2022 年第三季度报告 证券代码：603739 证券简称：蔚蓝生物 青岛蔚蓝生物股份有限公司 2022 年第三季度报告 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法律责任。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同 期增减变动幅度(%) | 年初至报告期末 | 年初至报告期末比 上年同期增减变动 | | --- | --- | --- | --- | --- | | | | | | 幅度(%) | | 营业收入 | 296,818,060.89 | 4.68 | 829,413,977.94 | -0.39 | | 归属于上市公司股东的净利润 | 16,806,633.90 | -49.31 | 54,212,496.08 | -42 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥532.60 million, a decrease of 3.01% compared to ¥549.10 million in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥37.41 million, down 39.02% from ¥61.34 million in the previous year[18]. - The basic earnings per share decreased by 42.31% to ¥0.15 from ¥0.26 in the same period last year[18]. - The net cash flow from operating activities was approximately ¥15.76 million, a decrease of 2.74% compared to ¥16.20 million in the previous year[18]. - The total assets at the end of the reporting period increased by 6.74% to approximately ¥2.37 billion from ¥2.22 billion at the end of the previous year[18]. - The net assets attributable to shareholders increased by 0.32% to approximately ¥1.61 billion from ¥1.60 billion at the end of the previous year[18]. - The company reported a decrease of 50.00% in the basic earnings per share after deducting non-recurring gains and losses, from ¥0.20 to ¥0.10[18]. - The weighted average return on net assets decreased by 2.70 percentage points to 2.33% from 5.03% in the previous year[18]. Research and Development - The company invested CNY 49.99 million in R&D during the first half of 2022, accounting for 9.39% of its revenue, indicating a strong commitment to innovation[37]. - The company has developed 30 proprietary probiotic strains aimed at various health benefits, with 47 invention patents and 13 utility model patents applied for, enhancing its product portfolio in the health sector[35]. - The company has established 8 technology centers and 2 laboratories, employing 263 dedicated R&D personnel to drive sustainable development through continuous investment in new product development[25]. - The company is committed to developing new products and technologies to expand its market presence and improve product value[21]. Product Offerings and Market Focus - The company focuses on the research, production, and sales of enzyme preparations, micro-ecological preparations, and animal health products, aiming to provide core technology support for biomanufacturing and clean energy solutions for traditional industries[21]. - Key enzyme products include feed enzymes, industrial enzymes, food enzymes, and biocatalysts, which are designed to enhance feed utilization and reduce environmental pollution[22]. - The company’s micro-ecological preparations are applied across various sectors, including feed, agriculture, food, health, and pharmaceuticals, to promote gut health and enhance immune function in animals[23]. - The company aims to leverage big data systems for precise customization of enzyme combinations to maximize feed efficiency[22]. - The company is focused on expanding its product applications in various industries, including agriculture, food safety, and environmental protection[21]. Environmental Impact and Sustainability - The company sold enzyme products that cumulatively reduced carbon dioxide emissions by approximately 898,200 tons[73]. - The company’s phytase products reduced the use of dicalcium phosphate by approximately 368,800 tons and decreased phosphorus emissions into water and soil by 59,000 tons[73]. - The company actively promotes energy-saving measures, resulting in reduced consumption of raw materials, water, and electricity, thereby lowering pollutant emissions[76]. - The company has implemented new technologies and processes to improve production efficiency and quality, which has led to reduced energy consumption and carbon emissions[77]. Market Risks and Challenges - The company faces market competition risks in the enzyme preparation, micro-ecology, and animal protection industries, which could impact future performance if not addressed[62]. - Risks related to livestock epidemics and natural disasters could lead to significant economic losses and reduced demand for animal feed and related products[62]. - The company is exposed to raw material price fluctuations, which can significantly affect production costs and profitability[62]. - Exchange rate fluctuations pose a risk for the company, particularly as its export products are primarily settled in USD[63]. Corporate Governance and Compliance - The company has committed to not engaging in any competitive business activities with its controlled entities, ensuring no conflicts arise with its operations[80]. - The controlling shareholder has agreed to a lock-up period of 36 months from the date of the company's stock listing, during which no shares will be transferred or managed by others[81]. - The company will limit any share transfers to a maximum of 25% of its total holdings per year after the lock-up period ends[81]. - The company has established a clear framework for compliance with relevant laws and regulations regarding share transfers and management[81]. Financial Health and Capital Structure - The total number of ordinary shareholders as of the end of the reporting period is 11,258[93]. - The largest shareholder, Qingdao Kangdian Industrial Co., Ltd., holds 112,407,400 shares, accounting for 44.59% of total shares[95]. - The total number of restricted shares at the end of the reporting period is 35,551,040 shares[93]. - The total liabilities increased to CNY 648,386,410.47 from CNY 536,176,245.13, marking a rise of about 20.91%[107]. - The company's equity attributable to shareholders was CNY 1,609,720,351.00, slightly up from CNY 1,604,515,615.36, a growth of about 0.13%[107]. Future Outlook and Strategic Initiatives - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 20% to 30%[82]. - New product launches are expected to contribute an additional 200 million in revenue by the end of the year[83]. - Market expansion plans include entering three new international markets by Q4 2022, aiming for a 10% market share in each[83]. - The company is considering strategic acquisitions to bolster its market position, with a target of acquiring two companies by the end of the fiscal year[82].

Financial Performance - The company's operating revenue for 2021 was RMB 1,150,823,565.24, representing a year-on-year increase of 19.85% compared to RMB 960,249,354.36 in 2020[20] - The net profit attributable to shareholders of the listed company for 2021 was RMB 132,573,196.74, an increase of 21.65% from RMB 108,976,210.90 in 2020[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 94,250,882.18, reflecting a 9.70% increase from RMB 85,918,294.98 in 2020[20] - The net cash flow from operating activities decreased by 48.26% to RMB 89,513,699.66 from RMB 172,997,190.71 in 2020[20] - The total assets at the end of 2021 were RMB 2,221,761,016.76, a 53.07% increase from RMB 1,451,467,768.17 at the end of 2020[20] - The net assets attributable to shareholders of the listed company increased by 55.16% to RMB 1,604,515,615.36 from RMB 1,034,123,429.61 at the end of 2020[20] - The basic earnings per share for 2021 were RMB 0.54, up 12.50% from RMB 0.48 in 2020[21] - The diluted earnings per share for 2021 were also RMB 0.54, reflecting the same increase of 12.50% from RMB 0.48 in 2020[21] - The weighted average return on equity for 2021 was 9.42%, a decrease of 1.50 percentage points from 10.92% in 2020[21] Research and Development - The company invested RMB 100.94 million in R&D in 2021, accounting for 8.77% of its operating revenue, which is considered high in the industry[28] - The company has a strong R&D team with a balanced academic background, focusing on multi-disciplinary integration to enhance innovation capabilities in the field of probiotics and animal health[41] - The company has applied for 38 invention patents and 12 utility model patents related to probiotics, with 11 patents currently authorized[41] - The company has established 8 technology centers and 2 laboratories, focusing on market-oriented R&D and product innovation[49] - The total R&D investment for the company was RMB 195.02 million, which is competitive within the industry[104] Market Expansion and Strategy - The company plans to expand its human probiotics project, targeting a market that reached nearly RMB 85 billion in 2020[31] - The company is enhancing its service levels and efficiency to support food safety and expand into new markets such as human probiotics[28] - The company is actively exploring and expanding its global layout, particularly in regions such as Russia, Southeast Asia, and Africa, in response to international market dynamics[127] - The company aims to enhance its market network for swine vaccines and provide comprehensive disease prevention solutions for livestock farmers[135] - The company is focusing on the application of microbial technology in the environmental sector, with products already used in various pollution treatment areas, although current revenue from this segment is relatively small[132] Product Development and Innovation - The company has developed 16 proprietary probiotic strains with functions including alleviating gastrointestinal discomfort, improving skin condition, delaying aging, enhancing bone health, boosting immune function, preventing upper respiratory infections, and exhibiting antibacterial and anti-inflammatory properties[41] - The company has launched functional microbial agents for both animal and plant applications, contributing to green farming and addressing environmental concerns[40] - The company has developed and obtained clinical trial approval for several new vaccines, indicating a strong focus on innovation[102] - The company introduced new veterinary products aimed at treating various infections in livestock, including antibiotics and vaccines[93] - The company is the first in China to develop a new veterinary drug for traditional Chinese medicine and a new chemical veterinary drug for pets, indicating a strong innovation capability[97] Environmental and Social Responsibility - The company has been compliant with environmental regulations and has not faced any administrative penalties related to environmental issues during the reporting period[180] - In 2021, the company’s enzyme products helped reduce carbon emissions by approximately 2.0728 million tons[181] - The application of phytase products led to a reduction of about 668,200 tons of dicalcium phosphate usage, resulting in a decrease of 106,900 tons of phosphorus discharge into the environment[181] - The company actively promotes low-carbon initiatives among employees, including energy-saving practices and public transportation usage[184] - The company has successfully conducted 70 training sessions under the "Grow Together with You" initiative, benefiting nearly 3,200 partners and employees by 2021[188] Corporate Governance - The company maintained strict compliance with information disclosure regulations, ensuring timely and accurate reporting of relevant information[141] - The board of directors and supervisory board members actively participated in meetings, fulfilling their responsibilities diligently[141] - The company has not experienced any incidents of information leakage during the preparation of regular reports and significant events[141] - The company’s governance structure is aligned with legal and regulatory requirements, ensuring transparency and accountability[141] - The company has implemented measures to ensure the independence of its assets, personnel, and operations, with no reported issues of related party transactions affecting independence[141] Financial Management and Profit Distribution - The company implements a stable profit distribution policy, ensuring that cash dividends distributed each year are no less than 15% of the distributable profits for that year[166] - The company distributed a cash dividend of 2.00 yuan per 10 shares, totaling 36,012,120 yuan (including tax) based on a total share capital of 180,060,600 shares[169] - The profit distribution policy is subject to review and approval by the board of directors and the shareholders' meeting[169] - The company reported a positive net profit available for distribution to shareholders during the reporting period, but did not propose a cash profit distribution plan[173] - The company emphasizes the importance of independent directors in the decision-making process for profit distribution[172]

□是 √否 一、 主要财务数据 2022 年第一季度报告 证券代码：603739 证券简称：蔚蓝生物 青岛蔚蓝生物股份有限公司 2022 年第一季度报告 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。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 (一)主要会计数据和财务指标 单位：元币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增 | | | --- | --- | --- | --- | | | | 减变动幅度(%) | | | 营业收入 | 255,961,097.43 | | -3.83 | | 归属于上市公司股东的净利润 | 18,083,899.30 | | -37.68 | | 归属于上市公司股东的扣除非经常性损益的 | 9,608,619 ...

[Key Financial Data Summary](index=1&type=section&id=Item%201.%20Key%20Financial%20Data) This section summarizes the company's robust financial performance and significant balance sheet changes for the first three quarters of 2021 [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved robust growth in the first three quarters of 2021, with operating revenue increasing by 20.20% and net profit attributable to parent company shareholders by 29.34% Key Financial Indicators for YTD 2021 and Q3 | Indicator | YTD (CNY) | YTD YoY (%) | Q3 (CNY) | Q3 YoY (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 832,643,423.75 | 20.20% | 283,542,552.49 | 8.51% | | Net Profit Attributable to Parent Company Shareholders | 94,499,159.16 | 29.34% | 33,158,153.77 | 13.94% | | Net Profit Attributable to Parent Company Shareholders (Excluding Non-Recurring Items) | 73,567,457.33 | 19.51% | 25,721,830.02 | -1.45% | | Net Cash Flow from Operating Activities | 74,026,476.09 | -10.50% | Not Applicable | Not Applicable | | Basic Earnings Per Share (CNY/share) | 0.39 | 14.71% | 0.13 | -7.14% | Key Balance Sheet Indicators at Period End | Indicator | As of 2021-09-30 (CNY) | Change from Prior Year-End (%) | | :--- | :--- | :--- | | Total Assets | 1,995,930,623.80 | 37.51% | | Total Equity Attributable to Parent Company Shareholders | 1,590,645,664.60 | 53.82% | [Non-Recurring Gains and Losses](index=2&type=section&id=Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In the first three quarters of 2021, total non-recurring gains and losses amounted to **20.93 million CNY**, primarily from government grants Details of Non-Recurring Gains and Losses (YTD) | Item | Amount (CNY) | | :--- | :--- | | Government Grants Recognized in Current Profit/Loss | 24,658,773.33 | | Fair Value Change Gains/Losses on Financial Assets Held for Trading | 1,609,169.61 | | Gains/Losses on Disposal of Non-Current Assets | -23,441.56 | | Other Non-Operating Income and Expenses | 588,913.46 | | **Total** | **20,931,701.83** | [Analysis of Key Financial Indicator Changes](index=2&type=section&id=Analysis%20of%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Significant increases in total assets and shareholder equity at period-end were primarily due to the company's non-public stock issuance - Total assets and equity attributable to parent company shareholders increased by **37.51%** and **53.82%** respectively from the beginning of the period, mainly due to the completion of a non-public stock issuance[6](index=6&type=chunk) [Shareholder Structure and Shareholding](index=3&type=section&id=Item%202.%20Shareholder%20Information) This section outlines the company's shareholder base, including the total number of shareholders and the concentrated holdings of its top investors [Shareholding Status](index=3&type=section&id=Total%20Number%20of%20Common%20Shareholders%2C%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of the report period end, the company had **15,284** common shareholders, with a concentrated ownership structure led by the largest shareholder and its parties acting in concert - As of the end of the reporting period, the company had **15,284** common shareholders[8](index=8&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Number of Shares Held | Shareholding Percentage (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | Qingdao Kangdien Industrial Co., Ltd. | 112,407,400 | 44.59 | Domestic Non-State-Owned Legal Person | | Tibet Sizhuang Investment Consulting Co., Ltd. | 17,775,520 | 7.05 | Domestic Non-State-Owned Legal Person | | Tibet Shancheng Investment Consulting Co., Ltd. | 17,775,520 | 7.05 | Domestic Non-State-Owned Legal Person | - Qingdao Kangdien Industrial Co., Ltd., Tibet Sizhuang Investment Consulting Co., Ltd., and Tibet Shancheng Investment Consulting Co., Ltd. constitute parties acting in concert[8](index=8&type=chunk) [Other Significant Matters](index=4&type=section&id=Item%203.%20Other%20Reminders) This section highlights major capital market activities, including a non-public stock issuance and a stock option incentive plan [Company's Major Operating Activities](index=4&type=section&id=Other%20Important%20Information%20Regarding%20the%20Company%27s%20Operating%20Performance%20During%20the%20Reporting%20Period%20Requiring%20Investor%20Attention) During the reporting period, the company completed a non-public stock issuance to raise capital and implemented a 2021 stock option incentive plan to motivate core employees - The company completed a non-public issuance of A-shares in April 2021, issuing **25,393,600 shares** to Tibet Shancheng Investment Consulting Co., Ltd. and Tibet Sizhuang Investment Consulting Co., Ltd[10](index=10&type=chunk) - In July 2021, the company granted **10 million stock options** to **50 incentive recipients**, completing the registration to align interests with core talent[11](index=11&type=chunk)[13](index=13&type=chunk) [Financial Statement Highlights](index=5&type=section&id=Item%204.%20Quarterly%20Financial%20Statements) This section presents key figures and trends from the consolidated balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2021, total assets reached **1.996 billion CNY**, growing **37.51%** from the year-start, with a robust financial structure and increased shareholder equity Key Items from Consolidated Balance Sheet (Unit: CNY) | Item | As of Sep 30, 2021 | As of Dec 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **1,995,930,623.80** | **1,451,467,768.17** | | Construction in Progress | 302,308,125.17 | 122,584,087.78 | | Financial Assets Held for Trading | 242,000,000.00 | 97,454,650.95 | | **Total Liabilities** | **320,085,237.93** | **336,219,746.02** | | **Total Equity** | **1,675,845,385.87** | **1,115,248,022.15** | | Capital Reserve | 708,952,817.36 | 308,358,239.28 | [Consolidated Income Statement](index=7&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2021, total operating revenue reached **833 million CNY**, a **20.20%** increase, with net profit attributable to parent company shareholders growing **29.34%** Key Items from Consolidated Income Statement (Jan-Sep 2021 vs Jan-Sep 2020) | Item | Jan-Sep 2021 (CNY) | Jan-Sep 2020 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 832,643,423.75 | 692,731,084.70 | +20.20% | | Operating Cost | 447,788,318.80 | 343,619,858.51 | +30.32% | | Research and Development Expenses | 74,139,432.07 | 58,320,394.34 | +27.12% | | Operating Profit | 120,825,946.72 | 101,504,945.70 | +19.04% | | Net Profit Attributable to Parent Company Shareholders | 94,499,159.16 | 73,060,721.43 | +29.34% | [Consolidated Cash Flow Statement](index=9&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2021, net cash from operating activities was **74.03 million CNY**, while significant outflows from investing activities were offset by inflows from financing activities Key Items from Consolidated Cash Flow Statement (Jan-Sep 2021 vs Jan-Sep 2020) | Item | Jan-Sep 2021 (CNY) | Jan-Sep 2020 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 74,026,476.09 | 82,706,547.97 | | Net Cash Flow from Investing Activities | -592,769,718.27 | -100,525,999.98 | | Net Cash Flow from Financing Activities | 439,140,534.17 | -4,268,786.76 | | Net Increase in Cash and Cash Equivalents | -79,602,708.01 | -22,088,238.77 | | Cash and Cash Equivalents at Period End | 170,286,888.15 | 151,903,416.00 |

Financial Performance - The company's operating revenue for the first half of 2021 was ¥549,100,871.26, representing a 27.27% increase compared to ¥431,432,596.38 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥61,341,005.39, a 39.54% increase from ¥43,959,132.74 in the previous year[19]. - Basic earnings per share for the first half of 2021 were ¥0.26, a 30.00% increase from ¥0.20 in the same period last year[20]. - The company reported a significant increase in revenue, achieving a total of $X million for the quarter, representing a Y% year-over-year growth[88]. - The company reported a net profit distribution of CNY -33,693,400.00, which includes a surplus reserve allocation[146]. Cash Flow and Assets - The net cash flow from operating activities decreased by 28.70% to ¥16,200,939.11 from ¥22,722,203.32 in the same period last year[19]. - The company's cash and cash equivalents decreased by 25.15% to ¥187,070,232.24, down from ¥249,917,596.16, primarily due to an increase in financial products[56]. - The company reported a significant increase in cash received from other operating activities, rising to 833,561,422.10 RMB from 107,518,992.09 RMB year-over-year[136]. - The total assets at the end of the reporting period were ¥1,922,525,912.38, up 32.45% from ¥1,451,467,768.17 at the end of the previous year[19]. - The total liabilities amounted to RMB 280,198,781.04, down from RMB 336,219,746.02, showing a decrease of approximately 16.7%[119]. Research and Development - The company invested CNY 46.69 million in R&D during the first half of 2021, accounting for 8.50% of its revenue, indicating a strong commitment to innovation[39]. - Research and development expenses increased by 31.01% to RMB 46,692,025.42, up from RMB 35,639,619.94, driven by higher R&D investments and material costs[52][54]. - The company has established eight major technology centers and two laboratories, employing 233 dedicated R&D personnel to drive continuous innovation and product development[30]. - The company holds 264 domestic authorized invention patents, 6 US patents, 2 European patents, and 20 PCT international applications, showcasing its robust intellectual property portfolio[40]. - The company is investing $30 million in R&D for new technologies aimed at enhancing user experience[86]. Market and Product Development - The company plans to continue expanding its market presence and investing in new product development and technology[6]. - The company focuses on the research, production, and sales of enzyme preparations, micro-ecological preparations, and animal health products, serving multiple industries including agriculture, food, and health[26]. - The company aims to provide clean and energy-efficient technologies for traditional industries, contributing to food safety and environmental sustainability[26]. - Future strategies include expanding product lines and enhancing research and development capabilities in biocatalysis and enzyme technology[26]. - The company has developed a new probiotic additive for aquaculture in collaboration with Evonik, expected to launch in the Chinese market by the end of 2021[44]. Environmental and Sustainability Initiatives - The company is committed to supporting carbon neutrality and energy conservation through innovative enzyme solutions[27]. - The company actively utilizes microbial additives in feed to reduce nitrogen, phosphorus, and sulfur emissions from livestock waste, thereby decreasing environmental pollution[76]. - The company promotes low-carbon initiatives among employees, including energy-saving practices and public transportation usage[79]. - The company has complied with national environmental protection laws and regulations, ensuring its operations meet environmental standards[73]. - The promotion of enzyme catalysis technology is expected to significantly lower energy consumption and reduce carbon emissions in various industries[75]. Shareholder and Equity Information - The total number of ordinary shareholders as of the end of the reporting period is 13,399[104]. - The total share capital increased to 252,084,840 shares after a capital reserve conversion of 72,024,240 shares, approved on May 11, 2021[101]. - The company has a strategic relationship with Tibet Shancheng Investment Consulting Co., Ltd. and Tibet Sizhuang Investment Consulting Co., Ltd., which are considered acting in concert[108]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[70]. - The company remains committed to shareholder value, with plans for potential share buybacks contingent on market conditions[88]. Risks and Challenges - The company faces market competition risks in the enzyme, microecology, and animal protection industries, which could impact future performance if not addressed[64]. - The fluctuation in raw material prices significantly impacts the company's production costs, with rising prices expected to lower profitability[65]. - The company faces exchange rate risks due to export products being settled mainly in USD, which could lead to foreign exchange losses if the RMB appreciates against the USD[65]. - The company has not disclosed any administrative penalties related to environmental issues during the reporting period[73]. - The company experienced a comprehensive income total of -62,910.69 RMB during the first half of 2021, reflecting challenges in profitability[141].

2021 年第一季度报告 公司代码：603739 公司简称：蔚蓝生物 青岛蔚蓝生物股份有限公司 2021 年第一季度报告 1/17 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 6 | 2021 年第一季度报告 一、 重要提示 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 | 1,492,945,346.06 | 1,451,467,768.17 | | 2.86 | | 归属于上市公司股东的净资产 | 1,062,803,423.49 | 1,034,123,429.61 | | 2.77 | | | 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 | -3,356,233.88 | -9,357,936.57 | | -64.13 | | | 年初 ...

Financial Performance - In 2020, the company's operating revenue reached RMB 960,249,354.36, representing a 13.40% increase compared to RMB 846,777,962.74 in 2019[19]. - The net profit attributable to shareholders was RMB 108,976,210.90, a 40.16% increase from RMB 77,752,946.19 in the previous year[19]. - The basic earnings per share increased by 37.25% to RMB 0.70 from RMB 0.51 in 2019[19]. - The net cash flow from operating activities surged by 164.82% to RMB 172,997,190.71, compared to RMB 65,327,125.55 in 2019[19]. - The total assets of the company at the end of 2020 were RMB 1,451,467,768.17, a 13.29% increase from RMB 1,281,249,579.06 at the end of 2019[19]. - The company's net assets attributable to shareholders increased by 7.48% to RMB 1,034,123,429.61 from RMB 962,184,729.76 in 2019[19]. - The company reported a 60.00% increase in basic earnings per share after deducting non-recurring gains and losses, reaching RMB 0.56[19]. - The weighted average return on equity rose to 10.92%, an increase of 2.37 percentage points from 8.55% in 2019[19]. Revenue Breakdown - In 2020, the company's operating revenue for Q1, Q2, Q3, and Q4 were CNY 196.42 million, CNY 235.01 million, CNY 261.30 million, and CNY 267.52 million respectively, showing a steady increase throughout the year[22]. - The net profit attributable to shareholders for Q1, Q2, Q3, and Q4 were CNY 21.83 million, CNY 22.13 million, CNY 29.10 million, and CNY 35.92 million respectively, indicating a significant growth in profitability[22]. - The animal health products segment generated CNY 321.91 million in sales, reflecting a growth of 12.57%[49]. - Sales revenue from feed enzymes grew by 38.00% to CNY 223.37 million, while the livestock microecology segment saw a 54.48% increase to CNY 110.54 million[48]. Research and Development - The company invested CNY 79.91 million in R&D, accounting for 8.32% of its revenue, indicating a strong commitment to innovation[39]. - The company has established eight technology centers and two laboratories, employing 216 dedicated R&D personnel to drive continuous product development[30]. - The company holds 252 domestic authorized invention patents and 37 new veterinary drug registration certificates, ranking in the top five in the animal health industry for new drug registrations over the past decade[40]. - The company is developing a series of new products related to disease diagnosis, prevention, and purification, including gene-engineered subunit vaccines and multi-valent vaccines[82]. Market Trends and Opportunities - The enzyme and micro-ecological preparation industry is in a growth phase, benefiting from increasing national emphasis on safety, environmental protection, and food safety[33]. - The demand for enzyme preparations is expected to grow due to rising environmental standards and the need for sustainable solutions in various industries[34]. - The company is positioned to benefit from the national emphasis on green agriculture and environmental protection, which is expected to drive business growth[68]. - The market for plant micro-ecology is projected to maintain a compound annual growth rate of over 10% due to rising food safety awareness and government focus on safe crop cultivation[68]. Corporate Governance and Shareholder Relations - The company has a cash dividend policy, aiming to distribute at least 15% of its distributable profits annually[128]. - The company will prioritize cash dividends, especially in mature stages without major capital expenditures, with a minimum of 80% distribution[129]. - The company will consider shareholder feedback in its profit distribution policy and ensure transparency in decision-making processes[131]. - The company has maintained a consistent cash dividend of 2.00 RMB per 10 shares over the past three years[134]. Environmental and Social Responsibility - The company donated 1 million RMB to the Red Cross Society of Laoshan District and 200,000 RMB worth of probiotics to a local children's hospital during the COVID-19 pandemic[157]. - The company has implemented various employee welfare programs, including health check-ups and educational scholarships, to enhance employee satisfaction[156]. - The company adheres to environmental regulations and has maintained compliance with relevant laws during the reporting period[158]. Strategic Initiatives - The company is actively seeking opportunities for mergers and acquisitions to expand its market presence and improve industry concentration[114]. - The company is enhancing its international cooperation, having established a global strategic partnership with Evonik, a Fortune Global 500 company[120]. - The company plans to invest approximately 594.35 million RMB in the construction of an animal biological product production base, covering an area of 109,272.26 square meters[103].

Financial Performance - Operating revenue for the first nine months reached CNY 692,731,084.70, a year-on-year increase of 12.27%[6] - Net profit attributable to shareholders increased by 52.79% to CNY 73,060,721.43 for the first nine months[6] - The company reported a net profit excluding non-recurring gains and losses of CNY 61,558,819.42, representing a 98.15% increase year-on-year[6] - The net profit for Q3 2020 was CNY 33,827,773.36, an increase from CNY 18,645,723.40 in Q3 2019, representing an increase of 81.5%[26] - The total profit for Q3 2020 was CNY 39,913,918.68, compared to CNY 17,891,924.55 in Q3 2019, marking an increase of 122.3%[27] - The net profit attributable to shareholders of the parent company was CNY 29,101,588.69 in Q3 2020, up from CNY 15,271,173.56 in Q3 2019, an increase of 90.6%[27] Cash Flow - Net cash flow from operating activities surged to CNY 82,706,547.97, a significant increase of 2,927.83% compared to the same period last year[6] - Cash generated from operating activities increased by 2,927.83% to ¥82,706,547.97 driven by higher sales revenue[13] - Operating cash inflow for the first three quarters of 2020 reached CNY 254,304,230.00, a significant increase from CNY 133,582,697.66 in the same period of 2019, representing an increase of approximately 90.5%[35] - The net cash flow from operating activities for the first three quarters of 2020 was -CNY 60,370,084.45, an improvement compared to -CNY 103,200,876.15 in the first three quarters of 2019[35] - The company reported a cash inflow from operating activities of CNY 69,456,621.67 in Q3 2020, compared to CNY 40,673,738.98 in Q3 2019, reflecting an increase of approximately 70.7%[35] Assets and Liabilities - Total assets increased by 8.87% to CNY 1,394,835,914.64 compared to the end of the previous year[6] - Total liabilities increased to ¥553,732,594.23 from ¥353,915,510.90 year-over-year, reflecting a growth of 56.5%[23] - The company’s total equity as of September 30, 2020, was ¥709,632,675.19, a decrease from ¥730,884,941.11 in the previous year[23] - Total liabilities amounted to CNY 248,991,945.00, with non-current liabilities totaling CNY 65,214,167.81[39] - The total amount of other payables was CNY 302,595,744.24, including interest payable of CNY 39,875.00[42] Shareholder Information - The total number of shareholders reached 14,239 by the end of the reporting period[9] - The largest shareholder, Qingdao Kangdian Industrial Co., Ltd., holds 51.91% of the shares[9] Earnings Per Share - Basic and diluted earnings per share increased by 46.88% to CNY 0.47[6] - Basic earnings per share for Q3 2020 were CNY 0.19, up from CNY 0.10 in Q3 2019, an increase of 90.0%[27] - Basic earnings per share for Q3 2020 were ¥0.0435, compared to a loss per share of ¥0.0044 in Q3 2019[30] Government Subsidies - The company received government subsidies amounting to CNY 16,637,817.32 for the first nine months, which are closely related to its normal operations[8] Investment Activities - Total cash inflow from investment activities was ¥337,191,779.70 in the first three quarters of 2020, compared to ¥234,195,418.13 in the same period of 2019[33] - The company reported a net cash outflow from investment activities of ¥100,525,999.98 in the first three quarters of 2020, an improvement from ¥257,286,691.01 in the same period of 2019[33] Research and Development - Research and development expenses for Q3 2020 were CNY 22,680,774.40, slightly down from CNY 23,572,967.93 in Q3 2019, a decrease of 3.8%[26] - Research and development expenses increased to ¥2,605,116.86 in Q3 2020, up from ¥1,546,841.78 in Q3 2019, reflecting a focus on innovation[29] Financial Management - Financial expenses increased by 129.73% to ¥2,405,181.52 mainly due to increased exchange losses[12] - Income tax expenses rose by 90.71% to ¥15,707,878.41 as a result of increased profits[12] - The company reported a cash outflow from financing activities of CNY 228,372,898.55 in Q3 2020, compared to CNY 124,203,344.07 in the same quarter of 2019, indicating an increase of approximately 83.9%[36] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥431.43 million, representing a year-on-year increase of 9.34% compared to ¥394.59 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥43.96 million, a 35.06% increase from ¥32.55 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥35.46 million, showing a significant increase of 70.97% compared to ¥20.74 million in the same period last year[20]. - The basic earnings per share for the first half of 2020 was ¥0.28, up 27.27% from ¥0.22 in the same period last year[18]. - The weighted average return on net assets decreased by 1.17 percentage points to 4.49% compared to the previous year[18]. - The net cash flow from operating activities was approximately ¥22.72 million, a significant improvement from a negative cash flow of ¥8.74 million in the same period last year[20]. - The total assets at the end of the reporting period were approximately ¥1.30 billion, an increase of 1.26% from ¥1.28 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥975.38 million, reflecting a 1.37% increase from ¥962.18 million at the end of the previous year[20]. Research and Development - The company invested CNY 35.64 million in R&D during the first half of 2020, accounting for 8.26% of its revenue, with enzyme preparation R&D expenses making up 11.75%[35]. - The company has established eight technology centers and two laboratories, employing 195 dedicated R&D personnel, focusing on continuous investment in new product development[26]. - The company has achieved significant breakthroughs in core technologies related to enzyme preparations, positioning itself as a leader in the domestic enzyme preparation industry[33]. - The company has built a strong talent pool with 26 PhDs and 195 dedicated R&D personnel, ensuring a stable and professional team for ongoing development[38]. - The company is focusing on antibiotic alternatives, developing a comprehensive service system linking feed, breeding, and food sectors to enhance food safety[41]. Product Offerings - The company focuses on the research, production, and sales of enzyme preparations, micro-ecological preparations, and animal health products, aiming to provide core technology support for biomanufacturing and clean energy solutions for traditional industries[23]. - Enzyme preparations include feed enzymes, industrial enzymes, food enzymes, and biocatalysts, with applications in agriculture, food safety, and environmental protection[23]. - The feed enzymes are designed to maximize animal feed utilization, reducing nitrogen, phosphorus, and carbon dioxide emissions, thus minimizing environmental pollution[23]. - Micro-ecological preparations are utilized in various sectors including feed, agriculture, food, healthcare, and pharmaceuticals, promoting gut health and enhancing nutrient absorption in animals[25]. - The company’s products are aimed at reducing reliance on antibiotics in livestock, providing necessary solutions for low-antibiotic farming[25]. - The industrial enzymes significantly lower energy and water consumption while reducing environmental pollution in industries such as textiles and cleaning[24]. - The animal health products include biological products and veterinary medicines, contributing to animal health and food safety[23]. Market Outlook and Strategy - The enzyme and micro-ecological agents industry is in a growth phase, benefiting from increasing government focus on safety and environmental protection, with a broad market outlook[28]. - The company anticipates a growing demand for micro-ecological agents and enzyme preparations as alternatives to antibiotics, driven by rising food safety concerns[29]. - The animal health industry faces challenges such as overcapacity and product homogeneity, leading to industry consolidation, where companies with technological and brand advantages are expected to grow[31]. - The Ministry of Agriculture and Rural Affairs' announcement in July 2019 will phase out growth-promoting feed additives, favoring the market for traditional Chinese veterinary medicine and micro-ecological agents[32]. - The company is expanding its market presence by developing new products and technologies to meet the growing demand in various industries[23]. - Future outlook includes continued investment in R&D to enhance product offerings and market expansion strategies[23]. Financial Management and Risks - The company faces market competition risks in the enzyme preparation, micro-ecology, and animal protection industries, which could lead to performance declines if it fails to innovate[60]. - The company is exposed to risks from livestock epidemics and natural disasters, which can significantly impact the demand for feed enzymes and animal micro-ecology products[61]. - The company has reported a potential risk from raw material price fluctuations, which could increase production costs and reduce profitability[61]. - The company has established a joint fund with the Qingdao Science and Technology Bureau, contributing 12 million RMB to support applied research in the bio-manufacturing industry[58]. Shareholder and Corporate Governance - The company has conducted two shareholder meetings in 2020, with key decisions published on the Shanghai Stock Exchange website[64]. - The company has committed to not engaging in any business that competes with its operations, ensuring no direct or indirect competition from controlled entities[66]. - The lock-up period for shares held by major shareholders is set for 36 months, with restrictions on transferring shares during this time[67]. - Major shareholders are limited to transferring no more than 25% of their shares annually after the lock-up period[67]. - The company will comply with all relevant regulations regarding share transfers and management of shares held by directors and senior management[67]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[143]. - The company adheres to the accounting policies and estimates that reflect its operational characteristics, including fixed asset depreciation and revenue recognition[144]. - The company's functional currency for accounting purposes is Renminbi (RMB)[148]. - The group recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[151]. - The group recognizes assets and liabilities related to joint operations based on their share in the arrangement[157]. Inventory and Asset Management - The group classifies inventory into raw materials, semi-finished products, finished goods, turnover materials, and goods issued[190]. - Inventory is valued at actual cost upon acquisition, with a weighted average method used for issuing raw materials and finished goods[190]. - The group recognizes impairment losses for inventory when its cost exceeds its net realizable value as of the balance sheet date[190]. - Long-term equity investments are accounted for using the cost method or equity method depending on the level of control over the investee[194].