Response Report from the Issuer and Sponsor Regarding Jiangsu Rijiu Optoelectronics Co., Ltd.'s Application for Specific Object Stock Issuance Review Inquiry Letter (Exempt Version)
1. Introduction
Shenzhen Stock Exchange: According to your inquiry letter dated May 11, 2026, regarding Jiangsu Rijiu Optoelectronics Co., Ltd.'s application for a specific stock issuance (Inquiry Letter [2026] No. 120027), Jiangsu Rijiu Optoelectronics Co., Ltd. (hereinafter referred to as "Rijiu Optoelectronics," "the Issuer," or "the Company") has collaborated with CITIC Securities Co., Ltd. (hereinafter referred to as "the Sponsor" or "the Underwriter"), Rongcheng Accounting Firm (Special General Partnership) (hereinafter referred to as "the Reporting Accountant" or "Rongcheng"), and Shanghai Jintiancheng Law Firm (hereinafter referred to as "the Issuer's Lawyer" or "Jintiancheng") to diligently verify and address the issues listed in the inquiry letter. The responses are as follows for your review.
The font styles in this response report represent the following meanings:
- Bold font indicates responses to the issues listed in the inquiry letter.
- Regular font refers to citations from the prospectus.
- Italic font (not bold) indicates modifications or supplements to the prospectus.
- Bold italic font indicates that unless otherwise specified, the definitions of abbreviations or terms in this response report are consistent with those in the "Prospectus for Jiangsu Rijiu Optoelectronics Co., Ltd.'s 2026 Specific Object A-Share Stock Issuance."
The data listed in this response report may differ slightly from the results derived from direct calculations due to rounding.
2. Table of Contents
- Table of Contents ................................................................................................................. 2
- Question 1 .......................................................................................................................... 3
- Question 2 .......................................................................................................................... 30
- Question 3 .......................................................................................................................... 53
- Other Issues ....................................................................................................................... 55
3. Question 1
According to the application materials, the company's net profits during the reporting period were -16.5826 million yuan, 67.4742 million yuan, and 104.5451 million yuan, respectively. The net profit for 2023 was negative, while 2024 and 2025 showed rapid growth. According to the company's recently disclosed "2026 Q1 Report," the operating revenue in the first quarter of 2026 decreased by 7.71% year-on-year, and the net profit attributable to the parent company decreased by 63.06% year-on-year. The gross profit margins for the company's main business were 22.16%, 26.75%, and 32.58%, showing an upward trend. The gross profit margin for the core product, OCA optical adhesive, fluctuated significantly, with margins of -11.12%, -1.32%, and -6.53%, remaining negative.