Financial Performance - The company's operating revenue for 2022 was CNY 296,328,398.41, a decrease of 25.21% compared to CNY 396,238,712.72 in 2021[24]. - The net profit attributable to shareholders for 2022 was a loss of CNY 39,703,454.23, compared to a profit of CNY 6,428,092.63 in 2021, representing a decline of 717.66%[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 40,837,491.29, compared to a profit of CNY 541,733.41 in 2021, marking a decrease of 7,638.30%[24]. - The cash flow from operating activities increased by 48.13% to CNY 17,239,296.13 in 2022, up from CNY 11,637,706.10 in 2021[24]. - Total assets at the end of 2022 were 551.68 million yuan, an increase of 0.91% from the previous year[33]. - The net assets attributable to shareholders decreased by 4.97% to 501.86 million yuan[33]. - Basic earnings per share were -0.1096 yuan, a decrease of 719.21% compared to 0.0177 yuan in 2021[28]. - The weighted average return on equity was -7.83%, a decrease of 9.05 percentage points from the previous year[28]. Business Strategy and Development - The company plans to expand into the drone industry to enhance market competitiveness and explore new growth opportunities[33]. - The company has restructured its business into two main segments: unsaturated polyester resin and drone business, aligning with its future development strategy[36]. - The company aims to accelerate digital transformation and diversify its operations to foster sustainable development[33]. - The company is developing a "super factory" for drone manufacturing, which will include twelve production centers to enhance efficiency and scalability[49]. - The company is actively pursuing market opportunities in the intelligent robotics and environmental protection equipment sectors through its new subsidiary[90]. Research and Development - The company has obtained 18 patents related to drone technology, focusing on key technologies for agricultural drones[49]. - Research and development expenses were 88.20 million yuan, down 35.43% from the previous year, indicating reduced investment in R&D projects[52]. - The company emphasizes independent R&D while collaborating with external resources, ensuring project progress and quality through incentive assessments[42]. - The company plans to strengthen R&D efforts in synthetic resin, developing new products and technologies to meet market demands, including UV-curable resins and high-temperature curing resins[104]. Market Conditions and Competition - The unsaturated polyester resin industry is highly competitive, with significant market share concentrating among large brand enterprises, including major players like Ashland and Royal DSM[34]. - The civil drone industry in China is projected to grow at an annual rate of 25%, reaching a market value of 180 billion yuan by 2025[35]. - The global drone market was valued at $26.9 billion in 2021 and is expected to reach $72.1 billion by 2030, with a compound annual growth rate of 17.22% from 2022 to 2030[34]. - The competitive landscape in the unsaturated polyester resin market is intense, and the company must continue to innovate and scale to maintain its market position[107]. Operational Challenges - The company faced challenges from prolonged accounts receivable periods, leading to increased credit impairment losses[33]. - The company experienced a 75.11% increase in management expenses due to the operational costs of the new drone subsidiary and stock incentive expenses[66]. - The company reported a decrease in export sales revenue by 27.11% year-on-year, indicating challenges in international markets[57]. - The company faces risks from raw material price fluctuations, which could impact profit margins if costs cannot be passed on to downstream customers[107]. Governance and Compliance - The company maintained effective supervision over its operations and financial status through its supervisory board, ensuring shareholder rights were protected[114]. - The company has a governance structure in place that promotes scientific decision-making and protects shareholder interests[113]. - The company has not faced any penalties from securities regulatory agencies in the past three years, indicating compliance with regulations[129]. - The company has established a management system for insider information, ensuring compliance with disclosure regulations[115]. Environmental Responsibility - The company has not reported any significant safety production accidents or major environmental violations during the reporting period[89]. - The company has implemented measures to cover the oxidation pool in the wastewater treatment facility to enhance pollution control[164]. - The company has established an environmental self-monitoring plan, with online monitoring devices installed at wastewater discharge points, reporting flow, COD, and ammonia nitrogen data to local environmental authorities[167]. - The company has committed to maintaining independent operations, ensuring that senior management does not hold positions in other companies controlled by the major shareholders[175]. Financial Management - The company has engaged in cash asset management, with a total of RMB 875 million in principal-protected financial products, indicating proactive financial management[198]. - The company has structured financial products with a total amount of 6,500 million RMB, yielding an annualized return of 15.51%[199]. - The company is actively managing its financial products to optimize returns and mitigate risks[199][200].

2022 年第三季度报告 证券代码：603879 证券简称：永悦科技 永悦科技股份有限公司 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。 | 稀释每股收益（元/股） | -0.0317 | 不适用 | -0.0457 | 不适用 | | --- | --- | --- | --- | --- | | 加权平均净资产收益率（%） | -2.23% | 不适用 | -3.19% | 不适用 | | | 本报告期末 | 上年度末 | | 本报告期末比 上年度末增减 变动幅度(%) | | 总资产 | 548,137,606.78 | | 546,682,104.69 | 0.27 | | 归属于上市公司股东的所有者 | 524,299,652.26 | | 528,133,403.57 | -0.73 | | 权益 | | | | | 注:"本报告期"指本季度初至本季度末 3 个月期间，下同。 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 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥132,597,652.90, a decrease of 36.56% compared to ¥209,027,551.84 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥5,054,184.51, representing a decline of 173.88% from ¥6,841,309.39 in the previous year[19]. - The basic earnings per share for the first half of 2022 was -¥0.0139, down 173.54% from ¥0.0189 in the same period last year[20]. - The company's total revenue for the reporting period was 132.60 million yuan, representing a year-on-year decrease of 36.56%[34]. - The net profit attributable to shareholders was -5.05 million yuan, a year-on-year increase of 173.88%[34]. - The company reported a significant impact on operations due to COVID-19 and the real estate sector's influence, leading to a decline in customer operating rates[34]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2022, representing a 20% year-over-year growth[71]. - The company reported a total comprehensive income for the first half of 2022 was a loss of CNY 5,876,893.80, compared to a comprehensive income of CNY 6,389,487.74 in the first half of 2021[117]. Cash Flow and Investments - The net cash flow from operating activities increased by 237.76% to ¥20,190,787.06, compared to ¥5,977,764.86 in the same period last year[19]. - The company's investment activities generated a net cash outflow of CNY 53,904,312.44, a significant decrease compared to a net inflow of CNY 119,186,917.08 in the previous year[37]. - The cash flow from operating activities generated a net amount of CNY 20,190,787.06 million, an increase from CNY 5,977,764.86 million in the first half of 2021[124]. - The cash flow from investing activities resulted in a net outflow of CNY 53,904,312.44 million, compared to an inflow of CNY 119,186,917.08 million in the same period last year[125]. - The cash inflow from financing activities was ¥10,662,300.00, while cash outflow was ¥2,270,383.05, resulting in a net cash flow of ¥8,391,916.95[129]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥554,240,687.30, an increase of 1.38% from ¥546,682,104.69 at the end of the previous year[19]. - The company's total liabilities increased from CNY 10,310,885.44 to CNY 12,479,874.17, an increase of approximately 21%[109]. - The total equity increased from CNY 536,371,219.25 to CNY 541,760,813.13, a growth of about 1%[110]. - The total assets at the end of the period amounted to 541,760,813, with liabilities of 24,260,150[140]. Research and Development - The company has a strong focus on R&D, continuously investing in technology innovation and achieving multiple patent technologies[30]. - Research and development expenses decreased by 50.01% to CNY 3,303,256.08 from CNY 6,608,449.75 year-on-year due to reduced market demand[37]. - The company is investing in new technology development, allocating 100 million for R&D in the upcoming year[71]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, ensuring compliance with national and local standards[30]. - The company reported a total wastewater discharge of 1,930 tons in the first half of 2022, with major pollutants including COD at 1.932 tons and ammonia nitrogen at 0.483 tons, all below the national discharge standards[57]. - The company donated a total of 6,000 yuan to Nanjing Village Primary School for purchasing teaching supplies, contributing to local educational improvement efforts[63]. Corporate Governance and Management - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board, along with various departments to support its operations[150]. - The company has committed to maintaining the independence of its senior management, ensuring that key personnel do not hold positions in other companies controlled by them[66]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2022[53]. - There were no significant changes in the company's management structure during the reporting period[52]. Market and Business Strategy - The company is focused on expanding its product lines in the fields of adhesive materials and intelligent machinery[47]. - Market expansion plans include entering three new international markets by the end of 2022, aiming for a 10% market share in each[71]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 200 million earmarked for potential deals[71]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 10,661[88]. - The largest shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., holds 62,159,500 shares, accounting for 17.16% of total shares[90]. - The company granted 2,970,000 restricted stocks to eligible incentive recipients, resulting in a decrease of unrestricted circulating shares to 359,344,440, which represents 99.1803% of total shares[84]. Compliance and Legal Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[77]. - The company has complied with all relevant information disclosure obligations as per regulatory requirements[77]. - The company has not reported any major changes or issues related to bankruptcy reorganization during the reporting period[77].

永悦科技股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示 2022 年第一季度报告 证券代码：603879 证券简称：永悦科技 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 □是 √否 一、 主要财务数据 (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 | 53,205,465.12 | | -42.75 | | 归属于上市公司股东的净利润 | -2,105,629.29 | | -165.75 | | 归属于上市公司股东的扣除非经常性 | -2,753,896.94 ...

Financial Performance - The company's operating revenue for 2021 was CNY 396,238,712.72, a decrease of 2.50% compared to CNY 406,386,873.21 in 2020[23] - The net profit attributable to shareholders for 2021 was CNY 6,428,092.63, representing an increase of 2.83% from CNY 6,251,403.04 in 2020[23] - The net cash flow from operating activities increased significantly by 304.46%, reaching CNY 11,637,706.10 compared to CNY 2,877,348.06 in 2020[23] - The total assets as of the end of 2021 were CNY 546,682,104.69, a decrease of 6.60% from CNY 585,304,169.51 at the end of 2020[23] - The net assets attributable to shareholders at the end of 2021 were CNY 528,133,403.57, reflecting a slight increase of 0.71% from CNY 524,428,649.61 at the end of 2020[23] - Basic earnings per share decreased by 20.98% to 0.0177 RMB per share in 2021 from 0.0224 RMB per share in 2020[24] - The weighted average return on equity increased slightly to 1.22% in 2021 from 1.19% in 2020[24] - Non-recurring gains and losses totaled 5.89 million RMB in 2021, down from 13.03 million RMB in 2020[27] - The company reported a significant increase in net cash flow from operating activities, reaching 11.64 million RMB, up 304.46% year-on-year[44] - The company reported a total revenue of 1.5 billion in 2021, representing a year-over-year growth of 20%[178] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.06 per 10 shares, totaling CNY 2,173,886.64[6] - The company maintains a profit distribution policy that ensures at least 20% of the distributable profit is allocated for cash dividends annually[153] - In mature stages without significant capital expenditure, the minimum cash dividend ratio is set at 80%, while in growth stages with significant expenditures, it is 20%[154] - The company has committed to a stable profit distribution policy, ensuring that cash dividends will not be less than 20% of the distributable profits achieved in the current year[184] - The company plans to maintain the continuity and stability of its profit distribution policy for the next three years following the completion of its stock issuance[184] Operational Risks and Governance - The company has not reported any significant operational risks that could materially affect its business during the reporting period[8] - The company has maintained a stable governance structure with all board members present at the board meeting[4] - The company emphasizes the importance of risk awareness in its forward-looking statements regarding development strategies and operational plans[7] - The company has established a comprehensive safety and environmental management system, with no penalties for environmental violations reported during the period[109] - The company has committed to complying with legal and regulatory requirements in all its operations and transactions[175] Research and Development - The company plans to establish a wholly-owned subsidiary in Yancheng, Jiangsu Province, focusing on the R&D and production of drones, unmanned vehicles, and intelligent robots[32] - Total R&D expenses amounted to RMB 13,659,993.37, representing 3.45% of total revenue[59] - The company is focusing on technological innovation and digital transformation to foster multi-industry development[32] - The company plans to increase R&D investment in electronic-grade adhesives and expand into overseas markets for its 40,000 tons/year PET recycling project[105] - The company invested 150 million in R&D for new technologies, which is a 50% increase compared to the previous year[182] Market Expansion and Strategy - The company is enhancing internal control management and optimizing product processes to stabilize operational performance amid market challenges[31] - The company has established stable raw material supply channels and implements strict quality management for procurement[35] - The company has expanded its market reach, selling products not only in domestic regions but also exporting to countries like Vietnam, Cambodia, Indonesia, and Thailand[78] - The company is focusing on expanding its market share in the fiberglass composite materials sector while maintaining its position in the artificial stone market[82] - Market expansion efforts led to a 15% increase in market share in the Asia-Pacific region[180] Shareholder Relations and Management - The company emphasizes investor relations management, utilizing various communication channels to engage with shareholders and protect their interests[113] - The company has implemented a system for managing insider information, ensuring compliance with regulations regarding undisclosed information[114] - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 2.2581 million yuan[132] - The company has engaged in various strategic partnerships and management roles across multiple subsidiaries, enhancing its operational footprint[130] - The company has a structured decision-making process for executive remuneration, involving both the board and shareholders[132] Environmental and Social Responsibility - The company invested in new environmental protection facilities, including a wastewater treatment plant and air pollution control systems, ensuring compliance with emission standards[165] - The company donated a total of 229,000 RMB for social responsibility initiatives, including 9,000 RMB for educational support and 100,000 RMB for rural revitalization efforts[170] Financial Management and Assets - The company has invested RMB 1,323,000,000 in principal-protected bank wealth management products, with an outstanding balance of RMB 85,000,000[197] - The company reported a total of 8,000 million in structured deposits with an interest rate of 2.95% for the period from July 9, 2020, to January 8, 2021[200] - The company has structured deposits with varying interest rates ranging from 1.5% to 3.24% across different branches[200] - The company has a structured deposit of 3,200 million with a yield of 1.5% maturing on May 22, 2021[200] Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product offerings, with a projected revenue growth of 15% for the next fiscal year[120] - The company provided guidance for 2022, expecting revenue to reach between 1.8 billion and 2 billion, indicating a growth rate of 20% to 33%[180] - The company plans to initiate a share buyback program worth 200 million to enhance shareholder value[179]

2021 年第三季度报告 证券代码：603879 证券简称：永悦科技 公告编号：2021-091 永悦科技股份有限公司 2021 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。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元币种：人民币 1 / 14 2021 年第三季度报告 | 利润 | | | | | | | --- | --- | --- | --- | --- | --- | | 经营活动产生的现金流 | 不适用 | 不适用 | 11,993,067.46 | | 174.37 | | 量净额 | | | | | | | 基本每股收益（元/股） | 0.0031 | 128 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 209,027,551.84, representing a year-on-year increase of 49.08% compared to CNY 140,212,997.88 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 6,841,309.39, a significant increase of 360.44% from CNY 1,485,807.12 in the previous year[20]. - The net cash flow from operating activities was CNY 5,977,764.86, recovering from a negative cash flow of CNY -21,669,690.93 in the same period last year[20]. - The basic earnings per share increased to CNY 0.0189, up 89.00% from CNY 0.0100 in the previous year[21]. - The weighted average return on net assets rose to 1.30%, an increase of 1.02 percentage points compared to 0.28% in the same period last year[21]. - The company's total assets at the end of the reporting period were CNY 583,985,016.47, a slight decrease of 0.23% from CNY 585,304,169.51 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased to CNY 529,701,896.87, reflecting a growth of 1.01% from CNY 524,428,649.61 at the end of the previous year[20]. - The significant growth in revenue and profit was attributed to the recovery of the domestic economy and the rise in sales prices of the company's main products, unsaturated resins, due to improved market conditions[20]. Cash Flow and Investments - The company reported a significant increase in cash flow from operating activities, totaling CNY 239,162,353.83, compared to CNY 141,600,503.62 in the same period of 2020[117]. - The net cash flow from investment activities was 119,186,917.08 RMB, a substantial increase from 3,791,582.19 RMB in the previous period[119]. - Cash inflow from investment activities totaled 547,273,101.08 RMB, up from 354,701,265.26 RMB, indicating a growth of about 54%[119]. - The company reported a net increase in cash and cash equivalents of 122,954,791.02 RMB, compared to 11,596,138.90 RMB in the same period last year[119]. - The ending balance of cash and cash equivalents reached 195,034,366.87 RMB, significantly higher than 75,293,335.27 RMB at the end of the previous period[119]. Research and Development - Research and development expenses increased by 39.03% to 6.61 million RMB, indicating a focus on innovation[33]. - Research and development expenses increased to CNY 6,608,449.75, up from CNY 4,753,114.02 in the previous year, indicating a focus on innovation[111]. - The company has a strategic focus on research and development, with dedicated departments for innovation and product development[143]. Corporate Governance and Management - The company underwent a significant leadership change with the election of a new board and management team, including the appointment of Chen Xiang as Chairman and Xu Weida as Vice Chairman and General Manager[50]. - The company has established a governance structure with a board of directors, supervisory board, and various departments to enhance operational efficiency[143]. - The company has committed to ensuring the independence of its management personnel, financial staff, and assets, maintaining a complete and independent labor and personnel management system[62]. Environmental Responsibility - The company has invested in new environmental protection facilities, including a new set of exhaust gas treatment equipment, ensuring compliance with emission standards[54]. - The company has implemented an environmental self-monitoring plan, with online monitoring devices installed at wastewater discharge points to report data to local environmental authorities[57]. - There were no administrative penalties received due to environmental issues during the reporting period[58]. Shareholder and Equity Information - The company reported a cash dividend of 0.079 RMB per 10 shares, totaling 2,183,708.52 RMB (including tax) to shareholders[82]. - The total number of shares increased from 279,388,800 to 362,314,440, representing an increase of 82,925,640 shares due to capital reserve conversion[82]. - The company has committed to a stable cash dividend policy, ensuring that at least 20% of the distributable profits for the year will be distributed in cash[70]. - The company plans to maintain the continuity and stability of its profit distribution policy, with arrangements for profit distribution over the next three years following the listing[70]. Legal and Compliance - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[75]. - The company and its controlling shareholders have not faced any penalties from regulatory authorities, maintaining a good integrity status[75]. - The company has ensured that all related party transactions comply with legal and regulatory requirements, safeguarding shareholder interests[72]. Market and Competitive Position - The company operates in a competitive market for unsaturated polyester resin, with significant market share held by major players[29]. - The sales model is direct sales, with a focus on manufacturers as the primary customers[28]. - The company plans to optimize product processes and expand product areas to enhance operational performance[30]. Financial Reporting and Accounting - The financial statements are prepared based on the principle of going concern, ensuring that the company's financial status and operating results are accurately reflected[146][149]. - The company adheres to the accounting standards for enterprises, ensuring the financial reports are true and complete[149]. - The consolidated financial statements include the company and its subsidiaries, with the scope of consolidation based on control[159].

2021 年第一季度报告 公司代码：603879 公司简称：永悦科技 永悦科技股份有限公司 2021 年第一季度报告 1 / 23 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 单位：元 币种：人民币 二、 公司基本情况 2.1 主要财务数据 3 / 23 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 584,015,674.33 585,304,169.51 -0.22% 归属于上市公司 股东的净资产 528,115,800.31 524,428,649.61 0.70% 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 3,985,875.94 -28,019,937.51 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 92,933,336.35 52,581,736.77 76.74% 归属于上市公司 股东的净利润 3,202,585.18 -3,470,666.46 不适用 归属于上 ...

Financial Performance - The company's operating revenue for 2020 was CNY 406,386,873.21, a decrease of 5.21% compared to CNY 428,725,782.24 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 6,251,403.04, down 74.37% from CNY 24,390,446.63 in 2019[22]. - The net cash flow from operating activities decreased by 83.02% to CNY 2,877,348.06 from CNY 16,943,896.41 in 2019[22]. - The total assets at the end of 2020 were CNY 585,304,169.51, a slight increase of 0.68% from CNY 581,366,531.76 at the end of 2019[22]. - The basic earnings per share for 2020 were CNY 0.02, down 83.33% from CNY 0.12 in 2019[23]. - The weighted average return on net assets decreased by 3.49 percentage points to 1.19% in 2020 from 4.68% in 2019[23]. - The net assets attributable to shareholders at the end of 2020 were CNY 524,428,649.61, a decrease of 0.35% from CNY 526,276,895.77 at the end of 2019[22]. - The company reported a significant impact on net profit due to the COVID-19 pandemic, falling oil prices, and inventory losses[23]. Cash Flow and Dividends - The company plans to distribute a cash dividend of CNY 0.079 per 10 shares, totaling CNY 2,183,708.52, and to increase the share capital by 3 shares for every 10 shares held[5]. - The company maintains a profit distribution policy that ensures at least 20% of its distributable profits are allocated for cash dividends, with higher percentages during mature phases without major capital expenditures[107]. - The company proposed a cash dividend distribution plan for 2020, with a cash dividend of 0.079 RMB per 10 shares, totaling 2,183,708.52 RMB, which represents 34.93% of the net profit attributable to ordinary shareholders[112]. - In 2019, the cash dividend was 0.5 RMB per 10 shares, amounting to 9,872,100.00 RMB, accounting for 40.48% of the net profit attributable to ordinary shareholders[112]. Market Position and Strategy - The main business focus is on the research, production, and sales of synthetic resins, primarily unsaturated polyester resins, indicating a specialized market position[31]. - The company operates in a competitive market for unsaturated polyester resins, with major competitors including Ashland and Royal DSM, highlighting the need for strategic positioning[33]. - The company has rapidly grown its market share in the artificial stone resin sector since its establishment in 2011, becoming one of the larger suppliers in China[33]. - The company is recognized as a national high-tech enterprise, indicating its commitment to innovation and technology development in the chemical industry[68]. - The company aims to consolidate and increase its market share in the unsaturated polyester resin sector, targeting a higher capacity utilization rate over the next three years[93]. Research and Development - The total R&D expenditure was CNY 13.92 million, accounting for 3.43% of total revenue, with 29 R&D personnel representing 18.95% of the total workforce[57]. - The company has invested in R&D to enhance production processes and reduce costs, utilizing a higher proportion of recycled PET in unsaturated polyester resin production[35]. - The company intends to increase R&D efforts in synthetic resin products, particularly water-based polyurethane, to meet market demands over the next three years[95]. - The company is actively developing new products, including 3D printing liquid resin and halogen-free flame-retardant resin for high-speed trains[71]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures, ensuring compliance with national and local standards[37]. - The company reported a total wastewater discharge of 4,373 tons in 2020, with key pollutants being COD at 1.932 tons and ammonia nitrogen at 0.483 tons, all within the national discharge standards[142]. - The total organized industrial waste gas emissions amounted to 7,885 tons in 2020, with major pollutants including sulfur dioxide at 27.32 tons and nitrogen oxides at 27.2 tons, all below the emission concentration limits[142]. - The company actively participated in poverty alleviation efforts in 2020, aligning with government initiatives[137]. - The company is committed to ongoing participation in poverty alleviation and corporate social responsibility initiatives[139]. Governance and Compliance - The company has committed to maintaining independent financial operations and ensuring that its financial decisions are not influenced by controlling shareholders[113]. - The company has established a management system for insider information, ensuring compliance with regulations[198]. - The company has maintained its listing status and has not faced any risks of suspension or termination of listing[125]. - The company has not reported any significant discrepancies in governance compared to regulatory requirements[198]. - The company ensures that all shareholders can exercise their voting rights equally during shareholder meetings[196]. Shareholder Structure and Changes - The total number of ordinary shares increased from 200,412,000 to 279,388,800 due to a capital increase of 78,976,800 shares through capital reserves[155]. - Jiangsu Huaying holds 47,815,000 shares, accounting for 17.1141% of the total share capital after the transfer of shares from the original controlling shareholders[169]. - The share transfer was completed on January 20, 2021, marking Jiangsu Huaying as the new controlling shareholder[169]. - The company has undergone a change in controlling shareholder as of November 30, 2020, with the completion of the share transfer[169]. Operational Efficiency - The production plan is closely aligned with customer orders and inventory levels, ensuring efficient use of resources and meeting market demand[32]. - The company has established stable procurement channels for raw materials, ensuring a consistent supply and price stability for production[31]. - The company is expanding its production capacity in regions such as Hubei, Sichuan, and Xinjiang to meet growing domestic demand[91]. - The company is enhancing its financial management practices to ensure compliance and transparency in reporting[178].

Financial Performance - Operating revenue decreased by 18.59% to CNY 255,141,990.99 for the period from January to September[5] - Net profit attributable to shareholders of the listed company was CNY -1,290,113.21, a significant decline from CNY 20,280,955.01 in the previous year[5] - The diluted earnings per share for the period was CNY -0.01, compared to CNY 0.10 in the previous year[6] - The company anticipates a significant decline in net profit attributable to shareholders for the year 2020 compared to the previous year, due to unprecedented operational pressures from the global pandemic, trade tensions, and decreased downstream demand[16] - Net profit for Q3 2020 was a loss of ¥2,996,883.29, compared to a profit of ¥7,087,895.59 in Q3 2019, indicating a significant decline[31] - The total profit for Q3 2020 was a loss of ¥2,709,730.66, compared to a profit of ¥7,795,282.19 in Q3 2019, indicating a significant downturn[31] - The company reported a total comprehensive income of approximately -¥3.93 million for Q3 2020, compared to ¥7.02 million in Q3 2019[37] Cash Flow - Net cash flow from operating activities decreased by 43.59% to CNY -16,126,367.95 compared to the same period last year[5] - Cash and cash equivalents decreased by 36.29% to ¥42,888,829.91 due to payments for subsidiary investments and external PE investments[13] - The net cash flow from investment activities decreased to -36,992,721.87 RMB, primarily due to increased payments for subsidiary investments and external PE investments[16] - The net cash flow from financing activities increased to 25,770,224.52 RMB, mainly due to an increase in borrowings compared to the same period last year when the company repurchased shares[16] - The cash flow from operating activities for the first three quarters of 2020 was approximately -¥16.13 million, compared to -¥11.23 million in the same period of 2019[39] - The net cash flow from investment activities was -41,368,518.45 RMB, a significant decline from a positive cash flow of 4,116,341.18 RMB in the same period last year[41] - The net cash flow from financing activities was 18,770,224.52 RMB, recovering from a negative cash flow of -35,337,663.23 RMB in the previous year[42] Assets and Liabilities - Total assets increased by 6.68% to CNY 620,212,956.79 compared to the end of the previous year[5] - The total liabilities increased to 93,980,253.67 RMB from 44,792,978.12 RMB, indicating a substantial rise in financial obligations[22] - The equity attributable to shareholders decreased to 516,553,858.92 RMB from 526,276,895.77 RMB, reflecting a decline in retained earnings[23] - The total liabilities as of Q3 2020 amounted to ¥90,616,215.45, compared to ¥48,073,636.12 in the same period last year, reflecting an increase of 88.5%[27] - The total equity decreased to ¥524,481,140.47 in Q3 2020 from ¥529,840,088.26 in Q3 2019, a decline of 1.0%[27] - The company’s total current liabilities were CNY 47,749,319.95, with short-term borrowings at CNY 14,244,481.54[50] Shareholder Information - The number of shareholders at the end of the reporting period was 23,043[10] - The largest shareholder, Fu Wenchang, holds 21.05% of the shares, with 18,270,000 shares pledged[10] Government Support and Other Income - The company received government subsidies amounting to CNY 1,187,050.00 during the reporting period[7] - The company reported a total of ¥1,163,660.75 in other income for Q3 2020, up from ¥700,000.00 in Q3 2019, a growth of 66.1%[30] Investment and Expenses - Investment income rose by 87.15% to ¥7,120,101.76, primarily from profits on futures trading[15] - Research and development expenses for Q3 2020 were ¥4,456,427.62, compared to ¥3,350,364.40 in Q3 2019, marking an increase of 32.9%[30] - Financial expenses surged by 11,037.88% to ¥1,425,310.83 due to increased loan amounts and higher interest payments[15]