Financial Performance - The company's operating revenue for the first half of 2022 was ¥814,494,936.51, a decrease of 15.56% compared to ¥964,627,405.92 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was -¥7,842,639.85, representing a decline of 126.75% from ¥29,313,584.06 in the previous year[22]. - The basic earnings per share for the reporting period was -¥0.02, down 133.33% from ¥0.06 in the same period last year[22]. - The company reported a net profit impact of over 10% from its major subsidiaries, indicating significant reliance on these entities for overall financial performance[75]. - The total revenue for the first half of 2022 was approximately CNY 1,346.34 million, compared to CNY 1,383.63 million in the same period of 2021, reflecting a decrease of about 2.7%[175]. - The net profit attributable to shareholders was CNY -10.71 million, a significant decline from CNY 881.63 million in the previous year, indicating a negative growth of approximately 101.2%[175]. Cash Flow and Assets - The net cash flow from operating activities was ¥109,887,023.95, a significant increase of 502.24% compared to -¥27,318,834.61 in the same period last year[22]. - The cash and cash equivalents increased by 113.51% to ¥26,289,836.61, driven by improved operating cash flow and reduced investment expenditures[44]. - The company's cash and cash equivalents rose to CNY 548,308,257.36, up from CNY 447,694,975.12, indicating a growth of 22.5%[156]. - The total current assets amounted to ¥1,797,175,853.46, down from ¥1,847,202,801.85, representing a decrease of about 2.7%[152]. - The company's total cash and cash equivalents at the end of the period were CNY 392,147,503.90, compared to CNY 365,857,667.29 at the beginning of the period[167]. Investments and R&D - Research and development investment increased by 11.93% to ¥70,423,014.59 from ¥62,918,132.47, indicating a commitment to innovation[44]. - The company is focusing on technology innovation and increasing R&D investment to stay competitive in a rapidly evolving industry[80]. - The R&D expenses for the first half of 2022 were CNY 36.83 million, which is a strategic investment aimed at enhancing product offerings and technological advancements[179]. - The company completed 898.8 billion yuan in 5G investment in the first half of the year, with a year-on-year growth of 29.6%[35]. Market and Product Development - The company has received bulk orders for VR/AR antennas from international leading customers, marking a breakthrough in technology and product development[38]. - The company has achieved multiple product line breakthroughs in the new energy vehicle sector, including bulk orders for multi-functional automotive antennas from well-known domestic customers[38]. - The company is actively expanding its overseas market presence, establishing subsidiaries in Taiwan, South Korea, the United States, and Vietnam[33]. - The company focuses on R&D in RF antennas and thermal management devices, targeting growth in VR/AR, 5G base stations, and new energy vehicle components[38]. Financial Management and Governance - The company has maintained its governance structure in compliance with relevant laws and regulations[97]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[96]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[109]. - The financial statements are prepared in accordance with the Chinese Accounting Standards, reflecting the company's financial position and operating results accurately[195]. Shareholder and Equity Information - The company completed a share buyback of 4,934,982 shares, accounting for 1.06% of the total share capital, with a total transaction amount of RMB 50 million[127]. - The largest shareholder, Tibet Shuo Bei De Holdings, holds 16.92% of the shares, with a total of 78,825,104 shares[138]. - The company’s shareholding structure includes 94.87% of unrestricted shares, totaling 441,842,613 shares[133]. - The company has a total of 35,929 shareholders as of the report date[138]. Risks and Challenges - The company faces risks related to external economic conditions, including trade tensions and market fluctuations, and plans to expand its customer base to mitigate these risks[79]. - The company has identified a high level of accounts receivable, which poses a risk of bad debts, and is implementing stricter credit risk assessments and management practices[82]. - The company anticipates potential risks associated with its fundraising projects, particularly if market conditions change unfavorably post-implementation[81]. Legal and Compliance Matters - The company reported a significant lawsuit involving Shenzhen Sanhetongfa Precision Hardware Co., with a claim amount of 12.94 million yuan, resulting in a judgment for the company to receive 12.93 million yuan plus interest[105]. - There were no major litigation or arbitration matters during the reporting period[105]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[104].

Financial Performance - The company's revenue for Q1 2022 was ¥392,283,469.71, a decrease of 18.81% compared to ¥483,192,912.85 in the same period last year[3] - Net profit attributable to shareholders was ¥2,731,107.42, down 75.99% from ¥11,374,982.17 year-on-year[3] - The company reported a basic earnings per share of ¥0.01, a decrease of 50.00% from ¥0.02 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 392,283,469.71, a decrease of 18.8% compared to CNY 483,192,912.85 in the same period last year[19] - The company's net profit for Q1 2022 was CNY 4,961,079.40, significantly lower than CNY 19,443,205.38 in Q1 2021, indicating a decline of 74.5%[19] - The total comprehensive income for Q1 2022 was CNY 2,532,453.62, down from CNY 15,325,949.99 in the same period last year[21] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥67,618,432.11, a significant increase of 171.99% compared to -¥93,921,658.67 in the previous year[3] - Operating cash flow for Q1 2022 was CNY 67,618,432.11, a recovery from a negative cash flow of CNY -93,921,658.67 in Q1 2021[24] - The net cash flow from financing activities for Q1 2022 was CNY 36,259,370.89, down from CNY 77,652,429.15 in Q1 2021[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,900,619,526.97, reflecting a slight increase of 0.09% from ¥2,897,922,685.19 at the end of the previous year[3] - Current assets totaled CNY 1,825,661,446.84, slightly down from CNY 1,847,202,801.85, a decrease of 1.2%[18] - Total liabilities decreased to CNY 1,466,086,406.48 from CNY 1,466,920,007.25, a reduction of 0.6%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,838[10] - The number of shares held by the top shareholder, Tibet Shobeyde Holdings Co., Ltd., is 78,825,104, accounting for 16.92% of total shares[11] - The total number of restricted shares increased to 26,383,821 from 23,903,814, reflecting a rise of approximately 10.3%[13] Investment and Expenses - The company reported a significant reduction in investment cash outflows, with cash paid for investments decreasing by 93.10% to ¥3,000,000.00 from ¥43,500,000.00 in the previous year[8] - Research and development expenses for Q1 2022 were CNY 31,614,551.17, compared to CNY 30,432,864.79 in the previous year, an increase of 3.9%[19] - The company incurred a total operating expense of CNY 483,482,472.59 in Q1 2022, down from CNY 638,787,626.69 in Q1 2021[24] Government Support and Financial Health - Government subsidies recognized during the period amounted to ¥16,954,380.08, an increase of 2159.38% compared to ¥750,400.41 in the same period last year[8] - The company's financial health appears stable, with a focus on managing receivables and enhancing cash flow for future investments[15] Future Outlook - The company plans to continue exploring market expansion opportunities and new product development in the upcoming quarters[14]

Financial Performance - The company's operating revenue for 2021 was ¥1,961,487,981.84, representing a 6.26% 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 attributable to shareholders after deducting non-recurring gains and losses was ¥32,269,776.11, up 92.30% from ¥16,781,198.64 in 2020[28]. - The net cash flow from operating activities for 2021 was -¥62,215,468.68, a decrease 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 at the end of 2021 were ¥1,376,713,078.25, reflecting a 2.49% increase from ¥1,343,292,822.07 at the end of 2020[28]. - The company achieved a revenue of 1,961.49 million yuan, an increase of 6.26% compared to the previous year[50]. - The net profit attributable to shareholders reached 47.87 million yuan, reflecting a significant growth of 59.72% year-on-year[50]. - The total revenue for 2021 reached ¥1,961,487,981.84, representing a year-on-year increase of 6.26% compared to ¥1,845,932,829.62 in 2020[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 maintaining a robust R&D system to ensure timely market introduction of new products and technologies[7]. - The company has invested significantly in 5G technology and achieved breakthroughs in millimeter-wave antenna technology[50]. - In 2021, the company's R&D investment amounted to ¥134,211,664.51, representing 6.84% of total operating revenue, a slight increase from 6.83% in 2020[65]. - The number of R&D personnel increased by 15.50% from 329 in 2020 to 380 in 2021, with R&D personnel now accounting for 19.93% of the total workforce[65]. - The company aims to enhance R&D investment in antennas, fingerprint modules, and heat dissipation components to improve product technology and market competitiveness[96]. Market and Customer Relations - The company aims to deepen relationships with major clients while continuously exploring new customer opportunities to drive growth[6]. - The company has established a strong reputation and long-term partnerships with well-known domestic and international manufacturers, contributing to its market position[46]. - 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 antennas[50]. - The company has developed a comprehensive marketing network across China and established overseas offices in Taiwan, South Korea, the United States, and Vietnam[45]. - The company anticipates growth opportunities in thermal management solutions due to increased demand from 5G devices and electric vehicles[40]. Risks and Challenges - The company faces risks related to high accounts receivable, which could lead to significant capital occupation and potential bad debt if clients' financial conditions worsen[10]. - The company acknowledges external risks from complex international situations, including trade friction and the pandemic, which may indirectly impact operations[6]. - The company has conducted thorough feasibility studies for its fundraising projects, but acknowledges potential risks from macroeconomic fluctuations affecting market demand[9]. - The company is focused on enhancing its accounts receivable management to minimize risks associated with credit evaluations and tracking[10]. Governance and Management - The company has a robust governance structure that complies with relevant laws and regulations, with no significant discrepancies identified[104]. - The board of directors consists of 9 members, including 3 independent directors, and has established various committees to enhance decision-making processes[102]. - The company has implemented a performance evaluation and incentive mechanism for its directors and executives, ensuring transparency and fairness in assessments[103]. - The company emphasizes information disclosure and investor relations, adhering to legal requirements and enhancing transparency for shareholders[103]. - The company has established multiple channels for investor communication, ensuring fair treatment of all investors and maintaining stakeholder interests[104]. Shareholder and Dividend Information - The company reported a profit distribution plan to distribute a cash dividend of 0.23 CNY per 10 shares based on a total of 465,746,427 shares[11]. - The total distributable profit for the year was 252,937,104.58 CNY, indicating a strong profit allocation strategy[152]. - The cash dividend amount represents a significant return to shareholders, reflecting the company's commitment to shareholder value[152]. - The company has a clear and transparent cash dividend policy, aligning with its articles of association and shareholder resolutions[151]. Investment and Capital Management - The company has engaged in significant equity investments, although specific amounts and details were not provided in the available data[79]. - The total amount of raised funds was 67,501.68 million CNY, with 29,712.77 million CNY utilized by the end of the reporting period[86]. - The company plans to slow down investment progress due to changes in market demand and external factors such as US-China trade tensions[88]. - The company has completed investments in various projects, including those related to thermal materials and communication technology, indicating a focus on innovation and technology advancement[81]. Employee and Talent Management - The company is committed to improving its talent incentive system to mitigate the risk of core personnel turnover amid increasing market competition[8]. - The company focuses on talent acquisition and retention, implementing performance-based evaluation systems and stock incentive plans for core employees[51]. - The company has established a comprehensive training management system, providing both pre-job and on-the-job training for employees[150]. - The company has a competitive salary system, with employee compensation consisting of base salary, position salary, performance salary, and welfare subsidies[149]. Legal and Compliance Matters - The company is involved in a lawsuit against Shenzhen Sanhe Tongfa Precision Hardware Co., with a claim amount of 12.9488 million RMB, which has been ruled in favor of the company in the first instance[183]. - The company has a pending case against Dongguan Xianjiang Precision Technology Co., with a claim amount of 154,100 RMB, which has been ruled in favor of the company[184]. - The company has not faced any penalties from regulatory authorities in the past three years, indicating a stable governance structure[130]. - The company has conducted regular internal audits to ensure compliance and the integrity of financial information[103].

Financial Performance - The company's revenue for Q3 2021 was ¥490,337,174.12, a decrease of 11.45% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥10,243,078.13, an increase of 14.48% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥7,584,715.14, up 18.98% from the previous year[4] - Total operating revenue for the third quarter reached ¥1,454,964,580.04, an increase of 10.2% compared to ¥1,320,064,017.96 in the same period last year[30] - Net profit for the period was ¥45,507,348.87, representing a 20.5% increase from ¥37,951,757.45 in the previous year[31] - Earnings attributable to the parent company were ¥39,556,662.19, compared to ¥33,029,093.90, marking a growth of 19.0%[31] - The company reported a comprehensive income total of ¥45,431,402.36, up from ¥37,190,933.51, indicating a year-over-year increase of 22.5%[32] Cash Flow - The company reported a net cash flow from operating activities of -¥85,696,517.70, a decline of 369.89% compared to the same period last year[4] - Cash inflow from operating activities was ¥1,696,633,492.69, compared to ¥1,347,448,803.04, reflecting a significant increase of 25.9%[34] - The total cash outflow from investing activities was 218,466,079.66 CNY, compared to 127,683,956.53 CNY in the same period last year, resulting in a net cash flow from investing activities of -209,018,397.45 CNY[35] - Cash inflow from financing activities amounted to 569,077,213.20 CNY, while cash outflow was 516,253,350.88 CNY, leading to a net cash flow from financing activities of 52,823,862.32 CNY[35] - The company's cash and cash equivalents decreased to approximately 638.14 million RMB from 922.71 million RMB[26] - The total cash and cash equivalents at the end of Q3 2021 were 633,524,560.88 CNY, down from 248,616,356.63 CNY at the end of Q3 2020[35] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥2,789,999,507.97, a decrease of 5.47% from the end of the previous year[4] - As of September 30, 2021, the company's total assets amounted to approximately 2.79 billion RMB, a decrease from 2.95 billion RMB at the end of 2020[26] - The company's total liabilities were reported at ¥1,353,079,685.08, down from ¥1,553,521,152.83, indicating a decrease of 12.9%[28] - The company's total current liabilities decreased to approximately 1.12 billion RMB from 1.47 billion RMB[27] - The company's long-term borrowings increased to approximately 154.24 million RMB from 14.15 million RMB[27] - The company's inventory increased to approximately 413.21 million RMB from 393.35 million RMB[26] Investments and Acquisitions - The company raised a total of RMB 679,999,932.81 through the issuance of 58,976,577 shares to specific investors, with a net amount of RMB 675,016,809.45 after deducting issuance costs[16] - The company invested RMB 10.5 million to acquire a 35% stake in Huizhou Xindi Precision Technology Co., Ltd.[17] - The company established Huizhou Domino Technology Co., Ltd. with a registered capital of RMB 20 million, holding a 30% stake[17] - The company established Suzhou Shobeyde Electronics with a registered capital of RMB 1 million, holding a 70% stake[19] - Shenzhen Shobeyde Wireless Technology Co., Ltd. became a wholly-owned subsidiary after the company acquired 100% of its shares for USD 3.7 million[19] - The company invested 30 million RMB in the Ji'angshan Lichun Equity Investment Partnership, acquiring a 5.64% stake[20] - The company invested 30 million RMB in Suzhou Juhua Pengfei Venture Capital Partnership, obtaining a 9.24% stake[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,111[12] - Tibet Shobeyde Holdings Co., Ltd. holds 17.10% of shares, amounting to 79,643,204 shares, with 37,830,000 shares pledged[12] - The total number of restricted shares at the end of the period is 23,903,814 shares, with various reasons for restrictions[15] Research and Development - Research and development expenses increased to ¥97,185,163.89 from ¥77,792,463.16, a rise of 24.8% year-over-year[31] Financial Adjustments and Standards - The company has implemented a new leasing standard starting in 2021, which required adjustments to the financial statements[36] - The company did not conduct an audit for the Q3 2021 report[43] Foreign Exchange Impact - The company experienced a foreign exchange loss impacting cash and cash equivalents, totaling -1,501,789.61 CNY[35]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 964,627,405.92, representing a 25.88% increase compared to CNY 766,321,140.28 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was CNY 29,313,584.06, up 21.73% from CNY 24,081,700.65 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 27,201,060.22, reflecting a 34.46% increase from CNY 20,229,899.79 year-on-year[24]. - The basic earnings per share remained unchanged at CNY 0.06, with a diluted earnings per share also at CNY 0.06[24]. - The total comprehensive income for the first half of 2021 was CNY 33,142,338.94, compared to CNY 26,216,241.15 in the same period of 2020, reflecting an increase of 27%[166]. - The company reported a significant increase in revenue, achieving a total of 1,294.88 million CNY from sales contracts during the reporting period[94]. - The total comprehensive income for the first half of 2021 was approximately 33.14 million yuan, representing a decrease of 9.3% compared to the previous period[181]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 27,318,834.61, a decline of 144.40% compared to a positive CNY 61,534,279.95 in the same period last year[24]. - Total assets at the end of the reporting period were CNY 2,776,142,415.47, down 5.94% from CNY 2,951,536,065.57 at the end of the previous year[24]. - The company reported a net decrease in cash and cash equivalents of -¥194,557,208.76, a significant drop of 373.38% from an increase of ¥71,167,672.78 in the previous year[40]. - Cash inflows from operating activities amounted to CNY 1,180,002,375.96, up from CNY 903,387,180.11 in the first half of 2020, indicating a growth of about 30.6%[174]. - The ending balance of cash and cash equivalents was CNY 682,360,194.56, a decrease from CNY 876,917,403.32 at the beginning of the period[175]. - The company’s total assets were reported at CNY 2,224,080,635.72 in the first half of 2021, down from CNY 2,310,696,792.87 in the same period of 2020, a decrease of approximately 4%[165]. Investments and R&D - Research and development expenses amounted to ¥62,918,132.47, up 26.14% from ¥49,879,096.54, driven by new project initiatives and increased testing costs[40]. - The company plans to enhance its R&D efforts and market research to keep pace with technological advancements and market demands[68]. - The company has committed to invest RMB 23,786 million in the 5G base station and terminal antenna expansion project, with 29.64% of the investment completed by the reporting period[54]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[182]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has maintained compliance with commitments made regarding non-competition and share transfer restrictions by major shareholders[85]. - The company held several shareholder meetings with participation rates around 20.63% to 20.80%[72]. - The company has not engaged in any high-risk entrusted financial management or derivative investments during the reporting period[62][63]. - The company has not reported any significant changes in shareholder agreements or voting rights arrangements, ensuring consistent governance[140]. Market Position and Strategy - The antenna business, particularly the NB product line, showed significant growth, with sales revenue from core laptop customers increasing substantially compared to last year[36]. - The company is positioned to benefit from the rapid growth of the 5G infrastructure, with a target of over 40% user penetration by 2023[35]. - The company emphasizes customer-centric service and has established strong partnerships with major global manufacturers in the mobile and automotive sectors[38]. - The overall market outlook remains positive, with expectations of increased demand in the wireless technology sector[182]. Legal and Compliance - The company is currently involved in a legal dispute with Shenzhen Sanhe Tongfa Precision Hardware Co., with a first-instance judgment requiring the payment of 12.93 million CNY plus interest[94]. - The company has not faced any penalties or rectification requirements during the reporting period, indicating compliance with regulations[96]. - The company has not reported any bond-related activities, suggesting a conservative approach to debt financing[151]. Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[182]. - The company aims to achieve a revenue growth target of 10% for the next fiscal year, supported by new product launches and market strategies[182]. - The overall financial performance indicates a positive outlook for the upcoming quarters, with strategic initiatives in place to enhance profitability[186].

Financial Performance - The company's revenue for Q1 2021 was ¥483,192,912.85, representing a 49.37% increase compared to ¥323,484,010.11 in the same period last year[9] - Net profit attributable to shareholders was ¥11,374,982.17, a 92.33% increase from ¥5,914,290.38 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥11,024,691.92, up 132.78% from ¥4,736,104.47 in the previous year[9] - Basic earnings per share increased to ¥0.02, doubling from ¥0.01 in the previous year[9] - The company achieved operating revenue of CNY 483.19 million in Q1 2021, a 49.37% increase compared to CNY 323.48 million in Q1 2020[21] - The net profit attributable to shareholders reached CNY 11.37 million, reflecting a 92.33% growth from CNY 5.91 million in the same period last year[21] - The company reported a total comprehensive income of ¥15,325,949.99 for Q1 2021, compared to ¥5,222,771.24 in Q1 2020, representing a growth of 194.5%[54] Cash Flow and Investments - The net cash flow from operating activities was -¥93,921,658.67, a decrease of 171.27% compared to ¥131,787,944.16 in the same period last year[9] - The company’s cash outflow for investment activities increased significantly, with a net outflow of CNY 97.61 million, up 83.95% from CNY 53.06 million in the previous year[21] - The company’s investment activities resulted in a net cash outflow of -¥97,607,983.98, compared to -¥53,062,321.35 in the previous period[61] - The cash outflow for investment activities was 87,274,346.82 CNY, compared to 36,007,950.93 CNY in the previous year[65] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was 12,091,506.82 CNY[65] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,976,188,038.21, a 0.84% increase from ¥2,951,536,065.57 at the end of the previous year[9] - The company's total assets increased to ¥2,337,770,353.25 from ¥2,310,696,792.87, marking a growth of 1.2%[50] - Total liabilities increased to CNY 1,562,847,175.48 from CNY 1,553,521,152.83, marking a growth of about 0.6%[45] - The company's equity attributable to shareholders reached CNY 1,355,058,412.20, up from CNY 1,343,292,822.07, reflecting an increase of approximately 0.9%[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,433[12] - The largest shareholder, Tibet Shuo Bei De Holdings Co., Ltd., held 17.10% of the shares, totaling 79,643,204 shares[12] - The total number of restricted shares at the beginning of the period was 23,955,739, with 51,925 shares released during the period, resulting in a total of 82,918,641 restricted shares at the end of the period[18] - The company is actively managing its restricted shares and planning for future releases to enhance liquidity and shareholder value[15] Research and Development - Research and development expenses increased by 54.16% to CNY 30.43 million, up from CNY 19.74 million in Q1 2020, due to an increase in R&D projects[21] - Research and development expenses for Q1 2021 amounted to ¥30,432,864.79, up from ¥19,740,514.76, indicating a year-over-year increase of 54.3%[53] - The company plans to enhance R&D and market research efforts to mitigate technology update risks and improve competitive strength[23] Corporate Actions - The company established Huizhou Domino Technology Co., Ltd. with a registered capital of RMB 20 million, holding a 30% stake after an investment of RMB 6 million[26] - The company granted 11.77 million stock options to 143 incentive targets as part of the 2021 stock option incentive plan, with the grant date set on March 9, 2021[26] - The company transferred 100% equity of Shenzhen Shuo Beid Wireless Technology Co., Ltd. for USD 3.7 million, making it a wholly-owned subsidiary[27] - The company approved the establishment of Huizhou Hezhong Thermal Technology Co., Ltd. with a registered capital of RMB 20 million, fully owned by its subsidiary Dongguan Hezhong[31] Financial Health - The company's current assets decreased to CNY 2,110,027,443.99 from CNY 2,152,819,204.58, reflecting a decline of approximately 2%[43] - Cash and cash equivalents decreased to CNY 798,646,292.74 from CNY 922,707,273.70, a reduction of about 13.4%[43] - The company reported a decrease in short-term borrowings to CNY 607,682,571.88 from CNY 581,059,389.74, a decline of about 4.6%[44] - The non-current assets totaled CNY 866,160,594.22, an increase from CNY 798,716,860.99, indicating a growth of approximately 8.5%[44] Miscellaneous - The company did not undergo an audit for the first quarter report[68] - The company did not apply the new leasing standards for the first quarter of 2021[66]

Financial Performance - The company's net profit for 2020 was 36.8042 million yuan, 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 caused by the pandemic, lower-than-expected revenue from some clients, and increased exchange losses due to fluctuations in the US dollar[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[19] - The net profit attributable to shareholders for 2020 was ¥29,973,421.35, a decrease of 67.73% from ¥92,879,537.71 in 2019[19] - The net cash flow from operating activities was ¥85,256,424.44, down 48.24% from ¥164,714,163.26 in 2019[19] - The total assets at the end of 2020 were ¥2,951,536,065.57, an increase of 63.61% from ¥1,804,001,361.70 at the end of 2019[19] - The net assets attributable to shareholders increased by 104.57% to ¥1,343,292,822.07 at the end of 2020 from ¥656,648,581.41 at the end of 2019[19] - The company reported a basic earnings per share of ¥0.07, a decrease of 69.57% from ¥0.23 in 2019[19] Revenue and Sales - The company achieved operating revenue of RMB 184,593.28 million in 2020, an increase of 5.51% year-on-year[39] - Total revenue for 2020 reached ¥1,845,932,829.62, representing a year-on-year increase of 5.51% compared to ¥1,749,506,400.24 in 2019[46] - Antenna sales accounted for ¥955,783,416.72, or 51.78% of total revenue, with a growth of 4.10% from ¥918,111,484.85 in the previous year[46] - The company achieved external sales of ¥662,919,466.31, which is 35.91% of total revenue, marking a significant increase of 22.93% from ¥539,257,422.23 in 2019[47] - The production volume of antennas was 52,263,000 pcs, with sales volume reaching 52,754,000 pcs, indicating a slight decrease in production compared to the previous year[46] Research and Development - The company will enhance its R&D and market research efforts to keep pace with market changes and accelerate the development and mass production of new products[5] - In 2020, the company's R&D investment amounted to ¥126,129,171.21, accounting for 6.83% of total revenue[56] - The number of R&D personnel increased to 329, representing 14.69% of the workforce[56] - The company is engaged in the research and development of new technologies and materials, with a focus on RF transmission modules[69] - The company has completed the establishment of a new research institute for innovative technology and new materials[69] Market Strategy and Expansion - The company plans to actively explore new clients while maintaining existing ones and strictly control production costs to mitigate adverse impacts[5] - The company established a nationwide marketing network and expanded overseas with subsidiaries in Taiwan, South Korea, the USA, and Vietnam[31] - The company is focused on expanding its market presence in the RF technology sector[69] - The company aims to enhance its core competitiveness in terminal and base station antennas, heat dissipation components, and vehicle antennas through capacity expansion projects[83] - The government plans to build 600,000 new 5G base stations in 2021, which supports the company's growth in the 5G sector[81] Financial Management and Governance - The company has a robust governance structure to protect the rights of shareholders and creditors, ensuring effective decision-making and oversight[124] - The company emphasizes employee rights protection, adhering to labor laws and providing training and cultural activities[125] - The company has improved procurement processes to protect supplier rights and enhance customer satisfaction through tailored solutions[126] - The company has maintained a stable and sustainable profit distribution policy, reflecting investor preferences[87] - The company has a structured governance framework in compliance with relevant laws and regulations, enhancing its governance level[194] Shareholder Information - The largest shareholder, Tibet Shobeyde Holdings Co., Ltd., holds 19.58% of the shares, totaling 79,643,204 shares, with 27,830,000 shares pledged[152] - The second-largest shareholder, Wen Qiaofu, holds 3.87% of the shares, totaling 15,741,313 shares, with 4,450,000 shares pledged[152] - The company’s shareholder structure indicates a significant concentration of ownership among a few key shareholders[152] - The total number of ordinary shareholders at the end of the reporting period was 41,172, up from 37,998 at the end of the previous month[151] Future Outlook - The company provided a future outlook, projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[182] - A strategic acquisition of a local tech firm is expected to enhance the company's product offerings and technological capabilities[182] - The company is set to launch two new products in Q2 2021, which are anticipated to contribute an additional 200 million RMB in revenue[182] - The company aims to reduce operational costs by 15% through efficiency improvements in the supply chain[182] Legal and Compliance - The company is involved in a lawsuit against Shenzhen Sanhe Tongfa Precision Hardware Co., Ltd. with a claim amount of 12.9488 million yuan, currently in the second instance after the first instance judgment[103] - The company has not faced any penalties for environmental violations during the reporting period and complies with relevant environmental laws[130] - The company has not reported any issues with the use and disclosure of raised funds[76]

Financial Performance - Operating revenue for the period was CNY 553,742,877.68, representing a year-on-year increase of 25.98%[8] - Net profit attributable to shareholders decreased by 17.96% to CNY 8,947,393.25 compared to the same period last year[8] - Basic earnings per share decreased by 33.33% to CNY 0.02 per share[8] - The weighted average return on net assets was 1.34%, down by 0.31% compared to the previous year[8] - The net profit after deducting non-recurring gains and losses was CNY 6,374,665.74, a decrease of 28.67% year-on-year[8] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 26.6 million yuan, a decrease of 35.34% year-on-year[17] - Total operating revenue for Q3 2020 reached CNY 553.74 million, an increase of 25.9% compared to CNY 439.56 million in Q3 2019[42] - Net profit for Q3 2020 was CNY 13.56 million, slightly up from CNY 13.09 million in Q3 2019, reflecting a profit growth of 3.6%[43] - The net profit attributable to the parent company was CNY 8,947,393.25, a decrease of 17.88% from CNY 10,905,658.81 in the previous year[44] - The total comprehensive income for the period was CNY 10,974,692.36, down from CNY 13,235,376.91 in the same quarter last year[44] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -29,782,069.68, a decline of 226.42% year-on-year[8] - Cash and cash equivalents increased by 45.66% to approximately 275.39 million yuan due to increased borrowings and sales receipts[18] - The cash flow from operating activities decreased by 67.30% to approximately 31.75 million yuan, attributed to longer collection periods compared to payment periods[18] - The company reported a significant increase in cash flow from operating activities, contributing to improved liquidity and financial stability[39] - The cash flow from operating activities generated a net amount of CNY 31.75 million, significantly lower than CNY 97.09 million in Q3 2019[57] - Cash flow from investing activities showed a net outflow of CNY 120.21 million, compared to a net inflow of CNY 39.31 million in the previous year[58] - Cash flow from financing activities resulted in a net inflow of CNY 181.64 million, an increase from CNY 15.20 million in Q3 2019[58] Assets and Liabilities - Total assets increased by 16.23% to CNY 2,096,724,971.76 compared to the end of the previous year[8] - Cash and cash equivalents at the end of the period totaled CNY 248.62 million, down from CNY 279.99 million at the end of Q3 2019[58] - The company’s total liabilities increased to ¥1,350,237,046.79 as of September 30, 2020, from ¥1,131,748,047.00 at the end of 2019, reflecting an increase of approximately 19.3%[34] - Total liabilities as of September 30, 2020, were CNY 1.37 billion, up from CNY 1.10 billion at the end of 2019, reflecting a growth of 24.5%[37] - The company’s total liabilities and equity amounted to CNY 1,356,752,159.18, reflecting a balanced financial structure[68] Shareholder Information - The company reported a total of 44,305 common shareholders at the end of the reporting period[11] - The largest shareholder, Tibet Shuo Bei De Holdings Co., Ltd., holds 19.58% of the shares, totaling 79,643,204 shares[11] - The company distributed a cash dividend of ¥0.4 per share for the 2019 fiscal year, totaling ¥16,270,794.00, which was approved and implemented on May 14, 2020[26] Research and Development - The company is focusing on the development of 5G terminal antennas and related components to capture growth opportunities in the recovering market[17] - Research and development expenses for Q3 2020 were CNY 30.31 million, up from CNY 27.36 million in Q3 2019, representing an increase of 10.7%[43] - The company's R&D expenses for the quarter were CNY 21,367,691.49, a decrease of 5.68% from CNY 22,657,586.02 in the previous year[46] - Research and development expenses for Q3 2020 were CNY 59.91 million, up from CNY 55.40 million in the same period last year, indicating a focus on innovation[53] Government Support - The company received government subsidies amounting to CNY 9,879,953.22 during the reporting period[9] Future Plans - The company plans to raise up to 680 million yuan through a private placement to fund projects related to 5G base station and terminal antenna expansion, as well as vehicle-integrated smart antenna upgrades[20] - The company plans to absorb and merge its wholly-owned subsidiary, Guangdong Mingye Optoelectronics Co., Ltd., to optimize management structure and improve operational efficiency[24] - The company received approval from the China Securities Regulatory Commission for a specific stock issuance on August 27, 2020, and the issuance is currently in progress[23]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥766,321,140.28, a decrease of 9.85% compared to ¥850,081,501.32 in the same period last year[20]. - The net profit attributable to shareholders was ¥24,081,700.65, down 73.65% from ¥91,382,541.88 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥20,229,899.79, a decline of 37.19% compared to ¥32,210,528.12 in the previous year[20]. - The net cash flow from operating activities was ¥61,534,279.95, which is a 16.32% decrease from ¥73,531,495.18 in the same period last year[20]. - The company achieved operating revenue of CNY 766.32 million, a year-on-year decrease of 9.85% due to a decline in fingerprint module business revenue and reduced consolidation of subsidiaries[30]. - The net profit attributable to shareholders, after deducting non-recurring gains and losses, was CNY 20.23 million, down 37.19% year-on-year[30]. - The total comprehensive income for the first half of 2020 was CNY 26.22 million, a decrease of 72.0% from CNY 93.54 million in the same period of 2019[133]. - The basic earnings per share for the first half of 2020 was CNY 0.06, down from CNY 0.22 in the same period of 2019[138]. - The company reported a net loss of CNY 12,203,095.50 for the same period, indicating challenges in profitability[165]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,877,049,359.87, reflecting a 4.05% increase from ¥1,804,001,361.70 at the end of the previous year[20]. - The total liabilities as of June 30, 2020, amounted to CNY 1,162,563,972.83, an increase from CNY 1,100,211,421.81 at the end of 2019[127]. - The total equity attributable to shareholders increased to CNY 665,320,936.92 from CNY 656,648,581.41, reflecting a growth of 1.03%[127]. - The company's total assets reached CNY 1,877,049,359.87, up from CNY 1,804,001,361.70 at the end of 2019, indicating a growth of 4.05%[127]. - The total liabilities at the end of the period are 1,302,642.00 CNY, reflecting a decrease of 5.00%[157]. Investments and R&D - Research and development expenses amounted to CNY 49.88 million, a decrease of 12.25% compared to the previous year, primarily due to delays in R&D activities caused by the pandemic[35]. - The company reported a significant increase of 179.07% in long-term equity investments, with an additional investment of ¥3,000,000 in Diyi Precision[26]. - The company plans to invest raised funds into projects for expanding production of 5G base station and terminal antennas, as well as upgrading automotive integrated smart antennas[31]. - The company's R&D expenses increased to CNY 38.54 million, up 17.5% from CNY 32.74 million in the same period last year[135]. Market Strategy and Competition - The company plans to focus on antenna and RF component businesses, enhancing operational efficiency and seizing opportunities in the 5G market[25]. - The company faces intensified competition in the 5G sector, necessitating continuous technological innovation and market responsiveness[53]. - The company has entered the 5G base station antenna market, which is characterized by concentrated customers and fierce competition[54]. - The company aims to enhance its market presence through product innovation and expansion strategies in the antenna sector[166]. Shareholder and Equity Information - The total number of shareholders at the end of the reporting period was 50,458, with no preferred shareholders restoring voting rights[103]. - The largest shareholder, Tibet Shobeyde Holdings Co., Ltd., holds 19.58% of the shares, totaling 79,643,204 shares, which are currently pledged[104]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[59]. - The company has a total of 406,769,850 shares outstanding as of the end of the reporting period[153]. Financial Management and Compliance - The semi-annual financial report has not been audited[62]. - The financial report was approved by the board of directors on August 27, 2020, ensuring compliance with regulatory requirements[167]. - The company operates under the continuous operation basis and adheres to Chinese accounting standards for financial reporting[168]. - The financial statements prepared by the company comply with the requirements of the accounting standards, reflecting the financial position and operating results accurately[171]. Future Outlook - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[154]. - Future outlook remains cautious due to the reported net loss and market conditions[162]. - The company aims to enhance shareholder value through strategic mergers and acquisitions in the upcoming fiscal year[157].

Financial Performance - Total revenue for Q1 2020 was ¥323,484,010.11, a decrease of 16.67% compared to ¥388,193,583.16 in the same period last year[9] - Net profit attributable to shareholders was ¥5,914,290.38, down 67.57% from ¥18,236,537.84 year-on-year[9] - Net profit excluding non-recurring gains and losses was ¥4,736,104.47, a decline of 69.83% compared to ¥15,695,685.71 in the previous year[9] - Basic earnings per share decreased by 75.00% to ¥0.01 from ¥0.04 year-on-year[9] - The company reported a net profit attributable to shareholders of CNY 5.91 million, down 67.57% year-on-year due to the impact of COVID-19 on production and operations[22] - Net profit for Q1 2020 was CNY 4.97 million, down 73.4% from CNY 18.68 million in Q1 2019[47] - Operating profit for Q1 2020 was CNY 7.33 million, a decline of 64.9% from CNY 20.85 million in the previous year[46] - The total comprehensive income for Q1 2020 was CNY 5.22 million, compared to CNY 17.22 million in the same period last year[47] Cash Flow and Liquidity - Operating cash flow for the period increased significantly to ¥131,787,944.16, up 421.27% from ¥25,282,091.52 in the same period last year[9] - Cash and cash equivalents increased by 61.93% to CNY 306.14 million, driven by an increase in advance payments from customers[21] - The net cash flow from operating activities was 131,787,944.16 CNY, significantly up from 25,282,091.52 CNY in the previous year, representing a growth of 421.5%[53] - Total cash and cash equivalents at the end of the period reached 281,488,658.77 CNY, an increase of 19.3% compared to 235,775,964.10 CNY in the same period last year[54] - The company reported a net cash outflow from investing activities of 53,062,321.35 CNY, compared to a smaller outflow of 536,005.86 CNY in the previous year[53] - Cash inflow from financing activities totaled 149,750,000.00 CNY, down from 194,000,000.00 CNY in the previous year, indicating a decrease of 22.7%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,849,920,712.85, an increase of 2.55% from ¥1,804,001,361.70 at the end of the previous year[9] - Current liabilities amounted to CNY 1,078,613,557.49, an increase from CNY 1,034,500,815.12, representing a rise of 4.3%[39] - The company's total liabilities increased to CNY 1,140,158,001.72 from CNY 1,100,211,421.81, showing a rise of 3.6%[39] - Long-term equity investments increased to CNY 289,903,150.01 from CNY 270,096,075.01, reflecting a growth of 7.0%[42] - Non-current assets totaled CNY 699,329,228.56, up from CNY 672,253,314.70, indicating an increase of 4.0%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,146[12] - The largest shareholder, Tibet Shuo Bei De Holdings Co., Ltd., held 19.58% of the shares, amounting to 79,643,204 shares[12] - Net assets attributable to shareholders increased by 0.94% to ¥662,816,337.24 from ¥656,648,581.41 at the end of the previous year[9] Operational Insights - The company has resumed normal operations and is committed to achieving its annual business goals despite the challenges posed by the pandemic[22] - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and is implementing strict preventive measures to ensure normal production[24] - The company plans to focus on technology innovation and high-margin new products to enhance competitiveness in the rapidly evolving 5G market[23] - The company is focusing on enhancing its competitive edge by accelerating new product development and market expansion in the 5G base station antenna sector[24] Research and Development - Research and development expenses decreased by 31.66% to CNY 19.74 million, attributed to reduced spending during the pandemic[21] - The company has established a wholly-owned subsidiary, Suzhou Shobeyde Innovation Research Institute, with a registered capital of 50 million RMB to enhance R&D capabilities[28] - The company has established another subsidiary, Suzhou Shobeyde Communication Technology, with a registered capital of 50 million RMB to further its market reach[28] Future Plans - The company plans to raise up to 680 million RMB through a non-public offering of A-shares, with net proceeds allocated for expanding 5G base station and terminal antenna production, upgrading vehicle-integrated smart antennas, and supplementing working capital[25] - The company is committed to optimizing its product mix and capacity layout in response to changing customer demands and technological advancements in the 5G market[24]