| 股票代码：300088 | 股票简称：长信科技 | 公告编号：2023-053 | | --- | --- | --- | | 债券代码：123022 | 债券简称：长信转债 | | 芜湖长信科技股份有限公司 关于股东部分股权质押及解除质押的公告 | 股东名称 | | 是否为控股股东 或第一大股东及 | 本次解除质押 占其所持 | 占公司总 | 质押起始 | | 解除质押 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 其一致行动人 | 数量（万股） 股份比例 | 股本比例 | 日 | | 日 | | | | 新疆润丰股权 | | | | | 2020 9 | 年 | 2023 年 8 | | 安信证券股 | | 投资企业 | （有 | 否 | 820.00 3.98% | 0.33% | | | | | | | | | | | | 月 24 日 | | 月 8 | 日 | 份有限公司 | | 限合伙） | | | | | | | | | | 二、 股东股份累计被质押的情况 本公司及董事会全体人员保 ...

证券代码：300088 证券简称：长信科技 芜湖长信科技股份有限公司投资者关系活动记录表 编号：2023-001 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 ☑业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称及 | 线上参与公司 2022 年度网上业绩说明会的投资者 | | 人员姓名 | | | 时间 | 2023 年 5 月 5 日 15:00-17:00 | | 地点 | 全景▪路演天下：http://rs.p5w.net | | 上市公司接待人 | 公司董事长高前文先生；董事会秘书陈伟达先生；财务总监秦 | | 员姓名 | 青华先生；独立董事王宏女士。 | | | 公司于 2023 年 4 月 15 日披露了《2022 年年度报告》，为使广 | | | 大投资者进一步了解公司 2022 年度经营情况，公司于 2023 年 | | 5 | 月 5 日 15:00－17:00 通过全景网举办了 2022 年度网上业绩 | | | 说明会。 | | | 主要交流内容如下： | ...

出席本次年度网上业绩说明会的人员有：公司董事长高前文先生；董事会秘 书陈伟达先生；财务总监秦青华先生；独立董事王宏女士。 为充分尊重投资者、提升交流的针对性，现就公司2022年度网上业绩说明会 提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于2023 年5月5日（星期五）15：00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码， 进入问题征集专题页面。公司将在2022年度网上业绩说明会上，对投资者普遍关 注的问题进行回答。欢迎广大投资者积极参与。 证券代码：300088 证券简称：长信科技 公告编号：2023-032 债券代码：123022 债券简称：长信转债 芜湖长信科技股份有限公司 关于举行2022年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 芜湖长信科技股份有限公司（以下简称"公司"）《2022年年度报告》及其 摘要已于2023年4月15日刊登于中国证监会指定的信息披露网站。为使投资者进 一步了解公司2022年的经营情况，公司定于2023年5月5日（星期五）15:00-17:00 在全 ...

Acquisition Plans - The company plans to acquire 43.86% of its subsidiary Wuhu Changxin New Display Devices Co., Ltd., aiming to gain 100% control post-transaction[6]. Financial Position - As of the end of Q1 2023, total current assets decreased to CNY 4,544,649,365.10 from CNY 4,896,062,090.67 at the beginning of the year, a decline of approximately 7.15%[6]. - Cash and cash equivalents decreased to CNY 1,631,297,835.22 from CNY 1,709,449,366.69, a reduction of about 4.57%[6]. - Accounts receivable decreased to CNY 1,550,035,352.02 from CNY 1,791,756,062.91, representing a decline of approximately 13.48%[6]. - Total liabilities decreased to CNY 4,102,952,846.92 from CNY 4,316,570,079.47, a decrease of about 4.95%[9]. - The company's total equity increased to CNY 8,856,918,046.82 from CNY 8,748,246,258.05, an increase of approximately 1.24%[12]. - The company reported a total asset value of CNY 12,959,870,893.74, down from CNY 13,064,816,337.52, a decrease of about 0.8%[12]. - The company’s long-term equity investments increased slightly to CNY 744,592,111.61 from CNY 741,865,258.43, an increase of about 0.31%[9]. - The company’s inventory increased to CNY 866,027,934.59 from CNY 853,013,951.23, an increase of approximately 1.53%[6]. - The company’s goodwill remained stable at CNY 262,729,911.83, unchanged from the previous period[9]. Operating Performance - Total operating revenue for the current period is ¥1,471,825,241.49, a decrease of 14.29% from ¥1,716,934,434.62 in the previous period[13]. - Total operating costs decreased to ¥1,412,676,156.03, down 6.61% from ¥1,512,477,748.51 in the previous period[13]. - Net profit for the current period is ¥108,794,579.08, a decrease of 42.34% compared to ¥188,445,357.72 in the previous period[15]. - Basic earnings per share for the current period is ¥0.0425, down from ¥0.0739 in the previous period, reflecting a decrease of 42.56%[18]. Income and Expenses - Other income increased by 172.74% to ¥29,894,558.33, compared to ¥10,960,643.68 in the previous period[19]. - Investment income decreased by 63.20% to ¥4,071,853.18, down from ¥11,064,086.79 in the previous period[19]. - Financial expenses increased by 104.12% to ¥15,790,438.34, compared to ¥7,735,835.59 in the previous period, primarily due to increased exchange losses[19]. - Tax expenses decreased by 94.14% to ¥2,147,477.04, down from ¥36,636,678.35 in the previous period, due to tax incentives and increased deferred tax assets[19]. - Sales expenses decreased by 33.44% to ¥15,366,673.50, compared to ¥23,086,118.00 in the previous period, mainly due to reduced customer repair costs[19]. - Other comprehensive income after tax for the current period is -¥130,850.84, compared to ¥145,131.99 in the previous period[15]. Cash Flow - Tax refunds received increased by 252.29% compared to the same period last year, primarily due to an increase in export tax rebates[22]. - Cash paid for purchasing goods and accepting services grew by 30.07% year-on-year, mainly due to increased payments for raw material procurement[22]. - Cash paid for various taxes decreased by 44.32% compared to the previous year, mainly due to a reduction in value-added tax and its surcharges[22]. - Cash inflow from the disposal of fixed assets, intangible assets, and other long-term assets increased by 681,635.00 yuan compared to the same period last year, mainly due to an increase in fixed asset disposals[22]. - Cash paid for acquiring fixed assets, intangible assets, and other long-term assets rose by 47.92% year-on-year, primarily due to increased payments for equipment engineering[22]. - Cash paid for other investment-related activities surged by 277.67% compared to the previous year, mainly due to increased purchases of bank wealth management products[22]. - Cash received from borrowings increased by 79.04% year-on-year, primarily due to increased bank borrowings during the reporting period[22]. - Cash repaid for debts increased by 30 million yuan compared to the previous year, mainly due to an increase in repayments of due bank loans[22]. - Operating cash inflow totaled 1,588,304,267.07 yuan, down from 1,702,607,550.97 yuan in the previous year[28]. - Net cash flow from operating activities was 263,295,706.82 yuan, a decrease from 489,199,078.60 yuan in the previous year[28]. Year-on-Year Comparisons - The company's operating revenue for Q1 2023 was ¥1,471,825,241.49, a decrease of 14.28% compared to ¥1,716,934,434.62 in the same period last year[45]. - Net profit attributable to shareholders for Q1 2023 was ¥104,214,237.72, down 42.54% from ¥181,381,785.24 year-on-year[45]. - The net profit after deducting non-recurring gains and losses was ¥82,444,571.34, a decline of 51.96% compared to ¥171,610,180.64 in the previous year[45]. - The net cash flow from operating activities was ¥263,295,706.82, down 46.18% from ¥489,199,078.60 in the same period last year[45]. - Total assets at the end of the reporting period were ¥12,959,870,893.74, a decrease of 0.80% from ¥13,064,816,337.52 at the end of the previous year[45]. - The company's equity attributable to shareholders increased by 1.26% to ¥8,370,575,885.15 from ¥8,266,480,813.46 at the end of the previous year[45]. - The company reported a significant increase of 496.44% in trading financial assets compared to the beginning of the year, attributed to increased purchases of bank wealth management products[47]. - Development expenditures grew by 51.34% compared to the beginning of the year, due to increased capitalized R&D project expenditures[47]. - The company's basic earnings per share for Q1 2023 were ¥0.0425, a decrease of 42.49% from ¥0.0739 in the same period last year[45]. - The weighted average return on net assets was 1.25%, down from 2.33% in the previous year[45].

Wearable Devices and Market Trends - The global wearable device shipment is expected to return to positive growth in 2023, with an estimated increase of 4.6% to 539 million units[2]. - The compound annual growth rate (CAGR) for wearable devices over the next five years is projected to be 5.1%, reaching 628 million units by 2026[2]. Automotive Business and Technology Development - The company has established a significant position in the supply chain for automotive clients, covering over 70% of global vehicle brands[3]. - The automotive business has become a key strategic direction, with a complete supply chain covering various automotive products[11]. - New technologies and products, such as 3D automotive curved cover plates, have been launched, leading to an increase in customer orders[11]. - The company is actively expanding its customer base in the new energy vehicle sector, supplying central control screen modules to major clients like T Company and BYD[59]. - The automotive display market is shifting towards larger, multi-screen setups, with the company focusing on 3D curved glass cover technology[63]. - The company has secured framework agreements for multiple 3D automotive projects, with total amounts reaching several billion CNY[63]. - The company is optimistic about the growth trends in automotive electronics, ultra-thin glass cover plates, and VR headset modules, which are expected to bring significant opportunities in 2023 and beyond[66]. Financial Performance and Revenue - The company achieved operating revenue of CNY 698,726.34 million, a year-on-year decrease of 0.44%[11]. - Operating profit was CNY 73,297.46 million, down 30.26% year-on-year, while net profit attributable to shareholders was CNY 67,966.40 million, a decrease of 24.84%[11]. - The decline in revenue was attributed to global inflation and weakened consumer demand, while net profit was impacted by rising raw material prices and increased competition[11]. - The top five customers accounted for 66.51% of total annual sales, with the largest customer contributing 20.30%[17]. - The total procurement amount from the top five suppliers was CNY 1,372,249,921.17, representing 23.96% of total annual procurement[17]. Research and Development - R&D expenses increased by 9.43% year-on-year to CNY 330,023,034.90[18]. - The company has completed the research and development of flexible OLED display modules, achieving trial production and mass production, thus enhancing its competitive advantage in the industry[19]. - The company is committed to enhancing R&D efforts, focusing on projects such as DLC coating, UTG product development, and IGZO technology mass production[85]. - The company has a strong focus on research and development, with several patents and technology achievements recognized at the provincial level[140]. Cash Flow and Investment Activities - The cash inflow from investment activities decreased by 89.78% to approximately $93.94 million, while cash outflow from investment activities decreased by 52.85% to approximately $1.03 billion[21]. - The net cash flow from investment activities improved by 26.00%, reaching approximately -$939.98 million compared to the previous period[21]. - The company's cash inflow from operating activities in 2022 was approximately ¥6.53 billion, a year-on-year increase of 24.33%[45]. - The cash outflow from operating activities in 2022 was approximately ¥5.22 billion, reflecting a year-on-year increase of 26.97%[45]. - The net cash flow generated from operating activities was approximately ¥1.31 billion, representing a year-on-year increase of 14.84%[45]. Governance and Compliance - The company has established a comprehensive governance structure to enhance operational compliance and improve governance levels in accordance with regulatory requirements[97]. - The company maintains an independent governance structure, with 11 board members, including 4 independent directors, exceeding one-third of the total board size[100]. - The company has established a performance evaluation and incentive mechanism for senior management, combining base salary with annual performance assessments[105]. - The company has implemented a comprehensive internal control system to manage risks and ensure the normal operation of business activities[106]. Market Conditions and Risks - In 2023, the company faces risks from global economic recession, inflation, and geopolitical factors, leading to a decline in consumer income expectations and a decrease in global consumer electronics demand[80]. - The company acknowledges risks related to technological updates and the need for continuous communication with downstream clients to maintain competitiveness[159]. - The company anticipates challenges from global economic downturns and intensified competition in the touch display industry, impacting profit margins[151]. Strategic Initiatives and Future Plans - The company plans to enhance the self-manufacturing rate of key equipment and accelerate the mass production of new production lines[11]. - The company is actively promoting restructuring and fundraising efforts to enhance profitability and strengthen its competitive position in automotive electronics and high-end display modules[79]. - The company aims to expand its market presence through new product development and strategic partnerships[171]. - The company is considering the possibility of East信光电 entering the capital market in the future[193].

Revenue and Profitability - Revenue for Q3 2022 was CNY 1,965,119,439.61, an increase of 7.52% year-over-year[7] - Net profit attributable to shareholders decreased by 34.24% to CNY 218,496,452.30 in Q3 2022[7] - Basic earnings per share fell by 34.27% to CNY 0.0890[7] - Total operating revenue for the third quarter was CNY 5,177,736,400.10, a slight increase from CNY 5,082,261,575.76 in the previous year, representing a growth of approximately 1.3%[29] - Net profit for the quarter was CNY 600,065,648.97, down from CNY 822,126,319.87, indicating a decrease of approximately 27%[31] - Earnings per share (EPS) decreased to 0.2376 from 0.3257, representing a decline of about 27%[31] - The company reported a profit margin of approximately 11.6% for the quarter, down from 16.2% in the previous year[31] Assets and Liabilities - Total assets increased by 10.53% to CNY 12,780,513,215.82 compared to the end of the previous year[7] - Total liabilities increased to CNY 4,193,633,615.32 from CNY 3,452,428,583.78, marking an increase of about 21.5%[25] - Non-current assets totaled ¥7,952,115,050.92, up from ¥7,323,300,509.92 at the beginning of the year, marking an increase of about 8.6%[22] - The company reported a total asset value of ¥12,780,513,215.82 as of September 30, 2022, compared to ¥11,562,721,404.72 at the beginning of the year, representing a growth of approximately 10.5%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 142,567, with the top ten shareholders holding a combined 11.06% and 8.40% of shares respectively[16] - The top shareholder, Wuhu Tieyuan Investment, holds 11.06% of shares, amounting to 271,497,707 shares[16] - The company has a total of 117,080,000 pledged shares held by Xinjiang Runfeng Equity Investment, indicating potential financial leverage[16] Cash Flow and Investments - Cash flow from operating activities for the year-to-date increased by 66.01% to CNY 821,705,960.44[7] - Operating cash inflow for the period was CNY 4,706,398,141.64, an increase of 26.6% from CNY 3,717,971,936.36 in the previous period[35] - Net cash flow from operating activities was CNY 821,705,960.44, up 65.7% from CNY 494,979,918.15 in the previous period[35] - Cash inflow from borrowing was CNY 739,621,218.23, an increase from CNY 510,100,000.00 in the previous period[38] - Cash outflow for debt repayment was CNY 530,000,000.00, slightly down from CNY 545,174,204.11 in the previous period[38] - The company reported a 231.82% increase in investment income compared to the same period last year[12] - The company achieved an investment income of CNY 8,437,803.02, significantly higher than CNY 2,542,913.10 from the previous year, indicating a growth of approximately 232%[29] Expenses - Research and development expenses increased by 85.94% due to higher investment in ongoing projects[12] - Research and development expenses rose to CNY 248,801,451.87 from CNY 236,344,507.77, an increase of approximately 5.5%[29] - Total operating costs increased to CNY 4,577,314,959.92 from CNY 4,215,148,340.06, reflecting a rise of about 8.6% year-over-year[29] Cash and Equivalents - The company's cash and cash equivalents increased to ¥1,706,478,348.48 as of September 30, 2022, up from ¥1,406,167,271.77 at the beginning of the year, representing a growth of approximately 21.4%[22] - Cash and cash equivalents at the end of the period totaled CNY 1,665,341,468.79, an increase from CNY 1,097,872,468.59 in the previous period[38] Other Financial Metrics - The balance of contract assets increased by 135.94% compared to the end of the previous year[12] - Accounts receivable rose to ¥1,843,865,563.47, compared to ¥1,793,312,036.69 at the start of the year, indicating an increase of about 2.8%[22] - Inventory levels increased to ¥709,924,523.49 from ¥582,284,907.77, reflecting a growth of approximately 21.9%[22] - The company has a significant increase in prepayments, which rose to ¥22,648,162.56 from ¥16,570,853.30, a growth of approximately 36.5%[22] - The company’s goodwill remained stable at ¥262,729,911.83, unchanged from the beginning of the year[22] Audit Information - The company did not conduct an audit for the third quarter report[39]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2022, representing a year-on-year growth of 15%[5]. - The company's operating revenue for the first half of 2022 was ¥3,212,616,960.49, a decrease of 1.29% compared to the same period last year[42]. - Net profit attributable to shareholders was ¥364,705,868.80, down 21.93% year-on-year[42]. - The net profit after deducting non-recurring gains and losses was ¥342,289,493.31, a decrease of 23.22% compared to the previous year[42]. - The company's revenue for the reporting period was approximately ¥3.21 billion, a decrease of 1.29% compared to the same period last year[73]. - Operating costs increased by 5.78% to approximately ¥2.53 billion, resulting in a gross margin of 21.17%, which is a decrease of 5.26% year-on-year[77]. - The gross margin for the first half of 2022 was reported at 35%, a slight decrease from 37% in the previous year, attributed to rising raw material costs[8]. - The net cash flow from operating activities increased significantly by 234.69% to ¥718,731,319.92[42]. - The net cash flow from operating activities surged by 234.69% to approximately ¥718.73 million, attributed to concentrated payments from major clients[73]. - Investment income for the period amounted to ¥12,661,364.61, accounting for 2.83% of total profit[78]. Market Position and Strategy - User data indicates a growing customer base, with active users increasing by 20% compared to the previous year, reaching 500,000 users[8]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[8]. - The company has established a strong position in the automotive electronics sector, covering over 70% of global vehicle brands[52]. - The ultra-thin LCD panel business maintains the largest market share in China, recognized by major clients such as Sharp, LGD, and BOE[53]. - The company has established a leading position in the professional module OEM industry, with strong profitability and a high market share in mid-to-high-end products[55]. - The company emphasizes a product strategy targeting mid-to-high-end clients, ensuring stability and growth in its business operations[65]. Research and Development - The company is investing heavily in R&D, with a budget increase of 20% for 2023, focusing on advanced display technologies[8]. - New product development includes the launch of a next-generation touch panel, expected to enhance market competitiveness and drive sales growth by 25% in the upcoming quarters[8]. - The company has accumulated 452 authorized patents, including 33 invention patents, and is currently applying for 196 additional patents[60]. - The company is focusing on developing new technologies such as glass-based Mini-LED backplanes and Micro-LED modules to maintain its technological edge[61]. - The company has built a comprehensive supply chain from conductive glass to integrated touch display modules, ensuring quality production systems for both consumer and automotive applications[62]. Financial Management and Investments - The company will not distribute cash dividends for the current fiscal year, opting to reinvest profits into growth initiatives[14]. - The company has reduced financing activities, with cash flow from financing activities decreasing by 75.52% compared to the previous year[73]. - The company invested ¥520,677,223.39 during the reporting period, a decrease of 6.35% compared to the previous year[87]. - The company has committed to a total investment of ¥123,000,000 for the integrated touch display module project, with 96.65% of the investment completed by the end of the reporting period[92]. Risk Management - The company faces risks including macroeconomic uncertainties due to the ongoing COVID-19 pandemic and geopolitical tensions, which may impact the technology and consumer electronics sectors[108]. - The company emphasizes the importance of managing accounts receivable risks, maintaining a high level of vigilance and implementing measures to ensure the safety and integrity of receivables[108]. - The company is exposed to foreign exchange rate fluctuations, primarily due to its export business settled in USD, and plans to mitigate risks through effective hedging strategies[108]. - The company acknowledges the risk of rising raw material prices and aims to strengthen partnerships with key suppliers to secure resources and maintain cost efficiency[109]. Environmental Compliance - The company emitted 70.985 tons/year of COD, which is below the approved total discharge of 134.003 tons/year[122]. - The company emitted 2.43 tons/year of ammonia nitrogen, also below the approved total discharge of 3.84 tons/year[122]. - The company has completed environmental acceptance for 6 projects and has 3 new projects under construction[123]. - The company invested over 2 million yuan in clean production modifications and successfully passed the clean production acceptance[126]. - The company is in compliance with environmental laws and has not experienced any environmental violations as of June 30, 2022[122]. Corporate Governance - The annual shareholders meeting had a participation rate of 21.40% on May 16, 2022[116]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[117]. - There were no stock incentive plans or employee stock ownership plans implemented during the reporting period[118]. - The company's semi-annual report has not been audited[150]. - There were no significant litigation or arbitration matters during the reporting period[152]. - The company did not engage in any related party transactions during the reporting period[160].

Financial Performance - The company reported a total revenue of 2,454,887,088 RMB for the year, with a cash dividend of 0.50 RMB per 10 shares distributed to all shareholders[10]. - The company's operating revenue for 2021 was CNY 7,018,425,454.73, representing a year-over-year increase of 2.55% compared to CNY 6,843,956,121.41 in 2020[27]. - The net profit attributable to shareholders for 2021 was CNY 904,239,101.53, an increase of 8.39% from CNY 834,231,659.93 in 2020[27]. - The net cash flow from operating activities decreased by 29.12% to CNY 1,143,973,609.29 from CNY 1,613,905,053.12 in the previous year[27]. - The total assets at the end of 2021 were CNY 11,562,721,404.72, reflecting a growth of 16.91% from CNY 9,889,974,875.69 at the end of 2020[27]. - The basic earnings per share for 2021 was CNY 0.37, up 8.82% from CNY 0.34 in 2020[27]. - The company reported a total of CNY 86,000,413.40 in government subsidies recognized in 2021, compared to CNY 61,657,914.36 in 2020[33]. - The fourth quarter revenue reached CNY 1,936,163,878.97, contributing significantly to the annual performance[30]. - The company’s weighted average return on equity for 2021 was 12.29%, slightly down from 12.58% in 2020[27]. - The net profit after deducting non-recurring gains and losses for 2021 was CNY 838,189,918.79, an increase of 8.12% from CNY 775,263,594.78 in 2020[27]. Market Position and Strategy - The company is focused on technological innovation and product upgrades to maintain competitiveness in the rapidly evolving touch display industry[7]. - The company plans to continue expanding its market presence and product offerings to enhance its competitive edge in the industry[10]. - The company has established a leading position in the automotive electronics, ultra-thin LCD panel, ultra-thin glass cover (UTG), and consumer electronics sectors, further consolidating its market share[41]. - In the automotive electronics segment, the company covers over 70% of global vehicle brands, providing key components such as vehicle sensors and display modules[44]. - The ultra-thin LCD panel business has achieved the highest market share in China, recognized by major clients like Sharp, LGD, and BOE[45]. - The ultra-thin glass cover (UTG) segment has completed the entire technical and production capability for mass production, with significant partnerships established with major smartphone brands[46]. - The company has developed a new form of glass coating cover and SUS glass backing, enhancing its offerings in the foldable device market[46]. - The automotive industry is shifting from supply-driven to consumer demand-driven, with a significant increase in the adoption of large-screen displays in vehicles, reaching over 74.6% for new models[41]. - The company is actively developing domestic flexible OLED wearable clients to ensure the sustainability and profitability of its flexible OLED business[50]. - The company has established Changxin Display in Wuhu to increase investment in high-end NB and PAD module businesses, collaborating with top electronic clients like Lenovo, ASUS, Huawei, DELL, and HP[50]. Research and Development - The company maintains a strong focus on R&D, investing in advanced technologies such as Mini-LED and Micro-LED modules to solidify its industry leadership[63]. - The company has launched a series of leading technologies and products in automotive electronics, display panel thinning, UTG, and consumer electronics, with a total of 452 authorized patents, including 33 invention patents[51]. - The company has completed the development of AR anti-reflective film for automotive products, enhancing its core competitiveness in the automotive display market[84]. - Ongoing R&D projects include ultra-thin glass technology aiming for a thickness of 0.030-0.080mm, which is expected to strengthen the company's position in high-end display materials[81]. - The company is developing integrated technology for large-size dynamic touch displays for vehicles, targeting a significant market demand[81]. - The company has successfully developed automotive electronic products, including car-mounted colorful display technology, and has achieved mass production of 3D curved covers for automotive displays[180]. Risk Management - The company emphasized the importance of managing accounts receivable, which has historically been high, and implemented measures to reduce risks associated with it[7]. - The company faces risks related to fluctuations in raw material prices, which could impact operational performance, and is working to establish strategic partnerships with key suppliers[10]. - The company is actively analyzing international market conditions and currency fluctuations to mitigate foreign exchange risks[7]. - The company acknowledges macroeconomic risks, including the ongoing impact of the COVID-19 pandemic and geopolitical uncertainties on global trade[5]. - The company is focusing on enhancing its R&D capabilities to capture new product and technology opportunities, aiming to maintain its technological leadership in the industry[184]. - The company maintains a robust operational strategy, emphasizing risk awareness and management of various risk indicators in production and operations[187]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective operation and management[196]. - The board of directors consists of 11 members, including 4 independent directors, ensuring compliance with governance requirements[196]. - The company has conducted annual and temporary shareholder meetings, ensuring equal treatment and participation of all shareholders[196]. - The company has established a comprehensive internal control system to ensure the normal operation of business activities, continuously improving governance levels[200]. - The board of directors has set up four specialized committees, including the audit committee, to oversee various aspects of the company's operations and ensure compliance with regulations[197]. - The company has implemented a performance evaluation and incentive mechanism for senior management, combining basic annual salary with year-end performance assessments[199].

Revenue and Profit - Revenue for Q1 2022 was CNY 1,716,934,434.62, an increase of 10.50% compared to CNY 1,553,804,997.05 in the same period last year[4] - Net profit attributable to shareholders was CNY 181,381,785.24, a decrease of 21.66% from CNY 231,546,093.76 year-on-year[4] - Net profit excluding non-recurring gains and losses was CNY 171,610,180.64, down 21.03% from CNY 217,319,120.63 in the previous year[4] - The company reported a decrease in net profit margin, with the current margin at approximately 10.5% compared to 15.2% in the previous year[26] - Earnings per share (EPS) decreased to ¥0.0739 from ¥0.0943, indicating a decline of 21.5% year-over-year[28] Cash Flow - Operating cash flow net amount increased by 188.79% to CNY 489,199,078.60 from CNY 169,396,149.77 in the same period last year[4] - The cash inflow from operating activities totaled ¥1,702,607,550.97, an increase of 49.3% compared to ¥1,140,271,488.48 in the previous period[31] - The cash outflow from operating activities was ¥1,213,408,472.37, up from ¥970,875,338.71, resulting in a net cash flow from operating activities of ¥489,199,078.60, a significant increase from ¥169,396,149.77[33] - The cash inflow from investment activities was ¥1,170,153.54, while cash outflow was ¥261,424,180.82, leading to a net cash flow from investment activities of -¥260,254,027.28, an improvement from -¥324,016,702.03[33] - The cash inflow from financing activities amounted to ¥90,415,310.89, with cash outflow of ¥36,453,901.18, resulting in a net cash flow from financing activities of ¥53,961,409.71, compared to -¥196,993,182.88 in the previous period[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,854,814,937.58, a 2.53% increase from CNY 11,562,721,404.72 at the end of the previous year[4] - The total liabilities of the company increased, impacting the overall financial leverage[19] - Total liabilities amounted to ¥3,555,855,115.35, up from ¥3,452,428,583.78, indicating a growth of 3.0%[23] - The total current liabilities increased to CNY 641,556,594.43 from CNY 610,855,927.77, reflecting a rise of approximately 5.00%[19] Equity and Investments - Shareholders' equity attributable to the parent company was CNY 7,884,793,296.03, up 2.36% from CNY 7,703,190,765.92 at the end of the previous year[4] - The company's total equity reached ¥8,298,959,822.23, an increase of 2.3% from ¥8,110,292,820.94[23] - Investment income surged by 981.87%, reflecting increased returns from equity method investments in associated companies[9] - The company's long-term equity investments rose to CNY 790,977,080.37 from CNY 779,916,412.75, indicating an increase of about 1.36%[19] Expenses - Management expenses grew by 41.57%, primarily due to increased salaries for management personnel and the operation of a new subsidiary[9] - The company's total costs for the quarter were ¥1,512,477,748.51, which is an increase of 17.7% from ¥1,284,758,280.56 in the previous year[24] - Research and development expenses increased to ¥82,874,355.09, representing a rise of 17.9% from ¥70,267,739.69 in the previous year[24] - The company paid employee compensation totaling ¥397,070,050.05, compared to ¥279,798,426.78 in the previous period, reflecting a 42.2% increase[33] Other Financial Metrics - The company's cash and cash equivalents increased to CNY 1,686,266,120.85 from CNY 1,406,167,271.77 at the beginning of the year, reflecting a growth of approximately 19.93%[17] - Accounts receivable decreased to CNY 1,736,908,337.86 from CNY 1,793,312,036.69, indicating a reduction of about 3.14%[19] - Inventory stood at CNY 575,443,492.77, slightly down from CNY 582,284,907.77, showing a decrease of approximately 1.19%[19] - The company experienced a foreign exchange impact on cash and cash equivalents of -¥4,667,493.80, contrasting with a positive impact of ¥3,368,024.45 in the previous period[35] Strategic Focus - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[20]

芜湖长信科技股份有限公司 2021 年第三季度报告 □ 是 √ 否 1 证券代码：300088 证券简称：长信科技 公告编号：2021-059 债券代码：123022 债券简称：长信转债 芜湖长信科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明： 保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------| ...