Financial Performance - The company's revenue for Q1 2023 was ¥26,575,609.07, a decrease of 15.14% compared to ¥31,315,235.36 in the same period last year[4] - The net profit attributable to shareholders was -¥8,164,639.82, representing a decline of 54.84% from -¥5,272,993.53 year-on-year[4] - The basic and diluted earnings per share were both -¥0.0303, a decrease of 61.17% from -¥0.0188 in the same period last year[5] - The net loss attributable to the parent company was ¥1,762,852,814.99, compared to a loss of ¥1,754,688,175.17 in the previous period[21] - Operating profit for Q1 2023 was -8,170,739.31 CNY, a decline from -5,279,971.40 CNY year-over-year, indicating a worsening operational performance[24] - The total comprehensive income for Q1 2023 was -8,164,639.82 CNY, worsening from -5,272,993.53 CNY in the previous year[24] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥6,256,557.09, compared to -¥12,129,537.44 in the previous year, marking a 151.58% increase[5] - The company's cash and cash equivalents increased to ¥107,815,334.62 from ¥101,930,861.72 at the beginning of the year, representing a growth of 5.5%[20] - Total cash and cash equivalents at the end of Q1 2023 amounted to 107,804,167.21 CNY, up from 33,685,392.91 CNY at the end of the previous year[26] - The cash outflow from investing activities was -179,020.00 CNY, compared to -43,112.00 CNY in the previous year, indicating increased investment expenditures[25] - The cash outflow from financing activities was -193,064.19 CNY, a decrease from -2,000,655.00 CNY in the same period last year, showing reduced financing costs[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥292,830,654.70, an increase of 1.02% from ¥289,863,265.16 at the end of the previous year[5] - Total liabilities increased to ¥54,237,503.05 from ¥43,105,473.69, showing a rise of 25.8%[21] - Shareholders' equity attributable to the company was ¥238,593,151.65, down 3.31% from ¥246,757,791.47 at the end of the previous year[5] Inventory and Expenses - The company reported a significant increase in inventory by 28.30%, reaching ¥22,205,724.96 due to increased customer orders[8] - Sales expenses rose by 23.54% to ¥1,605,398.43, attributed to increased marketing efforts and related costs[9] - Financial expenses surged by 143.51% to ¥667,528.95, primarily due to exchange rate losses during the reporting period[9] - Research and development expenses for Q1 2023 were ¥1,031,471.19, slightly down from ¥1,126,447.37 year-over-year, a decrease of 8.4%[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,306[11] - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., holds 20.42% of shares, totaling 57,233,855 shares[11] - The second-largest shareholder, Zhongzhi Industrial Investment Co., Ltd., holds 8.77% of shares, totaling 24,585,656 shares[11] Relocation and Lease Agreements - The company received a relocation compensation of 11,203,797 RMB for the termination of a lease agreement[15] - As of March 31, 2023, the first installment of the relocation compensation received was 4,481,518 RMB, accounting for 40% of the total[15] - The company signed a new lease agreement for a production base with an area of 6,500 square meters at a rate of 28 RMB per square meter per month for the first year[16] - The rent will increase by 4% each year starting from the second year of the lease[16] Management Changes - The company’s independent director, Wu Yuping, resigned effective January 4, 2023, after serving for six years[13] - The company’s vice president and CFO, Xu Jian, submitted his resignation on February 13, 2023, effective March 13, 2023[14] Regulatory Inquiry - The company is under inquiry from the Shenzhen Stock Exchange regarding the impact of the relocation on its operations and financial status[16]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥76,097,217.94, a decrease of 16.93% compared to ¥91,611,167.01 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was a loss of ¥11,250,809.09, an improvement of 13.54% from a loss of ¥13,012,688.49 in the previous year[24]. - The basic and diluted earnings per share were both -¥0.0401, showing an improvement of 13.58% from -¥0.0464 in the same period last year[24]. - The weighted average return on net assets was -4.22%, slightly improved from -4.46% in the previous year[24]. - The company reported a significant decrease in sales revenue from touch display screens, down 20.92% to 21,675,302.98 CNY[41]. - The revenue from other business activities fell sharply by 61.23%, totaling 4,265,669.62 CNY[41]. - The company reported a total revenue of CNY 74.68 million, with a net profit of CNY -2.19 million, indicating a significant loss compared to the previous period[57]. - The total comprehensive loss for the period was CNY 8,258,182.15, compared to a loss of CNY 11,766,597.36 in the previous year[139]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥4,524,750.39, compared to a net outflow of ¥33,801,548.59 in the same period last year, representing an 86.61% improvement[24]. - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of -4,524,750.39 CNY, an 86.61% increase compared to the previous year[39]. - The cash flow from operating activities showed a recovery trend, suggesting improved operational efficiency[142]. - The company is focusing on enhancing its cash management strategies to mitigate cash flow risks in the future[143]. Assets and Liabilities - Total assets at the end of the reporting period were ¥320,171,311.23, down 11.04% from ¥359,912,085.36 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company decreased by 4.13%, amounting to ¥260,979,925.25 compared to ¥272,230,734.34 at the end of the previous year[24]. - Total liabilities decreased from CNY 197,200,000.00 to CNY 183,000,000.00, reflecting a reduction of about 7%[126]. - The total liabilities at the end of the reporting period were 285 million, compared to 224 million in the previous year, which is an increase of 27.3%[151]. Business Strategy and Operations - The company plans to enhance communication with existing customers and strengthen R&D efforts to meet differentiated customer needs[34]. - The company aims to improve its operational efficiency and reduce costs through better management and resource integration[37]. - The company is actively responding to changes in customer demand in the home appliance sector to ensure stable business development[34]. - The company plans to expand its business by adding electronic component distribution to its existing touchscreen and module business, which is expected to improve asset quality and profitability[81]. - The company plans to mitigate inventory risks by accelerating customer pickup and locking in raw material prices, as the market demand for raw materials has weakened[59]. Management and Governance - There were significant changes in management, including the appointment of a new general manager on June 2, 2022[64]. - The company has not engaged in any equity incentive plans or employee stock ownership plans during the reporting period[66]. - The company did not engage in any related party transactions during the reporting period[79]. - The company is planning to acquire 100% equity of Qianhai Shouke through a combination of issuing shares and cash, which constitutes a major asset restructuring[98]. Risks and Compliance - The management highlighted risks and countermeasures in the report, urging investors to pay attention to potential operational risks[6]. - The company faces risks from macroeconomic conditions and market fluctuations, with a focus on expanding product lines in home-use color screens and high-end black-and-white screens[58]. - The company is experiencing a risk of declining gross margins due to intense competition and weak market demand, and it aims to stabilize operations through various efficiency measures[60]. - The company is committed to environmental compliance and has not faced any administrative penalties related to environmental issues[68]. Shareholder Information - The total number of shares after the recent changes is 280,253,733, with 5.73% being restricted shares and 94.27% being unrestricted shares[110]. - The number of shareholders at the end of the reporting period is 18,282, with no preferred shareholders[112]. - The largest shareholder, Zhongzhi Rongyun, holds 20.42% of the shares, totaling 57,233,855 shares[112]. Financial Reporting and Standards - The semi-annual financial report has not been audited[75]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts about the company's ability to continue operations for the next 12 months[161]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results as of June 30, 2022[162].

Financial Performance - The company's revenue for Q1 2022 was ¥31,315,235.36, representing a decrease of 18.95% compared to ¥38,636,661.21 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥5,272,993.53, which is a 9.76% increase in loss from ¥4,804,269.35 in the previous year[4] - The basic and diluted earnings per share were both -¥0.0188, reflecting a 9.94% increase in loss compared to -¥0.0171 in the same period last year[4] - The weighted average return on equity was -1.96%, a decrease of 0.34% from -1.62% in the previous year[4] - Total operating revenue for Q1 2022 was CNY 31,315,235.36, a decrease of 18.9% compared to CNY 38,636,661.21 in the same period last year[27] - Net loss for Q1 2022 was CNY 5,272,993.53, compared to a net loss of CNY 4,804,269.35 in Q1 2021, reflecting a decline of 9.7%[28] - The company reported a total comprehensive loss of CNY 5,272,993.53 for Q1 2022, compared to a loss of CNY 4,804,269.35 in the same period last year[29] Cash Flow and Assets - The net cash flow from operating activities improved by 32.60%, amounting to -¥12,129,537.44 compared to -¥17,997,290.74 in the previous year[4] - The company reported a net cash flow from investing activities of -¥43,112.00, a 99.91% improvement from -¥47,359,281.84 in the previous year[9] - The net cash flow from financing activities was -2,000,655.00 CNY, indicating a cash outflow[33] - The net increase in cash and cash equivalents for the period was -14,173,304.44 CNY, compared to a decrease of 65,356,572.58 CNY in the previous year[33] - The ending balance of cash and cash equivalents was 33,685,392.91 CNY, down from 97,943,894.27 CNY at the beginning of the period[33] - As of March 31, 2022, the company's total assets amounted to CNY 329,183,795.12, a decrease from CNY 359,912,085.36 at the beginning of the year[23][24] - The company's cash and cash equivalents decreased to CNY 48,068,767.30 from CNY 67,357,890.63 at the beginning of the year, representing a decline of approximately 28.8%[23] - Accounts receivable decreased to CNY 35,833,532.58 from CNY 49,250,583.19, a reduction of about 27.2%[23] - Inventory decreased to CNY 37,156,979.01 from CNY 40,140,879.46, reflecting a decline of approximately 7.4%[23] - Current liabilities decreased to CNY 50,783,229.22 from CNY 74,292,888.34, a reduction of about 31.6%[24] - The company's total liabilities decreased to CNY 62,226,054.31 from CNY 87,681,351.02 year-on-year, a reduction of 29.1%[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,136[12] - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., holds 20.42% of the shares, totaling 57,233,855 shares[12] - Zhongzhi Industrial Investment Co., Ltd. holds 8.77% of the shares, totaling 24,585,656 shares[12] - Lin Meng, a natural person, holds 7.39% of the shares, with 20,706,000 shares pledged[12] Acquisition Plans - The company is planning to acquire 100% equity of Shenzhen Qianhai Shouke Technology Holdings Co., Ltd. through a combination of issuing shares and cash payment[14] - The stock was suspended from trading on January 21, 2021, due to the pending acquisition, and resumed trading on February 4, 2021[14] - The company received a decision from the Anti-Monopoly Bureau stating that no further review of the acquisition is required, allowing the transaction to proceed[15] - The company held a special shareholders' meeting on June 18, 2021, where the acquisition proposal was approved[16] - The company submitted the application for approval of the acquisition to the China Securities Regulatory Commission on June 29, 2021[16] - The company received feedback from the China Securities Regulatory Commission (CSRC) regarding its asset purchase and fundraising plan, which was not approved on November 16, 2021[17] - The company plans to extend the validity period of the shareholder meeting resolution for the asset purchase and fundraising by twelve months[19] - The company is actively working on the asset purchase and fundraising plan, ensuring compliance with relevant laws and regulations[19] - The company held board meetings to discuss and approve the extension of the asset purchase plan[18] - The company aims to enhance its competitive edge and sustainable profitability through the proposed transaction[18] Expenses - Sales expenses increased by 70.15% to ¥1,299,532.42 due to higher sales commissions and rewards[9] - Research and development expenses for Q1 2022 were CNY 1,126,447.37, an increase of 17.5% compared to CNY 958,876.54 in Q1 2021[28] - Sales expenses increased to CNY 1,299,532.42 in Q1 2022, up 70.0% from CNY 763,738.38 in the same period last year[28] - Total operating costs for Q1 2022 were CNY 36,687,459.04, down 16.1% from CNY 43,750,226.57 year-on-year[27]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[15]. - The company's operating revenue for 2021 was ¥183,859,666.59, representing a 31.87% increase compared to ¥139,420,849.38 in 2020[22]. - The company reported a total of ¥166,665,447.78 in operating revenue after deducting unrelated income for 2021, compared to ¥133,542,066.96 in 2020[22]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 20%[105]. - The company reported a gross margin of 35%, which is an improvement from 30% in the previous year[105]. - The company reported a total operating revenue of ¥139,420,849.38 for the year 2020, with a net profit attributable to shareholders of -¥31,535,613.09[195]. User Growth and Market Expansion - User data showed a growth in active users by 20%, reaching a total of 2 million active users by the end of 2021[15]. - User data showed a growth in active users by 15%, reaching 3 million active users by the end of 2021[105]. - The company has initiated a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share in the region by 2023[15]. - Market expansion plans include entering two new international markets, aiming for a 5% market share within the first year of entry[105]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development in 2022, focusing on smart electronics and IoT technologies[15]. - The company is investing 100 million RMB in R&D for new technologies, focusing on enhancing product efficiency and sustainability[105]. - R&D expenses increased by 22.10% to ¥4,369,823.02 in 2021 from ¥3,579,012.80 in 2020, attributed to the increase in new product project approvals[56]. - The number of R&D personnel rose by 19.44% to 43 in 2021 from 36 in 2020, with R&D personnel accounting for 10.44% of the total workforce[55]. - The company is developing several new products, including a high-resolution black and white module and a 5.2" full HD touch display module, aimed at enhancing market competitiveness[54]. Strategic Acquisitions - A strategic acquisition of a local tech firm was completed for RMB 300 million, enhancing the company's capabilities in software development[15]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 300 million RMB allocated for potential deals[105]. - The company plans to acquire 100% equity of a subsidiary for a transfer price of 90,000 million yuan, which is expected to enhance its asset quality and profitability[179]. Operational Challenges and Risks - The management highlighted potential risks including supply chain disruptions and increased competition in the electronics market[6]. - The company faced challenges due to rising raw material prices and supply shortages but implemented strategic inventory measures to meet customer demand[34]. - The company is facing challenges such as high raw material prices and supply chain issues, impacting its TFT display business development[81]. - The overall economic recovery in China remains unstable and uneven, affecting consumer demand and investment[77]. - The macroeconomic environment poses risks, including geopolitical conflicts and pandemic uncertainties, which may impact production and delivery[83]. - There is a risk of declining gross margins due to material price fluctuations and intense industry competition, prompting the company to adjust its procurement strategies[84]. Corporate Governance and Compliance - The company adheres to legal regulations to ensure fair treatment of all shareholders, holding two shareholder meetings in the reporting period[88]. - The board of directors consists of five members, including three independent directors, ensuring compliance with governance standards[89]. - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management[91]. - The company has implemented an internal control and risk management system, with a dedicated internal audit department overseeing compliance and operational activities[93]. - The company has established a complete and reasonable corporate governance structure in compliance with relevant laws and regulations[142]. Employee Management and Compensation - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.72 million[112]. - The company has revised its remuneration management system for directors, supervisors, and senior management, linking their salaries to performance evaluations[110]. - The company’s performance evaluation system for senior management includes basic salary, performance salary, and bonuses[110]. - The company has implemented a comprehensive training program focusing on skill enhancement and management training[129]. Environmental and Social Responsibility - The company is committed to sustainability and plans to implement eco-friendly practices in its manufacturing processes by 2023[15]. - The company has not engaged in poverty alleviation or rural revitalization efforts during the reporting period and has no related plans[149]. - The company is committed to environmental management and safety training for employees, promoting energy conservation and environmental awareness[148]. Financial Independence and Related Party Transactions - The company guarantees the establishment of an independent financial department and accounting system to ensure financial independence[156]. - The company has pledged to avoid any illegal occupation of its assets and resources by related parties[156]. - The company will ensure that all transactions with related parties are conducted at market fair prices to protect its interests[156]. - The company has made commitments regarding the avoidance of competition and related party transactions, ensuring compliance with legal and regulatory requirements[161].

Financial Performance - The company's revenue for Q3 2021 was CNY 45,046,443.53, representing a 2.54% increase year-over-year, while year-to-date revenue reached CNY 136,657,610.54, up 36.89% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2021 was a loss of CNY 3,298,979.21, a 56.54% increase in loss year-over-year, with a year-to-date loss of CNY 16,311,667.70, which is 25.83% higher than the previous year[3] - The basic and diluted earnings per share for Q3 2021 were both CNY -0.0118, reflecting a 56.46% increase in loss year-over-year, while year-to-date earnings per share were CNY -0.0582, up 25.86% compared to the same period last year[3] - Total operating revenue for the third quarter of 2021 was CNY 136,657,610.54, an increase of 36.8% compared to CNY 99,832,247.54 in the same period last year[34] - The company reported a net loss of CNY 16,531,876.61 for the third quarter, an improvement from a loss of CNY 21,743,424.97 in the same period last year[34] - The company reported a total comprehensive loss of -16,311,667.70 CNY for the quarter, compared to -21,991,140.42 CNY in the prior year[38] Assets and Liabilities - The company's total assets at the end of Q3 2021 were CNY 358,641,490.00, a decrease of 0.77% from the end of the previous year[3] - The equity attributable to shareholders decreased by 5.47% to CNY 281,925,726.61 compared to the end of the previous year[3] - Total liabilities increased to CNY 76,715,763.39, up from CNY 63,194,173.63 at the end of 2020[32] - The company's total equity attributable to shareholders decreased to CNY 281,925,726.61 from CNY 298,237,394.31 at the end of 2020[33] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -37,396,722.27 year-to-date, representing a significant decline of 122.23%[3] - Cash flow from operating activities was negative at CNY -37.40 million, a decline of 122.23% compared to CNY 168.20 million in the previous year[7] - The company’s cash flow from investing activities was negative at CNY -75.02 million, primarily due to new investments and payments made[7] - The net cash flow from operating activities was -37,396,722.27 CNY, a decline from 168,196,670.01 CNY in the previous year, indicating cash flow challenges[38] Inventory and Receivables - Inventory increased by 68.85% to CNY 39,356,071.20, attributed to tight supply and rising prices of key raw materials[6] - Accounts receivable increased to CNY 40,355,244.51, up 4.1% from CNY 38,766,742.11 at the end of 2020[30] - Other receivables surged by 1207.24% to CNY 49,676,932.33, due to the payment of earnest money for asset acquisition agreements[6] Investments and Acquisitions - The company made a new investment of CNY 27.14 million as a limited partner in a venture capital partnership[7] - The company is planning to acquire 100% equity of Qianhai Shouke through a combination of issuing shares and cash, which constitutes a major asset restructuring[19] - The company received approval from the State Administration for Market Regulation for the acquisition on May 8, 2021, allowing the transaction to proceed[20] Research and Development - R&D expenses increased by 37.64% to CNY 3.12 million, driven by an increase in customer orders[7] - Research and development expenses for the third quarter were CNY 3,119,154.59, an increase of 37.8% compared to CNY 2,266,211.20 in the previous year[34] Shareholder Information - The company's major shareholder, Zhongzhi Rongyun, holds 20.42% of the shares, while the top ten shareholders collectively hold significant stakes[10] - The company’s chairman and vice president increased their shareholdings, with the chairman acquiring 400,000 shares (0.1427% of total shares) and the vice president acquiring 300,000 shares (0.1070% of total shares)[26] Other Information - The company received government subsidies amounting to CNY 347,000.00 during the reporting period, contributing to its non-operating income[5] - The report was not audited, which may affect the reliability of the financial data presented[40] - The company did not report any new product launches or technological advancements during this quarter[40]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥91,611,167.01, representing a 63.88% increase compared to ¥55,899,957.26 in the same period last year[21]. - The net profit attributable to shareholders was -¥13,012,688.49, a 9.64% improvement from -¥14,400,386.54 year-on-year[21]. - The company achieved operating revenue of 91.61 million yuan, an increase of 63.88% compared to the same period last year[31]. - The net profit attributable to shareholders was -13.01 million yuan, an increase of 9.64% year-on-year[31]. - The company's net loss for the first half of 2021 was CNY 11,017,614.37, compared to a net loss of CNY 12,751,635.06 in the first half of 2020, showing an improvement in loss reduction[142]. - The total comprehensive income for the first half of 2021 was a loss of CNY 13,012,688.49, compared to a loss of CNY 14,400,386.54 in the same period of 2020, showing an improvement in overall financial performance[145]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥33,801,548.59, a significant decline of 118.98% compared to ¥178,046,928.85 in the previous year[21]. - The cash flow from operating activities was -33.80 million yuan, a decrease of 118.98% compared to the previous year[36]. - The company reported a significant decrease in financial expenses, with interest income rising to CNY 1,565,817.32 from CNY 573,155.00 in the previous year, while interest expenses dropped to zero from CNY 1,130,226.04[147]. - The company experienced a net decrease in cash and cash equivalents of 108,380,492.43 CNY during the first half of 2021[153]. - Cash and cash equivalents decreased to CNY 73,095,677.65 as of June 30, 2021, down from CNY 184,725,336.15 at the end of 2020, a decline of approximately 60.4%[139]. Assets and Liabilities - Total assets at the end of the reporting period were ¥372,033,295.94, an increase of 2.93% from ¥361,431,567.94 at the end of the previous year[21]. - The total liabilities increased to CNY 86,808,590.12 from CNY 63,194,173.63, representing a growth of about 37.4%[137]. - The company's total equity decreased to CNY 285,224,705.82 from CNY 298,237,394.31, a decline of approximately 4.4%[137]. - Inventory levels rose by 65.83% to ¥38,653,288.52, attributed to tight supply and rising prices of key raw materials[42]. - Accounts receivable increased to RMB 53,204,657.49 from RMB 38,766,742.11, marking a rise of about 37.3%[134]. Research and Development - Research and development expenses increased by 45.73% to 2.08 million yuan, driven by a recovery in customer demand[36]. - Research and development expenses for the first half of 2021 were CNY 2,078,031.97, up from CNY 1,425,907.15 in the same period of 2020, indicating an increase of about 46.0%[142]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[8]. - The management expressed concerns regarding the company's continuous losses over the past seven years, highlighting a need for improved operational management[8]. - The company plans to acquire 100% equity of Qianhai Shouke through a combination of share issuance and cash payment[37]. - The company aims to enhance its core competitiveness by integrating technology, market, and talent resources[34]. Market and Sales Performance - Revenue from liquid crystal display screens and modules was ¥53,197,934.80, accounting for 58.07% of total revenue, with a year-on-year growth of 45.32%[39]. - Revenue from touch display screens increased by 74.02% year-on-year, amounting to ¥27,410,196.97, which represents 29.92% of total revenue[39]. - Domestic sales contributed ¥59,942,733.88, a significant increase of 108.49% from ¥28,750,534.52 in the previous year, accounting for 65.43% of total revenue[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,906[119]. - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., held 20.42% (57,233,855 shares) of the total shares[120]. - The company has not reported any share repurchase progress or transfer of shares[115][116]. Compliance and Governance - The half-year financial report has not been audited[76]. - The company has not engaged in any securities or derivative investments during the reporting period, focusing instead on direct investments[54]. - The company has no significant litigation or arbitration matters during the reporting period[78]. - The company has fulfilled all commitments made during the reporting period[73]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and market volatility, with potential impacts on performance due to ongoing pandemic uncertainties[60]. - The company is experiencing pressure on gross margins due to rising material costs, which may lead to a decline in profitability[61]. - The company has initiated strategic stockpiling of key raw materials to mitigate supply risks caused by rising costs and shortages since October 2020[60].

Financial Performance - The company's operating revenue for Q1 2021 was ¥38,636,661.21, representing an increase of 89.06% compared to ¥20,436,376.46 in the same period last year[9]. - The net profit attributable to shareholders was -¥4,804,269.35, an improvement of 21.57% from -¥6,125,604.47 year-on-year[9]. - The company reported a basic earnings per share of -¥0.0171, an improvement of 21.92% from -¥0.0219 in the same period last year[9]. - The total comprehensive income for Q1 2021 was -4,804,269.35, compared to -6,125,604.47 in the previous year, indicating a narrowing of comprehensive losses[55]. - The net profit for Q1 2021 was a loss of CNY 4,804,269.35, an improvement from a loss of CNY 6,125,604.47 in the same period last year, reflecting a reduction in losses[55]. - The total profit for Q1 2021 was -4,814,580.60, an improvement from -6,091,599.28 in the previous year, indicating a positive trend in profitability[54]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,997,290.74, a significant decline of 4,131.20% compared to ¥446,450.04 in the previous year[9]. - The company's cash and cash equivalents decreased by 36.12% year-on-year, ending at ¥118,323,189.17, primarily due to a cash deposit of ¥47 million for the acquisition of 100% equity in Shenzhen Qianhai Shouke Technology Holdings Co., Ltd.[17]. - The cash flow from operating activities for Q1 2021 was CNY 24,317,740.48, compared to CNY 21,748,449.14 in the previous period, indicating a positive trend in cash generation[61]. - The ending balance of cash and cash equivalents was 97,943,894.27 CNY, down from 163,300,466.85 CNY at the beginning of the period[63]. - The company’s cash and cash equivalents decreased by 65,356,572.58 CNY during the period, compared to a decrease of 2,475,566.03 CNY in the previous period[63]. Assets and Liabilities - Total assets at the end of the reporting period were ¥375,187,099.35, up 3.81% from ¥361,431,567.94 at the end of the previous year[9]. - The company’s total liabilities included lease liabilities of ¥23,080,017.40, reflecting the adoption of new leasing standards effective January 1, 2021[17]. - Total liabilities increased to CNY 91,042,143.60 in Q1 2021 from CNY 72,442,605.30 in the previous period[50]. - The company reported a retained earnings deficit of CNY -1,699,712,342.82, slightly improved from CNY -1,695,184,499.45[50]. - The company’s total equity decreased to CNY 313,060,786.49 from CNY 317,588,629.86[50]. Shareholder Information - The company had a total of 10,948 common shareholders at the end of the reporting period[12]. - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., held 20.42% of the shares[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13]. - There were no overdue commitments from major shareholders or related parties during the reporting period[30]. Research and Development - Research and development expenses rose by 40.96% to ¥958,876.54, reflecting increased investment in R&D as the company sought to recover from previous operational disruptions[17]. - The company invested CNY 958,876.54 in R&D expenses during Q1 2021, compared to CNY 680,249.11 in the previous period, reflecting a focus on innovation[53]. Operational Challenges - The net cash flow from operating activities was negative at -¥17,997,290.74, a significant decline of 4,131.20% compared to the previous year, mainly due to increased procurement costs amid supply chain challenges[18]. - The company reported a net loss attributable to shareholders of ¥31,535,613.09 for the year 2020, indicating ongoing challenges despite improvements in operational conditions[21]. - The company's inventory increased by 42.78% year-on-year to ¥33,280,404.50, attributed to tight supply and rising prices of key raw materials like glass and ICs, prompting the company to stock up in advance[17].

Financial Performance - The company's operating revenue for 2020 was ¥139,420,849.38, a decrease of 31.82% compared to ¥204,480,296.28 in 2019[19]. - The net profit attributable to shareholders was a loss of ¥31,535,613.09, representing a decline of 341.97% from a profit of ¥13,033,017.73 in 2019[19]. - The basic earnings per share were -¥0.1125, a decrease of 341.94% compared to ¥0.0465 in 2019[19]. - Total assets at the end of 2020 were ¥361,431,567.94, down 12.19% from ¥411,619,641.31 at the end of 2019[19]. - The weighted average return on net assets was -10.04%, a decrease of 14.07% from 4.03% in 2019[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥33,401,401.18, an improvement of 55.52% from -¥75,092,100.58 in 2019[19]. - The company achieved a revenue of CNY 13,942.08 million in 2020, reflecting a significant decline in performance due to external economic pressures[37]. - Revenue from liquid crystal display screens and modules was ¥92,214,641.60, accounting for 66.14% of total revenue, down 25.03% from ¥122,998,445.35 in 2019[40]. - Revenue from touch display modules was ¥37,886,901.31, representing 27.18% of total revenue, a significant decline of 46.66% from ¥71,024,858.59 in 2019[40]. - Domestic revenue decreased by 37.60% to ¥82,184,089.77, while international revenue decreased by 21.35% to ¥57,236,759.61[41]. Cash Flow and Investments - The net cash flow from operating activities increased by 88.21% to ¥160,540,952.85, up from ¥85,299,992.09 in the previous year[19]. - The company reported a net cash flow from operating activities of CNY 177,600,478.81 in Q2 2020, but a negative cash flow of -CNY 9,850,258.84 in Q3 2020[24]. - Operating cash flow net increased by 88.21% to ¥160,540,952.85, primarily due to the recovery of receivables from the sale of a subsidiary[56]. - Investment cash flow net decreased by 100.42% to -¥95,683.22, mainly due to reduced cash inflow from the disposal of subsidiaries in the previous year[56]. - Financing cash flow net improved by 60.65% to -¥43,590,769.71, as most borrowings were repaid in 2019[57]. - Cash and cash equivalents increased significantly by 4,291.44% to ¥116,854,499.92, reflecting the recovery of receivables from the sale of a subsidiary[57]. Market and Business Strategy - The company focused on maintaining and expanding its market share with medical clients, especially in Japan, during the reporting period[36]. - The company plans to enhance its core competitiveness by integrating technology, market, and talent resources, aiming for better performance in 2021[33]. - The company has been actively expanding its customer base in the domestic home appliance sector, ensuring stable business development[36]. - The company plans to enhance R&D in black and color displays and expand its product offerings in the market[54]. - The company aims to reduce and standardize related party transactions, ensuring they are conducted at fair market prices[104]. Risks and Challenges - The company faced significant risks and uncertainties in its future development, as detailed in the management discussion and analysis section[6]. - The company experienced a significant increase in costs for key materials, particularly TFT glass and driver ICs, impacting business operations[36]. - Rising material costs pose a risk to the company's gross margins, prompting strategies to reduce production costs and increase the output of color display products[84]. - The company faces risks from macroeconomic fluctuations and supply chain disruptions, particularly in TFT glass and IC supply, which could impact production and delivery[83]. Corporate Governance and Shareholder Relations - The company has established a shareholder return plan for 2018-2020, but has not met the conditions for profit distribution in any of those years[89]. - The company has committed to ensuring the independence of its operations, assets, and financials, and is currently fulfilling these commitments[94][95]. - The company has established measures to ensure the independence of its personnel, assets, finances, organization, and operations, maintaining a complete and independent structure[99]. - The company has pledged to adhere to fair trading principles, ensuring transactions with related parties are conducted at market prices without harming the company's interests[98]. - The company has committed to avoiding competition with its controlling shareholder and its future subsidiaries, ensuring no engagement in similar businesses that could harm the company's interests[100]. Employee and Management Structure - The total number of employees in the company is 425, with 295 in production, 17 in sales, and 74 in technical roles[197]. - The company has a total of 5 employees with a master's degree, 37 with a bachelor's degree, and 46 with an associate degree[198]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 530.18 million yuan[196]. - The company has not granted any stock incentives to directors and senior management during the reporting period[196]. - The company’s management remuneration is linked to annual operating performance and is subject to performance assessments[193]. Future Outlook - The display industry is expected to benefit from the rise of IoT, AI, and 5G technologies, presenting new opportunities for growth[73]. - The future direction of the display market emphasizes large size, ultra-high definition, and cost reduction, with emerging applications in automotive and smart displays[74]. - The company plans to enhance its core competitiveness and expand its touch display solutions in non-consumer electronics, targeting markets like smart home and medical health[79]. - The company is actively pursuing mergers and acquisitions to strengthen its competitive position in the industry[188]. - New product development initiatives are underway, aiming to leverage advanced technologies and meet evolving customer needs[189].

Financial Performance - Operating revenue for the reporting period was approximately ¥43.93 million, down 36.42% year-on-year[12] - Net profit attributable to shareholders was a loss of approximately ¥7.59 million, representing a 20.39% increase in loss compared to the same period last year[12] - The net cash flow from operating activities was approximately -¥9.85 million, a significant decrease of 6,970.92% compared to the previous year[12] - Basic earnings per share were -¥0.0271, a decrease of 20.29% compared to the same period last year[12] - The weighted average return on net assets was -2.44%, a decrease of 1.09% compared to the previous year[12] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥8.15 million, an increase in loss of 47.75% year-on-year[12] - Operating revenue decreased by 38.58% to ¥99,832,247.54, primarily due to changes in the scope of consolidation and a decline in orders[20] - Total operating revenue for the current period is 43,932,290.28, a decrease from 69,092,763.19 in the previous period[52] - Net profit for the current period is -7,590,753.88, an improvement from -9,535,069.23 in the previous period[54] - Total operating revenue for the current period is ¥99,832,247.54, a decrease of 38.6% compared to ¥162,550,063.17 in the previous period[60] - The company reported a total profit of -¥21,721,606.89, an improvement from -¥50,665,327.71 in the previous period[62] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥398.23 million, a decrease of 3.25% compared to the end of the previous year[12] - The company's total liabilities decreased significantly, with financial expenses dropping by 97.17% to ¥262,343.59 due to reduced borrowing[20] - The company's total equity decreased to CNY 307,781,866.98 from CNY 329,773,007.40, reflecting a decline of about 6.6%[47] - Total liabilities increased to CNY 90,445,807.67 from CNY 81,846,633.91, which is an increase of approximately 7.4%[46] - The total current liabilities rose to CNY 61,600,807.67 from CNY 41,206,633.91, indicating an increase of about 49.8%[46] - The company's cash and cash equivalents increased significantly to CNY 224,478,515.95 from CNY 47,232,199.42, representing a growth of approximately 376.5%[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,155[15] - The largest shareholder, Zhongzhi Rongyun, held 15.30% of the shares, totaling 42,884,770 shares[15] Cash Flow - The net cash flow from operating activities surged by 1134.13% to ¥168,196,670.01, mainly from the recovery of receivables[20] - Total cash inflow from operating activities reached ¥271,870,881.18, while cash outflow was ¥103,674,211.17, resulting in a net cash flow of ¥168,196,670.01[70] - The ending balance of cash and cash equivalents was ¥206,058,501.46, up from ¥31,067,434.92 at the end of Q3 2019[71] - The company reported cash inflow from other operating activities amounting to ¥192,622,963.32, a substantial increase from ¥6,579,074.37 in the previous year[70] Research and Development - The company’s R&D expenses decreased by 75.46% to ¥2,266,211.20, mainly due to changes in the scope of consolidation[20] - Research and development expenses for the current period are 840,304.05, significantly reduced from 2,866,540.48 in the previous period[53] Future Projections - The estimated cumulative net profit for the year is projected to be a loss of between -45 million to -32 million RMB, representing a decrease of approximately 445.28% to 345.53% compared to the same period last year[32] - The basic earnings per share are expected to be -0.1606 RMB, down from -0.1142 RMB, indicating a decline of about 445.38% to 345.59%[32] - The company experienced a significant decline in customer orders and prices due to the impact of the COVID-19 pandemic, leading to an anticipated loss for the year[32] Compliance and Governance - The company has not engaged in any securities or derivative investments during the reporting period[30][31] - There were no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[29] - The company has not implemented any share repurchase plans during the reporting period[32] - There were no violations regarding external guarantees during the reporting period[34]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥55,899,957.26, a decrease of 40.19% compared to ¥93,457,299.98 in the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥14,400,386.54, an improvement of 65.33% from a loss of ¥41,529,741.01 in the previous year[19]. - The net cash flow from operating activities was ¥178,046,928.85, a significant increase of 1,204.15% compared to a negative cash flow of ¥16,125,190.74 in the same period last year[19]. - The total assets at the end of the reporting period were ¥398,405,171.31, down 3.21% from ¥411,619,641.31 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 4.37% to ¥315,372,620.86 from ¥329,773,007.40 at the end of the previous year[19]. - The basic earnings per share improved to -¥0.0514 from -¥0.1482, reflecting a 65.32% increase[19]. - The weighted average return on net assets was -4.46%, an improvement of 9.57% from -14.03% in the previous year[19]. - The company reported a significant decrease in sales expenses by 60.77% to CNY 2,402,357.88, attributed to changes in the scope of consolidation[40]. - The company reported a total comprehensive income of -26,644,456 for the first half of 2020, indicating a significant loss compared to the previous period[155]. Cash Flow and Liquidity - The company's cash and cash equivalents rose by 382.97% to CNY 228,118,475.22, accounting for 57.26% of total assets[43]. - The net cash flow from operating activities increased by 1204.15% to CNY 178,046,928.85, primarily due to the recovery of receivables from the sale of a subsidiary[40]. - The total cash and cash equivalents at the end of the first half of 2020 reached 218,791,040.82 CNY, compared to 25,331,265.21 CNY at the end of the first half of 2019, marking an increase of 764.5%[140]. - The cash outflow from investing activities was -184,866.92 CNY, a decrease from -2,073,767.99 CNY in the first half of 2019, suggesting reduced investment expenditures[140]. - The cash outflow from financing activities was -5,516,988.04 CNY, slightly improved from -5,731,674.04 CNY in the same period of 2019, indicating better management of financing costs[140]. Operational Changes and Strategy - The company has shifted focus from smartphone-related business to industrial and commercial display screens due to declining margins in the smartphone sector[34]. - The company plans to enhance its competitive advantage by integrating technology, market, and talent resources[30]. - The company plans to strengthen its core competitiveness and innovate its business model to mitigate the impact of the pandemic on operations[54]. - The company maintained stable cooperation with home appliance clients despite significant impacts from the pandemic[34]. - The company plans to continue focusing on product development and market expansion strategies in the upcoming quarters[149]. Risks and Challenges - The company faces various operational risks and has outlined measures to address them in the report[6]. - The company has identified risks related to macroeconomic conditions and market fluctuations due to the ongoing pandemic, which may impact performance[53]. - The company faces a risk warning for potential delisting due to consecutive years of negative net profit in 2017 and 2018[86]. - The company anticipates a recovery in orders in the third quarter of 2020, although it does not expect to return to profitability[52]. Shareholder Information - The company held two temporary shareholder meetings and one annual shareholder meeting during the reporting period, with investor participation rates of 41.76%, 39.92%, and 39.73% respectively[57]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the half-year period[58]. - The total number of ordinary shareholders at the end of the reporting period was 10,581[104]. - The largest shareholder, Zhongzhi Rongyun (Beijing) Enterprise Management Co., Ltd., holds 15.30% of the shares, totaling 42,884,770 shares[105]. Financial Reporting and Compliance - The half-year financial report has not been audited[62]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[59]. - The company did not undergo any bankruptcy reorganization during the reporting period[63]. - There were no significant litigation or arbitration matters during the reporting period[64]. - The company has not faced any penalties or rectification issues during the reporting period[67]. Asset Management - The company's total assets decreased to CNY 425,548,041.79 from CNY 437,785,426.85, a decline of 2.5% year-on-year[128]. - The company's long-term borrowings decreased to CNY 28,360,000.00 from CNY 32,740,000.00, a reduction of about 13.5%[123]. - The company's other receivables significantly decreased to CNY 2,776,515.59 from CNY 193,506,450.62, a drop of approximately 98.6%[121]. - The inventory decreased to CNY 25,981,107.05 from CNY 28,003,078.32, showing a decline of approximately 7.2%[121]. Research and Development - Research and development investment dropped by 77.61% to 1.43 million yuan, mainly due to changes in the scope of consolidation[36]. - Research and development expenses were CNY 1,425,907.15, down 77.7% from CNY 6,367,464.93 in the previous year[129].