深圳市广和通无线股份有限公司 2021 年第三季度报告 证券代码：300638 证券简称：广和通 公告编号：2021-112 深圳市广和通无线股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告 中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|------------------------------------------------------|------------|--------|---------- ...

Financial Performance - The company reported a total revenue of 300 million RMB for the first half of 2021, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders was 50 million RMB, up 20% compared to the same period last year[21]. - The company's operating revenue for the reporting period was ¥1,821,759,954.07, representing a 43.85% increase compared to ¥1,266,424,054.99 in the same period last year[28]. - The net profit attributable to shareholders was ¥202,677,459.32, up 47.27% from ¥137,620,728.34 year-on-year[28]. - The net profit after deducting non-recurring gains and losses was ¥177,585,733.63, reflecting a 41.31% increase from ¥125,671,149.30 in the previous year[28]. - The company's revenue for the reporting period reached ¥1,821,759,954.07, representing a 43.85% increase compared to ¥1,266,424,054.99 in the same period last year[62]. - The company reported a total revenue of 16,960.1 million CNY for the first half of 2021, with a net profit margin of 10.76%[97]. Research and Development - The company plans to invest 100 million RMB in R&D for new product development in the IoT sector[21]. - The company has maintained a strong R&D capability in wireless communication technology, focusing on IoT applications and solutions[39]. - Research and development expenses increased by 46.17% to ¥206,007,641.42, reflecting the company's commitment to enhancing its R&D capabilities[63]. - R&D investment totaled ¥206 million, accounting for 11.31% of the company's revenue, with over 60% of employees dedicated to R&D[66]. - The company is focusing on R&D investments to drive innovation and product development, ensuring competitiveness in the rapidly evolving IoT market[47]. - The company is actively pursuing patent applications to strengthen its intellectual property protection[106]. Market Expansion - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2021[21]. - The company is focused on expanding its market presence in the IoT sector, leveraging its technological advantages and industry experience[54]. - The company aims to expand into overseas markets to diversify its revenue sources and mitigate risks associated with domestic competition[104]. - The company successfully obtained several product certifications, including the first 5G module certified by Deutsche Telekom, facilitating entry into overseas markets[48]. - The company expanded its marketing efforts, optimizing its global marketing team and establishing a presence in regions such as South China, East China, North China, and overseas markets[49]. Strategic Initiatives - A strategic partnership with a leading telecommunications provider is expected to enhance the company's market reach and service offerings[21]. - The company is exploring potential acquisitions to strengthen its technology portfolio and market position[21]. - The company is actively engaging in technical collaboration with downstream partners to develop tailored wireless communication solutions for various IoT applications[48]. - The company is planning to acquire 51% of Shenzhen Ruiling Wireless Technology Co., Ltd. through a combination of issuing shares and cash payments[157]. Financial Management - The company will not distribute cash dividends for the current fiscal year, focusing instead on reinvestment for growth[6]. - The company received government subsidies amounting to ¥27,971,068.82, contributing positively to its financial performance[34]. - The company has temporarily supplemented working capital with CNY 195 million from raised funds, with the remaining funds stored in a dedicated account as of June 30, 2021[85]. - The company has engaged in entrusted financial management with a total amount of 26,159.17 million CNY, with an unexpired balance of 10,491.09 million CNY[89]. Risks and Challenges - The management highlighted the importance of addressing risks related to supply chain disruptions and market competition in their future strategies[21]. - The company faced challenges in securing imported raw materials due to global supply chain disruptions, impacting operations[64]. - The company has acknowledged the impact of exchange rate fluctuations on its business, particularly with the rapid growth of overseas operations[107]. - The company has implemented risk control measures to manage foreign exchange hedging risks, including only engaging with qualified financial institutions[99]. Employee and Shareholder Matters - The company implemented a stock incentive plan in 2021, benefiting over 300 employees, which is expected to enhance employee motivation and align interests with shareholders[49]. - The company has implemented a series of measures to mitigate the risk of core technical personnel loss, including stock incentives and confidentiality agreements[106]. - The company distributed a cash dividend of 3.00 CNY per 10 shares and increased capital by 7 shares for every 10 shares held as of April 15, 2021, based on a total share capital of 241,904,234 shares[120]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,873,044,334.82, a 32.62% increase from ¥2,920,471,618.06 at the end of the previous year[28]. - Cash and cash equivalents at the end of the reporting period amounted to ¥530,010,402.77, representing 13.68% of total assets, a decrease of 3.63% from the previous year[71]. - Accounts receivable totaled ¥636,322,562.36, accounting for 16.43% of total assets, down 5.87% year-over-year[71]. - Inventory increased significantly to ¥1,071,920,143.42, making up 27.68% of total assets, reflecting a 10.10% increase due to higher sales volume and strategic stockpiling[71]. Corporate Governance - The half-year financial report was not audited[130]. - The company had no significant litigation or arbitration matters during the reporting period[133]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties[128]. - The company has not reported any significant changes in the feasibility of the projects[84].

Financial Performance - The company's operating revenue for Q1 2021 was ¥860,203,330.08, representing a 65.03% increase compared to ¥521,255,356.54 in the same period last year[8]. - The net profit attributable to shareholders was ¥80,332,895.85, up 54.35% from ¥52,045,080.26 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥70,390,901.47, reflecting a 49.45% increase from ¥47,100,655.88 in the previous year[8]. - The net cash flow from operating activities was ¥79,609,766.83, which is a 69.37% increase compared to ¥47,004,540.90 in the same period last year[8]. - Basic earnings per share increased to ¥0.33, a 50.00% rise from ¥0.22 in the same period last year[8]. - Total operating revenue for Q1 2021 reached CNY 860,203,330.08, a significant increase of 65% compared to CNY 521,255,356.54 in the same period last year[61]. - Net profit for Q1 2021 was CNY 80,332,895.85, compared to CNY 52,045,080.26 in Q1 2020, representing a growth of 54%[65]. - The total comprehensive income for Q1 2021 was approximately ¥79.81 million, compared to ¥52.42 million in the previous year, marking a 52% increase[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,453,540,597.78, an 18.25% increase from ¥2,920,471,618.06 at the end of the previous year[8]. - The net assets attributable to shareholders were ¥1,642,573,076.42, up 5.15% from ¥1,562,132,866.28 at the end of the previous year[8]. - Total current assets increased to CNY 2,737,518,495.71 as of March 31, 2021, up from CNY 2,278,158,273.05 as of December 31, 2020, representing a growth of approximately 20.2%[49]. - Total liabilities increased to CNY 1,810,967,521.36 from CNY 1,358,338,751.78, which is an increase of approximately 33.2%[55]. - The company's equity attributable to shareholders rose to CNY 1,642,573,076.42 from CNY 1,562,132,866.28, indicating a growth of about 5.1%[55]. Research and Development - R&D expenses increased by 49.38% to CNY 91,662,673.97, reflecting the company's commitment to innovation[21]. - Research and development expenses for Q1 2021 were CNY 91,662,673.97, up from CNY 61,363,560.78, reflecting a 49% increase[63]. - The company invested CNY 11,585,602.98 in development expenditures, up from CNY 6,489,267.05, indicating an increase of approximately 78.5%[51]. Market and Product Development - The company launched multiple new products globally, including the FG360 5G module and SC168 intelligent module, enhancing its product lineup[22]. - The company plans to expand its market presence with new 5G solutions catering to diverse customer needs[22]. - The company successfully completed Deutsche Telekom certification for its 5G modules FM150-AE and FG150-AE, marking them as the first globally certified 5G modules by Deutsche Telekom[24]. - The company’s 5G automotive-grade module AN958-AE received three certifications (CCC, SRRC, NAL), indicating readiness for mass production and enhancing its 5G offerings[24]. Financial Management - The company reported a significant increase in financial expenses by 906.92% to CNY 6,390,007.09, mainly due to exchange losses[21]. - The company has maintained a strong cash position with short-term borrowings increasing to CNY 100,000,000.00 from CNY 55,000,000.00[59]. - The financing activities generated a net cash inflow of CNY 44,137,824.71, compared to CNY 12,371,638.11 in the same quarter last year, reflecting enhanced financing strategies[81]. Shareholder and Employee Engagement - The company plans to implement a stock incentive plan for over 300 employees to enhance motivation and align interests among employees, the company, and shareholders[25]. - The total number of ordinary shareholders at the end of the reporting period was 21,541[11]. Risks and Challenges - The company faces risks from intensified market competition in the IoT sector, prompting strategies to expand overseas markets and increase product coverage[27]. - The company is addressing potential risks from reliance on outsourced manufacturing, including quality and delivery issues, by strengthening supplier management[29]. - The company reported accounts receivable of ¥589.53 million, accounting for 17.07% of total assets, with a focus on managing risks associated with large customer balances[30].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2020, representing a year-over-year growth of 15%[25]. - The company achieved a revenue of ¥2,743,578,210.41, representing a year-on-year growth of 43.26%[50]. - The net profit attributable to shareholders for 2020 was ¥283,623,344.22, which is a 66.76% increase from ¥170,074,699.67 in 2019[33]. - The net profit after deducting non-recurring gains and losses was ¥261,442,998.05, up 66.39% from ¥157,123,717.30 in 2019[33]. - The basic earnings per share for 2020 was ¥1.17, a 50.00% increase from ¥0.78 in 2019[33]. - The gross margin improved to 35%, up from 32% in the previous year, due to cost optimization strategies[25]. - The company aims to achieve a net profit margin of 10% in the upcoming fiscal year, up from 8%[25]. - The company reported a cash dividend of 4.00 yuan per 10 shares (including tax) to all shareholders based on a total share capital of 134,198,665 shares as of April 14, 2020[191]. Research and Development - Investment in R&D increased by 25% year-over-year, focusing on 5G and IoT technologies[25]. - The company invested CNY 304,628,596.07 in R&D, accounting for 11.10% of its revenue during the same period[62]. - The number of R&D personnel increased to 823 in 2020, representing 63.55% of the total workforce, compared to 64.26% in 2019[94]. - The company has established a strong R&D team, with over 60% of its 1,275 employees dedicated to R&D[62]. - The company has accumulated 44 invention patents, 43 utility model patents, and 52 software copyrights as of December 31, 2021[57]. Market Expansion - The company emphasizes the importance of expanding overseas markets to increase new profit sources amid intensifying market competition[7]. - The company plans to expand its market presence in Europe and North America, targeting a 30% increase in international sales[25]. - The company established subsidiaries or offices in Hong Kong, the USA, and Germany to support overseas market expansion[49]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[149]. Product Development - The company launched two new products in the IoT sector, contributing to a 5% increase in market share[25]. - The company launched the world's first 5G+eSIM module FG150 eSIM and FM150 eSIM in collaboration with China Unicom, enhancing security and usability[63]. - The company introduced the AX168-GL automotive-grade C-V2X module, targeting the global automotive market[64]. - The company launched the new generation high-performance smart module SC138, integrating high-performance CPU and GPU technologies[70]. - The NB-IoT product MC905 was launched, representing the start of the NB product 2.0 era, catering to low-speed IoT applications[64]. Financial Management - The company's accounts receivable at the end of the reporting period amounted to ¥651,192,055.59, accounting for 22.30% of total assets[15]. - The total assets of the company increased to 3 billion RMB, reflecting a growth of 12% year-over-year[25]. - The total assets at the end of 2020 were ¥2,920,471,618.06, a 42.17% increase from ¥2,054,163,643.10 in 2019[33]. - The company’s net assets attributable to shareholders increased by 19.86% to ¥1,562,132,866.28 in 2020 from ¥1,303,332,759.06 in 2019[33]. - The company’s cash flow from operating activities showed significant improvement, with the third quarter generating ¥122,814,991.05 and the fourth quarter generating ¥134,945,235.10[35]. Risk Management - The company acknowledges the risk of foreign exchange fluctuations due to its expanding overseas business and multi-currency settlements[14]. - The company is committed to strengthening the management of outsourced manufacturers to mitigate risks related to production quality and delivery[13]. - The company has implemented a comprehensive accounts receivable management system to mitigate risks associated with large receivables[15]. - The company is focused on the successful completion of its IoT mobile terminal solution project to better meet customer needs and reduce potential risks[9]. Corporate Governance - The company has ensured that minority shareholders have adequate opportunities to express their opinions and that their legal rights are fully protected[133]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[137]. - The company has not sold any major assets during the reporting period[123]. - There were no major litigation or arbitration matters during the reporting period[189]. Strategic Initiatives - A strategic acquisition of a local tech firm is anticipated to enhance the company's capabilities in smart grid technology[25]. - The company plans to enhance its investment in vehicle-mounted business, FIA complete machine business, and IoT platform services[52]. - The company plans to enhance global procurement capabilities to reduce manufacturing costs[127]. - The company plans to enhance overseas market share and improve product technology competitiveness in 2021[127].

Financial Performance - Operating revenue for the period reached CNY 701,129,428.38, a 49.10% increase year-on-year[8] - Net profit attributable to shareholders surged by 115.64% to CNY 86,126,062.18 for the quarter[8] - Basic earnings per share rose by 94.97% to CNY 0.3605[8] - The company's operating revenue for the first nine months of 2020 reached CNY 1,967,553,483.37, representing a 48.01% increase compared to CNY 1,329,302,277.63 in the same period of 2019[24] - The net profit for the first nine months of 2020 increased to CNY 469,414,195.64, a growth of 56.81% from CNY 299,346,871.12 in the previous year[23] - Total operating revenue for Q3 2020 reached ¥701,129,428.38, compared to ¥470,250,570.40 in the same period last year, representing a year-over-year increase of approximately 49.0%[45] - Net profit for Q3 2020 was ¥86,126,062.18, compared to ¥39,938,831.89 in Q3 2019, reflecting an increase of approximately 115.0%[49] - The company's total operating revenue for the current period reached CNY 774,166,423.94, a significant increase of 62% compared to CNY 478,580,594.90 in the previous period[52] - The net profit for the current period was CNY 80,481,371.27, representing a 133% increase from CNY 34,578,010.27 in the same period last year[54] Assets and Liabilities - Total assets increased by 32.81% to CNY 2,728,103,519.14 compared to the end of the previous year[8] - Cash and cash equivalents rose by 45.49% to CNY 946,128,638.16 as of September 30, 2020, compared to CNY 650,313,532.95 at the end of 2019[21] - The company's inventory increased by 164.44% to CNY 469,460,342.31, driven by a rise in sales volume[21] - The total liabilities increased significantly, with short-term borrowings rising by 167.45% to CNY 244,719,252.17[21] - The total assets of the company as of Q3 2020 amounted to ¥2,696,191,513.16, an increase from ¥2,055,877,668.82 in the previous year, marking a growth of about 31.1%[43] - Total liabilities increased to ¥1,239,231,801.51 from ¥815,780,547.72, representing a rise of approximately 51.8%[43] - The total current liabilities reached ¥1,237,003,940.26, compared to ¥813,294,688.42 in the previous year, indicating a growth of approximately 52.0%[43] Cash Flow - The net cash flow from operating activities increased significantly by 946.82% to CNY 122,814,991.05[8] - Cash inflow from operating activities was CNY 2,071,211,863.97, significantly higher than CNY 1,393,646,978.52 in the same period last year[68] - The net cash flow from operating activities was CNY 202,147,274.67, a decrease from CNY 231,744,523.31 in the previous period[70] - The total cash inflow from investment activities was CNY 296,977,459.24, while cash outflow was CNY 374,815,067.14, resulting in a net cash flow of -CNY 77,837,607.90[70] - Cash inflow from financing activities amounted to CNY 289,383,616.21, with cash outflow of CNY 120,234,800.21, leading to a net cash flow of CNY 169,148,816.00[72] Research and Development - Research and development expenses for the first nine months of 2020 amounted to CNY 209,762,099.47, up 46.05% from CNY 143,625,818.77 in the same period of 2019[24] - Research and development expenses for the period were ¥77,993,457.81, compared to ¥55,310,805.19 in the previous year, showing an increase of approximately 40.9%[47] - Research and development expenses for the current period were CNY 30,226,752.97, slightly up from CNY 29,584,215.49, indicating continued investment in innovation[52] - Research and development expenses for the period were CNY 81,563,515.03, compared to CNY 68,776,154.41 in the previous year, indicating an increase of 18.5%[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,213[11] - The largest shareholder, Zhang Tianyu, holds 44.35% of the shares, amounting to 107,135,000 shares[11] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 7,407,733.77 during the reporting period[10] - Non-recurring gains and losses totaled CNY 16,120,466.87 after tax adjustments[10] Strategic Initiatives - The company plans to continue expanding its market presence in the Internet of Things sector, which has shown strong growth potential[24] - The company is actively pursuing the acquisition of Sierra Wireless' vehicle-mounted business assets as part of its future strategic development[30] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[54] Employee Compensation - The company reported a substantial increase in employee compensation liabilities, which rose to CNY 94,757,995.97 from CNY 64,296,376.42, indicating a growth of approximately 47.5%[37] - The cash paid to employees and for employee benefits was CNY 90,139,845.41, up from CNY 58,577,336.26 in the previous period[75]

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2020, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders for the same period was 50 million RMB, up 20% compared to the previous year[15]. - The company aims to achieve a revenue target of 600 million RMB for the full year 2020, indicating a growth forecast of 10%[15]. - The company achieved operating revenue of ¥1,266,424,054.99, representing a 47.42% increase compared to the same period last year[30]. - Net profit attributable to shareholders reached ¥137,620,728.34, a year-on-year growth of 70.78%[30]. - The net profit for the period was ¥137,620,728.34, showing a year-on-year increase of 70.78%[41]. - The total operating revenue for the first half of 2020 reached CNY 1,266,424,054.99, representing an increase of approximately 47.4% compared to CNY 859,051,707.23 in the same period of 2019[191]. - The total profit for the first half of 2020 was CNY 150,907,465.33, compared to CNY 91,113,421.65 in the same period of 2019, reflecting an increase of around 65.7%[195]. - The basic earnings per share for the first half of 2020 were CNY 0.5760, compared to CNY 0.3731 in the first half of 2019, representing an increase of approximately 54.5%[195]. Research and Development - The company plans to invest 100 million RMB in R&D for new technologies and products in the next fiscal year[15]. - The company invested ¥140,936,903.29 in R&D, accounting for 11.13% of its revenue during the same period[42]. - The R&D team consists of over 60% of the total workforce, with more than 80% holding a bachelor's degree or higher[42]. - The company has accumulated 33 invention patents, 41 utility model patents, and 46 software copyrights as of June 30, 2020[37]. - The company is increasing R&D investment to enhance product competitiveness and address potential risks from integrated chip technologies[92]. - Research and development expenses for the first half of 2020 were CNY 131,768,641.66, compared to CNY 88,315,013.58 in the same period of 2019, showing an increase of about 49.2%[191]. Market Expansion - The company has expanded its market presence in Southeast Asia, achieving a 30% growth in sales in that region[15]. - The company is exploring potential mergers and acquisitions to enhance its technology capabilities and market reach[15]. - The company plans to expand into overseas markets to increase new profit sources amid intensifying market competition in the IoT industry[92]. - The company launched the world's first 5G+eSIM module FG150 eSIM, enhancing security and usability for terminal products[43]. - The MA510 LPWA module received global certification from Vodafone, enabling faster market entry for global customers and enhancing the company's international presence[44]. Financial Position - Total assets increased by 31.84% to ¥2,708,140,414.04 compared to the end of the previous year[30]. - The company's overseas revenue accounted for over 50% of total revenue, indicating a growing international market presence[30]. - The company's total assets reached approximately 200.77 million yuan, with net assets of about 127.58 million yuan[91]. - The company's total liabilities increased to CNY 1,309,367,796.28, up from CNY 750,830,884.04, reflecting a growth of 74.1%[182]. - The company's total assets reached CNY 2,708,140,414.04, an increase of 31.8% from CNY 2,054,163,643.10[180]. Cash Flow and Investments - The company reported a significant decrease in net cash flow from operating activities, amounting to ¥79,332,283.62, down 63.94% year-on-year[30]. - The company reported a total investment of CNY 10.38 million during the reporting period, a significant decrease of 77.63% from CNY 46.40 million in the same period last year[62]. - The company has a remaining unutilized amount of CNY 364.99 million from the raised funds as of June 30, 2020[65]. - The company reported a total of RMB 18 million in another principal-protected floating-income bank product, with a return rate of 3.80%[79]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this fiscal year[5]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[101]. - A cash dividend of 4.00 CNY per 10 shares was distributed to shareholders, with a total of 134,198,665 shares as the base[120]. - The total number of shares increased from 134,198,665 to 241,557,597 after a capital reserve conversion of 107,358,932 shares[143]. Risks and Challenges - The company faces risks related to external processing and production, which could affect production plans if there are quality or delivery issues[94]. - The company is exposed to foreign exchange risks due to its expanding overseas business and multi-currency settlements[94]. - The impact of the COVID-19 pandemic on the company's business was minimal during the reporting period, but there remains uncertainty regarding future business development due to the global economic impact of the pandemic[95]. - The company has taken measures to manage accounts receivable risks, including a comprehensive management system and purchasing related insurance[94]. Corporate Governance - There were no significant litigation or arbitration matters during the reporting period[109]. - The company has not undergone any bankruptcy restructuring during the reporting period[108]. - The financial report for the first half of 2020 was not audited[176]. - The company has fulfilled all commitments made by its actual controllers and shareholders during the reporting period[102].

Financial Performance - Total revenue for Q1 2020 was CNY 521,255,356.54, representing a 25.57% increase compared to CNY 415,125,890.21 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2020 was CNY 52,045,080.26, up 35.37% from CNY 38,446,421.61 year-on-year[7]. - Net profit excluding non-recurring gains and losses was CNY 47,100,655.88, a 54.25% increase from CNY 30,534,579.41 in the previous year[7]. - Basic earnings per share for Q1 2020 was CNY 0.39, reflecting a 21.88% increase from CNY 0.32 in the same period last year[7]. - The company achieved operating revenue of CNY 521,255,356.54 in Q1 2020, an increase of 25.57% year-on-year[31]. - The net profit attributable to shareholders was CNY 52,045,080.26, representing a 35.37% increase compared to the same period last year[31]. - The total comprehensive income attributable to the parent company was CNY 52,419,559.32, compared to CNY 37,766,542.44 in the same period last year, marking a 38.9% increase[88]. - The total profit for the quarter was CNY 56,551,729.27, an increase of 24.7% from CNY 45,307,945.91 year-over-year[88]. Assets and Liabilities - Total assets at the end of Q1 2020 were CNY 2,381,580,141.09, a 15.94% increase from CNY 2,054,163,643.10 at the end of the previous year[7]. - Cash and cash equivalents decreased by 37.47% to CNY 406,639,726.20 due to cash management impacts[29]. - The total current liabilities increased significantly to CNY 1,020,153,261.28 from CNY 747,705,902.51, marking an increase of approximately 36.4%[75][77]. - The company's accounts receivable at the end of the reporting period amounted to ¥576,170,385.92, accounting for 24.19% of total assets[42]. - The total liabilities rose to ¥1,084,968,322.99 from ¥815,780,547.72, marking an increase of 32.9%[81]. Cash Flow - Net cash flow from operating activities for Q1 2020 was CNY 47,004,540.90, down 66.63% from CNY 140,865,675.38 in the same period last year[7]. - Cash flow from financing activities generated a net inflow of CNY 12,371,638.11, contrasting with a net outflow of CNY 76,125,668.62 in the previous period[97]. - Operating cash inflow totaled CNY 546,436,969.94, an increase from CNY 457,286,812.70 in the previous period[96]. - Total cash inflow from operating activities was CNY 487,425,943.14, compared to CNY 417,321,712.56 previously[100]. Research and Development - R&D expenses increased by 62.43% to CNY 61,363,560.78, attributed to the expansion of the company's scale and workforce[29]. - Research and development expenses for Q1 2020 were ¥61,363,560.78, compared to ¥37,777,395.96 in Q1 2019, showing a growth of 62.5%[84]. - The company has achieved significant milestones in the development and application of 5G+eSIM module products in collaboration with China Unicom, launching the world's first 5G+eSIM modules FG150 and FM150, enhancing security, stability, and usability[33]. Market and Operations - The company enhanced its global marketing efforts, covering regions including South China, East China, North China, Southwest, Hong Kong, India, the USA, and Europe[31]. - The LTE module NL668 received certification from NTT DOCOMO, marking a significant entry into the Japanese market[32]. - The company plans to expand into overseas markets and increase R&D investment to mitigate risks from intensified market competition and potential product substitution by integrated chips[39]. - During the COVID-19 pandemic, the company established a prevention task force and resumed operations promptly, with production and order deliveries remaining normal[37]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,273[10]. - The top shareholder, Zhang Tianyu, holds 44.77% of the shares, amounting to 60,075,000 shares[10]. Risks and Management - The company is facing risks from exchange rate fluctuations due to its expanding overseas business, which may impact operational results[42]. - The company has implemented measures to retain core technical personnel and protect intellectual property, including stock incentives and confidentiality agreements[41]. - The company is actively managing external processing risks by strengthening cooperation with subcontractors and enhancing systematic management[42]. Other Information - The company reported a total fundraising amount of ¥87,452.49 million, with ¥4,000 million (4.57%) of the funds repurposed[47]. - The 4G LTE wireless communication module construction project has achieved 100% completion, with a total investment of ¥9,160.52 million[47]. - The company did not undergo an audit for the first quarter report[103].

Financial Performance - The company's operating revenue for 2018 was CNY 1,249,101,088.60, representing a year-over-year increase of 53.32% compared to CNY 563,304,478.24 in 2017[28]. - The net profit attributable to shareholders for 2018 was CNY 86,796,907.26, reflecting a significant increase of 95.95% from CNY 43,857,380.81 in 2017[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,775,052.47, up 110.13% from CNY 40,209,217.09 in 2017[28]. - The basic earnings per share for 2018 was CNY 0.72, a 94.44% increase from CNY 0.38 in 2017[28]. - The total assets at the end of 2018 amounted to CNY 1,002,910,938.53, which is a 104.82% increase from CNY 614,245,574.50 at the end of 2017[28]. - The net assets attributable to shareholders at the end of 2018 were CNY 448,360,731.41, showing a 190.69% increase from CNY 368,364,358.95 at the end of 2017[28]. - The net cash flow from operating activities for 2018 was negative CNY 8,931,812.61, a significant improvement of 2,598.41% compared to negative CNY 122,835,304.40 in 2017[28]. - The weighted average return on net assets for 2018 was 21.38%, an increase from 14.56% in 2017[28]. - The company achieved total operating revenue of CNY 1,915,070,926.11, representing a year-on-year growth of 53.32%[41]. - Net profit attributable to shareholders reached CNY 170,074,699.67, a significant increase of 95.95% compared to the previous year[41]. - The company reported a comprehensive diluted earnings per share of CNY 1.2673[30]. - In the fourth quarter, operating revenue was CNY 585,768,648.48, with a net profit of CNY 49,554,308.38[30]. - The net cash flow from operating activities was CNY -8,590,977.07 in the fourth quarter, indicating a decline[30]. Accounts Receivable and Inventory Management - The company's accounts receivable at the end of the reporting period amounted to ¥547,532,150.78, accounting for 26.65% of total assets[11]. - The company has implemented a comprehensive accounts receivable management system to mitigate risks associated with large receivables[11]. - Accounts receivable rose to ¥547,532,150.78, accounting for 26.65% of total assets, a decrease of 6.93% from the previous year's 33.58%, driven by increased revenue[82]. - Inventory increased by 70.32%, with a net increase of ¥7,328.94 million, attributed to the expansion of sales scale during the reporting period[44]. - The inventory of wireless communication modules increased by 169.80% to 1,061,098 units, attributed to expanded sales scale[64]. - Inventory increased to ¥177,531,127.84, making up 8.64% of total assets, down from 10.38%, reflecting a rise in sales volume[82]. Research and Development - The company plans to enhance its research and development investment to achieve rapid technological upgrades and improve product competitiveness[5]. - The company invested significantly in R&D and marketing, which contributed to the growth in new product development and market recognition[41]. - The R&D team has grown to over 60% of the total workforce, with a focus on continuous innovation and collaboration with leading technology companies[46]. - R&D expenditure reached ¥204,377,161.58, accounting for 10.67% of revenue, representing an 84.52% increase year-over-year[56]. - Total R&D investment reached ¥204,377,161.58, accounting for 10.67% of operating revenue[75]. - The company launched 5G wireless communication modules FG150 and FM150, supporting various global mobile communication networks[71]. - The company introduced the L860 ultra-high-speed LTE communication module, meeting customer demands for high-speed connectivity[71]. Market Expansion and Competition - The company aims to expand its overseas market presence and increase new profit sources in response to intensified market competition[5]. - The company is focused on maintaining its market position despite the emergence of integrated chips that could potentially replace its main wireless communication module products[6]. - Overseas revenue accounted for over 60% of total revenue, reflecting the company's expanding international market presence[41]. - Overseas revenue amounted to ¥1,158,948,848.89, reflecting an 88.46% increase compared to the previous year[62]. - The company continues to invest in narrowband IoT communication modules to meet the growing demand for low-cost, low-power communication solutions[74]. Shareholder and Dividend Information - The profit distribution plan approved by the board of directors proposes a cash dividend of ¥4 per 10 shares (including tax) and a capital reserve increase of 8 shares per 10 shares[12]. - The total cash dividend for 2019 was 53,679,466 yuan, accounting for 31.56% of the net profit attributable to ordinary shareholders[129]. - The cash dividend for 2018 was 30,297,150 yuan, which was 34.91% of the net profit attributable to ordinary shareholders[132]. - The company has a controlling shareholder, Zhang Tianyu, who directly holds 6,007,500 shares, accounting for 44.76% of the total share capital[28]. Corporate Governance and Compliance - The company has committed to enhancing internal control systems and governance to improve overall management[125]. - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for a period of 36 months from the listing date[141]. - The company has established a price stabilization plan to maintain its stock price above the net asset value per share for three years post-IPO[152]. - The company will announce any share transfer intentions at least three trading days in advance[139]. - The company has a commitment to ensure that new directors and senior management sign the price stabilization commitment upon their appointment[152]. - The company will legally repurchase all newly issued shares if the prospectus contains false records, misleading statements, or significant omissions that materially affect the judgment of whether the issuer meets the legal issuance conditions[159]. - The company will compensate investors for losses incurred due to false records, misleading statements, or significant omissions in the prospectus[162]. - There are no non-operating fund occupations by the controlling shareholder or its related parties during the reporting period[177]. - The company has committed to not providing financial assistance, including loans or guarantees, to incentive objects for obtaining stock options or restricted stocks[175]. - The company has made long-term commitments to fulfill obligations regarding compensation measures and to avoid conflicts of interest in business operations[171]. Investment and Project Updates - The company reported a significant investment of ¥65,621,008.40 during the period, a 293.73% increase compared to ¥16,666,667.00 in the previous year[86]. - The cumulative amount of raised funds directly invested in projects reached ¥15,762.15 million by the end of the reporting period[90]. - The company achieved a total investment of RMB 87,452.49 million in various projects, with a completion rate of 22,296.22 million, representing 25.4% of the total investment[98]. - The 4G LTE wireless communication module project reached a completion rate of 100%, with total investment amounting to RMB 9,160.52 million[94]. - The vehicle-grade wireless communication module project only achieved 68.11% of its expected benefits due to delays in industry investments[104]. - The IoT mobile terminal solution project was completed with a total investment of RMB 3,015.02 million, achieving a 100% completion rate[94]. - The company’s investment in the IoT R&D center project was completed with a total investment of RMB 899.45 million, achieving a 100% completion rate[94]. - The company’s 5G communication technology industrialization project has a total investment of RMB 22,887.90 million, but it is not applicable for completion status[104].

Financial Performance - Operating revenue for the period was CNY 470,250,570.40, representing a year-on-year increase of 43.89%[7] - Net profit attributable to shareholders was CNY 39,938,831.89, up 12.20% from the previous year[7] - The net profit after deducting non-recurring gains and losses was CNY 39,676,765.86, reflecting a 19.77% increase[7] - Basic earnings per share were CNY 0.3328, a rise of 12.20% year-on-year[7] - The company's net profit for the reporting period increased by 51.23% to ¥266,293,533.53, compared to ¥176,086,102.41 in the previous year[23] - The net profit for the current period was CNY 34,578,010.27, representing a 61.6% increase from CNY 13,274,422.05 in the same period last year[57] - The net profit attributable to the parent company was CNY 120,520,391.29, which is a 108.7% increase from CNY 57,773,483.82 in the previous period[61] Assets and Liabilities - Total assets reached CNY 1,272,480,598.48, an increase of 26.88% compared to the end of the previous year[7] - Current assets totaled CNY 1,087,127,086.02, compared to CNY 911,494,960.65 in the previous period, reflecting an increase of about 19.2%[35] - Non-current assets rose to CNY 185,353,512.46 from CNY 91,415,977.88, marking a significant increase of approximately 102.5%[35] - Total liabilities reached CNY 719,616,173.58, compared to CNY 554,550,207.12, which is an increase of about 29.9%[37] - The company's equity attributable to shareholders increased to CNY 552,864,424.90 from CNY 448,360,731.41, showing a growth of approximately 23.3%[39] - Accounts payable surged to CNY 392,591,242.16, up from CNY 255,271,690.03, indicating a growth of around 54%[37] Cash Flow - Cash flow from operating activities showed a significant increase, reaching CNY 231,744,523.31, up 985.84%[7] - The net cash flow from operating activities improved significantly to ¥231,744,523.31, a 985.84% increase from a negative cash flow of ¥26,160,984.45 in the previous year[25] - Cash inflow from operating activities totaled ¥1,393,646,978.52, compared to ¥834,142,404.84 in the previous period, marking an increase of 67.5%[70] - The net cash flow from operating activities for Q3 2019 was ¥231,744,523.31, a significant improvement compared to a net outflow of ¥26,160,984.45 in the same period last year[72] Research and Development - Research and development expenses rose by 76.26% to ¥143,625,818.77, compared to ¥81,485,434.67 in the previous year, as the company accelerated its investment in the IoT sector[25] - Research and development expenses for Q3 2019 amounted to CNY 55,310,805.19, which is a 104.4% increase from CNY 27,107,698.38 in the previous year[47] - Research and development expenses increased to ¥68,776,154.41, compared to ¥44,746,376.22 in the previous period, reflecting a rise of 53.7%[66] Shareholder Information - The top shareholder, Zhang Tianyu, holds 49.57% of the shares, with a total of 60,075,000 shares[12] - The company has 15,098 total common shareholders at the end of the reporting period[12] Government Support - The company received government subsidies amounting to CNY 11,756,827.03 during the reporting period[7] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[56]

Financial Performance - The company achieved total revenue of ¥859,051,707.23, representing a 59.37% increase compared to the same period last year[33]. - Net profit attributable to shareholders reached ¥80,581,559.40, a significant increase of 263.37% year-over-year[33]. - The net profit after deducting non-recurring gains and losses was ¥71,362,045.98, reflecting a 218.38% increase from the previous year[33]. - The net cash flow from operating activities was ¥220,012,348.85, a remarkable turnaround from a negative cash flow of -¥56,843,678.67 in the same period last year, marking a 487.05% increase[33]. - Basic earnings per share rose to ¥0.6649, up 259.79% from ¥0.1848 in the previous year[33]. - The company's total assets increased by 19.52% to ¥1,198,650,305.06 compared to the end of the previous year[33]. - The net assets attributable to shareholders grew by 13.08% to ¥507,006,087.66 from the previous year[33]. - The company received government subsidies amounting to ¥11,406,745.56, contributing to the increase in net profit[28]. - The overseas revenue accounted for over 50% of the total revenue, indicating a strong expansion in international markets[32]. Research and Development - The company invested ¥88,315,013.58 in R&D, accounting for 10.28% of its revenue during the reporting period[44]. - The company holds a total of 24 invention patents, 39 utility model patents, and 35 software copyrights as of June 30, 2019[45]. - The company has maintained a focus on the Internet of Things (IoT) sector, with products applied in various fields such as mobile payments and smart grids[31]. - Research and development expenses increased by 62.41% to ¥88,315,013, driven by the company's efforts to seize opportunities in the IoT industry[48]. - The company is committed to enhancing its research and development efforts to improve product competitiveness and address market challenges[77]. Market Strategy - The company has established a sales model that combines direct sales and agency channels to enhance market coverage[45]. - The company has developed customized services and collaborative development with clients to meet complex IoT application requirements[37]. - The company is focused on expanding its market presence and enhancing its core capabilities in IoT solutions, including terminal and cloud platform services[44]. - The company plans to expand its overseas market presence and increase new revenue sources to mitigate risks from intensified market competition[77]. Shareholder Information - The company's major shareholder, Zhang Tianyu, directly holds 60.075 million shares, accounting for 49.57% of the total share capital[13]. - The total number of shares before the change was 121,188,600, with 67.08% being restricted shares[115]. - The number of unrestricted shares was 39,900,000, accounting for 32.93% of the total shares[115]. - The largest shareholder, Zhang Tianyu, holds 49.57% of the shares, totaling 60,075,000[117]. - The second-largest shareholder, Shenzhen Guanghe Chuangtong Investment Enterprise, holds 9.91% with 12,015,000 shares[117]. - The company reported no changes in the number of shares held by major shareholders during the reporting period[121]. Financial Management - The company reported a significant increase in income tax expenses, which rose by 648.15% to ¥10,531,862.25 due to higher net profits[48]. - The net increase in cash and cash equivalents was ¥46,670,149.67, a decrease of 23.46% compared to the previous period, primarily due to short-term loan repayments[48]. - The company’s investment activities resulted in a net cash outflow of ¥75,853,301.82, reflecting increased capital expenditures on long-term assets[48]. - Short-term borrowings decreased by 14.41% to ¥75,656,510.17, as the company repaid maturing loans[51]. - The company reported a cash inflow from tax refunds of ¥87,439,780.23, significantly higher than ¥16,842,221.82 in the previous year, reflecting an increase of approximately 418%[164]. Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[191]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[194]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[195]. - The company has not undergone any bankruptcy restructuring during the reporting period, maintaining operational stability[88]. - The company reported no significant litigation or arbitration matters during the reporting period[89]. Operational Highlights - The company has a total of 100% ownership in several subsidiaries, including FIBOCOM WIRELESS INC. and FIBOCOM WIRELESS (EUROPE) LIMITED[13]. - The company operates under the stock code 300638 on the Shenzhen Stock Exchange[18]. - The report period covers from January 1, 2019, to June 30, 2019[15]. - The number of employees reached 690, with over 50% being R&D personnel, and 80% holding a bachelor's degree or higher[44]. - The company has not reported any changes in its registered address or contact information during the reporting period[20].