证券代码：002845 证券简称：同兴达 深圳同兴达科技股份有限公司 投资者关系活动记录表 编号：20200630 | --- | --- | --- | |--------------|------------------------|--------------------------------------------------------------| | | | | | | ▇ | 特定对象调研 □分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系 | □ 新闻发布会 □路演活动 | | | 活动类别 | □现场参观 | | | | □ | 其他（请文字说明其他活动内容） | | 参与单位名称 | | 金元证券：胡凤龙；狮峰投资管理有限公司：唐永华；个人投资者： | | 及人员姓名 | 肖红梅 | | | 时间 | 2020 年 6 月 30 | 日 下午 15： 00-16:00 | | 地点 | | 深圳同兴达科技股份有限公司 会议室 | | 上市公司 | | 副总经理兼董事会秘书李岑女士、证券事务代表宫兰芳女士、对外投 | | 接待人员姓名 | 资部总经理宫臣先生 | ...

证券代码：002845 证券简称：同兴达 深圳同兴达科技股份有限公司投资者关系活动记录表 编号：20210716 | --- | --- | --- | |----------------------------|-----------------------------------------|----------------------------------------------------------| | 投资者关系活动 \n类别 \n | 特定对象调研 \n□媒体采访 \n□现场参观 | 分析师会议 \n 业绩说明会 \n□新闻发布会 □路演活动 \n 其他 | | 参与单位名称及 | 天风证券 潘暕 | | | 人员姓名 | 远致瑞信 谢源澔 | | | | 财信证券 | 顾少华 李侃 | | | 吉渊投资 陈晓伟 | | | | 万和证券 张品 | | | | 华杉投资 冯都 | | | 时间 2021 | 盈峰资本 张珣 年 7 月 16 | 日 | | 地点 公司会议室 | | | | 上市公司接待人 员姓名 | | 董事，副总裁隆晓燕，董秘、副总经理李岑 | | | Q1: | 请问同 ...

深圳同兴达科技股份有限公司 2022 年第三季度报告 证券代码：002845 证券简称：同兴达 公告编号：2022-078 深圳同兴达科技股份有限公司 2022 年第三季度报告 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： 深圳同兴达科技股份有限公司 2022 年第三季度报告 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 2,075,117,658.49 | -27.73% | 6,391,631,142.73 | -29.11% | | 归属于上市公司股东 | -57,204,298.68 | -170.33% | 48,802,119.10 | -85.06% | | 的净利润（元） | | | | | | 归属于上市公司股东 的扣除非经常性损益 | -85,837,7 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥4,316,513,484.24, a decrease of 29.76% compared to ¥6,144,967,901.94 in the same period last year[24]. - The net profit attributable to shareholders was ¥106,006,417.78, down 56.79% from ¥245,300,347.24 year-on-year[24]. - The net cash flow from operating activities was ¥217,325,207.28, a decline of 59.82% compared to ¥540,874,799.64 in the previous year[24]. - The basic earnings per share decreased to ¥0.45, down 57.14% from ¥1.05 in the same period last year[24]. - Total assets at the end of the reporting period were ¥8,088,054,711.81, a decrease of 12.84% from ¥9,279,166,386.75 at the end of the previous year[24]. - The net assets attributable to shareholders increased slightly by 1.16% to ¥2,797,918,123.35 from ¥2,765,895,146.75 at the end of the previous year[24]. - The company reported a net profit excluding non-recurring gains and losses of -¥25,453,914.10, a decline of 112.34% compared to ¥206,316,422.86 in the same period last year[24]. - The weighted average return on equity was 3.76%, down 6.07% from 9.83% in the previous year[24]. - The company achieved operating revenue of CNY 4,316,513,484.24, a decrease of 29.76% compared to the same period last year[53]. - Net profit attributable to shareholders was CNY 10,600,640, a decline of 56.79% year-on-year, primarily due to the impact of COVID-19 and economic downturn[42]. - The total profit for the first half of 2022 was CNY 49,649,813.30, a decline of 81.2% compared to CNY 264,570,857.50 in the same period of 2021[161]. - The company's total comprehensive income for the first half of 2022 was CNY 94,932,310.71, a decrease of 62.8% compared to CNY 255,307,435.93 in the previous year[161]. Revenue and Cost Analysis - Total operating costs for the first half of 2022 were CNY 4,387,495,879.58, down from CNY 5,913,098,245.52 in the same period of 2021[159]. - Revenue from liquid crystal display modules was CNY 3,375,012,434.1, accounting for 78.19% of total revenue, down 29.88% year-on-year[54]. - Domestic revenue decreased by 34.33% to CNY 3,374,251,599.1, representing 78.17% of total revenue, while international revenue decreased by 6.39% to CNY 942,261,885.08, accounting for 21.83%[54]. - The company's gross profit margin decreased due to rising fixed costs and an increase in the proportion of low-margin products[42]. - The gross profit margin for the optical electronic devices sector was 6.05%, down 4.07% from the previous year[55]. Investment and R&D - Research and development investment amounted to CNY 156,426,985.60, a decrease of 5.07% compared to the previous year[53]. - The company has invested heavily in smart manufacturing platforms, with over 40 integrated production lines for various products, enhancing its production efficiency and quality[38]. - The company has completed mass production of key technologies such as blind holes and under-screen fingerprint recognition, with further R&D ongoing for flexible OLED and MiniLED technologies[49]. - The company aims to invest in new product development and technology to drive future growth[173]. Market Position and Strategy - The company has established a leading position in the consumer electronics module industry, particularly in LCD and optical camera modules, with strong partnerships with major brands like OPPO, vivo, and Samsung[32]. - The company operates under a direct sales model, maintaining stable relationships with major industry players and continuously exploring new market opportunities[40]. - The company is focused on expanding its customer base beyond the mobile phone industry to minimize client dependency risks[44]. - The company plans to enhance competitiveness by diversifying its customer base beyond the mobile phone industry and increasing investment in R&D to strengthen core competencies[87]. - The company is considering potential mergers and acquisitions to enhance its competitive advantage in the industry[173]. Financial Health and Liabilities - The company's total equity was CNY 2,815,428,255.12, down from CNY 3,058,970,201.34, reflecting a decrease of about 8%[153]. - The total liabilities decreased to CNY 5,272,626,456.69 from CNY 6,220,196,185.41, indicating a reduction of about 15.3%[153]. - The company's cash and cash equivalents decreased to CNY 970,878,706.11, representing 12.00% of total assets, down from 16.30%[57]. - The company has a structured approach to guarantees, with specific dates for fulfillment and clear documentation of obligations[124]. - The company has a series of debt obligations with varying amounts and terms, including a 40,000 obligation due on June 22, 2022[128]. Risks and Challenges - The company faces potential market and operational risks, which are detailed in the risk management section of the report[4]. - The company is facing challenges in the consumer electronics module industry due to external factors such as fluctuating demand and rising costs from the pandemic and geopolitical tensions[32]. - The ongoing COVID-19 pandemic poses a risk to the company's operational performance if not contained[83]. - The company faces market risks due to increasing competition in the liquid crystal display module manufacturing industry, which may impact future revenue and profitability[81]. - High inventory levels pose a risk to liquidity and increase the potential for inventory write-downs if customer demand falters[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 22,758[138]. - Major shareholder Wan Feng holds 22.67% of shares, totaling 53,114,330 shares, with 31,100,000 shares pledged[138]. - Major shareholder Zhong Xiaoping holds 18.57% of shares, totaling 43,522,000 shares, with 21,610,000 shares pledged[138]. - The total number of limited sale condition shares is 74,902,853, representing 31.97% of total shares[136]. - The total number of unrestricted sale condition shares is 159,411,451, representing 68.03% of total shares[136]. Corporate Governance - The financial report for the half-year period was not audited, which may impact the perception of financial reliability[149]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period, ensuring stability in ownership[142]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period, indicating consistent leadership[141]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[106].

深圳同兴达科技股份有限公司 2022 年第一季度报告全文 证券代码：002845 证券简称：同兴达 公告编号：2022-040 深圳同兴达科技股份有限公司 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 2,156,680,759.21 | 2,670,610,681.28 | -19.24% | | 归属于上市公司股东的净利润（元） | 77,341 ...

Financial Performance - The company's operating revenue for 2021 was ¥12.86 billion, representing a 21.31% increase compared to ¥10.60 billion in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥362.06 million, a 40.33% increase from ¥257.99 million in 2020[6]. - The net cash flow from operating activities reached ¥936.70 million, a significant increase of 1,117.23% compared to ¥76.95 million in 2020[6]. - The basic earnings per share for 2021 was ¥1.55, up 25.00% from ¥1.24 in 2020[6]. - The total assets at the end of 2021 were ¥9.28 billion, a slight decrease of 0.51% from ¥9.33 billion at the end of 2020[6]. - The net assets attributable to shareholders increased by 16.61% to ¥2.77 billion from ¥2.37 billion in 2020[6]. - The company achieved a revenue of 1,286,042.42 million CNY, representing a year-on-year growth of 21.31%[54]. - The net profit attributable to shareholders was 36,205.56 million CNY, an increase of 40.33% compared to the previous year[54]. Dividend and Capital Management - The company plans to distribute a cash dividend of 1.60 RMB per 10 shares to all shareholders, based on a total of 234,314,304 shares[6]. - The company will increase its capital reserve by converting 4 shares for every 10 shares held by shareholders[6]. - The cash dividend distribution plan is subject to approval at the annual shareholders' meeting, indicating potential uncertainty[169]. - The company did not adjust its profit distribution policy during the reporting period, maintaining a stable dividend policy[167]. Market and Industry Trends - The global smartphone shipments in 2021 reached 1.32 billion units, a growth of 6.10% compared to 2020[35]. - The global tablet shipments totaled 168 million units in 2021, marking a 2.9% year-on-year increase, the highest level since 2016[35]. - The global optical camera module industry size was estimated to exceed ¥200 billion in 2021[36]. - The global display driver chip packaging and testing market reached $3.6 billion in 2020, growing by 20% compared to 2019, and is expected to reach $5.61 billion by 2025[41]. - The display driver chip packaging market in mainland China was valued at 4.68 billion yuan in 2020, accounting for 34.49% of the total Chinese market, with a projected growth to 28.08 billion yuan by 2025, reflecting a CAGR of approximately 11.10%[43]. Product Development and Innovation - The company is focused on expanding its product offerings in the display technology sector, including advancements in LCD and AMOLED technologies[15]. - The company is actively developing new technologies and products in various fields, including automotive, industrial control, AR/VR, and MiniLED backlighting[54]. - The company has made significant advancements in optical camera module technology, with ongoing research in optical zoom, TOF, and structured light technologies[63]. - The company has completed the development of several new camera module technologies aimed at enhancing product quality and market competitiveness[88]. - The company has achieved mass production of irregularly shaped cover plates, broadening the wearable product range and increasing market share[84]. Risk Management - The company has outlined potential risks in its future development outlook, which investors should be aware of[6]. - The company faces market risks, including competition from both specialized manufacturers and large upstream suppliers, which may impact future revenue and profitability[126]. - The company is also exposed to risks from potential industry growth slowdown and the ongoing impact of the COVID-19 pandemic on operations[127]. - The company faces risks from fluctuations in raw material prices, particularly for LCDs, which could impact production and profitability if prices rise sharply and supply is constrained[128]. - High inventory levels pose a risk to liquidity and could lead to inventory write-downs if customer demand falters[128]. Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has confirmed the integrity of its annual report by its board and management[5]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and fairness in shareholder meetings[133]. - The company has implemented a strict information disclosure policy, ensuring timely and accurate communication of significant events to shareholders[134]. - The company has established an independent financial accounting department, ensuring independent financial decision-making and tax compliance[138]. - The company has committed to improving the quality of information disclosure, ensuring it is accurate, complete, and timely[182]. Employee and Stakeholder Relations - The company respects and maintains the legitimate rights and interests of stakeholders, promoting balanced interests among shareholders, employees, and the company[135]. - The company emphasizes employee rights protection, ensuring compliance with labor laws and providing timely insurance payments, which enhances employee satisfaction and loyalty[186]. - The company has established a comprehensive compensation incentive policy that links business performance with individual contributions[164]. - The total number of employees at the end of the reporting period was 9,034, with 483 in the parent company and 8,551 in major subsidiaries[162]. - The company reported a significant increase in the number of employees under 30 years old, rising by 15.43% to 905[88]. Strategic Initiatives - The company plans to focus on technology innovation and enhance core competitiveness by increasing investment in R&D and improving product quality and supply chain responsiveness[122]. - The company aims to expand its market share by deepening cooperation with existing major clients and increasing efforts to develop new domestic and overseas customers, particularly in the Indian market[124]. - The company is advancing the semiconductor advanced packaging project to capitalize on the local supply chain opportunities in the display panel industry[123]. - The company has committed to investing 100 million RMB in research and development to innovate new technologies over the next three years[194]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[194].

深圳同兴达科技股份有限公司 2021 年第三季度报告 证券代码：002845 证券简称：同兴达 公告编号：2021-080 深圳同兴达科技股份有限公司 2021 年第三季度报告 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.第三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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 2,871,274,477.02 | -8.84% | 9,016,242,378.96 | 2 ...

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]