Financial Performance - The company's operating revenue for the third quarter was ¥220,256,353.79, a decrease of 17.69% compared to the same period last year[4] - The net profit attributable to shareholders was -¥45,902,639.00, representing a decrease of 24.79% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥46,571,561.38, a decrease of 26.36% compared to the previous year[4] - The company's net profit for the period was reported at -¥116,054,589.64, compared to -¥149,390,684.90 in the same period last year, showing an improvement of approximately 22.3%[39] - The total profit for the period was -¥117,003,493.37, an improvement from -¥187,849,833.95 year-over-year, indicating a reduction in losses of approximately 37.7%[39] - The company reported a net loss attributable to shareholders of CNY -115,697,410.56, compared to a loss of CNY -149,710,195.09 in the previous year[62] Earnings Per Share - The basic earnings per share for the period was -¥0.26, a decrease of 23.53% year-on-year[4] - The diluted earnings per share for the period was -¥0.25, a decrease of 26.47% compared to the previous year[4] - Basic earnings per share were CNY -0.65, an improvement from CNY -0.83 in the same quarter last year[62] Cash Flow - The net cash flow from operating activities was ¥6,989,719.16, down 83.54% from the same period last year[10] - Cash outflow from operating activities totaled $902,862,754.14, up from $836,024,608.69, resulting in a net cash flow from operating activities of $6,989,719.16, down 83.5% from $42,469,742.32[66] - Investment cash outflow was $89,121,376.35, significantly lower than $307,646,586.65 in the previous period, leading to a net cash flow from investing activities of -$89,121,376.35[66] - Cash inflow from financing activities was $281,474,135.92, compared to $425,548,149.51 in the previous period, resulting in a net cash flow from financing activities of -$64,450,152.80[66] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,952,988,529.14, a decrease of 17.05% from the end of the previous year[4] - Total assets decreased to CNY 1,952,988,529.14 from CNY 2,354,488,573.04, a decline of 17.1%[59] - Total liabilities decreased to CNY 904,320,641.25 from CNY 1,245,895,927.91, a reduction of 27.4%[59] - The equity attributable to shareholders at the end of the reporting period was ¥1,028,533,948.33, down 7.55% from the end of the previous year[4] - The company’s equity attributable to shareholders decreased to CNY 1,028,533,948.33 from CNY 1,112,501,526.49, a decline of 7.5%[59] Government Subsidies and Other Income - The company received government subsidies amounting to ¥2,982,922.46 during the reporting period[20] - Other income increased by 41.91% to ¥7,190,925.80, mainly from increased government subsidies related to daily operations[45] Research and Development - Research and development expenses for the period were ¥47,557,137.86, down from ¥72,238,989.13, reflecting a decrease of about 34.2%[39] - Research and development expenses decreased by 34.17% to ¥47,557,137.86, reflecting a reduction in mobile phone R&D investment[45] Capital and Investments - The company approved a capital increase of ¥50 million for its subsidiary, raising its registered capital from ¥10 million to ¥60 million[33] - The company is investing in a new lithium battery composite copper foil production base in Ganzhou, which is expected to enhance its market position[30] Financial Expenses - The financial expenses increased to ¥12,300,059.14 from ¥6,910,828.82, marking an increase of approximately 77.5%[39] - Financial expenses increased by 77.98% to ¥12,300,059.14, due to decreased interest income and increased interest expenses[45] Inventory and Receivables - The accounts receivable decreased to ¥337,484,665.90 from ¥386,536,621.55, indicating a reduction of about 12.7%[34] - Inventory impairment losses decreased by 52.59% to -¥13,118,181.84, primarily due to a reduction in inventory and lower provisions for inventory write-downs[45] - Accounts receivable financing decreased by 39.20% to ¥23,194,677.65, primarily due to the maturity or endorsement of bank acceptance bills[44] - Prepayments increased significantly by 313.32% to ¥23,325,103.51, mainly due to an increase in advance payments for goods[44] - Contract liabilities surged by 6122.15% to ¥20,354,830.06, attributed to an increase in performance contract prepayments[44] - Other payables rose by 242.45% to ¥52,299,010.46, mainly due to the issuance of restricted stock to employees and the recognition of liabilities for repurchase obligations[44] Cash Management - As of September 30, 2022, the company's cash and cash equivalents amounted to ¥299,176,315.07, a decrease from ¥529,944,287.05 at the beginning of the year, representing a decline of approximately 43.5%[34] - Cash and cash equivalents decreased by 43.55% to ¥299,176,315.07 due to increased repayments of notes payable and loans[44] - The company's cash and cash equivalents were CNY 856,397,869.61, down from CNY 1,274,459,773.16, indicating a decrease of 32.7%[57] - The ending cash and cash equivalents balance decreased to $144,926,084.59 from $472,666,982.66, reflecting a net decrease of $146,519,739.28[66] - Cash received from sales of goods and services was $882,055,799.89, an increase from $845,216,326.27 in the previous period[65] - Cash received from tax refunds was $19,571,549.34, up from $14,008,274.78, indicating improved cash management[65] - Payments to employees decreased to $129,154,231.38 from $156,297,806.27, suggesting cost control measures[66] - Total cash outflow for taxes was $18,093,645.69, down from $24,784,107.04, reflecting a reduction in tax liabilities[66] - The company received $50,000,000.00 from minority shareholders, a significant increase from $2,000,000.00 in the previous period, indicating strong investor confidence[66]

Financial Performance - The net profit for the first quarter was -¥37,695,222.26, compared to -¥24,905,915.52 in the same period last year, reflecting a deeper loss of approximately 51.4%[10] - The total comprehensive loss attributable to shareholders was -¥37,161,254.38, compared to -¥25,022,092.69 in the previous year, indicating a significant increase in overall losses[10] - The net profit attributable to shareholders was a loss of ¥37,161,254.38, which is a 48.51% increase in loss compared to the same period last year[39] - The total operating revenue for Q1 2023 was CNY 204,943,356.57, representing a decrease of 17.25% compared to the previous year[39] - The total comprehensive loss for the period was ¥37,695,222.26, compared to a loss of ¥24,905,915.52 in the previous period[62] - The basic and diluted earnings per share were both -¥0.21, compared to -¥0.14 in the previous period[62] Assets and Liabilities - Total liabilities increased to ¥1,280,102,620.51 from ¥1,133,326,864.92, representing a growth of approximately 12.97% year-over-year[4] - The total equity attributable to shareholders decreased to ¥884,906,188.31 from ¥918,389,543.25, a decline of about 3.65%[4] - The total assets and liabilities combined reached ¥2,184,448,361.96, up from ¥2,071,689,929.19, marking an increase of about 5.45%[4] - The total assets at the end of the reporting period were ¥2,184,448,361.96, reflecting a 5.44% increase from the end of the previous year[39] - The long-term borrowings increased to CNY 119,820,000.00 from CNY 69,820,000.00, an increase of 71.7%[50] - The company's short-term borrowings rose by 60.33% to ¥172,940,080.63 from ¥107,864,747.30 at the end of the previous year[59] Cash Flow - The net cash flow from investing activities was -¥46,406,235.75, compared to -¥32,112,961.30 in the previous period, indicating a worsening investment cash flow situation[5] - The net cash flow from financing activities improved to ¥97,068,574.94 from -¥59,999,036.23, showing a significant recovery in financing[5] - The net cash flow from operating activities improved to -¥47,715,651.93, a 36.04% improvement from the previous year[39] - The cash inflow from operating activities increased to ¥297,406,710.07, up 28.31% from ¥231,778,973.46 in the previous period[55] - The cash outflow from investing activities increased to -¥46,406,235.75, a 44.51% increase in losses compared to -¥32,112,961.30 in the previous period[59] Operational Metrics - The company’s operating profit (loss) was -¥37,585,579.98, worsening from -¥24,772,759.07, reflecting operational challenges[10] - The company reported a credit impairment loss of ¥1,941,665.09, which is significantly higher than the previous year's loss of ¥717,614.00, indicating increased credit risk[10] - The weighted average return on equity was -4.13%, a decrease of 1.86% compared to the previous year[39] - The total operating costs for Q1 2023 were CNY 239,095,337.44, down from CNY 269,294,847.64 year-on-year, reflecting a reduction of 11.2%[52] Shareholder Information - The top ten shareholders hold a combined 66.77% of the shares, with Shenzhen Baoming Investment Co., Ltd. being the largest shareholder at 29.77%[21] - The company plans to grant 1,000,000 restricted stocks to 90 incentive objects at a price of ¥6.49 per share[25] Investments and Projects - The company signed an investment construction contract for a new production base project on February 2, 2023[23] - The company established a wholly-owned subsidiary, Anhui Baoming New Materials Technology Co., Ltd., to invest in a new production base in Ma'anshan City[45] - The company signed a construction project contract for the new production base on April 21, 2023[46]

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 | --- | --- | --- | |-------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's revenue for Q3 2022 was ¥249,913,114.83, a decrease of 6.60% compared to the same period last year[7] - The net profit attributable to shareholders was -¥45,902,639.00, representing an increase in loss of 24.79% year-over-year[7] - The company's basic earnings per share for Q3 2022 was -¥0.26, a 23.53% increase in loss compared to the same period last year[7] - Total operating revenue for the current period was ¥739,433,584.39, a decrease of 9.85% from ¥820,224,108.75 in the previous period[39] - Net loss for the current period was ¥116,054,589.64, compared to a net loss of ¥149,390,684.90 in the previous period, indicating an improvement[40] - Basic earnings per share for the current period was -0.65, compared to -0.83 in the previous period[42] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥6,989,719.16, down 83.54% compared to the previous year[7] - Cash flow from operating activities was ¥882,055,799.89, an increase from ¥845,216,326.27 in the previous period[43] - Net cash flow from operating activities decreased by 83.54% to ¥6,989,719.16, attributed to a decline in sales scale and an increase in matured payable notes[14] - Cash outflow from operating activities was $902.86 million, compared to $836.02 million in the previous year[46] - The net increase in cash and cash equivalents was -$146.52 million, compared to -$180.78 million in the previous year[46] - The ending balance of cash and cash equivalents was $144.93 million, down from $472.67 million year-over-year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,952,988,529.14, a decrease of 17.05% from the end of the previous year[7] - The total liabilities amounted to ¥904,320,641.25, a decrease from ¥1,245,895,927.91[39] - The company's total equity attributable to shareholders was ¥1,028,533,948.33, down 7.55% from the previous year[7] - The company's cash and cash equivalents decreased from RMB 529,944,287.05 at the beginning of the year to RMB 299,176,315.07 by September 30, 2022[29] - Accounts receivable decreased from RMB 386,536,621.55 to RMB 337,484,665.90 during the same period[32] Expenses - Research and development expenses decreased by 34.17% to ¥47,557,137.86, reflecting reduced investment in mobile backlight source product development[11] - Financial expenses increased by 77.98% to ¥12,300,059.14 due to a decrease in interest income and an increase in interest expenses[14] - The company reported a decrease in sales expenses to ¥18,354,072.88 from ¥26,944,935.99, a reduction of 31.67%[39] - The company reported a significant increase in other expenses by 9402.68% to ¥5,455,214.41, mainly due to the recognition of a loss contract during the period[14] Investments and Capital - The company plans to use the proceeds from a non-public offering of A-shares, totaling up to ¥150,000.00 million, for various projects including a backlight source construction project and working capital[19] - The company approved an investment of RMB 62 million to increase the capital of Shenzhen Baoming New Materials Technology Co., Ltd., raising its registered capital from RMB 20 million to RMB 90 million, with the company holding 88.89% of the shares[24] - The company approved a capital increase of RMB 50 million for Ganzhou Baoming New Materials Technology Co., Ltd., raising its registered capital from RMB 10 million to RMB 60 million[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,281, with the largest shareholder holding 29.77%[15] - The company completed the registration of 5.6169 million restricted shares on June 20, 2022, granted to 80 individuals as part of the 2022 incentive plan[23] - The company has approved a stock incentive plan for 2022, which includes the granting of restricted stock to incentive objects[22] Other Information - The company recognized government subsidies amounting to ¥2,982,922.46 during the reporting period[8] - Impairment losses on assets decreased by 52.59% to -¥13,118,181.84, mainly due to a reduction in inventory and a decrease in inventory write-down provisions[14] - The third quarter report was not audited[49]

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'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 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].