Revenue and Profit - Q3 2021 revenue reached ¥184,903,580.88, an increase of 13.53% year-over-year[3] - Net profit attributable to shareholders was ¥8,996,447.53, a decrease of 13.80% compared to the same period last year[3] - Basic earnings per share decreased to ¥0.04, down 20% from the previous quarter[4] - Total operating revenue for the first three quarters of 2021 reached RMB 523,391,311.77, an increase of 12.74% compared to RMB 464,134,544.01 in the same period of 2020[19] - Net profit for Q3 2021 was CNY 21,222,163.16, down 22.9% from CNY 27,525,379.20 in Q3 2020[20] - The total comprehensive income for Q3 2021 was CNY 17,886,402.41, down 31.9% from CNY 26,207,900.69 in Q3 2020[21] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.11, a decrease from CNY 0.14 in Q3 2020[21] Assets and Liabilities - Total assets increased by 41.02% to ¥1,277,783,076.86 compared to the end of the previous year[4] - Total assets as of September 30, 2021, were RMB 1,277,783,076.86, compared to RMB 906,100,636.71 at the end of 2020, an increase of 41.00%[18] - Total liabilities increased to RMB 585,821,347.60 from RMB 233,219,473.59, reflecting a growth of 151.00%[17] - The company's total equity as of September 30, 2021, was RMB 691,961,729.26, up from RMB 672,881,163.12, reflecting an increase of 2.00%[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥126,950,075.48, an increase of 71.85%[9] - Cash flow from operating activities for the first three quarters of 2021 was CNY 126,950,075.48, an increase of 71.8% compared to CNY 73,874,730.54 in the first three quarters of 2020[23] - Cash flow from investing activities for Q3 2021 resulted in a net outflow of CNY 436,535,732.90, compared to a net outflow of CNY 46,283,823.06 in Q3 2020[24] - Cash flow from financing activities for Q3 2021 was a net inflow of CNY 373,218,431.67, compared to a net outflow of CNY 1,460,805.00 in Q3 2020[24] Prepayments and Other Payables - The company reported a significant increase in prepayments by 3093.83%, primarily due to payments for the acquisition of a 70% stake in Zhejiang Huakun Yanquan Data Technology Co., Ltd.[8] - The company reported a significant increase in prepayments, which rose to RMB 394,503,666.55 from RMB 12,352,069.18, indicating a substantial growth of 3,095.73%[15] - The company’s other payables surged by 7947.23%, mainly due to the acquisition-related borrowings[9] Expenses and Costs - Total operating costs for the first three quarters of 2021 were RMB 505,178,192.94, up from RMB 431,405,327.25 in the previous year, reflecting a growth of 17.06%[19] - R&D expenses for Q3 2021 were CNY 11,133,772.92, an increase from CNY 5,638,295.29 in Q3 2020, reflecting a growth of 97.6%[20] Other Financial Metrics - The weighted average return on net assets decreased by 1.12 percentage points to 3.11%[4] - Non-recurring gains and losses totaled ¥698,302.23 for the year-to-date, down from ¥1,280,054.31 in the previous year[7] - Accounts receivable decreased to RMB 185,970,782.60 from RMB 203,283,181.29, indicating a reduction of 8.49%[15] - Inventory increased to RMB 111,717,706.32 from RMB 92,795,106.96, marking a rise of 20.39%[15] - The company's cash and cash equivalents as of September 30, 2021, amounted to RMB 112,988,757.44, compared to RMB 75,911,234.38 at the end of 2020, representing a 48.83% increase[15] - The cash and cash equivalents at the end of Q3 2021 were CNY 162,990,907.44, an increase from CNY 113,912,394.69 at the end of Q3 2020[24] - Other comprehensive income after tax for Q3 2021 was CNY -3,335,760.75, compared to CNY -1,317,478.51 in Q3 2020[21]

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 338.49 million, representing a 12.36% increase compared to CNY 301.26 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was CNY 12.23 million, a decrease of 28.46% from CNY 17.09 million in the previous year[22]. - The basic earnings per share for the first half of 2021 was CNY 0.06, down 33.33% from CNY 0.09 in the same period last year[21]. - The net cash flow from operating activities increased by 192.09% to CNY 50.92 million, compared to CNY 17.43 million in the previous year[22]. - The total assets at the end of the reporting period were CNY 894.18 million, a decrease of 1.32% from CNY 906.10 million at the end of the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 11.64 million, a decrease of 24.95% from CNY 15.51 million in the same period last year[22]. - The company reported a total comprehensive income of ¥10,409,644.68, down from ¥16,258,718.88 in the previous year[125]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were CNY 684.48 million, reflecting a 1.72% increase from CNY 672.88 million at the end of the previous year[22]. - Cash and cash equivalents increased to ¥113,656,689.45, representing 12.71% of total assets, up 49.72% from the previous year[44]. - Trading financial assets rose to ¥50,002,150.00, accounting for 5.59% of total assets, a 108.34% increase year-over-year[44]. - Accounts receivable decreased to ¥178,422,233.97, making up 19.95% of total assets, down 12.23% from the previous year[44]. - Total liabilities decreased to CNY 209,698,978.28 from CNY 233,219,473.59, a reduction of about 10.1%[117]. Business Operations - The main business includes the production and sales of light and heavy packaging products, providing integrated services from design to logistics[26]. - The company has established a strong customer base, including numerous Fortune 500 companies, and was ranked 85th among the top 100 private manufacturing enterprises in Shanghai in 2020[29]. - The "integrated packaging solution" service model has been adopted, enhancing customer relationships and reducing overall packaging and logistics costs[31]. - The company aims to expand its capacity and services in the Yangtze River Delta region while also exploring overseas markets[31]. - The company focuses on customized production based on customer orders, ensuring quality control through a dedicated quality inspection department[28]. Research and Development - Research and development expenses increased by 129.40% to CNY 9.02 million, reflecting a strong focus on innovation[41]. - The company has over 40 utility model patents, enhancing its competitive edge in packaging solutions[34]. Acquisitions and Investments - The company is in the process of acquiring 70% of Huakun Yanquan's equity, which will indirectly give it control of 51% of Huakun Dawei[34]. - The acquisition is pending completion, with a deadline set for August 31, 2021, after which either party may terminate the agreement[47]. - The company holds a 99% equity stake in Huakun Yanqing, with an investment amount of 25.245 million yuan[87]. Environmental and Compliance - The company and its subsidiaries are not classified as key pollutant discharge units in major cities such as Shanghai and Wuhan, and have complied with environmental laws without facing penalties during the reporting period[74]. - There were no administrative penalties related to environmental issues during the reporting period[75]. - The company has committed to providing accurate and complete information regarding transactions, ensuring no misleading statements or omissions[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 10,749[103]. - The largest shareholder, Cao Wenjie, holds 117,585,000 shares, representing 58.79% of the total shares[105]. - The company plans to distribute at least 100% of the distributable profits as cash dividends annually[91]. Risks and Challenges - The company faces macroeconomic risks that could impact demand in the packaging industry due to fluctuations in the economic environment[63]. - Increased market competition is noted, particularly influenced by uncertainties such as US-China trade tensions[64]. - Raw material price volatility poses a risk, with raw material costs accounting for over 60% of sales revenue, affecting gross margins[64]. Governance and Management - The company commits to improving its governance structure to ensure shareholder rights are upheld and independent directors fulfill their responsibilities[83]. - The company will ensure that related transactions are conducted fairly and in accordance with legal procedures[85]. - The company has not faced any administrative penalties or disciplinary actions from the securities regulatory authorities in the last three years[79].

Financial Performance - The company's operating revenue for 2020 was CNY 681,462,632.55, a decrease of 0.48% compared to CNY 684,769,112.24 in 2019[21] - The net profit attributable to shareholders of the listed company increased by 20.90% to CNY 35,970,422.62 from CNY 29,752,203.55 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 34,012,842.05, reflecting a 38.14% increase from CNY 24,622,664.13 in 2019[21] - Basic earnings per share increased by 20% to CNY 0.18 in 2020 compared to CNY 0.15 in 2019[23] - Diluted earnings per share also rose by 20% to CNY 0.18 in 2020 from CNY 0.15 in 2019[23] - The net profit attributable to shareholders for Q4 2020 was CNY 8,445,043.42, a decrease from Q3 2020's CNY 10,435,479.41[25] - The total operating income for Q4 2020 reached CNY 217,328,088.54, showing a significant increase compared to Q3 2020's CNY 162,872,335.62[25] - The weighted average return on equity increased to 5.48% in 2020 from 4.74% in 2019, reflecting a positive trend in profitability[23] Cash Flow and Assets - The net cash flow from operating activities decreased by 47.48% to CNY 44,516,361.83 from CNY 84,757,554.51 in 2019[21] - The total assets at the end of 2020 were CNY 906,100,636.71, an increase of 6.45% compared to CNY 851,166,467.39 at the end of 2019[21] - The net assets attributable to shareholders of the listed company increased by 5.34% to CNY 672,881,163.12 from CNY 638,783,495.25 in 2019[21] - The company reported a net cash flow from operating activities of CNY -29,358,368.71 in Q4 2020, indicating a decline in cash generation[25] - The total assets at the end of the period were 907,000,000 yuan, with cash and cash equivalents at 75,911,234.38 yuan, down 13.05% from the previous year[66] Dividends and Shareholder Policies - The company plans not to distribute cash dividends or issue bonus shares for the 2020 fiscal year due to significant capital expenditure needs anticipated in 2021[5] - The company has not made any cash dividend adjustments for the year 2020, maintaining a consistent policy that protects minority shareholders' rights[103] - The company commits to a cash dividend policy, distributing no less than 100% of the distributable profits as cash dividends annually[128] - The company will conduct cash dividend distributions at least once a year, contingent on meeting the cash dividend conditions[128] Strategic Acquisitions and Restructuring - The company is undergoing a major asset restructuring involving the acquisition of a 70% stake in Huzhou Yanqing, which is still in progress[11] - The company plans to acquire 70% of Huakun Yanquan's equity, which will indirectly control 51% of Huakun Dawei's equity after the transaction[43] - The company plans to acquire 70% of Zhejiang Huakun Yanqing Data Technology Co., Ltd. through its wholly-owned subsidiary, with the transaction still pending completion due to various market factors[72][75] - The company approved a significant asset acquisition plan, agreeing to pay CNY 1.015 billion for a 70% stake in Huazhou Yanquan, indicating a strategic move for expansion[105] Market and Industry Insights - The corrugated packaging industry in China is highly fragmented, with the top ten companies holding less than 10% market share, while the top five companies in the US account for over 70% of the market[68] - The demand for mid-to-low-end corrugated products constitutes over 60% of the market, primarily driven by the fast-moving consumer goods sector, while high-end products account for 20%-30% of demand, mainly in the consumer electronics sector[67] - The gross margin for mid-to-low-end products is approximately 10%, leading to a challenging survival environment for small and medium-sized manufacturers due to rising raw material costs and labor expenses[67] - The packaging industry in China is expected to grow at a rate higher than the global average, with significant development opportunities[92] Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[4] - The company will strictly adhere to relevant laws and regulations to ensure that shareholders can fully exercise their rights and that the board can make informed decisions[115] - The company has established a comprehensive governance structure to protect shareholder rights, ensuring compliance with relevant laws and regulations[154] - The company emphasizes compliance with legal responsibilities and commitments to avoid any actions that could harm investor interests[126] Research and Development - Research and development expenses amounted to 14,249,398.99 yuan, representing 2.09% of total operating income[62] - The company is investing in new technology development, allocating $50 million towards R&D initiatives aimed at enhancing product features[113] - Ongoing research and development efforts are expected to yield new product lines by the end of the fiscal year[177] Social Responsibility and Community Engagement - The company donated 554,000 masks valued at over RMB 2.1 million to frontline pandemic prevention units[49] - The company has actively engaged in community support and collaboration during the pandemic, demonstrating corporate social responsibility[156] - The company invested 30,000 RMB to support poverty alleviation in the Ying Awati (1) village as part of a government initiative[157] Employee and Management Structure - The company employed a total of 1,086 staff, with 419 in the parent company and 667 in major subsidiaries[184] - The professional composition includes 755 production personnel, 30 sales personnel, 68 technical personnel, 15 financial personnel, and 218 administrative personnel[184] - The company has established a performance-based compensation system for senior management, linking salaries to company performance and individual contributions[186] - The company emphasizes training programs aimed at enhancing employee skills, including management training and quality management, to improve overall operational efficiency[187]

2021 年第一季度报告 公司代码：603022 公司简称：新通联 上海新通联包装股份有限公司 2021 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 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 895,396,911.03 906,100,636.71 -1.18 归属于上市公司股东 的净资产 678,412,029.45 672,881,163.12 0.82 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 流量净额 15,920,842.59 17,280,107.14 -7.87 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 160,171,091.40 132,113,131.60 21.24 归属于上市公司股东 的净利润 4,241,050.47 2,108,115.08 101 ...

2020 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人曹文洁、主管会计工作负责人何再权及会计机构负责人（会计主管人员）占翠翠 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。 公司代码：603022 公司简称：新通联 上海新通联包装股份有限公司 2020 年第三季度报告 1 / 24 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 8 | 2020 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 二、 公司基本情况 2.1 主要财务数据 3 / 24 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 853,907,166.34 851,166,467.39 0.32 归属于上市公司 股东的净资产 664,9 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 301,262,208.39, a decrease of 7.26% compared to CNY 324,852,585.17 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 17,089,899.79, an increase of 5.94% from CNY 16,132,260.63 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 15,514,787.36, which represents an 18.23% increase compared to CNY 13,122,293.1 in the same period last year[20]. - The net cash flow from operating activities was CNY 17,433,732.12, down 51.97% from CNY 36,298,792.3 in the previous year[20]. - The total assets at the end of the reporting period were CNY 846,731,088.67, a slight decrease of 0.52% from CNY 851,166,467.39 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 2.55% to CNY 655,042,214.13 from CNY 638,783,495.25 at the end of the previous year[20]. - Basic earnings per share for the first half of 2020 were CNY 0.09, up 12.5% from CNY 0.08 in the same period last year[21]. - The weighted average return on net assets was 2.64%, an increase of 0.02 percentage points compared to 2.62% in the previous year[21]. Business Operations - The company's main business involves the production and sales of lightweight and heavy packaging products, providing integrated packaging solutions and logistics services[26]. - The lightweight packaging products include corrugated packaging, while heavy packaging products consist of heavy corrugated packaging, wooden packaging, and various composite packaging products[26]. - The company adopts a customized production model, ensuring production aligns with customer orders and requirements, enhancing operational efficiency[28]. - The packaging industry is expected to play an increasingly important role in supporting national strategies and economic development, with a focus on green, safe, and intelligent packaging[29]. - The company has established a leading packaging testing center and inventory management system to support its integrated packaging solution service model[27]. - The bamboo and wood packaging industry is crucial for sustainable development, with a trend towards environmentally friendly packaging materials[31]. - The company emphasizes a centralized procurement model to manage raw materials and packaging supplies effectively[27]. - The overall packaging industry in China is characterized by low concentration and high competition, with ongoing consolidation expected to enhance market dynamics[30]. Subsidiaries and Expansion - The company has established subsidiaries in regions including Shanghai, Jiangsu, Anhui, Chongqing, Hubei, Shaanxi, Guangdong, Malaysia, and Vietnam to expand production capacity and better serve customers[34]. - The company operates multiple subsidiaries across China, focusing on various packaging materials and services, including wood, paper, and plastic products[54][55][56][57][58][59]. - The overall performance of the subsidiaries indicates a mix of profitability and losses, with some companies showing strong asset bases while others are struggling to achieve net profits[53][56][59]. - The company has established a new subsidiary, Zhejiang Tonglian Dawei Data Technology Co., Ltd., with a registered capital of 10 million yuan[40]. - The company has completed the deregistration of its wholly-owned subsidiary, Wuxi Xintonglian Packaging Materials Co., Ltd.[40]. Financial Position and Cash Flow - Cash and cash equivalents at the end of the reporting period were ¥81.18 million, a decrease of 11.95% from ¥92.20 million[48]. - The company's cash and cash equivalents as of June 30, 2020, amount to ¥81,181,038.97, a decrease from ¥87,299,536.48 at the end of 2019[100]. - The total current assets decreased from ¥418,955,145.07 at the end of 2019 to ¥397,460,576.65 as of June 30, 2020[100]. - Accounts receivable decreased from ¥174,317,635.89 at the end of 2019 to ¥150,417,860.20 as of June 30, 2020[100]. - The company reported a significant increase in deferred income, rising by 205.32% to ¥18.93 million, attributed to government land compensation received[49]. - The company experienced a 68.23% increase in payable taxes, amounting to ¥5.15 million, primarily due to increased corporate income tax liabilities[49]. Corporate Governance and Compliance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[6]. - The company did not experience any significant changes in accounting policies or estimates compared to the previous accounting period[81]. - The company and its subsidiaries complied with environmental protection laws and did not face any penalties for violations during the reporting period[79]. - There were no significant lawsuits or arbitration matters during the reporting period[75]. - The company and its controlling shareholders did not have any integrity issues during the reporting period[75]. - The company has committed to avoiding any competition with its subsidiaries and has not engaged in any competing business activities[71]. Research and Development - Research and development expenses were reduced by 20.27% to ¥3.93 million, reflecting a decrease in investment due to the pandemic[43]. - The company has focused on enhancing customer service through improved response capabilities and cost control measures, resulting in increased customer satisfaction[38]. Revenue Recognition and Accounting Policies - Revenue from the sale of goods is recognized when the risks and rewards of ownership are transferred to the buyer, and the amount can be reliably measured[193]. - The company recognizes revenue from service transactions using the percentage-of-completion method when the outcome can be reliably estimated[194]. - For construction contracts, revenue and costs are recognized based on the percentage of completion method if the results can be reliably estimated; otherwise, costs are recognized as expenses[195]. - Government grants are recognized as income when the company meets the conditions attached to the grants and can receive them; monetary grants are measured at the amount received or receivable[197]. - Deferred tax assets and liabilities are recognized based on the difference between the carrying amount of assets and liabilities and their tax bases, using applicable tax rates[200].

2020 年第一季度报告 公司代码：603022 公司简称：新通联 上海新通联包装股份有限公司 2020 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2020 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 3 / 25 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 827,464,458.57 851,166,467.39 -2.78 归属于上市公司股东 的净资产 640,895,810.63 638,783,495.25 0.33 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 流量净额 17,280,107.14 26,585,288.10 -35 年初至报告期末 上年初至上年报告期末 比上年同期增减 （%） 营业收入 132,113,131.60 148,732,105.48 -11.17 归属于上市公司股东 的净利润 2, ...

Financial Performance - In 2019, the company achieved a net profit attributable to shareholders of CNY 29,752,203.55, a decrease of 4.99% compared to CNY 31,313,460.85 in 2018[5]. - The company's total revenue for 2019 was CNY 684,769,112.24, representing a year-on-year increase of 2.90% from CNY 665,453,671.14 in 2018[23]. - The company's basic earnings per share for 2019 were CNY 0.15, down 6.25% from CNY 0.16 in 2018[24]. - The weighted average return on net assets decreased to 4.74% in 2019 from 5.18% in 2018, a reduction of 0.44 percentage points[24]. - The company reported a net profit attributable to ordinary shareholders of approximately ¥29.75 million in 2019, with a profit distribution ratio of 0%[98]. - The company reported a total of CNY 69,000,000.00 in short-term borrowings as of January 1, 2019[108]. - The company reported a total cash inflow from operating activities of ¥579,193,228.74 for the parent company, an increase of 12.9% from ¥512,851,997.04 in 2018[196]. Cash Flow and Investments - The net cash flow from operating activities increased by 36.15% to CNY 84,757,554.51 in 2019, compared to CNY 62,251,929.99 in 2018[23]. - The net cash flow from operating activities for 2019 was ¥84,757,554.51, an increase of 36.2% compared to ¥62,251,929.99 in 2018[193]. - The net cash flow from investing activities was negative at -¥121,063,224.46, a significant decline from a positive ¥27,087,614.68 in 2018[194]. - Cash inflow from investing activities totaled ¥296,857,980.08, down 63.3% from ¥808,322,209.98 in 2018[194]. - The company has temporarily invested idle funds in low-risk financial products, with a maximum amount of 80 million yuan approved for such investments[49]. Assets and Liabilities - The company's total assets as of the end of 2019 were CNY 851,166,467.39, up 3.85% from CNY 819,583,039.03 at the end of 2018[23]. - Total liabilities rose to CNY 212,382,972.14 in 2019, compared to CNY 202,254,699.77 in 2018, marking an increase of about 5.6%[180]. - Shareholders' equity increased to CNY 638,783,495.25 in 2019 from CNY 617,328,339.26 in 2018, reflecting a growth of approximately 3.5%[180]. - Cash and cash equivalents decreased to ¥87,299,536.48 from ¥139,876,214.94, reflecting a significant drop of approximately 37.5%[178]. - Accounts receivable stood at ¥174,317,635.89, slightly increasing from ¥172,277,872.35 in the previous year, indicating a growth of about 1.2%[178]. Strategic Initiatives - The company plans to acquire 51% of Zhejiang Huakun Dawei Data Technology Co., Ltd. through a cash payment, indicating a significant capital requirement for 2020[5]. - The company aims to expand its market share in key regions like Chongqing and Wuhan, as well as emerging markets such as Malaysia and Vietnam[89]. - The company has established subsidiaries in multiple locations including Wuxi, Wujiang, Wuhu, Chongqing, Wuhan, Xianyang, Huizhou, Malaysia, and Vietnam to expand market reach[46]. - The company has implemented an "integrated packaging solution" service model, which optimizes overall packaging solutions, reduces management costs, and enhances product efficiency and environmental performance[35]. Research and Development - Research and development expenses increased by 50.00% to 14.94 million yuan, reflecting a focus on innovation[56]. - The company emphasizes sustainable development by enhancing R&D in environmental protection and energy-saving packaging, aiming to establish a domestic green low-carbon packaging platform[121]. Governance and Compliance - The company has established a comprehensive governance structure to protect shareholder rights and ensure compliance with relevant laws and regulations[119]. - The audit report confirmed that the financial statements fairly represent the company's financial position as of December 31, 2019[164]. - The company has not reported any significant differences in governance compared to the requirements set by the China Securities Regulatory Commission[156]. Employee Relations - The company has implemented a comprehensive human resources management system to protect employee rights and provide training opportunities[124]. - Employees receive various benefits, including a monthly high-temperature subsidy of 300 RMB from June to September, ensuring a harmonious labor relationship[124]. - The company has established a salary assessment management method to enhance the motivation and creativity of senior management[152].

2019 年第三季度报告 公司代码：603022 公司简称：新通联 上海新通联包装股份有限公司 2019 年第三季度报告 1 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 7 | 2019 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 2019 年第三季度报告 | 加权平均净资产收益率（%） | 4.12 | 5.25 | 减少 | 1.13 | 个百 | | --- | --- | --- | --- | --- | --- | | | | | 分点 | | | | 基本每股收益（元/股） | 0.13 | 0.16 | -18.75% | | | | 稀释每股收益（元/股） | 0.13 | 0.16 | -18.75% | | | 非经常性损益项目 ...

Financial Performance - The company's operating income for the first half of 2019 was approximately CNY 324.85 million, a decrease of 0.74% compared to CNY 327.28 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was CNY 16.13 million, down 25.71% from CNY 21.71 million in the previous year[20]. - The basic earnings per share for the first half of 2019 was CNY 0.08, a decrease of 27.27% compared to CNY 0.11 in the same period last year[20]. - The weighted average return on net assets for the first half of 2019 was 2.62%, down 1 percentage point from 3.62% in the previous year[20]. - The company reported a decrease of 35.98% in net profit after deducting non-recurring gains and losses, amounting to CNY 13.12 million compared to CNY 20.50 million in the previous year[20]. - The company achieved operating revenue of ¥324,852,585.17, a decrease of ¥2,425,365.86 compared to the same period last year, representing a decline of 0.74%[43]. - The net profit attributable to the parent company was ¥16,132,260.64, down by ¥5,581,780.64 year-on-year[36]. - The total profit for the first half of 2019 was CNY 18,682,856.26, compared to CNY 26,421,952.88 in the same period of 2018, showing a decrease of about 29.5%[98]. - The total comprehensive income for the first half of 2019 was CNY 16,434,012.08, compared to CNY 21,855,523.54 in the same period of 2018, indicating a decrease of about 25%[100]. Cash Flow and Assets - The net cash flow from operating activities for the first half of 2019 was CNY 36.30 million, an increase of 3.27% compared to CNY 35.15 million in the same period last year[20]. - Cash and cash equivalents decreased by 38.35% to ¥92,195,395.27, accounting for 11.37% of total assets[46]. - Accounts receivable remained stable with a slight increase of 1.42% to ¥156,563,851.70, maintaining a 19.30% share of total assets[46]. - Inventory decreased by 7.71% to ¥101,027,497.45, representing 12.45% of total assets, primarily due to reduced raw material purchases[46]. - Fixed assets decreased by 2.73% to ¥201,757,397.22, accounting for 24.87% of total assets, mainly due to accumulated depreciation[46]. - Cash inflow from investment activities totaled CNY 231,046,669.86, down 34.1% from CNY 350,300,665.73 in the first half of 2018[106]. - The ending cash and cash equivalents balance was CNY 58,878,989.83, down from CNY 149,545,230.64 at the end of the first half of 2018[107]. - The total assets at the end of the reporting period were approximately CNY 811.15 million, a decrease of 1.03% from CNY 819.58 million at the end of the previous year[20]. Investments and Subsidiaries - The company has established subsidiaries in multiple locations including Wuxi, Wujiang, Wuhu, Chongqing, Wuhan, Xianyang, Huizhou, Malaysia, and Vietnam to enhance production capacity and market share[36]. - The company plans to invest a total of $240,000 in a wholly-owned subsidiary in Vietnam, enhancing its international presence[38]. - The company has eleven wholly-owned subsidiaries and one wholly-owned grandchild company, with no equity investments reported[49]. - The net profit of the wholly-owned subsidiary, Wuxi Xintonglian Packaging Materials Co., Ltd., was reported at -¥262,358.81[50]. Research and Development - The company reported a significant increase in R&D expenses, which rose by 211.53% to ¥4,929,278.37 due to new R&D projects[43]. - Research and development expenses increased significantly to CNY 4,929,278.37 from CNY 1,582,289.32, reflecting a year-over-year growth of approximately 211.5%[101]. Market and Industry Insights - The company focuses on producing and selling lightweight and heavy packaging products, providing integrated packaging solutions, and logistics services[26]. - The company has established a strong customer base, including numerous Fortune 500 companies, and is expanding into new markets such as photovoltaic, fast-moving consumer goods, and e-commerce[33]. - The packaging industry in China is characterized by low concentration and high competition, with ongoing consolidation expected to increase market concentration[30]. - The corrugated paper packaging industry in China had an industrial output value of 392.473 billion in 2017, with significant growth potential due to low per capita consumption compared to developed countries[30]. Operational Efficiency - The company implements a centralized procurement model to manage raw materials and packaging supplies, enhancing cost efficiency[27]. - The company has implemented a refined management system across various functions to improve operational efficiency[36]. - The company has upgraded its operational information management system to enhance customer service capabilities and response times[36]. Shareholder Information - The company distributed cash dividends of ¥940,000, accounting for 30.02% of the net profit attributable to shareholders[39]. - The company held its 2018 annual general meeting on May 16, 2019, to review various reports and proposals[61]. - The company reported a total of 16,990 common stock shareholders as of the end of the reporting period[78]. Compliance and Governance - The company has complied with environmental regulations and has not faced any penalties for violations during the reporting period[74]. - The company has not disclosed any significant changes in net profit or risks faced during the reporting period[58]. - The company has not made any changes to its accounting policies or estimates during the reporting period[75]. - The company has retained Tianjian Accounting Firm for the 2019 financial audit[70]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations[128]. - The company consolidates all subsidiaries under its control in the consolidated financial statements[136]. - The company adjusted its financial statements according to the new financial reporting format issued by the Ministry of Finance in 2019, affecting accounts receivable and payable[192]. - The main tax rates applicable to the company include a 25% corporate income tax rate and varying VAT rates of 6%, 13%, and 16% depending on the goods or services provided[193].