东旭B：2017年年度报告（英文版）.PDF

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1、Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 1 Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report April 2018Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 2 I.Important Notice,Table of Contents and Definitions The Board of Directors,Supervisory Committee,all d

2、irectors,supervisors and senior executives of the Company hereby guarantees that there are no misstatement,misleading representation or important omissions in this report and shall assume joint and several liability for the authenticity,accuracy and completeness of the contents hereof.Mr.Li Zhaoting

3、,The Company leader,Mr.Huang Jinliang,Chief financial officer and the Mr.Gao Feipeng,the person in charge of the accounting department(the person in charge of the accounting)hereby confirm the authenticity and completeness of the financial report enclosed in this annual report.All the directors atte

4、nded the board meeting for reviewing the Annual Report.The development strategy,operation plan and other forward-looking statements involved in this report will not constitute any substantive commitment to the investors by the Company.Investors please be aware of the investment risks.The company has

5、 already described the risk items existed in details in the report with reference to(IV)possible risks of IX Operation Conditions Discussion and Analysis.The profit distribution proposal reviewed and approved by the boarding meeting was summarized as follows:total share of 5,730,250,118 for Base on

6、the Companys total share capital as at December 31,2017,the Company would distribute cash dividend to all the shareholders at the rate of CNY 0.7 for every 10 shares(including tax),0 bonus share(including tax)and no reserve would be converted into share capital.Tunghsu Optoelectronic Technology Co.,

7、Ltd.2017 Annual Report 3 Table of Contents I.Important Notice,Table of contents and Definitions II.Basic Information of the Company and Financial index III.Outline of Company Business IV.Managements Discussion and Analysis V.Important Events VI.Change of share capital and shareholding of Principal S

8、hareholders VII.Situation of the Preferred Shares VIII.Information about Directors,Supervisors and Senior Executives IX.Administrative structure X.Corporate Bond XI.Financial Report XII.Documents available for inspection Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 4 Definition Terms

9、 to be defined Refers to Definition Company Law Refers to Company Law of the Peoples Republic of China Securities Law Refers to Securities Law of the Peoples Republic of China CSRC Refers to China Securities Regulatory Commission SZSE Refers to Shenzhen Stock Exchange Tunghsu Group Refers to Tunghsu

10、 Group Co.,Ltd.Baoshi Group Refers to Shijiazhuang Baoshi Electronics Group Co.,Ltd Tunghsu Optoelectronic,Company,The Company Refers to Tunghsu Optoelectronic Technology Co.,Ltd.Guangzhou Securities,Sponsor institutions Refers to Guangzhou Securities Co.,Ltd.Tunghsu（Yingkou）Optoelectronic Refers to

11、 Tunghsu（Yingkou）Optoelectronic Display Co.,Ltd.Xuhong Optoelectronic Refers to Sichuan Xuhong Optoelectronic Technology Co.,Ltd.Wuhu Optoelectronic Refers to Wuhu Tunghsu Optoelectronic Technology Co.,Ltd.,was the implementation unit of the non-public item to raise money for and invest in of“The Pr

12、oject of Production Line for Panel Display Plate”in 2013 Wuhu Equipment Refers to Wuhu Tunghsu Optoelectronic Equipment Technology Co.,Ltd.Shijiazhuang Equipment Refers to Shijiazhuang Tunghsu Optoelectronic Equipment Technology Co.,Ltd.Tunghsu(Kunshan)Refers to Tunghsu（Kunshan）Display material Co.,

13、Ltd.，In 2015,was the implementation unit of the non-public item to raise money for and invest in“Project of Production Line for the 5th-generation CF for TFT-LCD”.Tunghsu Construction Refers Tunghsu Construction Group Co.,Ltd.Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 5 to Fuzhou X

14、ufu Refers to Fuzhou Xufu Optoelectronic Technology Co.,Ltd.，In 2016,was the non-public item to raise money for and invest in“Project of Production Line for the 8.5th-generation CF for TFT-LCD”Fuzhou Optoelectronic Refers to Fuzhou Tunghsu Optoelectronic Technology Co.,Ltd.，In 2016,was the non-publi

15、c item to raise money for and invest in“Project of Production Line for the 8.5th-generation CF for TFT-LCD”Tunghsu Finance Company Refers to Tunghsu Group Finance Co.,Ltd.Shanghai Tanyuan Huigu Refers to Shanghai Tanyuan Huigu New Material Technology Co.,Ltd.Xutan New Material Refers to Beijing Xuta

16、n New Material Technology Co.,Ltd.Mingshuo Technology Refers to Mingshuo(Beijing)Electronic Technology Co.,Ltd SUNLONG Refers to Shanghai Sunlong Bus Co.,Ltd.，2017 issue of shares and payment of cash to buy the assets of the enterprise Yihuatong Refers to Beijing Yihuatong Technology Co.,Ltd.BOE Ref

17、ers to BOE Technology Group Co.,Ltd.Tianma Refers to Tianma Microelectronics Co Ltd IVO Refers to Infovision Optoelectronics Co.,Ltd.INESA Refers to INESA(Group)Co.,Ltd Shenchao Optoelectronic Refers to Shenchao Optoelectronic(Shenzhen)Co.,Ltd.INNOLUX Refers to Innolux Display Group AUO Refers to Au

18、 Optronics Corp.CPT Refers to Chunghwa Picture Tubes,Ltd.HannStar Refers to HannStar Display Corporation.CSOT Refers China Star optoelectronics Technology Co.,Ltd.Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 6 to TFT-LCD Refers to Thin Film Transistor Liquid Crystal Display LTPS Refe

19、rs to Low Temperature Poly-silicon AMOLED Refers to Active-matrix organic light emitting diode Glass substrate Refers to A thin glass sheet with extremely smooth surface is a basic component of constituting LCD display device as well as one of the critical basic materials in panel display industry.T

20、he glass sheet can be divided into various generations by its size,and the higher the generation is,the bigger the size will be.G5 glass substrate Refers to The size of the 5th-generation glass substrate is 1100 mm 1300 mm.G6 glass substrate Refers to The size of the 6th-generation glass substrate i

21、s 1500 mm 1850 mm.G8.5 glass substrate Refers to The size of the 8.5th-generation glass substrate is 2300 mm 2500 mm CF Refers to Critical original materials of LCD panel for realizing colorization display Grapheme materials Refers to Refers to two-dimensional carbon materials related to grapheme,wi

22、th a layer less than 10 carbon atoms Cover glass Refers to In addition to mobile phones,tablet PCs and other displays,for the touch screen touch module,display and non-touch screen display to protect the transparent glass lens New Energy Bus Refers to Adopting new power systems,fully or mainly rely

23、on new energy-driven passenger bus,including pure electric bus and fuel cell bus Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 7 II.Basic Information of the Company and Financial index I.Company Information Stock abbreviation Tunghsu Optoelectronic,Tunghsu B Stock code 000413、200413 S

24、tock abbreviation after change(if any)Tunghsu Optoelectronic,Tunghsu B Stock exchange for listing Shenzhen Stock Exchange Name in Chinese 东旭光电科技股份有限公司 Chinese Abbreviation 东旭光电 English name(If any)Tunghsu Optoelectronic Technology Co.,Ltd.English abbreviation(If any)Tunghsu Optoelectronic Legal Repr

25、esentative Li Zhaoting Registered address No.9,Huanghe Road,Shijiazhuang High-tech Industrial Development Area,Shijiazhuang,Hebei Province Postal code of the Registered Address 050035 Office Address No.5 Court,No.23 A Fuxing Road,Haidian District,Beijing Postal code of the office address 100036 Inte

26、rnet Web Site www:T E-mail dxgddong- II.Contact person and contact manner Board secretary Securities affairs Representative Name Gong Xin Wang Qingfei Contact address No.5 Court,No.23 A Fuxing Road,Haidian District,Beijing No.5 Court,No.23 A Fuxing Road,Haidian District,Beijing Tel 010-68297016 010-

27、68297016 Fax 010-68297016 010-68297016 E-mail gongxin_ wangqingfeidong- Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 8 III.Information disclosure and placed Newspapers selected by the Company for information disclosure China Securities Journal,Shanghai Securities News,Securities Time

28、s and Hong Kong Commercial Daily Internet website designated by CSRC for publishing the Annual report of the Company http:/ The place where the Annual report is prepared and placed Securities Dept of the Company IV.Registration changes of the Company Organization Code No Change Changes in principal

29、business activities since listing(if any)No Change Changes is the controlling shareholder in the past(is any)No Change V.Other Relevant Information CPAs engaged Name of the CPAs Hebei Guanghuacai Guanghua Certified public Accountants LLP.Office address 24/F,A Building,Wantong New Word office Buildin

30、g,No.2 Fuwai Street,Xicheng District,Beijing Names of the Certified Public Accountants as the signatories Qi Zhenghua,Meng Xiaoguang The sponsor performing persist ant supervision duties engaged by the Company in the reporting period.Applicable Not applicable Name Office address Representative Consi

31、stent supervision period Guangzhou Securities Co.,Ltd.20/F,Guangzhou International Finance Center Tower,No.5 Zhujiang West Road,Tianhe District,Guangzhou.Wu Jian,Shi Jianhua 2016.3.21-2017.12.31 Independent financial advisor hired by the Company to exercise constant supervision over the Company duri

32、ng the Reporting period Applicable Not applicable Name Office address Name of sponsor Consistent supervision period Zhongtian Guofu Securities Co.,Ltd.Financial Area,(North),B Zhongtian Huizhan City,Changling North Road,Guanshanhu District,Guiyang,Chen Dongyang,Zhang Jin 2017.10.26-2018.12.31 Tunghs

33、u Optoelectronic Technology Co.,Ltd.2017 Annual Report 9 Guizhou.VI.Summary of Accounting Data and Financial Indicators Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.Yes No Reasons for retrospective restatements:Business merger under the same con

34、trol.2017 2016 Changed over last year（）2015 Before adjustment After adjustment After adjustment Before adjustment After adjustment Operating Gross income（Yuan）17,336,364,158.13 6,901,321,122.65 7,632,049,549.25 127.15%4,650,208,448.10 4,927,624,975.64 Net profit attributable to the shareholders of t

35、he listed company（Yuan）1,743,666,827.25 1,239,928,899.40 1,303,685,863.90 33.75%1,326,233,674.37 1,245,417,797.94 Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（Yuan）1,539,583,478.72 953,819,209.18 961,311,896.59 60.15%822,699,390.70 734,157,

36、856.81 Cash flow generated by business operation,net（Yuan）1,265,773,428.34 1,390,048,492.32 748,957,164.24 69.00%1,780,128,962.94 2,009,859,853.55 Basic earning per share(Yuan/Share)0.33 0.29 0.28 17.86%0.48 0.31 Diluted gains per share(Yuan/Share)(Yuan/Share)0.33 0.29 0.28 17.86%0.48 0.31 Net asset

37、 earning ratio（%）7.09%7.28%7.55%-0.46%14.99%13.48%End of 2017 End of 2016 Changed over last year（）End of 2015 Before adjustment After adjustment After adjustment Before adjustment After adjustment Gross assets（Yuan）67,683,329,226.91 46,826,319,570.41 50,287,380,415.68 34.59%28,798,623,253.33 31,923,

38、601,760.52 Net assets attributable to shareholders of the listed company（Yuan）30,922,796,455.46 22,216,300,365.86 23,286,206,822.68 32.79%14,319,481,941.28 14,525,631,433.60 Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 10 VII.The differences between domestic and international account

39、ing standards 1 Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed in the financial reports of differences in net income and net assets.Applicable Not applicable Nil 2.Differences of net profit and net assets disclosed in financial reports p

40、repared under overseas and Chinese accounting standards.Applicable Not applicable Nil VIII.Main Financial Index by Quarters In RMB First quarter Second quarter Third quarter Fourth quarter Operating income 2,258,246,760.26 2,673,890,819.09 3,447,509,517.00 8,956,717,061.78 Net profit attributable to

41、 the shareholders of the listed company 387,022,905.51 265,439,462.24 426,091,959.40 665,112,500.10 Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company 352,582,887.68 222,570,280.19 409,366,560.51 555,063,750.34 Net Cash flow generated by business

42、 operation-631,749,226.89-489,775,177.76 1,839,587,401.52 547,710,431.47 Whether significant variances exist between the above financial index or the index with its sum and the financial index of the quarterly report as well as semi-annual report index disclosed by the Company.Yes No IX.Items and am

43、ount of non-current gains and losses Applicable Not applicable In RMB Items Amount(2017)Amount(2016)Amount(2015)Notes Non-current asset disposal gain/loss(including the write-off part for which assets impairment provision is made)-69,697.52 19,167.58-42,342.96 Govemment subsidies recognized in curre

44、nt 101,686,984.15 356,943,995.55 514,763,264.28 Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 11 gain and loss(excluding those closely related to the Companys business and granted under the states policies)Income from the exceeding part between investment cost of the Company paid for

45、obtaining subsidiaries,associates and joint-ventures and recognizable net assets fair value attributable to the Company when acquiring the investment 1,804,209.86 18,763,137.14 Gain/loss on entrusting others with investment or asset management 59,041,599.98 0.00 0.00 Net gain and loss of the subsidi

46、ary under the common control and produced from enterprise consolidation from the beginning of the period to the consolidation date 79,090,446.84 56,264,277.09 92,429,002.55 Single impairment test for impairment of receivables transferred back to preparation 0.00 14,009,355.59 Income from custodian c

47、harge obtained from entrusted operation 8,973,818.33 8,022,209.26 4,500,000.00 Other non-operating income and expenditure beside for the above items-29,905.76-9,601,776.32 2,588,776.63 Less:Influenced amount of income tax 22,693,220.73 52,541,535.96 82,348,493.83 Amount of influence of minority inte

48、rests（After tax）21,916,676.76 18,536,579.75 53,402,758.27 Total 204,083,348.53 342,373,967.31 511,259,941.13-For the Companys non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on information disclosure for Companies Offering their Securities to the Public-Non-recurring Ga

49、ins and Losses and its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as recurring gains and losses,it is necessary to explain the

50、 reason.Applicable Not applicable None of Non-recurring gain/loss items recorgnized as recurring gain/loss/items as defined by the information disclosure explanatory Announcement No.1-Non recurring gain/loss in the report period.Tunghsu Optoelectronic Technology Co.,Ltd.2017 Annual Report 12 III.Out