Financial Performance - The company's operating revenue for Q1 2021 was ¥49,655,379,519, representing a 107.87% increase compared to ¥25,879,940,117 in the same period last year[4] - Net profit attributable to shareholders for Q1 2021 reached ¥5,182,037,171, an increase of 814.46% from ¥566,676,460 in the previous year[4] - The net cash flow from operating activities was ¥14,522,832,708, showing a significant increase of 178.02% compared to ¥5,223,671,919 in Q1 2020[4] - Basic and diluted earnings per share for Q1 2021 were both ¥0.147, reflecting a 950.00% increase from ¥0.014 in the same quarter last year[4] - The weighted average return on equity was 5.51%, up from 0.50% in the previous year[4] - Revenue increased by 108% year-on-year, driven by rising product prices and new project capacity release[12] - Operating costs rose by 77% year-on-year, corresponding to the increase in revenue scale[12] - Sales expenses grew by 43% year-on-year, reflecting the expansion of the company's revenue scale[12] - Management expenses increased by 59% year-on-year, also due to the growth in revenue scale[12] - R&D expenses rose by 46% year-on-year, attributed to increased research efforts[12] - Financial expenses increased by 44% year-on-year, related to new project operations and changes in the consolidation scope[12] Assets and Liabilities - Total assets at the end of Q1 2021 were ¥427,658,157,566, a slight increase of 0.80% from ¥424,256,806,331 at the end of the previous year[4] - Net assets attributable to shareholders increased to ¥112,362,224,896, an 8.80% rise from ¥103,276,766,835 at the end of the previous year[4] - Accounts receivable increased by 31% compared to the beginning of the period, reflecting the growth in revenue scale[12] - The total liabilities amounted to CNY 249.80 billion, slightly down from CNY 250.86 billion, indicating a decrease of about 0.42%[32] - Current liabilities decreased to CNY 103.31 billion from CNY 104.96 billion, a reduction of approximately 1.57%[32] - Short-term borrowings decreased significantly from CNY 8.60 billion to CNY 6.45 billion, a decline of about 25.00%[32] - Accounts payable increased to CNY 32.55 billion from CNY 27.16 billion, representing an increase of approximately 19.73%[32] Investment and Financing Activities - The company plans to issue up to 30 billion RMB in perpetual bonds, with the first phase of 8 billion RMB already issued at a 4.0% interest rate[13] - The company’s cash outflow from investment activities increased by 68% year-on-year, mainly due to share buybacks and new project expenditures[12] - The company plans to raise up to 2 billion CNY through a private placement of A-shares to fund various projects, including acquiring a 24.06% stake in Wuhan BOE Optoelectronics and constructing a 6th generation AMOLED production line in Chongqing[15] - The company has received approval from the State-owned Assets Supervision and Administration Commission for the private placement, allowing for the issuance of up to 695,967,975.52 shares[16] - The company reported a cash balance of RMB 70,432,014,729 as of March 31, 2021, down from RMB 73,694,296,095 at the end of 2020[30] - The company reported a net cash outflow of 18,673,355,799.00 CNY from investing activities, which is a significant increase from the previous net outflow of 8,092,167,330.00 CNY[45] Legal and Regulatory Matters - The company has reported a total litigation claim amounting to approximately 41.84 million USD against LeEco, with a court ruling requiring LeEco to pay 36.94 million USD in principal and interest[15] - The company has made provisions for bad debts related to the litigation, reflecting uncertainty regarding the impact on financials[15] - The company is in the process of responding to feedback from the China Securities Regulatory Commission regarding its private placement application[16] - The company has been listed as a dishonest executor due to the inability of LeEco to fulfill its financial obligations, which may affect future cash flows[15] Management and Corporate Governance - The company appointed Zhang Yu as Vice President and Chief Human Resources Officer, and Su Xuefei as Securities Affairs Representative[16] - The company’s management has committed to not reducing or transferring their shares for a period of six months after their term ends, ensuring stability in shareholder confidence[19] Research and Development - Research and development expenses for the first quarter were CNY 2,289,899,747, compared to CNY 1,568,083,480 in the previous year, marking an increase of approximately 45.8%[38] - The company is expanding its investment in high-generation TFT-LCD production lines, as indicated in recent announcements[17] Cash Flow and Financial Position - The company reported a net cash inflow from operating activities of ¥50,851,639,955, compared to ¥33,226,155,566 in the previous period[44] - The cash flow from operating activities showed a net outflow of 1,263,796,298.00 CNY for the parent company, compared to a net outflow of 896,652,664.00 CNY in the previous period, reflecting an increase in cash outflow[47] - The total cash inflow from investment activities was 7,495,330,153.00 CNY, slightly up from 7,485,220,158.00 CNY, showing a marginal increase[45] Miscellaneous - The company has not reported any mergers or acquisitions during this period, focusing instead on organic growth and product development[39] - The report indicates that there were no significant changes in accounting policies for derivatives compared to the previous reporting period[22] - The first quarter report was not audited[58] - The report was approved for submission by the board on April 29, 2021[58]

Financial Performance - The company's operating revenue for 2020 was CNY 135.55 billion, representing a 16.80% increase compared to CNY 116.06 billion in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 5.04 billion, a significant increase of 162.46% from CNY 1.92 billion in 2019[18]. - The net cash flow from operating activities reached CNY 39.25 billion, up 50.49% from CNY 26.08 billion in the previous year[18]. - The basic earnings per share for 2020 was CNY 0.13, reflecting a 160.00% increase from CNY 0.05 in 2019[18]. - Total assets at the end of 2020 amounted to CNY 424.26 billion, an increase of 24.63% from CNY 340.41 billion at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were CNY 103.28 billion, an 8.65% increase from CNY 95.06 billion at the end of 2019[18]. - The company reported a weighted average return on equity of 5.15% for 2020, up from 2.16% in 2019[18]. - The net profit after deducting non-recurring gains and losses for 2020 was CNY 2.67 billion, compared to a loss of CNY 1.17 billion in 2019[18]. Revenue Growth - In 2020, the total operating revenue for the company was approximately CNY 135.55 billion, with a significant increase in quarterly revenue from CNY 23.89 billion in Q1 to CNY 40.65 billion in Q4, representing a growth of 70.7% in the fourth quarter compared to the first quarter[22]. - The net profit attributable to shareholders of the listed company reached CNY 2.56 billion in Q4 2020, showing a substantial increase from CNY 566.68 million in Q1, marking a growth of 352.5%[22]. - The company reported a net cash flow from operating activities of CNY 15.78 billion in Q4 2020, up from CNY 5.22 billion in Q1, indicating a strong improvement in cash generation capabilities[22]. - The display business generated revenue of approximately CNY 131.97 billion, growing by about 16.03% year-on-year, with overall sales volume increasing by 18%[45]. - The sensor and solutions business saw a revenue of approximately CNY 120 million, marking a year-on-year growth of approximately 90.95%[46]. - The smart system innovation business reported revenue of approximately CNY 1.33 billion, reflecting a year-on-year increase of about 61.72%[47]. - The smart medical engineering business achieved revenue of approximately CNY 1.52 billion, with a year-on-year growth of about 12.15%[48]. Investment and Acquisitions - The company completed the acquisition of the 8.5-generation LCD production line from China Electronics Panda and the 8.6-generation line in Chengdu, enhancing product variety and capacity[36]. - The company has invested CNY 172 million in Chengdu BOE Optoelectronics Technology Co., achieving 100% of the investment progress[94]. - The company has invested CNY 50 million in Mianyang BOE Optoelectronics Technology Co., achieving 100% of the investment progress[94]. - The company has invested CNY 48.6 million in Chongqing BOE Display Technology Co., achieving 100% of the investment progress[94]. - The company has invested CNY 100 million in Wuhan BOE Optoelectronics Technology Co., with CNY 48.63 million utilized in the current period, achieving 100% of the investment progress[94]. - The company has completed the acquisition of Nanjing Zhongdian Panda Flat Panel Display Technology Co., Ltd. to strengthen its industry-leading position[101]. Research and Development - The company filed over 9,000 new patent applications in 2020, with more than 4,500 in innovative fields such as flexible OLED and artificial intelligence[39]. - Research and development expenses increased by 13.77% to CNY 7.62 billion in 2020, representing 6.97% of total operating revenue[66]. - The total R&D personnel count was 19,694, with a slight increase of 0.39% from 2019, but the proportion of R&D personnel decreased to 25.76%[67]. Corporate Governance and Shareholder Matters - The company initiated a long-term equity incentive plan in 2020, using its own funds to repurchase shares for core technical and management teams, aligning interests among shareholders and management[41]. - The company reported a total of CNY 1,985,465 in guarantees for Chongqing BOE Display Technology Co., Ltd. with a guarantee period extending to December 31, 2033[146]. - The company has not proposed a cash dividend distribution plan for the reporting period despite having positive distributable profits[112]. - The company has not reported any penalties or rectifications during the reporting period[133]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[136]. Social Responsibility and Environmental Initiatives - The company has actively participated in social responsibility initiatives, including education and health poverty alleviation projects, with a total investment of 951.05 thousand in 2020[158]. - The company donated 1 million to the Anhui Red Cross for medical assistance to impoverished patients[158]. - The company has established a comprehensive environmental management system to monitor and improve its environmental performance[164]. - The company has achieved compliance with national and local environmental standards for wastewater, air pollutants, and noise emissions, and is committed to enhancing its environmental management practices[166]. Legal and Compliance Matters - The company is involved in a lawsuit with a claim amount of 284.71 million yuan against LeEco Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LeEco Holdings (Beijing) Co., Ltd.[128]. - The company is involved in ongoing litigation against LeEco for approximately 41.84 million USD due to contract disputes, with a court ruling requiring LeEco to pay outstanding debts[170]. - The company has made provisions for bad debts related to the litigation, reflecting potential uncertainties in financial impact[172]. Future Plans and Strategies - The company aims to establish itself as a leading IoT innovation enterprise, focusing on semiconductor display and IoT market trends, with a strategic goal of expanding into multiple segments[27]. - The company plans to implement an equity incentive plan, including stock options and restricted stock, totaling up to 981,150,000 shares, which represents approximately 2.82% of the total share capital[134]. - The company plans to expand its educational support and health poverty alleviation projects in 2021[161].

Financial Performance - Operating revenue for the reporting period was ¥40.82 billion, representing a year-on-year increase of 33.04%[4] - Net profit attributable to shareholders was ¥1.34 billion, a significant increase of 629.30% compared to the same period last year[4] - Basic earnings per share were ¥0.035, reflecting a 600.00% increase compared to the same period last year[4] - The total operating revenue for the third quarter of 2020 was CNY 40.82 billion, an increase of 33.0% compared to CNY 30.68 billion in the same period last year[37] - The net profit for the third quarter reached CNY 1,390,116,038, compared to a net loss of CNY 796,870,738 in the previous year, marking a turnaround in profitability[40] - The company reported a total profit of CNY 1,836,416,801 for the quarter, compared to a loss of CNY 578,408,955 in the previous year[40] - The net profit for the period was ¥1.51 billion, compared to ¥331.21 million in the previous period, representing a significant increase[45] Assets and Liabilities - Total assets at the end of the reporting period reached ¥363.17 billion, an increase of 6.68% compared to the end of the previous year[4] - The total liabilities of the company were CNY 209.62 billion, up from CNY 199.35 billion, which is an increase of about 5.7%[32] - The company's equity increased to CNY 153.55 billion, compared to CNY 141.06 billion at the end of 2019, representing a growth of approximately 8.8%[32] - The total assets of the company reached CNY 188.01 billion as of September 30, 2020, up from CNY 172.62 billion at the end of the previous year, representing a growth of 8.9%[36] - The total liabilities amounted to CNY 90.37 billion, an increase from CNY 85.71 billion, indicating a rise of 6.0%[36] Cash Flow - Net cash flow from operating activities was ¥13.75 billion, up 178.83% year-on-year[4] - The net cash flow from operating activities was CNY 23,468,514,408, up 42% from CNY 16,526,989,409 in the same period last year[50] - The net cash flow from operating activities was -907,956,761.00 CNY, compared to -401,397,250.00 CNY in the previous year, indicating a decline in operational performance[54] - The cash inflow from financing activities was CNY 44,879,327,979, a decrease from CNY 47,677,280,765 in the same period last year[51] Investments and R&D - The company plans to invest 1 billion RMB in R&D for new technologies over the next two years[27] - Research and development expenses increased to CNY 2,006,550,087, up from CNY 1,607,788,491, reflecting a growth of about 24.6% year-over-year[42] - The company reported investment income of CNY 136,550,419, which is an increase from CNY 62,422,694 in the previous year, showing a growth of about 118%[40] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 1,207,757[8] - The largest shareholder, Beijing State-owned Capital Management Center, holds 11.68% of the shares[8] - The company has completed the share repurchase plan, reaching the maximum number of shares intended for buyback[16] Market and Strategic Initiatives - The company is expanding its market presence in Europe, targeting a 25% increase in market share by the end of 2021[27] - Strategic acquisitions are being pursued to enhance technological capabilities, with a focus on integrating AI solutions into existing products[26] - The company is actively participating in industry consolidation efforts, aiming to strengthen its position in the market[27] Financial Challenges - Financial expenses increased by 40% year-on-year, mainly due to the repayment of convertible debt in the previous year[11] - Asset impairment losses increased by 51% year-on-year, primarily due to increased provisions for inventory write-downs[11] - The company reported a significant increase in cash outflow for investment activities, totaling 14,454,985,543.00 CNY, compared to 9,315,555,718.00 CNY last year[54]