2019 年第一季度报告 公司代码：603055 公司简称：台华新材 浙江台华新材料股份有限公司 2019 年第一季度报告 1 / 18 2019 年第一季度报告 | --- | --- | --- | |-------|--------------|-------| | | | | | | | | | | | | | | 目录 | | | 一、 | 重要提示 | | | | 公司基本情况 | | | in in | 重要事项 | | | 四、 | 附录 | | 2 / 18 2019 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人施清岛、主管会计工作负责人李增华及会计机构负责人（会计主管人员）魏翔保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------- ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 344,603,844.38 in 2018[6]. - In 2018, the company's operating revenue reached CNY 2,974,332,568.58, representing a 9.01% increase compared to CNY 2,728,532,363.18 in 2017[27]. - The net profit attributable to shareholders of the listed company for 2018 was CNY 344,603,844.38, a decrease of 5.98% from CNY 366,522,442.63 in 2017[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 327,586,719.33, down 5.11% from CNY 345,225,883.94 in 2017[27]. - The net cash flow from operating activities for 2018 was CNY 288,427,304.76, a significant decrease of 38.00% compared to CNY 465,203,588.58 in 2017[27]. - As of the end of 2018, the net assets attributable to shareholders of the listed company were CNY 2,567,252,547.42, an increase of 12.46% from CNY 2,282,741,426.97 at the end of 2017[27]. - The total assets at the end of 2018 amounted to CNY 4,327,489,780.45, reflecting a 30.88% increase from CNY 3,306,432,886.26 at the end of 2017[27]. - Basic earnings per share for 2018 was CNY 0.63, a decrease of 14.86% compared to CNY 0.74 in 2017[28]. - The weighted average return on equity decreased to 14.45% in 2018, down 7.17 percentage points from 21.62% in 2017[28]. Dividends and Shareholder Returns - The board proposed a cash dividend of RMB 2.00 per 10 shares (including tax) and a capital reserve conversion of 4 shares for every 10 shares held[6]. - Total cash distribution to shareholders is expected to be RMB 109,520,000.00, with an additional 219,040,000 shares to be issued[6]. - In 2018, the company distributed a cash dividend of 2.00 CNY per 10 shares, totaling 109,520,000.00 CNY, which represents 31.78% of the net profit attributable to ordinary shareholders[126]. - The cash dividend for 2017 was 2.20 CNY per 10 shares, amounting to 120,472,000.00 CNY, accounting for 32.87% of the net profit attributable to ordinary shareholders[126]. Risk Management and Compliance - The company has detailed potential risks in the report, particularly in the section discussing future developments[8]. - The company emphasizes the importance of investment risk awareness regarding forward-looking statements[7]. - The company has not reported any fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has established a long-term commitment to not interfere with its operational management or misappropriate company interests[144]. - The company will disclose any failure to fulfill commitments promptly and will propose supplementary commitments to protect investor interests[144]. Research and Development - The company has invested significantly in R&D, employing over 20 experienced professionals in textile and polymer fields[58]. - The company established a postdoctoral workstation in Zhejiang Province and received 14 new patent authorizations, bringing the total to 136[72]. - Research and development expenses totaled 107,148,468.47, accounting for 3.60% of total revenue[90]. - The company has collaborated with institutions like Donghua University to enhance its R&D capabilities[58]. Market Position and Industry Insights - The company primarily engages in the production of nylon filament, fabric, and finished nylon products, establishing a complete nylon textile industry chain[37]. - The company is one of the few domestic enterprises with a complete nylon production chain, enhancing its market competitiveness[37]. - The company has been recognized as a "National Nylon Fabric Development Base" by the China Textile Industry Association for several consecutive years[38]. - The company aims to achieve a production scale of 51 billion meters in the long filament weaving industry by 2020, with an average annual growth rate of 3.33%[46]. - The demand for mid-to-high-end textile products in China is expected to continue growing due to changing consumer preferences[99]. Environmental and Social Responsibility - The company has implemented multiple environmental protection projects, including the upgrade of wastewater treatment systems and solvent recovery systems[75]. - The company emphasizes the importance of employee rights and has seen stable income growth for its employees[182]. - The company has contributed to local economic development through lawful tax payments since its establishment[182]. Financing and Capital Management - The company issued convertible bonds amounting to 533 million yuan, with a face value of 100 yuan per bond, totaling 5.33 million bonds, and a term of 6 years[185]. - The net proceeds from the bond issuance were 520.15 million yuan after deducting issuance costs[185]. - The company has maintained stable operating conditions and a reasonable asset structure, ensuring sufficient funds to repay bond principal and interest[189]. - The company has a total of 63,600,000.00 RMB in unexpired balances from self-owned funds in cash asset management[164]. Shareholder Structure - The total number of common stock shareholders at the end of the reporting period is 17,040, a decrease from 17,075 at the end of the previous month[195]. - The largest shareholder, Fuhua Global Limited, holds 201,134,920 shares, representing 36.73% of total shares[195]. - The second-largest shareholder, Jiaxing Huanan Investment Management, holds 124,096,500 shares, representing 22.66% of total shares, with 26,000,000 shares pledged[195]. - The total number of shares held by the top ten shareholders accounts for 85.47% of total shares[195].

1 / 20 | 目录 | | --- | 2018 年第三季度报告 公司代码：603055 公司简称：台华新材 浙江台华新材料股份有限公司 2018 年第三季度报告 二 0 一八年十月 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减(%) | | | 总资产 | 3,673,535,327.25 | 3,306,432,886.26 | | 11.10 | | 归属于上市公司股东 | 2,501,077,875.32 | 2,282,741,426.97 | | 9.56 | | 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(%) | | | | （1-9 月） | （1-9 月） | ...

Financial Reporting and Audit - The report covers the first half of 2018, specifically from January 1 to June 30, 2018[10]. - The company guarantees the accuracy and completeness of the financial report, with no false records or misleading statements[7]. - The financial report has not been audited, ensuring transparency in the reporting process[7]. - The report includes a detailed description of potential risks in the fourth section, which investors should review[6]. - The board of directors and senior management have all attended the board meeting, ensuring collective responsibility[7]. - The report includes a profit distribution plan that has been reviewed by the board of directors[7]. Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,477,139,273.10, representing a 13.30% increase compared to CNY 1,303,721,385.22 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2018 was CNY 234,230,851.42, up 16.45% from CNY 201,148,755.43 in the previous year[19]. - The net cash flow from operating activities decreased by 80.51%, amounting to CNY 27,764,562.53 compared to CNY 142,462,644.29 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 3,657,071,448.57, a 10.60% increase from CNY 3,306,432,886.26 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 4.98%, reaching CNY 2,396,500,278.39 compared to CNY 2,282,741,426.97 at the end of the previous year[19]. - The basic earnings per share for the first half of 2018 was CNY 0.43, a 2.38% increase from CNY 0.42 in the same period last year[20]. - The weighted average return on net assets decreased by 3.73 percentage points to 9.84% compared to 13.57% in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 226,940,409.10, reflecting a 13.93% increase from CNY 199,192,505.79 in the previous year[19]. - The diluted earnings per share remained at CNY 0.43, consistent with the basic earnings per share[20]. Risk Management - The company emphasizes the importance of risk awareness for investors regarding forward-looking statements[5]. - The company faces risks from macroeconomic fluctuations, which significantly impact both upstream raw material prices and downstream market demand, affecting sales revenue and profitability[63]. - The competitive landscape in the nylon textile industry is intense, with numerous domestic and international brands, necessitating continuous innovation and brand enhancement to maintain profitability[63]. - The company has a high inventory ratio, which poses risks of depreciation and potential difficulties in inventory liquidation due to market changes or intensified competition[65]. - High accounts receivable levels could strain the company's working capital and cash flow, increasing the risk of bad debts as business scales up[65]. Business Operations and Strategy - The company has a comprehensive list of subsidiaries, indicating a diversified business structure[10]. - The company has established a complete nylon textile industry chain, including nylon filament, weaving, dyeing, and finishing, enhancing its market competitiveness[27]. - The main products include low-denier ultra-fine nylon yarn, functional nylon yarn, and environmentally friendly nylon yarn, catering to high-end markets[27]. - The company operates through an integrated business model, with subsidiaries focusing on different stages of production, enhancing overall operational efficiency[30]. - The procurement strategy involves a centralized purchasing center to negotiate bulk material purchases, ensuring cost-effectiveness and quality control[30]. - The company has a strong focus on R&D, continuously developing new products to meet market demands and environmental standards[27]. - The company aims to expand its market presence by participating in industry standards formulation and trend-setting events[29]. - The company has a diverse product range, including special protective fabrics for military and medical applications, showcasing its innovation capabilities[27]. - The company's production model combines sales-based production and advance stocking based on market conditions, ensuring coverage for various customer types[31]. - The company primarily utilizes a direct sales model, with most products sold domestically and a small portion for export[32]. Shareholder and Management Commitments - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing, which will last until September 20, 2020[71]. - Shareholders are restricted from transferring or entrusting their shares for 12 months from the listing date, ending on September 20, 2020[71]. - After the lock-up period, shareholders can only transfer up to 25% of their total shares each year, with a six-month restriction on buying back shares after selling[73]. - The company has made commitments to avoid engaging in competitive activities with its controlling shareholders and to notify the company of any competitive business opportunities[73]. - The commitments made by the controlling shareholders are irrevocable and will remain effective as long as they are shareholders of the company[73]. - The company has established a compensation system linked to the performance of its directors and senior management[74]. - The company will not transfer benefits to other entities or individuals under unfair conditions, ensuring the protection of its interests[74]. - The company has outlined restrictions on the consumption behavior of its directors and senior management to prevent misuse of company assets[74]. Environmental and Regulatory Compliance - The company emphasizes environmental protection and has not faced significant environmental violations during the reporting period, although risks remain if standards are not consistently upheld[65]. - The company has implemented strict adherence to environmental protection laws and regulations[89]. - The company has adopted environmentally friendly production technologies, meeting EU regulations and enhancing its sustainability profile[48]. Financial Position and Capital Structure - The total assets of the company increased to CNY 3,657,071,448.57, up from CNY 3,306,432,886.26, representing a growth of approximately 10.6% year-over-year[102]. - Total liabilities increased to CNY 1,260,571,170.18, compared to CNY 1,023,691,459.29, reflecting a growth of 23.2%[103]. - Owner's equity totaled CNY 2,396,500,278.39, up from CNY 2,282,741,426.97, indicating a growth of 5.0%[104]. - The total owner's equity at the end of the period was CNY 2,396,500,278.39, with a significant portion attributed to retained earnings and capital reserves[126]. - The company is focusing on maintaining a balance between shareholder distributions and reinvestment into the business for future growth[124]. Accounting Policies and Practices - The company adopts RMB as the functional currency for its financial statements[147]. - The company uses a 12-month operating cycle for liquidity classification of assets and liabilities[146]. - The company consolidates financial statements based on control, including all subsidiaries[153]. - The company recognizes the income, expenses, and profits of disposed subsidiaries from the beginning of the period until the disposal date in the consolidated profit and loss statement[156]. - The company assesses financial assets for impairment at each balance sheet date, recognizing impairment losses when the present value of expected future cash flows is less than the carrying amount[178].

Financial Performance - In 2017, the company achieved a net profit attributable to shareholders of 366,522,442.63 yuan, with the parent company reporting a net profit of 100,738,062.31 yuan[4]. - The company reported a significant increase in revenue, with a year-over-year growth of 15% in 2017[19]. - The company's operating revenue for 2017 was approximately ¥2.73 billion, representing a year-over-year increase of 21.60% compared to ¥2.24 billion in 2016[20]. - Net profit attributable to shareholders for 2017 was approximately ¥366.52 million, a significant increase of 61.07% from ¥227.56 million in 2016[20]. - The basic earnings per share for 2017 was ¥0.74, reflecting a growth of 57.45% compared to ¥0.47 in 2016[21]. - The company's total assets at the end of 2017 were approximately ¥3.31 billion, an increase of 12.60% from ¥2.94 billion at the end of 2016[20]. - The gross margin improved to 30%, up from 28% in the previous year, indicating better cost management[19]. - The cash flow from operating activities for 2017 was approximately ¥465.20 million, a decrease of 41.79% from ¥799.16 million in 2016[20]. - The weighted average return on equity for 2017 was 21.62%, an increase of 3.98 percentage points from 17.64% in 2016[21]. Shareholder Returns - The board proposed a cash dividend of 2.20 yuan per 10 shares, totaling 120,472,000.00 yuan to be distributed to shareholders, with no bonus shares or capital reserve conversion planned for the year[4]. - The cash dividend distribution for 2017 represents 32.87% of the net profit attributable to ordinary shareholders, which was 366,522,442.63 RMB[100]. - Over the past three years, the company has cumulatively distributed cash dividends amounting to at least 30% of the average annual distributable profit[97]. - The company will distribute at least 10% of the annual distributable profit as cash dividends if there are no significant investment plans or cash expenditures[97]. - The cash dividend distribution plan for 2017 is subject to approval at the annual shareholders' meeting[98]. Risk Management - The company has disclosed potential risks in its report, urging investors to be cautious regarding future plans and investment risks[5]. - The company faces risks related to macroeconomic fluctuations, which can significantly impact sales revenue and profitability due to upstream raw material price volatility and downstream market demand changes[91]. - The company has a high inventory ratio, which poses a risk of inventory depreciation and potential difficulties in inventory liquidation[92]. - The company is exposed to high accounts receivable levels, which can affect cash flow and operational efficiency if not managed properly[92]. - The company emphasizes environmental protection and has not faced major pollution incidents, but must continue to adhere to strict environmental standards to mitigate risks[93]. Research and Development - The company plans to invest 5 million RMB in R&D for new technologies in the upcoming fiscal year[19]. - The company has a strong R&D team with over 20 professionals experienced in textile and polymer fields, enhancing product development capabilities[44]. - The company collaborates with renowned institutions and companies like Donghua University and DuPont to boost R&D strength[44]. - Research and development expenses rose by 55.31% to ¥87,382,966.23[59]. - The total R&D investment for the period was 87.38 million yuan, accounting for 3.20% of operating revenue, with 375 R&D personnel representing 9.23% of the total workforce[71]. Market Expansion - The company is expanding its market presence, targeting new regions in Asia and Europe to increase its customer base[19]. - A strategic acquisition was announced, aimed at enhancing the company's technological capabilities in fiber production[19]. - The company has established a complete nylon textile industry chain, including spinning, weaving, dyeing, and finishing, enhancing its market competitiveness[28]. - The company has established a stable customer base, including well-known brands such as Decathlon and H&M, enhancing its market position[47]. Corporate Governance - The company has complied with legal regulations and maintained a sound corporate governance structure[127]. - The company has fulfilled its information disclosure obligations, ensuring fair access to information for all investors[127]. - The board of directors held a total of 7 meetings in the year, with 5 conducted in person and 2 combining in-person and communication methods[168]. - The audit committee held 5 meetings in 2017, reviewing key financial reports and ensuring the accuracy of financial disclosures[172]. - The company has maintained a stable management team with no changes in senior management positions during the reporting period[149]. Environmental and Social Responsibility - The company has invested in environmental protection projects, including solvent recovery and wastewater treatment upgrades, to comply with increasing regulatory demands[54]. - The company has not reported any significant environmental issues or compliance failures[128]. - The company has a policy to determine remuneration based on industry standards and comparable companies, considering its actual situation[154]. Financial Position - The asset-liability ratio stood at 30.96% as of December 31, 2017, indicating a stable financial position[56]. - The total liabilities decreased from RMB 1,538,069,546.69 to RMB 1,023,691,459.29, resulting in a reduction of the debt-to-asset ratio from 52.38% to 30.96%[136]. - The company's retained earnings rose by 47.45% to 992.56 million yuan, reflecting increased profitability[73]. - The total current assets rose from CNY 1,462,256,813.65 to CNY 1,747,742,677.44, reflecting an increase of approximately 19.6%[195]. Share Issuance and Capital Structure - The company successfully completed its IPO on September 21, 2017, raising net proceeds of CNY 555 million, which will be used to accelerate project development[52]. - The company issued 67,600,000 shares of common stock at an issuance price of RMB 9.21 per share, raising a total of RMB 62,259,600 before expenses[132]. - After the issuance, the total number of common shares increased from 480,000,000 to 547,600,000, with the new shares being unrestricted[136]. - The top shareholder, Fuhua Global Limited, holds 201,134,920 shares, representing 36.73% of total shares[139].

2018 年第一季度报告 公司代码：603055 公司简称：台华新材 浙江台华新材料股份有限公司 2018 年第一季度报告 1 / 17 | 一、重要提示 3 | | --- | | 二、公司基本情况 3 | | 三、重要事项 6 | | 四、附录 7 | 2018 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 | 3,454,984,241.07 | 3,306,432,886.26 | | 4.49 | | 归属于上市公司股 | 2,360,706,105.28 | 2,282,741,426.97 | | 3.42 | | 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 | -962,730.78 | 63,751,421.10 | | -101.51 | | 金 ...

Financial Performance - Net profit attributable to shareholders rose by 98.20% to CNY 271,875,972.52 for the first nine months[6] - Operating revenue for the first nine months increased by 24.28% to CNY 2,018,134,515.15[6] - Basic earnings per share increased by 96.55% to CNY 0.57[6] - The company reported a 35.40% increase in undistributed profits, totaling ¥911,410,098.20, due to increased profitability during the period[11] - Total operating revenue for Q3 2017 reached ¥714,413,129.93, a 29.8% increase from ¥550,091,789.46 in Q3 2016[26] - Net profit for Q3 2017 was ¥70,727,217.09, representing a 20.5% increase compared to ¥58,831,941.76 in Q3 2016[27] - Basic earnings per share for Q3 2017 was ¥0.15, up from ¥0.12 in Q3 2016[28] - Total profit for Q3 2017 was ¥83,892,119.77, compared to ¥66,693,581.03 in Q3 2016, marking a 25.7% increase[27] Assets and Liabilities - Total assets increased by 19.29% year-on-year, reaching CNY 3,502,622,499.12[6] - Current assets totaled CNY 2,014,740,763.88, compared to CNY 1,462,256,813.65, indicating a rise of about 37.7%[20] - Total liabilities amounted to CNY 1,311,103,959.59, down from CNY 1,538,069,546.69, showing a decrease of approximately 14.8%[19] - Owner's equity rose to CNY 2,191,518,539.53, compared to CNY 1,398,242,567.01, marking an increase of about 56.8%[20] - The total liabilities to equity ratio improved to 0.60 from 1.10, indicating a stronger financial position[19] Cash Flow - Net cash flow from operating activities decreased by 44.24% to CNY 341,850,402.73[6] - Cash flow from operating activities for the first nine months was CNY 341,850,402.73, down from CNY 613,044,303.83 in the same period last year, indicating a decline of approximately 44.2%[34] - Cash inflow from operating activities totaled CNY 1,653,294,107.12 for the first nine months, compared to CNY 1,421,429,137.17 last year, reflecting an increase of about 16.3%[34] - Cash flow from investing activities showed a net outflow of CNY 131,839,199.91, worsening from a net outflow of CNY 25,052,429.80 in the previous year[34] - Cash flow from financing activities generated a net inflow of CNY 256,569,918.49, a significant improvement from a net outflow of CNY 638,791,281.88 last year[35] - The ending cash and cash equivalents balance was CNY 797,120,325.33, up from CNY 147,778,236.93 at the end of the previous year, indicating a substantial increase of approximately 438.5%[35] Shareholder Information - The total number of shareholders reached 65,463 by the end of the reporting period[8] - The largest shareholder, Fuhua Global Limited, holds 36.73% of the shares[9] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 5,914,967.60 during the reporting period[7] - Non-recurring gains and losses totaled CNY 6,875,991.46 for the reporting period[7] Expenses - Management expenses increased by 33.80% to ¥138,158,130.24, mainly due to higher R&D expenditures[12] - Financial expenses decreased by 58.04% to ¥33,272,011.57, primarily due to reduced interest expenses and exchange losses[12] - The company’s income tax expense increased by 160.91% to ¥59,508,246.37, driven by higher profitability[12] - Total operating costs for the first nine months of 2017 were ¥1,689,290,462.60, a 15.3% increase from ¥1,465,818,844.49 in the same period of 2016[26] - Management expenses for Q3 2017 increased to ¥52,570,962.40, up 59.6% from ¥32,929,638.01 in Q3 2016[27] - Financial expenses for Q3 2017 decreased to ¥7,118,192.18, down 58.4% from ¥17,111,428.20 in Q3 2016[27]