证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：20230516 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 □其他 参与人员单位及姓名 上市公司参与人员：陈丹、洪正阳 外部参与人员：东海证券 时间 2023 年 5 月 16 日（周二）14:30-16:00 地点 天马大厦 6 楼会议室 形式 现场调研 1、公司手机产品市占高，在目前行业价格承压的情况下，是否可以通 过调节产能推动价格回升？ 答：公司聚焦的中小尺寸显示领域，下游细分市场众多，定制化程度高， 技术迭代和提升速度快，除受供需影响外，还主要依靠产品规格的提升、方 案的创新、快速实现垂直起量支持客户需求等来打开价格空间。公司充分利 交流内容及具体问答记录 用自身电子消费显示到专业显示的多元化、差异化的业务布局经验积累，紧 抓市场结构性发展机遇，优化资源统合，不断提升产品附加值、优化产品结 构，争取高附加值产品订单份额及出货力度。此外，公司对内多措并举，推 动数字化建设、极致成本管理，不断进行技术创新、原材料降本、方案设计 优化、智能 ...

证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：20230515 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 □其他 上市公司参与人员：陈丹、洪正阳 外部参与人员：中信里昂、华夏基金(香港)有限公司、BNP Paribas Asset 参与人员单位及姓名 Management Asia、Tiger Pacific Capital、Brown Advisory London、Samsung Asset Management (HK)、Value Partners、Telligent Capital Management、FIL Investment Management、Baring Asset Management (Asia) 时间 2023 年 5 月 15 日（周一）15:45-16:45 地点 天马大厦 6 楼会议室 形式 现场调研 1、请介绍公司车载业务去年和今年 Q1 的营收状况。 答：2022 年，公司继续保持车载前装市场全球市占第一，车载业务营收 同比增长 27%，产品规格持续 ...

证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：20230404 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 □其他 参与人员单位及姓名 上市公司参与人员：陈丹、洪正阳 外部参与人员：Astroll Management 时间 2023 年 4 月 4 日（周二）9:30-10:30 地点 天马大厦 6 楼会议室（电话会议） 形式 电话会议 1、请介绍公司的汽车电子业务、新能源业务，与传统的车载显示业务 有什么联系和区别？ 答：汽车电子业务和新能源汽车业务是公司着力发展的车载业务板块， 公司将依托传统车载显示领域的优势，赋能这两个业务板块的发展。 目前，公司的车载显示业务以向 tier1 客户供货为主，在部分项目上有 交流内容及具体问答记录 与整车厂直接合作。随着显示屏在汽车内重要性增加，公司积极响应车厂需 求，探索多样化的商业合作模式，早在 2016 年开始就成立专门团队，主要 面向全球头部车厂发展汽车电子业务，并不断提升 Tier1 业务能力，2022 年 车载软件体系能力获得 A-SPI ...

证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：20230421 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 其他 投资者活动日 上市公司参与人员：董事会秘书陈冰峡、车载事业部副总经理刘金权、市场 部高级总监刘庆权 外部参与人员：Astroll Management、Cederberg、LMR PARTNERS、UBS、 宝盈基金、毕盛 APS、常春藤资本、德邦证券、东海证券、东吴证券、风炎 投资、高毅资产、光大证券、国金证券、国盛证券、国泰君安国际、国泰租 参与人员单位及姓名 赁、国投聚力、海通证券、瀚伦投资、华宝信托、华富基金、华泰资产、开 源证券、磐厚蔚然、瑞信、山东国惠基金管理有限公司、山东铁路发展基金、 山西证券、申万证券、盛石资本、时机资本、首钢基金、西部证券、西南证 券、兴业证券、野村国际、易米基金、银河证券、雍熙投资、源来资本、云 南云投资本运营有限公司、长城证券、招商证券、一汽股权、中航证券、中 金公司、中金资管、中信证券、个人投资者 时间 2023 年 4 月 21 日（ ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥7,708,229,972.16, a decrease of 11.15% compared to ¥8,675,304,897.30 in the same period last year[4] - The net profit attributable to shareholders for Q1 2023 was a loss of ¥662,267,476.32, representing a decline of 937.50% from a profit of ¥79,002,537.22 in the previous year[4] - The net profit after deducting non-recurring gains and losses was a loss of ¥917,141,160.37, compared to a loss of ¥118,902,815.97 in the same period last year, marking a 671.82% increase in losses[6] - The basic earnings per share for Q1 2023 was -¥0.2695, a decline of 936.96% from ¥0.0321 in the same period last year[6] - Operating profit for Q1 2023 was a loss of approximately ¥707.16 million, compared to a profit of ¥86.69 million in Q1 2022[29] - Other comprehensive income after tax for Q1 2023 was a loss of approximately ¥27.30 million, compared to a loss of ¥29.33 million in the same period last year[29] Cash Flow and Investments - The net cash flow from operating activities increased by 75.02% to ¥460,593,868.59, up from ¥263,166,924.74 in the previous year[6] - The company reported a net cash outflow from investing activities of approximately ¥460.59 million in Q1 2023, compared to an inflow of ¥263.17 million in Q1 2022[31] - The net cash flow from investment activities was -1,375,511,141.74 CNY, compared to -1,279,561,520.96 CNY in the previous year, indicating an increase in cash outflow[32] - Total cash inflow from financing activities was 4,582,088,651.89 CNY, down from 7,383,008,565.33 CNY year-over-year[32] - The net cash flow from financing activities was 861,709,479.54 CNY, significantly lower than 2,924,292,486.58 CNY in the same quarter last year[32] - Cash paid for investments rose to ¥675,000,000.00, reflecting a 125.00% increase due to higher investments in joint ventures[14] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was 872,967,428.87 CNY, compared to 980,478,867.28 CNY in the previous year[32] Assets and Liabilities - The total assets at the end of the reporting period were ¥80,700,227,925.82, a decrease of 0.36% from ¥80,989,353,510.79 at the end of the previous year[6] - Current assets totaled ¥21,175,743,544.79, down from ¥22,112,953,089.57 at the start of the year, indicating a decrease of approximately 4.23%[23] - Total liabilities reached ¥50,983,609,074.46, slightly up from ¥50,727,188,743.09, indicating an increase of about 0.5%[25] - Long-term borrowings rose to ¥21,896,383,138.37 from ¥20,460,722,177.04, marking an increase of approximately 7.03%[25] - The company reported a decrease in cash and cash equivalents to ¥8,964,895,091.70 from ¥9,056,177,726.32, a decline of about 1.01%[21] - The non-current assets totaled ¥59,524,484,381.03, up from ¥58,876,330,157.89, reflecting an increase of approximately 1.10%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 91,548, including credit accounts[16] - The largest shareholder, Xiamen Jincai Industrial Development Co., Ltd., held 15.85% of shares, amounting to 389,610,040 shares[16] - The second-largest shareholder, AVIC International Holdings Co., Ltd., owned 11.86% of shares, totaling 291,567,326 shares[16] - The company has established significant relationships among its top shareholders, indicating potential coordinated actions among them[17] Future Outlook and Strategy - The company plans to continue its focus on research and development for new technologies and products to enhance market competitiveness[24] - Future outlook includes potential market expansion and strategic acquisitions to drive growth and innovation[24] Tax and Other Income - The company reported a significant increase in other income, which rose by 32.88% to ¥279,832,758.74, compared to ¥210,594,847.79 in the previous year[11] - The company experienced a 67.11% decrease in tax payments, totaling ¥101,644,959.67, down from ¥309,060,319.78 in the previous year[13] Asset Disposal and Financing Activities - The company recorded a substantial increase in the disposal of fixed assets, with proceeds of ¥167,969,434.24, compared to only ¥197,838.32 in the previous year, marking an increase of 84,802.38%[13] - Cash received from borrowings decreased to ¥4,438,338,651.89, a decline of 39.88% as there were no bond issuances in the current period[14] - Cash paid for other financing activities surged to ¥187,204,999.81, an increase of 1,192.23% primarily due to payments for intangible asset purchases[14] Miscellaneous - The company disclosed several important announcements, including a performance forecast for 2022 and updates on bond issuance[19] - As of March 31, 2023, total assets amounted to ¥80,700,227,925.82, a slight decrease from ¥80,989,283,247.46 at the beginning of the year[21] - Accounts receivable increased to ¥6,275,960,376.02 from ¥6,094,382,782.07, reflecting a growth of about 2.98%[21] - Inventory decreased to ¥4,109,305,992.53 from ¥4,853,262,994.26, representing a decline of approximately 15.3%[23] - The company did not conduct an audit for the first quarter report[33]

证券代码：000050 证券简称：深天马 A 公告编号：2023-023 天马微电子股份有限公司 关于举行2022年度业绩网上说明会并征集相关问题的 2、召开方式：本次网上说明会将采用网络远程的方式召开。 公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 天马微电子股份有限公司（以下简称"公司"）2022年年度报告 已于2023年3月15日披露。为使广大投资者更加全面、深入地了解公 司情况，公司将于2023年3月29日（周三）举行2022年度业绩网上说 明会，具体如下： 一、业绩说明会相关安排 1、时间：2023年3月29日（周三）下午15:00-16:30。 3、参与方式：投资者可通过全景网 "投资者关系互动平台" （http://ir.p5w.net/）网络远程参与。 4、公司出席人员：董事长彭旭辉先生，董事、总经理成为先生， 独立董事张建华女士，总会计师王彬女士，董事会秘书陈冰峡女士。 如因行程安排有变，出席人员可能会有调整。 二、投资者问题征集及方式 公司现向投资者提前征集公司2022年度业绩说明会相关问题，欢 迎 广 大 投 资 者 于 2023 ...

Company Information - The company's registered address is located at Tianma Building, Liuxian Avenue, Minzhi Street, Longhua District, Shenzhen, with a postal code of 518131[7] - The company's stock is listed on the Shenzhen Stock Exchange under the stock code 000050[7] - The company's legal representative is Peng Xuhui[7] - The company's official website is http://www.tianma.com[7] - The company's electronic mailbox is sztmzq@tianma.cn[7] - The company's board secretary is Chen Bingxia, and the securities affairs representative is Hu Qian[8] - The company's contact address is Building 64, Majialong Industrial City, Nanshan District, Shenzhen[8] - The company's telephone number is 0755-86225886, and the fax number is 0755-86225772[8] - The company's electronic mailbox for securities affairs is sztmzq@tianma.cn[8] Financial Performance - Revenue for 2022 was RMB 31.45 billion, a decrease of 6.87% compared to the adjusted revenue of RMB 33.77 billion in 2021[13] - Net profit attributable to shareholders in 2022 was RMB 112.52 million, a significant increase of RMB 146.91 million compared to the adjusted net loss of RMB 34.39 million in 2021[13] - Operating cash flow for 2022 was RMB 3.91 billion, an increase of 18.98% compared to the adjusted operating cash flow of RMB 3.29 billion in 2021[13] - Total assets at the end of 2022 were RMB 80.99 billion, an increase of 7.01% compared to the adjusted total assets of RMB 75.68 billion at the end of 2021[14] - Shareholders' equity at the end of 2022 was RMB 30.06 billion, a slight decrease of 0.19% compared to the adjusted shareholders' equity of RMB 30.12 billion at the end of 2021[14] - Basic earnings per share for 2022 was RMB 0.0458, an increase of RMB 0.0598 compared to the adjusted basic loss per share of RMB -0.0140 in 2021[13] - Weighted average return on equity for 2022 was 0.37%, an increase of 0.48 percentage points compared to the adjusted return on equity of -0.11% in 2021[13] - The company's revenue after deducting certain items was RMB 30.91 billion in 2022, compared to RMB 33.15 billion in 2021[16] - Revenue for Q1 was 8.68 billion yuan, Q2 was 7.06 billion yuan, Q3 was 8.48 billion yuan, and Q4 was 7.23 billion yuan[18] - Net profit attributable to shareholders was 79.00 million yuan in Q1, 291.12 million yuan in Q2, -8.55 million yuan in Q3, and -249.05 million yuan in Q4[19] - Non-operating income from government subsidies in 2022 was 1.43 billion yuan, a significant increase from 865.92 million yuan in 2021[20] - Domestic sales accounted for 59.12% of total revenue, a decrease of 22.49% year-over-year[36] - International sales accounted for 40.88% of total revenue, an increase of 31.46% year-over-year[36] - Direct sales accounted for 82.57% of total revenue, a decrease of 16.93% year-over-year[36] - Distribution sales accounted for 17.43% of total revenue, an increase of 118.61% year-over-year[36] - Revenue for 2022 was 31.45 billion yuan, a decrease of 6.87% year-over-year[35] - Net profit attributable to shareholders was 112.52 million yuan, an increase of 146.91 million yuan compared to the previous year[35] - Total assets at the end of 2022 were 80.99 billion yuan, an increase of 7.01% compared to the previous year[35] Dividends and Share Capital - The company did not distribute cash dividends, issue bonus shares, or convert capital reserve into share capital for the year 2022[2] - The company's total share capital increased to 2.46 billion shares in 2022, with the controlling shareholder holding 11.86% of the shares[11] - The company's total share capital increased to 2,457,747,661 shares after the non-public issuance of 409,624,610 new shares on September 10, 2020[158] - The company issued 409,624,610 additional shares through a private placement to investors, increasing the total share capital to 2,457,747,661 shares[159] - The total share capital of the company increased to 2,457,747,661 shares after the private placement of 409,624,610 new shares in 2020[160] - The company issued 409,624,610 new shares through a private placement to 20 investors, increasing the total share capital to 2,457,747,661 shares[162] R&D and Innovation - The company holds a leading global market share in automotive displays, LTPS smartphones, industrial products, and rigid OLED smart wearables[23] - The company invested in a new automotive display R&D center in Wuhu, Anhui, to enhance its R&D capabilities in the automotive sector[25] - The company's innovation center focuses on advanced OLED technologies, including foldable displays, HTD, CFOT, MLP, and under-display cameras[24] - The company actively participates in the formulation of national and industry standards for various display technologies, including OLED and flexible displays[25] - The company's R&D strategy includes collaboration with universities, research institutes, and industry partners to drive innovation and technology integration[25] - The company has invested 33 billion yuan in Xiamen to build a G8.6 new display panel production line and 8 billion yuan in Wuhu for a new display module production line[26] - The company has invested 1.1 billion yuan in Xiamen to establish a full-process Micro-LED pilot line, aiming to become a leading innovation platform in the Micro-LED industry[26] - The company has developed advanced technologies such as 2160Hz ultra-high frequency PWM dimming, In-cell active pen technology, and LCD CUP full-screen solutions[32] - The company is focusing on emerging markets and applications, including AIoT, smart home, smart wearables, and sensors, while deepening cooperation with existing clients[27] - The company has a strong presence in the automotive display market, with products covering thousands of models from global mainstream brands[27] - The company has established a joint venture with Tongfu Microelectronics to develop advanced packaging technologies, accelerating the commercialization of related products[32] - R&D expenses increased by 36.73% year-over-year to RMB 2,732,057,566.14 in 2022, primarily due to increased R&D investment[46] - R&D investment in 2022 increased by 44.25% to RMB 2,983,239,544.03 compared to 2021[49] - R&D personnel increased by 2.72% to 6,414 in 2022, with a higher proportion of employees aged 41-50, up by 35.20%[48] - Capitalized R&D expenditure surged by 258.67% to RMB 251,181,977.89 in 2022[49] - Mini LED technology development reached mass production, enhancing competitiveness in automotive displays[47] - Flexible OLED low-power technology is in small-scale trial production, aiming for mass production to boost flagship product competitiveness[47] - DMS & 3D gesture integration development is in engineering samples phase, targeting mass production to enhance automotive electronics competitiveness[47] - ACRUS ultra-high contrast automotive display technology, a proprietary solution, is in trial production for mass production, enhancing product competitiveness[47] Production and Operations - The company has over 3,000 clients in the medical and industrial control markets, with products covering leading enterprises in various industries[27] - The company has established a comprehensive production line layout, including 2nd to 6th generation TFT-LCD lines, 5.5th and 6th generation AMOLED lines, and TN/STN lines[33] - The TM18 production line achieved the first batch of flexible AMOLED product shipments to international brand customers in August 2022, setting a new industry record for delivery speed[33] - The company is accelerating the construction of the Xiamen 6th generation AMOLED production line (TM18), the 8.6th generation TFT-LCD production line, and the Wuhu new display module production line[33] - The company established 4 new subsidiaries in 2022: Wuhu Tianma Automotive Electronics Co., Ltd., Tianma Microelectronics Technology Co., Ltd., Tianma (Wuhu) Microelectronics Co., Ltd., and Jiangsu Tianhua Automotive Electronics Co., Ltd.[41] - The company invested RMB 13,000 million to establish Wuhu Tianma Automotive Electronics Co., Ltd., which completed its business registration in January 2022[41] - The company invested RMB 5,000 million to establish Tianma Microelectronics Technology Co., Ltd., which completed its registration in May 2022[41] - The company invested RMB 25,000 million to establish Tianma (Wuhu) Microelectronics Co., Ltd., holding a 52.08% stake in the joint venture with a total registered capital of RMB 4,800 million[41] - The company invested RMB 5,500 million to establish Jiangsu Tianhua Automotive Electronics Co., Ltd., holding a 55% stake in the joint venture with a total registered capital of RMB 10,000 million[41] - The top 5 customers accounted for 31.29% of total annual sales, with a combined sales amount of RMB 9,694,918,216.64[42][43] - The top 5 suppliers accounted for 19.50% of total annual procurement, with a combined procurement amount of RMB 4,143,282,539.88[44][45] - The company has established a joint venture with Tongfu Microelectronics to develop advanced packaging technologies, accelerating the commercialization of related products[32] - The company has established several joint ventures and subsidiaries for new display technology projects, including an 8.6th generation new display panel production line[113] - The company established two joint ventures: Xiamen Tianma Optoelectronics Co., Ltd. with registered capital of RMB 1.98 billion and Tianma New Display Technology Research Institute (Xiamen) Co., Ltd. with registered capital of RMB 50 million[178] - The company completed the establishment of a joint venture company to invest in the construction of a new 8.6-generation display panel production line[197] - The company announced the establishment of a joint venture project company to invest in the construction of a new display module production line[197] - The company completed the establishment registration of a joint venture in July 2022[199-056] Market and Industry Trends - Global smartphone display demand in 2022 was 1.37 billion units, a 20.8% year-on-year decline, but is expected to grow to 1.66 billion units by 2028[70] - Global automotive display demand in 2022 was 193 million units, a 2.7% year-on-year increase, projected to reach 247 million units by 2028[70] - Global IT display demand in 2022 was 632 million units, a 15% year-on-year decline, but is expected to grow to 698 million units by 2028[70] - Global smart wearable display demand in 2022 was 259 million units, a 17% year-on-year increase, projected to exceed 400 million units by 2028[71] - The company's "2+1+N" strategy focuses on mobile and automotive displays as core businesses, IT displays as a key growth area, and industrial, niche markets, and non-display businesses as value-added segments[71] - The company aims to maintain its global leadership in automotive displays, targeting growth in new energy vehicles and the Chinese market, while enhancing competitiveness in Mini-LED and OLED products[72] - The display panel industry faces short-term challenges due to macroeconomic conditions, leading to reduced demand and falling product prices[73] - The company is focusing on emerging markets and new application areas to drive growth[73] - The company is enhancing its risk management and business continuity management to respond to external environmental changes[73] - The company is building a talent development system to retain and motivate key technical personnel[74] - The company has mastered advanced technologies including TN/STN, TFT-LCD, AMOLED, and Micro-LED, among others[74] - The company plans to increase investment in R&D for new technologies and products, focusing on AMOLED and Micro-LED[74] - The company is strengthening its intellectual property strategy to mitigate risks and enhance competitiveness[74] Corporate Governance and Investor Relations - The company maintains independence in business, personnel, assets, organization, and finance from its controlling shareholder and actual controller[81] - The company has established a comprehensive and smooth information exchange channel for investor relations management[79] - The company's board of directors has four specialized committees: strategy, audit, nomination and remuneration, and risk management[79] - The company has implemented a hierarchical and classified performance incentive system to motivate employees[80] - The company ensures transparency and accuracy in information disclosure, adhering to relevant laws and regulations[80] - The company's governance structure complies with legal and regulatory requirements, with no significant differences[80] - The total number of shares held by directors, supervisors, and senior management at the end of the period is 38,100 shares[87] - No changes in shareholdings were reported for any of the current directors, supervisors, or senior management during the period[84][86][87] - Dong Hai resigned from his position as director and member of the Strategic Committee on April 12, 2022, and no longer holds any position in the company[87] - Zhu Jun, Wang Susheng, Chen Zetong, and Chen Han left their positions as independent directors on July 7, 2022, due to the expiration of the ninth board term[88] - Zhang Guangjian left his position as chairman of the supervisory board on July 7, 2022, due to the expiration of the ninth supervisory board term[88] - Cao Yuhe resigned from his position as General Counsel on October 24, 2022, and no longer holds any position in the company[88] - Li Peiyin was elected as a director of the 10th Board of Directors on July 8, 2022[89] - Luo Guizhong was elected as a director of the 9th Board of Directors on April 28, 2022[89] - Cheng Wei was elected as a director of the 9th Board of Directors on April 6, 2022[89] - Liang Xinqing was elected as an independent director of the 10th Board of Directors on July 8, 2022[89] - Zhang Hong was elected as an independent director of the 10th Board of Directors on July 8, 2022[89] - Tong Yixing was elected as an independent director of the 10th Board of Directors on July 8, 2022[90] - Wang Mingchuan was elected as the Chairman of the 10th Supervisory Board on July 8, 2022[90] - Zheng Chunyang was appointed as the General Legal Counsel on October 24, 2022[90] - Dong Hai resigned as a director of the 9th Board of Directors on April 28, 2022[90] - Zhu Jun, Wang Susheng, Chen Zetong, Chen Han, and Zhang Guangjian left their positions due to the expiration of the 9th Board of Directors and Supervisory Board terms on July 8, 2022[90] - The company's independent directors include Liang Xinqing, Zhang Jianhua, Zhang Hong, and Tong Yixing, who bring extensive experience in technology, law, and finance[93] - The company's board of supervisors includes Wang Mingchuan, Jiao Yan, Lin Xiaoxia, Liu Wei, and Chen Dan, with diverse backgrounds in finance, law, and risk management[94] - Senior management includes Wang Lei, Wang Bin, Zheng Chunyang, Zhu Yanlin, and Jiang Huawei, with expertise in engineering, finance, legal affairs, and operations[95] - Chi Yunfeng and Chen Bingxia are part of the senior management team, contributing to the company's operations and strategic development[96] - Several executives hold positions in shareholder units, such as China Aviation Technology International Holding Co., Ltd., indicating strong ties with key stakeholders[97] - The total pre-tax remuneration for directors, supervisors, and senior management in 2022 was 19.8064 million yuan[106] - The chairman's pre-tax remuneration was 2.5564 million yuan, and the general manager's was 2.589 million yuan[104] - Independent directors received an allowance of 61,200 yuan each, with the exception of Zhang Jianhua, who received 128,000 yuan[104] - The vice president with the highest pre-tax remuneration was Wang Lei, receiving 2.691 million yuan[104] - The total pre-tax remuneration for the board secretary was 1.2321 million yuan[106] - The pre-tax remuneration for the chief financial officer was 1.8378 million yuan[104] - The pre-tax remuneration for the chief legal officer was 130,000 yuan[104] - The pre-tax remuneration for the employee representative supervisors was 518,900 yuan and 440,500 yuan respectively[104] - The pre-tax remuneration for the departing chief legal officer, Cao Yuhe, was 1.66 million yuan[106] - The company's executive compensation structure includes basic salary, performance salary, special rewards, and tenure incentives[101] - The company held a total of 12 board meetings during the reporting period, with detailed resolutions and announcements published on the official website[108][109] - All directors attended the board meetings, with most participating via teleconference, and no director missed two consecutive meetings[110] - The company's independent directors did not have any instances of failing to attend two consecutive board meetings[111] - The board of directors did not raise any objections to the company's matters during the reporting period[111] - The company adopted all reasonable suggestions proposed by the directors[112] - The Strategic Committee held 4 meetings, approving proposals such as the establishment of subsidiaries and joint ventures for new display panel and module production lines[113] - The Audit Committee held 4 meetings, reviewing the 2021 internal audit summary and 202

Group 1: Financial Performance - The company's Q3 revenue showed a significant increase, with a nearly 30% year-on-year growth in specialized display business, particularly in automotive and industrial displays [2][3] - The automotive LTPS market saw a remarkable sales increase of nearly 120% year-on-year [2][3] Group 2: New Production Line and Technology - The newly constructed 8.6 generation line (TM19) is designed to cater to the fast-changing demands of the small and medium display market, enhancing production efficiency and meeting higher technical requirements [3][4] - TM19 incorporates advanced processes and technologies, offering advantages in precision, efficiency, energy consumption, and environmental impact [3][4] Group 3: Future Business Strategy - The company is focusing on the "2+1+N" strategy, prioritizing mobile displays and automotive displays as core businesses while positioning IT displays for rapid growth [4] - Recent investments include the establishment of a research center for automotive displays and new production lines for various display technologies, aiming to strengthen the company's competitive edge in the display sector [4]

Market Outlook - The sales of 4G products have not met expectations, with China Mobile not adjusting its annual targets for 4G products. There is potential for increased sales in the second half of the year if pricing and infrastructure issues are addressed [2]. - The transition from 3G to 4G is ongoing, and the company does not feel significant pressure from 3G product inventory, as 3G remains mainstream while 4G is in a rapid growth phase [3]. Product Development - FHD product development is slower than HD due to LTPS production line challenges, including technology and yield issues. The cautious approach of manufacturers in selecting suitable models for FHD also contributes to this delay [3]. - The company’s LTPS production line has achieved a high yield rate and is supplying mainstream high-end smartphones, with confidence in meeting project goals [3]. Pricing Trends - A price decline of 15% to 20% is expected for HD and FHD products throughout the year due to increased capacity and improved yields [3]. - The company has prepared strategies to address potential product price reductions [3]. Financial Performance - In Q1 2014, the company reported profitability due to a shift towards consumer products, primarily smartphones, with QHD shipments reaching 16,000 units and a global market share of 14%, ranking third [4]. - The focus for 2014 will be on HD products, with an emphasis on enhancing product value to drive up prices and gross margins, targeting mid-to-high-end smartphones and professional displays [4]. Technology Advancements - The company is advancing in OLED technology, having established a pilot line for AM-OLED in 2010 and recently investing in a new production line with a capacity of 15,000 glass substrates per month, expected to be operational by the end of 2015 [5]. - The company is also exploring the potential of on-cell technology to replace OGS, although market adoption has been slower than anticipated due to low acceptance rates [4]. Capital Expenditure - The capital expenditure for 2014 will focus on upgrading existing equipment to align with product structure adjustments and expand capacity [5].

Group 1: Market Trends and Projections - The Chinese smartphone industry is currently weak, but there is a growing demand for high-resolution screens, with a projected compound annual growth rate (CAGR) of 24.1% for LTPS panel demand area by 2020 [2] - The average screen size of smartphones continues to increase, with mainstream specifications in 2015 concentrated around 5 to 5.5 inches, and FHD becoming the standard for high-end smartphones [6] - The global small to medium-sized display market is expected to grow at a CAGR of 5%, with a demand CAGR of 12% for production capacity [6] Group 2: Company Developments and Strategies - The company has established the first domestic LTPS production line (G5.5) in 2010, which reached design capacity by the end of 2014, covering mainstream domestic and international customers [5] - Two G6 LTPS production lines are being constructed, each with an investment of 12 billion RMB, with a planned capacity of 30,000 sheets of 6th generation LTPS TFT glass substrates per month [5] - The company is focusing on increasing its market share in the professional display sector, which has high entry barriers and customer loyalty [3] Group 3: Product Applications and Innovations - The company's products have been applied in the automotive sector for nearly 20 years, with a stable growth trend in the number of vehicles and screen installation rates [3] - The company’s subsidiary NLT holds over 30% market share in the global mid to high-end medical display market, benefiting from stable demand due to aging populations [4] - The company has developed in-cell technology, which is expected to become a trend in display products, offering advantages such as reduced thickness and lower material costs [6] Group 4: Financial and Operational Insights - The non-public offering price is set at no less than 17.92 RMB per share, based on the average trading price over the previous 20 trading days [7] - The company is considering various incentive plans, including equity incentives, to boost future development [7] - The company plans to upgrade existing a-Si equipment to meet the production needs of professional display screens [4]