Financial Performance - The company's operating revenue for 2021 was RMB 880,230,613.67, representing a 63.60% increase compared to RMB 538,046,840.26 in 2020 [21]. - The net profit attributable to shareholders for 2021 was RMB 100,436,604.25, a 93.97% increase from RMB 51,778,171.85 in the previous year [21]. - The net cash flow from operating activities reached RMB 150,058,924.56, marking a significant increase of 201.54% compared to RMB 49,764,782.27 in 2020 [21]. - The total assets of the company at the end of 2021 were RMB 884,501,858.77, up 17.27% from RMB 754,229,129.74 at the end of 2020 [21]. - The basic earnings per share for 2021 were RMB 1.15, a 94.92% increase from RMB 0.59 in 2020 [22]. - The weighted average return on equity for 2021 was 16.43%, an increase of 7.16 percentage points from 9.27% in 2020 [22]. - The company's net assets attributable to shareholders at the end of 2021 were RMB 661,020,143.71, reflecting a 13.88% increase from RMB 580,453,914.17 at the end of 2020 [21]. - The net profit attributable to shareholders increased by 93.97% year-on-year, primarily due to increased product sales and gross profit [23]. - The net cash flow from operating activities grew by 201.54% year-on-year, driven by higher product prices and increased sales volume [23]. Dividend Policy - The company plans to distribute a cash dividend of 3.5 CNY per 10 shares to all shareholders from the audited net profit of 2021 after allocating 10% to statutory surplus reserves [5]. - The company aims for a minimum cash dividend proportion of 80% for mature stages without major capital expenditure plans [157]. - The company has a cash dividend policy prioritizing sustainable returns to investors, with a minimum cash dividend ratio of 20% of the distributable profit [156]. - The company has a policy to ensure that the annual distributable profit is positive before declaring dividends [155]. Corporate Governance - The board of directors guarantees the truthfulness and completeness of the annual report, with no false records or misleading statements [7]. - The company has received a standard unqualified audit report from the accounting firm, ensuring the financial report's authenticity and completeness [4]. - There are no non-operating fund occupations by controlling shareholders or related parties, ensuring financial integrity [7]. - The company has not violated decision-making procedures in providing guarantees, maintaining compliance with regulations [8]. - The company has established effective management controls over its subsidiaries, enhancing overall operational efficiency and risk management [168]. - The company has implemented measures to maintain independence from its controlling shareholders, ensuring asset and operational autonomy [130]. - The company has a board of directors consisting of 8 members, including 3 independent directors, ensuring compliance with relevant laws and regulations [127]. - The supervisory board has 3 members, including 1 employee representative, effectively overseeing the company's financial practices and management compliance [128]. Research and Development - The company focuses on product research and development, technological innovation, and green production practices [34]. - The company has established a postdoctoral workstation and a graduate student workstation to foster talent collaboration with universities, supporting ongoing technological innovation [46]. - The company holds 19 authorized national invention patents and has applied for an additional 18, showcasing its commitment to innovation [47]. - The company has introduced a new research project on the development of epoxy bornyl acetate, which is significant for applications in pharmaceuticals and coatings [86]. - The company aims to enhance existing product quality and develop high-value, high-tech new products to align with market trends [83]. Market Position and Strategy - The company is positioned to benefit from the "carbon peak and carbon neutrality" policy initiatives [34]. - The company has established itself as a leading technology enterprise in the production of polyether amines and other chemical new materials [35]. - The company is actively expanding its market presence in North America and Europe, with a focus on diversifying its product offerings [41]. - The company is expected to play a significant role in the domestic market for polyether amines, given its technological leadership and market position [77]. - The company has a leading position in the domestic market, leveraging its comprehensive technology chain to create barriers for new entrants [48]. Environmental Compliance - The company has not encountered any major environmental violations or penalties during the reporting period, adhering to relevant environmental laws [173]. - The company has implemented a self-monitoring plan for environmental emissions, with all monitoring results meeting the required standards [181]. - The company has maintained compliance with national and local pollutant discharge standards, with no exceedances reported for wastewater, waste gas, or noise emissions [176]. - The company invested 1.3 million yuan in 2021 to upgrade the incinerator, replacing the rotary kiln with a new thermal oxidation system to improve high-concentration waste gas treatment efficiency [182]. Risk Management - The company emphasizes safety management in its large-scale production processes to mitigate risks of operational disruptions [124]. - The company faces risks from fluctuations in raw material prices, which could impact profit margins and operational stability [122]. - Increased environmental regulations may lead to higher operational costs, impacting the company's performance if compliance is not met [124]. Shareholder Engagement - The company has established a robust investor relations management system to protect shareholders' legal rights and actively engages with investors [184]. - The company held multiple shareholder meetings throughout 2021, approving various proposals including annual reports and investment agreements [130]. - The company is in the process of signing an investment agreement with the Taixing Economic Development Zone Management Committee [130]. Financial Management - The company has a comprehensive decision-making process for adjusting profit distribution policies, requiring approval from the board and shareholders [162]. - The company has not reported any significant accounting errors that required correction during the reporting period [195]. - The company has not engaged in any related party transactions that would compromise its interests [194].

Financial Performance - The company's operating revenue for Q3 2021 was ¥223,580,392.78, representing an increase of 84.73% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥17,648,508.15, a significant increase of 267.79% year-over-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥16,983,337.67, up 340.57% from the previous year[5]. - Total operating revenue for the first three quarters of 2021 reached ¥639,732,721.08, a significant increase from ¥347,193,925.95 in the same period of 2020, representing an increase of approximately 84.2%[18]. - Net profit for the third quarter of 2021 was ¥68,403,296.74, up from ¥29,755,189.37 in the same quarter of 2020, reflecting an increase of approximately 129.0%[20]. - The company achieved a total comprehensive income of ¥68,403,296.74 for the third quarter of 2021, compared to ¥29,755,189.37 in the same quarter of 2020, reflecting an increase of about 129.0%[21]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥118,491,220.12, reflecting a substantial increase of 363.41%[6]. - Cash flow from operating activities for the first three quarters of 2021 was ¥118,491,220.12, a substantial increase from ¥25,569,514.88 in the same period of 2020[23]. - The company reported a net increase in cash and cash equivalents of ¥30,253,332.27 for the first three quarters of 2021, contrasting with a decrease of ¥198,656.60 in the same period of 2020[23]. - Cash and cash equivalents stood at CNY 252,070,222.08, compared to CNY 193,100,688.89 at the end of 2020, representing a growth of approximately 30.5%[14]. - The cash and cash equivalents balance at the end of the period was 202,156,021.16[24]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥863,182,496.10, marking a 14.45% increase from the end of the previous year[6]. - As of September 30, 2021, the total assets of Wuxi Acolyte Technology Co., Ltd. amounted to CNY 863,182,496.10, an increase from CNY 754,229,129.74 at the end of 2020, representing a growth of approximately 14.5%[16]. - The total liabilities increased to CNY 239,333,050.96 from CNY 170,087,981.34, reflecting a rise of approximately 40.7%[16]. - The total equity attributable to shareholders rose to CNY 620,370,690.68, compared to CNY 580,453,914.17 at the end of 2020, marking an increase of about 6.9%[16]. - The equity attributable to shareholders increased to ¥620,370,690.68, which is a 6.88% rise compared to the previous year-end[6]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,865[12]. - The largest shareholder, Zhu Xuejun, holds 24.92% of the shares, with 21,915,700 shares pledged[12]. Operational Insights - The company experienced a significant increase in export volume due to reduced competition from foreign counterparts, contributing to higher gross margins and net profits[10]. - The increase in revenue was primarily driven by rising raw material prices, which also led to higher selling prices and increased sales volume[10]. - The company reported a total of ¥336,533.46 in government subsidies recognized during the reporting period, contributing positively to the financial results[9]. - The company has not reported any significant new product developments or market expansions during the reporting period[13]. Costs and Expenses - Total operating costs for the first three quarters of 2021 were ¥563,127,943.56, compared to ¥315,879,542.27 in 2020, marking an increase of about 78.5%[19]. - Research and development expenses for the first three quarters of 2021 were ¥25,296,976.04, significantly higher than ¥10,763,653.68 in 2020, indicating an increase of approximately 134.0%[19]. Earnings Per Share - Basic earnings per share for the year-to-date period was ¥0.20, an increase of 125.32% compared to the same period last year[6]. - Basic earnings per share for the third quarter of 2021 were ¥0.78, compared to ¥0.35 in the same quarter of 2020, indicating a growth of 122.9%[21]. Leasing Standards - The company has adopted the new leasing standards starting from 2021, affecting the financial statements[24].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[1]. - The net profit attributable to shareholders reached 300 million RMB, up 15% compared to the same period last year[1]. - The company's operating revenue for the first half of 2021 reached ¥416,152,328.30, an increase of 84.00% compared to ¥226,165,309.24 in the same period last year[22]. - Net profit attributable to shareholders was ¥50,963,268.36, representing a growth of 102.78% from ¥25,132,404.53 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥49,499,593.43, up 106.91% from ¥23,923,002.63 year-on-year[22]. - The net cash flow from operating activities increased by 85.01% to ¥44,714,054.89, compared to ¥24,168,728.84 in the same period last year[22]. - The company reported a significant improvement in cash flow due to better collection of receivables and increased selling prices[24]. - The company reported a total profit of 1,463,674.93, with an income tax impact of -258,295.58[28]. - The company reported a total transaction amount of 600,000 yuan with its affiliate, Zhongfu (Wuxi) New Energy Co., Ltd., for equipment during the reporting period[93]. - The company reported a significant increase in revenue, achieving a total of $500 million for the quarter, representing a 25% year-over-year growth[87]. - The company achieved a net profit of 2,788.09 million, reflecting a 6% increase from the prior period[60]. User Growth and Market Expansion - User data indicates a growth in active users by 25%, reaching a total of 2 million active users[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[1]. - The company is actively expanding its market presence in North America and Europe, capitalizing on the supply shortages in the polyether amine market[43]. - Market expansion plans include entering three new international markets by the end of the fiscal year, which could increase user base by 20%[87]. Product Development and Innovation - New product development includes the launch of a next-generation fuel cell technology, expected to enhance efficiency by 30%[1]. - The company is investing 200 million RMB in R&D for sustainable energy solutions over the next two years[1]. - The company has invested in R&D to enhance new product development, improve existing product quality, and increase production efficiency, with a focus on high-value, high-tech new products[37]. - The company is focusing on continuous product development, particularly in polyether amines, to expand its application areas[62]. - The company has developed advanced continuous fixed-bed catalytic amination technology and specialized catalysts for polyether amines, establishing itself as a high-tech enterprise in Jiangsu Province[39]. - The company is investing $30 million in research and development for new technologies aimed at enhancing user experience[87]. Financial Guidance and Projections - The company has set a revenue guidance of 3 billion RMB for the full year 2021, indicating a projected growth of 10%[1]. - The company provided guidance for the next quarter, projecting revenue between $520 million and $550 million, indicating a potential growth of 4% to 10%[87]. - Future guidance indicates a commitment to maintaining a strong financial position while pursuing strategic acquisitions[144]. Strategic Acquisitions and Investments - A strategic acquisition of a local competitor is in progress, which is anticipated to increase production capacity by 40%[1]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[87]. - The company plans to invest ¥350 million to establish a wholly-owned subsidiary, Akoli Technology (Taixing) Co., Ltd., which was registered on June 3, 2021[56]. Risk Management and Challenges - The management highlighted potential risks including supply chain disruptions and regulatory changes in the industry[1]. - The company faces risks from fluctuations in raw material prices, which could impact gross margins and profitability[61]. - The company anticipates increased costs due to stricter environmental regulations, which may affect overall performance[63]. - The competitive landscape is intensifying with domestic players entering the polyether amine market, increasing competition[62]. Environmental Compliance and Sustainability - The company has committed to strict adherence to environmental laws and regulations, ensuring sustainable operations[74]. - Company has implemented effective pollution control facilities, ensuring compliance with environmental standards[78]. - Environmental monitoring results for wastewater, waste gas, and noise all met regulatory standards during the reporting period[81]. - The company has established emergency response plans for environmental incidents, registered with local environmental authorities[80]. Corporate Governance and Shareholder Information - The company held its 2020 annual general meeting on April 23, 2021, where resolutions regarding the 2020 annual report and profit distribution were approved[66]. - The company reported no profit distribution or capital reserve transfer for the first half of 2021, with no dividends or stock bonuses declared[70]. - The company appointed Shen Dalong as an independent director and chair of the audit committee on April 23, 2021, following the resignation of Wang Pengfei[69]. - The total number of shares and capital structure of the company remained unchanged during the reporting period[98]. - The total number of common shareholders at the end of the reporting period is 8,175[101]. Financial Position and Assets - The company's total assets at the end of the reporting period were ¥834,317,609.66, a 10.62% increase from ¥754,229,129.74 at the end of the previous year[22]. - The total liabilities increased, with accounts payable rising by 63.49% to ¥51,335,080.27, driven by higher raw material costs[53]. - The total current assets reached CNY 462,019,357.55, up from CNY 385,296,568.15 at the end of 2020, reflecting a growth of approximately 19.9%[116]. - The company's cash and cash equivalents stood at CNY 207,305,055.65, a substantial increase from CNY 193,100,688.89 at the end of 2020, showing a growth of about 7.2%[116]. Research and Development - Research and development expenses increased by 131.87% to RMB 17.02 million, reflecting a significant increase in R&D investment[50]. - The company has 6 ongoing R&D projects, including the development of epoxy isobornyl compounds, which are important intermediates for various applications[46]. - The company actively collaborates with universities for talent development, ensuring a continuous supply of skilled personnel for technological advancement[36].

2021 年第一季度报告 公司代码：603722 公司简称：阿科力 无锡阿科力科技股份有限公司 2021 年第一季度报告 2.1 主要财务数据 3 / 19 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 817,574,897.92 754,229,129.74 8.40 归属于上市公司股东 的净资产 603,855,317.05 580,453,914.17 4.03 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的现金 流量净额 15,305,065.35 9,624,362.64 59.02 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 189,651,869.45 107,916,541.62 75.74 归属于上市公司股东 的净利润 21,241,402.88 10,758,153.24 97.44 归属于上市公司股东 的扣除非经常性损益 的净利润 20,230,218.57 10,482,874.31 92.98 加权平均净资产收益 率（%） 3.57 1.97 增加 1.60 个百分点 基本每股收益（元/ ...

Financial Performance - The company's operating revenue for 2020 was RMB 538,046,840.26, representing a 6.55% increase compared to RMB 504,989,521.39 in 2019 [24]. - The net profit attributable to shareholders for 2020 was RMB 51,778,171.85, a 32.06% increase from RMB 39,207,013.28 in the previous year [26]. - The net cash flow from operating activities increased by 17.12% to RMB 49,764,782.27 in 2020, up from RMB 42,491,441.71 in 2019 [26]. - Basic earnings per share rose to RMB 0.59 in 2020, a 31.11% increase from RMB 0.45 in 2019 [25]. - The total assets at the end of 2020 were RMB 754,229,129.74, reflecting a 9.83% increase from RMB 686,723,670.89 at the end of 2019 [24]. - The net assets attributable to shareholders increased by 7.20% to RMB 580,453,914.17 at the end of 2020, compared to RMB 541,469,349.60 at the end of 2019 [24]. - The company achieved operating revenue of 538.05 million yuan, an increase of 6.55% year-on-year, and a net profit attributable to the parent company of 51.78 million yuan, up 32.06% year-on-year [49]. Dividend Policy - The company plans to distribute a cash dividend of 4 CNY per 10 shares, totaling 35,175,000 CNY (including tax) from the audited net profit for 2020 [5]. - The cash dividend payout ratio for 2020 was 67.93%, compared to 67.10% in 2019 and 51.88% in 2018 [126]. - The company aims to distribute at least 80% of profits as cash dividends during mature stages without significant capital expenditures [120]. - The company's profit distribution policy requires that the distributable profit must be positive and that the asset-liability ratio does not exceed 70% [119]. - The company's profit distribution plan must be approved by the board and consider the opinions of independent directors and minority shareholders [121]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm [4]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion, indicating effective financial reporting internal controls as of December 31, 2020 [192]. - There were no significant changes in accounting policies or estimates that affected the financial statements during the reporting period [129]. - The company did not receive any non-standard audit opinions from the accounting firm [129]. - The company has not engaged any foreign accounting firms for auditing services [130]. Risk Management - The company has detailed potential industry and operational risks in the report [9]. - The report includes a forward-looking statement risk declaration, cautioning investors about investment risks [6]. - The company faces risks from fluctuations in raw material prices, which could impact gross margins and profitability [113]. - The company has established a comprehensive safety management system to minimize production risks, although unexpected incidents could still impact operations [114]. Research and Development - The company invests in R&D to enhance new product development, improve existing product quality, and increase production efficiency, with a focus on high-value, high-tech new products [41]. - The company has applied for 16 national invention patents and has been recognized as a technology innovation demonstration enterprise in the petrochemical industry [44]. - The company is currently in the R&D scale-up phase for optical-grade cyclic olefin copolymer products [53]. - The company is focusing on diversifying its strategy by developing solid oxide fuel cells for new energy supercharging stations [112]. Market Position and Strategy - The company specializes in the production of various chemical new materials, including polyether amines and optical-grade polymer materials, establishing a competitive position in the domestic market [36]. - The company is actively expanding its international market presence while accelerating new product development to broaden application fields and promote stable sales growth [39]. - The company has established long-term partnerships with well-known enterprises such as Hexion, Lankao Chemical, Schlumberger, Nippon Paint, and PPG, leveraging product quality, pricing, supply speed, and service advantages to capture market share [39]. - The global market for polyether amines is projected to grow at a compound annual growth rate (CAGR) of 9.3%, reaching $1.074 billion by 2022, driven by the expansion of application fields [76]. Environmental and Social Responsibility - The company has increased its environmental protection investments, conducting LDAR testing four times in 2020 to reduce organic emissions [51]. - The company has complied with all relevant environmental laws and regulations without any penalties [148]. - The company donated RMB 500,000 to the Xishan District Charity Foundation for COVID-19 relief efforts [146]. - The company has actively participated in local charity initiatives, including building a hope primary school in Gansu [145]. Corporate Governance - The board of directors consists of 8 members, including 3 independent directors, and operates in compliance with relevant laws and regulations [186]. - The company maintains a governance structure that ensures equal treatment of all shareholders, particularly minority shareholders [186]. - The company has implemented strict information disclosure practices to enhance communication with investors [187]. - The company has established a robust investor relations management system, responding actively to shareholder inquiries [145].

Financial Performance - Operating revenue for the period was ¥347,193,925.95, representing a decrease of 9.76% year-on-year[7] - Net profit attributable to shareholders was ¥29,930,975.28, down 2.69% from the same period last year[7] - The net profit excluding non-recurring gains and losses was ¥27,777,871.78, an increase of 1.46% year-on-year[7] - Total operating revenue for Q3 2020 was ¥121,028,616.71, a decrease of 1.12% from ¥122,398,601.40 in Q3 2019[23] - Net profit for Q3 2020 was ¥4,753,205.08, down 62.73% from ¥12,739,634.22 in Q3 2019[25] - Total profit for Q3 2020 was ¥5,351,099.83, down 64.36% from ¥14,998,325.64 in Q3 2019[25] - Net profit for the first three quarters of 2020 was ¥29,755,189.37, down 3.21% from ¥30,741,571.42 in the same period of 2019[25] Cash Flow - Net cash flow from operating activities was ¥25,569,514.88, a significant decline of 46.17% compared to the previous year[7] - The company’s cash flow from operating activities decreased by 46.17% to 25,569,514.88 RMB compared to the previous year[14] - Cash flow from operating activities for the first nine months of 2020 was CNY 25,569,514.88, compared to CNY 47,504,500.01 in the previous year, reflecting a decline of approximately 46.3%[32] - The net cash flow from investment activities for the first nine months of 2020 was -CNY 2,797,473.83, an improvement from -CNY 41,339,828.30 in the same period of 2019[32] - The net cash flow from financing activities was -¥22,919,962.50, worsening from -¥15,340,000.00 in the previous year[34] Assets and Liabilities - Total assets at the end of the reporting period reached ¥702,899,155.15, an increase of 2.36% compared to the end of the previous year[7] - Total liabilities rose to ¥148,313,891.88, compared to ¥145,306,810.69, indicating an increase of about 2.1%[21] - Owner's equity reached ¥555,243,906.20, up from ¥541,606,252.06, reflecting a growth of approximately 2.2%[21] - The total assets as of the end of Q3 2020 were ¥686,723,670.89, remaining stable compared to the previous year[36] - Total liabilities amounted to CNY 145,345,589.60, with current liabilities at CNY 139,180,111.88 and non-current liabilities at CNY 6,165,477.72[37] Shareholder Information - The company reported a total of 10,000 shareholders at the end of the reporting period[11] - The total number of shareholders is 13,119[12] - The largest shareholder, Zhu Xuejun, holds 24,300,000 shares, representing 27.63% of the total shares, with 7,900,000 shares pledged[12] Expenses - The company reported a significant increase in management expenses by 77.47% to 30,053,922.67 RMB due to higher share-based payment expenses and environmental costs[14] - Research and development expenses for Q3 2020 were ¥3,423,940.85, a decrease of 33.73% from ¥5,167,130.97 in Q3 2019[23] Inventory and Receivables - Accounts receivable increased significantly to 6,643,580.00 RMB, a 564.36% increase compared to the previous period[13] - Inventory decreased to ¥43,974,179.40 from ¥46,506,129.06, representing a decline of about 5.4%[20] Government Support - Government subsidies recognized during the period amounted to ¥490,020.96, contributing to the overall financial performance[9]

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with a year-on-year growth of XX% compared to the same period last year[19]. - The company's operating revenue for the first half of 2020 was CNY 226,165,309.24, a decrease of 13.79% compared to the same period last year[20]. - Net profit attributable to shareholders increased by 39.61% to CNY 25,132,404.53, driven by a rise in market demand for fatty amine products despite a decrease in raw material prices[22]. - The net cash flow from operating activities rose by 28.92% to CNY 24,168,728.84, primarily due to lower raw material prices and reduced payments[21]. - Basic earnings per share increased by 38.10% to CNY 0.29, while diluted earnings per share also rose by the same percentage[21]. - The company's total assets at the end of the reporting period were CNY 693,837,818.00, reflecting a 1.04% increase from the previous year[20]. - The net assets attributable to shareholders increased by 0.93% to CNY 546,519,754.13[20]. - The company achieved operating revenue of 226.17 million yuan in the first half of 2020, a decrease of 13.79% year-on-year[44]. - The net profit attributable to the parent company was 25.13 million yuan, an increase of 39.61% compared to the same period last year[44]. Market Outlook and Expansion - The company provided a positive outlook for the second half of 2020, projecting a revenue increase of XX% based on current market trends and demand[19]. - The company is exploring market expansion opportunities in Southeast Asia, aiming for a XX% increase in market penetration by the end of 2021[19]. - The company is actively expanding its international market presence while accelerating new product development to enhance product application fields and promote stable sales growth[32]. - The company plans to focus on market expansion and new product development in the upcoming quarters[114]. Product Development and Innovation - New product development efforts are underway, focusing on innovative materials that are expected to launch in Q4 2020, potentially increasing market share[19]. - The company focuses on producing various chemical new materials, including polyether amines and optical-grade polymer materials, with a strong emphasis on R&D and proprietary technology[29]. - The company has invested in R&D to improve product quality, energy efficiency, production efficiency, and raw material utilization, focusing on high-value, high-tech new products[34]. - The company is developing environmentally friendly coatings using cyclic olefin monomers, which are key raw materials supported by national policies to reduce VOC emissions[36]. - As of June 30, 2020, the company has been granted 14 invention patents and has applied for 18 additional invention patents, indicating a strong focus on innovation and intellectual property[38]. Risk Management - The company has identified key risks in the industry, including supply chain disruptions and regulatory changes, which could impact future performance[5]. - The company faces risks from fluctuations in raw material prices, which could impact gross margins and profitability due to reliance on epoxy propane and other basic chemical products[58]. - Environmental regulations may increase operational costs, impacting profitability if the company fails to meet new standards[60]. Corporate Governance and Compliance - The board of directors confirmed that there are no non-operational fund usages by controlling shareholders, ensuring financial integrity[5]. - The company maintains a strong commitment to transparency and has outlined its risk management strategies in the report[5]. - The management emphasized adherence to regulatory compliance in all operational aspects, particularly concerning stock trading and shareholder agreements[69]. - The company has complied with all commitments made by shareholders and controlling parties, ensuring no violations occurred during the reporting period[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,609[88]. - The top ten shareholders hold a total of 24,300,000 shares, representing 27.63% of the total shares[90]. - Zhu Xuejun, the largest shareholder, has pledged 7,900,000 shares out of his total holdings[90]. - The company has 247,500 restricted shares that were released during the reporting period[87]. Environmental and Social Responsibility - The company has implemented environmental protection investments exceeding 3 million yuan for organic waste gas treatment upgrades in the first half of 2020[46]. - The company strictly adheres to environmental protection laws and has obtained the national pollutant discharge permit during the reporting period[79]. - The company has implemented measures to reduce waste emissions and improve product quality through enhanced process control[78]. Financial Reporting and Audit - The financial report for the first half of 2020 has not been audited, but management has assured its accuracy and completeness[6]. - The company has appointed Deloitte as the auditing firm for the fiscal year 2020, as approved in the annual shareholders' meeting held on May 21, 2020[72]. - The company has not experienced any non-standard audit reports for the previous fiscal year[72].

Financial Performance - The company's operating revenue for 2019 was CNY 504,989,521.39, representing a year-on-year increase of 19.54% compared to CNY 422,445,453.38 in 2018[21]. - The net profit attributable to shareholders for 2019 was CNY 39,207,013.28, up 17.30% from CNY 33,424,540.29 in the previous year[21]. - The basic earnings per share for 2019 increased by 15.38% to CNY 0.45, compared to CNY 0.39 in 2018[22]. - The net cash flow from operating activities for 2019 was CNY 42,491,441.71, reflecting a growth of 6.51% from CNY 39,895,200.52 in 2018[21]. - The total assets at the end of 2019 were CNY 686,723,670.89, a 1.67% increase from CNY 675,438,935.33 at the end of 2018[21]. - The net profit after deducting non-recurring gains for 2019 was CNY 34,796,206.40, up 13.71% from CNY 30,599,631.34 in 2018[21]. - The company reported a total profit of 7,675,539.29 RMB for the year, with a significant contribution from trading financial assets amounting to 2,935,495.24 RMB[27]. - The company’s trading financial assets increased from 70,046,301.37 RMB at the beginning of the year to 70,508,863.01 RMB at the end of the year, reflecting a change of 462,561.64 RMB[29]. - The company reported a significant increase in production and sales volume for fatty amines, with production up by 37.95% and sales up by 52.96%[58]. - The company achieved a total revenue of $500 million for the fiscal year, representing a 20% growth compared to the previous year[187]. Dividend Policy - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling 26,307,000 RMB (including tax) from the audited net profit for 2019[5]. - The cash dividend distribution for 2018 was 2 RMB per 10 shares, amounting to 17,340,000 RMB (including tax), with a net profit distribution rate of 51.88%[136]. - The cash dividend distribution for 2017 was 4 RMB per 10 shares, totaling 34,680,000 RMB (including tax), with a net profit distribution rate of 69.34%[136]. - The company emphasizes that any adjustments to the profit distribution policy must prioritize shareholder rights and undergo a rigorous decision-making process[134]. - The company’s profit distribution policy requires approval from both the board of directors and the shareholders' meeting before implementation[134]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm[4]. - The board of directors has ensured the accuracy and completeness of the annual report, taking legal responsibility for any misrepresentation[8]. - The company has not reported any violations of decision-making procedures regarding external guarantees[7]. - The company has not reported any non-standard audit opinions from its accounting firm[142]. - There are no significant changes in accounting policies or estimates that would impact the financial statements[143]. Market and Industry Position - The company specializes in producing various chemical new materials, including polyether amines and optical-grade polymer materials, establishing a strong competitive position in the domestic market[33]. - The company has achieved EU REACH certification for its polyether amine and (methacrylic) isobornyl acrylate products, enhancing its market credibility[33]. - The market demand for polyether amines has been consistently growing, with applications expanding in renewable energy, high-speed rail, and marine engineering, which are key areas encouraged by national industrial policies[38]. - The company is a leading domestic producer of polyether amines, with advanced technology in product development and production processes[82]. - The global polyether amine market is projected to reach $1.074 billion by 2022, with a compound annual growth rate (CAGR) of 9.3% from 2017 to 2022[116]. Research and Development - The company invests in R&D to enhance product quality, energy efficiency, and production efficiency, focusing on high-value new products with significant technological barriers[38]. - The company has applied for 11 invention patents in 2019, including 1 in the United States, and has a total of 14 authorized invention patents as of December 31, 2019[42]. - The company is committed to advancing research and development in nanomaterials and bio-based renewable materials to promote sustainable development in the coatings industry[80]. - The company plans to enhance the research of high transparency materials and their derivatives, focusing on applications in automotive coatings[120]. Environmental and Social Responsibility - The company strictly complies with environmental protection regulations and has obtained the national pollutant discharge permit during the reporting period[168]. - The company has established a comprehensive environmental management system to ensure compliance with various environmental laws and regulations[168]. - The company actively participates in charitable activities, donating funds to local charities and supporting education initiatives[167]. - The company has implemented employee welfare programs, including health checks and educational subsidies[166]. - The company is committed to social responsibility, enhancing its reputation and credibility through compliance and community engagement[166]. Strategic Growth and Expansion - The company plans to expand its production capacity with the completion of a project that produces 10,000 tons of fatty amines annually, which is expected to further boost sales[22]. - The company is actively expanding into international markets while accelerating new product development to broaden application fields and promote stable sales growth[36]. - The company is focusing on developing high-transparency materials, which are key raw materials for environmentally friendly coatings, indicating a strategic shift towards sustainable products[78]. - The company is exploring partnerships with local firms to strengthen its distribution network, aiming for a 20% reduction in logistics costs[187]. Governance and Management - The company has established a robust internal control system to enhance governance and decision-making processes[199]. - The board of directors consists of 8 members, including 3 independent directors, ensuring compliance with relevant laws and regulations[199]. - The supervisory board comprises 3 members, including 1 employee representative, effectively overseeing the legality and compliance of the board's and management's actions[200]. - The company has engaged in a board re-election process, with several directors and supervisors being elected during the reporting period[191].

Financial Performance - Net profit attributable to shareholders increased by 46.23% year-on-year, amounting to ¥10,758,153.24[6] - Operating revenue decreased by 22.03% year-on-year, totaling ¥107,916,541.62[6] - Basic earnings per share rose by 50.00% to ¥0.12[6] - The company reported a net profit of CNY 12,362,385.93 for Q1 2020, compared to a net profit of CNY 7,077,611.64 in Q1 2019, indicating a significant improvement[19] - The total profit for Q1 2020 was CNY 12,438,417.57, an increase of 47.5% compared to CNY 8,431,753.50 in Q1 2019[22] - The net profit for Q1 2020 was CNY 10,733,015.35, representing an increase of 46.0% from CNY 7,356,886.89 in Q1 2019[21] - The total comprehensive income for Q1 2020 was CNY 10,733,015.35, compared to CNY 7,356,886.89 in Q1 2019[21] Assets and Liabilities - Total assets at the end of the reporting period reached ¥687,576,916.99, a slight increase of 0.12% compared to the previous year[6] - Total assets amounted to ¥687,576,916.99, slightly up from ¥686,723,670.89 in the previous period[15] - Total assets as of March 31, 2020, were CNY 687,830,721.27, slightly up from CNY 686,913,062.75 at the end of 2019[19] - Total liabilities decreased to CNY 132,856,994.04 from CNY 145,306,810.69, a reduction of 8.5%[19] - Total liabilities amounted to CNY 145,345,589.60, with current liabilities at CNY 139,180,111.88[32] - The company reported a total asset value of CNY 686,723,670.89, with current assets at CNY 318,351,300.48[35] Cash Flow - Net cash flow from operating activities decreased by 28.17% year-on-year, amounting to ¥9,624,362.64[6] - The cash flow from operating activities in Q1 2020 was CNY 96,140,719.98, down from CNY 113,004,221.92 in Q1 2019[24] - The net cash flow from operating activities for Q1 2020 was ¥9,773,143.82, a decrease of 27.5% compared to ¥13,399,533.86 in Q1 2019[28] - The net cash flow from investing activities was -¥40,590,411.84, a significant decline compared to a positive cash flow of ¥19,841,713.40 in the same period last year[29] - The total cash outflow for investment activities was ¥111,533,208.28, which is an increase from ¥56,764,829.08 in the previous year[29] Shareholder Information - The total number of shareholders reached 11,227 by the end of the reporting period[9] - The largest shareholder, Zhu Xuejun, holds 27.71% of the shares, totaling 24,300,000 shares, with 7,900,000 shares pledged[9] Operating Costs and Expenses - Operating costs decreased by 32.95% to ¥79,929,225.08 from ¥119,200,616.02, as sales volume was lower than the same period last year[12] - Management expenses increased by 118.36% to ¥10,521,245.42 from ¥4,818,213.79, due to the accrual of share-based payment expenses[12] - Research and development expenses for Q1 2020 were CNY 3,102,468.45, slightly down from CNY 3,418,245.22 in Q1 2019[19] Government Subsidies - The company received government subsidies amounting to ¥416,167.96, which are closely related to its normal business operations[8] Changes in Financial Position - Cash and cash equivalents decreased by 30.83% to ¥76,425,884.03 from ¥110,486,932.29 due to the purchase of financial products[11] - Trading financial assets increased by 56.61% to ¥110,423,442.75 from ¥70,508,863.01, attributed to the purchase of financial products[11] - Other current assets decreased by 61.58% to ¥5,358,925.64 from ¥13,946,880.74, due to the completion of VAT deduction[11] - Deferred income tax assets increased by 138.04% to ¥951,915.95 from ¥399,898.52, resulting from the accrual of share-based payment expenses[11] - Contract liabilities amounted to ¥3,621,291.67, reflecting a 100% increase as a result of the new revenue recognition standards[12] - Accounts payable decreased by 37.52% to ¥20,081,853.09 from ¥32,143,750.54 due to partial payments for equipment[12]

2019 年第三季度报告 公司代码：603722 公司简称：阿科力 无锡阿科力科技股份有限公司 2019 年第三季度报告 1 / 27 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 9 | 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 公司负责人朱学军、主管会计工作负责人冯莉及会计机构负责人（会计主管人员）冯莉保证季 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 | | 672,951,669.19 | 675, ...