证券代码：832089 证券简称：禾昌聚合 公告编号：2022-038 苏州禾昌聚合材料股份有限公司 关于接待机构投资者调研情况的公告 | --- | |------------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 | | 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 | | 带法律责任。 | 苏州禾昌聚合材料股份有限公司（以下简称"公司"）于 2022 年 1 月 25 日接待了 18 家机构的调研，现将主要情况公告如下： 一、 调研情况 调研时间：2022 年 1 月 25 日 调研形式：网络调研 调研机构：安信证券、华鑫证券、东莞证券、开源证券、中泰证券、红塔证 券、太平洋证券、国海证券、第一创业证券、丹桂顺资产、晨鸣资管、乐朴资本、 牧容资产、铁林资本、鑫疆投资、一鼎基金、富国基金、爱与诚（江苏）实业投 资有限公司。 上市公司接待人员：董事长赵东明先生、董事会秘书虞阡先生 二、 调研的主要问题及公司回复概要 问 ...

证券代码：832089 证券简称：禾昌聚合 公告编号：2022-087 苏州禾昌聚合材料股份有限公司 关于接待机构投资者调研情况的公告 | --- | |------------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 | | 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 | | 带法律责任。 | 苏州禾昌聚合材料股份有限公司（以下简称"公司"）于 2022 年 11 月 8 日接待了 3 家机构的调研，现将主要情况公告如下： 一、 调研情况 调研时间：2022 年 11 月 8 日 调研地点：公司三楼会议室 调研形式：现场调研 调研机构：华福证券、开源证券、兴银资本 上市公司接待人员：董事会秘书虞阡 二、 调研的主要问题及公司回复概要 问题 1：公司主要原材料是什么，其主要供应商有哪些，定价方式是什么？ 回答：公司主要原材料为 PP、PET、ABS、PVC 等，大多为大宗商品，原材料 供应商主要为大型石化企业或贸易商，采 ...

Financial Performance - Operating revenue for the first nine months of 2022 was RMB 788,255,408.91, representing a year-on-year growth of 15.04%[15] - Net profit attributable to shareholders for the first nine months of 2022 was RMB 66,535,371.20, up 7.88% from the same period last year[15] - In Q3 2022, operating revenue was RMB 307,912,933.54, a significant increase of 49.06% compared to Q3 2021[16] - The net profit attributable to shareholders in Q3 2022 was RMB 23,405,523.46, reflecting a growth of 27.70% year-on-year[16] - Net profit for the year 2022 reached CNY 66,535,371.20, an increase of 8.5% compared to CNY 61,673,591.54 in 2021[46] - Total revenue for the first nine months of 2022 was CNY 666,187,427.20, up 19.4% from CNY 558,428,571.99 in the same period of 2021[49] - Operating profit for the year 2022 was CNY 64,328,232.87, representing a 31.2% increase from CNY 49,009,249.88 in 2021[50] - Operating profit for Q3 2022 was ¥27.49 million, compared to ¥22.11 million in Q3 2021, indicating a growth of 24.5%[45] Cash Flow - The net cash flow from operating activities for the first nine months of 2022 was -RMB 178,527,056.21, a decline of 172.87% compared to the previous year[15] - Operating cash inflow for the first nine months of 2022 was CNY 607,884,791.77, a decrease of 6.1% compared to CNY 647,286,390.53 in the same period of 2021[52] - Total cash outflow from operating activities increased to CNY 786,411,847.98, up 10.3% from CNY 712,711,951.83 year-on-year[52] - Investment cash inflow totaled CNY 200,364,962.21, significantly higher than CNY 128,240.00 in the same period last year[53] - Net cash flow from investment activities improved to CNY 83,592,586.99, compared to a negative CNY 12,598,294.56 in the previous year[53] - Cash inflow from financing activities was CNY 60,881,378.40, an increase from CNY 45,956,602.69 year-on-year[53] - Net cash flow from financing activities rose to CNY 29,128,939.75, compared to CNY 1,515,776.92 in the same period last year[53] - The ending cash and cash equivalents balance was CNY 53,066,729.76, up from CNY 27,718,205.47 in the previous year[53] - The company reported a net cash decrease of CNY 65,613,241.68 for the period, an improvement from a decrease of CNY 76,520,170.33 in the previous year[53] Assets and Liabilities - Total assets as of September 30, 2022, reached RMB 1,226,985,692.61, an increase of 11.00% compared to the end of the previous year[15] - Total liabilities rose to CNY 338,978,733.32, compared to CNY 257,065,210.47 in the previous year, indicating an increase of about 31.8%[38] - The company’s equity attributable to shareholders reached CNY 888,006,959.29, up from CNY 848,376,588.09 in the previous year[38] - Accounts receivable increased to CNY 494,152,324.55 from CNY 366,525,496.75 year-over-year, reflecting a growth of approximately 34.8%[36] - The company reported a total of CNY 21,094,599.22 in assets under restriction, accounting for 1.72% of total assets[32] - Total assets as of September 30, 2022, amounted to ¥1,178.56 million, an increase from ¥994.82 million at the end of 2021, representing an 18.5% growth[42] - Total liabilities as of September 30, 2022, were ¥342.72 million, compared to ¥188.08 million at the end of 2021, showing an increase of 82.2%[42] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 107,620,000, with 45.26% being unrestricted shares[23] - The largest shareholder, Zhao Dongming, holds 42,143,334 shares, representing 39.16% of the total shares[25] - The second-largest shareholder, Jiang Xueyuan, holds 10,648,016 shares, accounting for 9.89% of the total shares[25] - The total number of restricted shares is 58,907,750, which constitutes 54.74% of the total shares[24] - The company has 9,861 ordinary shareholders at the end of the reporting period[24] Expenses and Gains - The company's financial expenses decreased by 87.53% compared to the previous period, mainly due to increased interest income and exchange gains[18] - Research and development expenses for Q3 2022 were ¥11.05 million, significantly higher than ¥5.98 million in Q3 2021, representing an 84.5% increase[45] - Research and development expenses for the first nine months of 2022 totaled CNY 16,722,234.18, an increase of 17.9% compared to CNY 14,174,405.50 in 2021[49] - The company reported a reversal of impairment provisions for receivables amounting to CNY 2,951,493.04[21] - Government subsidies recognized in the current period amounted to CNY 1,883,037.83[21] - The company incurred a credit impairment loss of CNY 2,608,716.54 in the first nine months of 2022, compared to a gain of CNY 2,508,659.26 in the same period of 2021[50] Other Information - There are no significant changes in accounting policies or errors corrected during the reporting period[22] - The company has no preferred stock outstanding as of the reporting period[27] - The company has no ongoing litigation or arbitration matters during the reporting period[30] - There were no significant related party transactions or external borrowings reported during the period[30] - The company has fulfilled all disclosed commitments without any overdue obligations[30]

Financial Performance - The company achieved operating revenue of ¥480,342,475.37, a year-on-year increase of 0.36%[26]. - The net profit attributable to shareholders was ¥43,129,847.74, reflecting a decrease of 0.50% compared to the previous year[26]. - Total assets at the end of the reporting period reached ¥1,184,798,765.67, marking a growth of 7.18%[27]. - Total liabilities increased by 24.56% to ¥320,197,329.84[27]. - The company's gross profit margin decreased to 15.36%, down from 16.21% in the previous year[26]. - The weighted average return on equity dropped to 4.98%, compared to 7.41% in the previous year[26]. - The company reported a net cash flow from operating activities of -¥118,276,960.11, a decline of 305.54% year-on-year[28]. - The company's other income increased by 32.59% to CNY 882,061.17, mainly due to an increase in government subsidies received[45]. - The company reported a total comprehensive income for the first half of 2022 of approximately ¥36.89 million, compared to ¥30.65 million in the first half of 2021, indicating an increase of about 20.3%[124]. Shareholder Information - The company distributed a cash dividend of RMB 2.50 per 10 shares, totaling RMB 26,905,000.00 based on a total share capital of 107,620,000 shares[6]. - The company's major shareholder, Zhao Dongming, holds 39.16% of the shares, which gives him significant control over corporate decisions[14]. - The total number of shares held by the top ten shareholders is 69,140,562, representing 64.25% of the total shares[81]. - The company has a total of 107,620,000 shares outstanding, with 45.26% held by controlling shareholders and actual controllers[78]. - The company has 10,398 shareholders in total[78]. Innovation and R&D - As of the end of the reporting period, the company has obtained a total of 69 valid patent authorizations, including 9 invention patents and 60 utility model patents[7]. - The company has added 3 new utility model patents during the reporting period, indicating ongoing innovation efforts[7]. - The company continues to invest in R&D for new products and materials to seek new profit growth points[34]. - The company has established an innovation incentive mechanism to boost employee enthusiasm for technology research and development[35]. - The company has emphasized the importance of intellectual property protection and management, promoting innovation among research personnel[36]. Market and Competition - The company faces significant risks from fluctuations in raw material prices, particularly for PP, which are influenced by international oil prices[13]. - The company’s main downstream industries, automotive and home appliances, are subject to macroeconomic fluctuations, which could impact demand for its products[13]. - The company is exposed to intensified market competition as more capital and new entrants enter the polymer materials sector[14]. - The automotive and home appliance sectors are identified as the largest markets for modified plastics, driving significant demand for the company's products[38]. - The company acknowledges the risk of intensified market competition as more capital and new entrants are expected in the modified plastics manufacturing sector[61]. Financial Management - The company has strengthened its financial management, focusing on cost control and efficiency improvements, which enhances decision-making accuracy[40]. - The company has seen a 121.21% increase in receivables financing, indicating improved liquidity management strategies[40]. - The company's cash and cash equivalents decreased by 60,327,044.50 yuan compared to the beginning of the period, primarily due to significant cash outflows from operating activities[43]. - The company's inventory increased by 31.42% to 193,079,440.12 yuan, indicating a focus on maintaining stock levels to support sales growth[40]. - The accounts receivable rose by 11.89% to 410,111,882.81 yuan, reflecting an increase in sales and credit extended to customers[40]. Corporate Governance - The company has established a comprehensive internal control system to limit the decision-making power of the major shareholder and reduce the risk of improper control[64]. - The company has a total of 7 board members and 3 supervisory board members as of the end of the reporting period[97]. - The company has not experienced any cumulative losses or unprofitable periods during the reporting period[59]. - The company has maintained compliance with legal and regulatory requirements, contributing to local economic development without negative social impacts[58]. - The company has not reported any significant environmental protection issues during the reporting period[59]. Subsidiaries and Investments - The main subsidiary, Suzhou He Run Chang Xin Materials Co., Ltd., reported total assets of ¥226,241,367.38 and a net profit of ¥5,168,035.69[56]. - Another subsidiary, Suzhou He Ji Rong Da New Materials Co., Ltd., had total assets of ¥78,003,092.81 and a net profit of ¥249,963.82[56]. - The company established a wholly-owned subsidiary, Shaanxi Herun Chang Polymer Materials Co., Ltd., in December 2021, focusing on serving clients in the northwest region[92]. - The company invested a total of ¥50,000,000 in bank wealth management products, with no overdue amounts or expected impairments[55]. Risk Management - The company faces risks related to accounts receivable and notes receivable, with a significant portion of current assets tied up in these receivables, potentially impacting asset quality and profitability[63]. - The company has implemented strict technical confidentiality measures to mitigate the risk of core technology leakage, as most of its core technologies are not patent-protected[62]. - The company has implemented measures to mitigate raw material cost increases, including improving production formulas and increasing recycling rates[59]. Compliance and Commitments - The company has fulfilled all relevant commitments during the reporting period without any overdue or violation of commitments[72]. - The company is currently fulfilling commitments related to non-competition and reducing related party transactions, initiated in 2014[70]. - The company has commitments to stabilize its stock price and is actively fulfilling these commitments as of November 2021[70].

Financial Performance - Operating revenue for the first quarter of 2022 was ¥252,580,058.94, representing a year-on-year growth of 4.12%[14] - Net profit attributable to shareholders for the first quarter of 2022 was ¥23,382,084.00, a slight increase of 0.41% compared to the same period last year[14] - The total revenue for the reporting period reached 69,213,750, with a year-on-year increase of 64.31% compared to 59,227,500[22] - The company reported a net profit of 2,350,150, reflecting a decrease of 15,000 from the previous period, which is a 2.18% share of total revenue[22] - Total operating revenue for Q1 2022 reached ¥252,580,058.94, an increase from ¥242,580,865.10 in Q1 2021, representing a growth of approximately 4.14%[41] - Total operating costs for Q1 2022 were ¥222,290,491.28, compared to ¥216,248,697.75 in Q1 2021, indicating an increase of about 2.01%[41] - Net profit for Q1 2022 was ¥23,382,084.00, slightly up from ¥23,286,347.17 in Q1 2021, reflecting a growth of approximately 0.41%[43] - The total comprehensive income for the period was 19,676,624.01, compared to 19,430,807.55 in the previous period, reflecting a slight increase[46] Assets and Liabilities - Total assets as of March 31, 2022, reached ¥1,148,994,715.63, an increase of 3.94% compared to the end of the previous year[14] - Total current assets as of March 31, 2022, amounted to ¥1,004,124,582.50, an increase from ¥964,267,121.75 as of December 31, 2021, representing a growth of approximately 4%[33] - Total liabilities increased to ¥277,236,043.54 as of March 31, 2022, from ¥257,065,210.47 at the end of 2021, marking a growth of about 7.5%[35] - The company's debt-to-asset ratio (consolidated) was 24.13%, up from 23.25% at the end of the previous year[14] - The company's total liabilities increased to ¥197,228,211.15 in the latest reporting period from ¥188,078,843.03, marking an increase of about 4.09%[39] - Total equity attributable to shareholders reached ¥871,758,672.09 as of March 31, 2022, compared to ¥848,376,588.09 at the end of 2021, showing an increase of approximately 2.8%[35] - Total equity rose to ¥826,422,163.44 from ¥806,745,539.43, showing an increase of approximately 2.09%[39] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥102,455,648.13, worsening by 22.23% compared to the previous year[14] - Cash inflows from operating activities totaled 220,550,414.75, slightly down from 223,009,554.92 in the previous year[47] - The net cash flow from operating activities was -102,455,648.13, worsening from -83,822,071.83 year-over-year[47] - Cash inflows from investment activities amounted to 100,618,692.09, significantly higher than 3,240.00 in the previous year[48] - The net cash flow from investment activities was 42,565,912.08, compared to -3,763,286.00 in the previous year, showing a positive turnaround[48] - Cash inflows from financing activities were 40,501,737.60, up from 32,237,012.82 in the previous year[48] - The net cash flow from financing activities increased to 37,464,400.10 from 26,328,358.48 year-over-year[48] - The ending cash and cash equivalents balance was 62,259,536.13, compared to 42,981,376.45 in the previous year, indicating improved liquidity[48] - The company reported a net decrease in cash and cash equivalents of -22,425,335.95, an improvement from -61,256,999.35 in the previous year[48] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,029[19] - Basic earnings per share for Q1 2022 was ¥0.22, down from ¥0.28 in Q1 2021, indicating a decrease of about 21.43%[43] - The basic earnings per share decreased to 0.18 from 0.23, indicating a decline in profitability[46] Other Information - The company has not undergone any significant changes in accounting policies or errors in accounting corrections during the reporting period[18] - The company has provided external guarantees totaling 19,080,000, with a remaining balance of 4,727,800[28] - The company has assets with restrictions totaling 19,099,421.23, accounting for 1.66% of total assets[29] - The company has no outstanding commitments or violations of commitments during the reporting period[28] - The company has no significant litigation or arbitration matters that meet the disclosure standards[26] - The company has not implemented any profit distribution or capital increase from reserves during the reporting period[30] - The company has not provided any loans to external parties during the reporting period[25] - The company has not engaged in any significant related party transactions during the reporting period[25] - The company has not conducted any share repurchase activities during the reporting period[25] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[40] - Research and development expenses for Q1 2022 were ¥5,246,425.50, compared to ¥5,916,684.25 in Q1 2021, reflecting a decrease of approximately 11.29%[42] - The company reported a credit impairment loss of ¥-2,626,877.49 in Q1 2022, a significant change from a gain of ¥2,415,441.60 in Q1 2021[42] - The company’s long-term investments remained stable, with long-term equity investments at ¥314,879,329.54 as of March 31, 2022, slightly up from ¥313,379,329.54 at the end of 2021[38]

Innovation and Patents - In 2021, the company obtained a total of 22 new patent authorizations, bringing the total to 66 valid patents by December 31, 2021, including 9 invention patents and 57 utility model patents[9]. - The company holds a total of 66 valid patents, including 9 invention patents and 57 utility model patents, as well as 5 software copyrights[51]. - The total number of patents held by the company increased from 44 to 66, indicating a focus on innovation and intellectual property[93]. - The company has developed multiple new products, including high-temperature resistant nylon composites and antibacterial polypropylene composites, enhancing its product portfolio[95]. - The company plans to enhance its R&D capabilities and focus on intellectual property development to improve its core competitiveness[108]. Financial Performance - The company's operating revenue for 2021 was ¥976,885,372.05, an increase of 21.93% compared to ¥801,208,021.93 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥81,452,653.03, representing an 18.22% increase from ¥68,898,079.48 in 2020[30]. - The total assets at the end of 2021 amounted to ¥1,105,441,798.56, reflecting a growth of 20.19% from ¥919,711,029.93 at the beginning of the year[31]. - The company's debt-to-asset ratio decreased to 23.25% in 2021 from 38.62% in 2020, indicating improved financial stability[31]. - The basic earnings per share for 2021 was ¥0.93, up 10.71% from ¥0.84 in 2020[30]. - The company achieved a gross profit margin of 16.48% in 2021, slightly down from 17.54% in 2020[30]. - The company reported a net cash flow from operating activities of -¥93,107,242.76 in 2021, a significant decline compared to ¥3,766,291.35 in 2020[33]. - The company received government subsidies amounting to 2.41 million yuan in 2021, compared to 0.95 million yuan in 2020[42]. Market and Industry Risks - The company faces risks from fluctuations in raw material prices, particularly due to its reliance on petroleum-derived products like PP, which are sensitive to international oil price changes[16]. - The company’s main downstream markets, automotive and home appliance industries, are subject to macroeconomic fluctuations, which could impact demand for its products[17]. - The company has a significant risk of accounts receivable and notes receivable bad debts, as its major clients are in industries with longer payment cycles[17]. - The demand for the company's products is influenced by the economic conditions and cycles of the automotive and home appliance industries, which may lead to sales price or volume declines[112]. - The company operates in a mature modified plastics industry with increasing competition, risking market share and profitability due to larger competitors expanding their market presence[113]. Corporate Governance and Structure - The company has a controlling shareholder, Zhao Dongming, who holds 39.16% of the shares, which poses a risk of improper control over the company's strategic decisions[17]. - The company has five wholly-owned subsidiaries, with Suzhou Herun Chang New Materials Co., Ltd. generating a main business revenue of CNY 277,863,672.60 and a net profit of CNY 21,968,673.76[86]. - The company has made three amendments to its Articles of Association during the reporting period, including changes related to its transition to the innovation layer and adjustments for new board members[189]. - The company’s governance structure includes a clear separation of roles among the chairman, general manager, and independent directors[163]. - The company has engaged in limited outsourcing for non-core production processes to control costs[173]. Employee and Management Changes - The total number of employees increased from 452 to 481, with a net addition of 29 employees during the reporting period[171]. - The number of management personnel rose from 50 to 55, while sales personnel also increased from 47 to 55[171]. - The company experienced changes in senior management, with new appointments including Yuan Wenxiong as an independent director and Li Yang as a deputy general manager[166]. - The total compensation for the chairman was 49.00 million, while the general manager received 17.90 million[164]. - The company has implemented targeted training programs for employees, including new employee onboarding and skills training for frontline staff[172]. Strategic Plans and Future Growth - The company aims to enhance its market position through technological innovation and expansion strategies, while also managing competitive pressures in the mature modified plastics industry[17]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[24]. - The company is set to establish a wholly-owned subsidiary, reflecting its strategy for market expansion[191]. - The company plans to publicly issue stocks to unspecified qualified investors and list on the selected layer, with various proposals related to this issuance being approved[191]. - The company is preparing for the 2022 financial institution comprehensive credit application, indicating future financing strategies[191].