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京东方(000725) - 2017 Q4 - 年度财报
2018-04-23 16:00
Financial Performance - In 2017, the company's operating revenue reached ¥93.80 billion, an increase of 36.15% compared to ¥68.90 billion in 2016[15] - The net profit attributable to shareholders was ¥7.57 billion, representing a significant increase of 301.99% from ¥1.88 billion in 2016[15] - The net cash flow from operating activities was ¥26.27 billion, up 160.76% from ¥10.07 billion in the previous year[15] - The basic earnings per share rose to ¥0.217, a 301.85% increase from ¥0.054 in 2016[15] - Total assets at the end of 2017 amounted to ¥256.11 billion, reflecting a growth of 24.85% from ¥205.14 billion at the end of 2016[15] - The net assets attributable to shareholders increased to ¥84.81 billion, a rise of 7.76% from ¥78.70 billion in 2016[15] - The weighted average return on equity was 9.25%, up from 2.40% in the previous year[15] - The net profit after deducting non-recurring gains and losses was ¥6.68 billion, a staggering increase of 53,185.01% from ¥12.53 million in 2016[15] - The company reported no significant discrepancies between the financial indicators disclosed in quarterly and semi-annual reports[19] - Total operating revenue reached ¥93.80 billion, a year-on-year increase of 36.15%[38] - The net profit for 2017 reached 7.568 billion, with a remarkable year-on-year increase of about 301.99%[34] Revenue Breakdown - Display and sensor business contributed ¥82.64 billion, accounting for 88.10% of total revenue, with a growth of 35.01%[38] - Smart system business revenue was ¥18.13 billion, representing 19.33% of total revenue, with a significant increase of 45.04%[38] - Revenue from the health services business was ¥1.02 billion, showing a year-on-year growth of 12.86%[38] - Revenue from other regions in Asia surged by 54.43% to ¥44.26 billion, making up 47.19% of total revenue[38] - Revenue from the Americas grew by 79.30% to ¥3.20 billion, indicating strong market expansion[38] Production and Innovation - The company launched the world's first 6th generation flexible AMOLED production line in Chengdu, achieving product lighting in May 2017 and mass production in October 2017[29] - The company also established the world's first 10.5 generation TFT-LCD production line in Hefei, which was lit and put into production ahead of schedule in December 2017[29] - The Fuzhou 8.5 generation TFT-LCD production line achieved mass production in February 2017, setting a record for the fastest time from construction to production at 15.8 months[29] - The sensor business continued to develop, with strategic partnerships established in areas such as optical sensors and molecular antennas, enhancing technical strength and market promotion[29] - The company is accelerating its transformation into an IoT enterprise, focusing on smart systems and health services as key growth areas[24][25][26] - The company filed 8,678 patent applications in 2017, with over 4,600 patents granted, totaling more than 60,000 usable patents[31] Strategic Initiatives - The company plans to leverage opportunities in the Internet of Things (IoT) and artificial intelligence (AI) sectors, marking 2018 as a pivotal year for its strategic initiatives[74] - The company is focusing on soft and hard integration, application integration, and service transformation to promote business evolution in response to market changes[74] - The company has initiated the "Wooden Sword" strategy in 2018, focusing on a new "1433" overall strategy from 2018 to 2022 to drive innovation and transformation in the DSH business[75] - The company is committed to sustainability, with plans to invest M million in green technologies over the next five years[180] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.50 per 10 shares, based on a total of 34,798,398,763 shares[5] - The company’s cash dividend accounted for 100% of the total profit distribution in 2017[89] - The cash dividend for 2016 was RMB 1,046,578,275.99, representing 55.59% of the net profit attributable to the parent company[87] - The cash dividend for 2015 was RMB 703,061,354.86, which was 42.97% of the net profit attributable to the parent company[87] Environmental Management - The company has established a strict environmental management system to oversee its environmental performance and ensure compliance with national standards[132] - The company has implemented a "4R concept" for raw material usage, focusing on recycling, reducing, renewing, and responsible sourcing[133] - The company’s environmental emissions have consistently met national standards, including the Comprehensive Discharge Standard for Wastewater and Air Pollutants[135] - The company has developed emergency response plans for environmental incidents, covering wastewater, waste gas, and hazardous materials[136] - The company has not reported any significant environmental issues during the reporting period, indicating effective management of its environmental impact[132] Market Position and Future Outlook - The company maintained its position as the world's largest supplier of smartphone LCD displays, tablet displays, and notebook displays, with market shares ranking first globally[34] - The company anticipates strong growth in the display market driven by the increasing demand for large-sized TVs and full-screen mobile phones, with expectations for the semiconductor display demand area to achieve the largest annual growth since 2014[74] - The company is exploring potential mergers and acquisitions to strengthen its market position[117] - Future outlook indicates a commitment to innovation and market expansion strategies[117]
京东方(000725) - 2017 Q4 - 年度业绩预告
2018-01-26 16:00
Financial Performance - The estimated net profit for 2017 is projected to be between 750 million and 780 million CNY, compared to 188.26 million CNY in the same period last year, indicating a significant increase [2]. - Basic earnings per share are expected to be approximately 0.215 to 0.224 CNY per share, up from 0.054 CNY per share in the previous year [2]. Business Strategy - The company has continued to optimize its product structure and expand into new business areas, contributing to a stable overall profitability [4]. - The company has strengthened lean management practices, enhancing the speed of high-value-added product introduction and shipment ratio [4]. Industry Conditions - The semiconductor display industry experienced favorable conditions in 2017, leading to a substantial improvement in the company's operating performance compared to the previous year [4]. Investor Awareness - The specific data regarding the company's 2017 operating performance will be detailed in the annual report, highlighting the importance of investor awareness regarding investment risks [6].
京东方(000725) - 2017 Q3 - 季度财报
2017-10-30 16:00
Financial Performance - Net profit attributable to shareholders rose by 230.68% to CNY 2.17 billion for the reporting period[4] - Operating revenue for the period reached CNY 24.80 billion, reflecting a 27.89% increase year-on-year[4] - Basic earnings per share increased by 226.32% to CNY 0.062[5] - The net cash flow from operating activities increased by 182.39% to CNY 18.49 billion year-to-date[4] - Total revenue for the third quarter reached ¥69.41 billion, a 51% increase compared to ¥45.84 billion in the same period last year[13] - Operating cash flow net amount increased by 182%, reaching ¥18.49 billion, driven by improved profitability[13] - Sales expenses rose by 70% to ¥1.99 billion, in line with the increase in revenue[13] - The company reported a 1026% increase in income tax expenses, amounting to ¥1.35 billion, due to substantial profit growth[13] - The company expects a significant increase in net profit for the year, with no warnings of potential losses[18] Assets and Investments - Total assets increased by 16.49% to CNY 238.96 billion compared to the end of the previous year[4] - Other current assets rose by 164% to ¥15.03 billion, primarily due to an increase in financial products during the reporting period[13] - Long-term equity investments increased by 74% to ¥2.35 billion, reflecting additional investments in joint ventures[13] - The total initial investment cost in securities amounted to CNY 561,423,245, with a year-end book value of CNY 511,196,360, reflecting a loss of CNY 10,173,514 during the reporting period[19] - The fair value change for the investment in Guanjie Technology was CNY 792,019, with a year-end book value of CNY 28,770,053[19] - The investment in Electronic City had an initial cost of CNY 90,160,428, with a year-end book value of CNY 108,407,203, indicating a fair value increase of CNY 61,731,579[19] - The investment in Chongqing Bank showed a year-end book value of CNY 136,127,768, with a fair value change of CNY 16,043,393[19] - The investment in New Century Medical had an initial cost of CNY 142,474,623, with a year-end book value of CNY 162,018,941, reflecting a fair value increase of CNY 19,544,318[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 979,167, including 941,875 A-share shareholders[8] - The largest shareholder, Beijing State-owned Capital Management Center, holds 11.68% of the shares[8] Corporate Actions - The company repurchased a total of 88,692,299 A-shares at a total cost of approximately ¥226.53 million, with a maximum price of ¥2.92 per share[14] - The company has no significant new product launches or mergers and acquisitions reported during this period[6] Legal and Compliance - The company is involved in ongoing litigation with a total claim amount of approximately $41.84 million related to contract disputes[15] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[23] Corporate Governance - The board of directors approved the report submission on October 27, 2017[25] Social Responsibility - The company has not engaged in any poverty alleviation work during the third quarter and has no subsequent plans[24] Research and Communication - The company conducted multiple institutional research and communication activities throughout the reporting period, focusing on performance and strategic layout[21]
京东方(000725) - 2017 Q3 - 季度业绩
2017-10-24 16:00
Financial Performance - Total revenue for the first three quarters of 2017 reached CNY 6,940,836,000, representing a year-on-year increase of 51.41%[4] - Net profit attributable to shareholders was CNY 647,567,000, a significant increase of 4503.45% compared to the same period last year[4] - Basic earnings per share rose to CNY 0.185, up 4525.00% year-on-year[4] - In Q3 2017, total revenue was CNY 2,480,333,000, marking a 27.89% increase from CNY 1,939,360,000 in Q3 2016[5] - The net profit for Q3 2017 was CNY 217,306,000, up 230.68% from CNY 65,714,000 in Q3 2016[6] Profitability and Margins - The company reported a profit margin improvement, with operating profit reaching CNY 810,780,000, compared to a loss of CNY 164,068,000 in the previous year[4] - The company maintained a weighted average return on equity of 7.96%, significantly up from 0.18% in the previous year[4] Assets and Growth - Total assets increased by 16.49% to CNY 23,895,563,000 compared to the beginning of the reporting period[4] Business Strategy - The company continues to execute its DSH business strategy, focusing on new business areas and enhancing core innovation capabilities[7] Earnings Forecast - There were no discrepancies between the reported earnings and the previously disclosed earnings forecast[8]
京东方(000725) - 2017 Q3 - 季度业绩预告
2017-09-26 16:00
Financial Performance - The estimated net profit attributable to shareholders for the first three quarters of 2017 is projected to be between 620 million and 650 million yuan, a significant increase from 140.67 million yuan in the same period last year [2]. - The basic earnings per share for the same period is expected to be approximately 0.177 to 0.186 yuan, compared to 0.004 yuan in the previous year [2]. - For Q3 2017, the estimated net profit is projected to be between 189.739 million and 219.739 million yuan, up from 65.714 million yuan in the same period last year [2]. - The basic earnings per share for Q3 2017 is expected to be around 0.054 to 0.063 yuan, compared to 0.019 yuan in the previous year [2]. Business Strategy and Market Position - The company has been executing its DSH business strategy and rapidly expanding into new business areas since the beginning of 2017 [5]. - The company has maintained a high market share in traditional products while achieving initial results in expanding into new application segments [5]. Profitability and Industry Performance - The overall profitability of the company remains stable at a high level due to improved product yield and quality, as well as a significant increase in the proportion of high-value-added products [5]. - The semiconductor display industry has shown a relatively high level of prosperity compared to the same period last year, contributing to the substantial improvement in operating performance [5]. Future Outlook and Risks - Detailed data regarding the company's Q3 2017 operating performance will be disclosed in the quarterly report [6]. - Investors are advised to pay attention to investment risks as the company continues to enhance its core innovation capabilities [5].
京东方(000725) - 2017 Q2 - 季度财报
2017-08-28 16:00
Financial Performance - The company's operating revenue for the reporting period reached ¥44.61 billion, representing a 68.65% increase compared to ¥26.45 billion in the same period last year[19]. - Net profit attributable to shareholders was ¥4.30 billion, a significant recovery from a loss of ¥516.47 million in the previous year[19]. - The net cash flow from operating activities increased by 289.11%, amounting to ¥10.64 billion compared to ¥2.73 billion in the prior year[19]. - Basic and diluted earnings per share improved to ¥0.123, recovering from a loss of ¥0.015 per share in the same period last year[19]. - Total assets at the end of the reporting period were ¥225.47 billion, up 9.91% from ¥205.14 billion at the end of the previous year[19]. - Operating costs increased to ¥32.24 billion, reflecting a 34.39% rise, primarily in line with the revenue growth[41]. - Research and development expenses rose by 62.99% to ¥3.17 billion, indicating a significant increase in R&D efforts[41]. - The company reported a total of ¥306.37 million in government subsidies recognized in the current period[22]. Market Position and Product Development - The company maintained the global market share leader position in smartphone LCD, tablet, and notebook displays[36]. - The company launched several cutting-edge products, including a 1.5-inch FIC OLED and a 2.1-inch VR display with a pixel density of 2300 PPI, which won the SID "Best In Show" award[36]. - The company successfully completed the first product lighting of the Chengdu 6th generation flexible AMOLED production line and advanced the 10.5 generation TFT-LCD production line in Hefei[30]. - The smart system business unit achieved nearly 7 million units shipped, with significant market share growth in TV and monitor segments[31]. - The company acquired over 50.01% of the French company SES to enhance its smart retail solutions[31]. - The company is actively pursuing market opportunities in the Internet of Things sector to drive innovation and transformation[60]. Investments and Subsidiaries - The company has significant investments in subsidiaries, with total assets of CNY 38.52 billion and net profit of CNY 2.04 billion from Chongqing BOE Optoelectronics Technology Co., Ltd.[59]. - The company established several new subsidiaries, including those focused on health care and smart energy, which are expected to have a positive impact on future operations[59]. - The company reported a total of CNY 561.42 million in securities investments, with a fair value change of CNY 381.89 million[53]. - The company’s investment in subsidiaries related to smart energy is expected to positively influence its overall business performance[59]. Cash Flow and Financial Management - The cash and cash equivalents decreased by ¥6.56 billion, primarily due to increased expenditures on new projects and equipment procurement[41]. - The investment activities cash flow was negative at ¥31.99 billion, reflecting a 153.22% increase due to higher construction and equipment procurement costs[41]. - The company has a total unused credit line of RMB 210 billion from its main banking partners[133]. - The company reported a significant increase in cash outflows for employee payments, totaling 4,183,675,298.00, compared to 3,000,913,336.00, which is an increase of approximately 39%[156]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 1,034,884, including 995,012 A-share shareholders and 39,872 B-share shareholders[108]. - Major shareholders include Beijing State-owned Capital Management Center with 11.56% (4,063,333,333 shares), Chongqing Yuzhi Optoelectronics Industry Investment Co., Ltd. with 8.53% (3,000,000,000 shares), and Hefei Jianxiang Investment Co., Ltd. with 8.13% (2,857,142,857 shares)[108]. - The company reported a profit distribution of CNY -1,054,006,528, indicating a net loss in profit allocation[164]. - The total equity attributable to the parent company at the end of the previous year was CNY 78,350,829,819[166]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[6]. - The company is focused on risk management and aims to create value for shareholders, particularly minority shareholders[61]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment[69]. - The company has not engaged in any major related party transactions during the reporting period, ensuring compliance with regulations[73]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit and has maintained compliance with national and local environmental standards[90]. - The company has not experienced any major environmental issues during the reporting period and has implemented effective pollution control measures[91]. Accounting and Financial Reporting - The financial statements comply with the accounting standards issued by the Ministry of Finance of the People's Republic of China[178]. - The company has not made any changes in accounting policies or corrections from previous periods, maintaining consistency in reporting[162]. - The company recognizes any gains or losses from the disposal of subsidiaries when control is lost, with the remaining equity investments remeasured at fair value on the date control is lost[188].
京东方(000725) - 2017 Q2 - 季度业绩预告
2017-07-13 16:00
Financial Performance - The company expects to achieve a net profit of approximately 420 million to 450 million CNY for the first half of 2017, compared to a loss of 51.65 million CNY in the same period last year [2]. - Basic earnings per share are projected to be around 0.120 to 0.129 CNY per share, a significant improvement from a loss of 0.015 CNY per share in the previous year [2]. Market Position - The company has maintained high market share in key product segments, supported by continuous production line efficiency and quality improvements [4]. - The semiconductor display industry has shown significant improvement compared to the same period last year, contributing to the company's substantial growth in operating performance [4]. Strategic Focus - The company is focusing on the integration of hardware and software, application integration, and service transformation to enhance innovation and management efficiency [4].
京东方(000725) - 2016 Q4 - 年度财报
2017-04-24 16:00
Financial Performance - The company's operating revenue for 2016 was CNY 68.90 billion, representing a 41.69% increase compared to CNY 48.62 billion in 2015[18]. - The net profit attributable to shareholders for 2016 was CNY 1.88 billion, up 15.05% from CNY 1.64 billion in 2015[18]. - The net cash flow from operating activities was CNY 10.07 billion, a decrease of 4.00% from CNY 10.49 billion in 2015[18]. - Total assets at the end of 2016 reached CNY 205.14 billion, reflecting a 34.43% increase from CNY 152.59 billion at the end of 2015[19]. - The net assets attributable to shareholders increased by 1.57% to CNY 78.70 billion from CNY 77.49 billion in 2015[19]. - Basic earnings per share for 2016 were CNY 0.054, a 17.39% increase from CNY 0.046 in 2015[18]. - The weighted average return on equity was 2.40%, up from 2.13% in 2015[18]. - The net profit excluding non-recurring gains and losses dropped significantly by 97.96% to CNY 12.53 million from CNY 613.81 million in 2015[18]. Revenue Growth - The company's total revenue for Q4 2023 reached ¥23,053,753,228, marking a significant increase from ¥12,297,738,830 in Q1 2023, representing an 87.5% growth[23]. - The net profit attributable to shareholders for Q4 2023 was ¥1,741,903,712, a substantial recovery from a loss of ¥624,797,872 in Q2 2023[23]. - The net cash flow from operating activities in Q4 2023 was ¥3,525,138,582, compared to a negative cash flow of ¥33,567,508 in Q2 2023, indicating improved operational efficiency[23]. - The company reported a total of ¥1,870,036,796 in non-recurring gains for 2016, up from ¥1,022,455,655 in 2015, reflecting enhanced financial performance[25]. Business Operations and Expansion - The company has maintained its main business operations without any changes since its listing[16]. - The company is advancing its AMOLED and large-size TFT-LCD production lines, with the Chengdu 6th generation flexible AMOLED line and Fuzhou 8.5 generation TFT-LCD line construction progressing steadily[33]. - The acquisition of Jingdian International in 2016 laid the foundation for the development of the smart vehicle business within the smart systems sector[33]. - The company achieved the highest global market share in smartphone LCD displays and tablet displays, maintaining its leadership position[34]. - The company’s smart systems business shipped nearly 13 million units, with significant market share growth in TV and MNT segments[34]. - The health services sector is expanding with the completion of the architectural design and medical planning for the Hefei BOE Hospital project[33]. Client Relationships and Market Position - The company has established long-term partnerships with major clients such as Samsung and LG, enhancing its competitive position in the semiconductor display field[34]. - Revenue from the Chinese market surged by 74.56% to CNY 36.76 billion, increasing its share of total revenue to 53.35%[43]. - The company’s market share in smartphone LCD displays and tablet displays remained the highest globally, while notebook displays ranked first in Q4 2016[39]. Research and Development - The company applied for 7,570 patents in 2016, with over 3,000 patents granted, and a total of more than 50,000 usable patents by the end of 2016[35]. - Research and development investment reached 4,139,435,892.00 yuan, marking a 24.74% increase from the previous year, while the R&D investment as a percentage of operating revenue decreased to 6.01%[56]. Financial Management and Investments - The company’s total cash and cash equivalents increased significantly by 4,191.10% to 13,172,072,171.00 yuan[58]. - The company’s inventory decreased by 36.11% to 2,530 million pieces, indicating improved inventory management[48]. - The total operating cost for the display device business was 50,827,910,258.00 yuan, which is 89.82% of the total operating cost, reflecting a year-on-year increase of 46.16%[50]. - The company reported a total of 205,428 million in guarantees exceeding 50% of net assets[131]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.30 per 10 shares to all shareholders[4]. - In 2016, the company increased the cash dividend to RMB 0.30 per 10 shares, totaling RMB 1,048,616,247.48, representing 70.22% of the undistributed profits[97]. - The cash dividends for 2016 represented 55.70% of the net profit attributable to the company's ordinary shareholders, which was RMB 1,882,571,674[98]. - The company has a policy to distribute at least 30% of the distributable profits as cash dividends in profitable years, barring special circumstances[96]. Corporate Governance and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period[113]. - The company did not implement any stock incentive plans or employee shareholding plans during the reporting period[115]. - The supervisory board plays a crucial role in ensuring compliance and accountability within the company's operations[200]. Environmental Responsibility - The company has established a strict environmental management system and has not encountered major environmental issues during the reporting period[150]. - The wastewater treatment system ensures that all industrial and domestic wastewater meets national and local standards before discharge[151]. - The company achieved a total environmental protection investment of CNY 420.97 million in the reporting year[154]. Strategic Initiatives - The company is focusing on the integration of life sciences and information technology to enhance human health and longevity, aiming to become a global benchmark in healthcare services[86]. - The company aims to increase its market share in traditional applications such as smartphones and TVs while expanding into new markets like automotive and healthcare[88]. - The company is committed to optimizing its overall solution service capabilities through innovative business models in health parks[90].
京东方(000725) - 2017 Q1 - 季度财报
2017-04-24 16:00
Financial Performance - The company's revenue for Q1 2017 was ¥21,854,974,362, representing a 77.72% increase compared to ¥12,297,738,830 in the same period last year[6] - Net profit attributable to shareholders reached ¥2,413,015,650, a significant increase of 2,127.56% from ¥108,325,454 in the previous year[6] - The net cash flow from operating activities was ¥6,216,049,821, up 124.60% from ¥2,767,654,463 year-on-year[6] - Basic and diluted earnings per share were both ¥0.069, reflecting a 2,200.00% increase from ¥0.003 in the same period last year[6] - Revenue increased by 78% year-on-year, driven by company expansion and rising product prices[15] - Operating costs rose by 35% year-on-year, corresponding to the increase in revenue scale[15] - Sales expenses surged by 122% year-on-year, reflecting the growth in revenue[15] - Net cash inflow from operating activities increased by 125% year-on-year, attributed to improved operating profit[15] Assets and Investments - Total assets at the end of the reporting period were ¥213,743,747,227, a 4.20% increase from ¥205,135,011,042 at the end of the previous year[6] - Net assets attributable to shareholders increased to ¥80,974,386,351, up 2.89% from ¥78,699,988,493 at the end of the previous year[6] - Long-term equity investments increased by 48% year-on-year, due to additional investments in joint ventures[15] - Investment in financial products increased by 73% year-on-year, reflecting a rise in other current assets[15] - The company reported a total investment in securities amounting to CNY 561,423,245, with a total holding of 92,329,173 shares[21] - The company holds a 4.49% stake in New Century Medical, with a book value of CNY 138,538,161[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 1,056,889, including 1,014,828 A-share shareholders[10] - The largest shareholder, Beijing State-owned Capital Management Center, held 11.56% of the shares, totaling 4,063,333,333 shares[10] - As of March 31, 2017, the company repurchased a total of 88,692,299 A-shares and 110,500,528 B-shares[17] - The company has committed to a 36-month lock-up period for shares acquired during a private placement, which began on April 8, 2014[19] Operational Activities - The company reported non-recurring gains of ¥111,573,521 during the reporting period[8] - The company signed a cooperation agreement to invest in the R&D and production of OLED micro-displays[17] - The company plans to invest $50 million in Cnoga for strategic cooperation in developing non-invasive medical devices[16] - The company has conducted multiple institutional research and communication activities throughout January to March 2017[23] Financial Management - The company did not make any adjustments or restatements to previous years' accounting data[6] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - There are no violations regarding external guarantees during the reporting period[24] - The company is currently fulfilling its commitments made during the initial public offering and refinancing[19] - The company has not reported any overdue commitments during the reporting period[19] - The company has not indicated any significant changes in net profit for the first half of 2017 compared to the previous year[20] Cash Flow and Expenditures - The net cash outflow from investing activities increased by 1040% year-on-year, primarily due to higher expenditures on new projects[15] - There were no derivative investments during the reporting period[22]
京东方(000725) - 2016 Q4 - 年度业绩
2017-04-10 16:00
Financial Performance - Total revenue for 2016 reached ¥6,880,830, an increase of 41.51% compared to ¥4,862,373 in the previous year[4] - Operating profit decreased by 53.56% to ¥44,292 from ¥95,370 year-on-year[4] - Net profit attributable to shareholders rose by 10.12% to ¥180,183 from ¥163,627 in the previous year[4] - The company maintained a basic earnings per share of ¥0.051, up 10.87% from ¥0.046[4] - The weighted average return on equity improved to 2.31%, up from 2.13%[4] Assets and Growth - Total assets increased by 34.32% to ¥20,496,570 from ¥15,259,289 at the beginning of the period[4] Market Strategy and Operations - The company accelerated new product launches and improved lean management capabilities in response to market conditions[5] - The increase in total revenue was primarily driven by the ramp-up of new production lines and full utilization of existing lines[5] - The decline in operating profit was attributed to price drops in display products and market fluctuations during the first half of the year[5] - The company is committed to enhancing its innovation capabilities and maintaining technological leadership in the display industry[5]