Dividend and Financial Reporting - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, with no bonus shares issued[7]. - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[6]. - The report outlines the company's commitment to transparency and accountability in its financial reporting[6]. - The annual report includes a comprehensive analysis of the company's financial performance and key indicators[11]. - The company emphasizes the importance of maintaining sufficient risk awareness regarding forward-looking statements and plans[7]. - The company has disclosed potential risk factors that may adversely affect its future development strategies and operational goals[7]. Financial Performance - The company's operating revenue for 2021 was ¥10,846,559,580.07, representing a 27.49% increase compared to ¥8,507,806,781.17 in 2020[38]. - The net profit attributable to shareholders for 2021 was ¥421,783,006.33, a 9.93% increase from ¥383,695,074.99 in 2020[38]. - The net profit after deducting non-recurring gains and losses decreased by 28.10% to ¥249,440,236.91 from ¥346,902,768.39 in 2020[38]. - The net cash flow from operating activities was ¥189,963,544.91, down 92.23% from ¥2,446,407,146.99 in 2020[38]. - The total assets at the end of 2021 were ¥11,197,233,579.56, a 9.24% increase from ¥10,250,139,368.19 at the end of 2020[38]. - The net assets attributable to shareholders increased by 7.72% to ¥4,526,477,416.13 from ¥4,202,130,475.86 at the end of 2020[38]. - The basic earnings per share for 2021 was ¥0.40, an increase of 8.11% from ¥0.37 in 2020[38]. - The diluted earnings per share for 2021 was ¥0.40, up 11.11% from ¥0.36 in 2020[38]. - The weighted average return on equity for 2021 was 9.68%, slightly up from 9.65% in 2020[38]. Market Expansion and Product Development - The company has established a subsidiary focused on smart automotive technology, enhancing its product offerings in the automotive sector[18]. - The company is actively pursuing market expansion and technological innovation in the smart home and digital broadcasting sectors[18]. - The report highlights the company's strategic focus on high-definition and ultra-high-definition display technologies, including 4K and 8K resolutions[21]. - The company is committed to developing new products and technologies to meet the increasing bandwidth demands of modern digital services[21]. - The company achieved a market share of 32.26% in the smart home gateway procurement project for China Mobile, marking a significant milestone in its market expansion efforts[52]. - The company is positioned as a leader in the digital set-top box industry, with a strong competitive edge and brand reputation in both domestic and international markets[50]. Research and Development - The company has a strong R&D advantage with multiple research institutions and holds the most patents in the domestic digital smart set-top box industry[80]. - The company completed the R&D of the 8K set-top box and has entered the market promotion phase, aiming to standardize 8K set-top box products and lead industry development[111]. - R&D investment amounted to ¥563,298,910.04 in 2021, an increase of 8.93% compared to ¥517,101,353.27 in 2020, with R&D investment accounting for 5.19% of operating revenue[114]. - The number of R&D personnel increased to 1,457 in 2021, representing a growth of 9.71% from 1,328 in 2020, with R&D personnel now making up 19.09% of the total workforce[114]. Challenges and Risks - The company reported a significant decline in cash flow from operations, indicating potential liquidity challenges moving forward[38]. - The company faced a shortage of WiFi chips, impacting the sales of XGPON products, which did not meet planned market scale[76]. - The operating service business reported revenue of 253.72 million, a year-on-year decline of 2.21% due to overseas service revenue drop[77]. Strategic Partnerships and Collaborations - The company has established partnerships with over 10 domestic and joint venture automotive manufacturers for central control displays and digital dashboards[62]. - The company is committed to building a digital ecosystem around "system + terminal + application" in collaboration with telecom operators and content providers[65]. Future Outlook - The company plans to enhance its market share in the domestic broadband and smart home ecosystem, focusing on 10G PON and 5G intelligent networking products[173]. - The company anticipates significant growth in the digital economy, with major telecom operators accelerating the construction of digital information infrastructure and enhancing 5G networks in 2022[194]. - The demand for new generation communication devices, such as 10G PON and WiFi6 routers, is expected to surge starting in 2022, driven by the growth of fixed broadband users in China[191]. - The company aims to leverage its competitive advantages in the domestic and international markets, particularly with its open content ecosystem and comprehensive supply chain capabilities[200].

Financial Performance - Revenue for Q3 2021 reached ¥3,046,875,326.59, an increase of 36.72% compared to the same period last year[4] - Net profit attributable to shareholders was -¥15,267,548.77, a decrease of 114.91% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥30,677,242.27, down 131.18% from the previous year[4] - Operating profit for the period was CNY 248,903,450.92, a decrease of 12.6% from CNY 284,743,468.16 in the previous year[32] - Net profit attributable to the parent company reached CNY 2,474,141,009.65, up from CNY 2,312,588,051.44, representing a growth of 7.0%[28] - The total profit for the current period is 252,459,228.38 CNY, a decrease from 282,128,693.84 CNY in the previous period, reflecting a decline of approximately 10.5%[35] - The net profit attributable to the parent company's shareholders is 268,959,809.43 CNY, down from 281,053,110.73 CNY, indicating a decrease of about 4.3%[35] - The total comprehensive income for the current period is 265,989,023.32 CNY, compared to 287,230,544.93 CNY in the previous period, representing a decline of approximately 7.4%[35] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥10,596,886,474.04, reflecting a 3.38% increase from the end of the previous year[4] - Total assets increased to CNY 10,596,886,474.04 from CNY 10,250,139,368.19, marking a growth of 3.4%[28] - Total liabilities rose to CNY 6,191,400,841.57, compared to CNY 5,942,316,733.80, reflecting an increase of 4.2%[28] - Current liabilities totaled CNY 5,088,794,850.45, up from CNY 4,864,485,482.37, indicating a rise of 4.2%[28] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥164,730,124.59, a decline of 110.93% compared to the same period last year[4] - Cash inflows from operating activities amount to 8,577,602,792.14 CNY, an increase from 8,111,514,073.15 CNY, showing a growth of about 5.7%[40] - Cash outflows from operating activities total 8,742,332,916.73 CNY, up from 6,604,685,034.78 CNY, indicating an increase of approximately 32.3%[40] - The net cash flow from operating activities is -164,730,124.59 CNY, a significant decrease from 1,506,829,038.37 CNY in the previous period[40] - Cash inflows from investment activities are 269,025,124.88 CNY, compared to 22,741,695.21 CNY in the previous period, reflecting a substantial increase[42] - Cash outflows from investment activities total 357,894,496.89 CNY, up from 271,625,740.42 CNY, indicating an increase of approximately 31.8%[42] - Cash inflows from financing activities are 1,586,229,899.93 CNY, down from 2,465,155,430.20 CNY, representing a decrease of about 35.6%[43] - The ending cash and cash equivalents balance is 2,793,830,048.30 CNY, an increase from 2,110,275,802.00 CNY in the previous period[43] Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,303[12] - Shenzhen Skyworth-RGB Electronics Co., Ltd. holds 54.98% of shares, totaling 584,548,508 shares[12] - The top ten shareholders include both domestic and foreign entities, with significant stakes held by Shenzhen Skyworth-RGB Electronics Co., Ltd. and Suining Xingye Investment Group Co., Ltd.[12] Investments and Subsidiaries - The company plans to participate in bidding for additional industrial land use rights in Huizhou, with uncertain outcomes[17] - A new wholly-owned subsidiary, Huizhou Skyworth Digital Technology Co., Ltd., was established to acquire land use rights[17] - The company has invested RMB 20 million to establish Huizhou Skyworth Construction Development Co., Ltd. in partnership with an affiliate[18] Inventory and Receivables - Inventory increased by 55.18% to ¥1,921,233,019.98, primarily due to rising raw material prices and stockpiling by customers[8] - Accounts receivable as of September 30, 2021, stand at RMB 3,470,694,167.00, compared to RMB 3,163,673,856.59 at the end of 2020[22] - The company has recognized a bad debt provision of RMB 25,814.71 million for accounts receivable related to Beijing Guoan Guangshi Network Co., Ltd.[21] - The company will continue to monitor and take measures to recover accounts receivable and protect its interests[21] Research and Development - Research and development expenses were CNY 395,777,305.13, compared to CNY 369,188,418.33, indicating a year-over-year increase of 7.2%[32] Taxation - The company recorded a 136.53% increase in taxes payable, amounting to ¥49,691,366.08, due to increased profits from subsidiaries[8] Future Outlook - The company plans to continue expanding its market presence and invest in new product development to drive future growth[30]

Financial Performance - The company reported a revenue of 5.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[20]. - The company achieved operating revenue of RMB 4.575 billion in the first half of 2021, representing a 23.37% increase compared to the same period last year[34]. - The net profit attributable to shareholders reached RMB 284 million, marking a 59.09% increase year-on-year[34]. - The net profit excluding non-recurring gains and losses was RMB 151 million, up 17.88% from the previous year[34]. - The company's total revenue increased by 23.37% year-on-year, amounting to 8.67 billion CNY[96]. - The company reported a total revenue of 6,515 million CNY, with a profit of 2,907.49 million CNY for the reporting period[162]. Profitability Metrics - The gross profit margin improved to 28%, up from 25% in the same period last year[20]. - The company's gross margin for the first half of 2021 was 16.45%[45]. - The gross profit margin for the computer and communication sector was 16.17%, down 2.38% from the previous year[59]. - The basic earnings per share increased to RMB 0.1733, a rise of 56.68% year-on-year[34]. - The diluted earnings per share rose to RMB 0.1699, reflecting a 59.87% increase compared to the same period last year[34]. User and Market Growth - User data showed an increase in active users to 30 million, a growth of 20% compared to the previous year[20]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2023[20]. - The company maintained a strong market position in the domestic telecom operator market, with significant bidding success for next-generation smart gateway products[50]. - The company secured new contracts in the Indian market to expand its market share despite pandemic challenges[51]. - The company achieved significant breakthroughs in the European mainstream operator market with mass production and order fulfillment[50]. Research and Development - The company plans to invest 500 million RMB in R&D for new product development and technology innovation in the next year[20]. - Research and development investment increased by 11.11% to approximately 263 million yuan, driven by new business and product development[54]. - The company is focusing on the development of 5G-enabled products, with an expected launch in Q4 2021[20]. Risk Management - The company has identified potential risks including supply chain disruptions and increased competition in the smart electronics market[20]. - The company is actively expanding its supply chain to mitigate risks related to global material shortages[96]. - The company has established a foreign exchange risk management system to mitigate the impact of currency fluctuations[100]. - The company has implemented measures to address potential risks from the COVID-19 pandemic, ensuring employee safety and operational continuity[96]. Investment and Acquisitions - A strategic acquisition of a technology firm was completed, enhancing the company's capabilities in smart home solutions[20]. - The acquisition of 80% equity in Strong Group resulted in goodwill of 78.18 million CNY, reflecting ongoing business development[101]. - The company reported a 58,554.19% increase in investment income, primarily from the disposal of subsidiary equity[54]. - The company sold a 55% stake in Shenzhen Yaxinwan Technology Co., Ltd. for ¥165.58 million, contributing a net profit of ¥91.91 million, which accounts for 32.10% of the company's total net profit[89]. Shareholder Returns and Equity - No cash dividends will be distributed to shareholders for this fiscal year, as the company aims to reinvest profits into growth initiatives[20]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[107]. - The company completed the registration of 36.373 million shares under the 2017 restricted stock incentive plan, increasing total shares from 1,034,558,280 to 1,070,931,280[112]. - A total of 570 individuals were granted shares under the 2017 incentive plan, with 4.763 million shares reserved for future grants[112]. Related Party Transactions - The company engaged in related party transactions, with a total amount of RMB 1,488,000 for purchasing materials from Shenzhen Skyworth-RGB Electronic Co., Ltd., accounting for 0.38% of similar transactions[145]. - The company reported a total of 15,607.81 million CNY in related party transactions during the reporting period, with a significant portion attributed to services provided by Shenzhen Fengmang Information Technology Co., Ltd. amounting to 333.89 million CNY, representing 2.81% of the total[154]. Corporate Social Responsibility - The company donated a total of 200,000 yuan to educational foundations in Sichuan and Jiangxi provinces as part of its corporate social responsibility initiatives[134].

Financial Performance - The company's operating revenue for Q1 2021 was ¥2,219,713,806.49, representing a 29.76% increase compared to ¥1,709,529,147.46 in the same period last year[10]. - Net profit attributable to shareholders was ¥155,628,930.67, a significant increase of 104.53% from ¥78,286,291.64 year-on-year[10]. - Basic earnings per share rose to ¥0.1464, up 101.38% from ¥0.0748 in the previous year[10]. - The weighted average return on equity increased to 3.64%, compared to 2.04% in the same period last year[10]. - The company reported a significant increase in investment income, rising by 17,033.17% to CNY 95,447,441.81 from CNY 557,091.56, mainly due to increased gains from the disposal of shares in Qunxin Company[26]. - The total operating revenue for the first quarter reached ¥2,219,713,806.49, an increase of approximately 29.6% compared to ¥1,710,574,334.62 in the same period last year[89]. - The net profit for the current period is 156,334,289.15, up from 66,308,307.47 in the previous period, indicating a growth of about 136.1%[94]. - The total profit for the current period is 155,565,950.81, compared to 70,905,131.98 in the previous period, indicating an increase of about 119.9%[94]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,202,534,027.61, a slight decrease of 0.46% from the previous year[10]. - The total liabilities decreased to ¥5,807,845,037.17 from ¥5,942,316,733.80, reflecting a reduction of about 2.3%[81]. - The total current liabilities increased to ¥7,253,965.31 from ¥5,809,441.21, indicating a rise of approximately 24.8%[88]. - The company's cash and cash equivalents were CNY 3.10 billion, down from CNY 3.33 billion at the end of 2020, reflecting a decrease of about 7.2%[72]. - The company's inventory increased to CNY 1.49 billion, up from CNY 1.24 billion, representing a growth of about 20.5%[72]. Cash Flow - The company reported a net cash flow from operating activities of ¥59,556,731.06, which is a 50.69% increase from ¥39,521,732.81 in the previous year[10]. - The net cash flow from operating activities decreased by 96.85% to CNY 23,027,205.11 from CNY 732,004,518.88, primarily due to increased payments for raw material purchases[26]. - Cash inflow from operating activities totaled 2,686,290,292.65, down from 2,759,635,686.10 in the previous period, representing a decrease of approximately 2.65%[105]. - Cash outflow from operating activities was 2,663,263,087.54, an increase from 2,027,631,167.22, indicating a rise of about 31.4%[108]. - The ending balance of cash and cash equivalents was 2,827,390,051.87, compared to 1,758,288,854.30 in the previous period, reflecting an increase of approximately 60.7%[111]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,426[14]. - The largest shareholder, Shenzhen Skyworth-RGB Electronic Co., Ltd., held 54.97% of the shares, amounting to 584,548,508 shares[14]. Investments and Financial Activities - The company completed the disposal of 55% of its shares in Shenzhen Qunxin Security Technology Co., Ltd. for CNY 16,558.16 million, with the first payment of CNY 10 million received[29]. - The company raised a total of RMB 104,000 million from the issuance of 10.4 million convertible bonds, with a net amount of RMB 103,128.64 million after deducting fees[54]. - The company has engaged in derivative investments with Standard Chartered Bank, with initial investment amounts of 1,298.28 thousand yuan and 909.82 thousand yuan, among others, showing a net gain of 58.72 thousand yuan and 50.87 thousand yuan respectively[38]. - The company has established a monitoring mechanism for its derivative investments, ensuring compliance with relevant laws and regulations[53]. Operational Highlights - The company is in discussions with Yaxinwan Company regarding the delayed payment of CNY 7,445 million for the share transfer, with a request for an extension until May 31, 2021[29]. - The company entered into a trademark transfer agreement with Kaiwo New Energy, transferring ownership of certain trademarks related to automotive products[29]. - The company has maintained its brand presence by continuing to use the "Skyworth" trademark on products such as detectors and rearview mirrors[34]. Future Outlook and Guidance - The company has not provided specific future guidance or performance outlook in the current report[34]. - The company has not indicated any significant changes in expected cumulative net profit for the first half of 2021 compared to the previous year[60].

Financial Performance - The company's operating revenue for 2020 was ¥8,507,806,781.17, a decrease of 4.43% compared to the previous year[29]. - The net profit attributable to shareholders for 2020 was ¥383,695,074.99, down 38.73% from the previous year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥346,902,768.39, a decrease of 40.97% year-on-year[29]. - The basic earnings per share for 2020 was ¥0.37, down 38.33% from the previous year[29]. - The diluted earnings per share for 2020 was ¥0.36, a decrease of 38.98% year-on-year[29]. - The total assets at the end of 2020 were ¥10,250,139,368.19, a decrease of 2.82% from the previous year[29]. - The net assets attributable to shareholders at the end of 2020 were ¥4,202,130,475.86, an increase of 11.64% compared to the previous year[29]. - The company achieved total revenue of 8.508 billion yuan in 2020, a decrease of 4.43% year-on-year[64]. - The net profit attributable to shareholders was 383.70 million yuan, down 38.73% compared to the previous year, with a gross margin of 18.19%[64]. - The smart terminal and broadband connection business accounted for 66.11% of total revenue, generating 5.624 billion yuan, a decline of 14.53% year-on-year[67]. - The professional display business saw revenue growth of 25.40%, reaching 2.557 billion yuan[69]. - The user operation service business grew steadily, achieving revenue of 259.45 million yuan, an increase of 20.27% year-on-year[71]. Cash Flow and Investments - The net cash flow from operating activities for 2020 was ¥2,446,407,146.99, an increase of 4,048.45% compared to the previous year[29]. - Operating cash inflow totaled ¥11,472,920,360.08, an increase of 13.44% compared to ¥10,113,235,944.79 in 2019[99]. - Cash and cash equivalents increased by ¥1,427,381,523.45, representing a growth of 71.66% from ¥831,501,891.28 in 2019[99]. - Total investment during the reporting period was ¥22,994,524.57, a decrease of 91.08% from ¥257,805,120.00 in the previous year[109]. - The company reported a significant increase in financial expenses by 223.38% to ¥26,030,986.70 due to increased exchange losses[93]. - The company has reported a total of RMB 5.60 million in net interest income from the raised funds account as of December 31, 2020[128]. Dividends and Shareholder Returns - The company plans to distribute cash dividends of 1.00 CNY per 10 shares to all shareholders, based on the total share capital as of the dividend record date[5]. - The company distributed cash dividends of ¥106,336,395.20 in 2020, representing 27.71% of the net profit attributable to ordinary shareholders[194]. - In 2019, the cash dividends amounted to ¥191,081,879.94, accounting for 30.51% of the net profit attributable to ordinary shareholders[194]. - The cash dividend represents 100% of the total distributable profit of 2,312,588,051.44 yuan[200]. Business Strategy and Market Position - The company is focused on expanding its market presence and enhancing its product offerings in the smart home and digital media sectors[12]. - The company aims to leverage 5G technology to enhance its product capabilities and improve user experience[15]. - The company is exploring strategic acquisitions to strengthen its position in the global market, particularly in North America and Europe[12]. - The company is actively involved in the development of new technologies, including smart gateways and advanced display systems for automotive applications[12]. - The company is focusing on professional display hardware and application solutions, targeting niche markets and industry clients[156]. - The company aims to increase its market share in the automotive display system sector by targeting top automotive manufacturers[156]. - The company is enhancing material quality control and localizing supply chains to mitigate risks associated with global supply shortages[157]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, highlighting potential adverse factors that may impact future performance[5]. - The company has disclosed various risk factors that could negatively affect its future development strategies and operational goals[5]. - The company is addressing market risks, including competition and external uncertainties, which may impact future business development[176]. - The ongoing COVID-19 pandemic has affected the company's supply chain and market operations, creating uncertainties for achieving annual business goals[176]. - The company has established credit risk management policies to control exposure from customer credit and ensure overall credit risk remains manageable[180]. - The company is implementing foreign exchange risk management strategies to mitigate the impact of currency fluctuations on its financial performance[180]. Research and Development - The company has established five major R&D institutions in Shenzhen, Beijing, Vienna, London, and Wuhan, focusing on continuous investment in new technologies, applications, products, and markets[55]. - The company has been recognized as a "National Intellectual Property Advantage Enterprise" and has accumulated the most patents in the domestic digital smart set-top box industry, showcasing its innovation capabilities[55]. - The company is increasing R&D investment in products such as 10G optical fiber smart gateways, WiFi 6 MESH routers, and 5G CPE, while also focusing on smart city solutions[157]. - Research and development expenses rose to ¥509,138,959.06, an increase of 4.24% from the previous year[72]. Corporate Governance - The company’s financial report has been confirmed as true, accurate, and complete by the board of directors and senior management[4]. - The company has established a comprehensive information disclosure system, utilizing platforms like China Securities Journal and Securities Times[23]. - The company is committed to continuous supervision and has appointed CITIC Securities as its sponsor for ongoing guidance[27]. - The company has not reported any issues or changes regarding the use and disclosure of raised funds during the reporting period[137].

Financial Performance - Operating revenue for the third quarter was CNY 2,228,579,597, representing a decline of 6.77% year-over-year[10]. - Net profit attributable to shareholders was CNY 102,397,212.29, down 57.23% from the same period last year[10]. - Basic earnings per share decreased by 57.75% to CNY 0.0976[10]. - The company reported a weighted average return on equity of 2.59%, down from 6.79% in the previous year[10]. - The total operating revenue for the current period is ¥2,228,579,597.25, a decrease of approximately 6.8% compared to ¥2,390,410,648.97 in the previous period[82]. - The total operating profit decreased to ¥110,075,287.50 from ¥266,995,707.63, representing a decline of approximately 58.8% year-over-year[88]. - Net profit for the period was ¥104,694,118.64, down from ¥232,336,395.74, indicating a decrease of about 55.0% year-over-year[88]. - The total comprehensive income for the period was ¥121,338,094.17, compared to ¥212,149,060.93 in the previous year, a decrease of approximately 42.7%[92]. - The company reported a decrease in other comprehensive income to -¥31,650,784.32 from -¥44,214,715.40, showing an improvement in this area[73]. - The total comprehensive income for the current period is ¥287,230,544.93, down from ¥457,166,572.25 in the previous period[107]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 9,564,007,464.67, reflecting a decrease of 9.32% compared to the previous year[10]. - As of September 30, 2020, the company's total assets amounted to ¥9,564,007,464.67, a decrease from ¥10,547,268,510.27 at the end of 2019[64]. - The company's total liabilities decreased to ¥4,905,959,211.85 from ¥5,953,268,040.00, reflecting a decrease of approximately 17.6%[67]. - The total liabilities amount to ¥5,423,815,736.15, down from ¥6,638,344,469.60, indicating a reduction of about 18.3%[73]. - The total current liabilities decreased to ¥4,330,425,665.05 from ¥5,526,835,094.88, a reduction of approximately 21.6%[73]. - Short-term borrowings decreased significantly to ¥1,083,912,296.90 from ¥1,579,728,055.07, a reduction of about 31.4%[67]. Cash Flow - The net cash flow from operating activities was CNY 163,765,178.24, a decrease of 8.96% compared to the previous year[10]. - The net cash flow from operating activities increased significantly by 1584.07% to RMB 1,506,829,038.37, driven by increased sales collections[30]. - The cash inflow from investment activities totaled ¥22,741,695.21, compared to ¥18,210,892.21 in the previous period, showing an increase of about 24.0%[121]. - The net cash flow from financing activities was -¥913,843,517.43, a decrease from ¥1,185,518,785.58 in the prior period, indicating a shift in financing strategy[121]. - The net cash flow increase for the period was ¥341,883,819.65, a significant drop from ¥1,090,676,479.59 in the previous period, indicating tighter cash management[121]. Shareholder Information - The total number of shareholders at the end of the reporting period was 51,487[15]. - The largest shareholder, Shenzhen Skyworth-RGB Electronic Co., Ltd., held 54.97% of the shares[15]. Investments and Acquisitions - The company completed the acquisition of 99% equity in Shenzhen Skyworth New World Technology Co., Ltd. for RMB 4.76 million, integrating it into the consolidated financial statements[31]. - The company also acquired 15% minority equity in Beijing Skyworth Haitong Digital Technology Co., Ltd. for RMB 3.97 million, resulting in 100% ownership[32]. Financial Expenses and Income - The company reported a 452.40% increase in financial expenses, totaling RMB 44,830,496.52, primarily due to exchange losses from currency fluctuations[27]. - The company's financial expenses decreased to ¥4,888,510.27 from ¥7,398,799.62, a reduction of about 34.0% year-over-year[88]. - The company received tax refunds totaling ¥315,435,028.21, an increase from ¥222,483,077.24 in the previous period, enhancing cash flow from operations[117]. Research and Development - Research and development expenses increased to ¥135,942,084.94 from ¥126,980,945.85, reflecting a growth of about 7.7% year-over-year[88]. - Research and development expenses increased to ¥369,188,418.33, up from ¥350,383,861.18, indicating a focus on innovation[100]. Derivative Investments - The total amount of derivative investments reached 36,219.62 million, with a net profit of 1,587.4 million during the reporting period[42]. - The company reported a loss of 72.61 million from a derivative investment of 2,547.66 million during the reporting period[41]. - The company has no litigation issues related to derivative investments[42]. Compliance and Governance - The company has established internal control systems for foreign exchange forward transactions to mitigate risks associated with currency fluctuations[48]. - The company has a monitoring mechanism in place for its foreign exchange forward trading activities, ensuring compliance with relevant laws and regulations[48]. - The third quarter report was not audited, which may affect the reliability of the financial data presented[129].

Financial Performance - The company reported a revenue of 5.2 billion CNY for the first half of 2020, representing a year-on-year increase of 12%[2] - The company's operating revenue for the reporting period was CNY 3,705,052,508.70, a decrease of 4.86% compared to the same period last year[28] - The net profit attributable to shareholders was CNY 181,555,795.81, down 29.52% year-on-year[28] - The net profit after deducting non-recurring gains and losses was CNY 128,249,585.67, a decline of 42.23% compared to the previous year[28] - The basic earnings per share decreased to CNY 0.1733, down 29.70% from the previous year[28] - The company achieved a revenue of 3,705.05 million yuan in the first half of 2020, representing a year-on-year decline of 4.86%[56] - The gross profit margin for the first half of 2020 was 18.68%, with a net profit attributable to shareholders of 181.56 million yuan, down 29.52% year-on-year[56] - The total revenue for the reporting period was CNY 3,705,052,508.70, down 4.86% from CNY 3,894,231,853.12 in the previous year[65] - The smart terminal and broadband connection business generated revenue of CNY 250,063.40 million, a year-on-year decline of 17.65%[60] - Revenue from smart terminals dropped by 20.59% to CNY 2,078,690,745.95, accounting for 56.11% of total operating revenue[68] - Revenue from professional displays increased by 43.38% to CNY 1,057,129,072.76, representing 28.53% of total operating revenue[68] - Domestic revenue fell by 19.45% to CNY 2,273,214,278.31, while overseas revenue rose by 33.57% to CNY 1,431,838,230.39[68] Investment and R&D - The company plans to invest 1 billion CNY in R&D for new product development and technology innovation in the next fiscal year[2] - Research and development investment rose to CNY 231,607,328.46, an increase of 4.18% from CNY 222,324,395.54 in the previous year[65] - The company focuses on smart terminal and software system platform development, including 4K smart boxes and VR terminals[36] - The company is actively exploring industry integration applications in areas such as smart homes, smart cities, and artificial intelligence, driven by the demand for broadband network communication[38] - The company is focusing on the development of 5G-related products, including smart terminals and VR devices, to capitalize on market opportunities[95] - The company plans to continue its research and development efforts in new products and technologies to drive future growth and market expansion[133] Market Expansion and Strategy - The company has set a revenue target of 12 billion CNY for the full year 2020, indicating a growth forecast of 10%[2] - The company is expanding its market presence in Southeast Asia, aiming to increase market share by 20% in the region[2] - The company has a strong international presence, serving global telecom and integrated operators across Europe, Africa, the Middle East, India, Southeast Asia, and Latin America[55] - The company is positioned as a provider of smart devices and systems, with a focus on ultra-high-definition industry applications and broadband communication as a foundational infrastructure[38] - The company indicated a future outlook focused on expanding its product offerings and enhancing market presence through strategic partnerships and technological advancements[133] Financial Management and Risks - The company identified potential risks including supply chain disruptions and market competition that could impact future performance[2] - The company has implemented strict internal control systems and decision-making processes to manage its subsidiaries effectively[42] - The company is actively monitoring customer credit risks and has established a committee to manage accounts receivable effectively[98] - The company is exposed to foreign exchange risks due to its international operations, particularly with currencies like USD and EUR[99] - The company plans to utilize foreign exchange hedging strategies to mitigate potential adverse effects from currency fluctuations[101] - The company has implemented a risk management framework to address market, liquidity, credit, and operational risks associated with derivative investments[85] Asset Management - The total assets at the end of the reporting period were CNY 9,511,116,650.42, a decrease of 9.77% from the end of the previous year[28] - The net assets attributable to shareholders increased by 3.46% to CNY 3,893,244,974.08 compared to the end of the previous year[28] - The company has not experienced significant changes in major assets, maintaining stability in equity, fixed, and intangible assets during the reporting period[41] - The company has not sold any major assets or equity during the reporting period, indicating stability in its asset management strategy[87] Shareholder and Equity Information - The company has a total of 37,010,362 restricted stock units, with 22,083,862 units held by Skyworth Liquid Crystal Technology Co., Ltd.[190] - The company plans to unlock 30% of the restricted stock after 12 months from the grant date, with subsequent unlocks of 30% and 40% over the next 36 months[190] - The total number of ordinary shareholders at the end of the reporting period was 53,632, with 10 shareholders holding more than 5% of the shares[190] - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[197] Legal and Compliance - As of June 30, 2020, the company had 12 pending lawsuits as the plaintiff, involving approximately ¥26,960,300, and 3 pending lawsuits as the defendant, involving approximately ¥70,440,700[111] - The company has not experienced any major litigation or arbitration matters during the reporting period[111] - The company has fulfilled its commitments related to share transfer restrictions as part of its asset restructuring[108] Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units as published by the environmental protection department[169] - The company has implemented comprehensive emergency plans and conducted environmental impact assessments for construction projects[169] - The company has monitored emissions and confirmed that results meet national and local standards[169] - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[170]

创维数字股份有限公司 2020 年第一季度报告全文 创维数字股份有限公司 2020 年第一季度报告 2020 年 04 月 1 创维数字股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赖伟德、主管会计工作负责人王茵及会计机构负责人(会计主管 人员)云春雨声明：保证季度报告中财务报表的真实、准确、完整。 2 创维数字股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|----------------------------------|-----------------------------------|---------------------- ...

Dividend and Financial Reporting - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares to all shareholders, based on the total share capital as of the dividend record date[4]. - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no false statements or omissions[4]. - The company is committed to improving its financial reporting and governance practices to ensure transparency and accountability[4]. - The company’s annual report is disclosed through designated media such as China Securities Journal and Securities Times[23]. - The company’s accounting firm is Dahua Certified Public Accountants[26]. - The company achieved a total revenue of 889,562.41 million yuan, representing a year-on-year growth of 9.17%[66]. - The company's operating revenue for the year reached ¥8,895,624,062.35, an increase of 9.17% compared to the previous year[29]. - Net profit attributable to shareholders was ¥632,002,094.35, representing a significant increase of 90.56% year-on-year[29]. - The net profit excluding non-recurring gains and losses was ¥587,650,710.95, up 103.91% from the previous year[29]. - Basic earnings per share rose to ¥0.61, reflecting a growth of 90.63% year-on-year[29]. - Total assets at the end of the year amounted to ¥10,541,262,868.03, an increase of 21.85% from the previous year[29]. - The company's net assets attributable to shareholders reached ¥3,763,156,124.26, marking an 18.51% increase year-on-year[29]. Business Strategy and Market Focus - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[4]. - The company has outlined its strategic vision for growth, emphasizing innovation and market expansion as key priorities[12]. - The company is focused on expanding its market presence and enhancing its product offerings in the smart home and digital broadcasting sectors[12]. - The company is actively involved in the development of new technologies, including smart gateways and advanced video broadcasting systems[12]. - The company is focusing on new infrastructure construction, emphasizing 5G, artificial intelligence, and the Internet of Things[21]. - The company aims to enhance network quality through smart networking products, including ONU+Wi-Fi integrated routers and Wi-Fi Mesh networks[21]. - The company is focusing on expanding its product offerings in the domestic telecommunications operator market, including 4K/8K ultra-high-definition set-top boxes and smart gateways[163]. - The company is targeting the retail 2C market by expanding its security and imaging product lines, including network cameras and smart projectors[164]. - The company plans to enhance its presence in overseas markets, particularly in Africa, India, Southeast Asia, the Middle East, and Latin America, with a focus on broadband communication access devices[168]. - The company is developing ultra-high-definition display systems for automotive applications, targeting top 20 automotive manufacturers[170]. - The company is collaborating with major content providers to enhance its OTT user value-added services and maintain stable growth in new users[171]. Research and Development - The company has a robust R&D framework with six major R&D institutions located in Shenzhen, Beijing, Vienna, London, Wuhan, and Seoul, emphasizing continuous innovation in new products and technologies[56]. - The company is recognized as a "National High-tech Enterprise" and has accumulated the most patents in the domestic digital smart box industry, including numerous awards for innovation and design[56]. - The company’s R&D investment amounted to ¥489,396,714.08, representing 5.50% of operating revenue, an increase from 4.90% in the previous year[105]. - The number of R&D personnel increased by 16.96% to 1,476, representing 20.97% of the total workforce[105]. - The company is investing in building a localized R&D and manufacturing base in India to improve service capabilities[174]. Market Position and Performance - The company holds a leading position in the domestic broadcasting operator market, with significant market shares in domestic OTT smart terminal sales and domestic wired 4K set-top box sales[49]. - The company maintained the number one market share in the domestic digital TV box market for 12 consecutive years, with a leading position in the cable 4K set-top box market[68]. - In the domestic telecom operator market, the company generated revenue of 198,018.07 million yuan, becoming a key supplier for major telecom operators[69]. - The overseas market revenue reached 307,570.00 million yuan, with a solid market share in traditional Pay-TV boxes and successful expansion into Android TV and broadband access products[73]. - The company has established strategic partnerships with the three major telecom operators in China, focusing on the integration of scenarios and applications to develop new products and services for smart home ecosystems[45]. Financial Performance and Investments - The net cash flow from operating activities improved to ¥60,738,527.13, a remarkable increase of 478.82% compared to the previous year[29]. - Long-term equity investments increased by 803.31% compared to the previous year, primarily due to a new equity investment of 100 million yuan in Skyworth Group Financial Co., Ltd.[50]. - The company reported a net loss attributable to shareholders of 11.86 million yuan for the period[158]. - The company issued 1.04 billion yuan in convertible bonds to support the development of next-generation smart terminals and broadband network access equipment[65]. - The company temporarily supplemented working capital with up to RMB 300 million of idle raised funds, with a remaining balance of RMB 116 million as of December 31, 2019[141]. Risks and Compliance - The company has disclosed potential risk factors that may adversely affect its future development strategies and operational goals[4]. - The company faces policy risks related to the regulation of internet retail OTT smart terminal boxes, but has maintained compliance with national broadcasting regulations, ensuring no impact on sales during the reporting period[196]. - The company has established credit risk management policies to mitigate risks associated with customer credit exposure in sales[200]. - The company has implemented strict internal control measures for foreign exchange forward transactions to manage risks effectively[134]. Future Outlook - The company plans to leverage 5G technology and international strategies to enhance its four major business segments: smart terminals, broadband devices, professional displays, and operational services[161]. - The company aims to expand its digital intelligent box and smart gateway systems, targeting significant growth in the next three years[192]. - The company plans to expand its industrial layout through investments, mergers, and cross-industry collaborations, focusing on broadband communication network equipment, automotive electronics, and AI-related technologies[195]. - The global market for 10G PON technology is projected to reach 3.03 trillion yuan by 2023, with a compound annual growth rate of 16%[176]. - The ultra-high-definition video industry in China is expected to exceed 4 trillion yuan by 2022, with 200 million ultra-high-definition users projected[181].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥239,843,978.35, representing a significant increase of 234.43% year-on-year[10]. - Operating revenue for the reporting period was ¥2,387,767,689.84, reflecting a growth of 15.68% compared to the same period last year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥218,622,851.35, up 266.22% year-on-year[10]. - Basic earnings per share for the reporting period was ¥0.2314, an increase of 234.88% compared to the same period last year[10]. - The weighted average return on equity was 6.79%, an increase from 4.40% in the previous year[10]. - The company reported a net cash flow from operating activities of ¥91,858,944.03, which is a 120.67% increase year-to-date[10]. - The company reported a significant increase in user data, with a total of 20,022.22 million in user engagement metrics[54]. - The total operating revenue for the current period reached ¥2,387,767,689.84, an increase of approximately 15.5% compared to ¥2,064,052,252.52 in the previous period[88]. - The net profit for the current period was ¥232,778,652.60, significantly higher than ¥70,382,322.78 from the previous period, indicating a growth of approximately 230%[90]. - The total comprehensive income for the current period was ¥212,591,317.79, compared to ¥46,657,885.29 in the previous period, highlighting a strong performance[95]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,677,164,847.09, an increase of 23.42% compared to the end of the previous year[10]. - As of September 30, 2019, total current assets amounted to CNY 9,159,462,872.14, an increase of 26.9% from CNY 7,224,207,613.73 on December 31, 2018[71]. - The company's total equity increased to CNY 3,720,585,768.39 from CNY 3,337,568,538.23, marking an increase of 11.5%[76]. - Total liabilities as of September 30, 2019, were CNY 6,956,579,078.70, compared to CNY 5,313,613,183.80, indicating a growth of 30.9%[76]. - The company's total liabilities included short-term borrowings of RMB 1,189,187,528.52, a 121.29% increase, driven by the need to hedge against USD asset fluctuations[25]. - The total liabilities to equity ratio increased to 1.87 from 1.59, indicating a higher leverage position[76]. Investments and Acquisitions - The company completed the acquisition of a 55% stake in Chuangwei Qunxin Security, contributing to its growth strategy[13]. - The company issued convertible bonds, raising a net amount of RMB 1,031,286,400.00, which will be used for upgrading smart set-top boxes and automotive intelligent driving assistance systems[31]. - The company's long-term equity investments surged by 775.07% to RMB 112,268,189.16, attributed to an investment of RMB 100 million in Skyworth Group Financial Co., Ltd.[25]. - The company reported investment income of ¥2,890,006.83, compared to ¥2,498,409.15 in the previous period, reflecting a growth of about 15.6%[90]. - The company achieved an investment income of approximately 95.02 million, indicating a strong performance in this area[118]. Research and Development - Research and development expenses rose by 36.00% to RMB 344,038,153.12, reflecting increased investment in new products and business development[25]. - Research and development expenses for the current period amounted to ¥344,038,153.12, up from ¥252,966,005.56 in the previous period, indicating a focus on innovation[108]. Cash Flow and Financial Management - The company reported a significant increase in cash received from other operating activities, totaling 201,804,551.30, compared to 141,179,307.57 previously[124]. - The cash flow from operating activities for the current period is approximately 6.64 billion, compared to 6.10 billion in the previous period, reflecting an increase of about 8.8%[121]. - The cash inflow from financing activities totaled 4,001,440,649.60, compared to 2,327,219,350.67 in the previous period, leading to a net cash inflow of 1,185,583,795.46[127]. - The company incurred financial expenses of approximately 22.62 million, a significant increase from -38.13 thousand in the previous period[115]. - The company has implemented a risk management strategy for foreign exchange transactions, focusing on hedging against currency fluctuations to mitigate potential losses[57]. Shareholder Information - The total number of shareholders at the end of the reporting period was 52,224, with the largest shareholder holding 55.20% of the shares[14]. - The company completed the repurchase and cancellation of 13,971,152 shares as compensation for unmet performance commitments from 2018, along with receiving a cash dividend of RMB 1.5368 million[35]. - The company’s half-year profit distribution plan was approved and implemented by the board and shareholders in September 2019[35]. Compliance and Governance - There were no legal disputes reported during the period, indicating a stable operational environment[57]. - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[42]. - The company has not engaged in any non-operational fund occupation by major shareholders during the reporting period[63]. - The company has established strict internal controls for foreign exchange trading, including a dedicated financial department overseeing operations and compliance with internal policies[57].