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 ...