TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
Stock code ：000413,200413 Abbreviation：Dongxu Optoelectronic, Dongxu B Announcement No.：2018-120
TunghsuOptoelectronic Technology Co., Ltd.
The Summary of 2018 Semi-annual Report
August 2018
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TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
I. Important Notice
The summary is abstract from full-text of annual report, for more details information , investors
should found in the full-text of annual report that published on website of Shenzhen Stock
Exchange and other website appointed by CSRC.
Non-standard audit opinion tips
□ Applicable √ Not applicable
The board discussed reporting period ordinary shares profit distribution plan or provident fund to
share capital plan
□ Applicable √ Not applicable
The board approved this reporting period preferred shares profit distribution plan
□ Applicable √ Not applicable
II. Company Information
1.Company Profile
Dongxu Optoelectronic,
Stock abbreviation Stock code 000413、200413
Dongxu B
Stock exchange for listing Shenzhen Stock Exchange
Contact person and contact manner Board secretary Securities affairs Representative
Name Gong Xin Wang Qingfei
Lin 5 Yard,No.23 A Fuxing Road, Haidian Lin 5 Yard,No.23 A Fuxing Road, Haidian
Add
District, Beijing ,China. District, Beijing ,China.
Tel 010-68297016 010-68297016
Fax 010-68297016 010-68297016
E-mail gongxin_dx@126.com wangqingfei@dong-xu.com
2.Main financial data and financial Index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting
data.
√Yes□No
Reasons for retrospective restatements:
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TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
Business merger under the same control.
Same period of last year YoY+/-（%）
Reporting period
Before adjustment After adjustment After adjustment
Operating Gross income（Yuan） 11,129,851,790.88 4,641,285,527.91 4,876,438,604.10 128.24%
Net profit attributable to the shareholders
858,296,089.08 635,855,750.37 637,480,381.47 34.64%
of the listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders 811,345,478.77 559,990,548.41 564,088,026.98 43.83%
of listed company（Yuan）
Cash flow generated by business
83,617,287.66 -1,414,361,686.97 -1,364,949,813.78 106.13%
operation, net（Yuan）
Basic earning per share(Yuan/Share) 0.15 0.13 0.13 15.38%
Diluted gains per
0.15 0.13 0.13 15.38%
share(Yuan/Share)(Yuan/Share)
Net asset earning ratio（%） 2.74% 2.84% 2.73% 0.01%
As at the end of the As at the end of last year YoY+/-（%）
reporting period Before adjustment After adjustment After adjustment
Gross assets（RMB） 66,693,831,497.63 67,683,329,226.91 68,610,779,546.18 -2.79%
Shareholders’ equity attributable to
31,213,233,914.18 30,922,796,455.46 30,949,718,542.41 0.85%
shareholders of the listed company（RMB）
3.Shareholders and shareholding
In Shares
Total number of common
shareholders at the end of the 358,541（Including 341,239 shareholders holding A shares and 17,302 shareholders holding B shares）
reporting period
Particulars about shares held above 5% by shareholders or top ten shareholders
Proportion of Number of Amount of Number of share
Nature of
Shareholders shares held shares held at restricted shares pledged/frozen
shareholder
（%） period -end held State of share Amount
Domestic Non
Tunghsu Group -State-owned legal 15.97% 915,064,091 791,889,488 Pledge 799,643,042
person
Domestic Non
Shijiazhuang Baoshi Electronic
-State-owned legal 5.80% 332,382,171 Pledge 153,520,000
Group Co., Ltd.
person
Shanghai Huimao Enterprise Domestic Non 4.58% 262,626,262 262,626,262 Pledge 80,240,722
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TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
Management Co., Ltd. -State-owned legal
person
China Fund Management Co., Ltd.
－Huaxia Bank－TTCO Trust Co.,
Other 2.54% 145,759,116
Ltd.－TTCO Trust Co., Ltd.－
Shunjing No.5 Single capital trust
Minsheng Royal Fund Management
Co., Ltd－-Ping An Bank-Daye Other 1.70% 97,192,224 97,192,224
TrustZengli 2 single Fund Trust
Tunghsu Optoelectronic Technology
Other 1.27% 72,639,296 72,639,296
Co., Ltd.－The first ESOP
BeixinRuifeng Fund－China
Merchants Bank－Daye Trust－
Other 1.08% 62,095,032 62,095,032
Daye TrustProfit increase 3 single
fund plan
Domestic Non
Shenzhen Taianer Information
-State-owned legal 1.07% 61,165,682 Pledge 55,265,682
Technology Co., Ltd.
person
Wanhe Securities－China
Merchants Bank－Wanhe Securities
Other 0.96% 55,246,500
and No.1 Collective asset
management plan
Nuoan Fund-Industrial
Securities-Nanjing Shuangan Assets Other 0.96% 55,246,487
Management Co., Ltd.
Among the top ten shareholders ,Tunghsu Group and Baoshi Group have
relationship and constitute persons taking concerted action. The company
Explanation on shareholders participating in the margin
does not know whether there is relationship between other 8 shareholders or
trading business
whether they are persons taking concerted action defined in Administrative
Measures Relating to Acquisitions of Listed Companies.
Notes to the shareholders involved in financing
Not applicable
securities (if any)
4. Change of the controlling shareholder or the actual controller
Change of the controlling shareholder in the reporting period
□ Applicable √ Not Applicable
There was no any change of the controlling shareholder of the Company in the reporting period.
Change of the actual controller in the reporting period
□ Applicable √ Not applicable
There was no any change of the actual controller of the Company in the reporting period.
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TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
5. Statement of preffered shares held by top 10 shareholders
□ Applicable √ Not applicable
Report period has no preffered shares statement
6.Corporate Bond
Whether the company has corporate bonds that have been publicly issued and listed on the stock
exchange, and not yet due or due but not folly cashed on the approval date of annual report
Yes
(1). Basic information of the corporate bonds
Abbreviated Bond Bond
Bond Name Code Date Due Interest Rate
Name Balance(RMB’0000)
2015- corporate bond of Tunghsu
15Tunghsu bonds 112243 May 19,2020 95,604.27 6.80%
Optoelectronic Technology Co., Ltd
(2).Financial indicators to the end of the reporting period
Ten thousand
Items As at the end of the reporting period As at the end of last year YoY+/-（%）he same period
Debt ratio 52.04% 53.11% -1.07%
Reporting period The same period of last year At the same time rate of change
EBITDA interest
3.44 2.85 20.70%
coverage ratio
III. .Operation situation discussion and analysis
Ⅰ.Main Business the Company is Engaged in During the Report Period
Whether the company needs to comply with the disclosure requirements of the particular industry
No
In 2018, Tunghsu will forge ahead. Under leadership of the company Board of Directors and
management layer and unremitting efforts of all staff, the Company, centering on established
strategic layout of the company in the first half year, optimizes the industrial structure positively,
deepens the existing product market pattern and promotes strongly development of core business
including new materials, high-end equipment manufacturing and new energy automobile, etc. to
make each item of business increase stably and rapidly. During the reporting period, the Company
achieves an operating income of RMB 11.13 billion , an increase of 128.24% over the same period
in 2017; the net profit attributable to the parent Company of RMB 811 million, an increase of
43.83% over the same period in 2017.
The company's each business development status in the first half of 2018:
1. Product upgrade and high-generation glass substrate production line performance
contribution level improvement
As the panel and glass substrate large size and high generation have become an industrial
trend in recent years, the Company has liquid glass substrate products covering G5, G6 and G8.5
and is capable of providing each-type high-quality glass substrate product for down-stream clients.
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TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
Within the report period, its two G8.5 glass substrate production lines in Fuzhou were in good
condition and received good production and sales achievements, which make its high-generation
glass substrate product market share increased and glass substrate product structure optimized. As
the high-generation glass substrate placement and investment projects develop continuously in the
future and the company's technical accumulation in glass substrates for OLED display,the Company will
have an improved core competitive force in such glass substrate field.
2. Curved cover glass layout and rapid formation of effective capacity
Within the report period, the Company implemented “curved display cover glass production
project” based on Xuhong Optoelectronic and already formed the annual capacity of [5 million]
pieces and supplied the same in batch to clients. The curved cover glass, with flexible, thin,
transparent and clean, anti-fingerprint, anti-dazzle and good weather-resistance, etc. characteristics
is applicable to the flexible display area as a strong measure adopted by the Company to follow
OLED flexile display screen trend. At the same time, after the high aluminum cover
glasssubstrateSheet Production Line of Xuhong Optoelectronic was included into the Company’s
new material industrial system officially in October 2017, such product has set all-time new highs
repeatedly through vigorous expansion of end clients and production process and sale type
structure optimization and becomes an effective growth point for the Company’s new material
business.
3.With synergistic development, continue to advance the optical film, color filter,
sapphire business
During the reporting period, Tengda Optical Film Business and Jiangsu Jixing Sapphire
Business achieved rapid growth, and the supporting supply of Tenda Optics and Jiangsu Jixing
Optoelectronic Display Materials had well enhanced the major customers’ adhesiveness of the
Company. In December 2017, the Company completed the first 5th generation color filter
production line for TFT-LCD. During the reporting period, the Company actively promoted the
work including the debugging of color filter production lines, customer developmentand sample
certification. Currently, the Company has obtained orders from customers such as Longteng
Optoelectronics. The Color filters has realized the bulk supply, which is conducive to increase the
added value of products of the existing G5 liquid crystal glass substrates.
4. Obtaining big orders and new progress realization in grapheme material industrial
application
Within the report period, Tunghsu Carbon, MS Technology and Tan Yuan Graphene,
subsidiaries of the Company, concluded GrapheneApplication Product Strategic Partnership
Agreement on expansion and sale of graphene electric heating products, graphene street lamp
products and graphene anticorrosive paint, etc. with 15 downstream grapheme application
enterprises, whose price reaches 610 million yuan. The grapheme material industrial application is
getting better in the initial development period and will become an important supplement to its
new material business system. In addition, the “lithium-ion secondary battery”(TanYuanG18650)
project of Tan Yuan Graphene was deemed as “a high-tech outcome transformation project in
Shanghai” by Shanghai High-tech Outcome Transformation Project Certification Office based on
the macro-batch production technology of high-quality and low-cost grapheme and was included
into the 1st Shanghai High-tech outcome transformation project in 2018.
5. High-end equipment business stable and continuous development
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TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
In recent years, under the background of domestic industrial manufacturing adopting
equipment replacing labor for satisfying the intelligent and efficient production, the Company's
high-end equipment business has steadily expanded and well developed, gradually supplying
optoelectronic display materials and equipment, semiconductor equipment and other
general-purpose equipment to domestic high-end customers. During the reporting period, the
Company closely focused on the investment boom of domestic panel production linesand
semiconductor production lines, continued to sign equipment business orders with BOE, CSOT,
Visionox and other group customers in the intelligent application field, and actively explored the
high-end equipment market in the semiconductor field. With the acceleration of investment in the
domestic semiconductor production line, the semiconductor equipment business has a broad market
space. The Company will strive to expand and develop the high-end equipment market in the
semiconductor field, and make the high-end equipment business become another rapid growth
point, thus providing new driving force for the steady development of the Company's high-end
equipment business.
6. Business upgrade and intelligent robot platform company acquisition
The intelligent manufacturing is the development direction of the Company high-end
equipment business industry upgrade. Within the report period, the Company realized its high-end
equipment manufacturing business expansion into the intelligent platform robot field through
acquisition of Shenzhen Sanbao Innovation Intelligence Co., Ltd. Next, it will combine its strong
manufacturing industrialization basis, integrate advanced intelligent manufacturing technology,
optimize its existing complete-set intelligent scene application capacity, improve its competition
in high-end equipment business field, improve its whole business synergy and realize its high-end
equipment business industrial upgrade.
7. Expansion into a new city: new energy automobile industry basis location in Jiangsu
Within the report period, to seize sufficiently development opportunities of national new
energy automobile industry and speed up the industrial layout in new energy automobile field, the
Company, based on its technical advantages in new energy automobile and local and investment
environmental advantages of Suqian People’s Government, concluded the New Energy
Automobile Project Investment Cooperation Agreement with such government on construction of
the production basis project with annual capacity of 5,000 new-energy passenger cars and 50,000
new-energy logistics cars through investment of 3 billion yuan in Suqian city. Then, the Company
completes the industrial layout of new energy automobile industrial base in East, South, West,
North China and will become a new-energy automobile manufacturer of important influence
across country after such bases construction and putting into operation.
8. Step-by-step consolidation and synergic development of construction and installation
business and electrommunication business
Within the report period, in terms of construction and installation business, the Company
obtained a series of engineering business orders in fields of underground comprehensive pipeline
corridor, municipal infrastructure, sponge city and smart city, etc. based on strong comprehensive
strength and various flexible business modes, which contribute to the Company’s operation
revenue and net profit increase correspondingly; the electrommunication business as a supplement
to its main business kept fast increase continuously and played a positive role to increase its
industrial synergy and expand its business scale.
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TunghsuOptoelectronic Technology Co., Ltd. The Semi-annual Report 2018
2.related to fianance report item
(1)The explain about accounting policies, accounting evaluation and accounting checking
methods compared the last accounting year
□ Applicable √ Not applicable
The report period has no change about accounting policies, accounting evaluation and accounting
checking methods.
(2). The explain about having main accounting mistake and need retrospective restatement
in report period
□ Applicable √ Not applicable
(3).The explain about the change of combined statements range compared the last
accounting year
□ Applicable √ Not applicable
1.Notthe same controlled company merge
(1) Not the same controlled company merge in this year
See note eight for details.
TunghsuOptoelectronic Technology Co., Ltd.
Chairman: Wang Lipeng
Issue day approved by the Board of Directors：August 30, 2018
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