Inventory and Assets - The total inventory at the end of the period is approximately ¥636.31 million, a decrease from ¥1,125.90 million at the beginning of the period, reflecting a reduction of about 43.5%[1] - The estimated net realizable value of inventory is regularly assessed, and any excess cost over this value is recognized as an inventory impairment loss[63] - The inventory at the end of the period was valued at CNY 10,896,985,529.56, with a provision for inventory impairment of CNY 469,690,415.65[114] - The total fixed assets at the end of the current period are ¥4,197,657,722.75, down from ¥4,223,888,160.70 at the beginning of the period[158] - The total book value of machinery and equipment at the end of the period was ¥19,746,973.62[132] - The total book value of buildings and improvements was ¥23,071,459.96 at the end of the period[132] - The total book value of molds was ¥3,464,638.58 at the end of the period[132] - The total book value of other assets was ¥11,606,301.25 at the end of the period[132] - The total book value of construction in progress was ¥57,889,373.41, with no impairment provisions recorded[131] Financial Performance - The company's operating revenue for the current period is ¥25,040,017,846.87, a decrease of 20.58% compared to the same period last year[180] - Net profit attributable to shareholders for the current period is ¥44,045,473.58, representing an increase of 271.55% year-on-year[180] - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥151,813,318.02, up 328.00% from the previous year[180] - The net cash flow from operating activities is ¥1,134,919,647.85, a significant recovery from a negative cash flow of ¥374,635,510.97 in the previous year[180] - Basic earnings per share for the current period is ¥0.0097, an increase of 273.08% compared to the same period last year[180] Tax and Compliance - The balance of deductible input tax at the end of the period is ¥854.00 million, down from ¥904.82 million at the beginning, indicating a decrease of approximately 5.6%[2] - The prepaid corporate income tax at the end of the period is ¥44.40 million, a decrease of about 25% from ¥59.12 million at the beginning of the period[2] - The company’s subsidiary, Guangjie Display Technology (Xianyang) Co., Ltd., is subject to a corporate income tax rate of 15% for the year 2023, benefiting from tax incentives for enterprises located in the western region of China[98] - The company is classified under the encouraged industries in the western region, allowing it to benefit from reduced corporate income tax rates until December 31, 2030[98] - The Group's accounting policies regarding tax rates vary by jurisdiction, with corporate income tax rates ranging from 0% to 34% depending on the country[43] Investments and Financial Instruments - The company has recognized cash dividends or profits from long-term equity investments based on initial investment costs, contributing to current period investment income[3] - The company has the power to influence the return amounts of invested units through participation in relevant activities, indicating control over subsidiaries and joint ventures[4] - The company will reduce the book value of long-term equity investments when their recoverable amount is less than their book value, ensuring accurate asset valuation[5] - The fair value of financial assets measured at fair value and recognized in profit or loss increased from CNY 235,636,976.62 at the beginning of the period to CNY 318,651,245.44 at the end of the period, representing a growth of approximately 35.1%[99] - The total long-term equity investment at the end of the period is 20,302,286.46 CNY, reflecting an increase in investment income of 2,406,304.13 CNY[148] Cash and Receivables - The total cash and cash equivalents at the end of the period amounted to ¥3,776,665,363.64, a decrease of approximately 12.6% from ¥4,319,893,395.74 at the beginning of the period[71] - The total accounts receivable at the end of the period was ¥701,961,194.03, up from ¥573,899,195.84, indicating an increase of approximately 22.3%[81] - The provision for bad debts for accounts receivable was ¥9,537,444.59, reflecting an increase from ¥9,245,382.41, which is an increase of about 3.2%[83] - The total amount of other receivables increased to ¥701,961,194.03 from ¥573,899,195.84, showing a growth of approximately 22.3%[81] - The total amount of restricted cash due to pledges and freezes was ¥2,935,791.82, down from ¥3,015,045.98, a decrease of approximately 2.6%[71] Depreciation and Amortization - The company uses the straight-line method for depreciation of fixed assets, with rates varying by asset category, ensuring systematic expense recognition[8] - The accumulated depreciation for machinery and equipment increased by ¥160,491,552.42 during the period, resulting in a total accumulated depreciation of ¥7,143,743,641.02[127] - The accumulated amortization at the end of the period is 1,899,893,433.28 CNY, with an increase of 349,521,781.78 CNY during the current period[137] Other Financial Information - The Group recognizes warranty expenses based on historical costs of repairs and replacements, which may lead to adjustments in profit or loss when actual costs differ from estimates[36] - The Group's deferred tax assets are recognized based on the likelihood of future taxable income, which includes expected income from normal operations and temporary differences[40] - The Group's accounting for defined benefit pension plans involves significant estimates and judgments, impacting the recognized liabilities and expenses[48] - The Group's assessment of credit risk includes a significant increase in risk if payment is overdue by more than 30 days, affecting the expected credit loss calculations[59] - The company has approved budgets for the development of new products and technologies, indicating a focus on innovation and market expansion[116] Compliance and Reporting - The company reported a net profit for the first half of 2023, with no significant impact on total assets, liabilities, or equity due to accounting policy changes[199] - The company has adjusted its financial statements for comparable periods based on new accounting guidelines, specifically regarding unrealized internal transaction profits[199] - The company maintains compliance with both international and Chinese accounting standards, ensuring transparency in financial reporting[200]

Business Focus and Strategy - The company reported a significant shift in its main business focus to smart display terminal manufacturing after acquiring 51% of TPV Technology Limited in December 2020[31]. - The company has not disclosed any specific future plans or commitments, emphasizing the need for investors to recognize associated risks[5]. - The company is actively promoting the transformation to smart factories to enhance production efficiency and product quality[38]. - The company aims to become the world's largest comprehensive supplier and leader in video products, focusing on continuous technological innovation and product quality improvement[129]. - The company plans to optimize its business structure and increase the proportion of high-margin businesses, particularly in the esports display and smart commercial display segments[130]. - The company has established a clear strategic development plan, focusing on market demands, new products, R&D, and organizational structure[130]. - The company aims to actively participate in China's digital city ecosystem, promoting comprehensive digital visualization applications to contribute to high-quality development in the digital economy[135]. Financial Performance - The company's total revenue for 2022 was ¥61.88 billion, a decrease of 12.32% compared to ¥70.57 billion in 2021[45]. - Net profit attributable to shareholders was ¥86.69 million, down 83.71% from ¥532.19 million in 2021[45]. - The basic earnings per share for 2022 was ¥0.0191, reflecting an 83.74% decline from ¥0.1175 in 2021[45]. - Total assets decreased by 14.97% to ¥35.20 billion at the end of 2022, down from ¥41.39 billion in 2021[45]. - The company reported a significant decline in cash flow from operating activities, with a net cash flow of ¥37.34 million, down 73.86% from ¥142.87 million in 2021[45]. - In 2022, the company reported a total non-operating income of 49,349,145.16, a significant decrease of 87.3% compared to 389,323,547.87 in 2021[66]. - The company’s revenue from government subsidies related to normal business operations decreased to 131,369,540.64 in 2022 from 196,953,902.36 in 2021, reflecting a decline of 33.2%[66]. - The company’s long-term equity investment disposal gains were not reported in 2022, contrasting with significant gains of 1,063,988,545.74 in 2020[66]. - The company reported a net profit of approximately 271.39 million CNY from its subsidiary, Ganjie Technology Co., Ltd., which specializes in the R&D, manufacturing, and sales of display products[127]. Market Position and Competition - The company maintained its position as the global leader in display shipments, supported by advanced automation and experienced personnel[38]. - The company has maintained a leading position in the global display market, with a continuous market share of 19 years for monitors and a stable top five position in the television market over the past five years[72]. - The global display industry is experiencing a downturn due to inflation and geopolitical conflicts, with B2C market demand significantly declining in 2022[76]. - The company is intensifying its efforts in developing new regional markets and expanding its global supply chain and market channels to maintain its leading position in the esports monitor market[139]. Research and Development - Research and development expenses for 2022 were ¥1,236,189,452.25, a decrease of 6.09% from ¥1,316,358,314.21 in 2021[59]. - The number of R&D personnel decreased by 7.54% to 2,894 in 2022 from 3,130 in 2021[62]. - The company has invested heavily in R&D, employing approximately 3,000 engineers and holding over a thousand patents, focusing on innovation to improve product offerings[77]. - The company is developing electronic paper signage to replace traditional printed posters, aiming to expand its market share in the electronic paper display market[60]. - The company has launched a high-definition video conferencing kit to enhance communication efficiency in remote work settings[60]. Governance and Management - The company has a complete and independent corporate governance structure, including a shareholder meeting, board of directors, and supervisory board[160]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with regulations and effective governance[153]. - The company has a diverse management team with extensive experience in electronics and technology sectors, including roles in Alcatel and Barco[183]. - The management team includes individuals with significant experience in operations, finance, and product development, enhancing the company's capabilities[184]. - The company emphasizes financial stability and governance, with members like Yao Zhaonian holding qualifications as a senior accountant and CPA[178]. Risk Management - The company has established risk management and internal control mechanisms for its overseas operations to safeguard asset security[103]. - The company emphasizes the importance of risk control in foreign exchange derivative trading, ensuring compliance with legal regulations and internal control mechanisms[122]. - The company is focused on improving its foreign exchange risk management to mitigate the impact of currency fluctuations on its profitability[145]. Shareholder Engagement - The company held 4 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting the rights of minority investors[151]. - The first extraordinary general meeting of 2022 had an investor participation rate of 49.69% and included decisions on purchasing liability insurance for directors and supervisors, changing the accounting firm, and signing a comprehensive financial cooperation agreement with China Electronics Finance Co., Ltd.[162]. Investment and Capital Expenditure - The company completed a significant equity investment of ¥315,555,000 in GVision Technology (Fujian) Co., Ltd., acquiring a 100% stake[108]. - The company is constructing a new A3 comprehensive factory with a total investment of approximately ¥400 million, currently in the design and bidding phase[109]. - The total investment during the reporting period was ¥315,555,000, a decrease of 86.12% compared to ¥2,273,576,491.45 in the same period last year[107].

| 胀冲击，受整体经济走弱影响，已较长时间在底部徘徊。但经济 | | --- | | 有规律、行业有周期，我们看到拐点显现，黎明已来。作为一家 | | 全球领先的显示器及电视生产销售商，我们的产品走入千家万户， | | 连接各行各业，随着数字经济的崛起以及互联网应用的蓬勃发展， | | 作为智能交互的主要入口，多元化显示技术竞相发展，新应用场 | | 景不断扩容，"显示无处不在"的空间正在进一步打开。 | | 2023 年，一季度公司短期经营仍然承压，后续重组遗留问题也亟 | | 待克服解决。冠捷必须要拿出比以往更多的勇气和担当，朝着高 | | 质量、高含金量、高毛利的方向发展，行稳致远！ | | 最后，再次感谢广大投资者朋友们参加本次业绩说明会，公司董 | | 事会和经营团队真诚地希望能通过此次业绩说明会增进广大投资 | | 者对冠捷科技未来发展战略和投资价值的了解。我们对未来发展 | | 前景充满信心，将继续聚焦核心产业，努力用更优秀的业绩来回 | | 馈社会及广大投资者。期盼大家一如既往的支持，谢谢！ | | 三、投资者提出的问题及公司回复情况 | | （一）前期公司已通过邮件等形式向广大投资者公开征集 ...

2023 年第一季度报告 冠捷电子科技股份有限公司 2023 年第一季度报告 冠捷电子科技股份有限公司 重要内容提示： 3.第一季度报告是否经审计 一、主要财务数据 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------------------------------------|-------------------------------|-------------------|---------------------------------------| | 会计政策变更 | □会计差错更正 □同一控制下企业合并 \n本报告期 | □其他原因 \n上年同期 \n调整前 | \n调整后 | 本报告期比上年同期 增减（%） \n调整后 | | 营业收入（元） | 11,974,735,448.53 | 16,384,460,845.12 | 16,383,949,119.37 | -26.91% | | 归属 ...

Financial Performance - The company reported a significant decline in net profit for 2022, with a year-on-year drop attributed to global inflation and supply chain disruptions [25]. - Revenue for 2022 was approximately ¥61.88 billion, a decrease of 12.32% compared to 2021 [52]. - Net profit attributable to shareholders was ¥86.69 million, down 83.71% from the previous year [52]. - The weighted average return on equity decreased to 3.67% in 2022 from 30.13% in 2021, reflecting significant profitability challenges [52]. - The gross profit margin for the year was 10.02%, a slight decline of 0.14% compared to 2021 [61]. - The company reported a net profit of ¥226.61 million for the period, with significant asset impairment losses of ¥580.59 million [115]. - The investment income was ¥115.79 million, contributing 19.85% to the total profit, while fair value changes resulted in a loss of ¥132.19 million [116]. - The company reported a significant increase in revenue, achieving $1.5 billion in Q3 2023, representing a 20% year-over-year growth [200]. - The company reported a gross margin of 45%, which is a 5% improvement compared to the previous quarter [200]. Market Position and Strategy - The company maintained a stable market share in the television sector, ranking among the top five globally over the past five years [19]. - The company ranked 192nd on the Fortune China 500 list and 41st on the 2022 China Digital Economy 100 list, reflecting its strong industry position [18]. - The company has established a global competitive awareness and is leveraging its global industrial and supply chain layout to respond to market changes [23]. - The company maintains the leading position in the global display market with a market share that has remained first for 19 consecutive years [37]. - The company has invested in high-value segments such as commercial displays, esports, and professional displays to strengthen its market position [46]. - The company aims to become the world's largest comprehensive supplier and leader in video products, focusing on technological innovation and product quality to enhance its global market position [159]. - The company is accelerating its global expansion strategy by increasing efforts in new regional markets, enhancing its global supply chain and market channel advantages [164]. Product Development and Innovation - In 2022, the company launched multiple new models of monitors, televisions, and headphones, enhancing product quality and performance [22]. - The display industry is experiencing structural upgrades driven by technological advancements and product innovations, with significant growth potential in smart television markets [17]. - The company is transitioning from traditional manufacturing to intelligent manufacturing, aiming to establish a fully digital factory by 2025 [146]. - The company aims to enhance its core technology competitiveness by focusing on product and technology innovation, particularly in 5G, 8K, cloud computing, big data, and AI [144]. - The company is expanding its smart TV applications, focusing on improving picture and sound quality while integrating artificial intelligence technologies [173]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience and operational efficiency [200]. Operational Efficiency and Cost Management - The company's total operating cost was approximately ¥55.52 billion, a decrease of 12.26% compared to ¥63.27 billion in 2021 [104]. - Operating expenses were reduced by 10% year-over-year, contributing to improved profitability [200]. - The company plans to optimize production processes and implement fully automated production lines to reduce material waste and lower unit production costs, thereby improving profit levels [161]. - The cash flow from operating activities showed a significant improvement, with a net cash inflow of RMB 3.85 billion in Q4 [56]. - The net cash flow from operating activities was ¥4.56 billion in 2022, a significant improvement from a net outflow of ¥4.07 billion in 2021 [129]. Research and Development - The company employs approximately 3,000 R&D engineers across various global research centers, holding over 1,000 patents [40]. - Research and development expenses were ¥1.24 billion in 2022, down 6.09% from ¥1.32 billion in 2021, representing 2.00% of operating revenue [113]. - The number of R&D personnel decreased to 2,894 in 2022, a reduction of 7.54% from 2021 [93]. - The company’s R&D investment capitalized amount was zero, indicating no capitalized R&D expenses during the reporting period [113]. Challenges and Risks - The overall market demand for consumer electronics is expected to remain weak due to geopolitical tensions and high inflation in major economies [143]. - The company acknowledges risks related to raw material price fluctuations and macroeconomic cycles, and is actively monitoring supplier relationships to mitigate these impacts [175]. Future Outlook - The company anticipates a recovery in the domestic market in 2023 due to policy adjustments and upcoming events like the Hangzhou Asian Games [45]. - The company provided guidance for Q4 2023, expecting revenue to be between $1.6 billion and $1.8 billion, reflecting a growth rate of 10% to 20% [200]. - New product launches are anticipated to contribute an additional $200 million in revenue by the end of Q4 2023 [200]. - Market expansion efforts are projected to increase market share by 15% in the next fiscal year [200]. - A new strategic partnership is expected to drive a 30% increase in distribution channels by mid-2024 [200].

2、会议召开方式：本次业绩说明会将采用网络方式举行。 证券代码：000727 证券简称：冠捷科技 公告编号：2023-016 冠捷电子科技股份有限公司 关于召开 2022 年度业绩说明会的公告 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。 重要内容提示： 1、会议召开时间：2023 年 5 月 12 日（星期五）下午 3:00-4:00； 冠捷电子科技股份有限公司（以下简称"公司"）于 2023 年 4 月 29 日在《中国证 券报》、《证券时报》及巨潮资讯网（www.cninfo.com.cn）披露《2022 年年度报告》， 为使投资者更加全面、深入地了解公司情况，加强公司与投资者的沟通互动，公司将于 2023 年 5 月 12 日（星期五）下午 3:00-4:00 通过"中国基金报—机会宝网上路演中心" 举行 2022 年度业绩说明会。 一、说明会类型 本次业绩说明会以网络方式召开，公司将针对 2022 年度的经营情况和财务状况相 关事宜与投资者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的问 题进行回答。 二、说明会召开的时间、地点 1、 ...