Financial Performance - The company's operating revenue for the first half of the year reached ¥395,060,730.01, representing a 17.53% increase compared to ¥336,130,048.52 in the same period last year[20]. - The net profit attributable to shareholders decreased by 25.12% to ¥17,412,788.75 from ¥23,252,724.60 year-on-year[20]. - The net cash flow from operating activities was negative at -¥20,226,284.45, a decline of 336.32% compared to ¥8,558,744.73 in the previous year[20]. - The company's total assets increased by 6.56% to ¥1,237,513,131.64 from ¥1,161,322,031.05 at the end of the previous year[20]. - Basic earnings per share dropped by 43.83% to ¥0.1375 from ¥0.2448 in the same period last year[22]. - The weighted average return on net assets decreased by 2.56 percentage points to 2.23% from 4.79% year-on-year[22]. - In the first half of 2018, the company achieved total operating revenue of 395 million RMB, with a net profit attributable to shareholders of 17.41 million RMB, a decrease of 25.12% year-on-year[44]. Operational Overview - The report covers the period from January 1, 2018, to June 30, 2018[10]. - The company operates under various subsidiaries, including Guangdong Jinhua and Zhejiang Jinxin, which contribute to its overall business[10]. - The company is focused on adhesive materials, including various types of adhesive tapes and glues, which are critical to its product offerings[10]. - The company employs a production model based on customer orders, ensuring that production aligns with market demand[27]. - The company has established three major business divisions: Industrial Adhesive Materials, Electronic Adhesive Materials, and Chemical Materials, aiming to expand into high-value-added products[48]. Research and Development - The company has 13 invention patents, 25 utility model patents, and 5 design patents, showcasing its R&D technology advantages and commitment to innovation[39]. - The company is focusing on the development of high-end, innovative, and environmentally friendly new materials, leveraging technology innovation as a strategic support for industrial transformation[46]. - The company has made significant breakthroughs in R&D, with 7 new patent applications submitted, totaling 43 authorized patents, including 13 invention patents and 25 utility model patents[46]. Market and Competition - The adhesive tape industry is highly competitive, with global leaders like 3M, Tesa, Nitto Denko, and Lintec dominating the mid-to-high-end market, while domestic manufacturers occupy a significant portion of the low-end market[30]. - Domestic manufacturers are gradually developing import substitution products, with high-end adhesive tape products primarily occupied by foreign firms due to their comprehensive product structure and advanced technology[31]. - The growth of general adhesive tape products is expected to slow down as the market becomes saturated, leading to increased competition based on technology and brand rather than price[33]. - The demand for environmentally friendly and high-tech products is anticipated to rise, with a shift towards low-pollution water-based and hot-melt adhesives[33]. Financial Management and Compliance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the report's integrity[7]. - The report includes a risk statement indicating that future plans and strategies involve uncertainties and do not constitute a commitment to investors[5]. - The company reported no non-operational fund occupation by controlling shareholders or related parties[6]. - The financial report for the first half of 2018 has not been audited[7]. - The company is committed to improving production efficiency and reducing costs through technological upgrades and resource recycling[44]. Environmental Compliance - The company is classified as a key pollutant discharge unit in Shanghai, with specific measures in place for air and wastewater treatment[86]. - The company has implemented a waste management strategy, ensuring that all hazardous waste is disposed of by qualified entities[87]. - The company has established a clean production initiative to ensure wastewater discharge meets national standards[87]. - The company has a comprehensive emergency response plan for environmental incidents, detailing risk analysis and emergency response procedures[95]. - The company has received corrective orders from the environmental protection bureau for violations related to hazardous waste storage[99]. Shareholder and Governance Policies - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves for the first half of 2018[4]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with a lock-up period extending by 6 months if the closing price falls below the issue price for 20 consecutive trading days within the first 6 months[65]. - The company’s major shareholders are also subject to a 12-month lock-up period, during which they cannot transfer their shares[66]. - The company has implemented strict compliance measures for share transfers to ensure adherence to relevant laws and regulations[66]. Risks and Challenges - The company faces risks from macroeconomic fluctuations, which could impact the demand for its adhesive products across various industries[59]. - Increased market competition is anticipated, with potential risks if the company fails to innovate and maintain product quality[59]. - The company is exposed to foreign exchange risks due to its expanding overseas market and increasing export sales[60]. - Accounts receivable risk may rise as the company scales, potentially leading to bad debt losses if economic conditions change[61].

Financial Performance - Operating revenue rose by 14.56% to CNY 173,581,741.82 year-on-year[5] - Net profit attributable to shareholders decreased by 48.47% to CNY 4,613,925.03 compared to the same period last year[5] - Basic and diluted earnings per share fell by 55.56% to CNY 0.04[5] - Total operating revenue for Q1 2018 was CNY 173,581,741.82, an increase of 14.6% compared to CNY 151,520,276.42 in the same period last year[25] - Net profit for Q1 2018 was CNY 4,978,421.77, a decrease of 45.9% from CNY 9,188,361.92 in Q1 2017[26] - The total operating profit for Q1 2018 was CNY 1,654,528.80, a decrease from CNY 5,931,676.55 in the same period last year, representing a decline of approximately 72%[29] - The net profit for Q1 2018 was CNY 1,662,604.88, down from CNY 5,751,581.26 in the previous year, indicating a decrease of about 71%[29] - The comprehensive income for Q1 2018 was CNY 1,381,528.51, a significant decrease from CNY 8,611,829.07 in Q1 2017[27] Cash Flow - Cash flow from operating activities worsened by 55.71%, resulting in a net outflow of CNY 21,548,156.20[5] - The net cash flow from operating activities for Q1 2018 was -21,548,156.20 RMB, a decrease of 55.71% compared to the previous period[13] - Cash inflow from operating activities totaled CNY 178,738,251.49, compared to CNY 158,304,770.45 in Q1 2017, reflecting an increase of approximately 13%[32] - The net cash flow from operating activities was negative CNY 21,548,156.20, worsening from negative CNY 13,838,297.87 year-over-year[32] - Cash inflow from investment activities was CNY 132,998,993.29, significantly higher than CNY 85,167.49 in the previous year[32] - The net cash flow from investment activities was CNY 1,985,353.17, recovering from a negative CNY 46,096,453.29 in the same period last year[32] - Cash inflow from financing activities amounted to CNY 55,247,679.85, compared to CNY 52,118,190.30 in Q1 2017, showing an increase of about 4%[33] - The net cash flow from financing activities was CNY 40,800,565.77, up from CNY 34,745,892.79 year-over-year, indicating a growth of approximately 17%[33] Assets and Liabilities - Total assets increased by 2.30% to CNY 1,188,037,233.90 compared to the end of the previous year[5] - Current assets totaled 616,763,314.95 RMB, a slight decrease from 632,951,990.80 RMB at the beginning of the year[16] - The company's total liabilities were 401,057,683.33 RMB, up from 375,724,008.99 RMB at the beginning of the year[18] - The company's cash and cash equivalents increased to 256,091,081.31 RMB from 245,785,102.89 RMB at the beginning of the year[16] - The company reported a decrease in accounts receivable to 98,462,329.90 RMB from 101,170,197.40 RMB at the beginning of the year[16] - The company’s total equity as of March 31, 2018, was 786,979,550.57 RMB, slightly up from 785,598,022.06 RMB at the beginning of the year[18] - Current liabilities rose to CNY 237,187,486.87, up from CNY 190,921,552.51, indicating a year-over-year increase of 24.2%[22] - The total equity of the company was CNY 578,732,179.02, slightly up from CNY 577,069,574.14, showing a marginal increase of 0.3%[22] Investments and Partnerships - The company invested 20 million RMB to establish a partnership for asset management, completing an initial contribution of 10 million RMB by April 4, 2018[13] - The company has used a total of 260,125,229 RMB of raised funds to increase capital in its wholly-owned subsidiary, Jiangsu Jinghua New Materials Technology Co., Ltd.[14] - The company reported an investment income of CNY 1,438,459.56, compared to CNY 2,000,000.00 in the previous year[28] Shareholder Information - The number of shareholders reached 19,615 at the end of the reporting period[10] - Basic and diluted earnings per share for Q1 2018 were CNY 0.04, down from CNY 0.09 in the same quarter last year[27] Government Support - Government subsidies recognized in the current period amounted to CNY 508,118[7]

Financial Performance - In 2017, the company achieved a net profit of ¥11,052,440.18, with a distributable profit of ¥9,947,196.16 after statutory surplus reserve allocation[5]. - The total distributable profit available to shareholders as of December 31, 2017, was ¥65,668,395.11, including retained earnings from previous years[5]. - The company proposed a cash dividend of ¥0.50 per 10 shares, totaling ¥6,333,500.00, which represents 15.23% of the net profit attributable to shareholders for the year[5]. - The company's operating revenue for 2017 was CNY 727,532,240.58, representing a year-on-year increase of 10.78% compared to CNY 656,724,857.09 in 2016[22]. - The net profit attributable to shareholders for 2017 was CNY 41,577,488.27, a decrease of 19.36% from CNY 51,559,298.16 in 2016[22]. - The net profit after deducting non-recurring gains and losses was CNY 40,351,596.85, down 21.59% from CNY 51,459,029.22 in 2016[22]. - The gross profit margin was 23.96%, down by 2.48 percentage points compared to the previous year[54]. - The company reported a significant increase in revenue, achieving a total of $X million for the year, representing a Y% growth compared to the previous year[147]. Audit and Compliance - The company has received a standard unqualified audit report from Tianheng Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - There are no non-operating fund occupations by controlling shareholders or related parties, and no violations in decision-making procedures for external guarantees[7]. - The company maintains a commitment to transparency and accountability, with all board members present at the board meeting[7]. - The company emphasizes risk management and compliance, aiming to strengthen its internal control systems across various operational areas[122]. Operational Strategy - The company operates in the adhesive materials industry, focusing on the research, production, and sales of various adhesive products, including masking tape and electronic adhesive tape, with applications in construction, automotive, electronics, and packaging sectors[32]. - The company adopts a "sales-driven production" model, coordinating production based on customer orders and utilizing ERP systems for real-time data sharing[33]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[22]. - The company aims to provide comprehensive solutions tailored to customer needs, moving from being a product supplier to a solution provider[37]. Research and Development - The company emphasizes its focus on research and development of new products and technologies to enhance market competitiveness[10]. - The company has 13 invention patents, 24 utility model patents, and 5 design patents, showcasing its R&D technology advantages[42]. - Research and development expenses totaled 31,889,476.45 CNY, representing an 8.96% increase compared to the previous year[57]. - The company is actively pursuing R&D collaborations with universities to enhance technological innovation and meet market demands[94]. Market Environment - The adhesive products market is highly competitive, with international leaders like 3M and Tesa dominating the mid-to-high-end segments, while domestic manufacturers focus on cost advantages in the low-end market[35]. - The adhesive tape industry is transitioning from price competition to technology and brand competition, with a growing emphasis on R&D and customized solutions[36]. - The growth of general adhesive tape products is expected to slow down due to market saturation, while demand for eco-friendly and high-tech products is anticipated to rise[37]. - The company is positioned to benefit from the ongoing industry consolidation and upgrade, as firms with strong R&D capabilities and cost control will emerge as industry leaders[36]. Financial Management - The company has established a stable and scientific profit distribution policy, aiming for a minimum cash dividend of 15% of distributable profits when conditions allow[132]. - The company has committed to maintaining a lock-up period of 36 months for major shareholders post-IPO, preventing them from transferring shares during this period[138]. - The company has a policy in place to extend the lock-up period by 6 months if the stock price falls below the IPO price during the initial 6 months post-listing[139]. - The company has implemented measures to ensure that its directors and senior management adhere to these commitments regardless of changes in their positions[142]. Environmental Responsibility - The company has implemented environmental protection measures in its production processes, ensuring that pollutants are well-controlled and managed[128]. - The company has established a wastewater treatment system that operates effectively, ensuring that all wastewater discharges are within permissible limits[185]. - The company actively engages in charitable activities, enhancing its social image and gaining public support[182]. - The company has invested in clean production technologies to minimize environmental impact and ensure sustainable operations[183]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected total revenue of $C million[147]. - New product launches are anticipated to contribute an additional $D million in revenue, with a focus on expanding the product line[147]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $G million earmarked for potential deals[147]. - The company plans to enhance its marketing strategy, increasing the budget by $I million to drive brand awareness and customer engagement[147].

2017 年第三季度报告 公司代码：603683 公司简称：晶华新材 上海晶华胶粘新材料股份有限公司 2017 年第三季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2017 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 公司负责人周晓南、主管会计工作负责人郑艳及会计机构负责人（会计主管人员）尹力保证 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 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 | 880,898,817.83 | | 6 ...