Financial Performance - Operating revenue for the first nine months was ¥3,306,873,301.03, representing a year-on-year growth of 32.46%[17] - Net profit attributable to shareholders was ¥154,727,536.66, a decrease of 11.69% compared to the same period last year[17] - Basic and diluted earnings per share were both ¥0.3489, down 11.69% from the previous year[17] - The company reported a net profit after deducting non-recurring gains and losses of ¥140,745,771.68, a decrease of 15.04% year-on-year[17] - Total operating revenue for Q3 2019 reached ¥1,233,665,007.35, a 51.0% increase from ¥816,611,398.43 in Q3 2018[57] - Net profit for Q3 2019 was ¥68,981,959.89, compared to ¥71,360,411.51 in Q3 2018, reflecting a decrease of 3.9%[61] - Total revenue for Q3 2019 was CNY 11,798,145.31, a decrease from CNY 21,368,009.11 in Q3 2018, representing a decline of approximately 44.5%[66] - Net profit for Q3 2019 was CNY 44,010,002.94, compared to CNY 45,399,341.38 in Q3 2018, reflecting a decrease of about 3.1%[69] Cash Flow - Net cash flow from operating activities was -¥95,394,042.30, a decline of 187.58% year-on-year[17] - Operating cash inflow for the first three quarters of 2019 was CNY 2,819,017,635.26, an increase from CNY 2,325,601,652.10 in the same period of 2018, representing a growth of approximately 21.2%[71] - Net cash flow from operating activities for the first three quarters of 2019 was CNY -95,394,042.30, compared to CNY 108,918,993.01 in the same period of 2018, indicating a decline[71] - Net cash flow from financing activities for the first three quarters of 2019 was CNY 155,627,427.33, a significant improvement from CNY -126,940,010.17 in the same period of 2018[74] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,770,801,504.16, an increase of 12.41% compared to the end of the previous year[17] - Current liabilities rose to ¥2,822,449,954.46, compared to ¥2,341,744,262.53, reflecting an increase of about 20.5%[46] - Total liabilities increased to ¥2,872,062,376.45 from ¥2,380,665,925.31, reflecting an increase of about 20.6%[48] - Non-current assets totaled ¥2,624,319,956.76, up from ¥2,263,596,748.44, indicating a growth of approximately 16%[52] - The company's cash and cash equivalents at the end of the period were ¥511,074,757.90, with discrepancies noted in restricted cash[37] - Total assets amounted to CNY 5,133,824,950.78, with current assets at CNY 3,081,195,121.96 and non-current assets at CNY 2,052,629,828.82[83] - Total liabilities reached CNY 2,380,665,925.31, with current liabilities totaling CNY 2,341,744,262.53[85] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,599[23] - The largest shareholder, Jiangxi Electronic Group Co., Ltd., held 21.14% of the shares, with 93,762,092 shares pledged[23] - The total equity attributable to shareholders increased to ¥2,577,384,923.05 from ¥2,446,120,860.04, indicating a growth of about 5.4%[48] Expenses and Costs - Financial expenses increased by 99.34% to ¥42,259,969.98 from ¥21,199,462.20 year-over-year[30] - Total operating costs for Q3 2019 were ¥1,226,160,351.10, up 52.7% from ¥803,141,425.46 in Q3 2018[57] - Research and development expenses for Q3 2019 totaled ¥40,398,617.20, an increase from ¥30,256,495.07 in Q3 2018[57] - Financial expenses for Q3 2019 were CNY 6,897,599.77, significantly higher than CNY 2,657,073.40 in Q3 2018, indicating an increase of about 159.5%[66] Inventory and Receivables - Accounts receivable increased by 71.71% to ¥310,231,664.36 from ¥180,670,761.12 year-over-year[30] - The company's inventory decreased to ¥1,313,505.89 from ¥1,665,999.23, a decline of approximately 21.1%[48] - Accounts receivable decreased to ¥37,815,455.27 from ¥50,315,187.10, representing a decline of approximately 25%[48]

Financial Performance - The company's operating revenue for the first half of 2019 was RMB 2,073,208,293.68, representing a 23.41% increase compared to RMB 1,679,927,068.19 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 15.66% to RMB 96,422,702.77 from RMB 114,321,284.37 year-on-year[20]. - Basic earnings per share decreased by 15.67% to RMB 0.2174 from RMB 0.2578 in the same period last year[20]. - The weighted average return on net assets decreased by 1.11 percentage points to 3.87% from 4.98% year-on-year[20]. - The net profit for the period was 96.42 million RMB, a decrease of 15.66% compared to the same period last year, primarily due to rising labor costs, quality control costs, and increased raw material prices[33]. - The company reported a total of 6.29 million RMB in non-recurring gains and losses for the period[23]. - The company reported a net cash flow from investment activities of ¥67,183,686.45, a substantial increase of 2,492.17% from ¥2,591,796.13[38]. - The company reported a total operating revenue of 2.073 billion RMB, representing a year-on-year growth of 23.41%[33]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -124,781,583.49, a significant decline of 367.39% compared to RMB 46,666,159.34 in the previous year[20]. - Cash flow from operating activities for the first half of 2019 was CNY 1,645,595,219.60, an increase of 28% from CNY 1,286,653,147.27 in the same period of 2018[118]. - Total cash inflow from operating activities amounted to 1,778,353,634.16 CNY, up from 1,489,826,813.24 CNY, reflecting a growth of approximately 19.4%[121]. - Cash outflow from operating activities increased to 1,903,135,217.65 CNY, compared to 1,443,160,653.90 CNY, representing a rise of about 32%[121]. - The ending balance of cash and cash equivalents was 479,247,980.18 CNY, up from 367,978,457.12 CNY, indicating a positive change in liquidity[123]. Assets and Liabilities - The total assets of the company increased by 8.04% to RMB 5,546,633,375.94 from RMB 5,133,824,950.78 at the end of the previous year[20]. - Current liabilities totaled CNY 2,666,791,771.95, which is an increase of 13.87% from CNY 2,341,744,262.53[99]. - The total liabilities amounted to CNY 2,717,456,642.15, up from CNY 2,380,665,925.31, indicating a rise of 14.16%[101]. - The total non-current assets reached CNY 2,238,961,965.59, up from CNY 2,052,629,828.82, reflecting an increase of 9.06%[99]. - The total equity attributable to shareholders of the parent company was CNY 2,518,499,655.13, an increase of 2.95% from CNY 2,446,120,860.04[101]. Research and Development - Research and development expenses rose by 8.13% to ¥69,185,226.37, attributed to increased investment in new product development[39]. - The company developed new technologies and products, including various types of LED backlight sources and high-temperature superconducting induction heating devices, to support industrial transformation[34]. - The company is recognized as a key high-tech enterprise under the National Torch Program and has established several research centers to enhance its technological capabilities[31]. Market and Industry Trends - The LED backlight and application products segment experienced explosive growth with a revenue increase of 82% year-on-year[34]. - The LED industry in China is expected to grow at a compound annual growth rate of approximately 18% from 2018 to 2020, driven by policy support and increasing market demand[28]. - The fiber optic cable industry is rapidly developing, with China becoming the largest manufacturer and market for fiber optic cables globally[28]. Corporate Governance and Compliance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - The company has no major litigation or arbitration matters during the reporting period[63]. - The company has no significant related party transactions during the reporting period[66]. - The company complies with environmental protection laws and has not faced penalties for violations during the reporting period[76]. Shareholder Information - The largest shareholder, Jiangxi Electronic Group Co., Ltd., holds 93,762,092 shares, accounting for 21.14% of the total shares[84]. - As of the end of the reporting period, the total number of common shareholders was 39,295[84]. - The company has committed to distributing at least 30% of the average distributable profit from the last three years in cash dividends from 2018 to 2020[59]. Strategic Initiatives - The company aims to leverage its existing R&D capabilities to enhance its strategic focus on high-tech industries and increase investment in industrial upgrades and transformation projects[37]. - The company is focusing on scaling operations and differentiating its products to mitigate competitive pressures in the LED market[52]. - The company plans to enhance internal controls and management efficiency to address operational risks due to decentralized production[52]. Accounting and Financial Reporting - The financial statements were approved by the board of directors on August 16, 2019[151]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial reports reflect a true and complete picture of its financial status[158]. - The company has made adjustments to its accounting policies in accordance with the new financial instrument standards effective from January 1, 2019[79].

2019 年第一季度报告 公司代码：600363 公司简称：联创光电 江西联创光电科技股份有限公司 2019 年第一季度报告 1 / 25 2019 年第一季度报告 | --- | --- | |------------------|-------| | | | | | | | 目录 | | | | | | 一、重要提示. | | | 二、公司基本情况 | | | 三、重要事项 . | | | 四、附录 | | 2 / 25 2019 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人曾智斌、主管会计工作负责人陈国锋及会计机构负责人（会计主管人员）唐征保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |---------------------------------------- ...

Financial Performance - The company's operating revenue for 2018 was RMB 3,445,562,477.86, representing a 14.50% increase compared to RMB 3,009,262,847.19 in 2017[25] - The net profit attributable to shareholders of the listed company was RMB 227,161,742.82, an increase of 14.01% from RMB 199,241,521.04 in the previous year[25] - The net profit after deducting non-recurring gains and losses was RMB 213,175,944.64, reflecting a 13.71% increase from RMB 187,467,526.35 in 2017[25] - The net cash flow from operating activities was RMB 37,381,576.10, up 9.95% from RMB 33,997,263.66 in 2017[25] - The total assets at the end of 2018 were RMB 5,133,824,950.78, a 20.27% increase from RMB 4,268,727,408.65 at the end of 2017[25] - The net assets attributable to shareholders of the listed company increased by 9.27% to RMB 2,446,120,860.04 from RMB 2,238,516,442.29 in 2017[25] - The basic earnings per share for 2018 were RMB 0.51, a 13.33% increase from RMB 0.45 in 2017[25] - The diluted earnings per share also stood at RMB 0.51, reflecting the same growth rate of 13.33% compared to the previous year[25] - The weighted average return on net assets was 9.68%, an increase of 0.42 percentage points from 9.26% in 2017[25] Business Segments - The company's main business revenue from optoelectronic devices and application products reached CNY 2.921 billion, a growth of 17.45% compared to the previous year[44] - The packaging device industry saw significant growth due to increased market demand and customized product offerings[44] - The backlight business maintained revenue growth but faced a slight decline in profitability due to rising raw material tariffs from the US-China trade conflict[44] - Cable products generated revenue of 39,777.88 million RMB, accounting for 11.54% of total revenue, with a growth rate of 3.32%[50] - The gross margin for cable products decreased to 6.51%, down 1.48 percentage points from the previous year, primarily due to declining sales prices[55] - The gross margin for optoelectronic devices and application products was 13.30%, down 2.17 percentage points from the previous year, mainly due to rising labor costs and material prices[55] Research and Development - Total R&D investment amounted to ¥126,053,258.92, representing 3.66% of operating revenue, with 509 R&D personnel, making up 8.41% of total staff[66] - The company completed 8 technology innovation projects and initiated 8 new projects, focusing on advanced LED technologies and smart control systems[48] - Research and development investments increased by 30%, totaling 150 million RMB, focusing on advanced optical technologies[164] Cash Dividends - The company plans to distribute a cash dividend of RMB 0.52 per 10 shares, totaling RMB 23,060,791.00, which accounts for 10.15% of the net profit attributable to shareholders[8] - In 2018, the cash dividend per 10 shares was CNY 0.52, with a total cash dividend amounting to CNY 23.06 million, representing 10.15% of the net profit attributable to shareholders[98] - The company distributed approximately CNY 58.54 million in cash dividends over the past three years, which accounts for 30.08% of the average net profit attributable to the parent company during that period[95] - The company has committed to distributing no less than 30% of the average distributable profit over the last three years in cash dividends for the years 2018 to 2020[103] Market Outlook - The LED industry in China is expected to achieve a compound annual growth rate of approximately 18% from 2018 to 2020, driven by policy support and growing downstream demand[78] - The Mini LED market is expected to reach a scale of 2 billion yuan in 2019, driven by high growth expectations in small pitch and Mini LED applications[80] - The fiber optic cable market in China transitioned from a state of supply shortage to oversupply in 2018, due to completed 4G network construction and the lack of 5G rollout[83] - The sales revenue of the cable industry in China is projected to exceed 1.4 trillion yuan in 2018, highlighting significant market potential despite challenges[87] - The company aims for a stable growth rate of no less than 15% in both revenue and profit over the next decade, targeting to build a 10 billion yuan enterprise[88] - For 2019, the company plans to achieve a revenue of 3.63 billion yuan, focusing on strategic projects and cost management measures[89] Corporate Governance - The board of directors held eight meetings during the year, with all directors attending in person or via communication methods, ensuring effective governance[189] - The company has established a comprehensive internal control evaluation report, which was approved by the board and audited by an external accounting firm[193] - The company ensures compliance with information disclosure regulations, maintaining transparency and fairness in reporting to shareholders[186] - The company maintains independence from its controlling shareholder in business, personnel, assets, and financial matters, ensuring autonomous operations[185] Employee Management - The company has a total of 6,055 employees, with 4,652 in production, 195 in sales, 509 in technology, 64 in finance, and 635 in administration[177] - The number of employees with a master's degree or above is 45, while those with a bachelor's degree total 503[177] - The remuneration policy for subsidiary management includes a base salary determined by the previous year's performance, divided into 50% basic salary, 30% quarterly performance pay, and 20% annual performance pay[178] - The company conducted two management training sessions in 2018 to enhance management knowledge and skills, improving the overall training system[181] Legal Matters - The company is involved in significant litigation matters, including a lawsuit with Jiangxi Lianchuang Optoelectronics Technology Co., Ltd. regarding a share transfer dispute, with a claim amount of RMB 10 million[113] - Another ongoing litigation involves Jiangxi Lianchuang Beijjing Optoelectronics Co., Ltd. claiming RMB 1,337,452.04 for unpaid goods, with the first-instance judgment already effective[113] - The company has a total of RMB 4,994,968.97 claimed in a contract dispute with Jiangxi Cable Co., Ltd., with mediation resulting in a payment agreement[113] - The company has not faced any penalties or corrective actions from regulatory bodies during the reporting period[118] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 41,065, down from 47,760 at the end of the previous month[147] - The largest shareholder, Jiangxi Electronic Group Co., Ltd., holds 93,762,092 shares, representing 21.14% of the total shares, with 93,400,000 shares pledged[147] - The second-largest shareholder, Deng Kaiyuan, increased his holdings by 3,668,069 shares to a total of 26,121,800 shares, representing 5.89% of the total shares[147] - The company has no reported changes in its ordinary share capital structure during the reporting period[146] - The company does not have any strategic investors or general legal entities that became top 10 shareholders due to new share placements[150] Risk Management - The company faces risks including price declines in product sales, exchange rate fluctuations, raw material price volatility, and accounts receivable risks[93] - The management regularly conducts credit risk assessments for major customers, focusing on historical settlement records and current payment capabilities[198] - The company implements a portfolio impairment assessment based on aging analysis and historical records of impairment losses for accounts receivable that do not require individual assessment[198]

Financial Performance - Operating revenue for the first nine months reached CNY 2,496,538,466.62, a 15.16% increase year-on-year[6] - Net profit attributable to shareholders increased by 1.45% to CNY 175,201,241.11[6] - The company's basic earnings per share increased by 1.46% to CNY 0.3951[6] - The net profit for the first nine months of 2018 was not explicitly stated, but the retained earnings increased to ¥1,093,090,857.89 from ¥966,090,058.65, indicating a growth of approximately 13.1%[37] - The net profit attributable to shareholders for Q3 2018 was ¥60.88 million, up from ¥57.11 million in the same period last year, reflecting a growth of 4.8%[41] - The total comprehensive income for Q3 2018 reached ¥72.72 million, compared to ¥64.50 million in Q3 2017, indicating an increase of 12.8%[41] Cash Flow - Net cash flow from operating activities improved significantly to CNY 108,918,993.01, compared to a negative cash flow of CNY -90,169,572.30 in the same period last year[6] - Cash inflow from sales of goods and services was ¥2,068,845,749.11, significantly higher than ¥1,576,333,477.07 in the same period last year[47] - Total cash outflow for operating activities was ¥2,216,682,659.09, compared to ¥1,902,799,984.08 in the previous year[47] - The net increase in cash and cash equivalents was negative at -¥177,230,340.27, compared to -¥77,621,792.72 in the previous year[48] Assets and Liabilities - Total assets increased by 7.38% to CNY 4,583,823,243.05 compared to the end of the previous year[6] - The total liabilities as of September 30, 2018, were CNY 1,888,470,678.75, compared to CNY 1,748,273,534.94 at the beginning of the year[34] - The total equity attributable to shareholders of the parent company increased to CNY 2,396,292,874.55 from CNY 2,238,516,442.29 at the beginning of the year[34] - The accounts receivable balance increased to CNY 1,143,849,329.60 from CNY 1,061,745,711.24 at the beginning of the year[32] - The inventory balance as of September 30, 2018, was CNY 639,437,412.72, up from CNY 591,186,572.63 at the beginning of the year[32] Operating Costs and Expenses - Total operating costs for Q3 2018 were ¥806,812,456.00, compared to ¥801,095,789.84 in Q3 2017, indicating a year-on-year increase of about 0.2%[39] - The gross profit margin for the first nine months of 2018 was approximately 0.007, with total revenue of ¥2,496,538,466.62 and total costs of ¥2,485,923,506.49[39] - The company incurred financial expenses of ¥2.66 million in Q3 2018, which is an increase from ¥1.48 million in Q3 2017, representing an increase of 80.4%[43] - Research and development expenses for Q3 2018 were ¥30,256,495.07, compared to ¥27,074,471.19 in Q3 2017, reflecting an increase of about 8.1%[39] Other Income and Financial Activities - Other income surged by 1204.13% to CNY 17,370,077.49, primarily due to increased government subsidies related to operations[17] - Financial expenses decreased by 42.13% to CNY 21,199,462.20, attributed to reduced borrowings and fluctuations in the USD exchange rate[17] - The company reported investment income of ¥61,724,953.14 for Q3 2018, up from ¥55,985,821.95 in Q3 2017, representing an increase of approximately 10.3%[39] - The company reported a cash inflow from investment activities of ¥38,262,057.90, slightly up from ¥37,569,009.11 year-over-year[48]

Financial Performance - The company's operating revenue for the first half of 2018 was RMB 1,679,927,068.19, representing a 23.56% increase compared to RMB 1,359,576,368.21 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was RMB 114,321,284.37, showing a slight decrease of 1.10% from RMB 115,594,616.39 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was RMB 103,860,655.36, down 8.67% from RMB 113,724,151.77 year-on-year[17]. - The net cash flow from operating activities was RMB 46,666,159.34, a significant improvement from a negative cash flow of RMB -77,867,543.21 in the previous year[17]. - The total assets at the end of the reporting period were RMB 4,430,872,750.10, an increase of 3.80% from RMB 4,268,727,408.65 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 4.27% to RMB 2,334,069,051.90 from RMB 2,238,516,442.29 at the end of the previous year[17]. - Basic earnings per share for the first half of 2018 were RMB 0.2578, a decrease of 1.11% from RMB 0.2607 in the same period last year[18]. - The company achieved a total operating revenue of 1.68 billion RMB, representing a year-on-year growth of 23.56%[28]. - The net profit attributable to the parent company was 114 million RMB, a decrease of 1.10% compared to the same period last year[28]. Research and Development - The company invested 63.98 million RMB in R&D, reflecting a 5.63% increase from the previous year[32]. - The company is focusing on technology innovation and has established a project library for new technology and product development[29]. - The company continues to focus on the research, development, production, and sales of optoelectronic devices and applications, as well as wire and cable products[22]. Market and Industry Trends - The LED optoelectronic device segment saw significant revenue growth due to improved product quality and market expansion[28]. - Revenue from LED backlight products increased by 16% due to a recovery in the computer monitor market[28]. - The fiber optic cable industry in China is rapidly developing, with the country becoming the largest manufacturer globally[28]. - Increased competition in the LED industry is expected, with larger firms gaining cost advantages, prompting the company to adopt differentiated strategies[45]. Subsidiaries and Investments - The company holds a 50.01% stake in Xiamen Hualian Electronics, with a net profit contribution of CNY 2,303.01 million as of June 2018[42]. - Xiamen Hongfa Acoustics, in which the company has a 21.04% stake, reported a net profit contribution of CNY 48,066.86 million for the same period[44]. - The company’s subsidiary, Jiangxi Lianchuang Zhiguang Technology, achieved a net profit of CNY 947.86 million, with total assets of CNY 69,018.46 million[42]. - Jiangxi Lianchuang Cable Technology, another subsidiary, reported a net loss of CNY 74.10 million, indicating challenges in the cable sector[42]. Risk Management - The company faces risks including policy changes in the LED industry, which could impact operations despite not relying heavily on government subsidies[45]. - The company is enhancing internal controls to manage risks associated with its decentralized operations and increasing scale[46]. - Accounts receivable have been rising alongside sales growth, necessitating improved credit management to mitigate bad debt risks[46]. Shareholder and Dividend Policies - The company has not proposed any profit distribution or capital reserve increase for the half-year period[49]. - The company committed to distributing cash dividends totaling no less than 30% of the average distributable profit over the last three years from 2018 to 2020[51]. - The company plans to increase its shareholding through the secondary market, with a total investment not less than RMB 50 million and not exceeding RMB 100 million[51]. Legal Matters - The company is involved in multiple lawsuits, including a claim for the return of earnest money amounting to RMB 10 million related to a share transfer dispute[55]. - The company has a pending claim for payment of RMB 1,337,452.04 in a sales contract dispute, with the first-instance judgment already made[55]. - The company is also pursuing a claim for RMB 545,684.11 in another sales contract dispute, with the first-instance judgment in effect[55]. - The company has a claim for RMB 9,209,844.42 regarding a capital contribution dispute, which is currently pending[55]. - The company has a total of RMB 14,737,217.00 claimed in a sales contract dispute, with the second-instance ruling completed[55]. - The company has successfully executed a judgment for RMB 17,140.12 in a sales contract dispute, with the payment completed[56]. - The company has no major litigation or arbitration matters pending that have not been disclosed in temporary announcements[53]. Financial Position and Assets - The total assets of Jiangxi Lianchuang Optoelectronics Technology Co., Ltd. as of June 30, 2018, amounted to CNY 4,430,872,750.10, an increase from CNY 4,268,727,408.65 at the beginning of the period[79]. - Current assets totaled CNY 2,427,744,433.96, up from CNY 2,353,702,997.57 at the start of the period, indicating a growth of approximately 3.15%[79]. - Accounts receivable increased significantly to CNY 1,043,181,762.64 from CNY 819,988,352.32, reflecting a growth of about 27.4%[79]. - Inventory decreased slightly to CNY 566,499,420.74 from CNY 591,186,572.63, showing a decline of approximately 4.18%[79]. - Total current liabilities rose to CNY 1,743,987,687.48 from CNY 1,682,184,075.13, representing an increase of about 3.66%[80]. - Short-term borrowings decreased to CNY 561,415,122.34 from CNY 651,432,634.00, a reduction of approximately 13.83%[80]. - The company reported a decrease in cash and cash equivalents to CNY 475,507,478.88 from CNY 538,220,456.91, a decline of about 11.65%[79]. - The long-term equity investment increased to CNY 1,240,312,264.94 from CNY 1,150,759,260.78, reflecting a growth of approximately 7.8%[79]. Corporate Governance - The company appointed a new employee supervisor, Luo Shaojian, following the resignation of the previous supervisors due to work reasons[75]. - The company did not report any changes in the controlling shareholder or actual controller during the reporting period[73]. - The company has included 18 subsidiaries in its consolidated financial statements, with ownership stakes ranging from 50.01% to 100%[112]. - The company has assessed its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[115]. Accounting Policies - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial position and operating results accurately[116]. - The company applies the equity method for investments in subsidiaries and recognizes goodwill for any excess of acquisition cost over the fair value of identifiable net assets acquired[122]. - The company’s consolidated financial statements are prepared based on control, including all subsidiaries under its control[125]. - The company offsets the effects of internal transactions between itself and its subsidiaries in the consolidated financial statements[126].

2018 年第一季度报告 公司代码：600363 公司简称：联创光电 江西联创光电科技股份有限公司 2018 年第一季度报告 1 / 19 | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 5 | | 四、附录 | 8 | | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | -116,547.44 | | | 计入当期损益的政府补助，但与公司正常经营业务密切 相关，符合国家政策规定、按照一定标准定额或定量持 | 3,802,308.63 | | | 续享受的政府补助除外 | | | | 除上述各项之外的其他营业外收入和支出 | -128,121.79 | | | 少数股东权益影响额（税后） | -643,052.98 | | | 所得税影响额 | -415,639.32 | | | 合计 | 2,498,947.10 | | 2018 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | 单位：元 币种：人民币 | | --- | ...

Financial Performance - In 2017, the company's operating revenue reached RMB 3,009,262,847.19, representing a year-on-year increase of 20.16% compared to RMB 2,504,328,065.43 in 2016[20] - The net profit attributable to shareholders of the listed company for 2017 was RMB 199,241,521.04, an increase of 26.56% from RMB 157,425,232.78 in 2016[20] - The net profit after deducting non-recurring gains and losses was RMB 187,467,526.35, up 27.39% from RMB 147,161,132.21 in the previous year[20] - The company's total assets as of the end of 2017 amounted to RMB 4,268,727,408.65, reflecting a 10.55% increase from RMB 3,861,388,384.22 at the end of 2016[20] - The net assets attributable to shareholders of the listed company increased by 8.81% to RMB 2,238,516,442.29 at the end of 2017, compared to RMB 2,057,226,344.55 at the end of 2016[20] - The basic earnings per share for 2017 was RMB 0.45, representing a 28.57% increase from RMB 0.35 in 2016[21] - The weighted average return on net assets for 2017 was 9.26%, an increase of 1.32 percentage points from 7.94% in 2016[21] - The cash flow from operating activities for 2017 was RMB 33,997,263.66, a decrease of 45.06% compared to RMB 61,875,527.97 in 2016[20] Revenue Breakdown - Revenue from optoelectronic devices and application products reached RMB 2.487 billion, up 17.95% year-on-year, with significant contributions from backlight and smart control modules[35] - The cable products segment generated RMB 385 million in revenue, reflecting a year-on-year growth of 12.79% despite increased competition and declining profit margins[36] - Revenue from cable products amounted to ¥384,989,109.65, accounting for 12.79% of total revenue, while optoelectronic devices and application products generated ¥2,487,040,552.34, making up 82.65% of total revenue[39] Research and Development - The company holds 159 valid patents, including 23 invention patents, emphasizing its commitment to technological innovation[31] - The company obtained 38 patent authorizations in 2017, including 2 invention patents, 35 utility model patents, and 1 design patent[37] - Research and development expenses increased by 15.17% to ¥121,404,546.95 compared to the previous year[41] - The number of R&D personnel was 465, representing 8.53% of the total workforce[52] Market Position and Strategy - The company has successfully entered the secondary supplier pool for major manufacturers like Samsung and Huawei, enhancing its market position[35] - The company plans to implement a technology innovation mid-term development plan for 2018-2020, focusing on new technology and product development[36] - The company aims for a revenue target of 3.25 billion RMB in 2018, focusing on risk control and high-quality development through restructuring and technology upgrades[67] - The company plans to enhance its product offerings by developing new technologies such as high-power infrared chips and new LED packaging technologies[68] Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.44 per 10 shares, totaling RMB 19,512,977.00, which accounts for 9.79% of the net profit attributable to shareholders[5] - The company has distributed approximately 50.11 million RMB in cash dividends over the past three years, representing 30.12% of the average net profit attributable to the parent company during that period[74] - The company has committed to distributing cash dividends not less than 30% of the average distributable profits over the last three years[78] Risks and Challenges - The company faces risks including policy changes, increased competition, rising labor costs, and fluctuations in raw material prices, which it plans to mitigate through various strategies[70][71] - The domestic wire and cable industry faces challenges, with over 4,500 companies but the top 10 companies holding less than 20% market share, leading to fierce price competition and reliance on low-end products[65] Corporate Governance and Compliance - The company has engaged Da Hua Accounting Firm for auditing services, with a fee of 520,000 RMB for the year[83] - The company has not faced any risks of suspension or termination of listing during the reporting period[85] - The company has made commitments to avoid competition and ensure independence in operations from related parties[78] - The company maintains a governance structure that complies with relevant laws and regulations, ensuring clear responsibilities among its decision-making bodies[131] Employee and Management Structure - The total number of employees in the parent company is 102, while the total number of employees in major subsidiaries is 5,345, resulting in a combined total of 5,447 employees[126] - The total compensation for the board members and senior management during the reporting period amounted to 4.7565 million yuan[114] - The company has implemented a performance management system linking monthly and annual assessments to salary adjustments, with a focus on KPI evaluations[127] Financial Position and Assets - The company's total current assets amounted to ¥2,353,702,997.57, compared to ¥2,117,822,922.26 at the beginning of the year, indicating a growth of approximately 11.1%[155] - The company reported accounts receivable of ¥819,988,352.32, an increase from ¥767,448,114.56 at the beginning of the year[155] - The total liabilities rose to ¥1,748,273,534.94 in 2017, up from ¥1,548,045,179.58 in 2016, indicating an increase of about 12.9%[156] Legal Matters - The company reported a litigation amount of 10,000,000.00 related to a dispute with Jiangxi Lianchuang, which is currently in the first instance and has not yet been adjudicated[86] - A claim of 8,350,000.00 related to a share transfer dispute is currently in the second-instance process, with the first-instance judgment having been dismissed[86] Future Outlook - The company has set a future revenue guidance of 1.5 billion RMB for the next fiscal year, indicating an expected growth of 25%[118] - A strategic acquisition of a local tech firm is in progress, aimed at enhancing R&D capabilities and product offerings[118]

Financial Performance - Operating revenue for the first nine months reached CNY 2,167,824,682.93, an increase of 18.25% year-on-year[5] - Net profit attributable to shareholders rose by 10.36% to CNY 172,704,042.88 for the same period[5] - Total revenue for the third quarter reached ¥808,248,314.72, an increase of 25% compared to ¥646,621,984.70 in the same period last year[28] - Net profit for the first nine months of the year was ¥191,169,738.54, compared to ¥164,542,485.52 in the same period last year, indicating a growth of approximately 16%[28] - The company reported a total profit of ¥48.44 million for Q3 2017, compared to ¥42.55 million in Q3 2016, marking an increase of 13.51%[32] Asset and Liability Changes - Total assets increased by 10.74% to CNY 4,276,096,344.39 compared to the end of the previous year[5] - Total assets as of September 30, 2017, amounted to ¥2,850,112,364.30, an increase from ¥2,609,487,231.16 at the beginning of the year[26] - Total liabilities increased to ¥681,439,828.90 from ¥587,701,990.83, representing a rise of about 16%[27] - The total equity attributable to shareholders increased to ¥2,168,672,535.40 from ¥2,021,785,240.33, indicating a growth of approximately 7%[27] Cash Flow Analysis - Cash flow from operating activities showed a negative net amount of CNY -79,402,957.63, worsening from CNY -38,931,229.17 in the previous year[5] - Operating cash inflow for the first nine months of 2017 was CNY 1,823,397,026.45, an increase from CNY 1,724,132,797.64 in the same period last year, representing a growth of approximately 5.76%[35] - Cash inflow from investment activities totaled CNY 26,802,394.44, down significantly from CNY 129,032,342.43 year-on-year, reflecting a decrease of approximately 79.24%[36] - Cash inflow from financing activities was CNY 674,052,481.87, an increase from CNY 618,771,826.16 in the previous year, representing a growth of approximately 8.93%[36] Shareholder Information - The number of shareholders reached 48,754, with the largest shareholder holding 21.73% of the shares[7] Investment and Impairment - The company reported a 124.83% increase in asset impairment losses, totaling CNY 22,088,039.28[11] - Asset impairment losses increased compared to the same period last year primarily due to an increase in bad debt provisions[12] - The company incurred operating costs of ¥19.54 million in Q3 2017, up from ¥18.48 million in Q3 2016, which is an increase of 5.76%[32] Other Financial Metrics - The weighted average return on equity increased by 0.19 percentage points to 8.08%[5] - Financial expenses increased by 54.07% to CNY 36,633,206.47 compared to the same period last year[11] - Other receivables rose by 51.41% to CNY 54,907,695.19, primarily due to guarantee deposits paid[8] - Prepayments increased significantly by 93.61% to CNY 90,572,831.33 compared to the end of last year[8]

Financial Performance - The company's operating revenue for the first half of 2017 was RMB 1,359,576,368.21, representing a 14.57% increase compared to RMB 1,186,675,523.48 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was RMB 115,594,616.39, up 16.50% from RMB 99,221,308.80 in the previous year[18]. - The company achieved a total operating revenue of 1.36 billion RMB, representing a year-on-year growth of 14.57%[29]. - The net profit attributable to the parent company was 116 million RMB, an increase of 16.50% compared to the same period last year[29]. - Basic earnings per share for the first half of 2017 were RMB 0.2607, a 16.54% increase from RMB 0.2237 in the same period last year[19]. - The company reported a total comprehensive income of ¥129,575,847.92, compared to ¥109,702,130.72 in the previous year, an increase of 18.1%[86]. - The total profit for the first half of 2017 was CNY 111,043,986.01, representing a 10.8% increase from CNY 100,226,884.26 in the prior year[89]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at RMB -67,100,928.54, an improvement from RMB -96,786,974.30 in the same period last year[18]. - The company's cash flow from operating activities showed a net outflow of CNY 67,100,928.54, an improvement from a net outflow of CNY 96,786,974.30 in the same period last year[92]. - The total liabilities of the company as of June 30, 2017, are ¥1,741,749,624.68, compared to ¥1,548,045,179.58 at the beginning of the period[78]. - The company's cash and cash equivalents stand at ¥551,072,519.43, up from ¥518,863,118.37 at the start of the period[76]. - The total current assets as of June 30, 2017, amount to ¥2,308,250,415.85, an increase from ¥2,117,822,922.26 at the beginning of the period[76]. - The ending cash and cash equivalents balance as of June 30, 2017, was 264,041,142.13 RMB, up from 177,347,083.68 RMB at the end of the previous year[95]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 4,168,740,269.83, a 7.96% increase from RMB 3,861,388,384.22 at the end of the previous year[18]. - The company's total equity reached ¥2,119,635,632.62, up from ¥2,021,785,240.33, indicating a growth of 4.9%[82]. - The total owner's equity at the end of the reporting period was CNY 2,210,003,111.99, reflecting an increase from CNY 2,021,785,240.33 at the beginning of the year[102]. - The total liabilities increased to ¥702,754,980.21 from ¥587,701,990.83, marking a rise of 19.5%[82]. Research and Development - Research and development expenses increased by 22.83% to 60.57 million RMB compared to the previous year[33]. - The company operates under a diversified business model, integrating research and development, production, and sales[24]. Subsidiaries and Investments - The company holds a 50.01% stake in Xiamen Hualian Electronics, which reported a revenue of ¥58,754.32 million and a net profit attributable to the parent company of ¥2,941.95 million as of June 2017[43]. - Jiangxi Lianchuang Cable Technology, a subsidiary with a 78.72% ownership, reported total assets of ¥37,648.42 million but incurred a net loss of ¥1,002.49 million as of June 2017[41]. - The company has a diversified portfolio of subsidiaries in the electronics and semiconductor sectors, with varying levels of profitability and asset bases[41]. Risks and Challenges - The company faces risks including policy changes in government support for the LED industry, increased competition from larger firms, and internal management challenges due to dispersed operations[44]. - The company is monitoring raw material price fluctuations and intends to implement appropriate pricing and procurement strategies to manage risks associated with rising costs[45]. Corporate Governance and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[6]. - The company has not faced any penalties or corrective actions from regulatory bodies during the reporting period[57]. - The company has evaluated its ability to continue as a going concern and found no significant doubts regarding its sustainability[114]. Employee and Shareholder Information - The first employee stock ownership plan raised a total of 30 million RMB from 154 participants, including directors and senior management[58]. - The company distributed dividends totaling 16,485,163.00 RMB during the reporting period[98]. - The total number of ordinary shareholders at the end of the reporting period was 49,564[68]. Legal Matters - The company is involved in multiple significant lawsuits, including a claim for 10 million RMB related to a share transfer dispute, which is currently in the first instance[54]. - The company has ongoing litigation with various parties, including claims for payments totaling over 5 million RMB, with some cases already in execution[55]. Accounting Policies and Practices - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate reflection of financial status and results[116]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position, operating results, and cash flows of the entire corporate group[126]. - The company recognizes expected liabilities for additional obligations under investment contracts, impacting current investment losses[168].