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智迪科技(301503) - 2024 Q3 - 季度财报
2024-10-28 11:11
Financial Performance - The company's revenue for Q3 2024 reached ¥419,007,350.12, representing an increase of 85.17% compared to the same period last year[2] - Net profit attributable to shareholders was ¥25,005,830.96, up 67.24% year-on-year, while the net profit excluding non-recurring items was ¥24,611,934.82, an increase of 69.12%[2] - The company's basic earnings per share for Q3 2024 was ¥0.31, a rise of 55.00% compared to the same period last year[2] - The company's operating revenue for the first nine months of 2024 reached ¥961,330,293.12, representing a 51.20% increase compared to ¥635,820,432.98 in the same period of 2023[6] - Net profit for the period was CNY 67,853,631.50, representing a 39.2% increase from CNY 48,753,619.52 in the same period last year[18] - The company recorded a total comprehensive income of CNY 68,195,137.44, compared to CNY 48,773,510.98 in the previous year[18] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥1,548,742,734.86, reflecting a growth of 17.11% from the end of the previous year[2] - The total assets of Zhuhai Zhiditech Co., Ltd. reached approximately 1.55 billion, an increase from 1.32 billion at the beginning of the period, reflecting a growth of about 17.5%[15] - The total liabilities increased to approximately 532.04 million from 330.01 million, an increase of about 61.3%[16] - The company's equity attributable to shareholders increased to approximately 1.02 billion from 994.10 million, reflecting a growth of about 2.9%[16] - The company’s total liabilities and equity reached CNY 1,548,742,734.86, reflecting a strong financial position[17] Cash Flow - Cash flow from operating activities showed a net outflow of ¥2,852,026.86, a significant decline of 102.96% year-on-year[2] - The net cash flow from operating activities for the first nine months of 2024 was -¥2,852,026.86, a decrease of 102.96% compared to ¥96,337,222.31 in the same period of 2023[7] - The net cash flow from investing activities was -¥51,408,595.29, a decline of 83.30% from -¥307,839,149.25 in the previous year[7] - The net cash flow from financing activities decreased by 113.88% to -¥68,781,643.78, compared to ¥495,414,457.07 in the same period of 2023, mainly due to cash dividends paid[7] - The company's cash and cash equivalents at the end of September 2024 amounted to ¥167,866,490.57, down 52.59% from ¥354,054,422.12 at the end of September 2023[7] - The ending cash and cash equivalents balance was CNY 167,866,490.57, down from CNY 354,054,422.12 in the previous period[20] Operational Metrics - Operating costs increased by 51.71% to ¥788,552,350.28 from ¥519,783,893.37, primarily due to the growth in operating revenue[6] - Research and development expenses rose by 44.55% to ¥43,426,375.01, up from ¥30,043,187.68, reflecting the company's ongoing commitment to R&D[6] - The company experienced a significant increase in credit impairment losses, which rose by 585.87% to -¥10,422,402.48 from -¥1,519,587.08, attributed to the growth in accounts receivable[6] - The company reported a gross profit margin of approximately 9.1%, compared to 10.5% in the previous period[17] Shareholder Information - The company has a total of 10,717 ordinary shareholders at the end of the reporting period, with the top two shareholders holding 30.29% and 29.11% of the shares respectively[10] - The number of restricted shares released on July 17, 2024, was 12,480,000, accounting for 15.60% of the total share capital[13] - Zhuhai Zhiditech plans to reduce its shares by up to 800,000, which is not more than 1.00% of the total share capital, between September 4 and December 3, 2024[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18]
智迪科技:第三届董事会第十五次会议决议公告
2024-10-28 11:08
证券代码:301503 证券简称:智迪科技 公告编号:2024-037 (一)审议通过《关于2024年第三季度报告的议案》 经审议,董事会认为:公司《2024年第三季度报告》的编制和审议程序符合 中国证监会、深圳证券交易所的各项规定,报告内容真实、准确、完整地反映了 公司2024年第三季度的实际经营情况,不存在任何虚假记载、误导性陈述或重大 遗漏。 具体内容详见公司同日在巨潮资讯网(www.cninfo.com.cn)披露的《2024 年第三季度报告》。 珠海市智迪科技股份有限公司 第三届董事会第十五次会议决议公告 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。 一、董事会会议召开情况 珠海市智迪科技股份有限公司(以下简称"公司")第三届董事会第十五次 会议通知于2024年10月21日以电子邮件方式发出,会议于2024年10月25日在公司 五楼会议室以现场结合通讯表决方式召开。本次会议为临时会议,会议由公司董 事长谢伟明主持,会议应参加董事7人,实际参加会议的董事7人,其中独立董事 周德元、杨国梅、陈洪川以通讯表决方式出席会议,公司部分监事、高级管理人 员列席 ...
智迪科技:关于增加部分闲置自有资金进行现金管理额度的公告
2024-10-28 11:08
证券代码:301503 证券简称:智迪科技 公告编号:2024- 040 珠海市智迪科技股份有限公司 关于增加部分闲置自有资金进行现金管理额度的公 告 公司于2024年8月28日召开第三届董事会第十四次会议及第三届监事会第十 三次会议,审议通过了《关于增加部分闲置自有资金进行现金管理额度的议案》, 同意公司增加3,000万元闲置自有资金进行现金管理,本次增加额度后,公司自有 资金进行现金管理的额度将调整为不超过12,000万元,使用期限为本次董事会审 议通过之日起至2025年5月21日,在上述额度及使用期限内资金可以循环滚动使 用,并授权公司管理层在上述有效期及资金额度内行使该项投资决策权并签署相 关合同及文件,具体事项由公司财务部组织实施。具体内容详见公司2024年8月 30日在巨潮资讯网(www.cninfo.com.cn)上披露的《关于增加部分闲置自有资金 进行现金管理额度的公告》。 二、本次增加自有资金进行现金管理额度的具体情况 (一)投资目的 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.投资产品类型:商业银行、证券公司等金融机 ...
智迪科技:关于2024年第三季度计提资产减值准备的公告
2024-10-28 11:08
证券代码:301503 证券简称:智迪科技 公告编号:2024-041 珠海市智迪科技股份有限公司 关于2024年第三季度计提资产减值准备的公告 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。 根据《企业会计准则》《深圳证券交易所创业板股票上市规则》《深圳证券交易 所上市公司自律监管指引第2号——创业板上市公司规范运作》及珠海市智迪科 技股份有限公司(以下简称"公司")会计政策的相关规定,为客观、真实、准确 地反映公司2024年第三季度的财务状况、资产价值及经营情况,公司基于谨慎性 原则,对各类资产进行减值测试,并对可能发生减值的资产计提了减值准备。现 将具体情况公告如下: 一、本次计提资产减值准备情况概述 本着谨慎性原则,公司对合并报表范围内截至2024年9月30日的应收票据、应 收账款、其他应收款、长期应收款、存货等相关资产进行了清查,并按资产类别 进行了减值测试,判断存在可能发生减值的迹象,对其中存在减值迹象的资产相 应计提减值损失。 2024年7月1日至9月30日公司合并报表口径计提信用减值损失和资产减值 损失合计为7,524,862.17元,各项减值 ...
智迪科技:第三届监事会第十四次会议决议公告
2024-10-28 11:08
第三届监事会第十四次会议决议公告 本公司及监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。 一、监事会会议召开情况 珠海市智迪科技股份有限公司(以下简称"公司")第三届监事会第十四次 会议通知于2024年10月21日以电子邮件方式发出,会议于2024年10月25日在公司 五楼会议室以现场结合通讯表决方式召开,应出席会议的监事3名,实际出席会 议的监事3名。本次会议由监事会主席凌秋香主持。会议的召开符合有关法律、 行政法规、部门规章、规范性文件和《公司章程》的有关规定。 二、监事会会议审议情况 证券代码:301503 证券简称:智迪科技 公告编号:2024-038 珠海市智迪科技股份有限公司 表决结果:同意3票,反对0票,弃权0票。 (二)审议通过《关于增加部分闲置自有资金进行现金管理额度的议案》 经审议,监事会认为:公司在不影响正常经营且确保资金安全的情况下,增 加部分闲置自有资金进行现金管理额度,可以提高暂时闲置资金利用效率,获得 一定的投资收益,为公司及股东获取更多的投资回报。本次使用部分闲置自有资 金进行现金管理事项不存在损害公司以及全体股东特别是中小股东利益的情 ...
智迪科技(301503) - 关于参加广东辖区2024年投资者网上集体接待日活动的公告
2024-09-09 09:34
证券代码:301503 证券简称:智迪科技 公告编号:2024-036 珠海市智迪科技股份有限公司 关于参加广东辖区 2024 年投资者 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。 为进一步加强与投资者的互动交流,珠海市智迪科技股份有限公司(以下简 称"公司")将参加由广东证监局、广东上市公司协会联合举办的"坚定信心 携 手共进 助力上市公司提升投资价值——2024广东辖区上市公司投资者关系管理 月活动投资者集体接待日",现将相关事项公告如下: 本次活动将采用网络远程的方式举行,投资者可登录"全景路演"网站 (http://rs.p5w.net)参与本次互动交流,活动时间为2024年9月12日(星期四) 15:30-16:30。届时公司董事长、总经理谢伟明先生,董事、副总经理兼董事会秘 书常远博先生,财务总监余自然先生将在线就2024年半年度业绩、公司治理、发 展战略、经营状况和可持续发展等投资者关心的问题,与投资者进行沟通与交流, 欢迎广大投资者踊跃参与! 特此公告! 珠海市智迪科技股份有限公司董事会 2024 年 9 月 9 ...
智迪科技:2024年半年度非经营性资金占用及其他关联资金往来情况汇总表
2024-08-29 09:07
公司负责人:谢伟明 主管会计工作的负责人:余自然 会计机构负责人:周结欢 总计 —— —— —— 21759.03 16,071.26 13,414.73 24,415.55 —— —— | | 资金占用方名 | 占用方与上市 | 上市公司核 | 2024 年期初占 | 2024 | 年半年度占用累计 | 2024 | 年半年度占用 | 2024 年半年度偿 | 2024 | 年半年度期末 | 占用形成 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 称 | 公司的关联关 | 算的会计科 | 用资金余额 | | 发生金额(不含 | | 资金的利 | 还累计 | | 占用资 | 原因 | 占用性质 | | | | 系 | 目 | | | 利息) | | 息(如有) | 发生额 | | 金余额 | | | | 控股股东、实际控 | 无 | | | | | | | | | | | | 非经营性占用 | | 制人及其附属企业 | | | | | | | | | ...
智迪科技:关于增加部分闲置自有资金进行现金管理额度的公告
2024-08-29 09:07
034 1.投资产品类型:商业银行、证券公司等金融机构的安全性高、流动性好的 现金管理产品。 2.投资额度:公司增加3,000万元闲置自有资金进行现金管理,本次增加额度 后,公司自有资金进行现金管理的额度将调整为不超过12,000万元。 3.特别风险提示:尽管购买的理财产品属于低风险投资品种,但金融市场受 宏观经济的影响较大,不排除该项投资受到市场剧烈波动的影响;公司将根据经 济形势以及金融市场的变化适时适量的介入,因此短期投资的实际收益不可预期。 敬请广大投资者注意投资风险。 珠海市智迪科技股份有限公司(以下简称"公司")于2024年4月25日召开 第三届董事会第十二次会议和第三届监事会第十一次会议,2024年5月22日召开 2023年年度股东大会,审议通过了《关于使用部分闲置募集资金和自有资金进行 现金管理的议案》,同意公司在确保不影响募集资金投资项目建设及正常生产经 营资金需求的前提下,使用不超过人民币30,000.00万元闲置募集资金(含超募资 金)和不超过人民币9,000.00万元闲置自有资金进行现金管理。在上述额度和期 限内,资金可以循环使用,使用期限自公司2023年年度股东大会审议通过之日起 1 ...
智迪科技:国泰君安证券股份有限公司关于珠海市智迪科技股份有限公司增加部分闲置自有资金进行现金管理额度的核查意见
2024-08-29 09:07
国泰君安证券股份有限公司 关于珠海市智迪科技股份有限公司 增加部分闲置自有资金进行现金管理额度的核查意见 根据《证券发行上市保荐业务管理办法》《深圳证券交易所创业板股票上市 规则》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》等有关 规定,国泰君安证券股份有限公司(以下简称"保荐人")作为珠海市智迪科技股 份有限公司(以下简称"智迪科技"或"公司")首次公开发行股票并在创业板上市 的保荐人,就公司增加部分闲置自有资金进行现金管理额度的事项进行了核查, 具体情况如下: 一、本次追加部分闲置自有资金进行现金管理的情况 (三)投资方式 公司将按照相关规定严格控制风险,对自有资金拟购买的现金管理产品进行 严格评估,拟购买安全性高、流动性好的现金管理产品,购买渠道包括但不限于 商业银行、证券公司等金融机构。不用于其他证券投资,不购买以股票及其衍生 品、无担保债券为投资标的产品。 (四)资金来源 1 本次进行现金管理的资金来源于公司暂时闲置自有资金,不涉及使用募集资 金或银行信贷资金。 (五)关联关系说明 公司拟向不存在关联关系的金融机构购买理财产品,本次使用部分闲置自有 资金进行现金管理不会构成关联交易 ...
智迪科技(301503) - 2024 Q2 - 季度财报
2024-08-29 09:07
Financial Performance - Revenue for the reporting period was 542.32 million yuan, a year-on-year increase of 32.42%[10] - Net profit attributable to shareholders of the listed company was 42.92 million yuan, a year-on-year increase of 25.72%[10] - Net cash flow from operating activities was -9.41 million yuan, a year-on-year decrease of 124.32%[10] - Basic earnings per share were 0.54 yuan, a year-on-year decrease of 5.26%[10] - Weighted average return on equity was 4.26%, a year-on-year decrease of 4.55%[10] - Revenue for the reporting period reached 542,322,943.00 yuan, a year-on-year increase of 32.42%[25] - Net profit attributable to shareholders of the listed company was 42,924,212.94 yuan, up 25.72% year-on-year[25] - Operating cash flow was -9,413,364.38 yuan, a decrease of 124.32% year-on-year, mainly due to increased R&D and employee compensation[31] - Net profit for the first half of 2024 reached 45.15 million yuan, a 26.3% increase compared to 35.75 million yuan in the same period last year[93] - Operating cash flow for the first half of 2024 was negative at -9.41 million yuan, a significant decline from 38.70 million yuan in the same period last year[95] - Total comprehensive income for the first half of 2024 was 45.15 million yuan, a 26.3% increase compared to 35.75 million yuan in the same period last year[94] Assets and Liabilities - Total assets at the end of the reporting period were 1.42 billion yuan, a year-on-year increase of 7.66%[10] - The company's total assets in Vietnam amounted to 298,162,900 RMB, accounting for 30.08% of the company's net assets[35] - Accounts receivable increased by 4.12% to 313,806,211.67 RMB, representing 22.04% of total assets[34] - Inventory rose by 1.55% to 173,636,773.94 RMB, accounting for 12.20% of total assets[34] - Total investment in the reporting period reached 509,043,574.20 RMB, a 6,882.15% increase compared to the same period last year[37] - Total assets increased to 1,423,819,255.87 RMB, up from 1,322,509,113.69 RMB in the previous period[84] - Long-term receivables rose to 734,596.60 RMB, compared to 711,551.70 RMB previously[84] - Fixed assets decreased slightly to 161,604,586.67 RMB from 165,471,702.16 RMB[84] - Construction in progress surged to 22,970,086.01 RMB, up from 7,408,348.85 RMB[84] - Total liabilities increased to 432,490,252.87 RMB, up from 330,006,720.48 RMB[85] - Accounts payable rose to 253,437,914.14 RMB, compared to 185,299,324.09 RMB previously[84] - Long-term equity investments increased to 53,570,720.20 RMB, up from 31,338,489.70 RMB[87] - Inventory grew to 105,612,212.75 RMB, compared to 91,564,092.79 RMB previously[87] - Total current liabilities increased to 339,432,362.50 RMB, up from 277,748,028.29 RMB[85] - Total non-current liabilities rose to 93,057,890.37 RMB, compared to 52,258,692.19 RMB previously[85] - Total liabilities as of the end of the first half of 2024 were 256,219,153.77 RMB, an 18.5% increase from 216,146,226.68 RMB at the end of the first half of 2023[88] - Accounts payable increased to 207,142,903.91 RMB in the first half of 2024, up 30.1% from 159,203,628.00 RMB in the same period of 2023[88] - The company's monetary funds decreased from 285,818,147.37 yuan to 214,440,685.27 yuan, a decrease of 24.9%[83] - Accounts receivable increased from 237,032,259.47 yuan to 313,806,211.67 yuan, an increase of 32.4%[83] - Inventory increased from 140,800,658.28 yuan to 173,636,773.94 yuan, an increase of 23.3%[83] - The total current assets increased from 1,057,860,196.56 yuan to 1,091,111,086.72 yuan, an increase of 3.1%[83] - The company's cash and cash equivalents decreased by 71.38 million yuan in the first half of 2024, ending with a balance of 214.44 million yuan[96] - Total cash and cash equivalents decreased by RMB 59.8 million in H1 2024, ending at RMB 193.0 million[98] Revenue Breakdown - Keyboard revenue increased by 17.33% to 211,437,668.19 RMB, with a gross margin of 20.31%[32] - Mouse revenue grew by 17.76% to 131,052,411.56 RMB, but gross margin decreased by 1.26% to 19.35%[32] - Keyboards and mice sets revenue surged by 80.35% to 157,260,194.43 RMB, with a gross margin of 12.96%[32] - Other products revenue skyrocketed by 232.61% to 33,361,665.22 RMB, with a gross margin of 37.87%[32] - Sales revenue from goods and services increased to RMB 408.9 million in the first half of 2024, up 15.9% from RMB 352.7 million in the same period of 2023[97] R&D and Innovation - R&D expenses amounted to 28,102,505.10 yuan, a year-on-year increase of 48.90%[25] - The company's R&D model is customer-oriented, focusing on forward-looking technology layout and customized product development based on customer requirements[23] - The company has over 20 years of experience in the keyboard and mouse manufacturing industry, with a strong focus on R&D innovation and production process innovation, and has established a competitive advantage in the market[24] - R&D expenses increased by 56.1% to 25.68 million yuan in the first half of 2024, up from 16.45 million yuan in the same period last year[93] - The company has upgraded magnetic axis keyboard products and developed PCR and environmentally friendly materials[26] - The company has introduced advanced intelligent manufacturing equipment, improving production efficiency and product quality[28] Market and Industry Trends - The global PC market showed a healthy growth trend in Q1 2024, with total shipments of desktops and laptops increasing by 2.9% year-on-year to 57 million units[15] - In Q2 2024, PC shipments increased by 3.1% year-on-year to 62.5 million units, marking the second consecutive quarter of year-on-year growth[15] - The company's market share continues to rise due to the recovery of the computer peripherals industry and the growth of AIPC[25] Production and Sales Models - The company's main products are computer peripherals, including mice and keyboards, which are divided into business office series and e-sports gaming series[16] - The company adopts a "production-to-order" procurement model, purchasing raw materials such as IC, PCB, switches, wires, plastic parts, and packaging materials based on customer orders[20] - The company's production model is "sales-to-production," organizing production based on customer orders and completing key processes such as precision processing, product assembly, and testing independently[21] - The company primarily sells keyboard and mouse products through the ODM model to internationally renowned computer and peripheral brands, with products exported to Europe, North America, and Japan[22] Risk Management - The company faces risks from rapid changes in downstream customer demand, particularly in the consumer electronics industry where product lifecycles are short and technology evolves quickly[49] - To mitigate risks, the company is investing in R&D, tracking industry trends, and expanding production capacity to meet customer demands[49] - The company is exposed to risks from fluctuating raw material prices, including IC, PCB, switches, wires, plastic parts, and packaging materials, which could impact gross margins[49][50] - The company plans to transfer rising raw material costs to downstream customers and optimize procurement to manage price volatility[50] - A significant portion of the company's revenue is settled in USD, making it vulnerable to RMB appreciation, which could negatively impact financial performance[50] - The company is monitoring global economic conditions and may engage in hedging activities to mitigate currency risks[50] - There is a risk of revenue growth falling short of expectations due to uncertain global economic recovery and fluctuating demand for consumer electronics[50] - The company is expanding its product portfolio, optimizing product structure, and improving operational efficiency to address potential revenue and gross margin risks[50] Investor Relations and Corporate Governance - The company has conducted multiple investor relations activities, including on-site and online meetings with institutional investors, to communicate its strategies and performance[51][53] - The company held its 2024 first extraordinary general meeting and 2023 annual general meeting with a 75% participation rate from investors[55] - The company implemented a 2023 annual equity distribution, distributing RMB 5.6 per 10 shares, totaling RMB 44.8 million in cash dividends[58] - The company's total share capital is 80,000,000 shares[58] - The company released its first bilingual (Chinese and English) 2023 Environmental, Social, and Governance (ESG) report, achieving a Wind ESG rating of A, ranking second among 35 peer companies[60] - The company donated to the Zhuhai Red Cross as part of its social responsibility initiatives[60] - The company has passed ISO9001, ISO14001, ISO45001, and QC080000 certifications, demonstrating its commitment to quality, environmental, and occupational health and safety management[59] - The company has established a "Future Three-Year (2024-2026) Shareholder Return Plan" to enhance the transparency and sustainability of its profit distribution policy[58] - The company conducted an environmental emergency drill and established a long-term environmental protection early warning mechanism[59] - The company actively promotes energy-saving renovations and improves energy efficiency as part of its sustainability efforts[60] - The company requires suppliers to sign a "Sunshine Agreement" to ensure fair and transparent procurement practices[59] - The company has not experienced any significant environmental violations or accidents during the reporting period[59] - The company has no significant related party transactions during the reporting period, including no related party transactions related to daily operations, asset or equity acquisitions, or joint external investments[62][63][64][65][66] Subsidiaries and Investments - The company's subsidiaries include Hong Kong Zhidi International Holdings Limited, Zhuhai Langguan Precision Mold Co., Ltd., Zhuhai Jierui Technology Co., Ltd., Zhuhai Longshi Technology Co., Ltd., and Vietnam Zhidi Technology Co., Ltd., with direct ownership ranging from 90% to 100%[113] - The company allocated 978.035 million yuan to increase capital and provide loans to its subsidiary, Vietnam Zhidi Technology Co., Ltd., for the expansion project of computer peripheral products[42] - As of June 30, 2024, the company's unused raised funds balance is 4,069.838 million yuan, with 1,069.838 million yuan in special accounts and 3,000 million yuan in cash management[42] - The company invested 49,000 million yuan in bank wealth management products using raised funds, with 30,000 million yuan still outstanding[45] - The company invested 6,000 million yuan in bank wealth management products using its own funds, with 3,000 million yuan still outstanding[45] Accounting and Financial Reporting - The company's financial reports were prepared in accordance with both Chinese and international accounting standards, with no significant differences[11] - The company's total non-recurring profit and loss for the first half of 2024 was 868,520.11, with an income tax impact of 150,398.15 and a minority interest impact of 907.44[13] - The financial statements are prepared in accordance with the Chinese Accounting Standards and the relevant regulations of the China Securities Regulatory Commission[114] - The company has assessed its ability to continue as a going concern for the next 12 months and found no significant doubts[115] - The company's accounting period follows the Gregorian calendar year, from January 1 to December 31[118] - The normal operating cycle of the company is 12 months, which is used as the standard for classifying assets and liabilities[119] - The functional currency for domestic subsidiaries is RMB, while Vietnam Zhidi Technology Co., Ltd. uses Vietnamese Dong, and Hong Kong Zhidi International Holdings Limited uses RMB[120] - The company has set materiality thresholds for significant individual bad debt provisions at RMB 1 million for receivables and RMB 500,000 for other receivables[121] - The company follows specific accounting policies for revenue recognition based on its actual production and operation characteristics[116] - The company's financial statements are prepared under the going concern assumption and comply with the requirements of the Chinese Accounting Standards and the China Securities Regulatory Commission[117] - The company has detailed accounting policies for both business combinations under common control and those not under common control, including the treatment of goodwill and deferred tax assets[122][123] - The company determines control over investees based on factors such as the purpose of the investee, decision-making authority, and the ability to influence returns[124] - Subsidiaries are included in consolidated financial statements from the date control is obtained and excluded from the date control is lost[124] - For subsidiaries disposed of, their operating results and cash flows are included in consolidated financial statements up to the disposal date[124] - Non-controlling interests in subsidiaries are separately presented in consolidated financial statements[124] - The company reclassifies remaining equity interests at fair value when control over a subsidiary is lost[125] - Joint arrangements are classified as either joint operations or joint ventures based on rights and obligations[126] - Cash and cash equivalents include cash on hand, demand deposits, and short-term, highly liquid investments[127] - Foreign currency transactions are initially recorded at the exchange rate on the transaction date[128] - Foreign currency monetary items are translated at the closing rate on the balance sheet date[129] - Foreign currency financial statements are translated using the closing rate for assets and liabilities, and the transaction date rate for equity items[129] - Financial assets are classified into three categories: measured at amortized cost, measured at fair value with changes in other comprehensive income, and measured at fair value with changes in current profit or loss[130] - Financial assets measured at amortized cost are managed with the objective of collecting contractual cash flows, and their subsequent measurement is based on the effective interest method[130] - Financial assets measured at fair value with changes in other comprehensive income are managed with the dual objective of collecting contractual cash flows and selling, and their fair value changes are recognized in other comprehensive income[130] - Financial assets measured at fair value with changes in current profit or loss include those not classified under the other two categories, and their fair value changes are recognized in current profit or loss[130] - Financial liabilities are classified into two categories: measured at fair value with changes in current profit or loss and other financial liabilities[131] - Financial liabilities measured at fair value with changes in current profit or loss include trading financial liabilities and those designated as such at initial recognition[131] - Other financial liabilities are measured at amortized cost, and gains or losses from termination or amortization are recognized in current profit or loss[131] - Financial assets are derecognized when the contractual rights to the cash flows expire, or when the risks and rewards of ownership are transferred[132] - Financial liabilities are derecognized when the present obligation is discharged, or when the terms are substantially modified[132] - The difference between the carrying amount of a derecognized financial liability and the consideration paid is recognized in current profit or loss[132] - The company measures loss provisions for accounts receivable without significant financing components based on the expected credit loss over the entire duration[138] - For accounts receivable with significant financing components, the company consistently measures loss provisions based on the expected credit loss over the duration[138] - The expected credit loss rates for accounts receivable are 5% for within 1 year, 10% for 1-2 years, 30% for 2-3 years, 50% for 3-4 years, 80% for 4-5 years, and 100% for over 5 years[138] - The company measures loss provisions for notes receivable based on the expected credit loss over the entire duration, with different combinations based on credit risk characteristics[136] - The expected credit loss rates for notes receivable are 5% for within 1 year, 10% for 1-2 years, 30% for 2-3 years, 50% for 3-4 years, 80% for 4-5 years, and 100% for over 5 years[137] - Other receivables are measured for expected credit loss based on whether the credit risk has significantly increased since initial recognition, with loss provisions measured over the next 12 months or the entire duration[140] - The expected credit loss rates for other receivables are 5% for within 1 year, 10% for 1-2 years, 30% for 2-3 years, 50% for 3-4 years, 80% for 4-5 years, and 100% for over 5 years[140] - The company classifies notes and accounts receivable with a maturity of one year or less from the initial recognition date as receivables financing, and those with a maturity of more than one year as other debt investments[139] - Contract assets are recognized when the company has fulfilled its performance obligations but has not yet received payment, and the right to payment is not unconditional[141] - Inventory is classified into raw materials, work-in-progress, semi-finished goods, finished goods, and goods in transit, with contract fulfillment costs also reported as inventory if the amortization period is within one year or one operating cycle[142] - Inventory is initially measured at actual cost, including purchase cost, processing cost, and other costs, and is subsequently measured using the monthly moving weighted average method