证券代码：603663 证券简称：三祥新材 三祥新材股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2022 年第三季度报告 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 269,828,690.50 | 46.06 | 731,734,305.56 | ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 461.91 million, representing a 6.34% increase compared to RMB 434.36 million in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 82.24 million, a significant increase of 74.86% from RMB 47.03 million in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 76.11 million, up 68.04% from RMB 45.30 million in the same period last year[22]. - The basic earnings per share for the first half of 2022 was RMB 0.38, reflecting a 52.00% increase compared to RMB 0.25 in the same period last year[22]. - The weighted average return on net assets increased to 7.35%, up 0.41 percentage points from 6.94% in the previous year[22]. - The net cash flow from operating activities for the first half of 2022 was approximately RMB 75.95 million, a decrease of 23.99% compared to RMB 99.93 million in the same period last year[22]. - The total assets at the end of the reporting period were approximately RMB 1.68 billion, an increase of 9.34% from RMB 1.54 billion at the end of the previous year[22]. - The net assets attributable to shareholders at the end of the reporting period were approximately RMB 1.14 billion, reflecting a 5.15% increase from RMB 1.08 billion at the end of the previous year[22]. Business Segments and Products - The company has formed three major business segments: zirconium series, magnesium series, and advanced ceramics, covering over 150 product varieties including zirconia and magnesium-aluminum alloys[27]. - The company acquired Liaoning Huazir, a producer of industrial-grade sponge zircon, in 2018, marking its entry into the sponge zircon field[28]. - The company has invested in lightweight new materials, specifically a magnesium-aluminum alloy project, which began trial production in early 2022[29]. - The company’s sales model includes establishing sales offices in key demand areas and maintaining long-term cooperative relationships with clients in Europe, America, Japan, and South Korea[30]. - The company is positioned in the new materials industry, which is a strategic emerging industry supported by national policies, enhancing its growth prospects[31]. - The demand for sponge zircon continues to grow, driven by its superior properties compared to titanium in various applications[33]. - The company has expanded its product offerings and optimized its industrial layout, contributing to steady growth in sales and net profit[28]. Research and Development - The company has over 150 patents, with multiple technologies achieving industrialization and contributing to national standards[36]. - The company is advancing the production of zirconium oxychloride, which is crucial for high-purity zirconia and various industrial applications[50]. - The company is developing a lithium battery cathode material using high-purity electric melting zirconia, with the production line currently in the debugging phase[52]. - The company is actively pursuing partnerships in magnesium-aluminum alloy projects, with the first phase already in production and receiving positive feedback from customers[52]. - Research and development expenses increased by 8.98%, reaching ¥20,535,101.80 compared to ¥18,843,345.34 in the previous year[57]. Environmental and Social Responsibility - The company was listed as a key pollutant discharge unit in Ningde City in April 2019, adhering to legal standards for pollutant discharge[83]. - The company achieved a dust collection rate of over 99% for its production waste gas, with all collected dust sold as by-products[84]. - The company’s wastewater from electric melting zircon production is reused through cooling tower circulation, with no external discharge[85]. - The company’s hazardous waste management includes strict collection, registration, and transfer processes, complying with regulations[86]. - The company donated a total of 1.82 million yuan in the first half of 2022, with 320,000 yuan allocated specifically for education poverty alleviation[107]. - The company is committed to implementing the national poverty alleviation strategy, focusing on industrial development, education, and social assistance to ensure timely achievement of poverty alleviation goals[106]. Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[79]. - The management team has undergone changes, with a new general manager appointed to focus on strategic development[78]. - The company reported no significant litigation or arbitration matters during the reporting period[116]. - The company has committed to not engaging in any competitive business activities that may harm the interests of its subsidiaries[114]. - The company will strictly adhere to relevant laws and regulations regarding related party transactions, ensuring fairness and transparency[114]. Financial Position and Equity - The total capital raised by Ningde Sanxiang Zirconium Magnesium Industry Equity Investment Partnership was 62 million yuan, aimed at investing in zirconium-based amorphous alloy projects[69]. - The company raised a total of RMB 21,999.99 million through the issuance of 11,066,398 shares at RMB 19.88 per share, with a net amount of RMB 21,607.63 million after deducting issuance costs[46]. - The company reported a total equity of CNY 1,207,620,779.24, up from CNY 1,187,732,217.61, reflecting a growth of 1.5%[152]. - The company reported a total comprehensive income of CNY 82,254,529.23 for the first half of 2022[175]. - The company has a registered capital of RMB 13,415 million after the public offering of 33.55 million shares at RMB 5.28 each[188]. Risks and Challenges - There are risks associated with trade protection policies and the ongoing COVID-19 pandemic, which could adversely affect the company's operations[71]. - The company is facing risks related to new product market performance and competition, which could impact profitability[72]. - The company relies heavily on imported zircon sand, with major suppliers controlling over 50% of global production[71].

2022 年第一季度报告 证券代码：603663 证券简称：三祥新材 1 / 12 三祥新材股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 181,834,877.46 | -19.59 | | 归属于上市公司股东的净利润 | 30,488,373.32 | 32.36 | | 归属于上市公司股东的扣除非经常性 | 29,380,119.17 | 36.79 ...

Financial Performance - The company's operating revenue for 2021 was ¥789,206,904.27, representing a 7.65% increase compared to ¥733,112,875.56 in 2020[22]. - The net profit attributable to shareholders for 2021 was ¥100,488,442.28, a significant increase of 54.98% from ¥64,839,468.87 in 2020[22]. - The net profit excluding non-recurring gains and losses was ¥99,368,592.51, which is a 66.19% increase from ¥59,792,858.73 in the previous year[22]. - Cash flow from operating activities for 2021 was ¥187,240,266.12, up 26.30% from ¥148,245,802.92 in 2020[22]. - As of the end of 2021, total assets reached ¥1,537,424,715.43, reflecting a 15.33% increase from ¥1,333,083,135.91 at the end of 2020[22]. - The net assets attributable to shareholders increased by 65.25% to ¥1,083,180,329.90 from ¥655,468,446.01 at the end of 2020[22]. - Basic earnings per share increased to 0.51 yuan, a 50% increase compared to 0.34 yuan in 2020[23]. - The weighted average return on equity rose to 12.88%, an increase of 1.88 percentage points from 11.00% in 2020[23]. Dividend and Capital Distribution - The company plans to distribute a cash dividend of ¥1 per 10 shares and increase capital by 4 shares for every 10 shares held[7]. - The cash dividend ratio for the year was 21.39%, with a distribution of 1 RMB per 10 shares and a capital reserve increase of 4 shares per 10 shares[121]. Research and Development - The company has developed multiple advanced technologies, including energy-saving melting techniques and high-performance zirconium production methods, positioning it at the forefront of the industry[47]. - The company’s research and development expenses increased by 38.39% to ¥32,741,148.90, indicating a focus on innovation and product improvement[61]. - The company holds a total of 144 patents, including 55 invention patents and 89 utility model patents, as of December 2021[39]. - The company’s R&D center has been recognized as a provincial-level technology center and has received multiple awards for its innovative products and patents[48]. Market and Product Development - The company focused on technological innovation, developing new materials for diverse applications in response to market demand[32]. - The company has expanded its product offerings, including the acquisition of a sponge zirconium production company and the establishment of a 20,000-ton annual production project for zirconium oxychloride[44]. - The company is strategically investing in lightweight new materials, including a magnesium-aluminum alloy project in collaboration with other enterprises, set to begin trial production in early 2022[45]. - The company aims to expand its market share in high-end markets and enhance its zircon industry chain capabilities[85]. Environmental and Social Responsibility - The company has implemented effective management controls over subsidiaries, enhancing risk management and operational efficiency[124]. - The company has established a comprehensive approach to noise management, ensuring compliance with environmental noise standards[127]. - The company is committed to environmental protection and sustainable development, enhancing its environmental management efforts and promoting energy conservation[147]. - The company donated a total of 1.085 million yuan in 2021, with 163,000 yuan specifically allocated for education poverty alleviation[149]. Governance and Compliance - The company has improved governance levels and optimized internal control mechanisms in accordance with relevant laws and regulations[93]. - The company adheres to information disclosure standards, ensuring timely and accurate information is provided to all shareholders, enhancing transparency[92]. - The company has not reported any significant differences in governance compared to regulatory requirements[93]. - The company has established measures to protect investor rights in case of failure to meet commitments due to uncontrollable circumstances[156]. Future Outlook - Future guidance projects a revenue increase of 10% for the next fiscal year, driven by new product launches and market expansion efforts[97]. - The company plans to enhance its digital marketing efforts, targeting a 50% increase in online sales channels by the end of 2024[97]. - The company is investing in R&D for new technologies, including energy-efficient production methods, which are expected to reduce costs by 15%[97]. Risks and Challenges - The price volatility of raw materials, particularly zircon sand, poses a significant risk to the company's cost structure and profitability[87]. - The ongoing COVID-19 pandemic may impact the company's operations and supply chain stability[87].

第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 2021 年第三季度报告 证券代码：603663 证券简称：三祥新材 三祥新材股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 (一)主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期比 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 184,738,698.11 | 25.79 | 619,097,641 ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥434,358,943.76, representing a 26.37% increase compared to ¥343,716,734.49 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥47,029,132.68, up 30.15% from ¥36,134,442.65 in the previous year[17]. - The net cash flow from operating activities significantly increased by 225.25%, amounting to ¥99,931,977.51 compared to ¥30,724,300.23 in the same period last year[17]. - The total assets of the company at the end of the reporting period were ¥1,407,452,211.73, reflecting a 5.58% increase from ¥1,333,083,135.91 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 4.58%, reaching ¥685,509,813.21 compared to ¥655,468,446.01 at the end of the previous year[17]. - Basic earnings per share for the first half of 2021 were ¥0.25, a 31.58% increase from the previous year's ¥0.19[18]. - The weighted average return on net assets was 6.94%, an increase of 0.23 percentage points from 6.71% in the same period last year[18]. - The company reported a net profit of ¥45,295,157.70 after deducting non-recurring gains and losses, which is a 38.67% increase from ¥32,664,307.85 in the previous year[17]. Revenue and Cost Analysis - The operating costs increased by 31.02% to CNY 313.15 million, compared to CNY 239.01 million in the previous year[49]. - Research and development expenses rose by 48.43% to CNY 18.84 million, up from CNY 12.69 million in the previous year[49]. - The company's revenue from electric melting zirconia products reached CNY 265.27 million in the first half of 2021, an increase of 10.13% compared to the previous period[42]. - The revenue from the casting modification new materials segment was CNY 61.67 million, reflecting a growth of 32.61% year-on-year[42]. - The subsidiary Haijin Zircon achieved revenue of CNY 119.44 million in the first half of 2021, marking a significant increase of 60.96% compared to the same period last year[43]. Investment and Expansion - The company has expanded its product offerings in the zirconium sector, including the acquisition of Liaoning Huazir, which has enhanced its market position in sponge zircon[23]. - The company is collaborating with Ningde Times and Wanshun Group to invest in lightweight new materials, specifically magnesium-aluminum alloys, expected to commence trial production by the end of 2021[24]. - The company has invested in a project with an annual production capacity of 20,000 tons of zirconium oxychloride, which will enhance its procurement scale advantage[32]. - The company has established multiple research and development platforms, including a post-doctoral research workstation and a zirconium materials engineering research center[30]. - The company has 141 invention and utility model patents, with several technologies achieving industrialization and contributing to national standards[30]. Market and Product Development - The demand for zircon products has increased due to rising prices of zircon sand, driven by strong downstream market demand and reduced upstream production capacity[27]. - The company anticipates continued growth in demand for its products due to increasing consumer income levels and the ongoing energy structure reform in China[26]. - The company is actively developing high-purity nano-zirconia and has successfully launched the first production line, receiving customer recognition[44]. - The company is expanding its product offerings in the fields of electronic ceramics and advanced structural ceramics, with significant market potential in the 5G era[43]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit and adheres to strict environmental regulations, ensuring compliance with emission standards[72]. - The company achieved a dust collection rate of over 99% for its exhaust gases, utilizing cyclone dust removal and high-efficiency bag filters[73]. - Wastewater from the production process is treated and reused, with no external discharge from cooling water systems[75]. - The company has implemented measures to minimize noise pollution, ensuring compliance with relevant noise emission standards[74]. - The company has established a solid waste management system, recycling usable materials and properly disposing of hazardous waste[74]. Corporate Governance and Shareholder Relations - The company successfully completed the re-election of its fourth board of directors and supervisory board during the reporting period[68]. - The company has committed to timely disclosure of any failure to fulfill its commitments and to propose alternative commitments to protect investor rights[91]. - The company has maintained a clean record with no major litigation or arbitration matters reported during the period[95]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[95]. - The company has committed to protecting the rights of its shareholders and ensuring fair treatment in related transactions[93]. Financial Position and Liabilities - The total liabilities increased to ¥458,134,488.34 from ¥402,683,893.07, representing a rise of 13.8%[137]. - The company's current liabilities totaled CNY 306,869,210.79, slightly up from CNY 302,797,852.01 at the end of 2020[131]. - The total non-current liabilities increased to CNY 308,704,595.08 from CNY 280,310,567.77 at the end of 2020[131]. - The total restricted assets amounted to 179,544,640.70 yuan, primarily due to collateral for bank loans[53]. - The company reported a balance of 1,541.78 million CNY in other payables to related parties as of June 30, 2021[99]. Future Outlook and Strategic Plans - The company plans to enhance its market expansion strategies in the upcoming quarters, focusing on new product development and technology[154]. - The company aims to enhance its risk management strategies by increasing reserves and improving overall financial stability[157]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[157].

证券代码：603663 证券简称：三祥新材 公告编号：2021-038 债券代码：113572 债券简称：三祥转债 转股代码：191572 转股简称：三祥转股 三祥新材股份有限公司 关于参加 2021 年度福建上市公司投资者网上集体接 待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，使广大投资者能更深入全面地了解公司 情况，三祥新材股份有限公司（以下简称"三祥新材"或"公司"）将参加由福 建证监局与福建省上市公司协会、深圳市全景网络有限公司举办的"2021 年度 福建上市公司投资者网上集体接待日活动"。现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台采取网络远程的方式进行，投资者可以登录"全景网投资者关系互动平台" （http://ir.p5w.net）参与公司本次投资者网上集体接待日活动，网上互动交流时 间为 2021 年 5 月 14 日（星期五）15:30 至 17:00。 欢迎广大投资者积极参与。 特此公告。 三祥新材 ...

Financial Performance - The company's operating revenue for 2020 was CNY 733,112,875.56, a decrease of 3.68% compared to CNY 761,083,724.61 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 64,839,468.87, down 21.61% from CNY 82,710,422.36 in the previous year[21]. - The net profit excluding non-recurring gains and losses was CNY 59,792,858.73, a decrease of 24.97% compared to CNY 79,696,748.49 in 2019[21]. - Basic earnings per share decreased by 22.73% to CNY 0.34 in 2020 from CNY 0.44 in 2019[22]. - Diluted earnings per share also decreased by 22.73% to CNY 0.34 in 2020 from CNY 0.44 in 2019[22]. - Operating profit was CNY 87.69 million, down 32.92% year-on-year[59]. - The gross profit margin for the main business was 26.67%, down by 5.39 percentage points year-on-year[65]. - The revenue from the zircon series products was 563,378,859.12, with a gross profit margin of 28.65%, reflecting a year-on-year increase of 5.02%[65]. - The company’s electric melting zirconia products generated revenue of CNY 419.51 million, a decrease of 4.78% compared to the previous year[51]. - The company’s foundry new materials segment reported revenue of CNY 107.27 million, down 10.48% year-on-year due to the impact of the pandemic on the automotive industry[52]. Cash Flow and Assets - Cash flow from operating activities increased significantly to CNY 148,245,802.92, up 148.09% from CNY 59,754,009.06 in 2019[21]. - Total assets at the end of 2020 reached CNY 1,333,083,135.91, an increase of 28.7% from CNY 1,035,845,099.85 in 2019[21]. - The net assets attributable to shareholders increased by 24.2% to CNY 655,468,446.01 from CNY 527,769,193.30 in 2019[21]. - The company's cash and cash equivalents increased by 52.45% compared to the previous period, attributed to stable operations and improved cash flow from sales[33]. - Accounts receivable increased by 32.44% due to a recovery in downstream industry demand in the second half of 2020[33]. - Prepayments increased by 149.24%, primarily due to higher advance payments for raw materials[33]. - Long-term equity investments doubled, reflecting a 100% increase due to investments in magnesium-aluminum alloy projects[34]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 1 per 10 shares to all shareholders, pending approval at the shareholders' meeting[5]. - The company declared a cash dividend of 1 RMB per 10 shares, resulting in a cash dividend payout ratio of 29.68% for the year 2020[104]. - The total cash dividend amount for 2020 was 19,246,202 RMB, compared to 18,998,162.40 RMB in 2019, reflecting an increase in the cash distribution[105]. - The net profit attributable to ordinary shareholders for 2020 was 64,839,468.87 RMB, which indicates a profit margin of 29.68% for the cash dividends distributed[105]. Investments and Projects - The company invested in a zircon oxychloride project with an annual production capacity of 20,000 tons, which is expected to expand the demand for zircon sand[48]. - The company has invested a total of 35,850 million RMB in the oxygen chloride zirconium project, with an expected production start in 2021[123]. - The company also invested 10,000 million RMB in the nano zirconia project, which has already commenced production[124]. - The company is focusing on the development of zirconium-based products, including liquid metal and special ceramics, to enhance its market competitiveness[99]. Research and Development - The company invested a total of 23,658,226.71 in R&D, accounting for 3.23% of total revenue[74]. - The company has obtained a total of 136 patents, including 50 invention patents and 86 utility model patents[57]. - The company has developed multiple advanced technologies, including energy-saving melting techniques and high-performance zirconia production, enhancing its competitive edge[37]. - The company aims to provide lower-cost and more environmentally friendly product solutions through ongoing research and development efforts[31]. Environmental and Social Responsibility - The company generated and processed 5 tons of hazardous waste oil in 2020, which was transferred to a qualified environmental treatment company[152]. - The project produced wastewater primarily from floor washing and cooling water, with treated wastewater being reused in the gas purification system[151]. - The company has established pollution control facilities, including a desulfurization tower and wastewater treatment facilities, which have been operating normally and meeting discharge standards[153]. - The company invested a total of 230.81 million RMB in poverty alleviation efforts[144]. - The company provided 11.32 million RMB in financial aid to support impoverished students[145]. - A total of 81 million RMB was contributed to the poverty alleviation public welfare fund[145]. Corporate Governance - The company has maintained a stable management team for over 30 years, contributing to its sustainable development[45]. - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance structure[196]. - The company’s chairman, Xia Peng, has been in his role since March 29, 2012, and has a consistent shareholding of 3,872,891 shares[194]. - The company has recognized several awards for innovation, including 2 provincial technology advancement awards and 1 national invention exhibition gold medal[199]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly zircon sand, which is primarily imported and subject to international market volatility[100]. - The company has implemented a new revenue recognition standard starting January 1, 2020, adjusting "prepayments" to "contract liabilities" without significant impact on total assets, liabilities, net assets, or net profit[115].

2020 年第三季度报告 公司代码：603663 公司简称：三祥新材 债券代码：113572 债券简称：三祥转债 转股代码：191572 转股简称：三祥转股 三祥新材股份有限公司 2020 年第三季度报告 二、 公司基本情况 2.1 主要财务数据 1 / 27 | 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 | 9 | 2020 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人夏鹏、主管会计工作负责人范顺琴及会计机构负责人（会计主管人员）夏云惠保 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。 3 / 27 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 1,280,925,213. ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥343,716,734.49, a decrease of 14.82% compared to ¥403,528,372.70 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥36,134,442.65, down 18.07% from ¥44,103,992.00 in the previous year[19]. - Basic earnings per share for the first half of 2020 were ¥0.19, a decrease of 17.39% compared to ¥0.23 in the same period last year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 32.66 million yuan, a decrease of 21.59% year-on-year[41]. - The company reported a net profit for the first half of 2020 of CNY 41,863,806.61, a decline of 30.3% from CNY 60,070,354.32 in the same period of 2019[134]. - The net profit for the first half of 2020 was CNY 30,607,441.81, a decrease of 4.3% compared to CNY 31,986,793.30 in the same period of 2019[138]. Cash Flow and Financial Position - The net cash flow from operating activities was ¥30,724,300.23, a significant improvement from a negative cash flow of -¥9,189,463.94 in the same period last year[19]. - The company's total assets at the end of the reporting period were ¥1,193,237,291.01, an increase of 15.19% from ¥1,035,845,099.85 at the end of the previous year[19]. - The total liabilities increased to ¥154,027,078.18, primarily due to the issuance of convertible bonds[50]. - The company reported a total cash inflow from financing activities of CNY 373,691,854.86, compared to CNY 155,748,130.65 in the same period last year, indicating a 139.9% increase[141]. - The total cash outflow from investment activities was ¥236,783,464.74, significantly higher than ¥77,268,179.24 in the first half of 2019, indicating aggressive investment strategies[143]. Assets and Liabilities - The company's total liabilities increased to CNY 433,394,056.17 in the first half of 2020, up from CNY 332,914,450.05 in the same period of 2019[131]. - Long-term borrowings rose to ¥94,668,989.11, a 234.72% increase from ¥28,283,367.00 in the previous year, primarily due to new bank loans[50]. - The company's cash and cash equivalents reached CNY 47,863,492.48, up from CNY 42,853,570.69, reflecting a growth of 7.0%[126]. - Total equity increased to CNY 640,353,781.93 in the first half of 2020, compared to CNY 573,909,774.81 in the first half of 2019[131]. Research and Development - The company has developed multiple proprietary technologies, including "one-step melting zirconia particle technology" and "high-purity nano zirconia production technology," achieving international advanced levels[31]. - Research and development expenses for the first half of 2020 were CNY 12,694,981.39, an increase from CNY 11,321,955.57 in the first half of 2019[133]. - The company is investing in the development of nano new materials and is progressing according to plan, aiming for a reasonable industrial layout across the country[24]. Market and Industry Position - The company focuses on the research, production, and sales of industrial new materials, including electric melting zirconia and modified casting materials, with applications in refractory and wear-resistant materials, ceramic glazes, and advanced ceramics[24]. - The company has seen an increase in demand for high-quality zirconia products from downstream industries, driven by rising consumer income and quality of life expectations[26]. - The price of zircon sand, a primary raw material, has stabilized, allowing the company to enhance product quality and expand market share[26]. Environmental and Social Responsibility - The company has implemented comprehensive pollution control measures, achieving over 99% collection rate of smoke and dust emissions[99]. - The company is actively implementing a targeted poverty alleviation plan, focusing on industrial development, education, and social support[81]. - In 2020, the company allocated 83.1 million RMB for poverty alleviation efforts[85]. Corporate Governance and Compliance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[5]. - The company reported a commitment to disclose any changes in shareholding by its actual controllers and shareholders, limiting annual transfers to no more than 25% of their total shares held during their tenure[65]. - The company has committed to maintaining the interests of all shareholders and regulating related transactions[70]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly zircon sand, which is primarily imported[58]. - The ongoing COVID-19 pandemic has delayed production resumption and reduced downstream customer demand, impacting overall performance[59]. - International trade protection policies pose a risk, with exports to the U.S. averaging less than 6% of main business revenue[58].