Financial Performance - The company's operating revenue for the first half of 2020 was CNY 819,507,580.18, a decrease of 0.69% compared to the same period last year[23]. - Net profit attributable to shareholders was CNY 90,880,686.83, representing a 50.73% increase year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 81,269,204.96, up 44.04% from the previous year[23]. - The net cash flow from operating activities was CNY 230,774,462.26, an increase of 82.23% compared to the same period last year[23]. - The company's total assets at the end of the reporting period were CNY 2,566,435,234.23, an increase of 18.29% from the end of the previous year[23]. - The weighted average return on net assets increased to 6.50%, up 1.78 percentage points from the previous year[24]. - The company's operating revenue for the reporting period was ¥825,163,908.85, a decrease of 0.69% compared to the same period last year[43]. - Operating costs decreased by 6.52% to ¥550,466,546.81, primarily due to a reduction in the cost of major material purchases[43]. - The company reported a substantial increase in investment cash flow, with a net outflow of ¥28,548,118.30, reflecting an increase of 883.15% due to increased investments in financial products[43]. - The company reported a net profit of ¥484,502,676.75, an increase from ¥432,354,257.44, reflecting a growth of about 12.1%[147]. Product and Market Development - The sales of lubricants decreased by CNY 64,506,900, while the sales of diesel engine exhaust treatment fluids increased by CNY 86,438,300[25]. - The revenue from lubricants accounted for 42.59% of total revenue, down 7.53 percentage points year-on-year[25]. - The company launched three new products: Dragon Luan No. 1 full synthetic oil, Dragon Luan Zeng Cheng K6, and Dragon Luan Si Ji Tong V9000 CK-4 diesel engine oil, enhancing its product line[38]. - The diesel engine exhaust treatment liquid market is expected to continue growing due to stringent environmental policies implemented by the government[34]. - The automotive maintenance products market is experiencing increasing demand due to rising car ownership and maintenance knowledge among consumers[37]. Investment and Financing Activities - The company plans to invest ¥16,500,000 in its wholly-owned subsidiary Tianjin Longpan for the "annual production of 180,000 tons of Kalanse project"[51]. - The company increased its investment in Anhui Tomorrow New Energy Technology Co., Ltd. by ¥80,000,000, representing 3.12% of total assets[46]. - The company issued convertible bonds, resulting in an increase in payable bonds to ¥389,651,753.71, which accounted for 15.18% of total liabilities[48]. - The company expects that the issuance of convertible bonds may lead to a dilution of immediate returns, with basic earnings per share potentially lower than the previous year[82]. - The company reported a significant increase in cash inflow from operating activities, with other related cash receipts rising to 332,316,976.38 RMB from 143,921,848.51 RMB year-over-year[169]. Shareholder Commitments and Governance - The company commits to a 36-month lock-up period for shares held prior to the IPO, prohibiting any transfer or repurchase of these shares[68]. - Major shareholders must provide a five-day notice before any planned share reduction, detailing the reasons and potential impacts[71]. - The company emphasizes the importance of protecting investor rights through timely disclosures and commitments[71]. - The commitments made by shareholders and controllers are effective immediately and cannot be revoked during their significant influence period[74]. - The company will disclose any failures to fulfill commitments promptly, ensuring investor protection[76]. Environmental Compliance and Management - The company has implemented strict environmental measures, ensuring that emissions are within regulatory limits, with no exceedances reported[110]. - The company has established a comprehensive pollution prevention facility management system to ensure compliance with environmental standards[112]. - The company has established an effective environmental risk management system, continuously enhancing environmental supervision and management, and ensuring the normal operation of environmental protection facilities[119]. - The company’s subsidiaries are not classified as key polluting units by environmental authorities, adhering strictly to national environmental protection laws and regulations[123]. Research and Development - The company's research and development expenses increased by 3.85% to ¥31,886,946.94, mainly due to an increase in employee compensation[43]. - Research and development expenses for the first half of 2020 were RMB 33,114,494.15, an increase of 3.85% compared to RMB 31,886,946.94 in the same period of 2019[152]. Share Capital and Equity - The total equity attributable to shareholders at the end of the reporting period was 1,427,936,066.11 CNY, an increase from the previous year's total of 1,392,026,899.53 CNY[198]. - The company's retained earnings at the end of the reporting period amounted to 388,934,721.06 CNY, reflecting a significant increase compared to the previous period[198]. - The total amount of special reserves at the end of the reporting period was 25,547,845.97 CNY, indicating a strategic allocation of resources[198].

Financial Performance - The company's operating revenue for 2019 was CNY 1,712,963,224.81, representing a 14.37% increase compared to CNY 1,497,786,705.08 in 2018[25] - The net profit attributable to shareholders for 2019 was CNY 127,406,046.37, a significant increase of 55.69% from CNY 81,832,816.85 in the previous year[25] - The net profit after deducting non-recurring gains and losses was CNY 113,694,012.40, which is a 73.00% increase from CNY 65,720,221.23 in 2018[25] - The net cash flow from operating activities for 2019 was CNY 247,468,295.97, up 45.38% from CNY 170,222,429.74 in 2018[25] - Basic earnings per share increased by 55.56% to CNY 0.42 in 2019 compared to CNY 0.27 in 2018[26] - The weighted average return on equity rose to 9.8% in 2019, an increase of 3.08 percentage points from 6.72% in 2018[26] - The net profit attributable to shareholders for Q4 2019 was CNY 32,761,175.19, with a total annual revenue of CNY 1,712,963,224.01[29] Assets and Investments - As of the end of 2019, the net assets attributable to shareholders were CNY 1,354,524,571.07, reflecting an 8.31% increase from CNY 1,250,592,083.18 at the end of 2018[25] - The total assets at the end of 2019 amounted to CNY 2,169,687,372.78, which is a 5.86% increase from CNY 2,049,619,994.61 in 2018[25] - The company invested CNY 80 million in Anhui Tomorrow New Energy Technology Co., acquiring a 10% stake, indicating a strategy for market expansion[40] - The company’s research and development expenses increased by 25.13% year-on-year, totaling RMB 66,979.44 million[54] - The company has a designed capacity of 83,000 tons for lubricants, with a capacity utilization rate of 64.27%[109] - The diesel engine exhaust treatment liquid has a designed capacity of 150,000 tons, with a capacity utilization rate of 129.25%[109] Market and Product Development - The market for diesel engine exhaust treatment fluids is expected to grow due to government policies aimed at reducing pollution, with a target of 95% compliance in 2020[38] - The automotive maintenance product market is experiencing steady growth due to increasing vehicle ownership and awareness of maintenance needs[39] - The company expanded its overseas market by launching the Trisonic lubricating oil product series in Singapore, marking its first 100% overseas produced fully synthetic gasoline engine oil[49] - The company is committed to developing new lubricant technologies to meet upgraded vehicle maintenance needs, focusing on better engine protection and longer oil change intervals[90] - The company aims to develop greener, more efficient, and economical engine coolants to reduce environmental pollution, responding to the growing demand for eco-friendly products[132] Risk Management and Compliance - The company has detailed potential risks in the report, which are discussed in the section on operational conditions[8] - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, urging caution regarding investment risks[7] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8] - The company faces competition risks in the automotive chemical market, particularly from multinational corporations and state-owned enterprises[141] - Fluctuations in raw material prices, such as base oil and urea, significantly impact the company's gross margin, necessitating effective cost management strategies[145] Shareholder Commitments and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO, except as required by law[1] - The company’s major shareholders have agreed to a lock-up period, with a maximum reduction of 5% of their total shares per year for two years after the lock-up expires[1] - The company will ensure that any unfulfilled commitments by shareholders are disclosed promptly to protect investor interests[2] - The company’s governance structure will be maintained through strict adherence to these commitments by its major shareholders[2] - The actual controllers of Longpan Technology, Shi Junfeng and Zhu Xianglan, committed not to engage in any competing business activities directly or indirectly during and after their tenure as directors for six months[157] Wealth Management and Financial Products - The company has invested a total of RMB 29 million in financial products, including RMB 3 million in broker financial products and RMB 16 million in bank financial products from raised funds[187] - The company has authorized the chairman to manage cash investments of up to RMB 180 million from idle raised funds and RMB 200 million from self-owned funds, valid for one year[188] - The company has engaged in multiple wealth management contracts with various banks, diversifying its investment portfolio[191] - The company has successfully completed all wealth management transactions through legal procedures, ensuring compliance[191] - The company has reported a total of 50 million RMB in structured deposits with a return of 1.80% plus floating yield[196]

Financial Performance - Net profit attributable to shareholders decreased by 31.03% to CNY 24,869,009.12 year-on-year[12] - Operating revenue decreased by 28.06% to CNY 314,274,479.43 compared to the same period last year[12] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 35.49% to CNY 21,843,362.46[12] - Total operating revenue for Q1 2020 was RMB 314,274,479.43, a decrease of 28.1% compared to RMB 436,852,585.15 in Q1 2019[43] - Net profit for Q1 2020 was RMB 31,346,295.39, a decline of 28.0% from RMB 43,538,738.62 in Q1 2019[45] - The total profit for Q1 2020 was RMB 35,182,011.28, a decrease of 31.4% from RMB 51,476,380.41 in Q1 2019[43] Cash Flow - Net cash flow from operating activities increased by 39.06% to CNY 155,210,691.96 year-on-year[12] - Cash inflow from operating activities was CNY 464,978,996.14, down from CNY 492,551,315.30 year-over-year, reflecting a decline of approximately 5.5%[54] - The net cash flow from operating activities increased to CNY 155,210,691.96, compared to CNY 111,610,565.23 in the first quarter of 2019, representing a growth of about 39.1%[54] - Cash outflow from investment activities totaled CNY 568,279,743.53, significantly higher than CNY 147,751,932.62 in the previous year, indicating increased investment activity[54] - The net cash flow from investment activities was negative at CNY -367,319,862.09, compared to CNY -31,193,909.25 in the first quarter of 2019, showing a larger outflow[54] - The company reported a net increase in cash and cash equivalents of CNY -247,733,982.29, contrasting with an increase of CNY 66,593,578.23 in the same quarter of the previous year[56] Assets and Liabilities - Total assets increased by 2.90% to CNY 2,232,516,175.85 compared to the end of the previous year[12] - The company's total liabilities increased to ¥1,097,164,525.41 from ¥1,018,519,481.93, indicating a rise in financial obligations[32] - Total liabilities increased to ¥678,328,659.67 from ¥648,851,232.15, representing a growth of approximately 5.5% year-over-year[33] - Total equity rose to ¥1,554,187,516.18 compared to ¥1,520,836,140.63, marking an increase of about 2.2%[33] - Total current assets amounted to approximately $1.27 billion, with non-current assets totaling about $904.3 million, leading to total assets of approximately $2.17 billion[60] - Current liabilities totaled approximately $521.5 million, while non-current liabilities were about $127.3 million, resulting in total liabilities of approximately $648.9 million[63] Shareholder Information - The number of shareholders reached 20,929 at the end of the reporting period[15] - Basic earnings per share decreased by 33.33% to CNY 0.08 compared to the same period last year[12] - The total equity attributable to shareholders of the parent company rose to ¥1,381,398,660.35 from ¥1,354,524,571.07, an increase of about 2.0%[33] Expenses - Total operating costs decreased by 31.08% to ¥202,637,852.97 compared to ¥293,999,027.65 in the same period last year, primarily due to reduced sales volume[22] - Research and development expenses for Q1 2020 were RMB 14,760,394.92, a decrease of 6.9% from RMB 15,858,288.34 in Q1 2019[43] - Sales expenses for Q1 2020 were RMB 40,637,793.51, down 8.5% from RMB 44,552,336.30 in Q1 2019[43] - Management expenses for Q1 2020 increased to RMB 23,391,616.78, up 3.4% from RMB 22,613,788.71 in Q1 2019[43] Investment Activities - The company has invested $80 million in other equity instruments as part of its long-term investment strategy[60] - The company reported a significant increase in cash outflows related to debt repayment, which rose to $59.5 million from $27 million in the previous period[58] Other Financial Metrics - The weighted average return on net assets decreased by 0.85 percentage points to 1.82%[12] - Deferred income increased by 35.43% to ¥37,877,546.92, mainly due to an increase in government subsidies during the reporting period[22] - Investment income decreased by 33.87% to ¥920,840.59 from ¥1,392,480.61, primarily due to reduced financial management income[22] - The company reported a credit impairment loss of RMB 3,140,814.76 in Q1 2020[43] - The company is implementing new revenue recognition and leasing standards effective January 1, 2020, which may impact future financial reporting[72]

2019 年第三季度报告 公司代码：603906 公司简称：龙蟠科技 江苏龙蟠科技股份有限公司 2019 年第三季度报告 1 / 26 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 / 26 2019 年第三季度报告 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 公司负责人石俊峰、主管会计工作负责人沈志勇及会计机构负责人（会计主管人员）周林保 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 | --- | --- | --- | --- | |----------------------------------------------|------------------------------|------------------------------------|--- ...

Financial Performance - The company's operating revenue for the first half of 2019 was ¥825,163,908.85, representing a 21.09% increase compared to ¥681,428,786.66 in the same period last year[17]. - The net profit attributable to shareholders was ¥60,293,300.91, a 34.37% increase from ¥44,869,738.89 in the previous year[17]. - The net cash flow from operating activities reached ¥126,639,820.17, showing a significant increase of 150.23% compared to ¥50,609,060.14 in the same period last year[17]. - The basic earnings per share increased to ¥0.20, up 33.33% from ¥0.15 in the previous year[20]. - The company reported a net profit after deducting non-recurring gains and losses of ¥56,419,956.89, which is a 53.72% increase from ¥36,702,264.30 in the same period last year[17]. - The company reported a net profit margin of approximately 11.1% for the first half of 2019, compared to 10.5% in the same period of 2018[136]. - Net profit for the period was ¥73.91 million, compared to ¥44.87 million in the previous year, indicating a growth of approximately 64.8%[141]. - The total profit amounted to ¥88.23 million, compared to ¥54.01 million, reflecting an increase of about 63.3% year-over-year[138]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥2,126,867,355.39, a 3.77% increase from ¥2,049,619,994.61 at the end of the previous year[20]. - The company's total liabilities increased to ¥563,228,867.35 from ¥499,372,704.18, which is an increase of approximately 12.79%[126]. - The company's current assets totaled ¥1,328,117,086.73, up from ¥1,249,511,294.10, indicating an increase of about 6.29%[123]. - The company's inventory as of June 30, 2019, was ¥297,991,926.14, compared to ¥262,389,553.63 at the end of 2018, showing an increase of about 13.6%[123]. - The total liabilities rose to ¥653,538,248.81, compared to ¥525,724,874.99, reflecting an increase of about 24.3%[134]. - The company's total equity at the end of the reporting period is 1,085,941,719.61 CNY, with a capital reserve of 654,837,237.61 CNY[183]. Research and Development - Research and development expenses rose by 48.61% to 31.89 million RMB, driven by an increase in R&D projects[40]. - Research and development expenses increased, indicating a focus on innovation and technology advancement[136]. - The company has developed a product innovation management system compliant with VDA6.5 standards, enhancing its R&D capabilities[34]. Market and Competition - The diesel engine exhaust treatment liquid market is expected to grow significantly due to new emission standards implemented in 2019[30]. - The automotive maintenance products market is experiencing increasing demand, supported by rising vehicle ownership and regulatory standards[31]. - The company faces significant market competition risks in the automotive industry, particularly in lubricants and engine cooling fluids[51]. - The company’s ability to adapt to market changes is crucial for maintaining its competitive position in the automotive chemical industry[55]. Shareholder and Equity Information - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[59]. - The company held three shareholder meetings in 2019, with all proposed resolutions being approved[58]. - The company’s total share capital stands at 304,675,200 shares, with 63.24% held by domestic non-state-owned entities[100]. - The top ten shareholders held a total of 49.86% of the shares, with the largest shareholder, Shi Junfeng, holding 151,901,568 shares[108]. - The company has a total of 192,684,672 restricted shares at the end of the reporting period[104]. Cash Flow and Investments - Cash inflow from operating activities totaled CNY 882,224,222.22, up from CNY 715,044,410.60 in the previous year, indicating a growth of about 23.4%[152]. - The net cash flow from operating activities was CNY 126,639,820.17, significantly higher than CNY 50,609,060.14 in the first half of 2018, marking an increase of approximately 149.5%[152]. - The company reported cash outflow from investing activities of CNY 731,885,341.72, compared to CNY 430,444,606.73 in the same period last year, reflecting a rise of about 69.9%[154]. - Cash inflow from financing activities was CNY 198,000,000.00, compared to CNY 159,390,027.87 in the same period of 2018, showing an increase of approximately 24.2%[154]. Compliance and Risk Management - The company has implemented various commitments to avoid conflicts of interest and ensure compliance with regulations[60]. - The company has established an effective environmental risk management system, ensuring compliance with national environmental protection laws[96]. - The company is required to conduct annual impairment tests on goodwill, which could affect its asset situation and operating performance[57].

Financial Performance - Net profit attributable to shareholders increased by 26.26% to CNY 36,057,483.25 year-on-year[10] - Operating income rose by 26.42% to CNY 436,852,585.15 compared to the same period last year[10] - The company’s net profit after deducting non-recurring gains and losses increased by 25.04% to CNY 33,862,909.89[10] - Total revenue for Q1 2019 was 111,610,565.23, an increase of 41.75% compared to Q1 2018[20] - The company reported a net profit increase, with undistributed profits rising to ¥212,436,944.03 from ¥199,063,946.67, a growth of 6.9%[36] - Net profit for Q1 2019 reached ¥13,372,997.36, down 11.9% from ¥15,198,545.40 in Q1 2018[46] - Operating profit for Q1 2019 was ¥15,687,902.47, a decrease of 8.5% compared to ¥17,135,650.52 in Q1 2018[46] - Total comprehensive income for Q1 2019 was ¥13,372,997.36, down from ¥15,198,545.40 in Q1 2018[46] - The company reported a total profit of ¥15,974,591.91 for Q1 2019, a decrease from ¥18,123,754.51 in Q1 2018[42] Assets and Liabilities - Total assets increased by 2.47% to CNY 2,100,324,280.42 compared to the end of the previous year[10] - Total assets reached 2,100,324,280.42, an increase from 2,049,619,994.61 at the end of 2018[27] - The company’s total liabilities amounted to 662,333,921.86, slightly up from 657,593,095.08 in the previous period[29] - Total liabilities increased to ¥599,099,135.52 from ¥525,724,874.99, marking a rise of 13.9%[36] - Total liabilities reached $525,724,874.99, with current liabilities at $399,138,721.11[67] - The company has a total of ¥19,534,228.57 in taxes payable, which reflects its tax obligations[60] Cash Flow - Net cash flow from operating activities increased by 41.75% to CNY 111,610,565.23 year-on-year[10] - Cash flow from operating activities in Q1 2019 was ¥492,551,315.30, an increase from ¥391,839,682.88 in Q1 2018[46] - Cash flow from operating activities totaled ¥289,801,482.30, compared to ¥223,980,981.31, a growth of 29.4%[52] - Cash flow from investing activities was negative at -31,193,909.25, a significant increase in outflows compared to -4,373,061.73 in Q1 2018[20] - The net cash flow from financing activities was -¥13,824,655.09, contrasting with a positive flow of ¥19,643,811.30 in the prior year[52] Shareholder Information - The number of shareholders reached 16,476 at the end of the reporting period[16] - The company’s basic earnings per share decreased by 14.28% to CNY 0.12[10] - Basic earnings per share for Q1 2019 was ¥0.12, compared to ¥0.14 in Q1 2018[46] Research and Development - R&D expenses rose to 15,858,288.34, reflecting a 33.93% increase due to higher direct investment and testing costs[20] - Research and development expenses for Q1 2019 were ¥15,858,288.34, up from ¥11,840,676.56, showing a growth of 33.0%[38] - Research and development expenses for Q1 2019 totaled ¥6,044,159.49, down from ¥6,613,732.64 in Q1 2018[42] Financial Expenses - Financial expenses increased by 137.45% to 3,615,292.21, primarily due to higher bank loan interest payments[20] - Financial expenses for Q1 2019 were ¥3,126,355.25, compared to ¥249,864.15 in Q1 2018, indicating a substantial increase[42] Other Comprehensive Income - The company reported a significant increase in other comprehensive income to 228,623.03, up 144.50% mainly due to foreign currency translation adjustments[20]

Financial Performance - The company's operating revenue for 2018 was CNY 1,497,786,705.08, representing a 15.44% increase compared to CNY 1,297,433,732.74 in 2017[28] - The net profit attributable to shareholders for 2018 was CNY 81,832,816.85, a decrease of 11.41% from CNY 92,372,603.57 in 2017[28] - The net cash flow from operating activities increased significantly to CNY 170,222,429.74, up 298.81% from CNY 42,682,365.87 in 2017[28] - The total assets at the end of 2018 were CNY 2,049,619,994.61, reflecting a 23.21% increase from CNY 1,663,543,061.97 at the end of 2017[28] - The company's net assets attributable to shareholders increased to CNY 1,250,592,083.18, a growth of 5.39% compared to CNY 1,186,623,266.49 in 2017[28] - Basic earnings per share for 2018 were CNY 0.33, down 15.38% from CNY 0.39 in 2017[29] - The company reported a total profit of CNY 11,228.58 million, a year-on-year increase of 2.95%[58] - Net profit attributable to shareholders of the parent company was CNY 8,183.28 million, a decline of 11.41% year-on-year[58] Cash Flow and Investments - The company’s operating cash flow net amount was CNY 170,222.43 million, an increase of 298.81% compared to the previous year[59] - The company plans to distribute a cash dividend of CNY 1.28 per 10 shares (including tax) and to increase capital by 2 shares for every 10 shares held[6] - The company has established a wholly-owned subsidiary in Singapore to advance its internationalization efforts[57] - The company plans to invest 300 million RMB to establish a new company for the automotive environmental fine chemicals project in Jiangsu Province[142] - The company will acquire 70% of Jiangsu Ruifeng New Energy Technology Co., Ltd. for 302.91 million RMB, making it a subsidiary[145] Market Trends and Growth - The market for diesel engine exhaust treatment liquids is expected to grow significantly due to new environmental regulations implemented in 2018[44] - The automotive maintenance market is experiencing increasing demand due to rising vehicle ownership and improved maintenance knowledge among consumers[44] - The automotive environmental fine chemicals industry is experiencing growth due to increasing environmental regulations and consumer demand for eco-friendly products[148] - The automotive maintenance products market is expected to grow significantly due to the increasing number of vehicles in China[153] Research and Development - The company has established four research laboratories focusing on lubricating materials, exhaust treatment products, automotive maintenance products, and new materials[38] - Research and development expenses amounted to ¥53,528,600.37, representing 3.57% of total revenue, with a year-on-year increase of 11.39%[82] - The company aims to enhance its lubricant products to meet stricter emission standards, focusing on better engine protection and longer oil change intervals[94] - The company plans to increase R&D investment to address market demands for energy conservation and emission reduction, particularly in the urea solution sector[96] Competitive Position and Strategy - The company is recognized as one of the leading enterprises in the domestic automotive exhaust treatment industry, with a strong competitive position in lubricants[99] - The company aims to enhance its core competitiveness by optimizing product structure, improving R&D capabilities, and expanding marketing services[160] - The company plans to increase market share in lubricants, engine coolants, and automotive maintenance products through technological advancements and resource optimization[161] - The company emphasizes continuous innovation and R&D to meet market requirements and improve product offerings[162] Risks and Challenges - The company faces significant risks from raw material price fluctuations, as direct material costs constitute a high proportion of the main business costs[174] - The report includes a risk statement regarding uncertainties in operational plans and development strategies[7] Corporate Governance and Compliance - The company is committed to improving its corporate governance structure and operational efficiency in compliance with relevant laws and regulations[169] - The company has not violated any decision-making procedures for providing guarantees[11] Shareholder Information - The lock-up period for shareholders of Longpan Technology is set for 36 months from the date of listing, during which they cannot transfer or manage their shares[187] - After the lock-up period, shareholders can reduce their holdings, but the reduction in the first year cannot exceed 50% of their total shares held at the time of the IPO[188]

2019 年第一季度报告 公司代码：603906 公司简称：龙蟠科技 江苏龙蟠科技股份有限公司 2019 年第一季度报告 1 / 23 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 23 2019 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 公司负责人石俊峰、主管会计工作负责人沈志勇及会计机构负责人（会计主管人员）周林保 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 | --- | --- | --- | --- | --- | |-------------------------------------------------|--------- ...

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。 2018 年第三季度报告 公司代码：603906 公司简称：龙蟠科技 江苏龙蟠科技股份有限公司 2018 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人石俊峰、主管会计工作负责人沈志勇及会计机构负责人（会计主管人员）周林保 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 3 / 21 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 2,144,436,981.61 1,663,543,061.97 28.91 归属于上市公司 股东的净资产 1 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 681,428,786.66, representing a 9.14% increase compared to CNY 624,369,200.37 in the same period last year[19] - The net profit attributable to shareholders of the listed company decreased by 11.99% to CNY 44,869,738.89 from CNY 50,981,560.50 year-on-year[19] - The net cash flow from operating activities increased by 54.38% to CNY 50,609,060.14, compared to CNY 32,782,883.18 in the previous year[19] - Basic earnings per share decreased by 25.00% to CNY 0.21 from CNY 0.28 in the same period last year[21] - The weighted average return on net assets decreased by 1.88 percentage points to 3.65% from 5.53% year-on-year[21] - Operating costs increased by 15.21% to 475.51 million RMB, primarily due to rising raw material prices[37] - The total comprehensive income for the first half of 2018 was CNY 44,896,203.57, down from CNY 50,987,363.75 in the previous year[114] Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,793,918,389.62, a 7.84% increase from CNY 1,663,543,061.97 at the end of the previous year[20] - The net assets attributable to shareholders of the listed company increased by 5.20% to CNY 1,248,272,672.67 from CNY 1,186,623,266.49 at the end of the previous year[20] - Total liabilities increased to CNY 545,645,716.95 from CNY 476,919,795.48, an increase of approximately 14.4%[106] - Short-term borrowings rose by 47.61% to 271.93 million RMB, reflecting increased financing needs[41] - The total amount of external guarantees provided by the company (excluding subsidiaries) during the reporting period was ¥447,000,000[70] Market and Industry - The company operates in the automotive environmental fine chemicals sector, focusing on the development, production, and sales of lubricants, engine coolants, and exhaust treatment fluids[25] - The diesel engine exhaust treatment fluid market has been growing rapidly since 2014, with domestic companies beginning to establish large-scale production bases[29] - The automotive maintenance products market is expected to grow significantly due to the increasing number of vehicles in China, although no dominant brands have emerged yet[29] - The company faces significant competition in the lubricant and engine cooling liquid markets, dominated by multinational and state-owned enterprises[52] Research and Development - The company has established a product development and innovation management system compliant with VDA6.5 standards, recognized as a technology center by Jiangsu Province and Nanjing City[31] - The company’s research and development efforts are guided by energy-saving and environmental protection policies, aligning with market needs[25] - Research and development expenses were 21.46 million RMB, a slight decrease of 1.43% from the previous year[37] Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5] - The company has not violated any decision-making procedures for providing guarantees[5] - The company has committed to fulfilling all public commitments made during the IPO process[63] - The company has not faced any penalties or rectification requirements from regulatory authorities during the reporting period[65] Environmental Responsibility - The company has not experienced any environmental pollution incidents or received administrative penalties from local environmental protection departments since its establishment[78] - The company’s wastewater is treated at a local sewage treatment plant, and the production process generates only a small amount of VOCs, which are treated to meet emission standards[73] - The company has established an effective environmental risk management system and continuously improves its environmental protection facilities[79] Shareholder Information - The largest shareholder, Shi Junfeng, holds 126,584,640 shares, representing 49.82% of the total shares[89] - The company has 18,840 ordinary shareholders as of the end of the reporting period[87] - The company completed the initial grant registration of the 2017 restricted stock incentive plan, with a total of 3.72 million shares granted to 60 individuals[66] Cash Flow and Investments - The company reported a significant increase in cash received from other operating activities, totaling ¥43,022,759.07, compared to ¥28,429,191.96 in the prior period[119] - Investment cash inflow amounted to ¥356,995,143.33, significantly higher than ¥1,072,800.00 in the prior period, while investment cash outflow was ¥430,444,606.73, leading to a net cash flow from investment activities of -¥73,449,463.40[121] - The company’s cash flow from investment activities showed a negative trend, with a net cash outflow of -¥81,659,013.63, compared to -¥197,392,647.18 previously[124] Accounting and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial status and operating results accurately[144] - The company assesses and recognizes impairment losses for significant receivables based on expected future cash flows[159] - The company applies a combination of methods for estimating bad debt provisions based on credit risk characteristics[160] - The company recognizes government grants related to assets as deferred income, which is amortized over the useful life of the related assets[190]