证券代码：300460 证券简称：惠伦晶体 公告编号：2023-034 广东惠伦晶体科技股份有限公司 关于举办2022年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 会议召开时间：2023 年 05 月 08 日（星期一）15:00-17:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会议问题征集： 投资者可于 2023 年 05 月 08 日 前访问网址 https://eseb.cn/14bTsiUSt20 或使用微信扫描下方小程序码进行会前 提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普 遍关注的问题进行回答。 二、参加人员 总经理韩继玲先生，董事、董事会秘书潘毅华先生，董事、财务总监邓又强 先生，独立董事谭立峰先生（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 05 月 08 日（星期一）15:00-17:00 通过网址 https://eseb.cn/14bTsiUSt20 或使用微信扫描下方小程序码即可进入参与互 动交流 ...

Financial Performance - The company's revenue for Q1 2023 was ¥59,041,160.28, a decrease of 51.60% compared to ¥121,992,665.78 in the same period last year[5] - The net loss attributable to shareholders was ¥41,313,088.79, representing a decline of 868.71% from a profit of ¥5,374,335.69 in the previous year[5] - The basic and diluted earnings per share were both -¥0.1471, down 835.50% from ¥0.02 in the same period last year[5] - Total operating revenue for the first quarter was ¥59,041,160.28, a decrease of 51.6% compared to ¥121,992,665.78 in the previous period[19] - The net loss for the quarter was ¥41,313,088.79, compared to a net profit of ¥5,374,335.69 in the same period last year[20] Cash Flow - Operating cash flow decreased by 15.48% to ¥4,018,609.36 from ¥4,754,644.51 year-on-year[5] - Cash flow from operating activities generated a net amount of ¥4,018,609.36, slightly down from ¥4,754,644.51 in the previous year[23] - Cash flow from investing activities resulted in a net outflow of ¥17,487,154.79, compared to a net outflow of ¥54,038,588.91 in the previous period[24] - Cash flow from financing activities yielded a net inflow of ¥71,978,939.07, reversing from a net outflow of ¥9,008,169.85 last year[24] Expenses - The company experienced a 150.21% increase in selling expenses compared to the same period last year, primarily due to higher advertising and service fees[9] - The company reported a significant increase in sales expenses, which rose to ¥7,919,079.53 from ¥3,184,699.99, marking a 148.3% increase[19] - Total operating costs amounted to ¥108,026,570.24, down 7.3% from ¥116,385,452.76 year-over-year[19] - Research and development expenses remained stable at ¥8,697,323.31, slightly down from ¥8,726,425.09 year-over-year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,953,671,599.60, an increase of 1.02% from ¥1,934,040,853.32 at the end of the previous year[5] - The total assets of Guangdong Huilun Crystal Technology Co., Ltd. as of March 31, 2023, amounted to CNY 1,953,671,599.60, an increase from CNY 1,934,040,853.32 at the beginning of the year[16] - The company's cash and cash equivalents increased to CNY 178,864,884.36 from CNY 120,989,678.94, representing a growth of approximately 48%[16] - The total current liabilities decreased to CNY 637,967,397.05 from CNY 654,112,062.63, a reduction of about 2.5%[17] - The company's short-term borrowings decreased significantly from CNY 365,876,110.90 to CNY 267,021,602.23, a decline of approximately 27%[17] - The total non-current liabilities increased to CNY 306,116,714.66 from CNY 230,050,614.01, reflecting an increase of about 33%[17] - The company's total equity decreased to CNY 1,009,587,487.89 from CNY 1,049,878,176.68, a decline of approximately 3.8%[17] - The total liabilities of the company increased to CNY 944,084,111.71 from CNY 884,162,676.64, an increase of approximately 6.8%[17] Inventory and Receivables - The inventory balance increased to CNY 341,141,715.51 from CNY 328,306,421.47, showing a growth of about 3.9%[16] - The accounts receivable decreased slightly to CNY 198,838,467.14 from CNY 204,335,407.02, a decrease of approximately 2.7%[16] - The company reported a net loss of CNY 10,606,541.68 in retained earnings, compared to a profit of CNY 30,706,547.11 at the beginning of the year[17] Financial Expenses - Financial expenses surged by 495.40% year-on-year, mainly due to a decrease in exchange gains[9] - The company's long-term borrowings increased by 42.92% compared to the previous period, mainly due to project loans from its subsidiary[9] - The company's cash and cash equivalents at the end of the period totaled ¥105,350,175.64, an increase from ¥61,186,097.42 at the end of the previous period[24]

Financial Performance - The company's operating revenue for 2022 was ¥394,868,436.40, a decrease of 39.75% compared to ¥655,368,803.03 in 2021[22]. - The net profit attributable to shareholders was -¥134,886,503.75, representing a decline of 215.50% from ¥116,781,508.91 in the previous year[22]. - The net cash flow from operating activities decreased by 84.97% to ¥19,910,653.03 from ¥132,474,977.07 in 2021[22]. - The total assets at the end of 2022 were ¥1,934,040,853.32, down 3.16% from ¥2,000,410,594.71 at the end of 2021[22]. - The net assets attributable to shareholders decreased by 12.92% to ¥1,049,878,176.68 from ¥1,208,816,095.53 in 2021[22]. - The company reported a basic earnings per share of -¥0.4832, compared to ¥0.4444 in 2021[22]. - The company experienced a significant decline in quarterly performance, with Q4 2022 revenue dropping to ¥53,888,684.77 from ¥121,992,665.78 in Q1 2022[26]. - The company recognized non-recurring gains of ¥10,490,458.93 in 2022, compared to ¥3,861,716.00 in 2021[30]. - In 2022, the company achieved operating revenue of CNY 394.87 million, a decrease of 39.75% year-on-year, and a net profit attributable to shareholders of CNY -134.89 million, down 215.50% year-on-year[63]. Market and Product Development - The company is focusing on expanding its production capacity and investing in new product lines to enhance its market position[3]. - The company achieved a shipment volume of over 190 million units for TSX temperature-compensated crystals and TCXO oscillators in 2022, representing a year-on-year growth of approximately 14%[44]. - The company has expanded its product line to include TCXO oscillators and TSX thermal crystals, which are higher value-added components[47]. - The company is strategically positioning itself in emerging industries such as automotive electronics, industrial control, and IoT modules, gaining recognition from leading enterprises[57]. - The company is developing several new products, including high-frequency small-size quartz chips for 5G applications, which are currently in progress[80]. - The company is actively exploring direct sales markets to increase the sales of higher value-added component series[55]. - The company is focused on maintaining a stable supply-demand relationship by fostering good partnerships with upstream and downstream enterprises in the industry[111]. Research and Development - The company's R&D expenses in 2022 amounted to CNY 36.63 million, an increase of 25.95% year-on-year, representing 9.28% of operating revenue, up 4.84 percentage points from the previous year[66]. - The company has established a strong R&D team and advanced production systems, enhancing its product innovation capabilities[58]. - R&D investment amounted to ¥45,723,647.65 in 2022, representing 11.58% of operating revenue, a significant increase from 5.41% in 2021[83]. - The number of bachelor's degree holders in R&D increased by 111.76% from 34 in 2021 to 72 in 2022[83]. - The company is enhancing its R&D capabilities to maintain core competitiveness and is actively expanding its customer base beyond existing clients[107]. Corporate Governance and Compliance - The company’s financial report has been confirmed by its board and management, ensuring its accuracy and completeness[3]. - The company is committed to transparency and has made its annual report available on the Shenzhen Stock Exchange and other media platforms[20]. - The company has engaged Da Hua Accounting Firm for auditing services, ensuring compliance and oversight[21]. - The board of directors consists of 11 members, including 4 independent directors, complying with legal and regulatory requirements[121]. - The company has established a monitoring committee with three supervisors, including one employee representative, ensuring compliance with laws and regulations[122]. - The company has implemented an information disclosure management system to ensure timely and accurate information release, with the chairman as the primary responsible person[123]. - The company respects the rights of stakeholders and emphasizes social responsibility, aiming for a balance of interests among shareholders, employees, and society[124]. Challenges and Risks - The overall performance of the company significantly declined due to a downturn in the consumer electronics and communications markets, leading to a substantial drop in orders compared to the previous year[3]. - The company has identified potential risks in its future operations, which investors should be aware of[6]. - The company faces risks from macroeconomic fluctuations, which could impact demand in the electronics, automotive, and medical sectors[106]. - The company faced risks related to product price fluctuations, with a noted decline in product prices in 2022, which could negatively impact profitability if costs are not effectively managed[108]. - The company is monitoring accounts receivable closely, with a large balance that poses liquidity risks if collection efforts are not effective[113]. Future Outlook - The company aims to achieve long-term sustainable development goals despite facing challenges in the consumer electronics and communication markets[57]. - The company plans to optimize its organizational structure and reduce management costs through a "slimming" initiative[104]. - The company will implement a business model innovation by splitting departments for independent accounting and operation, focusing on maximizing profits[104]. - The company intends to enhance employee motivation by introducing employee stock ownership plans in some wholly-owned subsidiaries[105]. - The company has set a revenue target of 1.5 billion RMB for 2023, representing a growth forecast of 25%[140]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[140]. - The company aims to improve operational efficiency by implementing new automation technologies, projected to reduce costs by 15% over the next two years[140]. Employee and Management - The total number of employees at the end of the reporting period was 885, with 481 in the parent company and 404 in major subsidiaries[163]. - The company has implemented a comprehensive training mechanism for employees, focusing on skills and quality training, as well as management training[165]. - The company has established a salary management system that ensures all employees' basic salaries meet local minimum wage standards[164]. - The company has established a performance evaluation and incentive system linking executive compensation to business performance, implementing a restricted stock incentive plan for key personnel[176]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.984 million[153].

证券代码：300460 证券简称：惠伦晶体 广东惠伦晶体科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------|----------------------|----------------------------------------------------------------| | | | | | 投资者关 | □ | 特定对象调研 □分析师会议 □现场参观 | | 系活动类 | □ | 媒体采访 □业绩说明会 □路演活动 | | 别 | □ | 新闻发布会 ■其他（电话交流会） | | 参与单位 | | 国泰基金曾彪、光大证券耿正、华安基金王嘉、凯石基金林承瑜、诺安 | | 名称及人 | | 基金李迪光、广发证券杨小林、华融证券卢琼、工银瑞信夏雨、银河金 | | | | 汇证券资产管理有限公司刘日光、中海基金张海啸、博时基金管理有 | | 员姓名 | | 限公司黄继晨、长信基金管理有限公司安昀、广发基金管理有限公司 | | | | 陈书炎、上投摩根基金管理有限公司李博、平安资产管理有限责任公 | | | | 司、光大控股汪帅、南方基金股份有限公司叶欣 ...

证券代码：300460 证券简称：惠伦晶体 广东惠伦晶体科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |--------------------|--------------------------------------------------------------------|---------------------------------------|-----------------------| | 投资者关系活动类别 | 特定对象调研 \n□业绩说明会 \n 现场参观 | □分析师会议 \n□新闻发布会 \n□其他 | □媒体采访 \n□路演活动 | | 参与单位名称 | 国泰基金：曾彪 | | | | | 正奇金融控股：唐红梅 | | | | | 立湾投资：彭建超 | | | | | 深圳前海懿泓投资：张昀 | | | | | 广汽资本：李幽 | | | | | 长城证券：余芳沁 | | | | | 华富证券：杨家懿 | | | | | 新意资本：代国吉 | | | | | 东莞交投集团：管萍萍 光大证券：孙良 深圳前海互兴资本：马国庆、李萍 | ...

证券代码：300460 证券简称：惠伦晶体 广东惠伦晶体科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------------------|-------------------------------------------------------------------------------|--------------------------------------------|-------------------| | 投资者关系活动类别 | 特定对象调研 \n访 \n□业绩说明会 动 \n | □分析师会议 \n□新闻发布会 | □媒体采 \n□路演活 | | | | | | | 参与单位名称 | 现场参观 □其他 | | | | | 灏浚投资：陈辰、科海平 | | | | | 轻盐投资：陈昭先、李睿霖 | | | | | 深圳前海厚润德：汤祥 | | | | | 博善资产：雍国铁 | | | | | 正奇金融：聂瑞 | | | | | 上海芯驰：路红斌 上海东凯投资：李威 | | | | | 招商证券：王恬、孟祥友 | | | ...

证券代码：300460 证券简称：惠伦晶体 广东惠伦晶体科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------------------|------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------| | 投资者关系活动类别 | 特定对象调研 \n□业绩说明会 \n 现场参观 □其他 | □分析师会议 \n□新闻发布会 | □媒体采访 \n□路演活动 | | 参与单位名称 | 中信证券：田鹏、胡爽等 | | | | | 广发证券：杨小林 | | | | | 诺安基金：丁云波 | | | | | 招商资管：吴彤 | | | | | 晨启投资：骆林、蔡杨 | | | ...

Financial Performance - Revenue for Q3 2022 was CNY 101,950,054.80, a decrease of 47.52% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 3,870,352.23, down 92.27% year-on-year[5] - Basic earnings per share decreased by 92.36% to CNY 0.0139[5] - Total operating revenue for the current period is ¥340,979,751.63, a decrease of 35.4% compared to ¥527,492,947.96 in the previous period[21] - Net profit for the current period is ¥10,103,966.62, a significant decline of 92.7% from ¥138,108,465.20 in the previous period[22] - Basic and diluted earnings per share for the current period are both ¥0.0362, compared to ¥0.5352 in the previous period[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,991,211,142.09, a decrease of 0.46% from the end of the previous year[5] - Total current assets as of September 30, 2022, amount to ¥796,038,636.12, an increase from ¥783,886,238.64 at the beginning of the year[18] - Total liabilities as of September 30, 2022, are ¥788,307,440.61, slightly decreased from ¥791,594,499.18 at the beginning of the year[19] - Total non-current assets decreased to ¥1,195,172,505.97 from ¥1,216,524,356.07[19] - The company's total equity as of September 30, 2022, is ¥1,202,903,701.48, a slight decrease from ¥1,208,816,095.53 at the beginning of the year[20] Cash Flow - Cash flow from operating activities increased by 84.67% to CNY 117,331,569.77 year-to-date[5] - Cash flow from operating activities for the current period is ¥117,331,569.77, an increase of 84.5% from ¥63,534,532.84 in the previous period[23] - Cash flow from investing activities shows a net outflow of ¥149,858,275.25, compared to a net outflow of ¥642,043,434.00 in the previous period[24] - Cash flow from financing activities results in a net outflow of ¥15,310,203.53, a decrease from a net inflow of ¥659,029,790.40 in the previous period[24] - The ending cash and cash equivalents balance is ¥85,551,039.54, down from ¥121,938,684.13 in the previous period[24] - The company's cash and cash equivalents decreased to ¥85,551,039.54 from ¥117,782,627.80 at the beginning of the year[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 33,339[15] - The largest shareholder, Xinjiang Huilun Equity Investment Partnership, holds 20.66% of shares, amounting to 57,650,980 shares, with 31,803,200 shares pledged[15] Research and Development - Research and development expenses increased by 59.97% compared to the same period last year[11] - Research and development expenses increased to ¥22,639,566.63, up from ¥14,152,677.51 in the previous period, reflecting a focus on innovation[21] Other Income and Expenses - Other income increased by 59.71% year-on-year, mainly due to government subsidies[12] - The company reported a 431.23% increase in non-operating expenses, primarily due to donations[12] - The company experienced a 35.36% decrease in revenue compared to the same period last year, attributed to weak downstream demand and falling product prices[11] - Accounts receivable increased to ¥270,729,125.48 from ¥182,291,656.51 at the beginning of the year, indicating a growth of 48.5%[18] - Inventory increased to ¥395,737,022.87 from ¥294,105,725.62, reflecting a growth of 34.5%[18] - The company reported a decrease in undistributed profits to ¥178,872,926.77 from ¥193,879,342.74[20]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥239,029,696.83, a decrease of 28.27% compared to ¥333,212,329.77 in the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥6,233,614.39, down 92.92% from ¥88,065,242.54 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥2,031,333.14, a decline of 97.61% compared to ¥84,896,458.69 in the same period last year[27]. - Basic earnings per share were ¥0.0223, down 93.69% from ¥0.3536 in the same period last year[27]. - Operating profit for the company was 9.50 million yuan, down 90.09% year-on-year[47]. - The decline in revenue and profit was primarily due to the repeated pandemic and strict controls, leading to a significant drop in orders for consumer electronics and communication markets[48]. - The total comprehensive income for the first half of 2022 was CNY 4,717,166.06, a decrease of 94.66% compared to CNY 88,123,212.16 in the same period of 2021[159]. Cash Flow and Investments - The net cash flow from operating activities increased by 120.65% to ¥79,582,722.82 from ¥36,067,125.18 in the previous year[27]. - The company reported a net cash outflow from investing activities of ¥132,608,265.65, a 72.38% improvement compared to the previous year, due to reduced project investments[56]. - Cash and cash equivalents decreased by 87.49% to ¥18,781,531.37, primarily due to a reduction in equity and debt financing[56]. - The company reported a cash flow from investing activities net outflow of CNY 132,608,265.65, compared to an outflow of CNY 480,045,565.43 in the first half of 2021[162]. - The cash flow from financing activities generated a net inflow of CNY 65,366,208.80, a decrease of 89.00% from CNY 594,484,916.52 in the same period of 2021[162]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,050,447,891.10, an increase of 2.50% from ¥2,000,410,594.71 at the end of the previous year[27]. - The company's total liabilities as of June 30, 2022, were CNY 829,335,499.90, up from CNY 791,594,499.18, reflecting an increase of about 4.8%[148]. - The company's equity attributable to shareholders rose to CNY 1,221,112,391.20 from CNY 1,208,816,095.53, indicating a growth of about 1.0%[148]. - The company's inventory balance at the end of the reporting period was 391.8552 million yuan, an increase of 33.24% from the beginning balance of 294.1057 million yuan, primarily due to increased production capacity and delayed deliveries from downstream customers[87]. Research and Development - Research and development expenses increased by 72.62% to ¥16,104,210.70, attributed to increased investment in new product development[56]. - The company is committed to enhancing its research and development capabilities to maintain its competitive edge in the market[84]. - The company aims to enhance its market competitiveness by continuously developing smaller, higher-frequency, and higher-precision products, including TCXO oscillators and TSX temperature-compensated crystals[43]. Market Position and Strategy - The company has been recognized as a "little giant" in the specialized and innovative sector, leading the domestic market in MHz piezoelectric quartz crystal components[39]. - The company is strategically expanding into emerging industries such as automotive electronics, industrial control, and IoT modules, gaining recognition from leading enterprises in these sectors[48]. - The company plans to expand its market share by exploring new customer segments beyond the consumer electronics industry[82]. - The company is positioned to benefit from the national "14th Five-Year Plan," which emphasizes the acceleration of 5G network deployment and the development of the Internet of Things[35]. Operational Risks and Compliance - The company faces various operational risks, which are detailed in the report[5]. - The company is facing risks from macroeconomic fluctuations, particularly due to the ongoing impact of the COVID-19 pandemic, which could affect demand for electronic products[82]. - The company has maintained compliance with environmental regulations and achieved ISO14001 certification, indicating a commitment to sustainable practices[97]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[97]. Shareholder Information - The company has a total of 279,004,251 shares, all of which are unrestricted shares[129]. - The largest shareholder, Xinjiang Huilun Equity Investment Partnership, holds 20.66% of shares, totaling 57,650,980 shares, with a decrease of 440,000 shares during the reporting period[132]. - The total number of shares held by the top 10 unrestricted shareholders amounts to 99,000,000 shares[134]. - The proportion of pledged shares by the largest shareholder reaches 80% of their total holdings[136]. Miscellaneous - The company has not made any changes to the fundraising projects during the reporting period[73]. - The company has not reported any significant changes in its accounting policies regarding derivative investments compared to the previous reporting period[76]. - The financial report for the first half of 2022 was not audited, which may impact the reliability of the financial data presented[144].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥239,029,696.83, a decrease of 28.27% compared to ¥333,212,329.77 in the same period last year[27]. - The net profit attributable to shareholders was ¥6,233,614.39, down 92.92% from ¥88,065,242.54 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥2,031,333.14, a decline of 97.61% compared to ¥84,896,458.69 in the same period last year[27]. - Basic and diluted earnings per share were both ¥0.0223, a decrease of 93.69% from ¥0.3536 in the same period last year[27]. - Operating profit for the company was 9.50 million yuan, down 90.09% year-on-year[50]. - The decline in revenue and profit was primarily due to the impact of recurring COVID-19 outbreaks and strict controls, leading to a significant drop in orders for consumer electronics and communication markets[50]. - The company reported a total comprehensive income of CNY 4,717,166.06 for the first half of 2022, compared to CNY 88,123,212.16 in the same period of 2021, marking a decline of approximately 94.65%[161]. Cash Flow and Investments - The net cash flow from operating activities increased by 120.65% to ¥79,582,722.82, compared to ¥36,067,125.18 in the previous year[27]. - The net cash flow from investment activities improved by 72.38%, amounting to -¥132,608,265.65, due to a reduction in project investments[59]. - The company's cash and cash equivalents decreased by 87.49% to ¥18,781,531.37, primarily due to reduced equity and debt financing[59]. - The company incurred a net cash outflow from investing activities of CNY 132,608,265.65 in the first half of 2022, compared to a net outflow of CNY 480,045,565.43 in the same period of 2021[164]. - The financing activities generated a net cash inflow of CNY 65,366,208.80 in the first half of 2022, a decrease from CNY 594,484,916.52 in the same period of 2021, reflecting a decline of approximately 89.00%[164]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,050,447,891.10, an increase of 2.50% from ¥2,000,410,594.71 at the end of the previous year[27]. - Total liabilities increased to CNY 829,335,499.90 from CNY 791,594,499.18, representing a growth of about 4.8%[150]. - The company's short-term borrowings rose to CNY 327,781,707.74 from CNY 232,087,510.23, indicating an increase of approximately 41.2%[149]. - The total equity attributable to shareholders increased to CNY 1,221,112,391.20 from CNY 1,208,816,095.53, reflecting a growth of approximately 1.0%[150]. Research and Development - Research and development expenses increased by 72.62% to ¥16,104,210.70, attributed to increased investment in new product development[59]. - The company is focusing on the development of high-precision, low-power, and miniaturized Beidou chips and key components to support the integration of Beidou with 5G and IoT technologies[36]. - The company has established a strong management and R&D team, with advanced technology and production systems, enabling significant product innovation capabilities[53]. Market Position and Strategy - The company has been a leader in the MHz piezoelectric quartz crystal component industry for over 20 years, recognized as a national "specialized and innovative" small giant[39]. - The company is strategically expanding into emerging industries such as automotive electronics, industrial control, and IoT modules, gaining recognition from leading enterprises in these sectors[51]. - The company plans to continue expanding its market presence and investing in new technologies[170]. - The company aims to enhance shareholder value through strategic investments and operational efficiencies in the upcoming quarters[172]. Risk Management - The management has outlined potential risks and corresponding measures in the report, emphasizing the importance of investor awareness[5]. - The company is facing significant risks due to macroeconomic fluctuations, which could impact performance if the COVID-19 pandemic continues to affect global markets[85]. - The company has identified risks related to product price fluctuations, particularly for its core piezoelectric quartz crystal components, which may affect profitability if prices decline further[87]. - The company is committed to closely monitoring market trends and adapting to changes in the macroeconomic environment to mitigate risks[85]. Corporate Governance and Compliance - The company has not engaged in any entrusted loans, reflecting a conservative financial strategy[81]. - The company has maintained compliance with tax laws and has no records of tax administrative penalties, benefiting from high-tech enterprise income tax incentives[102]. - The financial statements are prepared based on actual transactions and in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2022[186].