证券代码：300686 证券简称：智动力 编号：2023-001 深圳市智动力精密技术股份有限公司 | --- | --- | --- | |----------------|----------------|------------------------| | | | 投资者关系活动记录表 | | | □ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | ■ 业绩说明会 | | 投资者关系活动 | | | | | □ 新闻发布会 | □ 路演活动 | | 类别 | | | | | □ 现场参观 | □ 一对一沟通 | | | □ 其他 | | | 参与单位名称及 | | | | | 参加公司 2022 | 年度业绩说明会的投资者 | 人员姓名 时间 2023 年 5 月 23 日 15:00-17:00 地点 嘉宾参会会场：东莞智动力电子科技有限公司二楼会议室； 网络平台："价值在线"（www.ir-online.cn）。 董事长：吴加维先生 总经理：杨依明先生 上市公司 副总经理、董事会秘书：曹晴先生 出席人员 财务总监：李明辉先生 独立董事：杨文先生 保荐代表人：史松祥先生 公司 202 ...

证券代码：300686 证券简称：智动力 公告编号：2023-014 深圳市智动力精密技术股份有限公司 关于举办 2022 年度网上业绩说明会的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假 记载、误导性陈述或者重大遗漏。 深圳市智动力精密技术股份有限公司（以下简称"公司"）于2023年04月28 日在中国证监会指定的信息披露网站巨潮资讯网（www.cninfo.com.cn）上披露 《2022年年度报告》全文及其摘要。 董 事 会 2023 年 4 月 28 日 出席本次年度业绩说明会的人员有：公司董事长吴加维先生、总经理杨依明 先生、副总经理兼董事会秘书曹晴先生、财务总监李明辉先生、独立董事杨文先 生和保荐代表人史松祥先生。 为充分尊重中小投资者、提升交流的针对性，以提升公司治理水平，现就公 司2022年度业绩说明会提前向投资者公开征集问题，广泛听取投资者的意见和建 议，投资者可于2023年05月22日（星期一）中午12:00前将所关注的问题通过电 子邮件的形式发送至邮箱（zhi.yan@szcdl.com）。公司将在2022年度业绩说明会 上对投资者普遍关注的问题进行回复交流。 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥294,842,876.79, a decrease of 39.47% compared to ¥487,101,896.30 in the same period last year[6] - The net profit attributable to shareholders was a loss of ¥44,888,672.68, representing a decline of 521.62% from a profit of ¥10,646,614.87 in the previous year[6] - The net cash flow from operating activities decreased by 55.54%, amounting to ¥28,242,905.05 compared to ¥63,524,931.73 in the prior year[6] - Total operating revenue for Q1 2023 was CNY 294.84 million, a decrease of 39.4% compared to CNY 487.10 million in Q1 2022[34] - Net loss attributable to the parent company was CNY 44.89 million in Q1 2023, compared to a net profit of CNY 10.65 million in Q1 2022[35] - Basic and diluted earnings per share for Q1 2023 were both -CNY 0.1722, a decline from CNY 0.0403 in Q1 2022[35] - The company reported a decrease in other comprehensive income, with a net loss of CNY 3.80 million in Q1 2023 compared to a loss of CNY 1.36 million in Q1 2022[35] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,555,821,071.53, reflecting a slight increase of 0.79% from ¥2,535,892,734.91 at the end of the previous year[6] - The company's total assets increased to CNY 2.56 billion in Q1 2023, up from CNY 2.54 billion in Q1 2022[32] - Total liabilities rose to CNY 1.19 billion in Q1 2023, compared to CNY 1.12 billion in the previous year[32] - The company’s total equity attributable to shareholders decreased by 3.94% to ¥1,363,334,096.29 from ¥1,419,186,352.49 at the end of the previous year[6] - The total equity attributable to shareholders decreased to CNY 1.36 billion in Q1 2023 from CNY 1.42 billion in Q1 2022[32] Cash Flow - Cash received from sales decreased by 38.93% to ¥329,057,214.68 compared to the previous period[18] - Cash obtained from new bank loans increased by 89.10% to ¥90,000,000.00, reflecting an increase in new bank loans[18] - The net cash flow from financing activities increased significantly to $66,366,216.03, compared to a negative cash flow of $16,489,542.57 in the previous period[39] - The total cash and cash equivalents at the end of the period amounted to $518,996,392.01, a decrease from $576,685,979.11 in the previous period[39] - The cash inflow from sales of goods and services was $329,057,214.68, a decrease of 38.9% from $538,847,686.69 in the previous period[38] Expenses and Financial Metrics - Financial expenses surged by 287.91% to ¥6,567,042.58, mainly due to increased interest expenses and reduced foreign exchange gains[15] - The company experienced a 51.98% reduction in taxes and surcharges, amounting to ¥742,290.62, attributed to lower urban construction tax and education fees[15] - The company recorded an asset impairment loss of ¥8,680,657.61, which is an increase of 485.26% compared to the previous year, indicating a significant rise in inventory write-downs[15] - Research and development expenses remained stable at CNY 21.82 million, slightly down from CNY 21.87 million in the previous year[34] Shareholder Information - The number of ordinary shareholders at the end of the period was 17,292[21] - The largest shareholder, Wu Jiawei, holds 18.03% of the shares, amounting to 47,879,986 shares[21]

Financial Performance - The company reported a significant loss during the reporting period, with specific reasons and analysis detailed in the management discussion section[4]. - In 2022, the company's operating revenue was ¥1,744,667,995.04, a decrease of 19.45% compared to ¥2,166,021,668.21 in 2021[21]. - The net profit attributable to shareholders was -¥256,283,973.89, representing a decline of 556.12% from a profit of ¥56,188,293.26 in 2021[21]. - The net profit after deducting non-recurring gains and losses was -¥278,971,715.31, a decrease of 642.22% compared to ¥51,450,254.76 in 2021[21]. - The total assets at the end of 2022 were ¥2,535,892,734.91, down 10.51% from ¥2,833,713,608.00 at the end of 2021[21]. - The net assets attributable to shareholders decreased by 17.88% to ¥1,419,186,352.49 from ¥1,728,212,904.58 in 2021[21]. - In Q4 2022, the company reported a net profit attributable to shareholders of -¥272,311,388.37, following a trend of declining profits throughout the year[24]. - Total revenue for 2022 was approximately ¥1.74 billion, a decrease of 19.45% compared to ¥2.17 billion in 2021[56]. - Revenue from the communications industry was approximately ¥1.74 billion, accounting for 99.99% of total revenue, down 17.30% year-over-year[58]. - Functional electronic devices generated revenue of approximately ¥686.43 million, representing 39.34% of total revenue, a decrease of 13.38% from the previous year[56]. - Structural electronic devices accounted for approximately ¥956.60 million, or 54.83% of total revenue, down 14.54% year-over-year[56]. - Domestic revenue was approximately ¥1.05 billion, making up 60.04% of total revenue, a decline of 20.17% compared to the previous year[58]. - Gross profit margin for the communications industry was 12.11%, down 6.36% year-over-year[58]. Cash Flow and Investments - The company generated a net cash flow from operating activities of ¥147,822,694.32, an increase of 3.51% from ¥142,806,612.26 in 2021[21]. - Operating cash inflow totaled ¥1,782,609,784.03 in 2022, down 21.71% from ¥2,276,904,636.53 in 2021, while operating cash outflow decreased by 23.40%[76]. - Investment activities generated a net cash inflow of ¥32,276,713.26, a significant increase of 105.48% from -¥588,654,176.75 in 2021[76]. - The net increase in cash and cash equivalents was ¥39,331,477.30, a 104.23% rise from -¥930,045,280.91 in 2021[76]. - The company reported an asset impairment of ¥221,993,179.38, accounting for 86.71% of total profit, primarily due to provisions for bad debts and inventory write-downs[80]. Research and Development - The company has applied for a total of 326 intellectual property rights, with 222 of them granted as of December 31, 2022, showcasing its strong R&D capabilities[49]. - Research and development expenses were approximately ¥93.71 million, a decrease of 18.72% compared to ¥115.30 million in 2021[71]. - The company's R&D investment amounted to ¥93,714,167.35 in 2022, representing 5.37% of total revenue, a slight increase from 5.32% in 2021[73]. - The number of R&D personnel decreased by 16.04% from 212 in 2021 to 178 in 2022, with a corresponding drop in the proportion of R&D staff from 5.51% to 4.84%[73]. - The company has ongoing R&D projects focused on flexible defect detection equipment and composite board manufacturing processes, with several patents applied for[72]. - The company aims to enhance product competitiveness and market share through new technology and product development initiatives[73]. Market Conditions and Future Outlook - Future development strategies and operational plans are subject to market conditions, indicating uncertainty in achieving projected profitability[4]. - The global smartphone shipment in 2022 was approximately 1.21 billion units, a year-on-year decline of 11.3%[34]. - The domestic smartphone market saw a total shipment of 272 million units in 2022, down 22.6% from the previous year[34]. - The global wearable device shipment is projected to reach 523 million units in 2023, driven by the growth of 5G technology and consumer demand[36]. - The company plans to expand its business in the consumer electronics sector and new energy battery field, aiming to enhance its market share and become a leading enterprise in functional and structural components[109]. - The company aims to leverage new technologies such as 5G and AI to drive growth in the consumer electronics industry[109]. Corporate Governance and Management - The company held its annual general meeting with a participation rate of 39.65% on April 20, 2022[128]. - The company appointed Yang Yiming as the new general manager on November 1, 2022, following the resignation of Wu Jiwei from the position[138]. - The board of directors underwent a re-election process on July 11, 2022, with new appointments including Chen Danhua and Kang Li as directors[136]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 4.9864 million yuan[148]. - The company has independent directors, including Yang Wen, who has served since 2018, and has received 50,000 yuan in remuneration[148]. - The company has established a dedicated committee to oversee the nomination of board members, enhancing governance practices[153]. - The company has a diverse board with members holding various positions in academia and other organizations, enhancing its governance structure[145]. - The company has established a clear framework for determining remuneration based on profitability and industry standards[147]. Compliance and Risk Management - The company has established a risk management organization to supervise and evaluate internal control management[164]. - The internal control evaluation report indicated that 100% of the assets and revenue of the evaluated units were included in the consolidated financial statements[166]. - The company has not faced any penalties for environmental violations during the reporting period, adhering strictly to relevant environmental laws[174]. - The company has not encountered any significant environmental issues, maintaining compliance with environmental protection laws[174]. - The company is committed to fulfilling its social responsibilities, including lawful tax payments and promoting employment through public recruitment[177]. Shareholder and Employee Relations - The company emphasizes the protection of shareholder rights, ensuring equal rights for all shareholders and actively implementing cash dividend policies[175]. - Employee rights are prioritized, with a focus on providing a safe working environment and regular health check-ups[176]. - The company has established a comprehensive employee training system to enhance overall employee quality and talent reserves[157]. - The company has implemented a multi-tiered employee compensation system to align salaries with job value[156]. Audit and Financial Reporting - The financial audit report issued by the accounting firm included a reserved opinion due to insufficient evidence regarding the reasonableness of the company's accounting estimates[189]. - The auditing firm issued a qualified opinion on the financial report, indicating insufficient evidence regarding the reasonableness of the accounting estimates related to goodwill impairment[192]. - The company plans to promote further audit procedures on the goodwill impairment testing until a revised opinion is issued by the auditing firm[195]. - The company has retained the auditing firm Xin Yong Zhong He for two consecutive years, with an audit fee of RMB 750,000[198].

Group 1: Company Overview - The company specializes in customized non-standard components, primarily functional devices for mobile phones, with internal and external functional devices [3] - Sales of heat dissipation products, such as graphite heat sinks, increased from 1.7% in 2015 to 14.7% in 2016, with a year-on-year sales growth of nearly 90 million yuan [3] - Future plans include expanding core business and exploring opportunities to engage in the entire industry chain [3] Group 2: Client Base and Market Strategy - Major clients include Samsung, Lens Technology, OFILM, and Jingsheng Precision, with a significant revenue contribution from Samsung [3] - High client concentration is a key consideration for future strategic development [3][4] - The company aims to leverage industry consolidation to develop potential high-quality customer resources in the Pearl River Delta region [4] Group 3: Competitive Landscape - Main competitors are leading brands from South Korea and domestic markets [4] - The company possesses industry-leading production technology and quality customer resources due to years of specialized development [4] - Continuous investment in R&D and production process upgrades are essential for enhancing core competitiveness [4][5] Group 4: Industry Trends and Challenges - The rapid development of modern internet technology and the increasing demand for smart electronic products present significant market opportunities [5] - Higher precision requirements for components necessitate advancements in product design and production processes [5] - The company faces challenges in maintaining competitive advantages while meeting the evolving technical demands of the market [5]

Group 1: Company Performance - In Q1 2019, the company achieved operating revenue of 41,217.47 million RMB, a year-on-year increase of 205.83% [3] - Net profit for Q1 2019 was 4,545.42 million RMB, representing a year-on-year increase of 1,247.58% [3] - The increase in performance is attributed to strong sales of Samsung's S and A series smartphones and the introduction of new orders [4] Group 2: Impact of Trade Relations - The current US-China trade situation has minimal impact on the company, as it maintains long-term cooperative relationships with major clients like Samsung [3] - The company is actively expanding its domestic and international customer base [3] Group 3: Product Advantages - Composite materials offer higher cost-performance compared to glass, with advantages in impact resistance and lightweight properties [4] - Composite materials are easier to process and can achieve diverse designs, while also being cost-effective and efficient in production [4] Group 4: Application Areas and Value - Internal functional components are primarily used in mobile phone screen modules and housings, with an average unit value of 10-15 RMB [5] - External functional components serve protective and guiding roles on mobile phone surfaces, with an average unit value of 4-7 RMB [5] - Structural components, made from PC+PMMA materials, replace traditional glass and metal back covers, with an average unit value of 25-30 RMB [5][6]

Financial Performance - The company's revenue for Q3 2022 was ¥406,712,970.84, a decrease of 30.98% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥6,277,764.25, representing a decline of 134.73% year-on-year[6]. - Operating revenue for the first nine months of 2022 was CNY 1,326,356,218.51, a decrease of 22.53% compared to CNY 1,712,189,185.89 in the same period of 2021[15]. - Net profit for the period was CNY 16,027,414.48, a decline of 78.9% from CNY 76,244,197.98 in the same quarter last year[33]. - Operating profit decreased to CNY 20,573,125.15, down 76.4% from CNY 87,041,872.45 in the previous year[32]. - The company reported a total comprehensive income of CNY 24,987,895.64, down from CNY 72,003,119.04 in the previous year[33]. - Basic and diluted earnings per share were CNY 0.0610, significantly lower than CNY 0.2866 in the same quarter last year[33]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥168,043,183.31, an increase of 185.35% compared to the previous year[6]. - Cash flow from operating activities generated CNY 168,043,183.31, an increase from CNY 58,889,970.32 in the same period last year[36]. - Cash flow from investing activities showed a significant improvement, with a net inflow of CNY 102,884,659.58 compared to a net outflow of CNY 143,964,882.56 in the previous year[18]. - Cash flow from financing activities resulted in a net outflow of CNY 192,304,453.37, improving from a net outflow of CNY 475,533,040.17 in the same period last year[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,709,313,180.86, down 4.39% from the end of the previous year[6]. - The company's equity attributable to shareholders decreased by 1.83% to ¥1,696,635,431.55 compared to the end of the previous year[6]. - Total current liabilities decreased to CNY 882,156,917.00 from CNY 902,335,735.52, indicating a reduction of about 2.6%[29][30]. - The company's total liabilities decreased to CNY 1,012,677,749.31 from CNY 1,105,500,703.42, indicating a decrease of about 8.4%[30]. - The total non-current liabilities decreased to CNY 130,520,832.31 from CNY 203,164,967.90, a significant reduction of approximately 35.7%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,703, with no preferred shareholders[20]. - The largest shareholder, Wu Jiwei, holds 18.03% of the shares, amounting to 47,879,986 shares, with 18,000,000 shares pledged[21]. - The company reported a total of 67,121,353 shares under lock-up restrictions as of the end of the reporting period[26]. Inventory and Receivables - The company reported a significant increase in accounts receivable financing, which rose by 257.75% to ¥92,372,510.37[12]. - The company’s inventory shares increased by 407.34% to ¥57,911,122.20, reflecting its stock repurchase plan[12]. - The accounts receivable decreased to CNY 351,464,328.52 from CNY 498,156,213.58, a decline of approximately 29.5%[28]. - The inventory level increased slightly to CNY 241,652,922.92 from CNY 231,188,916.65, representing an increase of about 4.3%[28]. Expenses - Operating costs decreased by 18.70% to CNY 1,145,958,048.68 from CNY 1,409,600,792.91, primarily due to a decline in business volume[15]. - Research and development expenses decreased by 21.87% to CNY 66,920,588.76, attributed to a reduction in R&D projects and slower progress on certain projects[15]. - The company experienced a significant increase in other operating income, which rose by 2475.47% to CNY 2,738,964.11, primarily due to the reversal of previously accrued liabilities[15]. Government Subsidies and Investment Income - The company recorded a government subsidy of ¥2,526,397.55 during the reporting period, contributing to its non-operating income[8]. - Investment income rose by 129.88% to CNY 7,431,745.75, mainly due to increased interest income from maturing structured deposits[18].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥919,643,247.67, a decrease of 18.10% compared to ¥1,122,890,956.21 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was ¥22,305,178.73, down 61.60% from ¥58,083,513.52 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥14,301,410.59, a decline of 74.92% compared to ¥57,030,850.38 in the same period last year[21]. - The basic earnings per share for the first half of 2022 were ¥0.0847, a decrease of 61.25% from ¥0.2186 in the same period last year[21]. - The diluted earnings per share were also ¥0.0847, reflecting the same percentage decrease of 61.25% compared to the previous year[21]. - The weighted average return on equity was 1.30%, down from 3.01% in the same period last year, a decrease of 1.71%[21]. - The company's revenue for the reporting period was approximately ¥919.64 million, a decrease of 18.10% compared to ¥1.12 billion in the same period last year, primarily due to economic downturn affecting both business volume and product pricing[45]. - The company's operating costs decreased by 13.62% to ¥793.43 million from ¥918.53 million, attributed to the decline in business volume[45]. - The company reported a significant loss of approximately ¥12.69 million in operating profit for the period[79]. - The total comprehensive income for the first half of 2022 was CNY 24,913,860.88, contributing positively to the equity despite other reductions[185]. Cash Flow and Assets - The net cash flow from operating activities increased by 33.00% to ¥104,728,750.13, compared to ¥78,743,126.10 in the previous year[21]. - As of June 30, 2022, cash and cash equivalents amounted to ¥410,645,467.53, representing 14.99% of total assets, an increase of 2.58% compared to the previous year[52]. - The total assets at the end of the reporting period were ¥2,739,662,805.83, a decrease of 3.32% from ¥2,833,713,608.00 at the end of the previous year[21]. - The company's current assets totaled CNY 1,474,566,280.39, down from CNY 1,649,756,305.04[160]. - The total liabilities of the company were CNY 1,036,591,153.20, down from CNY 1,105,500,703.42[162]. - The company's total equity at the end of the first half of 2022 was CNY 1,737,783,678.43, down from CNY 2,023,809,716.53 at the end of the previous year[183]. Investment and R&D - Research and development expenses were ¥43.26 million, down 24.31% from ¥57.16 million, due to a reduction in R&D projects and slower progress on certain projects[45]. - The company has a strong focus on technological innovation and has built a robust R&D team to ensure the continuous delivery of high-quality products[38]. - The company plans to enhance its R&D capabilities to keep pace with rapid technological advancements in the industry[84]. - The company is committed to expanding its market presence and optimizing its business structure to ensure sustainable profitability[86]. Market Conditions - The global smartphone market saw a decline in shipments, with a 11% year-on-year decrease in Q1 2022 and a 9% decrease in Q2 2022[34]. - The domestic smartphone market's total shipments in the first half of 2022 were 136 million units, a year-on-year decline of 21.7%[34]. - The company faces market risks due to cyclical fluctuations in demand from downstream industries, which could lead to reduced orders[83]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company emphasizes the protection of shareholder rights and ensures equal rights for all shareholders[99]. - The company has undergone a board restructuring with new appointments effective from July 11, 2022[102]. - The new general manager, Wu Jiwei, was appointed following the board restructuring[102]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[105]. Compliance and Legal Matters - The semi-annual financial report was not audited[107]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[98]. - The company strictly adheres to environmental laws and has not been penalized for violations during the reporting period[98]. - There were no significant litigation matters reported[110]. - The company successfully defended against a lawsuit involving a claim of 52.39 million RMB, with the court ruling in favor of the company[110]. Share Capital and Repurchase - The company has repurchased a total of 4,300,020 shares, accounting for 1.62% of the total share capital, with a total expenditure of RMB 53,117,542.20, at a maximum price of RMB 15.00 per share and a minimum price of RMB 10.13 per share[138]. - The share repurchase plan was approved with a budget between RMB 50 million and RMB 70 million, with a maximum repurchase price of RMB 20.00 per share, and the repurchase period is set for 12 months from the approval date[137]. - The total number of shares at the end of the reporting period is 265,624,240[138]. - Major shareholders include Wu Jiwei holding 18.03% (47,879,986 shares) and Chen Yichun holding 15.44% (41,006,355 shares), both of whom have pledged a portion of their shares[143].

Financial Performance - The company's revenue for Q1 2022 was ¥487,101,896.30, a decrease of 21.02% compared to ¥616,744,346.19 in the same period last year[4] - Net profit attributable to shareholders was ¥10,646,614.87, down 76.20% from ¥44,735,620.97 year-on-year[4] - Basic earnings per share fell to ¥0.0403, a decline of 76.05% compared to ¥0.1683 in the same period last year[4] - Total operating revenue for Q1 2022 was CNY 487.10 million, a decrease of 21% compared to CNY 616.74 million in Q1 2021[25] - Net profit for Q1 2022 was CNY 10.65 million, a significant decline of 76% from CNY 44.71 million in Q1 2021[25] - Basic and diluted earnings per share for Q1 2022 were CNY 0.0403, compared to CNY 0.1683 in Q1 2021, indicating a decrease of 76%[26] Cash Flow - The net cash flow from operating activities decreased by 31.12% to ¥63,524,931.73 from ¥92,228,673.25 in the previous year[4] - The total cash inflow from operating activities for Q1 2022 was ¥560,770,687.57, a decrease of 28.14% compared to ¥779,738,355.25 in the same period last year[28] - The cash outflow for operating activities was ¥497,245,755.84, a decrease of 27.73% compared to ¥687,509,682.00 in Q1 2021[28] - The cash inflow from investment activities totaled ¥328,833,704.38, significantly higher than ¥11,532,307.12 in Q1 2021[29] - The net cash flow from investment activities was ¥182,356,500.24, a turnaround from a negative cash flow of -¥73,821,885.55 in the previous year[29] - The cash inflow from financing activities was ¥47,593,776.18, compared to ¥19,363,416.61 in Q1 2021[29] - The net cash flow from financing activities was -¥16,489,542.57, an improvement from -¥203,919,419.18 year-over-year[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,828,002,371.04, a slight decrease of 0.20% from ¥2,833,713,608.00 at the end of the previous year[4] - The company's total assets amounted to CNY 2.83 billion, slightly down from CNY 2.83 billion at the end of the previous quarter[22] - Total liabilities were CNY 1.11 billion, showing a marginal increase from CNY 1.11 billion in the previous quarter[22] - Non-current assets totaled CNY 1.25 billion, an increase from CNY 1.18 billion in the previous quarter[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,720[14] - The top shareholder, Wu Jiwei, holds 18.03% of the shares, amounting to 47,879,986 shares[14] Other Financial Metrics - The company reported a significant increase in cash and cash equivalents, rising by 65.28% to ¥581,037,917.92 due to the maturity of structured deposits[8] - The company experienced a 52.83% decrease in trading financial assets, which fell to ¥200,415,361.38 from ¥424,843,731.79[8] - The company recorded a 1133.59% increase in investment income, amounting to ¥3,027,701.44 compared to ¥245,439.20 in the previous year[10] - The cash paid for financing activities decreased by 54.66% to ¥56,400,783.28, primarily due to reduced payments for the acquisition of a 49% stake in Artes[12] - The cash paid for debt repayment decreased by 93.46% to ¥5,601,977.91, indicating a significant reduction in bank loan repayments[12] - The company received cash from new bank loans amounting to ¥47,593,776.18 during the period[12] - The company reported a significant decrease of 98.00% in the impact of exchange rate fluctuations on cash and cash equivalents, amounting to ¥91,814.64[12] - Research and development expenses for Q1 2022 were CNY 21.87 million, down from CNY 27.71 million in Q1 2021, reflecting a decrease of approximately 21%[25] Future Outlook - The company plans to focus on market expansion and new product development to drive future growth[25]

Financial Performance - The company's operating revenue for 2021 was ¥2,166,021,668.21, a decrease of 6.72% compared to ¥2,322,012,271.99 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥56,188,293.26, down 46.50% from ¥105,026,899.69 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥51,450,254.76, a decline of 47.46% from ¥97,928,652.75 in 2020[18]. - The net cash flow from operating activities decreased by 43.74% to ¥142,806,612.26 from ¥253,810,783.13 in 2020[18]. - Basic earnings per share for 2021 were ¥0.2115, down 58.72% from ¥0.5124 in the previous year[18]. - Total assets at the end of 2021 were ¥2,833,713,608.00, a decrease of 17.81% from ¥3,447,865,619.31 at the end of 2020[18]. - The net assets attributable to shareholders decreased by 9.62% to ¥1,728,212,904.58 from ¥1,912,156,396.27 in 2020[18]. - The weighted average return on net assets was 2.92%, down 10.13% from 13.05% in the previous year[18]. Revenue Breakdown - Revenue from the communication industry accounted for 97.38% of total revenue, amounting to ¥2,109,327,254.15, which represents a decrease of 1.49% year-on-year[39]. - The company's gross profit margin for functional electronic devices was 27.10%, while for structural electronic devices it was 12.33%, reflecting a decrease of 10.85% and 1.77% respectively compared to the previous year[41]. - Sales volume of functional electronic devices increased by 53.72% year-on-year, reaching 610.6 million square meters, driven by an increase in order quantity[43]. - The optical components segment saw a revenue increase of 34.41%, with total revenue reaching ¥245,432,946.84[39]. - Domestic sales accounted for 60.58% of total revenue, amounting to ¥1,312,079,501.86, while international sales decreased by 15.71% to ¥853,664,777.77[39]. Investment and R&D - The company’s R&D expenditure in 2021 was ¥115,304,874.74, accounting for 5.32% of total revenue, which is an increase from 4.95% in 2020[56]. - The company has a strong focus on R&D, continuously improving production processes and product value to meet market demands and enhance customer satisfaction[37]. - The company completed several key R&D projects, including the development of a new high-pressure machine structure aimed at improving production automation[54]. - The company has outlined potential risks and countermeasures in its future development outlook section[4]. Cash Flow and Financial Position - The net cash flow from operating activities for 2021 was ¥142,806,612.26, a decrease of 43.74% compared to 2020, primarily due to increased cash payments for goods and services[57]. - The net cash flow from investing activities was -¥588,654,176.75 in 2021, a decline of 167.08% year-over-year, mainly due to the purchase of structured deposits[57]. - The net cash flow from financing activities was -¥480,749,153.21, down 143.76% from 2020, attributed to the previous year's fundraising and payments for the acquisition of a 49% stake in a subsidiary[57]. - The total cash and cash equivalents decreased by ¥930,045,280.91, representing a decline of 182.61% compared to the previous year[57]. Shareholder Information - The company plans to distribute a cash dividend of ¥0.38 per 10 shares, based on a total of 264,824,240 shares[4]. - The total undistributed profit at the end of 2021 was 483,058,750.91 yuan, with the parent company's undistributed profit at 312,899,850.46 yuan[136]. - The company’s cash dividend accounted for 100% of the total profit distribution amount[135]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 4.472 million[118]. Governance and Management - The company experienced a change in senior management, with the resignation of two executives due to personal reasons during the reporting period[110]. - The company appointed a new financial director, Li Minghui, on November 29, 2021, following the resignation of the previous director[110]. - The company’s board of directors includes a mix of experienced professionals, with the chairman being in position since January 29, 2013[109]. - The company has a diverse management team, with members holding various roles and responsibilities across different departments[111]. Compliance and Internal Control - The internal control audit report received a standard unqualified opinion, indicating no discrepancies in internal controls[145]. - The company has not reported any significant internal control deficiencies during the reporting period, indicating effective governance practices[142]. - The company has implemented a cash dividend policy to ensure shareholder returns, actively protecting shareholder rights[150]. - The company has not faced any objections from directors regarding company matters during the reporting period[124]. Market Trends and Future Outlook - The consumer electronics industry is experiencing rapid growth, with smartphone shipments expected to reach 1.35 billion units in 2021, a 5.3% increase year-over-year[27]. - The market for smart wearable devices is projected to grow significantly, driven by advancements in 5G and AI technologies, positioning the company to capitalize on this trend[28]. - The company aims to enhance its market position in the consumer electronics sector and smart terminal devices, targeting to become a global leader in functional and structural components[92]. - The company acknowledges risks related to investment projects not meeting expectations due to macroeconomic fluctuations and industry cycles[95].