证券代码：603238 证券简称：诺邦股份 公告编号：2020-030 杭州诺邦无纺股份有限公司 关于参加浙江辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的沟通交流，杭州诺邦无纺股份有限公司（以下简称 "公司"）将参加由浙江证监局指导，浙江上市公司协会和深圳市全景网络有限 公司共同举办的"浙江辖区上市公司投资者网上集体接待日"活动（以下简称 "本次活动"），现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台，采取网络远程方 式举行。投资者可登录"投资者关系互动平台"网站 (http://rs.p5w.net）参 与本次投资者集体接待日活动，活动时间为 2020 年 5 月 15 日（星期五）下午 15:00 至 17:00。届时公司将通过网络在线交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 杭州诺邦无纺股份有限公司 董事会 2020 年 5 月 13 日 ...

Financial Performance - Operating income rose by 36.24% to CNY 338,496,064.73 year-on-year[6] - Net profit attributable to shareholders increased by 256.02% to CNY 47,140,061.46 compared to the same period last year[6] - Basic earnings per share reached CNY 0.41, up 215.38% from CNY 0.13 in the previous year[7] - The weighted average return on equity increased by 3.55 percentage points to 5.36%[6] - Total revenue for Q1 2020 reached ¥338,496,064.73, an increase of 36.3% compared to ¥248,455,289.20 in Q1 2019[25] - The net profit for Q1 2020 was CNY 77,309,643.11, which is a 276.5% increase compared to CNY 20,484,115.36 in Q1 2019[27] - The total comprehensive income for Q1 2020 was CNY 77,309,643.11, compared to CNY 20,484,115.36 in Q1 2019, indicating significant growth[27] - The total profit for Q1 2020 reached CNY 19,801,209.45, up from CNY 9,068,427.57 in Q1 2019, showcasing improved profitability[28] Cash Flow - Cash flow from operating activities surged by 143.63% to CNY 91,082,400.17 year-to-date[6] - Net cash flow from operating activities increased by 143.63% to ¥91,082,400.17 from ¥37,385,786.29, attributed to higher cash receipts from sales[15] - Cash inflows from operating activities in Q1 2020 amounted to CNY 478,532,224.90, a substantial increase from CNY 243,983,971.46 in Q1 2019[29] - The net cash flow from operating activities was CNY 28,254,642.21, compared to CNY 6,464,873.48 in the previous year, marking a 338.5% increase[34] - Net cash flow from financing activities was CNY 152,575,389.96, a significant improvement from a net outflow of CNY 41,999,358.00 in Q1 2019[31] Assets and Liabilities - Total assets increased by 14.48% to CNY 1,841,636,916 compared to the end of the previous year[6] - Cash and cash equivalents increased by 47.31% to ¥302,452,399.45 from ¥205,311,791.58, primarily due to new bank loans during the period[13] - Total liabilities decreased to ¥123,646,355.86 from ¥131,596,035.98, indicating a reduction in financial obligations[24] - The total assets increased to ¥1,841,636,916.00 from ¥1,608,710,922.46, indicating overall growth in the company's financial position[20] - The company reported a total asset value of CNY 1,608,710,922.46 as of Q1 2020, maintaining stability compared to previous periods[37] - Total liabilities amounted to CNY 580,822,514.77, with current liabilities at CNY 562,515,146.69[38] Shareholder Information - The total number of shareholders reached 11,217 by the end of the reporting period[11] - The largest shareholder, Hangzhou Boss Industrial Group, holds 55.76% of the shares[11] - The total equity attributable to shareholders reached CNY 890,939,658.94, contributing to a total equity of CNY 1,027,888,407.69[39] Research and Development - The company reported R&D expenses of ¥9,222,872.11 for Q1 2020, up from ¥7,933,507.93 in Q1 2019, highlighting a commitment to innovation[25] - The company incurred research and development expenses of CNY 5,138,783.99 in Q1 2020, compared to CNY 4,537,244.53 in Q1 2019, reflecting a focus on innovation[28] Tax and Expenses - Income tax expenses rose significantly by 421.63% to ¥14,495,375.60 from ¥2,778,846.58, reflecting increased profits and corresponding tax liabilities[14] - The company reported a decrease in financial expenses, with a net financial cost of CNY -481,050.74 in Q1 2020, compared to CNY 1,181,129.64 in Q1 2019[28] Other Financial Metrics - Operating costs for Q1 2020 were ¥249,529,310.12, up from ¥226,015,380.15 in Q1 2019, reflecting a rise of 10.4%[25] - The company executed a new revenue recognition standard starting January 1, 2020, impacting retained earnings and financial statement items[39] - The company has not disclosed any new product developments or market expansion strategies in this report[5]

Financial Performance - The company's operating revenue for 2019 was CNY 1,098,023,576.74, representing a 17.25% increase compared to CNY 936,448,249.46 in 2018[19] - The net profit attributable to shareholders for 2019 was CNY 82,526,175.30, a 49.36% increase from CNY 55,253,835.74 in the previous year[19] - The net cash flow from operating activities reached CNY 217,718,814.83, marking a significant increase of 92.83% compared to CNY 112,905,437.77 in 2018[19] - The total assets of the company at the end of 2019 were CNY 1,608,710,922.46, an 8.31% increase from CNY 1,485,291,472.78 at the end of 2018[20] - The basic earnings per share for 2019 was CNY 0.69, which is a 50% increase from CNY 0.46 in 2018[21] - The weighted average return on equity increased to 9.69% in 2019, up by 2.78 percentage points from 6.91% in 2018[21] - The net profit after deducting non-recurring gains and losses was CNY 76,549,150.79, reflecting a 75.52% increase from CNY 43,611,903.79 in 2018[19] Dividend Distribution - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares, totaling CNY 30,000,000.00 for the year[5] - In 2019, the company distributed cash dividends of 30 million RMB, representing 36.35% of the net profit attributable to ordinary shareholders[73] - The company has a profit distribution policy prioritizing cash dividends, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[71] - The company’s cash dividend distribution is contingent upon achieving distributable profits after covering losses and legal reserves, with a minimum of 10% of the annual distributable profits allocated to cash dividends[72] Research and Development - The company successfully launched a project with an annual production capacity of 15,000 tons of industrial water-jet composite non-woven materials, contributing to capacity growth[36] - The establishment of a research and innovation center for non-woven materials aims to enhance R&D capabilities and align with global industry standards[36] - Research and development expenses increased due to new R&D projects and increased investment in R&D[42] - The company’s R&D efforts have led to breakthroughs in new products, including a world-leading 3D lace jacquard technology[37] Market and Industry Trends - The production of non-woven fabrics in China reached 5.03 million tons in 2019, marking a year-on-year increase of 9.9%, despite a decline in related industries such as automotive[27] - The industry saw a total revenue of ¥235.93 billion, with a year-on-year growth of 1.2%, while total profits decreased by 4.3% to ¥11.88 billion, indicating a challenging economic environment[28] - The average profit margin for the industry was 5.9%, down 0.3 percentage points from the previous year, highlighting increased operational challenges[28] Environmental Responsibility - The company has implemented environmental protection measures and received certifications for its environmental management systems, including ISO 9001 and ISO 14001[110] - The company has a wastewater treatment system that meets municipal discharge standards, with regular monitoring by environmental authorities[113] - The company reported no exceedance of pollution discharge limits for COD, ammonia nitrogen, and total nitrogen during the reporting period[112] - The company has received recognition as a green enterprise and a water-saving enterprise in Hangzhou[110] Corporate Governance - The company adheres to legal regulations and continuously improves its corporate governance structure[149] - The company maintains independence from its controlling shareholder in business operations, personnel, assets, and finances[149] - The company has established a performance evaluation and incentive mechanism for its management personnel, ensuring transparency and compliance with legal regulations[151] - The audit report confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2019[160] Risk Management - The company faces significant risks from raw material price fluctuations, particularly in viscose and polyester fibers, which heavily impact production costs[67] - The company is exposed to exchange rate risks due to its reliance on USD and EUR for import and export transactions, which may lead to increased foreign exchange losses[68] - The company is focusing on improving its risk management strategies to mitigate future financial impacts[198] Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 10% to 12%[138] - New product launches are expected to contribute an additional 200 million yuan in revenue over the next fiscal year[139] - The company plans to enhance its capital structure through strategic investments and potential market expansions in the upcoming year[198] - Future guidance indicates a cautious outlook with an emphasis on maintaining equity stability and exploring new revenue streams[198]

证券代码：603238 证券简称：诺邦股份 公告编号：2019-039 杭州诺邦无纺股份有限公司 关于参加浙江辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的沟通交流，杭州诺邦无纺股份有限公司（以下简称 "公司"）将参加由浙江证监局指导，浙江上市公司协会和深圳市全景网络有限 公司共同举办的"浙江辖区上市公司投资者网上集体接待日"活动（以下简称 "本次活动"），现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台，采取网络远程方 式举行。投资者可登录"投资者关系互动平台"网站 (http://rs.p5w.net）参 与本次投资者集体接待日活动，活动时间为 2019 年 11 月 5 日（星期二）下午 15:30 至 17:00。届时公司将通过网络在线交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 杭州诺邦无纺股份有限公司 董事会 2019 年 10 月 31 日 ...

Financial Performance - Net profit attributable to shareholders increased by 62.52% to CNY 67,507,980.06 for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 795,916,091.80, reflecting an 18.75% increase year-on-year[6]. - Basic earnings per share rose by 60.00% to CNY 0.56[7]. - The weighted average return on equity increased by 2.73 percentage points to 7.96%[7]. - Net profit for the first three quarters of 2019 was ¥383,825,494.00, up from ¥334,317,513.94 in the same period of 2018, indicating a growth of approximately 14.8%[19]. - The company's operating revenue for Q3 2019 was CNY 142,372,536.83, an increase from CNY 134,597,033.31 in Q3 2018, representing a growth of approximately 5.3%[29]. - The net profit for Q3 2019 reached CNY 36,472,996.48, compared to CNY 22,248,383.75 in Q3 2018, indicating a significant increase of about 64%[26]. - The total profit for Q3 2019 was CNY 42,865,696.12, compared to CNY 25,799,749.11 in Q3 2018, marking an increase of around 66.1%[26]. Cash Flow - The net cash flow from operating activities surged by 284.00% to CNY 136,477,268.18 compared to the same period last year[6]. - Cash flow from operating activities for the first nine months of 2019 was CNY 136,477,268.18, significantly higher than CNY 35,541,274.17 in the same period of 2018[32]. - Net cash flow from operating activities for Q3 2019 was CNY 62,918,363.27, significantly up from CNY 12,521,520.95 in Q3 2018[36]. - Operating cash inflow for the first three quarters of 2019 was CNY 406,067,279.08, an increase of 5.4% compared to CNY 383,370,581.58 in the same period of 2018[35]. - The company received CNY 551,775,260.48 from other investment activities in the first nine months of 2019, down from CNY 844,200,000.00 in the same period of 2018[32]. - Cash outflow for investment activities totaled CNY 660,193,623.28 in Q3 2019, down from CNY 892,274,395.31 in Q3 2018[33]. - Net cash flow from investment activities improved to CNY -107,336,320.34 in Q3 2019, compared to CNY -42,376,325.88 in Q3 2018[33]. - Total cash inflow from financing activities in Q3 2019 was CNY 119,000,000.00, compared to CNY 54,800,000.00 in Q3 2018[33]. - Net cash flow from financing activities was CNY -81,069,585.24 in Q3 2019, worsening from CNY -19,557,235.87 in Q3 2018[33]. Assets and Liabilities - Total assets increased by 6.20% to CNY 1,577,409,801.94 compared to the end of the previous year[6]. - Total assets amounted to ¥1,577,409,801.94, up from ¥1,485,291,472.78, reflecting overall growth[17]. - The company's total liabilities increased, with short-term borrowings rising to ¥56,000,000.00 from ¥49,000,000.00[17]. - Total liabilities as of September 30, 2019, were ¥570,087,497.50, compared to ¥549,666,292.04 in the previous year, showing an increase of about 3.8%[19]. - Total liabilities reached ¥549,666,292.04, with current liabilities at ¥525,785,967.55[40]. - The company reported a long-term investment of ¥221,000,000.00 in long-term equity investments[42]. Shareholder Information - The company reported a total of 11,676 shareholders at the end of the reporting period[10]. - The largest shareholder, Hangzhou Boss Industrial Group Co., Ltd., holds 55.76% of the shares[10]. - Shareholders' equity totaled ¥935,625,180.74, with retained earnings of ¥334,317,513.94[40]. Expenses and Financial Management - Financial expenses increased by 109.30% to -¥4,543,860.54, mainly due to reduced bank loans and corresponding interest expenses[13]. - Income tax expenses rose by 61.90% to ¥13,487,217.58, attributed to increased profits[13]. - The company reported a decrease in investment income by 85.54% to ¥991,197.63, primarily due to reduced financial product returns[13]. - The company's financial expenses for Q3 2019 were reported as CNY -4,240,871.94, compared to CNY -3,552,799.15 in Q3 2018, showing a worsening of approximately 19.4%[29]. - The company incurred interest expenses of CNY 644,675.08 in Q3 2019, down from CNY 1,863,104.43 in Q3 2018, showing improved financial management[30]. Research and Development - Research and development expenses for Q3 2019 amounted to CNY 10,163,459.57, up from CNY 8,381,204.84 in Q3 2018, which is an increase of approximately 21.3%[29]. - Research and development expenses for Q3 2019 were CNY 5,099,623.91, slightly up from CNY 4,978,827.83 in Q3 2018, indicating a focus on innovation[30]. Other Financial Metrics - Non-recurring gains and losses for the first nine months amounted to CNY 4,263,040.03[8]. - Accounts receivable increased by 38.32% to ¥156,584,124.77, primarily due to sales growth[12]. - Prepayments rose by 64.87% to ¥10,728,610.31, mainly due to increased advance payments for materials and equipment[12]. - Other current assets decreased by 83.03% to ¥9,143,844.91, primarily due to a reduction in purchased financial products[12]. - Other payables increased significantly by 597.68% to ¥66,864,293.88, mainly due to increased inter-company transactions[12]. - The deferred income tax liabilities were recorded at ¥4,363,194.26, slightly down from ¥4,723,484.68 in the previous year[19]. - The total assets impairment loss for Q3 2019 was CNY -2,846,397.33, indicating a significant impact on the financial results[29].

Financial Performance - The company's operating revenue for the first half of 2019 reached approximately ¥510.31 million, representing a 21.49% increase compared to ¥420.03 million in the same period last year[16]. - Net profit attributable to shareholders was approximately ¥39.43 million, a 60.23% increase from ¥24.60 million in the previous year[16]. - The basic earnings per share increased by 57.14% to ¥0.33 from ¥0.21 in the same period last year[16]. - The net cash flow from operating activities surged by 434.42% to approximately ¥81.67 million, compared to ¥15.28 million in the previous year[16]. - The weighted average return on net assets rose to 4.70%, an increase of 1.58 percentage points from 3.12% in the previous year[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥36.22 million, up 94.29% from ¥18.64 million in the previous year[16]. - The company achieved operating revenue of 51,031,000 CNY, a year-on-year increase of 21.49%[31]. - Net profit attributable to shareholders reached 3,943,000 CNY, reflecting a growth of 60.23% compared to the same period last year[31]. - The company reported a total profit of ¥24,925,219.44 for the first half of 2019, up from ¥17,526,471.56 in the first half of 2018[109]. - The company reported a comprehensive income of 22,041,481.81 for the current period, compared to 15,483,795.95 in the same period last year, indicating a year-over-year increase of approximately 42.5%[132]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥1.46 billion, a decrease of 1.95% from the previous year-end[16]. - The company's total assets decreased to ¥939,711,393.54 from ¥1,033,319,149.16, a decline of 9.1%[104]. - Total liabilities decreased to ¥157,040,080.12 from ¥254,689,317.55, a reduction of 38.3%[104]. - The total liabilities at the end of the period were CNY 355.7 million, which is a decrease from CNY 843.9 million in the previous period, indicating improved financial stability[129]. - The company reported a decrease in total liabilities from CNY 549,666,292.04 to CNY 485,431,706.63, a reduction of approximately 11.7%[100]. Cash Flow - The net cash flow from operating activities surged by 434.42% to 81,674,005 CNY, driven by increased cash receipts from sales[39]. - Cash flow from operating activities generated a net amount of ¥81,674,005.34, a significant increase from ¥15,282,784.68 in the first half of 2018[111]. - Cash inflow from financing activities amounted to CNY 23,000,000.00, up from CNY 9,900,000.00 in the prior period[116]. - The ending balance of cash and cash equivalents was CNY 57,565,718.70, an increase from CNY 32,718,571.30 year-over-year[116]. Research and Development - The company emphasizes continuous R&D innovation, aligning new products with international market trends[28]. - Research and development expenses decreased by 8.30% to 18,877,485 CNY, influenced by the product development cycle[39]. - Research and development expenses were ¥18,877,484.53, down from ¥20,585,202.37, indicating a decrease of 8.3%[105]. Market and Industry - The company operates in the differentiated and personalized water-jet non-woven materials sector, with applications in beauty care, industrial materials, household cleaning, and medical materials[21]. - In the first half of 2019, the production of non-woven fabrics by large enterprises reached 2.162 million tons, a year-on-year increase of 11.41%[23]. - The main business income and total profit of the non-woven fabric industry were 118.77 billion yuan and 6.02 billion yuan, respectively, representing year-on-year growth of 6.32% and 1.49%[24]. - The company anticipates steady production and sales growth for the year, despite challenges from U.S.-China trade tensions[26]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve increase for the first half of 2019[51]. - There are commitments in place to avoid business competition with related parties, ensuring the protection of minority shareholders' rights[53]. - The company commits to avoiding related party transactions with its subsidiaries post-restructuring, ensuring fair and reasonable pricing based on market standards[57]. - The actual controller, Mr. Ren Jianhua, promises to prevent any competitive activities between the company and its subsidiaries, ensuring no harm to the interests of minority shareholders[56]. Environmental Compliance - The company's environmental protection facilities achieved a stable operation rate of 100% during the reporting period, with a solid waste disposal rate also at 100%[74]. - The company is classified as a key wastewater monitoring enterprise in Zhejiang Province, with no environmental pollution incidents reported throughout the year[74]. - The company has maintained compliance with environmental discharge standards, with specific limits for COD and ammonia nitrogen emissions[75]. Financial Management - The company will strengthen the supervision of fundraising projects to ensure the reasonable and legal use of raised funds[64]. - The company aims to enhance operational management and internal controls to improve operational efficiency and profitability[65]. - The controlling shareholder, Hangzhou Boss Industrial Group, has committed to stabilize the stock price through share repurchase plans under specific conditions[61]. Accounting Policies - The company's financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[140]. - The accounting policies include specific estimates for foreign currency transactions, bad debt provisions, inventory valuation, and depreciation of fixed assets[142]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[148].

Financial Performance - Operating revenue for the period reached CNY 248,455,289.20, representing a year-on-year increase of 32.08%[6] - Net profit attributable to shareholders of the listed company was CNY 15,062,513.55, an increase of 76.23% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 13,240,820.49, up 153.21% year-on-year[6] - Basic earnings per share for the period were CNY 0.13, an increase of 85.71% compared to CNY 0.07 in the same period last year[6] - Operating profit for Q1 2019 reached CNY 22,763,157.58, representing a 78.3% increase from CNY 12,782,469.06 in Q1 2018[24] - Net profit for Q1 2019 was CNY 23,262,961.94, compared to CNY 13,456,161.24 in Q1 2018, indicating a growth of 73.5%[24] - The company reported a total profit of CNY 9,068,427.57 for Q1 2019, which is a 34.8% increase from CNY 6,739,205.10 in Q1 2018[27] Cash Flow - The company generated a net cash flow from operating activities of CNY 37,385,786.29, compared to a negative cash flow of CNY 14,806,690.25 in the same period last year[6] - Cash flow from operating activities in Q1 2019 was CNY 227,884,239.94, compared to CNY 205,787,844.64 in Q1 2018, indicating a growth of 10.7%[29] - The net cash flow from operating activities was 37,385,786.29 RMB, a significant improvement compared to a net outflow of 14,806,690.25 RMB in the previous year[30] - The net cash flow from operating activities was 6,464,873.48 RMB, compared to a net outflow of 6,738,358.28 RMB in the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,475,198,396.03, a decrease of 0.68% compared to the end of the previous year[6] - Total liabilities as of March 31, 2019, amounted to CNY 199,667,779.58, down from CNY 254,689,317.55 at the end of 2018[21] - Current liabilities totaled RMB 501,177,045.49, down from RMB 525,785,967.55 in the previous period[16] - Total liabilities reached CNY 549,666,292.04, with current liabilities at CNY 525,785,967.55 and non-current liabilities at CNY 23,880,324.49[37] - The company’s total current liabilities represent approximately 35.4% of total assets, indicating a significant short-term financial obligation[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,852[10] - The largest shareholder, Hangzhou Boss Industrial Group Co., Ltd., held 66,915,000 shares, accounting for 55.76% of the total shares[10] - Total equity attributable to shareholders was CNY 822,481,462.24, contributing to total equity of CNY 935,625,180.74[38] Expenses and Income - Sales expenses rose by 76.02% to RMB 16,252,543.94, attributed to increased freight and wage costs[13] - Financial expenses decreased by 36.29% to RMB 2,177,823.40, due to reduced loans and corresponding interest expenses[13] - Investment income dropped by 83.82% to RMB 513,995.87 from RMB 3,176,890.45, mainly due to reduced financial investment returns[13] - Research and development expenses for Q1 2019 were CNY 4,537,244.53, slightly up from CNY 4,244,474.97 in Q1 2018[27] Government Subsidies - The company received government subsidies amounting to CNY 1,513,273.81, which were included in the current period's profit and loss[9] Inventory and Receivables - Prepayments increased by 128.90% to RMB 14,895,051.24 from RMB 6,507,260.34, primarily due to increased procurement of materials and equipment[12] - Other receivables decreased by 45.78% to RMB 6,793,276.75 from RMB 12,528,499.66, mainly due to the recovery of deposit guarantees[12] - Inventory as of March 31, 2019, was CNY 49,816,563.73, down 22.8% from CNY 64,565,259.71 at the end of 2018[20] - Accounts receivable increased to CNY 50,866,401.20 from CNY 34,032,792.57, reflecting a growth of 49.4%[20] Financial Health Indicators - The weighted average return on net assets increased by 0.72 percentage points to 1.81%[6] - The company’s total liabilities to equity ratio is approximately 0.59, indicating a balanced capital structure[37] - The company has a deferred income tax asset of CNY 6,177,862.58, reflecting potential future tax benefits[36] Compliance and Reporting - There were no audit report issues noted, suggesting compliance with financial regulations[42] - The company did not report any adjustments for prior period comparative data[42]

Financial Performance - The company's operating revenue for 2018 was RMB 936,448,249.46, representing a 51.44% increase compared to RMB 618,348,788.62 in 2017[19] - The net profit attributable to shareholders for 2018 was RMB 55,253,835.74, a 7.14% increase from RMB 51,572,941.73 in 2017[19] - The net profit after deducting non-recurring gains and losses was RMB 43,611,903.79, which is a 19.80% increase from RMB 36,404,748.46 in 2017[19] - The cash flow from operating activities for 2018 was RMB 112,905,437.77, up 43.17% from RMB 78,859,701.19 in 2017[19] - The total assets at the end of 2018 were RMB 1,485,291,472.78, an 8.85% increase from RMB 1,364,589,587.38 at the end of 2017[19] - The basic earnings per share for 2018 was RMB 0.46, a 2.22% increase from RMB 0.45 in 2017[20] - The diluted earnings per share for 2018 was also RMB 0.46, reflecting the same 2.22% increase from 2017[20] - The weighted average return on equity for 2018 was 6.91%, a decrease of 0.47 percentage points from 7.38% in 2017[20] Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.50 per 10 shares, totaling RMB 18,000,000.00[5] - In 2018, the company distributed a cash dividend of 1.50 RMB per share, representing 32.58% of the net profit attributable to ordinary shareholders[74] Industry Overview - The average profit margin for the industry was 5.20% in the first 11 months of 2018, indicating a slight decrease of 0.24 percentage points compared to the previous year[29] - The production of non-woven fabrics in the industry increased by 9.67% year-on-year, with a total output of 3.518 million tons from January to November 2018[28] - The export value of non-woven fabrics reached $2.58 billion, with a volume of 832,000 tons, reflecting a year-on-year growth of 2.5% in volume and 8.7% in value[31] Company Operations - The company operates eight water-jet production lines with a capacity exceeding 30,000 tons, positioning it as a leader in the domestic water-jet non-woven materials industry[32] - The company has developed over 2,300 varieties of non-woven materials, extending its product line to include end-consumer products[32] - The company achieved a sales revenue of 936.4 million RMB, a year-on-year increase of 51.44%[38] - Operating costs reached 715.0 million RMB, reflecting a 54.10% increase compared to the previous year[38] Research and Development - Research and development expenses rose by 34.39% to 37.44 million RMB, underscoring the company's commitment to innovation[45] - The company completed a technical transformation project, launching CBS composite water-jet materials, enhancing product quality and performance[41] - The company aims to enhance competitiveness through technological innovation and refined management, particularly in international markets along the Belt and Road Initiative[31] Financial Management - The company has established internal control management systems to ensure the proper, legal, and efficient use of raised funds, including the "Fund Management Measures" and "Investment Management System"[90] - The company aims to enhance operational efficiency and profitability by improving fund utilization efficiency and controlling costs[91] - The company has a cash management plan that allows for the rolling use of idle funds within a 12-month period[106] Shareholder Relations - The company is committed to avoiding competition with its controlling shareholder and related parties, ensuring the protection of minority shareholders' rights[78] - The company guarantees to resolve any necessary related transactions fairly and at market-recognized prices, ensuring the protection of the interests of the listed company and its minority shareholders[82] - The actual controller will not engage in activities that may harm the interests of the listed company and its minority shareholders[80] Environmental Compliance - The company achieved a 100% operational stability rate for its environmental protection facilities during the reporting period, with no environmental pollution incidents[110] - The total wastewater volume for the year was approximately 139,158 tons, with COD emissions of 2,940.6 kg, well below the limit of 16,270 kg[111] - The company has established a specialized wastewater treatment facility to ensure compliance with municipal discharge standards[113] Corporate Governance - The board of directors operates in accordance with the company's articles of association and relevant laws, ensuring effective governance[147] - The company is gradually establishing a transparent performance evaluation and incentive mechanism for directors and managers[147] - The company has not disclosed any significant changes in accounting policies or prior period adjustments, ensuring consistency in financial reporting[198]

杭州诺邦无纺股份有限公司 2018 年第三季度报告 公司代码：603238 公司简称：诺邦股份 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2018 年第三季度报告 1 / 20 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 8 | 杭州诺邦无纺股份有限公司 2018 年第三季度报告 杭州诺邦无纺股份有限公司 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 公司负责人任建华、主管会计工作负责人陆年芬及会计机构负责人（会计主管人员）陆年芬 保证季度报告中财务报表的真实、准确、完整。 2.1 主要财务数据 3 / 20 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 1,430,254,757.02 1,364,589,587.38 4.81% 归属于上市 ...

Financial Performance - The company's operating revenue for the first half of 2018 reached ¥420,031,060.35, representing a 76.48% increase compared to ¥238,004,225.18 in the same period last year[18]. - Net profit attributable to shareholders was ¥24,604,972.19, up 17.17% from ¥20,998,946.86 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥18,639,831.87, reflecting a 17.75% increase from ¥15,830,016.23 in the previous year[18]. - The basic earnings per share increased to ¥0.21, a rise of 10.53% compared to ¥0.19 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,390,325,449.94, which is a 1.89% increase from ¥1,364,589,587.38 at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥791,842,856.70, showing a 1.67% increase from ¥778,808,770.31 at the end of the previous year[18]. - The weighted average return on net assets was 3.12%, down 0.23 percentage points from 3.35% in the previous year[20]. - The company reported non-recurring gains of ¥5,965,140.32, which included government subsidies and other non-operating income[21]. - The cash flow from operating activities was ¥15,282,784.68, a slight increase of 2.91% from ¥14,850,216.53 in the same period last year[18]. Market and Production - The company achieved a sales revenue of CNY 420.03 million, representing a 76.48% increase compared to the same period last year[32]. - The production capacity of the company exceeds 30,000 tons, with over 2,300 varieties of non-woven materials produced[28]. - The industry’s production index was reported at 76.0, indicating stable production levels compared to the previous year[26]. - The domestic market demand index for the industry was reported at 72.0, indicating strong demand[26]. Research and Development - The company’s R&D expenditure increased by 148.14% to CNY 20.59 million, reflecting a strong focus on innovation[38]. - The company completed a technical upgrade project, launching a new CBS composite water-jet material[34]. - The company is constructing a project with an annual production capacity of 15,000 tons of composite non-woven materials, with progress on schedule[35]. Financial Risks and Management - The company has outlined potential risks in its management discussion, including industry and market risks, and has provided strategies to mitigate these risks[5]. - The company faces risks related to raw material price fluctuations, particularly for viscose and polyester fibers, which significantly impact production costs[43]. - The company is exposed to exchange rate risks due to its export sales and increasing foreign procurement, which may lead to exchange losses[44]. - The company’s financial expenses increased significantly due to higher loan interest and exchange rate losses[37]. Shareholder and Corporate Governance - No profit distribution or capital reserve transfer plans were proposed for the half-year period[49]. - The company commits to avoiding competition with its subsidiaries and related parties, ensuring no harm to the rights of minority shareholders[51]. - The controlling shareholder promises to avoid related party transactions post-restructuring, ensuring fair pricing and compliance with legal requirements[54]. - The company guarantees that any unavoidable related party transactions will be conducted at market-recognized reasonable prices[55]. - The controlling shareholder will not transfer or manage shares for 36 months post-listing, with specific conditions for extending the lock-up period[56]. - The company will prioritize transferring business opportunities that may compete with its subsidiaries to them[53]. - The controlling shareholder will ensure that any related party transactions do not harm the interests of the company and its minority shareholders[55]. - The company will comply with all relevant regulations and ensure transparency in any related transactions[54]. Environmental and Social Responsibility - The company achieved a wastewater treatment capacity of 1,700 tons per day with a 100% operational stability rate for its environmental protection facilities[73]. - Total wastewater discharge for the year was 79,020.56 tons, which is 47.04% of the limit set at 34.72 million tons[72]. - The company has no environmental pollution incidents or disputes during the reporting period[73]. - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental authorities[75]. Accounting and Financial Reporting - The company has maintained compliance with accounting standards, ensuring accurate financial reporting[125]. - The company’s financial statements reflect a commitment to continuous operation without significant doubts regarding its viability[123]. - The company’s accounting policies are tailored to its operational characteristics, including provisions for foreign currency transactions and inventory valuation[124]. - The company includes all subsidiaries under its control in the consolidated financial statements according to the relevant accounting standards[130]. Cash Flow and Liquidity Management - Cash and cash equivalents decreased to RMB 233,565,744.66 from RMB 282,601,991.39, indicating a decline of about 17.3%[90]. - The company’s cash flow management strategy includes maintaining a significant portion of cash in fixed deposits and restricted accounts to ensure liquidity while managing risk[192]. - The company continues to monitor its accounts receivable closely, with a focus on minimizing bad debt through effective credit risk management[200]. - Overall, the financial performance reflects a cautious approach to cash management and receivables, with a focus on maintaining liquidity in a challenging market environment[194].