Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,666,696,394.44, representing a 155.34% increase compared to CNY 652,732,130.94 in the same period last year[25]. - The net profit attributable to shareholders of the listed company reached CNY 128,494,791.00, a significant increase of 391.43% from CNY 26,147,308.92 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 123,927,308.18, up 535.10% from CNY 19,512,943.63 year-on-year[25]. - The net cash flow from operating activities was CNY 171,140,428.35, an increase of 432.95% compared to CNY 32,111,940.38 in the same period last year[25]. - Basic earnings per share were CNY 0.75, a 400.00% increase from CNY 0.15 in the previous year[25]. - The diluted earnings per share also stood at CNY 0.75, reflecting a 400.00% increase compared to CNY 0.15 last year[25]. - The weighted average return on equity was 10.61%, up 8.31% from 2.30% in the previous year[25]. - Total assets at the end of the reporting period were CNY 3,207,252,089.22, a 3.96% increase from CNY 3,085,215,280.01 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were CNY 1,275,760,156.81, an increase of 11.25% from CNY 1,146,749,230.12 at the end of the previous year[25]. Revenue Sources - The company's operating revenue increased by 155.34%, primarily due to the consolidation of its subsidiary, Leqing Yihua New Energy[40]. - Non-operating income rose by 66.91%, attributed to an increase in non-repayable funds and compensation income[40]. - The revenue from the solar bracket business was ¥816,227,997.72, accounting for 48.97% of total operating revenue[61]. - The revenue from the connector business was ¥780,106,960.36, representing 46.81% of total operating revenue, with a year-on-year increase of 25.18%[61]. - Foreign revenue skyrocketed by 422.46% to ¥1,014,029,147.35, compared to ¥194,087,297.35 in the previous year[65]. Investment and Assets - The company’s long-term borrowings increased by 80.21%, primarily due to acquisition loans[40]. - The company’s other non-current assets increased by 244.99%, mainly due to an increase in equipment purchase prepayments[38]. - The total investment during the reporting period was ¥111,000,000.00, a 21.71% increase compared to ¥91,201,147.00 in the same period last year[73]. - The company invested ¥3,000,000.00 in Wuhan Yigu Optoelectronics Technology Co., holding 87.50% equity, focusing on optical communication devices[73]. - The investment in Suzhou Yuanye Automotive Technology Co. amounted to ¥5,000,000.00, with a 68.38% equity stake, aimed at automotive electronics technology development[73]. Research and Development - The company has successfully developed 5G SFP and SFP+ series products, which have passed performance tests by key customers[36]. - The company is strategically expanding into the automotive electronics and smart terminal consumer electronics sectors[36]. - The company focuses on R&D in new energy technologies and has made significant investments in solar drive devices and photovoltaic technology[44]. - Research and development expenses increased by 67.47% to ¥98,461,443.55, up from ¥58,792,370.40 in the previous year[57]. - The company plans to enhance its R&D capabilities for high-speed communication connectors in response to market demand, with an increase in recruitment and investment in testing equipment[89]. Market and Competitive Landscape - The company is facing risks from fluctuations in raw material prices, which could impact short-term performance[116]. - The competitive landscape in the connector industry is intensifying, with increased competition from international firms relocating to China[116]. - The company is focusing on expanding its product lines and enhancing competitiveness to mitigate market risks[116]. - New product development and technology advancements are ongoing to capture higher profit margins in the market[116]. - The company has established multiple subsidiaries to diversify its operations and enhance market presence[112]. Corporate Governance and Shareholder Information - The company will not distribute cash dividends or issue bonus shares for the half-year period[120]. - The total number of ordinary shareholders at the end of the reporting period was 25,055, with a significant shareholder, Yihua Holding Group Co., Ltd., holding 47.48% of the shares[175]. - The largest shareholder, Yihua Holding Group Co., Ltd., held 81,035,094 shares, with no changes during the reporting period[175]. - The company reported a total of 971,408 restricted shares at the beginning of the period, with 242,418 shares released during the period, leaving 728,990 restricted shares at the end[174]. - The company’s management did not experience any changes during the reporting period, maintaining stability in leadership[200]. Rental and Leasing Activities - The company has a total of 30 rental agreements, with a significant portion allocated for office and factory spaces[143]. - The largest rental area is 28,346.35 square meters for a factory, with an annual rent of 48.60 million yuan[146]. - The total annual rent for the company's office spaces amounts to approximately 14.45 million yuan for the Beijing office and 41.51 million yuan for the Shenzhen office[143]. - The company has expanded its rental agreements to include locations in both domestic and international markets, such as South Korea and Thailand[143]. - The rental costs reflect the company's strategy to secure operational spaces in key regions to support its business growth[143]. Financial Management and Guarantees - The total amount of raised funds is CNY 551.54 million, with a net amount of CNY 500.10 million after deducting fees[84]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 36,320 million, with actual guarantees amounting to CNY 17,819.16 million[159]. - The actual guarantee total accounted for 13.97% of the company's net assets[159]. - The company reported no violations regarding external guarantees during the reporting period[163]. - The company has not engaged in any significant environmental pollution incidents or received administrative penalties related to environmental issues during the reporting period[163].

温州意华接插件股份有限公司 2019 年年度报告全文 CZT 温州意华接插件股份有限公司 2019 年年度报告 2020-029 2020 年 05 月 1 温州意华接插件股份有限公司 2019 年年度报告全文 成一定的风险。 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人陈献孟、主管会计工作负责人陈志及会计机构负责人(会计主管 人员)杜平声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 | --- | |------------------------------------------------------------------------| | | | 1 、原材料价格波动的风险近年来由于公司产品的上游主要原材料如黄金、 | | 铜材、塑胶料等价格出现一定幅度波动，公司通过与客户的协商，各类产品价 | | 格皆随之波动。此外，电子行业产品价格总体呈现成熟产品批量大、价格低， | | 并伴随产品生命周期呈现逐步下降并 ...

温州意华接插件股份有限公司 2020 年第一季度报告全文 温州意华接插件股份有限公司 2020 年第一季度报告 2020-021 2020 年 04 月 1 温州意华接插件股份有限公司 2020 年第一季度报告全文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈献孟、主管会计工作负责人陈志及会计机构负责人(会计主管 人员)杜平声明：保证季度报告中财务报表的真实、准确、完整。 2 温州意华接插件股份有限公司 2020 年第一季度报告全文 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 ...

Event Details - The company will participate in the online collective reception day for investors in the Zhejiang region [1] - The event is organized by the Zhejiang Regulatory Bureau of the China Securities Regulatory Commission, the Zhejiang Listed Companies Association, and Shenzhen Panorama Network Co., Ltd [1] - The event will be held on November 5, 2019 (Tuesday) from 15:30 to 17:00 [1] - The event will take place on the "Panorama Roadshow World" website (http://rs.p5w.net) [1] Participants - Company Chairman Chen Xianmeng will attend [1] - Financial Director Chen Zhi will attend [1] - Board Secretary Wu Chenran will attend [1] - Relevant staff members will also participate [1] Purpose - To strengthen communication with investors [1] - To provide a comprehensive understanding of the company's operations and development [1] - To address investor concerns regarding corporate governance and business performance [1]

Financial Performance - Net profit attributable to shareholders decreased by 20.14% to CNY 22,320,440.12 for the reporting period[8] - Basic earnings per share decreased by 18.75% to CNY 0.13 for the reporting period[8] - The weighted average return on equity was 1.95%, down 25.00% from the previous year[8] - The company reported a net profit of CNY 175,430,884.06, up from CNY 149,941,414.89, indicating a growth of approximately 17.0%[56] - Net profit for the current period was ¥16,917,691.32, a decrease of 37.7% compared to ¥27,191,959.55 in the previous period[61] - The profit attributable to the parent company's owners was ¥22,320,440.12, down 20.5% from ¥27,950,911.80 in the previous period[61] - The total profit for the current period was ¥24,597,637.91, a decrease of 33.1% from ¥36,809,827.14 in the previous period[61] - Net profit for the period was ¥35,908,328.01, a decrease of 42.5% from ¥62,070,587.86 in the previous period[78] - Basic earnings per share decreased to ¥0.28 from ¥0.37, representing a decline of 24.3%[81] - The company reported a decrease in total comprehensive income to ¥16,924,742.82 from ¥27,203,394.56 in the previous period[65] - The total comprehensive income for the period was ¥35,916,810.81, down from ¥62,094,798.98, a decrease of 42.5%[81] Revenue and Costs - Operating revenue for the period was CNY 379,564,059.22, reflecting a growth of 3.50% year-on-year[8] - Total operating revenue for the current period reached ¥379,564,059.22, an increase of 3.1% compared to ¥366,714,809.69 in the previous period[58] - Total operating costs increased to ¥355,925,543.44, up 7.4% from ¥331,378,662.56 in the previous period[58] - Total operating revenue for the period reached ¥1,032,296,190.16, an increase of 3.1% compared to ¥995,771,423.00 in the previous period[75] - Total operating costs amounted to ¥986,685,647.78, up from ¥914,809,680.47, reflecting a rise of 7.8%[75] Assets and Liabilities - Total assets increased by 3.80% to CNY 1,835,498,116.98 compared to the end of the previous year[8] - Total assets reached CNY 1,835,498,116.98, up from CNY 1,768,384,632.42, reflecting a growth of about 3.8%[47] - Total liabilities increased to CNY 650,599,425.88, up from CNY 622,003,552.13, representing a growth of approximately 4.3% year-over-year[44] - Current liabilities totaled CNY 617,076,464.80, compared to CNY 608,560,368.35, indicating a slight increase of about 1.7%[44] - Non-current liabilities rose significantly to CNY 33,522,961.08 from CNY 13,443,183.78, marking an increase of approximately 149.5%[44] Cash Flow - The net cash flow from operating activities was negative at CNY -4,891,373.90, a decline of 121.76% compared to the same period last year[8] - Cash flow from operating activities decreased by 62.35% compared to the end of the previous year, mainly due to an increase in cash outflows from operating activities[1] - Cash flow from operating activities generated ¥27,220,566.48, down from ¥72,300,156.86, showing a decrease of about 62.4%[91] - Cash flow from investing activities resulted in a net outflow of ¥25,722,911.05, an improvement from a larger outflow of ¥138,862,199.57 in the previous period[97] - Cash flow from financing activities yielded a net inflow of ¥27,731,334.64, compared to ¥66,900,208.35, indicating a decrease of approximately 58.6%[97] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,491[12] - The largest shareholder, Yihua Holding Group Co., Ltd., held 47.48% of the shares[13] Expenses - Research and development expenses increased by 70.02% compared to the end of the previous year, mainly due to increased new product development[1] - Research and development expenses surged to ¥36,179,952.83, representing an increase of 80.0% from ¥20,100,955.69 in the previous period[58] - R&D expenses increased to ¥44,595,944.73 from ¥29,568,297.02, representing a growth of approximately 50.7% year-over-year[86] - Financial expenses increased by 846.23% compared to the end of the previous year, primarily due to a decrease in exchange gains[1] - Financial expenses rose to ¥5,162,860.89 compared to a gain of ¥836,370.22 in the previous period, indicating a significant shift in financial performance[86] Other Income and Expenses - Non-operating income included government subsidies amounting to CNY 2,530,134.34[8] - The company reported a loss from the disposal of non-current assets of CNY -432,590.03[8] - Other income for the period was ¥6,955,396.26, up from ¥3,016,679.30, indicating a growth of 130.5%[75] - Tax expenses for the current period were ¥7,679,946.59, down 20.1% from ¥9,617,867.59 in the previous period[61] - Tax expenses for the period were ¥19,890,956.87, slightly down from ¥20,917,626.63, a decrease of 4.9%[78] - The company recorded an asset impairment loss of -¥1,232,280.67, an improvement from -¥6,568,436.14 in the previous period[78] Cash and Cash Equivalents - Cash and cash equivalents increased by 2,357.90% compared to the end of the previous year, mainly due to an increase in cash flow from investment activities[1] - Cash and cash equivalents increased to CNY 140,248,862.65 from CNY 122,144,983.47, a rise of approximately 14.8%[48] - The ending cash and cash equivalents balance was ¥225,897,482.92, up from ¥121,208,198.18, representing an increase of approximately 86.1%[97] - The cash and cash equivalents at the end of the period totaled $140,248,862.65, up from $79,194,628.64, representing a 77.1% increase[103]

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2019, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 150 million RMB, up 20% compared to the same period last year[19]. - The company's operating revenue for the reporting period was ¥652,732,130.94, an increase of 3.76% compared to the same period last year[26]. - The net profit attributable to shareholders was ¥26,147,308.92, a decrease of 25.42% year-over-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,512,943.63, down 37.52% from the previous year[26]. - The net cash flow from operating activities was ¥32,111,940.38, representing a decline of 35.55% compared to the same period last year[26]. - Future guidance estimates a revenue growth of 10-15% for the next half of the year[19]. - The company reported a profit of 12.65 million yuan and a loss of 7.67 million yuan, primarily due to significant R&D investments and low product gross margins[114]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the next fiscal year[19]. - The company is focusing on the development of 5G and 6G communication connectors, with successful R&D of 5G SFP and SFP+ series products[36]. - The company has established a new product R&D center and is enhancing its product line to include consumer electronics and automotive electronics[39]. - Research and development expenses amounted to RMB 58.79 million, representing a significant increase of 64.41% year-on-year[67]. - The company has applied for a total of 290 invention and utility model patents, enhancing its innovation capabilities in the communications connector sector[46]. - The company has made breakthroughs in the research of hot runner molds, indicating progress in technology development[95]. Market Expansion and Strategy - The company has expanded its market presence in Southeast Asia, achieving a 30% growth in sales in that region[19]. - The company announced plans for a strategic acquisition of a local competitor, expected to enhance market share by 10%[19]. - The company is one of the few domestic enterprises to achieve mass production of high-speed connectors, securing a first-mover advantage in this emerging market[51]. - The company has established long-term cooperative relationships with major clients such as Huawei and ZTE, enhancing its market position[54]. - The sales model primarily involves direct sales and VMI agreements, with Huawei being the largest customer under the VMI model[43][44]. Financial Position and Assets - The total assets at the end of the reporting period were ¥1,795,563,535.14, an increase of 1.54% from the end of the previous year[26]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,132,364,857.78, up 0.81% from the previous year[26]. - The company's cash and cash equivalents increased by 44.60%, primarily due to the redemption of bank wealth management products at the end of the reporting period[49]. - The company's accounts receivable increased by 35.87%, attributed to an increase in received bills[49]. - The company's prepaid expenses surged by 177.17%, mainly due to an increase in prepaid material costs[49]. - The company's investment properties increased by 56.12%, primarily due to an increase in leased factory buildings[49]. - The company's fixed assets increased to RMB 529,829,181.40, accounting for 29.51% of total assets, up from 19.91% in the previous year[74]. Investment and Fundraising - The total investment during the reporting period was RMB 91,201,147.00, a significant increase of 327.82% compared to RMB 21,317,605.00 in the same period last year[78]. - The company has invested RMB 201,147.00 in a new subsidiary in the United States, holding a 100% stake[78]. - The total amount of raised funds was RMB 55,153,560.00, with RMB 11,724,640.00 invested during the reporting period[87]. - The company reported a loss of RMB 225,254.23 from its investment in the U.S. subsidiary[78]. - The company aims to enhance the efficiency of fundraising usage by reallocating interest income to specific projects[96]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, which can impact short-term performance due to the volatility of market prices[115]. - Increased competition in the domestic connector market is anticipated as major international manufacturers shift production bases to China, posing a risk to the company's market position[115]. - The company plans to enhance its core competitiveness through increased R&D investment and process optimization to mitigate market competition risks[115]. Corporate Governance and Compliance - The company did not distribute cash dividends or issue bonus shares for the half-year period[119]. - The company reported no significant litigation or arbitration matters during the reporting period[124]. - The company has no entrusted management situations during the reporting period[138]. - The company has no significant lease projects that contributed to over 10% of the total profit during the reporting period[145]. - The company did not undergo any changes in controlling shareholders or actual controllers during the reporting period[166].

温州意华接插件股份有限公司 2018 年年度报告全文 温州意华接插件股份有限公司 2018 年年度报告 2019-023 2019 年 04 月 1 温州意华接插件股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人陈献孟、主管会计工作负责人陈志及会计机构负责人(会计主管 人员)杜平声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、原材料价格波动的风险 近年来由于公司产品的上游主要原材料如黄金、铜材、塑胶料等价格出现 一定幅度波动，公司通过与客户的协商，各类产品价格皆随之波动。此外，电 子行业产品价格总体呈现成熟产品批量大、价格低，并伴随产品生命周期呈现 逐步下降并趋于平稳的趋势；而新产品、高端产品在推出时往往定价较高，能 够获得超额利润，但随着新产品推出频次加快，获得超额收益的时间也逐步缩 短。因此，公司产品的市场价格容易受市场供求关系、产品生命周期、原材料 价格等因素的影响产生波动 ...

温州意华接插件股份有限公司 2019 年第一季度报告全文 温州意华接插件股份有限公司 2019 年第一季度报告 2019-029 2019 年 04 月 1 温州意华接插件股份有限公司 2019 年第一季度报告全文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈献孟、主管会计工作负责人陈志及会计机构负责人(会计主管 人员)杜平声明：保证季度报告中财务报表的真实、准确、完整。 2 温州意华接插件股份有限公司 2019 年第一季度报告全文 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 追溯调整或重述原因 | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|-----------------------------|- ...

温州意华接插件股份有限公司 2018 年第三季度报告正文 证券代码：002897 证券简称：意华股份 公告编号：2018-070 温州意华接插件股份有限公司 2018 年第三季度报告正文 1 温州意华接插件股份有限公司 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈献孟、主管会计工作负责人陈志及会计机构负责人(会计主管 人员)杜平声明：保证季度报告中财务报表的真实、准确、完整。 2 温州意华接插件股份有限公司 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 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,611,371,924.55 | | 1,485,366,255.55 | 8.48% | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 629,056,613.31, representing a 13.16% increase compared to CNY 555,881,118.04 in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 29.80% to CNY 35,059,829.76 from CNY 49,946,244.72 year-on-year[19]. - The basic earnings per share dropped by 66.13% to CNY 0.21 from CNY 0.62 in the same period last year[19]. - Operating profit decreased by 32.00% to 46.25 million yuan, while total profit fell by 32.39% to 46.18 million yuan[46]. - The company reported a net loss of 48,534.20 USD for its U.S. subsidiary during the reporting period[83]. - The total comprehensive income for the first half of 2018 was CNY 34,891,404.42, down from CNY 49,946,244.72 in the previous year[150]. Cash Flow and Investments - The net cash flow from operating activities increased by 18.82% to CNY 49,826,279.50 compared to CNY 41,932,898.60 in the previous year[19]. - The company reported a net increase in cash and cash equivalents of CNY 46,324,844.28, a substantial improvement of 254.10% from a decrease of CNY 30,061,958.94 in the prior year[50]. - Cash inflow from financing activities was CNY 143,110,314.45, an increase of 55.5% from CNY 92,000,000.00 in the previous period[158]. - The company reported a financial expense of CNY 2,527,431.50, significantly reduced from CNY 8,738,512.66 in the previous year, indicating improved cost management[149]. - The company achieved an investment income of CNY 4,110,495.90, compared to no investment income reported in the same period last year[149]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,540,399,395.69, a 3.71% increase from CNY 1,485,366,255.55 at the end of the previous year[19]. - The company's total liabilities increased to CNY 450,817,053.90 from CNY 385,933,594.13, reflecting an increase of about 16.8%[141]. - Short-term borrowings decreased by 12.12% to CNY 174,000,000, down from CNY 240,580,000 in the previous year, primarily due to reduced bank loans[59]. - The company's equity attributable to shareholders decreased to CNY 1,080,237,359.73 from CNY 1,098,855,423.72, a decline of approximately 1.6%[142]. Research and Development - Research and development expenses increased significantly by 104.98% to CNY 35,759,428.06, up from CNY 17,445,530.13, primarily due to increased investment in R&D[50]. - The company is focusing on R&D investments, particularly in high-end optical interconnect products, to capture growth opportunities in the telecommunications sector[86]. - The company has established multiple product R&D departments to drive innovation in product development and manufacturing technology[27]. Market Position and Strategy - The company has established a leading position in the high-speed communication connector market, leveraging its first-mover advantage[36]. - The company has expanded its product line to include connectors for consumer electronics and automotive applications, enhancing market reach[27]. - The company maintains long-term cooperative relationships with major clients, including Huawei and ZTE, enhancing its core competitiveness[34]. Risks and Challenges - The company anticipates that the rising prices of raw materials and labor costs will continue to impact its performance negatively[85]. - The competitive landscape in the connector industry is intensifying as major international manufacturers shift production bases to China, increasing domestic competition[85]. - The company faces risks from fluctuating raw material prices, which could affect short-term performance due to market supply and demand dynamics[85]. Corporate Governance and Shareholder Information - The company has not declared any cash dividends or stock bonuses for the half-year period[91]. - The number of ordinary shareholders at the end of the reporting period was 26,023, with the largest shareholder, Yihua Holdings Group, holding 47.48% of the shares[123]. - The company completed the 2017 profit distribution, distributing 5.00 RMB per 10 shares to all shareholders, resulting in a total share capital increase from 106,670,000 to 170,672,000 shares[121]. Financial Reporting and Compliance - The half-year financial report has not been audited, indicating a lack of external validation for the reported figures[93]. - Financial statements are prepared in accordance with the Accounting Standards for Business Enterprises and reflect the company's financial position, operating results, and cash flows accurately[181]. - The financial report was approved by the company's board of directors on August 16, 2018[177].