Financial Performance - The company's operating revenue for 2022 was approximately ¥458.85 million, representing a year-on-year increase of 13.03%[21]. - The net profit attributable to shareholders for 2022 was approximately ¥113.02 million, a decrease of 16.93% compared to the previous year[21]. - The basic earnings per share for 2022 was ¥1.10, down 40.86% from ¥1.86 in 2021[22]. - The net cash flow from operating activities decreased by 85.53% to approximately ¥20.39 million in 2022[23]. - The company's total assets as of the end of 2022 were approximately ¥2.15 billion, a decrease of 1.84% from the previous year[21]. - The gross profit margin for the year was 54.60%[32]. - The company achieved a revenue of 459 million RMB in 2022, representing a year-on-year growth of 13.03%[32]. - The organic light-emitting materials segment generated 213 million RMB in revenue, a year-on-year increase of 48.12%[33]. - The sales revenue from evaporation source equipment decreased by 6.32%[23]. - The company reported a revenue increase of 15% year-over-year, reaching $500 million in Q3 2023[149]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% growth compared to the previous year[151]. Research and Development - Research and development expenses accounted for 21.15% of operating revenue in 2022, slightly down from 21.26% in 2021[23]. - The company invested 97.05 million RMB in R&D, reflecting a year-on-year increase of 12.47%[34]. - The company is committed to continuous R&D investment to enhance product quality and diversify product offerings in the OLED materials and equipment sector[41]. - The company has developed high mobility electron transport materials that significantly reduce device driving voltage and improve luminous efficiency, addressing power consumption issues[62]. - The company is actively increasing R&D investments to enhance its product offerings and improve profitability, aiming for sustainable development[59]. - The company has established a domestic leading level in the production of high-performance organic light-emitting materials[78]. - The company is focusing on the development of new generation products and technologies in the OLED display equipment sector, including high-generation evaporation sources and small evaporation machines[134]. - The company plans to invest in research and development to support the launch of new products in the upcoming fiscal year[147]. - Investment in R&D increased by 30%, focusing on the development of new technologies and products to enhance market competitiveness[153]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company continues to enhance its internal governance structure and internal control management systems in compliance with relevant laws and regulations[138]. - The independent directors have played a positive role in protecting the interests of minority shareholders[138]. - The company has held multiple shareholder meetings throughout the year, with resolutions published on the Shanghai Stock Exchange website[138]. - The company is committed to maintaining a clear division of responsibilities among its board, supervisory board, and management team[138]. - The company has not reported any issues regarding independence or autonomous operational capabilities concerning its controlling shareholders[138]. - The company has not faced any significant adverse impacts from competition with its controlling shareholders[138]. Market and Competition - The OLED industry is experiencing increased competition, which may affect the company's market position and pricing power[92]. - The company is focusing on expanding its market share by strengthening collaboration with customers and accelerating product upgrades[53]. - The company is actively involved in cooperative R&D with research institutions and other companies in the OLED industry to enhance its innovation capabilities[50]. - The company is exploring new strategies for market expansion, particularly in emerging markets[147]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[151]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 10 CNY per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held, resulting in a total cash dividend of 102,661,216 CNY and an increase of 41,064,486 shares, changing the total share capital to 143,725,702 shares[6]. - The total cash dividend distributed accounted for 90.83% of the net profit attributable to ordinary shareholders in the consolidated financial statements[176]. - The company has a cash dividend policy that protects the rights of minority investors, with clear standards and procedures in place[174]. - The company has made adjustments to its cash dividend policy in accordance with regulatory requirements during the reporting period[172]. Environmental and Social Responsibility - The company has invested 2.406 million yuan in environmental protection during the reporting period[191]. - The company has achieved a reduction of 3.5 tons in carbon emissions through clean production and resource-saving measures[199]. - The company has maintained compliance with environmental regulations, with no significant environmental pollution incidents reported during the reporting period[194]. - The company is actively participating in charity activities, reflecting its commitment to social responsibility[200]. - The company contributed 19.5 million yuan in material donations for public welfare activities[200]. Employee and Management - The company has a competitive compensation and benefits system to motivate employees and enhance organizational vitality[169]. - The company employed a total of 378 staff members, including 215 in the parent company and 163 in major subsidiaries[167]. - The average salary of R&D personnel increased to 32.33 thousand RMB from 22.58 thousand RMB in the previous period[81]. - Total compensation for directors, supervisors, and senior management at the end of the reporting period amounted to 1,877.09 million[156]. - Total compensation for core technical personnel at the end of the reporting period was 986.13 million[156].

Financial Performance - The company's operating revenue for Q3 2022 was ¥138,706,444.85, representing a year-on-year increase of 5.56%[5] - Net profit attributable to shareholders decreased by 19.60% year-on-year to ¥37,299,338.04[5] - The basic earnings per share for Q3 2022 was ¥0.44, down 30.16% compared to the same period last year[6] - Net profit for the third quarter of 2022 was ¥111,267,549.75, a decrease of 24.3% from ¥146,916,713.10 in the same quarter of 2021[21] - Basic earnings per share for the third quarter of 2022 were ¥1.33, down from ¥2.01 in the same quarter of 2021[23] Research and Development - Research and development expenses totaled ¥15,850,768.41, a decrease of 23.25% year-on-year, accounting for 11.43% of operating revenue[6] - Research and development expenses for the third quarter of 2022 amounted to ¥63,123,525.02, an increase of 56.5% compared to ¥40,319,037.97 in the previous year[21] - The company reported a significant increase in development expenses to ¥17,585,080.20 from ¥13,037,189.13, reflecting a rise of about 35.5%[17] - The company has not disclosed any new product or technology developments in the current report[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,112,713,469.52, a decrease of 3.47% from the end of the previous year[6] - The total current assets as of September 30, 2022, amounted to ¥1,108,898,983.28, a decrease from ¥1,344,449,450.19 at the end of 2021, reflecting a decline of approximately 17.5%[16] - The company's cash and cash equivalents decreased to ¥690,612,074.11 from ¥779,724,375.46, representing a decline of about 11.4%[16] - Accounts receivable increased to ¥136,804,567.31 from ¥98,002,787.49, marking an increase of approximately 39.5%[16] - The total non-current assets increased to ¥1,003,814,486.24 from ¥844,190,798.83, indicating a growth of around 18.9%[17] - The total current liabilities decreased to ¥277,379,660.77 from ¥352,982,951.10, a reduction of approximately 21.4%[17] - Total liabilities as of the end of the third quarter of 2022 were ¥437,101,518.01, down from ¥533,139,673.57 at the end of the same quarter in 2021[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥70,278,024.99, reflecting an increase of 55.82% due to higher sales collections[9] - Cash flow from operating activities for the first three quarters of 2022 was ¥70,278,024.99, compared to ¥45,102,315.98 in the same period of 2021, reflecting a significant improvement[23] - The company received cash inflows from operating activities totaling ¥412,115,247.16 for the first three quarters of 2022, compared to ¥352,015,176.90 in the same period of 2021[23] - The net cash flow from investment activities was -$21,064,929.09 for Q3 2022, compared to $438,927,852.50 in the same period last year[24] - Total cash inflow from investment activities amounted to $360,600,303.39, while cash outflow was $381,665,232.48, resulting in a net cash outflow[24] - Cash flow from financing activities showed a net outflow of -$100,301,825.51, compared to -$68,058,367.95 in Q3 2021[24] - The company reported a net decrease in cash and cash equivalents of -$51,663,071.45, contrasting with an increase of $415,958,212.65 in the previous year[24] - The ending balance of cash and cash equivalents was $671,437,584.57, down from $723,100,656.02 at the beginning of the period[24] Shareholder Information - The company's total equity attributable to shareholders increased by 1.21% to ¥1,675,611,951.51[6] - The number of ordinary shareholders at the end of the reporting period was 6,027[12] - Total equity attributable to shareholders reached ¥1,675,611,951.51, slightly up from ¥1,655,500,575.45 in the previous year[18] Future Outlook - There are no significant mergers or acquisitions reported during the quarter[15] - The company has not provided specific future guidance or market expansion strategies in the current report[15] Operating Costs - Total operating revenue for the first three quarters of 2022 reached ¥393,152,147.41, an increase of 2.2% compared to ¥382,309,307.34 in the same period of 2021[20] - Total operating costs for the first three quarters of 2022 were ¥280,881,547.65, up 12.2% from ¥250,336,017.71 in the previous year[20] - The company reported a decrease in tax expenses to ¥9,363,550.79 in the third quarter of 2022, down from ¥16,329,691.80 in the same quarter of 2021[21]

Financial Performance - The company's operating revenue for Q3 2022 was CNY 138,706,444.85, representing a year-on-year increase of 5.56%[5] - Net profit attributable to shareholders decreased by 19.60% to CNY 37,299,338.04 for the same period[5] - The basic earnings per share (EPS) for Q3 2022 was CNY 0.44, down 30.16% compared to the previous year[6] - Total operating revenue for the first three quarters of 2022 reached ¥393,152,147.41, an increase of 2.2% compared to ¥382,309,307.34 in the same period of 2021[19] - Net profit for the third quarter of 2022 was ¥111,267,549.75, a decrease of 24.3% from ¥146,916,713.10 in the same quarter of 2021[20] - Basic earnings per share for the third quarter of 2022 was ¥1.33, down from ¥2.01 in the same period last year[22] Research and Development - Research and development (R&D) expenses totaled CNY 30,379,736.61 in Q3 2022, an increase of 47.11% year-on-year, accounting for 21.90% of operating revenue[6] - Research and development expenses for the third quarter of 2022 totaled ¥63,123,525.02, an increase of 56.5% compared to ¥40,319,037.97 in the previous year[20] - The company plans to continue increasing its R&D investment to enhance innovation and product development capabilities[9] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,112,713,469.52, a decrease of 3.47% from the end of the previous year[6] - The total current assets as of September 30, 2022, amounted to RMB 1,125,454,029.70, a decrease from RMB 1,344,449,450.19 at the end of 2021, reflecting a decline of approximately 16.3%[15] - The company's cash and cash equivalents decreased to RMB 690,247,294.93 from RMB 779,724,375.46, representing a decline of about 11.4%[15] - Accounts receivable increased to RMB 136,804,567.31 from RMB 98,002,787.49, showing a growth of approximately 39.5%[15] - Inventory decreased to RMB 185,839,339.48 from RMB 213,000,334.46, indicating a reduction of about 12.7%[15] - Total non-current assets reached RMB 987,259,439.82, up from RMB 844,190,798.83, marking an increase of approximately 16.9%[16] - Current liabilities totaled RMB 277,379,660.77, a decrease from RMB 352,982,951.10, indicating a reduction of approximately 21.4%[16] - The company reported short-term borrowings of RMB 15,750,780.00, with no previous short-term borrowings reported[16] - The company’s accounts payable increased to RMB 86,808,338.34 from RMB 75,022,382.63, reflecting an increase of about 15.5%[16] - The company’s deferred income tax assets rose to RMB 45,445,831.44 from RMB 35,379,244.90, showing an increase of approximately 28.8%[16] - The total liabilities as of the end of the third quarter of 2022 amounted to ¥437,101,518.01, down from ¥533,139,673.57 at the end of the previous year[17] - The total equity attributable to shareholders of the parent company was ¥1,675,611,951.51, slightly up from ¥1,655,500,575.45 in the previous year[17] Cash Flow - The cash flow generated from operating activities for the year-to-date period was CNY 74,245,661.49, reflecting a significant increase of 64.62%[6] - Cash inflow from operating activities for the first three quarters of 2022 was ¥416,742,934.56, compared to ¥352,015,176.90 in the same period of 2021[23] - The net cash flow from operating activities for Q3 2022 was $74,245,661.49, an increase of 64.7% compared to $45,102,315.98 in Q3 2021[24] - The total cash inflow from investment activities was $360,600,303.39, down 77.5% from $1,600,516,898.24 in the previous year[24] - The net cash flow from investment activities was -$20,328,505.25, a significant decrease from $438,927,852.50 in Q3 2021[24] - The cash flow from financing activities resulted in a net outflow of -$104,274,071.11, compared to -$68,058,367.95 in the same quarter last year[24] - The total cash and cash equivalents at the end of Q3 2022 were $672,174,008.41, slightly up from $661,956,049.98 at the end of Q3 2021[24] - The cash outflow for investing activities was $380,928,808.64, down 67.2% from $1,161,589,045.74 in the previous year[24] - The cash outflow for financing activities, including dividend payments, was $120,024,851.11, compared to $73,136,700.00 in Q3 2021[24] - The cash flow from operating activities totaled $342,497,273.07, an increase from $306,912,860.92 in the previous year[24] - The company reported a decrease in cash flow due to foreign exchange fluctuations amounting to -$569,732.74[24] Shareholder Information - The company reported a total of 6,027 ordinary shareholders at the end of the reporting period[10] - The top shareholder, Xuan Jingquan, holds 22,363,320 shares, representing 21.78% of the total shares[11] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20] - The company did not apply new accounting standards for the first time in 2022[25]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-on-year growth of 25%[19]. - The company's operating revenue for the first half of 2022 was approximately CNY 254.45 million, representing a year-on-year increase of 1.41%[20]. - The net profit attributable to shareholders decreased by 25.77% to approximately CNY 74.62 million compared to the same period last year[22]. - The basic and diluted earnings per share were both CNY 1.0022, down 27.09% from CNY 1.3745 in the previous year[21]. - The net cash flow from operating activities fell by 287.79%, resulting in a negative cash flow of approximately CNY 22.03 million[22]. - The company's total assets decreased by 9.34% to approximately CNY 1,984.21 million compared to the end of the previous year[20]. - The company's total operating revenue for the first half of 2022 was RMB 254,445,702.56, a slight increase of 1.4% compared to RMB 250,910,414.23 in the first half of 2021[194]. - Net profit for the first half of 2022 was RMB 74,168,978.29, down 26.1% from RMB 100,525,624.12 in the first half of 2021[195]. - The company reported a financial expense of RMB -11,457,957.23, compared to RMB -2,742,005.86 in the same period last year, indicating a worsening financial position[194]. Research and Development - The company has allocated 100 million RMB for R&D in new technologies, focusing on sustainable materials and production processes[19]. - Research and development expenses accounted for 22.73% of operating revenue, an increase of 7.63 percentage points from the previous year[21]. - R&D investment increased by 52.61% year-on-year, totaling approximately ¥57.82 million, which represents 22.73% of operating revenue, up 7.63 percentage points[45]. - The company has developed a comprehensive R&D system, focusing on independent innovation and collaboration with research institutions and industry partners to enhance its technological capabilities[31]. - The company has established a blue light material development team led by industry experts from Japan and South Korea, focusing on theoretical calculations and material synthesis[41]. - The company is developing high mobility electron transport materials with a project budget of $12 million, aiming to improve device efficiency by 5%-10% and reduce power consumption by 0.1V[48]. - The company is focusing on the development of inkjet printing OLED materials, aiming to improve material utilization efficiency and reduce manufacturing costs[24]. Market Expansion and Strategy - The company is expanding its market presence, targeting an increase in market share by 10% in the Asia-Pacific region by the end of 2022[19]. - The company plans to enhance its online sales channels, aiming for a 50% increase in e-commerce revenue by the end of 2022[19]. - The company is actively expanding its market presence, particularly in the domestic market, targeting major downstream manufacturers like Huaxing and Tianma[64]. - The management has identified potential risks, including supply chain disruptions, which could impact production timelines and costs[4]. - The company is focusing on the strategic opportunity of "domestic substitution" in the new display industry[66]. Product Development - New product development includes the launch of a next-generation OLED material, expected to enhance performance by 30% over previous versions, with a projected market introduction in Q4 2022[19]. - The company is actively expanding its product range, focusing on hole transport materials, light-emitting materials, and electronic functional materials, while also developing core polymer materials for OLED applications[32]. - The company has successfully developed high-performance light-emitting materials, improving the luminous efficiency and stability of application devices[39]. - The company has made significant investments in R&D, with a focus on enhancing product quality and diversifying its product offerings to become a globally recognized player in the OLED materials and equipment sector[30]. Shareholder and Capital Management - The board has approved a profit distribution plan, proposing a dividend payout of 0.5 RMB per share for the first half of 2022[19]. - The company has committed to a stock lock-up period of 12 months following its initial public offering, with additional restrictions for key stakeholders[104]. - The company will adhere to regulations regarding share reduction and will ensure that any reduction price does not fall below the IPO price within two years post-lock-up[114]. - The company has implemented a stock incentive plan, with the latest meeting held on March 14, 2021, to review the 2021 restricted stock incentive plan[92]. - The company has a total of 6,808 common stock shareholders as of the end of the reporting period[168]. Environmental Responsibility - The company reported no environmental pollution incidents during the reporting period and complied with relevant environmental laws and regulations[98]. - Wastewater generated during operations meets the Class III discharge standards as per national regulations[98]. - The company has implemented strict control measures for pollutants generated during production, achieving compliance with emission standards[101]. - The company continues to adhere to its "green development" philosophy since its establishment[101]. Risks and Challenges - The management has identified potential risks, including supply chain disruptions, which could impact production timelines and costs[4]. - The company faces risks related to core technology leakage and the loss of key technical personnel[68]. - The company has reported a 100% decrease in receivables financing, with the current amount at ¥0 compared to ¥18,888,849.60 last year[78]. Legal and Compliance - There are no significant lawsuits or arbitration matters reported during the reporting period[145]. - The company has not experienced any non-compliance issues or penalties during the reporting period[145]. - The company guarantees that the public offering of shares and listing on the Sci-Tech Innovation Board does not involve any fraudulent issuance[130].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 205,388,310.64, representing a year-on-year increase of 58.75%[5] - The net profit attributable to shareholders was CNY 86,095,144.90, reflecting a growth of 65.23% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 81,823,305.34, with a significant increase of 93.04% year-on-year[5] - Basic earnings per share for the period were CNY 1.1772, up by 65.22% from the previous year[6] - Total revenue for Q1 2022 reached ¥205,388,310.64, a significant increase from ¥129,375,153.61 in Q1 2021, representing a growth of approximately 58.7%[20] - Operating profit for Q1 2022 was ¥97,962,415.12, compared to ¥59,869,149.73 in Q1 2021, indicating an increase of about 63.5%[21] - Net profit for Q1 2022 amounted to ¥86,000,247.58, up from ¥52,106,890.18 in Q1 2021, reflecting a growth of approximately 64.9%[21] - Basic and diluted earnings per share for Q1 2022 were both ¥1.1772, compared to ¥0.7125 in Q1 2021, marking an increase of about 65.3%[22] - The company reported a total comprehensive income of ¥86,355,833.97 for Q1 2022, compared to ¥52,106,890.18 in Q1 2021, an increase of about 65.5%[21] Research and Development - The total R&D investment amounted to CNY 29,278,605.83, which is an increase of 68.87% year-on-year, accounting for 14.26% of operating revenue[6][11] - Research and development expenses for Q1 2022 were ¥17,423,170.05, compared to ¥11,200,063.09 in Q1 2021, indicating an increase of approximately 55.7%[20] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,145,515,791.60, a decrease of 1.97% from the end of the previous year[6] - As of March 31, 2022, the company's total assets amounted to CNY 2,145,515,791.60, a decrease from CNY 2,188,640,249.02 as of December 31, 2021[17] - The company's current assets totaled CNY 1,254,683,324.69, down from CNY 1,344,449,450.19 in the previous period[18] - Total liabilities decreased from ¥533,139,673.57 in the previous year to ¥401,166,732.04 in Q1 2022, a reduction of approximately 25%[20] - The total liabilities and equity structure remains stable, with a focus on maintaining liquidity and managing debt levels[16] Cash Flow - The net cash flow from operating activities was CNY 2,658,316.76, with no applicable year-on-year comparison[5][11] - Cash inflow from operating activities in Q1 2022 was $96,878,546.92, a significant increase from $22,998,534.18 in Q1 2021, representing a growth of approximately 321%[23] - Net cash flow from operating activities turned positive at $2,658,316.76 in Q1 2022, compared to a negative cash flow of -$68,351,254.98 in Q1 2021[23] - Cash inflow from investment activities in Q1 2022 was $232,799,824.56, down from $574,935,658.56 in Q1 2021, indicating a decrease of about 60.5%[24] - Net cash flow from investment activities improved to $82,810,352.78 in Q1 2022, compared to a negative cash flow of -$22,271,525.05 in Q1 2021[24] - The net increase in cash and cash equivalents for Q1 2022 was $85,293,268.94, contrasting with a decrease of -$90,622,780.03 in Q1 2021[24] - The ending balance of cash and cash equivalents as of Q1 2022 was $808,393,924.96, compared to $230,575,524.38 at the end of Q1 2021[24] Operational Efficiency - The company experienced a significant increase in sales revenue from organic light-emitting materials and evaporation source equipment, driving overall revenue growth[10] - The company is actively monitoring market conditions and adjusting strategies to enhance operational efficiency and growth potential[16]

Financial Performance - The company reported a distributable profit of RMB 282,694,693.04 as of December 31, 2021, with a proposed cash dividend of RMB 15 per 10 shares, totaling RMB 109,705,050.00, which accounts for 38.8% of the distributable profit and 80.63% of the net profit attributable to shareholders for the year[5]. - The company's operating revenue for 2021 was CNY 405,946,360.85, representing a year-on-year increase of 43.17%[22]. - Net profit attributable to shareholders for 2021 was CNY 136,059,195.46, an increase of 89.19% compared to the previous year[22]. - The basic earnings per share for 2021 was CNY 1.86, reflecting a growth of 57.63% year-on-year[23]. - The cash flow from operating activities for 2021 increased by 16.98% to CNY 140,907,242.25[22]. - The company's total assets at the end of 2021 were CNY 2,188,640,249.02, an increase of 8.06% from the previous year[22]. - The company achieved an annual revenue of 405.9464 million RMB, representing a year-on-year growth of 43.17%[33]. - The net profit attributable to the parent company was 136.0592 million RMB, with a year-on-year increase of 89.19%[33]. - The company reported a decrease in trading financial assets by 656.6317 million RMB during the reporting period[31]. - The company achieved a total revenue of 26,237 million RMB, with a net profit of 11,183.88 million RMB, reflecting a significant growth compared to the previous year[83]. Research and Development - Research and development expenses accounted for 21.26% of operating revenue in 2021, up from 18.29% in 2020[24]. - The company has invested in a "four-in-one" materials development and innovation platform, which includes material design, patent analysis, material characterization, and process development[42]. - The company has increased R&D investment, applying for 105 patents in the reporting period, including 102 invention patents, and has a total of 172 authorized patents by the end of the reporting period[65]. - The company is committed to continuous R&D investment to enhance product quality and diversify its product offerings, aiming to become an internationally recognized enterprise in the OLED materials and equipment sector[40]. - The company has established a stable R&D team and a comprehensive R&D mechanism since its establishment in 2005, focusing on the development of electroluminescent materials[61]. - The company has achieved significant advancements in the development of high-performance light-emitting materials, including high-efficiency red, green, and blue light materials[62]. - The company is enhancing its R&D capabilities to improve the stability and color purity of TADF materials, which have not yet achieved commercial viability[58]. - The company is focusing on the development of G8.5 (G8.6) high-generation evaporation sources and is increasing R&D efforts in small-scale evaporation machines[56]. - The company has successfully developed and produced 6th generation AMOLED linear evaporator source equipment, breaking foreign monopolies[91]. Market Position and Strategy - The OLED industry is experiencing significant growth, with China being the largest application market globally, leading to increased demand for upstream OLED materials and equipment[51]. - The company has become one of the few domestic manufacturers capable of producing terminal organic light-emitting materials, establishing itself as a technologically advanced OLED organic materials manufacturer[56]. - The company is focusing on the development of G8.5 and G8.6 high-generation evaporation sources, achieving phase results in line with the growing demand for AMOLED display materials[68]. - The company is committed to expanding its market presence and enhancing its product offerings through ongoing R&D and strategic initiatives[87]. - The company is actively involved in the installation, debugging, and after-sales support of its evaporation source equipment for client panel production lines[49]. - The company is exploring potential acquisitions to bolster its product portfolio, with a budget of 300 million allocated for strategic investments in 2022[150]. - The company plans to implement new marketing strategies aimed at increasing brand awareness, with a budget increase of 15% for marketing expenditures in 2022[150]. Corporate Governance and Compliance - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company has received a standard unqualified audit opinion from Da Xin Certified Public Accountants[5]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[9]. - The company emphasizes that forward-looking statements in the report are based on subjective assumptions and may differ from actual results due to various factors[8]. - The company is actively enhancing its internal control system and governance structure to ensure compliance and protect shareholder rights[141]. - The company held three shareholder meetings in 2021, all of which passed resolutions without any objections[144]. - The company did not receive any penalties from securities regulatory authorities in the past three years[161]. Environmental Responsibility - The company emphasizes environmental protection and sustainable development, focusing on energy conservation and emission reduction[194]. - Wastewater from production meets the Class III discharge standards of the "Comprehensive Wastewater Discharge Standards" (GB8978 1996) and is treated before entering the Yitong River, minimizing environmental impact[198]. - The company employs a 70% efficiency active carbon adsorption system for treating organic waste gases, ensuring compliance with the "Comprehensive Emission Standards for Air Pollutants" (GB16297-1996)[199]. - The production process for evaporation source equipment does not generate waste gas, and wastewater is treated before discharge[200]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[198]. Employee Engagement and Development - The company has implemented a talent-first strategy, optimizing its organizational structure and performance system to enhance employee engagement and drive high-quality development[38]. - The total number of employees in the parent company and major subsidiaries is 284, with 123 in production, 22 in sales, 77 in technology, 14 in finance, and 48 in administration[173]. - The company has established a training program for new employees and tailored training plans to enhance employee development and engagement[175]. - The company has implemented a stock incentive plan, granting 963,700 restricted shares, which represents 1.32% of the total shares, to 25 employees, accounting for 9.77% of the total employee count[182].

2021 年第三季度报告 吉林奥来德光电材料股份有限公司 2021 年第三季度报告 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个别及连带责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 证券代码：688378 证券简称：奥来德 | 项目 | 本报告期 | 本报告期比 上年同期增 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | 年初至报告期末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 131,398,893.11 | 491.26 | 382,309,307.34 | 1 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥131,398,893.11, representing a year-on-year increase of 491.26%[5] - Net profit attributable to shareholders for the same period was ¥46,391,088.98, an increase of 844.84% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.63, reflecting a significant increase of 730.00% year-on-year[6] - The net profit for the year-to-date reached ¥146,916,713.10, marking a substantial increase of 313.17% compared to the same period last year[5] - The net profit for Q3 2021 was CNY 146,916,713.10, a significant increase from CNY 35,558,232.96 in Q3 2020, representing a growth of approximately 313%[24] - The total profit for Q3 2021 was CNY 163,246,404.90, compared to CNY 37,851,949.25 in Q3 2020, representing an increase of about 331%[24] - The basic and diluted earnings per share for Q3 2021 were both CNY 2.01, compared to CNY 0.63 in Q3 2020, marking an increase of approximately 219%[25] Revenue and Costs - The company experienced a 119.40% increase in operating revenue year-to-date, driven by significant sales growth in organic light-emitting materials and evaporation source equipment[11] - Total operating revenue for the first three quarters of 2021 reached ¥382,309,307.34, a significant increase from ¥174,252,184.94 in the same period of 2020, representing a growth of approximately 119.9%[23] - Total operating costs for the first three quarters of 2021 were ¥250,336,017.71, compared to ¥142,172,103.28 in 2020, indicating an increase of about 76.3%[23] - Operating income from sales and services reached 52.28 million, reflecting a substantial increase in sales revenue[12] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,071,705,438.45, showing a growth of 2.28% from the end of the previous year[6] - The company's total equity as of September 30, 2021, was ¥1,663,926,805.23, compared to ¥1,583,306,725.19 at the end of 2020, indicating an increase of about 5.1%[23] - Total liabilities decreased to ¥407,778,633.22 as of September 30, 2021, from ¥442,165,759.64 at the end of 2020, reflecting a reduction of approximately 7.8%[22] - The company’s total liabilities increased, with accounts payable rising by 65.65% due to increased procurement[11] Cash Flow - The company reported a cash flow from operating activities of ¥45,102,315.98 for the year-to-date, an increase of 31.70%[6] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 45,102,315.98, up from CNY 34,247,199.89 in the previous year, reflecting a growth of approximately 31%[28] - The company incurred a total operating cash outflow of CNY 306,912,860.92 in the first three quarters of 2021, compared to CNY 210,928,472.73 in the same period of 2020[28] - The company reported a total cash inflow from investment activities of CNY 1,600,516,898.24, with a net cash flow from investment activities of CNY 438,927,852.50 for the first three quarters of 2021[29] - The company reported a total cash inflow from financing activities of CNY 5,078,332.05 in Q3 2021, a decrease from CNY 1,120,376,306.68 in the same quarter of the previous year[29] Research and Development - Research and development expenses totaled ¥20,651,730.08, which is 15.72% of operating revenue, a decrease of 46.45% compared to the previous year[6] - Research and development expenses for the first three quarters of 2021 amounted to ¥40,319,037.97, up from ¥31,193,093.98 in 2020, reflecting a growth of approximately 29.2%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,492[14] - The largest shareholder, Xuan Jingquan, holds 15,925,800 shares, representing 21.78% of total shares[15] - The second-largest shareholder, Xuan Lingyi, owns 7,119,285 shares, accounting for 9.73%[15] Other Income and Expenses - Financial expenses increased to 232.86 million due to higher interest income[12] - Other income rose to 147.26 million primarily from increased government subsidies[12] - Credit impairment losses amounted to 781.96 million due to significant provisions for bad debts[12] - Cash paid for purchasing fixed assets and intangible assets was 98.15 million, indicating increased procurement[12] - Cash dividends distributed to shareholders totaled 6,575.66 million during the reporting period[12] Inventory and Accounts Receivable - Accounts receivable increased to ¥134,880,168.34 as of September 30, 2021, from ¥62,437,150.12 at the end of 2020, representing a growth of approximately 116.2%[20] - Inventory as of September 30, 2021, was ¥177,116,835.64, down from ¥190,764,933.53 at the end of 2020, showing a decrease of approximately 7.2%[21] - The company's cash and cash equivalents as of September 30, 2021, were ¥713,379,691.53, compared to ¥324,087,225.53 at the end of 2020, showing an increase of about 120.2%[20]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[19]. - The company's operating revenue for the first half of 2021 was ¥250,910,414.23, representing a 65.04% increase compared to ¥152,028,550.25 in the same period last year[20]. - Net profit attributable to shareholders increased to ¥100,525,624.12, a year-on-year growth of 140.57% from ¥41,786,549.19[22]. - Basic and diluted earnings per share rose by 80.43% to ¥1.3745, compared to ¥0.7618 in the previous year[21]. - The net cash flow from operating activities was ¥11,732,561.19, a significant improvement of 243.94% from a negative cash flow of ¥8,150,793.61 in the same period last year[20]. - The company's net assets attributable to shareholders increased by 1.95% to ¥1,614,163,647.32 from ¥1,583,306,725.19 at the end of the previous year[20]. - The net profit after deducting non-recurring gains and losses was 80.73 million yuan, reflecting a growth of 119.04% year-on-year[70]. - The company reported a substantial increase in other income, which rose by 240.10% to 13.88 million yuan, mainly from government subsidies[72]. Research and Development - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product performance and reducing production costs[19]. - Research and development expenses accounted for 15.10% of operating revenue, up from 14.82% in the previous year, indicating a focus on innovation[21]. - The company achieved a total R&D investment of ¥37,889,117.11, representing a significant increase of 68.21% compared to the previous year[43]. - The company synthesized and developed nearly 250 material structures, completing over 150 samples and recommending 24 materials to downstream manufacturers[41]. - The company filed 62 new invention patent applications and obtained 8 new patents during the reporting period, bringing the total to 517 applications and 147 granted patents[41]. - The company has developed high-performance light-emitting materials with improved thermal stability and film-forming properties[39]. - The company’s R&D investment in the current period was ¥25,955,922.74, which is a 15.23% increase from the previous period[43]. Market Expansion and Strategy - Future guidance indicates an expected revenue growth of 10-15% for the second half of 2021, driven by new product launches and market expansion strategies[19]. - Market expansion efforts include entering two new international markets, which are projected to contribute an additional 5% to overall revenue by the end of 2021[19]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth and product development[19]. - The company aims to continuously enhance its R&D capabilities and expand its product offerings to ensure sustainable growth[55]. Operational Efficiency - The company has implemented new strategies to enhance operational efficiency, aiming for a 10% reduction in operational costs by the end of 2021[19]. - The company has established a comprehensive quality control system, ensuring high product quality and customer satisfaction without any quality disputes reported[56]. - The company has implemented a production model based on "sales-driven production + safety stock," ensuring alignment with market demand and customer orders[35]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and fluctuating raw material prices, which could impact future performance[4]. - The company is facing increased competition in the organic light-emitting materials industry due to the expiration of core patents and rising market demand[69]. Environmental Compliance - The company has adhered to environmental regulations, with no incidents of pollution or administrative penalties reported during the reporting period[99]. - Wastewater from the company meets the Class III discharge standards as per national regulations, minimizing environmental impact[100]. - The company has achieved a 70% treatment efficiency for organic waste gas through activated carbon adsorption devices[100]. - Solid waste generated is classified and treated according to hazardous waste regulations, ensuring minimal environmental impact[101]. Shareholder and Governance - The company held four shareholder meetings during the reporting period, with all proposed resolutions being approved without any rejections[91]. - The company has initiated a stock incentive plan, with the first proposal approved on March 14, 2021, aimed at enhancing employee motivation and retention[94]. - The company’s board of directors underwent changes, with several new non-independent directors elected to enhance governance[93]. - The company has established a long-term effective strategy for managing shareholding and related transactions[119]. Financial Management - The company aims to enhance the efficiency of raised fund usage and reduce financial costs to improve profitability and protect shareholder interests[163]. - The total amount used for share repurchase by the controlling shareholder in a single accounting year shall not exceed 30% of the last cash dividend received[136]. - The company will ensure compliance with all relevant laws and regulations regarding share transfers and reductions[131].

Financial Performance - In 2020, the company's operating revenue was CNY 283.54 million, a decrease of 5.70% compared to 2019[23]. - The net profit attributable to shareholders was CNY 71.92 million, down 33.82% from the previous year[23]. - The basic earnings per share decreased by 44.08% to CNY 1.18[24]. - The gross profit margin for 2020 was 55.50%, a decrease of 5.89 percentage points from 2019[33]. - The company achieved a main business revenue of 282.62 million RMB, a decrease of 5.70% compared to the previous year[116]. - The main business cost was 126.17 million RMB, an increase of 8.69% year-on-year[116]. - The gross profit margin for organic light-emitting materials was 30.10%, down 19.40 percentage points from the previous year[117]. - Revenue from organic light-emitting materials decreased by 26.27% due to delays in new product market introduction and declining prices of existing products[118]. - The company reported a net profit attributable to shareholders of 36,358,175.71 RMB in Q4 2020, following a loss in Q2 and Q3[47]. R&D and Innovation - Research and development expenses accounted for 18.29% of operating revenue, an increase of 6.26 percentage points from 2019[25]. - The company has invested significantly in R&D, establishing a comprehensive R&D system and collaborating with research institutions and industry peers to enhance innovation capabilities[53][55]. - The company increased its R&D investment to CNY 51,854,838.88, a significant rise of 43.34% compared to the previous year[79]. - Total R&D expenditure accounted for 18.29% of the company's revenue, up from 12.03% in the previous year, indicating a strategic focus on innovation[79]. - The company applied for 148 new patents during the reporting period, including 137 invention patents, enhancing its intellectual property portfolio[76]. - The company completed over 400 material structure design projects and synthesized more than 300 samples in 2020[39]. - The company has made significant advancements in organic material uniformity and evaporation control technologies, improving production efficiency[75]. - The company is developing next-generation light-emitting materials and key polymer functional materials to adapt to future market trends[152]. Market Position and Strategy - The company specializes in the research, manufacturing, and sales of organic light-emitting materials and evaporation source equipment, crucial for OLED panel production[52]. - The OLED industry in China is rapidly developing, with domestic manufacturers gaining competitive strength and a supply chain system being established[63]. - The company has established stable partnerships with major OLED panel manufacturers, including Visionox, BOE, and TCL, due to its high-quality products[52]. - The OLED product structure is diversifying, with major smartphone brands adopting OLED screens as mainstream models, leading to rapid market penetration[148]. - The company aims to enhance product quality and diversify its product range through continuous R&D investment[52]. - The company is committed to becoming an internationally recognized R&D and manufacturing enterprise in the OLED materials and equipment sector[52]. Financial Management and Investments - The total expenses for the period increased by 15.83% to 9,361.10 million RMB[42]. - Financial expenses decreased significantly by 311.94% to -363.91 million RMB, primarily due to increased interest income from idle funds[36]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2020, representing a year-over-year growth of 25%[172]. - The company plans to implement stock repurchase measures to stabilize its stock price, including repurchasing shares, increasing holdings by controlling shareholders, and increasing holdings by directors and senior management[180]. - The total amount used for stock repurchase in a single accounting year should not exceed 30% of the audited net profit attributable to the parent company's shareholders from the previous year[181]. Risk Management - The company reported no significant risks during the reporting period, ensuring a stable operational environment[4]. - The company faced risks related to the concentration of customers and potential declines in demand for evaporator products post-2024[109]. - The company emphasizes that forward-looking statements in the report are subject to various uncertainties and may differ from actual results[8]. - The company faced risks from intensified competition in the OLED industry and potential impacts from the ongoing COVID-19 pandemic[112][113]. Corporate Governance and Compliance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[4]. - The company has received a standard unqualified audit report from Da Xin Accounting Firm[5]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company will ensure that any share reduction plans are made cautiously to maintain stable operations[165]. - The company has established a framework to ensure compliance with share transfer regulations during the holding period[169].