Financial Performance - The company's operating revenue for 2021 was ¥1,214,166,195.62, representing a 26.54% increase compared to ¥959,479,778.19 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥222,205,355.15, a 3.88% increase from ¥213,901,736.28 in 2020[18]. - The net cash flow from operating activities increased by 60.21% to ¥218,872,224.69 in 2021, up from ¥136,612,663.11 in 2020[18]. - The total assets at the end of 2021 reached ¥3,334,763,657.44, a significant increase of 202.53% from ¥1,102,304,097.82 at the end of 2020[18]. - The company reported a basic earnings per share of ¥3.23 for 2021, down 40.84% from ¥5.46 in 2020[18]. - The weighted average return on equity for 2021 was 9.65%, a decrease of 18.80% from 28.45% in 2020[18]. - The company achieved a net cash flow from operating activities of CNY 218,872,224.69, representing a 60.21% increase compared to the previous year[69]. - The company reported a significant increase in financial income, with financial expenses decreasing by 451.05% to -29,986,815.44 CNY due to improved fund management[64]. Market Expansion and Development - The company plans to expand its market presence and enhance product development, although specific figures and timelines were not detailed in the provided content[5]. - The company focused on expanding its market in 3C electronics, smart headphones, virtual/augmented reality, smart wearables, and smart home sectors, with new product mass production driving revenue growth[37]. - The company is developing several new products, including a PSA auxiliary material appearance inspection device and a fully automated assembly device for earphone covers, aimed at increasing market share and revenue[65]. - The company is focusing on expanding its market presence through new product development and technological advancements[87]. - The company is actively exploring potential mergers and acquisitions to further strengthen its market position[87]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[141]. Research and Development - The company aims to enhance its R&D capabilities and strengthen cost control to seize development opportunities in a challenging market environment[29]. - Research and development expenses increased by 56.52% year-on-year to 90,251,415.30 CNY, reflecting the company's commitment to enhancing R&D investment and expanding personnel[64]. - The number of R&D personnel increased by 23.12% to 245, with a notable rise in the proportion of personnel holding bachelor's degrees to 81[67]. - The company has completed several R&D projects aimed at enhancing product performance and production efficiency, which are expected to boost competitiveness and revenue[65]. - The company plans to increase R&D investment to develop differentiated products and services, particularly in new fields like renewable energy and smart wearables[99]. Corporate Governance - The company has a robust governance structure, with clear responsibilities among the board, supervisory board, and management[113]. - The company maintains independent operations in business, personnel, assets, institutions, and finance, ensuring no interference from the controlling shareholder[120]. - The company has established a complete independent financial accounting system, with no shared bank accounts with shareholders or related parties[123]. - The company has implemented a scientific and fair performance evaluation system for employees to enhance management performance[118]. - The company has a complete control and ownership of its assets, ensuring independence from the controlling shareholder[121]. Shareholder Engagement and Returns - The company reported a cash dividend of 12.00 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[5]. - The cash dividend accounted for 100% of the distributable profit of RMB 575,499,010.75 for the reporting period[157]. - Shareholder returns are expected to increase, with a proposed dividend of $0.50 per share for the upcoming quarter[140]. - The company distributed cash dividends of RMB 10 per 10 shares and issued 8 additional shares for every 10 shares held, effective June 2, 2021[169]. Environmental and Social Responsibility - The company has implemented a comprehensive environmental management system, achieving certifications such as ISO14001 and ISO45001[173]. - The company actively participated in social responsibility initiatives, including a donation of RMB 1 million for scholarships and support for local community services[174]. - The company emphasizes employee rights protection, adhering to labor laws and ensuring a safe working environment[170]. - The company has committed to sustainable development by reducing energy consumption and pollution emissions[173]. Financial Management and Compliance - The company has established a comprehensive internal control system that effectively covers major aspects of its operations, ensuring risk management and sustainable development[161]. - There were no significant internal control deficiencies identified during the reporting period, indicating effective internal governance[162]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[168]. - The company has not reported any major environmental issues or administrative penalties during the reporting period[168]. Operational Efficiency - The company has implemented lean management practices to enhance cost control and improve product competitiveness[41]. - The company is addressing intensified market competition by enhancing product quality, production efficiency, and developing new products[108]. - The company has established a competitive compensation policy, ensuring employee welfare through various benefits and support measures[152]. Risk Management - The company faces risks from macroeconomic downturns, including the impact of the ongoing global pandemic and geopolitical tensions[103]. - The company is monitoring raw material price fluctuations, which have been rising due to supply constraints and high demand since 2021[107]. - The company has established a multi-level risk prevention mechanism to address environmental risks associated with production processes[173].

Revenue and Profitability - Revenue for Q3 2021 reached ¥304,953,006.02, an increase of 14.88% year-over-year, and a total of ¥899,030,387.66 for the year-to-date, reflecting a growth of 40.66%[2] - Net profit attributable to shareholders for Q3 2021 was ¥68,759,617.57, up 9.95% compared to the same period last year, with a year-to-date total of ¥173,241,040.73, representing a 15.14% increase[2] - Total operating revenue for the first nine months of 2021 reached ¥899,030,387.66, a 40.66% increase compared to ¥639,150,676.93 in the same period of 2020, driven by new customer and product development[8] - Total operating revenue for Q3 2021 reached ¥899,030,387.66, an increase of 40.6% compared to ¥639,150,676.93 in Q3 2020[19] - Net profit for Q3 2021 was ¥173,241,040.73, representing a 15.1% increase from ¥150,465,054.45 in Q3 2020[20] - The total comprehensive income for the period reached CNY 173,251,624.41, compared to CNY 150,460,722.17 in the previous period, reflecting an increase of approximately 15.5%[21] Earnings Per Share - Basic earnings per share for Q3 2021 was ¥0.73, a decrease of 54.38% year-over-year, while diluted earnings per share also stood at ¥0.73, reflecting the same decline[2] - Basic and diluted earnings per share were both CNY 2.67, down from CNY 3.84 in the previous period, indicating a decrease of about 30.5%[21] Assets and Equity - Total assets as of the end of Q3 2021 amounted to ¥3,263,961,600.14, a significant increase of 196.10% compared to the end of the previous year[2] - Shareholders' equity attributable to the parent company reached ¥3,018,828,113.60, marking a 251.53% increase from the previous year-end[2] - The equity attributable to shareholders increased to ¥3,018,828,113.60 from ¥858,765,950.82, a growth of 251.5%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥175,871,964.18, showing a growth of 26.43%[2] - The company reported a significant increase in cash flow from operating activities, reflecting improved operational efficiency[20] - Cash inflow from operating activities totaled CNY 1,021,938,921.22, compared to CNY 643,695,204.61 in the previous period, marking an increase of about 58.8%[23] - The net cash flow from investing activities was -¥817,533,517.20, a 167.27% increase in outflow compared to -¥305,877,417.39, mainly due to increased purchases of financial products[9] - The net cash flow from financing activities surged to ¥2,012,439,593.28, a significant increase of 72,798.72% from -¥2,768,191.40, attributed to funds raised from the initial public offering[9] - The cash and cash equivalents at the end of the period amounted to CNY 1,657,266,119.83, compared to CNY 172,286,020.91 at the end of the previous period, showing a substantial increase[24] Expenses - Operating costs increased by 54.77% to ¥545,386,181.95 from ¥352,396,067.72, primarily due to the corresponding rise in revenue scale[8] - Management expenses increased by 76.15% to ¥66,866,251.63 from ¥37,959,547.63, mainly due to the growth in the company's operational scale[8] - Sales expenses grew by 60.61% to ¥46,670,728.77, driven by increased sales volume and operational expansion[8] - R&D expenses rose by 69.71% to ¥62,685,825.77, reflecting the company's commitment to expanding its business and increasing R&D investment[8] - Other income saw a substantial increase of 129.77% to ¥6,237,324.57, primarily due to higher government subsidies received[8] Inventory and Liabilities - Inventory levels increased by 52.68% as a result of delays in customer orders and the global chip shortage[6] - Total liabilities were ¥245,133,486.54, slightly up from ¥243,538,147.00 in the previous year[16] Strategic Developments - The company plans to continue expanding its industrial parks and investing in new projects, contributing to future growth[7] - The company established a wholly-owned subsidiary, Shenzhen Ruichuang Future Investment Co., Ltd., with an investment of ¥50 million as part of its strategic planning[13] Other Information - The third-quarter report was not audited, indicating that the figures presented are subject to further verification[26] - The company did not adjust the beginning balance sheet items due to the new leasing standards implemented from January 1, 2021, which did not significantly impact financial status or cash flows[25]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 594,077,381.64, representing a 58.98% increase compared to CNY 373,686,864.65 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 104,481,423.16, an increase of 18.82% from CNY 87,930,098.03 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 103,623,364.00, which is a 26.41% increase compared to CNY 81,974,946.87 in the same period last year[22]. - The net cash flow from operating activities was CNY 140,484,195.06, up 23.40% from CNY 113,848,546.54 in the previous year[22]. - Total assets at the end of the reporting period reached CNY 3,169,989,568.97, a 187.58% increase from CNY 1,102,304,097.82 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 2,951,492,766.11, reflecting a 243.69% increase from CNY 858,765,950.82 at the end of the previous year[22]. - Basic earnings per share decreased by 8.00% to CNY 2.07 from CNY 2.25 in the previous year[22]. - The weighted average return on net assets was 6.60%, down 6.16% from 12.76% in the previous year[22]. Research and Development - The company is committed to continuous innovation and has invested in R&D to develop proprietary technology and products[40]. - Research and development investment surged by 92.80% to ¥40,785,005.08, reflecting the company's commitment to business expansion and innovation[58]. - The company collaborates with universities for R&D, focusing on advanced technologies such as deep learning for visual inspection systems[35]. - The company plans to increase R&D investment to ensure the continuous introduction of high-value-added products[94]. - The company actively invests in R&D, maintaining a high level of technical research input to enhance innovation and develop proprietary products[113]. Market Strategy and Customer Base - The company focused on expanding its market presence, particularly in the 3C electronics and smart home sectors, leading to the successful launch of new products[36]. - The company has established a strong customer base, including major global brands such as Apple, Amazon, and Samsung, enhancing its market position[39]. - The company aims to integrate its supply chain and enhance its global strategy to support sustainable growth[36]. - The company has accumulated a stable and high-quality customer base, including major clients such as Apple, Amazon, Google, and Samsung, enhancing its position in the supply chain[46]. - The company aims to continue developing new customers to drive sustained growth in performance[47]. Risk Management - The company has detailed risk factors and countermeasures in the report, which investors should pay attention to[6]. - The company faces risks from intensified market competition due to the rapid development of the consumer electronics industry, which has led to a low concentration in the low-end market[92]. - To mitigate risks, the company plans to optimize product structure, enhance product quality, and increase investment in technology research and development[92]. - The company is also exposed to risks from trade frictions and global industrial shifts, particularly with potential barriers to exports due to US-China trade tensions[93]. - The company has established a risk control mechanism to mitigate foreign exchange market risks, enhancing financial stability[87]. Financial Management and Capital Structure - The total amount of raised funds is CNY 2,038,096,865.89 after deducting issuance costs of CNY 154,919,190.11[74]. - The company has not changed the purpose of the raised funds during the reporting period[73]. - The company reported a total revenue of 2,592 million yuan for the first half of 2021, representing a growth of 21.17% compared to the previous period[87]. - The company has a significant proportion of shares held by domestic natural persons, accounting for 63.24% of the total shares[148]. - The company completed its initial public offering (IPO) on April 19, 2021, issuing 13,053,667 shares, increasing total share capital from 39,161,000 to 52,214,667 shares[150]. Quality Management - The company has implemented a modern management system and quality control measures, achieving multiple certifications including ISO9001:2015 and IATF16949:2016[53]. - The company has established a strong quality management system that covers the entire production process, ensuring reliable and high-quality products for customers[53]. - The company conducts biannual customer satisfaction surveys to assess various service dimensions, using the results to improve management practices[112]. Employee Management - The company emphasizes the importance of a skilled technical team, having established a comprehensive employee training and incentive system to attract and retain talent[48]. - The company has implemented a competitive compensation and incentive system to attract and retain talent, fostering a supportive work environment[110]. - The company prioritizes employee health and safety, conducting regular health checks and training to promote a safe workplace[111]. Operational Developments - The company has established a rapid response mechanism for market demand, enabling quick communication with clients and fast production of samples to meet customer needs[45]. - The company has developed advanced automation and AOI online detection processes to ensure high-quality production standards[53]. - The company has ongoing leases for employee dormitories, with one facility accommodating 85 units[134]. - The company is engaged in the construction of various facilities, including office buildings and dormitories, as part of its expansion strategy[142].

Financial Performance - The company's revenue for Q1 2021 was CNY 291,365,761.16, representing an increase of 82.37% compared to CNY 159,762,689.21 in the same period last year[9] - Net profit attributable to shareholders was CNY 54,728,823.56, up 54.60% from CNY 35,399,465.61 year-on-year[9] - The net profit after deducting non-recurring gains and losses was CNY 55,022,224.14, reflecting a 60.63% increase from CNY 34,254,467.73 in the previous year[9] - The basic earnings per share increased to CNY 1.40, a rise of 55.56% compared to CNY 0.90 in the same quarter last year[9] - The company reported a net profit of CNY 700,697,046.31, up from CNY 658,140,047.05, reflecting a growth of approximately 6.5%[35] - Net profit for the current period was ¥54,728,823.56, compared to ¥35,399,465.61 in the previous period, reflecting an increase of approximately 54.4%[42] - Operating profit for the current period was ¥64,838,329.40, compared to ¥41,727,463.43 in the previous period, an increase of about 55.4%[41] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,115,724,840.22, a 1.22% increase from CNY 1,102,304,097.82 at the end of the previous year[9] - The net assets attributable to shareholders reached CNY 913,557,858.86, which is a 6.38% increase from CNY 858,765,950.82 at the end of the last year[9] - Current assets decreased from CNY 724,098,351.58 to CNY 694,203,602.40, a decline of approximately 4.1%[32] - Total current liabilities decreased from CNY 241,431,338.75 to CNY 200,191,101.10, a decline of about 17.1%[34] - Total liabilities decreased from CNY 243,538,147.00 to CNY 202,166,981.36, a reduction of approximately 17.0%[34] - Owner's equity increased from CNY 858,765,950.82 to CNY 913,557,858.86, an increase of about 6.4%[35] Cash Flow - The net cash flow from operating activities was CNY 75,831,896.68, showing a slight increase of 2.82% from CNY 73,750,922.39 in the same period last year[9] - Cash flow from operating activities was ¥396,409,605.58, significantly higher than ¥222,337,988.56 in the previous period, indicating an increase of about 78.1%[46] - Total cash inflow from operating activities was ¥400,593,787.56, up from ¥250,125,847.26 in the previous year, indicating a growth of approximately 60%[47] - Cash outflow from operating activities totaled ¥324,761,890.88, compared to ¥176,374,924.87 in the same period last year, representing an increase of about 84%[47] - The net cash flow from investing activities was -¥86,839,111.13, an improvement from -¥254,642,271.90 in Q1 2020[47] - The cash and cash equivalents at the end of Q1 2021 were ¥278,387,947.72, down from ¥343,385,489.12 at the beginning of the period[48] Research and Development - Research and development expenses surged by 117.94% to ¥19,420,802.41, indicating a significant increase in investment in R&D[17] - Research and development expenses increased to ¥19,420,802.41 from ¥8,910,957.84, representing a growth of approximately 118.5%[41] Customer and Supplier Dynamics - The top five customers accounted for 63.78% of total revenue, down from 70.68% in the previous year, indicating a diversification in customer base[22] - The total procurement amount from the top five suppliers was ¥30,940,157.13, representing 20.30% of total procurement, showing a slight decrease from the previous year's 20.86%[22] Operating Costs and Expenses - Total operating costs amounted to ¥223,767,523.22, up from ¥118,504,928.51, indicating a rise of about 88.9%[41] - The company reported a significant increase in sales expenses by 37.15% to ¥13,113,667.74, driven by business expansion and talent acquisition[17] - Tax expenses for the current period were ¥10,092,661.07, compared to ¥6,317,352.28 in the previous period, reflecting an increase of approximately 59.5%[42]

Financial Performance - In 2020, the company's operating revenue reached ¥959,479,778.19, representing a 10.69% increase compared to ¥866,784,611.46 in 2019[17]. - The net profit attributable to shareholders decreased by 5.61% to ¥213,901,736.28 from ¥226,618,801.32 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥201,536,381.08, down 17.70% from ¥244,875,052.90 in 2019[17]. - The net cash flow from operating activities fell by 48.27% to ¥136,612,663.11, compared to ¥264,064,253.99 in 2019[17]. - The total assets increased by 45.54% to ¥1,102,304,097.82 at the end of 2020, up from ¥757,368,113.77 at the end of 2019[17]. - The net assets attributable to shareholders rose by 33.16% to ¥858,765,950.82 from ¥644,896,327.60 in 2019[17]. - The basic earnings per share decreased by 9.75% to ¥5.46, down from ¥6.05 in the previous year[17]. - The weighted average return on equity was 28.45%, a decrease of 17.58% from 46.03% in 2019[17]. - The company achieved a total sales revenue of 959.48 million yuan in 2020, representing a year-on-year growth of 10.69%[49]. - The net profit attributable to shareholders was 213.90 million yuan, a decrease of 5.61% compared to the previous year[49]. - The company's total assets reached 1,102.30 million yuan, an increase of 45.54% year-on-year, while net assets attributable to shareholders grew by 33.16% to 858.77 million yuan[49]. Cash Flow and Investments - The net cash flow from operating activities turned negative in Q4 at -2,498,752.97, a decline from 73,750,922.39 in Q1, indicating a significant cash flow challenge[19]. - Operating cash inflow decreased by 5.17% to ¥884,557,751.85 in 2020, while cash outflow increased by 11.85% to ¥747,945,088.74, resulting in a net cash flow of ¥136,612,663.11, down 48.27% year-on-year[77]. - Investment cash inflow increased by 36.00% to ¥1,131,871,675.28, while outflow rose by 44.90% to ¥1,315,537,668.30, leading to a net cash flow of -¥183,665,993.02, a 142.69% decline from the previous year[77]. - The company's cash and cash equivalents decreased by 120.70% to -¥54,885,717.07, reflecting significant changes in customer payment terms and increased accounts receivable[77]. Research and Development - The company focuses on R&D in the consumer electronics sector, developing functional and structural components, as well as automation equipment for 3C smart assembly[26]. - The company has a strong emphasis on independent R&D, with a dedicated team that continuously innovates and develops new products based on market trends and customer needs[32]. - Research and development investment amounted to 57.66 million yuan, up 29.27% year-on-year, accounting for 6.01% of total revenue[52]. - The company's R&D investment reached 57.66 million yuan in 2020, a year-on-year increase of 29.27%, accounting for 6.01% of operating revenue[73]. - The number of R&D personnel increased by 49.62% year-on-year, totaling 199 employees[73]. - The company aims to increase R&D investment to ensure the continuous launch of high-value-added products, maintaining competitive advantages and sustainable development[99]. Market and Sales - The company reported a significant increase in accounts receivable compared to the previous year, attributed to business expansion and longer settlement periods with clients[33]. - Domestic sales accounted for 52.57% of total revenue, with a significant increase of 55.11% year-on-year, while foreign sales decreased by 15.98%[58]. - The sales volume of consumer electronic functional devices increased by 41.44% year-on-year, reaching 279,519.87 thousand PCS in 2020[61]. - The production volume of consumer electronic functional devices grew by 57.52% year-on-year, totaling 313,250.64 thousand PCS in 2020[61]. - The company is actively expanding its overseas market presence, with a new subsidiary established in Vietnam to better serve clients[54]. - The company plans to enhance its market development by targeting leading terminal brand customers and providing solutions for EMS factories, thereby increasing customer stickiness[98]. Corporate Governance and Compliance - The company has established a solid corporate governance structure, ensuring efficient operations and collaboration across departments[40]. - The company has committed to avoiding non-standard audit reports and has adhered to relevant accounting policies and estimates[132]. - The company has ensured compliance with regulations regarding related party transactions and has committed to fair pricing in such transactions[130]. - The company has established measures to publicly disclose reasons for any unfulfilled commitments and will apologize to shareholders[127]. - The company has committed to strictly fulfill all public commitments made during its initial public offering and actively accept social supervision[128]. Future Outlook and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12% based on current market trends[123]. - New product launches are expected to contribute an additional 200 million RMB in revenue, with a focus on smart electronics and IoT devices[123]. - The company is considering strategic acquisitions to bolster its market position, with a budget of up to 300 million RMB for potential targets[123]. - The company plans to enhance its digital marketing strategy, aiming for a 50% increase in online sales channels by the end of 2021[195]. - The management emphasized the importance of sustainability, committing to reduce carbon emissions by 25% over the next five years[123]. Shareholder Returns - The company plans to distribute a cash dividend of ¥10 per 10 shares, with a capital reserve conversion of 8 shares for every 10 shares held[5]. - The company declared a cash dividend of 52,214,667.00, representing 24.41% of the net profit attributable to ordinary shareholders for the year 2020[119]. - The company has a stable profit distribution policy, ensuring reasonable returns for investors while considering sustainable development[111]. - The company has committed to actively implementing a dividend policy as outlined in its three-year dividend return plan, emphasizing shareholder returns[125]. Risks and Challenges - The company faces risks from intensified market competition and potential trade barriers due to ongoing global trade tensions[103]. - The company acknowledges the impact of the COVID-19 pandemic on traditional consumer electronics but sees opportunities in the rapid innovation and iteration of products[95].