证券代码：002992 证券简称：宝明科技 深圳市宝明科技股份有限公司投资者关系活动记录表 编号：2022-001 | --- | --- | --- | --- | |---------------------|--------------------------------|--------------------------------------------------------|-------| | | | | | | | ☑ | 特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | 投资者关系活动 类别 | □新闻发布会 | □路演活动 | | | | ☑ 现场参观 | | | | | □其他 | （请文字说明其他活动内容） | | | | 鑫鼎基金 刘磊 | | | | | 鹏华基金 王振宇 | | | | | 博时基金 赵耀 | | | | 参与单位名称及 | 大成基金 郭玮玲、陈铭 | | | | 人员姓名 | 摩根华鑫 何茜 | | | | | 南方基金 陈卓 | | | | | 融通基金 李进 | | | | | 华泰证券 | 陈爽、赵新莉、冷昊禹 | ...

证券代码：002992 证券简称：宝明科技 编号：2022-002 | --- | --- | --- | --- | --- | |---------------------|-------------------|----------------------------|-------|-------| | | | | | | | | ☑ | 特定对象调研 □分析师会议 | | | | | | □媒体采访 □业绩说明会 | | | | 投资者关系活动 类别 | □新闻发布会 | □路演活动 | | | | | ☑ 现场参观 | | | | | | □其他 | （请文字说明其他活动内容） | | | | | 长江证券 王伟 | | | | | | 中信证券 胡爽 | | | | | | 钜米资本 何媚 | | | | | | 圣耀资本 杨晧 | | | | | | 金元证券 黄斌 | | | | | | 景林资产 张钊 | | | | | | 长城基金 刘疆 | | | | | | 悦溪基金 张国栋 | | | | | | 云禧基金 李伟杰 | | | | | | 湾区产融 刘伟杰 | | | | | | ...

证券代码：002992 证券简称：宝明科技 深圳市宝明科技股份有限公司投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

深圳市宝明科技股份有限公司 2022 年第三季度报告 证券代码：002992 证券简称：宝明科技 公告编号：2022-080 深圳市宝明科技股份有限公司 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： 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 1 深圳市宝明科技股份有限公司 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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|------------------------|------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥489,520,469.56, a decrease of 11.42% compared to ¥552,640,687.45 in the same period last year[28]. - The net loss attributable to shareholders was ¥69,794,771.56, an improvement of 21.30% from a loss of ¥88,681,119.91 in the previous year[28]. - The net cash flow from operating activities decreased by 60.71%, amounting to ¥38,170,517.70, compared to ¥97,155,921.12 in the same period last year[28]. - Total assets at the end of the reporting period were ¥1,965,802,005.67, down 16.51% from ¥2,354,488,573.04 at the end of the previous year[28]. - The net assets attributable to shareholders decreased by 6.05%, totaling ¥1,045,158,687.89 compared to ¥1,112,501,526.49 at the end of the previous year[28]. - The basic earnings per share were -¥0.39, an improvement of 20.41% from -¥0.49 in the same period last year[28]. - The company's financial expenses increased by 262.43% to approximately ¥8.39 million, mainly due to reduced interest income and increased interest expenses[84]. - Cash and cash equivalents at the end of the reporting period amounted to ¥342,193,289.04, representing 17.41% of total assets, a decrease of 5.10% compared to the previous year[92]. - The company reported a significant decrease in investment amounting to ¥46,071,204.69, down 70.40% from ¥155,667,409.74 in the same period last year[97]. - The company's unallocated profits reached -¥23,172,816.46, indicating a loss that impacted overall financial health[95]. Business Operations - The company specializes in the R&D, design, production, and sales of LED backlight sources and capacitive touch screens, which are essential components of flat panel displays used in smartphones, tablets, and automotive displays[38]. - The company has maintained steady growth in its main business areas without significant changes in its operational model during the reporting period[39]. - The company has established a comprehensive supply chain management system, implementing strict supplier selection processes and maintaining strategic partnerships with key raw material suppliers to ensure stable supply[64]. - The company has developed industry-leading technologies in LED backlight sources and capacitive touch screens, collaborating with major manufacturers like OPPO and Xiaomi to innovate products[74]. - The company’s production model is based on "sales-driven production," ensuring that production plans are closely aligned with customer orders[65]. - The company’s sales strategy focuses on maintaining relationships with major clients through dedicated project teams that engage in the entire product development process[66]. - The company is actively expanding its market share by enhancing customer stickiness and developing customized products based on client needs[70]. - The company has established strategic partnerships with major panel manufacturers, ensuring stable orders and reducing operational risks[77]. - The company has achieved a high level of automation in its production process, enhancing production stability and efficiency[78]. Product Development - The company has initiated the development of lithium battery composite copper foil products, identifying it as a promising growth area with significant market potential[71]. - The lithium battery composite copper foil product can reduce weight by over 60% at a thickness of 6um and over 50% at 4.5um, enhancing energy density and safety[57]. - The lithium battery composite copper foil improves energy density by over 5% and reduces surface density by over 70% compared to traditional electrolytic copper foil[58]. - The lithium battery composite copper foil enhances battery cycle life by 5% by absorbing stress during charge and discharge processes[59]. - The company’s capacitive touch screen business includes processes such as thinning and ITO coating, enhancing the functionality and user experience of glass panels[50][52]. - The company aims to increase the sales proportion of automotive and medium-sized backlight products while reducing the share of mobile phone backlight sales[116]. - The company has adjusted its operational strategy to enhance product structure and increase R&D investment in new products and technologies[116]. Governance and Shareholder Relations - The company emphasizes the protection of shareholder rights, particularly for minority investors, in its governance practices[139]. - The company has established a comprehensive corporate governance structure in compliance with laws and regulations, ensuring accurate and timely information disclosure to protect shareholders' rights[145]. - The company has implemented an employee stock incentive plan to attract and retain management and core personnel, enhancing team cohesion and competitiveness[72]. - The company approved a restricted stock incentive plan on April 6, 2022, with a grant price of 6.49 CNY per share for 639.96 million shares[130]. - A total of 561.69 million shares were actually granted to 80 individuals under the restricted stock incentive plan, with the listing date on June 20, 2022[131]. - The company held two temporary shareholder meetings in 2022, with investor participation rates of 56.43% and 49.89% respectively[123]. Environmental and Social Responsibility - The company actively participates in charitable activities, including donations of air conditioning units to local community centers[138]. - The company has implemented effective measures for environmental protection and has not experienced any major pollution incidents during the reporting period[144]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[135]. Market Challenges - The company faces risks from intensified market competition and is implementing measures to enhance production automation and quality control[117]. - The company reported a revenue of 489.52 million yuan for the first half of 2022, with a net loss of 69.65 million yuan, primarily due to the continued decline in prices of backlight products[115].

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% compared to 2020[19]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[19]. - The company's operating revenue for 2021 was ¥1,115,367,986.58, a decrease of 19.08% compared to the previous year[27]. - The net profit attributable to shareholders was -¥354,266,400.59, representing a decline of 1,246.97% year-over-year[27]. - The basic and diluted earnings per share for 2021 were both -¥1.98, a decrease of 1,090.00% compared to 2020[31]. - The total assets at the end of 2021 were ¥2,354,488,573.04, down 9.34% from the previous year[31]. - The company's weighted average return on equity was -27.03% for 2021, a decline of 29.86% compared to 2020[31]. - The company reported a quarterly revenue of ¥295,143,877.83 in Q4 2021, with a net profit of -¥204,556,205.50 for the same quarter[37]. - The total profit for 2021 was CNY -33.93 million, representing a decline of 1406.98% year-on-year[137]. - The company reported a net loss of CNY -35.49 million, a decrease of 1238.38% from the previous year[137]. Research and Development - The company plans to invest 20% of its revenue into research and development for new technologies and products in 2022[19]. - Research and development expenses increased by 18.18% to CNY 9.88 million, reflecting a focus on product transformation and new technology[137]. - R&D investment amounted to ¥98,759,084.22, an 18.18% increase from ¥83,566,460.41 in 2020, with R&D expenditure accounting for 8.85% of operating revenue[167]. - R&D personnel increased to 229, representing a 15.08% growth compared to 199 in the previous year[167]. - The company is currently developing new technologies and processes for backlight sources and touch screens to meet diverse customer needs and enhance market competitiveness[164]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share in that region by 2023[19]. - Future guidance indicates an expected revenue growth of 20% for 2022, driven by new product launches and market expansion efforts[19]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[19]. - The company plans to establish a joint venture in Shanghai to better serve automotive manufacturers and expand its market presence[142]. Industry Trends and Challenges - The management highlighted potential risks including market volatility and supply chain disruptions that could impact future performance[6]. - The industry is constrained by reliance on imported raw materials and core equipment, which limits the development of the new flat panel display device industry in China[94]. - The competitive landscape of the LED backlight source manufacturing industry has shifted significantly, with production capacity moving to mainland China post-2008 financial crisis, leading to rapid growth in domestic manufacturers[95]. - The touch screen industry is experiencing structural overcapacity, with a trend towards industry consolidation as smaller, less technologically advanced manufacturers exit the market[98]. Production and Operations - The company has established a strong supply chain, entering the supply chains of major clients such as BOE, Tianma, and Samsung, indicating broad recognition in the industry[106]. - The production model is based on "sales-driven production," where production plans are developed according to customer orders, ensuring efficient operations[120]. - The company has achieved a high level of automation in its production processes, utilizing advanced automated assembly machines and inspection equipment, significantly improving production stability[131]. - The company has developed unique full-process production advantages, allowing for rapid response to large-scale customer demands and customization of products based on specific requirements[135]. Financial Position and Investments - The total investment amount for the reporting period was CNY 369,310,987.64, representing a 27.82% increase compared to CNY 288,939,342.25 in the previous year[185]. - The company's equity capital increased to CNY 179,349,235.00, up 2.33% from CNY 137,960,950.00[180]. - The company has invested CNY 7,651.29 million in the LED backlight expansion project, achieving 73.98% of the planned investment[191]. - The company has allocated CNY 10,126.46 million for the capacitive touchscreen expansion project, reaching 67.50% of the planned investment[191]. Customer and Supplier Relationships - The total sales amount from the top five customers was ¥981,732,614.43, which accounted for 88.02% of the annual total sales[159]. - The total procurement amount from the top five suppliers was ¥268,468,596.53, representing 31.28% of the annual total procurement[160]. - The company has built a reliable customer base, including leading panel manufacturers like BOE and Tianma, which provides stable orders and reduces operational risks[130].

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% compared to 2020[19]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase from the previous year[19]. - The company's operating revenue for 2021 was ¥1,115,367,986.58, a decrease of 19.08% compared to ¥1,378,393,381.42 in 2020[27]. - The net profit attributable to shareholders for 2021 was -¥354,266,400.59, representing a significant decline of 1,246.97% from a profit of ¥30,887,181.78 in 2020[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥363,705,483.96, a decrease of 3,727.48% compared to ¥10,026,386.61 in 2020[27]. - The total profit for 2021 was CNY -33,934,360, a decline of 1,406.98% year-on-year[137]. - The company reported a net loss of CNY -35,489,950, a decrease of 1,238.38% compared to the previous year[137]. - The LED backlight segment generated revenue of CNY 892,416,703.44, down 29.07% from CNY 1,258,170,824.26 in 2020[143]. Research and Development - The company plans to invest RMB 200 million in R&D for new product development in 2022, focusing on advanced display technologies[19]. - R&D expenses increased by 18.18% to CNY 9,875,910, reflecting a focus on product transformation and new technology development[137]. - The number of R&D personnel increased to 229, representing a growth of 15.08% compared to the previous year[167]. - R&D investment amounted to ¥98,759,084.22, an increase of 18.18% from ¥83,566,460.41 in 2020, with R&D investment accounting for 8.85% of operating revenue[167]. - The company has achieved a high level of automation in its production process, utilizing advanced automated assembly machines and inspection equipment, significantly improving production stability and efficiency[131]. - The company has accumulated extensive production experience in both LED backlight sources and capacitive touch screens over more than a decade[108]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 20% for 2022, driven by market expansion and new product launches[19]. - Market expansion efforts include entering two new international markets, aiming for a 10% market share in each by the end of 2023[19]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market presence[19]. - The company aims to expand its capabilities in high-generation TFT-LCD and AMOLED technologies, as indicated in various government policies[48]. - The company has established deep cooperative relationships with major terminal manufacturers such as OPPO, vivo, and Xiaomi, focusing on the development of cutting-edge products to meet future industry trends[127]. Industry Trends and Challenges - The company is facing risks from rapid technological updates in the flat panel display industry, requiring quick market response and flexible production capabilities to adapt to changing customer demands[95]. - The reliance on imported raw materials and core equipment is a significant constraint on the industry's development, as high-value materials still depend heavily on imports[95]. - The competitive landscape for LED backlight manufacturing has shifted significantly, with many manufacturers moving production to mainland China, enhancing domestic competition[96]. - The touch screen industry is experiencing structural overcapacity, leading to a trend of industry consolidation as smaller, less competitive firms exit the market[99]. - The industry requires a highly skilled workforce with cross-disciplinary expertise, creating a talent barrier that complicates entry for new competitors[105]. Financial Position and Assets - The company’s total assets at the end of 2021 were CNY 235,448,860, with equity attributable to shareholders amounting to CNY 111,250,150[137]. - The company’s cash and cash equivalents at the end of the reporting period amounted to ¥238,498,463.18, primarily restricted due to bank acceptance deposits and letter of credit guarantees[182]. - The company reported an asset impairment loss of ¥88,472,821.00, which accounted for 26.07% of total profit[172]. - The company’s total liabilities decreased, with current liabilities at ¥48,435,158.72, down 0.63% from ¥70,185,833.34, mainly due to a reduction in long-term borrowings due within one year[180]. Production and Operations - The company has implemented a rigorous supplier selection process to ensure quality and stability in raw material supply[119]. - The production model is based on "sales-driven production," ensuring that manufacturing aligns closely with customer orders[120]. - The company has optimized its automated production lines, enhancing efficiency and reducing waste, which contributed to improved production capacity[141]. - The company has developed a unique full-process production advantage, allowing for rapid response to large-scale demands from clients while ensuring product customization[135]. Corporate Governance and Compliance - The company maintains a strong commitment to corporate governance and transparency in its operations[5]. - The company has not engaged in any securities or derivative investments during the reporting period[186][187]. - The company has not reported any unutilized raised funds, which are stored in a dedicated account[195].

Financial Performance - The company's revenue for Q1 2022 was ¥254,652,734.33, representing a 9.73% increase compared to ¥232,073,266.99 in the same period last year[3] - The net profit attributable to shareholders was -¥25,022,092.69, an improvement of 26.38% from -¥33,989,689.38 year-on-year[3] - The net loss for the current period was ¥24,905,915.52, an improvement from a net loss of ¥33,666,873.91 in the previous period, reflecting a reduction in losses of approximately 26.5%[28] - The basic and diluted earnings per share for the current period were both -0.14, compared to -0.25 in the previous period[31] - The company recorded a total comprehensive loss of ¥24,905,915.52 for the current period, compared to a loss of ¥33,666,873.91 in the previous period, showing an improvement of about 26.5%[28] Cash Flow - The net cash flow from operating activities was -¥74,601,840.36, a significant decline of 139.46% compared to ¥189,080,251.16 in the previous year[3] - Cash inflow from operating activities totaled 231,778,973.46 CNY, down 51.1% from 473,812,382.78 CNY in the prior period[32] - Cash outflow from operating activities increased to 306,380,813.82 CNY, compared to 284,732,131.62 CNY in the previous period, reflecting higher operational costs[32] - Investment activities resulted in a net cash flow of -32,112,961.30 CNY, a decrease from -91,234,934.11 CNY in the prior period, indicating reduced investment expenditures[35] - Cash inflow from financing activities was 158,233,780.54 CNY, significantly higher than 61,899,508.30 CNY in the previous period, showing increased financing efforts[35] - The net cash flow from financing activities was -59,999,036.23 CNY, an improvement from -251,100,277.88 CNY in the previous period, suggesting better financial health[35] - The ending cash and cash equivalents balance was 124,727,152.72 CNY, down from 500,200,656.96 CNY, reflecting a significant reduction in liquidity[35] Assets and Liabilities - The total assets decreased by 13.88% to ¥2,027,725,571.73 from ¥2,354,488,573.04 at the end of the previous year[3] - The total liabilities decreased to ¥944,038,842.12 from ¥1,245,895,927.91, representing a reduction of approximately 24.3%[22] - The total equity attributable to shareholders of the parent company decreased to ¥1,087,479,433.80 from ¥1,112,501,526.49, a decline of about 2.2%[22] - Total current assets decreased to ¥939,152,798.58 from ¥1,274,459,773.16, a decline of approximately 26.33%[19] - Non-current assets increased to ¥1,088,572,773.15 from ¥1,080,028,799.88, an increase of about 0.46%[19] Expenses - The company reported a 34.07% reduction in selling expenses, down to ¥6,092,076.46 from ¥9,239,676.17, due to enhanced control over business hospitality and travel expenses[7] - Financial expenses increased by 294.61% to ¥4,048,085.03, primarily due to higher borrowing interest[7] - Research and development expenses for the current period were ¥14,312,693.63, down from ¥20,063,551.20, indicating a decrease of approximately 28.5%[25] - The company reported a significant increase in tax expenses, which rose to ¥1,134,805.55 from ¥1,318,838.70, reflecting a change of -13.9%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,875[11] - The largest shareholder, Shenzhen Baoming Investment Co., Ltd., holds 30.70% of the shares, totaling 55,068,000 shares[11] - The top ten shareholders include several entities controlled by the actual controller, Li Jun, indicating potential related party transactions[11] Audit and Reporting - The company did not conduct an audit for the first quarter report, which may affect the reliability of the financial data presented[36]

Financial Performance - The company's revenue for Q3 2021 was ¥267,583,421.30, a decrease of 31.43% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥61,029,075.18, representing a decline of 1,191.07% year-over-year[3]. - The net profit after deducting non-recurring gains and losses was -¥63,241,643.45, a decrease of 3,568.69% compared to the previous year[3]. - The company reported a net loss attributable to shareholders of ¥200,695,804.12 for the period, compared to a profit in the same period last year[31]. - The total operating revenue for the current period is approximately CNY 820.22 million, compared to CNY 1,009.60 million in the previous period, reflecting a decrease of about 18.7%[34]. - The net profit for the current period is a loss of approximately CNY 149.39 million, compared to a profit of CNY 51.20 million in the previous period[34]. - The total comprehensive income attributable to the parent company for the current period is a loss of approximately CNY 149.71 million, compared to a profit of CNY 51.51 million in the previous period[37]. Cash Flow and Assets - The operating cash flow for the year-to-date period was ¥42,469,742.32, an increase of 250.40% compared to the same period last year[3]. - The net cash flow from operating activities decreased by 28,238,526.23, reflecting a decline of 250.40% compared to the previous year[9]. - The net cash flow from operating activities was $42,469,742.32, a significant improvement compared to a negative cash flow of $28,238,526.23 in the previous period, indicating a recovery in operational efficiency[41]. - Total cash inflow from operating activities amounted to $878,494,351.01, while cash outflow was $836,024,608.69, resulting in a positive net cash flow[41]. - Cash and cash equivalents at the end of the period decreased to $472,666,982.66 from $561,595,428.82, reflecting a net decrease of $180,779,866.39[44]. - The company invested $307,646,586.65 in fixed assets, intangible assets, and other long-term assets, which is an increase from $180,409,059.75 in the previous period[41]. Liabilities and Equity - Total liabilities rose to ¥1,292,572,405.07 from ¥1,084,643,295.89, indicating an increase of approximately 19.2%[30]. - The company's equity attributable to shareholders decreased to ¥1,317,057,731.99 from ¥1,517,746,875.84, a decline of about 13.2%[30]. - Total liabilities amounted to CNY 1,084,643,295.89, a decrease of CNY 10,631,424.29 from the previous total of CNY 1,095,274,720.18[51]. - Non-current liabilities totaled CNY 64,569,566.53, compared to CNY 74,398,306.72 previously, reflecting a decrease of CNY 9,828,740.19[51]. - Total equity attributable to shareholders reached CNY 1,517,746,875.84, a slight decrease of CNY 66,602.74 from CNY 1,517,813,478.58[51]. Investments and Subsidiaries - The company plans to raise up to RMB 150 million through a private placement, with the funds allocated to various projects including RMB 62.19 million for the medium-sized backlight source project and RMB 34.36 million for the deep processing of LCD panel glass[16]. - The total investment for the medium-sized backlight source project is RMB 73.16 million, while the total investment for the LCD panel glass deep processing project is RMB 39.14 million[17]. - The company established a wholly-owned subsidiary, Hefei Baoming Optoelectronics Technology Co., Ltd., with an investment of RMB 100 million[18]. - A new subsidiary, Shenzhen Baoming New Materials Technology Co., Ltd., was established in partnership with an individual investor, expanding the company's product offerings[19]. - The company has invested in a new wholly-owned subsidiary in Ganzhou, Jiangxi Province, focusing on new materials technology research and development[20]. - Shanghai Baoming Automotive Technology Co., Ltd. was established with a registered capital of RMB 10 million, with the company holding 55% of the shares[21]. - The company has acquired land use rights in Longhua District, Shenzhen, through a bidding process, furthering its expansion plans[23]. Research and Development - Research and development expenses rose to approximately CNY 72.24 million, up from CNY 59.06 million, indicating an increase of about 22.3%[34]. - The company plans to continue focusing on research and development to drive future growth and innovation in its product offerings[36]. Other Financial Metrics - The company reported a significant increase in long-term borrowings, rising by 180.91% to ¥154,500,000.00 due to new loans from banks[6]. - The company experienced a 33.53% decrease in business tax and additional fees, amounting to ¥3,879,287.38, attributed to reduced revenue[9]. - The company recorded an asset impairment loss of -¥27,666,808.87, a drastic increase of 1,403.95% due to lower sales prices of certain products[9]. - The total operating costs increased to approximately CNY 987.48 million from CNY 970.63 million, representing an increase of about 1.8%[34]. - The company reported a significant increase in financial expenses, with interest expenses rising to approximately CNY 12.66 million from CNY 11.46 million, an increase of about 10.5%[34]. - The company experienced a credit impairment loss of approximately CNY 1.15 million, compared to a gain of CNY 0.19 million in the previous period[34].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥552,640,687.45, a decrease of 10.78% compared to ¥619,380,725.53 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was -¥88,681,119.91, representing a decline of 293.15% from ¥45,912,547.53 in the previous year[26]. - The basic and diluted earnings per share were both -¥0.49, a decrease of 211.36% compared to ¥0.44 in the same period last year[26]. - The weighted average return on net assets was -6.02%, down from 3.88% in the previous year[26]. - The company reported a basic earnings per share of -0.49 yuan, down 211.36% from the previous year[51]. - The gross profit margin for the display device manufacturing sector was -1.32%, a decrease of 21.16% year-on-year[68]. Cash Flow and Assets - The net cash flow from operating activities increased by 30.23% to ¥97,155,921.12, compared to ¥74,600,930.37 in the same period last year[26]. - The total assets at the end of the reporting period were ¥2,602,505,659.19, a slight increase of 0.21% from ¥2,597,114,364.54 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company decreased by 9.20% to ¥1,378,086,807.17 from ¥1,517,746,875.84 at the end of the previous year[26]. - Cash and cash equivalents at the end of the reporting period were CNY 713,393,177.56, accounting for 27.41% of total assets[73]. - Total current assets decreased from CNY 1,709,003,496.83 as of December 31, 2020, to CNY 1,612,308,947.23 as of June 30, 2021, a decline of approximately 5.66%[191]. - Total liabilities increased from CNY 1,084,643,295.89 to CNY 1,229,363,767.43, reflecting an increase of approximately 13.38%[194]. Market and Industry Insights - The company is focused on the LED backlight source and capacitive touch screen markets, which are essential components in various smart devices[38]. - The global smartphone shipment in 2020 was 1.292 billion units, a year-on-year decline of 5.9%[36]. - The automotive display market is expected to grow significantly due to the increasing demand for new energy vehicles, with projections indicating that by 2025, new energy vehicles will account for 20% of total new car sales[37]. - The company’s operating profit loss was primarily due to intensified competition in the mobile backlight source industry, leading to continued low sales prices[51]. - The automotive industry's demand for in-car displays has significantly increased due to trends in smart driving and interactive navigation, contributing to the company's revenue growth potential[100]. Research and Development - The company plans to increase R&D investment to maintain its leading position in the industry, focusing on mid-size backlight products and touch screen processing to enhance market share[52]. - As of June 30, 2021, the company has obtained 14 invention patents and 107 utility model patents, showcasing its strong R&D capabilities in LED backlight and capacitive touch screen products[53]. - The company’s R&D expenditure increased by 20.66% to ¥45,678,638.54 from ¥37,856,178.97 in the previous year[66]. Strategic Partnerships and Market Position - The company has entered the supply chains of major clients such as BOE, TCL Group, and Samsung, indicating strong market recognition[38]. - The company has established deep partnerships with major manufacturers like OPPO, vivo, and Xiaomi to develop cutting-edge products, particularly in Mini LED technology[54]. - The company has formed strategic partnerships with major panel manufacturers, enhancing its customer base and reducing operational risks[58]. Risks and Challenges - The management highlighted potential risks in the company's operations and emphasized the importance of monitoring market conditions[6]. - The company is facing intensified competition in the backlight display module industry due to the rapid development of the domestic LCD display industry and the promotion of OLED technology[90]. - The global COVID-19 pandemic has negatively impacted the company's performance, leading to reduced orders and lower unit prices for mobile backlight products[99]. - The company has identified risks related to reliance on imported raw materials and is taking measures to strengthen supply chain management and reduce dependency[96]. Corporate Governance and Shareholder Matters - The company maintains a strong commitment to protecting shareholder rights and has established a robust corporate governance structure[121]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[125]. - The company has not distributed cash dividends or bonus shares for the reporting period, nor has it increased capital through reserves[108]. - The company did not undergo any changes in controlling shareholders during the reporting period[175]. Subsidiaries and Investments - The company reported a total revenue of 245,111,029.04 CNY from its subsidiary Huizhou Baoming Precision Technology Co., Ltd., but incurred a net loss of 6,495,246.63 CNY[87]. - The subsidiary Ganzhou Baoming Display Technology Co., Ltd. generated a revenue of 92,768,319.38 CNY with a net profit of 6,639,546.53 CNY[87]. - The company established a new subsidiary, Hefei Baoming Optoelectronics Technology Co., Ltd., which did not have a significant impact on overall operations and performance[87].