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联得装备:2019年年度报告2020-04-21  

						2019




 2019

                  2020-029




       2020       04




              1
              2019




                                               (

)




                                     144,087,472

    10                   1       0

         10          0




                             2
                                        2019




\l - _Toc300000084                                                     ....................................................................................2

                                                  ......................................................................................................... 5

                             .............................................................................................................................. 9

                                         ............................................................................................................... 13

                     .....................................................................................................................................32

                                         ............................................................................................................... 56

                                 ........................................................................................................................63

                                                  .......................................................................................................64

                                                                            ..............................................................................66

                     .....................................................................................................................................72

                                         ............................................................................................................... 72

                         ................................................................................................................................ 79

                                 ......................................................................................................................173




                                                                        3
       2019




              2019       1   1    -12   31




              Liquid Crystal Display
LCD



              Organic Light-Emitting Diode    OLED

OLED
                                             OLED




                     4
         2019




                                                                        300545




Shenzhen Liande Automatic Equipment Co.,Ltd.


Liande




                                                    A   3     1-4

518109

                                                    A   3     1-4

518109

http://www.liande-china.com

irm@szliande.com




                         A      3       1-4                         A     3      1-4

                0755-33687809                           0755-33687809

                0755-33687809                           0755-33687809

                irm@szliande.com                        irm@szliande.com




                         http://www.cninfo.com.cn

                                                                           A     3     1-4




                                    5
    2019




                       1                       1504




               318                                      2016    9       28
               24                                       2019    12      31




       2019                    2018                                    2017

      688,637,361.01        663,591,726.90             3.77%          466,279,150.69


       80,865,296.21           85,270,352.13           -5.17%          56,522,457.94


       75,370,946.11           77,211,844.18           -2.38%          45,669,499.73



       67,855,785.16       -106,315,045.38            163.83%          49,532,142.55


/               0.56                    0.60           -6.67%                   0.40

/               0.56                    0.60           -6.67%                   0.40

              12.88%                  15.54%           -2.66%                 11.63%


      2019                  2018                                      2017


    1,457,124,843.23       1,162,707,777.73           25.32%         1,040,473,772.16


      721,066,299.55        592,102,679.43            21.78%          510,158,281.01




                           6
    2019




      182,161,204.69             161,588,113.98      148,191,701.49   196,696,340.85

       16,147,420.93              26,818,690.39       13,554,850.97    24,344,333.92


       14,382,883.24              26,577,066.59       12,896,811.86    21,514,184.42


       61,055,573.29               1,192,459.74       35,239,045.57   -29,631,293.44




1




2




           2019                    2018              2017


                -40,537.95             -401,108.33          -184.21



             5,330,761.84             6,438,349.14    10,649,188.32



                                      1,499,844.91     2,590,669.42


               678,370.08             1,912,923.60      -142,075.64


               548,288.50

             1,022,532.37             1,391,501.37     2,244,639.68

             5,494,350.10             8,058,507.95    10,852,958.21      --

                       1     ——
       1   ——




                             7
2019




           1   ——




       8
         2019




                                TFT-LCD    OLED




        68,863.74       3.77%   8,703.98
4.85%




                    9
                               2019




                                                              TFT-LCD             OLED




                                                 2015                             TFT-LCD            AMOLED
                         TFT-LCD


                                            OLED                                                ,OLED
                                   OLED                            AMOLED
OLED                                            AMOLED                    OLED                  AMOLED
                                            AMOLED                                              VR
                        IHS Markit                            AMOLED                     2020        3.357
AMOLED   3.159               AMOLED                  AMOLED                 52%




                 LG   OLED                                                                           OLED
                                      OLED                                OLED
                                                          OLED
                                 VR                                       OLED
                                          UDC                                                        80%


                                                                                                              OLED
          OLED                                                         module                        2019




                                                         10
                           2019


                                    module




1




                                             98.53%       2

                                             586.20%

                                             149.44%

                                             58.69%

                                             53.06%


2




          LCD        LCD                                            5G




                                             2019 12 31   6691.55   9.72%
            17.35%
    426                    39.78%




                                              11
2019




       12
                          2019




                                                                   TV
                                                               TFT-LCD     OLED


                                                       2019


        TV




                          68,863.74                   3.77%                  8,086.53
5.17%




                                                                         43.8720




                           6691.55                     9.72%                       17.35%


                                            TV




             [2019]2654          2019 12   25                 20,000




                                                 13
                    2019




1




2

    1




                   2019                                  2018



        688,637,361.01           100%         663,591,726.90      100%     3.77%




        688,637,361.01         100.00%        663,591,726.90    100.00%    3.77%




        661,211,720.33         96.02%         638,603,870.14    96.23%     3.54%

         16,460,673.59          2.39%           9,208,435.09     1.39%    78.76%

          2,576,721.70          0.37%           2,869,821.12     0.43%    -10.21%

          8,388,245.39          1.22%          12,909,600.55     1.95%    -35.02%



        200,577,153.28         29.13%         110,401,827.09    16.64%    81.68%

        182,798,477.55         26.54%         272,804,952.23     41.11%   -32.99%

         81,445,570.36          11.83%         37,617,366.29     5.67%    116.51%

        109,282,257.12         15.87%         177,863,609.42    26.80%    -38.56%

        107,768,645.01         15.65%          59,632,904.38     8.99%    80.72%

          6,765,257.69          0.98%           3,696,067.49     0.56%    83.04%

                                                1,575,000.00     0.24%


    2                    10%




                                         14
                                     2019




                 688,637,361.01      451,930,788.52    34.37%             3.77%            3.56%     0.13%



                 661,211,720.33      436,453,789.61    33.99%             3.54%            4.15%     -0.38%



                 200,577,153.28      154,222,480.19    23.11%            81.68%           87.12%     -2.24%

                 109,282,257.12       79,535,681.65    27.22%           -38.56%           -26.37%   -12.05%

                 182,798,477.55      108,172,422.37    40.82%           -32.99%           -38.20%    4.98%

                     81,445,570.36    52,328,259.11    35.75%          116.51%            116.44%    0.02%

                 107,768,645.01       54,764,064.58    49.18%            80.72%           27.86%    21.01%

                                                            1




  3



                                                            2019                   2018

                                                                      930                  775      20.00%

                                                                      882                  840       5.00%

                                                                      298                  346      -13.87%

                        30%




  4



         2019   12
101,688,700


  5




                                                2019                         2018




                                     363,558,784.41    80.45%   342,821,531.72            78.56%     1.89%

                                      46,415,278.08    10.27%      45,341,957.10          10.39%     -0.12%



                                                       15
    2019


     14,118,815.29     3.12%    24,185,175.63    5.54%           -2.42%

     27,837,910.74     6.16%    24,038,063.35    5.51%            0.65%



               2019                       2018




    351,364,324.08    80.50%   328,528,112.03    78.38%           2.12%

     44,863,169.94    10.28%    43,991,524.78    10.50%          -0.22%

     13,276,233.72     3.04%    23,270,195.03    5.55%           -2.51%

     26,950,061.87     6.17%    23,335,634.08    5.57%            0.60%

      6,022,196.63    75.86%     3,168,719.82    76.03%          -0.17%

       840,140.52     10.58%      414,175.24     9.94%            0.64%

       558,334.78      7.03%      369,521.57     8.87%           -1.84%

       518,104.64      6.53%      215,234.20     5.16%            1.37%

      1,169,291.48    81.07%     1,288,730.75    76.74%           4.33%

       134,305.40      9.31%      184,744.79     11.00%          -1.69%

         57,212.72     3.97%      113,792.70     6.78%           -2.81%

         81,517.75     5.65%       92,126.40     5.49%            0.16%

      5,002,972.22    82.07%     9,835,969.11    86.17%          -4.10%

       577,662.22      9.48%      751,512.29     6.58%            2.90%

       227,034.07      3.72%      431,666.33     3.78%           -0.06%

       288,226.48      4.73%      395,068.67     3.46%            1.27%


6




7




8



                                                          562,118,353.17

                                                                 81.63%




                      16
                           2019



                                                                              0.00%


        5



    1       1                                       212,345,182.01           30.84%

    2       2                                       135,380,473.08           19.66%

    3       3                                       110,497,334.00           16.05%

    4       4                                        82,587,932.92           11.99%

    5       5                                        21,307,431.16            3.09%

                    --                              562,118,353.17           81.63%




                                                                       85,149,670.54

                                                                             20.91%


                                                                              0.00%


        5



    1           1                                    19,166,737.36            4.71%

    2           2                                    18,043,936.27            4.43%

    3           3                                    16,741,583.70            4.11%

    4           4                                    16,342,913.14            4.01%

    5           5                                    14,854,500.07            3.65%

                     --                              85,149,670.54           20.91%




3



                    2019            2018

                    37,611,607.93   42,112,446.36            -10.69%

                    38,004,895.32   37,119,668.22              2.38%

                    12,522,445.24   11,923,559.33              5.02%

                    66,915,547.01   57,023,862.53            17.35%



                                            17
                                 2019


4



                                                             6691.55                             9.72%



    1   IR             ACF                      IR                ACF


                                                                                           AOI
    2   3-8   AMOLED     3D                            3-8    AMOLED                             AMOLED
                                           3D


    3


    4         3-8   AMOLED-COF                  3-8    AMOLED-COF                                AMOLED


    5           15.6                                     15.6


    6


    7


    8


    9          COW                                      COW




                                        2019                            2018                        2017

                                                       306                          295                           281

                                                 29.31%                          27.80%                        29.96%

                                           66,915,547.01                   57,023,862.53                 41,625,728.18

                                                     9.72%                        8.59%                         8.93%

                                                      0.00                          0.00                          0.00


                                                     0.00%                        0.00%                         0.00%



                                                     0.00%                        0.00%                         0.00%




                                                             18
           2019




5



                  2019                      2018

                    750,734,747.34            716,149,994.66       4.83%

                    682,878,962.18            822,465,040.04     -16.97%


                     67,855,785.16            -106,315,045.38    163.83%


                           31,800.00          161,751,644.91     -99.98%

                     37,320,671.92            451,784,664.36     -91.74%


                     -37,288,871.92           -290,033,019.45     87.14%


                    605,292,565.91            396,785,491.12      52.55%

                    441,597,848.62            408,648,672.28       8.06%


                    163,694,717.29             -11,863,181.16   1,479.86%


                    194,300,170.67            -408,873,535.06    147.52%




1                 163.83%
2                 87.14%
3                 1479.88%




1

    2019




                                       19
                   2019


           2019                     2018




    405,463,078.            204,231,697.
                   27.83%                        17.57%   10.26%
             97                       37

    295,622,546.            253,099,237.
                   20.29%                        21.77%   -1.48%
             46                       57

    382,403,750.            351,496,191.
                   26.24%                        30.23%   -3.99%
             68                       69

    11,882,922.5            12,373,702.5
                    0.82%                        1.06%    -0.24%
              7                        2

    17,795,947.9            17,896,374.9
                    1.22%                        1.54%    -0.32%
              4                        3

    94,814,693.6            61,945,727.6
                    6.51%                        5.33%    1.18%
              8                        8

    303,503,128.            295,040,565.
                   20.83%                        25.38%   -4.55%
             51                       42

    6,252,631.31    0.43%     911,195.47         0.08%    0.35%

    6,303,157.68    0.43%   2,526,943.38         0.22%    0.21%

                            19,723,635.0
    8,147,491.55    0.56%                        1.70%    -1.14%
                                       7

    166,557,290.             111,554,206.
                   11.43%                        9.59%    1.84%
             74                       08


2




3



                            45,299,760.49

                            60,427,977.90

                            105,727,738.39




1




                                            20
                         2019




              45,221,972.11                           239,601,197.98                            -81.13%


2




                                                                                         2019
               3,522
                        40.00                                             -3,172,          04
                ,823.                                              0.00
                              %                                           747.27           29
                  60
                                                                                                 2019-
                                                                                                 030




                                                                                         2019
               11,00
                        100.0                                                              08
               0,000                                               0.00     0.00
                          0%                                                               15
                  .00
                                                                                                 2019-
                                                                                                 058


               14,52
                                                                          -3,172,
    --   --    2,823     --       --   --        --        --      0.00             --     --      --
                                                                          747.27
                  .60


3




                                            21
                                   2019


                                              30,699       92,634
                                                                              40.45
                                              ,148.5       ,876.1                          0.00    0.00
                                                                                     %
                                                   1           9

                                              30,699       92,634
                --        --         --       ,148.5       ,876.1       --      --         0.00    0.00       --        --   --
                                                   1           9


4




5




     1




                     20,440.1
    2016                           188.38     14,815.2              0    2,657.96        13.00%   5,624.94
                               4




    2019              19,000              0            0            0          0         0.00%     19,000




                     39,440.1                                                                     24,624.9
           --                      188.38     14,815.2              0    2,657.96        6.74%                     --             0
                               4                                                                          4



                                                               22
                                               2019




                                                                    [2016]1888
                                                                                   [2016]662
                           300545                                                        17,830,000                      13.50
                                 240,705,000                                     36,303,577.28
1,417,112.43                                                204,401,422.72
                                  2016     9          23                                       [2016]48220006     2019    12     31
                                                  148,152,038.04
                                                      62,105,292.87                                     1            4,335,945.20
     2                                                              1,519,962.99




                   2019 2654                                                                 20,000
                    6                                      20,000                                           742
                        19,258
          258                                                                         19,000
                                         192,580,000.00                                      2,580,000.00


 2




               (                                                                      (3)
                                          (1)
                                                                      (2)          (2)/(1)
                   )




                                                                                             2020
                                                                                                 04
                         9,018.54      9,018.54            0    5,337.87         59.19%
                                                                                                 30




                                                                            23
                           2019




80




           2,657.96         0         0          0      0.00%




AOI
                                                                 2020
                                                                   04
                 0    2,657.96        0    1,429.97    53.80%
                                                                   30



                                                                 2021
                                                                   04
           1,923.64   1,923.64        0    1,814.34    94.32%
                                                                   30



                                                                 2020
                                                                   04
               840        840     188.38    233.02     27.74%
                                                                   30




             6,000      6,000         0      6,000     100.00%




                                                                 2022
                                                                   01
            19,000     19,000         0          0      0.00%
                                                                   31




           39,440.1   39,440.1
      --                          188.38   14,815.2      --        --   0   0   --   --
                 4          4




                                                  24
                                  2019


            39,440.1       39,440.1
  --                                      188.38   14,815.2          --        --        0         0     --      --
                   4               4




                                  80                                                         4,588.26
       3,676.38                           911.88                              2,657.96
                                                                                                        80




 “AOI                                                        2018        3   14
2018       3      30                   2017




2018       3      14
           2018        3     30                        2017                                                  1
                                                                                                  80
                                                              “AOI
       2                                                             “AOI


       3




                                                          25
                              2019


2018    3      14
        2018        3    30          2017                 1
                                                     80
                                     “AOI
 2                                           “AOI


 3




       2019    12       31




                                        26
                                       2019




               2018        4     19




                                     2020       4       30                                                 2021       4      30        “AOI
                                      2020          4    30




3




                                                                          (3)=(2)/(1
                               (1)                            (2)             )


               80

AOI                                                                                     2020
                           2,657.96                 0      1,429.97         53.80%      04        30              0




              --           2,657.96                 0      1,429.97           --             --                   0          --           --

                                                                                   80
                                                4,588.26                                3,676.38                          911.88
                                                        2,657.96
                                                                                                                                  80

      (            )

                                                                                                                  “AOI
                                                                                                             2017
                                            ,            2018         3      14          2018          3    30



          (            )




                                                                      27
                                     2019




1




2




                                            AMOLED                                             LCD
                                                    AMOLED                      AMOLED                                    AMOLED


                                                           CINNO Research        2019           AMOLED
       2019        AMOLED                          4.6                    3.6% 2019       AMOLED
    3.8%                87    2019      AMOLED                     5600                 133.5%                       12
      AMOLED                            AMOLED                                                        SDC 85.2%              4.0%
       3.5%     LG Display 2.7%                     2.7%             2.0%                       AMOLED        2020
                                            2019                   AMOLED                                    86.7%
              Mate X                    Razr                 OPPO 5G                                 Intel
              Mate Xs
                                                   LCD                 OLED


                                                                                      AMOLED
                                            LG                                OLED                                   OLED
                         OLED




                                                                                              OLED
           UDC 2019          OLED            254            2023                        503            2019-2023               19%



                                                                28
                                     2019


          OLEDTV                            OLED
           2019         LG                                                                          OLED
OLED                          OLED
                         CRT LCD                                                                  OLED
                             OLED




                         module




  AOI
                  AOI
                                                                    AOI
AOI


                                                    OLED industry                   16
                                                   300                                     2019




                                                          95%




        OLED                                                                             OLED            2019~2021
        460 606 485      OLED                                                                            2019~2021
                        69    91     73                       35%         24   32    26
                                                                                                               3D
           OLED


          2020




                                                         29
                            2019




                     2020




                                                        ,




1




                                        2019   3   4
    2019   03   04


                                        2019   3   8
    2019   03   08


                                        2019   3   13
    2019   03   13




                                   30
                 2019


                             2019   3    28
2019   03   28


                             2019   5    16
2019   05   16


                             2019   11    7
2019   11   07




                        31
                                         2019




                  2019        27                              2018                     2018
12     31                  144,118,272               10
            14,411,827.2                 2018         2019   21      2018
2019         12      2018




 10                                                                                     0

 10                                                                                     1

 10                                                                                     0

                                                                              144,087,472

                                                                            14,408,747.20

                                                                                      0.00



                                                                            14,408,747.20

                                                                            311,911,429.18


                                                                                 100.00%




                                                32
                                                2019




 20



                                                                               2019                       252,033,615.96        2019
                 82,537,200.47                     2019    12        31                                   311,911,429.18
                                                                                              2019
                 2019         12        31                     144,087,472                                       10                       1
             ,                                  14,408,747.2     (        ),




        3
  2017               2018                                                                                 2017                                2017
  12 31                      72,066,136.00                                               10
        10       10                                               144,132,272
       2018            2019            27                                                                2018                             2018
  12    31                   144,118,272                                            10
14,411,827.2
      201             2020         20                                                                     201                                 2019
  12    31                   144,087,472                                            10               1
14,408,747.2     (       )




                     14,408,747.2           80,865,296.2                                                              14,408,747.2
 2019                                                            17.82%                       0.00        0.00%                        100.00%
                                   0                   1                                                                        0

                     14,411,827.2           85,270,352.1                                                              14,411,827.2
 2018                                                            16.90%                       0.00        0.00%                        100.00%
                                   0                   3                                                                        0

                     14,413,227.2           56,522,457.9                                                              14,413,227.2
 2017                                                            25.50%                       0.00        0.00%                        100.00%
                                   0                   4                                                                        0




                                                                               33
    2019




1




                36

                     2016   09
                                 36
                       28




           34
2019




                  25




       IPO                      2016   09
                                            36
                                  28




                          25




                         0.5%




                  1.5%




             35
2019




       IPO                     2016   09
                                           36
                                 28
                    60




                  15%




                         30%




             36
2019


            1




                  2




                  3




       37



                25%
2019


                 1




       5%



                     2016   09
                                 36
                       28




                 2




            38
2019




                     25%




            6
                           2016   09
                             28

                      18




                7
                12




                12




       39
2019




                      25%




            6




                       18




                 7
                 12




                 12




                            6




            20

       40
2019




                     25%




            6
                           2016   09
                             28

                      18




                7
                12




                12




       41
2019




            2016   09
              28




       42
2019




                 2016   09
                   28




            30




       43
2019




            2016   09
              28




       44
2019




                    2016   09
                      28




            /   /




       45
2019




            2016   09
              28




       46
                2019




                                            2017     05   48
                                                17




2




    1.
         2017                  22   ——                       23   —
                24     ——                37    ——




                              47
                             2019




               2019                        2019        [2019]6


         2019
2.




                                                                 60

                                                   1



                                                   1




     2019 12    30


                                    2019


                      2019



                                                  48
                                          2019




          2019       12   30
                                           2019




  2019          26                                                          2017
                                   2018
                                                         3.08
                               2019-031
                                  2019-052
         2017                                              110
43.8720                         0.30%                                2019     10   110
     2017                                         2017
            2019-046




                                                                49
                                       2019




1




2




3




4




5



             2019             26




                                   15,200,000                   3,522,823.60                  4.6
                                                                           40%
                                         2019-030
            2019         26
                                                                                 11


                     2019-034
            2019         14
        1,100                                                                           400
    1,500                                           2019-058
        2019 12
                                                               30,000
                                                                                      2019-082


            2019    12
                                                                                          30,000


                                                         50
        2019




               2019-083




               2019   04   29   http://www.cninfo.com.cn



               2019   04   29   http://www.cninfo.com.cn


               2019   08   15   http://www.cninfo.com.cn


               2019   12   10   http://www.cninfo.com.cn



               2019   12   10   http://www.cninfo.com.cn




1

    1




    2




    3




2




    1




                           51
                                    2019




                  2019
                  12     10         30,000             30,000




                                             30,000                      30,000
     B1                                                             B2


                                             30,000                      30,000
           B3                                                   B4




                                             30,000                      30,000
A1+B1+C1                                                   A2+B2+C2


                                             30,000                      30,000
 A3+B3+C3                                                A4+B4+C4

                A4+B4+C4                                                 41.61%



                              70%
                                                                              0
           E

                       D+E+F                                             30,000




                                                  52
        2019


    2




3

    1




    2




4




               53
    2019




                        2019
                26,00     02
                   0      21
                               2019-
                               004




                        2019
                          12
                8,999
                          25
                               2019-
                               095




1




           54
                                      2019


2

    1




    2

    2019   10                                      15,000
    2019   11                                100,000
    2019   12                                200,000




3




                            1,100                                                         2019   15
                                                       2019-058
                                                                                          2019   15
                                                       2019-063
                                                                  1,100              TV
            2019 12   11                                                       2019-086


30,000                                                              2019 12   10
                           2019-081




                                                         55
                      2019




1




                95,991,                            -23,588,   -23,588,   72,402,
                          66.61%                                                    50.25%
                   880                                  920       920       960

    1                0                                                        0

    2                0                                                        0

                95,991,                            -23,588,   -23,588,   72,402,
    3                     66.61%                                                    50.25%
                   880                                  920       920       960

                     0                                                        0

                95,991,                            -23,588,   -23,588,   72,402,
                          66.61%                                                    50.25%
                   880                                  920       920       960

    4                0                                                        0

                     0                                                        0

                     0                                                        0

                48,126,                            23,558,    23,558,    71,684,
                          33.39%                                                    49.75%
                   392                                  120       120       512

                48,126,                            23,558,    23,558,    71,684,
    1                     33.39%                                                    49.75%
                   392                                  120       120       512

    2                0                                                        0

    3                0                                                        0

    4                0                                                        0

                144,118   100.00                                         144,08     100.00
                                                   -30,800    -30,800
                   ,272       %                                           7,472           %




1        2017                2018        110
         110                                   2019 6   10                         43.8720


2 2019                                                                             2017



                                    56
                                       2019




                                                                                                        30,800
                         144,118,272                  144,087,472
3




             2019   24                                                            2017


              30%                                                    110                                43.8720


             2019   26      2019       15                                      2019
      2017                                                                                                   6
                                                30,800




                                        0.56                    6.67%                    0.56   6.67%
                                               5.00                   21.81%




2




                                                                                                 2017
    110
                         1,023,680                                   438,720          584,960




                                                                57
                                   2019




                   92,314,000            69,235,500      92,314,000              69,235,500                25%




                   93,337,680            69,235,500      92,752,720              69,820,460           --    --




1




              2019     12                                         2020      01
                                  100     /           2,000,000                               2,000,000
              25                                                  22




                            [2019]2654                    2019 12      25                 200
    100                                                                25.39


                             [2020]37                                                  2020         22
                                “123038”


2



     2019
     30,800                                           144,118,272                144,087,472




3




                                                         58
                        2019




1




             14,918                 17,201                         0                           0

                                                                                   9

                                             9

                               5%                     10




                                                                        23,078,5
                      64.07%   92,314,000                  69,235,500                  35,000,000
                                                                             00

                      1.04%     1,500,000                   1,500,000         0

                                                                        1,448,20
                      1.01%     1,448,200                          0
                                                                              0

                      0.62%      900,000                     900,000          0

                      0.52%      751,957                           0    751,957




    -
                      0.34%      490,600                           0    490,600




                      0.32%      468,000                           0    468,000

                      0.26%      372,000                           0    372,000

                      0.25%      357,750                           0    357,750

                      0.24%      352,300                           0    352,300



        10
             4




                                 10


                                                 59
                                        2019




                                                                       23,078,500                23,078,500



                                                                        1,448,200                 1,448,200



                                                                          751,957                  751,957



    -                                                                     490,600                  490,600



                                                                          468,000                  468,000



                                                                          372,000                  372,000



                                                                          357,750                  357,750


                                                                          352,300                  352,300



                                                                          343,600                  343,600


                  -
         -                 -   2                                          328,500                  328,500



        10
                      10
                                               10               10                          10
                      10




                                                    1,448,200                       1,056,700
                               5                                     391,500

             10                    10


             10                    10


2




                                                          60
         2019




3




    10




                61
          2019


4   10%




5




                 62
2019




       63
            2019




      [2019]2654      2019 12   25           200
100                             25.39


       [2020]37                           2020     22
        “123038”




1                               700,000   70,000,000.00   35.00%

2                                12,492    1,249,200.00   0.62%


3                                 9,698      969,800.00   0.48%



        -
4                                 6,810      681,000.00   0.34%



5                                 3,498      349,800.00   0.17%


        -
6                                 3,224      322,400.00   0.16%




                     64
         2019




         -
7    -   3           2,680   268,000.00   0.13%




8                    2,410   241,000.00   0.12%

9                    2,197   219,700.00   0.11%

10                   2,000   200,000.00   0.10%




                65
                      2019




                                       2015       2021
                                                                 2,000,0              500,00           1,500,0
                                  58   06         06                              0               0
                                                                     00                   0                00
                                       28         28




                                       2015       2021
                                                                 1,200,0              300,00           900,00
                                  48   06         06                              0               0
                                                                     00                   0                 0
                                       28         28




                                       2018       2019
                                  37   06         11        26   42,400           0    8,500   8,400   25,500
                                       28


                                                                 3,242,4              808,50           2,425,5
--          --   --          --             --         --                         0
                                                                     00                   0                00




                                       2019      11
                                       26




     1965
                                                                           1987         1989

                                                 66
                                                 2019


                         1989             1990                                                               1990          1996
                                          1996            1999                                                  1998
2000               ACF              2002                                                                       2002         2012
                           2012
                          1962
                                                                                                1998         2002
                   2002              2012                                               2012


                        1972
                                                                                                                    2002          2003 12
                                                   2004          2010                                                               2010
2011                                                                          2011             2012
2012
                        1981 11                                               2013
                          2013


                       2018          28
                          1968       10




         2012 -2014


       2018       28
                 1954 11


                         2015                           2018      28


                              1972
        2000            2006                             2006          2009 10                                                              2009
  11      2013                                                                                        2013      2018       28
                                            2018          28
                        1986
          2010            2011                                                                    2011        2013
                                          2013            2019                                                              2019
                                                                  2019 12          30
                          1988
   2011                                                                2011
                 2018          28




                                                                              67
2019




            2012   08
            01

            2018   04
            01

            2018   04
            01

            2018   04
            01

            2018   09   2021   09
            14          13

            2013   07
            01

            2019   02   2022   02
            15          14




       68
         2019




                          55          88.7



                          58         85.93




                          48         86.01


                          52            6

                          39            6

                          66            6



                          48         24.24



                          37         18.92



                          32         11.26



                          34          4.27



    --          --   --        --   337.33   --




1


                                                  1,071




                     69
           2019


                          7

                       1,078

                       1,078

                          0




                        439

                         43

                        397

                         13

                         46

                        140

                       1,078




                         32

                        256

                        309

                        481

                       1,078


2




3




    2019   2019

                  70
          2019


    3.5




4




                 71
       2019




2019




              72
           2019




                                   http://www.cninfo.com.cn




1




    2018                    2019   03   21    2019   03   21
                  66.51%                                       2019-020




                           73
               2019



    2019                               2019   05   15   2019   05   15
                          65.88%                                         2019-041



    2019                               2019   12   30   2019   12   30
                          65.80%                                         2019-098




2




1




           6          6            0               0           0                    3

           6          6            0               0           0                    2

           6          6            0               0           0                    3




2




3




                                   74
                   2019




                  2019




    2019




           2019    2017




1




                          75
    2019


2


           2020   04   21




                                              100.00%


                                              100.00%




                        A
              B
                                     C




                                 A


                            B
                                 C



                                         IT




                            76
2019




                         2019
                    3%
                 2019
            1%           3%
             2019
       1%




                                1%




                                     0

                                     0

                                     0

                                     0




       77
 2019




                       2019   12   31




2020    04   21




                  78
    2019




                                                     0.5%
                                                       0.7%
           2019    12         2025     12                   1.1%
123038                                      19,000
           25                 24
                                                     1.7%
                                                       2.1%
                                                            2.7%




            2020        12        25




                                                                   2   PICC
                                            12




                             79
             2019




                                                                 5.


                                                                       19,000




                                                                         2019
   19                                         [2019]213
  A+                                                 A+




         2



                    2019                    2018

                      112,663,685.12          114,020,868.97           -1.19%

                           187.05%                 149.48%            37.57%

                             50.51%                  49.08%            1.43%

                           122.72%                   87.05%           35.67%

EBITDA                       15.31%                  19.98%            -4.67%

                                7.06                      8.27        -14.63%

                                6.34                   -6.54          196.96%

EBITDA                          7.76                      8.77        -11.52%

                           100.00%                 100.00%             0.00%



                                       80
                              2019


                                            100.00%               100.00%                 0.00%

                                 30%


         2019   2018    37.81%               2019


                2019   2018       196.96%                  2019             6785   2018
-10631




                                             10.8




                                                      81
                   2019




                           2020   04   20



                                   [2020]     5-00058




                                                        2019 12   31
     2019


                                                           2019 12     31
            2019




1.


                                       2019                   688,637,361.01




2.




                          82
    2019




2019 12    31        265,856,174.03   68.44%




                             2019




                83
    2019




1



             2019        12        31



           2019     12        31               2018   12   31



                              405,463,078.97               204,231,697.37




                         84
2019




               6,252,631.31        911,195.47

             295,622,546.46    253,099,237.57



               6,303,157.68      2,526,943.38




               7,714,556.38      9,538,753.19




             382,403,750.68    351,496,191.69




               8,147,491.55     19,723,635.07

            1,111,907,213.03   841,527,653.74




              11,882,922.57     12,373,702.52




              17,795,947.94     17,896,374.93

              94,814,693.68     61,945,727.68




       85
2019


            174,436,754.06    179,943,192.35




               855,352.63        1,194,174.76

              5,257,057.06       4,134,317.89

             40,174,902.26     43,692,633.86

            345,217,630.20    321,180,123.99

        1,457,124,843.23     1,162,707,777.73



            303,503,128.51    295,040,565.42




             48,199,407.46     63,729,691.89

            166,557,290.74    111,554,206.08

             34,423,300.58     45,896,443.74




             19,408,215.41     17,836,501.73

              7,726,482.87       7,156,193.08

             14,618,609.25     21,742,952.67

                                  462,114.40




       86
2019


            594,436,434.82    562,956,554.61




            137,770,737.80




              3,851,371.06       4,000,000.00



                                 3,648,543.69

            141,622,108.86       7,648,543.69

            736,058,543.68    570,605,098.30



            144,087,472.00    144,118,272.00

             53,054,340.31




            182,829,029.27    181,968,707.80

             10,552,678.40     19,128,267.20

                 28,849.38         -15,691.15



             43,449,315.79     35,195,595.74



            308,169,971.20    249,964,062.24

            721,066,299.55    592,102,679.43



            721,066,299.55    592,102,679.43

        1,457,124,843.23     1,162,707,777.73




       87
    2019


2



           2019   12        31                  2018   12   31



                            393,902,220.34                  203,366,882.85




                                 6,252,631.31                     911,195.47

                            295,855,765.46                  253,295,072.90



                             11,332,200.33                       7,957,426.35

                             41,608,660.67                   12,710,434.20




                            382,598,713.25                  351,568,079.91




                                 1,874,036.88                13,228,270.03

                        1,133,424,228.24                    843,037,361.71




                            158,285,745.31                  147,897,688.04




                             17,044,178.04                   17,047,731.14

                                 1,453,195.09                      10,000.00



                       88
2019




             98,175,422.94    102,044,146.75




               855,352.63        1,194,174.76

              5,192,264.64       3,974,142.88

             40,036,962.26     43,437,223.38

            321,043,120.91    315,605,106.95

        1,454,467,349.15     1,158,642,468.66



            303,503,128.51    295,040,565.42




             48,199,407.46     63,729,691.89

            160,676,924.48    106,098,955.61

             34,423,300.58     45,896,443.74



             19,087,251.80     17,315,921.72

              7,641,619.34       7,097,505.97

             14,439,741.49     21,614,548.04

                                  462,114.40




            587,971,373.66    556,793,632.39




            137,770,737.80




       89
    2019




                         3,851,371.06              4,000,000.00



                                                   3,648,543.69

                       141,622,108.86              7,648,543.69

                       729,593,482.52           564,442,176.08



                       144,087,472.00           144,118,272.00

                        53,054,340.31




                       182,829,029.27           181,968,707.80

                        10,552,678.40            19,128,267.20

                            94,958.48                12,368.28



                        43,449,315.79            35,195,595.74

                       311,911,429.18           252,033,615.96

                       724,873,866.63           594,200,292.58

                   1,454,467,349.15            1,158,642,468.66


3



           2019                         2018

                       688,637,361.01           663,591,726.90

                       688,637,361.01           663,591,726.90




                       611,658,640.26           588,995,238.26

                       451,930,788.52           436,386,727.80



                  90
         2019




                      4,673,356.24    4,428,974.02

                     37,611,607.93   42,112,446.36

                     38,004,895.32   37,119,668.22

                     66,915,547.01   57,023,862.53

                     12,522,445.24   11,923,559.33

                     14,518,458.25   12,995,455.27

                      2,459,565.12    2,705,100.30

                     22,517,202.42   26,917,004.46


                     -3,172,747.27      -77,190.94



                     -3,172,747.27   -1,577,035.85




“-




      “-”
                     -5,012,436.21


      “-”
                     -4,230,687.21   -9,561,443.57


      “-”
                        -40,225.17     -400,477.48


                     87,039,827.31   91,474,381.11

                      4,889,013.77    5,892,779.79




                91
          2019


                       3,948,856.47    2,831,331.59


                      87,979,984.61   94,535,829.31


                       7,114,688.40    9,265,477.18

                      80,865,296.21   85,270,352.13



1.
                      80,865,296.21   85,270,352.13


2.




1.                    80,865,296.21   85,270,352.13

2.

                         44,540.53         2,524.70


                         44,540.53         2,524.70




     1.



     2.


     3.



     4.



     5.


                         44,540.53         2,524.70


     1.
                         82,590.20       12,368.28


     2.



     3.



     4.




                 92
              2019


    5.



    6.



    7.

    8.                               -38,049.67               -9,843.58

    9.




                                  80,909,836.74           85,272,876.83


                                  80,909,836.74           85,272,876.83




                                           0.56                    0.60

                                           0.56                    0.60




4



                     2019                         2018

                                 688,637,361.01          663,591,726.90

                                 451,884,223.22          436,598,672.97

                                   4,221,548.24            3,820,524.49

                                  37,389,986.65           41,928,372.49

                                  31,751,289.42           30,819,437.40

                                  71,871,878.84           60,833,706.43

                                  12,511,020.59           11,872,982.43

                                  14,518,458.25           12,995,455.27

                                   2,450,631.66            2,697,080.79

                                  22,517,202.42           26,917,004.46

         ”
                                  -3,172,747.27              -77,190.94




                            93
             2019



                         -3,172,747.27   -1,577,035.85



     “-”




     “-”
                         -5,464,648.03


     “-”
                         -4,230,687.21   -9,176,533.73


     “-”
                            -40,225.17     -400,477.48



                         88,616,308.79   94,980,833.00


                          4,889,013.77    5,659,446.30

                          3,948,856.47    2,771,331.59

       ”
                         89,556,466.09   97,868,947.71


                          7,019,265.62    9,372,811.36


                         82,537,200.47   88,496,136.35


                         82,537,200.47   88,496,136.35




                            82,590.20       12,368.28




1.



2.


3.




                    94
         2019


    4.



    5.


                                 82,590.20               12,368.28


    1.
                                 82,590.20               12,368.28


    2.



    3.



    4.


    5.



    6.



    7.

    8.


    9.

                             82,619,790.67           88,508,504.63




5



                2019                         2018




                            714,892,775.77          671,066,526.60




                       95
2019




             17,556,977.37    21,627,810.77


             18,284,994.20    23,455,657.29


            750,734,747.34   716,149,994.66


            433,783,219.13   587,473,034.36




            142,691,460.59   134,607,700.90


             43,369,101.11    40,968,944.71


             63,035,181.35    59,415,360.07


            682,878,962.18   822,465,040.04

             67,855,785.16   -106,315,045.38



                             160,000,000.00

                                1,499,844.91


                 31,800.00       251,800.00




       96
2019




                 31,800.00   161,751,644.91


             33,797,848.32   277,920,094.06


              3,522,823.60   173,864,570.30




             37,320,671.92   451,784,664.36

            -37,288,871.92   -290,033,019.45




            374,344,016.35   356,095,264.08

            192,580,000.00


             38,368,549.56    40,690,227.04


            605,292,565.91   396,785,491.12

            366,327,781.77   342,555,038.55


             28,938,514.36    27,469,724.17




             46,331,552.49    38,623,909.56


            441,597,848.62   408,648,672.28

            163,694,717.29    -11,863,181.16


                 38,540.14       -662,289.07


            194,300,170.67   -408,873,535.06




       97
    2019



                       165,863,147.81          574,736,682.87


                       360,163,318.48          165,863,147.81


6



           2019                         2018




                       714,892,775.77          671,066,526.60


                        17,556,977.37           21,627,810.77


                       199,206,637.22          172,440,691.75


                       931,656,390.36          865,135,029.12


                       438,639,254.01          587,342,339.58



                       138,578,052.18          131,606,921.36


                        42,920,043.11           40,360,450.43


                       274,381,672.83          207,398,911.14


                       894,519,022.13          966,708,622.51

                        37,137,368.23          -101,573,593.39



                                               160,000,000.00

                                                  1,499,844.91


                            31,800.00              251,800.00




                            31,800.00          161,751,644.91


                         2,769,433.47          152,866,112.88


                        14,522,823.60          302,864,570.30



                  98
    2019




                 17,292,257.07     455,730,683.18

                -17,260,457.07     -293,979,038.27




                374,344,016.35     356,095,264.08

                192,580,000.00


                 38,368,549.56      40,690,227.04


                605,292,565.91     396,785,491.12

                366,327,781.77     342,555,038.55


                 28,938,514.36      27,469,724.17



                 46,331,552.49      38,623,909.56


                441,597,848.62     408,648,672.28

                163,694,717.29      -11,863,181.16


                       32,498.11       -683,322.02


                183,604,126.56     -408,099,134.84


                164,998,333.29     573,097,468.13


                348,602,459.85     164,998,333.29


7




                2019




           99
           2019


    144
                  181,   19,1           35,1   249,   592,   592,
    ,11                         -15,
                  968,   28,2           95,5   964,   102,   102,
    8,2                         691.
                  707.   67.2           95.7   062.   679.   679.
    72.                          15
                   80      0              4     24     43     43
     00




    144
                  181,   19,1           35,1   249,   592,   592,
    ,11                         -15,
                  968,   28,2           95,5   964,   102,   102,
    8,2                         691.
                  707.   67.2           95.7   062.   679.   679.
    72.                          15
                   80      0              4     24     43     43
     00

          53,
    -30                  -8,5                  58,2   128,   128,
          05      860,          44,5    8,25
    ,80                  75,5                  05,9   963,   963,
          4,3     321.          40.5    3,72
    0.0                  88.8                  08.9   620.   620.
          40.      47             3     0.05
      0                    0                     6     12     12
          31

                                               80,8   80,9   80,9
                                44,5
                                               65,2   09,8   09,8
                                40.5
                                               96.2   36.7   36.7
                                  3
                                                 1      4      4

          53,
                         -8,0                         62,4   62,4
          05      1,39
                         16,8                         62,5   62,5
          4,3     1,31
                         76.8                         30.5   30.5
          40.     3.47
                           0                            8      8
          31

1



          53,
                                                      53,0   53,0
2         05
                                                      54,3   54,3
          4,3
                                                      40.3   40.3
          40.
                                                        1      1
          31




                                  100
    2019


                  -8,0
3          1,39                              9,40   9,40
                  16,8
           1,31                              8,19   8,19
                  76.8
           3.47                              0.27   0.27
                    0

4

                                      -22,   -14,   -14,
                               8,25
                                      659,   405,   405,
                               3,72
                                      387.   667.   667.
                               0.05
                                       25     20     20

                                      -8,2
                               8,25
1                                     53,7
                               3,72
                                      20.0
                               0.05
                                        5

2



                                      -14,   -14,   -14,
3
                                      405,   405,   405,
                                      667.   667.   667.
                                       20     20     20

4




1




2




3


4




5




6




                         101
           2019




1

2

    -30
                  -530   -558                                       -3,0      -3,0
    ,80
                ,992.    ,712.                                     80.0       80.0
    0.0
                   00      00                                            0      0
      0

    144   53,
                  182,   10,5                   43,4       308,    721,       721,
    ,08   05                     28,8
                  829,   52,6                   49,3       169,    066,       066,
    7,4   4,3                    49.3
                  029.   78.4                   15.7       971.    299.       299.
    72.   40.                       8
                   27       0                         9     20       55        55
     00   31




                                        2018




    72,
                251,     27,7                  26,3       187,    510,
    066                          -18,                                        510,1
                541,     32,0                  45,9       955,    158,
    ,13                          215.                                        58,28
                323.     96.0                  82.1       150.    281.
    6.0                           85                                          1.01
                   81      0                     0         95      01
     0




                                    102
          2019


    72,
             251,     27,7            26,3   187,   510,
    066                      -18,                          510,1
             541,     32,0            45,9   955,   158,
    ,13                      215.                          58,28
             323.     96.0            82.1   150.   281.
    6.0                       85                            1.01
                 81     0               0     95     01
     0

    72,
             -69,     -8,6                   62,0   81,9
    052                               8,84                 81,94
             572,     03,8   2,52            08,9   44,3
    ,13                               9,61                 4,398
             616.     28.8   4.70            11.2   98.4
    6.0                               3.64                   .42
                 01     0                      9      2
     0

                                             85,2   85,2
                                                           85,27
                             2,52            70,3   72,8
                                                           2,876
                             4.70            52.1   76.8
                                                             .83
                                               3      3

                      -8,3                          11,0
             2,73                                          11,08
                      48,4                          83,3
             4,87                                          3,348
                      68.8                          48.7
             9.99                                            .79
                        0                             9

1



2




                      -8,3                          11,0
3            2,73                                          11,08
                      48,4                          83,3
             4,87                                          3,348
                      68.8                          48.7
             9.99                                            .79
                        0                             9

4

                                             -23,   -14,
                                      8,84                 -14,4
                                             261,   411,
                                      9,61                 11,82
                                             440.   827.
                                      3.64                  7.20
                                              84     20

                                             -8,8
                                      8,84
1                                            49,6
                                      9,61
                                             13.6
                                      3.64
                                               4

2




                                103
          2019


                                    -14,   -14,
3                                                 -14,4
                                    411,   411,
                                                  11,82
                                    827.   827.
                                                   7.20
                                     20     20

4

    72,
              -72,
    066
             066,
    ,13
             136.
    6.0
                 00
     0

    72,
              -72,
1   066
             066,
    ,13
             136.
    6.0
                 00
     0

2




3



4




5




6




1

2

    -14
             -241     -255
    ,00
             ,360.    ,360.
    0.0
                 00     00
     0




                              104
             2019


    144
                181,       19,1                        35,1   249,          592,
    ,11                                -15,                                            592,1
                968,       28,2                        95,5   964,          102,
    8,2                                691.                                            02,67
                707.       67.2                        95.7   062.          679.
    72.                                 15                                               9.43
                    80       0                           4     24               43
     00


8




                                                2019




                                                                         252,
     144,1                 181,96        19,128               35,195
                                                    12,368               033,        594,200,
     18,27                  8,707.        ,267.2               ,595.7
                                                       .28               615.         292.58
      2.00                        80            0                    4
                                                                          96




                                                                         252,
     144,1                 181,96        19,128               35,195
                                                    12,368               033,        594,200,
     18,27                  8,707.        ,267.2               ,595.7
                                                       .28               615.         292.58
      2.00                        80            0                    4
                                                                          96

                    53,0                                                 59,8
     -30,8          54,3   860,32        -8,575,    82,590     8,253,    77,8        130,673,
     00.00          40.3     1.47        588.80        .20    720.05     13.2         574.05
                      1                                                    2

                                                                         82,5
                                                    82,590               37,2        82,619,7
                                                       .20               00.4          90.67
                                                                           7

                    53,0
                    54,3    1,391,       -8,016,                                     62,462,5
                    40.3   313.47        876.80                                        30.58
                      1




                                          105
    2019


1



           53,0
2
           54,3                                       53,054,3
           40.3                                         40.31
             1

3
                  1,391,   -8,016,                    9,408,19
                  313.47   876.80                         0.27


4

                                              -22,6
                                     8,253,   59,3    -14,405,
                                     720.05   87.2     667.20
                                                 5

                                              -8,25
1                                    8,253,
                                              3,72
                                     720.05
                                              0.05

                                              -14,4
2
                                              05,6    -14,405,
                                              67.2     667.20
                                                 0

3




1




2




3



4




5




6




                            106
            2019




1

2

    -30,8                    -530,9       -558,7                                      -3,080.0
    00.00                    92.00         12.00                                            0

                   53,0
    144,0                   182,82        10,552                     43,449   311,9
                   54,3                                94,958                         724,873,
    87,47                    9,029.        ,678.4                    ,315.7   11,42
                   40.3                                     .48                        866.63
     2.00                          27            0                        9    9.18
                     1




                                                2018




    72,0
                          251,5         27,73                     26,34   186,79
    66,1                                                                              509,020,
                          41,32     2,096.                        5,982   8,920.4
    36.0                                                                               266.36
                           3.81           00                        .10        5
      0




    72,0
                          251,5         27,73                     26,34   186,79
    66,1                                                                              509,020,
                          41,32     2,096.                        5,982   8,920.4
    36.0                                                                               266.36
                           3.81           00                        .10        5
      0

    72,0
                          -69,57    -8,603                        8,849
    52,1                                         12,36                    65,234,     85,180,0
                          2,616.    ,828.8                        ,613.
    36.0                                             8.28                 695.51        26.22
                             01            0                        64
      0

                                                 12,36                    88,496,     88,508,5
                                                     8.28                 136.35        04.63




                                           107
           2019


                  2,734,   -8,348
                                                       11,083,34
                  879.9    ,468.8
                                                            8.79
                      9        0

1



2




3                 2,734,   -8,348
                                                       11,083,34
                  879.9    ,468.8
                                                            8.79
                      9        0

4

                                     8,849
                                             -23,261   -14,411,8
                                     ,613.
                                             ,440.84      27.20
                                       64

                                     8,849
1                                            -8,849,
                                     ,613.
                                             613.64
                                       64

2
                                             -14,411   -14,411,8
                                             ,827.20      27.20


3

    72,0
                  -72,06
    66,1
                  6,136.
    36.0
                     00
      0

    72,0
1                 -72,06
    66,1
                  6,136.
    36.0
                     00
      0

2




3



4




                               108
                                 2019


5




6




1

2

                -14,0
                                        -241,3   -255,3
                  00.0
                                         60.00   60.00
                    0

                  144,
                                         181,9   19,12               35,19     252,03
                  118,                                     12,36                              594,200,
                                         68,70   8,267.              5,595     3,615.9
                  272.                                      8.28                               292.58
                                          7.80      20                   .74        6
                   00




                                                                   1-4
                  144,087,472.00
                          91440300738806748A




                                                                               LCD/LCM/TP/OLED/PDP




                         2002                              100
           2002          079
     2011 11                                                1000
         [2011]385
         2012

         2012            29                      5000
                                [2012]801A75
    2012     29
      2012                                                                         347.5936


                                                     109
                                           2019


                   5347.5936
        [2012] 801A95
      2016        2015                                                                                   [2016]1888 ”
                                                                  1783
                                                      1783                                 1783
            7130.5936                               7130.5936
                   [2016]48220006                                                                                2016
11
      2017         17
                                                  2017
      118                                                          76.02                                 76.02
                                                   7,206.6136
                                  2017      48470001
    2017      21
      2018         30                              2017                        2017              72,066,136
                                      10                                                                          10
     10                                                       144,132,272.00      2018      19
                                                             2017

                             14,000                                                          144,118,272.00
                                                                                 2018    48470001
                                                          2018     19
     2019          26                                                                             2017

                        30,800                                                           144,087,472.00
                                                                               2019 48470002

                                                  2020      20
             2019




1

                                                                                                                  -




2

                        12




                                                                 110
              2019




1

                                     2019 12 31   2019




2

                     12   31


3

         12


4




5

    1.




    2.




6

    1.




    2.




                               111
                2019




                                   ——
                22   ——




                              2.




7

    1.




    2.




         ——




                            112
          2019


     3.
                       2.




8




9

     1.




     2.




10

     1.




                 113
     2019




2.




3.



            114
          2019




     4.




      2




11

     1.




                 12




                      115
                     2019


                     14     ——
           21 ——




                                          3.00

1-2                                      10.00

2-3                                      30.00

3-4                                      50.00

4-5                                      80.00

                                         100.00




            12
      2.




                                   116
          2019


12

     1.




     2.


     3.




     4.


     5.




13




     1.




                 117
     2019




            22   ——


2.




                        20   ——




                 118
            2019




     2.“




14




                   20         5   4.75

                   10         5   9.50

                   5          5   19.00

                   3          5   31.67


                        119
          2019




15




16

     1.




     2.




                 120
     2019




17




18




            121
         2019




19




20




     4




21




                122
          2019




22

     1.




     2.




     3.




                 123
          2019


23

     1.




     2.




24




     1.




     2.




                 124
              2019




     3.


     4.




25




26        /

     1.




     2.




                     125
          2019




     3.




     4.




27




     1.




     2.




     1.



                 126
                            2019




         2.




28

     1



         1.
                     2017                          22   ——                         23   —
                            24     ——                        37   ——




                     2019                 2019                             [2019]6


              2019
         2.




 2




 3 2019




                                                 127
                          2019


    4     2019




1




                                                             16%   13%   6%   3%



                                                             5%    7%

                                                             15%   25%

                                                             3%

                                                             2%




                                        15%

    Liande JR&D       2                 15%

                                        25%


2

         2017    17                                     GR201744200826
                                      15%          2017-2019                  15%
                      2011 10    13                                           [2011]100
                                                 16% 13%
    3%


3




1




                                               194,612.57                              203,687.99

                                            359,968,705.91                          165,659,459.82



                                      128
                             2019


                                                             45,299,760.49                            38,368,549.56

                                                            405,463,078.97                           204,231,697.37

                                                                 210,286.29                                137,014.54



        2019 12 31                                                            45,299,760.49




2

    1




                                                              6,252,631.31                                 911,195.47

                                                              6,252,631.31                                 911,195.47


3

    1




            7,920,2              7,920,2     100.00               7,816,3               7,816,3   100.00
                      2.48%                                                    2.87%
              76.91                  76.91       %                  16.91                16.91        %



             311,82                                     295,62     264,05
                       97.52     16,202,                                                10,959,              253,099,
            5,050.7                          5.20%     2,546.4    8,414.4     97.13%              4.15%
                             %      504.26                                              176.91                237.57
                 2                                           6          8



             311,82                                     295,62     264,05
                       97.52     16,202,                                                10,959,              253,099,
            5,050.7                          5.20%     2,546.4    8,414.4     97.13%              4.15%
                             %      504.26                                              176.91                237.57
                 2                                           6          8

             319,74                                     295,62     271,87
                      100.00     24,122,                                       100.00   18,775,              253,099,
            5,327.6                          7.54%     2,546.4    4,731.3                         6.91%
                             %      781.17                                         %    493.82                237.57
                 3                                           6          9

              7,920,276.91



                                                      129
      2019




1    1,424,862.00   1,424,862.00   100.00%



2    1,094,640.00   1,094,640.00   100.00%


3     794,530.01     794,530.01    100.00%

4     734,200.00     734,200.00    100.00%


5     660,000.00     660,000.00    100.00%


6     509,430.00     509,430.00    100.00%

7     364,000.00     364,000.00    100.00%


8     328,890.00     328,890.00    100.00%


9     258,000.00     258,000.00    100.00%


10    195,000.00     195,000.00    100.00%

11    138,700.00     138,700.00    100.00%

12    137,360.02     137,360.02    100.00%

13    125,600.00     125,600.00    100.00%

14    108,200.00     108,200.00    100.00%

15    104,000.00     104,000.00    100.00%

16    103,000.00     103,000.00    100.00%

17    102,200.00     102,200.00    100.00%

18    100,700.00     100,700.00    100.00%

19     84,000.00      84,000.00    100.00%

20     81,600.00      81,600.00    100.00%


21     50,000.00      50,000.00    100.00%


22     50,000.00      50,000.00    100.00%

23     42,920.00      42,920.00    100.00%

24     40,000.00      40,000.00    100.00%

25     34,900.00      34,900.00    100.00%

26     30,000.00      30,000.00    100.00%

27     30,000.00      30,000.00    100.00%


                    130
                             2019


    28                        28,815.13                     28,815.13                  100.00%

    29                        25,815.81                     25,815.81                  100.00%

    30                        25,760.69                     25,760.69                  100.00%

    31                        25,600.00                     25,600.00                  100.00%

    32                        23,590.00                     23,590.00                  100.00%

    33                        20,576.13                     20,576.13                  100.00%

    34                        11,000.00                     11,000.00                  100.00%

    35                          9,680.00                        9,680.00               100.00%

    36                          9,200.00                        9,200.00               100.00%

    37                          7,700.86                        7,700.86               100.00%

    38                          3,451.73                        3,451.73               100.00%

    39                           960.00                          960.00                100.00%

    40                           780.03                          780.03                100.00%

    41                           487.00                          487.00                100.00%

    42                           127.50                          127.50                100.00%

                            7,920,276.91                  7,920,276.91            --                   --

             7,920,276.91




1                                    263,744,876.76                         7,912,346.30                     3.00%

1   2                                  36,353,423.13                        3,635,342.31                    10.00%

2   3                                      8,440,657.70                     2,532,197.31                    30.00%

3   4                                      1,993,839.45                      996,919.73                     50.00%

4   5                                       832,775.36                       666,220.29                     80.00%

5                                           459,478.32                       459,478.32                     100.00%

                                     311,825,050.72                        16,202,504.26         --

             16,202,504.26




1        1                                                                                       263,744,876.76

1   2                                                                                             36,353,423.13

2   3                                                                                                  8,440,657.70

3                                                                                                     11,206,370.04


                                                          131
                     2019


        3       4                                                                       1,993,839.45

        4       5                                                                        832,775.36

        5                                                                               8,379,755.23

                                                                                      319,745,327.63




        2




            1                106,531,913.57                            33.31%           3,195,957.41
            2                 26,532,405.68                            8.30%             795,972.17
            3                 23,734,704.96                            7.42%             712,041.15
            4                 15,560,421.04                            4.87%             466,812.63
            5                 15,525,092.28                            4.86%             881,107.46
                             187,884,537.53                            58.76%


4

        1




    1               6,260,802.91                     99.33%            2,515,998.01          99.57%

    1       2         34,250.00                       0.54%               10,945.37           0.43%

    2       3           8,104.77                      0.13%

                    6,303,157.68              --                       2,526,943.38     --


        2

                                                   4,824,590.31
76.54%


5




                                                        7,714,556.38                    9,538,753.19


                                              132
                                          2019


                                                                7,714,556.38                 9,538,753.19


        1

1




                                                                3,572,900.00                 6,210,800.00

                                                                2,440,355.00                 2,191,349.00

                                                                1,129,868.20                 1,160,747.60

                                                                    487,797.49                457,889.77

                                                                    573,664.18                342,578.52

                                                                8,204,584.87                10,363,364.89


2




                                  12
                                                    (           )           (           )

    2019            1    1             824,611.70                                             824,611.70

    2019            1    1
                                   ——                 ——                     ——       ——


                                   334,583.21                                                 334,583.21

    2019            12       31
                                   490,028.49                                                 490,028.49




    1                        1                                                               6,714,704.87

    1       2                                                                                 943,686.05

    2       3                                                                                 477,869.07

    3                                                                                          68,324.88

        3       4                                                                              20,685.88




                                                          133
                             2019


    4   5                                                                                              25,800.00

    5                                                                                                  21,839.00

                                                                                                    8,204,584.87


3




                                      3,435,600.00     1                             41.87%          103,068.00


                                         43,000.00     1
                                                                                      9.66%           76,210.00
                                        749,200.00     1-2

                                        611,100.00     1                              7.45%           18,333.00


                                        419,340.00     2-3                            5.11%          125,802.00


                                        294,849.25     1                              3.59%             8,845.48

                      --              5,553,089.25            --                     67.68%          332,258.48


6




    1




             40,593,316.55    1,016,371.97    39,576,944.58        34,432,067.87    163,420.82     34,268,647.05

             68,200,291.68                    68,200,291.68        35,263,845.20                   35,263,845.20

             13,812,420.90    1,019,558.44    12,792,862.46        11,968,562.30   3,243,737.39     8,724,824.91

            265,856,174.03    4,022,522.07   261,833,651.96    275,699,358.28      2,460,483.75   273,238,874.53

            388,462,203.16    6,058,452.48   382,403,750.68    357,363,833.65      5,867,641.96   351,496,191.69


    2




                                                     134
                             2019




               163,420.82      852,951.15                                                                 1,016,371.97

              3,243,737.39    1,019,558.44                         3,243,737.39                           1,019,558.44

              2,460,483.75    4,022,522.07                         2,460,483.75                           4,022,522.07

              5,867,641.96    5,895,031.66                         5,704,221.14                           6,058,452.48


7




                                                              7,727,446.80                            19,313,742.84

                                                               420,044.75                                  409,892.23

                                                              8,147,491.55                            19,723,635.07


8




      (                                                                                           (


          )                                                                                           )




    12,373,   3,522,8               -3,172,   82,590.                        -1,044,   121,16   11,882,        1,044,6
    702.52      23.60               747.27        20                         609.26      2.78   922.57          09.26



    12,373,   3,522,8               -3,172,   82,590.                        -1,044,   121,16   11,882,        1,044,6
    702.52      23.60               747.27        20                         609.26      2.78   922.57          09.26

    12,373,   3,522,8               -3,172,   82,590.                        -1,044,   121,16   11,882,        1,044,6
    702.52      23.60               747.27        20                         609.26      2.78   922.57          09.26




                                                        135
                           2019


9




                                                        17,795,947.94                  17,896,374.93

                                                        17,795,947.94                  17,896,374.93


    1




    1.             835,165.00     21,358,570.44          3,652,081.97   5,633,013.19   31,478,830.60

    2.
                                   3,050,357.87                          198,783.12     3,249,140.99


         1                         3,050,357.87                          194,948.61     3,245,306.48

         2


         3



             (4)
                                                                            3,834.51        3,834.51


    3.
                                    324,735.47                              6,255.54     330,991.01


         1
                                    324,735.47                              6,255.54     330,991.01




    4.             835,165.00     24,084,192.84          3,652,081.97   5,825,540.77   34,396,980.58



    1.             115,705.10      7,844,614.33          2,535,486.88   3,086,649.36   13,582,455.67

    2.
                    39,670.32      1,897,982.60           218,366.19    1,121,210.92    3,277,230.03


         1          39,670.32      1,897,982.60           218,366.19    1,120,004.47    3,276,023.58

             (2)
                                                                            1,206.45        1,206.45


    3.
                                    252,710.30                              5,942.76     258,653.06




                                                  136
                              2019


          1
                                       252,710.30                                   5,942.76     258,653.06




     4.               155,375.42      9,489,886.63          2,753,853.07        4,201,917.52   16,601,032.64



     1.

     2.



          1



     3.



          1




     4.



     1.
                      679,789.58     14,594,306.21           898,228.90         1,623,623.25   17,795,947.94


     2.
                      719,459.90     13,513,956.11          1,116,595.09        2,546,363.83   17,896,374.93



10




                                                           94,814,693.68                       61,945,727.68

                                                           94,814,693.68                       61,945,727.68


     1




              92,634,876.19                  92,634,876.19      61,935,727.68                  61,935,727.68

               1,453,195.09                   1,453,195.09          10,000.00                      10,000.00




                                                     137
                                             2019



                           726,622.40                 726,622.40


                         94,814,693.68              94,814,693.68         61,945,727.68                   61,945,727.68


     2




                         61,935   30,699              92,634
               22,900                                               40.45     40.45
                         ,727.6   ,148.5               ,876.1
                   .00                                                    %   %
                              8          1                 9

                         61,935   30,699              92,634
               22,900
                         ,727.6   ,148.5               ,876.1        --           --                               --
                   .00
                              8          1                 9


11

     1




          1.                 181,861,900.00                                               2,570,442.20   184,432,342.20

          2.
                                                                                              5,911.51         5,911.51


               1

               2



               3



                   (4)
                                                                                              5,911.51         5,911.51


     3.


               1


                                                        138
                                    2019




     4.                 181,861,900.00                                         2,576,353.71   184,438,253.71



     1.                   3,458,635.40                                         1,030,514.45     4,489,149.85

     2.
                          5,060,345.64                                          452,004.16      5,512,349.80


              1           5,060,345.64                                          451,215.95      5,511,561.59

                  (2)
                                                                                    788.21           788.21


     3.



              1



     4.                   8,518,981.04                                         1,482,518.61    10,001,499.65



     1.

     2.



              1



     3.



          1



     4.



     1.
                        173,342,918.96                                         1,093,835.10   174,436,754.06


     2.
                        178,403,264.60                                         1,539,927.75   179,943,192.35



12




                          1,194,174.76     1,038,834.96         1,377,657.09                     855,352.63

                          1,194,174.76     1,038,834.96         1,377,657.09                     855,352.63


                                                          139
                2019


13       /

     1




             30,671,262.14   4,614,273.90           25,467,747.48     3,879,512.12

               194,962.57      29,244.39                73,799.79        11,069.97

              4,090,258.49    613,538.77             1,624,905.33      243,735.80

             34,956,483.20   5,257,057.06           27,166,452.60     4,134,317.89


     2




                             5,257,057.06                             4,134,317.89


14




                                    40,140,940.00                    43,581,871.60

                                        33,962.26                       110,762.26

                                    40,174,902.26                    43,692,633.86




15

     1




                                   303,056,800.00                   295,040,565.42

                                      446,328.51

                                   303,503,128.51                   295,040,565.42


                             140
                2019




16




                                      48,199,407.46                    63,729,691.89

                                      48,199,407.46                    63,729,691.89


17

     1




 1       1                           162,062,396.53                    111,228,850.56

 1                                     4,494,894.21                       325,355.52

                                     166,557,290.74                    111,554,206.08


18




     1




 1       1                            31,469,223.52                    42,341,376.02

 1                                     2,954,077.06                      3,555,067.72

                                      34,423,300.58                    45,896,443.74


19

     1




             17,779,678.51   139,106,746.06           137,535,133.98   19,351,290.59



                               141
                2019


         -
                 56,823.22     5,283,691.58             5,283,589.98      56,924.82


             17,836,501.73   144,390,437.64           142,818,723.96   19,408,215.41


     2




 1
             17,743,492.32   130,078,832.21           128,507,283.87   19,315,040.66


 2                             5,676,592.05             5,676,592.05

 3               36,186.19     1,416,659.91             1,416,596.17      36,249.93


                 34,283.78     1,164,504.33             1,164,442.48      34,345.63


                                  82,377.37                82,377.37



                  1,902.41      169,778.21               169,776.32         1,904.30


 4                             1,741,090.90             1,741,090.90

 5
                                193,570.99               193,570.99


             17,779,678.51   139,106,746.06           137,535,133.98   19,351,290.59


     3




 1               56,823.22     5,097,162.59             5,097,060.99      56,924.82

 2                              186,528.99               186,528.99

                56,823.22      5,283,691.58             5,283,589.98      56,924.82




20




                                       3,605,627.27                     1,642,072.45

                                       2,564,607.38                     4,323,521.44



                               142
             2019


                            685,760.38      566,920.29

                            252,393.91      114,945.07

                            108,168.82       49,262.17

                              72,112.55      32,841.45

                            356,314.65      367,989.74

                             81,497.91       58,640.47

                           7,726,482.87    7,156,193.08


21




                                            462,114.40

                          14,618,609.25   21,280,838.27

                          14,618,609.25   21,742,952.67


     1




                                            462,114.40

                                            462,114.40


     2

1




                          10,552,678.40   19,128,267.20

                           1,200,000.00    1,200,000.00

                            516,956.91      663,132.97

                           2,348,973.94     289,438.10

                          14,618,609.25   21,280,838.27


2        1




                    143
                                             2019




                                                                                           2017
                                                                           10,552,678.40


                                                                           10,552,678.40             --


22

     1




                                                                         137,770,737.80

                                                                         137,770,737.80


     2




            200,00     2019                         200,00              200,00                              137,77
                                                                                 19,178.   -62,248
            0,000.0    12          6                0,000.0            0,000.0                             0,737.8
                                                                                     08    ,440.28
                   0   25                                   0               0                                    0

                                                    200,00                                                  137,77
                                                                                 19,178.   -62,248
              --            --          --          0,000.0                                                0,737.8
                                                                                     08    ,440.28
                                                            0                                                    0


     3

                                                [2019] 2654
                                                                                                          0.5%
     0.7%      1.1%              1.7%               2.1%        2.7%




                                                    25.39                                  20
20




23




                                                                  144
                                   2019




                         4,000,000.00                           148,628.94           3,851,371.06

                         4,000,000.00                           148,628.94           3,851,371.06            --




                                                                                                                  /




                                                    148,628.9
           2,000,000.00                                                                     1,851,371.06
     OCA                                                    4




 CGS

           2,000,000.00                                                                     2,000,000.00




24




                                                                                                           3,648,543.69

                                                                                                           3,648,543.69


25



                                                                   +   -



             144,118,272.                                                                                  144,087,472.
                                                                             -30,800.00     -30,800.00
                      00                                                                                              00



           2019     26                                                             2017
                                                                                                         30,800
                                        30,800.00               530,992.00



                                                      145
                         2019


26

     1




                                            53,054,340                                        53,054,340
                                2,000,000                                       2,000,000
                                                     .31                                              .31


                                            53,054,340                                        53,054,340
                                2,000,000                                       2,000,000
                                                     .31                                              .31


27




                     179,234,490.00            2,303,251.14       530,992.00            181,006,749.14

                       2,734,217.80            1,391,313.47      2,303,251.14                1,822,280.13

                     181,968,707.80            3,694,564.61      2,834,243.14           182,829,029.27




                                                  2,303,251.14


28




 2017                 19,128,267.20                              8,575,588.80               10,552,678.40

                      19,128,267.20                              8,575,588.80               10,552,678.40



         2019   26                                                       2017
                                                                                                  30,800


         2019    24                                                    2017
                                                                       438,720




                                               146
          2019


29




       -15,691.1     44,540.5                             44,540.5          28,849
                 5         3                                    3               .38

                     82,590.2                             82,590.2          94,958
       12,368.28
                           0                                    0               .48

       -28,059.4     -38,049.                             -38,049.           -66,10
                 3        67                                   67              9.10

       -15,691.1     44,540.5                             44,540.5          28,849
                 5         3                                    3               .38




30




       35,195,595.74            8,253,720.05                          43,449,315.79

       35,195,595.74            8,253,720.05                          43,449,315.79



                                10%
 50%




31




                                         249,964,062.24              187,955,150.95

                                         249,964,062.24              187,955,150.95

                                          80,865,296.21               85,270,352.13


                                147
         2019


                                              8,253,720.05                    8,849,613.64

                                             14,405,667.20                   14,411,827.20

                                            308,169,971.20                  249,964,062.24



1)                                                        0.00
2)               0.00
3)                      0.00
4)                                 0.00
5)        0.00


32




     684,671,630.85            449,765,116.56              659,176,310.78   432,612,446.13

       3,965,730.16              2,165,671.96                4,415,416.12     3,774,281.67

     688,637,361.01            451,930,788.52              663,591,726.90   436,386,727.80




33




                                           2,246,585.15                       1,978,226.05

                                           1,604,703.69                       1,413,018.62

                                            447,379.30                         554,815.31

                                            374,688.10                         482,914.04

                                           4,673,356.24                       4,428,974.02


34




                                           9,497,435.16                      11,676,600.77

                                           3,487,020.45                       2,931,211.90

                                          11,916,229.25                      19,222,862.54


                                 148
     2019


                   6,397,001.32    4,337,848.66

                   4,945,142.53    3,026,742.62

                    881,043.34      780,343.24

                    487,735.88      136,836.63

                  37,611,607.93   42,112,446.36


35




                  23,481,146.34   20,772,415.61

                    991,081.99     3,344,863.55

                   3,628,742.35    3,775,670.07

                   5,865,457.66    2,550,620.99

                    961,554.03     3,542,475.41

                    899,428.22     1,143,371.31

                   2,177,484.73    1,990,251.28

                  38,004,895.32   37,119,668.22


36




                  48,978,137.78   42,258,846.67

                   7,569,582.38    3,868,715.95

                   5,741,341.11    5,643,469.39

                   4,626,485.74    5,252,830.52

                  66,915,547.01   57,023,862.53


37




                  14,518,458.25   12,995,455.27

                   2,459,565.12    2,705,104.01

                    918,020.37     1,959,409.48

                    583,763.80      525,454.67


            149
                       2019


                                      129,295.54         199,253.26

                                    12,522,445.24      11,923,559.33


38




                                    17,230,252.08      21,627,810.77

        AMOLED
                                                        3,326,586.33


                                                         135,200.00

                                       37,000.00          24,000.00

                                      168,763.61         158,229.32

                                     1,959,000.00       1,231,000.00

                                       71,000.00

                                       80,000.00

         2019                        2,039,500.00

 2019                                 150,000.00

 2019
                                       70,610.00



         2018                          14,159.29

                 OCA
                                      148,628.94


                                      548,288.50         414,178.04


39




                                       -3,172,747.27   -1,577,035.85

                                                        1,499,844.91

                                       -3,172,747.27      -77,190.94


40




                              150
     2019


                                   334,851.14

                                 -5,347,287.35

                                 -5,012,436.21


41




                                                             -6,098,613.85

                                 -3,186,077.95               -3,462,829.72

                                 -1,044,609.26

                                 -4,230,687.21               -9,561,443.57


42




                                   -40,225.17                 -400,477.48


43




             262,100.00                     1,563,333.49       262,100.00

                6,725.91                         13,454.99       6,725.91

             971,644.17                           6,000.00     971,644.17

            3,648,543.69                    4,309,991.31     3,648,543.69

            4,889,013.77                    5,892,779.79     4,889,013.77




                                                                 /




                           151
             2019




                                                           233,333.49




                                                           600,000.00




                                                            30,000.00




                                                           200,000.00




         "                                    262,100.00   500,000.00
     "




44




                     300,000.00           360,000.00                     300,000.00

                         312.78               630.85                         312.78

                    3,648,543.69         2,053,691.74                   3,648,543.69

                                          417,009.00



                                   152
                  2019


                         3,948,856.47                   2,831,331.59    3,948,856.47


45

     1




                                              7,837,155.90             10,449,311.57

                                              -722,467.50              -1,183,834.39

                                              7,114,688.40              9,265,477.18


     2




                                                                       87,979,984.61

         /                                                             13,196,997.69

                                                                         -193,741.90

                                                                         912,683.28


                                                                         755,459.68


                                                                       -7,538,535.93

                                                                          -18,174.42

                                                                        7,114,688.40


46

             29


47

     1




                                              5,032,599.21              7,378,429.32

                                                                         337,266.35

                                              2,459,565.12              2,705,104.01


                                        153
    2019


                    58,149.43      290,322.61

                  9,534,680.44    3,586,000.00

                  1,200,000.00    1,200,000.00

                                  7,958,535.00

                 18,284,994.20   23,455,657.29


2




                  8,337,134.91    6,759,691.97

                 11,916,229.25   19,222,862.54

                  4,282,734.05    3,553,108.72

                 14,805,845.40   10,494,654.80

                  7,291,726.84    5,471,219.97

                   881,043.34      780,343.24

                   958,811.85     3,542,475.41

                   165,534.20      561,783.24

                  7,145,786.44    3,111,934.00

                  1,200,000.00     960,000.00

                  3,648,543.69    2,566,659.81

                  2,401,791.38    2,390,626.37

                 63,035,181.35   59,415,360.07


3




                 38,368,549.56   40,690,227.04

                 38,368,549.56   40,690,227.04


4




                   561,792.00      255,360.00

                 45,299,760.49   38,368,549.56


           154
         2019


                         470,000.00

                      46,331,552.49          38,623,909.56


48

     1




 1               --                    --

                      80,865,296.21          85,270,352.13

                       4,230,687.21            9,561,443.57

                       5,012,436.21


                       3,276,023.58            2,609,293.10


                       5,511,561.59            2,140,279.19

                       1,377,657.09            1,740,012.10



                          40,225.17             400,477.48



                             312.78                 630.85



                      14,484,563.16          13,678,777.29



                       3,172,747.27              77,190.94


                        -722,507.69           -1,183,883.47



                      -34,214,799.72        -128,811,208.50



                      -42,566,754.83        -125,812,991.96



                      26,545,884.08          30,669,718.35


                         842,453.05            3,344,863.55

                      67,855,785.16         -106,315,045.38

 2
                 --                    --




                155
         2019


 3                                   --                     --

                                          360,163,318.48         165,863,147.81

                                          165,863,147.81         574,736,682.87

                                          194,300,170.67         -408,873,535.06


     2




                                          360,163,318.48         165,863,147.81

                                               194,612.57            203,687.99

                                          359,968,705.91         165,659,459.82

                                          360,163,318.48         165,863,147.81


49




                                           45,299,760.49


                                           60,427,977.90

                                          105,727,738.39    --


50

     1




                --                                  --

                      240,082.91      6.9762                        1,674,866.40



                            0.14      0.8958                                0.13

                     3,281,314.00     0.064086                       210,286.29

                --                                  --

                      327,541.20      6.9762                        2,284,992.92




                                    156
              2019




                     --                               --




                          4,568,252.00     0.064086         292,761.00



                           137,474.00      6.9762           959,046.12

                           125,968.97      7.8155           984,510.49

                          5,403,961.33     0.8958          4,840,868.56

                      56,663,000.00        0.064086        3,631,305.02



                          4,834,590.00     0.064086         309,829.53



                          1,271,696.00     0.064086          81,497.91



                          3,843,520.00     0.064086         246,315.82


    2




Liande JR&D




1

    1




                                         157
                                 2019




                             9                             100.00%


                   401



                                                            99.00%   1.00%
                 189     9



                                                           100.00%
                 217A


    Liande JR&
                                                           100.00%
    D
                 2014


2

     1



                                        /                              /

                                            --                             --

                                                 11,882,922.57                  12,373,702.52

                                            --                             --

    --                                           -7,444,461.75                  -3,758,090.14

    --                                             206,475.51                      30,920.69

    --                                           -7,237,986.24                  -3,727,169.45

                                            --                             --

                                            --                             --




                                        158
                        2019




    2019   12   31




                     58.76%




1




2




                               159
                2019


3




                                                      30%



                       2019 12 13


4

    1

        /




                       4,673,350.00                                   18,592,236.25


                                                                       1,994,652.00


        /




                                                  1,510,335.13           96,067.49




    2




            100,000,000.00   2018     11     27   2019   11      27

            120,000,000.00   2018     12     19   2019   12      14

            100,000,000.00   2019     03     22   2020   03      06

             60,000,000.00   2018     11     14   2019   11      14


                                       160
                               2019


                            80,000,000.00   2018    12         17         2019     12    17

                            60,000,000.00   2019    12         17         2020     12    17

                            80,000,000.00   2018    07         06         2019     07    06

                           100,000,000.00   2019    08         01         2020     08    01

                           100,000,000.00   2018    07         31         2019     07    30

                           100,000,000.00   2019    02         21         2020     02    20



        2019   11   27   2019 12   14       2019   12     17




    3




                                                                                              60,676,700.00



    4




                                                                    2,606,480.00               2,572,200.00


5

    1




                                            573,920.98                17,217.63



    2




                                                                                 486,600.00     500,000.00



                                                         161
                                     2019



                                                                                               5,424,030.00




1




                                                                                                        0.00

                                                                                                  438,720.00

                                                                                                   30,800.00



                    2017        25            2016                  <2017                                      >
                    2017        17
                                      2017                                                 2017       17
118                        760,200                                36.48
                  2018     30               2017           2017     72,066,136
           10                                                       10        10
      1,520,400
                  2018     19                                                      2017


                                 14,000
                  2018      23                                                      2017
                                                                                     451,920
                  2019     26                                               2017
                                                                                                     30,800


                  2019      24                                            2017
                                                                          438,720


2




                                                            -




                                                                                               7,675,488.00

                                                                                                  991,081.99




                                                     162
                                           2019




1




                                                                   378,729,596.29         230,608,121.20

                                                                                            8,000,000.00

                                                                   378,729,596.29         238,608,121.20




                                                                     9,122,151.60           5,580,480.00

                                                                     2,398,500.00                      -

                                                                    11,520,651.60           5,580,480.00

        3.
        2019 12
                                 HTZ440770000XMRZ201900011
                      30,000


              2019    12    31


2

    1

             2019    12    31                                       8,905,196.00    1,785,368.00
               2019 12      31


    2




1




                                                             163
                                    2019




2



                                                                                                                14,408,747.20

                                                                                                                14,408,747.20


3

                                                                                                    HTZ440770000XMRZ201900011
                                           2020      17       2020          22
        8,250   6,750             15,000




1

    1




                    7,920,2                7,920,2   100.00                  7,816,3              7,816,3   100.00
                                 2.48%                               0.00                2.87%                           0.00
                         76.91              76.91         %                      16.91             16.91        %



                        311,94                                  295,85       264,17
                                 97.52     16,087,                                                10,881,            253,295,
                    3,451.3                          5.16%     5,765.4       6,815.1     97.13%             4.12%
                                    %      685.90                                                 742.22              072.90
                            6                                          6            2



                        311,68                                  295,60       263,92
                                 97.44     16,087,                                                10,881,            253,041,
                    9,632.3                          5.16%     1,946.4       2,996.1     97.03%             4.12%
                                    %      685.90                                                 742.22              253.90
                            6                                          6            2

                    253,81                                      253,81       253,81                                  253,819.
                                 0.08%                                                   0.10%
                          9.00                                       9.00         9.00                                    00


                                                              164
                     2019


     319,86                                    295,85       271,99
               100.00     24,007,                                    100.00   18,698,           253,295,
     3,728.2                         7.51%    5,765.4   3,132.0                         6.87%
                     %      962.81                                       %    059.13             072.90
          7                                         6           3

     7,920,276.91




1                   1,424,862.00             1,424,862.00                 100.00%



2                   1,094,640.00             1,094,640.00                 100.00%


3                    794,530.01               794,530.01                  100.00%

4                    734,200.00               734,200.00                  100.00%


5                    660,000.00               660,000.00                  100.00%


6                    509,430.00               509,430.00                  100.00%

7                    364,000.00               364,000.00                  100.00%


8                    328,890.00               328,890.00                  100.00%



9                    258,000.00               258,000.00                  100.00%


10                   195,000.00               195,000.00                  100.00%

11                   138,700.00               138,700.00                  100.00%

12                   137,360.02               137,360.02                  100.00%

13                   125,600.00               125,600.00                  100.00%

14                   108,200.00               108,200.00                  100.00%

15                   104,000.00               104,000.00                  100.00%

16                   103,000.00               103,000.00                  100.00%

17                   102,200.00               102,200.00                  100.00%

18                   100,700.00               100,700.00                  100.00%

19                    84,000.00                84,000.00                  100.00%

20                    81,600.00                81,600.00                  100.00%


21                    50,000.00                50,000.00                  100.00%


22                    50,000.00                50,000.00                  100.00%

23                    42,920.00                42,920.00                  100.00%



                                             165
                         2019


    24                   40,000.00                    40,000.00                  100.00%

    25                   34,900.00                    34,900.00                  100.00%

    26                   30,000.00                    30,000.00                  100.00%

    27                   30,000.00                    30,000.00                  100.00%

    28                   28,815.13                    28,815.13                  100.00%

    29                   25,815.81                    25,815.81                  100.00%

    30                   25,760.69                    25,760.69                  100.00%

    31                   25,600.00                    25,600.00                  100.00%

    32                   23,590.00                    23,590.00                  100.00%

    33                   20,576.13                    20,576.13                  100.00%

    34                   11,000.00                    11,000.00                  100.00%

    35                    9,680.00                        9,680.00               100.00%

    36                    9,200.00                        9,200.00               100.00%

    37                    7,700.86                        7,700.86               100.00%

    38                    3,451.73                        3,451.73               100.00%

    39                      960.00                         960.00                100.00%

    40                      780.03                         780.03                100.00%

    41                      487.00                         487.00                100.00%

    42                      127.50                         127.50                100.00%

                     7,920,276.91                   7,920,276.91            --                  --

         16,087,685.90




1                               263,744,876.76                        7,912,346.30                    3.00%

1   2                            36,353,423.13                        3,635,342.31                   10.00%

2   3                                8,440,657.70                     2,532,197.31                   30.00%

3   4                                1,993,839.45                      996,919.73                    50.00%

4   5                                 729,775.36                       583,820.29                    80.00%

5                                     427,059.96                       427,059.96                    100.00%

                                311,689,632.36                       16,087,685.90         --




                                                    166
                        2019


    1               1                                                          263,744,876.76

    1       2                                                                   36,353,423.13

    2       3                                                                    8,440,657.70

    3                                                                           11,324,770.68

        3       4                                                                1,993,839.45

        4       5                                                                 729,775.36

        5                                                                        8,601,155.87

                                                                               319,863,728.27




        2




            1                  106,531,913.57                         33.31%     3,195,957.41
            2                   26,532,405.68                         8.30%       795,972.17
            3                   23,734,704.96                         7.42%       712,041.15
            4                   15,560,421.04                         4.86%       466,812.63
            5                   15,525,092.28                         4.85%       881,107.46
                               187,884,537.53                         58.74%


2




                                                      41,608,660.67             12,710,434.20

                                                      41,608,660.67             12,710,434.20


        1

1




                                                      34,252,198.80              7,842,198.80

                                                       3,572,900.00              1,210,800.00

                                                       2,424,005.00              2,174,999.00


                                                167
                                          2019


                                                              1,119,868.23                 1,149,333.90

                                                                  482,673.42                456,431.41

                                                                  215,439.08                180,350.60

                                                             42,067,084.53                13,014,113.71


2




                                  12
                                                 (            )           (           )

    2019            1    1         303,679.51                                               303,679.51

    2019            1    1
                                   ——              ——                      ——       ——


                                   154,744.35                                               154,744.35

    2019            12       31
                                   458,423.86                                               458,423.86




    1                        1                                                            32,785,488.10

    1       2                                                                              3,335,537.75

    2       3                                                                              3,527,225.00

    3                                                                                      2,418,833.68

        3       4                                                                          1,070,685.88

        4       5                                                                          1,098,200.00

        5                                                                                   249,947.80

                                                                                          42,067,084.53


3




                                                       168
                                  2019


                                             25,400,000.00         1
                                                                                              61.85%
                                              620,340.00               1-2

                                             1,010,000.00          1

                                             1,800,000.00              1-2

                                             3,050,000.00              2-3
                                                                                              19.57%
                                             1,050,000.00              3-4

                                             1,077,400.00              4-5

                                              244,458.80           5


                                             3,435,600.00          1                          8.17%                  103,068.00


                                              43,000.00            1
                                                                                              1.88%                  76,210.00
                                              749,200.00               1-2

                                              611,100.00           1                          1.45%                  18,333.00

                         --                  39,091,098.80               --                   92.92%                 197,611.00


3




            146,597,785.31                            146,597,785.31         135,597,785.31                          135,597,785.31


             12,732,569.26          1,044,609.26       11,687,960.00          12,299,902.73                           12,299,902.73


            159,330,354.57          1,044,609.26      158,285,745.31         147,897,688.04                          147,897,688.04


    1




                                                                                                             (
        (           )                                                                                        )




                              11,000,000.0                                                        15,000,000.0
        4,000,000.00
                                         0                                                                       0




            990,000.00                                                                                 990,000.00




                                                             169
                                           2019



                        130,000,000.                                                            130,000,000.
                                 00                                                                      00


    LiandeJR&
                         607,785.31                                                              607,785.31
    D

                        135,597,785.   11,000,000.0                                             146,597,785.
                                 31               0                                                      31


    2




                (                                                                                              (


                    )                                                                                              )




           12,299,          3,522,8               -3,172,   82,590.                   -1,044,             11,687,           1,044,6
           902.73             23.60               747.27        20                    609.26               960.00            09.26



           12,299,          3,522,8               -3,172,   82,590.                   -1,044,             11,687,           1,044,6
           902.73             23.60               747.27        20                    609.26               960.00            09.26

           12,299,          3,522,8               -3,172,   82,590.                   -1,044,             11,687,           1,044,6
           902.73             23.60               747.27        20                    609.26               960.00            09.26


4




                                       684,671,630.85           449,718,551.26       659,176,310.78            432,824,391.30

                                         3,965,730.16                 2,165,671.96     4,415,416.12                    3,774,281.67

                                       688,637,361.01           451,884,223.22       663,591,726.90            436,598,672.97




                                                                      170
    2019


5




                              -3,172,747.27               -1,577,035.85

                                                          1,499,844.91

                              -3,172,747.27                 -77,190.94




1




                                -40,537.95



                              5,330,761.84



                                678,370.08


                                548,288.50

                              1,022,532.37

                              5,494,350.10           --

                  1    ——
       1   ——




2




                                              /                   /


                            12.88%            0.56                0.56



                            12.01%            0.53                0.53




                      171
2019




             2020   20




       172