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].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2019, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[22]. - The total operating revenue for the reporting period was CNY 976,211,078.69, an increase of 1.26% compared to the same period last year[23]. - The net profit attributable to shareholders was CNY 44,122,071.05, a decrease of 15.42% year-on-year[23]. - The company achieved operating revenue of 976,211,078.69 RMB, a year-on-year increase of 1.26%[50]. - The net profit attributable to shareholders was 4,412.21 million RMB, a decrease of 15.42% compared to the same period last year[50]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2019, representing a year-on-year growth of 20%[95]. - The company achieved a net profit of RMB 15,349.27 million for the reporting period, which did not meet the performance commitment levels set previously[99]. - The total comprehensive income for the first half of 2019 was CNY 21,267,793.31, compared to CNY 31,367,122.84 in the same period of 2018, indicating a decrease of approximately 32.2%[185]. - The total comprehensive income for the period was 204 million yuan, representing a decrease of 39% compared to the previous period[195]. Research and Development - The company plans to invest RMB 100 million in R&D for new product development in the next fiscal year, focusing on high-voltage transmission materials[22]. - The company invested 32,168,714.57 RMB in R&D, a slight decrease of 1.52% year-on-year[56]. - The company has invested in R&D for new products and technologies in smart home, smart automotive, and smart city sectors[79]. - The company has established a product technology research institute to focus on future market demands and new product development[45]. - The company plans to enhance its core competitiveness and reduce reliance on the US market by strengthening sales in Europe and domestically[81]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% market share in the region by 2021[22]. - User data indicates a 25% increase in customer base, reaching 10,000 active users by the end of June 2019[22]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2020[96]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's production capacity by 30%[97]. - The company plans to continue expanding its market presence and invest in new technologies[197]. Financial Management and Investments - No cash dividends or stock bonuses will be distributed to shareholders for this fiscal year[7]. - The company plans to repurchase and cancel 194,985 restricted shares, which will change the registered capital to CNY 392,006,611[23]. - The company has committed to several investment projects, including a high-voltage aluminum wire expansion project with a total investment of RMB 88,620,000, which is 76.7% completed[66]. - The company is in the process of a non-public stock issuance, with a maximum of 77,985,459 shares to be issued, aiming to raise up to 600,000,000 CNY for the development of large-size smart terminal touch display projects[133]. - The company has utilized 25.45 million RMB of raised funds for various purposes, including repaying bank loans and supplementing working capital[68]. Risks and Challenges - The company has identified risks related to raw material price fluctuations and is implementing measures to mitigate these risks[6]. - The company is facing risks from macroeconomic fluctuations and trade tensions, particularly with the US, and is taking measures to mitigate these risks[81]. - The rapid pace of new product and technology updates in the electronics industry poses a risk of product obsolescence if core technologies are not upgraded in time[83]. - The touch display industry is experiencing intensified competition, with many companies raising funds for production line expansion and technology upgrades, which may negatively impact the company's market competitiveness[84]. - The company faces operational risks if product sales do not meet expectations while fixed costs continue to rise, prompting a need for careful financing plans[82]. Shareholder and Governance Matters - The company has made commitments regarding shareholding and control, ensuring stability in its governance structure for the next 60 months[90]. - The controlling shareholders have committed to not increase their holdings in Jingwei Electric Materials within 60 months after the transaction completion[94]. - The company has confirmed that there are no plans to sell existing business and assets as of the report date[92]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[72][73]. - The company has not faced any major litigation or arbitration matters during the reporting period[104]. Environmental and Social Responsibility - The company has implemented effective measures for environmental protection and adheres to relevant laws and regulations during its production processes[129]. - The company has upgraded its equipment to ensure compliance with environmental standards and prevent occupational diseases[131]. - The company has not conducted any targeted poverty alleviation work during the reporting period and has no subsequent plans[132].

Financial Performance - Total revenue for Q1 2019 was ¥429,203,929.28, a decrease of 8.31% compared to ¥468,113,521.66 in the same period last year[7] - Net profit attributable to shareholders was ¥18,387,428.50, down 19.88% from ¥22,948,695.36 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥15,796,318.41, a decline of 27.02% compared to ¥21,644,735.75 in the previous year[7] - Basic and diluted earnings per share were both ¥0.0621, down 20.28% from ¥0.0779 in the previous year[7] - The total profit was ¥20,074,371.66, down 25.24% compared to the previous year[19] - Net profit attributable to shareholders was ¥18,387,428.50, reflecting a decline of 19.88% year-on-year[19] - Total operating revenue for the current period is $429.20 million, down from $468.11 million in the previous period, representing a decrease of approximately 8.5%[47] - Net profit for the current period is $17.60 million, compared to $23.95 million in the previous period, reflecting a decline of approximately 26.5%[48] - The company reported a total profit of $20.07 million, down from $26.85 million, indicating a decrease of approximately 25.3%[48] Cash Flow - Net cash flow from operating activities reached ¥68,787,093.63, a significant increase of 3,744.70% from -¥1,887,320.83 in the same period last year[7] - Cash flow from operating activities increased by 3744.7% year-on-year, primarily due to an increase in cash inflow of approximately ¥70 million[17] - The net cash flow from operating activities for Q1 2019 was ¥68,787,093.63, a significant improvement compared to a negative cash flow of ¥1,887,320.83 in Q1 2018, indicating a recovery in operational performance[54] - Total cash inflow from operating activities reached ¥595,887,436.57, up from ¥480,416,732.59 in the previous year, reflecting a year-over-year increase of approximately 24%[54] - Cash outflow from operating activities was ¥527,100,342.94, compared to ¥482,304,053.42 in the same period last year, resulting in a net cash flow increase of 36%[54] - The net cash flow from investing activities was negative at ¥17,338,434.56, an improvement from a negative cash flow of ¥29,125,630.59 in Q1 2018[55] - Cash inflow from financing activities totaled ¥69,808,881.43, slightly down from ¥70,042,662.26 in the previous year, indicating stable financing operations[55] - The net cash flow from financing activities was ¥16,500,016.16, a decrease from ¥60,462,098.43 in Q1 2018, suggesting a shift in financing strategy[55] - The ending balance of cash and cash equivalents increased to ¥274,831,796.07, up from ¥192,178,719.34 in the previous year, marking a growth of approximately 43%[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,842,300,665.49, a decrease of 0.88% from ¥2,867,596,581.62 at the end of the previous year[7] - Current liabilities decreased from CNY 817,331,097.81 to CNY 773,357,040.54, a reduction of about 5.38%[40] - The company's total liabilities decreased from CNY 869,369,685.61 to CNY 824,700,800.30, a decline of about 5.14%[40] - The total non-current assets slightly decreased from CNY 1,545,526,773.60 to CNY 1,536,806,215.20, a decline of approximately 0.45%[39] - The company's retained earnings increased from CNY 182,012,552.24 to CNY 200,399,980.74, reflecting a growth of about 10.00%[41] Shareholder Information - The company had a total of 14,143 common shareholders at the end of the reporting period[11] - The largest shareholder, Dong Shulin, held 10.10% of the shares, amounting to 39,399,090 shares[11] Strategic Initiatives - The company plans to continue promoting non-public stock issuance and actively prepare for the selection of subscribers and roadshows[20] - The company aims to enhance product quality and improve production line processes to capture market opportunities[20] - The company is focusing on reducing dependence on the U.S. market by strengthening sales efforts in Europe and domestically[21] - The company intends to implement stock incentives to attract and retain talented personnel, proposing to grant 2,274,300 restricted stocks to 15 key employees[20] - The company is actively preparing for a non-public stock issuance, which has been approved by the China Securities Regulatory Commission, but is still awaiting written approval[26] Risk Management - The company faces risks from market competition due to the increasing number of potential entrants, which may lead to price declines and overall profit reductions[22] - The company is implementing strategies to mitigate foreign exchange risks, including optimizing overseas sales market structure and managing accounts receivable[23] - The company has experienced rapid expansion, leading to increased management complexity and higher demands for internal controls and risk management[23] - The company is enhancing its internal control systems to effectively manage risks associated with its expanding scale[23] Compliance and Governance - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[28] - The company has not changed the use of raised funds during the reporting period, maintaining a zero change in purpose[30] - The company has no violations regarding external guarantees during the reporting period[33] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34] - The company has not undergone an audit for the first quarter report, indicating it is unaudited[65] - The company has implemented new financial instrument and lease standards, but it is not applicable for retrospective adjustments[65]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2018, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[12]. - The company's operating revenue for 2018 was ¥2,062,642,336.60, representing a 132.12% increase compared to ¥888,612,677.84 in 2017[17]. - Net profit attributable to shareholders for 2018 was ¥134,608,509.42, a 140.49% increase from ¥55,973,760.33 in 2017[17]. - The net cash flow from operating activities reached ¥107,365,291.42, marking a significant increase of 519.46% from ¥17,332,175.89 in 2017[17]. - The total assets at the end of 2018 amounted to ¥2,867,596,581.62, which is a 7.16% increase from ¥2,676,005,097.95 at the end of 2017[17]. - The company reported a basic earnings per share of ¥0.3486 for 2018, up 36.71% from ¥0.2550 in 2017[17]. - The company achieved operating revenue of 2,062.64 million yuan, a year-on-year increase of 132.12%[30]. - Net profit attributable to shareholders reached 134.61 million yuan, up 140.49% year-on-year, primarily due to the full consolidation of the subsidiary Xinhuikai's financial statements[30]. - The company reported a total revenue of 1,470,430,000 CNY and a net profit of 137,926,114 CNY for the reporting period[87]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares, totaling approximately RMB 39.22 million[4]. - The board proposed a cash dividend of 1.00 CNY per 10 shares for 2018, totaling 39,220,159.60 CNY, with remaining undistributed profits of 58,307,333.80 CNY to be carried forward[108]. - The cash dividend payout ratio for 2018 was 29.14% of the net profit attributable to shareholders, while in 2017 it was 105.24%[110]. - The company did not distribute any profits in 2016, retaining 64,020,109.11 CNY for future business development[108]. - The cash dividends for the past three years reflect a strategic approach to balancing shareholder returns and reinvestment in the company[110]. Research and Development - Investment in R&D increased by 30% in 2018, focusing on new technologies in optoelectronic materials[12]. - The company’s R&D focus includes liquid crystal displays and touch modules, with a significant expansion in product offerings following the acquisition of New Hui Kai Technology[26]. - The company has a stable core technology team and invests significantly in R&D to enhance product performance and core competitiveness[40]. - The company’s R&D investment amounted to ¥66,983,866.19 in 2018, representing 3.25% of its operating revenue[65]. - The number of R&D personnel increased to 352, accounting for 14.98% of the total workforce[65]. - The company developed 464 new samples, with 31 already in mass production, including new products for automotive applications[61]. Market Expansion and Strategy - The company has outlined a future outlook projecting a revenue growth of 10-15% for 2019, driven by new product launches and market expansion[12]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 5% market share by 2020[12]. - A strategic acquisition of a local competitor is under consideration to enhance market presence and product offerings[12]. - The company has initiated a new strategy to enhance online sales channels, aiming for a 20% increase in e-commerce revenue in 2019[12]. - The company is actively developing new products such as electronic license plates and charging piles to foster future growth[40]. Risks and Challenges - The company identified potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[4]. - The company faces intensified market competition, with many firms increasing production capacity and upgrading technology, potentially impacting profit margins[98]. - The company generates a significant portion of its revenue from exports to the US, making it vulnerable to macroeconomic changes and trade tensions[95]. - The company is exposed to foreign exchange risks due to international sales and procurement, with a high proportion of revenue denominated in foreign currencies[99]. - The company has implemented measures to manage foreign exchange risks, including optimizing market structure and improving accounts receivable management[100]. Corporate Governance and Compliance - The company has no existing related party transactions with its controlling shareholders and senior management as of December 31, 2018[132]. - The company will ensure that any necessary related party transactions are conducted at market prices and in compliance with relevant laws and regulations[132]. - The company has committed to not using its position to harm the legal rights of other shareholders[133]. - The company has confirmed that all commitments made during its initial public offering or refinancing have been strictly fulfilled[136]. - The company has not undergone any bankruptcy restructuring during the reporting period[146]. Shareholder Structure and Incentives - The company has undergone significant changes in shareholding structure, with various entities holding shares post-lockup expiration[187]. - The company implemented a restricted stock incentive plan, granting 8.795 million shares, with an initial grant of 7.036 million shares to 179 eligible participants at a price of 5.61 CNY per share[150]. - The company plans to expand its market presence through the implementation of the stock incentive plan and profit distribution strategies[195]. - The company’s independent directors confirmed the legality of the incentive plan and the eligibility of the participants[191]. - Major shareholder Dong Shulin holds 10.10% of shares, totaling 39,399,090 shares, with 21,140,558 shares pledged[197].

Financial Performance - Operating revenue for the reporting period was ¥539,866,030.60, representing a significant increase of 313.84% year-on-year[9]. - Net profit attributable to shareholders was ¥40,122,285.17, a remarkable increase of 2,646.81% compared to the same period last year[9]. - Basic earnings per share for the reporting period was ¥0.1037, reflecting an increase of 1,360.56% year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥38,039,135.10, showing an increase of 3,704.01% year-on-year[9]. - The company's operating revenue increased by 225.23% year-on-year, primarily due to the inclusion of Shenzhen New Huikai's revenue of RMB 1.04 billion[19]. - The net profit attributable to shareholders increased by 439.32% year-on-year, significantly boosted by the acquisition of Shenzhen New Huikai[19]. - Total operating revenue for Q3 2018 reached CNY 539.87 million, a significant increase from CNY 130.45 million in the same period last year, representing a growth of 313.5%[43]. - Net profit for Q3 2018 was CNY 39.35 million, compared to CNY 0.28 million in Q3 2017, marking a substantial increase of 13,973.4%[45]. - Total operating revenue for the current period reached CNY 1,503,965,573.63, a significant increase from CNY 462,430,802.94 in the previous period, representing a growth of approximately 225%[52]. - Net profit for the current period was CNY 96,457,538.88, up from CNY 18,298,151.02 in the previous period, reflecting a growth of approximately 428%[53]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,789,429,425.34, an increase of 4.24% compared to the end of the previous year[9]. - The balance of prepayments increased by 110.14% compared to the beginning of the period, mainly due to prepayments for raw materials[18]. - Other receivables increased by 254.42%, primarily due to the subsidiary New Vision Display, Inc. purchasing USD 4 million convertible bonds from ReviverMX, Inc.[18]. - The balance of construction in progress increased by 227.23%, attributed to the ongoing renovation of Shenzhen New Huikai's factory[18]. - Short-term borrowings increased by 48.89%, mainly due to an increase in bank loans of RMB 97 million for Shenzhen New Huikai[18]. - Total liabilities increased to CNY 843,723,305.68 from CNY 797,540,801.82, marking a rise of approximately 5.8%[39]. - The company's equity attributable to shareholders increased to CNY 1,859,776,272.67 from CNY 1,796,701,773.79, reflecting a growth of about 3.5%[39]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥18,365,572.57, an increase of 146.18% compared to the same period last year[9]. - The net cash flow from operating activities increased by 146.18%, mainly due to an increase of RMB 39.98 million in cash flow from Shenzhen New Huikai[19]. - The cash flow from operating activities generated a net amount of CNY 18,365,572.57, a recovery from a negative cash flow of CNY -39,771,840.13 in the same quarter last year[59]. - The net cash flow from financing activities was CNY 70,728,740.77, an increase from CNY 60,205,813.36 in Q3 2017, indicating a growth of approximately 17.0%[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,026[13]. - The largest shareholder, Dong Shulin, holds 10.10% of the shares, with 39,399,090 shares, of which 35,119,257 are pledged[13]. Acquisition Plans - The company plans to acquire 100% equity of New Hui Kai Technology (Shenzhen) Co., Ltd. through a combination of issuing shares and cash payment[25]. - The company aims to enhance its market position by integrating New Hui Kai's technology and resources into its operations[27]. - The acquisition is expected to strengthen the company's technological capabilities and market reach in the optical electronics sector[27]. - The transaction is part of a broader strategy to expand the company's operational footprint and enhance shareholder value[27]. Compliance and Commitments - The company has committed to not transferring any shares or reducing holdings in the partnership for 60 months following the listing of new shares acquired in the transaction[24]. - The company has confirmed that it will not seek to increase its voting rights in Jingwei Electric Material through any means for 60 months[25]. - The company has ensured that the control of the company remains stable and committed to fulfilling the agreements made with actual controllers[25]. - The company has promised to compensate for any losses caused by failing to avoid competition with its subsidiaries[29]. - The company will ensure that any necessary related transactions are conducted at fair prices and in compliance with relevant laws and regulations[29].

Financial Performance - Total operating revenue for the first half of 2018 reached ¥964,099,543.03, representing a 190.41% increase compared to ¥331,977,340.40 in the same period last year[22]. - Net profit attributable to shareholders was ¥52,167,929.07, a significant increase of 233.31% from ¥15,651,536.81 year-on-year[22]. - Net profit after deducting non-recurring gains and losses was ¥48,709,211.18, up 289.67% from ¥12,499,995.79 in the previous year[22]. - The net cash flow from operating activities was ¥40,746,551.15, a turnaround from a negative cash flow of -¥30,062,429.55 in the same period last year, marking a 235.54% improvement[22]. - Basic earnings per share increased by 76.21% to ¥0.1348 from ¥0.0765 in the previous year[22]. - The company achieved operating revenue of 964.10 million yuan, a year-on-year increase of 190.41%[33]. - The net profit attributable to shareholders reached 52.17 million yuan, reflecting a growth of 233.31% compared to the previous year[33]. - The company reported a total of 3.46 million yuan in non-recurring gains and losses, after accounting for tax and minority interests[27]. - The company’s subsidiary, New Hui Kai, contributed significantly to revenue growth through sales of liquid crystal display modules and touch display modules[33]. - The company’s cash and cash equivalents increased by 332.11% to CNY 119.73 million, indicating improved liquidity[47]. - The company reported a total comprehensive income of CNY 31,367,122.84 for the first half of 2018, compared to CNY 17,878,101.90 in the previous year, reflecting an increase of approximately 75.2%[165]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,765,858,665.03, reflecting a 3.36% increase from ¥2,676,005,097.95 at the end of the previous year[23]. - The company's total assets increased to CNY 1,990,770,252.31 from CNY 1,970,017,419.81, showing a rise of about 1%[158]. - The total liabilities rose to CNY 878,331,219.27 from CNY 797,540,801.82, indicating an increase of approximately 10%[153]. - The total liabilities increased to CNY 229,646,136.34 from CNY 186,154,828.77, representing a growth of about 23%[158]. - The accounts receivable increased to CNY 591,447,071.11 from CNY 565,926,942.46, showing an increase of approximately 4.5%[151]. - The total liabilities at the end of the period were reported at 1,306,252,800, showing an increase from the previous period[182]. Investment and Capital Structure - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company underwent a name change to Tianjin Jingwei Huikai Optoelectronic Co., Ltd. and increased its registered capital to ¥389,927,296[20]. - The total amount of raised funds was ¥948.79 million, with ¥15.21 million invested during the reporting period[56]. - Cumulative investment of raised funds reached ¥967.78 million, indicating that all raised funds have been fully utilized[56]. - The company has a total of 25,450.17 million CNY in excess raised funds, with various allocations planned for future projects[59]. - The company has committed to a lock-up period of 60 months for shares held prior to the transaction completion[84]. - The company raised a total of 532,319,894.00 RMB by issuing 41,425,671 shares at a price of 12.85 RMB per share[193]. Research and Development - The company has a strong R&D management center and a professional team, ensuring leading capabilities in product development and technological innovation[37]. - The company’s R&D investment increased by 255.79% to CNY 32.66 million, reflecting a focus on new product development[46]. - The company is actively developing technologies for electronic license plates and has made significant progress in technical adjustments for market entry[41]. - The company is committed to continuous technological innovation to maintain its competitive edge in the LCD display industry[73]. Corporate Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, along with various functional management departments[198]. - The company emphasizes the importance of compliance with regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange[84]. - The company has committed to maintaining a minimum net profit level during the performance compensation period[89]. - The company guarantees that any related transactions will be conducted at market prices and will comply with relevant laws and regulations[90]. Market Strategy and Future Outlook - The company is focused on expanding its production capabilities in touch screens, backlight sources, and related electronic products[20]. - The company plans to produce a 63kA line wave absorber, which has entered the production phase, addressing overseas market demands[43]. - The company is actively expanding its market presence beyond the US to mitigate potential risks from US-China trade tensions[72]. - The company plans to focus on expanding its market presence and developing new technologies in the upcoming quarters[180]. - The company has plans for potential mergers and acquisitions to accelerate growth and market penetration[185]. Shareholder Information - Major shareholder Dong Shulin holds 10.10% of shares, totaling 39,399,090, with a reduction of 8,928,035 shares during the period[135]. - The company has a diverse shareholder base, with multiple investment funds holding significant stakes, including several with 4,502,098 shares each[137]. - The total number of shares held by the top ten unrestricted shareholders reflects a stable ownership structure, which may contribute to investor confidence[137]. - The company has not reported any strategic changes or new product developments in the current reporting period[139].

Financial Performance - Total revenue for Q1 2018 reached ¥468,113,521.66, representing a 235.27% increase compared to ¥139,623,513.28 in the same period last year[7] - Net profit attributable to shareholders was ¥22,948,695.36, up 307.64% from ¥5,629,621.88 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥21,644,735.75, reflecting a 347.24% increase from ¥4,839,667.48 in the previous year[7] - Basic earnings per share increased by 183.27% to ¥0.0779 from ¥0.0275 in the same period last year[7] - The company achieved operating revenue of RMB 468,113,521.66, an increase of 235.27% year-on-year[24] - The net profit attributable to ordinary shareholders increased by 307.64% to RMB 22,948,695.36[24] - The net profit for the first quarter was CNY 23,948,289.27, representing a significant increase from CNY 6,247,768.75 in the same period last year, marking a growth of 284.5%[54] - The total comprehensive income for the first quarter was CNY 13,254,273.75, compared to CNY 8,810,040.00 in the previous year, indicating an increase of 50.5%[51] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,716,117,126.65, a 1.50% increase from ¥2,676,005,097.95 at the end of the previous year[7] - Total liabilities increased to CNY 824,720,059.15 from CNY 797,540,801.82, marking an increase of approximately 3%[44] - The company's total equity reached CNY 1,891,397,067.50, up from CNY 1,878,464,296.13, indicating a growth of about 1%[44] - The company reported a total asset value of CNY 2,716,117,126.65, compared to CNY 2,676,005,097.95 at the beginning of the period, reflecting an increase of approximately 1.5%[44] Cash Flow - The company reported a net cash flow from operating activities of -¥1,887,320.83, an improvement of 92.70% from -¥25,837,362.56 in the previous year[7] - The company's cash flow from operating activities increased by 92.70% year-on-year, driven by a reduction in accounts receivable[23] - The cash flow from operating activities showed a net outflow of CNY 1,887,320.83, an improvement from a net outflow of CNY 25,837,362.56 in the previous year[57] - The total cash inflow from financing activities was 25,142,662.26 CNY, while cash outflow was 5,647,029.03 CNY, resulting in a net cash flow of 19,495,633.23 CNY[61] Shareholder Information - The company has a total of 11,158 shareholders at the end of the reporting period[15] - The top shareholder, Dong Shulin, holds 10.35% of the shares, with 30,471,055 shares, of which 16,350,000 are pledged[15] Strategic Initiatives - The company completed the acquisition of 100% equity in New Huikai Technology, establishing a dual-main business model to expand market reach[10] - The company plans to enhance its international market presence and invest in technology innovation and new product development to mitigate market risks[11] - The company plans to enhance its R&D investment and accelerate new product development to maintain its competitive edge in the LCD and electromagnetic industries[24] - The company has initiated a stock incentive plan, proposing to grant 8,795,000 restricted shares to over 200 mid-to-senior management and key technical personnel, aligning their interests with those of the company[28] Operational Performance - The company reported a total order volume of 1,267 million touch display units, generating revenue of 43,698 million CNY, achieving a completion rate of 71.89%[26] - The company produced 3,150 tons of electromagnetic wire, resulting in revenue of 14,164 million CNY, with a completion rate of 64.90%[26] - The company delivered 312 units of reactors, generating revenue of 360 million CNY, with a completion rate of 41.67%[26] - The successful merger with New Huikai Technology significantly boosted sales from its top ten customers[24] Financial Management - The company reported a decrease in sales expenses to CNY 18,612,451.72 from CNY 1,875,756.65, indicating a strategic cost management approach[54] - The financial expenses increased to CNY 8,972,568.11 from CNY 742,404.67, reflecting higher borrowing costs[54] - The company recorded an asset impairment loss of CNY 3,537,475.20, compared to CNY 1,260,910.72 in the previous year, indicating potential challenges in asset valuation[54] - The company received tax refunds amounting to CNY 11,640,044.32, compared to CNY 2,847,159.18 in the previous year, which positively impacted cash flow[57] Investment Activities - Cash flow from investing activities decreased by 5,902.88% year-on-year, due to increased cash outflows for renovations and equipment purchases[23] - The investment activities resulted in a net cash outflow of CNY 29,125,630.59, indicating ongoing investments in growth despite cash constraints[57] - The company did not report any cash inflow from investment activities, resulting in a net cash flow of -28,960.00 CNY from investment activities[61]

Acquisition and Business Expansion - The company completed the acquisition of 100% equity in New Huikai Technology (Shenzhen) Co., Ltd., establishing a dual-main business model and laying a solid foundation for future strategic deployment and market expansion[5]. - The company completed the acquisition of 100% equity in New Huikai, expanding into new business areas including LCD displays and touch screen modules[32]. - The acquisition of New Huikai Technology (Shenzhen) Co., Ltd. marked a significant capital operation project, entering a new business field[72]. - The company completed the acquisition of 100% equity in New Huikai Technology (Shenzhen) Co., Ltd., establishing a dual-main business model and laying a solid foundation for future strategic deployment[136]. - The company completed the acquisition of 100% equity in New Huikai in November 2017, aiming to improve the subsidiary's operational standardization and internal control levels[133]. Financial Performance - The company reported a significant market breakthrough in reactor technology, maintaining a leading position both domestically and internationally[7]. - The company's operating revenue for 2017 was ¥888,612,677.84, representing a 41.03% increase compared to ¥630,075,306.41 in 2016[23]. - Net profit attributable to shareholders reached ¥55,973,760.33, a significant increase of 256.99% from ¥15,679,195.87 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥51,903,387.77, up 287.58% from ¥13,391,670.45 in 2016[23]. - The total assets of the company at the end of 2017 amounted to ¥2,676,005,097.95, a 252.12% increase from ¥759,974,725.21 in 2016[23]. - The company achieved operating revenue of 888.61 million yuan, a year-on-year increase of 41.03%[71]. - Operating profit reached 67.31 million yuan, up 281.39% compared to the previous year[71]. - The company reported a decrease in aluminum product revenue to ¥103.26 million, down 13.64% from the previous year[83]. - The company’s cash dividend distribution in 2017 marks a return to shareholder rewards after a year of no distributions in 2016[148]. Market and Competitive Landscape - The company faces market risks due to intensified competition in the power distribution equipment industry, which may lead to reduced orders and declining gross margins in the ultra-high voltage sector[7]. - The electromagnetic wire industry is characterized by severe product homogeneity and intense competition, with low-end products competing primarily on price[48]. - The company has established a strong competitive position in the electromagnetic wire industry, focusing on high-voltage power equipment markets and holding several invention patents[130]. - The company aims to enhance its product development and market application areas by increasing R&D investment and strengthening technological innovation capabilities[132]. Technological Innovation and R&D - The company emphasizes the importance of effective communication and integration with New Huikai to mitigate risks associated with the acquisition, including profit forecast risks and goodwill impairment risks[5]. - The company maintains a strong R&D team focused on continuous innovation in electromagnetic wire and reactor production technologies[65]. - The company is committed to continuous investment in technology innovation and new product development to maintain competitive advantages in the rapidly evolving LCD and touchscreen industry[138]. - The company applied for 46 new patents and received 13 authorizations during the reporting period[94]. Operational Efficiency and Financial Management - The company plans to enhance its operational efficiency and financial performance through continuous investment in talent acquisition and technological advancements[6]. - The company is committed to ensuring the realization of its overall strategic goals by closely monitoring market changes and planning diversified financing strategies[9]. - The company acknowledges potential risks related to accounts receivable as its business scales, emphasizing the need for strict credit policies[139]. - The company aims to optimize its financial planning to mitigate funding pressures associated with expanding production capacity and technology development[138]. Shareholder and Capital Management - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares (including tax) to all shareholders, based on a total of 294,531,785 shares[10]. - The cash dividend for 2017 is proposed at 2.00 yuan per 10 shares, totaling 58,906,357 yuan, with a capital reserve conversion of 3 shares for every 10 shares[144]. - The remaining undistributed profit for 2017 is 38,412,959.28 CNY, which will be carried forward to future distributions[146]. - The total share capital after the proposed capital reserve conversion will increase by 88,359,536 shares, based on a conversion ratio of 3 shares for every 10 shares held[146]. Future Outlook and Strategic Goals - The company aims to increase its international market share while stabilizing its domestic market presence, focusing on technological innovation and new product development[7]. - The company plans to strengthen its domestic sales team and expand into the domestic market, aiming to develop key customers in the white goods sector[134]. - In 2018, the company aims to accelerate the development of automotive electronic license plate products, targeting rapid growth and becoming a new highlight for performance[134]. - The company plans to build an international sales platform for electromagnetic wires and reactors, seeking breakthroughs in international market sales[134].

Financial Performance - Net profit attributable to shareholders increased by 15.05% to CNY 1,460,687.64 for the current period[8] - Revenue for the current period was CNY 130,453,462.55, representing a growth of 4.49% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 137.17% to CNY 999,975.45[8] - Basic earnings per share rose by 14.52% to CNY 0.0071[8] - The weighted average return on equity increased to 0.24%, up from 0.03% at the end of the previous year[8] - The net profit attributable to shareholders of the parent company increased by 94.97% compared to the same period last year, driven by significant growth in sales revenue of core products[19] - Net profit for the period was CNY 281,207.42, a significant decrease of 84.0% from CNY 1,756,120.87 in the previous year[38] - The company reported a comprehensive income total of CNY 2,229,191.17, compared to CNY 1,772,583.37 in the previous year, marking a year-over-year increase of 25.7%[39] - Basic and diluted earnings per share for the quarter were CNY 0.0071, compared to CNY 0.0062 in the same quarter last year, reflecting an increase of 14.5%[39] - Net profit for Q3 2017 reached CNY 18,298,151.02, representing a significant increase of 147.5% from CNY 7,386,950.34 in Q3 2016[46] - The company recorded an investment income of CNY 526,590.14, compared to a loss in the previous year, showing a positive turnaround[38] Assets and Liabilities - Total assets increased by 10.77% to CNY 841,798,718.58 compared to the end of the previous year[8] - Current assets reached CNY 435,312,920.01, up from CNY 347,469,302.10, indicating a growth of about 25.2%[29][32] - Total liabilities increased to CNY 142,328,871.18 from CNY 78,226,589.53, reflecting a significant rise of about 82.0%[31][32] - The company's total liabilities reached CNY 130,159,866.96, compared to CNY 61,389,176.88 in the previous year, indicating a substantial increase[38] - The balance of short-term borrowings increased by 100% compared to the beginning of the period, reflecting an increase of 60 million yuan[18] - The balance of other current liabilities increased by 94.08% compared to the beginning of the period, mainly due to changes in hedging losses[18] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -39,771,840.13, down 237.36% year-on-year[8] - The net cash flow from operating activities decreased by 237.36% compared to the same period last year, primarily due to an increase in accounts receivable not reaching the payment period[19] - Operating cash flow for the period was negative at CNY -39,771,840.13, worsening from CNY -11,789,077.14 in the same quarter last year, indicating cash flow challenges[52] - Cash inflow from operating activities totaled 435,559,853.33 CNY, slightly down from 455,283,173.51 CNY in the previous period, suggesting a minor decline in sales performance[55] - Cash outflow from operating activities was 472,487,405.07 CNY, which is slightly higher than 467,735,757.33 CNY in the previous period, indicating increased operational costs[55] - The company received 7,107,842.26 CNY in tax refunds, a significant increase from 1,356,863.62 CNY in the previous period, enhancing cash flow[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 204,545,976[12] - The largest shareholder, Dong Shulin, holds 14.90% of the shares, amounting to 30,471,055 shares[12] Non-Recurring Gains and Losses - The company reported a total of CNY 3,612,252.31 in non-recurring gains and losses for the year-to-date[10] - The company’s investment income increased by 752% compared to the same period last year, primarily due to the sale of equity in subsidiaries[19] Operational Costs - Total operating costs amounted to CNY 129,366,140.20, up from CNY 123,929,846.77, reflecting a year-over-year increase of 4.0%[37] - Sales expenses increased to CNY 2,544,753.12 from CNY 1,765,747.42, a rise of 44.0% year-over-year[38] - Management expenses rose to CNY 11,330,950.18, up from CNY 7,972,948.84, indicating a year-over-year increase of 42.5%[38] Investment Activities - The company completed the acquisition of New Hui Kai Technology (Shenzhen) Co., Ltd., which has become a wholly-owned subsidiary[20] - Investment activities resulted in a net cash outflow of -4,320,654.05 CNY, compared to -1,670,672.87 CNY in the previous period, indicating increased investment expenditures[56] - Investment income for Q3 2017 was CNY 2,498,558.73, a substantial increase from a loss of CNY -114,263.59 in the same period last year, indicating improved investment performance[48] Financial Management - The company’s financial expenses increased by 202% compared to the same period last year, mainly due to an increase in loans of 60.38 million yuan[19] - The company did not conduct an audit for the third quarter report, which may affect the reliability of the financial data presented[57] - The company plans to expand its market presence and invest in new product development to drive future growth, although specific figures were not disclosed in the report[49]