欧菲光回应深交所问询 标的资产欧菲微电子业绩波动引关注

Core Viewpoint - O-film Technology Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its share issuance for asset acquisition and fundraising, detailing the operational performance and business model of its subsidiary O-film Microelectronics (Nanchang) Co., Ltd. [1] Group 1: Performance and Business Model Analysis - O-film Microelectronics specializes in the R&D, production, and sales of sensor modules such as fingerprint recognition and 3D sensing modules, serving as the sole entity for O-film in this business area [2] - The net profit attributable to the parent company for O-film Microelectronics showed fluctuations, with figures of 237 million, 279 million, and 37 million yuan over the reporting periods, while the listed company reported net profits of 77 million, 58 million, and -59 million yuan, indicating performance discrepancies [1][2] Group 2: Procurement and Revenue Recognition - O-film Microelectronics employs four procurement models: self-procurement, customer-specified suppliers, Buy&Sell, and customer-supplied materials, with the specified procurement and Buy&Sell models accounting for 85.19%, 85.72%, and 82.80% of total procurement during the reporting periods [2] - The company justifies the use of the total amount method for revenue recognition under the Buy&Sell model, citing control over raw materials and risk-bearing obligations, aligning with industry practices [2] Group 3: Customer and Supplier Concentration - The sales revenue from the top five customers accounted for 79.40%, 78.30%, and 79.29% of total revenue, while the procurement from the top five suppliers represented 62.45%, 61.47%, and 58.64%, indicating high concentration levels [3] - O-film Microelectronics' international sales revenue has been increasing, reaching 44.94%, 49.45%, and 57.48% over the reporting periods, with higher sales prices and gross margins for overseas products due to their complexity and application in high-end markets [3] Group 4: Consignment Model and Related Transactions - The consignment model accounted for 21.74%, 16.63%, and 12.84% of revenue during the reporting periods, with higher gross margins observed in 2024 and early 2025 due to increased sales of high-end ultrasonic fingerprint recognition modules [4] - The company emphasizes that overlapping transactions between suppliers and customers are commercially reasonable and comply with accounting standards [4] Group 5: Financial Data and Internal Control Measures - O-film Microelectronics' other monetary funds primarily consist of loans and credit guarantees, with significant fluctuations in balances due to financing scale [5] - The company has not made provisions for bad debts on receivables from related parties, citing a 100% collection rate from end customers, consistent with industry practices [5] - Adequate provisions for fixed and intangible asset impairments have been made, and the accounting treatment for deferred tax assets aligns with accounting standards [6]