深圳同兴达科技股份有限公司 2021 年半年度报告全文 深圳同兴达科技股份有限公司 2021 年半年度报告 2021 年 08 月 1 深圳同兴达科技股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人万锋、主管会计工作负责人李玉元及会计机构负责人(会计主管 人员)赖冬青声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中涉及的未来发展计划等前瞻性陈述属于计划性事项，不构成公司 对投资者的实质性承诺，请投资者及相关人士对此保持足够的风险认识，理解 计划、预测与承诺之间的差异。 公司已在本报告的"第三节管理层讨论与分析"之"十、公司面临的风险 和应对措施"部分详细阐述了公司可能面对的主要风险，敬请投资者仔细阅读。 释义 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 本公司、公司、上市公司、同兴达股份、 | 指 | 深圳同兴达科技股份有限公司 ...

Financial Performance - The company's operating revenue for 2020 was CNY 10,601,084,867.69, representing a 71.10% increase compared to CNY 6,195,959,819.12 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 257,993,850.37, a 133.37% increase from CNY 110,553,727.30 in 2019[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 206,693,285.43, a significant increase of 9,978.49% compared to CNY 2,050,835.30 in 2019[17]. - The basic earnings per share for 2020 was CNY 1.240, up 125.45% from CNY 0.550 in 2019[17]. - The total assets at the end of 2020 were CNY 9,326,361,005.94, reflecting a 45.71% increase from CNY 6,400,650,879.29 at the end of 2019[17]. - The net cash flow from operating activities for 2020 was CNY 76,953,356.06, a decrease of 80.46% from CNY 393,895,669.41 in 2019[17]. - The weighted average return on net assets for 2020 was 17.00%, an increase of 7.81% compared to 9.19% in 2019[17]. - The total operating revenue for the fourth quarter was ¥3,324,496,794.73, with a total annual revenue of ¥10,600,084,867.69, reflecting a strong performance throughout the year[22]. - The net profit attributable to shareholders for the fourth quarter was ¥87,056,665.00, with a total annual net profit of ¥258,973,849.37, indicating a positive trend in profitability[22]. - The company reported a net cash flow from operating activities of ¥275,945,715.08 in the fourth quarter, showing a recovery from negative cash flow in the earlier quarters[22]. Revenue and Market Position - The company’s revenue from camera products surged by 129.92% to CNY 2,019.80 million, accounting for 19.05% of total revenue[48]. - The company’s domestic revenue reached CNY 9,492.63 million, representing 89.54% of total revenue, with a growth of 69.23% year-on-year[48]. - The company has established long-term stable partnerships with major brands such as OPPO, vivo, and Samsung, enhancing its market position[27]. - The company plans to increase market development efforts with both domestic and international smartphone manufacturers, aiming for further expansion[27]. - The company’s revenue for the optical electronic devices and others segment reached ¥10.60 billion, a year-on-year increase of 71.10%[50]. - The sales volume of optical electronic devices increased by 22.18% to 144,052,536 units in 2020 compared to 2019[51]. Investment and Expansion - The company expanded its production capacity for OLED smart wearables and large-size integrated display modules, achieving mass production[44]. - The company has completed the construction of its hard OLED production line, which is now in mass production[37]. - The company’s investment in the "irregular full-screen dual-in-one display module project" raised approximately CNY 798 million to expand production capacity[44]. - The establishment of the factory in India aims to enhance service capabilities and market share in the region, despite a slowdown due to the pandemic[39]. - The company is actively promoting a CNY 600 million investment project for a new shape full-screen dual-in-one display module[91]. Cash Flow and Financial Management - Operating cash inflow for 2020 was CNY 7,499,860,204.71, an increase of 47.08% compared to CNY 5,099,191,000.86 in 2019[58]. - Total cash and cash equivalents increased by 3,302.56% to CNY 613,711,265.99 from CNY 18,036,743.33[58]. - The net cash flow from financing activities surged by 5,481.48% to CNY 1,136,736,125.67 from CNY 20,366,210.48[58]. - The company reported a major difference between net cash flow from operating activities and net profit due to significant sales growth and uncollected receivables in the fourth quarter[59]. Dividend Policy - The company plans to distribute a cash dividend of CNY 1.2 per 10 shares to all shareholders, based on a total of 233,616,704 shares[5]. - The cash dividend for 2019 was 0.6 CNY per 10 shares, amounting to 12,125,422.08 CNY (including tax)[104]. - The cash dividend payout ratio for 2020 was 10.87% of the net profit attributable to ordinary shareholders[106]. - The company has maintained a consistent cash dividend policy over the past three years, with no changes or adjustments made during the reporting period[103]. Risks and Challenges - The company faces risks from market competition, potential industry growth slowdown, and the ongoing impact of the COVID-19 pandemic[95]. - The company is facing risks related to raw material price fluctuations, particularly for key components like LCD panels, which could impact production costs[96]. - Inventory levels are high, which poses a risk to liquidity and increases the potential for inventory write-downs if customer demand falters[97]. - The top five suppliers accounted for a significant portion of the company's procurement, indicating a concentration risk that could affect production if supplier relationships deteriorate[96]. Corporate Governance and Compliance - The company has committed to not reducing its holdings of restricted stock options for 24 months after the lock-up period ends on September 13, 2020[116]. - The company will not transfer any shares obtained through the non-public offering for 6 months from the date of listing, which is November 4, 2020[114]. - The company has made commitments to compensate for any losses caused to investors if it violates its commitments[113]. - The company has established a lock-up period for newly issued shares, which will last for 18 months from the date of listing[115]. - The company has a strategy in place to ensure compliance with securities regulations and avoid penalties[114]. Employee and Social Responsibility - The company maintained a commitment to social responsibility, ensuring the protection of shareholder and creditor rights, and adhering to labor laws to safeguard employee rights[149]. - The company provided 100,000 RMB in assistance to impoverished employees through its employee care foundation during the reporting period[151]. - The company plans to continue its employee welfare fund support actions and provide job opportunities in collaboration with local educational institutions[153]. - The company will continue to employ disabled individuals and provide vocational training to promote stable employment for impoverished populations[153]. Research and Development - Research and development expenses rose by 43.08% to ¥305.13 million, accounting for 2.88% of total revenue[57]. - The company has achieved mass production capabilities for several advanced technologies, including on-cell display modules and mini-LED backlight modules[56]. - The company is focusing on the development of flexible OLED technology, which is expected to see rapid growth and wide application in various industries[88]. - The company plans to enhance its core competitiveness through continuous technological innovation and increase investment in R&D[92].

Financial Performance - The company's operating revenue for 2020 was CNY 10,601,084,867.69, representing a 71.10% increase compared to CNY 6,195,959,819.12 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 257,993,850.37, a 133.37% increase from CNY 110,553,727.30 in 2019[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 206,693,285.43, showing a significant increase of 9,978.49% compared to CNY 2,050,835.30 in 2019[16] - The basic earnings per share for 2020 was CNY 1.240, up 125.45% from CNY 0.550 in 2019[16] - The total assets at the end of 2020 were CNY 9,326,361,005.94, reflecting a 45.71% increase from CNY 6,400,650,879.29 at the end of 2019[16] - The net cash flow from operating activities for 2020 was CNY 76,953,356.06, a decrease of 80.46% compared to CNY 393,895,669.41 in 2019[16] - The weighted average return on equity for 2020 was 17.00%, an increase of 7.81% from 9.19% in 2019[16] - The net assets attributable to shareholders of the listed company increased by 88.45% to CNY 2,371,945,390.35 from CNY 1,258,668,135.88[18] Revenue Breakdown - The company’s LCD display module revenue was CNY 8,036,848,435.92, accounting for 75.81% of total revenue, with a year-on-year growth of 56.93%[46] - The revenue from camera products surged by 129.92% to CNY 2,019,798,135.90, representing 19.05% of total revenue[46] - The total operating revenue for the fourth quarter reached CNY 3,324,496,794.73, showing a significant increase compared to previous quarters[21] - The net profit attributable to shareholders for the fourth quarter was CNY 87,056,665.00, while the net profit after deducting non-recurring gains and losses was CNY 66,466,423.49[21] Cash Flow and Investments - The company raised approximately CNY 798 million through a private placement to fund the "irregular full-screen dual-in-one display module project" and to supplement working capital[43] - Operating cash inflow for 2020 was CNY 7,499,860,204.71, an increase of 47.08% compared to CNY 5,099,191,000.86 in 2019[58] - Total investment cash outflow increased by 44.50% to CNY 637,042,556.77 from CNY 440,852,227.69 in 2019[58] - Cash and cash equivalents increased by 3,302.56% to CNY 613,711,265.99 from CNY 18,036,743.33 in 2019[58] Market Position and Strategy - The company has established long-term stable partnerships with major brands such as OPPO, vivo, and Samsung, enhancing its market position[26] - The company plans to increase market development efforts with both domestic and international smartphone manufacturers[26] - The company has a diversified customer base, reducing dependency on any single client and minimizing business risks[32] - The company’s business model includes both ODM and direct partnerships with brand manufacturers, ensuring a robust supply chain[26] Research and Development - Research and development expenses increased by 43.08% to ¥305,125,680.26, accounting for 2.88% of total revenue[56] - The company is committed to increasing R&D investment to maintain its competitive edge in micro-camera and touch module technologies[99] - The company has developed several advanced technologies, including on-cell display modules and mini-LED backlight modules, which are now in mass production[55] Risk Management - The company faces market risks due to intense competition in the LCD module manufacturing industry, with competitors like BOE and Tianma, which may impact future revenue and profitability[97] - The company is addressing operational risks by closely monitoring raw material prices and adjusting inventory levels to mitigate the impact of price fluctuations[98] - The company reported a high inventory ratio, which poses liquidity risks if customer demand changes unexpectedly[98] Shareholder and Governance - The company has a structured profit distribution policy to ensure stability and protect minority shareholders' rights[103] - The company distributed cash dividends of 0.6 CNY per 10 shares for the 2019 fiscal year, totaling 12,125,422.08 CNY, and for the 2020 fiscal year, the dividend increased to 1.2 CNY per 10 shares, totaling 28,034,004.48 CNY[103] - The company has maintained its accounting policies and estimates without significant changes compared to the previous year[121] - The company has not engaged in false advertising or infringed on the intellectual property rights of suppliers and customers[151] Employee and Social Responsibility - The company has committed to ongoing employee welfare initiatives, including emergency assistance and job opportunities for disabled and remote area employees[156] - The company provided RMB 100,000 in aid to impoverished employees through the employee care foundation during the reporting period[154] - The company is committed to sustainability initiatives, with plans to reduce carbon emissions by 20% over the next three years[114] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 15% to 1.725 billion RMB[115] - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative technology solutions[116] - The company is positioned to benefit from the transition to 5G, which is expected to open up a trillion-dollar market[91]

2021 年第一季度报告 2021 年 04 月 1 深圳同兴达科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 深圳同兴达科技股份有限公司 2021 年第一季度报告全文 深圳同兴达科技股份有限公司 公司董事会、监事会及除以下存在异议声明的董事、监事、高级管理人员 外的其他董事、监事、高级管理人员均保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 董事、监事、高级管理人员异议声明 | | | 所有董事均已出席了审议本次季报的董事会会议。 公司负责人万锋、主管会计工作负责人李玉元及会计机构负责人(会计主管 人员)赖冬青声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳同兴达科技股份有限公司 2021 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 2,670,610,681.28 | 1,678,734,199.19 ...

Financial Performance - The company's operating revenue for 2019 was ¥6,195,959,819.12, representing a 51.29% increase compared to ¥4,095,390,344.80 in 2018[6]. - The net profit attributable to shareholders for 2019 was ¥110,553,727.30, a 12.71% increase from ¥98,086,403.19 in 2018[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,050,835.30, showing a significant decrease of 96.14% from ¥53,137,432.94 in 2018[6]. - The net cash flow from operating activities for 2019 was ¥393,895,669.41, down 5.43% from ¥416,490,440.88 in 2018[6]. - The total assets at the end of 2019 were ¥6,400,650,879.29, an increase of 41.09% compared to ¥4,536,510,953.38 at the end of 2018[6]. - The company's basic earnings per share for 2019 was ¥0.550, a 12.24% increase from ¥0.49 in 2018[6]. - The company reported a significant increase in government subsidies, amounting to ¥139,422,959.57 in 2019, compared to ¥55,479,299.95 in 2018[25]. - In 2019, the company achieved a revenue of CNY 619,595.98 million, a year-on-year increase of 51.29%[46]. - The net profit attributable to shareholders was CNY 11,055.37 million, reflecting a growth of 12.71% compared to the previous year[46]. - The company’s total assets reached CNY 640,065.09 million, up 41.09% year-on-year[46]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[18]. - The company primarily engages in the research, design, production, and sales of small to medium-sized LCD modules and camera modules, with over 90% of products applied in the mobile phone industry[29]. - The company has established stable long-term cooperation with major domestic mobile phone brands, including Huawei, OPPO, and Vivo, and aims to expand its market development efforts internationally[30]. - The company has established an advanced fully automated production line in Ganzhou to enhance processing capabilities and increase the proportion of high-end products[35]. - The company has completed the layout of its production bases, with two domestic bases in Ganzhou and Nanchang, and a production base in India, enhancing delivery capabilities[42]. - The company has established a new camera module factory in Nanchang to expand its production capacity[48]. - The company has established production bases in Ganzhou, Nanchang, and India, ensuring a comprehensive layout to maintain market competitiveness[92]. Research and Development - As of December 31, 2019, the company holds 153 utility model patents, 4 invention patents, and 24 software copyrights, showcasing its strong R&D capabilities[38]. - Research and development expenses increased by 115.95% to CNY 213.25 million, constituting 3.44% of total revenue[64]. - The number of R&D personnel increased by 74.61% to 887, representing 15.21% of the total workforce[64]. - The company has successfully developed several advanced technologies, including integrated touch display technology and AMOLED displays, which are now in mass production[63]. - The company aims to enhance its R&D capabilities and technical innovation through the investment in its R&D center, which will improve product competitiveness[81]. Market Position and Strategy - The company is positioned in a competitive industry that is experiencing a wave of technological innovation, particularly in optical and biometric recognition fields, driven by increasing demand for high-end products[32]. - The company is preparing for the transition to 5G technology, positioning itself to capitalize on the emerging trillion-dollar market[89]. - The company is facing market risks due to increasing competition in the LCD module manufacturing industry, which may impact future revenue and profitability[95]. - The company has a high concentration of suppliers for key raw materials, which poses a risk if any supplier fails to deliver on time or terminates the relationship[96]. Employee and Management - The total number of employees in the company is 5,832, with 454 in the parent company and 5,378 in major subsidiaries[196]. - The company emphasizes employee training, implementing annual training plans based on company needs and evaluating training effectiveness[198]. - The total compensation for the board and senior management is reported at 1,011 million, reflecting the company's investment in leadership[196]. - The company has established a comprehensive performance evaluation system and compensation scheme for its directors and senior management, linking remuneration to company performance[194]. Financial Management and Investments - The company reported a total investment of CNY 87,684,426.96 during the reporting period, a decrease of 71.30% compared to the previous year's investment of CNY 305,496,000.00[71]. - The company has committed investments totaling CNY 34,354.4 million, with a cumulative investment of CNY 34,507.17 million, achieving an investment progress of 100.37% as of February 28, 2019[81]. - The company has made commitments regarding the dilution of immediate returns from the public offering, which are currently being fulfilled[110]. Shareholder and Stock Information - The company plans to distribute a cash dividend of 0.6 CNY per 10 shares, totaling 12,125,422.08 CNY for 2019, which represents 10.97% of the net profit attributable to ordinary shareholders[102]. - The company repurchased 697,600 shares, accounting for 0.344% of the total share capital, with a total expenditure of 9,997,115 CNY[102]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends as a percentage of net profit ranging from 10.30% to 10.97%[106]. - The company’s stock repurchase plan was affected by market price conditions and operational funding priorities, leading to fewer opportunities for repurchase actions[166]. Compliance and Governance - The company has a structured governance framework, ensuring compliance and effective management practices[200]. - The company has made commitments to ensure that its actions do not infringe on company interests and to comply with regulatory requirements[115]. - The company has adopted new financial reporting standards effective January 1, 2019, which resulted in no adjustments to the comparative financial data[120]. - The company has established a clear timeline for the implementation of its stock incentive plans and related commitments[116].

同兴达（TXD） 深圳同兴达科技股份有限公司公告（2019） 证券代码：002845 证券简称：同兴达 公告编号：2019-055 深圳同兴达科技股份有限公司 关于参加 2019 年深圳上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流工作，深圳同兴达科技股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"改革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资者网 上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司的副总经理兼董事会秘书宫臣先生及财务总监李玉元女士将通过 网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告 ...

Financial Performance - The company's operating revenue for 2018 was CNY 4,095,390,344.80, representing an increase of 11.78% compared to CNY 3,663,651,804.41 in 2017[6]. - The net profit attributable to shareholders decreased by 34.27% to CNY 98,086,403.19 from CNY 149,215,405.65 in the previous year[6]. - The total profit was 113.62 million yuan, a decrease of 35.04% year-on-year, while the net profit attributable to shareholders was 98.09 million yuan, down 34.27%[43]. - The company reported a significant drop in net profit after deducting non-recurring gains and losses, which fell by 50.83% to CNY 53,137,432.94[6]. - Total assets increased by 45.05% to CNY 4,536,510,953.38 from CNY 3,127,537,030.46 in 2017[6]. - The weighted average return on equity decreased to 9.43% from 17.52% in the previous year, indicating a decline in profitability[6]. - The company achieved total revenue of 4,095.39 million yuan, an increase of 11.78% compared to the same period last year[43]. - The revenue from touch-integrated modules surged by 70.72% to ¥2,400,619,347.63, while LCM display module revenue decreased by 27.58% to ¥1,612,218,941.18[49]. - The company reported a total revenue of 1,315,434,442.81 CNY for the year 2018, reflecting a significant increase compared to the previous year[122]. Cash Flow and Investments - The net cash flow from operating activities significantly improved by 482.17%, reaching CNY 416,490,440.88 compared to CNY 71,541,386.27 in 2017[6]. - Operating cash inflow increased by 36.12% to ¥3,880,586,732.65, while operating cash outflow rose by 24.64% to ¥3,464,096,291.77, resulting in a net cash flow from operating activities of ¥416,490,440.88, up 482.17%[65]. - Investment cash inflow surged by 43,390.23% to ¥206,938,752.61, while investment cash outflow increased by 40.15% to ¥449,076,841.24, leading to a net cash outflow from investment activities of ¥242,138,088.63[65]. - The company raised a total of RMB 383.76 million from the issuance of 24 million shares at RMB 15.99 per share, with a net amount of RMB 343.54 million after deducting issuance costs of RMB 40.22 million[76]. - The company committed RMB 34.35 million to investment projects, with a cumulative investment of RMB 33.19 million, achieving an investment progress of 96.64%[79]. Dividend Policy - The company reported a profit distribution plan to distribute a cash dividend of 0.50 CNY per 10 shares, based on a total of 202,090,368 shares[4]. - In 2018, the company plans to distribute a cash dividend of 0.5 yuan per 10 shares, totaling 10,104,518.4 yuan, which represents 10.30% of the net profit attributable to ordinary shareholders[112]. - The total cash dividend represents a commitment to returning value to shareholders, reinforcing investor confidence[114]. - The company's cash dividend distribution policy ensures continuity and stability, protecting the rights of minority investors[108]. Operational Stability and Growth - The company has not changed its main business since its listing, indicating stability in its operations[16]. - The company established stable long-term cooperation with major domestic smartphone brands such as Huawei, OPPO, and Vivo, contributing to over 75% of its operating revenue[28]. - The company completed the construction and trial production of the ON-CELL project production base in Ganzhou, significantly improving production capacity and reducing unit product costs[44]. - The company is focusing on enhancing the competitiveness of its products, with a significant increase in the proportion of full-lamination modules and a strong layout in the comprehensive screen product segment[45]. - The company is actively developing camera module products, which are expected to become an important new profit point[44]. Risk Management - The company emphasizes the importance of risk awareness regarding operational risks, industry competition, technological updates, and exchange rate risks[5]. - The company is facing competition risks from both specialized LCD module manufacturers and large upstream manufacturers, which may impact future revenue and profitability[97]. - The company has a high inventory ratio, which could negatively impact liquidity if customers face operational issues[102]. - The company has implemented an order-based production model to mitigate raw material price fluctuation risks, but still faces potential impacts from price increases[100]. - The company has a stable management team and core technical personnel, but faces risks related to talent retention as it continues to grow[103]. Research and Development - Research and development expenses amounted to 97,664,081.33 CNY, indicating the company's commitment to innovation and technology development[124]. - The company has developed several advanced technologies, including integrated touch display technology and AMOLED, with mass production capabilities established for its full-screen and In-cell products[63]. - The company is investing in the construction of fully automated production lines and developing multiple full-screen products to attract new high-quality customers[86]. - The company plans to enhance its competitive edge by establishing a research and development center and improving production efficiency and capacity[92]. Corporate Governance - The company has maintained compliance with all regulatory commitments, ensuring transparency and accountability in its operations[115]. - The company has been actively involved in the appointment of independent directors, such as Zhu Yan and Meng Xiaojun, to strengthen governance[186][189]. - The management team is committed to enhancing corporate governance through the appointment of independent directors across various sectors[189]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating a stable compliance record[189]. Employee Relations - The company has established an employee care fund to support employees in need and enhance employee cohesion[147]. - The company has committed to ongoing employee welfare initiatives, including providing job opportunities and vocational training for disadvantaged groups[151]. - The company has established a comprehensive training program for employees, assessing training effectiveness annually[196]. - The company employed a total of 5,386 staff, with 4,763 in production, 508 in technical roles, and 34 in sales[193].

Financial Performance - The company's operating revenue for 2017 was CNY 3,663,651,804.41, representing a 30.81% increase compared to CNY 2,800,766,966.65 in 2016[6]. - The net profit attributable to shareholders for 2017 was CNY 149,215,405.65, a 52.81% increase from CNY 97,647,830.06 in 2016[6]. - The company achieved a revenue of 3.664 billion yuan in 2017, representing a year-on-year growth of 30.81%[37]. - The net profit attributable to shareholders reached 149 million yuan, with a year-on-year increase of 52.81%[37]. - Total revenue for 2017 reached CNY 3,663,651,804.41, representing a 30.81% increase from CNY 2,800,766,966.65 in 2016[43]. - The company reported a continuous operating net profit of RMB 149,215,405.65 for the year 2017, compared to RMB 97,647,830.06 in 2016, indicating a significant increase[114]. - The company reported a net profit margin of 15% for 2017, an increase from 12% in 2016[109]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to CNY 66,541,386.27, a 168.52% increase from a negative CNY 97,112,970.65 in 2016[6]. - Operating cash inflow increased by 62.95% to 2,845,802,232.63 CNY in 2017, while operating cash outflow rose by 50.76% to 2,779,260,846.36 CNY[56]. - The company reported a net increase in cash and cash equivalents of 126,016,621.55 CNY, a 239.81% increase compared to the previous year[56]. - The company made significant investments totaling 384,504,000.00 CNY during the reporting period, marking a 100% increase from the previous year[62]. - The company’s financing cash inflow surged by 275.15% to 598,676,618.88 CNY, while cash outflow from financing activities increased by 7,635.47% to 224,270,366.70 CNY[56]. Dividends and Share Capital - The company plans to distribute a cash dividend of 0.80 RMB per 10 shares to all shareholders, based on a total of 201,347,968 shares[4]. - In 2017, the company plans to distribute cash dividends of 0.8 RMB per share, totaling 16,107,837.44 RMB, which represents 10.80% of the net profit attributable to shareholders[103]. - The company implemented a cash dividend policy, distributing a total of 9,600,000 RMB in cash dividends for 2016, which is 10% of the net profit attributable to shareholders[100]. - The company completed a capital reserve transfer to increase share capital, resulting in a total share capital of 201,347,968 shares as of September 29, 2017[161]. - The company issued 24 million shares at a price of 15.99 RMB per share on January 13, 2017, leading to a total share capital increase from 72 million to 96 million shares[160]. Research and Development - The company is focusing on R&D for AMOLED modules and integrated touch display modules, with AMOLED modules starting trial production[27]. - R&D investment increased by 45.02% from 67,343,397.95 CNY in 2016 to 97,664,081.33 CNY in 2017, representing 2.67% of total revenue[54]. - The number of R&D personnel rose by 18.38% from 321 in 2016 to 380 in 2017, accounting for 11.39% of the total workforce[54]. - The company is investing in R&D for camera modules and biometric recognition modules to accelerate equipment update speed and maintain competitive advantage[95]. - The company is actively developing new technologies for energy-saving and low-power consumption in liquid crystal displays to align with global low-carbon trends[83]. Market Position and Strategy - The company has established stable long-term partnerships with major domestic smartphone manufacturers, enhancing its market position[28]. - The company aims to increase the proportion of camera modules in its product lineup significantly in the future[28]. - The company is focusing on automated intelligent manufacturing to enhance production efficiency and achieve large-scale production[38]. - The company aims to deepen its market understanding and improve customer service capabilities by aligning its R&D with customer needs[38]. - The company plans to increase its market share in integrated touch display products while intensifying development efforts for optical camera modules, targeting major mobile brand manufacturers as key clients[86]. Operational Risks and Challenges - The company acknowledges various operational risks, including industry competition, technological updates, and exchange rate risks[4]. - The company is facing risks related to supplier concentration, with key materials like liquid crystal panels and driver ICs being critical for production[89]. - The company has strengthened supplier and customer management to mitigate risks associated with raw material price fluctuations, particularly for LCD and IC components[93]. Corporate Governance and Management - The company has established a competitive incentive mechanism, including stock options for 26 management and core technical personnel, to enhance talent retention and stability[96]. - The company has a performance evaluation system that determines remuneration based on job responsibilities and company performance[183]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[193]. - The company maintains a clear separation from its controlling shareholders in terms of business, assets, personnel, and finances, ensuring operational independence[196]. - The company has established independent financial management systems, including a dedicated finance department and independent accounting practices[199]. Subsidiaries and Expansion - The company has established two new subsidiaries: Nanchang Tongxingda Precision Optoelectronics Co., Ltd. and Nanchang Tongxingda Intelligent Display Co., Ltd.[37]. - The company established two new wholly-owned subsidiaries in September 2017, increasing the scope of consolidated financial statements by 2 entities, with registered capital of RMB 30 million and RMB 10 million respectively[116]. - The subsidiary Ganzhou Tongxingda reported total assets of RMB 1.01 billion and a net profit of RMB 26.84 million, contributing significantly to the company's overall performance[76]. Future Outlook - The company provided a performance guidance for 2018, expecting a revenue growth of 25% compared to 2017[108]. - Future guidance indicates a commitment to research and development, with plans to invest in new technologies and products to drive growth[177]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[106]. - The company anticipates a new wave of smartphone upgrades driven by the evolution of mobile communication technologies, particularly 5G[81].