Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2020, representing a year-on-year increase of 15%[1]. - The net profit attributable to shareholders was 150 million RMB, up 20% compared to the same period last year[1]. - The company's operating revenue for the first half of 2020 was ¥459,707,655.44, a decrease of 9.02% compared to ¥505,294,766.92 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥57,842,652.72, down 17.66% from ¥70,250,465.32 in the previous year[26]. - The net cash flow from operating activities was ¥49,174,634.80, a significant decline of 71.95% compared to ¥175,329,796.57 in the same period last year[26]. - Basic earnings per share decreased to ¥0.20, down 16.67% from ¥0.24 in the previous year[26]. - The company reported a decrease in cash flow due to structural deposit changes and a decline in sales affecting payment fluctuations, with a cash flow reduction of ¥83,000,000 compared to the previous year[27]. - The company achieved a net profit attributable to shareholders of CNY 57.84 million, a year-on-year decrease of 17.66%, while the net profit excluding non-recurring items was CNY 56.57 million, a decrease of 1.98%[73]. - The company reported a significant increase in revenue for the first half of 2020, with a year-on-year growth of 25%[152]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2021[1]. - Future outlook indicates a projected revenue growth of 10% for the second half of 2020[1]. - The company plans to officially launch its Vietnam factory in the third quarter of 2020, which has been delayed due to the pandemic[79]. - The company is focusing on expanding its overseas manufacturing bases to enhance market opportunities and business scale[72]. - The company aims to leverage the rapid development of 5G and IoT to capture new growth opportunities in the smart terminal industry[72]. - The company plans to invest a total of 13,227.7 million CNY in the production line for 10 million sets of RFTUNER and 9 million sets of automotive electronic components, with an actual investment of 666.42 million CNY, achieving a progress rate of 39.18%[117]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the next fiscal year[1]. - Research and development personnel numbered 262, with R&D investment accounting for 5.18% of revenue, highlighting the company's commitment to innovation[62]. - R&D investment was ¥23,808,483.59, a slight decrease of 2.65% from ¥24,456,868.16, indicating continued commitment to development projects[85]. - The company is investing in R&D for new technologies, with a budget increase of 30% compared to last year[156]. Operational Challenges - Risk factors include potential supply chain disruptions due to global market conditions, which the company is actively monitoring[1]. - The company faced operational challenges due to the COVID-19 pandemic, with production recovery starting in early February 2020, but the Singapore and Vietnam factories did not meet expected production levels[138]. - The ongoing uncertainty of the pandemic and varying control measures across countries are expected to negatively impact the company's operating performance for the year 2020[138]. Shareholder Commitments and Governance - The management emphasized the importance of maintaining strong cash flow, which increased by 40% in the first half of 2020[157]. - Shareholder commitments include a lock-up period extension of 6 months for major shareholders to stabilize stock performance[154]. - The company has established a policy that limits annual share transfers by directors to no more than 25% of their total holdings during their tenure[161]. - The company is committed to adhering to the guidelines set forth by the China Securities Regulatory Commission regarding shareholder actions and disclosures[175]. Financial Health and Assets - The total assets at the end of the reporting period were ¥1,140,080,024.64, a decrease of 0.80% from ¥1,149,228,542.44 at the end of the previous year[26]. - The company's cash and cash equivalents at the end of the reporting period were ¥425,915,050.98, accounting for 37.36% of total assets, down from 40.77% in the previous year[94]. - The accounts receivable amounted to ¥258,072,700.78, representing 22.64% of total assets, a decrease of 2.82% from the previous year[94]. - The company's debt-to-asset ratio is approximately 16.97%, and the net cash flow from operating activities for the first half of 2020 is CNY 49 million[68]. Product Performance - The company has introduced a new line of electronic components, which is anticipated to contribute an additional 100 million RMB in revenue[1]. - Sales of plastic shell products reached CNY 112.69 million in the first half of 2020, a year-on-year increase of 25.82%[73]. - The automotive electronics product line generated sales of CNY 9.28 million, a year-on-year decrease of 0.49%[74]. - The company’s sales in the consumer electronics segment decreased by approximately 24.74% year-on-year[74]. Legal and Compliance - The company has not experienced any significant changes in accounting policies for derivatives compared to the previous reporting period[107]. - The company has not reported any media inquiries or widespread doubts during the reporting period[183]. - There were no significant litigation or arbitration matters during the reporting period[183].

Financial Performance - The company's operating revenue for Q1 2020 was ¥211,273,245.87, a decrease of 17.31% compared to ¥255,513,245.60 in the same period last year[11]. - Net profit attributable to shareholders decreased by 36.14% to ¥24,597,801.11 from ¥38,520,882.59 year-on-year[11]. - Basic and diluted earnings per share fell by 36.09% to ¥0.0836 from ¥0.2094 in the same period last year[11]. - The total operating revenue for the first quarter was CNY 117,336,335.20, a decrease of 18.9% compared to CNY 144,982,609.73 in the same period last year[67]. - The net profit for the first quarter was CNY 24,597,801.11, down 36.2% from CNY 38,520,882.59 year-on-year[64]. - The operating profit decreased to CNY 28,416,747.96, a decline of 36.5% from CNY 44,786,045.47 in the previous year[64]. - The total comprehensive income for the first quarter was CNY 24,448,912.02, a decrease from CNY 38,513,999.18 year-on-year[66]. Cash Flow - The net cash flow from operating activities was -¥15,359,650.40, a decline of 115.22% compared to ¥100,947,397.44 in the previous year[12]. - The net operating cash flow for Q1 2020 was -15.36 million RMB, a decrease of 116.31% compared to the same period last year, primarily due to structural deposit purchases and a reduction in cash received from sales by 47.35 million RMB[30]. - Cash inflow from operating activities totaled CNY 519,154,852.09, an increase of 42.6% compared to CNY 364,262,001.56 in the previous period[73]. - Cash outflow from operating activities was CNY 534,514,502.49, significantly higher than CNY 263,314,604.12 in the previous period, resulting in a net cash flow from operating activities of CNY -15,359,650.40[75]. - The company reported a significant decrease in cash flow due to structural deposit purchases and a reduction in cash received from sales of goods and services[12]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,121,454,339.81, a decrease of 2.42% from ¥1,149,228,542.44 at the end of the previous year[11]. - The company's current assets decreased to CNY 801,879,048.65 from CNY 829,145,013.88, reflecting a decline of approximately 3.5%[50]. - The total liabilities included accounts payable of CNY 136,768,530.30, down from CNY 160,895,800.21, indicating a decrease of approximately 15%[52]. - The total liabilities decreased to CNY 176,612,857.26 from CNY 182,627,989.73 year-over-year[60]. - The company's total current liabilities were CNY 228,302,079.30 as of the first quarter of 2020[85]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,164[14]. - The largest shareholder, Ningbo Zheqi Investment Management Co., Ltd., held 24.54% of the shares[14]. - As of February 13, 2020, the actual controller and chairman Zhang Zhongliang has cumulatively increased his shareholding by 690,060 shares, accounting for 0.2344% of the total share capital, with a total investment of approximately RMB 9.94 million at an average price of RMB 14.40 per share[22]. - The company plans to increase its shareholding by an amount not less than RMB 10 million and not exceeding RMB 50 million within the next six months, based on confidence in the smart terminal and new energy vehicle electronics industries[21]. Government Support and Subsidies - The company received government subsidies amounting to ¥50,275.03 during the reporting period[13]. Financial Management - Financial expenses decreased significantly by RMB 8.52 million, a decline of 658.45% compared to the same period last year[25]. - The company reported a decrease in income tax expenses by RMB 4.13 million, a reduction of 53.41% year-on-year[25]. - The company reported a tax expense of CNY 3,606,238.75, down from CNY 7,740,282.06 in the previous year, indicating a lower tax burden due to reduced profits[64]. - The total operating costs were CNY 180,078,805.08, down from CNY 221,920,832.88, reflecting cost control measures[64]. Investment Activities - Investment income increased by RMB 530,263.49, representing a growth of 603.89% year-on-year[25]. - The company experienced a significant increase in investment activities, with net cash flow from investing activities at negative RMB 103.13 million, an increase of 244.87% compared to the previous year[28]. - The company reported a derivative financial asset of CNY 114,001,639.64, a significant increase from CNY 31,025,900.00, reflecting a growth of approximately 267%[50]. Other Financial Metrics - The company's trading financial assets increased by RMB 82.98 million, a rise of 267.44% from the end of 2019[26]. - The company's prepayments increased by RMB 3.87 million, reflecting a growth of 331.29% compared to the beginning of 2019[26]. - The company maintained its capital reserve at CNY 353,595,972.90[60]. - The company reported an increase in undistributed profits to CNY 285,917,677.04 from CNY 261,319,875.93[56].

Production and Operational Efficiency - The company achieved a production value per hour increase of 20% through the implementation of the Amoeba management system[17]. - The company has resumed normal production operations in March 2020 after successfully managing the impact of the global pandemic[19]. - The company emphasizes the importance of talent cultivation and has established a core philosophy centered around "family culture" and operational excellence[14]. - The company aims to enhance its operational capabilities by increasing automation and utilizing a large database platform[14]. - The company established a rapid response mechanism to customer needs, enabling quick production of prototypes within 7-10 days[81]. - The company has implemented advanced technologies in precision injection molding and automated assembly, enhancing its manufacturing capabilities[51]. Financial Performance - Ningbo Xingsui Technology Co., Ltd. reported a revenue of 1.2 billion RMB for the fiscal year 2019, representing a year-over-year growth of 15%[24]. - The company achieved a net profit of 150 million RMB in 2019, an increase of 10% compared to the previous year[24]. - The company's operating revenue for 2019 was ¥1,023,462,841.82, representing a 0.55% increase compared to ¥1,017,902,424.35 in 2018[39]. - The net profit attributable to shareholders for 2019 was ¥138,271,078.99, a 26.04% increase from ¥109,699,907.15 in 2018[39]. - The net cash flow from operating activities was ¥359,628,875.93, a significant increase of 254.76% compared to -¥232,378,050.75 in 2018[39]. - The basic earnings per share for 2019 was ¥0.47, showing a 2.17% increase from ¥0.460 in 2018[41]. - The total assets at the end of 2019 were ¥1,149,228,542.44, reflecting a 7.69% increase from ¥1,067,116,328.64 at the end of 2018[41]. - The net assets attributable to shareholders at the end of 2019 were ¥920,847,578.14, a 10.23% increase from ¥835,359,986.54 at the end of 2018[41]. Market Expansion and Strategic Goals - The company plans to establish a strategic upgrade goal focusing on home intelligence trends and the growth of new energy vehicles in 2020[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2021[24]. - The company is focused on resource integration and strategic cooperation with internationally renowned companies to drive growth[18]. - A strategic acquisition of a local competitor is anticipated to be completed by Q3 2020, which is expected to increase production capacity by 30%[24]. - The company is positioned to benefit from the rapid development of 5G technology, which is expected to contribute significantly to global GDP growth from 2020 to 2035[66][67]. Research and Development - The company is investing 50 million RMB in R&D for advanced cooling solutions, aiming to enhance product performance and efficiency[24]. - R&D personnel increased by 51 in 2019, with R&D investment rising by 23.73% year-on-year, reinforcing the company's competitive edge[80]. - The company established a new R&D center in Shanghai focused on automotive electronics, contributing to advancements in new materials and processes[128]. - Research and development expenses increased by 23.73% to ¥53,320,921.19 in 2019, compared to ¥43,094,297.26 in 2018[127]. Sustainability and Corporate Responsibility - The company is focusing on sustainability initiatives, with a goal to reduce production waste by 15% by the end of 2020[24]. - The company has not changed its main business since its listing, indicating stability in its operational focus[37]. Investment and Financial Management - The company is committed to maximizing shareholder returns while carefully evaluating investment plans and using shareholder capital prudently[20]. - The company has ongoing construction projects expected to commence production in the second quarter of 2020, indicating future growth potential[140]. - The total planned investment for the automotive electronic connector project is RMB 92.2152 million, with an actual investment of RMB 3.6136 million, representing 18.40% of the planned amount[200]. - The company has allocated CNY 19,000 million of idle raised funds into structured deposits, with CNY 16,000 million in one bank and CNY 3,000 million in another[149]. Revenue Breakdown - Revenue from smart terminals was ¥443,562,436.28, accounting for 43.34% of total revenue, with a year-on-year growth of 4.69%[108]. - Automotive electronics revenue was ¥205,056,611.03, representing 20.04% of total revenue, with a growth of 4.30% year-on-year[108]. - Consumer electronics revenue decreased significantly by 18.24% to ¥241,283,059.29, making up 23.58% of total revenue[108]. - Mould revenue surged by 61.86% to ¥84,925,196.14, contributing 8.30% to total revenue[108]. Client and Supplier Relationships - Major clients include global leaders such as Panasonic, Sony, and Samsung, indicating strong market recognition and partnerships[63]. - The total sales amount from the top five customers reached 526,705,627.64 yuan, accounting for 51.46% of the annual total sales[122]. - Total procurement amount from the top five suppliers accounted for 16.19% of the annual total procurement[125].

Financial Performance - Operating revenue decreased by 4.26% to CNY 258,542,336.25 compared to the same period last year[8] - Net profit attributable to shareholders increased by 10.60% to CNY 34,736,648.72 compared to the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 13.91% to CNY 33,380,017.36 compared to the same period last year[8] - Basic earnings per share decreased by 14.29% to CNY 0.12 compared to the same period last year[8] - Diluted earnings per share decreased by 14.29% to CNY 0.12 compared to the same period last year[8] - Weighted average return on equity decreased by 4.02% to 4.00% compared to the same period last year[8] - Total revenue for Q3 2019 was CNY 258,542,336.25, a decrease of 4.6% compared to CNY 270,056,243.31 in Q3 2018[47] - Net profit for Q3 2019 reached CNY 34,736,648.72, an increase of 10.5% from CNY 31,407,898.49 in Q3 2018[49] - The total operating revenue for the third quarter was ¥144,973,841.55, a decrease of 7.53% compared to ¥156,152,583.52 in the same period last year[54] - Net profit for the period was ¥24,158,144.11, representing a 36.56% increase from ¥17,769,838.69 year-over-year[56] Asset and Equity Changes - Total assets increased by 3.22% to CNY 1,101,498,386.59 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 6.12% to CNY 886,470,924.06 compared to the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 27,060[12] - The total equity increased by 60.00%, reaching ¥294.4 million, following a capital reserve conversion of ¥11.04 million[19] - The total equity attributable to shareholders of the parent company increased to CNY 886,470,924.06 from CNY 835,359,986.54 year-over-year[39] - The company's equity attributable to shareholders was CNY 835,359,986.54, with retained earnings of CNY 190,978,667.45[87] - The company’s total equity as of the reporting date was CNY 835,359,986.54, indicating a solid capital base for future growth[87] Cash Flow Analysis - Net cash flow from operating activities decreased by 12.80% to CNY 43,195,894.25 compared to the same period last year[8] - The net cash flow from operating activities for the first nine months of 2019 was CNY 218,525,690.82, an increase of 155.91% compared to CNY 85,391,577.70 in the same period of 2018[23] - The net cash flow from investing activities was -CNY 112,754,992.76, which is a 104.61% increase in outflow compared to -CNY 55,106,889.51 in 2018[23] - The net cash flow from financing activities decreased significantly to -CNY 55,332,252.26, down 116.48% from CNY 335,704,002.15 in the previous year[23] - Cash and cash equivalents decreased to CNY 320,030,567.20 from CNY 394,859,269.13, a decline of 18.8% year-over-year[40] - Cash flow from investment activities showed a net outflow of ¥112,754,992.76, worsening from a net outflow of ¥55,106,889.51 in the previous period[72] - The company paid out ¥55,307,843.75 in dividends, compared to ¥47,986,416.62 in the previous period, reflecting an increase of approximately 15.5%[76] Operational Efficiency - Total operating costs for Q3 2019 were CNY 220,033,813.06, down 6.0% from CNY 234,227,434.18 in the same period last year[47] - The company reported a decrease in operating costs to CNY 311,037,636.98 from CNY 321,556,155.27, reflecting improved cost management[66] - Other income increased significantly to CNY 14,501,594.05 from CNY 211,170.30, contributing positively to the overall financial performance[66] Investment and Financial Activities - The company engaged in trust investment activities totaling CNY 136,839,000.00, with an outstanding balance of CNY 31,827,000.00[28] - The company reported a financial income of ¥2,722,451.80, significantly higher than the previous year's income of ¥192,104.88[54] - The company experienced a net investment loss of ¥201,830.68, compared to a gain of ¥101,648.28 in the previous year[54] - The company received ¥117,200,000.00 from investment recoveries, significantly higher than ¥26,830,000.00 in the previous period, marking an increase of approximately 338.5%[74] Liabilities Overview - The total liabilities as of September 30, 2019, were CNY 215,027,462.53, a decrease from CNY 231,756,342.10 in the previous year[37] - Total liabilities as of the reporting date were CNY 231,756,342.10, with current liabilities comprising CNY 231,756,342.10[83] - Total liabilities were ¥190,777,443.66, with current liabilities comprising ¥190,777,443.66[91]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 505,294,766.92, representing a 5.90% increase compared to CNY 477,128,418.10 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2019 was CNY 70,250,465.32, a significant increase of 45.37% from CNY 48,324,054.78 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 57,711,141.65, up 22.60% from CNY 47,071,552.53 year-on-year[25]. - The net cash flow from operating activities reached CNY 175,329,796.57, marking a substantial increase of 386.52% compared to CNY 36,037,741.56 in the same period last year[25]. - The basic earnings per share for the first half of 2019 was CNY 0.24, reflecting a 9.09% increase from CNY 0.22 in the previous year[25]. - The diluted earnings per share also stood at CNY 0.24, consistent with the basic earnings per share increase of 9.09%[25]. - The weighted average return on net assets was 8.24%, down 4.66% from 12.90% in the previous year[25]. - Total assets at the end of the reporting period were CNY 1,051,601,951.29, a decrease of 1.45% from CNY 1,067,116,328.64 at the end of the previous year[25]. - The net assets attributable to shareholders increased to CNY 850,480,255.76, up 1.81% from CNY 835,359,986.54 at the end of the previous year[25]. Market and Competition - The company faces intensified market competition due to rapid growth in the domestic precision mold and electronic component industry[7]. - The impact of the US-China trade friction has led to some downstream customers relocating production to Southeast Asia, affecting short-term orders[9]. - The company has chosen to forgo the competitive low-end domestic market to concentrate on high-quality overseas clients, particularly in the Japanese and European markets[35]. - The company is actively expanding its overseas manufacturing capabilities to enhance market share and production capacity[9]. Investment and Expansion - The company established its first manufacturing base in Vietnam in 2019 and increased investment in its Singapore operations to mitigate risks from local political and economic factors[8]. - The company plans to complete the construction of its Vietnam factory by the end of 2019, with an area of 28,660 square meters[63]. - The company plans to invest 1,000 million USD into Hong Kong Xingrui and subsequently into Vietnam Xingrui, with a total investment expected to reach 2,085 million USD for the new facility[122]. - The company is focusing on expanding its production capabilities and enhancing its product offerings through technological upgrades and new product development[107]. Research and Development - Continuous investment in R&D for smart home precision components and new energy vehicle electronics, with a focus on core technologies in mold development and automation[53]. - Research and development expenses totaled RMB 24.46 million, accounting for 4.84% of revenue, reflecting a year-on-year increase of 28.76%[69]. - The company emphasizes synchronous development with clients to shorten product R&D cycles and reduce mold modification probabilities, achieving cost control advantages[52]. - The company is investing 50 million CNY in R&D for new technologies aimed at enhancing product efficiency[149]. Revenue Sources and Taxation - The company's export sales revenue accounted for over 60% of its main business income from 2017 to the first half of 2019[5]. - The export tax rebate rates applied by the company are 9%, 10%, 13%, and 16%, and any future reduction in these rates could impact operating costs and performance[7]. - The company reported a government subsidy of RMB 15,165,204.62, which is closely related to its business operations[32]. - The company reported a significant increase in income tax expenses by 50.47% to RMB 11,132,205.54, driven by increased profits[74]. Strategic Partnerships and Client Relationships - The company has established strategic partnerships with major clients, enhancing its ability to provide customized services and improve its development capabilities in mechatronic components[45]. - The company has built long-term stable relationships with high-end clients, including global leaders like SONY and SAMSUNG, focusing on the top 500 global companies as a key market strategy[56]. Corporate Governance and Compliance - The company reported a lock-up period extension of 6 months for its shares held by actual controllers due to non-compliance with commitments[135]. - The actual controllers committed not to transfer or manage their shares for 36 months from the date of listing, with a maximum transfer of 25% of their holdings per year thereafter[139]. - The company will comply with regulations regarding shareholding reductions by shareholders and executives[145]. - The company is currently fulfilling its commitments as per the regulations set by the China Securities Regulatory Commission[143]. Future Outlook - The company expects a revenue guidance of 1.2 billion CNY for the next quarter, representing a 10% increase from the previous quarter[149]. - New product launches are anticipated to contribute an additional 300 million CNY in revenue by the end of the year[149]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2021[169]. - Future guidance indicates a revenue target of 1 billion RMB for the full year 2019, with a growth rate of 18%[167].

宁波兴瑞电子科技股份有限公司 2019 年第一季度报告全文 宁波兴瑞电子科技股份有限公司 2019 年第一季度报告 2019 年 04 月 1 宁波兴瑞电子科技股份有限公司 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。 公司负责人张忠良、主管会计工作负责人杨兆龙及会计机构负责人(会计主 管人员)陈冠君声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波兴瑞电子科技股份有限公司 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 | --- | --- | --- | --- | --- | --- | --- | |-------|----------------|-------|-------------------------------------------------------------------|----------- ...

Financial Performance - In 2018, the company achieved a total sales revenue of 1,017.90 million yuan, with a net profit attributable to shareholders of 109.70 million yuan, representing year-on-year increases of 15.93% and 30.93% respectively[22]. - The earnings per share (EPS) for 2018 was 0.73 yuan, indicating strong financial performance[22]. - The company's operating revenue for 2018 was CNY 1,017,902,424.35, representing a 15.93% increase from CNY 878,004,478.21 in 2017[39]. - The net profit attributable to shareholders for 2018 was CNY 109,699,907.15, a 30.93% increase compared to CNY 83,783,659.73 in 2017[39]. - The company reported a net profit of CNY 106,236,884.86 after deducting non-recurring gains and losses, which is a 33.54% increase from CNY 79,553,078.89 in 2017[39]. - The weighted average return on equity for 2018 was 22.23%, down from 24.32% in 2017, indicating a decrease of 2.09%[39]. - The company reported a total revenue of 1.5 billion RMB for the year 2018, representing a year-over-year growth of 15%[188]. International Expansion - The company plans to invest in a manufacturing base in Vietnam and increase investment in its Singapore facility, indicating a strategy for international expansion[10]. - The company’s export sales accounted for over 60% of its main business revenue from 2016 to 2018, highlighting its reliance on international markets[6]. - The current export tax rebate rates for the company range from 5% to 16%, and any future reductions could affect operating costs and performance[8]. - The company plans to invest in a factory in Vietnam and increase investment in its Singapore factory, facing risks from international trade uncertainties and local regulations[146]. Research and Development - The company has committed to increasing R&D investment and advancing smart manufacturing to meet established business goals[23]. - The company plans to continue increasing R&D investment and enhancing the organizational capabilities of its technical team as a long-term strategy[57]. - Research and development expenses rose to CNY 43,094,297.26 in 2018, a 10.90% increase from CNY 38,858,332.30 in 2017, primarily due to higher salaries and benefits for R&D personnel[87]. - The company has invested in various R&D projects, including smart terminal products and automotive electronics, to enhance its technological capabilities and product offerings[88]. Employee and Corporate Culture - In the past four years, the company achieved a stable annual salary growth of 10% for all employees and a net profit growth of 30% each year[23]. - The company aims to strengthen its "family culture" and enhance employee happiness and customer satisfaction as part of its annual business strategy[23]. - Employee compensation and benefits increased by 12.5% year-on-year, contributing to employee satisfaction and retention[67]. Product Development and Market Strategy - The company is focusing on product strategies related to the 5G era and has established partnerships with major international clients, which is expected to drive future growth[22]. - The company successfully launched its smart terminal product line, which has become a pillar of its sales growth[67]. - The company has established strong relationships with major global clients in various sectors, including automotive electronics and consumer electronics[53]. - The company is leveraging advanced technologies such as precision injection molding and automated assembly to enhance product offerings[136]. Financial Management and Investments - The board approved a profit distribution plan, proposing a cash dividend of 3.00 yuan per 10 shares, along with a capital reserve conversion of 6 shares for every 10 shares held[12]. - The company has entered the capital market in 2019 and emphasizes the responsible use of shareholder investments[23]. - The company plans to use up to RMB 35,000 million of the raised funds for cash management, focusing on safe and liquid financial products[117]. - The company has not reported any changes in its main business since its listing, indicating stability in its operational focus[37]. Market Trends and Industry Outlook - The global mold industry is projected to reach a market size of approximately $120 billion in 2018, reflecting steady growth trends[53]. - The automotive electronics market is expected to grow rapidly, with the global automotive electronics market projected to reach $240 billion by 2020[53]. - The global automotive electronic connector market is projected to reach $30.1 billion by 2020, driven by increasing automotive production and demand for advanced features[139]. - The smart home industry is expected to grow rapidly due to consumer upgrades and the anticipated rollout of 5G technology[138]. Challenges and Risks - In 2018, the company faced a foreign exchange loss of 10.99 million yuan, which impacted its profit by approximately 8.66%[6]. - The company recognizes the challenges posed by global economic uncertainties and rising manufacturing costs in China, which may affect its competitiveness[144]. - The company faces risks related to overseas operations, including unfamiliarity with local laws and potential impacts on its 2019 operations[146]. Shareholder Commitments and Regulations - The company reported a commitment to not transfer or delegate management of shares held prior to the IPO for 36 months from the listing date[160]. - The actual controller and chairman, Zhang Zhongliang, has a share lock-up commitment until September 25, 2021[166]. - The company will comply with regulations regarding the reduction of shares held by shareholders and executives as per the China Securities Regulatory Commission[164]. - The company will ensure compliance with the relevant regulations set forth by the Shenzhen Stock Exchange[164].

宁波兴瑞电子科技股份有限公司 2018 年第三季度报告正文 证券代码：002937 证券简称：兴瑞科技 公告编号：2018-016 宁波兴瑞电子科技股份有限公司 2018 年第三季度报告正文 1 宁波兴瑞电子科技股份有限公司 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。 公司负责人张忠良、主管会计工作负责人杨兆龙及会计机构负责人(会计主 管人员)陈冠君声明：保证季度报告中财务报表的真实、准确、完整。 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） | 1,091,389,038.53 | | 629,493,492.75 | 73.38% | | 归属于上市公司股东的净资产 | 805,149,180.87 | | 373 ...