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].

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 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 - 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 - 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]

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 ...

Financial Performance - The company's revenue for Q1 2020 was ¥622,088,258.66, representing an increase of 86.70% compared to ¥333,208,970.38 in the same period last year[8]. - Net profit attributable to shareholders was ¥31,680,892.65, a significant increase of 408.90% from ¥6,225,317.99 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥30,589,925.99, up 509.14% from ¥5,021,827.87 in the previous year[8]. - Basic earnings per share rose to ¥0.19, reflecting a 375.00% increase compared to ¥0.04 in the same period last year[8]. - Operating revenue for the reporting period increased by 86.70% year-on-year, mainly attributed to the addition of the new subsidiary, Yueqing Yihua New Energy Technology Co., Ltd.[22]. - Net profit surged by 849.28% year-on-year, significantly driven by the new subsidiary's contributions[22]. - The operating profit for the current period is CNY 36,686,430.17, compared to CNY 9,753,574.71 in the previous period, marking an increase of 276.73%[57]. - The total profit for the current period is CNY 36,716,092.40, compared to CNY 9,707,402.69 in the previous period, an increase of 277.73%[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,018,482,416.67, a slight decrease of 0.64% from ¥3,038,007,042.50 at the end of the previous year[8]. - The total assets of the company as of March 31, 2020, amounted to ¥1,991,508,854.81, compared to ¥1,962,997,358.24 at the end of December 2019, reflecting a growth of 1.5%[51]. - The total liabilities decreased to ¥1,118,989,692.57 from ¥1,088,168,081.20, indicating a reduction of approximately 2.5%[51]. - The company's equity attributable to shareholders increased to ¥872,519,162.24 from ¥874,829,277.04, showing a slight decline of 0.4%[51]. - Total assets amounted to CNY 3,038,007,042.50 as of January 1, 2020[81]. - Total liabilities reached CNY 1,856,469,925.06, with current liabilities at CNY 1,736,711,612.44[85]. Cash Flow - The net cash flow from operating activities was ¥13,284,731.16, down 26.01% from ¥17,954,880.94 in the same period last year[8]. - The company reported a 100.36% year-on-year decline in net cash flow from investment activities, primarily due to reduced cash outflows from investment activities[22]. - Cash inflow from operating activities reached 799,080,338.29, significantly up from 350,821,209.74 in the prior period, marking an increase of approximately 127.6%[68]. - Cash flow from financing activities resulted in a net inflow of 94,797,921.38, compared to 24,571,072.12 in the prior period, representing an increase of about 285.5%[74]. - The ending balance of cash and cash equivalents was 375,109,772.61, up from 177,018,821.92 in the previous period, reflecting an increase of approximately 112.3%[74]. Expenses - Research and development expenses rose by 61.88% year-on-year, reflecting increased investment in R&D and the impact of the new subsidiary[22]. - Sales expenses increased by 45.23% year-on-year, largely due to the new subsidiary's operations[22]. - The company's financial expenses decreased by 45.87% year-on-year, mainly due to fluctuations in exchange gains and losses[22]. - The company reported a financial expense of CNY 3,937,805.25, down from CNY 7,275,145.31 in the previous period, a decrease of 45.87%[57]. - The company's total operating costs for the current period are CNY 586,960,405.44, up from CNY 327,900,078.51 in the previous period[57]. Government Support and Non-Recurring Items - The company received government subsidies amounting to ¥746,746.86 during the reporting period[8]. - The company reported a non-recurring loss from the disposal of non-current assets of ¥9,597.83, primarily due to fixed asset disposal losses[8]. Other Financial Metrics - The weighted average return on equity increased to 2.73%, up 2.18% from 0.55% year-on-year[8]. - The balance of cash and cash equivalents at the end of the reporting period increased by 111.90% year-on-year, attributed to higher net cash flows from investment and financing activities[22]. - The company reported an increase in undistributed profits to ¥164,516,504.52 from ¥166,714,316.61, a decrease of 1.3%[51]. - The deferred income tax liabilities remained stable at ¥3,365,065.73 compared to the previous period[51]. Reporting and Standards - The company has not undergone an audit for the first quarter report[91]. - The first quarter report was released on April 30, 2020[95]. - The company is applying new revenue and lease standards starting from 2020[89].

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]