[中报]光峰科技:2021年半年度报告（英文版）
原标题:光峰科技:2021年半年度报告（英文版） Stock Code: 688007 Stock Short Name: Appotronics Appotronics Corporation Limited 2021 Semiannual Report 本报告为深圳光峰科技股份有限公司自愿披露的《2021年半年度报告（英文版）》， 对本报告的中英文版本理解上发生歧义时，以中文版本为准。 2021 Semiannual Report is voluntarily disclosed by Appotronics Corporation Limited, and if the meaning of the translated version is different than the Chinese version, the Chinese version will control. Important Note I. The Board of Directors, the Board of Supervisors, directors, supervisors and senior officers of the Company hereby warrant that the information contained in this Semiannual Report is true, accurate and complete and this Semiannual Report is free from any misrepresentation, misleading statement or material omission, and agree to assume joint and several liability for this Semiannual Report. II. Alert of significant risks The Company has described in detail the risks that may exist in the production and operation of the Company in this Report. Refer to “Section III Discussion and Analysis of the Management – V. Risk factors” for the relevant risks. We draw the attention of investors to such risks in making investments. III. All directors of the Company attended the meeting of the Board of Directors. IV. This Semiannual Report has not been audited. V. BO Lianming, Principal of the Company, WANG Yingxia, Chief Accountant and LIU Jie, Person in Charge of the Accounting Body (Accounting Officer) hereby represent that: the financial statements contained in this Semiannual Report are true, accurate and complete. VI. Profit distribution proposal or proposal for capitalization of capital reserve approved by the resolutions of the Board of Directors during the reporting period None VII. Is there any material event concerning any special arrangement of corporate governance? □ Applicable√ N/A VIII. Risk statement regarding forward-looking statements √ Applicable□ N/A The forward-looking statements contained herein regarding the future plans, development strategies or other matters of the Company do not constitute any substantive covenant made by the Company to the investors. The investors should be aware of the risk of investment. IX. Is there any non-operational occupation of funds by the controlling shareholder or its affiliates? No X. Is there any external guarantee provided in contravention of the stipulated decision-making procedure? No XI. Are the majority of the directors unable to guarantee the truthfulness, accuracy and completeness of the Semiannual Report disclosed by the Company? No XII. Others □ Applicable√ N/A Table of Contents Section I Definitions ................................ ................................ ................................ ........................... 4 Section II Company Profile and Financial Highlights ................................ ................................ ......... 5 Section III Discussion and Analysis of the Management ................................ ................................ ...... 9 Section IV Corporate Governance................................ ................................ ................................ ....... 33 Section V Environment and Social Responsibilities ................................ ................................ .......... 37 Section VI Significant Matters ................................ ................................ ................................ ............ 40 Section VII Changes in Shares and Shareholders ................................ ................................ ............... 644 Section VIII Preferred Shares ................................ ................................ ................................ .............. 699 Section IX Bonds ................................ ................................ ................................ .............................. 699 Section X Financial Report ................................ ................................ ................................ .............. 699 List of Documents Available for Inspection Financial Statements with seals and signatures of Principal of the Company, Chief Accountant and Person in charge of the Accounting Body (Chief Officer) All original documents and announcements of the Company publicly disclosed in the websites designated by the Company as of the reporting period Section I Definitions For purpose of this report, unless the context otherwise requires, the following terms shall have the meanings indicated below: Terms Company or Appotronics means Appotronics Corporation Limited Appotronics Ltd. means Appotronics Corporation Ltd., the former name of the Company CINEAPPO means CINEAPPO Laser Cinema Technology (Beijing) Co., Ltd. Fengmi means collectively, Chongqing Fengmi and its subsidiary Beijing Fengmi Beijing Fengmi means Fengmi (Beijing) Technology Co., Ltd. Chongqing Fengmi means Fengmi (Chongqing) Innovative Technology Co., Ltd. Appotronics HK means Appotronics Hong Kong Limited Appotronics Daye means Shenzhen Appotronics Daye Investment Partnership (LP) Appotronics Deye means Shenzhen Appotronics Deye Consulting Partnership (LP) Appotronics Hongye means Shenzhen Appotronics Hongye Investment Partnership (LP) Blackpine means Blackpine Investment Corp. Ltd. Jinleijing means Shenzhen Jinleijing Investment Limited Partnership (LP) Appotronics Chengye means Shenzhen Appotronics Chengye Consulting Partnership (LP) Dangbei means Hangzhou Dangbei Network Technology Co., Ltd. Delta Electronics or Delta means Delta Electronics, Inc. CINIONIC means Cinionic Limited (previously known as Barco Cineappo Limited) GDC BVI means GDC Technology Limited (British Virgin Islands) GDC Cayman means GDC Technology Limited (Cayman Islands) FDP means Feng Dynamic Page, dynamic page architecture developed independently by Appotronics DCI means Digital Cinema Initiatives of the United States AR means Augmented Reality DLP means Digital Light Processing PCT means Patent Cooperation Treaty Section II Company Profile and Financial Highlights I. Company profile Chinese name 深圳光峰科技股份有限公司 Short name in Chinese 光峰科技 English name Appotronics Corporation Limited Short name in English Appotronics Legal representative BO Lianming Registered address 20-22/F, Hi-tech Zone Union Tower, No. 63 Xuefu Road, Yuehai Street, Nanshan District, Shenzhen Historic changes of registered address of the Company 1. On October 24, 2006: Room 10, F/14, Fangda Building, Keji South 12 Road, South Area, High-tech Zone, Nanshan District, Shenzhen 2. On September 6, 2007: No. 03, 17/F, Overseas Students Venture Building, South Area, Nanshan District, Shenzhen 3. On June 7, 2011: Area A, 1/F, Xili Wenguang Industrial Zone, Nanshan District, Shenzhen 4. On October 24, 2012: Room 401, Shenzhen Integrated Circuit Design and Application Industrial Park, South Side of Chaguang Road, Xili Town, Nanshan District, Shenzhen 5. On December 14, 2017: 21-22/F, Hi-tech Zone Union Tower, No. 63 Xuefu Road, Yuehai Street, Nanshan District, Shenzhen 6. On August 1, 2018: 20-22/F, Hi-tech Zone Union Tower, No. 63 Xuefu Road, Yuehai Street, Nanshan District, Shenzhen Office address 20-22/F, Hi-tech Zone Union Tower, No. 63 Xuefu Road, Yuehai Street, Nanshan District, Shenzhen Postal code of office address 518052 Website http://www.appotronics.com [email protected] Reference to changes during the reporting period N/A II. Contact person and contact information Board Secretary (Domestic representative for information disclosure) Securities affairs representative Name YAN Li CHEN Yasha Address 20-22/F, Hi-tech Zone Union Tower, No. 63 Xuefu Road, Yuehai Street, Nanshan District, Shenzhen 20-22/F, Hi-tech Zone Union Tower, No. 63 Xuefu Road, Yuehai Street, Nanshan District, Shenzhen Telephone 0755-32950536 0755-32950536 Facsimile 0755-86186299 0755-86186299 [email protected] [email protected] III. Description of changes to the media for information disclosure and place for keeping semiannual reports Designated newspaper for information disclosure China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily Websites for publishing the semiannual reports www.sse.com.cn Place for keeping the semiannual reports Office of the Board of Directors Reference to changes during the reporting period N/A IV. Stock and depository receipts of the Company (I) Stock of the Company √ Applicable□ N/A Stock of the Company Type of stock Stock exchange and board Stock short name Stock code Former stock short name A-shares Shanghai Stock Exchange, STAR Market Appotronics 688007 N/A (II) Depository receipts of the Company □ Applicable√ N/A V. Other related information □ Applicable√ N/A VI. Main accounting data and financial highlights of the Company (I) Main accounting data Unit: Yuan Currency: RMB Main accounting data During the reporting period (Jan. - Jun.) Prior period Change over the prior period (%) Operating income 1,104,689,243.59 716,025,207.34 54.28 Net profit attributable to shareholders of the listed company 151,413,920.79 14,327,442.96 956.81 Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss 66,961,936.08 -30,232,495.13 N/A Net cash flow from operating activities 170,659,313.90 63,006,061.80 170.86 At the end of the reporting period At the end of the prior year Changes at the end of the reporting period from the end of the prior year (%) Net assets attributable to shareholders of the listed company 2,324,476,282.79 2,091,599,671.75 11.13 Total assets 3,651,135,378.47 3,226,204,326.69 13.17 (II) Financial highlights Financial highlights During the reporting period (Jan. - Jun.) Prior period Change over the prior period (%) Basic earnings per share (RMB/share) 0.33 0.03 1,000.00 Diluted earnings per share (RMB/share) 0.33 0.03 1,000.00 Basic earnings per share after deduction of non-recurring profit or loss (RMB/share) 0.15 -0.07 N/A Weighted average return on net assets (%) 6.89 0.72 +6.17 percentage points Weighted average return on net assets after deduction of non-recurring profit or loss (%) 3.05 -1.52 +4.57 percentage points Proportion of R&D investments to 8.61 12.19 -3.58 percentage operating income (%) points Explanation about the main accounting data and financial highlights √ Applicable□ N/A 1. During the reporting period, the operating income increased by 54.28% year on year, primarily due to the rapid growth of the household business revenue and the basic recovery of cinema business revenue. 2. During the reporting period, the net profit attributable to shareholders of the listed company increased by 956.81% year on year; the basic earnings per share and diluted earnings per share increased by 1000.00% and 1000.00%, respectively; and the net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss increased by RMB 97.1944 million from corresponding periods of last year, primarily due to the following: (1) the Company’s revenue increased by 54.28% year on year, the business structure optimized, the overall gross margin increased by 8.49% year on year, the cinema business resumed its high gross margin, and the gross margin of the large venue and business education increased; and (2) during the reporting period, the year-on-year increase in non-recurring profit or loss was primarily due to the increase in the government grants recognized in the profit or loss for the current period and recognition of the performance compensation of the participating company. 3. Net cash flow from operating activities increased by 170.86% year on year, primarily due to the increase in revenue and in sales receipts. VII. Differences in accounting data under Chinese Accounting Standards and Oversea Accounting Standards □ Applicable√ N/A VIII. Items and amounts of non-recurring profit or loss √ Applicable□ N/A Unit: Yuan Currency: RMB Item of non-recurring profit or loss Amount Note (if applicable) Gain or loss on disposal of non-current assets 2,048,154.10 Government grants recognized in profit or loss for the current period (excluding government grants that are closely related to the business of the Company and are provided in fixed amount or quantity continuously according to the applicable polices and standards of the country) 71,808,211.32 VII. 84 of Section X Profit or loss on entrusted investments or assets management 2,145,923.39 Net profit or loss of subsidiaries from the beginning of the period up to the business combination date recognized as a result of business combination of enterprises involving enterprises under common control 11,386,216.47 Profit or loss on changes in the fair value of 38,175,900.00 VII. 70 of Section X held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities and derivative financial liabilities and investment income on disposal of held- for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, derivative financial liabilities and other debt investments, other than those used in the effective hedging activities relating to normal operating business Other non-operating income and expenses 501,309.74 Other gains or losses meeting the definition of non-recurring profit or loss 571,819.78 Effect of minority interests -24,952,896.18 Effect of income taxes -17,232,653.91 Total 84,451,984.71 IX. Explanation about performance indicators not under the Accounting Standards for Business Enterprises □ Applicable√ N/A Section III Discussion and Analysis of the Management I. Industry and main business during the reporting period 1. Main business As a leading laser display technology enterprise in the world, the Company mainly engages in the research, development, production and sales of laser display core devices and complete equipment and application of laser display technology to different scenarios based on ALPD. laser display technology and architecture, and provides laser cinema projection services. Since its innovative invention of the ALPD. technology in 2007, the Company has created new laser display architecture, built core intellectual properties, and mastered the designing and manufacturing of core devices. It has upgraded the ALPD. technology continuously, and relying on the advanced ALPD. technology, promoted the industrial applications of laser display, and gradually extended the application of laser display from laser cinema projection and other high-end applications to large venue, business education, household market and other display applications. Laser smart mini projector Laser education projector Outdoor venue solutions Appearing on CCTV Spring Festival Gala, and lighting up the night of the Forbidden City on Chinese Lantern Festival Laser TV 2020 IF design award 60000lm The brightness of complete equipment suppresses the industry Laser venue projector 60000 lumens disruptive product C5 passed the DCI certification, making China the fourth country in the world capable of developing and manufacturing digital cinema projectors that comply with DCI specifications Laser cinema projection device 20000+ units installed around the world ALPD. laser display technology furthers the growth of display applications C:\Users\APPO\AppData\Local\Temp\WeChat Files\ecb0d654a444b72c74e18c884afa222.jpg Figure 1: ALPD. laser display technology and its application and development 2. Main products and services The Company engages in sales of products and provision of laser cinema projection services, etc. Its diversified products may be classified into core laser display devices and complete laser display equipment. Wherein the core devices can be further classified into laser light source (cinema light source and large venue light source), laser TV light generator, laser mini projection light generator and flexible laser display screen, and complete laser display equipment can be further classified into laser cinema projector, large venue laser projector, laser video wall, laser education projector, laser TV and smart mini projector. 2.1 Products of core devices The Company’s core devices, including the laser light source, light generator and flexible screen, reflect various advantages and characteristics of ALPD. technology, such as high brightness, wide color gamut, high contrast and low cost. The quality and performance of such products have received recognition of downstream customers, which helps the Company establish its position as a core supplier on the industry chain of laser display. Figure 2: Laser light source and laser light generator 2.2 Products of complete equipment On the basis of laser light source and light generators, the Company has further developed complete equipment, which has been widely used in household and other commercial applications. 2.2.1 Products for the household market In recent years, laser TV, smart mini projector and other household projector products have been developing rapidly, due to the ever increasing acceptance of the new mode of movie watching by the consumers, and rapid decrease of the costs and prices and better performance of products. The Company’s household products have a leading market share, and the household business has grown rapidly. 100 inch flexible Fresnel screen embedded C:\Users\APPO\AppData\Local\Temp\WeChat Files\fa90f676ba819d36eac3ee23ae877f0.jpg Figure 3: Cinema 2, the New Product of Fengmi Laser TV 2.2.2 Products for the commercial market - In the field of cinema projection, the Company has created a product portfolio of laser cinema light sources covering multiple ranges of lumens from 5,000 lumens to 55,000 lumens, which are compatible with many projection equipment brands on the market for wide application in large-, medium- and small- sized cinemas. Thanks to the low operating power, the laser cinema light source reduces electricity consumption by 50% compared with the xenon lamp; moreover, since no bulb replacement is required, it helps cinemas to minimize their operating costs. As of the date when this Report is released, the Company has over 23,000 laser cinema light sources installed throughout China. - In the field of large venue display market, Appotronics’s large venue projector series covers the range of 5,000-60,000 lumens, hence suitable for outdoor lighting, cultural and tourism lighting, theme exhibition halls, corporate exhibition rooms, theater performance, 4D dining hall, conference control, rail transit, and other scenarios, and has such advantages as no damage to the landscape, convenient installation and disassembly, and the repeated use in different places. - In the field of business education, the Company’s laser business education projector series covers ultra short, short and long throws and a range of 3,300-6,000 lumens, hence broadly suitable for education, business display and other scenarios. The Company has developed a series of solutions for smart classrooms and business display, including laser smart all-in-one teaching device, laser synchronous classroom solution, laser interconnected dual-board solution, high-definition high-brightness conference system, etc. 2.3 Laser cinema projection services CINEAPPO, a controlled subsidiary of the Company, provides laser cinema projection services to downstream cinema customers (“laser as a service”), and charges service fees according to the length of use of light source by the cinemas (the fees are charged by the hour or a certain period of time), while the cinemas do not need to purchase light source equipment, thereby effectively easing their capital pressure and reducing their labor and maintenance costs. 3. Industry in which the Company operates 3.1 Development stage, basic characteristics and main technical barriers of the industry The laser display is emerging and in the early stage of rapid growth; the application of laser display technology in household products is a wholly new creation with huge market potential. Currently, picture display technologies are mostly implemented by using DLP, 3LCD, and LCOS display chips as the picture modulator, achieving greatly different actual display effects depending on the light source. In 2007, the ALPD. technology created by Appotronics’s R&D team made a breakthrough in the application of core devices and imaging solutions of laser display, hence becoming the mainstream technical route for the laser projector industry and widely used in movie, TV, business education, and large venue fields. In terms of core technologies, certain companies in the industry may face the problems of lack of R&D capability and core technology, and reliance on supply chain for core patents and core devices, rendering them unable to compete with leading domestic or international companies that have their proprietary IP or core technologies and core devices. In terms of specific applications, the technical barriers for To C market are high efficiency, small size and low cost, and the technical barriers for To B market are continuous upgrading of performance. 3.2 Analysis of the position of the Company in the industry and changes therein As a new generation of display technology, the laser display technology has a wide range of market applications by virtue of high brightness, long life, wide color gamut, and energy saving and environmental protection. In addition to being used in the traditional display field, it can also be applied in other fields such as aviation, automotive and AR, with an increasingly important position in the display field. At the beginning of the industrialization of laser display technology, as one of the leading companies in the field of laser display, Appotronics has mastered core technologies. After multiple iterations, the ALPD. technology has gained relatively solid technical advantages in terms of performance, cost, efficiency and size. The Company has not only created the fundamental key architecture for laser phosphor display technology, but also built a proprietary IP protection system through patent layout in China, the United States, Japan, Europe and other countries. According to the Research Report on Chinese Laser Projector Market 2020 issued by AVC, blue laser + phosphor powder technology architecture, represented by ALPD., is the mainstream light source technical route for the laser display industry at present. On the principle of being open for cooperation and striving for win-win development, Appotronics has become a leading supplier of core devices in the laser display industry based on its intellectual property rights and core devices, hence driving the development of the entire industry and ecology. II. Core technologies and progress in R&D of technologies 1. Core technologies and their advancement, and changes during the reporting period The Company has been committed in the breakthroughs, innovations, expansion of application scenarios and industrialization of laser display technology, and created technology reserves and patent portfolios covering the whole technology chain of laser display from key system architecture, core devices to key algorithm. With the ALPD.4.0 technology matured and the ALPD. 5.0 and 6.0 technology under development and trial operation at the same time, the Company constantly maintains its leading advantages compared with followers and competitors in the industry. As a Leader Level Member of the Laser Illuminated Projector Association (LIPA), the Company has participated in and led the preparation of the international laser display standard. The Company has poured substantial R&D resources in micro- & nano- optical structure technology, light source architecture, complete equipment structure, machine perception and the preparation and processing of thin film materials. The big data, algorithm and design solutions accumulated by the Company over the years will enable it to rapidly develop products and solutions meeting the requirements of different application scenarios, such as cinema projection, home entertainment, outdoor exhibition, ultra large-sized display, and immersive display. In terms of cutting-edge technologies, the ALPD 5.0 technology will make use of the characteristics of laser with reference to the creation of content to achieve high dynamic range display and improve visual experience. The ALPD 6.0 is planned to make breakthrough in the existing display architecture to further reduce the cost of laser display systems. ALPD.5.0 principle prototype has been successfully developed, and by now, the Company is conducting further optimization. This technology has the prospect of entering the stage of product development. 2. R&D achievements during the reporting period During the reporting period, the Company made the following achievements in technology and product innovation: 1. Core devices During the reporting period, the Company completed the development and mass production introduction of a full range of products based on ALPD 4.0, including the laser cinema light source platform covering 10,000-50,000 lumens and the compatible three-color, two-color and monochromatic laser TV light generator platform, hence providing more abundant and more competitive solutions of core devices for the cinema industry and the laser TV industry. Meanwhile, in terms of smart mini projectors, the Company developed various laser mini projection light generators suitable for different product forms and different performance parameters, which greatly upgrade the brightness and energy efficiency while improving color effects. During the reporting period, the Company introduced many new customers including Dangbei, and provided them with core devices of the laser mini projection light generator. The Company made further breakthroughs and innovations in flexible laser display screen and successfully developed three products: (1) ultra short throw diaphragms for speckle reduction used in three-color laser projectors, achieving speckle reduction contrast below 10%, taking the lead in the industry; (2) ultra short throw diaphragms with high contract, with an opacity of more than 95%, superior to 85% of competitive products in the industry, which can greatly reduce the effect of ambient light; (3) high-gain direct projection anti-light screens with the smart mini projector, achieving the 2.5x high-gain factor and the ambient light obscuring rate of 80%, which supports the projection effect of the projection device to increase the brightness by 2.5 times, and achieves a viewing angle close to 180 degrees as compared to projecting on a white wall. 2. Complete equipment The Company developed high-, medium-, and low-end laser TV products to cater for different user demands on the household market. Having the highest brightness of 4,000 lumens, covering the REC.709, DCI, and REC.2020 color gamuts, and with the maximum color gamut area of 158% NTSC, its products are at the highest level in the industry. During the reporting period, Fengmi as the subsidiary launched a new laser TV product, Cinema 2, which has a 10% increase in screen brightness compared to the previous generation, has a 4K resolution and can project 80-150 inches of super-large screens. In the business field, the Company newly developed S4 product with less than 10cm of a slim body and a light weight of less than 9.2kg, can produce 5,000-6,000 lumens of brightness and 4K resolution, and also present high-quality projection images in bright environment and project 300 inches of super- large screen at largest. This product is cost-effective. Based on the compact modular body of S4 platform and in conjunction with the one-button automatic stacking system, this product can achieve more brightness, larger screen and more free application. As the first Chinese enterprise independently researching and developing 3DLP high-lumen large venue projectors, during the reporting period, the Company launched the T series of high-brightness large venue projectors adopting a high-efficiency liquid cooling system and 3DLP imaging technology to achieve 33,000 lumens of high brightness. At present, this is the world’s smallest and lightest large venue projector with the same brightness range. The multi-picture splicing and fusion system is embedded in it. In addition, it has 120Hz refresh rate to support constant brightness mode, can be configured with more than 6 motorized lenses and support 360-degree installation, easy to use. 3. Software During the reporting period, the Company’s Feng OS system completed a total of 7 iterations, achieving an extremely fast boot in 6 seconds. Currently, its 12 mass-produced household products are equipped with this system, and complete FDP dynamic engine upgrade. During the reporting period, Feng OS system completed the broadcast of large-scale programs such as the European Cup. At present, its penetration rate of paid members takes the lead in the industry, and the Company has completed in-depth processing of 20,000 film and television works and 20,000+ film and television characters in aggregate, providing strong support for improving effect of large-screen display. The Company implemented an omnidirectional automatic correction algorithm, which is suitable for a variety of models such as the projector Vogue Pro, and adds intelligent auxiliary functions such as automatic obstacle avoidance and screen alignment to the Vogue Pro model. The Feng OS system adds machine recommendation algorithms to more pages, making it easier for users to discover their personalized preferences faster and more accurately. List of intellectual property rights acquired during the reporting period Increase Total Applications (pcs) Granted (pcs) Applications (pcs) Granted (pcs) Patent for invention 79 82 1,397 684 Patent for utility model 46 23 470 413 Patent for design 10 10 161 147 Software copyright 6 12 100 99 Others 77 73 914 725 Total 218 200 3,042 2,068 Notes: 1. The “others” showed in the above table refers to the Company’s trademarks; 2. During the reporting period, the Company filed 38 PCT international patent applications, totaling 193 valid PCT international patent applications. 3. R&D investments Unit: Yuan Current period Previous period Change (%) R&D investments expensed 95,128,483.66 87,295,450.75 8.97 R&D investments capitalized 0.00 0.00 N/A Total R&D investments 95,128,483.66 87,295,450.75 8.97 Proportion of R&D investments to operating income (%) 8.61 12.19 -3.58 percentage points Proportion of R&D investments capitalized (%) 0.00 0.00 N/A Reason for the material change in the total R&D investments compared with last year □ Applicable√ N/A Reasons of the great change in the proportion of R&D investments capitalized and explanation about the rationality thereof □ Applicable√ N/A 4. R&D projects √ Applicable□ N/A Unit: Yuan No. Item Estimated total investment Investment in the current period Aggregate investment Progress or interim results Goals Technological level Application scenario 1 Key Enterprise Laboratory for Laser Display in Guangdong Province 34,000,000.00 17,641,241.08 33,682,138.89 Mass production Development of laser phosphor display optical engine, high- performance fluorescent materials and fluorescent components, portable laser display technology, and laser display technology with high contrast and high color reproduction. The development of key laser display technology and devices based on laser phosphor technology takes the lead in the industry. Through transformation of lab R&D results, develop multiple laser display terminal products, and promote the development of the entire display industry chain. 2 Light source and light generator as core devices 65,700,000.00 14,934,483.41 14,934,483.41 Some products have completed mass production, and new products are being updated Use technical advantage of ALPD.4.0 to achieve the mass production of light generators and cinema light source with lower cost, higher color gamut and brightness and smaller size. Research and develop the next generation of ALPD. laser display technology with high brightness and high Take the lead in the industry; the cost effectiveness, color gamut, light effect, and other performance are greatly improved. Upgrading of light source for small- sized cinema projectors, laser TV, laser mini projector and other fields. dynamic range at the same time. 3 Laser cinema projector 28,140,000.00 18,633,001.19 18,633,001.19 Some products have completed mass production, and new products are being updated Research and develop a low-cost and DCI- compliant laser cinema projector that meets high-end home use. The proprietary DCI-compliant cinema projector in China that meets high-end home use. DCI-compliant small cinema projector that targets the high- end home use. 4 Laser TV 74,200,000.00 26,789,778.55 26,789,778.55 Some products have completed mass production, and new products are being updated With a new generation of light generator technologies and the independently developed FengOS system and screen, achieve great improvement in cost effectiveness, color gamut and ease of use. Take the lead in the industry. 4K household laser TV. 5 High- performance mini projector 50,910,000.00 4,269,920.88 4,269,920.88 Some products have completed mass production, and new products are being updated Provide high- performance and cost- effective laser mini projector Take the lead in the industry. Household mini projector market. 6 Other complete equipment 48,250,000.00 7,536,415.62 7,536,415.62 Some products have The automatic stacking scheme renders the linear superposition of Take the lead in the industry. High-end large venue, business (large venue + business education) completed mass production, and new products are being updated brightness and cost to achieve a leading technical advantage and cost-effective advantage on the market when the product is applied to high-lumen use scenes. education and other fields. 7 Screen 11,980,000.00 1,460,440.44 1,460,440.44 Some products have completed mass production, and new products are being updated Reduce costs and improve performance on the basis of the first flexible Fresnel anti- light screen Fabulus. Take the lead in the industry, superior to the products in the field. With existing display products, it can be applied in a variety of scenarios. 8 Trichromatic Laser Display Complete Equipment Production Demonstration Line 102,840,000.00 3,863,202.49 28,398,309.83 Pilot test This project will research the industrialization of the technology of RGB trichromatic laser with phosphor to satisfy the market demands for RGB trichromatic laser display, build a mass production line for trichromatic laser display complete equipment, acquire proprietary IP, and realize large-scale application of This project will greatly promote the industrial upgrading of trichromatic laser display technology, and gain international competitive edge for proprietary （未完）  |