2022 年第一季度报告 证券代码：601113 证券简称：ST 华鼎 义乌华鼎锦纶股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | | | | 变动幅度(%) | | | 营业收入 | 1,568,616,503.62 | | -33.79 | | 归属于上市公司股东的净利润 | -76,233,293.51 | | -187.09 | | 归属于上市公司股东的扣除非经常 | -94,82 ...

Financial Performance - The company reported a loss for the year 2021, with no cash dividends, stock bonuses, or capital increases from reserves proposed[5]. - The company's operating revenue for 2021 was ¥8,654,136,549.50, a decrease of 11.36% compared to ¥9,763,247,761.88 in 2020[24]. - The net profit attributable to shareholders of the listed company was -¥607,243,799.21, representing a significant increase in losses of 208.78% compared to -¥196,660,331.10 in 2020[24]. - The basic earnings per share for 2021 was -¥0.53, a decline of 211.76% from -¥0.17 in 2020[25]. - The weighted average return on equity decreased to -15.45% in 2021, down by 10.90 percentage points from -4.55% in 2020[25]. - The net cash flow from operating activities was ¥335,364,478.18, a decrease of 41.42% compared to ¥572,470,767.69 in 2020[24]. - In Q4 2021, the company reported a net profit attributable to shareholders of -¥843,863,438.25, indicating a substantial loss for the quarter[28]. - The total assets at the end of 2021 were ¥6,067,307,661.50, a decrease of 16.63% from ¥7,277,920,171.77 at the end of 2020[24]. - The company achieved operating revenue of CNY 865,413.65 million, a decrease of 11.36% compared to the previous year[37]. - The net profit attributable to shareholders was a loss of CNY 60,724.38 million, an increase in loss of 208.78% year-on-year[37]. - The comprehensive gross profit margin for the main business was 20.48%, down 4.07 percentage points from the previous year[37]. - The return on equity was -15.45%, a decrease of 10.90 percentage points compared to the previous year[37]. - The e-commerce segment experienced significant losses due to multiple factors, including the Amazon incident and VAT policy changes, leading to a substantial decline in revenue and net profit[37]. Operational Challenges - The company faced a sales suspension and fund freeze of ¥41.43 million on multiple brands by Amazon, with a remaining frozen balance of ¥21.36 million as of March 30, 2022, accounting for 3.23% of the company's cash at year-end 2021[9]. - The company has been impacted by changes in cross-border e-commerce tax policies, which may lead to inventory markdowns and returns[10]. - The company faced challenges in its cross-border e-commerce segment, leading to a decline in revenue and net profit due to various external factors[26]. - The company faced challenges in its cross-border e-commerce segment due to rising logistics costs and increased advertising expenses, impacting overall performance[36]. Governance and Compliance - The company received a standard unqualified audit report from Beijing Xinghua Accounting Firm[4]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws since December 2019[9]. - The company has not provided any guarantees or loans that violate regulatory procedures during the reporting period[8]. - The company has established a dual business model focusing on civil nylon filament and cross-border e-commerce[45]. - The company emphasizes the importance of stakeholder engagement, ensuring the protection of the rights of employees, customers, and creditors[138]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with shareholders and compliance with regulatory requirements[139]. - The company held three shareholder meetings during the reporting period, ensuring fair treatment of all shareholders and compliance with governance regulations[133]. - The board of directors convened nine meetings, maintaining a structure that includes three independent directors, ensuring compliance with legal and regulatory requirements[135]. - The supervisory board held seven meetings, fulfilling its oversight responsibilities regarding the company's financial status and management practices[137]. Risk Management - The company has acknowledged risks related to its operations and has detailed its risk management strategies in the report[10]. - The company faces risks related to macroeconomic conditions, market competition, and management capabilities, which could impact its operational performance[125]. - The company is actively addressing environmental and safety risks by adhering to strict operational standards and increasing environmental investments[127]. - The company faces risks from global economic and political changes, including trade policy shifts and geopolitical tensions, which may adversely affect multiple industries[128]. - The company's cross-border e-commerce segment relies heavily on foreign sales, with significant exposure to currency fluctuations affecting pricing competitiveness and procurement costs[129]. - The company has indirect tax obligations in key markets such as the US, Germany, and the UK, with recent changes in VAT regulations posing potential indirect tax compliance risks[130]. - The company is at risk of changes in its controlling shareholder and actual controller due to the court-approved restructuring plan of its major shareholder, San Ding Holdings[129]. Innovation and Development - The company completed the construction of a project with an annual production capacity of 150,000 tons of differentiated nylon filament, enhancing its production capacity and market share[34]. - The company is actively pursuing innovation, having developed new products such as cooling fibers and cotton-like fibers, while also advancing the construction of smart factories[35]. - The company is investing 64.5 million RMB in establishing a big data subsidiary to enhance its service capabilities in the textile industry[106]. - The company is focused on developing new products and technologies through collaboration with educational institutions, aiming for a flexible and comprehensive approach to R&D[122]. - The company is committed to innovation-driven development, focusing on enhancing core competitiveness through independent innovation and optimizing operational models[118]. Environmental Responsibility - The company has established pollution discharge standards, with wastewater discharge meeting the Class B standard of the Urban Wastewater Treatment Plant Pollution Discharge Standard (GB18918-2002)[179]. - The actual discharge concentration of CODcr in wastewater was 225 mg/L, which is below the standard limit of 500 mg/L[184]. - The company has invested significantly in pollution control facilities, ensuring stable and compliant emissions[185]. - The company emphasizes green and sustainable development, aligning with national energy-saving and emission-reduction strategies[185]. - The company has installed VOCs online monitoring equipment to conduct self-monitoring and enhance ventilation in workshops, ensuring emissions are well below national standards[185]. - The company has developed an emergency response plan for environmental incidents and conducts regular drills to ensure preparedness[189]. - The company conducts self-monitoring of environmental emissions in accordance with national standards and engages third-party agencies for pollution monitoring, with results meeting discharge standards[190]. - There were no administrative penalties imposed on the company during the reporting period for environmental issues[191]. - The company is listed as a key pollutant discharge unit in Ningbo, indicating its significant environmental impact[191]. Strategic Planning - The company plans to invest 20 million RMB in the Ningxia Kaixian Shunding Partnership, holding an 83.33% equity stake, to capture various investment opportunities and create new profit growth points[109]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million RMB for potential deals[150]. - The company plans to apply for financing credit limits from financial institutions for the year 2021[156]. - The company aims to become an internationally leading nylon R&D and manufacturing enterprise by implementing strategies focused on capacity scaling, product diversification, market high-end positioning, and brand internationalization[115]. - The company has made commitments related to performance guarantees for its acquisitions, including specific profit targets for the years 2017 to 2019[195]. - The company has pledged to comply with regulations regarding related party transactions and will disclose any such transactions in a timely manner[197].

2021 年第三季度报告 证券代码：601113 证券简称：ST 华鼎 义乌华鼎锦纶股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报 表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 1 / 16 项目 本报告期 本报告期比 上年同期增 减变动幅度 (%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 1,964,210,280.23 -20.31 7,045,864,321.95 -2.39 归属于上市公司股东的 净利润 64,608,749.58 26.77 236,619,639.04 97.35 归属于上市公司股东的 扣除非经常性损益 ...

Financial Performance - The company's operating revenue for the first half of the year reached ¥5,081,654,041.72, representing a year-on-year increase of 6.90% compared to ¥4,753,484,771.38 in the same period last year[23]. - Net profit attributable to shareholders increased by 149.54% to ¥172,010,889.46 from ¥68,931,593.36 year-on-year[23]. - The net profit after deducting non-recurring gains and losses surged by 252.80% to ¥133,208,212.81 from ¥37,757,088.87 in the previous year[23]. - Basic earnings per share rose to ¥0.15, a 150% increase from ¥0.06 in the same period last year[24]. - The weighted average return on net assets increased by 2.43 percentage points to 3.97% from 1.54% year-on-year[24]. - The total profit reached CNY 226.01 million, representing a year-on-year growth of 125.91%[54]. - The net profit attributable to the parent company was CNY 171.01 million, an increase of 149.54% compared to the previous year[54]. - The nylon filament business segment generated revenue of CNY 1.41 billion, up 62.19% year-on-year, with a profit increase of 2097.48%[54]. - The cross-border e-commerce segment reported revenue of CNY 3.60 billion, a decrease of 5.17% year-on-year, while net profit grew by 9.76%[54]. Regulatory and Legal Issues - The company has been under investigation by the China Securities Regulatory Commission since December 2019 for suspected violations of information disclosure laws[10]. - The company received a notice of administrative penalty and market ban from the regulatory authority on June 28, 2021, but has not yet received a final decision[10]. - The company has four instances of illegal guarantees and loans, with one remaining case involving a lawsuit for an amount of RMB 159 million, which is 3.64% of the latest audited net assets[110]. - The company has reached a settlement with the creditor regarding the illegal loan, and the creditor has applied to the court to lift the litigation preservation measures, but the lawsuit has not yet been withdrawn[110]. - The company has been criticized by the Shanghai Stock Exchange for inaccurate disclosure of its 2019 annual performance forecast, leading to disciplinary actions against several executives[113]. Shareholder and Ownership Structure - The controlling shareholder, San Ding Holdings, occupied funds totaling ¥578,500,009, accounting for 13.23% of the company's latest audited net assets[7]. - The company’s controlling shareholder, Sanding Holdings, reduced its shareholding from 312,557,900 shares (27.38%) to 284,567,900 shares (24.93%) after a court auction[127]. - The total number of ordinary shareholders at the end of the reporting period is 14,367[128]. - The company reported a total of 284,567,900 shares held by the largest shareholder, Sanding Holdings Group, accounting for 24.93% of the total shares[131]. - The second largest shareholder, Yiwu Financial Holdings, holds 87,440,000 shares, representing 7.66% of the total shares[131]. Business Operations and Strategy - The company has established a dual business model focusing on civil nylon filament and cross-border e-commerce[30]. - The civil nylon filament segment specializes in high-quality, differentiated products, with a leading position in product differentiation within the industry[31]. - The company plans to enhance its product offerings to meet the increasing consumer demand for differentiated and functional nylon products[33]. - The cross-border e-commerce segment has over 550,000 SKUs across various categories including 3C electronics, beauty apparel, and automotive parts[35]. - The company collaborates with thousands of quality suppliers to ensure high-quality products and cost-effectiveness[35]. Environmental Compliance - The company reported a wastewater discharge standard of 62 mg/L for CODcr, significantly below the limit of 500 mg/L[91]. - The actual concentration of ammonia nitrogen (NH3-N) in wastewater was 28.4 mg/L, which is also below the standard limit of 35 mg/L[91]. - The company maintained a noise level of 60.4 dB during the day, which is within the acceptable limit of 65 dB[91]. - The company has implemented a comprehensive waste management plan, including recycling and proper disposal of hazardous materials[88]. - The company has not faced any significant environmental violations or penalties during the reporting period[86]. Financial Position and Assets - The total assets at the end of the reporting period were ¥7,385,229,301.15, reflecting a year-on-year increase of 1.31%[24]. - The company's cash and cash equivalents decreased by 23.24% to ¥744,384,493.67, accounting for 10.08% of total assets[59]. - Accounts receivable increased by 5.89% to ¥1,089,603,426.01, representing 14.75% of total assets[59]. - Inventory rose by 20.74% to ¥1,394,726,767.73, which is 18.89% of total assets[59]. - Fixed assets increased by 16.23% to ¥2,326,703,405.31, making up 31.50% of total assets[60]. Risks and Challenges - The company faces risks related to macroeconomic conditions and industry cycles, which could impact revenue growth and profit margins[66]. - Regulatory risks are present due to the need for alignment with local government development plans in Zhejiang Province[67]. - Increased competition in the nylon fiber market has led to a rise in production and consumption, intensifying market pressures[68]. - New project risks include uncertainties in macroeconomic conditions and potential delays in project implementation[69]. - Management risks arise from the need for enhanced management capabilities as the company scales its operations[70]. Research and Development - The company has developed three core technologies with independent intellectual property rights in the nylon filament industry[51]. - The company’s development expenditure increased by 45.92% to ¥12,514,462.13, reflecting higher R&D investments in the cross-border e-commerce sector[60]. - Research and development expenses for the first half of 2021 were ¥48,800,997.40, compared to ¥39,982,521.64 in the same period of 2020, reflecting a growth of 22.7%[148]. Corporate Governance - The company appointed Chen Dezhang as the new General Manager and Huang Fang as the new Deputy General Manager, effective from January 15, 2021[82]. - The company has committed to avoiding related party transactions with its controlling and affiliated companies, ensuring transactions are conducted on a fair and reasonable basis[107]. - The company has not disclosed any new strategies or product developments in the current reporting period[106].

Financial Performance - The company reported a loss for the year 2019, leading to a profit distribution proposal of no cash dividends, no bonus shares, and no capital increase from reserves[6]. - The company's operating revenue for 2019 was CNY 8,564,710,360.89, representing a 29.71% increase compared to CNY 6,602,916,492.78 in 2018[25]. - The net profit attributable to shareholders of the listed company was a loss of CNY 1,329,206,316.44, a decrease of 609.28% from a profit of CNY 260,999,626.61 in 2018[25]. - The total assets decreased by 19.53% to CNY 7,761,577,877.06 from CNY 9,645,697,001.43 in 2018[25]. - Basic earnings per share for 2019 was -CNY 1.15, a decline of 560.00% compared to CNY 0.25 in 2018[26]. - The weighted average return on net assets was -25.39%, a decrease of 30.70 percentage points from 5.31% in 2018[26]. - The total profit was -1.23 billion RMB, a decrease of 443.87% year-on-year, with a net profit attributable to the parent company of -1.33 billion RMB, down 609.28%[62]. - The company’s nylon production volume decreased by 13.79%, and sales volume dropped by 19.00%, resulting in a gross margin reduction of 0.86 percentage points[69]. Legal and Regulatory Issues - The company is facing a lawsuit for alleged violations related to borrowing or guarantees, with a total claim amount of RMB 199,975,000[10]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, with the investigation ongoing[11]. - The company has been placed under other risk warnings due to the controlling shareholder's fund occupation, as per the Shanghai Stock Exchange regulations[11]. Shareholder and Fund Management - The controlling shareholder, San Ding Holdings, occupied funds totaling RMB 578,500,009, with no repayment received as of the report date[8]. - The company has not provided any forward-looking statements or commitments regarding future performance, emphasizing the need for investors to be aware of risks[7]. - The audit report issued by Beijing Xinghua Accounting Firm contains a qualified opinion, indicating potential issues with the financial statements[5]. Business Operations and Strategy - The company has established a dual business model focusing on civil nylon filament and cross-border e-commerce[32]. - The civil nylon filament segment produces high-quality differentiated products, with a product differentiation rate leading the industry[33]. - The company’s civil nylon filament products are primarily used in high-end textiles, including sportswear and high-grade fabrics[34]. - The cross-border e-commerce segment utilizes multiple platforms like eBay and Amazon to sell quality Chinese products directly to overseas consumers[38]. - The company has over 550,000 SKUs across various categories, including electronics and home goods, supported by a robust supplier ecosystem[39]. - The procurement model emphasizes small batch, high frequency, and rapid delivery to optimize inventory turnover and reduce capital occupation[44]. - The company employs a data-driven approach for product development, analyzing consumer preferences and market trends[40]. - The company has established warehouses in multiple regions, including the US and Europe, to enhance logistics efficiency[39]. - The logistics system is optimized to select the best delivery solutions based on user order characteristics, with over 100 logistics partners and warehouses in both domestic and overseas locations[52]. - The company plans to enhance its overseas warehouse layout to improve user shopping experience, as average delivery times from overseas warehouses are shorter than from domestic warehouses[54]. Research and Development - Total R&D investment reached CNY 129,277,901.29, accounting for 1.51% of operating revenue, with 540 R&D personnel, representing 11.32% of total employees[80]. - The company has established a strong R&D team and has set industry standards for various nylon products, including 4 industry standards and 2 "Zhejiang Manufacturing" group standards in 2019[109]. - The company is focusing on developing differentiated and functional fibers, aiming to enhance quality and innovation in the chemical fiber industry[108]. - The company has implemented measures to mitigate raw material price fluctuation risks, including long-term agreements with suppliers and domestic sourcing strategies[118]. Market Trends and Economic Environment - The cross-border e-commerce market is rapidly growing, with significant potential in emerging markets such as Southeast Asia, India, and South America[54]. - The demand for imported products in China continues to grow, with rapid expansion in the cross-border e-commerce import market, particularly in categories such as milk powder, maternal and infant products, cosmetics, and health products[100]. - The overall capacity of the nylon 6 industry chain continues to expand, with a projected growth rate of 6.33% for nylon filament capacity in 2020 and a consumption growth rate of 5.53%[189]. - The compound annual growth rate (CAGR) for nylon demand from 2010 to 2019 reached a favorable level of 8%, despite a slight decline in market demand in 2019[189]. Impact of COVID-19 - Due to the COVID-19 pandemic, the annual auditor could not obtain sufficient evidence to verify the authenticity and recoverability of overseas receivables amounting to 82.05 million and other receivables of 8.21 million[173]. - The company is actively monitoring the pandemic situation and has implemented measures to mitigate its impact on financial operations[186]. - The company plans to conduct on-site audits and inventory checks once the pandemic situation stabilizes[188]. Customer and Supplier Relationships - The top five customers accounted for 41.61% of total sales, with Amazon being the largest customer at ¥2,118,360,564.16, or 24.73% of total sales[75]. - The top five suppliers contributed to 42.57% of total purchases, with the largest supplier being Hangzhou Hangding Nylon Technology Co., Ltd. at ¥777,841,650.12, or 12.69% of total purchases[75]. - The company does not have a dependency on major customers, as sales are conducted through various platforms[78]. Future Plans and Investments - The company plans to invest CNY 64.5 million in establishing a big data subsidiary and partnership for the textile industry, with a 25% equity stake in the new company[125]. - The company has committed CNY 40 million to a joint investment partnership, holding a 40% equity stake, aimed at capturing various investment opportunities[126]. - The company is progressing on its annual production project of 150,000 tons of differentiated nylon filament, with construction nearing completion and trial production underway[131].

Financial Performance - Operating revenue increased by 22.15% to CNY 7,218,181,848.59 year-to-date[7] - Net profit attributable to shareholders decreased by 53.77% to CNY 119,897,806.59 year-to-date[7] - Basic and diluted earnings per share decreased by 50.00% to CNY 0.11[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 47.98% to CNY 86,336,308.63 year-to-date[7] - The company reported a net loss of CNY 630,916,828.58, an improvement from a loss of CNY 750,814,635.17 in the previous year[23] - The company’s total profit for the first three quarters of 2020 was ¥157,967,574.10, down from ¥299,006,108.82 in the same period of 2019, a decline of 47.0%[32] - The net profit for Q3 2020 was ¥49,580,112.38, compared to a net profit of ¥137,631,459.31 in Q3 2019, indicating a decline of 64.0%[32] - The total profit for Q3 2020 was approximately ¥24.23 million, down from ¥27.36 million in Q3 2019, a decrease of 7.77%[36] Assets and Liabilities - Total assets decreased by 3.82% to CNY 7,464,797,073.95 compared to the end of the previous year[7] - The company's current assets totaled CNY 3,695,380,552.97, down from CNY 3,926,992,732.80 in the previous year, reflecting a decline of approximately 5.9%[21] - The total liabilities decreased to CNY 2,780,421,590.05 from CNY 3,203,201,610.08, a reduction of about 13.2%[23] - The company's equity attributable to shareholders increased to CNY 4,561,295,416.45 from CNY 4,436,995,751.20, reflecting an increase of approximately 2.8%[23] - The total non-current assets were CNY 3,769,416,520.98, a slight decrease from CNY 3,834,585,144.26, reflecting a decline of about 1.7%[22] - The company's total liabilities amounted to CNY 3,203,201,610.08, indicating a significant leverage position[48] Cash Flow - Net cash flow from operating activities decreased by 32.10% to CNY 222,395,983.97 year-to-date[7] - The cash flow from operating activities decreased by 32.10% to RMB 222,395,983.97, influenced by declining revenue in the nylon segment[15] - The net cash flow from operating activities for the first three quarters of 2020 was ¥222.40 million, down from ¥327.53 million in 2019, indicating a decline of approximately 32.1%[40] - The total cash outflow from investment activities in Q3 2020 was ¥161.25 million, significantly lower than ¥1.30 billion in Q3 2019, reflecting a decrease of about 87.6%[41] - The net cash flow from financing activities in Q3 2020 was -¥245.03 million, compared to a positive cash flow of ¥279.05 million in Q3 2019, showing a shift of approximately 187.8%[41] Shareholder Information - Total number of shareholders reached 17,210 at the end of the reporting period[11] - The largest shareholder, San Ding Holdings Group Co., Ltd., holds 27.38% of shares, with 312,557,900 shares frozen[11] Expenses - The company reported a 102.49% increase in selling expenses, totaling RMB 2,284,661,800.73, driven by higher sales commissions and marketing costs during the pandemic[14] - The company experienced a 70.29% rise in financial expenses, amounting to RMB 71,806,444.32, mainly due to increased foreign exchange losses[14] - Research and development expenses for Q3 2020 were ¥18,994,549.97, down 37.0% from ¥30,194,782.85 in Q3 2019[31] - The company reported a financial expense of approximately ¥11.89 million in Q3 2020, an increase from ¥5.57 million in Q3 2019[35] Legal and Regulatory Issues - The company is currently involved in legal proceedings regarding RMB 2.59 billion in unauthorized loans and RMB 1.3 billion in unauthorized guarantees[16] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[17] Inventory and Receivables - Accounts receivable decreased by 81.37% to RMB 26,809,769.04 from RMB 143,905,796.78, attributed to changes in settlement methods with customers[13] - The inventory level was CNY 1,123,774,614.50, down from CNY 1,231,737,281.33, indicating a reduction of approximately 8.8%[21]

证券代码：601113 证券简称：ST 华鼎 编号：2021-043 义乌华鼎锦纶股份有限公司 关于召开 2020 年度网上业绩说明会 暨参加浙江辖区上市公司投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 义乌华鼎锦纶股份有限公司（以下简称"公司"）2020 年年度报告已于 2021 年 4 月 28 日披露，为进一步加强公司与投资者的沟通交流，让广大投资者能进一步了解公 司 2020 年经营情况，使广大投资者能更深入全面的了解公司未来发展战略。公司将于 2021 年 5 月 13 日（星期四）参加由浙江上市公司协会与深圳市全景网络有限公司共同 举办的辖区上市公司投资者网上集体接待日主题活动,同时召开 2020 年度业绩说明会。 本次业绩说明会和投资者网上集体接待日主题活动将采用网络方式进行，投资者可以登 录"全景·路演天下"网站参与交流。 活动时间：2021 年 5 月 13 日 15:00-17:00 活动网址："全景·路演天下"（http://ir.p5w.net） 本次年度业绩说明 ...

Financial Performance - Operating revenue for the period was ¥2,369,260,541.22, representing a growth of 26.27% year-on-year[5] - Net profit attributable to shareholders was ¥87,538,818.77, a significant increase of 224.46% compared to the same period last year[5] - Basic earnings per share increased to ¥0.08, reflecting a growth of 300% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains was ¥48,993,075.32, an increase of 140.03% year-on-year[5] - Total operating revenue for Q1 2021 reached ¥2,369,260,541.22, a 26.2% increase from ¥1,876,388,560.32 in Q1 2020[28] - Net profit for Q1 2021 was ¥86,882,701.94, up 76.5% compared to ¥31,486,659.94 in Q1 2020[29] - Operating profit for Q1 2021 was ¥89,843,926.92, representing a 114.5% increase from ¥41,989,137.19 in Q1 2020[29] - The company reported a total profit of ¥121,939,447.50 for Q1 2021, up 173.4% from ¥44,638,507.38 in Q1 2020[29] Cash Flow - The net cash flow from operating activities was -¥76,612,696.98, a decline of 39.03% year-on-year[5] - Cash inflow from operating activities for Q1 2021 was CNY 2,002,532,853.32, an increase of 11.8% compared to CNY 1,791,829,988.90 in Q1 2020[36] - Net cash flow from operating activities was -CNY 76,612,696.98 in Q1 2021, worsening from -CNY 55,106,244.49 in Q1 2020[36] - Cash outflow from investing activities was CNY 36,764,681.21 in Q1 2021, down 33.3% from CNY 55,153,526.21 in Q1 2020[37] - Net cash flow from financing activities was -CNY 89,866,640.16 in Q1 2021, an improvement from -CNY 125,940,719.93 in Q1 2020[37] Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,291,115,919.51, a slight increase of 0.02% compared to the end of the previous year[5] - Current liabilities decreased to CNY 2,039,649,768.70 from CNY 2,105,264,288.84, reflecting a reduction of approximately 3.14%[20] - Non-current liabilities totaled CNY 791,649,596.23, down from CNY 813,123,413.85, indicating a decrease of about 2.88%[21] - The company's total equity increased to CNY 4,459,816,554.58 from CNY 4,371,532,469.08, representing a growth of approximately 2.01%[21] - Total liabilities decreased to CNY 2,831,299,364.93 from CNY 2,918,387,702.69, a reduction of approximately 2.98%[21] - The company holds cash and cash equivalents of approximately ¥184.39 million[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,240[11] - The largest shareholder, Sanding Holdings Group Co., Ltd., held 27.38% of the shares, with 312,557,900 shares frozen[11] Expenses - Operating costs increased by 40.08% to CNY 1,676,696,161.93 due to adjustments in cross-border e-commerce service freight accounting[14] - Management expenses rose by 87.69% to CNY 76,013,201.78, primarily due to increased rental fees and employee compensation[14] - Financial expenses surged by 122.88% to CNY 31,064,009.34, influenced by exchange rate fluctuations[14] - Research and development expenses increased to ¥30,754,161.57 in Q1 2021, up 59.5% from ¥19,312,006.36 in Q1 2020[28] Other Financial Metrics - The weighted average return on net assets rose to 2.04%, an increase of 1.43 percentage points[7] - The company reported non-recurring gains of ¥38,545,743.45 for the period[10] - The company experienced a significant reduction in financial expenses, which decreased from ¥13,937,535.22 in Q1 2020 to ¥31,064,009.34 in Q1 2021[28] - The company recorded a credit impairment loss of ¥5,568,452.80 in Q1 2021, a significant increase from ¥143,974.46 in Q1 2020[28] Project Development - The company is progressing on its "annual production of 150,000 tons of differentiated nylon filament project," with civil engineering completed and trial production underway[16]

Financial Performance - The company reported a loss for the year 2020, with no cash dividends or stock bonuses proposed due to financial conditions [5]. - The company's operating revenue for 2020 was approximately ¥9.76 billion, representing a year-on-year increase of 13.99% compared to ¥8.56 billion in 2019 [24]. - The net loss attributable to shareholders was reduced to approximately ¥196.66 million, an improvement of 85.20% from a loss of ¥1.33 billion in 2019 [24]. - The cash flow from operating activities increased by 39.44% to approximately ¥572.47 million, compared to ¥410.55 million in 2019 [24]. - Total assets at the end of 2020 were approximately ¥7.29 billion, a decrease of 6.08% from ¥7.76 billion at the end of 2019 [25]. - The basic earnings per share improved to -¥0.17 in 2020, a significant increase of 85.22% from -¥1.15 in 2019 [26]. - The weighted average return on equity increased to -4.53% in 2020, up by 20.86 percentage points from -25.39% in 2019 [26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥239.65 million, an improvement of 65.09% from -¥686.44 million in 2019 [24]. - The company reported a significant increase in government subsidies, amounting to approximately ¥66.18 million in 2020, compared to ¥56.73 million in 2019 [31]. Legal and Regulatory Issues - The company is involved in legal proceedings related to a total of RMB 199,975,000 in lawsuits due to alleged irregular borrowings and guarantees [8]. - The company has been under investigation by the China Securities Regulatory Commission since December 2019 for suspected violations of information disclosure laws [10]. - The company has not received a conclusive opinion from the regulatory body regarding the ongoing investigation [10]. - The company’s financial report indicates a significant risk due to ongoing legal and regulatory issues [10]. - The company has recognized a total of RMB 1.3 billion in violations related to loans and guarantees, with RMB 1.3 billion already processed [149]. - The company is currently undergoing an investigation by the China Securities Regulatory Commission for suspected information disclosure violations, with no conclusive results available yet [149]. - The company has acknowledged significant internal control deficiencies regarding related party fund occupations [147]. Shareholder and Dividend Policies - The company has established a cash dividend policy, ensuring that at least 10% of distributable profits are allocated for cash dividends when conditions are met [135]. - The company did not distribute any cash dividends for the fiscal year 2020 due to a net loss of -120,895,865.30 CNY [139]. - The profit distribution plan for 2020 proposed by the board includes no cash dividends, no stock dividends, and no capital increase from reserves [139]. - The company has a three-year shareholder dividend return plan for 2020-2022, which is subject to the company's financial performance and regulatory guidelines [139]. - The company’s actual distributable profit for 2020 was -428,247,346.56 CNY, indicating ongoing financial challenges [139]. Business Operations and Strategy - The company has established a dual business model focusing on civil nylon filament and cross-border e-commerce [36]. - The company completed the acquisition of "Tongtuo Technology" in 2018, which initiated a dual-main business model contributing to revenue growth [26]. - The company is focusing on developing new products, including functional and green fibers, to enhance product quality and customer satisfaction [62]. - The company is enhancing its brand image and market competitiveness through the development of self-owned brands in the e-commerce sector [64]. - The company is actively seeking new platforms and markets to diversify its product categories and reduce the impact of market fluctuations [130]. Environmental Compliance and Sustainability - The company has committed to maintaining compliance with environmental regulations and has increased investments in environmental protection measures [132]. - The company has not faced any major environmental violations or penalties [172]. - The company emphasizes green and sustainable development as a core strategy, aligning with national energy-saving and emission reduction goals [178]. - The company has implemented a noise control strategy to ensure compliance with the Class 3 standard of the Industrial Enterprise Boundary Noise Emission Standard [175]. - The company has established a waste management plan, including the disposal of hazardous waste by qualified units and recycling of production waste [174]. Supply Chain and Production - The company has established a deep collaborative ecosystem with thousands of quality suppliers to ensure high product quality [42]. - The procurement model for cross-border e-commerce emphasizes small batches and rapid replenishment to optimize inventory turnover [45]. - The company has optimized its logistics solutions through a management information system, enhancing delivery efficiency [42]. - The company has a designed production capacity of 4.2 million tons in the first plant, with a utilization rate of 59%, and 4 million tons in the second plant, with a utilization rate of 81% [104]. - The company has implemented a strategy to mitigate raw material price volatility by signing long-term agreements with suppliers and achieving domestic sourcing of raw materials [106]. Market Trends and Growth Opportunities - The cross-border e-commerce sector is rapidly growing, with significant market potential in emerging markets such as Southeast Asia, India, and South America [55]. - The company is focusing on export business while reducing the scale of import operations, aiming for stable growth in cross-border e-commerce [130]. - The company recognizes the trend of industry consolidation and aims to strengthen its competitive position by focusing on high-value-added products [121]. - The company is pursuing a multi-channel sales strategy to expand market share and improve profitability [128]. Internal Control and Governance - The company has implemented corrective measures to address significant internal control deficiencies, including enhancing financial management systems and conducting training for board members and executives [160]. - The company’s board has taken steps to improve internal audit functions and ensure compliance with regulatory requirements [160]. - The company has established a framework for disclosing related party transactions in a timely manner to protect shareholder interests [141].

Financial Performance - Net profit attributable to shareholders decreased by 53.77% to CNY 119,897,806.59 for the first nine months of the year[6] - Operating revenue increased by 22.15% to CNY 7,218,181,848.59 for the first nine months of the year[6] - Basic earnings per share decreased by 50.00% to CNY 0.11[7] - The company reported a net loss of CNY 623.17 million as of September 30, 2020, compared to a net loss of CNY 743.06 million at the end of 2019, indicating an improvement in losses[21] - Net profit for Q3 2020 was ¥49,580,112.38, a decrease of 64.0% compared to ¥137,631,459.31 in Q3 2019[29] - The total comprehensive income for Q3 2020 was ¥49.58 million, a decrease of 64.36% from ¥137.63 million in Q3 2019[31] Assets and Liabilities - Total assets decreased by 3.82% to CNY 7,472,547,537.10 compared to the end of the previous year[6] - The company's total assets were reported at ¥6,447,990,568.48, a decrease from ¥6,605,735,042.32 in the previous year[25] - Total liabilities reached approximately $1.77 billion, with current liabilities accounting for about $986.58 million[47] - The company reported a total liability of ¥1,572,405,349.45 as of the end of Q3 2020, compared to ¥1,769,431,569.95 at the end of Q3 2019[25] - Current liabilities decreased to CNY 1.839 billion from CNY 2.182 billion, a reduction of about 15.67%[21] Cash Flow - Net cash flow from operating activities decreased by 32.10% to CNY 222,395,983.97 for the first nine months of the year[6] - The company's cash flow from operating activities decreased by 32.10% to RMB 222,395,983.97 from RMB 327,534,456.01, mainly due to declining revenue in the nylon segment[14] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 1,080,052,289.71, a decline from CNY 2,553,822,844.96 in the same period of 2019, representing a decrease of about 57.7%[39] - Net cash flow from financing activities for Q3 2020 was -CNY 245,026,227.80, compared to a positive CNY 279,051,558.11 in Q3 2019, reflecting a shift of about 187.7%[38] Shareholder Information - The total number of shareholders reached 17,210[10] - The largest shareholder, Sanding Holdings Group Co., Ltd., holds 27.38% of the shares[10] Expenses - The company reported a significant increase in sales expenses, which rose by 102.49% to RMB 2,284,661,800.73 from RMB 1,128,259,362.27, driven by higher logistics and advertising costs during the pandemic[13] - Total operating costs for Q3 2020 were ¥2,407,400,140.27, up from ¥2,096,838,695.18 in Q3 2019, reflecting a year-over-year increase of 14.8%[28] Regulatory and Legal Issues - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[15] - The company has ongoing litigation related to illegal borrowing and guarantees, which may impact future financial performance[15] - The company has involved in illegal borrowing amounting to CNY 259 million and illegal guarantees amounting to CNY 130 million, with total litigation amounting to CNY 199.975 million[15] Future Outlook - The company expects to continue focusing on market expansion and new product development in the upcoming quarters[29] - The overall market conditions and competitive landscape will influence the company's strategic decisions moving forward[32]