成都天箭科技股份有限公司投资者关系活动记录表 证券代码： 002977 证券简称：天箭科技 | | □ 特定对象调研 □ 分析师会议 | | --- | --- | | 投资者关系活动 | □ 媒体采访 √ 业绩说明会 | | 类别 | □ 新闻发布会 □ 路演活动 | | | 现场参观 □ | | | 其他 □ | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2023 年 5 月 16 日（星期二）下午 15:00-17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 采用网络远程的方式召开 2022 年年度业绩说明会 | | 上市公司接待人 | 1、董事长：楼继勇先生 | | | 2、董事、总经理：陈镭先生 | | 员姓名 | 3、财务总监兼董事会秘书：王艳女士 | | | 4、独立董事：王虹女士 2023 年 5 月 16 日（星期二）下午 15:00-17:00 在全景网"投 | | | 资者关系互动平台"采用网络远程的方式召开 2022 年度业绩说 明会，投资者提出的问题及公司回复情况如下： 1、请 ...

Financial Performance - The company's operating revenue for 2022 was ¥342,763,501.42, representing a 23.11% increase compared to ¥278,412,932.08 in 2021[6]. - The net profit attributable to shareholders for 2022 was ¥72,737,710.21, a decrease of 34.68% from ¥111,351,443.00 in 2021[6]. - The net cash flow from operating activities was -¥24,838,755.31, a decline of 659.65% compared to ¥4,438,228.39 in 2021[6]. - The basic earnings per share for 2022 was ¥0.73, down 34.23% from ¥1.11 in 2021[6]. - Total assets at the end of 2022 were ¥1,337,878,326.21, an increase of 9.84% from ¥1,218,046,187.30 at the end of 2021[6]. - The company reported a significant decline in non-recurring gains, totaling ¥1,831,581.75 in 2022 compared to ¥9,490,267.07 in 2021[26]. - The net profit excluding non-recurring gains and losses was CNY 70.91 million, down 30.39%[41]. - The total cash inflow from operating activities in 2022 was ¥135,818,409.91, a decrease of 56.77% compared to ¥314,154,290.36 in 2021[51]. - The company's total operating costs amounted to CNY 195.51 million, with direct materials constituting 89.52% of total costs[44]. Dividend Policy - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 100,100,000 shares[5]. - A cash dividend of RMB 2 per 10 shares (including tax) will be distributed to all shareholders, totaling RMB 20,020,000, which represents 100% of the profit distribution[122]. - The company has implemented a stock dividend policy, distributing 4 additional shares for every 10 shares held[89]. - The company announced a stock dividend of 10 shares for every 4 shares held, effective from 2021[90]. - The company’s cash dividend policy requires a minimum of 20% of profit distribution to be allocated to cash dividends during profit distribution[122]. - The company has not made any adjustments to its cash dividend policy during the reporting period[122]. Research and Development - The company has a strong R&D capability, holding 23 authorized patents in high-band, high-power solid-state power modules, and has developed several leading non-patented technologies[36]. - Research and development expenses increased by 32.76% to CNY 12.65 million, representing 3.69% of operating revenue[48][50]. - The company has ongoing R&D projects aimed at higher frequency microwave components and anti-jamming technologies, which are expected to enhance competitive advantages[49]. - The company aims to maintain its leading position in precision guidance by expanding frequency bands and enhancing performance and integration of its core product, the high-band, high-power solid-state transmitter[73]. - Future R&D will focus on higher-band microwave front-end components, ensuring technological advantages in domestic production and RF integration[73]. - The company is committed to ongoing research and development to innovate and improve its product line[90]. Market Position and Strategy - The company has a strong position in the military electronics industry, focusing on high-band, high-power solid-state microwave front-end products[30]. - The company is positioned to benefit from the growth of the national defense technology industry, particularly in electronic warfare technologies[30]. - The domestic market for solid-state transmitters is expected to grow significantly, driven by increasing defense budgets and modernization of military technology[34]. - The company has maintained long-term cooperative relationships with military and defense research units, enhancing its market recognition and customer loyalty[39]. - The company plans to continue expanding its technology application range and production capabilities to meet the growing demand for weaponry equipment[41]. - The company has successfully developed a new phased array antenna, which will serve as a new business growth point and technological high ground, leveraging its advantages in production capability, reliability, low cost, and lightweight design[75]. Customer Concentration and Risks - The top five customers accounted for 98.84% of total sales, with the largest customer contributing 82.39% of total sales[46]. - The company emphasizes the risks associated with high customer concentration, quality, technology, and accounts receivable, as detailed in the management discussion and analysis section[4]. - The accounts receivable increased significantly, with a high proportion of total assets, which may affect the company's profitability if major clients face payment difficulties[79]. - The company faces risks related to product quality and technology, which could impact future performance if not managed effectively[78]. Corporate Governance - The company has established a sound corporate governance structure, ensuring compliance with relevant laws and regulations[83]. - The company operates independently from its controlling shareholders, with no reliance on them for procurement or sales[86]. - The company has established a robust organizational structure, including a shareholders' meeting, board of directors, and management team, ensuring independent operational authority[85]. - The company has implemented strict management of related party transactions, ensuring compliance with regulations and maintaining fairness in transactions[127]. - The company has a systematic approach to managing significant investments, with the board regularly monitoring project progress and taking corrective actions when necessary[126]. Financial Management and Audit - The company has established a comprehensive financial management system, including policies for accounting, expense reimbursement, and internal controls to ensure effective financial governance[126]. - The internal control self-assessment report indicates that 100% of the company's total assets and operating income were included in the evaluation scope, ensuring comprehensive oversight[130]. - The internal control evaluation report identified no significant defects in financial reporting, indicating a strong internal control environment[131]. - The company has a dedicated board audit committee that regularly reviews the effectiveness of internal controls and addresses any identified issues promptly[129]. Shareholding Structure - The total number of shares increased from 71,500,000 to 100,100,000 after the 2021 profit distribution plan was approved, which included a cash dividend of 3 RMB per 10 shares and a capital reserve conversion of 4 shares for every 10 shares held[194]. - The proportion of limited shares decreased from 55.39% to 54.93% after the share increase, while the proportion of unrestricted shares increased from 44.61% to 45.07%[190]. - The company’s major shareholders include individuals with significant holdings, such as Lou Xianyong with 36,050,000 shares and Chen Lei with 17,325,000 shares[193]. - The total number of shares held by the top 10 shareholders reflects a significant concentration of ownership, with the top two shareholders alone holding over 59%[197]. Compliance and Legal Matters - The company has not faced any administrative penalties related to environmental issues during the reporting period[134]. - The company did not experience any major litigation or arbitration matters during the reporting period[170]. - The company has not engaged in any major related party transactions during the reporting period[170]. - The company has made commitments regarding the accuracy of the prospectus to prevent investor losses[154]. Future Outlook - The company anticipates significant growth opportunities in the defense technology industry due to increasing national defense investments and modernization efforts[73]. - Future outlook indicates a projected revenue growth of 10% for 2023, with plans to launch two new products in the next quarter[105]. - The company plans to continue its strategic initiatives aimed at market expansion and potential mergers and acquisitions in the coming years[90].

Financial Performance - The company's operating revenue for Q1 2023 was ¥23,614,159.29, a decrease of 72.63% compared to ¥86,292,436.55 in the same period last year[5] - Net profit attributable to shareholders for Q1 2023 was ¥16,021,744.25, down 14.91% from ¥18,829,424.41 year-on-year[5] - The total operating revenue for Q1 2023 was CNY 23,614,159.29, a significant decrease from CNY 86,292,436.55 in the same period last year, representing a decline of approximately 72.7%[18] - The total operating costs for Q1 2023 were CNY 14,351,662.01, down from CNY 58,451,008.92 in the previous year, indicating a reduction of about 75.5%[18] - The gross profit margin for Q1 2023 was approximately 38.3%, compared to a much higher margin in the previous year, reflecting changes in revenue and cost structure[18] - Operating profit for Q1 2023 was CNY 18,873,941.88, down from CNY 21,166,534.42 in the same period last year, reflecting a decline of 10.8%[20] - The total profit for Q1 2023 was CNY 18,849,110.88, compared to CNY 22,152,264.01 in Q1 2022, marking a decrease of 15.0%[20] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.16, compared to CNY 0.19 in Q1 2022, indicating a decrease of 15.8%[20] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 315.83%, reaching ¥56,849,735.12, compared to a negative cash flow of ¥26,340,075.65 in the previous year[5] - Cash flow from operating activities for Q1 2023 was CNY 56,849,735.12, a significant improvement from a negative cash flow of CNY -26,340,075.65 in Q1 2022[22] - The company received CNY 83,740,450.00 from sales of goods and services in Q1 2023, with total cash inflows from operating activities reaching CNY 86,548,004.22[22] - Total cash outflows from operating activities in Q1 2023 were CNY 29,698,269.10, compared to CNY 32,813,225.83 in Q1 2022, showing a decrease of 9.5%[22] - Cash and cash equivalents at the end of Q1 2023 were CNY 242,369,601.55, down from CNY 295,957,556.29 at the beginning of the year, a decrease of about 18%[14] - The company reported cash and cash equivalents at the end of Q1 2023 amounting to CNY 237,124,306.97, down from CNY 272,592,320.31 at the end of Q1 2022[23] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,348,329,016.25, reflecting a 0.78% increase from the previous year-end[5] - The total assets as of March 31, 2023, were CNY 1,348,329,016.25, compared to CNY 1,337,878,326.21 at the beginning of the year, reflecting a slight increase of about 0.8%[17] - Total liabilities decreased to CNY 267,004,285.94 from CNY 272,575,340.15, a reduction of approximately 2.6%[16] - Non-current assets totaled CNY 287,679,092.00, slightly down from CNY 290,468,618.66, reflecting a decrease of about 1%[15] - The company's retained earnings increased to CNY 345,168,272.88 from CNY 329,146,528.63, showing a growth of about 4.9%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,779, with the top shareholder holding 36.01% of the shares[9] Research and Development - Research and development expenses rose by 85.16% to ¥2,973,004.37, indicating increased investment in innovation[7] Other Financial Metrics - The weighted average return on equity decreased to 1.49% from 1.84% in the previous year[5] - The company reported a significant decrease in accounts receivable, with a 47.13% drop to ¥74,569,429.20 due to the maturity of acceptance bills[7] - The company purchased financial products amounting to ¥100,000,000.00, contributing to the increase in trading financial assets[7] - The company reported a total of ¥14,178.99 in non-recurring gains and losses for the period[6] - Accounts receivable increased to CNY 503,514,744.00 from CNY 484,140,660.00, showing a rise of approximately 4.5%[14] - Inventory levels rose to CNY 102,933,697.20, up from CNY 87,522,150.81, indicating an increase of about 17.5%[14] - The company reported a tax expense of CNY 2,827,366.63 for Q1 2023, down from CNY 3,322,839.60 in Q1 2022, reflecting a decrease of 14.9%[20] - Investment activities resulted in a net cash outflow of CNY -110,437,689.86 in Q1 2023, compared to CNY -91,678,200.00 in the same period last year[22]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：002977 证券简称：天箭科技 公告编号：2023-018 成都天箭科技股份有限公司 关于举行 2022 年度业绩网上说明会的通知 成都天箭科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日披 露了 2022 年年度报告全文及摘要。为了让广大投资者更深入全面地了解公司经 营情况，公司定于 2023 年 5 月 16 日（星期二）下午 15:00-17:00 在全景网举办 2022 年年度业绩网上说明会，本次年度业绩说明会将采用网络远程的方式举行， 投资者可登陆全景网"投资者关系互动平台"（http://ir.p5w.net）参与。 出席本次业绩说明会的人员有：董事长楼继勇先生，董事、总经理陈镭先生， 财务总监兼董事会秘书王艳女士，独立董事王虹女士。 为提升公司与投资者之间的交流效率，欢迎广大投资者于 2023 年 5 月 16 日（星期二）15:00 前访问 http://ir.p5w.net/zj/，或扫描下方二维码，进入 问题征集专题页面。公司将在 2022 年度业绩网上说明 ...

Financial Performance - The company's revenue for Q3 2022 was ¥72,820,530.97, a decrease of 28.61% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥17,500,039.33, down 56.97% year-on-year[5]. - The company reported a significant decrease in investment income to ¥895,191.29 due to reduced returns from principal-protected financial products[8]. - Net profit for the current period was ¥66,035,129.24, a decline of 25.6% compared to ¥88,716,711.28 in the same period last year[21]. - Basic and diluted earnings per share were both ¥0.66, down from ¥0.89 in the previous year[21]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥56,281,752.22, representing a decline of 155.78% compared to the previous year[5]. - Cash flow from operating activities showed a net outflow of ¥56,281,752.22, worsening from a net outflow of ¥22,004,178.32 in the prior period[23]. - Cash flow from investment activities resulted in a net outflow of ¥100,991,798.68, compared to a net outflow of ¥72,538,308.86 in the previous year[23]. - The ending cash and cash equivalents balance was ¥211,887,045.06, down from ¥337,945,303.73 at the end of the previous period[23]. - The company's cash and cash equivalents decreased to CNY 215,132,339.64 from CNY 393,855,890.54, indicating a decline of about 45.5%[15]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,299,197,688.57, an increase of 6.66% from the end of the previous year[5]. - The total liabilities rose to CNY 240,597,283.48 from CNY 204,030,911.45, marking an increase of about 17.9%[17]. - The company's equity attributable to shareholders increased to CNY 1,058,600,405.09 from CNY 1,014,015,275.85, showing a growth of approximately 4.4%[17]. - Accounts receivable increased significantly to CNY 547,828,736.00, up from CNY 335,713,654.75, reflecting a growth of approximately 63.1%[15]. - Inventory decreased to CNY 80,316,413.22 from CNY 175,357,150.25, a decline of about 54.3%[15]. Operating Performance - Total operating revenue for the current period reached ¥316,329,852.46, an increase of 17.6% compared to ¥268,863,997.13 in the previous period[19]. - Total operating costs amounted to ¥207,068,408.06, up 36% from ¥152,289,732.26 in the prior period[19]. - Operating profit decreased to ¥75,475,669.49, down 27.7% from ¥104,378,779.56 year-over-year[20]. - Operating costs rose by 40.57% to ¥193,566,612.17, attributed to increased revenue and rising material costs[8]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,248[10]. - The company has relocated its office address to "333 He Mao Street, High-tech Zone, Chengdu" as part of its operational adjustments[13]. - The company has made adjustments to its investor hotline, now updated to "028-86272706" for better communication with stakeholders[13]. Research and Development - Research and development expenses were ¥7,312,276.71, down from ¥8,582,071.23 year-over-year[20]. - The long-term equity investment stood at CNY 10,000,000.00, indicating the company's commitment to long-term growth strategies[16].

证券代码：002977 证券简称：天箭科技 公告编号：2022-039 成都天箭科技股份有限公司 关于参加四川辖区上市公司 2022 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，成都天箭科技股份有限公司（以下简称 "公司"）将参加由四川证监局、四川省上市公司协会与深圳市全景网络有限公 司联合举办的"2022 年四川辖区上市公司投资者集体接待日活动"，现将相关 事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2022 年 9 月 16 日（周五）15:00-17:00。届时 公司董事长楼继勇先生、总经理陈镭先生、董事会秘书兼财务总监王艳女士将在 线就公司 2022 年半年度业绩、公司治理、发展战略、经营状况、可持续发展等 投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告！ 成都天箭科技股份有限公司 董事会 20 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥243,509,321.49, representing a 45.94% increase compared to ¥166,856,262.61 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥48,535,089.91, a slight increase of 1.01% from ¥48,050,867.50 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,258,333.42, up 9.31% from ¥43,233,014.29 year-on-year[21]. - The basic earnings per share for the reporting period was ¥0.6788, a 1.01% increase from ¥0.6720 in the same period last year[21]. - The diluted earnings per share also stood at ¥0.6788, consistent with the basic earnings per share[21]. - The weighted average return on equity was 4.67%, down from 5.09% in the previous year[21]. - The gross margin for the first half of 2022 was reported at 45%, indicating strong operational efficiency[78]. - The gross margin for the first half of 2022 was reported at 40%, an improvement from 35% in the same period last year[81]. Cash Flow and Assets - The net cash flow from operating activities was -¥39,382,325.62, a decline of 25.30% compared to -¥31,431,291.43 in the previous year[21]. - The total assets at the end of the reporting period were ¥1,257,839,028.05, an increase of 3.27% from ¥1,218,046,187.30 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were ¥1,041,100,365.76, reflecting a growth of 2.67% from ¥1,014,015,275.85 at the end of the previous year[21]. - The company's accounts receivable increased to ¥551,143,766.00, accounting for 43.82% of total assets, up from 27.56% the previous year, due to revenue growth[44]. - The company’s total assets included cash and cash equivalents of ¥250,284,679.94, which decreased by 12.44% from the previous year due to reclassification of structured deposits[44]. - Cash and cash equivalents decreased to CNY 250,284,679.94 from CNY 393,855,890.54, a decline of approximately 36.4%[131]. - The cash and cash equivalents at the end of the first half of 2022 stood at 247,039,385.36 RMB, down from 353,576,105.56 RMB at the end of the first half of 2021, representing a decline of approximately 30%[138]. Research and Development - The company has developed a new phased array product using third-generation semiconductor materials, which is smaller, lighter, and more energy-efficient, expanding its applications in military and commercial satellite fields[30]. - The company holds 23 authorized patents, with core technologies in high-band, high-power solid-state microwave front-end applications, indicating a strong R&D capability[33]. - Research and development expenses were ¥5,168,977.72, showing a slight increase of 0.01% from ¥5,168,223.24[39]. - Investment in R&D has increased by 30%, focusing on the development of new technologies and products to enhance competitive advantage[81]. Market Position and Strategy - The main revenue source during the reporting period was the airborne solid-state transmitter, which is crucial for missile radar guidance systems, reflecting the company's strong position in military applications[29]. - The company is positioned to benefit from the growing demand in the defense sector due to increasing national defense budgets and modernization efforts in China[31]. - The company has established a competitive advantage through strong customer resource maintenance and integration of upstream and downstream resources[33]. - The company plans to enhance its technology transfer capabilities and core competitiveness through the implementation of the R&D center fundraising project[63]. - The company plans to enter new markets, targeting Southeast Asia with an expected market entry by Q4 2022[78]. - The company is exploring partnerships with local firms to enhance distribution channels and increase market penetration[81]. Risks and Challenges - The company faces risks related to product quality, technology updates, customer concentration, and accounts receivable management[63]. - The company faces risks related to the short remaining lease term of its production and operational sites, which could lead to relocation if contracts are not renewed[64]. - The feasibility analysis of fundraising investment projects is contingent on market conditions and technological trends, with potential adverse changes posing risks to project implementation[64]. - If market demand changes significantly post-project completion, the company may struggle to absorb the new production capacity, negatively impacting business development and operational results[64]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company reported a commitment to not reduce shareholdings during the lock-up period and for two years thereafter, adhering to legal and regulatory requirements[79]. - The company reported a commitment to avoid related party transactions and ensure transparency in decision-making processes[80]. - The controlling shareholder has confirmed that there are no existing or potential competitive relationships with the company[80]. - The management team has committed to not transferring benefits to other entities or individuals under unfair conditions[85]. - The company will seek shareholder approval for any changes to commitments or exemptions from fulfilling them[85]. Compliance and Legal Matters - The semi-annual financial report has not been audited[91]. - The company has no significant litigation or arbitration matters during the reporting period[93]. - There were no major related party transactions or asset acquisitions during the reporting period[94][95]. - The company has not violated any commitments during the reporting period, and the commitments are currently being fulfilled[86].

Financial Performance - The company's operating revenue for Q1 2022 was ¥86,292,436.55, representing a 62.25% increase compared to ¥53,185,132.74 in the same period last year[4] - The net profit attributable to shareholders was ¥18,829,424.41, up 16.06% from ¥16,223,802.68 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥17,965,979.31, reflecting a 46.16% increase from ¥12,291,598.33 in the previous year[4] - The basic earnings per share increased to ¥0.26, a rise of 13.04% compared to ¥0.23 in the same period last year[4] - Total operating revenue for Q1 2022 was CNY 86,292,436.55, an increase of 62.2% compared to CNY 53,185,132.74 in the same period last year[17] - Net profit for Q1 2022 reached CNY 18,829,424.41, representing a 16.1% increase from CNY 16,223,802.68 in Q1 2021[18] - The company reported a gross profit of CNY 29,963,427.63 for Q1 2022, with a gross margin of approximately 34.7%[17] - Basic and diluted earnings per share for Q1 2022 were CNY 0.26, compared to CNY 0.23 in Q1 2021[18] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥1,255,238,918.89, a 3.05% increase from ¥1,218,046,187.30 at the end of the previous year[4] - The company's total assets as of the end of Q1 2022 amounted to CNY 1,255,238,918.89, compared to CNY 1,218,046,187.30 at the beginning of the year[14] - Current assets totaled CNY 1,034,331,112.51, slightly up from CNY 1,026,219,724.18 at the start of the year[14] - The company's total liabilities increased to CNY 222,394,218.63 from CNY 204,030,911.45 at the beginning of the year[15] - The company's total equity attributable to shareholders was ¥1,032,844,700.26, up 1.86% from ¥1,014,015,275.85 at the end of the previous year[4] Cash Flow - The company's cash flow from operating activities was negative at -¥26,340,075.65, worsening by 45.98% compared to -¥18,043,652.37 in the same period last year[8] - The net cash flow from operating activities was -26,340,075.65 CNY, compared to -18,043,652.37 CNY in the previous period, indicating a decline of approximately 46.5%[20] - Total cash inflow from operating activities was 6,473,150.18 CNY, down from 20,033,911.32 CNY, representing a decrease of about 67.7%[20] - Cash outflow from operating activities totaled 32,813,225.83 CNY, compared to 38,077,563.69 CNY in the previous period, a reduction of approximately 13.8%[20] - The net cash flow from investing activities was -91,678,200.00 CNY, compared to -132,106,599.69 CNY in the previous period, showing an improvement of about 30.6%[21] - Cash inflow from investing activities was 100,572,397.27 CNY, while cash outflow was 91,678,200.00 CNY, resulting in a significant cash outflow for investments[21] - The ending balance of cash and cash equivalents was 272,592,320.31 CNY, down from 303,787,538.85 CNY, reflecting a decrease of approximately 10.3%[21] - The company reported a total cash outflow of 118,018,275.65 CNY for the period, compared to 150,150,252.06 CNY in the previous period, indicating a reduction of about 21.4%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,722, indicating a stable shareholder base[10] Research and Development - Research and development expenses increased by 62.01% to ¥1,605,647.21 from ¥991,059.59 year-on-year, indicating a focus on innovation[7] Government Subsidy - The company received a government subsidy of ¥1,000,000.00 related to its listing, contributing to its non-operating income[6] Audit Information - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[22]

Dividend Distribution - The company plans to distribute a cash dividend of 3.00 CNY per 10 shares (including tax) to all shareholders, based on a total of 71,500,000 shares[4]. - The cash dividend distribution plan includes a payout of CNY 3.00 per 10 shares (tax included) and a capital reserve increase of 4 shares per 10 shares, with a total cash dividend amounting to CNY 21,450,000.00[123]. - The cash dividend distribution accounted for 100% of the total profit distribution amount, aligning with the company's commitment to maximizing shareholder returns[123]. Financial Performance - The company's operating revenue for 2021 was ¥278,412,932.08, representing a 27.35% increase compared to ¥218,622,306.07 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥111,351,443.00, a 35.19% increase from ¥82,369,550.58 in 2020[19]. - The net profit after deducting non-recurring gains and losses for 2021 was ¥101,861,175.93, up 37.48% from ¥74,089,046.55 in 2020[19]. - The total assets at the end of 2021 were ¥1,218,046,187.30, an 8.38% increase from ¥1,123,832,495.50 at the end of 2020[19]. - The company's basic earnings per share for 2021 was ¥1.56, a 26.83% increase from ¥1.23 in 2020[19]. - The weighted average return on net assets for 2021 was 11.51%, up from 10.70% in 2020[19]. Customer Concentration and Risks - The company has a high customer concentration risk, which is highlighted in the report[4]. - The report emphasizes potential risks including quality risk, technology risk, and risks associated with existing operational sites[4]. - The company's top five customers accounted for 98.53% of total sales, with the largest customer contributing 88.81%[46][47]. - The company faces risks related to product quality, as its main products require high reliability, particularly in missile guidance systems[83]. - The company has a high concentration of accounts receivable, which poses a risk to its cash flow and profitability if major customers face financial difficulties[83]. Research and Development - The company has received multiple awards, including 2 National Defense Science and Technology Awards and 1 National Science and Technology Progress Award, highlighting its strong R&D capabilities[30]. - Future R&D projects include high-band microwave components and anti-jamming technology, aimed at enhancing competitive advantages[50]. - Research and development expenses amounted to CNY 9.53 million, accounting for 3.42% of operating revenue, down from 5.22% in the previous year[51]. - The company plans to continue to invest in research and development of new products and technologies, focusing on higher-band microwave front-end technology and new phased array antennas[80]. Market Position and Growth - The company has a strong position in the military electronics industry, focusing on high-band, high-power solid-state microwave front-end products[30]. - The company anticipates significant growth in the missile support industry during the 14th Five-Year Plan period, driven by increased demand for missile consumables[30]. - The company is positioned to benefit from the growing demand in the defense sector due to increased national defense spending and modernization efforts[33]. - The company plans to focus on high-band, high-power solid-state transmitters and expand applications in precision guidance, radar, communication, and electronic countermeasures[78]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its management[3]. - The company has established a robust internal control system, including governance frameworks and management regulations to ensure effective operational oversight[128]. - The company’s board of directors includes experienced professionals with backgrounds in finance and technology, enhancing its strategic direction[96]. - The company is committed to maintaining transparency and engaging with shareholders through regular meetings and updates[91]. Employee Management - The total number of employees at the end of the reporting period was 159, with 80 in production, 3 in sales, and 44 in technical roles[118]. - The company has a comprehensive salary and welfare system, providing competitive compensation and various benefits beyond the statutory requirements[120]. - The company implemented an annual training plan to enhance employee skills and management quality, focusing on both internal and external training[121]. Cash Flow and Investment - The net cash flow from operating activities for 2021 was ¥4,438,228.39, a significant decrease of 84.09% compared to ¥27,892,067.55 in 2020[19]. - The total investment amount for the reporting period was ¥421,864,589.26, a decrease of 40.00% from ¥703,060,580.05 in the previous year[63]. - The company’s cash flow management remains stable, ensuring sufficient liquidity for ongoing operations and investments[52]. Compliance and Regulatory Matters - The company has established clear procedures for managing related party transactions to ensure fairness and transparency[129]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[138]. - The company emphasizes the importance of corporate social responsibility, focusing on investor relations, employee rights protection, and supplier and customer relationship maintenance[139]. Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 20% to 1.8 billion CNY, driven by new product launches and market expansion strategies[152]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[161]. - Future guidance includes a focus on sustainability initiatives, aiming to reduce operational carbon emissions by 20% by 2025[154].

Financial Performance - The company's revenue for Q3 2021 reached ¥102,007,734.52, representing a 99.45% increase year-over-year[4] - Net profit attributable to shareholders was ¥40,665,843.78, a significant increase of 292.09% compared to the same period last year[4] - The basic earnings per share (EPS) was ¥0.57, reflecting a 280.00% increase year-over-year[4] - Total operating revenue for Q3 2021 reached ¥268,863,997.13, a significant increase of 90% compared to ¥141,536,106.53 in the same period last year[20] - The net profit for Q3 2021 was CNY 88,716,711.28, a significant increase of 129% compared to CNY 38,730,267.86 in the same period last year[21] - Operating profit for the quarter was CNY 104,378,779.56, compared to CNY 45,570,587.81 in Q3 2020, marking an increase of 129%[21] - The total comprehensive income for the quarter was CNY 88,716,711.28, reflecting a 129% increase from CNY 38,730,267.86 in the previous year[22] - The company experienced a significant increase in sales revenue, with cash received from sales reaching CNY 122,151,160.00, compared to CNY 56,629,517.88 in the same quarter last year[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,217,020,574.82, an increase of 8.29% from the end of the previous year[5] - Total assets as of September 30, 2021, amounted to ¥1,217,020,574.82, an increase from ¥1,123,832,495.50 at the end of 2020, reflecting a growth of about 8.4%[17] - Total liabilities increased to ¥225,640,030.69 from ¥199,718,662.65 at the end of 2020, marking an increase of approximately 13%[18] - The company's total equity reached ¥991,380,544.13 as of September 30, 2021, up from ¥924,113,832.85 at the end of 2020, representing a growth of about 7.3%[18] Cash Flow - The company reported a net cash flow from operating activities of -¥22,004,178.32, an improvement of 33.86% compared to the previous year[10] - Cash flow from operating activities showed a net outflow of CNY 22,004,178.32, an improvement from a net outflow of CNY 33,269,257.81 in the previous year[26] - Investment activities generated a net cash flow of -¥72,538,308.86, a decrease of 81.38% from the previous year, attributed to reduced purchases of wealth management products[10] - Total cash inflow from investment activities was CNY 313,009,386.39, compared to CNY 171,850,356.16 in the same quarter last year[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,122[12] - The company's equity attributable to shareholders increased to ¥991,380,544.13, up 7.28% from the previous year-end[5] Inventory and Receivables - Accounts receivable rose by 37.25% to ¥472,113,164.75, driven by business growth[9] - Accounts receivable increased to ¥472,113,164.75, compared to ¥343,975,523.90 at the end of 2020, indicating a growth of approximately 37.3%[16] - Inventory as of September 30, 2021, was ¥76,404,393.25, slightly up from ¥73,280,357.84 at the end of 2020, indicating a year-over-year increase of about 4.3%[16] Research and Development - Research and development expenses rose to CNY 8,582,071.23, up 24.6% from CNY 6,888,045.66 in Q3 2020[21] Future Outlook - Future outlook includes potential market expansion and new product development, although specific strategies were not detailed in the provided content[20] Government Subsidies - The company received government subsidies totaling ¥600,000.00 during the reporting period, contributing to other income growth[7] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥341,190,598.31 as of September 30, 2021, down from ¥457,499,639.63 at the end of 2020, representing a decline of about 25.5%[16] - The cash and cash equivalents at the end of the period stood at CNY 337,945,303.73, compared to CNY 80,499,339.02 at the end of Q3 2020[26] Other Financial Metrics - The company reported a net profit margin improvement, with net profit for the period increasing significantly, although specific figures were not disclosed in the provided content[20] - The company did not require adjustments to the balance sheet for the initial application of the new leasing standards[27]