证券代码：603306 证券简称：华懋科技 公告编号: 2023-053 一、同意你公司向不特定对象发行可转换公司债券的注册申请。 二、你公司本次发行应严格按照报送上海证券交易所的申报文件和发行方 案实施。 三、本批复自同意注册之日起 12 个月内有效。 华懋（厦门）新材料科技股份有限公司 特此公告。 关于向不特定对象发行可转换公司债券申请获得中国证监 会同意注册批复的公告 华懋（厦门）新材料科技股份有限公司 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。 华懋（厦门）新材料科技股份有限公司（以下简称"公司"）于近日收到中国 证券监督管理委员会（以下简称"中国证监会"）出具的《关于同意华懋（厦门） 新材料科技股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监 许可【2023】1682 号）（以下简称"批复文件"），批复文件主要内容如下： 四、自同意注册之日起至本次发行结束前，你公司如发生重大事项，应及 时报告上海证券交易所并按有关规定处理。 公司董事会将按照上述批复文件和相关法律法规的要求以及公司股东大会 的授权，在 ...

Group 1: Financial Performance - The company's revenue for Q1 2023 was approximately 420 million, representing a year-on-year growth of 22% [3] - The net profit attributable to the parent company was about 28.7 million, a decline of 52% year-on-year [3] - The non-recurring net profit was 24.11 million, down 13% compared to the previous year [3] Group 2: Factors Affecting Profit - The decline in net profit was attributed to three main factors: 1. Absence of significant subsidies in Q1 2023, compared to 39.56 million in the same period last year [3] 2. Increased employee numbers during the traditional off-season, leading to higher labor costs [3] 3. Rising raw material costs due to previous procurement price increases, despite a decrease in prices in Q1 2023 [3] Group 3: Market Outlook - The company anticipates a recovery in gross margin in Q2 2023, driven by improved capacity utilization and lower raw material prices [4] - The automotive passive safety sector is projected to achieve a revenue target of 2 billion for the year, with faster growth expected in Q2 due to a low base from the previous year [4] Group 4: Cost Management - The stock option incentive expenses are expected to decrease significantly from nearly 80 million last year to around 23 million this year, with quarterly breakdowns provided [4] - The company is actively switching to domestic suppliers, resulting in a decline in procurement costs in Q1 2023 [4] Group 5: Product Development - The company is making progress in high-end photoresist products, with multiple orders received from mainstream 12-inch wafer manufacturers [5] - There is an ongoing effort to accelerate client certifications and order additions for photoresist products [5]

Financial Performance - The company's operating revenue for Q1 2023 was CNY 419,719,812.77, representing a year-on-year increase of 22.01%[5] - The net profit attributable to shareholders decreased by 52.44% to CNY 28,706,767.44 compared to the same period last year[5] - Basic earnings per share were CNY 0.09, down 55.22% year-on-year[6] - The net profit for Q1 2023 was CNY 25,288,616.71, a decrease of 60% compared to CNY 63,152,219.72 in Q1 2022[19] - The total comprehensive income for Q1 2023 was CNY 23,557,805.28, significantly lower than CNY 63,644,020.83 in Q1 2022[20] - The total operating profit for Q1 2023 was CNY 34,776,032.87, down from CNY 74,132,015.74 in Q1 2022[19] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 189.46% to CNY 30,826,500.70[5] - Cash and cash equivalents as of March 31, 2023, were RMB 691,951,029.49, down from RMB 750,630,415.75 as of December 31, 2022, a decrease of 7.8%[14] - The cash and cash equivalents at the end of Q1 2023 were CNY 691,951,029.49, compared to CNY 586,859,616.13 at the end of Q1 2022[22] - The company reported a net cash outflow from investing activities of CNY -88,579,740.45, an improvement from CNY -169,727,273.88 in the previous year[22] Research and Development - The company experienced a significant increase in research and development expenses, which rose by CNY 5,685,500, contributing to the decline in net profit[8] - Research and development expenses increased to RMB 21,390,195.29 in Q1 2023, compared to RMB 15,704,733.73 in Q1 2022, reflecting a growth of 36.2%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,098[9] - The top shareholder, Dongyang Huasheng Enterprise Management Partnership, held 15.36% of the shares, totaling 49,228,260 shares[10] Liabilities and Equity - Total liabilities decreased to RMB 351,458,594.02 in Q1 2023 from RMB 448,345,874.85 in Q1 2022, a reduction of 21.6%[16] - The equity attributable to shareholders of the parent company increased to RMB 3,209,943,771.73 as of March 31, 2023, compared to RMB 3,141,836,722.91 at the end of 2022, an increase of 2.2%[17] Revenue and Costs - Total operating revenue for Q1 2023 reached RMB 419,719,812.77, an increase of 22.0% compared to RMB 344,012,508.35 in Q1 2022[17] - Total operating costs for Q1 2023 were RMB 382,666,946.43, up 25.8% from RMB 304,263,273.89 in Q1 2022[17] Investment and Impairment - The company reported an investment loss of RMB 7,941,801.26 in Q1 2023, compared to a loss of RMB 5,943,883.88 in Q1 2022[17] - The company experienced a fair value loss of CNY -94,358.45 in Q1 2023, compared to a gain of CNY 148,974.90 in the previous year[19] - The company incurred a credit impairment loss of CNY 4,779,059.17 in Q1 2023, contrasting with a gain of CNY -1,066,543.79 in Q1 2022[19] Accounts Receivable and Inventory - The company’s accounts receivable decreased to RMB 464,526,631.19 as of March 31, 2023, from RMB 520,852,229.36 at the end of 2022, a decline of 10.8%[14] - The company’s inventory as of March 31, 2023, was RMB 245,295,778.50, down from RMB 270,473,709.84 at the end of 2022, a decrease of 9.3%[15]

Dividend Distribution - The company plans to distribute a cash dividend of 1.87 RMB per 10 shares, totaling approximately 59.55 million RMB, subject to shareholder approval[5]. - The proposed cash dividend for 2022 is CNY 1.87 per 10 shares, totaling CNY 59,546,289.57[132]. - The cash dividend for 2021 was CNY 1.148 per 10 shares, amounting to CNY 35,211,181.17, which represents 19.99% of the net profit attributable to ordinary shareholders[137]. - The cash dividend for 2020 was CNY 1.311 per 10 shares, totaling CNY 40,475,841.01[131]. - The cash dividend for 2019 was CNY 4.5 per 10 shares, amounting to CNY 139,758,617.70[130]. - The company has not proposed any adjustments to its cash dividend policy[133]. - The company has confirmed that the dividend standards and procedures comply with its articles of association and shareholder resolutions[134]. - The company plans to distribute at least 10% of the annual distributable profit in cash dividends each year from 2022 to 2024[128]. - In mature stages without significant capital expenditure, cash dividends should constitute at least 80% of the profit distribution[126]. - In mature stages with significant capital expenditure, cash dividends should constitute at least 40% of the profit distribution[126]. - In growth stages with significant capital expenditure, cash dividends should constitute at least 20% of the profit distribution[126]. - The board must consider industry characteristics, development stages, and profitability when proposing differentiated cash dividend policies[129]. - The company will actively communicate with shareholders, especially minority shareholders, before the cash dividend proposal is reviewed[130]. - The board's profit distribution policy must be approved by a majority of directors and two-thirds of independent directors[130]. - The company may propose stock dividends if rapid revenue growth occurs and stock prices do not align with capital scale[130]. - The company will disclose reasons for not proposing cash distributions or if distributions are below 30% of the distributable profit in regular reports[129]. Financial Performance - The company achieved operating revenue of RMB 1.637 billion in 2022, a year-on-year increase of 35.75%[20]. - Net profit attributable to shareholders reached RMB 198.46 million, up 12.68% from the previous year[20]. - The net profit after deducting non-recurring gains and losses was RMB 147.27 million, reflecting an 11.46% increase year-on-year[20]. - Total assets grew to RMB 3.784 billion, representing a 21.52% increase compared to the end of the previous year[20]. - The net assets attributable to shareholders increased to RMB 3.142 billion, an 18.05% rise from the previous year[20]. - Basic earnings per share rose to RMB 0.645, a 12.96% increase compared to 2021[21]. - The company's main business revenue reached CNY 1.606 billion, an increase of 39.40% year-on-year, achieving 123.54% of the annual operating plan[57]. - The gross profit margin decreased by 2.00 percentage points to 31.77% due to significant increases in raw material prices, particularly oil[58]. - The company's gross profit margin was impacted by a 44.80% increase in operating costs, primarily due to rising raw material prices[52]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[7]. - The company has stated that there are no violations of decision-making procedures regarding external guarantees[7]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[8]. - The company has established a robust information disclosure system, ensuring timely and accurate reporting to all stakeholders[95]. - The company has not faced any penalties from regulatory authorities in the past three years[105]. - The independent directors have maintained their ability to make unbiased decisions, ensuring that their opinions are not influenced by major shareholders[94]. - The company strictly adheres to corporate governance regulations, ensuring compliance with the Company Law and Securities Law, thereby protecting shareholder interests[93]. Research and Development - The company’s R&D expenses increased by 42.84% to 81.66 million RMB, reflecting a commitment to innovation and meeting customer demands[52]. - The company has developed nearly 70 types of photoresist monomers, with 20 new monomers developed in 2022, including 13 types of ArF photoresist monomers[36]. - The company has expanded its product line in the photoresist business, with 26 ArF photoresist products applicable to 14-90nm process nodes, and 30 KrF photoresist products applicable to 14-180nm process nodes[34][35]. - The company established a wholly-owned subsidiary for new materials research, aiming to industrialize existing technological achievements and reserve new technologies[83]. - The company is committed to deepening its layout in new materials R&D and expanding international business[83]. Market Expansion and Strategy - The company plans to expand its product strategy towards high-end, domestic, and new energy directions, with significant growth in sales from new energy vehicle clients[31]. - The company reported a significant quarterly revenue milestone, exceeding RMB 500 million in Q4 2022, driven by policy incentives and increased production for new energy vehicle clients[27]. - The company's international business in Vietnam achieved a sales revenue of approximately RMB 105 million, representing a year-on-year growth of 96.04%, with a profit of approximately RMB 17.05 million, up 406.90%[33]. - The company plans to invest a total of RMB 487.61 million in upgrading its Vietnam production base to a complete process safety airbag bag production line, with an initial investment of USD 7.5 million already in place[33]. - The company is actively pursuing the issuance of convertible bonds to support business development[87]. - The company plans to issue convertible bonds to raise no more than RMB 1.05 billion, primarily for the construction of its Vietnam production base and other projects[38]. - The company is increasing investment in its subsidiary in Vietnam[106]. Risk Management - The company emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting investment risks[6]. - The company has detailed risk factors in the management discussion and analysis section of the report[7]. - The company faces risks related to product quality issues that could lead to significant losses and recalls[89]. - The company is addressing potential risks from intensified market competition and the concentration of major customers[90]. - The company aims to enhance cost management and control to address uncertainties in raw material prices[86]. Corporate Governance - The annual shareholders' meeting held on May 19, 2022, approved all proposed resolutions, demonstrating effective governance practices[96]. - The total remuneration for the independent directors during the reporting period was 11.90 million yuan each, reflecting their commitment to governance[99]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 7.4963 million yuan[104]. - The company has established a compensation scheme for directors, supervisors, and senior management based on local labor market levels and company performance[103]. - The company has a performance-based incentive system for directors and senior management, which is linked to their actual operational performance[103]. - The company has a diverse board with members holding various positions in other organizations, indicating a broad network and expertise[102]. - The company has established a remuneration and assessment committee to oversee compensation matters[103]. Social Responsibility - The company invested ¥892.59 million in environmental protection during the reporting period[145]. - The company generated 78.6 million KWH from its distributed photovoltaic power station, which was connected to the grid in August 2022[148]. - The company reduced carbon emissions by 554 tons through the implementation of clean energy initiatives[149]. - Total donations for social responsibility projects amounted to ¥94.35 million, including cash donations and material contributions[151]. - The company contributed ¥50.52 million towards poverty alleviation and rural revitalization projects, benefiting approximately 54,600 individuals[152]. - The third rural public library "Reading Enjoyment" was established in Sanya, Hainan, with a total investment of CNY 68,559.96, housing 1,853 books[153]. - The library aims to serve over 32,000 local students and residents, promoting lifelong learning and rural revitalization[153]. - The fourth rural library in Shaxi was completed in December 2022, with a total donation of CNY 104,370.75 and 1,400 books procured[154]. Wealth Management - The company has invested a total of RMB 532,950,000 in bank wealth management products using its own funds, with an overdue uncollected amount of RMB 50,000,000[177]. - The company engaged in multiple wealth management entrustments totaling RMB 250 million, with annualized returns ranging from 1.13% to 3.24%[181]. - The highest annualized return achieved was 3.24%, resulting in an actual return of RMB 111,712.47 from a RMB 40 million investment[181]. - The company successfully recovered all invested amounts across all wealth management products, confirming compliance with legal procedures[181]. - The company plans to continue its wealth management strategies in the future, indicating ongoing investment activities[181]. - The company diversified its investment portfolio across different banks, including Industrial Bank, CITIC Bank, and China Construction Bank[181]. Shareholder Structure - The company's total share capital increased from 307,019,706 shares to 320,541,556 shares, reflecting an increase of 4.5%[196]. - The earnings per share (EPS) decreased from 0.673 CNY to 0.645 CNY, a decline of approximately 4.2% due to the increase in total shares[196]. - The net asset value per share decreased from 10.23 CNY to 9.80 CNY, a reduction of about 4.2%[196]. - The largest shareholder, Dongyang Huasheng Enterprise Management Partnership, held 15.36% of shares, totaling 49,228,260 shares[200]. - The second-largest shareholder, Ningbo Xindian Jishi Investment Management Partnership, held 5.91% of shares, totaling 18,956,790 shares[200]. - The company had a total of 13,521,850 shares transferred through incentive mechanisms during the reporting period[195]. - The number of shares held by the top ten shareholders accounted for a significant portion of the total shares, indicating concentrated ownership[200].

华懋（厦门）新材料科技股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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法律责任。 证券代码：603306 证券简称：华懋科技 公告编号：2023-024 会议召开方式：上证路演中心视频直播和网络互动 （网址：http://roadshow.sseinfo.com/） 投资者可于 2023 年 3 月 30 日(星期四)至 4 月 6 日(星期四)16:00 前登录上证 路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@hmtnew.com 进行 提问。公司将在说明会上对投资者普遍关注的问题进行回答。 华懋（厦门）新材料科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 21 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 4 月 7 日上午 10:00-11:30 举行 2022 年度业绩暨现金分红说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥475,539,582.90, representing a year-on-year increase of 62.92%[7] - The net profit attributable to shareholders for Q3 2022 was ¥55,873,259.77, an increase of 37.42% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥51,329,690.54, showing a decrease of 43.85% year-to-date[7] - Total operating revenue for the first three quarters of 2022 reached ¥1,108,401,309.55, a 36.5% increase from ¥811,895,375.12 in the same period of 2021[35] - Net profit attributable to shareholders of the parent company was ¥124,327,856.34, a decrease of 8.5% compared to ¥135,197,623.61 in the previous year[38] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥3,393,267,701.95, reflecting an increase of 8.97% compared to the end of the previous year[9] - Total assets amounted to ¥3,393,267,701.95, up from ¥3,114,068,959.93, reflecting a growth of about 9%[29] - Non-current assets totaled ¥1,684,895,862.26, compared to ¥1,570,248,422.53, indicating an increase of approximately 7.3%[29] - The total liabilities increased to ¥474,795,915.45 from ¥360,321,487.88, showing a growth of 31.8% year-over-year[30] - The total liabilities increased, with accounts payable rising to ¥254,639,138.84 from ¥159,993,052.72, an increase of approximately 59%[29] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥44,201,898.59, down 56.38% compared to the previous year[9] - The company reported a net cash inflow from operating activities of ¥964,837,821.71, compared to ¥750,975,118.77 in the same period last year, reflecting a 28.4% increase[40] - The net cash flow from operating activities was $44.20 million, a decrease of 56.5% compared to $101.32 million in the previous period[44] - Total cash inflow from operating activities reached $1.07 billion, up from $771.80 million, reflecting a growth of 38.2%[44] - The ending cash and cash equivalents balance was $616.53 million, down from $654.60 million, reflecting a decrease of 5.8%[44] Costs and Expenses - Total operating costs for the same period were ¥980,609,591.29, up 48.0% from ¥662,407,927.14 year-over-year[35] - The company faced rising raw material costs, which impacted the growth rate of net profit compared to revenue growth[15] - The company incurred share-based payment expenses of ¥20,082,700.00 in Q3 2022, affecting net profit figures[15] - The company’s financial expenses included interest expenses of ¥976,643.07, compared to ¥808,635.00 in the previous year, indicating increased borrowing costs[35] - Cash paid for employee compensation was $258.91 million, an increase of 37% compared to $189.12 million previously[44] Shareholder Information - Total number of common shareholders at the end of the reporting period was 15,913[20] - The total equity attributable to shareholders of the parent company rose to ¥2,823,017,157.78, up from ¥2,661,529,484.22, marking a 6.1% increase[30] Inventory and Receivables - Accounts receivable increased to ¥449,189,861.40 from ¥324,921,382.64, representing a growth of about 38.5%[28] - Inventory rose significantly to ¥305,467,038.46 from ¥160,679,220.16, marking an increase of approximately 90%[29] - The company reported a significant increase in prepayments, which rose to ¥31,255,735.87 from ¥12,258,383.51, a growth of about 155%[29] Research and Development - Research and development expenses for the first three quarters amounted to ¥55,455,909.54, an increase from ¥38,847,298.66 in the previous year, indicating a focus on innovation[35] Investment Performance - The company reported a decrease in investment income, with a loss of ¥17,954,846.78 compared to a gain of ¥4,629,555.23 in the previous year, indicating challenges in investment performance[35] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[25]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥632,861,726.65, representing a 21.70% increase compared to ¥520,003,696.46 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥68,454,596.57, a decrease of 27.59% from ¥94,540,237.47 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,065,237.69, down 74.25% from ¥85,685,888.80 in the same period last year[22]. - The net cash flow from operating activities increased by 68.38% to ¥141,370,855.57, compared to ¥83,960,699.19 in the previous year[22]. - The total assets as of June 30, 2022, were ¥3,199,035,057.05, reflecting a 2.73% increase from ¥3,114,068,959.93 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were ¥2,733,663,908.94, which is a 2.71% increase from ¥2,661,529,484.22 at the end of the previous year[22]. - The company's gross margin was 31.09%, down 5.8% year-on-year, primarily due to a 27% increase in nylon 66 and a 39% increase in silicone procurement prices[44]. - Basic earnings per share were 0.22 yuan, down 29.03% compared to the same period last year[25]. - The company's total operating costs for the first half of 2022 were ¥581,007,071.98, up 38.7% from ¥418,879,353.86 in the first half of 2021[161]. - Net profit for the first half of 2022 was ¥69,866,422.24, a decrease of 25.8% from ¥94,110,858.53 in the same period of 2021[166]. Revenue Sources and Growth - The company achieved operating revenue of 632.86 million yuan, a year-on-year increase of 21.70%[24]. - Sales revenue from airbag bags reached 446.61 million RMB, a year-on-year increase of 35.07%, with OPW business growing by 72.51%[47]. - The company is focusing on high-end, domestic, and new energy product strategies, with significant growth in sales from new energy vehicle manufacturers[47]. - The company plans to leverage its R&D and customer service advantages to meet the increasing demand from domestic brands, particularly in the new energy vehicle sector[36]. - Government subsidies recognized during the period amounted to approximately 47.03 million yuan, contributing to the overall financial performance[28]. Research and Development - The company has 45 authorized patents, including 5 invention patents, supporting continuous R&D and innovation[41]. - Research and development expenses rose by 33.52% to ¥33.72 million, reflecting the company's commitment to technological innovation and increased R&D activities[55]. - The company is actively developing new technologies in photolithography materials, with 23 Arf photoresists in R&D and 13 Krf photoresists ready for client validation[51]. - The company is developing 15 types of I-line photoresists, with 9 currently undergoing product validation at customer sites[52]. - The company has developed over 60 types of photoresist monomers and 50 types of photoresist resins, with significant new developments in 2022[52]. Investments and Expansion - The company plans to raise up to ¥1.05 billion through convertible bonds to fund projects including the construction of a production base in Vietnam and the expansion of its Xiamen facility[55]. - The company is expanding its production capacity in Vietnam, with sales revenue from the subsidiary increasing by 92.01% to approximately 42.57 million RMB[48]. - The company has invested ¥64 million in Sanya New Heat Technology Co., Ltd., acquiring an 80% stake and consolidating it into its financial statements[63]. - The company approved an additional investment of 75 million USD in its wholly-owned subsidiary in Vietnam, Huamao (Haiphong) New Technical Materials Company Limited, raising the total investment to 87 million USD[67]. - The company is constructing a new project with an annual production capacity of 8,000 tons of photoresist materials, with a total investment of ¥2 billion[53]. Risk Factors - The company has outlined potential risks in the management discussion and analysis section of the report[7]. - The company faces risks related to product quality issues, which could lead to significant losses if major recalls occur[78]. - There is a risk of declining gross margins due to pressure from automakers to reduce prices on components[79]. - Increased competition from multinational companies in the automotive sector may lead to a decline in sales and profitability[79]. - The company has a concentrated customer base, with major clients being a few key suppliers in the automotive safety sector, which poses operational risks[79]. Environmental and Social Responsibility - The company completed the upgrade of its wastewater treatment and reuse system, achieving a reuse rate of over 70%[99]. - The company upgraded its air conditioning system to reduce energy consumption, completing the project in the first half of 2022[100]. - A distributed photovoltaic power station project was completed with an installed capacity of 1.97MW, expected to be operational by August 2022[101]. - The company established a community library in Sanya, with a total investment of approximately 68,559.96 yuan, benefiting around 32,000 local residents[104]. - The company has implemented a sustainable development strategy focusing on carbon neutrality and energy efficiency improvements[98]. Shareholder and Corporate Governance - The company did not distribute profits or increase capital reserves during the reporting period[6]. - The company has outlined a three-year shareholder return plan for 2022-2024, indicating a commitment to shareholder value[86]. - The controlling shareholder, Dongyang Huasheng, has committed to not engaging in any business that competes with the listed company and its subsidiaries for 36 months post-acquisition completion[117]. - The company has established a management system for related party transactions, ensuring that any unavoidable transactions will be conducted at market prices and in compliance with legal requirements[122]. - The company guarantees its independence post-transaction, ensuring that its operational capabilities in personnel, finance, and assets remain unaffected[119].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥632.86 million, representing a 21.70% increase compared to ¥520.00 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥68.45 million, a decrease of 27.59% from ¥94.54 million in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥33.78 million, down 60.58% from ¥85.69 million in the same period last year[22]. - The net cash flow from operating activities increased by 68.38% to approximately ¥141.37 million, compared to ¥83.96 million in the previous year[22]. - The total assets as of June 30, 2022, were approximately ¥3.20 billion, reflecting a 2.73% increase from ¥3.11 billion at the end of the previous year[22]. - The net assets attributable to shareholders increased by 2.71% to approximately ¥2.73 billion, compared to ¥2.66 billion at the end of the previous year[22]. - The company achieved operating revenue of 632.86 million yuan, a year-on-year increase of 21.70%[24]. - The net profit attributable to shareholders was 68.45 million yuan, a decrease of 27.59% year-on-year, primarily due to rising raw material costs and increased share-based payment expenses[25]. - Basic earnings per share were 0.22 yuan, down 29.03% year-on-year, while diluted earnings per share were also 0.22 yuan, reflecting the decline in net profit[25]. - The company’s weighted average return on equity was 2.52%, a decrease of 1.31 percentage points compared to the same period last year[24]. Market and Growth Opportunities - The market for automotive passive safety components is expected to grow due to the increasing market share of domestic brands and the rise of new energy vehicles[36]. - The penetration rate of new energy vehicles reached 21.6%, with sales of new energy passenger vehicles accounting for 24.0% of total passenger vehicle sales[33]. - The company is positioned to capitalize on the demand for personalized products from domestic brands, particularly in the new energy vehicle sector[36]. - The company plans to leverage its R&D and integrated service advantages to respond quickly to the needs of domestic brands, capturing growth opportunities in the market[36]. Production and Innovation - The company has 45 authorized patents, including 5 invention patents, supporting continuous R&D and innovation[41]. - The production capacity for seat belts is projected at 90 million meters, with an actual production of 17.96 million meters, achieving 43.81% of the annual plan[46]. - The company is expanding its production base in Vietnam, with the project progressing steadily after signing land intention agreements[48]. - The company is focused on research and development in new materials technology, including automotive safety systems and electronic components[68]. Financial Management and Investments - The company plans to raise up to ¥1.05 billion through convertible bonds to fund projects including the construction of a production base in Vietnam and the expansion of its Xiamen facility[55]. - The company has invested ¥64 million in Sanya New Heat Technology Co., Ltd., acquiring an 80% stake and consolidating it into its financial statements[63]. - The company is constructing a new project with an annual production capacity of 8,000 tons of photoresist materials, with a total investment of ¥2 billion[53]. - The company approved an additional investment of 75 million USD in its wholly-owned subsidiary in Vietnam, Huamao (Haiphong) New Technical Materials Company Limited, raising the total investment to 87 million USD[67]. Risks and Challenges - The company faces risks related to product quality issues that could lead to significant losses and recalls if major quality problems arise[78]. - There is a risk of declining gross margins due to pressure from automakers to reduce prices, which could impact profitability[79]. - Increased market competition from multinational companies could lead to a decline in sales and profitability for the company[79]. - The company aims to expand into strategic emerging businesses, focusing on smart upgrades and new material research, which may involve investment risks[81]. Corporate Governance and Compliance - The company has established a management system for related party transactions, ensuring compliance with relevant laws and regulations[120]. - The company guarantees its independence post-transaction, maintaining autonomy in personnel, finance, and operations[119]. - The controlling shareholder, Dongyang Huasheng, has committed to not engaging in any business that competes with the listed company and its subsidiaries for 36 months post-acquisition[117]. - The company has not faced any penalties for legal violations during the reporting period[95]. Environmental and Social Responsibility - The company completed the upgrade of its wastewater treatment and reuse system, achieving a reuse rate of over 70%[99]. - The company upgraded its air conditioning system to reduce energy consumption, completing the project in the first half of 2022[100]. - A distributed photovoltaic power station project was completed with an installed capacity of 1.97MW, expected to be operational by August 2022[101]. - The company established a community library in Sanya, with a total investment of approximately 68,559.96 yuan, benefiting around 50,000 local residents[104]. - The company has implemented measures for carbon emission reduction, focusing on structural adjustments and technological innovations[98].

Financial Performance - In 2021, Huamao Technology achieved operating revenue of 1.206 billion yuan, a year-on-year increase of 27.01%[3] - The net profit for 2021 was 176 million yuan, with a year-on-year growth of 16.84% after excluding stock option expenses[3] - The company's total assets and net assets reached 3.114 billion yuan and 2.662 billion yuan respectively, both hitting record highs since its establishment[3] - The company's operating revenue for 2021 was approximately RMB 1.206 billion, an increase of 27.01% compared to RMB 949.5 million in 2020[25] - The net profit attributable to shareholders for 2021 was approximately RMB 176.1 million, a decrease of 12.39% from RMB 201 million in 2020[25] - The net profit after deducting non-recurring gains and losses was approximately RMB 132.1 million, down 30.55% from RMB 190.2 million in 2020[25] - The company's total assets at the end of 2021 were approximately RMB 3.114 billion, an increase of 12.75% from RMB 2.762 billion at the end of 2020[27] - The net assets attributable to shareholders at the end of 2021 were approximately RMB 2.662 billion, an increase of 8.32% from RMB 2.457 billion at the end of 2020[27] - The basic earnings per share for 2021 were RMB 0.571, a decrease of 12.15% compared to RMB 0.65 in 2020[27] - The diluted earnings per share for 2021 were RMB 0.563, down 13.38% from RMB 0.65 in 2020[27] - The weighted average return on equity for 2021 was 6.89%, a decrease of 1.36 percentage points from 8.25% in 2020[27] - The company reported a net cash flow from operating activities of approximately RMB 200.2 million, a decrease of 20.15% from RMB 250.7 million in 2020[25] - Quarterly revenue for Q4 2021 was approximately RMB 394.1 million, showing a strong performance compared to previous quarters[29] Business Expansion and Strategy - The company plans to accelerate the intelligent transformation of its passive safety production lines and incubate new technologies such as wearable smart protective airbags and lightweight automotive materials[5] - The company aims to achieve record high revenue in 2022 and expand its international business through overseas production base construction and talent recruitment[5] - Huamao Technology's strategic goals include deepening its layout in new material research and actively expanding international business[5] - The company’s growth strategy focuses on high-end, domestic, and new energy markets, particularly benefiting from the growth of new energy vehicle manufacturers like Tesla and BYD[4] - The company is currently testing 10 types of I resins in client import tests[40] - The company plans to raise up to 1.05 billion CNY through convertible bonds for expansion and new material R&D, including projects in Vietnam and Xiamen[40] - The company aims to enhance cost management and control by optimizing processes and implementing a flexible raw material procurement plan[105] - The company is accelerating the development of international business, with plans for overseas production base expansion and international client acquisition in 2022[105] - The company is incubating new technologies through its research institute, including wearable smart airbags and lightweight automotive materials, to create a "second growth curve"[105] - The company is actively expanding its photolithography materials production capacity, aiming for completion and trial production of its production base by Q2 2023[106] Investments and Joint Ventures - The company invested in a leading domestic photoresist enterprise, Xuzhou Bokan, and established a joint venture, Dongyang Huaxin, to enhance its position in the photoresist materials sector[4] - The company became the second-largest shareholder of Xuzhou Bokan, holding 26.21% of its shares, with photolithography revenue increasing by 177%[38] - The company holds a 26.73% equity stake in Xuzhou Bokan after converting a convertible loan and additional investment totaling 225.78 million RMB[91] - A joint venture, Dongyang Huaxin, was established with a registered capital of 280 million RMB, where the company holds a 40% stake[92] - The company established a wholly-owned subsidiary, Hainan Huamao Nenghe Technology Co., Ltd., with a registered capital of 150 million RMB[94] - The company’s investment in Xuzhou Bokan totaled 800 million RMB, including a 300 million RMB initial investment[95] Market and Industry Insights - In 2021, China's automotive production and sales reached 26.08 million and 26.275 million units, respectively, with year-on-year growth of 3.4% and 3.8%[41] - The passenger car market maintained a scale of over 20 million units, with production and sales of 21.408 million and 21.482 million units, reflecting year-on-year growth of 7.1% and 6.5%[43] - New energy vehicle sales exceeded 3.54 million units, with a market share of 13.4%, up from 8% the previous year, indicating a 60% year-on-year growth[43] - Chinese brand passenger cars sold 9.543 million units, achieving a market share of 44.4%, an increase of 6% year-on-year[43] - In 2021, automobile exports reached 2.015 million units, doubling year-on-year, with new energy vehicle exports reaching 310,000 units, a threefold increase[45] - The global automotive passive safety products market size was approximately $18 billion in 2021, expected to grow to over $25 billion by 2024[88] Research and Development - The company increased its R&D expenses to 57.17 million RMB, a rise of 23.52% year-on-year, reflecting a commitment to innovation[63] - The company employed 206 R&D personnel, making up 12.31% of the total workforce[78] - The company has established a wholly-owned subsidiary, Dongyang Huamao New Materials Technology Research Institute Co., Ltd., to enhance its R&D capabilities and technology reserves[101] - The company is focusing on expanding its international business to tap into new growth opportunities and customer resources[102] - The company is investing 50 million in R&D for new technologies aimed at enhancing operational efficiency[125] Corporate Governance and Management - The company has proposed to purchase liability insurance for its directors and senior management, enhancing risk management practices[118] - The company has implemented a stock option incentive plan to align management interests with shareholder value[118] - The company has established a salary structure for senior management that includes base salary, performance bonuses, and other allowances, adjusted based on market conditions and company performance[173] - The internal control system was reported to be effective, with no significant deficiencies noted during the reporting period[174] - The company has a structured approach to training, focusing on enhancing professional skills and compliance with legal regulations[153] Social Responsibility and Environmental Commitment - The company donated 200,000 yuan to support educational initiatives in impoverished areas as part of its social responsibility efforts[180] - The company has obtained ISO 14001 and ISO 45001 certifications, emphasizing its commitment to environmental management and occupational health and safety[177] - The company emphasizes employee training and development to enhance skills and maintain employee rights[179] Shareholder Engagement and Dividend Policy - A cash dividend of 1.148 yuan per 10 shares is proposed, totaling 35,245,862.25 yuan to be distributed to shareholders[9] - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profits to be distributed as cash dividends each year[157] - The company plans to distribute cash dividends amounting to at least 10% of the average distributable profit over the next three years (2022-2024) [163] - The board of directors must consider industry characteristics, development stage, operational model, profitability, and major capital expenditure plans when proposing dividend policies [164] - The company has established a policy to communicate with shareholders, especially minority shareholders, through various channels before the dividend proposal is reviewed [164]