Financial Performance - Total revenue for the first quarter was ¥1,348,956,788.18, a decrease of 18.61% compared to ¥1,657,302,599.33 in the same period last year[9] - Net profit attributable to shareholders was ¥192,854,351.60, an increase of 13.18% from ¥170,392,703.05 year-on-year[9] - Net profit excluding non-recurring gains and losses was ¥184,260,026.17, up 11.50% from ¥165,250,206.55 in the previous year[9] - Operating cash flow for the quarter was ¥286,727,023.10, down 13.93% from ¥333,113,718.73 in the same period last year[9] - Basic earnings per share increased to ¥0.0792, a rise of 6.88% compared to ¥0.0741 in the previous year[9] - Operating profit reached 235.34 million RMB, an increase of 10.15% year-on-year, while net profit attributable to the parent company was 192.85 million RMB, up 13.18% year-on-year[36] - The company reported a sales revenue decline due to a change in the settlement model for small and medium-sized mobile phone display modules, shifting from a Buy And Sell model to a combination of Buy And Sell and processing fee collection, with the latter's proportion increasing[40] - The total comprehensive income for the current period is ¥197,444,572.63, compared to ¥172,622,738.60 in the previous period, an increase of 14.3%[82] Assets and Liabilities - Total assets at the end of the quarter were ¥9,090,193,683.89, reflecting a 0.79% increase from ¥9,018,621,203.73 at the end of the previous year[9] - Total liabilities amounted to ¥2,480,145,566.32, down from ¥2,647,400,806.56, showing a decrease of around 6.3%[62] - Current liabilities decreased to ¥1,958,876,607.44 from ¥2,108,120,339.43, representing a reduction of approximately 7.1%[62] - Owner's equity increased to ¥6,610,048,117.57, compared to ¥6,371,220,397.17, marking an increase of about 3.7%[65] - Total current assets amounted to approximately ¥3.37 billion, compared to ¥3.20 billion in the same period last year[56] - Total assets increased to ¥9,090,193,683.89, up from ¥9,018,621,203.73, reflecting a growth of approximately 0.8%[65] Shareholder Information - The total number of ordinary shareholders at the end of the period was 149,908[16] - The largest shareholder, Wuhu Tieyuan Investment Co., Ltd., held 11.13% of the shares, totaling 271,497,707 shares[16] - Net assets attributable to shareholders increased by 3.75% to ¥6,540,655,188.87 from ¥6,304,237,116.90 at the end of the previous year[9] Cash Flow - The company’s cash received from sales of goods and services decreased by 37.34% year-on-year, primarily due to an increase in the proportion of bill settlements during the reporting period[32] - The company’s cash paid for purchasing goods and services decreased by 50.23% year-on-year, also due to an increase in bill settlements[32] - Cash and cash equivalents rose to ¥705,410,367.86 from ¥563,451,791.21, reflecting an increase of approximately 25.1%[66] - The cash flow from operating activities for the current period is 286,727,023.10, compared to 333,113,718.73 in the previous period, showing a decline of approximately 13.9%[93] - The cash flow from investing activities has a net inflow of 24,630,118.04, a significant improvement from a net outflow of -136,867,152.61 in the previous period[93] - The cash flow from financing activities shows a net outflow of -52,233,989.53, compared to a net inflow of 1,187,946,853.05 in the previous period, indicating a shift in financing strategy[96] Operational Developments - The company has made significant progress in the UTG project, now possessing the complete manufacturing process for flexible foldable glass covers[36] - The company is actively developing ultra-low reflection touch sensors, aiming for mass production to meet the high-end touchscreen market[36] - The company achieved all operational indicators as planned despite the adverse impacts of the COVID-19 pandemic[40] Financial Adjustments and Standards - The company has implemented new revenue and leasing standards starting from 2020, affecting the financial statements[101] - The report indicates the implementation of new revenue and leasing standards starting from 2020, with no retrospective adjustments made[114] Risks and Commitments - The company has not encountered any significant risks or difficulties affecting future operations during the reporting period[41] - The company has not reported any overdue commitments from major shareholders or related parties during the reporting period[41] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[52]

Financial Performance - The company's operating revenue for 2019 was ¥6,023,777,582.46, a decrease of 37.35% compared to ¥9,614,875,119.47 in 2018[28]. - Net profit attributable to shareholders for 2019 was ¥845,436,642.81, an increase of 18.74% from ¥712,021,433.45 in 2018[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥727,114,273.59, up 76.85% from ¥411,146,120.50 in 2018[28]. - The net cash flow from operating activities for 2019 was ¥1,482,730,757.72, a significant increase of 96.79% compared to ¥753,469,401.23 in 2018[28]. - Basic earnings per share for 2019 was ¥0.37, representing a growth of 19.35% from ¥0.31 in 2018[28]. - Total assets at the end of 2019 were ¥9,018,621,203.73, a decrease of 3.28% from ¥9,324,564,985.81 at the end of 2018[28]. - The net assets attributable to shareholders at the end of 2019 were ¥6,304,237,116.90, an increase of 29.81% from ¥4,856,675,033.94 at the end of 2018[28]. - The fourth quarter net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,226,181.17, significantly impacted by non-recurring items[31]. - Non-recurring gains for 2019 totaled ¥118,322,369.22, primarily due to compensation from Shenzhen BAK Battery Co., Ltd. for unmet performance commitments[34]. - The company reported a weighted average return on equity of 16.09% for 2019, up from 15.54% in 2018[28]. Risk Management - The company emphasizes the importance of managing accounts receivable, which has historically been high, and is implementing measures to reduce risks associated with it[6]. - The company is actively managing foreign exchange risks associated with its import and export business, primarily settled in USD, by matching foreign currency income and expenses[10]. - The company is focused on risk awareness regarding forward-looking statements and the potential differences between plans, forecasts, and commitments[5]. - The company is facing risks from potential declines in customer demand due to geopolitical tensions and the economic impact of the COVID-19 pandemic, prompting a focus on top-tier domestic and international clients[9]. - The company is managing goodwill impairment risks from acquisitions by implementing a group management model to enhance operational efficiency and monitor the performance of acquired subsidiaries[197]. - The company maintains a high focus on accounts receivable safety, implementing measures to reduce risks, including enhancing organizational structure and increasing collection efforts[195]. - The company faces risks from rapid technological updates in the display industry, necessitating close technical communication with downstream clients to maintain product competitiveness[195]. - The company is addressing potential declines in customer demand due to global de-globalization trends and the economic slowdown from COVID-19 by focusing on top domestic and international clients and accelerating new product introductions[196]. Technological Innovation - The company is focusing on technological innovation to enhance product competitiveness and meet market demands, particularly in the touch display industry[9]. - The company acknowledges the rapid pace of technological upgrades in the optoelectronic display industry and is adapting its manufacturing processes accordingly[9]. - Continuous investment in R&D for flexible OLED technology and related components, focusing on high-tech barriers and emerging ultra-thin glass business[54]. - The company holds 20 invention patents and 127 utility model patents, showcasing a robust technological foundation and commitment to innovation[55]. - The company is focusing on developing new technologies such as low-reflective touch sensors and high-precision automatic dispensing systems to enhance product quality and production efficiency[92][93]. - The company is actively integrating AR coating capabilities and vehicle-mounted cover processing capabilities to maintain technological leadership in automotive electronics[182]. - The company is focusing on the development of flexible OLED mobile display modules, leveraging its first-mover advantage and technical monopoly in the field[181]. - The company is committed to accelerating the construction of the UTG project to quickly release economic benefits and maintain coordination with suppliers for foldable phone cover materials[179]. Market Position and Strategy - The company established a leading position in consumer electronics, automotive electronics, and ultra-thin LCD panels, with a focus on high-end products[42]. - In the high-end LCD mobile phone touch display module sector, the company captured approximately 40% of domestic 5G mobile phone shipments in January, supplying major clients like Huawei and Xiaomi[42]. - The wearable display module business has become an industry leader, providing products for top clients such as Samsung and Fitbit[43]. - The company achieved a 119.07% increase in construction in progress, primarily due to investments in the smart wearable project funded by convertible bonds[48]. - The company maintained a high market share in ITO conductive glass, consistently ranking first in the industry for several years[45]. - The company focuses on high-end clients, ensuring stable and sustainable business relationships through rigorous supplier certification processes[51]. - The company maintains a strong market position by leveraging relationships with top-tier clients, enhancing product market share and penetration[53]. - The company is enhancing its competitive edge in the automotive sector by optimizing its organizational structure and improving management efficiency[70]. Investment and Financial Management - The company reported a significant increase in R&D expenses, totaling ¥209,050,031.62, which is a 113.99% increase year-on-year[87]. - The company's R&D investment in 2019 amounted to approximately ¥209 million, representing 3.47% of its operating revenue, a significant increase from 1.02% in 2018[98]. - The number of R&D personnel increased to 1,653 in 2019, accounting for 11.69% of the total workforce, up from 10.90% in 2018[98]. - The company plans to increase the production capacity of hard OLED wearable display modules to 3.6KK/month by mid-2020 to meet growing demand[65]. - The company has successfully entered the supply chain of a leading global smart electronics company, becoming the only certified supplier for its thinning business[66]. - The company aims to gradually put 10% of the new production capacity into operation by the second half of 2020 to meet customer demand[66]. - The company has established a comprehensive layout in the automotive display module sector, covering various products including vehicle sensors and touch modules[70]. - The company is collaborating with a global high-end electric vehicle manufacturer to provide central control screen modules for flagship models[70]. Operational Efficiency - The company is committed to talent development, enhancing employee benefits, and implementing stock incentive plans to foster growth and loyalty among key personnel[188]. - Internal management will be refined to ensure effective execution of policies and procedures, addressing the challenges of a rapidly evolving industry[189]. - The company is accelerating digital transformation to establish a smart factory, enhancing operational efficiency through data analysis and real-time decision-making[190]. - Continuous improvement in automation and equipment capabilities is prioritized to enhance production efficiency and quality[57]. - Cost reduction initiatives will be a key focus for 2020, targeting non-production expenses and improving operational efficiency through specialized management[187].

Financial Performance - Operating revenue for the reporting period was CNY 1,415,209,593.66, down 48.63% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was CNY 270,836,147.95, an increase of 11.02% year-on-year[9]. - Basic earnings per share for the reporting period was CNY 0.1178, up 11.03% compared to the same period last year[9]. - The company reported non-operating income of CNY 16,118,577.08 for the reporting period[11]. - Total operating revenue for the current period is ¥1,415,209,593.66, a decrease of 48.6% compared to ¥2,755,115,437.38 in the previous period[64]. - Net profit for the current period is ¥271,581,141.56, an increase of 9.1% from ¥248,970,186.31 in the previous period[67]. - The company’s total profit for the current period is ¥326,528,723.41, an increase of 6.8% from ¥306,293,597.40 in the previous period[67]. - The total comprehensive income for the period was ¥721,108,167.60, an increase from ¥617,207,788.23 in the previous period[87]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,062,795,203.20, a decrease of 2.81% compared to the end of the previous year[9]. - Total liabilities decreased from 4,422,334,410.82 to 3,475,691,092.66, a reduction of approximately 21.4%[50]. - Current liabilities decreased from 4,028,524,532.19 to 2,358,402,522.39, representing a decline of about 41.4%[50]. - Long-term borrowings decreased significantly from 294,423,437.24 to 40,687,500.00, a drop of approximately 86.2%[50]. - The total assets of the company stood at ¥9,324,564,985.81, with total liabilities amounting to ¥4,028,524,532.19, indicating a healthy asset-liability ratio[115]. - Total liabilities amounted to ¥4,422,334,410.82, with non-current liabilities totaling ¥393,809,878.63[121]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 1,147,431,605.95, a significant increase of 2,601.12%[9]. - Cash flow from operating activities decreased from ¥4,730,576,141.26 to ¥4,221,943,153.40, a decline of about 10.7%[97]. - Cash inflow from financing activities totaled ¥2,430,651,331.90, with cash outflow of ¥2,416,329,620.40, leading to a net cash flow from financing activities of ¥14,321,711.50, showing a stable financing environment[111]. - The company's cash and cash equivalents decreased by ¥350,551,647.60, ending the period with ¥381,774,289.88 compared to ¥732,325,937.48 at the beginning of the period[111]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,420[13]. - The top ten shareholders held a combined 43.95% of the company's shares, with the largest shareholder owning 11.74%[13]. - Total equity attributable to shareholders reached ¥4,856,675,033.94, while total equity was ¥4,902,230,574.99[121]. Research and Development - Research and development expenses increased by 97.47% year-on-year, reflecting the company's increased investment in R&D[26]. - The company is actively developing higher-generation products in collaboration with end customers, with ongoing progress in the research and trial production of flexible OLED modules[31]. - Research and development expenses increased to ¥134,271,095.14, up 97.5% from ¥67,995,328.08 in the previous period[81]. Financial Adjustments - The company's financial expenses decreased by 63.85% year-on-year, attributed to significant foreign exchange gains and increased interest income[26]. - The company’s financial adjustments due to new accounting standards were noted, impacting various financial statement items, which may affect future reporting[112].

Financial Performance - Total revenue for the first half of 2019 was CNY 3,229,215,658.43, a decrease of 26.19% compared to CNY 4,375,062,964.65 in the same period last year[25]. - Net profit attributable to shareholders was CNY 441,170,521.55, an increase of 21.15% from CNY 364,152,308.34 year-on-year[25]. - Net profit after deducting non-recurring gains and losses was CNY 429,781,703.81, up 25.75% from CNY 341,768,405.16 in the previous year[25]. - Basic earnings per share increased to CNY 0.1919, up 21.15% from CNY 0.1584[25]. - Diluted earnings per share rose to CNY 0.1859, reflecting a 17.36% increase from CNY 0.1584[25]. - The weighted average return on net assets was 8.55%, slightly up from 8.26% in the previous year[25]. - The company achieved a revenue of 322,921.57 million CNY in the first half of 2019, a year-on-year decrease of 26.19%, while net profit attributable to shareholders increased by 21.15% to 44,117.05 million CNY[59]. Cash Flow and Assets - Net cash flow from operating activities was CNY 877,119,138.94, a significant increase of 1,618.83% compared to a negative cash flow of CNY -57,749,831.98 last year[25]. - Total assets at the end of the reporting period were CNY 8,862,782,298.45, a decrease of 4.95% from CNY 9,324,564,985.81 at the end of the previous year[25]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,058,911,356.26, representing 11.95% of total assets, a decrease of 5.61% compared to the previous year[75]. - Accounts receivable decreased to ¥1,082,448,196.24, accounting for 12.21% of total assets, down 4.26% year-on-year due to improved management and a shift in business model[75]. - Inventory decreased to ¥373,979,893.94, making up 4.22% of total assets, a reduction of 2.49% attributed to changes in the business model[75]. - Fixed assets increased to ¥3,038,085,823.63, representing 34.28% of total assets, an increase of 2.95% due to the completion of construction projects[75]. Investments and R&D - R&D investment increased significantly by 224.05% to ¥121,323,326.93, aimed at maintaining core competitiveness in the industry[71]. - The company has developed a flexible touch sensor capable of 200,000 folds, which has passed certification from major domestic and international clients and is about to enter mass production[54]. - The company is actively expanding its OLED wearable display module production lines, with the first line already completed and others in progress[38]. - The company is focused on continuous innovation and R&D, with ongoing projects in automotive touch display technology and non-contact LCD thickness measurement[54]. Market Position and Strategy - The company maintains a leading position in the automotive electronics and consumer electronics sectors, particularly in the touch display market[36]. - The company is actively expanding its product offerings in the 5G mobile display module sector, launching a series of products for well-known global mobile clients[49]. - The company has established a strong market position by collaborating with high-end clients across multiple business segments, enhancing customer loyalty[48]. - The wearable module production capacity is set to increase from 1.2KK/month to 2.5KK/month by the end of the year, responding to the rapid growth in global wearable market demand[60]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The annual shareholders' meeting had a participation rate of 24.77% on May 16, 2019[111]. - The company has commitments from major shareholders regarding shareholding stability, including a 36-month lock-up period for certain shares[112]. - The company has committed to not reduce its shareholding in the company without prior written consent from major stakeholders[125]. - The company has successfully fulfilled its previous commitments regarding share repurchase and cancellation[124]. Environmental and Social Responsibility - The company has invested over 2 million in clean production modifications and successfully passed the clean production acceptance[170]. - The company has established an effective environmental risk management system and continuously enhances environmental supervision and management[166]. - The company’s online monitoring system for pollutants is connected to the municipal platform, ensuring real-time data monitoring[168]. - The company has implemented a precise poverty alleviation plan, although specific metrics and outcomes were not detailed in the report[171]. Risks and Challenges - The company faces risks from rapid industry technology updates and aims to maintain close technical communication with downstream customers[106]. - The company is addressing the risks associated with group integration management to enhance operational efficiency and resource allocation[107]. - The company is actively managing foreign exchange risks due to its import and export business primarily settled in USD[108].

芜湖长信科技股份有限公司 2019 年第一季度报告全文 芜湖长信科技股份有限公司 2019 年第一季度报告 2019 年 04 月 1 芜湖长信科技股份有限公司 2019 年第一季度报告全文 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。 公司负责人高前文、主管会计工作负责人秦青华及会计机构负责人(会计主 管人员)秦青华声明：保证季度报告中财务报表的真实、准确、完整。 2 芜湖长信科技股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 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 ...

Financial Performance - The company's operating revenue for 2018 was ¥9,614,875,119.47, a decrease of 11.66% compared to ¥10,884,372,419.09 in 2017[19]. - Net profit attributable to shareholders for 2018 was ¥712,021,433.45, an increase of 30.79% from ¥544,401,919.13 in 2017[19]. - The net profit after deducting non-recurring gains and losses was ¥411,146,120.50, down 19.34% from ¥509,739,028.79 in the previous year[19]. - The net cash flow from operating activities increased by 26.84% to ¥753,469,401.23 from ¥594,008,776.63 in 2017[19]. - Basic earnings per share for 2018 was ¥0.31, up 29.17% from ¥0.24 in 2017[19]. - Total assets at the end of 2018 reached ¥9,324,564,985.81, a 24.52% increase from ¥7,488,351,129.09 in 2017[19]. - The company's net assets attributable to shareholders increased by 11.41% to ¥4,856,675,033.94 from ¥4,359,175,404.72 in 2017[19]. - The company's total revenue for the reporting period was approximately ¥9.61 billion, a decrease of 11.66% compared to ¥10.88 billion in the previous year[57]. - The total operating costs for 2018 amounted to ¥8.17 billion, reflecting a reduction of 16.65% from ¥9.80 billion in 2017[61]. - The company reported a total investment income of ¥24,197,339.32, accounting for 2.78% of total profit, primarily from long-term equity investment income[79]. Cash Flow and Dividends - The company reported a profit distribution plan, proposing a cash dividend of 1.30 RMB per 10 shares based on a total of 2,298,879,814 shares[8]. - The cash dividend for 2018 represents 41.97% of the net profit attributable to the company's ordinary shareholders[148]. - The company's total distributable profit for the year was 2,059,026,214.25 RMB, ensuring sufficient funds for the dividend distribution[142]. - The company has a history of consistent cash dividend payments over the past three years, with increasing amounts each year[144]. - The company has not proposed any changes to its cash dividend policy during the reporting period[148]. Technological Innovation and R&D - The company is focusing on technological innovation to enhance product competitiveness and meet market demands, particularly in the touch display industry[5]. - The company has 19 authorized invention patents and 99 utility model patents, showcasing its strong technical reserves and innovation capabilities[35]. - The company plans to focus on developing flexible TP sensors and vehicle-mounted touch displays, further consolidating its technological advantages[36]. - Research and development expenses increased by 36.37% to ¥97.69 million in 2018, up from ¥71.64 million in 2017, due to increased product variety and R&D investment[67]. - The company has implemented several R&D projects, including improvements in ITO surface roughness and the development of dual-sided multilayer optical film coating technology[68]. - The company has also developed flexible touch sensors using transparent PI materials, addressing the limitations of conventional glass-based sensors[69]. - The company is committed to the research and development of new technologies, including electromagnetic wave shielding materials and solar battery materials[105]. Market Position and Strategy - The company is a leader in the ITO conductive glass market, maintaining the largest production scale and profitability in the industry, with a focus on high-end applications such as automotive and medical devices[108]. - The automotive electronics segment is projected to grow significantly, with global sales expected to approach $300 billion in 2018, reflecting a compound annual growth rate of approximately 7%[112]. - The company is actively expanding its automotive electronics business, restructuring its organizational framework to enhance its competitive edge in the market[110]. - The company is strategically focusing on automotive electronics, leveraging its experience in touch display technology to penetrate the automotive supply chain, particularly in the in-car touch screen sector[113]. - The company is exploring opportunities for market expansion and potential mergers and acquisitions to strengthen its competitive position[104]. Risk Management - The company emphasizes the importance of managing accounts receivable, which has historically been high, and is implementing measures to mitigate risks associated with it[4]. - The company is actively analyzing foreign exchange risks due to its import and export business primarily settled in USD, and is implementing strategies to mitigate these risks[7]. - The company acknowledges the risk of goodwill impairment from acquisitions and is employing a group management model to ensure the stability and health of acquired companies[7]. - The company aims to match foreign currency income with expenses to minimize foreign exchange risk through various hedging tools[136]. - The company maintains a high level of vigilance regarding accounts receivable risks, implementing measures to ensure safety and integrity[133]. Operational Efficiency - The company is adopting a group integration management approach to improve operational efficiency and resource allocation across subsidiaries[6]. - The company is focusing on cost reduction initiatives to enhance overall economic efficiency and promote a culture of diligence and progress[6]. - The company continues to enhance its internal control system and execution efficiency through integrated management and supply chain strategies[34]. - The company is focusing on restructuring its automotive-related business to provide more efficient and competitive solutions[51]. - The company aims to reduce costs and improve efficiency across all operational aspects, focusing on production management, technical management, and supply chain management[128]. Environmental and Social Responsibility - The company has invested over 2 million in clean production transformation and successfully passed the clean production acceptance[196]. - The total discharge of chemical oxygen demand (COD) is 84.683 tons/year, with no exceedance of discharge standards[193]. - The company has established an effective environmental risk management system and has not experienced any environmental violations or accidents in 2018[194]. - The company has actively engaged in social responsibility initiatives, including poverty alleviation and environmental protection[192]. Employee Engagement and Development - The company emphasizes talent development to build a strong management and technical team, implementing employee incentive plans to enhance engagement[129]. - The company has established a comprehensive performance evaluation system[193]. - The company has implemented a second employee stock ownership plan, purchasing 29,393,100 shares, accounting for approximately 1.2786% of the total share capital[165].

Financial Performance - Operating revenue for the reporting period was ¥2,755,115,437.38, representing a year-on-year increase of 31.91%[7] - Net profit attributable to shareholders was ¥243,946,576.05, up 54.52% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥240,318,846.34, an increase of 58.74% compared to the same period last year[7] - Basic earnings per share for the reporting period was ¥0.1061, reflecting a growth of 54.44% year-on-year[7] - The weighted average return on net assets was 5.29%, an increase of 1.51% compared to the previous year[7] - Total operating revenue for the current period reached ¥2,755,115,437.38, an increase of 32% compared to ¥2,088,559,281.32 in the previous period[40] - Net profit for the current period was ¥248,970,186.31, representing a 58% increase from ¥157,115,735.59 in the same period last year[42] - Basic and diluted earnings per share for the current period were both ¥0.1061, compared to ¥0.0687 in the previous period, reflecting a 54% increase[43] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,975,189,129, an increase of 19.86% compared to the previous year[7] - Current assets increased to ¥3,835,965,737.54 from ¥2,805,796,736.69, representing a growth of approximately 36.7%[33] - Total liabilities rose to ¥4,180,102,249.92 from ¥3,093,837,083.22, indicating an increase of approximately 35.1%[35] - Non-current assets totaled ¥5,139,223,391.46, compared to ¥4,682,554,392.40, reflecting a growth of about 9.8%[34] - The total equity attributable to shareholders rose to ¥4,735,972,950.95 from ¥4,359,175,404.72, indicating an increase of around 8.6%[35] Cash Flow - The net cash flow from operating activities was negative at -¥45,876,639.55, a decline of 107.46% compared to the previous year[7] - Cash and cash equivalents at the end of the period increased by 79.99% compared to the beginning of the year, mainly due to increases in guarantee deposits and bank acceptance bill guarantees[15] - The cash inflow from operating activities totaled CNY 5,006,133,004.33, compared to CNY 3,010,603,486.51 in the previous year, showing a growth of 66%[55] - The net cash flow from operating activities was 141,274,170.17 CNY, a decrease of 42.7% compared to the previous period's 246,883,889.36 CNY[60] - The total cash and cash equivalents at the end of the period reached 627,209,876.86 CNY, up from 326,420,819.70 CNY in the previous period[61] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,282[11] - The largest shareholder, Xinjiang Runfeng Equity Investment Enterprise, held 18.97% of the shares, amounting to 436,020,000 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Research and Development - R&D expenses increased by 40.06% year-on-year, reflecting the company's commitment to maintaining industry leadership and enhancing core competitiveness[16] - Research and development expenses increased to ¥26,122,045.51, a rise of 41% compared to ¥18,545,318.65 in the previous period[40] - Research and development expenses increased to CNY 45,242,852.60, up from CNY 36,472,176.29, reflecting a commitment to innovation[53] Strategic Investments - The company plans to optimize its capital structure through a strategic investment from state-owned enterprises, which may lead to a change in actual control[19] - The strategic investment is expected to enhance the company's competitive strength in the touch display field and improve profitability and risk resistance[20] - The company has received approval from the Anhui Provincial State-owned Assets Supervision and Administration Commission for the share transfer agreement[20] Tax and Financial Expenses - Tax payable at the end of the period increased by 124.79%, mainly due to increased corporate income tax and value-added tax[15] - Tax expenses for the current period were ¥57,323,411.09, compared to ¥23,257,498.91 in the previous period, indicating a substantial increase[42] - The company incurred financial expenses of ¥47,812,764.90, which is a 124% increase from ¥21,305,167.63 in the previous period[40] Inventory and Borrowings - Inventory at the end of the period increased by 35.23% compared to the beginning of the year, primarily due to increased orders from customers at the subsidiary Dongguan Depute[15] - Short-term borrowings at the end of the period increased by 53.58% compared to the beginning of the year, driven by increased production and sales scale[15] - Long-term borrowings at the end of the period increased by 89.41%, attributed to the expansion of business scale at the subsidiary Dongguan Depute[16]

Financial Performance - Total revenue for the first half of 2018 was CNY 4,375,062,964.65, a decrease of 34.47% compared to CNY 6,676,773,440.24 in the same period last year[18]. - Net profit attributable to shareholders increased by 21.55% to CNY 364,152,308.34, up from CNY 299,583,051.35 in the previous year[18]. - Net profit after deducting non-recurring gains and losses rose by 24.26% to CNY 341,768,405.16, compared to CNY 275,036,821.35 last year[18]. - Basic earnings per share increased by 21.57% to CNY 0.1584, compared to CNY 0.1303 in the same period last year[18]. - Operating profit reached ¥438,969,400, representing a year-on-year increase of 20.39%, while net profit attributable to shareholders was ¥364,152,300, up 21.55% year-on-year[35]. - The company reported a net profit of RMB 5,296.51 million for the half-year period, with a commitment to maintain performance levels[79]. - The company reported a total comprehensive income of 253,100.36 yuan during the period, reflecting a significant increase in profitability[164]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,066,663,874.84, representing a 21.08% increase from CNY 7,488,351,129.09 at the end of the previous year[18]. - The company's total assets increased to CNY 6,220,907,318.15 from CNY 5,362,650,144.57, marking a growth of about 16%[139]. - The company's current assets reached RMB 4,075,152,823.63, up from RMB 2,805,796,736.69, indicating a growth of about 45.3%[134]. - Short-term borrowings rose to RMB 2,523,702,305.23 from RMB 1,516,568,903.60, marking an increase of around 66.3%[134]. - The total liabilities of the company as of June 30, 2018, were not explicitly stated but can be inferred to have increased in line with the growth in assets and borrowings[134]. Cash Flow - The net cash flow from operating activities was negative at CNY -57,749,831.98, a decline of 146.28% from CNY 124,774,920.52 in the same period last year[18]. - Cash flow from operating activities showed a significant decline of 146.28%, resulting in a net cash outflow of CNY -57,749,831.98[43]. - The company reported a net cash flow from financing activities of 948,364,235.11 yuan, a substantial increase from 272,130,839.87 yuan in the previous period, highlighting effective capital raising efforts[152]. - The cash balance at the end of the period was 1,088,815,681.98 yuan, up from 669,891,743.53 yuan at the end of the previous period, reflecting a stronger cash position[156]. Investment and R&D - Research and development investment increased by 32.95% to CNY 37,440,013.44, aimed at maintaining competitive advantages[43]. - The company is actively developing flexible OLED and 5G-related technologies, including a flexible TP sensor and high-end thinning projects for OLED displays[30]. - New product development efforts have led to the introduction of innovative technologies, contributing to a 20% increase in R&D investment compared to 2017[100]. Market Strategy and Operations - The company is focusing on the OLED display industry and 5G technology, aiming to enhance its high-end manufacturing supply chain and serve "unicorn" clients in the touch display sector[24]. - The company is actively expanding its automotive display business, leveraging 5G technology to enhance smart vehicle capabilities and has established a strict quality system for the automotive sector[38]. - The company is preparing to enter the international high-end mobile market with its self-developed 5G mobile phone back cover coating products, which are currently in high demand[38]. - The company plans to launch two new products in Q3 2018, expected to drive additional revenue growth of 8%[100]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - All directors attended the board meeting to review the report, ensuring the accuracy and completeness of the financial statements[3]. - The second phase of the employee stock ownership plan has accumulated a total of 29,393,100 shares purchased, representing approximately 1.2786% of the total share capital, with a total transaction amount of RMB 194,997,090.71 and an average transaction price of RMB 6.63 per share[88]. Risk Management - The company has identified risks related to accounts receivable, maintaining a high level of vigilance and implementing measures to improve collection and reduce risk exposure[71]. - The company is facing risks from fluctuations in foreign exchange rates and is employing strategies such as matching foreign currency income and expenses to mitigate these risks[73]. - The company has strengthened internal management of subsidiaries to address potential goodwill impairment risks from acquisitions[73]. Environmental and Social Responsibility - The company has established an effective environmental risk management system and has not experienced any environmental violations or accidents[105]. - The company emphasizes the importance of clean production and has successfully passed the clean production acceptance by the Wuhu Environmental Protection Bureau[106]. Miscellaneous - The company has not undergone any bankruptcy restructuring or significant litigation during the reporting period[84][85]. - The financial report was approved by the board of directors on August 2, 2018, indicating timely financial disclosures[172]. - The company has not reported any overdue loans or expected losses on entrusted financial management[61].

Revenue and Profitability - Total revenue for Q1 2018 was ¥1,728,970,641.48, a decrease of 46.92% compared to ¥3,257,084,325.79 in the same period last year[7] - Net profit attributable to shareholders was ¥141,770,542.38, an increase of 34.92% from ¥105,077,462.68 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥134,404,573.91, up 30.84% from ¥102,724,590.46 in the previous year[7] - Operating profit for the period was RMB 166.90 million, an increase of 30.36% year-on-year[23] - Net profit attributable to the parent company was RMB 141.77 million, up 34.92% compared to the previous year[23] - Net profit for the current period reached ¥142,987,138.79, an increase of 30.1% from ¥109,959,199.43 in the previous period[56] - The company reported an investment income of ¥6,675,186.97, significantly higher than ¥825,155.04 from the previous period[56] Cash Flow and Liquidity - Operating cash flow for the period was ¥261,920,623.49, reflecting a 31.60% increase from ¥199,029,351.08 in the same period last year[7] - Cash and cash equivalents at the end of the period increased by 135.80% compared to the beginning of the year, mainly due to increased sales collections[20] - Cash and cash equivalents rose significantly from CNY 643,160,903.50 to CNY 1,516,549,628.28, marking an increase of about 135.9%[47] - The total cash inflow from operating activities was CNY 1,763,407,600.01, compared to CNY 1,121,253,063.79 in the same period last year, indicating strong operational performance[63] - The total cash and cash equivalents at the end of Q1 2018 amounted to ¥771,484,100.86, up from ¥319,566,802.58 at the end of Q1 2017, reflecting a net increase of ¥459,706,499.23[68] - The increase in cash and cash equivalents suggests a strong liquidity position, which could support future investments and operational needs[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,509,867,037.75, a 13.64% increase from ¥7,488,351,129.09 at the end of the previous year[7] - Total current assets increased from CNY 2,805,796,736.69 at the beginning of the period to CNY 3,788,877,288.49 at the end of the period, representing a growth of approximately 35.0%[47] - Total liabilities increased from CNY 3,093,837,083.22 to CNY 3,972,908,118.19, reflecting a rise of approximately 28.4%[49] - The company's inventory increased from CNY 567,220,574.60 to CNY 629,211,108.45, representing a growth of approximately 10.9%[47] - Short-term borrowings increased by 55.69% compared to the beginning of the year, reflecting expanded financing due to increased production and sales[20] Investment and Capital Expenditure - The total amount of raised funds is CNY 117,994.44 million, with CNY 3,078.29 million invested in the current quarter[36] - The investment progress for the large-size thin-film touch display integration project is 101.29%, with CNY 29,420 million invested against a commitment of CNY 79,420 million[37] - The investment progress for the small-size touch display integration project is 85.94%, with CNY 2,790.84 million invested against a commitment of CNY 41,365.48 million[37] - The company plans to increase investment in full-screen production capacity based on market conditions[30] Operational Strategy and Market Focus - The company is focusing on enhancing its customer structure to reduce accounts receivable risks and improve cash flow management[9] - The company plans to accelerate the development of automotive display markets and enhance its product offerings in high-end consumer electronics[10] - The company is focusing on increasing production capacity for full-screen products in response to sufficient customer orders, with some orders extending to mid-year[24] - The company aims to enhance its layout in OLED display modules through strong partnerships with international clients, maintaining its market leadership[29] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1 per 10 shares, totaling CNY 229,887,981.40 (including tax)[39] - The company has committed to a profit distribution plan for the fiscal year 2017, pending shareholder approval[39] Challenges and Market Conditions - The company reported a significant decline in revenue due to weak demand in the consumer electronics market, with a notable drop in earnings compared to the same period last year[29] - The company's top five customers' sales revenue fell to ¥1,243,911,619.00 from ¥2,888,976,541.71, decreasing their contribution to total sales from 88.70% to 75.69%[28] - The company incurred sales expenses of CNY 8,856,165.66, which is an increase of 52.0% from CNY 5,825,884.35 in the previous year[59] Miscellaneous - The company launched and completed the second phase of the employee stock ownership plan, enhancing employee cohesion and creativity[24] - The company did not undergo an audit for the Q1 2018 report, which may affect the perception of financial reliability[69] - The company's chairman, Chen Qi, presented the report on April 23, 2018, indicating ongoing leadership engagement in financial disclosures[70]

Profit Distribution - The company reported a profit distribution plan, proposing a cash dividend of 1.00 CNY per 10 shares, based on a total of 2,298,879,814 shares[4]. - The company distributed a cash dividend of RMB 0.50 per share, totaling RMB 229,887,981.40, which represents 42.23% of the net profit attributable to shareholders in 2017[124][130]. - The total distributable profit for the year was RMB 1,633,958,479.99, with cash dividends accounting for 100% of the profit distribution[125]. - The company’s profit distribution plan for 2017 is to distribute RMB 1.00 per share, pending approval at the annual general meeting[127]. - The company has maintained a consistent cash dividend policy over the past three years, with the cash dividend amount increasing each year[130]. - The cash dividend for 2016 was RMB 57,471,995.35, which was 14.98% of the net profit attributable to shareholders[130]. - The cash dividend for 2015 was RMB 115,401,352.81, which was 48.55% of the net profit attributable to shareholders[130]. Financial Performance - The company’s total net profit attributable to shareholders in 2017 was RMB 544,401,919.13[130]. - The company's operating revenue for 2017 was CNY 10,884,372,419, representing a 27.43% increase compared to CNY 8,541,662,085 in 2016[16]. - Net profit attributable to shareholders was CNY 544,401,919.13, up 41.93% from CNY 383,571,875.68 in 2016[16]. - The basic earnings per share for 2017 were CNY 0.24, a 41.18% increase from CNY 0.17 in 2016[16]. - The net cash flow from operating activities increased by 128.27% to CNY 594,008,776.63 from CNY 260,222,729.93 in 2016[16]. - The total assets at the end of 2017 were CNY 7,488,351,129, a 2.00% increase from CNY 7,341,208,603 at the end of 2016[16]. - The net assets attributable to shareholders increased by 13.03% to CNY 4,359,175,404 from CNY 3,856,822,333 in 2016[16]. Corporate Governance - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report, highlighting potential discrepancies between plans, forecasts, and commitments[4]. - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management, ensuring accountability for any misrepresentation[3]. - All board members attended the meeting to review the annual report, indicating strong governance and oversight[4]. - The company has appointed Chen Weida as the board secretary, ensuring effective communication with stakeholders[13]. - The company’s annual report is disclosed through designated media, including the Securities Times and China Securities Journal, ensuring transparency[14]. - The company has retained Huapu Tianjian Accounting Firm for 12 consecutive years for auditing services[134]. Market Position and Strategy - The company maintained its leading position in the ITO conductive glass sector, with continuous growth in production and sales scale[26]. - The company successfully transformed its touch sensor business to focus on automotive and industrial control applications, achieving high brand coverage among terminal automotive enterprises[26]. - The company has strengthened its core competitiveness through continuous R&D of new products and technologies, maintaining a leading position in the integrated touch display industry[30]. - The company plans to enhance its position in the automotive electronics sector through the acquisition of Taiwan Cheng-Ching, which will help solidify its supply chain in high-end touch display products[31]. - The company is actively expanding its production capacity to meet the growing demand from high-end domestic and international clients[88]. - The automotive touch display segment is positioned to benefit from the explosive growth in vehicle display technology, with a strong focus on core components for electric vehicles[85]. Research and Development - Research and development expenses for 2017 totaled approximately ¥71.64 million, which is 0.66% of the operating revenue[53]. - The number of R&D personnel increased to 1,562 in 2017, representing 11.56% of the total workforce[53]. - The company has implemented multiple R&D projects, including the development of large-size touch integrated modules for vehicles and optimized touch modules for medical devices[49]. - The company is focused on OLED display technology development and is leveraging partnerships with international clients to maintain market leadership[113]. - In 2018, the company plans to increase R&D investment intensity to maintain technological leadership, focusing on projects like OGM metal mesh sensor development and flexible TP sensor projects[108]. Investment and Capital Management - The company completed a capital reserve conversion to increase share capital, issuing 1,149,439,907 additional shares, resulting in a total share capital of 2,298,879,814 shares[123]. - The company raised a total of 1.18 billion yuan through non-public offerings, with 253.88 million yuan utilized by the end of the reporting period[71]. - The company has invested a total of 121.11 million yuan in two projects: 88.17 million yuan in the large-sized touch display integration project and 32.94 million yuan in the small-sized touch display integration project[74]. - The company has not made any changes to the use of raised funds during the reporting period[71]. - The company is committed to ensuring the feasibility of its investment projects and has not encountered significant changes in project viability[73]. Risk Management - The company addresses risks related to accounts receivable by improving collection efforts and increasing the proportion of high-quality customers[114]. - The company is actively managing its guarantee portfolio, with a focus on ensuring compliance with shareholder approvals[150]. - The reporting period shows a significant reliance on external guarantees, which may impact the company's financial stability[150]. Shareholder Information - The total number of shareholders at the end of the reporting period was 880,809, an increase from 87,577 at the end of the previous month[175]. - The total number of unrestricted shares increased to 1,163,320,660 shares, accounting for 98.30% of the total share capital[172]. - The company’s major shareholder, Xinjiang Runfeng Equity Investment Enterprise, holds 18.97% of the shares, totaling 436,020,000 shares, with 369,750,000 shares pledged[175]. - The total number of shares held by the company's directors and senior management at the end of the reporting period was 67,348,370 shares, with a net increase of 705,000 shares during the period[185]. Leadership and Management - The company experienced a change in leadership with several key executives, including Vice Chairman Lian Jian and President Chen Xilin, leaving their positions on December 8, 2017[186]. - The company has a strong leadership team with extensive experience in technology and management, including multiple award-winning professionals[190][191][195]. - The leadership team includes professionals with advanced degrees and significant industry experience, enhancing the company's strategic direction[190][195].