[Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) [Core Financial Indicators](index=1&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%80%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2022, the company's operating revenue significantly decreased by 86.88% year-over-year, but net loss attributable to shareholders narrowed by 92.12%, with net cash flow from operating activities remaining negative but improving by 47.78% year-over-year, while total assets and shareholders' equity slightly declined from the beginning of the year Core Financial Indicators (RMB) | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 117,830,635.72 | 898,358,862.30 | -86.88% | | Net Profit Attributable to Shareholders (RMB) | -35,098,521.63 | -445,658,935.43 | 92.12% | | Net Cash Flow from Operating Activities (RMB) | -83,715,530.12 | -160,298,217.10 | 47.78% | | Basic Earnings Per Share (RMB/share) | -0.04 | -0.47 | 91.49% | | **Indicator** | **Period-End** | **Year-End** | **Change from Year-End** | | Total Assets (RMB) | 3,144,130,593.82 | 3,227,079,631.61 | -2.57% | | Equity Attributable to Shareholders (RMB) | 285,949,537.43 | 321,048,059.06 | -10.93% | - Non-recurring gains and losses totaled **0.52 million RMB** during the reporting period, primarily from government subsidies and other non-operating income and expenses[5](index=5&type=chunk)[7](index=7&type=chunk) [Analysis of Financial Indicator Changes](index=2&type=section&id=%E4%B8%80%E3%80%81%28%E4%B8%89%29%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) During the reporting period, several financial indicators experienced significant changes, with inventory increasing by 88.58% due to goods issued but revenue unconfirmed, while cash, accounts receivable financing, notes payable, and long-term borrowings significantly decreased, and profit and loss statement items, including operating revenue, costs, and various expenses, all saw substantial year-over-year declines due to changes in consolidation scope, with operating revenue decreasing by 86.88% Balance Sheet Item Changes | Balance Sheet Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Cash and Bank Balances | -45.09% | Decrease in bill deposits due to matured bank acceptance bills | | Accounts Receivable Financing | -76.14% | Matured bank acceptance bills collected and endorsed for payment | | Inventory | 88.58% | Goods issued but revenue not yet recognized | | Other Current Assets | 690.07% | Increase in VAT awaiting certification | | Notes Payable | -82.85% | Matured bills settled | | Long-term Borrowings | -100.00% | Decrease in long-term borrowings | Income Statement Item Changes | Income Statement Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | -86.88% | Decrease in sales revenue | | Operating Cost | -90.49% | Decrease in sales revenue | | Selling Expenses | -80.90% | Change in consolidation scope | | Administrative Expenses | -74.99% | Change in consolidation scope | | Research and Development Expenses | -85.72% | Change in consolidation scope | | Financial Expenses | -69.97% | Change in consolidation scope | [Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) [Shareholding Status](index=3&type=section&id=%E4%BA%8C%E3%80%81%28%E4%B8%80%29%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had 38,045 common shareholders, with Pingxiang Fantike Network Technology Co., Ltd. being the largest shareholder, holding 144.06 million shares, or 15.04% of total shares, and among the top ten shareholders, Pingxiang Zhongzhou Xinan and Shenzhen Demao Investment have portions of their shares pledged or frozen - As of the end of the reporting period, the company had **38,045 common shareholders**[13](index=13&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Pingxiang Fantike Network Technology Co., Ltd. | 15.04% | 144,056,026 | - | | Pingxiang Zhongzhou Xinan Commercial Management Center (Limited Partnership) | 2.78% | 26,663,137 | Pledged 14,000,000 | | Shenzhen Demao Investment Development Co., Ltd. | 2.58% | 24,718,728 | Frozen 15,518,254, Pledged 15,000,000 | | Xingxing Group Co., Ltd. | 1.45% | 13,890,026 | - | | Ye Xianyu | 1.27% | 12,197,017 | - | - Explanation of related party relationships: Xingxing Group Co., Ltd. is controlled by Ye Xianyu. The company is unaware of any other related party relationships or concerted actions among other shareholders[16](index=16&type=chunk) [Changes in Restricted Shares](index=4&type=section&id=%E4%BA%8C%E3%80%81%28%E4%B8%89%29%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, some of the company's restricted shares changed due to executive departures, with Li Weimin and Chen Meifen collectively releasing 29,532 shares, while Chen Xiaoling increased restricted shares by 750 Restricted Share Movement | Shareholder Name | Restricted Shares at Beginning of Period | Shares Released This Period | Shares Increased This Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Li Weimin | 59,062 | 14,766 | 0 | 44,296 | Executive Departure Lock-up | | Chen Meifen | 59,062 | 14,766 | 0 | 44,296 | Executive Departure Lock-up | | Chen Xiaoling | 0 | 0 | 750 | 750 | Executive Departure Lock-up | | Total | 118,124 | 29,532 | 750 | 89,342 | - | [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) The company faced multiple significant challenges during the reporting period, including its own pre-restructuring, substantive consolidated restructuring or bankruptcy liquidation of several subsidiaries, and an investigation by the China Securities Regulatory Commission for alleged information disclosure violations, along with multiple lawsuits - The company is currently undergoing pre-restructuring related matters[20](index=20&type=chunk) - Several of the company's subsidiaries, including Pingxiang Xingxing Touch Control, Xingxing Precision (Shenzhen), Xingxing Precision (Dongguan), Pingxiang Xingzhu Precision, and Pingxiang Xingxing Precision Glass, have entered substantive consolidated restructuring or bankruptcy liquidation procedures[20](index=20&type=chunk) - The company received a "Notice of Case Filing" from the China Securities Regulatory Commission on January 28, 2022, and is under investigation for alleged information disclosure violations[20](index=20&type=chunk) - The company and its subsidiaries are involved in multiple lawsuits[20](index=20&type=chunk) [Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Consolidated Balance Sheet](index=5&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%80%291%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2022, the company's total assets were 3.14 billion RMB, a 2.57% decrease from the beginning of the year; total liabilities were 2.86 billion RMB, a 1.65% decrease from the beginning of the year, with equity attributable to parent company owners at 285.95 million RMB, a 10.93% decrease from the beginning of the year, primarily due to the current period's loss, and the asset-liability ratio slightly increased from 89.94% at the beginning of the year to 90.95% Consolidated Balance Sheet (RMB) | Item | Period-End Balance (RMB) | Year-End Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 3,144,130,593.82 | 3,227,079,631.61 | | Total Liabilities | 2,858,545,017.07 | 2,906,386,888.83 | | Total Equity Attributable to Parent Company Owners | 285,949,537.43 | 321,048,059.06 | | Total Owners' Equity | 285,585,576.75 | 320,692,742.78 | [Consolidated Income Statement](index=8&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%80%292%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2022, the company's operating revenue was 117.83 million RMB, a significant 86.88% year-over-year decrease, and despite the revenue decline, operating loss narrowed from 435.55 million RMB in the prior year to 35.27 million RMB, as costs and expenses, especially operating costs, decreased more substantially, with net loss attributable to parent company owners at 35.10 million RMB, a significant reduction from the 445.66 million RMB loss in the prior year Consolidated Income Statement (RMB) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 117,830,635.72 | 898,358,862.30 | | Total Operating Costs | 153,632,359.45 | 1,327,726,564.89 | | Operating Profit | -35,274,954.39 | -435,547,011.74 | | Net Profit | -35,107,166.03 | -443,305,535.27 | | Net Profit Attributable to Parent Company Owners | -35,098,521.63 | -445,658,935.43 | | Basic Earnings Per Share | -0.04 | -0.47 | [Consolidated Cash Flow Statement](index=9&type=section&id=%E5%9B%9B%E3%80%81%28%E4%B8%80%293%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) During the reporting period, net cash flow from operating activities was -83.72 million RMB, an outflow but a significant improvement from -160.30 million RMB in the prior year, and net cash outflow from investing activities sharply decreased to 0.75 million RMB, with net cash inflow from financing activities at 80.00 million RMB, primarily from other cash received related to financing activities, with less debt repayment and interest expenses, and cash and cash equivalents at period-end totaling 108.33 million RMB Consolidated Cash Flow Statement (RMB) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -83,715,530.12 | -160,298,217.10 | | Net Cash Flow from Investing Activities | -752,169.42 | -114,970,713.61 | | Net Cash Flow from Financing Activities | 80,001,116.05 | 237,322,566.77 | | Net Increase in Cash and Cash Equivalents | -4,593,395.15 | -37,473,683.08 | | Cash and Cash Equivalents at Period-End | 108,332,859.94 | 113,869,561.97 | [Audit Opinion](index=11&type=section&id=%E5%9B%9B%E3%80%81%28%E4%BA%8C%29%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's Q1 2022 financial report is unaudited - The company's first quarter report is **unaudited**[43](index=43&type=chunk)

Financial Performance - The company reported a significant loss for the year, with detailed reasons and measures for improving profitability outlined in the "Management Discussion and Analysis" section[4]. - The company's operating revenue for 2021 was ¥3,218,351,947.70, a decrease of 37.76% compared to ¥5,171,009,789.84 in 2020[21]. - The net profit attributable to shareholders was -¥1,384,901,965.66, an improvement of 49.64% from -¥2,750,193,806.47 in the previous year[21]. - The net cash flow from operating activities improved by 79.54%, reaching -¥383,369,666.54 compared to -¥1,873,644,247.88 in 2020[21]. - The total assets at the end of 2021 were ¥3,227,079,631.61, a decline of 55.77% from ¥7,296,655,832.49 at the end of 2020[21]. - The net assets attributable to shareholders increased by 113.53%, amounting to ¥321,048,059.06 compared to -¥2,372,153,735.33 in 2020[21]. - The company reported a significant non-operating income of ¥5,552,742,432.48 in 2021, primarily due to asset disposals and government subsidies[26]. - The company reported a significant decrease in inventory levels by 95.34%, attributed to the restructuring and liquidation of subsidiaries[65]. - The company reported a net loss of ¥33,943.89 million for the year 2021[95]. Risk Factors - The report highlights potential risks including technological innovation, core personnel loss, project operation risks, and the impact of the COVID-19 pandemic[4]. - Future outlook and plans are discussed in detail, emphasizing the need for investors to recognize associated risks[5]. - The company has not provided specific financial guidance for the upcoming year, indicating uncertainty in future performance[5]. - The audit report from Zhongxing Caiguanghua Certified Public Accountants includes a paragraph on significant uncertainties regarding the company's ability to continue as a going concern[4]. - The company has indicated uncertainty regarding its ability to continue as a going concern due to negative net profits over the last three accounting years[21]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which could lead to severe penalties[131]. - The company has received a delisting risk warning due to negative net assets as of the end of 2020, with significant uncertainty regarding the removal of this warning[128]. - The company is currently undergoing a pre-restructuring process initiated by creditors, with the outcome still uncertain[129]. Technological Development - The company is focusing on technological advancements and product development to enhance its market position[4]. - The touch display market is expected to enter a period of rapid growth, driven by advancements in 5G, IoT, and OLED technologies, with increasing demand for protective screens and touch display modules[32]. - The company has developed advanced technologies such as 2D and 2.5D cover glass, NCVM technology, and is focusing on new products like 3D cover glass and anti-glare screens[35]. - The company maintains a competitive edge in the touch display and precision structural components sectors through continuous innovation in processing technologies[36]. - The company is actively developing new technologies and products to enhance its market position in the touch display and precision structural components industries[36]. - The company is focusing on maintaining technological advantages in the field of sapphire cover processing for smart wearables[74]. - The company is in the research and development phase for new coating and laser engraving technologies to enhance production capabilities and competitiveness[75]. - The company is developing new technologies for autonomous driving radar protection, aiming to create breakthroughs in laser radar cover technology[75]. Market Strategy - The company is exploring market expansion opportunities, although specific strategies were not detailed in the report[5]. - The company plans to focus on product transformation and upgrade, reducing the proportion of mobile phone products while emphasizing wearable, laptop, automotive, industrial control, and medical products[58]. - The company aims to enhance lean production to improve production yield and efficiency in 2022[59]. - The company is focusing on customized production based on client orders, ensuring high-quality output through a structured production process[51]. - The company aims to expand its customer base while maintaining existing relationships, focusing on market segmentation and resource integration to enhance competitiveness[118]. Governance and Compliance - The company adheres to legal regulations and governance standards, ensuring compliance with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[135]. - The company has established a complete and independent financial department, ensuring financial decisions are made independently and that it operates as an independent taxpayer[147]. - The company has a transparent and fair performance evaluation and incentive mechanism for senior management, gradually improving its standards[140]. - The company has conducted several shareholder meetings with participation rates of 28.11% and 23.23% for the first and second extraordinary shareholder meetings, respectively[148]. - The company has a complete governance structure with independent operation of the board of directors, supervisory board, and management team, ensuring effective decision-making[146]. - The company actively engages with investors, providing both on-site and online voting options during shareholder meetings to facilitate participation[137]. - The company has established a robust investor relations management system to ensure timely and accurate information disclosure[142]. - The company respects the rights of stakeholders and maintains communication with various parties, including shareholders, suppliers, and employees[144]. Environmental Responsibility - Jiangxi Star Technology reported a daily wastewater treatment capacity of 600 tons, ensuring continuous monitoring of key discharge points for compliance with environmental standards[196]. - The company has implemented comprehensive environmental governance projects to manage wastewater pollutants, including COD and ammonia nitrogen[197]. - The company’s subsidiary, Pingshan Precision, has established 7 sets of air pollution control facilities, utilizing processes such as water spraying, activated carbon filtration, and catalytic combustion[198]. - The company has reported no exceedances in pollutant discharge limits for COD and ammonia nitrogen across its facilities[196]. - The company adheres strictly to national environmental protection laws and regulations in its production and operational management[198]. Human Resources - The total number of employees at the end of the reporting period was 3,630, with 12,624 employees receiving salaries during the period[180]. - The company has a total of 13 employees with master's degrees or higher, and 185 employees with bachelor's degrees[180]. - The company has established a performance reform initiative to enhance salary competitiveness and attract talent[181]. - The company has strengthened internal control training for management and employees to improve compliance awareness[186]. Internal Control and Audit - The company has implemented two new internal control systems and revised ten existing ones to enhance governance and compliance[185]. - The company reported a financial report major defect count of 1, with no significant defects in non-financial reports[191]. - The company has completed all self-inspection issues identified during the governance special action initiated by the China Securities Regulatory Commission[192]. - The company aims to enhance its internal control system and improve the accuracy of financial reporting through comprehensive reviews and training[188].

江西星星科技股份有限公司 2021 年第三季度报告 1 证券代码：300256 证券简称：*ST 星星 公告编号：2021-0137 江西星星科技股份有限公司 2021 年第三季度报告 | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | 本公司及除董事毛英莉、俞毅、管云德外的董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 | | 独立董事毛英莉、俞毅、管云德因公司 2020 年会计差错更正未经专业审计机构审计，认为本次会计 差错的更正数据会影响 2021 年第三季度报告数据的准确性，最终数据应以专业审计机构的审计意见为准， 故无法保证 ...

江西星星科技股份有限公司 2021 年半年度报告全文 江西星星科技股份有限公司 2021 年半年度报告 2021 年 08 月 1 江西星星科技股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及除以下存在异议声明的董事、监事、高级管理人员 外的其他董事、监事、高级管理人员均保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 董事、监事、高级管理人员异议声明 | --- | --- | --- | |----------------|----------|----------------------------------------------------| | 姓名 | 职务 | 内容和原因 | | | | 由于公司此次会计差错更正未经专业审计机构审计， | | | | 我们认为本次会计差错的更正数据会影响 2021 年半 | | 毛英莉、俞毅、 | 独立董事 | 年度报告及其摘要数据的准确性，最终数据应以专业 | | 管云德 | | 审计机构的审计意见为准。故我们对《关于 2021 年 | | | | 半年度 ...

浙江星星科技股份有限公司 2020 年年度报告全文 浙江星星科技股份有限公司 2020 年年度报告 2021 年 04 月 1 浙江星星科技股份有限公司 2020 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人刘琅问、主管会计工作负责人董胜连及会计机构负责人(会计主 管人员)董胜连声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告中涉及未来展望及计划等前瞻性陈述，不构成公司对投资者的 实质承诺，投资者及相关人士均应对此保持足够的风险认识，并且应当理解计 划、预测与承诺之间的差异。请投资者注意投资风险。 公司在生产经营中可能存在技术创新和产品开发的风险、核心技术人员流 失的风险、规模扩张带来的管理风险、商誉减值风险、项目建设及运营风险、 宏观经济环境变化带来的融资风险及新冠疫情风险，有关风险因素内容与应对 措施已在本报告第四节"经营情况讨论与分析"之"九、公司未来发展的展望 （四）可能面对的风险 ...

浙江星星科技股份有限公司 2019 年年度报告全文 浙江星星科技股份有限公司 2019 年年度报告 2020 年 04 月 1 浙江星星科技股份有限公司 2019 年年度报告全文 第一节重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人刘建勋、主管会计工作负责人陈美芬及会计机构负责人(会计主 | --- | |-----------------------------------------------------------------------| | | | 管人员 ) 陈美芬声明：保证年度报告中财务报告的真实、准确、完整。 | | 所有董事均已出席了审议本报告的董事会会议。 | | 本年度报告中涉及未来展望及计划等前瞻性陈述，不构成公司对投资者的 | | 实质承诺，投资者及相关人士均应对此保持足够的风险认识，并且应当理解计 | | 划、预测与承诺之间的差异。请投资者注意投资风险。 | | 公司在本报告第四节 " 经营情况讨论与分析 " 之 " 九、公司未来发展的展望 | ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[18]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[18]. - The company's operating revenue for 2020 was ¥8,298,157,995.16, representing a 30.81% increase from ¥6,343,779,354.54 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥119,148,343.32, a decrease of 31.62% compared to ¥174,250,984.93 in 2019[24]. - The net cash flow from operating activities for 2020 was ¥70,474,367.82, down 43.56% from ¥124,872,355.14 in 2019[24]. - The total assets at the end of 2020 were ¥10,712,173,725.02, an increase of 6.06% from ¥10,100,291,511.49 at the end of 2019[24]. - The basic earnings per share for 2020 was ¥0.12, a decline of 33.33% from ¥0.18 in 2019[24]. - The company achieved total revenue of CNY 829,815.80 million in 2020, representing a year-on-year growth of 30.81%[70]. - The net profit attributable to shareholders decreased by 31.62% to CNY 11,914.83 million compared to the previous year[70]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,253.85 million, down 28.62% year-on-year[70]. Market Expansion and Strategy - The company plans to invest 200 million RMB in R&D for new product development in 2021, focusing on advanced display technologies[18]. - Future outlook indicates a projected revenue growth of 20% for 2021, driven by market expansion and new product launches[18]. - The company is expanding its market reach into Southeast Asia, targeting a 15% market share by the end of 2022[18]. - The company plans to expand its market presence in consumer electronics, automotive electronics, and medical devices[35]. - The company aims to enhance market competitiveness by integrating existing businesses and products, focusing on a "one-stop solution provider" strategy for smart terminal components[133]. - The company is focusing on developing new products and technologies, including 3D cover glass and anti-glare enhanced transparency window protection screens[56]. - The company aims to expand its market share and enhance sales performance by actively developing new business areas and deepening cooperation with existing high-quality customers in the consumer electronics sector[139]. Research and Development - The company is focused on the research and development of new products, including wearable device protective screens and automotive protective screens[35]. - The company invested approximately ¥303.48 million in R&D in 2020, accounting for 3.66% of its operating revenue[101]. - The number of R&D personnel increased to 1,351 in 2020, representing 15.44% of the total workforce[101]. - The company is in the trial production phase for several R&D projects, including foldable touch screens and OLED display modules[95]. - The company aims to enhance product competitiveness through differentiated technology routes in flexible CPI cover production[95]. - The company will invest significantly in R&D for flexible OLED and large-size TFT display modules, smart automotive precision components, and curved cover plates to improve product competitiveness and industry position[138]. Operational Efficiency and Management - The company emphasizes employee training and quality management, linking production staff compensation to product quality to enhance efficiency and reduce costs[44]. - The company plans to enhance operational efficiency and optimize organizational structure, aiming for cost control, timely delivery, and quality improvement, with a focus on key terminal customers and expanding into flexible folding touch and display, biometric recognition, and automotive electronics[136]. - The company will strengthen its management team and optimize talent structure to meet the demand for high-level talent due to market expansion, focusing on both internal training and external recruitment[140]. - The company will continue to promote automation in production processes, introducing automated systems and equipment to improve product quality and reduce labor costs[137]. Risks and Challenges - The company has identified risks related to technological innovation and market competition, which will be addressed through strategic planning[5]. - The company faces risks related to technological innovation and product development, emphasizing the need for continuous R&D investment to maintain competitive advantage[144]. - The ongoing COVID-19 pandemic has caused delays in operations and logistics, potentially impacting short-term performance[150]. - The company is actively monitoring policy risks and will adjust its operations to mitigate potential impacts from macroeconomic changes and policy adjustments[149]. Financial Management and Investments - No cash dividends will be distributed to shareholders for the fiscal year 2020, as the company aims to reinvest profits into growth initiatives[5]. - The company has not proposed any cash dividend distribution plans for the past three years due to significant unrecouped losses from 2018[161]. - The company plans to enhance its financial structure by optimizing financing channels and reducing costs through improved receivables management[149]. - The company has committed to tracking project progress closely to manage operational risks effectively[148]. - The company reported a net loss from investment income of ¥28.37 million, which constituted -64.82% of total profit[106]. - The company experienced a significant asset impairment loss of ¥217.39 million, representing -496.66% of total profit[106]. Business Segments and Products - The company has three main business segments: window protective screens, touch display modules, and precision structural components[35]. - The window protective screen business utilizes a direct sales model, allowing for continuous communication with customers and customized production based on specific orders, minimizing excess inventory[44]. - The touch display business has established stable procurement channels and evaluates suppliers based on multiple criteria, ensuring quality and timely supply of raw materials[45]. - The precision structural components are primarily used in consumer electronics, with production tailored to customer specifications, emphasizing quality and performance[49]. - The revenue from window protection screen products reached CNY 1,541.57 million in 2020, representing a year-on-year growth of 42.61%[72]. - The revenue from touch display module products was CNY 2,507.85 million, with a significant year-on-year increase of 97.33%[73]. - The structural components business generated CNY 3,947.99 million in revenue, reflecting a year-on-year growth of 12.80%[74]. Corporate Governance and Compliance - The company has established a commitment to ensure that its financial personnel do not hold dual positions within related enterprises[165]. - The company is ensuring that its assets and operations remain independent from those of its controlling entities[165]. - The company is committed to maintaining a complete and independent governance structure to avoid any institutional confusion with its controlling entities[165]. - The company has confirmed that all commitments made regarding related party transactions and competition avoidance are being fulfilled[176]. - The company will compensate for any economic losses caused by violations of commitments made by its controlling shareholders[176].

证券代码：300256 证券简称：星星科技 公告编号：2021-0042 浙江星星科技股份有限公司 关于参加2021年浙江辖区上市公司投资者网上集体 接待日活动暨召开2020年度业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与投资者的沟通交流，提升公司投资者关系管理水平，浙江星星 科技股份有限公司（以下简称"公司"）将于 2021 年 5 月 13 日（星期四）15:00-17:00 参加 2021 年浙江辖区上市公司投资者网上集体接待日活动暨召开 2020 年度业绩说 明会，投资者朋友可登陆"全景网·投资者关系互动平台"（http://ir.p5w.net）参与 本次交流。届时，公司董事长刘琅问先生、财务总监董胜连先生、独立董事俞毅先 生、副总经理兼董事会秘书王云女士，将通过互动平台与投资者进行网络沟通和交 流，欢迎广大投资者参加。 为提高互动交流的效率，现提前向所有关心公司的投资者公开征集交流问题， 广泛听取投资者的意见和建议。投资者可于 2021 年 5 月 12 日（星期三）17:00 前将 您所关心的问题 以 电 子 ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[18]. - The company's operating revenue for 2020 was ¥8,298,157,995.16, an increase of 30.81% compared to ¥6,343,779,354.54 in 2019[23]. - The net profit attributable to shareholders for 2020 was ¥119,148,343.32, a decrease of 31.62% from ¥174,250,984.93 in 2019[23]. - The net cash flow from operating activities for 2020 was ¥70,474,367.82, down 43.56% from ¥124,872,355.14 in 2019[23]. - The total assets at the end of 2020 were ¥10,712,173,725.02, representing a 6.06% increase from ¥10,100,291,511.49 at the end of 2019[23]. - The net assets attributable to shareholders at the end of 2020 were ¥1,956,141,134.59, up 6.18% from ¥1,842,223,660.26 at the end of 2019[23]. - The company reported a basic earnings per share of ¥0.12 for 2020, a decrease of 33.33% from ¥0.18 in 2019[23]. - The company achieved total revenue of 829,815.80 million yuan in 2020, representing a year-on-year growth of 30.81%[70]. - The net profit attributable to shareholders decreased by 31.62% to 11,914.83 million yuan compared to the previous year[70]. - The company reported a significant increase in cash flow from financing activities, totaling ¥977.43 million, up 76.12% from 2019[102]. Market Expansion and Product Development - The company plans to invest 200 million RMB in R&D for new product development in the upcoming year[18]. - User data showed a growth of 25% in active users of the company's products, reaching 5 million users by the end of 2020[18]. - The company has set a revenue target of 1.5 billion RMB for 2021, indicating a growth forecast of 25%[18]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2021[18]. - A new product line featuring advanced touch technology is expected to launch in Q3 2021, aiming to capture a larger market share[18]. - The company is focusing on developing new products and technologies, including 3D cover glass and anti-glare window protection screens[55]. - The company is currently developing technologies for 3D automotive capacitive touch panels, which are in the trial production stage[94]. - The company aims to enhance its R&D and manufacturing capabilities to support future product market expansion and improve product yield[94]. - The company plans to actively seek opportunities in smart manufacturing, big data, and information security through investments, mergers, and acquisitions to foster new growth points[132]. Risk Management - The company faces potential risks including technological innovation challenges and macroeconomic fluctuations, which have been detailed in the risk management section of the report[5]. - The company plans to actively monitor policy risks and improve operational risk management to mitigate potential impacts from macroeconomic changes[148]. - The company faces risks related to technological innovation and product development, emphasizing the need for continuous R&D investment to maintain competitive advantage[143]. - The company reported a goodwill value of 875.92 million yuan as of the reporting period, highlighting the potential risk of goodwill impairment due to market uncertainties[144]. Operational Efficiency and Cost Management - The company emphasizes employee training and quality management, linking production staff compensation to product quality to enhance efficiency and reduce costs[46]. - The company aims to improve production efficiency through the development of customized equipment and mechanization[42]. - The company will enhance operational efficiency and optimize organizational structure, aiming for cost control, timely delivery, and quality improvement, with a focus on key terminal customers for glass cover and structural component orders[135]. - The company will continue to promote automation in production processes, introducing advanced detection systems and automated equipment to improve production efficiency and product quality[136]. Research and Development - The total R&D investment in 2020 was approximately ¥303.48 million, accounting for 3.66% of the operating revenue[101]. - Research and development expenses increased by 26.50% to ¥303,480,800.20, driven by investments in new products and technologies[93]. - The company is in the trial production stage for several key R&D projects, including foldable touch screens and flexible CPI cover plates, aimed at enhancing product competitiveness[94]. - The company has successfully developed flexible foldable touch products and is currently in the sampling and trial production phase with cooperative clients[72]. Subsidiaries and Investments - The company established new subsidiaries to enhance market competitiveness and revenue contributions, including the establishment of Pingxiang Xingfa Industrial Center and Nanjing Xichuang Technology Partnership[124]. - The company made a significant equity investment of ¥550,000,000.00 in Shenzhen Yier San Si Investment Development Co., Ltd., with a planned investment amount of ¥880,000,000.00[114]. - The company is currently developing several projects, including a smart terminal metal CNC precision component production project with an actual investment of ¥301,025,400.00[115]. Governance and Compliance - The company has committed to ensuring the independence of its operations, including maintaining a separate financial accounting department and independent tax obligations[164]. - The company has pledged to establish an independent governance structure to prevent any institutional confusion with its controlling entities[164]. - The company has confirmed that all commitments made regarding avoiding competition and related transactions are being fulfilled[175]. - The company will ensure that any related benefits obtained from violations will be returned to the company[170].

Financial Performance - The company's revenue for Q1 2021 was ¥2,041,829,204.49, representing a 90.06% increase compared to ¥1,074,291,315.87 in the same period last year[9] - Net profit attributable to shareholders was ¥40,499,009.26, a decrease of 11.15% from ¥45,578,990.12 in the previous year[9] - Basic earnings per share decreased by 20.00% to ¥0.04 from ¥0.05 in the previous year[9] - The company achieved total operating revenue of CNY 2,041.83 million, a 90.06% increase compared to the same period last year[26] - The net profit attributable to shareholders of the listed company was CNY 40.50 million, a decrease of 11.15% year-on-year[26] - Total operating revenue for the current period reached ¥2,041,829,204.49, a significant increase from ¥1,074,291,315.87 in the previous period, representing an increase of approximately 90.0%[69] - Total operating costs amounted to ¥1,991,371,184.83, compared to ¥1,053,369,846.53 in the previous period, indicating an increase of about 88.9%[72] - Net profit for the current period was ¥36,753,992.64, slightly higher than ¥36,389,117.04 from the previous period, showing a marginal increase of approximately 1.0%[74] - The company reported a gross profit margin of approximately 2.4% for the current period, compared to 3.0% in the previous period, indicating a decrease in profitability[72] Cash Flow and Financial Position - The net cash flow from operating activities was ¥14,896,550.23, down 91.06% from ¥166,680,819.41 in the same period last year[9] - Cash flow from operating activities showed a significant decline of 91.06% to CNY 14.90 million compared to the same period last year[25] - Cash inflow from operating activities totaled $2.23 billion, compared to $1.36 billion in the previous period, representing an increase of 63.7%[83] - Cash outflow from operating activities was $2.22 billion, up from $1.20 billion in the previous period, an increase of 85.0%[86] - The ending balance of cash and cash equivalents was $113.97 million, a slight decrease from $116.83 million in the previous period[89] - The company reported a cash and cash equivalents balance of ¥8,378,946.56 at the end of the period, down from ¥14,860,183.99 in the previous period[94] - The company’s long-term borrowings remained stable at ¥408,382,136.76, indicating consistent financing strategies[98] - As of the reporting period, the company's debt-to-asset ratio was 67.69%, with short-term borrowings amounting to 269.2 million RMB, indicating potential financing risks due to macroeconomic changes[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,714,971,694.28, a slight increase of 0.03% from ¥10,712,173,725.02 at the end of the previous year[9] - Current assets totaled ¥5,574,678,715.88, compared to ¥5,625,834,007.83 at the end of 2020, indicating a decrease of approximately 0.91%[54] - Total liabilities were reported at ¥7,252,852,719.36, a slight decrease from ¥7,286,808,742.74[58] - Total liabilities amounted to CNY 7,286,808,742.74, a decrease of CNY 132,595,036.07 compared to the previous period[102] - The total equity attributable to shareholders reached ¥1,996,640,143.85, up from ¥1,956,141,134.59[61] - The company's total equity attributable to shareholders decreased to CNY 3,175,265,965.51, reflecting a loss of CNY -33,410,903.75 in undistributed profits[105] Shareholder Information - The total number of shareholders at the end of the reporting period was 46,614[14] - The top ten shareholders held a combined 49.67% of the company's shares, with the largest shareholder holding 15.04%[14] Research and Development - Research and development expenses increased by 56.79% to CNY 58.35 million, driven by new customer and product development[22] - The company is in the trial production phase for several key R&D projects, including foldable touch screens and OLED display modules[27] - The company is developing new technologies for e-ink touch display products, aiming for large-scale production[30] - The company is focusing on enhancing production efficiency and product quality through improved manufacturing processes and employee awareness[26] Strategic Initiatives - The company has invested a total of 6 billion yuan in the smart terminal technology park project, supported by local government incentives[34] - The company formed a joint venture, Shenzhen Interstellar Innovation Research Center Co., Ltd., with a registered capital of 10 million RMB, holding 80% stake, to develop consumer electronics and smart wearable devices[38] - The company invested 88 million RMB in Shenzhen Yier San Si Investment Development Co., Ltd. to participate in urban renewal projects, aiming to enhance R&D conditions and market expansion[37] Risk Management - The company faces risks related to technology innovation and product development, emphasizing the need for continuous R&D investment[33] - The company is actively monitoring policy risks and has implemented measures to manage operational risks amid the ongoing COVID-19 pandemic[37] - The company is focusing on enhancing management capabilities to mitigate risks associated with scale expansion[33] Compliance and Governance - The company has not reported any non-compliance with external guarantees during the reporting period[44] - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties during the reporting period[47] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[106]