Financial Performance - The company's operating revenue for the first half of 2022 was CNY 725,420,958.49, a decrease of 5.01% compared to CNY 763,714,265.83 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 41,201,532.86, down 17.41% from CNY 49,888,108.75 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 34,004,377.38, a decline of 27.73% compared to CNY 47,053,424.02 in the previous year[18]. - Basic earnings per share decreased by 38.46% to CNY 0.56 from CNY 0.91 in the same period last year[19]. - The weighted average return on net assets was 4.32%, down 8.11 percentage points from 12.43% in the previous year[19]. - The total comprehensive income for the first half of 2022 was CNY 41,567,971.03, down from CNY 49,832,894.43 in the first half of 2021[121]. - The company reported a net loss of CNY 9,868,440.74 for the period, indicating challenges in profitability[132]. Cash Flow and Investments - The net cash flow from operating activities was CNY 46,328,169.17, a significant improvement from a negative CNY 15,082,470.10 in the same period last year[18]. - The net cash flow from investing activities was negative at CNY -200,959,130.32, reflecting increased financial investments[56]. - The company reported cash inflow from investment activities of ¥255,253,806.89 in H1 2022, a substantial increase from ¥8,768,062.32 in H1 2021[124]. - Cash outflow from operating activities also decreased to ¥739,170,430.16 in H1 2022 from ¥857,245,792.45 in H1 2021, a reduction of about 13.8%[124]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,408,699,461.39, an increase of 12.93% from CNY 1,247,439,513.46 at the end of the previous year[18]. - The total liabilities of the company were CNY 444,566,025.82, compared to CNY 315,244,733.18 at the beginning of the period, indicating an increase of about 41%[115]. - The company's equity increased to CNY 964,133,435.57 from CNY 932,194,780.28, reflecting a growth of approximately 3.43%[115]. - The company's total liabilities rose to CNY 443,441,663.22, up from CNY 251,889,107.48, indicating a significant increase of 76.14%[117]. Research and Development - The company has 73 R&D personnel and has obtained 69 utility model patents and 3 invention patents, with additional patents pending[48]. - R&D expenses increased by 16.72% to CNY 17,892,108.01, reflecting the company's commitment to enhancing existing and incubating products[56]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency and user experience[90]. Market Position and Strategy - The company focuses on semiconductor display devices and special adhesive materials, with display devices accounting for an increasing share of revenue and profit[30]. - The company anticipates a significant increase in demand for large polarizers due to the release of 10.5-generation panel production capacity in China[26]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget of 500 million RMB allocated for this purpose[95]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2023[88]. Environmental and Regulatory Compliance - The company has complied with environmental regulations and has not faced any penalties related to environmental issues during the reporting period[80]. - The company has passed the ISO 14001:2015 environmental management system certification, emphasizing its commitment to environmental protection[82]. - The company has established and implemented various environmental management regulations to minimize adverse impacts on the ecological environment[82]. Corporate Governance and Management - The company did not disclose any plans for profit distribution or capital reserve transfer during the reporting period[3]. - There were changes in senior management, with two vice presidents resigning in early 2022[75]. - The company has not disclosed any significant related party transactions or major contracts during the reporting period[98]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the assumption of going concern, indicating confidence in the company's ongoing operations[144]. - The company adheres to the enterprise accounting standards, ensuring the accuracy and completeness of financial reporting[146]. - The company recognizes revenue based on its specific income recognition policies, which are crucial for financial performance assessment[145].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 388,282,546.72, representing a year-on-year increase of 4.49%[5] - The net profit attributable to shareholders was CNY 22,197,280.00, showing a decrease of 3.27% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 18,950,232.73, down 7.95% year-on-year[5] - The basic earnings per share for the period was CNY 0.30, a decline of 28.57% compared to the previous year[5] - Net profit for Q1 2022 was ¥22.20 million, slightly down from ¥22.95 million in Q1 2021, representing a decrease of 3.27%[18] - In Q1 2022, the company's net profit attributable to shareholders was 22,165,773.13 RMB, a decrease from 23,035,275.86 RMB in Q1 2021, representing a decline of approximately 3.77%[19] - The total comprehensive income for Q1 2022 was 22,165,773.13 RMB, down from 23,035,275.86 RMB in Q1 2021, indicating a decline of approximately 3.77%[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,394,592,249.34, an increase of 11.80% from the end of the previous year[6] - Total assets as of Q1 2022 amounted to ¥1,394.59 million, compared to ¥1,247.44 million in Q1 2021, indicating a growth of 11.83%[16] - Current liabilities increased to ¥417.68 million in Q1 2022 from ¥291.26 million in Q1 2021, marking a significant rise of 43.38%[15] - The company's equity attributable to shareholders increased to ¥954.88 million in Q1 2022 from ¥932.19 million in Q1 2021, a rise of 2.99%[16] Cash Flow - The net cash flow from operating activities was negative CNY 22,457,837.37, indicating a significant cash outflow[5] - Cash inflow from operating activities in Q1 2022 was 336,427,695.65 RMB, compared to 323,998,209.73 RMB in Q1 2021, reflecting an increase of about 3.93%[22] - The net cash flow from operating activities was -22,457,837.37 RMB in Q1 2022, an improvement from -74,317,705.07 RMB in Q1 2021[22] - Cash outflow from investing activities in Q1 2022 totaled 285,812,964.97 RMB, significantly higher than 39,958,284.63 RMB in Q1 2021, indicating increased investment activity[22] - The net cash flow from investing activities was -230,347,512.92 RMB in Q1 2022, worsening from -31,395,222.31 RMB in Q1 2021[22] - Cash inflow from financing activities was 24,260,000.00 RMB in Q1 2022, down from 74,100,000.00 RMB in Q1 2021, a decrease of approximately 67.32%[23] - The net cash flow from financing activities was 13,761,063.90 RMB in Q1 2022, a decrease from 36,074,548.76 RMB in Q1 2021[23] - The ending cash and cash equivalents balance for Q1 2022 was 192,366,780.70 RMB, compared to 74,773,011.93 RMB at the end of Q1 2021, showing a significant increase[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,276[10] - The largest shareholder, Zhang Jianwei, holds 62.70% of the shares, totaling 45,833,333 shares[10] Operating Costs and Expenses - Operating costs for Q1 2022 were ¥357.15 million, up from ¥341.99 million in Q1 2021, reflecting a year-over-year increase of 4.83%[17] - Research and development expenses for Q1 2022 were ¥7.99 million, compared to ¥7.47 million in Q1 2021, reflecting an increase of 7.03%[18] - The company reported a decrease in financial expenses, with interest expenses dropping to ¥530.63 thousand from ¥1,025.45 thousand year-over-year[18] - Other comprehensive income for Q1 2022 was reported at -¥31.51 thousand, compared to ¥88.66 thousand in Q1 2021, indicating a decline in this area[18] Government Subsidies - The company received government subsidies amounting to CNY 3,262,327.41 during the period, which are closely related to its normal business operations[7]

Financial Performance - The net profit attributable to the parent company for 2021 was RMB 98,656,105.08, with the parent company achieving a net profit of RMB 35,285,014.44 after a 10% statutory surplus reserve deduction of RMB 3,528,501.44[5] - The total distributable profit for shareholders for the year was RMB 74,699,849.38, with a proposed cash dividend of RMB 1.35 per 10 shares, totaling RMB 9,868,440.74, which accounts for 10% of the net profit attributable to shareholders[5] - The company achieved total revenue of CNY 1,396,691,902.44 in 2021, representing a year-on-year growth of 26.34%[35] - Net profit attributable to shareholders was CNY 98,656,105.08, an increase of 8.71% compared to the previous year[35] - Operating profit for the year was ¥113,153,852.25, an increase of 7.32% compared to the previous year[80] - The company reported a significant increase in revenue for the year 2021, with total revenue reaching 1.5 billion RMB, representing a year-over-year growth of 20%[189] Assets and Liabilities - The company's net assets attributable to shareholders grew by 148.09% year-on-year, primarily due to the successful IPO and capital increase[27] - Total assets increased by 46.79% year-on-year, mainly driven by funds raised from the IPO[27] - Cash and cash equivalents at the end of the period increased by 181.29% to CNY 439,810,314.69, compared to CNY 156,354,746.48 at the end of the previous period[101] - The company's short-term borrowings decreased by 68.48% to CNY 49,318,785.00, primarily due to repayment of bank loans[101] - The company’s construction in progress increased by 690.00% to CNY 55,359,700.17, attributed to increased investment in fundraising projects[101] Production and Operations - The company successfully launched three production lines for LCD panels, enhancing product variety and meeting differentiated customer demands[36] - The capacity for polarizers increased by 25% compared to the end of 2020, with a total of 10 production lines now operational[37] - The company implemented advanced automated production lines, improving production efficiency and product quality[39] - The company utilizes an "order-based production" model, organizing production according to customer orders, which enhances operational flexibility[68] - The company has established a stable procurement channel, leading to increased bargaining power and reduced raw material costs[71] Research and Development - The R&D department has made significant progress, securing 2 invention patents and 69 utility model patents, with additional applications pending[41] - Research and development expenses rose to ¥30,556,414.88, reflecting a 46.26% increase as the company intensified its focus on new technology development[82] - The company has a dedicated R&D team of 61 professionals, focusing on continuous technical improvements and innovation[75] - The total R&D expenditure for the period was CNY 30,556,414.88, accounting for 2.19% of the operating revenue[98] Market and Industry Trends - The display industry is now the fourth largest manufacturing industry globally, with significant investment and rapid technological iteration[43] - The global display industry is transitioning from scale competition to technology and innovation competition, driven by advancements in display technology[121] - The company plans to focus on large-size screens, particularly in the ultra-high-definition (4K/8K) and large-size LCD panel sectors, as part of its strategic layout[128] - The company aims to significantly increase its production capacity for functional devices, targeting new display fields such as foldable screens and OLED technology, in response to market demand[129] Governance and Compliance - The company emphasizes transparency in operations by strictly adhering to legal and regulatory requirements for information disclosure[146] - The company has implemented measures to ensure the independence of its operations from its controlling shareholders[147] - The company has not faced any penalties from securities regulatory agencies in the past three years[158] - The company has committed to ensuring that personal consumption behaviors of its executives are restrained and do not harm the company's interests[192] Risks and Challenges - The company faces competition risks as its main raw material suppliers also supply directly to downstream manufacturers, potentially affecting supply stability[137] - The company is exposed to risks from fluctuations in raw material prices, especially for polarizer film materials, which could negatively affect profitability[141] - The ongoing COVID-19 pandemic poses risks to the company's operational performance due to potential economic downturns and disruptions in the supply chain[141] Employee and Management - The total number of employees in the parent company and major subsidiaries is 743, with 530 in production, 39 in sales, 61 in technology, 21 in finance, 66 in administration, and 26 in other roles[169] - The company has implemented a salary policy based on individual capabilities, responsibilities, and contributions, ensuring competitive compensation in the industry[170] - The management team includes individuals with extensive experience in various sectors, enhancing the company's operational capabilities[155] Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 15% to 1.725 billion RMB, driven by new product launches and market expansion strategies[189] - Future guidance includes maintaining a net profit margin of at least 20% for 2022, supported by ongoing operational improvements and strategic initiatives[190]

Financial Performance - The company's operating revenue for Q3 2021 was ¥317,749,061.84, representing a year-on-year increase of 13.45%[5] - The net profit attributable to shareholders for the same period was ¥17,304,419.35, showing a decrease of 26.18% compared to the previous year[5] - The net profit excluding non-recurring gains and losses was ¥14,482,015.82, down 32.75% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,081,463,327.67, a 42.7% increase from ¥757,123,977.66 in the same period of 2020[20] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥67,192,528.10, compared to ¥62,036,534.15 in Q3 2020, reflecting an 8.5% increase[22] - Total comprehensive income of ¥67,167,610.20 for Q3 2021, compared to ¥61,858,012.69 in Q3 2020, reflecting overall financial health[22] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,288,794,319.99, an increase of 51.66% compared to the end of the previous year[6] - The equity attributable to shareholders increased by 139.61% to ¥900,341,809.48 compared to the previous year[6] - Total current liabilities decreased to CNY 383,207,782.08 from CNY 473,097,255.20, a reduction of approximately 19%[17] - Total liabilities as of Q3 2021 were ¥388,452,510.51, compared to ¥474,048,637.35 in the previous year, showing a decrease in financial leverage[21] - The company has no long-term borrowings reported, indicating a potentially lower financial risk[17] Cash Flow - The cash flow from operating activities showed a negative net amount of ¥79,529,972.75, reflecting a decline of 284.99% year-on-year[5] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥79,529,972.75, compared to a positive cash flow of ¥42,990,568.01 in the same period of 2020[24] - The company received cash inflows from operating activities totaling ¥1,197,375,260.50 in the first three quarters of 2021, compared to ¥773,960,516.36 in the same period of 2020, indicating improved sales performance[24] - The net cash flow from investing activities was -$74,095,438.43, compared to -$61,354,532.65 in the previous year, indicating a decline in investment performance[25] - The net cash flow from financing activities was $511,300,457.55, up from $77,256,836.61 year-over-year, showing strong financing support[25] Investments and Expenditures - The company invested $39,258,605.00 in capital expenditures, which is an increase from $35,000,000.00 in the prior year[25] - Cash paid for debt repayment was $82,000,000.00, up from $44,000,000.00 in the previous year, indicating increased debt management efforts[25] - The total cash outflow from investing activities was $102,892,538.53, compared to $116,780,399.26 in the previous year, showing a reduction in investment outflows[25] Market and Strategic Outlook - The company attributed the increase in operating revenue to greater market demand and larger sales volume[10] - The decline in net profit was influenced by factors such as the COVID-19 pandemic and changes in downstream industry demand[10] - The company plans to continue expanding its market presence and enhancing its product offerings in response to evolving market conditions[10] - Research and development expenses for Q3 2021 amounted to ¥22,666,051.93, significantly higher than ¥11,490,938.85 in Q3 2020, indicating a focus on innovation[21] Shareholder Information - The number of shares held by the top shareholder, Zhang Jianwei, is 45,833,333, representing 62.70% of total shares[12] - Total equity attributable to shareholders of the parent company increased to ¥900,341,809.48 from ¥375,747,584.04 year-over-year, indicating strong retained earnings and capital growth[21]