Financial Performance - Revenue for 2022 was RMB 45.74 billion, a decrease of 2.27% compared to 2021[15] - Net profit attributable to shareholders of the listed company in 2022 was RMB 1.68 billion, an increase of 47.58% compared to 2021[15] - Net cash flow from operating activities in 2022 was RMB 5.00 billion, a significant increase of 655.25% compared to 2021[15] - Basic earnings per share in 2022 were RMB 1.284, an increase of 48.27% compared to 2021[16] - Weighted average return on equity (ROE) in 2022 was 10.00%, an increase of 2.81 percentage points compared to 2021[16] - The company plans to distribute a cash dividend of RMB 6.44 per 10 shares, totaling RMB 839.55 million, representing 50.00% of the net profit attributable to shareholders[3] - Total assets at the end of 2022 were RMB 35.76 billion, an increase of 7.51% compared to the end of 2021[15] - Net profit attributable to shareholders after deducting non-recurring gains and losses in 2022 was RMB 1.43 billion, an increase of 79.65% compared to 2021[15] - The company's net assets attributable to shareholders at the end of 2022 were RMB 17.55 billion, an increase of 9.11% compared to the end of 2021[15] - 2022 annual revenue was 45.738 billion yuan, a year-on-year decrease of 2.27%[24] - Net profit attributable to shareholders in 2022 was 1.679 billion yuan, a year-on-year increase of 47.58%[24] - Operating cash flow in 2022 reached 5.005 billion yuan, a record high in nearly 20 years[25] - Hisense's operating income decreased by 2.27% YoY to RMB 457.38 billion in 2022, while R&D expenses increased by 12.34% to RMB 20.80 billion[82][83] - Net cash flow from operating activities surged by 655.25% YoY to RMB 50.05 billion in 2022, driven by faster inventory turnover and optimized accounts payable[83] - Net cash flow from investing activities decreased by 364.89% YoY to RMB -45.81 billion in 2022, mainly due to increased investment in wealth management products and strategic investment in Qianzhao Optoelectronics[83] - Display industry revenue decreased by 5.96% to RMB 4,054.90 million, with a gross margin increase of 3.38 percentage points to 19.85%[85] - Smart display terminal revenue decreased by 6.74% to RMB 3,525.93 million, with a gross margin increase of 3.45 percentage points to 17.35%[85] - New display and new business revenue increased by 0.75% to RMB 463.50 million, with a gross margin increase of 3.91 percentage points to 38.22%[85] - Domestic revenue increased by 1.59% to RMB 2,000.31 million, with a gross margin increase of 3.99 percentage points to 26.57%[85] - Overseas revenue decreased by 12.30% to RMB 2,054.60 million, with a gross margin increase of 1.99 percentage points to 13.31%[85] - Display product production increased by 18.83% to 2,582.95 thousand units, with sales increasing by 19.23% to 2,593.94 thousand units[86] - R&D expenses increased by 12.34% to RMB 2,079.78 million, accounting for 4.55% of total revenue[90][91] - Operating cash flow increased by 655.25% to RMB 5,004.87 million[94] - Investment cash flow decreased by 364.89% to RMB -4,580.97 million[94] - Top five customers accounted for 57.71% of total sales, with related party sales accounting for 40.86%[89] - Transactional financial assets increased by 56.36% to 8,824,511,860.07 yuan, accounting for 24.68% of total assets[96] - Receivables financing increased by 41.53% to 4,763,021,410.22 yuan, accounting for 13.32% of total assets[96] - Long-term equity investments surged by 371.98% to 1,733,344,177.36 yuan, primarily due to new investments in Qianzhao Optoelectronics[96] - Short-term borrowings decreased by 60.76% to 445,043,000.00 yuan, reflecting improved cash flow and reduced loan scale[96] - Contract liabilities increased by 42.33% to 516,475,523.87 yuan, driven by prepayments for sales and platform service income[96] - The company invested 1,421,956,600 yuan in Qianzhao Optoelectronics, acquiring a 20% stake and becoming the largest shareholder[100] - TVS, a subsidiary, reported a net profit of 224,312,500 yuan, a year-on-year increase of 12.79%[104] Market Share and Sales Performance - Smart display terminal sales in 2022 were 25.22 million units, a year-on-year increase of 18.22%[26] - Smart display terminal business revenue in 2022 was 35.259 billion yuan, with a gross margin increase of 3.45 percentage points[26] - New display business revenue in 2022 was 4.635 billion yuan, with a gross margin increase of 3.91 percentage points[26] - Hisense TV's retail market share in China's offline high-end market reached 31.1%, up 6.3 percentage points year-on-year, leading the industry[27] - Hisense TV's retail market share in China's online high-end market increased by 4.0 percentage points year-on-year[27] - Hisense TV's retail market share in China's offline market with an average retail price of over 10,000 RMB reached 29.6%, up 2.7 percentage points year-on-year[27] - Revenue from 75-inch and above smart display terminals in China increased by 63.51% year-on-year, accounting for 38.38% of total revenue, up 14.55 percentage points[27] - Hisense laser TV's global market share reached 53.5%, ranking first worldwide[28] - Hisense laser TV's retail market share in China reached 91.4%[29] - Overseas revenue from commercial display business increased by 53.66% year-on-year[30] - Hisense TV's global shipment market share ranked second worldwide[33] - Hisense TV's retail volume market share in China reached 23.9%, up 5.1 percentage points year-on-year[33] - Vidda TV sales increased by 98.89% year-on-year, with online market share in China reaching 8.2%, up 3.9 percentage points[38] - Hisense TV brand awareness increased by 5 percentage points in China to 90%, ranking first in the Chinese TV industry, and also increased by 5 percentage points in overseas markets such as the US, UK, and Japan[39] - Hisense TV achieved a retail market share of 30.0% in mainland China during the 2022 Qatar World Cup, leading the second place by 10.6 percentage points[40] - Hisense TV's global sales of smart display terminals increased by 18.22% year-on-year in 2022, with overseas sales increasing by 15.37%, and Southeast Asia market shipments increasing by 43.93%[40] - Hisense TV has ranked first in user satisfaction in the TV industry for 8 consecutive years in the China Quality Association's user satisfaction evaluation[41] - Hisense's ULED X technology platform increased the offline high-end market retail share from 28.8% in October 2022 to 37.5% in February 2023 in mainland China[48] - Hisense's laser TV market share in the Chinese market for TVs priced above RMB 20,000 reached 17.7%, a 9.4 percentage point increase from 2021[54] - Hisense's global market share for laser TV shipments reached 53.5% in 2022, according to Omdia data[57] - Ranked 2nd globally in TV shipments in 2022 (Omdia data) and 1st in retail volume and value in China (AVC data)[73] - Global TV shipments reached 203 million units with a value of $102.422 billion, while China's TV retail volume was 36.34 million units with a value of 112.3 billion yuan[75] - Mini LED backlit TV display module shipments grew 63% YoY to 3.1 million units globally, with China's Mini LED TV sales surging 385.3% to 395,000 units[75] - China's commercial display market reached 68.34 billion yuan in 2022, with overseas commercial display market recovering to $8.77 billion, up 19.3% YoY[77] - Hisense ranked 3rd in China's education IWB market and maintained a top 5 position in the meeting tablet segment[77] - Global laser TV and laser projector shipments increased by 24.4% YoY to 1.45 million units in 2022, with China being the largest market with 679,000 units, accounting for 47% of the market share[78] - Hisense's laser TV market share reached 53.5% globally and 89.3% in China in 2022, with a 5.3 percentage point increase in China's laser ultra-short throw market share to 48.3%[78] - China's commercial laser display shipments decreased by 7% YoY to 241,000 units in 2022, while Hisense's commercial laser projector shipments grew by 99.64%[78] - Global projector shipments reached 17.83 million units in 2022, with China accounting for 7.64 million units, and smart projector sales in China grew by 29% to 6.18 million units[78] - China's home mid-to-long throw laser smart projector shipments surged by 178% YoY to 186,000 units in 2022, with Vidda C1 capturing a 20.6% market share in China's 4K smart home projector market in Q4 2022[78] - Hisense's TV display timing controller chip (TCON) shipments continued to grow in 2022, maintaining a leading global position[79] Technology and Innovation - Hisense's ULED X technology platform has accumulated 932 patent applications and 492 authorized patents, including 74 international patents[47] - Hisense's ULED X technology platform achieved a 35% improvement in optical system efficiency and a 20% increase in peak brightness compared to the previous generation[47] - Hisense's ULED X technology platform won 8 authoritative awards at the 2023 CES, including the "CES 2023 Innovation Award" for the flagship 110-inch UX TV[50] - Hisense's ULED X technology platform has been applied to medical/commercial displays, AR/VR, and Mini/Micro LED displays, supporting the development of the large display industry[52] - Hisense's laser display technology has expanded its product line and extended its industrial chain, meeting the needs of home theater, mobile portability, and commercial projection[53] - The company launched the world's first 8K laser TV and showcased it at CES 2023, setting a new benchmark in technology and product innovation[54] - The company introduced the L9H series laser TV, which is 35% smaller in volume compared to the previous L9F series, and the L9V series with enhanced audio-visual experience[54] - The company released the world's first 4K tri-color laser smart projector, Vidda C1, with a color accuracy of ΔE≈0.9, surpassing traditional LED products[55] - Hisense's Mini LED products received high recognition in the North American market, earning awards such as "CES 2023 Picks" and "CES 2023 Best Product"[59] - The company acquired control of Qianzhao Optoelectronics in 2023, extending its Mini and Micro LED industry to the front-end chip field[61] - Hisense developed the JuCloud cloud-native and big data PaaS platform, providing high-availability and flexible digital infrastructure for various industries[66] - The company launched the XR-V3 VR headset in 2022 and is developing the next-generation XR-V4 VR product, with breakthroughs in SLAM and 6DoF tracking algorithms[64] - Hisense's 8K VR video live streaming technology won third prize at the 2nd High-Tech Video Innovation Application Competition by the State Administration of Radio and Television[65] - Launched new smart blackboard series products, upgraded "Hisense Smart Learning" and "Polycom Classroom" applications, covering 7 types of teaching space scenarios[70] - Released Vision Hub smart tablets and Vision One LED all-in-one products for office, meeting room, and auditorium scenarios, deepening cooperation with Tencent and Microsoft ecosystems[71] - Expanded overseas business with "1+N" digital signage solutions, securing a benchmark project with a global fast-food chain in Europe[71] - Developed DLP-based automotive HUD and Mini LED display components for the automotive sector[72] - Hisense acquired control of A-share listed company Qianzhao Optoelectronics to strengthen its strategic layout in the display industry chain and accelerate Mini LED and Micro LED technology R&D[80] Environmental and Social Responsibility - The company invested 5.1475 million yuan in environmental protection during the reporting period[148] - The company reduced CO2 equivalent emissions by 3,587 tons through various carbon reduction measures, including the use of clean energy and energy management systems[155] - The company achieved a 5% reduction in raw material usage through new material development and manufacturing efficiency improvements[155] - The company installed photovoltaic power generation systems with a total capacity of 16.75MW, generating 17 million kWh annually[155] - The company's subsidiaries, including Hisense Visual Technology, Guiyang Hisense Electronics, and Guangdong Hisense Electronics, all met national and local environmental standards for wastewater and exhaust emissions[149][151] - The company established and maintained an environmental management system in compliance with ISO 14001:2015 standards[154] - The company disclosed its 2022 Social Responsibility Report on the Shanghai Stock Exchange website on March 31, 2023[156] - The company's internal control audit report received a standard unqualified opinion[147] - The company did not acquire any new subsidiaries during the reporting period[147] - The company's environmental protection facilities, including wastewater and exhaust treatment systems, operated normally throughout the reporting period[152] Corporate Governance and Compensation - The company maintains independence in personnel, finance, assets, and operations, with no significant conflicts of interest with its controlling shareholder[114] - The 2021 annual general meeting approved various reports, financial statements, and governance-related resolutions, including profit distribution and auditor reappointment[116] - Total pre-tax compensation for directors and supervisors in 2022 was 6.0715 million yuan[119] - Yu Zhitao, the president, received a pre-tax compensation of 2.9899 million yuan in 2022[118] - Wang Hui, the financial officer, received a pre-tax compensation of 1.1036 million yuan in 2022[118] - Liu Shasha, the board secretary, received a pre-tax compensation of 753,200 yuan in 2022[118] - Zhang Ranran, the employee representative supervisor, received a pre-tax compensation of 674,800 yuan in 2022[118] - Li Jia, the former financial officer, received a pre-tax compensation of 70,000 yuan in 2022[118] - The total number of shares held by directors and supervisors at the end of 2022 was 2,879,380 shares[119] - No changes in the number of shares held by directors and supervisors during the year[118] - Yu Zhitao holds 1,450,000 shares, the highest among directors and supervisors[118] - Li Wei, the president, holds 450,000 shares[118] - Total compensation for all directors, supervisors, and senior management in 2022 amounted to 6.07 million RMB[127] - The company approved the 2021 annual report, 2022 Q1 report, and 2021 financial report during the 15th meeting of the 9th Board of Directors[128] - The company approved the 2022 semi-annual report and adjusted the repurchase price for the 2021 restricted stock incentive plan during the 19th and 20th meetings of the 9th Board of Directors[129] - The company approved the 2022 Q3 report and various board committee working rules during the 21st meeting of the 9th Board of Directors[129] - The company approved the acquisition of additional shares in Xiamen Changelight Co., Ltd. with the intention of gaining control during the 22nd meeting of the 9th Board of Directors[129] - The company held a total of 13 board meetings in the year, with 9 being in-person and 4 conducted via telecommunication[131] - The company's total number of employees is 16,043, with 5,911 in the parent company and 10,132 in major subsidiaries[135] - The company's employee composition includes 6,022 production personnel, 6,239 sales personnel, and 3,232 technical personnel[136] - The company's education level breakdown shows 1,900 employees with a master's degree or higher, 5,887 with a bachelor's degree or college diploma, and 8,256 with a high school education or below[136] - The company distributed a total cash dividend of 381 million yuan in 2021, accounting for 33.52% of the net profit attributable to shareholders[138] - The company's cash dividend policy emphasizes continuous and stable profit distribution, balancing investor returns with long-term development[138] - The company's audit committee held 5 meetings in 2022, focusing on internal control, risk management, and financial reporting[133] - The company's strategic committee suggested exploring opportunities in the high-growth, large-scale housing rental market for display products[133] - The company's training plan focuses on long-term talent development, offering different career paths and development platforms for employees[137] - The company's board of directors had a 100% attendance rate

Financial Performance - Revenue for Q3 2022 was CNY 12,297,068,605.34, a decrease of 5.14% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was CNY 513,392,186.49, an increase of 116.19% year-over-year[4] - Net profit excluding non-recurring gains and losses for Q3 2022 was CNY 447,706,618.07, up 171.54% from the previous year[4] - Basic earnings per share for Q3 2022 was CNY 0.379, reflecting a growth of 107.10% year-over-year[4] - Total operating revenue for the first three quarters of 2022 was approximately ¥32.51 billion, a decrease of 4.14% compared to ¥33.92 billion in the same period of 2021[14] - Net profit for the first three quarters of 2022 reached approximately ¥1.48 billion, an increase of 51.54% compared to ¥978.65 million in the same period of 2021[15] - Basic earnings per share for the first three quarters of 2022 were ¥0.834, an increase from ¥0.481 in the same period of 2021[15] Assets and Liabilities - Total assets at the end of Q3 2022 reached CNY 33,451,389,511.53, a slight increase of 0.57% from the end of the previous year[4] - As of September 30, 2022, the total assets of Hisense Visual Technology Co., Ltd. amounted to RMB 33.45 billion, an increase from RMB 33.26 billion at the end of 2021, representing a growth of approximately 0.57%[12] - The total current assets stood at RMB 27.48 billion, slightly down from RMB 27.98 billion, indicating a decrease of approximately 1.81%[11] - The total liabilities decreased to RMB 14.39 billion from RMB 15.08 billion, a decline of approximately 4.59%[13] - The equity attributable to shareholders of the parent company increased to RMB 16.82 billion from RMB 16.09 billion, marking an increase of about 4.52%[13] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 3,863,407,121.85, indicating improved operational efficiency[6] - Cash flow from operating activities generated a net amount of approximately ¥3.86 billion, a significant improvement from a net outflow of approximately ¥1.63 billion in the same period of 2021[16] - The company achieved cash inflow from operating activities totaling approximately ¥34.01 billion, compared to ¥32.54 billion in the same period of 2021[16] - Cash outflow from investment activities totaled ¥17,670,294,168.23, an increase from ¥13,903,059,977.96 in the previous year[17] - Net cash flow from investment activities was -¥4,182,400,480.03, compared to a positive cash flow of ¥2,263,793,301.07 in the same period last year[17] - Total cash inflow from financing activities was ¥5,889,158,112.78, down from ¥6,440,469,585.77 year-over-year[17] - Net cash flow from financing activities was -¥1,142,262,455.88, compared to -¥731,784,252.79 in the previous year[17] - The net increase in cash and cash equivalents was -¥1,436,286,621.09, compared to -¥83,757,125.54 in the same period last year[17] - The ending balance of cash and cash equivalents was ¥610,228,590.49, down from ¥1,002,795,613.27 year-over-year[17] Investments and Expenses - Research and development expenses increased to approximately ¥1.50 billion, up 11.66% from ¥1.34 billion year-over-year[14] - The company's long-term investments rose to RMB 484.93 million from RMB 367.25 million, an increase of approximately 32.00%[12] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was ¥170,168,417.81, compared to ¥126,059,926.96 in the previous year[17] - Cash paid for investment activities was ¥17,459,733,175.67, an increase from ¥13,775,000,000.00 year-over-year[17] - The company recorded a decrease in sales expenses to approximately ¥2.42 billion, down from ¥2.49 billion year-over-year[14] Market Position and Strategy - The company plans to continue enhancing its market position through technology upgrades and product innovation[6] - Shareholder structure shows that Hisense Group holds 30.02% of the shares, indicating strong institutional support[7]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥20,214,216,321.91, a decrease of 3.55% compared to ¥20,957,890,515.88 in the same period last year[15]. - Net profit attributable to shareholders was ¥593,679,623.04, representing a significant increase of 52.82% from ¥388,482,869.36 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was ¥403,402,119.62, up 93.58% from ¥208,388,455.35 year-on-year[15]. - The net cash flow from operating activities was ¥3,348,231,853.45, a substantial recovery from a negative cash flow of ¥1,577,364,896.07 in the same period last year[15]. - The company's total assets decreased by 4.66% to ¥31,712,760,653.32 from ¥33,261,727,262.72 at the end of the previous year[15]. - The net assets attributable to shareholders increased by 3.43% to ¥16,638,577,737.39 from ¥16,086,394,906.96 at the end of the previous year[15]. - Basic earnings per share for the first half of 2022 were ¥0.455, an increase of 52.68% compared to ¥0.298 in the same period last year[16]. - The weighted average return on net assets rose to 3.63%, an increase of 1.17 percentage points from 2.46% in the previous year[16]. Market Trends - The company faced a slight decline in operating revenue primarily due to a decrease in export income[15]. - In the first half of 2022, global TV sales reached 92.6 million units, with a revenue of $47.5 billion, representing a year-on-year decline of 6.6% and 12.5% respectively[18]. - The Chinese market saw a total retail volume of 16.72 million units, down 6.2% year-on-year, and a retail revenue decline of 10.5%[18]. - The market share of TVs 75 inches and above increased to 35.91%, up 13.92 percentage points year-on-year, indicating a shift towards larger screen products[18]. - Hisense ranked first in brand recognition and unaided first mention rate in the Chinese TV market, with a significant increase of 5 percentage points compared to the end of 2021[21]. - In Q2 2022, Hisense TV shipments ranked second globally, while revenue ranked third, maintaining the top retail revenue position in China for the first half of 2022[19]. - Hisense's laser TVs held a global market share of 49.5% in the first half of 2022, leading the industry[19]. - Vidda's retail volume in the Chinese color TV market grew by 148.6% year-on-year, achieving a market share of over 10% during the "May Day" week[21]. Product Development and Innovation - The company has developed and mass-produced the fifth generation display quality processing chip, including China's first fully self-developed 8K AI quality chip[19]. - The company launched the U7H series, which became the best-selling television in China within 10 weeks of its release, showcasing strong market demand[30]. - The company launched two new self-developed 4K long-focus laser commercial projectors, achieving a brightness of up to 10,000 lumens and capable of projecting images from 80 to 500 inches[36]. - The company introduced the "Vision One" and "Vision X" LED display product series, with the flagship "Vision One" featuring a 163-inch 4K ultra-high-definition screen using Micro LED technology[39]. - The company is actively investing in Micro LED technology, enhancing its core capabilities in LED chip technology and mass transfer technology[23]. - The company is expanding its product offerings across various consumer scenarios, including home fitness and gaming, to enhance user experience[25]. Financial Management - The company's financial expenses decreased by 78.88% to ¥6,859,796.67, primarily due to changes in foreign currency asset and liability balances[46]. - The company's investment income fell by 33.09% to ¥121,859,187.09, attributed to reduced returns from financial products and long-term equity investments[46]. - The company has established an energy management system to intelligently manage energy consumption during production processes[68]. - The company has committed to maintaining its independence as a listed company and avoiding competition with related parties, with commitments made in December 2019 and December 2020 being fulfilled[70]. Environmental and Social Responsibility - The company reported that all wastewater and exhaust emissions met the required standards in the first half of 2022[63][64][65]. - The company has installed wastewater and exhaust gas treatment facilities, which are operating normally[66]. - The company has established an environmental management system in accordance with legal requirements and ISO 14001:2015 standards, with all pollutant emissions meeting national and local environmental standards[67]. - The company has implemented measures to reduce carbon emissions, including the installation of solar street lights and a photovoltaic power generation system with an annual output of 5.4 million kWh[68]. Corporate Governance - The company has appointed Wang Hui as the new financial officer, replacing Li Jia[57]. - The company approved the repurchase and cancellation of 609,000 restricted stocks that had been granted but not yet released from restrictions on June 9, 2022[60]. - The company has complied with all commitments related to related party transactions and has no non-operating fund occupation issues[70][72]. - There were no significant lawsuits or arbitration matters during the reporting period[72]. Taxation and Compliance - The company and its subsidiaries benefit from a reduced corporate income tax rate of 15% due to their status as high-tech enterprises, valid from 2020 to 2022[197]. - The company is eligible for a VAT refund on the portion of VAT burden exceeding 3% for self-developed software products, taxed at a rate of 13%[198]. - The company has implemented a VAT policy that allows for a 10% deduction on taxable income based on the deductible input VAT for its production service sector from April 1, 2019, to December 31, 2022[199]. - The company has been actively engaging in tax policy compliance to maximize its financial efficiency and reduce tax liabilities[199].

Financial Performance - The company's operating revenue for Q1 2022 was ¥10,184,415,867.34, representing a decrease of 1.86% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥298,559,631.75, an increase of 47.17% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥224,047,521.89, reflecting an increase of 83.48% compared to the previous year[4]. - The basic earnings per share for the period was ¥0.229, up by 47.74% year-on-year[4]. - Total revenue for Q1 2022 was ¥10,184,415,867.34, a decrease of 1.86% compared to ¥10,377,754,603.36 in Q1 2021[14]. - Net profit for Q1 2022 reached CNY 435.28 million, compared to CNY 294.14 million in Q1 2021, reflecting a year-over-year increase of 47.9%[16]. - Earnings per share for Q1 2022 were CNY 0.23, up from CNY 0.16 in Q1 2021, indicating a growth of 43.8%[17]. - The total comprehensive income for Q1 2022 was CNY 494.68 million, up from CNY 293.80 million in Q1 2021, reflecting a growth of 68.3%[17]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,808,726,569.58, a decrease of 4.37% from the end of the previous year[5]. - Current assets decreased to ¥25,668,071,481.65 from ¥27,979,865,337.52, representing a decline of approximately 8.25%[12]. - Total assets amounted to ¥31,808,726,569.58, down from ¥33,261,727,262.72, indicating a reduction of about 4.37%[13]. - Total liabilities decreased to ¥13,277,628,388.24 from ¥15,082,587,268.30, reflecting a decline of approximately 11.94%[13]. - The company's cash and cash equivalents were ¥3,750,058,472.84, down from ¥4,055,227,563.64, a decrease of about 7.5%[12]. - Accounts receivable decreased to ¥3,240,071,287.01 from ¥4,281,999,289.43, a decline of approximately 24.4%[12]. - Inventory decreased to ¥4,570,705,284.61 from ¥5,135,301,405.41, representing a reduction of about 11%[12]. - Non-current assets increased to ¥6,140,655,087.93 from ¥5,281,861,925.20, an increase of approximately 16.3%[12]. - The company's retained earnings rose to ¥11,416,359,407.49 from ¥11,117,799,775.74, an increase of about 2.68%[13]. - The total equity increased to ¥18,531,098,181.34 from ¥18,179,139,994.42, reflecting a growth of approximately 1.93%[13]. Cash Flow - The net cash flow from operating activities was ¥1,248,285,628.60, with significant cash inflow due to improved inventory turnover and increased receivables collection[4][7]. - The company reported a net cash inflow from operating activities of CNY 11.26 billion for Q1 2022, compared to CNY 9.88 billion in Q1 2021, representing an increase of 14.0%[18]. - The net cash flow from operating activities was 1,248,285,628.60, compared to a negative cash flow of -1,346,265,169.74 in the previous year, indicating a significant improvement[19]. - Total cash inflow from investment activities was 2,989,252,899.42, down from 4,284,005,649.12 in the same quarter last year[19]. - The net cash flow from investment activities was -922,979,283.09, contrasting with a positive cash flow of 843,325,876.51 in the previous year[19]. - Cash inflow from financing activities totaled 2,044,063,109.23, slightly down from 2,082,268,681.97 year-over-year[19]. - The net cash flow from financing activities was -961,789,719.73, compared to -52,825,860.36 in the same quarter last year[19]. - The ending balance of cash and cash equivalents was 1,411,934,558.92, compared to 543,769,494.48 at the end of the previous year[20]. - Total cash outflow from operating activities was 10,294,820,814.17, down from 11,576,330,907.43 year-over-year[19]. - Cash paid for purchasing goods and services was 8,201,809,684.67, a decrease from 9,574,127,765.03 in the previous year[19]. - Cash paid for employee compensation was 1,008,402,526.96, slightly up from 1,000,464,356.62 year-over-year[19]. - Cash paid for taxes was 283,256,281.28, compared to 247,920,009.49 in the same quarter last year[19]. Shareholder Information - The top shareholder, Hisense Group Holdings Co., Ltd., holds 30.002% of the shares, while the second-largest shareholder, Hisense Group Co., Ltd., holds 16.53%[8]. - The company received government subsidies amounting to ¥11,539,601.35 during the reporting period[6]. Expenses - Total operating costs for Q1 2022 were CNY 9.86 billion, a decrease from CNY 10.15 billion in Q1 2021, showing a reduction of 2.9%[16]. - Research and development expenses for Q1 2022 amounted to CNY 462.85 million, an increase from CNY 428.31 million in Q1 2021, representing a growth of 8.0%[16]. - Sales expenses for Q1 2022 were CNY 740.44 million, a slight decrease from CNY 768.79 million in Q1 2021, indicating a reduction of 3.7%[16]. - Other comprehensive income after tax for Q1 2022 was CNY 59.40 million, compared to a loss of CNY 0.34 million in Q1 2021[17]. - Investment income for Q1 2022 was CNY 67.73 million, significantly higher than CNY 30.48 million in Q1 2021, marking an increase of 121.5%[16].

Group 1: Laser Display Product Layout and Launch Plans - The company’s laser display products cover both terminal machines and upstream core components, including home displays (laser TVs, laser cinemas, portable smart projectors) and commercial displays (laser projectors, conference display equipment, educational display devices) [3] - The launch plan includes releasing new laser TV models in late March to April 2022, with a focus on reducing the main unit size and lowering entry prices [3] - The first pure three-color laser high-quality 4K portable smart projector is expected to be launched in 2022, targeting the young demographic [3] Group 2: Market Share and High-End Development - As of March 13, 2022, the company’s brands (Hisense, Vidda, and Toshiba) achieved a sales revenue market share of 24.38%, an increase of 4 percentage points year-on-year [4] - The Hisense brand's market share in the high-end segment reached 32.43% from February 28 to March 13, 2022, marking a 9.6 percentage point increase year-on-year [4] Group 3: Measures to Enhance Smart Display Terminal Industry - The profitability of the smart display terminal industry improved in Q4 2021 due to the implementation of advanced manufacturing strategies and optimization of product structure and marketing systems [5] - The company plans to continue enhancing industry quality through advanced manufacturing and efficiency improvement measures in Q1 2022 [5] Group 4: Chip Products and Market Strategy - The company’s chip products include display chips and AIoT smart appliance chips, with a significant portion of revenue coming from external sales [6] - The first self-developed 8K AI quality chip was launched at the end of 2021 and is now in production, applicable to various display devices [6] Group 5: Response to Market Uncertainties - The company maintains a global market layout and a diversified development strategy to enhance risk resistance amid uncertainties in overseas markets [6] - Plans for 2022 include leveraging sponsorship of the 2022 World Cup for brand promotion, expanding into high-growth regions like Asia-Pacific, and enhancing overseas production efficiency [6]

Financial Performance - The company's operating revenue for Q3 2021 was ¥12,963,210,754.06, representing a year-on-year increase of 11.95%[4] - The net profit attributable to shareholders for Q3 2021 was ¥237,470,527.66, an increase of 13.33% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥164,876,870.21, showing a significant increase of 105.21% year-on-year[4] - The basic earnings per share for Q3 2021 was ¥0.183, reflecting a growth of 14.38% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥33.92 billion, a 23.5% increase from ¥27.48 billion in the same period of 2020[16] - Net profit for the first three quarters of 2021 was ¥978.65 million, up 24.6% from ¥785.41 million in the previous year[17] - Operating profit for the first three quarters of 2021 was ¥1.09 billion, compared to ¥901.42 million in the same period of 2020, reflecting a growth of 20.6%[17] - The company reported a basic earnings per share of ¥0.481 for the first three quarters of 2021, compared to ¥0.440 in the same period of 2020[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥33,092,120,744.09, an increase of 5.20% from the end of the previous year[5] - As of September 30, 2021, total assets reached RMB 33,092,120,744.09, an increase from RMB 31,456,348,309.87 at the end of 2020, reflecting a growth of approximately 5.2%[13] - Total liabilities as of the end of Q3 2021 amounted to ¥15.53 billion, up from ¥13.98 billion at the end of Q3 2020, indicating a growth of 11.1%[15] - The company’s total liabilities decreased to RMB 15,000,000,000.00 from RMB 15,500,000,000.00, reflecting a reduction of about 3.2%[14] - Total current liabilities were ¥12,745,952,094.06, showing a slight increase of ¥91,325.87[22] - The company reported a non-current liability total of ¥1,235,637,278.64, which increased by ¥82,815,119.33 from the previous period[22] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥1,632,860,388.75, a decrease of 895.25% compared to the same period last year[4] - The net cash flow from operating activities for Q3 2021 was -1,632,860,388.75 RMB, a decrease compared to 205,326,582.75 RMB in Q3 2020[18] - Total cash inflow from operating activities was 32,542,068,911.97 RMB, up from 27,355,646,017.31 RMB year-over-year[18] - Cash outflow from operating activities increased to 34,174,929,300.72 RMB, compared to 27,150,319,434.56 RMB in the previous year[18] - Cash flow from investment activities showed a net inflow of 2,263,793,301.07 RMB, significantly higher than 281,734,614.37 RMB in Q3 2020[19] - Cash inflow from financing activities totaled 6,440,469,585.77 RMB, compared to 4,229,407,142.92 RMB in the same quarter last year[19] - The net cash flow from financing activities was -731,784,252.79 RMB, an improvement from -850,117,326.64 RMB in Q3 2020[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,591[9] - The largest shareholder, Hisense Group Holdings Co., Ltd., held 29.99% of the shares[9] - The total equity attributable to shareholders of the parent company was ¥15.58 billion, slightly up from ¥15.57 billion in the previous year[15] - The company’s total equity, including minority interests, was ¥17,474,758,937.17, remaining stable[23] Expenses and Investments - Research and development expenses increased to ¥1.34 billion, a rise of 13.6% from ¥1.18 billion in the previous year[16] - The company’s long-term equity investments increased to RMB 453,929,782.48 from RMB 394,993,353.48, reflecting a growth of approximately 14.9%[14] - The company recognized a deferred tax liability of ¥192,793,370.78, consistent with the previous period[22]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥20,957,890,515.88, representing a 31.80% increase compared to ¥15,900,745,176.26 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥388,482,869.36, a 6.19% increase from ¥365,823,113.97 in the previous year[15]. - The net profit after deducting non-recurring gains and losses surged to ¥208,388,455.35, a significant increase of 2,337.48% compared to ¥8,549,356.47 in the same period last year[15]. - The basic earnings per share for the first half of 2021 was ¥0.298, up 6.43% from ¥0.280 in the previous year[16]. - The total comprehensive income for the first half of 2021 was ¥596.08 million, compared to ¥434.10 million in the same period of 2020, indicating a growth of 37.3%[128]. - The company achieved a net profit attributable to shareholders of ¥388.48 million, compared to ¥365.82 million in the first half of 2020, reflecting a growth of 6.6%[129]. - The company reported a gross profit margin of approximately 1.8% for the first half of 2021, compared to 2.3% in the same period of 2020[127]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥31,574,415,302.38, a slight increase of 0.38% from ¥31,456,348,309.87 at the end of the previous year[15]. - The total liabilities amounted to CNY 14,067,632,461.65, reflecting a slight increase from CNY 13,981,589,372.70, indicating a growth of approximately 0.62%[122]. - The total equity attributable to shareholders was CNY 17,506,782,840.73, up from CNY 17,474,758,937.17, reflecting a growth of approximately 0.18%[122]. - The company's cash and cash equivalents decreased to CNY 2,728,002,671.26 from CNY 2,917,530,735.02, a decline of about 6.5%[121]. - The company's long-term borrowings remained stable at CNY 506,500,000.00, unchanged from the previous period[122]. Cash Flow - The net cash flow from operating activities was negative at -¥1,577,364,896.07, a decline of 218.96% compared to ¥1,325,983,769.09 in the same period last year[15]. - Cash inflow from operating activities was approximately ¥21.37 billion, an increase from ¥17.92 billion in the first half of 2020, reflecting a growth of about 19.00%[133]. - Cash outflow from operating activities totaled approximately ¥22.95 billion, compared to ¥16.60 billion in the same period of 2020, indicating an increase of approximately 38.00%[133]. - The net cash flow from investment activities was approximately ¥1.91 billion, a significant improvement from a negative cash flow of -¥337.18 million in the same period of 2020[135]. - The ending cash and cash equivalents balance was approximately ¥939.94 million, down from ¥2.06 billion at the end of the first half of 2020[135]. Market Performance - The global TV shipment volume reached approximately 98 million units in the first half of 2021, representing a year-on-year growth of 6.8%[24]. - In China, the color TV market sales volume decreased by 14.7% year-on-year, while sales revenue increased by 15.1%, with an average price increase of 34.9%[25]. - The average selling price of Hisense televisions globally increased by 33.5%, outperforming the industry average by 6.8 percentage points[45]. - In the Chinese market, Hisense's retail market share for televisions reached 19.5%, a 2.1 percentage point increase, with laser televisions accounting for 79.8% of sales in that category[46]. - In North America, Hisense's television market share was 10.2% in the U.S. and 14.8% in Mexico, ranking third[48]. Research and Development - Research and development expenses were ¥884,930,200.36, up 20.45% from ¥734,702,829.85, indicating a focus on innovation[72]. - The company has applied for a total of 1,439 patents in the laser display field, with 575 patents granted, including 57 foreign patents[58]. - The company is focusing on integrating industry resources to create a scenario-based application ecosystem, enhancing competitiveness in large-screen products[61]. Environmental and Social Responsibility - The company has installed online monitoring facilities for wastewater discharge, with real-time data uploaded to the ecological environment bureau's website[93]. - The company generated 5.63 million kWh of electricity from its rooftop solar photovoltaic system, contributing to its carbon reduction efforts[95]. - The company has committed to environmental protection measures, including the installation of pollution control facilities for waste gas and wastewater[94]. Corporate Governance - The company did not distribute dividends or bonus shares for the reporting period, with no plans for profit distribution or capital reserve transfer[87]. - The company has committed to maintaining its independence and avoiding competition with its controlling shareholder, with long-term commitments made since December 2019[97]. - The company provided a total guarantee amount of RMB 1,020,240,522, which accounts for 5.83% of its net assets[109].

Financial Performance - The company's operating revenue for 2020 was approximately ¥39.31 billion, an increase of 15.28% compared to ¥34.10 billion in 2019[13]. - The net profit attributable to shareholders of the listed company reached approximately ¥1.20 billion, representing a significant increase of 114.98% from ¥556.07 million in the previous year[13]. - The basic earnings per share for 2020 was ¥0.914, up 115.06% from ¥0.425 in 2019[14]. - The weighted average return on net assets increased to 7.92%, up by 4.05 percentage points from 3.87% in 2019[14]. - The company reported a significant increase in paid users in the education sector, with a growth rate of 335% year-on-year[25]. - The total operating revenue for 2020 reached ¥39,314,718,113.16, an increase from ¥34,104,738,789.95 in 2019, representing a growth of approximately 15.5%[126]. - The total profit for 2020 was approximately ¥1.64 billion, compared to ¥763.47 million in 2019, marking a significant increase of 115%[127]. - The company reported a comprehensive income total of approximately ¥1.48 billion for 2020, compared to ¥808.27 million in 2019, showing a growth of 83%[127]. Cash Flow and Financial Position - The net cash flow from operating activities was approximately ¥124.23 million, a decrease of 93.04% compared to ¥1.78 billion in 2019[13]. - The company's cash flow from financing activities showed a significant outflow of ¥1.75 billion, an increase of 268.96% compared to the previous year[34]. - The total cash and cash equivalents at the end of 2020 were CNY 1,086,552,738.81, down from CNY 1,791,982,236.59 at the end of 2019[134]. - The company reported a total sales revenue of CNY 38,159,209,454.20 for the year, compared to CNY 37,189,022,620.36 in the previous year, indicating a growth of approximately 2.6%[132]. - The net cash flow from investment activities improved to CNY 888,582,113.55 in 2020, recovering from a negative cash flow of CNY 1,672,712,330.00 in 2019[133]. Assets and Liabilities - The total assets at the end of 2020 amounted to approximately ¥31.46 billion, reflecting a growth of 7.45% from ¥29.27 billion at the end of 2019[13]. - Total liabilities reached ¥13,981,589,372.70 in 2020, compared to ¥13,008,170,472.45 in 2019, marking a growth of approximately 7.47%[122]. - Accounts receivable surged to ¥4,761,366,618.03 in 2020, compared to ¥2,958,102,562.41 in 2019, showing an increase of approximately 60.93%[123]. - Inventory levels increased significantly to ¥1,822,874,224.00 in 2020 from ¥1,067,813,408.86 in 2019, representing a growth of about 70.73%[123]. - The company's total liabilities increased to ¥8,804,347,939.65 in 2020 from ¥7,937,313,836.14 in 2019, representing a rise of about 10.9%[125]. Research and Development - Research and development expenses rose by 22.02% to ¥1.74 billion, representing 4.43% of total operating revenue[33]. - The company successfully developed key technologies for 4K monitors and launched several new products, breaking the market dominance of Japanese and Korean brands[24]. - The company aims to accelerate the research of Micro-LED and Mini-LED core components, with Micro-LED products expected to launch in 2021[45]. Market Performance - The company maintained a 19.0% market share in China's retail television market, an increase of 1.07 percentage points year-on-year[23]. - The overseas market experienced a 31% growth, with the U.S. market growing by 64% and Canada by 59%[23]. - The laser television segment achieved a 22.13% year-on-year growth, with the company holding a 32.74% market share in the 80+ inch segment[23]. Corporate Governance and Management - The company has a diverse board with members holding positions in various other organizations, enhancing its governance structure[97]. - The management team includes experienced professionals from various sectors, contributing to strategic decision-making[96]. - The company emphasizes the importance of corporate governance and accountability through its independent directors[97]. Shareholder Information - The largest shareholder, Hisense Group Holdings Co., Ltd., holds 392,505,971 shares, representing 29.99% of the total shares[82]. - The report indicates that there are no restrictions on the shares held by the top ten unrestricted shareholders[83]. - Hisense Group Holdings Co., Ltd. is involved in various businesses, including home appliance R&D, manufacturing, and sales, as well as real estate and investment activities[84]. Financial Management and Investments - The company has entrusted a total of ¥1,787,200,000 in financial management, with an outstanding balance of ¥722,650,950[61]. - The company plans to continue its financial management strategy in the future[62]. - The company recognizes investment income from the disposal of long-term equity investments, with the difference between the book value and actual proceeds recorded in the current period[181]. Compliance and Audit - The audit report confirms that the financial statements fairly reflect the company's financial position as of December 31, 2020[110]. - The company has established internal controls to ensure compliance with corporate governance standards[103]. - The management is tasked with evaluating the company's ability to continue as a going concern, disclosing relevant matters as necessary[117].