Financial Performance - The company reported a total revenue of 237.94 million RMB for the year 2019, marking a year-on-year increase of 10%[4]. - The company's operating revenue for 2019 was ¥535,534,119.30, representing a 4.30% increase compared to ¥513,451,585.24 in 2018[17]. - The net profit attributable to shareholders for 2019 was ¥11,631,848.58, which is a 16.75% increase from ¥9,962,902.07 in 2018[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged to ¥6,544,718.26, an increase of 8,469.63% compared to ¥76,371.04 in 2018[17]. - The total assets at the end of 2019 were ¥1,295,886,638.28, a 1.18% increase from ¥1,280,805,806.24 at the end of 2018[17]. - The net assets attributable to shareholders increased by 7.10% to ¥618,472,907.49 at the end of 2019 from ¥577,457,201.14 at the end of 2018[17]. - The company reported a basic earnings per share of ¥0.05 for 2019, a 25.00% increase from ¥0.04 in 2018[17]. - The company achieved total operating revenue of ¥535,534,119.30, an increase of 4.30% compared to the same period last year[33]. - Operating profit was ¥18,671,195.61, a decrease of 22.73% year-on-year, while net profit attributable to shareholders increased by 16.75% to ¥11,631,848.58[33]. - The company maintained a gross profit margin of 39.42% for the year, with a slight increase of 8.14% compared to the previous year[82]. Profit Distribution - The profit distribution plan includes a cash dividend of 0.1 RMB per 10 shares, totaling approximately 2.38 million RMB[4]. - The total cash dividend amount for the current year is RMB 2,379,404.08, which represents 100% of the profit distribution total[152]. - The company plans to distribute at least 10% of its annual distributable profits as cash dividends if there are no major capital expenditure arrangements, with a cumulative distribution of at least 30% of the average annual distributable profits over the last three years[146]. - The company’s profit distribution plan is consistent with its articles of association and relevant regulations[151]. - The company’s cash dividend policy allows for adjustments based on changes in the operating environment, requiring approval from the board and a two-thirds majority at the shareholders' meeting[150]. - The company’s cash dividend distribution for 2017 included RMB 1.25 per share, totaling RMB 15 million, with no capital reserve fund increase[153]. - For 2019, the proposed cash dividend is RMB 0.10 per 10 shares, amounting to RMB 2,379,404.08, with a capital reserve conversion of 5 shares for every 10 shares, increasing total share capital to 356,910,612 shares[154]. - In 2019, cash dividends represented 20.46% of the net profit attributable to ordinary shareholders, compared to 35.83% in 2018[156]. Research and Development - The company is focused on research and development of new technologies to maintain competitive advantage in the market[4]. - The company focuses on the research and development of new cooling systems and LED lighting products, with applications in various sectors including consumer electronics and new energy vehicles[27]. - The company has a strong R&D team with numerous experienced professionals, including national-level industrial designers, ensuring continuous innovation and stability in development[57]. - The company is actively investing in R&D, holding a total of 459 valid patents and 35 registered trademarks as of December 31, 2019[72]. - R&D investment for 2019 amounted to ¥30,133,042.54, accounting for 5.63% of operating revenue, a slight decrease from 5.89% in 2018[93]. - The number of R&D personnel increased to 146, representing 17.94% of the total workforce, up from 13.98% in 2018[93]. - The company is focusing on the 5G cooling industry, with ongoing R&D in new cooling devices for 5G equipment since 2018[65]. - The company has developed innovative production processes, improving product quality and reducing production costs[60]. Market Expansion and Strategy - Future development strategies include expanding into new markets and enhancing product offerings in the LED industry[4]. - The company is actively expanding its overseas market presence and enhancing its sales channel construction[32]. - The company has expanded its product applications into 5G mobile devices, smart city projects, and thermal management for new energy vehicles[28]. - The company is positioned as a leader in the LED lighting and cooling solutions market, leveraging its technological advantages to provide comprehensive solutions[35]. - The company has established a strong presence in various application scenarios, including sports lighting for international events and smart education lighting solutions, contributing to projects like the Wuhan Military Games and educational lighting renovations in Hubei and Zhejiang provinces[42]. - The company has expanded its marketing network both domestically and internationally, responding to the "Belt and Road" initiative by establishing a subsidiary in Belarus, ensuring efficient customer service and market expansion[50]. - The company plans to focus on the 5G cooling industrial park project to meet the rising demand for cooling solutions in 5G smartphones and base stations[130]. - The company aims to expand its market presence in Southeast Asia, targeting a 10% market share by 2021[165]. Governance and Compliance - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring transparency for investors[4]. - The company is committed to adhering to the disclosure requirements set by the Shenzhen Stock Exchange[4]. - The company has a strong governance structure in place, with all board members present for the meeting to approve the annual report[4]. - The company emphasizes the importance of maintaining shareholder confidence through these commitments and strategies[174]. - The company has committed to transparency and accountability in case of any discrepancies in the prospectus, including potential compensation for affected investors[189]. - The company has established a comprehensive internal control system to enhance governance and provide institutional support for its development[187]. Risks and Challenges - The company emphasizes the importance of risk management and has outlined measures to mitigate potential operational risks in its report[4]. - The company recognizes potential risks from macroeconomic slowdowns, declining downstream market demand, and material price fluctuations, which may impact its operations[187]. - The company is facing intensified competition in the LED lighting and consumer electronics sectors, which could significantly impact sales and operational performance[137]. - The company is actively monitoring exchange rate fluctuations and optimizing its loan structure to mitigate financial risks associated with currency and interest rate changes[141]. Shareholder Commitments - The company has committed to fulfilling all promises made by actual controllers and shareholders during the reporting period[157]. - The company’s shareholders are required to announce any share reduction plans at least 3 trading days in advance[175]. - The company has committed to not selling shares during the lock-up period and will limit any future sales to 20% of their holdings per year[177]. - The company will ensure that any share sales post-lock-up will not be below the initial public offering price[177]. - The company has established a policy for its directors and senior management to limit share transfers to 25% of their holdings annually during their tenure[179]. - The company has made commitments regarding the repurchase of shares in case of misleading statements in the prospectus, ensuring investor protection[189].

Financial Performance - Operating revenue for the reporting period was CNY 122,514,219.09, down 9.59% year-on-year, and CNY 345,539,699.86 for the year-to-date, down 10.00% compared to the same period last year[8] - Net profit attributable to shareholders was CNY 3,520,594.03, a decrease of 25.24% year-on-year, and CNY 12,084,793.81 for the year-to-date, down 12.74% compared to the same period last year[8] - The basic earnings per share for the reporting period was CNY 0.01, a decrease of 50.00% year-on-year, while the diluted earnings per share was CNY 0.01, an increase of 200.00% year-on-year[8] - The company's net profit for Q3 2019 was CNY 2.48 million, compared to a net profit of CNY 5.47 million in Q3 2018[43] - The net profit attributable to the parent company was CNY 12.08 million, down from CNY 13.85 million year-on-year, reflecting a decline of 12.7%[53] - The total profit for the period was CNY 2.95 million, compared to CNY 33.75 million in the same quarter last year, indicating a significant decline[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,240,191,120.92, a decrease of 3.17% compared to the end of the previous year[8] - The company's total assets as of September 30, 2019, amounted to CNY 1.27 billion, up from CNY 1.20 billion at the end of 2018[39] - The company's total current liabilities increased to CNY 345,280,000.00 from CNY 324,281,981.95, showing an increase of about 6.2%[34] - Total liabilities decreased to CNY 630.45 million from CNY 690.98 million year-over-year[36] - The equity attributable to shareholders of the parent company increased to CNY 597.89 million, compared to CNY 577.46 million in the previous year[36] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 10,771,406.99, an increase of 147.57% compared to the same period last year[8] - Cash flow from operating activities was CNY 343.87 million, compared to CNY 460.92 million in the previous year, indicating a decrease in cash inflow[59] - The net cash flow from operating activities for Q3 2019 was ¥10,771,406.99, a significant improvement compared to a net outflow of ¥22,641,698.61 in the same period last year[60] - Total cash inflow from operating activities was ¥523,957,847.69, slightly lower than ¥535,456,414.00 in the previous year[64] - The company experienced a net decrease in cash and cash equivalents of ¥105,146,162.04 during the quarter, compared to a decrease of ¥54,642,372.16 in the same quarter last year[65] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,148[12] - The top shareholder, Liu Yu, held 22.80% of the shares, amounting to 54,270,000 shares, with 26,750,000 shares pledged[12] - The company distributed a cash dividend of CNY 0.15 per share, totaling CNY 3,569,713.62, based on a total share capital of 237,980,908 shares[25] Investments and Expenses - Research and development expenses increased to CNY 16.10 million, up 44.4% from CNY 11.17 million in the previous year[56] - Financial expenses rose by 83.98% to ¥18,754,069.50 from ¥10,193,721.40, primarily due to increased financing costs compared to the previous year[17] - Investment income decreased by 385.06% to -¥2,440,517.81 from ¥856,152.68, mainly due to the performance decline of an associated subsidiary impacted by market conditions[17] Other Key Developments - The company established a new subsidiary, "Huizhou Super Frequency Three All-Week Light Intelligent Lighting Technology Co., Ltd." with a registered capital of ¥10 million, holding 70% equity[21] - The company completed the construction project of the R&D center and has canceled the special account for raised funds as of September 2019[19] - The company approved the adjustment of the 2017 restricted stock incentive plan, with the first lock-up period conditions being met, allowing for the release of 540,000 restricted shares[20] - The company reported no violations regarding external guarantees during the reporting period[27] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[28] - The company has not made any adjustments to its profit distribution policy during the reporting period[25]

Financial Performance - Total operating revenue for the first half of 2019 was CNY 223,025,480.77, a decrease of 10.22% compared to CNY 248,419,634.47 in the same period last year[20]. - Net profit attributable to shareholders of the listed company was CNY 8,564,199.78, down 6.29% from CNY 9,139,284.36 year-on-year[20]. - Net profit after deducting non-recurring gains and losses was CNY 5,144,595.39, a decline of 21.88% compared to CNY 6,585,558.10 in the previous year[20]. - The company's revenue for the reporting period was RMB 223,025,480.77, a decrease of 10.22% compared to RMB 248,419,634.47 in the same period last year[67]. - Net profit for the first half of 2019 was CNY 6,677,968.04, a significant decline of 64.8% from CNY 18,939,602.01 in the previous year[192]. - The total comprehensive income for the first half of 2019 was CNY 7,719,671.56, down from CNY 18,939,602.01 in the same period of 2018[193]. - The total comprehensive income for the first half of 2019 was a loss of CNY 7.17 million, compared to a gain of CNY 4.04 million in the first half of 2018[197]. Cash Flow and Assets - Net cash flow from operating activities increased significantly to CNY 65,269,553.04, compared to a negative cash flow of CNY -53,152,786.09 in the same period last year, representing a 222.80% improvement[20]. - The company's cash and cash equivalents decreased by 46.25% compared to the beginning of the period, primarily due to loan repayments during the reporting period[39]. - Cash and cash equivalents at the end of the reporting period amounted to ¥134,220,220.6, representing 11.44% of total assets, a decrease of 8.06% compared to the previous year due to loan repayments[76]. - The cash flow from operating activities generated a net cash inflow of CNY 65.27 million, a turnaround from a net outflow of CNY 53.15 million in the same period last year[200]. - The cash outflow from investing activities was CNY 31.44 million, a decrease from CNY 73.76 million in the same period of 2018, showing improved cash management[200]. - The cash inflow from financing activities was CNY 140.69 million, slightly lower than CNY 152.81 million in the first half of 2018[200]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,173,431,449.70, down 8.38% from CNY 1,280,805,806.24 at the end of the previous year[20]. - Total liabilities decreased from CNY 690,977,550.67 to CNY 567,632,384.45, a decline of around 17.8%[184]. - Owner's equity increased from CNY 589,828,255.57 to CNY 605,799,065.25, an increase of about 2.4%[184]. - Inventory decreased from CNY 107,678,129.81 to CNY 94,560,472.18, a decline of approximately 12.5%[182]. - Accounts receivable stood at ¥143,767,826.4, accounting for 12.25% of total assets, with a slight increase of 0.90% year-on-year[76]. Research and Development - Research and development expenses increased by 24.11% to RMB 14,867,750.32, attributed to new office rent and related management costs[67]. - The company has obtained a total of 51 new patents in the first half of 2019, bringing the total number of effective authorized patents to 409[51]. - The company has a well-established R&D team and a mature technology system, which supports continuous innovation in new products and processes[51]. Market and Business Strategy - The main business of the company is the research, production, and sales of new cooling devices for electronic products, with applications in LED lighting, consumer electronics, and new energy vehicles, indicating a broad market potential[27]. - The company has expanded its product applications into 5G mobile devices, smart city projects, and new energy vehicle thermal management, with a focus on smart education lighting and engineering lighting as key areas for future development[28]. - The company operates a research-driven profit growth model, continuously innovating products to meet emerging market demands, ensuring sustainable profitability[32]. - The company employs a mixed sales model that includes direct sales, distribution, and an integrated online and offline sales approach, enhancing its market responsiveness[35]. Risks and Challenges - The company faces various operational risks, which are discussed in detail in the report[5]. - The company faces risks from intensified industry competition, which could significantly impact sales and overall performance[101]. - Government subsidies accounted for over 30% of the company's total profit during the reporting period, raising concerns about sustainability[103]. - The company's accounts receivable amounted to RMB 143.77 million, posing potential liquidity risks if customer financial conditions deteriorate[104]. Corporate Governance and Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period, nor did it increase capital through capital reserves[110]. - The company held two temporary shareholder meetings and one annual shareholder meeting during the reporting period, with investor participation rates of 65.52% and 65.51%[109]. - The company has no major litigation or arbitration matters during the reporting period[115]. - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[112]. Subsidiaries and Investments - The subsidiary Zhejiang Jiongdai Energy Technology Co., Ltd. generated a net profit of RMB 19.89 million, contributing significantly to the company's overall performance[99]. - The subsidiary Huizhou Chaoqing San Optoelectronics Technology Co., Ltd. reported a net loss of RMB 3.69 million, indicating challenges in its operations[99]. - The company has established several new subsidiaries, including "Hunan Chaowo Technology Co., Ltd." with a 49% stake and "Hubei Chaoping San Technology Industry Co., Ltd." with a 40% stake, both completed in 2019[152].

Financial Performance - The company reported a total revenue of RMB 237,980,908 for the year 2018, with a cash dividend of RMB 0.15 per 10 shares[5]. - The company's operating revenue for 2018 was ¥513,451,585.24, representing a 24.89% increase compared to ¥411,135,301.96 in 2017[18]. - The net profit attributable to shareholders decreased by 70.29% to ¥9,962,902.07 from ¥33,530,620.98 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥76,371.04, a decline of 99.70% from ¥25,581,823.77 in 2017[18]. - The total assets at the end of 2018 were ¥1,280,805,806.24, an 18.10% increase from ¥1,084,528,437.33 at the end of 2017[18]. - The company's total net assets attributable to shareholders increased by 13.72% to ¥577,457,201.14 from ¥507,785,989.84 in 2017[18]. - The company achieved operating revenue of 513.45 million yuan, an increase of 24.89% compared to the previous year[38]. - Total revenue for 2018 reached ¥513,451,585.24, representing a year-on-year increase of 24.89% compared to ¥411,135,301.96 in 2017[71]. - Revenue from the industrial sector was ¥475,804,040.71, accounting for 92.67% of total revenue, with a year-on-year growth of 18.25%[74]. - The gross profit margin for total revenue was 31.28%, slightly down by 0.17% compared to the previous year[74]. Dividend Distribution - The company plans to distribute a cash dividend to all shareholders based on the total shares outstanding, with no bonus shares issued[5]. - For the fiscal year 2018, the company plans to distribute cash dividends of RMB 0.15 per share, totaling RMB 3,569,713.62[156]. - The cash dividend distribution for 2017 was RMB 1.00 per share, amounting to RMB 12,295,500, with a capital reserve increase of 8 shares for every 10 shares held[155]. - The company’s cash dividend for 2018 represents 35.83% of the net profit attributable to ordinary shareholders[157]. - The company plans to distribute cash dividends of no less than 20% of the distributable profits each year, ensuring a stable return for shareholders[194]. Research and Development - The company has achieved significant recognition, including awards such as the Guangdong Provincial Science and Technology Award and the Shenzhen Science and Technology Progress Award, establishing a strong brand influence in the industry[52]. - The company has obtained a total of 361 patents, including 39 invention patents, with 73 new patents acquired in 2018, demonstrating its commitment to innovation and R&D[56]. - The company is focusing on R&D in specialized lighting products, with new sports lighting fixtures achieving a maximum power of 1200W-1500W, leading the industry[66]. - Research and development investment increased by 20% to 200 million RMB, aimed at advancing new technologies[163]. - The company plans to invest significantly in R&D, with plans to continue increasing investment in new product development, including smart education lighting and battery thermal management systems[139]. Market Expansion and Strategy - The company is focusing on expanding its product applications in LED lighting, consumer electronics, and new energy vehicles, with significant R&D efforts in smart education lighting and smart city projects[29]. - The company established strategic partnerships to explore smart lighting projects, aiming to replicate successful business models in other regions[38]. - The company plans to deepen its overseas market expansion, particularly in the Eurasian region, responding to the "Belt and Road" initiative[135]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[165]. - The company aims to launch three new products in 2019, which are anticipated to contribute an additional 300 million RMB in revenue[169]. Financial Management and Control - The board of directors has ensured the accuracy and completeness of the financial report, taking legal responsibility for any misstatements[4]. - Internal control management has been strengthened, with new regulations established to prevent fund misuse by major shareholders and improve operational efficiency[68]. - The company will optimize its loan structure and reduce financing costs to improve financial efficiency[148]. - The company aims to improve its internal control systems and management efficiency through enhanced information technology and process standardization[141]. - The company will closely monitor RMB exchange rate fluctuations and establish a comprehensive risk identification and response mechanism[148]. Risks and Challenges - The company has outlined potential risks and countermeasures in its future development outlook section[5]. - The company acknowledges risks from intensified industry competition and potential challenges in integrating newly acquired companies[142]. - The company reported accounts receivable of 145.36 million yuan at the end of 2018, indicating potential risks related to bad debts as business scales up[146]. - The overall financial health of the company is under pressure due to losses in certain subsidiaries, necessitating strategic adjustments to improve profitability[115]. Corporate Governance - The company has established a robust governance structure to enhance operational efficiency and compliance[168]. - The management emphasized the importance of maintaining independent financial operations, ensuring no interference from controlling entities[168]. - The company is subject to regulatory requirements from the China Securities Regulatory Commission regarding share lock-up periods[160]. - The company has committed to transparency in its financial reporting, ensuring all information provided is accurate and complete[175]. Acquisitions and Investments - The company acquired 49% of the remaining shares in its subsidiary, Jiongdai Energy, and 60% of Zhongtou Optoelectronics, expanding its LED lighting and energy-saving services[64]. - The company has made strategic acquisitions, including a 60% stake in Zhongtou Optoelectronics, to enhance its competitive edge in the LED lighting sector[143]. - The company is engaged in the acquisition of a 49.5% stake in Yunnan Xibin New Materials Co., Ltd. for CNY 99,102,900[103]. - The company plans to invest the net proceeds from fundraising into the construction of a radiator production base and a research and development center, prioritizing these projects based on urgency[189].

Financial Performance - Total operating revenue for Q1 2019 was CNY 120,408,871.60, representing a 1.60% increase compared to CNY 118,516,696.37 in the same period last year[8]. - Net profit attributable to shareholders was CNY 5,562,175.84, a decrease of 3.35% from CNY 5,754,953.78 year-on-year[8]. - Net profit excluding non-recurring gains and losses was CNY 4,880,098.34, reflecting a 2.75% increase from CNY 4,749,616.63 in the previous year[8]. - The basic earnings per share decreased to CNY 0.02, down 33.33% from CNY 0.03 in the same period last year[8]. - The weighted average return on equity was 0.96%, down from 1.13% in the previous year[8]. - The company reported a net profit for the first quarter of 2019 of -4,196,315.16 CNY, compared to a net profit of 3,219,161.18 CNY in the same period last year, indicating a significant decline[57]. - Operating profit for the first quarter was -4,884,748.16 CNY, down from 3,325,794.55 CNY in the previous year[57]. - The company reported a total comprehensive income of -4,196,315.16 CNY for the quarter, compared to 3,219,161.18 CNY in the same period last year[58]. Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to CNY 13,916,822.76, a 134.63% increase from a negative CNY 40,192,565.72 in the same period last year[8]. - The company's cash and cash equivalents decreased, impacting liquidity, with total current liabilities rising to CNY 510,467,017.32 from CNY 408,164,989.67[50]. - The net cash flow from financing activities was 32,670,971.61, compared to -3,199,077.29 in the previous year, showing a positive shift in financing[65]. - The company received 57,292,100.00 CNY from borrowings, a significant increase from 7,312,881.95 CNY in the previous year[62]. - The company paid 28,476,893.62 CNY to repay debts, compared to 17,315,096.07 CNY in the previous year[62]. - Cash and cash equivalents at the end of the period totaled 253,957,681.20 CNY, up from 238,688,185.31 CNY at the end of the previous year[62]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,296,573,294.25, up 1.23% from CNY 1,280,805,806.24 at the end of the previous year[8]. - Total current assets increased to CNY 630,407,712.87 from CNY 624,606,064.20, a growth of approximately 0.13%[43]. - Total liabilities reached CNY 698,742,687.14, compared to CNY 690,977,550.67, indicating a growth of about 1.1%[44]. - The company's total liabilities increased to CNY 626,980,363.86 from CNY 532,533,880.05, representing a growth of 17.7%[50]. - Owner's equity totaled CNY 597,830,607.11, up from CNY 589,828,255.57, representing an increase of approximately 1.7%[45]. Research and Development - Research and development expenses increased by 32.05% year-on-year, reflecting the company's commitment to enhancing R&D investment[18]. - Research and development expenses for Q1 2019 were CNY 7,270,103.96, an increase of 32.1% compared to CNY 5,505,577.16 in the previous period[51]. - The company obtained 24 new authorized patents during the reporting period, including 1 invention patent, 17 utility model patents, and 6 design patents[21]. Strategic Initiatives - The company has engaged in acquisitions to enhance its market presence, including the acquisition of 60% and 49.5% stakes in other companies to strengthen its competitive position[23]. - The company plans to enhance service capabilities and adapt to diverse customer requirements while strengthening quality and cost control[25]. - The company aims to improve market competitiveness by expanding into niche markets, leveraging scale, advanced technology, and high-quality service[25]. - The company has implemented measures to strengthen accounts receivable management and establish a customer credit assessment system[25]. Financial Management - The company is focusing on optimizing its loan structure and reducing financing costs to improve financial efficiency[26]. - The company’s financial expenses increased by 41.71% year-on-year, attributed to a higher bank loan balance leading to increased interest costs[18]. - The company has reduced its investment in the equity investment fund from RMB 100 million to RMB 5 million[28]. Project Updates - The "Radiator Production Base" project has achieved 100.00% of its planned investment of 16,710.55 million yuan, with a total investment of 16,710.55 million yuan[35]. - The "R&D Center Construction Project" has seen 67.44% of its planned investment of 3,216.42 million yuan, totaling 2,169.02 million yuan invested[35]. - The company has adjusted the implementation progress of the "R&D Center Construction Project" to June 30, 2019, due to market environment changes[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,349[11]. - The company completed the share reduction plans of major shareholders and executives as disclosed in multiple announcements[29].

深圳市超频三科技股份有限公司 2018 年第三季度报告全文 深圳市超频三科技股份有限公司 2018 年第三季度报告 2018-122 2018 年 10 月 1 深圳市超频三科技股份有限公司 2018 年第三季度报告全文 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。 公司负责人杜建军、主管会计工作负责人雷金华及会计机构负责人(会计主 管人员)雷金华声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市超频三科技股份有限公司 2018 年第三季度报告全文 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 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,231,541,900.22 | 1,084,528,437.33 | | 13.56% | | 归属于上市公司股东的 ...

Financial Performance - Total revenue for the first half of 2018 was CNY 248,419,634.47, representing a 63.43% increase compared to CNY 152,000,296.65 in the same period last year[20]. - Net profit attributable to shareholders decreased by 54.61% to CNY 9,139,284.36 from CNY 20,135,261.78 year-on-year[20]. - Net profit after deducting non-recurring gains and losses fell by 66.50% to CNY 6,585,558.10 compared to CNY 19,658,830.91 in the previous year[20]. - Basic earnings per share dropped by 80.95% to CNY 0.04 from CNY 0.21 year-on-year[20]. - Diluted earnings per share decreased by 85.71% to CNY 0.03 compared to CNY 0.21 in the same period last year[20]. - The weighted average return on net assets was 1.66%, down from 6.39% in the previous year, a decline of 4.73%[20]. - The main business revenue continued to grow, but net profit attributable to shareholders decreased due to increased expenses from stock incentives, R&D, and market expansion[63]. - The company reported a significant increase in accounts receivable, totaling CNY 145,646,123.4, which is 12.45% of total assets, reflecting growth in sales and new customer contracts[77]. - The company incurred a net investment loss of CNY -113,599.77, representing -0.59% of total profit, primarily from investments in Huizhou Geshile[74]. - The company reported a total of CNY 40,104,006.51 in other non-current assets, up from CNY 1,759,935.37, indicating a substantial increase[186]. Cash Flow and Operating Activities - The net cash flow from operating activities was negative at CNY -53,152,786.09, worsening by 58.68% from CNY -33,495,690.64 in the prior year[20]. - Cash flow from operating activities decreased by 58.69% to -CNY 53.15 million, attributed to increased working capital investments[68]. - Cash and cash equivalents increased to CNY 305,721,096.7, making up 26.13% of total assets, a decrease of 13.81% compared to the previous year[77]. - The company's cash and cash equivalents rose to CNY 243,223,610.11, up from CNY 182,477,727.15, representing a growth of about 33.3%[190]. Assets and Liabilities - Total assets increased by 7.89% to CNY 1,170,060,085.05 from CNY 1,084,528,437.33 at the end of the previous year[20]. - Total liabilities increased to CNY 483,340,145.09 from CNY 368,631,323.86, marking an increase of approximately 31.1%[192]. - Short-term borrowings rose to CNY 303,112,881.9, representing 25.91% of total liabilities, due to new bank loans taken during the reporting period[77]. - The company's long-term borrowings decreased to CNY 57,250,000.00 from CNY 60,113,459.80, indicating a reduction of approximately 4.7%[192]. Revenue Breakdown - Revenue from LED lighting heat dissipation components was 97.27 million yuan, a decrease of 2.32% compared to the previous year[47]. - Revenue from consumer electronics heat dissipation accessories reached 53.27 million yuan, an increase of 16.59% year-on-year[48]. - Domestic sales accounted for CNY 222,858,572.60, while international sales were CNY 25,561,061.87, indicating a strong domestic market presence[71]. - Direct sales contributed 79.67% of total revenue, up from 70.64% in the previous year, while distributor sales decreased to 20.33% from 29.36%[72]. Strategic Initiatives and Business Development - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company is expanding its LED lighting business by acquiring Jionda Energy, enhancing its customer resources and technical capabilities[33]. - The company plans to enter the smart lighting and smart city construction sectors through strategic cooperation with local governments[33]. - The company aims to expand its main business and enhance competitiveness through a strategic partnership with Wuhan Ningmei Internet Technology Co., Ltd.[39]. - The company is actively integrating resources with Jiongdai Energy to create new profit growth points in the energy-saving service sector[39]. - The company plans to acquire a 49.5% stake in Gejiu Shengbi and Industrial Co., Ltd. to enhance its overall competitiveness[48]. - The company is exploring strategic cooperation with the government of Huaihua City to enter the smart lighting and smart city construction market[47]. Research and Development - The company has a strong focus on R&D, with a mature technology system in electronic product cooling solutions, enhancing its competitive advantage[54]. - The company increased R&D investment by 56.09% to CNY 11.98 million, focusing on special lighting and LED-CSP packaging chip applications[68]. - The company is focusing on the development of new energy cooling solutions as part of its future strategic direction[48]. Subsidiaries and Acquisitions - The company established a subsidiary in Belarus, marking a strategic expansion into overseas markets[56]. - The company has a new subsidiary, Jionda Energy, which has been consolidated into the financial statements, contributing to the increase in fixed assets and accounts receivable[77]. - The company completed the industrial and commercial registration procedures for the acquisition, becoming the largest shareholder of Shengbi with a 49.5% stake[144]. - The company established a joint venture, Huizhou Geshile Cooling Technology Co., Ltd., with a registered capital of RMB 20 million to enhance its cooling product business[152]. Risks and Challenges - The company faces risks related to intensified industry competition, which may impact sales performance in the consumer electronics and LED lighting sectors[99]. - The company is at risk of losing tax benefits if it fails to maintain its high-tech enterprise status, which currently allows a 15% corporate income tax rate[100]. - The company anticipates ongoing uncertainties in market expansion, raw material price fluctuations, and policy changes that could affect operations[99]. - The company has a stable customer base, but any deterioration in client financial conditions could lead to increased bad debt risks[100]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,180[166]. - The top three shareholders (Liu Yu, Zhang Kui, and Huang Xiaoxian) collectively hold 46.85% of the total shares[167]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[170]. - The report indicates that the company has a total of 103,680,000 shares held by the three main shareholders[167]. Legal and Compliance - The company has not engaged in any major asset or equity sales during the reporting period[95]. - The company has not conducted any entrusted financial management, derivative investments, or entrusted loans during the reporting period[92][94]. - The company is involved in multiple patent infringement lawsuits, with claims totaling 300,000 yuan, 400,000 yuan, and 100,000 yuan for various patents[112]. - The ongoing patent disputes include claims related to LED lighting and floodlights, with no final judgments yet reached[112].

Financial Performance - The company's operating revenue for 2017 was ¥411,135,301.96, representing a 19.54% increase compared to ¥343,924,917.03 in 2016[23]. - The net profit attributable to shareholders for 2017 was ¥33,530,620.98, a decrease of 36.51% from ¥52,810,074.81 in 2016[23]. - The net cash flow from operating activities was -¥82,591,566.02, a decline of 251.74% compared to ¥54,429,144.43 in 2016[23]. - The basic earnings per share for 2017 was ¥0.31, down 47.46% from ¥0.59 in 2016[23]. - Total revenue for 2017 reached approximately 411.14 million yuan, representing a year-on-year growth of 19.54%[86]. - Revenue from LED lighting heat dissipation components reached 192.28 million CNY, while LED lighting products generated 67.86 million CNY in revenue[57]. - Sales revenue from consumer electronic cooling accessories amounted to 98.48 million CNY, driven by emerging trends in e-sports and blockchain[58]. - The company reported a total of ¥7,948,797.21 in non-recurring gains for 2017, compared to ¥6,046,182.40 in 2016[29]. - The cash dividend payout ratio for 2017 was 81.40% of the net profit attributable to shareholders, which was RMB 33,530,620.98[156]. - The company achieved a significant economic loss due to administrative penalties and relocation costs related to property usage issues[169]. Inventory and Assets - The company has a large inventory scale, which includes raw materials, work-in-progress, and finished goods, posing a risk of inventory depreciation or obsolescence due to market changes[8]. - Total assets at the end of 2017 amounted to ¥1,084,528,437.33, an increase of 146.87% from ¥439,305,351.20 at the end of 2016[23]. - Inventory rose by 56.57%, attributed to increased sales volume and strategic stockpiling following the acquisition of Jionda Energy[59]. - Accounts receivable surged by 338.34%, influenced by the acquisition of Jionda Energy and expanded LED lighting sales[59]. - The company reported an asset disposal loss of 109,151.38 thousand yuan, which was reclassified in the financial statements[174]. Research and Development - The company focuses on the research and development of new cooling systems for electronic products, targeting various applications including consumer electronics and LED lighting[34]. - In 2017, the company's R&D investment totaled 24.626 million yuan, accounting for 5.99% of total revenue, representing a 46.32% increase compared to 2016[65]. - The company has established a strong marketing service model, expanding into new customer segments such as education lighting and ultraviolet lighting[69]. - The company plans to establish a new technology research institute in collaboration with the Chinese Academy of Sciences to enhance its R&D capabilities[83]. - The company is focusing on the development of new energy and communication cooling technologies, with ongoing projects in electric vehicle battery thermal management and 5G communication device cooling[78]. Market Position and Competition - The company faces intensified competition in its industry, with increasing uncertainties in market expansion, raw material price fluctuations, and operational control[9]. - The LED lighting heat dissipation component industry is experiencing rapid growth due to the expansion of the LED lighting sector, while the PC cooling accessory market is entering a mature phase[127][128]. - The competition in the small power LED lighting heat dissipation component sector is intense, with many low-end manufacturers entering the market[128]. - The company is positioned to benefit from the rapid growth of the LED lighting market as it transitions from traditional lighting solutions[71]. - The company aims to increase its market share in the LED lighting sector by expanding into specialized lighting areas such as biological lighting and UV exposure, supported by its acquisition of a controlling stake in a subsidiary with strong project experience[139]. Strategic Partnerships and Acquisitions - The company completed the acquisition of 51% of Jionda Energy, expected to significantly contribute to overall performance in 2018[58]. - The company has formed strategic partnerships, such as with Wuhan Ningmei Interconnection Technology Co., Ltd., to enhance its presence in the consumer electronics market[49]. - A strategic partnership was formed with Wuhan Ningmei Internet Technology Co., Ltd. to streamline supply chains and reduce costs while developing new e-sports brands[79]. - The company has successfully integrated new LED lighting products into its portfolio, targeting various applications such as airport lighting and sports venues[41]. Profit Distribution and Shareholder Policies - The profit distribution plan approved by the board proposes a cash dividend of 1.00 RMB per 10 shares and a capital reserve transfer of 8 shares for every 10 shares held[12]. - The company has committed to a minimum cash dividend ratio of 20% during its growth phase, despite significant capital expenditure plans[153]. - The company will prioritize cash dividends, with a minimum of 80% for mature stages without major expenditures, and 40% if there are significant spending plans[162]. - The company has established a profit distribution policy to ensure continuity and stability in profit allocation, particularly regarding cash dividends[168]. Legal and Compliance Issues - The company initiated intellectual property litigation against Shenzhen An'erhui Lighting Technology Co., Ltd. and Shenzhen Jingricheng Lighting Technology Co., Ltd. for patent infringement, with the case accepted by the Shenzhen Intermediate People's Court on August 18, 2017[178]. - The company has been actively pursuing legal actions to protect its intellectual property rights, indicating a strategic focus on innovation and patent enforcement[178]. - The company has reported ongoing legal challenges that may impact its operational focus and resource allocation in the near term[178]. - The company has not faced any situations that could lead to the impairment of entrusted financial products[197]. Future Outlook and Growth Strategies - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion[160]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[160]. - The company is investing 200 million RMB in research and development to innovate and improve existing product lines[160]. - The company aims to maintain a stable and continuous profit distribution policy while balancing long-term interests and overall shareholder benefits[162].

Financial Performance - Total operating revenue for Q1 2018 was ¥118,516,696.37, representing a 66.78% increase compared to ¥71,062,719.84 in the same period last year[8]. - Net profit attributable to shareholders decreased by 31.63% to ¥5,754,953.78 from ¥8,417,058.31 year-on-year[8]. - Net profit after deducting non-recurring gains and losses fell by 44.74% to ¥4,749,616.63 compared to ¥8,595,436.08 in the previous year[8]. - Basic earnings per share decreased by 28.57% to ¥0.05 from ¥0.07 year-on-year[8]. - The company's operating revenue reached 118.52 million yuan, an increase of 66.78% compared to the same period last year, driven by the expansion into LED lighting and the consolidation of the newly acquired subsidiary, Jionda Energy[21]. - Operating costs rose by 81.90% year-on-year, aligning with the increase in operating revenue[21]. - Management expenses increased by 119.38% year-on-year, primarily due to the inclusion of Jionda Energy in the consolidated financial statements and investments in talent acquisition and stock-based compensation[21]. - Financial expenses surged by 357.01% year-on-year, mainly due to the increase in short-term bank loans[21]. - The total operating costs amounted to CNY 109,990,569.19, up from CNY 60,469,118.44 in the prior period[57]. - The net profit for Q1 2018 was CNY 10,166,438.90, compared to CNY 8,699,694.88 in the same period last year, representing a growth of approximately 16.9%[59]. - The gross profit margin for Q1 2018 was approximately 11.5%, down from the previous year's margin[61]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥40,192,565.72, a 214.00% increase in cash outflow compared to -¥12,800,263.15 in the same period last year[8]. - Cash received from sales and services increased by 61.72% year-on-year, attributed to higher sales collections and cash inflows from the acquisition of Jionda Energy[21]. - Cash paid for purchasing goods and services rose by 122.03% year-on-year, driven by increased procurement payments and cash outflows from the acquisition of Jionda Energy[22]. - The cash flow from operating activities was CNY 128,997,868.82, compared to CNY 79,766,133.34 in the previous period[64]. - The net cash flow from operating activities was -20,302,239.89 CNY, compared to -34,251,978.08 CNY in the previous year, indicating an improvement[70]. - Total cash inflow from operating activities was 106,421,828.28 CNY, while cash outflow was 126,724,068.17 CNY, resulting in a net cash flow of -20,302,239.89 CNY[70]. - The ending balance of cash and cash equivalents was 148,248,738.49 CNY, down from 179,297,602.15 CNY at the beginning of the period[71]. - The company experienced a total cash decrease of 31,048,863.66 CNY during the quarter[71]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,051,263,190.59, down 3.07% from ¥1,084,528,437.33 at the end of the previous year[8]. - Total liabilities decreased to CNY 487,552,246.83 from CNY 535,556,151.33[51]. - The total equity increased to CNY 563,710,943.76 from CNY 548,972,286.00[52]. - Cash and cash equivalents decreased from CNY 322,141,470.77 to CNY 252,680,868.61 during the reporting period[49]. - Accounts receivable slightly decreased from CNY 122,871,107.34 to CNY 122,778,920.23[49]. - Inventory decreased from CNY 95,633,379.73 to CNY 90,060,841.06, indicating improved inventory management[49]. Shareholder Information - The company has a total of 15,027 common shareholders at the end of the reporting period[13]. - The top shareholder, Liu Yu, holds 24.52% of the shares, amounting to 30,150,000 shares, which are fully pledged[13]. - During the reporting period, shareholder Huang Xiaoxian pledged 1,050,000 shares, representing 9.56% of his holdings and 0.85% of the total share capital; the cumulative pledged shares reached 7,590,000, accounting for 69.13% of his holdings and 6.17% of the total share capital[33]. Investments and Projects - The company acquired 28 new patents during the reporting period, including 7 invention patents, 16 utility model patents, and 5 design patents, enhancing its intellectual property portfolio[24]. - The company established a new subsidiary, Huizhou Geshile Cooling Technology Co., Ltd., with a registered capital of CNY 20 million, where the wholly-owned subsidiary Huizhou Chaoping San Optoelectronics Co., Ltd. contributed CNY 7.8 million, accounting for 39% of the registered capital[32]. - The company and its wholly-owned subsidiary invested 37,384 Belarusian Rubles to establish an overseas company, Chaoping San (International) Technology Co., Ltd., in the China-Belarus Industrial Park, with Huizhou Chaoping San holding 99% of the shares[32]. - The board approved the completion of the "Heat Sink Production Base Construction Project," reallocating surplus funds of 20.06 million yuan to permanently supplement working capital[30]. - Total funds raised amounted to CNY 21,923.17 million, with CNY 122.53 million invested in the current quarter[38]. - Cumulative investment from raised funds reached CNY 17,139.44 million, with a utilization rate of 78.1%[38]. - The construction of the radiator production base project has achieved a completion rate of 89.33% as of December 31, 2017[38]. - The R&D center construction project has seen an investment of CNY 122.53 million, representing 13.33% of the total planned investment[38]. Market and Strategic Initiatives - The company faces risks from market demand fluctuations in the consumer electronics and LED lighting sectors, which could impact sales revenue[10]. - The company is actively expanding its market presence in the LED lighting sector while strengthening partnerships with major clients to enhance international market strategies[25]. - The company received the "Overseas Investment Certificate" from the Guangdong Provincial Department of Commerce, indicating its commitment to international expansion[26]. - The company plans to enhance its competitiveness in the cooling products sector and expand its market presence through strategic investments and partnerships[32].

Financial Performance - The company's operating revenue for 2017 was ¥411,135,301.96, representing a 19.54% increase compared to ¥343,924,917.03 in 2016[23]. - The net profit attributable to shareholders for 2017 was ¥33,530,620.98, a decrease of 36.51% from ¥52,810,074.81 in 2016[23]. - The net cash flow from operating activities was -¥82,591,566.02, a decline of 251.74% compared to ¥54,429,144.43 in 2016[23]. - The total assets at the end of 2017 amounted to ¥1,084,528,437.33, an increase of 146.87% from ¥439,305,351.20 at the end of 2016[23]. - The total net profit after deducting non-recurring gains and losses was ¥25,581,823.77, a decrease of 45.30% from ¥46,763,892.41 in 2016[23]. - The company reported a basic earnings per share of ¥0.31 for 2017, down 47.46% from ¥0.59 in 2016[23]. - The weighted average return on equity for 2017 was 7.82%, a decrease of 14.00% from 21.82% in 2016[23]. - The company achieved a revenue of 411.13 million CNY, representing a year-on-year growth of 19.54%[57]. - Revenue from LED lighting heat dissipation components reached 192.28 million CNY, while LED lighting fixtures generated 67.86 million CNY in revenue[57]. - Sales of consumer electronics heat dissipation accessories amounted to 98.48 million CNY, driven by emerging trends in e-sports and blockchain[58]. Dividend Policy - The company plans to distribute cash dividends of 1.00 RMB per 10 shares and issue 8 bonus shares for every 10 shares held, based on a total of 122,955,000 shares[12]. - The company plans to distribute a cash dividend of RMB 1 per 10 shares, totaling RMB 12,295,500, which represents 100% of the profit distribution[156]. - In 2017, the cash dividend payout ratio was 81.40% of the net profit attributable to shareholders, which was RMB 33,530,620.98[158]. - The company did not distribute any cash dividends in 2015 and 2016, indicating a significant change in dividend policy in 2017[158]. - The company has committed to a minimum cash dividend payout ratio of 20% during its growth phase with significant capital expenditures[155]. - The remaining undistributed profits will be carried forward for future distribution, indicating a strategy to retain earnings for growth[156]. Market and Competition - The company reported a decline in sales revenue for consumer electronics cooling components due to a downturn in overall market demand, while LED lighting cooling components showed stable growth[6]. - The company is exposed to intensified competition in the industry, which may impact its operational performance if not managed effectively[9]. - The LED lighting industry is currently performing well, but any significant technological breakthroughs could pose risks to the demand for LED cooling components[6]. - The company acknowledges the potential impact of tax policy changes on its net profit if it fails to renew its high-tech enterprise status[10]. - The company faces risks from market demand fluctuations, inventory depreciation, and intensified industry competition, which could impact its financial performance[144]. Strategic Initiatives - The company aims to enhance market competitiveness by improving service capabilities and expanding into niche markets[12]. - The company is focused on improving quality control and cost management to adapt to diverse customer needs[12]. - The company plans to focus on the development of LED lighting heat dissipation components, which are expected to be a key growth area[35]. - The company has established strategic partnerships, including with Wuhan Ningmei Interactive Technology Co., to expand sales channels in the e-sports sector[56]. - The company is actively planning overseas investments, establishing a subsidiary in Belarus to engage in the R&D, production, and sales of LED lighting components[81][82]. Research and Development - In 2017, the company's R&D investment totaled 24.626 million yuan, accounting for 5.99% of total revenue, representing a 46.32% increase compared to 2016[65]. - The company has developed a new series of LED lighting products distinct from existing LED lighting heat dissipation components, enhancing its integration capabilities in the LED lighting sector[41]. - The company completed R&D on new LED biological lighting, aiming for mass production to meet the growing demand for suitable growth light sources[101]. - The company is in the implementation phase for R&D of new energy vehicle battery thermal management systems, targeting mass production for economic benefits[101]. - The company is focused on optimizing its investment return mechanisms to provide sustainable and stable returns to investors[169]. Inventory and Asset Management - The company faces risks related to inventory depreciation and potential obsolescence due to increased inventory levels as sales and asset scales grow[8]. - Inventory rose by 56.57%, attributed to increased sales volume and strategic stockpiling following the acquisition of Jionda Energy[59]. - Accounts receivable surged by 338.34%, influenced by the acquisition of Jionda Energy and the expansion into LED lighting sales[59]. - The company’s cash and cash equivalents increased to ¥322,141,470.7, representing 29.70% of total assets, up from 22.32% in the previous year, primarily due to stock issuance and bank loans[109]. - The company has increased its investment in subsidiaries, which has impacted both asset and liability structures significantly[111]. Legal and Compliance - The company is actively pursuing legal action to protect its intellectual property rights in the lighting industry[181]. - The company filed a patent infringement lawsuit against Shenzhen An'erhui Lighting Technology Co., Ltd. and Shenzhen Jingricheng Lighting Technology Co., Ltd. on August 18, 2017, regarding its patent ZL201410214558.X for "LED lighting"[181]. - The company has initiated multiple lawsuits concerning various patents, including ZL201530266624.3 for "Floodlight (TG3)" and ZL201320845014.4 for "Lighting and Lighting Shell"[181]. - The company has not disclosed specific financial impacts from these legal actions in the report[181]. - The ongoing litigation may affect the company's market position and future product development strategies[181]. Corporate Governance - The company emphasizes compliance with regulations regarding shareholding commitments to maintain investor confidence[160]. - The company’s controlling shareholders hold a combined 40.75% of shares, indicating strong control over corporate governance[160]. - The company has established a framework for accountability in case of non-compliance with shareholding commitments[160]. - The company commits to not engaging in unfair benefit transfers or damaging company interests by its directors and senior management[169]. - The company emphasizes the importance of independent governance structures to protect shareholder rights and ensure effective decision-making[169].