Financial Performance - The company reported a total revenue of RMB 200 million for the first half of 2022, representing a year-on-year increase of 15% compared to RMB 174 million in the same period of 2021[15]. - The company's operating revenue for the reporting period was ¥248,690,228.44, representing a 15.65% increase compared to ¥215,034,010.56 in the same period last year[21]. - Net profit attributable to shareholders decreased by 33.27% to ¥29,912,190.87 from ¥44,827,519.49 year-on-year[21]. - The company's operating revenue for the first half of 2022 was CNY 201,397,826.70, a decrease of 2.5% compared to CNY 205,685,958.62 in the same period of 2021[143]. - The net profit attributable to the parent company was CNY 29,912,190.87, down 33.3% from CNY 44,827,519.49 in the previous year[141]. - The total comprehensive income for the first half of 2022 was CNY 35,812,741.87, a decrease of 27.4% from CNY 49,349,835.51 in the previous year[145]. Research and Development - The company plans to invest RMB 50 million in R&D for new product development in the next fiscal year, focusing on advanced optical films and conductive materials[15]. - Research and development investment rose by 14.78% to ¥12,227,619.52, reflecting the company's commitment to innovation[45]. - The company is focusing on R&D investments to diversify its product structure from single product offerings to a range of conductive and optical films[29]. - The company plans to increase R&D investment and optimize product structure to address market competition risks[74]. - The company has initiated research and development for new technologies aimed at enhancing product offerings and market competitiveness[156]. Market Expansion and Strategy - User data showed a 20% increase in the number of active clients, reaching 1,200 clients by the end of June 2022, compared to 1,000 clients in June 2021[15]. - The company has set a revenue target of RMB 500 million for the full year 2022, which would require a 25% increase in sales in the second half of the year[15]. - Market expansion efforts include entering two new international markets, aiming for a 10% contribution to total revenue by the end of 2023[15]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market presence, with a budget of RMB 100 million allocated for this purpose[15]. - The company is actively promoting its products among first-tier domestic brands and large ODM manufacturers, increasing its market influence[41]. Financial Health and Cash Flow - The net cash flow from operating activities increased by 67.02% to ¥123,135,122.75, up from ¥73,726,653.90 in the previous year[21]. - Cash flow from operating activities increased by 67.02% to ¥123,135,122.75, primarily due to increased VAT refunds[45]. - The company's cash and cash equivalents were CNY 81,851,505.74 as of June 30, 2022, down from CNY 99,774,785.96 at the beginning of the year[135]. - The cash outflow from investment activities was ¥119,435,727.38, compared to a cash inflow of ¥114,201,947.94 in the previous year, indicating a significant shift in investment strategy[147]. - The company reported a cash outflow of ¥70,000,000.00 related to other investment activities, highlighting ongoing investment commitments[150]. Product Development and Quality Control - The company's main products include ITO conductive films, copper conductive films, EMI films, and MITO films, which are widely used in touch screen technology[29][30][31][32][33]. - The development of OCA (Optically Clear Adhesive) products is aimed at expanding the product portfolio and improving customer acceptance[34]. - The company emphasizes quality control, resulting in improved first-pass yield and product quality, which helps lower production costs[40]. - The company has established a comprehensive quality control system, adhering to ISO 9001:2015 standards, ensuring product stability and quality[43]. - The company has successfully tackled technical challenges in the production of various films, enhancing its competitive edge in the market[39]. Sustainability and Corporate Governance - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 15% by 2025 through improved manufacturing processes[15]. - The company actively protects investor rights and maintains transparent communication with stakeholders, enhancing governance structures[84]. - The company strictly adheres to environmental regulations and has not faced any administrative penalties related to environmental issues[83]. - The company maintains stable and sustainable relationships with suppliers, ensuring no dependency on a single supplier to mitigate production risks[75]. Shareholder Information - The total number of shares is 281,066,667, with 32.00% being limited shares and 68.00% being unrestricted shares[114]. - The company has repurchased a total of 9,546,550 shares, accounting for approximately 3.4% of the total share capital, with a total transaction amount of RMB 101,380,580.76[114]. - The largest shareholder, Chen Chao, holds 15.56% of the shares, totaling 43,735,440 shares, with 21,430,000 shares pledged[117]. - There were no cash dividends or stock bonuses planned for the half-year period, and no capital reserve transfers to increase share capital[80]. - The company has not encountered any issues or other circumstances regarding the disclosure of raised fund usage[68].

Financial Performance - The company's revenue for Q1 2022 was ¥111,971,224.54, representing a 14.65% increase compared to ¥97,666,038.30 in the same period last year[3] - Net profit attributable to shareholders decreased by 35.09% to ¥13,055,423.40 from ¥20,114,242.25 year-on-year[3] - The company experienced a 38.41% decline in net profit after deducting non-recurring gains and losses, totaling ¥12,066,175.95 compared to ¥19,590,208.69 last year[3] - Operating profit decreased to ¥15,288,020.02 from ¥23,503,147.68 year-over-year[19] - Net profit for the current period was ¥13,055,423.40, down from ¥20,114,242.25 in the same period last year, representing a decline of approximately 35%[20] - Basic and diluted earnings per share were both ¥0.05, compared to ¥0.07 in the previous period[20] Cash Flow - The net cash flow from operating activities significantly improved to ¥29,098,386.31, a 944.50% increase from -¥3,445,623.01 in the previous year[3] - Cash flow from operating activities generated a net amount of ¥29,098,386.31, a significant improvement from a negative cash flow of ¥3,445,623.01 in the prior period[23] - Cash flow from investing activities resulted in a net outflow of ¥106,532,437.01, compared to a net outflow of ¥19,644,163.21 last year[24] - Cash flow from financing activities showed a net outflow of ¥28,961,162.93, worsening from a net outflow of ¥15,847,283.43 in the previous period[24] Assets and Liabilities - Total assets increased by 1.76% to ¥1,366,191,158.03 compared to ¥1,342,555,455.99 at the end of the previous year[3] - The total liabilities increased to CNY 265,777,260.08 from CNY 223,906,619.15, marking an increase of about 18.7%[16] - The company reported a total current liabilities of CNY 215,921,944.81, an increase from CNY 173,212,617.59, reflecting a growth of approximately 24.7%[16] - The company's total equity attributable to shareholders decreased by 1.63% to ¥1,100,413,897.95 from ¥1,118,648,836.84 at the end of the previous year[3] - The company's equity attributable to shareholders decreased to CNY 1,100,413,897.95 from CNY 1,118,648,836.84, a decline of approximately 1.6%[16] Investments and Development - The company’s investment activities generated a net cash outflow of -¥106,532,437.01, a 442.31% increase in outflow compared to -¥19,644,163.21 last year[7] - The company is actively pursuing market expansion and new technology development, as indicated by its ongoing investments in research and development[12] - Jiangsu Rijiu Optoelectronics' subsidiary Zhejiang Rijiuxin Materials Technology Co., Ltd. obtained high-tech enterprise certification on January 27, 2022[11] Other Financial Metrics - The weighted average return on equity decreased to 1.18% from 1.77% year-on-year[3] - The company’s cash and cash equivalents decreased by 39.88% to ¥160,367,559.07 due to investments in fundraising projects[6] - The company's cash and cash equivalents decreased to CNY 160,367,559.07 from CNY 266,762,302.36, representing a decline of approximately 39.8%[14] - Accounts receivable increased to CNY 170,428,745.91 from CNY 158,752,766.38, reflecting a growth of about 7.5%[14] - Inventory slightly decreased to CNY 136,857,049.48 from CNY 137,306,032.75, indicating a reduction of approximately 0.3%[14] Share Repurchase - The company has repurchased shares, with the repurchased shares accounting for 2% of the total shares as of January 14, 2022[11] Audit Status - The report for the first quarter was not audited[25]

Financial Performance - The company's operating revenue for 2021 was ¥488,343,586.57, a decrease of 5.60% compared to ¥517,327,193.63 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥82,362,360.15, down 16.88% from ¥99,085,052.60 in 2020[18]. - The basic earnings per share for 2021 was ¥0.29, a decline of 35.56% from ¥0.45 in 2020[18]. - In 2021, the company achieved operating revenue of CNY 488.34 million, a decrease of 5.6% compared to the previous year, and a net profit attributable to shareholders of CNY 82.36 million, down 16.88% year-on-year[45]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year 2021, representing a year-over-year growth of 20%[156]. - The total revenue for 2021 reached 1.2 billion yuan, reflecting a growth of 20% compared to the previous year[190]. Cash Flow and Investments - The net cash flow from operating activities increased by 43.71% to ¥161,308,303.09 in 2021, compared to ¥112,246,546.17 in 2020[18]. - The net cash flow from investment activities increased by 113.99% to ¥46,185,304.97, mainly due to the maturity of time deposits and recovery of funds[72]. - The net cash flow from financing activities decreased by 150.35%, resulting in a net outflow of ¥166,935,187.77, attributed to a reduction in received investment funds[72]. - The company invested ¥400 million during the reporting period, a significant increase of 566.67% compared to the previous year[78]. - The company allocated ¥229.96 million to the construction of a 5 million square meter ITO conductive film project and ¥5.30 million to the R&D center[83]. Product Development and Market Strategy - The company plans to expand its product offerings to include optical films and adhesives, diversifying its business structure[29]. - The company is focusing on the automotive touch display and foldable smart terminal sectors as part of its market expansion strategy[29]. - The company is developing MITO conductive film with advantages such as ultra-low resistivity and good adhesion, aimed at expanding its application in touch modules[66]. - The company is also working on electrochromic conductive films for applications in energy-saving and thermal control fields, enhancing its market position in the film industry[66]. - The company aims to expand its business structure beyond flexible optical conductive materials into upstream touch display application materials[54]. - The company is focused on expanding its market presence and enhancing product development capabilities[123]. Research and Development - The company's R&D investment amounted to ¥24,824,698.01 in 2021, a decrease of 12.15% compared to ¥28,258,113.04 in 2020, with R&D investment accounting for 5.08% of operating revenue[70]. - Research and development expenses increased by 30% to 150 million RMB, focusing on advanced optical technologies[167]. - The company is investing in new technologies, allocating $50 million towards R&D to drive innovation and improve product offerings[114]. - The company plans to increase R&D investment in optical film products, particularly for automotive displays and foldable screen applications, anticipating a market growth to 50.35 million foldable screen devices by 2025 in China[94]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[4]. - The report includes a detailed analysis of potential risks faced by the company in its future operations[4]. - The company faces risks related to a high concentration of suppliers for key raw materials, including PET base film and ITO targets, which could affect production if suppliers fail to meet quality and delivery requirements[97]. - The company is exposed to exchange rate fluctuations, particularly for raw materials priced in Japanese yen and US dollars, which could impact financial performance[97]. Corporate Governance - The company has established a comprehensive corporate governance structure, including a board of directors and various committees, to ensure effective oversight and compliance with regulations[101]. - The company operates independently from its controlling shareholders in terms of business, assets, personnel, finance, and organization, ensuring complete operational autonomy[105]. - The company has established effective internal controls in compliance with relevant laws and regulations, ensuring the legality and safety of operations[141]. - The company has not encountered significant discrepancies between its governance practices and regulatory requirements, indicating a commitment to compliance and best practices[103]. Shareholder Engagement and Dividends - The company reported a cash dividend of 2.00 RMB per 10 shares (including tax) for all shareholders, with no bonus shares issued[4]. - The total cash dividend, including other methods, amounted to 103,753,984.82 yuan, representing 100% of the total profit distribution[137]. - The company plans to distribute a cash dividend of 2 RMB per 10 shares (including tax), totaling approximately 54.82 million RMB based on the adjusted share capital of 274,089,991 shares after buybacks[138]. Market Trends and Future Outlook - The company anticipates significant growth in the touch display industry driven by the advent of 5G technology and the increasing demand for smart devices[30]. - By 2025, the Chinese market for foldable screen smart terminals is expected to reach 50.35 million units, accounting for over 50% of the global market[31]. - The company provided a positive outlook for 2022, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[158].

Financial Performance - The company's revenue for Q3 2021 was ¥146,613,542.43, a decrease of 9.41% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥23,486,778.57, down 37.51% year-on-year[2]. - The basic earnings per share decreased by 55.56% to ¥0.08[2]. - Total operating revenue for the third quarter was CNY 361,647,552.99, a decrease of 9.16% compared to CNY 398,147,061.58 in the same period last year[17]. - Net profit for the third quarter was CNY 68,314,298.06, representing a decline of 11.39% from CNY 77,124,012.81 in the previous year[18]. - Basic and diluted earnings per share were both CNY 0.24, down from CNY 0.37 in the same quarter last year[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,410,997,644.23, a decrease of 1.84% from the end of the previous year[2]. - Total assets decreased from 1,437,503,764.96 RMB at the end of 2020 to 1,410,997,644.23 RMB by September 30, 2021, a reduction of about 1.8%[12]. - Total liabilities decreased from 310,115,425.49 RMB in 2020 to 257,455,006.75 RMB in 2021, a decline of approximately 17%[14]. - The total liabilities increased to ¥312,897,025.91 from ¥310,115,425.49 at the end of 2020[27]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥85,658,999.87, an increase of 72.17%[6]. - The net cash flow from operating activities for Q3 2021 was ¥85,658,999.87, an increase of 72.2% compared to ¥49,751,267.87 in Q3 2020[22]. - The total cash inflow from investment activities was ¥285,978,274.80, significantly higher than ¥88,708,847.49 in the same period last year[22]. - The cash flow from financing activities showed a net outflow of ¥97,587,969.66, compared to a smaller outflow of ¥42,166,740.92 in Q3 2020[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,564[7]. - The largest shareholder, Chen Chao, holds 15.56% of shares, amounting to 43,735,444 shares, which are pledged[7]. Investments and Expenses - The company reported a significant increase in construction in progress, rising by 161.56% to ¥77,468,506.92 due to investments in the ITO conductive film project[5]. - Other income increased by 78.21% to ¥2,705,137.40, primarily due to increased government subsidies[6]. - Research and development expenses were CNY 17,272,193.59, a decrease of 13.43% compared to CNY 20,069,382.21 in the previous year[17]. - Financial expenses significantly decreased to CNY 324,510.24 from CNY 9,621,769.46, indicating improved cost management[17]. Accounting and Reporting - The company has not made any adjustments or restatements to previous years' accounting data[2]. - The company has adopted new leasing standards starting in 2021, which required adjustments to the financial statements[24].

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 20% compared to the same period in 2020[16]. - The gross profit margin for the first half of 2021 was 35%, an improvement from 30% in the same period last year[16]. - The company's operating revenue for the first half of 2021 was ¥215,034,010.56, a decrease of 9.00% compared to the same period last year[21]. - Net profit attributable to shareholders was ¥44,827,519.49, an increase of 13.38% year-on-year[21]. - The basic earnings per share decreased by 15.79% to ¥0.16 compared to the same period last year[21]. - The weighted average return on net assets was 3.92%, down 2.31% from the previous year[21]. - The company achieved a significant increase in cash flow from operating activities, rising 78.28% to CNY 73,726,653.90, primarily due to reduced cash payments for materials[49]. - The total comprehensive income for the first half of 2021 was 44.8 million yuan, representing a 27.5% increase compared to the previous period[155]. - The total profit for the first half of 2021 was CNY 51,639,779.37, up from CNY 46,717,821.93 in the same period of 2020[139]. Research and Development - The company plans to invest RMB 50 million in research and development for new products and technologies in the upcoming year[16]. - The company is actively developing new products, including optical release films and OCA optical adhesives, to expand its product offerings and vertical integration[45]. - The company aims to enhance its research and development capabilities to innovate new technologies and products[157]. - The company is focusing on research and development of new technologies to enhance its product offerings and market competitiveness[162]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by the end of 2022[16]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market presence[16]. - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[139]. - The future outlook remains positive, with expectations of revenue growth driven by new product launches and market expansion strategies[157]. Product Development and Innovation - The company specializes in the R&D, production, and sales of flexible optical conductive materials, primarily ITO conductive films[29]. - The company is developing new products such as EMI films for electromagnetic shielding, which have completed client validation and generated initial sales[34]. - The company has successfully developed its own IM anti-reflection film and PET high-temperature protective film, which are currently used entirely for in-house production[36]. - The company has successfully developed new products such as OCA optical adhesive and copper films, with initial sales achieved during the reporting period[70]. Financial Management and Assets - The total assets at the end of the reporting period were ¥1,395,744,260.05, a decrease of 2.91% from the end of the previous year[21]. - Cash and cash equivalents at the end of the reporting period were 387,274,678, making up 27.75% of total assets, down from 506,940,061 (35.27%) at the end of the previous year[59]. - Accounts receivable totaled 150,120,911, representing 10.76% of total assets, a decrease from 176,919,322 (12.31%) year-over-year[59]. - Inventory increased to 160,820,432, accounting for 11.52% of total assets, up from 114,051,759 (7.93%) the previous year[59]. - The company reported a total capital of 683.78 million RMB at the end of the reporting period[173]. Risks and Challenges - The company faces risks related to supply chain disruptions and has implemented measures to mitigate these risks[5]. - The company faces risks from market competition and declining product prices, particularly for ITO conductive films used in consumer electronics[70]. - The company maintains a high concentration of suppliers for key raw materials, including PET films and ITO targets, which poses a risk if supplier performance does not meet business needs[72]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this reporting period[6]. - The total number of ordinary shareholders at the end of the reporting period is 30,132[116]. - The largest shareholder, Chen Chao, holds 15.56% of the shares, amounting to 43,735,444 shares, with 14,500,000 shares pledged[116]. - The company has not distributed cash dividends or bonus shares for the half-year period[79]. Compliance and Governance - The half-year financial report has not been audited[89]. - There were no significant environmental violations or penalties reported during the reporting period[83]. - The company has established a comprehensive intellectual property protection system to safeguard core technologies and prevent leakage[73].

Financial Performance - The company's revenue for Q1 2021 was ¥97,666,038.30, representing a 0.52% increase compared to ¥97,164,258.18 in the same period last year[7] - Net profit attributable to shareholders increased by 64.51% to ¥20,114,242.25 from ¥12,226,843.17 year-on-year[7] - The net profit after deducting non-recurring gains and losses rose by 67.46% to ¥19,590,208.69 compared to ¥11,698,380.75 in the previous year[7] - Basic and diluted earnings per share increased by 16.67% to ¥0.07 from ¥0.06 year-on-year[7] - The company's operating profit for Q1 2021 was CNY 23,503,147.68, an increase from CNY 14,822,255.61 in the previous period, representing a growth of approximately 58.5%[38] - The net profit for Q1 2021 reached CNY 20,114,242.25, compared to CNY 12,226,843.17 in the same period last year, marking an increase of about 64.5%[39] - The total comprehensive income for Q1 2021 was CNY 21,478,142.87, compared to CNY 18,059,074.43 in the same period last year, representing an increase of approximately 19.5%[43] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥3,445,623.01, a 76.56% reduction from ¥14,697,280.59 in the same period last year[7] - Cash generated from operating activities improved by 76.56% to -¥3,445,623.01, mainly due to a reduction in cash payments for materials[14] - Cash used in investing activities increased by 51.14% to -¥19,644,163.21, reflecting higher investment in the ITO conductive film construction project[14] - Cash and cash equivalents decreased by 137.45% to -¥38,869,561.79, primarily due to reduced borrowings and increased investment in the ITO project[14] - The ending balance of cash and cash equivalents was 187,384,625.13 CNY, down from 226,254,186.92 CNY at the beginning of the period[47] - The net increase in cash and cash equivalents was -38,869,561.79 CNY, compared to -16,369,739.13 CNY in the previous period, reflecting ongoing liquidity challenges[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,434,283,889.10, a slight decrease of 0.22% from ¥1,437,503,764.96 at the end of the previous year[7] - Total liabilities decreased to CNY 286,781,307.38 from CNY 310,115,425.49, showing a reduction in overall debt[31] - Total assets amounted to CNY 1,357,137,044.01, slightly down from CNY 1,372,121,936.05[33] - Net assets attributable to shareholders increased by 1.78% to ¥1,147,502,581.72 from ¥1,127,388,339.47 at the end of the previous year[7] Investments and Expenses - The company has invested ¥1,727.97 million in the ITO conductive film project, with a cumulative investment of ¥4,037.97 million, representing 10.95% of the total committed investment[19] - Management expenses increased by 45.61% to ¥7,504,228.13, driven by higher employee compensation and depreciation costs[14] - Research and development expenses increased to CNY 5,423,931.95 from CNY 4,609,670.68, highlighting a focus on innovation[37] - The company's research and development expenses amounted to CNY 3,169,586.71, compared to CNY 3,098,199.12 in the previous period, indicating a year-over-year increase of approximately 2.3%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,325[10] - The largest shareholder, Chen Chao, holds 15.56% of the shares, with a total of 43,735,444 shares, of which 14,500,000 are pledged[10] Financial Management - Financial expenses decreased by 105.05% to -¥213,494.43, attributed to increased interest income from deposits and reduced loan interest[14] - The company reported a financial income of CNY 2,391,696.67, up from CNY 100,223.30, indicating improved financial management[37] - The financial expenses showed a significant decrease, with a net financial income of CNY -1,062,864.32 compared to CNY 3,661,370.45 in the previous period[41]

Dividend Policy - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders, based on a total of 281,066,667 shares[4]. - The cash dividend distribution accounted for 42.55% of the net profit attributable to ordinary shareholders in 2020[105]. - The company did not distribute any profits in 2019 and 2018, indicating a significant change in dividend policy in 2020[106]. - The cash dividend total for 2020 represents 100% of the total profit distribution amount[106]. - The company has established a three-year cycle for formulating shareholder return plans, considering various factors and shareholder opinions[102]. - The company must adjust its profit distribution policy if external or internal operational conditions change significantly, ensuring shareholder rights are protected[101]. - The board of directors must submit the profit distribution proposal to the shareholders' meeting for approval, with independent directors providing independent opinions[101]. - The company has not issued any stock dividends or capital reserve transfers in the recent three years[104]. - The company is committed to providing opportunities for minority shareholders to express their opinions and protect their legal rights[103]. Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of XX% (specific percentage not provided in the content)[12]. - The company's operating revenue for 2020 was ¥517,327,193.63, a decrease of 6.15% compared to 2019[18]. - The net profit attributable to shareholders for 2020 was ¥99,085,052.60, an increase of 16.71% year-over-year[18]. - The net cash flow from operating activities increased by 38.97% to ¥112,246,546.17 in 2020[18]. - The basic earnings per share for 2020 was ¥0.45, reflecting a 12.50% increase from the previous year[18]. - Total assets at the end of 2020 reached ¥1,437,503,764.96, a 43.45% increase compared to the end of 2019[18]. - The net assets attributable to shareholders increased by 83.45% to ¥1,127,388,339.47 at the end of 2020[18]. - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-on-year growth of 15%[114]. - The gross profit margin improved to 35%, up from 32% in the previous year, indicating better cost management[117]. Market Position and Strategy - The company is focusing on expanding its market presence and developing new technologies, particularly in the field of ITO conductive films[10]. - The company achieved a market share of approximately 20% in the ITO conductive film sector, ranking second in the industry, following Nitto Denko with a market share of about 45%[31]. - The company is actively developing new products such as optical release films and OCA optical adhesives, expanding its vertical integration capabilities[41]. - The company aims to enhance its market share by focusing on OCA optical adhesive and copper film products[88]. - The company is focusing on technological innovation in flexible optical conductive materials, including the development of copper films and OCA optical adhesives, to enhance its competitive edge[34]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[151]. Research and Development - The company specializes in the R&D, production, and sales of flexible optical conductive materials, primarily ITO conductive films[27]. - R&D investment increased by 29.27% from 21,860,464.71 CNY in 2019 to 28,258,113.04 CNY in 2020, representing 5.46% of operating revenue[63]. - The number of R&D personnel rose by 18.75% from 32 to 38, increasing the proportion of R&D staff from 8.21% to 8.82%[63]. - The company has multiple ongoing R&D projects, including the development of high-temperature resistant protective films and optical decorative films, with successful batch production for several projects[62]. - The company has committed to enhancing its operational efficiency, aiming for a 5% reduction in operational costs by the end of 2021[151]. Risks and Challenges - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and future plans[4]. - The company identifies risks related to market environment changes and product price declines in the consumer electronics sector[88]. - The company faces risks from exchange rate fluctuations, as major raw materials are settled in Japanese yen and US dollars, which could impact financial performance[91]. - The company has a concentrated supplier risk, as key raw materials are sourced from a limited number of suppliers, primarily from Japan and South Korea, which could affect production stability if supplier performance is inadequate[90]. - Accounts receivable are expected to increase with the company's business expansion, posing a risk of bad debt losses if economic conditions or customer situations change[91]. Corporate Governance and Compliance - The company operates under the supervision of the China Securities Regulatory Commission and is listed on the Shenzhen Stock Exchange[13]. - The company has established a comprehensive quality control system, ensuring product quality and stability, with no significant customer complaints reported[40]. - The company has established a comprehensive intellectual property protection system to safeguard core technologies, but risks remain regarding potential leaks or loss of key personnel[93]. - The company is committed to protecting investor interests and minimizing losses due to uncontrollable factors[135]. - The company has made long-term commitments to protect public interests and ensure compliance with governance regulations[142]. Shareholder Information - The company completed its initial public offering (IPO) of 70,266,667 shares, increasing the total number of shares from 210,800,000 to 281,066,667[183]. - The largest shareholder, Chen Chao, holds 15.56% of the shares, totaling 43,735,444 shares[188]. - The company has no foreign shareholding, with 100% of shares held by domestic investors[182]. - The controlling shareholder can increase their holdings, with a single transaction not exceeding 50% of the dividends received in the previous year[128]. - The company has established a framework for compliance with legal and regulatory requirements concerning shareholding and transfer restrictions[111].

Financial Performance - Operating revenue for the reporting period was CNY 161.84 million, down 4.71% year-on-year, while year-to-date revenue was CNY 398.15 million, a slight increase of 0.45%[8] - Net profit attributable to shareholders of the listed company reached CNY 37.59 million, representing a year-on-year increase of 25.75%[8] - Basic earnings per share for the reporting period were CNY 0.18, up 28.57% compared to the same period last year[8] - The operating profit for the third quarter was CNY 42,944,937.71, which is a 20.8% increase compared to CNY 35,602,493.92 in the previous year[39] - The total profit for the third quarter was CNY 43,087,308.37, an increase of 21.3% from CNY 35,452,311.35 in the previous year[39] - The total comprehensive income for the third quarter was CNY 37,586,684.24, compared to CNY 29,889,149.87 in the same period last year, reflecting a growth of 25.7%[40] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 996.10 million, a decrease of 0.60% compared to the end of the previous year[8] - Current liabilities decreased to CNY 222,631,684.15 from CNY 301,222,035.84, indicating improved liquidity management[31] - Non-current liabilities totaled CNY 81,776,340.33, down from CNY 86,275,326.20, reflecting a reduction in long-term financial obligations[31] - Cash and cash equivalents decreased by 37.38% to ¥70,571,810.67 from ¥112,704,455.58 due to bank loan repayments[16] - Cash and cash equivalents decreased to CNY 57,834,558.31 from CNY 111,058,393.88, indicating a potential liquidity concern[32] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 12.55% to CNY 691.69 million[8] - The total number of shareholders at the end of the reporting period was 139, with the top ten shareholders holding a significant portion of shares[12] - Owner's equity increased to CNY 691,687,386.09 from CNY 614,563,373.28, showing a growth in shareholder value[32] Cash Flow - The net cash flow from operating activities was CNY 8.40 million, a significant decrease of 49.53% compared to the previous year[8] - The net cash flow from operating activities for Q3 2020 was ¥49,751,267.87, a significant increase from ¥17,940,728.01 in Q3 2019, representing an increase of approximately 177.5%[55] - The net cash flow from financing activities was -¥42,166,740.92, a decrease from ¥116,001,453.29 in Q3 2019, indicating a decline of approximately 136.3%[56] Investment and Expenses - Research and development expenses increased by 45.69% to ¥20,069,382.21, as new product lines began development[17] - Investment income surged by 102.24% to ¥314,553.43, mainly due to increased trading financial assets from subsidiaries[17] - Cash inflow from investment activities rose by 46.77% to ¥88,708,847.49, resulting from the recovery of wealth management funds[17] - The company reported a 30.43% increase in taxes and surcharges to ¥3,806,571.97, primarily due to increased property tax provisions[17] - The total operating costs decreased to CNY 116,306,663.14 from CNY 134,665,300.14, a reduction of approximately 13.7%[38] Accounts Receivable and Inventory - Accounts receivable rose by 40.46% to ¥56,912,035.08, attributed to an increase in payments settled with bank acceptance bills[16] - Accounts receivable rose to CNY 231,507,414.01 from CNY 196,370,652.62, suggesting an increase in sales on credit[32] - Inventory levels slightly decreased to CNY 77,121,702.50 from CNY 78,674,174.83, indicating stable inventory management[32] Government Support - The company received government subsidies amounting to CNY 1.80 million during the reporting period[9]

江苏日久光电股份有限公司 2020 年第三季度报告全文 江苏日久光电股份有限公司 2020 年第三季度报告 2020 年 10 月 1 江苏日久光电股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈超、主管会计工作负责人赵蕊及会计机构负责人(会计主管人 员)赵蕊声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏日久光电股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 | 项目 | 年初至报告期期末金额 说明 | | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -9,428.60 | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 1,795,856.93 政府补助 | | 委托他人投资或管理资产的损益 | 314,553.43 委托理财产品收益 | | 单独进行减值测试 ...