Financial Performance - Total revenue for the first quarter reached ¥758,693,180.33, representing a 162.97% increase compared to ¥288,509,658.05 in the same period last year[7] - Net profit attributable to shareholders decreased by 10.71% to ¥42,367,208.50 from ¥47,450,583.22 year-on-year[7] - Basic earnings per share decreased by 22.22% to ¥0.07 from ¥0.09 in the same period last year[7] - Operating revenue for the period increased by 162.97% year-on-year, reaching 75,869,000 CNY, driven by expanded production and sales scale, as well as the consolidation of Ganzhou Depu Technology into the financial statements[16] - Operating costs increased by 222.61% year-on-year, mainly due to significant rises in raw material and labor costs[16] - The company reported a gross profit margin of approximately 8.1% for Q1 2015, down from 16.5% in the previous year[41] - The net profit for the current period is CNY 24,581,342.88, down from CNY 43,032,817.73 in the previous period, representing a decline of approximately 42.9%[45] - The total comprehensive income attributable to the parent company for the current period is CNY 42,969,785.50, down from CNY 47,465,557.05 in the previous period[46] Cash Flow and Liquidity - Net cash flow from operating activities improved significantly to ¥64,110,163.81, a 462.67% increase from -¥17,677,367.26 in the previous year[7] - The company's cash and cash equivalents at the end of the period increased by 492.38% compared to the beginning of the year, primarily due to funds raised from a non-public offering of shares[15] - The net cash flow from operating activities per share increased by 422.97% year-on-year, indicating a substantial increase in sales collections[19] - The company's cash and cash equivalents increased significantly to ¥1,448,010,018.31 from ¥244,439,798.18, representing a growth of approximately 493.5%[32] - The total cash inflow from financing activities reached $1,593,587,820.46, a substantial increase from $333,401,716.96 in the prior period[53] - The net cash flow from financing activities was $1,170,463,269.48, compared to $232,546,344.53 previously, marking a growth of approximately 404.5%[53] - Cash received from tax refunds was $4,344,751.22, up from $1,654,193.18, showing improved tax recovery efforts[52] Assets and Liabilities - Total assets increased by 31.65% to ¥4,639,807,470.76 from ¥3,524,325,047.54 at the end of the previous year[7] - Short-term borrowings increased by 76.21% compared to the beginning of the year, reflecting the company's expanded operational scale and increased funding needs[15] - Total liabilities decreased to ¥797.47 million from ¥906.29 million, a reduction of 12%[38] - Accounts receivable decreased to ¥497,159,287.38 from ¥613,515,016.90, showing a decline of about 19.0%[32] - Inventory increased to ¥387,185,682.49 from ¥345,781,903.52, which is an increase of approximately 11.9%[32] Strategic Initiatives - The company is focusing on reducing procurement costs and controlling non-production expenses to enhance product competitiveness[10] - The subsidiary, Depute Technology, faces challenges in meeting its two-year profit commitment, but is committed to achieving its targets[10] - Depute Electronics had a strong start in the first quarter with sufficient orders and aims to strengthen partnerships with global electronics giants[10] - The company is actively developing new technologies and improving processes to provide cost-effective products during the capacity ramp-up period[10] - The company plans to enhance its market competitiveness by developing integrated touch display modules for automotive, medical instruments, industrial control, and smart home applications[20] - The company is actively expanding its production capabilities, with ongoing projects for ON-CELL and ultra-thin sensors progressing as planned[21] - The company expects continued significant growth in sales revenue in the upcoming quarters as various business segments enter peak seasons[20] Shareholder and Regulatory Matters - The company received approval from the China Securities Regulatory Commission for a non-public offering of up to 100 million new shares[27] - The company has committed to not transferring or entrusting its shares for a period of 36 months following the stock listing[24] - The company plans to continue its stock incentive commitments, ensuring alignment with shareholder interests[24] - The company has reported that it will not provide funds to controlling shareholders or related parties in violation of regulations[29] - There were no cash dividend distributions during the reporting period[28]

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching CNY 1.2 billion in 2014[18]. - Net profit for the year was CNY 200 million, representing a growth of 10% compared to the previous year[18]. - The company's operating revenue for 2014 was CNY 1,643,380,578.73, representing a 49.76% increase compared to CNY 1,097,352,513.54 in 2013[19]. - Operating profit decreased by 44.87% to CNY 165,428,455.11 in 2014 from CNY 300,083,068.90 in 2013[19]. - The net profit attributable to shareholders was CNY 165,692,295.85, down 37.13% from CNY 263,529,876.06 in the previous year[19]. - The company reported a significant decline in net cash flow from operating activities, which fell by 72.00% to CNY 33,820,195.70 in 2014[19]. - The total assets increased by 56.16% to CNY 3,524,325,047.54 at the end of 2014, compared to CNY 2,256,818,491.49 at the end of 2013[19]. - The total liabilities surged by 126.05% to CNY 1,351,556,625.44 in 2014, up from CNY 597,897,033.04 in 2013[19]. - The company achieved total operating revenue of CNY 1,643.38 million in 2014, representing a year-on-year growth of 49.76%[30]. - Operating profit decreased to CNY 165.43 million, down 44.87% compared to the previous year, primarily due to intense market competition and increased operational costs[30]. - Net profit attributable to shareholders was CNY 165.69 million, a decline of 37.13% year-on-year, influenced by lower product prices and significant expenses related to market expansion[30]. Research and Development - The company has allocated CNY 50 million for R&D in advanced display technologies for 2015[18]. - Research and development investment increased by 39.35% to CNY 48.50 million, accounting for 2.95% of total operating revenue, reflecting the company's commitment to innovation[31]. - The R&D expenditure in 2014 increased by 39.5% compared to 2013, which was ¥34,807,307.24[41]. - The company has focused on expanding its market presence through innovative product development and patent applications[39]. - The R&D investment in 2014 was the highest in the last three years, indicating a strategic focus on innovation[41]. - The company has developed new products such as a flexible capacitive touch screen and a fingerprint recognition touch screen[40]. - The company is actively pursuing new strategies for market expansion and technological advancement through its patent portfolio[39]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2016[18]. - The company is focusing on expanding its product offerings in the smart automotive and smart home markets, leveraging the Internet+ trend[26]. - The company is exploring partnerships with international firms to enhance its technological capabilities and market reach[18]. - The company aims for a revenue target of CNY 1.5 billion for 2015, reflecting a growth forecast of 25%[18]. - The company is focusing on the automotive touch display market, with plans to enter international markets in the second half of 2015[61]. - A strategic acquisition of a local competitor was completed in May 2014, enhancing the company's production capacity by 40%[18]. - A strategic acquisition of a local competitor is under consideration, which could potentially increase market share by 15%[145]. Financial Management and Governance - The company has established a comprehensive insider information management system to prevent insider trading and ensure compliance with regulations[71]. - The company conducted multiple investor meetings to discuss operational performance and developments in touch screen technology[74]. - The company’s governance structure complies with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[156]. - The total remuneration paid to the board of directors, supervisors, and senior management for 2014 was 5.7084 million yuan[148]. - The company has established a fair and effective performance evaluation and incentive mechanism for senior management, combining basic salary with annual performance assessment[159]. - The company has implemented a responsibility system for major errors in annual report disclosures to enhance transparency and accountability[165]. Shareholder and Equity Information - The company’s total share capital as of the reporting date was 577,007,099 shares[65]. - The company announced a cash dividend of 1.00 RMB per 10 shares, totaling 57,700,710.00 RMB for the reporting period, which represents 100% of the distributable profit[65]. - The cash dividend payout ratio for 2014 was 34.82% of the net profit attributable to shareholders[70]. - The company has maintained a consistent dividend policy over the past three years, with cash dividends of 48,945,000.00 RMB in both 2012 and 2013[70]. - The company completed a share buyback plan, with actual purchases totaling 4,036,524 shares by Chen Qi, 3,004,511 shares by Gao Qianwen, and 3,000,075 shares by Chen Xilin, all completed by December 9, 2014[107]. - The company’s shareholders have implemented a share increase plan, with significant participation from major shareholders[107]. Operational Challenges and Risks - The company faces risks related to market competition, particularly in the conductive glass and touch glass sectors, which may impact profit margins[24]. - The company has implemented measures to manage accounts receivable risks, maintaining vigilance against potential bad debts due to economic pressures[26]. - The company reported a significant increase in operating cash flow, which decreased by 72.00% due to higher raw material procurement and employee compensation expenses[31]. Employee and Management Information - The company had a total of 7,682 employees as of December 31, 2014, with 76.18% being production personnel[153]. - The chairman, Chen Qi, received a total remuneration of 1.0738 million yuan, while the president, Chen Xilin, received 0.9772 million yuan[149]. - The financial director, Gao Qianwen, holds 3,029,511 shares, indicating a strong alignment of interests between management and shareholders[136]. Legal and Compliance - The company reported no major litigation or arbitration matters during the reporting period[76]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[77]. - The company has not faced any administrative penalties or been listed as a severely polluting enterprise during the reporting period[107].

Financial Performance - Total revenue for the reporting period reached CNY 428,214,555.68, a growth of 45.40% year-on-year[6] - Net profit attributable to shareholders was CNY 52,925,646.38, up 15.15% compared to the same period last year[6] - Basic earnings per share increased by 11.11% to CNY 0.10[6] - Operating profit for the period was 176.72 million RMB, a decrease of 16.79% year-on-year[23] - Net profit attributable to the parent company was 167.95 million RMB, down 7.72% from the previous year[23] - Total revenue for the third quarter reached ¥428,214,555.68, an increase of 45.3% compared to ¥294,502,856.88 in the previous period[43] - Net profit for the quarter was ¥52,929,224.04, representing a 15.5% increase from ¥45,961,850.74 in the same quarter last year[44] - Total operating revenue for the current period reached ¥1,100,317,174.85, a 37% increase from ¥803,827,474.02 in the previous period[48] - Net profit for the current period was ¥167,954,641.45, a decrease of 8% compared to ¥181,996,316.94 in the previous period[49] Assets and Liabilities - Total assets increased by 46.78% to CNY 3,312,474,973.77 compared to the end of the previous year[6] - The total assets increased to CNY 3,312,474,973.77 from CNY 2,256,818,491.49, reflecting a growth of approximately 46.7%[38] - The company’s total liabilities increased to CNY 1,135,309,131.55 from CNY 597,897,033.04, reflecting a rise of approximately 90%[38] - Total assets at the end of the period were ¥2,921,565,193.92, up from ¥2,227,098,111.87 at the beginning of the period, marking a growth of 31.2%[41] - The company reported a total liability of ¥798,826,676.68, which is a 35% increase from ¥592,285,532.33[41] Cash Flow - The company reported a significant decline in net cash flow from operating activities, down 90.70% to CNY 16,867,041.22[6] - Cash flow from operating activities generated a net amount of ¥16,867,041.22, significantly lower than ¥181,362,251.53 in the previous period[55] - Operating cash flow net amount was -31,663,580.52 yuan, a decrease from 189,786,263.93 yuan in the previous period[58] - Cash inflow from operating activities was 685,423,119.47 yuan, down from 816,270,491.16 yuan in the previous period, reflecting a decrease of approximately 16%[58] - The company reported a net cash flow from investment activities of -92,002,999.74 yuan, an improvement from -346,534,015.24 yuan in the previous period[58] Expenses - Operating costs for the first nine months of 2014 increased by 65.60% year-on-year, mainly due to the rapid rise in costs associated with expanded production and sales scale[20] - Total operating costs amounted to ¥923,600,861.40, up 62% from ¥569,380,761.03 in the same period last year[48] - Sales expenses for the first nine months of 2014 increased by 87.92% year-on-year, reflecting the increase in sales volume[20] - Management expenses rose to ¥78,339,142.08, compared to ¥57,841,939.24, reflecting a 35% increase[48] Investments and Growth Strategies - The company is pursuing a non-public offering to enhance future growth, pending regulatory approval[10] - The company has established a partnership with Sharp in the thinning processing business, indicating progress in international market expansion[25] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44] Risks and Challenges - The company faces risks from intensified industry competition and declining product prices, impacting profitability[10] - The company is negotiating with insurers regarding fire damage claims, with uncertainties about the compensation for imported equipment[10] - The company is actively pursuing the collection of overdue transfer payments and has implemented sufficient security measures, including guarantees and equipment pledges[30] - The company is negotiating compensation for fire damage, with domestic claims settled but significant uncertainties remaining for imported equipment[30]

Financial Performance - Total revenue for the first half of 2014 was CNY 672,102,619.17, representing a 31.96% increase compared to CNY 509,324,617.14 in the same period last year[16]. - Net profit attributable to ordinary shareholders decreased by 15.44% to CNY 115,025,417.41 from CNY 136,034,466.20 year-on-year[16]. - Basic earnings per share decreased by 15.38% to CNY 0.22 from CNY 0.26 in the same period last year[16]. - The company reported a decrease in net profit after deducting non-recurring gains and losses by 21.31% to CNY 104,382,496.95 compared to CNY 132,651,185.06 in the previous year[16]. - The net profit attributable to shareholders decreased by 15.44% to 115.03 million yuan, primarily due to a significant drop in product prices[26]. - The profit in the first half of the year decreased compared to the same period last year, primarily due to declining product prices[41]. Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -39,748,541.34, a decline of 131.48% compared to CNY 126,279,287.08 in the previous year[16]. - Total cash inflow from operating activities was 555,806,538.18 yuan, while cash outflow was 595,555,079.52 yuan, resulting in a net cash outflow of 39,748,541.34 yuan[112]. - The ending balance of cash and cash equivalents was 166,829,291.16 yuan, down from 171,118,800.65 yuan at the beginning of the period[113]. - The net increase in cash and cash equivalents was -4,289,509.49 yuan, indicating a decrease in liquidity[113]. Assets and Liabilities - Total assets increased by 36.10% to CNY 3,071,512,769.80 from CNY 2,256,818,491.49 at the end of the previous year[16]. - Total liabilities increased to CNY 948,970,171.64 from CNY 597,897,033.04, reflecting a rise of about 58.8%[100]. - The total actual guarantee amount accounted for 3.30% of the company's net assets[70]. - The total number of shares increased from 489,450,000 to 513,702,341, representing a 4.4% increase[81]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The major shareholder plans to increase their holdings by at least 10 million shares within the next 12 months, with specific targets for individual shareholders[76]. - The number of shareholders at the end of the reporting period was 24,267[85]. Investment and Expansion - Research and development investment increased by 36.80% to 21.93 million yuan, focusing on new products and technologies[26]. - The thin glass processing expansion project has an actual investment of CNY 60 million, with a return of CNY 29.68 million, achieving a 50% return rate[45]. - The company has initiated small-scale production of lightweight full lamination touch panels, aiming for large-scale development post-funding[37]. - The company has established business contacts with several automotive manufacturers for the development of in-car touch screens, targeting a significant market opportunity[37]. Operational Challenges - The company's operating costs rose by 60.71% to 477.99 million yuan, reflecting the expansion of production and sales[26]. - The gross margin for the electronic materials sector decreased by 13.15%, with revenue growth of 31.05% and cost growth of 61.53%[32]. - The company reported a significant increase in sales expenses, which rose by 86.44% to 13.18 million yuan, due to expanded sales activities[26]. Regulatory and Compliance - The company has no violations regarding external guarantees during the reporting period[71]. - The financial report for the half-year has not been audited[77]. - The company adheres to the Chinese Accounting Standards, ensuring the accuracy and completeness of its financial statements[134]. Mergers and Acquisitions - The acquisition of Ganzhou Depute Technology Co., Ltd. for CNY 400.89 million aims to enhance the company's supply chain and resource allocation[57]. - The company acquired 100% equity of Ganzhou Depute Technology Co., Ltd. through a share issuance to Shenzhen Depute Optoelectronic Display Technology Co., Ltd.[81]. Accounting Policies - The company has not changed its main accounting policies or estimates during the reporting period[200]. - The company recognizes revenue from sales when the significant risks and rewards of ownership have transferred to the buyer[187]. - The company assesses impairment of financial assets based on various criteria, including significant financial difficulties of the issuer or debtor[158].

Financial Performance - Total revenue for the first quarter reached ¥288,509,658.05, an increase of 31.11% compared to ¥220,054,439.61 in the same period last year[7] - Net profit attributable to ordinary shareholders decreased by 7.92% to ¥47,450,583.22 from ¥51,529,207.53 year-on-year[7] - Basic earnings per share decreased by 10% to ¥0.09 from ¥0.1 in the same period last year[7] - The company achieved a net profit of CNY 47.45 million in Q1 2014, a decrease of 7.92% year-on-year, attributed to increased competition and rising employee costs[23] - Total operating revenue for Q1 2014 was CNY 288,509,658.05, an increase of 31% compared to CNY 220,054,439.61 in the same period last year[49] - Total operating costs for Q1 2014 were CNY 235,872,266.58, up from CNY 156,023,710.00, reflecting a 51% increase year-over-year[49] - Operating profit for Q1 2014 was CNY 52,637,391.47, a decrease of 13% from CNY 60,746,400.46 in the previous year[49] - Total comprehensive income for the first quarter was CNY 47,465,557.05, down 8.0% from CNY 51,520,964.39 in the previous period[53] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥17,677,367.26, a decline of 127.17% compared to ¥65,053,922.22 in the previous year[7] - The company reported a significant increase in financing activities, with net cash flow from financing activities of CNY 237,409,511.20, compared to CNY 41,557,911.05 in the previous year[57] - Cash and cash equivalents increased to CNY 344,767,359.55 from CNY 160,414,171.16, a growth of 115%[46] - The ending balance of cash and cash equivalents was 344,767,359.55 CNY, an increase from 234,172,009.10 CNY year-over-year[61] - The company incurred an investment loss of CNY -3,284,329.15 from joint ventures and associates[53] - The total cash inflow from financing activities was 333,401,716.96 CNY, up from 89,197,321.70 CNY year-over-year[60] Assets and Liabilities - Total assets increased by 35.63% to ¥3,060,974,042.85 from ¥2,256,818,491.49 at the end of the previous year[7] - Total liabilities increased to CNY 962,775,899.37 in Q1 2014 from CNY 597,897,033.04, marking a 61% rise year-over-year[43] - Shareholders' equity reached CNY 2,098,198,143.48, up from CNY 1,658,921,458.45, indicating a 26% growth[43] - The company’s total current assets increased to 1,364,111,501.69 RMB from 891,399,027.79 RMB, indicating significant growth in liquidity[41] Strategic Initiatives - The company plans to enhance R&D and launch new products to mitigate the risk of declining product prices due to increased competition[9] - The company is pursuing a touch display integration strategy to expand its market presence in automotive, industrial control, and medical instrument sectors[9] - The company plans to invest in large-sized high-end thinning equipment and develop high-concentration waste acid treatment technology to strengthen its leadership in the thinning industry[24] - The company is actively expanding into high-end automotive and medical device markets as part of its strategic initiatives[25] - The company is establishing a sales office in the United States to expand its international market presence[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,439, with the top ten shareholders holding significant stakes[12] - The top five suppliers accounted for 51.92% of total procurement, increasing from 47.84% in the same period last year, with procurement amounting to CNY 62,011,295.12[25] - The top five customers contributed sales of CNY 74,393,237.78, which is 25.79% of total sales, slightly down from 26.28% year-on-year[25] - The company’s major shareholders plan to increase their holdings by at least 10 million shares within the next 12 months[38] Investment and Fundraising - The company plans to use 4,525.00 million RMB of raised funds to supplement working capital, specifically for repaying short-term bank loans[32] - The total amount of raised funds exceeded 51,352.62 million RMB, with significant investments planned for high-end STN type ITO transparent conductive glass and capacitive touch screen projects[32] - The company has invested 9,030.39 million RMB of self-raised funds in the touch screen ITO conductive glass project and the R&D center project[32] - Cumulative changes in the use of raised funds amounted to CNY 6,031.53 million, representing 8.39% of the total raised funds[31]

Financial Performance - The company reported a total revenue of 1.5 billion CNY for the year 2013, representing a year-on-year growth of 15%[16]. - The net profit attributable to shareholders was 200 million CNY, an increase of 10% compared to the previous year[16]. - The company achieved a gross margin of 30%, which is consistent with the industry average[16]. - The company's operating revenue for 2013 was CNY 1,097,352,513.54, representing a 35.42% increase compared to CNY 810,345,077.13 in 2012[17]. - The net profit attributable to shareholders was CNY 263,529,876.06, a 29.46% increase from CNY 203,561,478.56 in the previous year[17]. - The company's total assets increased by 26.64% to CNY 2,256,818,491.49 at the end of 2013, up from CNY 1,782,025,089.95 in 2012[17]. - The net cash flow from operating activities decreased by 47.87% to CNY 120,781,551.80, down from CNY 231,700,515.81 in 2012[17]. - The company reported a basic earnings per share of CNY 0.54, which is a 28.57% increase from CNY 0.42 in the previous year[17]. - The total liabilities increased by 78.42% to CNY 597,897,033.04, compared to CNY 335,105,297.95 in 2012[17]. Research and Development - The company has allocated 100 million CNY for research and development in 2014, focusing on advanced display technologies[16]. - The company is focusing on R&D to develop new products and improve product quality to adapt to rapid technological advancements in the electronics industry[24]. - Research and development investment increased by 13.28% year-over-year, indicating a strong commitment to innovation and product development[38]. - R&D expenses amounted to ¥34,807,300, reflecting a commitment to new product development and technological innovation[43]. - The company is currently working on five R&D projects, indicating a robust pipeline for future innovations[43]. - The company has established a joint laboratory for graphene electronic materials, enhancing its research capabilities in new materials and technologies[35]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2015[16]. - The company plans to enhance customer loyalty and expand its market presence through self-developed modules and the acquisition of Depute[24]. - The company aims to achieve a revenue target of 2 billion CNY for 2014, reflecting a growth rate of 33%[16]. - The company is focusing on international market expansion to enhance its brand image and quality while increasing market share[76]. - The company aims to establish a subsidiary in Chongqing for its thinning division, with plans to increase production capacity from 200K to 500K units per month based on market demand[77]. Acquisitions and Investments - A strategic acquisition of a 100% stake in a local competitor is anticipated to enhance production capacity by 40%[16]. - The company has successfully acquired Depute to strengthen its competitiveness in the touch screen industry and is developing an integrated solution for touch display applications[75]. - The company completed the acquisition of 100% equity of Ganzhou Depute for a total of 24,252,341 shares issued, increasing its registered capital to RMB 513,702,341[111]. - The company sold its 43% stake in Haoxin Optoelectronics for RMB 151.76 million due to unsatisfactory operational performance[116]. Financial Management and Risks - The board emphasized the importance of maintaining a robust risk management framework to navigate market uncertainties[16]. - The company faces risks related to accounts receivable as sales scale expands, necessitating close monitoring of customer dynamics[24]. - The company recognizes the financial risks associated with expansion and plans to manage its debt levels carefully to ensure sustainable growth[81]. - The company has a high accounts receivable balance equivalent to 3-4 months of sales, which poses a risk to its cash flow[80]. Shareholder Information and Dividends - The company approved a cash dividend of CNY 1.50 per 10 shares, totaling CNY 48,945,000, based on a total share capital of 32,630,000 shares as of December 31, 2012[84]. - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares for the year 2013, with a total cash dividend amounting to CNY 48,945,000[86]. - The total share capital increased from 326,300,000 shares to 489,450,000 shares following a capital reserve conversion plan, with a distribution of 1.50 RMB per 10 shares to shareholders, totaling 48,945,000 RMB in cash dividends[154]. Corporate Governance and Compliance - The company has established several internal information management systems to prevent insider trading and ensure compliance with relevant laws and regulations[92]. - The company did not experience any major litigation or arbitration matters during the reporting period[100]. - The company has not faced any penalties from the China Securities Regulatory Commission or other relevant authorities[182]. - The company has maintained a stable management structure with no significant changes in the board of directors or senior management[176]. Employee and Management Information - The total number of employees as of December 31, 2013, is 2,829, with 78.2% in production roles[200]. - The R&D personnel count is 312, representing 11% of the total workforce[200]. - The company paid a total of 5,865,732.67 CNY in compensation to its directors, supervisors, and senior management in 2013[196]. - The highest individual compensation was received by the chairman, Chen Qi, amounting to 1,166,631.89 CNY[195].