关于杭州格林达电子材料股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 兴业证券股份有限公司(以下简称"兴业证券"或"保荐机构")为杭州格 林达电子材料股份有限公司(以下简称"格林达"或"公司")首次公开发行股 票并上市持续督导的保荐机构,根据《证券发行上市保荐业务管理办法》《上海 证券交易所股票上市规则(2023年2月修订)》《上市公司监管指引第2号 -- 上市公司募集资金管理和使用的监管要求(2022年修订)》等有关规定,就格林 达使用首次公开发行股票闲置募集资金进行现金管理事项进行了核查,具体情况 如下: 一、募集资金基本情况 兴业证券股份有限公司 (三) 投资产品品种 经中国证券监督管理委员会《关于核准杭州格林达电子材料股份有限公司首 次公开发行股票的批复》(证监许可(2020) 1500 号文)核准,并经上海证券 交易所同意,公司获准向社会公众公开发行人民币普通股股票(A 股)2,545.39 万股,每股发行价 21.38 元,募集资金总额为人民币 54,420.44 万元,扣除发行 费用后,募集资金净额为人民币 50,331.44 万元。上述募集资金已经致同会计师 事务所（特殊普通合伙 ...

根据《中华人民共和国公司法》、《杭州格林达电子材料股份有限公司独立董 事工作细则》等相关法律法规、规范性文件和《杭州格林达电子材料股份有限公 司章程》的规定,我们作为杭州格林达电子材料股份有限公司(以下简称"公司") 的独立董事,本着实事求是、认真负责的态度,基于独立判断的立场,现对公司 第二届董事会第十七次会议相关事项进行了认真审核，并发表独立意见如下: 一、关于使用部分暂时闲置募集资金进行现金管理的独立意见 我们认为:在不影响募集资金投资项目建设和保证募集资金安全的前提下, 公司拟使用暂时闲置募集资金进行现金管理,符合《上海证券交易所股票上市规 则》、《上市公司监管指引第 2 号-上市公司募集资金管理和使用的监管要求》和 杭州格林达电子材料股份有限公司 独立董事关于第二届董事会第十七次会议 相关事项的独立意见 (2023年8月11日) 《上海证券交易所上市公司自律监管指引第1号——规范运作》等相关法规和规 范性文件的规定,有利于提高募集资金使用效率,未与募集资金投资计划相抵触, 也不存在变相改变募集资金使用用途、损害公司股东利益的情形,符合公司和全 体股东的利益。因此我们一致同意公司使用不超过人民币 15 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥161,378,448.92, representing a decrease of 33.23% compared to the same period last year[5] - The net profit attributable to shareholders was ¥27,878,442.37, down 29.36% year-on-year[5] - Basic earnings per share decreased by 29.36% to ¥0.14[6] - Total operating revenue for Q1 2023 was ¥161,378,448.92, a decrease of 33.2% compared to ¥241,680,790.33 in Q1 2022[19] - Net profit for Q1 2023 was ¥27,882,096.92, representing a decline of 29.4% from ¥39,470,052.53 in Q1 2022[20] - Basic earnings per share for Q1 2023 were ¥0.14, compared to ¥0.20 in Q1 2022[21] - The company reported a profit before tax of ¥31,858,084.52 for Q1 2023, down from ¥45,403,947.11 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,534,801,086.11, a decrease of 1.19% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to ¥1,534,801,086.11, a slight decrease from ¥1,553,351,646.74 at the end of 2022[16] - The company's current assets decreased to ¥984,436,156.75 from ¥1,028,249,114.02, reflecting a reduction of approximately 4.25%[17] - Total liabilities decreased to ¥164,131,275.08 from ¥212,073,476.27, a reduction of approximately 22.6%[18] - The company's equity remained stable at ¥199,558,380.00, unchanged from the previous period[18] Cash Flow - The company's cash flow from operating activities was ¥39,543,386.85, with no applicable comparison[5] - Cash inflow from operating activities in Q1 2023 was ¥220,103,497.52, down from ¥234,685,562.70 in Q1 2022[21] - The net cash flow from operating activities for Q1 2023 was $39,543,386.85, a significant improvement compared to a net outflow of $13,641,890.27 in Q1 2022[22] - The cash and cash equivalents at the end of Q1 2023 amounted to $582,768,979.44, down from $707,293,565.47 at the beginning of the period[22] - The net decrease in cash and cash equivalents for the quarter was $126,524,586.03, compared to a decrease of $39,925,737.85 in the same quarter last year[22] - The company did not report any cash inflow from financing activities, with cash outflow recorded at $5,739.49[22] Operating Costs and Income - The company experienced a 38.36% reduction in operating costs, primarily due to decreased material costs[10] - Total operating costs for Q1 2023 were ¥131,581,180.13, down 33.8% from ¥198,845,945.65 in Q1 2022[19] - The company reported a 127.73% increase in non-operating income, attributed to income from equipment disposal[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,311[12] - The largest shareholder, Hangzhou Electric Chemical Group Co., Ltd., holds 42.1% of the shares[12] Future Plans - The company plans to focus on expanding its market presence and enhancing product development strategies in the upcoming quarters[5] - The company is focusing on enhancing its product development and market expansion strategies in the upcoming quarters[15] - The company has plans for potential mergers and acquisitions to strengthen its market position and expand its product offerings[15] - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[19] Research and Development - Research and development expenses for Q1 2023 were ¥11,529,626.93, an increase from ¥10,432,976.65 in Q1 2022[19] Exchange Rate Impact - The company experienced a foreign exchange gain of ¥885,665.75 in Q1 2023, compared to a loss of ¥104,794.52 in Q1 2022[20] - The impact of exchange rate fluctuations on cash and cash equivalents was a negative $952,777.41, worsening from -$502,407.67 in Q1 2022[22] Accounting Standards - The company has not adopted new accounting standards for the year 2023, indicating stability in financial reporting practices[24]

Financial Performance - The company's operating revenue for 2022 was CNY 847,599,449.79, representing an increase of 8.72% compared to CNY 779,618,931.02 in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 163,394,169.64, up 16.26% from CNY 140,543,197.04 in 2021[24]. - The cash flow from operating activities for 2022 was CNY 196,756,998.81, a significant increase of 75.21% compared to CNY 112,300,559.13 in 2021[24]. - The total assets at the end of 2022 were CNY 1,553,351,646.74, reflecting an 11.29% increase from CNY 1,395,773,091.86 at the end of 2021[24]. - The basic earnings per share for 2022 was CNY 0.82, a decrease of 17.17% from CNY 0.99 in 2021[25]. - The weighted average return on equity for 2022 was 12.81%, an increase of 0.67% compared to 12.14% in 2021[25]. - The quarterly revenue for Q4 2022 was CNY 204,812,642.35, with a net profit of CNY 24,149,905.96 attributable to shareholders[27]. - The company reported non-recurring gains of CNY 9,178,563.40 from government subsidies in 2022[27]. - The net profit after deducting non-recurring items for 2022 was CNY 146,458,865.20, up 15.64% from CNY 126,655,224.77 in 2021[24]. - The company's net assets attributable to shareholders at the end of 2022 were CNY 1,340,265,510.22, an increase of 10.03% from CNY 1,218,100,658.81 at the end of 2021[24]. Dividend Policy - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares, totaling approximately 49.89 million RMB, representing a cash dividend payout ratio of 30.53% for the year 2022[6]. - The company implemented a cash dividend policy, distributing a total of 42,762,510 RMB (approximately 30.43% of net profit) as cash dividends for the 2021 fiscal year[151]. Research and Development - The company invested 38.74 million yuan in R&D, marking a 37.25% increase from the previous year[35]. - The company holds 8 invention patents and 20 utility model patents, showcasing its robust R&D capabilities[46]. - The company has established a strong R&D framework, including a provincial-level enterprise research institute and a postdoctoral workstation, to enhance innovation capabilities[81]. - Research and development investments increased by 30%, focusing on sustainable technologies and product innovation[133]. - The company is committed to advancing its research and development in OLED and quantum dot technologies to meet market demands[78]. Market Position and Strategy - The company is a major domestic producer of wet electronic chemicals, benefiting from a first-mover advantage and a well-established procurement and production system[38]. - The company has established supply relationships with major clients, including Wuhan China Star Optoelectronics Technology Co., and has achieved mass supply of various products[34]. - The company is focusing on expanding its market presence in the semiconductor industry, supported by favorable government policies[77]. - The company aims to continuously expand its stable customer base while enhancing its product design and development capabilities[38]. - The company is actively involved in national technology projects, including the development of advanced semiconductor materials and photolithography solutions[36]. Risk Management - The company has outlined potential risks in its future development plans, which are detailed in the management discussion and analysis section[8]. - The company emphasizes the importance of investor awareness regarding the uncertainties in forward-looking statements related to future plans and strategies[7]. - The company is committed to maintaining transparency and has detailed its risk management strategies in the report[8]. - The company faces risks related to the inability to predict future technological updates, which could hinder product development and customer acquisition[117]. - The company is exposed to raw material price fluctuations, which can impact operating performance due to environmental regulations and supply-side reforms[118]. Corporate Governance - The company maintains a robust corporate governance structure, ensuring independence from its controlling shareholder and compliance with legal regulations[123]. - The company has established an independent financial department and accounting system, enabling autonomous financial decision-making[125]. - The company operates independently in research, production, procurement, and sales, with no unfair related transactions[125]. - The company has a clear and complete asset ownership structure, including production systems, land, buildings, and equipment[124]. - The company has signed labor contracts with all employees and maintains an independent personnel and compensation system[125]. Environmental Commitment - The company invested approximately 4.34 million RMB in environmental protection during the reporting period[163]. - The company implemented energy-saving technical transformation projects, saving about 5,000 tons of steam annually, thereby reducing energy consumption[164]. - The company is committed to green production and high-quality development through energy-saving and emission-reduction practices[165]. - The company adopted various measures to reduce carbon emissions, including the use of clean energy and digital transformation of production processes[164]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[133]. - New product launches are expected to contribute an additional 200 million CNY in revenue, with a focus on innovative technologies[133]. - The company plans to enhance its digital marketing strategies, aiming for a 15% increase in online sales[133]. - The company aims to enhance asset quality and improve profitability through strict management of raised funds and accelerated investment in projects[183].

http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 5 月 9 日(星期二) 至 5 月 15 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@greendachem.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 证券代码：603931 证券简称：格林达 公告编号：2023-020 杭州格林达电子材料股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 5 月 16 日(星期二) 下午 14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址： 董事长：蒋慧儿 总经理：方伟华 财务总监：蒋哲男 董事会秘书：章琪 独立董事： 刘树浙 四、 投资者参加方式 （一）投资者可在 2023 年 5 月 16 日 下午 14:00-15:00，通过互联网登录 上证 ...

2022 年第三季度报告 证券代码：603931 证券简称：格林达 杭州格林达电子材料股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 (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 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 187,964,857.69 | -5.89 | 642,786,807.44 | 20.73 ...

Financial Performance - The company's operating revenue for the first half of the year reached ¥454,821,949.75, representing a 36.72% increase compared to ¥332,666,718.56 in the same period last year [20]. - Net profit attributable to shareholders was ¥93,017,286.41, up 48.62% from ¥62,585,919.06 year-on-year [20]. - The net cash flow from operating activities increased by 115.41%, amounting to ¥79,673,992.81 compared to ¥36,986,563.21 in the previous year [21]. - Basic earnings per share rose to ¥0.47, reflecting a 51.61% increase from ¥0.31 in the same period last year [22]. - The weighted average return on net assets improved to 7.36%, an increase of 1.83 percentage points from 5.53% year-on-year [22]. - The company's total assets at the end of the reporting period were ¥1,426,543,554.42, a 2.20% increase from ¥1,395,773,091.86 at the end of the previous year [21]. - The company achieved operating revenue of 454.82 million yuan in the first half of 2022, representing a year-on-year growth of 36.72% [59]. - The net profit attributable to shareholders reached 93.02 million yuan, an increase of 48.62% compared to the same period last year [59]. - The company invested 23.63 million yuan in R&D during the first half of 2022, marking a 151.86% increase year-on-year [60]. Risk Management - The company has detailed potential risks in the report, which investors should review carefully [7]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements [6]. - The company faces safety risks associated with hazardous chemicals in its production processes, which could impact operational stability [70]. - The company is exposed to market risks due to potential fluctuations in macroeconomic conditions and downstream industry demands, which could affect performance [74]. - The company acknowledges the risk of raw material price volatility impacting gross margins, particularly due to environmental regulations affecting the chemical industry [75]. - The company has implemented measures to manage foreign exchange risks, particularly with sales and purchases denominated in USD, but remains vulnerable to currency fluctuations [76]. Corporate Governance - The company reported no profit distribution plan or capital reserve transfer plan during the reporting period [5]. - The management team guarantees the authenticity and completeness of the half-year report, assuming legal responsibility [8]. - The company has not disclosed any significant changes in shareholder structure or stock changes during the reporting period [9]. - The company has not reported any significant changes in its environmental information or compliance status during the reporting period [86]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO, ensuring compliance with relevant regulations [90]. - The company will publicly disclose any failure to fulfill stock lock-up commitments and extend the lock-up period by six months [95]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibility, indicating the company's commitment to sustainable practices [5]. - The company received the "Energy Saving Advanced Unit" title from Hangzhou Linjiang High-tech Park for its efforts in energy conservation and environmental responsibility [86]. - The company has implemented measures to reduce carbon emissions, focusing on energy-saving renovations and digital transformation [86]. - The company has established comprehensive safety and environmental standards to comply with regulations, but faces increasing costs related to environmental governance [71]. Market Position and Strategy - The core product, TMAH developer, has achieved SEMI G5 standard requirements, supporting the localization of high-definition display industries [27]. - The company employs a "make-to-order" production model, aligning production with customer orders to optimize efficiency [28]. - The company has successfully broken the monopoly of foreign enterprises in the TMAH developer market, with products exported to South Korea, Japan, and Taiwan [33]. - The company has established long-term stable relationships with downstream customers after passing a lengthy certification process, ensuring a stable supply of high-quality products [34]. - The company anticipates continued growth in the wet chemical market driven by the rapid development of downstream industries such as displays and semiconductors [46]. Shareholder Information - The company distributed a cash dividend of 3 RMB per 10 shares to all shareholders, totaling 42,762,510 RMB [135]. - The total share capital increased from 142,541,700 shares to 199,558,380 shares after a capital increase of 57,016,680 shares, representing a 40% increase [135]. - The number of limited sale shares held by Hangzhou Electric Chemical Group increased by 24,015,956 shares, bringing the total to 84,055,846 shares, which is 42.12% of the total shares [137]. - The total number of shares with unlimited sale conditions is 115,502,534 shares, representing 57.88% of the total shares [136]. - The company has no foreign shareholding, with all shares held by domestic investors [137]. Research and Development - The company holds 7 invention patents and 19 utility model patents, demonstrating strong R&D capabilities [51]. - The company is actively expanding its product offerings, including the launch of new products like BOE etching liquid and stripping liquid, which are currently being tested by major clients [59]. - The company has received the "Collaborative Development Award" for its project on AMOLED flexible panel etching liquid, highlighting its innovation in the industry [60]. - The company is focused on technological innovation and has initiated several key projects in collaboration with national and provincial development plans [60]. Financial Health - Total liabilities decreased to ¥129,982,469.36 from ¥154,451,099.55, a reduction of 15.7% [156]. - Total equity increased to ¥1,302,425,378.98, compared to ¥1,243,715,143.83, reflecting a growth of 4.7% [156]. - The company reported a total asset value of RMB 1,426,543,554.42, up from RMB 1,395,773,091.86, indicating a growth of about 2.4% [151]. - The company’s retained earnings increased to RMB 360,470,840.15 from RMB 320,146,692.58, an increase of about 12.6% [151].

证券代码：603931 证券简称：格林达 公告编号：2022-019 杭州格林达电子材料股份有限公司 关于参加 2022 年浙江辖区上市公司投资者网上集体接待日 主题活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与广大投资者的沟通交流，杭州格林达电子材料股 份有限公司（以下简称"公司"）将参加由中国证券监督管理委员会 浙江监管局指导，浙江上市公司协会与深圳市全景网络有限公司（以 下简称"全景网"）共同举办的 2022 年浙江辖区上市公司投资者网 上集体接待日主题活动，就公司治理、发展战略、经营情况、可持续 发展等投资者所关心的问题，与投资者进行交流。 本次投资者网上集体接待日主题活动将通过全景网提供的网上 交流平台举行，投资者可以登录全景网网站（http://rs.p5w.net/） 参与本次投资者网上集体接待日主题活动，活动召开时间为：2022 年 05 月 13 日(星期五)15:00-17:00。 届时，公司总经理方伟华先生、财务总监蒋哲男女士、董事会秘 书章琪女士将通过网络互动平台与投资 ...

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 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。 2022 年第一季度报告 证券代码：603931 证券简称：格林达 杭州格林达电子材料股份有限公司 2022 年第一季度报告 单位：元 币种：人民币 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 | 241,680,790.33 | 40.58 | | 归属于上市公司股东的净利润 | 39,467,540.70 | 26.27 | | 归属于上市公司股东的扣除非经常性 | 36,201,114.83 ...

Financial Performance - The company's operating revenue for 2021 was CNY 779,618,931.02, representing a 33.60% increase compared to CNY 583,534,845.70 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 140,543,197.04, a 39.37% increase from CNY 100,844,374.54 in 2020[25]. - The net profit after deducting non-recurring gains and losses was CNY 126,655,224.77, up 36.52% from CNY 92,776,272.02 in 2020[25]. - The company's total assets at the end of 2021 were CNY 1,395,773,091.86, an 11.83% increase from CNY 1,248,130,189.60 at the end of 2020[25]. - The net assets attributable to shareholders increased by 10.26% to CNY 1,218,100,658.81 at the end of 2021, compared to CNY 1,104,787,541.86 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 0.99, a 16.47% increase from CNY 0.85 in 2020[26]. - The weighted average return on equity for 2021 was 12.14%, down from 13.92% in 2020, a decrease of 1.78 percentage points[26]. - The cash flow from operating activities for 2021 was CNY 112,300,559.13, a decrease of 11.27% from CNY 126,565,753.21 in 2020[25]. - The quarterly revenue for Q4 2021 was CNY 247,220,792.22, contributing to the overall annual growth[28]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling 42,762,510 RMB, which represents a cash dividend payout ratio of 30.43%[6]. - The company intends to increase its total share capital by 57,016,680 shares through a capital reserve conversion, resulting in a new total share capital of 199,558,380 shares[6]. - The board of directors must complete the distribution of dividends within 2 months after the shareholders' meeting decision[195]. - The company has established a cash dividend policy, stating that cash dividends should not be less than 10% of the distributable profits for the year[192]. - The company aims for a minimum cash dividend ratio of 80% for mature stages without significant capital expenditure plans[193]. - The profit distribution policy adjustments require a two-thirds majority approval from the shareholders present at the meeting[195]. Corporate Governance - The report includes a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial statements[5]. - The report confirms that all board members attended the board meeting, ensuring accountability for the report's content[4]. - The company has implemented measures to ensure compliance with corporate governance standards, enhancing transparency and protecting shareholder interests[160]. - The company is committed to continuous improvement in corporate governance practices to promote healthy and stable development[162]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[163]. - The company has established an independent financial department and accounting system, ensuring autonomous financial decision-making[164]. - The company has no shared bank accounts with its controlling shareholders and operates as an independent taxpayer[165]. - The company has a well-defined organizational structure that operates independently without any confusion with the controlling shareholders' entities[165]. - The company has signed labor contracts with all employees, implementing an independent personnel and compensation system[164]. - The company has committed to avoiding competition with its controlling shareholders through a formal commitment letter[165]. Research and Development - The company has a strong R&D capability, holding 6 invention patents and 18 utility model patents, and has participated in drafting multiple national and industry standards[52]. - The company is committed to continuous innovation and product quality improvement, contributing to the advancement of the manufacturing sector[41]. - The total R&D expenditure for the period was 28,223,579.96 yuan, accounting for 3.62% of total revenue, with no capitalized R&D expenses[72]. - R&D expenses increased by 33.41% to 28.22 million RMB, indicating a stronger focus on product development[59]. - The company has established a comprehensive technology innovation mechanism, combining market orientation with industry-academia-research collaboration[108]. - The company is focusing on R&D in the semiconductor field to achieve breakthroughs in wet electronic chemicals applications[135]. - The company has launched a new production line for TMAH developer solution, achieving industrial-scale production and filling a domestic gap[137]. - The company is actively developing supporting products alongside TMAH, including stripping liquids and etching solutions, with some already in mass production[105]. Market Position and Strategy - The company aims to become a leading manufacturer in specific segments of the manufacturing industry, focusing on strong market positions and high market shares, with a target of being among the top three globally in specific product markets[41]. - The wet electronic chemicals industry is experiencing significant growth due to the rapid development of downstream sectors such as semiconductors and display panels, with the company positioned as a major domestic producer[42]. - The company is actively involved in the wet electronic chemicals market, which is dominated by foreign companies, holding approximately 33% market share in Europe and the US, and 27% in Japan[131]. - The domestic market for wet electronic chemicals is highly competitive, with local companies capturing over 80% market share in low-end applications like solar cells[132]. - The company has successfully replaced imports with its TMAH developer solution, which is now supplied to major domestic manufacturers and has entered the international market[134]. - The company is expanding its market presence in regions such as Asia and Europe, aiming for a market share increase of F% by the end of the fiscal year[171]. - The company’s market expansion strategy includes participating in exhibitions and direct visits to potential clients[89]. Risks and Challenges - The company has outlined potential risks in its future development plans, which investors should be aware of[10]. - The company faces risks related to safety production and environmental protection due to the nature of its chemical products[144]. - The company is exposed to risks from fluctuations in raw material prices, particularly due to environmental regulations and supply-side reforms, which could impact gross profit margins[154]. - The company acknowledges potential impacts on its operations from macroeconomic fluctuations and significant changes in downstream industry policies and market demand[151]. - The company is at risk of being unable to predict future technological updates in downstream markets, which could hinder product development and market responsiveness[149]. Awards and Recognition - The company was recognized as a "Specialized, Refined, Unique, and Innovative" enterprise in Zhejiang Province for 2021[39]. - The company was selected as a national single champion demonstration enterprise in the manufacturing sector by the Ministry of Industry and Information Technology[40]. - The company received the "China New Display Industry Chain Contribution Award - Collaborative Development Award" for the third time, highlighting its strong service capabilities[55]. - The company has received multiple awards, including the "Top Ten in Electronic Chemical Materials" in the electronic materials industry[104]. Internal Control and Compliance - The company has established a robust internal control system to ensure compliance with legal regulations and enhance decision-making efficiency[198]. - The company has not reported any major defects in its internal control during the reporting period[200]. - The company has implemented management systems for its subsidiaries, covering financial, operational, and performance assessments[200]. - The board of supervisors reviews and supervises the execution of the profit distribution policy[195].