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].