[Definitions](index=4&type=section&id=Definitions) [Company Profile and Key Financial Indicators](index=4&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Information and Basic Overview](index=4&type=section&id=Company%20Information%20and%20Basic%20Overview) Xinyaqiang Silicon Chemical Co., Ltd. (Xinyaqiang) is a Shanghai-listed company (603155) with its legal and operational base in Suqian, Jiangsu | Item | Information | | :--- | :--- | | **Company Chinese Name** | 新亚强硅化学股份有限公司 | | **Stock Abbreviation** | 新亚强 | | **Stock Code** | 603155 | | **Listing Exchange** | 上海证券交易所 | | **Legal Representative** | 初亚军 | [Key Accounting Data and Financial Indicators](index=5&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2021, the company saw over **71%** growth in revenue and net profit due to strong demand, despite a **41.23%** decrease in operating cash flow | Key Accounting Data | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 414.39 Million Yuan | 241.81 Million Yuan | 71.37% | | Net Profit Attributable to Shareholders of Listed Company | 146.76 Million Yuan | 85.38 Million Yuan | 71.88% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 132.61 Million Yuan | 85.41 Million Yuan | 55.26% | | Net Cash Flow from Operating Activities | 59.68 Million Yuan | 101.55 Million Yuan | -41.23% | | **Asset Status** | **End of Current Period** | **End of Prior Year** | **Period-end vs. Prior Year-end Change (%)** | | Net Assets Attributable to Shareholders of Listed Company | 2,028.26 Million Yuan | 1,966.55 Million Yuan | 3.14% | | Total Assets | 2,157.17 Million Yuan | 2,104.59 Million Yuan | 2.50% | | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/Share) | 0.94 | 0.73 | 28.77% | | Diluted Earnings Per Share (Yuan/Share) | 0.94 | 0.73 | 28.77% | | Weighted Average Return on Net Assets (%) | 7.19% | 12.39% | Decreased by 5.20 percentage points | - The company stated that the significant growth in operating revenue and net profit in the first half of 2021 was primarily due to strong market demand for main products and a substantial increase in product sales compared to the same period last year[20](index=20&type=chunk) [Non-recurring Gains and Losses and Amounts](index=6&type=section&id=Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring gains and losses totaled **14.15 Million Yuan**, mainly from fair value changes in financial assets and entrusted investments | Non-recurring Gain/Loss Item | Amount (Million Yuan) | | :--- | :--- | | Fair Value Changes from Financial Assets Held for Trading, Derivative Financial Assets, etc. | 10.29 | | Gains/Losses from Entrusted Investments or Asset Management | 4.61 | | Government Grants Recognized in Current Profit/Loss | 1.46 | | Income Tax Impact | -2.50 | | **Total** | **14.15** | [Management Discussion and Analysis](index=7&type=section&id=Management%20Discussion%20and%20Analysis) [Industry and Main Business Overview](index=7&type=section&id=Industry%20and%20Main%20Business%20Overview) The company operates in chemical manufacturing, specializing in organosilicon fine chemicals like functional additives and phenylchlorosilanes for new materials, pharma, and electronics - According to the CSRC industry classification, the company belongs to 'C26 Chemical Raw Materials and Chemical Products Manufacturing'[24](index=24&type=chunk) - The company's main products include two major categories: - **Organosilicon functional additives**: such as hexamethyldisilazane and siloxanes from the methyl series; vinyl double-ended silanes and vinylsilazanes from the vinyl series - **Phenylchlorosilanes**: such as phenyltrichlorosilane and diphenyldichlorosilane[24](index=24&type=chunk)[25](index=25&type=chunk) [Core Competencies Analysis](index=8&type=section&id=Core%20Competencies%20Analysis) Core competencies include leading technology, comprehensive client solutions, strong R&D, integrated supply chain, circular economy, and established global brand recognition - The company possesses independently developed hexamethyldisilazane solvent-free patented technology and the only direct method production line for phenylchlorosilane in China, ensuring industry-leading product quality[26](index=26&type=chunk) - The company provides diversified product portfolio solutions to meet the customized needs of global large-scale organosilicon enterprises through its customer service team, fostering long-term stable client relationships[26](index=26&type=chunk) - The company has established multiple provincial research centers and collaborates with universities like Wuhan University on industry-academia-research projects, accumulating **45 patents**[27](index=27&type=chunk) - The company continuously strengthens the comprehensive utilization of by-products, develops green processes and clean production for a circular economy, enhancing resource utilization efficiency and profitability[27](index=27&type=chunk) [Discussion and Analysis of Operations](index=8&type=section&id=Discussion%20and%20Analysis%20of%20Operations) H1 2021 saw substantial revenue and net profit growth (both over **71%**) driven by strong downstream demand, with key projects like vinyl double-ended silane completed and others underway | Indicator | H1 2021 | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | 414.39 Million Yuan | 71.37% | | Net Profit Attributable to Shareholders | 146.76 Million Yuan | 71.88% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 132.61 Million Yuan | 55.26% | | Earnings Per Share | 0.94 Yuan | 28.77% | | Account | Change (%) | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 71.37% | Increased downstream market demand and significant growth in product sales | | Operating Cost | 90.28% | Increased sales volume and rising raw material prices led to higher costs | | Selling Expenses | -74.82% | Freight and other costs reclassified to operating costs under new revenue recognition standards | | R&D Expenses | 85.63% | Increased investment in R&D projects | | Financial Expenses | -102.73% | Exchange losses due to fluctuations in RMB and USD exchange rates | | Net Cash Flow from Operating Activities | -41.23% | Increased cash payments for goods purchased | - The company successfully completed the construction of production facilities for products such as vinyl double-ended silane and hexamethyldisiloxane, while projects like phenyl silicone resin, phenyl intermediates, and phenylchlorosilane Phase II are progressing as planned[28](index=28&type=chunk) [Analysis of Assets and Liabilities](index=10&type=section&id=Analysis%20of%20Assets%20and%20Liabilities) Total assets grew **2.50%** to **2.16 Billion Yuan**, with monetary funds decreasing due to investments, while accounts receivable, construction in progress, and prepaid equipment significantly increased | Asset/Liability Item | Period-end Balance (Million Yuan) | Change from Prior Year-end (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Monetary Funds | 232.45 | -41.15% | Increased funds used for wealth management product purchases | | Accounts Receivable | 105.63 | 53.76% | Increased revenue led to a corresponding increase in accounts receivable | | Construction in Progress | 149.81 | 32.88% | Increased investment in ongoing projects | | Other Non-current Assets | 14.90 | 112.14% | Increased prepaid equipment payments | | Taxes Payable | 15.04 | 290.27% | Increased corporate income tax payable | - As of the end of the reporting period, the company's total restricted assets amounted to **65.45 Million Yuan**, including monetary funds for bank acceptance bill deposits and notes receivable pledged for bill issuance[35](index=35&type=chunk) [Potential Risks](index=12&type=section&id=Potential%20Risks) Key risks include intensified market competition, macroeconomic volatility, hazardous chemical safety, stricter environmental regulations, and new product R&D failure - The company faces intensified market competition risk from dominant industry players entering its main product segments, potentially leading to capacity expansion and price declines[38](index=38&type=chunk) - Operations involve various hazardous chemicals, posing a risk of safety production accidents due to improper handling or equipment malfunction[39](index=39&type=chunk) - With tightening environmental regulations, stricter future environmental standards may increase the company's environmental investments and operating costs[40](index=40&type=chunk) - New product R&D has long cycles and high costs; failure to develop or adapt to market demand would adversely impact operations[41](index=41&type=chunk) [Corporate Governance](index=13&type=section&id=Corporate%20Governance) [Shareholders' Meeting and Profit Distribution](index=13&type=section&id=Shareholders%27%20Meeting%20and%20Profit%20Distribution) The 2020 Annual Shareholders' Meeting approved the annual report and profit distribution, with no interim profit distribution or capital reserve capitalization planned - The company convened its 2020 Annual Shareholders' Meeting on May 18, 2021, approving seven proposals including the '2020 Annual Report and its Summary' and the '2020 Profit Distribution Plan'[43](index=43&type=chunk) - The company's proposed interim profit distribution plan is no distribution and no capitalization from capital reserves[45](index=45&type=chunk) [Environmental and Social Responsibility](index=14&type=section&id=Environmental%20and%20Social%20Responsibility) [Environmental Information](index=14&type=section&id=Environmental%20Information) As a key polluter, the company strictly complies with environmental regulations, with all emissions meeting standards and no penalties incurred, operating effective treatment systems and emergency plans | Pollutant | Discharge Method | Total Discharge (Tons) | Approved Discharge (Tons) | Exceedance | | :--- | :--- | :--- | :--- | :--- | | **Wastewater** | | | | | | COD | Intermittent Discharge | 3.02 | 12.87 | No | | NH3-N | Intermittent Discharge | 0.19 | 0.59 | No | | **Exhaust Gas** | | | | | | VOC | Continuous Discharge | 3.96 | 14.94 | No | | Hydrogen Chloride | Continuous Discharge | 2.85 | 6.96 | No | - The company has established a wastewater treatment system (MVR evaporation desalination and biochemical treatment) and incineration facilities for waste gas, liquid, and residue, ensuring compliance with discharge standards[49](index=49&type=chunk) - The company has prepared and filed its 'Emergency Response Plan for Environmental Incidents' and formulated a self-monitoring plan for environmental compliance, strictly conducting monitoring as required[51](index=51&type=chunk)[52](index=52&type=chunk) - During the reporting period, the company received no administrative penalties for environmental issues[53](index=53&type=chunk) [Significant Matters](index=16&type=section&id=Significant%20Matters) [Fulfillment of Commitments](index=16&type=section&id=Fulfillment%20of%20Commitments) Actual controllers, shareholders, and management strictly fulfilled all IPO commitments, including share lock-up and price stabilization measures, with timely and rigorous execution - Controlling shareholders, actual controllers, and other major shareholders committed not to transfer their pre-IPO shares for **36 months** from the company's listing date (September 1, 2020)[55](index=55&type=chunk)[57](index=57&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk) - The company formulated a stock price stabilization plan for three years post-listing: if the company's stock closing price falls below the latest net asset per share for **20 consecutive trading days**, measures such as company buybacks, actual controller share increase, and director/supervisor/senior management share increase will be initiated[65](index=65&type=chunk)[66](index=66&type=chunk)[68](index=68&type=chunk)[69](index=69&type=chunk) [Integrity Status and Significant Transactions](index=22&type=section&id=Integrity%20Status%20and%20Significant%20Transactions) The company and its controlling shareholders maintained good integrity, with no dishonesty, major lawsuits, or significant related-party/asset transactions - During the reporting period, the company, its controlling shareholders, and actual controllers had no instances of dishonesty, unfulfilled court judgments, or significant overdue debts[75](index=75&type=chunk) - During the reporting period, the company had no significant litigation or arbitration matters[75](index=75&type=chunk) - The company did not engage in significant related-party transactions, major contracts, trusteeships, contracting, leasing, or significant asset and equity sales[76](index=76&type=chunk)[78](index=78&type=chunk)[37](index=37&type=chunk) [Share Changes and Shareholder Information](index=24&type=section&id=Share%20Changes%20and%20Shareholder%20Information) [Share Capital Changes and Shareholder Information](index=24&type=section&id=Share%20Capital%20Changes%20and%20Shareholder%20Information) As of June 30, 2021, share capital was unchanged with **9,850** shareholders; Chu Lin is the largest at **45.99%**, and key shareholders are parties acting in concert - During the reporting period, the company's total share capital and equity structure remained unchanged[80](index=80&type=chunk) - As of the end of the reporting period, the company had **9,850** common shareholders[81](index=81&type=chunk) | Shareholder Name | Shares Held at Period-end (Shares) | Proportion (%) | | :--- | :--- | :--- | | Chu Lin | 71,534,613 | 45.99 | | Hongta Innovation (Kunshan) Venture Capital Co., Ltd. | 19,643,310 | 12.63 | | Hongta Innovation Investment Co., Ltd. | 11,294,790 | 7.26 | | Chu Yaxian | 9,821,657 | 6.31 | | BOCOM Schroders Advanced Manufacturing Mixed Fund | 3,062,039 | 1.97 | - Explanation of shareholder relationships: Chu Yajun, Chu Lin, and Chu Yaxian are parties acting in concert; Hongta Innovation (Kunshan) Venture Capital Co., Ltd. is a wholly-owned subsidiary of Hongta Innovation Investment Co., Ltd.[85](index=85&type=chunk) [Preferred Shares Information](index=27&type=section&id=Preferred%20Shares%20Information) [Preferred Shares Status](index=27&type=section&id=Preferred%20Shares%20Status) During the current reporting period, the company had no preferred shares - During the reporting period, the company had no preferred shares[89](index=89&type=chunk) [Bonds Information](index=27&type=section&id=Bonds%20Information) [Bonds Status](index=27&type=section&id=Bonds%20Status) During the current reporting period, the company had no corporate bonds, company bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds - During the reporting period, the company had no corporate bonds, company bonds, non-financial enterprise debt financing instruments, or convertible corporate bonds[90](index=90&type=chunk) [Financial Report](index=28&type=section&id=Financial%20Report) [Financial Statements](index=28&type=section&id=Financial%20Statements) As of June 30, 2021, total assets were **2.16 Billion Yuan** with a **5.98%** asset-liability ratio, while H1 revenue reached **414.39 Million Yuan** and net profit **146.76 Million Yuan**, with significant cash outflows from investing and financing activities Key Balance Sheet Items (June 30, 2021) | Item | Amount (Million Yuan) | | :--- | :--- | | **Assets** | | | Monetary Funds | 232.45 | | Financial Assets Held for Trading | 1,287.43 | | Accounts Receivable | 105.63 | | Inventories | 103.47 | | Construction in Progress | 149.81 | | **Total Assets** | **2,157.17** | | **Liabilities and Owners' Equity** | | | Notes Payable | 66.40 | | **Total Liabilities** | **128.91** | | **Total Owners' Equity** | **2,028.26** | Key Income Statement Items (Jan-Jun 2021) | Item | Amount (Million Yuan) | | :--- | :--- | | I. Operating Revenue | 414.39 | | Less: Operating Cost | 239.79 | | R&D Expenses | 12.61 | | Investment Income | 9.57 | | Fair Value Change Gains | 10.29 | | II. Operating Profit | 168.24 | | III. Total Profit | 169.12 | | IV. Net Profit | 146.76 | Key Cash Flow Statement Items (Jan-Jun 2021) | Item | Amount (Million Yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | 59.68 | | Net Cash Flow from Investing Activities | -144.95 | | Net Cash Flow from Financing Activities | -80.95 | | Net Increase in Cash and Cash Equivalents | -168.84 | [Notes to Financial Statements](index=39&type=section&id=Notes%20to%20Financial%20Statements) Financial notes detail **1.29 Billion Yuan** in trading financial assets (structured deposits), accounts receivable provisions, **145.00 Million Yuan** in construction in progress for key projects, and significant related-party transactions for materials and sales - The period-end balance of financial assets held for trading was **1.29 Billion Yuan**, with structured deposits accounting for **1.29 Billion Yuan**[183](index=183&type=chunk) - The period-end balance of accounts receivable was **112.00 Million Yuan**, with a bad debt provision of **6.05 Million Yuan** calculated by aging portfolio, where the provision rate for accounts receivable within one year is **5%**[194](index=194&type=chunk)[195](index=195&type=chunk) - The period-end balance of construction in progress was **150.00 Million Yuan**, primarily including vinyl projects (**92.97 Million Yuan**) and phenyl silicone resin projects (**52.43 Million Yuan**)[231](index=231&type=chunk) Key Related-Party Transactions (Current Period) | Related Party | Related Transaction Content | Amount (Million Yuan) | | :--- | :--- | :--- | | Hubei Xingrui Silicon Material Co., Ltd. | Material Purchase | 34.84 | | Shandong Dongyue Organosilicon Material Co., Ltd. | Material Purchase | 2.68 | | Shandong Dongyue Organosilicon Material Co., Ltd. | Product Sales | 6.34 | | Zhejiang Runhe Organosilicon New Material Co., Ltd. | Product Sales | 6.18 | | Hubei Xingrui Silicon Material Co., Ltd. | Product Sales | 3.97 |

2020 年年度报告 四、 公司负责人初亚军、主管会计工作负责人宋娜及会计机构负责人（会计主管人员）刘仕娟声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 根据公司盈利情况、未分配利润余额情况及现金流状况，结合公司未来投资和业务发展计划 ，公司2020年度利润分配方案拟以总股本155,560,000股为基数，向全体股东按每10股派发现金红 利5.50元（含税），共计派发现金红利85,558,000.00元（含税）。本年度不送红股，不进行资本公 积金转增股本。 六、 前瞻性陈述的风险声明 公司代码：603155 公司简称：新亚强 新亚强硅化学股份有限公司 2020 年年度报告 1 / 154 2020 年年度报告 重要提示 三、 中审众环会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 √适用 □不适用 本报告中所涉及到的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬 请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是 ...

公司代码：603155 公司简称：新亚强 新亚强硅化学股份有限公司 2021 年第一季度报告 1 / 14 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 2021 年第一季度报告 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 2,153,698,794.33 2,104,591,662.00 2.33 归属于上市公司 股东的净资产 2,037,451,420.28 1,966,551,330.32 3.61 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 -12,362,668.78 42,012,649.27 -129.43 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 193,322,636.11 111,309,972.17 73.68 归属于上市公司 股 ...

公司代码：603155 公司简称：新亚强 新亚强硅化学股份有限公司 2020 年第三季度报告 1 / 17 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2020 年第三季度报告 2020 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 | 2,051,943,094.94 | 714,029,269.95 | | | 187.38 | | 归属于上市公司 | 1,932,032,614.89 | 665,214,929.16 | | | 190.44 | | 股东的净资产 | | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | | 比上年同期增减 | | | | （1-9 月） | （1-9 月） | | ...