Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
Dongxu Optoelectronic Technology Co., Ltd.
The Semi-annual Report 2016
August 2016
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
I. Important Notice, Table of Contents and Definitions
The Board of Directors ,Supervisory Committee, all directors, 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.
All the directors attended the board meeting for reviewing the semi-annual Report.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
Mr.Li Zhaoting, The Company leader, Mr. Zhou Bo, 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 semi-annual report.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
Table of Contents
2016 Semi-Annual Report
I.Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Highlights and Business Highlights
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII. Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
Definition
Terms to be defined Refers to Definition
Company Law Refers to Company Law of the People’s Republic of China
Securities Law Refers to Securities Law of the People’s Republic of China
CSRC Refers to China Securities Regulatory Commission
SZSE Refers to Shenzhen Stock Exchange
Dongxu Group Refers to Dong Xu Group Co., Ltd.
Baoshi Group Refers to Shijiazhuang Baoshi Electronics Group Co., Ltd
Dongxu Optoelectronic , Company, The
Refers to Dongxu Optoelectronic Technology Co., Ltd.
Company
Zhengzhou Xufei Refers to Zhengzhou Xufei Optoelectronic Technology Co., Ltd.
Dongxu(Yingkou)Optoelectronic Refers to Dongxu(Yingkou)Optoelectronic Display Co., Ltd.
Sichuan Xuhong Optoelectronic Refers to Sichuan Xuhong Optoelectronic Technology Co., Ltd.
Shijiazhuang Xuxin Refers to Shijiazhuang Xuxin Optoelectronic Technology Co., Ltd.
Wuhu Dongxu Optoelectronic Technology Co., Ltd., was the
Wuhu Optoelectronic Refers to implementation unit of the non-public item to raise money for and invest
in of “The Project of Production Line for Panel Display Plate” in 2013
Wuhu Equipment Refers to Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd.
Shijiazhuang Equipment Refers to Shijiazhuang Dongxu Optoelectronic Equipment Technology Co., Ltd.
Dongxu(Kunshan)Display material Co., Ltd., In 2015, was the
Dongxu (Kunshan ) Refers to 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”.
Shanghai Tanyuan Huigu Refers to Shanghai Tanyuan Huigu New Material Technology Co., Ltd.
Beijing Xutan Refers to Beijing Xutan New Material Technology Co., Ltd.
Shenzhen Xuhui Refers to Shenzhen Xuhui Investment Holdings Co., Ltd.
Beijing Dongxu Huaqing Refers to Beijing Dongxu Huaqing Investment Co., Ltd.
Fuzhou Dongxu Optoelectronic Technology Co., Ltd.,In 2016, was the
implementation unit of the non-public item to raise money for and invest
Fuzhou Dongxu Refers to
in “Project of Production Line for the 8.5th-generation Glass glass
substrate for TFT-LCD”.
BOE Refers to BOE Technology Group Co., Ltd.
IVO Refers to Infovision Optoelectronics Co., Ltd.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
CPT Refers to Chunchwa Picture Tubes Co., Ltd.
CRT Refers to Cathode Ray Tube
TFT-LCD Refers to Thin Film Transistor Liquid Crystal Display
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
Glass substrate Refers to materials in panel display industry. The 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 is 1500 mm×1850 mm.
G8.5glass substrate Refers to The size of the 8.5th-generation glass substrate is 2200mm×2500mm
CF Refers to Critical original materials of LCD panel for realizing colorization display
A two-dimensional carbon material composed of carbon atoms closely
Polaroid Refers to and cyclically packed by benzene ring structures (ie, hexagonal
honeycomb structures)
A two-dimensional carbon material composed of carbon atoms closely
Single-layer grapheme Refers to and cyclically packed by benzene ring structures (ie, hexagonal
honeycomb structures)
Refers to two-dimensional carbon materials related to grapheme, with a
Grapheme materials Refers to
layer less than 10 carbon atoms
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
II. Basic Information of the Company
1. Company Information
Stock abbreviation Dongxu Optoelectronic, Dongxu B Stock code: 000413、200413
Stock abbreviation after
Dongxu Optoelectronic, Dongxu B
change (if any)
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) Dongxu Optoelectronic Technology Co., Ltd.
English abbreviation (If any) Dongxu Optoelectronic
Legal Representative Li Zhaoting
2. Contact person and contact manner
Board secretary Securities affairs Representative
Name Gong Xin Wang Qingfei
No.5 Court, No.23 A Fuxing Road, No.5 Court, No.23 A Fuxing Road,
Contact address
Haidian District, Beijing Haidian District, Beijing
Tel 010-68297016 010-68297016
Fax 010-68297016 010-68297016
E-mail gongxin_dx@126.com baoshixzb@126.com
3. Other
(1). Way of contact
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable √ Not applicable
Registrations address, offices address and codes as well as website and email of the Company has no change in
reporting period, found nore details in annual report 2015.
(2). Information inquiry
Whether information disclosure and preparation place changed in reporting period or not
□ Applicable √ Not applicable
None of the official presses, website, and place of enquiry has been changed in the semi report period. For details
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
please find the Annual Report 2015.
(3). Change of business registration
Whether the registration has changed during the report period
Applicable
√ Applicable □Not applicable
Business license Tax registration Organization
Registration date Registration place
No. No. Code
Shijiazhuang
Registration at the beginning Administration for 911301001043959
January 7,2016 130111104395983 10439598-3
industry &
of the period
Commerce
Shijiazhuang
Registration at the end of the Administration for 911301001043959
April 28,2016 130111104395983 10439598-3
industry &
period
Commerce
The date of the announcement
of the designated website for
February 17,2016
the interim announcement(If
any)
Internet website designated by
CSRC for the interim
http://www.cninfo.com.cn
announcement of the
Company(If any)
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
III. Summary of Accounting data and Financial index
1.Major accounting data and /Financial indexs
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to
change of the accounting policy and correction of accounting errors.
□ Yes √ No
Increase/decrease over the
Reporting period Same period of last year
same period of last year(%)
Operating income(RMB) 2,882,059,154.41 1,524,242,723.90 89.08%
Net profit attributable to the shareholders
545,963,710.72 400,081,730.63 36.46%
of the listed company(RMB)
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 459,894,653.13 182,980,317.37 151.34%
listed company(RMB)
Cash flow generated by business operation,
1,281,108,942.94 54,777,798.87 2,238.74%
net(RMB)
Basic earning per share(RMB/Share) 0.14 0.15 -6.67%
Diluted gains per
0.14 0.15 -6.67%
share(RMB/Share)(RMB/Share)
Weighted average income/asset ratio(%) 3.79% 5.14% -1.35%
As at the end of the Changed (%)over end of
As at the end of last year
reporting period prev. year
Gross assets(RMB) 33,483,031,894.59 28,798,623,253.33 16.27%
Shareholders’ equity attributable to
14,568,550,417.60 14,319,481,941.28 1.74%
shareholders of the listed company(RMB)
II.The differences between domestic and international accounting standards
1. Differences between the net profit and net asset in the financial reports prepared under IAS and Chinese
Accounting Standard
Not applicable
2. Differences between the net profit and net asset in the financial reports prepared under IAS and Chinese
Accounting Standard
Not applicable
III.Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
Items Amount Notes
Fixed assets disposal of profits
Gains/Losses on the disposal of non-current assets -4,430.74
and losses
Government grants recognized in the current period, except
forthose acquired in the ordinary course of business or granted at
103,218,866.64 Government grants
certain quotas or amounts according to the country’s unified
standards
Gain/loss on loans obtained by entrusting others 1,500,000.00 Entrusted income
Other non-operating income and expenditure beside for the above
282,354.44
items
Less: Influenced amount of income tax 14,800,733.73
Amount of influence of minority interests 4,126,999.02
Total 86,069,057.59 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains 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 reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recorgnized as recurring gain /loss/itesm as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
Dongxu Optoelectronic Technology Co., Ltd. The Semi-annual Report 2016
IV. Report of the Board of Directors
I. General
2016 is an important year for the implementation of Dongxu Optoelectronic strategy, the Company in the
first half of 2016 mainly focuses on the construction of advanced generation substrate production lines, deepens
the market layout of the existing products, and vigorously promotes the lateral extension of the new material filed
and steadily promotes its production and business activities. In the first half of 2016, led by the Board of Directors
and the management, as well as with the tireless efforts of all staff, the Company’s leading position in the liquid
crystal glass substrate filed has been reinforced, with the smooth layout of the optoelectronic display materials and
graphene business, forming good industrial collaboration and clustering effects. During the reporting period, the
Company achieves an operating income of RMB 2.882 billion, an increase of 89.08 percent over the same period
in 2015 of RMB 1.524 billion; the net profit attributable to the parent Company of RMB 546 million, an increase
of 36.46 percent over the same period in 2015 of RMB 400 million.
The Company’s business in the first half of 2016 focuses on the following five aspects:
(1). Strengthen its leading position in the liquid crystal glass substrate, and fill in the localization
vacancy of generation 8.5
As of the reporting period, the Company has respectively ignited six G6 and seven G5 liquid crystal glass
substrate production lines, and five production lines of each are mass production. In the first half, the liquid
crystal glass substrate market is stabilized and good, the Company achieving sales income of RMB 537 million,
an increase of 22.25 percent, compared with the same period in 2015. With the pre-construction and the
accumulation of the operating experience, the yields of the Company’s G5 and G6 liquid crystal glass substrate
production lines continue to rise, up to over 90%. In the first quarter of 2016, Taiwan earthquake affected some
panel makers’ process, but because the Company has comprehensively covered the of mainstream customers in
mainland China and Taiwan, and it has higher industrial safety and stability, the earthquake didn’t affect the sales
of the glass substrates, and the market in Taiwan went back to normal in the second quarter. In addition, in
response to the upgrade pressure from the future display technology, the Company’s LTPS (low temperature
poly-silicon) glass substrate product development achieves substantive results.
Through years of technical reserves as well as ongoing research and development, drawing on the valuable
experience in the successful operation of G5 and G6 liquid crystal glass substrate production lines, the Company
has mastered the core production technology of generation 8.5 TFT-LCD glass substrates. To grasp the industry
opportunities of the localization of liquid crystal glass substrates, closely follow the industry trend of the panel
display products towards large-size and advanced generation, maintain its leading position in the dom