Fundraising and Utilization - The total net amount raised from the initial public offering in 2019 was RMB 507,993,253.48, and in 2021, the company raised RMB 991,200,000.00 through a specific issuance of shares, with a net amount of RMB 976,031,961.17 after deducting issuance costs[1][3]. - As of December 31, 2022, a total of RMB 466,634,150.58 from the 2019 IPO funds had been utilized, leaving a surplus of RMB 53,872,693.79 for working capital[2]. - The cumulative investment of the raised funds from the 2021 issuance into projects reached RMB 531,051,081.98, with unused funds amounting to RMB 460,174,794.30[3]. - The company has established a three-party supervision agreement for the raised funds, ensuring compliance with regulations set by the Shenzhen Stock Exchange[4]. Financial Performance - The company's operating revenue for 2022 was ¥2,172,250,836.17, a decrease of 20.54% compared to ¥2,733,716,445.98 in 2021[34]. - The net profit attributable to shareholders for 2022 was ¥173,582,671.34, representing a significant increase of 230.61% from ¥52,503,706.53 in 2021[34]. - The net profit after deducting non-recurring gains and losses reached ¥160,323,471.07, up 2,631.05% from ¥5,870,396.44 in the previous year[34]. - The basic earnings per share for 2022 was ¥0.51, an increase of 168.42% compared to ¥0.19 in 2021[34]. - The total assets at the end of 2022 amounted to ¥3,523,264,771.44, reflecting a growth of 2.27% from ¥3,444,930,406.66 at the end of 2021[34]. - The company's net assets attributable to shareholders increased by 7.62% to ¥2,435,564,842.64 at the end of 2022, up from ¥2,263,196,340.35 in 2021[34]. Market Trends - The global headphone and headset market is expected to exceed $126.7 billion by 2027, with a compound annual growth rate (CAGR) of approximately 20.30% from 2020[50]. - The global bone conduction headphone market is projected to grow at a CAGR of 23.5%, reaching $3 billion by 2028[50]. - The global smart speaker market is anticipated to grow at a CAGR of over 19.4%, reaching approximately $29.02 billion by 2028[50]. - The global smartwatch market is expected to see a shipment increase of 28.10% in 2022, reaching 269 million units[53]. - The global smart glasses market is forecasted to grow at a CAGR of 17.2%, reaching $15.788 billion by 2027[53]. Product Development and Innovation - The company is actively involved in the development of health monitoring devices and portable health monitoring products as part of national policy support[53]. - The company is exploring new technologies such as AR/VR, with significant investments expected in the sector, particularly in China, which is projected to have a CAGR of 43.8%[53]. - The company is committed to innovation in product development, particularly in the areas of audio technology and smart wearable devices[60]. - The company is developing multiple upgraded active noise-canceling headphones and sleep headphones, aiming to enhance product competitiveness[124]. Sales and Revenue Composition - The company's main business revenue primarily comes from headphones (77.04% of total revenue), speakers (19.26%), and smart wearable products (3.06%)[94]. - Domestic sales accounted for 29.05% of total revenue, with a decrease of CNY 542.83 million, while overseas sales made up 70.95%, with a decrease of CNY 18.63 million[96]. - The sales revenue of the company's audio products ranks just behind major competitors like GoerTek and Luxshare Precision, indicating a strong market position[59]. Research and Development - The company has established a mature and efficient R&D model, dividing R&D work into technical pre-research and product development to shorten product development cycles[76]. - As of December 31, 2022, the company holds 766 valid authorized patents, including 75 invention patents and 459 utility model patents in China, showcasing strong R&D capabilities[85]. - Research and development expenses increased by 12.44% to ¥131,868,566.58 from ¥117,279,209.13 in 2021[123]. - The number of R&D personnel increased by 12.33% to 501 in 2022, representing 10.83% of the total workforce, compared to 6.76% in 2021[132]. Supply Chain and Production - The company has implemented an information-based and intelligent production management system, significantly enhancing its flexible intelligent manufacturing capabilities[90]. - The production bases in Dongguan, Vietnam, and Jiangxi are expected to enhance production capacity and reduce overall costs, contributing to improved profitability[106]. - The company actively conducts procurement based on production needs, ensuring efficient supply chain management through a dedicated procurement department[78]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation and management[186]. - The company held 4 shareholder meetings during the reporting period, adhering to all voting procedures and protecting shareholder rights[186]. - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the reporting period[186]. - The supervisory board has 3 members and conducted 8 meetings, ensuring compliance and effective supervision of management[189]. Financial Management - The company has a clear policy for managing financial assets, classifying them based on the business model and cash flow characteristics[178]. - The company recognizes expected credit losses for financial assets measured at amortized cost and debt instruments measured at fair value with changes recognized in other comprehensive income[199]. - The company assesses the classification of financial liabilities at initial recognition[195].

Group 1: Company Strategy and Performance - In 2023, the company will continue to adhere to the operational policy of "maintaining performance and cash flow," focusing on major clients and large orders as marketing strategies [1] - The company aims to enhance production capacity at its Vietnam base to ensure steady growth in performance for 2023 [2] - The company has successfully introduced new major clients, including a leading domestic e-commerce client, LG, and a renowned Indian wearable brand [2] Group 2: Research and Development - The company has established a dedicated AR research team and is collaborating with clients to develop a light guide AR glasses [2] - The company has applied for over 50 patents related to AR glasses, smart glasses, and bone conduction products, with a total of 222 invention patents, 513 utility model patents, 229 Chinese design patents, and 24 international design patents [2] Group 3: Production Layout - The company has formed a three-pronged production base strategy with operations and R&D centered in Songshan Lake, while Jiangxi, Dongguan, and Vietnam serve distinct production roles [2] - Jiangxi will focus on large-scale product manufacturing, Dongguan on new products and high R&D requirements, and Vietnam on certain export products, which will lower overall costs and positively impact performance [2] Group 4: Financial Outlook - The company has achieved excellent performance in 2022, and with strategic adjustments and optimized production layouts, it expects to maintain this growth momentum in 2023 [2]

Group 1: Company Performance and Revenue - In 2019, the company is expected to maintain steady revenue growth, with specific performance details to be confirmed in the annual report [1][2] - The TWS (True Wireless Stereo) earphone business has been gradually increasing since 2018, with significant growth from clients like Harman, Skullcandy, and Anker in 2019 [2] Group 2: Seasonal Trends - The demand for electroacoustic products is seasonal, aligning with the overall consumer electronics industry, particularly during holidays and promotional periods, leading to higher sales in the second half of the year [2] Group 3: Future Market Strategy - The company aims to sustain order growth from existing clients while increasing orders from new major clients to maintain growth levels [2] Group 4: Production Capacity - The current production capacity at the Shipa base is 2.5 billion RMB, which is sufficient to meet current business demands, with plans to expand production in the existing facility [3] - A new production base in Vietnam is planned to start trial production by the end of 2019, with a projected capacity of 1 billion RMB [3] Group 5: Order Status and Industry Position - The company has a robust order backlog for TWS earphones, indicating strong profitability and stability [3] - The company possesses manufacturing, first-mover, and customer advantages, having established relationships with numerous well-known international and domestic clients, including Harman, Beats, and Huawei [4]

证券代码：300793 证券简称：佳禾智能 编号：2022005 | --- | --- | |-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | □特定对象调研 □分析师会议 | | | □媒体采访 □业绩说明会 | | | □新闻发布会 | | 投资者关系活动类别 | □现场参观 □一对一沟通 | | | □√其他（投资者交流会） | | | | | 参与单位名称及人员 姓名 | 国盛电子 钟琳，信达澳银 吴清宇，华泰证券 金 祁滕，广发基金 周聪，云禧私募 升，红猫资产 钟小兵，珠江人寿 张福春，通犀资产孙斌，三和创赢 天贝合资产 黄少波，富业盛德 李育开，大 ...

证券代码：300793 证券简称：佳禾智能 佳禾智能科技股份有限公司投资者关系活动记录表 编号：2022006 | --- | --- | --- | |-----------------------------|---------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | □新闻发布会 | □路演活动 | | 投资者关系活动类别 | □现场参观 □一对一沟通 | | | | □√其他（投资者交流会） | | | 参与单位名称及人员 姓名 | 武玉迪 | 海富通基金刘海啸，德邦证券陈妙杨、徐巡、魏永辉，华商基金常宁， 尚近投资赵俊，申万宏源证券陈旻，万家基金况晓、李文宾 ...

证券代码：300793 证券简称：佳禾智能 佳禾智能科技股份有限公司投资者关系活动记录表 编号：2022004 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

证券代码：300793 证券简称：佳禾智能 佳禾智能科技股份有限公司投资者关系活动记录表 编号：2022003 | --- | --- | --- | --- | --- | |--------------------|----------------------------------|-----------|-------|----------------------------------------------------------------| | | | | | | | | □特定对象调研 □分析师会议 | | | | | | □媒体采访 □业绩说明会 | | | | | | □新闻发布会 | □路演活动 | | | | 投资者关系活动类别 | □现场参观 □一对一沟通 | | | | | | □ √ 其他 （投资者交流会） | | | | | | | | | | | | | | | 深圳前海聚龙投资有限责任公司林继斌，方正证券股份有限公司姜肖 | | | | | | 伟，信达澳银基金冯明远，广东冠达菁华私募基金管理有限公司岳鹏、 | | | | | | 朱涛、岳永明、强继军，深圳市明曜投资管理 ...

证券代码：300793 证券简称：佳禾智能 佳禾智能科技股份有限公司投资者关系活动记录表 编号：2022008 | --- | --- | --- | |-------------------------|-------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------| | | | | | | □ √ | 特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | | □现场参观 □一对一沟通 | | | □其他 | | | | 资瑞兴投资 邢奕才；中金公司 云投行资本 屈云新；圆石投资 | 吴鹏、陈中雷；展创资本 ...

Financial Performance - Revenue for Q3 2022 was CNY 700,386,781.68, a decrease of 14.84% compared to the same period last year[6] - Net profit attributable to shareholders for Q3 2022 was CNY 80,876,803.91, an increase of 85.41% year-on-year[6] - Net profit excluding non-recurring items for Q3 2022 was CNY 82,848,922.77, up 116.06% from the previous year[6] - Basic earnings per share for Q3 2022 was CNY 0.24, reflecting a 50.00% increase compared to the same period last year[6] - Total operating revenue for Q3 2022 was ¥1,790,957,490.46, a decrease of 14.6% compared to ¥2,097,429,590.28 in Q3 2021[32] - Net profit for Q3 2022 reached ¥154,848,100.79, an increase of 91.1% compared to ¥81,061,634.70 in Q3 2021[35] - Basic and diluted earnings per share both improved to ¥0.46 from ¥0.30 year-over-year[38] Research and Development - R&D expenses for the first nine months of 2022 totaled CNY 99,856,644.08, a 40.25% increase due to new product development[14] - Research and development expenses for Q3 2022 amounted to ¥99,856,644.08, up 40.4% from ¥71,197,624.62 in Q3 2021[35] Assets and Liabilities - Total assets as of September 30, 2022, were CNY 3,409,446,181.42, a decrease of 1.03% from the end of the previous year[6] - Total assets as of Q3 2022 were ¥3,409,446,181.42, slightly down from ¥3,444,930,406.66 in Q3 2021[32] - Total liabilities decreased to ¥987,502,677.93 from ¥1,181,734,066.31, a decline of 16.4%[32] - The company's equity attributable to shareholders increased to ¥2,421,943,503.49, up from ¥2,263,196,340.35, reflecting a growth of 7%[32] Cash Flow - The company's cash flow from operating activities for the first nine months was CNY 90,797,345.54, an increase of 134.18% year-on-year[6] - The company reported a net cash flow from operating activities of ¥90,797,345.54, a significant increase of 134.18% compared to the previous year[18] - The company experienced a drastic decline in cash flow from investing activities, reporting a net outflow of ¥579,400,060.01, which is an increase of 887.10% year-over-year[18] - The net cash flow from investment activities was -¥579,400,060.01, worsening from -¥58,697,035.71 year-over-year[42] - The company's financing activities resulted in a net cash outflow of -¥176,313,677.38, contrasting with a net inflow of ¥246,863,227.03 in the previous period[42] Other Financial Metrics - The weighted average return on equity for the first nine months was 6.62%, an increase of 0.18% compared to the same period last year[6] - The company's total deferred income increased by 49.82% to ¥28,606,007.45, primarily due to an increase in government grants related to assets[17] - The company’s retained earnings rose by 56.19% to ¥430,412,184.12, attributed to an increase in net profit[17] - The cash and cash equivalents at the end of the period amounted to ¥695,290,449.51, reflecting a 55.88% increase from the previous year[18] - The company reported a significant reduction in other current liabilities, down 60.75% to ¥525,835.03, mainly due to the recognition of previously deferred sales tax[17] - The company’s total liabilities related to lease obligations dropped to zero, a 100% decrease, due to the termination of a factory lease contract[17] - The company’s cash and cash equivalents at the beginning of the period were ¥1,343,784,309.34, marking a 161.41% increase year-over-year[18] - The company’s other comprehensive income increased by 43.29% to ¥12,905,703.34, mainly due to an increase in foreign currency translation differences[17] - Cash inflow from investment activities totaled ¥2,077,583,227.12, up from ¥1,052,567,158.12 in the prior year[42] - The company received cash from the recovery of investments amounting to ¥2,069,000,000.00, significantly higher than ¥1,040,000,000.00 in the previous year[42] - The company reported a decrease in cash inflow from operating activities, totaling ¥1,934,160,522.41, down from ¥2,505,277,570.64[42] - The company experienced a foreign exchange impact on cash and cash equivalents amounting to ¥16,422,532.02, compared to ¥9,510,787.43 in the prior year[42]