Financial Performance - The company reported a total revenue of 772.22 million RMB for the year 2021, marking a significant increase compared to the previous year[6]. - The company's operating revenue for 2021 was ¥3,603,618,375.28, representing a 57.68% increase compared to ¥2,285,413,345.46 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥352,538,235.41, a 10.62% increase from ¥318,693,050.44 in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥284,944,739.22, up 5.18% from ¥270,906,233.10 in 2020[24]. - The company achieved a revenue of CNY 3.60 billion in 2021, representing a year-on-year growth of 57.68%[50]. - Net profit attributable to shareholders reached CNY 353 million, an increase of 10.62% compared to the previous year[50]. - The EMS manufacturing segment contributed CNY 3.59 billion, accounting for 99.74% of total revenue, with a growth of 58.47% year-on-year[50]. - Future performance guidance indicates a positive outlook, with expectations for continued revenue growth in the upcoming fiscal year[6]. Profit Distribution and Cash Flow - The profit distribution plan approved by the board includes a cash dividend of 2.00 RMB per 10 shares, totaling approximately 154.44 million RMB[6]. - The net cash flow from operating activities for 2021 was -¥26,267,306.04, a significant decrease of 104.83% compared to ¥543,462,608.44 in 2020[24]. - The total cash inflow from operating activities was 3,020,402,787.82 yuan, a year-on-year increase of 10.48%[102]. - The total cash outflow from operating activities was 3,046,670,093.86 yuan, reflecting a significant increase of 39.09% compared to the previous year[102]. Market Expansion and Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings through ongoing research and development initiatives[6]. - The company is actively pursuing partnerships to facilitate market expansion and enhance its product distribution channels[6]. - The company is committed to exploring strategic acquisitions to bolster its competitive position in the market[6]. - The company is expanding its global footprint with acquisitions, including a controlling stake in an Indian subsidiary, and plans to establish new manufacturing bases in Vietnam and Bangladesh[42]. - The company plans to deepen its global layout and gradually expand its high-end customer base, particularly in the medical electronics market[134]. Research and Development - The company has a total of 85 patents and 12 software copyrights, reflecting its commitment to innovation and cost leadership in the industry[45]. - The company's research and development expenses increased by 13.67% to ¥100,380,142.63, primarily due to increased R&D investment[64]. - The number of R&D personnel increased by 12.24% to 1,265, accounting for 14.42% of the total workforce[101]. - The company has invested 50 million RMB in research and development to drive innovation and improve product quality[166]. Operational Efficiency and Technology - The company aims to leverage its technological advancements to improve operational efficiency and drive future growth[6]. - The company has implemented a "make-to-order" procurement model, ensuring materials are purchased based on production needs, with a strict supplier management system in place[42]. - The production model is "make-to-sell," allowing for efficient production scheduling based on customer orders, with quality control checkpoints throughout the manufacturing process[42]. - The company has focused on automation in production, reducing reliance on manual labor and improving production stability and efficiency[72]. - The integration of ERP and MES systems has facilitated seamless data transmission and improved production transparency, enhancing overall operational efficiency[83]. Governance and Management - The board of directors has emphasized the importance of maintaining transparency and accuracy in financial reporting to uphold investor confidence[6]. - The company has a governance structure that does not involve any differential voting rights arrangements[151]. - The company has implemented stock incentive plans, resulting in share increases for several executives, including 150,000 shares for Vice President Li Zhengda[154]. - The company has not faced any penalties from securities regulatory authorities in the past three years[182]. Customer and Market Insights - User data indicates a growing customer base, with an increase of 20% in active users compared to the previous year, reaching 500,000 users[166]. - The company is focusing on enhancing customer service, aiming to improve customer satisfaction scores by 15% through new training programs[166]. Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[166]. - New product development is underway, with plans to launch three innovative products in the next quarter, targeting a market share increase of 5%[166].

Financial Performance - The company's revenue for Q1 2022 reached ¥1,071,839,373.59, representing a 107.36% increase compared to ¥516,891,128.15 in the same period last year[3] - Net profit attributable to shareholders was ¥46,503,141.70, up 107.17% from ¥22,447,345.09 year-on-year[3] - The net profit after deducting non-recurring gains and losses surged by 490.91% to ¥35,020,412.64 from ¥5,926,546.67 in the previous year[3] - Basic earnings per share increased to ¥0.0610, reflecting a growth of 107.48% compared to ¥0.0294 in Q1 2021[3] - Net profit for the current period was ¥69,623,627.30, compared to ¥29,767,201.08 in the previous period, reflecting an increase of approximately 134%[29] - The total comprehensive income for the period was CNY 67,001,324.92, compared to CNY 29,978,190.97 in the previous period, representing an increase of approximately 123.5%[33] Cash Flow - The net cash flow from operating activities improved significantly to ¥581,618,321.45, a 717.56% increase from a negative cash flow of ¥94,180,036.50 in the same quarter last year[3] - The net cash flow from operating activities was CNY 581,618,321.45, a significant improvement from a negative cash flow of CNY -94,180,036.50 in the previous period[34] - The net cash flow from investing activities was CNY 453,722,951.86, compared to a negative cash flow of CNY -27,484,352.00 in the previous period, showing a turnaround[34] - The company reported a net increase in cash and cash equivalents of CNY 821,026,128.19 for the period, contrasting with a decrease of CNY -98,431,455.55 in the previous period[40] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥6,067,379,572.56, a decrease of 3.58% from ¥6,292,479,392.86 at the end of the previous year[3] - Current liabilities totaled ¥1,248,537,248.82, down from ¥1,551,381,638.20, showing a reduction of approximately 20%[25] - Non-current liabilities increased slightly to ¥94,799,185.94 from ¥91,387,590.48, an increase of about 5%[25] - The total current assets decreased from CNY 4,042,569,915.96 at the beginning of the year to CNY 3,752,606,347.06 at the end of the period, representing a decline of approximately 7.15%[19] Inventory and Expenses - The company reported a significant increase in inventory, which rose by 40.39% to ¥308,023,598.88 due to increased orders[8] - Total operating costs amounted to ¥1,001,053,507.92, up from ¥499,095,669.77, indicating an increase of about 101%[26] - Financial expenses surged by 472.80% to ¥11,409,501.02, primarily due to increased interest expenses[8] - The company experienced a 193.87% increase in income tax expenses, amounting to ¥19,812,347.27, attributed to a rise in total profit for the period[8] - Research and development expenses for the current period were ¥26,763,102.26, compared to ¥21,573,143.72 in the previous period, marking an increase of approximately 24%[29] Shareholder Information - The total number of unrestricted shares held by the top 10 shareholders amounts to 395,691,660 shares, with 光弘投资有限公司 being the largest shareholder[13] - The total number of restricted shares at the beginning of the period was 22,975,720, with 2,099,613 shares released during the period[16] - The total number of restricted shares at the end of the period was 23,022,220, reflecting an increase of 46,500 shares compared to the beginning of the period[16] Future Plans - The company plans to continue expanding its market presence and invest in new product development[18]

Financial Performance - The company's revenue for Q3 2021 reached ¥1,015,953,635.08, representing a 60.43% increase year-over-year[3] - Net profit attributable to shareholders was ¥117,814,540.11, a slight increase of 1.17% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses was ¥97,479,368.07, showing a decrease of 2.43% year-over-year[3] - Total operating revenue for the current period reached ¥2,210,386,439.15, an increase from ¥1,774,471,490.78 in the previous period, representing a growth of approximately 24.5%[27] - Net profit for the current period was ¥251,701,653.43, down from ¥276,643,710.60, indicating a decrease of approximately 9.0%[30] - The company reported a decrease in comprehensive income attributable to shareholders, with a net amount of -¥2,179,684.21 compared to -¥9,841,647.14 in the previous period[30] - The total comprehensive income attributable to the parent company was ¥222,926,042.85, a decrease from ¥282,459,970.28 in the previous period, representing a decline of approximately 21.1%[34] - Basic earnings per share decreased to ¥0.2951 from ¥0.3999, reflecting a decline of about 26.1%[34] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥5,890,771,522.12, reflecting an 18.30% increase from the end of the previous year[3] - The company's total assets amounted to ¥5,890,771,522.12, compared to ¥4,979,457,150.15 in the previous period, marking an increase of about 18.3%[26] - Total liabilities increased to ¥1,373,689,383.43 from ¥635,717,419.17, which is an increase of approximately 116.6%[26] - Current liabilities totaled ¥559,014,061.43, while total liabilities reached ¥635,717,419.17[48] - The company’s total non-current liabilities were ¥76,703,357.74, reflecting a significant portion of its financial obligations[48] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥12,682,229.16, down 96.61% compared to the same period last year[3] - Cash flow from operating activities generated a net amount of ¥12,682,229.16, significantly lower than ¥373,844,381.97 in the previous period, indicating a decrease of approximately 96.6%[38] - Cash inflow from investment activities totaled ¥4,260,872,117.87, compared to ¥2,652,970,883.42 in the previous period, marking an increase of about 60.5%[38] - Cash outflow from investment activities was ¥4,256,639,543.31, slightly lower than ¥4,632,675,269.61 in the previous period, showing a decrease of approximately 8.1%[38] - Net cash flow from financing activities was ¥106,324,164.13, down from ¥1,818,225,357.05 in the previous period, reflecting a decline of about 94.2%[40] - The ending balance of cash and cash equivalents increased to ¥795,480,695.97 from ¥531,617,280.95, representing an increase of approximately 49.8%[40] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,462, with the largest shareholder, Guanghong Investment Co., holding 51.08% of shares[9] - The company has a total of 24,341,661 restricted shares at the end of the reporting period, with 9,412,500 shares added during the period[15] - Guanghong Investment Co. remains the largest unrestricted shareholder with 395,691,660 shares, representing 51.08% of the total[12] - The company has no preferred shareholders as indicated in the report[13] - The company is actively managing its shareholder structure, with a focus on maintaining control through significant ownership by Guanghong Investment Co.[9] Operational Metrics - Accounts receivable increased by 151.95% to ¥1,254,193,246.19, attributed to revenue growth compared to the previous year[6] - Inventory surged by 343.25% to ¥228,264,592.71, driven by an increase in orders[6] - The company reported a 203.00% increase in other income to ¥21,406,002.71, mainly due to increased government subsidies received[6] - Financial expenses rose significantly by 177.26% to ¥5,961,720.00, primarily due to increased borrowing costs[6] - Research and development expenses for the current period were ¥74,129,297.66, up from ¥65,506,832.06, showing an increase of about 9.8%[30]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,194,432,804.07, representing a 4.67% increase compared to CNY 1,141,189,859.91 in the same period last year[26]. - The net profit attributable to shareholders of the listed company decreased by 38.99% to CNY 107,291,186.95 from CNY 175,846,443.17 in the previous year[26]. - The net profit after deducting non-recurring gains and losses fell by 56.29% to CNY 68,596,153.87 compared to CNY 156,926,607.21 in the same period last year[26]. - The net cash flow from operating activities was negative at CNY -27,451,357.77, a decline of 110.82% from CNY 253,789,959.54 in the previous year[26]. - Basic earnings per share decreased by 44.95% to CNY 0.1406 from CNY 0.2554 in the same period last year[26]. - The gross margin for the consumer electronics segment was 24.33%, with a year-on-year decrease of 3.10%[72]. - Operating cash flow net amount decreased by 110.82% to -CNY 27.45 million, primarily due to a decline in sales revenue in the previous quarter[66]. - The total cost of sales increased by 10.64% to CNY 923 million, indicating rising operational costs[66]. Assets and Liabilities - Total assets increased by 6.85% to CNY 5,320,501,768.93 from CNY 4,979,457,150.15 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company decreased by 1.27% to CNY 4,168,657,454.50 from CNY 4,222,153,988.38 at the end of the previous year[26]. - The company reported a significant increase in accounts receivable, totaling ¥946,244,994.65, which is 17.78% of total assets, up from 10.00%[76]. - Cash and cash equivalents decreased to ¥692,034,004.88, representing 13.01% of total assets, down from 16.66%[76]. - Fixed assets increased to ¥1,307,842,895.04, accounting for 24.58% of total assets, up from 23.43%[76]. - Total liabilities reached CNY 1,009,438,798.30, up from CNY 635,717,419.17, which is an increase of about 58.73%[199]. - Current liabilities totaled CNY 913,835,852.41, compared to CNY 559,014,061.43, indicating a rise of approximately 63.41%[199]. Investment and R&D - R&D investment increased by 29.19% to CNY 50 million, reflecting the company's commitment to innovation and technology development[66]. - The company committed to invest ¥198,320.66 million in the smart production project, with cumulative investment of ¥218,369.38 million by the end of the reporting period[86]. - The company plans to expand production capacity to meet increasing customer demand, supported by funds raised from a private stock issuance[64]. Business Operations - The main business includes providing electronic manufacturing services (EMS) for consumer electronics, network communications, and automotive electronics, with key products like smartphones and routers[37]. - The company operates under a "make-to-order" procurement model, ensuring materials are sourced based on production needs, which optimizes inventory management[39]. - The company has established a rigorous supplier management system, ensuring high standards for new suppliers through comprehensive evaluations[41]. - The company’s sales model is direct, engaging with clients to establish long-term relationships, primarily with well-known electronic brands[46]. - The EMS industry is characterized by high market concentration, with the company positioned as a leading player in the domestic market[49]. - The company has successfully entered the supply chains of major global brands like Huawei and Xiaomi, leveraging its quality and timely delivery advantages[50]. Global Expansion - The company is expanding its global footprint with a successful acquisition in India and new manufacturing bases in Vietnam and Bangladesh, enhancing its ability to meet overseas demand[48]. - The company successfully obtained global supplier qualification from Valeo, a well-known automotive parts supplier, indicating a significant opportunity for growth in the automotive electronics market[63]. Corporate Governance and Shareholder Matters - The company plans not to distribute cash dividends or bonus shares, nor to increase capital from reserves[7]. - The company held its annual shareholders' meeting with a participation rate of 55.19% on May 14, 2021[113]. - The company approved the 2021 Restricted Stock Incentive Plan, granting 9.3 million shares on June 21, 2021, with the listing date set for July 7, 2021[119]. - The total number of ordinary shareholders at the end of the reporting period was 38,871[171]. - The largest shareholder, Guanghong Investment Co., Ltd., holds 51.08% of the shares, totaling 395,691,660 shares[171]. Risk Management - The company has detailed potential risks in the report and emphasizes the importance of investors being aware of investment risks[7]. - The company is facing risks from rising labor costs and is focusing on equipment upgrades and automation to balance these costs[107][109]. Social Responsibility and Compliance - The company has maintained a commitment to social responsibility, contributing to local community welfare and education initiatives[125]. - The company has not faced any environmental penalties or been classified as a key pollutant unit during the reporting period[124]. - There were no significant lawsuits or arbitration matters reported during the period[135]. Miscellaneous - The half-year financial report has not been audited as of the reporting date[131]. - The company has not engaged in any derivative investments or significant asset sales during the reporting period[101][105]. - There were no employee stock ownership plans or other employee incentive measures implemented during the reporting period[121]. - The company has not reported any significant contracts that would impact profit by more than 10% during the reporting period[149].

Financial Performance - The company's operating revenue for 2020 was ¥2,285,413,345.46, an increase of 4.34% compared to ¥2,190,441,020.59 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥318,693,050.44, a decrease of 25.73% from ¥429,125,008.04 in 2019[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥270,906,233.10, down 29.29% from ¥383,130,133.71 in 2019[22]. - The basic earnings per share for 2020 was ¥0.44, a decrease of 52.69% compared to ¥0.93 in 2019[22]. - The weighted average return on equity for 2020 was 8.96%, down from 21.83% in 2019, a decline of 12.87%[22]. - In 2020, the company achieved a revenue of CNY 2.285 billion, a year-on-year increase of 4.34%, while net profit attributable to shareholders decreased by 25.73% to CNY 319 million[64]. - The EMS manufacturing segment contributed CNY 2.268 billion, accounting for 99.24% of total revenue, with a year-on-year growth of 4.05%[72]. - Revenue from the consumer electronics segment was CNY 1.870 billion, representing 81.81% of total revenue, with a year-on-year increase of 6.71%[72]. Assets and Liabilities - The company's total assets at the end of 2020 reached ¥4,979,457,150.15, an increase of 86.79% from ¥2,665,830,640.36 at the end of 2019[22]. - The net assets attributable to shareholders at the end of 2020 were ¥4,222,153,988.38, up 97.53% from ¥2,137,437,711.73 at the end of 2019[22]. - The company's fixed assets at the end of 2020 amounted to 1,166.57 million, an increase of 17.49% compared to the beginning of the year, primarily due to new machinery investments[52]. - The company's cash and cash equivalents at the end of 2020 reached 829.40 million, reflecting a growth of 99.36% year-on-year, mainly due to the increase in cash from share issuance and operating activities[52]. - The company's construction in progress at the end of 2020 was 198.64 million, a significant increase of 472% from the beginning of the year, attributed to increased investments in the third-phase project[52]. - The company achieved a remarkable increase of 493.01% in trading financial assets, amounting to 1,914.11 million at the end of 2020, due to the utilization of idle raised funds and self-owned funds for investment in financial products[52]. Cash Flow - The company reported a net cash flow from operating activities of ¥543,462,608.44, a slight decrease of 0.02% from ¥543,596,100.92 in 2019[22]. - Operating cash inflow for 2020 was CNY 2,733,937,361.50, an increase of 14.75% compared to CNY 2,382,527,383.33 in 2019[91]. - Total cash outflow from operating activities increased by 19.12% to CNY 2,190,474,753.06 from CNY 1,838,931,282.41 in the previous year[91]. - Cash inflow from investing activities decreased by 21.00% to CNY 3,747,300,880.35 from CNY 4,743,422,646.94 in 2019[94]. - Cash inflow from financing activities surged by 1,164.80% to CNY 2,844,271,521.08, primarily due to a non-public share issuance raising CNY 2.18 billion[94]. - The net increase in cash and cash equivalents was CNY 344,452,065.09, a significant rise of 415.35% from CNY 66,838,149.56 in the previous year[94]. Dividends - The company plans to distribute a cash dividend of 2 CNY per 10 shares (including tax) based on a total of 762,924,633 shares[6]. - The total distributable profit for the period is reported at 823,285,774.17 CNY, with the cash dividend amounting to 47.88% of the net profit attributable to ordinary shareholders[142]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 3.00 CNY per 10 shares in 2018 and 2019, and 2.00 CNY in 2020[139]. Risks and Challenges - The company faces ongoing risks from rising labor costs as new factories are put into production and capacity continues to increase, which may require higher employee compensation to attract and retain staff[6]. - The company anticipates continued increases in labor costs due to rising demand for workforce as new production facilities come online, and it aims to balance this through equipment upgrades and automation[133]. Strategic Initiatives - The company is expanding its global footprint with the acquisition of a controlling stake in an Indian subsidiary and plans to establish new manufacturing bases in Vietnam and Bangladesh[47]. - The company aims to enhance its manufacturing capacity and expand market share by increasing production scale and improving service quality in the consumer electronics and automotive electronics sectors[126]. - The company plans to establish new manufacturing bases in Vietnam and Bangladesh while enhancing the scale and manufacturing capabilities of its Indian subsidiary[131]. - The company has invested in smart manufacturing upgrades, improving production efficiency and product quality through the integration of industrialization and information technology[65]. - The company is focused on integrating information technology and automation into all production processes to form an intelligent manufacturing system[132]. Research and Development - The company's R&D investment in 2020 amounted to ¥88,307,390.02, representing 3.86% of the operating revenue, an increase from 3.25% in 2019[90]. - R&D personnel increased to 1,127 in 2020, representing 13.66% of the total workforce, compared to 9.87% in 2019[90]. - The company holds 72 patents and 11 software copyrights, emphasizing its commitment to research and development[70]. Compliance and Governance - The company reported a commitment to ensure that the prospectus for its initial public offering does not contain false records, misleading statements, or significant omissions[152]. - The company has committed to compensating investors for any losses incurred due to misleading statements in the prospectus[158]. - The company has established a long-term commitment to avoid any activities that could harm the legal rights of shareholders[175]. - The company guarantees to provide Guanghong Technology with any business opportunities that may conflict with its operations, ensuring priority acquisition under equal conditions[182].

Financial Performance - The company's revenue for Q1 2021 was ¥516,891,128.15, representing a 27.18% increase compared to ¥406,436,169.22 in the same period last year[9] - Net profit attributable to shareholders was ¥22,447,345.09, a 6.80% increase from ¥21,019,082.77 year-on-year[9] - The net profit excluding non-recurring gains and losses decreased by 53.91% to ¥5,926,546.67 from ¥12,858,200.00 in the previous year[9] - Basic earnings per share decreased by 35.53% to ¥0.0294 from ¥0.0456 year-on-year[9] - The company reported a gross profit of ¥17,795,458.38, resulting in a gross margin of approximately 3.4%[73] - Net profit for the current period was ¥29,767,201.08, compared to ¥12,235,543.70 in the previous period, indicating a substantial growth in profitability[73] - The total comprehensive income for the current period is 148,712.47, compared to 24,816,478.12 in the previous period, showing a significant decline[83] - The total profit for the current period is 237,682.65, compared to 29,201,433.70 in the previous period, indicating a substantial decrease[80] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥94,180,036.50, a decline of 192.05% compared to ¥102,311,539.93 in the same period last year[9] - The cash flow from operating activities shows a net outflow of -94,180,036.50, contrasting with a net inflow of 102,311,539.93 in the previous period[87] - The company’s cash and cash equivalents at the end of the period stand at 572,272,561.39, down from 279,884,685.10 in the previous period[90] - The cash inflow from sales of goods and services is 367,718,055.72, down from 645,792,614.04 in the previous period, reflecting a decline of approximately 43%[84] - The cash inflow from investment activities totaled 1,018,407,759.44, slightly down from 1,044,099,780.31[94] - The cash outflow from investment activities was 1,081,440,705.93, compared to 1,264,519,074.35 in the previous period, indicating a decrease of approximately 14.5%[94] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,148,702,199.36, an increase of 3.40% from ¥4,979,457,150.15 at the end of the previous year[9] - The company’s total liabilities increased significantly, with accounts payable rising by 46.16% to ¥222,706,994.88, reflecting higher inventory purchases[24] - Total liabilities reached CNY 769,655,674.78, up from CNY 635,717,419.17, marking a growth of around 21%[55] - Current liabilities rose to CNY 671,396,319.85, compared to CNY 559,014,061.43, indicating an increase of approximately 20.1%[55] - Non-current liabilities rose from 76,703,357.74 to 100,922,622.68, an increase of approximately 31.5% due to the adoption of new leasing standards[99] Shareholder Equity - Net assets attributable to shareholders increased by 0.54% to ¥4,244,812,323.36 from ¥4,222,153,988.38 at the end of the previous year[9] - The total equity attributable to shareholders of the parent company rose to CNY 4,244,812,323.36 from CNY 4,222,153,988.38, an increase of about 0.5%[58] - The total equity of the company reached ¥4,239,117,306.93, slightly up from ¥4,238,968,594.46, showing stability in shareholder equity[75] Operational Highlights - The company reported non-recurring gains and losses totaling ¥16,520,798.42 during the reporting period[9] - The company’s revenue was positively impacted by the gradual mass production of the Xiaomi project during the reporting period[28] - The company did not report any significant changes in major orders, suppliers, or customers during the reporting period[29] - Research and development expenses increased to ¥21,573,143.72, up from ¥17,870,398.84, highlighting the company's commitment to innovation[70] Investment and Funding - The total amount of raised funds is RMB 236,726.06 million, with RMB 11,147.54 million invested in the current quarter and a cumulative investment of RMB 50,733.90 million[34] - The company has utilized RMB 158,000 million of idle raised funds to purchase structured deposits, with RMB 89,247,731.35 remaining for future project funding[38] - The company has pre-invested RMB 68,917.74 million in projects before the actual raised funds were in place, which has been replaced with raised funds[36] - The investment progress for the committed projects is 16.25% for the optical technology project and 2.93% for the cloud computing project[34] Compliance and Governance - There are no violations regarding external guarantees during the reporting period[41] - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[44] - The company has not conducted any research, communication, or interview activities during the reporting period[45] - The company has approved the use of idle raised funds of RMB 90,000 million for purchasing financial products, ensuring that it does not affect the normal implementation of investment projects[37] Accounting Standards - The company has implemented new leasing standards starting January 1, 2021, resulting in adjustments to the financial statements[95] - The company adopted new leasing standards starting January 1, 2021, affecting the financial statements without requiring adjustments to prior periods[103] - The first quarter report for 2021 was not audited, indicating preliminary financial results[107]

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2020, representing a year-over-year increase of 20%[177]. - The company's operating revenue for 2020 was ¥2,285,413,345.46, an increase of 4.34% compared to ¥2,190,441,020.59 in 2019[22]. - The net profit attributable to shareholders for 2020 was ¥318,693,050.44, a decrease of 25.73% from ¥429,125,008.04 in 2019[22]. - The company's total revenue for 2020 was 2,284,000,000.00 CNY, with a year-on-year increase of 15.46% compared to 2019[80]. - The company has provided a revenue guidance of 1.8 billion RMB for the next fiscal year, indicating an expected growth of 20%[177]. - The company aims to reduce operational costs by 15% through improved supply chain management strategies implemented in 2021[177]. Dividend Distribution - The company plans to distribute a cash dividend of 2 CNY per 10 shares (including tax) based on a total of 762,924,633 shares[6]. - The board of directors has approved the profit distribution plan, reflecting a commitment to returning value to shareholders[6]. - The total distributable profit for the period was 823,285,774.17 CNY, indicating a strong profitability position[138]. - The cash dividend payout ratio for 2020 was 47.88%, compared to 38.68% in 2019, reflecting an increase in shareholder returns[141]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 3.00 CNY per 10 shares in 2018 and 2019[138]. Market Expansion and Growth Strategy - Future outlook indicates continued expansion in production capacity and potential new market opportunities, driven by technological advancements and product innovation[15]. - Market expansion strategies are being implemented to increase the company's footprint in both domestic and international markets[15]. - The company is actively expanding into overseas markets, particularly in Southeast Asia, to mitigate risks from international trade disputes[133]. - The company is expanding its global footprint with the acquisition of a controlling stake in an Indian subsidiary and plans to establish new manufacturing bases in Vietnam and Bangladesh[47]. - The company plans to establish new manufacturing bases in Vietnam and Bangladesh while enhancing the scale and manufacturing capabilities of its Indian subsidiary[131]. Research and Development - The company is focusing on research and development of new products and technologies to enhance its competitive edge in the market[15]. - The company has a total of 71 patents and 10 software copyrights, reflecting its commitment to innovation and cost control in production processes[61]. - Research and development expenses for 2020 amounted to 88,307,390.02 CNY, representing 3.86% of total revenue, an increase from 3.25% in 2019[90]. - The number of R&D personnel increased to 1,127, accounting for 13.66% of the total workforce, up from 9.87% in 2019[90]. - The company is currently developing new technologies aimed at enhancing product efficiency, with an investment of 200 million RMB allocated for R&D in 2021[177]. Operational Efficiency - The company has implemented a "sales-driven production" model, optimizing production scheduling based on customer orders to enhance efficiency[44]. - The company is enhancing its manufacturing capabilities through the integration of industrial and information technologies, improving overall competitiveness[66]. - The company aims to enhance its manufacturing capabilities and expand its market share by increasing production capacity and improving the industrial process layout, particularly in high-end customized demands for overseas clients[126]. - The company will implement advanced equipment upgrades and precision manufacturing technology improvements to enhance efficiency and reduce costs[131]. - The company is focused on integrating information technology and automation into all production processes to form an intelligent manufacturing system[132]. Compliance and Transparency - The company is committed to maintaining transparency and accuracy in its financial reporting, ensuring compliance with regulatory standards[5]. - The company has established a long-term commitment to transparency and accountability in its financial disclosures[157]. - The company is actively working on compliance with regulatory requirements and maintaining investor trust[154]. - The company reported a commitment to ensure that the prospectus for its initial public offering does not contain false records, misleading statements, or significant omissions[151]. - The company guarantees to take legal and effective measures to prevent any direct or indirect competition with its business[171]. Risks and Challenges - The company faces ongoing risks from rising labor costs as new factories are put into production and capacity continues to increase, which may require higher employee compensation to attract and retain staff[6]. - Rising labor costs are anticipated due to increased production capacity, prompting the company to enhance automation to balance these costs[133]. - The company has committed to training and reserving international talent to support its global management strategy[133].

Financial Performance - The company's revenue for Q1 2021 was ¥516,891,128.15, representing a 27.18% increase compared to ¥406,436,169.22 in the same period last year[9] - Net profit attributable to shareholders for Q1 2021 was ¥22,447,345.09, a 6.80% increase from ¥21,019,082.77 year-on-year[9] - The net profit after deducting non-recurring gains and losses decreased by 53.91% to ¥5,926,546.67 from ¥12,858,200.00 in the previous year[9] - Basic and diluted earnings per share decreased by 35.53% to ¥0.0294 from ¥0.0456 year-on-year[9] - The company reported a net profit of CNY 842,322,075.09, up from CNY 819,874,730.00, indicating a growth of approximately 2.9%[60] - The company achieved a comprehensive income total of ¥29,978,190.97, compared to ¥11,423,239.51 in the previous period, indicating a growth of 162.5%[77] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥94,180,036.50, a decline of 192.05% compared to ¥102,311,539.93 in the same period last year[9] - Cash flow from operating activities was CNY -94,180,036.50, down from CNY 102,311,539.93 in the previous year, reflecting a negative cash flow situation[88] - The company incurred a total cash outflow from operating activities of CNY 477,961,436.39, compared to CNY 563,025,598.66 in the previous year[88] - Cash and cash equivalents at the end of the period were CNY 572,272,561.39, down from CNY 279,884,685.10 at the end of the previous year[90] - The cash inflow from investment activities was CNY 1,027,289,914.91, slightly lower than CNY 1,044,099,780.31 in the same period last year[88] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,148,702,199.36, an increase of 3.40% from ¥4,979,457,150.15 at the end of the previous year[9] - Current liabilities rose to CNY 671,396,319.85, compared to CNY 559,014,061.43, indicating an increase of approximately 20.1%[57] - Total liabilities reached CNY 769,655,674.78, up from CNY 635,717,419.17, marking an increase of around 21%[57] - Total assets increased to CNY 5,148,702,199.36, up from CNY 4,979,457,150.15, representing a growth of approximately 3.5%[60] - Non-current liabilities rose from $76,703,357.74 to $100,922,622.68, an increase of about 31.5%[100] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,471[14] - The largest shareholder, Guanghong Investment Co., Ltd., held 51.08% of the shares, totaling 395,691,660 shares[14] - The total number of restricted shares decreased from 19,479,993 to 14,929,161 after 4,550,832 shares were released from restrictions[21] Investment and Expenditures - The company has committed to investing RMB 236,726 million in various projects, with a progress rate of 6.06%[36] - The company has utilized RMB 158,000 million of idle raised funds to purchase structured deposits, leaving RMB 89,247,731.35 million for future project funding[40] - The company has pre-invested RMB 68,917.74 million in projects before the actual raised funds were in place[38] - Research and development expenses increased to ¥21,573,143.72, up from ¥17,870,398.84, representing a growth of 20.0%[71] Non-Recurring Items - The company reported non-recurring gains of ¥16,520,798.42 during the reporting period[9] - Other income grew by 77.84% to ¥3,416,847.54 due to more government subsidies recognized compared to the previous year[27] Financial Stability - The company’s total liabilities increased, impacting its financial stability and future investment capabilities[87] - The company's total equity remained stable at $4,343,739,730.98, with no significant changes reported[100] Accounting and Reporting - The first quarter report for 2021 was not audited, indicating preliminary financial results[108] - The company has chosen not to reassess existing contracts under the new leasing standards, impacting the cumulative effect on retained earnings as of January 1, 2021[107]

Financial Performance - Operating revenue for the period was CNY 633,281,630.87, representing a 28.81% increase year-on-year[9] - Net profit attributable to shareholders was CNY 116,455,174.25, a 3.24% increase compared to the same period last year[9] - The company reported a decrease of 1.45% in net profit after deducting non-recurring gains and losses, totaling CNY 99,911,689.05[9] - The total operating revenue for the third quarter reached ¥633,281,630.87, an increase of 28.8% compared to ¥491,654,701.57 in the same period last year[57] - The net profit for the current period is CNY 111,449,257.70, compared to CNY 110,340,728.31 in the previous period, showing a slight increase of approximately 1.0%[71] - The total profit for the current period is CNY 131,146,918.65, compared to CNY 129,847,463.73 in the previous period, reflecting an increase of approximately 1.0%[71] - The company's total profit for the third quarter was approximately CNY 325.53 million, down from CNY 346.70 million year-on-year, reflecting a decline of about 6.1%[81] Assets and Liabilities - Total assets increased by 81.37% to CNY 4,835,149,593.48 compared to the end of the previous year[9] - The company's total liabilities were ¥583,655,892.73 as of September 30, 2020, compared to ¥495,069,122.75 at the end of 2019, representing an increase of approximately 17.8%[45] - The total current assets reached ¥3,274,318,049.69 as of September 30, 2020, up from ¥1,427,637,428.55 at the end of 2019, indicating an increase of about 129%[39] - The total liabilities reached approximately ¥328.25 million, with current liabilities at ¥317.23 million and non-current liabilities at ¥11.02 million[117] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,879[13] - The largest shareholder, Guanghong Investment Co., Ltd., holds 51.08% of the shares[13] - The company repurchased a total of 1,632,200 shares during the reporting period, increasing the total repurchased shares to 9,523,540, which represents 1.23% of the total share capital[20] - The total number of restricted shares at the end of the period was 544,199,673, with no new restricted shares added during the reporting period[21] Cash Flow - Net cash flow from operating activities increased by 47.84% to CNY 120,054,422.43[9] - Cash inflow from operating activities totaled CNY 2,176,725,484.39, an increase from CNY 1,938,497,256.86 in the previous period, reflecting a growth of approximately 12.3%[91] - Cash inflow from financing activities amounted to CNY 2,326,460,791.59, a substantial rise from CNY 59,057,605.80 in the previous period, demonstrating strong capital raising efforts[93] - The company experienced a net increase in cash and cash equivalents of CNY 205,365,329.10, contrasting with a decrease of CNY -47,355,207.66 in the prior period[98] Investment and Expenses - Investment income increased by 125.59% to approximately CNY 28.74 million, driven by higher returns from financial product investments[28] - Research and development expenses for the quarter were ¥26,800,829.17, compared to ¥18,611,192.87 in the previous year, showing an increase of 44.0%[60] - The company reported a net investment income of ¥14,871,710.93, significantly higher than ¥5,870,970.09 from the previous year, representing an increase of 153.5%[60] - The company reported a significant amount of short-term borrowings and other financial liabilities, indicating potential liquidity concerns[117] Financial Adjustments and Standards - The company implemented new revenue and lease standards starting January 1, 2020, resulting in adjustments to the balance sheet items[110] - The company has implemented new revenue recognition and leasing standards, which may impact future financial reporting[122]

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with a year-on-year growth of 25%[15]. - The company's operating revenue for the current period is ¥1,141,189,859.91, representing a 7.96% increase compared to ¥1,057,040,976.15 in the same period last year[23]. - The net profit attributable to shareholders for the current period is ¥175,846,443.17, a decrease of 8.93% from ¥193,096,641.90 in the previous year[23]. - The net profit after deducting non-recurring gains and losses is ¥156,926,607.21, down 9.82% from ¥174,011,884.08 year-on-year[23]. - The net cash flow from operating activities is ¥253,789,959.54, which is 11.14% lower than ¥285,622,435.98 in the same period last year[23]. - The total assets at the end of the current period are ¥4,688,277,316.91, reflecting a 75.87% increase from ¥2,665,830,640.36 at the end of the previous year[23]. - The net assets attributable to shareholders at the end of the current period are ¥4,155,319,875.57, up 94.41% from ¥2,137,437,711.73 at the end of the previous year[23]. - The basic and diluted earnings per share for the current period are both ¥0.2554, a decrease of 39.19% from ¥0.42 in the same period last year[23]. - The weighted average return on equity is 5.98%, down from 10.45% in the previous year, a decline of 4.47%[23]. - The company achieved a revenue of 1.141 billion yuan, representing a year-on-year growth of 7.96%[60]. - The net profit attributable to shareholders was 176 million yuan, a decrease of 8.93% year-on-year[60]. - The net cash flow from operating activities was 254 million yuan, down 11.14% compared to the previous year[60]. Assets and Investments - The total assets of the company reached 1.2 billion RMB, reflecting a 15% increase compared to the previous year[15]. - Fixed assets increased by 16.78% to 1.159 billion yuan, primarily due to the purchase of automated production equipment[46]. - The balance of construction in progress rose by 254.65% to 123.16 million yuan, mainly due to new investments in the Phase III project[46]. - The balance of cash and cash equivalents increased by 90.95% to 794.42 million yuan, primarily from funds raised through the issuance of new shares[46]. - The balance of trading financial assets increased by 413.94% to 1.658 billion yuan, mainly due to new investments in financial products[49]. - The total amount of raised funds is 218,369.38 million yuan, with 30,929.72 million yuan invested during the reporting period[83]. - The investment progress for the smart production project is 6.53%, with a total committed investment of 198,320.66 million yuan[88]. - The cloud computing and industrial internet platform project has a total committed investment of 20,405.40 million yuan, with no investment made to date[88]. - A total of 160,000 million yuan of idle raised funds was used to purchase wealth management products, with a one-year term[92]. Operational Strategy - The company plans to enhance its automation capabilities to mitigate rising labor costs, which are expected to impact operations[6]. - The management team has established a comprehensive management system to support the expanding business scale, ensuring sustainable development[6]. - The company aims to improve operational efficiency and reduce waste through organizational optimization[6]. - The core management team is stable and experienced, which is crucial for meeting the increasing demands from growing orders[6]. - The company is focusing on enhancing customer management and supply chain management capabilities to adapt to the expanding production scale[6]. - The company plans to expand production capacity to meet increasing customer demand, particularly in the 5G mobile phone and network communication equipment markets[62]. - The company aims to strengthen talent acquisition and retention to support its long-term development strategy[63]. - The company is focusing on high-value segments such as medical electronics to diversify its product offerings and enhance revenue[102]. - The company is committed to smart manufacturing and technology upgrades to reduce costs and improve efficiency[105]. - The company aims to enhance its operational layout both domestically and internationally, focusing on expanding customer resources and high-end product areas[102]. Shareholder and Stock Information - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[6]. - The company’s stock is listed on the Shenzhen Stock Exchange under the code 300735[15]. - The company has committed to not reducing its shareholding within three years after the stock listing, and after the lock-up period, any transfer of shares will not exceed 25% of the total shares held annually[118]. - The company has a price stabilization commitment, ensuring that the average daily weighted price over 20 consecutive trading days does not fall below the latest disclosed net asset value per share[121]. - The company has promised to implement specific measures to stabilize its stock price if the average price falls below the net asset value per share within three years of listing[124]. - The company has committed to not transferring shares or allowing others to manage shares held prior to the IPO for 12 months post-listing[119]. - The company will not transfer shares for 18 months if a resignation is declared within six months of the stock listing[120]. - The company has established a commitment to ensure that any future equity incentive plans are linked to the execution of measures to compensate for diluted immediate returns[124]. - The company has promised to restrict the consumption behavior of directors and senior management to protect company interests[124]. - The company will not engage in unfair benefit transfers to other entities or individuals[124]. Compliance and Legal Matters - There were no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[152]. - The company has not experienced any penalties or rectification situations during the reporting period, reflecting good compliance practices[153]. - The company has confirmed that its half-year financial report has not been audited, which may affect the perception of its financial health[150]. - The company has not engaged in any illegal external guarantees during the reporting period[178]. - The company has maintained a commitment to social responsibility, with no major environmental incidents reported[184]. - The company has not reported any significant matters related to its subsidiaries during the reporting period[187]. Related Party Transactions - The company has committed to strictly fulfilling various related party transaction agreements with Guanghong Technology, ensuring no additional benefits beyond those stipulated in the agreements[145]. - The company has committed to compensating Guanghong Technology for any losses incurred due to violations of agreements related to social insurance or housing fund contributions[145]. - The company reported no significant related party transactions outside of normal business operations, ensuring transparency in its dealings[159]. Future Commitments - The company is currently fulfilling all commitments made regarding shareholding and price stabilization[121]. - The company reported a significant commitment to ensuring that its initial public offering (IPO) prospectus does not contain any false statements or omissions, with a promise to compensate investors for any losses incurred due to misleading information[127]. - The company will initiate a share buyback within three trading days if any regulatory authority identifies significant issues with the IPO prospectus, with the buyback price determined by the higher of the secondary market price or the issue price[127]. - The company has committed to avoiding any business activities that may compete with its operations, ensuring that any commercial opportunities are offered to the company first[130]. - The company has pledged to take effective measures to prevent any direct or indirect competition with its business during the period of control by its major shareholders[130]. - The company is currently fulfilling its long-term commitments regarding the integrity of its IPO prospectus and competitive practices[130]. - The company guarantees that it will not engage in any related transactions with Guanghong Technology unless absolutely necessary, and any such transactions will comply with relevant laws and regulations[139]. - The company will ensure that any related transactions with Guanghong Technology will be conducted under normal commercial conditions and will not seek preferential treatment[141].