证券代码：301045 证券简称：天禄科技 苏州天禄光科技股份有限公司 投资者活动记录表 编号：2023-003 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 □新闻发布会 □路演活动 动类别 □现场参观 电话会议 □其他： （请文字说明其他活动内容） 参与单位名称 光大证券、太平基金、前海证券、天弘基金、万家基金、华创证 及人员姓名 券、国金证券、鹏华基金、华泰柏瑞基金 时间 2023 年 5 月 17 日-18 日 地点 电话会议和现场调研 副总经理/董事会秘书/财务总监：佟晓刚 公司接待人员 姓名 证券事务代表：宋欢欢 1、请介绍一下公司业务情况 答：公司 2022 年第四季度营业收入为 1.17 亿，2023 年第一季 度为 1.36 亿，同比增长 15.66%；2022 年第四季度归属于上市 投资者关系活 公司股东的净利润为-1277.74 万元，2023 年第一季度为 422.77 动主要内容介 万元，从业务表现来看，公司经营情况明显好转，但行业拐点是 绍 否到来，有待继续观察。为进一步提高公司竞争力，公司主要在 两方面发力： （1）高辉度技术产品，也即棱镜型网点技术，此项技 ...

证券代码：301045 证券简称：天禄科技 苏州天禄光科技股份有限公司 投资者活动记录表 编号：2023-001 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 □新闻发布会 □路演活动 动类别 □现场参观 □电话会议 □其他： （请文字说明其他活动内容） 参与单位名称 及人员姓名 东方财富证券：邓迪飞 时间 2023 年 5 月 8 日 地点 电话会议 副总经理/董事会秘书/财务总监：佟晓刚 公司接待人员 姓名 证券事务代表：宋欢欢 一、副总经理/董事会秘书/财务总监佟晓刚先生简要介绍了公司 2023 年第一季度经营情况 投资者关系活 公司 2023 年第一季度共实现收入 1.36 亿元，较上年同期 2 亿 动主要内容介 元下降 31.89%；归属上市公司股东净利润 423 万元，较上年同 绍 期 2031 万元下降了 79.18%。经营活动现金流量净流出 733 万 元，较上年同期净流出 3494 万元下降了 79.01%。 | --- | |----------------------------------------------------------| | 2023 年一季度， ...

苏州天禄光科技股份有限公司 2022 年度业绩说明会 证券代码：301045 证券简称：天禄科技 投资者活动记录表 编号：2023-002 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 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 □电话会议 | | | □其他： （请文字说明其他活动内容） | | 参与单位名称 | 天禄科技 2022 年度业绩说明会采用网络远程方式进行，面向全 | | 及人员姓名 | 体投资者 | | 时间 | 2023 年 5 月 9 日 15:00-17:00 | | 地点 | 全景·路演天下（http://rs.p5w.net） | | 公司接待人员 | 主持人：天禄科技 | | | 董事长、总经理：梅坦 | | 姓名 | 董秘、财务总监：佟晓刚 | | | 独立董事：杨相宁 | | | 保荐代表人：王飞 | | | 1、天禄科技的董秘，您好！能不能详细说明一下棱镜型网点技 术？ | | 投资者关系活 | | | 动主要内容介 | 回：尊敬的投资者，您好！棱镜型网点技术主要是通过构建数学 ...

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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 苏州天禄光科技股份有限公司（以下简称"公司"）《2022 年年度报告》 及《2022 年年度报告摘要》已于 2023 年 4 月 21 日刊登于巨潮资讯网 （http://www.cninfo.com.cn）。为了让广大投资者进一步了解公司经营业绩、财 务状况等，公司定于 2023 年 5 月 9 日（星期二）下午 15:00-17:00 举办 2022 年 度业绩说明会。本次业绩说明会将采用网络远程的方式举行，投资者可登陆"全 景·路演天下"（http://rs.p5w.net）参与公司 2022 年度业绩说明会。 出席本次业绩说明会的人员有：公司董事长、总经理梅坦先生，独立董事杨 相宁先生，副总经理、董事会秘书、财务总监佟晓刚先生，保荐代表人王飞先生。 证券代码：301045 证券简称：天禄科技 公告编号：2023-066 苏州天禄光科技股份有限公司 为充分尊重投资者、提升本次业绩说明会的交流效果及针对性，现就公司 2022 年度业绩说明会提前向投资者征集问题，广 ...

Financial Performance - The company's operating revenue for 2022 was ¥653,002,342.75, a decrease of 26.62% compared to ¥889,890,690.26 in 2021[21]. - The net profit attributable to shareholders for 2022 was ¥27,248,617.28, down 70.49% from ¥92,337,397.56 in 2021[21]. - The gross margin for 2022 was 18.76%, down 5.13% from 23.89% in 2021, attributed to increased competition and price pressure in the display panel materials market[38]. - The basic earnings per share for 2022 were ¥0.2642, a decline of 75.40% from ¥1.0742 in 2021[21]. - The weighted average return on equity for 2022 was 3.24%, down from 17.08% in 2021, indicating a significant decrease in profitability[21]. - The company's total assets at the end of 2022 were ¥1,028,972,195.31, a decrease of 6.02% from ¥1,094,905,208.31 at the end of 2021[21]. - The company's total revenue for 2022 was ¥653,002,342.75, representing a decrease of 26.62% compared to ¥889,890,690.26 in 2021[48]. - The revenue from desktop monitors was ¥403,407,866.54, accounting for 61.78% of total revenue, down 25.08% year-over-year[48]. - The production volume of light guide plates decreased by 38.09% to 62,564,593 pieces, influenced by weak market demand[52]. - The inventory of light guide plates dropped by 51.48% to 7,477,288 pieces, primarily due to the decline in production and sales[53]. - The net cash flow from operating activities increased by 23.18% to ¥118,607,531.27 in 2022, compared to ¥96,291,200.91 in 2021[21]. - The net cash flow from investment activities improved significantly, with a net outflow of CNY 37,713,967.08 in 2022, compared to a net outflow of CNY 303,444,324.17 in 2021, marking an 87.57% improvement[65]. - The cash and cash equivalents increased by CNY 61,104,934.06 in 2022, a decrease of 62.03% compared to the previous year[65]. - The company reported a decrease in total cash inflow from financing activities, which was CNY 137,681,329.33 in 2022, down 75.19% from 2021[65]. Market Position and Strategy - The company has established a strong market position in the domestic large-size light guide plate sector, supplying major brands like HP, Dell, and Samsung[33]. - The market share of mainland Chinese display panel manufacturers reached 59.5% of global shipments in 2022, reflecting a significant competitive advantage[32]. - The company plans to focus on expanding its market presence and developing new technologies[4]. - The company plans to invest in a new optical board project, with the first production line expected to be operational in the first half of 2023[34]. - A subsidiary was established in March 2023 in Chuzhou, Anhui Province, to research, produce, and sell TAC film, marking an expansion into adjacent segments of the display industry[34]. - The company aims to enhance product competitiveness through various new technologies and product developments, targeting high-end display markets[61]. - The company is focusing on product innovation, emphasizing high-quality and differentiated products for high-end applications[4]. - The company is developing a new high-efficiency light guide plate for laptops to enhance brightness and reduce power consumption, currently in the R&D phase[61]. - The company is focusing on the TAC film project as a second growth line to mitigate risks associated with product singularity and technological iteration[100]. Research and Development - The company has established a strong R&D capability, with 6 invention patents and 89 utility model patents, enhancing its competitive edge in the industry[43]. - The total R&D investment for 2022 was CNY 28,344,366.45, representing 4.34% of operating revenue, up from 3.82% in 2021[65]. - The number of R&D personnel remained at 75, but their proportion of total employees increased from 10.47% in 2021 to 13.39% in 2022[65]. - The company is developing a new mini LED diffusion plate to improve uniformity and meet diverse customer needs, also in the R&D phase[61]. - The company aims to localize the TAC optical film to improve the domestic panel industry chain and reduce reliance on imports[62]. Corporate Governance - The company’s board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[113]. - The company has established specialized committees within the board, including a strategy committee and an audit committee, to enhance decision-making[113]. - The company has a complete financial accounting system, enabling independent financial decision-making without shared bank accounts with the controlling shareholder[116]. - The company emphasizes social responsibility and aims for harmonious development among stakeholders, including shareholders and employees[114]. - The company has a robust investor relations management system, aiming to build a positive interaction with investors[114]. Shareholder and Financial Policies - The company aims for a minimum cash dividend ratio of 10% of the distributable profits unless significant cash expenditures occur[174]. - The cash dividend ratio will be at least 80% if the company is in a mature development stage without major capital expenditures[174]. - The company will prioritize cash dividends in profit distribution unless specific conditions allow for stock dividends[175]. - The company commits to enhancing the management of raised funds to ensure effective use and accelerate project implementation[175]. - The company will publicly disclose any failure to meet commitments and apologize to investors, ensuring transparency[172]. Risk Management - The company emphasizes the importance of risk management and has outlined potential risks and mitigation strategies in its report[4]. - The company will implement measures to address potential risks from market demand changes, economic conditions, and technological developments related to the TAC film project[104]. - The company will monitor exchange rate fluctuations closely and negotiate pricing strategies to mitigate potential adverse impacts on profitability[105]. Employee and Labor Relations - The total number of employees at the end of the reporting period was 560, with 394 in the parent company and 166 in major subsidiaries[137]. - The company is committed to building a learning organization, providing various training programs to enhance employee skills and management capabilities[140]. - The company has implemented a fair and just salary management system to motivate employees and promote mutual development[139]. - The company has not engaged in any non-operational fund occupation by the controlling shareholder, maintaining financial independence[115]. Compliance and Legal Matters - There are no significant lawsuits or arbitration matters reported during the fiscal year[185]. - The company has not engaged in any major related party transactions during the reporting period[188]. - The company has not reported any significant environmental penalties during the reporting period[151]. - The company has not experienced any bankruptcy restructuring or significant penalties during the reporting period[186].

苏州天禄光科技股份有限公司 2023 年第一季度报告 证券代码：301045 证券简称：天禄科技 公告编号：2023-060 苏州天禄光科技股份有限公司 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 1 苏州天禄光科技股份有限公司 2023 年第一季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 □适用 不适用 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） | 136,018,051.51 | 199,708,716.96 ...

Financial Performance - The company's revenue for Q3 2022 was ¥129,426,676.90, a decrease of 42.49% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥4,257,385.21, down 83.85% year-on-year[4]. - Total operating revenue for Q3 2022 was ¥535,398,103.33, a decrease of 16.9% compared to ¥643,926,861.78 in Q3 2021[21]. - Operating profit for Q3 2022 was ¥43,952,172.26, a decline of 49.6% from ¥87,054,171.89 in Q3 2021[21]. - Net profit for Q3 2022 was ¥43,675,166.69, down 49.7% compared to ¥86,906,256.16 in Q3 2021[21]. - The net profit for Q3 2022 was CNY 40,026,035.84, a decrease of 47.8% compared to CNY 76,696,662.46 in Q3 2021[22]. - The basic and diluted earnings per share for Q3 2022 were both CNY 0.39, down from CNY 0.96 in the same period last year[22]. - The total comprehensive income for Q3 2022 was CNY 40,026,257.64, a decrease of 47.8% from CNY 76,696,624.75 in Q3 2021[22]. Cash Flow and Assets - The operating cash flow net amount reached ¥93,752,396.92, an increase of 674.37% compared to the previous year[10]. - Cash flow from operating activities generated a net cash inflow of CNY 93,752,396.92, significantly higher than CNY 12,106,968.01 in Q3 2021[25]. - Total cash and cash equivalents at the end of Q3 2022 amounted to CNY 219,932,228.01, compared to CNY 155,490,493.90 at the end of Q3 2021[26]. - Cash inflow from investment activities was CNY 617,040,969.11, while cash outflow was CNY 683,601,091.50, resulting in a net cash outflow of CNY 66,560,122.39[25]. - The company reported a decrease in cash flow from financing activities, with a net cash outflow of CNY 24,442,589.21 in Q3 2022 compared to a net inflow of CNY 373,618,912.05 in Q3 2021[26]. - Total assets at the end of the reporting period were ¥1,013,061,074.47, a decrease of 7.47% from the end of the previous year[4]. - Total assets as of September 30, 2022, were ¥1,013,061,074.47, a decrease from ¥1,094,905,208.31 at the beginning of the year[19]. - Non-current assets increased to ¥421,032,999.52 from ¥393,562,186.78, reflecting a growth of 7.0%[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,848[12]. - The largest shareholder, Chen Ling, holds 22.33% of shares, amounting to 23,032,193 shares, with 16,080,000 shares pledged[12]. - The second largest shareholder, Mei Tan, owns 20.55% of shares, totaling 21,196,327 shares[12]. - The top 10 shareholders collectively hold significant stakes, with the largest three shareholders accounting for 49.01% of total shares[12]. - The company has a total of 77,364,344 restricted shares, with 26,202,310 shares released during the reporting period[15]. - The company plans to release the remaining restricted shares of major shareholders by August 15, 2022[14]. - The company has not disclosed any significant changes in the number of preferred shareholders or their holdings[14]. - There are no reported financing or securities lending activities among the top 10 shareholders[13]. - The company has established a unified action agreement between major shareholders, effective until June 30, 2026[13]. - The total number of shares held by the top 10 unrestricted shareholders is 6,324,535 shares[13]. Inventory and Liabilities - Inventory decreased by 39.68% to ¥71,780,976.52, reflecting improved inventory turnover and capital efficiency[8]. - Accounts receivable decreased significantly to ¥145,513,875.02 from ¥225,567,647.31, a drop of 35.5%[19]. - Inventory levels decreased to ¥71,780,976.52 from ¥119,007,123.72, a reduction of 39.5%[19]. - Total liabilities decreased to ¥144,822,748.81 in Q3 2022 from ¥266,693,140.29 in Q1 2022, representing a reduction of 45.4%[19]. - The company’s short-term borrowings decreased by 31.59% to ¥35,250,723.03, indicating reduced bank loans[9]. Operational Efficiency and Future Plans - The company’s gross profit margin decreased significantly due to a decline in sales revenue, which was affected by domestic pandemic and international political factors[9]. - The company’s investment income increased by 692.90% to ¥4,776,145.03, attributed to gains from financial assets and other investments[9]. - The company plans to continue enhancing its operational efficiency and exploring new investment opportunities to mitigate the impact of market fluctuations[9].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥405,971,426.43, a decrease of 3.08% compared to ¥418,863,679.24 in the same period last year[23]. - The net profit attributable to shareholders was ¥35,768,650.63, down 28.95% from ¥50,342,731.87 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥34,606,819.28, a decline of 31.32% compared to ¥50,389,002.61 in the previous year[23]. - Basic and diluted earnings per share decreased to ¥0.35, down 46.15% from ¥0.65 in the previous year[23]. - The weighted average return on equity was 4.23%, a decrease of 8.39% from 12.62% in the same period last year[23]. - The company's gross profit margin for the first half of 2022 was 20.92%, down 4.22 percentage points from 25.14% in the same period last year, primarily due to declining product prices and increased labor costs[35]. - The net profit attributable to shareholders of the listed company for the first half of 2022 was 35.77 million yuan, a decrease of 28.95% year-on-year, mainly due to the decline in gross margin and increased management costs and R&D investment[35]. - The gross margin for the first half of 2022 was reported at 45%, an improvement from 42% in the same period last year[98]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to ¥23,433,910.24, compared to a negative cash flow of ¥20,903,347.90 in the same period last year, marking a 212.11% increase[23]. - The company's cash and cash equivalents decreased by 9.39% to ¥110,159,416.50, down from ¥214,544,596.17 at the end of the previous year[50]. - Accounts receivable decreased by 2.16% to ¥199,117,275.83, compared to ¥225,567,647.31 at the end of the previous year[50]. - Inventory decreased by 1.25% to ¥103,798,459.48, down from ¥119,007,123.72, attributed to improved inventory turnover[50]. - Fixed assets increased by 2.58% to ¥237,241,910.05, up from ¥212,368,045.87, due to new investments reaching operational status[50]. - The total assets at the end of the reporting period were ¥1,079,525,587.03, a decrease of 1.40% from ¥1,094,905,208.31 at the end of the previous year[23]. Investment and R&D - Research and development expenses increased by 4.61% to approximately ¥13.89 million, reflecting the company's commitment to innovation[43]. - The company has a total of 4 invention patents and 90 utility model patents, establishing a technological advantage in the industry[36]. - The company is focusing on developing new technologies such as Mini LED and expanding into larger display fields to mitigate risks associated with single product reliance[74]. - The company plans to invest 200 million CNY in new technology development, focusing on AI and machine learning applications for its products[99]. Market Position and Strategy - The company holds a market share of 20.08% in the desktop monitor light guide plate market and 18.83% in the notebook computer light guide plate market as of the first half of 2022[33]. - The company has successfully entered the qualified supplier list of Samsung Electronics' Visual Display Business department, starting direct supply of light guide plates for desktop and television products from January 2022[34]. - The company aims to diversify its business by entering the optical board materials industry to create multiple revenue streams[75]. - The company is exploring potential mergers and acquisitions to accelerate its growth strategy in the coming years[186]. Risk Management - The management has outlined potential risks and corresponding mitigation strategies in the report[4]. - The company is actively managing risks related to rapid technological changes in the display industry, particularly concerning LCD technology[74]. - The company faces risks due to customer concentration, as major clients account for a significant portion of sales, which could adversely affect performance if these clients reduce demand or switch suppliers[76]. Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has committed to compensating investors for actual losses if it fails to fulfill its commitments regarding stock buybacks[107]. - The company plans to implement a stable profit distribution policy, prioritizing cash dividends, with a minimum cash dividend ratio of 80% during mature development stages without significant capital expenditure[108]. Corporate Governance - The company has not engaged in any entrusted loans or significant asset sales during the reporting period, maintaining a stable financial structure[70][71]. - The company has fulfilled its shareholding commitments made during the IPO process, with a compliance period of 36 months starting from August 13, 2021[96]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding[119]. Future Outlook - The company has set a revenue guidance for the second half of 2022, projecting an increase of 20% compared to the first half, aiming for approximately 1.8 billion CNY[100]. - Future outlook remains positive, with the management expressing confidence in achieving a net profit margin of 12% by the end of 2022, up from 10% in the previous year[99]. - The company plans to enhance automation in production to reduce costs and improve efficiency[77].

Financial Performance - The company's revenue for Q1 2022 was CNY 199,708,716.96, representing a 1.29% increase compared to CNY 197,162,503.04 in the same period last year[4] - Net profit attributable to shareholders decreased by 24.47% to CNY 20,309,918.91 from CNY 26,888,417.42 year-on-year[4] - The net profit after deducting non-recurring gains and losses fell by 33.33% to CNY 17,924,767.84 compared to CNY 26,884,314.95 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 199.71 million, a slight increase of 0.78% compared to CNY 197.16 million in Q1 2021[25] - Net profit for Q1 2022 was CNY 20.31 million, a decrease of 24.36% from CNY 26.89 million in Q1 2021[26] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.20, down from CNY 0.35 in Q1 2021[27] Cash Flow and Investments - The company's cash flow from operating activities showed a net outflow of CNY 34,942,599.58, worsening by 29.90% from a net outflow of CNY 26,898,726.35 in the same period last year[4] - Total cash inflow from investment activities was 203,950,102.83 CNY, significantly higher than 39,441,952.81 CNY in the same period last year[31] - The net cash flow from investment activities was -118,385,814.08 CNY, compared to -17,155,347.85 CNY in the previous year, reflecting increased investment expenditures[31] - Cash inflow from financing activities was 48,348,409.00 CNY, down from 76,980,585.51 CNY year-over-year[31] - The net cash flow from financing activities was 8,241,280.16 CNY, compared to 16,689,496.54 CNY in the previous year, indicating a decrease in financing efficiency[31] - The company received 202,000,000.00 CNY from investment recoveries, a significant increase from 39,400,000.00 CNY in the previous year[30] - The company paid 314,310,000.00 CNY for investments, compared to 39,400,000.00 CNY in the previous year, indicating aggressive investment strategies[31] - The company reported a net increase in cash and cash equivalents of -145,103,025.99 CNY, compared to -27,359,413.15 CNY in the previous year, highlighting liquidity challenges[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,054,563,515.41, down 3.68% from CNY 1,094,905,208.31 at the end of the previous year[4] - Total liabilities at the end of Q1 2022 were CNY 206.04 million, down from CNY 266.69 million in the previous year[23] - Non-current liabilities totaled CNY 2.84 million, a decrease from CNY 3.48 million in Q1 2021[23] - The total current assets decreased from CNY 701,343,021.53 at the beginning of the year to CNY 662,346,260.72 by the end of the quarter, representing a decline of approximately 5.5%[20] - Cash and cash equivalents dropped significantly from CNY 214,544,596.17 to CNY 69,521,887.17, a decrease of about 67.6%[21] - The trading financial assets increased from CNY 121,075,761.12 to CNY 231,284,754.47, marking an increase of approximately 91.7%[21] - Accounts receivable decreased from CNY 225,567,647.31 to CNY 204,667,329.49, a reduction of about 9.3%[21] - Inventory increased from CNY 119,007,123.72 to CNY 130,294,964.07, reflecting an increase of approximately 9.4%[21] - The company’s fixed assets increased slightly from CNY 212,368,045.87 to CNY 216,802,916.43, an increase of about 2%[21] Operational Efficiency - Total operating costs for Q1 2022 were CNY 179.94 million, up 9.31% from CNY 164.60 million in the same period last year[25] - Research and development expenses for Q1 2022 were CNY 6.38 million, slightly up from CNY 6.15 million in the same period last year[26] - The company reported a decrease in accounts payable from CNY 167.73 million in Q1 2021 to CNY 121.90 million in Q1 2022[23] - The total cash outflow from operating activities was 260,805,429.11 CNY, compared to 222,137,301.00 CNY in the previous year, showing increased operational costs[30] - The weighted average return on equity decreased to 2.42% from 6.94% year-on-year, a decline of 4.52%[4] - Management expenses increased by 33.10% to CNY 9,089,332.76, primarily due to higher salary and consulting costs[11] - Investment income surged by 6,441.06% to CNY 2,744,159.58, attributed to increased financial management funds[11] - The company experienced a 590.08% increase in cash outflow from investment activities, totaling CNY -118,385,814.08, due to higher investment in financial management[13] Shareholder Information - The total number of restricted shares at the end of the period was 77,364,344, down from 78,693,738 at the beginning of the period, indicating a reduction of about 1.7%[18] - The company has a significant amount of restricted shares set to be released on August 13, 2022, totaling 6,189,147 shares held by Heze Jincheng Liyuan Information Technology Partnership[18] - The company reported a total of 78,693,738 restricted shares at the beginning of the period, with 1,329,394 shares released during the period[18]

Company Overview - Suzhou Tianlu Technology Co., Ltd. reported no cash dividends, stock bonuses, or capital reserve transfers for the year 2021[7]. - The company’s stock code is 301045, and it is listed on the Shenzhen Stock Exchange[18]. - The company’s registered address is located at 2990 Taidong Road, Huangdai Town, Xiangcheng District, Suzhou, Jiangsu Province[18]. - The company’s official website is http://www.sz-talant.com[18]. - The company’s board secretary is Tong Xiaogang, and the contact number is 0512-66833339[19]. - The company’s annual report is available on the Shenzhen Stock Exchange website and other financial news platforms[20]. Financial Performance - The company's operating revenue for 2021 was ¥889,890,690.26, representing a 24.22% increase compared to ¥716,400,964.33 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥92,337,397.56, a decrease of 16.57% from ¥110,671,004.49 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥89,381,142.83, down 14.28% from ¥104,266,923.32 in 2020[21]. - The net cash flow from operating activities increased by 34.73% to ¥96,291,200.91 from ¥71,471,480.58 in 2020[21]. - The total assets at the end of 2021 reached ¥1,094,905,208.31, an increase of 81.87% from ¥602,039,161.14 at the end of 2020[21]. - The net assets attributable to shareholders increased by 121.52% to ¥828,212,068.02 from ¥373,871,770.68 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥1.0742, a decrease of 24.91% from ¥1.4305 in 2020[21]. - The weighted average return on equity was 17.08%, down 17.66% from 34.74% in 2020[21]. - The company reported a total of ¥2,956,254.73 in non-recurring gains for 2021, compared to ¥6,404,081.17 in 2020[26]. Market Position and Operations - The company operates in the electronic and communication equipment manufacturing industry, specifically in the display device manufacturing sector, which is experiencing strong demand growth[31]. - The company's gross profit margin for 2021 was 23.89%, down from 30.67% in the previous year, a decrease of 6.78 percentage points[36]. - The company’s market share for desktop monitor light guide plates increased from 18.53% in 2020 to 23.05% in 2021, an increase of 4.52 percentage points[38]. - The market share for notebook computer light guide plates rose from 12.50% in 2020 to 15.73% in 2021, an increase of 3.23 percentage points[38]. - The company has established a modern factory with a flexible production system to meet diverse customer orders efficiently[37]. - The company holds 4 invention patents and 90 utility model patents, establishing a technological advantage in the industry[40]. - The company has a strong R&D team with expertise in optics, materials science, mathematics, and automation, enhancing its innovation capabilities[40]. Research and Development - Research and development expenses amounted to 34,018,513.72 CNY, which is 3.82% of total revenue, reflecting a 31.88% increase from 2020[62][66]. - The company is developing several new products, including high-brightness light guide plates and low-energy consumption light guide films, aimed at enhancing market competitiveness[64][66]. - The company has completed the R&D of several projects, including TIR prism-type light guide plates, which are expected to improve energy efficiency and product brightness[64]. - The company plans to enhance its R&D capabilities by continuously introducing high-level technical talents and focusing on innovative technologies such as Mini LED[98]. Customer and Supplier Relations - The company has a stable customer base, with major clients including BOE, China Electronics, and Xiaomi Group, contributing to sustained business growth[43]. - The top five customers accounted for 72.64% of the total annual sales, with the largest customer contributing 28.90% of the total sales[58]. - The company’s top five suppliers accounted for 64.37% of total annual procurement, with the largest supplier contributing 32.52%[60]. Financial Management and Governance - The company has established independent financial accounting systems and does not share bank accounts with its controlling shareholders[111]. - The company emphasizes investor relations management, aiming to build a positive interaction with investors[109]. - The company has a comprehensive remuneration decision-making process for directors and senior management based on performance and contribution[124]. - The company’s board of directors actively monitored and ensured compliance with regulations and governance practices[131]. - The company has established a special account for raised funds and signed a regulatory agreement[128]. Social Responsibility and Compliance - The company actively engages in social responsibility initiatives, including donations to educational funds and participation in community service[154]. - The company maintains compliance with labor laws and has established a comprehensive performance evaluation system for employees[153]. - The company has obtained ISO 14001:2015 environmental management system certification[152]. Future Plans and Strategies - The company plans to enhance new product development and expand production lines to strengthen its market position[141]. - The company intends to expand its product applications into automotive, industrial control, and lighting sectors while continuing to serve existing markets such as monitors and televisions[95]. - The company aims to improve operational efficiency by refining management systems in R&D design, quality management, and financial management[96]. - The company is committed to optimizing its governance structure to ensure compliance with legal regulations and enhance decision-making processes[105].