浙江水晶光电科技股份有限公司 2022 年第一季度报告 浙江水晶光电科技股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 1 证券代码：002273 股票简称：水晶光电 公告编号：（2022）040 号 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | ...

Financial Performance - The company reported a profit distribution plan to distribute a cash dividend of 2 RMB per 10 shares (including tax) to all shareholders[4]. - The company's operating revenue for 2021 was ¥3,809,382,068.35, representing an increase of 18.18% compared to ¥3,223,426,440.04 in 2020[15]. - The net profit attributable to shareholders for 2021 was ¥442,179,153.57, a slight decrease of 0.27% from ¥443,379,840.05 in 2020[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥368,583,916.75, which is an increase of 3.94% from ¥354,596,001.62 in 2020[15]. - The net cash flow from operating activities increased by 30.50% to ¥708,944,374.55 in 2021, compared to ¥543,240,356.36 in 2020[15]. - The total assets at the end of 2021 were ¥9,835,128,678.28, reflecting a growth of 30.91% from ¥7,512,658,833.37 at the end of 2020[16]. - The net assets attributable to shareholders increased by 43.26% to ¥8,061,349,838.70 at the end of 2021, compared to ¥5,627,088,189.56 at the end of 2020[16]. - The basic earnings per share for 2021 was ¥0.34, down 8.11% from ¥0.37 in 2020[15]. - The weighted average return on equity for 2021 was 6.71%, a decrease of 1.61% from 8.32% in 2020[15]. - The company achieved a notable improvement in the performance of its optical low-pass filters, which effectively reduce moiré patterns and enhance color accuracy in digital cameras and surveillance systems[29]. Business Segments and Market Trends - The main business has gradually extended from precision optical film components to optical panel products, semiconductor optical products, automotive electronics (AR+), and reflective materials[12]. - The company operates in the electronic industry, specifically focusing on optical technology and products[12]. - The company has established five major business segments: optical components, film optical panels, semiconductor optics, automotive electronics (AR+), and reflective materials, focusing on innovation in optical technologies[28]. - The automotive electronics market is expected to expand significantly due to the increasing demand for smart and electric vehicles, with a focus on advanced components like heads-up displays and laser radar[24]. - The reflective materials industry in China is witnessing strong growth, with domestic production improving in quality and cost-effectiveness, leading to a shift towards local brands[27]. - The consumer electronics industry is experiencing growth driven by the integration of 5G and AI technologies, with a focus on high-end smartphone features and optical innovations[23]. Research and Development - The company is investing in R&D for new technologies, including screen-under fingerprint coatings and advanced optical films, to maintain competitive advantages in the market[30]. - The company has established a comprehensive technology innovation system, focusing on key areas such as smart homes and smart vehicles[40]. - The company holds a total of 354 valid patents, including 33 invention patents, indicating a strong focus on technological advancement[40]. - The number of R&D personnel increased to 729 in 2021, a rise of 2.24% compared to 713 in 2020[63]. - Research and development expenses accounted for approximately 6.41% of total revenue, reflecting the company's commitment to innovation[40]. Corporate Governance - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate reporting[115]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[112]. - The supervisory board is composed of 3 members, with 2 shareholder representatives and 1 employee representative, meeting regulatory standards[113]. - The company has established a robust performance evaluation and incentive mechanism for employees to foster a fair and efficient work environment[114]. - The company maintains independence from its controlling shareholder, with no interference in decision-making or financial transactions[113]. Environmental Responsibility - The company has wastewater treatment capacity of 2,700 tons/day and 2,200 tons/day, with facilities operating effectively[170]. - The company’s wastewater discharge meets the electronic industry standards GB 39731-2020, with total nitrogen and phosphorus levels compliant with DB33/887-2013[170]. - The company has implemented a "clean production" plan, resulting in significant energy savings, reduced waste generation, and improved environmental benefits[173]. - The company has achieved compliance with various environmental monitoring standards, including wastewater, noise, and air emissions[173]. - The company donated 1 million yuan for disaster relief in response to severe flooding in Zhengzhou, demonstrating its commitment to social responsibility[178]. Future Outlook and Strategic Plans - The company aims for a total revenue growth of 20% to 50% in 2022, although this is subject to various uncertainties[87]. - The company plans to deepen its focus on the "Optics+" strategy, targeting consumer electronics and expanding into smart automotive and AR/VR sectors[86]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[138]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[106]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2023[105].

Financial Performance - The company's revenue for Q3 2021 reached ¥1,134,458,395.16, representing a 27.02% increase year-over-year[2] - Net profit attributable to shareholders was ¥178,640,163.38, up 34.55% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥173,483,199.63, reflecting a 50.45% increase year-over-year[2] - Total operating revenue for the period reached ¥2,854,891,617.85, an increase from ¥2,259,446,289.12 in the previous period, representing a growth of approximately 26.3%[14] - Net profit for the period was ¥368,730,470.96, compared to ¥321,835,196.71 in the previous period, reflecting a growth of approximately 14.5%[16] - The net profit attributable to the parent company was ¥353,690,196.31, an increase from ¥312,584,400.02, showing a growth of around 13.2%[16] - The company reported a total comprehensive income of ¥367,828,904.64, compared to ¥321,801,809.45 in the previous period, reflecting an increase of about 14.3%[16] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥9,548,273,221.27, a 27.10% increase from the end of the previous year[2] - The total assets of the company reached approximately ¥9.55 billion as of September 30, 2021, compared to ¥7.51 billion at the end of 2020, indicating a growth of about 27.1%[12] - The total liabilities decreased to ¥1,259,353,016.63 from ¥1,568,676,039.14, a reduction of approximately 19.7%[15] - Total liabilities reached CNY 1,568,676,039.14, reflecting a decrease of CNY 27,041,898.79 compared to the last report[22] - The total non-current liabilities were CNY 132,451,731.46, a decrease from CNY 159,493,630.25, reflecting a reduction of CNY 27,041,898.79[22] Shareholder Information - Shareholders' equity attributable to the parent company reached ¥7,956,985,325.32, up 41.41% compared to the end of last year[2] - The total number of ordinary shareholders at the end of the reporting period was 105,623[6] - The largest shareholder, Xinxing Group Co., Ltd., held 8.90% of the shares, amounting to 123,753,273 shares[6] Cash Flow - The company reported a net cash flow from operating activities of ¥425,130,009.03, which decreased by 15.19% year-over-year[2] - The total cash inflow from operating activities for the period was CNY 3,162,529,524.41, an increase of 15.9% compared to CNY 2,719,977,598.11 in the previous period[18] - The net cash flow from operating activities was CNY 425,130,009.03, down 15.2% from CNY 501,245,934.31 in the same period last year[18] - Cash inflow from financing activities was CNY 2,350,489,435.94, a substantial increase from CNY 360,096,200.67 in the previous period[19] - The net cash flow from financing activities was CNY 1,851,936,481.78, compared to CNY 196,328,242.95 in the same period last year[19] Research and Development - Research and development expenses amounted to ¥162,775,296.80, compared to ¥137,425,956.06 in the previous period, marking an increase of about 18.5%[15] Market Expansion and Product Development - The company expanded its product offerings in the smartphone industry, including precision thin-film optical components and biometric recognition modules, enhancing its position in the supply chain[10] - The company achieved mass production and delivery of its Red Flag AR-HUD product, while also developing partnerships with multiple domestic automotive brands[10] - The company is actively exploring applications of optical products in smart security, smart home, and smart automotive sectors, indicating a strategic market expansion[10] Inventory and Current Assets - The company reported a total current assets of approximately ¥4.97 billion as of September 30, 2021, compared to ¥3.16 billion at the end of 2020, reflecting a year-over-year increase of about 57.4%[11] - The company’s inventory decreased slightly to approximately ¥466.83 million from ¥489.66 million, a decline of about 4.6% year-over-year[11] Other Financial Metrics - Basic earnings per share for the period was ¥0.13, an increase of 18.18% compared to the same period last year[2] - Basic earnings per share for the period were ¥0.28, up from ¥0.26 in the previous period, indicating an increase of approximately 7.7%[16] - The company reported goodwill of CNY 71,545,744.73, consistent with previous figures[21] - Deferred income tax assets stood at CNY 20,048,816.91, unchanged from the prior period[21] Audit and Compliance - The report for the third quarter was not audited[24]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,720,433,222.69, representing a 25.92% increase compared to CNY 1,366,335,603.50 in the same period last year[32]. - The net profit attributable to shareholders of the listed company was CNY 175,050,032.93, a decrease of 2.65% from CNY 179,817,636.53 in the previous year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 148,609,921.06, down 8.99% from CNY 163,294,084.60 year-on-year[32]. - The net cash flow from operating activities was CNY 224,925,940.44, a decline of 23.96% compared to CNY 295,808,941.85 in the previous year[32]. - The basic earnings per share were CNY 0.14, down 6.67% from CNY 0.15 in the same period last year[32]. - The diluted earnings per share were also CNY 0.14, reflecting a 6.67% decrease from CNY 0.15 year-on-year[32]. - The weighted average return on net assets was 3.08%, a decrease of 0.37% from 3.45% in the previous year[32]. - As of the end of the reporting period, total assets amounted to CNY 7,047,459,438.56, a decrease of 6.19% from CNY 7,512,658,833.37 at the end of the previous year[32]. - The net assets attributable to shareholders of the listed company were CNY 5,563,771,066.98, down 1.13% from CNY 5,627,088,189.56 at the end of the previous year[32]. Business Segments and Market Trends - The company operates in five main business segments: optical components, thin-film optical panels, biometric recognition, new display (AR+), and reflective materials, focusing on providing high-level optical solutions for leading industry clients[42]. - The global smartphone market is experiencing a shift due to chip shortages and geopolitical factors, with future growth expected from the replacement market and increased 5G smartphone penetration[43]. - The AR/VR industry is growing, with the company leveraging its optical display technology to develop AR video glasses, positioning itself for future market opportunities[43]. - The automotive electronics sector is evolving towards smart vehicles, with the company developing products like intelligent headlights and AR-HUDs, which have already been mass-produced for high-end domestic car brands[43]. - The reflective materials market in China is expanding, with increasing demand driven by infrastructure development and personal protective equipment, positioning the company to capture more market share[43]. Research and Development - Research and development investment rose by 28.74% to ¥98,452,961.80, indicating a strong focus on innovation and product development[59]. - The company has established a complete technology innovation system with three R&D centers and eight core technologies covering the entire industry chain[49]. - The company is actively developing new products in the biorecognition sector, including DOE and Diffuser, while expanding into non-mobile fields like smart home and financial payment[47]. Environmental Compliance - The company has not exceeded the pollution discharge standards for wastewater, including parameters such as pH, chemical oxygen demand (COD), and ammonia nitrogen[109]. - The company has implemented a comprehensive pollution prevention and control facility, ensuring compliance with environmental standards[115]. - The company has a wastewater treatment capacity of 2,700 tons per day, achieving compliance with the Class III standard of the "Comprehensive Wastewater Discharge Standard" (GB8978-1996) for treated water quality[118]. - The company has maintained stable operation of all environmental protection facilities, ensuring that emissions of waste gas, wastewater, and noise are within the prescribed limits[119]. Corporate Governance and Risk Management - The company plans to enhance its risk management strategies to mitigate macroeconomic risks, including the impact of the COVID-19 pandemic and trade tensions[8]. - The company is committed to improving its internal control systems to adapt to rapid growth and organizational complexity[10]. - The company has established a forward foreign exchange management system to mitigate potential risks related to currency fluctuations[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 133,003[180]. - The largest shareholder, Star Group, holds 10.16% of the shares, totaling 123,753,273 shares, with 98,380,000 shares pledged[183]. - The company reported no changes in the controlling shareholder or actual controller during the reporting period[191]. Future Outlook and Strategic Initiatives - The company is exploring strategic acquisitions to drive growth and expand its market presence[170]. - The company has outlined future growth prospects, emphasizing its commitment to innovation and market expansion[170]. - The company is actively pursuing partnerships and collaborations to enhance its competitive edge in the industry[170].

Financial Performance - The company's operating revenue for Q1 2021 was ¥866,342,057.05, representing a 45.18% increase compared to ¥596,724,329.15 in the same period last year[3] - The net profit attributable to shareholders for Q1 2021 was ¥96,145,845.53, up 20.71% from ¥79,653,326.03 in Q1 2020[3] - The basic earnings per share for Q1 2021 was ¥0.08, a 14.29% increase from ¥0.07 in the same period last year[3] - The company reported a total comprehensive income of CNY 100.17 million, compared to CNY 82.82 million in the previous year, representing an increase of about 20.9%[37] - The profit before tax for the quarter was CNY 111.83 million, compared to CNY 97.54 million in the previous year, showing an increase of about 14.7%[36] Cash Flow and Liquidity - The net cash flow from operating activities increased by 75.90%, reaching ¥191,876,575.85 compared to ¥109,083,843.25 in the previous year[3] - Cash inflow from operating activities totaled ¥1,185,628,466.08, compared to ¥789,443,825.52 in the previous year, reflecting a growth of 50.1%[43] - Cash outflow from operating activities was ¥993,751,890.23, an increase of 46.0% from ¥680,359,982.27 in the previous period[43] - The cash and cash equivalents decreased by 69.88% to CNY -49,375,643.94, primarily due to increased operational income offset by loan repayments[11] - The company reported a net increase in cash and cash equivalents of -¥49,375,643.94, compared to -¥163,912,222.39 in the previous year[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,204,766,977.84, a decrease of 4.10% from ¥7,512,658,833.37 at the end of the previous year[3] - The total current assets of Zhejiang Crystal Optoelectronics Technology Co., Ltd. amounted to ¥2,806,043,211.53, a decrease from ¥3,162,743,792.01 at the end of the previous period[26] - The company's total liabilities were not specified, but the accounts payable decreased to ¥651,268,576.80 from ¥893,463,902.37, a decline of approximately 27.1%[27] - Total liabilities decreased to ¥804,289,635.10 from ¥1,066,930,276.10, reflecting a reduction of approximately 24.6%[33] - The total equity increased to ¥5,035,788,464.89, up from ¥4,979,580,376.54, indicating a growth of about 1.1%[33] Investments and Expenditures - Research and development expenses increased by 41.79% to CNY 46,719,480.08, reflecting the company's commitment to innovation[10] - The company plans to raise up to CNY 225,000,000 through a non-public offering of A-shares to fund projects related to optical components and working capital[12] - The total planned investment for the "Sapphire Crystal Growth and Deep Processing Project" is 385.70 million RMB, with an actual investment of 40.33 million RMB by the end of the reporting period, achieving an investment progress of 104.57%[20] - The company reported a recovery of ¥22,310,000 from its financial products, indicating a successful return on investment[24] Shareholder Information - The top shareholder, Star Group Co., Ltd., holds 10.16% of the shares, with a total of 123,753,273 shares[6] - The total number of ordinary shareholders at the end of the reporting period was 119,660[6] Government Support and Subsidies - The company received government subsidies amounting to ¥22,194,419.50 during the reporting period[4] - The company reported a significant increase in other income, which rose by 161.68% to CNY 22,194,419.50 due to increased government subsidies[10] Risk Management and Compliance - The company identified a financial misconduct case involving a subsidiary, with an estimated loss of over CNY 69 million, and is working to recover assets[12] - The company has engaged in forward foreign exchange contracts totaling 21.50 million USD, with a net asset value of 18.00 million RMB at the end of the reporting period, representing 2.07% of total assets[18] - The company has established a management system for forward foreign exchange settlements to mitigate risks associated with exchange rate fluctuations[19] - The company has implemented measures to manage customer default risks and improve accounts receivable management[19] Accounting and Reporting - The company has confirmed that there are no significant changes in accounting policies regarding derivative investments compared to the previous reporting period[19] - The first quarter report for 2021 has not been audited[56]

Financial Performance - The company's operating revenue for 2020 was ¥3,223,426,440.04, an increase of 7.45% compared to ¥2,999,838,167.85 in 2019[12]. - The net profit attributable to shareholders for 2020 was ¥443,379,840.05, a decrease of 9.72% from ¥491,126,928.63 in 2019[12]. - The net profit after deducting non-recurring gains and losses was ¥354,596,001.62, showing a slight increase of 0.93% from ¥351,312,805.69 in 2019[12]. - The company's total assets at the end of 2020 reached ¥7,512,658,833.37, representing a growth of 17.54% from ¥6,391,374,595.69 at the end of 2019[12]. - The net assets attributable to shareholders increased by 22.37% to ¥5,627,088,189.56 from ¥4,598,368,539.26 in 2019[12]. - The company reported a basic earnings per share of ¥0.37, down 15.91% from ¥0.44 in 2019[12]. - The company generated a net cash flow from operating activities of ¥543,240,356.36, a decrease of 5.86% from ¥577,075,226.68 in 2019[12]. - The company achieved a total revenue of 3.223 billion yuan in the reporting period, representing a year-on-year growth of 7.45%, aligning with the initial target of 0% to 30% growth for 2020[92]. Business Segments and Products - The company has five major business segments: optical components, optical film panels, biometric recognition, new displays (AR+), and reflective materials, focusing on innovation and structural transformation[17]. - The company aims to provide world-class optical solutions for leading clients in the smartphone, smart security, smart home, and smart automotive sectors[17]. - The optical components business generated revenue of approximately 2.08 billion yuan, accounting for 64.65% of total revenue, with a year-on-year growth of 3.92%[38]. - The biological recognition segment saw a revenue decline of 8.21%, totaling approximately 435 million yuan, due to the impact of the pandemic on consumer electronics[38]. - The company has developed new products such as high-refractive index wafers for AR/MR glasses and automotive heads-up display technology, indicating a push into new display technologies[19]. - The company reported a significant focus on optical components, including infrared cutoff filters and optical low-pass filters, which are essential for mobile phones and cameras[18]. Research and Development - The company has established a complete technology innovation system with R&D expenses accounting for approximately 6.48% of operating income[27]. - The company's R&D investment reached 209 million yuan, an increase of 31.81% year-on-year, representing 6.48% of total sales revenue[39]. - The company is investing in R&D for new technologies, including 3D components and optical modules for smart glasses, to expand its product offerings[19]. - Research and development investments increased by 30%, totaling 150 million RMB, to support new technology initiatives[187]. Market Expansion and Strategy - The company is actively expanding its global sales network, focusing on the Chinese, Asia-Pacific, and North American markets[32]. - The company is focusing on AR technology and has established partnerships in the Middle East, Europe, North America, and the Asia-Pacific region to enhance its AR product offerings[79]. - The company aims to optimize its product structure and expand its optical industry footprint by leveraging its core technologies in precision optical processing and semiconductor optics[80]. - The company plans to enhance its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[195]. Shareholder and Dividend Information - The company proposed a cash dividend of RMB 2 per 10 shares for 2020, totaling RMB 242,014,785.4, which is 54.58% of the net profit attributable to ordinary shareholders[100]. - The total distributable profit for 2020 was RMB 1,402,990,261.3, with the cash dividend accounting for 100% of the profit distribution[101]. - The company has maintained a consistent cash dividend policy, distributing no less than 10% of the distributable profit as cash dividends[100]. - The cash dividends for the past three years were RMB 86,255,208.6 in 2018, RMB 121,007,392.7 in 2019, and RMB 242,014,785.4 in 2020, showing a significant increase in cash dividends[99]. Corporate Governance and Compliance - The company emphasizes the importance of maintaining its leading position in the optical components market while expanding into new markets such as AR and automotive electronics[85]. - The company has a strong commitment to corporate governance, as evidenced by the composition of its board and management team[181]. - The company has not faced any penalties or rectification issues during the reporting period[108]. - The company has not reported any significant accounting errors requiring retrospective restatement during the reporting period[105]. Environmental Responsibility - The company has achieved a 100% compliance rate for environmental impact assessments for its construction projects[141]. - The company has maintained a strong commitment to environmental protection, adhering to national laws and regulations[141]. - The company reported no exceedances in wastewater discharge limits for various pollutants, including ammonia nitrogen and total phosphorus[144]. - The company has implemented an online monitoring system for pollution sources, which is functioning normally[146]. Employee Development and Corporate Culture - The company has implemented various employee development programs, including the "Crystal Talent Program" and "Crystal Leadership Program" to enhance employee skills[141]. - The total number of employees receiving compensation during the period was 6,134[197]. - The company has accumulated a total of 325,958.8 training hours with 42,702 participants in various training programs[200]. - The performance-based salary system includes a structure of base salary, performance salary, and efficiency rewards linked to net profit growth[196].

Financial Performance - Operating revenue for the reporting period was ¥893,110,685.62, a decrease of 2.77% compared to the same period last year[4] - Net profit attributable to shareholders of the listed company was ¥132,766,763.49, down 33.75% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥115,307,715.28, a decline of 21.78%[4] - Basic earnings per share were ¥0.11, down 38.89% year-on-year[4] - The weighted average return on net assets was 2.45%, a decrease of 2.51% compared to the previous year[4] - Total operating revenue for Q3 2020 was CNY 893,110,685.62, a decrease from CNY 918,540,312.26 in the previous period[35] - Net profit for the third quarter was 134,644,963.10 CNY, down from 204,924,657.54 CNY year-over-year, indicating a decrease of about 34.2%[37] - The company reported a total profit of 150,891,745.32 CNY, down from 233,911,276.95 CNY, representing a decrease of approximately 35.5%[37] - The total comprehensive income for the third quarter was 134,403,736.38 CNY, down from 206,076,736.14 CNY, indicating a decrease of approximately 34.8%[38] - Net profit for the period was ¥321,835,196.71, a decrease of 11.87% from ¥365,312,943.79 in the same period last year[43] - Total comprehensive income for the period was ¥321,801,809.45, compared to ¥366,721,740.36 in the previous year, indicating a decline of 12.24%[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,846,218,936.69, an increase of 7.12% compared to the end of the previous year[4] - Total liabilities amounted to CNY 1,072,507,686.60, down from CNY 1,577,541,846.37 year-on-year[31] - Total equity attributable to shareholders of the parent company increased to CNY 5,488,032,226.29 from CNY 4,598,368,539.26[31] - Current assets totaled CNY 1,783,076,265.88, a decrease from CNY 1,861,945,538.21 in the previous year[32] - Non-current assets reached CNY 3,919,828,971.86, up from CNY 3,668,519,047.53 year-on-year[33] - The total assets of the company were CNY 6,846,218,936.69, compared to CNY 6,391,374,595.69 in the previous year[31] - The company's total equity increased to CNY 5,773,711,250.09 from CNY 4,813,832,749.32 year-on-year[31] - The total liabilities were reported at 1,577,541,846.37 CNY, with current liabilities comprising 799,993,458.32 CNY[57] Cash Flow - Net cash flow from operating activities was ¥205,436,992.46, an increase of 106.17% compared to the same period last year[4] - The company achieved a net increase in cash and cash equivalents of CNY 139,553,485.90, a 307.92% increase compared to the previous period[11] - Cash inflow from operating activities was CNY 2,719,977,598.11, up from CNY 2,184,215,522.07 year-on-year[49] - The net cash flow from operating activities was CNY 501,245,934.31, an increase from CNY 285,937,339.63 in the previous year[49] - Cash inflow from financing activities was CNY 360,096,200.67, compared to CNY 159,720,037.27 in the previous year[50] - The ending balance of cash and cash equivalents was CNY 1,155,695,048.78, slightly up from CNY 1,151,731,479.26 at the end of the previous year[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 133,496[6] - The largest shareholder, Star Group Co., Ltd., held 10.16% of the shares, amounting to 123,753,273 shares[6] - The company repurchased a total of 7,614,405 shares, representing 0.63% of the total share capital, with a total expenditure of approximately RMB 100.8 million[18] - The maximum repurchase price was capped at RMB 14 per share, with the repurchase period set for 12 months from August 22, 2019[17] Investments and Projects - The company plans to issue up to 20 million A-shares to raise no more than CNY 225 million for investment in optical component projects and working capital[12] - The company has initiated the process for the spin-off of its wholly-owned subsidiary, Night Vision, for a potential domestic listing[13] - The company has established a joint investment fund with a registered capital of RMB 65.1 million, with the company contributing RMB 65 million, accounting for 99.85%[15] - Jiangxi Crystal Optoelectronics received a government reward of RMB 47.5 million for its contributions to the IoT and smart terminal industry, with RMB 16 million already disbursed[15] - The investment progress for the "Sapphire Crystal Growth and Deep Processing Project" is 93.27%, with a total planned investment of CNY 385.7 million and actual cumulative investment of CNY 359.7476 million[23] - The "Annual Production of 10 Million Protective Components for Smart Terminals Technical Upgrade Project" has an investment progress of 87.30%, with a total planned investment of CNY 200 million and actual cumulative investment of CNY 174.5976 million[23] - The "Blue Glass and Biometric Filter Assembly Technical Upgrade Project" has exceeded its planned investment with a progress of 103.97%, having a total planned investment of CNY 910 million and actual cumulative investment of CNY 946.1621 million[23] Research and Development - Research and development expenses increased to 60,951,706.73 CNY, up from 38,849,429.58 CNY, reflecting a growth of approximately 56.8%[36] - Research and development expenses increased to ¥137,425,956.06, compared to ¥108,709,415.41 in the previous period, marking a rise of 26.49%[42] Financial Management - Total financial expenses decreased by 77.94% to CNY 4,535,731.86 due to reduced interest expenses on convertible bonds[10] - The company’s financial expenses decreased significantly to ¥4,535,731.86 from ¥20,562,374.58, a reduction of 78.01%[42] - The company has not engaged in any securities or derivative investments during the reporting period[21][22] - The company has implemented new revenue recognition standards starting January 1, 2020, affecting the presentation of contract liabilities[61]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,366,335,603.50, representing a 19.10% increase compared to CNY 1,147,177,992.66 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 179,817,636.53, up 12.93% from CNY 159,224,332.74 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was CNY 163,294,084.60, reflecting a 16.97% increase from CNY 139,606,732.26[11]. - The net cash flow from operating activities was CNY 295,808,941.85, a significant increase of 58.79% compared to CNY 186,292,140.77[11]. - The basic earnings per share were CNY 0.15, up 7.14% from CNY 0.14 in the same period last year[11]. - The diluted earnings per share also stood at CNY 0.15, reflecting a 7.14% increase compared to CNY 0.14[11]. - The company reported a total of 38,847 unconverted "Crystal Convertible Bonds" redeemed for a total payment of CNY 3,892,080.93[99]. - The company reported a net profit attributable to shareholders was CNY -121,007,392.70, indicating a loss compared to the previous year[126]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,371,736,724.04, a slight decrease of 0.31% from CNY 6,391,374,595.69 at the end of the previous year[11]. - The total assets of the company at the end of the reporting period were approximately 4,002,754,892 CNY[126]. - The company's total assets as of the end of the reporting period were CNY 5,464,954,394.82, a slight decrease from CNY 5,530,464,585.74 at the end of 2019[110]. - Total liabilities decreased significantly from CNY 1,577,541,846.37 to CNY 799,098,056.95, a reduction of about 49.3%[106]. - The total liabilities at the end of the reporting period were CNY 1,259,222,132.54, indicating a manageable level of debt[130]. Investment and Research - Research and development investment increased by 9.47% to ¥76,474,249.33 from ¥69,859,985.83 year-on-year[25]. - The company aims to enhance its core technology capabilities in optics, structure, hardware, and software, focusing on building a "technology drawer" to support future strategic initiatives[22]. - The company is experiencing increased competition in the consumer electronics sector, leading to price competition and a shift in market demand towards mid-to-low-end products[52]. - The company is committed to enhancing its internal competitiveness and cost control measures to mitigate risks associated with the economic downturn[52]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or bonus shares, nor to increase capital from reserves[3]. - The company has not declared any dividends for the reporting period, maintaining a focus on reinvestment[125]. - The company plans to repurchase shares with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 14 per share[91]. - As of the end of the reporting period, the company has repurchased 7,614,405 shares, accounting for 0.63% of the total share capital, with a total payment of RMB 100,797,983.06[91]. Environmental Compliance - The company has a wastewater treatment capacity of 2,700 tons per day, ensuring compliance with the wastewater discharge standards[82]. - The company achieved a chemical oxygen demand (COD) discharge of ≤30.69 tons per year, which is within the regulatory limits[80]. - The company has implemented an online monitoring system for pollution sources, which is operating normally[82]. - All environmental protection facilities have been operating stably during the reporting period, with no exceedances in pollutant emissions[82]. Corporate Governance and Compliance - The financial statements have been approved by the board of directors on August 25, 2020, and include 12 subsidiaries in the consolidated financial statements[134]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[135]. - The company has not undergone any major litigation or arbitration matters during the reporting period[58]. - The company has not conducted an audit of its half-year financial report[57]. Future Outlook and Strategy - The company is focusing on improving operational efficiency and exploring potential mergers and acquisitions to enhance market position[125]. - The company plans to expand its market presence and invest in new product development to drive future growth[127]. - The company is optimistic about the market prospects for new technologies and products related to 5G and AR, maintaining close cooperation with well-known domestic and international terminal manufacturers[21].

浙江水晶光电科技股份有限公司 2020 年第一季度报告全文 （注册地址：浙江省台州市椒江区星星电子产业区 A5 号） 2020 年第一季度报告 | --- | --- | |--------------------|-------------------------| | | | | 证券简称：水晶光电 | | | 证券代码：002273 | | | | 披露时间：2020年4月29日 | 1 浙江水晶光电科技股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人林敏、主管会计工作负责人郑萍及会计机构负责人(会计主管人 员)郑萍声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江水晶光电科技股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 追溯调整或重述原因 | --- | --- | - ...

Financial Performance - The company's operating revenue for 2019 was CNY 2,999,838,167.85, representing a year-over-year increase of 28.98% from CNY 2,325,790,588.61[14]. - The net profit attributable to shareholders for 2019 was CNY 491,126,928.63, reflecting a growth of 4.85% compared to CNY 468,424,240.84 in the previous year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 351,312,805.69, which is an increase of 16.83% from CNY 300,693,430.83[14]. - The net cash flow from operating activities for 2019 was CNY 577,075,226.68, up by 28.61% from CNY 448,718,008.99[14]. - The total assets at the end of 2019 were CNY 6,391,374,595.69, showing a growth of 12.62% from CNY 5,675,281,665.61 at the end of 2018[15]. - The net assets attributable to shareholders at the end of 2019 were CNY 4,598,368,539.26, an increase of 18.51% from CNY 3,880,016,803.75 at the end of 2018[15]. - The basic earnings per share for 2019 was CNY 0.44, which is a 4.76% increase from CNY 0.42[14]. - The diluted earnings per share for 2019 was also CNY 0.44, reflecting the same growth of 4.76% from CNY 0.42[14]. - The company achieved total revenue of CNY 2,999,983,820, an increase of 28.98% compared to the previous year[34]. - Net profit attributable to shareholders reached CNY 491,126,900, reflecting a growth of 4.85% year-on-year[34]. Dividend Policy - The company reported a cash dividend of 1 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[5]. - The company has a cash dividend policy that mandates distributing no less than 10% of the annual distributable profit, ensuring shareholder returns are prioritized[82]. - The company reported a cash dividend payout ratio of 57.98% in 2019, reflecting a significant return to shareholders[87]. - The company has maintained a consistent dividend policy over the past three years, with increasing cash dividends each year[87]. - The total cash dividend distributed in 2019 was 284,762,200.21 yuan, which represents 100% of the distributable profit of 1,268,694,922.53 yuan[88]. Business Strategy and Market Position - The company is transitioning from a "product manufacturing" model to a "technology company" that provides optical solutions and core components, focusing on product innovation and industry structure transformation[21]. - The company is actively seizing market opportunities in the optical industry, particularly in the areas of dual-camera/multi-camera smartphones, 3D biometric recognition, and 5G technology applications[22]. - The company is focusing on enhancing collaboration with major clients in R&D to deepen market demand exploration and accelerate product innovation[22]. - The company is expanding into emerging markets such as mobile payment, IoT, and smart home sectors, driven by biological recognition technology[35]. - The company plans to enhance its optical component business by exploring new applications in security and automotive markets[73]. - The company aims to improve production efficiency and financial stability by increasing funding through self-financing and bank loans, with a refinancing plan set for the year[74]. Research and Development - The company has strengthened R&D investment, leveraging core technologies such as precision optical cold processing and semiconductor etching to enhance product offerings[21]. - R&D expenses accounted for approximately 5.28% of total revenue, with R&D personnel making up 13.17% of the total workforce[29]. - The company holds 200 valid patents, including 22 invention patents, 174 utility model patents, and 4 design patents[29]. - The number of R&D personnel increased by 42.83% from 516 in 2018 to 737 in 2019, representing 13.17% of total employees[52]. - Research and development expenses reached ¥158,403,728.79, accounting for 5.28% of total revenue, with 72 patents applied for during the year[50]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the chairman and accounting supervisor[4]. - The company emphasizes transparency in information disclosure, ensuring shareholders have access to accurate and timely information[126]. - The company has established a strong corporate governance structure, enhancing operational efficiency and protecting the rights of shareholders and creditors[126]. - The company has no significant accounting errors that require retrospective restatement during the reporting period[94]. - The company has ongoing litigation involving three cases, with a total amount in dispute of 1,416.9 million CNY, none of which have resulted in expected liabilities[99]. Environmental Responsibility - The company achieved an environmental impact assessment execution rate of 100% for its construction projects, demonstrating commitment to environmental protection[127]. - The company has implemented a comprehensive environmental monitoring system, ensuring that all monitored pollutants are within the prescribed limits[135]. - The company has committed to ongoing support for impoverished students in Henan and educational facilities in Sichuan[131]. - The company has successfully passed a clean production audit, leading to reduced water usage and waste generation[136]. - The company has installed online monitoring systems for pollution sources, which are operating normally[135]. Shareholder Structure and Equity - The largest shareholder, Star Group Co., Ltd., holds 10.71% of the shares, totaling 123,753,273 shares, with 28,354,366 shares being pledged[156]. - The overall shareholding structure remains predominantly unrestricted, with 96.62% of shares classified as unrestricted following the recent changes[148]. - The total number of shares increased from 862,822,927 to 1,156,001,063, reflecting an increase of 258,848,785 shares due to capital reserve conversion and stock issuance[148]. - The company has a total of 81,572 common shareholders at the end of the reporting period[156]. - The company has not faced any penalties or rectification issues during the reporting period[100]. Future Outlook - The company aims for a revenue growth target of 0% to 30% for 2020, contingent on various market factors and the impact of COVID-19[73]. - The company anticipates risks from the COVID-19 pandemic, which may lead to economic downturns and disruptions in the consumer electronics supply chain[76]. - The company is focusing on the rising penetration of multi-camera smartphones, expanding applications of biometric recognition, and the promotion of 5G technology as key growth drivers[74]. - Future guidance estimates revenue growth of 18% for 2020, projecting total revenue to reach approximately 1.42 billion RMB[185]. - The company plans to launch three new products in 2020, targeting a market expansion of 25% in the next fiscal year[185].