Financial Performance - The company's revenue for Q1 2023 was ¥315,388,505.23, a decrease of 2.49% compared to ¥323,436,073.71 in the same period last year[5] - Net profit attributable to shareholders for Q1 2023 was ¥18,374,230.50, an increase of 5.87% from ¥17,354,811.96 in Q1 2022[5] - Basic and diluted earnings per share decreased by 20.00% to ¥0.12 from ¥0.15 in the same period last year[5] - The net profit after deducting non-recurring items was CNY 15.22 million, a year-on-year decrease of 6.97%[16] - The gross profit margin for Q1 2023 was 17.29%, an increase of 0.86 percentage points compared to the previous year[17] - The company reported a net profit of 18.41 million yuan for the first quarter of 2023, reflecting ongoing operational adjustments[24] - Operating profit for the quarter was CNY 19,084,438.39, up from CNY 18,039,694.39, reflecting a growth of 5.79% year-over-year[25] - The company reported a total comprehensive income of CNY 18,828,138.50, compared to CNY 17,339,172.80 in Q1 2022, indicating a growth of 8.59%[25] Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥21,464,126.68, a 203.90% increase from a negative cash flow of ¥20,658,241.03 in the previous year[5] - The net cash flow from financing activities increased by 875.71% to ¥10,711,190.00, mainly due to increased bank borrowings[12] - The company’s cash flow from operating activities showed a net inflow of CNY 21,464,126.68, a turnaround from a net outflow of CNY 20,658,241.03 in the previous year[27] - Investment activities resulted in a net cash outflow of CNY 294,256,660.40, compared to CNY 16,502,733.83 in the same period last year[28] - The company received CNY 90,000,000.00 from investment recoveries during the quarter, which was not reported in the previous year[27] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥2,494,881,312.73, reflecting a 1.99% increase from ¥2,446,282,124.22 at the end of the previous year[5] - The company's total liabilities as of March 31, 2023, were 787.92 million yuan, compared to 758.15 million yuan at the beginning of the year[23] - The company's cash and cash equivalents decreased by 38.71% to ¥314,305,000.00 due to investments in structured deposits[10] - Cash and cash equivalents at the end of the period totaled CNY 272,014,359.94, a decrease from CNY 28,690,712.94 at the end of Q1 2022[28] Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 16,411[14] - The largest shareholder, Li Jilin, holds 21.65% of the shares, totaling 32,720,000 shares[14] - The company has a total of 115,300,357 restricted shares, with 1,950,389 shares released during the period[15] - The company granted 1.94 million shares of restricted stock to 50 incentive targets as part of its 2023 incentive plan[19] Operational Insights - The revenue from the new energy PCB business maintained growth, while the domestic communication PCB business revenue decreased by 18.55% year-on-year due to insufficient demand and intensified competition[16] - The company recorded a 34.52% increase in selling expenses to ¥5,151,800.00, driven by higher personnel costs and market expansion efforts[11] - The company incurred R&D expenses of CNY 14,860,016.50, slightly up from CNY 14,289,412.19 year-over-year[25] Challenges and Future Outlook - The company faces challenges from potential economic recession, geopolitical tensions, and high inflation impacting market demand[16] - The company has approved an investment of 2.34 billion yuan for the PCB expansion project, acquiring approximately 63 acres of land[18] - The company has successfully completed the acquisition of land use rights for 41,953.95 square meters at a cost of 39.65 million yuan[18]

Financial Performance - The company's operating revenue for 2022 was ¥1,496,492,771.10, representing a 12.73% increase compared to ¥1,327,528,136.84 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥140,973,111.66, a 40.57% increase from ¥100,285,721.47 in 2021[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥133,288,937.95, up 42.46% from ¥93,563,221.01 in 2021[19]. - The total assets at the end of 2022 reached ¥2,446,282,124.22, a 63.55% increase from ¥1,495,705,887.54 at the end of 2021[19]. - The net assets attributable to shareholders increased by 217.93% to ¥1,688,129,929.18 from ¥530,968,105.61 at the end of 2021[19]. - The basic earnings per share for 2022 was ¥1.12, reflecting a 27.27% increase from ¥0.88 in 2021[19]. - The gross profit margin for PCB was 17.59%, an increase of 0.78 percentage points year-on-year[73]. - The company's gross profit margin for 2022 was 20.46%, an increase of 1.13 percentage points compared to the previous year[64]. - The net cash flow from operating activities decreased by 38.88% to ¥63,716,677.47 from ¥104,242,679.32 in 2021[19]. - The total cash inflow from financing activities surged by 504.82% to ¥1,256,422,892.45, mainly due to funds raised from the initial public offering[95]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares to all shareholders, based on a total share capital of 151,139,968 shares as of December 31, 2022[4]. - The company has no plans for bonus shares distribution in the current profit distribution proposal[4]. - The annual shareholders meeting had an investor participation rate of 88.52% on March 18, 2022[168]. - The first extraordinary shareholders meeting in 2022 had a participation rate of 42.43% on October 13, 2022[168]. - The total shares held by the board members at the end of the reporting period was 44,740,000 shares, unchanged from the beginning of the period[170]. Risks and Challenges - The company has identified potential risks including intensified market competition, fluctuations in raw material prices, exchange rate volatility, and the inability to absorb new production capacity[4]. - The company faces competitive challenges due to a relatively narrow product range and lower production capacity compared to industry leaders, impacting its market scale[56]. - The company faces intensified market competition risks due to potential economic recession, geopolitical uncertainties, and high inflation, which may lead to price wars and lower profit margins[139]. - Raw material prices significantly impact product costs, with fluctuations in copper prices potentially affecting profitability if prices rise in 2023[141]. Market Position and Industry Trends - The company ranked 48th in the 2021 Comprehensive PCB Top 100 and 26th in the Domestic PCB Top 100 according to CPCA[32]. - The global PCB industry output value for 2022 is projected to be $81.741 billion, with a year-on-year growth of 1.01%[31]. - The global PCB industry is expected to decline by 4.13% in 2023, but is projected to grow by 20.37% to reach USD 98.39 billion by 2027[130]. - China's new energy vehicle sales are expected to exceed 9 million units in 2023, representing a year-on-year growth of over 30%[131]. - The market share of the top 100 PCB companies in China reached 96.7% in 2021, indicating a trend towards increased industry concentration[129]. Research and Development - The company invested CNY 71.49 million in R&D, accounting for 4.78% of total revenue, an increase of 0.45 percentage points year-on-year[69]. - The company plans to invest 200 million RMB in R&D for new technologies over the next two years, focusing on sustainable electronics[178]. - The company aims to apply for no less than 50 patents in 2023, focusing on innovations in PCB technology for new energy vehicles and related applications[136]. - The company has accumulated 106 patent authorizations, including 21 invention patents, enhancing its competitive edge in technology[61]. - The company applied for 57 patents in 2022, including 48 invention patents, and received 28 patent authorizations[69]. Production and Capacity - The company has a future development plan that includes a project with an annual production capacity of 1.2 million square meters for high-density interconnection printed circuit boards[11]. - The company has committed to a project with an annual production capacity of 4 million square meters of high-density interconnect and rigid-flex printed circuit boards[120]. - The company has added 600,000 square meters of rigid board production capacity in 2022, which remains underutilized due to insufficient market demand, with additional HDI board capacity expected in 2023[145]. - The company employs a "make-to-order" production model, aligning production with customer demand to enhance efficiency and reduce inventory costs[51]. Corporate Governance - The board of directors was adjusted from nine to seven members, with non-independent directors reduced from six to four, complying with relevant laws and regulations[153]. - The supervisory board consists of three members, including one employee supervisor, meeting legal requirements[155]. - The company maintains independence in assets, personnel, finance, organization, and business from its controlling shareholders[160]. - The company has established an independent internal organizational structure, ensuring efficient operation without interference from controlling shareholders[165]. Financial Management and Fund Utilization - The company raised a total of RMB 101,605.28 million through its initial public offering, with a net amount of RMB 101,605.28 million after deducting related expenses[116]. - As of December 31, 2022, the company has utilized RMB 38,757.09 million of the raised funds, leaving RMB 63,317.06 million unutilized[117]. - The company has committed to using the unutilized funds for the development of its main business operations[116]. - The company has not reported any changes in the shareholding of its directors and senior management during the reporting period[170]. Strategic Initiatives - The company plans to invest RMB 2.34 billion to expand its Qingyuan production base, aiming to complete the construction of the main factory and supporting facilities by the end of 2023[135]. - The company will enhance its marketing capabilities in the new energy sector, focusing on battery management system (BMS) PCBs and expanding its customer base in electric vehicle components[134]. - The company plans to accelerate the construction of its HDI board production line to increase overall capacity and diversify product offerings[135]. - The company is exploring potential mergers and acquisitions to enhance its market presence, targeting companies with complementary technologies[178].

1 股票代码：301282 股票简称：金禄电子 公告编号：2023-030 金禄电子科技股份有限公司 关于举行2022年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 金禄电子科技股份有限公司（以下简称"公司"）《2022年年度报告》及其摘要于2023 年3月30日在巨潮资讯网上披露，为了让广大投资者进一步了解公司2022年度经营情况， 公司定于2023年4月7日（星期五）下午15:00至17:00在价值在线平台举行2022年度业绩 说明会。本次年度业绩说明会将采用网络远程的方式举行，投资者可通过访问网址 https://eseb.cn/13dS8dfcdMY或使用微信扫描下方小程序码参与本次年度业绩说明会的 互动交流。 出席本次年度业绩说明会的人员有：公司董事长兼总经理李继林先生、独立董事汤 四新先生、董事会秘书陈龙先生、财务总监黄琳玲女士、保荐代表人李勇先生（如遇特 殊情况，出席人员将进行调整）。 为充分尊重投资者、提升交流的针对性，现就公司本次年度业绩说明会提前向投资 者公开征集问题，广泛听取投资者的意见和建议。投资者可于2023年4 ...

Company Overview - Jinlu Electronics specializes in the research, production, and sales of printed circuit boards (PCBs), particularly focusing on the automotive electronics sector since 2016 [1] - The company has established a broad customer base within the new energy vehicle industry, including vehicle manufacturers and Tier 1 suppliers [1] Financial Performance - In the first three quarters of 2022, the company achieved a revenue of CNY 1.127 billion, representing a year-on-year growth of 18.87% [1] - The proportion of multi-layer board revenue in the main business income increased to 68.05%, up by 5.72 percentage points year-on-year [1] - The gross profit margin for the first three quarters was 20.61%, an increase of 6.07 percentage points year-on-year [1] Gross Margin Trends - Since the second quarter of 2022, the gross margin has shown a monthly upward trend, reaching 22.95% in the third quarter, which is a 2.20 percentage point increase from the second quarter [2] - In September 2022, the monthly gross margin peaked at 25.07%, up by 5.74 percentage points compared to 2021 [2] - The net profit for the first three quarters was CNY 98.24 million, reflecting a year-on-year increase of 35.90% [2] Production Capacity - As of the end of 2021, the company's production capacity was 2.2 million square meters, with plans to increase it to 2.7 million square meters in 2022 through new projects [2] Product Applications - The company's PCBs are utilized in energy storage battery management systems, with major clients including Pylon Technologies [2] - The value of PCBs in traditional vehicles is approximately CNY 500-600, while in smart electric vehicles, it can reach CNY 1,500-1,700, which is three times that of traditional vehicles [3] Revenue Composition - PCB revenue from automotive applications exceeds 50%, with 40-50% of that coming from new energy vehicle systems and charging stations [3] - In 2021, sales through trading partners accounted for 42.33% of total sales, primarily in automotive and industrial control sectors [3]

Group 1: Company Overview - Jinlu Electronics specializes in the research, production, and sales of printed circuit boards (PCBs), particularly focusing on the automotive electronics sector [1] - The company entered the new energy automotive PCB market in 2016, targeting applications such as battery management systems (BMS) and gradually expanding to include motor controllers and charging systems [1] Group 2: Financial Performance - In the first three quarters of 2022, the company achieved a revenue of 1.127 billion yuan, representing a year-on-year growth of 18.87% [1] - The proportion of multi-layer board revenue in the main business income was 68.05%, an increase of 5.72 percentage points year-on-year [1] - The gross profit margin for the first three quarters of 2022 was 20.61%, up by 0.99 percentage points year-on-year [2] Group 3: Market Dynamics - The gross profit margin has shown a steady increase since the second quarter of 2022, with the third quarter margin reaching 22.95%, a rise of 2.20 percentage points from the previous quarter [2] - The demand for PCBs in the "three electric systems" of new energy vehicles is significant, with the PCB value per vehicle estimated at 600-800 yuan [3] Group 4: Future Plans and Capacity Expansion - The company aims to increase the revenue share of automotive PCBs to over 60% by 2025, with current automotive PCB revenue accounting for over 50% of total revenue [4] - As of the end of 2021, the company's production capacity was 2.2 million square meters, projected to reach 2.7 million square meters in 2022 following the launch of new production lines [4]

Financial Performance - The company's revenue for Q3 2022 was ¥380,776,717.08, representing a 2.41% increase compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥39,387,859.36, a significant increase of 52.41% year-on-year[5]. - The basic earnings per share for Q3 2022 was ¥0.31, reflecting a 34.78% increase compared to the same period last year[5]. - In the first three quarters of 2022, the company achieved operating revenue of CNY 1,126,649,662.93, representing a year-on-year growth of 18.87%[18]. - Net profit for the first three quarters was CNY 98,236,300, a year-on-year increase of 35.90%[18]. - The total revenue for Q3 2022 was approximately ¥644.28 million, an increase from ¥552.30 million in Q3 2021, representing a growth of about 16.66%[26]. - The net profit for Q3 2022 reached ¥98.24 million, compared to ¥72.29 million in the same period last year, marking an increase of approximately 36.00%[24]. - The total comprehensive income for Q3 2022 was ¥98.57 million, compared to ¥72.26 million in Q3 2021, reflecting an increase of approximately 36.43%[24]. Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥2,539,614,908.51, marking a 69.79% increase from the end of the previous year[5]. - As of September 30, 2022, total assets amounted to CNY 2,539,614,908.51, compared to CNY 1,495,705,887.54 at the beginning of the year[20]. - Current assets totaled CNY 1,768,446,088.35, significantly up from CNY 753,212,840.57 at the beginning of the year[20]. - The company's total liabilities decreased to CNY 894,027,305.71 from CNY 964,737,781.93 at the beginning of the year[21]. - The company's equity attributable to shareholders reached CNY 1,645,587,602.80, up from CNY 530,968,105.61 at the beginning of the year[21]. Cash Flow - Cash flow from operating activities for the year-to-date period decreased by 10.86% to ¥27,472,646.33[5]. - Cash flow from operating activities for the first three quarters was CNY 27,472,600, a decrease of 10.86% year-on-year[18]. - The operating cash flow for Q3 2022 was ¥27.47 million, slightly down from ¥30.82 million in Q3 2021, indicating a decrease of about 7.63%[26]. - The company reported a significant increase in cash and cash equivalents, rising by 1112.80% to ¥101,218,290.29, mainly due to funds raised from the IPO[11]. - The company reported a significant increase in cash and cash equivalents, ending Q3 2022 with ¥954.92 million, up from ¥49.67 million at the end of Q3 2021[27]. - The net cash flow from financing activities for Q3 2022 was ¥904.50 million, a significant increase from ¥27.91 million in Q3 2021[27]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,800[14]. - The largest shareholder, Li Jilin, holds 21.65% of the shares, totaling 32,720,000 shares[14]. - The second-largest shareholder, Mai Ruiming, holds 9.85% of the shares, totaling 14,890,000 shares[14]. - The company has a diverse shareholder base, with the top ten shareholders holding a combined total of 73.85% of the shares[14]. - The top ten shareholders include a mix of individual and institutional investors, with significant stakes held by domestic natural persons[14]. - The company is subject to lock-up agreements that may extend if certain stock price conditions are met[17]. - The largest restricted shareholder, Li Jilin, has 32,720,000 shares locked until August 26, 2025[16]. - The company has a total of 10,149,967 shares under initial public offering restrictions[17]. Expenses - The company reported a 40.35% increase in net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date period, totaling ¥93,314,986.44[5]. - The company's management expenses increased by 43.81% year-on-year, primarily due to expenses related to the IPO and increased salaries[12]. - The total operating expenses for Q3 2022 were ¥690.89 million, compared to ¥574.75 million in Q3 2021, indicating an increase of about 20.22%[26]. - Research and development expenses for the current period were CNY 52,194,767.17, compared to CNY 42,070,554.48 in the previous period[23]. Profitability Metrics - The gross profit margin for the first three quarters was 20.61%, an increase of 0.99 percentage points year-on-year, with the third quarter gross profit margin reaching 22.95%, up 2.20 percentage points from the second quarter[18]. - The proportion of multi-layer board revenue in the main business income was 68.05%, an increase of 5.72 percentage points year-on-year, with a third quarter share of 72.38%, up 6.07 percentage points from the second quarter[18]. - Basic and diluted earnings per share for Q3 2022 were both ¥0.84, up from ¥0.64 in Q3 2021, representing a growth of about 31.25%[24]. Other Financial Activities - The company raised ¥1.04 billion through investment activities in Q3 2022, compared to no funds raised in the same period last year[27]. - The company experienced a foreign exchange gain of approximately ¥3.58 million in Q3 2022, compared to a loss of ¥0.89 million in Q3 2021[27]. - The company experienced a 210.83% increase in accounts receivable, attributed to increased sales and domestic customer credit terms being longer than those for overseas customers[11].