Financial Performance - The company's revenue for Q1 2022 was ¥262,537,977.84, a decrease of 19.57% compared to ¥326,427,309.56 in the same period last year[8] - Net profit attributable to shareholders was ¥46,031,932.41, down 43.01% from ¥80,777,245.22 year-on-year[8] - Total operating revenue for Q1 2022 was CNY 262,537,977.84, a decrease of 19.6% compared to CNY 326,427,309.56 in Q1 2021[31] - Net profit for Q1 2022 was CNY 46,596,243.97, a decline of 43.5% from CNY 82,359,542.05 in Q1 2021[33] - Earnings per share for Q1 2022 were CNY 0.33, compared to CNY 0.58 in Q1 2021[34] Cash Flow - The net cash flow from operating activities was -¥29,237,887.77, a decline of 628.76% compared to ¥5,529,523.34 in the previous year[8] - Total cash inflow from operating activities was 277,134,129.63 CNY, down from 292,275,304.66 CNY year-over-year[38] - Cash outflow from operating activities totaled 306,372,017.40 CNY, compared to 286,745,781.32 CNY in the previous year[38] - Cash flow from investment activities showed a net outflow of -383,770,546.90 CNY, worsening from -73,627,986.91 CNY year-over-year[39] - The net cash flow from financing activities was -12,299,930.51 CNY, compared to an inflow of 30,434,380.00 CNY in the previous year[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,404,330,311.32, a decrease of 1.68% from ¥2,445,331,230.57 at the end of the previous year[8] - Total liabilities as of Q1 2022 amounted to CNY 742,489,384.68, a decrease from CNY 820,699,739.81 in the previous year[29] - The company's cash and cash equivalents decreased to CNY 697,872,922.42 from CNY 1,038,049,431.95, representing a decline of about 32.8%[26] - The total current assets were reported at CNY 1,925,410,577.97, down from CNY 1,977,744,881.30, indicating a decrease of approximately 2.6%[26] - The company's inventory decreased slightly to CNY 262,360,608.90 from CNY 267,618,736.99, a reduction of about 2.0%[26] Investments and Subsidiaries - The company established a wholly-owned subsidiary, Nanjing BoXin Technology Co., Ltd., with a registered capital of CNY 50 million, completed in March 2022, to expand into the semiconductor testing field[23] - The company set up a subsidiary in Mexico, Bojay Electronics S. de R.L. de C.V., with a registered capital of 9.8 million Mexican pesos, to further expand its North American business[23] - The company reported a total of CNY 80,100,245.37 in long-term equity investments, an increase from CNY 79,494,382.15 at the beginning of the year[27] - The company’s fixed assets increased to CNY 55,446,247.78 from CNY 47,988,369.42, reflecting a growth of approximately 15.5%[27] Expenses - The weighted average return on equity decreased to 2.84%, down 2.97 percentage points from 5.81% in the previous year[8] - The company reported a significant increase in financial expenses, which rose by 279.82% to ¥5,916,888.69 due to interest expenses on convertible bonds[16] - Total operating costs for Q1 2022 were CNY 224,996,666.14, down 5.2% from CNY 237,283,962.89 in the previous year[31] - Research and development expenses for Q1 2022 were CNY 29,019,535.79, down from CNY 34,272,586.06 in Q1 2021, indicating a reduction of 15.4%[31] - Financial expenses for Q1 2022 were CNY 5,916,888.69, compared to a financial income of CNY 3,290,435.78 in Q1 2021[31] Other Income - Other income increased by 138.06% to ¥8,346,923.64, primarily due to an increase in government subsidies received[16] - Investment income rose by 71.71% to ¥4,402,607.51, mainly from forward exchange settlements and financial management gains[16] - The company reported an investment income of CNY 4,402,607.51 for Q1 2022, an increase from CNY 2,563,977.85 in the previous year[31] - Other comprehensive income for Q1 2022 showed a net loss of CNY 141,541.41, contrasting with a gain of CNY 594,324.06 in Q1 2021[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,171[18] - The company did not engage in any repurchase transactions during the reporting period, as confirmed by the absence of such activities among the top shareholders[21]

Financial Performance - The company's operating revenue for 2021 was ¥1,214,036,104.64, a decrease of 11.77% compared to ¥1,375,964,707.52 in 2020[23]. - The net profit attributable to shareholders for 2021 was ¥243,262,976.96, down 28.71% from ¥341,245,124.96 in 2020[23]. - The net profit after deducting non-recurring gains and losses was ¥213,377,909.70, a decline of 33.76% compared to ¥322,120,053.05 in 2020[23]. - The basic earnings per share for 2021 was ¥1.75, a decrease of 29.44% from ¥2.48 in 2020[23]. - The total assets at the end of 2021 were ¥2,445,331,230.57, an increase of 44.87% from ¥1,687,922,991.26 at the end of 2020[23]. - The net assets attributable to shareholders at the end of 2021 were ¥1,597,897,220.86, up 18.46% from ¥1,348,894,293.97 at the end of 2020[23]. - The company's non-operating income for 2021 was CNY 29,885,067.26, a significant increase of 56.2% compared to CNY 19,125,071.91 in 2020[34]. - The government subsidies recognized in the current period amounted to CNY 18,340,051.02, up from CNY 13,733,206.78 in 2020, reflecting a growth of 33.5%[34]. - The revenue from the top five customers decreased by 30.88% compared to the previous year[120]. - Domestic sales revenue increased by 14.45%, while foreign sales revenue decreased by 25.12%[120]. - The gross profit margin for the main business was 49.24%, a decrease of 4.03 percentage points from the previous year[121]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 3.50 RMB per 10 shares to all shareholders based on a total share capital of 139,688,000 shares as of December 31, 2021[5]. Governance and Compliance - The company has a comprehensive governance structure with all board members present for the report's approval[4]. - The financial report is guaranteed to be true, accurate, and complete by the company's responsible personnel[4]. - The management emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks[5]. Research and Development - R&D expenses increased by 12.01% to 141 million yuan, accounting for 11.64% of total revenue, up 2.47 percentage points year-on-year[121]. - The number of R&D personnel increased by 24.01% to 408, with R&D personnel now constituting 18.44% of the total workforce[148]. - The company holds 411 domestic patents and 8 foreign patents, along with 141 software copyrights[108]. - The company is focusing on modular product solutions to balance production cycles and reduce R&D costs[117]. - The company has continuously innovated in testing equipment, extending its capabilities from electrical testing to acoustic, optical, and RF testing solutions[64]. Market and Industry Trends - The global industrial automation equipment market reached USD 218 billion in 2019, with a compound annual growth rate (CAGR) of approximately 4%[45]. - The domestic industrial automation market size was CNY 186.5 billion in 2019, with a CAGR exceeding 7%[46]. - The global smartphone shipment in 2021 was 1.355 billion units, representing a year-on-year growth of 5.7%[48]. - The cloud infrastructure service market in mainland China reached a size of $27.4 billion in 2021, with an expected growth to $85 billion by 2026, representing a compound annual growth rate (CAGR) of 25%[49]. - The Chinese capacitor industry is projected to grow from ¥121.4 billion in 2021 to ¥151.3 billion by 2026, at a CAGR of approximately 4.5%[51]. Business Strategy and Operations - The company is focused on enhancing its business processes and performance through a lean management approach[15]. - The company is actively involved in the development of new technologies and products, particularly in the field of electronic testing[15]. - The company has established several subsidiaries, including Bojay Technologies, Inc. in the U.S. and Bojay Electronics (Hong Kong) Company Limited[11]. - The company aims to continuously explore new businesses and products to mitigate significant fluctuations between quarters and years[31]. - The company has been actively adapting its business structure to mitigate seasonal fluctuations in demand, particularly in the third quarter[38]. - The company operates under a platform and modular business model, focusing on customer needs and offering integrated solutions in fields such as acoustics and optics[97]. Client and Market Relationships - Major clients include Fortune 500 companies such as Apple, Microsoft, Google, and Qualcomm, with steady domestic client expansion recognized by companies like Lenovo and Xiaomi[69]. - The domestic customer base has steadily expanded, with recognition from companies such as Lenovo, Xiaomi, OPPO, and Vivo[60]. - The company has established production bases in the Pearl River Delta, Yangtze River Delta, and Southwest regions, and has set up sales and technical support in Taiwan, Southeast Asia, and North America[60]. Financial Management and Investments - The company reported a net cash flow from operating activities of CNY 96,764,267.00 in Q4 2021, indicating strong operational efficiency[37]. - The company reported a credit impairment loss of -1,789,349.95, which is sustainable due to the provision for bad debts[153]. - The company issued convertible bonds, resulting in an increase in payable bonds to 414,630,510.25, representing 16.96% of total liabilities[158]. - The company has not made any significant equity investments during the reporting period[164]. - The company plans to utilize idle raised funds and self-owned funds for wealth management products[163]. Risk Management - The company has implemented risk control measures to mitigate exchange rate fluctuations, including real-time monitoring of international market conditions[170]. - The company emphasizes the importance of managing accounts receivable to prevent overdue payments, which could lead to delivery risks in forward contracts[170]. - The company aims to avoid speculative trading in its forward settlement operations, focusing instead on hedging against exchange rate risks[170]. Future Outlook and Plans - The company plans to focus on expanding its presence in the MLCC industry and aims to become a leading supplier in the MLCC industry supply chain[187]. - The company will implement a business development plan for 2022, focusing on market expansion, cost reduction, talent development, and establishing incubation platforms[193]. - The company aims to transition from a provider of non-standard customized products to a supplier of standardized, high-end equipment, focusing on developing more standardized equipment products to meet customer automation line needs[186].

Financial Performance - The company's revenue for Q3 2021 was ¥365,452,065.94, a decrease of 43.91% compared to the same period last year[3] - Net profit attributable to shareholders was ¥127,587,405.66, down 42.55% year-on-year[4] - The basic and diluted earnings per share were both ¥0.92, reflecting a decline of 42.50% compared to the previous year[3] - Total operating revenue for Q3 2021 was ¥911,300,022.41, a decrease of 15.7% compared to ¥1,080,737,421.19 in the same period last year[24] - Net profit for Q3 2021 was ¥237,582,495.25, down 24.4% from ¥314,238,496.77 in the previous year[26] - Earnings per share (EPS) for Q3 2021 was ¥1.65, compared to ¥2.24 in the same period last year, indicating a decline of 26.4%[26] - The company reported a total comprehensive income of ¥237,985,407.32, down from ¥312,359,406.07, a decrease of 23.8%[26] Assets and Liabilities - Total assets increased to ¥1,834,807,368.00, representing an 8.70% increase from the end of the previous year[3] - The company's total liabilities increased to ¥329,004,629.67 from ¥322,899,980.35, marking a rise of 1.8%[25] - Total equity attributable to shareholders rose to ¥1,481,619,013.54 from ¥1,348,894,293.97, an increase of 9.8%[25] - Current assets amounted to CNY 1,476,976,844.41, up from CNY 1,391,610,613.05, indicating an increase of about 6.1% year-over-year[20] - Non-current assets totaled CNY 357,830,523.59, compared to CNY 296,312,378.21, showing a growth of around 20.7%[21] Cash Flow - Cash flow from operating activities for the year-to-date was ¥98,585,514.41, a decrease of 25.46% compared to the previous year[13] - Operating cash inflow for the current period was $906,475,850.11, an increase of 7.83% from $840,564,902.48 in the previous period[29] - Net cash flow from operating activities decreased to $98,585,514.41, down 25.49% from $132,253,046.76 in the previous period[29] - Cash inflow from investment activities totaled $1,314,783,210.20, significantly higher than $857,892,510.51 in the previous period, marking a 53.24% increase[30] - Cash inflow from financing activities was $67,922,908.00, down 87.69% from $549,049,628.95 in the previous period[30] Investments and Income - Investment income surged by 234.07% to ¥10,139,475.64, primarily from returns on wealth management products[11] - The company recorded investment income of ¥10,139,475.64, significantly higher than ¥3,035,164.45 in the previous year, reflecting a growth of 233.5%[25] - Cash received from investment income rose to $11,492,210.20, up from $5,887,129.55 in the previous period, reflecting a 95.00% increase[29] Operational Metrics - Total operating costs decreased to ¥676,432,047.67 from ¥716,236,247.69, reflecting a reduction of 5.5%[25] - Research and development expenses increased to ¥93,089,254.09, up 18.5% from ¥78,572,957.43 year-over-year[25] - The company reported a significant increase in contract assets, which rose by 433.02% to ¥10,538,756.63, mainly due to increased product warranty funds[10] - The company experienced a 90.91% decrease in notes receivable, totaling ¥4,529,226.94, due to the maturity of receivables[10] Strategic Initiatives - The company is actively pursuing land use rights and project investment agreements, as noted in recent announcements[18] - The company has received approval for the public issuance of convertible bonds, which is expected to enhance its capital structure[18] - The company is focusing on expanding its market presence through strategic land acquisitions and project investments[18]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥545,847,956.47, representing a 27.17% increase compared to ¥429,218,024.12 in the same period last year[18]. - The net profit attributable to shareholders was ¥101,940,081.74, up 20.44% from ¥84,639,788.10 in the previous year[18]. - Basic earnings per share increased by 17.74% to ¥0.73, compared to ¥0.62 in the previous year[18]. - The gross profit margin for the main business was 49.41%, a decrease from the previous year, influenced by intensified competition and rapid product updates[45]. - Operating profit for the first half of 2021 was ¥115,648,446.91, up 17.2% from ¥98,714,580.76 in the previous year[154]. - The company reported a total comprehensive income of ¥106,187,638.97, an increase from ¥88,733,840.36 in the previous year[155]. - The total operating costs for the first half of 2021 were ¥445,256,941.38, which is a 35.7% increase from ¥328,090,741.66 in the same period last year[154]. - The company achieved operating revenue of 545.85 million yuan, a year-on-year increase of 27.17%[47]. Cash Flow - The net cash flow from operating activities surged by 535.92% to ¥53,622,313.80, compared to ¥8,432,296.76 in the same period last year[18]. - Cash inflow from operating activities reached CNY 594,541,487.40, up from CNY 429,422,494.43 in the first half of 2020, indicating a growth of approximately 38.5%[160]. - Cash outflow from investing activities totaled CNY 908,344,615.55, compared to CNY 803,533,798.73 in the first half of 2020, reflecting an increase of about 13.1%[162]. - Cash flow from financing activities showed a net outflow of CNY 64,369,239.40, contrasting with a net inflow of CNY 501,976,006.45 in the first half of 2020[163]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,727,324,588.00, a 2.33% increase from ¥1,687,922,991.26 at the end of the previous year[18]. - Total liabilities increased to CNY 353,319,618.02 from CNY 322,899,980.35, reflecting a growth of about 9.4%[147]. - The company's equity attributable to shareholders reached CNY 1,354,001,283.20, a slight increase from CNY 1,348,894,293.97, indicating a growth of approximately 0.4%[147]. - The company's total liabilities decreased to ¥316,748,349.87 from ¥371,469,258.86, indicating a reduction of approximately 14.7%[154]. Research and Development - R&D expenses rose by 41.63% to 67.58 million yuan, driven by the company's commitment to technology-driven market strategies[48]. - The company has a strong R&D team of 837 personnel, holding 333 national patents and 144 software copyrights, focusing on advanced technologies in various fields[38]. - The company is actively developing high-value, versatile standard products to improve its product structure and explore new market opportunities[33]. Market and Business Strategy - The company has established itself as a high-tech enterprise focused on industrial automation equipment and related technical services, serving major clients including Fortune 500 companies like Apple and Microsoft[26]. - The company operates multiple business units (BUs) focusing on different product lines, including RF, acoustic, optical testing, and automation assembly, enhancing operational efficiency[32]. - The company’s automation assembly equipment is increasingly tailored to meet the rising demand for customized solutions in the consumer electronics sector[28]. - The company is expanding its automation assembly equipment into sectors like industrial electronics, automotive electronics, and medical electronics[37]. Risk Management - The company is focused on risk management in foreign exchange transactions, adhering to principles of hedging and avoiding speculative trading[68]. - The company acknowledges the risk of talent loss and is implementing measures to retain skilled personnel[79]. - The company is aware of the cyclical nature of the industry and is diversifying its product offerings to mitigate risks[74]. Corporate Governance and Compliance - The company improved its corporate governance structure and internal control systems, enhancing operational standards and risk management[93]. - The company has implemented a lean management system, achieving certifications in ISO9001:2015, ISO14001:2015, ISO45001:2018, and ISO27001:2013, enhancing operational efficiency[43]. - The financial report for the first half of 2021 has not been audited[143]. Shareholder Information - The company held four shareholder meetings during the reporting period, with investor participation rates of 75.70%, 75.84%, 75.21%, and 71.84% respectively[82]. - The company did not distribute cash dividends or bonus shares for the half-year period[84]. - Major shareholders include Wang Zhaochun (23.19% ownership), Fu Lin (17.40%), and Cheng Jun (11.60%) with no changes in their holdings during the reporting period[129]. Related Party Transactions - The company reported a total of 5.59 million yuan in related party transactions for raw material purchases from Zhuhai Keres, accounting for 65.76% of the approved transaction limit of 140 million yuan[103]. - The company engaged in related party transactions with Zhuhai Changuang Technology for raw material purchases totaling 2.91 million yuan, which is 34.24% of the approved transaction limit of 150 million yuan[103]. Environmental and Social Responsibility - The company continues to adhere to environmental management practices, ensuring proper treatment of pollutants and compliance with environmental regulations[92]. - The company emphasizes its commitment to creating value for customers, employees, shareholders, and society, actively engaging in social responsibility initiatives[93].

Financial Performance - The company reported a total revenue of 138,933,400 RMB for the year 2020, with a cash dividend of 7.37 RMB per 10 shares distributed to shareholders[9]. - The company's operating revenue for 2020 was ¥1,375,964,707.52, representing a 66.80% increase compared to 2019[25]. - The net profit attributable to shareholders for 2020 was ¥341,245,124.96, a 126.86% increase from the previous year[25]. - The net cash flow from operating activities for 2020 was ¥288,319,723.04, up 55.01% year-over-year[25]. - The total assets at the end of 2020 reached ¥1,687,922,991.26, a 127.76% increase compared to the end of 2019[25]. - The net assets attributable to shareholders at the end of 2020 were ¥1,348,894,293.97, reflecting a 152.46% increase from the previous year[25]. - The basic earnings per share for 2020 was ¥2.48, doubling from ¥1.24 in 2019[25]. - The comprehensive gross margin for the company's products was 53.27%, an increase of 3.51% year-over-year[93]. - The company reported a net profit margin of 12.89%, an increase from 10.94% in the previous year[127]. - The company achieved an average growth rate of 26.20% from 2016 to 2020 in its core technology areas, driven by increasing labor costs and the aging population[79]. Research and Development - The company has a strong focus on research and development, particularly in the fields of acoustic testing and visual inspection technologies[12]. - R&D expenses amounted to 126.15 million yuan, reflecting a growth of 28.20% compared to the previous year[93]. - The company holds 238 national patents and 117 software copyrights, indicating strong R&D capabilities[81]. - The company employs an open and responsive R&D model, focusing on both potential market demands and existing customer customization needs[62]. - The company is committed to developing one-stop solutions for automated testing and assembly, aligning with industry trends towards customization and automation[48]. Market Expansion and Strategy - The company plans to continue expanding its market presence and is exploring new product development opportunities[9]. - The company is actively promoting online sales channels, including search engine optimization and advertising marketing[66]. - The company is focusing on expanding its market presence through strategic partnerships and technological advancements in semiconductor manufacturing[128]. - The company plans to focus resources on high-growth projects to ensure they become essential business increments in the future[98]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[128]. Product Development and Innovation - The company has developed a leading position in technology for certain products in both domestic and international markets[39]. - The company has expanded its testing business into machine vision detection, which is expected to bring continuous growth in the future[45]. - The company has developed high-speed, high-precision dispensing machines for PCB production, achieving world-leading speed and accuracy[57]. - The company is committed to rolling out at least 10 new product developments and technological breakthroughs each year[148]. - New product launches included a flagship product that contributed $300 million in sales during the quarter[178]. Customer Engagement and Satisfaction - The company serves major clients including Fortune 500 companies such as Apple, Microsoft, and Google, focusing on industrial automation solutions[39]. - The company has established long-term partnerships with major clients, including Fortune 500 companies, ensuring stable revenue streams[82]. - User data indicates a growing customer base, reflecting a 15% increase in user engagement year-over-year[128]. - Customer satisfaction ratings improved to 90%, reflecting better service and product quality[183]. Financial Management and Governance - The company emphasizes the importance of risk awareness regarding future plans and projections[9]. - The company has established a transparent profit distribution policy to ensure stable returns to shareholders[170]. - The company is committed to maintaining compliance with regulatory requirements and enhancing corporate governance practices[190]. - The company has initiated a share buyback program to enhance shareholder value[190]. Economic and Market Risks - The company faces risks related to macroeconomic fluctuations, as its client base spans critical sectors such as consumer electronics, automotive manufacturing, and photovoltaic semiconductors, which are closely tied to economic cycles[155]. - The company is exposed to risks from rising labor costs due to economic growth and inflation, which could adversely affect operating performance if productivity does not increase correspondingly[160]. - The company is implementing strategies to mitigate risks associated with currency fluctuations, particularly as it primarily uses USD for export transactions[158].

Financial Performance - The company's revenue for Q1 2021 was CNY 326,427,309.56, representing a 77.29% increase compared to CNY 184,121,942.23 in the same period last year[7] - Net profit attributable to shareholders was CNY 80,777,245.22, up 108.12% from CNY 38,813,024.39 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 75,726,933.66, reflecting a 103.86% increase from CNY 37,146,724.47 in the previous year[7] - The basic earnings per share increased to CNY 0.58, an 87.10% rise from CNY 0.31 in the same quarter last year[7] - Operating revenue increased by 77.29% to CNY 326,427,309.56 compared to the same period last year, driven by growth in sales orders[15] - Net profit attributable to the parent company surged by 108.12% to CNY 80,777,245.22, attributed to significant growth in operating revenue[15] - The company reported a total profit of CNY 92.30 million for Q1 2021, an increase of 101.5% from CNY 45.83 million in Q1 2020[46] - The total comprehensive income for Q1 2021 was CNY 82.95 million, compared to CNY 40.02 million in Q1 2020, reflecting a growth of 106.5%[44] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,749,653,637.39, a 3.66% increase from CNY 1,687,922,991.26 at the end of the previous year[7] - The net assets attributable to shareholders increased to CNY 1,430,265,863.25, up 6.03% from CNY 1,348,894,293.97 at the end of the last year[7] - Current assets totaled CNY 1,440,191,735.95, up from CNY 1,391,610,613.05 at the end of 2020, indicating an increase of about 3.48%[33] - Non-current assets totaled CNY 309,461,901.44, up from CNY 296,312,378.21, reflecting an increase of about 4.00%[34] - The total liabilities decreased slightly to CNY 371,029,254.02 from CNY 371,469,258.86, indicating a reduction of 0.1%[40] - The total equity attributable to shareholders increased to CNY 1,221,462,810.29, up from CNY 1,161,732,800.24, marking a growth of 5.2%[40] Cash Flow - The net cash flow from operating activities was CNY 5,529,523.34, which is a 38.78% increase compared to CNY 3,984,269.56 in the same period last year[7] - Cash inflow from operating activities totaled CNY 282.67 million in Q1 2021, compared to CNY 199.29 million in the previous year, showing a strong cash generation capability[50] - Operating cash inflow for Q1 2021 was CNY 292,275,304.66, an increase from CNY 215,524,572.56 in Q1 2020, representing a growth of approximately 35.5%[51] - Cash inflow from investment activities totaled CNY 492,169,451.16, significantly higher than CNY 97,369,076.95 in Q1 2020, marking an increase of approximately 406.5%[52] - The net cash flow from financing activities decreased by 93.98% to CNY 30,434,380.00, primarily due to last year's fundraising activities[15] Research and Development - Research and development expenses increased by 71.98% to CNY 34,272,586.06, reflecting higher investment in R&D activities[15] - Research and development expenses increased to CNY 24.35 million in Q1 2021, up from CNY 13.07 million in the same period last year, indicating a focus on innovation[46] Future Strategies - The company is focusing on expanding its product offerings in the automotive electronics sector and enhancing its capabilities in RF testing[30] - Future growth strategies include the development of new technologies and products, particularly in the VR glasses and new energy vehicle testing industries[30] - The company plans to enhance its market presence and customer service capabilities over the next 3-5 years, aiming for sustainable growth in the ICT sector[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,527[10] - The company plans to grant a total of 990,600 restricted stock options under the 2021 incentive plan, accounting for 0.71% of the total share capital[17] Miscellaneous - The company reported non-recurring gains of CNY 5,050,311.56, primarily from government subsidies and investment management[9] - The company has engaged in wealth management with idle raised funds, amounting to RMB 230.44 million in bank financial products[27] - The company has implemented measures to mitigate foreign exchange risks associated with its operations[23] - There are no violations regarding external guarantees during the reporting period[28] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[28]

珠海博杰电子股份有限公司 2020 年第三季度报告 2020 年 10 月 珠海博杰电子股份有限公司 2020 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。 公司负责人王兆春、主管会计工作负责人张彩虹及会计机构负责人(会计主 管人员)吴奇文声明：保证季度报告中财务报表的真实、准确、完整。 1 珠海博杰电子股份有限公司 2020 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 □ 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） | 1,704,284,918.18 | | 741,090,424.64 | 129.97% | | 归属于上市公司股东的净资产 （元） | 1,311,608,273.24 | | 534,302,746.35 | ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥429,218,024.12, representing a 5.85% increase compared to ¥405,480,566.73 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥84,639,788.10, up 15.50% from ¥73,282,750.48 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥80,257,091.35, reflecting a 14.76% increase from ¥69,935,929.35 in the same period last year[16]. - Operating profit for the same period was 98.7146 million yuan, an increase of 24.89% compared to the previous year[45]. - The company reported a total operating cost of CNY 328,090,741.66 for the first half of 2020, slightly up from CNY 326,304,914.90 in the same period of 2019[146]. - The total profit for the first half of 2020 was CNY 63,268,132.90, up from CNY 61,449,262.87 in 2019, reflecting a growth of approximately 2.9%[152]. Cash Flow and Financial Position - The net cash flow from operating activities decreased significantly by 88.14%, amounting to ¥8,432,296.76 compared to ¥71,068,907.50 in the previous year[16]. - The net cash flow from financing activities surged by 1,817.59% to ¥501,976,006.45, mainly due to funds raised during the reporting period[47]. - The total cash and cash equivalents at the end of the first half of 2020 amounted to CNY 159,599,149.36, an increase from CNY 75,450,579.54 at the end of the same period in 2019[157]. - Cash flow from investing activities resulted in a net outflow of CNY 421,378,347.78, compared to a net outflow of CNY 37,272,116.75 in the same period last year[157]. - The company reported a significant increase in cash received from investment activities, which rose to CNY 290,580,000.00 from CNY 32,029,246.58 year-on-year[160]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,441,084,939.07, a 94.45% increase from ¥741,090,424.64 at the end of the previous year[16]. - Total liabilities rose to ¥286,309,450.74 from ¥198,757,776.67, which is an increase of 44%[140]. - Owner's equity increased to ¥1,154,775,488.33, compared to ¥542,332,647.97 at the end of 2019, showing a growth of 113%[141]. - The company's total liabilities at the end of the reporting period were CNY 522,459,000.00[169]. Research and Development - The company has established a comprehensive R&D, management, and sales team, enhancing its ability to quickly convert customer product concepts into design solutions and products[25]. - Research and development expenses increased by 8.51% to ¥47,716,036.89, indicating a continued investment in innovation[47]. - As of June 30, 2020, the company held 180 national patents and 99 software copyrights, showcasing its strong R&D capabilities[35]. Market and Competition - The company focuses on industrial automation equipment and related technical services, serving major clients including Fortune 500 companies like Apple and Microsoft[24]. - The company faces market competition risks due to the presence of foreign competitors with technological advantages, necessitating increased R&D investment and production scale to maintain market share[80]. - The company’s export revenue is significantly high, making it vulnerable to global economic downturns and changes in international trade relations, prompting the need for proactive market monitoring[82]. Risks and Challenges - The company has acknowledged potential risks in its future operations, which are detailed in the report[4]. - The company has a high concentration of downstream customers, which poses risks if key clients reduce orders; it plans to enhance R&D and expand its customer base to mitigate this risk[81]. - Rising labor costs in the talent-intensive industry could impact profitability; the company aims to enhance product competitiveness and manage costs effectively[87]. Corporate Governance and Compliance - The half-year financial report has not been audited, indicating a lack of external validation for the reported figures[94]. - There were no significant litigation or arbitration matters during the reporting period, reflecting a stable legal environment for the company[96]. - The company and its controlling shareholders maintained good integrity, with no unfulfilled court judgments or significant overdue debts[96]. Shareholder Information - The company completed its initial public offering (IPO) of 17.37 million shares, increasing total shares from 52.1 million to 69.47 million[117]. - Major shareholders include Wang Zhaochun (23.32%, 16,200,000 shares), Fu Lin (17.49%, 12,150,000 shares), and Cheng Jun (11.66%, 8,100,000 shares)[122]. - The company has a total of 14,959 common shareholders at the end of the reporting period[122]. Future Outlook - The company plans to accelerate the construction and production of fundraising projects, expand into new business areas and markets, and improve customer structure to ensure sustainable growth[89]. - The company is exploring new strategies for market expansion and product development to drive future growth[98].

Financial Performance - The company's operating revenue for Q1 2020 was ¥184,121,942.23, a decrease of 23.26% compared to ¥239,936,746.77 in the same period last year[7] - The net profit attributable to shareholders was ¥38,813,024.39, down 30.76% from ¥56,057,092.11 year-on-year[7] - Basic earnings per share decreased by 43.52% to ¥0.61 from ¥1.08 in the same period last year[7] - Net profit for Q1 2020 was CNY 40,260,049.98, down from CNY 56,479,199.78 in the same period last year[43] - The net profit for the current period is CNY 45,055,986.33, compared to CNY 48,118,195.88 in the previous period, reflecting a decline of approximately 4.3%[47] - The total comprehensive income for the current period is CNY 40,018,109.65, down from CNY 55,708,153.45 in the previous period[47] Cash Flow - The net cash flow from operating activities was ¥3,984,269.56, a significant decline of 90.44% compared to ¥41,676,622.80 in the previous year[7] - Cash flow from financing activities increased by 2,403.97% to ¥505,821,141.60, mainly from raised funds[20] - The cash flow from operating activities generated a net amount of CNY 3,984,269.56, significantly lower than CNY 41,676,622.80 in the previous period[51] - The company reported a cash inflow from financing activities of CNY 547,799,628.95, compared to CNY 13,662,324.95 in the previous period[52] - Total cash inflow from operating activities was $156.75 million, down from $217.32 million, a decrease of approximately 28%[54] - Cash flow from financing activities showed a net increase of $505.88 million, compared to a net outflow of -$3.58 million in the previous period[55] Assets and Liabilities - Total assets increased by 70.52% to ¥1,263,680,995.07 from ¥741,090,424.64 at the end of the previous year[7] - Total liabilities decreased to ¥158,871,237.45 from ¥198,757,776.67, indicating a reduction in financial obligations[35] - The company's total liabilities decreased to CNY 140,801,893.04 from CNY 182,309,825.93[39] - The total assets increased to CNY 1,185,567,592.81 from CNY 659,560,539.37 at the end of 2019[39] Cash and Cash Equivalents - The company reported a significant increase in cash and cash equivalents, with a 512.06% rise in monetary funds to ¥439,731,206.99 from ¥71,843,959.93[16] - Cash and cash equivalents rose to ¥439,731,206.99 from ¥71,843,959.93, indicating improved liquidity[33] - Cash and cash equivalents increased significantly to CNY 383,833,988.19 from CNY 27,890,529.39[38] - The ending balance of cash and cash equivalents reached $383.83 million, compared to $51.28 million in the prior period[55] Expenses - Management expenses increased by 57.14% to ¥17,306,374.08 primarily due to higher employee compensation[18] - The company reported a decrease in R&D expenses to CNY 19,927,964.09 from CNY 17,169,096.43[42] - The company incurred research and development expenses of CNY 13,070,605.62, slightly higher than CNY 12,644,804.39 in the previous period[46] Inventory - Inventory increased to ¥184,801,271.25 from ¥169,038,187.63, suggesting a buildup in stock levels[33] - Inventory levels rose to CNY 158,987,619.78 from CNY 145,634,842.13[38] Shareholder Equity - The net assets attributable to shareholders rose by 105.00% to ¥1,095,332,830.41 from ¥534,302,746.35 at the end of the previous year[7] - The equity attributable to shareholders of the parent company rose to CNY 1,044,765,699.77 from CNY 477,250,713.44[39] - The company’s retained earnings increased to CNY 196,118,866.19 from CNY 151,062,879.86[39] Financial Ratios - The weighted average return on equity decreased to 4.30%, down 8.85% from 13.15% in the previous year[7] - Operating cash flow net amount decreased to -$16.52 million from $29.51 million in the previous period, representing a significant decline[54] - The financial expenses for the current period showed a significant reduction, resulting in a net financial income of CNY -5,593,985.14 compared to CNY 2,535,036.81 in the previous period[46]

Financial Performance - The company's operating revenue for 2019 was CNY 824,939,964.66, representing a 20.01% increase compared to CNY 687,399,287.48 in 2018[16]. - The net profit attributable to shareholders for 2019 was CNY 150,419,732.45, a 34.76% increase from CNY 111,623,949.00 in 2018[16]. - The net cash flow from operating activities reached CNY 186,006,295.18, a significant increase of 558.35% compared to CNY 28,253,439.82 in 2018[16]. - The total assets at the end of 2019 amounted to CNY 741,090,424.64, reflecting a 22.53% increase from CNY 604,829,590.06 at the end of 2018[16]. - The basic earnings per share for 2019 was CNY 2.89, up 33.18% from CNY 2.17 in 2018[16]. - The company achieved operating revenue of 825 million yuan in 2019, representing a 20% increase compared to the previous year[60]. - Operating profit reached 166 million yuan, reflecting a 29% growth year-on-year[60]. - Net profit attributable to the parent company was 150 million yuan, marking a 35% increase from the previous year[60]. - Total operating revenue for 2019 reached ¥824,939,964.66, representing a year-on-year increase of 20.01% compared to ¥687,399,287.48 in 2018[63]. - The revenue from industrial automation equipment was ¥667,648,214.35, accounting for 80.93% of total revenue, with a growth of 14.58% from ¥582,681,349.47 in 2018[65]. Dividend Policy - The company plans to distribute a cash dividend of 7.2 CNY per 10 shares to all shareholders, based on a total of 69,466,700 shares[4]. - The cash dividend for 2019 represents 33.25% of the net profit attributable to ordinary shareholders, which is 150,419,732.45 CNY[114]. - The cash dividend for 2018 was 10,000,000.00 CNY, accounting for 8.96% of the net profit attributable to ordinary shareholders of 111,623,949.00 CNY[114]. - The total cash dividend distributed in 2019 was 50,016,024.00 CNY, which is 100% of the profit distribution total[116]. - The company has maintained a consistent cash dividend policy, ensuring transparency and compliance with regulations[111]. Research and Development - The company is focused on technological advancements and product development to stay competitive in the electronics market[11]. - The company has a dedicated team of 470 R&D and technical service personnel, ensuring high-quality product customization and support[52]. - The company plans to enhance R&D investment in downstream applications and expand its automation equipment product line to strengthen market presence[46]. - The company has established a comprehensive R&D process and has achieved industry-leading levels in several areas, with a focus on enhancing independent R&D and integrating overseas teams[94]. - Key technology directions include RF testing technology for 5G, machine vision technology for automation, and high-precision component inspection technology, with products already in sales[95]. Market Position and Strategy - The company has a diverse client base, including major global firms such as Apple, Microsoft, and Cisco[11]. - The company operates multiple subsidiaries, including those in Hong Kong and the United States, enhancing its market reach[10]. - The company is positioned to benefit from the growing demand in the industrial automation sector, supported by national policies and technological advancements[26]. - The company’s sales strategy emphasizes "consultative selling and expert service," enhancing customer loyalty and increasing order acquisition through competitive negotiation[31]. - The company will continue to deepen its presence in the consumer electronics sector while expanding into automotive, medical, and industrial fields to create new profit growth points[98]. Operational Risks - The report covers the operational risks the company may face in the future, which investors should be aware of[4]. - Market competition poses a risk, as the company must enhance R&D investment and production capacity to maintain its market share against both domestic and international competitors[101]. - High customer concentration presents a risk; if key customers reduce orders due to market demand fluctuations, the company's performance may be adversely affected[102]. - The company faces risks from macroeconomic fluctuations, particularly in fixed asset investment demand from downstream industries, which may impact the demand for industrial automation equipment[100]. Corporate Governance - The company emphasizes the importance of accurate financial reporting, ensuring the integrity of the annual report[3]. - The company is committed to maintaining transparency and has all board members present for the report's approval[4]. - The management has confirmed that the prospectus does not contain any false records or misleading statements[119]. - The company will ensure that all related transactions are conducted at fair prices and in accordance with legal regulations[119]. - The company has committed to compensating investors for any losses incurred due to unfulfilled commitments, as per regulatory requirements[126]. Employee and Customer Relations - Employee satisfaction has improved, with a focus on fair compensation and a supportive work environment, leading to lower employee turnover rates[141]. - Customer satisfaction has increased for three consecutive years, with a commitment to quality management and continuous improvement[145]. - The company has established a comprehensive customer complaint control procedure to ensure customer issues are addressed promptly[146]. - The company actively engages with suppliers to maintain high satisfaction levels and reduce procurement costs[141]. Future Outlook - The company expects a revenue growth forecast of 20% for the upcoming fiscal year, driven by new product launches and market expansion strategies[120]. - Future outlook remains positive, with expectations for revenue growth driven by new product launches and market expansion efforts[178]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[120]. - A strategic acquisition of a local competitor is in progress, which is expected to enhance the company's product offerings and customer base[121].