香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 China Display Optoelectronics Technology Holdings Limited 華顯光電技術控股有限公司 ( 於百慕達注冊成立之有限公司 ) (股份代號：334) （「本公司」） 董事名單與其角色和職能 自 2025 年 8 月 6 日起，本公司董事會（「董事會」）成員載列如下： 非執行董事 廖騫先生（ 主席 ） 執行董事 張鋒先生（ 首席執行官 ） 習文波先生 王新福先生 張才力先生 獨立非執行董事 徐慧敏女士 李揚先生 徐岩先生 陽秋林女士 董事會設立了三個董事委員會，下表列出各董事會成員在這些董事委員會中所擔任的職 能。 | | 委員會 | 審核委員會 | 提名委員會 | 薪酬委員會 | | --- | --- | --- | --- | --- | | 董事 | | | | | | 廖騫先生 | | | C | M | | 張鋒先生 | | | M | M | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Display Optoelectronics Technology Holdings Limited 華顯光電技術控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：334） 執行董事變更 華顯光電技術控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董 事」，各為一名「董事」）會（「董事會」）謹此宣佈本公司董事會的以下變更： 董事會欣然宣佈張先生已獲委任為執行董事，自二零二五年八月六日起生效，以填 補溫先生辭任所產生之臨時空缺。 張先生（原名為張才軍），43歲，畢業於西安交通大學，擁有應用物理學專業學學士學 位。彼於二零一零年加入TCL華星光電技術有限公司（「TCL華星」），並於二零一九 年十一月至二零二四年十二月期間任職多個職位，包括TCL華星t6及t7面板廠廠長、 量產整合廠廠長、生產製造中心副總經理及深惠基地總經理。張先生現為TCL華星 副總裁及製造中台總經 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Display Optoelectronics Technology Holdings Limited 華顯光電技術控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：334） 正面盈利預告 本公佈乃由華顯光電技術控股有限公司（「本公司」，連同其附屬公司，統稱「本集 團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及香港法 例第571章證券及期貨條例第XIVA部項下之內幕消息條文（定義見上市規則）而作 出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據董事會 現時可得資料及本公司管理層對未經審核綜合管理賬目之初步評估，本集團預期錄 得截至二零二五年六月三十日止六個月（「有關期間」）本公司母公司擁有人應佔溢利 不少於人民幣48.8百萬元，較截至二零二四年六月三十日止六個月本公司母公司擁 有人應佔溢利人民幣7.0百萬元增加不少於60 ...

公司名稱: 華顯光電技術控股有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00334 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 本月底法定 ...

Financial Performance - The company reported a revenue of RMB 4,549 million for the year ending December 31, 2024, representing a 76.6% increase compared to RMB 2,577 million in 2023[7]. - The net profit attributable to the owners of the parent company reached RMB 66 million, a significant increase of 404.2% from RMB 13 million in the previous year[13]. - The gross profit margin decreased to 4.3% in 2024 from 6.8% in 2023, indicating a shift in profitability despite increased sales[7]. - The company sold 49.3 million units during the reporting period, reflecting strong demand and operational resilience[14]. - Total assets increased to RMB 3,530 million in 2024, up from RMB 2,532 million in 2023, showcasing growth in the company's financial position[8]. - The company maintained a debt ratio of 0%, indicating no reliance on external debt for financing[13]. - The inventory turnover period improved to 22 days in 2024 from 25 days in 2023, demonstrating better inventory management[9]. - Revenue from mainland China accounted for 94.2% of total revenue, increasing by 464.0% year-on-year to RMB 4,285.6 million[24]. - The gross profit reached RMB 196.3 million, a year-on-year increase of 12.8%, with a gross margin of 4.3%[20]. - The average selling price of products increased by 65.9% year-on-year to RMB 97.3, contributing to a total revenue growth of 76.6% to RMB 4,549.4 million[20]. Sales and Market Trends - Global smartphone shipments reached 1,238.8 million units in 2024, a 6.4% year-on-year increase, which positively impacts the upstream panel market[18]. - The sales volume of tablet modules increased by 1,292.0% year-on-year, reaching 5.2 million units, with a revenue of RMB 925.9 million[19]. - Commercial display product sales grew by 386.7% year-on-year, totaling 1.2 million units, generating revenue of RMB 1,012.2 million[19]. - Smartphone module sales decreased by 11.6% year-on-year, amounting to RMB 1,855.1 million[19]. - The overall sales volume for the fourth quarter increased by 12.0% quarter-on-quarter, reaching 15.6 million units, with total sales of 49.3 million units, a year-on-year increase of 3.6%[20]. Strategic Plans and Innovations - The company plans to expand its product applications in the mid-size display market, particularly in the education sector, leveraging the ongoing digital transformation[15]. - The company aims to enhance its competitive edge through technological innovation and collaboration with partners like TCL Huaxing[14]. - The company plans to invest in two new mid-size production lines in 2025 to expand capacity in response to growing demand in the education sector[28]. - The company is focused on expanding its market presence and enhancing its product offerings through new technologies and strategies[51]. - The company aims to become a leading LCD module enterprise while enhancing corporate governance and business ethics[58]. Corporate Governance - The company has adhered to the corporate governance code, with some deviations noted, particularly regarding the company secretary's employment status[62]. - The company secretary is a practicing lawyer in Hong Kong and not an employee of the company, ensuring compliance with relevant board procedures and regulations[63]. - The board of directors consists of nine members, all possessing the necessary professional background and expertise to guide the group's strategic focus[69]. - The board held four regular meetings and one additional meeting during the fiscal year ending December 31, 2024[73]. - The chairman and CEO roles are clearly separated to ensure a balance of power and authority within the company[80]. - The board regularly reviews the company's governance policies and compliance with legal and regulatory requirements[66]. - The company has established effective mechanisms to ensure independent viewpoints and opinions are obtained for board decisions[75]. - The board has delegated its powers to executive directors and management to execute daily operations and business strategies[92]. - The audit committee held two meetings during the year ending December 31, 2024, to review the group's risk management and internal control systems[97]. - The audit committee recommended the reappointment of Ernst & Young as the external auditor for the year ending December 31, 2025, subject to shareholder approval[97]. Employee and Diversity Initiatives - The total employee cost for the review period was RMB 271.8 million, with a workforce of 3,297 employees[38]. - The board consists of 7 male members and 2 female members, resulting in a female representation of approximately 22% as of December 31, 2024, up from 14% in 2023[106]. - The company employs a total of 2,182 male employees (approximately 66.2%) and 1,115 female employees (approximately 33.8%) as of December 31, 2024[110]. - The company aims to maintain a balanced gender diversity across all levels of employment, including senior management[110]. - The company has set a preliminary target to appoint at least one director of a different gender to enhance board diversity, which has been achieved[106]. Risk Management and Compliance - The group has implemented a multi-source procurement policy to ensure a stable supply of production materials[42]. - The group utilizes forward foreign exchange contracts to mitigate foreign exchange risks[34]. - The group has no serious violations of occupational safety regulations as of December 31, 2024, and implements weekly safety inspections and regular health check-ups for employees[159]. - The company has confirmed its ability to continue operations for the foreseeable future, with no significant uncertainties affecting its going concern status[119]. - The board is not aware of any non-compliance with relevant laws and regulations that could significantly impact the company as of the report date[159]. Environmental and Social Responsibility - The group invested approximately RMB 1.16 million in new environmental protection facilities and RMB 141,000 in environmental protection and system management in 2024[153]. - The group saved 6.938 million kWh of electricity and 271,000 tons of water through energy efficiency projects in 2024[153]. - The group organized four public welfare volunteer activities, contributing a total of 65.5 hours of volunteer service to community initiatives[154]. - The group maintained compliance with environmental laws and regulations, with no violations reported during the review period[153]. - The group continues to focus on talent development through mentorship programs, pairing new graduates with experienced mentors[148]. Shareholder and Investor Relations - The company has established a shareholder communication policy to ensure timely and balanced access to information for all shareholders[140]. - The board has reviewed the existing shareholder communication policy and deemed it effective for the year ending December 31, 2024[140]. - The investor relations program aims to enhance communication with the investment community through various channels, including investor meetings and conference calls[135]. - The company emphasizes that any dividend declaration will be at the discretion of the board, considering factors such as actual and expected financial performance, retained earnings, and operational funding needs[137]. - The board did not recommend any final dividend for the year ending December 31, 2024, consistent with the previous year[157].

华显光电(00334.HK)2024年度营收增长76.6%至 45.49亿元 纯利大幅增长404.2% 格隆汇3月26日丨华显光电(00334.HK)公布难度业绩，截至2024年12月31日止年度，公司收入为人民币 45.49亿元，同比增长76.6%；母公司拥有者应占溢利为人民币6597.9万元，同比增长404.2%，每股基本 盈利为人民币3.15分。 回顾期内，集团深化与TCL华星的合作，与TCL华星主攻中尺寸及专业显示产品的生产线t9组成面板模 组一体化的商业模式，为多间一线品牌客户提供定制化服务。回顾期内，集团平板类模组的销量同比增 加12.9倍，达520万片，相关营业额达人民币9.26亿元；商用显示产品销量同比增长3.9倍，达1.2百万 台，相关营业额达人民币1,012.2百万元。由于2024年上半年智能手机市场表现疲软，回顾期内，集团手 机类模组销量同比下降11.6%，相关营业额为人民币1,855.1百万元。集团持续调整产品组合并优化客户 结构，并竭力于2024年下半年获得新增一线品牌客户之手机订单。 在产品组合多元化发展的带动下，平板类模组及商用显示产品为集团收入增长的主要驱动力，2024年第 四 ...

Financial Performance - Revenue for the year ended December 31, 2024, reached RMB 4,549,406 thousand, representing a 76.6% increase compared to RMB 2,576,806 thousand in 2023[2] - Gross profit for the same period was RMB 196,319 thousand, up 12.8% from RMB 174,051 thousand in the previous year[4] - Net profit for the year surged to RMB 65,979 thousand, a remarkable increase of 404.2% from RMB 13,086 thousand in 2023[4] - Basic earnings per share for the year was RMB 3.15, reflecting an increase of 408.1% compared to RMB 0.62 in the prior year[4] - Total comprehensive income for the year amounted to RMB 59,632 thousand, compared to RMB 9,283 thousand in 2023[6] - Total customer contract revenue for the year ended December 31, 2024, was RMB 4,549,406,000, a significant increase of 76.5% from RMB 2,576,806,000 in 2023[28] - Revenue from mainland China reached RMB 4,285,556,000 in 2024, compared to RMB 759,949,000 in 2023, reflecting a growth of 464.5%[24] - Other income for 2024 totaled RMB 80,381,000, up from RMB 65,358,000 in 2023, indicating a growth of 23.5%[34] - The revenue from industrial product sales in 2024 was RMB 4,505,131,000, while in 2023 it was RMB 2,511,931,000, marking an increase of 79.3%[30][31] - The pre-tax profit from continuing operations for 2024 was RMB 4,353,087,000, a significant increase from RMB 2,402,755,000 in 2023, reflecting a growth of approximately 81%[35] - The company recorded a net profit attributable to shareholders of RMB 66.0 million, a significant increase of 404.2% year-on-year[55] Assets and Liabilities - Non-current assets totaled RMB 1,021,849 thousand as of December 31, 2024, an increase from RMB 812,500 thousand in 2023[7] - Current assets increased to RMB 2,507,979 thousand, up from RMB 1,719,377 thousand in the previous year[7] - Current liabilities rose to RMB 2,445,762 thousand, compared to RMB 1,509,797 thousand in 2023[7] - The company reported a net asset value of RMB 1,070,629 thousand, an increase from RMB 1,009,448 thousand in the previous year[8] - Trade payables rose to RMB 1,836,106,000 in 2024 from RMB 1,049,888,000 in 2023, representing an increase of about 75%[48] - The total inventory at the end of 2024 was RMB 325,988,000, compared to RMB 200,641,000 in 2023, representing a growth of approximately 62%[44] - Accounts receivable increased to RMB 1,051,329,000 in 2024 from RMB 532,506,000 in 2023, marking an increase of around 97%[44] - The impairment loss on accounts receivable at the end of 2024 was RMB 841,000, up from RMB 642,000 in 2023, indicating a rise of approximately 31%[46] - The company’s expected credit loss rate for accounts receivable was 0.08% as of December 31, 2024, down from 0.12% in 2023, showing an improvement in credit quality[47] - As of December 31, 2024, the company has bank financing of RMB 790 million, a decrease from RMB 1,760 million as of December 31, 2023[50] Operational Highlights - The company operates primarily in the LCD module manufacturing sector, with a single reportable operating segment[22] - The company has clarified that performance obligations are satisfied upon delivery of LCD module products, with payment typically due within 30 to 90 days[32] - The total sales volume for tablet modules increased by 1,292.0% year-on-year, reaching 5.2 million units, with related revenue of RMB 925.9 million[53] - The smartphone module sales volume decreased by 11.6% year-on-year to 36.6 million units, with related revenue of RMB 1,855.1 million, down 19.9%[56] - In the fourth quarter of 2024, the sales volume of the company's products increased by 12.0% quarter-on-quarter, reaching 15.6 million units[54] - The average selling price of products increased by 65.9% year-on-year to RMB 97.3, driven by high-priced mid-size products[54] Strategic Plans and Market Outlook - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings report[3] - The company expects the global economy to face challenges in 2025, but the consumer electronics market shows growth potential, particularly in smartphones and mid-size display products[59] - The group plans to invest in two additional mid-size production lines by 2025 to expand capacity in response to the growing demand for smart home devices and educational tablets[60] Governance and Compliance - The group has adopted revised Hong Kong Financial Reporting Standards for the current financial year, including HKFRS 16 and HKAS 1[13] - The group has not yet applied new and revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[14] - The amendments to HKFRS 18 and HKFRS 19 clarify the classification and measurement of financial liabilities and assets[15] - The group expects that the amendments will not have a significant impact on its financial statements[18] - The group will reclassify previously recognized portions in other comprehensive income as profit or retained earnings based on specific criteria[12] - The group will assess control over invested companies if any of the control factors change[12] - The group has made limited but widespread amendments to other Hong Kong Financial Reporting Standards[17] - The audit committee has reviewed the group's annual performance for the year ending December 31, 2024, ensuring compliance with accounting principles[86] - The board of directors has adopted a code of conduct for securities trading, confirming compliance for the year ending December 31, 2024[85] - The audit committee consists of four independent non-executive directors, ensuring oversight of financial reporting[86] - The company has maintained compliance with corporate governance codes, with minor deviations noted[83] Employee and Supplier Relations - Employee costs for the review period totaled RMB 271.8 million, with a workforce of 3,297 employees as of December 31, 2024[73] - The group’s largest customer accounted for approximately 19% of total revenue, while the top five customers represented about 72% of total revenue[75] - The group’s largest supplier accounted for approximately 35% of total procurement, with the top five suppliers representing about 53%[75] Sustainability and Development - The group is committed to sustainable development and has implemented various energy-saving measures to reduce resource consumption[74] - The group has benefited from stable material supply since the launch of TCL Huaxing's display panel production line "t9" in September 2022[78] Miscellaneous - The company has not proposed any final dividend for the year ending December 31, 2024, consistent with the previous year[80] - The company will hold its annual general meeting on May 23, 2025, with a record date for shareholders set for May 23, 2025[82] - The company has not engaged in any purchase, redemption, or sale of its listed securities for the year ending December 31, 2024[79] - The company has implemented a multi-source procurement policy and strategic inventory management to ensure sufficient supply of production materials[78] - The company has appointed Clara SIU as the contact person for the company secretary to ensure timely communication of the group's performance and developments[84] - The group has no significant contingent liabilities or major litigation as of December 31, 2024[66][65]

Investment Rating - The report does not provide a specific investment rating for the company [1]. Core Insights - The company reported total revenue of 910 million RMB for the second quarter of 2024, representing a year-on-year growth of 43.3%. However, total display module shipments decreased by 25.5% to 8.949 million units, partially offset by a 92.2% increase in average selling price [1]. - Smartphone display module sales saw a significant decline of 51.0% to 5.658 million units, accounting for approximately 63.2% of total display module sales. The decline was attributed to inventory destocking by major customers and the loss of key clients [1]. - Despite the challenges, the company secured a project order from a Chinese smartphone manufacturer, which is expected to drive a rebound in display module sales in the second half of the fiscal year [1]. - The company has successfully expanded into the tablet and learning device display module market, with revenue from this segment increasing to 31.3% of total display module sales in the second quarter of 2024 [1]. - The gross profit margin for the first half of 2024 declined to 3.8%, primarily due to pressures from smartphone manufacturers and the increased proportion of tablet and learning device sales, leading to a compression of net profit margin to 0.4% [1]. Summary by Sections Financial Performance - Total revenue for 2023 was 2,576.8 million RMB, down 38.8% year-on-year. The gross profit was 174.1 million RMB, with a gross margin of 6.8% [7]. - The company recorded a net profit of 13.1 million RMB in 2023, reflecting a significant decline of 92.3% compared to the previous year [7]. - The operating profit margin for the first half of 2024 was 0.7%, indicating ongoing operational challenges [11]. Market Position - The company is positioned within a competitive landscape, with peers such as BYD Electronics and others showing varying market capitalizations and financial metrics [4]. - The average market capitalization for comparable companies is approximately 40.3 billion HKD, with the company itself having a market cap of 0.4 billion HKD [4]. Future Outlook - The report suggests that optimism regarding the company's recovery is premature, as it continues to face operational losses and challenges in improving profitability [1]. - The company needs to enhance its bargaining power and profit margins through new business lines and strategies to achieve significant transformation [1].

Investment Rating - The report assigns a stock rating of NR (Not Rated) for CDOT (00334.HK) [3] Core Insights - The report indicates that it is too early to be optimistic about CDOT's performance, highlighting stagnant sales volume in Q2 2024 and a potential rebound in the second half of the year [3] - CDOT recorded RMB 909.3 million in revenue for Q2 2024, reflecting a year-on-year increase of 43.3%, despite a significant drop in shipping volume [3] - The gross margin has decreased to 3.8% in 2024 H1, raising concerns about profit margins and the company's ability to withstand market fluctuations [3] Financial Performance Summary - Revenue for CDOT has shown fluctuations over the years: - 2020: RMB 3,571.2 million - 2021: RMB 5,840.1 million - 2022: RMB 4,208.4 million - 2023: RMB 2,576.8 million [3][12] - The net profit has also varied significantly: - 2020: RMB 6.3 million - 2021: RMB 199.7 million - 2022: RMB 169.0 million - 2023: RMB 13.1 million [3][12] - The gross margin has decreased from 7.8% in 2020 to 6.8% in 2023, with a notable drop to 3.8% in 2024 H1 [3][12] - The report notes a significant decline in sales volume for display modules, particularly for smartphones, which fell by 51.0% year-on-year in Q2 2024 [3] Market Dynamics - The sales volume of display modules for tablets and learning devices has increased, contributing 31.3% to total revenue in Q2 2024, indicating a diversification in revenue sources [3] - The report emphasizes the importance of improving bargaining power and profit margins for a potential turnaround in the company's performance [3]

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 1,841,000, compared to RMB 1,226,859 for the same period in 2023, representing a year-over-year increase of approximately 50%[6] - The gross profit for the first half of 2024 was RMB 69,605, compared to RMB 86,774 in the first half of 2023, indicating a decrease of about 19.8%[6] - The net profit attributable to owners of the parent company for the period was RMB 6,974, compared to a loss of RMB 7,418 in the same period last year, marking a significant turnaround[8] - Basic and diluted earnings per share for the period were RMB 0.33, compared to a loss of RMB 0.35 per share in the previous year[6] - The company reported a total comprehensive income of RMB 5,748 for the period, compared to a loss of RMB 16,771 in the same period last year[8] - The company reported a pre-tax loss of RMB 1,657,000 for the six months ended June 30, 2024, an improvement from a loss of RMB 11,076,000 in the previous year[14] - The total comprehensive income for the period was RMB 5,748,000, compared to a total comprehensive loss of RMB 16,771,000 for the same period in 2023[12] - The company reported a pre-tax loss of RMB 6,974,000 for the six months ended June 30, 2024, compared to a loss of RMB 7,418,000 for the same period in 2023, indicating a slight improvement in performance[42] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 1,839,987, an increase from RMB 1,719,377 as of December 31, 2023[9] - Current liabilities increased to RMB 1,838,723 from RMB 1,509,797 at the end of 2023, reflecting a rise of approximately 21.7%[9] - Non-current assets totaled RMB 1,033,385 as of June 30, 2024, compared to RMB 812,500 at the end of 2023, showing an increase of approximately 27.2%[9] - As of June 30, 2024, total equity amounted to RMB 1,015,196,000, an increase from RMB 1,009,448,000 as of January 1, 2024[11] - The company has maintained its equity attributable to owners at RMB 843,062, consistent with the previous year[10] Cash Flow and Financial Position - The company’s cash and cash equivalents increased to RMB 36,286 from RMB 23,178, representing a growth of about 56.5%[10] - The net cash flow from operating activities for the six months ended June 30, 2024, was RMB 272,711,000, compared to a negative RMB 147,362,000 for the same period in 2023[16] - Cash and cash equivalents at the end of the period were RMB 36,286,000, down from RMB 690,800,000 at the end of June 2023[16] - The company’s financing activities resulted in a net cash outflow of RMB 3,161,000 for the six months ended June 30, 2024[16] - The company’s cash and cash equivalents, along with time deposits, totaled RMB 553 million, with 43.4% in USD, 54.4% in RMB, and 2.2% in HKD[87] Revenue Breakdown - Revenue from the domestic market in China was RMB 1,628,833,000, compared to RMB 196,576,000 in the previous year, indicating a substantial increase of over 725%[24] - Sales to related companies accounted for approximately RMB 888,916,000, up from RMB 485,285,000 in the previous year, reflecting an increase of about 83%[26] - The revenue from industrial product sales was RMB 1,818,142,000, compared to RMB 1,209,564,000 in the previous year, marking an increase of approximately 50%[28] - For the six months ended June 30, 2024, total sales of products reached RMB 818,470,000, a significant increase from RMB 409,971,000 in the same period of 2023, representing a growth of 99.5%[67] Expenses and Costs - The cost of sales rose significantly to RMB 1,771,395,000 in the first half of 2024, compared to RMB 1,140,085,000 in the same period of 2023, representing an increase of about 55.5%[33] - Research and development expenses increased to RMB 64,236,000 in the first half of 2024, up from RMB 52,136,000 in the same period of 2023, reflecting a growth of approximately 23.5%[33] - The company incurred a depreciation expense of RMB 44,543,000 for property, plant, and equipment during the six months ended June 30, 2024[14] - The company’s rental and related expenses amounted to RMB 2,319,000 for the six months ended June 30, 2024, compared to RMB 1,861,000 in the same period of 2023, reflecting an increase of 24.6%[67] Share Capital and Incentive Plans - The total issued ordinary shares remained unchanged at 2,114,307,929 shares as of June 30, 2024, with a corresponding value of RMB 172,134[57] - The company has a share option plan in place to incentivize participants, which includes employees and consultants across the group[59] - The total number of shares granted under the share incentive plan reached 103,289,988, with 102,946,488 shares vested and 343,500 shares forfeited as of June 30, 2024[61] - The company has a share option plan that allows for the issuance of up to 172,149,980 options, which is approximately 8.14% of the total issued shares as of June 30, 2024[64] - The board has decided not to declare any interim dividend for the six months ending June 30, 2024, consistent with the previous period[110] Market and Industry Trends - In the first half of 2024, the global smartphone shipment increased by 6.5% year-on-year, reaching 285.4 million units in Q2, with total shipments exceeding 570 million units in the first half[78] - The domestic smartphone market in China saw shipments of 139 million units in the first half of 2024, representing an 11.6% year-on-year growth, outperforming the global market[78] - The panel industry entered a new upcycle in 2024, with panel prices showing a moderate upward trend and signs of market recovery[78] - The demand for A-Si LCD smartphone panels continues to rise, although competition in the low-end market remains intense due to cost pressures[78] Corporate Governance and Compliance - The company has complied with the corporate governance code, with the exception of the company secretary not being an employee of the issuer[111] - The audit committee, consisting of four independent non-executive directors, has reviewed the unaudited interim consolidated financial statements for the six months ending June 30, 2024, ensuring compliance with applicable accounting standards and regulations[115] - The interim report for 2024 was published on August 27, 2024, detailing the company's financial performance and governance practices[116]