关于极米科技股份有限公司 2023 年半年度持续督导跟踪报告 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关法律、法规的 规定，中国国际金融股份有限公司（以下简称"保荐机构"）作为极米科技股份有限公司 （以下简称"极米科技"、"公司"）持续督导工作的保荐机构，负责极米科技上市后的持 续督导工作，并出具本持续督导跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度， 并针对具体的持续督导工作制定相应的工 | 保荐机构已建立并有效执行了持续督导制 | | | | 度，并制定了相应的工作计划 | | | 作计划 | | | 2 | 根据中国证监会相关规定，在持续督导工 作开始前，与上市公司或相关当事人签署 持续督导协议，明确双方在持续督导期间 | 保荐机构已与极米科技签订《保荐协议》， 该协议明确了双方在持续督导期间的权利 | | | | 和义务，并报上海证券交易所备案 | | | 的权利义务，并报上海证券交易所备案 | | | ...

证券代码：688696 证券简称：极米科技 公告编号：2023-051 极米科技股份有限公司 关于以集中竞价交易方式回购股份进展公告 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、准确性和完整性依法承担法律责任。 公司于 2022 年 8 月 30 日召开第二届董事会第二次会议，审议通过了《关于 以集中竞价交易方式回购公司股份方案的议案》，同意公司使用超募资金以集中 竞价的方式回购公司股份，回购的资金总额不超过人民币 4,000 万元（含），不 低于人民币 2,000 万元（含），回购价格不超过人民币 511.53 元/股（含），回 购期限为自公司董事会审议通过本次回购股份方案之日起 12 个月内，具体内容 详见公司于 2022 年 9 月 1 日在上海证券交易所网站（http://www.sse.com.cn）披 露的《成都极米科技股份有限公司关于以集中竞价交易方式回购股份方案的公 告》（公告编号：2022-050）。公司于 2022 年 9 月 9 日在上海证券交易所网站 （http://www.sse.com.cn）披露《关于以集中竞价交易方式回购 ...

Financial Performance - Xgimi Technology reported a revenue of 1.2 billion CNY for the first half of 2023, representing a year-on-year increase of 15%[12]. - The company achieved a net profit of 200 million CNY, up 25% compared to the same period last year[12]. - In the first half of 2023, the company's operating revenue decreased by 20.10% year-on-year to approximately CNY 1.63 billion[19]. - The net profit attributable to shareholders decreased by 65.58% year-on-year to approximately CNY 92.73 million[19]. - The basic and diluted earnings per share fell by 65.71% year-on-year to CNY 1.32[19]. - The company expects a revenue guidance of 2.5 billion CNY for the full year 2023, indicating a growth target of 18%[12]. - The company reported a total revenue of 147,677 million RMB for the first half of 2023, with a net profit of 20,512.8 million RMB, representing a year-on-year increase of 17.5%[54]. - The net profit after deducting non-recurring gains and losses decreased by 74.81% year-on-year to approximately CNY 58.52 million[19]. - The company reported a net profit for the first half of 2023 of CNY 92,388,380.04, a decline of 65.7% compared to CNY 269,370,321.09 in the first half of 2022[176]. Market Expansion and Strategy - Xgimi plans to launch two new projector models in Q3 2023, aiming to capture a larger market share in the premium segment[12]. - The company is expanding its market presence in Europe, targeting a 20% increase in sales from this region by the end of 2023[12]. - The company is actively expanding its overseas market presence while maintaining a strong focus on domestic sales through e-commerce and offline channels[27]. - The company has established overseas subsidiaries in the US, Japan, Germany, and Singapore, expanding its distribution channels and enhancing brand presence internationally[66]. - The company aims to achieve significant market expansion through innovative product development and technology advancements[52]. - The company is focusing on expanding its market presence and enhancing product development strategies[197]. Research and Development - R&D investment increased by 10% to 150 million CNY, focusing on enhancing laser projection technology[12]. - The R&D investment as a percentage of operating revenue increased by 3.05 percentage points to 12.61%[19]. - The total R&D investment for the first half of 2023 was approximately ¥205.13 million, representing a 5.38% increase compared to ¥194.65 million in the same period last year[50]. - The company has adopted an integrated product R&D model to enhance efficiency and align new products with market demands[25]. - The company has developed a smart projection software system based on the Android kernel, enhancing user experience with low memory consumption and high fluency[46]. - The company is currently working on three major projects: home smart projectors with an expected total investment of ¥520.48 million, commercial projectors with an expected investment of ¥64.81 million, and overseas smart projectors with an expected investment of ¥83.23 million[52]. - The company has achieved significant advancements in optical display technology and intelligent sensing algorithms, enhancing the performance of smart projection devices[58]. Product Development and Innovation - The company introduced the Dual Light super hybrid light technology, enhancing color gamut and brightness by combining laser and LED light sources, significantly improving viewing comfort and overall performance metrics[32]. - The company has developed a comprehensive optical design capability, including long-focus, zoom, ultra-short focus, and shift lenses, enabling full-process lens development from optical design to mass production[33]. - The company has implemented automated production for certain lenses and components, improving production yield, product consistency, and efficiency, while also reducing human error through machine vision inspection[35]. - The company’s intelligent separation cooling technology allows for rapid temperature response and efficient heat dissipation, ensuring high-brightness projectors operate reliably with low noise[36]. - The company has developed a high versatility image processing system "X-VUE" that enhances image quality in terms of clarity, color performance, and purity[45]. - The company launched innovative technologies such as Dual Light Super Mixed Light and Eagle-Eye Hardware-Level Computing Optical System, enhancing product performance across various dimensions[64]. Financial Stability and Risks - The company maintains a strong cash position with 500 million CNY in cash reserves, ensuring financial stability for future investments[12]. - The company has identified potential risks including supply chain disruptions and increased competition in the projector market[12]. - The company faces risks related to product price reductions and supply chain disruptions, particularly concerning core components like DMD devices from Texas Instruments[68][69]. - The company is exposed to inventory impairment risks due to potential market demand fluctuations[82]. - The company’s accounts receivable decreased by 76.10% to 77.64 million RMB, indicating improved collection efficiency[88]. Environmental and Social Responsibility - The company has invested 12.80 million yuan in environmental protection during the reporting period[108]. - The company has established mechanisms for environmental protection and complies with national environmental laws and regulations[109]. - The company actively promotes energy-saving and emission-reduction concepts, reducing energy consumption in production processes[111]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[109]. Shareholder and Governance - The company has committed to stabilizing its stock price for three years following its IPO[115]. - The company has issued a commitment regarding the absence of false records or misleading statements in its prospectus[119]. - The company has made a commitment to ensure that all directors and senior management adhere to the prospectus regulations[119]. - The company reported a total of 19,020,000 RMB in related party transactions, with 4,874,010 RMB occurring in the first half of 2023[128]. - The company has not reported any new strategic investments or acquisitions during this reporting period, focusing instead on internal growth strategies[158].

证券代码：688696 证券简称：极米科技 公告编号：2023-050 重要内容提示： 会议召开时间：2023 年 9 月 12 日(星期二)下午 13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 9 月 5 日(星期二)至 9 月 11 日(星期一)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@xgimi.com 进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 极米科技股份有限公司（以下简称"公司"）已于 2023 年 8 月 31 日发布公 司《2023 年半年度报告》，为便于广大投资者更全面深入地了解公司 2023 年 半年度经营成果、财务状况，公司计划于 2023 年 9 月 12 日下午 13:00-14:00 举 行 2023 年半年度业绩说明会，就投资者关心的问题进行交流。 极米科技股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会 ...

证券代码：688696 证券简称：极米科技 公告编号：2023-033 极米科技股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会 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个别及连带责任。 会议召开方式：上证路演中心视频录播和网络互动 重要内容提示： http://roadshow.sseinfo.com/） 投资者可于 2023 年 05 月 10 日(星期三) 至 05 月 16 日(星期二)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@xgimi.com 进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 极米科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日发布公 司《2022 年年度报告》和《2023 年第一季度报告》，为便于广大投资者更全面 深入地了解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划 于 2023 年 05 月 17 日下午 13:00-14:30 举行 2022 年度暨 2023 ...

Financial Performance - The total revenue for Q1 2023 was ¥883,693,767.84, representing a decrease of 12.75% compared to the same period last year [6] - The net profit attributable to shareholders was ¥52,193,828.12, down 57.03% year-over-year [6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,640,805.94, a decline of 59.44% compared to the previous year [6] - The basic earnings per share for the period was ¥0.75, reflecting a decrease of 56.79% year-over-year [6] - Total operating revenue for Q1 2023 was approximately ¥883.69 million, a decrease of 12.74% from ¥1,012.89 million in Q1 2022 [21] - Net profit for Q1 2023 was approximately ¥51.99 million, a decline of 57.16% compared to ¥121.47 million in Q1 2022 [22] - Basic and diluted earnings per share for Q1 2023 were both ¥0.75, down from ¥1.74 in Q1 2022 [23] - The company reported a total comprehensive income of approximately ¥50.22 million in Q1 2023, down from ¥120.15 million in Q1 2022 [22] Cash Flow - The net cash flow from operating activities was ¥81,747,819.31, with no applicable year-over-year comparison [6] - Cash flow from operating activities generated a net inflow of approximately ¥81.75 million in Q1 2023, compared to a net outflow of ¥136.09 million in Q1 2022 [25] - Cash flow from investment activities showed a net inflow of approximately ¥17.41 million in Q1 2023, a significant improvement from a net outflow of ¥412.07 million in Q1 2022 [25] - Cash flow from financing activities resulted in a net inflow of approximately ¥250.96 million in Q1 2023, compared to ¥51.23 million in Q1 2022 [25] - The beginning cash and cash equivalents balance for Q1 2023 was $1,413,672,018.70, compared to $1,038,928,264.01 in Q1 2022, indicating a year-over-year increase [26] - The ending cash and cash equivalents balance for Q1 2023 was $1,762,694,587.65, significantly up from $540,350,315.64 in Q1 2022, reflecting strong cash flow management [26] Assets and Liabilities - Total assets at the end of the period were ¥5,537,199,645.50, an increase of 4.75% from the end of the previous year [7] - As of March 31, 2023, the total current assets of the company amounted to RMB 4,159,494,621.73, an increase from RMB 3,913,684,476.85 at the end of 2022, reflecting a growth of approximately 6.3% [15] - The total liabilities of the company as of March 31, 2023, were RMB 2,328,509,999.28, compared to RMB 2,147,190,643.25 at the end of 2022, indicating an increase of approximately 8.4% [18] - The company's total equity reached RMB 3,208,689,646.22, up from RMB 3,138,871,271.28, marking an increase of about 2.2% [18] - The inventory value as of March 31, 2023, was RMB 1,260,260,679.39, compared to RMB 1,184,462,084.65 at the end of 2022, showing an increase of approximately 6.4% [17] - The accounts receivable decreased to RMB 131,502,630.70 from RMB 324,802,959.96, reflecting a decline of about 59.5% [15] - The company's non-current assets totaled RMB 1,377,705,023.77, slightly up from RMB 1,372,377,437.68, indicating a marginal increase of about 0.2% [17] - The company's short-term borrowings were recorded at RMB 182,088,303.42, with no previous short-term borrowings reported [18] - The company's retained earnings increased to RMB 1,030,951,822.58 from RMB 978,757,994.46, representing a growth of approximately 5.3% [18] Research and Development - Research and development expenses totaled ¥99,431,592.36, accounting for 11.25% of total revenue, an increase of 1.99 percentage points [7] - The company’s research and development expenses increased to approximately ¥99.43 million in Q1 2023, up from ¥93.77 million in Q1 2022 [21] Tax and Accounting - The company’s tax expenses for Q1 2023 were approximately ¥10.18 million, a decrease from ¥20.06 million in Q1 2022 [22] - The company has adopted new accounting standards starting in 2023, which may impact financial reporting going forward [26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,082 [12]

Financial Performance - The company's operating revenue for 2022 was approximately CNY 4.22 billion, representing a 4.57% increase compared to CNY 4.04 billion in 2021[24]. - The net profit attributable to shareholders for 2022 was approximately CNY 501.47 million, a 3.72% increase from CNY 483.50 million in 2021[24]. - The net cash flow from operating activities decreased by 111.00% to approximately -CNY 58.96 million, primarily due to increased payments for raw material purchases and labor costs[25]. - The total assets at the end of 2022 were approximately CNY 5.29 billion, a 2.83% increase from CNY 5.14 billion at the end of 2021[24]. - The company's net assets attributable to shareholders increased by 13.50% to approximately CNY 3.13 billion at the end of 2022[24]. - The basic earnings per share for 2022 were CNY 7.16, a slight decrease of 0.69% from CNY 7.21 in 2021[25]. - The gross profit margin for the reporting period was 35.98%[119]. - The company's inventory at the end of 2022 was valued at CNY 118,446.21 million, accounting for 22% of total assets[106]. - Accounts receivable at the end of 2022 amounted to CNY 32,480.30 million, representing 6% of total assets[108]. - The company reported a net profit of RMB 19.06 million from its subsidiary, Jichuang Optoelectronics, with total assets of approximately RMB 52.99 million[150]. Dividend and Share Repurchase - The proposed cash dividend distribution is RMB 21.4680 per 10 shares, totaling approximately RMB 150 million based on a total share capital of 69,872,117 shares[5]. - The total amount spent on share repurchase during the year was RMB 23,322,588.01, which, combined with the proposed cash dividend, represents 34.56% of the net profit attributable to shareholders[5]. - The company plans to carry forward the undistributed profits to future years without issuing bonus shares or stock dividends for this year[5]. - The company plans to distribute profits through cash, stock, or a combination of both, with a minimum cash dividend of 20% of the distributable profit for the year[199]. - The company aims for a cumulative cash distribution of at least 30% of the average annual distributable profit over the last three years[199]. Research and Development - Research and development expenses accounted for 8.93% of operating revenue in 2022, an increase of 2.42 percentage points from 6.51% in 2021[25]. - R&D expenses amounted to 377 million RMB, representing a year-on-year increase of 43.49%, with R&D expenses accounting for 8.93% of revenue[37]. - The number of R&D personnel rose to 694, representing 26.34% of the total workforce, compared to 668 and 24.60% in the prior year[87]. - The company is currently working on multiple projects, with total expected investments of ¥121.25 million across various product lines[83]. - The company has achieved a total of 393 new patent applications during the reporting period, including 176 invention patents and 96 utility model patents, bringing the cumulative total to 1,937 applications and 1,050 granted patents[79]. - The company has developed a high-performance UI rendering framework based on the Android system, significantly improving UI rendering smoothness and reducing memory usage[78]. - The company is developing a new OS system to improve user experience and content offerings, maintaining industry leadership in application responsiveness[85]. Market Expansion and Product Development - The company plans to continue expanding its market presence and investing in new product development and technology[18]. - The company achieved overseas revenue of RMB 790 million, representing a year-on-year growth of 82.04%[40]. - The company has expanded its overseas retail channels, entering markets such as Australia and South Korea, with the opening of its first authorized experience center in Australia in October 2022[40]. - The company plans to launch new products in the next 2-5 years, focusing on market expansion and technological innovation[83]. - The company aims to maintain its leading position in technology by investing in R&D for foundational technology innovations and continuous product improvements[155]. - The company plans to expand its market share in China while exploring new markets in Europe, North America, and Japan[155]. Operational Efficiency and Cost Management - The company is focused on enhancing its operational efficiency and managing costs effectively in response to market challenges[18]. - The company aims to reduce operational costs by 10% in 2023 through efficiency improvements and process optimizations[169]. - The company's management expenses increased by 33.95% to CNY 141,489.16 million, primarily due to rising employee compensation and share-based payment costs[117]. - The company has a high proportion of direct material costs in its operating expenses, making it vulnerable to fluctuations in raw material prices[102]. Governance and Management - The company has established a sound governance structure, including a board of directors, supervisory board, and independent directors, to enhance decision-making and oversight[160]. - The company has maintained independence from its controlling shareholders in terms of business operations and financial management[160]. - The company has a total of four specialized committees under the board of directors, focusing on strategy, audit, nominations, and compensation[160]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 1,884.85 million RMB[180]. - The company appointed 彭妍曦 as the new financial officer and elected 王建 and 杨洋 as new supervisors during the board restructuring[181]. Risks and Challenges - The company faces risks related to core component supply, particularly from Texas Instruments, which could impact production if supply issues arise[98]. - The company is exposed to seasonal sales risks due to reliance on online sales platforms, which can lead to significant fluctuations in revenue during promotional periods[99]. - The company operates in a highly competitive market, with risks of price reductions and slowed growth if it fails to maintain technological leadership and product innovation[100]. - The company holds patents covering various aspects of optical design and core algorithms, but risks exist regarding the protection of intellectual property and potential litigation[104]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 30% based on new product launches and market expansion strategies[169]. - The company anticipates a positive outlook for the upcoming fiscal year, driven by new product launches and market expansion efforts[168]. - The company is actively exploring new product development and technological advancements to maintain competitive advantage in the industry[171].

Financial Performance - The company's operating revenue for Q3 2022 was ¥846,441,063.03, a decrease of 11.59% compared to the same period last year[8] - The net profit attributable to shareholders for Q3 2022 was ¥60,200,453.14, down 44.01% year-over-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,984,651.77, a decline of 49.16% compared to the previous year[8] - The basic earnings per share for Q3 2022 was ¥0.86, a decrease of 44.00% compared to the same period last year[11] - The weighted average return on equity for Q3 2022 was 2.05%, a decrease of 2.23 percentage points year-over-year[11] - The total operating revenue for the first three quarters of 2022 was CNY 2,882,497,285.35, an increase from CNY 2,644,071,229.75 in the same period of 2021, representing a growth of approximately 9%[36] - The net profit for the third quarter of 2022 was CNY 329,356,827.33, up from CNY 300,241,675.04 in the same quarter of 2021, reflecting a growth of approximately 9.7%[38] - The basic earnings per share for the third quarter of 2022 was CNY 4.71, compared to CNY 4.54 in the same quarter of 2021, showing an increase of about 3.7%[41] - The company’s total comprehensive income for the third quarter of 2022 was CNY 341,274,712.15, compared to CNY 300,087,563.18 in the same quarter of 2021, reflecting an increase of approximately 13.7%[41] Research and Development - The total R&D investment for Q3 2022 was ¥90,576,931.78, an increase of 43.78% year-over-year, representing 10.70% of operating revenue[11] - Research and development expenses for the first three quarters of 2022 were CNY 285,230,533.73, significantly higher than CNY 175,338,703.02 in the same period of 2021, marking an increase of approximately 62.8%[36] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥5,053,213,937.39, a decrease of 1.70% from the end of the previous year[11] - The equity attributable to shareholders at the end of Q3 2022 was ¥2,981,816,516.44, an increase of 7.96% compared to the end of the previous year[11] - Total current assets decreased to RMB 3,701,868,699.48 from RMB 3,820,674,786.81 year-on-year[30] - Non-current assets totaled RMB 1,351,345,237.91, up from RMB 1,320,110,230.24 year-on-year[30] - The total liabilities decreased to CNY 2,068,267,353.25 in 2022 from CNY 2,378,858,949.05 in 2021, a reduction of about 13%[34] - The total equity increased to CNY 2,984,946,584.14 in 2022 from CNY 2,761,926,068.00 in 2021, representing a growth of approximately 8.1%[34] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥281,680,733.95, reflecting a significant decline of 516.54%[11] - The net cash flow from operating activities for the first three quarters of 2022 was -281,680,733.95 RMB, compared to 67,623,712.38 RMB in the same period of 2021, indicating a significant decline[44] - The total cash inflow from operating activities was 3,356,860,687.02 RMB, slightly up from 3,085,595,594.74 RMB in the same period last year[44] - The cash paid to employees increased to 422,827,551.51 RMB from 287,942,021.40 RMB, reflecting a rise in labor costs[44] - The company reported a total cash outflow from operating activities of 3,638,541,420.97 RMB, compared to 3,017,971,882.36 RMB in the previous year, indicating increased operational expenses[44] - Total cash inflow from investment activities reached 6,385,367,270.28 RMB, a substantial increase from 1,840,278,117.88 RMB in the previous year[47] - The net cash flow from investment activities was 596,162,935.16 RMB, recovering from a negative cash flow of -1,560,079,084.40 RMB in the same period last year[47] - Cash inflow from financing activities totaled 150,724,297.50 RMB, down from 1,856,088,505.00 RMB in the previous year[47] - The net cash flow from financing activities was -240,540,856.35 RMB, contrasting sharply with a positive cash flow of 1,574,999,826.42 RMB in the same period of 2021[47] - The total cash and cash equivalents at the end of the period amounted to 1,113,827,869.89 RMB, compared to 571,568,449.97 RMB at the end of the previous year[47] Shareholder Information - Total number of common shareholders at the end of the reporting period was 7,530[22] - The largest shareholder, Zhong Bo, holds 13,133,554 shares, accounting for 18.76% of total shares[22] - The company has no known financing or margin trading activities among its top shareholders[24] Other Financial Metrics - The company reported government subsidies recognized in Q3 2022 amounting to ¥10,871,579.11, contributing to non-recurring gains[12] - The company reported accounts receivable of RMB 144,958,046.51, an increase from RMB 86,774,491.92 in the previous year[30] - The company has a goodwill of RMB 17,098,559.83, which was not reported in the previous year[30] - The company received 100,284,688.20 RMB in tax refunds, significantly higher than 37,140,782.69 RMB in the previous year[44] - The deferred income increased significantly to CNY 449,104,737.87 in 2022 from CNY 57,947,852.51 in 2021, indicating a substantial growth[34] - The company reported a financial expense of CNY 16,984,064.76 in the third quarter of 2022, compared to a negative financial expense of CNY -1,924,900.92 in the same quarter of 2021[38]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2022, representing a year-on-year increase of 15%[18]. - The company's revenue for the first half of 2022 was CNY 2,036,056,222.32, representing a 20.72% increase compared to CNY 1,686,644,639.54 in the same period last year[27]. - Net profit attributable to shareholders for the first half of 2022 was CNY 269,370,321.09, a 39.78% increase from CNY 192,715,311.76 in the previous year[27]. - The net profit after deducting non-recurring gains and losses was CNY 232,344,579.18, up 30.39% from CNY 178,194,141.69 year-on-year[27]. - Basic earnings per share for the first half of 2022 were CNY 3.85, an increase of 28.33% compared to CNY 3.00 in the same period last year[28]. - The company's operating revenue was CNY 2.036 billion, a year-on-year increase of 20.72%[103]. - Net profit attributable to the parent company was CNY 269 million, up 39.78% year-on-year[103]. Research and Development - Research and development expenses increased by 25% year-on-year, totaling 150 million CNY, reflecting the company's commitment to innovation[18]. - The R&D expenditure as a percentage of revenue increased to 9.56%, up 2.9 percentage points from 6.66% in the previous year[27]. - Research and development expenses amounted to 195 million RMB, a 73.27% increase year-on-year, with R&D expenses accounting for 9.56% of revenue[84]. - The number of R&D personnel increased to 722, representing 27.34% of the total workforce, compared to 23.79% in the previous year[74]. - The company has achieved a total of 642 patents, including 142 invention patents, 298 utility model patents, and 202 design patents as of June 30, 2022[63]. - The company has launched new technologies such as dynamic focus compensation and gesture control, enhancing user experience without noticeable disruptions[58][59]. Market Expansion and Strategy - The company expects a revenue growth of 10% to 15% for the second half of 2022, driven by new product launches and market expansion strategies[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales in that region by the end of 2022[18]. - The company is actively expanding its market presence internationally, leveraging both e-commerce and offline channels for sales[41]. - The company has established a comprehensive marketing network with 161 stores, including both direct and franchise locations[78]. - The company’s products have entered international markets, including Japan, Europe, and the United States, since 2019[78]. Product Development - A new projector model is set to launch in Q3 2022, with anticipated sales of 500,000 units in the first year[18]. - The company focuses on the research, production, and sales of smart projection products, including smart micro-projectors and laser TVs[36]. - The company has launched a series of smart projection products with enhanced usability and image quality, contributing to sustained sales growth[36]. - The company has completed the iteration and release of new laser TV products, focusing on improving image quality and innovative features[71]. - The company is expanding its product lines, including commercial and customized projectors, with ongoing research and development for various market segments[69][71]. Financial Stability and Management - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth and product development[18]. - No significant non-operational fund occupation by controlling shareholders was reported, ensuring financial stability[18]. - The company has implemented cost-cutting measures aimed at reducing operational expenses by 10% over the next six months[18]. - The company has not experienced any technology leakage incidents since its establishment, but risks remain as business scales up[90]. - The competitive landscape in the smart projection device industry is intensifying, posing challenges to maintaining growth rates and market share[96]. Shareholder Information - The total number of shares increased from 50,000,000 to 70,000,000, with the issuance of 20,000,000 new shares[172]. - The largest shareholder, Zhong Bo, holds 13,133,554 shares, representing 18.76% of total shares[188]. - The total number of shares held by the top ten shareholders includes significant increases, with Zhong Bo increasing his holdings by 3,752,444 shares during the reporting period[199]. - The report indicates that the company has seen a capital increase from capital reserves, impacting the shareholdings of key personnel[199]. - The report confirms that there are no strategic investors or general corporations that have become top shareholders due to new share allocations[198].

Financial Performance - The company's operating revenue for 2021 was approximately CNY 4.04 billion, representing a 42.78% increase compared to CNY 2.83 billion in 2020[33]. - The net profit attributable to shareholders for 2021 was approximately CNY 483.50 million, a significant increase of 79.87% from CNY 268.81 million in 2020[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2021 was CNY 429,067,175.64, an increase of 73.37% compared to the previous year[36]. - The net cash flow from operating activities increased by 189.32% year-on-year, reaching CNY 536,165,740.25, primarily due to expanded sales scale and improved product gross margins[36]. - The basic earnings per share for 2021 was CNY 10.09, reflecting a year-on-year increase of 40.73%[37]. - The diluted earnings per share also increased by 40.73% year-on-year, matching the basic earnings per share at CNY 10.09[38]. - The gross margin improved due to effective pricing strategies and changes in product structure, contributing to the overall profit growth[38]. - The company's revenue from smart micro-projectors reached ¥3,784,508,482.04, accounting for 86.71% of total revenue, with a year-over-year increase of 51.97%[154]. - The gross margin for smart micro-projectors was 35.50%, an increase of 6.11 percentage points compared to the previous year[154]. Dividend and Capital Increase - The company plans to distribute a cash dividend of RMB 30 per 10 shares, totaling RMB 150 million, which represents 31% of the net profit attributable to shareholders for the year 2021[7]. - The company will increase its total share capital from 50 million to 70 million shares by issuing 20 million new shares to shareholders at a ratio of 4 shares for every 10 shares held[7]. - The independent directors have provided their opinions on the profit distribution and capital increase plan, which has been approved by the supervisory board[10]. Research and Development - The company is focusing on research and development of new technologies, including advancements in laser ranging technology (TOF) and display technologies (DLP, LCD)[1]. - The company has achieved a total R&D investment of ¥262,879,043.30 in the reporting period, representing an increase of 89.03% compared to the previous year[98]. - The company's R&D expenditure as a percentage of operating income rose to 6.51%, an increase of 1.59 percentage points compared to the previous year[37]. - R&D expenses amounted to 263 million yuan, representing a year-on-year growth of 89.03%, with R&D expenses accounting for 6.51% of revenue, up from 4.92% in 2020[49]. - The number of R&D personnel increased from 452 at the end of 2020 to 668, and the company obtained 69 new authorized invention patents during the reporting period, totaling 112[49]. - The company has a strong R&D team with extensive experience in optical and display technologies, supporting its technological advancements[112]. Market Expansion and Strategy - The company plans to expand its market presence through new product launches and technological advancements in the projection industry[1]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[1]. - The company is actively expanding its overseas market presence through third-party platforms and local retail partnerships[49]. - The company aims to enhance user experience through continuous R&D in core technologies such as optical design and intelligent sensing algorithms[112]. - The company aims to maintain its leading position in technology by investing in research and development, focusing on image auto-correction and quality optimization[193]. - The company plans to expand its market share in China while exploring markets in Europe, North America, and Japan[193]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm Xin Yong Zhong He[6]. - The company is committed to maintaining high standards of corporate governance and compliance with regulatory requirements[1]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[6]. Operational Risks - The company has detailed various operational risks in the report, which investors should be aware of[5]. - The company faces risks related to potential fluctuations in raw material prices, which could impact production costs[127]. - The company faces risks from intensified market competition and potential impacts from macroeconomic changes, including the ongoing effects of the COVID-19 pandemic[140]. Inventory and Receivables - The company’s inventory value at the end of 2021 was approximately 965.23 million yuan, accounting for 19% of total assets[131]. - The company’s accounts receivable at the end of 2021 amounted to approximately 86.77 million yuan, representing 2% of total assets[135].