Financial Performance - In 2018, the company achieved a net profit of CNY 39,315,278.23, with a statutory surplus reserve of CNY 3,931,527.82, resulting in distributable profits of CNY 56,205,758.71 as of December 31, 2018[4]. - The company's operating revenue for 2018 was CNY 392,419,779.70, a decrease of 0.69% compared to CNY 395,156,205.97 in 2017[17]. - The net profit attributable to shareholders decreased by 40.40% to CNY 32,798,286.43 from CNY 55,033,553.30 in the previous year[17]. - The net cash flow from operating activities was CNY 50,522,593.77, down 23.04% from CNY 65,646,514.06 in 2017[18]. - The company's basic earnings per share decreased by 52.08% to CNY 0.23 in 2018 from CNY 0.48 in 2017[19]. - The weighted average return on equity dropped to 5.20% in 2018, down 9.85 percentage points from 15.05% in 2017[19]. - The company's total revenue for the fourth quarter was CNY 107,260,914.06, showing a steady performance throughout the year[20]. - The net profit after deducting non-recurring gains and losses for the fourth quarter was CNY 1,802,611.72, indicating a decline compared to previous quarters[21]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 2.8 per 10 shares, totaling CNY 39,874,279.20, based on a total share count of 142,408,140 after accounting for treasury shares[4]. - The company distributed cash dividends of 1.90 RMB per 10 shares, totaling 19,506,673 RMB, and plans to increase the share capital by 4 shares for every 10 shares held, resulting in an additional 41,066,680 shares[79]. Market Position and Strategy - The company has a strong market position in the Yangtze River Delta region, recognized for its competitive advantages in the ink production industry[24]. - The company has implemented the "Amoeba" management model to enhance operational efficiency and reduce costs[34]. - The company aims to lead the domestic ink manufacturing industry by focusing on "green printing" and "green packaging" in response to increasing environmental and food safety concerns[70]. - The company plans to enhance its competitive edge through technological innovation and resource integration, aiming to become a world-class green brand in ink manufacturing[70]. - The company is developing innovative products such as the UV-LED solvent-free gravure composite ink, which is 100% solid content and meets food packaging safety requirements[56]. Research and Development - The company has established a technical management office to oversee product research and development, enhancing its innovation capabilities[25]. - The company's R&D investment totaled 15,402,243.90, accounting for 3.92% of total revenue, with 65 R&D personnel representing 16.37% of the total workforce[46]. - The company aims to strengthen its R&D capabilities by investing in new product development and participating in provincial and national scientific research projects to achieve breakthroughs in high-value products[73]. Financial Management and Governance - The company is committed to improving its corporate governance structure and operational management to enhance overall management levels[74]. - The company has established a remuneration and assessment committee to implement performance evaluations for senior management, ensuring a structured incentive mechanism[136]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2018[140]. - The company has maintained a governance structure that complies with the Company Law and other regulatory requirements, enhancing its operational transparency[130]. Risks and Challenges - The company has outlined potential industry and market risks in its annual report, advising investors to be cautious[6]. - The printing industry, a key market for the company's products, has shown signs of slowing growth, which could negatively impact product sales if the trend continues[76]. - The company has a strong market position in the mid-to-high-end ink and adhesive market, but faces risks from intense competition and potential market entry by new competitors[75]. Shareholder Information - The total number of ordinary shares increased from 102,666,700 to 143,733,380, reflecting a net increase of 41,066,680 shares[99]. - The largest shareholder, 樊家驹, holds 62,224,429 shares, representing 43.29% of the total shares[105]. - The company has no preferred shareholders with restored voting rights as of the reporting period[104]. - The total compensation for all directors, supervisors, and senior management at the end of the reporting period amounted to 2.42 million yuan[123]. Environmental Commitment - The company focused on the development and promotion of environmentally friendly inks and adhesives, responding to increased regulatory pressure and market demand for sustainable products[52]. - The trend towards water-based and solvent-free products is becoming essential in the soft packaging ink and polyurethane adhesive industries[35]. - The packaging ink industry is undergoing a transformation towards environmental sustainability, with eco-friendly inks expected to become the mainstream project in the sector[53].

2018 年第三季度报告 公司代码：603110 公司简称：东方材料 新东方新材料股份有限公司 2018 年第三季度报告 1 / 20 | 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 | 9 | 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 | | | | 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 | 737,994,316.47 | 733,755,742.91 | 0.58% | | | 归属于上市公司股东的 | 634,173,879.36 | 625,467,556.04 | 1.39% | | | 净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期 | 比上年同期增减(%) | | | | （1-9 月） | 末（1-9 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥179,609,778.83, a decrease of 1.18% compared to ¥181,757,511.10 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2018 was ¥17,119,182.56, down 21.37% from ¥21,771,977.64 in the previous year[17]. - The basic earnings per share for the first half of 2018 was ¥0.16, a decrease of 20.00% compared to ¥0.20 in the same period last year[18]. - The total assets at the end of the reporting period were ¥713,413,231.24, a decrease of 2.77% from ¥733,755,742.91 at the end of the previous year[17]. - The net cash flow from operating activities for the first half of 2018 was ¥36,261,786.52, an increase of 1.24% compared to ¥35,819,231.48 in the same period last year[17]. - The weighted average return on equity for the first half of 2018 was 2.73%, a decrease of 4.33 percentage points from 7.06% in the previous year[18]. - The company's net assets attributable to shareholders at the end of the reporting period were ¥623,080,065.60, a decrease of 0.38% from ¥625,467,556.04 at the end of the previous year[17]. - The company reported a net profit of 428,597.42 thousand RMB for the first half of 2018, with a significant loss of -137,351.48 thousand RMB attributed to income tax impacts[20]. - Net profit for the first half of 2018 was CNY 17.12 million, representing a year-on-year decline of 21.37% due to high raw material prices impacting profitability[39]. Market Position and Strategy - The company maintains a strong competitive position in the ink and adhesive market, particularly in the Yangtze River Delta region, with stable revenue and net profit performance during the reporting period[23]. - Direct sales accounted for approximately 80.79% of total sales in the first half of 2018, indicating a strong reliance on established customer relationships[26]. - The company has a production model based on "sales-driven production" with a regular inventory level of 30-50% of monthly sales, ensuring efficient supply management[25]. - The environmental ink industry in China is in its early development stage, with intense competition in the low-end market and a growing demand for high-end products[28]. - The market for composite polyurethane adhesives is expanding rapidly due to new applications in various industries, indicating a promising growth outlook[29]. - The PCB electronic ink industry is characterized by high technical requirements and is expected to grow steadily with the rapid development of the electronic industry in China[30]. - The company aims to expand market share in the coming years by optimizing management and enhancing product quality[39]. Research and Development - The company has established a comprehensive R&D structure with dedicated departments for different product lines, enhancing its innovation capabilities[24]. - R&D expenses for the first half of 2018 were CNY 7.37 million, a decrease of 7.38% from CNY 7.96 million in the previous year[45]. - The company is developing new products, including eco-friendly inks and UV-LED solvent-free inks, with market launch expected in 2019[40]. - The company has completed the construction of a project for an annual production of 10,000 tons of solvent-free adhesives, with an actual investment of CNY 13.01 million by the end of the reporting period[41]. Shareholder and Equity Information - The company plans to implement a dividend of 1.9 RMB per 10 shares and a capital reserve increase of 4 shares for every 10 shares held, increasing total shares from 102,666,700 to 143,733,380[32]. - The total number of ordinary shareholders at the end of the reporting period is 14,172[75]. - The top shareholder, Fan Jiajun, holds 62,224,429 shares, representing 43.29% of the total shares[77]. - The second-largest shareholder, Zhu Junfei, has 12,705,000 shares, accounting for 8.84% of the total shares, with 3,315,900 shares pledged[77]. - The total number of restricted shares at the beginning of the period was 77,000,000, with 30,800,000 shares added during the period, resulting in a total of 107,800,000 restricted shares at the end[74]. - The company has no preferred shareholders with restored voting rights[75]. Financial Position and Assets - Cash and cash equivalents increased by 57.06% to 70,523,110.34, representing 9.89% of total assets[48]. - Accounts receivable decreased by 34.24% to 26,085,549.20, accounting for 3.66% of total assets[48]. - Inventory rose by 19.40% to 65,947,901.99, making up 9.24% of total assets[48]. - Other current assets surged by 19,321.96% to 224,576,578.08, constituting 31.48% of total assets[48]. - Short-term borrowings decreased by 54.93% to 48,000,000.00, representing 6.73% of total assets[48]. - The company reported a total restricted asset value of 71,219,731.31, primarily due to short-term loan collateral[50]. Compliance and Governance - The company has committed to not transferring or entrusting the management of shares held directly or indirectly for 36 months from the date of listing[57]. - The company has a commitment to not repurchase the shares held by the shareholders during the lock-up period of 36 months[58]. - Shareholders are restricted from transferring their shares for 12 months from the date of listing, ensuring stability in the shareholding structure[57]. - The company has outlined a plan to comply with the regulations set by the China Securities Regulatory Commission regarding shareholding and transfer[58]. - The company has pledged to minimize and avoid related party transactions, ensuring fairness and compliance with legal standards[60]. - The company guarantees that all related party transactions will be conducted at prices comparable to those with third parties, ensuring fairness and reasonableness[60]. Cash Flow and Investment - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2018, representing a year-over-year growth of 20%[61]. - The company is investing heavily in research and development, allocating 200 million towards new technologies aimed at enhancing user experience and operational efficiency[61]. - Cash flow from operating activities generated a net amount of ¥36,261,786.52, slightly up from ¥35,819,231.48 in the previous period, reflecting a growth of approximately 1.2%[101]. - Investment activities resulted in a net cash outflow of ¥147,267,209.50, compared to a smaller outflow of ¥8,741,199.90 in the previous period, indicating a significant increase in investment expenditures[102]. Taxation and Provisions - The company has a tax rate of 15% for its subsidiary, New Oriental Ink Co., Ltd., while other entities are subject to a 25% tax rate[173]. - The company applies a 5% provision for bad debts on related party receivables[142]. - The company’s provision for bad debts for accounts receivable aged within one year was set at 5%[184]. - The total amount of other receivables is 1,846,347.25, with a bad debt provision of 573,293.81, resulting in a provision ratio of 31.05%[191].

| 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 2018 年第一季度报告 公司代码：603110 公司简称：东方材料 新东方新材料股份有限公司 2018 年第一季度报告 1 / 18 3 / 18 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 726,291,805.18 733,755,742.91 -1.02 归属于上市公司 股东的净资产 633,673,604.97 625,467,556.04 1.31 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 10,318,195.58 15,658,274.15 -34.10 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 100,788,155.36 80,710,289.47 24.88 归属于上市公司 股东的净利润 8,280,812.53 7,989,799.07 3.64 归属于上市公司 股东的扣除非经 常性损益 ...

Financial Performance - In 2017, the company achieved operating revenue of CNY 395.1562 million, representing a year-on-year increase of 1.99% due to rising prices of chemical raw materials[22]. - The net profit attributable to shareholders in 2017 was CNY 55.0336 million, a decrease of 9.85% compared to the previous year, primarily due to significant increases in raw material prices leading to higher operating costs and a decline in gross margin[23]. - The net profit attributable to shareholders after deducting non-operating gains and losses was CNY 48.7172 million, down 16.36% year-on-year[21]. - The basic earnings per share for 2017 were CNY 0.68, a decrease of 13.92% compared to 2016[22]. - The diluted earnings per share were also CNY 0.68, showing the same percentage decrease as the basic earnings[22]. - The weighted average return on equity for 2017 was 15.05%, down 5.96 percentage points from the previous year[22]. - The gross profit margin in the chemical industry decreased by 6.40 percentage points to 34.79%[52]. - The company reported a total profit of CNY 64,357,384.51, compared to CNY 73,189,253.95 in the previous year, reflecting a decline of approximately 12.1%[182]. - The net profit for 2017 was CNY 55,033,553.30, down from CNY 61,047,929.89 in 2016, indicating a decrease of approximately 9.9%[183]. Assets and Liabilities - As of the end of 2017, the company's net assets attributable to shareholders reached CNY 625.4676 million, a year-on-year increase of 100.75%, mainly due to the increase in net assets from the public offering of shares[23]. - The company's total assets at the end of 2017 amounted to CNY 733.7557 million, reflecting a 55.13% increase from the previous year[21]. - Total liabilities decreased from CNY 161,427,655.17 to CNY 108,288,186.87, representing a reduction of approximately 33%[176]. - Total equity increased significantly from CNY 311,566,083.78 to CNY 625,467,556.04, reflecting a growth of about 100%[176]. - The total current assets reached RMB 555.35 million, up from RMB 301.89 million, representing an increase of about 84%[175]. - The company's non-current assets totaled RMB 178.41 million, slightly up from RMB 171.11 million, showing a growth of approximately 4%[175]. Cash Flow - Cash and cash equivalents increased by approximately ¥151.44 million compared to the beginning of the year, primarily due to net fundraising of ¥287.36 million[37]. - Cash inflow from operating activities decreased by 4.47% to CNY 64,526,500, primarily due to reduced cash receipts from sales[60]. - Cash outflow from investing activities surged by 413.12% to CNY 107,050,509.73, mainly due to increased investments in financial products[60]. - Cash inflow from financing activities increased significantly by 1,944.32% to CNY 193,965,889.68, attributed to funds raised from the initial public offering[61]. - The total cash and cash equivalents at the end of the period amounted to 214,875,876.49 RMB, up from 63,433,982.48 RMB at the beginning of the year[190]. Market Position and Strategy - The company maintains a strong market position in the Yangtze River Delta region, being one of the leading ink manufacturers in China[30]. - The direct sales model accounted for approximately 78% of total sales in 2017, while the distribution model made up about 22%[33]. - The company is focusing on three major technology innovation projects: graphene conductive ink, UV-LED solvent-free composite ink, and 4055 alcohol-water packaging composite ink[44]. - The company plans to establish logistics hubs in regions including Shenyang, Chengdu, Quanzhou, Dongguan, and Zhongshan to enhance customer service and market proximity[46]. - The company aims to enhance its core competitiveness by focusing on the development of PCB electronic ink and other new material products, while maintaining its existing market in environmentally friendly packaging ink and composite polyurethane adhesives[92]. Research and Development - The company has established a robust product development process, involving multiple stages from project approval to final product acceptance[32]. - Research and development expenses amounted to 15.51 million yuan, a decrease of 13.14% from the previous year[50]. - The number of R&D personnel is 53, making up 12.77% of the total workforce[59]. - The company will increase its investment in research and innovation to enhance its R&D capabilities, aiming for breakthroughs in high-value, high-potential new products[95]. Shareholder and Governance - The company plans to distribute a cash dividend of CNY 1.90 per 10 shares, totaling CNY 19.5067 million, with an unallocated profit balance of CNY 20.8220 million after the distribution[5]. - The company has implemented a shareholder return plan that includes a capital increase of 4 shares for every 10 shares held, resulting in an expected increase of approximately 41.07 million shares[104]. - The company held four shareholder meetings during the reporting period, ensuring compliance with legal procedures and enhancing participation from minority shareholders through online voting[154]. - The board of directors attended all eight board meetings in person, demonstrating a commitment to governance and oversight[156]. - The company has established a performance evaluation mechanism for senior management, with compensation linked to performance outcomes[158]. Risks and Challenges - The company faced significant pressure from rising raw material prices, particularly titanium dioxide and MDI, impacting profitability[47]. - The printing industry in China has seen a slight decline in growth rate, which may negatively impact the company's ink and adhesive product sales if the trend continues[101]. - The company recognizes the intense competition in the ink and adhesive industry, particularly from multinational corporations and large domestic manufacturers, which may pose risks to its future development[98].

2017 年第三季度报告 公司代码：603110 公司简称：东方材料 新东方新材料股份有限公司 2017 年第三季度报告 1 / 21 | 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 | 9 | 2017 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。 1.3 公司负责人樊家驹、主管会计工作负责人王秀玲 及会计机构负责人（会计主管人员）梁翠燕 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。 二、 公司基本情况 2.1 主要财务数据 3 / 21 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 477,568,559.60 472,993,738.95 0.97% 归属于上市公司 股东的净资产 330 ...