Financial Performance - Operating revenue for the reporting period was ¥832,178,534.25, representing a year-on-year growth of 42.90%[8] - Net profit attributable to shareholders was ¥107,535,262.66, a slight decrease of 0.24% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥91,647,559.35, down 9.76% year-on-year[8] - Basic earnings per share for the reporting period were ¥0.74, a decrease of 1.33% year-on-year[8] - The weighted average return on net assets was 4.21%, down 0.50% from the previous year[8] - The company's net profit for the year is expected to show significant changes compared to the same period last year, but specific figures are not disclosed[48] - The net profit for the current period was CNY 68,143,203.21, compared to CNY 61,040,122.14 in the previous period, reflecting an increase of about 11.5%[88] - The total profit for the current period was CNY 77,120,241.13, an increase from CNY 71,811,908.40 in the previous period, representing a growth of approximately 7.9%[88] - The company's total profit amounted to ¥253,058,997.51, compared to ¥243,219,754.28 in the previous period, marking an increase of approximately 4.0%[99] Cash Flow - The net cash flow from operating activities was ¥61,715,445.29, a significant decline of 52.67% compared to the previous year[8] - The net cash flow from operating activities decreased by 52.63% compared to the same period last year, primarily due to an increase in the payment of due notes[31] - The net cash flow from investing activities showed a slight decrease of 4.61% compared to the previous year[31] - The net cash flow from financing activities increased by 210.00% year-on-year, mainly due to an increase in cash received from borrowings[31] - Cash inflow from financing activities totaled ¥247,029,987.28, compared to ¥48,259,703.84, marking a substantial increase of approximately 413.5%[111] - Net cash flow from financing activities improved to ¥111,407,914.44, compared to -¥101,278,813.33, indicating a positive turnaround[111] - The ending cash and cash equivalents balance increased to ¥250,542,864.33 from ¥152,617,807.88, representing a growth of approximately 64.2%[111] - Net cash flow from operating activities decreased to ¥189,286,390.12, down from ¥399,596,255.78, reflecting a decline of approximately 52.7%[108] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,252,993,085.09, an increase of 19.49% compared to the end of the previous year[8] - As of September 30, 2020, accounts receivable increased by 37.46% to RMB 910,762,915.08 compared to December 31, 2019, primarily due to increased revenue[24] - Inventory increased by 31.74% to RMB 381,656,407.26, attributed to the rise in work-in-progress and finished goods[24] - Short-term borrowings surged by 190.31% to RMB 231,227,003.23, mainly due to increased working capital loans[24] - The company's total liabilities increased to RMB 1,644,656,412.04 from RMB 1,125,429,598.05 at the end of 2019[63] - Total liabilities increased to ¥1,377,352,065.99 from ¥872,534,252.88, reflecting a rise of about 57.9%[73] - The company's total equity rose to ¥2,126,718,826.32, compared to ¥2,046,299,092.27, showing an increase of approximately 3.9%[73] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,197[12] - The largest shareholder, Shenzhen Beidian Investment Co., Ltd., holds 54.10% of the shares, with 80,000,000 shares pledged[12] - The company repurchased and canceled 111,462 restricted shares, accounting for 0.0753% of the total share capital before the repurchase[32] - A total of 421,750 restricted shares were unlocked for two incentive targets, representing 0.2852% of the current total share capital[34] - The first phase of the employee stock ownership plan saw a lock-up period expiration, with 543,100 shares unlocked, accounting for 0.3673% of the total share capital[35] - The company completed the purchase of 3,606,887 shares under the 2020 employee stock ownership plan, which is 2.44% of the total share capital, at an average price of 54.893 RMB per share[37] Government Subsidies and Other Income - The company received government subsidies amounting to ¥14,194,857.57 during the reporting period[8] - Other income rose by 169.47% to RMB 5,267,667.50, mainly from increased government subsidies related to daily activities[28] - The company reported other income of CNY 3,708,734.21, up from CNY 1,922,292.30 in the previous period, marking an increase of approximately 92.9%[85] - The company reported other income of ¥9,608,004.25 for the current period, an increase from ¥4,759,476.90 in the previous period, representing a growth of approximately 101.8%[102] Research and Development - Research and development expenses for the quarter were ¥36,686,564.20, compared to ¥24,673,125.57 in the previous year, reflecting a year-over-year increase of approximately 48.8%[78] - Research and development expenses amounted to CNY 85,258,095.73, up from CNY 67,219,409.00, indicating a year-over-year increase of approximately 26.5%[92] - Research and development expenses for the current period were ¥59,106,337.41, up from ¥47,386,408.75 in the previous period, showing an increase of about 24.7%[102] Financial Adjustments and Compliance - The company adjusted its financial statements to comply with new revenue recognition standards, resulting in a reclassification of CNY 4,514,049.67 from advance receipts to contract liabilities[128] - The company’s financial adjustments were necessary to align with the new accounting standards effective from January 1, 2020[128]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,221,638,788.85, representing a 15.74% increase compared to CNY 1,055,514,752.13 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 118,654,615.48, up 20.56% from CNY 98,423,518.19 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 101,763,461.08, an increase of 22.57% compared to CNY 83,026,165.91 in the same period last year[23]. - Basic and diluted earnings per share were both CNY 0.81, reflecting a 19.12% increase from CNY 0.68 in the same period last year[23]. - The gross profit margin for PCB manufacturing was 20.58%, a decrease of 2.43% from the previous year[81]. - The investment income amounted to ¥16,062,564.08, contributing 12.12% to the total profit[82]. Cash Flow and Assets - The net cash flow from operating activities was CNY 127,570,944.83, a decrease of 52.61% from CNY 269,193,263.62 in the previous year[23]. - Total assets at the end of the reporting period were CNY 3,903,730,747.46, a 9.68% increase from CNY 3,559,190,270.21 at the end of the previous year[23]. - Cash and cash equivalents at the end of the reporting period were ¥249,747,633.25, accounting for 6.40% of total assets[86]. - The company's inventory increased to ¥385,295,009.93, representing 9.87% of total assets, up from 7.10% in the previous year[86]. Investments and Projects - The company invested no less than 3.5 billion yuan in the "Zhaoqing Aoshikang Technology Industrial Park" project, focusing on high-end automotive electronic circuits and 5G network products[68]. - The project for producing 1.2 million square meters of high-precision printed circuit boards has an investment progress of 83.27% with CNY 50,489.01 million cumulatively invested[104]. - The project for producing 800,000 square meters of automotive electronic printed circuit boards has an investment progress of 44.79% with CNY 18,848.78 million cumulatively invested[104]. Market and Industry Outlook - The global PCB market value reached USD 61.31 billion in 2019, with a projected compound annual growth rate (CAGR) of approximately 4.3% from 2019 to 2024, expected to grow to USD 75.85 billion[42]. - The PCB market is expected to see significant growth in high-end products, with HDI boards projected to grow at a CAGR of 5.85% from 2019 to 2024[42]. - The fastest-growing segments in the PCB market are expected to be wireless infrastructure, servers, and data storage, with respective CAGRs of 8%, 6.4%, and 5.8% from 2019 to 2023[43]. Risks and Challenges - The company faced risks including macroeconomic downturns, fluctuations in downstream demand, and raw material price volatility[7]. - Trade protectionism poses a risk to the company's operations, although it has not yet significantly impacted business[127]. - The company reported a significant risk from exchange rate volatility affecting product pricing and costs[129]. Corporate Governance and Compliance - The company has not faced any penalties or corrective actions during the reporting period, reflecting compliance with regulations[156]. - There were no major litigation or arbitration matters during the reporting period[139]. - The company has no overdue commitments from controlling shareholders or related parties as of the reporting period[134]. Employee and Talent Development - The company has established a talent development mechanism, recruiting 100 fresh graduates and implementing a comprehensive training program to enhance employee capabilities[55]. - The company has implemented an employee stock incentive plan, approved in April 2018, aimed at promoting sustainable development[158]. Shareholder Engagement - The annual shareholders' meeting had a participation rate of 77.22% on May 29, 2020[133]. - The first extraordinary shareholders' meeting of 2020 had a participation rate of 74.86% on March 6, 2020[133].

Financial Performance - The company's revenue for Q1 2020 was ¥489,897,675.66, a decrease of 3.88% compared to ¥509,689,078.79 in the same period last year[9]. - Net profit attributable to shareholders was ¥25,247,165.85, down 47.24% from ¥47,852,093.77 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥16,995,906.14, a decline of 54.62% compared to ¥37,451,904.20 in the previous year[9]. - Basic and diluted earnings per share were both ¥0.17, down 48.48% from ¥0.33 year-on-year[9]. - The company reported a total profit of CNY 29,635,449.81, down 47.1% from CNY 55,969,166.09 in the previous period[70]. - Operating profit decreased to CNY 32,169,408.81, down 42.7% from CNY 56,210,389.60 in the previous period[70]. - Total operating revenue for the first quarter was CNY 489,897,675.66, a decrease of 3.1% compared to CNY 509,689,078.79 in the previous period[64]. - Total operating revenue for the current period was CNY 363,452,816.63, a decrease of 3.1% from CNY 378,315,018.09 in the previous period[74]. - Tax expenses decreased to CNY 2,560,979.42 from CNY 4,320,733.66 in the previous period[68]. Cash Flow - The net cash flow from operating activities was ¥81,715,416.92, representing a decrease of 57.93% from ¥194,234,224.97 in the same period last year[9]. - The net cash flow from investing activities worsened by 65.57% to RMB -196,721,316.71, mainly due to increased fixed asset investments[27]. - The net cash flow from financing activities increased significantly by 501.84% to RMB 182,083,290.60, primarily due to increased borrowings[27]. - Cash inflow from operating activities totaled CNY 570,800,559.75, down from CNY 591,901,482.14 in the prior period[84]. - Net cash flow from investment activities showed a loss of CNY 196,721,316.71, worsening from a loss of CNY 118,813,922.34[84]. - Cash inflow from financing activities reached CNY 182,375,649.84, an increase from CNY 30,798,206.68 in the previous period[88]. - The net increase in cash and cash equivalents was CNY 69,500,224.12, down from CNY 104,445,371.04[88]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,870,165,959.80, a decrease of 8.74% from ¥3,559,190,270.21 at the end of the previous year[9]. - The total current assets reached ¥2,405,792,935.11, up from ¥2,259,087,865.51[47]. - Total liabilities rose to CNY 1,405,684,553.48, up from CNY 1,125,429,598.05, indicating an increase of about 24.8%[56]. - The company reported short-term borrowings of ¥259,172,189.50, significantly higher than ¥79,647,643.96 previously[50]. - The total current liabilities increased to CNY 1,076,780,265.23 from CNY 836,494,953.35, reflecting a growth of about 28.7%[62]. - The company’s total current liabilities as of January 1, 2020, were CNY 1,085,284,726.92, unchanged from the previous year[99]. Shareholder Information - The net assets attributable to shareholders were ¥2,464,481,406.32, an increase of 1.26% from ¥2,433,760,672.16 at the end of the previous year[9]. - The total number of ordinary shareholders at the end of the reporting period was 13,622[13]. - The company completed the repurchase and cancellation of 111,462 restricted stocks, accounting for 0.0753% of the total share capital before the repurchase[31]. Expenses and Investments - Management expenses increased by 78.04% to RMB 57,562,664.50, primarily due to expenses related to the employee stock ownership plan[25]. - Research and development expenses increased to CNY 20,563,528.60, up 2.9% from CNY 19,974,086.58 in the previous period[68]. - Financial expenses showed a significant improvement, with a net income of CNY -8,796,284.60 compared to CNY 10,408,336.55 in the previous period[68]. - Other income rose to CNY 5,591,795.75, an increase from CNY 2,440,260.25 in the previous period[68]. Employee Stock Ownership Plan - The company approved the 2020 employee stock ownership plan on March 20, 2020, to ensure its smooth implementation[30]. - The company appointed Shaanxi International Trust Co., Ltd. as the trust institution for the 2020 employee stock ownership plan[30]. Other Financial Metrics - The company had a weighted average return on equity of 1.03%, down 1.14% from 2.17% in the previous year[9]. - The company reported a significant increase in cash received from other operating activities, totaling CNY 15,347,292.31, compared to CNY 2,949,051.72 in the previous period[81]. - Total comprehensive income amounted to CNY 12,744,175.26, a decrease from CNY 23,989,554.67 in the previous period[80].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year growth of 15%[18]. - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[18]. - The company's operating revenue for 2019 was ¥2,275,989,133.58, representing a year-over-year increase of 1.84% from ¥2,234,865,332.32 in 2018[27]. - The net profit attributable to shareholders for 2019 was ¥267,511,958.49, an increase of 11.98% compared to ¥238,885,404.87 in 2018[27]. - The net cash flow from operating activities increased by 67.05% to ¥509,457,780.20 in 2019, compared to ¥304,973,922.43 in 2018[27]. - The total assets at the end of 2019 were ¥3,559,190,270.21, reflecting a 14.05% increase from ¥3,120,770,773.87 at the end of 2018[27]. - The basic earnings per share for 2019 were ¥1.84, a 10.84% increase from ¥1.66 in 2018[27]. - The company reported a significant increase in quarterly revenue, with Q4 2019 revenue reaching ¥638,110,175.93, up from ¥509,689,078.79 in Q1 2019[32]. - The company achieved total revenue of 2.276 billion yuan in 2019, representing a year-on-year growth of 1.84%[59]. - The net profit attributable to shareholders was 268 million yuan, an increase of 11.98% compared to the previous year[59]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of 5 RMB per 10 shares, totaling approximately 74 million RMB[6]. - The company distributed cash dividends of 5.0 yuan per 10 shares, totaling 73.934 million yuan for the 2019 fiscal year[59]. - The cash dividend per 10 shares is set at 5.0 CNY (including tax), with a total share base of 147,868,152 shares[142]. - The total cash dividend distributed amounted to 73,934,076 CNY, representing 100% of the total profit distribution[142]. - The company plans to maintain a minimum cash dividend ratio of 20% during profit distribution, considering significant capital expenditures[142]. Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 20% market share by 2021[18]. - The company aims to expand its market presence in North America and Europe, establishing local support teams to enhance customer interaction and service[126]. - The company plans to upgrade its product offerings from double-sided and four-layer boards to six-layer and eight-layer boards, focusing on 5G, automotive electronics, and communication devices[129]. - The company will implement a dual strategy of "bringing in" external talent and "going out" to learn from industry leaders to strengthen its management and technical teams[130]. - The company aims to achieve high production efficiency and product quality through continuous improvement of production processes and advanced manufacturing techniques[131]. Research and Development - The company has invested 50 million RMB in R&D for new technologies, aiming to enhance production efficiency by 30%[18]. - Research and development expenses totaled 89.4843 million yuan, reflecting a year-on-year increase of 2.48%[59]. - R&D investment increased by 2.48% to ¥89,484,289.17 in 2019, accounting for 3.93% of operating revenue[78]. - The company has increased its R&D investment, focusing on high-end HDI, automotive boards, and high-frequency communication products, gaining recognition from domestic and international clients[50]. - The company holds a total of 219 patents, including 52 invention patents, which support its competitive advantage in the market[77]. Operational Efficiency - The company operates a Make-To-Order (MTO) production model to meet customized market demands, enhancing efficiency and cost control[40]. - The company has implemented a "large format" production model, achieving significant breakthroughs in production efficiency and material utilization[51]. - The company aims to enhance its core competitiveness through technology innovation, including the development of low-loss materials for high-speed boards[131]. - The automotive board production level has received certification from international suppliers, with preliminary cooperation agreements established for future production increases[132]. Customer and Supplier Relations - The company has established strategic partnerships with three major electronics manufacturers to enhance its product offerings and market reach[18]. - The top five customers contributed ¥677,135,678.90, accounting for 29.75% of total sales, indicating a concentrated customer base[72]. - The top five suppliers accounted for ¥693,903,987.76, or 37.00% of total purchases, highlighting the company's reliance on key suppliers[75]. - The company has a diverse customer base, with long-term partnerships that enhance customer loyalty and market competitiveness[55]. Financial Management and Compliance - The company has committed to not transferring or managing its shares for a period of 36 months post-IPO, ensuring shareholder confidence[145]. - The company will initiate measures to stabilize stock prices if the closing price falls below 120% of the audited net asset per share for five consecutive trading days[165]. - The company will compensate investors for losses if the prospectus contains false records or misleading statements, with a 30-day window for compensation after regulatory recognition[170]. - The company has a long-term commitment to adhere to legal regulations and will publicly explain any failure to fulfill commitments at shareholder meetings[172]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[191].

奥士康科技股份有限公司 2019 年第三季度报告全文 奥士康科技股份有限公司 2019 年第三季度报告 2019 年 10 月 1 奥士康科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人程涌、主管会计工作负责人李许初及会计机构负责人(会计主管 人员)李许初声明：保证季度报告中财务报表的真实、准确、完整。 2 奥士康科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------|------------------- ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,055,514,752.13, representing a 3.89% increase compared to CNY 1,015,949,531.39 in the same period last year[23]. - The net profit attributable to shareholders was CNY 98,423,518.19, a decrease of 4.69% from CNY 103,263,105.75 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 83,026,165.91, down 12.98% from CNY 95,407,332.67 year-on-year[23]. - The net cash flow from operating activities increased significantly by 116.62% to CNY 269,193,263.62, compared to CNY 124,271,672.66 in the same period last year[23]. - The total assets at the end of the reporting period were CNY 3,024,925,290.29, a decrease of 3.07% from CNY 3,120,770,773.87 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 2.67% to CNY 2,232,139,607.19 from CNY 2,174,064,038.61 at the end of the previous year[23]. - The basic earnings per share decreased by 5.56% to CNY 0.68 from CNY 0.72 in the same period last year[23]. - The weighted average return on equity was 4.40%, down from 5.15% in the previous year[23]. - The company reported a government subsidy of CNY 3,165,656.34 included in the current profit and loss[27]. - The company's non-recurring gains and losses totaled CNY 15,397,352.28, with a significant tax impact of CNY 2,717,168.05[30]. Market and Industry Insights - The global PCB market reached a value of USD 62.4 billion in 2018, with a year-on-year growth rate of 6.04%[39]. - The PCB market in mainland China grew by 9.99% year-on-year, reaching USD 32.7 billion, benefiting from the continuous transfer of PCB capacity[39]. - The compound annual growth rate (CAGR) for the global PCB market from 2018 to 2023 is projected to be approximately 3.68%[39]. Production and Operational Efficiency - The company maintains a lean production model, achieving near-zero inventory levels through order-driven production[36]. - The company has implemented a large-format production model, significantly reducing raw material waste and improving overall production efficiency[47]. - The company has formed unique standard line speed capacity, optimizing production processes and reducing production costs[48]. - The company is focusing on standardizing production processes to improve efficiency and prepare for smart manufacturing[48]. - The company is actively adjusting its product structure to enhance profitability and meet market demands, particularly in the 5G and automotive sectors[62]. Research and Development - The company has established a multi-level R&D platform, focusing on high-end HDI, automotive boards, and high-frequency communication technologies[47]. - Research and development investment totaled RMB 42.55 million, a year-on-year increase of 10.70%, focusing on new processes for high-end HDI, automotive boards, and high-frequency communication[64]. - Research and development investment amounted to ¥42,546,283.43, reflecting a 10.70% increase year-on-year, primarily due to higher personnel costs[74]. Investment and Capital Expenditure - The company plans to invest at least RMB 3.5 billion in the "Zhaoqing Aoshikang Technology Industrial Park" project, which will enhance its production capacity for high-end automotive electronics and 5G communication products[58][66]. - The total investment amount during the reporting period was RMB 171,020,916.77, representing a 15.49% increase compared to RMB 148,084,248.64 in the same period last year[87]. - The project for the annual production of 1.2 million square meters of high-precision printed circuit boards has reached an investment progress of 73.37%[93]. Employee and Shareholder Information - The company completed the issuance and listing of 843,500 restricted stock units under its incentive plan, enhancing employee motivation[68]. - The company implemented a restricted stock incentive plan in 2018, granting a total of 4,217,500 shares, with 3,374,000 shares actually awarded to 131 eligible participants[138]. - The total number of common shareholders at the end of the reporting period was 17,400[194]. - The largest shareholder, Shenzhen Beidian Investment Co., Ltd., holds 54.06% of the shares, totaling 80,000,000 shares[194]. Environmental and Social Responsibility - The company has established a dedicated environmental monitoring laboratory, conducting wastewater sampling every 4 hours and online monitoring every 2 hours[167]. - The total wastewater discharge from the company was 456,700 cubic meters, with no exceedance of pollutant discharge standards reported[160]. - The company has invested 30,800 yuan in social poverty alleviation projects, focusing on community support and development[174]. - The company has reported a total of 1.64 million yuan in material donations as part of its social responsibility initiatives[171]. - The company has committed to ongoing support for vulnerable groups and will continue to collaborate with public welfare organizations for targeted poverty alleviation[175].

奥士康科技股份有限公司 2019 年第一季度报告全文 奥士康科技股份有限公司 2019 年第一季度报告 2019 年 04 月 1 奥士康科技股份有限公司 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。 公司负责人程涌、主管会计工作负责人李许初及会计机构负责人(会计主管 人员)李许初 声明：保证季度报告中财务报表的真实、准确、完整。 2 奥士康科技股份有限公司 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 | 本报告期 | 上年 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2018, representing a year-on-year growth of 15%[18] - The net profit attributable to shareholders was 150 million RMB, an increase of 20% compared to the previous year[18] - The company's operating revenue for 2018 was ¥2,234,865,332.32, representing a year-over-year increase of 28.71% compared to ¥1,736,368,033.47 in 2017[26] - The net profit attributable to shareholders for 2018 was ¥238,885,404.87, a 37.96% increase from ¥173,151,455.02 in 2017[26] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥215,685,117.21, up 33.32% from ¥161,780,436.81 in 2017[26] - The net cash flow from operating activities for 2018 was ¥304,973,922.43, reflecting a 20.34% increase from ¥253,425,567.16 in 2017[26] - The total assets at the end of 2018 were ¥3,120,770,773.87, a 6.34% increase from ¥2,934,724,906.99 at the end of 2017[26] - The basic earnings per share for 2018 were ¥1.66, a 6.41% increase compared to ¥1.56 in 2017[26] - The weighted average return on equity for 2018 was 11.57%, down from 18.52% in 2017, indicating a decrease of 6.95%[26] - The company reported a net profit of CNY 238,885,404.87 for 2018, representing a 27.88% profit margin[170] Dividend Distribution - The company plans to distribute a cash dividend of 4.50 RMB per 10 shares, totaling approximately 66.5 million RMB[6] - The cash dividend distribution plan includes a cash dividend of CNY 4.50 per 10 shares, totaling CNY 66,590,826.30[171] - The total distributable profit for the company at the end of 2018 was CNY 296,582,067.06, with cash dividends accounting for 100% of the profit distribution[171] - The company did not propose any stock dividends or capital reserve transfers in the current profit distribution plan[171] - The retained earnings at the end of 2018 amounted to CNY 595,552,280.76 after accounting for the net profit and previous distributions[171] - The company has a capital reserve balance of CNY 1,443,071,299.70 as of the end of 2018[171] - The company is committed to sharing its operational results with shareholders while ensuring sufficient capital reserves for future development[171] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2020[18] - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach, with a budget of 300 million RMB set aside for this purpose[18] - The company aims to enhance its competitiveness by focusing on high-precision multi-layer PCBs and automotive boards, transitioning from lower-tier products to higher-tier offerings[146] - Aoshikan plans to expand its market presence in South Korea, Japan, and Taiwan, while also targeting Europe and North America for global market penetration[146] - The company will invest in R&D for specialized PCBs, including high-frequency boards and metal-based boards, to diversify its product offerings and improve production efficiency[149] - The company plans to acquire upstream and downstream enterprises in the PCB industry to enhance control over supply and production, aiming to reduce market volatility impacts[158] Research and Development - The company has allocated 100 million RMB for research and development in new technologies for the upcoming fiscal year[18] - The company has established a multi-level R&D platform, increasing R&D investment and enhancing core technological competitiveness, particularly in high-end HDI and automotive boards[79] - The company’s R&D investment reached 87.32 million yuan, a year-on-year increase of 31.61%, accounting for 3.91% of total revenue[82] - The number of R&D personnel increased by 24.61% to 395, with R&D investment accounting for 3.91% of operating revenue[102] - The company obtained 93 patent certificates during the reporting period, including 10 invention patents and 83 utility model patents[62] - The company holds a total of 237 patents, including 31 invention patents, reflecting its commitment to R&D and innovation[99] Operational Efficiency - The company has established a "large layout" production model, significantly reducing raw material waste and improving overall production efficiency[58] - The company has focused on upgrading production processes and equipment to enhance production speed and efficiency, particularly in communication equipment and automotive electronics sectors[63] - The company has achieved a high production efficiency level in the industry through recent technological advancements in production processes[151] - The company has implemented a data-driven management system to enhance production efficiency and optimize resource allocation[70] - The company launched an ERP system (SAP) and an OA collaborative office system to improve operational efficiency and management control[84] Financial Management and Investments - The total amount of raised funds was RMB 1,094,074,940, with a net amount of RMB 1,027,135,200.56 after deducting fees[119] - The company utilized RMB 260,707,242.62 of the raised funds during 2018, with a cumulative usage of RMB 42,386,490.00 by the end of the reporting period[119] - The company will utilize raised funds effectively for investment projects and leverage financial tools to promote long-term development[158] - The company reported a fair value change gain of RMB 1,760,504.11 on financial assets measured at fair value during the reporting period[114] Shareholder Management - The company reported a commitment to not transfer or manage shares for 36 months post-IPO, ensuring shareholder confidence[187] - The lock-up period for shares will automatically extend by six months if the closing price falls below the issue price within the first six months of listing[193] - During the lock-up period, the annual transfer of shares by senior management is limited to 25% of their total holdings[199] - The company will bear legal responsibilities for any losses incurred by shareholders due to non-compliance with share transfer commitments[198] - The company has established a clear framework for share transfer limits to maintain market stability and protect investor interests[195] - The share transfer policy is designed to enhance transparency and trust among investors[191] - The company is actively managing its shareholder structure to align with regulatory requirements and market expectations[190]

Financial Performance - Total assets increased by 6.73% to CNY 3,132,137,306.46 compared to the end of the previous year[8] - Net profit attributable to shareholders increased by 114.06% to CNY 81,830,287.29 for the reporting period[8] - Operating revenue rose by 37.33% to CNY 633,926,415.09 compared to the same period last year[8] - Basic earnings per share increased by 60.00% to CNY 0.56[8] - Net cash flow from operating activities surged by 566.98% to CNY 100,226,450.07[8] - The weighted average return on equity was 3.97%, an increase from -0.49% in the previous year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,338[12] - The largest shareholder, Shenzhen Beidian Investment Co., Ltd., holds 54.35% of the shares[12] - The company did not conduct any repurchase transactions during the reporting period[13] Future Expectations - The company expects a net profit attributable to shareholders for 2018 to increase by 35.00% to 70.00%, with an estimated range of RMB 233.75 million to RMB 294.35 million[51] - The net profit for 2017 was RMB 173.15 million, indicating a significant growth trajectory for the current year[51] Incentive Plans and Stock Grants - The company has adjusted the number of restricted stock grants in its 2018 incentive plan to 4.2175 million shares, with a reserved portion of 843,500 shares[42] - As of August 16, 2018, the company received investment funds totaling RMB 68,975,756.28 from 120 incentive plan participants[44] - The company granted 3,132,414 shares of restricted stock to 120 incentive plan participants on September 12, 2018[44] - The company has not yet purchased any stock under its 2018 employee stock ownership plan as of October 23, 2018, and has decided to terminate this plan due to market conditions[47] Investments and Financial Management - The company has engaged in wealth management by investing RMB 79.2 million in bank financial products using idle raised funds and RMB 19 million using idle self-owned funds, totaling RMB 98.2 million[55] - The company's investment income surged by 5,323.52% to CNY 17,326,057.78, mainly from increased returns on idle funds invested in financial products[36] Operational Changes - The company's operating revenue for the first three quarters of 2018 was CNY 1,649,875,946.48, representing a 34.60% increase compared to CNY 1,225,750,746.61 in the same period of 2017[31] - The company's net cash flow from operating activities increased by 89.30%, reaching CNY 224,498,122.73, primarily due to increased sales revenue and the collection of receivables[38] - The company's total assets decreased by 79.79% to CNY 224,748,913.76 from CNY 1,112,184,958.96, mainly due to idle funds being invested in financial products[16] - The company's other receivables increased by 409.54% to CNY 13,691,868.36, attributed to increased interest from idle funds invested in financial products[18] - The company's construction in progress increased by 1,695.32% to CNY 14,852,942.76, primarily due to the construction of new factories[20] - The company's prepayments increased by 68.94% to CNY 19,108,405.19, mainly due to increased prepayments for raw materials and electricity[30] - The company's deferred income increased by 65.18% to CNY 28,121,078.64, due to an increase in government subsidies received[26] - The company's long-term deferred expenses increased by 55.40% to CNY 16,815,630.04, primarily for the renovation of employee dormitories and factories[21] - The company's short-term borrowings decreased by 41.18% to CNY 50,000,000.00, as a result of repayment of bank loans[29] Compliance and Governance - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[49][53] - The company continues to expand production capacity and market development, contributing to expected growth in sales volume and revenue[51] - The company has conducted self-inspections regarding insider trading related to its incentive plan and found no violations[43]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,015,949,531.39, representing a 32.95% increase compared to CNY 764,146,047.05 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 103,263,105.75, up 39.10% from CNY 74,239,064.27 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 95,407,332.67, reflecting a 25.98% increase from CNY 75,730,999.40 in the previous year[18]. - The net cash flow from operating activities was CNY 124,271,672.66, which is a 19.99% increase compared to CNY 103,566,284.29 in the same period last year[18]. - The basic earnings per share for the first half of 2018 was CNY 0.72, a 4.35% increase from CNY 0.69 in the previous year[18]. - The cost of goods sold increased by 35.87% to ¥786,712,733.36, corresponding to the rise in sales revenue[55]. - The gross profit margin for PCB manufacturing was 19.85%, showing a slight decrease of 1.97% compared to the previous year[59]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,974,140,568.68, a 1.34% increase from CNY 2,934,724,906.99 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were CNY 2,021,445,576.30, which is a 2.99% increase from CNY 1,962,838,590.55 at the end of the previous year[18]. - The company's total liabilities amounted to CNY 952,694,992.38, down from CNY 971,886,316.44, indicating a decrease of about 2.0%[159]. - Total current liabilities decreased to CNY 924,426,277.50 from CNY 954,861,529.08, showing a reduction of approximately 3.2%[159]. Investment and R&D - R&D investment for the first half of 2018 was ¥38,434,100, accounting for 3.78% of the company's revenue[48]. - The company holds a total of 196 patents, including 22 invention patents, reflecting its strong technological capabilities and R&D strength[39]. - Research and development expenses rose by 28.53% to ¥38,434,093.41, reflecting the company's efforts to expand capacity and production[55]. Market Position and Strategy - The company aims to enhance its production capabilities for multi-layer and HDI boards, as well as introduce automotive electronic circuit board production lines to achieve economies of scale[33]. - The company has established a leading position in the PCB industry, ranking 12th among domestic enterprises in the 2017 China Electronic Circuit Industry Rankings[33]. - The company’s strategic focus is on optimizing order structure and developing high-value clients to enhance long-term profitability and shareholder returns[29]. Cash Flow and Financial Management - The company's cash and cash equivalents decreased by 76.78% compared to the beginning of the period, mainly due to idle raised funds being used to purchase financial products[35]. - The ending balance of cash and cash equivalents was CNY 221,459,525.14, down from CNY 107,714,052.21 in the previous period[175]. - Cash inflow from other investment activities was CNY 1,377,882,054.19, a substantial increase from CNY 79,434,288.54 in the previous period[174]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,763[142]. - The largest shareholder, Shenzhen Beidian Investment Co., Ltd., holds 55.54% of the shares, totaling 80 million shares[142]. - The total number of shares outstanding is 144,052,000[139]. Social Responsibility and Environmental Impact - The company is committed to fulfilling its social responsibility in poverty alleviation and has implemented plans to support this initiative[130]. - The company donated 1 million yuan for targeted poverty alleviation and provided additional support of 62,000 yuan to special groups[131]. - The company has established advanced pollution control facilities and achieved 100% compliance in pollutant discharge during the first half of 2018, with operational costs amounting to ¥9.4833 million[128]. Risk Management - The company has detailed risk factors and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[5]. - The company is facing risks from global economic fluctuations that may impact its main business revenue and net profit growth[90]. - The company plans to strengthen capital management and focus on technological research and innovation to mitigate risks from raw material price fluctuations[91].