Financial Performance - The company's operating revenue for 2021 was CNY 18,167,906,522.60, representing a 46.20% increase compared to CNY 12,426,553,866.08 in 2020 [24]. - The net profit attributable to shareholders for 2021 was CNY 430,047,928.99, a significant recovery from a loss of CNY 14,994,348.11 in 2020, marking a 2,968.07% increase [24]. - The net cash flow from operating activities reached CNY 699,281,165.17 in 2021, compared to a negative cash flow of CNY 744,789,346.88 in 2020, indicating a 193.89% improvement [24]. - The total assets at the end of 2021 were CNY 16,261,178,719.52, up 22.00% from CNY 13,328,792,457.05 at the end of 2020 [24]. - The basic earnings per share for 2021 was CNY 0.94, a turnaround from a loss of CNY 0.03 per share in 2020, reflecting a 3,233.33% increase [24]. - The weighted average return on equity increased to 10.0% in 2021, up 10.39 percentage points from -0.39% in 2020 [24]. - The company reported a net profit of CNY 167,347,739.54 in Q4 2021, showing a strong performance compared to CNY 110,642,133.39 in Q3 2021 [27]. - The company's net assets attributable to shareholders increased by 29.56% to CNY 4,920,929,920.38 at the end of 2021, compared to CNY 3,798,111,058.64 at the end of 2020 [24]. - The company achieved an operating revenue of approximately RMB 18.168 billion, up 46.20% compared to the previous year [62]. - The net profit attributable to the parent company was RMB 430 million, reflecting a significant year-on-year increase of 2968.33% [61]. Market and Product Development - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years [24]. - In 2021, the company achieved a total aluminum sales volume of approximately 806,200 tons, an increase of 10.62% year-on-year, with sales of aluminum foil for electric vehicle batteries reaching 55,700 tons, up 131.50% year-on-year [35]. - The company is focusing on expanding its production capacity for battery aluminum foil, which is a key growth area in response to increasing market demand [47]. - The company aims to strengthen its leading position in the aluminum foil industry by focusing on R&D, refined investment, and global sales strategies [92]. - The company plans to enter the new energy and new materials sectors, enhancing its profitability and market influence [94]. - The company is positioned to benefit from supportive national policies for the aluminum processing industry and the rapid development of the new energy vehicle sector [91]. - The company is accelerating the construction and production of fundraising projects and overseas factories to meet the growing demand for battery aluminum foil in the European new energy market [100]. Governance and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm [5]. - The company has established a comprehensive internal control management system, ensuring effective financial reporting without significant deficiencies [114]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements [110]. - The company has implemented a robust information disclosure system to ensure the accuracy and timeliness of information shared with investors [111]. - The company has actively engaged with investors through various channels, enhancing communication and trust in the capital market [112]. - The independent directors have consistently fulfilled their responsibilities, attending meetings and providing independent opinions [110]. - The company has not reported any significant differences in governance compared to regulatory requirements [114]. Environmental Responsibility - The company reported nitrogen oxide emissions at a concentration of 14.541 mg/m³, below the standard limit of 180 mg/m³, with a total emission of 29.67 tons [172]. - Sulfur dioxide emissions were recorded at 3.94 mg/m³, significantly below the standard limit of 80 mg/m³, with a total emission of 4.93 tons [172]. - The company has implemented effective pollution control measures, ensuring compliance with environmental standards during production, with emissions from various processes treated and discharged through stacks of heights ranging from 15 to 30 meters [186]. - The wastewater treatment system operates stably, achieving zero discharge after treatment, with the effluent meeting local standards [186]. - The company has adopted a green energy strategy, replacing coal with natural gas and installing solar panels to reduce carbon emissions [193]. - The company is focusing on the development of a circular economy, promoting the recycling of aluminum and enhancing resource utilization [196]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of RMB 0.20 per share (before tax) to all shareholders, with no stock bonus or capital increase [6]. - The company has set a three-year shareholder dividend return plan for 2021-2023 [138]. - The proposed cash dividend for 2021 represents less than 30% of the net profit attributable to shareholders, as the company is in a critical phase of rapid development and strategic transformation, requiring significant capital for expansion and investment [159]. - The total remuneration paid to all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 9.635 million [133]. Strategic Challenges and Risks - The company faces risks from aluminum price fluctuations, which can significantly impact short-term profit levels due to its pricing model based on aluminum ingot prices [101]. - Export risks include international trade protection policies that may affect competitiveness and demand for aluminum foil products in foreign markets [102]. - The company is exposed to exchange rate fluctuations, primarily due to its export transactions being settled in USD, which can lead to potential gains or losses [105]. - Changes in tax incentives for high-tech enterprises and export rebates could increase the company's tax burden, negatively impacting performance [105]. Human Resources and Training - The total number of employees at the parent company and major subsidiaries is 5,291, with 1,918 at the parent company and 3,373 at subsidiaries [150]. - The company has established a training plan aimed at improving employee skills and aligning with overall corporate development needs [153]. - The company employed 702 R&D personnel, making up 13.27% of the total workforce [76].

Financial Performance - The company's revenue for Q3 2021 reached ¥4,815,209,737.80, representing a year-over-year increase of 43.74%[6] - Net profit attributable to shareholders for Q3 2021 was ¥110,642,133.39, showing a significant increase of 18,226.74% compared to the same period last year[6] - Basic earnings per share for Q3 2021 were ¥0.23, reflecting a growth of 9,284.66% year-over-year[8] - The company reported a year-to-date revenue of ¥12,864,212,728.99, which is up 42.96% from the previous year[6] - Net profit attributable to shareholders for the year-to-date period was ¥262,700,189.45, with no applicable year-over-year comparison[6] - Total operating revenue for the first three quarters of 2021 reached ¥12,864,212,728.99, a significant increase from ¥8,998,602,036.41 in the same period of 2020, representing a growth of approximately 43.5%[30] - Net profit for the third quarter of 2021 was ¥261,844,329.68, compared to a net loss of ¥12,928,424.57 in the third quarter of 2020, indicating a strong recovery[33] - Basic earnings per share for Q3 2021 were ¥0.59, a recovery from a loss of ¥0.03 per share in Q3 2020[34] - Operating profit for Q3 2021 was ¥309,244,518.13, compared to an operating loss of ¥4,049,792.28 in Q3 2020, showing a significant turnaround[33] - The company reported a total comprehensive income of ¥239,089,759.97 for Q3 2021, compared to a loss of ¥26,444,331.07 in Q3 2020, indicating a strong performance[34] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥15,852,748,066.25, an increase of 18.94% from the end of the previous year[8] - Total assets rose to ¥15,852,748,066.25 in Q3 2021, compared to ¥13,328,792,457.05 in Q3 2020, marking an increase of about 18.9%[30] - Total liabilities increased to ¥11,104,422,153.17 in Q3 2021, up from ¥9,517,782,523.43 in Q3 2020, representing a growth of approximately 16.7%[30] - The company's total equity reached ¥4,748,325,913.08 in Q3 2021, compared to ¥3,811,009,933.62 in Q3 2020, indicating an increase of about 24.6%[30] - Total current liabilities increased to ¥8,933,369,756.39 in Q3 2021, up from ¥6,452,327,400.44 in Q3 2020, reflecting a growth of approximately 38.5%[30] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥209,769,890.02, indicating a decline of 717.06% compared to the same period last year[8] - Operating cash inflow for the first three quarters of 2021 was CNY 9,914,248,294.84, an increase of 36.0% compared to CNY 7,278,663,825.46 in the same period of 2020[39] - Net cash outflow from operating activities was CNY -209,769,890.02, a decrease from CNY 33,995,151.61 in the previous year[39] - Total cash outflow from operating activities was CNY 10,124,018,184.86, up from CNY 7,244,668,673.84 in the previous year[39] - Cash paid for purchasing goods and services was CNY 6,726,784,972.57, compared to CNY 5,625,672,535.95 in the same period last year[39] Shareholder Information - The company reported a total of 14,790 common shareholders at the end of the reporting period[17] - The largest shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., holds 138,704,300 shares, representing 28.68% of total voting rights[17] Market Strategy - The company attributed the revenue growth primarily to increased sales volume and rising sales prices[14] - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[14] Current Assets - Total current assets as of September 30, 2021, amounted to RMB 9,678,034,864.88, an increase from RMB 6,953,372,337.41 in the previous year[25] - Cash and cash equivalents increased to RMB 2,069,676,522.26 from RMB 1,155,003,104.13 year-over-year[25] - Accounts receivable rose to RMB 2,254,411,228.47 compared to RMB 1,543,483,843.87 in the previous year, indicating a significant growth[25] - Inventory increased to RMB 3,300,777,857.54 from RMB 2,502,931,431.78, reflecting a growth of approximately 32%[25] - Non-current assets include fixed assets valued at RMB 4,747,982,610.05, up from RMB 4,396,263,748.88[25] - The total amount of other current assets is RMB 488,767,605.05, an increase from RMB 290,777,043.96[25] - The company’s goodwill remains stable at RMB 112,290,666.32, unchanged from the previous year[25] Research and Development - Research and development expenses increased to ¥437,236,923.03 in Q3 2021, up from ¥298,221,075.92 in Q3 2020, reflecting a growth of approximately 46.7%[33] Investment Activities - Cash inflow from investment activities totaled CNY 2,580,190,009.88, down 25.0% from CNY 3,438,119,068.01 in the same period last year[41] - Net cash outflow from investment activities was CNY -32,782,317.94, compared to CNY -1,113,466,925.21 in the previous year[41] Financing Activities - Cash inflow from financing activities was CNY 6,644,539,695.18, a decrease of 6.1% from CNY 7,074,132,332.98 in the same period last year[41] - Net cash inflow from financing activities was CNY 441,058,669.10, down from CNY 1,060,862,298.29 in the previous year[41] - The ending cash and cash equivalents balance was CNY 478,429,307.06, compared to CNY 875,423,623.85 at the end of the same period last year[41] - The company received CNY 519,351,875.45 in tax refunds, an increase from CNY 349,284,013.00 in the previous year[39]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2021, representing a year-on-year growth of 25%[17]. - The company's operating revenue for the first half of the year reached ¥8,049,002,991.19, representing a 42.49% increase compared to ¥5,648,693,458.82 in the same period last year[23]. - Net profit attributable to shareholders was ¥152,058,056.06, a significant turnaround from a loss of ¥12,549,719.36 in the previous year, marking an increase of 1,311.65%[23]. - The basic earnings per share increased to ¥0.6 from a loss of ¥0.03, reflecting a growth of 2,100.00%[23]. - The total profit before tax amounted to approximately 187.34 million, compared to a loss of 9.02 million in the previous year[200]. - Net profit reached approximately 150.85 million, contrasting with a net loss of 14.15 million in the prior year[200]. - The profit attributable to shareholders of the parent company was approximately 152.06 million, while the loss attributable to minority shareholders was about 1.21 million[200]. Market and Growth Strategy - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2021, which would require a 20% increase in the second half[17]. - User data indicates a growing customer base, with an increase of 15% in active users compared to the previous year, reaching 500,000 active users[17]. - The company is expanding its market presence, targeting a 10% increase in market share in the renewable materials sector by the end of 2021[17]. - The company plans to enhance its online sales channels, aiming for a 30% increase in e-commerce revenue by the end of 2021[17]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[199]. Research and Development - New product development includes the launch of a next-generation material expected to enhance performance by 30% over existing products, with a projected release date in Q4 2021[17]. - The company has allocated 100 million RMB for R&D in new technologies aimed at improving production efficiency by 15%[17]. - Research and development expenses for the first half of 2021 were ¥278,286,031.71, a significant increase of 65.9% compared to ¥167,778,254.88 in the same period of 2020[199]. - The company has obtained a total of 137 patents, including 37 invention patents, with the number of invention patents increasing annually[47]. Financial Position - The company's total assets grew by 22.20% to ¥16,287,148,819.07 from ¥13,328,792,457.05 at the end of the previous year[23]. - The company's total assets reached approximately 16.287 billion yuan, a year-on-year increase of 22.20%[51]. - The company's cash and cash equivalents rose to ¥826,564,132.25, up from ¥351,975,328.50, indicating a growth of 134%[192]. - The company's accounts receivable increased to approximately 2.09 billion RMB from 1.54 billion RMB year-over-year[185]. - The total current liabilities rose to approximately 9.19 billion RMB, compared to 6.45 billion RMB in the previous year[188]. Operational Efficiency - The company employs a "sales-driven production" model, enhancing production efficiency through a well-structured production management system[34]. - The company has implemented lean management practices, resulting in cost reductions and efficiency improvements across multiple dimensions[51]. - The company has developed advanced production processes and innovative alloy formulations, improving product performance and reducing production costs[46]. Environmental Compliance - The company is classified as a key pollutant discharge unit, adhering to environmental regulations and ensuring that its emissions meet standards[80]. - The company has implemented environmental management systems and maintains normal operation of its pollution control facilities[82]. - The company has reported nitrogen oxide emissions of 21.75 tons, which is below the regulatory limit of 60.98 tons[83]. - The company’s wastewater discharge included a COD concentration of 71.81 mg/l, significantly below the standard limit of 500 mg/l, with a total discharge of 12.93 tons[83]. - The company has installed online monitoring systems for COD, ammonia nitrogen, and pH levels in its wastewater treatment plant, ensuring compliance with environmental monitoring standards[87]. Risks and Challenges - The management highlighted potential risks, including supply chain disruptions that could impact production capacity by up to 20%[17]. - The company faces risks from aluminum price fluctuations, which could significantly impact short-term profit levels[68]. - Export risks include potential impacts from international trade protection policies, affecting competitiveness in foreign markets[68]. - The company faces potential risks from environmental pollution incidents due to its large production scale and complex operating environment[72]. Shareholder and Governance - The company has committed to a 36-month lock-up period for shares held by major shareholders, during which they will not transfer or manage their shares[99]. - Major shareholders are restricted from selling shares for 36 months post-IPO, ensuring stability in the share price[100]. - The company has established a long-term commitment to avoid any related party transactions that could harm shareholder interests[107]. - The company’s controlling shareholder and actual controllers committed to not interfering in the company's management activities and to uphold the interests of the company and all shareholders[114]. - The company plans to enhance its internal control systems to prevent any form of related party fund occupation and to maintain the interests of all shareholders[119].

Financial Performance - Operating revenue for the first quarter reached CNY 3,405,744,379.11, a growth of 30.21% year-on-year[15] - Net profit attributable to shareholders was CNY 44,181,296.98, reflecting a 19.78% increase from the same period last year[15] - The company reported a decrease of 9.06% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 32,116,366.61[15] - Diluted earnings per share decreased by 56.25% to CNY 0.07 compared to CNY 0.16 in the previous year[17] - The total profit for the first quarter of 2021 was CNY 56.77 million, compared to CNY 46.49 million in the first quarter of 2020, indicating a growth of approximately 22.4%[54] - The comprehensive income total for the first quarter of 2021 was CNY 39.58 million, compared to CNY 21.03 million in the first quarter of 2020, representing an increase of approximately 88.5%[54] - The operating profit for the first quarter of 2021 was CNY 58.54 million, compared to CNY 47.05 million in the same period of 2020, reflecting an increase of about 24.5%[54] - The total profit margin for the first quarter of 2021 was approximately 2.05%, compared to 1.83% in the first quarter of 2020, indicating an improvement in profitability[54] Cash Flow - The net cash flow from operating activities was negative at CNY -127,293,315.24, compared to a positive CNY 1,261,942.89 in the previous year[15] - Cash inflow from operating activities for Q1 2021 was CNY 2,490,489,505.13, an increase of 18.6% compared to CNY 2,100,548,258.87 in Q1 2020[64] - Cash outflow from operating activities for Q1 2021 was CNY 2,617,782,820.37, up from CNY 2,099,286,315.98 in Q1 2020, resulting in a net cash flow from operating activities of -CNY 127,293,315.24[64] - The company experienced a net cash outflow from operating activities, indicating potential challenges in maintaining positive cash flow amidst increased operational costs[64] - Cash inflow from financing activities for Q1 2021 was CNY 2,831,576,122.09, an increase of 31.2% compared to CNY 2,157,054,186.31 in Q1 2020[66] - Cash outflow from financing activities for Q1 2021 was CNY 2,016,182,683.41, a decrease from CNY 2,184,544,019.94 in Q1 2020, resulting in a net cash flow from financing activities of CNY 815,393,438.68[66] - The net increase in cash and cash equivalents for Q1 2021 was CNY 147,933,570.53, compared to a decrease of CNY 228,090,778.24 in Q1 2020[66] - The ending balance of cash and cash equivalents for Q1 2021 was CNY 504,029,419.75, down from CNY 675,654,032.06 in Q1 2020[66] Assets and Liabilities - Total assets increased by 18.01% to CNY 15,729,165,880.28 compared to the end of the previous year[15] - Current assets increased to ¥9,339,615,932.23 from ¥6,953,372,337.41, representing a growth of approximately 34.4% year-over-year[37] - Total liabilities rose to ¥11,878,571,251.48 from ¥9,517,782,523.43, which is an increase of approximately 24.7%[42] - The company's total liabilities increased significantly, with accounts payable rising by 95.89% to CNY 2,228,440,959.82 in Q1 2021, compared to CNY 1,137,616,815.35 in Q1 2020, due to increased bill pledges[28] - Non-current liabilities decreased slightly to ¥3,013,078,439.61 from ¥3,065,455,122.99, showing a reduction of approximately 1.7%[42] - The company's equity attributable to shareholders increased to ¥3,839,044,450.34 from ¥3,798,111,058.64, reflecting a growth of about 1.1%[42] Shareholder Information - The number of shareholders at the end of the reporting period was 19,987[22] - The largest shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., held 31.99% of the shares, totaling 138,704,300 shares[22] Research and Development - Research and development expenses increased by 94.49% to CNY 112,292,038.17 in Q1 2021, up from CNY 57,737,881.88 in Q1 2020, due to increased investment in new products and technologies[31] - Research and development expenses for the first quarter of 2021 amounted to CNY 84.26 million, significantly higher than CNY 36.95 million in the same period of 2020, marking an increase of about 128.5%[57]

Financial Performance - The company's operating revenue for 2020 was approximately CNY 12.43 billion, an increase of 10.59% compared to CNY 11.24 billion in 2019[30]. - The net profit attributable to shareholders for 2020 was a loss of CNY 14.99 million, a decrease of 104.86% from a profit of CNY 308.72 million in 2019[30]. - The net cash flow from operating activities for 2020 was a negative CNY 744.79 million, worsening from a negative CNY 636.49 million in 2019, representing a 17.01% increase in cash outflow[30]. - The total assets at the end of 2020 were approximately CNY 13.33 billion, a decrease of 1.54% from CNY 13.54 billion at the end of 2019[30]. - The basic earnings per share for 2020 was -CNY 0.03, a decline of 104.17% compared to CNY 0.72 in 2019[31]. - The company's aluminum production reached approximately 732,700 tons, with sales of 728,800 tons[72]. - The net profit attributable to the parent company was a loss of RMB 14.99 million, a decline of 104.86% year-on-year[72]. - The total assets of the company as of December 31, 2020, were approximately RMB 13.33 billion, a decrease of 1.54% year-on-year[79]. - The company reported a significant increase in financial expenses by 144.39% to RMB 267.66 million[82]. - The company implemented cost reduction and efficiency enhancement measures, resulting in a 13.27% increase in operating costs to RMB 11.37 billion[82]. Dividends and Shareholder Returns - The company reported no cash dividends for the fiscal year 2020, nor will it implement stock bonuses or capital reserve transfers to increase share capital[6]. - The company has a cash dividend policy in place since May 2017, which has not been adjusted during the reporting period, ensuring shareholder returns[127]. - The company distributed cash dividends of RMB 1.00 per 10 shares for the years 2017 and 2018, totaling RMB 43 million each year[130][131]. - In 2019, the company also distributed cash dividends of RMB 1.00 per 10 shares, amounting to RMB 43,362,830.10, based on a total share capital of 433,628,301 shares[131]. - For the year 2020, the company reported a net loss of RMB 14,994,348.11 and proposed not to distribute any cash dividends due to operational losses and the need for capital to support business transformation[135][132]. - The total cash dividends distributed over the past three years amounted to RMB 129,362,830.10, with no dividends proposed for 2020[135]. Corporate Governance and Compliance - The company has not disclosed any significant changes in its board of directors or supervisory board during the reporting period[4]. - The company has not violated any regulatory decision-making procedures in providing guarantees[8]. - The company has committed to avoiding any related transactions with its controlling shareholders and major stakeholders[152]. - There are no existing competitive situations between the company and its controlling shareholders or their subsidiaries[155]. - The company has committed to ensuring that all disclosures are truthful, accurate, and complete, and will bear legal responsibility for any misleading statements[179]. - The controlling shareholder has promised not to interfere in the company's management and to uphold the interests of the company[182]. Risks and Challenges - The company has outlined potential risks in its future development strategies, urging investors to be cautious[7]. - The company faces risks from aluminum price fluctuations, which can significantly impact short-term profit levels due to the pricing model based on aluminum ingot prices[115]. - Export risks include international trade protection policies that may affect competitiveness and demand for aluminum foil products in foreign markets[118]. - The company is exposed to exchange rate fluctuations, particularly with the RMB/USD rate, which can impact export revenues and lead to potential foreign exchange gains or losses[120]. - The company faced challenges due to the COVID-19 pandemic, impacting production capacity and logistics[71]. Production and Operations - The company's main raw materials are aluminum ingots and aluminum billets, with procurement based on production plans determined by sales conditions[43]. - The company employs a "sales-driven production" model, enhancing production efficiency through a well-established production management system[44]. - The company has rapidly become the leading manufacturer of air conditioning foil in China, capitalizing on the shift from hydrophilic coating foil to light foil around 2005[57]. - The company has successfully increased its production volume of single zero and double zero foil, enhancing profitability and expanding into downstream packaging and consumer sectors[57]. - The company has positioned itself as a leader in the lithium battery aluminum foil market, driven by the explosive growth in demand for new energy vehicles and energy storage solutions[57]. - The company has developed advanced production processes, including the "casting-rolling" method for lithium battery aluminum foil, which reduces production costs and improves market competitiveness[65]. - The company has established long-term stable partnerships with multiple electrolytic aluminum and aluminum processing enterprises, mitigating the impact of price fluctuations[43]. Research and Development - Total R&D expenses amounted to ¥432.29 million, representing 3.48% of total revenue, with 671 R&D personnel, accounting for 13.46% of total staff[93]. - Future R&D investments will focus on key products such as double-zero foil, brazing foil, and battery foil, emphasizing innovation in production processes[113]. - The company aims to enhance profitability and market influence through proactive R&D and global sales strategies[109]. Legal Matters - The company is involved in a lawsuit with Guangdong Zhigao Air Conditioning Co., Ltd., with the amount involved in the litigation totaling approximately 7.4 million RMB[195]. - The company has reached a mediation agreement in the lawsuit with Guangdong Zhigao, requiring the defendant to pay a total of 5.73 million RMB in two installments[195]. - The company is also facing a lawsuit from Li Jianbing, claiming compensation of 16.61 million RMB due to economic losses caused by a work stoppage[197]. Audit and Financial Oversight - The company’s financial report has been audited by Tianjian Accounting Firm, which issued a standard unqualified opinion[5]. - The company has appointed Tianjian Accounting Firm as its financial audit institution for the year 2020, with an audit fee of 1.25 million RMB[192].

2020 年第三季度报告 | --- | --- | --- | |-------|------------|--------| | | | | | | | | | | | | | | 公司代码： | 603876 | | | 债券代码： | 113534 | | | 转股代码： | 191534 | | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------|-------| | | | | | | | | | | | | | | | | | | | | | | 公司简称：鼎胜新材 | | | | | | 债券简称：鼎胜转债 | | | | | | 转股简称：鼎胜转股 | | 江苏鼎胜新能源材料股份有限公司 2020 年第三季度报告 1 / 21 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 21 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 3.1 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， ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15%[23]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[23]. - Revenue for the first half of the year reached ¥5,648,693,458.82, an increase of 2.95% compared to ¥5,486,771,919.11 in the same period last year[24]. - Net profit attributable to shareholders was -¥12,549,719.36, a decrease of 111.18% from ¥112,257,201.08 in the previous year[24]. - Basic earnings per share for the period was -¥0.03, down 111.54% from ¥0.26 in the same period last year[27]. - The total profit was a loss of RMB 9.02 million, a decrease of 106.02% year-on-year[55]. - Net profit was a loss of RMB 14.15 million, down 112.27% compared to the previous year[55]. - The company achieved operating revenue of RMB 5.65 billion, a year-on-year increase of 2.95%[61]. User Growth and Market Expansion - The company has expanded its user base by 10% in the first half of 2020, reaching a total of 1.2 million active users[23]. - Future outlook indicates a projected revenue growth of 25% for the second half of 2020, driven by new product launches and market expansion strategies[23]. - Market expansion efforts include entering two new international markets, which are expected to contribute an additional RMB 30 million in revenue by the end of 2020[23]. - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous quarter[93]. - The company is expanding its market presence in Asia, targeting a 10% market share increase by the end of 2023[96]. Research and Development - The company is investing RMB 50 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[23]. - Research and development expenses increased by 483.63% to RMB 167.78 million due to increased investment in R&D projects[62]. - The company is investing 100 million in R&D for new technologies aimed at improving product efficiency and user experience[98]. - The company has established multiple provincial and municipal R&D platforms to enhance innovation capabilities[50]. Financial Position and Assets - The company has maintained a strong cash position with RMB 200 million in cash reserves, ensuring liquidity for ongoing operations and investments[23]. - Total assets increased by 4.01% to ¥14,080,958,352.37 from ¥13,537,473,328.42 at the end of the previous year[24]. - The net assets attributable to shareholders decreased by 1.58% to ¥3,815,827,937.03 from ¥3,876,955,846.55 at the end of the previous year[24]. - The total current assets as of June 30, 2020, amounted to RMB 7,655,996,444.17, an increase from RMB 7,361,577,983.33 as of December 31, 2019, reflecting a growth of approximately 4%[188]. - The cash and cash equivalents were reported at RMB 1,546,272,766.41, slightly up from RMB 1,546,100,478.48 in the previous period[188]. Environmental Compliance - Environmental protection remains a priority, with the company adhering to environmental impact assessments and maintaining operational compliance, though risks of pollution incidents persist[75]. - The company reported a total nitrogen oxide emission of 37.98 tons, which is below the regulatory limit of 60.98 tons, indicating compliance with environmental standards[153]. - Sulfur dioxide emissions were recorded at 2.42 tons, significantly lower than the allowed limit of 34.94 tons, demonstrating effective pollution control measures[153]. - The company has implemented a comprehensive environmental monitoring plan, including both manual and automatic monitoring systems for pollutants[164]. - The company has maintained compliance with all environmental regulations, with no administrative penalties reported during the reporting period[165]. Strategic Initiatives - The management highlighted a strategic shift towards digital marketing, aiming to increase online sales by 40% in the next six months[23]. - A strategic acquisition was completed, enhancing the company's technology capabilities and expected to generate an additional 50 million in annual revenue[97]. - The company announced a stock buyback program, with plans to repurchase up to 5% of outstanding shares to stabilize stock prices[99]. - The management emphasized a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[101]. Risks and Challenges - The company faces risks from aluminum price fluctuations, which can significantly impact profit margins due to the pricing model based on aluminum ingot prices plus processing fees[72]. - The company is exposed to export risks due to international trade protection policies, which may affect its competitiveness in foreign markets[73]. - The COVID-19 pandemic has significantly affected market demand across most downstream industries, posing operational risks for the company[76]. Shareholder Relations - The company has strengthened investor relations management to enhance transparency and maintain shareholder trust[59]. - The company has committed to maintaining a dividend payout ratio of 30% of net income, ensuring returns to shareholders[100]. - The controlling shareholder is required to increase their holdings in the company by no less than 10% and no more than 50% of the cash dividends received from the previous fiscal year, if the stock price stabilization measures are initiated[109].

2020 年第一季度报告 公司代码：603876 公司简称：鼎胜新材 债券代码：113534 债券简称：鼎胜转债 转股代码：191534 转股简称：鼎胜转股 江苏鼎胜新能源材料股份有限公司 2020 年第一季度报告 1 / 20 2020 年第一季度报告 一、 二、 11Í 四、 | --- | |----------------| | 目录 | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 20 2020 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周贤海、主管会计工作负责人宋阳春及会计机构负责人（会计主管人员）王瑛保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |----------------- ...

Dividend and Shareholder Policies - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, with no stock bonus or capital increase [5]. - The proposed cash dividend for 2019 is RMB 43,362,765, which represents 14.05% of the net profit attributable to shareholders [95]. - The company has implemented a cash dividend policy, distributing RMB 1.00 per share for the years 2017, 2018, and 2019, totaling RMB 43 million each year [91][92]. - The company is actively engaging with minority shareholders to ensure their interests are represented in profit distribution discussions [93]. - The company has outlined a plan for the use of undistributed profits, although specific details were not disclosed in the provided content [96]. Financial Performance - The company's operating revenue for 2019 was approximately ¥11.24 billion, representing a year-over-year increase of 9.18% compared to ¥10.29 billion in 2018 [21]. - The net profit attributable to shareholders for 2019 was approximately ¥308.72 million, an increase of 11.67% from ¥276.46 million in 2018 [21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 55.28% to approximately ¥127.77 million from ¥285.72 million in 2018 [21]. - The company's total assets increased by 60.18% to approximately ¥13.54 billion at the end of 2019, compared to ¥8.45 billion at the end of 2018 [21]. - The basic earnings per share for 2019 was ¥0.72, a 5.88% increase from ¥0.68 in 2018 [23]. - The diluted earnings per share for 2019 was ¥0.73, reflecting a 7.35% increase from ¥0.68 in 2018 [23]. - The weighted average return on equity for 2019 was 8.47%, a decrease of 0.75 percentage points from 9.22% in 2018 [23]. - The net cash flow from operating activities for 2019 was negative at approximately -¥636.49 million, compared to a positive cash flow of ¥157.30 million in 2018 [21]. - The company's net assets attributable to shareholders increased by 14.64% to approximately ¥3.88 billion at the end of 2019, compared to ¥3.38 billion at the end of 2018 [21]. Risk Management and Compliance - The company has detailed potential risks in the report, particularly in the section discussing future developments [7]. - The company has a comprehensive risk statement regarding future plans and development strategies [6]. - There are no non-operating fund occupations by controlling shareholders or related parties [7]. - The company has not engaged in any violations of decision-making procedures for external guarantees [7]. - The company has established a robust internal control system to mitigate operational risks and ensure sustainable development, while also enhancing investor relations management [49][50]. - The company faces risks related to aluminum price fluctuations, which can significantly impact profit margins due to the pricing model based on aluminum ingot prices plus processing fees [83]. - The company is facing risks from international trade protection policies, with countries like the EU, India, and the US imposing anti-dumping duties on Chinese aluminum foil exports [85]. - The company’s export pricing is influenced by the London spot aluminum price, which can lead to additional profits or reduced margins depending on the price differential with domestic aluminum prices [86]. - The company benefits from tax incentives as a high-tech enterprise and from export tax rebates, but changes in these policies could increase tax burdens and negatively impact performance [88]. Corporate Governance and Management - The company has established a comprehensive corporate governance structure and internal control system to protect the legal rights of shareholders and stakeholders [140]. - The company has a commitment to not reduce its shareholding during the lock-up period and will follow legal regulations for any share reduction thereafter [98]. - The company’s board members are limited to transferring no more than 25% of their shares each year during their tenure [98]. - The company has committed to not repurchase shares that were issued prior to the initial public offering [98]. - The company’s shareholders are restricted from selling shares within 12 months of the IPO [98]. - The company has a diverse board with members having extensive backgrounds in finance, management, and industry experience [197]. - The independent directors have not received any compensation from related parties, ensuring transparency in financial dealings [196]. - The management team has a strong track record, with many members having served in their roles for several years, contributing to stability [197]. Market Position and Business Strategy - The company’s main business involves the research, production, and sales of aluminum foil products, including air conditioning foil, single zero foil, double zero foil, aluminum plates, and new energy battery foil, which are widely used in various sectors such as green packaging, home appliances, and transportation [33]. - The company has rapidly become a leader in the air conditioning foil market, capitalizing on the shift to hydrophilic coated foils, and has also seen significant growth in single and double zero foil production, enhancing profitability and market presence [39]. - The company is actively investing in the lithium battery aluminum foil sector, which is expected to see substantial growth due to the rising demand for new energy vehicles and energy storage solutions [39]. - The company aims to enhance its profitability and market influence by entering the new energy and new materials sectors, focusing on products like battery aluminum foil [79]. - The company has a complete industrial chain from casting to rolling, which enhances production flexibility and efficiency, and plans to further improve its product variety and competitiveness through future investment projects [80]. Environmental and Social Responsibility - The company has established environmental management systems and complies with regulations, but risks of environmental pollution incidents remain due to the scale and complexity of operations [88]. - The company is classified as a key pollutant discharge unit and has ensured that its emissions comply with environmental regulations, with specific pollutants such as nitrogen oxides and sulfur dioxide being within permissible limits [145]. - The company has implemented effective pollution prevention measures, ensuring that all pollution control facilities are operational and meet environmental standards [149]. - The company has reported a significant focus on social benefits alongside economic performance, highlighting its commitment to corporate social responsibility [141]. Investment and Financing Activities - The company successfully issued convertible bonds totaling CNY 1,254 million, with net proceeds allocated for upgrading aluminum foil production lines and constructing a 60,000-ton aluminum alloy body board project [45][46]. - The company has established strategic partnerships with suppliers and customers, focusing on mutual benefits and social responsibilities [142]. - The company has implemented a stock repurchase plan, which will be initiated if the stock price falls below the latest audited net asset value per share for twenty consecutive trading days [101]. - The stock repurchase plan requires that the total funds used for repurchase in a single fiscal year must not be less than 10% of the net profit attributable to the parent company's shareholders from the most recent audited fiscal year, and not exceed 50% of the same [103]. Audit and Financial Reporting - The company has received a standard unqualified audit report from Tianjian Accounting Firm [4]. - The company’s financial statements for the 2019 fiscal year were prepared in accordance with the revised formats issued by the Ministry of Finance [110]. - The company reported that the changes in accounting policies had no significant impact on its financial position, operating results, or cash flows [111]. - The company appointed Tianjian Accounting Firm as its financial audit institution for the 2019 fiscal year, with an audit fee of RMB 1.25 million [113].

2019 年第三季度报告 公司代码：603876 公司简称：鼎胜新材 债券代码：113534 债券简称：鼎胜转债 转股代码：191534 转股简称：鼎胜转股 江苏鼎胜新能源材料股份有限公司 2019 年第三季度报告 1 / 27 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 27 2019 年第三季度报告 单位：元 币种：人民币 3 / 27 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周贤海、主管会计工作负责人宋阳春及会计机构负责人（会计主管人员）王瑛保 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 | --- | --- | --- | --- | |-------------------------------------------------|-------------- ...