东旭光电科技股份有限公司 2015 年年度报告摘要
Stock code ：000413,200413 Abbreviation：Dongxu Optoelectronic, Dongxu B Announcement No.：2016-007
Summary of 2015 Annual Report of Dongxu Optoelectronic Technology Co., Ltd.
I. Important notes
The summary is abstract from full-text of annual report, for more details information , investors should found in the full-text of
annual report that published on website of Shenzhen Stock Exchange and other website appointed by CSRC.
Non-standard audit opinions Tips
□ Applicable √Not applicable
Reserve capitalization plan or Ordinary shares of the reporting period profit distribution plan examined by the Board
□ Applicable √Not applicable
Whether provident fund reserve for share capital
□ Ye s √No
The profit distribution proposal reviewed and approved by the boarding meeting was summarized as follows:
The total share of 3,385,000,526 of January 31, 2016 are the base of Company‘s total share capital., the Company would distribute
cash dividend to all the shareholders at the rate of CNY 0.70 for every 10 shares (with tax inclusive) ，0 bonus shares（including tax）
and no reserve would be converted into share capital.
Company Profile
Dongxu Optoelectronic,
Stock abbreviation Stock code 000413、200413
Dongxu B
Stock exchange for listing Shenzhen Stock Exchange
Short form of the stock after changed
Dongxu Optoelectronic, Dongxu B
(if any)
Contact person and contact manner Board secretary Securities affairs Representative
Name Gong Xin Wang Qingfei
Tel 010-68297016 010-68297016
Fax 010-68297016 010-68297016
E-mail gongxin_dx@126.com baoshixzb@126.com
II. Business and product profile in the report period
The company is primarily engaged in the development of flat panel display glass substrate and equipment, product
ion and sales, production and sales of electronic vacuum glass devices and supporting electronic components, Con
struction Engineering and Sapphire business,etc , The main products for the TFI-LCD glass substractes, glass
substrates outfit , A-frame, brick overflow, Construction Engineering and sapphire material ,etc.
LCD glass substrates are the basic components of LCD. TFT-LCD glass substrates are flat and thin glasses
and used as the upstream raw materials for the LCD panels. As one of the key basic materials in the FPD industry,
TFT-LCD glass substrates have been broadly applied in the fields of LCD TV, laptop, PC monitor and cell phone.
At the end of report period, the company has successfully finished the non-public issuing of 2015 and absorbed
Shijiazhuang Xuxin and Zhengzhou Xufei, the trustee companies, into the listed company, which have ensured 7
1
东旭光电科技股份有限公司 2015 年年度报告摘要
production lines of G5 TFT-LCD glass substrates in the company. Meanwhile, the 10 production lines of G6
(compatible with G5.5) TFT-LCD glass substrates have been constructed successfully in the subsidiary Wuhu
Photo-electricity, within which 5 lines have realized volume production and 6 are being put into trial operation. At
present, the glass substrates produced by the company have covered G5 and G6 products and been sold to
downstream customers such as IVO, BOE and Chunghwa Picture Tubes Ltd. With satisfying economic benefits,
the company has become the biggest LCD glass substrate manufacturers in the nation.
Relying on the self-developed and complete manufacturing technology of FPD glass substrates, the company
has become the only enterprise possessing overflow melting method and floating method simultaneously. With
green and environmentally friendly arsenic-free formula and key production technology including melting,
molding, cutting, transmitting, inspecting and packaging, the company has filled in the blanks of China. The
advanced technology has been applied in the production lines of TFT-LCD glass substrates and high-aluminum
cover glass in the company and the trustee companies, and the production lines are stably operated with increasing
rates of good products, mature application as well as realization of industrial scale. Based on the actual
domestication of G6 and the corresponding glass scribing and breaking machine, glass grinding machine, glass
washing machine, glass unpacking system, glass packaging system and glass logistics system, the company signed
a strategic cooperation frame agreement on equipments with BOE in 2015 for the transformation and upgrading of
equipment business.
During the report period, the company has actively expanded business through its construction and
installation subsidiaries Hebei Xubao and Sichuan Ruiyi, provided all kinds of engineering construction and
increased incomes gained from construction and installation through large-scale expansion of the business.
Acquiring 50.5% of equity in Jiangsu Jixing New Material Co. Ltd. through share acquisition and capital
increment in 2015, the company entered into the field of sapphire successfully. At present, the company has
owned complete production facility, equipment and related technology from crystal growth to the production of
substratum and diaphragm. Products cover large-sized sapphire ingot, 2-8 inch sapphire bar, 2-8 inch sapphire
substrate, optical window material, optical sheet for cell phone, crystal bar for laser cosmetology, sapphire
encapsulation for optical communication and etc. Xuzhou GAPSS OP Technology, North Microelectronics and
other partners are stable customers of the company, and satisfying economic benefits have been achieved during
the report period.
During the report period, the “G5 TFT-LCD CF production line”, which is one of the non-public
fund-raising investment projects of the company in 2015, has been kicked off. Composed of glass substrate, black
matrix color layer, covering layer and ITO conducting film, color filter belongs to the upstream materials of
TFT-LCD panel and is the key raw material to realize colorized display. The project will suit the G5 glass
substrates produced and sold by Zhengzhou Xufei and Shijiangzhuang Xuxin and promote the added value of
existing G5 glass substrates. The channel advantages of the strategic cooperation relations with major domestic
downstream panel makers such as BOE and IVO can be effectively developed and further strengthened, the
potential value of existing market channels can be explored and the market competitiveness of the company in the
TFT-LCD industry can be advanced.
FPD (flat-panel display) industry is one of the most important development projects listed in “Medium and
Long-term Development Plan for Information Industry from 2006 to 2020”. In future, relying on the independent
and advanced production technology, perfect production and management experience, powerful customer
resources and market superiority of FPD industry, the company keeps pushing forward the products optimization
and upgrading to consolidate its position as the leading enterprise in the LCD glass substrate production.
Meanwhile, by means of industrial investment and industrial integration, the product structure of the company in
the FPD industry can be constantly enriched, comprehensive competitiveness and sustainable development
capacity can be strengthened, the sustainable ability of independent innovation can be fostered and market
development ability can be promoted. Thus, the company can be built into the biggest photoelectric display
materials manufacturer in China.
III. Main financial data and changes of shareholders
1．Major accounting data and financial indicators in recent three years
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
2
东旭光电科技股份有限公司 2015 年年度报告摘要
error correction or not.
□ Yes √No
In RMB
Changes over last
2015 2014 2013
year(%)
Operating income（RMB） 4,650,208,448.10 1,600,750,745.69 190.50% 765,518,591.49
Net profit attributable to the
shareholders of the listed company 1,326,233,674.37 468,902,701.44 182.84% 195,959,827.62
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable
to the shareholders of listed 822,699,390.70 78,312,630.78 950.53% 73,813,371.40
company（RMB）
Cash flow generated by business
1,780,128,962.94 -1,017,554,188.65 274.94% -2,098,314,232.35
operation, net（RMB）
Basic earning per
0.48 0.17 182.35% 0.09
share(RMB/Share)
Diluted gains per
0.48 0.17 182.35% 0.09
share(RMB/Share)(RMB/Share)
Net asset earning ratio（%） 14.99% 6.11% 8.88% 4.41%
Changes over last
End of 2015 End of 2014 End of 2013
year(%)
Gross assets（RMB） 28,798,623,253.33 18,488,221,665.49 55.77% 15,107,436,628.17
Shareholders’ equity attributable to
shareholders of the listed company 14,319,481,941.28 7,677,125,274.36 86.52% 7,465,788,965.48
（RMB）
2．Main Financial Index by Quarters
In RMB
First quarter Second quarter Third quarter Fourth quarter
Operating income 598,858,730.43 925,383,993.47 998,678,446.79 2,127,287,277.41
Net profit attributable to the
158,271,987.10 239,442,501.57 342,173,558.44 586,345,627.26
shareholders of the listed company
Net profit after deducting of
non-recurring gain/loss attributable
34,492,437.26 173,922,577.17 108,346,857.33 505,937,518.94
to the shareholders of listed
company
Net Cash flow generated by
-58,734,373.46 858,098,231.03 531,062,382.83 449,702,722.54
business operation
Whether significant variances exist between the above financial index or the index with its sum and the financial
index of the quarterly report as well as semi-annual report index disclosed by the Company.
□ Yes √No
IV. Shareholders and actual controlling shareholder
1. Form of the number of common shareholders and preferred shareholders voting rights restored and
the top 10 shareholders In Share
Total number Total The total number o Total
of common shareholders at f preferred shareho preferred shareh
shareholders at 212,702 the end of the lders voting rights 0 olders at the end 0
the end of the month from the restored at period-e of the month
reporting date of disclosing nd from the date of
3
东旭光电科技股份有限公司 2015 年年度报告摘要
period the annual report (if any)(See disclosing the
Notes 8) annual report(if
any)(See Notes
8)
Particulars about shares held above 5% by shareholders or top ten shareholders
Proportio Number of Number os share
Shareholders Changes in Amount of Amount of pledged/frozen
Nuture of n of shares held
reporting restricted un-restricted
shareholder shares at period State of
period shares held shares held Amount
held（%） -end share
Domestic Non
Dongxu Group -State-owned legal 21.64% 829,975,697 439,882,697 829,975,697 Pledge 322,030,000
person
Shijiazhuang Domestic Non
Baoshi Electronic -State-owned legal 8.67% 332,382,171 332,382,171 Pledge 329,770,148
Group Co., Ltd. person
Minsheng Royal
Fund Management
Co., Ltd.-Ping An
Bank-Ping An
0tuer 4.78% 183,284,457 183,284,457 183,284,457
Trust-Ping An
Wealth* Huitai
No.163 Single
Fund Trust
Bosera
Capital-Ping An
Bank- Ping An
Trust-Ping An Other 4.36% 167,155,426 167,155,426 167,155,426
Wealth* Huitai
No.164 Single
Fund Trust
Guangzhou
Securities-China
Guangfa
Bank-Guangzhou
Securities No.2 Other 3.44% 131,964,809 131,964,809 131,964,809
Collective Asset
Management Plan
of Kunpeng
Dingcheng
HuaAn Future
Asset-ICBC-No.1
Asset Management
Other 2.52% 96,774,193 96,774,193 96,774,193
Plan of Dongxu
Optoelectronic’s
Private Placement
Dongxu
Optoelectronic
Technology Co.,
Other 1.89% 72,639,296 72,639,296 72,639,296
Ltd-Phase 1 for
Employee Stock
Ownership Plan
China Securities State-owned legal
1.81% 69,487,962 69,487,962
Finance Co., Ltd. person
Kunshan
Development Zone State-owned legal
1.15% 43,988,269 43,988,269 43,988,269
State-invested person
Holding Co., Ltd.
Bank of China－
Huaxia New Other 0.95% 36,608,098 36,608,098
Economic Mixed
Securities
4
东旭光电科技股份有限公司 2015 年年度报告摘要
Investment Funds
Strategy investors or general legal Before the country's top ten shareholders of Kunshan Development Zone Investment
person becomes top 10 shareholders Holdings Limited was involved in the company in 2015 non-public offering to subscribe,
due to rights issued (if applicable)（See became the top 10 shareholders. The sub-holding restricted period of 36 months, ie
Notes 3） December 17, 2015 to December 16, 2018.
Among the top ten shareholders , Dongxu Group and Baoshi Group, Dongxu
Notes to the related relationship Optoelectronic – II Employee stock ownership plan have relationship and constitute
between the top ten shareholders or persons taking concerted action. The company does not know whether there is relationship
their concerted action between other 8 shareholders or whether they are persons taking concerted action defined
in Administrative Measures Relating to Acquisitions of Listed Companies.
2. Form of total number of preferred shares and shareholders and top 10 preferred shareholders
□ Applicable √Not applicable
In Companies reporting period, no preferred stock shareholders.。
3. Block Diagram of the ownership and control relations between the company and the actual controller
Huarong
Liu Yinqing Li Zhaoting Li Wenting International
Trust Co., Ltd.
0.038% 51.778% 0.036% 48.148%
Beijing Dongxu
Dongxu Optoelectronic
Investment Li Qing Li Wenting
Technology Co., Ltd
Management Co., Ltd
22.22% 22.55% 51.46% 3.77%
Dongxu Group
66.67%
70%
30%
Beijing Heran Hengye
Technology Co., Ltd.
Dongxu
Optoelectronic Other shareholder
Technology Co., Ltd
8.67% 21.64% 69.69%
Dongxu Optoelectronic Technology
Co., Ltd.
V. Management’s Discussion and Analysis
1. Company Operation Review
As an upstream material supplier to the TFT-LCD industry, the company has grabbed the momentous
opportunity of “Domestication”, trying to achieve the “Domestication” of materials, such as glass substrate. The
company has being active in the development of related downstream industries, for the sake of perfecting the
industry chain and improving the international competiveness of the country’s LCD industry.
The company’s 10th 6-generation production line (compatible with the 5.5-generation) of TFT-LCD glass
5
东旭光电科技股份有限公司 2015 年年度报告摘要
substrate has been constructing smoothly. As of the reporting period, 6 production lines had been put into
operation, among which, 5 lines realized mass production. At the end of the reporting period, the company had
smoothly completed the 2015 non-publicly issuing of shares to raise money and successfully purchased
Zhengzhou Xufei Company and Shijiazhuang Xuxin Company both before entrusted to the company, making
them becoming the company’s controlled subsidiaries and enabling the company possessing a 7th G5 production
line of glass substrate for TFT-LCD. The company had utilize the scale effect to incorporate the internal resources
of R&D, supply chain, clients and others to optimize business processes, reduce costs of procurement and
production and marketing, The company’s annual realized sales income was 979,843,900 RMB, which increased
65.12% year on year. while utilizing synergy effect for better selling company's glass substrate products to
downstream clients, such as BOE and IVO, Chunghwa Picture Tubes Ltd, that achieved good economic benefit.
The company is one of the several companies in the world who have mastered the technology of producing
LCD glass substrate and the pertinent equipments for its production line, and have provided sets of equipment and
technical service for manufactures of glass substrate, such as Zhengzhou Xufei Company and Shijiazhuang Xuxin
Company. As to the formulation and technical process, the company has mastered the environmental-friendly and
none-arsenic formulation and key production technologies on melting, shaping, cutting, transmission, inspection
and film packaging. In recent years, the company had respectively signed a strategic cooperation agreement with
BOE and IVO, and gradually expanded the equipment business of panel production line to downstream panel
manufacturers. During the report period, the Company invented in establishing Jiangxu Dongxu Yitai Intelligent
Equipment Co., Ltd., attempting to purchase the business of the high-end equipment company for reserving the
core technology patents and top talents for the steady development of equipment business. The income of outfit
manufacture and technical service was 2,333,557,600 RMB in a whole year, increasing 796.18% year on year.
In 2015, the company had extended its industrial chain via industrial integrations. Firstly, through share
acquisition and capital increase, the company had obtained 50.5% stake of Jiangsu Jixing Company, successfully
pitched in Sapphire fields. At present, the company possesses a whole set of production facility, equipments and
pertinent technology in respect of sapphire crystal growth and sapphire substrate and wafer manufacturing, having
stable customers, such as Xuzhou Tongxin Company, North Microelectronics Co.,Ltd, and 280,494,200 RMB of
sales income was realized at the report period, occupying 6.03% of the Company’s operation income, which made
good economic benefits. Besides, the company laterally expanded to the upstream material of TFT-LCD through
its project-“The Fifth Generation TFT-LCD Color Filter Production Line Project”, which is one of the invested
projects related to the 2015 non-public issuing. The color filter is attributed to upstream material of TFT-LCD
panel, and it is a key raw material for the realization of color display of LCD panels. The project of The 5G
TFT-LCD Color Filter Production Line will provide products matched with the 5G glass substrate provided by
Zhengzhou Xu Fei Company or Shijiazhuang Xu Xin Company. By means of producing color filter, it could
increase the added value of glass substrate, improve the company’s product chain, better serve panel
manufacturers and improve the company’s profitability and market competitiveness.
During the reporting period, the company had strengthened the research and development of new materials.
Concretely, the company, together with Beijing Institute of Technology, had set up a joint-venture company
Beijing Xutan New Materal Technology C0., ltd as a research platform for grapheme, being committed to
technology research and product development of applying technology of graphene and other photoelectric display
materials. Besides, the company had signed a strategic cooperation agreement with Beijing Hyundai Huaqing
Materials Science and Technology Development Center of a joint investment of establishing Beijing Dongxu
Huaqing Investment Co., Ltd.to build a graphene investment and financing platform focusing on investment and
strategic planning of industries related to the graphene industry. Graphene is a revolutionary material, which has
characteristics, such as high conductivity, high tenacity, high tensile, super light, and it will have a huge market
space in the future.
With the domestic expanded capacity of panel production in recent years, the domestic glass substrates are
more likely to replace the importations, which would create a great opportunity for glass substrate business.
During the reporting period, the company had fully utilized its dominant position in the domestic industry, as by
virtue of the product’s price advantage and the geographical advantage, the company positively seized the market
opportunities to constantly explore the market, establish stable sales channels, improve its market share and
achieve economies of scale, while laying a foundation for the company's future sustainable development.
2. Whether there are significant changes in the main business in reporting period
□ Applicable √Not applicable
6
东旭光电科技股份有限公司 2015 年年度报告摘要
3. Situation of Industry, Product and District Occupying the Company’s Business Income and Operating
Profit with Profit over 10%
√Applicable □Not applicable
In RMB
Increase/decrease
Increase/decrease Increase/decrease
of rincipal
of reverue in the of gross profit
Gross profit business cost over
Industry Turnover Operation cost same period of rate over the same
rate(%) the same period
the previous period of the
of previous year
year(%) previous year (%)
(%)
Whole set of
equipment and
2,333,557,567.38 1,076,653,108.81 53.86% 7.96% 8.66% -3.33%
Technology
serves
Glass substrate 979,843,906.90 623,256,190.80 36.39% 0.65% 0.90% -8.38%
Construction
890,941,023.85 800,382,739.30 10.16% 0.49% 0.60% -6.02%
Installation
4. If there is particular concern of business seasonal or cyclical characteristics
□ Applicable √Not applicable
5. The introduction of operating income and operating costs during the reporting period, the total
amount of ordinary shares net profit attributable to shareholders of listed companies or significant
change compared with the previous reporting period
□ Applicable √Not applicable
6. Situation of Facing Listing Suspension and Listing Termination
□ Applicable √Not applicable
VI. Matters related to financial reporting
1. Explain change of the accounting policy, accounting estimate and measurement methods as compared
with the financial reporting of last year
□ Applicable √Not applicable
2. Explain retrospective restatement due to correction of significant accounting errors in the reporting
period
□ Applicable √Not applicable
3. Explain change of the consolidation scope as compared with the financial reporting of last year
√ Applicable □ Not Applicable
1. The Proposal on Purchasing the Equity of Jiangsu Jixing New Materials Co.,Ltd was approved on the 26th of
the seventh session board meeting on Jan 19, 2015, according to that, the company shall purchase 50.5% stake of
Jiangsu Jixing New Materials Co.,Ltd through equity acquisition and capital increase. It mainly engaged in the
cultivation, processing and sales of sapphire crystal materials.
2.On March 3, 2015, the 32th meeting of the 7th board of directors of the Company examined and adopted
7
东旭光电科技股份有限公司 2015 年年度报告摘要
“Proposal on Jointly Establishing a Holding Subsidiary with Beijing Institute of Technology”. The Company
jointly established the holding subsidiary “Beijing Xutan New Material Technology Co., Ltd” with Beijing
Institute of Technology, carrying out new material development, industrialization, market management and
project investment of graphene. The registered capital was 15 million RMB, of which the Company invested 10.5
million RMB in currency, occupying 70% of registered capital.
3. On Jul 9, 2015, according to the provisions specified in the Articles of Association, and by the approval from
the chairman of the board, the company’s controlled subsidiary-Wuhu Dongxu Optoelectronic Equipment
Technology Co.,Ltd set up “ Jiangsu Dongxu Yitai Intelligent Equipment Co.,Ltd” in Jiangsu province. The
registered capital of the new company is RMB 10 million, and its 100% stake was held by Wuhu Equipment
Company, and it mainly engaged in research and development, production and sales of intelligent robot and
intelligent automatic controlling equipment.
4.On October , 22,2015, according to the provisions specified in the Articles of Association, and by the approval
from the chairman of the board，the Company jointly invested in establishing a graphene investment
company “Beijing Dongxu Huaqing Investment Co., Ltd.” according to the Strategic Cooperation Agreement
signed with Beijing Modern Huaqing Material Technology Development Center, which was as the main
investment subject for investing graphene project of both. The initial registered capital was RMB 5 million , in
which the Company invested RMB 3.5 million , occupying 70% of the registered capital.
5.On Dec 25, 2015, according to the provisions specified in the Articles of Association, and by the approval from
the chairman of the board, the company’s whole-owned subsidiary-Wuhu Optoelectronic Technology Co.,Ltd set
up “Fuzhou Dongxu Optoelectronic Technology Co.,Ltd” in Fuzhou free-trade zone located in Fujian province,
and the new company mainly engaged in investment, construction and operation of optoelectronic display glass
substrate industry.
6. In December 2015,the Company succeeded in the work of non-public issue of 2015. According to “Preplan of
Non-public Issue of Shares of 2015(Revised Draft) of the Company ”, the raised funds of the non-public issue of
share after deducting the issue expense would be partly used in acquiring 100% share right of Zhengzhou Xufei
Optoelectronic Technology Co., Ltd. and 100% share right of Zhijiazhuang Xuxin Optoelectronic Technology Co.,
Ltd. . Up to December 31, 2015, the relevant procedures for share right transfer and industry and commerce
change of Zhengzhou Xufei and Shijiazhuang Xuxin have been completed, which obtained business license after
change. So far, the Company has held 100% share right of Zhengzhou Xufei Optoelectronic Technology Co., Ltd.
and 100% share right of Zhijiazhuang Xuxin Optoelectronic Technology Co., Ltd. .
4. Explanation of the Supervisory Committee and Independent Directors (If applicable)on the Qualified
Auditor’s Report Issued by the CPAs.
□ Applicable √Not applicable
Dongxu Optoelectronic Technology Co., Ltd.
Chairman: Li Zhaoting
Issue day approved by the Board of Directors：February 5,2016
8
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