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]

Financial Performance - Operating revenue for the quarter was ¥2,141,826,364.71, representing an 18.66% increase year-over-year[9]. - Net profit attributable to shareholders was ¥35,561,594.19, a decrease of 49.17% compared to the same period last year[9]. - Basic earnings per share were ¥0.04, down 42.86% from the previous year[9]. - The company reported a weighted average return on equity of 1.87%, a decrease of 2.29% compared to the previous year[9]. - The company's operating revenue for the current period reached ¥5,108,797,558.41, representing a 40.36% increase compared to ¥3,639,722,198.68 in the same period last year[33]. - The company's net profit for the current period is CNY 29,757,596.70, a decrease of 58.4% compared to CNY 71,570,754.84 in the previous period[74]. - The total comprehensive income for the current period is CNY 29,757,596.70, compared to CNY 71,570,754.84 in the previous period, indicating a significant decline[74]. - The total profit for the current period was ¥105,961,829.02, up from ¥35,571,060.61 in the previous period, representing an increase of approximately 197%[90]. Cash Flow - The net cash flow from operating activities was ¥52,235,169.86, showing a significant increase of 199.80% year-over-year[9]. - The net cash flow from operating activities improved significantly, reaching ¥140,691,765.82, a 148.06% increase from a net outflow of ¥292,729,265.43 in the previous year[36]. - Cash flow from operating activities was ¥4,332,388,015.88, compared to ¥3,385,163,591.96 in the previous period, showing an increase of about 27.9%[98]. - Cash inflow from financing activities was CNY 3,745,145,625.53, slightly down from CNY 3,837,807,612.70 in the previous period[11]. - Cash and cash equivalents at the end of the period amounted to CNY 151,666,563.43, down from CNY 464,548,710.26 in the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,850,748,899.28, an increase of 7.43% compared to the previous year[9]. - Total liabilities increased to ¥7,382,890,182.31 from ¥6,725,404,449.13, which is an increase of approximately 9.8%[55]. - The company's total liabilities rose to ¥3,260,649,521.03, compared to ¥2,732,355,387.91, marking an increase of approximately 19.3%[65]. - Long-term equity investments reached ¥200,000,000.00, a 100% increase attributed to new production lines and equipment upgrades[33]. - The company's total liabilities were CNY 6,725,404,449.13, indicating a significant leverage position[147]. Shareholder Information - The company had a total of 51,492 common shareholders at the end of the reporting period[13]. - The largest shareholder, Pingxiang Fantai Network Technology Co., Ltd., held 15.04% of the shares, totaling 144,056,026 shares[13]. Research and Development - Research and development expenses rose by 44.87% to ¥187,996,942.26, driven by increased investment in new customers and product development[33]. - Research and development expenses for the quarter were ¥67,927,003.51, compared to ¥49,972,069.30 in the previous year, reflecting a year-over-year increase of approximately 36%[70]. - Research and development expenses for the current period are CNY 9,145,216.81, up from CNY 7,880,771.58 in the previous period, reflecting a focus on innovation[77]. - Research and development expenses for the current period were ¥23,044,252.67, slightly up from ¥20,890,983.99 in the previous period, indicating a focus on innovation[91]. Market Expansion and Investments - The company plans to establish a wholly-owned subsidiary, Lianhua County Xingchen Technology Co., Ltd., to expand its market presence[37]. - The company intends to acquire a 48.75% stake in Jiangxi Xingxing and raise matching funds, although this plan was later terminated[37]. - The company is exploring market expansion strategies, although specific details were not disclosed in the report[146]. Financial Management - The company reported a financial expense of CNY 113,007,353.83 for the year-to-date, compared to CNY 102,764,449.04 in the previous year[83]. - The company reported a decrease in financial expenses, with interest expenses at ¥61,724,931.32 compared to ¥47,239,408.11 in the previous period, reflecting improved financial management[91].

Financial Performance - The company's operating revenue for the reporting period was CNY 2,966,971,193.70, representing a 61.71% increase compared to CNY 1,834,695,692.95 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was CNY 79,690,941.75, a significant turnaround from a loss of CNY 47,616,902.44, marking a 267.36% increase[24]. - The net profit after deducting non-recurring gains and losses was CNY 40,418,685.42, compared to a loss of CNY 81,001,593.97 in the previous year, reflecting a 149.90% improvement[24]. - The net cash flow from operating activities was CNY 88,456,595.96, a recovery from a negative cash flow of CNY 240,391,279.67, indicating a 136.80% increase[24]. - Basic earnings per share were CNY 0.08, up 260.00% from a loss of CNY 0.05 per share in the same period last year[24]. - The total assets at the end of the reporting period were CNY 10,237,217,743.17, a 1.36% increase from CNY 10,100,291,511.49 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company increased by 4.33% to CNY 1,921,914,602.01 from CNY 1,842,223,660.26 at the end of the previous year[24]. - The weighted average return on net assets was 4.23%, an increase of 7.13 percentage points from -2.90% in the same period last year[24]. Business Operations - The company’s main business includes manufacturing window protective screens, touch display modules, and precision structural components, primarily for consumer electronics such as smartphones and tablets[34]. - The window protection screen business generated revenue of CNY 66,619.83 million, up 111.18% year-on-year, benefiting from advanced production technologies in 3D forming and printing[52]. - The touch display module business reported revenue of CNY 81,627.39 million, an increase of 65.77% year-on-year, with a focus on expanding applications beyond mobile phones[53]. - Revenue from structural components reached CNY 135,778.93 million, reflecting a 50.62% year-on-year growth, supported by innovations in precision mold development and production technology[54]. - The company has established a solid customer base, including major brands like Huawei, Xiaomi, and Apple, to strengthen its market position[37]. - The company has developed advanced technologies such as 3D glass and NCVM technology, maintaining a leading position in the industry[41]. - The company is focusing on continuous innovation in manufacturing processes, including transparent circuit etching and high-precision silver paste printing technologies[42]. - The company is actively pursuing opportunities in the post-pandemic era, particularly in online education and healthcare, to drive demand for smart terminal products[37]. Investments and Projects - The company is investing CNY 6 billion in the Star Technology Smart Terminal Industrial Park project, which aims to create a comprehensive manufacturing base for electronic products[98]. - The total investment amount for the reporting period was ¥13,512,440.10, a decrease of 99.18% compared to ¥1,639,154,326.79 in the same period last year[72]. - The investment in the "Intelligent Terminal Metal CNC Precision Structural Parts Production Project" was ¥8,060,036.94, with a cumulative actual investment of ¥301,279,220.33 and expected returns of ¥41,912,800.00[72]. - The "3D Curved Glass Production Line Construction Project" received an investment of ¥5,452,403.16, with a cumulative actual investment of ¥146,832,294.61 and expected returns of ¥150,400,900.00[72]. - The "Xingxing Technology Intelligent Terminal Technology Park Project" has a cumulative actual investment of ¥2,100,000,000.00, with expected returns of ¥480,000,000.00[72]. - The total cumulative actual investment across all projects was ¥1,514,942,548.11, with expected returns of ¥672,313,700.00[72]. Legal and Compliance Issues - The company is currently facing litigation for claims totaling 324.50 million and 274.11 million, with some cases already judged[119]. - The company has ongoing litigation with claims of 225.23 million and 203.29 million, with some cases already decided[119]. - The company has been involved in various legal disputes, indicating potential impacts on financial performance and cash flow[116][119]. - The company is actively managing its legal challenges, which may affect future operational strategies and market expansion[116][119]. - The company reported a lawsuit involving a contract dispute with Guangdong Xianghai Group, with a claim amount of 8.23 million RMB[113]. - The company has several pending lawsuits with no judgments yet, including claims of 491.94 million and 434.83 million[116]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit according to the Zhejiang Provincial Environmental Protection Department, with major pollutants including COD and ammonia nitrogen in wastewater[171]. - The company has established a wastewater treatment station to ensure continuous monitoring and compliance with pollution discharge standards, achieving a total discharge of 4.38 tons/year for COD, well below the permitted 10.51 tons/year[171]. - The company has implemented an online monitoring system for wastewater discharge to ensure real-time compliance with environmental standards[176]. - The company is actively engaged in environmental management and has established emergency response plans for environmental incidents[175]. - The company has reported no incidents of exceeding pollutant discharge limits during the reporting period[171]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,808[196]. - The largest shareholder, Pingxiang Fantai Network Technology Co., Ltd., held 15.04% of the shares, totaling 144,056,026 shares[196]. - Shareholder Ye Xianyu held 10.27% of the shares, totaling 98,411,301 shares, with 84,580,000 shares pledged[199]. - Shareholder Mao Xiaolin held 5.00% of the shares, totaling 47,896,815 shares, with 35,475,000 shares pledged[199]. - The company reported a total of 137,812 restricted shares at the end of the reporting period[195]. - The number of restricted shares decreased by 138,961,423 shares during the reporting period[195]. - The number of unrestricted shares increased by 19,688 shares during the reporting period[195]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential operational risks[6]. - The company faces management risks due to expansion, necessitating improvements in management capabilities and the introduction of effective performance evaluation mechanisms[94]. - The company plans to enhance R&D capabilities and invest in new technologies to mitigate risks associated with technological innovation and market demands[96]. - The company plans to optimize its financial structure and reduce financial risks by expanding financing channels through equity financing[102]. - The company aims to enhance its cash flow by accelerating the collection of accounts receivable and strengthening relationships with banks for credit facilities[102].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 150 million RMB, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2019 was ¥6,343,779,354.54, representing a 66.12% increase compared to ¥3,818,837,377.29 in 2018[25]. - The net profit attributable to shareholders for 2019 was ¥174,250,984.93, a significant recovery from a loss of ¥1,698,958,184.50 in 2018, marking a 110.26% increase[25]. - The total profit reached 15,421.78 million yuan, compared to a loss of 174,764.89 million yuan in the same period last year, marking a turnaround to profitability[55]. - The net profit attributable to shareholders was 17,425.10 million yuan, compared to a loss of 169,895.82 million yuan in the previous year[55]. - The gross margin for the year was reported at 30%, a slight decrease from 32% in the previous year[19]. - The company achieved a basic earnings per share of ¥0.18 in 2019, compared to a loss of ¥1.76 per share in 2018, reflecting a 110.23% increase[25]. - The total assets at the end of 2019 were ¥10,100,291,511.49, a 23.97% increase from ¥8,147,385,847.65 at the end of 2018[25]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the upcoming year[19]. - The company's R&D investment was 23,990.67 million yuan, an increase of 6.66% from the previous year's 22,491.94 million yuan, accounting for 3.79% of total revenue[65]. - The company is actively developing several key technologies, including naked-eye 3D display technology and flexible touch panels, which are in various stages of research and trial production[91][94]. - The company aims to enhance its R&D capabilities by increasing investment and improving strategic planning to develop new products and technologies that align with industry trends[145]. - The number of R&D personnel increased to 1,713 in 2019, representing 19.33% of the total workforce[96]. Market Expansion - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2020[19]. - The company is focusing on expanding its market presence in automotive electronics, collaborating with international high-end automotive brands such as Mercedes-Benz, Mitsubishi, Hyundai, and Nissan[67]. - The company aims to enhance its "one-stop" strategy by increasing production capacity and expanding product structure into non-mobile product areas such as smart wearables and automotive electronics[41]. - The company plans to expand its market presence through new product development and technological advancements, enhancing its competitive edge[91][94]. Product Development - A new technology for flexible display panels is currently under development, expected to launch in Q3 2020[19]. - The company is focusing on expanding its product lines, including fingerprint recognition modules and automotive electronics, to meet the growing demand in the smart terminal market[36]. - The company has developed advanced technologies including 2.0D and 2.5D cover glass technology, NCVM technology, and is focusing on new products like 3D cover glass and anti-glare screens[44]. - The company is actively developing foldable touch screen technology to meet the needs of future smartphones and tablets, enhancing its competitive edge in the market[126]. Acquisitions and Partnerships - The company has acquired Xingxing Precision Technology (Dongguan) Co., Ltd. during the reporting period[42]. - The company completed the acquisition of 51% of Dongguan Precision in September 2019, which will be included in the consolidated financial statements[81]. - The company has established partnerships with renowned brands such as Huawei, Lenovo, Xiaomi, Sony, Apple, and Philips in the precision structural components sector[60]. Operational Efficiency - The company is focused on reducing production costs and improving yield rates through innovative manufacturing techniques[94]. - The company will continue to enhance operational efficiency and cost control while improving product quality through innovation and technology[133]. - The company is advancing automation projects to improve production efficiency and reduce labor costs, with a focus on automated detection systems and production processes[134]. Risk Management - The company faces management risks associated with its expansion, necessitating improvements in management capabilities and systems[141]. - The company is actively monitoring policy risks and aims to enhance its management capabilities to mitigate potential operational risks[148]. - The company has established a comprehensive management system to address potential risks associated with external investments[146]. Financial Policies - The company has no plans to distribute cash dividends or issue bonus shares for the year 2019[7]. - The company reported a total distributable profit of -1,367,987,927.86 yuan for the reporting period, with no cash dividends or stock bonuses distributed[157]. - The company has not engaged in any cash dividend distribution or share repurchase in 2018 and 2019, reflecting a focus on reinvestment[162]. Compliance and Governance - The company has committed to avoiding potential competition with its actual controllers and related parties, ensuring that they will not engage in similar business activities[166]. - The company has established a framework to ensure that all related party transactions are disclosed and approved according to relevant laws and regulations[168]. - The company has maintained strict adherence to its commitments during the reporting period, with no violations reported[175].