证券代码：300570 证券简称：太辰光 编号：2017-002 深圳太辰光通信股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------------|----------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 广州证券股份有限公司 | 周鹏宇 | | 人员姓名 | 东北证券股份有限公司 | 庄重 | | | 金元证券股份有限公司 李俊博 | | | | 光大证券股份有限公司 | 吴希凯 | | | 金元证券股份有限公司 骆林 | | | | | 景泰利丰资产管理有限公司 黎来论 | | | | 深圳前海鑫智汇诚资产管理有限公司 田思雨 | | | 天风证券股份有限公司 容志能 | | | | | 中 ...

Group 1: Company Overview and Product Offerings - The main products include optical devices and optical sensing products, with optical interconnection products accounting for a significant portion of revenue [3][4] - In 2021, the export ratio of the company's products was 81.19%, primarily focused on data center construction [3][4] Group 2: Market Demand and Competition - The market demand for the company's products is generally on the rise, with a strong focus on optical interconnection products [3][4] - The optical communication market is highly competitive, with overseas clients prioritizing product quality and service, while domestic competition is price-driven [4] Group 3: Customer and Order Trends - Orders have shown a recovery due to the easing of pandemic restrictions, with significant year-on-year growth in the first half of the year [4][7] - The company’s major customers have not changed significantly, although there have been adjustments in sales strategies [4][7] Group 4: Domestic Market Expansion - The company has successfully expanded its domestic market, focusing on system integrators and component manufacturers [5][6] - New product development is ongoing, with a focus on both horizontal and vertical expansion in response to market needs [5][6] Group 5: Financial Performance and Challenges - Recent declines in gross margin are attributed to exchange rate fluctuations and changes in product demand structure [7] - The company has maintained a cautious optimism regarding future performance despite uncertainties in the economic environment [4][7] Group 6: Future Development Strategy - The company aims to leverage its resource and financial advantages to enhance product R&D and production, focusing on downstream market expansion [8] - Plans include diversifying the business model to provide integrated solutions that meet customer needs more comprehensively [8]

Financial Performance - The company's revenue for Q3 2022 reached ¥227,516,077.06, representing a 47.56% increase year-over-year[7] - Net profit attributable to shareholders was ¥55,237,697.55, a significant increase of 160.94% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥54,342,440.26, reflecting a 222.07% increase year-over-year[7] - Operating income for the year-to-date reached ¥703,573,461.30, a 49.55% increase from the previous year[12] - Total operating revenue for the period reached ¥703,573,461.30, a significant increase from ¥470,464,144.33 in the previous period, representing a growth of approximately 49.4%[26] - Operating profit for the period was ¥169,409,521.81, compared to ¥70,671,700.70 in the previous period, indicating an increase of about 139.8%[28] - Net profit for the period was ¥149,487,756.28, up from ¥62,520,552.31 in the previous period, reflecting a growth of approximately 139.5%[28] - Basic earnings per share increased to 0.6742 from 0.2758, marking a rise of about 144.4%[31] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,520,939,030.91, up 12.51% from the end of the previous year[7] - Total assets increased from 1,351,810,131.26 RMB to 1,520,939,030.91 RMB, marking a growth of about 12.5%[22] - Total liabilities rose from 153,461,988.68 RMB to 233,792,735.93 RMB, which is an increase of approximately 52%[22] - The total equity attributable to shareholders of the parent company increased from 1,184,586,617.52 RMB to 1,274,326,385.43 RMB, showing a growth of about 7.6%[25] Cash Flow - The company reported a net cash flow from operating activities of ¥95,957,006.37, which is a 14.40% increase year-over-year[7] - Cash flow from operating activities generated ¥95,957,006.37, compared to ¥83,880,873.70 in the previous period, an increase of approximately 14.5%[32] - Net cash flow from investment activities was -$183,191,588.01, a decrease of $79,498,053.12 compared to the previous period[35] - Total cash outflow from investment activities amounted to $1,403,372,369.80, an increase of $347,886,449.19 year-over-year[35] - Cash and cash equivalents at the end of the period were $422,329,486.93, down from $525,428,272.58 in the previous period[35] - Net cash flow from financing activities was -$67,943,270.20, compared to -$167,376,289.58 in the previous period, indicating an improvement[35] - The net increase in cash and cash equivalents was -$119,716,605.92, compared to -$6,054,551.67 previously[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,344[16] - The top 10 shareholders hold a total of 12.38% (28,468,320 shares) by Shenzhen Shenzhou Tong Investment Group Co., Ltd.[16] - The company has a pledged shareholding of 24,000,000 shares, which is 12.38% of the total shares held by the largest shareholder[16] Research and Development - Research and development expenses increased by 76.10% to ¥46,120,512.30, indicating a focus on innovation[12] - Research and development expenses for the period amounted to ¥46,120,512.30, up from ¥26,189,606.79, representing an increase of about 76.2%[26] Other Financial Metrics - The weighted average return on equity was 4.43%, an increase of 2.53% compared to the previous year[7] - The company experienced a significant increase in accounts payable, which rose by 33.70% to ¥124,548,978.01, primarily due to increased procurement[12] - Accounts receivable increased from 197,448,826.37 RMB to 252,457,933.68 RMB, indicating a growth of about 28%[19] - Inventory rose from 163,507,213.59 RMB to 206,039,024.76 RMB, reflecting an increase of approximately 26%[19] - The company reported a tax expense of ¥19,065,398.38, up from ¥7,809,078.82, indicating an increase of approximately 143.5%[28] - Other income for the period was ¥6,918,007.99, down from ¥9,606,052.14, a decrease of about 28.0%[26] Audit Information - The company did not undergo an audit for the third quarter report[36]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥476,057,384.24, representing a 50.52% increase compared to ¥316,278,970.26 in the same period last year[28]. - Net profit attributable to shareholders was ¥95,191,674.24, a significant increase of 125.19% from ¥42,272,351.05 in the previous year[28]. - The basic earnings per share rose to ¥0.4266, reflecting a 132.10% increase compared to ¥0.1838 in the same period last year[28]. - The company's total assets at the end of the reporting period were ¥1,449,721,173.48, up 7.24% from ¥1,351,810,131.26 at the end of the previous year[28]. - The net assets attributable to shareholders increased to ¥1,219,088,687.88, a 2.91% rise from ¥1,184,586,617.52 at the end of the previous year[28]. - The company's operating profit for the first half of 2022 was CNY 106,128,675.37, compared to CNY 47,188,368.23 in the same period of 2021, marking an increase of about 125%[168]. - The total profit for the first half of 2022 was CNY 105,910,561.16, up from CNY 46,899,046.10 in the same period of 2021, indicating a growth of about 125%[168]. - The company's net profit for the first half of 2022 reached CNY 94,258,134.01, a significant increase from CNY 41,388,634.96 in the same period of 2021, representing a growth of approximately 128%[168]. Cash Flow and Investments - The net cash flow from operating activities decreased by 67.58% to ¥14,813,514.34 from ¥45,686,713.32 in the same period last year[28]. - Cash and cash equivalents decreased by 14.05% to CNY 379,575,752.92, as part of the funds were converted into fixed-term deposits[57]. - Operating cash inflow for the first half of 2022 was CNY 428,348,124.71, an increase of 30.5% compared to CNY 328,122,431.38 in the first half of 2021[180]. - Net cash flow from investment activities was negative at CNY -141,665,109.23, a decline from a positive CNY 46,019,491.76 in the previous year[182]. - The company reported a net cash flow from financing activities of CNY -67,943,270.20, an improvement from CNY -99,395,922.00 in the first half of 2021[183]. Research and Development - The company reported a significant increase in research and development investment, totaling CNY 31,528,085.38, up 85.62% compared to the previous year[50]. - The company has established the "Guangdong Optical Fiber Sensing (Taicheng Light) Engineering Technology Research Center" to enhance its R&D capabilities in optical sensing products[39]. - The company maintains a strong focus on R&D, with a dedicated technical team and a commitment to continuous innovation in product technology and production processes[45]. - The company is focusing on enhancing its research and development capabilities to drive innovation[196]. Market and Business Operations - The company's main business involves the research, manufacturing, and sales of optical communication devices and optical sensing products, with no significant changes during the reporting period[38]. - The production capacity for optical devices is 121.29 million units, with a sales volume of 105.66 million units and revenue of 472.19 million yuan, reflecting a gross margin of 31.90%[44]. - The company anticipates significant growth driven by the demand for data centers and telecommunications networks, as highlighted by the government's "14th Five-Year Plan" for digital economy development[40]. - The company has implemented a proactive expansion plan to meet customer demand, resulting in substantial sales growth during the reporting period[44]. - The company has expanded its overseas market presence, resulting in substantial growth in foreign sales, which accounted for CNY 411,375,125.55, a 60.65% increase year-on-year[53]. Risks and Challenges - The company faces risks including external environmental changes, customer concentration, exchange rate fluctuations, technological risks, and logistics risks[5]. - The logistics disruptions caused by the COVID-19 pandemic have negatively impacted the company's export operations, prompting adjustments in shipping strategies[71]. - Sales to the top two customers accounted for a significant proportion of total sales, indicating a risk of revenue decline if their business decreases[70]. - The company has a high proportion of foreign sales, primarily settled in USD, making it susceptible to exchange rate fluctuations, which could affect foreign exchange gains or losses[70]. Shareholder Information - The total number of shares is 229,996,800, with 100% ownership distribution[129]. - The company has 36,165,690 restricted shares, accounting for 15.72% of total shares[126]. - The largest shareholder, Shenzhen Shenzhou Tong Investment Group Co., Ltd., holds 12.38% of shares, totaling 28,468,320[130]. - The company has not issued new shares or conducted any share buybacks during the reporting period[130]. Dividend and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company reported a profit distribution of CNY 66,941,020.20 to shareholders[191]. - The company has maintained a stable dividend policy and ensured timely and accurate information disclosure to investors[91].

Financial Performance - The company's revenue for Q1 2022 was ¥180,256,520.23, representing a 14.53% increase compared to ¥157,382,064.98 in the same period last year[5] - Net profit attributable to shareholders was ¥23,537,840.39, up 6.76% from ¥22,048,258.20 year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥21,593,538.22, reflecting an 18.43% increase from ¥18,233,715.89 in the previous year[5] - Total operating revenue for the first quarter reached ¥180,256,520.23, an increase of 14.4% compared to ¥157,382,064.98 in the same period last year[25] - The net profit for the current period is CNY 23,027,379.66, an increase of 7.1% compared to CNY 21,497,206.34 in the previous period[28] - Operating profit for the current period is CNY 25,816,427.94, compared to CNY 24,595,247.41 in the previous period, reflecting a growth of 4.9%[28] - The total profit for the current period is CNY 25,774,027.94, compared to CNY 24,593,446.86 in the previous period, reflecting an increase of 4.8%[28] Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 80.80%, amounting to ¥7,317,571.23 compared to ¥38,112,652.42 in the same period last year[5] - The net cash flow from operating activities is CNY 7,317,571.23, a decrease of 80.8% compared to CNY 38,112,652.42 in the previous period[33] - Cash and cash equivalents at the end of the period were ¥558,030,306.80, slightly up from ¥543,803,604.16 at the beginning of the year[18] - The cash and cash equivalents at the end of the period amount to CNY 553,989,196.23, an increase from CNY 449,258,622.83 at the end of the previous period[39] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,393,256,498.05, a 3.07% increase from ¥1,351,810,131.26 at the end of the previous year[5] - Total assets increased to ¥1,393,256,498.05 from ¥1,351,810,131.26, reflecting a growth of 3.1%[21] - Total liabilities rose to ¥171,880,975.81, up from ¥153,461,988.68, representing an increase of 12.0%[24] - Non-current assets totaled ¥295,797,692.97, down from ¥346,188,971.20, indicating a decrease of 14.5%[21] Shareholder Equity and Earnings - Shareholders' equity attributable to the parent company was ¥1,208,124,457.91, up 1.99% from ¥1,184,586,617.52 at the end of the previous year[5] - The company's equity attributable to shareholders increased to ¥1,208,124,457.91 from ¥1,184,586,617.52, a growth of 2.0%[24] - The basic earnings per share for the period was ¥0.1055, an increase of 10.01% from ¥0.0959 in the same period last year[5] - Basic and diluted earnings per share for the current period are both CNY 0.1055, up from CNY 0.0959 in the previous period[32] - The weighted average return on equity was 1.97%, up from 1.77% year-on-year[5] Expenses and Financial Impact - Total operating costs amounted to ¥151,330,288.86, up from ¥137,274,323.43, reflecting a year-over-year increase of 10.2%[25] - The company reported a significant increase in financial expenses by 138.42%, attributed to reduced investment income and foreign exchange losses[9] - Research and development expenses increased to CNY 10,276,349.53, up 22.7% from CNY 8,378,045.58 in the previous period[28] Government Support - The company received government subsidies amounting to ¥2,226,192.15, which are closely related to its normal business operations[6] Other Information - The company reported a net profit margin improvement, with net income figures to be detailed in future reports[25] - The first quarter report of Shenzhen Taicheng Communication Co., Ltd. is unaudited[40]

Financial Performance - The company's revenue for Q3 2021 was ¥154,185,174.07, representing a 6.85% increase year-over-year[7]. - Net profit attributable to shareholders for Q3 2021 was ¥21,168,700.98, a 36.30% increase compared to the same period last year[7]. - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥16,872,758.25, up 17.05% year-over-year[7]. - Total operating revenue for the third quarter was CNY 470,464,144.33, an increase from CNY 373,506,199.77 in the same period last year, representing a growth of approximately 26%[30]. - The net profit for the current period is CNY 62,520,552.31, an increase of 20.4% compared to CNY 51,904,931.83 in the previous period[33]. - The total profit for the current period is CNY 70,329,631.13, up from CNY 60,057,379.49, reflecting a growth of 22.5%[33]. - Operating profit for the current period is CNY 70,671,700.70, compared to CNY 61,149,757.29, marking an increase of 15.5%[33]. - The company reported a net profit margin improvement, with net profit increasing despite higher operating costs[30]. Cash Flow and Financial Position - The operating cash flow for the year-to-date period reached ¥83,880,873.70, showing a significant increase of 548.65% compared to the previous year[10]. - The company reported cash inflow from investment activities of CNY 427,384,502.31, compared to CNY 241,310,402.54, indicating a growth of 77.2%[41]. - The total cash inflow from operating activities reached CNY 503,427,276.14, compared to CNY 343,472,536.45, showing a growth of 46.6%[41]. - Cash flow from operating activities generated a net amount of CNY 83,880,873.70, a significant improvement from a negative CNY 18,696,383.58 in the previous period[38]. - Cash and cash equivalents decreased to CNY 526,915,783.89 from CNY 534,809,537.57, reflecting a decline of approximately 1.67%[23]. - Cash and cash equivalents at the end of the period amounted to $525,428,272.58, down from $590,518,237.84 at the beginning of the period[44]. - The net cash flow from financing activities was -$167,376,289.58, compared to -$98,457,738.87 in the previous period[44]. - The company’s financial expenses decreased to CNY -3,217,663.68 from CNY -7,171,674.66, indicating a reduction of 55.2%[33]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,237[15]. - The largest shareholder, Shenzhen Shenzhou Tong Investment Group Co., Ltd., holds 12.38% of shares, totaling 28,468,320 shares[15]. - The shareholder Zhang Zhimin holds 8.83% of shares, totaling 20,314,800 shares[15]. - The company has a total of 10 major shareholders, with the top 10 holding significant stakes[15]. - The company has disclosed its shareholder relationships, indicating that several major shareholders are acting in concert[15]. Share Repurchase and Incentive Plans - The company repurchased a total of 6,860,066 shares, accounting for 2.98% of the total share capital, with a total expenditure of approximately RMB 99.87 million[18]. - The maximum repurchase price was RMB 15.09 per share, while the minimum was RMB 13.43 per share[18]. - The company plans to use repurchased shares for future employee stock ownership plans or equity incentives[18]. - The company approved a restricted stock incentive plan, granting 5.5 million shares at a price of RMB 8.86 per share[19]. - The incentive plan was approved by the board and shareholders on multiple occasions throughout April and May 2021[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,309,256,454.36, down 8.56% from the end of the previous year[7]. - Total assets decreased to CNY 1,309,256,454.36 from CNY 1,431,823,288.24, a drop of about 8.5%[26]. - Total liabilities decreased to CNY 125,252,651.64 from CNY 144,097,651.74, indicating a reduction of approximately 13.1%[29]. - The company's equity attributable to shareholders decreased to CNY 1,170,250,293.42 from CNY 1,274,648,131.22, a decline of about 8.2%[29]. - Shareholders' equity attributable to the parent company was ¥1,170,250,293.42, a decrease of 8.19% compared to the end of the previous year[7]. Future Outlook - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth[30].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥316,278,970.26, representing a 37.99% increase compared to ¥229,202,570.49 in the same period last year[30]. - The net profit attributable to shareholders of the listed company was ¥42,272,351.05, up 7.73% from ¥39,239,964.66 in the previous year[30]. - The net profit after deducting non-recurring gains and losses was ¥37,108,403.63, reflecting a 15.77% increase from ¥32,053,355.14 in the same period last year[30]. - The basic earnings per share were ¥0.1838, an increase of 7.74% from ¥0.1706 in the same period last year[30]. - The company achieved operating revenue of 316.28 million yuan, a year-on-year increase of 37.99%[41]. - Net profit attributable to shareholders was 42.27 million yuan, reflecting a year-on-year growth of 7.73%[41]. - The net profit for the first half of 2021 reached CNY 41,388,634.96, a 10.5% increase from CNY 37,404,098.83 in the first half of 2020[169]. - The total comprehensive income for the first half of 2021 was CNY 45,694,250.36, compared to CNY 43,208,134.17 in the same period of 2020, marking an increase of approximately 5.75%[180]. Cash Flow and Investments - The net cash flow from operating activities was ¥45,686,713.32, a significant improvement of 290.37% compared to -¥23,999,220.59 in the previous year[30]. - Operating cash flow net amount increased by 290.36% to 45.69 million yuan, primarily due to increased cash receipts from sales[50]. - The net cash flow from operating activities for the first half of 2021 was CNY 45,686,713.32, a significant improvement from a negative cash flow of CNY -23,999,220.59 in the same period of 2020[185]. - Cash inflow from investment activities in the first half of 2021 was CNY 281,939,776.29, compared to CNY 626,597,362.07 in the previous year, showing a decrease of about 55%[185]. - The total cash inflow from investing activities was $274,474,324.71, down 55.1% from $608,917,708.04 in the prior period[192]. - The cash outflow for the acquisition of fixed assets was $8,077,622.26, a decrease of 46.8% from $15,195,267.82 in the prior period[192]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,352,768,542.65, a decrease of 5.52% from ¥1,431,823,288.24 at the end of the previous year[30]. - The company’s total assets were CNY 1,379,150,174.01, down from CNY 1,452,981,123.10, indicating a decrease of 5.0%[166]. - Total liabilities increased from 144,097,651.74 to 189,896,657.28, an increase of about 31.8%[156]. - The total liabilities increased to CNY 190,695,562.33 from CNY 143,408,375.68, reflecting a growth of 32.9%[166]. - Total equity decreased from 1,287,725,636.50 to 1,162,871,885.37, a decline of approximately 9.7%[156]. - The company reported a decrease in undistributed profits to CNY 444,611,189.10 from CNY 470,427,383.98, a reduction of 5.5%[166]. Research and Development - R&D investment increased by 15.91% to 16.99 million yuan, focusing on enhancing production automation and optimizing technology[41]. - Research and development expenses for the first half of 2021 amounted to CNY 16,985,355.82, an increase from CNY 14,654,076.12 in the first half of 2020[166]. - The company plans to strengthen domestic market expansion and increase R&D efforts for new products and technologies[41]. - The company is focusing on enhancing its competitive edge by developing new products and technologies to meet market demands[67]. Market and Sales - The gross profit margin for optical device products was 29.76%, compared to 28.31% in the same period last year[44]. - The company reported a significant recovery in sales volume for ceramic insert products, with a total sales volume of 53.48 million units[44]. - The company's revenue from optical communication reached ¥309,516,399.58, with a year-on-year increase of 38.30%[51]. - Domestic sales amounted to ¥60,206,360.55, showing a growth of 10.60% year-on-year, while the cost of sales increased by 15.70%[51]. - Export sales were ¥256,072,609.71, with a year-on-year growth of 46.52%[54]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[7]. - The company approved the 2021 Restricted Stock Incentive Plan, granting 5.5 million shares at a price of 8.86 CNY per share to 87 eligible participants[74]. - The company confirmed a total of 229,996,800 shares, with 83.41% being unrestricted shares[116]. - The company repurchased a total of 6,860,066 shares, accounting for 2.9827% of the current total share capital, with a total expenditure of approximately RMB 99.87 million[120]. - The largest shareholder, Shenzhen Shenzhou Tong Investment Group Co., Ltd., holds 12.38% of shares, totaling 28,468,320 shares[128]. - The second-largest shareholder, Huayang Import and Export (Shenzhen) Co., Ltd., holds 10.04% of shares, totaling 23,094,720 shares[128]. Risk Factors and Management - The company faces risks including macroeconomic fluctuations, customer concentration, market competition, and exchange rate risks[4]. - The company is closely monitoring macroeconomic conditions and has strategies in place to mitigate risks associated with customer concentration and market competition[67]. Corporate Social Responsibility - The company has committed to supporting local education by awarding teaching honors for ten consecutive years starting from 2019[83]. - The company actively participated in COVID-19 prevention efforts, including donations to support education in remote areas[83]. Other Information - The company has not faced any administrative penalties related to environmental issues during the reporting period[82]. - There were no significant lawsuits or arbitration matters during the reporting period[92]. - The company did not engage in any major related party transactions during the reporting period[94]. - The semi-annual financial report has not been audited[89]. - The company has no significant changes in subsidiaries or other major matters to disclose[111].

深圳太辰光通信股份有限公司 2021 年第一季度报告全文 深圳太辰光通信股份有限公司 2021 年第一季度报告 2021 年 04 月 1 深圳太辰光通信股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张致民、主管会计工作负责人张艺明及会计机构负责人(会计主 管人员)黄伟新声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳太辰光通信股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | | 本报告期 | 上年 ...

Financial Performance - The company achieved operating revenue of CNY 573.64 million in 2020, a decrease of 23.84% year-on-year[21]. - The net profit attributable to shareholders was CNY 75.62 million, down 55.01% compared to the previous year[21]. - The net cash flow from operating activities was CNY 4.41 million, a significant decline of 98.14% year-on-year[21]. - Basic earnings per share were CNY 0.33, representing a decrease of 54.79% from the previous year[21]. - Total assets at the end of 2020 were CNY 1.43 billion, a decrease of 3.65% from the end of 2019[21]. - The net assets attributable to shareholders were CNY 1.27 billion, down 2.14% compared to the previous year[21]. - The company reported a diluted earnings per share of CNY 0.33, consistent with basic earnings per share[21]. - The weighted average return on net assets was 5.87%, a decrease of 7.62% from the previous year[21]. - Total revenue for the year reached ¥574,637,499.01, with a significant increase in the fourth quarter to ¥200,131,299.24, representing a 38.4% growth compared to the previous quarter[24]. - Net profit attributable to shareholders for the year was ¥75,616,407.31, with the fourth quarter showing a net profit of ¥20,845,107.11, a 33.5% increase from the third quarter[24]. Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥5,302,837.01 in the third quarter, turning positive after negative cash flows in the first two quarters[24]. - Operating cash inflow decreased by 46.96% to ¥507,514,502.32 compared to the previous year[70]. - The total amount of cash and cash equivalents decreased by ¥59,035,413.59, a decline of 227.83% year-on-year[70]. - Total investment during the reporting period was ¥105,373,406.05, an increase of 88.81% compared to the previous year[76]. - The total investment progress for all committed projects is 58,092.97 million, with CNY 10,537.34 million used in the current period and CNY 43,298.55 million used cumulatively[79]. - The company has repurposed part of the raised funds for working capital, with CNY 2,000 million temporarily used for this purpose, which was fully returned within 12 months[86]. - The company has made adjustments to the implementation methods of certain projects, including acquiring equity in companies instead of self-building production lines, leading to savings in raised funds[82]. Market and Product Development - The company has been actively developing new products, particularly in the active optical device sector, to enhance its market position in data centers and transmission networks[34]. - The company has established a "Guangdong Province Optical Fiber Sensing (Taicheng Light) Engineering Technology Research Center," indicating a focus on expanding its optical sensing product line[35]. - The company has maintained a focus on developing technologies and products that align with industry trends and market demands[44]. - The company aims to enhance its blank production technology, extend its product chain, reduce production costs, and improve product competitiveness[92]. - The company plans to increase investment in technology and product development to meet the growing demand for 5G technology and products[98]. - The company will accelerate the development and transition of new products, including DAC and AWG, to enhance product competitiveness[102]. Sales and Customer Relations - The company's optical communication products generated revenue of 570 million yuan, accounting for 99.45% of total revenue, with a year-on-year decline of 23.11%[49]. - Domestic sales increased by 61.66% year-on-year, reaching 107.88 million yuan, while foreign sales decreased by 32.15% to 465.76 million yuan[49]. - Total sales from the top five customers amounted to ¥444,909,425.08, accounting for 77.56% of the annual total sales[60]. - The first major customer contributed ¥357,811,718.81, representing 62.38% of the annual total sales[60]. - The company has established a joint venture with a Japanese partner to continue developing high-precision technology related to connector and chip technologies[91]. Risk Management and Compliance - The company has outlined potential risks in its future development outlook, which investors should pay attention to[5]. - The company has identified risks related to external environment changes, customer concentration, exchange rate fluctuations, and technology advancements, and is developing strategies to mitigate these risks[103]. - The company is committed to maintaining transparency and accountability in its financial reporting, ensuring compliance with regulatory standards[134]. - The company has not reported any major risks related to contract performance or significant changes in contract conditions[190]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 3 per 10 shares to all shareholders[5]. - The cash dividend for the 2020 fiscal year is set at 3.00 RMB per 10 shares, totaling 66,941,020.20 RMB, which represents 100% of the distributable profit[109]. - The company’s cash dividend payout ratio has shown a significant increase from 54.21% in 2018 to 88.53% in 2020[114]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[115]. Corporate Social Responsibility - The company made a donation of 1 million yuan to the Shenzhen Charity Association for pandemic prevention efforts during the reporting period[195]. - The company has committed to reward outstanding teachers in a local school with 50,000 yuan annually for ten consecutive years starting from 2019[195].

Financial Performance - Operating revenue for the reporting period was CNY 144,303,629.28, down 25.48% year-on-year, and year-to-date revenue was CNY 373,506,199.77, a decrease of 40.10%[8] - Net profit attributable to shareholders was CNY 15,531,335.54, a decline of 66.38% compared to the same period last year, with year-to-date net profit down 63.04% to CNY 54,771,300.20[8] - Basic earnings per share for the reporting period were CNY 0.0675, down 66.40% year-on-year, and year-to-date earnings per share decreased by 63.05% to CNY 0.2381[8] - The weighted average return on equity was 1.36%, a decrease of 2.31% compared to the previous year, and year-to-date return on equity was down 7.49% to 4.23%[8] - The company reported a significant decrease in investment income by 80.67% to CNY 2.33 million, due to a reduction in funds used for financial management[22] - The total operating revenue for the current period is CNY 143,732,151.99, a decrease of 26.06% compared to CNY 194,500,675.35 in the previous period[58] - The net profit for the current period is CNY 14,500,833.00, down 68.15% from CNY 45,450,681.20 in the previous period[55] - The operating profit for the current period is CNY 16,879,019.05, a decline of 68.54% compared to CNY 53,551,883.72 in the previous period[55] - The total profit for the current period is CNY 16,777,929.79, a decrease of 68.42% from CNY 53,086,548.16 in the previous period[55] - The company reported a decrease in investment income to CNY 468,280.45 from CNY 1,751,875.18 in the previous period[58] Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -18,696,383.58, reflecting a decline of 111.76% year-on-year[8] - Cash inflow from operating activities totaled ¥343.47 million, down from ¥752.89 million year-over-year, reflecting a decrease of about 54.4%[83] - The net cash flow from operating activities was negative at ¥18.70 million, compared to a positive ¥158.97 million in the same period last year[83] - Cash inflow from investment activities was ¥241.31 million, a decrease from ¥1.17 billion in the previous year, representing a decline of approximately 79.4%[86] - The total assets at the end of the reporting period were CNY 1,408,605,088.24, a decrease of 5.21% compared to the end of the previous year[8] - The total assets decreased from CNY 1,495,332,301.57 to CNY 1,420,261,098.62, a reduction of approximately 5.0%[48] - The total liabilities decreased from CNY 172,955,587.67 to CNY 141,160,929.29, representing a reduction of approximately 18.4%[41] - Cash and cash equivalents decreased from CNY 756,371,673.24 to CNY 574,979,082.64, a drop of approximately 24.0%[42] - The total cash and cash equivalents at the end of the period stood at ¥365.34 million, down from ¥723.40 million at the end of the previous year, a decrease of approximately 49.5%[86] - The ending balance of cash and cash equivalents was 358,061,102.52, down from 718,884,351.36 at the end of the previous period, representing a decrease of approximately 50.2%[93] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,418[12] - The largest shareholder, Shenzhen Shenzhou Tong Investment Group Co., Ltd., held 12.38% of the shares, amounting to 28,468,320 shares[12] - The total equity attributable to shareholders of the parent company decreased from CNY 1,302,529,435.70 to CNY 1,253,803,024.11, a decline of about 3.8%[41] Operational Insights - The company anticipates better growth in the fourth quarter due to recovering demand from end customers and ongoing development of new products and technologies[20] - There were no significant changes in the company's strategy or new product developments mentioned in the report[8] - The company plans to focus on market expansion and new product development in the upcoming quarters[70] - The company aims to enhance operational efficiency and reduce costs further in the next fiscal year[70] Changes in Financial Position - Accounts receivable increased by 74.31% to CNY 133.43 million from CNY 76.55 million at the beginning of the year[21] - Deferred income tax assets decreased by 30.63% to CNY 7.41 million, reflecting a reduction in accrued employee performance compensation[21] - Other non-current assets increased by 82.52% to CNY 5.93 million, primarily due to an increase in prepaid equipment costs[21] - The company reported a significant drop in cash received from sales of goods and services, totaling ¥316.10 million, down from ¥720.46 million year-over-year[90] - The company has seen a significant reduction in tax expenses, with current tax expenses at ¥8,152,447.66 compared to ¥23,717,159.56 in the previous period[70]