证券代码：300656 证券简称：民德电子 公告编号：2021-109 深圳市民德电子科技股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市民德电子科技股份有限公司（以下简 称"公司"） 将参加由深圳上市公司协会、深圳市全景网络有限公司共同举办的"沟通 传递价值，交流创造良好生态"—2021深圳辖区上市公司投资者网上集体接待日活动，现 将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网络远程的 方式举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net/）或关注微信 公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间为2021年11月30日（星 期二）14:00至17:00。 届时公司副总经理兼董事会秘书高健先生，财务总监范长征先生将通过网络文字交流 形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市民德电子科技股份 ...

Financial Performance - The company's revenue for Q3 2021 was ¥157,847,391.05, representing a 44.24% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥25,800,310.86, a significant increase of 139.61% year-over-year[3]. - The basic earnings per share for Q3 2021 was ¥0.2154, up 139.60% from the previous year[3]. - The company achieved operating revenue of RMB 157.85 million for the reporting period, an increase of 44.24% compared to the same period last year[15]. - The net profit attributable to shareholders of the listed company for the reporting period was RMB 25.80 million, representing a significant increase of 139.61% year-on-year[15]. - For the first three quarters of 2021, the company reported cumulative operating revenue of RMB 360.36 million, up 59.79% year-on-year, and a net profit of RMB 51.53 million, an increase of 84.80% year-on-year[15]. - The basic earnings per share increased by 84.79% year-on-year, driven by the growth in net profit attributable to shareholders[11]. - The weighted average return on equity increased by 4.00 percentage points year-on-year, reflecting improved profitability[11]. - The net profit for Q3 2021 was CNY 51,565,465.05, representing a 91.8% increase compared to CNY 26,925,063.85 in Q3 2020[24]. - Operating profit for Q3 2021 was CNY 59,406,693.69, up from CNY 30,477,671.81 in the same period last year, indicating a growth of 95.2%[24]. - Total revenue from sales and services received in Q3 2021 was CNY 371,993,927.53, compared to CNY 231,584,194.68 in Q3 2020, marking an increase of 60.6%[27]. - The company reported a total comprehensive income of CNY 51,246,707.41 for Q3 2021, compared to CNY 25,160,289.26 in Q3 2020, reflecting a growth of 103.5%[24]. - Basic and diluted earnings per share for Q3 2021 were both CNY 0.4302, up from CNY 0.2328 in Q3 2020, representing an increase of 84.8%[24]. Cash Flow and Investments - The company reported a 1,259.48% increase in net cash flow from operating activities year-to-date, totaling ¥38,333,802.74[3]. - The cash flow from operating activities for Q3 2021 was CNY 38,333,802.74, a significant recovery from a negative cash flow of CNY -3,306,120.38 in Q3 2020[27]. - The net cash flow from investing activities for Q3 2021 was CNY -11,689,068.54, a decrease from CNY 18,849,532.07 in Q3 2020[28]. - The net cash flow from financing activities for Q3 2021 was CNY -70,176,896.89, compared to a positive cash flow of CNY 61,361,385.75 in Q3 2020[28]. - The company's cash and cash equivalents net increase decreased by 157.12% year-on-year, attributed to increased bank loan repayments and payments for equity stakes[11]. - Cash and cash equivalents decreased to CNY 27,333,042.05 as of September 30, 2021, down from CNY 71,275,250.84 at the end of 2020, a decline of 61.7%[20]. - The ending balance of cash and cash equivalents as of Q3 2021 was CNY 27,333,042.05, down from CNY 129,273,323.33 at the end of Q3 2020[28]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥788,083,684.44, a decrease of 2.76% from the end of the previous year[3]. - Total assets amounted to CNY 788,083,684.44 as of September 30, 2021, down from CNY 810,467,730.74 at the end of 2020, a decrease of 2.8%[23]. - Total liabilities decreased to CNY 245,265,830.31 in Q3 2021 from CNY 263,599,218.14 in Q3 2020, a reduction of 7%[22]. - The company's equity attributable to shareholders was CNY 532,483,151.31 as of September 30, 2021, slightly down from CNY 534,678,201.52 at the end of 2020[23]. - The company reported a net profit increase, with retained earnings rising to CNY 247,779,694.93 from CNY 210,719,483.05 in the previous year, an increase of 17.6%[23]. Research and Development - Research and development expenses increased by 39.67% year-to-date, reflecting the company's commitment to innovation[9]. - Research and development expenses increased to CNY 15,540,143.90 in Q3 2021, compared to CNY 11,126,285.17 in Q3 2020, marking an increase of 39.4%[23]. Strategic Investments - The company completed the acquisition of 73.51% of Guangwei Integrated Circuit Co., enhancing its power semiconductor design capabilities[15]. - The company plans to invest RMB 60 million in Zhejiang Guangxin Microelectronics Co., aiming to strengthen its power semiconductor industry chain[17]. - The company intends to raise up to RMB 50 million through a private placement to fund the R&D and industrialization of silicon carbide power devices[18]. - The company’s long-term equity investments increased by 33.94% year-to-date, attributed to additional investments in Zhejiang Jingrui Electronics[7]. Other Financial Metrics - The company’s financial expenses increased by 105.12% year-to-date, primarily due to higher bank loan amounts and interest expenses[10]. - The company’s inventory at the end of Q3 2021 increased by 36.74% compared to the end of the previous year, driven by increased sales volume[7]. - Accounts receivable stood at CNY 198,604,021.80 as of September 30, 2021, slightly down from CNY 213,694,919.41 at the end of 2020, a decrease of 7.1%[20]. - Inventory increased to CNY 91,786,620.55 in Q3 2021, compared to CNY 67,125,799.36 in Q3 2020, representing a growth of 36.7%[21].

Financial Performance - The company's operating revenue for the reporting period reached ¥202,514,749.65, representing a 74.45% increase compared to ¥116,086,224.49 in the same period last year[23]. - Net profit attributable to shareholders was ¥25,733,565.71, up 50.32% from ¥17,119,059.23 year-on-year[23]. - The net cash flow from operating activities improved significantly to ¥33,742,272.20, a 821.92% increase from a negative cash flow of ¥4,673,991.27 in the previous year[23]. - The company's total assets at the end of the reporting period were ¥816,825,353.42, a slight increase of 0.78% from ¥810,467,730.74 at the end of the previous year[23]. - The net assets attributable to shareholders decreased by 5.39% to ¥505,839,978.63 from ¥534,678,201.52 at the end of the previous year[23]. - The company's total revenue for the reporting period was approximately 202.51 million yuan, reflecting a 74.45% increase compared to the previous year[52]. - The company's operating costs increased by 83.63% year-over-year to approximately 141.51 million yuan, primarily due to the acquisition of Guangwei Integration and the impact of COVID-19 recovery[52]. - The barcode recognition business saw a significant revenue increase of 77.69% year-over-year, with overseas revenue growing by 170.47% and domestic revenue by 26.88%[44]. - The electronic components distribution business reported a revenue of 85.51 million yuan, a 41.41% increase year-over-year, and a net profit of 2.94 million yuan, up 13.89%[46]. Investment and Acquisitions - The company completed the acquisition of Guangwei Integrated, which contributed to the addition of power semiconductor products to its portfolio[53]. - The company completed a significant equity investment in Guangwei Integrated Technology (Shenzhen) Co., Ltd. for ¥45,000,000, acquiring an 83.51% stake[65]. - The company also made a capital increase investment of ¥30,000,000 in Zhejiang Jingrui Electronic Technology Co., Ltd., holding a 27.27% stake[65]. - The company invested 30 million RMB in Zhejiang Jingrui Electronics, with a pre-investment valuation of 520 million RMB, reflecting a 33.33% premium over the previous round of financing[127]. - The investment in Zhejiang Jingrui Electronics resulted in an investment income of -300,300 RMB for the company, which had no significant impact on the net profit[128]. Research and Development - The company emphasizes independent research and development, with a structured approach to improve R&D efficiency and product commercialization[47]. - Research and development expenses increased to ¥10,306,043.66, primarily due to the acquisition of Guangwei Integrated and the expansion of overall business scale[53]. - The company is focusing on enhancing product performance and cost reduction in its barcode recognition and semiconductor businesses, guided by Moore's Law[49]. - The company has utilized self-owned funds to increase R&D efforts on core component standardization, improving product cost-effectiveness and market competitiveness[76]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the legal representative and accounting heads[3]. - The company is committed to maintaining transparency and accountability in its financial disclosures[3]. - The company emphasizes strict adherence to laws and regulations, ensuring transparency in profit distribution to protect shareholder rights[112]. - The company has established a robust internal control system and governance structure to enhance corporate governance levels[112]. - Employee rights are protected through compliance with labor laws and the provision of various insurance benefits, including medical and pension insurance[113]. Market and Industry Outlook - The semiconductor industry in China is projected to grow significantly, with the power semiconductor market expected to reach 44.1 billion USD in 2021[36]. - The company is facing industry cyclical fluctuations and market competition risks, particularly in the semiconductor and electronic components distribution sectors[95]. - The company plans to diversify its industry layout and strengthen partnerships with leading enterprises in emerging markets to mitigate cyclical risks[95]. - The company aims to enhance its competitive advantage by improving product offerings and expanding into overseas markets, particularly in the barcode recognition and power semiconductor sectors[96]. Shareholder Information - The company reported a total of ¥176,950,000 in purchases and ¥223,400,000 in sales of trading financial assets during the reporting period[67]. - The total number of ordinary shareholders at the end of the reporting period was 9,166[153]. - Major shareholders include Xu Xiangcan with 14.39% (17,241,619 shares), Xu Wenhuan with 13.54% (16,218,448 shares), and Yi Yangqing with 10.38% (12,437,099 shares)[153]. - The company reported a significant increase in the number of shares held by major shareholders, indicating potential confidence in the company's future[153]. Risk Management - The report includes a section on risk factors and countermeasures that investors should carefully read[4]. - The company has established a risk management system for new product development to mitigate uncertainties and ensure alignment with market demands[98]. - The company faces a risk of talent shortage in the barcode recognition and semiconductor sectors, necessitating the recruitment of specialized professionals to support its strategic plans[98]. Environmental and Social Responsibility - The company has not faced any environmental penalties during the reporting period and has adhered to environmental protection regulations[111]. - The company is committed to social responsibility, including environmental sustainability and community employment initiatives[114]. - The company has not initiated any poverty alleviation or rural revitalization activities but plans to focus on these areas in the future[115].

Investment and Acquisitions - In 2020, the company completed two significant investments in the power semiconductor industry, acquiring 74% of Guangwei Integrated Technology for CNY 69.47 million and investing CNY 90 million for a 29% stake in Jingrui Electronics[10]. - The company provided CNY 9.947 million in total funding to Guangwei Integrated, including CNY 2 million for working capital and CNY 1 million in registered capital[10]. - Following the investment in Jingrui Electronics, the company’s stake was reduced to 23% after an additional CNY 80 million investment from a government-backed entity[10]. - The founders of both acquired companies are highly qualified scientists with extensive experience in semiconductor technology, enhancing the company's R&D capabilities[11][12]. - The investment strategy focuses on controlling acquisitions and cash transactions, requiring sellers to reinvest a significant portion of their proceeds into the company's stock[13]. - The company has established a dual industry growth curve focusing on barcode recognition and power semiconductor industries, with barcode recognition serving as a cash cow for funding semiconductor development[19]. - The company completed the acquisition of 73.51% of Guangwei Integrated Technology in June 2020, marking its entry into the power semiconductor design industry[76]. - The company also invested in Zhejiang Jingrui Electronic Technology Co., holding a 23.08% stake to further expand into the semiconductor wafer industry[76]. - The company adjusted the use of part of the raised funds to invest in Guangwei Integrated Technology, aiming to improve the efficiency of fund utilization and enhance competitiveness[132]. Financial Performance - The company’s operating revenue for 2020 was CNY 403,210,033.23, representing a 32.04% increase compared to CNY 305,372,201.35 in 2019[47]. - The net profit attributable to shareholders for 2020 was CNY 51,603,058.83, a 42.68% increase from CNY 36,165,935.83 in 2019[47]. - The net profit after deducting non-recurring gains and losses decreased by 51.60% to CNY 14,275,296.08 in 2020 from CNY 29,491,979.42 in 2019[47]. - The net cash flow from operating activities was CNY 19,604,589.25, down 61.82% from CNY 51,349,853.42 in 2019[47]. - The total assets at the end of 2020 were CNY 810,467,730.74, a 24.72% increase from CNY 649,805,730.78 at the end of 2019[47]. - The net assets attributable to shareholders increased by 7.64% to CNY 534,678,201.52 at the end of 2020 from CNY 496,748,781.71 at the end of 2019[47]. - The basic earnings per share for 2020 was CNY 0.4739, up 42.70% from CNY 0.3321 in 2019[47]. - The weighted average return on equity increased by 2.42 percentage points to 10.02% in 2020 from 7.60% in 2019[47]. - The company reported a quarterly revenue of CNY 177,691,830.49 in Q4 2020, with a net profit of CNY 23,716,551.54[50]. Revenue Growth and Market Expansion - The barcode recognition business revenue increased by approximately 20% in 2020 compared to 2019, with the sales proportion rising from 78% in 2019 to 85% in 2020[28]. - The overseas market sales proportion grew from 37% in 2019 to 43% in 2020, indicating strong growth momentum since the second half of 2020[28]. - The company aims to maintain an average annual performance growth of no less than 50% over the next five years for its investment targets[19]. - The company is focusing on third-generation semiconductor materials, such as silicon carbide and gallium nitride, to meet future market demands for higher power density and efficiency[21]. - The company plans to enhance its industrial barcode recognition product line by integrating artificial intelligence technology for better application development[28]. R&D and Innovation - The company is committed to maintaining a lean team structure while pursuing rapid growth through clear technical and product development routes[29]. - The company has filed for 10 new utility model patents and 5 design patents during the reporting period, enhancing its intellectual property portfolio[81]. - The company has successfully completed the development and mass production of several new products, including a small embedded imaging scanning platform and an industrial barcode recognition device, enhancing product competitiveness[101]. - The proportion of R&D personnel increased to 28.33%, with 66 R&D staff members, reflecting a focus on innovation[102]. Governance and Investor Relations - The company emphasizes a "contract spirit" aimed at maximizing the intrinsic value of its shares and aligning management with shareholder interests[9]. - The company is committed to fostering stable and healthy investor relations as part of its governance structure[9]. - The company emphasizes transparency in communication with shareholders, ensuring all stakeholders receive the same information simultaneously[26]. - The company has established a long-term commitment to maintain independence from its controlling shareholders and related parties[152]. Dividend Policy - The company plans to distribute cash dividends of 1 yuan per 10 shares, with a capital reserve conversion of 1 share for every 10 shares held[35]. - The cash dividend represents 21.10% of the net profit attributable to the company's ordinary shareholders for 2020, which is 51,603,058.83 RMB[149]. - The company has consistently distributed cash dividends over the past three years, with amounts of 10,890,000 RMB in 2020, 9,900,000 RMB in 2019, and 13,500,000 RMB in 2018[149]. - The company has maintained a consistent dividend policy in line with its articles of association and dividend management measures[145]. Risks and Challenges - The company faces industry and market risks, particularly due to the cyclical nature of the semiconductor industry, which is closely tied to global GDP growth[135]. - The barcode recognition business has a strong competitive advantage, but faces risks from numerous competitors and evolving business models[136]. - There is a growing demand for specialized talent in the barcode recognition and semiconductor sectors, which poses a risk if not adequately addressed[139]. Compliance and Regulatory Matters - The company commits to ensuring that all disclosed information regarding the transaction is true, accurate, and complete, taking on legal responsibility for any false statements or omissions[152]. - The company has not engaged in any insider trading or related party transactions that could harm its interests or those of its shareholders[152]. - The company has not experienced any major litigation or arbitration matters during the reporting period[178]. - The company has not provided guarantees for any entities with a debt-to-asset ratio exceeding 70%[192].

Financial Performance - The company's operating revenue for Q1 2021 was ¥86,072,764.54, representing a 79.71% increase compared to ¥47,895,997.23 in the same period last year[7] - Net profit attributable to shareholders for Q1 2021 was ¥12,907,040.21, up 63.81% from ¥7,879,305.76 in the previous year[7] - The net profit after deducting non-recurring gains and losses was ¥11,975,611.54, an increase of 85.85% compared to ¥6,443,765.54 in the same period last year[7] - Basic earnings per share for Q1 2021 were ¥0.1185, reflecting a 63.67% increase from ¥0.0724 in the same period last year[7] - Total operating revenue for Q1 2021 reached ¥86,072,764.54, a significant increase of 79.8% compared to ¥47,895,997.23 in the same period last year[54] - Total operating costs for Q1 2021 were ¥74,678,591.43, up 75.3% from ¥42,622,161.37 in Q1 2020[55] - Net profit for Q1 2021 was ¥12,392,756.30, representing a 79.5% increase from ¥6,891,732.97 in Q1 2020[56] - The company reported a total profit of ¥14,006,421.55 for Q1 2021, up 74.8% from ¥8,032,153.84 in Q1 2020[56] - The total comprehensive income for the first quarter of 2021 was CNY 11,886,871.03, compared to CNY 6,428,330.00 in the same period last year, representing an increase of approximately 84.3%[62] Cash Flow - The net cash flow from operating activities was ¥6,818,440.27, a significant improvement of 270.96% from -¥3,988,319.54 in the previous year[7] - Operating cash inflow for the first quarter was CNY 123,367,958.73, up from CNY 68,842,428.22, indicating an increase of about 79.4% year-over-year[61] - Cash inflow from financing activities was CNY 31,285,918.24, compared to CNY 11,863,288.09 in the previous year, marking an increase of approximately 163.5%[62] - The net cash flow from financing activities was CNY 5,369,570.84, a recovery from a negative CNY 8,298,657.86 in the previous year[63] - The company recorded a significant increase in sales revenue, with cash received from sales reaching CNY 120,233,942.84, compared to CNY 67,566,084.81 in the previous year, representing an increase of about 77.9%[61] Assets and Liabilities - Total assets at the end of the reporting period were ¥819,547,192.40, a 1.12% increase from ¥810,467,730.74 at the end of the previous year[7] - Current assets totaled CNY 476,085,024.48, slightly down from CNY 480,502,662.64 at the end of 2020, indicating a decrease of about 0.87%[45] - Total liabilities decreased to CNY 259,823,186.41 from CNY 263,599,218.14, a reduction of approximately 1.46%[47] - The company's equity increased to CNY 559,724,005.99 from CNY 546,868,512.60, reflecting a growth of about 2.25%[48] - The company's total liabilities increased to ¥154,342,819.48 in Q1 2021, up from ¥148,987,753.37 in Q1 2020[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,078[11] - Net assets attributable to shareholders increased by 2.50% to ¥548,047,978.82 from ¥534,678,201.52 at the end of the previous year[7] Research and Development - Research and development expenses rose by 58.48% year-on-year, driven by increased investment in R&D[20] - Research and development expenses for Q1 2021 were ¥5,003,132.87, a 58.5% increase from ¥3,156,972.07 in Q1 2020[55] Strategic Initiatives - The company plans to enhance its management capabilities and optimize its management model to address the increasing complexity of operations due to business expansion[29] - The company aims to diversify its industry layout and establish long-term partnerships with leading enterprises in emerging markets to mitigate cyclical risks in the semiconductor industry[27] - The company will focus on improving product competitiveness through continuous R&D and market demand analysis to minimize product development risks[31] - The company intends to strengthen communication with upstream manufacturers to maintain important product line authorizations and reduce channel risks[31] - The company will enhance its human resource strategy to attract and retain specialized talent in the barcode recognition and semiconductor industries[30] - The company will actively pursue overseas market expansion and diversify its product offerings to enhance competitiveness in the barcode recognition business[28] Investment and Projects - The total amount of raised funds for the quarter is 20,700.9 million RMB, with 75 million RMB invested during this period[35] - The cumulative amount of raised funds that have been repurposed is 9,947.02 million RMB, representing 48.05% of the total raised funds[35] - The investment in the "Commercial Barcode Reading Equipment" project is 7,730.33 million RMB, which has not yet been utilized[36] - The "Industrial Barcode Reading Equipment" project has a total investment of 5,905.46 million RMB, with 0% progress reported[36] - The "R&D Center Construction" project has achieved 99.47% completion with a cumulative investment of 5,087.19 million RMB[36] - The "Marketing Network Construction" project has been fully completed with an investment of 1,977.92 million RMB[36] - The total investment in the "Guangwei Integration Technology (Shenzhen) Co., Ltd." project is 9,947.02 million RMB, with 75 million RMB invested during the reporting period[37] - The company has adjusted the implementation schedule for several projects due to rising real estate prices in Shenzhen, delaying property purchases[36] Compliance and Governance - The company reported no violations regarding external guarantees during the reporting period[39] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[40] - The company did not engage in any research, communication, or interview activities during the reporting period[41] - The report for the first quarter of 2021 was not audited[75]

Financial Performance - Operating revenue for the period reached CNY 109,431,978.25, representing a 103.12% increase year-on-year[7] - Net profit attributable to shareholders increased by 77.17% to CNY 10,767,448.06 for the quarter[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 103.14% to CNY 10,329,128.96[7] - Basic earnings per share increased by 77.24% to CNY 0.0989[7] - Total operating revenue for Q3 2020 reached ¥109,431,978.25, a significant increase of 103.5% compared to ¥53,874,519.65 in the same period last year[38] - Net profit for Q3 2020 was ¥10,879,633.14, representing a 73.5% increase from ¥6,287,697.96 in the previous year[40] - Basic and diluted earnings per share increased to ¥0.2561 from ¥0.2128, marking a growth of 20.0%[48] - The company reported a total profit of ¥12,193,099.19 for Q3 2020, which is a 80.5% increase from ¥6,751,266.36 in the previous year[40] - The company’s total profit for the current period was ¥30,334,990.18, up from ¥25,176,506.33, representing a growth of 20.6%[47] Assets and Liabilities - Total assets increased by 18.79% to CNY 771,924,037.53 compared to the end of the previous year[7] - The company's total liabilities increased to CNY 248,508,754.96 from CNY 142,574,202.28, which is an increase of approximately 74.31%[32] - The total assets of the company reached ¥617,273,528.03, up from ¥550,189,518.26, marking an increase of 12.2% year-on-year[39] - The total liabilities increased to ¥136,806,664.79, up from ¥84,603,180.43, indicating a rise of 61.6% year-on-year[39] - The total non-current assets amounted to CNY 293,400,085.93, up from CNY 176,152,834.45, reflecting an increase of about 66.67%[31] - The company's current assets totaled CNY 478,523,951.60, slightly up from CNY 473,652,896.33 at the end of 2019, indicating a marginal increase of about 0.77%[30] Cash Flow - Cash flow from operating activities showed a significant decline of 91.29%, totaling CNY 1,367,870.89[7] - Net cash flow from operating activities decreased by 109.11% year-on-year, mainly due to increased payments for materials and pre-paid corporate income tax by certain subsidiaries[18] - The cash inflow from operating activities for the current period was CNY 240,773,114.84, an increase from CNY 214,119,046.84 in the previous period, reflecting a growth of approximately 12.4%[52] - The net cash flow from operating activities was negative at CNY -3,306,120.38, compared to a positive CNY 36,297,398.04 in the same period last year[52] - The cash inflow from investment activities totaled CNY 507,294,588.74, down from CNY 549,462,669.36, indicating a decrease of about 7.7%[54] - The net cash flow from investment activities was CNY 18,849,532.07, a significant improvement from a negative CNY -3,110,066.35 in the previous year[54] - The cash inflow from financing activities was CNY 136,048,094.53, compared to CNY 39,393,235.69 in the prior period, marking an increase of approximately 245.5%[54] - The net cash flow from financing activities was CNY 61,361,385.75, a turnaround from a negative CNY -40,279,613.70 last year[54] Shareholder Information - The company reported a total of 10,160 common shareholders at the end of the reporting period[11] - The top ten shareholders collectively hold 27.93% of the company's shares, with the largest shareholder owning 14.39%[11][12] Risks and Management - The company has identified potential risks related to goodwill impairment in its future operations[4] - The company plans to strengthen management of subsidiaries and adjust performance commitments related to the acquisition of Taibo Xunrui Company to mitigate potential goodwill impairment risks[20] Financial Expenses - Financial expenses increased by 54.79% year-on-year, attributed to higher interest expenses from increased bank loans and foreign exchange losses due to fluctuations in the USD[17] - The company’s financial expenses increased to ¥2,502,166.21, compared to a negative financial income of -¥553,348.83 in the same period last year[39] - The financial expenses increased to ¥4,811,168.48 from ¥3,108,267.17, reflecting a rise of 55%[47] Inventory and Receivables - The company's inventory increased to CNY 95,503,440.36 from CNY 66,562,630.43, which is an increase of approximately 43.47%[30] - Accounts receivable rose to CNY 178,012,872.84 from CNY 150,238,710.50, reflecting an increase of about 18.54%[30]

Financial Performance - The company's operating revenue for the reporting period was ¥116,086,224.49, a decrease of 6.27% compared to the same period last year[20]. - The net profit attributable to shareholders was ¥17,119,059.23, showing a slight increase of 0.15% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥14,047,329.72, which represents a growth of 6.04% compared to the previous year[20]. - The net cash flow from operating activities was -¥4,673,991.27, a significant decline of 122.69% from the previous year[20]. - Total assets at the end of the reporting period reached ¥767,868,653.90, an increase of 18.17% compared to the end of the previous year[20]. - The company achieved operating revenue of 116.09 million yuan, a decrease of approximately 6.27% year-on-year, while net profit attributable to shareholders increased slightly by 0.15% to 17.12 million yuan[42]. - The company reported a total asset of CNY 767,868,653.90 as of June 30, 2020, compared to CNY 649,805,730.78 at the end of 2019, reflecting an increase of approximately 18.1%[156]. - Total revenue for the first half of 2020 was CNY 116,086,224.49, a decrease of 6.4% compared to CNY 123,847,314.29 in the first half of 2019[161]. - Net profit for the first half of 2020 was CNY 16,045,430.71, a decrease of 4.6% compared to CNY 16,817,047.43 in the same period last year[163]. Subsidiaries and Acquisitions - The company has a total of five wholly-owned subsidiaries and one controlling subsidiary[10]. - The company acquired Shenzhen Taibo Xunrui Technology Co., Ltd. in June 2018 to enter the semiconductor electronic component distribution industry[32]. - The company completed the acquisition of a 73.51% stake in Guangwei Integrated Technology Co., Ltd. in June 2020, officially entering the power semiconductor design industry[43]. - The company has allocated CNY 99.47 million of unused raised funds for investment in Guangwei Integrated Technology (Shenzhen) Co., Ltd.[73]. - The company transferred its 51.0044% stake in Shenzhen Guanghe Display Technology Co., Ltd. for 44.18 million CNY, which had no significant impact on overall operations[85]. Research and Development - The company invested in a 29.03% stake in Zhejiang Jingrui Electronic Technology Co., Ltd. in July 2020, focusing on the semiconductor wafer industry, with plans for mass production by the end of 2021[44]. - The company invested 6.28 million yuan in R&D, a decrease of 28.69% compared to the previous year, reflecting a focus on cost control amid operational pressures[49]. - The company aims to strengthen its R&D efforts in barcode recognition technology to maintain its competitive edge in the market[90]. - The company has a total of 73 authorized patents, including 18 invention patents and 35 utility model patents, indicating a strong commitment to intellectual property development[47]. Financial Management and Investments - The total amount of raised funds is CNY 20,700.9 million, with CNY 867.54 million invested during the reporting period[64]. - Cumulative investment of raised funds amounts to CNY 5,389.85 million, with no changes in the use of raised funds during the reporting period[64]. - The company has invested a total of 20,185,000 CNY in bank wealth management products, with an outstanding balance of 12,400,000 CNY[76]. - The company has engaged in a principal-protected floating income product with China Merchants Bank, with an annualized return rate of 3.70%[77]. - The company reported a total guarantee amount of 20,000,000 RMB during the reporting period, with an actual guarantee amount of 3,180,000 RMB[116]. Market and Industry Context - The semiconductor industry in China saw a sales revenue of ¥353.9 billion in the first half of 2020, reflecting a year-on-year growth of 16.1%[32]. - The barcode recognition business experienced a revenue decline of 6.42% compared to the same period last year, primarily due to the impact of the COVID-19 pandemic on operations and logistics[45]. - The electronic components distribution business reported a revenue of 60.47 million yuan, a decrease of 3.47% year-on-year, with net profit down 26.93% to 2.58 million yuan[46]. Corporate Governance and Shareholder Matters - The company reported a 64.29% investor participation rate in the 2019 annual general meeting held on May 18, 2020[96]. - Major shareholders include Xu Xiangcan with 14.39% (15,674,199 shares), Xu Wenhuan with 13.54% (14,744,044 shares), and Yi Yangqing with 12.36% (13,456,454 shares)[135]. - The company has a plan for its directors and senior management to increase their shareholdings, with a commitment to use at least 30% of their after-tax salary for this purpose[100]. - The company has established measures to ensure that any failure by major shareholders to fulfill their commitments will result in penalties, including potential reductions in dividends[100]. - The company has not encountered significant changes in the feasibility of its projects[73]. Risk Management and Future Outlook - The company emphasizes the importance of risk management in its future operations[4]. - The company recognizes the need for specialized talent in the semiconductor industry and plans to enhance its recruitment strategies to address potential talent shortages[90]. - The company plans to adjust performance commitments related to the acquisition of Taibo Xunrui to mitigate the adverse effects of goodwill impairment on its financials[92]. - The company is focusing on diversifying its market strategies and expanding into emerging markets to mitigate industry cyclicality risks[87]. - The company plans to continue expanding its market presence and investing in new technologies[183].

Financial Performance - Total revenue for Q1 2020 was ¥47,895,997.23, a decrease of 16.15% compared to ¥57,121,745.90 in the same period last year[7] - Net profit attributable to shareholders was ¥7,879,305.76, an increase of 13.72% from ¥6,928,889.81 year-on-year[7] - Net profit excluding non-recurring items reached ¥6,443,765.54, up 29.13% from ¥4,989,957.17 in the previous year[7] - Basic earnings per share increased to ¥0.0796, a rise of 13.71% from ¥0.0700[7] - In Q1 2020, the company's operating income was approximately 47.90 million yuan, a decrease of about 16.15% year-on-year, primarily due to the impact of the COVID-19 pandemic[20] - The net profit attributable to shareholders in Q1 2020 was approximately 7.88 million yuan, an increase of about 13.72% year-on-year[20] - Basic earnings per share for Q1 2020 were 0.0796 yuan per share, an increase of 13.71% compared to the same period last year[19] - Operating profit increased to ¥8,128,416.68 from ¥6,795,838.33, reflecting a growth of approximately 19.6% year-over-year[48] - Net profit rose to ¥6,891,732.97 compared to ¥6,351,377.86, marking an increase of about 8.5% year-over-year[49] - Earnings per share (basic and diluted) improved to ¥0.0796 from ¥0.0700, an increase of approximately 8.6% year-over-year[49] - The total comprehensive income amounted to ¥7,805,258.44, compared to ¥5,712,150.64, representing an increase of approximately 36.6% year-over-year[49] Cash Flow and Assets - Operating cash flow turned negative at -¥3,988,319.54, a decline of 261.73% compared to a positive cash flow of ¥2,465,985.27 in the same period last year[7] - The net cash flow from operating activities in Q1 2020 was approximately -3.99 million yuan, a decrease of 261.73% year-on-year, mainly due to increased corporate income tax payments[18] - The net cash flow from investing activities in Q1 2020 was approximately -4.30 million yuan, a decrease of 910.89% year-on-year, due to increased purchases of financial assets[18] - The ending balance of cash and cash equivalents was 36,048,543.34 CNY, down from 37,548,090.91 CNY[57] - Cash received from sales of goods and services was ¥67,566,084.81, down from ¥70,739,140.90, indicating a decrease of about 3.1% year-over-year[55] - The net cash flow from investment activities was -4,303,175.82 CNY, compared to -425,681.27 CNY in the previous period[56] - The net cash flow from financing activities was -8,298,657.86 CNY, compared to -9,344,132.84 CNY in the previous period[57] - The total current assets amounted to CNY 455,898,949.61, a decrease of 3.4% from CNY 473,652,896.33 on December 31, 2019[38] - The cash and cash equivalents decreased to CNY 36,048,543.34 from CNY 52,347,701.45, representing a decline of 31%[38] - The total assets as of March 31, 2020, were CNY 634,168,753.82, down from CNY 649,805,730.78, indicating a decrease of 2.4%[41] Liabilities and Equity - The total liabilities decreased to CNY 119,131,966.88 from CNY 142,574,202.28, a reduction of approximately 16.5%[40] - The total equity attributable to shareholders increased to CNY 505,541,612.94 from CNY 496,748,781.71, reflecting a growth of about 1.6%[41] - Total liabilities and equity amount to CNY 649,805,730.78, indicating a stable financial position[64] - Total equity attributable to the parent company is CNY 496,748,781.71, with total equity including minority interests at CNY 507,231,528.50[64] - The company’s total owner’s equity is CNY 465,586,337.83, indicating a strong financial foundation for future growth[67] Investments and Projects - The total amount of raised funds is CNY 207,009,000, with CNY 45,223,100 utilized by the end of the reporting period, representing 21.8% of the total[29] - The company has not changed the purpose of the raised funds, with a cumulative change amount of CNY 0, indicating no deviation from the original investment plan[29] - The R&D center construction project has achieved an investment progress of 83.59% by the end of June 2021, with CNY 50,871,900 committed[29] - The marketing network construction project has only reached 13.65% of its planned investment by the end of June 2021, with CNY 19,779,200 allocated[29] - The company plans to complete the commercial barcode reading equipment industrialization project and the industrial barcode reading equipment industrialization project by December 2021[30] - The company has temporarily delayed the purchase of properties for the R&D center and marketing network due to rising real estate prices in Shenzhen[30] - The company has optimized and upgraded existing production lines to enhance automation and production efficiency[30] - There are no significant changes in the feasibility of the investment projects, and the company will continue to monitor real estate market conditions for future purchases[30] Compliance and Governance - The company has not reported any violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[32][33] - The first quarter report has not been audited, which may affect the reliability of the financial data presented[69] - The company reported a significant adjustment of CNY 508,573.25 from prepayments to contract liabilities, reflecting changes in accounting practices[66] - The company has implemented new revenue recognition standards from January 1, 2020, adjusting prepayments to contract liabilities[67] Research and Development - Research and development expenses increased to ¥3,156,972.07 from ¥2,771,031.91, reflecting a rise of approximately 13.9% year-over-year[48] - The company plans to closely monitor the semiconductor industry trends and adjust its business strategies accordingly to mitigate cyclical risks[21] - The company aims to enhance its competitive edge in the barcode recognition business by improving product iteration speed and expanding into overseas markets[22]

Financial Performance - In 2019, the sales revenue of QR code barcode recognition products increased by approximately 13% compared to 2018, with the sales proportion rising from 66% in 2018 to 78% in 2019[19]. - The company's operating revenue for 2019 was CNY 305,372,201.35, an increase of 11.22% compared to CNY 274,572,764.82 in 2018[40]. - The net profit attributable to shareholders for 2019 was CNY 36,165,935.83, a decrease of 32.32% from CNY 53,439,201.89 in 2018[40]. - The net cash flow from operating activities reached CNY 51,349,853.42, a significant increase of 517.89% compared to a negative cash flow of CNY -12,287,880.13 in 2018[40]. - The total assets at the end of 2019 amounted to CNY 649,805,730.78, reflecting a growth of 5.09% from CNY 618,308,612.68 at the end of 2018[40]. - The company reported a basic earnings per share of CNY 0.3653 for 2019, down 32.33% from CNY 0.5398 in 2018[40]. - The weighted average return on equity for 2019 was 7.60%, down from 12.34% in 2018[40]. - The company reported a net profit attributable to shareholders of RMB 36,165,935.83 for the year 2019[135]. - The total distributable profit at the end of 2019 was RMB 172,918,950.83, with a capital reserve balance of RMB 188,732,257.97[135]. Business Strategy and Growth Areas - The semiconductor industry is identified as a key growth area, with a focus on semiconductor design and a goal of achieving an average annual performance growth of no less than 50% over the next five years[13]. - The company emphasizes a dual-industry growth curve, combining barcode recognition and semiconductor industries to support sustainable development[13]. - The company plans to enhance its product line by developing profitable new products to provide more options for customers in 2020[22]. - The company plans to actively pursue investment and acquisition opportunities in the semiconductor sector, focusing on semiconductor design and supply chain[53]. - The company plans to focus on barcode recognition and semiconductor industries, aiming to enhance product cost-performance and develop higher-end product lines[117]. - The company will implement a differentiated market competition strategy in the electronic components distribution business, focusing on leading clients in emerging markets[119]. Research and Development - Increased investment in research and development is planned to offer more customized design products, enhancing customer loyalty[22]. - The company obtained 2 new invention patents, 6 utility model patents, and 1 design patent during the reporting period, bringing the total authorized patents to 57[69]. - The company has committed to increasing research and development investment to improve production efficiency and lower production costs[154]. - The company will continue to focus on new product development based on in-depth market analysis and technical feasibility assessments to mitigate R&D risks[121]. Governance and Investor Relations - The company has committed to a governance structure that aligns the interests of the management team with those of the shareholders[8]. - The company is focused on maintaining a long-term, stable, and healthy relationship with investors through frequent communication and transparency[10]. - The company emphasizes the importance of maintaining vigilance in a rapidly changing global environment filled with uncertainties[22]. - The company has established a robust internal control system to protect shareholder and creditor rights, ensuring transparency in profit distribution[195]. Cash Dividend Policy - A cash dividend of 1 RMB per 10 shares (including tax) is proposed for shareholders, based on a total of 99,000,000 shares[26]. - The cash dividend distribution plan proposed a cash dividend of RMB 1 per 10 shares, totaling RMB 9,900,000 (including tax), based on a total share capital of 99,000,000 shares[136]. - The cash dividend amount represented 27.37% of the net profit attributable to shareholders for 2019[138]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during periods of significant capital expenditure[134]. Market and Industry Challenges - The company acknowledges the impact of global trade tensions, particularly the China-U.S. trade dispute, on the global industrial landscape[22]. - The company faces industry cyclical risks and market competition risks, with strategies in place to mitigate these challenges[118][119]. - The demand for specialized talent in the barcode recognition and semiconductor industries is increasing, posing a risk of talent shortages if not addressed[121]. Operational Efficiency and Management - The company has upgraded its ERP system to a unified, interconnected cloud management platform, enhancing real-time data access and operational efficiency[17]. - The company is currently optimizing and upgrading existing production lines to enhance automation and production efficiency[111]. - The company aims to enhance operational efficiency and reduce operating costs through improved management and budget control[154]. Acquisitions and Investments - The investment and acquisition strategy primarily involves controlling stakes and cash transactions, with a requirement for acquired teams to invest a significant portion of their cash in the company's stock[11]. - The company signed a significant acquisition of 51.0044% equity in Shenzhen Guanghe Display Technology Co., Ltd., expanding its consolidation scope[80]. - The company has committed to continuous investment in mergers and acquisitions to strengthen its position in the semiconductor industry[62]. Environmental and Social Responsibility - Shenzhen Mind Electronics is committed to environmental protection and sustainable development through technological innovation[197]. - The company does not fall under the category of key pollutant discharge units as per environmental protection regulations[199]. - The company has not yet initiated targeted poverty alleviation efforts but plans to focus on this in the future[198].

Financial Performance - Operating revenue for the reporting period was CNY 53,874,519.65, down 49.07% year-on-year[7]. - Net profit attributable to shareholders was CNY 6,077,401.71, a decrease of 63.85% compared to the same period last year[7]. - Basic earnings per share were CNY 0.0614, down 63.84% year-on-year[7]. - Total operating revenue for Q3 2019 was CNY 53,874,519.65, a decrease of 49.1% compared to CNY 105,781,204.28 in the same period last year[35]. - Net profit for Q3 2019 was CNY 6,287,697.96, a decline of 65.1% from CNY 18,040,630.66 in Q3 2018[37]. - Earnings per share for Q3 2019 was CNY 0.0614, down from CNY 0.1698 in the same quarter last year[38]. - The total comprehensive income for Q3 2019 was CNY 7,259,716.55, a decrease of 64.0% from CNY 20,155,693.54 in Q3 2018[38]. - The total profit for the third quarter was CNY 25,176,506.33, a decrease of 47.5% from CNY 48,009,738.62[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 615,705,296.42, a decrease of 0.42% compared to the end of the previous year[7]. - The company's total assets increased due to the implementation of new financial instrument standards, with bank wealth management products increasing compared to the end of the previous year[17]. - Total current assets decreased from CNY 456.51 million to CNY 451.39 million, a decline of approximately 1.5%[26]. - Total non-current assets increased from CNY 161.80 million to CNY 164.32 million, an increase of about 1.6%[27]. - Total liabilities decreased from CNY 152.14 million to CNY 138.17 million, a reduction of approximately 9.2%[28]. - Total equity increased from CNY 466.16 million to CNY 477.53 million, an increase of about 2.9%[29]. - Total liabilities reached CNY 93,968,675.78, with current liabilities at CNY 37,570,291.81 and non-current liabilities at CNY 56,398,383.97[67]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 36,297,398.04, an increase of 229.24%[7]. - Operating cash inflow for the period was CNY 214,119,046.84, up from CNY 185,018,852.46, representing an increase of about 15.7%[52]. - The net cash flow from operating activities was CNY 36,297,398.04, a significant recovery from a net outflow of CNY 28,085,294.59 in the previous period[52]. - Cash flow from investment activities showed a net outflow of CNY 3,110,066.35, down from a net inflow of CNY 47,640,782.32 in the previous period[52]. - Cash flow from financing activities resulted in a net outflow of CNY 40,279,613.70, compared to a net inflow of CNY 12,218,864.17 in the previous period[53]. - The ending balance of cash and cash equivalents was CNY 38,501,880.11, down from CNY 55,372,707.95 in the previous period, reflecting a decrease of approximately 30.4%[53]. Shareholder Information - The total number of shareholders at the end of the reporting period was 6,977[10]. - The top ten shareholders collectively held 27.93% of the company's shares, with the largest shareholder holding 14.39%[10][11]. - There were no changes in the company's total share capital due to new share issuance or other reasons during the reporting period[7]. Expenses - Sales expenses increased by 36.27% year-to-date compared to the same period last year, mainly due to the inclusion of sales expenses from a subsidiary for the full reporting period[19]. - Financial expenses increased by 47.33% year-to-date compared to the same period last year, primarily due to an increase in overall bank borrowings[19]. - Research and development expenses for Q3 2019 were CNY 3,612,961.91, a significant decrease of 59.0% compared to CNY 8,814,600.12 in Q3 2018[35]. - Research and development expenses for the third quarter were CNY 12,420,732.53, down 16.1% from CNY 14,837,254.68[44]. Government Subsidies - The company received government subsidies amounting to CNY 1,867,044.19 during the reporting period[8].