Financial Performance - The company's revenue for Q1 2023 was ¥94,259,852.85, a decrease of 53.73% compared to ¥203,708,261.76 in the same period last year[4] - The net profit attributable to shareholders decreased by 357.40%, resulting in a loss of ¥30,240,815.40, compared to a profit of ¥11,726,925.96 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 433.80%, amounting to a loss of ¥34,918,789.81[4] - Basic and diluted earnings per share both decreased by 357.42%, resulting in -¥0.1596 per share[4] - The company reported a net loss for the quarter, with total operating costs exceeding total operating revenue, leading to a challenging financial performance[19] - The company reported a net loss of CNY 30,240,815.40 in Q1 2023, compared to a net profit of CNY 11,748,617.32 in the same period last year, representing a significant decline[20] - Operating profit for the quarter was CNY -34,501,476.12, down from CNY 12,715,292.79 in Q1 2022, indicating a negative performance trend[20] - The company reported a total comprehensive loss of CNY -30,243,116.64 for the quarter, compared to a comprehensive income of CNY 11,752,234.19 in Q1 2022[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,217,500,366.95, a decrease of 6.16% from ¥1,292,250,669.42 at the end of the previous year[5] - The total assets as of March 31, 2023, were RMB 1,217,500,366.95, down from RMB 1,297,382,379.97 at the beginning of the year, representing a decline of 6.2%[17] - The total liabilities decreased to RMB 425,670,325.68 from RMB 481,629,984.36, a reduction of 11.6%[17] - The total equity attributable to shareholders was RMB 791,830,041.27, down from RMB 815,752,395.61, reflecting a decrease of 2.9%[17] - The equity attributable to shareholders decreased by 2.93%, amounting to ¥791,830,041.27 compared to ¥815,161,320.12 at the end of the previous year[5] Cash Flow and Operating Activities - The net cash flow from operating activities improved by 56.70%, reaching -¥13,741,161.84, compared to -¥31,731,178.39 in the same period last year[4] - Cash flow from operating activities showed a net outflow of CNY -13,741,161.84, an improvement from the outflow of CNY -31,731,178.39 in the same quarter last year[24] - The company’s cash and cash equivalents at the end of the period stood at CNY 252,701,495.07, down from CNY 313,812,770.79 at the end of Q1 2022[24] - Cash and cash equivalents at the end of Q1 2023 amounted to RMB 332,458,620.35, a decrease of 9.3% from RMB 366,552,910.99 at the beginning of the year[15] Costs and Expenses - The total operating costs for Q1 2023 were RMB 130,707,770.30, down from RMB 191,702,522.17, reflecting a reduction of 31.8% year-over-year[19] - The company incurred R&D expenses of CNY 8,550,577.10, which is an increase of 15.1% compared to CNY 7,427,633.00 in Q1 2022, reflecting a commitment to innovation[20] - The company’s financial expenses increased to CNY 836,071.22 from CNY 101,944.29 in the previous year, indicating rising costs[20] Market Conditions and Strategy - The company attributed the decline in revenue and profit to a sluggish terminal demand due to macroeconomic conditions and intense industry competition[10] - The company has not disclosed any new product launches or market expansion strategies during this reporting period[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,130[11] - The inventory at the end of Q1 2023 was RMB 38,827,852.36, slightly down from RMB 38,971,435.67, a decrease of 0.4%[16] - Accounts receivable decreased to RMB 197,020,226.15 from RMB 228,935,876.98, indicating a reduction of 13.9%[15]

证券代码：300940 证券简称：南极光 深圳市南极光电子科技股份有限公司 投资者关系活动记录表 编号：2023-001 | 投资者关系活 | □特定对象调研 □分析师会议 | | --- | --- | | 动类别 | □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 | 通过"投资者关系互动平台"参与公司 2022 年度网上业绩说 | | 及人员姓名 | 明会的投资者 | | 时间 | 2023 年 4 月 12 日（星期三）15:30-16:30 | | 地点 | 全景网"投资者关系互动平台"（https://ir.p5w.net） | | 上市公司接待 | 董事长：姜发明先生 | | 人员姓名 | 财务总监：黄丽华女士 | | | 副总经理、董事会秘书：姜丽群女士 | | | 独立董事：偰正才先生 | | | 保荐代表人：谭璐璐女士 | | | 公司于 2023 年 4 月 12 日（星期三）15:30-16:30 在全景网 | | 投资者关系活 | "投资者关系互动平台"（https:// ...

Financial Performance - The company achieved operating revenue of 642.27 million yuan in 2022, a year-on-year decrease of 31.87%[4] - The net profit attributable to shareholders was -45.54 million yuan, primarily due to weak terminal demand and increased competition in the industry[4] - The company's operating revenue for 2022 was ¥642,273,396.20, a decrease of 31.87% compared to ¥942,759,604.71 in 2021[26] - The net profit attributable to shareholders for 2022 was -¥45,537,653.45, representing a decline of 208.32% from a profit of ¥42,039,484.73 in 2021[26] - The cash flow from operating activities increased by 32.51% to ¥91,960,829.48 in 2022, up from ¥69,400,171.30 in 2021[26] - The total assets at the end of 2022 were ¥1,292,250,669.42, down 8.59% from ¥1,413,750,234.91 at the end of 2021[26] - The basic earnings per share for 2022 was -¥0.2403, a decrease of 206.05% compared to ¥0.2266 in 2021[26] - The company reported a significant drop in net profit after deducting non-recurring gains and losses, with a loss of -¥48,757,150.86 in 2022 compared to a profit of ¥30,376,303.98 in 2021, marking a decline of 260.51%[26] - The company experienced a quarterly revenue decline, with Q4 2022 revenue at ¥81,311,233.55, down from Q1 2022 revenue of ¥203,708,261.76[30] - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[27] Research and Development - The company plans to maintain R&D investment and actively promote new technologies to enhance market competitiveness[4] - The company invested CNY 38.74 million in R&D, representing 6.03% of total revenue, with 180 R&D personnel accounting for 14.48% of the workforce[59] - The company completed several R&D projects, including ultra-thin high-brightness LED backlight technology and new Mini-LED backlight sources[70] - The company has developed new structures for Mini-LED and 5G mobile phone backlight sources, enhancing product competitiveness[72] - The company is focusing on R&D for new technologies such as Mini-LED and Micro-LED to maintain its competitive edge in the display market[112] Market Position and Strategy - The company aims to strengthen the marketing of new products and businesses to create new profit growth points[4] - The company has established itself as a qualified supplier for leading LCD module manufacturers, including BOE and Huaxing Optoelectronics[44] - The company operates in the LED backlight display module industry, which is supported by national policies aimed at promoting the development of the liquid crystal display sector[38] - The company has established a stable supplier relationship with leading LCD module manufacturers, including BOE and Huaxing Optoelectronics, enhancing customer loyalty[52] - The company will actively seek new customers and develop new technologies to strengthen its market position in the small and medium-sized backlight display module market[105] Operational Efficiency - The company will optimize management and supply chain processes to reduce costs and improve efficiency[4] - The company has implemented a comprehensive quality management system, including ISO9001 and IATF16949 certifications, ensuring product reliability and compliance with environmental standards[54] - The company has invested in advanced automated assembly lines and precision measurement equipment, enhancing production efficiency and product quality stability[54][55] - The company has a robust quality control system that encompasses all stages from product design to final inspection[48] - The company has a complete production process for backlight display modules, which allows effective control over production and reduces overall costs[53] Customer and Supplier Relations - The total sales amount from the top five customers is ¥489,108,120.31, accounting for 76.16% of the annual total sales[67] - The largest customer, Customer 1, contributed ¥173,065,673.86, representing 26.95% of the annual total sales[67] - The total purchase amount from the top five suppliers is ¥141,645,385.21, which is 35.67% of the annual total purchases[68] - The company aims to strengthen its sales team and align product development with downstream customer needs to enhance market adaptability and competitiveness[109] Governance and Management - The company has established a complete governance structure, including a shareholders' meeting, board of directors, supervisory board, and senior management, ensuring compliance with relevant laws and regulations[119] - The company operates independently from its controlling shareholders in terms of assets, personnel, finance, and business, with no competition or unfair transactions with related parties[120] - The company has a complete financial department with independent financial decision-making capabilities and does not share bank accounts with controlling shareholders[122] - The company continues to focus on enhancing its governance and management practices to align with industry standards[125] - The company has established a commitment to fair trading practices with its controlling shareholders and related parties[183] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[181] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[181] - The company aims to launch three new products in the upcoming quarter, which are anticipated to contribute an additional 100 million yuan in revenue[181] - Future guidance includes a commitment to sustainability, with plans to invest 50 million yuan in eco-friendly technologies[181] Risks and Challenges - The company acknowledges potential risks in future plans and encourages investors to be aware of these risks[7] - The company acknowledges risks from macroeconomic fluctuations that could impact demand in various downstream industries, affecting profitability[111] - The company will enhance its management strategies to mitigate risks associated with customer concentration and macroeconomic volatility[111] Employee Management - The total number of employees at the end of the reporting period was 1,243, with 885 in production, 180 in technical roles, and 56 in sales[154] - The company has implemented a training system combining internal and external resources, focusing on various skill sets and enhancing employee capabilities[156] - The company emphasizes a performance-oriented compensation policy, aligning with market standards and focusing on job responsibilities and work achievements[155] Environmental and Social Responsibility - The company actively implements measures to reduce carbon emissions, optimizing key production equipment to decrease electricity and water consumption[174] - The company has obtained ISO14001:2015 certification for its environmental management system, demonstrating its commitment to environmental protection and pollution control[176] - The company is committed to enhancing its corporate social responsibility initiatives, reflecting a focus on sustainable business practices[134]

证券代码：300940 证券简称：南极光 公告编号：2023-016 深圳市南极光电子科技股份有限公司 关于举行 2022 年度网上业绩说明会的公告 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。 深圳市南极光电子科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 7 日在巨潮资讯网（www.cninfo.com.cn）披露了《2022 年年度报告》及《2022 年年度报告摘要》。 欢迎广大投资者积极参与本次网上业绩说明会。 特此公告。 为方便广大投资者更深入、全面了解公司经营情况，公司将于 2023 年 4 月 12 日（星期三）15:30-16:30 在全景网举办 2022 年度业绩说明会，本次年度业 绩说明会将采用网络远程的方式举行，投资者可登录全景网"投资者关系互动平 台"（http://ir.p5w.net）参与本次互动交流。 深圳市南极光电子科技股份有限公司 董事会 出席本次说明会的人员有：公司董事长姜发明先生，财务总监黄丽华女士， 副总经理、董事会秘书姜丽群女士，独立董事偰正才先生，保荐代表人谭璐璐女 士。具体以当天实际参会人员为准。 ...

证券代码：300940 证券简称：南极光 深圳市南极光电子科技股份有限公司 投资者关系活动记录表 编号：2021-002 | --- | --- | --- | --- | --- | --- | --- | |----------------|--------------------------------------------------------|--------------------------------------------|-------|-------|-------|--------------------| | | | | | | | | | | □特定对象调研 | □分析师会议 | | | | | | | □媒体采访 □业绩说明会 | | | | | | | 投资者关系活动 | □新闻发布会 □路演活动 | | | | | | | 类别 | □现场参观 | | | | | | | | □ √ 其他 2021 | 深圳辖区上市公司投资者网上集体接待日活动 | | | | | | 参与单位名称及 | 通过"全景•路演天下"网站或"全景财经"微信公众号，参 | | | | | | | ...

证券代码：300940 证券简称：南极光 公告编号：2022-076 深圳市南极光电子科技股份有限公司 关于参加深圳辖区上市公司 2022 年投资者网上集体接待日 活动的公告 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。 为进一步加强与投资者的互动交流，深圳市南极光电子科技股份有限公司 （以下简称"公司"）将参加由深圳证监局指导、深圳上市公司协会与深圳市全 景网络有限公司联合举办的"2022 年深圳辖区上市公司投资者集体接待日活 动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2022 年 11 月 9 日（周三）16:30-17:30。届时 公司董事长姜发明先生、副总经理、董事会秘书姜丽群女士和财务总监黄丽华 女士将在线就公司业绩、公司治理、发展战略、经营状况、融资计划、股权激 励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投 资者踊跃参与！ 特此公告。 深圳市南极光电 ...

深圳市南极光电子科技股份有限公司 2022 年第三季度报告 证券代码：300940 证券简称：南极光 公告编号：2022-070 深圳市南极光电子科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、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 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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 130,946,039.99 | -37.86% | 560,962,162.65 | -27 ...

Financial Performance - The company reported a revenue of RMB 100 million for the first half of 2022, representing a year-on-year increase of 15%[1]. - The net profit attributable to shareholders for the same period was RMB 20 million, up 10% compared to the previous year[1]. - The company's operating revenue for the current reporting period is ¥430,016,122.66, a decrease of 23.60% compared to the same period last year[23]. - The net profit attributable to shareholders for the current period is ¥8,669,073.40, reflecting a decline of 54.54% year-over-year[23]. - The basic earnings per share decreased by 56.38% to ¥0.0458 compared to ¥0.1757 in the previous year[23]. - The total comprehensive income for the first half of 2022 was CNY 8.65 million, down from CNY 19.07 million in the same period of 2021[167]. - The company reported a total revenue of CNY 412.39 million for the first half of 2022, reflecting a growth trend[180]. - The net profit attributable to the parent company was CNY 123 million, indicating a stable performance[180]. - The total revenue for the first half of 2022 was 1,071.55 million yuan, showing a significant increase compared to the previous period[183]. - The net profit attributable to shareholders was 629.67 million yuan, reflecting a strong performance in profitability[184]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[1]. - The company is exploring potential acquisitions to enhance its product offerings and market reach[1]. - The company plans to enhance its R&D efforts in new display technologies such as Mini-LED, Micro-LED, and quantum dot technology to improve product competitiveness[81]. - The company is focusing on strategic partnerships and potential acquisitions to strengthen its market position[184]. Research and Development - The company is investing RMB 50 million in R&D for new product development, focusing on Mini LED technology[1]. - Research and development expenses amounted to CNY 20.08 million, a decrease of 4.87% compared to the previous year[51]. - The company aims to enhance its research and development capabilities to innovate new technologies and products[181]. Operational Efficiency - The company aims to improve its production capacity by 15% through technological upgrades in the next fiscal year[1]. - The company has implemented advanced vacuum compression mold technology, significantly improving production efficiency and product quality[44]. - The company has adopted a "make-to-order" production model, ensuring that production aligns with customer demand and minimizing inventory risks[40]. Financial Position and Assets - Total assets at the end of the reporting period increased by 1.90% to ¥1,440,554,978.63[23]. - The company's total assets as of June 30, 2022, amounted to CNY 1,440,554,978.63, compared to CNY 1,413,750,234.91 at the beginning of the year, indicating a slight increase of 1.9%[160]. - The company's cash and cash equivalents at the end of the reporting period were approximately ¥449.56 million, representing 31.21% of total assets[57]. - The company's long-term payables increased to approximately ¥76.69 million, accounting for 5.32% of total liabilities, up from 1.87% in the previous year[57]. Risks and Challenges - The management highlighted risks related to supply chain disruptions and increasing raw material costs[1]. - The company faces risks related to intensified market competition and potential technological obsolescence if it fails to maintain its R&D and operational management advantages[80]. - The company acknowledges the risk of OLED technology potentially disrupting its LED backlight business if it becomes more cost-effective and widely adopted[80]. - The company is exposed to risks from potential intellectual property litigation, with a current lawsuit seeking damages increased from 3.99 million yuan to 51.07 million yuan[83]. Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[4]. - The company approved the 2022 Restricted Stock Incentive Plan, granting 5.4552 million shares at a price of 9.4425 CNY per share to 122 eligible participants[92]. - The company has a total of 1,090,976 shares under stock incentive restrictions, which will be released according to the company's 2022 stock incentive plan[142]. Compliance and Governance - The company adheres to legal requirements to protect shareholder and creditor rights, ensuring transparency and timely information disclosure[99]. - The company has established a comprehensive quality management system, including ISO9001 and ISO14001 certifications[47]. - The financial statements are prepared based on the going concern principle, indicating a history of profitable operations and financial resources to support ongoing activities[194].

Financial Performance - The company's operating revenue for Q1 2022 was ¥203,708,261.76, a decrease of 33.51% compared to the same period last year[3] - Net profit attributable to shareholders increased by 48.40% to ¥11,726,925.96, driven by improved product gross margins and reduced sales expenses[7] - The net profit excluding non-recurring gains and losses surged by 707.10% to ¥10,439,427.07, reflecting enhanced operational efficiency[8] - Basic and diluted earnings per share rose by 36.04% to ¥0.0619, attributed to the increase in net profit[8] - Total operating revenue for Q1 2022 was CNY 203.71 million, a decrease of 33.5% compared to CNY 306.36 million in Q1 2021[21] - Net profit for Q1 2022 reached CNY 11.73 million, an increase of 48.5% compared to CNY 7.90 million in Q1 2021[22] Cash Flow and Liquidity - The net cash flow from operating activities improved by 42.72%, amounting to -¥31,731,178.39, due to lower procurement payments compared to the previous year[8] - Cash flow from operating activities for Q1 2022 was negative CNY 31.73 million, an improvement from negative CNY 55.40 million in Q1 2021[23] - Cash inflow from operating activities totaled CNY 163.38 million, while cash outflow was CNY 195.11 million in Q1 2022[23] - The cash and cash equivalents at the end of the period amounted to 313,812,770.79 CNY, down from 376,790,804.04 CNY at the beginning of the period[25] - The company reported a cash decrease of 62,978,033.25 CNY during the quarter[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,378,061,156.90, a decrease of 2.52% from the end of the previous year[4] - The company had a total of 1,378,061,156.90 RMB in total assets as of March 31, 2022, down from 1,413,750,234.91 RMB at the beginning of the year, representing a decrease of approximately 2.5%[17] - The company's total liabilities decreased to CNY 504.80 million in Q1 2022 from CNY 552.22 million in Q1 2021[20] - The company’s total current liabilities decreased from 1,091,022,288.88 RMB to 1,023,898,498.15 RMB, a reduction of approximately 6.2%[18] Shareholder Information - The company reported a total of 13,018 common shareholders at the end of the reporting period[10] - The top two shareholders, Jiang Faming and Pan Lianxing, each hold 26.46% of the shares, totaling 31,331,000 shares[10] - Total equity attributable to shareholders increased to CNY 873.26 million in Q1 2022 from CNY 861.53 million in Q1 2021[20] - Shareholders' equity attributable to the parent company increased by 1.36% to ¥873,262,819.04[4] Expenses and Costs - Total operating costs for Q1 2022 were CNY 191.70 million, down 36.8% from CNY 303.23 million in the previous year[21] - The company experienced a significant reduction in sales expenses due to decreased sales volume, contributing to the overall profit increase[7] - Research and development expenses for Q1 2022 were CNY 7.43 million, a decrease of 30.5% from CNY 10.62 million in Q1 2021[21] Other Financial Activities - The company approved a cash management plan using part of the idle raised funds and self-owned funds during the board meeting on March 15, 2022[15] - The company plans to implement a restricted stock incentive plan in 2022, which was discussed and approved in the same board meeting[15] - The net cash flow from investment activities was -10,349,696.44 CNY, indicating a decrease compared to the previous period[25] - The total cash inflow from financing activities was 357,777,957.48 CNY, primarily from investments and loans[25] - The net cash flow from financing activities was -20,843,837.00 CNY, a significant decrease compared to the previous period[25] Audit and Reliability - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[26]

Dividend and Capital Management - The company plans to distribute a cash dividend of 1.52 RMB per 10 shares (including tax) based on a total of 118,425,692 shares[5]. - The company has proposed a capital reserve conversion plan, issuing 6 additional shares for every 10 shares held[5]. - The total distributable profit for the company as of December 31, 2021, was 211,731,743.82 CNY[151]. - The company will not issue bonus shares or increase capital from the capital reserve for the 2021 fiscal year[151]. - The company's total share capital will increase to 189,481,107 shares after a proposed capital reserve increase of 6 shares for every 10 shares held[151]. - The company committed to distributing no less than 10% of the annual profit as cash dividends based on the consolidated financial statements[171]. - The company has established a three-year commitment period for its profit distribution plan following its IPO[171]. Financial Performance - The company's operating revenue for 2021 was ¥942,759,604.71, a decrease of 10.90% compared to ¥1,058,114,321.42 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥42,039,484.73, down 39.66% from ¥69,666,544.90 in 2020[19]. - The net profit after deducting non-recurring gains and losses was ¥30,376,303.98, a decline of 51.68% from ¥62,864,691.23 in 2020[19]. - The company's total assets increased by 21.71% to ¥1,413,750,234.91 at the end of 2021, compared to ¥1,161,530,178.75 at the end of 2020[19]. - The net assets attributable to shareholders rose by 73.55% to ¥861,532,276.21 at the end of 2021, up from ¥496,418,197.25 at the end of 2020[19]. - The basic earnings per share for 2021 was ¥0.3625, a decrease of 53.79% from ¥0.7844 in 2020[19]. - The weighted average return on equity for 2021 was 5.15%, down from 15.08% in 2020, reflecting a decline of 9.93%[19]. - The company reported a net cash flow from operating activities of ¥69,400,171.30, an increase of 11.34% compared to ¥62,332,338.28 in 2020[19]. Market Position and Industry Trends - The global smartphone shipment in 2021 was 1.3548 billion units, representing a year-on-year growth of 4.84%, indicating a growing market for backlight display modules[28]. - The company is positioned in a high-tech industry with significant growth potential due to increasing demand for LCD panels and backlight display modules in various sectors, including automotive and consumer electronics[30]. - The global smartphone shipment volume in 2021 was approximately 1.3548 billion units, with the company's backlight display module shipments reaching 92 million units, resulting in a market share of about 6.79%[31]. - The backlight display module industry is supported by new technologies such as shape-cutting and hole-punching, enhancing user experience and creating new demand[97]. - The company is benefiting from the global shift of LCD panel production capacity to mainland China, promoting rapid development in the domestic backlight display module industry[93]. Research and Development - The company holds a total of 158 patents, including 8 invention patents, 145 utility model patents, and 5 design patents, reflecting its commitment to R&D and innovation[38]. - Research and development expenses for 2021 amounted to 39.75 million yuan, representing 4.22% of operating revenue, with 179 R&D personnel accounting for 12.11% of the total workforce[48]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency and sustainability[169]. - The company is investing in new technologies such as Mini-LED, Micro-LED, and quantum dot technology to enhance product competitiveness and address potential risks from emerging display technologies like OLED[104]. - The company plans to establish a new R&D center to enhance its technological capabilities and accelerate product innovation in the backlight display module sector[99]. Governance and Compliance - The company has a comprehensive management structure, including a board of directors and supervisory board, ensuring accountability and transparency[4]. - The company has established a robust corporate governance system to protect the rights of shareholders and creditors, ensuring transparency and timely information disclosure[163]. - The company has maintained effective internal controls related to financial reporting as of December 31, 2021[158]. - There were no significant internal control deficiencies reported during the fiscal year[157]. - The company has established a comprehensive governance structure to ensure compliance with relevant laws and regulations, enhancing its operational sustainability[111]. Customer Relationships and Sales Strategy - The company has established stable business relationships with leading LCD module manufacturers, including BOE, Tianma, and others, enhancing its market competitiveness[32]. - The company has established long-term stable relationships with major clients, including leading LCD module manufacturers and smartphone brands such as OPPO, VIVO, and Huawei[42]. - The company plans to enhance its sales team and actively explore downstream customer needs to improve product market adaptability and increase market share[102]. - The company has committed to strengthening its customer relationships and expanding its customer base to mitigate the risks associated with customer concentration[102]. Operational Efficiency and Quality Control - The company has a comprehensive quality control system that ensures product quality from design through to delivery[36]. - The company has implemented a comprehensive quality management system, including ISO9001 and ISO14001 certifications, ensuring product reliability and compliance with EU environmental standards[44]. - The company has advanced production equipment, including high-speed injection molding machines and automated assembly lines, improving production efficiency and product quality[44]. - The company maintains a complete production process for backlight display modules, allowing effective control over product quality and cost[43]. Employee Management and Development - The total number of employees at the end of the reporting period was 1,478, with 1,105 in production, 72 in sales, and 179 in technical roles[142]. - The company has a total of 54 employees with a bachelor's degree or higher, and 1,311 employees with less than a college degree[143]. - The company emphasizes talent development through a comprehensive training system, including various training programs for new and existing employees[145]. - The company has implemented a social insurance system for employees, covering various aspects such as pension and medical insurance[144]. Future Outlook and Strategic Initiatives - Future outlook remains cautiously optimistic, with management indicating potential growth opportunities in emerging markets[120]. - The company is exploring new strategies for market expansion, but detailed plans or projections were not provided in the conference call[120]. - The company plans to increase its marketing budget by 20% to support new product launches and market expansion efforts[169]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB allocated for potential acquisitions in 2022[169].