Financial Performance - The company's operating income for 2019 was RMB 761,083,724.61, representing a 27.16% increase compared to RMB 598,534,286.07 in 2018[22] - The net profit attributable to shareholders for 2019 was RMB 82,710,422.36, an increase of 11.50% from RMB 74,181,456.30 in the previous year[22] - The net cash flow from operating activities increased by 70.60% to RMB 59,754,009.06 in 2019, up from RMB 35,026,394.34 in 2018[22] - The total assets of the company reached RMB 1,035,845,099.85 at the end of 2019, a 21.86% increase from RMB 850,014,437.66 at the end of 2018[22] - The basic earnings per share for 2019 was RMB 0.44, reflecting a 12.82% increase from RMB 0.39 in 2018[23] - The weighted average return on equity for 2019 was 16.01%, up from 14.99% in 2018, indicating improved profitability[23] - The total annual revenue for 2019 was approximately ¥761.06 million, with a total net profit attributable to shareholders of approximately ¥82.71 million[26] - The company achieved operating revenue of 761.08 million RMB, a year-on-year increase of 27.16%[54] - Operating profit reached 130.72 million RMB, growing by 49.27% compared to the previous year[54] - Net profit attributable to shareholders was 82.71 million RMB, reflecting an 11.50% year-on-year growth[54] Sales and Production - The increase in sales volume was primarily driven by the production line of the subsidiary Liaoning Huazir's sponge zircon, which commenced operations in 2019[22] - In Q1 2019, the company reported revenue of approximately ¥169.88 million, with net profit attributable to shareholders at approximately ¥19.15 million[26] - In Q2 2019, revenue increased to approximately ¥233.65 million, with net profit attributable to shareholders rising to approximately ¥24.96 million[26] - In Q3 2019, the company achieved revenue of approximately ¥174.41 million, with net profit attributable to shareholders at approximately ¥22.49 million[26] - In Q4 2019, revenue was approximately ¥183.15 million, with net profit attributable to shareholders decreasing to approximately ¥16.12 million[26] - The production line for 10,000 tons of electric melting zirconia products has been completed and is now operational, positively impacting future performance[49] - The company achieved revenue of RMB 440.56 million from electric melting zirconia products, a 17.11% increase compared to the previous year[50] - Revenue from sponge zircon reached RMB 178.20 million, reflecting strong sales performance[52] - The company’s zirconium product production volume was 17,812.65 tons, an increase of 42.57% year-on-year[62] - The sales volume of zircon products was 16,450.98 tons, up 30.43% year-on-year[62] Research and Development - The company has developed multiple proprietary technologies, achieving international advanced levels in production processes, enhancing its competitive edge[39] - The company has invested in R&D projects, including a high-performance zirconia product development project with an annual production capacity of 3,600 tons[52] - The company has improved the color performance of zirconia used in ceramic glazes by over 15% through product enhancements[52] - Research and development expenses amounted to 25,548,055.22, representing 3.36% of operating revenue, with a year-over-year increase of 43.54%[71] - The company received various government subsidies totaling approximately 1.04 million RMB for R&D and industrial development[53] Market and Industry Outlook - The new materials industry is recognized as a strategic emerging industry in China, with favorable government policies supporting its growth[32] - The demand for zircon sponge is expected to continue increasing as its applications in the liquid metal market expand, indicating a promising market outlook[35] - The company is positioned to benefit from the rapid development opportunities in the industrial new materials sector, as outlined in national strategic policies[79] - The new materials industry in China is expected to experience significant growth, with an annual growth rate exceeding 24% from 2010 to 2015, indicating a promising future for the sector[84] Assets and Liabilities - The company's net assets attributable to shareholders at the end of 2019 were RMB 527,769,193.30, a slight decrease of 0.48% from RMB 530,330,928.57 at the end of 2018[22] - The company's prepayments decreased by 65.77% compared to the previous year, primarily due to reduced delivery of purchased goods[36] - Inventory increased by 37.54% year-over-year, attributed to the launch of the zircon sponge production line and increased stocking in anticipation of market demand[36] - Fixed assets rose by 52.48% compared to the previous year, mainly due to construction projects being transferred to fixed asset accounting[36] - The company's receivables increased by 31.29% year-over-year, driven by the expansion of sales following the launch of the zircon sponge production line[36] Corporate Governance and Compliance - The company has established a governance structure with a board of directors consisting of 9 members, including 3 independent directors, ensuring compliance with relevant regulations[178] - The board has set up four specialized committees: Strategy and Development Committee, Compensation and Assessment Committee, Nomination Committee, and Audit Committee, which effectively support the board's operations[184] - The company has maintained transparency in information disclosure, adhering to principles of fairness, justice, and openness, ensuring all shareholders have equal access to information[179] - The internal control self-assessment report has been disclosed, indicating no significant deficiencies during the reporting period[186] - The company's financial statements for the year ended December 31, 2019, have been audited and found to fairly reflect its financial position and operating results[191] Shareholder Information - The company plans to distribute a cash dividend of RMB 1 per 10 shares to all shareholders, pending approval at the shareholders' meeting[6] - The total number of ordinary shares increased from 135,709,000 to 189,991,704 shares due to the issuance of 54,283,344 shares as a capital reserve distribution[143] - The company distributed a cash dividend of 0.15 yuan per share (before tax) based on a total of 135,708,360 shares during the annual equity distribution[143] - The number of shareholders decreased from 14,251 to 13,894 during the reporting period[148] - The total number of shares held by the top ten shareholders was not disclosed, but the report indicates changes in their holdings[149] Environmental Responsibility - The company achieved a dust collection rate of over 99% for its production waste gas[131] - The company’s wastewater treatment facilities consistently met the discharge standards during the reporting period[134] - The company has established an emergency response plan for environmental incidents, which has been filed with the relevant authorities[136] - The company conducted environmental monitoring and the results were compliant with the required standards[137] Social Responsibility - The company is actively involved in poverty alleviation efforts, focusing on industrial development and education to support targeted poverty-stricken areas[123] - The company has established a precise poverty alleviation plan to align with national strategies and ensure the achievement of poverty alleviation goals[124] - In 2019, the company invested a total of 32.75 million RMB in poverty alleviation efforts[127] - The company allocated 16.45 million RMB to improve educational resources in impoverished areas[128] - A total of 3.46 million RMB was contributed to the poverty alleviation public welfare fund[128] Risks and Challenges - The price of zircon sand has been rising, which could impact the company's procurement costs and subsequently affect the sales prices of zirconium products[90] - The company faces risks from international trade protection policies, which could affect its export competitiveness, particularly in the U.S. market[90]

公司代码：603663 公司简称：三祥新材 三祥新材股份有限公司 2019 年第三季度报告 1 / 29 | 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 10 | | 2019 年第三季度报告 2019 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。 二、 公司基本情况 2.1 主要财务数据 3 / 29 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 1,041,521,682.27 850,014,437.66 22.53% 归属于上市公司 股东的净资产 512 ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 403,528,372.70, representing a 36.00% increase compared to CNY 296,722,493.30 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was CNY 44,103,992.00, a slight increase of 3.23% from CNY 42,725,147.51 in the previous year[21]. - The basic earnings per share for the first half of 2019 remained unchanged at CNY 0.23 compared to the same period last year[22]. - The company's total operating revenue for the first half of 2019 was CNY 403.53 million, a 36.00% increase from CNY 296.72 million in the same period last year[51]. - The net profit attributable to shareholders of the listed company was RMB 44.10 million, a year-on-year increase of 3.23%[45]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 41.66 million, a year-on-year decrease of 0.21%[45]. - In the first half of 2019, the company's revenue from electric melting zirconia reached CNY 222.46 million, representing a growth of 14.32% compared to the previous period[46]. - The revenue from casting modification materials was CNY 60.60 million, a decrease of 3.90% due to the overall decline in the automotive and casting pipe industries[47]. - The company achieved revenue of CNY 86.99 million from sponge zircon products, indicating a supply-demand imbalance with strong sales performance[47]. Cash Flow and Financial Position - The net cash flow from operating activities was negative CNY 9,189,463.94, worsening by 16.78% compared to negative CNY 7,868,982.32 in the same period last year[21]. - The company's cash and cash equivalents decreased by 36.32% compared to the previous period, primarily due to increased prepayments for zircon sand purchases and expanded business scale[31]. - The company's cash and cash equivalents decreased from 52,948,012.50 RMB at the end of 2018 to 33,717,686.99 RMB by June 30, 2019, representing a decline of approximately 36.2%[124]. - Accounts receivable increased by 94.60% compared to the previous period, attributed to the commencement of production at Liaoning Huazircon and the expansion of Fuzhou Sanxiang's business scale[32]. - The company reported a significant increase in tax payables by 368.49% to 14,882,704.66, reflecting the expansion of business operations and increased corporate income tax[54]. - The company reported a total of CNY 224,067,482.20 in undistributed profits, up from CNY 196,512,132.85, an increase of about 14%[126]. - The company's total assets at the end of the reporting period were CNY 971,971,085.87, an increase of 14.35% from CNY 850,014,437.66 at the end of the previous year[21]. - Total liabilities rose to ¥329,391,277.82, up from ¥162,170,262.24, indicating a 103% increase[130]. Investments and Acquisitions - The company completed the acquisition of Liaoning Huazircon Holdings, enhancing its product offerings and expanding its zircon industry footprint[27]. - The company is in the process of industrializing a high-performance zirconia project with an expected annual output of 3,600 tons, aiming for production in the second half of the year[49]. - The company has committed to investing a total of 35,850 million CNY in the oxygen chloride zirconium project, with 21,510 million CNY from the company and 14,340 million CNY from individual investors[79]. Research and Development - The company's research and development expenses increased by 45.56% to CNY 11.32 million, reflecting a commitment to enhancing product competitiveness[51]. - The company has over 90 invention and utility model patents, with several technologies achieving industrialization[36]. - The company has obtained a total of 96 patents, including 35 invention patents and 61 utility model patents, as of June 2019[49]. Market and Industry Trends - The increase in operating revenue was primarily attributed to the new sponge zircon business[22]. - The demand for high-quality zirconia products is on the rise, driven by the increasing quality of life and consumption upgrades among consumers[29]. - The market for sponge zircon is in a state of supply shortage, with demand expected to significantly increase in the second half of 2019 due to ongoing construction projects and rising environmental standards[30]. Environmental and Social Responsibility - The company has implemented a targeted poverty alleviation plan, focusing on industrial development, education, and social support to enhance income for impoverished areas[89]. - In 2019, the company invested 3.86 million RMB in poverty alleviation efforts, with additional contributions of 0.5 million RMB to a poverty alleviation public welfare fund[91]. - The company was listed as a key pollutant discharge unit in Ningde City in April 2019 and is committed to meeting legal and regulatory standards for emissions[94]. - The company achieved a dust collection rate of over 99% for its electric furnace smoke and production waste gas, with all collected dust sold as by-products[95]. Shareholder and Corporate Governance - The company has commitments from major shareholders to not transfer shares for 36 months post-listing, ensuring stability[67]. - The company will implement stock price stabilization measures if the stock price falls below the audited net asset value per share for 20 consecutive trading days within three years of listing[70]. - The company has appointed Zhongshen Zhonghuan Accounting Firm as the auditor for the 2019 fiscal year, continuing from the previous year[75]. - There are no significant litigation or arbitration matters reported during the reporting period[75]. Risks and Challenges - The company faces risks from fluctuations in raw material prices, particularly zircon sand, which is primarily imported and has seen rising prices[62]. - International trade protection policies pose a risk, with U.S. tariffs affecting exports, although the impact on revenue from U.S. sales is less than 6%[62]. - The overall market for zircon products remains stable, but future price volatility could impact production costs and sales prices[62].

Group 1: Event Details - The company will participate in the 2019 Fujian Listed Companies Investor Reception Day on July 18, 2019, from 14:00 to 17:00 [2] - The event will be held online via the "Panjing Roadshow" platform [2] - Investors can access the event through the website or the WeChat public account [2] Group 2: Company Representatives - Attendees include the Secretary of the Board, Deputy General Manager Mr. Zheng Xiong, Chief Financial Officer Ms. Fan Shunqin, and Securities Affairs Representative Ms. Ye Fang [2] Group 3: Investor Engagement - The company encourages investors to actively participate in the event to gain insights into its situation, development strategy, operational status, financing plans, equity incentives, and sustainable development [2]

2019 年第一季度报告 公司代码：603663 公司简称：三祥新材 三祥新材股份有限公司 2019 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2.1 主要财务数据 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 | 933,517,448.01 | 850,014,437.66 | | 9.82 | | 归属于上市公司 | 556,880,465.77 | 530,330,928.57 | | 5.01 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -15,118,180.13 | -4,976,992.64 | | -203.76 | | 现金流量净额 | | | | | | | 年初至报告期末 | 上年初至 ...

Financial Performance - The company's operating revenue for 2018 was CNY 598,534,286.07, representing a 46.75% increase compared to CNY 407,846,074.54 in 2017[22]. - The net profit attributable to shareholders for 2018 was CNY 74,181,456.30, a 37.35% increase from CNY 54,007,892.60 in 2017[22]. - The net profit after deducting non-recurring gains and losses was CNY 72,159,553.33, up 41.55% from CNY 50,977,014.03 in 2017[22]. - The net cash flow from operating activities reached CNY 35,026,394.34, a significant increase of 713.76% compared to CNY 4,304,241.11 in 2017[22]. - The total assets at the end of 2018 were CNY 850,014,437.66, reflecting a 48.19% increase from CNY 573,595,932.84 at the end of 2017[22]. - The net assets attributable to shareholders increased to CNY 530,330,928.57, a 13.42% rise from CNY 467,578,430.47 in 2017[22]. - The company's basic earnings per share increased by 37.50% to CNY 0.55 in 2018 compared to CNY 0.40 in 2017[23]. - Operating revenue for 2018 rose by 46.75% year-on-year, driven by expanded production capacity, significant domestic market development, and increased product sales prices[23]. - The weighted average return on equity improved to 14.99% in 2018, up from 12.17% in 2017, reflecting a 2.82 percentage point increase[23]. - The net profit attributable to shareholders for the fourth quarter was CNY 8,592,390.35, with a total annual net profit of CNY 94,178,456.50[25]. Investments and Acquisitions - The company acquired a downstream zirconium sponge production enterprise, enhancing its product offerings and risk resilience[32]. - The company acquired Liaoning Huazircon, which specializes in sponge zircon production, enhancing its market position and expected to become one of the largest industrial-grade sponge zircon producers in Asia[49]. - The company is actively expanding its market presence and improving supply chain stability by establishing a wholly-owned subsidiary in Ningxia, which is closer to raw material sources[49]. - The company plans to optimize its production and R&D by establishing production bases closer to raw material sources and industry clusters[32]. Research and Development - The company's R&D expenses amounted to CNY 17.80 million, representing a 29.95% increase from the previous year[54]. - The company has developed proprietary technologies, including "one-step melting zirconia particle technology" and "energy-saving single-furnace melting stable zirconia," achieving international advanced levels in process indicators[39]. - The company is focusing on technological innovation and energy-saving measures to enhance product competitiveness and ensure steady growth in performance[50]. - Research and development expenses for 2018 were ¥17.80 million, a 29.5% increase from ¥13.70 million in 2017[194]. Market Position and Strategy - The company is positioned to benefit from the rapid development opportunities in the industrial new materials sector, supported by national policies[33]. - The company aims to enhance its market share in high-end markets by accelerating advanced production capacity construction and integrating upstream and downstream operations[79]. - The company has established a leading position in the electric melting zirconia industry, with significant technological and quality advantages[84]. - The company is focused on developing high-value-added new materials and expanding its market presence through strategic acquisitions and product innovation[80]. Environmental and Social Responsibility - The company is committed to environmental protection and has implemented clean production practices, gaining customer trust and contributing to revenue growth[47]. - The company’s commitment to green operations has resulted in a dust recovery rate exceeding 99%, showcasing its dedication to environmental responsibility[41]. - The company has implemented a targeted poverty alleviation plan, focusing on industrial development, education, and social assistance to ensure the achievement of poverty alleviation goals[117]. - In 2018, the company invested a total of 204.37 million RMB in poverty alleviation efforts, with 113.15 million RMB allocated to improving educational resources in impoverished areas[121]. Corporate Governance - The audit report issued by Zhongshen Zhonghuan CPA was a standard unqualified opinion, ensuring the accuracy of the financial report[5]. - The company emphasizes the importance of risk awareness regarding future plans and development strategies[7]. - The company has established a robust mechanism for independent directors to provide objective opinions on profit distribution[87]. - The company adheres to information disclosure standards, ensuring transparency and fairness in communication with shareholders[163]. Shareholder Information - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares and to increase capital by 4 shares for every 10 shares held[6]. - The total cash dividend for 2018 amounts to 20,356,350 RMB, which represents 27.44% of the net profit attributable to shareholders[88]. - The company’s cash dividend payout ratio has been consistently below 30% due to its focus on industry growth and shareholder value[88]. - The company will notify investors three trading days in advance before any share reduction plan is implemented[94]. Financial Management - The company reported a net cash flow from financing activities of 39,354,011.32, a 362.68% increase from -14,981,808.23 in the prior year[67]. - The company has a total of 115,000,000.00 RMB in entrusted financial management, with various bank wealth management products yielding annualized returns between 4.20% and 5.20%[113][115]. - The company successfully recovered all entrusted financial management amounts, with actual returns reported for each product[115][116]. - The company reported a total guarantee amount of 30,787,799.04 RMB, which accounts for 5.30% of the company's net assets[111]. Employee Information - The company has a total of 638 employees, with 393 in the parent company and 245 in major subsidiaries[158]. - The workforce consists of 358 production personnel, 36 sales personnel, 71 technical personnel, 18 financial personnel, 79 administrative personnel, and 76 auxiliary personnel[158]. - The educational background of employees includes 4 with master's degrees or above, 78 with bachelor's degrees, 131 with associate degrees, and 425 with education below associate degree[158]. - The company has established a competitive compensation system based on job position, skill level, work intensity, and performance[159].

2018 年年度报告 公司代码：603663 公司简称：三祥新材 三祥新材股份有限公司 2018 年年度报告 1 / 172 2018 年年度报告 重要提示 三、 中审众环会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 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）夏云惠声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 拟以权益分派实施的股权登记日的总股本为基数，向全体股东每10股派发现金股利1.5元（含 税），以资本公积转增股本方式向全体股东每10股转增4股,剩余未分配利润结转下一年度，此外 不进行其他形式分配。本预案尚需提交公司股东大会审议。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述了围绕公司经营可能存在的主要风险，敬请查阅第 ...

2018 年第三季度报告 公司代码：603663 公司简称：三祥新材 三祥新材股份有限公司 2018 年第三季度报告 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 / 22 | 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 | 10 | 2018 年第三季度报告 一、 重要提示 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。 二、 公司基本情况 | 润 | | | | | | --- | --- | --- | --- | --- | | 加权平均净资产 | 13.05 | 9.32 | 增加 3.73 | 个百分点 | | 收益率（%） | | | | | | 基本每股收益 | ...

2018 年半年度报告 公司代码：603663 公司简称：三祥新材 三祥新材股份有限公司 2018 年半年度报告 1 / 125 2018 年半年度报告 重要提示 三、 本半年度报告未经审计。 四、 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）夏云惠声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述了围绕公司经营可能存在的主要风险，敬请查阅第四节经营情况 讨论与分析中可能面对的风险部分的内容。 本报告期，公司不进行利润分配，也不进行公积金转增股本 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 十、 其他 □适用 √不适用 2 / 125 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大 ...

2018 年第一季度报告 公司代码：603663 公司简称：三祥新材 三祥新材股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2018 年第一季度报告 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 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 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 | 617,789,065.75 | 573,595,932.84 | ...