Financial Performance - The company's operating revenue for 2022 was approximately ¥8.97 billion, a decrease of 40.95% compared to ¥15.19 billion in 2021[17]. - The net profit attributable to shareholders for 2022 was approximately -¥2.66 billion, representing a decline of 199.72% from a profit of ¥2.67 billion in 2021[17]. - The basic earnings per share for 2022 was -¥0.74, a decrease of 200.00% compared to ¥0.74 in 2021[18]. - The weighted average return on equity for 2022 was -12.70%, a decrease of 25.41 percentage points from 12.71% in 2021[18]. - The net cash flow from operating activities for 2022 was approximately ¥2.77 billion, down 60.90% from ¥7.10 billion in 2021[17]. - The total assets at the end of 2022 were approximately ¥40.75 billion, a decrease of 5.53% from ¥43.14 billion at the end of 2021[17]. - The net assets attributable to shareholders at the end of 2022 were approximately ¥19.62 billion, a decrease of 12.06% from ¥22.32 billion at the end of 2021[17]. - The company reported a total of ¥817.64 million in non-recurring gains and losses for 2022, significantly higher than ¥182.05 million in 2021[23]. - The company experienced a quarterly revenue of ¥2.47 billion in Q4 2022, with a net profit attributable to shareholders of -¥544.34 million[21]. Risk Management - The company has detailed descriptions of various risks including policy, industry, operational, and financial risks in the report[6]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements[5]. - The company has a comprehensive risk management strategy outlined in the management discussion and analysis section[6]. - The company is addressing risks related to fluctuations in raw material prices and supply chain stability by deepening strategic cooperation with suppliers[93]. Governance and Compliance - The audit report issued by Da Xin Certified Public Accountants confirmed the financial report's authenticity and completeness[3]. - The board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[5]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company has not faced any situation where more than half of the directors could not guarantee the authenticity of the annual report[7]. - The company adheres to strict governance practices and has improved its internal control systems to enhance operational transparency and investor relations[97]. - The company is committed to ongoing improvements in internal controls, information disclosure, and investor protection in 2023[97]. Research and Development - The company plans to continue focusing on R&D and market expansion strategies to recover from the current financial downturn[17]. - The company’s R&D capabilities were strengthened with over 20 key technology improvement projects established in 2022, enhancing production capacity and cost efficiency[33]. - The company plans to increase R&D investment to develop high-value technology products, including the mass production of ultra-large size products like 86" and 100" displays[83]. - The company has allocated 100 million yuan for research and development in new technologies for the upcoming fiscal year[112]. Market Position and Strategy - The company is positioned as a leader in the domestic new display industry, with its core glass substrate business at an advanced international level[35]. - The company plans to launch its first production line at the Xianyang base in 2023, further expanding its production capacity[32]. - The company is focused on technology innovation and investment in G8.5+ glass substrate projects to enhance industry competitiveness[35]. - The company is actively involved in the development of new technologies and products, although specific details were not disclosed in the conference call[105]. - The company is facing uncertainties in the display panel industry recovery, with a potential oversupply challenge despite a dynamic balance in the LCD TV panel market[92]. Environmental and Social Responsibility - The company invested 58.79 million yuan in environmental protection funds during the reporting period[136]. - The company has established emergency response plans for environmental incidents to mitigate potential risks[143]. - The company reduced carbon emissions by 446 tons through the implementation of clean energy generation, specifically a solar photovoltaic power system[147]. - Total investment in poverty alleviation and rural revitalization projects amounted to 3.5971 million RMB, with 1.8251 million RMB allocated for funds and 1.7720 million RMB for material donations[149]. Shareholder and Management Information - The company has a cash dividend policy that prioritizes cash dividends over stock dividends, reflecting its commitment to shareholder returns[126]. - The total number of employees in the company and its main subsidiaries is 4,476, with 3,170 in production, 1,057 in technology, and 29 in sales[123]. - The company reported a significant focus on new product development and technology research, particularly in electronic glass and display technologies[108]. - The company continues to prioritize shareholder value, as evidenced by the increase in shareholding among key personnel[103].

[Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines key terms and abbreviations used within the report [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved significant performance growth and a turnaround to profitability in H1 2021, with revenue up 126.44% and net profit attributable to shareholders reaching RMB 2.85 billion [Company Information](index=5&type=section&id=%E4%B8%80%E3%80%81%20%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section provides basic corporate details including names, legal representative, contact information, and addresses - The company's legal representative is **Chen Zhongguo**[9](index=9&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E4%B8%83%E3%80%81%20%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved strong growth and turned profitable in H1 2021, with revenue increasing by 126.44% and net cash flow from operating activities growing by 271.90% Key Accounting Data for H1 2021 | Indicator | Current Period (Jan-Jun) | Prior Year Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue (RMB)** | 8,922,050,931.68 | 3,940,198,081.74 | 126.44 | | **Net Profit Attributable to Shareholders (RMB)** | 2,850,492,180.56 | -1,677,731,410.78 | - | | **Net Profit after Non-recurring Items (RMB)** | 2,807,525,393.51 | -1,702,683,320.45 | - | | **Net Cash Flow from Operating Activities (RMB)** | 4,692,798,141.49 | 1,261,843,079.87 | 271.90 | | **Total Assets (RMB)** | 42,955,874,272.77 | 41,101,944,044.46 | 4.51 (vs. Prior Year-End) | | **Net Assets Attributable to Shareholders (RMB)** | 22,528,119,122.47 | 19,677,626,941.91 | 14.49 (vs. Prior Year-End) | Key Financial Indicators for H1 2021 | Indicator | Current Period (Jan-Jun) | Prior Year Period | Change | | :--- | :--- | :--- | :--- | | **Basic Earnings Per Share (RMB/Share)** | 0.794 | -0.468 | - | | **Weighted Average Return on Equity (%)** | 13.51 | -8.54 | Increase of 22.05 p.p. | | **Weighted Average ROE after Non-recurring Items (%)** | 13.30 | -8.67 | Increase of 21.97 p.p. | [Non-recurring Profit and Loss Items and Amounts](index=6&type=section&id=%E4%B9%9D%E3%80%81%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring profit and loss for the period totaled RMB 42.97 million, primarily driven by government subsidies - Total non-recurring profit and loss for the reporting period was **RMB 42,966,787.05**, mainly consisting of government subsidies amounting to **RMB 45,707,955.61**[16](index=16&type=chunk)[17](index=17&type=chunk) [Management Discussion and Analysis](index=8&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) The company capitalized on the display panel market recovery in H1 2021, achieving record performance driven by increased production and sales of its substrate glass and display panel products [Industry and Core Business Overview](index=8&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E5%8F%8A%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company's core business involves substrate glass and display panels, featuring a unique "panel + substrate" vertically integrated industrial layout - The company's core business is substrate glass and display panels, forming a **globally unique "panel + substrate" vertically integrated industrial layout**[18](index=18&type=chunk) - The company is currently the only domestic enterprise to have mastered the core technology for **G8.5+ substrate glass manufacturing and achieved mass production**, but faces intensifying competition in the high-end market[19](index=19&type=chunk) [Core Competitiveness Analysis](index=9&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core strengths lie in its industrial chain synergy, expanded G8.6 LCD panel production capacity, and mass production of proprietary G8.5+ substrate glass - The company completed the capacity expansion of its **G8.6 LCD panel production line from 120K/month to 170K/month**, making it one of the most competitive lines in the industry[23](index=23&type=chunk) - The company's proprietary high-generation (G8.5+) LCD substrate glass products, developed through the overflow process, have entered the market in volume with quality reaching advanced industry standards[24](index=24&type=chunk) - The company achieved key technological breakthroughs in its self-developed **WOLED new display panels**, providing technical assurance for future business upgrades[25](index=25&type=chunk) [Business Operations Discussion and Analysis](index=10&type=section&id=%E4%B8%89%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) The company achieved record-high performance in H1 2021, with its LCD panel business reaching full capacity and the substrate glass segment achieving operational profitability for the first time - The LCD panel business achieved its **170K/month capacity expansion target ahead of schedule**, maintaining full production and sales with rapid growth in output[26](index=26&type=chunk)[27](index=27&type=chunk) - The company's **second G8.5+ substrate glass production line was ignited ahead of schedule on February 26, 2021**, and quickly reached production capacity, marking a shift from technological enhancement to scale expansion[28](index=28&type=chunk) Revenue Breakdown by Business Segment for H1 2021 | Business Segment | Revenue (RMB in ten thousands) | YoY Growth (%) | | :--- | :--- | :--- | | **Total Operating Revenue** | 892,205 | 126 | | LCD Panel | 849,410 | 153 | | LCD Substrate Glass | 34,047 | 57 | [Financial Analysis of Key Operations](index=11&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) Key operating indicators improved across the board, with revenue up 126.44% due to higher volume and prices, while cost of sales only rose 14.75% due to improved efficiency Changes in Key Financial Items for H1 2021 | Item | Current Period (RMB) | Prior Year Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 8,922,050,931.68 | 3,940,198,081.74 | 126.44 | | **Operating Cost** | 5,000,526,085.06 | 4,357,940,264.38 | 14.75 | | **Net Cash Flow from Operating Activities** | 4,692,798,141.49 | 1,261,843,079.87 | 271.90 | | **Net Cash Flow from Financing Activities** | -1,693,472,219.29 | 752,770,350.59 | -324.97 | - The significant increase in operating revenue was driven by **higher sales volume and prices of LCD panels**; the much smaller increase in cost of sales was due to **lower unit costs resulting from enhanced capacity and yield rates**[31](index=31&type=chunk)[32](index=32&type=chunk) Changes in Key Balance Sheet Items | Item | Current Period-End (RMB) | Prior Year-End (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | **Fixed Assets** | 25,337,389,564.97 | 18,658,498,514.97 | 35.80 | | **Construction in Progress** | 2,414,176,807.64 | 8,618,675,407.50 | -71.99 | | **Taxes Payable** | 328,251,717.28 | 22,357,371.81 | 1,368.20 | - The increase in fixed assets and decrease in construction in progress were mainly due to the **completion and transfer of the G8.6 LCD panel expansion project and the Phase I G8.5 substrate glass project**[35](index=35&type=chunk) [Risk Factors](index=15&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BA%8B%E9%A1%B9) The company faces risks from upstream raw material shortages, intensified market competition, and rapid technological iteration in the display industry - The company faces systemic industry risks from **supply shortages of upstream raw materials** for display panel manufacturing (e.g, polarizers, substrate glass, driver ICs)[42](index=42&type=chunk) - Industry giants are accelerating localized investment in high-end substrate glass production lines in China, leading to a risk of **further intensified market concentration**[43](index=43&type=chunk) - The company faces **risks from technological iteration** unique to the flat panel display industry, such as the impact of technologies like Oxide TFT, LTPS, and flexible OLED panels on existing production lines[44](index=44&type=chunk) [Corporate Governance](index=16&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) This section covers governance activities during the period, including the annual general meeting, the appointment of a new Board Secretary, and the absence of a profit distribution plan [Changes in Directors, Supervisors, and Senior Management](index=16&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Mr. Zheng Tao was appointed as the new Secretary to the Board of Directors on June 18, 2021 - On June 18, 2021, the company appointed **Mr. Zheng Tao as the Secretary to the Board of Directors**[46](index=46&type=chunk) [Profit Distribution Plan](index=16&type=section&id=%E4%B8%89%E3%80%81%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E6%88%96%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E9%A2%84%E6%A1%88) The company has no profit distribution or capitalization of capital reserves plan for the reporting period - The company has **no profit distribution or capitalization of capital reserves plan** for the reporting period[47](index=47&type=chunk) [Environment and Social Responsibility](index=18&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E7%8E%AF%E5%A2%83%E4%B8%8E%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB) The company details its environmental management for key polluting subsidiaries and outlines its social responsibility initiatives, including poverty alleviation and employment support [Environmental Information](index=18&type=section&id=%E4%B8%80%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%83%85%E5%86%B5) Two key subsidiaries are listed as major pollutant-discharging units, with all emissions complying with standards and no environmental penalties incurred during the period - The company's holding subsidiaries, **CHG (Hefei) LCD Glass Co., Ltd. and Xianyang Caihong Optoelectronics Technology Co., Ltd.**, are designated as key pollutant-discharging units for wastewater and exhaust gas in Anhui and Shaanxi provinces, respectively[49](index=49&type=chunk) - During the reporting period, pollutant emissions from the key subsidiaries **complied with relevant standards**, with no instances of excessive discharge or administrative penalties for environmental issues[50](index=50&type=chunk)[52](index=52&type=chunk)[53](index=53&type=chunk)[57](index=57&type=chunk) [Social Responsibility](index=21&type=section&id=%E4%BA%8C%E3%80%81%E5%B7%A9%E5%9B%BA%E6%8B%93%E5%B1%95%E8%84%B1%E8%B4%AB%E6%94%BB%E5%9D%9A%E6%88%90%E6%9E%9C%E3%80%81%E4%B9%A1%E6%9D%91%E6%8C%AF%E5%85%B4%E7%AD%89%E5%B7%A5%E4%BD%9C%E5%85%B7%E4%BD%93%E6%83%85%E5%86%B5) The company actively fulfilled its social responsibilities through various poverty alleviation efforts, purchasing over RMB 1.48 million in related products in H1 2021 - In H1 2021, the company purchased **over RMB 1.48 million in poverty alleviation products** and contributed **over RMB 1.25 million to the disability security fund**, actively fulfilling its social responsibilities[59](index=59&type=chunk) [Significant Matters](index=22&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers commitments from the actual controller, related-party transactions, a regulatory warning issued to a supervisor, and significant guarantees provided to subsidiaries [Violations and Penalties](index=23&type=section&id=%E5%85%AB%E3%80%81%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E5%8F%8A%E5%85%B6%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%B6%89%E5%AB%8C%E8%BF%9D%E6%B3%95%E8%BF%9D%E8%A7%84%E3%80%81%E5%8F%97%E5%88%B0%E5%A4%84%E7%BD%9A%E5%8F%8A%E6%95%B4%E6%94%B9%E6%83%85%E5%86%B5) Supervisor Wang Xiaoyang received a regulatory warning letter for improperly reducing his holdings of company shares during the blackout period for the 2020 annual report - Supervisor **Wang Xiaoyang received a warning letter** from the Shaanxi Regulatory Bureau for improperly selling 3,000 company shares on March 17, 2021, during the annual report disclosure blackout period[63](index=63&type=chunk) [Significant Related-Party Transactions](index=23&type=section&id=%E5%8D%81%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company engaged in routine related-party transactions, including sales of goods to Ribo Electronics (Hong Kong) and purchases from Xianyang Hongning Key Routine Related-Party Transactions | Related Party | Transaction Type | Transaction Amount (RMB) | | :--- | :--- | :--- | | Ribo Electronics (Hong Kong) Limited | Sales of goods | 258,741,950.28 | | CHG (Hefei) Photovoltaic Co., Ltd. | Energy sales | 50,870,304.95 | | Xianyang Hongning | Purchase of goods | 377,764,195.00 | [Significant Contracts and Their Performance](index=25&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) As of the period-end, the company's total external guarantees amounted to RMB 14.77 billion, representing 65.55% of its net assets - At the end of the reporting period, the company's total guarantees amounted to **RMB 14.77 billion**, representing **65.55% of its net assets**, with guarantees to subsidiaries totaling RMB 14.42 billion[68](index=68&type=chunk) [Changes in Share Capital and Shareholder Information](index=26&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) The company's share capital structure remained unchanged, with the top two state-owned shareholders holding a combined 51.39% stake [Shareholder Information](index=26&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) As of the period-end, the company had 108,031 shareholders, with Xianyang Financial Holding Group Co., Ltd. being the largest shareholder at 31.01% - As of the end of the reporting period, the total number of common shareholders was **108,031**[70](index=70&type=chunk) Top Three Shareholders | Shareholder Name | Shares Held at Period-End | Percentage (%) | | :--- | :--- | :--- | | Xianyang Financial Holding Group Co., Ltd. | 1,112,759,643 | 31.01 | | Xianyang China Electronics Caihong Group Holding Co., Ltd. | 731,324,842 | 20.38 | | Xianyang Urban Construction Investment Holding Group Co., Ltd. | 319,676,301 | 8.91 | [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=27&type=section&id=%E4%B8%89%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) Supervisor Wang Xiaoyang reduced his shareholding by 3,000 shares during the reporting period - During the reporting period, Supervisor **Wang Xiaoyang reduced his shareholding by 3,000 shares** through centralized bidding transactions[74](index=74&type=chunk) [Information on Preferred Shares](index=28&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no preferred shares during the reporting period - The company had **no preferred shares** during the reporting period[75](index=75&type=chunk) [Information on Bonds](index=28&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) The company had no corporate bonds or other debt financing instruments during the reporting period - The company had **no outstanding corporate bonds, company bonds, or convertible bonds** during the reporting period[76](index=76&type=chunk) [Financial Report](index=29&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the complete audited financial statements and accompanying notes for the reporting period [Financial Statements](index=29&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section contains the consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in equity for H1 2021 [Company Profile](index=42&type=section&id=%E4%B8%89%E3%80%81%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section details the company's registration, organizational structure, business scope, and the scope of consolidation, which includes six subsidiaries [Significant Accounting Policies and Estimates](index=43&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This section outlines the specific accounting policies and key estimates applied in preparing the financial statements, covering areas such as financial instruments, inventory, and revenue recognition [Taxes](index=60&type=section&id=%E5%85%AD%E3%80%81%E7%A8%8E%E9%A1%B9) This section lists the main applicable taxes and tax rates, including preferential income tax rates for subsidiaries recognized as high-tech enterprises [Notes to Consolidated Financial Statement Items](index=61&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This section provides detailed breakdowns and explanations for key items in the consolidated financial statements, including assets, liabilities, equity, revenue, and expenses [Interests in Other Entities](index=86&type=section&id=%E5%85%AB%E3%80%81%E5%9C%A8%E5%85%B6%E4%BB%96%E4%B8%BB%E4%BD%93%E4%B8%AD%E7%9A%84%E6%9D%83%E7%9B%8A) This section discloses the company's interests in its six subsidiaries and key joint ventures, including their ownership structure and financial information [Risks Related to Financial Instruments](index=88&type=section&id=%E4%B9%9D%E3%80%81%20%E4%B8%8E%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E7%9B%B8%E5%85%B3%E7%9A%84%E9%A3%8E%E9%99%A9) This section describes the company's exposure to market risk (foreign exchange and interest rate), credit risk, and liquidity risk, along with its risk management policies [Related Parties and Related-Party Transactions](index=89&type=section&id=%E5%8D%81%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) This section provides detailed information on the company's related parties and the transactions conducted with them during the period, including sales, purchases, and guarantees [Commitments and Contingencies](index=93&type=section&id=%E5%8D%81%E4%B8%80%E3%80%81%20%E6%89%BF%E8%AF%BA%E5%8F%8A%E6%88%96%E6%9C%89%E4%BA%8B%E9%A1%B9) This section discloses significant capital commitments for engineering projects and contingent liabilities related to ongoing antitrust lawsuits concerning color picture tubes (CRTs)