Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
Stock code ：000413,200413 Abbreviation：Dongxu Optoelectronic, Dongxu B Announcement No.：2017-025
Summary of 2016 Annual Report of Dongxu Optoelectronic Technology Co., Ltd.
I. Important Notice
This annual report summary is taken form the full text of the Annual Report. Investors are advised to read
carefully the full text of the Annual Report published on the media designated by China Securities Regulatory
Commission in order to fully understand the company’s operation results, financial position and future
Non-standard auditor’s opinion
□ Applicable √ Not applicable
Plans for profit distribution on ordinary shares or conversion of capital reserves into share capital proposed to the
Board during the reporting period.
√ Applicable □Not applicable
Whether provident fund reserve for share capital
□ Yes √ No
The profit distribution proposal reviewed and approved by the boarding meeting was summarized as follows: The
total share of 4,939,928,983 of December 31, 2016 are the base of Company‘s total share capital., the Company
would distribute cash dividend to all the shareholders at the rate of CNY 0.70 for every 10 shares (with tax
inclusive) ，0 bonus shares（including tax） and no reserve would be converted into share capital.
Plans for profit distribution on preference shares for the reporting period approved by the Board
□ Applicable √ Not applicable
II. Basic information about the company
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
No.5 Court, No.23 A Fuxing Road, Haidian No.5 Court, No.23 A Fuxing Road, Haidian
Office Address
District, Beijing District, Beijing
Fax 010-68297016 010-68297016
Tel 010-68297016 010-68297016
E-mail gongxin_dx@126.com wangqingfei@dong-xu.com
2.Major operations or products during the reporting period
The company has successfully completed the transformation and upgrading from the traditional CRT industry to
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Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
the panel display industry since the recombination in 2011, the company main business covers production of the
optoelectronic display materials including TFT-LCD, sapphire, color filter and polaroid, etc., sales of high-end
equipment with provision of corresponding technical services. As well as undertaking the building installation
project and other business. Apart from the main business, the company arranged the strategic newly-developing
materials field related to graphene positively and realized the breakthrough in the single-layer graphene and
graphene lithium ion cell business.
I. High-end equipment and technical service business
Through the independent research and development and technology accumulation for many years, the company
broke through the techniques blockade of foreign manufacturers firstly, developed the whole-set processing
equipment and manufacture technology for the flat panel display glass substrate with the proprietary intellectual
property rights and became the fifth liquid crystal glass substrate manufacturer globally as well as the enterprise
with the electronic glass manufacturing processes for overflow down-draw process and float glass process. The
effective breakthrough in the electronic-grade glass manufacture equipment field provides the solid foundation for
the company high-end equipment business entry into the extension market. The company high-end equipment and
the technology service business adopt mainly the customized production and service methods, which will be
settled based on the production line works progress note and the mainly products include Stocker automatic
control system, polishing automatic line host synthesis equipment and automatic grinding cleaning equipment, etc.
Recently, the state has been continuously increasing the policy support on the intelligent manufacturing
equipment industry and has issued in succession the "12th five-year plan" Development Program for the High-End
Equipment Manufacturing Industry, "12th five-year plan" Development Program for the Intelligent Manufacturing
Equipment Industry, "12th five-year plan" Special Program for Intelligent Manufacturing Scientific and
Technological Development and Made in China 2025, etc., which provide the huge market space for the
equipment manufacturing industry. As China is on the way transforming from the big manufacturing country to
the powerful manufacturing country, the intelligent manufacturing equipment industry will usher in an era with
rapid-development opportunities and broad market space under the joint action of the domestic equipment
replacement of imported goods, the industrial production replacement of the human work, etc.
II. Display materials business including LC glass substrate and others
The LD glass substrate is the core raw material of the upstream LC display panel and one panel comprises two
glass substrates commonly accounting for 15%-20% of the overall panel production cost or so, which is
characterized with high technical barrier, high monopolization and high profit space, etc. Based on the
breakthrough in the LC glass substrate set manufacturing equipment field, the company breaks the international
monopoly firstly and achieves the domestication of the LC glass substrate. At present, the company possesses 20
LC glass substrate production lines (including under-construction and proposed projects) covering G5, G6 and
G8.5 production lines and ranks firstly on the volume production capacity stably. To strive for the territory
advantages and reduce the transport cost, the company adopts the factory building strategy matching nearby with
the panel clients as well as the point-to-point sales strategy and at present the clients extend all over the
mainstream panel factories in Chinese Mainland and Taiwan such as BOE, CATIC, Tianma, IVO, CPT, and
Innolux Corporation, etc.
The company, apart from strengthening the LC glass substrate main business, started to enrich the industrial
structure in 2015 gradually, focused on the horizontal expansion in the optoelectronic display core materials field
and arranged the sapphire materials, CF and polaroid, etc. in succession with continuous improvement of the
industrial distribution frontier, safety and profitability. The sapphire crystal is used extensively in LED substrate
materials, consumer electronics, optical elements and other fields; at present the main products of the company are
2-inch and 4-inch substrate products; CF and polaroid projects are during investment and construction and will
give full play to the co-movement effects after construction together with the company glass substrate business
and increase the ratio of display materials domestication.
As a series of polices at home has been supporting TFT-LCD industry since 2006, the LC panel industry has risen
and developed successively from Japan, South Korea, Taiwan and the Chinese Mainland has become the second
LCD panel industry base following Korea. Up to now, there is a batch of LCD panel manufacturers with the large
scale and international competition including BOE, Huaxing Optoelectronic , CATIC, IVO and Tianma, etc., and
the domestication for the upstream raw materials production will usher in an era with historic opportunities
combining the continuous release of the panel capacity at home.
III. Building installation business
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Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
As the company traditional business, the building installation business played an important role in assisting the
company production base building and maintenance, etc. and decreased effectively each engineering construction
cost of the company. At the same time, as the supplement to the main business, the building installation business
has brought about a certain incomes and profits for the company in recent years along with the continuous
development of the industrialization and urbanization at home. Such business of the company mainly takes the
subsidiary Sichuan Ruiyi Constructional Engineering Co., Ltd. as the operation subject, which possesses the
qualification of the architectural engineering construction general contracting Class I and municipal public works
construction general contracting Class I, etc. and mainly conducts the housing building, civil engineering, public
facilities building, other works lump sum and professional construction.
The building installation industry is an important pillar industry for the national economy and also the important
guarantee for the new-type urbanization executed by the state. The new-type urbanization is the largest
domestic-demand potential and also the important driving force for the economic development, which will bring
about the broader market space for the company building installation business through the covered underground
comprehensive pipe rack transformation, sponge city building and shantytown transformation, etc.
3.Major accounting data and financial indicators
（1）Major accounting data and financial indicators for the last three years
Retrospective adjustment to or restatement of the accounting data for prior years by the Company due to change
of accounting policies and correction of accounting errors
□ Yes √ No
In RMB
Changed over last year
2016 2015 2014
（％）
Operating Gross income（RMB） 6,901,321,122.65 4,650,208,448.10 48.41% 1,600,750,745.69
Net profit attributable to the
shareholders of the listed company 1,239,928,899.40 1,326,233,674.37 -6.51% 468,902,701.44
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable
to the shareholders of listed 953,819,209.18 822,699,390.70 15.94% 78,312,630.78
company（RMB）
Cash flow generated by business
1,390,048,492.32 1,780,128,962.94 -21.91% -1,017,554,188.65
operation, net（RMB）
Basic earning per
0.29 0.48 -39.58% 0.17
share(RMB/Share)
Diluted gains per
0.29 0.48 -39.58% 0.17
share(RMB/Share)(RMB/Share)
Net asset earning ratio（%） 7.28% 14.99% -7.71% 6.11%
End of Changed over last year
End of 2016 End of 2014
2015 （％）
Gross assets（RMB） 46,826,319,570.41 28,798,623,253.33 62.60% 18,488,221,665.49
Net assets attributable to
shareholders of the listed company 22,216,300,365.86 14,319,481,941.28 55.15% 7,677,125,274.36
（RMB）
（2）Main Financial Index by Quarters
In RMB
First quarter Second quarter Third quarter Fourth quarter
Operating income 1,581,690,834.17 1,300,368,320.24 1,379,624,393.30 2,639,637,574.94
Net profit attributable to the
347,750,532.74 198,213,177.98 255,873,197.91 438,091,990.77
shareholders of the listed company
Net profit after deducting of 269,369,501.10 190,525,152.03 158,346,261.62 335,578,294.43
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Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
non-recurring gain/loss attributable
to the shareholders of listed
company
Net Cash flow generated by
-934,819,444.05 2,215,928,386.99 348,241,152.18 -239,301,602.80
business operation
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
4.Share capital and shareholders
（1）Number of holders of ordinary shares and preference shares with restored voting right and Top 10
shareholders
In shares
Total number of 361,573 Total shareholders at the Total
common The total number of
（其中 A 股 344,054（其中 preferred shareholders at
shareholders at 343931 户； end of the month from the A 股 332924 户； preferred shareholde 0 the end of the month from 0
the end of the rs voting rights resto
B 股 17642 date of disclosing the annual B 股 17568 户） the date of disclosing the
户）
red at period-end
reporting period report annual report
Shareholdings of Top 10 shareholders
Shareholders Proportion Number or share
Nature of Amount of restricted
of shares Number of shares pledged/frozen
shareholder held at period -end
held（%） shares held State of share Amount
Domestic Non
Dongxu Group -State-owned 11.32% 558,968,800 439,882,697 Pledge 558,962,697
legal person
Shijiazhuang Baoshi Domestic Non
Electronic Group Co., -State-owned 6.73% 332,382,171 0 Pledge 182,376,500
Ltd. legal person
China Fund
Management Co., Ltd.
－Huaxia Bank－TTCO
Trust Co., Ltd.－TTCO Other 4.51% 222,575,516 222,575,516
Trust Co., Ltd.－
Shunjing No.5 Single
capital trust
Minsheng Royal Fund
Management Co.,
Ltd.-Ping An Bank-Ping
Other 3.71% 183,284,457 0
An Trust-Ping An
Wealth* Huitai No.163
Single Fund Trust
Bosera Capital-Ping An
Bank- Ping An
Trust-Ping An Wealth* Other 3.03% 149,609,426 0
Huitai No.164 Single
Fund Trust
Sws Mu Fund
Management Co.,Ltd.－
China Merchants Bank
－Huarun Shen State
Other 2.25% 111,287,758 111,287,758
investment trust－
Ruihua increase funds
No. 2 Collective capital
trust plan
Penghua Fund－Ningbo
Other 2.25% 111,287,758 111,287,758
Bank－Daye Trust－
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Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
Daye TrustDongxu
Optoelectronic increase
funds II Single fund
trust
STAS Asset
Management－Ningbo
Bank－Minsheng Trust
－China Minsheng Other 2.25% 111,287,758 111,287,758
TrustZhixin No.208
Dongxu Optoelectronic
increase collective fund
trust plan
Shenzhen Taianer Domestic Non
Information Technology -State-owned 2.24% 110,492,845 110,492,845 Pledge 32,000,000
Co., Ltd. legal person
Domestic Non
Qianhai Equity
-State-owned 2.24% 110,492,845 110,492,845 Pledge 110,492,845
Investment Fund (LP)
legal person
Nuoan Fund-Industrial
Securities-Nanjing
Other 2.24% 110,492,845 110,492,845
Shuangan Assets
Management Co., Ltd.
Among the top ten shareholders , Dongxu Group and Baoshi Group have relationship
and constitute persons taking concerted action. The company does not know whether
Explanation on shareholders participating
there is relationship between other 9 shareholders or whether they are persons taking
in the margin trading business
concerted action defined in Administrative Measures Relating to Acquisitions of Listed
Companies.
Gu Bin and Xie Xiantuan, the first 10 ordinary shareholders with shares without
restricted condition, separately held 29,597,500 and 15,688,700 of the Company’s
Explanation on shareholders participating
shares by means of the securities accounts with customer credit guarantee of Orient
in the margin trading business(if any )
Securities and Huatai Securities, which separately occupy 0.60% and 0.32% of the
Company’s total shares.
(2)Total preference shareholders and the shares held by the Top 10 Preference shareholders
□ Applicable √ Not applicable
Nil
(3)Block diagram of the ownership and control relations between the Company and the actual controller
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Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
5. Corporation bonds
（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 Dongxu
15 Dongxu bonds 112243 May 19,2020 100,000 6.00%
Optoelectronic Technology Co., Ltd
Information about interest paid and bonds
The period needed paying interest or repayment of principal is not mature.
honored during the reporting period
（2）Information about the rating of the corporate bonds
On April 1, 2016, United Ratings Co., Ltd. issued trace rating report LHPZ [2016] No.243 based on the
company’s 2015 Annual Report. This rating result is long-term credit rating AA+ and its outlook is "Steady".
Based on requirement of trace rating by United Ratings Co., Ltd., in 2 months after the company reported 2016
Annual Report, United Ratings made another regular trace rating on the company in 2016. During the duration of
this bond issue, did irregular trace rating based on real condition.
（3）The key accounting data and financial indicators of the latest two years to the end of the reporting
period
In RMB’0000
Items 2016 2015 At the same time rate of cange
Debt ratio 50.73% 49.44% 1.29%
EBITDA All the debt ratio 11.03% 16.41% -5.38%
interest coverage ratio 3.79 5.69 -33.39%
III. Discussion and Analysis of the Management
1. Business Operation summary in the reporting period
The Company requires investors to read the full text of this annual report carefully and take note of the following
risk factors.
Whether the company needs to comply with the disclosure requirements of the particular industry
No
The year 2016 was the crucial year for implementation of Dongxu Optoelectronic strategies centering on mainly
several main lines of building advanced-line substrate production line, deepening existed products market layout
and promoting the horizontal expansion in the new-material field vigorously, when each production operation
activity were prompted stably. Under the leading of the company Board of Directors and the management layer as
well as the unremitting endeavor of all staff, the company leading position as the LC glass substrate was
strengthened and the optoelectronic display materials and graphene business were laid out smoothly with forming
the good industrial collaboration and cluster effects. Within the report period, the company achieved the operation
revenue of 6.901 billion yuan with comparing by 48.41% compared with that in 2015 and the net profits of 1.24
billion yuan belonging to the parent company .
Each business of the company was developed in details in 2016 as follows:
1）Strengthen the leading position of LC glass substrate and fill up the black of G8.5 domestication
Under the influence of the tightened supply of LCD panel caused by South Korean production line switching to
OLED, the price of the small and medium size LCD panels in 2016 kept increasing, drove the strong demands of
the LC glass substrate market and stabilization of the price and gross margin. Until the end of the report period,
the company G5 and G6 LC glass substrate production lines with number of 7 and 6 all had realized volume
production with above 80% average comprehensive yield and realization of 1.213 billion yuan for the total sales
incomes of the whole year (increase by 23.82% compared with that in 2015) and 428 million yuan for the gross
profit. The company took part actively in the industrial exhibitions home and abroad, promoted persistently and
strengthened the cognition and reputation of the company brands. At present, the company substrate products
have already covered the mainstream panel manufacturers in Chinese Mainland and Taiwan including BOE,
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Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
Shenchao Optoelectronic, Innolux Corporation, IVO, Tianma and AU Optoelectronic, etc. with continuous
promotion of the industrial safety and reliability.
In August 2016, the company collected 6.95 billion yuan capital for the non-public offer shares and such amount
was used for investment and building G8.5 LC glass substrate production line and BOE production line nearby
was selected to build the factory, which would fill in the domestication black effectively of the large-size glass
substrate after reaching the design capacity. Until the end of the report period, The factories and ancillary clean
rooms for partial production lines of the project are completed; and the ancillary electromechanical and power
equipment are being installed. Otherwise, to copy with the display technology upgrading in the future, the
company intensified the research and development, completed smoothly the overall performance parameters test
and overall-performance optimization integration for the LTPS (low-temperature polycrystalline silicon) glass
substrate material and built the communication channel with clients of Everdisplay Optronics and CSOT, etc. In
the future, the company will transform G5 and G6 production lines properly based on the downstream market
demands.
2）Give play to the substrate production technology spillover effects and the high-end equipment business
develops continuously
At present, as the only enterprise grasping both the overflow melting method and float glass substrate production
process at home, the company, based on the advanced set-type equipment technology of independent research and
development, realizes the design, production, manufacturing, installation and technology services for the LC glass
substrate and high-alumina cover-plate glass production lines equipment in set and all production lines are in
stable operation with stable promotion of the yield. The strong R&D, production and integration capacities for the
electronic-grade glass manufacture equipment in set bring about the obvious spillover effects for the high-end
equipment business of the company. In 2004, the company entered into the strategic cooperation agreements with
BOE and Infovision Optoelectronics (Kunshan) Co., Ltd. for expanding the panel production line equipment
business with the downstream panel manufacturers.
As the company breaks through the foreign blockade at the aspect of the independent research and development
and settles the solid foundation based on the breakthrough of the front-end equipment with the highest technical
content among the electronic equipment, the company high-end equipment and technical service business
develops continuously, exploit and store a large batch of large-size group clients in the intelligent application field
under the background of the industrial manufacturing equipment replacement of the manual work and satisfaction
of the high-efficient production. Within the report period, the company high-end equipment and technical service
business realized the revenue of 3.887 billion yuan with the gross profit declining to 38.17% reasonably due to the
original whole-set customized equipment transformation into partial generalized equipment.
3）Arrange the optoelectronic display core raw materials and the industrial cluster effects appear
To realize the strategic target of the "the largest optoelectronic display materials manufacturer in China" and keep
up with the global display technology and innovation trend, the company, on the basis of strengthening and
improving LC glass substrate main business continuously, expand the new business field continuously combining
the main business and has already laid out the sapphire, CF and polaroid high-end display materials.
Within the period, the company sapphire business was expanded partially with smooth market expansion,
achieved the operation revenue of 550 million yuan with increasing by 95.21% compared that in 2015 and
possessed the stable clients including Xuzhou GAPSS, North Microelectronics and Sino Nitride Semiconductor.
The present products cover the large-size sapphire crystal ingot, 2-6 inches sapphire crystal bar, 2-6 inches
sapphire substrate ,optical window materials and Mobile phone panel and lens cover ,etc. The company G5
TFT-LCD using CF production line project is under construction and will improve efficiently the additional value
of the existed G5 LC glass substrate products after reaching the design capacity, which will also become another
new profit increase point for the company.
Otherwise, to seize quickly the polaroid demands of the large-size LC panel enterprises at home, fill up efficiently
the black for the original polaroid volume production, in February 2016, the company cooperated with Sumitomo
Chemical as one enterprise of the global Top 3 polaroid manufacturer in the polaroid industry hand in hand. In
October 2016, the joint-venture Xuyou Electronic Material Technology (Wuxi) Co., Ltd. was registered and
established officially with Tunghsu photoelectricity holding 51% and the wholly-owned subsidiary thereof
Fuzhou Xuyou Electronic Material Technology Co., Ltd. was registered in December. Such project will invest and
build 2 wide polaroid production lines, among which, the front-end preparation work for 1 line at present is
completed and the front and back sections for one original volume production line are located in Wuxi and
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Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
Fuzhou respectively. The workshop transform in Wuxi has already been completed and relevant production
equipment will enter into the site with installation commission.
4）The endogenous and extended two-wheel drive and the graphene business completes multiple-point layout
Since 2014, the company conducted the industrial layout (graphene industry) through adoption of the
"endogenous and extended" two-wheel drive. The company has conducted the cooperation and exchange with
multiple scientific research institutions in succession including Beijing Institute of Technology, Shanghai Jiaotong
University, China Graphene Alliance and the Catalan Institute of Nanoscience and Nanotechnology, etc.,
constructed the overall industry-university-research technical innovation system and settled the strong technical
strength for the rapid development of the company graphene business. Within the report period, the company built
the graphene industry development funds in the scale of 100 and 200 million yuan respectively with Taizhou New
Energy Industrial Park Management Committee and Jingyang People’s Government in Deyang city, which will
speed up the company layout of the graphene industry.
In March 2016, the company completed the acquisition of Shanghai Tanyuan Huigu through the capital increment,
which is the graphene preparation and application enterprise owning the single-layer graphene preparation
technology, graphene lithium ion materials and cell preparation technology, issued the first "graphene lithium ion
cell product"in July, which can realize the short-time rapid charging and discharging and may be applied in the
various power battery fields including the new-energy automobile and unmanned aerial vehicles. Otherwise, the
company plans to invest 1.65 billion yuan in Taizhou to build the graphene lithium ion cell product project and
such project had already obtained the land and completed the filing by the end of the report period with the
continuous promoting of relevant environmental, safety and profession assessment.
5）Correspond to the new-type urbanization building trend and maintain the stability of the building installation
business
As the company traditional business, the building installation business gives an important play to the aspect of the
company production lines building assistance and external works contracting, decreases effectively the company
operation cost and improves the production lines building efficiency. Simultaneously, conforming to the policy
background of the new-type urbanization at present, as the industrialization and urbanization develop
continuously, the company building installation business maintains the stable performance increase through
applying its own advantages. The company building installation business was completed mainly by Sichuan Ruiyi
achieved the total operation revenue of 1.18 billion yuan and 40 million yuan for profits within the report period.
2. Material change in principal activities during the reporting period
□ Yes √No
3. Products accounting for over 10% of revenue or profit from principal activities of the Company
□ Applicable √ Not applicable
4. Seasonal or cyclical operations requiring special attention
□ Yes √No
5. Material difference of revenue, operating costs or net profit attributable to holders of ordinary shares of
the Company for the reporting period from the last reporting period
□ Applicable √ Not applicable
6. Suspension in trading or delisting
□ Applicable √ Not applicable
7. Events relating to the financial report
(1) Reason for changes in accounting policies, accounting estimates and accounting methods as compared
to the financial report for the prior year
□ Applicable √ Not applicable
Nil
(2) Reason for retrospective restatement to correct major accounting errors during the reporting period
□ Applicable √ Not applicable
8
Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
Nil
(3) Reason for changes in scope of the consolidated financial statements as compared to the financial report
for the prior year
√ Applicable □Not applicable
1.Enterprise consolidation not under the same control
①Enterprise consolidation not under the same control in reporting period
In RMB’0000
Income of Net Profit of
Time-poi Ratio of
Obtained Method of Acquire from Acquire from the
Name of nt of Obtained Purchasi Determination Basis
Cost of Obtained the Purchasing Purchasing Date
Acquirer Obtained Equity ng Date on the Purchasing Date
Equity Equity Date to the End to the End of the
Equity (100%)
of the Period Period
Shanghai March 7,345.45 50.50 Purchase March Pay consideration and
Tanyuan Huigu 2016 and 31,2016 complete industrial
New Material add share and commercial 123.27 546.22
Technology Co., change registration
Ltd.
Shenzhen Decembe 2,310.00 70.00 Purchass Decemb Pay consideration and
Xinyingtong r 2016 er complete industrial
2,405.86 44.42
Technology Co., 21,2016 and commercial
Ltd. change registration
Note: Shenzhen Xinyingtong Technology Co., Ltd. has the wholly-owned subsidiary Shenzhen Xingxinda
Technology Co., Ltd.
②Due to new subsidiaries set up in the current period
On March 17, 2016, Beijing Dongxu Huaqing Investment Co., Ltd as a general partner, Dongxu Optoelectronic
Technology Co.,Ltd as a limited partner and Taizhou Golden Sun Energy Co., Ltd as a limited partner together set
up Taizhou Dongxu Graphene Industry Investment Fund Management Center(Limited partnership). Such limited
partnership company was incorporated in May 4, 2016, and the total amount of capital contribution agreed in the
agreement was RMB 100million, but as of December 31,2016, the actual received amount of capital contribution
was RMB 100 million. For the capital contribution, Taizhou Golden Sun Energy Co., Ltd subscribed the amount
of capital contribution of RMB 75 million, Dongxu Optoelectronic Technology Co.,Ltd subscribed the amount of
capital contribution of RMB 25 million.
On March 8, 2016, Wuhu Dongxu Optoelectronic Technology Co.,Ltd set up subsidiary Fuzhou Dongxu
Investment Development Co., Ltd which the registered capital was RMB 10 million. On December 28, 2016,
State Development Funds Co., Ltd. contributed 500 million yuan with shareholding ratio of 49.5%, Wuhu Dongxu
Optoelectronic Technology Co., Ltd. paid in the registered capital of 500 million yuan with the shareholding ratio
of 50.5% and the total registered capital increase for the company was 1010 million yuan with the paid-in capital
of 500 million yuan by the end of the current period.
On March 31, 2016, Dongxu Optoelectronic Technology Co.,Ltd set up Shenzhen Xuhui Investment Holdings
Co.,Ltd, of which the registered capital was RMB 100 million and the paid-in capital was RMB 20 million.
On June 24, 2016, Fuzhou Dongxu Optoelectronic Technology Co.,Ltd and Dongxu Optoelectronic Technology
Co.,Ltd together set up a new company of Fuzhou Xufu Optoelectronic Technology Co.,Ltd, of which the
registered capital is RMB 65.40 million, among which, Fuzhou Dongxu Optoelectronic Technology Co.,Ltd shall
contribute RMB 54.50 million, Dongxu Optoelectronic Technology Co.,Ltd shall contribute RMB 10.90 million,
and the paid-in capital was RMB 65.40 million.
On July 19, 2016, Shanghai Tanyuan Huigu New Materials Technology Co., Ltd. Set up the wholly-owned
9
Dongxu Optoelectronic Technology Co., Ltd. Summary of 2016 Annual Report
subsidiary Taizhou Tanyuan Huigu New Energy Technology Co., Ltd with the registered capital of 150 million
yuan and paid-in capital of 9.9 million yuan; Taizhou Tanyuan Huigu New Materials Technology Co., Ltd. was
changed into Taizhou Xiwang New Energy Technology Co., Ltd. on September 6, 2016.
On July 27, 2016, Wuhu Dongxu Optoelectronic Equipment Technology Co., Ltd. invested and set up the
wholly-owned subsidiary Xiamen Xuqi Investment Management Co., Ltd. with the registered capital of 10 million
yuan and paid-in capital of 2.5 million yuan.
On October 17,2016, Sichuan Ruiyi Construction engineering Co., Ltd.invested and set up the wholly-owned
subsidiary Sichuan Dongxu Ruiyi Environment Engineering Co., Ltd.with the registered capital of 10 million
yuan and paid-in capital of 0.00 yuan.
On October 17,2016, Sichuan Ruiyi Construction engineering Co., Ltd.invested and set up the wholly-owned
subsidiary Sichuan Dongxu Ruiyi Survey & Disign Co., Ltd. with the registered capital of 10 million yuan and
paid-in capital of 0.00 yuan.
On October 18,2016, Sichuan Ruiyi Construction engineering Co., Ltd.invested and set up the wholly-owned
subsidiary Sichuan Dongxu Ruiyi Trade Co., Ltd. with the registered capital of 10 million yuan and paid-in capital
of 0.00 yuan.
On October 18,2016, Sichuan Ruiyi Construction engineering Co., Ltd.invested and set up the wholly-owned
subsidiary Sichuan Dongxu Ruiyi Enterprise Management Co., Ltd. with the registered capital of 10 million yuan
and paid-in capital of 0.00 yuan.
On October 19, 2016, Dongxu Optoelectronic Technology Co., Ltd. set the subsidiary Xuyou Electronic Material
Technology (Wuxi) Co., Ltd. together with Sumitomo Chemical, Dongwoo Fine-chem Co., Ltd. and TOMI
International Co., Ltd. with the registered capital of 18.15 billion Yen and paid-in capital of 12.1 billion Yen
(converted into 748.6546 million yuan based on the current rate upon registration), of which, the holding ratio is
51%, 17%, 30% and 2% respectively for Dongxu Optoelectronic Technology Co., Ltd., Sumitomo Chemical,
Dongwoo Fine-chem Co., Ltd. and TOMI International Co., Ltd. As specified by the articles of association, the
registered capital will be input by stage based on the company building and operation demands, among which, the
first period contributed capital will be 35% of the contribution amount paid once within 30 days after the company
registration and establishment and the remaining amount will be paid off within one year after the joint-venture
company.
On December 2,2016, Xuyou Electronic Material Technology (Wuxi) Co., Ltd.invested and set up the
wholly-owned subsidiary Fuzhou Xuyou Electronic Material Technology Co., Ltd. with the registered capital of
150 million yuan and paid-in capital of 5 million yuan.
On December 8, 2016, Sichuan Ruiyi Constructional Engineering Co., Ltd. and Sichuan Prosperity Building
Engineering Co., Ltd. set jointly Sichuan Dongxu Prosperity Building Development Co., Ltd. with the registered
capital of 30 million yuan and paid-in capital of 0 yuan, among which, Sichuan Ruiyi Constructional Engineering
Co., Ltd. and Sichuan Prosperity Building Engineering Co., Ltd. paid in 21 million yuan 9 million yuan
respectively.
Dongxu Optoelectronic Technology Co., Ltd.
Chairman: Li Zhaoting
Issue day approved by the Board of Directors：March 27,2017
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