Financial Performance - The company's operating revenue for Q3 2021 reached ¥1,228,250,790.61, representing a year-over-year increase of 114.87%[3] - The net profit attributable to shareholders for the same period was ¥120,098,118.88, a significant increase of 8,663.26% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥106,111,882.10, reflecting a year-over-year increase of 1,610.00%[3] - The basic earnings per share for Q3 2021 was ¥0.0860, up 7,066.67% from the same period last year[4] - Total operating revenue for the first three quarters of 2021 reached ¥3,235,992,820.39, a significant increase from ¥1,363,896,804.13 in the same period of 2020, representing a growth of approximately 137.5%[21] - Operating profit for the first three quarters of 2021 was ¥348,236,661.68, compared to a profit of ¥785,296.03 in the same period of 2020, indicating a substantial improvement[22] - Net profit for the first three quarters of 2021 was ¥321,581,872.29, a turnaround from a net loss of ¥8,018,339.18 in the same period of 2020[22] - The company reported a basic and diluted earnings per share of ¥0.2302 for the first three quarters of 2021, compared to a loss per share of ¥0.0142 in the same period of 2020[23] - The total comprehensive income for the first three quarters of 2021 was ¥316,688,266.52, contrasting with a total comprehensive loss of ¥11,133,173.03 in the same period of 2020[23] Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥632,287,151.28, which is a 621.50% increase year-to-date[3] - Cash flow from operating activities for the first three quarters of 2021 was ¥632,287,151.28, compared to a negative cash flow of ¥121,244,860.56 in the same period of 2020[26] - Total cash inflow from investment activities was ¥267,598,140.33, while cash outflow was ¥696,478,220.71, resulting in a net cash flow of -¥428,880,080.38 for investment activities[26] - Total cash inflow from financing activities was $2,070,243,394.76, an increase from $1,875,402,282.26 in the previous year[27] - Total cash outflow from financing activities reached $2,633,885,898.07, compared to $2,125,638,990.51 in the prior year[27] - Net cash flow from financing activities was -$563,642,503.31, worsening from -$250,236,708.25 year-over-year[27] - The ending balance of cash and cash equivalents was $1,211,185,787.25, down from $1,572,131,325.34 at the beginning of the period[27] - The company reported a net decrease in cash and cash equivalents of -$360,945,538.09, compared to -$204,356,601.35 in the same quarter last year[27] - Cash paid for debt repayment was $2,086,885,655.94, up from $1,961,150,948.76 year-over-year[27] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥8,613,358,424.33, an increase of 7.45% compared to the end of the previous year[4] - The company's current assets totaled RMB 4,352,433,517.92, compared to RMB 4,240,206,741.53 in the previous year, indicating an increase of about 2.65%[19] - The company's total liabilities were RMB 4,864,705,300.38, compared to RMB 4,604,125,752.18 in the previous year, showing an increase of around 5.65%[20] - The company's equity attributable to shareholders reached RMB 3,748,653,123.95, up from RMB 3,412,151,936.83, marking an increase of approximately 9.85%[20] - The company reported a significant increase in accounts receivable, which rose to RMB 1,487,718,512.86 from RMB 1,213,697,065.08, representing a growth of about 22.54%[17] - The company’s inventory increased to RMB 456,148,413.47 from RMB 385,398,513.46, indicating a rise of approximately 18.41%[19] - Total liabilities included a long-term loan increase of 87.65 million, reflecting enhanced financing activities[9] - The company’s long-term borrowings increased to RMB 824,804,100.00 from RMB 439,540,000.00, reflecting a growth of approximately 87.67%[20] Research and Development - Research and development expenditures increased by 184.21% due to heightened investment in copper foil and wire and cable accessory projects[8] - R&D expenses increased to 88.71 million, reflecting the company's commitment to enhancing research and development efforts[9] - Research and development expenses increased to ¥112,388,858.17 in the first three quarters of 2021, up from ¥59,557,506.20 in the same period of 2020, reflecting a growth of approximately 88.7%[21] Operational Highlights - Operating revenue for Q3 2021 reached 137.26 million, driven by increased product sales volume and price hikes[9] - Operating costs amounted to 127.26 million, primarily due to rising prices of key raw materials and increased sales volume[9] - The company experienced a 100.00% increase in derivative financial assets due to the initiation of hedging activities in non-ferrous metals[8] - The company’s construction in progress increased by 1,156.64%, attributed to new projects in Huizhou and Qinghai[8] - The company plans to continue expanding its market presence and investing in new technologies[9] Other Financial Information - The company received government subsidies, leading to an increase in other income to 303.79 million[10] - Credit impairment losses were recorded at 167.15 million, resulting from increased provisions for receivables[10] - Deferred tax assets rose to 42.53 million, mainly due to increased provisions for bad debts and stock-based compensation[9] - The company is in the process of a non-public stock issuance, which has been accepted by the China Securities Regulatory Commission, but the approval timeline remains uncertain[16] - The company paid $120,958,911.32 in dividends and interest, an increase from $107,840,620.24 in the previous year[27] - The company did not apply the new lease accounting standards for the current year[27]

Financial Performance - Basic earnings per share for the first half of 2021 reached RMB 0.1442, a significant increase of 1,036.36% compared to the same period last year, which was a loss of RMB 0.0154[18] - The weighted average return on net assets improved to 5.74%, an increase of 6.62 percentage points from -0.88% in the previous year[18] - The company reported a basic earnings per share after deducting non-recurring gains and losses of RMB 0.1357, up 700.44% from a loss of RMB 0.0226 in the same period last year[18] - The company's operating revenue for the first half of the year reached CNY 2,007,742,029.78, a 153.42% increase compared to the same period last year[19] - Net profit attributable to shareholders was CNY 201,483,753.41, a significant turnaround from a loss of CNY 17,693,390.29 in the previous year, representing a 1,238.75% increase[19] - The net profit after deducting non-recurring gains and losses was CNY 189,621,211.47, up 830.80% from a loss of CNY 25,947,100.08 in the same period last year[19] - The company's revenue for the current period reached ¥2,007,742,029.78, a significant increase of 153.42% compared to ¥792,264,262.68 in the same period last year[39] - The net profit for the first half of 2021 was ¥201,483,753.41, a turnaround from a net loss of ¥9,388,811.94 in the same period of 2020[128] Cash Flow and Financial Position - The company's net cash flow from operating activities was CNY 17,103,316.49, a decrease of 66.28% compared to CNY 50,726,418.50 in the previous year[19] - The company's total assets at the end of the period were significantly impacted, with cash and cash equivalents decreasing by 33.05% to ¥1,480,360,000.00 from ¥2,211,010,000.00[41] - The company's current assets totaled RMB 4,221,852,771.78, a marginal decrease from RMB 4,240,206,741.53 in the previous period, representing a decline of approximately 0.43%[119] - Cash and cash equivalents were reported at RMB 1,480,366,035.29, down from RMB 2,211,012,965.52, a decrease of approximately 33.06%[119] - The total liabilities at the end of the period are reported at 1,861,074,099 RMB, which is a manageable level compared to total assets[149] Production and Market Focus - The company is focusing on lithium battery copper foil production, with significant growth potential in the new energy sector driven by government policies and market demand[23] - The company has two main production bases in Qinghai and Guangdong, with a total planned capacity of 85,000 tons per year upon completion of ongoing projects[26] - The lithium battery copper foil products include ultra-thin and high-performance variants, which are essential for the growing electric vehicle and consumer electronics markets[24] - The company anticipates continued rapid growth in the lithium battery industry, supported by advancements in technology and increasing market demand[23] - The company has developed a mainstream product in the industry, a 6-micron lithium battery copper foil, and has also innovated and mass-produced 4.5-micron and 4-micron ultra-thin lithium battery copper foils[27] Environmental and Sustainability Efforts - The company is committed to sustainable development, implementing environmental protection measures and achieving compliance with pollution discharge standards[37] - The company has established pollution prevention facilities that are operational and aligned with production capacity[71] - The company has complied with environmental impact assessments and obtained necessary approvals for construction projects[72] - The company has developed emergency response plans for environmental incidents, which have been filed with local environmental authorities[73] - The company is actively responding to China's carbon neutrality goals, aiming for peak carbon emissions by 2030 and carbon neutrality by 2060, by adopting energy-saving products and technologies in its production bases[78] Risks and Challenges - The company faces risks related to changes in industrial policies affecting the lithium battery copper foil industry, which is closely linked to the development of the new energy vehicle sector[51] - The company is also exposed to intensified competition risks within the lithium battery copper foil market[52] - Fluctuations in raw material prices, particularly copper, can impact production costs, and the company is utilizing futures market hedging to manage these risks[55] Corporate Governance and Compliance - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[5] - There are no violations of decision-making procedures regarding external guarantees[5] - The report has not been audited, but the management has guaranteed its accuracy and completeness[6] - The company has not disclosed any significant non-recurring gains and losses items[18] - The company has not reported any major contracts or leasing matters that could affect its operations during the reporting period, indicating a focus on core business activities[89] Shareholder and Capital Management - The company did not distribute any dividends or increase capital reserves in the first half of 2021, with a proposed distribution of 0 shares for every 10 shares held[65] - The company granted a total of 28.5 million stock options to employees, with an additional 1.5 million options reserved[67] - The total number of ordinary shareholders at the end of the reporting period was 69,013[105] - The top shareholder, Shenzhen Bangmin Industrial Holdings, holds 178,194,731 shares, representing 12.75% of total shares, with 74,086,957 shares pledged[107] Legal and Regulatory Matters - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing for the company[84] - The company has taken legal action to protect its interests against Shenzhen Daohe Asset Management Co., Ltd. for actions detrimental to the company[94] - The company has not received the relevant payment related to the settlement agreement, and the pledgor has not fulfilled its guarantee obligations, with a total debt of 578 million yuan owed by the debtor Chengdu Guangdi[98]

2021 年第一季度报告 公司代码：600110 公司简称：诺德股份 诺德投资股份有限公司 2021 年第一季度报告 1/22 2021 年第一季度报告 重要提示 . 一、 二、 公司基本情况 . 11Í 重要事项 . 四、 附录 . 目录 2/22 2021 年第一季度报告 单位：元币种：人民币 3/22 一、 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司全体董事出席董事会审议季度报告。 公司负责人陈立志、主管会计工作负责人王丽雯及会计机构负责人（会计主管人员）史耀军 保证季度报告中财务报表的真实、准确、完整。 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|------------------|----------------------|-------------------------------| | | ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 5,385,384.12 for the year 2020[6]. - The company's operating revenue for 2020 was approximately ¥2.15 billion, a slight increase of 0.22% compared to ¥2.15 billion in 2019[23]. - The net profit attributable to shareholders was approximately ¥5.39 million, a significant turnaround from a loss of ¥121.90 million in 2019, representing a 104.42% increase[23]. - The total assets at the end of 2020 reached approximately ¥8.02 billion, reflecting a 13.71% increase from ¥7.05 billion in 2019[23]. - The basic earnings per share for 2020 was ¥0.0046, compared to a loss of ¥0.1060 per share in 2019, marking a 104.34% improvement[24]. - The weighted average return on equity increased to 0.25% in 2020, up 6.12 percentage points from -5.87% in 2019[24]. - The net cash flow from operating activities for 2020 was significantly improved, with a net amount of approximately ¥637.78 million in Q4, compared to a negative cash flow in Q3[26]. - Non-recurring gains for 2020 totaled approximately ¥55.90 million, including government subsidies and gains from asset disposals[29]. - The company's net assets attributable to shareholders increased by 69.15% to approximately ¥3.41 billion at the end of 2020, up from ¥2.02 billion in 2019[23]. - The company reported a decrease in non-recurring net profit, which was approximately -¥50.51 million for 2020, an improvement of 62.36% from -¥134.21 million in 2019[23]. Market and Product Development - The company is focused on the development of new technologies and products, particularly in the lithium-ion battery sector[14]. - The company is actively expanding its market presence, particularly in the electronic materials industry[14]. - The company focuses on the research, production, and sales of lithium-ion battery copper foil, with major products including 4-6 micron ultra-thin copper foil and 8-10 micron super-thin copper foil[34]. - The production capacity of the Qinghai copper foil base is expected to reach 50,000 tons/year, while the Huizhou copper foil base will reach 20,000 tons/year, positioning the company as a leading player in the industry[44]. - The company has successfully developed and started mass production of 4.5 micron and 4 micron ultra-thin copper foil products, enhancing its product offerings[45]. - The company aims to enhance its production and R&D of ultra-thin lithium battery copper foil to secure a leading market position[103]. - The company plans to optimize its customer structure, focusing on long-term stable clients to ensure product quality stability[108]. - The company will accelerate the construction of new production lines to enhance overall effective capacity and market share of high-end products[109]. Research and Development - Research and development expenses rose by 63.99% to 73.79 million RMB, reflecting the company's commitment to innovation[61]. - The company has a strong R&D team and advanced production equipment, enabling rapid product variety conversion and effective response to customer needs[46]. - The company is committed to increasing R&D investment to continuously develop new technologies and products, particularly in high-end copper foil[105]. Risk Management - The company has detailed risk factors and countermeasures in the report, particularly in the section discussing future developments[10]. - The company faces risks related to changes in industrial policies, particularly in the lithium battery and new energy vehicle sectors, which could impact the demand for lithium battery copper foil[112]. - Increased competition in the lithium battery copper foil market is anticipated due to new entrants and existing companies expanding capacity, posing a risk to the company's market position[115]. - The company recognizes management risks as it scales operations, which may affect efficiency and competitiveness if management does not keep pace with growth[116]. - Fluctuations in raw material prices, especially copper, are a concern as they significantly impact production costs and cash flow requirements[117]. - The company has a high debt-to-asset ratio, typical for capital-intensive industries, and plans to implement measures to reduce financial risk and optimize its financial structure[118]. Environmental and Compliance - The company is actively pursuing sustainable development by implementing environmental protection measures and achieving compliance with pollution discharge standards[59]. - The company has established a comprehensive safety management system to ensure safety production goals are met[59]. - The company has implemented pollution prevention facilities that are operational and aligned with production capacity, ensuring compliance with environmental regulations[166]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[170]. - The company has committed to environmental monitoring, ensuring that wastewater and air emissions are regularly tested by qualified agencies[171]. - The company has not reported any violations of environmental laws or pollution incidents during the reporting period[172]. - The company has increased its environmental investment in new projects, emphasizing the importance of environmental protection and sustainable development[173]. Shareholder and Capital Structure - The company issued 246,956,518 new shares through a private placement, increasing the total number of shares from 1,150,312,097 to 1,397,268,615[181]. - The newly issued shares represent 17.67% of the total shares post-issuance[181]. - The private placement was completed on December 3, 2020, and the shares were registered with the China Securities Depository and Clearing Corporation[186]. - The increase in shares was primarily aimed at raising funds for supporting the company's operations[187]. - The company has not reported any impact on earnings per share or net asset value due to this share issuance[181]. - The shareholder structure has been adjusted with the new issuance, reflecting changes in ownership percentages[187]. - The total number of ordinary shareholders at the end of the reporting period is 67,171, down from 72,358 at the end of the previous month[188]. - The top shareholder, Shenzhen Bangmin Industry Holdings, holds 74,086,957 shares, representing 12.75% of total shares[191]. Audit and Compliance - The company has engaged Da Hua Accounting Firm for a standard unqualified audit report for the year[5]. - The company has changed its accounting firm to Dahua Certified Public Accountants for the 2020 financial year, maintaining the same audit fee of CNY 1,200,000[126]. - The annual financial audit fee is capped at 1.2 million yuan (excluding tax) and internal control audit fee at 800,000 yuan (excluding tax)[129]. - The company has not disclosed any significant related party transactions during the reporting period[135]. - The company has not faced any risks of suspension or termination of listing during the reporting period[129].

2020 年第三季度报告 公司代码：600110 公司简称：诺德股份 诺德投资股份有限公司 2020 年第三季度报告 1 / 34 2020 年第三季度报告 | --- | --- | --- | |-------|---------------|-------| | | | | | | 目录 | | | 一、 | 重要提示 | | | 二、 | 公司基本情况. | | | ii i | 重要事项 | | | 四、 | 附录 | | 2 / 34 2020 年第三季度报告 单位：元 币种：人民币 3 / 34 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈立志、主管会计工作负责人王丽雯及会计机构负责人（会计主管人员）史耀军 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |--- ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 792,264,262.68, representing a decrease of 23.71% compared to the same period last year[27]. - The net profit attributable to shareholders of the listed company was a loss of CNY 17,693,390.29, a decline of 140.86% year-on-year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 25,947,100.08, reflecting a decrease of 169.46% compared to the previous year[27]. - The net cash flow from operating activities was CNY 50,726,418.50, down 17.39% from the same period last year[27]. - Basic earnings per share for the reporting period (1-6 months) decreased to -0.0154 RMB/share, a decline of 140.96% compared to the same period last year[29]. - Diluted earnings per share for the reporting period also decreased to -0.0154 RMB/share, reflecting a 140.96% drop year-over-year[29]. - The weighted average return on equity fell to -0.88%, a decrease of 2.89 percentage points from the previous year[29]. - The company's gross profit margin was impacted by a decrease in sales volume due to the COVID-19 pandemic and the technical upgrade of the 25,000-ton capacity at Qinghai Electronics[49]. - The company reported a net cash flow from operating activities of ¥50,726,418.50, down 17.39% from ¥61,408,012.19 in the previous year[49]. - The company reported a net profit for the first half of 2020 was a loss of ¥9,388,811.94, compared to a profit of ¥50,368,872.16 in the first half of 2019[137]. - The company reported a decrease in capital contributions amounting to 349,871,021.04, indicating a reduction in owner inputs[161]. - The company reported a net loss of 86,330,797.26 for the period[192]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,592,037,874.98, a decrease of 6.49% compared to the end of the previous year[27]. - The net assets attributable to shareholders of the listed company were CNY 2,002,881,280.48, a decrease of 0.71% from the end of the previous year[27]. - The total value of restricted assets at the end of the reporting period was 2,535,529,549.73, including cash, receivables, investment properties, fixed assets, and intangible assets[55]. - The company's total current assets decreased to ¥2,813,502,225.13 from ¥3,999,556,051.72 as of December 31, 2019, representing a decline of approximately 29.5%[121]. - The company's total liabilities decreased to ¥4,589,156,594.50 from ¥4,690,837,562.24, showing a reduction of about 2.2%[127]. - The company's long-term payables rose to 1,110,948,110.59, representing a 392.39% increase, primarily due to new capital contributions and deferred payments with financing characteristics[54]. - The company's total equity attributable to shareholders was ¥2,002,881,280.48, down from ¥2,017,242,725.73, a decrease of approximately 0.7%[127]. - The company's total equity at the end of the period was 1,150,312,097.00[192]. Investments and Capital Management - The company is in the process of a non-public stock issuance, pending approval from the China Securities Regulatory Commission[9]. - The company approved a capital increase of RMB 800 million (approximately $12 million) to its subsidiary Qinghai Electronics, with an external investor contributing RMB 400 million (approximately $6 million)[104]. - The company plans to raise capital through a non-public stock issuance, with the application being accepted by the China Securities Regulatory Commission on July 14, 2020[101]. - The company has plans for future capital increases through retained earnings, which may enhance financial stability[179]. - The company aims to optimize its financial structure and reduce debt levels through various channels, including private placements[70]. Market Position and Strategy - The company focuses on the research, production, and sales of electrolytic copper foil, primarily used in lithium battery manufacturing[35]. - The company aims to become a global leader in lithium battery copper foil, emphasizing quality management and market strategies[42]. - The company has established stable partnerships with major domestic battery manufacturers, including CATL and BYD, enhancing its market position[39]. - The company aims to strengthen its market position by targeting the top ten domestic battery manufacturers for more orders[45]. - The demand for lithium battery copper foil is rapidly increasing, with a focus on high energy density and safety, which the company aims to capitalize on[69]. Research and Development - The company is committed to technological innovation, with ongoing development of thinner copper foil products to meet market demands[39]. - The company's research and development expenses increased by 117.86% to ¥34,667,999.75, reflecting a commitment to innovation[49]. - Research and development expenses for the first half of 2020 were ¥34,667,999.75, compared to ¥15,913,331.34 in the same period of 2019, an increase of 118.5%[137]. Environmental Compliance - The company’s subsidiary, Qinghai Electronic Materials Co., Ltd., is a key monitoring unit for environmental protection, and all emissions are compliant with the required standards[90]. - The total annual discharge of industrial wastewater is 157,064 tons, with all pollutants meeting the discharge standards[90]. - The company has established pollution prevention facilities that are operational and match the scale of production[92]. - The company has paid environmental protection taxes and has not violated any environmental laws or regulations during the reporting period[98]. Corporate Governance - The company has not proposed any profit distribution or capital reserve transfer to increase share capital during the reporting period[7]. - The integrity status of the company and its major stakeholders remains good, with no significant debts or court judgments unfulfilled[79]. - The company held six extraordinary shareholder meetings and one annual meeting, all conducted in compliance with regulations[75]. - There are no significant related party transactions reported during the period, including asset acquisitions or disposals[83].

Financial Performance - Operating revenue fell by 32.65% to CNY 348,189,543.71 from CNY 516,996,834.31 year-on-year[5] - Net profit attributable to shareholders decreased by 138.06% to a loss of CNY 11,280,370.43 compared to a profit of CNY 29,638,503.57 in the same period last year[5] - Basic and diluted earnings per share were both -0.0081, a decrease of 130.00% compared to CNY 0.0270 in the same period last year[7] - Operating profit for Q1 2020 was CNY 6,177,819.39, a decline of 87.2% from CNY 48,170,541.25 in Q1 2019[36] - The company reported a net loss of CNY 72,297,975.36 for Q1 2020, an improvement from a net loss of CNY 142,500,015.90 in Q1 2019[33] - Total revenue for Q1 2020 was CNY 173,029,865.01, a significant increase of 98.5% compared to CNY 87,071,202.77 in Q1 2019[39] - Net profit for Q1 2020 was CNY 70,202,040.54, compared to CNY 4,357,681.15 in Q1 2019, representing a year-over-year increase of 1511.5%[40] Cash Flow - Cash flow from operating activities improved significantly, showing a net inflow of CNY 1,052,412.96 compared to a net outflow of CNY 113,254,913.81 in the previous year[5] - The net cash flow from operating activities for Q1 2020 was -48,245,619.19 RMB, a decrease from 276,917,006.10 RMB in Q1 2019[44] - Total cash inflow from operating activities was 1,327,696,426.05 RMB, down from 2,555,307,908.88 RMB year-over-year[44] - The net cash flow from investing activities was 126,000,000.00 RMB, a significant improvement from -200,000,000.00 RMB in the previous year[44] - Cash inflow from financing activities was 307,770,545.86 RMB, up from 244,783,511.17 RMB in Q1 2019[45] Assets and Liabilities - Total assets decreased by 1.36% to CNY 6,954,075,393.32 compared to the end of the previous year[5] - The total liabilities for the company increased by 225.12% to CNY 728,846,616.44, mainly due to increased settlement of accounts payable[13] - The company's inventory increased by 67.95% to CNY 460,031,925.20, primarily due to the impact of COVID-19 on stock levels and increased product inventory[13] - Long-term equity investments rose by 197.82% to CNY 661,366,479.38, attributed to the accounting treatment of the leasing company's investments[13] - Total liabilities as of March 31, 2020, were CNY 2,859,698,375.63, compared to CNY 2,488,934,540.28 at the end of 2019[33] Shareholder Information - The total number of shareholders reached 82,788 at the end of the reporting period[10] - The largest shareholder, Shenzhen Bangmin Industrial Holdings, holds 9.05% of the shares, with 104,107,774 shares pledged[10] Strategic Initiatives - The company is focusing on improving cash flow and reducing losses in the upcoming quarters[5] - The company plans to jointly bid for land use rights in the Shenzhen Intelligent Manufacturing Center project, sharing ownership with three other companies[17] - The company has signed a cooperation development agreement with partners for the joint development of the Shenzhen land plot[19] Investment and Income - The company reported non-recurring gains of CNY 1,981,940.78, primarily from government subsidies and other income[8] - The company reported a profit from investment of CNY 11,646,349.90, a significant turnaround from a loss of CNY 8,298.67 in the previous year, due to the transfer of 25% equity in the leasing company[15] - Investment income for Q1 2020 was CNY 87,967,190.18, compared to a loss of CNY 8,298.67 in Q1 2019[39] Other Financial Metrics - The weighted average return on equity decreased by 1.90 percentage points to -0.46%[5] - The company's deferred income tax assets increased by 39.17% to CNY 17,128,193.75, indicating a rise in recognized deferred tax assets[13] - The company's other comprehensive income increased by 62.11% to CNY 8,584,283.20, primarily due to an increase in foreign currency translation adjustments[13]

Financial Performance - In 2019, the company reported a net profit attributable to shareholders of -121,903,598.57 CNY, a decrease of 225.39% compared to the previous year[6]. - The total operating revenue for 2019 was 2,150,059,461.15 CNY, representing a decline of 7.38% from 2018[22]. - The company's net cash flow from operating activities was 326,897,169.02 CNY, an increase of 3.74% year-on-year[22]. - The total assets at the end of 2019 amounted to 7,049,646,730.66 CNY, down 3.20% from the previous year[22]. - The company's net assets attributable to shareholders decreased by 5.54% to 2,017,242,725.73 CNY at the end of 2019[22]. - Basic earnings per share for 2019 were -0.1060 CNY, a decrease of 225.44% compared to 2018[24]. - The weighted average return on net assets was -5.87%, a decrease of 10.45 percentage points from the previous year[24]. - The company proposed no profit distribution for 2019 due to operational funding needs for 2020[6]. - The company faced significant challenges in 2019, as indicated by the substantial decline in both net profit and revenue[22]. Revenue and Sales - Total revenue for Q1 2019 was approximately CNY 516.99 million, Q2 was CNY 521.50 million, Q3 was CNY 587.20 million, and Q4 was CNY 524.36 million[25]. - Net profit attributable to shareholders for Q1 2019 was CNY 31.03 million, Q2 was CNY 12.27 million, Q3 was CNY 20.70 million, and Q4 showed a loss of CNY 185.90 million[25]. - The company reported non-recurring gains and losses of CNY 12.31 million in Q1 2019, CNY 38.55 million in Q2, and CNY 33.42 million in Q3[30]. - The consolidated revenue for the reporting period was CNY 2.15 billion, a decrease of 7.38% compared to the previous year[49]. - Total revenue for the year reached ¥2,142,986,137.32, a decrease of 7.14% compared to the previous year[52]. Market and Industry Outlook - The main business focus includes R&D, production, and sales of new materials and new energy products, particularly high-end copper foil for lithium-ion batteries[34]. - The lithium battery materials industry is expected to continue rapid growth driven by the demand from the new energy vehicle sector[34]. - The demand for lithium battery copper foil is expected to rise sharply due to the booming global lithium battery industry[37]. - The company aims to become a global leader in lithium battery copper foil, leveraging its technological strengths and market advantages[38]. - The company has established stable partnerships with major battery manufacturers such as CATL and BYD, enhancing its market position in the lithium battery sector[38]. Production and Capacity - The company has achieved mass production capabilities for ultra-thin lithium battery copper foil at 4 microns and 4.5 microns[38]. - The company plans to expand its production capacity with a technical upgrade for an annual output of 25,000 tons of copper foil[42]. - The company is producing ultra-thin lithium battery copper foils of 6 microns, 4.5 microns, and 4 microns, allowing for flexible production based on customer demand[87]. - The company has a nominal production capacity of 43,000 tons/year for lithium battery copper foil, with a focus on upgrading 25,000 tons/year capacity to enhance utilization and market share[88]. Financial Management and Strategy - The company aims to enhance management through information technology and specialized operations to achieve operational goals[34]. - The company has adopted a centralized management model for procurement and sales to optimize resource allocation[34]. - The company will leverage capital markets for refinancing to optimize its financial structure and reduce debt ratios[96]. - The company recognizes the need to quickly enhance effective capacity and market share in response to increasing competition in the lithium battery copper foil market[102]. Environmental and Regulatory Compliance - The company’s subsidiary, Qinghai Electronic Materials Co., Ltd., is a key monitored unit for environmental protection, meeting all discharge standards[146]. - The company’s total annual discharge of industrial wastewater was 773,484 tons, with COD and ammonia nitrogen emissions meeting standards[149]. - The company has implemented a comprehensive environmental monitoring scheme, contracting qualified institutions to monitor wastewater and air emissions annually[155]. - During the reporting period, the company has paid environmental protection taxes and has not violated any environmental laws or regulations[156]. Shareholder and Governance - The total number of ordinary shareholders at the end of the reporting period was 84,893, an increase from 82,788 at the end of the previous month[161]. - The controlling shareholder is Shenzhen Bangmin Industrial Holdings Co., Ltd., which was established on August 13, 2009, and is involved in various business activities including investment and new energy materials[167]. - The company reported no changes in controlling shareholders during the reporting period[170]. - The company has a commitment to communicate with shareholders, especially minority shareholders, regarding profit distribution proposals[110]. Human Resources and Management - The total number of employees in the parent company is 108, while the main subsidiaries employ 1,579, resulting in a total of 1,687 employees[194]. - The remuneration for directors, supervisors, and senior management is determined based on the company's economic performance and assessment targets[190]. - The company emphasizes a compensation policy that aligns with its development strategy, focusing on fair and sustainable remuneration based on job value and employee performance[196]. - In 2019, the company implemented a training plan that included both daily and project training, focusing on new employee onboarding and professional skill enhancement[197].

2019 年第三季度报告 公司代码：600110 公司简称：诺德股份 诺德投资股份有限公司 2019 年第三季度报告 1 / 25 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 25 2019 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈立志、主管会计工作负责人王丽雯及会计机构负责人（会计主管人员）史耀军 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|---- ...

公司代码：600110 公司简称：诺德股份 2019 年半年度报告 诺德投资股份有限公司 2019 年半年度报告 1 / 159 2019 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人陈立志、主管会计工作负责人王丽雯及会计机构负责人（会计主管人员）史耀军 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述存在的行业风险、经营风险等，敬请广大投资者查阅本报告"第 四节经营情况讨论与分析"中"二、其他披露事项"中（二）"可能面 ...