Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[1] - The gross profit margin improved to 30%, up from 28% in the same period last year[1] - The company's operating revenue for the first half of 2021 was CNY 3,759,317,464.74, representing a 35.91% increase compared to CNY 2,766,115,473.60 in the same period last year[30] - Net profit attributable to shareholders was CNY 293,584,194.93, up 26.45% from CNY 232,176,138.35 year-on-year[30] - The basic earnings per share for the reporting period was CNY 0.4159, an increase of 26.45% from CNY 0.3289 in the previous year[30] - The company achieved operating revenue of CNY 3,759,317,464.74 in the first half of 2021, an increase of CNY 99,320,200.00 or 35.91% compared to the same period last year, primarily due to increased sales of large-sized capacitive touch screens[50] - The net profit attributable to shareholders was CNY 29,358,420.00, up CNY 6,140,810.00 or 26.45% year-on-year, driven by a significant increase in gross profit from core business activities[48] - The company reported a total profit of ¥310,916,847.62 for the first half of 2021, compared to ¥254,970,238.04 in the same period of 2020, marking a 22% increase[185] Research and Development - The company plans to invest 200 million RMB in R&D for new technologies and products in the next fiscal year[1] - Research and development expenses rose to CNY 139,166,158.71, a 43.89% increase from CNY 96,715,488.08 in the previous year, reflecting the company's investment in new products and technologies[50] - The company is investing in the development of new technologies and products, including ultra-hard anti-reflective coatings and flexible touch screens, with some products gradually achieving mass supply[47] - The company's core competitiveness is strengthened through continuous R&D of new products and technologies, maintaining a stable core management team and key technical personnel[40] Market Expansion - User data indicates a 20% increase in active users for the company's products compared to the previous year[1] - Future outlook includes a projected revenue growth of 10% for the second half of 2021, driven by market expansion strategies[1] - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% market share by 2023[1] - New product launches are expected to contribute an additional 300 million RMB in revenue by the end of 2021[1] - The company is actively expanding its market in large-sized capacitive touch screens for notebooks and automotive applications, with a monthly shipment peak of nearly 200,000 units[47] Financial Position - The company's total assets at the end of the reporting period were CNY 6,271,461,363.36, reflecting a 1.18% increase from CNY 6,198,151,530.04 at the end of the previous year[30] - The net assets attributable to shareholders increased by 4.24% to CNY 4,604,261,865.93 from CNY 4,417,171,480.05[30] - Cash and cash equivalents increased by 399.14% to CNY 222,335,052.74, reflecting improved sales collections[50] - The company's total liabilities included accounts payable of CNY 68,648,073.16, down from CNY 100,248,575.02, indicating a decrease of about 31.6%[171] Operational Risks - The company is facing risks from supply chain disruptions due to the COVID-19 pandemic and increased competition in the large-size capacitive touch screen market[21] - The company faces operational risks due to potential fluctuations in demand for large-size capacitive touch screens and increased competition, which may impact future performance[73] - To mitigate risks, the company plans to enhance market share in large-size capacitive touch screens and invest in R&D for new products and technologies[74] - The company is also addressing foreign exchange risk, as a significant portion of export sales is denominated in USD, which may lead to increased exchange losses due to currency fluctuations[75] Environmental Commitment - The company emphasizes a commitment to sustainability and social responsibility in its operational strategies[1] - The company achieved compliance with pollutant discharge standards across various metrics, including COD at 56.7 mg/L against a limit of 300 mg/L, and ammonia nitrogen at 1.2 mg/L against a limit of 40 mg/L[84] - The company has implemented continuous optimization of production processes to reduce wastewater and emissions[87] - The company has invested in water recycling systems to enhance resource utilization and reduce environmental impact[95] Shareholder Information - No cash dividends will be distributed to shareholders for this fiscal year, as the company aims to reinvest profits into growth initiatives[1] - The total number of ordinary shareholders at the end of the reporting period is 67,466, with no significant changes in shareholding structure reported[147] - The company has not engaged in any share repurchase activities during the reporting period[146]

Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,900,309,499.22, representing a 73.93% increase compared to the same period last year[11]. - Net profit attributable to shareholders for Q1 2021 was CNY 160,662,901.23, a 139.74% increase year-on-year[11]. - The net profit after deducting non-recurring gains and losses was CNY 154,933,344.14, reflecting a 146.23% increase compared to the previous year[11]. - The basic earnings per share for Q1 2021 was CNY 0.2276, up 139.83% from CNY 0.0949 in the same period last year[11]. - The company reported a net profit of CNY 379,699,802.56 for the period, compared to CNY 355,095,138.54 in the previous year, indicating a growth of about 7%[56]. - Total comprehensive income for Q1 2021 was CNY 161,599,520.09, compared to CNY 68,005,461.97 in Q1 2020, representing an increase of approximately 137.5%[63]. - Operating profit for Q1 2021 was CNY 182,628,728.02, up from CNY 79,812,439.90 in Q1 2020, reflecting an increase of about 128.5%[60]. - The company reported a gross profit margin of approximately 28.5% for Q1 2021, compared to 44.5% in Q1 2020, indicating a decrease in profitability[60]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 6,367,874,827.50, a 2.74% increase from the end of the previous year[11]. - The net assets attributable to shareholders at the end of the reporting period were CNY 4,578,342,294.82, an increase of 3.65% compared to the previous year[11]. - The total assets as of March 31, 2021, amounted to CNY 3,932,733,127.14, compared to CNY 4,105,275,534.42 at the end of December 2020, indicating a decrease of about 4.2%[54]. - The total liabilities were CNY 1,785,213,460.11, slightly up from CNY 1,777,089,682.74, reflecting a growth of approximately 0.8%[51]. - The total liabilities decreased slightly to RMB 3,026,585,000.00 from RMB 3,027,000,000.00, showing a marginal reduction[47]. Cash Flow - The company reported a net cash flow from operating activities of CNY 76,518,141.15, a decrease of 72.86% compared to the previous year[11]. - Cash inflow from operating activities reached CNY 1,957,308,218.78, up from CNY 1,387,977,005.90 year-on-year, reflecting a growth of approximately 41%[73]. - Cash outflow for purchasing goods and services was CNY 1,644,224,020.56, compared to CNY 962,115,528.30 in the previous year, representing a 71% increase[73]. - The net increase in cash and cash equivalents for the quarter was CNY 72,705,495.84, down from CNY 282,825,520.07 in the same period last year[74]. - The company’s cash flow from operating activities was impacted by increased payments to employees, which rose to CNY 192,476,239.46 from CNY 118,474,724.87 year-on-year[73]. Operational Risks and Strategies - The company faced operational risks due to supply chain disruptions caused by the COVID-19 pandemic and material shortages, impacting the demand for its large-size capacitive touch screens[7]. - The company plans to enhance its market share in large-size capacitive touch screens and promote its products in automotive, industrial control, and smart home markets to mitigate risks[7]. - The company will closely monitor exchange rate fluctuations and engage in foreign exchange derivative transactions to manage currency risk[8]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[56]. Research and Development - R&D expenses surged by RMB 38.04 million, a 95.04% increase, reflecting higher investments in new products, technologies, and processes[22]. - Research and development expenses increased to CNY 78,059,900.41 in Q1 2021, up from CNY 40,021,948.32 in Q1 2020, reflecting a rise of approximately 95%[60]. - The company plans to continue investing in R&D and expanding its market presence to drive future growth[60]. Other Financial Metrics - The company reported a decrease in financial expenses, with a net financial cost of CNY -20,635,387.19 in Q1 2021, compared to CNY -25,477,951.15 in Q1 2020[60]. - Other income for Q1 2021 was CNY 6,837,324.53, compared to CNY 4,732,136.36 in Q1 2020, indicating an increase of approximately 44.5%[60]. - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[33][34]. - There were no violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[38][39].

Financial Performance - The company's operating revenue for 2020 was ¥6,751,529,408.36, representing a 40.59% increase compared to ¥4,802,171,361.91 in 2019[41]. - The net profit attributable to shareholders for 2020 was ¥438,097,418.06, a 55.43% increase from ¥281,855,990.95 in 2019[41]. - The net profit after deducting non-recurring gains and losses was ¥384,425,975.19, up 64.73% from ¥233,363,461.28 in 2019[41]. - The basic and diluted earnings per share for 2020 were both ¥0.6207, a 55.45% increase from ¥0.3993 in 2019[41]. - The total assets at the end of 2020 were ¥6,198,151,530.04, a 16.37% increase from ¥5,326,181,898.96 at the end of 2019[41]. - The net assets attributable to shareholders at the end of 2020 were ¥4,417,171,480.05, an 8.95% increase from ¥4,054,289,318.58 at the end of 2019[41]. - The net cash flow from operating activities for 2020 was ¥241,190,120.56, a decrease of 60.86% compared to ¥616,166,411.42 in 2019[41]. - In Q4 2020, the operating revenue reached ¥2,130,423,016.73, contributing to a significant increase in sales compared to previous quarters[46]. - The company reported a gross margin of 15.98% for the electronic components sector, with a year-on-year increase of 0.62%[68]. - The total operating costs for 2020 were CNY 5,659,575,637.22, an increase of 39.54% compared to the previous year[75]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares based on a total share capital of 705,816,160 shares as of December 31, 2020[20]. - The cash dividend in 2020 represented 24.17% of the net profit attributable to ordinary shareholders, which was 438,097,418.06 yuan[148]. - The cash dividend for 2019 was 70,581,616.00 yuan, accounting for 25.04% of the net profit attributable to ordinary shareholders of 281,855,990.95 yuan[148]. - The total distributable profit for the year 2020 was 355,095,138.54 yuan, with the cash dividend accounting for 100% of the profit distribution[149]. Market and Product Development - The company has a focus on developing new technologies and products, particularly in the field of touch screen sensors and displays[25]. - The company focuses on developing new products and technologies, including flexible touch screen sensors and integrated capacitive touch screens, to enhance market competitiveness[28]. - The company aims to increase its market share in mid-to-large size capacitive touch screens, which are the main source of operating profit, despite potential impacts from the COVID-19 pandemic and supply chain disruptions[31]. - The company plans to promote its mid-to-large size capacitive touch screen products in specialized application markets such as automotive, industrial control, and smart home[31]. - The company is focused on expanding its product offerings in the flexible touch screen market, particularly for small-sized screens compatible with foldable displays[28]. - The company has developed new technologies such as ultra-hard AR coatings and invisible metal mesh, which are expected to enhance its competitive edge in the market[60]. - The company plans to invest in R&D for new products, including low-resistance ITO conductive glass and flexible TFT products, to enhance product quality and production efficiency[125]. - The company aims to solidify its market position in commercial laptop touch screens and expand its market share in automotive touch screens[127]. Risks and Challenges - The company faces exchange rate fluctuation risks due to its export trade primarily being settled in USD, which may lead to increased foreign exchange losses[32]. - The company anticipates potential risks from supply chain disruptions and increased competition in the large-sized capacitive touch screen market[130]. - The company faces significant market competition from new display technologies such as LTPS TFT and AMOLED, which may impact its market share in the TFT-LCD panel sector[133]. Research and Development - Research and development expenses increased by 37.57% to ¥273,922,541.82, driven by investments in new products and technologies[87]. - The number of R&D personnel rose by 9.76% to 270, while R&D expenditure as a percentage of operating income was 4.06%[87]. - As of the end of the reporting period, the company had applied for and authorized a total of 323 patents, including 315 in mainland China[61]. Environmental Compliance - The company has established an environmental protection management system and invested nearly 1 million RMB annually in energy-saving measures, resulting in significant cost savings[186]. - The company achieved compliance with all environmental discharge standards, with chemical oxygen demand at 41.3 mg/L against a standard of 300 mg/L[194]. - The company’s wastewater treatment facilities ensure that all wastewater is treated and discharged in compliance with regulations[197]. - The company and its subsidiaries did not experience any major environmental issues or pollution incidents during the reporting period[198]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[19]. - The company appointed Tianjian Accounting Firm as its auditor, with an audit fee of 800,000 RMB and a continuous service period of 2 years[161]. - There were no significant lawsuits or arbitration matters during the reporting period[162]. - The company did not experience any major penalties or rectification issues during the reporting period[163]. - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[165].

Financial Performance - Operating revenue for the period was CNY 1,854,990,918.03, representing a growth of 48.78% year-on-year[8]. - Net profit attributable to shareholders was CNY 83,747,072.46, a decrease of 37.13% compared to the same period last year[8]. - The net profit after deducting non-recurring gains and losses was CNY 67,743,985.68, down 43.07% year-on-year[8]. - Basic earnings per share were CNY 0.1187, reflecting a decline of 37.10% compared to the previous year[8]. - The weighted average return on equity was 2.06%, down 1.38% from the previous year[8]. - The total profit for the period was CNY 35,365.66 million, an increase of CNY 9,364.01 million or 36.01% year-on-year, with net profit attributable to shareholders reaching CNY 31,592.32 million, up CNY 8,742.39 million or 38.26%[19]. - The company's net profit for Q3 2020 was ¥89,341,286.17, a decrease of 42.6% from ¥155,850,539.98 in Q3 2019[63]. - The total profit for Q3 2020 was CNY 353,656,554.09, compared to CNY 260,016,426.04 in Q3 2019, indicating an increase of approximately 35.9%[73]. Assets and Liabilities - Total assets reached CNY 6,103,162,051.45, an increase of 14.59% compared to the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 67,583, with the largest shareholder holding 20.84% of the shares[11]. - Total liabilities increased to CNY 1,801,570,727.08 from CNY 1,268,891,933.83, which is an increase of approximately 42.0%[54]. - The company's equity attributable to shareholders reached CNY 4,297,994,006.68, up from CNY 4,054,289,318.58, representing an increase of about 6.0%[56]. - Total liabilities reached ¥495,761,508.78, up 152.5% from ¥196,162,276.81 at the end of 2019[61]. - Owner's equity totaled approximately CNY 3.29 billion, including CNY 705.82 million in share capital and CNY 206.44 million in undistributed profits[104]. Cash Flow - Cash and cash equivalents at the end of the reporting period increased by CNY 18,300.50 million or 9.56%, attributed to strong sales collections[21]. - Operating cash flow decreased by 278.40 million RMB, a decline of 47.39%, primarily due to increased prepayments for material procurement related to large-size touch screen products[29]. - The total cash inflow from operating activities for the first nine months of 2020 was CNY 4,427,749,266.68, an increase of 22.2% compared to CNY 3,624,213,147.16 in the same period of 2019[80]. - The net cash outflow from operating activities was CNY 309,103,610.84, down 47.4% from CNY 587,506,125.80 in the previous year[82]. - The cash inflow from sales of goods and services was CNY 4,250,325,965.77, compared to CNY 3,480,299,556.30 in the previous year, reflecting a growth of 22.1%[80]. Research and Development - The company’s R&D expenses increased by CNY 3,533.17 million or 27.68% year-on-year, reflecting higher investments in new products, technologies, and processes[25]. - Research and development expenses for Q3 2020 were ¥66,274,667.01, an increase of 39.8% from ¥47,375,354.29 in Q3 2019[63]. - Research and development expenses for Q3 2020 totaled CNY 162,990,155.09, compared to CNY 127,658,406.64 in Q3 2019, marking an increase of about 27.7%[73]. Foreign Exchange and Risks - The company faced significant foreign exchange risks due to its export trade primarily settled in USD, leading to substantial exchange losses[5]. - The company plans to closely monitor exchange rate trends and engage in foreign exchange derivative transactions to mitigate potential losses[5]. - Financial expenses surged by CNY 8,016.99 million or 136.91%, mainly due to exchange losses from the depreciation of the USD against the RMB[25]. Government Support and Subsidies - The company received government subsidies amounting to CNY 18,692,329.30 during the reporting period[10]. Future Outlook - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth opportunities[49].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2020, representing a year-on-year increase of 15%[12]. - The company's operating revenue for the first half of 2020 was CNY 2,766,115,473.60, representing a 26.60% increase compared to CNY 2,185,000,005.01 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached CNY 232,176,138.35, a significant increase of 143.66% from CNY 95,286,037.10 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 219,115,538.04, up 163.85% from CNY 83,046,131.26 in the same period last year[26]. - The company's total assets at the end of the reporting period were CNY 5,669,899,454.15, an increase of 6.45% from CNY 5,326,181,898.96 at the end of the previous year[26]. - The basic earnings per share for the reporting period was CNY 0.3289, a 143.63% increase compared to CNY 0.1350 in the same period last year[26]. - The company achieved operating revenue of CNY 276,611.55 million in the first half of 2020, an increase of CNY 58,111.55 million or 26.60% year-on-year, primarily due to increased sales of large-size capacitive touch screens[47]. - Total profit amounted to CNY 25,497.02 million, representing a year-on-year increase of CNY 15,077.77 million or 144.71%[47]. - Net profit attributable to shareholders was CNY 23,217.61 million, an increase of CNY 13,689.01 million or 143.66% year-on-year, driven by growth in sales and production capacity of large-size capacitive touch screens[47]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2021[12]. - Future guidance indicates a projected revenue growth of 10% for the second half of 2020, driven by increased demand in consumer electronics[12]. - The company plans to enhance its market share in large-size capacitive touch screens and improve production efficiency to mitigate operational risks[17]. - The company plans to enhance its market share in large-size capacitive touch screens and promote its products in automotive, industrial control, and smart home markets to mitigate operational risks[89]. Research and Development - The company has allocated 100 million RMB for R&D in advanced display technologies, focusing on AMOLED and flexible displays[12]. - Research and development expenses increased by 20.47% to CNY 96,715,488.08, driven by higher investments in new products, technologies, and processes[54]. - New product development includes the launch of a flexible touch screen sensor, expected to contribute an additional 200 million RMB in revenue by Q4 2020[12]. - The company has developed new flexible touch screen products, including SFM and SFI structures, with some products beginning mass production in the first half of 2020[40]. - The company holds a leading position in the domestic market for large-size capacitive touch screens, with the only mass production line for fifth-generation touch screens in China[35]. Operational Risks - Operational risks include fluctuations in raw material prices and currency exchange rates, which may impact profitability[12]. - The company faced operational risks due to the impact of the COVID-19 pandemic on global demand for laptops, which could affect market orders for its large-size capacitive touch screens[17]. - The company is exposed to exchange rate risks due to its export trade primarily being settled in USD, which may lead to significant foreign exchange losses if the RMB appreciates sharply against the USD[18]. - The company will closely monitor exchange rate trends and engage in foreign exchange derivative transactions to manage potential foreign exchange losses[18]. Financial Management - The company has no plans for cash dividends or stock bonuses for this fiscal year, focusing instead on reinvestment for growth[12]. - The company did not invest any raised funds during the reporting period, maintaining a cumulative investment of 146,812.46 million RMB[71]. - The total amount of raised funds was 169,970.22 million RMB, with a cumulative investment of 146,812.46 million RMB by the end of the reporting period[71]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[98]. - The company has not made any major penalties or rectifications during the reporting period[101]. Environmental Compliance - The company has established an environmental protection management system and allocated significant resources for continuous improvement in environmental protection and energy conservation[136]. - The company has achieved compliance with all pollutant discharge standards during the reporting period[130]. - There were no significant environmental issues or pollution accidents during the reporting period[131]. - All existing construction projects have obtained environmental impact assessments and approvals as required by national regulations[133]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 51,852[153]. - The largest shareholder, China Energy Conservation and Environmental Protection Group, held 20.84% of the shares, totaling 147,108,123 shares[157]. - The top ten shareholders did not engage in any repurchase transactions during the reporting period[164]. - The actual controller of the company remained unchanged during the reporting period[167].

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,092,557,186.07, representing a 21.32% increase compared to ¥900,529,127.59 in the same period last year[10]. - The net profit attributable to shareholders was ¥67,016,220.99, a significant increase of 733.87% from ¥8,036,789.50 in the previous year[10]. - Basic earnings per share rose to ¥0.0949, up 732.46% from ¥0.0114 in the same period last year[10]. - Total operating revenue for Q1 2020 reached CNY 1,092,557,186.07, an increase of approximately 21.4% compared to CNY 900,529,127.59 in Q1 2019[49]. - The net profit for Q1 2020 reached CNY 67,144,513.65, compared to CNY 8,198,688.41 in Q1 2019, indicating a significant increase of over 718%[53]. - The total profit for Q1 2020 was CNY 79,754,868.98, a significant increase from CNY 11,423,865.57 in Q1 2019, reflecting an increase of about 696%[53]. - The total comprehensive income for Q1 2020 was CNY 68,005,461.97, compared to CNY 7,288,249.59 in Q1 2019, marking an increase of about 831%[55]. Cash Flow - The company reported a net cash flow from operating activities of ¥281,910,912.01, a decrease of 25.79% compared to ¥379,885,614.43 in the previous year[10]. - The cash flow from operating activities totaled ¥1,106,066,093.89, compared to ¥926,119,237.19 in the previous year, reflecting a 19.4% increase[64]. - The cash inflow from operating activities was ¥175,889,309.06, down from ¥191,836,866.04 in the previous year, a decrease of 8.3%[67]. - The net cash flow from operating activities for Q1 2020 was ¥281,910,912.01, a decrease of 25.8% compared to ¥379,885,614.43 in Q1 2019[64]. - The cash inflow from investment activities was ¥3,248,000.00, up from ¥2,496,000.00 in the previous year, indicating a 30.1% increase[67]. - The net cash flow from investment activities was -¥7,408,846.75, an improvement from -¥32,825,297.97 in Q1 2019[66]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,382,248,685.16, reflecting a 1.05% increase from ¥5,326,181,898.96 at the end of the previous year[10]. - The company's total assets as of March 31, 2020, amounted to CNY 3,520,370,830.71, an increase from CNY 3,488,774,671.79 at the end of 2019[47]. - The total liabilities of the company were CNY 1,256,953,258.06, a decrease from CNY 1,268,891,933.83, showing a reduction of approximately 0.94%[42]. - The company's total liabilities as of March 31, 2020, were CNY 226,648,252.56, compared to CNY 196,162,276.81 at the end of 2019, marking an increase of about 15.6%[49]. - The company's equity remained stable with total equity at CNY 4,125,295,427.10 as of March 31, 2020[42]. Operational Efficiency - The company aims to reduce production costs and improve production efficiency to mitigate the impact of market fluctuations on its operations[6]. - Operating costs rose by CNY 152.31 million, an increase of 19.29%, corresponding to the increase in sales of large-size capacitive touch screen products[20]. - The company's retained earnings increased to CNY 1,072,162,013.66 from CNY 1,005,145,792.67, reflecting a growth of about 6.6%[47]. Research and Development - Research and development expenses for Q1 2020 were CNY 40,021,948.32, compared to CNY 31,227,240.24 in Q1 2019, indicating a growth of approximately 28.1%[51]. - Research and development expenses for Q1 2020 were CNY 6,531,891.71, slightly up from CNY 6,353,201.14 in Q1 2019, indicating a year-over-year increase of about 2.8%[56]. Market Strategy - The company plans to enhance its market share in large-sized integrated capacitive touch screens and promote new technologies and products such as SFM/SFI flexible touch screens and GMF capacitive touch screen modules[6]. - The company is closely monitoring exchange rate trends and will engage in foreign exchange derivative transactions to manage currency risk[7]. - The company has a significant reliance on exports, with a large portion of sales denominated in USD, which exposes it to exchange rate fluctuations[7]. Compliance and Governance - The company has committed to not engaging in similar business activities as its main operations, as per its public offering commitments made in December 2006[25]. - There were no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[33][34]. - The company has maintained its commitments to minority shareholders, ensuring compliance with all promises made[29].

Financial Performance - The company's operating revenue for 2019 was ¥4,802,171,361.91, representing an increase of 8.74% compared to ¥4,416,084,125.93 in 2018[30]. - The net profit attributable to shareholders for 2019 was ¥281,855,990.95, a 25.30% increase from ¥224,947,441.02 in 2018[30]. - The net profit after deducting non-recurring gains and losses was ¥233,363,461.28, up 16.54% from ¥200,238,533.11 in 2018[30]. - The net cash flow from operating activities reached ¥616,166,411.42, a significant increase of 152.86% compared to ¥243,681,897.14 in 2018[30]. - The basic earnings per share for 2019 was ¥0.40, reflecting a 25.00% increase from ¥0.32 in 2018[30]. - The total assets at the end of 2019 were ¥5,326,181,898.96, which is a 9.93% increase from ¥4,845,035,176.21 at the end of 2018[30]. - The weighted average return on equity for 2019 was 7.16%, up from 5.98% in 2018[30]. - The company reported a total net profit of ¥53,356,641.17 in Q4 2019, with a notable decrease from Q3's ¥133,213,312.68 due to foreign exchange losses[38]. - The company received government subsidies amounting to ¥55,244,363.09 in 2019, compared to ¥43,304,096.95 in 2018[40]. - The company has not changed its main business since listing, maintaining its focus on high-tech products[29]. Dividend Policy - The company plans to distribute a cash dividend of 1 RMB per 10 shares based on a total share capital of 705,816,160 shares as of December 31, 2019[9]. - The cash dividend for 2019 represents 25.04% of the net profit attributable to ordinary shareholders, which was 281,855,990.95 RMB[128]. - The cash dividend distribution for 2019 is based on a total share capital of 705,816,160 shares, maintaining the same dividend amount of 70,581,616 RMB, with no stock dividends or capital reserve transfers[126]. - The company has consistently paid cash dividends over the past three years, with the 2017, 2018, and 2019 dividends all being 70,581,616 RMB, reflecting a decreasing payout ratio from 50.09% in 2017 to 25.04% in 2019[128]. - The total distributable profit for 2019 was 206,444,199.62 RMB, with the cash dividend amounting to 100% of the total profit distribution[129]. - The cash dividend was fully distributed by June 6, 2019, ensuring timely returns to shareholders[126]. - The company’s cash dividend policy has been compliant with the regulations and resolutions of the shareholders' meeting[125]. - The independent directors have fulfilled their responsibilities in overseeing the dividend distribution process[125]. Market Strategy and Product Development - The company has developed new products such as OGS and OGM, which enhance touch screen technology and support advanced features like narrow borders and stylus operation[14]. - The company is focusing on expanding its market presence through the development of flexible touch screen sensors and modules, which can support various sizes and structures[14]. - The company aims to leverage its technological advancements to capture a larger share of the growing touch screen market[14]. - The company is focused on research and development to innovate and improve its product lineup, ensuring alignment with market trends and customer needs[14]. - The company is committed to improving product quality and market competitiveness in specialized applications like automotive and smart home[20]. - The company aims to promote new technologies and products such as SFM/SFI flexible touch screens and COF[20]. - The company is exploring opportunities for mergers and acquisitions to enhance its competitive position in the market[12]. - The company focuses on large-size integrated capacitive touch screens and full lamination products as the main source of operating profit[19]. - The company has successfully developed a new generation of integrated black technology for automotive touch screens, expanding its application in various products[48]. - The company has developed and started small-scale sales of new flexible touch screen products using SFM and SFI structures in Q4 2019[48]. Risk Management - The company faces foreign exchange risk due to significant overseas sales, which may increase exchange loss[21]. - The company will monitor exchange rate trends and engage in foreign exchange derivatives to mitigate potential losses[21]. - The company anticipates potential risks from the COVID-19 pandemic affecting global laptop demand, which may impact orders and market performance[113]. - The company will actively monitor exchange rate fluctuations and engage in foreign exchange derivative transactions to mitigate currency risk[118]. Environmental and Social Responsibility - The company has established an environmental protection management system and has invested significantly in energy-saving and emission-reduction initiatives, saving nearly 1 million CNY in electricity costs annually[170]. - The company has implemented a water reuse system to enhance water resource utilization and is committed to reducing environmental impact through advanced technologies[171]. - The company reported no major environmental accidents or significant penalties from government departments during the reporting period[172][173]. - The company is classified as a key pollutant discharge unit and has consistently met pollution discharge standards across various metrics[177]. - The company has maintained a commitment to sustainable development and environmental protection as part of its corporate strategy[170]. - The company and its subsidiary, Chongqing Laibao, have achieved compliance with environmental standards, with all monitored pollutants meeting the required limits[180]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the annual report review[9]. - The company is committed to maintaining high standards of governance and accountability in its financial disclosures[9]. - The company appointed Tianjian Accounting Firm as the new auditor for the 2019 fiscal year, with an audit fee of 800,000 RMB[139]. - There were no significant accounting errors that required retrospective restatement during the reporting period[137]. - The company did not experience any major litigation or arbitration matters during the reporting period[144]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[135]. - The company has not faced any situations that could lead to suspension or termination of listing after the annual report disclosure[143]. - The company has not undergone any bankruptcy reorganization during the reporting period[143]. Research and Development - Research and development expenses increased by 13.14% to ¥199,117,780.32, driven by investments in new products and technologies[69]. - The R&D personnel count decreased slightly by 1.20% to 246, while the proportion of R&D investment to operating revenue rose to 4.15%[72]. - The company is committed to developing new display products such as electronic paper TFT-Array driving substrates and flexible TFT-LCDs to cultivate new business growth points[117]. - The company will continue to invest in R&D for new ITO conductive glass products with low resistance and high uniformity, as well as flexible CF and TFT-Array products[107].

Financial Performance - Operating revenue for the period was ¥1,246,771,493.77, reflecting a growth of 3.44% year-on-year[7] - Net profit attributable to shareholders was ¥133,213,312.68, representing a 13.55% increase compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥118,999,654.66, up by 19.34% year-on-year[7] - Basic earnings per share for the period were ¥0.1887, an increase of 13.54% compared to the previous year[7] - The weighted average return on equity was 3.44%, up from 0.32% in the previous year[7] - Total operating revenue for Q3 2019 reached ¥1,246,771,493.77, an increase from ¥1,205,288,385.18 in Q3 2018, representing a growth of approximately 3.9%[49] - The net profit for the period was ¥207,301,644.36, compared to ¥195,248,041.30 in the previous period, showing an increase of approximately 6.5%[48] - The net profit for Q3 2019 reached CNY 133,500,462.83, representing an increase of 13.5% from CNY 117,589,440.03 in Q3 2018[53] - The total profit for Q3 2019 was CNY 155,823,906.57, compared to CNY 135,730,191.21 in Q3 2018, reflecting an increase of 14.8%[56] - The total profit for the third quarter was CNY 260,016,426.04, up from CNY 196,023,109.41 in the same period last year, indicating a growth of 32.7%[62] Cash Flow - The net cash flow from operating activities was ¥587,506,125.80, showing a significant increase of 109.13%[7] - Cash and cash equivalents increased by CNY 426.37 million, a growth of 28.97%, primarily due to strong sales collections during the reporting period[18] - Cash flow from operating activities generated ¥587,506,125.80, up from ¥280,933,604.42 year-over-year[72] - The company received tax refunds amounting to ¥98,782,816.36, an increase from ¥78,430,930.66 in the previous year[70] - The cash inflow from investment activities totaled ¥2,572,500.00, compared to ¥1,740,956.00 in the previous year[72] - The cash flow from financing activities showed a net outflow of ¥71,410,515.31, improving from a net outflow of ¥179,119,580.84 year-over-year[74] Assets and Liabilities - Total assets at the end of the reporting period reached ¥5,269,730,808.58, an increase of 8.77% compared to the end of the previous year[7] - The total current liabilities increased to CNY 1,087,543,422.29 from CNY 812,073,859.41, representing a rise of around 33.8%[39] - The company's non-current liabilities totaled CNY 178,111,199.46, a decrease from CNY 189,253,137.94, reflecting a decline of about 5.99%[39] - The company's total assets as of September 30, 2019, amounted to ¥3,509,241,593.58, compared to ¥3,436,382,005.24 at the end of 2018, showing an increase of about 2.1%[48] - The total liabilities and equity amounted to ¥5,269,730,808.58 as of September 30, 2019, compared to ¥4,845,035,176.21 at the end of 2018, reflecting an increase of about 8.8%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 56,111, with the largest shareholder holding 20.84% of the shares[10] - The company has maintained a strict adherence to its commitments regarding share transfers, ensuring no more than 25% of shares are transferred during the tenure of key management personnel[31] - The company has not reported any non-operating fund occupation by major shareholders or related parties during the reporting period, ensuring financial integrity[31] Research and Development - R&D expenses increased by CNY 29.38 million, up 29.90%, reflecting higher investments in new products and technologies[21] - Research and development expenses rose to ¥47,375,354.29 in Q3 2019, up from ¥33,984,194.41 in Q3 2018, indicating a significant increase of approximately 39.7%[49] - Research and development expenses for the first nine months totaled CNY 127,658,406.64, up 29.9% from CNY 98,274,476.48 in the previous year[60] Foreign Exchange and Risk Management - The company faces foreign exchange risks due to its export trade primarily settled in USD, with potential impacts on Q4 performance if the RMB appreciates[4] - The company plans to closely monitor exchange rate trends and engage in foreign exchange derivative transactions to mitigate potential losses[4] - The company engaged in foreign exchange derivative transactions, with a total of USD 47 million in swaps completed, generating a profit of CNY 414,071.89[26] Compliance and Governance - The company has committed to not engage in similar business activities as its main operations, ensuring compliance with its initial public offering commitments[29] - The company has engaged in multiple institutional research activities, indicating a proactive approach to investor relations and transparency[32] - The company executed adjustments in financial reporting standards starting from 2019, impacting the financial statements[78] - The company implemented new financial instrument standards starting January 1, 2019, as per the Ministry of Finance and Shenzhen Stock Exchange requirements[88]

Financial Performance - The company's operating revenue for the reporting period was ¥2,185,000,005.01, representing a 12.05% increase compared to ¥1,950,088,692.01 in the same period last year[29]. - Net profit attributable to shareholders was ¥95,286,037.10, a significant increase of 72.62% from ¥55,199,034.04 in the previous year[29]. - The net cash flow from operating activities reached ¥458,724,102.97, marking a substantial increase of 314.30% compared to ¥110,723,772.48 in the same period last year[29]. - Basic and diluted earnings per share were both ¥0.1350, reflecting a 72.63% increase from ¥0.0782 in the previous year[29]. - Total assets at the end of the reporting period were ¥5,073,149,624.10, up 4.71% from ¥4,845,035,176.21 at the end of the previous year[29]. - The company's net assets attributable to shareholders increased to ¥3,866,742,662.20, a 0.65% rise from ¥3,841,954,455.16 at the end of the previous year[29]. - Gross profit reached RMB 283.97 million, reflecting a year-on-year increase of 28.57%[49]. - The company achieved operating revenue of RMB 2,185 million in the first half of 2019, an increase of 12.05% compared to the same period last year, primarily due to increased sales of large-size integrated capacitive touch screens[49]. - The company's cash flow from operating activities was RMB 458.72 million, an increase of RMB 348.00 million compared to the previous year, mainly due to increased sales collections[51]. - Cash and cash equivalents increased by ¥327,674,657.88, a remarkable growth of 706.75% compared to a decrease of ¥54,005,030.84 in the previous year[56]. Risk Factors - The company faces operational risks and exchange rate fluctuation risks, which are detailed in the "Major Risk Warning" section[8]. - The company faces exchange rate risks due to significant export sales denominated in USD, which may lead to substantial foreign exchange losses if the RMB appreciates significantly against the USD[21]. - The company plans to closely monitor exchange rate trends and engage in foreign exchange derivative transactions to mitigate potential losses[21]. - The company faces significant operational risks due to market fluctuations in large-sized integrated capacitive touch screens, which are the main source of operating profit[96]. - The company exports a large portion of its sales in USD, making it vulnerable to exchange rate fluctuations, particularly if the RMB appreciates significantly against the USD[98]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report for the half-year period[7]. - The company has not issued any non-standard audit opinions for the half-year report[7]. - The company has not distributed cash dividends or bonus shares for the half-year period and does not plan to increase capital from reserves[101]. - The company experienced changes in its board of directors, with several members leaving and new members being elected on April 19, 2019[186]. - There were no changes in the controlling shareholder or actual controller during the reporting period[178][179]. Subsidiaries and Investments - The company has a wholly-owned subsidiary, Chongqing Laibo Technology Co., Ltd.[12]. - The company has a controlling subsidiary, Zhejiang Laibo Technology Co., Ltd., formerly known as Zhejiang Jinlai Coating Co., Ltd.[12]. - The company utilized self-raised funds of RMB 359,292,334.76 for the preliminary construction of factory buildings and equipment for integrated capacitive touch screens[84]. - The company is involved in a joint investment with China Energy Conservation and Environmental Protection Group, focusing on CIGS thin-film solar cell production[119]. - The CIGS project management agreement with Chongqing Shenhua was signed on June 11, 2018, with a management fee income of CNY 3,799,905.40 during the reporting period[122]. Research and Development - The company is actively developing new products and technologies, including anti-reflective coatings and anti-glare films, to strengthen its competitive advantage[20]. - The company has developed a new integrated capacitive touch screen product using Metal Mesh technology, which has successfully entered mass production[43]. - Research and development expenses amounted to RMB 80.28 million, representing a 24.88% increase year-on-year, attributed to higher spending on new products and technologies[51]. - The company holds 279 patents as of June 30, 2019, showcasing its strong intellectual property position in the touch screen market[44]. - The company is focusing on expanding its market share in commercial and gaming laptops, as well as the automotive touch screen market[48]. Environmental Compliance - The company ensures compliance with national environmental laws and regulations, achieving standard discharge of pollutants through optimized production processes[144]. - The wastewater treatment facilities at both the Guangming factory and Chongqing Laibao operate efficiently, ensuring that wastewater and exhaust gases meet discharge standards[144]. - The company has implemented an environmental monitoring plan, regularly commissioning third-party testing agencies for wastewater and exhaust gas[149]. - Both companies have obtained ISO 14001 environmental management system certification, demonstrating their commitment to environmental protection and sustainable development[150]. - The company has established a comprehensive environmental protection management system to support ongoing improvements in environmental protection and energy conservation[150]. Market Position and Strategy - The company has a strong market position in the mid-to-high-end ITO conductive glass sector, ranking among the top three in China[38]. - The company operates the only mass production line for fifth-generation (G5) touch screens in China, maintaining a leading position in the mid-to-large size capacitive touch screen market[38]. - The company focuses on integrated capacitive touch screens, which are the main source of operating profit, and market fluctuations may significantly impact performance[19]. - In response to market competition, the company aims to enhance market share for large-sized integrated capacitive touch screens and improve production efficiency and yield rates[20]. - The company is developing new structures such as OGM, SFM/SFI flexible touch screens, and enhancing the promotion of its products in automotive, industrial control, and smart home markets[20].

Financial Performance - The company's operating revenue for Q1 2019 was ¥900,529,127.59, representing a 9.60% increase compared to ¥821,679,055.58 in the same period last year[9] - The net profit attributable to shareholders for Q1 2019 was ¥8,036,789.50, a significant turnaround from a loss of ¥21,337,915.77 in the previous year, marking a 137.66% increase[9] - Basic earnings per share for Q1 2019 were ¥0.0114, compared to a loss of ¥0.0302 in the same period last year, reflecting a 137.75% improvement[9] - The company reported a net profit margin improvement, with net profit for the period not explicitly stated but inferred from revenue and cost changes[55] - The net profit for Q1 2019 was CNY 8,198,688.41, compared to a net loss of CNY 19,728,509.06 in the previous year, indicating a significant turnaround[59] - The total comprehensive income for the quarter was CNY 7,288,249.59, a significant improvement from a loss of CNY 21,959,920.08 in the same period last year[59] Cash Flow and Liquidity - The net cash flow from operating activities increased by 19.95% to ¥379,885,614.43 from ¥316,698,354.47 in the same period last year[9] - Cash and cash equivalents increased by CNY 341.20 million, a rise of 23.19% compared to the beginning of the period, mainly due to the recovery of initial payments[22] - Cash flow from operating activities increased by CNY 63.19 million, mainly due to increased sales collections[25] - Operating cash inflow for Q1 2019 was CNY 1,306,004,851.62, an increase of 10.4% from CNY 1,182,426,169.92 in the same period last year[69] - The net increase in cash and cash equivalents for Q1 2019 was CNY 341,198,996.09, compared to CNY 295,634,840.30 in Q1 2018, showing a growth of 15.4%[70] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,805,263,301.59, a slight decrease of 0.82% from ¥4,845,035,176.21 at the end of the previous year[9] - Total liabilities decreased to ¥954,266,873.14 from ¥1,001,326,997.35, indicating a reduction of approximately 4.7%[46] - The company's current liabilities totaled ¥768,709,054.88, down from ¥812,073,859.41, representing a decrease of about 5.3%[46] - The company's non-current assets amounted to ¥1,540,760,642.76, slightly down from ¥1,557,331,277.45, reflecting a decrease of approximately 1.1%[44] - The total liabilities of the company were CNY 1,001,326,997.35, with current liabilities totaling CNY 812,073,859.41[77] Research and Development - R&D expenses increased by CNY 9.95 million, a rise of 46.74%, due to increased investment in new products and technologies[23] - Research and development expenses increased to ¥31,227,240.24 in Q1 2019, compared to ¥21,281,206.94 in Q1 2018, marking a growth of 46.9%[55] - Laibao is investing in R&D for new technologies, with a budget allocation of 5 million RMB aimed at enhancing product features and performance[88] Market and Strategic Initiatives - The company plans to provide guarantees for its wholly-owned subsidiary, Chongqing Laibao, totaling up to CNY 300 million for the 2019-2020 period[27] - The company plans to enter two new international markets by the end of 2019, targeting a market share increase of 10% in these regions[88] - Laibao is exploring potential acquisition opportunities to enhance its product portfolio and market presence, with a focus on companies in the tech sector[88] - The management emphasized the importance of strategic partnerships, aiming to establish at least three new collaborations by the end of the fiscal year[88] Operational Efficiency - Operating costs rose by CNY 71.65 million, an increase of 9.98%, corresponding to the increase in sales of large-size integrated capacitive touch screens[23] - The gross margin for the quarter was reported at 35%, indicating a stable cost structure and efficient operations[88] - The company is also focusing on sustainability initiatives, with plans to reduce production waste by 15% over the next year[88] Shareholder Information - The top ten shareholders include China Energy Conservation and Environmental Protection Group with a 20.84% stake, and Shenzhen Municipal Engineering Group with a 7.36% stake[14] - No repurchase transactions were conducted by the top ten shareholders during the reporting period[19] - The company reported no violations regarding external guarantees during the reporting period[37] Miscellaneous - The company reported government subsidies amounting to ¥7,633,878.59 during the reporting period[11] - The company has initiated arbitration regarding equipment procurement disputes, with claims amounting to CNY 61.16 million for Chongqing Laibao[28] - The company engaged in foreign exchange derivative transactions, generating an investment income of CNY 414,071.89 from a total amount of USD 47 million[29]