Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2022, representing a year-on-year increase of 15%[16]. - The gross profit margin for the first half of 2022 was 35%, compared to 30% in the same period last year[16]. - The company's operating revenue for the reporting period was ¥517,476,624.16, representing a 23.16% increase compared to ¥420,153,106.98 in the same period last year[23]. - Net profit attributable to shareholders was ¥75,212,154.81, up 17.27% from ¥64,133,695.62 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥70,891,790.58, reflecting a significant increase of 39.03% compared to ¥50,988,976.12 in the previous year[23]. - Basic earnings per share rose to ¥0.79, an increase of 17.91% from ¥0.67[23]. - The company reported a net profit of RMB 1.98 billion for the first half of 2022, reflecting a growth of 8.58% compared to the previous year[95]. - The total comprehensive income for the first half of 2022 was CNY 77.16 million, compared to CNY 63.87 million in the same period of 2021, reflecting a growth of 20.7%[173]. - The total comprehensive income for the period was approximately 70.24 million yuan, highlighting strong operational performance[195]. Market Expansion and Strategy - The company plans to invest RMB 20 million in R&D for new product development in smart home technology[16]. - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by the end of 2023[16]. - The company actively implemented a "big customer" strategy, expanding sales in the automotive electronics and off-grid lighting sectors[41]. - The company aims to expand its market presence in emerging markets such as Asia, Africa, and Latin America to mitigate risks associated with high export revenue[96]. - The company is focused on improving its core competitiveness and management capabilities to ensure the successful implementation of fundraising projects[98]. - The company plans to continue investing in new product development and market expansion strategies to drive future growth[199]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its operational footprint[199]. Research and Development - User data indicates a growth of 25% in active users of smart control products compared to the previous year[16]. - The company is focusing on the development of new products and technologies, integrating advanced technology into its offerings[36]. - The company has a strong R&D team with over a decade of experience in smart controller development, contributing to its competitive advantage[48]. - Research and development investment rose to CNY 19.98 million, up 21.40% from the previous year[65]. - The company plans to enhance its research and development efforts to maintain competitive advantages in technology and cost control[97]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[199]. Financial Management and Investments - The company has established a comprehensive quality management system, achieving multiple certifications including ISO9001 and IATF16949[33]. - The company has established a comprehensive supplier management system, with 2-3 qualified suppliers for major raw materials[38]. - The company has not reported any changes in the fundraising project situation during the reporting period[86]. - The company has not engaged in any entrusted loans during the reporting period[91]. - The company has not reported any major litigation or arbitration matters during the reporting period[122]. - The company has allocated 1 million yuan for general risk reserves, demonstrating a proactive approach to financial management[192]. - The company has set aside 21.51 million yuan for special reserves, indicating a proactive approach to financial management[200]. Operational Efficiency - The company adopted a flexible manufacturing model to meet diverse customer needs, characterized by "multi-variety, small batch, and multiple batches" production[39]. - The company reported a foreign exchange gain of approximately 20 million yuan due to the appreciation of the US dollar, enhancing profitability[41]. - The company reported a significant decrease in short-term borrowings, down 2.64% to CNY 60,082,666.67, which is 4.20% of total assets[70]. - The company’s cash inflow from operating activities totaled CNY 590,869,554.91, compared to CNY 479,422,107.93 in the previous year, indicating improved operational efficiency[178]. Shareholder and Governance - No cash dividends or stock bonuses will be distributed for the current fiscal year[4]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[107]. - The financial director, Huang Bin, resigned on April 25, 2022, due to personal reasons[106]. - The company has maintained a good integrity status, with no significant legal judgments or large debts due during the reporting period[124]. - The company has not reported any significant changes in shareholder structure during the reporting period[142]. Risk Management - The company faces risks related to supply chain disruptions and has outlined mitigation strategies in its report[3]. - The company faces risks from exchange rate fluctuations, as a significant portion of its export revenue is settled in USD[98]. - The company has implemented a risk response plan to monitor and evaluate changes in the risk exposure of foreign exchange derivatives, ensuring timely reporting and emergency measures[90].

Financial Performance - The company's revenue for Q1 2022 was CNY 197.68 million, a decrease of 3.25% compared to CNY 204.32 million in the same period last year[3] - Net profit attributable to shareholders was CNY 19.98 million, down 39.54% from CNY 33.04 million year-on-year[3] - Basic and diluted earnings per share decreased by 60.26% to CNY 0.31 from CNY 0.78 in the same period last year[3] - Total profit for the period was CNY 22.06 million, a decrease of 42.64% from CNY 38.46 million in the same period last year[9] - Operating profit decreased to CNY 22.25 million, down 41.3% from CNY 37.99 million in the previous year[21] - Total operating revenue for Q1 2022 was CNY 197.68 million, a decrease of 3.14% from CNY 204.32 million in the same period last year[20] - Total operating costs increased to CNY 180.23 million, up 1.92% from CNY 177.88 million year-on-year[20] Cash Flow - The net cash flow from operating activities increased by 58.23% to CNY 15.51 million, compared to CNY 9.81 million in the previous year[3] - The net cash flow from operating activities was CNY 15.51 million, an increase of 58.06% from CNY 9.81 million in the same period last year[25] - Investment activities generated a net cash flow of CNY 126.94 million, a significant improvement from a negative CNY 449.92 million in the previous year[25] - The net cash flow from financing activities was -449,999.97 CNY, indicating a cash outflow due to debt repayment[26] - The net increase in cash and cash equivalents for the quarter was 142,203,581.30 CNY, compared to a decrease of -439,591,807.88 CNY in the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1.29 billion, a slight decrease of 0.37% from CNY 1.29 billion at the end of the previous year[3] - Total liabilities amounted to CNY 309.13 million, a decrease from CNY 333.75 million year-on-year[21] - Total current liabilities decreased to ¥299,099,442.85 from ¥321,971,086.84, a decrease of 7.1%[17] - Non-current liabilities include lease liabilities of ¥7,605,657.14, down from ¥8,823,338.83, a decrease of 13.8%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,588[12] - The largest shareholder, Ouyang Zhengliang, holds 43.43% of shares, totaling 27,739,710 shares[12] Investment and Income - The company reported a significant increase in investment income, which rose by 88.44% to CNY 4.41 million, compared to CNY 2.34 million in the previous year[8] - The company experienced a 14169.12% increase in cash received from investment activities, totaling CNY 447.62 million, compared to CNY 3.14 million in the previous year[10] Inventory and Receivables - Accounts receivable decreased to ¥185,849,124.33 from ¥227,290,826.91, a decline of 18.3%[16] - Inventory increased to ¥147,979,976.14 from ¥126,169,620.52, reflecting a rise of 17.4%[16] Other Information - The company has not reported any new product developments or market expansions in this quarter[14] - There are no significant mergers or acquisitions reported during this period[14] - The first quarter report was not audited, which may affect the reliability of the financial data presented[27]

Financial Performance - The company's operating revenue for 2021 was CNY 960,030,639.80, representing a 23.97% increase compared to CNY 774,427,445.71 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 140,933,357.09, a significant increase of 57.88% from CNY 89,266,299.53 in 2020[20]. - The net profit after deducting non-recurring gains and losses was CNY 121,772,962.35, up 44.27% from CNY 84,407,704.41 in 2020[20]. - The basic earnings per share for 2021 was CNY 2.21, reflecting a 33.94% increase from CNY 1.65 in 2020[20]. - The total assets at the end of 2021 amounted to CNY 1,294,448,074.54, an 18.95% increase from CNY 1,088,258,773.39 at the end of 2020[20]. - The net assets attributable to shareholders increased by 15.29% to CNY 960,701,364.45 at the end of 2021 from CNY 833,267,558.07 at the end of 2020[20]. - The company reported a net cash flow from operating activities of CNY 129,150,350.03, a slight increase of 0.50% compared to CNY 128,510,005.64 in 2020[20]. - The company experienced a decline in the weighted average return on equity, which was 15.71% in 2021, down from 26.23% in 2020[20]. - The company achieved a revenue of 960 million yuan, representing a year-on-year growth of 23.97%[45]. - The net profit attributable to shareholders reached 140.93 million yuan, an increase of 57.88% compared to the previous year[45]. Dividend and Share Capital - The company reported a profit distribution plan, proposing a cash dividend of 3.00 RMB per 10 shares and a capital reserve conversion of 5 shares for every 10 shares held[6]. - The total cash dividend for the 2021 fiscal year is set at 19,161,000 RMB, with a share base of 63,870,000 shares, and no stock bonuses were issued[156]. - The company has maintained a cash dividend payout ratio of 100% of the distributable profits for the reporting period[155]. - The company plans to increase its total share capital to 95,805,000 shares through a capital reserve transfer of 5 shares for every 10 shares held[156]. Industry Position and Market Trends - The company operates in the smart control industry, focusing on intelligent controllers and related products[14]. - The company is positioned in the intelligent controller manufacturing industry, which is supported by national policies and has seen increasing demand for automation and intelligence in various sectors[29]. - The smart controller industry in China is projected to maintain an annual growth rate of approximately 12% from 2018 to 2023, with the market size expected to exceed 3 trillion yuan by 2023[31]. - The demand for automation and intelligence in products is increasing, leading to higher technical barriers in the smart controller industry[32]. - The smart controller industry is experiencing a trend towards globalization and specialization, providing significant opportunities for domestic manufacturers[32]. Research and Development - The company invested 35.39 million yuan in R&D, a 30.89% increase year-on-year, accounting for 3.69% of total revenue[59]. - The company has developed 62 patents, including 14 invention patents and 32 utility model patents, enhancing its competitive edge in R&D[47]. - The new product development cycle typically spans 6 to 12 months, involving multiple stages from market demand investigation to mass production[39]. - The company actively participates in the design and development of new products, providing tailored solutions to meet customer needs[39]. - The R&D team has seen a significant increase in younger personnel, with a 37.21% rise in employees under 30 years old[77]. Supply Chain and Production - The company employs both OEM and ODM business models, allowing for greater control over material costs and production efficiency, particularly under the ODM model[38]. - The company has implemented a flexible manufacturing model characterized by "make-to-order" and "small batch production" to meet diverse customer needs[42]. - The company has established a comprehensive supplier management system, ensuring a robust supply chain with 2-3 qualified suppliers for key raw materials[41]. - The company has strengthened its supply chain management to mitigate cost pressures from raw material price increases and chip shortages[60]. Governance and Compliance - The company emphasizes timely and accurate information disclosure, with the chairman as the primary responsible person for disclosures[124]. - The company has established a comprehensive internal control system to ensure effective risk management and operational efficiency[126]. - The governance structure includes a board of directors with 5 members, 2 of whom are independent directors, ensuring compliance with relevant regulations[121]. - The company has implemented a performance evaluation and incentive system linking management compensation to business performance[125]. - The company has complied with all legal and regulatory requirements regarding shareholder meetings and decision-making processes[119]. Risks and Challenges - The company faces risks related to high foreign sales revenue and potential impacts from international market competition and trade policies[107]. - Rising raw material prices and chip shortages pose significant risks to the smart controller industry, impacting production costs[110]. - The company will closely monitor domestic and international market dynamics to enhance core competitiveness and risk resistance[110]. Social Responsibility and Community Engagement - The company actively engages in social responsibility, providing assistance to employees in need through its charity foundation[167]. - The company has taken measures to support poverty alleviation and rural revitalization in Guangxi, enhancing local infrastructure and employment[168]. - The company has not faced any environmental penalties during the reporting period, emphasizing its commitment to environmental protection[164].

Financial Performance - The company's operating revenue for Q3 2021 was ¥254,968,170.51, a decrease of 3.20% compared to the same period last year, while the year-to-date revenue reached ¥675,121,277.49, an increase of 28.78%[4] - Net profit attributable to shareholders for Q3 2021 was ¥38,085,638.11, representing a growth of 30.70% year-on-year, and the year-to-date net profit was ¥102,219,333.73, up 68.59%[4] - The basic earnings per share for Q3 2021 was ¥0.60, down 34.07% compared to the same period last year, while the diluted earnings per share remained the same at ¥0.60[4] - Total operating revenue for the third quarter of 2021 reached CNY 675,121,277.49, an increase of 28.8% compared to CNY 524,255,635.79 in the same period last year[21] - The net profit for Q3 2021 was CNY 102,219,333.73, an increase of 68.8% compared to CNY 60,631,138.93 in the same period last year[22] - Operating profit reached CNY 115,471,810.74, up 54.2% from CNY 74,813,589.66 year-over-year[22] - The company reported a total comprehensive income of CNY 102,105,422.68, compared to CNY 59,910,155.01 in the same period last year[23] - Basic and diluted earnings per share were both CNY 1.60, compared to CNY 1.90 in the same period last year[23] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥1,201,453,559.23, reflecting a 10.40% increase from the end of the previous year[4] - The company's total assets as of September 30, 2021, were CNY 1,201,453,559.23, compared to CNY 1,088,258,773.39 at the end of 2020, reflecting a growth of 10.4%[19] - The company's total liabilities were CNY 278,854,578.48, compared to CNY 254,991,215.32 at the end of 2020, representing an increase of 9.3%[19] - Shareholders' equity rose to CNY 922,598,980.75 from CNY 833,267,558.07, marking an increase of 10.7%[19] - Short-term borrowings increased to CNY 28,500,000.00 from CNY 1,000,000.00, a significant rise of 2750%[18] - Total current liabilities were CNY 246,690,654.16, with significant components including accounts payable of CNY 191,688,410.11[31] - Total non-current liabilities increased to CNY 28,583,571.99, also reflecting the adjustment from the new leasing standard[31] - Total liabilities amounted to CNY 275,274,226.15, indicating a rise due to the aforementioned adjustments[31] Cash Flow - The company's cash flow from operating activities showed a net amount of ¥25,943,423.38 year-to-date, which is a significant decrease of 77.00%[4] - Cash flow from operating activities showed a net inflow of CNY 25,943,423.38, down 77.0% from CNY 112,814,669.31 in the previous year[26] - Cash and cash equivalents decreased to CNY 203,496,341.83 from CNY 600,568,260.03, a decline of 66.1%[17] - Cash and cash equivalents at the end of the period were CNY 202,666,858.34, down from CNY 77,496,569.51 year-over-year[27] - The company recorded a net cash outflow from investing activities of CNY -426,279,307.52, compared to CNY -32,185,791.16 in the previous year[26] Research and Development - Research and development expenses for the first nine months of 2021 were ¥28,616,639.07, an increase of 60.31% compared to the same period last year, indicating increased investment in R&D projects[11] - Research and development expenses increased to CNY 28,616,639.07, a rise of 60.5% compared to CNY 17,850,449.07 in the previous year[22] Inventory and Financial Assets - The company reported a significant increase in trading financial assets, which rose by 869.80% to ¥459,656,460.67, primarily due to the purchase of wealth management products[9] - The company’s inventory increased by 65.12% to ¥158,616,557.49, attributed to business scale growth and market shortages[9] - Inventory increased significantly to CNY 158,616,557.49, up 65.0% from CNY 96,062,003.05[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,658, with the largest shareholder holding 43.43% of the shares[12] Future Outlook - Future outlook includes potential market expansion and new product development, although specific figures were not disclosed in the report[21]

Financial Performance - Revenue for the first half of 2021 reached ¥420,153,106.98, representing a 61.07% increase compared to ¥260,855,289.24 in the same period last year[22]. - Net profit attributable to shareholders was ¥64,133,695.62, up 103.65% from ¥31,492,130.61 year-on-year[22]. - Net profit after deducting non-recurring gains and losses was ¥50,988,976.12, an increase of 83.29% compared to ¥27,819,487.53 in the previous year[22]. - Basic earnings per share for the period was ¥1.00, a slight increase of 1.01% from ¥0.99 in the same period last year[22]. - The total profit for the first half of 2021 was ¥72,294,568.90, up 96.2% from ¥36,829,499.46 in the previous year[165]. - The comprehensive income total for the first half of 2021 was ¥63,865,763.27, compared to ¥31,817,447.94 in the first half of 2020[166]. - The company reported a net profit of 31,492,000 yuan for the current period, indicating a significant increase compared to the same period last year[181]. Assets and Liabilities - The company's total assets increased by 7.15% to ¥1,166,080,221.94 from ¥1,088,258,773.39 at the end of the previous year[22]. - Current liabilities rose to CNY 256,645,255.47, compared to CNY 246,690,654.16, an increase of about 4.03%[157]. - Non-current liabilities increased significantly to CNY 25,075,645.13 from CNY 8,300,561.16, marking a rise of approximately 201.06%[157]. - The company’s total liabilities reached CNY 281,720,900.60, compared to CNY 254,991,215.32, an increase of about 10.51%[157]. - Cash and cash equivalents decreased to CNY 123,445,622.91 from CNY 589,435,026.31, a decline of approximately 79.03%[160]. Cash Flow - The net cash flow from operating activities was significantly lower at ¥42,103.13, down 99.94% from ¥67,516,416.10 in the previous year[22]. - The total cash inflow from operating activities for the first half of 2021 was CNY 479,422,107.93, an increase of 49.5% compared to CNY 320,622,035.61 in the first half of 2020[172]. - The net cash flow from investing activities was -CNY 472,393,258.08, worsening from -CNY 15,411,496.49 year-over-year[172]. - The cash inflow from financing activities was CNY 28,500,000.00, up from CNY 10,000,000.00 in the first half of 2020[173]. Research and Development - Research and development expenses rose significantly by 85.51% to ¥16,455,510.20 from ¥8,870,319.97, reflecting increased investment in R&D[53]. - The company has a strong focus on R&D, having formed a solid team over more than a decade, which has led to significant advancements in control technologies[45]. - The company is focusing on research and development of new products to enhance its competitive edge in the market[180]. Market Strategy - The company focuses on the development and production of smart controllers and products for various industries, including smart home, automotive electronics, and new consumer electronics[29]. - The company emphasizes customer-oriented product development, integrating advanced technology to provide value-added solutions[33]. - The company plans to expand into emerging markets in Asia, Africa, and Latin America to mitigate risks associated with overseas market concentration[86]. - The company aims to increase its market share in the domestic market and expand its smart controller business to diversify revenue sources[86]. Risk Management - The management has outlined potential risks and countermeasures in the report, emphasizing the importance of risk awareness for investors[5]. - The company faces risks from rising raw material prices and chip shortages, which could significantly impact production costs and operations[88]. - The company emphasizes risk management in derivative trading, focusing on market, liquidity, and credit risks[79]. Corporate Governance - The company has ensured timely and accurate information disclosure to enhance transparency with investors[102]. - The company has maintained good integrity status without any unfulfilled court judgments or significant debts[114]. - The financial report for the first half of 2021 was not audited[153]. Shareholder Information - The company distributed a cash dividend of 3 RMB per 10 shares, totaling 12,774,000 RMB, and implemented a stock bonus of 1 share for every 10 shares held, along with a capital reserve conversion of 4 shares for every 10 shares, increasing the total share capital from 42,580,000 to 63,870,000 shares[135]. - The major shareholder, Ouyang Zhengliang, holds 43.43% of the shares, with a total of 27,739,710 shares, having increased his holdings by 9,246,570 shares during the reporting period[141]. Environmental and Social Responsibility - The company has maintained a strong focus on environmental protection and safety, achieving certifications for environmental management systems and safety production standards[100]. - The company is actively engaged in the research, development, production, and sales of intelligent controllers and products, with a commitment to minimizing environmental impact[99]. - The company has actively engaged in social responsibility, including providing assistance to employees in need through a charity foundation[103].

Financial Performance - The company's operating revenue for Q1 2021 was ¥204,316,852.31, representing a 109.09% increase compared to ¥97,715,568.98 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥33,042,546.34, up 116.91% from ¥15,233,421.82 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,007,391.99, reflecting a 78.62% increase from ¥13,440,279.47 in the same period last year[8]. - Basic and diluted earnings per share for Q1 2021 were both ¥0.78, a 62.50% increase from ¥0.48 in the same period last year[8]. - The company achieved total operating revenue of CNY 204.32 million, a year-on-year increase of 109.09% due to recovery from the pandemic and increased customer orders[18]. - Net profit attributable to shareholders reached CNY 33.04 million, reflecting a growth of 116.91% compared to the previous year[20]. - The total comprehensive income for the first quarter was CNY 33,241,238.75, compared to CNY 15,614,941.22 in the previous period, marking an increase of 113%[52]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥9,805,421.40, a significant improvement from a negative cash flow of ¥22,552,411.57 in the previous year, marking a 143.48% change[8]. - Cash inflow from operating activities totaled CNY 260.61 million, up 130.73% from CNY 112.95 million in the previous period, driven by increased revenue[19]. - The cash and cash equivalents at the end of the period stood at CNY 155.74 million, a substantial increase of 766.85% compared to CNY 17.97 million in the previous period[19]. - The company's cash and cash equivalents dropped to ¥156,788,600.39 from ¥589,435,026.31, a decline of approximately 73%[43]. - The cash flow from operating activities included ¥234,586,043.12 from sales of goods and services, a significant increase from ¥63,189,336.82 in the previous period[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,099,378,121.05, a 1.02% increase from ¥1,088,258,773.39 at the end of the previous year[8]. - The total amount of raised funds is 530.22 million CNY, with 45 million CNY invested in the current quarter[28]. - Total liabilities decreased to ¥232.87 million from ¥254.99 million, a reduction of 8.7%[40]. - The company's trading financial assets increased significantly to ¥485.76 million from ¥47.40 million, marking a growth of 923.5%[38]. - The implementation of the new leasing standard resulted in an adjustment of ¥20,283,010.83 to both right-of-use assets and lease liabilities[66]. Research and Development - The company reported a significant increase in research and development expenses, amounting to CNY 7.32 million, a rise of 117.38% year-on-year, indicating a focus on innovation[18]. - Research and development expenses for Q1 2021 were ¥7,320,658.12, compared to ¥3,367,633.22 in the previous year, indicating a year-over-year increase of approximately 117.5%[47]. - The company aims to increase R&D investment and strengthen external collaboration to achieve breakthroughs in more technology application areas[24]. Strategic Initiatives - The company plans to expand into emerging markets in Asia, Africa, and Latin America to mitigate risks associated with high foreign sales revenue[22]. - The company has emphasized the importance of core technology and product development, continuing to invest in new products and technologies to enhance competitiveness[21]. - The company is actively developing high-quality clients and expanding its presence in the mid-to-high-end market[24]. - The company has established a customer credit assessment system to strengthen monitoring and collection of accounts receivable[23]. Risks and Challenges - The company is facing risks from rising raw material prices and chip shortages, which significantly impact the cost of smart controllers[25]. - The company will closely monitor domestic and international market conditions to enhance its core competitiveness and risk resistance[25].

Financial Performance - The company reported a total revenue of 425.8 million RMB for the year 2020, reflecting a year-on-year growth of 15%[11]. - The company's operating revenue for 2020 was CNY 774.43 million, representing a 36.06% increase compared to CNY 569.19 million in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 89.27 million, a 72.02% increase from CNY 51.89 million in 2019[16]. - The net cash flow from operating activities reached CNY 128.51 million, a significant increase of 510.56% compared to CNY 21.05 million in 2019[16]. - The total assets of the company at the end of 2020 were CNY 1,088.26 million, up 163.29% from CNY 413.33 million at the end of 2019[16]. - The company's net assets attributable to shareholders increased by 231.28% to CNY 833.27 million at the end of 2020, compared to CNY 251.53 million at the end of 2019[16]. - The basic earnings per share for 2020 were CNY 2.72, reflecting a 66.87% increase from CNY 1.63 in 2019[16]. - The company achieved a revenue of 774 million yuan, representing a year-on-year growth of 36.06%[32]. - Net profit attributable to shareholders reached 89.27 million yuan, an increase of 72.02% compared to the previous year[32]. - The growth in revenue was primarily driven by increased sales of smart controllers for Bluetooth headsets, water filters, robotic vacuums, smart trash cans, and sensor soap dispensers[33]. Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB (including tax) for every 10 shares, along with a bonus share of 1 share (including tax) and a capital reserve conversion of 4 shares for every 10 shares[4]. - The company reported a cash dividend of 12,774,000.00 CNY, representing 75% of the total profit distribution[112]. - The cash dividend for 2020 represents 14.31% of the net profit attributable to ordinary shareholders, which was CNY 89,266,299.53[119]. - In 2019, the company distributed cash dividends totaling CNY 36,000,000, which accounted for 69.38% of the net profit attributable to ordinary shareholders[119]. - The company did not distribute any dividends for the year 2018, as the board decided against it due to cash flow considerations[118]. - As of December 31, 2020, the cumulative distributable profits of the parent company amounted to CNY 124,416,065.45, with retained earnings in the consolidated financial statements at CNY 167,701,111.18[114]. - The company intends to conduct annual cash dividends, distributing no less than 15% of the annual distributable profits, subject to meeting cash dividend conditions[114]. Market Expansion and Product Development - The company aims to expand its market presence by increasing its product offerings in smart home and consumer electronics sectors[11]. - The company is focusing on the development of new technologies and products, particularly in the field of smart controllers and electronic control systems[11]. - The company has established a product matrix with nearly 200 different products across two major categories and six subcategories[51]. - The company is focused on expanding its collaboration with downstream brand manufacturers to enhance its product offerings and meet customer needs[25]. - The company has several ongoing R&D projects, including a face lighting technology and a universal design for oven controllers, aimed at enhancing market competitiveness[74]. - The company is in the detailed design phase for several new products, including an AI-powered coffee machine and a non-contact thermometer, aimed at enhancing market competitiveness[75]. Risk Management - The company has identified potential risks in its future operations and has outlined corresponding mitigation strategies in its report[4]. - The company emphasizes the importance of risk awareness among investors regarding its future plans and projections[4]. - The company faces risks from high export revenue dependence, with significant sales to Asia, Africa, and North America, and plans to expand into emerging markets[104]. - The company has a good overall receivables recovery situation, with most accounts aged under one year, but acknowledges risks from delayed payments by some clients[105]. - The company will implement measures to mitigate risks from raw material price fluctuations, including early procurement and strategic supplier agreements[106]. Corporate Governance and Compliance - The company’s board of directors has confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[3]. - The company has engaged a reputable accounting firm to audit its financial statements, ensuring compliance with regulatory standards[15]. - The company is committed to enhancing its governance structure and improving financial management and internal controls[102]. - The company has fulfilled all commitments made by actual controllers and shareholders during the reporting period[120]. - The company is currently in compliance with the share transfer restrictions imposed on its shareholders following the IPO[120]. Research and Development - R&D expenses amounted to 27.04 million yuan, representing an 18.89% increase year-on-year, accounting for 3.49% of total revenue[57]. - The company emphasizes the importance of R&D capabilities to develop new intelligent controllers and improve existing products based on customer needs[100]. - The company has developed advanced control technologies, including frequency conversion, fuzzy control, and intelligent network technologies, which support its product innovation[44]. - The company has implemented a comprehensive quality management system based on ISO9001 and IATF16949 standards, aiming for "zero defects"[58]. Shareholder Relations and Stock Management - The company plans to repurchase shares as a primary measure to stabilize its stock price, subject to legal and regulatory compliance[122]. - The company will notify creditors and relevant authorities before implementing any share repurchase plan[122]. - The company has a commitment to not transfer more than 25% of its shares held by directors and senior management during their tenure[121]. - The company will ensure that new directors and senior management adhere to the commitments made regarding share price stabilization measures[124]. - The company will publicly explain any failure to implement the share stabilization measures at the shareholders' meeting[124]. - The company guarantees that the public offering of shares does not involve any fraudulent issuance[124]. Social Responsibility - The company donated 350,000 RMB to the Red Cross Society in Anfu County to support education in mountainous areas[158]. - The company maintains a safety-first policy, with no environmental pollution incidents reported during the year[160].