Financial Performance - The company's operating revenue for 2022 was CNY 1,385,463,117.10, representing a 5.79% increase compared to CNY 1,309,618,586.79 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 58,106,969.31, a significant increase of 239.70% from a loss of CNY 41,595,016.28 in 2021[18]. - The net profit after deducting non-recurring gains and losses was CNY 55,760,553.24, up 222.86% from a loss of CNY 45,386,433.25 in the previous year[18]. - The basic earnings per share for 2022 was CNY 0.605, compared to a loss of CNY 0.43 in 2021, marking a 240.70% improvement[18]. - The total assets at the end of 2022 were CNY 1,608,356,345.44, reflecting a 16.14% increase from CNY 1,384,893,772.61 at the end of 2021[18]. - The net assets attributable to shareholders at the end of 2022 were CNY 796,616,135.89, a slight increase of 0.94% from CNY 789,192,763.63 in 2021[18]. - The net cash flow from operating activities for 2022 was CNY 32,025,841.49, down 74.20% from CNY 124,150,070.40 in 2021[18]. - The weighted average return on equity for 2022 was 7.51%, a recovery from -5.12% in 2021, indicating improved profitability[18]. Market Expansion and Strategy - The company plans to extend its business into smart products, industrial control, energy storage, and new energy vehicles, reflecting a strategic market expansion[31]. - The electronic sound industry is experiencing rapid growth driven by advancements in AI, 5G, and multimedia technology, creating new opportunities for the company[30]. - The company has established partnerships with major brands such as Apple, Beats, and Samsung, enhancing its market presence and competitive advantage[34]. - The overall market for smart headphones is expected to continue growing, although the growth rate has started to slow down[29]. - The company aims to diversify into the medical industry through the development of a TWS hearing aid, which is currently in progress[50]. Research and Development - The company holds 342 valid patents as of December 31, 2022, including 26 invention patents, indicating strong R&D capabilities[34]. - The company has focused on enhancing its R&D capabilities, with significant advancements in TWS and head-mounted headphones technology[39]. - Research and development expenses decreased by 7.59% to ¥52,605,737.76 as the company optimized its R&D projects[49]. - The company is developing high-end TWS headphones with blood oxygen measurement and noise-canceling features, which are expected to enhance market competitiveness in the high-end audio sector[50]. Acquisitions and Investments - The company completed the acquisition of 75.4091% of Feida Audio, enhancing its position in the audio industry[38]. - The company has established significant overseas assets, including investments in Hong Kong and Vietnam, with total overseas assets amounting to ¥345,599,774.49, accounting for 40.80% of total assets[56]. - The company has invested ¥30,371,425.58 in upgrading and expanding its headphone and accessory production line, with a total actual investment of ¥153,862,525.58[64]. Shareholder and Governance - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares to all shareholders, based on a total of 96,000,000 shares[3]. - The company has implemented a comprehensive investor relations management strategy to enhance communication and transparency with shareholders[96]. - The company held 4 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders, with a participation rate of 75.01% to 75.42%[101]. - The board of directors convened 11 meetings to review major company matters, ensuring compliance with legal procedures and effective execution of resolutions[99]. Risk Management - The company aims to mitigate foreign exchange risk through appropriate foreign exchange derivative transactions[69]. - The company has established an internal control management system for foreign exchange hedging business to enhance risk prevention measures[69]. - The company faces risks from raw material price volatility, which could significantly affect profit margins if costs rise without effective mitigation strategies[88]. - The integration of acquired assets, such as Feida Audio, poses challenges due to cultural and management differences, which could impact operational performance[89]. Employee and Talent Management - The company has implemented a training program for employees, focusing on management skills and professional development[125]. - The employee compensation policy emphasizes fairness and competitiveness, with a structure that includes basic salary, position salary, bonuses, and subsidies[124]. - Talent development will focus on a "selection, use, training, and retention" management system to meet the demands of business expansion[87]. Compliance and Internal Control - The company has established a robust internal control system and governance structure, aligning with relevant laws and regulations without significant discrepancies[98]. - The company reported that 100% of its total assets and operating income were included in the internal control evaluation scope[136]. - The company has committed to ensuring the accuracy and completeness of its prospectus and related documents, with a 30-day window to address any confirmed issues[149]. Future Outlook - The company has set a revenue guidance for 2023 at 1.5 billion RMB, projecting a growth of 25%[112]. - The management team emphasized a commitment to sustainability, aiming to reduce carbon emissions by 30% by 2025[112]. - The company plans to actively expand its business scope through capital operations, including investments and mergers, to enter high-quality industry tracks and develop new growth areas[84].

广东朝阳电子科技股份有限公司投资者关系活动记录表 | --- | --- | |---------------|--------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者 关系活 | 特定对象调研 □分析师会议 | | 动类别 | □媒体采访 □业绩说明会 | | | □路演活动 | | | | | | | | 参与单 位名称 | 财联社：甄有礼 | | 及人员姓名 | 玖金基金：苏将、王超、朱小泉、纪锐 | | | 长城证券：林良芳 | | | 粤兴投资：李军、何雪萍 | | | 华南大基金：王兑彰 | | | 牛金资管：沈俊 | | | 华麒资本：刘文智 | | | | | | 兴业证券：王韬 大秦基金：冯小亮 临界资本：胡不斯 个人投资者：郑军、李成军、张丽双、凌敏禄、郭文艺、 邹佳欣、林岿然、赵振东、吴景勇、张相清 | | 时间 2022 | 1 日下午 1 ...

广东朝阳电子科技股份有限公司 2022 年第三季度报告 证券代码：002981 证券简称：朝阳科技 公告编号：2022-067 广东朝阳电子科技股份有限公司 2022 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 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 | 本报告期比上年同期增减 | 年初至报告期末 | 年初至报告期末比 上年同期增减 | | --- | --- | --- | --- | --- | | 营业收入（元） | 377,921,457.44 | 21.32% | 1,006,118,501.43 | 12.17% | | 归属于上市公司股东的净 | 25,313,935.70 | 5,612.32 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥628.20 million, representing a 7.30% increase compared to ¥585.47 million in the same period last year[19]. - The net profit attributable to shareholders increased by 217.75% to approximately ¥15.13 million, up from ¥4.76 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses surged by 628.74% to approximately ¥16.45 million, compared to ¥2.26 million in the same period last year[19]. - Basic earnings per share increased by 220.00% to ¥0.16, compared to ¥0.05 in the same period last year[19]. - The weighted average return on net assets rose to 1.79%, up from 0.57% in the previous year[19]. - The net assets attributable to shareholders increased by 2.40% to approximately ¥808.15 million, compared to ¥789.19 million at the end of the previous year[19]. - The company's operating costs amounted to CNY 545.640 million, up 3.13% compared to the previous year[37]. - The company's revenue for the reporting period was approximately ¥628.20 million, representing a year-over-year increase of 7.30% compared to ¥585.47 million in the same period last year[40]. - The cost of sales increased by 3.13% to ¥545.64 million from ¥529.06 million, resulting in a gross margin of 13.13%[45]. - The gross profit margin for the electronic industry segment was 11.13%, reflecting a slight increase of 1.49% year-over-year[45]. Cash Flow and Investments - The company reported a negative net cash flow from operating activities of approximately ¥111.36 million, worsening by 458.68% from a negative cash flow of ¥19.93 million in the previous year[19]. - The company reported a significant increase in financing cash flow, with net cash from financing activities reaching ¥151.12 million, a 1,915.69% increase from a net outflow of ¥8.32 million in the previous year[40]. - The net cash and cash equivalents increased by 147.04% to ¥49.06 million, primarily due to changes in operating, investing, and financing cash flows[40]. - The total investment amount for the reporting period reached ¥431,045,512.01, a significant increase of 588.47% compared to ¥62,608,817.64 in the same period last year[54]. - The company has ongoing projects with a completion rate of 99.26% for the establishment of an acoustic research center, with an investment of ¥22,454,947.05[58]. - The company has made significant investments in upgrading production lines for headphones and accessories, totaling ¥14,934,028.20[58]. - The company has a total of ¥50,511,380.82 in financial assets, with ¥25,000,000.00 purchased during the reporting period[51]. - The company has utilized RMB 20 million of idle funds to temporarily supplement working capital, with a usage period not exceeding 12 months[66]. Acquisitions and Subsidiaries - The company completed the acquisition of 75.41% of Feida Audio, which has now become a controlling subsidiary, expanding its main business into acoustic products, precision components, and OEM production[27]. - The company acquired 75.4091% of the shares of Feida Audio, making it a subsidiary and enriching the company's business portfolio[38]. - The company has a total of 8 subsidiaries, with 100% ownership in several, including Dongguan Lusheng Electronics Technology Co., Ltd. and Vietnam Lusheng Industrial Co., Ltd.[159]. - The first phase of the share transfer was completed on March 1, 2022, with the company holding 75.4091% of Feida Audio, making it a subsidiary[104]. - The second phase of the share transfer will occur within 180 days after the first phase's two-year anniversary, with a price based on 20% of the audited net profit of Feida Audio for the most recent fiscal year[102]. Research and Development - Research and development investment reached CNY 24.3146 million, an increase of 37.21% year-on-year[37]. - Research and development expenses rose by 37.21% to ¥24.31 million, attributed to the consolidation of Feida Audio's financials and increased R&D investments[40]. - The company has established multiple technology research centers, enhancing its R&D capabilities in the audio industry[31]. - The company plans to enhance R&D investment and technological innovation to improve product value and mitigate raw material cost pressures[73]. Market Position and Risks - The company has established long-term partnerships with major clients, including Apple, Beats, Samsung, and Xiaomi, enhancing its market position[36]. - The TWS headphone market continues to grow, although the growth rate has slowed in recent years[30]. - The competitive landscape is intensifying, with numerous domestic players and foreign companies dominating the high-end market, posing risks to market expansion and technological upgrades[74]. - The company faced risks from the global COVID-19 pandemic, which has negatively impacted demand for consumer electronics[72]. - Labor shortages and rising labor costs pose risks to the company's operations, prompting a focus on automation and efficient task allocation across production bases[72]. - The company is exposed to exchange rate fluctuation risks due to its significant overseas business, which may affect pricing competitiveness[72]. - The company faces significant risks from raw material price fluctuations, which can adversely affect profitability if not managed effectively[73]. Governance and Compliance - The company has established a governance structure that includes a board of directors and various committees to ensure effective decision-making and risk management[83]. - The company has not faced any environmental penalties during the reporting period, indicating compliance with environmental regulations[83]. - The company is committed to employee rights protection, ensuring compliance with labor laws and providing necessary social insurance[83]. - The company emphasizes investor relations management, ensuring accurate and timely information disclosure to enhance its image in the capital market[84]. - The company maintains fair treatment of suppliers and customers, focusing on long-term partnerships and high satisfaction in product and after-sales service[84]. Financial Reporting and Accounting Policies - The semi-annual financial report has not been audited[90]. - The financial report for the first half of 2022 was not audited[129]. - The accounting policies followed are in accordance with the enterprise accounting standards, ensuring the financial statements reflect the true financial condition of the company[163]. - The company has not reported any significant changes in accounting policies or prior period error corrections during the current reporting period[154]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,458[118]. - The company has 96 million shares in total, with 75% being restricted shares[116]. - Guangdong Jianyi Investment Co., Ltd. holds 52.08% of the shares, amounting to 50 million shares[118]. - The company reported a profit distribution of CNY 4,800,000.00 to shareholders during the current period, reflecting a strategic decision to return value to investors[153].

Financial Performance - The company's revenue for Q1 2022 was CNY 275,201,501.10, representing a 7.15% increase compared to CNY 256,846,435.31 in the same period last year[3] - Net profit attributable to shareholders was CNY 4,142,861.68, a 1.42% increase from CNY 4,085,006.84 year-on-year[3] - The company recorded a profit before tax of CNY 6,426,223.13, a 44.30% increase compared to CNY 4,453,476.22 in the previous year[9] - The company reported a net profit of ¥217,138,307.57, compared to ¥212,995,445.89 in the previous period, showing a slight increase of 1.06%[16] - Net profit for the current period was ¥4,723,569.45, representing a 15.6% increase from ¥4,085,006.84 in the previous period[19] - Operating profit increased to ¥5,728,496.86, a rise of 33.5% compared to ¥4,290,477.17 in the last period[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -15,402,260.10, a decline of 142.18% compared to CNY 36,515,957.68 in the same period last year[3] - Cash flow from operating activities showed a net outflow of ¥15,402,260.10, a decrease from a net inflow of ¥36,515,957.68 in the previous period[21] - Cash and cash equivalents increased to ¥273,192,317.72 from ¥167,694,188.38, representing a growth of 62.73%[14] - Cash and cash equivalents at the end of the period totaled ¥269,993,244.60, down from ¥335,773,515.51 at the end of the previous period[22] Assets and Liabilities - Total assets increased by 30.02% to CNY 1,687,433,094.38 from CNY 1,297,836,124.47 at the end of the previous year[3] - Total assets rose to ¥1,687,433,094.38 from ¥1,384,893,772.61, reflecting a growth of 21.85%[15] - Total liabilities increased to ¥845,733,115.50 from ¥595,701,008.98, an increase of 42.00%[16] - The company's total equity at the end of the period is ¥841,699,978.88, up from ¥789,192,763.63, indicating a growth of 6.63%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,236[11] - The largest shareholder, Guangdong Jianyi Investment Co., Ltd., holds 52.08% of shares, totaling 50,000,000 shares[11] Inventory and Expenses - The company reported a significant increase in inventory, which rose by 39.05% to CNY 305,675,968.36 due to the consolidation of Feida Audio[8] - Management expenses surged by 87.91% to CNY 14,381,258.39, primarily due to the consolidation of Feida Audio[9] - Research and development expenses increased to ¥11,007,658.09, up 29.1% from ¥8,520,763.13 in the prior period[18] Market Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[12] Other Financial Metrics - The net profit after deducting non-recurring gains and losses decreased by 30.24% to CNY 2,653,325.98 from CNY 3,803,270.24 in the previous year[3] - The company experienced a 50.22% decrease in interest income, which fell to CNY 378,850.05 from CNY 760,990.25 in the same period last year[9] - Total operating revenue for the current period reached ¥275,201,501.10, an increase of 7.3% compared to ¥256,846,435.31 in the previous period[18] - Total operating costs amounted to ¥268,562,898.69, up 6.3% from ¥252,545,756.96 in the prior period[18] - The company reported a total comprehensive income of ¥4,447,981.41, compared to ¥3,538,254.19 in the previous period[19] - Basic and diluted earnings per share improved to ¥0.043, up from ¥0.040 in the last period[19] - The company experienced a significant increase in cash inflow from sales, totaling ¥449,203,385.02, compared to ¥320,753,778.35 in the previous period[20]

Financial Performance - The company's operating revenue for 2021 was ¥1,309,618,586.79, representing a 44.75% increase compared to ¥904,715,193.70 in 2020[18]. - The net profit attributable to shareholders was a loss of ¥41,595,016.28, a decrease of 191.50% from a profit of ¥45,459,132.47 in 2020[18]. - The net cash flow from operating activities increased by 205.53% to ¥124,150,070.40 from ¥40,634,009.00 in the previous year[18]. - The total assets at the end of 2021 were ¥1,384,893,772.61, a 12.00% increase from ¥1,236,505,128.30 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 5.56% to ¥789,192,763.63 from ¥835,675,870.49 in 2020[18]. - The basic earnings per share for 2021 was -¥0.43, a decline of 182.69% from ¥0.52 in 2020[18]. - The weighted average return on net assets was -5.12%, down from 6.49% in the previous year[18]. - The company reported a significant increase in operating revenue after deducting non-recurring gains and losses, amounting to ¥1,305,827,169.82[19]. - Total revenue for Q4 reached 412,646,889.67 CNY, marking a significant increase compared to Q1's 256,846,435.31 CNY[23]. - The net profit attributable to shareholders for Q4 was -46,799,404.79 CNY, a decline from a profit of 4,085,006.84 CNY in Q1[23]. - The net cash flow from operating activities in Q4 was 141,012,416.93 CNY, a recovery from -56,448,011.32 CNY in Q2[23]. Research and Development - The company focuses on the R&D, production, and sales of electroacoustic products, primarily serving downstream brand manufacturers and smart terminal manufacturers[29]. - The company has established a comprehensive R&D team with expertise in various key technology areas, enhancing its competitive edge in the electroacoustic industry[36]. - The company has achieved significant technological advancements in wireless earphone design, including a proprietary RF testing system[37]. - The company is committed to continuous product upgrades and innovations in both earphones and electroacoustic accessories[34]. - Research and development expenses rose by 47.23% to ¥56,927,118.70, reflecting increased investment to adapt to market demands[55]. - The number of R&D personnel increased to 403 in 2021, a growth of 19.94% compared to 336 in 2020[57]. - R&D investment amounted to ¥56,927,118.70 in 2021, representing a 47.23% increase from ¥38,665,294.08 in 2020[57]. - The proportion of R&D investment to operating revenue was 4.35% in 2021, slightly up from 4.27% in 2020[57]. Market and Product Development - The global TWS earphone market has been rapidly growing, driven by the increasing demand for wireless audio solutions[30]. - The company has developed high-end smart earphones, including smart sports earphones and smart noise-canceling earphones, which have gained market recognition[34]. - The company has developed a production process for ultra-fine enameled copper wire with a diameter of 0.02mm, meeting high-quality communication wire requirements[38]. - The company has established a complete product chain including communication wires, headphone ear cushions, semi-finished headphones, and finished headphones, enhancing its competitive advantage[40]. - The company has developed a range of products including over-ear headphones, smart sports headphones, and TWS headphones, diversifying its product structure[41]. - The company is currently developing multiple new products, including TWS headphones and high-end headsets, to strengthen its market position in the audio sector[56]. Customer and Supplier Relations - The company has established long-term cooperative relationships with major clients such as Apple, Samsung, and Xiaomi, enhancing its customer resource advantage[45]. - The top five customers accounted for 80.96% of total sales, with the largest customer contributing 27.07% of total sales[53]. - Domestic revenue accounted for 60% of total revenue, increasing by 28.76% to ¥785,728,304.50, while overseas revenue grew by 77.89% to ¥523,890,282.29, making up 40% of total revenue[47]. - The company emphasizes fair treatment of suppliers and aims to maintain long-term cooperative relationships with them[146]. Operational Efficiency - The company emphasizes refined production management, ensuring high product quality and efficient order fulfillment[42]. - The company has introduced high-precision detection equipment such as CCD video microscopes and fully automatic 3D imaging measurement instruments to improve quality control[43]. - The company has multiple production bases in Dongguan, Laiwu, Vietnam, and India, allowing for cost reduction and proximity to emerging markets[44]. - The cost of raw materials increased by 66.44% to ¥920,076,687.40, representing 76.46% of total operating costs[52]. - The total operating costs for 2021 were ¥1,203,343,823.49, a 59.59% increase from ¥753,815,471.88 in 2020[51]. Governance and Compliance - The company has established a comprehensive internal control system that meets national legal and regulatory requirements, ensuring the healthy operation of business activities[138]. - The company has a complete and reasonable corporate governance structure, continuously improving its governance quality in response to business growth and market changes[142]. - The company actively respects and protects the rights of stakeholders, promoting balanced interests among shareholders, employees, customers, and suppliers[101]. - The company has established an independent financial accounting system, enabling autonomous financial decision-making without shared bank accounts with controlling shareholders[104]. - The independent directors maintain their independence and provide unbiased opinions to protect the interests of the company and minority shareholders[101]. Shareholder and Management Structure - The company held 3 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders, with a participation rate of 75.14% in the annual meeting[105]. - The board of directors convened 11 meetings to review significant matters, ensuring compliance with legal procedures and effective execution of resolutions[101]. - The company has a diverse management team with extensive backgrounds in electronics and finance, enhancing its operational capabilities[110][112]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2.7674 million[120]. - The company has maintained a stable shareholding structure, which may reflect confidence in its future performance[107]. Risks and Challenges - The company recognizes risks from the ongoing global COVID-19 pandemic, which could adversely affect performance due to potential impacts on domestic and overseas operations[93]. - Currency exchange rate fluctuations pose a risk to the company's overseas business, potentially affecting price competitiveness and leading to performance volatility[94]. - The company faces challenges from labor shortages and rising labor costs, necessitating continuous improvements in automation and production efficiency[94]. - The integration of Feida Audio post-acquisition presents risks related to cultural and management differences, which could impact operational performance if not managed effectively[96]. - The company acknowledges the risk of goodwill impairment if Feida Audio's performance does not meet expectations, which could negatively affect overall business results[96]. Investment and Financing - The company has invested RMB 10,000 million in bank wealth management products, with an outstanding balance of RMB 5,000 million[190]. - The company has committed to a stock repurchase plan, with a maximum repurchase fund limit set at 10% of the net financing amount raised from the IPO[153]. - The company will ensure that any share reduction price will not be lower than the IPO price, adhering to regulatory guidelines[152]. - The company has established measures to ensure that any misleading statements in the prospectus will be addressed, including public apologies and compensation for losses[161]. Future Plans - The company plans to enhance supply chain management and integrate upstream core material supplies to leverage its technological and cost advantages[88]. - The company aims to deepen resource integration and optimization based on its accumulated experience in technology R&D and manufacturing in the electroacoustic industry[88]. - In 2022, the company aims to expand its existing customer base while actively seeking new clients to increase market share and influence[89]. - The company plans to enhance its R&D capabilities by increasing investment and optimizing processes to improve efficiency and innovation in response to market demands[90].

Revenue and Profit - Revenue for Q3 2021 reached ¥311,497,145.50, an increase of 14.82% year-over-year, while year-to-date revenue grew by 46.81% to ¥896,971,697.12[3] - Net profit attributable to shareholders was ¥443,146.54, a significant decrease of 97.92% compared to the same period last year, with year-to-date net profit down 86.06% to ¥5,204,388.51[3] - The net profit after deducting non-recurring gains and losses was -¥512,318.47 for Q3 2021, reflecting a 102.40% decline, and a year-to-date decrease of 95.27% to ¥1,744,704.53[3] - Total operating revenue for the third quarter of 2021 reached ¥896,971,697.12, a significant increase of 46.7% compared to ¥610,992,097.56 in the same period last year[17] - Net profit attributable to the parent company was ¥5,204,388.51, a decrease of 86.1% from ¥37,346,132.41 in the previous year[18] - Total comprehensive income for the period was CNY 5,691,549.98, a significant decrease from CNY 37,613,102.44 in the previous period[19] - Basic and diluted earnings per share were both CNY 0.05, down from CNY 0.44 in the same period last year[19] Operating Costs and Cash Flow - Total operating costs amounted to ¥889,712,704.75, up 56.0% from ¥570,031,205.47 year-over-year, with operating costs specifically rising from ¥509,863,680.76 to ¥804,356,340.85[17] - Operating cash flow for the year-to-date period was -¥16,862,346.53, a decrease of 226.88% compared to the previous year[3] - Cash inflow from operating activities totaled CNY 906,808,505.27, compared to CNY 791,584,621.43 in the previous period, indicating a year-over-year increase of approximately 14.5%[22] - Cash outflow from operating activities was CNY 923,670,851.80, up from CNY 778,294,489.26, resulting in a net cash flow from operating activities of CNY -16,862,346.53, a decline from CNY 13,290,132.17[22] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥1,360,435,952.91, representing a 10.02% increase from the end of the previous year[3] - The company's total assets increased to ¥1,360,435,952.91, up from ¥1,236,505,128.30, reflecting a growth of 10.0%[15] - Current assets totaled ¥877,033,070.83, slightly up from ¥864,946,849.64, indicating a growth of 1.3%[14] - The total liabilities increased to ¥523,868,532.44 from ¥400,829,257.81, representing a growth of 30.7%[15] - Total liabilities amounted to CNY 400,829,257.81, with current liabilities at CNY 398,089,257.81[27] - Non-current liabilities totaled CNY 2,740,000.00, with a significant portion being estimated liabilities of CNY 2,260,300.00[27] Research and Development - The company has increased its management and R&D investments to acquire new customers and projects, impacting net profit[7] - Research and development expenses for the quarter were ¥32,614,708.66, up from ¥27,106,134.68, indicating a 20.5% increase year-over-year[18] Financial Health and Subsidies - The company received government subsidies related to normal business operations amounting to ¥1,203,100.00 for the year-to-date period[5] - The company maintained a stable capital reserve of CNY 457,738,616.32, indicating strong financial health[27] Other Financial Information - The company reported a financial expense of ¥508,354.33, a decrease from ¥1,959,267.81 in the previous year[18] - The cash and cash equivalents decreased to ¥122,615,949.42 from ¥250,478,265.52, a decline of 51.0%[14] - The ending cash and cash equivalents balance was CNY 118,303,868.34, down from CNY 393,706,901.57 at the end of the previous period[23] - The company received CNY 100,000,000.00 from investment recoveries during the period[22] - The company paid CNY 160,942,915.56 in employee compensation, an increase from CNY 112,806,049.67 in the previous period[22] Financial Reporting and Standards - The company adopted new leasing standards effective January 1, 2021, impacting financial reporting without adjusting comparative period information[28] - The weighted average interest rate for lease liabilities was between 3.30% and 4.65%[29] - The third quarter report was not audited, indicating potential limitations in financial assurance[30] - The company did not disclose any new product developments or market expansion strategies in the report[27] - There were no significant changes in the ownership structure or major acquisitions reported during the quarter[27]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥585,474,551.62, representing a 72.35% increase compared to ¥339,704,507.40 in the same period last year[21]. - The net profit attributable to shareholders decreased by 70.28% to ¥4,761,241.97 from ¥16,019,821.12 year-on-year[21]. - The net profit after deducting non-recurring gains and losses dropped by 85.48% to ¥2,257,023.00 compared to ¥15,543,764.44 in the previous year[21]. - Basic earnings per share fell by 75.00% to ¥0.05 from ¥0.20 year-on-year[21]. - The company reported a total comprehensive income of ¥4,209,992.56, down 79.1% from ¥20,102,624.14 in the previous year[142]. - The company's revenue for the reporting period reached ¥585,474,551.62, representing a 72.35% increase compared to ¥339,704,507.40 in the same period last year, primarily driven by an increase in Bluetooth headset orders[49]. - The gross profit margin for earphone products increased significantly, with earphone finished products accounting for 80.14% of total revenue, up from 62.26% in the previous year, reflecting a 121.87% increase[51]. - The company reported a net cash outflow from operating activities of ¥19,932,053.64, a significant decrease from a net inflow of ¥15,316,011.78 in the previous year, primarily due to increased payments for goods and services[49]. Assets and Liabilities - Total assets increased by 6.73% to ¥1,319,687,318.18 from ¥1,236,505,128.30 at the end of the previous year[21]. - The company's equity totaled CNY 835,085,863.05, slightly down from CNY 835,675,870.49, indicating a decrease of approximately 0.7%[134]. - Total liabilities increased to CNY 484,601,455.13, up from CNY 400,829,257.81, marking a rise of around 20.9%[133]. - Current liabilities amounted to CNY 480,260,787.54, compared to CNY 398,089,257.81, showing an increase of approximately 20.6%[133]. - The company's cash and cash equivalents decreased from ¥250,478,265.52 at the end of 2020 to ¥140,822,964.58 by June 30, 2021, a decline of approximately 43.8%[131]. Research and Development - Research and development investment increased by 10.06% to ¥17,720,200.40, compared to ¥16,100,314.88 in the previous year, indicating a commitment to innovation[49]. - The company has a robust R&D team with extensive experience in the electroacoustic field, leading to multiple patents in key production technologies[37]. - The company has developed high-end smart earphones, such as smart sports earphones and smart noise-canceling earphones, which have gained wide recognition in the market[32]. Market Position and Products - The main business remains focused on the research, production, and sales of electroacoustic products, primarily providing smart or specialized earphone products to downstream brand manufacturers[29]. - The company has established a strong market position, entering the supply chains of renowned brands like Apple, Beats, and Samsung[35]. - The company has developed a complete product chain in the electroacoustic industry, including communication cables, earphone casings, semi-finished and finished earphones, enhancing its competitive advantage through vertical integration[41]. - The global TWS earphone industry has seen rapid growth, with increasing market demand driven by the popularity of wireless transmission technologies[34]. Risks and Challenges - The company faces potential industry risks and challenges as outlined in the management discussion section[5]. - The company faces risks from the ongoing global COVID-19 pandemic, which may adversely affect its performance if overseas outbreaks are not effectively controlled[74]. - Labor shortages and rising labor costs pose risks due to structural imbalances in labor supply and demand, necessitating competitive compensation systems[76]. - The competitive landscape is intensifying, with numerous domestic producers and foreign companies holding advantages in high-end markets, posing risks to market expansion and technological upgrades[77]. Cash Flow and Investments - The cash flow from operating activities was ¥645,286,442.49, an increase from ¥551,537,462.66 in the same period last year[148]. - The company has ongoing investments in technology upgrades and expansion projects, with a total investment of 216,645,187.34[64]. - Cash flow from investing activities showed a net outflow of -70,558,714.19 yuan, compared to -80,894,282.32 yuan in the previous year[153]. Shareholder Information - The total number of shares is 96 million, with 75% being limited shares and 25% being unrestricted shares[115]. - The total number of ordinary shareholders at the end of the reporting period was 12,776[117]. - Guangdong Jianyi Investment holds 52.08% of the shares, amounting to 50,000,000 ordinary shares[117]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[82]. Compliance and Governance - The half-year financial report has not been audited, indicating that the financial results are still subject to review[92]. - The company adheres to the Chinese accounting standards, ensuring the accuracy and completeness of its financial reporting[171]. - The financial statements were approved for release by the board on August 20, 2021, ensuring timely disclosure of financial performance[167].

Financial Performance - The company's revenue for Q1 2021 was ¥256,846,435.31, representing an increase of 80.77% compared to ¥142,082,011.17 in the same period last year[8] - Net profit attributable to shareholders was ¥4,085,006.84, a slight increase of 3.17% from ¥3,959,406.98 year-on-year[8] - The net profit after deducting non-recurring gains and losses decreased by 2.68% to ¥3,803,270.24 from ¥3,908,016.68 in the previous year[8] - Basic and diluted earnings per share decreased by 27.27% to ¥0.040 from ¥0.055 year-on-year[8] - Total operating revenue for Q1 2021 reached CNY 256,846,435.31, a significant increase from CNY 142,082,011.17 in the previous period[40] - Net profit for Q1 2021 was CNY 4,085,006.84, slightly up from CNY 3,959,406.98 in the previous year[42] - The company reported a total comprehensive income of CNY 3,111,585.87 for the first quarter, compared to CNY 507,873.73 in the same period last year[47] Cash Flow and Liquidity - The net cash flow from operating activities was ¥36,515,957.68, down 24.42% from ¥48,311,919.68 in the same period last year[8] - The cash flow from operating activities generated a net amount of CNY 36,515,957.68, a decrease from CNY 48,311,919.68 in the previous year[50] - The company's cash and cash equivalents increased to RMB 340.38 million as of March 31, 2021, up from RMB 250.48 million at the end of 2020, representing a growth of approximately 35.9%[32] - Total cash and cash equivalents at the end of the period amounted to CNY 335,773,515.51, compared to CNY 56,148,530.04 at the end of the previous year[51] - The cash flow from investment activities generated a net inflow of CNY 51,959,887.59, compared to a net outflow of CNY 49,753,293.15 in the previous year[50] - The cash flow from financing activities resulted in a net inflow of CNY 2,518,047.17, compared to a net outflow of CNY 9,479,494.81 in the previous year[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,297,836,124.47, an increase of 4.96% from ¥1,236,505,128.27 at the end of the previous year[8] - Total assets reached RMB 1.30 billion as of March 31, 2021, compared to RMB 1.24 billion at the end of 2020, marking an increase of about 4.8%[35] - Total liabilities increased to RMB 458.47 million as of March 31, 2021, from RMB 400.83 million at the end of 2020, an increase of approximately 14.4%[34] - Total liabilities rose to CNY 407,158,615.56, compared to CNY 388,766,126.88 in the previous period[38] - The total equity as of March 31, 2021, was RMB 839.37 million, slightly up from RMB 835.68 million at the end of 2020, indicating a growth of about 0.2%[35] - The company's equity totaled CNY 795,740,053.95, an increase from CNY 793,919,965.46[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,691[12] - The largest shareholder, Guangdong Jianyi Investment Co., Ltd., holds 52.08% of the shares, totaling 50,000,000 shares[12] Operational Metrics - Sales of goods and services amounted to ¥320.75 million, reflecting a 59% increase from ¥202.37 million year-on-year, primarily due to cash receipts from Q4 2020 sales[16] - Cash paid for purchasing goods and services rose by 105% to ¥229.71 million, driven by increased order volumes compared to the same period last year[16] - Cash paid to employees increased by 51% to ¥54.36 million, reflecting a rise in employee numbers compared to the previous year[16] - The company experienced a 37% decrease in payable employee compensation, down to ¥8.09 million, due to year-end bonuses being paid out in the current period[16] Government Support - The company received government subsidies amounting to ¥9,622.64 during the reporting period[9] Investment Activities - The company raised a net amount of RMB 361.38 million from its initial public offering in April 2020[23] - As of March 31, 2021, the company had utilized RMB 9.47 million of the raised funds, with a cumulative investment of RMB 107.23 million[23] - The company reported an investment income of ¥118.90 thousand, attributed to the recognition of returns from bank wealth management products[16] - The company received CNY 100,000,000.00 from investment recoveries during the quarter[51] Accounting and Compliance - The company reported no significant changes in accounting policies for derivative financial instruments compared to the previous reporting period[22] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[25][27] - The first quarter report was not audited, indicating that the figures may be subject to change upon final review[62]