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].

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 ...