2019 年第一季度报告 公司代码：603002 公司简称：宏昌电子 宏昌电子材料股份有限公司 2019 年第一季度报告 1 / 19 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2019 年第一季度报告 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 公司负责人林瑞荣、主管会计工作负责人萧志仁及会计机构负责人（会计主管人员）叶迪宁 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 - In 2018, the company's operating revenue reached RMB 1,803,943,407.76, representing a 45.82% increase compared to RMB 1,237,094,651.51 in 2017[25] - The net profit attributable to shareholders was RMB 50,007,535.73, a decrease of 36.26% from RMB 78,449,430.19 in the previous year[25] - The net profit after deducting non-recurring gains and losses was RMB 40,505,488.24, down 46.60% from RMB 75,853,717.32 in 2017[25] - Basic earnings per share for 2018 were RMB 0.08, a decrease of 38.46% compared to RMB 0.13 in 2017[28] - The weighted average return on net assets was 4.45%, down 2.94 percentage points from 7.39% in the previous year[28] - The company reported a revenue for the reporting period of RMB 1.804 billion, with a net profit attributable to shareholders of RMB 50.0075 million, reflecting a decrease of 36.26% compared to the previous year[60] Cash Flow and Assets - The net cash flow from operating activities increased significantly to RMB 137,084,785.49, a 295.81% rise from RMB 34,633,915.84 in 2017[27] - The total assets at the end of 2018 were RMB 1,959,752,264.88, an 18.68% increase from RMB 1,651,264,012.33 in 2017[27] - The net assets attributable to shareholders were RMB 1,110,110,071.37, showing a slight increase of 1.09% from RMB 1,098,115,586.92 in 2017[27] - The company’s asset-liability ratio increased to 43.35%, up 9.85 percentage points from the previous year[67] - The cash and cash equivalents at the end of the period are ¥433,246,954.62, representing 22.11% of total assets, a 98.01% increase from the previous period[90] Production and Sales - The company achieved a production volume of approximately 97,500 tons and a sales volume of about 96,200 tons, representing year-on-year increases of 29.48% and 23.25% respectively[60] - The production volume of epoxy resin was 97,541.65 tons, while sales volume reached 96,159.54 tons, indicating a year-on-year increase of 29.48% and 23.25%, respectively[77] - The company’s Zhuhai plant commenced production in May 2018, achieving stable product quality and meeting customer demands[61] - The company’s Zhuhai plant achieved a capacity utilization rate of 100% in 2018, while the Guangzhou plant had a utilization rate of 50%[111] Research and Development - The company holds 22 authorized invention patents and has 6 patents under review, with 76 non-proprietary technologies developed and applied[49] - The company has initiated 15 research projects during the reporting period, with 4 new products developed and 9 projects in the pilot stage[61] - The total R&D expenditure for the period is ¥81,487,774.31, which is 4.52% of operating revenue[85] - The company has 74 R&D personnel, accounting for 22.49% of the total workforce[85] Market and Industry - The company primarily engages in the production and sales of electronic-grade epoxy resin, with no changes in its main business since establishment[37] - The company’s epoxy resin products are utilized across various industries, including electronics, coatings, and composite materials, highlighting their versatility[41] - The domestic epoxy resin market is characterized by a concentration of production capacity and a shift towards specialized, high-value products, with a need for improved product variety and quality[97] - The global epoxy resin production capacity was approximately 4.6 million tons per year in 2018, with the top three companies (Dow Chemical, Taiwan's Nan Ya Plastics, and Momentive Specialty Chemicals) accounting for one-third of the total capacity[97] Environmental and Social Responsibility - The company emphasizes safety and environmental protection, implementing strict monitoring and training programs to ensure compliance[60] - The company invested RMB 5,603.38 million in environmental protection, accounting for 3.11% of operating revenue[127] - The company has established an online monitoring system for waste gas emissions to ensure compliance with pollutant discharge standards[186] - The company actively participates in social responsibility initiatives, including long-term partnerships with suppliers and customers[177] Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.41 per 10 shares, amounting to approximately RMB 25,190,879.70, which is 50.37% of the net profit attributable to shareholders[6] - The profit distribution policy stipulates that at least 30% of the annual distributable profit must be distributed as cash dividends if conditions are met[142] - The company reported a net profit attributable to ordinary shareholders of approximately 50.01 million CNY in 2018, representing a profit distribution ratio of 50.37%[146] Risks and Challenges - The company faces challenges from environmental regulations and rising compliance costs, which may lead to the elimination of non-compliant competitors in the industry[99] - The company is exposed to risks from fluctuations in raw material prices and changes in downstream industry demand, particularly in the epoxy resin sector[137] - The company faced risks related to significant increases in fixed assets leading to potential profit declines due to depreciation[137] Corporate Governance - The company has implemented a mechanism for independent directors to gather opinions from minority shareholders regarding profit distribution proposals[141] - The company has maintained compliance with regulatory requirements regarding the disclosure of its actual controller's identity[158] - There were no significant litigation or arbitration matters reported for the year[158]

2018 年第三季度报告 3 / 21 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 本报告期末 | | 上年度末 | | | 本报告期末比上年 | | | | | | | | | 度末增减(%) | | | 总资产 | 1,885,462,428.88 | | | 1,651,264,012.33 | | | 14.18 | | 归属于上市公司股东的 | 1,107,958,648.16 | | | 1,098,115,586.92 | | | 0.90 | | 净资产 | | | | | | | | | | 年初至报告期末 | | 上年初至上年报告期末 | | | 比上年同期增减 | | | | （1-9 | 月） | （1-9 | 月） | | (%) | | | 经营活动产生的现金流 | 100,700,261.33 | | | 46,258,591.10 | | | 117.69 | | 量净额 | | | | | | | ...

Financial Performance - The company's operating revenue for the first half of 2018 reached ¥837,771,235.64, representing a 61.84% increase compared to ¥517,653,449.04 in the same period last year[20]. - The net profit attributable to shareholders was ¥34,769,035.78, a significant increase of 99.07% from ¥17,465,832.43 in the previous year[20]. - The net cash flow from operating activities was ¥21,359,573.55, a substantial increase of 9,386.47% compared to ¥225,158.35 in the same period last year[20]. - The basic earnings per share rose to ¥0.06, doubling from ¥0.03 in the previous year, indicating a 100% increase[21]. - The company reported a net profit margin of approximately 19% based on the half-year results[92]. - Operating profit for the current period was ¥41,984,842.76, up 160.2% from ¥16,142,351.83 in the previous period[95]. - The total profit for the current period was ¥42,004,265.99, an increase of 103.5% from ¥20,573,058.47 in the previous period[95]. - The total comprehensive income for the current period was ¥34,815,861.94, compared to ¥17,370,537.98 in the previous period, reflecting a growth of 100.1%[95]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥1,733,804,842.25, reflecting a 5.00% increase from ¥1,651,264,012.33 at the end of the previous year[20]. - Total liabilities reached ¥639,632,712.69, compared to ¥553,148,425.41, representing an increase of approximately 16%[89]. - Current liabilities totaled ¥583,797,374.36, compared to ¥547,948,025.41, indicating an increase of about 6%[89]. - Non-current liabilities rose to ¥55,835,338.33 from ¥5,200,400.00, showing a significant increase[89]. - The company has significant assets pledged, including fixed assets valued at ¥63,338,404.24 and intangible assets at ¥25,092,313.36 for bank loan collateral[43]. Production and Sales - The company produced 45,710 tons of epoxy resin and sold 43,590 tons in the first half of 2018, maintaining stable product quality[35]. - The company expects a production increase of over 30% for the full year 2018 compared to 75,300 tons in 2017, estimating annual revenue to rise by approximately 50%[36]. - The company’s sales model is direct to customers, allowing for quick adjustments to pricing based on raw material costs[26]. - The company’s production is primarily planned based on sales forecasts, ensuring efficient manufacturing processes[26]. Research and Development - R&D expenditure increased by 206.63% to CNY 41.54 million, reflecting a focus on new product development[38]. Environmental Compliance - The company has maintained compliance with environmental regulations, avoiding the need for large-scale remediation costs[35]. - The company is listed as a key pollutant discharge unit by the environmental protection department in Guangzhou for 2018[60]. - The total emissions of SO2 during the reporting period were 0.0158 tons, with no exceedance of discharge standards[60]. - The total emissions of NOx during the reporting period were 0.3608 tons, with no exceedance of discharge standards[60]. - The company invested RMB 840,000 to optimize VOC emission control by adding an activated carbon adsorption device and modifying the operation of existing equipment to further reduce VOC emissions[61]. - All five VOC control facilities operated effectively during the reporting period, with emissions meeting regulatory standards and no exceedances reported[62]. Shareholder Information - The total amount of guarantees provided by the company, excluding those to subsidiaries, is CNY 245 million, which accounts for 22.39% of the company's net assets[59]. - The company has not proposed any profit distribution or capital reserve increase for the half-year period[49]. - The total owner's equity at the end of the reporting period is RMB 1,070,719,355.86, an increase from RMB 996,892,377.72 at the end of the previous period, reflecting a growth of approximately 7.37%[112]. Capital Structure - The company's registered capital is RMB 300 million, with a total of 300 million shares issued at a par value of RMB 1 per share[118]. - The ownership structure includes BVI Hongchang holding 70% of the shares, while other investors hold the remaining 30%[118]. - The company has undergone significant changes in its capital structure since its establishment, including multiple rounds of investment and capital increases[114]. Financial Reporting and Compliance - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[125]. - The company confirmed its ability to continue as a going concern for the next 12 months, with no significant doubts regarding its operational capability[124]. - The consolidated financial statements include all subsidiaries controlled by the company, including Hong Kong Hongchang and Zhuhai Hongchang[123].

2018 年第一季度报告 公司代码：603002 公司简称：宏昌电子 宏昌电子材料股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 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 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减(%) | | | 总资产 | 1,709,398,867.32 | 1,651,264,012.33 | | 3.52 | | 归属于上市公司股东的 | 1,118,189,728.78 | 1,098,115,586.92 | | 1.83 | | 净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的现金流 | 75,230,699.97 | 20, ...

Financial Performance - In 2017, the company's operating revenue reached RMB 1,237,094,651.51, representing a year-on-year increase of 35.96% compared to RMB 909,889,780.26 in 2016[22]. - The net profit attributable to shareholders of the listed company was RMB 78,449,430.19, a significant increase of 194.05% from RMB 26,679,217.72 in the previous year[22]. - The basic earnings per share for 2017 was RMB 0.13, up 225.00% from RMB 0.04 in 2016[23]. - The total assets of the company at the end of 2017 amounted to RMB 1,651,264,012.33, reflecting a 9.3% increase from RMB 1,510,760,456.36 in 2016[22]. - The net assets attributable to shareholders of the listed company increased by 6.79% to RMB 1,098,115,586.92 at the end of 2017[22]. - The weighted average return on equity increased to 7.39% in 2017, up from 2.64% in 2016, marking an increase of 4.75 percentage points[23]. - The overall financial performance indicates a strong upward trend in revenue and profitability, positioning the company favorably for future growth[25]. - The company achieved operating revenue of 1.24 billion RMB, an increase of 35.96% year-on-year[48]. - Net profit reached 78.45 million RMB, representing a year-on-year growth of 194.05%[48]. Cash Flow and Assets - The company reported a net cash flow from operating activities of RMB 34,633,915.84, a decrease of 35.97% compared to RMB 54,093,171.59 in the previous year[22]. - The company's cash and cash equivalents decreased from 435.14 million RMB at the beginning of the year to 218.80 million RMB by the end of the year[193]. - Accounts receivable rose significantly from 271.98 million RMB at the beginning of the year to 390.17 million RMB by year-end, indicating increased sales activity[193]. - Inventory levels increased from 52.83 million RMB to 119.90 million RMB, suggesting a buildup of stock possibly in anticipation of future demand[193]. - The total current assets increased from 987.22 million RMB to 1,028.67 million RMB, indicating a positive liquidity position[193]. Production and Market Strategy - The company primarily engages in the production and sales of electronic-grade epoxy resin, which has remained unchanged since its establishment[31]. - The company plans to expand its market presence and enhance product development in response to growing demand in the electronics and coatings sectors[33]. - The company’s product categories include liquid epoxy resin, flame-retardant epoxy resin, solid epoxy resin, and solvent-based epoxy resin, each serving different industrial applications[32]. - The company aims to enhance product competitiveness and promote sustainable development based on customer demand and market competition[47]. - The company has established a research and development center for electronic-grade epoxy resin, holding 21 invention patents by the end of 2017[80]. Research and Development - Research and development expenses increased by 23.80% to 40.70 million RMB, reflecting a commitment to innovation[51]. - The company has initiated 21 research projects during the reporting period, with 6 new projects added, resulting in the development of 2 new products[46]. - The number of R&D personnel was 74, making up 22.49% of the total workforce[63]. - The company launched 2 new products during the reporting period and filed for 1 invention patent[64]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report, advising investors to consider investment risks[6]. - Risks include potential profit decline due to significant fixed asset increases from the new high-tech chemical project, which may lead to higher depreciation costs[103]. - Increased safety and environmental regulations pose additional operational pressures and risks related to the handling of hazardous chemicals[104]. - The company has no significant integrity issues reported for its controlling shareholders or actual controllers[116]. Shareholder Engagement and Governance - The company has established a cash dividend policy, aiming for a minimum of 30% of distributable profits to be distributed as cash dividends annually[109]. - In 2017, the company distributed cash dividends of 0.64 RMB per share, with a payout ratio of 50.12%[110]. - The company emphasizes the importance of engaging with minority shareholders regarding profit distribution proposals to ensure transparency and inclusivity[108]. - The company has implemented a second phase of the restricted stock incentive plan, with key shareholders receiving a total of 2,520,000 restricted shares contingent on performance assessments[152]. Environmental and Social Responsibility - The company has focused on safety and environmental protection, implementing measures to reduce emissions and improve monitoring[46]. - The company has invested 3.5 million RMB in environmental protection measures, including the installation of a new VOC treatment system[133]. - The company has actively participated in social responsibility initiatives, including disaster recovery efforts in Zhuhai[131]. Market Dynamics - The average domestic epoxy resin price was around RMB 14,400 per ton in the first half, which rose to approximately RMB 27,000 per ton by December 2017 due to supply-demand improvements and rising raw material costs[45]. - The domestic epoxy resin market is characterized by a concentration of production capacity and a shift towards specialized, high-value products[75]. - The electronic and electrical sectors are the primary application areas for epoxy resin, with strong demand expected from automotive electronics and new energy vehicles[73].

Financial Performance - Operating revenue for the first nine months reached CNY 817,085,068.63, a year-on-year increase of 22.97%[6] - Net profit attributable to shareholders rose by 93.11% to CNY 36,791,083.69 for the first nine months[6] - Total profit increased by 94.06% to RMB 43,517,786.58, driven by higher product gross margins[13] - Net profit for Q3 2017 was ¥19,325,251.26, compared to ¥2,309,507.13 in Q3 2016, representing a significant increase of 738.5%[26] - The company reported a total profit of ¥22,944,728.11 for Q3 2017, compared to ¥2,662,599.50 in Q3 2016, marking an increase of 764.5%[26] - The net profit for the first nine months of 2017 reached ¥39.36 million, up 117% from ¥18.12 million in the same period last year[31] Earnings and Shareholder Returns - Basic earnings per share doubled to CNY 0.06, reflecting a 100% increase[6] - Earnings per share for Q3 2017 were ¥0.03, compared to ¥0.004 in Q3 2016, indicating a substantial improvement in profitability[27] - The basic earnings per share for Q3 2017 was ¥0.03, compared to ¥0.004 in Q3 2016[31] Cash Flow - Cash flow from operating activities increased significantly by 235.76% to CNY 46,258,591.10 compared to the same period last year[6] - Net cash flow from operating activities increased by 235.76% to RMB 46,258,591.10, due to improved collection of sales proceeds[13] - The cash flow from operating activities for the first nine months of 2017 was ¥46.26 million, compared to ¥13.78 million in the same period last year, indicating a strong improvement[33] - Cash inflow from financing activities was $1.56 million, a sharp decline from $48.32 million in the same period last year[37] - Net cash flow from financing activities was -$191.18 million, compared to a positive $17.12 million in the previous year[37] Assets and Liabilities - Total assets increased by 5.75% to CNY 1,597,574,377.82 compared to the end of the previous year[6] - Total current assets increased to CNY 1,124,761,208.11 from CNY 968,995,847.72, representing a growth of approximately 16.1%[22] - Total liabilities amounted to CNY 541,940,695.72, compared to CNY 482,423,451.69, showing an increase of about 12.3%[18] - Total assets reached CNY 1,428,875,667.38, up from CNY 1,263,856,993.80, indicating an increase of around 13.1%[22] Shareholder Information - The total number of shareholders reached 33,567 by the end of the reporting period[8] - The largest shareholder, EPOXY BASE INVESTMENT HOLDING LTD., holds 41.29% of the shares[8] Government Support - The company received government subsidies totaling CNY 5,043,555.18 for the first nine months[7] Expenses and Costs - The company reported a non-recurring loss of CNY 180,916.27 for the period[9] - The company reported a decrease in management expenses to ¥38.67 million for the first nine months of 2017, compared to ¥39.70 million in the same period last year[29] - Sales expenses increased to ¥25.35 million for the first nine months of 2017, up from ¥21.31 million in the same period last year[29] Investment Activities - Investment cash flow turned negative at RMB -236,638,871.56, primarily due to increased expenditures for the construction of the Zhuhai factory[13] - The cash flow from investment activities showed a net outflow of ¥236.64 million for the first nine months of 2017, compared to a net inflow of ¥16.17 million in the same period last year[33] Market Strategy - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming quarters[24]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 517,653,449.04, representing a 19.19% increase compared to CNY 434,303,040.20 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 17,465,832.43, a 4.32% increase from CNY 16,742,393.66 in the previous year[18]. - The net profit after deducting non-recurring gains and losses decreased by 7.91%, amounting to CNY 14,899,011.62 compared to CNY 16,179,302.42 in the same period last year[18]. - The net cash flow from operating activities was CNY 225,158.35, a significant decrease of 98.00% from CNY 11,273,772.48 in the previous year[18]. - The total assets at the end of the reporting period were CNY 1,534,377,074.76, reflecting a 1.56% increase from CNY 1,510,760,456.36 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were CNY 1,035,509,679.73, showing a slight increase of 0.70% from CNY 1,028,337,004.67 at the end of the previous year[18]. - The basic earnings per share remained unchanged at CNY 0.03 compared to the same period last year[19]. - The diluted earnings per share also remained at CNY 0.03, consistent with the previous year[19]. - The weighted average return on net assets was 1.68%, a decrease of 0.02 percentage points from 1.70% in the previous year[19]. Production and Operations - In the first half of 2017, the company produced 35,890 tons of epoxy resin and sold 35,479 tons, maintaining stable product quality[30]. - The production capacity utilization rate remained high, with all production facilities operating safely and smoothly[30]. - The company is focusing on market expansion, product quality improvement, and cost control for the second half of the year[31]. - The company continues to optimize its production model and enhance product pricing and order management[30]. - The company is committed to energy conservation and emission reduction, continuously lowering energy consumption and pollutant emissions during production[30]. Financial Position - Total current assets increased slightly to CNY 988,327,664.60 from CNY 987,223,210.73, reflecting a growth of 0.11%[75]. - Accounts receivable rose to CNY 305,864,371.22, up from CNY 271,981,029.66, indicating a growth of 12.43%[75]. - Inventory increased to CNY 59,494,615.70 from CNY 52,830,366.34, representing a growth of 12.45%[75]. - Total non-current assets reached CNY 546,049,410.16, up from CNY 523,537,245.63, marking a growth of 4.28%[76]. - Total liabilities reached CNY 498,867,395.03, up from CNY 482,423,451.69, indicating an increase of 3.06%[76]. - Shareholders' equity totaled CNY 1,035,509,679.73, compared to CNY 1,028,337,004.67, reflecting a growth of 0.12%[77]. Cash Flow and Investments - The company's cash flow from investment activities turned negative at -CNY 90,514,026.23, a 229.59% decline, mainly due to factory construction expenditures[32]. - The ending cash and cash equivalents balance was CNY 326,796,115.16, down from CNY 517,357,262.24 in the previous period, reflecting a decrease of approximately 37%[90]. - The total cash balance of CNY 342,534,992.31 at the end of the period, down from CNY 435,137,086.02 at the beginning of the period, representing a decrease of approximately 21.2%[187]. Shareholder Information - The second phase of the restricted stock incentive plan involved the granting of 450,000 shares, increasing total shares from 613,961,700 to 614,411,700[55]. - The granted restricted stock represents only 0.07% of the total shares before the grant, having no significant impact on earnings per share or net asset per share[56]. - The company has a total of 8,827,020 restricted shares at the end of the reporting period, with 450,000 shares released during the period due to performance assessment achievements[58]. - EPOXY BASE INVESTMENT HOLDING LTD. holds 253,702,000 shares, representing 41.29% of the total shares, with 16,500,000 shares pledged[62]. - The top ten shareholders include various entities, with the largest being EPOXY BASE INVESTMENT HOLDING LTD., followed by Zhang Sufen with 6,550,000 shares, accounting for 1.07%[62]. Compliance and Governance - The company appointed Tianzhi International Accounting Firm for the 2017 audit services[44]. - There were no major lawsuits or arbitration matters during the reporting period[45]. - The financial report indicates that the company is in compliance with the necessary regulations and has not undergone any changes in controlling shareholders[66]. - The company has undergone a board election, with new directors elected and some resignations, ensuring continuity in governance[71]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[114]. - The company's accounting period runs from January 1 to December 31 each year, with a 12-month operating cycle[115][116]. - The company recognizes revenue from sales of goods when the risks and rewards of ownership are transferred to the buyer, and the revenue amount can be reliably measured[170]. - The company primarily engages in the production and sale of epoxy resin, with revenue recognition for exports contingent upon shipment and customs clearance[171].

2017 年第一季度报告 公司代码：603002 公司简称：宏昌电子 宏昌电子材料股份有限公司 2017 年第一季度报告 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2017 年第一季度报告 一、 重要提示 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 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 1,576,326,321.35 | 1,510,760,456.36 | | 4.34 | | 归属于上市公司 | 1,040,269,338.76 | 1,028,337,004.67 | | 1.16 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | 20,544,9 ...

Financial Performance - In 2016, the company's operating revenue was RMB 909,889,780.26, a decrease of 4.31% compared to RMB 950,913,681.04 in 2015[21] - The net profit attributable to shareholders was RMB 26,679,217.72, down 57.12% from RMB 62,219,751.24 in the previous year[21] - The basic earnings per share decreased by 60.00% to RMB 0.04 from RMB 0.10 in 2015[22] - The company's total revenue for Q4 was 245,441,834.19 RMB, showing a growth of approximately 8.5% compared to Q3's revenue of 230,144,905.87 RMB[24] - The net profit attributable to shareholders for Q4 was 7,627,316.93 RMB, which is a decrease of 66.9% from Q3's net profit of 2,309,507.13 RMB[24] - The company achieved a net profit of CNY 26,679,217.72, a decrease of 57.12% compared to the previous year[51] - Total revenue for the reporting period was CNY 909,889,780.26, down 4.31% year-on-year, primarily due to a decline in product prices[54][58] - The company's net profit decreased by CNY 35,540,533.52, reflecting a decline of 57.12% due to increased operational costs and low price margins[54] - The gross profit margin for the epoxy resin segment was 11.40%, with a slight decrease of 0.72 percentage points compared to the previous year[60] - The company's net profit margin for 2016 was approximately 2.9%, reflecting a decrease from the previous year's margin[197] Assets and Liabilities - The total assets at the end of 2016 were RMB 1,510,760,456.36, an increase of 12.39% from RMB 1,344,219,026.02 in 2015[21] - The equity attributable to shareholders increased to CNY 1,028,337,004.67 from CNY 979,370,741.39, reflecting a growth of 5%[191] - The company's total liabilities increased to CNY 482,423,451.69, compared to CNY 364,848,284.63, marking a rise of 32.3%[191] - The asset-liability ratio increased to 31.93%, up 4.79 percentage points from the previous year[54] Cash Flow - The cash flow from operating activities was RMB 54,093,171.59, a significant increase of 246.06% compared to a negative cash flow of RMB 37,035,261.20 in 2015[21] - The net cash flow from operating activities for 2016 is 54,093,171.59 CNY, an increase of 91,128,432.79 CNY compared to -37,035,261.20 CNY in 2015[69] - The net cash flow from investing activities is -46,373,504.90 CNY, a decrease of 331,630,072.79 CNY compared to 285,256,567.89 CNY in 2015[69] - The net cash flow from financing activities is 11,522,805.69 CNY, an increase of 30,522,805.69 CNY compared to -19,000,000.00 CNY in 2015[70] Research and Development - Research and development expenses increased by 6.97% to CNY 32,878,969.62, with the company filing for 3 new patents during the reporting period[57][52] - The company holds 19 invention patents and has 7 invention patents under review, along with 69 non-proprietary technologies in use[41] - The company is actively involved in the research and development of new products to enhance its market position in the epoxy resin industry[30] - The total R&D investment for the period is 32,878,969.62 CNY, representing 3.61% of operating revenue[67] Market and Sales - The average selling price of epoxy resin decreased by 9.96% year-on-year, impacting the company's profitability[49] - The sales volume of epoxy resin increased by 4,157 tons, representing a growth rate of 6.3% compared to the previous year[49] - The company has accumulated nearly 3,000 customers, with approximately 1,000 customers transacting during the reporting period[40] - The domestic epoxy resin market's main downstream consumption is concentrated in coatings (43%), electronics (27%), and composite materials (23%) with imports primarily serving high-end markets[107] Environmental and Compliance - The company invested CNY 13 million in environmental protection measures, including the installation of active carbon adsorption equipment[52] - The company is committed to maintaining high environmental standards and has implemented VOC online monitoring to ensure compliance with regulations[112] - The company has not faced any major litigation or arbitration matters during the reporting period[125] - The company has no penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[173] Profit Distribution - The company plans to distribute a cash dividend of RMB 0.22 per share, totaling approximately RMB 13,517,057.40, which represents 50.67% of the net profit attributable to shareholders[5] - The company has maintained a positive profit distribution condition, with no plans to withhold cash dividends despite having distributable profits[121] - The company has a clear and complete decision-making process for profit distribution, ensuring compliance with its articles of association[119] Corporate Governance - The company has engaged Tianzhi International Accounting Firm for its financial and internal control audits, with a remuneration of RMB 400,000 for the audit services[124] - The independent auditor confirmed that the financial statements fairly represent the company's financial position as of December 31, 2016[187] - The board of directors held a total of 9 meetings during the year, with 8 conducted via communication methods[182] - The company has established a compensation and assessment committee to evaluate senior management based on operational performance and industry salary levels[184] Shareholder Information - The total number of shareholders increased from 33,628 to 34,634 during the reporting period[150] - The largest shareholder, EPOXY BASE INVESTMENT HOLDING LTD., held 253,702,000 shares, representing 41.32% of the total shares, with a decrease of 61,298,000 shares during the period[153] - The company has a total of 4,170,000 shares granted under stock incentives, with a total compensation of 756.07 million RMB for executives during the reporting period[165]