Revenue and Profitability - Revenue for Q3 2021 was CNY 1,444,464,039.04, a decrease of 20.29% year-over-year[3] - Total operating revenue for the third quarter was ¥3,935,141,878.15, a decrease of 14.1% compared to ¥4,582,953,004.65 in the same period last year[15] - Net loss attributable to shareholders was CNY -404,941,237.28, down 27.49% compared to the same period last year[3] - The net loss for the period was ¥1,491,154,173.27, compared to a net loss of ¥1,216,759,824.10 in the previous year, indicating a worsening of 22.5%[16] - The total comprehensive loss for the period was ¥1,572,536,476.87, compared to a loss of ¥916,887,861.30 in the previous year, reflecting a deterioration of 71.6%[17] Assets and Liabilities - Total assets at the end of the reporting period were CNY 62,683,468,664.97, a decrease of 3.31% from the end of the previous year[3] - Total assets as of the end of Q3 2021 were CNY 64,829,232,860.32, slightly down from CNY 64,895,209,804.71 at the beginning of the year[24] - Total liabilities amounted to ¥36,215,610,467.30, with a slight increase from the previous figure of ¥36,281,587,411.69[25] - The company's total liabilities decreased to ¥35,458,379,720.47 from ¥36,215,610,467.30, a reduction of 2.1%[16] - Total non-current assets are reported at ¥29,064,229,216.53, down from ¥30,547,593,732.78 at the end of 2020[12] Shareholders' Equity - Shareholders' equity attributable to the parent company was CNY 26,175,487,968.21, down 5.57% from the previous year-end[3] - The total equity attributable to shareholders decreased to ¥26,175,487,968.21 from ¥27,718,413,573.97, a decline of 5.6%[16] - The total equity of minority shareholders was ¥895,208,819.05, remaining stable[26] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 651,562,505.36, a decrease of 16.23% year-over-year[3] - The cash inflow from operating activities for Q3 2021 was CNY 6,365,338,680.51, slightly up from CNY 6,347,821,923.24 in Q3 2020, indicating a growth of approximately 0.3%[20] - The net cash flow from operating activities decreased to CNY 651,562,505.36 from CNY 777,817,409.44 in the previous year, representing a decline of about 16.2%[20] - The total cash inflow from investing activities was CNY 581,484,594.54, a significant drop from CNY 4,371,544,461.77 in Q3 2020, reflecting a decrease of approximately 86.7%[20] - The cash inflow from financing activities totaled CNY 1,035,930,087.19, down from CNY 1,503,734,745.79 in Q3 2020, indicating a decrease of about 31.1%[21] Expenses and Impairments - Management expenses increased by 53.82% year-over-year, totaling CNY 689,579,690.63, primarily due to increased amortization of intangible assets[6] - The company reported a significant increase in credit impairment losses of 1220.53%, amounting to CNY 44,607,642.50, due to enhanced collection efforts[6] - Asset impairment losses were CNY -495,022,488.94, reflecting a substantial decline attributed to fixed asset impairments[6] - The company experienced a substantial increase in credit impairment losses, amounting to ¥44,607,642.50, compared to ¥3,378,018.62 in the previous year[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 325,025, including 310,330 A-share shareholders and 14,695 B-share shareholders[8] - The top 10 shareholders hold a total of 1,500,000,000 shares, with Dongxu Group Co., Ltd. holding 15.97% (915,064,091 shares) and Shijiazhuang Baoshi Electronics Group Co., Ltd. holding 4.39% (251,665,471 shares) of the shares[8] Compliance and Reporting - The company is undergoing adjustments due to the new leasing standards effective from 2021, impacting the financial statements[22] - The third-quarter report was not audited, indicating preliminary figures[27] - The company has implemented the new leasing standards since January 1, 2021, without retrospective adjustments[27]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,490,677,839.11, a decrease of 10.11% compared to ¥2,770,888,073.71 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥1,066,170,731.64, representing an 18.88% decline from -¥896,816,721.92 in the previous year[19]. - The basic earnings per share were -¥0.19, a decrease of 18.75% from -¥0.16 in the same period last year[19]. - The diluted earnings per share were also -¥0.19, reflecting the same percentage decline as the basic earnings per share[19]. - The company reported a net profit of -136,915.78 million, a decrease of 71.19% compared to the same period last year[159]. - The net loss for the first half of 2021 was CNY 1,091,857,979.74, compared to a net loss of CNY 894,402,976.63 in the first half of 2020, representing a 22% increase in losses[174]. - The total comprehensive income for the first half of 2021 was -488,104,327.19 CNY, compared to -384,012,320.28 CNY in the first half of 2020[178]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 42.10% to ¥534,414,730.46, compared to ¥376,087,214.61 in the same period last year[19]. - Cash inflow from operating activities amounted to 4,080,043,395.02 CNY, an increase from 3,962,405,091.99 CNY year-over-year[181]. - The net cash flow from investing activities was -1,150,274,925.41 CNY, worsening from -60,375,249.39 CNY year-over-year[182]. - The ending balance of cash and cash equivalents was 623,781,893.03 CNY, an increase from 482,636,588.91 CNY at the end of the previous year[182]. - The company reported a cash balance of RMB 96.37 billion, with RMB 86.54 billion being restricted funds, highlighting liquidity challenges[108]. Assets and Liabilities - The total assets at the end of the reporting period were ¥62,624,841,523.13, down 3.40% from ¥64,829,232,860.32 at the end of the previous year[19]. - The company's total liabilities increased to CNY 20,464,274,799.55, up from CNY 19,507,988,080.64 in the previous year, indicating a rise of 4.9%[171]. - The debt-to-asset ratio was 55.69%, a slight decrease of 0.03% compared to the previous year[159]. - The total liabilities at the end of the reporting period were 24,831.05 million yuan, reflecting a manageable debt level[196]. Revenue Breakdown - The optical display materials business generated sales revenue of RMB 1.26 billion, accounting for 50.74% of total sales revenue, with a year-on-year increase of 37.54%[29]. - The high-end equipment manufacturing and technology services business saw a significant revenue drop of 84%, with sales of only RMB 0.94 billion[30]. - The new energy vehicle business revenue increased by 31% year-on-year, reaching RMB 1.6 billion, but still contributed to the overall loss[30]. - The graphene industrial application business reported sales of RMB 0.11 billion, a decrease of 43% compared to the previous year[30]. Research and Development - The company's research and development investment was RMB 99.85 million, a slight decrease of 4.01% from the previous year[35]. - Research and development expenses for the first half of 2021 were CNY 72,791,655.32, down 23.3% from CNY 94,962,764.20 in the same period of 2020[172]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with all monitored pollutants reported to be within the regulatory limits[69]. - The company reported a chemical oxygen demand (COD) of 9.83 mg/L, which is below the standard limit of 500 mg/L, with a total discharge of 21.25 tons per year[72]. - The nitrogen oxides (NOx) emissions were recorded at 258.0 mg/m³, significantly below the limit of 700 mg/m³, with an annual total of 84.76 tons[72]. - The company has successfully maintained all emissions within the required standards, demonstrating effective environmental management practices[71]. Shareholder and Corporate Governance - The company emphasizes the protection of shareholder rights, ensuring transparent information disclosure and maintaining communication with approximately 310,000 shareholders[95]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[103]. - The company has not engaged in any violations regarding external guarantees during the reporting period[104]. Strategic Initiatives - The company is focusing on technological upgrades to prevent being replaced by emerging OLED technologies[60]. - The company plans to enhance accounts receivable management and accelerate inventory turnover to improve liquidity and reduce capital occupation by inventory[61]. - The company aims to improve its financial health by addressing the negative retained earnings and exploring new investment opportunities[200].

Financial Performance - The company's revenue for Q1 2021 was ¥1,185,966,959.29, representing a 16.48% increase compared to ¥1,018,202,358.23 in the same period last year[8] - The net profit attributable to shareholders was -¥467,248,931.50, a decrease of 23.26% from -¥379,066,355.02 year-over-year[8] - The basic earnings per share were -¥0.0815, a decline of 16.43% compared to -¥0.0700 in the same period last year[8] - The company reported a net loss of approximately ¥1.06 billion in retained earnings as of March 31, 2021, compared to a loss of approximately ¥592.45 million at the end of 2020[31] - The net profit for Q1 2021 was -279,456,786.30 CNY, compared to -191,700,344.32 CNY in the same period last year, indicating a decline of approximately 46%[43] - Total comprehensive income for Q1 2021 was -390,559,412.62 CNY, compared to -191,700,344.32 CNY in the previous year, reflecting a significant increase in losses[44] Cash Flow - The net cash flow from operating activities was ¥377,011,046.37, down 6.24% from ¥402,096,124.83 in the previous year[8] - Cash inflow from operating activities was 2,169,991,158.62 CNY, up from 2,012,013,368.34 CNY year-over-year, representing an increase of about 7.8%[47] - Cash outflow from operating activities totaled 1,792,980,112.25 CNY, compared to 1,609,917,243.51 CNY in the previous year, marking an increase of approximately 11.3%[47] - Cash flow from investing activities resulted in a net outflow of -300,136,882.99 CNY, compared to -25,859,801.13 CNY in the previous year, indicating a significant increase in investment losses[47] - Cash flow from financing activities showed a net outflow of -50,661,803.06 CNY, improving from -173,749,682.10 CNY year-over-year, a reduction of approximately 70.8%[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥63,996,827,787.98, a decrease of 1.28% from ¥64,829,232,860.32 at the end of the previous year[8] - The total current assets decreased to approximately ¥33.49 billion from ¥34.28 billion, representing a decline of about 2.3%[28] - The company's total liabilities as of Q1 2021 amounted to CNY 19,895,413,629.72, an increase from CNY 19,507,988,080.64 in the previous period[38] - Total liabilities decreased to approximately ¥35.97 billion from ¥36.22 billion, a reduction of about 0.7%[30] - The company's total equity decreased to approximately ¥28.02 billion from ¥28.61 billion, reflecting a decline of about 2.1%[31] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 319,482[10] - The largest shareholder, Dongxu Group Co., Ltd., held 15.97% of the shares, amounting to 915,064,091 shares, with 352,006,791 shares pledged[11] Operating Costs and Expenses - Operating costs increased by 19.90% to ¥1,064,479,524.02 from ¥887,807,718.97, reflecting the same reasons as revenue growth[15] - Management expenses rose significantly by 67.74% to ¥228,643,723.90, attributed to increased amortization from newly acquired intangible assets[15] - Research and development expenses decreased by 55.63% to ¥21,329,714.85 from ¥48,072,499.85, impacted by funding constraints despite ongoing investments in relevant production lines and products[15] - Other income fell by 53.12% to ¥35,715,680.99, mainly due to a reduction in government subsidies[15] Audit and Approval - The company did not undergo an audit for the first quarter report[53] - The report was approved by the board on April 30, 2021[54]