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].

Financial Performance - The company's revenue for Q1 2021 reached ¥719,976,569.54, representing a 38.28% increase compared to ¥520,681,022.13 in the same period last year[9] - Net profit attributable to shareholders was ¥12,876,789.41, a 7.96% increase from ¥11,927,633.44 year-over-year[9] - The net profit after deducting non-recurring gains and losses was ¥11,065,869.48, up 33.18% from ¥8,309,240.04 in the previous year[9] - Basic earnings per share increased to ¥0.0277, reflecting a 7.78% rise from ¥0.0257 year-over-year[9] - The company achieved total operating revenue of RMB 719.98 million, an increase of 38.28% year-on-year[19] - The net profit attributable to shareholders of the listed company was RMB 128.77 million, up 7.96% year-on-year[19] - The company's operating profit for Q1 2021 was CNY 17,110,396.97, a growth of 9% compared to CNY 15,706,633.59 in Q1 2020[42] - The total profit for Q1 2021 was CNY 17,051,483.13, an increase of 17% from CNY 14,589,841.31 in the same period last year[42] Cash Flow - The net cash flow from operating activities improved significantly to -¥42,517,938.56, a 70.69% improvement from -¥145,060,528.93 in the same period last year[9] - The net cash flow from operating activities was negative at CNY -42,517,938.56, an improvement from CNY -145,060,528.93 in the prior period[51] - The company's cash inflow from operating activities totaled CNY 741,374,236.06, a 60.9% increase compared to CNY 460,812,581.43 in the previous period[50] - The cash outflow for operating activities was CNY 216,248,347.33, compared to CNY 155,349,083.71 in the prior period, marking a 39.2% increase[53] - The company reported a cash inflow from operating activities of CNY 217,327,436.40, significantly higher than CNY 111,975,436.69 in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,157,611,236.36, a 1.37% increase from ¥4,101,520,856.41 at the end of the previous year[9] - Current liabilities rose to ¥1,314,599,698.14, compared to ¥1,249,525,764.89, indicating an increase of approximately 5.2%[34] - The total liabilities amounted to ¥1,582,017,617.50, up from ¥1,535,990,663.22, which is an increase of about 3.0%[34] - The company's total non-current assets were reported at ¥2,136,581,784.82, slightly down from ¥2,147,692,698.10, a decrease of about 0.5%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,329[13] - The top shareholder, Dong Shulin, holds 8.48% of the shares, with a total of 39,399,090 shares, of which 29,549,317 are pledged[13] Investment and Expenses - The company's financial expenses increased by 124.29% year-on-year, mainly due to increased interest expenses from loans, amounting to over RMB 4 million[18] - Research and development expenses increased to CNY 20,124,793.99, up 16% from CNY 17,254,697.29 in the previous year[41] - The company's total operating costs for Q1 2021 were CNY 708,200,183.13, up from CNY 507,738,954.72 in the same period last year[41] Other Comprehensive Income - Other comprehensive income decreased by 304.33% due to significant losses from hedging activities related to copper and aluminum prices, amounting to over RMB 6 million[18] - The company reported a decrease in other comprehensive income, which was -¥9,249,745.92 compared to -¥2,287,653.77 in the previous period[35] - The company reported a decrease in other comprehensive income, with a net amount of CNY -6,962,092.15 compared to CNY 6,600,835.56 in Q1 2020[42] Fundraising and Projects - The total amount of raised funds for changing purposes reached CNY 19,000,000, accounting for 47.75% of the total raised funds of CNY 35,960,850[24] - The project for large-size smart terminal touch display devices has an investment total of CNY 39,792,360, with a completion rate of 81.57% as of March 31, 2021[24] - The company has temporarily supplemented working capital with idle raised funds amounting to CNY 4,000,000, which has been fully returned by September 30, 2020[25]

Financial Performance - The company reported a total revenue of 464,478,294 RMB for the year 2020, with a cash dividend of 0.8 RMB per 10 shares distributed to shareholders[5]. - The company achieved operating revenue of ¥3,115,096,153.28 in 2020, representing a year-on-year increase of 33.56%[18]. - Net profit attributable to shareholders was ¥79,580,137.07, a decrease of 42.11% compared to the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥37,069,001.31, down 71.11% year-on-year[18]. - The company reported a negative net cash flow from operating activities of ¥56,910,780.76, a decline of 144.56% from the previous year[18]. - Basic and diluted earnings per share were both ¥0.1713, down 48.19% from the previous year[18]. - The company’s total operating revenue for the fourth quarter was ¥786,100,839.79, with a net profit of ¥1,756,815.65[20]. - The significant revenue growth was driven by the television module trade business, which generated sales of ¥89,401,980, an increase of ¥74,520,700 year-on-year[34]. - The company’s weighted average return on equity decreased to 3.22% from 6.52% in the previous year[18]. - The company reported a total revenue of 2,468.93 million with a net profit of 94.46 million, reflecting a profit margin of approximately 3.83%[98]. Market Expansion and Product Development - The company plans to expand its market presence and enhance its product offerings, focusing on new technologies and product development in the optoelectronic sector[5]. - The company continues to operate in dual main businesses (electricity + electronic information) without major changes in its main products[28]. - The company is focusing on high-end products in the electromagnetic wire industry, leveraging its core technology and market opportunities to enhance its industry position[39]. - The company is actively expanding into new technologies and product types in the electromagnetic wire sector, responding to increased demand from high-voltage projects[39]. - The company aims to become a leader in the outdoor display sector and the electromagnetic wire field, focusing on niche markets within these industries[105]. - The electronic information sector will see efforts to expand market share in outdoor display areas, including electronic license plates and sunlight screens, to solidify the company's leadership position[108]. Investment and Financial Strategy - The company invested approximately CNY 1 billion in the RF front-end module industry and plans to raise about CNY 1.3 billion through a private placement for further development[55]. - The company has ongoing significant non-equity investments, including ¥190,000,000 in touch display technology[87]. - The company plans to issue up to 139.34 million shares, raising a total of no more than 1.3 billion yuan for RF module chip R&D and working capital[183]. - The company has committed to an investment of 19,000 million yuan in its subsidiary, Changsha Yushun, with 100% of the investment completed by May 7, 2020[92]. - The company has established a strong market presence in the touch display industry, benefiting from a complete domestic supply chain and competitive pricing[37]. Challenges and Risks - The non-net profit decreased significantly due to the impact of the pandemic, resulting in a slight decline in sales revenue and overall sales prices of touch, display, and module products[35]. - The gross profit margin of touch, display, and module products declined significantly due to a substantial increase in the prices of key raw materials, particularly panels[35]. - The company faced challenges such as increased raw material costs and tariffs, which negatively impacted profit margins, particularly in the touch and display product lines[54]. - The company faces significant risks from macroeconomic factors, particularly due to its high revenue dependency on exports to the U.S., which could be affected by trade tensions and economic fluctuations[110]. - The competitive landscape in the touch display industry is intensifying, with increased production capacity and technological advancements from competitors potentially impacting the company's market position[111]. Shareholder Returns and Dividends - The board of directors has approved a profit distribution plan, indicating a commitment to returning value to shareholders while maintaining capital for growth initiatives[5]. - The company reported a cash dividend of 0.8 yuan per 10 shares, totaling 37,158,263.52 yuan, which accounts for 43.33% of the total distributable profit of 85,747,373.98 yuan[121]. - The cash dividend payout ratio for 2020 was 46.69% of the net profit attributable to shareholders[125]. - The company has consistently provided cash dividends over the past three years, reflecting a commitment to shareholder returns[125]. - The total cash dividends distributed in 2020 were 37,158,263.52 yuan, which is a decrease from the previous year's distribution[125]. Corporate Governance and Compliance - The company has committed to not engaging in any business that directly or indirectly competes with its main operations[130]. - The company has not reached any arrangements or agreements regarding the divestiture of its existing business and assets with the transaction counterparties[128]. - The company has committed to ensuring that any related transactions do not harm the legal rights of the listed company and its shareholders[131]. - The company has maintained a continuous relationship with the auditing firm Xinyong Zhonghe for 12 years, with an audit fee of 910,000 RMB[138]. - The company has not reported any major litigation or arbitration matters during the reporting period[139]. Research and Development - Research and development expenses for the year were ¥83,272,492.06, representing an increase of 4.79% from 2019[76]. - The number of R&D personnel was 365, representing 14.60% of the total workforce[77]. - Increased investment in R&D and technology innovation is prioritized to accelerate new product development and upgrade, consolidating the company's leading position in LCD displays, touch screens, electromagnetic wires, and reactors[109]. Social Responsibility and Environmental Compliance - The company has actively fulfilled its social responsibilities while creating value for shareholders[174]. - The company donated 1 million yuan to support COVID-19 prevention efforts in hospitals located in areas where it operates[179]. - The company does not belong to the list of key pollutant discharge units and adheres to environmental protection laws[181]. - The company has implemented effective measures for waste gas, wastewater, noise, and solid waste management during production[182]. - The company emphasizes employee rights protection and adheres to labor laws, ensuring a safe and healthy work environment[178].

Financial Performance - Operating revenue for the period reached CNY 1,043,198,586.07, a 49.00% increase year-on-year[8] - Net profit attributable to shareholders decreased by 15.27% to CNY 35,615,548.27 compared to the same period last year[8] - Basic earnings per share decreased by 24.13% to CNY 0.0767[8] - Operating revenue for the reporting period grew by 38.93% year-on-year, with significant sales to Element TV Company, LP generating approximately 710.05 million yuan[21] - Total operating revenue for Q3 2020 reached ¥1,043,198,586.07, a significant increase of 49% compared to ¥700,136,812.23 in Q3 2019[43] - Net profit for Q3 2020 was ¥35,807,072.34, a decrease of 10% from ¥39,935,960.99 in Q3 2019[45] - The company's operating revenue for the third quarter was CNY 171,955,247.50, an increase of 29.7% compared to CNY 132,602,690.47 in the same period last year[48] - The net profit for the third quarter was CNY 3,444,154.91, up from CNY 1,721,620.36, representing a year-on-year increase of 100.3%[49] - The total comprehensive income for the third quarter was CNY 40,026,020.86, compared to CNY 54,788,212.34 in the previous year, indicating a decrease of 27.0%[49] Assets and Liabilities - Total assets increased by 10.60% to CNY 4,057,678,588.48 compared to the end of the previous year[8] - As of September 30, 2020, the company's total assets amounted to CNY 4,057,678,588.48, an increase from CNY 3,668,852,707.34 at the end of 2019, reflecting a growth of approximately 10.6%[35] - The company's total liabilities reached CNY 1,489,509,063.92, up from CNY 1,141,285,160.74, which is an increase of about 30.5%[37] - The total liabilities increased to ¥337,708,930.48 in Q3 2020 from ¥187,198,348.40 in Q3 2019, representing an increase of 80%[41] - The company's cash and cash equivalents decreased to CNY 242,511,044.87 from CNY 523,848,226.03, representing a decline of about 53.7%[35] - The company's cash and cash equivalents at the end of the period decreased to CNY 96,424,014.91 from CNY 417,074,091.19[67] Cash Flow - The net cash flow from operating activities was CNY 40,153,582.93, a slight decrease of 0.63%[8] - The net cash flow from operating activities decreased by 428.29% year-on-year, largely due to increased accounts receivable and cash outflows from raw material purchases[21] - The cash flow from operating activities reflects a strong recovery trend, indicating improved operational efficiency[66] - The net cash flow from operating activities was negative at CNY -316,869,024.89, worsening from CNY -59,980,253.12 year-over-year[62] - Operating cash inflow for the period reached CNY 609,443,792.05, a significant increase from CNY 430,612,526.51 in the previous period[65] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,578[12] - The top shareholder, Dong Shulin, holds 8.48% of the shares, amounting to 39,399,090 shares[12] - The company completed the repurchase and cancellation of 278,317 shares of restricted stock at a price of 4.338745 yuan per share[23] Investments and Future Outlook - The company plans to invest in Tianjin Nuo Si Micro Systems Co., Ltd. as approved in recent shareholder meetings[24] - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products and technologies were not detailed in the report[31] - Future outlook includes strategic initiatives aimed at improving operational efficiency and exploring potential mergers and acquisitions to drive growth[31] - The company plans to continue investing in new product development and market expansion strategies to drive future growth[49] Financial Adjustments and Standards - The company has implemented new revenue and leasing standards starting from 2020, necessitating adjustments to the financial statements[68] - The company is adapting to new revenue and leasing standards, which may impact future financial reporting and performance metrics[77]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,285,796,727.42, representing a 31.71% increase compared to ¥976,211,078.69 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥42,207,773.15, a decrease of 4.34% from ¥44,122,071.05 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥21,591,072.79, down 48.06% from ¥41,566,147.18 in the same period last year[19]. - The net cash flow from operating activities was -¥357,022,607.82, a decline of 519.66% compared to ¥85,073,780.52 in the previous year[19]. - Basic earnings per share decreased by 19.43% to ¥0.0908 from ¥0.1127 in the same period last year[19]. - The company reported a total comprehensive income of CNY 45,400,668.77, compared to CNY 32,813,176.86 in the first half of 2019, reflecting improved overall performance[178]. - The net profit for the first half of 2020 was CNY 28,453,718.21, an increase of 25% compared to CNY 22,793,325.84 in the first half of 2019[182]. - The total profit for the first half of 2020 reached CNY 28,940,668.98, up from CNY 22,098,380.22 in the previous year, marking an increase of approximately 31.1%[181]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,050,699,640.66, an increase of 10.41% from ¥3,668,852,707.34 at the end of the previous year[19]. - The company's total liabilities increased to CNY 1,513,288,297.60 from CNY 1,141,285,160.74, marking an increase of approximately 32.6%[169]. - The company's equity attributable to shareholders rose slightly to CNY 2,459,650,469.55 from CNY 2,451,938,652.66, a marginal increase of about 0.3%[170]. - The non-current liabilities increased significantly to CNY 376,584,523.24 from CNY 153,713,069.07, representing a growth of approximately 144.5%[169]. Revenue Sources - Sales to Element TV Company, LP contributed approximately 352.71 million CNY in revenue, compared to 0 CNY in the same period last year[33]. - The television components business generated revenue of ¥352,708,579.62, marking a 100% increase as it was not present in the previous year[58]. - The company achieved operating revenue of 1,285.80 million CNY, a year-on-year increase of 31.71%[33]. Research and Development - Research and development expenses rose by 14.18% to ¥36,730,788.41, indicating a continued investment in innovation[55]. - The company has established a joint R&D center with Hunan University to strengthen its technological capabilities[43]. - Research and development expenses for the first half of 2020 were CNY 36,730,788.41, an increase of 14.0% from CNY 32,168,714.57 in the same period of 2019[176]. Market and Competition - The company operates in dual main businesses: electric power and electronic information, focusing on LCD display devices and touch modules[27]. - The domestic electromagnetic wire industry is highly competitive, with the company focusing on mid-to-high-end products to maintain a leading position[36]. - The company faces intensified market competition in the touch display industry, which may lead to declining product sales prices and overall industry profits[83]. Cash Flow and Financing - The company reported a significant increase in financing cash flow, which reached ¥231,007,089.70, a rise of 2,167.19% due to increased loans[55]. - The company reported a net cash flow from operating activities of CNY -357,022,607.82 for the first half of 2020, a significant decline compared to CNY 85,073,780.52 in the same period of 2019[186]. - Cash inflow from financing activities was 130,000,000.00 CNY in 2020, compared to 9,552,000.00 CNY in 2019, showing a substantial increase of approximately 1,262.5%[190]. Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[195]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[195]. - The company has established a new strategic initiative focused on sustainability and reducing operational costs by 30% over the next three years[195]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,957[145]. - The largest shareholder, Dong Shulin, holds 8.48% of shares, totaling 39,399,090 shares[145]. - The company has not implemented any share repurchase plans during the reporting period[141]. Risks and Challenges - The company faces macroeconomic risks, particularly from the US-China trade tensions, which could impact its revenue from US customers[81]. - The global pandemic poses significant challenges to economic growth, prompting the company to enhance its core product competitiveness and reduce reliance on the US market[82]. - Overseas sales account for a significant portion of the company's revenue, with major markets including the United States, Europe, and Asia, exposing the company to foreign exchange risks[85].

Financial Performance - Total revenue for Q1 2020 was CNY 520,681,022.13, representing a 21.31% increase compared to CNY 429,203,929.28 in the same period last year[7]. - Net profit attributable to shareholders decreased by 35.13% to CNY 11,927,633.44 from CNY 18,387,428.50 year-on-year[7]. - Net profit after deducting non-recurring gains and losses fell by 47.40% to CNY 8,309,240.04 compared to CNY 15,796,318.41 in the previous year[7]. - Basic earnings per share decreased by 58.62% to CNY 0.0257 from CNY 0.0621 year-on-year[7]. - The company reported a net profit margin of approximately 2.0% for Q1 2020, down from 2.5% in Q1 2019[51]. - The net profit for Q1 2020 was CNY 13,086,256.67, down 25.5% from CNY 17,598,256.99 in Q1 2019[52]. - The total profit for Q1 2020 was CNY 14,589,841.31, a decline of 27.5% compared to CNY 20,074,371.66 in the previous year[52]. - The comprehensive income total for Q1 2020 was CNY 19,687,092.23, an increase from CNY 12,261,644.55 in the same period last year[53]. Cash Flow and Liquidity - Operating cash flow turned negative with a net outflow of CNY 145,060,528.93, a decline of 310.88% from a positive cash flow of CNY 68,787,093.63 in the same period last year[7]. - The company’s cash flow from operating activities decreased by 310.88%, mainly due to a reduction of approximately RMB 120 million in cash inflow from sales[18]. - The company reported a cash flow from operating activities of CNY 429,119,597.25, down from CNY 542,273,799.58 in the previous year[58]. - The company experienced a net increase in cash and cash equivalents of -101,787,679.54 CNY, contrasting with an increase of 67,295,927.08 CNY in the prior year[60]. - Cash and cash equivalents decreased from CNY 523.85 million at the end of 2019 to CNY 436.73 million by March 31, 2020[42]. - The cash and cash equivalents at the end of the period amounted to 372,179,473.82 CNY, down from 274,831,796.07 CNY in the previous year[60]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,722,155,489.91, an increase of 1.45% from CNY 3,668,852,707.34 at the end of the previous year[7]. - Total liabilities amounted to CNY 1,193,559,224.78, compared to CNY 1,141,285,160.74 in the previous year, reflecting an increase of 4.6%[45]. - The total liabilities to equity ratio increased to 0.49 from 0.45, indicating a higher leverage position[45]. - The company reported total liabilities of CNY 1,141,285,160.74, with current liabilities totaling CNY 987,572,091.67[67]. - The company has long-term receivables of CNY 100,966,368.98 and deferred income of CNY 33,810,613.94[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,968[11]. - The largest shareholder, Dong Shulin, holds 8.48% of the shares, amounting to 39,399,090 shares[11]. - Net assets attributable to shareholders slightly decreased by 0.01% to CNY 2,451,808,561.44 from CNY 2,451,938,652.66 at the end of the previous year[7]. Operational Challenges and Market Conditions - The net profit attributable to shareholders decreased by 35.13% to RMB 119.28 million, primarily due to delays in the delivery of high-margin touch display products caused by the global pandemic[18]. - The company faced operational impacts due to the COVID-19 pandemic but continued to focus on its annual business plan and financial management[22]. - The company has a significant reliance on exports to the US, which poses potential risks if macroeconomic conditions change or trade tensions escalate[23]. - The company is exposed to intensified market competition due to increased production capacity and technological advancements by domestic competitors[24]. - The company is enhancing its product competitiveness and expanding its market presence in Europe and domestically to reduce dependence on the US market[23]. Investment and Development - The company plans to enhance its market share in the electromagnetic wire and reactor business due to opportunities from the new round of ultra-high voltage power grid construction[21]. - The company adjusted its fundraising project scale and usage, which was approved in the 2019 annual shareholders' meeting[30]. - Cumulative investment in the project of large-size smart terminal touch display devices reached CNY 10,830.03 million, representing 52.09% of the planned investment[35]. - The investment scale for the large-size smart terminal touch display project was reduced from CNY 74,946.93 million to CNY 20,958.09 million[36]. Research and Development - Research and development expenses increased to CNY 17,254,697.29, representing a rise of 19.9% from CNY 14,435,569.77 in Q1 2019[51]. - The company emphasizes the importance of retaining core technical personnel to maintain its competitive edge in technology-intensive sectors[27]. Risk Management - The company is implementing measures to mitigate foreign exchange risks, including optimizing market structures and managing receivables[26]. - The company has a high proportion of overseas sales, which subjects it to foreign exchange risks, particularly with USD, JPY, and HKD[25]. - The company is expanding rapidly, which increases management complexity and necessitates improvements in internal controls and risk management[28].

Financial Performance - The company's operating revenue for 2019 was CNY 2,332,307,829.73, representing a year-on-year increase of 13.07%[17]. - The net profit attributable to shareholders for 2019 was CNY 137,462,172.54, a growth of 2.12% compared to the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 128,329,009.10, showing a decrease of 9.15% from 2018[17]. - The net cash flow from operating activities reached CNY 127,722,992.26, an increase of 18.96% year-on-year[17]. - The total assets at the end of 2019 amounted to CNY 3,668,852,707.34, up 27.94% from the previous year[17]. - The total equity attributable to shareholders was CNY 2,451,938,652.66, reflecting a growth of 28.07% compared to the end of 2018[17]. - The company reported a basic earnings per share of CNY 0.3306, down 5.16% from the previous year[17]. - The company achieved a total revenue of 2,332.31 million yuan, representing a year-on-year growth of 13.07%[55]. - The net profit attributable to shareholders was 137.46 million yuan, showing a year-on-year increase of 2.12%[55]. Risk Management - The company emphasizes the importance of risk awareness in its future development outlook, detailing potential risks and countermeasures in the report[4]. - The company has a significant reliance on exports to the US, which poses potential risks if macroeconomic conditions change or trade tensions escalate[118]. - The company is implementing measures to mitigate foreign exchange risks, including optimizing market structure and managing accounts receivable more effectively[123]. Market Expansion and Product Development - The company is focused on expanding its market presence and developing new products and technologies, although specific figures were not disclosed in the provided content[4]. - The company is actively developing new products and technologies, including high-voltage and large-capacity reactors, to meet the growing demand in the power sector[40]. - The company has established a subsidiary in the United States, New Vision Display, Inc., to enhance its international presence[9]. - The company is focusing on expanding its product types and optimizing its product structure to capture new market opportunities in the power grid and renewable energy sectors[36]. - The company launched the industry's first large-size outdoor sunlight screen that displays clearly under strong sunlight with low power consumption[60]. Acquisitions and Investments - The company acquired 100% equity of Changsha Yushun Display Technology Co., Ltd., enhancing production capacity and addressing capacity bottlenecks[58]. - The company established a new production base in Malaysia to mitigate trade friction risks and better meet customer demands[58]. - The company completed a non-public offering, raising 403.76 million yuan to support future development[56]. - The company plans to use CNY 190 million to increase capital in its wholly-owned subsidiary, Changsha Yushun Display Technology Co., Ltd., to support its daily operations and debt repayment[100]. Research and Development - The company has filed for 6 national patents in the electromagnetic wire field, including 1 invention patent and 6 utility model patents during the reporting period[46]. - The company achieved significant advancements in R&D, including the development of a new type of dual-stable LCD driver control circuit and a seamless bonding process for capacitive touch screens[77]. - The company completed 20 R&D projects in the electromagnetic wire and reactor fields, with several achieving mass production[78]. - The company plans to enhance its R&D capabilities by increasing investment and hiring specialized technical personnel[65]. Corporate Governance and Compliance - The board of directors confirmed that all members attended the meeting to review the annual report, ensuring the accuracy and completeness of the financial report[3]. - The company has ensured compliance with legal regulations to protect the interests of minority shareholders[149]. - The company did not face any major litigation or arbitration matters during the reporting period[160]. - The company has not reported any significant differences between the committed and actual profit figures for the year 2019[151]. Shareholder Returns - The company reported a total distributable profit of CNY 101,191,556.83 for the year, with a proposed cash dividend of CNY 1 per 10 shares, totaling CNY 46,475,661.10[130]. - The company declared cash dividends of 46,475,661.10 yuan for the year 2019, representing 33.81% of the net profit attributable to ordinary shareholders[133]. - The company has consistently distributed dividends over the past three years, with the latest proposal reflecting a commitment to shareholder returns while balancing operational needs[131]. Social Responsibility and Environmental Practices - The company actively fulfills its social responsibilities and maintains a stable profit distribution policy for shareholders[186]. - The company adheres to environmental protection laws and promotes sustainable development practices[190]. - The company has not identified any major environmental pollution issues and adheres to sustainable practices in its production processes[194]. Internal Control and Management - The company is committed to improving its internal control systems and management efficiency to reduce operational costs[115]. - The rapid expansion of the company's scale has increased management complexity, necessitating improvements in internal controls and management systems[125].

Financial Performance - Operating revenue for the period was ¥700,136,812.23, representing a 29.69% increase compared to the same period last year[7]. - Net profit attributable to shareholders was ¥42,034,139.05, a 4.77% increase year-over-year[7]. - Net profit excluding non-recurring gains and losses was ¥40,406,884.42, up 2.79% from the previous year[7]. - Basic earnings per share decreased by 2.51% to ¥0.1011[7]. - The weighted average return on equity was 1.90%, down 0.31% from the previous year[7]. - Total operating revenue for the current period reached ¥700,136,812.23, a 29.6% increase from ¥539,866,030.60 in the previous period[37]. - Total operating costs amounted to ¥652,226,404.92, up 32.2% from ¥493,423,554.56 in the prior period[37]. - Net profit for the current period was ¥39,935,960.99, compared to ¥39,345,484.48 in the previous period, reflecting a growth of 1.5%[38]. - The company reported a total profit of ¥46,531,032.42, an increase from ¥46,188,288.88 in the previous period[38]. - The total comprehensive income for the current period was ¥54,788,212.34, compared to ¥50,874,819.76 in the previous period, reflecting an increase of 7.5%[39]. - Net profit for the current period was ¥82,155,129.08, a decrease of 14.8% from ¥96,457,538.88 in the same period last year[46]. - The company reported a total comprehensive income of ¥87,601,389.20, down 20.1% from ¥109,715,017.30 in the prior year[47]. Assets and Liabilities - Total assets increased to ¥3,453,851,841.72, up 20.44% from the previous year[7]. - Net assets attributable to shareholders reached ¥2,394,459,578.57, reflecting a growth of 25.07% year-over-year[7]. - Non-current assets totaled CNY 1,573,969,744.82, an increase from CNY 1,545,526,773.60, reflecting a growth of about 1.8%[30]. - Current liabilities rose to CNY 931,395,162.15, compared to CNY 817,331,097.81, indicating an increase of approximately 13.9%[29]. - Short-term borrowings rose by 43.29%, reflecting an increase of 147 million RMB in bank loans[18]. - Owner's equity reached CNY 2,473,109,348.40, up from CNY 1,998,226,896.01, showing an increase of approximately 23.7%[30]. - Cash and cash equivalents surged to CNY 422,056,783.19 from CNY 101,123,870.53, representing a growth of about 317.5%[32]. - Accounts receivable increased to CNY 154,402,104.51 from CNY 93,043,460.36, reflecting a rise of approximately 65.8%[32]. - Inventory levels rose to CNY 70,826,785.15 from CNY 42,808,646.48, indicating an increase of about 65.5%[32]. Cash Flow - The company reported a net cash flow from operating activities of -¥59,980,253.12, a significant decline of 426.59%[7]. - The net cash flow from operating activities decreased by 426.59% compared to the same period last year, as most receivables are due in the fourth quarter despite an increase in revenue of 160 million RMB[19]. - Cash inflow from financing activities was CNY 722,550,076.25, significantly up from CNY 300,484,422.26 in the previous period, marking an increase of 140.36%[55]. - Cash and cash equivalents at the end of the period totaled CNY 480,012,770.52, compared to CNY 189,039,400.78 at the end of the previous period, reflecting a growth of 153.57%[55]. - The total cash outflow for operating activities was CNY 1,724,444,606.36, compared to CNY 1,491,974,028.39 in the previous period, reflecting an increase of 15.59%[54]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,127[10]. - The largest shareholder, Dong Shulin, holds 8.48% of the shares, totaling 39,399,090 shares[10]. Investments and Acquisitions - The company completed the non-public issuance of shares and received approval from the China Securities Regulatory Commission during the reporting period[20]. - The company acquired 100% equity of Changsha Yushun Display Technology Co., Ltd. for an assessed value of 44.3564 million RMB, completing the industrial change procedures[20].