广东久量股份有限公司 2022 年第三季度报告 证券代码：300808 证券简称：久量股份 公告编号：2022-044 广东久量股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 123,780,669.79 | -21.63% | 403,128,936.51 | -17.90% | | 归属于上市公司股东 | -3,303,634.35 | -400.60% | -13,696,606.62 | -170.78% | | 的净利润（元） | | | | | | 归属于上市公司股东 的扣除非经常性损益 | -3,520,912.08 | -555.37% | -14,010,705.90 | -178.31% | | 的净利润（元） | | | | | | 经营活动产生的现金 | - ...

证券代码：300808 证券简称：久量股份 公告编号：2022-041 广东久量股份有限公司 关于参加2022年广东辖区上市公司投资者网上 集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的沟通交流，广东久量股份有限公司（以下简称"公 司"）将参加由广东证监局和广东上市公司协会主办的"2022广东上市公司投资者网 上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网上平台 举行，投资者可以登录"全景• 路演天下"（http://rs.p5w.net）参与公司本次投 资者网上接待日活动。网上互动交流时间为2022年9月22日（星期四）下午15:50- 16:50。 届时公司董事长兼总经理卓楚光先生、董事会秘书李侨先生、董事兼财务总监陈 一华先生将通过网络互动形式，与投资者进行沟通与交流。 欢迎广大投资者积极参与。 特此公告。 广东久量股份有限公司董事会 2022 年 9 月 19 日 ...

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was RMB 200 million, up 10% compared to the same period last year[19]. - The company has set a revenue target of RMB 2.5 billion for the full year 2022, indicating a growth forecast of 20%[19]. - The company's revenue for the reporting period was ¥279,348,266.72, a decrease of 16.14% compared to ¥333,097,695.05 in the same period last year[25]. - The net profit attributable to shareholders was -¥10,392,972.27, representing a decline of 156.94% from ¥18,252,831.12 in the previous year[25]. - The company reported a basic earnings per share of -¥0.0650, a decrease of 156.97% compared to ¥0.1141 in the same period last year[25]. - The net profit for the first half of 2022 was a loss of CNY 10,390,554.66, compared to a profit of CNY 18,094,524.99 in the first half of 2021[161]. - The company's total comprehensive income for the first half of 2022 was -7,109,070.68 CNY, compared to 20,507,658.19 CNY in the first half of 2021[166]. Investment and R&D - The company plans to invest RMB 300 million in R&D for new LED technologies in the upcoming year[19]. - The company has established a comprehensive R&D management system to ensure timely product development and high user experience, with a focus on market research and user needs[44]. - The company is committed to continuous investment in R&D to maintain its core competitiveness and adapt to market changes[45]. - Research and development expenses were CNY 9,185,664.75, down 23.39% from CNY 11,990,470.79[55]. - The company has a strong focus on R&D for new products, which is expected to drive future revenue growth[185]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[19]. - The company has identified potential acquisition targets in the LED sector to enhance its competitive edge[19]. - The company is actively promoting its "DP Jiu Liang" brand in overseas markets, particularly in regions covered by the Belt and Road Initiative[53]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[174]. - The company aims to improve its operational efficiency through strategic mergers and acquisitions in the upcoming quarters[178]. Financial Health and Assets - The total assets at the end of the reporting period were ¥1,365,882,464.43, down 3.52% from ¥1,415,683,554.41 at the end of the previous year[25]. - The company's current assets decreased to CNY 551,624,207.59 from CNY 660,875,856.32, reflecting a decline of approximately 16.5%[153]. - The total liabilities decreased to CNY 294,914,004.09 from CNY 334,324,539.41, a decline of about 11.7%[155]. - The company's total equity was CNY 1,089,781,924.88, slightly down from CNY 1,096,890,995.56 at the end of 2021[159]. - The company reported a total of 39,211 million CNY in fundraising, with 34,951 million CNY (70.02%) allocated to projects[76]. Risks and Challenges - The impact of COVID-19 is expected to have a temporary effect on production, with recovery anticipated in Q3 2022[3]. - The company faces risks related to policy changes and market fluctuations, which may affect future performance[3]. - The company faces intensified market competition in the lighting industry, with low industry concentration and competition from both international brands and domestic appliance and electronics companies[85]. - Fluctuations in raw material prices, including plastics, LED lights, batteries, circuit boards, and paper boxes, could adversely affect production costs[86]. - The company faces risks in overseas business expansion due to uncertainties in export country policies, local market demand, and foreign exchange markets[86]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for this reporting period[5]. - The largest shareholder, Zhuo Chuguang, holds 42.88% of the shares, totaling 68,604,000 shares, with no change during the reporting period[139]. - The second-largest shareholder, Guo Shaoyan, holds 19.99% of the shares, totaling 31,980,000 shares, with no change during the reporting period[139]. - The company has not distributed cash dividends or conducted stock bonus plans during the reporting period[97]. Compliance and Governance - The semi-annual financial report was not audited[108]. - The financial report was approved by the board of directors on August 24, 2022[188]. - The financial statements comply with the requirements of the accounting standards, reflecting the company's financial position and operating results accurately[194]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[192].

Financial Performance - The company's revenue for Q1 2022 was ¥134,735,116.70, a decrease of 14.66% compared to ¥157,883,192.37 in the same period last year[4] - The net profit attributable to shareholders was -¥3,441,535.14, representing a decline of 126.66% from ¥12,910,010.46 in the previous year[4] - The company experienced a net loss of -¥3,440,339.66, a decline of 126.15% from a profit of ¥13,155,250.35 in the previous year, mainly due to the impact of the pandemic and increased costs[7] - The net profit for the first quarter of 2022 was -3,440,339.66 CNY, compared to a net profit of 13,155,250.35 CNY in the same period last year, indicating a significant decline[18] - The company reported a total comprehensive loss of -3,440,339.66 CNY for the first quarter, compared to a comprehensive income of 13,154,966.28 CNY in the previous year[18] Cash Flow and Operating Activities - The net cash flow from operating activities improved to ¥10,398,746.63, a significant increase of 158.56% compared to -¥17,756,067.48 in the same period last year[4] - Operating cash flow for the first quarter was 10,398,746.63 CNY, a recovery from a negative cash flow of -17,756,067.48 CNY in the same period last year[22] - The net cash flow from investing activities was -59,776,466.55 CNY, worsening from -13,443,762.71 CNY in the previous year[22] - The net cash flow from financing activities was 47,455,557.29 CNY, compared to a negative cash flow of -32,356,275.58 CNY in the same period last year[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,448,531,623.28, reflecting a 2.32% increase from ¥1,415,683,554.41 at the end of the previous year[4] - Total assets as of March 31, 2022, were CNY 1,448,531,623.28, up from CNY 1,415,683,554.41 at the beginning of the year[16] - Total liabilities increased to CNY 370,612,947.94 from CNY 334,324,539.41, marking an increase of 10.83%[16] - Non-current assets totaled CNY 784,432,657.02, an increase from CNY 754,807,698.09 at the beginning of the year[15] Expenses and Costs - The company reported a financial expense of ¥3,098,683.32, which is an increase of 292.39% compared to ¥789,699.70 in the same period last year, primarily due to foreign exchange losses[7] - The asset impairment loss increased by 666.11% to -¥6,309,828.65, attributed to slower inventory turnover and rising raw material costs[7] - Total operating costs for Q1 2022 were CNY 132,714,854.52, down 7.29% from CNY 143,157,485.75 in Q1 2021[17] - The company incurred operating expenses of 136,790,690.61 CNY, down from 189,806,258.83 CNY in the previous year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,160[11] - The basic and diluted earnings per share for the first quarter were both -0.02 CNY, down from 0.08 CNY in the previous year[19] Research and Development - The company reported R&D expenses of CNY 4,082,980.48 for Q1 2022, down from CNY 4,949,431.73 in Q1 2021, a decrease of 17.53%[17] Government Support - The company received government subsidies amounting to ¥291,321.34 during the reporting period[6] Inventory and Receivables - Accounts receivable increased to CNY 296,931,803.28 from CNY 283,437,832.57 at the beginning of the year, indicating a rise of 4.93%[14] - Inventory decreased to CNY 207,072,104.99 from CNY 221,737,994.13, reflecting a decline of 6.66%[14] Audit Information - The company did not conduct an audit for the first quarter report[23]

Financial Performance - The company achieved operating revenue of RMB 628,877,958.08, a year-on-year decrease of 10.87%[5] - The net profit attributable to shareholders was RMB 8,332,990.58, down 78.27% year-on-year[5] - The decline in performance was primarily due to the ongoing impact of the COVID-19 pandemic and rising costs of raw materials and logistics[5] - The company's operating revenue for 2021 was ¥628,877,958.08, a decrease of 10.87% compared to ¥705,548,042.18 in 2020[20] - The net profit attributable to shareholders for 2021 was ¥8,332,990.58, down 78.27% from ¥38,339,271.58 in 2020[20] - The net profit after deducting non-recurring gains and losses was ¥5,339,955.93, representing an 82.87% decline from ¥31,176,255.84 in 2020[20] - The net cash flow from operating activities was ¥13,790,004.71, a significant drop of 87.10% compared to ¥106,869,750.05 in 2020[20] - The company's total revenue for 2021 was ¥628,877,958.08, representing a decrease of 10.87% compared to ¥705,548,042.18 in 2020[56] Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[7] - The company emphasizes a profit distribution policy that ensures cash dividends are at least 10% of the annual distributable profit when conditions are met[170] - The company has a cash dividend policy that mandates a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans[172] - In 2021, the company reported a total distributable profit of CNY 346,031,263.09, with no cash dividends distributed, resulting in a cash dividend ratio of 0.00%[176] - The decision to not distribute cash dividends in 2021 was based on the need to retain profits for daily operations and long-term development[176] - The company plans to distribute cash dividends, with a minimum of 10% of the annual distributable profits to be distributed in cash[200] Market and Industry Conditions - Future performance may be affected by various risks, including policy changes, exchange rates, and market conditions[6] - The LED lighting market is experiencing structural overcapacity and increased competition, prompting the need for industry consolidation and strategic acquisitions[30] - The company is experiencing challenges in expanding its overseas business due to uncertainties in export policies, local market demand, and foreign exchange markets[102] - Fluctuations in raw material prices, including plastics, LED lights, batteries, and circuit boards, could adversely affect the company's production costs[103] - The company faces intensified market competition in the lighting industry, which has a low entry barrier and a relatively low industry concentration[101] Research and Development - The company is focusing on LED lighting products, with a strong emphasis on product development and innovation to meet market demands[30] - The company emphasizes R&D, having mastered core technologies such as LED constant current driving and human body induction technology, enhancing its competitive edge[46] - The company has invested heavily in R&D to continuously upgrade its products, ensuring alignment with market demands[46] - The company’s R&D expenses were ¥23,172,859.22 in 2021, a decrease of 4.23% compared to ¥24,195,398.85 in 2020[69] - The number of R&D personnel decreased by 4.40% from 91 in 2020 to 87 in 2021, with the proportion of R&D staff dropping from 11.04% to 10.62%[71] - The company has a strong emphasis on research and development, particularly in semiconductor lighting technology, which is expected to drive future growth[141] Operational Strategy - The company will continue to monitor the pandemic's impact on its operations and adjust strategies accordingly[6] - The company has established a comprehensive procurement model, evaluating suppliers based on multiple criteria, including price and delivery capability[40] - The company maintains a dynamic production management system, ensuring quality control and timely delivery of products[41] - The company operates a sales model primarily through distributors, supplemented by e-commerce platforms, covering both domestic and international markets[42] - The company has integrated its production management to enhance supply chain efficiency and production capacity, allowing for both large-scale and customized production[50] - The company plans to enhance its marketing personnel training and expand sales channels for LED home lighting products[98] Risk Management - The report highlights the need for investors to recognize the risks associated with future plans and performance forecasts[5] - The company has implemented a comprehensive internal control system to enhance risk management and ensure sustainable development[179] - The internal control evaluation report indicates that 100% of the total assets of the evaluated units are included in the company's consolidated financial statements[181] - The company has not identified any significant internal control deficiencies during the reporting period[180] - The company faces significant accounts receivable risks, especially from overseas clients, which could lead to cash flow pressures[113] - The company is exposed to foreign exchange risks due to a large proportion of its revenue being denominated in USD[114] Governance and Management - The company has a complete independent business system and does not engage in unfair related transactions with its controlling shareholders[133] - The company has implemented strict information disclosure and investor relations management systems[126] - The company’s governance structure complies with relevant laws and regulations without significant discrepancies[127] - The company’s senior management does not hold positions in the controlling shareholders' enterprises, ensuring personnel independence[130] - The company has a robust internal management structure that operates independently from its controlling shareholders[132] - The company has undergone a board restructuring, with several directors and supervisors completing their terms in December 2021, including independent directors and a financial director[139] Employee and Labor Relations - The total number of employees at the end of the reporting period was 685, with 297 in the parent company and 388 in major subsidiaries[162] - The company had a total of 819 employees receiving salaries during the reporting period[162] - The company conducts training programs to enhance employees' professional skills and moral qualities[164] - The company has a total of 385 production personnel, 98 sales personnel, 125 technical personnel, 25 financial personnel, and 52 administrative personnel[162] Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units as per environmental protection department regulations[186] - The company has not faced any administrative penalties related to environmental issues during the reporting period[186] - The company emphasizes social responsibility by ensuring shareholder rights and maintaining integrity with suppliers and customers[187] - No poverty alleviation or rural revitalization initiatives were undertaken by the company during the reporting year[188]

Financial Performance - The company's revenue for the third quarter was ¥157,948,037.29, a decrease of 18.52% compared to the same period last year[3] - The net profit attributable to shareholders was ¥1,098,996.80, down 85.03% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥773,196.47, a decline of 88.40%[3] - The net profit for the first nine months of 2021 was ¥19,351,827.92, a decrease of 32.19% compared to the same period last year[3] - The net profit for the third quarter of 2021 was CNY 19,253,876.66, a decrease from CNY 28,546,571.21 in the same period last year, representing a decline of approximately 32.5%[21] - The total operating profit for the quarter was CNY 18,486,972.29, down from CNY 32,044,997.44 year-over-year, indicating a decrease of about 42.4%[21] - The company reported a total profit of CNY 18,450,215.18 for the quarter, down from CNY 34,571,688.42 year-over-year, indicating a decline of about 46.5%[21] - The total comprehensive income attributable to the parent company was CNY 19,364,127.58, compared to CNY 28,537,886.91 in the previous year, reflecting a decrease of approximately 32.1%[22] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥32,272,561.75, representing a significant decrease of 899.38% compared to the previous year[3] - The company's cash flow from operating activities showed a net outflow of CNY -32,272,561.75, compared to a net inflow of CNY 4,037,187.46 in the previous year[25] - The cash flow from investing activities resulted in a net outflow of CNY -56,966,835.07, an improvement from a net outflow of CNY -296,090,896.15 in the same period last year[26] - The cash flow from financing activities generated a net inflow of CNY 6,401,072.29, contrasting with a net outflow of CNY -83,680,098.18 in the previous year[26] - The company reported a significant decrease in cash and cash equivalents, down 62.64% to ¥49,694,679.76, primarily due to repayments of bank loans and expenditures related to construction projects[7] - The company's cash and cash equivalents decreased to CNY 49,694,679.76 from CNY 133,018,848.80, representing a decline of 62.66%[16] - The cash and cash equivalents at the end of the period stood at CNY 49,694,679.76, a decrease from CNY 50,890,250.28 at the end of the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,399,252,126.00, reflecting a slight increase of 0.65% from the end of the previous year[3] - Total assets amounted to CNY 1,399,252,126.00, slightly up from CNY 1,390,240,672.49, reflecting a growth of 0.80%[18] - Total liabilities decreased to CNY 304,229,567.67 from CNY 310,656,118.11, a reduction of 2.00%[18] Earnings and Expenses - The company's basic earnings per share were ¥0.01, down 80.00% year-on-year, and diluted earnings per share were also ¥0.01, a decrease of 80.00%[3] - Basic and diluted earnings per share for the quarter were both CNY 0.12, down from CNY 0.18 in the same quarter last year[22] - The weighted average return on equity was 0.10%, down 0.59% from the previous year[3] - The company experienced a 39.14% reduction in financial expenses, totaling ¥6,769,708.57, mainly due to decreased foreign exchange losses[7] - The company reported a 94.22% decline in non-operating income, totaling ¥189,369.88, primarily due to reduced government subsidies received[8] - Total operating costs increased to CNY 471,172,273.93, up from CNY 468,001,028.59, reflecting a rise in operating costs by 0.25%[20] Inventory and Receivables - Accounts receivable increased to CNY 328,767,833.78, up from CNY 266,058,347.04, indicating a growth of 23.55%[16] - Inventory levels rose to CNY 198,601,570.42 from CNY 188,859,348.65, marking an increase of 5.83%[16] Research and Development - Research and development expenses were CNY 17,729,598.98, compared to CNY 17,033,372.36 in the previous year, showing an increase of 4.09%[20] Capital Reserves - The company maintained a stable capital reserve of CNY 550,321,501.51, unchanged from the previous period[18]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥333,097,695.05, representing an increase of 8.38% compared to ¥307,337,874.86 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 13.88% to ¥18,252,831.12 from ¥21,194,177.08 in the previous year[20]. - Basic earnings per share decreased by 15.38% to ¥0.11 from ¥0.13 in the previous year[20]. - The company reported a total share count of 160,000,000 shares, with 69.00% being restricted shares and 31.00% being unrestricted shares[138]. - The company reported a total revenue from sales of goods and services of ¥314,184,986.16, compared to ¥289,760,561.83 in the first half of 2020, marking an increase of 8.4%[175]. - The total profit for the first half of 2021 was ¥22,177,134.63, a decrease of 5.3% compared to ¥23,421,472.99 in the same period last year[168]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥21,792,450.07, a significant decline of 5,738.43% compared to ¥386,498.23 in the same period last year[20]. - The company reported a financial expense of CNY 5,178,981.49, significantly higher than CNY 1,001,254.79 in the first half of 2020[163]. - Cash and cash equivalents decreased by 3.93% to CNY 79,040,424.4, mainly due to investments in financial products[70]. - The company’s cash flow from operating activities showed a strong recovery, indicating improved operational efficiency and financial health[175]. - The company reported a cash balance of CNY 79,040,424.43, down from CNY 133,018,848.80 at the end of 2020, indicating a decrease of approximately 40.5%[154]. Research and Development - Research and development expenses rose by 8.93% to ¥11,990,470.79, reflecting the company's commitment to innovation[62]. - The company has established a comprehensive R&D management system to ensure timely market introduction of new products[39]. - The company is actively involved in R&D to innovate and improve its product offerings, ensuring competitiveness in a rapidly evolving market[44]. Market and Product Development - The LED lighting industry has maintained a compound annual growth rate of over 30% due to rapid market demand and strong government support, providing a solid market foundation for the company's products[40]. - The company has developed a product series focused on LED mobile and home lighting, including emergency lights, flashlights, camping lights, desk lamps, and bulb lights[28]. - The company emphasizes user experience and innovation in product development, integrating smart control and energy-saving technologies[38]. - The company is focusing on smart lighting solutions, integrating IoT technology to enhance user experience and operational efficiency[44]. Competition and Market Strategy - The company faces significant market competition in the LED industry, with a focus on enhancing R&D and product quality to maintain competitiveness[92]. - The company is expanding its overseas market presence while being cautious of potential political and economic uncertainties[93]. - The company has established a comprehensive distribution network both domestically and internationally, leveraging various sales models to maximize revenue[42]. Shareholder and Governance - The largest shareholder, Zhuo Chuguang, holds 42.88% of the shares, totaling 68,604,000 shares[140]. - The company has maintained a stable shareholder structure with no new significant shareholders added during the reporting period[140]. - The company did not conduct any investor communications or research activities during the reporting period[98]. Regulatory and Compliance - The financial report for the first half of 2021 was not audited[152]. - The financial report was approved by the board of directors on August 26, 2021, ensuring compliance with regulatory requirements[199]. - The company has not reported any significant events that would affect its ability to continue as a going concern[200].

Financial Performance - Revenue for Q1 2021 was CNY 157,883,192.37, an increase of 2.84% compared to CNY 153,525,074.94 in the same period last year[8] - Net profit attributable to shareholders was CNY 12,910,010.46, a decrease of 3.05% from CNY 13,316,178.46 year-on-year[8] - Net profit excluding non-recurring gains and losses increased by 7.91% to CNY 12,105,054.62 from CNY 11,217,335.11 in the previous year[8] - The company achieved operating revenue of 157.88 million yuan, an increase of 2.84% compared to the same period last year[22] - The net profit attributable to shareholders was 12.91 million yuan, a decrease of 3.05% year-on-year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 12.11 million yuan, an increase of 7.91% year-on-year[22] - The total profit for the period was CNY 14,630,736.45, compared to CNY 17,814,861.11 in the previous year, indicating a decline of 17.3%[48] - The operating profit for the period was CNY 14,504,170.40, down from CNY 15,298,362.30 in the previous year, representing a decline of 5.2%[48] Cash Flow - Operating cash flow improved significantly, with a net cash flow of CNY -17,756,067.48, a 68.70% increase from CNY -56,726,817.85 in the same period last year[8] - The net cash flow from operating activities improved significantly, with a net outflow of 17.76 million yuan, a 68.70% reduction compared to the previous year's outflow of 56.73 million yuan[21] - The company recorded a total comprehensive income of CNY 13,154,966.28, compared to CNY 13,313,255.24 in the previous year, a decrease of 1.2%[49] - Operating cash flow for the first quarter was CNY 16,065,320.66, a significant improvement compared to a net outflow of CNY 48,530,778.00 in the same period last year[59] - The company experienced a net decrease in cash and cash equivalents of CNY 65,819,423.04, compared to a decrease of CNY 187,202,838.42 in the same quarter last year[60] Assets and Liabilities - Total assets decreased by 2.90% to CNY 1,349,872,259.82 from CNY 1,390,240,672.49 at the end of the previous year[8] - Cash and cash equivalents decreased by 48.07% to CNY 69,079,091.64 due to repayment of bank loans and expenditures on construction projects[17] - Accounts receivable increased to CNY 285,474,876.07 from CNY 266,058,347.04, reflecting an increase of about 7.3%[38] - Inventory rose to CNY 200,340,519.26, up from CNY 188,859,348.65, indicating an increase of approximately 6.9%[38] - The company's short-term borrowings decreased to CNY 64,775,363.52 from CNY 90,630,896.50, a reduction of about 28.5%[39] - Total current liabilities decreased to CNY 153,091,133.78 from CNY 162,142,814.32, showing a decline of approximately 5.6%[39] Expenses - Sales expenses decreased by 48.13% to CNY 5,132,793.70, primarily due to reclassification of contract performance costs[19] - Financial expenses increased by 187.23% to CNY 789,699.70, mainly due to the impact of the US dollar exchange rate[19] - Income tax expenses decreased by 67.20% to CNY 1,475,486.10, influenced by changes in tax rates[19] - Research and development expenses for Q1 2021 were CNY 4,949,431.73, slightly up from CNY 4,835,437.14 in Q1 2020, indicating a focus on innovation[47] Strategic Initiatives - The company plans to strengthen R&D and technological innovation to enhance product performance and reliability[24] - The company is actively expanding its domestic marketing network and exploring emerging markets in the Asia-Pacific region[24] - The company has established a stable channel network in major overseas markets, but faces risks from political and economic fluctuations[24] - The company is monitoring raw material price fluctuations and has strategies in place to mitigate their impact on profitability[25] Other Information - The company has no reported violations regarding external guarantees during the reporting period[32] - There were no significant changes in the feasibility of projects or expected returns during the reporting period[32] - The company did not engage in any research, communication, or interview activities during the reporting period[34] - The company has not undergone an audit for the first quarter report[61]

Financial Performance - The company achieved operating revenue of RMB 705.548 million, a year-on-year decrease of 19.79%[5] - The net profit attributable to shareholders was RMB 38.3393 million, down 51.55% year-on-year[5] - The decline in performance was primarily due to the impact of the COVID-19 pandemic, which delayed the resumption of work and affected logistics and sales[5] - The company experienced a narrowing decline in revenue in Q3 and Q4 of 2020, indicating a recovery trend[5] - Future expectations suggest that the pandemic's impact on sustained profitability will not be significant, especially with the rollout of vaccines[5] - The company reported increased foreign exchange losses compared to the previous year due to significant foreign sales primarily denominated in USD[5] - The company's operating revenue for 2020 was ¥705,548,042.18, a decrease of 19.79% compared to ¥879,602,396.23 in 2019[18] - The net profit attributable to shareholders for 2020 was ¥38,339,271.58, down 51.55% from ¥79,136,116.45 in 2019[18] - The net profit after deducting non-recurring gains and losses was ¥31,176,255.84, a decline of 59.38% from ¥76,743,545.42 in 2019[18] - The net cash flow from operating activities increased significantly by 300.98% to ¥106,869,750.05 from ¥26,652,189.29 in 2019[18] - The total assets at the end of 2020 were ¥1,390,240,672.49, a decrease of 4.82% from ¥1,460,582,541.11 at the end of 2019[18] - The net assets attributable to shareholders increased by 2.62% to ¥1,076,929,672.52 from ¥1,049,466,042.40 at the end of 2019[18] - The company reported a basic earnings per share of ¥0.24, down 62.50% from ¥0.64 in 2019[18] Product Development and Market Strategy - The company focuses on LED lighting products, including emergency lights, flashlights, camping lights, and table lamps, emphasizing user experience and technological innovation[27] - The company aims to integrate smart control and energy-saving technologies into its product development to meet market demands[27] - The company has established a product series centered on LED mobile and home lighting, with a commitment to continuous innovation and market expansion[27] - The LED lighting industry has maintained a compound annual growth rate (CAGR) of over 30% due to rapid market demand and strong government support[40] - The company has established core technologies such as LED constant current driving technology and human body induction technology, enhancing its competitive edge in the market[41] - The company’s products are sold in over 40 countries, covering regions such as West Asia, South Asia, Southeast Asia, and Africa, benefiting from global industry growth[40] - The company emphasizes a sales model primarily based on distributors, supplemented by trade merchants and e-commerce platforms, to achieve rapid market coverage[37] - The company has a comprehensive R&D management system to ensure timely product development and market responsiveness, focusing on user experience and innovative design[38] - The company has invested heavily in R&D to maintain its technological leadership and continuously upgrade its product offerings[41] - The domestic LED lighting market is expected to see the penetration rate increase from 11% in 2013 to 35% by 2020, driven by price reductions and improved consumer awareness[44] Financial Investments and Assets - The company's long-term equity investment increased by 100% to 16,360,251.85 RMB, primarily due to investments in Guangzhou Changsheng Jiuliang High-end Manufacturing Industry Investment Partnership[52] - Fixed assets grew by 45.67% to 408,410,257.29 RMB, mainly due to the completion of parts of the Zhaoqing lighting production base and automation warehousing and logistics projects[52] - Cash and cash equivalents decreased by 69.01% to 133,018,848.80 RMB, primarily due to investments in the Zhaoqing factory fundraising project and purchasing financial products[52] - Other current assets increased by 231.82% to 73,829,930.51 RMB, as the company utilized idle funds to purchase low-risk financial products[53] - The company reported a stable core technical team, essential for maintaining competitive advantage in the LED lighting industry[128] Dividend Policy and Shareholder Returns - The board approved a profit distribution plan, proposing a cash dividend of RMB 0.3 per 10 shares[8] - The total distributable profit for the year 2020 is reported at 327,369,340.06 yuan, with cash dividends constituting 100% of the profit distribution[147][148] - The company has a policy that mandates a minimum cash dividend ratio of 20% for growth-stage companies with significant capital expenditure plans[144][148] - In 2019, the company distributed cash dividends of 0.68 yuan per 10 shares, totaling 10,880,000 yuan, which was 13.75% of the net profit attributable to ordinary shareholders[149][152] - The company did not implement any cash dividends in 2018 despite having positive distributable profits[150][152] - The cash dividend distribution plan for 2020 was approved in a board meeting held on April 27, 2021[148] - The company has established clear conditions for cash and stock dividend distributions, ensuring compliance with its articles of association[147] - The cash dividend policy allows for adjustments based on the company's operational needs and financial conditions[145][147] - The company has consistently maintained transparency in its dividend distribution process, allowing minority shareholders to express their opinions[147] - The company’s cash dividend distribution aligns with its financial performance and strategic planning, reflecting a commitment to shareholder returns[147][148] Risks and Challenges - The company faces risks from intensified market competition and potential fluctuations in overseas market conditions[117] - The company is exposed to risks from fluctuations in raw material prices, particularly plastics influenced by oil prices[120] - The company is subject to risks from potential changes in national industrial policies that could negatively impact its development[124] Corporate Governance and Compliance - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for 36 months from the listing date[154] - Shareholders are restricted from transferring more than 25% of their total shares held annually during their tenure as directors or senior management[155] - The lock-up period for shares will automatically extend for at least six months if the stock price falls below the issue price for 20 consecutive trading days post-IPO[155] - The company will ensure that the profit distribution policy is adjusted based on significant changes in external operating conditions or internal production situations[157] - The actual controllers of the company have pledged to fulfill the commitments disclosed in the prospectus, with potential compensation liabilities for any breaches[159] - The company has established measures to prevent conflicts of interest and ensure that its executives do not engage in competitive activities that could affect its operations[159] - The company emphasizes the importance of adhering to its commitments to protect shareholder interests and maintain regulatory compliance[158]

广东久量股份有限公司 2020 年第三季度报告全文 广东久量股份有限公司 2020 年第三季度报告 2020 年 10 月 1 广东久量股份有限公司 2020 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。 公司负责人卓楚光、主管会计工作负责人敬芙蓉及会计机构负责人(会计主 管人员)敬芙蓉声明：保证季度报告中财务报表的真实、准确、完整。 2 广东久量股份有限公司 2020 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 □ 是 √ 否 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减 | | | 总资产（元） | 1,373,917,028.57 | 1,460,582,541.11 | | -5.93% | | 归属于上市公司股东的净资产 （元） | 1, ...