√特定对象调研 □分析师会议 投资者关系 □媒体采访 □业绩说明会 活动类别 □新闻发布会 □路演活动 □现场参观 □其他：（请文字说明其他活动内容） 参与单位名称 国联证券、兴业证券、粤开证券、上善如是基金 时间 2022 年 6 月 24 日 活动地点 通讯会议，线上交流 上市公司 参与人员 董事会秘书 白林 一、公司基本情况介绍 公司主营业务涵盖智能硬件、应用软件等物联网软硬件研发、制造、 应用及服务，主要产品包括智能控制器、智能信息化解决方案、"智慧 树"幼教云平台等。 近年来，公司整体经营情况实现了较快发展，2021 年度实现营业收 入为 20.60 亿元，较上年同比增长 22.50%。其中，智能控制器方面，家 电、汽车电子及其他类的智能控制器业务在 2021 年营业收入较上年同 投资者关系 比分别增长了 20.81%、64.01%、34.71%；智能信息化业务方面，2021 活动主要内容 年实现营业收入较上年同比增长 10.17%；教育业务方面，2021 年营业 收入较上年同比增长 9.03%（详见公司已披露的 2021 年度报告）。 2022 年一季度，因疫情等因素影响，营业收入较去年同期略有下 ...

无锡和晶科技股份有限公司 2022 年第三季度报告 证券代码：300279 证券简称：和晶科技 公告编号：2022-078 无锡和晶科技股份有限公司 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 □是 否 1 无锡和晶科技股份有限公司 2022 年第三季度报告 一、主要财务数据 □适用 不适用 （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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 493,908,599.36 | 0. ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥931.27 million, a decrease of 9.40% compared to ¥1,027.91 million in the same period last year[23]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥86.08 million, a decline of 588.89% from a profit of ¥17.61 million in the previous year[23]. - The net cash flow from operating activities was approximately ¥21.63 million, down 65.10% from ¥61.97 million in the same period last year[23]. - The basic and diluted earnings per share were both -¥0.1962, a decrease of 589.28% compared to ¥0.0401 in the previous year[23]. - Total revenue for the reporting period was 931.27 million yuan, a decrease of 9.40% compared to the previous year[59]. - The net loss for the first half of 2022 was CNY 86,484,935.17, compared to a net profit of CNY 17,528,173.93 in the same period of 2021[171]. - The company reported a significant decline in investment income, with a loss of CNY 94,495,899.97 in the first half of 2022, compared to a loss of CNY 4,646,167.96 in the first half of 2021[171]. - The company reported a net profit loss of CNY 95,034,746.10 for the first half of 2022, compared to a loss of CNY 5,547,927.47 in the same period of 2021, indicating a significant decline in profitability[175]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.65 billion, a decrease of 8.28% from ¥2.89 billion at the end of the previous year[23]. - The company's equity attributable to shareholders decreased from CNY 892,373,540.53 to CNY 808,002,953.07, a decline of approximately 9.4%[165]. - Total liabilities were CNY 1,843,646,556.34, down from CNY 1,997,748,821.98, reflecting a decrease of about 7.7%[165]. - The company's fixed assets amounted to ¥242,405,741, representing a 9.14% increase compared to the previous period[67]. - The total equity attributable to the parent company was reported at 448,995,50, indicating a decrease compared to the previous period[184]. Strategic Initiatives - The management highlighted the need for strategic adjustments to address the current market conditions and improve financial performance[23]. - Future outlook includes a focus on innovation and potential market expansion to recover from the current financial downturn[23]. - The company plans to increase investment in the Huai Bei manufacturing base and explore opportunities for overseas manufacturing facilities[54]. - The company is actively expanding its product range in the home appliance sector, moving from traditional white goods to include dishwashers, ovens, and robotic vacuum cleaners[33]. - The company is focusing on the development of AIoT-based compressor variable frequency controllers and large-screen touch control technologies[33]. Market Position and Growth - The company achieved significant performance in the automotive electronics sector, with business volume exceeding 100 million yuan and entering a rapid growth phase[34]. - The company maintains a leading position in the refrigerator microcontroller and display controller markets, with continuous strategic partnerships with top global brands such as Haier, Midea, and Hisense[33]. - The demand for smart controllers in the automotive and emerging consumer electronics sectors is anticipated to remain strong, with China's new energy vehicle sales reaching 3.521 million units in 2021, a year-on-year increase of 160%[42]. - The company has established stable partnerships with major clients, including BSH, GE Appliances, and Haier, which supports long-term business growth[46]. Challenges and Risks - The company faced significant challenges in the first half of 2022, leading to a substantial decline in both revenue and profit margins[23]. - The company faced risks from macroeconomic changes, including potential order transfers due to international circumstances[82]. - The company is exposed to raw material price fluctuations, particularly for components sourced overseas, impacting product gross margins[83]. - The company has implemented strategies to manage exchange rate risks, including flexible pricing mechanisms and foreign exchange hedging[84]. Research and Development - Research and development expenses for the first half of 2022 were CNY 36,553,448.03, slightly down from CNY 38,212,757.21 in the first half of 2021[171]. - The company has allocated 4.5 million for research and development in new technologies, aiming to innovate its product offerings[188]. Shareholder and Equity Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[95]. - The total number of ordinary shareholders at the end of the reporting period is 27,568[148]. - The largest shareholder, Jingzhou Huike Investment Partnership, holds 18.57% of the shares, totaling 83,370,000 shares[148]. - The company has a lock-up policy for executives, where 75% of their shares are locked based on the total shares held at the end of the previous year[145]. Legal and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[107]. - The semi-annual financial report has not been audited[105]. - There are no significant related party transactions during the reporting period[110].

Financial Performance - The company's revenue for Q1 2022 was ¥499,000,964.08, a decrease of 11.05% compared to ¥561,002,947.49 in the same period last year[3] - The net profit attributable to shareholders was -¥37,791,347.66, representing a decline of 423.30% from a profit of ¥11,689,083.93 in the previous year[3] - The company recorded a 79.02% increase in financial expenses, mainly due to interest expenses related to investment funds with repurchase clauses[9] - Total operating revenue for Q1 2022 was ¥499,000,964.08, a decrease of 11.05% from ¥561,002,947.49 in the same period last year[32] - Net profit for Q1 2022 was a loss of ¥37,838,127.03, compared to a profit of ¥11,622,276.18 in Q1 2021, indicating a significant decline[33] - Basic earnings per share for Q1 2022 were -¥0.0861, compared to ¥0.0266 in Q1 2021, reflecting a negative shift[34] Cash Flow and Assets - The net cash flow from operating activities increased by 313.71% to ¥9,742,819.13, up from ¥2,355,015.92 in the same period last year[3] - The total assets at the end of the reporting period were ¥2,716,247,243.21, down 6.09% from ¥2,892,271,756.78 at the end of the previous year[3] - The company reported a total current assets of CNY 1,769,742,417.31 as of March 31, 2022, down from CNY 1,900,619,403.15 at the beginning of the year, representing a decrease of approximately 6.87%[27] - The company's total assets decreased from CNY 2,892,271,756.78 at the beginning of the year to CNY 2,716,247,243.21, reflecting a decline of about 6.09%[29] - The company reported a decrease in cash and cash equivalents from CNY 341,785,537.02 at the beginning of the year to CNY 339,997,086.85, a decline of approximately 0.52%[28] - The total cash and cash equivalents at the end of the period were 194,603,243.95, compared to 64,054,821.29 in the same period last year, showing significant growth[38] Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,731[12] - The largest shareholder, Jingzhou Huihe Equity Investment Partnership, holds 18.57% of shares, totaling 83,370,000 shares[12] - Chen Bolin, a natural person, holds 9.99% of shares, totaling 44,856,287 shares, which are pledged and frozen[12] - The company has not disclosed any other related party relationships among shareholders[12] Investment and Strategic Plans - The company plans to increase investment in its Huai Bei manufacturing base and explore opportunities for overseas manufacturing bases to enhance global delivery capabilities[6] - The company is actively expanding its investment in the new energy industry through strategic partnerships and financial innovation tools[22] - The company signed a strategic cooperation framework agreement with China Merchants Tai Ping Bay on March 30, 2022, to enhance collaboration in the new energy sector, focusing on smart controllers for battery control systems and other applications[22] - The company is planning to issue shares to acquire assets and raise matching funds, with the stock suspension starting on March 30, 2022[17] - The company intends to purchase 31.08% equity of Hejing Intelligent from specific funds and raise matching funds for working capital[17] Liabilities and Financial Management - The company reported a total liability of ¥1,859,562,435.44 as of Q1 2022, a decrease from ¥1,997,748,821.98 in the previous year[30] - The company’s total current liabilities decreased from CNY 1,746,327,882.44 to CNY 1,604,726,101.11, reflecting a reduction of about 8.09%[29] - Cash paid for debt repayment was 145,660,000.00, slightly higher than 140,840,000.00 in the previous year, indicating stable debt management[38] Research and Development - Research and development expenses for Q1 2022 were ¥17,122,423.17, down 18.00% from ¥21,010,419.33 in Q1 2021[33] Audit and Financial Reliability - The company did not undergo an audit for the first quarter report, which may affect the perception of financial reliability[39]

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.06 billion, representing a 22.50% increase compared to ¥1.68 billion in 2020[19]. - The net profit attributable to shareholders for 2021 was approximately ¥61.27 million, a significant increase of 1,119.87% from ¥5.02 million in 2020[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥55.98 million, up 2,395.33% from ¥2.24 million in 2020[19]. - The basic earnings per share for 2021 was ¥0.1396, reflecting a 1,124.56% increase from ¥0.0114 in 2020[19]. - The total assets at the end of 2021 were approximately ¥2.89 billion, a 9.03% increase from ¥2.65 billion at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥892.37 million, a slight decrease of 1.21% from ¥903.26 million at the end of 2020[19]. - The net cash flow from operating activities for 2021 was approximately -¥4.59 million, an improvement of 96.86% compared to -¥146.05 million in 2020[19]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year, representing a year-over-year growth of 15%[141]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan in 2021, representing a year-on-year growth of 20%[183]. Market Position and Growth - The smart controller market in China is projected to exceed 3 trillion yuan by 2023, with a compound annual growth rate of around 12% from 2018 to 2023[31]. - The company has established itself as a leader in the smart controller sector, serving major clients such as BSH, GE Appliances, and Tesla, with significant growth in automotive electronics[33]. - The company’s automotive electronics business has surpassed 100 million yuan in scale and is experiencing rapid growth, focusing on battery management systems and other applications[37]. - The company is actively expanding its product offerings in the home appliance sector, including AIoT-based compressor variable frequency controllers and large-screen touch control technologies[36]. - The company aims to expand its smart safety integrated platform and IoT applications, targeting five key sectors: education, healthcare, enterprises, grassroots government, and industrial parks[40]. - The company is actively pursuing market expansion and technological advancements in smart home appliances and IoT solutions[75]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[141]. Research and Development - The company has a strong focus on R&D and manufacturing capabilities, holding various international certifications including ISO9001 and IATF16949[35]. - Research and development expenses for 2021 were ¥76,200,221.79, a slight increase of 0.61% compared to ¥75,739,055.81 in 2020[72]. - The number of R&D personnel increased to 242 in 2021, up 11.01% from 218 in 2020[76]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart technology solutions[141]. - The company is focusing on developing vehicle frequency control algorithms, aiming to enhance its core business and expand into new markets[73]. Operational Efficiency - The company achieved a net increase in cash and cash equivalents of 105,141,392.98 CNY in 2021, a 265.54% improvement from -63,515,193.99 CNY in 2020[78]. - The company has successfully established a manufacturing base in Huaibei, which became operational and profitable within the same year[94]. - The company aims to reduce costs by improving production scale and increasing automation in manufacturing processes[96]. - The company has established partnerships with two major distributors to enhance its supply chain efficiency[183]. Governance and Compliance - The company strictly adheres to relevant laws and regulations, ensuring compliance with corporate governance standards set by the China Securities Regulatory Commission[116]. - The company has established a performance evaluation and incentive mechanism, linking performance assessment results to employee compensation and promotions[122]. - The company has a dedicated audit committee responsible for overseeing internal and external audits, ensuring the integrity of financial information[124]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operational activities[118]. - The company has not faced any penalties from securities regulatory authorities for its directors, supervisors, or senior management in the past three years[147]. Risks and Challenges - The company faces risks from raw material price fluctuations due to overseas procurement, impacting product gross margins and customer satisfaction[104]. - The company is exposed to exchange rate risks as it primarily settles foreign purchases and exports in USD, with ongoing strategies to mitigate these risks[105]. - The company is at risk from macroeconomic changes, including trade wars and domestic pandemic outbreaks, which could adversely affect logistics, production, and orders[106]. - The company has recognized a bad debt provision of CNY 11.76 million for unpaid transfer payments related to the acquisition of Aorun Technology, with ongoing litigation against the counterparty[109]. Social Responsibility - The company actively participated in public welfare, providing donations to local students in need and receiving awards for its contributions during the pandemic[178]. - The company has received recognition for its efforts in epidemic prevention and control from the Wuxi Software Industry Association[178]. - The company has not engaged in any precision poverty alleviation work during the reporting year and has no subsequent plans[179]. Future Outlook - The company projects a revenue guidance of 1.5 billion RMB for the next fiscal year, indicating an expected growth of 25%[141]. - Future guidance includes a focus on sustainability, with a commitment to reduce carbon emissions by 30% by 2025[184]. - The company plans to launch three new products in the next fiscal year, focusing on smart home solutions[183].

无锡和晶科技股份有限公司2021年第三季度报告 证券代码：300279 证券简称：和晶科技 公告编号：2021-080 无锡和晶科技股份有限公司 2021 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 □ 是 √ 否 一、主要财务数据 (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 | 项目 | 本报告期金额 | 年初至报告期期末金 额 | 说明 | | --- | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备 的冲销部分） | | -65,154.26 | | | 计入当期损益的政府补助（与公司正常经营业务 密切相关，符合国家政策规定、按照一定标准定 额或定量 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,027,905,568.42, representing a 51.38% increase compared to ¥679,012,796.57 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached ¥17,607,794.51, a significant increase of 187.20% from ¥6,130,874.81 in the previous year[21]. - The net cash flow from operating activities surged to ¥61,972,554.39, marking an increase of 1,883.14% compared to ¥3,124,972.80 in the same period last year[21]. - Basic earnings per share rose to ¥0.0401, up 186.43% from ¥0.0140 in the previous year[21]. - Total assets at the end of the reporting period were ¥2,807,747,411.32, reflecting a 5.85% increase from ¥2,652,656,444.26 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased to ¥920,871,907.99, a rise of 1.95% from ¥903,261,473.97 at the end of the previous year[21]. - The company's total revenue for the reporting period was 1,027.91 million CNY, representing a year-on-year growth of 51.38%[34]. - The net profit attributable to shareholders was 17.61 million CNY, a significant increase of 187.20% compared to the previous year[35]. - Operating costs amounted to ¥904,116,863.57, which is a 58.88% increase compared to the previous year, also driven by the smart manufacturing segment[64]. - Research and development expenses increased by 24.90% to ¥38,212,757.21, reflecting the company's commitment to enhancing R&D efforts[64]. Business Expansion and Strategy - The company is expanding its smart manufacturing capacity with a new manufacturing base in Huaibei, expected to commence production in September 2021[40]. - The company signed a strategic cooperation framework agreement with Shenzhen招商创业有限公司 to expand collaboration in IoT application scenarios and project investments[42]. - The company’s subsidiary, 中科新瑞, won a bid for a joint R&D project with 招商局集团, focusing on smart safety IoT solutions, which will enhance digital transformation in safety and environmental management[43]. - The company is actively expanding production capacity to meet the growing demand and enhance its market competitiveness, with a new manufacturing base planned in 淮北市[50]. - The company has developed a unique MES and ERP system to manage a complex supply chain involving hundreds of suppliers, ensuring stable production capacity despite global supply chain fluctuations[54]. - The company has established a new wholly-owned subsidiary in Huai Bei, Anhui Province, with a registered capital of ¥250 million to expand its smart manufacturing business[154]. - The new manufacturing base project will be implemented in three phases, with the first phase already underway[155]. Market and Industry Trends - The intelligent controller industry is experiencing robust growth driven by the rise of IoT and "Industry 4.0," with significant opportunities in smart manufacturing and smart cities[45]. - The company maintains stable growth in its intelligent controller business, collaborating with leading domestic brands like 海尔 and 美的, and expanding its overseas market presence[46]. - The demand for intelligent controllers in the electric vehicle and emerging consumer electronics sectors is anticipated to remain strong, contributing to long-term business growth[49]. - The penetration rate of variable frequency refrigerators is expected to increase, benefiting the company's intelligent controller business in the mid-term[48]. Risks and Challenges - The company has not disclosed any significant risks or countermeasures in the report[5]. - The company faces risks from rising labor and raw material costs, which could impact profit margins, and plans to leverage the advantages of the new manufacturing base in Huai Bei to mitigate these risks[91]. - The company is experiencing a tight supply chain for key raw materials due to ongoing global disruptions, which may affect product margins and customer satisfaction[91]. - The company is exposed to foreign exchange risks due to its reliance on USD for procurement and exports, and plans to implement flexible pricing and hedging strategies[94]. - The company faces goodwill impairment risks due to increased competition in the information technology sector, which has led to a decrease in product gross margins and extended payment cycles[95]. Legal and Compliance Issues - The company has filed a lawsuit against Shanghai Yishi for the unpaid final installment of 58.8142 million yuan related to the acquisition of Aorun Technology, and has made a bad debt provision of 11.7628 million yuan for this amount[96]. - The company is currently involved in litigation with Shanghai Yishi, which has counterclaimed for breach of contract, seeking 11.4471 million yuan in penalties and 18.9190 million yuan in damages[97]. - The company reported a total of 58,814,210.00 CNY in receivables related to a breach of contract, with an additional penalty of 6,075.51 CNY as of March 1, 2021[121]. - The company has not reported any significant penalties or corrective actions during the reporting period[123]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - There are no stock incentive plans, employee stock ownership plans, or other employee incentive measures implemented during the reporting period[107]. - The controlling shareholder, Jingzhou Huihe, holds 53,870,000 shares, accounting for 12.00% of the total share capital[144]. - Jingzhou Huihe plans to auction 29,500,000 shares at a starting price of RMB 8.10 per share, which could increase their total holdings to 83,370,000 shares, or 18.57% of the total[143][144]. - The total number of shareholders at the end of the reporting period was 32,440[168]. - The largest shareholder, Chen Bolin, holds 16.56% of the shares, totaling 74,356,287, which is fully pledged and frozen[168]. Social Responsibility and Community Engagement - The company actively participates in social responsibility initiatives, including donations to local students in need and support for rural revitalization efforts[112].

Financial Performance - The company's revenue for Q1 2021 was ¥561,002,947.49, representing a 109.46% increase compared to ¥267,837,122.26 in the same period last year[8] - Net profit attributable to shareholders reached ¥11,689,083.93, a significant increase of 673.59% from ¥1,511,019.68 year-over-year[8] - The net profit after deducting non-recurring gains and losses was ¥11,037,590.42, up 963.22% from ¥1,038,131.46 in the previous year[8] - Basic earnings per share increased to ¥0.0266, up 682.35% from ¥0.0034 in the previous year[8] - The company's operating revenue for the first quarter reached CNY 561.00 million, a year-on-year increase of 109.46% driven by significant growth in the smart sector[21] - The net profit attributable to shareholders was CNY 11.69 million, representing a year-on-year increase of 673.59%[25] - The company reported a significant increase in inventory, which stood at 438.96 million yuan compared to 458.41 million yuan at the end of 2020[60] - The net profit for Q1 2021 reached CNY 11,622,276.18, a substantial rise from CNY 1,721,592.89 in the same period last year, reflecting a growth of approximately 577%[71] - The profit attributable to the parent company's shareholders was CNY 11,689,083.93, compared to CNY 1,511,019.68 in the previous year, marking an increase of about 674%[71] Cash Flow - The net cash flow from operating activities was ¥2,355,015.92, a turnaround from a negative cash flow of -¥33,602,301.70 in the same period last year, marking a 107.01% improvement[8] - The company reported a cash inflow from operating activities of CNY 568,592,090.59, compared to CNY 325,594,446.95 in the previous period, reflecting a growth of about 74%[77] - The net cash flow from operating activities for Q1 2021 was CNY 2,355,015.92, a significant improvement from a net outflow of CNY 33,602,301.70 in the same period last year[78] - Total cash inflow from operating activities was CNY 580,404,534.21, compared to CNY 326,541,315.86 in Q1 2020, representing an increase of approximately 77.5%[78] - The net cash flow from the parent company's operating activities was CNY 22,503,483.01, a recovery from a net outflow of CNY -4,159,830.47 in the same period last year[81] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,580,693,213.29, a decrease of 2.71% from ¥2,652,656,444.26 at the end of the previous year[8] - The company's total liabilities were CNY 1,663,745,199.95, compared to CNY 1,747,330,707.10 at the end of 2020[62] - Current liabilities totaled CNY 1,657,966,215.96, a decrease from CNY 1,740,980,199.11 in the previous quarter[62] - Owner's equity totaled CNY 916,948,013.34, an increase from CNY 905,325,737.16 in the previous quarter[63] Investments and Expansion - The company plans to invest 250 million CNY to establish a wholly-owned subsidiary in Huai Bei City, focusing on the construction and production of a manufacturing base for smart controllers[29] - Total investment for the new manufacturing base in Huai Bei is projected to be no less than 650 million CNY, with three phases planned for development[29] - The company signed an investment agreement with the Huai Bei Municipal Government on April 12, 2021, to expand its manufacturing base[51] - The company plans to introduce strategic investors through a capital increase and share expansion on April 12, 2021[51] Operational Challenges - The company faces risks from tight production capacity, with current utilization nearing saturation at the existing 34,000 square meter facility in Wuxi[30] - Rising labor costs in Wuxi are impacting profit margins, prompting the company to leverage the advantages of Huai Bei for cost reduction[32] - The company is addressing raw material price volatility due to supply chain disruptions caused by the pandemic, aiming to optimize its supply chain and enhance cost control[33] - Currency fluctuation risks are present as the company conducts transactions primarily in USD, necessitating flexible pricing and hedging strategies[34] - The competitive landscape in the smart integration business is intensifying, leading to potential impacts on profit margins and cash flow cycles[35] Legal Matters - The company has initiated legal proceedings against Shanghai Yishi for unpaid transfer payments amounting to 58,814,210 RMB, plus a penalty of approximately 1,940,868.93 RMB[42] - Ongoing litigation related to the "Smart Tree" platform could adversely affect the company's operations and cash flow if not resolved favorably[37] Shareholder Information - The company reported a total of 26,277 common shareholders at the end of the reporting period[11] - The top shareholder, Chen Bolin, holds 16.56% of the shares, amounting to 74,356,287 shares, which are currently pledged[11] - The controlling shareholder, Jingzhou Huihe, holds 53,870,000 shares, accounting for 12.00% of the total share capital, and through voting rights entrusted by Chen Bailin, the total voting rights amount to 128,226,287 shares, representing 28.56% of the total share capital[39]

Financial Performance - The company's operating revenue for 2020 was ¥1,681,977,260.54, representing a 15.31% increase compared to ¥1,458,685,427.17 in 2019[18]. - The net profit attributable to shareholders decreased by 10.73% to ¥5,023,090.93 from ¥5,627,003.37 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥2,243,251.90, a significant improvement of 117.08% compared to a loss of ¥13,134,326.90 in 2019[18]. - The net cash flow from operating activities was negative at -¥146,047,879.43, a decline of 783.13% from ¥21,379,244.69 in 2019[18]. - The company reported a net profit of ¥2,779,839.03 in 2020, a significant decrease from ¥18,761,330.27 in 2019, indicating a decline of approximately 85.2% year-over-year[24]. - The company achieved a revenue of 1,681.98 million CNY in 2020, representing a year-on-year growth of 15.31%, but net profit decreased by 10.73% to 5.02 million CNY due to credit impairment losses of 32.46 million CNY[62]. - The smart manufacturing segment generated a revenue of 1,520.45 million CNY, a year-on-year increase of 23.76%, with the home appliance business revenue reaching 1,347 million CNY, up 29.05%[63]. - The electronic segment accounted for 90.40% of total revenue, with a year-over-year growth of 23.76%, reaching approximately ¥1.52 billion[81]. - The software and information technology services segment saw a decline of 14.38%, generating approximately ¥161.52 million in revenue[81]. - The company reported a significant loss of CNY 26.67 million from its subsidiary Beijing Huanyu Wanwei Technology Co., Ltd.[112]. Assets and Liabilities - Total assets increased by 10.14% to ¥2,652,656,444.26 at the end of 2020, up from ¥2,408,524,080.43 in 2019[18]. - The net assets attributable to shareholders slightly decreased by 0.15% to ¥903,261,473.97 from ¥904,581,607.97 in 2019[18]. - Cash and cash equivalents decreased by 63,515,193.99 CNY in 2020, representing a decline of 380.31% compared to the previous year[97]. - As of the end of 2020, cash and cash equivalents amounted to 363,225,280.90 CNY, accounting for 13.69% of total assets, up from 11.40% at the beginning of the year[100]. - Accounts receivable increased to 401,698,067.80 CNY, representing 15.14% of total assets, a slight decrease from 15.71% in the previous year[100]. - Inventory rose to 458,414,619.20 CNY, accounting for 17.28% of total assets, an increase from 15.32% at the beginning of the year[100]. - Long-term equity investments decreased to 472,013,600.30 CNY, representing 17.79% of total assets, down from 21.08%[100]. - Short-term borrowings increased to 931,897,527.70 CNY, accounting for 35.13% of total assets, up from 34.45%[100]. Business Strategy and Market Position - The company’s main business focuses on "smart living," with strategic directions in the Internet of Things (IoT) and education sectors, including smart manufacturing and smart campus solutions[26]. - The company maintains a leading position in the global market for refrigerator mainboard controllers and display controllers, with a focus on high-end, intelligent, and energy-efficient products[30]. - The non-home appliance sector has seen significant growth, driven by demand in 5G communications, automotive electronics, and industrial control, contributing to an increase in overall revenue compared to the previous year[30]. - The company is actively pursuing new projects in the non-home appliance sector, with plans for further expansion and production in the future[30]. - The company is actively expanding its production capacity to meet the increasing demand and enhance its competitive edge in the smart controller market[44]. - The company is focusing on integrating IoT, AI, and cloud computing technologies to enhance safety management systems across various sectors, including chemical, education, and urban safety[73]. - The company aims to enhance its smart safety business by integrating software and hardware solutions for government and industrial clients, focusing on safety production and fire safety[71]. Research and Development - Research and development expenses increased by 33.84% to RMB 75,739,055.81 in 2020, reflecting a commitment to innovation[94]. - The number of R&D personnel rose to 218 in 2020, accounting for 12.62% of the total workforce, up from 9.30% in 2019[95]. - R&D investment in 2020 was RMB 76,447,164.74, representing 4.55% of total operating revenue, an increase from 3.97% in 2019[95]. - The company completed four key R&D projects, including the RD13 chemical safety production information platform, which enhances real-time risk management and personnel safety[72]. Shareholder and Governance - The company did not distribute cash dividends for the year 2020, maintaining a consistent policy of no cash dividends over the past three years[140]. - The total amount of shares repurchased during the reporting period was 1,319,400 shares, with a total transaction value of 8,097,990 CNY, which is considered as cash dividends[136]. - The company's retained earnings as of December 31, 2020, were -512,380,925.69 CNY in the consolidated financial statements[139]. - The cash dividend amount from share repurchase represented 161.22% of the net profit attributable to shareholders for 2020[141]. - The company has adhered to its profit distribution policy without any adjustments during the reporting period[136]. - The company has committed to avoiding any illegal occupation of funds and assets, ensuring shareholder rights are protected[143]. - The company has established a clear framework for handling potential conflicts of interest through legal agreements and fair practices in related transactions[144]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on anticipated market expansion and new product launches[148]. - New product development efforts have led to the introduction of three innovative products, which are expected to contribute an additional 300 million RMB in revenue[150]. - The company is actively pursuing market expansion strategies, targeting a 10% increase in market share within the next year[149]. - There are plans for potential mergers and acquisitions to enhance the company's competitive position, with a budget allocation of 500 million RMB for this purpose[148]. Legal and Compliance - The company is involved in a significant lawsuit concerning a share transfer dispute, with the amount in question being 60 million RMB, and the first-instance court ruled against the company[153]. - The company has not faced any penalties or rectification issues during the reporting period[154]. - The company has not engaged in any related party transactions during the reporting period[162][163][164][165].

Financial Performance - Operating revenue for the reporting period was approximately ¥491.66 million, an increase of 44.17% year-on-year[8] - Net profit attributable to shareholders was approximately ¥12.81 million, a significant increase of 210.30% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥12.51 million, up 252.67% year-on-year[8] - Basic earnings per share for the reporting period were ¥0.0292, representing a 213.98% increase compared to the same period last year[8] - The company achieved operating revenue of CNY 1,170.67 million, an increase of 10.31% year-on-year[19] - Operating profit decreased by 31.23% year-on-year to CNY 23.67 million, while net profit attributable to shareholders fell by 28.92% to CNY 18.94 million[19] - Total operating revenue for the current period reached ¥491,657,778.68, a significant increase from ¥341,015,145.92 in the previous period, representing a growth of approximately 44.4%[52] - Net profit for the current period was ¥12,693,701.56, compared to ¥3,248,147.20 in the previous period, reflecting a growth of approximately 290.5%[54] - The company reported a total comprehensive income of ¥18,617,555.96, a decrease of 25.7% from ¥25,054,903.80 in the previous period[62] Cash Flow - The net cash flow from operating activities was approximately ¥32.14 million, a decrease of 31.11% compared to the previous year[8] - The net cash flow from operating activities for Q3 2020 was ¥35,267,105.08, a decrease of 45.2% compared to ¥64,407,307.48 in Q3 2019[68] - Total cash inflow from operating activities was ¥1,107,628,561.95, up from ¥1,026,073,823.10 in the previous year, representing an increase of 7.9%[68] - Cash outflow from operating activities totaled ¥1,072,361,456.87, compared to ¥961,666,515.62 in Q3 2019, indicating a rise of 11.5%[68] - The net cash flow from investing activities was -¥5,152,812.78, a decline from ¥4,250,691.19 in the same period last year[69] - The net cash flow from financing activities was -¥180,215,197.53, compared to -¥125,370,063.70 in Q3 2019, indicating a worsening of 43.7%[69] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥2.38 billion, a decrease of 1.24% compared to the end of the previous year[8] - Total liabilities decreased to CNY 1,464,187,435.99 from CNY 1,504,456,255.87, a reduction of about 2.7%[46] - The company's total equity as of September 30, 2020, was CNY 914,581,274.90, compared to CNY 904,067,824.56 at the end of 2019, reflecting an increase of approximately 1.7%[47] - Total assets amounted to CNY 2,408,524,080.43, with current assets at CNY 1,302,634,451.95 and non-current assets at CNY 1,105,889,628.48[75] - Total liabilities reached CNY 1,504,456,255.87, with current liabilities at CNY 1,464,878,819.09 and non-current liabilities at CNY 39,577,436.78[76] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,371[12] - The top shareholder, Chen Bolin, held 16.56% of the shares, amounting to 74,356,287 shares, which are currently pledged[12] - The controlling shareholder, Jingzhou Huihe, is seeking judicial procedures to acquire 29,500,000 shares from shareholder Chen Bailin, which may affect the control structure of the company[32] Investments and Acquisitions - The company has completed the acquisition of partnership rights in Shenzhen Tian Shu Investment Partnership, enhancing its control over the fund[28] - The company has invested a total of 130 million RMB in two military industry funds, with a 58.14% stake in Suzhou Zhaorong Aerospace and a 51.60% stake in Suzhou Kongkong[30] - Suzhou Kongkong holds 8.56% of Beijing Fujirui Optoelectronics, while Zhaorong Aerospace holds 4.61% of the same company, which is currently undergoing guidance for listing on the Sci-Tech Innovation Board[31] Operational Changes - The company incurred operating expenses of CNY 202.86 million, an increase of 88.99% due to donations for epidemic prevention[21] - The company reported an investment income of ¥1,941,335.63, up from ¥1,193,807.12, which is an increase of approximately 62.7%[53] - Research and development expenses increased to ¥15,630,071.14 from ¥12,770,688.39, marking a rise of about 22.5%[53] - The company has implemented adjustments to its accounting practices starting January 1, 2020, affecting the presentation of contract liabilities[78] - The company began implementing the new revenue recognition standard from January 1, 2020, adjusting the presentation of contract liabilities[82] Miscellaneous - The company received government subsidies amounting to approximately ¥1.51 million during the reporting period[9] - The company has repurchased a total of 10,155,993 shares at an average price of 6.18 RMB per share, with a total expenditure of approximately 50.1 million RMB[35] - The third quarter report was not audited[83]