2016 年第三季度报告 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 2016 年第三季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2016 年第三季度报告 一、 重要提示 二、 公司主要财务数据和股东变化 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 | 1,297,463,269.64 | 1,344,219,026.02 | | -3.48 | | 归属于上市公司股东的净资产 | 1,014,928,132.32 | 979,370,741.39 | | 3.63 | | | 年初至报告期末 | 上年初至上年报 | | | | | （1-9 月） | 告期末 | 比上年同期增减 | | | | | （1-9 月） | (%) | | ...

Financial Performance - The company's operating revenue for the first half of 2016 was ¥434,303,040.20, a decrease of 10.63% compared to ¥485,933,734.84 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2016 was ¥16,742,393.66, down 41.92% from ¥28,824,003.47 in the previous year[17]. - Basic earnings per share for the first half of 2016 were ¥0.03, a decrease of 57.14% compared to ¥0.07 in the same period last year[19]. - The weighted average return on net assets was 1.7%, down 1.34 percentage points from 3.04% in the previous year[19]. - The company reported a total of CNY 1,192,162,212.33 in current assets, slightly up from CNY 1,169,243,860.64, marking an increase of about 2.0%[82]. - The company recorded a decrease in total profit to ¥18,785,634.98, compared to ¥31,437,975.69 in the previous year, representing a decline of 40.5%[92]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥11,273,772.48, compared to a negative cash flow of ¥58,982,736.67 in the same period last year, representing a 119.11% increase[17]. - The company's cash and cash equivalents increased to CNY 531,188,250.25 from CNY 426,425,063.99, representing a growth of about 24.6%[82]. - The net cash flow from financing activities was ¥24,877,264.47, compared to a negative cash flow of ¥2,610,649.77 in the previous period, showing a turnaround in financing activities[98]. - The company reported a comprehensive income total of ¥16,828,115.69 for the period, reflecting the overall profitability and financial health[101]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,362,516,849.93, an increase of 1.36% from ¥1,344,219,026.02 at the end of the previous year[17]. - Total liabilities were CNY 356,768,835.92, slightly up from CNY 346,575,770.81 year-on-year[88]. - The company's equity attributable to shareholders increased to CNY 1,006,995,651.68 from CNY 979,370,741.39, reflecting a growth of approximately 2.6%[84]. Revenue Sources and Operating Costs - The main revenue sources were flame-retardant epoxy resin and liquid epoxy resin, contributing 62.86% and 20.28% to total revenue, respectively[27]. - Operating costs decreased by 9.44% to RMB 385.54 million, primarily due to a drop in raw material prices[26]. - The gross margin for the epoxy resin segment was 11.08%, down 1.14 percentage points year-on-year[28]. Shareholder Information - The company distributed a cash dividend of RMB 0.52 per share, totaling RMB 31,926,008.40, which is 51.31% of the net profit attributable to shareholders for 2015[41]. - As of the end of the reporting period, the total number of shareholders reached 42,032[65]. - The total number of shares increased from 600,000,000 to 613,961,700 due to the issuance of new restricted shares[61]. Investment and Projects - The company has committed RMB 280,389,731.48 to the Zhuhai electronic high-tech chemical project, with RMB 40,205,106.90 invested in the current period[37]. - The construction of the Zhuhai project is over 80% complete, with 95% of static equipment installation finished[38]. - The company has engaged in various wealth management products, with expected returns ranging from 1.99% to 5.8% across different investments[36]. Accounting Policies and Compliance - The company’s accounting policies comply with the requirements of the enterprise accounting standards, reflecting its financial status and operating results accurately[124]. - The company's functional currency for accounting purposes is RMB[127]. - The consolidated financial statements include all subsidiaries controlled by the company, reflecting the overall financial position, operating results, and cash flows of the entire corporate group[130]. Risk Management and Impairment - The company assesses the carrying amount of financial assets for impairment at the balance sheet date, recognizing impairment losses if there is objective evidence of impairment[146]. - The company applies impairment testing for investments in subsidiaries, joint ventures, and associates when there is objective evidence of impairment[165]. Research and Development - Research and development expenses increased by 3.23% to RMB 7.89 million, reflecting a focus on product innovation[26]. - Internal research and development costs during the research phase are expensed as incurred, while development phase costs can be capitalized if certain criteria are met[174].

1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司主要财务数据和股东变化 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2016 年第一季度报告 一、 重要提示 2016 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 2016 年第一季度报告 二、 公司主要财务数据和股东变化 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 | 1,357,610,708.56 | 1,344,219,026.02 | 1.00 | | 归属于上市公司股 | 1,030,439,622.34 | 979,370,741.39 | 5.21 | | 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(%) | | 经营活动产生的现 | -30,642,061.38 | -37,417,070.91 | 18.11 | | 金流 ...

Financial Performance - The net profit attributable to shareholders for 2015 was RMB 62,219,751.24, a decrease of 0.8% compared to RMB 62,723,368.68 in 2014[2]. - The company's total revenue for 2015 was RMB 950,913,681.04, representing a decline of 21.82% from RMB 1,216,256,762.64 in 2014[20]. - The basic earnings per share for 2015 decreased by 37.50% to RMB 0.10 from RMB 0.16 in 2014[21]. - The total operating revenue for the current period is 950,913,681.04, down from 1,216,256,762.64 in the previous period, representing a decrease of approximately 21.9%[196]. - Net profit for the current period is 62,219,751.24, compared to 62,723,368.68 in the previous period, reflecting a decrease of approximately 0.8%[197]. - Total comprehensive income for the current period is 62,455,573.91, down from 62,736,230.61, a decrease of about 0.4%[198]. Cash Flow and Assets - The cash flow from operating activities for 2015 was negative at RMB -37,035,261.20, a significant decline of 162.44% compared to RMB 59,315,780.83 in 2014[20]. - The company reported a cash flow from operating activities of CNY -37.42 million in the first quarter, improving to CNY 18.69 million in the fourth quarter, indicating a positive trend in cash flow management[23]. - The total assets as of the end of 2015 were RMB 1,344,219,026.02, a decrease of 7.31% from RMB 1,450,167,321.26 in 2014[20]. - Current assets decreased from CNY 1,328,893,163.74 to CNY 1,169,243,860.64, a reduction of approximately 12%[188]. - Cash and cash equivalents increased significantly from CNY 209,184,828.77 to CNY 426,425,063.99, representing a growth of about 104%[188]. - Total liabilities decreased from CNY 515,200,591.78 to CNY 364,848,284.63, a reduction of about 29%[190]. Shareholder Returns - The proposed cash dividend is RMB 0.52 per share, amounting to a total distribution of RMB 31,200,000.00, which is 50.14% of the net profit attributable to shareholders[3]. - In 2015, the company distributed a cash dividend of RMB 0.52 per 10 shares, totaling RMB 31,200,000, which represents 50.14% of the net profit attributable to shareholders of RMB 62,219,751.24[84]. - The total share capital increased from 400 million shares to 600 million shares due to a capital reserve conversion, with a bonus issue of 5 shares for every 10 shares held[83]. Market Position and Strategy - The company holds a leading position in the electronic-grade epoxy resin market, with a focus on high-performance and environmentally friendly products[31]. - The company has established a strong market presence in both domestic and international markets, supported by its headquarters in Guangzhou and a subsidiary in Hong Kong[32]. - The company plans to continue developing high-end green products and enhancing its technical innovation capabilities[40]. - The company plans to focus on market expansion and new product development in the upcoming fiscal year[192]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[192]. Operational Efficiency - The company reduced its operating costs, with a decrease in procurement, production, packaging, and transportation costs, contributing to enhanced competitiveness[40]. - Sales expenses decreased by 3,843,700 CNY, down 13.02% year-on-year, primarily due to optimized logistics and lower transportation costs from falling oil prices[51]. - The company achieved operating revenue of 950.91 million RMB, a decrease of 21.82% compared to the previous year[42]. Research and Development - During the reporting period, the company filed 1 patent application and received 2 invention patents, demonstrating its commitment to technological innovation[36]. - The company developed 2 new products and applied for 1 invention patent while obtaining 2 invention patents during the year[57]. - The company has invested heavily in green and environmentally friendly products, including water-based epoxy resins and halogen-free flame-retardant epoxy resins, aligning with industry trends towards energy conservation and environmental protection[68]. Governance and Compliance - The company has established a governance structure including a shareholders' meeting, board of directors, supervisory board, and management team, ensuring orderly operations[167]. - The company has no significant differences from the requirements set by the China Securities Regulatory Commission regarding corporate governance[167]. - The company confirmed that there were no issues regarding independence from the controlling shareholder in terms of business, personnel, assets, or finance[173]. Risks and Challenges - The company faces risks related to raw material price fluctuations, environmental regulations, and potential impacts from industry policy adjustments[75][76]. - The company incurred a fine of CNY 90,000 for exceeding waste gas emissions, resulting in a 50% production capacity restriction for three months[107].

Financial Performance - Operating revenue for the first nine months was CNY 714,117,419.18, a decline of 22.05% year-on-year[6] - Net profit attributable to shareholders decreased by 17.44% to CNY 40,535,076.68 for the first nine months[6] - Total revenue for Q3 2015 was CNY 228,183,684.34, a decrease of 31.5% compared to CNY 332,782,082.16 in Q3 2014[29] - The net profit attributable to shareholders for Q3 2015 was ¥11,711,073.21, representing a decline of 32.3% from ¥17,364,566.79 in Q3 2014[30] - The total profit for Q3 2015 was ¥11,650,897.77, a decrease of 43.0% compared to ¥20,495,767.98 in Q3 2014[30] - The company's net profit margin decline due to reduced revenues and increased cost pressures[29] Cash Flow - Net cash flow from operating activities was negative at CNY -55,724,662.94, a decrease of 119.94% compared to the same period last year[6] - Cash received from operating activities increased by 154.71% to ¥13,013,492.13 from ¥5,109,176.69, mainly from higher bank interest income[17] - Cash inflow from operating activities for the first nine months was ¥906,528,987.21, slightly down from ¥959,717,417.53 year-on-year[35] - Cash inflow from investment activities totaled ¥351,053,852.03, a decrease from ¥1,192,851,111.23 in the same period last year[36] - The net cash flow from investment activities was ¥338,339,319.40, contrasting with a net outflow of ¥83,389,983.37 in the previous year[36] - The company reported a decrease in cash received from sales of goods and services, totaling ¥893,206,577.06 compared to ¥953,211,014.37 last year[35] Assets and Liabilities - Total assets decreased by 10.83% to CNY 1,293,132,800.70 compared to the end of the previous year[6] - Current liabilities totaled CNY 335,803,067.51, down from CNY 511,236,918.12 at the beginning of the year, indicating a reduction of 34.3%[26] - Total assets as of September 30, 2015, amounted to CNY 1,263,173,428.76, a decrease from CNY 1,421,897,249.24 at the beginning of the year[26] Shareholder Information - The total number of shareholders reached 32,940 at the end of the reporting period[12] - The largest shareholder, Epoxy Base Investment Holding Ltd., holds 52.5% of the shares, totaling 210,000,000 shares[13] Expenses and Costs - Total operating costs for Q3 2015 were CNY 218,623,761.62, down from CNY 318,988,257.47 in Q3 2014, reflecting a reduction of 31.5%[29] - The cost of goods sold for Q3 2015 was ¥205,942,245.83, down 31.3% from ¥299,657,754.02 in the same period last year[30] - The company's sales expenses for Q3 2015 were ¥6,919,413.37, a decrease of 23.5% compared to ¥9,048,260.15 in Q3 2014[30] - The management expenses for Q3 2015 were ¥5,676,346.40, down 41.5% from ¥9,692,393.96 in Q3 2014[30] Investment and Capital Expenditures - Capital expenditures for fixed assets increased by 136.45% to ¥12,714,532.63 from ¥5,377,341.68, reflecting investments in the Zhuhai Hongchang factory[17] - Investment income dropped by 62.23% to ¥6,797,932.24 from ¥17,997,006.00, due to reduced purchases of bank wealth management products[17] - The company did not receive any cash from new borrowings during the quarter, compared to $149.11 million in the previous year[39] Government Support - The company received government subsidies amounting to CNY 1,020,275.00 during the reporting period[8] Future Outlook - Future outlook indicates a focus on cost management and potential market expansion strategies to recover from the revenue decline[29]

Financial Performance - The company's operating revenue for the first half of 2015 was ¥485,933,734.84, a decrease of 16.7% compared to ¥583,361,110.09 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2015 was ¥28,824,003.47, down 9.18% from ¥31,735,994.06 in the previous year[17]. - The net profit after deducting non-recurring gains and losses increased by 22.92% to ¥24,345,408.97 from ¥19,805,765.76 year-on-year[17]. - The net cash flow from operating activities was negative at -¥58,982,736.67, compared to -¥54,778,155.78 in the same period last year, reflecting a decrease of 7.68%[17]. - The total assets at the end of the reporting period were ¥1,311,085,879.15, a decrease of 9.59% from ¥1,450,167,321.26 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 1.05% to ¥944,746,011.78 from ¥934,923,889.48 at the end of the previous year[17]. - Basic earnings per share for the first half of 2015 were ¥0.07, down 12.50% from ¥0.08 in the same period last year[18]. - The weighted average return on net assets decreased by 12.89 percentage points to 3.04% from 3.49% year-on-year[18]. Revenue and Costs - The company achieved operating revenue of RMB 486 million in the first half of 2015, a decrease of 16.70% compared to the same period last year[23]. - Operating profit for the same period was RMB 34.47 million, indicating stable operations despite market challenges[23]. - The main business revenue from flame-retardant resin and liquid epoxy resin accounted for 58.68% and 24.15% of total revenue, respectively[26]. - The company's operating costs decreased by 19.08% to RMB 426 million, primarily due to a drop in raw material prices[25]. - Domestic sales generated RMB 426 million, a decline of 10.70%, while international sales fell by 43.54% to RMB 59.34 million[32]. - The average sales volume decreased by 13% year-on-year, contributing to the overall revenue decline[27]. - The gross profit margin for the main business increased by 2.66 percentage points to 12.22% despite lower sales[29]. Cash Flow and Investments - The overall cash flow from operating activities showed a net outflow of RMB 58.98 million, worsening by 7.68% compared to the previous year[25]. - The company reported a total of CNY 319,871,544.31 raised from its initial public offering, with CNY 13,395,787.32 utilized during the reporting period[38]. - The company has invested CNY 335,773,311.71 in the Zhuhai subsidiary for the electronic-grade chemical project, with CNY 22,042,265.46 cumulatively used[39]. - The company reported a net loss of CNY 25,133.03 from its Hong Kong subsidiary during the reporting period[41]. - The company has invested in various principal-protected financial products, with expected returns ranging from 3.0% to 5.2%[37]. - The company reported a cash inflow of 617,248,862.06 RMB from the recovery of investments, slightly lower than 652,170,000.00 RMB in the previous period[96]. Shareholder Information - The company plans to distribute profits by increasing capital reserves, proposing a 5-for-10 bonus share distribution without cash dividends[2]. - The company plans to distribute a capital reserve bonus of 5 shares for every 10 shares held, with no cash dividends for the 2015 interim profit distribution[45]. - The total number of shareholders at the end of the reporting period was 28,166[68]. - The top shareholder, EPOXY BASE INVESTMENT HOLDING LTD., holds 210,000,000 shares, representing 52.5% of the total shares[71]. - Zhang Ping, a significant shareholder, holds 11,100,000 shares, which is 2.755% of the total shares, and these shares are pledged[71]. Assets and Liabilities - Cash and cash equivalents increased to ¥444,297,274.36 from ¥209,184,828.77, showing a growth of approximately 112.4%[79]. - Accounts receivable decreased to ¥285,009,252.84 from ¥333,544,671.46, reflecting a decline of about 14.6%[79]. - Inventory decreased to ¥80,008,387.55 from ¥86,785,679.04, indicating a reduction of approximately 7.8%[79]. - The total current assets decreased to ¥1,180,387,007.49 from ¥1,328,893,163.74, a decline of about 11.2%[79]. - Fixed assets slightly decreased to ¥72,130,359.02 from ¥74,235,720.54, a reduction of approximately 2.8%[79]. - Current liabilities decreased from CNY 515,200,591.78 to CNY 366,311,307.37, a reduction of about 29%[80]. - Total liabilities decreased from CNY 515,243,431.78 to CNY 366,339,867.37, a decline of around 29%[81]. Corporate Governance and Compliance - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[4]. - There were no significant related party transactions reported during the period[52]. - The company has not faced any penalties or administrative actions from regulatory authorities[60]. - The company has retained Tianzhi International Accounting Firm for the 2015 audit without any changes during the audit period[59]. - The company did not experience any changes in its share capital structure during the reporting period[63]. - There were no major contracts or transactions reported during the period[57]. Accounting Policies and Practices - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[120]. - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date[118]. - The accounting period for the company runs from January 1 to December 31 each year[121]. - The company’s accounting currency is RMB[123]. - The company recognizes sales revenue when the risks and rewards of ownership have transferred to the buyer, and the revenue amount can be reliably measured[180].

Financial Performance - Operating income fell by 6.19% to CNY 255,080,891.00 from CNY 271,899,014.62 in the same period last year[6] - Net profit attributable to shareholders increased by 36.02% to CNY 14,117,154.25 compared to CNY 10,378,983.34 in the previous year[6] - Basic and diluted earnings per share rose by 7.14% to CNY 0.0420 from CNY 0.0392 in the same period last year[6] - Total operating revenue for Q1 2015 was CNY 255,080,891, a decrease of 6.7% from CNY 271,899,014.62 in the previous period[21] - Total operating costs for Q1 2015 were CNY 238,286,029.93, down 8.2% from CNY 259,507,769.23 in the previous period[22] - Net profit for Q1 2015 was CNY 16,786,686.55, an increase of 7.1% compared to CNY 15,680,253.94 in the previous period[22] - Operating revenue for Q1 2015 was CNY 255,080,891.06, a decrease of 5.8% compared to CNY 271,129,266.20 in the same period last year[24] - Net profit for Q1 2015 reached CNY 15,630,306.40, representing an increase of 11.8% from CNY 13,977,941.65 in Q1 2014[25] - The total profit for Q1 2015 was CNY 18,388,595.76, an increase of 11.8% from CNY 16,444,652.67 in Q1 2014[25] Cash Flow - Cash flow from operating activities showed a significant decline of 603.55%, resulting in a net cash outflow of CNY 37,417,070.91[6] - Cash and cash equivalents decreased to CNY 129,231,129.02 from CNY 202,839,969.96 at the beginning of the year[17] - Cash received from tax refunds increased significantly to CNY 1,397,226.47, a rise of 200.15% from CNY 465,508.25[12] - The company reported a cash inflow of CNY 447,250,000.00 from the maturity of bank wealth management products, marking a 100% increase[12] - Cash flow from operating activities showed a net outflow of CNY 37,417,070.91, compared to a net inflow of CNY 7,430,697.11 in Q1 2014[27] - The company reported a net decrease in cash and cash equivalents of -73,608,840.94 RMB, compared to an increase of 55,466,541.45 RMB in the same period last year[30] - The ending balance of cash and cash equivalents was 129,231,129.02 RMB, down from 199,738,072.29 RMB in the previous year[30] Assets and Liabilities - Total assets decreased by 5.26% to CNY 1,373,908,396.86 compared to the end of the previous year[6] - The total current assets decreased to CNY 1,253,345,826.85 from CNY 1,328,893,163.74, reflecting a decline of approximately 5.66%[14] - The total liabilities decreased from CNY 515,200,591.78 to CNY 422,153,684.71, indicating a reduction of about 18.06%[15] - Total assets as of March 31, 2015, amounted to CNY 1,346,138,726.19, a decrease from CNY 1,421,897,249.24 at the beginning of the year[19] - Total liabilities as of March 31, 2015, were CNY 419,890,928.67, down from CNY 511,279,758.12 at the beginning of the year[19] - Shareholders' equity totaled CNY 926,247,797.52 as of March 31, 2015, an increase from CNY 910,617,491.12 at the beginning of the year[19] Shareholder Information - The total number of shareholders reached 22,821 at the end of the reporting period[10] - The largest shareholder, Epoxy Base Investment Holding Ltd., holds 52.5% of the shares, totaling 210,000,000 shares[10] Other Financial Metrics - Government subsidies recognized in the period amounted to CNY 29,900.00[8] - Non-recurring gains and losses totaled CNY 2,669,532.30, primarily from financial product income[8] - The weighted average return on equity increased slightly by 0.01 percentage points to 1.75%[6] - The company reported a significant increase in operating tax and additional education fees, rising to CNY 559,532.75 from CNY 219,919.02, a growth of 154.43%[12] - Financial expenses decreased by 51.05%, with current expenses at CNY 70,801.51 compared to CNY 144,647.06 in the previous period[12] - The company experienced a substantial asset impairment loss reversal, with a current loss of CNY -766,556.82 compared to CNY 39,914.80 previously, marking a change of -2,020.48%[12] - Investment income decreased by 49.78%, totaling CNY 3,132,895.28, down from CNY 6,238,788.94[12] - The company incurred financial expenses of CNY 1,517,117.71 in Q1 2015, significantly higher than CNY 371,043.50 in the previous year[24] - The company paid 1,438,948.68 RMB in dividends and interest, compared to 326,376.01 RMB in the same period last year[30]

Financial Performance - In 2014, the company's net profit attributable to shareholders was RMB 62,723,368.68, a decrease of 6.81% compared to RMB 67,310,485.81 in 2013[2] - The company's operating income for 2014 was RMB 1,216,256,762.64, reflecting a slight increase of 0.73% from RMB 1,207,385,292.37 in 2013[23] - The net profit after deducting non-recurring gains and losses was RMB 40,729,066.09, down 23.19% from RMB 53,028,240.09 in the previous year[23] - The cash flow from operating activities for 2014 was RMB 59,315,780.83, an increase of 30.35% compared to RMB 45,505,785.40 in 2013[23] - The total assets at the end of 2014 amounted to RMB 1,450,167,321.26, representing a growth of 7.94% from RMB 1,343,467,635.82 in 2013[23] - The company's net assets attributable to shareholders increased to RMB 934,923,889.48, a rise of 4.70% from RMB 892,987,658.87 in 2013[23] - The proposed cash dividend for 2014 is RMB 0.475 per share, amounting to a total distribution of approximately RMB 19,000,000, which is 30.29% of the net profit[2] - Basic earnings per share decreased by 5.88% to RMB 0.16 compared to the previous year[24] - The weighted average return on equity decreased to 6.85%, down 0.92 percentage points from the previous year[24] Sales and Revenue - The company sold over 70,000 tons of epoxy resin products, achieving revenue of RMB 1.216 billion, a 0.73% increase from the previous year[31] - The total operating revenue for 2014 was RMB 1,213,211,166.08, with a year-on-year increase of 0.75%; domestic revenue decreased by 1.64% while international revenue increased by 14.38%[52] - The electronic industry accounted for 63% of total sales, while domestic sales represented 84.7% of total sales[36] - The top five customers contributed RMB 387.56 million, accounting for 31.87% of total sales[38] Research and Development - Research and development expenses increased by 7.31% to RMB 37.83 million[33] - The total R&D expenditure for the period was RMB 37,830,793.10, representing 4.05% of net assets and 3.11% of operating revenue[44] - The company had 14 R&D projects in 2014, with 3 products in mass production and 11 in pilot testing; it applied for 2 invention patents and obtained 1 patent authorization[45] - The company is investing 50 million in R&D for new technologies aimed at enhancing product efficiency[182] Environmental and Social Responsibility - The company has achieved 100% waste liquid recovery, a technology that only a few epoxy resin manufacturers in China possess[76] - The company is committed to developing environmentally friendly products that meet increasing regulatory standards[76] - The company has established a comprehensive environmental protection management system, ensuring compliance with national and local emission standards[91] - The total amount of pollutants discharged has met local environmental control requirements, with effective measures implemented for pollutant reduction[91] - The company has actively participated in charitable activities, including donations to disaster relief efforts in Yunnan[90] - The company has invested in advanced environmental protection technologies to enhance wastewater and waste gas treatment systems[91] Corporate Governance and Management - The company has established a governance structure including a shareholders' meeting, board of directors, supervisory board, and management team to ensure orderly operations[195] - The company held 8 board meetings during the year, with 3 conducted in person and 5 via communication methods[198] - The company’s remuneration policy is based on industry salary levels, actual payment capabilities, and job requirements[188] - The total compensation for the chairman was 1.44 million RMB, while the total for the general manager was 1.01 million RMB[175] - Total remuneration for all directors, supervisors, and senior management amounted to RMB 6.0036 million (including tax) at the end of the reporting period[183] Future Outlook and Strategy - The company aims to expand its market share in the wind blade market and actively introduce advanced foreign technologies and products[55] - The company plans to focus on high-end product development and customer service to enhance core technology and mitigate price competition[78] - The company aims to expand its market presence in second and third-tier cities domestically while actively exploring international markets[79] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential deals[180] - A new marketing strategy is set to roll out, aiming to increase brand awareness by 30% over the next six months[181] Financial Management - The company has established strong relationships with multiple banks, ensuring good financing conditions for future projects[80] - The company invested a total of CNY 1,000,000,000 in principal-protected financial products, with expected returns ranging from 4.0% to 5.9%[65] - The total amount of raised funds was CNY 319,871,544.31, with CNY 6,051,286.18 used in the current year for the Zhuhai subsidiary's electronic high-tech chemical project[67] - The cumulative amount used from raised funds reached CNY 8,646,478.14, with the remaining funds allocated for the same project[67] Shareholder Information - As of the end of the reporting period, the total number of shareholders was 23,961, an increase from 22,161 prior to the report[134] - The top ten shareholders include EPOXY BASE INVESTMENT HOLDING LTD. with 210 million shares, representing 52.5% of total shares[137] - EPOXY BASE INVESTMENT HOLDING LTD. holds 210 million restricted shares, which will be unlocked on May 18, 2015, after a three-year lock-up period[139] - The company has not issued any preferred shares in the last three years[158] Risk Management - The company faces risks from fluctuating raw material prices, particularly for key inputs like bisphenol A and epoxy chloropropane[82] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[94] - The company has not experienced any major work-related injuries or significant safety incidents throughout the year[91] - The company did not experience any penalties or corrective actions from the China Securities Regulatory Commission or stock exchanges[115]

Financial Performance - Net profit attributable to shareholders increased by 2.08% to CNY 49,100,560.85 year-on-year[8] - Operating revenue for the first nine months rose by 1.01% to CNY 916,143,192.25 compared to the same period last year[8] - The net profit excluding non-recurring gains and losses decreased by 33.90% to CNY 31,473,680.75 compared to the same period last year[9] - The weighted average return on net assets decreased by 0.22 percentage points to 5.39%[9] - Total operating revenue for the third quarter was ¥332,782,082.16, an increase of 5.1% compared to ¥314,754,262.62 in the same period last year[39] - Net profit for the third quarter reached ¥17,364,566.79, compared to ¥16,809,109.44 in the previous year, representing a growth of 3.3%[41] - The company reported a total profit of ¥20,495,767.98 for the quarter, up from ¥19,930,400.72, indicating a year-over-year increase of 2.8%[41] - The company reported investment income of ¥5,661,943.29 for the quarter, compared to no investment income in the same period last year[40] Assets and Liabilities - Total assets increased by 7.58% to CNY 1,445,271,726.13 compared to the end of the previous year[8] - Current assets totaled RMB 1,325,805,861.63, up from RMB 1,224,594,825.63 at the start of the year, indicating an increase of about 8.3%[31] - Total liabilities reached RMB 523,958,512.22, compared to RMB 450,479,976.95 at the beginning of the year, showing an increase of about 16.3%[33] - Shareholders' equity rose to RMB 921,313,213.91 from RMB 892,987,658.87, reflecting an increase of approximately 3.2%[33] Cash Flow - Net cash flow from operating activities improved by 63.03%, reaching CNY -25,336,354.60 for the first nine months[8] - Operating cash flow for Q3 2014 was negative at -25,336,354.60 RMB, an improvement from -68,532,799.85 RMB in Q3 2013, indicating a 63.0% reduction in cash outflow year-over-year[48] - Total cash inflow from operating activities for the first nine months of 2014 was 958,879,742.40 RMB, slightly lower than 961,132,926.83 RMB in the same period last year[52] - Cash outflow from operating activities for the first nine months was 980,250,620.97 RMB, compared to 1,033,245,917.51 RMB in the previous year, showing a decrease of 5.1%[53] Shareholder Information - The total number of shareholders reached 26,991 by the end of the reporting period[14] - EPOXY BASE INVESTMENT HOLDING LTD. holds 52.50% of shares, totaling 210,000,000 shares[14] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 2,750,500.00 for the first nine months[10] - Operating income from government subsidies increased by 370.69% from RMB 584,355.45 to RMB 2,750,500.00[21] - The company reported a decrease in other non-recurring income to CNY 5,661,943.29 for the first nine months[12] Receivables and Investments - Accounts receivable increased by 30.71% from RMB 177,021,601.95 to RMB 231,387,957.63, attributed to an increase in bank acceptance bills and extended payment terms[20] - Prepayments surged by 176.77% from RMB 1,293,580.34 to RMB 3,580,264.59, mainly due to prepayments for credit insurance and diesel payments[20] - Interest receivable rose by 167.09% from RMB 3,181,456.39 to RMB 8,497,351.16, reflecting an increase in interest receivable from banks[20] - Other receivables increased significantly by 484.32% from RMB 272,865.76 to RMB 1,594,415.80, due to an increase in tax on dividends paid on behalf of shareholders[20] - Investment income reached RMB 17,997,006.00, a 100% increase compared to the previous period, attributed to interest income from financial products[21] Borrowings - Short-term borrowings increased by 32.83% from RMB 50,350,654.69 to RMB 66,878,777.89, driven by an increase in letter of credit borrowings[20] - The company reported a net cash flow from financing activities of -5,833,820.20 RMB, an improvement from -55,496,820.27 RMB in the previous year[50]

宏昌电子材料股份有限公司 2014 年半年度报告 宏昌电子材料股份有限公司 603002 2014 年半年度报告 1 宏昌电子材料股份有限公司 2014 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、 公司半年度财务报告未经审计。 四、 公司负责人林瑞荣、主管会计工作负责人黄兴安及会计机构负责人（会计主管人员） 卢至府声明：保证本半年度报告中财务报告的真实、准确、完整。 五、 本半年度报告中涉及公司经营和发展战略等未来计划的前瞻性陈述，该计划不构成公 司对投资者的实质承诺，请投资者注意投资风险。 六、 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 七、 是否存在违反规定决策程序对外提供担保的情况？ 否 2 | | 1 130 | | | --- | --- | --- | | | | . | | 第一节 | 释义 4 | | --- | --- | | 第二节 | 公司简介 5 | | 第三节 | 会计数据和财务指标摘要 6 ...