Financial Performance - Operating revenue for the period was ¥889,473,029.91, representing a significant increase of 155.46% year-on-year[18]. - Net profit attributable to shareholders was ¥65,395,787.52, a remarkable turnaround from a loss of ¥9,298,429.65 in the same period last year, marking an increase of 803.30%[18]. - Basic earnings per share increased to ¥0.0468 from a loss of ¥0.0081, reflecting a growth of 677.78%[20]. - The company reported a net profit of ¥161,809,766.54, significantly higher than ¥96,413,979.02 from the previous year, indicating a year-over-year increase of approximately 67.73%[51]. - Net profit for Q1 2021 was ¥65,395,787.52, compared to a net loss of ¥993,851.30 in Q1 2020, marking a turnaround[59]. - Total operating revenue for Q1 2021 reached ¥889,473,029.91, a significant increase of 155.5% compared to ¥348,189,543.71 in Q1 2020[57]. Cash Flow - The net cash flow from operating activities was -¥216,585,106.15, a decrease of 20,679.86% compared to the previous year[18]. - The net cash flow from operating activities for Q1 2021 was -216,585,106.15 RMB, a significant decrease compared to 1,052,412.96 RMB in Q1 2020[68]. - Total cash inflow from operating activities was 1,793,752,270.76 RMB, up from 948,967,632.81 RMB in the same quarter last year, representing an increase of approximately 89.0%[68]. - The total cash outflow from operating activities was 2,010,337,376.91 RMB, compared to 947,915,219.85 RMB in Q1 2020, indicating a rise of about 111.2%[68]. - The company’s cash and cash equivalents decreased to approximately 1.98 billion CNY from 2.21 billion CNY year-over-year[41]. - The ending balance of cash and cash equivalents was 1,316,405,935.58 RMB, down from 657,292,702.41 RMB in the same quarter last year[70]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,179,339,934.55, an increase of 2.03% compared to the end of the previous year[18]. - The company reported a total current liability of approximately 2.99 billion CNY, down from 3.15 billion CNY year-over-year[45]. - Long-term borrowings increased to 695.70 million CNY from 439.54 million CNY, indicating a significant rise of approximately 58.2%[45]. - Total liabilities amounted to ¥4,698,550,037.82, up from ¥4,604,125,752.18, marking an increase of around 2.06%[51]. - The company’s accounts receivable increased to approximately 1.37 billion CNY from 1.21 billion CNY year-over-year, indicating a growth of about 13.5%[41]. Shareholder Information - The total number of shareholders at the end of the reporting period was 72,358[22]. - The largest shareholder, Shenzhen Bangmin Industrial Holdings, held 12.75% of the shares, totaling 178,194,731 shares[22]. Research and Development - Research and development expenses increased by 60.11% to ¥13,722,463.55, indicating a commitment to enhancing product development[28]. - Research and development expenses increased to ¥13,722,463.55 in Q1 2021, up 60.5% from ¥8,570,554.04 in Q1 2020[57]. Other Income and Expenses - The company reported a government subsidy income of ¥4,484,179.60, which is included in the current period's profit[20]. - The company’s other income surged by 163.50% to ¥4,455,299.72, largely due to increased government subsidies compared to the previous year[28]. - Financial expenses for Q1 2021 totaled ¥59,706,911.45, an increase of 32.1% from ¥45,252,979.38 in Q1 2020[57]. Stock Options and Incentives - The company granted 28.5 million stock options to 133 eligible recipients, including 6 senior executives receiving 6.29 million options and 127 middle management and technical staff receiving 22.21 million options[33]. - The total accounting cost of the stock option incentive plan is approximately 50.73 million CNY, with an estimated amortization of 25.64 million CNY in 2021[36]. Investment Activities - The company experienced a 70.72% decline in investment income, reporting ¥3,410,591.09, compared to ¥11,646,349.90 in the previous year, due to the absence of prior equity transfer gains[28]. - The company’s derivative financial assets reached ¥12,758,307.50, marking a 100% increase as a result of engaging in futures hedging activities[26].

Financial Performance - Net profit attributable to shareholders was CNY -16,322,917.53, a decline of 125.50% year-on-year[12]. - Operating revenue for the first nine months was CNY 1,363,896,804.13, down 16.10% from the same period last year[11]. - Basic earnings per share were CNY -0.0142, a decrease of 125.54% year-on-year[12]. - The company reported a net loss of CNY 86,363,514.67, an improvement from a loss of CNY 142,500,015.90 in the previous period[66]. - Total operating revenue for Q3 2020 was ¥571,632,541.45, a decrease of 2.9% compared to ¥587,204,367.25 in Q3 2019[70]. - Net profit for Q3 2020 was ¥1,370,472.76, a significant decline from ¥24,930,110.75 in Q3 2019[74]. - The company’s total comprehensive income for Q3 2020 was -¥5,076,306.13, compared to ¥27,586,886.41 in Q3 2019[79]. Assets and Liabilities - Total assets decreased by 4.85% to CNY 6,707,405,726.26 compared to the end of the previous year[11]. - The company’s total liabilities increased significantly, with long-term payables rising by 391.26% to CNY 1,108,396,099.10, due to new financing arrangements[30]. - Total liabilities amounted to CNY 4,709,589,571.80, slightly increasing from CNY 4,690,837,562.24 in the previous period, reflecting a growth of approximately 0.4%[61]. - The total equity attributable to shareholders decreased to CNY 1,997,816,154.46 from CNY 2,017,242,725.73, indicating a decline of about 1.1%[61]. - The company’s total liabilities included short-term borrowings of RMB 2,490,189,818.33, reflecting the company's leverage situation[97]. Cash Flow - Net cash flow from operating activities was CNY -121,244,860.56, a decrease of 198.60% compared to the previous year[11]. - Cash flow from operating activities showed a net outflow of CNY 121,244,860.56, a decrease of 198.60% compared to the previous year[32]. - Cash flow from operating activities for the first three quarters of 2020 was a net outflow of RMB 121.24 million, compared to an inflow of RMB 122.96 million in the same period of 2019[89]. - Cash inflow from financing activities in Q3 2020 was RMB 1.88 billion, a decrease from RMB 2.33 billion in Q3 2019[89]. - Cash flow from investing activities generated RMB 205,825,413.53 in the first three quarters of 2020, a significant improvement from a negative cash flow of RMB -273,600,000.00 in the same period of 2019[94]. Shareholder Information - The total number of shareholders at the end of the reporting period was 71,653[20]. - The largest shareholder, Shenzhen Bangmin Industrial Holdings Co., Ltd., held 9.05% of shares, with 73,320,000 shares pledged[20]. Research and Development - R&D expenses surged by 131.07% to CNY 59,557,506.20, reflecting the company's increased investment in research and development[32]. - Research and development expenses rose to ¥24,889,506.45 in Q3 2020, compared to ¥9,861,329.88 in Q3 2019, reflecting a 152.1% increase[70]. Investment Activities - Investment income reached CNY 15,315,733.52, a significant increase of 6,071.50% from the previous year, due to the sale of a 25% stake in Nord Leasing[32]. - The company sold 25% of its subsidiary, Nord Leasing, for RMB 25.155 million, resulting in a 41.46% ownership stake post-transaction[44]. - The company received the first equity transfer payment of RMB 126 million and the second payment of RMB 65.775 million, totaling RMB 191.775 million for the transfer of 41.46% equity in Nord Leasing[46]. Other Income and Expenses - Government subsidies recognized in the first nine months amounted to CNY 18,253,470.46[14]. - Non-operating income for the first nine months was CNY 16,651,454.26, including various non-recurring gains[19]. - Other income increased by 160.39% to CNY 17,977,301.58, primarily due to higher government subsidies received[32]. - The company experienced a credit impairment loss of -¥2,920,236.90 in Q3 2020, an improvement from -¥3,810,212.45 in Q3 2019[74].

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 - 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].

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]

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 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2019 reached ¥1,765,067,886.84, representing a 57.89% increase compared to ¥1,117,942,885.58 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥43,303,357.66, up 30.67% from ¥33,139,131.44 in the previous year[19]. - The net profit after deducting non-recurring gains and losses surged by 309.39% to ¥37,357,619.34 from ¥9,125,285.13 year-on-year[19]. - The net cash flow from operating activities improved significantly to ¥61,408,012.19, compared to a negative cash flow of ¥101,067,136.17 in the same period last year, marking a 160.76% increase[19]. - Basic earnings per share for the reporting period were ¥0.0376, reflecting a 30.56% increase from ¥0.0288 in the same period last year[19]. - The company reported a net profit distribution of CNY -44,862,171.78, indicating a loss allocation to shareholders[148]. - The total comprehensive income for the period was CNY 33,139,131, indicating a positive performance despite the profit distribution[148]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥7,124,981,263.95, a decrease of 2.16% from ¥7,282,646,569.44 at the end of the previous year[19]. - The total liabilities stood at ¥2,253,456,045.44, slightly up from ¥2,249,386,895.36, showing a stable financial position[116]. - The total equity decreased to ¥1,802,894,434.55 from ¥1,820,667,249.61, indicating a reduction in retained earnings[116]. - The total owner's equity at the end of the reporting period is 1,150,312,097.00 with a capital reserve of 684,398,945.69 and undistributed profits of -49,114,618.81[160]. - The total liabilities decreased from CNY 4,826,998,080.66 to CNY 4,618,803,900.64, a decrease of about 4.32%[106]. Research and Development - R&D expenses surged by 142.29% to approximately ¥15.91 million, reflecting the company's increased investment in research and development[38]. - The company has been involved in the research and development of new materials and energy products, indicating a focus on innovation[162]. - The company aims to enhance its competitive edge by optimizing product structure and improving product quality in response to market demands[36]. Market Position and Strategy - The main business focus is on the R&D, production, and sales of new materials and new energy products, particularly high-end copper foil for lithium-ion batteries[26]. - The lithium battery material industry continues to grow rapidly, driven by the demand from the new energy vehicle sector, leading to a significant increase in demand for copper foil[29]. - The company is the first listed high-end lithium battery copper foil manufacturer in China and has successfully developed 4-micron ultra-thin copper foil[31]. - The company has established stable partnerships with major battery manufacturers such as CATL and BYD, solidifying its market position in the lithium battery copper foil sector[36]. - The company plans to further expand its production capacity and market reach to strengthen its position in the copper foil industry[35]. Financial Management and Governance - The company has not disclosed any plans for profit distribution or capital reserve transfer to increase share capital during the reporting period[6]. - The company maintained a robust internal control system, with no risk events reported during the reporting period[38]. - The company emphasized the importance of budget management, aiming to enhance financial discipline and operational oversight[37]. - The financial report was approved by the board of directors on August 27, 2019, ensuring compliance with regulatory requirements[162]. Environmental and Social Responsibility - The company has implemented environmental protection measures and pollution control plans in accordance with national and local regulations[85]. - The subsidiary Qinghai Electronics has established pollution prevention facilities that match production capacity and have been operating normally[80]. - The company has not reported any violations of environmental laws or pollution incidents during the reporting period[84]. - The company has made significant investments in environmental protection for new projects, emphasizing green development[87]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, industry policy changes, and market competition in the copper foil sector, particularly in the lithium battery materials market[55][58]. - The company aims to enhance its market share in the lithium copper foil segment amid increasing supply and competition in the industry[58]. - The 2019 new energy vehicle subsidies are expected to decline, which may impact some manufacturers but could lead to a healthier industry environment in the long run[57].

Financial Performance - In 2018, the company achieved a net profit attributable to shareholders of CNY 97,216,580, a decrease of 48.85% compared to CNY 190,044,870.53 in 2017[6]. - The company's operating revenue for 2018 was CNY 2,321,436,793.97, down 8.52% from CNY 2,537,745,848.41 in 2017[21]. - Basic earnings per share for 2018 were CNY 0.0845, a decline of 48.85% from CNY 0.1652 in 2017[25]. - The company reported a decrease of 62.54% in net profit after deducting non-recurring gains and losses, amounting to CNY 58,667,114.48 in 2018[21]. - The total revenue for the reporting period was CNY 2,307,685,861.94, a decrease of 10.58% compared to the previous year[59]. - The gross profit margin decreased by 2.62 percentage points to 26.37%[59]. - Domestic revenue was CNY 2,246,140,744.31, down 9.50% year-on-year, with a gross profit margin of 26.84%[59]. - The company reported a net profit attributable to shareholders of RMB 97,216,580 for the year 2018, with a cumulative distributable profit of RMB 212,932,193.47 by the end of December 2018[120]. Cash Flow and Assets - The net cash flow from operating activities increased by 39.89% to CNY 315,108,338.98, compared to CNY 225,248,986.99 in 2017[21]. - Total assets at the end of 2018 were CNY 7,282,646,569, representing a 17.14% increase from CNY 6,217,121,723 in 2017[24]. - The company's cash and cash equivalents increased to 1,279,549,273.38, accounting for 17.57% of total assets, with a growth of 67.78% compared to the previous period[73]. - The company’s total liabilities increased, with short-term borrowings reaching 2,767,080,000.00, which is 38.00% of total liabilities, marking a 32.02% increase due to increased financing[73]. Market Position and Strategy - The company holds over 30% market share in the domestic power battery market, maintaining a leading position for seven consecutive years[38]. - The company has successfully entered the supply chain of LG Chem, achieving over 20% market share globally, making it the largest supplier of lithium battery copper foil[38]. - The company aims to become a leading global supplier of lithium battery materials, focusing on technological innovation and production capacity expansion[77]. - The company has established stable partnerships with major battery manufacturers such as CATL, BYD, and LG Chem, enhancing its market influence in the lithium battery copper foil sector[44]. Research and Development - Research and development expenses decreased by 24.47% to RMB 47.43 million, reflecting a focus on completing ongoing projects[50]. - The company has developed 4-micron ultra-thin lithium battery copper foil, enhancing its competitive edge in the market as demand expands[38]. - The company is committed to advancing technology innovation and increasing the revenue share of high-value-added products, including scaling up production of 6 micron, 5 micron, and 4 micron lithium battery copper foil[97]. Profit Distribution and Governance - The company proposed no profit distribution for 2018, considering the operational funding needs for 2019[6]. - The board proposed no profit distribution for 2018, considering the operational funding needs for 2019, despite having a profit[120]. - The company has revised its profit distribution policy to prioritize cash dividends, aiming for a minimum of 30% of the average distributable profit over the last three years[109][112]. - The company is required to provide a network voting platform for shareholders during the general meeting to discuss profit distribution plans[116]. Environmental Responsibility - The company’s subsidiary, Qinghai Electronic Materials Co., Ltd., is a key monitoring unit for environmental protection, with all wastewater and gas emissions meeting the required standards[159]. - The company has not reported any violations of environmental laws or pollution incidents during the reporting period[168]. - The company has made significant investments in environmental protection for new projects, adhering to national and local regulations[169]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 85,167, a decrease from 85,712 at the end of the previous month[175]. - The top shareholder, Shenzhen Bangmin Venture Capital Co., Ltd., holds 104,107,774 shares, representing 9.05% of total shares, with 66,770,000 shares pledged[175]. - The report indicates no changes in the controlling shareholder or actual controller during the reporting period[181].

Financial Performance - Operating revenue for the period reached CNY 984,599,584.63, an increase of 87.94% year-on-year[10] - Net profit attributable to shareholders of the listed company was CNY 31,032,621.19, representing a growth of 30.36% compared to the same period last year[10] - Basic earnings per share increased to CNY 0.0270, up 30.43% from CNY 0.0207 in the same period last year[10] - The company reported a net profit of ¥243,964,814.66, up from ¥212,932,193.47, indicating a growth of about 14.6%[37] - Net profit attributable to shareholders increased to ¥31,032,621.19, up from ¥23,805,849.31, representing a growth of 30.5% year-over-year[49] - Total comprehensive income attributable to shareholders reached ¥30,912,314.60, compared to ¥24,570,827.88, marking a 25.7% increase[49] Cash Flow - Net cash flow from operating activities was negative at CNY -113,254,913.81, a decline of 133.69% compared to the previous year[10] - The net cash flow from operating activities was -113,254,913.81 RMB, a significant decrease compared to 336,157,945.22 RMB in the previous period, indicating a decline in operational performance[59] - Cash inflow from operating activities totaled 2,555,307,908.88 RMB, while cash outflow was 2,278,390,902.78 RMB, resulting in a net cash flow of 276,917,006.10 RMB, an increase from 101,011,130.47 RMB year-over-year[61] - The net cash flow from investing activities was -59,517,954.85 RMB, worsening from -21,989,167.34 RMB in the previous period, reflecting increased investment expenditures[59] - Cash inflow from financing activities was 1,259,778,296.13 RMB, up from 1,198,370,219.39 RMB, indicating a rise in financing efforts[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,271,924,490.15, a decrease of 0.15% compared to the end of the previous year[10] - Total current assets increased to ¥3,683,030,924.45 from ¥3,595,257,441.95, representing a growth of approximately 2.4% year-over-year[31] - Total non-current assets decreased to ¥3,588,893,565.70 from ¥3,687,389,127.49, a reduction of about 2.4%[35] - Total liabilities decreased slightly to ¥4,781,912,396.12 from ¥4,826,998,080.66, a decrease of about 0.9%[37] - Long-term borrowings increased by 59.73% to CNY 1,097,181,666.97 from CNY 686,907,604.84, indicating new long-term financing[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 85,712[16] - The largest shareholder, Shenzhen Bangmin Venture Capital Co., Ltd., held 104,107,774 shares, accounting for 9.05% of the total[16] Research and Development - R&D expenses increased significantly by 451.01% to CNY 11,819,029.13 from CNY 2,144,978.10, reflecting a boost in R&D investment[21] - Research and development expenses for Q1 2019 were ¥11,819,029.13, significantly higher than ¥2,144,978.10 in Q1 2018, representing an increase of about 450%[47] Operational Changes - Accounts receivable increased by 40.66% to CNY 1,181,489,126.79 from CNY 839,985,386.60 due to higher sales revenue on credit[20] - Prepayments surged by 167.61% to CNY 41,883,330.68 from CNY 15,650,651.39, primarily due to increased procurement[20] - Inventory decreased by 50.34% to CNY 255,025,562.15 from CNY 513,534,136.62, attributed to increased sales and reduced procurement[20] - The company reported a significant increase in other payables by 83.77% to CNY 228,405,339.00 from CNY 124,286,401.55, mainly due to increased inter-company transactions[21] Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[39] - The company plans to jointly bid for land use rights in a project with three other companies, sharing the project land use rights equally[25]

1 / 22 2018 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 2018 年第三季度报告 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 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）许冬保 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 单位：元币种：人民币 3 / 22 2018 年第三季度报告 | 归属于上市公司 | 35,259,330.84 | 145,935,211.48 | 145,935,211.48 | | -75.84 | | | ...