YONGTAI TECH.(SZ:002326)2022-12-06 08:58Group 1: Financial Performance - The net profit attributable to shareholders for the first half of 2016 is projected to be between RMB 11,066.12 million and RMB 14,385.96 million, representing a year-on-year growth of 0%-30% [1] - The company expects to achieve a net profit of no less than RMB 1.2 billion over the next three years, and with the performance commitments from Zhejiang Handxin and Foshan Handxin, the net profit could reach no less than RMB 1.4 billion [1] Group 2: Profit Commitment - The actual controllers of the company have publicly committed that if the cumulative net profit from 2016 to 2018 is less than RMB 1.2 billion, they will make up the difference in cash within 10 working days after the 2018 audit report is disclosed [2] - The promised profit from Zhejiang Handxin and Foshan Handxin (calculated at 90% for Foshan Handxin) for the years 2016 to 2018 is not less than RMB 224.8 million [2] Group 3: Product Development - The company's CF photoresist products can be applied in the production of OLED products, with ongoing technical research and development in collaboration with Huaxing Optoelectronics, aiming for mass production this year [2] - The acquisition of Zhejiang Handxin and Foshan Handxin aims to enhance profitability, integrate the pharmaceutical industry chain, reduce risks in entering the raw material and formulation markets, and improve the company's pharmaceutical sector layout [2]