[Expected Performance for the Current Period](index=1&type=section&id=I.%E3%80%81Expected%20Performance%20for%20the%20Current%20Period) The company anticipates a loss for the first half of 2025, with net profit attributable to shareholders expected to be a loss of RMB 450 million to RMB 490 million, a stark contrast to the RMB 53.39 million profit in the same period last year, and basic earnings per share also shifting from profit to loss 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Year Same Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: RMB 450 million – RMB 490 million | Profit: RMB 53.39 million | | **Net Profit After Non-Recurring Items** | Loss: RMB 350 million – RMB 390 million | Loss: RMB 20.93 million | | **Basic Earnings Per Share** | Loss: RMB 0.0993/share – RMB 0.1082/share | Profit: RMB 0.0118/share | [Communication with Accounting Firms](index=1&type=section&id=II.%E3%80%81Communication%20with%20Accounting%20Firms) This performance forecast represents the preliminary estimates by the company's finance department and has not been pre-audited by a certified public accountant - This performance forecast has not been pre-audited by a certified public accountant[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=III.%E3%80%81Explanation%20of%20Performance%20Changes) The primary reasons for the shift from profit to loss include intensified competition in the global display industry, leading to declining product prices while raw material costs remained stable, thereby squeezing gross margins; increased marketing investments for market expansion and higher costs due to optimizing global channels and capacity layout; and negative impacts from global exchange rate fluctuations - Intensified competition in the global display industry has led to a continuous decline in end-product selling prices, while core raw material costs such as panels remained stable, putting pressure on overall gross margins[5](index=5&type=chunk) - Increased costs and expenses resulted from the company's efforts to intensify market expansion, optimize overseas marketing channels, and adjust global production capacity[5](index=5&type=chunk) - Global exchange rate fluctuations have resulted in a comprehensive loss impact on the company's performance[5](index=5&type=chunk) [Other Relevant Information](index=2&type=section&id=IV.%E3%80%81Other%20Relevant%20Information) The company states that the disclosed performance forecast data are preliminary estimates, with the final accurate financial data subject to the 2025 semi-annual report, and advises investors to be aware of investment risks - The disclosed performance forecast data are preliminary estimates by the finance department, with specific figures subject to the company's 2025 semi-annual report[6](index=6&type=chunk) - The company's designated information disclosure media are China Securities Journal, Securities Times, and Juchao Information Network[6](index=6&type=chunk)

Core Viewpoint - Shaanxi Xianyang is transforming quartz sand into liquid crystal televisions, producing one TV every 8 seconds and exporting to over 30 countries, showcasing a complete industrial chain in the electronic display sector [1][3]. Group 1: Production and Capacity - The newly established G8.5+ substrate glass production line in Xianyang has improved efficiency by over 20%, significantly enhancing the core competitiveness of the facility [3][4]. - The total production capacity of high-generation substrate glass at the Xianyang base will exceed 5.8 million pieces, meeting over 10% of the demand in the Chinese market [3][4]. Group 2: Technological Advancements - The production line utilizes the internationally advanced "overflow pulling method," involving processes such as cutting, grinding, cleaning, and testing to produce high-generation substrate glass [4]. - The company has established a comprehensive intellectual property system covering the entire industrial chain of substrate glass, ensuring self-control over production [4]. Group 3: Industry Ecosystem and Future Plans - Xianyang High-tech Zone has attracted over 40 upstream and downstream enterprises, forming a dual-leader industrial ecosystem of "panel + substrate" [6]. - The "Action Plan for Cultivating a Trillion-Level New Display Industry Innovation Cluster" aims to integrate the new display industry with big data, IoT, and AI, targeting a scale of 100 billion RMB by 2035 [6].

Group 1: EU Regulatory Impact on Chinese Companies - The EU's ESG regulations are creating significant pressure on Chinese companies looking to enter the European market, with 56 A-share companies estimated to be affected by the new CSRD regulations[1] - A-share companies' overseas revenue as a percentage of total revenue increased to 13.10% in 2024, indicating a rising trend in international exposure[1] - Among the 56 companies potentially impacted, 24 are clearly identified as at risk, while a conservative estimate suggests 32 additional companies may also be affected[1] Group 2: ESG Risk Assessment - The overall ESG risk for companies entering Europe is manageable, but those with significant exposure to the EU may face stricter disclosure requirements[1] - Of the 56 companies, all have ESG ratings above CCC, with 3 rated BB and 2 rated B, indicating a generally acceptable risk profile[1] - Specific sectors, such as furniture and electronics, with high export shares to Europe, need to prepare for stricter ESG disclosure requirements[1] Group 3: Market Dynamics and Trade Statistics - In 2024, China's exports to the EU reached 36,724.06 billion yuan, accounting for 14.43% of total exports, while imports from the EU were 19,168.64 billion yuan, making the EU China's second-largest trading partner[1] - The average European revenue share for the 24 clearly identified companies is approximately 35%, which is significantly higher than the conservative estimate of 10% used for companies lacking detailed disclosures[1] - The report highlights that 37 of the 56 companies are included in the CSI 300 index, indicating their prominence in the market[1]

Core Viewpoint - The company is facing significant challenges in Q1 2025, including a decline in global consumer demand, increased trade policy uncertainty, and intensified industry competition, leading to a reported loss. The company is implementing systematic measures to improve operational efficiency and profitability [1][6]. Performance Disclosure Highlights - In Q1 2025, the company reported a substantial decline in performance, primarily due to slow recovery in global consumer demand, increased trade policy uncertainty, and intensified competition, resulting in a loss. The company is focusing on enhancing operational efficiency and profitability through supply chain adjustments and price transmission to mitigate tariff risks [1][6]. R&D Investment Plan - The company plans to invest 1.315 billion yuan in R&D in 2024, focusing on three core areas: new display technologies (40%), AI and intelligent functions (30%), and smart manufacturing upgrades (20%). Additionally, 10% of the investment will be allocated to emerging application scenarios [2][6]. Response to Tariff Impact - In 2024, approximately 20% of the company's revenue will come from North America. To mitigate the impact of tariff policies, the company is dynamically adjusting production between domestic and overseas factories, particularly increasing capacity in Mexico and Thailand based on existing orders and customer demand [3][6]. Policy Benefits - The company's products are benefiting from trade-in and energy-saving subsidy policies, which are stimulating demand for new products, especially in the large-size and high-end segments (high-definition, gaming, OLED, MiniLED). The company is actively seizing market opportunities presented by these policies to convert them into long-term competitive advantages [4][6]. Business Layout - The company aims to solidify its market position in the display business while optimizing the product structure in the television segment. Both business areas will collaborate in technology R&D, market channels, and brand building to promote sustainable development in the display industry, unaffected by short-term revenue fluctuations [5][6].

证券代码：000727 证券简称：冠捷科技 公告编号：2025-023 冠捷电子科技股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决提案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开的情况 1、现场会议时间：2025 年 5 月 23 日下午 2:00 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 23 日（周五）上午 9:15-9:25，9:30-11:30，下午 1:00-3:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 5 月 23 日（周五）上午 9:15 至下午 3:00 期间的任意时间。 2、现场会议召开地点：南京市栖霞区天佑路 77 号冠捷科技一楼会议室 3、会议召集人：冠捷电子科技股份有限公司董事会 通过网络投票的股东共 826 人，代表股份 65,284,192 股，占公司股份总数的 1.4413％。 4、会议投票方式：现场投票与网络投票相结合 5、会议主持人： ...

上海市锦天城（深圳）律师事务所 关于冠捷电子科技股份有限公司 2024 年年度股东大会的 法律意见书 地址：深圳市福田中心区福华三路卓越世纪中心 1 号楼 23 层 电话：0755-82816698 传真：0755-82816898 邮编：518048 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于冠捷电子科技股份有限公司 2024 年年度股东大会的 法律意见书 致：冠捷电子科技股份有限公司 上海市锦天城（深圳）律师事务所（以下简称"本所"）接受冠捷电子科技 股份有限公司（以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以 下简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下 简称"《公司法》"）《上市公司股东会规则》等法律、法规、规章和其他规范 性文件以及《冠捷电子科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所 ...

Summary of the Conference Call for冠捷科技 Company Overview - **Company Name**:冠捷科技 (AOC Technology) - **Industry**: Display Technology and Smart Manufacturing - **Market Position**: Leading global manufacturer of monitors and LCD TVs, with a focus on smart display terminals [2][21][37]. Key Points and Arguments 2024 Performance Highlights - **Revenue**: Achieved revenue of RMB 55.23 billion, a year-on-year increase of over 5% [2][14]. - **Net Profit**: Reported a net profit of RMB 93.51 million [14][40]. - **Market Share**: Maintained over 30% market share in the global monitor market, leading in both sales volume and revenue [2][15][29]. - **Challenges**: Faced pressure on gross margins due to increased competition, fluctuating exchange rates, and rising shipping costs [13][27][40]. Business Segments - **Monitor Business**: Benefited from a recovery in commercial demand and growth in esports, with sales and revenue increasing by over 5% [2][15][29]. - **Television Business**: Revenue from TV products was RMB 18.624 billion, accounting for 33.9% of total revenue, with a gross margin of 11.73% [16][41]. - **Audio-Visual Products**: Generated revenue of RMB 3.81 billion, representing 6.93% of total revenue [42]. Future Outlook for 2025 - **Strategic Focus**: Plans to enhance R&D investment, embrace AI technologies, and optimize supply chain systems [2][6][17]. - **Innovation Goals**: Aims to push for product innovation and upgrade, targeting personalized and diversified customer needs [6][17]. - **Sustainability Commitment**: Committed to reducing greenhouse gas emissions by 90% by 2050 and has been recognized for its ESG efforts [18][33][47]. Technological Advancements - **Smart Manufacturing**: Implemented advanced technologies such as big data, AI, and IoT to enhance production efficiency and flexibility [3][20][34]. - **Digital Transformation**: Focused on building a fully digital factory and optimizing operational processes through new technologies [45][46]. Brand Performance - **AOC Brand**: Maintained the title of China's best-selling monitor brand for 15 consecutive years and led the global esports monitor market for six years [2][9][22]. - **Philips Brand**: Consistently ranked among the top three in China for 12 years, with a strong reputation in the European market [10][22]. Corporate Social Responsibility - **ESG Recognition**: Listed in various ESG indices and committed to sustainable development practices [18][33][47]. - **Community Engagement**: Actively involved in social welfare activities, including environmental protection and education initiatives [18][47]. Additional Important Information - **Global Presence**: Operates 12 manufacturing bases and 8 R&D centers worldwide, employing approximately 20,000 people [21][11]. - **Product Range**: Offers a wide array of products including monitors, TVs, and audio-visual equipment, catering to both consumer and enterprise markets [8][38][39]. This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic direction, and market positioning within the display technology industry.

Financial Performance - The company's net profit significantly decreased in 2024, with a loss reported in Q1 2025 due to slow global consumer demand recovery, increased trade policy uncertainty, and intensified industry competition [2] - In Q1 2025, the company faced a loss attributed to a decline in product prices and gross margin [2] - The company aims to achieve its annual profit target through cost reduction measures and adjustments in supply chain management [2] Research and Development - In 2024, the company invested approximately CNY 1.315 billion in R&D, focusing on three core areas: display technology innovation, AI integration, and smart manufacturing upgrades [2] - 40% of the R&D budget is allocated to new display technologies (OLED, Mini LED, Micro LED, and electronic paper), while 30% is directed towards AI and intelligent function development [2] Market Impact and Strategy - The company reported that approximately 20% of its revenue in 2024 came from North America, where it faces challenges due to increased tariffs [3] - The company is actively adjusting production capabilities in overseas factories (Mexico, Thailand) to mitigate tariff impacts and optimize supply chain efficiency [3] Product Development and Market Trends - The company is focusing on high-end and large-size display products, benefiting from government policies promoting upgrades and energy-saving subsidies [4] - The company has launched various electronic paper products and plans to increase R&D investment in this area to capture market opportunities [5] Competitive Positioning - The company maintains a strong competitive edge through scale efficiency, production capacity, R&D capabilities, brand strength, and distribution networks [10] - The company is committed to sustainable practices, with three of its six domestic manufacturing bases recognized as "green factories" [10] Future Outlook - The company plans to enhance its presence in emerging markets and high-margin sectors, such as commercial and professional display solutions [10] - The company is exploring strategic partnerships and investment opportunities to strengthen its market position while minimizing reliance on acquisitions [10]

随着2024年报的陆续披露，江苏上市公司董事长的薪酬也公之于众。 根据wind公开数据，金融小强统计了2024年度江苏A股公司部分高管职位的年度薪酬，以供大家参考。今天我 们发布的是【2024江苏A股公司董事长薪酬排行榜】。 根据榜单来看，药明康德董事长李革以4180万元的薪酬总额蝉联榜首，泰禾股份田晓宏以1051.93万元的年薪 排名第二，此二人也是江苏唯二薪酬突破1000万元的上市公司掌门人。 榜单中，薪酬超过500万元的董事长共有11位，其中医药生物、硬件设备行业占据半壁江山，显示出高新技术 产业对高端管理人才的强吸引力。 半导体行业亦表现亮眼，赛腾股份、通富微电、卓胜微等企业董事长薪酬集中在300万-600万元区间。其中， 孙丰（赛腾股份）以622.17万元位列半导体行业首位，反映江苏在芯片产业链的持续投入与管理层价值认可。 榜单前100名中，仅1位女性董事长上榜，为莫若理（祥生医疗，292.96万元），排名第39位，突显职场性别差 距仍待弥合。 此外，我们可以看出，高学历与高薪酬呈强相关性。李革（药明康德）、宣建生（冠捷科技）、XIAOLIN ZHANG（迪哲医药-U）等博士背景高管占据薪酬金字塔顶 ...

Group 1: AUO Optronics - In Q1 2025, AUO Optronics reported a consolidated revenue of NT$721.0 billion (approximately RMB 163.96 billion), a 5.0% increase from Q4 2024 and a 21.2% increase year-on-year [2][4] - The net profit attributable to the parent company for Q1 2025 was NT$32.9 billion (approximately RMB 7.43 billion), with a gross margin of 12.2% [2][4] - The revenue growth was driven by inventory replenishment in the supply chain and increased demand for value-added products in Mobility and Vertical Solutions [3][4] Group 2: Lai Bao High-Tech - In 2024, Lai Bao High-Tech achieved a revenue of RMB 58.96 billion, a year-on-year increase of 5.54%, while the net profit attributable to the parent company was RMB 3.74 billion, a slight decrease of 0.43% [5][6] - The growth in revenue was primarily due to increased sales of large-sized capacitive touch screens and automotive cover glass products [7] - In Q1 2025, Lai Bao High-Tech reported a revenue of RMB 14.73 billion, a 0.31% increase year-on-year, but the net profit decreased by 36.10% to RMB 75.02 million [7][8] Group 3: AOC Technology - AOC Technology reported a revenue of RMB 552.30 billion in 2024, a slight increase of 1.16%, but the net profit dropped by 66.31% to RMB 94 million [9][10] - In Q1 2025, the company experienced a revenue decline of 4.24% to RMB 122.62 billion, with a net loss of RMB 1.70 billion [9][10] - The decline in profit was attributed to price competition and adjustments in orders, particularly in the television segment [11] Group 4: Micro導 Nano - In 2024, Micro導 Nano achieved a revenue of RMB 2.70 billion, a significant increase of 60.74%, while the net profit decreased by 16.16% to RMB 227 million [12][13] - The company reported a revenue of RMB 510 million in Q1 2025, a remarkable year-on-year increase of 198.95%, with a net profit of RMB 84 million, reflecting a substantial growth of 2253.57% [14][15] - The growth in revenue was driven by the implementation and acceptance of projects by clients, leading to increased orders [14][15]