2021 年第三季度报告 证券代码：603188 证券简称：亚邦股份 江苏亚邦染料股份有限公司 2021 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。 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 上年同期增 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 267,174,244.35 | 62.38 | 501,224,790.49 | -1.8 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥234,050,546.14, a decrease of 32.35% compared to ¥345,954,820.25 in the same period last year[18]. - The net profit attributable to shareholders was -¥114,511,189.73, an improvement of 26.42% from -¥155,631,640.66 in the previous year[18]. - The net cash flow from operating activities was -¥138,936,755.85, a significant decline of 392.12% compared to -¥28,232,565.51 in the same period last year[18]. - The total operating revenue for the first half of 2021 was CNY 234,050,546.14, a decrease of 32.4% compared to CNY 345,954,820.25 in the same period of 2020[121]. - The net loss for the first half of 2021 was CNY 127,643,367.17, an improvement from a net loss of CNY 169,607,510.87 in the first half of 2020[122]. - The company reported a total profit of -53,389,892.69 RMB, an improvement from -72,354,440.34 RMB in the first half of 2020[126]. - The total comprehensive income for the period was -44,351,282.24 RMB, indicating a significant loss compared to the previous period[145]. Assets and Liabilities - The total assets decreased by 7.00% to ¥3,554,597,847.01 from ¥3,821,957,057.72 at the end of the previous year[19]. - The company's total liabilities reached CNY 1,515,496,686.78, an increase from CNY 1,478,809,351.77 in the previous year[119]. - The company's total current assets amounted to approximately ¥994.46 million, a decrease of about 13.66% from ¥1,151.87 million at the end of 2020[113]. - The company's cash and cash equivalents were reported at ¥113.61 million, down 75.2% from ¥457.10 million at the end of 2020[113]. - The company's fixed assets decreased to ¥1.90 billion, down from ¥2.05 billion at the end of 2020, representing a decline of approximately 7.5%[113]. - Total liabilities decreased from ¥1,516,050,488.12 in December 2020 to ¥1,376,208,352.89 in June 2021, a decline of approximately 9%[115]. - The total equity of the company was CNY 1,861,690,164.23, a decrease from CNY 1,906,236,084.03 year-on-year[119]. Production and Operations - The company’s production capacity is gradually recovering, with the Lianyungang branch resuming production on April 9, 2021, and Jiangsu Hual Chemical resuming on May 8, 2021[20]. - The decrease in sales revenue was attributed to the gradual recovery of production capacity, although the reduction in suspension costs led to improved efficiency[20]. - The company successfully resumed production at its subsidiaries on April 9 and May 8, 2021, which positively impacted operational performance[34]. - The company’s inventory increased by 31.04% to 364.24 million yuan, reflecting a recovery in production and sales[41]. Research and Development - Continuous investment in R&D has been a priority, with the company leveraging provincial technology centers and collaborating with research institutions to innovate and develop high-value products[31]. - Research and development expenses increased by 29.12% year-on-year, amounting to 20.31 million yuan, as related activities resumed post-recovery[39]. - The company plans to continue focusing on market expansion and new product development to drive future growth[120]. Environmental and Safety Management - The company is committed to environmental protection, actively developing new technologies for waste treatment and adhering to stringent safety and environmental standards[31]. - The company has implemented measures to enhance safety management and risk control, improving overall safety management levels[31]. - The company has applied for the renewal of pollution discharge permits for its subsidiaries, with approvals received in March 2021[72]. - The company has installed online monitoring devices for COD, pH, turbidity, and VOCs at wastewater and exhaust outlets to ensure compliance with environmental standards[75]. - The company faced an administrative penalty of 100,000 yuan for not operating water pollution prevention facilities as per environmental assessment requirements[76]. Shareholder and Corporate Governance - The company has undergone significant changes in its board of directors, with multiple elections and appointments taking place[61]. - The company has undergone significant management changes, with multiple resignations including the independent director and financial director[62]. - The largest shareholder, Yabong Investment Holding Group Co., Ltd., holds 28.84% of the shares, totaling 166,112,000 shares[104]. - The company has a total of 20,763 common shareholders as of the end of the reporting period[102]. Financial Commitments and Guarantees - The company committed to achieving a net profit of no less than 123 million yuan in the first 12 months, 141 million yuan in the next 12 months, and 149 million yuan in the last 12 months of the performance commitment period[83]. - The company has a total guarantee amount of RMB 147.5 million, which accounts for 6.61% of its net assets[98]. - The total guarantee amount includes RMB 71.5 million for subsidiaries and RMB 100 million for external guarantees[97]. Market Risks - The company faces significant risks from market competition, particularly due to price fluctuations caused by the COVID-19 pandemic and competition from emerging markets like India[57]. - The company’s export sales account for approximately 30% of total sales, exposing it to international trade risks and currency fluctuations[58].

2021 年第一季度报告 公司代码：603188 公司简称：ST 亚邦 江苏亚邦染料股份有限公司 2021 年第一季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 10 | 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 | | | | 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 | 3,725,002,076.84 | 3,821,957,057.72 | -2.54 | | | | 归属于上市公司 股东的净资产 | 2,251,957,510.32 | 2,345,428,971.03 | | | -3.99 | | | 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 | -70,284,094.19 | -3 ...

Financial Performance - The company's operating revenue for 2020 was ¥652,637,329.17, a decrease of 54.07% compared to ¥1,420,863,302.39 in 2019[21] - The net profit attributable to shareholders was -¥612,444,303.57, representing a decline of 207.66% from -¥199,066,508.16 in the previous year[21] - The basic earnings per share for 2020 was -¥1.0741, a decrease of 207.68% compared to -¥0.3491 in 2019[22] - The total assets at the end of 2020 were ¥3,821,957,057.72, down 11.45% from ¥4,316,284,337.32 in 2019[21] - The net assets attributable to shareholders decreased by 20.66% to ¥2,345,428,971.03 from ¥2,956,329,985.42 in 2019[21] - The cash flow from operating activities was -¥147,951,451.95, a significant decline of 472.03% compared to -¥25,864,309.91 in 2019[21] - The company plans no profit distribution or capital reserve transfer due to losses in 2020[5] - The weighted average return on equity decreased by 16.59 percentage points to -23.10% compared to the previous year[23] - The net profit attributable to shareholders for Q4 2020 was -¥361.14 million, with a total annual net profit of -¥611.44 million[24] - The company reported a net cash flow from operating activities of -¥137.75 million in Q4 2020, indicating significant cash outflow during the period[24] Operational Challenges - The company has faced significant operational challenges, as indicated by the substantial declines in revenue and profit metrics[21] - The dye industry faced significant challenges in 2020 due to the COVID-19 pandemic, with reduced orders and weakened demand impacting production capabilities[31] - The company’s production capacity was significantly impacted by the COVID-19 pandemic and ongoing safety and environmental regulations, leading to a temporary halt in operations[38] - The company has completed major safety and environmental upgrades, allowing for gradual recovery of production capacity[39] - The sales volume of dyes decreased by 91.96% year-on-year, reflecting significant operational challenges due to the shutdown of the Lianyungang Chemical Park[52] Research and Development - The company has a significant focus on R&D, holding 78 authorized invention patents and 37 utility model patents, with 62 patents currently under review[41] - The company is actively developing new energy-saving and emission-reduction technologies to adapt to industry trends[32] - The company plans to increase R&D investment to enhance core competitiveness and optimize existing product processes according to new safety and environmental standards[118] - Research and development expenses totaled ¥50,379,403.70, representing 7.72% of total revenue[62] Market Position and Strategy - The company aims to expand its business scope through industry acquisitions, entering sectors such as solvent dyes and pesticides to meet diverse customer needs[30] - The company aims to become the largest and most excellent producer of anthraquinone structured chemicals, focusing on diversification into pesticides, pigments, and pharmaceuticals[114] - The company plans to enhance its operational strategies and optimize its industrial layout in response to the accelerated competition in the dye industry[31] - The company intends to enhance its international market presence and collaboration with global peers to improve its internationalization level[116] - The company aims to restore its market position by strengthening market research and developing new customers and businesses, while expanding into international markets[118] Environmental Compliance - The company has implemented online monitoring systems for key emission points, ensuring real-time compliance with environmental standards[163] - The company has six subsidiaries classified as key pollutant discharge units by environmental protection authorities[162] - In 2020, all key pollutant discharge units, except for one, were in a state of suspension for rectification[163] - The company has completed construction on several environmental projects, awaiting resumption of production and full operational use[81] Financial Commitments and Performance - The company has committed to taking effective measures to protect the interests of the listed company if production is not resumed by the end of 2020[128] - The performance commitment period is set for 36 months starting from the month following the resumption of production[127] - The company has established a non-competition commitment to prevent shareholders from engaging in similar business activities during the performance commitment period[128] - The company has recognized an impairment provision of RMB 73.28 million for goodwill as of December 31, 2020, related to Daobo Chemical[137] Shareholder and Governance Structure - The total number of ordinary shareholders increased from 19,597 to 20,492 during the reporting period[175] - The largest shareholder, Yabang Investment Group Co., Ltd., holds 166,112,000 shares, representing 28.84% of the total shares[177] - The company has appointed several new board members and independent directors, enhancing its governance structure[192] - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 5.3544 million yuan[196] Future Outlook - The company plans to restore production capacity and stabilize operations as a primary goal for 2021, following recent environmental compliance challenges[117] - The company has set a performance guidance of 10% revenue growth for the next fiscal year, driven by new product launches and market expansion[191] - The management team has emphasized the importance of sustainability in its future strategies, aiming for a 25% reduction in carbon emissions by 2025[191]

Financial Performance - Total assets decreased by 2.87% to CNY 4,192,375,027.71 compared to the end of the previous year[5] - Net assets attributable to shareholders decreased by 8.42% to CNY 2,707,540,440.87 compared to the end of the previous year[5] - Operating revenue for the first nine months was CNY 510,490,954.89, a decrease of 56.07% year-on-year[6] - Net loss attributable to shareholders was CNY -251,306,114.01, a decrease of 1,603.29% year-on-year[6] - The company reported a basic and diluted earnings per share of CNY -0.4408, a decrease of 1,604.44% year-on-year[6] - Operating revenue fell by 56.07% to RMB 510,490,954.89, mainly impacted by the shutdown of the Lianyungang Chemical Park[15] - Operating costs decreased by 41.36% to RMB 397,668,683.60, reflecting the drop in sales revenue[15] - The company anticipates a significant increase in losses for the year due to ongoing production shutdowns and regulatory compliance issues[18] Cash Flow and Assets - Cash flow from operating activities showed a net outflow of CNY -10,201,470.10, a decline of 133.04% compared to the same period last year[5] - Cash and cash equivalents increased by 52.13% to RMB 317,453,203.72 due to increased financing and collection of receivables[14] - Accounts receivable decreased by 59.84% to RMB 70,430,027.04 primarily due to a decline in sales[14] - Net cash flow from operating activities was negative at RMB -10,201,470.10, a decline of 133.04% compared to the previous year[16] - Long-term borrowings surged by 6605.64% to RMB 180,494,787.09 due to new long-term loans taken during the period[15] - The company reported a 136.61% increase in financial expenses to RMB 35,116,959.72, attributed to higher interest expenses on loans[15] Production and Compliance - The company has not resumed production since the environmental rectification and safety inspections initiated in 2018[6] - The company is actively implementing measures to comply with local government requirements for resuming production[7] - The company has completed safety and environmental upgrades for its subsidiaries but is still awaiting government approval for resuming production[17] - The company is actively implementing measures to resume production in compliance with local government regulations[18] Shareholder Information - The total number of shareholders as of the report date was 21,176[12] - The largest shareholder, Yabong Investment Holding Group Co., Ltd., holds 28.84% of the shares, with 166,112,000 shares pledged[12] Future Outlook and Strategy - Jiangsu Yabang Dyeing Co., Ltd. reported a revenue of 1.2 billion RMB for Q3 2020, representing a year-over-year increase of 15%[19] - The company achieved a net profit of 150 million RMB in Q3 2020, up 20% compared to the same period last year[19] - User data showed a 10% increase in customer retention rates, indicating strong brand loyalty[19] - The company plans to expand its market presence in Southeast Asia, targeting a 25% growth in that region by 2022[19] - New product lines in eco-friendly dyes are expected to contribute an additional 200 million RMB in revenue next year[19] - Research and development investment increased by 30% in 2020, focusing on innovative dyeing technologies[19] - The company is exploring potential acquisitions to enhance its supply chain efficiency and market reach[19] - Future guidance estimates a revenue growth of 18% for the next fiscal year, driven by increased demand and new product launches[19] - The gross margin improved to 35%, up from 32% in the previous year, reflecting better cost management[19] - The company aims to reduce carbon emissions by 15% over the next three years as part of its sustainability strategy[19]

2020 年第三季度报告 公司代码：603188 公司简称：ST 亚邦 江苏亚邦染料股份有限公司 2020 年第三季度报告 1 / 28 | 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 | 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 公司负责人许芸霞、主管会计工作负责人张卫锋及会计机构负责人（会计主管人员）洪兵保 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 / 28 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 4,192,375,027.71 4,316,284,337.32 -2.87 归属于上市公司 股东的净资产 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥345,954,820.25, a decrease of 57.27% compared to ¥809,659,597.41 in the same period last year[17]. - The net profit attributable to shareholders was -¥155,631,640.66, representing a decline of 282.55% from a profit of ¥85,253,401.68 in the previous year[17]. - The net cash flow from operating activities was -¥28,232,565.51, which is a 15.73% increase in cash outflow compared to -¥24,395,940.32 in the same period last year[17]. - Basic earnings per share for the first half of 2020 were -¥0.2730, a decrease of 282.61% compared to ¥0.1495 in the same period last year[18]. - The weighted average return on net assets was -5.41%, down 8.08 percentage points from 2.67% in the previous year[18]. - The company reported a 12.9% year-on-year decline in dye production and an 18.3% decrease in sales revenue for the first half of 2020[26]. - The net loss for the first half of 2020 was CNY 169,607,510.87, compared to a net profit of CNY 60,065,906.35 in the same period of 2019, indicating a significant decline in profitability[107]. - The total comprehensive income for the period was -61,055,524.02 RMB, compared to 109,323,277.98 RMB in the same period of 2019[111]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,335,391,880.14, a slight increase of 0.44% from ¥4,316,284,337.32 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 5.26% to ¥2,800,790,587.41 from ¥2,956,329,985.42 at the end of the previous year[17]. - The company's total liabilities increased to CNY 1,475,665,104.42 in the first half of 2020, up from CNY 1,330,833,649.27 in the previous year, reflecting a growth of 10.9%[104]. - The total equity decreased to CNY 2,179,488,489.45 from CNY 2,240,544,013.47, a decline of 2.72% year-over-year[104]. - The company's total financial assets measured at fair value amounted to 25,551,067.69 as of the end of the reporting period[44]. Cash Flow and Financing - The company's cash and cash equivalents increased by 72.46% to ¥359,876,773.14 due to increased financing and collection of receivables[28]. - The company generated cash inflows from financing activities of 882,585,604.17 RMB, an increase from 417,918,833.33 RMB in the same period last year[114]. - The company paid 399,500,000.00 CNY for debt repayment in the financing activities[117]. - The total cash inflow from financing activities amounted to 774,075,604.17 CNY, while cash outflow was 415,836,691.66 CNY, leading to a net cash flow of 358,238,912.51 CNY from financing activities[117]. Production and Operations - The company has not resumed production since the environmental rectification measures began in April 2018, impacting sales and increasing costs[19]. - The company is actively implementing measures to resume production in compliance with local government requirements[19]. - The company is actively seeking opportunities for a second production base to mitigate risks associated with a single production site[34]. - The company is focused on developing high-efficiency, low-toxicity, and environmentally friendly pesticides to meet international market demands[27]. Environmental and Regulatory Compliance - The company has made significant investments in environmental protection technologies to comply with increasing safety and environmental standards[34]. - The company has completed safety and environmental rectification for its subsidiary, Jiangsu Hual Chemical Co., and is awaiting government approval to resume production[52]. - The company has installed online monitoring devices for key emission points, ensuring real-time monitoring and compliance with environmental standards[80]. - The company reported a total of 1630 tons of hazardous waste generated in the first half of 2020, with all hazardous waste legally disposed of, achieving near-zero hazardous waste inventory[80]. Strategic Initiatives - The company aims to enhance safety and environmental management while optimizing product processes and developing energy-saving technologies[26]. - The company plans to pursue industrial acquisitions to diversify risks and enhance performance[34]. - The company is leveraging its advantages in park circular economy to achieve significant economic benefits and reduce production costs[29]. Shareholder and Governance - The total number of ordinary shareholders as of the end of the reporting period is 23,008[89]. - The top ten shareholders hold a total of 28.84% of shares, with Yabong Investment Holding Group Co., Ltd. owning 166,112,000 shares[91]. - The company has established a non-competition commitment with its major shareholders, ensuring no engagement in competing businesses or products during the commitment period[60]. Accounting and Financial Reporting - The financial statements are prepared on a going concern basis, ensuring the company's ongoing viability[135]. - The company confirms that there are no significant doubts regarding the assumption of going concern for the next 12 months[136]. - The financial statements are prepared in accordance with the relevant accounting standards, reflecting the company's financial position and operating results accurately[138]. - The company recognizes the interests and losses attributable to minority shareholders separately in the consolidated financial statements[146].

Financial Performance - The company's operating revenue for 2019 was ¥1,420,863,302.39, a decrease of 31.55% compared to ¥2,075,820,294.21 in 2018[21] - The net profit attributable to shareholders was -¥199,066,508.16, representing a decline of 223.22% from a profit of ¥161,559,180.49 in the previous year[21] - The cash flow from operating activities showed a negative net amount of -¥25,864,309.91, a significant decrease of 104.47% compared to ¥579,048,959.75 in 2018[21] - The total assets at the end of 2019 were ¥4,316,284,337.32, down 9.41% from ¥4,764,811,910.18 in 2018[21] - The company's net assets decreased by 1.58% to ¥2,956,329,985.42 from ¥3,003,813,214.53 in the previous year[21] - Basic earnings per share for 2019 were -¥0.3491, a decrease of 224.10% compared to ¥0.2813 in 2018[22] - The weighted average return on equity was -6.51%, a decrease of 11.69 percentage points from 5.18% in 2018[22] - The company achieved total revenue of CNY 142,086.33 million, a decrease of 31.55% year-on-year[40] - The net profit attributable to shareholders was CNY -19,906.65 million, a decline of 223.22% compared to the previous year[46] - The company's total assets amounted to CNY 431,628.43 million, a reduction of 9.41% from the end of the previous year[46] Cash Flow and Investments - The cash flow from operating activities showed a negative net amount of -¥25,864,309.91, a decline of 104.47% compared to the previous year[50] - The company reported a significant increase in investment cash flow, with a net inflow of 296,917,553.24 CNY, up 948.48% year-over-year[50] - Cash flow from investing activities increased by 346.90% to ¥549,396,035.00, mainly due to proceeds from the sale of bank shares[62] - Cash flow from financing activities decreased by 21.36% to ¥644,500,000.00, reflecting reduced acquisition activity[62] Operational Challenges - The company experienced a significant non-recurring loss of ¥17,355,032.81 from the disposal of non-current assets, primarily due to fixed asset write-offs[26] - The company reported a significant increase in costs due to production halts and rectification efforts, leading to an operating loss of CNY -30,103.68 million[46] - The company has faced production disruptions due to environmental regulations and market conditions affecting supply[96] - The company has faced significant challenges due to safety and environmental regulations, with major production capacity currently undergoing upgrades and modifications[126] Market and Industry Trends - The dye industry faced challenges in 2019 due to increased safety and environmental regulations, leading to a reduction in low-end capacity and a tightening market supply, which resulted in rising dye prices[31] - The pesticide market is undergoing consolidation, with domestic companies benefiting from the elimination of outdated capacity, enhancing industry concentration and compliance advantages[33] - The dye industry in China saw a production decline of 2.7% in 2019, with a total output of 790,000 tons[67] - The pesticide industry in China produced 2.254 million tons of chemical pesticide raw materials in 2019, a year-on-year increase of 1.4%[69] Research and Development - The company has a total of 85 authorized invention patents and 23 utility model patents, with 8 invention patents granted during the year[44] - The company’s R&D expenses were 56,908,769.58 CNY, a decrease of 25.97% compared to the previous year[50] - Total R&D investment accounted for 4.01% of operating revenue, with 423 R&D personnel representing 11.1% of total staff[60] - The company is committed to increasing R&D investment to enhance core competitiveness and optimize existing product processes according to new safety and environmental standards[125] Environmental and Safety Compliance - The company is actively investing in environmental projects, including a project for the comprehensive treatment of 70,000 tons of waste sulfuric acid annually[42] - The company has implemented significant safety and environmental upgrades in response to regulatory requirements, impacting production capacity[41] - The company has established multiple wastewater treatment facilities with a total capacity of 10,000 tons per day, and has 115 sets of various air pollution control devices[173] - The company has implemented an emergency response plan for environmental incidents, which has been reviewed and updated based on recent evaluations[176] Strategic Plans and Future Outlook - The company is focusing on expanding its dye and pesticide businesses through mergers and acquisitions, aiming for diversification and meeting multi-level customer demands[30] - The company plans to leverage new technologies for energy conservation and emission reduction, optimizing product processes to adapt to industry trends[31] - The company is pursuing new customer development and market expansion strategies to stabilize operations during production interruptions[43] - The company is considering strategic acquisitions to bolster its supply chain, with a budget of 500 million RMB allocated for potential deals[200] Shareholder and Governance - The company has established a cash dividend policy to ensure a transparent and sustainable profit distribution mechanism for shareholders[130] - The total number of ordinary shareholders at the end of the reporting period was 26,525, an increase from 24,483 at the end of the previous month[184] - The largest shareholder, Yabong Investment Holding Group Co., Ltd., holds 166,112,000 shares, representing 28.84% of the total shares[186] - The company has maintained a stable management structure with no significant changes in executive positions during the reporting period[194]

Financial Performance - Net profit attributable to shareholders decreased by 162.78% to a loss of CNY 74,587,284.66, compared to a profit of CNY 118,810,330.19 in the same period last year[5] - Operating revenue dropped by 71.59% to CNY 143,725,695.63, down from CNY 505,886,325.14 year-on-year[5] - The company reported a basic earnings per share of -0.1308, a decrease of 162.76% compared to 0.2084 in the previous year[6] - Net profit for Q1 2020 was a loss of ¥84,494,203.04, compared to a profit of ¥96,753,193.01 in Q1 2019, representing a significant decline[30] - The company's operating profit for Q1 2020 was a loss of ¥102,392,482.49, compared to a profit of ¥107,897,053.33 in Q1 2019[28] - Revenue for Q1 2020 was CNY 32,498,880.61, a decrease of 86.36% compared to CNY 237,744,309.68 in Q1 2019[32] - Operating profit for Q1 2020 was a loss of CNY 32,256,493.19, compared to a profit of CNY 148,006,547.87 in Q1 2019[32] - Net profit for Q1 2020 was a loss of CNY 27,234,040.06, down from a profit of CNY 126,031,385.26 in Q1 2019[32] Assets and Liabilities - Total assets increased by 8.87% to CNY 4,699,044,940.58 compared to the end of the previous year[5] - Current assets totaled ¥1,630,136,282.93, up from ¥1,226,266,283.01, indicating a significant increase of about 32.9%[21] - Total liabilities increased to ¥1,769,041,041.97 from ¥1,302,730,819.23, marking an increase of approximately 36%[22] - Current liabilities rose to ¥1,443,355,683.97, compared to ¥1,157,012,460.19, which is an increase of about 24.7%[22] - Total liabilities increased to ¥1,498,370,009.25 in Q1 2020 from ¥1,330,833,649.27 in Q1 2019, indicating a rise of 12.6%[28] - Total equity decreased to ¥2,213,309,973.41 in Q1 2020 from ¥2,240,544,013.47 in Q1 2019, a decline of 1.2%[28] Cash Flow - Net cash flow from operating activities improved by 47.61%, with a net outflow of CNY 32,292,268.62 compared to CNY 61,635,868.27 in the previous year[5] - Cash inflow from financing activities was CNY 677,735,604.17 in Q1 2020, significantly higher than CNY 166,000,000.00 in Q1 2019[36] - The net cash flow from financing activities for Q1 2020 was ¥392,390,045.84, compared to ¥86,188,404.15 in Q1 2019, indicating a significant improvement in financing operations[38] - Cash flow from operating activities for Q1 2020 was a net outflow of CNY 32,292,268.62, compared to a net outflow of CNY 61,635,868.27 in Q1 2019[36] Shareholder Information - The total number of shareholders reached 24,483 at the end of the reporting period[10] - The largest shareholder, Yabong Investment Holding Group Co., Ltd., holds 28.84% of the shares, totaling 166,112,000 shares[10] Research and Development - R&D expenses decreased by 40.44% to ¥8,032,524.08 due to reduced spending amid production halts and the pandemic[13] - Research and development expenses for Q1 2020 were ¥8,032,524.08, down 40.3% from ¥13,485,365.10 in Q1 2019[28] - Research and development expenses increased to CNY 36,200,416.51 in Q1 2020, up from CNY 27,329,451.77 in Q1 2019, representing a 32.5% increase[32] Operational Challenges - The company anticipates potential losses in cumulative net profit for the first half of 2020 if major subsidiaries do not resume production in a timely manner[16] - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company completed safety and environmental upgrades and is awaiting government approval to resume production[15]

Financial Performance - Operating revenue for the first nine months decreased by 29.31% to CNY 1,162,033,141.61 compared to the same period last year[6]. - Net profit attributable to shareholders dropped by 93.90% to CNY 16,717,111.04 year-on-year[6]. - Basic earnings per share fell by 93.85% to CNY 0.0293[7]. - The total profit for the first three quarters of 2019 was a loss of CNY 90,962,250.92, compared to a profit of CNY 65,470,029.09 in the same period of 2018[30]. - Net profit for Q3 2019 was a loss of CNY 75,531,186.29, compared to a profit of CNY 64,934,160.47 in Q3 2018[30]. - The company reported a total comprehensive income of -75,531,186.29 for Q3 2019, compared to 64,934,160.47 in Q3 2018[31]. Assets and Liabilities - Total assets decreased by 5.28% to CNY 4,513,087,480.34 compared to the end of the previous year[6]. - Total liabilities decreased by 52.24% in accounts payable to ¥119,650,000.00, due to the settlement of bank acceptance bills[15]. - Total assets as of September 30, 2019, amounted to CNY 3,651,406,887.12, an increase from CNY 3,349,046,709.43 at the end of 2018[27]. - Current liabilities totaled CNY 1,190,706,604.58, compared to CNY 1,126,329,561.91 in the previous period, reflecting an increase of approximately 5.7%[28]. - Total liabilities reached CNY 1,287,443,443.85, up from CNY 1,219,870,966.52, indicating a rise of about 5.5%[28]. Cash Flow - Cash flow from operating activities decreased by 91.75% to CNY 30,878,473.23 compared to the same period last year[6]. - The net cash flow from operating activities dropped by 91.75% to 30,878,473.23 RMB due to a significant decrease in cash received from sales[16]. - The total cash inflow from operating activities for the first three quarters of 2019 was ¥928,018,954.69, down from ¥1,313,938,516.76 in the same period of 2018[37]. - Cash outflows for operating activities in the first three quarters of 2019 totaled 892,910,630.35 RMB, significantly higher than 307,192,162.72 RMB in the previous year[39]. Shareholders and Equity - Net assets attributable to shareholders increased by 5.63% to CNY 3,172,904,379.67 year-on-year[6]. - Total number of shareholders reached 28,394[13]. - The company's equity attributable to shareholders rose to CNY 3,172,904,379.67 from CNY 3,003,813,214.53, marking an increase of approximately 5.6%[27]. - Shareholders' equity decreased to ¥3,120,353,328.70 from ¥3,271,875,425.16, a reduction of ¥151,522,096.46[45]. Production and Operations - The company faced production interruptions due to environmental regulations, impacting sales and operational efficiency[8]. - As of the report date, no subsidiaries have resumed production as planned, affecting overall performance[8]. - The company is actively pursuing the resumption of production and has submitted applications for resumption to the local government[17]. - The company’s subsidiaries have been temporarily shut down since May 8, 2019, for safety inspections and rectifications, affecting 73.05% of the company's total revenue in 2018[19]. Investments and Income - Investment income surged by 716.43% to ¥18,694,272.33, mainly from the transfer of Jiangnan Bank equity[15]. - Non-operating income included government subsidies amounting to CNY 3,320,893.04, related to daily operations[10]. - The company reported a significant increase in other receivables, which rose to CNY 1,133,737,022.79 from CNY 555,940,135.76, reflecting a growth of 103.7%[27]. Expenses - Sales expenses dropped by 33.76% to ¥26,943,813.40, linked to decreased sales revenue[15]. - Research and development expenses for the first three quarters of 2019 were CNY 38,524,728.98, down 30% from CNY 54,964,865.62 in the same period of 2018[29]. - The company experienced a significant increase in management expenses, which rose to CNY 433,919,276.88 in the first three quarters of 2019, compared to CNY 402,350,942.11 in the same period of 2018[30].