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].

杭州格林达电子材料股份有限公司关于接受投资者调研的纪要 杭州格林达电子材料股份有限公司（以下简称"公司"）于 2022 年 3 月 9 日通过电话会议的形式接待投资者调研，公司总经理方伟华先生和董事会秘书 章琪女士出席会议，介绍公司基本情况并回答了投资者提出的问题。 一、参与调研的机构 广发证券、富国基金 二、交流的主要问题与公司回复概要 1、公司 2021 年的基本情况如何？ 答：公司 2021 年生产经营状况良好。项目建设方面，公司募投项目四川格 林达电子材料项目（一期）正在建设中，目前处于设备购置阶段，将按计划于 2022 年 6 月建成，公司年产 7 万吨扩产项目（一期）自 2020 年下半年投入运 行，2021 年整体运行状况良好，保持较高的产能利用率，二期项目的建设将视 市场实际情况而定，公司将于 4 月 22 日披露 2021 年年度报告，届时将在报告 中汇报最新的情况；研发项目方面，公司省级重点研发项目（"半导体集成电路 级高纯绿色四甲基氢氧化铵显影液专用化学品开发"项目）已按照开发计划已 通过浙江省专家组验收和公示，公司"光刻胶用显影液（极大规模集成电路用）" 项目处于产线测试阶段。 2、原 ...

Financial Performance - The company's revenue for Q3 2021 reached ¥199,731,420.24, representing a year-over-year increase of 25.75%[5] - Net profit attributable to shareholders was ¥38,669,582.19, reflecting a growth of 30.36% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥32,776,158.29, which is an increase of 16.52% year-over-year[5] - The company experienced a 25.88% increase in revenue for the year-to-date period, totaling ¥532,398,138.80[5] - Net profit for the first three quarters of 2021 was ¥101,255,501.25, representing a 24.4% increase from ¥81,423,345.13 in 2020[21] Earnings and Shareholder Returns - Basic earnings per share for the quarter were ¥0.27, down 22.86% from the previous year[6] - Earnings per share for the first three quarters of 2021 were ¥0.71, down from ¥1.03 in the same period of 2020[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,334,062,748.59, marking a 6.88% increase from the end of the previous year[6] - Current assets totaled RMB 996,380,641.95, compared to RMB 915,971,049.50 in the previous year, indicating an increase of about 8.8%[17] - Total liabilities increased to RMB 155,511,336.33 from RMB 143,342,647.74, reflecting a growth of about 8.5%[18] - The total non-current assets amounted to RMB 337,682,106.64, slightly up from RMB 332,159,140.10, indicating a growth of about 1.6%[17] Cash Flow - The company reported cash flow from operating activities of ¥100,674,666.85, which increased by 6.42% year-to-date[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥100,674,666.85, compared to ¥94,597,141.30 in 2020[24] - The company generated cash inflows from operating activities totaling ¥548,411,828.41, compared to ¥412,158,781.60 in the same period of 2020[24] - Investment activities resulted in a net cash outflow of ¥174,745,648.24 for the first three quarters of 2021, compared to a net outflow of ¥163,536,555.19 in 2020[24] Equity and Retained Earnings - The total equity attributable to shareholders was ¥1,178,551,412.26, up 6.68% from the previous year[6] - The company reported a total of ¥288,859,291.74 in undistributed profits as of the end of the third quarter of 2021, up from ¥224,336,591.17 at the end of 2020[19] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥17,021,868.49, an increase of 25.5% from ¥13,602,325.34 in 2020[20] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[15] - The report was issued by the board of directors on October 22, 2021[26]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 332,666,718.56, representing a 25.96% increase compared to CNY 264,095,679.02 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was CNY 62,585,919.06, up 20.92% from CNY 51,758,739.58 in the previous year[19]. - The net cash flow from operating activities decreased by 43.38% to CNY 36,986,563.21 from CNY 65,320,120.80 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 1,252,971,429.29, a slight increase of 0.39% from CNY 1,248,130,189.6 at the end of the previous year[20]. - The basic earnings per share decreased by 35.29% to CNY 0.44 from CNY 0.68 in the same period last year[21]. - The weighted average return on net assets decreased by 4.05 percentage points to 5.53% from 9.58% in the previous year[21]. - The company reported non-recurring gains of CNY 6,256,159.62, including government subsidies and other non-operating income[24]. - The total comprehensive income for the first half of 2021 was CNY 62,585,919.06, compared to CNY 51,758,739.58 in the first half of 2020, reflecting a growth of 20.0%[167]. Business Operations - The company specializes in the R&D, production, and sales of ultra-pure electronic chemicals, with key products including developing solutions and etching liquids[27]. - The company adopts a "sales-driven production" model, organizing production based on customer orders[28]. - The core product TMAH developing solution meets SEMI G4 standards, crucial for the production of LCD and OLED display panels[27]. - The company has achieved a technological breakthrough in TMAH developer liquid, breaking the monopoly of foreign enterprises and successfully replacing imports while exporting to South Korea, Japan, and Taiwan[33]. - The domestic sales model involves direct sales to major display panel manufacturers, utilizing online promotion, trade shows, and sales visits to expand the customer base[34]. - The overseas sales strategy is led by the marketing department, which formulates annual sales plans based on customer procurement needs and historical sales performance[37]. - The company has maintained stable sales prices with foreign clients, supported by framework agreements that allow for regular procurement orders[38]. - The company is focusing on expanding its production capacity for TMAH developer, BOE etching solution, and aluminum etching solution to meet growing demand[64]. Market and Industry Trends - The demand for wet electronic chemicals has significantly increased due to the rapid development of downstream industries such as semiconductors and display panels, with a projected industry growth rate of 6.3% in 2021[46][47]. - The domestic semiconductor industry has been growing rapidly, with the global display panel market value reaching $114.6 billion in 2020, showing a 13% year-on-year increase[47]. - The government is providing increasing policy support for the wet electronic chemicals industry, enhancing the competitive position of domestic enterprises[44][45]. - The company is well-positioned to capture the growing domestic market for high-end wet electronic chemicals, with significant potential for import substitution[48]. Risk Management - The company has detailed potential risks in the report, which investors should review[6]. - The company faces safety production risks due to the nature of its chemical products, which could impact operations if accidents occur[74]. - The company is exposed to raw material price fluctuations, which can affect its operating performance due to the high proportion of raw material costs in its overall expenses[81]. - The company acknowledges the potential impact of unforeseen events, such as natural disasters or social unrest, on its business and financial performance[86]. Shareholder Commitments - The company has established a profit distribution policy to ensure stable returns for investors and maintain continuous shareholder value[113]. - The controlling shareholder commits not to interfere with the company's management or infringe on its interests[113]. - The actual controller of the company also pledges not to interfere with management activities or infringe on company interests[114]. - The company commits to a six-month lock-up period for shareholders, extending automatically if stock prices fall below the adjusted issuance price for 20 consecutive trading days[101]. - Major shareholders, including the controlling shareholder, express confidence in the company's future and commit to long-term stockholding[102]. Environmental and Safety Standards - The company has established comprehensive safety and environmental operation standards, continuously investing in environmental protection to meet national and local regulations[75]. - The company has passed the ISO 14001:2015 environmental management system certification, indicating its commitment to environmental responsibility[93]. - During the reporting period, the company did not receive any penalties from relevant authorities due to environmental protection issues[93]. - The company has implemented measures to properly handle "three wastes" (waste gas, waste water, and solid waste) during its production processes, ensuring emissions meet national standards[93]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period was 16,790[143]. - The top ten shareholders held a total of 106,906,240 shares, with the largest shareholder, Hangzhou Electric Chemical Group, owning 60,039,890 shares, representing 42.12% of the total[145]. - The company has a total of 60,039,890 restricted shares that will become tradable on August 19, 2023[147]. - The total number of shares held by the top ten unrestricted shareholders was 992,978, with the largest being Zhu Xiaohong[146].