Financial Performance - Operating revenue rose by 11.68% to CNY 1,001,512,237.24 year-on-year[8] - Net profit attributable to shareholders decreased by 37.19% to CNY 100,314,599.86 compared to the same period last year[8] - Basic earnings per share fell by 30.00% to CNY 0.28[8] - Operating revenue for Q1 2017 reached 1,001.51 million RMB, an increase of 11.68% compared to the same period last year[24] - Net profit attributable to shareholders for Q1 2017 was 100.31 million RMB, a decrease of 37.19% year-on-year[24] - The company reported a 35.02% increase in operating costs, amounting to 207.19 million RMB, attributed to increased sales volume and rising unit costs[18] - The company's operating revenue for Q1 2017 was ¥752,983,593.65, a decrease of 4.9% compared to ¥784,901,014.92 in the same period last year[37] - The net profit for Q1 2017 was ¥90,313,723.08, down 32.5% from ¥133,926,205.30 in Q1 2016[38] - The operating profit decreased to ¥105,335,431.24, a decline of 30.4% from ¥151,195,309.89 year-over-year[37] Cash Flow - Cash flow from operating activities showed a significant decline, with a net outflow of CNY 211,474,489.73, a decrease of 3,642.51% year-on-year[8] - Cash flow from operating activities decreased by 205.82 million RMB, a decline of 3642.51% compared to the same period last year, primarily due to changes in payment methods from suppliers[19] - The cash flow from operating activities showed a net outflow of ¥211,474,489.73, compared to a net outflow of ¥5,650,602.05 in the previous year[40] - Net cash flow from operating activities was -$119,314,041.72, compared to -$19,023,932.11 in the prior period, indicating a significant decline[42] Assets and Liabilities - Total assets increased by 2.06% to CNY 5,609,533,066.19 compared to the end of the previous year[8] - Total assets as of March 31, 2017, were 5,609.53 million RMB, an increase from 5,496.52 million RMB at the beginning of the year[28] - The total liabilities decreased slightly to ¥498,157,211.88 from ¥514,214,073.05, a reduction of 3.3%[33] - The company's total assets as of March 31, 2017, amounted to ¥4,782,893,334.21, compared to ¥4,708,636,472.30 at the beginning of the year, showing a growth of 1.6%[33] Inventory and Construction - Inventory increased by 34.26% to CNY 163,734,400.00, primarily due to increased raw material purchases[15] - Construction in progress rose by 44.43% to CNY 33,447,000.00, attributed to factory construction in Thailand and new production lines[15] - Inventory increased to ¥502,202,186.92 from ¥413,228,449.52, representing a rise of 21.5%[32] Shareholder Information - The number of shareholders reached 18,870 at the end of the reporting period[12] Other Financial Metrics - Other comprehensive income increased by 86.28% to CNY 4,448,100.00, mainly due to foreign currency translation differences[16] - The weighted average return on equity decreased by 38.42 percentage points to 2.26%[8] - The company’s asset impairment losses decreased by 77.16%, amounting to 53.00 million RMB, due to a reduction in bad debt provisions[18] - The company’s fair value gains increased by 100.00%, amounting to 0.78 million RMB, as there were no losses from foreign exchange transactions in the current period[18] - The company reported a significant increase in accounts receivable, which rose to ¥890,427,970.65 from ¥755,800,271.61, marking an increase of 17.8%[31] Investment Activities - Cash inflow from investment activities reached $3,137,000,430.68, a substantial increase from $1,231,150,024.06, reflecting a growth of approximately 154.5%[42] - Cash outflow from investment activities was $3,019,733,173.35, up from $825,602,284.74, marking an increase of about 266.5%[42] - The company incurred an asset impairment loss of ¥-6,631,730.39, a significant improvement from ¥60,965,065.68 in the same period last year[37]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[128]. - The company’s total revenue for the reporting period was approximately 10,403.58 million RMB, with a slight decrease of 0.22% compared to the previous year[95]. - The company achieved an annual revenue of CNY 3,951.61 million, representing an 18.57% increase year-on-year, with EVA film sales contributing CNY 3,411.51 million, up 16.72%[39]. - The company’s operating revenue for 2016 was CNY 3,951,607,265.23, an increase of 18.57% compared to 2015[18]. - The net profit attributable to shareholders increased by 30.97% to CNY 847,735,895.32 in 2016, driven by higher EVA film product profitability[20]. - The net profit attributable to shareholders was CNY 847.74 million, up 30.97% year-on-year, while the net profit excluding non-recurring gains and losses increased by 34.60% to CNY 774.33 million[45]. - The basic earnings per share rose to CNY 2.11, reflecting a growth of 31.06% from the previous year[19]. - The weighted average return on equity increased by 2.71 percentage points to 18.81% in 2016[19]. - The company reported a net profit margin of 12%, up from 10% in the previous quarter[200]. Dividend Policy - The company plans to distribute a cash dividend of 10 CNY per 10 shares, totaling 402 million CNY for the year 2016[4]. - The company has established a profit distribution policy ensuring that at least 10% of the distributable profits will be allocated as dividends each year from 2014 to 2016[116]. - For the year 2016, the company plans to distribute a cash dividend of 10 RMB per 10 shares, amounting to 402,000,000 RMB, which represents 47.42% of the net profit attributable to ordinary shareholders[119]. - The cash dividend policy has not been adjusted as of the report date[118]. - The company aims to maintain a cash dividend proportion of no less than 20% of the total profit distribution during the specified period[116]. - The company has committed to transparency in its dividend distribution decisions to protect investor interests[116]. Operational Highlights - The company sold 467 million square meters of EVA film in 2016, corresponding to an installed capacity of approximately 35GW, marking a historical high[28]. - The company completed the construction of a project to produce 180 million square meters of EVA solar cell film, significantly enhancing production capacity[28]. - The company’s photovoltaic power station project generated 780,000 kWh of electricity, yielding a revenue of CNY 2.74 million during the reporting period[42]. - The company’s subsidiary in Thailand acquired olefin film assets from Dow Chemical for USD 8 million, facilitating the expansion of its overseas operations[43]. - The company’s international revenue grew by 39.41%, surpassing domestic revenue growth[53]. - The company’s EVA film production and sales volumes increased by 23.31% and 24.79% respectively compared to the previous year, achieving a sales rate of 100.05%[55]. Research and Development - The company’s research and development investments continue to grow, focusing on enhancing existing products and exploring new materials[34]. - The company’s R&D expenditure rose by 31.83% to CNY 148.15 million, reflecting increased investment in innovation[47]. - The company made significant progress in R&D projects, including the development of white EVA film and low water vapor transmission TF products[63]. - The company is investing $50 million in research and development for new technologies aimed at enhancing product efficiency[128]. - The company plans to strengthen its R&D and market share in high-value-added adhesive film products, such as white EVA and olefin films[100]. Financial Position - Total assets at the end of 2016 reached CNY 5,496,516,603.71, a 13.68% increase from 2015[18]. - The company’s fixed assets increased by CNY 296.89 million, a growth of 74.57%, primarily due to the completion of the 180 million square meters EVA solar cell film project and the acquisition of assets from Dow Chemical in Thailand[33]. - The company’s intangible assets increased by 41.56% to ¥138,493,641.26, primarily due to land purchases in Thailand[69]. - The company’s cash flow from operating activities decreased by 29.06% to CNY 295,087,958.88, primarily due to changes in payment methods for imported materials[20]. - The company’s investment activities generated a net cash outflow of CNY 517.23 million, significantly higher than the previous year[48]. Governance and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm[7]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management[7]. - The company has not violated decision-making procedures for external guarantees[6]. - The company has not recognized revenue from the Xiacheng District Administrative Center rooftop distributed photovoltaic power generation project during the reporting period[83]. - The company has not disclosed any significant related party transactions during the reporting period[142]. Market Outlook - The company anticipates a slowdown in the growth rate of new photovoltaic installations in 2017, with domestic additions projected between 20-30 GW[32]. - The company is positioned to maintain its leading status in the photovoltaic encapsulation materials sector by leveraging its technological, scale, and brand advantages[32]. - The competitive landscape for back sheets is intense, with significant price declines and a predominance of fluoropolymer back sheets in China[97]. - The photovoltaic industry is subject to policy fluctuations, and the company will monitor industry trends to adjust its operational plans accordingly[106]. Employee and Social Responsibility - The company emphasizes environmental protection and has implemented effective management of "three wastes" during production[153]. - The company actively participates in social welfare activities, including donations to various charitable causes and organizing blood donation events for five consecutive years[154]. - The company has established a comprehensive employee training and promotion mechanism, ensuring regular health check-ups for employees[154]. - The company has implemented a performance evaluation system to ensure effective training and development of employees[182]. Shareholder Information - The largest shareholder, Lin Jianhua, holds 85,638,000 shares, representing 21.30% of the total shares[162]. - The second largest shareholder, Lin An Foster Industrial Investment Co., Ltd., holds 226,290,000 shares, accounting for 56.29% of the total shares[162]. - The total number of ordinary shareholders increased from 18,483 to 19,047 during the reporting period, reflecting a growth of approximately 3.06%[160]. - The company has committed to share restrictions, as detailed in the report's section on important matters[170].

Financial Performance - The company expects a net profit attributable to shareholders for 2016 to increase by approximately 31% compared to the previous year[3] - The net profit for the previous year was 647.29 million yuan, with earnings per share of 1.61 yuan[4] - The above profit forecast is based on preliminary calculations and is subject to final audited financial data in the official annual report[6] Sales and Revenue Growth - The significant growth in global photovoltaic power station installations has driven strong sales growth of the company's main product, EVA film, leading to increased operating profit[5] Asset Management - In the fourth quarter, the company accelerated the collection of accounts receivable, resulting in a reversal of previously provisioned bad debt and a reduction in asset impairment provisions by approximately 150 million yuan compared to the previous year, contributing to net profit growth[5]

Financial Performance - Operating revenue for the year-to-date reached CNY 2,946,994,531.82, representing a growth of 20.92% year-on-year[6] - Net profit attributable to shareholders increased by 48.00% to CNY 612,301,011.50 compared to the same period last year[6] - Year-to-date net profit from January to September 2016 was ¥612,301,011.50, an increase of 47.9% compared to ¥413,715,175.96 in the same period last year[54] - Total operating revenue for Q3 2016 reached ¥1,011,735,053.41, an increase of 10.1% compared to ¥918,831,859.89 in Q3 2015[52] - Operating profit for Q3 2016 was ¥192,045,341.42, representing a 17.3% increase from ¥163,731,954.59 in Q3 2015[54] - Net profit for Q3 2016 reached ¥119.13 million, up from ¥108.70 million in Q3 2015, with a year-to-date net profit of ¥460.52 million compared to ¥352.21 million last year, indicating a year-over-year increase of 31%[57] Assets and Liabilities - Total assets increased by 8.04% to CNY 5,223,521,244.45 compared to the end of the previous year[6] - Total liabilities were CNY 622,834,115.35, an increase from CNY 566,447,006.21, marking a rise of about 9.95%[46] - Owner's equity totaled CNY 4,600,687,129.10, up from CNY 4,268,540,012.02, which is an increase of approximately 7.76%[46] - Current assets totaled CNY 4,300,697,045.42, up from CNY 4,133,969,814.17, indicating an increase of about 4.03%[44] - Non-current assets reached CNY 922,824,199.03, compared to CNY 701,017,204.06 at the start of the year, reflecting a growth of approximately 31.5%[45] Cash Flow - Cash flow from operating activities decreased by 77.04% to CNY 50,980,720.88 year-to-date[6] - Net cash flow from operating activities decreased by 171.03 million yuan, a decline of 77.04%, mainly due to increased tax payments and guarantees for wholly-owned subsidiaries[18] - Cash inflow from investment activities totaled approximately ¥8.56 billion, while cash outflow was about ¥8.56 billion, resulting in a net cash flow from investment activities of -¥4.37 million[60] - The net cash flow from financing activities was CNY -230,060,341.19, worsening from CNY -197,810,799.66 in the previous year[63] Shareholder Information - The number of shareholders reached 17,198, with the largest shareholder holding 56.29% of the shares[9] - The company committed to not transferring or entrusting the management of its shares within 36 months of the stock listing[29] - The lock-up period for shares will automatically extend by 6 months if the stock price falls below the issue price for 20 consecutive trading days[30] - The company plans to reduce its holdings by no more than 42% of its total shares within 24 months after the lock-up period[30] Investment and Expansion Plans - The company plans to continue expanding its production capacity and investing in new technologies[11] - The company plans to invest 50 million yuan to establish a wholly-owned subsidiary for new materials research and development[24] - The company approved an increase in capital of 80 million yuan for its wholly-owned subsidiary to meet operational development needs[25] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[60] Financial Management - Cash and cash equivalents decreased to CNY 356,795,195.84 from CNY 669,730,229.46, a decline of about 46.8%[44] - The company reported a decrease in financial expenses, which fell to ¥692,790.97 from ¥7,497,870.13 in Q3 2015, a reduction of 90.7%[53] - The company’s management expenses decreased to ¥54,965,303.19 from ¥66,773,299.44 in Q3 2015, a decline of 17.7%[53] Compliance and Commitments - The company will comply with relevant laws and regulations regarding information disclosure obligations[29] - The company will disclose the reasons for any failure to fulfill commitments on designated information disclosure media[34] - The company commits to repurchasing at least 2% of its total shares to ensure compliance with listing conditions after the repurchase[38]

Financial Performance - The company's basic earnings per share increased by 64.18% to CNY 1.10 compared to CNY 0.67 in the same period last year[17]. - The company's net profit attributable to shareholders grew by 63.97%, driven by increased sales of its main product, EVA film[18]. - Operating revenue rose by 27.46% year-on-year, primarily due to the expanded sales volume of EVA film[18]. - The weighted average return on net assets increased by 3.15 percentage points to 10.05%[17]. - The diluted earnings per share also rose by 64.18% to CNY 1.10, reflecting the overall profit increase[17]. - The company's net profit after deducting non-recurring gains and losses increased by 68.29%[18]. - The company reported a decrease in asset impairment provisions compared to the previous period, contributing to profit growth[18]. - The company achieved operating revenue of ¥1,935,259,478.41, representing a 27.46% increase compared to the same period last year[21]. - Net profit attributable to shareholders reached ¥441,860,124.23, marking a 63.97% year-over-year growth[21]. - The net profit after deducting non-recurring gains and losses was ¥409,394,793.04, up 68.29% from the previous year[21]. Cash Flow and Investments - The net cash flow from operating activities decreased by 55.43%, amounting to a reduction of CNY 114.52 million, mainly due to guarantees and advance payments[18]. - The company's cash flow from operating activities was ¥92,087,607.90, a decrease of 55.43% compared to the same period last year[29]. - The company has cumulatively purchased financial products amounting to 5,087.76 million RMB and has recovered 5,674.65 million RMB in principal, with actual income of 23.31 million RMB during the reporting period[44]. - The total amount of raised funds is 1,571.05 million RMB, with 525.16 million RMB used during the reporting period and a cumulative usage of 836.04 million RMB, leaving 735.01 million RMB unutilized[46]. - The company has invested 240.92 million RMB in the annual production of 180 million square meters of EVA solar cell film project, achieving 100% of the planned progress[47]. - The company has also invested 14.56 million RMB in the photovoltaic materials research and development center project, which is 100% in line with the planned progress[52]. Revenue and Sales - Sales of EVA film significantly increased, contributing to the overall revenue growth, with EVA film sales reaching ¥173,940,400.00, a 27.49% increase year-over-year[21]. - Domestic revenue amounted to ¥1,610,833,339.61, reflecting a year-on-year increase of 25.35%, while international revenue grew by 34.66% to ¥309,722,943.63[36]. - The company's main business is concentrated in the photovoltaic industry, with revenue from EVA film reaching ¥1,739,403,981.08 and a gross margin of 34.64%[34]. - The gross margin for the photovoltaic sector increased by 1.28 percentage points compared to the previous year, reaching 34.11%[33]. - The revenue from the backsheet product was ¥130,608,352.12, with a gross margin of 31.12%, despite a decrease in year-on-year growth[33]. Research and Development - Research and development expenses rose by 34.89% to ¥63,916,427.05, reflecting the company's commitment to innovation[29]. - The R&D capabilities were enhanced with the official launch of the "Zhejiang Foster New Materials Research Institute," providing advanced facilities and increased funding for innovation[37]. - The company is actively pursuing new business areas in the new materials sector to achieve rapid growth[21]. Strategic Expansion - The company is accelerating the construction of new material projects, including photosensitive dry film and aluminum-plastic composite film, with expected scale production in the second half of the year[24]. - The company invested $8 million to acquire assets from Dow Chemical in Thailand, indicating a strategic expansion into overseas operations[25]. - The company established a wholly-owned subsidiary in Thailand, increasing its registered capital from $5 million to $16.8 million[38]. - The acquisition of Dow's olefin film assets is anticipated to improve the company's leading position in photovoltaic packaging materials and facilitate overseas business expansion[64]. Shareholder and Equity Information - The company distributed a cash dividend of RMB 281.4 million to shareholders based on the 2015 annual profit distribution plan[58]. - The company has a total of 402 million shares outstanding, with a cash dividend of RMB 7 per 10 shares[58]. - The total number of shares held by the top shareholder, Lin Jianhua, is 85,638,000, representing 21.30% of the total shares[91]. - The largest shareholder, Lin An Foster Industrial Investment Co., Ltd., holds 226,290,000 shares, accounting for 56.29% of the total shares[91]. Corporate Governance and Compliance - The company has retained Tianjian Accounting Firm as its auditing institution for the fiscal year 2016[83]. - The company has maintained compliance with corporate governance standards as per the relevant laws and regulations[84]. - There were no significant related party transactions reported during the period[68]. - The company has not reported any penalties or rectifications involving its directors, supervisors, or senior management[84]. Financial Position and Assets - The total assets at the end of the reporting period were ¥5,102,738,935.43, reflecting a 5.54% increase from the end of the previous year[21]. - The total current assets as of June 30, 2016, amounted to RMB 4,205,040,616.34, showing an increase from RMB 4,133,969,814.17 at the beginning of the period[100]. - The company's total liabilities and equity structure reflects a stable financial position, with a focus on maintaining liquidity and asset growth[100]. - Owner's equity reached ¥4,431,948,160.97, compared to ¥4,268,540,012.02, showing an increase of about 3.8%[102]. Taxation and Financial Policies - The company benefits from a reduced corporate income tax rate of 15% for the years 2014 to 2016 due to its recognition as a high-tech enterprise[196]. - The company has confirmed a deferred tax asset based on the expectation of sufficient taxable income to offset deductible temporary differences, with a review of the asset's carrying value at the balance sheet date[195]. Accounting Policies - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[142]. - The company employs specific accounting policies for bad debt provisions, fixed asset depreciation, intangible asset amortization, and revenue recognition[146]. - The company recognizes financial assets or liabilities when it becomes a party to the financial instrument contract, measuring them initially at fair value[151].

Financial Performance - Operating revenue rose by 21.45% to CNY 896,750,656.36 year-on-year[8] - Net profit attributable to shareholders increased by 47.46% to CNY 159,721,407.17 compared to the same period last year[8] - Basic earnings per share increased by 48.15% to CNY 0.40[8] - Revenue increased by 158.40 million yuan, a growth of 21.45%, primarily due to the expanded sales of the main products EVA film and backsheet[16] - Net profit attributable to shareholders increased by 47.46% compared to the same period last year, benefiting from a decrease in the average procurement price of EVA resin[20] - Total operating revenue for Q1 2016 was CNY 896,750,656.36, an increase of 21.5% compared to CNY 738,353,798.54 in the same period last year[45] - Net profit attributable to the parent company reached CNY 159,721,407.17, up 47.4% from CNY 108,311,418.81 in Q1 2015[46] - The total comprehensive income for Q1 2016 was approximately ¥160.06 million, compared to ¥108.31 million in Q1 2015[47] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -5,650,602.05 compared to CNY -192,545,928.89 in the previous year[8] - Cash flow from operating activities increased by 186.90 million yuan, mainly due to improved sales strategies and enhanced collection efforts from downstream customers[16] - Cash flow from investing activities increased by 574.04 million yuan, primarily due to the redemption of idle funds[17] - Cash flow from operating activities showed a net outflow of approximately ¥5.65 million, an improvement from a net outflow of ¥192.55 million in Q1 2015[52] - Net cash flow from operating activities was negative at approximately -$19.02 million, an improvement from -$182.39 million in the prior period[54] Assets and Liabilities - Total assets increased by 1.95% to CNY 4,929,424,207.63 compared to the end of the previous year[8] - The company's total current assets increased to CNY 4,166,637,166.43 as of March 31, 2016, compared to CNY 4,133,969,814.17 at the beginning of the year, reflecting a growth of approximately 0.79%[38] - Total liabilities decreased to CNY 482,320,173.77 from CNY 547,361,741.17, showing a reduction of approximately 11.9%[39] - The company's total equity increased to CNY 3,949,036,648.47 from CNY 3,815,110,443.17, marking a growth of 3.5%[44] Shareholder Information - The number of shareholders reached 16,380 at the end of the reporting period[12] - The largest shareholder, Lin Jianhua, holds 21.30% of the shares, totaling 85,638,000 shares[12] Investment and Expansion - The company established a wholly-owned subsidiary in Thailand with an investment of 5 million USD to develop, produce, and sell photovoltaic packaging materials[18] - The company completed the construction of the "1.8 billion square meters EVA solar cell film production project," achieving the production capacity target[18] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[49] Expenses - Sales expenses increased by 5.81 million yuan, a growth of 68.41%, due to expanded sales specifications and increased logistics costs[16] - Management expenses increased by 12.72 million yuan, a growth of 35.55%, mainly due to increased R&D investment[16] - The company reported a total operating cost of CNY 730,875,745.73, which is an increase of 16.7% from CNY 625,850,415.75 in the previous year[45] Share Repurchase and Commitments - The company plans to implement stock repurchase measures to stabilize its stock price, with a commitment to repurchase at least 2% of its total shares within 90 days[32] - The company has committed to not transferring shares to any third party engaged in similar or competitive business for a period of 36 months post-IPO[24] - If the company’s prospectus contains false statements or omissions, it will formulate a share repurchase plan within five working days after regulatory recognition[27] - The company will compensate investors for losses incurred due to misleading information in the prospectus[27] - The company will disclose the reasons for any failure to fulfill commitments on designated media within five working days after regulatory recognition of false statements[30]

Financial Performance - In 2015, the company's operating revenue reached ¥3,332,804,771.42, representing a 39.69% increase compared to ¥2,385,859,481.97 in 2014[19] - The net profit attributable to shareholders was ¥647,294,574.95, a 49.80% increase from ¥432,093,782.28 in the previous year[19] - The net profit after deducting non-recurring gains and losses was ¥575,288,385.59, up 46.20% from ¥393,503,719.57 in 2014[19] - The net cash flow from operating activities was ¥415,946,113.26, a significant increase of 316.47% compared to ¥99,873,177.29 in 2014[19] - As of the end of 2015, the total assets amounted to ¥4,834,987,018.23, reflecting a 13.50% increase from ¥4,260,069,271.05 in 2014[19] - The net assets attributable to shareholders reached ¥4,268,541,920.17, which is a 12.27% increase from ¥3,802,147,345.22 at the end of 2014[19] - The company achieved operating revenue of CNY 3,332.80 million in 2015, a year-on-year increase of 39.69%[20] - The net profit for the year was CNY 647.29 million, representing a 49.80% increase compared to the previous year[20] - Basic earnings per share (EPS) rose to CNY 1.61, up 33.06% from CNY 1.21 in 2014[20] Production and Sales - The company sold 37.46 million square meters of EVA film, equivalent to an installed capacity of approximately 28.8 GW[34] - Sales revenue from EVA film amounted to CNY 2,922.85 million, up 37.56% year-on-year, while backsheet sales revenue increased by 59.72% to CNY 299.86 million[40] - EVA film production increased by 36.30% year-on-year to 378,905.4 thousand square meters, while sales rose by 43.79% to 374,594.3 thousand square meters[53] - The production capacity utilization rate for photovoltaic films and backsheets was high, with sales rates of 98.86% and 93.37% respectively, indicating strong market demand[78] Research and Development - Research and development expenses increased by 27.07% to CNY 112.38 million, ensuring the company's technological leadership in the photovoltaic encapsulation field[33] - The company’s R&D expenditure for the year was CNY 112.38 million, reflecting a 27.07% increase from the previous year[47] - The company plans to develop new materials such as photosensitive dry film and flexible copper-clad laminates, which are expected to become new profit growth points[39] - The company established the "Zhejiang Foster New Materials Research Institute," enhancing its R&D capabilities with advanced facilities[60] Market Position and Strategy - The company is positioned as a leading player in the global photovoltaic encapsulation materials market, closely tied to the growth of solar power installations[30] - The company anticipates further growth in the photovoltaic industry, driven by supportive government policies and technological advancements[31] - The company plans to focus on new products such as "photosensitive dry film" and "single-sided adhesive-free flexible copper-clad laminates," which are expected to strengthen its market position in new materials[59] - The company plans to expand its market presence through strategic investments and partnerships in the renewable energy sector[83] Financial Management and Investments - The company reported a significant increase in cash management income of ¥75,815,100, accounting for 11.71% of net profit[63] - The net cash flow from investment activities improved by ¥1,014,127,308.81 compared to the previous year, primarily due to the redemption of bank wealth management products[62] - Cash and cash equivalents increased to ¥669.73 million, representing 13.85% of total assets, up 345.21% from the previous period[65] - The company has plans for further investments in renewable energy projects, aligning with industry trends towards sustainable energy solutions[68] Shareholder and Dividend Policies - The company proposed a cash dividend of ¥7 per 10 shares, totaling ¥281,400,000 to be distributed to shareholders[4] - The company has established a cash dividend policy that mandates a minimum annual profit distribution of 10% of the available distributable profit[107] - For 2015, the cash dividend was set at 7.00 RMB per 10 shares, amounting to 281,400,000 RMB, representing 43.47% of the net profit attributable to shareholders[113] - The company plans to maintain a cash dividend ratio of no less than 20% of the annual profit distribution for the years 2014 to 2016[109] Corporate Governance and Compliance - The company has ensured compliance with all court judgments and has no significant debts that are overdue[132] - The independent directors did not raise any objections to company matters during the reporting period, indicating a consensus on governance[193] - The supervisory board found no significant risks within the company during the reporting period, ensuring stable operations[195] - The company ensures complete independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finance[196] Employee Relations and Incentives - The first employee stock ownership plan was implemented, with 168 participants, including 2 senior management members[135] - The implementation of the employee stock ownership plan is expected to enhance the company's compensation incentive mechanism and promote sustainable development[136] - The company has established a comprehensive employee training and promotion mechanism, contributing to harmonious labor relations and recognition as an advanced enterprise in Zhejiang Province[143] Social Responsibility and Environmental Initiatives - The company actively engaged in social responsibility initiatives, including funding 19 underprivileged students through its charity program in 2015[144] - The company maintained a strong emphasis on environmental protection and energy conservation as part of its operations in the green energy sector[143]

证券代码：603806 证券简称：福斯特 公告编号：2016-001 杭州福斯特光伏材料股份有限公司 2015 年年度业绩预增公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、本期业绩预告情况 （一）业绩预告期间 2015 年 1 月 1 日至 2015 年 12 月 31 日。 （二）业绩预告情况 经财务部门初步测算，预计 2015 年年度实现归属于上市公司股东的净利润 与上年同期相比，将增加 50%左右。 （三）本次业绩预告未经注册会计师审计。 二、上年同期业绩情况 （一）归属于上市公司股东的净利润：43,209 万元。 （二）每股收益：1.21 元。 三、本期业绩预增的主要原因 （一）2015 年度光伏行业整体形势良好，公司主导产品 EVA 胶膜和背板销 售收入较上年同期增长约 41%。同时，受国际原油价格持续下跌的影响，公司主 要原材料 EVA 树脂的平均采购单价较上年同期有所下降。 （二）闲置资金理财产生的投资收益较上年同期增加约 4,800 万元。 四、其他说明事项 以上预告数据仅为初步核算数据，具体 ...

Financial Performance - Operating revenue for the first nine months reached CNY 2,437,130,275.98, a 40.32% increase year-on-year[7] - Net profit attributable to shareholders rose by 25.99% to CNY 413,715,175.96 for the same period[7] - Cash flow from operating activities surged by 160.76% to CNY 222,007,077.46 year-to-date[7] - Basic earnings per share increased by 7.29% to CNY 1.03[7] - Total operating revenue for Q3 2015 was approximately ¥918.83 million, a significant increase from ¥598.28 million in Q3 2014, representing a year-over-year growth of 53.6%[49] - Total profit for the first nine months of 2015 was approximately ¥483.93 million, compared to ¥405.44 million for the same period in 2014, representing a year-over-year increase of 19.4%[50] - Net profit for Q3 2015 reached ¥108,698,289.21, compared to ¥84,621,699.05 in Q3 2014, reflecting a year-over-year increase of 28.4%[54] Assets and Liabilities - Total assets increased by 9.07% to CNY 4,646,323,232.72 compared to the end of the previous year[7] - Current liabilities rose to ¥591,562,184.01 from ¥436,736,798.76, reflecting a significant increase of approximately 35.4%[41] - Total liabilities reached ¥611,360,711.54, up from ¥457,921,925.83, indicating a growth of around 33.4%[42] - Owner's equity increased to ¥4,034,962,521.18, compared to ¥3,802,147,345.22, which is an increase of about 6.1%[42] - Total non-current assets included fixed assets valued at RMB 384,150,176.67, up from RMB 367,099,421.07[40] Shareholder Information - The total number of shareholders reached 15,730 at the end of the reporting period[10] - The largest shareholder, Lin Jianhua, holds 21.30% of the shares, totaling 85,638,000 shares[10] Cash Flow and Investments - Cash flow from operating activities for the first nine months of 2015 was ¥222,007,077.46, significantly higher than ¥85,140,062.71 in the same period last year, indicating a growth of 160.1%[57] - Total cash inflow from investment activities was ¥2,661,659,846.50 for the first nine months of 2015, compared to ¥16,349,356.20 in the previous year, showing a substantial increase[58] - Cash inflow from investment activities was CNY 2,264,868,575.76, a substantial increase from CNY 16,186,865.79 in the same period last year[60] Operational Costs - Operating costs increased by CNY 436.08 million, a growth of 35.67%, due to the expanded sales scale of EVA films and back sheets[12] - The company’s total operating costs for the first nine months of 2015 were approximately ¥2.01 billion, compared to ¥1.36 billion in the same period of 2014, reflecting a year-over-year increase of 47.5%[49] - Total operating costs for Q3 2015 were approximately ¥770.98 million, up from ¥475.54 million in Q3 2014, indicating a year-over-year increase of 62.1%[49] Regulatory Commitments - The company commits to not transferring shares to any third party engaged in similar business activities that may compete with the issuer[24] - The company will ensure compliance with Shanghai Stock Exchange regulations regarding share transfers and disclosures[25] - The company has established a commitment to ensure the accuracy and completeness of its prospectus, bearing legal responsibility for any misstatements[30] Employee and Management Initiatives - The company implemented an employee stock ownership plan with 168 participants, purchasing 1,349,500 shares at an average price of CNY 31.08 per share[18] - The company’s board of directors has pledged to support the stock repurchase plan during board meetings[33] Miscellaneous - The company reported a government subsidy of CNY 16,017,792.04, closely related to its normal business operations[8] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[52]

Financial Performance - The company achieved operating revenue of CNY 1,518,298,416.09, representing a 33.36% increase compared to the same period last year[18]. - Net profit attributable to shareholders reached CNY 269,477,437.70, up 25.01% year-on-year[18]. - The net cash flow from operating activities was CNY 206,606,233.08, a significant increase of 428.45% compared to the previous year[18]. - Basic earnings per share increased to CNY 0.67, reflecting a growth of 6.35% from the previous year[18]. - The company achieved a significant revenue growth of 33.36%, reaching CNY 1,518,298,416.09 in the reporting period, with EVA film sales increasing by 35.38% to CNY 1,364,354,337.53 and backsheet sales surging by 75.86% to CNY 137,920,801.14[22][25]. - The gross profit margin for the photovoltaic industry improved by 1.02 percentage points to 32.83%, reflecting enhanced competitiveness[30]. - The company reported a net cash outflow from investment activities of CNY -84,298,200.19, primarily due to increased purchases of financial products[25]. - The company reported a total current asset of RMB 3,740,365,583.90 as of June 30, 2015, compared to RMB 3,709,371,167.00 at the beginning of the period, reflecting a slight increase of 0.84%[81]. - The company reported a total of RMB 20,000 million in wealth management products with an annualized return of 5.30%, resulting in RMB 1,057.10 million in actual income[37]. Investment and Expansion - The company is actively seeking new investment and acquisition opportunities in the photovoltaic sector[21]. - The company plans to explore new investment cooperation models and analyze feasible photovoltaic power station investment projects[21]. - The company is actively pursuing the construction of a new production project for EVA solar cell films with an annual capacity of 180 million square meters and plans to invest CNY 50 million to establish a wholly-owned subsidiary for solar power station development[22]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[88]. - The company is focusing on expanding its market share for EVA films and backsheet products while optimizing its R&D layout[21]. Research and Development - Research and development investment increased, with R&D expenditure rising by 7.47% to CNY 47,383,133.06, and new products entering the pilot testing phase[22][25]. - The company’s core competitiveness was strengthened through continuous R&D, project construction, and market expansion efforts[33]. Financial Management - The company’s financial expenses rose by 53.31% to CNY 4,680,704.82, mainly due to increased foreign exchange losses from USD fluctuations[25]. - The company has invested part of the raised funds in cash management, including fixed deposits and purchasing bank wealth management products[44]. - The company has committed a total of RMB 157,104.67 million for fundraising projects, with RMB 22,500.60 million actually invested during the reporting period[47]. Shareholder Information - The company distributed a cash dividend of RMB 180,900,000.00, amounting to RMB 4.5 per 10 shares, based on the total share capital of 402,000,000 shares[51]. - The total number of shareholders reached 10,141 by the end of the reporting period[73]. - The largest shareholder, Lin Jianhua, holds 85,500,000 shares, accounting for 21.27% of the total shares[74]. - The top ten shareholders collectively hold 56.29% of the total shares, with the largest shareholder being Lin Jianhua[74]. Corporate Governance - The company has complied with relevant laws and regulations regarding corporate governance, enhancing its internal control systems[68]. - The company has not reported any significant litigation or arbitration matters during the reporting period[54]. - The company has not experienced any significant penalties or corrective actions during the reporting period[68]. Accounting Policies - The financial statements are prepared based on the assumption of continuous operation, indicating stability in business operations[120]. - The company has implemented specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition, ensuring compliance with accounting standards[122]. - The company applies a comprehensive approach to assess impairment for both significant and non-significant financial assets based on various factors including market conditions and debtor's financial health[138]. Cash Flow and Liquidity - Cash and cash equivalents increased significantly to RMB 323,188,874.37 from RMB 150,428,930.24, marking a growth of 114.4%[81]. - The company reported a cash flow from financing activities net outflow of CNY 196,022,230.39, which is a slight increase in outflow compared to CNY 176,739,363.37 in the previous year, indicating ongoing financing activities[97]. - The ending balance of cash and cash equivalents was 563,915,575.98 RMB, compared to 250,529,342.06 RMB at the end of the previous period, showing a recovery in cash reserves[100]. Taxation - The company has a corporate income tax rate of 15% for the years 2014 to 2016 due to its high-tech enterprise status[178]. - The company’s tax rates include a 17% VAT and a 5% business tax, among others, impacting overall tax liabilities[175].