浙江三星新材股份有限公司 . 证券代码：603578 证券简称：三星新材 公告编号：临 2020-050 | --- | --- | |------------------------------------------------------------------------|-------| | | | | | | | 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特别是中小投资者的沟通交流，浙江三星新材股份有 限公司（以下简称"公司"）将参加由浙江证监局指导、浙江上市公司协会与深 圳市全景网络有限公司共同举办的"凝心聚力 共克时艰"辖区上市公司投资者 网上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台举行，投 资者可登录"全景﹒路演天下"网站（http://rs.p5w.net）参与公司本次投资 者网上集体接待日活动，活动时间为 2020 年 5 ...

Financial Performance - Net profit attributable to shareholders rose by 14.95% to CNY 18,172,341.47 year-on-year[6] - Operating revenue decreased by 12.64% to CNY 84,583,226.11 compared to the same period last year[6] - Basic and diluted earnings per share increased by 16.67% to CNY 0.21 per share[6] - Total operating revenue for Q1 2020 was ¥84,583,226.11, a decrease of 12.5% compared to ¥96,822,964.02 in Q1 2019[24] - Net profit for Q1 2020 reached ¥18,172,341.47, an increase of 15.5% from ¥15,808,983.78 in Q1 2019[26] - The company’s total comprehensive income for Q1 2020 was CNY 17,885,220.29, compared to CNY 15,664,916.64 in Q1 2019, marking an increase of 14.0%[30] Assets and Liabilities - Total assets increased by 2.30% to CNY 952,929,200.88 compared to the end of the previous year[6] - The company's total assets as of March 31, 2020, amounted to ¥952,929,200.88, an increase from ¥931,536,904.70 at the end of 2019[19] - The total liabilities of the company were ¥300,038,272.51, slightly up from ¥298,308,232.06 at the end of 2019[19] - Total liabilities for Q1 2020 were ¥304,761,495.24, slightly increased from ¥301,457,752.28 in Q1 2019[23] - The company’s total equity attributable to shareholders increased to ¥652,890,928.37 from ¥633,228,672.64 at the end of 2019[19] - Total equity for Q1 2020 was ¥652,853,547.81, compared to ¥633,478,413.26 in Q1 2019, reflecting a growth of 3.1%[23] Cash Flow - The net cash flow from operating activities was negative at CNY -990,581.64, a decline of 101.61% year-on-year[6] - In Q1 2020, the company reported a net cash flow from operating activities of -¥990,581.64, a decrease of 101.61% compared to Q1 2019[14] - Cash flow from operating activities showed a net outflow of CNY 990,581.64, contrasting with a net inflow of CNY 61,505,205.85 in Q1 2019[32] - The company reported cash and cash equivalents at the end of Q1 2020 amounting to CNY 150,221,911.76, a decrease from CNY 223,412,795.69 at the beginning of the quarter[32] - The company recorded a cash flow from financing activities net amount of 9,674,500.00 RMB[34] Investments and Receivables - The company reported a significant increase in accounts receivable by 396.87% to CNY 37,788,211.30 due to increased bank acceptance settlements[13] - Investment income increased by ¥717,821.03, reaching ¥5,437,344.79, primarily due to increased income from entrusted loans during the reporting period[14] - The company recorded investment income of CNY 5,437,344.79 in Q1 2020, significantly higher than CNY 717,821.03 in the same quarter last year[29] Expenses - Research and development expenses for Q1 2020 were ¥2,937,200.27, down from ¥3,646,911.75 in Q1 2019, indicating a reduction of 19.5%[25] - Sales expenses decreased to CNY 3,110,570.72 from CNY 3,733,845.95, reflecting a reduction of 16.6% year-over-year[29]

Financial Performance - The company's operating revenue for 2019 was CNY 340,031,384.86, representing a 4.08% increase compared to CNY 326,713,549.39 in 2018[20] - The net profit attributable to shareholders of the listed company was CNY 61,598,251.41, a 2.57% increase from CNY 60,052,365.99 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 51,062,840.51, showing a decrease of 5.88% from CNY 54,255,014.03 in 2018[20] - The total assets of the company increased by 46.64% to CNY 931,536,904.70 at the end of 2019, compared to CNY 635,266,551.68 at the end of 2018[20] - The net assets attributable to shareholders of the listed company rose by 17.33% to CNY 633,228,672.64 at the end of 2019, up from CNY 539,707,231.48 in 2018[20] - The basic earnings per share for 2019 was CNY 0.70, a 2.94% increase from CNY 0.68 in 2018[21] - The diluted earnings per share also stood at CNY 0.70, reflecting the same growth rate as the basic earnings per share[22] - The company reported a net cash flow from operating activities of CNY 245,315,676.47, a significant recovery from a negative cash flow of CNY -9,783,021.79 in 2018[20] - The company reported a total of CNY 10.54 million in non-recurring gains and losses for 2019, with government subsidies contributing CNY 2.45 million[26] - The gross profit margin improved by 3.13 percentage points to 32.28% compared to the previous year[50] Shareholder and Stock Information - The company plans to distribute a cash dividend of CNY 2.1 per 10 shares (including tax) to all shareholders for the 2019 fiscal year[5] - The company issued "Three Stars Convertible Bonds" on June 6, 2019, with a conversion period starting from December 6, 2019, resulting in an increase in total shares to 89,550,803[8] - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing, with strict adherence to this commitment[83] - If the company's stock price falls below the issue price for 20 consecutive trading days within 6 months post-listing, the lock-up period for shares will automatically extend by 6 months[83] - The company will repurchase shares if the prospectus contains false statements or omissions that materially affect the judgment of compliance with legal issuance conditions[85] - The company plans to implement a share repurchase program, with the total amount not exceeding 30% of the audited net profit attributable to shareholders from the previous fiscal year[87] - The controlling shareholders have committed to increase their holdings if the stock price falls below the audited net asset value per share from the previous fiscal year[88] Operational and Business Strategy - The company operates in the "C30 Non-metallic Mineral Products Industry" and primarily serves the refrigeration and home appliance sectors[33] - The company utilizes a direct sales model to supply various glass products to well-known home appliance manufacturers[32] - The company has established stable relationships with suppliers to ensure the quality and timely delivery of raw materials[32] - The production model is customized based on customer orders, with production plans organized according to sales department input[32] - The company plans to actively expand into various glass deep processing fields while maintaining its leading position in low-temperature storage equipment glass door manufacturing[71] - The company aims to strengthen R&D investment to develop new products in the glass deep processing industry, maintaining industry leadership[72] Research and Development - The company has accumulated a total of 37 patents, including 18 invention patents and 19 utility model patents by the end of 2019[41] - Research and development expenses totaled ¥14,029,279.01, accounting for 4.13% of total revenue[56] - The total number of R&D personnel was 57, representing 12.47% of the company's total workforce[56] - The company has been involved in the development of low-radiation coated glass, showcasing its commitment to innovation[165] Risk Management - The company recognizes risks from fluctuations in the refrigeration and home appliance industry, which significantly impact its performance due to high customer concentration[73] - The company is exposed to raw material price volatility, which can impact gross margins and profitability, despite efforts to align product pricing with raw material costs[75] - The company has faced operational impacts due to the COVID-19 pandemic, with delayed resumption of work in upstream and downstream enterprises[75] - The company intends to mitigate risks by enhancing R&D, improving product quality, and developing new products to maintain market leadership[73] Corporate Governance and Compliance - The company has appointed Tianjian Accounting Firm as its auditor for the 2019 fiscal year, with an audit fee of 6.89 million RMB[97] - The company has not faced any penalties from securities regulatory authorities in the past three years[171] - The company strictly adhered to information disclosure regulations, ensuring timely and accurate information for all shareholders[179] - The audit report confirmed that the financial statements fairly represent the company's financial position and operating results for the year ended December 31, 2019[191] Social Responsibility - The company has actively participated in social responsibility initiatives, including poverty alleviation efforts and educational support for students[116] - The company has established partnerships for rural revitalization, signing agreements to support economically weak villages[116] - The company has committed to ongoing poverty alleviation strategies, aligning with national policies for rural development[116] Employee and Management Information - The total remuneration for all directors, supervisors, and senior management was 1.6081 million yuan[170] - The number of employees in the parent company was 461, with a total of 509 employees across the parent and major subsidiaries[172] - The company has established a training system to enhance employee competency, combining internal and external training[174] - The company has a diverse management team with experience in various sectors, including finance, technology, and sales[165]

. 证券代码：603578 证券简称：三星新材 公告编号：临 2019-086 浙江三星新材股份有限公司 | --- | --- | |------------------------------------------------------------------------|-------| | | | | 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个别及连带责任。 | | 为进一步加强与投资者的沟通交流，浙江三星新材股份有限公司（以下简称 "公司"）将参加由浙江证监局指导、浙江上市公司协会与深圳市全景网络有限 公司共同举办的"沟通促发展 理性共成长"辖区上市公司投资者网上集体接待 日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台举行，投 资者可登录"全景﹒路演天下"网站（http://rs.p5w.net）参与公司本次投资 者网上集体接待日活动，活动时间为 2019 年 11 月 5 日（星期二）15:30～17:00。 届时公司董事长、董事会秘书、财务负责人将通过网 ...

Financial Performance - Operating revenue decreased by 4.23% to CNY 248,027,682.15 for the first nine months of the year[7] - Net profit attributable to shareholders decreased by 6.78% to CNY 46,986,641.29 for the first nine months[7] - The weighted average return on equity decreased by 1.41 percentage points to 8.44%[7] - Basic earnings per share decreased by 7.02% to CNY 0.53[7] - Total operating revenue for Q3 2019 was $57.90 million, a decrease of 9.6% compared to $64.14 million in Q3 2018[25] - Net profit for Q3 2019 was $10.81 million, a decline of 26.5% from $14.60 million in Q3 2018[26] - Total profit for Q3 2019 was $11.48 million, down 27.5% from $15.80 million in Q3 2018[26] - The total profit for the first three quarters of 2019 was ¥49,443,898.97, down from ¥56,089,126.87 in the same period of 2018[29] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 186,242,089.91, compared to a negative cash flow of CNY -19,734,222.27 in the same period last year[7] - Cash flow from operating activities for the first three quarters of 2019 was ¥186,242,089.91, a significant improvement from a negative cash flow of ¥19,734,222.27 in the same period of 2018[31] - Net cash flow from financing activities improved significantly to CNY 164,494,286.32 from a net outflow of CNY 17,746,450.00 in the previous year[15] - Cash inflow from financing activities was CNY 185,265,000.00, a substantial increase from CNY 20,000,000.00 in the previous year[34] - The company reported a cash inflow of CNY 8,884,320.00 from tax refunds, slightly down from CNY 9,321,588.33 in the previous year[34] Assets and Liabilities - Total assets increased by 34.63% to CNY 855,253,323.47 compared to the end of the previous year[7] - Total liabilities amounted to CNY 248,479,828.17, up from CNY 95,135,652.80, indicating a significant increase of about 161.5%[23] - Shareholders' equity totaled CNY 610,150,807.98, compared to CNY 542,617,503.71, reflecting an increase of approximately 12.4%[24] - Total current liabilities were CNY 93,378,479.57, slightly up from CNY 92,392,246.56, indicating a marginal increase of about 1.1%[23] - Non-current liabilities totaled CNY 155,101,348.60, a significant increase from CNY 2,743,406.24, indicating a growth of approximately 5,548.5%[23] Shareholder Information - The total number of shareholders reached 10,258 at the end of the reporting period[10] - The largest shareholder, Yang Min, holds 34.40% of the shares, with 30,808,800 shares pledged[10] Expenses - The company reported a 109.96% increase in management expenses, totaling CNY 15,788,735.24, attributed to increased equity incentive expenses[15] - Research and development expenses for Q3 2019 were $2.50 million, a decrease of 16.6% from $2.99 million in Q3 2018[25] Other Income and Investments - The company reported non-operating income of CNY 2,479,558.89 for the current period[9] - Investment income rose by 1,017.13% to CNY 2,109,940.47, driven by higher interest from entrusted loans and bank wealth management products[15] - The company reported a significant increase in financial asset impairment losses, totaling $2.03 million in Q3 2019, compared to a loss of $50,397.50 in Q3 2018[26] Changes in Assets - Accounts receivable decreased by 72.81% to CNY 46,324,978.77 from CNY 170,382,484.11, primarily due to an increase in discounted notes and matured acceptance[14] - Other receivables surged by 29,618.26% to CNY 200,363,010.58 from CNY 674,208.43, mainly due to an increase in entrusted loans[14] - Cash and cash equivalents increased to CNY 43,316,292.11 from CNY 35,188,657.97, showing a growth of about 23.4%[22] - Inventory decreased to CNY 40,282,531.07 from CNY 46,085,851.85, representing a decrease of about 13.0%[22] Company Developments - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company has implemented new financial instrument standards effective from January 1, 2019, impacting accounting policies[43]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥190,122,693.95, a decrease of 2.42% compared to ¥194,837,107.20 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥36,178,170.00, representing a slight increase of 1.04% from ¥35,805,494.54 year-on-year[17]. - The basic earnings per share remained stable at ¥0.41, unchanged from the same period last year[18]. - Operating revenue for the current period is ¥190,122,693.95, a decrease of 2.42% compared to the previous year[38]. - Net profit for the first half of 2019 was CNY 36,178,170.00, slightly up from CNY 35,805,494.54 in the same period of 2018, indicating a growth of 1.0%[116]. - The company reported a total comprehensive income of CNY 35,029,550.37, contributing to the overall increase in equity[136]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to ¥72,761,222.82, compared to a negative cash flow of -¥33,608,221.79 in the previous year[17]. - Cash and cash equivalents at the end of the period amounted to ¥275,165,674.01, representing 33.03% of total assets, a significant increase from 3.58% in the previous year[39]. - The company has increased its investment in construction projects, with construction in progress rising by 292.47% to ¥60,923,226.42[39]. - Cash flow from operating activities generated CNY 72.76 million, a significant improvement from a negative cash flow of CNY -33.61 million in the first half of 2018[123]. - Cash inflow from financing activities reached RMB 185,265,000.00, a substantial increase from RMB 20,000,000.00 in the same period last year[127]. Assets and Liabilities - Total assets increased by 31.14% to ¥833,077,753.52 from ¥635,266,551.68 at the end of the previous year[17]. - As of June 30, 2019, total liabilities amounted to RMB 237,132,295.40[89]. - The company's total liabilities to equity ratio increased to approximately 39.8% as of June 30, 2019, compared to 17.7% at the end of 2018, indicating a higher leverage position[109]. - The company's equity attributable to shareholders was RMB 595,945,458.12 as of June 30, 2019, up from RMB 539,707,231.48 at the end of 2018, showing an increase of approximately 10.4%[109]. Research and Development - As of June 30, 2019, the company held a total of 35 patents, including 18 invention patents and 17 utility model patents, reflecting its commitment to R&D[35]. - Research and development expenses for the first half of 2019 were CNY 7,135,886.56, compared to CNY 6,564,668.30 in the same period of 2018, showing an increase of about 8.7%[116]. - The company is focused on developing high value-added new products through a combination of joint development with customers and independent R&D, while controlling production costs through process optimization and automation[50]. Risk Management - The company has outlined potential risks in its operations, which are detailed in the report[5]. - The company faces risks from high customer concentration, as major clients account for a significant portion of revenue, which could impact performance if any client experiences difficulties[48]. - The company is exposed to risks from raw material price fluctuations, primarily glass, door fittings, packaging materials, and plastics, which significantly affect its performance[49]. Corporate Governance and Compliance - The company did not report any non-operating fund occupation by controlling shareholders or related parties[5]. - There are no significant lawsuits or arbitration matters during the reporting period[65]. - The company and its controlling shareholders have maintained a good integrity status, with no unfulfilled court judgments or significant debts unpaid during the reporting period[66]. Shareholder Information - The company approved the first phase of the restricted stock incentive plan, granting 1.55 million shares at a price of RMB 9.365 per share on December 5, 2018[67]. - The total number of shares increased from 88 million to 89.55 million, with the registered capital rising from RMB 880 million to RMB 895.5 million[68]. - The top ten shareholders include Yang Min with 30,808,800 shares (34.40%) and Yang A Yong with 25,291,200 shares (28.24%), both of whom have pledged their shares[99]. Social Responsibility - The company donated RMB 26,000 for targeted poverty alleviation in the first half of 2019[76]. - The company is actively implementing targeted poverty alleviation through employment, education, and economic support initiatives[78]. - The company has committed to fulfilling its social responsibility through various poverty alleviation methods[74]. Accounting Policies - The company has implemented changes to accounting policies and estimates in accordance with the new financial instrument standards effective from January 1, 2019[93]. - The financial report has been approved by the board of directors on August 27, 2019, ensuring compliance with relevant regulations[140]. - The company does not have any significant changes in accounting policies or prior period error corrections during this period[136].

Financial Performance - Net profit attributable to shareholders decreased by 8.46% to CNY 15,808,983.78 year-on-year[7] - Operating revenue rose by 12.84% to CNY 96,822,964.02 compared to the same period last year[7] - Basic and diluted earnings per share both decreased by 10% to CNY 0.18[7] - Net profit for Q1 2019 was CNY 15,808,983.78, a decrease of 8.4% from CNY 17,269,922.33 in Q1 2018[28] - Operating profit for Q1 2019 was CNY 17,609,024.55, a decrease of 11.0% from CNY 19,801,182.68 in Q1 2018[31] - Net profit for Q1 2019 was CNY 15,664,916.64, down 11.5% from CNY 17,700,801.71 in Q1 2018[31] Assets and Liabilities - Total assets increased by 1.93% to CNY 647,532,752.42 compared to the end of the previous year[7] - The total assets as of March 31, 2019, amounted to CNY 650,449,700.61, an increase from CNY 637,753,156.51 at the end of 2018[24] - The total liabilities decreased to CNY 89,148,837.16 from CNY 95,559,320.20, reflecting a reduction in short-term borrowings[20] - Total liabilities as of March 31, 2019, were CNY 89,299,580.26, down from CNY 95,135,652.80 at the end of 2018[24] - Shareholders' equity as of March 31, 2019, was CNY 561,150,120.35, an increase from CNY 542,617,503.71 at the end of 2018[24] Cash Flow - Net cash flow from operating activities improved significantly to CNY 61,505,205.85, compared to a negative CNY 16,262,823.25 in the previous year[7] - Cash flow from operating activities for Q1 2019 was CNY 61,505,205.85, a significant improvement from a negative cash flow of CNY 16,262,823.25 in Q1 2018[34] - The company reported a net cash outflow from investment activities of CNY 12,179,188.91 in Q1 2019, contrasting with a net inflow of CNY 182,255,859.08 in Q1 2018[34] - The net cash flow from financing activities in Q1 2019 was ¥4,889,800.00, compared to cash outflow of ¥15,110,200.00 in Q1 2018, showing a positive shift in financing strategy[37] Accounts Receivable and Inventory - Accounts receivable increased by 51.91% to CNY 148,311,372.47, attributed to increased operating revenue[13] - Accounts receivable decreased to CNY 232,374,368.37 from CNY 261,914,510.16 year-over-year[23] - The company's inventory decreased to ¥35,867,884.99 from ¥46,539,202.58, suggesting better inventory management[18] - Inventory as of March 31, 2019, was CNY 35,553,569.26, down from CNY 46,085,851.85 at the end of 2018[23] Expenses - The company's management expenses rose by 145.59% to ¥5,242,882.40, primarily due to increased equity incentive expenses[19] - Research and development expenses for Q1 2019 were CNY 3,646,911.75, compared to CNY 3,020,178.20 in Q1 2018, indicating a 20.8% increase[27] - The company incurred sales expenses of CNY 3,733,845.95 in Q1 2019, slightly up from CNY 3,533,421.85 in Q1 2018[31] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 182,160.20, contributing to non-operating income[9] Shareholder Information - The total number of shareholders reached 11,009, with the top ten shareholders holding a significant portion of shares[10]

Financial Performance - The company's operating revenue for 2018 was CNY 326,713,549.39, representing a year-on-year increase of 9.29% compared to CNY 298,949,307.16 in 2017[21]. - The net profit attributable to shareholders of the listed company was CNY 60,052,365.99, an increase of 8.48% from CNY 55,357,457.73 in the previous year[21]. - The company's operating profit totaled CNY 66.88 million, a 9.52% increase year-on-year[44]. - The diluted earnings per share for 2018 was CNY 0.68, a 3.03% increase from CNY 0.66 in 2017[23]. - The gross profit margin for the main business was 29.15%, with a slight increase of 0.47 percentage points year-on-year[50]. - The company reported a total of 72,158.23 million RMB in related party transactions, with a significant portion being sales to Qingdao Wei Lian Company, amounting to 69,313.4 million RMB, representing 1.45% of the total[105]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 9,783,021.79, a decrease of 126.87% compared to a positive CNY 36,407,774.08 in 2017[21]. - The total assets at the end of 2018 were CNY 635,266,551.68, reflecting a growth of 5.52% from CNY 602,042,018.12 at the end of 2017[21]. - The net cash flow from investing activities increased by 116.71% to ¥39,155,800, primarily due to the recovery of financial products[58]. - The accounts receivable increased significantly to CNY 268,010,411.76 from CNY 186,294,680.14, reflecting a growth of approximately 43.8%[198]. - The inventory balance was RMB 48,228,355.31, with a provision for inventory write-down of RMB 1,689,152.73, resulting in a net book value of RMB 46,539,202.58[189]. Shareholder and Stock Information - The company has established a cash dividend policy, committing to distribute no less than 20% of the distributable profits to shareholders annually from 2018 to 2020, provided the net profit is positive[77]. - In 2018, the company distributed cash dividends amounting to approximately 60 million RMB, representing 31.32% of the net profit attributable to shareholders[79]. - The total number of ordinary shares increased from 88 million to 89.55 million due to the granting of 1.55 million restricted shares to 43 incentive targets[132]. - The top shareholder, Yang Min, holds 30,808,800 shares, representing 34.40% of the total shares, with 18,560,000 shares pledged[141]. - The company has committed to transparency in its shareholding changes, requiring at least three trading days' notice before any major shareholder reduces their holdings[92]. Research and Development - Research and development expenses amounted to CNY 12.98 million, representing 3.97% of operating revenue[42]. - The company obtained 5 new patents during the reporting period, bringing the total to 38 patents, including 17 invention patents[42]. - The company emphasizes the development of high-value-added new products and aims to increase their sales proportion through a combination of joint development with clients and independent R&D efforts[74]. Market and Business Strategy - The company plans to continue expanding its market presence and developing new products, although specific future projections were not disclosed[6]. - The company focuses on the design, R&D, production, and sales of low-temperature storage equipment glass doors and deep-processed glass products, primarily serving the refrigeration and home appliance industries[34]. - The company has established partnerships with well-known home appliance manufacturers, enhancing its market foundation and brand reputation[39]. - The company plans to maintain its leading position in the low-temperature storage equipment glass door market while actively exploring various glass deep processing fields[69]. Risk Management - The company faces risks from fluctuations in the refrigeration and home appliance industry, which significantly impact its operating performance[71]. - The company has a high customer concentration risk, relying heavily on major domestic appliance manufacturers for revenue[72]. - The company is exposed to risks from fluctuations in raw material prices, which significantly impact its performance; it aims to manage this risk through refined production management and strategic supplier partnerships[73]. Corporate Governance - The company has appointed Tianjian Accounting Firm as its auditor for the 2018 fiscal year, with an audit fee of 600,000 RMB[99]. - The audit committee held 6 meetings during the reporting period to review and supervise the company's periodic reports, financial reports, and special reports on raised funds[177]. - The company has implemented stock incentive plans for several executives, resulting in share increases for Wang Xue Yong, Zhang Jin Zhu, Yang Peizhu, and Xu Fen[154]. - The company has maintained stable shareholding structures among its senior management, with no significant changes in shareholdings for most directors[154]. Social Responsibility - The company is actively engaging in social responsibility initiatives, particularly in poverty alleviation and rural development[120]. - The company invested 200,000 RMB in poverty alleviation efforts during the reporting period[121]. - The company signed a partnership agreement with a village to support rural revitalization initiatives[121].

Financial Performance - The company's operating revenue for 2018 was CNY 326,713,549.39, representing a year-on-year increase of 9.29% compared to CNY 298,949,307.16 in 2017[21]. - The net profit attributable to shareholders for 2018 was CNY 60,052,365.99, an increase of 8.48% from CNY 55,357,457.73 in 2017[21]. - The diluted earnings per share for 2018 was CNY 0.68, a 3.03% increase from CNY 0.66 in 2017[23]. - The company's operating profit totaled CNY 66.88 million, a 9.52% increase year-on-year[44]. - The gross profit margin for the main business was 29.15%, reflecting an increase of 0.47 percentage points year-on-year[50]. - The company's total revenue for Q1 was approximately ¥85.80 million, Q2 was ¥109.03 million, Q3 was ¥64.14 million, and Q4 was ¥67.74 million[26]. - The net profit attributable to shareholders for Q1 was approximately ¥17.27 million, Q2 was ¥18.54 million, Q3 was ¥14.60 million, and Q4 was ¥9.65 million[26]. - The company's total operating revenue for the year reached CNY 321,937,605.75, an increase of 8.15% compared to the previous year[50]. Cash Flow and Assets - The net cash flow from operating activities for 2018 was negative CNY 9,783,021.79, a decrease of 126.87% compared to a positive CNY 36,407,774.08 in 2017[21]. - The company's cash flow from operating activities showed a significant decline, with a net outflow of CNY 9.78 million[46]. - Total assets at the end of the period were CNY 268,010,411.76, which accounted for 42.19% of total assets[60]. - As of December 31, 2018, the total assets amounted to 635.27 million RMB, while total liabilities were 95.56 million RMB, showing an increase in assets and a decrease in liabilities compared to the previous period[137]. - Total liabilities decreased to RMB 95,559,320.20 from RMB 105,793,352.63, a reduction of about 9.5%[198]. - Shareholders' equity rose to RMB 539,707,231.48 from RMB 496,248,665.49, reflecting an increase of approximately 8.7%[199]. Research and Development - Research and development expenses amounted to CNY 12.98 million, representing 3.97% of operating revenue[42]. - The company obtained 5 new patents during the reporting period, bringing the total to 38 patents, including 17 invention patents[42]. - The company emphasizes the importance of independent R&D and product development capabilities to maintain a competitive edge in the market[66]. - The company is focused on enhancing its competitive advantage and gross margin levels by gradually increasing the sales proportion of high-end and new glass door products[73]. Market Strategy and Operations - The company plans to continue expanding its market presence and developing new products, as indicated in its forward-looking statements[6]. - The company focuses on the design, R&D, production, and sales of low-temperature storage equipment glass doors and deep-processed glass products, primarily serving the refrigeration and home appliance industries[33]. - The company adopts a customized order production model based on customer demand, ensuring timely production and delivery[34]. - The company has established stable relationships with qualified suppliers to ensure the quality and timely delivery of raw materials[33]. - The company has established partnerships with well-known home appliance manufacturers, enhancing its market foundation and brand reputation[39]. Shareholder and Stock Information - The company completed the first grant of restricted stock on December 19, 2018, granting 1,550,000 shares, increasing the total share capital from 88 million to 89.55 million shares[8]. - The profit distribution plan for 2018 includes a cash dividend of CNY 2.1 per 10 shares, totaling CNY 18,805,500[5]. - The company has established a cash dividend policy, committing to distribute no less than 20% of the distributable profits to shareholders annually from 2018 to 2020, provided the net profit is positive[77]. - In 2018, the company distributed cash dividends amounting to approximately 60 million RMB, representing a payout ratio of 31.32% of the net profit[79]. Risk Management - The company faces risks from fluctuations in the refrigeration and home appliance industry, which significantly impact its operating performance[71]. - The company has a high customer concentration risk, relying heavily on a few major domestic appliance manufacturers for revenue[72]. - The company is exposed to risks from fluctuations in raw material prices, which significantly impact its performance; it aims to manage this risk through strategic supplier partnerships and production cost control measures[73]. Corporate Governance - The company has implemented a restricted stock incentive plan in 2018 to align the interests of shareholders, the company, and management, enhancing employee motivation[179]. - The board of directors consists of 9 members, including 3 independent directors, and has established four specialized committees to provide professional opinions for decision-making[171]. - The independent directors provided written pre-approval and independent opinions on the adjustment of the convertible bond issuance plan, ensuring compliance with necessary decision-making procedures[106]. - The company strictly adheres to legal regulations for information disclosure, ensuring timely and accurate communication with shareholders[172]. Social Responsibility - The company has signed a partnership agreement for poverty alleviation with a village, demonstrating its commitment to social responsibility[120]. - The company actively engaged in social responsibility initiatives, including tax payments and community support, although specific financial figures were not disclosed[124]. - The company plans to implement targeted poverty alleviation strategies, although specific financial commitments were not detailed[124].

Financial Performance - Operating revenue for the first nine months was CNY 258,973,535.32, representing a year-on-year increase of 16.23%[6] - Net profit attributable to shareholders for the first nine months was CNY 50,403,442.09, up 17.83% year-on-year[6] - Basic and diluted earnings per share increased by 11.76% to CNY 0.57[7] - Total operating revenue for Q3 2018 was ¥64,136,428.12, an increase of 4.6% compared to ¥60,363,278.19 in Q3 2017[24] - Net profit for Q3 2018 reached ¥14,597,947.55, representing a 9.8% increase from ¥13,289,257.19 in Q3 2017[25] - Year-to-date net profit for the first nine months of 2018 was ¥50,403,442.09, an increase of 17.5% from ¥42,775,956.26 in the same period of 2017[25] - Operating profit for Q3 2018 was CNY 15,522,867.76, compared to CNY 14,581,996.25 in Q3 2017, indicating an increase of approximately 6.5%[27] - The company reported a net profit of CNY 14,317,541.01 for Q3 2018, up from CNY 13,445,970.23 in Q3 2017, which is an increase of about 6.5%[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 591,417,954.79, a decrease of 1.76% compared to the end of the previous year[6] - Total assets decreased to CNY 591,417,954.79 from CNY 602,042,018.12, indicating a reduction in overall asset base[17] - Total liabilities decreased to CNY 62,365,847.21 from CNY 105,793,352.63, reflecting a reduction in financial obligations[18] - Total liabilities for Q3 2018 were ¥61,536,190.61, down from ¥104,664,448.89 in the previous period, indicating a reduction of 41.2%[22] - The company's retained earnings increased to CNY 156,720,216.56 from CNY 123,916,774.47, indicating improved profitability[18] Cash Flow - Net cash flow from operating activities improved by 12.99% to CNY -19,734,222.27 compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2018 was CNY 183,479,597.37, compared to CNY 141,292,888.50 in the same period of 2017, representing a growth of approximately 29.9%[30] - Operating cash inflow for Q3 2018 totaled ¥202,714,496.93, an increase from ¥152,851,637.98 in the previous year, representing a growth of approximately 32.6%[31] - Net cash flow from investment activities was CNY 60,178,697.69, a significant increase of 202.48% compared to -CNY 58,721,882.53 in the previous year[13] - Total cash and cash equivalents at the end of Q3 2018 stood at ¥30,020,417.05, down from ¥123,875,446.68 in the previous year[32] - Cash inflow from financing activities was ¥20,000,000.00, a decrease from ¥243,470,000.00 in the previous year[32] - Net cash flow from financing activities was negative at ¥17,746,450.00, contrasting with a positive cash flow of ¥192,780,653.05 in the previous year[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,059[10] - The largest shareholder, Yang Min, holds 35.01% of the shares, with 12,600,000 shares pledged[11] Other Financial Metrics - The weighted average return on equity decreased by 0.5 percentage points to 9.85%[7] - The company reported non-operating income of CNY 369,280.65 for the first nine months[9] - Accounts receivable and notes receivable increased by 39.39% to CNY 259,676,311.46 from CNY 186,294,680.14, primarily due to increased operating income and higher acceptance payments from customers[12] - Construction in progress rose significantly by 502.84% to CNY 25,881,492.40 from CNY 4,293,261.42, mainly due to increased investment in fundraising projects[12] - Other payables decreased by 78.71% to CNY 7,507,775.78 from CNY 35,262,785.10, primarily due to payments for equity acquisitions[12] - Tax and additional charges increased by 34.28% to CNY 1,942,105.66 from CNY 1,446,293.86, reflecting growth in operating income[12] - Investment income decreased by 47.77% to CNY 188,870.86 from CNY 361,643.83, mainly due to losses from investments in Qingdao Weisheng Electronics[12] - Research and development expenses for Q3 2018 were ¥2,996,461.51, up from ¥2,704,663.61 in Q3 2017, indicating a year-over-year increase of 10.8%[25] - The basic and diluted earnings per share for Q3 2018 were both CNY 0.17, compared to CNY 0.15 in Q3 2017, reflecting a year-over-year increase of 13.3%[27]