Financial Performance - Operating revenue surged by 94.18% to CNY 301,712,337.82 from CNY 155,374,933.21 year-on-year[5] - Net profit attributable to shareholders reached CNY 13,184,226.55, a significant recovery from a loss of CNY 3,613,152.16 in the same period last year[5] - The company's operating revenue for Q1 2021 was CNY 301,712,337.82, representing a 94.18% increase compared to CNY 155,374,933.21 in Q1 2020[12] - The net profit for Q1 2021 was CNY 15,677,998.48, compared to a net loss of CNY 3,409,208.33 in Q1 2020, indicating a turnaround in profitability[26] - The total profit for Q1 2021 was CNY 16,783,447.52, compared to a total loss of CNY 7,913,134.39 in the same period last year[26] Cash Flow - Cash flow from operating activities improved, with a net cash flow of CNY -4,140,238.54, compared to CNY -51,488,610.25 in the previous year[5] - The net cash flow from operating activities improved to CNY -4,140,238.54, compared to CNY -51,488,610.25 in the previous year[13] - The cash inflow from operating activities was ¥266.79 million in Q1 2021, compared to ¥169.29 million in Q1 2020, marking a 57.6% increase[31] - The net cash flow from investing activities was -¥83.08 million in Q1 2021, compared to a positive cash flow of ¥42.71 million in Q1 2020[32] - The company reported a net cash outflow of -¥94.27 million in Q1 2021, compared to -¥12.73 million in Q1 2020[32] Assets and Liabilities - Total assets increased by 3.09% to CNY 1,701,941,726.09 compared to the end of the previous year[5] - The total assets as of March 31, 2021, were CNY 1,701,941,726.09, compared to CNY 1,650,887,900.32 at the end of 2020[18] - The company reported a total liability of CNY 688,891,766.61, with current liabilities at CNY 501,682,607.06[38] - Total liabilities decreased to ¥197,063,236.60 in Q1 2021 from ¥217,139,512.13 in Q4 2020, indicating a reduction of 9.3%[23] - The total assets and liabilities combined amount to 962,455,090.58, showcasing the company's overall financial health[42] Shareholder Information - The number of shareholders totaled 8,229, with the top ten shareholders holding a combined 99.16% of shares[9] - The largest shareholder, Zhou Xiaonan, holds 28.02% of shares, while Zhou Xiaodong holds 27.47%[9] - The total equity attributable to shareholders was CNY 927,732,436.70, with total equity including minority interests at CNY 961,996,133.71[38] Expenses and Costs - The gross operating cost increased to CNY 246,099,652.62, up 90.93% from CNY 128,895,068.44 in the same period last year[12] - Research and development expenses rose to CNY 12,719,789.66, a 61.83% increase from CNY 7,860,198.22 in Q1 2020[12] - The company's investment income fell to CNY 225,168.45, a decrease of 75.77% from CNY 929,474.03 in Q1 2020[12] - The cash outflow for employee compensation was ¥40.80 million in Q1 2021, an increase of 30.1% from ¥31.36 million in Q1 2020[31] Other Financial Metrics - The weighted average return on equity increased by 1.76 percentage points to 1.58%[5] - The basic earnings per share improved to CNY 0.12, compared to a loss of CNY 0.01 in the same period last year[12] - The company's total comprehensive income for Q1 2021 was CNY 15,999,290.01, compared to a loss of CNY 2,560,979.50 in Q1 2020[27] - The company's financial expenses decreased to CNY 158,983.89 in Q1 2021 from CNY 629,519.68 in Q1 2020, showing a reduction of approximately 74.7%[27]

Financial Performance - The company reported a distributable profit of RMB 213,427,056.69 as of December 31, 2020, with a proposed cash dividend of RMB 0.50 per 10 shares, totaling RMB 6,525,750[3]. - The profit distribution plan represents 4.20% of the net profit attributable to shareholders for the year[3]. - The company's operating revenue for 2020 was CNY 1,038,740,713.86, an increase of 11.53% compared to 2019[22]. - The net profit attributable to shareholders of the listed company reached CNY 155,496,947.70, a significant increase of 4,381.24% year-on-year[22]. - The basic earnings per share for 2020 was CNY 1.23, compared to CNY 0.03 in 2019, reflecting a 4,000% increase[24]. - The weighted average return on equity increased to 18.11% in 2020, up by 17.67 percentage points from 2019[24]. - The net cash flow from operating activities was CNY 77,760,043.45, a decrease of 11.88% compared to the previous year[22]. - The company's net assets attributable to shareholders at the end of 2020 were CNY 927,732,436.70, an increase of 17.34% from the end of 2019[22]. - The gross profit margin for the period was 19.06%, up by 4.13 percentage points year-on-year[84]. - The net profit attributable to the parent company was 155.50 million yuan, an increase of 4,381.24 thousand yuan compared to the previous year[84]. Share Capital and Dividends - The company plans to increase its total share capital from 130,515,000 shares to 182,721,000 shares through a capital reserve transfer of 4 shares for every 10 shares held[3]. - The company will increase its share capital by 4 shares for every 10 shares held, resulting in a new total share capital of 182,721,000 shares[181]. - The distributable profit available to shareholders as of December 31, 2020, is 213,427,056.69 RMB[180]. - The company has established a profit distribution policy that prioritizes cash dividends, aiming for at least 15% of distributable profits to be distributed as cash dividends when conditions allow[176]. - In mature stages without major capital expenditures, the company aims for cash dividends to constitute at least 80% of profit distributions[177]. - The company will adjust its profit distribution policy based on actual conditions and stakeholder feedback, ensuring stability and continuity[179]. Market Strategy and Product Development - The company aims to become an "international leader in adhesive materials" by enhancing product quality and brand image through technological innovation, focusing on various adhesive materials and functional film materials[35]. - The company is actively involved in the research and development of new products, including optical films and high-performance adhesive materials for various applications in electronics and automotive industries[36][38]. - The company plans to continue promoting new products and controlling expenses to enhance gross profit margins[24]. - The company has restructured its product line to include industrial adhesives, electronic-grade materials, functional film materials, specialty paper, and new chemical materials, with products exported to over 60 countries[35]. - The company is focusing on new product development and market expansion to drive future growth and profitability[92]. Research and Development - The company has developed 17 invention patents and 33 utility model patents, enhancing its core technology and product value[74]. - Total R&D investment amounted to ¥39,232,982, representing 3.78% of operating revenue[103]. - Research and development expenses increased by 18.25% year-on-year, amounting to 39.23 million yuan[87]. - The company is focusing on technology innovation and has established partnerships with universities for research and development[82]. - The company is actively pursuing R&D through a combination of technology introduction, independent research, and industry-academia collaboration[131]. Market Trends and Industry Analysis - The global adhesive tape market reached a sales volume of 45.3 billion square meters in 2018, with the Asia-Pacific region accounting for 54% of the total[48]. - The global adhesive tape market is projected to grow from $54.9 billion in 2019 to $73.5 billion by 2024, at a CAGR of 5.5%[48]. - The adhesive materials industry is evolving with advancements in adhesive, substrate, and coating technologies, expanding the applications of adhesive tapes[44]. - The demand for specialty paper products related to healthcare and logistics surged during the pandemic, partially offsetting declines in other areas[48]. - The adhesive products industry is characterized by low concentration and significant competition, with domestic firms rapidly growing in the low-end market while facing pressure from international leaders[162][163]. Financial Management and Investments - The company reported a significant decrease in trading financial assets, which dropped to ¥0.00 from ¥10,365,216.67, marking a 100% decline due to the redemption of bank wealth management products[107]. - The company holds long-term equity investments of 8,319,065.18 yuan, reflecting new investments in joint ventures[73]. - The company’s total liabilities decreased significantly, with accounts payable dropping by 77.96% to ¥9,192,186.32, primarily due to the payment of matured notes[108]. - The company’s income tax payable increased by 144.85% to ¥27,105,313.54, driven by an increase in corporate income tax provisions[108]. - The company reported a significant increase in the cost of functional materials, with a 50.59% rise to ¥27,063,733.73[98]. Operational Efficiency - The company utilizes ERP systems for real-time data sharing and production planning coordination between production bases and marketing centers[42]. - The company has established a comprehensive supplier management system to ensure the quality and price of raw materials, mitigating cost fluctuations due to price changes[42]. - The company operates under a "sales-driven production and inventory safety" model, ensuring production plans align with sales demands[126]. - The company has implemented an ERP system for real-time data sharing and production management, enhancing operational efficiency[127]. Risk Management - The company has implemented foreign exchange hedging to mitigate risks associated with currency fluctuations[172]. - The company maintains a high quality of accounts receivable, primarily within one year, and is enhancing credit control to manage potential increases in accounts receivable[172]. - The company is committed to environmental protection by upgrading product structures and improving production processes to reduce environmental impact[173]. Corporate Governance - The board of directors is responsible for proposing cash dividend plans, which must be communicated effectively to shareholders, especially minority shareholders[178]. - The company has committed to not transferring or repurchasing shares held by major shareholders for 36 months post-IPO[187]. - The company has established rules for share sales that comply with relevant laws and regulations[189]. - The company will hold an investor meeting to discuss operational status and financial indicators if the stock price triggers the warning condition[197].

Financial Performance - The company reported a distributable profit of RMB 213,427,056.69 as of December 31, 2020, with a proposed cash dividend of RMB 0.50 per 10 shares, totaling RMB 6,525,750, which accounts for 4.20% of the net profit attributable to shareholders[3]. - The company's operating revenue for 2020 was CNY 1,038,740,713.86, an increase of 11.53% compared to 2019[22]. - The net profit attributable to shareholders of the listed company reached CNY 155,496,947.70, a significant increase of 4,381.24% year-on-year[22]. - The basic earnings per share for 2020 was CNY 1.23, compared to CNY 0.03 in 2019, reflecting a 4,000% increase[24]. - The weighted average return on equity increased to 18.11% in 2020, up by 17.67 percentage points from 2019[24]. - The net cash flow from operating activities was CNY 77,760,043.45, a decrease of 11.88% compared to the previous year[22]. - The company's net assets attributable to shareholders at the end of 2020 were CNY 927,732,436.70, an increase of 17.34% from 2019[22]. - The gross profit margin for the period was 19.06%, up by 4.13 percentage points year-on-year[84]. - The net profit attributable to the parent company was 155.50 million yuan, an increase of 4,381.24 thousand yuan compared to the previous year[84]. Shareholder Returns - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares, totaling 6,525,750 RMB, which represents 4.20% of the net profit attributable to shareholders for the year 2020[180]. - The company has established a profit distribution policy that prioritizes cash dividends, aiming for at least 15% of distributable profits to be allocated as cash dividends when conditions allow[176]. - In mature stages without significant capital expenditures, the company aims for cash dividends to constitute at least 80% of profit distributions[177]. - The company's profit distribution plan for 2020 includes a capital reserve transfer to share capital, reflecting a strategy to enhance shareholder value[182]. - The company did not propose a cash dividend distribution plan for the year 2019, despite having a positive profit for the period[183]. Corporate Governance - The company has received a standard unqualified audit report from Tianheng Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - The company emphasizes its commitment to transparency and accuracy in financial reporting, with all board members present during the meeting[5]. - The company has not violated decision-making procedures regarding external guarantees[6]. - The board of directors is responsible for proposing cash dividend plans, which must be supported by independent directors and reviewed by the supervisory board[178]. - The company has established a framework for compliance with relevant laws and regulations regarding share sales and corporate governance[189]. Market Strategy and Operations - The company is focused on expanding its market presence and enhancing product development capabilities[4]. - The company has outlined potential risks in its business operations and future strategies, advising investors to be cautious[7]. - The company aims to become an international leader in adhesive materials, focusing on technological innovation to enhance product quality and brand image[35]. - The company is actively involved in the research and development of various adhesive products, including high-performance pressure-sensitive adhesives for electronic products[38]. - The company is committed to improving its operational efficiency and exploring potential mergers and acquisitions to support growth strategies[35]. - The company has established a strong market presence with significant production capacity and advanced technology, positioning itself competitively against major players like 3M and Henkel[124]. Product Development and Innovation - The company is focusing on new product development and cost management to stabilize and increase gross profit margins across its product lines[92]. - The company has a clear strategy for future growth, although specific numerical targets were not disclosed in the report[4]. - The company has restructured its product offerings to better align with business development and strategic goals[35]. - The company has introduced new products, including optical films and protective films for electronic devices, enhancing its competitive edge in the market[37]. - The company holds 17 invention patents and 33 utility model patents, enhancing its competitive edge through proprietary technology[74]. Risk Management - The company acknowledges the existence of non-operating fund occupation by controlling shareholders and their affiliates[6]. - The company has outlined potential risks in its business operations and future strategies, advising investors to be cautious[7]. - The company has implemented foreign exchange hedging to mitigate risks associated with currency fluctuations[172]. - The company maintains a high quality of accounts receivable, primarily within one year, and is enhancing credit control to manage potential increases in accounts receivable[172]. Industry Trends and Competition - The adhesive products industry is characterized by a large number of small-scale enterprises and low industry concentration, with significant polarization in operations[118]. - Major global competitors include 3M, Tesa, Nitto Denko, Avery Dennison, and Henkel, which dominate the mid-to-high-end market segments in China[118]. - The competition is shifting from price-based to technology and brand-based, with an increasing emphasis on R&D innovation and customized solutions[119]. - The market for low-end adhesive products has matured, becoming a primary competitive field for domestic small and medium-sized enterprises[119]. - The focus on high-performance materials is increasing, particularly in applications for consumer electronics and new energy vehicles[119]. Financial Position and Assets - The company reported a total asset value of 296.76 million yuan, representing 1.84% of the total fixed asset value as of June 30, 2017[191]. - Cash and cash equivalents increased by 47.54% to ¥247,736,854.80, accounting for 15.01% of total assets, primarily due to compensation received for relocation[107]. - Fixed assets rose by 36.90% to ¥665,561,151.02, making up 40.32% of total assets, attributed to the completion of construction projects and new purchases[107]. - The company’s retained earnings grew by 47.76% to ¥400,216,564.85, representing 24.24% of total assets, primarily driven by increased profits during the reporting period[108]. Future Outlook - The company plans to implement a transformation strategy, optimize operational processes, and enhance internal management to improve core competitiveness[167]. - The company will focus on brand building and market expansion, aiming to establish "Jinghua" as an internationally recognized brand through innovative marketing strategies[168]. - The company is committed to ensuring safety production by implementing strict safety standards and management systems to minimize risks[170]. - The company will explore sustainable development opportunities and strengthen its market position by seeking relevant enterprises or technological advancements[169].

Financial Performance - Net profit attributable to shareholders surged by 991.24% to CNY 34,096,727.02 from CNY 3,124,583.60 in the same period last year[8] - Operating income rose by 3.16% to CNY 698,502,569.16 compared to CNY 677,104,766.90 in the previous year[8] - Basic earnings per share increased by 1,250.00% to CNY 0.27 from CNY 0.02 in the same period last year[8] - The weighted average return on equity improved by 3.87 percentage points to 4.26%[8] - Total revenue for Q3 2020 reached CNY 91,109,786.91, representing an increase of 28.1% from CNY 71,181,311.03 in Q3 2019[38] - The company reported a net profit for Q3 2020 of ¥20,477,059.71, compared to a net loss of ¥1,207,707.67 in Q3 2019, indicating a significant turnaround[35] - The total comprehensive income attributable to shareholders for Q3 2020 was CNY 18,144,773.78, compared to CNY 5,116,511.99 in the same period last year[37] Assets and Liabilities - Total assets increased by 1.11% to CNY 1,528,755,928.59 compared to the end of the previous year[7] - Total liabilities were RMB 686,905,873.16, a slight increase from RMB 685,469,712.68, reflecting a growth of approximately 0.2%[27] - The company's equity attributable to shareholders reached RMB 808,486,364.29, up from RMB 790,627,737.49, indicating an increase of about 2.2%[27] - Current assets totaled RMB 645,509,293.20, up from RMB 627,539,393.23, indicating an increase of about 2.6% year-over-year[25] - The company's long-term equity investments increased to ¥8,711,602.29, reflecting additional investments in joint ventures[17] - The total amount of other receivables was ¥16,834,353.87, with inventory valued at ¥9,831,249.39[58] Cash Flow - The net cash flow from operating activities decreased by 82.91% to CNY 7,893,909.16 from CNY 46,201,250.20 year-on-year[7] - The company's cash flow from operating activities decreased by 82.91% to ¥7,893,909.16 compared to ¥46,201,250.20 in the same period last year, primarily due to a reduction in sales collections[20] - The company reported a net cash flow from operating activities of ¥7,893,909.16 for the first nine months of 2020, a decrease of 83.0% compared to ¥46,201,250.20 in the same period of 2019[46] - The company generated ¥200,601,427.30 in cash inflow from investment activities, a decrease of 45.7% from ¥369,102,446.82 in the previous year[46] - The company experienced a net loss of ¥20,743,745.41 in cash flow from financing activities, compared to a net gain of ¥606,113.48 in the previous year[47] Shareholder Information - The company reported a total of 8,417 shareholders at the end of the reporting period[13] - The top two shareholders, Zhou Xiaonan and Zhou Xiaodong, hold 28.87% and 28.30% of shares respectively[13] Research and Development - Research and development expenses increased by 39.66% to ¥26,127,456.08 from ¥18,708,241.54 year-on-year, indicating a higher investment in R&D[19] - Research and development expenses for Q3 2020 were ¥8,480,793.94, compared to ¥8,080,595.50 in Q3 2019, showing an increase of 4.9%[34] - Research and development expenses for Q3 2020 totaled CNY 1,943,120.67, an increase of 23.5% from CNY 1,571,824.29 in Q3 2019, reflecting a focus on innovation[38] Future Outlook - The company plans to expand its market presence and invest in new product development in the upcoming quarters[32] - Future guidance indicates a focus on improving operational efficiency and exploring potential mergers and acquisitions[32]

Financial Performance - The company's operating revenue for the first half of the year was ¥402,387,764.43, a decrease of 6.52% compared to ¥430,447,442.24 in the same period last year[19]. - Net profit attributable to shareholders increased by 221.53% to ¥13,647,725.37 from ¥4,244,608.37 year-on-year[19]. - The basic earnings per share rose to ¥0.11, reflecting a 266.67% increase compared to ¥0.03 in the previous year[21]. - The weighted average return on equity increased to 1.72%, up by 1.19 percentage points from 0.53% in the same period last year[21]. - The net cash flow from operating activities decreased by 35.52% to ¥13,334,847.31 from ¥20,681,034.72 year-on-year[19]. - The company's total assets decreased by 2.39% to ¥1,475,710,950.95 from ¥1,511,900,022.15 at the end of the previous year[19]. - The company achieved total operating revenue of 402 million yuan, with a net profit attributable to shareholders of 13.64 million yuan, representing a year-on-year growth of 221.53%[39]. - The company’s earnings per share increased by 266.67% to 0.11 yuan, compared to the same period last year[39]. Research and Development - The company focuses on the R&D, production, and sales of industrial adhesive materials, electronic adhesive materials, optical materials, and chemical materials[26]. - The company has established a stable R&D team and collaborates with research institutions and universities to learn advanced technologies[34]. - Research and development expenses increased by 66.04% to ¥17.65 million from ¥10.63 million, reflecting a higher investment in R&D activities[46]. - The company is focusing on developing high-end, innovative, and environmentally friendly new materials, leveraging technology innovation to enhance product competitiveness[40]. - The company holds a total of 50 authorized patents, including 17 invention patents and 33 utility model patents, indicating a strong focus on R&D and innovation[34]. Market and Customer Strategy - The company employs a "sales-driven production" model, ensuring production aligns with customer orders and contracts[26]. - The company has seen a shift in its customer base from die-cutting companies to end customers, enhancing customer loyalty and collaboration[28]. - The company is actively developing new products and expanding its customer base, which has injected vitality into its growth[38]. - The company is enhancing communication with end customers to improve market response speed and service quality, establishing a comprehensive e-commerce sales channel[41]. - The company is focusing on high value-added products and has optimized its product structure to enhance competitiveness and market share[39]. Risks and Challenges - The report includes a risk statement indicating that forward-looking statements may involve uncertainties and do not constitute a commitment to investors[5]. - The company faces risks from the ongoing COVID-19 pandemic, which has led to economic slowdown and potential impacts on production and sales[54]. - The company is exposed to macroeconomic cycle fluctuations that could directly affect market demand for its adhesive products[54]. - Increased market competition is anticipated as the adhesive industry continues to grow, necessitating ongoing innovation and quality improvement[55]. - The company is at risk from currency fluctuations, especially as it expands its overseas market presence and increases export sales[56]. Corporate Governance and Compliance - The company’s legal representative is Zhou Xiaonan, ensuring accountability for the report's accuracy[13]. - The company has committed to not transferring or entrusting others to manage its shares for 36 months from the date of stock listing[60]. - The company guarantees that no competitive business activities will be undertaken by its controlling shareholders or related parties[61]. - The commitments made by the controlling shareholders are irrevocable and valid as long as they hold the position[61]. - The company has established a clear framework for compliance with its commitments to avoid conflicts of interest[61]. Environmental and Social Responsibility - The company has implemented a physical sedimentation system and a biochemical treatment system (A/O process) since 2012 and 2016 respectively, both operating normally[82]. - The company reported a total of 565.75 tons of sludge sold to qualified units and 9.14 tons of organic resin waste disposed of by qualified units[81]. - The company has passed environmental impact assessments for multiple projects, including a 25,000-ton production line for decorative paper approved in February 2014[83]. - The company operates a physical sedimentation and biochemical treatment system since 2018, which is functioning normally[91]. - The company has committed to compensating for any economic losses due to environmental compliance issues related to its subsidiary, Guangdong Jinghua[68]. Financial Reporting and Audit - The financial report for the first half of 2020 has not been audited[7]. - The company has renewed the appointment of Tianheng Accounting Firm for the 2020 audit, approved by the board and shareholders[69]. - The company follows the accounting standards set by the Ministry of Finance for the preparation of its financial statements[156]. - The financial statements comply with the requirements of the accounting standards, reflecting the company's financial position, operating results, and cash flows accurately[160]. - The company believes it can continue operations for at least 12 months from the approval date of the financial statements[157]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,476[99]. - The top shareholder, Zhou Xiaonan, held 36,568,000 shares, representing 28.87% of the total shares[101]. - The total number of shares held by the top ten shareholders was significant, with the largest holding being 36,568,000 shares[101]. - There were no changes in the number of restricted shares or any other significant shareholder changes reported[105]. - The company confirmed that there were no other disclosures required by regulatory authorities regarding shareholder changes[99].

Financial Performance - Operating revenue for the reporting period was CNY 155,374,933.21, representing a decline of 19.81% year-on-year[6] - Net profit attributable to shareholders was CNY -1,436,407.95, a decrease of 347.35% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.0113, a decrease of 345.65% year-on-year[6] - The company reported a net loss from credit impairment of ¥277,352.42 in Q1 2020, compared to ¥41,461.54 in Q1 2019, indicating a deterioration in asset quality[27] - The total comprehensive income for Q1 2020 was a loss of ¥2,560,979.50, compared to a loss of ¥424,085.27 in Q1 2019[28] Cash Flow - Net cash flow from operating activities was CNY -51,488,610.25, a significant increase in outflow of 2,231.35% compared to the previous year[6] - The cash inflow from operating activities for the parent company was CNY 15,244,081.48 in Q1 2020, slightly down from CNY 16,007,844.83 in Q1 2019[38] - The net cash flow from operating activities for the parent company was -CNY 35,133,943.80 in Q1 2020, worsening from -CNY 21,481,037.19 in Q1 2019[38] - The cash outflow from operating activities was CNY 220,779,060.20 in Q1 2020, up from CNY 198,716,234.23 in Q1 2019, indicating a rise of 11.1%[34] - The net cash flow from investment activities improved to CNY 42,709,890.15 in Q1 2020, compared to -CNY 52,846,571.15 in Q1 2019[35] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,491,176,443.25, a decrease of 1.37% compared to the end of the previous year[6] - Total liabilities decreased from ¥685,469,712.68 to ¥667,137,113.28, a decrease of about 2%[22] - Current liabilities decreased from ¥502,597,844.27 to ¥469,948,086.31, a reduction of about 6.5%[22] - Non-current liabilities increased from ¥182,871,868.41 to ¥197,189,026.97, an increase of approximately 7%[22] - Total current assets increased from ¥126,263,565.78 to ¥170,434,756.77, an increase of approximately 35%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,102[9] - The top two shareholders, Zhou Xiaonan and Zhou Xiaodong, held 28.87% and 28.30% of shares respectively, both of which are pledged[9] Expenses - Sales expenses decreased by 31.22% to CNY 6,389,869.53, primarily due to a reduction in transportation and travel expenses[15] - R&D expenses increased by 58.43% to CNY 7,860,198.22, mainly due to increased investment in research and development[15] - Financial expenses increased by 61.81% to CNY 4,808,813.22, primarily due to an increase in borrowing interest expenses[15] Investment Activities - The company plans to establish an investment fund with a capital contribution of CNY 40 million[16] - The company has completed the transfer of a 11.43% stake in an investment fund for CNY 41,442,904[16] Other Financial Metrics - The weighted average return on equity decreased by 0.25 percentage points to -0.18%[6] - Non-recurring gains and losses totaled CNY 2,176,744.21 for the reporting period[8] - Trading financial assets decreased by 48.53% to CNY 5,335,073.93, primarily due to a reduction in the redemption of wealth management products[13] - Accounts receivable decreased by 44.85% to CNY 1,702,211.32, mainly due to a decrease in the endorsement transfer of notes receivable[13]

Financial Performance - The net profit for the parent company in 2019 was CNY 21,344,735.52, with a statutory surplus reserve of CNY 2,134,473.55 deducted, resulting in a distributable profit of CNY 12,876,761.97 for shareholders[7]. - The total distributable profit available to shareholders as of December 31, 2019, was CNY 128,143,031.34, including an undistributed profit of CNY 115,266,269.37 from the previous year[7]. - The company proposed a cash dividend of CNY 1.184 per 10 shares, totaling CNY 14,997,728.00, which represents 432.22% of the net profit attributable to shareholders for the year[7]. - The company's operating revenue for 2019 was CNY 931,387,073.51, representing a year-on-year increase of 5.73%[23]. - The net profit attributable to shareholders decreased by 84.89% to CNY 3,469,952.75, primarily due to increased depreciation, energy costs, and interest expenses[26]. - The basic earnings per share for 2019 was CNY 0.03, down 83.33% from CNY 0.18 in 2018[24]. - The weighted average return on equity decreased to 0.44%, down 2.5 percentage points from 2.94% in 2018[24]. - The gross profit margin decreased by 2.60 percentage points to 14.93%[53]. - The company reported a net profit of CNY -10,026,361.18 after deducting non-recurring gains and losses[23]. Cash Flow and Assets - The net cash flow from operating activities increased to CNY 88,240,568.56, attributed to extended settlement periods for inventory payments[23]. - The total assets at the end of 2019 were CNY 1,511,900,022.15, reflecting a year-on-year increase of 13.98%[23]. - The net assets attributable to shareholders at the end of 2019 were CNY 790,627,737.49, a slight decrease of 0.13% from the previous year[23]. - The net cash flow from operating activities was ¥88,240,568.56, a significant improvement from a negative cash flow of ¥9,255,292.31 in the same period last year[69]. - The net cash flow from investing activities was -¥118,069,688.02, an improvement from -¥172,915,867.55 year-over-year, primarily due to increased cash inflows from investment recoveries[69]. - The net cash flow from financing activities decreased by 78.53% to ¥25,913,942.82, mainly due to repayments of short-term and long-term borrowings[69]. Research and Development - The company has applied for 20 new patents, holding a total of 46 valid patents, including 15 invention patents and 31 utility model patents, demonstrating its commitment to R&D[43]. - R&D expenses increased by 30.82% year-on-year, totaling approximately 33.18 million yuan, due to increased investment in the Jiangsu Jinghua R&D center[55]. - The total R&D expenditure amounted to ¥33.18 million, representing 3.56% of the total operating revenue, with no capitalized R&D expenses[65][66]. - The company has increased its R&D efforts in areas such as graphite, protective films, OCR glue, and chemical synthesis to prepare for product upgrades[67]. Market Presence and Strategy - The company operates subsidiaries in Jiangsu, Zhejiang, Guangdong, and Hong Kong, indicating a broad market presence[13]. - The company is focusing on expanding its product line to include electronic adhesive materials and optical materials, moving away from a primary focus on industrial adhesive materials[47]. - The company emphasizes innovation and customized solutions in response to market demands, positioning itself to capitalize on opportunities in environmentally friendly and high-tech product segments[39]. - The company plans to enhance its market position through strategic partnerships and resource integration, including a capital increase in SanDe Application Materials (Shenzhen) Co., Ltd.[51]. - The company is actively pursuing research and development through partnerships with universities and research institutions to foster innovation and meet market demands[91]. Risk Management - The report includes a detailed description of potential risks the company may face in the future[9]. - The company emphasizes the uncertainty of future plans and strategies, advising investors to be aware of investment risks[8]. - The company faces risks from macroeconomic fluctuations that could impact market demand for adhesive materials[141]. - The company acknowledges the risk of exchange rate fluctuations affecting its operating performance as it expands into overseas markets[143]. Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company maintains a profit distribution policy that prioritizes cash dividends, with a minimum cash distribution of 15% of distributable profits if conditions are met[151]. - The company’s profit distribution policy requires approval from the board and must consider the opinions of independent directors and shareholders[156]. - The company has a mechanism for adjusting its profit distribution policy based on actual conditions and stakeholder feedback[156]. Environmental and Social Responsibility - The company is committed to environmental protection and safety production, addressing potential risks associated with pollution and operational safety[146]. - The company invested RMB 2,456.35 million in environmental protection, accounting for 2.64% of total revenue[111]. - The company faced an administrative penalty of CNY 200,000 from the Zhangjiagang Environmental Protection Bureau for exceeding emission standards[190]. - The company has taken corrective measures to address the environmental compliance issues and has ensured that emissions are now within the required standards[190]. Shareholder Commitments and Stock Management - The controlling shareholders committed to bear any financial losses incurred by the company due to the use of unregistered buildings[169]. - The company has made a written commitment regarding the repurchase of shares in case of significant violations in information disclosure[169]. - The company plans to repurchase shares if the stock price falls below 120% of the net asset value per share for five consecutive trading days[172]. - The controlling shareholder commits to a single purchase amount of no less than RMB 10 million and no more than RMB 30 million for share buybacks[172]. - The company will disclose any failure to fulfill commitments in a timely manner to protect investor rights[175].

Financial Performance - Operating revenue for the first nine months rose by 14.54% to CNY 677,104,766.90 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 82.86% to CNY 3,124,583.60 for the first nine months[6] - Basic earnings per share dropped by 85.71% to CNY 0.02[6] - The company reported a 14.54% increase in sales revenue year-on-year, but gross margin decreased by 7.28%[12] - The company’s net profit for the first three quarters of 2019 was ¥3,226,537.05, down from ¥19,520,955.68 in the same period of 2018[27] - The company’s total operating revenue for the first three quarters of 2019 was ¥677,104,766.90, a 14.5% increase from ¥591,147,165.01 in the first three quarters of 2018[26] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 46,201,250.20, a significant recovery from a negative cash flow of CNY -53,750,458.75 in the previous year[6] - The cash flow from operating activities showed a net increase to CNY 46,201,250.20, compared to a negative CNY 53,750,458.75 in the previous year[14] - The net cash flow from operating activities for the first three quarters of 2019 was approximately CNY 46.20 million, a recovery from a negative cash flow of CNY 53.75 million in the same period of 2018[36] - The company experienced a net cash outflow from investing activities of approximately CNY 87.65 million in the first three quarters of 2019, an improvement from a net outflow of CNY 140.76 million in the same period of 2018[37] - Total cash inflow from operating activities decreased to ¥129,773,939.07 in 2019 from ¥275,233,084.05 in 2018, representing a decline of approximately 53%[38] Assets and Liabilities - Total assets increased by 6.35% year-on-year to CNY 1,410,657,916.51[6] - Current liabilities rose to CNY 466,043,148.53, compared to CNY 420,159,140.15, indicating an increase of approximately 10.9%[21] - Total liabilities reached CNY 583,926,569.76, up from CNY 516,816,811.49, marking a growth of around 12.9%[21] - Shareholders' equity totaled CNY 826,731,346.75, an increase from CNY 809,635,331.57, reflecting a growth of about 2.8%[21] - The company reported a total liability of ¥105,649,754.83, with current liabilities at ¥104,305,608.70 and non-current liabilities at ¥1,344,146.13[48] Shareholder Information - The total number of shareholders reached 16,933 by the end of the reporting period[8] - Major shareholders include Zhou Xiaonan and Zhou Xiaodong, holding 28.87% and 28.30% of shares respectively, both of which are pledged[8] Investments and Acquisitions - The company completed the acquisition of a 51% stake in SanDe Application Materials (Shenzhen) Co., Ltd. for CNY 21 million[15] - The company reported a significant increase in long-term equity investments to CNY 501,712,780.57 from CNY 373,671,938.55, representing a growth of approximately 34.3%[24] Financial Expenses - Financial expenses increased by 43.67% to CNY 10,562,386.24 due to increased bank borrowings[13] - The company’s financial expenses included interest expenses of approximately CNY 843.45 million in Q3 2019, down from CNY 1.07 million in Q3 2018[32] Research and Development - Research and development expenses for Q3 2019 amounted to ¥8,080,595.50, an increase of 55.4% from ¥5,209,641.31 in Q3 2018[26] - Research and development expenses for the first three quarters of 2019 amounted to approximately CNY 5.10 million, down from CNY 10.25 million in the same period of 2018[32] Other Financial Metrics - The weighted average return on equity fell by 1.95 percentage points to 0.39%[6] - Non-recurring gains and losses totaled CNY 2,602,086.45 for the third quarter[7] - The company reported a total comprehensive income of ¥476,188.47 for Q3 2019, down from ¥1,219,640.73 in Q3 2018[28]

证券代码：603683 证券简称：晶华新材 公告编号：2019-044 上海晶华胶粘新材料股份有限公司 关于参加上海辖区上市公司投资者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工作，上海晶华胶粘新材料股份有限公司（以 下简称"公司"）将参加由上海上市公司协会、上证所信息网络有限公司共同举办的 "2019 年上海辖区上市公司投资者集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将在上证所信息网络有限公司提供的平台，采取网络远程 的方式举行,投资者可以登录"上证路演中心"网站（http://roadshow.sseinfo.com） 或关注微信公众号：上证路演中心（sse_roadshow），参与公司本次投资者集体接待 日活动，活动时间为 2019 年 9 月 26 日（星期四）下午 15:00 至 17:00。届时公司董 事会秘书潘晓婵女士和财务总监尹力先生将通过网络在线交流形式与投资者就公司 治理、发展战略、经营状况、融资计划、股权激励和可持续发展等投 ...

Financial Performance - The company reported no non-operating fund occupation by controlling shareholders or related parties[6]. - The financial report for the first half of 2019 has not been audited[7]. - The company’s main accounting data and financial indicators will be detailed in the subsequent sections of the report[19]. - The company's revenue for the first half of the year reached ¥430.45 million, an increase of 8.96% compared to ¥395.06 million in the same period last year[20]. - Net profit attributable to shareholders decreased by 75.62% to ¥4.24 million from ¥17.41 million year-on-year[20]. - The basic earnings per share dropped by 78.57% to ¥0.03 from ¥0.14 in the previous year[20]. - The weighted average return on equity fell by 1.70 percentage points to 0.53% from 2.23% year-on-year[20]. - Operating cash flow turned positive with a net amount of ¥20.68 million, compared to a negative cash flow of ¥20.23 million in the previous year[21]. - The company achieved total operating revenue of 430.45 million RMB in the first half of 2019, a year-on-year increase of 8.96%[48]. - Net profit attributable to shareholders was 4.24 million RMB, a decrease of 75.62% compared to the same period last year[48]. - The company reported a net profit margin of approximately -0.1% for the first half of 2019, indicating a slight loss compared to the previous year[137]. - The total comprehensive income for the first half of 2019 was CNY 4,742,276.97, compared to CNY 19,185,203.97 in the previous year, indicating a decrease of approximately 75.7%[139]. - The company reported a total of 4,898.80 million in revenue, with a net profit of 296.76 million[74]. Operational Challenges - The company experienced a 3.96% decline in gross profit margin despite an increase in sales revenue, attributed to fierce competition in the mid-to-low-end market[20]. - The company is in the process of relocating and integrating production capacity, with significant improvements in the production of industrial adhesive materials and electronic adhesive materials[43]. - The company reported a significant decrease in employee payables, down 37.19% to CNY 9,495,370.63, mainly due to the payment of last year's bonuses[54]. - The company faces risks from macroeconomic fluctuations, which could impact demand for its adhesive products across various industries[62]. - The company anticipates increased competition in the adhesive market, necessitating continuous innovation and brand enhancement to maintain market share[62]. - The company reported a net loss of CNY 1,362.42 million from its subsidiary Jiangsu Jinghua New Materials, indicating challenges in profitability[60]. Strategic Focus and Growth - The company is focusing on high-value-added products and expanding its market presence in the electronic adhesive tape sector, which is expected to be a new growth point[29]. - The company is focusing on green and environmentally friendly production methods, with an emphasis on low-pollution water-based adhesives and hot melt adhesives as future mainstream products[32]. - The company aims to expand its product offerings and market coverage by integrating its supply chain and developing new product lines in electronic adhesive materials and chemical products[39]. - The company plans to focus on high-end, innovative, and environmentally friendly new materials, leveraging technological innovation for competitive advantage[44]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its market position[150]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[150]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the Zhejiang Provincial Environmental Protection Department[93]. - The company reported a total nitrogen discharge of 0.348 tons, exceeding the standard limit of 10 mg/L[95]. - The company has implemented a zero discharge policy for industrial wastewater, ensuring that domestic wastewater meets GB/T31962-2015 standards[103]. - The company has established a comprehensive environmental risk management plan, including emergency response and monitoring systems[108]. - The company received an administrative penalty from the Zhangjiagang Environmental Protection Bureau on August 9, 2019, indicating ongoing regulatory scrutiny[102]. - Jiangsu Jinghua was fined RMB 200,000 for exceeding the toluene emission standards, with concentrations at 170 mg/m³ and a discharge rate of 29.2 kg/h[103]. Shareholder and Governance Matters - The company did not distribute cash dividends or issue bonus shares for the first half of 2019[4]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, with specific conditions for share price adjustments based on market performance[68]. - The company will repurchase all newly issued shares if any significant violations in information disclosure are confirmed by regulatory authorities[74]. - The company will initiate stock price stabilization measures if the stock price falls below 120% of the net asset value per share for five consecutive trading days[76]. - The company’s controlling shareholders have committed to vote in favor of share repurchase proposals at shareholder meetings[76]. - The company has a total guarantee amount of RMB 313,419,279.98, which accounts for 39.37% of its net assets[91]. Financial Position and Assets - The company’s total assets include overseas assets amounting to approximately 104.61 million RMB, accounting for 7.63% of total assets[36]. - As of June 30, 2019, total assets amounted to RMB 1,371,865,139.22, an increase from RMB 1,326,452,143.06 at the end of 2018[129]. - The company reported accounts receivable of RMB 131,010,325.55, slightly down from RMB 133,586,029.60, indicating a decrease of about 2%[129]. - The company reported a total of 4,898.80 million in revenue, with a net profit of 296.76 million[74]. - The total owner's equity at the end of the reporting period was 628,754,765.76 RMB, down from 632,653,174.31 RMB at the beginning of the year[162]. Research and Development - The company has applied for 9 new patents, bringing the total to 50 authorized patents, including 15 invention patents and 35 utility model patents, showcasing its commitment to R&D and innovation[37]. - Research and development expenses for the first half of 2019 were CNY 10,627,646.04, down from CNY 14,681,615.88 in the same period of 2018, a reduction of about 27.8%[141]. Accounting and Reporting - The company’s accounting policies are in accordance with the relevant enterprise accounting standards, ensuring accurate financial reporting[173]. - The company has maintained its consolidated financial reporting scope, including subsidiaries such as Guangdong Jinghua Technology Co., Ltd. and Zhejiang Jingxin Special Paper Co., Ltd., with no changes during the reporting period[169]. - The company must adjust the financial statements of subsidiaries to align with its accounting policies if there are discrepancies[180].