深圳市长盈精密技术股份有限公司 2018 年第三季度报告全文 深圳市长盈精密技术股份有限公司 2018 年第三季度报告 2018-69 2018 年 10 月 1 深圳市长盈精密技术股份有限公司 2018 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。 公司负责人陈奇星、主管会计工作负责人朱守力及会计机构负责人(会计主 管人员)徐达海声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市长盈精密技术股份有限公司 2018 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） | 10,534,052,556.81 | 10,083,492,109.94 | | | 4.47% ...

Capital Structure and Shareholder Information - The company's registered capital increased from RMB 908,508,085 to RMB 909,234,205 on March 29, 2018, and further to RMB 909,860,262 on July 13, 2018, due to the exercise of stock options[18]. - The total share capital rose from 90,850,808.5 shares to 90,923,420.5 shares and then to 90,986,026.2 shares during the same period[18]. - The total number of shares issued by the company is 909,860,262 shares, with a par value of 1 RMB per share[172]. - The total number of ordinary shareholders at the end of the reporting period was 48,031[124]. - The largest shareholder, Xinjiang Changying Yuefu Equity Investment Co., Ltd., holds 42.68% of shares, totaling 388,316,759 shares[124]. - The second-largest shareholder, Central Huijin Asset Management Co., Ltd., holds 4.53% of shares, totaling 41,222,880 shares[124]. - The total number of shares held by directors, supervisors, and senior management at the end of the period was 5,696,614 shares, with an increase of 538,672 shares during the period[132]. - The company has no changes in controlling shareholders or actual controllers during the reporting period[126]. - The company’s shareholders included various high-level executives, with specific shares under lock-up agreements[122]. Financial Performance - Total revenue for the reporting period was CNY 3,623,633,040.81, a decrease of 1.99% compared to the same period last year[27]. - Net profit attributable to shareholders was CNY 91,385,927.68, down 74.11% year-on-year[27]. - Net profit after deducting non-recurring gains and losses was CNY 59,428,102.22, a decline of 82.23% compared to the previous year[27]. - Operating cash flow for the period increased significantly to CNY 515,393,392.46, up 248.97% year-on-year[27]. - The company's total assets decreased by 1.88% to CNY 9,893,928,934.00 compared to the end of the previous year[27]. - The gross profit margin for mobile and communication terminal metal appearance parts was 22.07%, down 4.25% year-on-year, with revenue decreasing by 14.85%[40]. - The company reported a significant increase in other income, which rose by 58.16% to approximately ¥38.29 million, mainly due to increased government subsidies received[38]. - The company reported a total asset decrease from CNY 10,083,492,109.94 to CNY 9,893,928,934.00, a decline of approximately 1.88%[142]. - The company reported a total of 6,064,847.00 in new capital contributions during the current period[164]. Research and Development - The company is committed to developing new products and technologies, particularly in the fields of industrial automation and smart devices[10]. - The report highlights the company's focus on precision components for mobile communication terminals and new energy vehicles[9]. - The company has developed 202 new patents, including 27 invention patents, during the reporting period[29]. - Research and development expenses increased by 42.69% to approximately ¥384.44 million, primarily due to increased investment in new product development[38]. - New product innovations include a retractable structure component successfully applied in vivo NEX and OPPO Find X models[34]. Environmental Compliance and Sustainability - The company has invested in an industrial wastewater treatment station to meet environmental protection requirements, ensuring wastewater discharge meets standards through third-party monitoring[102]. - The company has established air pollution control facilities, utilizing methods such as neutralization and water mist spraying, with annual third-party monitoring confirming compliance with national regulations[102]. - The company has actively responded to national environmental policies by shutting down and dismantling certain production lines, such as anodizing and electroplating, to enhance green manufacturing practices[111]. - The company has implemented a new environmentally friendly cutting fluid, replacing semi-synthetic fluids with fully synthetic recyclable options, significantly reducing waste generation[111]. - The company has established a hazardous waste management process, ensuring proper storage and disposal through qualified third-party vendors[103]. Corporate Governance and Accountability - The board of directors confirmed that all members attended the meeting to review the report, ensuring accountability for the report's accuracy and completeness[3]. - The financial report is prepared under the supervision of the company's accounting personnel, ensuring compliance with relevant regulations[3]. - The company emphasizes the importance of understanding the risks associated with future plans and forecasts presented in the report[4]. - The company has not reported any changes in its registered address or contact information during the reporting period[15]. Stock Options and Employee Incentives - The first phase of the stock option incentive plan was approved, with the total number of stock options adjusted from 6.9 million to 13.5756 million, and the exercise price adjusted from 33.74 yuan to 16.82 yuan[71]. - The first stock option incentive plan granted a total of 13.51 million options, with 1.22 million options granted initially and a reserved amount of 1.27 million options remaining unchanged[72]. - The company completed the cancellation of stock options for departed employees, ensuring that 8.63 million options remained available for current participants[73]. - The first employee stock ownership plan involved the transfer of 2.58 million shares, representing 0.46% of the total share capital, at an average repurchase price of 30.63 RMB per share[80]. - The second employee stock ownership plan was completed on October 27, 2017, with the purchase of 21,373,201 shares, accounting for 2.35% of the total share capital, at a total transaction amount of 650,342,596.80 yuan, averaging approximately 30.43 yuan per share[81]. Financial Instruments and Accounting Policies - The company adheres to the accounting standards, ensuring that the financial statements reflect a true and complete picture of its financial status and operating results[178]. - The company uses RMB as its functional currency for accounting purposes[181]. - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition tailored to its operational characteristics[177]. - The company recognizes gains or losses from changes in the fair value of financial assets or liabilities, with specific treatments for different categories[193]. - Impairment testing for financial assets is conducted at the balance sheet date, with specific criteria for recognizing impairment losses based on future cash flow estimates[197].

Financial Performance - The company's total revenue for 2017 was CNY 8,431,603,740.91, representing a 37.78% increase compared to 2016[26]. - Net profit attributable to shareholders decreased by 16.49% to CNY 570,965,497.14 in 2017[26]. - The net cash flow from operating activities dropped significantly by 74.51% to CNY 277,639,807.57[26]. - The company achieved a basic earnings per share of CNY 0.63, down 17.11% from the previous year[26]. - Total assets increased by 23.23% to CNY 10,083,492,109.94 by the end of 2017[26]. - The company reported a significant increase in fixed assets by 39.95%, amounting to CNY 95,875,170.00, due to infrastructure completion and new equipment purchases[27]. - The company maintained stable growth in the metal appearance parts sector, benefiting from the market share increase of major clients like OPPO, VIVO, and Huawei[32]. - The revenue from electronic components was ¥8,394,638,235.96, accounting for 99.56% of total revenue, with a year-on-year increase of 37.52%[42]. - The domestic revenue was ¥7,203,740,270.64, which is 85.44% of total revenue, showing a growth of 33.98% year-on-year[42]. Research and Development - The company is increasing its investment in R&D and has introduced a significant number of management and technical talents with multinational experience, leading to an increase in R&D and labor costs[7]. - The company added 263 new patents during the reporting period, including 70 invention patents[30]. - Research and development expenses for 2017 reached ¥629,112,085.73, which is 7.46% of the operating revenue[55]. - The company’s R&D personnel increased to 4,767, representing 21.26% of the total workforce[55]. - The company aims to enhance its R&D, production, management, and service levels through intelligent manufacturing initiatives[76]. Investment and Capital Expenditure - The company has experienced significant infrastructure and equipment investments, leading to an increase in depreciation and maintenance costs[7]. - The company has made strategic equity investments, including a 65% stake in a new ceramic technology company, indicating a focus on expanding its product offerings in the smart terminal sector[66]. - The company increased its investment in the electric vehicle components sector, acquiring a 70% stake in Suzhou KeLunTe[49]. - The company reported a 75.95% decrease in investment amounting to ¥180,500,000.00 compared to ¥750,568,414.24 in the previous year[65]. - The company has shifted its focus to projects that align with national policies and market trends, particularly in smart manufacturing[76]. Market Strategy and Operations - The company is focusing on technology investments in precision ceramic structural components and new energy vehicle components, which are subject to various market factors affecting profitability[8]. - The company aims to mitigate cost pressures by optimizing sales, improving processes, enhancing yield rates, and increasing automation levels[7]. - The company recognizes the rapid changes in consumer electronics market demand and plans to closely follow market trends for timely production preparations[5]. - The company is committed to transitioning from traditional manufacturing to smart manufacturing and Industry 4.0 strategies[6]. - The company plans to implement lean production initiatives to reduce costs and improve profitability across various operational aspects[87]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders based on a total share capital of 909.234205 million shares as of March 29, 2018[8]. - The company declared a cash dividend of RMB 1.5 per 10 shares, totaling RMB 135,458,072.55 for the year 2016, which was distributed on May 31, 2017[92]. - For the year 2017, the company plans to distribute a cash dividend of RMB 1 per 10 shares, amounting to RMB 90,923,420.50, pending shareholder approval[96]. - The cash dividend for 2017 represents 15.92% of the net profit attributable to shareholders of the listed company[97]. - The company has maintained a consistent cash dividend policy, with the cash dividend ratio for 2016 at 19.81% and for 2015 at 37.36%[97]. Compliance and Governance - The company has strict compliance with commitments related to tax obligations and social insurance payments[99]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[97]. - The company has not violated any commitments regarding competition or related party transactions during the reporting period[99]. - The company has maintained compliance with all regulatory requirements throughout the reporting period[99]. - The company reported no violations regarding external guarantees during the reporting period[141]. Environmental Responsibility - The company has established an industrial wastewater treatment station to comply with environmental requirements and monitors wastewater discharge daily[149]. - The company has implemented a comprehensive environmental monitoring program, with all 2017 monitoring results for water, noise, and waste gas meeting regulatory standards[156]. - The company has established emergency response plans for environmental incidents in compliance with national regulations[154]. - The company has completed environmental impact assessments for all construction projects, ensuring compliance with environmental protection laws[151]. - The company has committed to continuous improvement in environmental protection measures and compliance with relevant laws and regulations[156]. Employee Management and Training - The total number of employees in the company is 22,425, with 5,716 in the parent company and 16,709 in major subsidiaries[191]. - The company emphasizes the importance of employee training to enhance work efficiency and corporate culture[197]. - New employees must undergo a comprehensive onboarding training program covering company overview, organizational structure, and production processes[198]. - Annual re-certification and retraining are mandatory for frontline employees to maintain their operational qualifications[199]. - The company has established a performance evaluation system for senior management, which influences their remuneration based on annual performance goals[189].

第一节 重要提示 深圳市长盈精密技术股份有限公司 2018 年第一季度报告全文 深圳市长盈精密技术股份有限公司 2018 年第一季度报告 2018-30 2018 年 04 月 1 深圳市长盈精密技术股份有限公司 2018 年第一季度报告全文 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。 公司负责人陈奇星、主管会计工作负责人朱守力及会计机构负责人(会计主 管人员)徐达海声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市长盈精密技术股份有限公司 2018 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 1,644,806,342.85 | 1,882,524,265.50 | -12.63% | | 归属于上市公司股东的净利润（元） ...

Financial Performance - The company's total revenue for 2017 was CNY 8,431,603,740.91, representing a 37.78% increase compared to 2016[26]. - Net profit attributable to shareholders was CNY 570,965,497.14, a decrease of 16.49% from the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 517,804,705.03, down 18.52% year-on-year[26]. - The net cash flow from operating activities was CNY 277,639,807.57, a significant decline of 74.51% compared to 2016[26]. - The total assets at the end of 2017 reached CNY 10,083,492,109.94, an increase of 23.23% from the previous year[26]. - The company's total revenue for 2017 reached ¥8,431,603,740.91, representing a year-on-year growth of 37.78%[35]. - The net profit attributable to shareholders decreased by 16.49% to ¥570,965,497.14 due to fluctuations in domestic customer shipments[35]. - The company reported a decrease in long-term equity investments by CNY 35,148,900, a reduction of 28.28% year-on-year[27]. Dividend Policy - The company plans to distribute a cash dividend of 1 RMB per 10 shares (including tax) based on a total share capital of 909.234205 million shares as of March 29, 2018[8]. - For the 2017 fiscal year, the company plans to distribute a cash dividend of RMB 1 per 10 shares, amounting to RMB 90,923,420.50, pending shareholder approval[96]. - The net profit attributable to the parent company for 2017 was RMB 570,965,497.14, with a cash dividend payout ratio of 15.92%[97]. - The company’s total distributable profit at the end of 2017 was RMB 104,787,940.00 after accounting for the legal surplus reserve[96]. - The company has maintained a consistent cash dividend policy, with cash dividends representing 19.81% and 37.36% of net profits in 2016 and 2015, respectively[97]. - The company committed to distributing at least 15% of the distributable profit as cash dividends annually[98]. Strategic Initiatives - The company is transitioning from traditional manufacturing to smart manufacturing and Industry 4.0, leading to increased R&D and labor costs, which may impact profit margins[7]. - The company is investing in new projects, including precision ceramic components and components for new energy vehicles, to enhance its technological advantages and market competitiveness[8]. - The company has a comprehensive strategy to enhance its market position through technology investments and product development in high-demand sectors[8]. - The company is closely monitoring market trends to adapt its production preparations, including R&D, facilities, and personnel, to respond quickly to customer demands[5]. - The company is actively expanding its product offerings in the new energy vehicle components sector, including high-current busbars and charging guns, with expected sales scale in 2018[85]. Research and Development - The company added 263 new patent authorizations during the reporting period, including 70 invention patents[30]. - Research and development expenses for 2017 amounted to ¥629,112,085.73, which is 7.46% of the operating revenue[55]. - The company’s R&D personnel increased to 4,767, representing 21.26% of the total workforce[55]. - The company has invested significantly in the development of stainless steel and aluminum alloy metal frame manufacturing processes, laying a solid foundation for the widespread adoption of metal frames in 2018[83]. Market Position and Clientele - The company’s strategic focus on major clients like OPPO, VIVO, and Huawei contributed to stable growth in the metal appearance parts sector[32]. - The company expanded its international customer base, mitigating the impact of a 11.69% decline in the domestic smartphone market[35]. - The total sales amount from the top five customers reached ¥6,554,085,396.82, accounting for 77.73% of the annual total sales[50]. Operational Efficiency - The company emphasizes the importance of improving product yield and managing costs to mitigate the impact of rising expenses on operational performance[7]. - The company has a strong focus on optimizing sales and enhancing management to counteract cost pressures[7]. - The company is implementing lean production initiatives to reduce costs and improve efficiency across six operational areas, enhancing overall profitability[87]. Corporate Governance - The company is committed to maintaining high standards of corporate governance with a diverse and experienced board of directors[172]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements[195]. - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[193]. Employee Management - The total number of employees in the company is 22,425, with 5,716 in the parent company and 16,709 in major subsidiaries[179]. - The total remuneration for directors, supervisors, and senior management during the reporting period was 9.6749 million yuan[177]. - The company has established a performance evaluation system for senior management, which influences their remuneration based on annual work goals and performance[177]. Compliance and Legal Matters - The company has not faced any legal disputes or economic losses related to property leasing during the reporting period[99]. - The company has strict compliance with commitments related to tax obligations and social insurance payments[99]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[102].

Financial Performance - Operating revenue for the current period reached CNY 2,257,744,716.08, a 53.92% increase year-on-year[8] - Net profit attributable to shareholders for the current period was CNY 187,045,863.29, up 17.78% year-on-year[8] - Basic earnings per share for the current period was CNY 0.21, reflecting a 16.67% increase compared to the same period last year[8] - Total operating revenue for Q3 2017 reached CNY 2,257,744,716.08, a significant increase of 54% compared to CNY 1,466,817,157.58 in the same period last year[42] - The net profit for the third quarter of 2017 reached CNY 182,396,622.55, representing a year-on-year increase of 11.3% from CNY 163,354,595.16[44] - The company's total comprehensive income for the third quarter was CNY 182,633,675.58, up from CNY 163,364,646.48 in the same quarter last year, reflecting a growth of 11.8%[44] - Basic and diluted earnings per share for the third quarter were both CNY 0.21, an increase from CNY 0.18 in the previous year[44] Assets and Liabilities - Total assets increased by 19.13% to CNY 9,747,642,299.55 compared to the end of the previous year[8] - The company's total assets as of the end of Q3 2017 amounted to CNY 6,687,371,413.81, compared to CNY 5,396,628,122.45 at the beginning of the year, indicating a growth of about 24%[39] - The total liabilities increased to CNY 5,152,633,734.65 from CNY 3,991,924,787.56, representing a rise of approximately 29%[37] - The company reported a total current liabilities of RMB 4.57 billion, compared to RMB 3.63 billion at the beginning of the period, reflecting an increase of about 25.9%[35] Cash Flow - The net cash flow from operating activities decreased by 76.44% to CNY 206,054,726.54 year-to-date[8] - Net cash flow from operating activities decreased by CNY 668.55 million, a decline of 76.44% year-on-year, mainly due to increased cash payments for goods[19] - Operating cash flow net amount was ¥206,054,726.54, a decrease of 76.5% compared to ¥874,604,690.34 in the previous period[56] - Cash inflow from financing activities totaled $1,779,301,028.97, significantly higher than $748,191,980.59 in the prior period, marking an increase of about 137.5%[60] - The cash and cash equivalents at the end of the period amounted to $856,573,854.58, up from $612,635,998.60 in the previous period, reflecting an increase of approximately 39.9%[60] Shareholder Information - The company had a total of 14,595 common shareholders at the end of the reporting period[11] - The largest shareholder, Xinjiang Changying Yuefu Equity Investment Co., Ltd., held 42.73% of the shares[11] - No significant changes in the number of restricted shares were reported during the period[12] Investments and Joint Ventures - The company established a joint venture with Yaskawa Electric Corporation, with a total investment of CNY 100 million, where the company holds a 65% stake[20] - The company signed agreements to establish three joint ventures with Sanhuan Group, with registered capital of CNY 300 million, CNY 160 million, and CNY 200 million respectively[22] - The company terminated its joint investment with Sanhuan Group and others, authorizing management to handle the cancellation and registration procedures for the joint venture[23] - The company acquired 40% equity in Suzhou Kolunet Power Technology Co., Ltd. for a consideration of RMB 112 million, increasing its total stake to 70%[23] Expenses and Costs - Operating costs rose by CNY 1.51 billion, an increase of 51.14% year-on-year, also attributed to the expanded sales scale[18] - The company’s management expenses increased by CNY 190.40 million, a growth of 35.03%, mainly due to increased R&D investment and other expenses[19] - The total operating costs for Q3 2017 were CNY 2,103,886,726.42, up from CNY 1,292,912,155.51, reflecting a year-over-year increase of approximately 63%[42] - Financial expenses rose significantly to ¥54,172,981.84 from ¥12,566,457.65, indicating an increase of 331.5%[52] Market Strategy - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[40] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44]

Financial Performance - The company achieved total operating revenue of ¥3,697,188,675.41, representing a 36.97% increase compared to the same period last year[27]. - Net profit attributable to shareholders was ¥352,956,608.49, reflecting a 7.18% growth year-over-year[27]. - Operating profit increased by 14.81% to ¥415,888,220.20 compared to the previous year[27]. - The total comprehensive income for the first half of 2017 was CNY 361.70 million, compared to CNY 332.48 million in the same period last year, marking an increase of 8.8%[141]. - The company's operating revenue for the first half of 2017 was approximately CNY 3.49 billion, an increase of 33.8% compared to CNY 2.61 billion in the same period last year[142]. - The net profit attributable to shareholders of the parent company reached CNY 352.96 million, up from CNY 329.32 million, reflecting a growth of 7.2% year-on-year[141]. Cost and Expenses - The company reported a significant increase in production costs due to expanded sales and new project investments, leading to a substantial rise in expenses such as depreciation, maintenance, and labor costs[8]. - Management expenses increased by 34.91% to CNY 451,610,825.41 due to higher R&D investments and salary costs[36]. - Total operating costs amounted to CNY 3,303,996,021.64, up from CNY 2,336,617,396.49, reflecting a growth of 41.3%[139]. - The company reported a significant increase in cash flow from operating activities, totaling CNY 147.69 million, down from CNY 911.99 million in the previous year[146]. Research and Development - The company has a strong commitment to research and development, continuously pushing for innovation in its core business areas[6]. - R&D investment rose by 23.95% to CNY 269,422,675.87 compared to the same period last year[36]. - The company is focusing on the development of new technologies and products to enhance its competitive edge in the market[6]. Investments and Projects - The company is actively expanding into new projects, including industrial smart devices and components for new energy vehicles, to ensure sustainable development[6]. - The investment progress for the Metal CNC Structure Component Project is 98.39%, with a cumulative investment of CNY 678.56 million[50]. - The investment progress for the Metal CNC Structure Expansion Project is 96.51%, with a cumulative investment of CNY 161.30 million[50]. - The company has shifted focus to projects that align with national policies and market trends, particularly in smart manufacturing[54]. Financial Position - Total assets reached CNY 8,516,180,577.81, up from CNY 8,182,562,185.75, marking an increase of 4.1%[133]. - Total liabilities rose to CNY 4,186,661,089.49 from CNY 3,991,924,787.56, reflecting an increase of 4.9%[132]. - Owner's equity totaled CNY 4,329,519,488.32, compared to CNY 4,190,637,398.19, showing an increase of 3.3%[133]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[66]. - The company reported a commitment to distribute at least 15% of the annual distributable profit as cash dividends[68]. - The largest shareholder, Xinjiang Changying Yuefu Investment Co., Ltd., holds 43.33% of the shares, totaling 391,352,809 shares, with a decrease of 32,233,193 shares during the reporting period[114]. Compliance and Governance - The financial report was approved by the board on August 24, 2017, ensuring compliance with regulatory standards[162]. - The company has maintained compliance with all commitments and has not encountered any violations as of the reporting period[69]. - The company has committed to not engaging in any competitive business activities that may affect its operations during the control period[70]. Cash Flow and Liquidity - Cash and cash equivalents increased by 34.82% to CNY 275,356,554.78 compared to the previous year[36]. - The net cash flow from operating activities decreased by 83.81% to CNY 147,689,610.95, primarily due to increased payments for goods and services[36]. - The total cash inflow from operating activities was 3,850,552,975.85 yuan, up from 2,601,170,000.49 yuan in the previous period, reflecting strong operational performance[149]. Stock Options and Incentives - The company implemented a stock option incentive plan, with the first grant of options totaling 6.9 million shares, later adjusted to 13.5756 million shares[78]. - The company implemented the second phase employee stock ownership plan, purchasing a total of 17,644,982 shares, accounting for 1.94% of the total share capital, with a total transaction amount of approximately 521.13 million CNY[88]. Market and Competitive Landscape - The global smartphone sales in 2016 reached 1.471 billion units, with only a 2% increase from 2015, indicating intensified market competition[6]. - The company plans to implement lean production and institutional reforms to enhance product margins and profitability amidst fierce competition[6]. Risk Management - The company emphasizes the importance of risk awareness among investors regarding future plans and forecasts[5]. - The company has a tax payment commitment to cover any taxes due prior to its IPO, ensuring no financial burden on the company[70].

Financial Performance - Total revenue for Q1 2017 reached ¥1,882,524,265.50, representing a 55.24% increase compared to ¥1,212,658,750.74 in the same period last year[7] - Net profit attributable to shareholders was ¥200,469,686.32, up 45.91% from ¥137,390,869.40 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥186,873,043.72, reflecting a 38.87% increase from ¥134,569,774.82 in the previous year[7] - Basic earnings per share increased to ¥0.22, a rise of 46.67% compared to ¥0.15 in the same period last year[7] - Operating profit was 229.37 million yuan, reflecting a growth of 47% year-on-year[20] - Total profit reached 245.62 million yuan, marking a 55.37% increase from the previous year[20] - Net profit for Q1 2017 was CNY 208,219,365.24, representing a 50.2% increase from CNY 138,656,669.22 in Q1 2016[44] - The net profit attributable to shareholders of the parent company was CNY 200,469,686.32, up from CNY 137,390,869.40, marking a growth of 46.0%[44] - Basic and diluted earnings per share for Q1 2017 were both CNY 0.22, compared to CNY 0.15 in the previous year, reflecting a 46.7% increase[45] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥222,092,788.59, down 37.02% from ¥352,643,218.46 year-on-year[7] - Cash and cash equivalents increased by 216.85 million yuan, a growth of 31% primarily due to increased cash from sales[18] - The company reported a net cash flow from financing activities of 163.05 million yuan, a significant improvement from a negative 92.49 million yuan in the same period last year[18] - Operating cash inflows reached ¥2,508,685,851.82, up from ¥1,325,334,315.89 in the same period last year, indicating a growth of approximately 89.3%[51] - The net cash flow from operating activities was ¥222,092,788.59, a decrease from ¥352,643,218.46 in the previous year, representing a decline of about 37%[51] - Cash and cash equivalents at the end of the period totaled ¥904,698,022.92, compared to ¥673,829,876.54 at the end of the previous period, marking an increase of approximately 34.2%[52] - The company received cash from borrowings amounting to ¥408,000,000.00, compared to ¥265,000,000.00 in the previous year, reflecting a growth of approximately 53.8%[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,822,369,247.93, a decrease of 4.40% from ¥8,182,562,185.75 at the end of the previous year[7] - The company's total liabilities decreased to RMB 3,511,051,697.64 from RMB 3,991,924,787.56, a reduction of about 12%[37] - Total assets decreased to CNY 5,274,764,159.78 from CNY 5,396,628,122.45, a decline of 2.3%[41] - Total liabilities decreased to CNY 1,856,038,553.77 from CNY 2,073,587,391.31, a reduction of 10.5%[41] Market and Competition - The company is facing intensified market competition, particularly in the low-end metal appearance parts sector, which is leading to declining sales and gross margins[9] - The company plans to leverage its competitive edge in metal appearance parts to maintain its leadership in the domestic market[20] - The company expanded its market presence by acquiring a controlling stake in Guangdong Fangzhen, entering the high-end waterproof structural components sector[20] Research and Development - The company is actively investing in R&D and has introduced new technologies and processes to enhance production efficiency and product quality[9] - Research and development expenses increased, contributing to a 52.21% rise in management expenses year-on-year[18] - The company is focusing on developing smart manufacturing and intelligent products to enhance its competitiveness in the market[26] Shareholder Information - The top shareholder, Xinjiang Changying Yuefu Equity Investment Co., Ltd., holds 45.62% of the shares, totaling 411,951,700 shares[11] - The company plans to distribute a cash dividend of RMB 1.5 per 10 shares, totaling RMB 135,458,072.55 based on a total share capital of 903,053,817 shares as of March 23, 2017[28] Fundraising and Investments - The total amount of raised funds for the quarter is 95,681.02 million, with a cumulative investment of 93,986.05 million[25] - The cumulative change in the purpose of raised funds amounts to 26,714.14 million, representing 27.92% of the total raised funds[25] - The investment in the metal CNC structural components project reached 68,966.88 million, achieving a progress rate of 98.39%[25] - The investment in the smart terminal ultra-precision connector project is 16,714.14 million, with a progress rate of 96.51%[25] - The company plans to invest 10,000 million in its wholly-owned subsidiary, Guangdong Tianji, for industrial intelligent systems[25] - The company has pre-invested 35,976.20 million in the metal CNC structural components project using self-raised funds[27] - All fundraising projects have reached the predetermined usable state as of September 30, 2016, with a remaining balance of 1,694.97 million[27] - The decision to change the use of part of the raised funds was approved in the second extraordinary general meeting of shareholders on August 5, 2015[26]

Financial Performance - The company achieved operating revenue of CNY 6,119,450,934.39 in 2016, representing a 57.36% increase compared to 2015[19]. - Net profit attributable to shareholders reached CNY 683,739,879.32, a growth of 52.02% year-on-year[19]. - The net cash flow from operating activities was CNY 1,089,203,478.92, up 23.83% from the previous year[19]. - The company reported a basic earnings per share of CNY 0.76, reflecting a 49.02% increase compared to 2015[19]. - Total assets increased by 60.95% to CNY 8,182,562,185.75 at the end of 2016[19]. - The company’s gross profit margin for electronic components was 27.89%, a decrease of 0.36% from the previous year[43]. - The company’s production volume of electronic components increased by 21.75% to 10,946,792.2 thousand units[44]. Dividends and Share Capital - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares (including tax) based on a total share capital of 903.053817 million shares as of March 23, 2017[6]. - The cash dividend for 2016 represents 19.81% of the net profit attributable to the parent company, which was RMB 683.74 million[93]. - The total distributable profit for the year 2016 was RMB 1,000.58 million, with cash dividends accounting for 100% of the profit distribution[89]. - The company’s cash dividend policy is compliant with its articles of association and has been transparently communicated to shareholders[89]. - The company has consistently maintained a cash dividend payout ratio, with previous years showing 37.36% in 2015 and 17.78% in 2014[93]. - The company increased its share capital from 56,016.4356 million shares to 89,626.2970 million shares by issuing 6 new shares for every 10 shares held[88]. Strategic Focus and Investments - The company aims to accelerate the commercialization of new industries, with breakthroughs expected in "Industry 4.0" and new energy businesses in 2017[6]. - The company is focusing on upgrading products and manufacturing processes, implementing lean production and institutional reforms to enhance yield rates[5]. - The introduction of innovative technologies, such as the "precision forging" process, has improved processing efficiency and yield rates, establishing a competitive advantage[5]. - The company made strategic acquisitions, including controlling Guang Dong Fang Zhen, to enter the high-end waterproof structural components market[27]. - Long-term equity investments increased by CNY 80,801,200, a growth of 185.72% due to investments in joint ventures[28]. - The company plans to leverage its strong engineering and technical innovation capabilities to further enhance product development and quality control[30]. Cost Management and Operational Efficiency - The company is facing increasing cost pressures due to significant investments in infrastructure and equipment, leading to higher depreciation and maintenance costs[6]. - The company emphasizes the importance of risk awareness regarding intensified market competition and potential overcapacity in the industry[5]. - The company is committed to enhancing automation levels and optimizing sales to mitigate the impact of rising costs[6]. - R&D expenses and labor costs are expected to rise due to the introduction of experienced management and technical personnel, impacting profit margins[6]. - The company has enhanced its automation capabilities, with over 1,600 robots and 1,200 automated machines deployed by the end of 2016[30]. Research and Development - The company added 149 new authorized patents during the reporting period, including 16 invention patents[34]. - Research and development expenses for 2016 reached ¥483,479,496.48, which is 7.90% of the total revenue[54]. - The company has 4,127 R&D personnel, representing 17.74% of the total workforce[54]. - The company is in the process of developing several new products, including the ADX-SMC3030TS2.1, with plans for mass production in Q1 2017[52]. Corporate Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or significant omissions[3]. - The company has fulfilled all commitments made by its controlling shareholders and related parties during the reporting period[93]. - The company has maintained compliance with tax obligations and has not incurred any penalties or losses related to tax commitments[95]. - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant laws and regulations[177]. - The audit committee confirmed that the internal control system is compliant with regulations and effectively manages risks[189]. Employee and Management Structure - The total number of employees in the company is 23,260, with 17,292 in production, 177 in sales, 4,127 in technology, 87 in finance, and 1,577 in administration[169]. - The company has a diverse management team with backgrounds in finance, law, and engineering, enhancing its operational capabilities[159]. - The company has established a well-structured performance evaluation and compensation system for senior management, based on annual work goals and performance[166]. - The company has no stock incentive plans for directors and senior management during the reporting period[168]. Risk Management - The company emphasizes the importance of risk awareness regarding intensified market competition and potential overcapacity in the industry[5]. - The company has established a commitment to not engage in competitive activities that could impact its business operations[94]. - The company has not faced any legal disputes or financial losses related to property leasing agreements during the reporting period[95]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,854, an increase from 12,140 at the end of the previous month[148]. - The largest shareholder, Xinjiang Changying Yuefu Equity Investment Co., Ltd., holds 47.19% of the shares, totaling 426,119,616 shares, with a change of 159,794,856 shares during the reporting period[149]. - The company has not experienced any changes in its actual controller during the reporting period[151].

Financial Performance - Total revenue for the reporting period reached CNY 1,466,817,157.58, a 54.23% increase year-on-year[8] - Net profit attributable to shareholders increased by 52.89% to CNY 158,808,751.69 for the reporting period[8] - The basic earnings per share rose by 50.00% to CNY 0.18[8] - The weighted average return on equity was 4.30%, an increase of 1.00% compared to the previous year[8] - The company reported a net profit of ¥173,905,002.07 for Q3 2016, compared to a net profit of ¥126,339,082.48 in Q3 2015, an increase of 37.6%[50] - Net profit for Q3 2016 was CNY 163,354,595.16, compared to CNY 105,576,795.11 in Q3 2015, marking an increase of about 54.7%[52] - The net profit for the current period was CNY 175,245,560.68, representing an increase of 8.9% from CNY 161,798,910.35 in the same period last year[61] Asset and Liability Changes - Total assets increased by 37.54% to CNY 6,992,360,643.86 compared to the end of the previous year[8] - The total liabilities increased to ¥3,140,412,625.56 in Q3 2016, up from ¥1,724,032,006.39 in Q3 2015, representing an increase of 82.2%[44] - Cash and cash equivalents increased by CNY 520.55 million, a growth of 99.08%, mainly due to increased cash receipts from sales[20] - Cash and cash equivalents at the end of Q3 2016 were ¥662,800,859.40, an increase from ¥342,985,790.97 at the beginning of the year, representing a growth of 93.2%[46] - The company's total assets as of the end of Q3 2016 amounted to ¥6,992,360,643.86, compared to ¥5,083,946,161.41 at the beginning of the year, reflecting a growth of 37.5%[45] Revenue and Cost Analysis - Operating revenue increased by CNY 1,422.85 million, a growth of 51.87%, driven by sales growth from major customers and products[21] - Operating costs increased by CNY 993.10 million, a growth of 50.64%, also due to sales growth from major customers and products[21] - Total operating revenue for Q3 2016 reached ¥1,466,817,157.58, an increase of 54.3% compared to ¥951,062,848.28 in the same period last year[50] - Total operating costs for Q3 2016 were ¥1,292,912,155.51, up 56.7% from ¥824,723,765.80 in Q3 2015[50] - The total operating costs for the current period were CNY 3,564,561,478.65, which is an increase of 66.1% from CNY 2,145,460,033.54 in the previous period[61] Cash Flow and Investment Activities - Net cash flow from operating activities increased by CNY 288.02 million, a growth of 49.10%, mainly due to increased cash receipts from sales[21] - The cash flow from operating activities generated a net amount of CNY 874,604,690.34, up 49.1% from CNY 586,588,491.55 in the previous period[65] - The investment activities resulted in a net cash outflow of CNY 690,739,943.42, compared to a net outflow of CNY 802,739,328.35 in the previous period[65] - Cash outflow from investment activities totaled ¥245,905,961.93, significantly lower than ¥1,424,651,506.08 in the previous period, indicating a reduction of approximately 82.7%[68] Strategic Initiatives and Future Plans - The company plans to enhance its core competitiveness through strengthened R&D and improved operational efficiency in response to intensified market competition[11] - The company is focusing on talent acquisition and management to support its expanding business and strategic initiatives in smart manufacturing and automotive electronics[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[50] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,300[14] - The largest shareholder, Xinjiang Changying Yuefu Equity Investment Co., Ltd., holds 47.20% of the shares[14] Miscellaneous - The company has not declared any cash dividends during the reporting period[36] - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[70]