Group 1: Company Overview and Industry Trends - Zhejiang Xingxing Technology Co., Ltd. focuses on the R&D and manufacturing of window protective screens, touch display modules, and precision structural components, primarily for smartphones, tablets, wearables, and VR devices [2][3] - The company aims to become a "one-stop solution provider for smart terminal components," with future product segments including functional modules and structural modules [3] - The company is actively monitoring trends in the 5G industry, positioning its 3D cover glass and high-precision plastic structural components as key products for future 5G applications [3] Group 2: Financial Performance and Market Position - In the first three quarters of 2019, the company's revenue increased year-on-year, attributed to a focus on high-end window protective screens, non-mobile touch displays, and plastic structural components [4] - Major clients include well-known brands such as Huawei, Lenovo, Xiaomi, Nokia, LG, Sony, Dell, and Apple, indicating a strong market presence [4][5] Group 3: Competitive Advantages - The company has accumulated significant technical experience in glass cover production, particularly in 3D forming and printing, enhancing its competitive edge in the market [5] - The dual-glass solution ("glass panel + glass back") is becoming a trend for new-generation smartphones, allowing the company to strengthen its competitive advantages by integrating high-quality resources [5][6] Group 4: Strategic Development Goals - The company adheres to the principle that "the core of enterprise management is cost, the process is efficiency, and the result is benefit," focusing on a steady development approach [7] - The strategy emphasizes market and customer demand orientation, with a commitment to optimizing existing product structures and enhancing market competitiveness [7]

证券代码：300256 证券简称：星星科技 浙江星星科技股份有限公司投资者关系活动记录表 编号：20190514 | --- | --- | --- | |------------------------|------------------------------|--------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活动类别 | □ 新闻发布会 | □路演活动 | | | □ 现场参观 | | | | √投资者接待日活动 | | | | 广发证券：林信焱、林龙 | | | | 湘财证券：朱春兰 | | | 参与单位名称及人员姓名 | 台州电大：刘芹 | | | | 证券时报：李小平、张昊昱 | | | | 个人投资者：何帮省、尹国 | | | 时间 | 2019 年 5 月 14 日 | 9： 30 | | 地点 | | 浙江星星科技股份有限公司会议室 | | 上市公司接待人员姓名 | 董事长：王先玉 | | | --- | --- | |---------------- ...

证券代码：300256 证券简称：星星科技 浙江星星科技股份有限公司投资者关系活动记录表 编号：20180417 | --- | --- | --- | |------------------------|--------------------------|--------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活动类别 | □ 新闻发布会 | □路演活动 | | | □ 现场参观 | | | | √投资者接待日活动 | | | 参与单位名称及人员姓名 | 方正证券：王顺序 | | | | 海通证券：谢磊 | | | | 东吴证券：姚康 | | | | 安信证券：王海维 | | | | 东莞证券：吴文吉 | | | | 湘财证券：潘文标、朱春兰 | | | | 西南证券：黄宇 | | | | 金颐资本：瞿恩惠 | | | --- | --- | |----------------------|---------------------------------------| | | | | ...

证券代码：300256 证券简称：*ST 星星 编号：2022-001 江西星星科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------------------------|---------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 | 业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | | | □现场参观 □其他（请文字说明其他活动内容） | | | 董事长：兰子建先生 | | | | 董事兼总经理：刘志先生 | | | 活动参与人员 | 财务总监：董胜连先生 独立董事：管云德先生 | | | | | | | | 副总经理兼董事会秘书：王云女士 | | | | 参与公司 2021 | 年度网上业绩说明会的投资者 | | | | | | 时间 2022 | 年 6 月 29 日 | 15:00-17:00 | | 地点 | 深圳证券交 ...

江西星星科技股份有限公司 2022 年第三季度报告 证券代码：300256 证券简称：*ST 星星 公告编号：2022-150 江西星星科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人应光捷、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)曹和声明：保 证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-------------------------------------------------|---------------------|---------------------------|-------------------------- ...

江西星星科技股份有限公司 2022 年半年度报告全文 江西星星科技股份有限公司 2022 年半年度报告 2022 年 08 月 1 江西星星科技股份有限公司 2022 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、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人兰子建、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：保证本半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。 本半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、项目投资计划变更的风险、融资风险；此外，公司亦存在申请 撤销退市风险警示能否获得审核同意重大不确定性的风险、公司重整计划执 行不确定性的风险、涉嫌信息披露违法违规被立案调查结果不确定性的风险。 有关风险因素内 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=First%20Section%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) [Important Notice](index=2&type=section&id=Important%20Notice) The Board of Directors, Supervisory Committee, and senior management guarantee the report's truthfulness, accuracy, and completeness, while the auditor issued a modified opinion with a material uncertainty related to going concern and emphasis of matter paragraphs, highlighting significant risks and no profit distribution plan for 2021 - Zhongxingcai Guanghua Certified Public Accountants issued an unmodified audit opinion with a material uncertainty related to going concern and emphasis of matter paragraphs, advising investors to pay attention to relevant risks[5](index=5&type=chunk) - The company faces multiple risks, including technological innovation, loss of key personnel, project construction, financing, epidemic risks, uncertainty regarding delisting risk warning removal, corporate restructuring uncertainty, investigation for alleged information disclosure violations, and additional risk warnings on its stock[6](index=6&type=chunk)[8](index=8&type=chunk) - The company plans no cash dividends, bonus shares, or capital increase from capital reserves for 2021[9](index=9&type=chunk) [Table of Contents and Definitions](index=4&type=section&id=Table%20of%20Contents%20and%20Definitions) This section provides the report's complete directory structure and detailed explanations of professional terms and company abbreviations used, offering essential background information and definitions for understanding the report content [Company Profile and Key Financial Indicators](index=8&type=section&id=Second%20Section%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Information and Contact Details](index=8&type=section&id=Company%20Information%20and%20Contact%20Details) This section provides the company's basic business registration information, including registered name, stock code, address, and website, along with contact details for the Board Secretary and Securities Affairs Representative [Key Accounting Data and Financial Indicators](index=9&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In 2021, the company's operating revenue decreased by **37.76%** year-on-year, with net loss attributable to shareholders narrowing by **49.64%** to **RMB -1.385 billion**, while non-recurring adjusted net loss expanded to **RMB -6.938 billion**, total assets significantly shrank by **55.77%**, and operating cash flow improved to **RMB -383.37 million** Key Financial Indicators | Indicator | 2021 (RMB) | 2020 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,218,351,947.70 | 5,171,009,789.84 | -37.76% | | Net Profit Attributable to Shareholders | -1,384,901,965.66 | -2,750,193,806.47 | 49.64% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | -6,937,644,398.14 | -2,874,370,848.74 | -141.36% | | Net Cash Flow from Operating Activities | -383,369,666.54 | -1,873,644,247.88 | 79.54% | | Total Assets | 3,227,079,631.61 | 7,296,655,832.49 | -55.77% | | Net Assets Attributable to Shareholders | 321,048,059.06 | -2,372,153,735.33 | 113.53% | Non-Recurring Gains and Losses | Item | 2021 Amount (RMB) | 2020 Amount (RMB) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 5,479,446,282.14 | 21,245,816.01 | | Government Subsidies Included in Current Profit/Loss | 77,873,236.89 | 76,191,836.36 | | **Total** | **5,552,742,432.48** | **124,177,042.27** | - Non-recurring gains and losses in 2021 amounted to **RMB 5.553 billion**, primarily due to the derecognition of certain subsidiaries/sub-subsidiaries through restructuring and liquidation, which resulted in a **RMB 5.524 billion** increase in investment income at the consolidated level by reversing previously recognized undistributed profits[41](index=41&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=Third%20Section%20Management%20Discussion%20and%20Analysis) [Industry Overview](index=12&type=section&id=Industry%20Overview) The company operates in the computer, communication, and other electronic equipment manufacturing sector, specifically in display device manufacturing (window protection screens, touch display modules) and precision structural component manufacturing, benefiting from growing market demand and supportive national industrial policies - The company's main business falls under display device manufacturing (C3974) and other electronic device manufacturing (C3979), with products including window protection screens, touch display modules, and precision structural components[46](index=46&type=chunk) - The company possesses mature 2D/2.5D and leading NCVM technologies in window protection screens, with a focus on developing new technologies like 3D cover glass and AR window protection screens, while also mastering high-precision etching, bonding, nano-molding, and vacuum coating in touch display and precision structural components[50](index=50&type=chunk)[51](index=51&type=chunk) - National industrial policies, such as the "Guidance Catalogue for Key Products and Services in Strategic Emerging Industries" and the "Catalogue for Guiding Industrial Structure Adjustment," encourage the development of smart terminal devices and new electronic components, providing a favorable policy environment for the industry's growth[54](index=54&type=chunk)[55](index=55&type=chunk) [Main Business and Operating Model](index=13&type=section&id=Main%20Business%20and%20Operating%20Model) The company primarily engages in R&D and manufacturing of window protection screens, touch display modules, and precision structural components for consumer electronics, utilizing a direct sales model with customized production based on customer orders and maintaining a stable supplier system for procurement - The company's business is divided into three segments: window protection screens, touch displays, and precision structural components, primarily applied in consumer electronics such as mobile phones, tablets, and wearable devices[56](index=56&type=chunk) - The company employs a direct sales model, producing customized products based on customer orders to avoid inventory buildup, and evaluates suppliers comprehensively and regularly to ensure raw material quality and timely supply[58](index=58&type=chunk)[59](index=59&type=chunk)[64](index=64&type=chunk) [Core Competitiveness Analysis](index=15&type=section&id=Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its advanced process technology, integrated one-stop solution capabilities, stable high-quality customer base, talent pool, and lean-intelligent factory management, enabling it to provide comprehensive supply services to leading clients like Huawei, Xiaomi, Apple, and Tesla - The company offers "one-stop" supply and service capabilities, with product lines covering a full range of structural components and touch display parts for smart mobile terminals, providing comprehensive production services to clients[70](index=70&type=chunk) - The company boasts a high-quality and stable customer base, including well-known domestic and international brands such as Huawei, Lenovo, Xiaomi, Apple, Tesla, and Motorola[71](index=71&type=chunk) - The company possesses multiple industry-leading technologies in window protection screens, touch displays, and precision structural components, including AG/AR/AF composite technology, ultra-fine metal mesh touch technology, and nano-molding technology[69](index=69&type=chunk) [Main Business Analysis](index=16&type=section&id=Main%20Business%20Analysis) In 2021, the company faced significant challenges, with total operating revenue decreasing by **37.76%** and net loss attributable to shareholders narrowing to **RMB -1.385 billion** due to cost control and cessation of low-margin orders, though non-recurring adjusted net loss expanded to **RMB -6.938 billion** primarily due to accounting treatments related to subsidiary restructuring and asset impairment losses, prompting plans for product transformation, cost reduction, and technological innovation Key Financial Performance | Indicator | 2021 | 2020 | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue (RMB 10,000) | 321,835.19 | 517,100.98 | -37.76% | | Net Profit Attributable to Shareholders (RMB 10,000) | -138,490.20 | -275,019.38 | 49.64% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (RMB 10,000) | -693,764.44 | -287,437.08 | -141.36% | - The significant disparity between net profit and non-recurring adjusted net profit is primarily due to: the derecognition of certain subsidiaries/sub-subsidiaries through restructuring and liquidation, which resulted in **RMB 5.524 billion** in investment income recognized as non-recurring gains and losses; and the recognition of **RMB 6.096 billion** in asset and credit impairment losses as recurring expenses[77](index=77&type=chunk) - The company plans to implement multiple measures to improve profitability, including: deepening product transformation and upgrading, focusing on high-margin products like wearables, laptops, and automotive displays; accelerating resource integration to reduce operating costs such as factory rent; comprehensively promoting lean production to improve yield and efficiency; restructuring procurement models to enhance cost reduction efforts[77](index=77&type=chunk)[78](index=78&type=chunk) [Revenue and Cost](index=17&type=section&id=Revenue%20and%20Cost) In 2021, the company's three main product categories experienced revenue declines, with structural components decreasing by **52.71%** and touch displays by **23.07%**, while window protection screens remained stable, and overall gross margin significantly improved to **-4.42%** from **-15.50%**, with all product segments showing improved gross margins, and inventory volume sharply decreased by **95.34%** due to changes in consolidation scope Revenue and Gross Margin by Product Category | Product Category | Operating Revenue (RMB) | YoY Change | Gross Margin | Gross Margin YoY Change | | :--- | :--- | :--- | :--- | :--- | | Touch Display | 888,464,691.64 | -23.07% | 1.84% | +8.97pp | | Window Protection Screen | 807,471,802.12 | +0.17% | -5.10% | +8.30pp | | Structural Components | 1,422,771,407.17 | -52.71% | -10.79% | +9.25pp | | **Total** | **3,218,351,947.70** | **-37.76%** | **-4.42%** | **+11.08pp** | - Inventory volume decreased by **95.34%** year-on-year, primarily because the consolidation scope changed due to the restructuring of subsidiaries Xingxing Touch and Xingxing Precision, and the bankruptcy liquidation of Dongguan Precision and Xingxing Glass, resulting in the exclusion of these companies' data from year-end inventory[85](index=85&type=chunk) - During the reporting period, the consolidation scope changed, with 6 new subsidiaries added and 4 subsidiaries reduced due to consolidated restructuring, bankruptcy liquidation, and deregistration[87](index=87&type=chunk) [Expenses](index=20&type=section&id=Expenses) In 2021, the company's selling and R&D expenses significantly decreased by **34.68%** and **38.79%** respectively, due to team optimization and reduced R&D activities, while financial expenses declined by **14.73%** due to reduced loan sizes, but administrative expenses increased by **31.59%** primarily due to higher consulting fees and the inclusion of depreciation and rent from idled companies Expense Breakdown | Expense Item | 2021 (RMB) | 2020 (RMB) | YoY Change | Main Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 26,837,124.54 | 41,084,373.72 | -34.68% | Optimization and integration of sales team | | Administrative Expenses | 475,582,672.11 | 361,418,534.39 | 31.59% | Increase in consulting fees and inclusion of depreciation and rent from idled companies | | Financial Expenses | 205,244,976.49 | 240,706,597.88 | -14.73% | Reduction in loan size | | R&D Expenses | 185,747,431.00 | 303,480,800.20 | -38.79% | Decrease in R&D personnel and material consumption | [R&D Investment](index=20&type=section&id=R%26D%20Investment) The company continues to invest in R&D, focusing on cutting-edge areas such as 3D wearable cover glass, automotive screen technology, flexible foldable display modules, Metal Mesh touchscreens, and automation equipment development, with total R&D investment of **RMB 185.75 million** in the reporting period, representing **5.77%** of operating revenue, despite a **68.47%** reduction in R&D personnel due to streamlining, equity transfers, and subsidiary restructuring - The company's R&D projects focus on multiple areas, including 3D wearables, automotive applications, flexible folding, e-paper displays, Mini LED, and automated production, aiming to enhance technological advantages and explore new markets[97](index=97&type=chunk)[100](index=100&type=chunk)[103](index=103&type=chunk) R&D Investment Metrics | Indicator | 2021 | 2020 | Change | | :--- | :--- | :--- | :--- | | R&D Investment Amount (RMB) | 185,747,431.00 | 303,480,800.20 | -38.79% | | R&D Investment as % of Revenue | 5.77% | 5.87% | -0.10pp | | Number of R&D Personnel | 426 | 1,351 | -68.47% | - The significant reduction in R&D personnel is primarily due to company streamlining (**240** fewer people), transfer of subsidiary equity (**174** fewer people), and the restructuring and liquidation of subsidiaries/sub-subsidiaries (**511** fewer people)[106](index=106&type=chunk) [Cash Flow](index=24&type=section&id=Cash%20Flow) During the reporting period, net cash flow from operating activities was **RMB -383.37 million**, a **79.54%** improvement year-on-year due to increased sales collections, while net cash flow from investing activities was **RMB -286.42 million**, a **77.72%** improvement due to reduced asset purchases and investment expenditures, and net cash flow from financing activities was **RMB 638.30 million**, a **78.15%** decrease due to reduced borrowings and external financing Cash Flow Summary | Item | 2021 (RMB) | 2020 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -383,369,666.54 | -1,873,644,247.88 | 79.54% | | Net Cash Flow from Investing Activities | -286,423,318.38 | -1,285,616,563.57 | 77.72% | | Net Cash Flow from Financing Activities | 638,297,848.02 | 2,921,650,240.44 | -78.15% | | Net Increase in Cash and Cash Equivalents | -38,416,989.96 | -239,703,020.87 | 83.97% | - The significant discrepancy between net cash flow from operating activities and net profit is primarily due to **RMB 5.523 billion** in non-cash investment income from subsidiary restructuring and derecognition, and **RMB 6.096 billion** in non-cash asset and credit impairment losses[110](index=110&type=chunk) [Future Development Outlook](index=29&type=section&id=Future%20Development%20Outlook) The company anticipates future growth in window protection screens towards 3D curved, flexible foldable (UTG), and automotive applications, with significant potential in touch displays for medium-to-large and flexible foldable segments, strategically positioning itself as a "one-stop solution provider for smart terminal components" through industrial layout optimization, intelligent manufacturing, R&D innovation, and customer expansion, while acknowledging significant risks including technological innovation, talent loss, financing difficulties, restructuring uncertainties, and potential delisting due to ongoing investigations - The company's strategic positioning is a "one-stop solution provider for smart terminal components," focusing on optimizing product structure and leveraging vertical industry chain advantages around this "one-stop" strategy[143](index=143&type=chunk)[145](index=145&type=chunk) - The 2022 operating plan includes: adapting to 5G trends to improve industrial layout, promoting intelligent manufacturing for quality and efficiency enhancement, strengthening R&D innovation, actively expanding "large and strong" customer relationships, and reinforcing internal system construction and appraisal mechanisms[146](index=146&type=chunk)[147](index=147&type=chunk)[149](index=149&type=chunk)[154](index=154&type=chunk) - The company faces significant risks, including: technological innovation risk, risk of core technical personnel loss, financing risk, uncertainty regarding the application for delisting risk warning removal, corporate restructuring uncertainty, and the risk of mandatory delisting due to investigation for alleged information disclosure violations[155](index=155&type=chunk)[160](index=160&type=chunk)[163](index=163&type=chunk)[165](index=165&type=chunk) [Corporate Governance](index=34&type=section&id=Fourth%20Section%20Corporate%20Governance) [Overview of Corporate Governance](index=34&type=section&id=Overview%20of%20Corporate%20Governance) During the reporting period, the company operated in strict compliance with relevant laws and regulations, continuously improving its corporate governance structure and internal control system, maintaining independence from its controlling shareholder in business, assets, finance, personnel, and organization, with no significant discrepancies between its actual governance status and CSRC regulations - The company's corporate governance structure complies with relevant laws and regulations, maintaining independence from its controlling shareholder and actual controller in business, personnel, assets, organization, and finance[171](index=171&type=chunk)[172](index=172&type=chunk)[181](index=181&type=chunk) [Information on Directors, Supervisors, and Senior Management](index=36&type=section&id=Information%20on%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) This section details the basic information, shareholding changes, professional experience, and remuneration of the company's directors, supervisors, and senior management during the reporting period, noting frequent personnel changes and regulatory warnings or criticisms for some current and former executives regarding information disclosure issues - During the reporting period, there were frequent changes in the company's directors, supervisors, and senior management, including changes in key positions such as Chairman, Director, Supervisor, General Manager, Deputy General Manager, and Chief Financial Officer[197](index=197&type=chunk)[200](index=200&type=chunk) - Several current and former senior executives, including Pan Qingshou, Liu Jianxun, and Liu Langwen, received public criticisms from the Shenzhen Stock Exchange or warning letters from the Zhejiang Securities Regulatory Bureau within the past three years for information disclosure violations such as inaccurate performance forecasts and untimely disclosure of related party transactions[212](index=212&type=chunk) [Internal Control](index=49&type=section&id=Internal%20Control) During the reporting period, the company focused on improving its internal control system, enacting 2 new policies and revising 10 existing ones, yet identified a material weakness in financial reporting internal control related to accounting errors in the 2020 financial statements, necessitating restatements for 2019, 2020, and Q1 2021, with corrective measures including appointing a new auditor, enhancing the internal control system, and strengthening internal supervision, which were completed by the end of the reporting period - A material weakness in financial reporting internal control was identified during the reporting period, involving accounting errors in the 2020 financial statements, leading to error corrections for the 2019, 2020, and Q1 2021 financial statements[245](index=245&type=chunk)[248](index=248&type=chunk) - To address the material weakness in internal control, the company implemented corrective measures, including appointing Zhongxingcai Guanghua Certified Public Accountants for a comprehensive audit and disclosing correction announcements, while also improving the internal control system, strengthening supervision, and conducting internal training, with the defect rectified by the end of the reporting period[248](index=248&type=chunk) [Environmental and Social Responsibility](index=53&type=section&id=Fifth%20Section%20Environmental%20and%20Social%20Responsibility) [Significant Environmental Issues](index=53&type=section&id=Significant%20Environmental%20Issues) The company and several subsidiaries are designated as key pollutant discharge units, primarily for COD and ammonia nitrogen in wastewater, and VOCs, benzene, and toluene in exhaust gas, with treatment facilities and discharge permits in place, though two Shenzhen subsidiaries received administrative penalties for exceeding exhaust gas standards and failing to complete clean production audits on time - The company and its subsidiaries Jiangxi Xingxing, Taizhou Optoelectronics, Pingxiang Xingzhu, and Xingxing Precision (Shenzhen) are designated as key pollutant discharge units, with main pollutants being wastewater (COD, ammonia nitrogen) and exhaust gas (VOCs, benzene compounds)[260](index=260&type=chunk)[264](index=264&type=chunk) Environmental Penalties | Company/Subsidiary Name | Reason for Penalty | Violation | Penalty Result | | :--- | :--- | :--- | :--- | | Xingxing Precision Technology (Shenzhen) Co., Ltd. Pingshan Branch | B-class atmospheric pollutant exhaust gas exceedance | Exceedance of spraying exhaust gas standards | Fine of RMB 200,000 | | Xingxing Precision Technology (Shenzhen) Co., Ltd. Jinlong Branch | Failure to complete mandatory clean production audit on time | Failure to pass clean production | Fine of RMB 50,000 | [Significant Matters](index=57&type=section&id=Sixth%20Section%20Significant%20Matters) [Fulfillment of Commitments](index=57&type=section&id=Fulfillment%20of%20Commitments) During the reporting period, commitments made by the controlling shareholder Pingxiang Fantike, the actual controller Pingxiang Economic Development Zone Management Committee, and other related parties regarding ensuring the listed company's independence, avoiding horizontal competition, and regulating related party transactions were being fulfilled, with some commitments by senior management regarding tenure and non-compete clauses already completed [Explanation of Non-Standard Audit Report](index=60&type=section&id=Explanation%20of%20Non-Standard%20Audit%20Report) Regarding the auditor's unmodified opinion with "material uncertainty related to going concern" and "emphasis of matter paragraphs," the company's Board of Directors, Supervisory Committee, and independent directors acknowledge that it objectively reflects the company's situation and risks due to pre-restructuring and CSRC investigation, and the company will cooperate with the court and CSRC to mitigate adverse effects - The "material uncertainty related to going concern" paragraph in the audit report indicates that the company initiated pre-restructuring by court decision in August 2021, suggesting significant doubts about its ability to continue as a going concern[297](index=297&type=chunk) - The "emphasis of matter paragraph" in the audit report notes that the company was investigated by the China Securities Regulatory Commission in September 2021 for alleged information disclosure violations, with the investigation ongoing and results uncertain as of the report date[297](index=297&type=chunk) - The company's Board of Directors believes the audit opinion aligns with the company's actual situation and states that it will actively take measures, cooperating with the court's pre-restructuring work and the CSRC's investigation, to mitigate adverse effects as soon as possible, though the timeline for mitigation cannot yet be estimated[298](index=298&type=chunk)[299](index=299&type=chunk) [Correction of Major Accounting Errors](index=62&type=section&id=Correction%20of%20Major%20Accounting%20Errors) The company made significant accounting error corrections to its 2019, 2020, and Q1 2021 financial statements, including adjustments to revenue and costs, increases in other payables, additional goodwill impairment provisions, and corrections to the consolidation scope, with these restatements having a material impact on prior period financial data - The company retrospectively restated its 2019 and 2020 financial statements, with key correction items including: - **Revenue and Cost Adjustments**: Decreased 2019 and 2020 revenue by **RMB 1.439 billion** and **RMB 3.127 billion** respectively - **Increase in Other Payables**: Increased 2019 and 2020 other payables by **RMB 182 million** and **RMB 1.157 billion** respectively - **Additional Goodwill Impairment**: Provided additional goodwill impairment of **RMB 147 million** and **RMB 729 million** for 2019 and 2020 respectively[306](index=306&type=chunk) [Bankruptcy Reorganization and Major Lawsuits](index=64&type=section&id=Bankruptcy%20Reorganization%20and%20Major%20Lawsuits) The company itself initiated pre-restructuring in August 2021, while several subsidiaries also entered bankruptcy reorganization or liquidation, including Dongguan Precision (liquidation), Xingxing Glass (liquidation), and Xingxing Touch and Xingxing Precision (substantive consolidated reorganization), in addition to facing multiple significant lawsuits with substantial amounts involved, primarily related to equity transfer contract disputes and financial loan contract disputes - The company initiated pre-restructuring by court decision in August 2021 following a creditor's application, with the pre-restructuring period extended until May 22, 2022[318](index=318&type=chunk)[886](index=886&type=chunk) - Multiple subsidiaries entered judicial proceedings: subsidiaries Dongguan Precision and sub-subsidiary Xingxing Glass were ruled to undergo bankruptcy liquidation; subsidiaries Xingxing Touch and Xingxing Precision were ruled by the court to undergo substantive consolidated reorganization[318](index=318&type=chunk)[321](index=321&type=chunk) - The company is involved in multiple significant lawsuits, including an equity transfer dispute with Lite-On Mobile Pte. Ltd. (**RMB 336 million** involved) and financial loan contract disputes with several banks[325](index=325&type=chunk) [Share Changes and Shareholder Information](index=79&type=section&id=Seventh%20Section%20Share%20Changes%20and%20Shareholder%20Information) [Share Changes and Shareholder Information](index=79&type=section&id=Share%20Changes%20and%20Shareholder%20Information) As of the end of the reporting period, the company's total share capital was **957,936,396 shares**, with no significant changes in share structure and a total of **41,920 shareholders**, where Pingxiang Fantike Network Technology Co., Ltd. is the controlling shareholder with a **15.04%** stake, and Pingxiang Economic and Technological Development Zone Management Committee is the actual controller, with Pingxiang Zhongzhou Xinan Commercial Management Center and Shenzhen Demao Investment Development Co., Ltd. among the top ten shareholders having pledged and frozen shares Top Ten Shareholders | Shareholder Name | Shareholder Type | Shareholding Percentage | Shares Held at Period End | Share Status | | :--- | :--- | :--- | :--- | :--- | | Pingxiang Fantike Network Technology Co., Ltd. | Domestic Non-State-Owned Legal Person | 15.04% | 144,056,026 | - | | Pingxiang Zhongzhou Xinan Commercial Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 3.00% | 28,742,337 | Pledged/Frozen | | Shenzhen Demao Investment Development Co., Ltd. | Domestic Non-State-Owned Legal Person | 2.58% | 24,718,728 | Pledged | | Xingxing Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.45% | 13,890,026 | - | | Ye Xianyu | Domestic Natural Person | 1.27% | 12,197,017 | - | - The company's controlling shareholder is Pingxiang Fantike Network Technology Co., Ltd., and the actual controller is Pingxiang Economic and Technological Development Zone Management Committee[400](index=400&type=chunk)[404](index=404&type=chunk) [Preferred Shares Information](index=85&type=section&id=Eighth%20Section%20Preferred%20Shares%20Information) [Preferred Shares Information](index=85&type=section&id=Preferred%20Shares%20Information) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[410](index=410&type=chunk) [Bond Information](index=86&type=section&id=Ninth%20Section%20Bond%20Information) [Bond Information](index=86&type=section&id=Bond%20Information) During the reporting period, the company had no bond-related information - The company had no bond-related information during the reporting period[414](index=414&type=chunk) [Financial Report](index=87&type=section&id=Tenth%20Section%20Financial%20Report) [Audit Report](index=87&type=section&id=Audit%20Report) Zhongxingcai Guanghua Certified Public Accountants issued an unmodified audit opinion with a material uncertainty related to going concern and emphasis of matter paragraphs for the company's 2021 financial statements, primarily due to the company's pre-restructuring initiation and ongoing CSRC investigation for alleged information disclosure violations, with key audit matters including significant non-routine transactions and revenue recognition - The audit opinion type is "unmodified opinion with a material uncertainty related to going concern paragraph and emphasis of matter paragraph"[417](index=417&type=chunk) - Material uncertainty related to going concern: The company initiated pre-restructuring by court decision in August 2021, which may raise significant doubts about its ability to continue as a going concern[419](index=419&type=chunk) - Emphasis of matter: The company was investigated by the China Securities Regulatory Commission in September 2021 for alleged information disclosure violations, with the investigation ongoing as of the report date[420](index=420&type=chunk) - Key audit matters include: 1. Significant non-routine transactions: including the receipt of equity donations from related parties, related party debt forgiveness, and the bankruptcy reorganization of some subsidiaries 2. Revenue recognition: due to its significance as a financial indicator and the inherent risk of management override[424](index=424&type=chunk)[428](index=428&type=chunk) [Financial Statements](index=90&type=section&id=Financial%20Statements) This section presents the company's consolidated and parent company financial statements for 2021, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity, accompanied by detailed notes on financial statement items, related party transaction disclosures, and other significant matters

[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 ...