彩虹显示器件股份有限公司 第三十三次（2024 年度）股东大会 会议文件 二○二五年五月十三日 彩虹显示器件股份有限公司 第三十三次（2024 年度）股东大会会议文件 彩虹显示器件股份有限公司 第三十三次（2024 年度）股东大会会议议程 会议时间：2025 年 5 月 13 日下午 14:00 时 一、董事会秘书宣布股东到会情况 二、会议议题： | 序号 | | | 会议内容 | | --- | --- | --- | --- | | 1 | 审议 | 2024 | 年度董事会工作报告 | | 2 | 审议 | 2024 | 年度监事会工作报告 | | 3 | 审议 | 2024 | 年度财务决算报告 | | 4 | 审议 | 2024 | 年度利润分配预案 | | 5 | 审议 | 2024 | 年年度报告 | | 6 | | | 审议关于聘请会计师事务所的议案 | | 7 | 审议关于 | | 2025 年度预计对外担保额度的议案 | 2024 年度董事会工作报告 （二○二五年五月十三日） 三、听取独立董事 2024 年度述职报告 四、股东代表提问与发言 1 会议地点：咸阳公司会议室 主 持 人：李淼董 ...

Core Viewpoint - Rainbow Co., Ltd. (彩虹股份) has maintained a "0 dividend" policy for 20 consecutive years despite achieving over 10 billion yuan in revenue for two consecutive years, with a focus on its growth in the substrate glass business and the cyclical nature of its earnings [1][8]. Financial Performance - In Q1 2025, the company reported total revenue of 2.966 billion yuan, a year-on-year increase of 1.77%, and a net profit attributable to shareholders of 322 million yuan, up 16.09% year-on-year [1]. - The company has shown a recovery in profitability since returning to profit in 2023, with revenues of 11.465 billion yuan and 11.664 billion yuan in the previous two years, and net profits of 661 million yuan and 1.24 billion yuan respectively [1]. - The revenue from liquid crystal panels and substrate glass accounts for over 80% of total revenue, with liquid crystal panel revenue at 10.291 billion yuan (up 0.33%) and substrate glass revenue at 1.511 billion yuan (up 21.87%) in 2024 [2]. Business Segments - The substrate glass business has become the fastest-growing segment, with production of 7.4972 million pieces and sales of 6.9413 million pieces in 2024, showing significant growth of 92.6% and 93.2% respectively for G8.5+ substrate glass [3][4]. - The company has successfully launched three G8.5+ high-generation substrate glass production lines at its Xianyang base, contributing to the increase in production capacity [4][5]. Industry Dynamics - The company operates in a highly cyclical industry, experiencing fluctuations in revenue and profit, with Q4 revenues showing a significant decline [6]. - Prior to 2023, the company faced criticism for its lack of business development, with cumulative losses exceeding 8 billion yuan in net profit from its main business over the past decade [7]. Funding and Subsidies - The company has received substantial government subsidies, totaling over 3 billion yuan in 2017 and 6.89 billion yuan in 2018, along with additional support in subsequent years [9]. - Other income decreased by 23.13% in 2024, attributed to reduced government subsidies, while the company has raised over 23 billion yuan through multiple fundraising efforts [10]. Strategic Moves - The company has made significant investments in its subsidiary Hongyang Display, totaling over 1.6 billion yuan, to support the G8.5+ substrate glass production line project [10]. - The company plans to publicly transfer 30% of its stake in its subsidiary Rainbow Optoelectronics, which operates the LCD 8.6 generation line, to align with its strategic focus on substrate glass business development [10]. Financial Health - As of the end of 2024, the company reported an accumulated undistributed profit of approximately -2.742 billion yuan, with short-term and long-term borrowings increasing by 34.98% and 16.4% respectively by Q1 2025 [11].

【WitsView整理】 近日，京东方、彩虹股份、 TCL科技、 三利谱、蓝黛科技、晶合集成、路维 光电、翰博高新、康冠科技9家显示相关企业相继披露2025年第一季度报告。具体如下： 2025年第一季度，京东方实现营业收入505.99亿元，同比增长10.27%，创一季度收入历史新高； 实现归属于上市公司股东净利润16.14亿元，同比增长64.06%；扣除非经常性损益后的净利润13.52 亿元，同比增长126.56%。 | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | | | | (%) | | | 营业收入(元) | 50.598.933.939.00 | 45,887,570,444.00 | | 10.27% | | 归属于上市公司股东的净利 | 1,613,999,380.00 | 983.812.692.00 | | 64.06% | | 润(元) | | | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 1.351.864.713.00 | 596.689.345.00 | | 126.56 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,965,971,788.42, representing a year-on-year increase of 1.77% compared to CNY 2,914,335,499.71 in the same period last year[5]. - Net profit attributable to shareholders of the listed company reached CNY 322,306,546.72, marking a 16.09% increase from CNY 277,644,801.17 in the previous year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 306,250,354.94, up 22.03% from CNY 250,962,816.06 year-on-year[5]. - The basic earnings per share increased to CNY 0.09, a rise of 16.88% from CNY 0.077 in the same period last year[5]. - Operating profit for Q1 2025 reached ¥322.86 million, up from ¥278.53 million in Q1 2024, indicating a growth of 15.9%[21]. - Net profit attributable to shareholders for Q1 2025 was ¥322.31 million, compared to ¥277.64 million in Q1 2024, reflecting an increase of 16.1%[22]. - The total profit for Q1 2025 was approximately ¥323.30 million, compared to ¥277.18 million in Q1 2024, indicating a growth of 16.6%[21]. Cash Flow and Investments - The net cash flow from operating activities decreased by 24.21% to CNY 1,002,175,683.18, down from CNY 1,322,278,563.24 in the same period last year, primarily due to a reduction in government subsidies received[9]. - Cash flow from operating activities for Q1 2025 was ¥1.00 billion, down from ¥1.32 billion in Q1 2024, a decrease of 24.2%[25]. - Investment activities generated a net cash outflow of approximately ¥90.15 million in Q1 2025, an improvement from a net outflow of ¥684.40 million in Q1 2024[26]. - The company reported a significant increase in cash inflow from investment activities, totaling approximately ¥2.19 billion in Q1 2025, compared to ¥718.07 million in Q1 2024[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 41,170,843,028.49, reflecting a 3.25% increase from CNY 39,873,002,623.07 at the end of the previous year[5]. - The company's current assets totaled RMB 10,966,352,047.72, up from RMB 9,504,150,054.32, indicating an increase of about 15.39%[16]. - The cash and cash equivalents increased to RMB 7,109,643,374.39 from RMB 5,016,691,458.49, representing a growth of approximately 41.87%[16]. - The company's total liabilities reached RMB 19,167,422,844.72, compared to RMB 18,189,033,253.56, marking an increase of about 5.39%[18]. - The long-term borrowings rose to RMB 5,572,705,000.00 from RMB 4,787,580,000.00, reflecting an increase of approximately 16.43%[18]. - The company's total equity increased to RMB 22,003,420,183.77 from RMB 21,683,969,369.51, showing a growth of about 1.47%[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,504, with the largest shareholder holding 31.01% of the shares[11]. - The company reported a total of 18,325,907 shares outstanding as of the latest reporting date[12]. Research and Development - The company incurred a decrease in research and development expenses, which were approximately ¥93.93 million in Q1 2025, down from ¥104.14 million in Q1 2024, a reduction of 9.8%[21]. Non-Recurring Gains and Losses - Non-recurring gains and losses for the period totaled CNY 16,056,191.78 after tax, with significant contributions from government subsidies and asset disposals[8].

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0900 | 0.0770 | 16.88 | -0.1280 | | 每股净资产（元） | 0 | 5.73 | -100 | 5.34 | | 每股公积金(元) | 5.7 | 5.7 | 0 | 5.7 | | 每股未分配利润(元) | -0.67 | -1.03 | 34.95 | -1.42 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 29.66 | 29.14 | 1.78 | 22.62 | | 净利润(亿元) | 3.22 | 2.78 | 15.83 | -4.6 | | 净资产收益率(%) | 1.49 | 1.36 | 9.56 | -2.37 | 数据四舍五入，查看更多财务数据>> 前十大流通股东累计持有： 267820.02万股，累计占流通股比： 74.65%，较上期变化： -103.11万股。 | 名称 ...

咸阳金融控股集团有限公司（以下简称"咸阳金控"）持有本公司股份 1,112,759,643 股，占公司股份总数的 31.01%。本次解除质押后，累计质押股份 数量为 714,527,584 股，占其持股数量的比例为 64.21%。 咸阳金控及其一致行动人持有公司股份 1,221,644,097 股，占公司股份总 数的 34.04%。本次解除质押后，累计质押股份 773,527,584 股,占其持股数量的 比例为 63.32%。 证券代码：600707 证券简称：彩虹股份 编号：临 2025-020 号 彩虹显示器件股份有限公司 关于控股股东部分股份解除质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 特此公告。 彩虹显示器件股份有限公司董事会 二〇二五年四月二十二日 2 一、本次解除质押情况 本公司于 2025 年 4 月 18 日接到控股股东咸阳金控函告，获悉其将原质押给 陕西省国际信托股份有限公司流通股 5,300 万股和 600 万股、渤海国际信托股份 有限公司流通股 6,519 万股，办理了证 ...

证券代码：600707 证券简称：彩虹股份 编号：临 2025-018 号 彩虹显示器件股份有限公司 关于转让控股子公司部分股权的补充公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 采用资产基础法评估，标的公司在评估基准日 2024 年 9 月 30 日的净资产账 面值为 1,624,886.18 万元，评估值 1,681,185.49 万元，评估增值 56,299.31 万元， 增值率 3.46%。按照标的公司归属于母公司所有者权益计算，本次交易对应的交 易作价的市净率为 1.04 倍。本次标的公司估值作价对应其市净率与同行业交易 案例比较情况如下： | 证券简称 | 标的公司 | | 评估基准日 | | | 定价方法 | PB | 交易进度 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 维信诺 | 合肥维信诺科技有 限公司 | 2024 | 年 3 | 月 31 | 日 | 资产基础法 | 1.02 | 进项中 | | 京东方 A | 合肥京东 ...

证券代码：600707 证券简称：彩虹股份 编号：临 2025-019 号 彩虹显示器件股份有限公司 关于2025年度预计日常关联交易事项的公告（更新版） 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 ● 本次预计 2025 年度日常关联交易事项无须提交股东大会审议。 ● 公司与关联方发生的日常关联交易不存在损害公司和全体股东合法权益 的行为，不会对公司持续经营能力及独立性造成影响，不会对关联方形成依赖。 彩虹显示器件股份有限公司（以下简称"本公司"）及控股子公司咸阳彩虹 光电科技有限公司、彩虹（合肥）液晶玻璃有限公司、陕西彩虹电子玻璃有限公 司、虹阳显示（咸阳）科技有限公司与控股股东咸阳金融控股集团有限公司、第 二大股东咸阳中电彩虹集团控股有限公司、间接股东彩虹集团有限公司及其控股 的企业、合营企业咸阳虹宁显示玻璃有限公司、成都虹宁显示玻璃有限公司在日 常生产经营过程中存在采购、销售、动能供应、厂房租赁、提供或接受劳务等方 面的日常关联交易。根据上海证券交易所《股票上市规则》及信息披露的有关规 定，本公司根据 ...

Core Viewpoint - The report from Guosen Securities expresses optimism about domestic panel leaders like BOE Technology Group (000725.SZ) capitalizing on the era of consumption upgrade and localization in China, leveraging scale effects, cost advantages, and market share to steadily improve profitability [1] Industry Overview - The LCD industry is experiencing a non-seasonal demand, with global large-size LCD panel revenue in February showing a month-on-month increase of 3.15% and a year-on-year increase of 18.88%, reaching $5.54 billion [2] - The average gross margin of major Chinese LCD manufacturers decreased by 0.77 percentage points year-on-year and 0.56 percentage points quarter-on-quarter to 14.91% in Q3 2024, while net profit margin increased by 0.15 percentage points year-on-year but decreased by 0.69 percentage points quarter-on-quarter to 1.75% [3] Price Trends - In March 2025, prices for various sizes of LCD TV panels increased month-on-month, with a forecast for April indicating stable prices across all sizes [4] - The prices for 10.1-inch, 14-inch, and 23.8-inch LCD IT panels remained stable in March 2025, with a slight increase in the 23.8-inch display panel price [4] Supply and Demand Dynamics - In February, the global large-size LCD panel shipment area grew by 28.27% year-on-year, with significant increases in shipments for TVs (31.54%), monitors (11.70%), notebooks (30.23%), and tablets (21.89%) [5] - The global large-size LCD production capacity is expected to grow by 2.31% in 2024 compared to 2023, with a slight increase in capacity expected in the first three quarters of 2024 [5] Market Outlook - The LCD industry is anticipated to stabilize in terms of capacity, with the potential for further concentration of market share due to the shutdown and sale of production lines by overseas manufacturers, which may help regulate LCD TV panel prices and enhance the profitability stability of LCD panel companies [6]

Group 1 - The actual controller, chairman, and CEO of Juran Smart Home, Wang Linpeng, has been detained, but the company's operations remain normal and unaffected [1] - Juran Smart Home reported a total revenue of 12.966 billion yuan in 2024, a decrease of 4.04% year-on-year, and a net profit of 883 million yuan, down 32.08% year-on-year, primarily due to economic fluctuations and increased competition in the home furnishing market [3][4] Group 2 - China Bank plans to raise up to 165 billion yuan through a private placement of A-shares, with the funds aimed at increasing its core tier one capital [4] - The issuance price for China Bank's shares is set at 6.05 yuan per share, which is 80% of the average trading price over the previous 20 trading days [4] - The Bank of Communications also plans to raise up to 120 billion yuan through a private placement, with the funds also designated for core tier one capital [5] Group 3 - SANY Heavy Industry reported a total revenue of 78.383 billion yuan in 2024, an increase of 5.9% year-on-year, and a net profit of 5.975 billion yuan, up 31.98% year-on-year [6][7] - The company's international main business revenue reached 48.513 billion yuan, accounting for 63.98% of total revenue, with significant growth in various regions [6][8] - SANY Heavy Industry has established 37 lighthouse factories and is recognized for its advanced smart manufacturing capabilities [8] Group 4 - East China Pharmaceutical achieved a total revenue of 41.906 billion yuan in 2024, a growth of 3.16%, and a net profit of 3.512 billion yuan, up 23.72% year-on-year [10][11] - The company has a robust pipeline of over 80 innovative drugs, focusing on diabetes and oncology [11][12] Group 5 - EVE Energy reported a total revenue of 48.615 billion yuan in 2024, a slight decrease of 0.35%, with a net profit of 4.076 billion yuan, an increase of 0.63% [13][14] - The company has seen significant growth in its energy storage business, with a shipment volume of 50.45 GWh, a year-on-year increase of 91.90% [15] Group 6 - China Unicom reported a revenue of 103.35 billion yuan in Q1 2025, a growth of 3.9%, and a net profit of 2.61 billion yuan, up 6.5% year-on-year [19] - Lens Technology achieved a revenue of 17.063 billion yuan in Q1 2025, a growth of 10.10%, with a net profit of 429 million yuan, up 38.71% year-on-year [20] Group 7 - Fuyao Glass reported a revenue of 9.910 billion yuan in Q1 2025, a growth of 12.16%, with a net profit of 2.030 billion yuan, up 46.25% year-on-year [21] - Zhuye Group reported a revenue of 4.803 billion yuan in Q1 2025, a growth of 8.50%, with a net profit of 277 million yuan, up 74.07% year-on-year [23] Group 8 - Cailong Technology reported a net profit growth of 87.55% in 2024, with total revenue of 11.664 billion yuan [32] - Ziyan Food reported a revenue of 3.363 billion yuan in 2024, with a net profit growth of 4.5% [33] Group 9 - Shunyi Environmental reported a revenue of 12.678 billion yuan in 2024, with a net profit growth of 41.58% [35] - Shougang Group turned a profit in Q1 2025, reporting a revenue of 26.533 billion yuan, down 10.18%, with a net profit of 328 million yuan [36] Group 10 - Keda Li reported a revenue of 12.030 billion yuan in 2024, with a net profit growth of 22.55% [38] - Betta Pharmaceuticals reported a revenue of 2.892 billion yuan in 2024, with a net profit growth of 15.67% [40] Group 11 - New Australia reported a revenue of 4.841 billion yuan in 2024, with a net profit growth of 5.96% [41] - Fawer reported a revenue of 16.468 billion yuan in 2024, with a net profit growth of 11.93% [42] Group 12 - Zhongwei Company reported a revenue of 9.065 billion yuan in 2024, with a net profit decrease of 9.53% [43] - Changying Precision reported a revenue of 16.934 billion yuan in 2024, with a net profit growth of 800% [44] Group 13 - Stanley reported a revenue of 10.263 billion yuan in 2024, with a net profit growth of 17.89% [45] - Puyang reported a revenue of 5.192 billion yuan in 2024, with a net profit decrease of 45.48% [46] Group 14 - Huangshi Group received a notice of administrative penalty for failing to disclose significant contracts, with potential fines for the company and responsible individuals [47] - Baosteel announced plans to acquire a 49% stake in Maanshan Steel through a combination of cash purchases and capital increases, with an estimated total investment of 9 billion yuan [48][49] Group 15 - Shengquan Group reported a revenue of 2.459 billion yuan in Q1 2025, with a net profit growth of 50.46% [50]