Financial Performance - The company's operating revenue for Q1 2023 was ¥706,985,643.26, representing a year-on-year increase of 41.17%[6] - The net profit attributable to shareholders was a loss of ¥35,057,253.16, a decrease of 206.99% compared to the same period last year[6] - The basic earnings per share for the period was -¥0.38, compared to -¥0.85 in the same period last year[6] - The company reported a significant decrease in net profit due to a lower gross margin[10] - The company reported a net loss of CNY 35,057,253.16 in Q1 2023, compared to a net profit of CNY 32,766,444.35 in Q1 2022, representing a significant decline[20] - Operating profit for Q1 2023 was CNY -46,444,275.53, down from CNY 37,469,973.88 in the same period last year[20] - The company reported a total comprehensive loss of CNY -35,057,253.16 in Q1 2023, compared to a comprehensive income of CNY 32,766,444.35 in Q1 2022[21] Cash Flow - The net cash flow from operating activities was negative at ¥194,561,727.30, with no applicable percentage change[6] - Cash flow from operating activities showed a net outflow of CNY -194,561,727.30 in Q1 2023, compared to a net outflow of CNY -165,155,269.36 in Q1 2022[24] - Total cash and cash equivalents at the end of Q1 2023 amounted to CNY 715,406,691.37, an increase from CNY 612,255,018.32 at the end of Q1 2022[25] - The company generated CNY 621,583,850.94 in cash from sales in Q1 2023, up from CNY 349,911,588.82 in Q1 2022, indicating a growth of approximately 77.8%[22] - Financing activities generated a net cash inflow of CNY 764,385,199.52 in Q1 2023, compared to CNY 603,169,431.66 in Q1 2022, reflecting an increase of approximately 26.7%[24] - The company received CNY 18,041,376.38 in tax refunds during Q1 2023, compared to CNY 4,303,408.33 in Q1 2022, indicating a significant increase in tax-related cash inflows[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,131,512,893.05, an increase of 25.58% from the end of the previous year[7] - The total assets of the company reached RMB 3,131,512,893.05 as of March 31, 2023, up from RMB 2,493,566,002.73 at the end of 2022, representing a growth of about 25.6%[19] - Total liabilities increased to RMB 1,793,286,155.86 as of March 31, 2023, compared to RMB 1,167,399,551.36 at the end of 2022, indicating a rise of approximately 53.7%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,305[12] - The largest shareholder, Wang Jiasheng, holds 36.5% of the shares, totaling 34,111,601 shares[13] Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 747,157,369.60, up from RMB 461,469,692.79 in Q1 2022, indicating an increase of about 62.0%[19] - Research and development expenses for Q1 2023 were RMB 26,696,328.33, significantly higher than RMB 9,365,638.58 in Q1 2022, reflecting an increase of approximately 185.5%[19] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the current report[19]

Financial Performance - The company's operating revenue increased by 54.63% to CNY 2.62 billion in 2022, driven by strong sales of solar film products[19]. - Net profit attributable to shareholders decreased by 33.74% to CNY 74.85 million, while net profit excluding non-recurring gains and losses fell by 48.17% to CNY 53.22 million[19]. - The weighted average return on equity dropped to 6.42%, down 9.75 percentage points from the previous year[19]. - The company reported a significant increase in total assets, rising by 82.56% to CNY 2.49 billion, primarily due to new share issuance and business expansion[19]. - Cash flow from operating activities showed a negative net amount of CNY -691.36 million, largely due to increased working capital needs[19]. - Basic and diluted earnings per share fell by 46.95% to CNY 0.87, reflecting the decline in net profit[19]. - The company achieved a revenue of 2.618 billion yuan, representing a year-on-year growth of 54.63%[28]. - The company reported a non-recurring profit of 21.63 million yuan for the reporting period, compared to 10.29 million yuan in the previous year[24]. Dividend Policy - The company plans to distribute a cash dividend of 4.0 RMB per 10 shares, totaling approximately 37.33 million RMB, which represents 49.87% of the net profit attributable to shareholders for 2022, amounting to 74.85 million RMB[5]. - The cash dividend distribution will account for 49.87% of the net profit attributable to ordinary shareholders in the consolidated financial statements[183]. - The company has established a stable profit distribution policy, ensuring that cash dividends will not be less than 10% of the distributable profits for the year if there are no major investment plans[174]. - In the case of significant capital expenditures, the cash dividend ratio will be at least 40% for mature companies with major expenditures[175]. - The company has not proposed any stock dividends for the year 2022, focusing solely on cash dividends[183]. - The cash dividend policy has been executed in accordance with the company's articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders' rights[179]. - The company has outlined a three-year shareholder return plan for 2022-2024 to enhance dividend distribution transparency[177]. Corporate Governance - The company has established a governance structure that includes a board of directors with 5 members, ensuring compliance with legal requirements and protecting shareholder rights[135]. - The company has implemented measures to prevent the controlling shareholder from occupying company funds, enhancing financial governance[158]. - The company has a total of 668 employees, with 324 in production, 53 in sales, 108 in technology, 18 in finance, and 165 in administration[170]. - The company has established an investor relations management system, with the board secretary designated as the responsible person for investor communications[138]. - The company is committed to improving its governance structure in accordance with the Company Law and Securities Law, promoting sustainable and high-quality development[138]. - The company has received high-tech enterprise certification, which provides a 15% corporate income tax rate benefit, but risks losing this status after the certification period ends[130]. - The company has not faced any objections from directors regarding company matters during the year, indicating a unified board[162]. Research and Development - The company has implemented a restricted stock incentive plan, which contributed to increased expenses in 2022[21]. - The company is actively pursuing research and development in new markets, including optoelectronic displays, lithium batteries, and hydrogen fuel cells[32]. - The company has developed differentiated products for various applications, including solar cell packaging and high-barrier packaging for food and pharmaceuticals[64]. - The company is investing in new technologies, with a budget of 100 million yuan dedicated to R&D for advanced materials[149]. - The company is increasing investment in R&D to enhance product competitiveness, focusing on differentiated products in solar cell packaging films and planning to launch OCA optical adhesive film production in the second half of 2023[123]. - The company has established multiple research and development platforms, enhancing its technological innovation capabilities[62]. - The company has a focus on technological development, as indicated by the appointment of a new chief engineer and the establishment of a technology center[145]. Market Expansion and Strategy - The company is committed to international expansion, with plans to strengthen its brand influence and competitive advantage in global markets[121]. - The company is exploring market expansion opportunities, particularly in the Guangzhou Economic and Technological Development Zone[144]. - The company aims to enhance its market share in the solar cell encapsulation film sector, leveraging the growing demand driven by global carbon neutrality goals[120]. - The company is actively exploring new markets in fields such as optoelectronics and lithium batteries, aiming to expand its product applications[64]. - The company is focused on establishing a multi-level financing system to support strategic development and reduce financing costs[39]. - The company plans to issue convertible bonds to raise funds for increasing production capacity by 90 million square meters for POE film and 90 million square meters for white EVA film[29]. - The company is committed to developing new adhesive materials for lithium batteries and hydrogen fuel cells, aligning with the growing demand in the new energy sector[123]. Environmental and Social Responsibility - The company invested 11.03 million yuan in environmental protection during the reporting period[193]. - The company reduced carbon emissions by 1,472 tons through the construction of solar photovoltaic power stations on suitable rooftops[197]. - The company has established an emergency response plan for environmental incidents, with no incidents reported during the reporting period[196]. - The company’s pollution prevention facilities operated well, ensuring stable compliance with emission standards[195]. - The company made a total donation of 472,000 yuan for public welfare projects during the reporting period[198]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly petrochemical resins, which could impact gross margins and profitability if costs rise significantly[129]. - The company is aware of potential risks from changes in industrial policies and downstream industry fluctuations, particularly in solar energy and construction sectors[127]. - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section of the report[6]. Production Capacity and Operations - The company has established a production capacity of 300 million square meters per year for solar cell encapsulation films[101]. - The production capacity for functional polyolefin hot melt adhesive particles has reached 100,000 tons per year[101]. - The company plans to expand its production capacity for hot melt films by 18,000 million square meters, expected to be completed by March 2025[100]. - Continuous optimization of production facilities has led to improved production efficiency and product quality, with significant results in technological transformation and cost reduction[35]. - The company has established production bases in Guangzhou and Jiangsu, enhancing its capacity to cover domestic and international markets[68]. Employee and Management - The company has a comprehensive training program aimed at enhancing employee skills and aligning personal development with corporate growth[173]. - The company emphasizes a competitive and fair compensation structure, with performance evaluations influencing salary adjustments[172]. - The total remuneration for all directors, supervisors, and senior management was 7.1041 million yuan[153]. - The company has implemented a competitive salary policy that includes both fixed and variable components for employees[171]. - The company has 4 employees with doctoral degrees and 37 with master's degrees, indicating a diverse educational background among staff[170].

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2023-036 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 关于召开2022年度暨2023年第一季度业绩说明会 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●会议召开时间：2023 年 5 月 18 日（星期四）下午 15:00-16:00； ● 会 议 召 开 地 点 ： 上 海 证 券 报 · 中 国 证 券 网 （https://roadshow.cnstock.com/）； ●会议召开方式：视频录播结合网络文字互动； ●会议问题征集：投资者可于 2023 年 5 月 17 日（星期三）下午 16:00 前 将需要了解的情况和关注的问题预先发送至广州鹿山新材料股份有限公司（以 下简称"公司"）邮箱（ir@cnlushan.com）进行提问。公司将在信息披露允许 的范围内，于说明会上对投资者普遍关注的问题进行回答。 一、说明会类型 公司已于 ...

2022 年第三季度报告 证券代码：603051 证券简称：鹿山新材 广州鹿山新材料股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是√否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 672,345,893.72 | 48.47 | 1,982,561,572.87 | 69.27 | ...

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 15%[10] - The company's operating revenue for the first half of 2022 reached ¥1,310,215,679.15, representing an increase of 82.39% compared to the same period last year[17] - Net profit attributable to shareholders was ¥77,150,971.65, up 53.02% year-on-year[17] - The basic earnings per share increased by 31.51% to ¥0.96, while the diluted earnings per share also stood at ¥0.96[18] - The company achieved a revenue of 1.31 billion RMB in the first half of 2022, representing a year-on-year growth of 82.39%[43] - Sales revenue from solar cell packaging film reached 724 million RMB, a significant increase of 215.46% compared to the previous year[46] Market Expansion and Product Development - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[10] - New product development includes the launch of a high-performance adhesive expected to generate an additional 50 million CNY in revenue annually[10] - The company plans to further develop adhesive functional materials for new fields such as smart homes and flexible displays[38] - The company anticipates continued high growth in market demand for solar cell encapsulation films due to the rapid expansion of the global photovoltaic industry[25] - The new thermoplastic optical transparent film (TOCF) product is expected to benefit from the growing demand in the flat panel display market, projected to reach approximately $100 billion[27] Research and Development - The company has allocated 100 million CNY for research and development in 2022, focusing on eco-friendly materials[10] - R&D expenses increased by 67% to 37.36 million RMB, reflecting the company's commitment to innovation[51] - The company focuses on developing biodegradable materials and medical materials, continuously expanding into new market applications[31] - The company holds 124 domestic patent authorizations, including 86 invention patents, and has established multiple research and development platforms, indicating strong innovation capabilities[35] Financial Integrity and Compliance - The company has no non-operational fund occupation by controlling shareholders, ensuring financial integrity[5] - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[5] - The board of directors confirmed the accuracy and completeness of the financial report, with all members present at the meeting[6] Asset and Liability Management - The total assets increased by 55.69% to ¥2,126,603,205.56 compared to the end of the previous year[17] - Accounts receivable increased to ¥526.53 million, representing 24.76% of total assets, up 144.52% from the previous year[53] - Inventory rose to ¥450.60 million, accounting for 21.19% of total assets, an increase of 132.47% year-over-year[53] - Short-term borrowings increased to ¥302.39 million, making up 14.22% of total assets, a rise of 61.53% compared to the previous year[53] Environmental and Social Responsibility - The company has implemented effective pollution control measures, ensuring that emissions of volatile organic compounds and other pollutants meet regulatory standards[68] - The company has established a solar photovoltaic power generation system to reduce reliance on purchased electricity and lower carbon emissions[72] - The company has actively participated in social responsibility initiatives, including donations of epidemic prevention materials to local communities[71] Shareholder and Governance Matters - The company completed the election of the fifth board of directors and supervisory board on June 8, 2022, with new appointments including independent directors and a new chairman[64] - There are no proposed profit distributions or capital reserve transfers for the half-year report, with no dividends or bonus shares planned[65] - The controlling shareholders Wang Jiasheng and Han Lina committed to not transfer or manage their pre-IPO shares for 36 months post-listing[76] Risks and Challenges - The company faces risks from fluctuations in raw material prices, which account for over 88% of its main business costs[59] - The company is exposed to foreign exchange risks due to overseas sales and purchases primarily settled in USD[60] Operational Efficiency - The company actively adjusts inventory based on customer demand forecasts and market supply-demand conditions to improve delivery speed[33] - The company has implemented automation upgrades in production facilities, significantly enhancing production efficiency[45]

Financial Performance - The company's operating revenue for Q1 2022 was ¥500,804,099.70, representing a year-on-year increase of 65.01%[5] - The net profit attributable to shareholders for the same period was ¥32,766,444.35, reflecting a growth of 12.06% compared to the previous year[5] - The basic earnings per share for Q1 2022 was ¥0.47, up by 11.90% year-on-year[6] - The net profit for Q1 2022 was CNY 32,766,444.35, an increase of 12.5% compared to CNY 29,240,771.65 in Q1 2021[19] - The company reported a total comprehensive income of CNY 32,766,444.35 for Q1 2022, up from CNY 29,240,771.65 in Q1 2021, reflecting a growth of 12.5%[20] Assets and Liabilities - The total assets at the end of the reporting period reached ¥2,117,348,174.39, an increase of 55.02% from the end of the previous year[6] - Total liabilities reached RMB 806,846,609.46, up 32.1% from RMB 610,618,702.87 in the previous year[16] - The company's equity attributable to shareholders increased by 73.51% to ¥1,310,501,564.93, driven by new investments and profit growth[6] - The company's equity attributable to shareholders increased to RMB 1,310,501,564.93 from RMB 755,278,029.60, marking a growth of 73.3%[17] Cash Flow - The net cash flow from operating activities was negative at -¥165,155,269.36, primarily due to increased cash payments for goods and services[5] - Cash inflow from operating activities totaled CNY 377,833,890.65, compared to CNY 211,411,372.00 in the same period last year, indicating a significant increase of 78.6%[22] - The net cash flow from operating activities was negative at CNY -165,155,269.36, worsening from CNY -55,584,324.59 in Q1 2021[23] - The total cash inflow from financing activities was CNY 638,613,746.88, compared to CNY 94,764,531.48 in Q1 2021, showing a remarkable increase of 575.5%[23] - The cash outflow from investing activities was CNY 319,365,542.07, compared to CNY 173,207,947.10 in the previous year, indicating an increase of 84.5%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,955[10] - The top shareholder, Wang Jiasheng, holds 37.07% of the shares, totaling 34,111,601 shares[11] Operational Costs and Expenses - Total operating costs for Q1 2022 were RMB 461,469,692.79, up 74.6% from RMB 264,495,766.12 in Q1 2021[18] - Research and development expenses for Q1 2022 were RMB 9,365,638.58, compared to RMB 8,327,717.06 in Q1 2021, indicating an increase of 12.5%[18] Other Financial Metrics - The company reported a weighted average return on equity of 4.25%, a decrease of 0.2 percentage points compared to the previous year[6] - Non-recurring gains and losses for the period amounted to ¥2,625,851.62, with government subsidies contributing significantly[7] - The company experienced a foreign exchange loss of CNY -84,540.82 during the quarter, compared to a loss of CNY -250,754.51 in Q1 2021[23] - The company did not report any net profit from subsidiaries prior to consolidation, indicating no impact from mergers during the quarter[20]

Financial Performance - The company's operating revenue for 2021 was CNY 1,693,205,534.42, representing a 67.39% increase compared to CNY 1,011,511,935.47 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 112,964,001.67, a decrease of 2.40% from CNY 115,739,711.94 in 2020[24]. - The cash flow from operating activities for 2021 was CNY 11,844,627.14, down 33.18% from CNY 17,725,453.37 in 2020[24]. - The total assets at the end of 2021 were CNY 1,365,896,732.47, an increase of 41.35% from CNY 966,331,755.58 at the end of 2020[24]. - The basic earnings per share for 2021 was CNY 1.64, a decrease of 2.38% from CNY 1.68 in 2020[25]. - The weighted average return on equity for 2021 was 16.17%, down 3.63 percentage points from 19.80% in 2020[25]. - The company reported a net profit of CNY 42,287,152.19 in Q4 2021, which was the highest quarterly profit for the year[27]. - The company’s net assets attributable to shareholders increased by 17.59% to CNY 755,278,029.60 at the end of 2021 compared to CNY 642,314,027.93 at the end of 2020[24]. - The company recorded non-recurring gains of CNY 10,291,084.68 in 2021, compared to CNY 12,263,643.46 in 2020[30]. - The company achieved a total revenue of 1,693,205,534.42 CNY for the reporting period, representing a year-on-year increase of 67.39%[70]. - The company's net profit attributable to shareholders was 112,964,000 CNY, a decrease of 2.40% compared to the same period last year[70]. - The total assets of the company reached 1,365,896,700 CNY, an increase of 41.35% from the previous year[70]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling approximately 36.8 million RMB, which represents 32.58% of the net profit attributable to shareholders for 2021, amounting to approximately 113 million RMB[6]. - The company has a clear cash dividend policy that aligns with its articles of association and shareholder resolutions[159]. Governance and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has provided a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company has confirmed that all board members attended the board meeting, ensuring proper governance[4]. - The company held 2 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and compliance with legal requirements[126]. - The board of directors consists of 5 members, including 2 independent directors, meeting the legal requirements for composition[126]. - The company held 3 board meetings during the reporting period, demonstrating active governance[126]. - The company has established a comprehensive governance structure, including specialized committees to oversee various functions[126]. - The company plans to continue improving its governance structure in accordance with legal and regulatory requirements[128]. - The company has not encountered any violations regarding guarantees during the reporting period[198]. - The company has not received any non-standard audit opinions from its accounting firm[199]. Market and Product Development - The company plans to continue expanding its market presence and invest in new product development to drive future growth[24]. - The company is expanding production capacity, with expected total capacity for solar packaging film to reach approximately 300 million square meters per year[35]. - New production lines for functional polyolefin hot melt adhesives are projected to reach an annual capacity of about 90,000 tons[35]. - The company has established a comprehensive R&D system, focusing on new product development and technological innovation[39]. - The company has developed a new thermoplastic optical transparent film (TOCF) for touch panels and display modules, enhancing optical performance and providing excellent bonding effects[46]. - The company is focusing on the development of high-performance functional polymer materials and aims to become a respected international brand in this field[113]. - The company is actively developing new products such as high barrier packaging hot melt adhesives and composite board hot melt adhesives[113]. Environmental and Social Responsibility - The company has constructed a solar photovoltaic power station on suitable rooftops and adopted energy-efficient equipment to reduce carbon emissions[170]. - The company has established an emergency response plan for environmental incidents, which is regularly practiced and has not encountered any environmental emergencies during the reporting period[168]. - The company adheres to the Environmental Protection Law and ensures that all emissions, including waste gas, wastewater, and noise, are within regulatory limits[171]. - The company actively participates in social welfare activities, including establishing long-term poverty alleviation mechanisms[172]. - The company has a robust environmental monitoring plan to track pollutant emissions and their impact on the surrounding environment[168]. Research and Development - The company holds 114 domestic patent authorizations, including 76 invention patents and 38 utility model patents, showcasing its strong R&D capabilities[63]. - The company has developed a core technology system based on "chemical grafting + physical blending," which is internationally leading in the production of functional hot melt adhesive particles[64]. - The company’s R&D expenses increased by 42.47% to 53,035,184.20 CNY, reflecting its commitment to innovation[71]. - The company is focusing on R&D for functional polyolefins and hot melt adhesives, targeting applications in construction materials and energy pipelines[96]. - The company emphasizes the importance of continuous R&D in product formulations and processes to maintain competitive advantage and profitability[119]. Risks and Challenges - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section[11]. - The company faces risks from fluctuations in downstream industries, particularly in construction and energy sectors, which could impact revenue from its main products[117]. - Raw material costs, which account for over 88% of the company's main business costs, are subject to market price fluctuations, potentially affecting gross margins[120]. - The company anticipates stricter regulations on carbon emissions, impacting the chemical industry and potentially reshaping market dynamics[92]. - Currency exchange rate fluctuations may impact profitability as the company engages in overseas sales and purchases, primarily settled in USD[123]. Employee Management - The total number of employees in the parent company and major subsidiaries is 502, with 236 in production, 58 in sales, 113 in technical roles, and 14 in finance[154]. - The company has established a competitive salary policy that includes fixed and variable components, with performance evaluations conducted monthly for production staff and quarterly for other employees[156]. - The company emphasizes employee training and development, implementing various training programs to enhance skills and support career growth[157]. Shareholder Commitments - The company commits to not transferring or entrusting the management of its shares for 36 months post-IPO, with an automatic extension of the lock-up period under certain conditions[176]. - Shareholders, including directors and senior management, commit to not transferring or entrusting management of their pre-IPO shares for 12 months post-listing[178]. - The lock-up period for major shareholders is set at 36 months post-listing, during which they cannot transfer or manage their pre-IPO shares[181]. - If the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-listing, the lock-up period for pre-IPO shares will be extended by 6 months[178].