2022 年第三季度报告 证券代码：603186 证券简称：华正新材 浙江华正新材料股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 779,626,230.66 | -19.58 | 2,377,834,799.64 | -11.2 ...

Financial Performance - The company's revenue for the first half of the year was approximately ¥1.60 billion, a decrease of 6.49% compared to ¥1.71 billion in the same period last year[18]. - Net profit attributable to shareholders was approximately ¥69.28 million, down 43.11% from ¥121.76 million year-on-year[18]. - Basic earnings per share decreased by 43.02% to ¥0.49 from ¥0.86 in the previous year[18]. - The weighted average return on equity fell to 4.04%, a decrease of 4.06 percentage points from 8.10% in the same period last year[18]. - The net cash flow from operating activities increased by 125.91% to approximately ¥297.41 million, compared to ¥131.65 million in the previous year[18]. - The company reported a net profit of approximately ¥56.65 million after deducting non-recurring gains, a decrease of 50.72% from the previous year's ¥114.95 million[18]. - The company achieved operating revenue of 1,598.21 million yuan in the first half of 2022, a decrease of 6.49% year-on-year[44]. - The net profit attributable to shareholders of the listed company was 69.28 million yuan, down 43.11% year-on-year[44]. - The company reported a net profit for the first half of 2022 of approximately ¥71.98 million, a decrease of 41.0% from ¥122.36 million in the same period of 2021[142]. Assets and Liabilities - The company's total assets increased by 6.25% to approximately ¥5.42 billion from ¥5.10 billion at the end of the previous year[18]. - The company's total assets increased from 5,097.52 million RMB at the beginning of the period to 5,416.05 million RMB at the end, with a debt-to-asset ratio rising from 67.22% to 68.22%[128]. - Total liabilities rose to ¥3,694,696,377.61, compared to ¥3,426,730,895.46, indicating an increase of about 7.8%[135]. - Current liabilities decreased to ¥2,562,302,829.85 from ¥2,838,255,512.98, a reduction of approximately 9.7%[134]. - Non-current liabilities increased significantly to ¥1,132,393,547.76 from ¥588,475,382.48, reflecting a growth of around 92.7%[134]. Research and Development - The company has shifted its product focus to high-grade copper-clad laminates, with new capacity expansions dedicated to this segment[22]. - The company is actively investing in R&D across various high-tech materials, including high-frequency communication and lithium battery materials, to meet current and future market demands[27]. - The company reported a 14.64% increase in R&D expenses, amounting to approximately ¥81.79 million, reflecting a commitment to innovation[51]. - Significant resources are allocated annually for research and development to meet customer product needs, but there are risks associated with new product market performance not meeting expectations[70]. Market Conditions - In the first half of 2022, the automotive market in China saw a sales decline of 6.6%, with total vehicle sales reaching 12.057 million units[32]. - The overall smartphone shipment in China decreased by 21.7% year-on-year in the first half of 2022, totaling 136 million units[32]. - The global PCB industry is projected to maintain a compound annual growth rate (CAGR) of 4.8% from 2023 to 2026, with the market size expected to reach $101.56 billion by 2026[32]. - The IC packaging substrate market is expected to grow from $14.2 billion in 2021 to $21.4 billion by 2026, with a compound annual growth rate (CAGR) of 8.6%[33]. - The global market for laminated insulating film substrates reached $4.368 billion in 2021 and is projected to reach $6.529 billion by 2028, with a CAGR of 5.56%[34]. Environmental Compliance - The company is a key pollutant discharge unit as per the Zhejiang Provincial Environmental Protection Department, generating hazardous waste including epoxy resin and copper-containing waste, with a total hazardous waste disposal amount of 72.31 tons[78]. - The company’s wastewater discharge meets the standards set by GB8978-1996 and DB 33/887-2013, with COD at 245 mg/L (standard 500 mg/L) and ammonia nitrogen at 18.35 mg/L (standard 35 mg/L)[79]. - The company has established a comprehensive environmental monitoring plan, including regular water quality sampling and air emissions monitoring, ensuring compliance with national and local regulations[84]. - The company has not faced any administrative penalties for environmental issues during the reporting period, indicating effective compliance with environmental regulations[86]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 27,124[111]. - The top ten shareholders hold a total of 56,902,768 shares, representing 40.07% of the total shares[113]. - The company has released 311,800 restricted shares during the reporting period, primarily due to equity incentive plans[110]. - The largest shareholder, Huali Group Co., Ltd., did not change its holdings during the reporting period[113]. - The second-largest shareholder, China Bank Co., Ltd., increased its holdings by 2,027,443 shares, totaling 6,861,377 shares, or 4.83%[113]. Corporate Governance - The company has established a governance structure in compliance with the Company Law, including a shareholders' meeting, board of directors, and supervisory board[182]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements accurately reflect its financial position and operating results[187]. - The company has committed to maintaining independence in operations and minimizing related party transactions to ensure transparency and fairness in business practices[88]. Financing Activities - The company successfully raised ¥570 million through convertible bonds, which will support the production capacity expansion of high-grade copper-clad laminates[47]. - The company issued 5.7 million convertible bonds at a price of 100 RMB per bond, raising a total of 570 million RMB[119]. - The company plans to maintain its credit rating of "AA-" with a stable outlook for the future[128]. - The conversion period for the convertible bonds is from July 28, 2022, to January 23, 2028[130].

公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 2022 年第一季度报告 证券代码：603186 证券简称：华正新材 浙江华正新材料股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 (二)非经常性损益项目和金额 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | | | | 越权审批，或无正式批准文件， | | | | 或偶发性的税收返还、减免 | | | | 计入当期损益的政府补助，但与 | 6,208,154.90 | | | 公司正常经营业务密切相关，符 | | | | 合国家政策规定、按照一定标准 | | | | 定额或定量持续享受的政府补 ...

Financial Performance - The company's operating revenue for 2021 was CNY 3,619,685,625.18, representing a 58.47% increase compared to CNY 2,284,080,702.23 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 238,221,435.45, a 90.24% increase from CNY 125,220,335.59 in 2020[22]. - The net cash flow from operating activities for 2021 was CNY 275,489,646.76, up 66.86% from CNY 165,105,541.20 in 2020[22]. - The total assets at the end of 2021 were CNY 5,097,521,057.77, a 47.02% increase from CNY 3,467,203,049.55 at the end of 2020[22]. - The basic earnings per share for 2021 was CNY 1.68, an increase of 82.61% compared to CNY 0.92 in 2020[24]. - The weighted average return on equity for 2021 was 15.36%, an increase of 4.51 percentage points from 10.85% in 2020[24]. - The company reported a net profit of CNY 63,350,984.43 in Q1 2021, with total operating revenue of CNY 769,586,422.92 for the same quarter[25]. - Non-recurring gains and losses for 2021 totaled CNY 67,059,375.93, with a significant portion attributed to government subsidies[27]. Dividend and Shareholder Engagement - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares to all shareholders, subject to approval at the annual general meeting[6]. - The company has not proposed any capital reserve conversion to share capital or bonus shares distribution[6]. - The company has established a cash dividend policy that ensures at least 30% of the average distributable profit over three years is distributed in cash[155]. - During the reporting period, the company distributed a total cash dividend of 39,772,687.36 million, at a rate of 2.80 per 10 shares, based on 142,045,312 shares[156]. - The decision-making process for the profit distribution plan was complete and maintained the rights of minority investors[157]. Corporate Governance - The company has established a governance structure comprising a shareholders' meeting, board of directors, supervisory board, and management, ensuring compliance with relevant laws and regulations[122]. - The board of directors consists of 7 members, including 3 independent directors, and has held 11 meetings during the reporting period to ensure prudent decision-making[123]. - The supervisory board, comprising 3 members, has also convened 11 times, fulfilling its responsibilities to oversee the company's major matters and protect shareholder interests[124]. - The company maintains independent operations and has not experienced any instances of major shareholders misappropriating company funds or assets[124]. - The company actively respects and protects the rights of stakeholders, including employees, customers, suppliers, and creditors, fostering positive communication for sustainable development[124]. - The company strictly adheres to information disclosure obligations as per the Securities Law and Shanghai Stock Exchange regulations, ensuring transparency and fairness in its disclosures[125]. - The company held a temporary shareholders' meeting on April 8, 2021, to discuss the use of previously raised funds, reflecting a commitment to shareholder engagement[126]. Research and Development - R&D investment has been increased, with a 68% year-on-year increase in small sample production capacity and a 142% increase in total testing volume, enhancing the company's technical capabilities[40]. - The company emphasizes R&D capabilities as a core driver of growth, establishing a national enterprise technology center and collaborating with universities and research institutions for technology commercialization[50]. - The company focused on developing low-loss high-speed materials, achieving batch delivery to major communication terminal clients[79]. - The company has developed a series of high-frequency electronic materials for 5G applications, covering all frequency bands from 4G to 5G[80]. - Total R&D investment amounted to ¥158,812,923.42, representing 4.39% of operating revenue, with capitalized R&D accounting for 7.83%[76]. - The company employed 374 R&D personnel, making up 17.36% of the total workforce[77]. Market Expansion and Product Development - The company is actively expanding its overseas market presence by establishing subsidiaries in regions like Japan[55]. - The company is focusing on developing new materials and products in response to market demands, particularly in the fields of electronic materials and composite materials[107]. - The company plans to increase production capacity for high-grade copper-clad laminates to 24 million sheets annually at the Zhuhai base, with the first phase of the project expected to meet production targets[112]. - The aluminum-plastic film production capacity is set to expand to 36 million square meters annually, enhancing competitiveness in the industry[112]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[182]. Environmental Compliance - The company has complied with environmental protection laws, ensuring that pollution control facilities are fully operational and regularly maintained[169]. - The company has obtained the necessary environmental impact assessments and permits for construction projects, adhering to relevant regulations[170]. - The company faced administrative penalties totaling 230,000 yuan for environmental violations during 2021, including 100,000 yuan for improper waste storage and 130,000 yuan for exceeding organic waste emissions[174]. - The company has established an emergency response plan for environmental incidents, complying with national guidelines and conducting annual training for employees[172]. - The company has not reported any administrative penalties for environmental issues outside of the key pollutant units[174]. Financial Management and Risks - The company has not faced any non-operating fund occupation or guarantee violations from major shareholders or related parties[189]. - The company has not encountered any risks that would lead to delisting warnings[192]. - The company has not made any performance commitments that would affect goodwill impairment testing[188]. - The company has not reported any significant changes in its financial estimates or accounting policies that would impact its financial statements[190]. - The company reported a total guarantee amount of RMB 1,029,261,166.80, which accounts for 62.03% of the company's net assets[198]. Employee Development and Compensation - The company reported a total of 2,154 employees, with 597 in the parent company and 1,557 in major subsidiaries[149]. - The company conducted over 435 training sessions in 2021, covering 1,743 employees, achieving a training coverage rate of 80.92%, an increase of nearly 5% from the previous year[152]. - The company implemented an annual salary adjustment for on-duty employees based on profitability, market salary changes, and internal salary competitiveness[151]. - The total pre-tax remuneration for all directors, supervisors, and senior management during the reporting period amounted to 8.4642 million yuan[139]. - The remuneration for senior management is determined based on industry salary levels, regional development conditions, and job responsibilities[139].

Financial Performance - The company's operating revenue for 2021 was CNY 3,619,685,625.18, representing a year-over-year increase of 58.47% compared to CNY 2,284,080,702.23 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 238,221,435.45, a significant increase of 90.24% from CNY 125,220,335.59 in 2020[22]. - The net cash flow from operating activities reached CNY 275,489,646.76 in 2021, up 66.86% from CNY 165,105,541.20 in 2020[22]. - The total assets of the company at the end of 2021 were CNY 5,097,521,057.77, reflecting a 47.02% increase from CNY 3,467,203,049.55 in 2020[22]. - The basic earnings per share for 2021 was CNY 1.68, an increase of 82.61% compared to CNY 0.92 in 2020[24]. - The weighted average return on equity for 2021 was 15.36%, an increase of 4.51 percentage points from 10.85% in 2020[24]. - The company's operating cash flow increased by 66.86% to RMB 275.49 million, indicating improved operational efficiency[63]. - The gross margin for functional composite materials improved by 0.12 percentage points, reflecting better cost management[65]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2021, representing a year-over-year growth of 20%[133]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares to all shareholders, subject to approval at the annual general meeting[6]. - The company’s cash dividend policy emphasizes reasonable returns to investors, ensuring that the profit distribution does not exceed the cumulative distributable profit[155]. - During the reporting period, the company distributed a total cash dividend of 39,772,687.36 yuan, based on 142,045,312 shares, at a rate of 2.80 yuan per 10 shares[156]. - The company confirmed that the cash dividend policy aligns with its articles of association and shareholder resolutions, with clear standards and procedures in place[157]. Corporate Governance - The company has established a governance structure comprising a shareholders' meeting, board of directors, supervisory board, and management, ensuring compliance with legal and regulatory requirements[122]. - The board of directors consists of 7 members, including 3 independent directors, and has established various committees to support scientific decision-making and ensure compliance[123]. - The supervisory board, comprising 3 members, effectively oversees the company's major matters, financial status, and compliance of directors and senior management[123]. - The company actively respects and protects the rights of stakeholders, including employees, customers, suppliers, and creditors, fostering positive communication for sustainable development[124]. - The company strictly adheres to information disclosure obligations as per the Securities Law and Shanghai Stock Exchange regulations, ensuring transparency and fairness in its disclosures[125]. - The company has established a comprehensive insider information management system to ensure confidentiality and compliance with regulations[125]. - The company’s governance structure complies with regulatory requirements, with no major discrepancies noted[125]. Risk Management - The company has detailed potential risk factors in the report, which investors should review[8]. - The company must monitor raw material price fluctuations influenced by futures prices, capacity utilization, supply-demand conditions, and environmental policies to mitigate risks and enhance profitability[117]. - Currency exchange rate fluctuations impact the company's overseas business, requiring constant monitoring of macroeconomic conditions and strategic pricing adjustments for international products[118]. - The company faces increasing market competition risks due to higher customer concentration and personalized product demand, necessitating deeper understanding of end-user needs and proactive R&D efforts[116]. Research and Development - The company increased R&D investment, achieving a 68% year-on-year increase in small sample production capacity and a 142% increase in total testing volume, enhancing its technical capabilities[40]. - The company emphasizes R&D capabilities as a core driver of growth, establishing a national enterprise technology center and collaborating with universities and research institutions[50]. - The company has focused on developing high-speed materials, achieving batch delivery to major communication terminal customers with improved performance and reliability[80]. - The company has developed a series of high-frequency electronic materials for power amplifiers, covering a full range of products to meet the needs of large terminal communication customers[81]. - The company has made breakthroughs in high thermal conductivity metal-based substrates, achieving batch shipments in automotive electronics and power control sectors[82]. - The company has developed low Dk and low Df HDI materials, with Mid Loss products completing certification and performing well in PCB and terminal applications[82]. - The company has increased its investment in R&D for composite materials, focusing on lightweight, high-strength, and environmentally friendly products to meet the demands of 5G and carbon neutrality[84]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years[31]. - The company is actively expanding its overseas market presence by establishing subsidiaries in regions like Japan[55]. - The company is focusing on expanding its market presence through strategic investments and the establishment of new subsidiaries[95][96]. - The company plans to expand its market presence, focusing on new product development and technological advancements[132]. - The company is focusing on developing new materials and products in the electronic materials and composite materials sectors, aiming to become a leading solution provider in various segments[107]. Environmental Compliance - The company achieved compliance with wastewater discharge standards, with COD measured at 245 mg/L against a standard of 500 mg/L[166]. - The company has completed low-nitrogen modifications for 4 out of 5 boilers, ensuring NOx emissions below the 50 mg/m3 threshold[168]. - The company has established an emergency response plan for environmental incidents, complying with national guidelines and conducting annual training for employees[172]. - The company implemented a self-monitoring scheme for environmental protection, including regular water quality sampling and waste gas monitoring[173]. - The company faced administrative penalties for environmental issues, including a fine of 100,000 yuan for improper waste storage and a fine of 130,000 yuan for exceeding organic waste emissions[174]. Financial Oversight - The company reported a total guarantee amount of RMB 1,029,261,166.80, which accounts for 62.03% of its net assets[198]. - The total amount of guarantees provided to subsidiaries during the reporting period was RMB 1,129,821,220.58[198]. - The audit committee consists of Chen Lianyong, Yang Qingjun, and Zhang Jizhou, ensuring financial oversight[144]. - The audit committee reviewed the company's 2021 semi-annual report, affirming that the financial report accurately reflected the company's operational status[146]. - The company has not faced any penalties from securities regulatory authorities in the past three years[140]. Employee Development - The company conducted over 435 training sessions in 2021, covering 1,743 employees, achieving a training coverage rate of 80.92%, an increase of nearly 5% from the previous year[152]. - The company established a new position system and multi-channel career development framework to enhance organizational capability and employee retention[151]. - The company initiated the "Kunlun Project" to enhance internal talent development, involving a six-month training program with four stages[152]. - The company emphasizes the importance of project bonuses to motivate employees and retain talent amid ongoing market changes[151].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥969,475,417.26, representing a year-on-year increase of 57.30%[5] - The net profit attributable to shareholders for the same period was ¥95,022,086.52, reflecting a significant increase of 173.99% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥44,569,079.59, up by 75.54% compared to the previous year[5] - The basic earnings per share for Q3 2021 was ¥0.67, an increase of 177.57% year-on-year[6] - The company reported a year-to-date operating revenue increase of 71.28%, primarily due to increased sales volume and prices of copper-clad laminates[10] - The net profit attributable to shareholders for the year-to-date period was ¥216,785,013.55, up 133.25% year-on-year, driven by revenue growth[10] - Net profit for the third quarter of 2021 was ¥218,174,445.40, up from ¥94,091,700.49 in the same quarter of 2020, reflecting a growth of approximately 132.5%[22] - The total comprehensive income attributable to the parent company for Q3 2021 was ¥216,785,013.55, compared to ¥92,941,293.74 in Q3 2020, representing an increase of approximately 133.4%[23] - Basic and diluted earnings per share for Q3 2021 were both ¥1.53, up from ¥0.69 in Q3 2020, indicating a growth of 121.7%[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,822,498,592.82, marking a 39.09% increase from the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2021 amounted to ¥4,822,498,592.82, compared to ¥3,467,203,049.55 at the end of the previous year, marking an increase of about 39.0%[18] - Current liabilities increased to ¥2,859,903,509.54 in the third quarter of 2021 from ¥1,774,922,859.30 in the same period of 2020, representing a rise of approximately 61.0%[18] - Non-current liabilities totaled ¥316,085,378.71 in the third quarter of 2021, compared to ¥226,265,143.85 in 2020, indicating an increase of about 39.7%[18] - The total liabilities of the company as of the end of the third quarter of 2021 were ¥3,175,988,888.25, compared to ¥2,001,188,003.15 in the previous year, representing an increase of about 58.7%[18] - The company's equity attributable to shareholders reached ¥1,635,656,339.54, up from ¥1,455,039,409.16 in the previous year, reflecting an increase of approximately 12.4%[18] Cash Flow - Cash inflow from operating activities for the first three quarters of 2021 was ¥2,124,213,443.29, compared to ¥1,399,843,456.63 in the same period of 2020, reflecting an increase of 52.0%[24] - The net cash flow from operating activities for Q3 2021 was ¥167,978,904.76, slightly up from ¥161,537,162.24 in Q3 2020, showing a growth of 4.0%[24] - The net cash flow from investing activities for Q3 2021 was -¥609,121,147.50, worsening from -¥546,318,837.48 in Q3 2020[24] - Cash and cash equivalents at the end of Q3 2021 were ¥216,361,268.95, compared to ¥193,052,567.49 at the end of Q3 2020, an increase of 12.1%[25] - Total cash outflow from financing activities in Q3 2021 was ¥532,035,999.01, down from ¥658,780,071.62 in Q3 2020, indicating a decrease of 19.2%[24] - The company received cash from financing activities totaling ¥961,625,803.28 in Q3 2021, compared to ¥1,183,911,940.77 in Q3 2020, a decrease of 18.8%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,026[13] - The largest shareholder, Huali Group Co., Ltd., holds 56,902,700 shares, accounting for 40.07% of total shares[13] - The total number of shares held by the top 10 shareholders includes significant stakes from various institutional investors, indicating strong institutional interest[14] - The company has not disclosed any related party relationships among the top shareholders[14] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new projects to sustain growth[11] - The company is actively pursuing market expansion and new product development strategies as part of its growth initiatives[15] Research and Development - Research and development expenses for the third quarter of 2021 were ¥106,691,248.31, compared to ¥84,302,714.61 in the same quarter of 2020, showing an increase of about 26.6%[21] Operating Costs - Total operating costs for the first three quarters of 2021 were ¥2,479,267,596.58, compared to ¥1,483,948,621.05 in 2020, indicating an increase of about 67.2%[21]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,709,212,417.17, representing an increase of 80.37% compared to ¥947,626,729.66 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥121,762,927.03, up 109.00% from ¥58,260,147.00 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥114,948,895.38, a significant increase of 143.06% compared to ¥47,291,708.52 in the same period last year[18]. - Basic earnings per share increased by 95.45% to CNY 0.86 compared to the same period last year[19]. - Diluted earnings per share also rose by 95.45% to CNY 0.86 year-on-year[19]. - The company's total profit for the first half of 2021 was CNY 136,250,623.82, an increase of 117.5% from CNY 62,670,709.69 in the first half of 2020[139]. - The net profit for the first half of 2021 reached CNY 122,363,879.46, up 106.0% from CNY 59,021,323.12 in the first half of 2020[139]. - The total comprehensive income for the first half of 2021 was CNY 122,363,879.46, compared to CNY 59,021,323.12 in the same period of 2020[139]. Cash Flow and Assets - The net cash flow from operating activities was ¥131,650,178.51, showing a slight decrease of 2.38% from ¥134,862,603.79 in the previous year[18]. - The company's total assets increased by 20.92% to ¥4,192,447,947.34 from ¥3,467,203,049.55 at the end of the previous year[18]. - The company's cash and cash equivalents decreased to CNY 358,510,712.04 from CNY 380,145,416.82 in the previous year[127]. - The total current assets were reported at CNY 2,402,799,080.92, up from CNY 2,109,430,730.58 year-over-year[127]. - The ending balance of cash and cash equivalents was CNY 225,977,612.21, down from CNY 421,352,237.96 at the end of the first half of 2020[146]. Research and Development - The company focuses on the design, research, production, and sales of copper-clad laminates and lithium battery packaging materials, which are widely used in various high-tech fields[24]. - The company focuses on R&D investment, leveraging its national enterprise technology center to drive innovation and product development[37]. - Research and development expenses increased to ¥71,349,228.43, representing a rise of 31.5% from ¥54,289,096.74 in the first half of 2020[136]. - Research and development expenses for the first half of 2021 amounted to CNY 41,246,153.29, up 21.6% from CNY 33,972,530.55 in the same period of 2020[141]. Market and Industry Trends - The PCB industry growth forecast for 2021 was revised from 8.6% to 14.0%, with an expected global market size of 74 billion USD[34]. - The demand for high-frequency and high-speed copper-clad laminates is expected to rise due to the rapid deployment of 5G base stations, which reached a total of 961,000 in the first half of 2021[34]. - The sales of new energy vehicles in the first half of 2021 reached 1.206 million units, marking a year-on-year growth of 201.5%[35]. - The company has seen a significant increase in the sales proportion of high-grade products, with H2 and H3 product lines gaining market share[43]. Strategic Initiatives - The company aims to enhance its R&D capabilities through an IPD management system, improving product development efficiency and reducing costs[27]. - Strategic procurement initiatives are in place to localize key raw materials, reducing reliance on imports from regions like Europe, the US, Japan, and South Korea[29]. - The company has implemented smart factory operations using ERP, MES, and CRM systems to enhance production efficiency and flexibility[30]. - The company has initiated the construction of a new manufacturing base in Zhuhai with an annual production capacity of 24 million high-grade copper-clad laminates, aiming for a monthly output of 800,000 units[46]. Environmental and Compliance - The company is classified as a key pollutant discharge unit in Hangzhou, Zhejiang Province[77]. - The company generated a total of 140.342 tons of hazardous waste in the first half of 2021, with the largest contributions from waste epoxy resin (54.32 tons) and waste filter bags (20.93 tons)[78]. - The company achieved compliance with wastewater discharge standards, with COD measured at 156 mg/L (standard: 500 mg/L) and ammonia nitrogen at 19.8 mg/L (standard: 35 mg/L)[78]. - The company has implemented a self-monitoring scheme for environmental compliance, including regular water quality sampling and emissions monitoring[84]. Shareholder and Governance - The company completed the grant of 643,600 restricted stocks to 26 incentive objects as part of its equity incentive plan[74]. - The company has established a safety and environmental management committee to handle emergency responses and has developed an emergency plan for environmental incidents[83]. - The company has committed to adhere to market principles for any unavoidable related transactions, ensuring fairness and transparency[92]. - The company has established a plan to notify the issuer three trading days in advance before any share reduction, complying with relevant regulations[92]. Risks and Challenges - The company faces market volatility risks due to supply and demand fluctuations, necessitating timely strategic responses[61]. - The company is exposed to raw material price fluctuations, which are influenced by futures prices and supply-demand conditions[63]. - The company has a risk associated with the balance between R&D investment and market development, requiring careful resource allocation[65].

2021 年第一季度报告 公司代码：603186 公司简称：华正新材 浙江华正新材料股份有限公司 2021 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 9 | 2021 年第一季度报告 一、 重要提示 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 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 | 3,825,164,723.53 | 3,467,203,049.55 | | | 10.32 | | 归属于上市公司股东的净 | 1,519,608,755.36 | 1,455,039,409.16 | | | 4.44 | | 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 | | | | | | 末 | (%) | | | | 经营活动产生的现金流 ...

Dividend Distribution - The company plans to distribute a cash dividend of 2.80 RMB per 10 shares to all shareholders, pending approval at the annual general meeting[5] - In 2020, the cash dividend increased to 2.8 RMB per 10 shares, amounting to 39,772,687.40 RMB, which is 31.76% of the net profit attributable to ordinary shareholders[130] - The company distributed cash dividends of 1.7 RMB per 10 shares in 2019, totaling 21,989,500 RMB, representing 21.53% of the net profit attributable to ordinary shareholders[130] Financial Performance - The company's revenue for 2020 reached approximately ¥2.28 billion, representing a 12.75% increase compared to ¥2.03 billion in 2019[21] - Net profit attributable to shareholders for 2020 was approximately ¥125.22 million, a 22.60% increase from ¥102.14 million in 2019[21] - Basic earnings per share for 2020 was ¥0.92, reflecting a 16.46% increase from ¥0.79 in 2019[23] - The company's total assets at the end of 2020 were approximately ¥3.47 billion, a 43.80% increase from ¥2.41 billion at the end of 2019[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2020 was approximately ¥103.90 million, a 17.04% increase from ¥88.77 million in 2019[21] - The company reported a total profit of 21,320,952.11 RMB for the year, an increase from 13,368,545.65 RMB in the previous year, representing a growth of approximately 59.5%[29] Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[4] - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy[8] - The company’s financial report is guaranteed to be true, accurate, and complete by its management[4] - There were no significant lawsuits or arbitration matters during the reporting period[148] - The company has maintained a good integrity status, with no instances of failing to repay large debts or being publicly reprimanded by regulatory authorities[149] - The company has not engaged in any non-standard opinion audit reports during the reporting period[145] Risk Management - The company has detailed potential risk factors in the report, which investors should review[10] - The company has a comprehensive risk statement included in the report[10] - There are no non-operating fund occupations by controlling shareholders or related parties[7] - The company has not violated decision-making procedures for external guarantees[7] Research and Development - The company focuses on the research and development of copper-clad laminates and functional composite materials, which are essential for various high-tech applications including communication systems and electric vehicles[33] - The company’s R&D investment has significantly increased, with the number of routine testing projects completed in 2020 being 3.68 times that of 2019[56] - The focus of R&D efforts included RF microwave high-frequency copper-clad laminates, with multiple sub-products already launched to meet 5G market demands[79] - The company is developing low-loss, high-thermal conductivity materials for high-speed communication applications, with some products certified by major domestic telecom companies[80] - R&D on semiconductor packaging substrates has been prioritized, with products already positioned in markets such as Chip LED and Mini backlight displays[81] Production and Sales - The company produced 16.71 million sheets of copper-clad laminates, an increase of 17.43% year-over-year, and sold 16.75 million sheets, up 18.18%[59] - The total revenue for the main business reached RMB 2,205.46 million, a growth of 10.40% compared to the previous year[59] - The company achieved a significant sales growth in high-frequency and high-speed copper-clad laminates, with the H2 product line sales accounting for over 50% of total sales[51] - The company’s trading financial assets increased significantly from 472,325.60 RMB at the beginning of the period to 191,895,603.72 RMB at the end, marking a change of 191,423,278.12 RMB, which positively impacted profits by 1,423,278.12 RMB[31] Strategic Initiatives - The company has established a strategic procurement department to enhance the efficiency of raw material sourcing, ensuring quality control and cost management[38] - The company is actively constructing a new production facility in Zhuhai with an annual capacity of 24 million high-grade copper-clad laminates, which has already commenced construction[54] - The company has established business relationships with over 50% of the top 100 PCB companies, indicating a steady increase in strategic customer proportion[46] - The company is focusing on the development of lithium battery soft-pack aluminum-plastic film, with a new project for an annual output of 36 million square meters initiated in 2020[54] Shareholder and Governance - The actual controller and shareholders committed to not transferring or entrusting their shares for 36 months from the date of the company's stock listing[134] - The company will extend the lock-up period by 6 months if the stock price falls below the issue price at the end of the 6-month period post-listing[134] - The company has committed to ensuring its business remains independent and to avoid unnecessary related transactions[135] - The company has committed to not engaging in any activities that compete with its business during the holding period of shares[135] Environmental Compliance - The company is listed as a key pollutant discharge unit according to the Zhejiang Provincial Ecological Environment Department[168] - The total amount of hazardous waste generated during the reporting period is 189.84 tons, with 178.86 tons disposed of by qualified units[169] - The company achieved a COD discharge concentration of 156 mg/L, which is below the standard limit of 500 mg/L, indicating compliance[170] - The company’s NOx emissions from the natural gas boiler were measured at 21 mg/m3, well below the standard limit of 150 mg/m3[170] Financial Management - The company has entrusted cash asset management with a total amount of 310,000,000.00 RMB from idle raised funds[160] - The balance of entrusted cash management at the end of the reporting period is 190,000,000.00 RMB[160] - The company reported a total of 50,000 million in structured deposits for the year 2020, with a yield of 3.33%[163] - The structured deposit product from Hangzhou Bank showed a decrease of 3.2% in fundraising revenue, totaling 71.23 million[163] Market Trends - The global PCB market is projected to reach approximately $64 billion in 2020, with a year-on-year growth of about 4%, and China accounting for 53.6% of the global market value[104] - The domestic CCL industry is expected to maintain rapid growth, with a new production capacity of 16.4 million square meters per year, representing a 30% increase over existing total capacity[105] - The market share of new energy vehicles in China increased from 4.8% in 2019 to 5.4% in 2020, driving demand for vehicle copper-clad laminates[108]

2020 年第三季度报告 公司代码：603186 公司简称：华正新材 浙江华正新材料股份有限公司 2020 年第三季度报告 1 / 30 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 11 | 2020 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 公司负责人刘涛、主管会计工作负责人俞高及会计机构负责人（会计主管人员）李高彦保证 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。 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 3,218,456,111.76 2,411,136,834.21 33.48 归属于上市公司 股东的净资产 1,422,421,182.69 742,741,504 ...