2021 年第三季度报告 单位：元 币种：人民币 1 / 13 证券代码：601882 证券简称：海天精工 宁波海天精工股份有限公司 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。 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈保证 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 本报告期 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|--------------------------------|------------------|---------- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,268,496,718.19, representing an increase of 87.73% compared to the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥158,809,925.50, a significant increase of 196.51% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥142,422,456.17, up 258.84% from the previous year[21]. - The basic earnings per share for the first half of 2021 was ¥0.3042, reflecting a year-on-year increase of 196.49%[22]. - The total assets of the company at the end of the reporting period were ¥3,439,375,342.44, an increase of 15.62% compared to the end of the previous year[21]. - The net cash flow from operating activities was ¥102,598,056.49, down 44.79% compared to the same period last year[21]. - The weighted average return on net assets increased by 6.94 percentage points to 11.05%[22]. - The company reported a significant increase in inventory, which rose by 26.15% to ¥978,992,579.30 from ¥776,034,365.99, due to higher order volumes[51]. - The company reported a total current assets of approximately RMB 2.80 billion as of June 30, 2021, an increase from RMB 2.32 billion at the end of 2020, representing a growth of about 20.5%[134]. - The company reported a total of ¥124,236,000.00 in dividends distributed, significantly higher than ¥23,490,000.00 in the previous year, marking an increase of 429.5%[168]. Operational Insights - The company achieved a 50.7% year-on-year increase in revenue for the first half of 2021, with a total profit of 1.55 billion RMB, compared to a loss of 210 million RMB in the same period last year[37]. - The metal cutting machine tool industry saw a 41.0% increase in new orders and a 30.7% increase in production from January to June 2021[37]. - The company employs a "sales-driven production" model, tailoring production based on customer orders and requirements[33]. - The company has established a strong customer base across various industries, enhancing its brand image and market recognition[39]. - The company focuses on high-end CNC machine tools, with a product range that includes CNC gantry machining centers and CNC lathes[30]. Research and Development - The company has accumulated over 219 patents in the field of CNC machine tool research and development, establishing itself as a leading domestic enterprise[40]. - Research and development expenses increased by 76.68% to ¥47,930,426.77 from ¥27,128,144.98, reflecting higher investment in product development[43]. - The company invested $200 million in R&D for new technologies, focusing on AI and machine learning advancements[200]. Market and Competitive Landscape - The CNC machine tool market is expected to continue growing, driven by demand from sectors such as aerospace, automotive, and energy[37]. - The company faces operational risks due to economic cycles affecting fixed asset investments in the machine tool industry[69]. - The company is exposed to competitive risks in the CNC machine tool sector, which is characterized by high technology and capital intensity[70]. - The company faces increasing competition from high-end CNC machine tool enterprises from countries like Japan and Germany, necessitating ongoing efforts to close the technological gap with international firms[72]. Financial Position and Liabilities - The total amount of accounts receivable increased by 11.60% to ¥191,859,930.98 from ¥171,923,430.73, driven by increased sales and longer collection periods for overseas sales[51]. - The company’s total liabilities increased, with accounts payable rising by 68.57% to ¥586,781,588.25 from ¥348,095,274.48, reflecting increased material purchases[53]. - The total liabilities increased to CNY 1,822,337,166.14 as of June 30, 2021, from CNY 1,459,700,409.39 at the end of 2020, representing an increase of approximately 24.8%[150]. - The total guarantee balance at the end of the reporting period was ¥2,918.44 million, accounting for 2.04% of the company's net assets[118]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit, with major pollutants including wastewater, waste gas, noise, and solid waste[82]. - The company has established a wastewater treatment station, ensuring that wastewater discharge meets regulatory standards[87]. - The company has implemented measures for air pollution control, including the use of activated carbon adsorption, with emissions meeting standards[87]. - The company has conducted environmental monitoring through third-party agencies, confirming that all pollutants are within acceptable limits[92]. Shareholder and Governance Matters - The actual controller and shareholders committed to not reducing their holdings of the company's stock below the issuance price for two years after the lock-up period ends[96]. - The total number of ordinary shareholders at the end of the reporting period was 13,770[122]. - The largest shareholder, Ningbo Haitian Co., Ltd., held 201,986,000 shares, representing 38.69% of the total shares[123]. - The company has not reported any new major strategies or product developments in the current reporting period[111][120]. Future Outlook - The company provided guidance for Q4 2023, expecting revenue to be between $5.5 billion and $5.7 billion, indicating a potential growth of 6% to 10%[200]. - The company plans to enter the Asian market, targeting a revenue contribution of $1 billion by 2025[200].

2021 年第一季度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2021 年第一季度报告 1 / 20 2021 年第一季度报告 | --- | --- | --- | |-------|-------|------------------| | | | | | | | | | | | 目录 | | | | | | | | 一、重要提示 . | | | | 二、公司基本情况 | | | | 三、重要事项 . | | | | 四、附录 . | 2 / 20 2021 年第一季度报告 单位：元 币种：人民币 3 / 20 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 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈保证 季度报告中财务报表的真实、准确、完整。 1.4 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's operating revenue for 2020 was approximately RMB 1.63 billion, representing a 40.12% increase compared to RMB 1.16 billion in 2019[26]. - Net profit attributable to shareholders for 2020 was approximately RMB 138.22 million, an increase of 80.17% from RMB 76.72 million in 2019[26]. - The net cash flow from operating activities for 2020 was approximately RMB 540.36 million, up 147.68% from RMB 218.16 million in 2019[26]. - The total assets at the end of 2020 were approximately RMB 2.97 billion, a 35.5% increase from RMB 2.20 billion at the end of 2019[26]. - Basic earnings per share for 2020 were RMB 0.26, compared to RMB 0.15 in 2019[26]. - The weighted average return on equity for 2020 was 10.33%, an increase of 4.22 percentage points from 6.11% in 2019[26]. - The company reported a quarterly operating revenue of RMB 525.48 million in Q4 2020, showing a consistent growth trend throughout the year[29]. - The net profit attributable to shareholders in Q4 2020 was approximately RMB 48.65 million, reflecting strong performance in the last quarter[29]. - The company achieved a net profit of RMB 117.46 million after deducting non-recurring gains and losses, which is a 131.63% increase from the previous year[26]. Dividend Distribution - The company plans to distribute a cash dividend of 2.38 RMB per 10 shares, totaling 124,236,000 RMB for the year 2020[7]. - The total number of shares for the dividend distribution is based on 522,000,000 shares outstanding[7]. - The company has established a policy to distribute at least 33% of the distributable profits as cash dividends each year[137]. - In cases of significant investments or cash expenditures exceeding 20 million RMB, the minimum cash dividend proportion should be 40%; if there are no significant investments, it should be at least 80%[132]. - The company has not made any adjustments to its cash dividend policy during the reporting period[136]. - The board of directors is responsible for formulating the profit distribution plan, which must be approved by the shareholders' meeting after independent directors provide their opinions[133]. - The company has a commitment to ensure reasonable returns to investors while considering sustainable development[137]. - The company’s profit distribution plan must be disclosed and approved by at least two-thirds of the voting rights at the shareholders' meeting if there are changes[136]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits[140]. - The company’s cash dividend distribution policy emphasizes a stable and continuous approach to profit distribution[137]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The company has appointed Lixin Certified Public Accountants as its auditing firm, with partners Pan Shunqiao and He Jian[23]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[9]. - There were no significant lawsuits or arbitration matters reported for the year[152]. - The company has no outstanding debts or integrity issues related to court judgments during the reporting period[153]. - The company reported a total amount of related party transactions of ¥19,494,062.02, accounting for 1.19% of similar transaction amounts[156]. - The company ensures that transactions with its controlling shareholders and related parties are conducted on an equal, voluntary, and fair basis, adhering to legal and regulatory requirements[147]. Market and Industry Insights - The metal cutting machine tool industry saw a total operating income of 708.22 billion yuan in 2020, a slight decrease of 0.5% year-on-year, while total profit increased by 20.6% to 47.56 billion yuan[44]. - The production value of metal cutting machine tools in 2020 was 19.36 billion USD, a decrease of 0.7% year-on-year, while consumption value was 21.31 billion USD, down 4.5%[46]. - The company reported a 62.18% year-on-year increase in overseas sales revenue, successfully establishing a subsidiary in Mexico[58]. - The production of CNC metal cutting machines increased by 21.5% year-on-year, indicating a trend towards product structure upgrades[47]. - The company’s market share in the CNC gantry machining center segment has improved significantly due to effective sales and production strategies[58]. Research and Development - The company has accumulated 245 patents and has established itself as a leading enterprise in CNC machine tool R&D and production in China[53]. - Research and development expenses rose to ¥70,165,430.66, an increase of 14.38% year-over-year, driven by higher personnel costs and material expenses[64]. - The company has 243 R&D personnel, which constitutes 16.5% of the total workforce[90]. - The company plans to increase R&D investment to enhance the performance and market share of its products, particularly in aerospace and new energy vehicles[124]. Environmental Compliance - The company is classified as a key regulatory unit for soil environmental pollution by the Ningbo Environmental Protection Department, with major pollutants including wastewater, waste gas, noise, and solid waste[191]. - Wastewater emissions include COD at 378 mg/L, ammonia nitrogen at 5.58 mg/L, suspended solids at 20 mg/L, total phosphorus at 0.57 mg/L, and total zinc at 0.14 mg/L, all below the respective standards[192]. - The company has established a wastewater treatment station that meets the discharge standards through chemical precipitation[194]. - The company employs third-party qualified units for safe and effective disposal of solid waste[194]. - The company has conducted environmental impact assessments prior to project construction and obtained pollution discharge permits from local environmental authorities[197]. - The company has developed emergency response plans for sudden environmental incidents, which have been filed with local environmental bureaus[198]. - In 2020, the company commissioned third-party testing agencies to monitor wastewater, waste gas, and noise, with all pollutants meeting discharge standards[199]. - All subsidiaries of the company are not classified as key polluting units, and environmentally friendly production processes are adopted to minimize pollution[200].

2020 年第三季度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2020 年第三季度报告 1 / 28 2020 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 / 28 2020 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 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈保证 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：601882 公司简称：海天精工 2020 年半年度报告 宁波海天精工股份有限公司 2020 年半年度报告 1 / 160 2020 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、 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈声明： 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 不适用 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，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阐述公司在生产经营过程中可能面临的各种风险及应对措施，敬请查 阅 "第四节 经营情况的讨论与分析"之"三、其他披露事项"中 ...

2020 年第一季度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2020 年第一季度报告 1 / 25 2020 年第一季度报告 | --- | --- | --- | |-------|-------|------------------| | | | | | | | | | | | 目录 | | | | | | | | 一、重要提示 . | | | | 二、公司基本情况 | | | | 三、重要事项 . | | | | 四、附录 | 2 / 25 2020 年第一季度报告 单位：元 币种：人民币 3 / 25 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 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈保证 季度报告中财务报表的真实、准确、完整。 1.4 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's operating revenue for 2019 was approximately CNY 1.16 billion, a decrease of 8.46% compared to 2018 [26]. - Net profit attributable to shareholders was approximately CNY 76.72 million, down 24.42% from the previous year [26]. - The net profit after deducting non-recurring gains and losses was approximately CNY 50.71 million, a decline of 40.93% year-over-year [26]. - The net cash flow from operating activities was approximately CNY 218.16 million, down 39.31% compared to 2018 [26]. - The company's total assets increased by 3.16% year-over-year, reaching approximately CNY 2.20 billion by the end of 2019 [26]. - Basic earnings per share were CNY 0.15, a decrease of 21.05% from 2018 [26]. - The weighted average return on equity was 6.11%, down 2.38 percentage points from the previous year [26]. - The company reported a revenue of 1,164.73 million RMB, a decrease of 8.46% compared to the previous year [68]. - Operating costs amounted to 906.93 million RMB, down 6.30% year-over-year, primarily due to reduced sales orders [62]. - Research and development expenses increased by 9.88% to 61.34 million RMB, attributed to higher salaries and material costs for R&D personnel [62]. - The company reported a significant increase of 267.01% in other current assets, totaling ¥198,297,581.76, due to investments in financial products [96]. Dividend Policy - The company plans to distribute a cash dividend of 0.45 RMB per 10 shares, totaling 23,490,000 RMB based on a total share capital of 522,000,000 shares [6]. - For 2019, the company distributed cash dividends of 0.45 RMB per 10 shares, totaling 23,490,000 RMB, which represents 30.62% of the net profit attributable to ordinary shareholders [136]. - The company has a cash dividend policy that mandates a minimum of 33% of distributable profits to be distributed as cash dividends each year [130]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants [5]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management [5]. - The company has appointed Lixin Certified Public Accountants as its auditing firm [24]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties [7]. - The company has not violated any regulatory decision-making procedures in providing guarantees [7]. - The company has not faced any risks of suspension or termination of its listing during the reporting period [170]. - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period [172]. Risks and Challenges - The company has outlined various risks and countermeasures in its operational report, emphasizing the importance of investor awareness regarding potential investment risks [7]. - The company faces risks from economic cycles affecting the machine tool industry, which is heavily influenced by fixed asset investments in downstream sectors [120]. - The machine tool industry is experiencing a significant decline in profitability, with the overall profit of the industry decreasing year-on-year, particularly in the metal cutting machine sector [113]. - The metal cutting machine tool industry saw a 30.4% decline in new orders in 2019, reflecting the overall market downturn [57]. Market and Sales - The company focuses on high-end CNC machine tools, including customized designs and large-scale production [39]. - The sales model combines direct sales and distribution through numerous sales service providers [43]. - The company established sales subsidiaries in Vietnam and India, with overseas sales revenue increasing by 45.29% year-on-year [58]. - Domestic revenue fell by 11.85%, while overseas revenue increased by 45.29%, indicating successful international market expansion [74]. - The consumption of metal processing machine tools in China was USD 22.31 billion in 2019, a year-on-year decrease of 23.5% [46]. - The consumption of metal cutting machine tools was USD 14.16 billion, down 21.8% year-on-year [46]. Research and Development - The company developed 7 new product varieties in 2019, which will be launched in batches to enhance scale efficiency [58]. - The company holds 264 patents and collaborates with domestic research institutions for technology development, positioning itself as a leading enterprise in CNC machine tool R&D [52]. - The company aims to increase R&D investment and adjust product planning to align with market demands, aiming to strengthen its technological advantages [114]. - The company aims to increase R&D efforts for cost-effective products in the electric vehicle and 5G communication sectors, focusing on differentiation, automation, and intelligence [117]. - The company has 254 R&D personnel, accounting for 18.17% of total employees [91]. Corporate Governance - The actual controller and shareholders committed to not transferring or entrusting their shares for 36 months from the date of the company's stock listing [140]. - Shareholders and senior management committed to not reducing their holdings below the issuance price for two years after the lock-up period expires [140]. - The company has a long-term commitment to not engage in any competitive business activities with its subsidiaries [146]. - The company will not manipulate or instruct the issuer due to its controlling position [147]. - The company committed to stabilize its stock price if it falls below the latest audited net asset value for 20 consecutive trading days, with a plan to increase shareholding within 15 trading days [152]. - The company’s actual controllers and senior management are required to invest a minimum of RMB 1 million in shareholding to stabilize the stock price [155]. Environmental Compliance - The company reported no exceedance of discharge standards for wastewater and air pollutants [199]. - The company is classified as a key regulatory unit for soil environmental pollution in Ningbo City [198]. - The company has a total of 2 discharge points for wastewater with a COD concentration of 245 mg/L [199].

2019 年第三季度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2019 年第三季度报告 1 / 28 2019 年第三季度报告 | --- | --- | |------------------|-------| | | | | | | | | | | | | | 一、重要提示. | | | 二、公司基本情况 | | | 三、重要事项 | | | 四、附录 | | 2 / 28 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 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈保证 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 was CNY 517,380,905.48, a decrease of 22.79% compared to CNY 670,120,765.73 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2019 was CNY 35,222,621.48, down 32.92% from CNY 52,511,658.21 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 18,739,141.64, a decline of 55.19% compared to CNY 41,822,388.24 in the previous year[21]. - The net cash flow from operating activities was CNY 136,438,358.16, a decrease of 5.02% from CNY 143,654,090.95 in the same period last year[21]. - Basic earnings per share for the first half of 2019 were CNY 0.0675, down 32.9% from CNY 0.1006 in the same period last year[24]. - The diluted earnings per share were also CNY 0.0675, reflecting the same percentage decrease of 32.9%[24]. - The weighted average return on net assets decreased to 2.83%, down 1.62 percentage points from 4.45% in the previous year[24]. - The company reported a total profit for the first half of 2019 of approximately ¥43.04 million, a decrease of 30.7% from ¥62.15 million in the first half of 2018[148]. - The total comprehensive income for the first half of 2019 was approximately ¥34.79 million, a decrease of 34.9% from ¥53.30 million in the same period of 2018[150]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,155,184,556.26, an increase of 1.27% from CNY 2,128,152,308.85 at the end of the previous year[21]. - The total liabilities reached CNY 912,794,883.11, compared to CNY 889,667,397.43 at the end of 2018, indicating a rise in liabilities[137]. - The total equity attributable to shareholders was CNY 1,242,389,673.15, slightly up from CNY 1,238,484,911.42[137]. - The company's cash and cash equivalents decreased to CNY 229,818,601.56 from CNY 270,529,856.01[131]. - The company's total current assets increased to CNY 1,387,011,835.61 from CNY 1,316,158,631.78, indicating a growth of approximately 5.4%[131]. Operational Strategy - The company focuses on high-end CNC machine tools, including CNC gantry machining centers and CNC lathes, with a strong emphasis on customized design and large-scale production[29]. - The company adopts a "sales-driven production" model, tailoring production based on customer orders and specific requirements[34]. - The company has improved customer service quality over the years, receiving positive feedback for its pre-sale, in-sale, and after-sale services[42]. - The company utilizes a mixed procurement strategy, combining centralized and decentralized purchasing methods to optimize supply chain efficiency[33]. - The company aims to maintain low operational costs while providing high-quality services, leveraging its local presence for faster response times compared to international competitors[42]. Market Conditions - The CNC machine tool industry in China is experiencing downward pressure due to trade tensions and a sluggish automotive market, impacting demand[37]. - The company faces various operational risks, which are detailed in the report, and investors are advised to pay attention to these risks[7]. - The company is exposed to competition risks from both domestic and international high-end CNC machine tool manufacturers, necessitating continuous technological advancements[65]. Shareholder Commitments - The company did not propose any profit distribution or capital reserve increase for the half-year period ending June 30, 2019[70]. - The company has committed to a 36-month lock-up period for shareholders, during which they will not transfer or manage their shares[73]. - Shareholders have pledged that any reduction in their holdings within two years after the lock-up period will not be below the initial offering price adjusted for dividends and other rights[73]. - The company has established a long-term commitment to avoid any direct or indirect competition with its subsidiaries[78]. - The company has ensured that any cash dividends owed will be withheld if there are violations related to share reductions[76]. Environmental Compliance - The company has established a wastewater treatment station, ensuring that wastewater discharge meets the required standards[105]. - The company employs activated carbon adsorption for exhaust gas treatment, with emissions released at a height of 15 meters[105]. - The company has implemented measures to control noise emissions, ensuring compliance with standards[108]. - The company has conducted environmental impact assessments prior to project construction and obtained pollution discharge permits[109]. - The company commissions qualified third-party monitoring agencies to conduct annual monitoring of wastewater, exhaust gas, and noise levels[111]. Corporate Governance - The financial statements were approved by the company's board of directors on August 19, 2019[200]. - The company has not faced any issues regarding the integrity of its major shareholders or actual controllers during the reporting period[91]. - The company has established a long-term commitment to fair trading practices to protect its legitimate rights and interests[82]. - The company has retained the auditing firm for the 2019 financial year, ensuring ongoing compliance and oversight of financial reporting[90].