合力泰科技股份有限公司 2017 年年度报告全文 合力泰科技股份有限公司 2017 年年度报告 2018 年 04 月 1 合力泰科技股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人文开福、主管会计工作负责人陈贵生及会计机构负责人(会计主管人员)肖娟 声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司年度报告中涉及公司未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实 质性承诺，敬请投资者注意投资风险。 公司已在本报告中详细描述可能存在的相关风险，敬请查阅经营情况讨论与分析中关于 公司未来发展可能面临的风险和应对措施的内容。 公司经本次董事会审议通过的利润分配预案为：以 3,128,310,676 为基数，向全体股东每 10 股派发现金红利 0.38 元（含税），送红股 0 股（含税），以资本公积金向全体股东每 10 股 转增 0 股。 2 | 第一节 | 重要提示、目录和释义 ...

[Report Cover and Important Notice](index=1&type=section&id=Section%20I.%20Important%20Notice) This section contains the report cover and the company's important notice regarding the accuracy and completeness of the quarterly report [Important Notice](index=2&type=section&id=Item%20I.%20Important%20Notice) The company's board, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report - Company management declares the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[4](index=4&type=chunk)[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Section%20II.%20Company%20Profile) This section provides an overview of the company's key financial data, performance indicators, and shareholder information [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved strong revenue and net profit growth year-to-date, but net cash flow from operations significantly decreased due to increased working capital needs Key Financial Indicators for Q3 2017 | Indicator | Year-to-Date | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue (RMB) | 10,352,464,499.12 | +34.30% | | Net Profit Attributable to Shareholders (RMB) | 907,784,390.92 | +57.00% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 805,178,841.66 | +53.42% | | Net Cash Flow from Operating Activities (RMB) | -452,721,850.57 | -114.35% | | Basic Earnings Per Share (RMB/share) | 0.2902 | -28.61% | | Weighted Average Return on Net Assets | 9.61% | -0.32% | Key Balance Sheet Data at Period End | Indicator | At Period End | Change from Previous Year-End | | :--- | :--- | :--- | | Total Assets (RMB) | 18,409,108,385.93 | +8.31% | | Net Assets Attributable to Shareholders (RMB) | 9,769,970,708.04 | +8.65% | - Year-to-date non-recurring gains and losses totaled **RMB 102.6 million**, primarily from investment income from acquiring subsidiaries (approximately **RMB 87.92 million**) and government subsidies (approximately **RMB 38.64 million**)[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period%20End) As of the period end, the company had **30,841** common shareholders, with Wen Kaifu as the largest, holding **19.72%**, and acting in concert with several other top shareholders - The total number of common shareholders at the end of the reporting period was **30,841**[12](index=12&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | Pledged/Frozen Status | | :--- | :--- | :--- | :--- | | Wen Kaifu | 19.72% | 616,759,408 | Pledged 380,260,200 shares, Frozen 10,560,000 shares | | BYD Co., Ltd. | 11.45% | 358,255,450 | - | | Zeng Li | 3.52% | 110,071,810 | Pledged 93,800,000 shares | | Wang Yiming | 3.26% | 101,837,032 | - | | Chen Yun | 3.07% | 95,947,130 | Pledged 76,574,400 shares | - Among the top ten shareholders, Wen Kaifu, Zeng Li, Chen Yun, Taihe County Xingjian Investment Co., Ltd., Ma Juane, and Taihe County Yitai Investment Co., Ltd. are parties acting in concert[13](index=13&type=chunk) [Significant Matters](index=6&type=section&id=Section%20III.%20Significant%20Matters) This section details significant financial data changes, fulfillment of commitments, performance forecasts, and investor relations activities [Analysis of Major Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Major%20Financial%20Data%20and%20Indicators%20During%20the%20Reporting%20Period) Significant financial data changes reflect accelerated business expansion and external investments, with notable increases in assets and shifts in liability settlement methods - Accounts receivable increased by **53.91%** year-on-year, primarily due to significant sales revenue growth and a shift in customer structure towards large, creditworthy clients[17](index=17&type=chunk) - Long-term equity investments increased by **2209.15%** year-on-year, mainly due to investments in Zhuhai Guangyu and the acquisition of Lanpei Technology, leading to changes in the scope of consolidation[17](index=17&type=chunk) - Construction in progress increased by **62.38%** year-on-year, primarily due to increased equipment investments in projects such as cameras, 3D cover glass, and fingerprint recognition modules[17](index=17&type=chunk) - Cash paid for investments increased by **780.11%** year-on-year, primarily for equity payments to acquire Zhuhai Chenxin, Lanpei Technology, and Zhuhai Guangyu[18](index=18&type=chunk) [Commitments and Their Fulfillment](index=8&type=section&id=III.%20Unfulfilled%20Commitments%20by%20the%20Company%27s%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20Other%20Committed%20Parties%20During%20the%20Reporting%20Period) The report details various commitments from past asset restructurings and financing, including share lock-ups and performance compensation, all of which are being fulfilled normally with no overdue items - BYD Co., Ltd. committed that its components company's net profit (excluding non-recurring items) for 2015-2017 must be no less than **RMB 226 million**, **RMB 237 million**, and **RMB 251 million** respectively, with any shortfall to be compensated[21](index=21&type=chunk) - All shareholders of Yejiguangdian committed that Yejiguangdian's net profit (excluding non-recurring items) for 2015-2017 must be no less than **RMB 67 million**, **RMB 90 million**, and **RMB 116 million** respectively, with any shortfall to be compensated[22](index=22&type=chunk) - All shareholders of Pingbo Electronics committed that Pingbo Electronics' net profit (excluding non-recurring items) for 2015-2017 must be no less than **RMB 25 million**, **RMB 30 million**, and **RMB 35 million** respectively, with any shortfall to be compensated[23](index=23&type=chunk) - During the reporting period, the company and relevant committed parties fulfilled all commitments made in asset restructurings, financing activities, including share lock-ups, performance compensation, avoidance of horizontal competition, and related-party transactions, on time[41](index=41&type=chunk) [2017 Annual Operating Performance Forecast](index=29&type=section&id=IV.%20Forecast%20of%202017%20Annual%20Operating%20Performance) The company forecasts significant net profit growth for 2017, driven by new project commissioning, capacity release, and efficiency improvements from internal integration 2017 Annual Performance Forecast | Indicator | Forecast Range | | :--- | :--- | | Change in Net Profit Attributable to Shareholders | 48.78% to 65.94% | | Net Profit Attributable to Shareholders (RMB 10,000) | 130,000 to 145,000 | - Key reasons for performance growth include: 1. Gradual commissioning of new projects (cameras, e-paper, biometric identification) and capacity release; 2. Internal integration optimizing supply chain, product, and customer structures[42](index=42&type=chunk) [Other Significant Matters](index=29&type=section&id=V.%20Financial%20Assets%20Measured%20at%20Fair%20Value) During the reporting period, the company had no financial assets measured at fair value, no irregular external guarantees, and no non-operating fund occupation by controlling shareholders - The company had no financial assets measured at fair value during the reporting period[43](index=43&type=chunk) - The company had no irregular external guarantees during the reporting period[43](index=43&type=chunk) - There was no non-operating fund occupation by controlling shareholders or their related parties of the listed company during the reporting period[44](index=44&type=chunk) [Investor Relations Activities](index=30&type=section&id=VIII.%20Registration%20Form%20for%20Investor%20Research%2C%20Communication%2C%20and%20Interview%20Activities%20During%20the%20Reporting%20Period) The company actively engaged with investors in Q3 2017, conducting **5** on-site institutional research activities and promptly disclosing relevant records - The company hosted **5** on-site institutional investor research visits in August and September 2017[45](index=45&type=chunk)

合力泰科技股份有限公司 2017 年半年度报告全文 合力泰科技股份有限公司 2017 年半年度报告 2017 年 08 月 1 合力泰科技股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人文开福、主管会计工作负责人陈贵生及会计机构负责人(会计主管人员)肖娟 声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投资者应 当对此保持足够的风险认识，注意投资风险。有关风险因素内容与对策措施已在本报告中"第 四节经营情况讨论与分析 十、公司面临的风险和应对措施"部分予以描述。敬请广大投资者 注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要财务指标 6 | | 第三节 | 公司业务概要 9 | | ...

1 合力泰科技股份有限公司 2017 年第一季度报告正文 证券代码：002217 证券简称：合力泰 公告编号：2017-043 合力泰科技股份有限公司 2017 年第一季度报告正文 公司负责人文开福、主管会计工作负责人陈贵生及会计机构负责人(会计主管人员)肖娟 声明：保证季度报告中财务报表的真实、准确、完整。 合力泰科技股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 2 合力泰科技股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 所有董事均已出席了审议本次季报的董事会会议。 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 2,396,763,786.22 | 1,690,100,298.28 | 41.81% | | 归属于上市 ...

合力泰科技股份有限公司 2016 年年度报告全文 合力泰科技股份有限公司 2016 年年度报告 2017 年 04 月 1 合力泰科技股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人文开福、主管会计工作负责人陈贵生及会计机构负责人(会计主管人员)肖娟 声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司年度报告中涉及公司未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实 质性承诺，敬请投资者注意投资风险。 公司已在本报告中详细描述可能存在的相关风险，敬请查阅经营情况讨论与分析中关于 公司未来发展可能面临的风险和应对措施的内容。 公司经本次董事会审议通过的利润分配预案为：以 1,564,155,338 为基数，向全体股东每 10 股派发现金红利 0.84 元（含税），送红股 0 股（含税），以资本公积金向全体股东每 10 股 转增 10 股。 2 | 第一节 | 重要提示、目录和释 ...

[Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) This section contains important declarations from management regarding the report's accuracy and financial data integrity [Management Statement](index=2&type=section&id=%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E4%BC%9A%E3%80%81%E7%9B%91%E4%BA%8B%E4%BC%9A%E5%8F%8A%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E4%BF%9D%E8%AF%81%E5%AD%A3%E5%BA%A6%E6%8A%A5%E5%91%8A%E5%86%85%E5%AE%B9%E7%9A%84%E7%9C%9F%E5%AE%9E%E3%80%81%E5%87%86%E7%A1%AE%E3%80%81%E5%AE%8C%E6%95%B4) The company's board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness - The company's board of directors, supervisory board, and all senior executives guarantee the truthfulness, accuracy, and completeness of the report content and assume corresponding legal responsibilities[4](index=4&type=chunk) - Company head Wen Kaifu, chief accountant Chen Guisheng, and head of accounting department Xiao Juan declare the truthfulness, accuracy, and completeness of the financial statements[5](index=5&type=chunk) [Major Financial Data and Shareholder Changes](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%8F%8A%E8%82%A1%E4%B8%9C%E5%8F%98%E5%8C%96) This section details the company's key financial performance indicators and significant changes in shareholder structure [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved strong Q3 2016 performance, with revenue up **166.56%** to **RMB 7.71 billion** and net profit up **235.18%** Key Financial Indicators for Q3 2016 | Indicator | Year-to-Date as of Reporting Period End | Year-to-Date Change vs. Prior Year (%) | | :--- | :--- | :--- | | Operating Revenue (RMB) | 7,708,301,998.73 | 166.56% | | Net Profit Attributable to Listed Company Shareholders (RMB) | 578,205,532.63 | 235.18% | | Net Cash Flow from Operating Activities (RMB) | -211,208,284.98 | -187.02% | | Basic Earnings Per Share (RMB/share) | 0.4065 | 155.02% | | Weighted Average Return on Net Assets | 9.93% | 0.91% | | **Indicator** | **As of Reporting Period End** | **Change vs. Prior Year-End (%)** | | Total Assets (RMB) | 12,315,038,404.91 | 34.52% | | Net Assets Attributable to Listed Company Shareholders (RMB) | 6,085,406,847.80 | 10.03% | Non-Recurring Gains and Losses | Item | Year-to-Date Amount as of Reporting Period End (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -3,354,815.55 | | Government Grants Included in Current Profit/Loss | 51,875,648.59 | | Other Non-Operating Income and Expenses | 14,439,907.16 | | Less: Income Tax Impact | 9,584,652.64 | | **Total** | **53,376,087.56** | [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of period-end, the company had **30,224 common shareholders**, with controlling shareholder Wen Kaifu holding **21.68%** - As of the end of the reporting period, the company had **30,224 common shareholders**[11](index=11&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Holding Percentage | Number of Shares | | :--- | :--- | :--- | :--- | | Wen Kaifu | Domestic Natural Person | 21.68% | 308,379,704 | | BYD Company Limited | Domestic Non-State-Owned Legal Person | 12.59% | 179,127,725 | | Zeng Li | Domestic Natural Person | 4.01% | 57,095,255 | | Chen Yun | Domestic Natural Person | 3.68% | 52,337,265 | | Wang Yiming | Domestic Natural Person | 3.66% | 52,087,927 | - Among the top ten shareholders, Wen Kaifu, Zeng Li, Chen Yun, Taihe County Xingjian Investment Co Ltd, Ma Juane, and Taihe County Yitai Investment Co Ltd are parties acting in concert[12](index=12&type=chunk) [Significant Matters](index=6&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section covers major financial item changes, progress on key initiatives, fulfillment of commitments, and future performance forecasts [Analysis of Major Financial Item Changes](index=6&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Significant financial changes are due to expanded consolidation from acquisitions and optimized resource integration, boosting revenue and costs - Major financial data changes are primarily attributed to the expanded scope of consolidation from restructuring acquisitions and significant sales revenue growth due to internal resource integration[15](index=15&type=chunk) Changes in Major Accounting Items and Their Reasons | Item | Change Rate (%) | Main Reason | | :--- | :--- | :--- | | Prepayments | 245.78% | Increased prepayments for scarce raw materials (e.g., TFT white glass, IC) due to sales growth | | Long-term Borrowings | 1872.96% | Increased funding needs for production line construction and expanded sales, leading to higher bank borrowings | | Operating Revenue | 166.56% | Expanded consolidation scope and optimized resource integration resulted in significant sales revenue growth | | Administrative Expenses | 156.32% | Expanded consolidation scope, increased sales scale, and higher R&D investment | | Cash Paid for Acquisition of Fixed Assets and Other Assets | 273.75% | Jiangxi Holitech invested in new production lines (e.g., camera modules, fingerprint recognition modules) | [Progress of Significant Matters](index=7&type=section&id=%E4%BA%8C%E3%80%81%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) The company is advancing two significant financing plans: a proposed **RMB 800 million** bond issuance and a **RMB 2.642 billion** stock offering - The company plans to publicly issue corporate bonds not exceeding **RMB 800 million** with a term of no more than three years[17](index=17&type=chunk) - The company's non-public stock offering application has been approved by the CSRC, aiming to raise up to **RMB 2.642 billion** for smart terminal modules, biometric modules, e-paper modules, and working capital supplementation[17](index=17&type=chunk) [Fulfillment of Commitments](index=8&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%88%96%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%AB%E5%B0%9A%E6%9C%AA%E5%81%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The report details the company's, shareholders', and related parties' commitments from past reorganizations and financings, all strictly fulfilled - During the asset restructuring, relevant parties, including Wen Kaifu and his parties acting in concert, made share lock-up commitments for a 36-month period, which are currently being fulfilled[20](index=20&type=chunk) - Wen Kaifu and his parties acting in concert committed to Holitech's performance for 2014-2016, with detailed compensation arrangements for any shortfall via shares or cash[20](index=20&type=chunk)[21](index=21&type=chunk) - BYD Company Limited, Yeji Optoelectronics shareholders, and Pingbo Electronics shareholders all made performance commitments and compensation arrangements for 2015-2017 upon acquisition, which are currently being fulfilled[29](index=29&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) [2016 Annual Operating Performance Forecast](index=24&type=section&id=%E5%9B%9B%E3%80%81%E5%AF%B9%202016%20%E5%B9%B4%E5%BA%A6%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company forecasts 2016 net profit attributable to shareholders to range from **RMB 780 million to RMB 845 million**, driven by expanded consolidation and integration 2016 Net Profit Forecast | Item | Data | | :--- | :--- | | Estimated Net Profit Change Range | 257.62% to 287.43% | | Estimated Net Profit Range (RMB) | 780,000,000 to 845,000,000 | | 2015 Net Profit (RMB) | 218,105,800 | - Significant performance growth is attributed to changes in consolidation scope, including full-year results from Bupinjian, Yeji Optoelectronics, and Pingbo Electronics, alongside optimized internal resource allocation and substantial increases in sales revenue and profit[37](index=37&type=chunk)[38](index=38&type=chunk) [Financial Assets Measured at Fair Value](index=25&type=section&id=%E4%BA%94%E3%80%81%E4%BB%A5%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E8%AE%A1%E9%87%8F%E7%9A%84%E9%87%91%E8%9E%8D%E8%B5%84%E4%BA%A7) The company did not hold any financial assets measured at fair value during the reporting period - The company had no financial assets measured at fair value during the reporting period[39](index=39&type=chunk) [Irregular External Guarantees](index=25&type=section&id=%E5%85%AD%E3%80%81%E8%BF%9D%E8%A7%84%E5%AF%B9%E5%A4%96%E6%8B%85%E4%BF%9D%E6%83%85%E5%86%B5) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[39](index=39&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholder](index=25&type=section&id=%E4%B8%83%E3%80%81%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%8F%8A%E5%85%B6%E5%85%B3%E8%81%94%E6%96%B9%E5%AF%B9%E4%B8%8A%E5%B8%82%E5%85%AC%E5%8F%B8%E7%9A%84%E9%9D%9E%E7%BB%8F%E8%90%A5%E6%80%A7%E5%8D%A0%E7%94%A8%E8%B5%84%E9%87%91%E6%83%85%E5%86%B5) A **RMB 2 million** non-operating fund occupation by the controlling shareholder was fully repaid during the period Non-Operating Fund Occupation (RMB '0000) | Occupying Party | Beginning Balance | New Additions During Reporting Period | Repaid During Reporting Period | Ending Balance | | :--- | :--- | :--- | :--- | :--- | | United Chemical Restructuring Transaction Counterparty | 200 | 0 | 200 | 0 | [Investor Relations Activities](index=26&type=section&id=%E5%85%AB%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%8E%A5%E5%BE%85%E8%B0%83%E7%A0%94%E3%80%81%E6%B2%9F%E9%80%9A%E3%80%81%E9%87%87%E8%AE%BF%E7%AD%89%E6%B4%BB%E5%8A%A8%E7%99%BB%E8%AE%B0%E8%A1%A8) The company did not engage in any investor relations activities such as research visits, communications, or interviews - The company did not conduct any investor research visits, communications, or interviews during the reporting period[42](index=42&type=chunk)

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides critical disclaimers, the report's structure, and definitions of key terms for clarity [Important Notice](index=2&type=section&id=%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Supervisory Committee, and all senior executives guarantee the report's accuracy and completeness, with no plans for cash dividends or share transfers - Company management ensures the report's content is **true, accurate, and complete**, assuming corresponding legal responsibilities[4](index=4&type=chunk) - The company's 2016 semi-annual profit distribution plan proposes **no cash dividends, bonus shares, or capital increase from capital reserves**[6](index=6&type=chunk) [Definitions](index=4&type=section&id=%E9%87%8A%E4%B9%89) This chapter defines key terms used in the report, including company abbreviations, technical terms, and major restructuring events, providing a foundational understanding - The report defines abbreviations for major subsidiaries within the company system, such as Jiangxi Holitech, Component Company, and Yeji Optoelectronics[10](index=10&type=chunk) - Core technologies and products related to the main business, such as Touch Panel (TP), Liquid Crystal Module (LCM), and Touch Display Integrated Module (TLI), are explained in detail[10](index=10&type=chunk) - The specific contents of the "2014 Restructuring" and "2015 Restructuring" are clarified, highlighting these as key events in the company's business expansion and structural changes[10](index=10&type=chunk)[11](index=11&type=chunk) [Company Profile](index=6&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B) This section outlines the company's fundamental information, including stock details, full names, legal representative, and contact methods [Company Basic Information](index=6&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This chapter provides basic information for Holitech Technology Co., Ltd., including its stock ticker "Holitech", code "002217", full names, legal representative, and contact details, noting no changes during the reporting period | Item | Information | | :--- | :--- | | **Stock Abbreviation** | Holitech | | **Stock Code** | 002217 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Chinese Name** | 合力泰科技股份有限公司 | | **Legal Representative** | Wen Kaifu | - During the reporting period, there were no changes to the company's registered address, office address, website, email, or information disclosure channels[16](index=16&type=chunk)[17](index=17&type=chunk)[18](index=18&type=chunk) [Summary of Accounting Data and Financial Indicators](index=8&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E6%91%98%E8%A6%81) This section presents a concise overview of the company's key financial performance and position [Key Accounting Data and Financial Indicators](index=8&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In the first half of 2016, the company achieved rapid performance growth, with operating revenue increasing by **178.86% to CNY 4.92 billion**, net profit attributable to shareholders rising by **215.40% to CNY 311.35 million**, and total assets growing by **12.67%** from the prior year-end | Indicator | Current Reporting Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (CNY)** | 4,915,585,869.90 | 1,762,757,106.81 | 178.86% | | **Net Profit Attributable to Shareholders of the Listed Company (CNY)** | 311,346,115.46 | 98,714,442.90 | 215.40% | | **Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses (CNY)** | 287,986,324.90 | 73,082,305.15 | 294.06% | | **Net Cash Flow from Operating Activities (CNY)** | 109,990,717.40 | 106,011,759.56 | 3.75% | | **Basic Earnings Per Share (CNY/share)** | 0.2189 | 0.0913 | 139.76% | | **Total Assets (CNY)** | 10,314,424,523.01 | 9,154,653,463.77 (End of Prior Year) | 12.67% | | **Net Assets Attributable to Shareholders of the Listed Company (CNY)** | 5,817,324,463.55 | 5,530,649,603.56 (End of Prior Year) | 5.18% | - During the reporting period, the company's total non-recurring gains and losses amounted to **CNY 23.36 million**, primarily from **CNY 28.49 million** in government subsidies[26](index=26&type=chunk) [Board of Directors' Report](index=10&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E8%91%A3%E4%BA%8B%E4%BC%9A%E6%8A%A5%E5%91%8A) This section details the company's operational performance, strategic initiatives, and financial outlook as reported by the Board [Overview of Operations](index=10&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) During the reporting period, the company achieved significant performance improvement through internal integration and resource optimization, with operating revenue and net profit both increasing by over **170%** year-on-year, while new products like IN-CELL modules and fingerprint recognition entered mass production, and strategic acquisitions continued | Indicator | Amount (CNY ten thousand) | Year-on-Year Growth | | :--- | :--- | :--- | | **Operating Revenue** | 491,558.59 | 178.86% | | **Total Profit** | 35,594.29 | 189.28% | | **Net Profit** | 31,111.03 | 216.26% | | **Net Profit Attributable to Parent Company** | 31,134.61 | 215.40% | - Strong internal growth drivers include the mass production of new businesses such as IN-CELL modules, e-paper modules, camera modules, cover glass, and fingerprint recognition modules[29](index=29&type=chunk) - External mergers and acquisitions continue, with the company proposing to acquire **100% equity in Zhuhai Chenxin Technology Co., Ltd.** using its own funds to enhance synergy with existing businesses[30](index=30&type=chunk) [Analysis of Main Business](index=10&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's key financial data saw substantial year-on-year growth, driven by an expanded consolidation scope and increased sales, with R&D investment significantly rising by **285.22%** for new projects, and profit sources shifting due to the merger of three new subsidiaries | Item | Current Reporting Period (CNY) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 4,915,585,869.90 | 178.86% | Expanded consolidation scope and increased sales volume | | **Operating Cost** | 4,165,473,903.45 | 183.11% | Increased with revenue growth | | **Administrative Expenses** | 297,429,386.85 | 152.49% | Expanded consolidation scope and new R&D investment | | **R&D Investment** | 151,854,858.81 | 285.22% | New R&D projects for dual cameras, IN-CELL, e-paper, etc | | **Net Cash Flow from Financing Activities** | -49,445,867.12 | -137.24% | Repayment of loans from Xingjian Investment and Yitai Investment | - The composition of profit significantly changed during the reporting period, primarily due to the new consolidation of three companies: Component Company, Yeji Optoelectronics, and Pingbo Electronics[33](index=33&type=chunk) - The company's actual profitability met expectations, with actual profit of **CNY 311.35 million** within the **CNY 290 million to CNY 315 million** forecast range disclosed in the first quarter[34](index=34&type=chunk) [Composition of Main Business](index=11&type=section&id=%E4%B8%89%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%9E%84%E6%88%90%E6%83%85%E5%86%B5) The company's main business comprises the touch display and chemical industries, with touch display being the primary revenue and profit driver, growing by **252.17%** year-on-year and accounting for approximately **92.4%** of total revenue, while new product lines like fingerprint recognition and e-paper contribute additional income Main Business Composition (by Industry) | Industry | Operating Revenue (CNY) | Year-on-Year Change in Operating Revenue | Gross Margin | | :--- | :--- | :--- | :--- | | **Touch Display Industry** | 4,544,780,398.85 | 252.17% | 15.22% | | **Chemical Industry** | 370,805,471.05 | -21.48% | 15.77% | Main Business Composition (by Major Product) | Product | Operating Revenue (CNY) | Year-on-Year Change in Operating Revenue | | :--- | :--- | :--- | | **CTP - Capacitive Touch Panel** | 1,733,816,663.39 | 304.70% | | **Seamless Lamination Touch Display Integrated Module** | 1,553,257,682.26 | 295.21% | | **FPC** | 437,327,594.92 | - | | **Camera Module** | 148,600,493.76 | - | | **H-INK E-Paper** | 39,102,504.16 | - | | **Fingerprint Recognition Module** | 27,749,894.58 | - | Main Business Composition (by Region) | Region | Operating Revenue (CNY) | Year-on-Year Change in Operating Revenue | | :--- | :--- | :--- | | **South China Region** | 2,640,420,326.42 | 178.02% | | **International** | 1,435,804,981.69 | 462.88% | [Analysis of Core Competencies](index=12&type=section&id=%E5%9B%9B%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies encompass one-stop service, cost control, customer resources, market share, R&D, and management, enabling it to offer comprehensive products, optimize costs, secure top-tier clients, and maintain a leading position in emerging markets with extensive patent technology - **One-stop service capability**: The company is a leading domestic one-stop service provider for smart terminal core components, covering the entire industry chain including touch screens, display modules, camera modules, and fingerprint recognition, while actively developing a smart retail ecosystem[38](index=38&type=chunk)[39](index=39&type=chunk) - **Leading cost control capability**: Through three-stage cost control (R&D, production, accounting), combined with the low-cost advantage of its Jiangxi production base and economies of scale in procurement, the company effectively optimizes its cost structure[40](index=40&type=chunk)[41](index=41&type=chunk)[43](index=43&type=chunk) - **First-class domestic and international customer resources**: The company has established strong cooperative relationships with industry leaders such as Samsung, Huawei, OPPO, VIVO, LeEco, and Microsoft, providing stable orders and growth momentum[43](index=43&type=chunk) - **Leading R&D and technical strength**: The company holds over **600 patent technologies**, with several subsidiaries recognized as "National High-tech Enterprises" and a postdoctoral research workstation established[45](index=45&type=chunk) [Analysis of Investment Status](index=15&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company invested **CNY 9.8 million** in Beijing Maifeng Network Technology Co., Ltd., and its two non-public offerings' raised funds were primarily used for touch display module projects and subsidiary acquisitions, all achieving expected benefits with no other significant investments - During the reporting period, the company made an external investment of **CNY 9.8 million** to acquire **49%** equity in Beijing Maifeng Network Technology Co., Ltd., which primarily engages in electronic product sales and internet information services[48](index=48&type=chunk) - The first non-public offering raised a total of **CNY 311 million**, with **CNY 311 million** cumulatively invested, mainly in seamless lamination touch display integrated module and touch screen cover glass projects, which are completed and have achieved expected benefits[56](index=56&type=chunk)[61](index=61&type=chunk) - The second non-public offering raised a total of **CNY 884 million**, with **CNY 884 million** cumulatively invested, primarily for acquiring equity in Component Company, Yeji Optoelectronics, and Pingbo Electronics, with projects completed and achieving expected benefits[58](index=58&type=chunk)[64](index=64&type=chunk) [Forecast of Operating Performance for January-September 2016](index=21&type=section&id=%E5%85%AD%E3%80%81%E5%AF%B9%202016%20%E5%B9%B4%201-9%20%E6%9C%88%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company anticipates a significant increase in net profit attributable to shareholders for January-September 2016, projected to range from **CNY 535 million to CNY 585 million**, representing a **210.14% to 239.12%** year-on-year growth, primarily due to expanded consolidation and internal optimization | Item | Forecast Data | | :--- | :--- | | **Forecast Period** | January-September 2016 | | **Net Profit Attributable to Parent Company Change Range (CNY ten thousand)** | 53,500 to 58,500 | | **Net Profit Attributable to Parent Company Change Rate** | 210.14% to 239.12% | | **Net Profit Attributable to Parent Company in Prior Year Period (CNY ten thousand)** | 17,250.54 | - The significant performance growth is attributed to two main reasons: first, changes in the consolidation scope, adding the performance of Component Company, Yeji Optoelectronics, and Pingbo Electronics; second, the company's internal integration and optimized resource allocation, driving year-on-year growth in sales revenue and profit[71](index=71&type=chunk) [Significant Events](index=24&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details major corporate actions and transactions during the reporting period [Asset Transactions](index=24&type=section&id=%E4%BA%94%E3%80%81%E8%B5%84%E4%BA%A7%E4%BA%A4%E6%98%93%E4%BA%8B%E9%A1%B9) During the reporting period, the company proposed to acquire **100%** equity in Zhuhai Chenxin Technology Co., Ltd. from Baoden (Hong Kong) Co., Ltd. for **CNY 101 million**, a transaction approved by the board with no impact on current operations or profit and loss, and no other asset sales or mergers occurred | Counterparty | Acquired Asset | Transaction Price (CNY ten thousand) | Progress | | :--- | :--- | :--- | :--- | | Baoden (Hong Kong) Co., Ltd. | Zhuhai Chenxin Technology Co., Ltd. | 10,100 | Board of Directors' approval | [Significant Related Party Transactions](index=25&type=section&id=%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company engaged in significant daily operating related party transactions with BYD Company Limited and its affiliates, including **CNY 558 million** in raw material purchases and **CNY 662 million** in product sales, while also managing non-operating related party receivables and payables Daily Operating Related Party Transactions with BYD | Transacting Party | Transaction Type | Transaction Content | Transaction Amount (CNY ten thousand) | Percentage of Similar Transactions | | :--- | :--- | :--- | :--- | :--- | | BYD Company Limited and its Affiliates | Procurement | Purchase of raw materials, goods | 55,833.47 | 35.04% | | BYD Company Limited and its Affiliates | Sales | Sale of products, goods | 66,159.30 | 43.17% | - The company has non-operating related party receivables and payables; initial receivables from related parties, mainly profit compensation and loans, were fully recovered during the reporting period, while year-end receivables from related parties, primarily operating payables with BYD, amounted to **CNY 303 million**[92](index=92&type=chunk) [Significant Contracts and Their Performance](index=28&type=section&id=%E5%85%AB%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company and its subsidiaries provided substantial guarantees to meet operational funding needs, with the total actual guarantee balance for subsidiaries reaching **CNY 2.12 billion** and inter-subsidiary guarantees at **CNY 185 million**, representing **39.63%** of the company's net assets, all within the consolidated scope and compliant | Guarantee Type | Approved Guarantee Limit at End of Reporting Period (CNY ten thousand) | Actual Guarantee Balance at End of Reporting Period (CNY ten thousand) | | :--- | :--- | :--- | | **Company Guarantees to Subsidiaries** | 328,494 | 212,030 | | **Subsidiary Guarantees to Subsidiaries** | 22,500 | 18,500 | | **Total** | 350,994 | 230,530 | - At the end of the reporting period, the company's total actual guarantee amount represented **39.63%** of its net assets[102](index=102&type=chunk) [Commitments by the Company or Shareholders Holding 5% or More of Shares During or Continuing into the Reporting Period](index=31&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%88%96%E6%8C%81%E8%82%A1%205%25%20%E4%BB%A5%E4%B8%8A%E8%82%A1%E4%B8%9C%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%8F%91%E7%94%9F%E6%88%96%E4%BB%A5%E5%89%8D%E6%9C%9F%E9%97%B4%E5%8F%91%E7%94%9F%E4%BD%86%E6%8C%81%E7%BB%AD%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) This chapter details various commitments made by relevant parties during past asset restructurings and refinancing, including share lock-up, performance guarantees with compensation mechanisms, and pledges to ensure the listed company's independence and regulate related party transactions, all of which are being strictly fulfilled - In the two major asset restructurings of 2014 and 2015, the transaction counterparties, including Wen Kaifu and BYD Company Limited, made **share lock-up commitments** with lock-up periods ranging from **12 to 36 months**[107](index=107&type=chunk)[114](index=114&type=chunk)[115](index=115&type=chunk) - Restructuring transaction counterparties made **performance commitments** for the target assets (Holitech, Component Company, Yeji Optoelectronics, Pingbo Electronics) for varying periods from 2014-2017, with detailed compensation mechanisms, and these commitments remain in effect during the reporting period[107](index=107&type=chunk)[118](index=118&type=chunk)[120](index=120&type=chunk)[121](index=121&type=chunk) - The controlling shareholder and actual controller made long-term commitments to ensure the listed company's **independence** in assets, personnel, finance, organization, and business, as well as to **avoid horizontal competition** and **regulate related party transactions**[109](index=109&type=chunk)[110](index=110&type=chunk)[111](index=111&type=chunk) [Changes in Share Capital and Shareholder Information](index=52&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details the company's share capital movements and shareholder structure [Changes in Share Capital](index=52&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, the company's total share capital of **1.42 billion shares** remained unchanged, with minor shifts in share structure due to executive share lock-up and unlocking, resulting in a decrease of approximately **8.99 million restricted shares** and a corresponding increase in unrestricted shares | Share Class | Before This Change (shares) | After This Change (shares) | Change (shares) | | :--- | :--- | :--- | :--- | | **Restricted Shares** | 1,046,891,869 | 1,037,906,810 | -8,985,059 | | **Unrestricted Shares** | 375,582,343 | 384,567,402 | +8,985,059 | | **Total Share Capital** | 1,422,474,212 | 1,422,474,212 | 0 | - Share changes primarily stemmed from executive share movements: Chairman Wen Kaifu's increased holdings led to an increase of **375,000 restricted shares**; Vice Chairman Wang Yiming and Supervisory Board Chairman Wang Chongde's restricted shares decreased by **8.86 million shares** and **354,000 shares**, respectively, due to scheduled unlocking of executive-locked shares[133](index=133&type=chunk)[134](index=134&type=chunk)[136](index=136&type=chunk) [Shareholder Numbers and Shareholding Status](index=53&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **37,814 common shareholders**, with Wen Kaifu and BYD Company Limited as the top two shareholders, holding **21.68%** and **12.59%** respectively, and several top ten shareholders, including Wen Kaifu, having pledged shares - At the end of the reporting period, the company had a total of **37,814 common shareholders**[137](index=137&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage | Number of Shares Held (shares) | Share Status | | :--- | :--- | :--- | :--- | | **Wen Kaifu** | 21.68% | 308,379,704 | Pledged 138,000,000 | | **BYD Company Limited** | 12.59% | 179,127,725 | - | | **Wang Yiming** | 4.36% | 62,087,927 | - | | **Zeng Li** | 4.01% | 57,095,255 | Pledged 57,095,255 | | **Chen Yun** | 3.68% | 52,337,265 | Pledged 52,337,265 | | **Taihe County Xingjian Investment Co., Ltd.** | 2.80% | 39,802,644 | Pledged 39,800,000 | - Among the top ten shareholders, Wen Kaifu, Zeng Li, Chen Yun, Taihe County Xingjian Investment Co., Ltd., Ma Juane, and Taihe County Yitai Investment Co., Ltd. are parties acting in concert[139](index=139&type=chunk) [Financial Report](index=57&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's comprehensive financial statements and related disclosures [Financial Statements](index=57&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This chapter provides the company's core financial statements for the first half of 2016, including consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity, revealing total assets exceeding **CNY 10 billion**, operating revenue of **CNY 4.92 billion**, and net profit attributable to the parent company of **CNY 311.35 million** Consolidated Balance Sheet Key Data (2016-06-30) | Item | Period-End Balance (CNY) | Period-Beginning Balance (CNY) | | :--- | :--- | :--- | | **Total Assets** | 10,314,424,523.01 | 9,154,653,463.77 | | **Total Liabilities** | 4,495,076,523.14 | 3,621,744,504.32 | | **Equity Attributable to Parent Company Owners** | 5,817,324,463.55 | 5,530,649,603.56 | Consolidated Income Statement Key Data (January-June 2016) | Item | Amount for Current Period (CNY) | Amount for Prior Period (CNY) | | :--- | :--- | :--- | | **Total Operating Revenue** | 4,915,585,869.90 | 1,762,757,106.81 | | **Operating Profit** | 328,479,390.65 | 91,953,864.01 | | **Total Profit** | 355,942,927.85 | 123,046,318.80 | | **Net Profit Attributable to Parent Company Owners** | 311,346,115.46 | 98,714,442.90 | Consolidated Cash Flow Statement Key Data (January-June 2016) | Item | Amount for Current Period (CNY) | Amount for Prior Period (CNY) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | 109,990,717.40 | 106,011,759.56 | | **Net Cash Flow from Investing Activities** | -177,452,856.22 | -205,203,657.53 | | **Net Cash Flow from Financing Activities** | -49,445,867.12 | 132,764,918.42 | | **Net Increase in Cash and Cash Equivalents** | -116,366,052.76 | 33,498,057.23 | [Significant Accounting Policies and Estimates](index=77&type=section&id=%E4%BA%94%E3%80%81%E9%87%8D%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%94%BF%E7%AD%96%E5%8F%8A%E4%BC%9A%E8%AE%A1%E4%BC%B0%E8%AE%A1) This chapter details the company's adherence to enterprise accounting standards and critical accounting policies and estimates, covering areas such as business combinations, financial instruments, receivables, inventories, fixed assets, and revenue recognition, all fundamental to understanding its financial position and performance - The company's financial statements are prepared on a **going concern basis**, adhering to Chinese Enterprise Accounting Standards and using the **accrual basis of accounting**[190](index=190&type=chunk)[191](index=191&type=chunk)[193](index=193&type=chunk) - **Allowance for doubtful accounts** for receivables is calculated using the allowance method, with individually significant receivables tested separately, and others grouped by credit risk characteristics (aging analysis method)[221](index=221&type=chunk)[222](index=222&type=chunk) - Inventories are accounted for using the **perpetual inventory system**, valued at actual cost, issued using the **weighted average method**, and measured at the lower of cost or net realizable value at period-end, with provision for impairment[225](index=225&type=chunk)[226](index=226&type=chunk) - For **revenue recognition**, domestic sales are recognized upon customer acceptance, while export sales (FOB) are recognized upon completion of export customs procedures[255](index=255&type=chunk) [Notes to Consolidated Financial Statement Items](index=95&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) This chapter provides detailed explanations for major items in the consolidated financial statements, including cash and cash equivalents of **CNY 741 million**, accounts receivable of **CNY 2.25 billion**, inventories of **CNY 1.53 billion**, fixed assets of **CNY 1.85 billion**, and goodwill of **CNY 2.21 billion**, along with liabilities such as short-term borrowings of **CNY 1.50 billion** and accounts payable of **CNY 1.21 billion**, offering crucial data for in-depth financial analysis Period-End Balances of Major Balance Sheet Items | Item | Period-End Balance (CNY) | | :--- | :--- | | **Cash and Cash Equivalents** | 740,993,118.25 | | **Notes Receivable** | 352,977,891.49 | | **Accounts Receivable** | 2,252,701,789.68 | | **Inventories** | 1,529,361,490.50 | | **Fixed Assets** | 1,845,838,328.12 | | **Goodwill** | 2,212,863,126.37 | | **Short-term Borrowings** | 1,502,637,483.53 | | **Notes Payable** | 428,531,315.07 | | **Accounts Payable** | 1,205,781,709.93 | - The top five accounts receivable at period-end totaled **CNY 582 million**, accounting for **24.42%** of the total[290](index=290&type=chunk) - The total amount of assets with restricted ownership or use rights at period-end was **CNY 440 million**, primarily comprising cash and cash equivalents, fixed assets, and intangible assets used as collateral for borrowings and as deposits[452](index=452&type=chunk) [Reference Documents Catalog](index=171&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists all documents available for investor review [Reference Documents](index=171&type=section&id=%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6) This chapter lists the documents available for investor review, including the semi-annual report and financial report signed by senior executives, and original copies of all publicly disclosed documents and announcements during the reporting period - Reference documents include: - The 2016 semi-annual report bearing the chairman's signature - The financial report signed and sealed by the legal representative, chief financial officer, and head of the accounting department - Original copies of all legally disclosed documents and announcements from the reporting period[566](index=566&type=chunk)

[Important Notice](index=2&type=section&id=Item%201.%20Important%20Notice) The company's board, supervisors, and senior management collectively ensure the accuracy and completeness of this quarterly report [Statement on Report Authenticity](index=2&type=section&id=Item%201.%20Important%20Notice) The company's board, supervisory board, and senior management collectively guarantee the truthfulness, accuracy, and completeness of this quarterly report - Company management, including the board, supervisory board, and senior executives, jointly guarantee the authenticity, accuracy, and completeness of this quarterly report[4](index=4&type=chunk) - Wen Kaifu (Person in Charge), Chen Guisheng (Head of Accounting), and Xiao Juan (Head of Accounting Department) jointly declare the financial statements are true, accurate, and complete[5](index=5&type=chunk) [Key Financial Data and Shareholder Changes](index=3&type=section&id=Item%202.%20Key%20Financial%20Data%20and%20Shareholder%20Changes) This section details the company's core financial performance and significant changes in shareholder structure during the reporting period [Core Financial Data and Indicators](index=3&type=section&id=Item%202.1.%20Major%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2016, the company achieved rapid performance growth with revenue up 113.62% and net profit attributable to shareholders up 106.72%, despite a 90.27% decrease in net cash flow from operating activities 2016 Q1 Key Financial Indicators | Indicator | Current Period | Prior Year Same Period | YoY Change | | :--- | :--- | :--- | :--- | | Revenue (CNY) | 1,690,100,298.28 | 791,173,216.87 | 113.62% | | Net Profit Attributable to Shareholders (CNY) | 70,742,921.08 | 34,221,273.72 | 106.72% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (CNY) | 68,574,465.81 | 25,313,525.01 | 170.90% | | Net Cash Flow from Operating Activities (CNY) | 7,262,952.66 | 74,674,142.90 | -90.27% | | Basic Earnings Per Share (CNY/share) | 0.0497 | 0.0317 | 56.78% | | Total Assets (CNY) | 9,790,349,588.32 | 9,154,653,463.77 | 6.94% (vs. End of Prior Year) | | Net Assets Attributable to Shareholders (CNY) | 5,602,280,258.68 | 5,530,649,603.56 | 1.30% (vs. End of Prior Year) | - During the reporting period, non-recurring gains and losses totaled **CNY 2.168 million**, primarily from **CNY 2.749 million** in government subsidies[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=Item%202.2.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period-End) As of the reporting period end, the company had **33,115** common shareholders, with Wen Kaifu (21.68%) and BYD Co., Ltd. (12.59%) as the top two, and several major shareholders having pledged shares - As of the end of the reporting period, the company had a total of **33,115** common shareholders[11](index=11&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | Pledged or Frozen Status | | :--- | :--- | :--- | :--- | | Wen Kaifu | 21.68% | 308,379,704 | Pledged **93,000,000** | | BYD Co., Ltd. | 12.59% | 179,127,725 | - | | Wang Yiming | 4.36% | 62,087,927 | - | | Zeng Li | 4.01% | 57,095,255 | Pledged **57,095,255** | | Chen Yun | 3.68% | 52,337,265 | Pledged **52,337,265** | [Significant Matters](index=6&type=section&id=Item%203.%20Significant%20Matters) This section outlines key financial changes, progress on major initiatives, and the fulfillment of commitments during the reporting period [Analysis of Major Financial Item Changes](index=6&type=section&id=Item%203.1.%20Changes%20and%20Reasons%20for%20Major%20Financial%20Statement%20Items%20and%20Indicators%20During%20the%20Reporting%20Period) Significant changes in financial indicators during the reporting period are primarily due to expanded consolidation scope from Q4 2015 acquisitions and increased business scale of existing subsidiaries, leading to doubled revenue, cost of sales, and administrative expenses Major Accounting Item Changes and Reasons | Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Prepayments | 98.37% | Strategic stocking of TFT white glass and materials by end of 2016 | | Long-term Borrowings | 775.49% | Subsidiary signed long-term cooperation agreement with Export-Import Bank, converting short-term borrowings to long-term | | Long-term Payables | 105.45% | Increase in subsidiary's finance leases | | Revenue | 113.62% | Change in consolidation scope due to acquisition of three companies, and expansion of Jiangxi Holitech's sales scale | | Cost of Sales | 111.43% | Increased proportionally with revenue growth | | Administrative Expenses | 136.52% | Change in consolidation scope and increased R&D investment by subsidiaries | | Asset Impairment Losses | 240.19% | Change in consolidation scope and inventory impairment provisions by subsidiaries | [Progress of Significant Matters](index=7&type=section&id=Item%203.2.%20Analysis%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Matters) The company is advancing two major capital operations: a public offering of up to **CNY 800 million** in corporate bonds and a private placement of up to **CNY 2.8 billion** for smart terminal modules, biometric modules, e-paper modules, and working capital - The company plans to publicly issue corporate bonds not exceeding **CNY 800 million** with a term of no more than three years[17](index=17&type=chunk) - The company plans a private placement of shares to raise up to **CNY 2.8 billion** for smart terminal and integrated touch display modules, biometric modules, e-paper modules, and working capital[17](index=17&type=chunk) [Fulfillment of Commitments](index=8&type=section&id=Item%203.3.%20Commitments%20Fulfilled%20and%20Unfulfilled%20by%20the%20Company%2C%20Shareholders%2C%20Controlling%20Shareholders%2C%20Acquirers%2C%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20or%20Other%20Related%20Parties%20as%20of%20the%20Reporting%20Period%20End) During the reporting period, the company, shareholders, and other related parties strictly fulfilled commitments made during asset restructuring and refinancing, including share lock-ups, performance pledges, non-compete clauses, and related-party transactions, with no violations found - Asset restructuring counterparty Wen Kaifu and his concerted parties committed that Holitech's net profit (excluding non-recurring items) for 2014-2016 would be no less than **CNY 180 million**, **CNY 250 million**, and **CNY 320 million** respectively, with detailed compensation arrangements[20](index=20&type=chunk)[21](index=21&type=chunk) - BYD Co., Ltd. committed that the net profit (excluding non-recurring items) of the components company it sold would be no less than **CNY 226 million**, **CNY 237 million**, and **CNY 251 million** for 2015-2017 respectively[32](index=32&type=chunk) - All shareholders of Yejiguangdian committed that its net profit (excluding non-recurring items) for 2015-2017 would be no less than **CNY 67 million**, **CNY 90 million**, and **CNY 116 million** respectively[33](index=33&type=chunk) - All shareholders of Pingbo Electronics committed that its net profit (excluding non-recurring items) for 2015-2017 would be no less than **CNY 25 million**, **CNY 30 million**, and **CNY 35 million** respectively[35](index=35&type=chunk) [2016 Half-Year Performance Forecast](index=27&type=section&id=Item%203.4.%20Forecast%20of%20Operating%20Performance%20for%20January-June%202016) The company forecasts a significant increase in net profit attributable to shareholders for H1 2016, growing by **193.78% to 219.10%**, driven by the consolidation of newly acquired companies and the release of existing business capacity 2016 January-June Performance Forecast | Item | Forecast Data | | :--- | :--- | | Net Profit Attributable to Shareholders Change Range | 193.78% to 219.10% | | Net Profit Attributable to Shareholders Change Range (CNY 10,000) | 29,000 to 31,500 | | Net Profit Attributable to Shareholders in Same Period of 2015 (CNY 10,000) | 9,871.44 | - The significant performance growth is primarily due to two reasons: 1. Expanded consolidation scope, including the performance of BYD Electronic Components, Yejiguangdian, and Pingbo Electronics; 2. Further release of production capacity from Jiangxi Holitech's fundraising projects and optimization of product and customer structure[40](index=40&type=chunk) [Controlling Shareholder's Fund Occupation](index=28&type=section&id=Item%203.7.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholders%20and%20Their%20Related%20Parties%20from%20the%20Listed%20Company) During the reporting period, there was a **CNY 2 million** non-operating fund occupation for withholding individual income tax from the United Chemical restructuring counterparty, expected to be settled in cash by April 2016 Non-Operating Fund Occupation Details | Occupying Party | Beginning Balance (CNY 10,000) | New Amount (CNY 10,000) | Repaid Amount (CNY 10,000) | Ending Balance (CNY 10,000) | Expected Repayment Time | | :--- | :--- | :--- | :--- | :--- | :--- | | United Chemical Restructuring Counterparty | 200 | 0 | 0 | 200 | April 2016 | - This fund occupation is a normal withholding of individual income tax, representing **0.04%** of the latest audited net assets[43](index=43&type=chunk) [Other Matters](index=27&type=section&id=Other%20Matters) During the reporting period, the company had no financial assets measured at fair value, no irregular external guarantees, and no reception of research, communication, or interview activities - The company had no financial assets measured at fair value during the reporting period[41](index=41&type=chunk) - The company had no irregular external guarantees during the reporting period[41](index=41&type=chunk) - The company did not host any research, communication, or interview activities during the reporting period[44](index=44&type=chunk)

合力泰科技股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人文开福、主管会计工作负责人陈贵生及会计机构负责人(会计主管人员)肖娟 声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司已在本年度报告中详细描述了公司面临的风险，敬请投资者予以关注，详见本年度 报告"管理层讨论与分析"等章节中关于公司面临风险的描述。 合力泰科技股份有限公司 2015 年年度报告 2016 年 04 月 1 合力泰科技股份有限公司 2015 年年度报告全文 公司经本次董事会审议通过的利润分配预案为：以 1,422,474,212 股为基数，向全体股东 每 10 股派发现金红利 0.16 元（含税），送红股 0 股（含税），不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 6 | | --- | --- | | 第二节 | 公司简介和主要财务指标 6 | | 第三节 ...

[Section 1: Important Notes](index=2&type=section&id=第一节%20重要提示) [Board and Management Statement](index=2&type=section&id=1.1%20董事会及管理层声明) The company's board and management guarantee the truthfulness, accuracy, and completeness of this quarterly report - The Board of Directors, Board of Supervisors, and senior management guarantee that the contents of this quarterly report are **true, accurate, and complete**, with no false records, misleading statements, or major omissions, and will bear individual and joint legal responsibility[4](index=4&type=chunk) - The company's person in charge Wen Kaifu, chief financial officer Chen Guisheng, and head of the accounting department Xiao Juan declare their guarantee of the **truthfulness, accuracy, and completeness** of the financial statements in this quarterly report[4](index=4&type=chunk) [Section 2: Key Financial Data and Shareholder Changes](index=3&type=section&id=第二节%20主要财务数据及股东变化) [I. Key Accounting Data and Financial Indicators](index=3&type=section&id=一、主要会计数据和财务指标) The company's total assets and net assets grew significantly, while net profit increased substantially, though operating cash flow declined Key Accounting Data and Financial Indicators (As of the end of Q3 2015) | Indicator | Current Period End/Current Period (Yuan) | Prior Year End/Prior Year Period (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | **Balance Sheet:** | | | | | Total Assets | 7,146,892,110.57 | 3,210,287,014.62 | 122.62% | | Net Assets Attributable to Shareholders | 3,428,868,620.70 | 1,820,232,533.45 | 88.38% | | **Income Statement (Current Period):** | | | | | Operating Revenue | 1,128,974,553.86 | - | 19.85% | | Net Profit Attributable to Shareholders | 73,791,000.28 | - | 117.58% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 69,460,756.98 | - | 126.13% | | Basic Earnings Per Share (Yuan/Share) | 0.0682 | - | 85.83% | | Diluted Earnings Per Share (Yuan/Share) | 0.0682 | - | 85.83% | | Weighted Average Return on Equity | 3.96% | - | 1.34% | | **Income Statement (Year-to-Date):** | | | | | Operating Revenue | 2,891,731,660.67 | - | 31.68% | | Net Profit Attributable to Shareholders | 172,505,443.18 | - | 47.17% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 142,907,946.49 | - | 51.31% | | Net Cash Flow from Operating Activities | 242,718,982.19 | - | -266.78% | | Basic Earnings Per Share (Yuan/Share) | 0.1594 | - | 24.73% | | Diluted Earnings Per Share (Yuan/Share) | 0.1594 | - | 24.73% | | Weighted Average Return on Equity | 9.02% | - | -0.44% | Non-recurring Profit and Loss Items and Amounts (Year-to-Date) | Item | Amount (Yuan) | Note | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 5,198,304.77 | | | Government Grants Recognized in Current Profit or Loss | 32,984,562.25 | | | Other Non-operating Income and Expenses | -2,656,030.76 | | | Less: Income Tax Impact | 5,929,339.57 | | | Total | 29,597,496.69 | -- | [II. Total Shareholders and Top 10 Shareholders at the End of the Reporting Period](index=4&type=section&id=二、报告期末股东总数及前十名股东持股情况表) The company had 46,115 common shareholders, with Wen Kaifu holding the largest stake at 28.53% - The total number of common shareholders was **46,115** at the end of the reporting period[11](index=11&type=chunk) Top 10 Common Shareholders' Holdings (As of the end of the reporting period) | Shareholder Name | Shareholder Type | Ownership (%) | Number of Shares (shares) | Number of Restricted Shares (shares) | Pledged or Frozen Status (Status/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Wen Kaifu | Domestic Natural Person | 28.53% | 307,679,854 | 307,679,854 | - | | Wang Yiming | Domestic Natural Person | 5.67% | 61,181,727 | 61,181,727 | - | | Zeng Li | Domestic Natural Person | 5.29% | 57,095,255 | 57,095,255 | Pledged 57,095,255 | | Chen Yun | Domestic Natural Person | 4.85% | 52,337,265 | 52,337,265 | Pledged 52,337,265 | | Taihe County Xingjian Investment Co., Ltd. | Domestic Non-state-owned Legal Entity | 3.69% | 39,802,644 | 39,802,644 | Pledged 39,802,644 | | Ma Juan'e | Domestic Natural Person | 3.09% | 33,305,517 | 33,305,517 | Pledged 33,305,517 | | Yin Jiang | Domestic Natural Person | 2.78% | 30,000,000 | 30,000,000 | - | | Taihe County Yitai Investment Co., Ltd. | Domestic Non-state-owned Legal Entity | 2.64% | 28,430,460 | 28,430,460 | Pledged 28,430,460 | | Zhang Yongming | Foreign Natural Person | 2.48% | 26,758,080 | - | - | | Yin Xianzhang | Domestic Natural Person | 1.54% | 16,652,758 | 16,652,758 | Pledged 16,652,758 | - Wen Kaifu, Zeng Li, Chen Yun, Taihe County Xingjian Investment Co., Ltd., Ma Juan'e, Yin Xianzhang, and Taihe County Yitai Investment Co., Ltd. are **parties acting in concert**[12](index=12&type=chunk) [Section 3: Significant Matters](index=6&type=section&id=第三节%20重要事项) [I. Changes in Key Financial Statement Items and Indicators and Their Reasons](index=6&type=section&id=一、报告期主要会计报表项目、财务指标发生变动的情况及原因) Significant changes in financial items were primarily driven by a reverse merger and acquisitions of several companies Changes in Key Financial Statement Items and Reasons | Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 31.68% | Primarily due to the consolidation of financial statements from the reverse merger and the gradual release of production capacity at the Jiangxi Holitech Jizhou plant, leading to sales growth | | Business Tax and Surcharges | 72.32% | Primarily due to the consolidation from the reverse merger and increased sales at Jiangxi Holitech, resulting in higher turnover taxes | | Administrative Expenses | 37.59% | Due to the reverse merger consolidation and increased sales at Jiangxi Holitech, leading to higher R&D investment in projects like ON1in-CELL modules, biometric modules, and smart wearable display modules | | Financial Expenses | 106.86% | Due to the reverse merger consolidation and an increase in short-term borrowings and fixed asset financing leases at Jiangxi Holitech | | Cash and Cash Equivalents | 49.50% | Primarily due to the consolidation of financial statements from the acquisitions of BYD's component business, Yejiguangdian, and Pingbo Electronics | | Accounts Receivable | 177.82% | Primarily due to the consolidation from the acquisitions of BYD's component business, Yejiguangdian, and Pingbo Electronics, as well as increased sales at Jiangxi Holitech | | Inventories | 189.54% | Primarily due to the consolidation of financial statements from the acquisitions of BYD's component business, Yejiguangdian, and Pingbo Electronics | | Other Current Assets | 1284.94% | Primarily due to the consolidation of financial statements from the acquisitions of BYD's component business, Yejiguangdian, and Pingbo Electronics | | Short-term Borrowings | 100.54% | Primarily due to the consolidation from acquisitions and increased working capital needs at Jiangxi Holitech due to sales growth | | Other Payables | 3960.96% | Primarily due to the unpaid cash consideration for the acquisitions of BYD's component business, Yejiguangdian, and Pingbo Electronics being recorded as payables | | Capital Reserve | 285.99% | Primarily due to the consolidation of financial statements from the acquisitions of BYD's component business, Yejiguangdian, and Pingbo Electronics | | Net Cash Flow from Operating Activities | -266.78% | Primarily due to the timely collection of prior-year operating receivables and a decrease in prepayments for materials by the subsidiary Jiangxi Holitech compared to the previous year | | Net Cash Flow from Investing Activities | -63.37% | Primarily due to the subsidiary Jiangxi Holitech's further investment in machinery and equipment for new projects during the reporting period | | Net Cash Flow from Financing Activities | -107.62% | Primarily due to the receipt of ¥270 million in proceeds from a private placement in the same period last year | [II. Progress of Significant Matters, Their Impact, and Analysis of Solutions](index=8&type=section&id=二、重要事项进展情况及其影响和解决方案的分析说明) The company's major asset restructuring received regulatory approval, and a new non-public offering plan was announced - On September 21, 2015, the company received the "Approval for Holitech Technology Co., Ltd. to Issue Shares to BYD Company Limited and Others to Purchase Assets and Raise Supporting Funds" (CSRC Permit [2015] No. 2146) from the China Securities Regulatory Commission[18](index=18&type=chunk) - On September 25, 2015, the company announced a non-public share offering plan and resumed trading on the same day[18](index=18&type=chunk) [III. Commitments Made by the Company or Shareholders with Over 5% Holding During or Prior to the Reporting Period and Continuing Therein](index=8&type=section&id=三、公司或持股%205%以上股东在报告期内发生或以前期间发生但持续到报告期内的承诺事项) Major shareholders continued to fulfill commitments regarding share lock-ups, performance targets, and corporate governance - During the asset restructuring, Yin Jiang, Shanghai Xingtong Asset Management Partnership (Limited Partnership), Wang Kai, and Li Tieji committed that the non-publicly issued shares they subscribed to would not be transferred within **36 months** from the listing date[20](index=20&type=chunk)[21](index=21&type=chunk) - Wen Kaifu and his concerted parties committed that Holitech's net profit after deducting non-recurring items for 2014, 2015, and 2016 would be **¥179.92 million**, **¥249.86 million**, and **¥319.75 million** respectively, with a profit forecast compensation mechanism in place[21](index=21&type=chunk)[22](index=22&type=chunk)[23](index=23&type=chunk)[24](index=24&type=chunk)[25](index=25&type=chunk) - Wen Kaifu and his concerted parties committed to ensuring the listed company's independence in assets, personnel, finance, organization, and business, avoiding horizontal competition, and regulating related-party transactions[25](index=25&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) [IV. Forecast of 2015 Operating Performance](index=20&type=section&id=四、对%202015%20年度经营业绩的预计) The company projects significant net profit growth for 2015, driven by increased capacity, new acquisitions, and divestment of loss-making units 2015 Operating Performance Forecast | Indicator | 2015 Forecast | 2014 (CNY 10,000) | | :--- | :--- | :--- | | Change in Net Profit Attributable to Shareholders | 127.54% to 154.71% | | | Range of Net Profit Attributable to Shareholders (CNY 10,000) | 33,500 to 37,500 | 14,722.24 | - The performance change is mainly due to: 1. Capacity release from Jiangxi Holitech's investment projects, optimization of product and customer structures, and steady progress of new projects, leading to substantial growth in sales revenue and operating profit; 2. Expected divestment of two loss-making subsidiaries, Lianhe Fengyuan and Xintai Lianhe; 3. Increased sales and net profit from the fourth-quarter acquisitions of BYD's component business, Yejiguangdian, and Pingbo Electronics[32](index=32&type=chunk) [V. Securities Investments](index=20&type=section&id=五、证券投资情况) The company held no securities investments during the reporting period - The company had no securities investments during the reporting period[33](index=33&type=chunk) [VI. Holdings in Other Listed Companies](index=20&type=section&id=六、持有其他上市公司股权情况的说明) The company did not hold equity in any other listed companies during the reporting period - The company did not hold equity in other listed companies during the reporting period[34](index=34&type=chunk)