[年报]深纺织Ｂ(200045):2025年年度报告摘要（英文版）
(Holdings)Co.,Ltd. I.Importantnotes Thesummaryoftheannualreportisextractedfromthefulltextoftheannualreport.InordertofullyunderstandtheCompany'soperatingresults,financialstatusandfuturedevelopmentplans,investorsshouldcarefullyreadthe fulltextoftheannualreportonthemediadesignatedbytheCSRC. Alldirectorsattendedtheboardmeetingatwhichthisreportwasconsidered.Promptofamodifiedreport □Applicable?Notapplicable ProposedprofitdistributionplanortheproposalforcapitalizationofreservestoincreasesharecapitalforthereportingperioddeliberatedbytheBoardofDirectors ??Applicable ?Notapplicable Whethertoconvertcapitalreservestocapitalshares ?Yes?No TheBoardhasapprovedafinaldividendplanasfollows:basedonthetotalsharecapitalof506,521,849shares,acashdividendofRMB0.48(taxinclusive)per10sharesistobedistributedtotheshareholders,withnobonusissuefromeitherprofitorcapitalreserves. ProposedprofitdistributionplanforpreferredsharesforthereportingperiodresolvedbytheBoardofDirectors□Applicable?Notapplicable II.BasicinformationoftheCompany 1.Companyprofile
TheCompany'smainbusinessisahigh-techindustryfocusingontheR&D,productionandsalesofpolarizersforDuringthereportingperiod,therewasnosignificantchangeintheCompany'sprimarybusiness.First,theCompanyactivelyadjusteditsproductstructure,implementedaproductdifferentiationstrategy,andincreasedthe sales proportion of high-value-added products. It has the sales volume of ultra-large-size (85" and above) polarizerssurgedsignificantly;second,theCompanymadeeveryefforttoovercomequalityproblems,improvecustomersatisfaction,reduceproductreturnlossesandmanagementcosts,andatthesametime,playedasales-drivenroletopromotesalesbyproduction,andtheproductionandsalesvolumerepeatedlyhitarecordhigh;third,the Company strengthened lean management, effectively reduced the raw material losses, and saved the production costs; fourth, the Company strengthened the innovation-led drive, focused on key technology breakthroughs, promoted the development and industrialization of cutting-edge products, and successfully achievedthedevelopmentandfirstdeliveryofVA-typehigh-transmittanceandhigh-polarization2.0polarizers;fifth,theCompanyinitiatedtheinvestmentandconstructionoftheLine8projecttobreakthroughtheproductioncapacity bottleneckformid-to-high-end products;sixth,the Companyactivelypromotedtheelimination ofenterpriseswith"non-mainbusinessassetsnon-dominantbusinessassets,inefficientassetsandineffectiveassets", improvedthemechanismforsurvivalofthefittestenterprises,guidedtheconcentrationofresourcestothecorebusiness,andenhancedtheefficiencyofresourceutilization;seventh,theCompanystrengthenedsupervisionandmanagement,focusedonworksafety,improvedtheinstitutionalsystem,formulatedemergencydisposalplans,enhancedsafetytrainingandeducation,carriedoutsafetyriskidentification,hiddendangerinvestigationandrectification,consolidatedtheweaklinks,andpreventedaccidents;eighth,continuouslyimprovedthequalityof propertymanagementservice,improvetenantsatisfaction,strivedtomaintaintheCompany'spropertyrentalrateatahighlevel,andensuredthestabilityoftheCompany'spropertyleasingmanagementbusinessincome.(II)MainproductsoftheCompanyandtheiruses Currently,theCompanyhas7mass-productionpolarizerproductionlines,anditsproductscoverOLEDandLCDpolarizers.TheseproductsaremainlyappliedtoproductssuchasTVs,laptops,monitors,vehicles,industrialcontrols, instruments and meters, smartphones, and wearable devices. By continuously strengthening the expansionofsaleschannelsandtheconstructionofitsownbrand,theCompanyhasbecomeaqualifiedsupplierformainstreampanelenterprisessuchasCSOT,BOE,LGD,XianyangCaihong,HKC,TianmaMicroelectronicsandSharp. ThemainproducttypesandapplicationsoftheCompany'spolarizerproductionlinesareasfollows:
Thepolarizerisalsocalledpolarizedlightsheet,whichcancontrolthepolarizationdirectionofaspecificbeam.Whenthenaturallightpassesthroughthepolarizer,thelightwiththevibrationdirectionperpendiculartothepolarizertransmissionaxiswillbeabsorbed,andonlythepolarizedlightwiththevibrationdirectionparalleltothepolarizertransmissionaxiswillbetransmitted.Thedownstreamapplicationsofpolarizersaremainlyinthepanelindustry.Accordingtodifferentpaneltypes,polarizeraremainlyclassifiedintoTNtype,STNtype,TFTtypeandOLEDtype.Currently,theglobalpolarizermarketisdominatedbyTFT-LCDpolarizers.EachLCDpanelrequirestwopolarizers. Thehigh-qualitydevelopmentofthepolarizerindustryhasaprofoundimpactontheentiredisplayindustry.Asoneofthethreecorerawmaterialsofthedisplaypanel,thedemandforpolarizerisdirectlyaffectedbythefluctuationofthedisplaypanelmarket.Inrecentyears,withtheacceleratedtransferoftheglobaldisplaypanelindustrytoChina,China'spolarizerindustryhasusheredinastageofrapiddevelopment.Theproductioncapacityandprocesstechnologylevelofdomesticpolarizermanufacturershavecontinuouslyjumped.China'spolarizerindustryhassignificantlyimproveditspositionandinfluenceintheglobalmarket.Chinesemainlandhasbecometheworld'slargestpolarizerproductionbase. TheCompanyisoneofthemainpolarizerR&D,productionandsalesenterprisesinChina.ItisthepioneerofChina'spolarizerindustry.NowithasdevelopedintoaleadingenterpriseinChina'spolarizerindustry,andhasbecomeanimportantsupplierofmainstreampanelenterprisesintheworld.In2025,influencedbymultiplefactorssuchasthecomplexandvolatileglobaleconomyandgeopolitics,thetransitionofthenational"trade-in"policy,andrisingpricesofrawmaterialslikestoragedevicesdrivenbytheAIwave,theglobaldisplaypanelandterminalmarketdemandstillexperiencesacertaindegreeoffluctuationwhilecontinuingitsslowrecovery.Inthefuture,withthecapacityexpansionandindustryconsolidationinthepolarizerindustry,itisnecessarytobemorevigilantaboutriskssuchaschangesinthecompetitivelandscape,risingrawmaterialcosts,andthesecurityofrawmaterialsupply. (IV)MarketCompetitionPattern The polarizer industry is a highly concentrated industry. At present, there are about 10 major polarizer manufacturersintheworld,mainlylocatedinChinesemainland,JapanandTaiwan.WiththecontinuoustransferofproductioncapacitytoChinaandthecontinuousexpansionofproductionbymanufacturersfromChinesemainland,Chinahasbecometheworld'slargestpolarizerproductionbase.Accordingtoresearchdatafromtheindustryinstitutions,theproductioncapacityofpolarizersinChinamainlandaccountedforabout65%oftheglobaltotalin2025,anditisexpectedtofurtherincreasetoabout75%in2026.Asthecompetitiveadvantageofultra-widepolarizerproductionlinedrivenbytherapidgrowthofdemandforlarge-sizedisplayproducts(65inchesandabove)continuouslystandsout,Chinesemainlandcontinuestomaintainitsleadingpositionintheindustry. (V)MarketpositionoftheCompany'sproducts TheCompanyisoneofthemaindomesticenterprisesintheR&D,production,andsalesofpolarizers.Itbeganitspolarizerbusinessin1995andachievedthefirstmassproductionofpolarizersinChinain1998,becomingapioneerinChina'spolarizerindustry.TheCompanyhasmasteredcoretechnologiesfortheR&DandproductionofTN/STN-LCD,TFT-LCD,andOLEDpolarizers.Itisoneofthefewdomesticpolarizermanufacturerswiththecapabilitytoproduceafullrangeofpolarizerproductsinlarge,medium,andsmallsizes.TheCompanywasthefirsttoachievemassproductionofpolarizersforOLEDTVsandOLEDmobilephones,fillingagapinthedomesticmarket. TheCompany'sLine7isoneofthefew2500mmultrawidepolarizingfilmproductionlinesintheworld,whichcanmeettheneedsofhighergenerationpanelproductionlinessuchasthe8.5/8.6/10.5/11generationglobally.Especiallymatchingtheproductionline10.5/11generationofpanelhasthebesteconomicproductionefficiency,andhasindustry-leadingadvantagesinthetechnicallevelandproductioncapacityofultralargeandlarge-sizedpolarizers. 3.Keyaccountingdataandfinancialindicators (1)MajoraccountingdataandfinancialindicatorsinthepastthreeyearsWhethertheCompanyneedstoretroactivelyadjustorrestatetheaccountingdataofpreviousyears?Yes?No Unit:RMB
Unit:RMB
relatedtotheCompany'sdisclosedquarterlyandsemi-annualreports?Yes?No 4.Sharecapitalandshareholders (I)Numberofordinaryshareholders,numberofpreferredshareholderswhosevotingrightshavebeenrestored,andshareholdingsofthetop10shareholders Unit:shares
Changesofthetop10shareholdersandthetop10shareholdersofunrestrictedtradablesharescomparedwiththepreviousperiodduetorefinancinglending/repayment □Applicable?Notapplicable (2)TotalnumberofpreferredshareholdersoftheCompanyandsharesheldbytop10preferredshareholders □Applicable?Notapplicable TheCompanyhadnopreferredshareholdersduringthereportingperiod.(3)Disclosethepropertyrightsandcontrolrelationshipbetweenthecompanyandtheactualownerinthe formofablockdiagram5.Bondsexistingontheapprovaldateoftheannualreport □Applicable?Notapplicable III.Importantmatters OnOctober15,2025,theCompanyheldthe45thmeetingofthe8thBoardofDirectors,atwhichthe"ProposalonInvestmentandConstructionof1.49m-widePolarizerProductionLineProject(Line8)byaSubsidiary"wasdeliberatedandapproved.Itisagreedthatthesubsidiary,ShenzhenSAPOPhotoelectricCo.,Ltd.,basedonthemarketdemandforpolarizersanditsowndevelopmentneeds,woulduseacombinationofitsownfundsandbankloans,withaplannedtotalinvestmentofapproximatelyRMB1.334billion,tobuildanewplantbuildingandsupporting facilities by purchasing land in Pingshan District, Shenzhen, and to purchase equipment and instrumentstoconstructa1.49m-wideLCDandOLEDpolarizerproductionlinewithadesignedcapacityofapproximately18millionsquaremetersperyear.Fordetails,pleaserefertothe"AnnouncementonInvestmentandConstructionof1.49m-widePolarizerProductionLineProject(Line8)byaSubsidiary"(No.2025-39)publishedbytheCompanyonCninfo(http://www.cninfo.com.cn)onOctober16,2025.Currently,theprojecthasobtainedthelanduseright,andALLconstructionworksareprogressinginanorderlymanner.ShenzhenTextile(Holdings)Co.,Ltd. BoardofDirectors March30,2026 中财网
 |