北京植德律师事务所 关于江阴江化微电子材料股份有限公司 2023年第二次临时股东大会的 本法律意见书仅供本次股东大会之目的使用，本所律师同意将本法律意见书 随本次股东大会其他信息披露资料一并公告，并依法对本法律意见书承担相应的 责任。 本所律师根据《证券法律业务管理办法》第二十条和《股东大会规则》第五 条的要求，按照律师行业公认的业务标准、道德规范和勤勉尽责精神，对本次股 东大会的相关文件和有关事实进行了核查和验证，现出具法律意见如下： 1 一、本次股东大会的召集、召开程序 1. 经查验，本次股东大会由江化微第五届董事会第六次会议决定召集。2023 年8月2日，江化微在上海证券交易所网站上刊登了《江阴江化微电子材料股份有 限公司关于召开2023年第二次临时股东大会的通知》。前述通知载明了本次股东 大会召开的时间、地点，说明了股东有权亲自或委托代理人出席股东大会并行使 表决权，以及会议的投票方式、有权出席股东的股权登记日、出席会议股东的登 记办法、联系地址及联系人等事项。 法律意见书 植德京(会)字[2023]0116号 致：江阴江化微电子材料股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》《 ...

江阴江化微电子材料股份有限公司 2023 年第二次临时股东大会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东大会召开的时间：2023 年 8 月 17 日 (二)股东大会召开的地点：江苏省江阴市周庄镇长寿云顾路 581 号江阴江化微电 子材料股份有限公司行政楼四楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 13 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 99,178,084 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 25.7180 | | 份总数的比例（%） | | 证券代码：603078 证券简称：江化微 公告编号：2023-044 二、议案审议情况 (一)非累积投票议案 1、议案名称：关于对控股子公司增资的议案 审议结果：通过 表决情况： (四)表决方式是否符合《公司法》及《公司章程》的规定， ...

江化微 2023 年第二次临时股东大会 会议资料 1 | 会议议程 3 | | --- | | 会议须知 5 | | 议案一、 关于对控股子公司增资的议案 6 | | 议案二、 关于为子公司提供担保的议案 7 | 江阴江化微电子材料股份有限公司 2023 年第二次临时股东大会 会议资料 二〇二三年八月十七日 江化微 2023 年第二次临时股东大会 会议资料 会议议程 一、会议时间、地点及投票方式 （一）现场会议时间：2023 年 8 月 17 日 13 点 00 分 （二）现场会议地点：江苏省江阴市周庄镇长寿云顾路 581 号江阴江化微电子材料股份有 限公司行政楼四楼会议室 （三）会议召集人：公司董事会 （四）会议主持人：董事长殷福华先生 （五）会议投票方式：现场投票和网络投票相结合 （六）网络投票的系统、起止日期和投票时间网络投票系统：上海证券交易所股东大会网 络投票系统网络投票起止时间：自 2023 年 8 月 17 日至 2023 年 8 月 17 日采用上海证券交易所 网络投票系统，通过交易系统投票平台的投票时间为股东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00- ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥225,871,619.21, representing a decrease of 7.40% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥26,808,458.87, down 18.80% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥25,828,711.67, a decrease of 20.84% compared to the previous year[5]. - The basic earnings per share (EPS) was ¥0.0904, reflecting a decline of 30.26% year-on-year[5]. - The company reported a net profit margin of approximately 8.5% for Q1 2023, compared to 10.0% in Q1 2022[18]. - The company's net profit for Q1 2023 was CNY 19,912,779.58, a decrease from CNY 33,009,163.00 in Q1 2022, representing a decline of approximately 39.8%[20]. - Operating profit for Q1 2023 was CNY 19,614,193.87, down from CNY 39,247,830.64 in the same period last year, indicating a decrease of about 50%[20]. - The total comprehensive income for Q1 2023 was CNY 19,912,779.58, compared to CNY 33,009,163.00 in Q1 2022, showing a decline of about 39.8%[20]. - Basic and diluted earnings per share for Q1 2023 were CNY 0.0904, down from CNY 0.1296 in Q1 2022, a decrease of approximately 30.2%[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,702,578,020.51, down 6.29% from the end of the previous year[6]. - Cash and cash equivalents decreased to CNY 820,876,231.04 from CNY 998,560,258.27, a decline of 17.8%[13]. - Total assets as of March 31, 2023, were CNY 2,702,578,020.51, down from CNY 2,883,842,227.69 at the end of 2022, reflecting a decrease of 6.3%[14]. - Total liabilities decreased to CNY 837,036,643.31 from CNY 1,032,914,185.61, a reduction of 19%[15]. - Current liabilities totaled CNY 270,037,988.57, down from CNY 437,548,745.26, indicating a decrease of 38.3%[14]. - Non-current assets amounted to CNY 1,405,687,938.79, slightly down from CNY 1,414,015,085.15, a decrease of 0.9%[14]. - The company's equity attributable to shareholders increased to CNY 1,660,336,088.58 from CNY 1,638,827,074.17, an increase of 1.0%[15]. Cash Flow - The net cash flow from operating activities was negative at -¥5,191,768.51, indicating a significant cash outflow[5]. - The company reported a net cash outflow from operating activities of CNY -5,191,768.51 for Q1 2023, an improvement from CNY -9,062,799.82 in Q1 2022[24]. - Total revenue from sales and services received in cash was CNY 160,961,144.86, slightly down from CNY 162,883,488.99 in the previous year, a decrease of about 1.2%[23]. Costs and Expenses - Total operating costs for Q1 2023 were CNY 206,727,336.66, slightly up from CNY 204,885,901.12 in Q1 2022[18]. - Operating costs included CNY 165,029,702.21 in cost of goods sold, down from CNY 172,283,426.69 in the previous year, indicating a reduction of 4.8%[18]. - The company incurred financial expenses of CNY 1,394,462.82 in Q1 2023, a decrease from CNY 2,461,861.43 in Q1 2022, reflecting a reduction of approximately 43.3%[20]. - Research and development expenses increased to CNY 14,221,990.00 in Q1 2023, compared to CNY 8,979,720.84 in Q1 2022, reflecting a growth of approximately 58.5%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 52,253[9]. - The largest shareholder, Zibo Xingheng Tushong Holdings Co., Ltd., held 23.96% of the shares, amounting to 71,063,330 shares[9]. Non-Recurring Gains - The company reported non-recurring gains of ¥979,747.20 for the period[6]. - The company recorded investment income of CNY 1,282,706.63 in Q1 2023, up from CNY 680,000.00 in Q1 2022, marking an increase of approximately 88.6%[24].

Financial Performance - The company achieved operating revenue of ¥939.16 million in 2022, an increase of 18.56% compared to ¥792.14 million in 2021[25]. - Net profit attributable to shareholders reached ¥105.78 million, representing an 87.19% increase from ¥56.51 million in the previous year[25]. - Basic earnings per share rose to ¥0.4096, up 84.67% from ¥0.2218 in 2021[24]. - The weighted average return on equity increased to 9.68%, up 4.69 percentage points from 4.99% in 2021[24]. - The company's gross profit margin improved to 27.75%, an increase of 5.60 percentage points year-on-year[31]. - The net cash flow from operating activities was ¥122.45 million, a significant recovery from a negative cash flow of ¥49.31 million in 2021[25]. - The total assets grew to ¥2.88 billion, a 28.27% increase from ¥2.25 billion at the end of 2021[25]. - The company’s net assets attributable to shareholders increased by 41.88% to ¥1.64 billion from ¥1.16 billion in 2021[25]. - The company achieved a sales revenue of 533.83 million yuan for functional chemical products in 2022, with a gross margin of 29.01%, an increase of 5.3 percentage points compared to 2021[50]. Dividend and Capital Management - The company plans to distribute a cash dividend of 0.70 CNY per 10 shares, totaling 20,765,082.59 CNY (including tax) to shareholders[7]. - The company will increase its capital reserve by issuing 3 additional shares for every 10 shares held, resulting in a total of 88,993,211 new shares, bringing the total share capital to 385,637,248 shares[7]. - The company has not proposed any stock bonuses for the current year[7]. - The company’s cash dividend policy allows for a minimum of 80% cash distribution in mature stages without major expenditures, and 40% if there are significant cash outflows[163]. - The board of directors must consider the company's sustainable operation capability and investor returns when proposing profit distribution plans[165]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to be cautious[8]. - The company has detailed potential industry and operational risks in the report, which can be found in the section discussing "possible risks"[9]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[9]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has implemented a robust governance structure in compliance with relevant laws and regulations, ensuring equal treatment of all shareholders[129]. - The company has a dedicated investor relations management system to enhance communication with investors and protect their rights[130]. Research and Development - The company focused on R&D and innovation, successfully being recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology in 2021[31]. - The company has a professional R&D team of over 90 people and holds 128 patents, including 44 invention patents, indicating strong research capabilities in the wet electronic chemicals sector[49]. - The company is committed to developing green products, focusing on high-performance resins and electronic chemicals[80]. - The company is focusing on R&D in four main areas, including international technology trends, market-driven product development, forward-looking independent R&D, and industry-university-research cooperation[86]. Market and Industry Position - The company specializes in the R&D, production, and sales of ultra-pure reagents and photoresist supporting reagents, positioning itself as a leading enterprise in the domestic wet electronic chemicals industry[42]. - The domestic market for wet electronic chemicals has seen significant growth, with over 50% user coverage in the semiconductor sector[37]. - The projected demand for wet electronic chemicals is expected to grow to 3.6956 million tons by 2025, driven by the continuous development of integrated circuits, display panels, and solar photovoltaic fields[41]. - The company is positioned in the first tier of domestic wet electronic chemical enterprises, having broken the technical monopoly of multinational companies[112]. Environmental Responsibility - The company invested 2.1206 million yuan in environmental protection during the reporting period[176]. - The company achieved zero discharge of nitrogen and phosphorus wastewater and calcium fluoride sludge, with all other wastewater meeting discharge standards[179]. - The company has committed to maintaining strict compliance with environmental laws and regulations, ensuring no violations occurred during the reporting period[187]. - The company has established various management systems to regulate waste treatment and environmental protection during production processes[183]. Corporate Governance - The company has established a complete independent labor, personnel, and compensation management system, ensuring independence from its controlling shareholder[132]. - The company maintains an independent financial department and accounting system, ensuring financial independence from its controlling shareholder[132]. - The company has appointed new independent directors and supervisors, enhancing its governance structure[136]. - Jianghuai Microelectronics has established a sound corporate governance structure with independent and complete organizational institutions[133]. Future Outlook - The company plans to enhance customer development and sales in the semiconductor and flat panel display sectors[31]. - Future guidance indicates a projected revenue growth of 5% for the next fiscal year, driven by new product launches and market expansion strategies[137]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[137]. - The company aims to improve operational efficiency by implementing new technologies, targeting a cost reduction of 10% in the next fiscal year[137].

证券代码：603078 证券简称：江化微 公告编号：2023-024 江阴江化微电子材料股份有限公司 关于召开 2022 年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 04 月 19 日（星期三）下午 15:00-16:00 会议召开地点： 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 04 月 19 日 15:00-16:00 上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/） 价值在线（网址：www.ir-online.cn） 会议召开方式：网络互动 投资者可于 2023 年 04 月 12 日（星期三）至 04 月 18 日（星期二）16:00 前①登录上证路演中心网站首页点击 "提问预征集"栏目；②访问网址 https://eseb.cn/13HETvnfJLi 或使用微信扫描下方小程序码进行会前提问；③通过 公司邮箱 dmb@jianghuamem.com 进行提问。公司将在说明会上对投资者普 ...

Financial Performance - Revenue for Q3 2022 reached ¥224,884,075.76, an increase of 10.05% compared to the same period last year[5] - Net profit attributable to shareholders was ¥20,305,918.86, up 62.02% year-on-year, while the net profit after deducting non-recurring gains and losses was ¥19,794,165.30, an increase of 57.51%[5] - Year-to-date revenue totaled ¥694,914,983.62, reflecting a growth of 28.81% compared to the previous year[5] - Basic and diluted earnings per share for Q3 2022 were both ¥0.0797, representing a significant increase of 155.45% year-on-year[6] - Net profit for the third quarter of 2022 was ¥72,167,175.73, significantly higher than ¥27,406,915.53 in the same quarter of 2021, reflecting a growth of approximately 162.5%[19] - Basic and diluted earnings per share for the third quarter of 2022 were both ¥0.3213, compared to ¥0.1092 in the same quarter of 2021, marking an increase of approximately 194.5%[21] - Total operating revenue for the first three quarters of 2022 reached ¥694,914,983.62, an increase from ¥539,504,797.38 in the same period of 2021, representing a growth of approximately 28.8%[18] - Total operating costs for the first three quarters of 2022 were ¥618,859,501.78, compared to ¥509,890,607.83 in the previous year, indicating an increase of about 21.4%[18] Assets and Liabilities - Total assets as of the end of Q3 2022 amounted to ¥2,320,518,321.70, a 3.21% increase from the end of the previous year[6] - The company's total current assets as of September 30, 2022, amount to ¥910,002,139.35, an increase from ¥773,712,513.09 at the end of 2021[14] - The total assets of the company are ¥2,320,518,321.70, compared to ¥2,248,281,468.76 at the end of 2021[15] - The company's total non-current liabilities decreased to ¥323,565,853.43 from ¥392,725,361.93[15] - The total current liabilities decreased to ¥490,204,810.67 from ¥679,271,289.82[15] - Total liabilities decreased from ¥1,095,098,877.63 in the previous year to ¥832,806,056.53 in the current year, a reduction of approximately 24.0%[20] - The total equity attributable to shareholders of the parent company increased from ¥1,155,087,310.31 to ¥1,270,012,287.63, reflecting a growth of about 9.9%[20] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥94,664,492.12, with no applicable data for the current quarter[5] - The net cash flow from operating activities for the first three quarters of 2022 was ¥94,664,492.12, a turnaround from a negative cash flow of ¥77,535,108.78 in the same period of 2021[21] - Cash inflow from investment activities totaled $189,743,131.28, a decrease from $332,343,481.47 in the previous period, resulting in a net cash flow from investment activities of $6,394,616.79, compared to a negative $201,070,135.78 last year[22] - Cash inflow from financing activities amounted to $400,000,000.00, up from $253,000,000.00 in the previous period, leading to a net cash flow from financing activities of $159,889,126.55, compared to $89,930,418.57 last year[22] - The net increase in cash and cash equivalents was $260,924,910.06, contrasting with a decrease of $188,674,825.99 in the previous period[22] - The ending balance of cash and cash equivalents reached $466,212,041.47, compared to $249,710,361.39 at the end of the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,132[11] - The largest shareholder, Yin Fuhua, holds 49,336,370 shares, accounting for 19.37% of total shares[11] - The company has a pledge situation for 14,591,603 shares held by a major shareholder[11] Expenses and Financial Management - Significant increase in financial expenses by 433.71% primarily due to project loans being recorded as financial expenses[10] - The company reported a 115.78% increase in taxes and surcharges, attributed to sales growth[10] - Research and development expenses for the third quarter of 2022 amounted to ¥29,214,599.71, up from ¥26,449,806.08 in the previous year, indicating an increase of about 10.5%[19] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[5] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2022[23]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥470,030,907.86, representing a 40.24% increase compared to ¥335,154,670.42 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was ¥61,542,557.76, a significant increase of 302.80% from ¥15,278,838.33 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥57,643,638.34, up 309.15% from ¥14,088,763.57 year-on-year[18]. - The net cash flow from operating activities was ¥149,148,931.49, compared to a negative cash flow of ¥19,629,308.95 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were ¥0.2416, a 302.67% increase from ¥0.0600 in the same period last year[18]. - The weighted average return on net assets increased by 3.85 percentage points to 5.22% from 1.37% in the previous year[18]. - The company achieved operating revenue of CNY 470.03 million in the first half of 2022, a year-on-year increase of 40.24%[40]. - The net profit attributable to shareholders reached CNY 61.54 million, up 302.80% compared to the same period last year[40]. - The company reported a net profit of -¥16.12 million for Jiangyin Jianghua Microtrade Co., Ltd., indicating a loss[50]. - The company reported a total revenue from sales of goods and services of CNY 442,614,036.25, which is an increase from CNY 250,453,641.43 in the first half of 2021, reflecting a growth of approximately 77%[106]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,362,574,193.58, reflecting a 5.08% increase from ¥2,248,281,468.76 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 8.19% to ¥1,249,706,368.77 from ¥1,155,087,310.31 at the end of the previous year[18]. - Total liabilities decreased to ¥888,694,671.23 from ¥1,095,098,877.63, a reduction of about 19.00%[94]. - The company's total liabilities decreased to ¥317,884,959.04 from ¥401,975,833.43, indicating a reduction of 21%[97]. - The total equity attributable to shareholders at the end of the period was ¥1,251,187,132.50, showing a growth from the previous year's balance[125]. Cash Flow - The company's operating cash flow net amount was CNY 149.15 million, a significant recovery from a negative cash flow in the previous year[43]. - The net cash flow from operating activities for the first half of 2022 was ¥130,537,615.49, a significant improvement compared to a net outflow of ¥17,232,155.32 in the same period of 2021, representing a turnaround of over 855%[109]. - Total cash inflow from operating activities increased to ¥351,877,179.65 in the first half of 2022, which is a 40.5% increase from ¥250,453,641.43 in the first half of 2021[109]. - The total cash outflow from operating activities was CNY 397,353,017.26, compared to CNY 278,575,589.22 in the previous year, indicating an increase in operational expenditures[107]. Research and Development - The company’s R&D team consists of over 50 professionals, leveraging partnerships with academic institutions to stay at the forefront of technological advancements[34]. - The company’s R&D expenses were CNY 16.90 million, showing a slight decrease of 2.66% year-on-year[44]. - The company has developed 13 high-tech products recognized by the Jiangsu Provincial Department of Science and Technology, including high-efficiency acidic stripping solutions and low-temperature water-based positive resists[34]. Market and Industry - The company’s main business includes the R&D, production, and sales of ultra-pure reagents and photoresist supporting reagents, primarily used in microelectronics and optoelectronics[23]. - The market for wet electronic chemicals is recognized as a significant category in semiconductor manufacturing, with increasing demand in the industry[27]. - The wet electronic chemicals market in China is projected to exceed 10.5 billion yuan, with a demand of 1.4704 million tons, maintaining a double-digit growth rate in the coming years[32]. - The global consumption of electronic chemicals has maintained an average annual growth rate of over 8% since the 1990s, making it one of the fastest-growing sectors in the chemical industry[31]. Risks and Challenges - The company faces risks from fluctuations in the prices of key raw materials, which include various chemical compounds, potentially impacting production operations[52]. - Increased competition in the wet electronic chemicals market is anticipated, which may affect product pricing and profitability due to heightened market pressures[53]. - The company faces risks related to accounts receivable, with a significant balance that could pressure liquidity and increase the risk of bad debts[56]. - Environmental protection costs are expected to rise due to stricter regulations and customer demands, potentially impacting operational costs[55]. Corporate Governance - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in the report[4]. - There are no significant risks or non-operational fund occupation issues reported by the controlling shareholders[5]. - The company did not propose any profit distribution or capital reserve transfer plan for the half-year period[62]. - The controlling shareholder has committed to not engage in any competitive activities with the company[70]. Shareholder Information - The total share capital after the distribution is 254,763,913 shares, an increase of 58,791,672 shares from the previous 195,972,241 shares[80]. - A cash dividend of 0.09 RMB per share was distributed, totaling 17,637,501.69 RMB[80]. - The number of ordinary shareholders reached 43,215 by the end of the reporting period[81]. - The largest shareholder, Yin Fuhua, holds 49,336,370 shares, accounting for 19.37% of the total shares[83]. Compliance and Regulations - The company adheres to strict environmental protection laws and has not faced any administrative penalties related to environmental issues during the reporting period[65]. - The company has implemented measures to ensure compliance with environmental regulations without incurring penalties[66]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts about its ability to continue operations in the next 12 months[131].

Financial Performance - Revenue for Q1 2022 reached ¥243,917,158.79, an increase of 55.98% compared to the same period last year[2] - Net profit attributable to shareholders was ¥33,013,413.99, representing a significant increase of 253.78% year-on-year[2] - Basic earnings per share for the quarter were ¥0.1685, up 253.88% from the previous year[2] - The company's net profit for Q1 2022 is not explicitly stated, but the increase in revenue suggests a positive trend in profitability[16] - The net profit for Q1 2022 was CNY 33,009,163, a significant increase from CNY 9,190,040 in Q1 2021, representing a growth of approximately 259%[18] - The company reported an operating profit of CNY 39,247,830.64, up from CNY 10,008,425.47 in Q1 2021, marking an increase of approximately 292%[18] - The total profit before tax for Q1 2022 was CNY 38,439,695.20, compared to CNY 9,896,128.69 in Q1 2021, reflecting a growth of approximately 288%[18] Assets and Liabilities - The company's total assets decreased by 3.54% to ¥2,168,617,971.43 compared to the end of the previous year[3] - Cash and cash equivalents as of March 31, 2022, amounted to RMB 225,398,731.79, down from RMB 292,703,078.05 as of December 31, 2021, reflecting a decrease of approximately 23%[11] - Total assets decreased to RMB 2,168,617,971.43 from RMB 2,248,281,468.76, a decline of about 3.5%[14] - Total liabilities decreased to RMB 982,426,217.30 from RMB 1,095,098,877.63, indicating a reduction of approximately 10.3%[13] Cash Flow - Operating cash flow for the quarter was negative at -¥9,062,799.82, a decline of 78.73% year-on-year[2] - The net cash flow from operating activities was negative CNY 9,062,799.82, an improvement from negative CNY 42,616,193.77 in Q1 2021[20] - Investment activities resulted in a net cash outflow of CNY 11,678,958.46, an improvement from a net outflow of CNY 182,130,932.89 in Q1 2021[21] - The company raised CNY 25,000,000 through borrowings, consistent with the previous year, while cash outflows for debt repayment increased to CNY 33,318,960 from CNY 15,079,740[21] Costs and Expenses - The company reported a 35.14% increase in operating costs, primarily due to sales growth[5] - Total operating costs for Q1 2022 were RMB 204,885,901.12, up from RMB 145,538,272.84 in Q1 2021, indicating an increase of about 40.7%[16] - Research and development expenses increased by 59.76%, indicating a focus on innovation and new projects[5] - The company's R&D expenses for Q1 2022 were RMB 8,979,720.84, up from RMB 5,620,610.62 in Q1 2021, reflecting an increase of about 59.5%[16] Receivables and Inventory - The number of receivables decreased by 55.73%, attributed to an increase in procurement payments[5] - Accounts receivable increased to RMB 345,469,541.90 from RMB 310,267,999.27, showing a rise of about 11.3%[12] - Inventory as of March 31, 2022, was RMB 54,441,488.18, compared to RMB 50,347,132.93 at the end of 2021, marking an increase of approximately 8.3%[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies[2]

Financial Performance - The company achieved operating revenue of CNY 792,144,497.76 in 2021, an increase of 40.50% compared to the previous year[21]. - The net profit attributable to shareholders was CNY 56,507,706.01, a decrease of 2.90% year-on-year[21]. - The gross profit margin was 22.15%, down by 3.67 percentage points from the previous year[28]. - The company reported a net cash flow from operating activities of CNY -49,311,873.67, worsening by 433.95% compared to the previous year[21]. - The total assets at the end of 2021 were CNY 2,248,281,468.76, an increase of 13.07% from the end of 2020[21]. - The company’s basic earnings per share decreased by 8.09% to CNY 0.2883 in 2021[22]. - The operating cost increased by 47.45% to CNY 616,646,016.92, impacting overall profitability[28]. Dividend and Share Capital - The company plans to distribute a cash dividend of 0.9 CNY per 10 shares, totaling 17,637,501.69 CNY (including tax) based on the share capital as of December 31, 2021[4]. - The company will increase its share capital by 3 shares for every 10 shares held, resulting in a total increase of 58,791,672 shares, bringing the total share capital to 254,763,913 shares[4]. - The cash dividend distribution policy allows for a minimum of 80% cash dividends during mature phases without major expenditures, and 40% if there are significant spending plans[145]. - The board must consider the company's sustainable operation capability and investor returns when proposing profit distribution plans, ensuring compliance with legal and regulatory requirements[146]. Industry and Market Position - The company operates in the microelectronics sector, focusing on high-purity reagents and electronic chemical materials[11]. - The company has been focusing on market expansion and product structure adjustment to increase the proportion of high-value-added products in the semiconductor and flat panel display industries[28]. - The company is positioned to become a competitive international manufacturer of wet electronic chemicals with G5 product capabilities upon the completion of the Zhenjiang base[36]. - The wet electronic chemicals industry is expected to maintain a double-digit growth rate, with the market size projected to exceed ¥10.5 billion by 2020[35]. - The company’s products are critical for processes in flat panel displays, semiconductors, LEDs, and solar energy, indicating a strong market demand and growth potential[37]. Research and Development - The company holds 104 patents, including 39 invention patents and 64 utility model patents, showcasing its strong R&D capabilities[38]. - R&D expenses increased by 19.26% to ¥36,215,561.31, driven by an increase in research samples[46]. - The company has established a stable cooperative relationship with Nanjing University for joint R&D, enhancing its technological edge[38]. - The company is focused on R&D in new materials and technologies to improve its competitive position in the market[94]. Risk Management - The company emphasizes that future plans and strategic developments mentioned in the report do not constitute a commitment to investors, highlighting potential investment risks[5]. - The company has detailed potential industry and operational risks in the report[7]. - The company faces risks from fluctuations in the prices of key raw materials, which include basic chemical materials such as hydrofluoric acid and isopropanol, potentially impacting production operations[110]. - Environmental protection and safety production risks are present, with potential increases in environmental governance costs and the possibility of accidents affecting operations[112]. Governance and Compliance - The company maintains a robust governance structure, ensuring compliance with laws and regulations, and promoting independent operations of its board and management[114]. - The company has established independent financial management systems, ensuring proper accounting practices and financial decision-making[117]. - The company has not reported any new product launches or technological developments in the current period[121]. - The company has not engaged in any cash asset management or entrusted loan activities during the reporting period[183]. Customer and Supplier Relationships - The company has established stable partnerships with major clients in various sectors, including BOE, China Electronics Rainbow, and Tongwei Solar[36]. - The company’s procurement process includes strict supplier selection to ensure quality and price stability of raw materials[74]. - The company has established stable relationships with downstream customers, allowing for rapid response to new product development needs[79]. Employee and Management Structure - The company employed a total of 579 staff members, including 400 in the parent company and 179 in major subsidiaries[140]. - The workforce composition includes 345 production personnel, 32 sales personnel, 95 technical personnel, 15 financial personnel, and 92 administrative personnel[140]. - The company has implemented a performance-based salary system, linking compensation closely to performance evaluations[142]. - The company emphasizes comprehensive training for employees, focusing on improving skills and professional capabilities[143].