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告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公告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。 京東方精電有限公司 (於百慕達註冊成立之有限公司) (股份代號：710) 2023 年中期業績公告 主席報告 財務摘要 百萬港元 截至2023年6月30日 截至2022年6月30日 止6個月 止6個月 收益 5,210 4,831 利息、稅項、折舊及攤銷前利潤 324 359 （EBITDA1） 股東應佔溢利 202.5 250.9 基本每股盈利 25.8港仙 34.5港仙 攤薄每股盈利 25.7港仙 34.2港仙 截至2023年6月30日 截至2022年12月31日 現金及定期存款結餘 2,360 2,881 1 利息、稅項、折舊及攤銷前利潤(EBITDA)指本期溢利，另加於計算本期溢利時扣除之以下數額：融資成本、所得稅， 折舊及攤銷。 ...

Financial Performance - The company reported revenue of HKD 10,722 million for the year ended December 31, 2022, representing a 39% increase from HKD 7,738 million in 2021[12]. - EBITDA for the year was HKD 841 million, up 64% from HKD 513 million in the previous year[12]. - Shareholders' profit attributable to the company was HKD 582.5 million, an increase of 78% compared to HKD 327.8 million in 2021[12]. - Basic earnings per share rose to HKD 0.784 from HKD 0.451, while diluted earnings per share increased to HKD 0.778 from HKD 0.448[12]. - The company declared a final dividend of HKD 0.230 per share, up from HKD 0.150 per share in the previous year[12]. - Operating profit for the same period was HKD 670,000,000, representing an increase of HKD 320,000,000 or 91% year-on-year[36]. - Total assets as of December 31, 2022, amounted to HKD 8,283,000,000, an increase from HKD 5,543,000,000 in 2021[38]. - The group's cash flow from operating activities reached HKD 834 million in 2022, up from HKD 675 million in 2021[40]. Business Segments - The automotive display business generated revenue of HKD 9,577 million, a 47% increase from HKD 6,509 million in 2021, accounting for approximately 89% of the company's total revenue[21]. - The industrial display business recorded revenue of HKD 1,145 million, a decrease of 7% from HKD 1,228 million in 2021, accounting for about 11% of total revenue[23]. - In 2022, the company recorded revenue of HKD 7,495,000,000 in China, an increase of approximately 48% compared to 2021, accounting for 70% of total revenue[52]. - The European display business generated revenue of HKD 1,607,000,000, a 12% increase from 2021, representing 15% of total revenue[53]. - Revenue from South Korea reached HKD 397,000,000, up 19% from 2021, contributing 4% to total revenue[55]. - The Americas saw revenue of HKD 680,000,000, a significant increase of 56% compared to 2021, making up 6% of total revenue[56]. Market Strategy and Growth - The company plans to continue revenue growth in 2023, driven by increasing demand for TFT and touch screen display modules in China, the US, Europe, and Korea[24]. - The company is set to benefit from the implementation of China's national standard GB15084-2022 on July 1, 2023, which will create opportunities in the CMS market[24]. - The company anticipates an increase in revenue from high-end display products in the coming years, driven by customer demand for advanced user experiences in new energy vehicles[26]. - The company plans to expand its TFT and touch screen module production facilities in Chengdu, China, to capture upcoming business opportunities and increase market share[28]. - The company is focusing on developing advanced automotive display technologies, including AR-HUD and high-end Mini-LED displays, to enhance user interaction in smart vehicle cabins[29]. Sustainability and Environmental Impact - The company is actively pursuing sustainable development by installing solar power systems in factories to reduce carbon emissions and energy costs[29]. - The company committed to achieving carbon neutrality by 2050 and has established a roadmap with phased targets and strategies[62]. - The total greenhouse gas emissions (Scope 1 and Scope 2) amounted to approximately 60,154.81 tons of CO2 equivalent, with Scope 2 emissions from purchased electricity contributing about 60,050.01 tons[85]. - The company aims to maintain a carbon emission density of 0.95 tons of CO2 equivalent per 1,000 pieces as a target for future emissions reduction[85]. - The company has implemented automation equipment at the Heyuan factory, leading to increased electricity consumption and a 15.71% rise in Scope 2 emissions compared to 2021[85]. Corporate Governance - The company reported a commitment to high standards of corporate governance, ensuring accountability and transparency to balance the interests of shareholders, customers, creditors, employees, and other stakeholders[146]. - The board confirmed compliance with the corporate governance code as of December 31, 2022, adhering to the rules set forth in the Hong Kong Stock Exchange's listing rules[146]. - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the standards throughout the review year[147]. - The company has established a corporate risk management framework to identify, assess, mitigate, and monitor key risks in an orderly manner[167]. - The audit committee reviewed the effectiveness of the group's risk management and internal control systems and deemed them sufficient and effective[166]. Employee Engagement and Training - The company reported a 15.9% employee turnover rate in Hong Kong, 41.3% in China, and 3.7% overseas for the year 2022[107]. - The total training hours in 2022 showed a significant increase compared to 2021, reflecting the recovery from pandemic impacts[109]. - The company provided a total of 47,045 hours of training for employees in 2022, focusing on various topics including professional development and legal regulations[110]. - The company received the "Happy Workplace" label for the 10th consecutive year, promoting a positive work environment[111]. - The group promotes a healthy lifestyle among employees through health and wellness seminars and various sports activities[108]. Community Engagement and Social Responsibility - The group made charitable donations exceeding HKD 180,000 in 2022[128]. - The group established a scholarship program in partnership with a local technical school, rewarding outstanding students and providing financial aid to those in need[129]. - The group participated in various charity and sports events, including the Standard Chartered Marathon and the Walk for Millions[131]. - The company has implemented a whistleblowing policy in place to report serious concerns regarding misconduct or fraud[126]. - The company emphasizes collaboration with suppliers to implement sustainable supply chain management practices[112].

Financial Performance - The company reported a revenue of HKD 10,722 million for 2022, a 39% increase from HKD 7,738 million in 2021[3] - EBITDA for 2022 was HKD 841 million, up 64% from HKD 513 million in the previous year, representing approximately 7.8% of total revenue[5] - Shareholders' profit attributable to the company was HKD 582.5 million, a 78% increase from HKD 327.8 million in 2021[3] - The company achieved a net foreign exchange gain of approximately HKD 16.8 million in 2022, compared to HKD 10.2 million in 2021[5] - The company's net profit attributable to shareholders was HKD 559,570,000 in 2022, up from HKD 309,719,000 in 2021, marking an increase of 80.7%[36] - Basic earnings per share increased to 78.4 HK cents in 2022 from 45.1 HK cents in 2021[34] - The company reported a total comprehensive income of HKD 324,293,000 for 2022, slightly down from HKD 333,900,000 in 2021[37] - The group's total revenue for 2022 was HKD 10,722,361,000, an increase of 38.5% from HKD 7,737,943,000 in 2021[46] Business Segments - The automotive display business generated revenue of HKD 9,577 million, a 47% increase from HKD 6,509 million in 2021, accounting for approximately 89% of total revenue[7] - The industrial display business recorded revenue of HKD 1,145 million, a decrease of 7% from HKD 1,228 million in 2021, representing about 11% of total revenue[8] - Revenue in China reached HKD 7,495,000,000, an increase of approximately 48% compared to 2021, accounting for 70% of total group revenue[29] - European display screen business generated revenue of HKD 1,607,000,000, a 12% increase from 2021, representing 15% of total group revenue[30] - In Korea, the revenue reached HKD 397,000,000 in 2022, a 19% increase compared to 2021, accounting for 4% of the group's total revenue[32] - In the Americas, revenue was HKD 680,000,000 in 2022, a significant 56% increase from 2021, representing 6% of the group's total revenue[33] Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.23 per share, up from HKD 0.15 per share in 2021, with a payout ratio of 31%[6] - The proposed final dividend for the year is HKD 0.23 per share, an increase from HKD 0.15 per share in 2021, totaling HKD 182,062,000 for 2022 compared to HKD 110,449,000 in 2021[56][64] Assets and Liabilities - The company maintained a cash and bank deposit balance of HKD 2,881 million as of December 31, 2022, compared to HKD 2,267 million at the end of 2021[3] - Non-current assets increased significantly to HKD 1,672,534,000 in 2022 from HKD 689,978,000 in 2021[38] - Current assets rose to HKD 6,610,566,000 in 2022, compared to HKD 4,853,186,000 in 2021[39] - The company's total assets less current liabilities amounted to HKD 4,179,975,000 in 2022, up from HKD 3,375,111,000 in 2021[39] - The group held a liquid investment portfolio valued at HKD 2,881,000,000 at year-end 2022, compared to HKD 2,271,000,000 in 2021[68] - The group has capital commitments of HKD 905,255,000 as of December 31, 2022, significantly higher than HKD 93,518,000 in 2021, indicating planned investments[63] Market and Growth Prospects - The group successfully expanded its automotive business, increasing overall revenue and profit, driven by strong personal consumption and government tax incentives in China[9] - The group achieved the highest market share in the global automotive display market, particularly for displays larger than 8 inches, establishing a strong customer network with major automotive manufacturers[10] - For 2023, the group expects continued revenue growth, supported by increasing demand for TFT and touch screen display modules in China, the US, Europe, and South Korea[9] - The group plans to expand its TFT and touch screen module production facilities in Chengdu, China, to capture upcoming business opportunities and further increase market share[14] - The group has secured multiple projects from top European automotive manufacturers, which will contribute to revenue growth in the coming years[12] - The group is developing new generation automotive display technologies, focusing on large, curved, and interactive screens to meet the trend of smart vehicle cockpits[16] - The group is actively expanding into the electric vehicle market, successfully penetrating major participants and securing projects for upcoming models[29] Research and Development - Research and development expenses were HKD 190,165,000 in 2022, slightly down from HKD 199,705,000 in 2021[51] - The company has successfully developed a 3D AR-HUD prototype, breaking the limitations of fixed image distance in existing AR-HUD displays[25] - The group has multiple projects in mass production for automotive OLED displays, indicating strong market acceptance of its f-OLED technology[19] - The group has launched a new TFT module for CMS monitors, addressing display latency issues in low temperatures[27] Governance and Compliance - The company was included in the Hang Seng Index series in March 2023, enhancing its market reputation and shareholder base[28] - The company is committed to transparency in its financial reporting process[79] - The board includes independent non-executive directors, ensuring governance and oversight[79] - The chairman of the board is Gao Wenbao, indicating leadership stability[79] - The announcement date is March 21, 2023, reflecting timely communication of financial information[79] Environmental Commitment - The group is committed to environmental protection and sustainability, planning to install solar power systems in its factories to reduce carbon emissions and energy costs[15]

Financial Performance - Revenue for the six months ended June 30, 2022, was HKD 4,831 million, representing a 51% increase from HKD 3,200 million for the same period in 2021[12] - EBITDA for the same period was HKD 359 million, up from HKD 174 million, indicating a significant growth of 106%[12] - Shareholders' profit attributable to the company was HKD 250.9 million, compared to HKD 95.1 million in the previous year, marking a 164% increase[12] - Basic earnings per share increased to HKD 34.5 cents from HKD 12.9 cents, reflecting a growth of 168%[12] - The automotive display business generated revenue of HKD 4,335,000,000, a 68% increase from HKD 2,578,000,000 in 2021, making up about 90% of total revenue[23] - Operating profit for the same period was HKD 275,028, up 187.5% from HKD 95,569 in the previous year[91] - Net profit for the period was HKD 233,843, representing a significant increase of 163.5% compared to HKD 88,980 in the prior year[94] - Total comprehensive income for the period was HKD 111,895, slightly up from HKD 100,628 in the same period last year[94] Cash and Liquidity - The company maintained a cash and cash equivalents balance of HKD 2,263 million as of June 30, 2022, slightly down from HKD 2,267 million at the end of 2021[12] - The company reported a net cash increase of 76,039 thousand in cash and cash equivalents, contrasting with a decrease of 33,600 thousand in the same period last year[103] - The company's cash and cash equivalents at the end of the period were 2,262,545 thousand, slightly down from 2,267,118 thousand at the beginning of the year due to currency fluctuations[103] Market Position and Strategy - The company is positioned as a global leader in automotive TFT display products, particularly in large and medium-sized display modules[7] - The company aims to become a leading provider of automotive smart cockpit display solutions[7] - The focus on automotive and industrial display solutions is a key strategic direction for the company[7] - The company is actively involved in the development of new products and technologies to enhance its market position[7] - The company anticipates continued revenue growth in the second half of 2022, driven by increasing orders for TFT and touch screen display modules, particularly from China and Europe[25] Production and Development - A new production facility for TFT and touch screen modules is planned in Chengdu, China, expected to be completed by the end of 2022 or early 2023, to capture upcoming market opportunities[30] - The company is focusing on the gradual mass production of high-end display products such as BD displays, AMOLED displays, and mini-LED solutions as growth drivers in the coming years[25] - The company is committed to developing advanced automotive display technologies, including HDR, mini-LED, and BD cell technologies, to enhance display performance and meet rising market demands[33] Shareholder Information - The company did not declare an interim dividend for the six months ending June 30, 2022, consistent with the previous year[22] - The company declared a final dividend of 15.0 HK cents per share for the previous fiscal year, amounting to 109,284 thousand, up from 36,780 thousand in the previous year[125] - As of June 30, 2022, major shareholder 京东方科技集团股份有限公司 holds 400,000,000 shares, representing approximately 54.31% of the company's issued share capital[61] Corporate Governance - The company has complied with the corporate governance code as outlined in the listing rules as of June 30, 2022[74] - The company has adopted a code of conduct for directors' securities transactions, which meets or exceeds the standard set by the listing rules[75] - The board of directors has confirmed compliance with the standards set forth in the code of conduct during the review period[75] Environmental and Social Responsibility - The company is committed to regularly reviewing and updating its carbon reduction pathways and related targets based on environmental trends and business developments[39] - The company has invested in a water recycling treatment system at its Heyuan production facility, which reduces wastewater discharge by 6,000 tons annually[41] Employee Information - The company employed a total of 4,063 employees globally as of June 30, 2022, with a performance-based compensation policy in place[44] Investment and Capital Expenditure - The group incurred capital expenditures of 304,987 thousand for the purchase of property, plant, and equipment, which is a significant rise from 48,274 thousand in the previous year[103] - The group has capital commitments for the construction and purchase of plant and equipment amounting to RMB 635,666,000 as of June 30, 2022, compared to RMB 93,518,000 as of December 31, 2021[139] Foreign Exchange and Financial Instruments - The company recognized a foreign exchange loss of 120,126 thousand during the period, impacting the overall comprehensive income[100] - The group does not currently use any financial instruments for hedging purposes but monitors foreign exchange risks regularly[46]

Financial Performance - The company reported a revenue of HKD 7,738 million for the year ended December 31, 2021, representing a 71% increase from HKD 4,527 million in 2020[8]. - EBITDA for the year was HKD 513 million, up 138% from HKD 216 million in the previous year[8]. - Shareholders' profit attributable to the company was HKD 327.8 million, a 378% increase compared to HKD 68.6 million in 2020[8]. - Cash and cash equivalents at the end of 2021 stood at HKD 2,267 million, compared to HKD 1,635 million at the end of 2020[8]. - Operating profit for the same period was HKD 350,000,000, an increase of approximately 400% from HKD 70,000,000 in the previous year[17]. - Net profit attributable to shareholders reached HKD 327,800,000, compared to HKD 68,600,000 in 2020, marking a significant increase[17]. - The group’s revenue for the fiscal year ended December 31, 2021, increased by 71% to HKD 7,738,000,000 compared to the previous fiscal year[17]. Automotive Sector Growth - The company achieved significant growth in the automotive sector, with revenue from automotive displays reaching HKD 6,509 million, an 89% increase from HKD 3,450 million in 2020[9]. - The automotive display business accounted for approximately 84% of the company's total revenue, reflecting strong demand in the market[9]. - The automotive display business in China accounted for over 40% of the group's total revenue in 2021, with a customer base expanding to cover major traditional and new energy vehicle manufacturers[11]. - The sales of TFT display products for new energy vehicle customers exceeded 30% coverage in 2021, contributing to the overall revenue growth driven by strong demand in the traditional and new energy vehicle markets[11]. - The group expects continued revenue growth in 2022, driven by increasing demand for TFT and touch screen display modules, particularly from China and Europe[11]. Research and Development - The group invested HKD 200,000,000 in research and development, representing about 3% of total revenue[17]. - Significant investments have been made in Hefei Jiangcheng Technology Co., Ltd. to support the development of AR-HUD and related technologies[14]. - The company is focusing on developing next-generation automotive display technologies, including AR-HUD and head-up displays, with production expected to start in the first half of 2022 for a local Chinese automotive brand[14]. - The company has built a professional automotive electronics R&D team, focusing on smart cockpit solutions, and has secured multiple projects with new energy vehicle companies in China and Europe[15]. Environmental Sustainability - The company emphasizes the importance of ESG governance and management, integrating sustainability factors into all business decision-making processes[34]. - The total greenhouse gas emissions in 2021 amounted to 4,308.09 tons of CO2 equivalent, with a revenue ratio of 556.74 tons per billion HKD[45]. - The company has maintained ISO 14001 certification since 2005, ensuring compliance with environmental laws and regulations[44]. - The company emphasizes the importance of environmental protection and sustainable development in its operations[42]. - The company aims to maintain a carbon dioxide equivalent density of 0.065 tons per 1,000 units as an initial target for emission reduction[47]. Employee Management and Welfare - The company employed a total of 3,725 staff globally, with a performance-based compensation policy in place[20]. - The employee turnover rates for Hong Kong, China, and overseas in 2021 were 15.9%, 34.3%, and 5.9% respectively[61]. - The company maintained a safe working environment, with no work-related fatalities reported over the past three years, and recorded 18 minor injuries in 2021, resulting in a total of 286 lost workdays[62]. - Employee compensation and bonuses are linked to performance, with annual reviews considering financial performance, business outlook, individual performance, market levels, and inflation[61]. - The company promotes a healthy lifestyle among employees through health and wellness seminars and various sports activities[64]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, ensuring accountability and transparency among stakeholders[117]. - The board consists of 3 executive directors, 3 non-executive directors, and 3 independent non-executive directors as of December 31, 2021[118]. - The company has adopted and complies with the corporate governance code as per the Hong Kong Stock Exchange's listing rules[117]. - The independent non-executive directors bring extensive professional management experience to the board, ensuring the company's continued success[118]. - The company emphasizes the importance of balancing interests among shareholders, customers, creditors, employees, and other stakeholders[117]. Supplier and Procurement Management - The top five suppliers represented 67.2% of total procurement, with the largest supplier accounting for 38.3%[194]. - The total procurement transaction amount was HKD 3,362 million, reflecting a significant increase from HKD 2,431 million in 2020, representing a growth of approximately 38.3%[182]. - The company has established a subcontracting agreement with the parent company for the manufacturing of TFT/TP modules, which has been effective since 2016 and was updated in 2018[181]. - The company has implemented a comprehensive quality management system that meets ISO 9001 and IATF 16949 requirements, ensuring strict quality control throughout the production process[82]. Community Engagement - The company actively participates in community charity events, including the Standard Chartered Marathon and fundraising activities in Guangdong[87]. - Since 2012, the company has established a scholarship program in partnership with a local technical school to support outstanding students and assist those in need[88]. - The group’s charitable donations reached HKD 128,532 in the fiscal year, an increase from HKD 89,000 in 2020[158].

2020年年報 京東方精電有限公司 股份代號 710 目錄 | 2 | 主席報告 | | --- | --- | | 8 | 管理層討論及分析 | | 10 | 營運回顧 | | 14 | 環境、社會及管治報告 | | 30 | 董事及高級管理層 | | 34 | 企業管治報告 | | 43 | 董事會報告 | | 54 | 獨立核數師報告 | | 60 | 綜合損益表 | | 61 | 綜合損益及其他全面收益表 | | 62 | 綜合財務狀況表 | | 63 | 綜合權益變動表 | | 64 | 綜合現金流量表 | | 65 | 財務報表附註 | | 106 | 五年概要 | | 107 | 本集團擁有之物業 | | 108 | 公司資料 | 主席報告 | 財務摘要 | | | | --- | --- | --- | | 百萬港元 | 2020 | 2019 | | 收益 | 4,527 | 3,574 | | 利息、稅項、折舊及攤銷前利潤（EBITDA1 ） | 216 | 166 | | 股東應佔溢利 | 68.6 | 25.0 | | 現金及定期存款結餘 | 1,635 | 1,546 | | 基本每 ...