编号：2018-03 证券代码： 300120 证券简称：经纬电材 天津经纬电材股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------|-------------------------------------------|-------|--------------------------------------------------------| | | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | 平安资产管理有限责任公司：行业分析师 刘博 | | | | 人员姓名 | | | | | 时间 | 2018 年 6 月 15 | | | | 地点 | 公司三楼会议室 | | | | | | | | | 上市公司接待 | | | | | 人员姓名 | 董事会秘书：黄跃军 | | | | 投资者关系活动 | | | ...

编号：2018-02 证券代码： 300120 证券简称：经纬电材 天津经纬电材股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------------------|---------------------------------------------------------------------------------------------| | | | | | 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 （请文字说明其他活动内容） | | 参与单位名称及 | | 华泰证券股份有限公司：中小市值首席研究员 孔凌飞 华泰证券股份有限公司：中小市值分析师 张艺露 | | 人员姓名 | | | | 时间 地点 | 2018 年 5 月 10 公司三楼会议室 | | | 上市公司接待 | | | | 人员姓名 | 董事会秘书：黄跃军 | | | 投资者关系活 ...

证券代码： 300120 证券简称：经纬辉开 天津经纬辉开光电股份有限公司投资者关系活动记录表 编号：2020-05 | --- | --- | --- | |----------------|------------------------------------------------------------|---------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | R | 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 | （电话交流会） | | 参与单位名称及 | 真科基金：曾维江、张聪 前海开源基金：张伟 元民投资：王弘楠 | | | 人员姓名 | 世域投资：李巍 安信证券：马良 | | | 时间 | 2020 年 12 月 31 日 | | | 地点 | 公司会议室 | | | 上市公司接待 | | | | 人员姓名 | 董事长、总经理 ...

天津经纬辉开光电股份有限公司 2022 年第三季度报告 2022 年第三季度报告 证券代码：300120 证券简称：经纬辉开 公告编号：2022-60 天津经纬辉开光电股份有限公司 □是 否 公司是否需追溯调整或重述以前年度会计数据 □是 否 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。 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 期增减 | | 比上年同期增减 | | 营业收入（元） | 860,830,453.25 | -11.62% | 2,152,524,353.11 | -14.61% | | 归属于上市公司股东的净利润 | 20,774,881.62 | -7.86% | 74,602,491.47 | 52.74% | | （元） | | | | | | 归属于上市公司股东的扣除非经 | 19,466,295.66 | 4.77% | 71,516,482.79 | 72.54% | | 常性损益的净利润（元） | | | | | ...

证券代码：300120 证券简称：经纬辉开 公告编号：2022--58 天津经纬辉开光电股份有限公司 关于参加"2022 年度天津辖区上市公司半年报业绩说明会与 投资者网上集体接待日"活动的公告 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。 天津经纬辉开光电股份有限公司（以下简称"公司"）已于 2022 年 8 月 26 日披露了《天津经纬辉开光电股份有限公司半年度报告》。为便于广大投资者更 加深入、全面的了解公司情况，公司定于 2022 年 9 月 6 日（周二）13:40-16:40 参加在全景网举办的"2022 年度天津辖区上市公司半年报业绩说明会与投资者 网上集体接待日"活动。 本次活动将采用网络远程的方式举行，投资者可登陆"全景路演" （http://rs.p5w.net）参与本次互动交流。网上互动交流时间为 2022 年 9 月 6 日（星期二）15:00-16:30。 出席本次互动活动的人员有：董事长、总经理陈建波先生，董事会秘书、副 总经理江海清先生，财务负责人、副总经理蒋爱平先生（如有特殊情况，参与人 员会有调整）。 欢迎广大投资者积极参与 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,291,693,899.86, a decrease of 16.50% compared to CNY 1,546,861,582.30 in the same period last year[25]. - Net profit attributable to shareholders was CNY 53,827,609.85, representing a significant increase of 104.71% from CNY 26,294,846.37 year-on-year[25]. - The net cash flow from operating activities reached CNY 38,321,695.60, a remarkable increase of 1,358.86% compared to CNY 2,626,827.72 in the previous year[25]. - Basic earnings per share rose to CNY 0.1159, up 104.77% from CNY 0.0566 in the same period last year[25]. - The company reported a total comprehensive income of CNY 81,803,391.01, compared to CNY 23,494,294.71 in the first half of 2021, indicating a substantial growth[174]. - The net profit for the first half of 2022 was CNY 60,993,868.47, representing a significant increase of 104.1% compared to CNY 29,864,774.76 in the first half of 2021[174]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,415,973,313.78, an increase of 7.94% from CNY 4,091,108,296.16 at the end of the previous year[26]. - The total liabilities increased to CNY 1,711,997,681.15 from CNY 1,496,402,005.02, which is an increase of about 14.4%[167]. - The company's equity attributable to shareholders rose to CNY 2,594,957,927.05 from CNY 2,507,854,844.18, reflecting an increase of approximately 3.5%[167]. - The company's total current assets reached CNY 2,283,816,408.13, up from CNY 1,925,580,256.06, indicating an increase of about 18.6%[166]. Cash Flow Management - The net cash flow from operating activities increased significantly by 1,358.86% to CNY 38,321,695.60, indicating stronger cash generation from operations[58]. - The financing activities generated a net cash inflow of CNY 117.61 million, significantly higher than CNY 33.08 million in the same period last year, indicating successful capital raising efforts[180]. - The company reported a total cash inflow from operating activities of CNY 664,108,020.60, while cash outflow was CNY 573,076,145.49, resulting in a net cash flow of CNY 91,031,875.11[182]. Business Strategy and Market Position - The company actively expanded market share in the wind power transformer wire and outdoor display sectors, contributing to overall strength[46]. - The company plans to raise funds through a targeted stock issuance for RF module chip R&D and working capital[49]. - The company is recognized as a "specialized, refined, distinctive, and innovative" enterprise in Tianjin, enhancing its competitive edge in electromagnetic wire and reactor fields[48]. - The company plans to continue focusing on market expansion and new product development to drive future growth[172]. Research and Development - Research and development investment was CNY 41,248,584.84, a decrease of 4.82% compared to the previous year, reflecting a focus on cost control[58]. - The company has allocated 2.5 million yuan for research and development in new technologies, aiming to enhance product competitiveness[188]. - The company has allocated 37 million yuan for research and development in new technologies, representing a 15% increase from the previous period[193]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of common shareholders at the end of the reporting period was 30,627[147]. - The largest shareholder, Dong Shulin, holds 8.48% of the shares, totaling 39,399,090 shares[147]. - The company has not experienced any changes in its controlling shareholder during the reporting period[154]. Environmental and Social Responsibility - There were no environmental penalties or violations reported during the reporting period, and the company adheres to environmental protection laws[102]. - The company emphasizes employee health and safety, providing equal development opportunities for staff[107]. - The company has implemented effective measures for waste gas, wastewater, noise, and solid waste management during production[103]. Legal and Compliance Issues - The company is involved in a significant lawsuit with a claim amount of 47 million yuan, which has been executed completely[116]. - Another ongoing lawsuit involves a claim of 30.07 million yuan, with the first trial yet to be held[116]. - The half-year financial report has not been audited[113].

Financial Performance - The company's revenue for Q1 2022 was ¥559,874,198.25, a decrease of 22.24% compared to ¥719,976,569.54 in the same period last year[4] - Net profit attributable to shareholders increased by 111.66% to ¥27,255,137.81, up from ¥12,876,789.41 in the previous year[4] - The basic earnings per share rose by 111.91% to ¥0.0587, compared to ¥0.0277 in the previous year[4] - Net profit for Q1 2022 reached CNY 31,225,058.89, representing a 92.5% increase from CNY 16,242,141.78 in Q1 2021[21] - Earnings per share for Q1 2022 were CNY 0.0587, compared to CNY 0.0277 in the same period last year[22] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, increasing by 377.38% to ¥117,936,520.63, compared to a negative cash flow of ¥42,517,938.56 in the same period last year[4] - The total cash inflow from operating activities for the first quarter was CNY 763,102,808.73, an increase of 2.4% compared to CNY 741,374,236.06 in the previous period[25] - The ending balance of cash and cash equivalents was CNY 280,467,272.38, up from CNY 232,642,250.49 at the end of the previous period[26] - The company's cash and cash equivalents increased to ¥411,519,705.02 from ¥291,138,455.86, representing a growth of approximately 41.3%[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,088,265,834.71, a slight decrease of 0.30% from ¥4,091,108,296.16 at the end of the previous year[4] - The company's total assets amounted to CNY 4,088,265,834.71, slightly down from CNY 4,091,108,296.16 at the end of the previous quarter[19] - Total liabilities decreased to CNY 1,465,616,133.54 from CNY 1,496,402,005.02 in the previous quarter[19] - The company's equity attributable to shareholders increased to CNY 2,531,828,333.13 from CNY 2,507,854,844.18[19] Investment and Income - The company reported a significant increase in investment income by 53.19%, attributed to a reduction in losses from investments accounted for using the equity method[9] - Other income decreased by 34.19%, mainly due to a reduction in fiscal subsidies and related income[9] Operational Efficiency - The company experienced a decrease in contract liabilities by 42.03%, primarily due to a reduction in advance payments received[8] - The company reported a decrease in credit impairment losses by 80.72%, reflecting a reduction in the accounts receivable that required impairment[9] - Research and development expenses for Q1 2022 were CNY 18,618,793.21, a decrease of 7.5% from CNY 20,124,793.99 in Q1 2021[20] Inventory and Current Assets - Accounts receivable decreased to ¥652,221,372.83 from ¥764,609,138.76, a decline of about 14.7%[17] - Inventory rose to ¥592,592,476.44 from ¥521,701,369.67, indicating an increase of approximately 13.6%[17] - The total current assets amounted to ¥1,940,143,739.60, slightly up from ¥1,925,580,256.06, reflecting a growth of about 0.8%[17] Corporate Actions - The company plans to raise funds through a private placement to support the R&D and industrialization of RF module chips and to supplement working capital[14] - The company has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, confirming compliance with issuance and listing conditions[14] Audit and Reporting - The company did not conduct an audit for the first quarter report[27] - The report was released by the board of directors on April 26, 2022[28]

Financial Performance - The company's operating revenue for 2021 was ¥3,305,858,977.52, representing a 6.12% increase compared to ¥3,115,096,153.28 in 2020[22]. - The net profit attributable to shareholders decreased by 45.58% to ¥43,310,555.03 from ¥79,580,137.07 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥24,352,525.35, down 34.30% from ¥37,069,001.31 in 2020[22]. - Basic earnings per share decreased by 45.53% to ¥0.0933 from ¥0.1713 in the previous year[22]. - The total assets at the end of 2021 were ¥4,091,108,296.16, a slight decrease of 0.25% from ¥4,101,520,856.41 at the end of 2020[22]. - The net assets attributable to shareholders increased by 0.81% to ¥2,507,854,844.18 from ¥2,487,604,516.47 in 2020[22]. - The weighted average return on equity was 1.74%, down from 3.22% in the previous year[22]. - The company reported a total of 18,928,345.29 in government subsidies for 2021, which is a decrease from 48,626,827.38 in 2020[27]. - The company’s total revenue for 2021 was approximately ¥3.31 billion, representing a year-over-year increase of 6.12% compared to ¥3.11 billion in 2020[61]. - Revenue from the electromagnetic wire segment increased by 47.64% to ¥822.33 million, up from ¥556.97 million in 2020[61]. - The reactor segment saw a significant growth of 96.49%, with revenue reaching ¥135.20 million compared to ¥68.81 million in the previous year[61]. - The touch display segment experienced a decline of 5.64%, generating ¥2.34 billion, down from ¥2.47 billion in 2020[61]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥157,869,811.19, a 377.40% increase from -¥56,910,780.76 in 2020[22]. - The net cash flow from operating activities reached 88,282,001.12 in Q4, a notable improvement from Q1's negative cash flow of -42,517,938.56[24]. - The net cash flow from investment activities improved by 54.16% year-on-year, attributed to a reduction in investment expenditures[80]. - The net cash flow from financing activities decreased by 143.60% year-on-year, primarily due to increased financing expenditures during the reporting period[81]. - The total investment amount for the reporting period was 0.00, compared to 146,712,415.22 in the same period last year, indicating a 0.00% change[89]. Business Strategy and Market Position - The company plans to focus on new product development and market expansion strategies in the upcoming years[5]. - The company has established itself as a leading manufacturer in the touch display industry, serving major clients such as Walmart and Honeywell, indicating strong market positioning[33]. - The domestic electromagnetic wire industry is highly competitive, with the company focusing on mid-to-high-end products to maintain a competitive edge[34]. - The company is actively expanding into new technologies and products in the power grid and renewable energy sectors, aiming to optimize its product structure and extend its industrial chain[35]. - The company aims to enhance its market competitiveness through ongoing R&D efforts and the introduction of innovative products[76]. - The company is committed to becoming an industry leader in outdoor displays, electromagnetic wires, and high-voltage reactors by capitalizing on new opportunities in the ultra-high voltage power grid construction[109]. Research and Development - The company emphasizes technological innovation and has established a comprehensive R&D management system to enhance product competitiveness[50]. - The company is actively enhancing its innovation capabilities by optimizing product structures and attracting top research talent[58]. - The company's R&D investment in 2021 amounted to ¥90,166,156.36, representing 2.73% of total operating revenue, an increase from 2.67% in 2020[77]. - The number of R&D personnel decreased by 12.60% from 365 in 2020 to 319 in 2021, with the proportion of R&D staff increasing from 14.60% to 15.29%[77]. - The company has completed several R&D projects, including high-temperature self-adhesive wires and new types of flat copper wires, which are expected to improve production processes and product advancement[76]. Governance and Compliance - The company has a board of directors consisting of 9 members, including 3 independent directors, complying with legal and regulatory requirements[122]. - The company maintains independence in business operations, personnel, assets, institutions, and finance, ensuring autonomous operational capabilities[124]. - The company has a clear ownership of assets, including technology, patents, trademarks, and real estate, with complete control over all assets[127]. - The company has established an independent financial department with its own accounting system, managing financial records independently[129]. - The company has a governance structure that includes a board of directors, supervisory board, and various specialized committees to ensure effective checks and balances[128]. - There are no significant discrepancies between the company's governance practices and the regulations set by the China Securities Regulatory Commission[122]. Employee and Management - The company reported a total of 2,086 employees at the end of the reporting period, with 1,362 in production, 429 in technical roles, and 57 in sales[154][155]. - The company implemented a training mechanism to enhance employee skills across various levels, focusing on business skills, internal systems, and safety production[157]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,140.34 million[146]. - The company’s management structure includes a performance evaluation mechanism linking executive compensation to company performance, enhancing accountability and motivation[177]. Shareholder and Profit Distribution - The board approved a profit distribution plan with no cash dividends or bonus shares for shareholders[5]. - The company did not distribute any cash dividends or issue new shares during the reporting period, with a total distributable profit of ¥89,058,369.79[160][161]. - The company’s cash dividend ratio was 0.00%, indicating no cash dividends were distributed[160]. - The decision to not distribute profits is based on the company's strategic development needs and significant operational liquidity requirements, ensuring sustainable growth and better long-term shareholder interests[163]. Environmental and Social Responsibility - The company has implemented effective measures for environmental protection, ensuring compliance with relevant laws and regulations[186]. - The company emphasizes a "people-oriented" approach, focusing on employee health, safety, and satisfaction while ensuring legal rights are protected[192]. - The company actively engages in social responsibility initiatives, including public welfare activities and promoting local economic development[193]. - The company has taken measures to prevent and manage environmental risks, continuously improving and maintaining environmental protection facilities[192]. Future Outlook and Challenges - The company aims to leverage its existing partnerships to enhance market penetration and operational efficiency[137]. - The company is responding to the rapid growth in demand for RF front-end modules driven by advancements in 5G technology and related wireless applications[110]. - The company faces intensified market competition in the touch display industry, which may lead to decreased product sales prices and overall industry profit decline[111]. - A significant portion of the company's revenue comes from overseas markets, with foreign sales managed by subsidiaries in the US and Hong Kong, exposing the company to foreign exchange risks[112].

Financial Performance - The company's revenue for Q3 2021 was ¥974,035,247.81, a decrease of 6.63% compared to the same period last year[4] - Net profit attributable to shareholders was ¥22,546,520.60, down 36.69% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥18,579,813.11, a decline of 40.14% compared to the previous year[4] - Net profit for Q3 2021 was ¥53,511,525.13, a decrease of 33.3% from ¥80,146,825.06 in the same period last year[24] - The company's gross profit margin decreased to 2.0% in Q3 2021 from 2.9% in Q3 2020[23] - Basic earnings per share decreased to 0.1052 from 0.1675 year-over-year[25] - The company's basic earnings per share were ¥0.0485, down 36.71% year-on-year[4] - The weighted average return on equity was 0.90%, a decrease of 0.51% compared to the previous year[4] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,152,682,590.08, an increase of 1.25% from the end of the previous year[4] - The total assets of the company as of Q3 2021 were ¥4,152,682,590.08, slightly up from ¥4,101,520,856.41 at the end of Q3 2020[21] - The total liabilities increased to ¥1,561,101,947.95 from ¥1,535,990,663.22, indicating a rise of 1.6% year-over-year[21] - Total liabilities amounted to CNY 1,535,990,663.22, a slight decrease from CNY 1,551,579,618.15 in the previous period[32] - The total current liability of CNY 1,249,525,764.89, showing a decrease from CNY 1,255,264,453.82[32] - Long-term borrowings were recorded at CNY 100,000,000.00, unchanged from the previous period[32] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥69,587,810.07, an increase of 121.96% compared to the same period last year[4] - Net cash flow from operating activities was 69,587,810.07, a significant improvement from a negative 316,869,024.89 in the previous period[26] - Total cash inflow from operating activities reached 2,383,815,389.65, compared to 1,962,743,125.78 in the same period last year[26] - Cash outflow from investing activities was 101,501,478.02, down from 171,043,580.67 year-over-year[28] - Cash flow from financing activities showed a net outflow of 76,190,903.92, compared to a net inflow of 198,584,805.62 in the previous year[28] - The ending cash and cash equivalents balance was 143,575,051.57, down from 181,038,435.19 year-over-year[28] - The company reported a net cash outflow of 107,463,945.74 for the period, compared to a larger outflow of 292,928,718.17 in the previous year[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 29,047[13] - The top shareholder, Dong Shulin, holds 8.48% of shares, totaling 39,399,090 shares[13] - The top ten shareholders include several entities with significant stakes, such as Yongzhou Furu Investment Co., holding 5.95%[13] - The total number of shares held by the top ten unrestricted shareholders amounts to 27,656,098 shares[13] Strategic Initiatives - The company plans to issue up to 139.34 million shares to specific investors, raising a maximum of 1,031.13 million RMB for RF module chip R&D and working capital[17] - The company has a plan to enhance market expansion through strategic stock issuance[17] Other Financial Metrics - The balance of contract liabilities increased by 105.84%, primarily due to an increase in customer prepayments of ¥8 million[10] - The financial expenses decreased by 36.29% year-on-year, attributed to improved foreign exchange hedging practices[10] - The company reported a 37.24% decline in net profit attributable to the parent company due to losses from subsidiaries and a decrease in non-recurring gains[10] - Research and development expenses increased to ¥67,163,247.51, compared to ¥58,902,378.33 in Q3 2020, representing a growth of 14.3%[23] - The company has implemented new leasing standards affecting the financial statements[29] - The company has an undistributed profit of CNY 305,308,873.95, consistent with the previous reporting period[33] - The report indicates a capital reserve of CNY 1,695,122,659.18, unchanged from the previous period[33] - The company has a total of CNY 77,925,676.72 in minority interests, remaining stable compared to the previous period[33] - The company has a total of CNY 36,590,869.42 in deferred income, consistent with the previous reporting period[32]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,546,861,582.30, representing a 20.30% increase compared to CNY 1,285,796,727.42 in the same period last year[23]. - The net profit attributable to shareholders of the listed company decreased by 37.70% to CNY 26,294,846.37 from CNY 42,207,773.15 in the previous year[23]. - The basic earnings per share decreased by 37.67% to CNY 0.0566 from CNY 0.0908 in the previous year[23]. - The company reported a 4.16% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching CNY 22,490,225.69 compared to CNY 21,591,072.79 in the previous year[23]. - The company achieved operating revenue of CNY 1,546.86 million, a year-on-year increase of 20.30%[50]. - The net profit for the period was CNY 26.29 million, representing a year-on-year decrease of 37.70%[50]. - The company reported a non-recurring net profit of CNY 22.49 million, which is a year-on-year increase of 4.16%[50]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 2,626,827.72, a 100.74% increase from a negative cash flow of CNY -357,022,607.82 in the same period last year[23]. - Cash and cash equivalents at the end of the reporting period amounted to ¥279,013,098.84, representing 6.72% of total assets, a decrease of 1.22% compared to the previous year[62]. - Accounts receivable increased to ¥831,036,195.21, accounting for 20.02% of total assets, up by 1.27% year-on-year[62]. - Inventory rose to ¥711,958,282.50, making up 17.15% of total assets, an increase of 3.36% due to rising material prices and delayed order deliveries[62]. - The company reported a significant decrease in long-term equity investments, down to ¥26,726,816.89, which is 0.64% of total assets, a decline of 3.65% due to loss of significant influence over a subsidiary[62]. - The company's total assets amounted to CNY 2,759,233,347.49, up from CNY 2,654,431,953.31 in the previous year, indicating a growth of 3.9%[182]. Business Operations - The main business involves the R&D, production, and sales of LCD display devices, touch modules, electromagnetic wires, and reactors, with applications in power, automotive, home electronics, medical devices, and industrial control[30]. - The company adopts a "make-to-order" production model, ensuring that raw materials are procured based on customer orders, which include integrated circuits, TFT displays, and flexible circuit boards[31]. - The sales of touch display products are primarily direct sales, with key markets in the United States, Europe (mainly the UK, France, and Germany), and Asia[33]. - The company has a strong position in the high-end electromagnetic wire sector, driven by demand from domestic ultra-high voltage projects[46]. - The company is actively expanding its product types and applications in new energy and civil sectors to strengthen its market position[46]. Research and Development - Research and development expenses rose by 17.99% to CNY 43.34 million, reflecting the company's commitment to innovation[57]. - The company has established a robust R&D management system to enhance product competitiveness and innovation[51]. - Ongoing research and development efforts have led to the introduction of two new technologies, which are anticipated to enhance production efficiency by 30%[107]. - The company is actively engaged in research and development of new technologies to drive future growth[148]. Market and Competition - The company faces intensified market competition in the touch display industry, which may lead to decreased product sales prices and overall profit decline if it fails to adapt to market changes in technology upgrades and quality control[82]. - The overseas sales business, primarily managed by subsidiaries in the US and Hong Kong, accounts for a significant portion of revenue, exposing the company to risks related to political, economic, and regulatory changes in those regions[84]. - The company is expanding into new product lines, including RF front-end modules, which may face risks from industry policies and market competition if not managed effectively[87]. Shareholder and Financial Policies - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has a stable profit distribution policy, actively returning value to investors[115]. - The company has outlined a shareholder return plan for the next three years (2021-2023) to enhance investor confidence[148]. - The company has received approval from the Shenzhen Stock Exchange for the issuance of shares and is currently in the process of responding to inquiries from the exchange[149]. Social Responsibility and Compliance - The company continues to prioritize social responsibility, actively engaging with stakeholders and contributing to community development initiatives[113]. - The company emphasizes environmental protection and sustainable development as part of its corporate strategy[118]. - There were no significant environmental penalties reported during the period, indicating compliance with environmental regulations[110]. - The company has not reported any issues or questions regarding the use and disclosure of raised funds during the reporting period[74].