Financial Performance - The company expects a net profit attributable to shareholders of between 435.48 million and 497.70 million yuan, representing a year-on-year increase of 40% to 60%[3]. - Non-recurring gains and losses are expected to impact the current net profit by approximately 859.15 million yuan[6]. Market Demand - The increase in demand for products is driven by the launch of several mid-to-high-end smartphone models by major domestic brands such as Huawei, OPPO, VIVO, and Xiaomi, which feature dual-glass and 3D curved glass designs[5]. - The overall consumer electronics market demand remains weak, leading to increased production trial losses due to the introduction of numerous new products[5]. Operational Costs - The company has significantly increased its fixed asset depreciation and employee wages due to the expansion of its scale and the increase in frontline production staff[6]. - Substantial R&D expenses were incurred in collaboration with major brand clients for new technologies, materials, processes, and equipment in preparation for the peak production season in the second half of the year[6].

Financial Performance - Total revenue for Q1 2018 was CNY 4,494,352,714.90, representing a 9.39% increase compared to CNY 4,108,446,695.19 in the same period last year[7] - Net profit attributable to shareholders decreased by 50.15% to CNY 109,968,265.29 from CNY 220,579,837.33 year-on-year[7] - Net profit after deducting non-recurring gains and losses fell by 77.39% to CNY 36,170,616.04 compared to CNY 159,974,061.73 in the previous year[7] - Operating profit decreased to ¥107,591,133.43 from ¥198,800,132.44, representing a decline of 45.9%[54] - Net profit for the current period was ¥95,616,768.39, down 56.6% from ¥220,312,165.74 in the previous period[54] - Basic earnings per share decreased to ¥0.0418 from ¥0.0843, a decline of 50.5%[55] - The company reported a total comprehensive income of ¥135,605,622.99, down from ¥229,854,333.80, a decrease of 40.9%[55] Cash Flow - Operating cash flow increased by 29.28% to CNY 1,390,599,446.57 from CNY 1,075,657,089.86 year-on-year[7] - Cash flow from operating activities was ¥6,809,446,861.43, compared to ¥4,529,180,913.94 in the previous period, indicating a significant increase[60] - Net cash flow from operating activities was CNY 1,390,599,446.57, up from CNY 1,075,657,089.86, reflecting a year-over-year increase of 29.3%[62] - Cash outflow from investing activities amounted to CNY 1,874,473,704.25, a decrease of 29.6% compared to CNY 2,666,731,420.21 in the previous year[62] - Net cash flow from investing activities was -CNY 1,862,403,923.13, an improvement from -CNY 2,665,862,873.21 year-over-year[62] - Cash inflow from financing activities was CNY 1,352,363,534.37, down 66.7% from CNY 4,060,500,272.48 in the previous year[62] - Net cash flow from financing activities was -CNY 91,300,298.16, compared to a positive CNY 2,990,955,855.06 in the previous year[62] - The ending balance of cash and cash equivalents was CNY 4,913,357,481.23, a decrease from CNY 3,598,455,978.82 in the previous year[62] Assets and Liabilities - The company’s total assets decreased by 2.51% to CNY 34,824,002,186.25 from CNY 35,722,249,655.06 at the end of the previous year[7] - Total liabilities increased significantly, with current liabilities due within one year rising by 232.76% to CNY 100,288.01 million[24] - Total liabilities decreased from CNY 18,925,905,620.33 to CNY 17,873,485,320.45, a reduction of approximately 5.6%[47] - Current liabilities decreased from CNY 11,523,050,707.82 to CNY 11,246,084,831.41, a reduction of about 2.4%[47] - Long-term borrowings decreased significantly from CNY 3,049,999,159.01 to CNY 2,221,501,200.00, a decrease of approximately 27.2%[47] Investments and Expenditures - R&D expenditures have been increasing, with amounts of CNY 1,144.31 million, CNY 1,384.50 million, and CNY 1,575.72 million from 2015 to 2017, representing 6.64%, 9.09%, and 6.65% of revenue respectively[11] - The company has opened new production bases in Liuyang, Dongguan, and Vietnam to meet market demand, leading to increased capital expenditures and associated costs[13] - The company’s management expenses rose by 37.25% to CNY 89,196.19 million, reflecting increased R&D costs and employee compensation[26] - The company’s investment losses reached CNY 2,828.34 million, a significant decline of 23868.98% due to losses from foreign exchange currency swaps[26] Market and Competition - The company anticipates significant growth in demand for its main products due to the adoption of new technologies like 5G and wireless charging[13] - The company faces risks from intensified industry competition as non-metal materials like glass and ceramics are expected to replace aluminum alloy, creating significant market growth opportunities[14] - The company faces risks related to declining gross margins due to increased costs from rapid expansion and potential market demand fluctuations[10] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 45,257, with the top 10 shareholders holding significant stakes[16] - The largest shareholder, Lens Technology (Hong Kong) Co., Ltd., holds 74.86% of shares, totaling 1,967,976,000 shares[16] - The second-largest shareholder, Changsha Qunxin Investment Consulting Co., Ltd., holds 7.30% of shares, amounting to 192,024,000 shares, with 160,561,000 shares pledged[16] - The company has a total of 2,164,662,000 restricted shares, with no new restricted shares added during the reporting period[20] Compliance and Governance - The company has not established a cash dividend plan during the reporting period[38] - There were no significant changes in the feasibility of investment projects during the reporting period[39] - The company reported no violations regarding external guarantees during the reporting period[40] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[41] - The company maintains a reasonable and compliant use of raised funds, with timely and accurate disclosures[37]

Financial Performance - The company's operating revenue for 2017 was approximately ¥23.70 billion, representing a 55.57% increase compared to ¥15.24 billion in 2016[29]. - The net profit attributable to shareholders for 2017 was approximately ¥2.05 billion, a 70.07% increase from ¥1.20 billion in 2016[29]. - The net profit after deducting non-recurring gains and losses was approximately ¥1.87 billion, reflecting a significant increase of 146.56% from ¥757.57 million in 2016[29]. - The company's cash flow from operating activities for 2017 was approximately ¥4.17 billion, up 23.33% from ¥3.38 billion in 2016[29]. - The total assets of the company at the end of 2017 were approximately ¥35.72 billion, a 50.03% increase from ¥23.81 billion at the end of 2016[29]. - The net assets attributable to shareholders at the end of 2017 were approximately ¥16.73 billion, a 19.49% increase from ¥14.00 billion at the end of 2016[29]. - The basic earnings per share for 2017 were ¥0.78, a 65.96% increase from ¥0.47 in 2016[29]. - The weighted average return on equity for 2017 was 13.77%, an increase of 4.32 percentage points from 9.45% in 2016[29]. - The company reported quarterly revenues of ¥4.11 billion, ¥4.55 billion, ¥6.46 billion, and ¥8.59 billion for Q1, Q2, Q3, and Q4 respectively in 2017[31]. - The net profit attributable to shareholders for Q4 2017 was approximately ¥1.15 billion, significantly higher than the previous quarters[31]. Research and Development - The company's R&D expenditures increased from CNY 1,144.31 million in 2015 to CNY 1,575.72 million in 2017, representing 6.64%, 9.09%, and 6.65% of total revenue respectively[9]. - The company’s R&D focus is on new products and technologies to maintain competitiveness in a rapidly evolving market[9]. - The company has invested heavily in new materials and technologies, including sapphire and precision ceramics, to enhance production capabilities[11]. - The company received 326 new patent authorizations during the reporting period, including 33 invention patents[43]. - The company’s R&D investment in 2017 was ¥157.57 million, an increase of 13.81% from the previous year, with 326 new patent authorizations obtained[51]. Market and Demand - The company anticipates significant growth in demand for its main products due to the adoption of new technologies like 5G and wireless charging in smartphones[14]. - The company is positioned as a leading player in the global market for protective components in consumer electronics, serving major brands like Samsung and Huawei[40]. - The company reported a significant seasonal fluctuation in performance, with higher orders and sales typically occurring in the second half of the year[39]. - The production volume of smartphone front and back protective glass reached a historical high of 520 million pieces, an increase of nearly 30% year-on-year[47]. - The company's export revenue grew by 49.72% year-on-year, while domestic sales revenue increased by 87.51%, contributing to a higher proportion of total revenue[48]. Capital Expenditures and Investments - The company has established new production bases in Liuyang, Dongguan, and Vietnam to meet market demand, leading to increased capital expenditures and associated costs[14]. - The company completed a public offering of convertible bonds in December 2017, raising ¥4.8 billion for new production bases, which will yield an annual capacity of 150 million pieces of 2.5D protective glass and 20 million pieces of 3D protective glass[52]. - The company’s total investment for the reporting period was CNY 7.47 billion, a significant increase of 161.04% compared to the previous year[81]. - The company plans to continue expanding its production capacity and developing new products, supported by the new production base in Liuyang[77]. Risks and Challenges - The company reported a risk of declining gross margin due to rising costs from depreciation, amortization, and labor as production scales up[6]. - The company faces risks from high customer concentration, which could adversely affect performance if major clients reduce orders or sales[12]. - The company acknowledges the risk of market demand fluctuations and the need to adapt to changes in consumer preferences and technology trends[8]. - The company faces risks related to fluctuating market demand and potential declines in gross margin due to increased costs and competition[101]. - The company has a significant amount of USD assets and liabilities, making it susceptible to exchange rate fluctuations[17]. Profit Distribution - The company’s profit distribution plan includes a cash dividend of CNY 2.300141 per 10 shares, based on a total share base of 2,628,869,076 shares[17]. - The cash dividend payout ratio for 2017 was 100% of the total profit distribution[115]. - The company has a history of increasing cash dividends, with 2016's payout being 1 RMB per 10 shares and 2015's being 10 RMB per 10 shares[118]. - The company plans to maintain its profit distribution principles while ensuring normal operations and long-term development[116]. Environmental Compliance - The company has established a pollution source automatic monitoring system, operational since June 2015, to ensure compliance with environmental standards[169]. - The company has not exceeded any pollution discharge limits across its facilities, demonstrating compliance with environmental regulations[168]. - The company has invested in new technology for environmental monitoring, utilizing advanced instruments for accurate measurement of pollutants[176]. - The company adheres to national standards for wastewater and air emissions, ensuring compliance with the "Comprehensive Emission Standards for Pollutants" and "Standards for Industrial Enterprises' Volatile Organic Emissions"[176]. Social Responsibility - The company provided job opportunities for 911 impoverished disabled individuals, improving their living conditions[163]. - A total of 32,447 individuals from impoverished areas received free vocational skills training to assist in employment transitions[163]. - The company donated CNY 15.2 million to support disaster relief efforts in flood-affected areas and educational initiatives[163]. - The company invested a total of 8,045.2 thousand yuan in poverty alleviation efforts, helping 1,948 registered impoverished individuals to escape poverty[164].

Financial Performance - The company expects a net profit attributable to shareholders of approximately 88.23 million to 110.29 million CNY for Q1 2018, representing a decline of 50% to 60% compared to the same period last year, where the profit was 220.58 million CNY[3]. - Non-recurring gains and losses are estimated to impact the net profit by approximately 84.61 million CNY during the reporting period[8]. - The financial data in the earnings forecast has not been audited by registered accountants[4]. - The specific financial data will be disclosed in the company's Q1 2018 report on April 27, 2018[9]. Market Conditions - The smartphone shipment in China decreased by 27% year-on-year during January to March 2018, indicating a weak overall demand in the consumer electronics market[5]. - The company faced challenges due to a significant appreciation of the RMB against the USD, which eroded some profits[7]. Operational Challenges - Increased costs related to fixed asset depreciation and employee wages were noted due to rapid company expansion and a rise in frontline production staff[7]. - The company has made substantial investments in R&D for new products, technologies, and processes, preparing for a market shift from weak to strong demand[7]. Future Outlook - New product launches by major domestic brands like Huawei, OPPO, VIVO, and Xiaomi have created significant demand for the company's products, although the contribution to Q1 performance was limited due to late mass production[7]. - The company anticipates a significant improvement in operating performance in the first half of the year as new product yields improve and the consumer electronics industry enters a peak season[7].

Financial Performance - Total revenue for 2017 reached RMB 23,759,679,111.20, an increase of 55.94% compared to RMB 15,236,116,891.15 in the previous year[5] - Operating profit rose to RMB 2,521,141,443.35, marking a significant increase of 177.91% from RMB 907,189,865.70 year-on-year[5] - Net profit attributable to shareholders was RMB 2,122,084,216.33, up 76.31% from RMB 1,203,594,795.98 in the previous year[5] - Basic earnings per share increased to RMB 0.81, reflecting a growth of 72.34% compared to RMB 0.47 in the prior year[5] Assets and Equity - Total assets at the end of the reporting period were RMB 35,695,526,294.02, a growth of 49.92% from RMB 23,809,343,722.90 at the beginning of the period[9] - Shareholder equity increased to RMB 16,966,348,343.34, representing a 21.18% rise from RMB 14,001,350,674.17 at the start of the year[6] - The company’s net asset value per share rose to RMB 6.48, an increase of 21.12% from RMB 5.35 at the beginning of the year[6] Business Development - The company successfully launched multiple new products, significantly increasing market share with major clients[7] - The new production base in Liuyang South Garden began mass production, contributing to higher product sales and improved profitability[7] - The increase in revenue and profit was primarily driven by new product orders and an optimized sales structure[8]

Financial Performance - The company expects a net profit attributable to shareholders to increase by 70% to 95%, estimated between 204,611.12 million and 234,700.99 million CNY, compared to 120,359.48 million CNY in the same period last year[3] - Non-recurring gains and losses are estimated to impact the current net profit by approximately 21,026.97 million CNY[6] - The financial data in the earnings forecast has not been audited by registered accountants[4] Product Development and Operations - The company has successfully launched multiple new products in collaboration with major clients, significantly increasing market share[5] - New production facilities and additional capacity have started operations, contributing to the large-scale production of protective glass products for smartphones[5] - The application of new equipment, processes, and technologies has improved product yield rates, leading to higher production and sales volumes compared to the previous year[5] Reporting and Disclosure - The specific financial data for 2017 will be disclosed in the annual report on April 24, 2018[7]

Financial Performance - Operating revenue for the reporting period was ¥6.46 billion, representing a year-on-year growth of 29.28%[7] - Net profit attributable to shareholders was ¥581.96 million, up 6.30% from the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥529.40 million, a decrease of 10.62% year-on-year[7] - Basic earnings per share for the period was ¥0.2223, reflecting a 6.31% increase compared to the same period last year[7] - The company's total comprehensive income was ¥540,745,263.81, down from ¥568,828,322.98, a decrease of 4.9%[41] - Net profit for the third quarter was CNY 884.34 million, down 19.5% from CNY 1,098.33 million year-over-year[52] - The total profit for the first three quarters was CNY 987,642,935.60, an increase from CNY 871,510,301.69 in the previous year, showing a growth of 13.3%[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥31.34 billion, an increase of 31.63% compared to the end of the previous year[7] - The company's total liabilities reached CNY 16.60 billion, up from CNY 9.73 billion, indicating a growth of about 70.5%[33] - The total assets increased to ¥23,653,623,362.58 from ¥18,737,036,828.37, representing a growth of 26.5%[37] - Current assets totaled ¥10,273,781,774.44, up from ¥8,692,591,924.56, marking an increase of 18.2%[36] - Short-term borrowings surged to CNY 6.85 billion, compared to CNY 4.23 billion at the beginning of the year, representing an increase of approximately 62.0%[32] Cash Flow - The company reported a net cash flow from operating activities of ¥1.94 billion for the year-to-date, an increase of 39.78%[7] - Cash inflow from operating activities reached CNY 15.47 billion, an increase of 30.5% compared to CNY 11.82 billion in the previous year[55] - The net cash flow from operating activities was CNY 1.94 billion, up 39.7% from CNY 1.39 billion in the same period last year[55] - The company reported a cash outflow from investment activities of CNY 5.44 billion, compared to CNY 2.22 billion in the previous year, indicating increased investment[56] - Cash flow from financing activities generated a net inflow of CNY 3.86 billion, significantly higher than CNY 637.75 million in the same period last year[56] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,003[11] - The largest shareholder, Lens Technology (Hong Kong) Co., Ltd., held 75.17% of the shares, totaling 1,967,976,000 shares[11] - The equity attributable to shareholders of the parent company increased to CNY 14.68 billion from CNY 14.00 billion, reflecting a growth of approximately 4.8%[34] Operational Highlights - The company received government subsidies amounting to ¥63.75 million during the reporting period[8] - The company plans to continue expanding its production capacity and developing new products to meet market demand, including ongoing construction projects in Vietnam[19] - The company's gross profit margin was impacted by rising costs, with operating costs increasing by 43.27% to ¥1,133,808.53 million, in line with revenue growth[20] Financial Ratios and Metrics - The weighted average return on net assets was 4.04%, a slight decrease of 0.07% compared to the previous year[7] - Financial expenses for the first three quarters amounted to CNY 212,511,254.30, significantly higher than CNY 74,724,826.89 in the previous year[46] - Basic earnings per share for the third quarter increased to CNY 0.3411 from CNY 0.3138 in the previous year, reflecting a growth of 8.5%[49] Investment Activities - The company’s investment activities resulted in a net cash outflow of ¥544,335.51 million, significantly higher than the previous year, due to expanded investment in land use rights and production equipment[21] - Long-term equity investments grew to ¥6,778,490,867.66 from ¥5,415,056,963.90, an increase of 24.9%[35] Compliance and Governance - The company has not reported any non-compliance with external guarantees or misuse of funds by controlling shareholders during the reporting period[26] - The third-quarter report was not audited, which may affect the reliability of the financial data presented[60]

Financial Performance - The estimated net profit for the first three quarters of 2017 is projected to be between 85,851.08 million and 94,062.84 million RMB, representing a year-on-year growth of 8% to 18%[4] - For the period from July to September 2017, the estimated net profit is expected to be between 54,745.07 million and 62,956.83 million RMB, with a year-on-year growth of 0% to 15%[4] - Non-recurring gains and losses are estimated to impact the current net profit by approximately 13,855.67 million RMB[8] - The specific data for the first three quarters of 2017 will be disclosed in the quarterly report to be published on October 27, 2017[9] - The performance forecast has not been audited by registered accountants[5] Product Development and Market Expansion - The company has successfully launched multiple new products in collaboration with major clients, significantly increasing market share[6] - The new production base in Liuyang Nanyuan has started to contribute to production capacity, leading to higher product sales compared to the previous year[7] - The company has begun mass production of several smartphone protective glass products from the third quarter of 2017[7] Operational Challenges and Goals - The initial phase of large-scale production at the new facilities has faced some adaptation challenges, affecting profit growth[7] - The company is focused on achieving rapid growth in operating performance for the fourth quarter to meet the annual business targets set by the board[7]

Financial Performance - Total revenue for the reporting period reached ¥8,660,976,957.71, representing a 53.09% increase compared to ¥5,657,614,314.30 in the same period last year[27]. - Net profit attributable to shareholders was ¥311,060,077.07, up 25.87% from ¥247,135,030.41 year-on-year[27]. - The net profit after deducting non-recurring gains and losses surged to ¥225,062,835.38, a remarkable increase of 743.28% compared to a loss of ¥34,986,912.67 in the previous year[27]. - Operating cash flow net amount was ¥1,558,679,071.79, reflecting a significant increase of 169.82% from ¥577,673,029.96 in the same period last year[27]. - Basic earnings per share rose to ¥0.1188, a 19.64% increase from ¥0.0993 year-on-year[27]. - The company's total revenue for the first half of 2017 reached ¥866,097.70 million, representing a year-on-year growth of 53.09%[42]. - Net profit attributable to shareholders was ¥31,106.01 million, an increase of 25.87% compared to the same period last year[42]. - The gross profit margin for the electronic components manufacturing industry was 23.74%, with a year-on-year increase of 1.35%[49]. - The company reported a substantial increase in investment, with a total of ¥3,284,836,376.63 during the reporting period, representing a 291.02% increase compared to ¥840,076,323.40 in the same period last year[58]. - The company reported a total revenue of 1.5 billion yuan for the first half of 2017, representing a year-on-year increase of 20%[94]. Research and Development - The company's R&D expenses increased from CNY 1,144.31 million in 2015 to CNY 855.31 million in the first half of 2017, representing 6.64%, 9.09%, and 9.88% of operating revenue respectively[8]. - Research and development expenses amounted to ¥855,309,693.20, reflecting a 25.71% increase from ¥680,396,455.37, primarily due to rising customer R&D demands and new product development[47]. - The company has developed a full industrial chain for sapphire production and processing, enhancing its manufacturing capabilities[9]. - The company emphasizes careful management of R&D projects to ensure high consumer acceptance and alignment with market trends, while controlling the rapid growth of R&D expenses[82]. - The company has obtained 136 new patent authorizations during the reporting period, including 12 invention patents[37]. Market Position and Strategy - Sales to the top five end brand customers accounted for 85.92% and 84.84% of total annual sales in 2016 and the first half of 2017 respectively[11]. - The company continues to focus on the research, production, and sales of touch protective glass panels, with applications in high-end consumer electronics[34]. - Major clients include well-known brands such as Samsung, LG, Amazon, Microsoft, and Huawei, indicating strong market presence[34]. - The company is actively exploring new markets in smart wearable devices, automotive, and smart home applications to diversify its product offerings and expand sales[84]. - The company plans to invest CNY 4.8 billion in projects related to protective glass for consumer electronics and window protection glass[13]. Operational Expansion - The company has established new production bases in Liuyang, Dongguan, and Vietnam to meet anticipated demand growth driven by new technologies like 5G and wireless charging[12]. - The company has initiated the construction of new production bases and expansion projects to meet future market demand, including a new production base in Vietnam and the acquisition of assets from a local company[44]. - The company is currently expanding its production capacity with new facilities in Liuyang and Dongguan, which will support the launch of new products[54]. - The company has completed the bankruptcy reorganization of Dongguan Songshan Lake Liansheng Company, preparing for asset transfer and upgrades to enhance production capacity in South China[44]. Financial Management and Investments - The company has adjusted its refinancing plan, terminating the public issuance of corporate bonds and starting the issuance of convertible bonds to support expansion projects[45]. - The company raised a net amount of RMB 311,184.58 million through a private placement of 53,840,924 shares, which was fully utilized by the end of the reporting period[66]. - The company has fully utilized the raised funds of ¥461,822.86 million from its initial public offering for projects related to touch panel technology[65]. - The company reported a significant increase in cash flow from operating activities, reaching ¥1,558,679,071.79, compared to ¥577,673,029.96 in the previous period, indicating a substantial improvement[177]. Risks and Challenges - The company faces risks from declining gross margins due to rising costs associated with rapid expansion and potential inefficiencies in production[5]. - The smartphone industry is experiencing slower growth, leading to uncertainties in maintaining high shipment volumes[6]. - The competitive landscape is intensifying with new entrants attempting to capture market share through technological advancements[14]. - The company faces risks related to fluctuating market demand and the potential impact of increased costs from new production facilities on profitability[85]. Corporate Governance and Shareholder Matters - The company does not plan to distribute cash dividends or issue bonus shares[15]. - The company held its annual and temporary shareholder meetings with participation rates of 83.53% and 83.62% respectively[90]. - The company has not sold any significant assets or equity during the reporting period[75][76]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[71][73]. - The company has established a framework for managing share repurchases and shareholder obligations to ensure compliance with relevant regulations[98]. Social Responsibility and Environmental Initiatives - The company provided job opportunities for 911 impoverished disabled individuals and offered vocational training to 22,883 people from impoverished areas[127]. - A total of CNY 200,000 was donated to poverty alleviation funds, and CNY 160,000 was donated to educational support for impoverished areas[127]. - The company has implemented environmental protection measures and reported no exceedances in pollutant emissions during the reporting period[131]. - The company plans to invest nearly CNY 100 million in pollution control facilities, including a new wastewater treatment plant and advanced "low-temperature plasma" exhaust treatment technology[132].

Financial Performance - The company expects a net profit of between 284.21 million yuan and 345.99 million yuan for the first half of 2017, representing an increase of 15% to 40% compared to the same period last year[3] - The net profit for the same period last year was 247.14 million yuan[3] - Non-recurring gains and losses are estimated to impact the net profit by approximately 83.73 million yuan[7] Product Development and Operations - The company has accelerated the development of new products in collaboration with major clients, leading to significant growth in product output and sales compared to the previous year[5] - The company has recruited a large number of new employees for its new production base in Liuyang Nanyuan to meet the increased demand for new products from major clients, resulting in higher labor costs[5] - The depreciation of assets from the newly acquired Dongguan Songshan Lake base has begun to be accounted for, although it is still in the integration and technical transformation phase[5][6] Reporting and Data - The financial data presented is preliminary and will be finalized in the company's half-year report to be released on August 12, 2017[8]