Financial Performance - The company's operating revenue for 2018 was RMB 3,209,253,470.66, representing a 7.54% increase compared to RMB 2,984,174,881.39 in 2017[20] - The net profit attributable to shareholders for 2018 was RMB 93,563,902.98, an increase of 9.32% from RMB 85,586,611.90 in 2017[20] - The net cash flow from operating activities for 2018 was RMB 137,460,909.02, a significant improvement compared to a negative cash flow of RMB -101,658,747.14 in 2017[21] - The total assets at the end of 2018 were RMB 1,099,404,977.81, a decrease of 1.47% from RMB 1,115,802,617.36 at the end of 2017[21] - The basic earnings per share for 2018 was RMB 0.54, down 8.47% from RMB 0.59 in 2017[22] - The weighted average return on equity for 2018 was 11.20%, a decrease of 5.01 percentage points from 16.21% in 2017[22] - The company reported a total profit of CNY 11,436,180, with a year-on-year growth of 12.35%[37] - The net profit reached CNY 9,356,390, reflecting a year-on-year increase of 9.32%[37] Cash Flow and Investments - The company reported a cash flow from operating activities of RMB 31.58 million in Q4 2018, following a negative cash flow of RMB 45.35 million in Q1 2018[26] - The company’s cash flow from financing activities was negative CNY 100,635,369.19, a decrease of 125.86% compared to the previous year due to last year's public offering[52] - Net cash flow from investing activities was negative CNY 50,063,768.12, worsening from negative CNY 9,360,661.87 in the previous period[196] Market and Industry Insights - In 2018, the average copper price was RMB 50,689 per ton, reflecting a year-on-year increase of 2.9% but a decrease in growth rate of 26.3 percentage points[31] - The copper industry achieved a total profit of RMB 39.6 billion in 2018, with the copper processing sector contributing RMB 19.3 billion, marking a year-on-year profit increase of 5.8%[31] - The total import and export trade of copper products reached USD 86.8 billion in 2018, with imports increasing by 17.3% to USD 79.8 billion[32] - Domestic copper consumption in 2018 was approximately 1.305 million tons, showing a year-on-year growth of 2.5%, but a decline in growth rate of 4.6 percentage points[32] Research and Development - The company has reduced R&D expenses by 24.08% to CNY 44,169,154.93, while also achieving a significant reduction in financial expenses by 56.26% to CNY 4,371,037.77[39] - Continuous investment in R&D is planned to produce high-value copper foil products, aligning product development with market demands[69] - The company aims to increase investment in technology research and development to improve product quality and enhance core competitiveness[68] Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling RMB 34,832,000.00 for the year 2018[5] - In 2018, the company distributed a cash dividend of 2.0 yuan per 10 shares, totaling 34,832,000 yuan, representing 37.23% of the net profit attributable to shareholders[79] - The company has a cash dividend policy in place, distributing a cash dividend of 0.25 CNY per share and transferring 0.4 shares from capital reserves, totaling 31.1 million CNY in cash dividends[78] Corporate Governance and Compliance - The company has appointed Huapu Tianjian Accounting Firm as its auditor for the 2018 fiscal year, with an audit fee of RMB 700,000[97] - The company has not faced any penalties from securities regulatory agencies in the past three years[148] - The company has implemented strict information disclosure practices, ensuring compliance with the Shanghai Stock Exchange's regulations[157] - The company has prepared and disclosed its internal control self-assessment report, indicating no significant deficiencies in internal controls during the reporting period[162] Employee and Management Information - The company has a total of 528 employees, with 260 in the parent company and 268 in major subsidiaries[149] - The total pre-tax remuneration for executives during the reporting period amounted to 432.97 million yuan[139] - The company emphasizes employee training and encourages participation in continuing education to enhance overall capabilities[151] Risks and Challenges - The company faces risks from exchange rate fluctuations affecting export pricing and raw material costs, and will enhance risk management mechanisms[73] - The company is exposed to raw material price volatility, particularly in electrolytic copper, which significantly impacts operating costs[74] Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[188] - The company aims to optimize product structure and complete fundraising project construction by October 2019, which is crucial for capacity improvement and competitiveness enhancement[69] - The company is considering strategic acquisitions to enhance its product portfolio and market presence[141]

2018 年第三季度报告 公司代码：603527 公司简称：众源新材 安徽众源新材料股份有限公司 2018 年第三季度报告 1 / 21 | 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 | 8 | 2018 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 公司负责人封全虎、主管会计工作负责人王成及会计机构负责人（会计主管人员）王成保证 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 / 21 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 1,131,240,222.96 1,115,802,617.36 1.38 归属于上市公司 股东的净资产 84 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥1,584,148,783.62, representing a 15.11% increase compared to ¥1,376,242,687.06 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2018 was ¥43,113,669.63, up 14.92% from ¥37,514,849.22 in the previous year[17]. - The net cash flow from operating activities increased by 226.81%, reaching ¥36,160,734.13, compared to a negative cash flow of -¥28,515,807.88 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,153,049,580.15, a 3.34% increase from ¥1,115,802,617.36 at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were ¥818,501,643.16, reflecting a 1.47% increase from ¥806,679,671.57 at the end of the previous year[17]. - Basic earnings per share decreased by 37.50% to ¥0.25 from ¥0.40 in the same period last year[19]. - The weighted average return on net assets decreased by 4.40 percentage points to 5.24% from 9.64% in the previous year[19]. Operational Efficiency - The cost of goods sold increased by 17.14%, amounting to ¥1,485,065,414.19, up from ¥1,267,790,433.07 in the previous year[31]. - Research and development expenses decreased by 38.03%, totaling ¥21,193,696.41, down from ¥34,197,597.13 in the previous year[31]. - The company reported a significant reduction in financial expenses by 51.04%, decreasing from ¥5,694,768.78 to ¥2,787,884.08[31]. - The increase in operating costs is primarily due to the rise in the price of electrolytic copper and an increase in sales volume compared to the previous period[33]. - Sales expenses increased due to higher transportation costs and sales personnel salaries resulting from the growth in sales scale[33]. - The decrease in management expenses is attributed to a reduction in R&D expenditure[34]. Market Expansion and Development - The company has developed 11 invention patents and 45 utility model patents, enhancing its technological capabilities in the production of copper foil materials[24]. - The production capacity for copper foil materials has increased from 0.6 million tons per year to 6.5 million tons per year, indicating significant growth in production capabilities[27]. - The company has established 9 offices across major consumption regions in China, expanding its marketing reach and enhancing customer service[28]. - The company employs a pricing model based on the market price of electrolytic copper plus processing fees, which has contributed to revenue growth due to rising raw material prices[25]. - The company aims to increase R&D investment to enhance high-end product development and improve batch quality stability[26]. Risk Management - The company faces risks from fluctuations in raw material prices, particularly electrolytic copper, which significantly impacts operating costs[42]. - The company is actively working to mitigate risks associated with accounts receivable as sales scale expands, which could affect asset structure and operational performance[42]. - The company has strengthened its management of accounts receivable, implementing effective measures to control risks and enhance recovery efforts[43]. - The feasibility analysis of the fundraising investment projects is based on current economic conditions, market environment, and industry trends, with potential risks from adverse market changes[43]. - The company acknowledges the uncertainty in market development and macroeconomic conditions that could impact project implementation and expected returns[43]. Shareholder Commitments and Corporate Governance - The company has commitments from major shareholders and management regarding share transfer restrictions for specified periods, ensuring stability post-IPO[48]. - The company is currently undergoing the re-evaluation process for its high-tech enterprise status, which is crucial for maintaining tax benefits[44]. - The company has committed to not transferring or entrusting the management of its shares for 12 months post-IPO, with a lock-up period extending if share prices fall below the issue price[50]. - The company will initiate share buybacks if the stock price remains below the latest audited net asset value for 20 consecutive trading days within the first 36 months post-IPO[51]. - The total number of shares repurchased will not exceed 10% of the company's total shares, with individual buyback amounts capped at 20% of the total funds raised from the IPO[51]. - The controlling shareholder is obligated to increase their holdings if the stock price remains below the latest audited net asset value for 20 consecutive trading days after the buyback plan is executed[53]. - Directors and senior management are required to use 30% to 50% of their previous year's cash compensation for share purchases under the price stabilization plan[53]. Financial Position and Assets - Total current assets increased to ¥977,045,037.02 from ¥950,601,517.42, representing a growth of approximately 2.9%[96]. - Inventory rose to ¥236,750,893.79, up from ¥207,764,361.89, indicating an increase of about 13.9%[96]. - Total liabilities increased to ¥334,547,936.99 from ¥309,122,945.79, reflecting a rise of approximately 8.2%[98]. - Owner's equity totaled ¥818,501,643.16, up from ¥806,679,671.57, showing a growth of about 1.0%[98]. - Short-term borrowings increased to ¥235,000,000.00 from ¥215,000,000.00, marking a rise of approximately 9.3%[97]. - Accounts receivable decreased to ¥201,047,421.85 from ¥222,257,843.14, a decline of about 9.5%[96]. - Cash and cash equivalents slightly increased to ¥400,525,523.67 from ¥397,418,550.48, a growth of approximately 0.5%[96]. Corporate Social Responsibility - During the reporting period, the company made a donation of ¥14,500 to the "Same Dream, Safe Journey" event organized by the Red Cross Foundation in Anhui Province[66]. - The company actively engaged in poverty alleviation efforts, contributing a total of ¥1.45 million through various initiatives[68]. - The company continues to respond positively to national poverty alleviation initiatives and plans to support related activities in the future[70]. - The company has not incurred any penalties for environmental violations during the reporting period, adhering to relevant environmental protection laws[71]. - The company has not reported any significant environmental issues or changes in its environmental information disclosure during the reporting period[72]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle, with no identified issues affecting the company's ability to continue operations for the next 12 months[129]. - The company adheres to the accounting policies and estimates in accordance with the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[131]. - The accounting period for the company runs from January 1 to December 31 each year[132]. - The company’s normal operating cycle is one year, and its accounting currency is RMB[133][134]. - The company’s financial statements include consolidated financial statements that reflect the entire corporate group as a single accounting entity[137]. - The company has not made any changes to the scope of its consolidated financial statements during the reporting period[127].

Financial Performance - Net profit attributable to shareholders rose by 34.64% to CNY 21,489,252.19 year-on-year[6] - Operating revenue grew by 23.44% to CNY 760,370,904.75 compared to the same period last year[6] - Operating profit increased by 46.30% to ¥24,157,938.15, primarily driven by increased sales volume[12] - Total operating revenue for Q1 2018 was CNY 760,370,904.75, an increase of 23.4% compared to CNY 616,002,430.79 in the same period last year[24] - Operating profit for Q1 2018 reached CNY 24,157,938.15, up 46.2% from CNY 16,513,157.24 in Q1 2017[24] - Net profit attributable to shareholders for Q1 2018 was CNY 21,489,252.19, representing a 34.5% increase from CNY 15,960,497.93 in the previous year[25] - The total comprehensive income for Q1 2018 was CNY 21,489,252.19, up from CNY 15,960,497.93 in Q1 2017, indicating strong financial performance[25] Cash Flow - The net cash flow from operating activities improved significantly, with a reduction in outflow from CNY -72,182,383.15 to CNY -45,345,361.73[6] - Cash flow from operating activities improved significantly, with a net cash flow of -¥45,345,361.73 compared to -¥72,182,383.15 in the previous year[13] - The company reported a net cash flow from operating activities of -45,345,361.73 RMB for Q1 2018, an improvement from -72,182,383.15 RMB in the same period last year, indicating a 37% reduction in cash outflow[29] - Total cash inflow from operating activities was 864,042,728.31 RMB, compared to 688,763,385.37 RMB in the previous year, representing a 25.5% increase[29] - Cash outflow from operating activities totaled 909,388,090.04 RMB, up from 760,945,768.52 RMB, marking a 19.5% increase year-over-year[29] - The company experienced a net cash flow from investing activities of 721,258.48 RMB, a significant recovery from -1,892,119.41 RMB in the previous year[30] - The net cash flow from financing activities was 7,608,901.67 RMB, compared to 51,255,128.07 RMB in the same quarter last year, indicating a 85.1% decline[30] Assets and Liabilities - Total assets increased by 2.94% to CNY 1,148,552,015.81 compared to the end of the previous year[6] - Total current assets increased to ¥988,981,968.86 from ¥950,601,517.42, reflecting a growth in liquidity[17] - Total liabilities increased to ¥320,477,237.17 from ¥309,122,945.79, reflecting a rise in financial obligations[18] - Total equity attributable to shareholders rose to ¥828,074,778.64 from ¥806,679,671.57, indicating improved financial health[18] - Total liabilities increased to CNY 75,161,017.38 in Q1 2018 from CNY 60,452,903.93 in Q1 2017, reflecting a growth of 24.4%[24] - Total equity rose to CNY 678,182,555.58 in Q1 2018, compared to CNY 668,956,237.63 in the same period last year, marking a 1.7% increase[24] Shareholder Information - The number of shareholders reached 17,377 by the end of the reporting period[9] - The top shareholder, Feng Quanhua, holds 34.34% of the shares, totaling 42,723,100 shares[9] Other Financial Metrics - The weighted average return on equity decreased by 1.51 percentage points to 2.63%[6] - Management expenses decreased by 36.55% to ¥13,841,175.09 due to a reduction in R&D expenses[12] - Accounts receivable rose to ¥259,359,703.18 from ¥222,257,843.14, indicating higher sales on credit[16] - Inventory increased to ¥227,322,952.48 from ¥207,764,361.89, suggesting a buildup in stock levels[16] - Other receivables decreased by 63.71% to CNY 424,114.38, primarily due to the receipt of export tax refunds[11] - Other current assets increased by 65.44% to CNY 37,967,518.16, mainly due to an increase in pending input tax certification[11] - The company reported a gross profit margin of approximately 3.1% for Q1 2018, compared to 2.7% in Q1 2017[24] - Operating costs for Q1 2018 were CNY 736,492,872.29, an increase of 23.0% from CNY 599,489,273.55 in the previous year[24] - Earnings per share for Q1 2018 remained stable at CNY 0.17, unchanged from the same period last year[25] - The company recorded other income of CNY 279,905.69 in Q1 2018, contributing to overall profitability[24]

Financial Performance - The company's operating revenue for 2017 was RMB 2,984,174,881.39, representing a 38.53% increase compared to RMB 2,154,104,315.86 in 2016[20] - The net profit attributable to shareholders for 2017 was RMB 85,586,611.90, a 14.90% increase from RMB 74,485,014.36 in 2016[20] - The total profit for 2017 was CNY 10,178,770, with a year-on-year growth of 14.44%, while the net profit reached CNY 8,558,660, marking a 14.90% increase[42] - The basic earnings per share for 2017 was RMB 0.83, a 3.75% increase from RMB 0.80 in 2016[22] - The gross profit margin for the copper strip and foil products was 7.49%, with operating revenue increasing by 38.56% year-on-year[48] Cash Flow and Assets - The net cash flow from operating activities decreased by 243.84% to RMB -101,658,747.14, primarily due to increased raw material costs and higher accounts receivable and inventory[21] - The total assets at the end of 2017 were RMB 1,115,802,617.36, a 71.28% increase from RMB 651,446,997.06 at the end of 2016[21] - The company's net assets attributable to shareholders increased by 113.73% to RMB 806,679,671.57 from RMB 377,435,085.17 in 2016[21] - Cash and cash equivalents at the end of the period were ¥397,418,550.48, representing 35.62% of total assets, a significant increase from the previous year[61] - The company's total sales revenue increased compared to the previous period, leading to an increase in accounts receivable, which reached ¥222,257,843.14, a 50.31% increase from ¥147,871,113.49[62] Research and Development - The company holds 11 invention patents and 45 utility model patents, indicating a strong focus on R&D in the production of copper foil materials[31] - Research and development expenses amounted to CNY 58,179,538.02, reflecting a slight decrease of 3.61% from the previous year[44] - The company aims to enhance its R&D investment to develop high-end products and improve batch quality stability, reflecting a commitment to innovation and shareholder value[33] - The company emphasizes a market-oriented approach to R&D, aiming to maintain a competitive edge through technological advancements[36] Market and Product Strategy - The increase in operating revenue and costs was attributed to the rise in the price of electrolytic copper, which is a key raw material for the company's products[22] - The company has established a diverse product range, covering multiple grades and specifications of copper foil materials, catering to various industries including transformers and semiconductor manufacturing[32] - The company has identified a gap between domestic and international standards in the copper foil processing industry, highlighting opportunities for growth and improvement in technology and production efficiency[32] - The company is focusing on expanding its market presence in high-precision copper materials, which are increasingly in demand due to environmental and energy-saving requirements[68] Risk Management - The company has outlined potential risks in its future development strategy, emphasizing the importance of investor awareness regarding these risks[6] - The company recognizes the risk of raw material price fluctuations, particularly in electrolytic copper, which significantly impacts operating costs[77] - The company is actively managing accounts receivable risks to mitigate potential impacts on asset structure and operational performance[78] - The company is aware of the risks associated with currency fluctuations, which could affect export competitiveness and procurement costs[76] Shareholder and Governance - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling RMB 31,100,000.00, and to increase capital stock by 4 shares for every 10 shares held[5] - The company has established a clear cash dividend policy in accordance with relevant regulations, ensuring the protection of minority investors' rights[81] - The company has committed to not transferring or entrusting its shares for 36 months post-IPO, ensuring stability in shareholding[85] - The company has a profit distribution plan that requires board approval and independent director opinions before submission to the shareholders' meeting[81] Corporate Social Responsibility - The company actively participates in poverty alleviation efforts, donating 100,000 RMB during the reporting period[120] - The company supported one impoverished student with a financial aid of 3,000 RMB[122] - The company plans to continue its active participation in poverty alleviation projects in 2018[123] - The company has implemented environmental protection measures, ensuring compliance with relevant regulations without any penalties during the reporting period[126] Audit and Compliance - The audit opinion confirmed that the financial statements fairly represent the company's financial position as of December 31, 2017[174] - There were no significant lawsuits or arbitration matters reported during the year[110] - The company has not faced any penalties from securities regulatory agencies in the past three years[154] - The company has not disclosed any major related party transactions during the reporting period[112]

2017 年第三季度报告 公司代码：603527 公司简称：众源新材 安徽众源新材料股份有限公司 2017 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2017 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 公司负责人封全虎、主管会计工作负责人王成及会计机构负责人（会计主管人员）王成保证 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 / 21 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 1,158,259,462.19 651,446,997.06 77.80 归属于上市公司股东的净资产 780, ...