Financial Performance - The company's operating revenue for 2020 was approximately ¥2.65 billion, representing a 17.54% increase compared to ¥2.26 billion in 2019[16]. - The net profit attributable to shareholders decreased by 43.48% to approximately ¥68.25 million from ¥120.75 million in 2019[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥27.07 million, a decrease of 77.68% compared to ¥121.29 million in 2019[16]. - The basic earnings per share dropped by 71.74% to ¥0.26 from ¥0.92 in 2019[16]. - The weighted average return on equity decreased to 5.68% from 16.96% in 2019, a decline of 11.28%[16]. - The net cash flow from operating activities increased by 29.90% to approximately ¥98.77 million compared to ¥76.04 million in 2019[16]. - The company reported a net profit of approximately ¥11.74 million in the fourth quarter, showing recovery compared to earlier quarters[18]. - The net profit for 2020 decreased by 43.48% compared to 2019, primarily due to the impact of the COVID-19 pandemic and increased R&D expenses[42]. Assets and Liabilities - The company's total assets increased by 30.63% to approximately ¥2.63 billion at the end of 2020, up from ¥2.02 billion at the end of 2019[16]. - The company's fixed assets increased by 20.15% year-over-year, primarily due to the purchase of machinery and equipment[26]. - Accounts receivable rose by 90.05% compared to the previous year, driven by rapid revenue growth in Q4 2020[26]. - The company's total assets included cash and cash equivalents of ¥518,750,457.80, which represented 19.69% of total assets, down from 27.94% at the beginning of the year[64]. - Accounts receivable increased to ¥771,155,613.00, accounting for 29.27% of total assets, up from 20.12% in the previous year[64]. Revenue Breakdown - Revenue from earphone products was CNY 2337.31 million, up 14.86% from 2019, with TWS earphone revenue soaring by 111.28% to CNY 1526.79 million[41]. - The company's TWS earphones accounted for 65.32% of its earphone business, which itself contributed over 88% to total revenue[25]. - Domestic revenue grew significantly by 87.49% to ¥865,556,820.08, while overseas revenue slightly decreased by 0.44% to ¥1,787,793,288.85[45]. Research and Development - The company has obtained a total of 50 invention patents and 367 utility model patents as of December 31, 2020, with 23 invention patents granted in 2020 alone[30]. - The company is focusing on R&D in TWS technology, smart wearables, and other innovative products to maintain its competitive edge[41]. - The company's R&D expenses increased by 31.36% to ¥104,334,763.69, representing 3.93% of total revenue[55]. Strategic Initiatives - The company is expanding its production capabilities with a three-pronged strategy involving Dongguan, Vietnam, and Jiangxi, enhancing its flexible manufacturing capabilities[30]. - The company has established strategic partnerships with leading brands such as Harman, Huawei, and Panasonic, ensuring a stable customer base[25]. - The company plans to expand its market presence in core areas such as TWS, voice interaction, active noise cancellation, and health monitoring to increase market share[90]. Dividend Policy - The company plans to distribute a cash dividend of ¥1 per 10 shares, based on a total share capital of 266,688,000 shares[4]. - The total distributable profit as of December 31, 2020, is 213,682,409.81 RMB, after accounting for the 2019 dividend distribution of 50,004,000 RMB[109]. - The company is implementing a cash dividend policy, aiming to distribute at least 10% of its distributable profits annually, provided certain conditions are met[99]. Compliance and Governance - The company confirmed that there were no significant violations in the management of raised funds, ensuring compliance with relevant regulations[79]. - The company has ongoing commitments to ensure that its IPO prospectus does not contain false records or misleading statements[121]. - The company is currently fulfilling its commitments regarding employee social insurance and housing fund payments, with ongoing compliance efforts[138]. Market Outlook - The global demand for acoustic products is expected to grow, driven by the rapid development of the consumer electronics industry, with a projected 11.4% year-on-year increase in global smartphone sales, reaching 1.5 billion units in 2021[87]. - The smart speaker market is projected to grow by 21% in 2021, with global shipments expected to reach 163 million units, highlighting the increasing demand for smart home integration[88]. - The wearable device market is anticipated to reach 35.81 billion USD by 2022, with a compound annual growth rate of 33.91%[90]. Shareholder Structure - The company’s shareholding structure includes 74.99% of shares under limited sale conditions and 25.01% under unrestricted conditions[177]. - The largest shareholder, Dongguan Wenfu Industrial Investment Co., Ltd., holds 39.60% of the shares, totaling 105,600,000 shares[184]. - The total number of shareholders at the end of the reporting period was 23,072, an increase from 19,878 at the end of the previous month[183].

Financial Performance - The company's revenue for Q1 2021 was ¥526,497,531.87, representing a 63.68% increase compared to ¥321,653,451.08 in the same period last year[8] - The net profit attributable to shareholders was -¥15,359,951.81, a decline of 105.59% from -¥7,471,156.70 year-on-year[8] - The basic earnings per share were -¥0.06, down 50.00% from -¥0.04 in the same period last year[8] - The company's revenue for Q1 2021 reached 526 million yuan, a year-on-year increase of 63.68%[33] - The net profit attributable to shareholders for Q1 2021 was -15.36 million yuan, a decline of 105.59% compared to the same period last year[33] - Net profit for the quarter was a loss of CNY 15,379,671.40, compared to a loss of CNY 7,471,156.70 in the same period last year, indicating a worsening financial performance[75] Cash Flow and Liquidity - The net cash flow from operating activities was -¥109,448,498.17, which is a 63.44% decrease compared to -¥66,967,245.95 in the previous year[8] - Cash received from sales and services in Q1 2021 was 881.40 million yuan, up 63.19% from 540.12 million yuan in Q1 2020[29] - The cash flow from operating activities was -¥109,448,498.17, worsening from -¥66,967,245.95 in the previous period[91] - The net cash flow from operating activities was -41,903,612.10 CNY, an improvement compared to -112,531,545.72 CNY in the previous period, indicating a reduction in losses by approximately 62.9%[94] - Total cash inflow from operating activities was 1,009,416,008.81 CNY, significantly higher than 558,695,471.82 CNY in the previous period, representing an increase of about 80.4%[94] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,446,868,593.38, a decrease of 7.13% from ¥2,634,591,188.07 at the end of the previous year[8] - The company's total current liabilities decreased to CNY 1,236,180,169.55 from CNY 1,413,142,813.09, a decline of about 12.5%[59] - Total liabilities were CNY 1,238,522,307.72, down from CNY 1,415,584,625.26, a decrease of about 12.5%[59] - Current assets totaled CNY 1,909,602,071.63, down from CNY 2,127,990,803.43, indicating a decrease of about 10.3%[53] - The company's equity attributable to shareholders was CNY 1,206,366,005.25, slightly down from CNY 1,219,006,562.81, a decrease of approximately 1.0%[62] Investments and Projects - The total amount of raised funds is 50,799.33 million CNY, with 28.88% of the total amount being reallocated[39] - The investment in the electric acoustic product smart factory construction project is 26,642.66 million CNY, with a completion rate of 52.39%[42] - The research and development center construction project has an investment of 6,460.8 million CNY, with a completion rate of 78.99%[42] - The total investment in working capital is 17,695.87 million CNY, fully utilized at 100%[42] - The project for the production of intelligent electric acoustic products in Jiangxi has an investment of 14,671 million CNY, with a completion rate of 10.18%[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,878[12] - The largest shareholder, Dongguan Wenfu Industrial, held 39.60% of the shares, amounting to 105,600,000 shares[13] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[20] Research and Development - Research and development expenses were CNY 20,241,257.29, slightly up from CNY 19,732,041.13, highlighting continued investment in innovation[72] - Research and development expenses for the current period were ¥18,800,577.86, slightly down from ¥18,890,278.68 in the previous period[80] Operational Costs - Total operating costs amounted to CNY 543,825,172.87, up from CNY 331,484,672.86, reflecting a significant increase in operational expenses[72] - The total operating costs for the current period were ¥447,755,780.82, up from ¥286,203,301.84 in the previous period, indicating a rise of 56.5%[80] Future Strategy - The company is expanding its product range to include smart wearable products, aiming to drive future growth[33] - The company plans to focus on market expansion and new product development as part of its future strategy[68]

佳禾智能科技股份有限公司 2021 年第一季度报告全文 COSONIC 佳禾智能科技股份有限公司 2021 年第一季度报告 2021-033 2021 年 04 月 1 佳禾智能科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人严文华、主管会计工作负责人杨明及会计机构负责人(会计主管 人员)刘东丹声明：保证季度报告中财务报表的真实、准确、完整。 2 佳禾智能科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | ...

Financial Performance - The total revenue for 2020 was approximately ¥2.65 billion, representing a 17.54% increase compared to ¥2.26 billion in 2019[22]. - The net profit attributable to shareholders decreased by 43.48% to approximately ¥68.25 million from ¥120.75 million in 2019[22]. - The net profit after deducting non-recurring gains and losses was approximately ¥27.07 million, a decline of 77.68% compared to ¥121.29 million in 2019[22]. - Basic earnings per share dropped by 71.74% to ¥0.26 from ¥0.92 in 2019[22]. - The gross profit margin for the electronic industry decreased by 3.51% to 11.46% in 2020[61]. - The net profit attributable to the parent company was CNY 68,245,800, a decrease of 43.48% year-on-year[60]. - TWS earphone revenue reached CNY 152,678,850, marking a significant growth of 111.28% compared to 2019[60]. - The company faced significant foreign exchange losses due to the depreciation of the US dollar, impacting profitability[60]. - Direct material costs accounted for 79.32% of total operating costs, reflecting a 25.55% increase from the previous year[65]. Cash Flow and Investments - The net cash flow from operating activities increased by 29.90% to approximately ¥98.77 million from ¥76.04 million in 2019[22]. - The net cash flow from financing activities decreased by 74.34% to ¥118,185,684.65, primarily due to the previous year's fundraising completion[79]. - Cash and cash equivalents decreased by 115.95% to -¥49,477,417.53, influenced by changes in operating and investment activities[79]. - The total investment amount for the reporting period reached ¥1,453,816,725.06, a significant increase of 966.67% compared to ¥229,338,604.21 in the same period last year[88]. - Investment cash inflows surged to ¥1,175,560,735.75, a significant increase of 18,994.69% compared to the previous year[79]. Assets and Liabilities - The total assets at the end of 2020 were approximately ¥2.63 billion, a 30.63% increase from ¥2.02 billion at the end of 2019[22]. - The proportion of accounts receivable increased to 29.27% of total assets, up from 20.12% at the beginning of the year[84]. - The company’s total share capital increased to 266,688,000 shares following the capital reserve conversion in 2019, which involved a 6-for-10 bonus share distribution[139]. Research and Development - As of December 31, 2020, the company held 50 invention patents, 367 utility model patents, and 166 design patents, indicating a strong focus on R&D[43]. - Research and development expenses increased by 31.36% to ¥104,334,763.69, driven by increased investment in R&D[72]. - The number of R&D personnel rose to 321, with R&D investment accounting for 3.93% of operating revenue[74]. - The company focused on R&D in TWS technology, increasing investment in professional acoustics, Bluetooth upgrades, and smart wearables[60]. Market Position and Strategy - The company’s main products include headphones, speakers, and audio cables, with headphones accounting for over 88% of revenue, and TWS headphones making up 65.32% of the headphone segment[35]. - The company has established long-term strategic partnerships with renowned institutions such as the Chinese Academy of Sciences and Tsinghua University, focusing on wearable smart product development[50]. - The company has accumulated a strong customer base, including international brands like Harman and Skullcandy, as well as domestic companies such as Huawei and Anker, enhancing its market position[50]. - The company is actively expanding its market presence and reducing dependency on single customers by acquiring new clients and exploring new markets[50]. - The company is committed to strengthening vertical supply chain integration to adapt to the increasing multifunctionality and intelligence requirements of consumer electronics[116]. Dividend Policy - The company plans to distribute a cash dividend of ¥1 per 10 shares to all shareholders[6]. - The total distributable profit as of December 31, 2020, is 213,682,409.81 RMB, after accounting for a legal surplus reserve of 3,933,963.38 RMB and a previous year's distribution of 50,004,000 RMB[135]. - The cash dividend distribution represents 100% of the total profit distribution amount for the year[135]. - The company has a cash dividend policy that mandates a minimum distribution of 80% of profits for mature companies without significant capital expenditure plans[130]. Risks and Challenges - High customer concentration poses a risk, as major clients like Harman and Huawei could reduce orders or lower prices, negatively impacting performance[119]. - The company's gross margin is susceptible to fluctuations due to industry conditions, customer structure, and raw material prices[120]. - Significant foreign revenue exposure means that exchange rate fluctuations, particularly with the USD, could adversely affect profit levels[120]. - The company faces intensified market competition, with both leading and small enterprises vying for market share through technological advancements and production scale[119]. Compliance and Governance - The company has committed to fulfilling promises made during the acquisition and restructuring processes, with ongoing compliance as of the report date[140]. - The company is actively working on compliance with legal regulations regarding shareholding and transfer, reinforcing its commitment to corporate governance[140]. - The company has established a long-term commitment to compensate investors for any losses resulting from misleading statements in the IPO prospectus[169]. - The company has made commitments regarding information disclosure, ensuring no false records or misleading statements in its IPO prospectus[158].

Financial Performance - Operating revenue for the period was CNY 929,227,376.86, representing a year-on-year increase of 24.46%[9] - Net profit attributable to shareholders decreased by 34.79% to CNY 39,936,515.07 compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 75.04% to CNY 17,098,233.94[9] - Basic earnings per share decreased by 69.39% to CNY 0.15[9] - The weighted average return on equity was 3.28%, down by 6.97% compared to the previous year[9] - The operating profit decreased to ¥48,460,215.50 from ¥77,218,784.33, reflecting a decline of 37.2%[57] - Net profit for the current period was ¥39,936,515.07, down 34.7% from ¥61,246,116.02 in the previous period[57] - The total profit for the current period was ¥49,023,401.93, a decrease of 36.5% from ¥77,222,480.15[57] - Net profit for the current period was ¥56,505,975.05, down from ¥97,639,569.75 in the previous period, indicating a decline of approximately 42.2%[71] Assets and Liabilities - Total assets increased by 22.83% to CNY 2,477,376,254.26 compared to the end of the previous year[9] - The company's total liabilities increased, with accounts payable rising by 60.25% to ¥1,022,081,670.38, reflecting increased procurement scale[22] - Total liabilities increased to CNY 751,591,522.17 from CNY 243,232,976.89, reflecting a significant rise of approximately 208.5%[51] - The company's equity attributable to shareholders reached CNY 1,165,235,869.74, compared to CNY 1,189,644,650.13 in the previous year, showing a slight decrease of about 2.0%[51] - Total current assets were reported at $1,633,874,189.68, remaining unchanged from the previous reporting period[97] - Total liabilities amounted to $821,060,777.73, indicating no change from the previous period[103] - The company’s total equity attributable to shareholders was $1,195,775,390.06, remaining stable compared to the previous period[103] Cash Flow - Net cash flow from operating activities decreased by 79.57% to CNY 35,671,578.33[9] - The net cash flow from operating activities for the current period is -61,005,476.43 CNY, compared to 82,282,449.75 CNY in the previous period, indicating a significant decline[84] - The total cash inflow from operating activities is 1,496,265,144.87 CNY, while the total cash outflow is 1,557,270,621.30 CNY, resulting in a net cash flow of -61,005,476.43 CNY[84] - The cash inflow from investment activities is 776,665,552.69 CNY, with a cash outflow of 933,133,490.71 CNY, leading to a net cash flow of -156,467,938.02 CNY[87] - The cash inflow from financing activities is 183,756,750.00 CNY, while the cash outflow is 111,240,344.84 CNY, resulting in a net cash flow of 72,516,405.16 CNY[87] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,355[13] - The largest shareholder, Dongguan Wenfu Industrial Investment Co., Ltd., holds 39.60% of the shares[13] Revenue and Income - Other income surged by 28,808.29% to ¥18,133,300.47, mainly from increased government subsidies[25] - The company reported a 191.77% increase in cash received from borrowings, totaling ¥182,756,750.00, indicating a rise in short-term loans[25] - Total operating revenue for the third quarter was CNY 929,227,376.86, an increase from CNY 746,620,082.60 in the same period last year, representing a growth of approximately 23.4%[51] - Total operating revenue for the current period reached ¥1,669,279,944.00, an increase from ¥1,628,646,951.62 in the previous period, representing a growth of approximately 2.0%[68] Research and Development - Research and development expenses increased to ¥29,384,665.08, up 52.8% from ¥19,257,841.30[57] - Research and development expenses rose to ¥67,781,265.48 from ¥59,432,112.49, marking an increase of approximately 14.0%[68] Financial Management - Financial expenses showed a significant decline of 254.03%, amounting to ¥21,953,516.59, primarily due to foreign exchange rate fluctuations[25] - The company reported a financial expense of ¥25,025,523.05, compared to a financial income of -¥16,317,015.30 in the previous period[57] - The company has implemented new revenue recognition standards effective from January 1, 2020, impacting financial reporting[113] Other Information - The company reported no significant non-recurring gains or losses during the reporting period[12] - The company has no overdue commitments or violations regarding external guarantees during the reporting period[27] - The company has not reported any short-term borrowings in the current liabilities section[109] - The third-quarter report was not audited, indicating preliminary financial data[113]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥740,052,567.14, a decrease of 16.10% compared to ¥882,026,869.02 in the same period last year[25] - The net profit attributable to shareholders was ¥16,569,459.98, down 54.48% from ¥36,399,876.73 year-on-year[25] - The net profit after deducting non-recurring gains and losses was ¥10,218,006.71, a decline of 71.42% compared to ¥35,754,082.55 in the previous year[25] - The basic earnings per share decreased by 79.31% to ¥0.06 from ¥0.29 in the same period last year[25] - The total assets at the end of the reporting period were ¥1,885,543,190.81, down 6.51% from ¥2,016,836,167.79 at the end of the previous year[25] - The net assets attributable to shareholders decreased by 2.73% to ¥1,163,104,591.29 from ¥1,195,775,390.06 at the end of the previous year[25] - The net cash flow from operating activities was negative at ¥96,677,054.76, slightly worse than the negative ¥92,288,569.93 in the same period last year[25] - Operating costs decreased by 13.98% to ¥642,580,271.24 from ¥747,013,710.33 year-on-year[50] - The net cash flow from operating activities was -¥96,677,054.76, a decline of 4.76% compared to -¥92,288,569.93 in the same period last year[53] - The company reported a significant increase in financing cash flow, which rose by 250.44% to ¥91,523,809.57 from ¥26,116,483.11 year-on-year[53] - The company's cash and cash equivalents increased by ¥264,509,349.69, accounting for 14.03% of total assets, primarily due to funds raised from the IPO[59] - Inventory increased to ¥432,105,798.55, representing 22.92% of total assets, attributed to decreased shipment volumes to overseas customers due to the COVID-19 pandemic[59] - The company experienced a 1,822.89% increase in income tax expenses, amounting to ¥1,416,656.03, primarily due to increased taxes from subsidiaries[53] Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[6] - The company plans to leverage its technological advantages and customer relationships to capture growth opportunities in the TWS true wireless earphone market as it recovers from the pandemic[49] - The company has established stable long-term strategic partnerships with leading brands such as Harman and Huawei, enhancing its market position[36] - The company is focused on continuous technological innovation and R&D investment to maintain its competitive edge in the audio product industry[49] - The company is investing heavily in R&D, with a budget increase of 15% for new technology development in 2020[110] - Market expansion plans include entering three new international markets by the end of 2021, targeting a 10% market share in each[110] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for potential deals[110] - A new marketing strategy has been implemented, aiming to increase brand awareness by 40% over the next year[110] Risks and Compliance - The company faced risks and has outlined corresponding measures in its report[5] - The company faces risks related to customer concentration, exchange rate fluctuations, and potential order reductions due to the COVID-19 pandemic in Europe and the United States[85] - The company is currently fulfilling commitments made during its initial public offering, which restricts major shareholders from transferring their shares for 36 months[93] - The company reported that it is in compliance with regulations regarding shareholder equity changes and commitments made during asset restructuring[93] - The company has ongoing commitments from major shareholders to adhere to shareholding restrictions, ensuring stability in share ownership[99] - The company is actively monitoring compliance with its commitments and will announce any violations promptly[104] - The management emphasized compliance with legal regulations regarding shareholder equity and commitments to transparency in financial reporting[110] Future Outlook - The company provided a positive outlook for the second half of 2020, projecting a revenue growth of 20% to 25%[110] - New product launches are expected to contribute an additional 200 million yuan in revenue by Q4 2020[110] - The company has set a future outlook with a revenue target of 3 billion yuan for the full year 2020, which would require a 25% increase in the second half[179] - The company is expanding its market presence, targeting a 30% increase in market share in the next 12 months through strategic partnerships[179] Research and Development - The company has committed to enhancing its R&D budget by 10% to accelerate technology advancements and product innovation[179] - The company is actively engaged in research and development of new products and technologies to enhance its market position[176] Shareholder Commitments - The company promises not to interfere with the operations of Jiahe Intelligent and to uphold the interests of the company[129] - The company plans to hold Jiahe Intelligent shares long-term and will comply with regulations regarding shareholder reductions post-lockup period[135] - Any reduction in shares will be disclosed 15 trading days in advance, including details such as the number of shares, source, timing, method, price range, and reason for reduction[137] - The company will ensure that any share reduction complies with relevant laws and regulations, including trading methods and reporting requirements[141] - If the company fails to fulfill its commitments regarding share reductions, any profits from the transfer of shares will belong to Jiahe Intelligent[141] - The company will compensate for any losses incurred by investors due to non-fulfillment of commitments, except in cases of force majeure[149] - The company is committed to timely and sufficient disclosure of any unfulfilled commitments, along with reasons and apologies to shareholders and the public[153] - The controlling shareholder has pledged to correct any unfulfilled commitments within the required timeframe set by regulatory authorities[154] - The company will bear compensation responsibilities if investors suffer losses due to unfulfilled commitments[155] - The company has made commitments regarding employee social insurance and housing fund payments, ensuring compliance and covering any penalties incurred[167] Operational Updates - The company completed a change in registered capital and obtained a new business license on June 29, 2020[24] - The company's construction projects in progress increased by 39.76% compared to the end of the previous year, driven by the operations center project and the Vietnam industrial park project[37] - The company has invested RMB 2,993.58 million in the R&D center construction project, achieving a progress rate of 46.33%[72] - The smart factory construction project for acoustic products received RMB 1,816.88 million, with a progress rate of 6.82%[72] - The company has invested RMB 56.61 million in working capital, achieving 100% of the planned investment[72] - The total amount of entrusted financial management was RMB 53,600 million, with a remaining balance of RMB 36,100 million[78] - The company has no overdue amounts in entrusted financial management[78] - No major litigation or arbitration matters were reported during the period, ensuring a stable operational environment[189] - The company has not engaged in any significant related-party transactions, adhering to fair and transparent practices[200]

佳禾智能科技股份有限公司 2020 年第一季度报告全文 COSONIC 佳禾智能科技股份有限公司 2020 年第一季度报告 2020-023 2020 年 04 月 1 佳禾智能科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人严文华、主管会计工作负责人杨明及会计机构负责人(会计主管 人员)刘东丹声明：保证季度报告中财务报表的真实、准确、完整。 2 佳禾智能科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | ...

Financial Performance - The company's operating revenue for 2019 was approximately RMB 2.26 billion, representing a 67.58% increase compared to RMB 1.35 billion in 2018[26] - The net profit attributable to shareholders for 2019 was approximately RMB 120.75 million, a 9.39% increase from RMB 110.39 million in 2018[26] - The net profit after deducting non-recurring gains and losses was approximately RMB 121.29 million, which is a 24.51% increase compared to RMB 97.42 million in 2018[26] - The total assets at the end of 2019 reached approximately RMB 2.02 billion, a 76.58% increase from RMB 1.14 billion at the end of 2018[26] - The net assets attributable to shareholders increased by 110.91% to approximately RMB 1.20 billion from RMB 566.96 million in 2018[26] - The basic earnings per share for 2019 was RMB 0.92, up 4.55% from RMB 0.88 in 2018[26] - The weighted average return on equity for 2019 was 16.96%, down from 21.62% in 2018, reflecting a decrease of 4.66%[26] Cash Flow and Investments - The company experienced a significant decline in net cash flow from operating activities, which was approximately RMB 76.04 million, a decrease of 61.52% from RMB 197.62 million in 2018[26] - The net cash flow from operating activities was CNY -56,946,331.90, indicating a negative cash flow situation[31] - Operating cash inflow for 2019 was CNY 2,359,352,933.73, an increase of 48.32% compared to CNY 1,590,677,794.94 in 2018[80] - Operating cash outflow for 2019 was CNY 2,283,317,162.82, a rise of 63.91% from CNY 1,393,055,142.59 in 2018[80] - Total investment activities cash outflow for 2019 was CNY 229,338,604.21, a 69.67% increase from CNY 135,168,975.58 in 2018[92] - Cash and cash equivalents at year-end 2019 amounted to CNY 563,522,075.38, representing 27.94% of total assets, up from 24.36% at the beginning of the year[89] Revenue Sources and Market Position - The ODM model accounted for 98.63% of the main business revenue, with ODM product revenue reaching 2,225.75 million CNY, up from 1,205.91 million CNY in 2018[58] - Wireless earphones represented 85.39% of the main business revenue, driven by the high demand in the wireless earphone market[55] - The global wearable device market grew by 82.3% in Q4 2019, reaching a record high of 118.9 million units, with wireless earphones accounting for 50.7% of the market[54] - The company has secured partnerships with major clients such as Harman, Anker, and Beats, enhancing its market influence and customer base[50] Research and Development - The company invested 79.43 million CNY in R&D during the reporting period, marking a 24.14% increase year-on-year[58] - The company is actively investing in technology research and development to enhance its competitive edge in the market[41] - The company has obtained 28 invention patents and 435 utility model and design patents as of December 31, 2019, with 14 invention patents granted during the reporting period[49] Risks and Challenges - The company has a high customer concentration risk, primarily in the consumer electronics sector, which may lead to order fluctuations if key customers are affected by external factors[6] - The company is facing risks related to rising costs, exchange rate fluctuations, and potential order reductions due to the COVID-19 pandemic impacting overseas sales[6] - The company acknowledges risks such as customer concentration, rising costs, exchange rate fluctuations, and potential impacts from the COVID-19 pandemic on overseas orders[4] Shareholder and Dividend Policies - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling 50,004,000 RMB (including tax) for the fiscal year 2019[123] - The cash dividend represents 41.41% of the net profit attributable to ordinary shareholders, which was 120,754,456.86 RMB for the year 2019[126] - The company has maintained a cash dividend policy consistent with its articles of association and dividend management measures[123] - The company’s distributable profits amounted to 228,280,739.35 RMB, with the cash dividend accounting for 100% of the profit distribution[123] Compliance and Governance - The company has committed to ensuring that its IPO prospectus does not contain false records, misleading statements, or significant omissions[151] - The company will compensate investors for losses incurred due to false records or misleading statements in its IPO prospectus[151] - The company has established a long-term commitment to ensure compliance with relevant laws and regulations regarding stock reduction and investor protection[186] - The company is actively working on compliance measures to correct any failures in fulfilling commitments as required by regulatory authorities[195]

佳禾智能科技股份有限公司 2019 年第三季度报告全文 COSONIC 佳禾智能科技股份有限公司 2019 年第三季度报告 2019-004 2019 年 10 月 1 佳禾智能科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人严文华、主管会计工作负责人杨明及会计机构负责人(会计主管 人员)刘东丹声明：保证季度报告中财务报表的真实、准确、完整。 2 佳禾智能科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|----------------- ...