Anhui Coreach Technology Co.Ltd(002983) : revenue of 820 million yuan will be realized in 2021, and it is proposed to allocate 2 yuan for 10 years

Anhui Coreach Technology Co.Ltd(002983) ( Anhui Coreach Technology Co.Ltd(002983) ) released the annual report of 2021 on April 19. In 2021, the company's main product backlight module photoelectric system delivered 1167712 million units, a year-on-year increase of 34.45%; The total operating income was 8209202 million yuan, a year-on-year increase of 46.65%; The net profit attributable to the owners of the parent company was 826753 million yuan, a year-on-year decrease of 5.39%; The net profit attributable to shareholders of the parent company after deducting non recurring was 574322 million yuan, a year-on-year decrease of 11.46%. The company plans to distribute a cash dividend of 2.00 yuan (including tax) to all shareholders for every 10 shares.

The company released the first quarterly report of 2022 on the same day. During the reporting period, the company achieved an operating revenue of 213 million yuan, a year-on-year increase of 40.15%; The net profit attributable to the shareholders of the listed company was 288151 million yuan, a year-on-year increase of 45.63%.

The annual report shows that during the reporting period, the company gave full play to the advantages of early layout of miniled display technology and being selected into major science and technology projects in Anhui Province, focused on industry trends and industry opportunities, comprehensively accelerated the promotion of multi field and multi-dimensional cooperation projects of miniled display technology during the reporting period, and increased the allocation and improvement of miniled production capacity on the basis of mass production. In 2021, the company applied for 9 invention patents and 24 utility models. Among them, 19 items entered the actual trial or passed the authorization.

During the reporting period, the company continued to provide customers with product solutions with technical advantages, performance advantages and growth advantages, led the trends of ultra light and thin display industry, high color gamut, high dynamic contrast and healthy eye care, promoted the development and innovation of display technology, and continued to create technical highlights and market growth points for customers. It has focused on strengthening the technical and product exchanges with global first-line brand manufacturers, laying a solid foundation for continuously consolidating and strengthening the market position. Continue to increase the development of the company's products in pad, notebook, MNT, on-board display, smart street lamp, smart classroom, plant lighting and other fields.

During the reporting period, the company organized and implemented the purchase, installation and commissioning of nano ultra precision machining equipment for optical applications, studied the internationally imported mirror spark machining process under microstructure, and realized the guarantee of imported PLC motor to the production quality and stability of injection molding machine.

In 2022, the company will continue to increase R & D investment in miniled, microled and small spacing led direct display products, and the mass production projects have formed a larger sales scale. The company has always paid attention to and attached importance to the research and application of mini display technology, and has undertaken major special research and development of the subject by provincial and municipal governments. At present, the mini technical scheme has the capacity of mass production. In 2022, the company will increase R & D investment and coordination and linkage with customers, promote the commercial mass production of end products as soon as possible, and seize the commanding heights of technology and market. The 570nm and above light wave products under development by the company can pass through the tissues, arteries and veins in the skin, contribute to its fatigue or functional recovery and promote human health; Combined with the sensor, it can irradiate the light source into the human skin tissue, and then convert the received optical signal into electrical signal through the photoelectric receiving tube at the receiving end, so as to realize the heart rate measurement module that can be applied to intelligent wearable devices. At the same time, the company will continue to focus on the global market according to the established global development strategy, take Samsung Electronics and LG as potential customers, further improve its strength in technology research and development, product design and quality control, and actively promote the introduction of global customers. At the same time, the company will continue to strengthen friendly and stable cooperation with Xiaomi and other Internet ecosphere and smart screen customers, and further promote the scope and level of cooperation with new forces and new customers in the fields of educational display, medical industrial control, security and on-board display, including Hitevision Co.Ltd(002955) .

Anhui Coreach Technology Co.Ltd(002983) said that the company will always adhere to the business philosophy of "market-oriented and technology guaranteed", deeply cultivate the new display industry, seize the market with high-tech, high-quality and high-performance products and services, continue to improve its core competitiveness in the new display market, continue to accelerate technology R & D and product innovation, strengthen market development and customer development, further expand the business scale of the enterprise and enhance its market position. In line with the industrial development trend, the company continues to develop in the direction of improving the added value of products such as high luminous efficiency, high color gamut, high dynamic contrast, ultra light and thin, flexible display and health eye care, takes the unique enterprise development path of high-quality products, innovation normalization, product diversification and service specialization, continuously improves the profit level of products, and builds Anhui Coreach Technology Co.Ltd(002983) brand into a top brand in the industry.

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