Corporate Governance and Structure - The company is listed on the Shenzhen Stock Exchange under the stock code 300322[20] - The company's legal representative is Zhu Kunhua[20] - All directors attended the board meeting to review the semi-annual report[5] - The company has established a governance structure that effectively protects the rights and interests of all shareholders and creditors, ensuring clear responsibilities and scientific decision-making[94] - The company strictly adheres to labor laws and actively conducts internal and external training to enhance employee capabilities[94] - The company has not experienced significant changes in the measurement attributes of major assets during the reporting period[53] - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[135] - The company has not engaged in any significant related party transactions during the reporting period[103] - The company has not faced any administrative penalties related to environmental issues during the reporting period[93] - The company has complied with various environmental protection laws and has not been penalized for violations during the reporting period[93] Financial Performance - The company's operating revenue for the reporting period was ¥777,165,179.22, a decrease of 4.58% compared to the same period last year[25] - The net profit attributable to shareholders was -¥130,781,340.60, representing a significant decline of 1,567.57% year-on-year[25] - The net cash flow from operating activities was -¥56,603,217.15, a decrease of 151.51% compared to the previous year[25] - The total assets at the end of the reporting period were ¥3,094,351,481.68, an increase of 3.35% from the end of the previous year[25] - The net assets attributable to shareholders decreased by 10.49% to ¥1,101,916,843.49 compared to the end of the previous year[25] - The basic and diluted earnings per share were both -¥0.28, reflecting a decrease of 1,300.00% year-on-year[25] - The company reported a significant increase in non-operating losses, with a total of -¥372,367.88 from various non-recurring items[31] - The company reported a significant decline in revenue and net profit since the first half of 2022, indicating a need for effective management strategies to prevent further performance decline[76] - The company faces external risks due to complex international political and economic conditions, which may adversely affect operational performance if market demand does not recover as expected[75] Research and Development - R&D investment increased by 8.14% to CNY 76.16 million, reflecting the company's commitment to technological advancement[44] - The company is committed to enhancing its research and development efforts to keep pace with rapid technological changes and market competition in the antenna products sector[76] - The company has been focusing on the development and sales of antenna products, fingerprint recognition modules, and thermal management components, which are widely used in consumer electronics and automotive sectors[34] Investment and Capital Management - The total investment amount for the reporting period was ¥22,674,512.37, a decrease of 15.55% compared to the previous year's investment of ¥26,848,120.00[55] - The total amount of raised funds was ¥67,501.68 million, with ¥2,603.47 million invested during the reporting period and a cumulative investment of ¥39,101.64 million[57] - The remaining raised funds amount to ¥30,996.38 million, which includes interest income[57] - The company has temporarily slowed down investment progress due to factors such as weak consumer electronics market demand and public health events[63] - The company plans to invest 983 million RMB in the automotive business headquarters project in Guangzhou, with the establishment of a wholly-owned subsidiary, Guangzhou Shuo Beid Technology Co., Ltd., having a registered capital of 10 million RMB[120] Shareholder Information - The company held its annual general meeting on May 18, 2023, with an investor participation rate of 20.16%[82] - The first extraordinary general meeting of 2023 was held on June 12, 2023, with a participation rate of 19.46%[82] - The total number of shares before the change was 465,746,427, with a decrease of 1,106,456 shares, resulting in a total of 465,746,427 shares after the change[125] - The proportion of limited sale shares decreased from 5.00% to 4.77%, totaling 22,202,315 shares[125] - The number of shareholders holding more than 5% of ordinary shares includes Tibet Shobeyde Holdings Co., Ltd. with 16.92% (78,825,104 shares) and Zhu Kunhua with 2.78% (12,936,677 shares)[131] - The company repurchased 4,934,982 shares, accounting for 1.06% of the total share capital[131] - The total number of ordinary shareholders at the end of the reporting period was 37,399[131] Cash Flow and Liquidity - The company’s cash and cash equivalents increased by 459.47% to CNY 147.08 million, driven by improved financing cash flows[44] - Operating cash flow for the first half of 2023 was negative CNY 56,603,217.15, a significant decline from positive CNY 109,887,023.95 in the first half of 2022[161] - Cash inflow from financing activities increased to CNY 646,055,738.53, compared to CNY 442,929,122.17 in the first half of 2022[162] - The company’s cash and cash equivalents at the end of the period stood at CNY 668,678,862.12, up from CNY 392,147,503.90 at the end of the previous year[162] Compliance and Legal Matters - The company has not reported any major litigation or arbitration matters during the reporting period[102] - There were no violations of external guarantees during the reporting period[99] - The company has not experienced any bankruptcy reorganization matters during the reporting period[101] - The company has not made any significant guarantees during the reporting period[115] Future Outlook - The company has indicated plans for future market expansion and product development, although specific figures and timelines were not disclosed in the report[170] - The company plans to strengthen its internal management and improve operational efficiency to mitigate management risks associated with its expanding business scale[78]

证券代码：300322 证券简称：硕贝德 惠州硕贝德无线科技股份有限公司 投资者关系活动记录表 编号：2023-001 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 □一对一沟通 □其他___________________________________ 参与单位名称 及人员姓名 参与公司 2022 年度网上业绩说明会的投资者 时间 2023 年 5 月 16 日 (周二) 下午 15:00 至 17:00 地点 价值在线（https://www.ir-online.cn/） 1、董事长朱坤华先生 2、总经理温巧夫先生 上市公司接待 3、董事会秘书黄刚先生 人员 4、财务负责人陈忠琪先生 5、独立董事陈荣盛先生 6、保荐代表人印鹏先生 互动问答： 1、2022 年以及 2023 年 1 季度亏损原因，以及武汉荆门 12 亿项目最新 进展，后续公司营收主要依靠哪块，以及 2023 是否能扭亏？ 投资者关系活 答:尊敬的投资者您好，①2022 年报告期内，受外部环境影响，消费电子 动主要内容介 行业需求下行，公司指纹模组及终端天线业务销售收入 ...

惠州硕贝德无线科技股份有限公司 关于举行 2022 年度网上业绩说明会的公告 公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 惠州硕贝德无线科技股份有限公司（以下简称"公司"）已于2023年4月27日 在巨潮资讯网上披露了《2022年年度报告》。为了让广大投资者进一步了解公司2022 年度经营成果、财务状况及未来发展规划，公司定于2023年5月16日（星期二）15:00 至17:00在"价值在线"（www.ir-online.cn）举办公司2022年度业绩说明会。 一、说明会召开的时间、地点和方式 证券代码：300322 证券简称：硕贝德 公告编号：2023-026 2、召开地点：价值在线（www.ir-online.cn） 3、召开方式：网络互动方式 1 1、召开时间：2023年5月16日（星期二）15:00-17:00 二、参加人员 公司董事长朱坤华先生、总经理温巧夫先生、董事会秘书黄刚先生、财务负责 人陈忠琪先生、独立董事陈荣盛先生及保荐代表人印鹏先生（如遇特殊情况，参会 人员可能进行调整）。 三、投资者参加方式 投资者可于2023年5月16日（星期二）15 ...

Financial Performance - The company's revenue significantly declined in 2022, primarily due to a downturn in demand in the consumer electronics industry, with sales of fingerprint modules and terminal antennas decreasing compared to the previous year[5]. - Net profit for 2022 dropped substantially, influenced by asset impairment provisions and ongoing investments in new energy production lines, which have not yet achieved scale effects[5]. - The total revenue for 2022 was ¥1,545,732,661.62, representing a decrease of 20.90% compared to ¥1,961,487,981.84 in 2021[40]. - The net profit attributable to shareholders was a loss of ¥86,605,158.85, a decline of 280.91% from a profit of ¥47,872,494.04 in 2021[40]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥122,842,959.57, down 480.67% from ¥32,269,776.11 in 2021[40]. - The net cash flow from operating activities improved to ¥146,559,834.19, a significant increase of 335.57% from a negative cash flow of ¥62,215,468.68 in 2021[40]. - The net profit attributable to shareholders for Q1 2022 was ¥2.73 million, while Q2, Q3, and Q4 reported net losses of ¥10.57 million, ¥14.78 million, and ¥63.99 million respectively[43]. - The company reported a total of ¥36.24 million in non-recurring gains and losses for 2022, significantly higher than ¥15.60 million in 2021[47]. Market Strategy and Development - The company plans to enhance market research and R&D efforts to accelerate the development and mass production of new products, aiming to improve its competitive strength and industry position[11]. - The company aims to deepen relationships with existing major clients while actively seeking new customers and products to cultivate new growth points[11]. - The company is focusing on the development of 5G technology and expanding its product offerings in the wireless communication sector[36]. - The company plans to enhance its market presence through strategic partnerships and potential acquisitions in the technology space[36]. - The company aims for the new energy vehicle market to continue growing, with projections indicating a market size of 15.98 million units by 2026, reflecting a compound annual growth rate of 35.1%[55]. - The company is committed to talent cultivation and recruitment to support its strategic development and enhance operational efficiency[106]. Risks and Challenges - The company faces risks related to external economic conditions, including potential adverse impacts from international political and economic changes on its operational performance[7]. - The company is exposed to foreign exchange risks due to its export business primarily settled in USD, necessitating close monitoring of exchange rate fluctuations[8]. - The company has identified risks associated with accounts receivable, emphasizing the need for enhanced credit risk assessment and management practices[16]. - The company acknowledges the risk of core personnel turnover and is committed to improving talent retention strategies and internal training programs[15]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the last three accounting years[41]. Investments and Acquisitions - The company acquired a 51.28% stake in Huizhou Jinri Industrial Technology Co., which specializes in the R&D, production, and sales of high and low voltage harnesses for new energy vehicle battery packs[58]. - The company has established production bases in Huizhou, Suzhou, and Vietnam, enhancing its manufacturing capabilities across key electronic industry regions[56]. - The company has divested from Suzhou Shobeyde Communication Technology Co., which will no longer be included in the consolidated financial statements, aiming to optimize its business structure[104]. - The company has established a new wholly-owned subsidiary, Jingmen ShuoBeide New Energy Technology Co., Ltd., in August 2022[185]. Corporate Governance - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finance, ensuring no competition with the controlling shareholder's other enterprises[115]. - The company has a complete and independent financial management system, with its own accounting and auditing departments, and operates independent bank accounts[116]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management to enhance work motivation[113]. - The company strictly adheres to information disclosure obligations, ensuring transparency and fairness for all shareholders through designated media and communication channels[112]. - The company has a robust governance structure in compliance with relevant laws and regulations, with no significant discrepancies noted[113]. Research and Development - The company has invested significantly in R&D, focusing on 5G technology since 2017, becoming one of the earliest companies in the wireless communication terminal industry to develop 5G technology[55]. - Research and development (R&D) investment reached ¥162,049,490.59, which is 10.48% of the operating revenue, up from 6.87% in the previous year[75]. - The number of R&D personnel increased by 18.42% to 450, while the proportion of R&D personnel to total employees slightly decreased to 19.30%[75]. - The company is investing in R&D for new technologies, allocating $G million towards innovation initiatives[5]. Shareholder Relations - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, with participation rates of 20.29%, 20.54%, and 20.30% respectively[117]. - The company is committed to upholding the rights and interests of shareholders and promoting its development[143]. - The company has established diverse investor communication channels, including dedicated phone lines and email addresses, to ensure investors' right to know[112]. - The company has engaged in various investor relations activities, providing updates on its performance and strategic direction[107]. Financial Management - The company has established a multi-faceted incentive compensation mechanism based on job value, performance, and market orientation[151]. - The company reported a total shareholding of 29,603,086 shares at the end of the reporting period, with a decrease of 1,200,000 shares during the period[120]. - The company has a total of 30,800 shares held by its executives, with no new shares acquired during the reporting period[120]. - The company has not provided guarantees for the controlling shareholder and does not have any instances of fund occupation by the controlling shareholder[111].

Financial Position - Total assets at the end of 2022 amounted to 2,998,000,000.00 CNY, with cash and cash equivalents representing 20.96% of total assets[3]. - Accounts receivable decreased by 1.47% from 20.35% at the beginning of the year to 18.88% at year-end, totaling 565,181,899.14 CNY[3]. - Fixed assets increased significantly by 4.61%, rising from 18.28% to 22.89% of total assets, attributed to new factory construction and equipment purchases[3]. - The total current assets at the end of 2022 were 1,755,053,708.50 CNY, down from 1,847,202,801.85 CNY at the beginning of the year[7]. - The company reported a significant increase in long-term borrowings, which rose to 172,464,483.88 CNY, accounting for 5.76% of total assets[4]. - The company's total liabilities decreased, with short-term liabilities accounting for 17.98% of total assets at year-end[4]. - As of December 31, 2022, total assets amounted to CNY 2,994,159,895.95, an increase from CNY 2,897,922,685.19 in 2021, reflecting a growth of approximately 3.5%[12]. - Total liabilities reached CNY 1,696,239,359.05, up from CNY 1,466,920,007.25 in the previous year, indicating an increase of about 15.6%[12]. - The total non-current assets increased to CNY 1,239,106,187.45 from CNY 1,050,719,883.34, indicating a growth of approximately 17.9%[12]. Revenue and Profitability - Total operating revenue for 2022 was CNY 1,545,732,661.62, a decrease of 20.9% from CNY 1,954,123,946.44 in 2021[14]. - Net profit for 2022 was a loss of CNY 94,480,454.02, compared to a profit of CNY 53,072,871.27 in 2021[14]. - The company reported a total comprehensive loss of CNY 93,707,122.60 for 2022, compared to a comprehensive income of CNY 53,170,412.93 in 2021[14]. - The basic earnings per share for 2022 was -CNY 0.19, down from CNY 0.10 in 2021[14]. - The company's total comprehensive income for the year was a loss of CNY 93,707,122.60, compared to a profit in the previous year[19]. - The retained earnings decreased by CNY 145,711,883.90, indicating a significant reduction in undistributed profits[19]. - The company experienced a significant decline in net profit, which may impact future investment decisions[19]. Cash Flow - Cash flow from operating activities generated a net cash inflow of CNY 146,559,834.19 in 2022, compared to a net outflow of CNY 62,215,468.68 in 2021[15]. - Cash inflow from investment activities was CNY 272,463,757.66 in 2022, a decrease from CNY 596,106,656.71 in 2021[15]. - Cash outflow from financing activities resulted in a net cash outflow of CNY 58,915,285.68 in 2022, compared to a net inflow of CNY 86,949,175.02 in 2021[15]. - The net cash flow from operating activities for 2022 was ¥169,467,865.16, a significant improvement compared to a net outflow of ¥102,244,900.08 in 2021[26]. - The net cash flow from investing activities was ¥99,619,668.83, recovering from a net outflow of ¥423,648,494.51 in 2021[26]. - The net cash flow from financing activities was a negative ¥51,323,193.19, an improvement from a larger negative cash flow of ¥1,555,722.02 in 2021[26]. Expenses - Total operating costs for 2022 were CNY 1,643,225,648.91, down 14.4% from CNY 1,918,922,516.83 in 2021[14]. - Research and development expenses increased to CNY 160,546,648.95 in 2022, up 22.0% from CNY 131,606,204.73 in 2021[14]. - The company's financial expenses rose to RMB 31,159,283.25 in 2022 from RMB 13,264,093.68 in 2021, indicating an increase of approximately 134.00%[23]. Inventory and Receivables - Inventory decreased slightly by 0.89%, from 11.35% to 10.46% of total assets, totaling 313,293,869.82 CNY[3]. - Inventory levels were reported at CNY 313,078,554.63, down from CNY 328,895,371.93, which is a decrease of about 4.8%[12]. - The company's inventory decreased to RMB 117,071,959.26 in 2022 from RMB 142,773,949.91 in 2021, indicating a reduction of approximately 17.98%[21]. Equity and Capital - The company's total equity decreased to CNY 1,297,920,536.90 from CNY 1,431,002,677.94, reflecting a decline of approximately 9.3%[12]. - The total equity attributable to the parent company at the end of 2022 was CNY 1,376,713,078.25, a decrease of 10.59% from the previous year[19]. - The capital reserve increased by CNY 50,009,916.42, reflecting new capital contributions[19]. - The total equity decreased to RMB 1,345,837,536.59 in 2022 from RMB 1,445,701,607.52 in 2021, reflecting a decline of about 6.92%[21]. Future Plans and Strategies - The company plans to focus on new product development and market expansion strategies in the upcoming year[19]. - The company is exploring potential mergers and acquisitions to enhance market presence and product offerings[19]. - The company aims to strengthen its reporting processes moving forward[33]. - The company plans to enhance the preparation of periodic reports to avoid discrepancies in the future[33]. Reporting and Compliance - The company expressed apologies for any inconvenience caused to investors due to the report corrections[33]. - The updated annual report and audit report are available on the Giant Tide Information Network[33]. - The board of directors announced these updates on April 27, 2023[35].

Financial Performance - The company's revenue for Q1 2023 was ¥350,080,636.23, a decrease of 10.76% compared to ¥392,283,469.71 in the same period last year[4]. - The net profit attributable to shareholders was a loss of ¥26,871,347.64, representing a decline of 1,083.90% from a profit of ¥2,731,107.42 in Q1 2022[4]. - The net cash flow from operating activities was negative at ¥57,960,276.92, a decrease of 185.72% compared to a positive cash flow of ¥67,618,432.11 in the previous year[4]. - The company's basic and diluted earnings per share were both -¥0.06, a decrease of 700.00% from ¥0.01 in Q1 2022[4]. - The weighted average return on equity was -2.21%, down 2.41% from 0.20% in the same period last year[4]. - The company reported a significant increase in financial expenses, which rose by 93.59% to ¥10,043,064.52 due to exchange rate losses[8]. - The company experienced a 66.25% decrease in cash received from operating activities, totaling ¥8,059,354.58 compared to ¥23,878,407.84 in Q1 2022[8]. - The company's net profit for Q1 2023 was -25,231,572.43 CNY, compared to a net profit of 4,809,467.30 CNY in Q1 2022, representing a significant decline[18]. - Operating profit for Q1 2023 was -27,688,904.22 CNY, down from 4,961,079.40 CNY in the same period last year[18]. - The company reported a total comprehensive income of -25,316,703.04 CNY for Q1 2023, compared to 2,532,453.62 CNY in Q1 2022[18]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥3,063,472,333.27, an increase of 2.31% from ¥2,994,159,895.95 at the end of the previous year[4]. - Current assets totaled CNY 1,798,102,043.16, an increase of 2.45% from CNY 1,755,053,708.50 in the previous period[15]. - Non-current assets amounted to CNY 1,265,370,290.11, reflecting a growth of 2.56% compared to CNY 1,239,106,187.45 last year[15]. - Total liabilities were CNY 1,788,646,598.96, an increase of 5.43% from CNY 1,696,239,359.05 in the previous year[15]. - Shareholders' equity totaled CNY 1,274,825,734.31, down from CNY 1,297,920,536.90, indicating a decrease of 1.78%[15]. - The company reported a decrease in accounts payable to CNY 288,297,313.37 from CNY 314,395,376.85, a reduction of 8.31%[15]. Cash Flow - The net cash flow from financing activities increased by 340.92% to ¥159,874,252.52, attributed to increased borrowings and reduced debt repayments[9]. - Cash and cash equivalents at the end of Q1 2023 were 598,590,726.57 CNY, an increase from 423,645,786.27 CNY at the end of Q1 2022[21]. - The total cash inflow from financing activities in Q1 2023 was 319,827,616.67 CNY, compared to 251,199,000.00 CNY in Q1 2022, reflecting increased financing efforts[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,702[10]. - The largest shareholder, Tibet Shobeyde Holdings Co., Ltd., holds 78,825,104 shares, accounting for 16.92% of total shares[10]. - The number of shares held by the top ten unrestricted shareholders includes significant holdings by individuals such as Zhu Kunhua and Zhang Haijun[10]. - The company repurchased 4,934,982 shares through its dedicated repurchase account[11]. - The total number of restricted shares at the beginning of the period was 23,308,771, with 920,250 shares released during the period[13]. Operational Insights - Total operating revenue for Q1 2023 was CNY 350,080,636.23, a decrease of 10.75% compared to CNY 392,283,469.71 in the same period last year[17]. - Total operating costs for Q1 2023 were CNY 385,370,623.25, down 5.77% from CNY 409,018,040.67 in the previous year[17]. - Operating costs included CNY 277,852,699.08 in operating expenses, which decreased by 14.19% from CNY 324,110,016.53 year-over-year[17]. - The company has not disclosed any new product developments or market expansion strategies in the current report[12]. - There are no preferred shareholders reported for the current period[12]. Receivables and Financing - Accounts receivable decreased to ¥469,501,386.89 from ¥565,181,899.14, a decline of about 16.9%[13]. - The company has a total of 29,614,868.77 in receivables financing, up from 23,164,250.62, indicating an increase of approximately 27.5%[13]. - Research and development expenses increased to 36,970,873.99 CNY in Q1 2023, up from 31,614,551.17 CNY in Q1 2022, indicating a focus on innovation[18].

Financial Performance - The company's operating revenue for 2021 was ¥1,954,123,946.44, representing a 5.86% increase compared to ¥1,845,932,829.62 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥47,872,494.04, a significant increase of 59.72% from ¥29,973,421.35 in 2020[28]. - The net profit after deducting non-recurring gains and losses was ¥32,269,776.11, which is a 92.30% increase from ¥16,781,198.64 in 2020[28]. - The company's cash flow from operating activities showed a negative net amount of ¥62,215,468.68, a decline of 172.97% compared to ¥85,256,424.44 in 2020[28]. - The total assets at the end of 2021 were ¥2,897,922,685.19, a decrease of 1.82% from ¥2,951,536,065.57 at the end of 2020[28]. - The net assets attributable to shareholders increased by 2.49% to ¥1,376,713,078.25 at the end of 2021, compared to ¥1,343,292,822.07 at the end of 2020[28]. - The total revenue for 2021 reached ¥1,954,123,946.44, representing a year-on-year increase of 5.86% compared to ¥1,845,932,829.62 in 2020[52]. - Antenna sales accounted for ¥1,185,110,357.96, which is 60.65% of total revenue, showing a significant increase of 23.99% from ¥955,783,416.72 in 2020[52]. - Fingerprint module revenue decreased by 21.52% to ¥467,597,129.25, down from ¥595,810,642.89 in 2020, representing 23.93% of total revenue[52]. - Domestic sales were ¥1,153,923,232.71, a decrease of 2.46% from ¥1,183,013,363.31 in 2020, while international sales increased by 20.71% to ¥800,200,713.73[53]. Research and Development - The company emphasizes the importance of technological innovation and plans to increase R&D investment to keep pace with industry trends and product upgrades[7]. - The company is dedicated to timely adjusting its R&D direction and technology reserves to respond to market demands[7]. - Research and development expenses increased by 9.43% to ¥131,606,204.73, indicating a continued focus on innovation[63]. - The company's R&D investment in 2021 amounted to ¥134,211,664.51, representing 6.87% of total operating revenue, a slight increase from 6.83% in 2020[64]. - The number of R&D personnel increased by 15.50% from 329 in 2020 to 380 in 2021, with the proportion of R&D staff rising from 14.69% to 19.93%[64]. - The company plans to enhance R&D investment in antennas, fingerprint modules, and thermal components, focusing on large clients to deepen customer value extraction[96]. Market Expansion and Client Relationships - The company aims to deepen relationships with major clients while continuously exploring new customer opportunities to drive growth[6]. - The company is focused on market expansion and developing new clients while maintaining existing customer relationships[10]. - The company has established long-term partnerships with well-known domestic and international manufacturers, improving its market reputation[45]. - The company has successfully expanded its product offerings, including the supply of AR/VR antennas to North American clients and becoming a supplier for Dongfeng Nissan's 5G vehicle networking antennas[49]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market position and diversify its product offerings[81]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[129]. Risks and Challenges - The company faces risks related to high accounts receivable, which may lead to significant capital occupation and potential bad debt if clients' business conditions worsen[11]. - The company acknowledges external environmental risks, including trade tensions and international disputes, which may indirectly impact operations[6]. - The company recognizes the risk of fundraising project implementation being affected by macroeconomic fluctuations and industry cycles[10]. - The company reported a significant decline in net cash flow from operating activities, down 172.97% year-on-year, primarily due to rising raw material costs and unfavorable payment terms[66]. Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance regulations[102]. - The company has established a transparent information disclosure system to enhance investor relations and protect shareholder rights[103]. - There are no significant discrepancies between the company's governance practices and the regulations set forth by relevant authorities[104]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring no shared resources or conflicts of interest[105]. - The company has established an independent financial accounting department and internal audit department, with a complete accounting system and financial management protocols[106]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[170]. Employee Management and Compensation - The company emphasizes a competitive compensation and incentive system to attract and retain talent, fostering employee development and engagement[97]. - The company has a comprehensive salary management system, with employee compensation consisting of basic salary, position salary, performance salary, and benefits[149]. - The company has established a training management system, providing both pre-job and on-the-job training to enhance employee skills and efficiency[150]. - The total pre-tax remuneration for the board of directors and senior management during the reporting period amounted to 538.97 million CNY[134]. - The chairman, Zhu Kunhua, received a pre-tax remuneration of 42.45 million CNY[133]. - The company’s management compensation is determined based on performance, responsibilities, and industry benchmarks[131]. Investment and Financial Management - The total amount of raised funds is 67,501.68 million yuan, with 29,712.77 million yuan utilized during the reporting period[86]. - The remaining raised funds amount to 38,975.71 million yuan, which includes interest income[86]. - The investment amount for the reporting period reached ¥144,610,583.94, representing a significant increase of 292.14% compared to the previous year's investment of ¥36,877,075.00[77]. - The company has committed to invest 30 million yuan as a limited partner in the Suzhou Juhe Pengfei Venture Capital Partnership, which is managed by Shenzhen Juhe Capital[195]. - The company has also planned sale-leaseback financing leasing with a total financing amount not exceeding 5 million yuan with Sinopharm Holdings (China) Leasing Co., Ltd. for a period of 3 years[200]. Future Outlook - Future guidance indicates a positive outlook for revenue growth driven by new product launches and market expansion strategies[114]. - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[129]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart technology[129]. - The management remains committed to enhancing operational efficiency and maximizing shareholder value through strategic initiatives[114].

Financial Performance - The company's revenue for 2022 significantly declined due to external environmental impacts, with sales revenue from fingerprint modules and terminal antennas dropping compared to the previous year[5]. - Net profit for 2022 decreased substantially, attributed to the downturn in the consumer electronics industry and the impairment provisions for important assets[5]. - The total revenue for 2022 was ¥1,545,732,661.62, representing a decrease of 20.90% compared to 2021[40]. - The net profit attributable to shareholders was -¥86,605,158.85, a decline of 280.91% from the previous year[40]. - The company's operating revenue for 2022 was approximately CNY 1.55 billion, a decrease of 20.9% compared to CNY 1.95 billion in 2021[41]. - The net profit attributable to shareholders for Q1 2022 was CNY 2.73 million, but the company reported net losses in Q2, Q3, and Q4, totaling CNY -63.99 million in Q4[43]. - The company experienced a negative net profit after deducting non-recurring gains and losses for the last three accounting years, indicating ongoing financial challenges[41]. - The company reported a loss of ¥69,957,654.32 from asset impairment, primarily due to inventory devaluation[83]. Investment and R&D - The company is currently in the investment phase for new energy production lines, which have not yet achieved scale effects[5]. - The company plans to enhance market research and R&D efforts to accelerate the development and mass production of new products, aiming to improve its competitive strength[11]. - The company has invested significantly in R&D, focusing on 5G technology since 2017, becoming one of the earliest companies in the wireless communication terminal industry to engage in 5G research and development[55]. - The company’s R&D investment reached ¥162,049,490.59, accounting for 10.48% of operating revenue, up from 6.87% in the previous year[77]. - Research and development expenses increased by 21.99% to ¥160,546,648.95, driven by intensified investment in new product development[76]. - The company aims to increase R&D investment to develop high-tech products for consumer electronics, communications, and new energy vehicles[109]. Market and Product Development - The company is focusing on the development of 5G technology and related products, including LDS antennas and CPE devices[35]. - Future outlook includes market expansion and potential mergers and acquisitions to enhance product offerings and market presence[35]. - The company has expanded its product lines in the new energy sector, including copper-aluminum busbars and CCS connection systems, specifically targeting the new energy vehicle market[58]. - The company made significant breakthroughs in new energy vehicle components, securing large orders from well-known domestic clients for multi-functional automotive antennas[62]. - The company is actively exploring potential mergers and acquisitions to expand its technological capabilities and market reach[128]. Operational Challenges and Risks - The company faces risks from external environmental changes, including potential adverse impacts on operational performance if market demand does not recover as expected[7]. - The company acknowledges the risk of core personnel turnover due to increasing competition for skilled talent in its innovative and technology-driven industry[15]. - The company emphasizes the need for timely adjustments in management strategies to address operational challenges arising from its expanding business scale[19]. - The company is facing uncertainty regarding its ability to continue as a going concern, as indicated in the audit report for the last year[41]. Financial Management and Governance - The company will not distribute cash dividends or issue bonus shares for the year[20]. - The company has established a comprehensive training system to enhance employee skills and capabilities[155]. - The company has implemented a performance-based compensation policy that includes basic salary and performance bonuses[154]. - The company has a structured decision-making process for determining the compensation of directors and senior management, involving the remuneration and assessment committee[140]. - The company has established a governance structure that effectively protects the rights of shareholders and creditors[172]. Employee and Management Structure - The total number of employees at the end of the reporting period is 2,332, with 1,185 in the parent company and 1,147 in major subsidiaries[152]. - The company has 1,420 production personnel, 153 sales personnel, 450 technical personnel, 47 financial personnel, and 262 administrative personnel[152]. - The management team has extensive experience in the electronics and technology sectors, which is expected to drive future growth and innovation[128]. - The company has established a comprehensive performance evaluation and incentive mechanism for its directors, supervisors, and senior management to enhance work motivation[116]. Strategic Outlook - The company is committed to improving operational efficiency and exploring new strategies to recover from recent financial setbacks[35]. - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs by the end of the next fiscal year[138]. - The company is committed to maintaining a strong financial position while pursuing growth strategies in emerging markets[128]. - The company aims for the new energy vehicle market to continue growing, with projections indicating a market size of 15.98 million units by 2026, reflecting a compound annual growth rate of 35.1%[55].

Financial Performance - Revenue for Q3 2022 was CNY 366,022,186.91, a decrease of 25.35% year-over-year, and year-to-date revenue was CNY 1,180,517,123.42, down 18.86% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2022 was a loss of CNY 14,775,296.78, representing a decline of 244.25% year-over-year, with a year-to-date loss of CNY 22,617,936.63, down 157.18%[3]. - Total operating revenue for Q3 2022 was CNY 1,180,517,123.42, a decrease of 18.8% compared to CNY 1,454,964,580.04 in the same period last year[18]. - The net profit for Q3 2022 was a loss of CNY 25,932,301.59, compared to a profit of CNY 45,507,348.87 in Q3 2021, indicating a significant decline[18]. - The total comprehensive income for the period was -25,405,877.93 CNY, down from 45,431,402.36 CNY year-over-year[19]. - Basic and diluted earnings per share were both -0.05 CNY, compared to 0.08 CNY in the previous year[19]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 114,849,882.07, an increase of 234.02% compared to the same period last year[3]. - Cash inflow from operating activities was 1,421,434,803.94 CNY, a decrease of 16.2% from 1,696,633,492.69 CNY in the prior year[20]. - The net cash flow from operating activities was 114,849,882.07 CNY, a turnaround from a net outflow of -85,696,517.70 CNY in the same period last year[22]. - Cash outflow from investing activities totaled 386,894,378.62 CNY, compared to 218,466,079.66 CNY in the previous year, reflecting increased investment activity[22]. - The cash and cash equivalents at the end of the period were 375,164,083.86 CNY, down from 633,524,560.88 CNY at the end of the previous year[22]. - The company reported a tax refund of 22,938,383.02 CNY, compared to 19,416,462.60 CNY in the same period last year, indicating improved cash flow management[22]. Assets and Liabilities - Total assets as of September 30, 2022, were CNY 2,923,342,900.20, reflecting a 0.88% increase from the end of the previous year[3]. - Total liabilities increased to CNY 1,594,355,919.47 from CNY 1,466,920,007.25, reflecting an increase of 8.7%[16]. - The company's equity attributable to shareholders decreased by 5.98% to CNY 1,294,356,375.83 compared to the end of the previous year[3]. - The company's equity attributable to shareholders decreased to CNY 1,294,356,375.83 from CNY 1,376,713,078.25, a decline of 6%[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 33,770[9]. - The largest shareholder, Tibet Shobeyde Holdings Co., Ltd., holds 16.92% of shares, totaling 78,825,104 shares, with 46,270,000 shares pledged[9]. - The company completed a share buyback of 4,934,982 shares, representing 1.06% of the total share capital, with a total transaction amount of approximately RMB 50 million[13]. - The highest share buyback price was RMB 11.87 per share, while the lowest was RMB 8.36 per share[13]. - The company has 26,386,071 shares under lock-up, with 3,078,425 shares released during the reporting period[14]. - The company has not disclosed any related party relationships among shareholders holding more than 5% of shares[9]. Investments and Projects - The company plans to invest approximately RMB 1.26 billion in a new energy components project in Jingmen, focusing on the development and production of various new energy products[14]. - The registered capital of the subsidiary, Shenzhen Dayi Precision Technology Co., Ltd., increased from RMB 15.3764 million to RMB 17.3764 million, with the company's ownership decreasing from 7.04% to 6.23%[11]. - The company has agreed to transfer 51% of its stake in Suzhou Shobeyde Communication Technology Co., Ltd. for RMB 42.9273 million, resulting in the company no longer holding any equity in this subsidiary[11]. - The company has maintained a 4.89% stake in Suzhou Polymer Pengfei Venture Capital Partnership after waiving the right of first refusal on share transfers by other partners[12]. Operating Costs and Expenses - Total operating costs for Q3 2022 were CNY 1,216,339,202.87, down from CNY 1,414,972,162.58, reflecting a reduction of 14%[18]. - Research and development expenses for Q3 2022 were CNY 112,325,235.80, compared to CNY 97,185,163.89 in the previous year, an increase of 15.5%[18]. Other Financial Metrics - The company experienced a 360.77% increase in receivable interest, amounting to CNY 3,614,069.44, compared to CNY 784,361.11 at the beginning of the year[7]. - The company reported a significant increase in government subsidies, with CNY 24,803,909.00 received year-to-date, up 220.07% from CNY 7,749,569.21 in the same period last year[8]. - The company’s investment income decreased significantly by 1560.40% to a loss of CNY 5,172,430.45 due to reduced gains from subsidiary disposals[8]. - The company’s cash flow from investment activities increased by 2848.41% to CNY 278,556,182.66, driven by increased cash inflows from term deposits and subsidiary disposals[8]. Audit Information - The company did not undergo an audit for the Q3 report[23].

Financial Performance - The company's net profit for 2020 was CNY 36.8042 million, a year-on-year decrease of 61.91%, with net profit attributable to shareholders down 67.73%[5] - The decline in profit was primarily due to increased material and labor costs, lower-than-expected revenue from some clients, and increased exchange losses from USD fluctuations[5] - The company's operating revenue for 2020 was ¥1,845,932,829.62, an increase of 5.51% compared to ¥1,749,506,400.24 in 2019[21] - The net profit attributable to shareholders decreased by 67.73% to ¥29,973,421.35 from ¥92,879,537.71 in 2019[21] - The net profit after deducting non-recurring gains and losses was ¥16,781,198.64, down 61.67% from ¥43,783,409.34 in 2019[21] - The cash flow from operating activities was ¥85,256,424.44, down 48.24% from ¥164,714,163.26 in 2019[21] - The company reported a basic earnings per share of ¥0.07, a decrease of 69.57% from ¥0.23 in 2019[21] Revenue and Growth - The company achieved operating revenue of RMB 184,593.28 million in 2020, an increase of 5.51% year-on-year[39] - The revenue from the base station antenna business increased by nearly 100% year-on-year, driven by strong demand[40] - The revenue from the heat dissipation component business surged by 861% year-on-year, benefiting from the integration of terminal and base station product functionalities[40] - The total operating revenue for 2020 was CNY 1,845,932,829.62, representing a year-on-year increase of 5.51% compared to CNY 1,749,506,400.24 in 2019[47] - The revenue from antennas was CNY 955,783,416.72, accounting for 51.78% of total revenue, with a year-on-year growth of 4.10%[49] Research and Development - The company will enhance R&D and market research efforts to keep pace with market changes and accelerate the development and mass production of new products[5] - The company invested a total of ¥126,129,171.21 in R&D, accounting for 6.83% of its operating revenue in 2020[58] - The main focus of R&D investment was on LCP antennas, 5G micro base station antennas, and Aip antennas[58] - The company is engaged in the research and development of new technologies and materials in the RF transmission field[74] - The company is focusing on enhancing management systems and cost control to improve operational efficiency and product quality[42] Strategic Initiatives - The company plans to actively explore new clients while maintaining existing ones and strictly control production costs to mitigate adverse impacts[5] - The company aims to expand its market presence through new product development and technological innovation[74] - The company aims to deepen customer relationships and explore new high-quality clients while providing customized services[86] - The company is focused on talent development by improving compensation and incentive mechanisms to attract and retain market-leading talent[86] - The company is exploring potential mergers and acquisitions to strengthen its position in the wireless technology sector, with a budget of 500 million RMB allocated for this purpose[189] Shareholder and Dividend Information - The profit distribution plan approved by the board is to distribute a cash dividend of CNY 0.2 per 10 shares (including tax) based on a total of 465,746,427 shares[8] - The cash dividend for 2020 represents 31.08% of the net profit attributable to the company's ordinary shareholders, which was 29,973,421.35 yuan[95] - The company has committed to maintaining a stable and sustainable profit distribution policy in line with investor expectations[90] - The company’s profit distribution plan for 2019 included a cash dividend of 0.4 yuan per 10 shares, totaling 16,270,794.00 yuan[93] Corporate Governance and Compliance - The company has established a governance structure to protect the rights and interests of shareholders and creditors[128] - The company emphasizes the protection of employee rights and continuously improves its compensation and training systems[129] - The company has adhered to its commitments regarding share transfers and has not violated any related regulations[99] - The company has maintained compliance with its performance commitments to minority shareholders during the reporting period[100] Legal and Regulatory Matters - The company is involved in a lawsuit against Shenzhen Sanhe Tongfa Precision Hardware Co., with a disputed amount of 12.9488 million yuan, currently in the second instance[107] - The company has reached a mediation agreement with Jiujiu Huali, with a remaining payment of 2.7092 million yuan pending[108] - The company has no significant litigation or arbitration matters affecting its financial status[106] Employee and Management Information - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 490.62 million CNY[192] - The company has a total of 2,239 employees, with 1,453 in the parent company and 786 in major subsidiaries[194] - The employee composition includes 1,521 production personnel, 329 technical personnel, and 188 administrative personnel[194] - The company implements a performance evaluation system that combines base salary and performance bonuses to determine final remuneration[196] Market and Industry Outlook - The government plans to build 600,000 new 5G base stations in 2021, which is expected to benefit the company as a manufacturer of mobile terminal antennas and base station antennas[84] - IDC forecasts that 5G smartphone shipments will account for over 40% of global sales in 2021, indicating a potential rebound in the consumer electronics industry[84]