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秋田微(300939) - 2022 Q2 - 季度财报
2022-08-19 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was CNY 565,748,584.59, representing a 13.66% increase compared to CNY 497,758,350.65 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 73,644,711.97, a significant increase of 100.21% from CNY 36,783,818.64 in the previous year[19]. - The net profit after deducting non-recurring gains and losses reached CNY 68,039,486.08, up 173.63% from CNY 24,865,292.71 in the same period last year[19]. - The net cash flow from operating activities was CNY 97,246,575.16, a remarkable turnaround from a negative cash flow of CNY -41,329,200.60 in the previous year, marking a 335.30% increase[19]. - Basic earnings per share increased to CNY 0.6137, up 27.85% from CNY 0.4800 in the same period last year[19]. - The company reported a significant increase in income tax expenses, which rose by 89.25% to ¥8,948,417.12, primarily due to increased profits[47]. - The company reported a significant increase in revenue, achieving a total of 500 million yuan for the first half of 2022, representing a 25% year-over-year growth[108]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2022, representing a year-on-year growth of 25%[113]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,497,767,979.25, reflecting a 5.02% increase from CNY 1,426,227,532.09 at the end of the previous year[19]. - The total liabilities rose to CNY 297,442,334.33 from CNY 251,562,425.95, marking an increase of about 18.2%[174]. - The equity attributable to shareholders increased from CNY 1,174,665,106.14 to CNY 1,200,325,644.92, showing a growth of approximately 2.2%[174]. - The company's total current assets reached CNY 1,277,955,733.65, slightly up from CNY 1,270,909,391.56 at the start of the year, indicating a growth of approximately 0.4%[173]. - The inventory decreased from CNY 152,275,411.88 to CNY 127,779,364.30, a decline of about 16.1%[172]. Research and Development - Research and development expenses amounted to ¥26,645,623.69, a 14.62% increase from ¥23,247,333.34 in the previous year, accounting for 4.71% of total revenue[47]. - The company is focusing on R&D innovation to enhance competitiveness and meet customer demands for customized products[82]. - The company has allocated 100 million RMB for research and development in new technologies, aiming to innovate and improve product offerings[115]. Product and Market Strategy - The company specializes in LCD display and touch products, serving sectors such as industrial control, IoT, healthcare, and automotive electronics[28][29]. - The company plans to continue expanding its product applications in various fields, including industrial control, IoT, healthcare, and automotive electronics[39]. - The company is focusing on new product development in areas such as electronic paper, autonomous driving laser radar LCD valves, and Mini LED backlight projects[41]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2024[108]. Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company emphasizes a stable profit distribution policy, ensuring that cash dividends will not be less than 20% of the distributable profits for the year[112]. - The company will disclose any failure to fulfill commitments and the reasons behind it, ensuring investor rights are protected[111]. - The company has committed to timely and accurately disclose information if it plans to reduce its stock holdings after the lock-up period[107]. Risk Management and Compliance - The report includes a detailed discussion of potential risk factors and countermeasures[3]. - The company is monitoring raw material price fluctuations, which significantly impact production costs and profitability[85]. - The company continues to monitor the COVID-19 situation and adjust its operations accordingly to enhance risk response capabilities[89]. - The company emphasizes the importance of timely project implementation for its fundraising investment projects to ensure expected returns[87]. Corporate Governance and Social Responsibility - The company actively engages in social responsibility initiatives, including supporting local farmers through purchasing programs[103]. - The company has a strong focus on employee rights protection and has established mechanisms for employee participation in management[101]. - The company emphasizes environmental protection and has not faced any administrative penalties related to environmental issues during the reporting period[98].
秋田微(300939) - 2022 Q1 - 季度财报
2022-04-21 16:00
深圳秋田微电子股份有限公司 2022 年第一季度报告全文 深圳秋田微电子股份有限公司 2022年第一季度报告 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: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和连带的法 律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明:保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 证券代码:300939 证券简称:秋田微 公告编号:2022-032 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 254,044,050.64 | 215,095,870.00 | 18.11% | | 归属于上市公司股东的净利润(元) | 25,949,896.88 | 10,372 ...
秋田微(300939) - 2021 Q4 - 年度财报
2022-04-14 16:00
Financial Performance - The company reported a profit distribution plan of 6.00 RMB (including tax) per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[6]. - The company’s total revenue for 2021 was 800 million RMB, representing a year-on-year increase of 20% compared to 2020[16]. - The net profit attributable to shareholders for 2021 was 120 million RMB, an increase of 15% from the previous year[16]. - The company's operating revenue for 2021 was ¥1,111,485,303.92, representing a 34.88% increase compared to ¥824,064,138.71 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥109,663,859.61, up 31.58% from ¥83,344,899.90 in 2020[20]. - The total revenue for the year was CNY 1,111.49 million, representing a year-on-year increase of 34.88% from CNY 824.06 million[64]. - The company reported a net profit of RMB 109.39 million for the year 2021, with a legal surplus reserve of RMB 10.94 million, leaving an undistributed profit of RMB 98.45 million[190]. User Growth and Market Expansion - User data showed a growth in active users by 30% year-on-year, reaching 1.5 million active users by the end of 2021[16]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[16]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[155]. - The company has expanded its customer base in various sectors, including industrial control, IoT, healthcare, and automotive electronics, with new clients such as Gilbarco and Faurecia[44]. Research and Development - The company has allocated 50 million RMB for research and development in 2022, focusing on innovative display solutions[16]. - The company has increased its R&D investment, focusing on core technologies such as electronic paper modules and autonomous driving laser radar LCD valves[45]. - Research and development expenses increased by 18%, totaling 200 million RMB, to support innovation in product offerings[157]. - The company invested a total of CNY 49.51 million in R&D, accounting for 4.45% of its revenue, maintaining a high level compared to peers[51]. - The company has applied for 12 patents related to electronic paper technology, with 3 invention patents and 2 utility model authorizations granted[47]. Financial Management and Investment - The company has approved the use of raised funds to invest in the construction of the Shenzhen industrial base[174]. - The company plans to adopt a prudent investment strategy, focusing on areas closely related to its main business for external expansion[120]. - The company has committed to maintaining the investment total and usage of raised funds despite the adjustments in project timelines[99]. - The company reported a significant increase in cash and cash equivalents of ¥742,001,901.05, a substantial rise of 4,868.43% from ¥14,934,322.42 in 2020[81]. Governance and Compliance - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with shareholders through various media outlets[130]. - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operations[129]. - The company has established a comprehensive internal control system to enhance governance and operational efficiency in response to rapid growth[54]. - The company has not faced any penalties from regulatory authorities in the past three years[166]. Risks and Challenges - The company identified potential risks including supply chain disruptions and market competition, with strategies in place to mitigate these risks[6]. - The company faces risks from market competition, particularly in the touch display industry, and aims to maintain its competitive edge through innovation[113]. - The company is aware of potential risks from overseas market fluctuations and will implement measures to mitigate these risks[114]. - The company acknowledges risks associated with the implementation of fundraising investment projects, particularly if market conditions or customer demands change significantly[118]. Talent Development - The company has implemented a talent development strategy focusing on both internal training and external recruitment to strengthen its talent pool[52]. - The company has established a comprehensive training program for employees across different levels and functions to enhance overall quality[185]. - The company emphasizes the importance of talent development and will implement competitive incentive mechanisms to optimize its talent pool[109]. Product Development and Innovation - New product development includes the launch of a next-generation display technology expected to increase production efficiency by 40%[16]. - The company has developed core technologies including high-reliability COG bonding and high-performance PMVA-LCD, enhancing its market competitiveness[30]. - The Touch Plus gesture touch module has completed formal sample production and is in the market expansion process[50]. Shareholder Engagement - The company held one annual general meeting and two extraordinary general meetings during the reporting period, ensuring compliance with legal and regulatory requirements[125]. - The company emphasizes the importance of protecting the interests of minority shareholders in its decision-making[177]. - The company reported a total shareholding of 37,712,317 shares, with significant holdings by key executives[145].
秋田微(300939) - 关于参加2021深圳辖区“沟通传递价值,交流创造良好生态”上市公司投资者网上集体接待日活动的公告
2021-11-25 09:12
证券代码:300939 证券简称:秋田微 公告编号:2021-078 深圳秋田微电子股份有限公司 关于参加 2021 深圳辖区"沟通传递价值,交流创造良好生态" 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内容的真实、准确、完整,没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作,深圳秋田微电子股份有限公司(以 下简称"公司")将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"沟通传递价值,交流创造良好生态"——2021 深圳辖区上市公司投资者 网上集体接待日活动,现将有关事项公告如下: 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台,采取网 络远程的方式举行,投资者可以登录"全景•路演天下"网站(http://rs.p5w.net/) 或关注微信公众号:全景财经,参与公司本次投资者集体接待日活动,活动时间 为 2021 年 11 月 30 日 14:00 至 17:00,其中公司与投资者互动的时间为 15:30 至 17:00。 届时公司董事、副总经理、董事会秘书王亚彬先生以及财务负责人石俊先生 将通过网络文字交流形式与投资者进行 ...
秋田微(300939) - 2021 Q3 - 季度财报
2021-10-26 16:00
深圳秋田微电子股份有限公司 2021 年第三季度报告 证券代码:300939 证券简称:秋田微 公告编号:2021-074 公司是否需追溯调整或重述以前年度会计数据 深圳秋田微电子股份有限公司 2021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: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整,不存在虚假记载、误导性陈述或重大遗漏,并承担个别和连带的法 律责任。 2.公司负责人黄志毅、主管会计工作负责人石俊及会计机构负责人(会计主 管人员)彭华燕声明:保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 □ 是 √ 否 | | 本报告期注 | 1 本报告期比上年 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 比上年同期增减 | | 营业收入(元) | 308,073,182.38 | 36.33% | 805,831,533 ...
秋田微(300939) - 2021 Q2 - 季度财报
2021-08-19 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was CNY 497,758,350.65, representing a 33.13% increase compared to CNY 373,875,403.88 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 36,783,818.64, a 5.59% increase from CNY 34,837,912.90 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 24,865,292.71, a decrease of 14.36% compared to CNY 29,035,093.15 in the same period last year[22]. - The net cash flow from operating activities was CNY -41,329,200.60, a decline of 223.07% from CNY 33,581,641.31 in the previous year[22]. - The total assets at the end of the reporting period were CNY 1,340,606,775.69, an increase of 118.45% from CNY 613,698,159.37 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 1,101,789,268.22, a 167.96% increase from CNY 411,177,542.18 at the end of the previous year[22]. - The basic earnings per share were CNY 0.48, down 17.24% from CNY 0.58 in the previous year[22]. - The weighted average return on net assets was 3.67%, a decrease of 6.42% from 10.09% in the previous year[22]. Revenue and Cost Analysis - The company achieved operating revenue of 497.76 million yuan, a year-on-year increase of 33.13%[32]. - The company's revenue for the reporting period reached ¥497,758,350.65, representing a year-on-year increase of 33.13% due to enhanced market promotion and R&D investment[51]. - The gross profit margin decreased due to a significant rise in raw material prices, particularly for TFT screens and chips, leading to a net cash flow from operating activities of -¥41,329,200.60[51]. - The company has achieved a 37.03% increase in operating costs, totaling ¥388,914,882.95, primarily due to increased sales volume[51]. Research and Development - The company’s R&D expenses amounted to ¥23,247,333.34, which is a 25.12% increase compared to the previous year, reflecting the company's commitment to innovation[45]. - The company is actively pursuing new product development in areas such as 5G communication devices and autonomous driving technologies, aiming to enhance its product offerings[45]. - The company has established a comprehensive management information system covering sales, procurement, production, and inventory[40]. Market Expansion and Strategy - The company plans to expand its product line to include new technologies such as IoT control modules and electronic paper display modules[33]. - The company focuses on customized products for specific sectors including industrial control, IoT, healthcare, and automotive electronics[34]. - The company is actively expanding into overseas markets, with products exported to regions including Europe, the US, Japan, and Southeast Asia[88]. - The company aims to transition from a touch display product supplier to a provider of human-computer interaction and intelligent control solutions, enhancing market competitiveness[87]. Financial Management and Fundraising - The company raised 693.83 million yuan through its IPO on January 28, 2021, contributing to the increase in net assets[32]. - The net cash flow from financing activities reached ¥652,142,800.35, a significant increase of 2,143.42% compared to the previous period, primarily due to the successful completion of the initial public offering[53]. - The company has a total of RMB 591.48 million in the special account for raised funds as of June 30, 2021, including interest income and financial management returns[73]. - The company plans to use RMB 196.84 million of the excess raised funds for the construction of a Shenzhen industrial base[73]. Compliance and Governance - The company has not faced any administrative penalties related to environmental issues during the reporting period[103]. - The company emphasizes compliance with environmental laws and regulations, ensuring no violations occurred during the reporting period[106]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, including share lock-up agreements[110]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[120]. Shareholder Relations and Profit Distribution - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company emphasizes a stable profit distribution policy, aiming for a cash dividend of no less than 20% of the distributable profit each year, subject to board approval[116]. - The profit distribution policy includes conditions for cash dividends, requiring positive distributable profit and sufficient cash flow to ensure ongoing operations[116]. - The board will propose a reasonable profit distribution plan considering profitability, funding needs, and shareholder returns, which will be submitted for shareholder approval[117].
秋田微(300939) - 2021 Q1 - 季度财报
2021-04-26 16:00
Revenue and Profitability - Revenue for Q1 2021 reached ¥215,095,870, an increase of 42.29% compared to ¥151,168,359.30 in the same period last year[9] - Net profit attributable to shareholders decreased by 7.67% to ¥10,372,825.11 from ¥11,234,803.08 year-on-year[10] - The company's operating revenue for Q1 2021 was RMB 215,095,870, representing a 42.29% increase compared to RMB 151,168,359.30 in Q1 2020[21] - The net profit attributable to shareholders was 10.37 million yuan, a decrease of 7.67% year-on-year, primarily due to currency fluctuations and rising raw material prices[24] - The total comprehensive income for Q1 2021 was CNY 10,375,145.11, down from CNY 11,234,803.08 in the same period last year[52] - The company reported a net profit warning for the year-to-date period, indicating potential losses or significant changes compared to the same period last year[33] Cash Flow and Financial Position - Net cash flow from operating activities was negative at ¥-35,257,340.74, a decline of 359.48% compared to ¥13,587,917.16 in the previous year[9] - The company's net cash flow from operating activities was -RMB 35,257,340.74, a decrease of 359.48% compared to RMB 13,587,917.16 in Q1 2020[22] - Cash flow from operating activities showed a net outflow of CNY -35,257,340.74, compared to a net inflow of CNY 13,587,917.16 in the same period last year[59] - The ending balance of cash and cash equivalents was CNY 137,023,911.64, up from CNY 127,324,502.83 at the end of Q1 2020[60] - The company raised CNY 743,600,000.00 through financing activities, compared to CNY 45,116,250.00 in the same period last year[60] Assets and Liabilities - Total assets increased by 117.34% to ¥1,333,806,158.75 from ¥613,698,159.37 at the end of the previous year[11] - The total assets increased significantly, with trading financial assets rising by 1,200.73% to RMB 686,534,675.93 from RMB 52,780,898.29 at the end of 2020[21] - The total liabilities as of March 31, 2021, were 218.42 million yuan, compared to 202.52 million yuan at the end of 2020, indicating an increase of approximately 7.9%[42] - The company's total liabilities rose from approximately ¥202.52 million to ¥209.39 million, with non-current liabilities increasing by ¥6.87 million due to the recognition of lease liabilities[67] Shareholder and Equity Information - Net assets attributable to shareholders rose by 171.27% to ¥1,115,383,819.37 from ¥411,177,542.18 at the end of the previous year[11] - The total equity attributable to shareholders remained stable at approximately ¥411.18 million[67] - The total number of shareholders at the end of the reporting period was 20,894[16] Operational Insights - The company experienced significant growth in domestic sales, although the gross margin for domestic sales was lower than that for exports, impacting overall net profit[10] - The increase in personnel and related costs, along with intermediary consulting fees due to the IPO, contributed to the decline in net profit[10] - The company launched new industrial IoT human-machine interface products, which contributed to revenue growth[9] - The company maintained good strategic partnerships with major clients despite rising material costs due to international supply-demand dynamics[10] - The company plans to enhance profitability through smart production line upgrades and effective use of raised funds[26] - The company aims to expand its business layout and enhance profitability through orderly project construction and compliance with market demands[26] Research and Development - Research and development expenses rose by 34.18% to RMB 9,875,049.42, reflecting the company's commitment to innovation and resource allocation[22] - Research and development expenses for the quarter were CNY 9,875,049.42, an increase from CNY 7,359,794.16 in Q1 2020[50] IPO and Financing Activities - The company raised RMB 743,600,000 through its initial public offering, contributing to a net cash flow from financing activities of RMB 694,988,000, a 2,209.41% increase[22] - The company raised 693.83 million yuan through its IPO, with 61.16 million yuan invested in the current quarter[31] - The company raised 196.84 million yuan from its initial public offering, with the funds currently under planning and not yet utilized[32] Compliance and Governance - The company did not engage in any repurchase transactions among its top shareholders during the reporting period[19] - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - The company has not engaged in any research, communication, or interview activities during the reporting period[35] - The first quarter report for 2021 was not audited[71]
秋田微(300939) - 2020 Q4 - 年度财报
2021-04-20 16:00
Financial Performance - The company's operating revenue for 2020 was ¥824,064,138.71, representing a 2.85% increase compared to ¥801,254,947.72 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥83,344,899.90, a decrease of 3.70% from ¥86,546,816.14 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥63,688,009.45, down 14.39% from ¥74,392,855.37 in 2019[18]. - The net cash flow from operating activities was ¥77,121,316.81, a significant decline of 48.48% compared to ¥149,677,520.14 in 2019[18]. - The total assets at the end of 2020 amounted to ¥613,698,159.37, reflecting a 17.58% increase from ¥521,960,490.98 at the end of 2019[18]. - The net assets attributable to shareholders increased by 25.30% to ¥411,177,542.18 from ¥328,156,828.49 in 2019[18]. - The basic earnings per share for 2020 were ¥1.39, a decrease of 3.47% from ¥1.44 in 2019[18]. - The weighted average return on equity was 22.56%, down from 29.45% in 2019, indicating a decline of 6.89%[18]. - The overall gross margin for 2020 was 24.59%, a decrease of 2.70 percentage points from the previous year, primarily due to changes in revenue structure and increased raw material costs[65]. Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 was approximately ¥151.17 million, ¥222.71 million, ¥225.97 million, and ¥224.22 million respectively, showing a steady increase in revenue throughout the year[21]. - The net profit attributable to shareholders for the same quarters was ¥11.23 million, ¥23.60 million, ¥26.72 million, and ¥21.79 million, indicating a significant growth in profitability, particularly in Q3[21]. - The revenue from color LCD modules reached CNY 318.4193 million, a year-on-year increase of 23.63%, driven by growing demand in various applications[65]. - The revenue from capacitive touch screens was CNY 150.9604 million, a year-on-year increase of 2.49%, with expectations for rapid growth in related business areas[65]. - The revenue from monochrome LCD modules decreased by 19.06% to ¥193,322,822.69, while the revenue from color LCD modules increased by 23.63% to ¥318,419,273.90[67]. - Domestic revenue grew by 13.73% to ¥375,693,181.40, while international revenue decreased by 4.79% to ¥448,370,957.31[67]. Research and Development - The company is focusing on R&D projects including automotive automatic dimming liquid crystal valves and 5G communication wavelength selectors, with expected progress[49]. - The company invested CNY 38.8951 million in R&D, accounting for 4.72% of its revenue, maintaining a high level compared to peers[59]. - The company is developing a gesture recognition LCD display module to enhance user interaction while minimizing contact, with sample development planned for 2021[61]. - The company has increased its R&D investment to enhance technological innovation and product development, aiming to meet rising customer demands[110]. - The company plans to increase R&D investment in new display technologies, including automotive applications and 5G communication devices[104]. Market Position and Strategy - The company is focusing on expanding its product line to include embedded display control systems and new technologies such as laser radar LCD valves for autonomous driving[28]. - The company aims to enhance its market position by developing integrated solutions for human-machine interaction and smart control products[28]. - The company operates primarily in the manufacturing sector, specifically in the production of LCD and touch control products for various industries including industrial control and automotive electronics[34]. - The company has established long-term partnerships with renowned clients such as Omron, HP, Siemens, and GE, enhancing its market competitiveness[45]. - The company is actively expanding into high-growth industries such as industrial control, IoT, healthcare, and automotive electronics, increasing market share[57]. Risk Management - The company has outlined potential risks and strategies for future development in its annual report, emphasizing the importance of investor awareness regarding these risks[5]. - The company faces risks from intense market competition and potential fluctuations in foreign exchange rates due to its significant export activities[106][107]. - The company faces risks related to fluctuations in raw material prices, which significantly impact production costs and profitability[109]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of ¥5 per 10 shares, totaling ¥40,000,000 based on 80,000,000 shares[6]. - The cash dividend distributed in 2020 accounted for 47.99% of the net profit attributable to shareholders, with a total distributable profit of CNY 166.10 million[119]. - The company reported a net profit of CNY 73.90 million for the year 2020, with a profit distribution plan proposing a cash dividend of CNY 5.00 per 10 shares, totaling CNY 40 million[116]. - The company has committed to maintaining a stable profit distribution policy, ensuring that cash dividends will not be less than 20% of the distributable profits achieved in the year[122]. - The company plans to implement cash dividends annually after the shareholders' meeting, with the possibility of mid-term cash dividends based on profitability and funding needs[122]. Corporate Governance - The company has established a robust management system that includes quality management certifications such as IATF16949:2016 and ISO9001:2015, ensuring efficient operations[33]. - The company emphasizes the importance of protecting investor rights and has revised its articles of association to reflect a proactive profit distribution policy[122]. - The company has committed to avoiding competition with its controlling shareholder and actual controller, ensuring no direct or indirect engagement in competing activities[124]. - The company’s board of directors may increase holdings if the stock price exceeds the net asset value for five consecutive trading days[125]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[127]. - Future guidance includes a target of achieving 1 billion RMB in net profit by the end of the next fiscal year, reflecting a 15% increase from the current year[128]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[127]. - A strategic acquisition of a smaller tech firm is in progress, which is anticipated to enhance the company's technological capabilities and market reach[128].