Financial Performance - The company's operating revenue for Q1 2021 was ¥2,281,791,914.66, representing a 133.95% increase compared to ¥975,325,963.91 in the same period last year[9] - Net profit attributable to shareholders was ¥36,179,977.28, up 49.83% from ¥24,146,991.77 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥30,412,840.30, which is a 100.02% increase from ¥15,204,920.69 in the previous year[9] - The company's operating revenue increased by CNY 1,306.47 million, a growth of 133.95%, primarily driven by the growth in core business[25] - The company's net profit attributable to shareholders increased by CNY 12.03 million, a growth of 49.83%, due to improved operational efficiency[26] - The total comprehensive income attributable to the parent company was CNY 36,610,429.78, an increase from CNY 23,592,851.23 in the previous period, reflecting a growth of approximately 55%[71] - Operating revenue for the current period reached CNY 29,572,512.73, up from CNY 19,642,851.64, indicating a growth of about 50.5% year-over-year[72] - The net profit for the current period was CNY -7,512,460.32, an improvement from CNY -13,111,281.34 in the previous period, showing a reduction in losses by approximately 42%[75] Cash Flow - The net cash flow from operating activities was ¥1,360,110.19, an increase of 29.52% compared to ¥1,050,090.22 in the same period last year[9] - Cash flow from operating activities amounted to CNY 1,937,213,924.00, compared to CNY 1,419,424,605.92 in the previous period, representing an increase of about 36.3%[79] - The net cash flow from operating activities was -$67,938,156.08, worsening from -$29,619,263.05 year-over-year[86] - The cash inflow from operating activities totaled $305,260,198.59, up from $193,537,851.40 in the previous period[86] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,608,252,505.86, reflecting a 1.78% increase from ¥12,388,259,718.69 at the end of the previous year[9] - The total current assets decreased slightly to CNY 7,515,523,591.36 from CNY 7,535,646,632.72, indicating a decline of about 0.27%[49] - Total liabilities increased to CNY 8,380,810,403.57 from CNY 8,191,419,790.96, indicating a growth of approximately 2.31%[52] - The company's equity attributable to shareholders rose to CNY 3,681,757,426.69 from CNY 3,644,502,654.66, an increase of about 1.02%[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,050[14] - The largest shareholder, Jiangxi Xinseng Investment Co., Ltd., held 10.02% of the shares, amounting to 105,000,986 shares[14] Research and Development - The company's R&D expenses increased by CNY 55.39 million, a growth of 235.17%, reflecting increased investment in research and development[25] - Research and development expenses for the quarter were ¥78,936,137.31, significantly higher than ¥23,550,913.69 in the same quarter last year, indicating an increase of about 235.5%[65] Government Support - The company received government subsidies amounting to ¥5,866,085.44 during the reporting period[9] Operational Metrics - The company's optical mobile lens and imaging module shipments increased by 63.40% year-on-year, maintaining good growth in the smartphone sector[30] - The company has established strategic partnerships with major clients in the automotive electronics sector, leading to significant growth in the optical vehicle-mounted lens business, which increased by 470.00% year-on-year[27] Other Income and Expenses - The company reported a significant increase in other income, totaling ¥5,540,985.44, compared to ¥10,625,312.27 in the previous year[65] - The company incurred sales expenses of CNY 1,761,582.93, with management expenses rising to CNY 13,538,495.85 from CNY 11,497,034.67, indicating a significant increase in operational costs[72]

Financial Performance - Operating revenue for the reporting period was ¥3,149,662,218.49, representing a year-on-year growth of 97.11%[9] - Net profit attributable to shareholders was ¥122,577,427.74, up 20.12% year-on-year[9] - The company’s basic earnings per share for the reporting period was ¥0.1319, reflecting a 20.13% increase year-on-year[9] - The company reported a net profit of ¥1,386,807,367.21, up from ¥1,184,205,024.32, reflecting a growth of about 17.0%[64] - The net profit for the current period is 111,171,160.64, up from 96,462,273.22 in the previous period, reflecting a growth of approximately 15.5%[79] - The company reported a profit attributable to the parent company's shareholders of 122,577,427.74, compared to 102,047,933.81 in the previous period, marking an increase of approximately 20.2%[79] - The total comprehensive income attributable to the parent company's owners is 118,078,005.70, compared to 105,687,743.77 in the previous period, showing an increase of about 11.5%[83] Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,288,386,013.30, an increase of 25.41% compared to the previous year[9] - Total liabilities amounted to ¥8,069,556,839.13, up from ¥6,435,376,177.42 year-over-year, indicating a growth of approximately 25.4%[64] - The total amount of current liabilities was ¥6,341,875,288.50, compared to ¥4,849,436,203.22, indicating an increase of approximately 30.7%[64] - The company’s net assets attributable to shareholders increased to ¥2,662,026,100.08, a rise of 15.41% compared to the previous year[9] - The company reported a total current asset of ¥7,126,919,964.46 as of September 30, 2020, compared to ¥5,355,861,722.37 as of December 31, 2019, indicating an increase of approximately 32.9%[55] - The total liabilities to total assets ratio stands at approximately 36.6%, indicating a moderate level of leverage[133] Cash Flow - The company reported a net cash flow from operating activities of -¥20,419,972.73, a decline of 174.16% compared to the previous year[9] - The company's net cash flow from operating activities decreased by ¥12,885.67 million, a decline of 118.66%, primarily due to increased cash outflows related to operating activities[30] - Cash inflow from operating activities totaled approximately ¥5.02 billion, an increase from ¥4.61 billion in the previous period, reflecting a growth of about 8.97%[107] - The net cash flow from financing activities was approximately ¥699.64 million, a recovery from a negative cash flow of -¥95.33 million in the previous period[110] - The cash and cash equivalents at the end of the period were approximately ¥188.51 million, an increase from ¥73.28 million at the end of the previous period[110] Investments and Expenditures - The company's long-term equity investments increased by ¥251,839,700, a growth of 238.70% due to increased external investments[23] - The company’s development expenditures surged by ¥59,039,600, marking a 696.32% increase due to new project investments[23] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[67] - The total investment for the project is ¥210,000,000.00, with an actual investment of ¥66,929,884.63 during the reporting period, and a cumulative investment of ¥176,214,863.03 by the end of the period[41] Inventory and Costs - Inventory at the end of the reporting period rose by ¥620,855,700, an increase of 35.03% driven by growth in production and sales[23] - The company's operating costs rose by ¥141,428.21 million, an increase of 38.82%, in line with the growth in sales revenue[26] - The company's total operating costs for the current period are 3,051,843,201.68, compared to 1,481,219,870.38 in the previous period, reflecting a substantial increase[76] - The company's inventory stock decreased by ¥2,177.63 million, a reduction of 50.69%, due to equity incentives during the reporting period[26] Financial Ratios and Performance Metrics - The weighted average return on net assets was 4.71%, a slight increase of 0.06% compared to the previous year[9] - The company's gross profit margin improved by 3.64%, indicating enhanced profitability during the reporting period[27] - The company's long-term payables increased by ¥11,956.73 million, a growth of 41.86%, mainly due to an increase in financing lease payments and other long-term financing[26] Compliance and Governance - The company has no significant contracts or entrusted financial management during the reporting period[42][44] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[43][44] - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[136] - The company is subject to new revenue and leasing standards effective from 2020, which may impact future financial reporting[136]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥2,506,567,053.12, a decrease of 6.11% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥87,149,253.56, down 28.81% year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥65,986,018.26, a decrease of 27.01% compared to the previous year[22]. - The net cash flow from operating activities was ¥152,444.96, a significant decline of 99.81% compared to the same period last year[22]. - Basic earnings per share were ¥0.0938, down 45.21% year-on-year[22]. - Diluted earnings per share were ¥0.0929, a decrease of 45.74% compared to the same period last year[22]. - The total assets at the end of the reporting period were ¥10,475,250,880.28, an increase of 16.37% from the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥2,542,556,407.57, up 10.23% compared to the end of the previous year[22]. - The weighted average return on net assets was 3.53%, down 2.28% from the previous year[22]. - The company reported a net profit of 21,163,235.30 CNY after accounting for non-controlling interests[26]. - The company achieved a sales revenue of 2.506 billion yuan in the first half of 2020, a decrease of 6.11% compared to the same period last year[46]. - The net profit attributable to the parent company was 87 million yuan, down 28.81% year-on-year[46]. Revenue Breakdown - Revenue from optical components increased by 17.37% to ¥546,709,569.97, accounting for 21.81% of total revenue[60]. - Revenue from touch display products decreased by 22.49% to ¥996,654,210.63, representing 39.77% of total revenue[60]. - Revenue from integrated circuits was ¥839,293,518.10, down 5.34% year-on-year, making up 33.48% of total revenue[60]. - Domestic revenue was ¥1,507,113,598.51, accounting for 60.13% of total revenue, a decrease of 3.74% compared to the previous year[59]. - International revenue was ¥999,453,454.61, representing 39.87% of total revenue, down 9.47% year-on-year[59]. Investments and Acquisitions - The company invested 23 million CNY to acquire a 14.14% stake in Korean company Mephas, enhancing its capabilities in touch IC technology[31]. - The company has committed RMB 21,000 million for the annual production of 60 million high-end smartphone lenses, with 52.04% of the project completed as of the reporting date[74]. - The company has invested RMB 120,000,000 in Jiangxi Lian Gan Electronics, acquiring a 60% stake in the new establishment focused on smart terminals[68]. - The total investment amount for the reporting period reached RMB 376,100,000, representing a 94.18% increase compared to RMB 193,690,633.47 in the same period last year[67]. Strategic Partnerships and Product Development - The company has established strategic partnerships with Mobileye and Nvidia in the automotive lens sector, with multiple products certified and in mass production[29]. - In the smartphone lens and imaging module sector, the company has seen significant growth in shipment volumes compared to the same period last year, including the mass production of a 48M 6P smartphone lens[29]. - The company has launched a 20W wireless charging chip that has passed WPC Qi certification and is in mass supply to major brand clients[32]. - The company is focusing on developing high-end wireless charging chips with power ratings above 30W to capture the mid-to-high power market[33]. - The company has increased its penetration in the touch display integration product market, collaborating with major clients like BOE[30]. Financial Management and Capital Structure - The company issued 3 million convertible bonds with a total amount of 300 million yuan to support the production and operational funding needs[46]. - The company raised RMB 15 million from Jiumu New Century for its wholly-owned subsidiary, Jiangxi Lianyi Optical, and another RMB 15 million from Rui Cheng Investment, enhancing its capital structure[49]. - The company has pledged its 30% equity in Chongqing Lianchuang as collateral for a loan of RMB 327,000,000, of which RMB 72,000,000 has been repaid[66]. - The company has a total of CNY 5,000 million in guarantees for Jiangxi Lianchuang Electronics, with various execution dates throughout 2020[122]. Corporate Governance and Shareholder Matters - The company held four temporary shareholder meetings and one annual shareholder meeting during the reporting period, with investor participation rates of 26.61%, 27.76%, 24.78%, 24.50%, and 24.51% respectively[93]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the semi-annual period[94]. - The company completed a share reduction plan where 9,052,825 shares were sold, representing 1.27% of the total share capital[138]. - The total number of common shareholders at the end of the reporting period was 94,768, with the largest shareholder, Jiangxi Xinsong Investment Co., Ltd., holding 11.30% of shares[156]. Risk Management and Market Strategy - The company faces a high customer concentration risk, with the top five customers accounting for 33.47%, 15.32%, 10.38%, 6.72%, and 6.34% of total sales, which poses a potential threat to revenue stability[84]. - The company is actively expanding its market presence and product applications to reduce reliance on major customers and mitigate risks associated with market demand fluctuations[85]. - The company is committed to enhancing its production efficiency and product quality to counteract the risks of price declines in the touch display market due to increased competition[88]. - The company is closely monitoring the impact of the COVID-19 pandemic on its supply chain and is taking proactive measures to ensure business continuity[90]. Research and Development - Research and development investment increased by 40.86% to RMB 141.2 million, focusing on new product development[56]. - The company has established a dedicated VR/AR research team recognized as an outstanding talent team in Jiangxi Province[38]. - New product development initiatives are underway, focusing on enhancing technology and market competitiveness[125]. Environmental and Social Responsibility - The company has no significant environmental pollution issues and is not listed as a key pollutant discharge unit by environmental protection authorities[132]. - The company has implemented wastewater treatment facilities and air pollution control measures, with all facilities operating normally[135]. - The company has not engaged in targeted poverty alleviation work during the reporting period and has no subsequent plans[136]. Corporate Changes and Executive Matters - The company underwent a strategic adjustment, resulting in the resignation of President Han Shenglong on June 30, 2020[178]. - The company appointed Zeng Jiyong as President on June 30, 2020, following the strategic adjustment[178]. - The company’s independent director Bao Xinmin completed his term on January 10, 2020, and Liu Weidong was elected as a new independent director[178].

Financial Performance - The company’s operating revenue for 2019 was ¥6,081,932,971.96, representing a 26.65% increase compared to ¥4,802,264,162.21 in 2018[19]. - The net profit attributable to shareholders was ¥267,330,115.33, an increase of 8.81% from ¥245,685,945.67 in the previous year[19]. - The net cash flow from operating activities surged by 228.10% to ¥408,791,466.07, up from ¥124,594,847.90 in 2018[19]. - The total assets at the end of 2019 reached ¥9,001,328,965.48, marking a 31.41% increase from ¥6,849,667,739.29 at the end of 2018[19]. - The company achieved a basic earnings per share of ¥0.37, reflecting an 8.82% increase from ¥0.34 in 2018[19]. - Total revenue for 2019 reached ¥6,081,932,971.96, representing a 26.65% increase from ¥4,802,264,162.21 in 2018[61]. - The touch display segment generated ¥3,304,389,139.03, accounting for 54.33% of total revenue, with a year-on-year growth of 38.44%[61]. - Optical components revenue surged by 92.44% to ¥1,275,279,173.33, increasing its share of total revenue to 20.97%[61]. - Integrated circuit revenue was ¥1,470,117,167.97, reflecting a 29.97% increase compared to the previous year[61]. - Domestic sales accounted for 69.15% of total revenue, amounting to ¥4,205,676,788.07, with a significant growth of 56.14%[61]. Shareholder Returns - The company plans to distribute a cash dividend of 0.1 RMB per 10 shares and to increase capital by 3 shares for every 10 shares held, based on a total share capital of 2,440,000 shares after repurchase[4]. - The cash dividend distribution for 2018 was set at RMB 0.45 per share, totaling RMB 24.68 million, which is 10.04% of the net profit for the year[116]. - The cash dividend for 2018 was RMB 0.45 per 10 shares (including tax), amounting to RMB 24,675,626.83, which represents 10.04% of the net profit attributable to ordinary shareholders[120]. - In 2019, the total cash dividend (including other methods) was RMB 29,135,947.21, accounting for 10.90% of the net profit attributable to ordinary shareholders[121]. - The company’s cash dividend payout ratio for 2019 was 100% of the distributable profit[121]. - The company has a clear and transparent cash dividend policy that complies with its articles of association and shareholder resolutions[117]. Business Transformation and Strategy - The company has undergone a business transformation since February 18, 2016, shifting from the production and sales of hemp and lining fabrics to the R&D, production, and sales of touch display products and optical components[17]. - The company has established strategic partnerships with international firms like Mobileye and Nvidia in the automotive lens sector, with multiple products certified by Mobileye[33]. - The company has successfully launched a hybrid glass-plastic mobile lens, which is now in mass production for major domestic smartphone brands[33]. - The company initiated the establishment of the Jiangxi Lianchuang Silicon Valley Paradise Integrated Circuit Industry Fund, investing in the semiconductor industry and becoming the largest shareholder of a Korean company[35]. - The company plans to increase investment in high-end wireless charging chips, targeting a market launch for 30W and above models in the near future[35]. - The company is expanding its touch display product capacity, with a new production line in Chongqing expected to produce 30 million units annually, and a project in India also ramping up production[56]. - The company is focused on improving operational quality by reducing trade proportions and accelerating the market promotion of new products such as vehicle-mounted lenses and high-end mobile lenses[102]. Research and Development - The company has established a strong R&D capability in mobile camera modules, including high-pixel modules and TOF modules, with significant recognition from leading mobile brands[41]. - In 2019, the company applied for 112 patents in the touch display industry, including 20 invention patents, and has a total of 204 authorized patents[44]. - The company’s R&D investment reached approximately 288.1 million yuan, accounting for 4.74% of total revenue, an increase of 46.93% compared to 2018[75]. - The number of R&D personnel increased by 12.15% to 1,089, indicating a focus on innovation and product development[75]. - The company emphasizes the importance of technological innovation and plans to increase R&D investment to maintain its competitive edge in the optical and touch display industries[102]. Risk Management - The company emphasizes the importance of risk factors including interest rate risk, liquidity risk, and operational risk, urging investors to be cautious[3]. - The company has a strong collaboration with Melfas in the touch IC field, enhancing its technological capabilities and market access[46]. - The company has formed strategic partnerships with major clients such as Samsung and vivo, focusing on enhancing market share and expanding customer base[45]. - The sales revenue from the top five customers accounted for 64.75% of the total revenue during the reporting period, indicating a high customer concentration risk[104]. - The company plans to expand its customer base and develop new applications to reduce reliance on major clients, addressing the risk of market demand fluctuations[105]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[3]. - The company has provided opportunities for minority shareholders to express their opinions and protect their legal rights[117]. - The company’s independent directors have fulfilled their responsibilities effectively during the decision-making process regarding profit distribution[117]. - The company has established an independent financial accounting department and management system to ensure financial independence[129]. - The company guarantees that its subsidiary, Hanma Industry, has complete operational assets and does not violate the use of funds or resources[129]. Environmental Responsibility - The company ensures compliance with environmental standards, with wastewater and air emissions meeting the required discharge standards[180]. - The company operates a wastewater treatment facility that is functioning normally, ensuring compliance with local environmental regulations[182]. - The company has made significant investments in pollution control facilities, including two sets of air pollution control devices[182]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[178]. Shareholder Changes - The major shareholder, Silicon Valley Paradise PE Fund, plans to reduce its holdings by up to 11,015,746 shares, representing no more than 2% of the total share capital[186]. - As of March 20, 2019, the PE Fund has reduced its holdings by 5,507,285 shares, accounting for 0.9999% of the total share capital, leaving it with 32,527,516 shares, or 5.9056%[186]. - By May 31, 2019, the total shares held by the PE Fund and the private placement fund decreased to 27,059,311 shares, representing 4.9128% of the total share capital[186]. - On July 9, 2019, King Crown International signed a framework agreement to transfer 10% of the total share capital to Nanchang Guojin Industrial Investment Co., Ltd.[187]. - After the share transfer, King Crown International holds 1.35% of the shares, while Guojin Investment becomes the second-largest shareholder with 10%[188].

Financial Performance - The company's operating revenue for Q1 2020 was ¥975,325,963.91, a decrease of 6.69% compared to ¥1,045,284,919.98 in the same period last year[7] - Net profit attributable to shareholders was ¥24,146,991.77, down 40.40% from ¥40,516,299.90 year-on-year[7] - Basic earnings per share decreased by 57.14% to ¥0.03 from ¥0.07 in the same period last year[7] - The company's net profit attributable to shareholders decreased by CNY 16.37 million, a reduction of 40.40%, primarily due to the impact of COVID-19, which reduced labor efficiency in February and March[19] - Net profit for the quarter was CNY 23,368,304.70, a decline of 31.9% from CNY 34,289,063.59 in the same period last year[50] - The net profit for the first quarter of 2020 was -13,111,281.34 CNY, compared to -6,321,990.90 CNY in the same period last year, indicating a significant increase in losses[55] Cash Flow - The net cash flow from operating activities was ¥1,050,090.22, a significant decline of 97.94% compared to ¥50,902,636.46 in the previous year[7] - The company's net cash flow from operating activities decreased by CNY 49.85 million, a reduction of 97.94%, mainly due to increased cash outflows related to operating activities[20] - The company incurred a total cash outflow of 1,418,374,515.70 CNY in operating activities, compared to 1,202,719,599.51 CNY in the same period last year[60] - The net cash flow from operating activities was -29,619,263.05 CNY, a significant decrease from 67,468,415.49 CNY in the previous period[65] - The company raised 100,000,000.00 CNY through investment absorption in the current period[62] - The net cash flow from financing activities was 473,977,964.93 CNY, compared to -190,166,198.19 CNY in the previous year[62] Assets and Liabilities - Total assets increased by 6.34% to ¥9,572,079,667.57 from ¥9,001,328,965.48 at the end of the previous year[7] - Current liabilities totaled ¥4,914,739,824.99, compared to ¥4,849,436,203.22 in the previous period, indicating an increase of about 1.85%[39] - Non-current liabilities rose to ¥1,918,529,881.33 from ¥1,585,939,974.20, reflecting an increase of approximately 20.96%[39] - The total liabilities amounted to ¥6,833,269,706.32, compared to ¥6,435,376,177.42, which is an increase of about 6.18%[39] - The company's total equity reached ¥2,738,809,961.25, up from ¥2,565,952,788.06, marking a growth of around 6.73%[41] - The total assets amounted to 9,001,328,965.48 CNY, with total liabilities at 6,435,376,177.42 CNY, indicating a healthy asset-to-liability ratio[75] Government Support and Subsidies - The company received government subsidies amounting to ¥11,505,076.20 during the reporting period[7] - Other receivables rose by ¥26,018,200, marking a 70.14% increase attributed to higher government subsidies receivable[17] Research and Development - The company's research and development expenses decreased by CNY 18.28 million, a reduction of 43.70%, mainly because some R&D projects were completed and put into production[19] - The company reported a decrease in research and development expenses to CNY 23,550,913.69, down from CNY 41,828,538.52, indicating a potential shift in R&D focus[48] Financial Management - The company's financial expenses decreased by CNY 14.24 million, a reduction of 30.85%, primarily due to the repayment of bank loans and foreign exchange rate changes[19] - The company experienced a significant reduction in financial expenses, which decreased to CNY 31,926,206.85 from CNY 46,170,841.61, suggesting improved financial management[48] Equity and Investments - The company's minority shareholder equity increased by CNY 104.23 million, an increase of 40.20%, mainly due to minority shareholders increasing their investment in subsidiaries during the reporting period[18] - The company's long-term equity investments were reported at ¥4,412,559,691.20, slightly up from ¥4,411,396,073.91, indicating a marginal increase[43] Operational Efficiency - The company is focusing on cost control and efficiency improvements to navigate the current market challenges[48] - The company reported a decrease in prepayments by ¥115,202,300, a reduction of 45.89% as payments were settled upon receipt of goods[17] Other Financial Metrics - The company adopted the new revenue recognition standard starting January 1, 2020, as mandated by the Ministry of Finance[80] - The first quarter report for 2020 was not audited, indicating preliminary financial data[82] - The company has not provided specific performance guidance or future outlook in the available documents[82]

Financial Performance - Net profit attributable to shareholders was ¥102,047,933.81, reflecting a growth of 17.38% year-on-year[7]. - Operating revenue for the period was ¥1,597,896,451.64, representing a year-on-year increase of 19.15%[7]. - Basic earnings per share were ¥0.1427, up 17.45% from the same period last year[7]. - The company reported a net profit excluding non-recurring gains and losses of ¥98,019,428.61, which is a 45.31% increase compared to the previous year[7]. - The total comprehensive income for the current period was ¥100,102,083.18, compared to ¥91,556,352.62 in the previous period, indicating a growth of 9.0%[57]. - Net profit for Q3 2019 reached approximately CNY 207.44 million, a 14.3% increase from CNY 181.44 million in Q3 2018[65]. - The company reported a basic earnings per share of ¥0.1427, compared to ¥0.1215 in the previous period, reflecting a 17.6% increase[57]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,471,048,665.47, an increase of 23.67% compared to the end of the previous year[7]. - The company's current assets totaled RMB 5,018,329,583.07, compared to RMB 3,797,342,781.02 at the end of 2018, indicating a growth of about 32.2%[41]. - Total liabilities increased to CNY 5,945,247,034.70, up from CNY 4,562,206,231.82, representing a growth of approximately 30.3% year-over-year[43]. - Current liabilities totaled CNY 4,531,344,672.80, compared to CNY 3,208,262,774.30, marking an increase of about 41.2%[43]. - The total liabilities decreased to RMB 4,018,329,583.07 from RMB 4,674,419,185.00, showing a reduction of approximately 14%[41]. Cash Flow - The net cash flow from operating activities was ¥27,534,759.68, a significant increase of 216.32% compared to the previous period[7]. - The total cash flow from operating activities was ¥108,589,181.49, a significant improvement from a negative cash flow of ¥97,332,211.84 in the previous period[75]. - The net cash flow from operating activities was CNY 653,814,722.81, a significant improvement compared to a net outflow of CNY -71,966,185.88 in the previous period[77]. - Total cash inflow from operating activities reached CNY 906,788,344.68, up from CNY 423,520,510.53 in the prior period[77]. Expenses - R&D expenses increased by CNY 45.38 million, an increase of 42.72%, due to increased investment in new product development[18]. - Financial expenses increased CNY 69.21 million, an increase of 122.45%, primarily due to increased financing costs and exchange rate losses[18]. - Total operating costs increased to ¥1,481,219,870.38, up 17.7% from ¥1,258,108,986.38 in the previous period[53]. - Tax expenses for the current period were ¥13,082,246.23, significantly higher than ¥5,278,966.49 in the previous period, marking an increase of 147.5%[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 43,770[10]. - The largest shareholder, King Crown International Limited, holds 11.35% of the shares, amounting to 81,170,352 shares[10]. - The company did not engage in any repurchase transactions during the reporting period[13]. Inventory and Receivables - Accounts receivable decreased by CNY 163.44 million, a reduction of 55.00%, mainly due to the maturity of receivables[16]. - Inventory increased by CNY 865.56 million, an increase of 82.77%, attributed to growth in production and sales scale[16]. - Accounts receivable rose to CNY 26,600,397.67 from CNY 903,882.61, showing a substantial increase of approximately 2,841.5%[46]. Future Plans - The company plans to publicly issue convertible bonds with a total amount not exceeding CNY 300 million[25]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[67].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥2,669,694,067.79, representing a 21.48% increase compared to ¥2,197,670,473.28 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥122,425,896.12, up 26.96% from ¥96,426,226.85 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥90,398,509.10, a 10.97% increase from ¥81,461,482.72[23]. - The net cash flow from operating activities was ¥81,054,421.81, a significant improvement of 210.04% compared to a negative cash flow of -¥73,660,014.66 in the previous year[23]. - Basic earnings per share increased to ¥0.1712, reflecting a growth of 28.24% from ¥0.1335[23]. - Total assets at the end of the reporting period were ¥7,731,458,984.19, a 12.87% increase from ¥6,849,667,739.29 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were ¥2,142,293,895.09, up 3.77% from ¥2,064,540,430.13[23]. - The weighted average return on net assets was 5.81%, an increase of 0.79% compared to 5.02% in the previous year[23]. - The company achieved a revenue of 2.67 billion CNY and a net profit of 122 million CNY, representing a year-on-year growth of 21.48% and 26.96% respectively[51]. Investments and Strategic Partnerships - The company established a strategic partnership with Mobileye and Nvidia in the automotive lens sector, resulting in multiple products being recognized and mass-produced by major automotive electronics manufacturers[33]. - The company’s investment in the integrated circuit industry includes establishing a fund and acquiring a 15.43% stake in a Korean company, enhancing its position in the semiconductor market[34]. - The company is focusing on developing a new generation of 30W wireless charging chips, building on its existing product lines[34]. - The company has developed a new under-display optical fingerprint lens, which has received recognition from international smartphone brands and is set for mass production starting in August[33]. - The company has developed a screen-under optical fingerprint lens, which has been recognized by international smartphone brand clients, with mass shipments starting in August[52]. - The company is actively pursuing opportunities in the 5G market and plans to establish a factory in India to capture growth in that region[91]. - The company plans to invest USD 20 million to establish a factory in India with an annual production capacity of 30 million integrated touch display products, capitalizing on India's growing mobile market[153]. Production and Operational Efficiency - The company achieved a 58.14% increase in inventory compared to the beginning of the year, attributed to enhanced production and sales scale[38]. - The company has a complete manufacturing capability for optical components and photoelectric modules, ensuring high product yield and cost advantages[44]. - The company has successfully developed multiple vehicle-mounted lenses, with stable mass production for Tesla and Valeo[52]. - The company is advancing its new generation touch display integrated module project with an annual production capacity of 30 million units, which is currently under construction[53]. - The company has completed over 200 wireless charging projects at its Jiangxi Lianzhi subsidiary, establishing a comprehensive product line for low to medium power wireless charging chips[54]. - The company is focusing on enhancing production efficiency and product quality to mitigate risks associated with price declines in the touch display market[92]. Financial Health and Ratios - The company's current ratio at the end of the reporting period is 111.15%, down from 118.36% at the end of the previous year, a decrease of 7.21%[199]. - The debt-to-asset ratio increased to 69.77% from 66.60% year-over-year, an increase of 3.17%[199]. - The quick ratio decreased significantly to 70.04% from 85.76%, a decline of 15.72%[199]. - EBITDA interest coverage ratio dropped to 5.95 from 10.06, a decrease of 40.85%[199]. - The company maintained a loan repayment rate of 100.00% and an interest payment rate of 100.00%[199]. - The issuer's credit rating for the bonds remains at AA with a stable outlook, as confirmed by the credit rating agency[193]. - There were no overdue debts reported by the company during the reporting period[200]. Shareholder and Equity Information - The company held two temporary shareholder meetings in 2019 with investor participation rates of 35.58% and 32.04% respectively[1]. - The company did not distribute cash dividends or bonus shares for the half-year period[1]. - The company has a total of 8,996 million in approved guarantees for subsidiaries during the reporting period[133]. - The company has a total of 6,436 million in actual guarantees for subsidiaries during the reporting period[133]. - The company reported a total of 241,537.36 million in approved guarantees for subsidiaries at the end of the reporting period, with an actual balance of 232,838.98 million[132]. - The company’s shareholders, including Silicon Valley Paradise PE Fund, reduced their holdings by 5,507,285 shares, representing approximately 0.9999% of the total share capital[146]. - The top two shareholders, Jin Guan International and Jiangxi Xinsheng Investment, hold 11.35% and 11.29% of the shares, respectively[170]. - The total number of ordinary shareholders at the end of the reporting period was 35,966[168]. Environmental Compliance - The company has established a wastewater treatment plant and two sets of exhaust gas adsorption devices, all of which are operating normally[144]. - The company has received environmental impact assessment approvals for various projects, with specific approval numbers listed for each subsidiary[144]. - The company’s major pollutants and emissions standards are compliant with local regulations, including wastewater and exhaust gas standards[140]. - The company’s wastewater and exhaust gas emissions are treated to meet the standards before being discharged into municipal systems[140]. - The company is in compliance with the emission standards for volatile organic compounds (VOCs) and other pollutants[140]. - The company has ongoing construction for additional pollution control facilities, including exhaust gas adsorption devices and hazardous waste storage[144]. Corporate Governance and Compliance - The half-year financial report has not been audited[3]. - There were no major litigation or arbitration matters during the reporting period[4]. - The company has no penalties or rectification situations during the reporting period[4]. - The company has no significant related party transactions during the reporting period[8]. - The company has no outstanding commitments from actual controllers, shareholders, or related parties as of the end of the reporting period[2]. - The company has not entered into any other significant contracts during the reporting period[137].

Dividend Distribution - The company plans to distribute a cash dividend of 0.45 RMB per 10 shares (including tax) and will issue 3 bonus shares for every 10 shares held[4]. - The cash dividend for the 2018 fiscal year totals RMB 24,548,276.84 (including tax) [142]. - The total cash dividend, including other methods such as share buybacks, amounts to RMB 52,548,058.89, representing 21.39% of the net profit attributable to ordinary shareholders [142]. - The cash dividend for 2018 accounts for 9.99% of the consolidated net profit attributable to ordinary shareholders, which is RMB 245,685,945.67 [142]. - The company plans to distribute a cash dividend of RMB 0.45 per 10 shares for the 2018 fiscal year, totaling RMB 24,548,276.84 (including tax) [142]. - The company has committed to a profit distribution plan that ensures cash dividends will not be less than 20% of the total profit distribution in cases of significant capital expenditures [144]. - The total distributable profit for the year is RMB 955,364,079.65 [142]. Business Transformation and Focus - The company has undergone a business transformation since February 18, 2016, shifting its focus from the production and sales of hemp and fabric to the research, production, and sales of touch display products and optical components[22]. - The company has established a strategic focus on developing integrated touch display products and OLED-related components to leverage the positive trends in the flexible OLED industry[127]. - The company is focusing on R&D investments in AR/VR optical components and high-definition wide-angle imaging modules to capture emerging market opportunities[118]. Financial Performance - The company's operating revenue for 2018 was ¥4,802,264,162.21, a decrease of 4.99% compared to ¥5,054,383,546.71 in 2017[24]. - The net profit attributable to shareholders for 2018 was ¥245,685,945.67, down 13.40% from ¥283,698,019.58 in 2017[24]. - The net profit after deducting non-recurring gains and losses was ¥142,535,001.44, a significant decline of 44.02% compared to ¥254,610,127.58 in 2017[24]. - The company's total assets increased by 39.68% to ¥6,849,667,739.29 at the end of 2018, up from ¥4,903,856,174.23 at the end of 2017[26]. - The net assets attributable to shareholders rose by 10.31% to ¥2,064,540,430.13 at the end of 2018, compared to ¥1,871,569,038.68 at the end of 2017[26]. - The company achieved a total sales revenue of 4.80 billion yuan in 2018, a decrease of 4.99% compared to the previous year[55]. - The net profit attributable to the parent company was 246 million yuan, down 13.40% year-on-year[55]. Risk Management - The company emphasizes the importance of market conditions and various factors affecting the realization of future operational plans and performance forecasts, highlighting the inherent uncertainties[4]. - The company has established a risk management framework to address various risks, including interest rate risk, liquidity risk, and operational risk[4]. Research and Development - The company applied for 70 patents in the touch display industry in 2018, including 13 invention patents, totaling 139 authorized patents by the reporting period[49]. - The number of R&D personnel rose by 37.93% to 971, with R&D investment totaling ¥196,085,164.92, a 24.55% increase from the previous year[87]. - Research and development expenses increased by 1.99% to ¥134,699,744.92, driven by new product development investments[85]. Market Position and Strategy - The company has established strategic partnerships with international automotive safety companies, with eight vehicle-mounted lenses certified by Mobileye[37]. - The company has formed strong R&D partnerships in the optical industry, ensuring its products align with advanced sensor technologies[44]. - The company has become the largest supplier of action camera lenses globally, establishing a strong brand presence in the market[47]. - The company is actively seeking government support for its major projects, benefiting from various financial incentives to reduce operational costs[64]. - The company is focusing on expanding its market presence in the optical lens and imaging module sectors, which are expected to have a broad market outlook[114]. Subsidiaries and Investments - The company has a total of 10 subsidiaries, including Jiangxi Lianchuang Electronics Co., Ltd. and Chongqing Liangjiang Lianchuang Electronics Co., Ltd.[11]. - The company established the Jiangxi Lianchuang Silicon Valley Paradise Integrated Circuit Industry Fund and became the largest shareholder of Korea Mephas Co., Ltd., holding 15.43% of its shares[40]. - The company established a new subsidiary, Fuzhou Lianchuang Hengtai Optoelectronics Co., Ltd., with an investment of ¥300,000,000, holding a 100% stake[100]. - The company acquired a 60% stake in Sichuan Huajing Optoelectronics Technology Co., Ltd. for ¥47,550,000[100]. Production Capacity and Supply Chain - The company has completed the construction of a new production project for integrated touch display products with an annual capacity of 80 million units, which is gradually releasing production capacity[39]. - The company has improved its production capacity for molded glass lenses to 2 million units per month, ensuring self-sufficiency amid global shortages[58]. - The company has established a vertically integrated supply chain for touch display products, enabling rapid and low-cost customization for clients[50]. - The company aims to achieve a production capacity of over 10 million touch display modules per month, enhancing its competitive edge through strategic partnerships with upstream resource companies[129]. Financial Management and Accountability - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management team[3]. - The company has established independent financial accounting and management systems, ensuring no shared bank accounts with controlled entities[153]. - The company guarantees the independence of its operations and financial decisions, ensuring no interference from controlling entities[153]. - The company has not experienced any non-operating fund occupation by major shareholders or related parties during the reporting period[154]. Customer Concentration and Revenue Sources - Total sales from the top five customers amounted to ¥2,900,383,698.56, accounting for 60.39% of the annual total sales[83]. - The largest customer contributed ¥1,131,118,940.19, representing 23.55% of the annual total sales[83]. - Domestic revenue accounted for 56.09% of total revenue, totaling ¥2,693,571,128.28, a decrease of 5.44% from the previous year[70]. - International revenue was ¥2,108,693,033.93, which is a decrease of 4.40% year-over-year, making up 43.91% of total revenue[70]. Environmental and Social Responsibility - The company has established pollution prevention facilities, including a wastewater treatment plant and two sets of exhaust gas adsorption devices, all of which are operating normally[191].

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,045,284,919.98, representing a 15.49% increase compared to ¥905,078,811.61 in the same period last year[7]. - Net profit attributable to shareholders was ¥40,516,299.90, an increase of 82.45% from ¥22,206,784.45 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥18,754,287.68, up 68.95% from ¥11,100,307.19 in the previous year[7]. - Basic and diluted earnings per share increased to ¥0.07, reflecting a 75.00% rise from ¥0.04 in the previous year[7]. - The company's net profit for the first half of 2019 is expected to be positive, with a year-on-year increase of over 50%[26]. - Net profit for Q1 2019 was CNY 34,289,063.59, compared to CNY 22,632,165.20 in Q1 2018, representing a growth of 51.5%[50]. Cash Flow - The net cash flow from operating activities was ¥50,902,636.46, a significant improvement of 436.47% compared to -¥15,128,449.91 in the same period last year[7]. - The company's net cash flow from operating activities increased by 66.03 million yuan, a significant rise of 436.47% year-on-year, attributed to reduced operational payments[20]. - The net cash flow from operating activities for the first quarter was ¥67,468,415.49, a decrease of 43.5% compared to ¥119,511,960.52 in the previous period[65]. - Cash received from operating activities included ¥152,877,407.37 from other related activities[65]. - The company reported a net cash flow from investment activities of -¥139,623,420.19, compared to -¥339,042,989.47 in the previous period, indicating a reduction in cash outflow[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥7,432,161,367.60, an 8.50% increase from ¥6,849,667,739.29 at the end of the previous year[7]. - The company's total current assets amounted to ¥3,797,342,781.02, while total non-current assets were ¥3,052,324,958.27, leading to total assets of ¥6,849,667,739.29[70]. - Total liabilities increased to CNY 5,134,618,929.55, up from CNY 4,562,206,231.82, indicating a growth of 12.5%[38]. - The company's total liabilities due within one year decreased by 80 million yuan, a reduction of 60.15%, primarily due to loan repayments by subsidiaries[18]. - Total liabilities amounted to ¥4,562,206,231.82, with non-current liabilities totaling ¥1,353,943,457.52[73]. Shareholder Equity - Net assets attributable to shareholders were ¥2,080,848,597.02, a slight increase of 0.79% from ¥2,064,540,430.13 at the end of the previous year[7]. - The equity attributable to shareholders of the parent company rose to CNY 2,080,848,597.02, up from CNY 2,064,540,430.13, reflecting a growth of 0.8%[40]. - The total equity of the company as of Q1 2019 was CNY 3,128,179,321.16, down from CNY 3,156,508,744.86 at the end of the previous year[47]. - Total equity attributable to shareholders reached ¥2,064,540,430.13, while total equity was ¥2,287,461,507.47[73]. Operational Costs - The company's operating costs rose by 92.75 million yuan, an increase of 11.53%, in line with the growth in sales[19]. - Total operating costs amounted to CNY 1,027,711,313.34, up from CNY 892,769,183.49, reflecting a year-over-year increase of 15.1%[48]. - The total operating costs match the operating revenue at ¥13,250,317.36, indicating a break-even situation[53]. Government Support and Other Income - The company received government subsidies amounting to ¥29,374,397.40 during the reporting period[7]. - The company's other comprehensive income decreased by 2.20 million yuan, a decline of 109.54%, mainly due to the impact of exchange rate fluctuations[18]. - The company reported a decrease in other comprehensive income, with a net amount of CNY -2,200,700.21 for Q1 2019, compared to CNY -3,310,596.03 in Q1 2018[50]. Employee Compensation and Expenses - The company's employee compensation payable increased by 951,200 yuan, a rise of 76.69%, due to unpaid short-term employee compensation at the end of the reporting period[18]. - Management expenses increased to ¥7,512,503.04 from ¥4,882,169.79 in the previous period, reflecting a rise of approximately 53.4%[53]. - Financial expenses decreased to ¥834,883.74 from ¥2,455,067.35, showing a reduction of about 66.1%[53]. Investments and Borrowings - The company's investment income decreased by 1.39 million yuan, a decline of 92.67%, influenced by equity method accounting for investments[19]. - Short-term borrowings increased to CNY 1,670,419,185.00 from CNY 1,624,419,185.00, marking a rise of 2.2%[38]. - Long-term borrowings rose to CNY 623,422,460.31 from CNY 509,271,271.45, indicating an increase of 22.4%[38].

Financial Performance - Total assets increased to ¥6,640,589,112.87, a growth of 35.42% compared to the previous year[8] - Net profit attributable to shareholders reached ¥86,936,391.21, up 29.54% year-on-year[8] - Operating revenue for the period was ¥1,341,135,448.64, a decrease of 7.61% compared to the same period last year[8] - Basic earnings per share increased to ¥0.1578, reflecting a growth of 31.17%[8] - The weighted average return on net assets was 4.35%, an increase of 0.25% from the previous year[8] - Cash flow from operating activities showed a net outflow of ¥97,332,211.84, worsening by 44.58% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥67,454,195.91, up 2.08%[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 36,629[12] - The largest shareholder, King Crown International Limited, holds 11.34% of the shares, amounting to 62,438,732 shares[12] Government Subsidies and Income - The company reported a government subsidy income of ¥42,941,801.78 during the period[9] - The company’s deferred income increased by CNY 17.09 million, a rise of 132.58%, primarily due to government subsidies received during the reporting period[19] Cash and Receivables - As of the end of the reporting period, the company's cash and cash equivalents increased by CNY 181.04 million, a growth of 56.19%, primarily due to the increase in sales volume of main business operations[17] - The company's accounts receivable rose by CNY 492.27 million, an increase of 46.30%, attributed to higher sales of main products during the reporting period[17] - The net cash flow from operating activities increased by CNY 78.29 million, a rise of 44.58%, mainly due to improved collection of receivables[20] Inventory and Production - The company's inventory increased by CNY 384.55 million, a growth of 51.82%, due to increased production reserves in line with the growth of main business operations[17] - The company's operating income decreased by CNY 75.81 million, a decline of 2.10%, with main business income increasing by 42.44% and other income decreasing by 35.63%[20] Financial Management and Compliance - The company has committed to maintaining financial independence and ensuring that its financial personnel do not hold dual positions in other enterprises[28] - There are no reported instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[34] - The company has established an independent financial accounting department and a financial management system to ensure compliance with regulations[28] - The company has not engaged in any trust investment activities during the reporting period[35] - The company has not conducted any research, communication, or interview activities during the reporting period[36] - The company has committed to avoiding any improper benefits through related transactions and ensuring the protection of shareholder rights[28] - The company has established a complete and independent labor, personnel, and compensation management system[28] - The company has not reported any violations regarding external guarantees during the reporting period[33] Future Outlook and Strategic Initiatives - The company reported a significant increase in revenue for Q3 2018, with a year-over-year growth of 15%[25] - User data showed an increase in active users by 20% compared to the previous quarter, reaching a total of 1.5 million active users[25] - The company provided a positive outlook for Q4 2018, projecting a revenue increase of 10% to 12%[25] - New product launches are expected to contribute an additional $5 million in revenue in the next quarter[25] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2019[25] - A strategic acquisition is in progress, which is anticipated to enhance the company's technology capabilities and increase market competitiveness[25] - The company plans to invest $10 million in R&D for new technologies in the upcoming fiscal year[25] - The board approved a share buyback plan, aiming to repurchase up to $3 million worth of shares over the next six months[25] - The company has committed to maintaining a debt-to-equity ratio below 0.5 to ensure financial stability[25] - Management emphasized the importance of sustainable practices, aiming for a 30% reduction in carbon emissions by 2025[25] Profitability Expectations - The net profit attributable to shareholders for 2018 is expected to range from 31,206.78 to 39,717.72 million yuan, representing a growth of 10.00% to 40.00% compared to the previous year[30] - The net profit for 2017 was 28,369.8 million yuan, indicating a significant increase in profitability driven by sales growth in the main business[30]