证券代码：300726 证券简称：宏达电子 公告编号：2022-060 株洲宏达电子股份有限公司 关于参加湖南辖区上市公司 2022 年投资者 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。 为进一步强化与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，株洲宏达电子股份有限公司（以下简称"公司"）将参加由中国证券监督 管理委员会湖南监管局、湖南省上市公司协会与深圳市全景网络有限公司联合举 办的"湖南辖区上市公司 2022 年投资者网上集体接待日活动"活动，现将有关 事项公告如下： 本次投资者网上集体接待日活动将通过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，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net）参与公司本次投资者集体接待日活动，活动时间为 2022 年 9 月 29 日（星期四）下午 15:30－16:55。 届时公司董事会秘书、证券事务代表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。 株洲宏达电子股份有限公司 董 事 会 202 ...

Financial Performance - The company reported a significant increase in revenue, with a growth rate of 25% compared to the previous year, reaching a total of 500 million RMB for the first half of 2022[25]. - The company achieved operating revenue of CNY 1,102,744,374.83, representing a 19.51% increase compared to the same period last year[33]. - Net profit attributable to shareholders reached CNY 450,005,244.66, a 12.68% increase year-over-year[33]. - The net profit after deducting non-recurring gains and losses was CNY 417,701,941.65, up 16.57% from the previous year[33]. - The company reported a net profit increase, with undistributed profits reaching CNY 1,771,524,418.35, up from CNY 1,573,678,411.25, a growth of 12.6%[189]. - The company's net profit for the first half of 2022 was ¥494,568,652.42, compared to ¥432,963,682.27 in the first half of 2021, reflecting an increase of 14.2%[196]. User Growth and Market Expansion - The number of active users increased by 15%, totaling 1.2 million users, indicating strong market demand for the company's products[25]. - The company plans to expand its market presence by entering two new international markets by the end of 2022, aiming for a 10% market share in these regions[25]. - User data indicates an increase in active users by 10% to 1.2 million in the first half of the year[115]. - The company plans to expand its market presence by entering two new provinces by the end of the year[115]. Product Development and Innovation - New product development efforts have led to the launch of three innovative electronic components, which are expected to contribute an additional 100 million RMB in revenue[25]. - The company launched new products including optocouplers and high-capacity polymer aluminum capacitors during the reporting period[44]. - New product development includes the launch of a next-generation electronic component expected to increase market share by 5%[115]. Financial Management and Investments - The company is actively pursuing strategic acquisitions to enhance its technology capabilities, with a budget of 200 million RMB allocated for potential mergers and acquisitions[25]. - The company reported a significant increase in investment amounting to ¥2,267,134,016.56, a 344.00% increase compared to the same period last year[64]. - The total amount of funds raised was ¥99,366.25 million, with ¥46,001.47 million invested during the reporting period[69]. - The company has ongoing projects in the electronic components sector, with a total investment of ¥320,631,116.56 in various projects[65]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of CNY 114,949,659.58, a decrease of 52.24% compared to the previous year[33]. - The company experienced a net increase in cash and cash equivalents of -¥941,481,151.82, a decrease of 1,929.50% compared to an increase of ¥51,461,065.45 in the previous year[53]. - Cash and cash equivalents decreased by 19.46% to ¥303,557,000.01, while accounts receivable increased by 26.23% to ¥1,359,495,013.90[58]. - The company's cash and cash equivalents decreased to RMB 303,557,000.01 from RMB 1,242,865,637.81 at the beginning of the year, representing a decline of approximately 75.6%[177]. Accounts Receivable and Inventory Management - The company reported an increase in accounts receivable, which rose by 30% to 150 million RMB, reflecting longer payment cycles from major clients[10]. - Inventory levels increased by 20% to 80 million RMB, raising concerns about potential liquidity issues if not managed effectively[10]. - Accounts receivable reached 135,949.50 million CNY, representing 26.23% of total assets, while notes receivable amounted to 73,089.66 million CNY, making up 14.10% of total assets[90]. - Inventory value at the end of the reporting period was 98,831.73 million CNY, constituting 23.83% of current assets, indicating a risk of inventory write-downs[90]. Research and Development - The company conducted 37 research projects during the reporting period, including 31 government and cooperative projects[44]. - Research and development investment increased by 70.26% to ¥80,564,749.32, up from ¥47,319,510.67, due to increased R&D projects and investments[53]. - The company is focused on developing high-reliability electronic components and solutions, with a commitment to sustainable practices[87]. Environmental and Social Responsibility - The company has established a "Hong Ai Fund" to support employees in need, assisting three individuals during the reporting period[106]. - The company participated in social welfare activities, including donating ten sets of "Cultural and Sports Love Packages" to impoverished schools[106]. - The company processed a total of 15.14 tons of hazardous waste in the first half of 2022[103]. - The company’s production wastewater treatment meets the Class I standard of the "Comprehensive Wastewater Discharge Standard" (GB8978-1996)[102]. Shareholder and Equity Information - The total number of shares is 411,839,845, with 198,267,672 shares under limited sale conditions, representing 48.14% of the total[145]. - The largest shareholder, Zeng Chen, holds 34.19% of the shares, amounting to 140,800,000 shares[154]. - The company’s controlling shareholder released a total of 5,445,000 shares from pledge during the reporting period[140]. - The total number of shareholders at the end of the reporting period was 15,274, with 8 shareholders holding more than 5% of the shares[154].

Revenue and Profit - Revenue for Q1 2022 was CNY 429,121,370.93, an increase of 13.09% compared to CNY 379,437,900.30 in the same period last year[5] - Net profit attributable to shareholders was CNY 175,527,037.02, reflecting a 2.69% increase from CNY 170,924,995.02 year-over-year[5] - Net profit excluding non-recurring items was CNY 164,793,229.76, up 9.36% from CNY 150,684,827.55 in the previous year[5] - The company reported a significant increase in operating income, reaching 112,735.36 million, up 74440.70% compared to the previous period[12] - The net profit for the first quarter was CNY 193,087,715.38, an increase from CNY 183,658,253.70 in the previous year, representing a growth of approximately 7.8%[37] - The operating profit for the quarter was CNY 227,725,335.09, compared to CNY 209,892,243.64 in the same period last year, indicating an increase of about 8.5%[37] - The total comprehensive income for the quarter was CNY 193,087,715.38, up from CNY 183,658,253.70, reflecting a growth of around 5.8%[37] - Basic and diluted earnings per share were both CNY 0.4262, slightly down from CNY 0.4272 in the previous year[37] Cash Flow and Investments - Operating cash flow turned negative at CNY -37,165,160.58, a decline of 185.16% compared to CNY 43,642,633.23 in the same period last year[5] - Cash received from tax refunds decreased by 49.40% to 4,947,531.98 million, primarily due to reduced government subsidies[12] - The company invested 1,321,333.49 million in external investments during the reporting period, marking a 100% increase[12] - Cash payments for fixed assets increased by 46.73% to 110,027,748.28 million, driven by higher equipment purchases[12] - The company experienced a 250.82% increase in cash payments related to investment activities, totaling 942,000,000.00 million[12] - Cash flow from investing activities resulted in a net outflow of CNY 856,895,072.25, compared to a smaller outflow of CNY 84,580,447.82 in the same period last year[41] Assets and Liabilities - Total assets increased by 3.40% to CNY 5,074,592,797.35 from CNY 4,907,931,960.29 at the end of the previous year[5] - The total liabilities decreased to CNY 855,636,263.71 from CNY 886,666,376.03, a decline of 3.5%[27] - The company's total equity increased to CNY 4,218,956,533.64 from CNY 4,021,265,584.26, representing a growth of 4.9%[29] - The company's cash and cash equivalents at the end of the period were CNY 349,134,960.74, down from CNY 1,242,865,637.81 at the beginning of the year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,814, with the top ten shareholders holding significant stakes[13] - The company’s major shareholder, Zeng Chen, holds 34.19% of the shares, amounting to 140,800,000 shares[13] Research and Development - R&D expenses increased by 46.35% to CNY 25,186,759.72 from CNY 17,210,238.38 in the previous year[9] - Research and development expenses increased to CNY 25,186,759.72, a rise of 46.4% from CNY 17,210,238.38 in the previous year[31] - The company’s subsidiaries received recognition as high-tech enterprises, enhancing their market position and growth potential[20] Tax and Government Subsidies - The income tax expense rose to 34,493,732.39 million, reflecting a 32.30% increase due to higher total profit[12] - The company incurred a total tax expense of CNY 34,493,732.39, up from CNY 26,073,131.23 in the previous year, indicating an increase of about 32.3%[37] - The company received government subsidies amounting to CNY 7,946,200.00 during the quarter[6]

Financial Performance - The company's operating revenue for 2021 was ¥2,000,350,142.77, representing a 42.79% increase compared to ¥1,400,857,588.18 in 2020[31]. - The net profit attributable to shareholders for 2021 was ¥816,067,640.88, a 68.68% increase from ¥483,783,315.98 in 2020[31]. - The total profit for 2021 was 1,049.93 million yuan, reflecting a growth of 70.24% year-over-year[51]. - The net cash flow from operating activities for 2021 was ¥525,502,277.09, showing a significant increase of 104.77% compared to ¥256,625,395.17 in 2020[31]. - The total assets at the end of 2021 amounted to ¥4,907,931,960.29, which is a 65.65% increase from ¥2,962,806,047.83 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were ¥3,862,443,882.16, an increase of 82.78% from ¥2,113,155,014.85 at the end of 2020[31]. - The basic earnings per share for 2021 was ¥2.0397, reflecting a 68.68% increase from ¥1.2092 in 2020[31]. - The company reported a weighted average return on equity of 32.93% for 2021, up from 25.23% in 2020[31]. - The company achieved a net profit of ¥170,924,995.02 in Q1 2021, with total revenue of ¥379,437,900.30 for the same quarter[34]. Research and Development - The company is committed to ongoing research and development in electronic components and circuit modules[6]. - The company has developed 33 research projects in 2021, with 31 being government and cooperative projects[51]. - The company holds a total of 231 patents as of December 2021, including 37 invention patents and 182 utility model patents[51]. - R&D investment reached ¥124,647,420.87 in 2021, representing 6.23% of operating revenue, up from 5.99% in 2020[77]. - The number of R&D personnel increased to 274 in 2021, a growth of 14.17% compared to 240 in 2020[77]. Market and Product Development - The company is focused on high-reliability electronic components and solutions, with potential risks from international geopolitical changes[6]. - The market size for high-reliability electronics in China is expected to exceed 500 billion yuan by 2025[46]. - The company has seen significant growth in its civilian electronic components business, driven by increased domestic demand[51]. - The company has expanded its product offerings to include new high-performance capacitors, such as metal shell packaged aluminum capacitors[51]. - Revenue from tantalum capacitors grew by 36.47% year-on-year, with high-energy mixed tantalum products reaching nearly CNY 600 million in sales[57]. - Non-tantalum capacitor products generated revenue of CNY 830.36 million, a 52.77% increase, accounting for 41.51% of total revenue[57]. Corporate Governance - The company has established a structured governance framework, ensuring compliance with relevant laws and regulations, and has not encountered any violations during the reporting period[129]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a complete and independent business structure[130]. - The company has a clear commitment from major shareholders not to engage in any business that competes with the company[133]. - The company is committed to maintaining high standards of corporate governance with the recent changes in its board structure[146]. - The board of directors is committed to ensuring compliance with regulatory requirements and enhancing corporate governance[158]. Operational Efficiency - The company aims to enhance its competitive edge through continuous improvement in management and operational efficiency[6]. - The company aims to enhance its entrepreneurial platform to accelerate the development of new businesses and improve operational efficiency[56]. - The company has established a comprehensive internal control environment, ensuring clear division of responsibilities and effective operational processes[194]. - The internal audit department operates independently under the audit committee, enhancing the company's governance structure and internal control effectiveness[198]. Employee and Talent Development - The company is committed to talent development and will enhance its training system while collaborating with industry experts to foster a conducive environment for technological innovation[120]. - The total number of employees at the end of the reporting period is 2,039, with 433 in the parent company and 1,606 in major subsidiaries[184]. - The professional composition includes 1,398 production personnel, 143 sales personnel, 336 technical personnel, 29 financial personnel, and 133 administrative personnel[184]. - The educational background of employees shows 33 with master's degrees or above, 366 with bachelor's degrees, and 1,640 with college diplomas or below[184]. Financial Management - The company has a well-defined decision-making process involving the board of directors and independent directors to protect the interests of minority shareholders[189]. - The cash dividend distribution plan proposed a cash dividend of 6.00 CNY per 10 shares, totaling 247,103,907.00 CNY, which represents 100% of the profit distribution amount[190]. - The company has a mature development stage with no significant capital expenditure plans, maintaining a minimum cash dividend ratio of 80% in profit distribution[190]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 5.7065 million yuan[160]. Strategic Initiatives - The overall strategy includes exploring potential mergers and acquisitions to enhance market competitiveness[147]. - The company aims to leverage its technological experience in high-reliability fields to enhance its R&D platform and provide comprehensive solutions for major terminal manufacturers in communication, consumer electronics, automotive electronics, and industrial equipment[119]. - The company intends to capitalize on national policies and industry opportunities to expand its market scale in high-reliability electronic components and circuit modules[121]. - The company is focusing on high-reliability products and expanding its product line, including new technologies like high-capacity NOR FLASH and advanced capacitors[74].

Financial Performance - The company's revenue for Q3 2021 reached ¥612,371,453.51, representing a 46.69% increase compared to the same period last year[5] - Net profit attributable to shareholders was ¥239,321,057.37, up 65.23% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥214,428,366.58, reflecting a 59.38% increase from the previous year[5] - Revenue for the reporting period reached ¥1,535,070,981.58, an increase of 63.79% compared to ¥937,193,615.70 in the same period last year, primarily due to increased sales volume[14] - Net profit increased, leading to retained earnings of ¥1,489,664,275.76, up 62.80% from ¥914,999,338.20 year-on-year[14] - Net profit for the quarter was ¥696,076,567.07, compared to ¥360,332,342.33 in the same period last year, reflecting a growth of approximately 93.1%[39] - The total profit for the quarter was ¥809,034,657.44, up from ¥426,959,162.40, representing a growth of about 89.4% year-over-year[37] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥3,696,479,929.85, a 24.76% increase from the end of the previous year[5] - The company's current assets totaled CNY 2,910,943,531.15 as of September 30, 2021, compared to CNY 2,329,888,547.03 at the end of 2020, indicating an increase of about 24.9%[26] - The total liabilities of the company were CNY 852,246,628.99 as of September 30, 2021, compared to CNY 758,492,627.33 at the end of 2020, which is an increase of about 12.4%[32] Cash Flow - Cash flow from operating activities showed a significant increase of 923.55% year-to-date, totaling ¥217,953,110.31[5] - Cash received from sales and services amounted to ¥1,031,340,099.61, a 70.69% increase from ¥604,214,681.92, driven by the maturity of commercial bills and increased cash receipts[14] - The total cash inflow from operating activities was ¥1,182,426,675.30, compared to ¥648,895,649.08 in the previous year, indicating a growth of approximately 82.0%[41] Expenses - Total operating costs amounted to ¥777,361,215.89, up from ¥519,410,492.69, indicating a year-over-year increase of about 49.7%[34] - Research and development expenses rose to ¥75,077,209.84, a 67.75% increase from ¥44,756,450.97, reflecting increased investment in R&D projects[14] - Tax expenses increased by 69.54% to ¥112,958,090.37, up from ¥66,626,820.07, due to higher total profit[14] - The company experienced a 90.48% increase in taxes paid, totaling ¥225,553,401.91, compared to ¥118,415,291.95, reflecting higher revenue and profit[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,274, with the largest shareholder holding 35.19% of the shares[18] - The company has received approval for the issuance of A-shares to specific investors, which was accepted by the Shenzhen Stock Exchange on August 24, 2021[22] - The company’s major shareholder disclosed a plan to reduce holdings, although this plan has not yet been implemented[22] Other Income and Gains - The company reported a total of ¥24,892,690.79 in non-recurring gains for the quarter, primarily from government subsidies and investment income[7] - Other income surged by 148.37% to ¥84,150,776.40, compared to ¥33,881,747.62, mainly from increased government subsidies received[14] - The company reported other income of ¥84,150,776.40, compared to ¥33,881,747.62 in the previous year, showing an increase of approximately 148.5%[37] Investment and Financial Activities - The company reported a significant decrease in investment income, which fell to -¥554,796.52 from ¥878,704.41, a decline of 163.14% due to reduced financial product purchases[14] - Cash inflow from financing activities totaled $45,853,508.24, a decrease of 70.8% compared to $156,999,000.00 in the previous period[47] - Cash outflow from financing activities amounted to $116,632,705.41, down 54.8% from $258,348,354.49 year-over-year[47] - Net cash flow from financing activities was -$70,779,197.17, an improvement from -$101,349,354.49 in the prior period[47] Audit Information - The company did not undergo an audit for the third quarter report[48]

证券代码：300726 证券简称：宏达电子 公告编号：2021-046 株洲宏达电子股份有限公司 关于参加 2021 年湖南辖区上市公司投资者 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。 为进一步强化与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，株洲宏达电子股份有限公司（以下简称"公司"）将参加由中国证券监督 管理委员会湖南监管局主办、湖南省上市公司协会与深圳市全景网络有限公司协 办的"2021 年湖南辖区上市公司投资者网上集体接待日活动"活动，现将有关 事项公告如下： 本次投资者网上集体接待日活动将通过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，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net/）参与公司本次投资者集体接待日活动，活动时间为 2021 年 9 月 24 日（星期五）下午 15:00－16:55。 届时公司董事会秘书曾垒先生和证券事务代表郑雁翔女士将通过网络文字 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。 株洲宏达电子股份有限公司 ...

Revenue Growth - The company's revenue has steadily increased due to a consistent rise in product purchases from downstream customers in the high-reliability electronic sector[6]. - The company's operating revenue for the reporting period reached ¥922,699,528.07, representing a 77.53% increase compared to ¥519,739,346.43 in the same period last year[35]. - The total profit reached ¥50,783.89 million, marking a 117.10% growth year-on-year[52]. - The growth in performance is attributed to increased demand in high-reliability projects, expansion into non-tantalum capacitor markets, and rising civilian electronic component needs[46]. - The company is focusing on expanding its civilian product sales, which have been steadily increasing, contributing significantly to overall revenue growth[46]. Profitability - Net profit attributable to shareholders was ¥399,359,880.19, up 108.46% from ¥191,573,503.62 year-on-year[35]. - The net profit after deducting non-recurring gains and losses was ¥358,322,705.42, reflecting a 110.06% increase from ¥170,580,073.32 in the previous year[35]. - Basic earnings per share rose to ¥0.9982, an increase of 108.48% from ¥0.4788 in the previous year[35]. - The weighted average return on equity was 17.43%, an increase of 6.85% compared to 10.58% in the previous year[35]. Cash Flow - The net cash flow from operating activities was ¥240,701,668.75, a significant increase of 448.72% compared to ¥43,866,203.77 in the same period last year[35]. - Net cash flow from operating activities surged by 448.72% to ¥240,701,668.75, primarily due to increased collection of bills receivable and government subsidies[56]. - Cash and cash equivalents increased by 138.56% to ¥51,461,065.45, attributed to higher operating cash inflows[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,400,851,187.71, a 14.78% increase from ¥2,962,806,047.83 at the end of the previous year[35]. - Total liabilities amounted to ¥819,780,771.65, up from ¥758,492,627.33, indicating a growth of around 8.8%[192]. - The company's equity attributable to shareholders increased to ¥2,450,639,484.27 from ¥2,113,155,014.85, a rise of approximately 15.9%[193]. Risks - The company reported a significant risk related to accounts receivable, with a large balance and low turnover rate, potentially impacting cash flow[10]. - There is a risk that the company's high profit margins may not be sustainable if core technologies fail to meet customer needs or if key personnel leave[11]. - The majority of accounts receivable are from state-owned key group subsidiaries, indicating a reliance on a limited customer base[10]. - The company faces potential fluctuations in annual operating performance due to intermittent changes in customer procurement volumes based on national policies[6]. - The rapid expansion of the company's scale poses management risks, necessitating timely adjustments to management systems and internal controls to maintain competitiveness[91]. Management and Governance - The company has accumulated rich management experience and improved its governance structure to adapt to its growing scale[7]. - The company has maintained a stable governance structure with no changes in board members or senior management during the reporting period[102]. - The company continues to engage with investors through regular communication and performance updates, with a participation rate of 76.20% in the annual shareholder meeting[101]. Research and Development - Research and development expenses rose by 79.42% to ¥47,319,510.67, reflecting increased investment in R&D projects[56]. - The company has developed a flexible R&D platform to support new product development across various electronic components[50]. Social Responsibility - The company donated 500,000 yuan for educational infrastructure in impoverished areas in April 2021[113]. - The company has actively participated in social welfare activities, including donations for flood relief efforts amounting to 230,261 yuan[113]. - The company has established a "Hong Ai Fund" to support employees in need, assisting nine individuals during the reporting period[113]. Financial Activities - The company has not reported any instances of uncollectible accounts, indicating strong customer credit quality[10]. - The company has not engaged in any non-compliant external guarantees during the reporting period[121]. - The company did not engage in any related party transactions during the reporting period[131].

Financial Performance - The company's operating revenue for Q1 2021 was ¥379,437,900.30, representing a 162.29% increase compared to ¥144,665,905.22 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 reached ¥170,924,995.02, a significant increase of 314.80% from ¥41,206,824.82 in the previous year[9] - The net profit after deducting non-recurring gains and losses was ¥150,684,827.55, up 272.18% from ¥40,487,497.97 year-on-year[9] - Basic earnings per share for Q1 2021 were ¥0.4272, an increase of 314.76% compared to ¥0.1030 in the previous year[9] - The total profit for Q1 2021 was 20,973.14 million yuan, reflecting a growth of 350.02% year-over-year[28] - The company reported a total profit of CNY 209,731,384.93 for the current period, compared to CNY 46,604,583.55 in the previous period, an increase of about 348.5%[66] - The company’s total comprehensive income for the current period was CNY 183,658,253.70, compared to CNY 38,635,515.43 in the previous period, reflecting a growth of approximately 376.5%[69] Cash Flow - The net cash flow from operating activities was ¥43,642,633.23, a turnaround from a negative cash flow of ¥17,524,302.35 in the same quarter last year, marking a 349.04% improvement[9] - Cash received from sales and services reached ¥305,313,345.46, up 127.33% from the previous period, driven by increased collections from commercial bills and sales[23] - Cash flow from operating activities is 43,642,633.23, a turnaround from a negative cash flow of -17,524,302.35 in the previous period[79] - The company reported a cash inflow from investment activities of 258,916,447.49, compared to 65,514,772.61 in the previous period[80] - The net cash flow from financing activities is -8,300,979.11, compared to -19,883.18 in the previous period[83] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,090,535,395.00, reflecting a 4.31% increase from ¥2,962,806,047.83 at the end of the previous year[9] - Current liabilities decreased to CNY 506,472,371.75 from CNY 564,106,278.28, a reduction of approximately 10.2%[48] - Total liabilities decreased to CNY 701,478,720.80 from CNY 758,492,627.33, reflecting a decline of about 7.5%[48] - Owner's equity increased to CNY 2,389,056,674.20 from CNY 2,204,313,420.50, showing an increase of approximately 8.4%[51] Government Subsidies - The company received government subsidies amounting to ¥21,196,171.00 during the reporting period, primarily related to business operations[9] - The company received government subsidies amounting to ¥30,973,413.30, marking a significant increase compared to the previous period[20] - The cash flow from other operating activities increased significantly by 890.84% to ¥43,961,729.89, primarily from government subsidies[23] Research and Development - Research and development expenses increased by 69.29% to ¥17,210,238.38, reflecting the company's commitment to enhancing its R&D efforts[20] - Research and development expenses for the current period totaled CNY 17,210,238.38, compared to CNY 10,166,333.28 in the previous period, representing a rise of approximately 69.3%[63] Shareholder Information - The company reported a total of 14,462 common shareholders at the end of the reporting period, with the top three shareholders holding a combined 72.98% of the shares[13] - The company reported a net profit attributable to minority shareholders of ¥12,733,258.68, a substantial increase of 595.21% due to improved net profits from subsidiaries[23] Production and Capacity Expansion - The company is expanding its production capacity with a new electronic component production base in Xiangxiang, expected to commence production in the second half of 2021[32] - The company has completed the renovation of production lines for its 5G electronic component production base, with production expected to start in Q2 2021[32] Inventory and Accounts Receivable - Accounts receivable increased to 791,631,234.59 yuan in Q1 2021 from 658,818,031.93 yuan at the end of 2020[42] - Inventory as of March 31, 2021, was 676,339,010.07 yuan, up from 573,185,803.67 yuan at the end of 2020[42] Other Financial Metrics - Operating costs rose to ¥112,948,172.66, reflecting a 140.16% increase, which is in line with the revenue growth[20] - The company experienced a 317.92% increase in tax payments, totaling ¥53,283,085.17, due to higher revenue and profit levels[23] - The company did not engage in external investments during the reporting period, resulting in a 100% decrease in investment payments[23] Audit and Reporting - The first quarter report was not audited, indicating that the figures presented are preliminary and subject to change[90]

Financial Performance - The company's operating revenue for 2020 was ¥1,400,857,588.18, representing a 65.97% increase compared to ¥844,041,676.10 in 2019[30]. - The net profit attributable to shareholders for 2020 was ¥483,783,315.98, a 65.12% increase from ¥292,990,202.73 in 2019[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥434,002,112.76, up 78.68% from ¥242,886,873.58 in 2019[30]. - The net cash flow from operating activities was ¥256,625,395.17, a significant increase of 210.81% compared to ¥82,567,601.46 in 2019[30]. - The basic earnings per share for 2020 was ¥1.2092, reflecting a 65.12% increase from ¥0.7323 in 2019[30]. - The total profit for 2020 was CNY 616.75 million, up by CNY 251.71 million or 68.95% year-on-year[57]. - The company achieved a net profit attributable to shareholders of 483,783,315.98 CNY for the year 2020[147]. - The total distributable profit available to shareholders as of December 31, 2020, was 894,833,683.96 CNY[147]. Revenue Growth - The company has seen a rapid increase in demand for civilian electronic components, driven by trends in AI, virtual reality, 5G communication, and electric vehicles[44]. - Revenue from tantalum capacitors grew by 43.14% year-on-year, with high-energy hybrid tantalum products achieving nearly CNY 500 million in sales[57]. - Non-tantalum capacitor products generated revenue of CNY 543.54 million, a significant increase of 121.76%, accounting for 38.80% of total revenue[58]. - The company reported a quarterly revenue of ¥463,663,972.48 in Q4 2020, showing consistent growth throughout the year[33]. - The sales volume of electronic components increased by 31.34% year-on-year, driven by the release of high-reliability project orders and increased domestic demand due to the pandemic[68]. Investment and R&D - The company is expanding its product offerings and investing in R&D to maintain its competitive edge in the high-reliability electronics market[6]. - The company launched 31 research projects in 2020, with 24 being government or cooperative projects, and 7 self-funded projects[58]. - Research and development expenses for 2020 were ¥82,072,928.66, a 44.18% increase from the previous year, with R&D accounting for 5.99% of total revenue[76][78]. - The company is investing in a 5G electronic component production base with an investment of CNY 150,769,108.58, expecting a return of 10.05%[93]. - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[132]. Risk Factors - The company faces risks related to a large balance of accounts receivable, which could impact cash flow if major customers experience financial difficulties[7]. - The company acknowledges the risk of not being able to sustain high profit margins if core technologies do not meet customer needs or if there is a loss of key technical personnel[12]. - The company has noted that fluctuations in customer procurement volumes due to national policies could lead to operational performance volatility in the future[6]. - The company emphasizes the importance of maintaining strong customer relationships to mitigate risks associated with payment delays and account receivable balances[7]. Profit Distribution - The profit distribution plan approved by the board proposes a cash dividend of 1.6 yuan per 10 shares, based on a total of 400,100,000 shares[12]. - The cash dividend accounted for 100% of the total profit distribution amount[144]. - The company has maintained a consistent cash dividend policy, with the 2020 distribution being lower than the previous year's 3.00 CNY per 10 shares[148]. - In 2020, the cash dividend amount was CNY 64,016,000, representing 13.23% of the net profit attributable to ordinary shareholders[149]. Subsidiaries and Acquisitions - The company established several new subsidiaries in 2020, including Hunan Siwei Technology Co., Ltd. and Hunan Xiangjun Electronic Technology Co., Ltd., expanding its operational footprint[70]. - The company completed the acquisition of Chengdu Zhuoxin Technology Co., Ltd. with a cumulative investment of 3,350,000.00 yuan, holding a 67% stake as of December 31, 2020[166]. - The subsidiary Hunan Xiangjun Electronics Technology Co., Ltd. generated a revenue of 12,962.64 million, contributing positively with an operating profit of 67.68 million and a net profit of 50.63 million[126]. Market Expansion and Strategy - The company is exploring new strategies for market expansion and potential mergers and acquisitions to enhance its growth prospects[6]. - Market expansion plans include entering two new international markets by the end of 2021[132]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential deals[132]. Social Responsibility and Compliance - The company emphasizes social responsibility, focusing on sustainable development and community support[191]. - The company donated medical supplies including 5,000 N95 masks and 2,000 disposable medical masks and gloves to support COVID-19 relief efforts[198]. - The company has not engaged in any environmental violations and is not classified as a key pollutant discharge unit[200]. - The company actively engages in investor relations, ensuring timely and accurate information disclosure to protect shareholder rights[192].

Financial Performance - Operating revenue for the reporting period was ¥417,454,269.27, representing a growth of 84.76% year-on-year[9] - Net profit attributable to shareholders was ¥144,845,330.36, a significant increase of 143.04% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥134,538,283.72, up 123.18% year-on-year[9] - Basic earnings per share for the reporting period was ¥0.3620, reflecting a growth of 142.95% compared to the same period last year[9] - Operating profit for the period was ¥193,159,242.34, compared to ¥73,740,931.83 in the same period last year, reflecting a strong growth[67] - Net profit for the third quarter was ¥158,282,065.16, up from ¥63,656,383.10 year-over-year[67] - The company reported a total comprehensive income of ¥157,827,349.99, compared to ¥60,228,574.55 in the previous period, reflecting a growth of 162.61%[76] - The total comprehensive income for the current period was ¥360,332,342.33, compared to ¥248,854,622.43 in the previous period, reflecting a growth of about 45%[85] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,420,743,960.41, an increase of 22.64% compared to the end of the previous year[9] - The company's total liabilities increased significantly, with short-term borrowings reaching ¥22,000,000.00, marking a 100% increase[22] - Total liabilities rose to ¥373,008,756.84, up from ¥157,119,523.28, showing an increase in financial obligations[59] - The company's equity attributable to shareholders rose to CNY 1,967,962,638.14 from CNY 1,755,520,045.07, an increase of approximately 12.1%[52] - Total equity amounted to $1,772,164,373.56, with retained earnings of $630,694,565.95[123] Cash Flow - The net cash flow from operating activities was -¥22,572,356.55, a decline of 143.59% year-on-year[9] - Cash received from other operating activities increased by 149.32% to CNY 41,697,826.30, primarily due to increased government grants[29] - Cash paid for purchasing goods and services rose by 45.22% to CNY 272,260,378.35, mainly due to increased inventory and supplier payments[29] - Cash inflow from sales of goods and services was CNY 518,755,907.57, compared to CNY 445,081,219.19 in the previous period, indicating an increase of approximately 16.5%[101] - Cash inflow from investment activities totaled CNY 561,573,089.26, up from CNY 346,487,895.68, marking a growth of about 62.0%[101] Investments and R&D - Research and development expenses rose by 38.05% to ¥44,756,450.97 from ¥32,419,473.29, indicating increased investment in innovation[25] - Research and development expenses for the quarter were ¥18,383,243.67, up from ¥12,355,434.34, highlighting a commitment to innovation[64] - The company is investing in a 5G electronic component production base project in Zhuzhou, Hunan Province[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,953, with the top ten shareholders holding significant stakes[13] - The company reported a significant increase in cash and cash equivalents, with CNY 64,889,912.34 as of September 30, 2020, down from CNY 228,789,683.44, a decrease of about 71.6%[43] Government Subsidies and Tax - The company received government subsidies amounting to ¥33,597,862.47 during the reporting period, primarily as income from government grants[9] - The company received tax refunds of CNY 2,983,140.86, a decrease of 74.80% compared to the previous period due to reduced government subsidies[29] - The tax expenses increased by 63.01% to ¥66,626,820.07 from ¥40,873,479.35, primarily due to higher profit levels[25] Other Financial Metrics - The weighted average return on equity was 7.64%, an increase from 4.15% in the previous year[9] - The company reported a non-recurring gain of ¥31,300,476.94, primarily from government subsidies and investment income[11] - The company has reclassified prepayments into contract liabilities, resulting in a new contract liability of ¥34,219,573.97[25]