证券代码：002273 证券简称：水晶光电 浙江水晶光电科技股份有限公司投资者关系活动记录表 编号：2023005 特定对象调研 分析师会议 投资者关系活动 类别 媒体采访 业绩说明会 新闻发布会 路演活动 现场参观 其他 参与单位名称 爱集微咨询（厦门）有限公司 乔赟 张付云 陈依 杨玲莉 谦睦资产管理（有限合伙）：蒋邦弘 浙江胜道投资管理有限公司、浙江同兴投资有限公司：张海明 浙江荣科建设有限公司：冯校锋 滕湘 时间 2023 年 5 月 5 日 15:00-16:30 形式 投资者接待日活动 董事长林敏、董事兼总经理王震宇、董事兼副总经理李夏云、副总经理兼财务总监 上市公司接待人 员姓名 郑萍、副总经理兼董事会秘书熊波 1、问：在智能手机等消费电子产品需求放缓的情况下，为何公司 2022 年营收和利 润能够实现双增长？ 答：尽管宏观经济下行，消费电子行业市场需求在下降，但是水晶的技术、产 品结构十分丰富，并不断深耕，因此逆势成长取得了亮眼的成绩。早在多年以前， 水晶就十分重视风险管理，并于 2022 年提出"战略聚焦、组织重构、文化刷新"三 板斧活动，紧缩有限的资源，投入到核心战略项目。 第一，薄膜光学 ...

Financial Performance - Revenue for the first quarter of 2023 was RMB 876.9 million, a decrease of 7.35% compared to the same period last year[33] - Net profit attributable to shareholders of the listed company was RMB 92.78 million, a decrease of 18.68% year-on-year[33] - Net profit attributable to the parent company's owners was RMB 92.78 million, compared to RMB 114.09 million in the previous period[50] - Basic earnings per share for the first quarter were RMB 0.07, a decrease of 12.50% compared to the same period last year[33] - The company's weighted average return on equity for the first quarter was 1.13%, a decrease of 0.28 percentage points compared to the same period last year[33] - Sales revenue from goods and services was RMB 1.04 billion, compared to RMB 978.44 million in the previous period[52] Cash Flow - Net cash flow from operating activities increased by 68.15% to 181,904,184.15 yuan[13] - The company's net cash flow from operating activities for the first quarter was RMB 181.90 million, an increase of 68.15% compared to the same period last year[33] - Operating cash flow increased to RMB 181.90 million from RMB 108.18 million in the previous period[53] - Investment cash flow showed a net outflow of RMB 186.79 million, an improvement from the previous outflow of RMB 337.26 million[53] - Financing cash flow had a net inflow of RMB 85.49 million, compared to a net outflow of RMB 128.11 million in the previous period[53] - Cash and cash equivalents at the end of the period were RMB 1.48 billion, up from RMB 1.36 billion in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were RMB 10.15 billion, a decrease of 1.21% compared to the end of the previous year[33] - The company's total liabilities and owner's equity at the end of the reporting period were RMB 10.15 billion, a decrease of 1.21% compared to the end of the previous year[25] - The company's total owner's equity attributable to shareholders of the listed company was RMB 8.33 billion, an increase of 2.26% compared to the end of the previous year[33] - The company's monetary funds at the end of the period were 2,322,304,585.88 yuan, a decrease from 2,530,293,500.27 yuan at the beginning of the period[43] - The company's total liabilities at the end of the period were 1,450,237,052.20 yuan, a decrease from 1,761,627,108.52 yuan at the beginning of the period[46] - The company's total equity at the end of the period was 4,209,096,307.76 yuan, a decrease from 4,290,769,418.86 yuan at the beginning of the period[46] Accounts Receivable and Prepayments - Accounts receivable increased by 405.59% to 3,626,902.67 yuan[12] - The company's accounts receivable at the end of the period were 615,711,080.93 yuan, a decrease from 799,277,167.55 yuan at the beginning of the period[43] - Prepayments grew by 155.82% to 59,486,912.56 yuan[12] - The company's prepayments at the end of the period were 59,486,912.56 yuan, an increase from 23,253,613.58 yuan at the beginning of the period[43] Contract Liabilities and Inventory - Contract liabilities rose by 150.70% to 7,670,383.55 yuan[12] - The company's contract liabilities at the end of the period were 7,670,383.55 yuan, an increase from 3,059,615.30 yuan at the beginning of the period[46] - The company's inventory at the end of the reporting period was RMB 692.24 million, a decrease of 1.17% compared to the end of the previous year[22] Investment and Subsidiaries - Investment income rose by 46.28% to 13,665,069.79 yuan[13] - The company plans to invest $5 million to establish a wholly-owned subsidiary in Singapore[17] Government Subsidies and Non-current Assets - Government subsidies recognized in current profits totaled 35,220,205.93 yuan[11] - Non-current assets disposal gains amounted to 3,665,177.54 yuan[11] Credit Impairment and R&D Expenses - Credit impairment losses surged by 402.37% to 10,659,955.46 yuan[13] - The company's R&D expenses for the first quarter were RMB 86.52 million, an increase of 29.49% compared to the same period last year[25] Shareholder Information - A total of 2.416 million shares from the fifth employee stock ownership plan were unlocked and sold[19] - The total number of ordinary shareholders at the end of the reporting period is 77,018[37] - Star Group Co., Ltd. holds 8.90% of the shares, totaling 123,753,273 shares[37] - Hong Kong Securities Clearing Company Limited holds 5.41% of the shares, totaling 75,258,751 shares[37] - Hangzhou Shengaizhexin Enterprise Management Partnership holds 5.28% of the shares, totaling 73,404,741 shares[37] Operating Expenses - Tax refunds received were RMB 58.78 million, down from RMB 65.57 million in the previous period[52] - Payments for goods and services were RMB 641.99 million, a decrease from RMB 690.40 million in the previous period[52] - Employee compensation and benefits paid were RMB 261.16 million, up from RMB 245.51 million in the previous period[52] - Other operating cash outflows were RMB 101.03 million, compared to RMB 96.34 million in the previous period[53]

Technology and Product Development - The company is the first in China to mass-produce AR-HUD, leveraging a 20-year optical background to maintain a leading edge in optical technology breakthroughs[12]. - The company has expanded its product offerings to include precision optical film components, semiconductor optical products, automotive electronics (AR+), and reflective materials[10]. - The company reported a significant increase in near-infrared transmittance for automotive-grade laser radar products, enhancing detection accuracy and recognition capabilities[14]. - The company is developing new products such as AR Birdbath optical modules and AR diffraction/reflection waveguide optical modules, which are expected to be widely applied in entertainment, sports, and industrial sectors[14]. - The company aims to enhance user experience by reducing the weight and size of VR headsets through innovative optical module designs[14]. - The optical products segment includes micro-optical prism modules and optical low-pass filters, which are essential for mobile phone camera applications[27]. - The company is focusing on developing new optical technologies, including Pancake lens structures and waveguide solutions, to enhance AR/VR hardware experiences[38]. - The company is actively developing new technologies, including the combination of semiconductor optics and micro-nano technology, to provide cost-effective solutions in the semiconductor optical product market[90]. - The company has successfully launched multiple projects, including the optical sensor module and AR-HUD projects, which are now in mass production, enhancing its product offerings in the optical technology sector[90]. - The company has successfully launched its micro-prism products into the market, marking a strategic breakthrough[150]. Financial Performance - The company's total revenue for 2022 was approximately ¥946.46 million, with a quarterly breakdown of ¥938.02 million in Q2, ¥1.32 billion in Q3, and ¥1.17 billion in Q4[31]. - The net profit attributable to shareholders for 2022 was approximately ¥114.09 million in Q1, ¥131.37 million in Q2, ¥234.68 million in Q3, and ¥96.04 million in Q4[31]. - The company's operating revenue for 2022 was ¥4,375,513,727.94, representing a 14.86% increase from ¥3,809,382,068.35 in 2021[50]. - Net profit attributable to shareholders for 2022 was ¥576,170,658.74, a 30.30% increase from ¥442,179,153.57 in 2021[50]. - The net profit after deducting non-recurring gains and losses was ¥508,545,224.75, up 37.97% from ¥368,583,916.75 in 2021[50]. - The basic earnings per share for 2022 was ¥0.42, a 23.53% increase from ¥0.34 in 2021[50]. - The total assets at the end of 2022 were ¥10,278,602,515.77, reflecting a 4.51% increase from ¥9,835,128,678.28 at the end of 2021[50]. - The company achieved a revenue of 4.38 billion CNY in 2022, representing a year-on-year growth of 14.86%[70]. - The optical electronics segment generated revenue of approximately 4.07 billion CNY, with a gross margin of 26.13%, reflecting a year-on-year increase of 3.00%[67]. - The thin-film optical panel business saw significant growth, with a revenue increase of 64.52% and a gross margin of 22.11%[67]. Market Trends and Opportunities - The penetration rate of HUD in passenger cars reached 7.8% in 2022, with AR-HUD penetration at 0.55%, indicating significant growth potential in the mid-to-low-end vehicle market[25]. - The company aims to leverage opportunities in the automotive electronics and smart wearable sectors as traditional consumer electronics demand slows down[36]. - The company has identified new growth opportunities in the optical market driven by technological innovation and the demand for smart devices[36]. - The penetration rate of new energy vehicles (NEVs) in China reached 27.6% in 2022, with sales of NEVs totaling 6.5355 million units, a year-on-year increase of 12.6%[39]. - The automotive market in China saw a recovery in demand, with passenger car production and sales growing by 11.2% and 9.5% year-on-year, respectively, reaching 23.836 million and 23.563 million units[39]. - The market for reflective materials is expected to grow due to increasing urbanization and safety awareness, with the industry showing steady growth in 2022[43]. - The automotive electronics sector is projected to see increased cost share in vehicle manufacturing as consumer demands for safety, comfort, and entertainment rise[39]. Research and Development - The company achieved a research and development investment of approximately ¥333.46 million in 2022, representing a 36.54% increase from ¥244.22 million in 2021, with R&D expenditure accounting for 7.62% of operating revenue[91]. - The number of R&D personnel increased to 1,176 in 2022, a 61.32% rise from 729 in 2021, with R&D personnel now constituting 19.03% of the total workforce[91]. - The company has established a technology R&D center to streamline project management and enhance product development efficiency[76]. Corporate Governance and Management - The company has a plan for share repurchase, with several executives disclosing their intention to increase their holdings[176]. - The company’s independent directors and supervisors do not hold significant shares, indicating a focus on corporate governance[181]. - The company has a history of stable management with key personnel holding positions since 2006, ensuring continuity[178]. - The company has a structured salary system that includes base salary, performance pay, and efficiency rewards[188]. - The company has established a compensation scheme for independent directors approved by the board and shareholders[188]. - The company has been actively expanding its board and management team with new appointments since 2019[185]. - The company’s management team includes experienced professionals with significant industry backgrounds, contributing to strategic decision-making[182]. Supply Chain and Operations - The company has established a reliable supply chain system through independent procurement departments for each business segment, ensuring effective management of suppliers and raw materials[14]. - The total procurement amount from the top five suppliers was ¥1,359,158,556.85, accounting for 54.26% of total annual procurement[88]. - Direct sales are the primary model for domestic customers, aimed at reducing sales costs and improving efficiency[68]. - The company is expanding its international presence, establishing subsidiaries and offices in regions such as the US, Japan, and Vietnam to enhance its global market responsiveness and service capabilities[98]. Strategic Outlook - The company has outlined a three-year strategic development plan focusing on consumer electronics, automotive optics, and the metaverse[58]. - The company is actively exploring the metaverse sector, integrating traditional and strategic new businesses for better synergy[77]. - The company is committed to expanding its product structure around smart applications, focusing on imaging, sensing, and display technologies to meet diverse customer needs in the optical field[97]. - The company is focusing on high-end applications for its products, such as the absorption reflective blue glass infrared cutoff filter, which aims to improve imaging quality and increase revenue through enhanced product value[90]. - The company is committed to enhancing risk management to ensure healthy development amidst macroeconomic fluctuations[163].

Financial Performance - Revenue for Q3 2022 reached ¥1,317,029,540.77, an increase of 16.09% compared to the same period last year[2] - Net profit attributable to shareholders was ¥234,677,342.60, reflecting a growth of 31.37% year-over-year[2] - Net profit excluding non-recurring gains and losses was ¥230,267,884.70, up 32.73% from the previous year[2] - Basic earnings per share for the period was ¥0.17, a 30.77% increase compared to the same quarter last year[2] - The net profit for Q3 2022 was CNY 498,928,455.05, an increase of 35.2% compared to CNY 368,730,470.96 in Q3 2021[14] - The total operating profit for Q3 2022 was CNY 550,315,053.01, an increase from CNY 406,885,252.64 in Q3 2021[14] - The company reported a total comprehensive income of CNY 507,997,485.47 for Q3 2022, compared to CNY 367,828,904.64 in Q3 2021, marking a growth of 38.2%[14] - Basic and diluted earnings per share were both CNY 0.35, compared to CNY 0.28 in the same period last year, reflecting a 25% increase[15] Assets and Liabilities - Total assets at the end of the period amounted to ¥10,065,501,920.10, representing a 2.34% increase from the end of the previous year[2] - Total assets increased to CNY 10,065,501,920.10 as of September 30, 2022, up from CNY 9,835,128,678.28 at the beginning of the year, representing a growth of approximately 2.4%[12] - The total liabilities increased to CNY 1,553,206,685.24 from CNY 1,437,843,028.99, which is an increase of approximately 8%[12] - Non-current assets totaled CNY 5,555,522,275.71, up from CNY 4,973,688,448.34, indicating a growth of about 11.7%[11] - The company's equity attributable to shareholders reached CNY 8,133,401,828.63, compared to CNY 8,061,349,838.70, reflecting a slight increase of approximately 0.9%[12] Cash Flow and Investments - The company’s cash flow from operating activities for the year-to-date was ¥463,825,659.62, reflecting a 9.10% increase[2] - The cash flow from operating activities netted CNY 463,825,659.62, an increase from CNY 425,130,009.03 in the previous year[17] - The company experienced a net cash outflow from investing activities of CNY -464,646,860.45, compared to CNY -400,338,239.20 in the previous year[17] - Cash and cash equivalents at the end of the period were CNY 1,326,751,941.29, down from CNY 3,118,244,627.26 at the end of Q3 2021[17] - The company's cash and cash equivalents decreased to CNY 2,531,347,852.57 from CNY 3,203,113,293.96, a decline of approximately 21%[10] Shareholder Information - The total number of common shareholders at the end of the reporting period is 96,000, with the largest shareholder, Star Group Limited, holding 8.90% of shares, equivalent to 123,753,273 shares[6] - The second largest shareholder, Hangzhou Deep Reform Philosophy New Enterprise Management Partnership, holds 5.28% of shares, totaling 73,404,741 shares[6] - Star Group Limited and Hangzhou Deep Reform Philosophy New Enterprise Management Partnership are identified as acting in concert, collectively holding 14.18% of the company's total shares[9] - The largest shareholder, Star Group Limited, has pledged 96,850,000 shares[6] - The company repurchased a total of 13,907,600 shares, accounting for 1.00% of the total share capital, with a total expenditure of approximately RMB 156.33 million[8] - The company’s employee stock ownership plan completed the sale of 5.53 million shares, representing 0.40% of the total share capital[8] Research and Development - Research and development expenses increased by 46.80% year-over-year, totaling ¥238,951,700.48[5] - Research and development expenses for the current period were CNY 238,951,700.48, compared to CNY 162,775,296.80 in the previous period, representing a rise of about 46.7%[13] Other Financial Metrics - The weighted average return on equity was 2.93%, an increase of 0.42% compared to the previous year[2] - The company reported a tax expense of CNY 51,139,619.27, compared to CNY 35,926,806.47 in the same period last year, indicating a rise of 42.1%[14] - The company received CNY 176,803,201.96 in tax refunds during the quarter, compared to CNY 87,529,887.80 in the previous year[16] - The company reported a 149.81% increase in contract liabilities, amounting to ¥10,880,528.87, due to an increase in advance payments received[5] - Government subsidies recognized during the period amounted to ¥66,050,849.86, a 60.21% increase compared to the previous year[5]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,884,477,089.25, representing a 9.54% increase compared to ¥1,720,433,222.69 in the same period last year[11]. - Net profit attributable to shareholders increased by 40.22% to ¥245,451,857.75 from ¥175,050,032.93 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was ¥192,120,923.57, up 29.28% from ¥148,609,921.06 in the previous year[11]. - Basic and diluted earnings per share rose by 28.57% to ¥0.18 from ¥0.14 in the same period last year[11]. - The company's total assets decreased by 2.23% to ¥9,615,879,499.34 from ¥9,835,128,678.28 at the end of the previous year[11]. - Net assets attributable to shareholders decreased by 2.17% to ¥7,886,741,023.33 from ¥8,061,349,838.70 at the end of the previous year[11]. - The net cash flow from operating activities was ¥221,395,727.94, a slight decrease of 1.57% compared to ¥224,925,940.44 in the previous year[11]. - The company's revenue for the reporting period reached ¥1,884,477,089.25, representing a year-on-year increase of 9.54% compared to ¥1,720,433,222.69 in the same period last year[30]. - The gross profit margin for the optical optoelectronics industry was 23.22%, with a year-on-year increase of 10.90%[33]. - The company's foreign sales amounted to ¥1,361,830,801.62, accounting for 72.27% of total revenue, with a significant year-on-year increase of 35.67%[32]. Business Segments and Market Trends - The company is focused on five main business segments: optical components, film optical panels, semiconductor optics, automotive electronics (AR+), and reflective materials, with applications in smartphones, drones, and smart home devices[17]. - The consumer electronics industry is experiencing a shift towards high-end products, with smartphone brands increasingly focusing on imaging quality and camera functionality, creating new market opportunities for optical products[18]. - The automotive electronics sector is evolving with trends towards smart, connected, and electric vehicles, leading to increased demand for optical components in advanced driver-assistance systems (ADAS) and smart cockpits[19]. - The company is actively expanding its automotive electronics business, focusing on products such as head-up displays, smart projection, and laser radar, leveraging its optical technology advantages[19]. - The optical components segment generated ¥1,084,507,407.21 in revenue, representing 57.55% of total revenue and a year-on-year growth of 12.29%[31]. - The semiconductor optical business is expected to benefit from the growth of AI and IoT, with significant scale potential in the future[23]. - The automotive electronics sector is rapidly developing, with AR-HUD products achieving mass production in multiple vehicle models[24]. - The reflective materials business expanded its market share in high-end reflective fabrics and began mass production of new micro-prism products[25]. Research and Development - Research and development investment increased by 57.35% to ¥154,920,271.44, reflecting the company's commitment to enhancing its R&D capabilities[30]. - The company has maintained its focus on innovation within the optical sector, aiming to provide world-class optical solutions to leading industry clients[17]. - The company plans to enhance its research and development management system to accelerate the industrialization of new technologies[53]. - The company is focusing on research and development of new technologies to enhance its competitive position in the market[126]. Financial Management and Investments - The company received government subsidies amounting to CNY 61,531,182.81, which are closely related to its normal business operations[15]. - The company reported a loss of CNY 1,453,822.63 from the disposal of non-current assets, including the reversal of previously recognized asset impairment provisions[14]. - The company has committed to invest RMB 145,921.62 million in the optical component technology upgrade project, with a cumulative investment of RMB 63,910.95 million, achieving 47.34% of the investment progress[48]. - The mobile IoT smart terminal precision film optical panel project has a total committed investment of RMB 40,000.5 million, with a cumulative investment of RMB 19,725.1 million, achieving 53.31% of the investment progress[48]. - The company has engaged in derivative investments totaling $950.76 million, with a focus on foreign exchange derivatives[44]. Environmental and Social Responsibility - The company has implemented environmental protection measures, with wastewater discharge meeting the electronic industry standards, and no exceedance of pollutant discharge limits reported[65]. - The company has a wastewater treatment capacity of 2,700 tons/day and 2,200 tons/day, with treatment methods including physical sedimentation and secondary deepening[68]. - All environmental protection facilities operated stably during the reporting period, with all emissions meeting standards[68]. - The company achieved a chemical oxygen demand (COD) of ≤500 mg/L and ammonia nitrogen of ≤45 mg/L in real-time monitoring at the facility outlet[68]. - The company has established a pollution source online monitoring system that operates normally[68]. - The company’s organized emissions of various pollutants, including nitrogen oxides and volatile organic compounds, were all within the permissible limits[67]. - The company has been conducting regular emergency drills and has updated its emergency response plan for environmental incidents, with the latest review completed in 2020[73]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[2]. - The employee stock ownership plan includes 79.85 million shares, representing 0.99% of the total share capital[59]. - The company has committed to avoiding direct or indirect competition with its actual controller, Star Group, which has been strictly adhered to since October 8, 2007[78]. - There were no significant lawsuits or arbitration matters during the reporting period, ensuring a stable legal environment for the company[80]. - The company has not reported any violations regarding external guarantees during the reporting period[80]. - The company has disclosed that it has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[79]. Future Outlook and Strategic Plans - The company anticipates a rapid growth period in the automotive industry as demand gradually increases and new vehicle launches occur in the second half of the year[19]. - The integration of emerging technologies such as 5G, AR/VR, and artificial intelligence is expected to provide new opportunities for the company's optical business transformation and expansion[18]. - The company plans to spin off its subsidiary, Night Vision Lixin Materials Co., Ltd., for an independent listing on the Growth Enterprise Market to enhance its R&D and market expansion capabilities[93]. - The company aims to improve operational efficiency and reduce costs by approximately 10% in the upcoming quarters[129]. - The company has set a performance guidance for the next half of the year, targeting a revenue growth of 15%[129].

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].