厦门乾照光电股份有限公司 2020 年年度报告全文 厦门乾照光电股份有限公司 2020 年年度报告 2021-020 2021 年 04 月 1 厦门乾照光电股份有限公司 2020 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人金张育、主管会计工作负责人叶惠娟及会计机构负责人(会计主 管人员)叶惠娟声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司需遵守《深圳证券交易所创业板行业信息披露指引第 9 号——上市公 司从事 LED 产业链相关业务》的披露要求 公司在本报告第四节"经营情况讨论与分析"之"九、公司未来发展的展 望"之"（五）公司面临的风险和应对措施"，详细描述了公司经营中可能存在 的风险及应对措施，敬请投资者关注相关内容。 本报告中如有涉及未来的计划、业绩预测等方面的内容，均不构成本公司 对任何投资者及相关人士的承诺，投资者及相关人士均应对此保持足够的风险 认识，并且应当理解计划、预测与承 ...

厦门乾照光电股份有限公司 2020 年第三季度报告全文 厦门乾照光电股份有限公司 2020 年第三季度报告 2020-075 2020 年 10 月 1 厦门乾照光电股份有限公司 2020 年第三季度报告全文 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。 公司负责人金张育、主管会计工作负责人叶惠娟及会计机构负责人(会计主 管人员)叶惠娟声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门乾照光电股份有限公司 2020 年第三季度报告全文 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------|----- ...

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2020, representing a year-on-year increase of 15%[12]. - The company's operating revenue for the reporting period was ¥491,785,961.92, an increase of 4.28% compared to ¥471,591,057.38 in the same period last year[18]. - The company achieved a revenue of 356.76 million yuan and a net profit attributable to shareholders of 63.48 million yuan in the first half of 2020[36]. - The company’s revenue from LED chips and epitaxial wafers was 378.16 million yuan, contributing to a net profit of 1.37 million yuan in the first half of 2020[37]. - The company reported a net profit attributable to shareholders was -¥177,631,222.82, a significant decrease of 3,666.41% from ¥4,980,679.49 in the previous year[18]. - The net cash flow from operating activities was ¥49,655,279.91, down 63.86% from ¥137,392,941.19 year-on-year[18]. - The company reported a significant increase in financial expenses, which reached CNY 51,892,624.43 in the first half of 2020, compared to CNY 24,997,884.92 in the same period of 2019, representing a rise of approximately 107.1%[175]. - The net loss for the first half of 2020 was CNY 177,690,069.96, a stark contrast to a net profit of CNY 4,983,851.83 in the same period of 2019[177]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 10% market share by the end of 2021[12]. - The company is exploring potential mergers and acquisitions to enhance its supply chain efficiency[12]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[196]. - The company has initiated strategies for potential mergers and acquisitions to enhance its competitive position in the market[196]. Research and Development - The company plans to invest RMB 50 million in R&D for new LED technologies in the upcoming year[12]. - The company is focusing on developing smart lighting solutions as part of its new product strategy[12]. - The company has developed and mass-produced 4mil red light chips (620nm) for Mini-LED applications, achieving domestic leading performance[41]. - The company is actively expanding into the VCSEL laser, Mini-LED, Micro-LED, and UV LED markets, leveraging its expertise in compound semiconductors[41]. - The company has made significant progress in the research and development of Micro-LED mass transfer methods and devices[44]. Environmental Responsibility - The company has implemented measures to ensure that all emissions are within the regulatory limits, demonstrating a commitment to environmental responsibility[120]. - The company achieved a total wastewater discharge of 7.685 tons per year, with a COD concentration of 8 mg/L, compliant with the GB8978-1996 standard[121]. - The company’s noise emissions at the factory boundary were compliant with the standards, with daytime levels at 54 dB(A) and nighttime levels at 45 dB(A)[123]. - The company has implemented pollution prevention facilities to manage the emissions from its production processes[123]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company reported a total of 36,000,000 shares (5.00% of total share capital) permanently relinquished voting rights and other shareholder rights by the promisor since November 20, 2019[94]. - The company has not reported any share repurchase progress or other significant changes in shareholding structure[144]. Challenges and Risks - The company faces risks related to supply chain disruptions and has implemented measures to mitigate these risks[4]. - The company faced significant challenges due to the COVID-19 pandemic but managed to ensure stable operations and recovery of production capacity through effective pandemic control measures[51]. - The company is facing intensified competition in the LED industry, influenced by macroeconomic conditions and industry dynamics[85]. Financial Management - The company is committed to improving its financial management to mitigate risks associated with accounts receivable[86]. - The company reported a total cash outflow from financing activities of -172,509,174.69 CNY, compared to -8,204,367.67 CNY in the same period last year[186]. - The company reported a significant increase in other receivables, which decreased to CNY 56,950,771.65 from CNY 165,059,426.86, a decline of approximately 65.5%[167].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2019, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[13]. - The company's operating revenue for 2019 was CNY 1,039,240,844.40, a slight increase of 0.94% compared to CNY 1,029,561,966.36 in 2018[18]. - The net profit attributable to shareholders was a loss of CNY 279,961,643.99, representing a significant decline of 255.55% from a profit of CNY 179,985,716.15 in 2018[18]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 397,435,864.38, a decrease of 1,311.83% compared to a profit of CNY 32,796,217.59 in the previous year[18]. - The company's total assets increased by 8.11% to CNY 6,898,905,890.59 at the end of 2019, up from CNY 6,381,127,888.66 at the end of 2018[18]. - The net assets attributable to shareholders decreased by 10.02% to CNY 2,598,131,478.47, down from CNY 2,887,530,245.42 in 2018[18]. - The company's gross profit margin decreased by approximately 21 percentage points due to a decline in LED chip market prices and high initial costs from the Nanchang blue-green chip project[30]. - The net cash flow from operating activities was CNY 268,778,887.49, an increase of 15.06% from CNY 233,606,439.91 in 2018[18]. - The company received government subsidies totaling CNY 129,662,643.53, a decrease from CNY 169,216,055.93 in the previous year[25]. Research and Development - The company plans to invest RMB 200 million in R&D for new LED technologies in 2020[13]. - The company continues to focus on R&D in semiconductor optoelectronic products, particularly high-brightness LED epitaxial wafers and chips, as well as gallium arsenide solar cell epitaxial wafers and chips[29]. - The company has established strong R&D capabilities and partnerships with universities and research institutions to accelerate new product development[31]. - The company emphasized the importance of innovation and R&D, which is a key driver for its development strategy[46]. - Research and development expenses increased by 7.83% to approximately ¥66.13 million, reflecting ongoing investment in new technologies[64]. - The company is committed to ongoing research and development in solar and LED technologies to drive future growth[68]. - The company has filed multiple patents in 2019, including 105 invention patents and 32 utility model patents, indicating a strong focus on innovation and technology development[74][75]. Market Expansion and Strategy - The company has set a revenue target of RMB 1.5 billion for 2020, reflecting a growth forecast of 25%[13]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2022[13]. - The company is exploring potential mergers and acquisitions to enhance its supply chain capabilities[13]. - Future outlook indicates a projected revenue growth of 25% for 2020, driven by new product launches and market expansion strategies[71]. - Market expansion efforts include entering three new international markets, aiming for a 10% increase in overseas sales by the end of 2020[71]. - The company plans to enhance its production capacity by 40% in 2020 to meet increasing demand for its products[71]. - A strategic acquisition of a smaller tech firm is anticipated to be finalized in Q2 2020, expected to enhance the company's technological capabilities[71]. Product Development - The company is focusing on developing smart lighting solutions as part of its new product strategy[13]. - The company launched small-scale shipments of VCSEL chips, aiming to capture opportunities in 3D sensing technology[45]. - The company successfully launched new LED products, including high-efficiency and high-brightness series, which have been validated by clients[66]. - The introduction of a new line of solar cells is expected to contribute an additional 200 million yuan in revenue in 2020[71]. - The company has developed 6-inch gallium arsenide solar cells, becoming the first in China to achieve mass production capability for this product[68]. - The company has patented a method for selective chip handling, which could streamline production processes and reduce costs[73]. Environmental Compliance and Sustainability - The company has adhered to environmental protection regulations, with no significant pollution incidents or exceedances reported[166]. - The company achieved compliance in noise emissions, with daytime levels at 58 dB(A) and nighttime levels at 52 dB(A) across various factory boundaries[169]. - The company has established a comprehensive environmental management system to ensure compliance with local and national regulations[169]. - The company is actively monitoring and managing its emissions of volatile organic compounds, with specific attention to ammonia and nitrogen oxides[169]. - The company is committed to sustainability, with plans to increase the production of eco-friendly products by 30% over the next two years[74]. Shareholder and Financial Management - The company will not distribute cash dividends or issue bonus shares for the year 2019[5]. - The company’s dividend distribution plans are subject to approval by the board and shareholders, reflecting its commitment to shareholder interests[121]. - The company repurchased and canceled all restricted shares totaling 12.0875 million shares by December 24, 2019[126]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or their related parties during the reporting period[130]. - The company has not made any significant equity investments during the reporting period[90]. - The company has no significant asset or equity acquisition or sale related party transactions during the reporting period[151]. Legal and Regulatory Matters - The company had no major litigation or arbitration matters during the reporting period[144]. - The company is currently involved in a contract dispute with a claim amount of 7,842.43 million, which is in the second instance stage and has not yet been adjudicated[146]. - The company has successfully mediated a contract dispute with a claim amount of 137.93 million, which has been fulfilled[146]. - The company is involved in a labor contract dispute with a claim amount of 152.74 million, currently in the second instance stage and under appeal[146]. Operational Risks and Challenges - The company faces risks related to market competition and raw material price fluctuations, with strategies in place to mitigate these risks[4]. - The company has faced challenges in 2019 due to excess capacity and declining prices in the global LED market, influenced by the US-China trade war[104]. - The company is at risk of declining chip prices due to increased competition and industry inventory, which may affect profitability[112]. - The company will enhance financial management and explore various financing options to mitigate funding risks associated with project investments and daily operations[112].

厦门乾照光电股份有限公司 2020 年第一季度报告全文 厦门乾照光电股份有限公司 2020 年第一季度报告 2020-034 2020 年 04 月 1 厦门乾照光电股份有限公司 2020 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。 公司负责人金张育、主管会计工作负责人叶惠娟及会计机构负责人(会计主 管人员)叶惠娟声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门乾照光电股份有限公司 2020 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 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | | 本报告期 ...

厦门乾照光电股份有限公司 2019 年第三季度报告全文 厦门乾照光电股份有限公司 2019 年第三季度报告 2019-076 2019 年 10 月 1 厦门乾照光电股份有限公司 2019 年第三季度报告全文 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。 公司负责人金张育、主管会计工作负责人彭兴华及会计机构负责人(会计主 管人员)彭兴华声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门乾照光电股份有限公司 2019 年第三季度报告全文 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------|----- ...

厦门乾照光电股份有限公司 2019 年半年度报告全文 厦门乾照光电股份有限公司 2019 年半年度报告 2019-058 2019 年 08 月 1 厦门乾照光电股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人金张育、主管会计工作负责人彭兴华及会计机构负责人(会计主 管人员)彭兴华声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司需遵守《深圳证券交易所创业板行业信息披露指引第 9 号——上市公 司从事 LED 产业链相关业务》的披露要求 公司在本报告第四节"经营情况讨论与分析"之"十、公司面临的风险和应对 措施"，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关注相 关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 厦门乾照光电股份有限公司 2019 年半年度报告全文 目录 | --- | |------------------------- ...

厦门乾照光电股份有限公司 2019 年第一季度报告全文 厦门乾照光电股份有限公司 2019 年第一季度报告 2019-034 2019 年 04 月 1 厦门乾照光电股份有限公司 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。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | --- | --- | --- | --- | |--------------------|--------------------|--------------------|-----------------------------------| | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 情况说明 | | 商敬军 | 董事 | 个人原因 | 未亲自出席会议，亦未委托 代表出席 | | 刘晓军 | 独立董事 | 个人原因 | 委托独立董事江曙晖出席并 代为表决 | 公司负责人金张育、主管会计工作负责人彭兴华及会计机构负责人(会计主 管人员) ...

厦门乾照光电股份有限公司 2018 年年度报告全文 厦门乾照光电股份有限公司 2018 年年度报告 2019-032 1 2019 年 04 月 厦门乾照光电股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 公司负责人金张育、主管会计工作负责人彭兴华及会计机构负责人(会计主 管人员)彭兴华声明：保证年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次年报的董事会会议 | --- | --- | --- | --- | |--------------------|--------------------|--------------------|-----------------------------------| | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 情况说明 | | 商敬军 | 董事 | 个人原因 | 未亲自出席会议，亦未委托 代表出席 | | 刘晓军 | 独立董事 | ...

Financial Performance - Net profit attributable to shareholders decreased by 50.99% to CNY 27,705,026.36 for the reporting period[7] - Operating revenue declined by 4.68% to CNY 283,466,465.60 for the reporting period[7] - Basic earnings per share fell by 50.00% to CNY 0.04 for the reporting period[7] - The weighted average return on net assets was 0.97%, down by 1.18% compared to the same period last year[7] - Total operating revenue for the period was CNY 283,466,465.60, a decrease of 4.9% compared to CNY 297,384,700.09 in the previous period[50] - Net profit for the period was CNY 27,704,903.53, down 51.0% from CNY 56,526,286.42 in the previous period[52] - Total profit for the third quarter was CNY 7,702,168.92, a decline of 81.7% compared to CNY 41,859,209.84 in the previous year[59] - Operating profit for the third quarter was CNY 7,694,546.21, significantly lower than CNY 42,268,922.32 in the same quarter last year[59] - The net profit for Q3 2018 was CNY 49,605,473.07, a decrease of 52.8% compared to CNY 105,019,273.36 in the same period last year[64] Assets and Liabilities - Total assets increased by 12.78% to CNY 5,963,520,215.42 compared to the end of the previous year[7] - Cash and cash equivalents decreased by 35.19% to ¥1,292,708,645.33 due to the expansion of the Nanchang base project[28] - Inventory increased by 47.80% to ¥407,728,410.70, primarily due to stockpiling for expansion[28] - Long-term equity investments rose by 41.96% to ¥129,558,760.90, attributed to new investments in semiconductor projects[28] - The company's total liabilities increased by 49.62% to ¥711,472,865.20, primarily due to the expansion project[28] - The company's total liabilities increased to CNY 3.11 billion from CNY 2.58 billion, marking an increase of approximately 20.5%[45] - The company's equity attributable to shareholders rose to CNY 2.86 billion from CNY 2.71 billion, reflecting an increase of about 5.3%[45] Shareholder Information - The total number of common shareholders at the end of the reporting period was 46,394[11] - The largest shareholder held 8.34% of the shares, amounting to 60,000,000 shares[11] - The top 10 unrestricted shareholders include Shenzhen Hejun Zhengde Asset Management Co., Ltd. with 60 million shares, accounting for 8.84% of total shares[12] - Wang Weiyong holds 47,823,427 shares, representing 7.03% of total shares[12] - The total number of restricted shares at the beginning of the period was 2,215,000, with no shares released during the period[15] - The company has a structured plan for the release of restricted shares over the next 60 months[16] - The company’s shareholder structure indicates a concentration of ownership among a few key investors[12] Cash Flow and Investments - Net cash flow from operating activities decreased by 30.58% to CNY 178,851,544.38 year-to-date[7] - Cash flow from operating activities generated a net amount of CNY 178,851,544.38, a decline of 30.6% compared to CNY 257,639,003.29 in the previous year[65] - Cash flow from investing activities showed a net outflow of CNY 1,484,168,110.36, worsening from a net outflow of CNY 199,611,386.70 in the previous year[67] - Cash flow from financing activities resulted in a net inflow of CNY 163,876,558.68, compared to CNY 143,087,243.15 in the same period last year[67] - The company reported a total revenue from sales of CNY 787,288,681.71, a decrease from CNY 891,646,925.69 in the previous year[65] Future Outlook and Strategies - The company provided a future outlook, projecting a revenue growth of 10% for the next quarter, driven by new product launches[20] - Market expansion plans include entering two new international markets by the end of 2018, aiming for a 5% market share in each[18] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 200 million CNY earmarked for potential targets[20] - New product launches are expected to contribute an additional 100 million CNY in revenue over the next two quarters[19] Research and Development - Research and development efforts focused on new technologies, with an investment of 50 million CNY allocated for innovation in LED technology[19] - Research and development expenses for the year-to-date period were CNY 50,293,760.18, an increase from CNY 47,140,368.34 in the previous year[59] Operational Challenges - Operating expenses increased by 5% due to higher marketing costs associated with the new product campaigns[20] - The company plans to implement cost-control measures to maintain profitability amid rising operational costs[19] - Financial expenses surged by 136.20% to ¥18,447,003.71, driven by increased interest expenses from bank loans[30] Miscellaneous - The company did not report any significant new product developments or market expansion strategies during the quarter[6] - The company did not conduct any repurchase transactions during the reporting period[13] - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[72]