Financial Performance - The company's revenue for Q3 2022 was ¥174,033,891.35, a decrease of 13.27% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥29,572,041.39, an increase of 2.75% year-on-year[5] - The basic earnings per share for Q3 2022 was ¥0.1954, down 32.63% from the previous year[5] - Total operating revenue for the period reached ¥599,830,049.08, an increase from ¥587,035,668.20 in the previous period, reflecting a growth of approximately 3%[22] - The net profit for Q3 2022 was CNY 97,384,922.44, a decrease of 6.7% compared to CNY 103,777,849.87 in Q3 2021[24] - The company reported a total comprehensive income of CNY 92,489,872.04, down from CNY 102,651,930.36 in the previous year[25] - Basic and diluted earnings per share were both CNY 0.64, compared to CNY 1.03 in Q3 2021[25] Assets and Liabilities - Total assets as of September 30, 2022, reached ¥1,701,999,711.37, reflecting a 5.78% increase from the end of the previous year[5] - The company's total assets as of September 30, 2022, were ¥1,701,999,711.37, up from ¥1,609,016,884.71 at the beginning of the year, marking an increase of about 5.8%[20] - The total liabilities increased to ¥347,578,168.00 from ¥329,790,256.31, indicating a rise of approximately 5.3%[20] - The company’s total equity rose to ¥1,354,421,543.37 from ¥1,279,226,628.40, reflecting an increase of about 5.9%[21] Cash Flow - The company reported a significant increase in cash flow from operating activities, amounting to ¥124,868,743.76, a staggering increase of 4,712.34%[5] - The total revenue from operating activities was CNY 691,845,279.43, an increase of 31.5% from CNY 525,791,026.43 in the same period last year[25] - The net cash flow from operating activities was CNY 124,868,743.76, significantly up from CNY 2,594,761.59 in Q3 2021[26] - Cash and cash equivalents decreased slightly to ¥353,203,829.52 from ¥358,912,346.61, a decline of approximately 1.9%[19] - The cash and cash equivalents at the end of the period were CNY 312,357,866.97, down from CNY 339,213,642.82 at the end of Q3 2021[26] - The company incurred a total investment cash outflow of CNY 577,153,329.46, compared to CNY 503,613,680.75 in the previous year[26] - The net cash flow from investing activities was negative CNY 173,801,135.43, an improvement from negative CNY 299,046,753.01 in Q3 2021[26] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,407[12] - The largest shareholder, Li Ming, holds 36.43% of shares, totaling 55,140,686 shares, with 4,635,000 shares pledged[12] - The second largest shareholder, Shenzhen Zhonghe Tong Investment Consulting Enterprise, holds 19.49% of shares, totaling 29,499,130 shares[12] Investments and Acquisitions - The company is in the process of acquiring 100% equity of Dongguan Xinweixing Electronics Co., Ltd. through a share issuance and cash payment[14] - As of July 22, 2022, the Shenzhen Stock Exchange accepted the company's application for the issuance of shares to purchase assets and raise supporting funds[14] - On August 30, 2022, the company’s board approved the revised proposal for the asset acquisition and fundraising[15] - The company completed the update of financial information required for the asset acquisition application by August 30, 2022[15] - The Shenzhen Stock Exchange agreed to resume the review of the major asset restructuring on August 31, 2022[16] - The company received the first round of inquiry letter from the Shenzhen Stock Exchange regarding the asset acquisition application on September 7, 2022[16] Expenses - The company’s management expenses rose by 54.01% to ¥70,677,612.78, primarily due to share-based payment expenses[9] - Research and development expenses were ¥36,650,132.18, compared to ¥29,012,535.12 in the previous period, representing a significant increase of approximately 26.5%[22] Financing Activities - The company experienced a 225.21% increase in receivables financing, totaling ¥4,253,851.47, due to an increase in bank acceptance bills[9] - The company’s short-term borrowings surged by 964.48% to ¥51,661,840.16, indicating increased financing activities[9] Asset Disposal - The company reported a decrease in asset disposal income of 747.53%, amounting to -¥2,363,300.44, due to asset disposals during the period[9] Foreign Exchange - The company experienced a foreign exchange gain of CNY 17,484,646.34 during the quarter[26] Mergers and Acquisitions - The company did not conduct any mergers or acquisitions during this reporting period[27]

Financial Performance - The company's revenue for the first half of 2022 was CNY 425,796,157.73, representing a 10.20% increase compared to CNY 386,368,067.14 in the same period last year [22]. - Net profit attributable to shareholders decreased by 10.00% to CNY 67,498,415.29 from CNY 74,996,001.44 year-on-year [22]. - Basic and diluted earnings per share both decreased by 10.00% to CNY 0.45 from CNY 0.50 in the same period last year [22]. - The company's total profit for the first half of 2022 was CNY 76,585,864.08, compared to CNY 81,867,682.07 in the same period last year, reflecting a decline of 6.5% [1]. - The total operating revenue for the first half of 2022 reached CNY 425,796,157.73, an increase of 10.2% compared to CNY 386,368,067.14 in the first half of 2021 [147]. - The total revenue for the first half of 2022 was 1,233 million RMB, showing a significant increase compared to the previous year [164]. - The net profit attributable to shareholders for the first half of 2022 was 742.8 million RMB, reflecting a growth of 30% year-over-year [165]. - The total comprehensive income for the first half of 2022 was 1,000,742,391.39, a decrease of 6.6% compared to the previous year [160]. Cash Flow and Financial Management - The net cash flow from operating activities significantly improved to CNY 94,026,831.57, a 586.31% increase from a negative cash flow of CNY -19,334,841.86 in the previous year [22]. - The company's cash and cash equivalents decreased by 77.27% to CNY -73.58 million, compared to a decrease of CNY -323.80 million in the previous year, indicating improved cash flow management [50]. - The net cash flow from operating activities for the first half of 2022 was ¥94,026,831.57, a significant improvement compared to a net outflow of ¥19,334,841.86 in the same period of 2021, representing a turnaround of over 586% [154]. - The cash outflow from financing activities was ¥53,329,513.66 in the first half of 2022, compared to ¥46,578,238.84 in the same period of 2021, indicating an increase of approximately 14.9% [158]. Investment and R&D - The company continues to invest in new technologies and product development to enhance its market position in the backlight module sector [29]. - Research and development expenses increased by 45.59% to CNY 26.53 million, up from CNY 18.23 million, reflecting the company's commitment to innovation [50]. - The company has made significant investments in LED chip and packaging testing capabilities, preparing for future technological advancements in semiconductor packaging [47]. - The company is investing in a research and development center to support sustainable growth and enhance its technological capabilities, addressing the increasing demands for innovation in the consumer electronics sector [69]. Market Position and Strategy - The company is focused on the backlight module industry, which includes components such as light guide films and backlight modules for various applications [29]. - The company is a leading player in the light guide structure components sector in mainland China, with major clients including Lenovo, HP, Dell, and Asus, all of which have high requirements for product design and quality [31]. - The company plans to acquire 100% of Dongguan Xinweixing Electronics Co., Ltd. to expand its product line in the precision connector market, benefiting from the growing demand in downstream industries such as new energy vehicles and consumer electronics [36]. - The company is actively expanding its MiniLED backlight products, particularly in the automotive sector, as the market for new energy vehicles is expected to grow significantly [32]. Governance and Shareholder Relations - The company has established a governance structure in compliance with relevant laws and regulations, enhancing decision-making fairness and ensuring sustainable operations [83]. - The company has implemented an investor relations management system to improve communication and recognition among investors [84]. - The company held its first temporary shareholders' meeting on March 14, 2022, with a participation rate of 59.98%, where three proposals were approved, including a revised stock incentive plan [73]. - The annual shareholders' meeting on May 19, 2022, had a participation rate of 60.95%, where 14 proposals were approved, including the board's work report for 2021 [73]. Risks and Challenges - The company currently does not face significant risks that could impact its normal operations [4]. - The company faces exchange rate risks due to its export business primarily being settled in USD, and it plans to use financial instruments to hedge against potential adverse fluctuations in the RMB exchange rate [69]. - The company has faced risks related to market fluctuations in the consumer electronics sector, which could adversely impact its operational performance if not managed effectively [68]. Share Capital and Equity - The company implemented a capital increase, raising total shares from 100,906,663 to 151,359,994, resulting in a corresponding increase in registered capital from CNY 100,906,663 to CNY 151,359,994 [21]. - The total share capital increased from 100,906,663 shares to 151,359,994 shares due to a capital reserve conversion, with a distribution of 5 RMB per 10 shares to shareholders [119]. - Basic earnings per share decreased from 0.67 RMB to 0.45 RMB after the share capital increase, while diluted earnings per share also adjusted accordingly [120]. Operational Efficiency - The company has established a stable and efficient business model, utilizing a production model based on sales and a procurement model based on production [37]. - The company has optimized its product structure in response to market risks, focusing on enhancing its core products such as light guide components and precision key switches while expanding assembly and OEM services to improve profitability [68]. - The company is enhancing its automated production lines to improve efficiency and reduce production costs [43]. Financial Reporting and Compliance - The half-year financial report has not been audited [89]. - The company has not experienced any bankruptcy reorganization matters during the reporting period [90]. - There were no significant asset or equity sales during the reporting period [66][67].

Financial Performance - The company's operating revenue for Q1 2022 was ¥195,488,563.80, representing a 20.87% increase compared to ¥161,735,222.99 in the same period last year[4] - The net profit attributable to shareholders was ¥24,798,986.29, a slight increase of 1.22% from ¥24,501,060.49 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥22,743,897.64, up 13.80% from ¥19,985,836.12 in the previous year[4] - Operating profit for the current period was ¥27,148,721.32, a slight increase from ¥24,375,040.36 in the previous period[20] - Net profit for the current period was ¥24,798,986.29, compared to ¥24,501,060.49 in the prior period, reflecting a growth of 1.2%[20] - The company reported a total comprehensive income of ¥24,857,042.45, compared to ¥24,203,780.55 in the previous period, showing a growth of 2.7%[21] Cash Flow - The net cash flow from operating activities was ¥22,768,257.63, a significant increase of 202.61% compared to a negative cash flow of -¥22,188,711.79 in the same period last year[4] - The net cash flow from operating activities was ¥22,768,257.63, a significant improvement from a negative cash flow of ¥22,188,711.79 in the previous period[24] - The company experienced a net cash outflow from investing activities of ¥154,858,089.48, an improvement from a larger outflow of ¥305,634,283.71 in the prior period[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,603,206,918.04, a decrease of 0.36% from ¥1,609,016,884.71 at the end of the previous year[4] - The company's current assets decreased from CNY 955,067,494.70 at the beginning of the year to CNY 893,254,897.39, reflecting a decline of approximately 6.5%[15] - The total liabilities decreased from CNY 329,790,256.31 to CNY 296,898,609.49, indicating a reduction of about 10%[17] - The cash and cash equivalents decreased significantly from CNY 358,912,346.61 to CNY 225,922,088.39, a decline of approximately 37%[15] - The company's total equity increased from CNY 1,279,226,628.40 to CNY 1,306,308,308.55, representing an increase of approximately 2.1%[17] - The non-current liabilities increased slightly from CNY 47,224,783.76 to CNY 50,188,749.56, an increase of approximately 6.2%[17] Shareholder Information - The company had a total of 11,789 common shareholders at the end of the reporting period[10] - The basic earnings per share for the period was ¥0.2458, reflecting a 2.42% increase from ¥0.2400 in the same period last year[4] - Basic and diluted earnings per share increased to ¥0.2458 from ¥0.2400 in the previous period[21] Research and Development - Research and development expenses were ¥8,981,940.21, slightly up from ¥8,571,612.65 in the prior period, indicating continued investment in innovation[20] Government Subsidies - The company received government subsidies amounting to ¥342,166.66, which is a decrease of 48.58% compared to the previous year[6] Stock Information - The company granted 3,854,200 restricted stocks to 125 incentive targets at a price of CNY 20.00 per share on March 14, 2022[12]

Financial Performance - The company's operating revenue for 2021 was ¥827,204,571.36, representing a 35.90% increase compared to ¥608,699,349.21 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥149,026,182.48, a 57.48% increase from ¥94,628,855.58 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥138,535,058.20, up 50.72% from ¥91,915,693.06 in 2020[19]. - The basic earnings per share for 2021 was ¥1.48, an increase of 21.31% compared to ¥1.22 in 2020[19]. - The total assets at the end of 2021 were ¥1,609,016,884.71, reflecting a 13.00% increase from ¥1,423,936,390.84 at the end of 2020[19]. - The net assets attributable to shareholders at the end of 2021 were ¥1,279,226,628.40, a 13.20% increase from ¥1,130,055,458.20 in 2020[19]. - The net cash flow from operating activities for 2021 was ¥46,447,318.28, a decrease of 56.40% from ¥106,522,454.24 in 2020[19]. - The company reported a quarterly revenue of ¥240,168,903.16 in Q4 2021, with a net profit of ¥45,248,332.61 for the same quarter[21]. - The company achieved a revenue of RMB 827 million, representing a year-on-year growth of 35.90%, and a net profit attributable to shareholders of RMB 149 million, up 57.48% year-on-year[41]. - Total operating revenue reached 827.20 million yuan, representing a year-on-year growth of 35.90%[52]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 5.00 CNY per 10 shares to all shareholders, based on a total of 100,906,663 shares[5]. - The company has a profit distribution plan that includes a capital reserve conversion of 5 shares for every 10 shares held[5]. - The company reported a cash dividend of 50,453,331.50 CNY (including tax), which represents 100% of the total profit distribution[140]. - The total distributable profit for the year was 349,442,052.56 CNY[140]. Market Position and Growth - The global laptop market saw a 19.4% year-on-year increase in shipments in 2021, indicating strong demand for laptop backlight modules[30]. - The company is a leading player in the backlight module market, with a growing market share in the laptop keyboard backlight segment[30]. - The company is focusing on the development of Mini LED backlight products for automotive applications, capitalizing on the growing market for new energy vehicles[31]. - The company aims to expand its market share in backlight modules for input devices and seeks new profit growth points in lighting and display equipment[43]. - The company has expanded its market focus on ultra-small waterproof switches, gaining recognition from major clients such as Xiaomi and Huawei[44]. - The company plans to focus on developing mini LED backlight applications in automotive, TV, laptops, tablets, esports, and VR fields, aiming to expand its market share[89]. - The company is planning to enter the European market in 2022, with an initial investment of 50 million RMB[114]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[114]. Research and Development - Research and development expenses increased by 60.02% to ¥41,018,134.03 in 2021, compared to ¥25,632,420.66 in 2020[62]. - The number of R&D personnel increased by 12.35% to 182, with a notable rise in the under-30 age group by 33.33%[67]. - The company applied for 38 new patents and obtained 34 authorized patents during the reporting period, bringing the total number of valid patents to 127[46]. - The company has established a professional technical development team for the research and validation of new technologies and products in the backlight industry[31]. - The company has accumulated long-term technical expertise and a mature talent team in the mini LED backlight product field, which is expected to drive future growth[89]. - The company plans to increase R&D investment to create cost-effective products and solutions that meet customer needs, thereby enhancing core competitiveness[92]. Operational Efficiency and Management - The company has established a stable and efficient business model, utilizing a production model based on sales orders and a procurement model based on production needs[37]. - The company focuses on technological innovation and has improved its production efficiency through the development of automated production lines[43]. - The company maintains a zero-inventory management approach for special materials while keeping a certain level of inventory for commonly used raw materials[38]. - The company has developed a new generation of automated production lines to significantly reduce labor costs and improve yield rates[89]. - The company aims to improve operational efficiency, targeting a 10% reduction in costs through process optimization[174]. Governance and Compliance - The company has established a transparent performance evaluation and incentive mechanism for senior management, enhancing governance quality[103]. - The company conducted 6 board meetings and 6 supervisory meetings during the reporting period, demonstrating active governance[102][103]. - The company has implemented a strict information disclosure management system to ensure the accuracy and timeliness of disclosed information[103]. - The company reported no significant discrepancies between its governance practices and regulatory requirements[104]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, and operations, ensuring no conflicts of interest[105]. - The company has established a remuneration and performance assessment system for its directors and senior management, which is discussed and decided by the remuneration committee[123]. - The company has committed to maintaining a robust corporate governance structure in compliance with relevant laws and regulations[157]. Environmental Responsibility - The company has not faced any administrative penalties related to environmental issues during the reporting period[150]. - The company has implemented measures to ensure compliance with environmental protection laws and regulations[150]. - The company operates an organic waste gas treatment facility with a processing capacity of 26,884 standard cubic meters per hour, which has been in good operating condition since October 2018[153]. - The company has made donations totaling 2.016 million RMB, including 540,000 medical masks, to support pandemic prevention efforts[158]. - The company has taken measures to manage waste gases, wastewater, solid waste, and noise generated during production, ensuring minimal impact on the surrounding environment[154]. Future Outlook and Strategic Initiatives - The company provided a revenue guidance for 2022, expecting a growth rate of 20% to 1.44 billion RMB[114]. - The company plans to initiate stock repurchase measures if the weighted average price falls below the audited net asset value per share for the previous fiscal year[164]. - The company has committed to measures to offset the dilution of immediate returns post-IPO, including voting in favor of relevant board resolutions[170]. - The company plans to link the execution of its compensation system to the performance of return compensation measures[171]. - The company has established a plan to minimize losses to investors and protect their interests in case of unforeseen circumstances[178].

Financial Performance - The company's revenue for Q3 2021 reached ¥200,667,601.06, representing a 40.80% increase year-over-year, while total revenue for the year-to-date was ¥587,035,668.20, up 46.55% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥28,781,848.43, an 18.89% increase year-over-year, with a year-to-date net profit of ¥103,777,849.87, reflecting a 47.96% increase[3]. - Total operating revenue for the current period reached ¥587,035,668.20, a significant increase of 46.6% compared to ¥400,557,003.06 in the previous period[18]. - Operating profit for the current period was ¥111,996,360.20, representing a 42.0% increase from ¥78,873,359.16 in the previous period[19]. - Net profit attributable to the parent company was ¥103,777,849.87, an increase of 47.8% compared to ¥70,138,298.97 in the previous period[20]. - Basic and diluted earnings per share were both ¥1.03, up from ¥0.93 in the previous period[20]. Research and Development - The company reported a significant increase in R&D expenses, totaling ¥29,012,535.12 for the quarter, which is a 63.54% increase compared to the previous year, indicating a focus on innovation[8]. - Research and development expenses were ¥29,012,535.12, up from ¥17,739,861.78, indicating a focus on innovation and technology development[19]. Cash Flow and Liquidity - Cash flow from operating activities showed a net cash inflow of ¥2,594,761.59, a drastic decline of 94.85% compared to the previous year, primarily due to increased material purchases and employee salary payments[8]. - Cash flow from operating activities generated a net amount of ¥2,594,761.59, a decrease from ¥50,399,462.40 in the previous period[23]. - Cash flow from investing activities resulted in a net outflow of ¥299,046,753.01, compared to a net outflow of ¥57,096,865.69 in the previous period[24]. - Cash and cash equivalents at the end of the period totaled ¥339,213,642.82, down from ¥37,774,748.13 at the end of the previous period[24]. - The company's cash and cash equivalents decreased to CNY 339,213,642.82 from CNY 683,274,283.65, representing a decline of approximately 50.3%[14][15]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,473,801,971.41, a 3.50% increase from the end of the previous year[3]. - The company's inventory increased by 53.49% to ¥143,828,281.13, attributed to a rise in orders and corresponding materials[7]. - Accounts receivable increased to CNY 267,931,310.59, up from CNY 191,100,546.11, indicating a growth of about 40.2%[14][15]. - The total current liabilities decreased to CNY 240,577,916.05 from CNY 292,884,265.87, reflecting a reduction of approximately 17.9%[15][16]. - The company's total equity increased to CNY 1,232,707,388.56 from CNY 1,130,055,458.20, marking an increase of about 9.1%[16]. - The long-term assets totaled CNY 396,543,359.94, up from CNY 319,773,175.28, indicating an increase of approximately 24%[15][16]. - The company's short-term borrowings decreased significantly to CNY 25,000,000.00 from CNY 67,960,054.64, a reduction of about 63.3%[15][16]. - The retained earnings increased to CNY 354,791,969.18 from CNY 251,014,119.31, reflecting a growth of approximately 41.2%[16]. Operating Costs and Profitability - The company's gross profit margin was impacted by a 47.62% increase in operating costs, which totaled ¥382,665,127.41 for the year-to-date[8]. - Total operating costs amounted to ¥461,424,181.48, up from ¥319,356,990.08, reflecting a 44.4% increase[18]. - The weighted average return on equity decreased to 2.36%, down 60.14% year-over-year, indicating potential challenges in profitability[3]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,145, indicating a stable shareholder base[10]. Government Subsidies - The company received government subsidies amounting to ¥199,129.99 during the quarter, contributing to its non-operating income[5]. Reporting and Standards - The third quarter report of Shenzhen Huichuangda Technology Co., Ltd. has not been audited[25]. - The company implemented new leasing standards starting in 2021, but there were no adjustments to prior comparative data[25]. - The financial statements for the first year of implementing the new leasing standards were not applicable for adjustments[25]. - The board of directors announced the third quarter report on October 28, 2021[25]. - There are no significant changes in financial reporting due to the new leasing standards[25]. - The company did not provide any performance summary or future outlook in the document[25]. - No new products or technologies were mentioned in the report[25]. - There were no market expansion or acquisition strategies discussed[25]. - The report does not include any user data or performance guidance[25]. - The company has not disclosed any new strategies in the document[25].

Corporate Governance and Management - The board of directors and management guarantee the accuracy and completeness of the financial report[4]. - All directors attended the board meeting to review the report[5]. - The report outlines the governance structure, including the roles of the board of directors and supervisory board[8]. - The company emphasizes investor relations management by adhering to regulations and establishing a management system to enhance investor awareness[91]. - The company has made efforts to improve its corporate governance structure by revising various internal regulations and enhancing the internal control system[89]. - The company has not reported any significant litigation or arbitration matters during the reporting period[100]. - The half-year financial report was not audited, indicating a lack of external validation for the financial data presented[97]. - The company has no major related party transactions or guarantees during the reporting period[101][112]. Financial Performance - The company's revenue for the first half of 2021 reached ¥386,368,067.14, representing a 49.73% increase compared to ¥258,037,335.05 in the same period last year[23]. - Net profit attributable to shareholders was ¥74,996,001.44, up 63.29% from ¥45,929,209.84 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥69,152,004.83, reflecting a 55.72% increase from ¥44,406,518.75 in the previous year[23]. - The company's total assets at the end of the reporting period were ¥1,454,757,747.70, a 2.16% increase from ¥1,423,936,390.84 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 6.64% to ¥1,205,122,784.85 from ¥1,130,055,458.20 at the end of the previous year[23]. - The basic earnings per share rose to ¥0.74, a 21.31% increase from ¥0.61 in the same period last year[23]. - The company reported a negative net cash flow from operating activities of ¥19,334,841.86, a decline of 144.06% compared to a positive cash flow of ¥43,883,868.45 in the previous year[23]. - The company reported a significant increase in financial income, with financial expenses decreasing by 303.14% to -¥2,397,893.60, due to increased interest income from higher cash reserves[51]. - The total profit for the first half of 2021 was ¥81,867,682.07, an increase of 63.1% compared to ¥50,217,949.52 in the same period of 2020[150]. Operational Highlights - The company continues to focus on the research, design, production, and sales of light guide structure components and precision key switch components, with no significant changes in its main business and products during the reporting period[29]. - The company has introduced new products such as micro waterproof tact switches and light guide films, catering to various applications including smart speakers and smartphones[29]. - The company has established a stable procurement relationship with suppliers, ensuring production stability and effective cost control[33]. - The company has expanded its production capacity and introduced new products through its wholly-owned subsidiary, enhancing its capabilities in the smart home industry[40]. - The company has adopted a "production based on sales" model, customizing production according to client orders[34]. - The company is actively exploring new application channels for its tactile switch products, including entry into the automotive supply chain[39]. - The company has successfully expanded its application of optical microstructure guiding components and metal film switches, establishing a technological advantage in new application areas[50]. Market and Competitive Landscape - The global laptop market shipped 236 million units in 2020, a 26% year-over-year increase, and is projected to grow to 258 million units in 2021, representing a 9% growth[42]. - The global smartphone market is expected to grow to 1.34 billion units in 2021, with a growth rate of 4.4%, leading to a projected demand for 4.02 billion units of ultra-small waterproof tactile switches[45]. - The global demand for wearable devices is projected to reach 765 million units by 2024, with a compound annual growth rate of 11%[45]. - The company’s main competitors in the optical structure components market include companies from Taiwan and Japan, which currently dominate the market share[42]. - The company's products are primarily used in laptop keyboards, with an average of three switches required per smartphone, indicating a strong market demand[45]. Research and Development - The company has applied for 17 new patents and received 22 patents in the first half of 2021, bringing the total number of valid patents to 121, including 105 utility model patents and 11 invention patents[46]. - The company is focusing on developing flexible pressure sensors and tactile button technologies for applications in medical, industrial, and consumer electronics sectors[47]. - The company aims to enhance its research and development capabilities to drive future growth[170]. Financial Management and Investments - The company has implemented corrective measures to improve the management of raised funds following a misallocation incident[62]. - The company reported a total of 27,000,000 CNY in entrusted financial management, with no overdue amounts or impairment provisions[65]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[66][67]. - The company has not reported any changes in the use of raised funds during the reporting period[63]. - The company allocated ¥6,123.61 million to the construction of the production base and ¥52.50 million to the R&D center during the reporting period[59]. Environmental and Social Responsibility - The company emphasizes the protection of employee rights, with a labor union and employee representative assembly in place to address significant issues affecting employees[90]. - The company has established environmental protection measures, including a waste gas treatment facility with a capacity of 26,884 standard cubic meters per hour[85]. - The company and its subsidiaries are not classified as key pollutant discharge units and did not receive any administrative penalties for environmental issues during the reporting period[82]. - The company is committed to maximizing social responsibility while pursuing economic benefits, aiming for sustainable development[91]. Shareholder Information - The total number of shares before the recent change was 100,906,663, with a reduction of 1,301,498 shares due to the lifting of restrictions on previously issued shares[121]. - The largest shareholder, Li Ming, holds 36.43% of the shares, totaling 36,760,457 shares[126]. - The second-largest shareholder, Shenzhen Zhonghe Tong Investment Consulting Enterprise, holds 19.49% of the shares, totaling 19,666,087 shares[126]. - The total number of common shareholders at the end of the reporting period was 15,920[126]. Future Outlook - The company has plans for market expansion and new product development in the upcoming quarters[170]. - The company aims to enhance its research and development capabilities to drive future growth[170].

Financial Performance - The company's revenue for Q1 2021 was ¥161,735,222.99, representing a 103.02% increase compared to ¥79,663,650.82 in the same period last year[7] - Net profit attributable to shareholders was ¥24,501,060.49, an increase of 87.83% from ¥13,044,246.93 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥19,985,836.12, up 61.65% from ¥12,364,020.91 in the previous year[7] - The basic earnings per share increased by 41.18% to ¥0.240 from ¥0.170 in the same period last year[7] - The company achieved operating revenue of 161.74 million, a 103.02% increase compared to the same period last year[15] - The net profit attributable to the parent company was 24.50 million, reflecting an 87.83% growth year-over-year[15] - Operating profit for the current period was ¥24,375,040.36, compared to ¥13,746,852.61 in the previous period, reflecting an increase of approximately 77.5%[42] - Net profit for the current period was ¥24,501,060.49, up from ¥13,044,246.93, marking a growth of around 88.0%[42] - Comprehensive income for the current period totaled ¥24,203,780.55, compared to ¥13,015,630.10 in the previous period, reflecting an increase of around 86.0%[43] Cash Flow - The net cash flow from operating activities was negative at -¥22,188,711.79, a decline of 158.34% compared to ¥38,033,144.00 in the same period last year[7] - Cash flow from operating activities was -22.19 million, a decrease of 158% due to reduced receivables recovery and increased raw material inventory[14] - The cash flow from investment activities was -305,634,283.71, significantly higher than -19,335,039.11 in the previous period, indicating increased investment expenditures[50] - The cash flow from operating activities showed a net outflow of -19,062,242.92, contrasting with a net inflow of 20,028,002.06 in the previous period, highlighting operational challenges[53] - The company reported a cash flow from financing activities of -43,463,651.38, compared to a positive cash flow of 9,880,961.12 in the previous period, indicating a shift in financing strategy[51] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,387,093,345.56, a decrease of 2.59% from ¥1,423,936,390.84 at the end of the previous year[7] - The net assets attributable to shareholders increased by 2.14% to ¥1,154,259,238.75 from ¥1,130,055,458.20 at the end of the previous year[7] - Total liabilities decreased to CNY 232,834,106.81 from CNY 293,880,932.64, a reduction of 20.77%[34] - The company's total equity increased to CNY 1,154,259,238.75 from CNY 1,130,055,458.20, reflecting a growth of 2.14%[35] Investments and Projects - The company has invested 72,432,626.05 RMB of its own funds in fundraising projects, including 69,099,937.40 RMB for the production base and 3,332,688.65 RMB for the R&D center[24] - The construction progress of the production base project is at 28.71%, with a total investment commitment of 40,679.33 million RMB[23] - The R&D center project has a progress rate of 6.52%, with a total investment commitment of 5,110.70 million RMB[23] Risks and Challenges - The company faces risks from changes in downstream market demand, which could impact its performance[16] - There is a risk of supply shortages from key component suppliers affecting order demand[17] - The company is experiencing increased competition in the optical microstructure and backlight fields, necessitating continuous innovation[18] - The concentration of sales to the top five customers poses a risk to the company's revenue stability[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,434[10] - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[21] - There are no violations of external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[27][26]

Financial Performance - The company's operating revenue for 2020 was ¥608,699,349.21, representing a 49.59% increase compared to ¥406,902,255.81 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥94,628,855.58, an 18.95% increase from ¥79,554,398.27 in 2019[18]. - The net cash flow from operating activities reached ¥106,522,454.24, a significant increase of 1,100.12% compared to ¥8,875,987.44 in 2019[18]. - The total assets at the end of 2020 amounted to ¥1,423,936,390.84, reflecting a 161.57% increase from ¥544,370,908.95 at the end of 2019[18]. - The basic earnings per share for 2020 was ¥1.22, up 16.19% from ¥1.05 in 2019[18]. - The company achieved quarterly revenues of ¥208,142,346.15 in Q4 2020, marking a strong finish to the year[20]. - The total net assets attributable to shareholders increased by 228.36% to ¥1,130,055,458.20 at the end of 2020 from ¥344,152,065.90 at the end of 2019[18]. - The company achieved total revenue of 609 million yuan, a year-on-year increase of 49.59%[47]. - Operating profit reached 115 million yuan, up 31.33% compared to the previous year[47]. - The light guide component business saw significant growth, with sales revenue of 492 million yuan, a 51% increase[47]. Risk Management - The company has detailed potential risks in the section "Outlook for Future Development" of the report, urging investors to be cautious[4]. - The company faces risks from fluctuations in downstream market demand, which could impact its performance if not aligned with electronic product applications[89]. - There is a risk of supply shortages from key component suppliers, which could affect order demand and production schedules[89]. - The company is exposed to exchange rate risks due to its export business primarily being settled in USD, which could impact profits[92]. Governance and Compliance - All board members attended the meeting to review the report, indicating full governance participation[4]. - The financial report ensures the authenticity, accuracy, and completeness of the data presented, with the responsible parties bearing legal liability[3]. - The company has committed to adhering to relevant laws and regulations regarding profit distribution[100]. - The company will strictly adhere to all public commitments made during the IPO process, ensuring transparency and accountability[112]. Research and Development - The company emphasizes the importance of quality management and environmental standards, adhering to ISO9001 and ISO14001 certifications[9]. - The company reported a total of 40,844,952 shares held by key executives, with no changes in shareholding during the reporting period[175]. - The company applied for 19 new patents and was granted 23 patents during the reporting period, totaling 98 valid patents by the end of 2020[49]. - The company’s research and development capabilities are supported by a well-structured technical team, enhancing its competitive edge in optical microstructure design and automated manufacturing processes[41]. Shareholder Returns - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The company plans to not distribute cash dividends for the fiscal year 2020, with retained earnings carried over to the next year[97]. - The cash dividend amount for 2020 is CNY 0.00, representing 0.00% of the net profit attributable to shareholders[100]. - The company emphasizes the need for retained earnings to support future business expansion and operational stability[100]. Market and Product Strategy - The company aims to strengthen its market share in backlight modules through continuous improvement in product quality and production efficiency[34]. - The company is focusing on developing high-transmittance, lightweight, and low-energy-consuming guiding products using micro-nano hot pressing technology[85]. - The company plans to expand the application of its products to LCD display devices, LED lighting equipment, and automotive electronics[85]. - The company is actively pursuing market expansion and product innovation to enhance competitiveness and profitability[46]. Employee and Management Structure - The total number of employees is 1,312, with 404 in the parent company and 908 in major subsidiaries[192]. - The company has established a comprehensive training system to enhance management and technical staff capabilities, aiming to improve core competitiveness[194]. - The company’s management team remains stable, with no new appointments or departures reported[175]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.36 million[190]. Financial Reporting and Audit - The audit firm Daxin Certified Public Accountants has been engaged for 4 consecutive years, with an audit fee of ¥550,000 for the current period[120]. - The company did not experience any changes in the scope of consolidated financial statements compared to the previous year[119]. - The company confirmed that there were no instances of facing delisting risks following the annual report disclosure[122]. - The company reported no significant litigation or arbitration matters during the reporting period[123].