证券代码：300301 证券简称：*ST长方 深圳市长方集团股份有限公司 投资者关系活动记录表 编号：2023 -001 投资者关系活动类别 ☐特定对象调研 ☐分析师会议 ☐媒体采访 业绩说明会 ☐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） 参与单位名称及人员 线上参与公司2022年度业绩说明会的全体投资者 姓名 时间 2023年05月23日 15:00-17:00 地点 价值在线（https://www.ir-online.cn/） 上市公司接待人员姓名 董事长 王敏 独立董事 朱星文 总经理 吴涛祥 财务负责人 陈君维 董事会秘书 江玮 投资者关系活动主要 1.公司王董事长随南昌大学老师拿了国家发明一等 奖，也得到了南昌市国资委的大力支持，怎么在长方集 团业绩上就没有体现呢？要想玩一家上市公司，要么有 技术能力，要么有资金实力，现在长方净资产已跌到约 内容介绍 1.7亿，靠董事长及其兄弟个人借款一个多亿的融资能 力，对公司未来发展，是不是杯水车薪？总之，王董事 长有何高招高见，把长方经营规模和盈利搞上去？如果 | --- | |-------------------------- ...

证券代码：300301 证券简称：*ST长方 公告编号：2023-065 深圳市长方集团股份有限公司 关于举办2022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。 重要内容提示： 会 议 问 题 征 集 ： 投 资 者 可 于 2023 年 05 月 23 日 前 访 问 网 址 https://eseb.cn/14CdvqM1Phu 或使用微信扫描下方小程序码进行会前提问，公司将通过 本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 深圳市长方集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日在巨潮 资讯网上披露了《2022 年年度报告》及《2022 年年度报告摘要》。为便于广大投资 者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2023 年 05 月 23 日（星期二）15:00-17:00 在"价值在线"（www.ir-online.cn）举办 2022 年度业绩说明 会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。 一、说明会召开的时间、地点和方式 会议召开时间：2 ...

深圳市长方集团股份有限公司 2023 年第一季度报告 证券代码：300301 证券简称：*ST 长方 公告编号：2023-052 深圳市长方集团股份有限公司 2023 年第一季度报告 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、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一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 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减（%） | | --- | --- | --- | --- | | 营业收入（元） | 150,091,980.78 | 212,704,197.94 | -29.44% | | 归属于上市公司股东的净利润（元） | -18,633,430.33 | -34,42 ...

深圳市长方集团股份有限公司 2022 年第一季度报告全文 证券代码：300301 证券简称：*ST 长方 公告编号：2023-063 深圳市长方集团股份有限公司 2022 年第一季度报告 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、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完整。 3.第一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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 212,704,197.94 | 272,686,932.62 | -22.00% | | 归属于上市公司股东的净利润（元） | -34,424,079.07 | -18 ...

Financial Performance - In 2021, the company experienced a significant decline in performance due to various factors, including the impact of public health events and a slowdown in the real estate market, leading to a substantial decrease in demand for LED lighting products [5]. - The company's revenue and profit margins were adversely affected by rising costs of raw materials such as plastics, silicone, and copper, resulting in a decrease in gross margin [6]. - The company reported a substantial increase in impairment provisions for goodwill, equipment, and inventory compared to the previous year [6]. - The company's operating revenue for 2021 was ¥1,588,688,241.27, representing a 21.94% increase compared to ¥1,302,857,482.94 in 2020 [22]. - The net profit attributable to shareholders was -¥281,971,134.60, a decrease of 51.04% from -¥186,683,429.58 in the previous year [22]. - The net cash flow from operating activities was -¥98,820,242.45, a significant decline of 167.34% compared to ¥146,741,880.42 in 2020 [22]. - The total assets at the end of 2021 were ¥1,342,735,457.25, down 41.64% from ¥2,300,857,710.93 at the end of 2020 [22]. - The company's weighted average return on equity was -50.54%, a decrease of 33.55% from -16.99% in 2020 [22]. - The company reported a significant asset impairment loss of -¥101,394,990.70, which accounted for 56.55% of total profit, primarily due to inventory and fixed asset impairment losses [68]. - The company reported a net profit of -301,478,808.6 CNY for the year 2021, leading to a cumulative undistributed profit of -1,396,743,963.82 CNY at the end of the reporting period [127]. Market Conditions and Competition - The company is facing significant price competition due to a temporary oversupply in the domestic LED packaging and application market [6]. - The company noted that the manufacturing orders improved in the first half of 2021 but faced challenges in the second half due to the emergence of new virus variants and prolonged shipping times [5]. - The domestic market for general lighting has a penetration rate exceeding 75%, but growth in the replacement lighting market remains weak due to a sluggish real estate market [32]. - The competitive landscape in the LED packaging segment is intensifying, leading to a concentration of manufacturing capabilities among leading firms [33]. - The company faces significant price competition due to a temporary oversupply in the domestic LED packaging and application market, influenced by the slowdown in the real estate sector [37]. Research and Development - The company plans to enhance its research and development efforts in high-end lighting products and energy storage solutions, although progress has been limited due to funding constraints [6]. - The company has completed 100% of its major R&D projects, including the development of various lighting products and technologies [62]. - The company's R&D investment amounted to ¥69,113,700.13 in 2021, representing 4.35% of operating revenue, a decrease from 7.57% in 2020 [64]. - The company plans to increase R&D investment to enhance competitiveness, focusing on full-spectrum LED packaging and expanding into new markets such as plant lighting and health lighting [89]. - Investment in R&D increased by 30%, totaling 200 million RMB, focusing on new technologies in the semiconductor and LED lighting sectors [107]. Strategic Initiatives - The company has maintained its commitment to strategic development and market expansion despite the adverse conditions in 2021 [6]. - The company is focusing on high-end product development and energy storage business, but progress has been hindered by funding limitations and prolonged disposal times of its Huizhou industrial park [38]. - The company aims to integrate industry chain resources to strengthen profitability by adjusting product structure and implementing strict cost control measures [90]. - The marketing strategy will be refined to target different customer needs and expand into new product categories for outdoor and health-related applications [90]. - The company plans to adjust product prices in response to raw material price increases to mitigate profit impacts [93]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring no significant discrepancies with the guidelines set by the China Securities Regulatory Commission [97]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements [98]. - The company has established a comprehensive internal control system, with the board of directors overseeing its implementation and effectiveness [128]. - A significant internal control deficiency was identified in the subsidiary Kangmingsheng, which may affect the accuracy of inventory data [129]. - The company emphasizes the protection of shareholder rights by adhering to relevant laws and regulations, ensuring timely and accurate information disclosure to investors [145]. Employee and Management Structure - The total number of employees at the end of the reporting period is 3,220, with 442 in the parent company and 2,778 in major subsidiaries [121]. - The professional composition includes 2,618 production personnel, 111 sales personnel, 274 technical personnel, 33 financial personnel, and 184 administrative personnel [121]. - The company has a total of 16 directors, supervisors, and senior management personnel, with a total remuneration of 4.0018 million yuan during the reporting period [113]. - The company’s management team includes 2 senior executives, both of whom are Chinese nationals [110]. - The company has not faced any penalties from securities regulatory authorities in the past three years [112]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies [106]. - The company aims to improve its gross margin by 5% through cost optimization and efficiency improvements in production processes [104]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [108]. - The company introduced two new product lines, which are expected to contribute an additional 300 million RMB in revenue over the next year [106]. - The company will actively utilize market financing tools to support operational development and improve asset management efficiency [90].

Financial Performance - The company's performance in 2022 saw a significant decline due to the impact of global macroeconomic conditions and domestic real estate regulations, leading to a decrease in sales revenue[4]. - The company's operating revenue for 2022 was ¥728,418,087.74, a decrease of 54.15% compared to ¥1,588,688,241.27 in 2021[22]. - The net profit attributable to shareholders for 2022 was -¥224,883,612.81, an improvement of 20.25% from -¥370,009,786.77 in 2021[22]. - The net cash flow from operating activities was -¥95,896,935.04, showing a slight improvement of 2.96% compared to -¥98,820,242.45 in 2021[22]. - The total assets at the end of 2022 were ¥995,270,211.19, down 25.88% from ¥1,699,245,494.41 at the end of 2021[22]. - The net assets attributable to shareholders decreased by 53.94% to ¥192,042,829.90 in 2022 from ¥786,295,401.73 in 2021[22]. - The company reported a basic earnings per share of -¥0.2846 for 2022, an improvement of 20.26% from -¥0.4683 in 2021[22]. - The company reported a significant decline in sales volume across various product lines, including a 99.88% drop in sales of brackets[61]. - The company reported a significant asset impairment loss of ¥63,238,501.22, accounting for 27.13% of total profit, primarily due to fixed asset and inventory write-downs[72]. Production and Costs - The production costs increased due to price hikes in raw materials such as phosphors and lithium batteries, resulting in a lower gross margin[4]. - The gross margin for the industrial sector was 8.77%, a decrease of 5.61% compared to the previous year[60]. - The cost of direct materials for the industrial sector was ¥500,725,250.36, accounting for 77.71% of total costs, down 29.20% from ¥707,246,778.81 in 2021[64]. - The company faced increased production costs due to rising prices of raw materials like phosphors and lithium batteries, leading to a decrease in gross margin[39]. Strategic Initiatives - Future strategies include increasing R&D investment, promoting technological and design innovation, and adjusting product structures to improve efficiency and market competitiveness[5]. - The company aims to further integrate upstream and downstream resources in the industry to enhance market share and improve operational performance[5]. - The company plans to enhance product R&D and marketing efforts, focusing on high-efficiency light sources and expanding into overseas markets, particularly India[84]. - The company aims to optimize asset allocation and improve cash flow efficiency by revitalizing assets and exploring various financing methods to support operational needs[86]. - Cost reduction strategies will be implemented, including lean manufacturing practices and optimizing product design to lower manufacturing costs and improve asset utilization[87]. Management and Governance - The internal control audit report issued by the accounting firm indicated a negative opinion, highlighting areas for improvement in governance[3]. - The governance structure of the company complies with relevant laws and regulations, ensuring the protection of shareholder rights and interests[98]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance requirements[99]. - The company maintains independence in business operations, personnel management, and financial decision-making from its controlling shareholder[102]. - The company is enhancing its performance evaluation and incentive mechanisms for senior management to align their performance with compensation[100]. Market Conditions - The semiconductor lighting industry faced a decline in demand and rising costs, with an overall industry scale expected to drop by 13.2% in 2022[33]. - In 2022, the revenue from LED packaging in mainland China was approximately 77.8 billion yuan, a decrease of 15% compared to the previous year[34]. - The output value of downstream applications in 2022 was 569.1 billion yuan, down 13.1% year-on-year, with the general lighting market size around 274 billion yuan[34]. Challenges and Risks - The company faced challenges in financing and capital utilization due to continuous losses and risk warnings on stock trading, impacting its ability to meet order demands[5]. - The company is facing uncertainties regarding its ability to continue as a going concern, as indicated by the recent audit report[23]. - The company has experienced continuous losses in recent years, leading to liquidity risks due to limited financing options and increased market competition[92]. - Rising raw material prices and labor costs are impacting profit margins, with the company planning to enhance cost control and adjust product pricing accordingly[93]. Human Resources - The company has a total of 2,337 employees receiving salaries, with 276 retired employees for whom the company bears costs[129]. - The number of R&D personnel decreased by 39.24% to 223, with a significant drop in the number of employees holding a bachelor's degree[68]. - The company has implemented a comprehensive human resources management system to ensure competitive compensation and benefits for employees[130]. - The company is focused on continuous improvement in human resource management to attract and retain high-level talent[91]. Legal and Compliance - Legal actions were initiated to protect the company's assets against former management's alleged illegal activities, including reporting to law enforcement and filing lawsuits for performance compensation[56]. - The company faced administrative penalties from the Shenzhen Securities Regulatory Bureau for issues related to internal control and information disclosure[175]. - The company is involved in several litigation cases, with a total amount of 189.7 million yuan in disputes, including a forced execution phase for 17.22 million yuan[173]. Corporate Social Responsibility - Environmental protection is a core value, with ongoing improvements in production processes and a commitment to sustainable development[151]. - The company actively participates in social welfare initiatives, including disaster relief efforts and community support[152].

深圳市长方集团股份有限公司 2022 年第三季度报告 证券代码：300301 证券简称：*ST 长方 公告编号：2022-116 深圳市长方集团股份有限公司 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、主管会计工作负责人及会计机构负责人(会计主管人员)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 1 深圳市长方集团股份有限公司 2022 年第三季度报告 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 □是否 其他符合非经常性损益定义的损益项目的具体情况： □适用不适用 公司不存在其他符合非经常性损益定义的损益项目的具体情况。 将《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益 单位：元 2 | | 本报告期 | 本 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥434,918,525.54, a decrease of 24.79% compared to ¥578,305,974.70 in the same period last year[24]. - The net profit attributable to shareholders was a loss of ¥65,129,784.47, representing a decline of 502.88% from a loss of ¥10,803,037.93 in the previous year[24]. - The basic earnings per share were -¥0.0824, a decline of 501.46% from -¥0.0137 in the same period last year[24]. - The total comprehensive income for the first half of 2022 was a loss of ¥65,143,622.63, compared to a loss of ¥10,801,692.63 in the first half of 2021[141]. - The company's total profit for the first half of 2022 was a loss of ¥77,704,590.39, compared to a loss of ¥21,368,284.73 in the first half of 2021[141]. - The company reported a net loss of CNY 852,607,552.52, worsening from a loss of CNY 787,477,768.05 in the previous period[133]. - The total comprehensive income for the period was 838.62 million yuan, reflecting a decrease of 4.4% compared to the previous period[153]. - The company reported a net profit of 27.65 million yuan for the first half of 2022, indicating a growth from the previous year[159]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥56,697,412.58, showing an improvement of 5.37% compared to a negative ¥59,917,876.67 in the same period last year[24]. - The company's cash and cash equivalents increased to ¥226,023,942.39 as of June 30, 2022, up from ¥211,303,416.44 at the beginning of the year[131]. - The company's cash and cash equivalents at the end of H1 2022 stood at 43,310,914.79 CNY, down from 58,387,999.86 CNY at the end of H1 2021, representing a decrease of 25.7%[148]. - The company experienced a net decrease in cash and cash equivalents of -28,893,671.21 CNY in H1 2022, compared to -47,871,902.46 CNY in H1 2021, showing an improvement in cash management[148]. - The net cash flow from investment activities was 5,198,421.14 CNY, a significant decline of 98.24% from 294,582,034.94 CNY in H1 2021, reflecting reduced investment returns[148]. - Cash inflow from financing activities increased to 169,613,453.56 CNY, compared to 233,808,269.51 CNY in H1 2021, marking a decrease of 27.5%[148]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,634,815,542.92, down 3.79% from ¥1,699,245,494.41 at the end of the previous year[24]. - The total liabilities amounted to CNY 912,965,497.50, slightly up from CNY 912,128,893.86, indicating a marginal increase[133]. - The total equity attributable to shareholders decreased to CNY 721,165,617.26 from CNY 786,295,401.73, a decline of approximately 8.3%[133]. - The total assets of the company at the end of the reporting period were reported at 1,108 million yuan, reflecting a stable asset base[159]. - The total liabilities of the company were 1,346 million RMB, which indicates a manageable debt level relative to its equity[163]. Market and Competition - The decline in revenue was primarily due to the impact of the pandemic and fluctuations in the US dollar exchange rate, leading to a reduction in orders[36]. - The LED packaging sector is experiencing intensified competition, with many small enterprises forced to exit the market, resulting in a concentration of manufacturing among leading firms[32]. - The overall growth rate of the LED lighting market is slowing, with structural overcapacity and rising operational costs squeezing profit margins[33]. - The company aims to expand its market presence, particularly in international markets, to improve profitability and risk resilience[66]. - The company has plans for market expansion and new product development to enhance its competitive edge in the industry[157]. Research and Development - The company focuses on R&D innovation, particularly in off-grid lighting, and has a strong international R&D and market expansion team[40]. - Research and development expenses amounted to ¥38,773,108.76, reflecting an 8.40% decrease from the previous year[47]. - The company plans to enhance its research and development efforts, focusing on innovative technologies to drive future growth[153]. Management and Governance - The company has appointed new management, with Wu Taoxiang as the new General Manager and Chen Junwei as the new Financial Officer[74]. - The company is strengthening its internal control and management systems to address risks associated with subsidiary oversight[70]. - The company has taken measures to strengthen control over Kangmingsheng, including the removal of key management personnel and the completion of legal representative and management changes[91]. - The company emphasizes the protection of shareholder rights and adheres to relevant laws and regulations to ensure transparent communication with investors[80]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The largest shareholder, Nanchang Guanggu Group, holds 14.97% of shares, totaling 118,290,826 shares, which are pledged and frozen[117]. - The total number of ordinary shareholders at the end of the reporting period is 35,138[117]. Risks and Challenges - The company faces liquidity risks due to continuous losses and challenges in financing, which it plans to mitigate by optimizing asset allocation and improving inventory and receivables management[68]. - Rising raw material prices and labor costs are expected to impact profitability, prompting the company to negotiate better procurement terms and enhance cost control measures[69]. - The company faces risks and has outlined corresponding measures in its management discussion and analysis section[4].

Financial Performance - The company's revenue for Q1 2022 was ¥212,704,197.94, a decrease of 22.00% compared to ¥272,686,932.62 in the same period last year[3] - The net profit attributable to shareholders was -¥35,059,498.69, representing a decline of 89.65% from -¥18,486,906.39 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥42,696,496.21, down 97.42% from -¥21,627,431.12 in the previous year[3] - The basic and diluted earnings per share were both -¥0.0444, a decline of 89.74% from -¥0.0234 in the same period last year[3] - The total comprehensive income attributable to the parent company for Q1 2022 was -35,059,498.69 CNY, compared to -18,486,906.39 CNY in Q1 2021, reflecting a significant decline[16] Cash Flow - The net cash flow from operating activities was -¥27,613,642.90, a decrease of 3.59% compared to -¥26,656,685.47 in the same period last year[3] - Cash inflow from operating activities totaled 190,131,028.39 CNY, down from 255,251,043.50 CNY in Q1 2021, indicating a decrease of approximately 25.5%[18] - The cash outflow from operating activities was 217,744,671.29 CNY, compared to 281,907,728.97 CNY in the previous year, showing a reduction of about 22.8%[19] - The net cash flow from investing activities was 4,351,739.29 CNY, an increase from 3,264,904.27 CNY in Q1 2021[19] - The net cash flow from financing activities was 128,972,703.86 CNY, a significant improvement from -41,122,074.69 CNY in the same quarter last year[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,746,337,203.95, an increase of 2.77% from ¥1,699,245,494.41 at the end of the previous year[3] - Total liabilities rose to CNY 994.29 million in Q1 2022, up from CNY 912.13 million, marking an increase of 9.0%[12] - The company's cash and cash equivalents decreased to CNY 1,011.18 million from CNY 941.61 million, an increase of 7.4%[12] - The company's inventory decreased to CNY 185.05 million from CNY 193.46 million, a reduction of approximately 4.3%[12] - The total equity attributable to shareholders decreased to CNY 751.24 million from CNY 786.30 million, a decline of 4.5%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,689[7] - The equity attributable to shareholders decreased by 4.46% to ¥751,235,903.04 from ¥786,295,401.73 at the end of the previous year[3] Research and Development - Research and development expenses for Q1 2022 were CNY 20.22 million, up from CNY 17.86 million in the previous year, reflecting a growth of 13.5%[14] Non-Recurring Gains - The company reported non-recurring gains of ¥7,636,997.52, which included government subsidies and non-current asset disposal gains[5] - The company reported a credit impairment loss of CNY 5.78 million, compared to CNY 0.85 million in the same period last year, indicating a significant increase in credit risk[15]

Financial Performance - The company's operating revenue for 2021 was ¥1,599,044,343.04, representing a 22.73% increase compared to ¥1,302,857,482.94 in 2020[21]. - The net profit attributable to shareholders was -¥370,009,786.77 in 2021, a significant decline of 877.71% from -¥37,844,476.44 in 2020[21]. - The net cash flow from operating activities was -¥98,820,242.45, a decrease of 167.34% compared to ¥146,741,880.42 in 2020[21]. - The total assets at the end of 2021 were ¥1,699,245,494.41, down 37.95% from ¥2,738,728,428.73 at the end of 2020[21]. - The company reported a basic earnings per share of -¥0.4683 for 2021, a decline of 877.66% from -¥0.0479 in 2020[21]. - The company experienced a significant increase in non-operating income from the disposal of non-current assets, amounting to ¥48,051,755.86 in 2021, compared to ¥9,952,815.89 in 2020[26]. Market Conditions - The company's performance in 2021 saw a significant decline due to the impact of the COVID-19 pandemic, with manufacturing orders increasing in the first half but slowing down in the second half, leading to a notable market downturn[5]. - The domestic real estate market experienced a slowdown, resulting in a substantial decrease in demand for lighting fixtures, which contributed to a temporary oversupply in LED packaging and application capacity[6]. - The company is facing substantial price competition pressures in the market due to the oversupply situation in the LED sector[6]. - The company faces pressure on profit margins due to rising raw material prices and increased shipping costs, impacting export profitability[31]. - The domestic semiconductor lighting market has reached a high penetration rate, with limited growth in the general lighting sector due to ongoing real estate regulation[33]. Production and Operations - The company operates under a mixed production model, primarily "order production" supplemented by "stock production" to meet market demand[38]. - The company's LED packaging production capacity was 42,000KK, with an actual output of 31,822KK and a capacity utilization rate of 75.77%[46]. - The gross profit margin for the LED packaging business improved to 6.80%, an increase of 2.19% compared to the previous year[46]. - The company has established a comprehensive manufacturing system across multiple locations, enhancing production efficiency and cost control[46]. - The company achieved a production capacity utilization rate of 94.34% for lighting products, indicating efficient production management[55]. Research and Development - The company has not made significant progress in the research and development of high-end lighting products and energy storage business due to funding constraints[6]. - The company has a strong focus on R&D in off-grid lighting, smart lighting, and energy storage, with a robust international R&D and market expansion team[34]. - Research and development (R&D) investment amounted to ¥69,113,700.13 in 2021, representing 4.32% of operating revenue, a decrease from 7.44% in 2020[62]. - The number of R&D personnel decreased by 13.03% from 422 in 2020 to 367 in 2021, with the proportion of R&D staff increasing from 10.28% to 14.05%[62]. - In 2022, the company plans to increase R&D investment to enhance competitiveness, focusing on full-spectrum LED packaging and expanding into markets such as plant lighting, health lighting, and smart lighting[86]. Financial Management and Governance - The audit report from Da Hua Accounting Firm indicated a disclaimer of opinion on the financial statements and a negative opinion on internal controls, highlighting the need for careful investor consideration[4]. - The company has established an internal audit department to oversee the effectiveness of internal controls and ensure compliance with regulations[131]. - The company identified significant internal control deficiencies in its subsidiary, Kangmingsheng, which may impact financial reporting accuracy[132]. - The company has taken steps to improve management oversight of its subsidiary, Kangmingsheng, through enhanced management protocols[150]. - The company has established a fair and effective performance evaluation and incentive mechanism for senior management, linking their performance to compensation[97]. Strategic Adjustments - The company plans to adjust its product development strategy in response to changes in the LED industry and market conditions[75]. - The company is focusing on optimizing asset structure and enhancing profitability through strategic asset sales, particularly in the Huizhou Industrial Park[82]. - The company has reassessed its PPP project strategy, indicating a shift towards more viable investment opportunities in line with market conditions[80]. - The company is actively pursuing market expansion and new technology development to drive future growth and profitability[80]. - The company plans to repurchase shares at a price not exceeding 8 CNY per share, with a total purchase amount of no less than 330 million CNY[172]. Legal and Compliance Issues - The company faced a delisting risk warning after the 2021 annual financial report was issued with an audit opinion that could not express an opinion[197]. - The company has ongoing litigation involving a total amount of 8,793.45 million RMB, with a net profit impact estimated at approximately -7,051,962.36 RMB[199]. - The company has faced disciplinary actions for overdue commitments from major shareholders, including public reprimands from the Shenzhen Stock Exchange[200]. - The company has not reported any violations of stock trading regulations by its directors, supervisors, or major shareholders[200]. - The internal control audit report was issued by the same accounting firm that has been providing services for 11 years[196].