重要内容提示： 宸展光电（厦门）股份有限公司 2022 年第三季度报告 证券代码：003019 证券简称：宸展光电 公告编号：2022-080 宸展光电（厦门）股份有限公司 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.公司负责人孙大明、主管会计工作负责人徐可欣及会计机构负责人(会计主管人员)兰彬彬声明：保证 季度报告中财务信息的真实、准确、完整。 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。 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 470,982,866.22 | 7.77% | 1,461,376,012.67 | 31.03% | | 归属于上市公司股东的净利润（元 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 990,393,146.45, representing a 46.02% increase compared to CNY 678,272,501.91 in the same period last year[21]. - The net profit attributable to shareholders was CNY 137,090,373.82, up 111.20% from CNY 64,911,307.45 year-on-year[21]. - The net profit after deducting non-recurring gains and losses reached CNY 138,107,882.32, marking a 148.47% increase compared to CNY 55,584,301.95 in the previous year[21]. - The net cash flow from operating activities was CNY 82,032,663.45, a significant turnaround from a negative cash flow of CNY -188,347,588.28 in the same period last year, representing a 143.55% improvement[21]. - The basic earnings per share (EPS) was CNY 0.93, an increase of 111.36% from CNY 0.44 in the previous year[21]. - The total operating revenue for the reporting period reached ¥990,393,146.45, representing a year-on-year increase of 46.02% compared to ¥678,272,501.91 in the same period last year[38]. - Operating profit for the first half of 2022 was ¥175,848,499.34, up from ¥80,835,907.38 in the first half of 2021, reflecting a growth of 117.5%[152]. - The net profit for the first half of 2022 reached ¥109,048,576.15, representing a growth of 109.5% from ¥51,842,823.39 in the first half of 2021[155]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,855,220,726.18, a slight decrease of 1.08% from CNY 1,875,446,688.67 at the end of the previous year[21]. - The company's cash and cash equivalents decreased to ¥118,363,657.79, down by 7.08% from ¥252,456,230.81 at the end of the previous year[41]. - The accounts receivable increased to ¥462,211,993.26, representing 24.91% of total assets, up from 20.32% the previous year[41]. - Total liabilities decreased to CNY 463,662,758.35, a reduction of 18.19% from CNY 566,254,747.56[145]. - The company's equity increased to CNY 1,391,557,967.83, up by 6.29% from CNY 1,309,191,941.11[145]. - The total assets as of June 30, 2022, were CNY 1,855,220,726.18, a slight decrease from CNY 1,875,446,688.67[145]. - Total liabilities decreased to ¥413,299,210.11 from ¥478,186,367.37, indicating a reduction of 13.6%[149]. Investment and R&D - Research and development investment amounted to 26,350,534.76 CNY, an increase of 5.98% compared to the previous year[37]. - The company is enhancing its R&D capabilities through the upgrade of its R&D center and information systems, although these projects do not generate direct economic benefits[63]. - Research and development expenses for the first half of 2022 were ¥26,350,534.76, compared to ¥24,862,978.96 in the same period of 2021, showing an increase of 6.0%[150]. Market Strategy and Expansion - The company is focusing on expanding its market presence in emerging sectors such as smart fitness and remote education[33]. - The company is focusing on expanding its domestic market presence in response to the growing demand for smart interactive devices in retail, catering, and logistics sectors[64]. - The company plans to continue expanding its brand and project outreach to further enhance revenue growth in the future[38]. - The company is transitioning from an OEM/ODM model to an ODM/OBM strategy following the acquisition of the Micro Touch brand from 3M[32]. Risk Management - The company has not disclosed any significant risks affecting normal operations, indicating a stable operational outlook[4]. - The company engaged in foreign exchange hedging to mitigate risks associated with currency fluctuations, emphasizing the necessity of such measures for business operations[52]. - The company is actively using hedging tools to manage foreign exchange risks associated with its export business, which primarily uses USD for transactions[64]. - The company acknowledges the risk of demand slowdown in downstream industries, which could adversely affect profitability if customer preferences shift[65]. - The company is facing risks related to the ongoing COVID-19 pandemic, which may impact its business operations depending on the severity of outbreaks in its operational regions[64]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company emphasizes a cash dividend policy to continuously return value to shareholders[87]. - The company has maintained a strong governance structure to protect the rights of all shareholders, especially minority shareholders[87]. - The company has fulfilled all commitments made by its actual controllers, shareholders, and related parties during the reporting period[96]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[83]. Environmental and Social Responsibility - The company has implemented various measures for carbon reduction and environmental protection, including establishing a photovoltaic power generation facility[84]. - The company has actively participated in social responsibility initiatives, including providing employment opportunities for disabled individuals and supporting educational donations[92]. - The company has been recognized as a "green factory" in Fujian Province for its environmental initiatives[91]. Financial Structure and Equity - The total amount of funds raised by the company through its initial public offering (IPO) was RMB 754.56 million, with actual usable funds amounting to RMB 685.86 million after deducting issuance costs[54]. - The company has a total of CNY 68.59 million in committed investment projects, with ongoing construction of the automated production base for smart interactive display devices[63]. - The total number of shares increased from 128,000,000 to 147,200,000 after the 2021 annual profit distribution, which included a cash dividend of 4.50 CNY per 10 shares totaling 57,600,000 CNY and a stock dividend of 1.5 shares per 10 shares totaling 19,200,000 shares[122]. - The company’s total equity distribution plan was approved by the shareholders' meeting on May 27, 2022[124].

宸展光电（厦门）股份有限公司 2022 年第一季度报告全文 证券代码：003019 证券简称：宸展光电 公告编号：2022-027 宸展光电（厦门）股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人孙大明、主管会计工作负责人徐可欣及会计机构负责人(会计主管人员)兰彬彬声明：保证季 度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 503,333,812.18 | 291,380,863.77 | 72.74% | | 归属于上市公司股东的净利润（元） | ...

证券代码：003019 证券简称：宸展光电 公告编号：2022-028 宸展光电（厦门）股份有限公司 关于召开 2021 年年度报告业绩说明会暨参加厦门辖区 上市公司投资者集体接待日活动的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 宸展光电（厦门）股份有限公司（以下简称"公司"）于 2022 年 4 月 15 日披露 了《2021 年年度报告》及《2021 年年度报告摘要》。为进一步加强与投资者的交 流，便于广大投资者更加全面深入地了解公司 2021 年度业绩和经营情况，公司拟于 2022 年 5 月 10 日召开 2021 年年度报告业绩说明会暨参加厦门辖区上市公司投资者 集体接待日活动，与广大投资者朋友们进行互动交流。 现将有关事项公告如下： 一、活动召开时间： 2022 年 5 月 10 日（星期二）14:30~16:00 二、活动召开方式： （一）活动召开方式：网络远程互动 （二）会议互动网址：全景网"投资者关系互动平台"（http://ir.p5w.net） 三、公司出席人员 出席本次说明会的人员有：董事、总经理李明芳先生，独立董事郭莉莉女 ...

Financial Performance - The company's operating revenue for 2021 was ¥1,592,319,938.02, representing a 33.40% increase compared to ¥1,193,656,060.29 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥150,887,739.71, a 35.71% increase from ¥111,183,753.54 in 2020[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥127,312,000.89, up 26.45% from ¥100,681,390.16 in 2020[20]. - The company's total assets at the end of 2021 were ¥1,875,446,688.67, a 26.28% increase from ¥1,485,124,137.28 at the end of 2020[20]. - The net assets attributable to shareholders at the end of 2021 were ¥1,309,191,941.11, an 8.19% increase from ¥1,210,115,087.20 at the end of 2020[20]. - The basic earnings per share for 2021 was ¥1.18, a 4.42% increase from ¥1.13 in 2020[20]. - The weighted average return on equity for 2021 was 12.03%, down from 20.42% in 2020, reflecting an 8.39% decrease[20]. - The company achieved operating revenue of ¥1,592,319,938.02, representing a year-on-year growth of 33.40%[67]. - The net profit attributable to shareholders was ¥150,887,739.71, reflecting a year-on-year increase of 35.71%[67]. Market Opportunities - The company operates in the commercial smart interactive display device sector, which has strong demand from various industries including retail, finance, and healthcare[30]. - The company benefits from supportive national policies aimed at promoting the development of the smart display industry, enhancing its growth prospects[31]. - The commercial IoT market in China is expected to grow from the current scale of 100 billion RMB to 500 billion RMB as penetration increases to 50%[34]. - The smart commercial terminal market in China was valued at 8.9 billion RMB in 2020, with projections to reach 14.1 billion RMB by 2023, reflecting a strong recovery post-pandemic[35]. - The global smart cockpit market was approximately 44.7 billion USD in 2020, projected to reach 73.8 billion USD by 2025, with a compound annual growth rate (CAGR) of 10.4%[39]. - The smart fitness market in China reached around 10 billion RMB in 2019, expected to exceed 82 billion RMB by 2025, with a CAGR of approximately 46%[37]. - The global market for large-sized LCD panels is anticipated to see significant growth, particularly in commercial interactive whiteboards, with a CAGR of 24% from 2021 to 2026[38]. - The penetration rate of smart interactive displays in global meeting rooms is currently below 3%, indicating substantial market potential exceeding 1 trillion USD[38]. Product Development and Innovation - The company focuses on customized commercial interactive display solutions, including hardware and software development, to meet diverse client needs[42]. - The company plans to acquire a 51% stake in Longxing Technology to enhance its large-size product line and establish a supply chain suitable for both domestic and global markets[39]. - The company has expanded its product applications to include remote conferencing and automotive smart cockpit areas following the acquisition of Taiwan Longxing Technology and investment in Hongtong Technology[47]. - The company is enhancing its capabilities in the medical display sector, providing high-resolution and color-accurate displays tailored for various medical imaging applications[53]. - The company is actively pursuing acquisitions of high-quality overseas assets, leveraging domestic financing advantages and valuation differences[142]. - The company plans to launch new products, including NFC integrated touch displays and curved monitors, with mass production expected by the end of 2022[103]. - The company developed 137 new products/projects during the reporting period, focusing on customer customization needs[79]. Financial Management and Investments - The company reported a negative net cash flow from operating activities of ¥229,445,860.22 in 2021, a decrease of 353.01% compared to ¥90,686,425.42 in 2020[20]. - The company's total investment amount for the reporting period was CNY 90,978,000, representing a 100% increase compared to the previous year[116]. - The company acquired a 51% stake in Longxing Display Technology Co., Ltd. for CNY 65,108,000, which is part of its strategy to expand into large-size commercial displays[117]. - The company also invested CNY 25,870,000 for a 10% stake in Hongtong Technology (Xiamen) Co., Ltd., focusing on automotive smart cockpit equipment[117]. - The company received various quality certifications, including ISO9001 and AEO, ensuring product quality and compliance with international standards[75]. - The company aims to mitigate foreign exchange risks through its derivative investments, specifically using foreign exchange forward contracts[122]. Corporate Governance - The governance structure of the company has been strengthened, ensuring compliance with relevant laws and regulations, enhancing internal control systems[158]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[160]. - The supervisory board is composed of 3 members, ensuring oversight of major company matters and compliance with regulations[161]. - The company maintains a transparent performance evaluation and incentive mechanism, linking compensation to company and individual performance[162]. - The company respects and protects the rights of stakeholders, promoting balanced interests among shareholders, employees, and society[163]. - Information disclosure practices are strictly adhered to, ensuring accuracy and completeness in compliance with legal requirements[164]. - The company has established a robust investor relations management system to ensure fair information disclosure to all investors[165]. Future Outlook - The company expects a net profit growth of 30% to 50% for the year 2022 compared to 2021[135]. - The company is optimistic about its future outlook, projecting continued revenue growth and market expansion in the coming years[180]. - The company plans to explore potential mergers and acquisitions to accelerate growth and expand its market reach[178]. - The company aims to leverage its expertise in optical technology to drive future growth and innovation in the industry[181]. - The company is committed to maintaining transparency and accountability in its financial reporting and corporate governance practices[176].

Revenue and Profit - Revenue for Q3 2021 reached ¥437,030,200.95, an increase of 62.65% compared to the same period last year[3] - Net profit attributable to shareholders was ¥47,602,191.16, up 106.32% year-on-year[3] - For the first three quarters of 2021, total revenue reached RMB 1,115.30 million, a 17.24% increase compared to the same period last year[14] - The net profit attributable to shareholders in Q3 2021 was RMB 47.60 million, up 106.32% year-on-year[13] - The total comprehensive income for the period was CNY 112,063,605.42, compared to CNY 96,245,539.89 in the previous period, representing an increase of approximately 16.5%[27] - The net profit for the third quarter was CNY 112,513,498.61, an increase from CNY 96,668,057.44 in the same period last year, representing a growth of approximately 16.3%[26] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of -¥280,948,446.55, a decrease of 383.32% compared to the previous year[3] - Cash inflow from operating activities totaled CNY 996,290,416.21, a decrease from CNY 1,062,660,185.21, reflecting a decline of approximately 6.2%[30] - Cash outflow from operating activities was CNY 1,277,238,862.76, compared to CNY 963,495,999.47 in the previous period, showing an increase of about 32.5%[30] - The cash and cash equivalents at the end of the period stood at CNY 85,837,272.18, down from CNY 135,781,826.49 at the end of the previous period, a decrease of approximately 36.7%[31] - The company's cash and cash equivalents decreased to CNY 87,127,272.18 from CNY 276,844,700.78, indicating a decline of about 68.5%[21] - Net cash flow from investing activities was CNY 19,149,207.90, compared to a negative CNY -14,159,727.18 in the previous period, indicating a significant improvement[31] - Net cash flow from financing activities was CNY 72,867,926.40, recovering from a negative CNY -60,901,632.38 in the previous period[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,785,273,839.61, representing a 20.21% increase from the end of the previous year[3] - Current assets increased to CNY 1,621,612,306.71 from CNY 1,288,859,455.25 at the end of 2020, reflecting a growth of approximately 25.8%[21] - Short-term borrowings increased by 214.64% to ¥192,981,392.34, primarily for strategic material procurement[8] - Short-term borrowings increased to CNY 192,981,392.34 from CNY 61,334,060.00, representing a growth of about 214.5%[22] - The company reported a significant increase in accounts receivable, which rose to CNY 387,687,129.47 from CNY 209,448,844.55, indicating a growth of approximately 85.0%[21] - Accounts receivable increased by 85.10% to ¥387,687,129.47, driven by higher revenue[7] - Inventory rose by 88.11% to ¥534,788,968.08 due to global electronic component shortages[7] - The inventory level rose significantly to CNY 534,788,968.08 from CNY 284,296,443.82, marking an increase of approximately 88.0%[21] Business Development and Strategy - The company received over RMB 2.2 billion in new orders this year, a growth of over 160% year-on-year, with approximately RMB 800 million delivered and RMB 1.4 billion pending delivery[13] - The revenue from the smart interactive display segment was RMB 504.02 million, accounting for 45.19% of total revenue, with a slight increase of 0.68% year-on-year[15] - Domestic sales increased significantly, with a growth rate of 211.25% year-on-year, reaching RMB 56.82 million[15] - The company plans to acquire 51% of Longxing Technology to expand its business system, with a transaction value not exceeding USD 10 million[17] - The company is progressing with the acquisition of Longxing Technology, expected to be completed by the end of the year, enhancing product development and supply chain integration[18] - The company launched a new sports fitness project, contributing to new business growth[14] Employee and Shareholder Information - The company’s basic earnings per share for the period was ¥0.37, a 54.74% increase year-on-year[3] - Basic and diluted earnings per share were both CNY 0.88, down from CNY 1.01 in the previous period, indicating a decrease of about 13%[27] - The weighted average return on equity was 3.82%, down 0.80% from the previous year[3] - The company implemented an employee stock option plan, granting 4.6493 million stock options at an exercise price of RMB 21.98 per share[16] Government Support and Taxation - The company received government subsidies amounting to ¥1,838,535.89 during the reporting period[5] - The company reported a tax refund of CNY 46,214,226.58, compared to CNY 32,934,110.10 in the previous period, an increase of approximately 40.4%[30] Exchange Rate Impact - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of RMB 786,116.35, a decline of 88.32% compared to the previous year[12]

证券代码：003019 证券简称：宸展光电 公告编号：2021-055 宸展光电（厦门）股份有限公司 关于参加2021年度厦门辖区上市公司 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 为了加强公司与投资者建立良好沟通机制，便于广大投资者更深入全面地了解 公司的经营情况和发展战略，宸展光电（厦门）股份有限公司（以下简称"公司"） 参加在中国证券监督管理委员会厦门监管局指导下，厦门上市公司协会联合深圳市 全景网络有限公司举办的"2021年度厦门辖区上市公司投资者网上集体接待日"活 动，现将有关事项公告如下： 一、活动日期与时间： 2021年9月7日（星期二）15:00-17:00 二、活动方式： 本次活动将在全景网投资者关系互动平台上 举行，投资者可登录网址 https://rs.p5w.net/html/128790.shtml进入专题页面，再点击公司LOGO进入交 流。 三、公司出席人员 出席本次说明会的人员有：董事、总经理李明芳先生，财务总监徐可欣女士， 董事会秘书钟柏安先生。 四、投资者问题征集及方式 为了提升公司与投资 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥678,272,501.91, a decrease of 0.64% compared to ¥682,618,883.77 in the same period last year[23]. - The net profit attributable to shareholders was ¥64,911,307.45, down 11.80% from ¥73,595,626.53 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥55,584,301.95, representing a decline of 21.27% compared to ¥70,601,252.36 in the previous year[23]. - Basic earnings per share were ¥0.51, down 33.77% from ¥0.77 in the previous year[23]. - The net cash flow from operating activities was -¥188,347,588.28, a significant decrease of 4,365.81% from -¥4,217,544.59 in the same period last year[23]. - In the first half of 2021, the company achieved operating revenue of 678.27 million yuan, a year-on-year decrease of 0.64%, but a quarter-on-quarter increase of 32.72%[51]. - The net profit attributable to shareholders of the listed company was 64.91 million yuan, down 11.80% year-on-year, but up 72.69% quarter-on-quarter[51]. - The company reported a total revenue of ¥678,272,501.91 for the current period, a decrease of 0.64% compared to ¥682,618,883.77 in the same period last year[81]. - The company reported a total of 11,449.88 thousand yuan in related party transactions, accounting for 17.46% of similar transactions[138]. - The total amount of related party transactions during the reporting period was 11,971.71 thousand yuan[139]. Assets and Liabilities - Total assets increased by 13.10% to ¥1,679,619,115.61 from ¥1,485,124,137.28 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 0.82% to ¥1,220,097,123.97 from ¥1,210,115,087.20 at the end of the previous year[23]. - Cash and cash equivalents decreased to ¥104,371,738.34, representing 6.21% of total assets, down from 18.64% at the end of the previous year, primarily due to increased cash outflows from operating activities[90]. - Accounts receivable increased to ¥326,282,359.03, accounting for 19.43% of total assets, up from 14.10% last year, mainly due to increased revenue[90]. - Inventory rose to ¥439,230,783.59, making up 26.15% of total assets, an increase from 19.14% last year, attributed to strategic material procurement amid global electronic component shortages[90]. - Short-term borrowings increased to ¥167,742,766.48, representing 9.99% of total assets, up from 4.13% last year, primarily for strategic material procurement[90]. - Total liabilities increased to CNY 459,521,991.64, up 67.0% from CNY 275,009,050.08[174]. - The company's total assets reached CNY 1,679,619,115.61, an increase of 13.1% from CNY 1,485,124,137.28[175]. Market and Business Strategy - The main business focus is on providing customized commercial smart interactive display solutions, including touch display screens and integrated machines[31]. - The online fitness equipment market is rapidly growing, with the company targeting this sector with interactive devices for smart treadmills and exercise bikes[34]. - The industrial automation sector shows significant demand for smart interactive display devices, enhancing production management efficiency[36]. - The gaming and entertainment sector utilizes the company's interactive display devices in gaming machines and advertising boards, focusing on low latency and high durability[40]. - The company’s products are also applied in transportation, logistics, and public services, with a broad market outlook driven by IoT technology and smart city initiatives[41]. - The market demand for commercial smart interactive display devices is driven by various sectors including retail, finance, healthcare, and education, indicating strong growth potential[43]. - The company operates under a JDM/ODM model, allowing for highly customized product development and strong independent innovation capabilities[50]. - The ongoing advancements in technology and the increasing application of smart interactive display devices in various industries are expected to drive market demand[46]. - The COVID-19 pandemic has accelerated the growth of new industries, such as online fitness, which presents additional market opportunities for smart interactive display devices[48]. - The company is actively expanding into the smart fitness market, supported by the national fitness plan aiming for a sports industry scale of 5 trillion CNY by 2025[64]. Research and Development - The company has a strong R&D team of 126 members, accounting for 16.98% of total employees, focusing on new product and technology development[72]. - The company has obtained 69 valid patents, with 34 in mainland China and 35 in Taiwan, showcasing its innovation capabilities[74]. - Research and development expenses rose by 4.78% to ¥24,862,978.96, indicating a continued investment in innovation[82]. - The company is committed to continuous research and development of new technologies and products to maintain competitiveness in the market[102]. Risk Management - The company faces risks related to high customer concentration, which could negatively impact operations if major clients reduce purchases[103]. - The company is actively expanding its domestic market to diversify its customer base and reduce risks associated with customer concentration[103]. - The company has implemented measures to hedge against foreign exchange risks, primarily using financial hedging tools[107]. - The company is monitoring changes in export tax rebate policies that could affect profitability due to its high export revenue[108]. - The company is taking steps to mitigate risks associated with raw material price fluctuations by establishing long-term supplier relationships[109]. - The ongoing COVID-19 pandemic poses risks to business operations, and the company is increasing raw material procurement to manage potential disruptions[110]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7]. - A total of 4.6493 million stock options were granted under the 2021 stock option incentive plan, with an exercise price of 21.98 CNY per option[117]. - The total number of ordinary shareholders at the end of the reporting period was 19,173[158]. - The company has a total of 128,000,000 shares, with 96,000,000 shares subject to restrictions, representing 75.00% of total shares[156]. - Foreign investors hold 72,825,472 shares, accounting for 56.89% of the total shares[156]. - The largest shareholder, IPC Management Limited, holds 31.06% of the shares, totaling 39,750,400[158]. - The second-largest shareholder, Songbao Investment Limited, holds 11.25% of the shares, totaling 14,400,000[158]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[162]. Social Responsibility and Sustainability - The company actively participates in social responsibility initiatives, providing employment opportunities for disabled individuals and supporting educational donations[128]. - The company has implemented several energy-saving initiatives, including establishing a photovoltaic power generation facility and promoting a "sponge city" concept[126].

Financial Performance - The company's revenue for Q1 2021 was ¥291,380,863.77, a decrease of 6.32% compared to ¥311,054,152.45 in the same period last year[7] - Net profit attributable to shareholders was ¥27,953,686.38, down 14.93% from ¥32,858,620.30 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥24,868,219.04, reflecting a decline of 19.07% compared to ¥30,728,370.23 in the previous year[7] - The basic earnings per share decreased by 35.29% to ¥0.22 from ¥0.34 in the same period last year[7] - The weighted average return on equity was 2.28%, down 4.26% from 6.54% in the previous year[7] - Total operating revenue for Q1 2021 was CNY 291,380,863.77, a decrease of 6.4% compared to CNY 311,054,152.45 in Q4 2020[41] - Total operating costs for Q1 2021 were CNY 257,012,212.87, down 4.9% from CNY 270,615,392.40 in Q4 2020[41] - Net profit for Q1 2021 was CNY 27.95 million, down 15% from CNY 32.86 million in the same period last year[42] - Total profit for Q1 2021 was CNY 35.47 million, a decrease of 18.1% from CNY 43.32 million in the prior period[42] - Operating profit for Q1 2021 was CNY 35.45 million, down 20% from CNY 44.32 million in the previous year[42] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,534,658,186.61, an increase of 3.34% from ¥1,485,124,137.28 at the end of the previous year[7] - Net assets attributable to shareholders increased by 2.29% to ¥1,237,825,802.45 from ¥1,210,115,087.20 at the end of the previous year[7] - Total assets as of March 31, 2021, amounted to CNY 1,463,523,583.93, up from CNY 1,417,835,529.91 at the end of 2020[39] - Total liabilities increased to CNY 257,691,487.62 from CNY 237,432,791.84, representing an increase of 8.8%[40] - The company's total liabilities increased to 289,424,837.57 CNY after adjustments, primarily due to the recognition of lease liabilities[56] - The total current liabilities increased to CNY 279,091,200.93 from CNY 268,629,667.85, showing a rise of about 3.4%[35] - The total non-current liabilities rose to CNY 17,741,183.23 from CNY 6,379,382.23, indicating a significant increase of about 178.5%[35] Cash Flow - The net cash flow from operating activities was negative at -¥56,795,528.42, compared to -¥10,878,524.94 in the same period last year[7] - Cash flow from operating activities decreased by 49.00% to 208.29 million, primarily due to government subsidies received in the previous year[16] - The company reported a net cash outflow from operating activities of -77,550,130.79 CNY, compared to a positive cash flow of 5,086,828.82 CNY in the prior period[51] - The total cash inflow from investment activities was 356,204,225.35 CNY, while cash outflow was 412,843,890.92 CNY, resulting in a net cash outflow of -56,639,665.57 CNY[53] - The company's cash outflow for financing activities decreased by 48.46% to 6,535.21 million, largely due to a significant cash dividend payout in the previous year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,176[10] - The company's total equity attributable to shareholders reached CNY 1,205,832,096.31, an increase from CNY 1,180,402,738.07[40] - The company's total equity remained stable at CNY 991,825,802.45 as of March 31, 2021[35] Operational Highlights - The company secured orders worth 2,560.96 million in the smart fitness sector during Q1 2021, with shipments expected in Q2 and Q3 2021[17] - The company plans to acquire 51% of Longxing Display Technology Co., Ltd. for a cash consideration between 3.2 million and 10 million, linked to future net profits[18] Changes in Financial Position - Cash and cash equivalents decreased by 34.09% to 18,247.02 million due to the purchase of financial products and structured deposits[15] - Accounts receivable financing increased by 36.09% to 862.51 million, primarily due to an increase in customer acceptance bills[15] - Prepayments surged by 1294.50% to 3,121.91 million, mainly due to increased advance payments to suppliers[15] - Interest income rose significantly by 540.44% to 132.03 million, attributed to increased deposit interest income[15] - The company reported a 63.66% decrease in taxes and surcharges to 30.84 million, mainly due to reduced VAT surcharges[15] - The company’s interest expenses decreased by 48.08% to 17.38 million, reflecting lower interest costs on credit borrowings[15] Research and Development - Research and development expenses for Q1 2021 were CNY 10,827,590.67, slightly down from CNY 11,313,694.77 in Q4 2020[41] - Research and development expenses for Q1 2021 were CNY 3.85 million, slightly down from CNY 4.06 million in the previous year[45] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥3,085,467.34 for the reporting period[8] - The company experienced a decrease in cash inflow from sales, totaling CNY 267.79 million, down from CNY 328.13 million in the prior period[48] - The company reported a decrease in comprehensive income to CNY 27.71 million from CNY 32.68 million in the previous year[42] - The impact of exchange rate changes on cash and cash equivalents was a positive 598,060.80 CNY, contrasting with a negative impact of -903,557.92 CNY in the previous period[53] Accounting Changes - The company adopted a new leasing standard effective January 1, 2021, impacting the financial statements[61] - The adjustment for right-of-use assets and lease liabilities was CNY 523,755.00 each, reflecting the impact of the new leasing standard[62] - The first quarter report for 2021 was not audited, indicating preliminary financial data[63]

Financial Performance - The company's operating revenue for 2020 was ¥1,193,656,060.29, a decrease of 9.71% compared to ¥1,322,026,162.28 in 2019[19]. - The net profit attributable to shareholders for 2020 was ¥111,183,753.54, down 24.43% from ¥147,135,010.79 in 2019[19]. - The net cash flow from operating activities decreased by 40.29% to ¥90,686,425.42 in 2020 from ¥151,873,114.33 in 2019[19]. - The company's total revenue for 2020 was CNY 1,193.66 million, a decrease of 9.71% compared to CNY 1,322.03 million in 2019[59]. - The net profit attributable to shareholders was CNY 111.18 million, down 24.43% year-on-year, while the net profit excluding non-recurring items was CNY 100.68 million, a decrease of 23.32%[59]. - The revenue from smart interactive displays was CNY 621.25 million, accounting for 52.05% of total revenue, reflecting a decline of 25.33% from CNY 831.98 million in 2019[70]. - The revenue from smart interactive all-in-one machines increased by 11.12% to CNY 404.05 million, representing 33.85% of total revenue[70]. Shareholder Information - The company reported a profit distribution plan based on 128,000,000 shares, proposing a cash dividend of 4.3 RMB per 10 shares (including tax) with no bonus shares[5]. - The cash dividend distribution represents 49.50% of the net profit attributable to ordinary shareholders for 2020[132]. - The company has maintained a consistent cash dividend policy over the past three years, with no adjustments made to the profit distribution policy[130]. - The total number of shares for the cash dividend distribution in 2020 is based on 12.8 million shares[134]. - The company has not proposed any stock dividends or capital reserve transfers during the reporting period[134]. - The company’s cash dividend for 2019 was 7.5 RMB per 10 shares, totaling 72 million RMB[131]. - The company’s cash dividend for 2018 was 6.2 RMB per 10 shares, totaling 59.52 million RMB[131]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and does not guarantee future performance[5]. - The company has no significant risks affecting its normal operations as of the report date[5]. - The company faces risks from fluctuations in downstream industry demand, particularly in sectors like retail and finance, which could impact profitability if demand slows[117]. - The company has a high customer concentration risk, with the top five customers accounting for 73.30% of revenue in 2020, which could pose challenges if major clients reduce orders[118]. - The company reported foreign exchange losses due to RMB/USD fluctuations, with losses of -8.24 million, -0.97 million, and 1.15 million from 2018 to 2020, affecting overall profitability[121]. - The company’s export revenue accounted for 97.12% in 2020, making it vulnerable to changes in export tax rebate policies that could impact profitability[123]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[4]. - The company has appointed Lixin Accounting Firm as its auditor, with an audit fee of 500,000 RMB and a continuous service period of 4 years[145]. - The company has not experienced any significant accounting errors that require retrospective restatement during the reporting period[143]. - The company has not made any changes to the scope of the consolidated financial statements compared to the previous year[144]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[148]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[150]. Product Development and Innovation - The company focuses on customized commercial interactive display devices, with applications in various sectors including retail, finance, and healthcare[28]. - The company plans to expand its product applications to include large-scale remote office meeting systems and smart fitness equipment[34]. - The company has established a robust supplier management system to ensure the quality of raw materials[36]. - The company has established a comprehensive advantage in the commercial smart interactive display device manufacturing industry, providing customized and diversified product solutions across various sectors, including retail, finance, and healthcare[42]. - The company has a strong product integration design capability, allowing for high compatibility of smart interaction, display, and software applications, meeting diverse customer needs[43]. - The automated optical inspection (AOI) equipment achieves a recognition rate of over 97% for detecting soldering conditions on electronic circuit boards, significantly enhancing production efficiency[44]. - The company has enhanced its product development by introducing new technologies, such as AirTouch technology and UV sterilization devices, to adapt to market needs during the pandemic[62][63]. - The acquisition of 3M's MicroTouch brand will expand the company's product offerings in touch systems and displays, enhancing service efficiency and flexibility[65]. - The company plans to introduce 3D printers and 3D scanners to enhance product development efficiency and meet customer customization needs, significantly improving the design phase's intelligence level[111]. Market Strategy and Expansion - The company aims to expand into emerging product application fields globally, anticipating increased order volumes and rapid performance growth due to rising market demand[48]. - The company has set up subsidiaries and offices in various locations, including the United States and Japan, to support its international sales and service efforts[49]. - The company plans to strengthen its domestic market expansion, as the demand for commercial smart interactive display devices is increasing significantly in mainland China[108]. - The company intends to implement intelligent manufacturing in R&D and design processes to improve efficiency and responsiveness to market demands[110]. Social Responsibility and Compliance - The company actively fulfills its social responsibilities while creating value for shareholders and other stakeholders[164]. - The company has donated RMB 1 million to support social welfare initiatives during the COVID-19 pandemic, demonstrating its commitment to social responsibility[171]. - The company has established a robust safety and environmental management system, certified by OHSAS 18001:2007, to ensure workplace safety and environmental protection[169]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities, indicating compliance with environmental regulations[173]. Share Structure and Ownership - The total number of shares increased from 96 million to 128 million after the issuance of 32 million new shares, representing a 33.33% increase in total shares[178]. - The largest shareholder, IPC Management Limited, holds 31.06% of the shares, totaling 39,750,400 shares[183]. - The company has a total of 25,695 shareholders at the end of the reporting period[183]. - The actual controller, Chiang Michael Chao-Juei, is a Canadian national with extensive experience in the electronics industry[187]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[185][187]. - The company has maintained stable shareholding structures with no significant changes in the ownership of directors and senior management[197].