| | | | | 翰博高新材料（合肥）股份有限公司 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 编制单位：翰博高新材料（合肥）股份有限公 | | | | | | | | | 司 | | | | | | | | | 单位：万元 | | | | | | | | | | | 占用方与上市公司的关联 | | 上市公司核算的会计科 | | 2025年1-6月占用累计发生金 | 2025 | | 年1-6月占用资金 | 2025年1-6月偿还累计 | 2025年6月末占用 | | | | | | | 非经营性资金占用 | | 资金占用方名称 | | | 2025年初占用资金余 | | | | 额 | | | | 占用形成原因 | 占用性质 | | | | | | 关系 | 目 | | | 额(不含利息) 的利息(如有) | 发生 | | 金额 资金余额 | | | | | | | | | 控股股东、实际控制人及其附属企 业 | | | | | | | | | 小计 | — | — | | | | | | | — | - | - | - | - ...

Core Viewpoint - The document outlines the management system for foreign exchange derivative trading at Hanbo High-tech Materials (Hefei) Co., Ltd, emphasizing the need for risk prevention, compliance with regulations, and safeguarding company assets [1][2]. Group 1: Definition and Scope - Foreign exchange derivative business includes various transactions aimed at hedging against exchange rate risks, such as forward contracts, options, futures, and swaps [2]. - The system applies to all subsidiaries of the company, prohibiting subsidiaries from engaging in derivative trading without company approval [2]. Group 2: Operational Principles - The company must conduct foreign exchange derivative trading legally, prudently, and effectively, focusing on risk mitigation related to exchange and interest rates [3]. - Transactions are only permitted with qualified financial institutions approved by the State Administration of Foreign Exchange and the People's Bank of China [3][4]. Group 3: Approval Authority - The company's shareholders' meeting and board of directors serve as the decision-making bodies for foreign exchange derivative trading, requiring approval for any trading activities [4][5]. - Subsidiary management does not have final approval authority for derivative trading; all transactions must be reported for unified approval [5]. Group 4: Internal Procedures - The finance department is responsible for managing foreign exchange derivative trading, including planning, funding, and daily management [6]. - The internal process includes risk assessment, contract review by the legal department, and compliance with approval procedures before executing trades [6][7]. Group 5: Information Disclosure and Record Keeping - The company must disclose foreign exchange derivative trading information in accordance with regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange [8][9]. - The finance department is tasked with maintaining all relevant documentation related to foreign exchange derivative trading [9].

翰博高新材料（合肥）股份有限公司 关联交易管理制度 第一章 总 则 第一条 为保证翰博高新材料（合肥）股份有限公司（以下简称"公司"）与 关联方之间订立的关联交易符合公平、公正、公开的原则，确保本公司的关联交 易行为不损害本公司和全体股东的利益，根据《中华人民共和国公司法》（以下 简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《深圳证券 交易所创业板股票上市规则》 （以下简称《股票上市规则》）、 《深圳证券交易所上 市公司自律监管指引第 2 号——创业板上市公司规范运作》《深圳证券交易所上 市公司自律监管指引第 7 号——交易与关联交易》等有关法律、法规以及《翰博 高新材料（合肥）股份有限公司章程》 （以下简称《公司章程》）的有关规定，结 合公司实际情况，制订本制度。 第二章 关联人和关联关系 第二条 公司的关联人包括关联法人和关联自然人。 第三条 具有以下情形之一的法人或其他组织，为公司的关联法人： （一）直接或间接地控制公司的法人或其他组织； （二）由前项所述主体直接或间接控制的除公司及其控股子公司以外的法人 或其他组织； （三）由第四条所列公司的关联自然人直接或间接控制的，或担任董事 ...

□适用 ?不适用 公司报告期控股股东未发生变更。 实际控制人报告期内变更 □适用 ?不适用 公司报告期实际控制人未发生变更。 | 翰博高新材料（合肥）股份有限公司 | | | 2025 年半年度报告摘要 | | | --- | --- | --- | --- | --- | | 证券代码：301321 | | | 证券简称：翰博高新 | | | 翰博高新材料（合肥）股份有限公司 | | | | | | 翰博高新材料（合肥）股份有限公司 | | | | 2025 年半年度报告 | | 摘要 | | | | | | 一、重要提示 | | | | | | 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 | | | | | | 资者应当到证监 | | | | | | 会指定媒体仔细阅读半年度报告全文。 | | | | | | 所有董事均已出席了审议本报告的董事会会议。 | | | | | | 非标准审计意见提示 | | | | | | □适用 ?不适用 | | | | | | 董事会审议的报告期利润分配预案或公积金转增股本预案 | | | | | | □适用 ?不适用 | ...

格隆汇8月21日丨翰博高新(301321.SZ)公布2025年半年度报告，上半年公司实现营业收入15.54亿元，同 比增长50.84%；归属于上市公司股东的净利润-2644.94万元；归属于上市公司股东的扣除非经常性损益 的净利润-3597.86万元；基本每股收益-0.1717元。 ...

翰博高新（301321）发布2025年半年度报告摘要。报告期内，公司营业收入15.54亿元，同比增长 50.84%；归属于上市公司股东的净利润亏损2644.94万元，较上年同期减亏59.91%。经营活动产生的现 金流量净额为1.12亿元，上年同期为-1.72亿元。总资产57.55亿元，较上年度末增长9.11%；归属于上市 公司股东的净资产9.52亿元，较上年度末下降8.60%。报告期末普通股股东总数11223户，控股股东和实 际控制人报告期内均未发生变更。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

[Section I Important Notes, Table of Contents, and Definitions](index=2&type=section&id=Section%20I%20Important%20Notes%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial disclaimers, a detailed report structure, and a glossary of key terms for clarity [Important Notes](index=2&type=section&id=Important%20Notes) The company's board and senior management declare the semi-annual report's truthfulness, accuracy, and completeness, and advise investors of risks, with no plans for cash dividends, bonus shares, or capital increase from capital reserves - The company's board of directors and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, free from false records, misleading statements, or major omissions[4](index=4&type=chunk) - Company head Wang Zhaozhong, chief accountant Li Yanping, and head of accounting Zhu Jing declare the truthfulness, accuracy, and completeness of the financial report[4](index=4&type=chunk) - The company plans no cash dividends, no bonus shares, and no capital increase from capital reserves[5](index=5&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section lists the report's eight main chapters, including important notes, company profile, management discussion and analysis, corporate governance, significant matters, share changes, bond information, and financial reports, along with a list of reference documents - The report comprises eight main chapters, covering comprehensive information on the company's operations, financials, governance, and significant matters[8](index=8&type=chunk) - Reference documents include the original semi-annual report signed by the legal representative, financial statements, original drafts of publicly disclosed documents, and other materials, available at the company's board of directors office[10](index=10&type=chunk)[11](index=11&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section provides definitions for common terms used in the report, covering company names, related parties, financial units, reporting period, and professional terms related to the semiconductor display industry - The reporting period refers to January 1, 2025, to June 30, 2025[12](index=12&type=chunk) - Key technical terms include Liquid Crystal Display (Open Cell), Backlight Unit (BLU), TFT-LCD, OLED, LED, Mini-LED, Micro LED, AR, and VR[12](index=12&type=chunk) [Section II Company Profile and Key Financial Indicators](index=6&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section outlines the company's fundamental information and presents its key financial performance metrics and indicators [I. Company Profile](index=6&type=section&id=I.%20Company%20Profile) Hanbo High-tech, stock ticker "Hanbo High-tech" (301321), is listed on the Shenzhen Stock Exchange, with Wang Zhaozhong as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Hanbo High-tech | | Stock Code | 301321 | | Listed Stock Exchange | Shenzhen Stock Exchange | | Chinese Name | Hanbo High-tech Materials (Hefei) Co., Ltd. | | Legal Representative | Wang Zhaozhong | [II. Contact Person and Information](index=6&type=section&id=II.%20Contact%20Person%20and%20Information) The company's Board Secretary is Pan Dasheng, located at No. 699 Dayu Road, Xinzhan District, Hefei, with phone 0551-64369688 and email hibrzq@hibr.com.cn Contact Information | Position | Name | Contact Address | Phone | Email | | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Pan Dasheng | No. 699 Dayu Road, Xinzhan District, Hefei | 0551-64369688 | hibrzq@hibr.com.cn | [III. Other Information](index=6&type=section&id=III.%20Other%20Information) During the reporting period, the company's contact information, information disclosure, and document storage locations remained unchanged, while the registered address changed to No. 2136 Tianshui Road, Xinzhan District, Hefei, with industrial and commercial registration completed on June 12, 2025 - The company's registered address, office address, website, and email remained unchanged during the reporting period[16](index=16&type=chunk) - Information disclosure and document storage locations remained unchanged during the reporting period[17](index=17&type=chunk) - The company's registered address changed to No. 2136 Tianshui Road, Xinzhan District, Hefei, on June 12, 2025, and industrial and commercial registration was completed[19](index=19&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company's operating revenue increased by **50.84%** year-on-year, net loss attributable to shareholders narrowed by **59.91%**, and net cash flow from operating activities significantly grew by **165.54%**. Total assets increased by **9.11%**, while net assets attributable to shareholders decreased by **8.60%** Key Accounting Data and Financial Indicators (Current Period vs. Prior Year) | Indicator | Current Period (CNY) | Prior Year (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,554,291,575.98 | 1,030,413,393.15 | 50.84% | | Net Profit Attributable to Shareholders of Listed Company | -26,449,439.70 | -65,970,127.81 | 59.91% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | -35,978,570.99 | -68,501,705.90 | 47.48% | | Net Cash Flow from Operating Activities | 112,481,006.88 | -171,624,812.35 | 165.54% | | Basic Earnings Per Share | -0.1717 | -0.3621 | 52.58% | | Diluted Earnings Per Share | -0.1717 | -0.3621 | 52.58% | | Weighted Average Return on Net Assets | -2.61% | -5.31% | 2.70% | | **Current Period End vs. Prior Year End** | | | | | Total Assets | 5,755,144,544.10 | 5,274,486,747.66 | 9.11% | | Net Assets Attributable to Shareholders of Listed Company | 952,474,030.99 | 1,042,147,976.95 | -8.60% | [V. Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Overseas%20Accounting%20Standards) The company reported no differences in net profit and net assets between international or overseas accounting standards and Chinese accounting standards during the reporting period - The company reported no differences in net profit and net assets between international accounting standards and Chinese accounting standards during the reporting period[21](index=21&type=chunk) - The company reported no differences in net profit and net assets between overseas accounting standards and Chinese accounting standards during the reporting period[22](index=22&type=chunk) [VI. Non-recurring Gains and Losses Items and Amounts](index=7&type=section&id=VI.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **9.53 million Yuan**, primarily from government subsidies recognized in current profit, with a negative impact from disposal of non-current assets Non-recurring Gains and Losses Items and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -793.63 | | Government grants recognized in current profit or loss | 13,092,762.16 | | Gains or losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and from disposal of financial assets and liabilities | 46,392.21 | | Other non-operating income and expenses apart from the above | -714,197.39 | | Less: Income tax impact | -98,594.13 | | Impact on minority interests (after tax) | 2,993,626.19 | | Total | 9,529,131.29 | [Section III Management Discussion and Analysis](index=9&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's operations, financial performance, and future outlook [I. Main Business Activities During the Reporting Period](index=9&type=section&id=I.%20Main%20Business%20Activities%20During%20the%20Reporting%20Period) The company is a one-stop integrated solution provider for semiconductor display panel backlight modules and key components, with products widely used in laptops, automotive displays, and VR. During the reporting period, the company focused on expanding the automotive backlight display module market and advancing its Vietnam smart manufacturing base for global expansion. The display industry shows good development driven by consumer electronics recovery and automotive market expansion, with backlight modules evolving towards thin, high-brightness, eco-friendly, and smart directions - The company is a one-stop integrated solution provider for semiconductor display panel backlight modules and key components, with products applied in laptops, tablets, desktop displays, automotive displays, medical and industrial control monitors, and VR terminal products[27](index=27&type=chunk) - During the reporting period, the company focused on developing and expanding the automotive backlight display module market, successfully designing and developing various automotive backlight products such as anti-peep, curved, ultra-thin, ultra-narrow, and irregular displays, and collaborating with numerous Tier1 suppliers and vehicle manufacturers[28](index=28&type=chunk) - To deepen its global layout, the company officially advanced the construction of its Bac Giang backlight display module base and Ho Chi Minh precision structural parts base in Vietnam, building a vertical industry chain system covering Southeast Asia[29](index=29&type=chunk) [(I) Company Profile](index=9&type=section&id=(I)%20Company%20Profile) The company aims to be the "preferred partner in the semiconductor display industry," offering integrated solutions for backlight display modules and components, widely used in various display devices, with manufacturing bases in multiple locations - The company's vision is to "become the preferred partner in the semiconductor display industry," providing integrated services for optical design, light guide plate design, precision mold design, overall structural design, and intelligent product manufacturing[27](index=27&type=chunk) - Main products include backlight display modules and related components, widely used in terminal products such as laptops, tablets, desktop displays, automotive displays, medical and industrial control monitors, and VR[27](index=27&type=chunk) [(II) Main Business and Products](index=9&type=section&id=(II)%20Main%20Business%20and%20Products) The company's main business includes TFT-LCD and Mini-LED backlight display modules, along with core components like light guide plates, precision structural parts, and various films, with Mini-LED modules offering high color gamut, contrast, and brightness - The company primarily deals in TFT-LCD backlight display modules, providing a moderately bright and uniformly distributed planar light source[30](index=30&type=chunk) - Mini-LED backlight display modules offer display advantages such as high color gamut, high contrast, and high brightness, with chip sizes between **50-200μm**[32](index=32&type=chunk) - Key components of backlight display modules include light guide plates (core component), precision structural parts (front frame, back shell, frame, backplate), reflective films, diffusion films, prism films, and adhesive products[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk) [(III) Main Business Model](index=11&type=section&id=(III)%20Main%20Business%20Model) The company's operating model remained largely unchanged, primarily adopting a procurement model where a supply chain management center develops suppliers and local departments handle mass production purchases; an order-based sales model through proactive customer engagement; and a build-to-order production model after customer certification, continuously optimizing processes and strengthening smart manufacturing - Procurement model: The supply chain management center is responsible for new supplier development and assessment, while local procurement departments lead raw material procurement during the mass production phase[42](index=42&type=chunk)[43](index=43&type=chunk) - Sales model: The company proactively develops potential customers and engages in direct communication and business negotiations to secure orders, primarily using an order-based sales approach, divided into domestic and export sales[45](index=45&type=chunk) - Production model: Production is based on sales orders, entering mass production after customer testing and certification, with a focus on optimizing production processes, strengthening production management systems, lean manufacturing, and smart manufacturing[46](index=46&type=chunk) [(I) Industry Market Conditions](index=13&type=section&id=(I)%20Industry%20Market%20Conditions) In H1 2025, the display industry showed strong growth driven by consumer electronics recovery, expanding automotive display markets, new technology iterations (Mini-LED, OLED), and AI adoption, with LCD remaining dominant while new display technologies accelerate - In the first half of 2025, the display industry experienced favorable development driven by multiple factors, including the recovery of the consumer electronics market, expansion of the automotive display market, iteration of new technologies, and the popularization of AI technology[48](index=48&type=chunk) - LCD technology maintains its mainstream position in the display market due to its mature industry chain, high yield, and low cost advantages[48](index=48&type=chunk) - New display technologies such as Mini-LED and OLED are accelerating their iteration, with Mini-LED enhancing display effects through fine local dimming, and OLED favored in high-end smartphones and other fields[48](index=48&type=chunk) [(II) Industry Development Trends](index=13&type=section&id=(II)%20Industry%20Development%20Trends) The LCD panel market is seeing shifts in competition, with China's capacity growing, projecting a significant increase in global LCD capacity by 2026. Backlight module trends include thinner designs, ultra-narrow bezels, high brightness/contrast, environmental sustainability, and intelligent customization to meet diverse terminal device and application needs - The competitive landscape of the LCD panel market is changing, with China's mainland LCD capacity projected to increase to **278 million square meters** by 2026, and global LCD capacity to **358 million square meters**[49](index=49&type=chunk) - Backlight modules are evolving towards thinner designs and ultra-narrow bezels, utilizing ultra-thin light guide plates and new optical film materials[50](index=50&type=chunk) - Backlight modules are developing towards high brightness and high contrast, adopting Mini-LED and Micro-LED backlight technologies, combined with quantum dot technology[51](index=51&type=chunk) - Backlight modules are moving towards environmental protection and sustainable development, using mercury-free LED light sources, recyclable materials, and low-energy consumption designs[53](index=53&type=chunk) - Backlight modules are advancing towards intelligence and customization, meeting the specific application needs of smart homes, automotive displays, and medical displays[54](index=54&type=chunk) [(III) Company's Industry Position](index=14&type=section&id=(III)%20Company%27s%20Industry%20Position) Leveraging years of technical expertise, the company possesses comprehensive Mini-LED development capabilities and is one of the few domestic manufacturers integrating backlight module design, optical development, precision structural parts, optical materials, and adhesive product processing with automated production. The company has established strong partnerships with leading panel makers like BOE and CSOT, and terminal clients such as Huawei and NIO, solidifying its position as a major backlight display module manufacturer in China - The company possesses optical design capabilities and comprehensive development technology in the Mini-LED field, mastering and mass-producing technologies related to thin, narrow-bezel, irregular, and high-brightness backlight display modules[55](index=55&type=chunk) - The company is one of the few domestic manufacturers simultaneously possessing capabilities in backlight display module design, optical development, precision structural parts, optical materials, adhesive product precision processing, and automated production[55](index=55&type=chunk) - The company has established close cooperative relationships with renowned panel enterprises such as BOE and CSOT, and terminal customers like Huawei, Lenovo, and NIO, solidifying its market position[55](index=55&type=chunk) [II. Core Competitiveness Analysis](index=14&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its technological advantages, integrated structural design capabilities, intelligent manufacturing, strong customer certifications, economies of scale, and continuous R&D. Its product matrix covers diverse applications, excelling in Mini-LED and HUD backlight systems, and holds 418 registered patents, with ongoing investment in smart manufacturing and long-term partnerships with key clients, while leveraging scale to reduce costs and enhance R&D in smart cockpit displays and automotive electronics - The company's product matrix comprehensively covers diverse application scenarios such as laptops, tablets, desktop monitors, automotive displays, medical monitors, and industrial control monitors, building the most complete product system for backlight display modules in China[57](index=57&type=chunk) - The company masters advanced technologies like tablet punch-hole screen development and automotive backlight module production, possessing core technologies in light guide plates such as optical simulation and dot pattern design, and has developed HUD backlight systems and front light plate technology[57](index=57&type=chunk)[58](index=58&type=chunk) - In the first half of 2025, the company received the "Special Contribution to Industry Chain Project" award for its innovative anti-peep light guide plate technology, holding **418 registered patents** (including **108 invention patents**) by the end of the reporting period[58](index=58&type=chunk) - The company has achieved automated production of backlight display modules for laptops and tablets, continuously investing in smart manufacturing to improve yield, efficiency, and reduce costs[60](index=60&type=chunk) - The company has established close cooperative relationships with renowned panel enterprises such as BOE and CSOT, and terminal customers like Huawei and NIO, demonstrating a customer certification advantage[61](index=61&type=chunk) - The company focuses on medium-sized backlight display modules, reducing costs through scaled and standardized production, improving yield rates and bargaining power, thus forming an advantage of economies of scale[63](index=63&type=chunk) - The company continuously deepens its innovation and R&D system, focusing on cutting-edge fields such as Mini-LED curved displays, ultra-narrow bezel TLCM, ultra-thin backlights, and automotive HUD display systems, and possesses full-chain process technology advantages in smart cockpit displays and automotive electronics[64](index=64&type=chunk) [(I) Technological Advantages](index=14&type=section&id=(I)%20Technological%20Advantages) The company, leveraging deep technical accumulation, offers a product matrix covering diverse application scenarios and masters advanced technologies like tablet punch-hole screen development and automotive backlight module production. In light guide plates, it possesses core technologies such as optical simulation and dot pattern design, successfully developing HUD backlight systems and front light plate technology. In H1 2025, the company received the "Special Contribution to Industry Chain Project" award for its innovative anti-peep light guide plate technology, holding 418 registered patents, including 108 invention patents, by the end of the reporting period - The company's product matrix comprehensively covers diversified application scenarios such as laptops, tablets, desktop monitors, automotive displays, medical monitors, and industrial control monitors[57](index=57&type=chunk) - It masters advanced technologies like tablet punch-hole screen development and automotive backlight module production, possessing core technologies in light guide plates such as optical simulation and dot pattern design[57](index=57&type=chunk) - The developed HUD backlight system adopts an innovative optical architecture, configured with double-sided micro-structured lens plates to enhance brightness and clarity; the independently developed front light plate technology forms a micro-structured dot array through nano-imprinting to achieve a uniform planar light source[57](index=57&type=chunk)[58](index=58&type=chunk) - In the first half of 2025, the company received the "Special Contribution to Industry Chain Project" award for its innovative anti-peep light guide plate technology[58](index=58&type=chunk) - As of the end of the reporting period, the company held a total of **418 registered patents**, including **108 invention patents**; **8 new registered patents** were added, including **3 invention patents**[58](index=58&type=chunk) [(II) Integrated Structural Design Capability](index=15&type=section&id=(II)%20Integrated%20Structural%20Design%20Capability) As a one-stop integrated solution provider for backlight display modules, the company's industrial layout encompasses optical design, light guide plate design, and precision mold design. Through years of technical accumulation, the company can independently optimize each component of the backlight display module for best performance and possesses comprehensive development capabilities in Mini-LED backlight, including lamp board circuit design, layout, signal processing, and opto-mechanical design - The company's industrial layout covers optical design, light guide plate design, and precision mold design for backlight display modules[59](index=59&type=chunk) - It possesses optical design capabilities to independently adjust the size, tolerance, and performance of each component of the backlight display module to achieve optimal results[59](index=59&type=chunk) - In the Mini-LED backlight field, it possesses comprehensive development technical capabilities, including lamp board circuit design, layout, signal processing, and opto-mechanical design[59](index=59&type=chunk) [(III) Intelligent Manufacturing Capability](index=15&type=section&id=(III)%20Intelligent%20Manufacturing%20Capability) The company has achieved automated production of backlight display modules for laptops and tablets, significantly improving product yield and production efficiency. It continuously increases investment in smart manufacturing to enhance product precision, yield, reduce labor costs, and achieve lean and digital production - The company has achieved automated production of backlight display modules for laptops and tablets, significantly improving yield and production efficiency[60](index=60&type=chunk) - It continuously increases investment in smart manufacturing to enhance automation levels, thereby improving product precision and yield, reducing labor costs, and achieving lean and digital production[60](index=60&type=chunk) [(IV) Customer Certification Advantage](index=15&type=section&id=(IV)%20Customer%20Certification%20Advantage) The company's downstream customers are concentrated among well-known domestic and international equipment manufacturers, requiring strict and lengthy product and supplier certification processes to establish partnerships. By closely collaborating with customers, the company deeply understands their needs and industry trends, developing and producing market-compliant products to enhance competitiveness - The company's downstream customers are liquid crystal display panel manufacturers, with a relatively concentrated market share, requiring strict and lengthy product and supplier certification processes to introduce suppliers[61](index=61&type=chunk) - Through close cooperation with customers, the company can more deeply understand their core needs, product change trends, and the latest industry requirements, which helps in developing market-compliant products and improving customer satisfaction[61](index=61&type=chunk) [(V) Economies of Scale Advantage](index=15&type=section&id=(V)%20Economies%20of%20Scale%20Advantage) Focusing on medium-sized backlight display modules, the company has become one of the largest manufacturers in China, with a stable market position. Through scaled and standardized production, the company has accumulated core technologies and production experience, effectively reducing manufacturing costs, improving yield rates, and enhancing bargaining power and profitability, exhibiting a Matthew effect in securing large orders - The company focuses on medium-sized backlight display modules and has become one of the largest manufacturers in China, with a stable market position[63](index=63&type=chunk) - Through scaled and standardized production, the company effectively reduces product manufacturing costs, improves yield rates, and enhances bargaining power and profitability[63](index=63&type=chunk) - Leading backlight display module manufacturers experience a Matthew effect in securing orders, where those with high product quality and fast delivery speeds can secure large-scale orders at once[63](index=63&type=chunk) [(VI) Continuous R&D Advantage](index=16&type=section&id=(VI)%20Continuous%20R%26D%20Advantage) With R&D innovation as its core competitiveness, the company started with precision processing of optical materials and adhesive products, gradually expanding into systematic design and production of backlight display modules. It has established a comprehensive customized product development system, focusing on cutting-edge technologies such as Mini-LED curved displays, ultra-narrow bezel TLCM, and automotive HUD display systems, continuously increasing R&D investment, and building a professional technical talent pipeline to strengthen its full-chain process technology advantages in smart cockpit displays and automotive electronics - The company leverages R&D innovation as its core competitiveness, providing overall backlight display solutions that combine excellent optical performance with reasonable cost-effectiveness[64](index=64&type=chunk) - Technology R&D focuses on cutting-edge fields such as Mini-LED curved displays, ultra-narrow bezel TLCM modules, ultra-thin backlight technology, automotive HUD display systems, and innovative applications of front light guide plates[64](index=64&type=chunk) - The company possesses full-chain process technology in smart cockpit displays and automotive electronics, including OCA/OCR optical adhesive precision lamination, CG surface high-performance 3A optical film lamination, LCM/TLCM process integration, and key PCBA self-manufacturing technology[64](index=64&type=chunk) [III. Main Business Analysis](index=16&type=section&id=III.%20Main%20Business%20Analysis) During the reporting period, the company's main business revenue increased by **50.84%** year-on-year, primarily due to increased sales orders. Backlight module product revenue grew by **69.83%** with a **1.80%** increase in gross margin, while backlight module component revenue increased by **9.69%** with a slight decrease in gross margin. The company's main revenue comes from domestic direct sales, with backlight module and component capacity utilization rates of **57.62%** and **61.36%** respectively Key Financial Data Year-on-Year Changes | Item | Current Period (CNY) | Prior Year (CNY) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,554,291,575.98 | 1,030,413,393.15 | 50.84% | Primarily due to increased sales orders, leading to higher revenue | | Operating Cost | 1,389,140,367.58 | 917,732,884.79 | 51.37% | Primarily due to increased revenue, leading to higher costs | | Financial Expenses | 41,157,425.36 | 20,720,074.94 | 98.64% | Primarily due to increased interest expenses and decreased exchange gains | | Net Cash Flow from Operating Activities | 112,481,006.88 | -171,624,812.35 | 165.54% | Primarily due to increased customer collections during the reporting period | | Net Cash Flow from Investing Activities | -184,725,891.56 | 16,720,847.87 | -1,204.76% | Primarily due to increased payments for engineering equipment in the current period and large proceeds from equipment resale in the prior period | | Net Cash Flow from Financing Activities | 64,389,929.16 | 158,382,945.84 | -59.35% | Primarily due to a year-on-year decrease in share repurchases during the reporting period | | Net Increase in Cash and Cash Equivalents | -7,955,529.41 | 6,030,622.61 | -231.92% | Primarily due to large proceeds from equipment resale in the prior period | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (CNY) | Operating Cost (CNY) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Backlight Modules | 1,178,978,538.84 | 1,089,959,371.14 | 7.55% | 69.83% | 66.58% | 1.80% | | Backlight Module Components | 309,655,939.65 | 245,729,455.07 | 20.64% | 9.69% | 11.17% | -1.06% | - The company's main source of income is domestic sales, with a direct sales model, accounting for **100%** of operating revenue in the current reporting period[69](index=69&type=chunk) Main Product Capacity | Product Name | Capacity | Production Volume | Capacity Utilization Rate | Capacity Under Construction | | :--- | :--- | :--- | :--- | :--- | | Backlight Modules | 37,490.71 | 21,601.70 | 57.62% | 7,291 | | Backlight Module Components | 294,358.89 | 180,625.81 | 61.36% | - | [IV. Non-Main Business Analysis](index=18&type=section&id=IV.%20Non-Main%20Business%20Analysis) During the reporting period, non-main business activities impacted total profit, with negative investment income, significant asset impairment losses, and other income primarily from sustainable government subsidies Impact of Non-Main Business on Total Profit | Item | Amount (CNY) | Proportion of Total Profit | Explanation of Cause | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | -4,821,601.60 | 7.96% | Primarily investment income from long-term equity investments accounted for using the equity method | Yes | | Asset Impairment | -16,109,400.51 | 26.60% | Primarily provision for inventory depreciation | Yes | | Non-operating Income | 348,538.62 | -0.58% | Primarily approved payables no longer required to be paid, and compensation for breach of contract and quality deductions | No | | Non-operating Expenses | 1,657,279.61 | -2.74% | Primarily losses from destruction and scrapping of non-current assets | No | | Gains from Asset Disposal | 593,749.97 | -0.98% | Primarily gains from disposal of equipment | No | | Other Income | 28,132,795.53 | -46.46% | Primarily government grants recognized in current profit or loss | Yes | | Credit Impairment Losses | -2,184,180.37 | 3.61% | Primarily provision for doubtful accounts on accounts receivable | Yes | [V. Analysis of Assets and Liabilities](index=18&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) At the end of the reporting period, the company's total assets increased by **9.11%**, with monetary funds and accounts receivable significantly growing due to increased sales collections and revenue scale. Short-term borrowings decreased, long-term borrowings increased, and lease liabilities and contract liabilities declined. The company had no major overseas assets or financial assets and liabilities measured at fair value, and asset restrictions are detailed in the financial report notes Significant Changes in Asset Composition | Item | Amount at Period End (CNY) | Proportion of Total Assets | Amount at Prior Year End (CNY) | Proportion of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 986,047,452.87 | 17.13% | 839,000,932.10 | 15.91% | 1.22% | Primarily due to increased sales collections during the reporting period | | Accounts Receivable | 1,070,768,758.09 | 18.61% | 854,619,240.13 | 16.20% | 2.41% | Primarily due to increased revenue scale during the reporting period | | Inventories | 481,760,570.51 | 8.37% | 502,423,418.75 | 9.53% | -1.16% | - | | Long-term Equity Investments | 173,775,924.84 | 3.02% | 178,643,918.65 | 3.39% | -0.37% | - | | Fixed Assets | 1,566,519,825.91 | 27.22% | 1,582,289,261.04 | 30.00% | -2.78% | - | | Construction in Progress | 655,821,023.37 | 11.40% | 578,255,231.80 | 10.96% | 0.44% | - | | Right-of-Use Assets | 9,565,043.28 | 0.17% | 16,597,049.21 | 0.31% | -0.14% | Primarily due to termination of some leases and depreciation during the reporting period | | Short-term Borrowings | 352,513,550.52 | 6.13% | 468,484,575.95 | 8.88% | -2.75% | Primarily due to repayment of borrowings during the reporting period | | Contract Liabilities | 969,559.32 | 0.02% | 2,328,168.49 | 0.04% | -0.02% | Primarily due to decreased advance receipts for goods during the reporting period | | Lease Liabilities | 6,292,037.71 | 0.11% | 12,155,479.93 | 0.23% | -0.12% | Primarily due to termination of some leases and amortization during the reporting period | | Long-term Borrowings | 1,255,610,390.35 | 21.82% | 1,125,944,173.14 | 21.35% | 0.47% | - | - The company had no major overseas assets during the reporting period[75](index=75&type=chunk) - Financial assets measured at fair value at period-end amounted to **43,703,329.79 Yuan**, primarily due to an increase in notes receivable financing[76](index=76&type=chunk) - Information on restricted asset rights is detailed in the financial report notes[77](index=77&type=chunk) [VI. Investment Analysis](index=19&type=section&id=VI.%20Investment%20Analysis) During the reporting period, the company's investment decreased by **24.40%** year-on-year. Major non-equity investment projects include the annual production of 9 million Mini-LED lamp boards, TFT-LCD backlight and optical materials production, and display technology backlight module projects, all under construction, funded by self-owned capital, financial institution loans, and raised funds. The company had no significant equity investments, financial assets measured at fair value, or use of raised funds, with minor entrusted wealth management but no derivative investments or entrusted loans Investment Amount During the Reporting Period | Indicator | Investment Amount (CNY) | Investment Amount in Prior Year (CNY) | Change Rate | | :--- | :--- | :--- | :--- | | Investment Amount | 94,693,161.80 | 125,248,970.51 | -24.40% | - There were no significant equity investments during the reporting period[78](index=78&type=chunk) Major Non-Equity Investment Projects | Project Name | Investment in Current Period (CNY) | Cumulative Investment as of Period End (CNY) | Funding Source | Project Progress | | :--- | :--- | :--- | :--- | :--- | | Annual Production of 9 Million Mini-LED Lamp Boards and Other Projects | 78,413,840.66 | 1,016,707,262.16 | Self-owned funds, financial institution loans | 56.22% | | TFT LCD Backlight and Optical Materials Production Project | 16,195,199.90 | 462,445,071.77 | Self-owned funds, financial institution loans, raised funds | 54.87% | | Display Technology Backlight Module Project | 84,121.24 | 348,483,272.82 | Self-owned funds, government advances, raised funds | 97.38% | - The company had no use of raised funds during the reporting period[80](index=80&type=chunk) Overview of Entrusted Wealth Management | Source | Amount Incurred (CNY 10,000) | Unmatured Balance (CNY 10,000) | Overdue Unrecovered Amount (CNY 10,000) | Impairment Provision (CNY 10,000) | | :--- | :--- | :--- | :--- | :--- | | Self-owned funds (brokerage wealth management products) | 357.93 | 0 | 0 | 0 | | Self-owned funds (bank wealth management products) | 5,000 | 0 | 0 | 0 | | Total | 5,357.93 | 0 | 0 | 0 | - The company had no derivative investments or entrusted loans during the reporting period[84](index=84&type=chunk)[85](index=85&type=chunk) [VII. Significant Asset and Equity Sales](index=21&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Sales) The company did not engage in any significant asset or equity sales during the reporting period - The company did not sell significant assets during the reporting period[86](index=86&type=chunk) - The company did not sell significant equity during the reporting period[87](index=87&type=chunk) [VIII. Analysis of Major Holding and Participating Companies](index=21&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) The company's major subsidiaries include Chongqing Boshuo Optoelectronics, Boxun Optoelectronics Technology (Hefei), Bojing Technology (Chuzhou) etc., with businesses covering backlight display modules, light guide plates, and Mini-LED production. During the reporting period, the company established Guangzhou Ouxun Materials Co., Ltd. and deregistered Chuzhou Boxin Digital Technology Co., Ltd Major Subsidiaries and Participating Companies with Over 10% Impact on Company's Net Profit | Company Name | Company Type | Main Business | Registered Capital (CNY 10,000) | Total Assets (CNY 10,000) | Net Assets (CNY 10,000) | Operating Revenue (CNY 10,000) | Operating Profit (CNY 10,000) | Net Profit (CNY 10,000) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Chongqing Boshuo Optoelectronics Co., Ltd. | Subsidiary | Production, R&D, and sales of backlight display modules and light guide plates, precision processing of optical films | 13,231.00 | 109,763.82 | 39,780.18 | 32,889.42 | 2,370.18 | 1,878.46 | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | Subsidiary | Primarily engaged in the production, R&D, and sales of backlight display modules and light guide plates, precision processing of optical films | 53,192.40 | 233,457.97 | 53,930.90 | 49,240.17 | -653.05 | -341.46 | | Bojing Technology (Chuzhou) Co., Ltd. | Subsidiary | Primarily engaged in the production, R&D, and sales of MINI-LED | 80,000.00 | 315,245.14 | 59,806.60 | 104,231.25 | -3,562.58 | -3,528.97 | | Hefei Xingchen New Materials Co., Ltd. | Subsidiary | Primarily engaged in the production, R&D, and sales of optical films for backlight modules in the LCD industry | 400.00 | 27,544.30 | 12,707.36 | 13,387.10 | 1,249.83 | 1,141.07 | | Hefei Herenchang Technology Co., Ltd. | Subsidiary | Primarily engaged in R&D, production, processing, sales, and technical consulting services for mobile communication, flat panel displays and components | 2,300.00 | 9,926.12 | 1,981.38 | 2,878.68 | 546.64 | 411.02 | | Bosheng Technology (Chuzhou) Co., Ltd. | Subsidiary | Primarily engaged in the production, R&D, and sales of automotive parts and accessories | 5,300.00 | 12,422.27 | 2,238.79 | 6,758.41 | -2,597.44 | -1,857.42 | | Chongqing Bumming Optoelectronics Technology Co., Ltd. | Subsidiary | Primarily engaged in R&D and production of LCD adhesive frames; design and sales of precision molds | 500.00 | 13,386.48 | 12,075.69 | 2,837.24 | 686.38 | 794.94 | | Chongqing Hanbo Display Technology Co., Ltd. | Subsidiary | Primarily engaged in the production, R&D, and sales of backlight display modules | 8,000.00 | 68,826.20 | 4,906.19 | 14,136.03 | -1,974.22 | -1,349.79 | Acquisition and Disposal of Subsidiaries During the Reporting Period | Company Name | Method of Acquisition and Disposal of Subsidiaries During the Reporting Period | Impact on Overall Production, Operations, and Performance | | :--- | :--- | :--- | | Guangzhou Ouxun Materials Co., Ltd. | Establishment | No significant impact | | Chuzhou Boxin Digital Technology Co., Ltd. | Deregistration | No significant impact | [IX. Structured Entities Controlled by the Company](index=23&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company did not control any structured entities during the reporting period - The company had no structured entities under its control during the reporting period[90](index=90&type=chunk) [X. Risks Faced by the Company and Countermeasures](index=23&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company faces risks related to new capacity digestion, customer concentration, display technology iteration, declining comprehensive gross margin, loss of key technical personnel, and insufficient management and internal control effectiveness. The company has formulated corresponding countermeasures, including strengthening market research, expanding customers, increasing R&D investment, optimizing cost control, improving talent cultivation and management models, to address potential challenges - Risk of new capacity digestion: The company has ongoing construction projects at multiple production bases; unfavorable market demand or lagging market development may lead to new capacity not being absorbed in a timely manner. Countermeasures include strengthening market research, expanding customers, and optimizing product structure[90](index=90&type=chunk) - Risk of customer concentration: The company maintains close cooperation with renowned manufacturers such as BOE and Innolux; a decrease in demand from major customers or their shift to other suppliers would adversely affect performance. Countermeasures include deepening existing cooperation and actively expanding new customers[91](index=91&type=chunk) - Risk of display technology iteration: The company's products are primarily used in the LCD display field; if emerging technologies such as OLED, Mini-LED direct display, and Micro-LED achieve breakthroughs and cost reductions, they will challenge the mainstream position of LCD. Countermeasures include increasing R&D investment, focusing on emerging technologies, and optimizing LCD product performance[92](index=92&type=chunk) - Risk of declining comprehensive gross margin: Intensified industry competition, changes in market demand, and rising labor costs may lead to a decline in gross margin. Countermeasures include strengthening cost control, developing new high-gross margin products, and optimizing product structure[93](index=93&type=chunk)[94](index=94&type=chunk) - Risk of loss of key technical personnel and insufficient top technical talent: Insufficient compensation competitiveness or imperfect internal promotion systems may lead to talent loss. Countermeasures include improving talent cultivation and promotion mechanisms and strengthening corporate culture construction[95](index=95&type=chunk) - Risk of insufficient management and internal control effectiveness: Rapid expansion of business scale places higher demands on management levels and talent reserves. Countermeasures include improving the company's management model, optimizing organizational structure, and strengthening talent reserves and cultivation[96](index=96&type=chunk) [XI. Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period](index=24&type=section&id=XI.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20Interview%2C%20and%20Other%20Activities%20During%20the%20Reporting%20Period) During the reporting period, the company hosted investors and institutions through online platforms and on-site research, with details available in the investor relations activity record table on Juchao Information Network Registration Form for Research, Communication, Interview, and Other Activities During the Reporting Period | Reception Date | Reception Location | Reception Method | Type of Reception Object | Reception Object | Main Content Discussed and Materials Provided | Index of Basic Research Information | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | May 16, 2025 | Online Platform Online Communication | Online Platform Online Communication | Other | All investors participating in the performance briefing | See Investor Relations Activity Record Form (2025-001) for details | Juchao Information Network | | June 26, 2025 | Company Meeting Room | On-site Research | Institutions | Northeast Securities, Chaos Investment, Huaan Securities | See Investor Relations Activity Record Form (2025-002) for details | Juchao Information Network | [XII. Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=25&type=section&id=XII.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company has not formulated a market value management system nor disclosed a valuation enhancement plan - The company has not formulated a market value management system[98](index=98&type=chunk) - The company has not disclosed a valuation enhancement plan[98](index=98&type=chunk) [XIII. Implementation of "Dual Improvement in Quality and Returns" Action Plan](index=25&type=section&id=XIII.%20Implementation%20of%20%22Dual%20Improvement%20in%20Quality%20and%20Returns%22%20Action%20Plan) The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan - The company has not disclosed an announcement regarding the "Dual Improvement in Quality and Returns" action plan[98](index=98&type=chunk) [Section IV Corporate Governance, Environment, and Society](index=25&type=section&id=Section%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) This section details changes in the company's governance structure, profit distribution plans, employee incentives, environmental disclosures, and social responsibility initiatives [I. Changes in Directors, Supervisors, and Senior Management](index=25&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, supervisors Zhou Jiansheng, Xiao Zhiguang, and Sheng Huaixue resigned due to supervisory board reform Changes in Directors, Supervisors, and Senior Management | Name | Position Held | Type | Date | Reason | | :--- | :--- | :--- | :--- | :--- | | Zhou Jiansheng | Supervisor | Resignation | May 15, 2025 | Supervisory board reform | | Xiao Zhiguang | Supervisor | Resignation | May 15, 2025 | Supervisory board reform | | Sheng Huaixue | Supervisor | Resignation | May 15, 2025 | Supervisory board reform | [II. Profit Distribution and Capital Reserve to Share Capital Conversion During the Reporting Period](index=25&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Conversion%20During%20the%20Reporting%20Period) The company plans no cash dividends, bonus shares, or capital increase from capital reserves for the semi-annual period - The company plans no cash dividends, no bonus shares, and no capital increase from capital reserves for the semi-annual period[100](index=100&type=chunk) [III. Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=25&type=section&id=III.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company did not implement an equity incentive plan during the reporting period but has an effective second-phase employee stock ownership plan covering 77 employees, holding 1,811,556 shares, accounting for **0.97%** of the total share capital. Some directors, supervisors, and senior management participated in the employee stock ownership plan - The company did not implement equity incentives during the reporting period[101](index=101&type=chunk) All Effective Employee Stock Ownership Plans During the Reporting Period | Scope of Employees | Number of Employees | Total Shares Held (shares) | Proportion of Total Share Capital of Listed Company | Funding Source for Plan Implementation | | :--- | :--- | :--- | :--- | :--- | | Company directors (excluding independent directors), supervisors, senior management, core management personnel of the company (including controlled subsidiaries), core technical personnel, and other employees recognized by the company's board of directors | 77 | 1,811,556 | 0.97% | Legal compensation of company employees, self-raised funds, company incentive funds, and other legal methods permitted by laws and regulations | Shareholding of Directors, Supervisors, and Senior Management in Employee Stock Ownership Plans During the Reporting Period | Name | Position | Shares Held at Beginning of Period (shares) | Shares Held at End of Period (shares) | Proportion of Total Share Capital of Listed Company | | :--- | :--- | :--- | :--- | :--- | | Cai Jimei | Director, Deputy General Manager | 199,088 | 199,088 | 0.11% | | Zhang Yu | Director | 15,197 | 15,197 | 0.01% | | Li Yanping | Director, Chief Financial Officer | 41,793 | 41,793 | 0.02% | | Xiao Zhiguang | Supervisor | 44,832 | 44,832 | 0.02% | | Zhou Jiansheng | Supervisor | 15,197 | 15,197 | 0.01% | | Zhuang Menghu | Deputy General Manager | 37,234 | 37,234 | 0.02% | | Pan Dasheng | Board Secretary | 35,714 | 35,714 | 0.02% | [IV. Environmental Information Disclosure](index=27&type=section&id=IV.%20Environmental%20Information%20Disclosure) The company and its major subsidiary, Bojing Technology (Chuzhou) Co., Ltd., are included in the list of enterprises required to disclose environmental information by law and have publicly disclosed their environmental information reports - The company and its major subsidiary, Bojing Technology (Chuzhou) Co., Ltd., are included in the list of enterprises required to disclose environmental information by law[103](index=103&type=chunk) - The environmental information disclosure report of Bojing Technology (Chuzhou) Co., Ltd. can be found on the designated website[103](index=103&type=chunk) [V. Social Responsibility](index=27&type=section&id=V.%20Social%20Responsibility) Adhering to its mission of "building a platform for value realization and pursuing the happiness of all employees," the company is committed to the harmonious development of employees, the company, and society. During the reporting period, the company built new employee dormitories and a staff activity center, established an employee feedback mechanism, provided internal and external training, organized various cultural activities, strengthened integrity education and safety management, enhancing employee belonging and well-being - The company's vision is to "become the preferred partner in the semiconductor display industry," fulfilling its mission of "building a platform for value realization, pursuing the happiness of all employees; presenting beautiful colors to life, and promoting social progress and development"[104](index=104&type=chunk) - The company constructed new employee dormitories and a modern staff activity center to meet employees' housing and health and fitness needs[104](index=104&type=chunk) - An employee opinion, demand, complaint, and feedback mechanism was established, and internal and external training was provided to enhance employees' knowledge, skills, and professional qualities[104](index=104&type=chunk) - In the first half of 2025, the company organized activities such as "March 8th" Women's Day flower arrangement, basketball games, and "Healthy Up, Weight Down" fitness activities, and conducted integrity education and strengthened its safety management system[105](index=105&type=chunk) [Section V Significant Matters](index=28&type=section&id=Section%20V%20Significant%20Matters) This section covers important events and disclosures, including commitments, related party transactions, litigation, and other material information [I. Commitments Fulfilled and Overdue Unfulfilled Commitments by Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During and as of the End of the Reporting Period](index=28&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20Commitments%20by%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) During the reporting period, commitments regarding share lock-up by the company's actual controller, shareholders, and related parties were fulfilled on time, with no overdue unfulfilled commitments - Commitments regarding share lock-up by shareholders such as Hefei Wangshi Hanbo Technology Co., Ltd. and Hanbo Holding Group Co., Ltd. were fulfilled on August 17, 2023[107](index=107&type=chunk) - The committing parties guarantee compliance with relevant regulations of the China Securities Regulatory Commission and stock exchanges during share reductions, and will make prior announcements[107](index=107&type=chunk) [II. Non-Operating Funds Occupied by Controlling Shareholders and Other Related Parties from the Listed Company](index=28&type=section&id=II.%20Non-Operating%20Funds%20Occupied%20by%20Controlling%20Shareholders%20and%20Other%20Related%20Parties%20from%20the%20Listed%20Company) The company reported no non-operating funds occupied by controlling shareholders and other related parties during the reporting period - The company reported no non-operating funds occupied by controlling shareholders and other related parties during the reporting period[108](index=108&type=chunk) [III. Irregular External Guarantees](index=28&type=section&id=III.%20Irregular%20External%20Guarantees) The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[109](index=109&type=chunk) [IV. Appointment and Dismissal of Accounting Firms](index=28&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report was unaudited - The company's semi-annual financial report was unaudited[110](index=110&type=chunk) [V. Explanation by the Board of Directors, Supervisory Board, and Audit Committee on the "Non-Standard Audit Report" for the Current Reporting Period](index=29&type=section&id=V.%20Explanation%20by%20the%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Audit%20Committee%20on%20the%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Current%20Reporting%20Period) The company had no non-standard audit report during the reporting period - The company had no non-standard audit report during the reporting period[111](index=111&type=chunk) [VI. Explanation by the Board of Directors on the "Non-Standard Audit Report" for the Previous Year](index=29&type=section&id=VI.%20Explanation%20by%20the%20Board%20of%20Directors%20on%20the%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Previous%20Year) The company had no non-standard audit report for the previous year during the reporting period - The company had no non-standard audit report for the previous year during the reporting period[111](index=111&type=chunk) [VII. Bankruptcy Reorganization Matters](index=29&type=section&id=VII.%20Bankruptcy%20Reorganization%20Matters) The company did not experience any bankruptcy reorganization matters during the reporting period - The company did not experience any bankruptcy reorganization matters during the reporting period[111](index=111&type=chunk) [VIII. Litigation Matters](index=29&type=section&id=VIII.%20Litigation%20Matters) The company had no significant litigation or arbitration matters during the reporting period. Other cases not meeting the significant litigation threshold totaled **65.23 million Yuan**, with some under trial or already settled/judged, having no material adverse impact on the company's operations - The company had no significant litigation or arbitration matters during the current reporting period[112](index=112&type=chunk) Other Litigation Matters | Basic Information of Litigation (Arbitration) | Amount Involved (CNY 10,000) | Provision for Liabilities Formed | Progress of Litigation (Arbitration) | Outcome and Impact of Litigation (Arbitration) | Status of Judgment Enforcement for Litigation (Arbitration) | | :--- | :--- | :--- | :--- | :--- | :--- | | Other cases not meeting the significant litigation threshold that existed during the reporting period and were unsettled as of the end of the reporting period | 6,522.99 | No | Some are under trial, some were withdrawn by the opposing party after filing, some have been dismissed by the court, some have been settled, and some are in the judgment enforcement stage | No material adverse impact on the company's operations | Some settled cases have been enforced | [IX. Penalties and Rectification](index=29&type=section&id=IX.%20Penalties%20and%20Rectification) The company had no penalties or rectification situations during the reporting period - The company had no penalties or rectification situations during the reporting period[113](index=113&type=chunk) [X. Integrity Status of the Company, its Controlling Shareholder, and Actual Controller](index=29&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) The company, its controlling shareholder, and actual controller had no integrity issues during the reporting period - The company, its controlling shareholder, and actual controller had no integrity issues during the reporting period[114](index=114&type=chunk) [XI. Significant Related Party Transactions](index=29&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) During the reporting period, the company engaged in daily operational related party transactions with Yubo Automotive Electronics (Chuzhou) Co., Ltd., primarily product sales and related services, totaling **60.46 million Yuan**, which did not exceed the approved limit. The company had no related party transactions involving asset or equity acquisition/disposal, joint external investments, or related party creditor/debtor relationships, nor any financial business with affiliated finance companies Related Party Transactions Related to Daily Operations | Related Party | Related Party Relationship | Type of Related Party Transaction | Content of Related Party Transaction | Amount of Related Party Transaction (CNY 10,000) | Proportion of Similar Transactions | Approved Transaction Limit (CNY 10,000) | Exceeded Approved Limit | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Yubo Automotive Electronics (Chuzhou) Co., Ltd. | Associate | Sales of goods | Products and related services | 6,046.32 | 3.89% | 30,000 | No | - The company had no related party transactions involving asset or equity acquisition or disposal during the reporting period[116](index=116&type=chunk) - The company had no related party transactions involving joint external investments during the reporting period[117](index=117&type=chunk) - The company had no related party creditor or debtor relationships during the reporting period[118](index=118&type=chunk) - The company had no deposit, loan, credit, or other financial business with affiliated finance companies or finance companies controlled by the company and related parties[119](index=119&type=chunk)[120](index=120&type=chunk) [XII. Significant Contracts and Their Performance](index=31&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Performance) The company had no entrustment or contracting situations during the reporting period. While there were leasing matters, none generated profit exceeding **10%** of the total profit for the reporting period. The company provided multiple guarantees for its subsidiaries, with an actual guarantee balance totaling **2.47 billion Yuan** at the end of the reporting period, representing **259.33%** of the company's net assets, including **2.12 billion Yuan** for guaranteed entities with a debt-to-asset ratio exceeding **70%**. The company had no other significant daily operational or other major contracts - The company had no entrustment or contracting situations during the reporting period[122](index=122&type=chunk)[123](index=123&type=chunk) - The company had leasing matters, but no leasing projects generated profit exceeding **10%** of the company's total profit for the reporting period[124](index=124&type=chunk)[125](index=125&type=chunk) Company Guarantees for Subsidiaries | Name of Guaranteed Party | Disclosure Date of Guarantee Limit | Guarantee Limit (CNY 10,000) | Actual Occurrence Date | Actual Guarantee Amount (CNY 10,000) | Type of Guarantee | Guarantee Period | Fulfilled | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | April 09, 2024 | 7,000 | August 26, 2024 | 7,000 | Joint and several liability guarantee | April 10, 2025 | Yes | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | April 09, 2024 | 10,000 | April 24, 2024 | 10,000 | Joint and several liability guarantee | May 27, 2025 | Yes | | Chongqing Boshuo Optoelectronics Co., Ltd. | December 19, 2023 | 5,000 | April 16, 2024 | 5,000 | Joint and several liability guarantee | April 17, 2025 | Yes | | Chongqing Huixiangda Electronics Co., Ltd. | May 29, 2024 | 1,000 | March 27, 2024 | 1,000 | Joint and several liability guarantee | March 27, 2025 | Yes | | Hefei Xingchen New Materials Co., Ltd. | June 24, 2024 | 500 | June 25, 2024 | 500 | Joint and several liability guarantee | June 20, 2025 | Yes | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | April 18, 2024 | 13,000 | August 20, 2024 | 11,478.54 | Joint and several liability guarantee | April 15, 2027 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | September 19, 2024 | 10,000 | June 05, 2024 | 7,605.66 | Joint and several liability guarantee | November 15, 2028 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | January 27, 2022 | 10,000 | April 21, 2023 | 9,000 | Joint and several liability guarantee | April 20, 2029 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | December 10, 2020 | 35,000 | February 09, 2021 | 9,429.46 | Joint and several liability guarantee | December 21, 2029 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | February 23, 2024 | 10,000 | May 05, 2023 | 9,671.85 | Joint and several liability guarantee | January 08, 2026 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | April 11, 2025 | 7,000 | December 16, 2024 | 5,018.45 | Joint and several liability guarantee | April 07, 2026 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | May 28, 2025 | 10,000 | June 04, 2025 | 5,279 | Joint and several liability guarantee | May 25, 2026 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | September 19, 2024 | 8,000 | July 09, 2024 | 7,295 | Joint and several liability guarantee | September 19, 2027 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | November 07, 2023 | 6,000 | November 14, 2023 | 2,834.4 | Joint and several liability guarantee | August 25, 2024 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | April 09, 2024 | 7,800 | April 16, 2024 | 6,060.73 | Joint and several liability guarantee | April 08, 2027 | No | | Boxun Optoelectronics Technology (Hefei) Co., Ltd. | December 12, 2024 | 10,000 | December 12, 2024 | 9,817.44 | Joint and several liability guarantee | December 01, 2027 | No | | Chongqing Boshuo Optoelectronics Co., Ltd. | November 20, 2024 | 19,000 | January 29, 2024 | 13,883.74 | Joint and several liability guarantee | August 29, 2026 | No | | Chongqing Boshuo Optoelectronics Co., Ltd. | November 21, 2022 | 12,000 | May 14, 2025 | 2,453.22 | Joint and several liability guarantee | October 31, 2025 | No | | Chongqing Boshuo Optoelectronics Co., Ltd. | December 19, 2023 | 15,000 | March 06, 2024 | 6,893.6 | Joint and several liability guarantee | June 18, 2029 | No | | Chongqing Boshuo Optoelectronics Co., Ltd. | November 07, 2023 | 5,000 | November 15, 2023 | 2,948.19 | Joint and several liability guarantee | March 14, 2026 | No | | Chongqing Boshuo Optoelectronics Co., Ltd. | May 22, 2023 | 6,000 | October 23, 2023 | 3,485 | Joint and several liability guarantee | April 22, 2024 | No | | Chongqing Huixiangda Electronics Co., Ltd. | June 24, 2024 | 500 | March 17, 2025 | 500 | Joint and several liability guarantee | October 08, 2025 | No | | Hefei Xingchen New Materials Co., Ltd. | March 19, 2024 | 2,000 | March 28, 2024

翰博高新材料（合肥）股份有限公司 控股子公司管理制度 第一章 总 则 第一条 为加强翰博高新材料（合肥）股份有限公司（以下简称"公司"） 对控股子公司的管理，确保控股子公司规范、高效、有序的运作，切实保护投资 者利益，根据《公司法》《证券法》《企业内部控制基本规范》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第2号——创 业板上市公司规范运作》和《翰博高新材料（合肥）股份有限公司章程》（以下 简称《公司章程》）等法律、法规和规章，特制定本制度。 第二条 本制度所称控股子公司系指公司直接或间接持有其50%以上的股权 比例，或持股比例虽未超过50%，但能够决定其董事会半数以上成员的组成，或 者通过协议或其他安排能够对其实际控制（即纳入公司合并会计报表的子公司）， 以下简称"子公司"。 第三条 子公司在公司总体方针目标框架下，独立经营和自主管理，合法有 效地运作企业法人财产。公司按照有关法律法规和上市公司规范运作要求，行使 对子公司的重大事项管理，子公司同时应当依法、合规地执行母公司对子公司的 各项制度规定。 第四条 子公司应遵循本制度规定，结合公司其他内部控制制度，根据自身 经营特点 ...

翰博高新材料（合肥）股份有限公司 投资者关系管理制度 第一章 总 则 第一条 为进一步完善翰博高新材料（合肥）股份有限公司（以下简称"公 司"）治理结构，规范公司投资者关系工作，加强公司与投资者和潜在投资者（以 下统称"投资者"）之间的沟通，加深投资者对公司的了解和认同，促进公司和 投资者之间长期、稳定的良好关系，提升公司的诚信度、核心竞争能力和持续发 展能力，实现公司价值最大化和股东利益最大化，根据《中华人民共和国公司法》 《中华人民共和国证券法》《深圳证券交易所创业板股票上市规则》（以下简称 《股票上市规则》）《深圳证券交易所上市公司自律监管指引第 2 号——创业板 上市公司规范运作》《翰博高新材料（合肥）股份有限公司章程》（以下简称《公 司章程》）《翰博高新材料（合肥）股份有限公司信息披露管理制度》及其它法 律、法规和规定，结合本公司实际情况，特制订本管理制度。 第二条 投资者关系管理是指公司通过各种方式的投资者关系活动，加强与 投资者和潜在投资者之间的沟通，增进投资者对公司的了解的持续管理行为。 第三条 公司通过充分的信息披露，并运用金融和市场营销的原理加强与投 资者之间的沟通，促进投资者对公司的了解 ...

翰博高新材料（合肥）股份有限公司 信息披露管理制度 第一章 总 则 第一条 为规范翰博高新材料（合肥）股份有限公司（以下简称"公司"） 及与公司相关的其他信息披露义务人的信息披露行为，确保信息披露的真实、准 确、完整、及时，促进公司依法规范运作，维护公司和投资者的合法权益，根据 《中华人民共和国公司法》《中华人民共和国证券法》（以下简称《证券法》）、 《上市公司信息披露管理办法》（以下简称《管理办法》）、《深圳证券交易所 创业板股票上市规则》（以下简称《股票上市规则》）、《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》（以下简称《规范运作 指引》）等有关法律、法规、规范性文件和《翰博高新材料（合肥）股份有限公 司章程》（以下简称《公司章程》）的规定，制订本制度。 第二条 本制度所称信息披露是指将可能对公司股票价格产生重大影响而投 资者尚未得知的重大信息以及证券监管部门要求披露的其他信息，在规定的时间 内，通过指定媒体向社会公众公布，并送达证券监管部门备案的行为。 第三条 本制度所称"信息披露义务人"包括： （一）公司及公司董事、高级管理人员； （二）公司股东、实际控制人、收购人； ...