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].

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]