Financial Performance - The company's operating revenue for 2022 was approximately CNY 3.59 billion, representing a year-on-year increase of 19.71% compared to CNY 2.99 billion in 2021[22]. - The net profit attributable to shareholders for 2022 was approximately CNY 401.49 million, a significant increase of 130.67% from CNY 174.06 million in 2021[22]. - The basic earnings per share for 2022 was CNY 1.9635, up 130.67% from CNY 0.8512 in 2021[23]. - The weighted average return on equity for 2022 was 20.68%, an increase of 10.58 percentage points compared to 10.10% in 2021[23]. - The net cash flow from operating activities for 2022 was approximately CNY 326.23 million, a 97.97% increase from CNY 164.79 million in 2021[22]. - Total assets at the end of 2022 were approximately CNY 3.17 billion, reflecting a year-on-year increase of 13.94% from CNY 2.78 billion in 2021[22]. - The company's net assets attributable to shareholders at the end of 2022 were approximately CNY 2.09 billion, an increase of 16.90% from CNY 1.79 billion in 2021[22]. - The company reported a net profit excluding non-recurring gains and losses of approximately CNY 397.80 million, which is a 210.02% increase from CNY 128.31 million in 2021[22]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 8 per 10 shares, totaling approximately CNY 167.45 million[5]. - The company distributed a cash dividend of 5 yuan (including tax) for every 10 shares, totaling 102.24 million yuan, which was implemented in June 2022[161]. - The company plans to distribute a cash dividend of 8 RMB per 10 shares, totaling approximately 167.45 million RMB, which represents 41.71% of the net profit attributable to ordinary shareholders in the consolidated financial statements[166]. Revenue Growth - In 2022, the company achieved a total revenue of CNY 3.59 billion, representing a year-on-year growth of 19.71%[40]. - The company reported a total annual revenue increase driven by higher average product prices and a decline in raw material costs, resulting in a substantial growth in operating performance compared to the previous year[31]. - The revenue from pharmaceutical and pesticide intermediates reached approximately ¥831.09 million, an increase of 6.88 percentage points compared to the previous year[44]. - The total revenue from direct sales was approximately ¥2.42 billion, with a gross profit margin of 19.49%, which increased by 7.92 percentage points compared to the previous year[44]. Research and Development - Research and development expenses increased by 17.84% to CNY 104 million, reflecting the company's commitment to innovation[43]. - The company holds 46 invention patents and 6 utility models, showcasing its strong technological advantages in the fine chemical industry[34]. - The company has implemented a talent development strategy that combines internal training and external recruitment to enhance its R&D capabilities[88]. - The company is focusing on clean production technologies for acetic acid and pyridine derivatives as part of its R&D efforts[87]. Environmental Management - Environmental protection is a priority for the company, which has established a standardized environmental management system and achieved ISO 14001:2004 certification[125]. - The company has implemented a series of environmental protection measures to manage wastewater, waste gas, and solid waste[182]. - The company has a comprehensive emergency response plan for environmental incidents, which includes 14 chapters detailing risk assessment, emergency response organization, and preventive measures[189]. - The company has engaged professional environmental companies for the treatment of general industrial waste, ensuring compliance with environmental regulations[184]. Corporate Governance - The company has established a sound corporate governance structure, ensuring compliance with relevant laws and regulations, with no significant discrepancies reported[130]. - The company has a clear decision-making mechanism that protects the interests of all shareholders, particularly minority shareholders[130]. - The company has maintained a stable board of directors with no significant changes in key management personnel during the reporting period[134]. - The company has established specialized committees, including an audit committee and a remuneration and assessment committee, to enhance governance[149]. Market Position and Strategy - The company is focusing on the construction of four major bases in food science, life science, material science, and high-end specialty chemicals to achieve high-quality development[32]. - The company is involved in various national and provincial technology projects, enhancing its innovation capabilities[79]. - The company aims to align with national strategies focusing on innovation, coordination, green development, and high-quality growth, leveraging over 60 years of industry experience[74]. - The company operates in a weakly cyclical industry, specifically in food additives and pharmaceutical pesticide intermediates, which are less affected by economic cycles[78]. Safety Management - The company implemented a dual prevention mechanism for safety risk management, collaborating with Changzhou Xinyang Technology Service Co., Ltd. to enhance digital safety risk control[63]. - The company conducted a comprehensive self-inspection of major safety hazards, with all identified issues rectified and closed-looped[66]. - The company has established a "3+X" safety management system, aiming for first-level safety standardization in hazardous chemical enterprises[64]. Talent and Workforce - The company employed 132 R&D personnel, making up 17.78% of the total workforce[52]. - The company has a total of 904 employees, with 671 in the parent company and 298 in major subsidiaries[156]. - The company has a training plan focusing on internal lecturer development and skills training for employees[159]. Future Outlook - The company is focusing on new product development and technological advancements to enhance market competitiveness[136]. - Market expansion strategies are being evaluated, although no specific regions or markets have been identified yet[136]. - The company plans to enhance its digital marketing efforts, increasing the budget by G% to drive user acquisition[138].

南通醋酸化工股份有限公司 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 2022 年第三季度报告 证券代码：603968 证券简称：醋化股份 单位：元 币种：人民币 | 项目 | 本报告期金额 | 年初至报告期末金额 | 说明 | | --- | --- | --- | --- | | 非流动性资产处置损益 | -2,824,097.18 | -1,654,484.07 | | | 计入当期损益的政府补助，但与公司正常经营 | | | | | 业务密切相关，符合国家政策规定、按照一定 | 3,458,252.25 | 12,079,779.96 | | | 标准定额或定量持续享受的政府补助除 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,868,591,328.76, representing a 32.40% increase compared to ¥1,411,374,811.35 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥213,058,850.30, a significant increase of 164.07% from ¥80,682,615.62 in the previous year[19]. - Basic earnings per share for the first half of 2022 were ¥1.0420, a 164.06% increase from ¥0.3946 in the same period last year[20]. - The total comprehensive income for the first half of 2022 was ¥213,580,854.15, significantly higher than ¥80,678,677.48 in the same period of 2021[123]. - The company reported a total profit of ¥249,595,649.04 for the first half of 2022, up from ¥95,461,283.36 in the same period last year[122]. Cash Flow and Assets - The net cash flow from operating activities reached ¥176,227,310.39, marking a 515.01% increase compared to ¥28,654,438.52 in the same period last year[19]. - The total assets at the end of the reporting period were ¥3,155,588,072.05, up 13.36% from ¥2,783,809,980.24 at the end of the previous year[19]. - The company reported a total current asset balance of CNY 2,156,817,468.89 as of June 30, 2022, compared to CNY 1,846,111,099.54 at the beginning of the period[112]. - Cash and cash equivalents increased to CNY 642,972,751.48 from CNY 281,938,842.28 at the beginning of the period[112]. - The company reported cash inflows from investment activities of CNY 688,833,271.02, slightly down from CNY 729,643,786.47 in the previous year[129]. Liabilities and Equity - The total liabilities reached CNY 1,253,700,161.28, up from CNY 994,065,754.24, indicating an increase of around 26.1%[114]. - The company's equity increased to CNY 1,901,887,910.77 from CNY 1,789,744,226.00, which is an increase of approximately 6.25%[114]. - Short-term borrowings surged to CNY 315,000,000.00 from CNY 70,132,700.00, representing a significant increase of about 348.5%[114]. - The total amount of guarantees (including those to subsidiaries) is CNY 27,000,000, which represents 14.20% of the company's net assets[100]. - The company reported a total of CNY 1,199,705,825.26 in undistributed profits, up from CNY 1,088,886,974.96, reflecting an increase of approximately 10.2%[114]. Research and Development - Research and development expenses surged by 254.52% to ¥42,908,942.97, up from ¥12,103,548.85 in the previous year, indicating a strong focus on innovation[32]. - The company is actively pursuing "green carbon reduction" research in collaboration with universities, aligning with national goals for carbon neutrality[28]. - Employee awareness programs on carbon reduction were implemented, focusing on energy-saving measures such as electricity, fuel, and gas conservation[88]. Environmental Compliance - The company has implemented an ISO 14001:2004 environmental management system to address environmental protection issues[49]. - The company reported a total wastewater discharge of 507,755.6 m³ in the first half of 2022, with a permitted discharge of 979,240 m³[63]. - The actual COD discharge was 56.1 t, significantly below the permitted level of 486.797 t, indicating compliance with pollution discharge standards[63]. - The company has established a complete safety production system, including safety production licenses and emergency response mechanisms, to minimize the risk of hazardous chemical accidents during production[50]. - The company has been rated as a "green" enterprise in Jiangsu Province and recognized as an ecological and environmental demonstration enterprise during the reporting period[87]. Governance and Management - The company has established a governance structure with a board of directors and various committees to oversee strategic and operational decisions[151]. - There have been no changes in the company's board of directors or senior management during the reporting period[56]. - The company has not disclosed any new employee incentive plans or stock ownership plans[57]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[87]. - The company maintained good integrity status during the reporting period, with no significant debts or court judgments unfulfilled[92]. Financial Instruments and Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[154]. - Financial assets are classified into three categories based on the business model for managing them and their cash flow characteristics[185]. - Financial assets measured at amortized cost are classified based on specific criteria, and gains or losses are recognized in profit or loss upon derecognition or impairment[186]. - The company recognizes joint operations by confirming individually held assets and liabilities, as well as income generated from the sale of joint operation outputs[173]. - Cash and cash equivalents are defined as cash on hand and deposits that are readily available for payment[177].

2022 年第一季度报告 证券代码：603968 证券简称：醋化股份 南通醋酸化工股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第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 | 922,648,688.78 | 44.09 | | 归属于上市公司股东的净利润 | 90,802,724.28 | 104.39 | | 归属于上市公司股东的扣除非经常性 | 83,315,624.88 | 114.77 | | 损益的净利润 ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.999 billion, representing a 23.73% increase compared to ¥2.424 billion in 2020[22]. - The net profit attributable to shareholders for 2021 was approximately ¥174 million, a decrease of 29.69% from ¥248 million in 2020[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥128 million, down 37.20% from ¥204 million in 2020[22]. - The net cash flow from operating activities for 2021 was approximately ¥165 million, a decline of 47.02% compared to ¥311 million in 2020[22]. - The total assets at the end of 2021 were approximately ¥2.784 billion, an increase of 16.26% from ¥2.394 billion at the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥1.790 billion, up 5.06% from ¥1.704 billion at the end of 2020[22]. - The basic earnings per share for 2021 were ¥0.8512, a decrease of 29.69% from ¥1.2107 in 2020[23]. - The diluted earnings per share for 2021 were also ¥0.8512, reflecting the same percentage decrease as the basic earnings per share[23]. - The weighted average return on net assets for 2021 was 10.10%, down 5.01 percentage points from 15.11% in 2020[23]. - The company's operating costs increased by 36.24% to CNY 2.585 billion, primarily due to rising raw material and shipping costs[44]. Revenue Trends - In Q1, the company reported revenue of approximately ¥640.31 million, which increased to ¥883.69 million in Q4, showing a significant growth trend[26]. - The net profit attributable to shareholders was ¥44.43 million in Q1, dropping to ¥18.21 million in Q3, but rebounding to ¥75.16 million in Q4[26]. - The cash flow from operating activities showed a positive trend, moving from a negative ¥34.08 million in Q1 to a positive ¥98.89 million in Q4[26]. - Total revenue for the year reached CNY 3,834,473,305.64, with a year-on-year increase of 14.40% in domestic sales and 14.62% in international sales[47]. - Revenue from the food and feed additives segment reached approximately ¥957.18 million, with a gross margin of 21.96%, reflecting a 1.4% increase in revenue compared to the previous year[105]. Research and Development - Research and development expenses rose by 19.31% to CNY 88.13 million, reflecting the company's commitment to innovation[44]. - The company holds 41 invention patents and has been involved in several national technology projects, indicating strong R&D capabilities[35]. - The company has completed several R&D projects, including the development of a clean production process for sorbic acid and high-quality potassium sorbate[57]. - The number of R&D personnel is 105, making up 15.17% of the total workforce[56]. - The research and development strategy emphasizes the improvement of existing processes and the development of new products, particularly in food additives and pharmaceutical intermediates[92]. Market Position and Strategy - The company has been recognized as a top enterprise in fine chemicals in China and has received multiple high-tech enterprise certifications, enhancing its market position[32]. - The company is actively pursuing "green carbon reduction" research in line with national policies on carbon neutrality, aiming for sustainable development[32]. - The company adjusted its sales strategy in response to raw material price increases and competitive market conditions, leading to varying sales performance across products[31]. - The company is focused on sustainable development and has implemented strategies to improve its core competitiveness through technological innovation[39]. - The company has established a diversified strategic layout in food science, life science, material science, and high-end fine chemicals[76]. Environmental Compliance - The company has established a standardized environmental management system and has obtained ISO 14001:2004 certification, ensuring compliance with environmental standards[126]. - The company reported a total wastewater discharge of 875,577.5 m³ in 2021, which is within the permitted limit of 891,494 m³[172]. - The actual emissions of SO2 were 4.42 t, significantly below the permitted limit of 80 mg/L, indicating compliance with environmental standards[171]. - The company has implemented a series of environmental protection measures to manage wastewater, waste gas, and solid waste[174]. - The company has achieved successful completion and acceptance of six project phases, with specific production capacities detailed for each product[180]. Governance and Management - The company has established a comprehensive governance structure to protect shareholder rights, ensuring compliance with relevant laws and regulations[195]. - The management team has extensive experience in the fine chemical industry, contributing to the company's competitive strategy and market positioning[36]. - The company has implemented a performance evaluation mechanism for senior management, contributing to improved governance standards[160]. - The company has a structured emergency response mechanism in place for environmental incidents, ensuring timely reporting and action[186]. - The total remuneration for all directors, supervisors, and senior management during the reporting period amounted to 10.3163 million yuan[142]. Challenges and Risks - The company faced challenges in export markets due to rising logistics costs and currency fluctuations, which compressed profit margins[31]. - The company is exploring new strategies to optimize cost structures and improve overall profitability[136]. - The company faces market risks due to unpredictable factors arising from the COVID-19 pandemic, despite its products being in the food and pharmaceutical sectors, which typically have stable demand[129]. - The company has been recognized as a high-tech enterprise since 2013, benefiting from a reduced corporate income tax rate of 15%[124]. - If the company fails to obtain high-tech enterprise recognition in future years, the corporate income tax rate will increase to 25%, impacting financial performance[125].

2021 年第三季度报告 证券代码：603968 证券简称：醋化股份 南通醋酸化工股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比 上年同期增 | | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | 年初至报告期末 | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 704,227,391.40 | 13.23 | 2,115,602,202.75 | 17 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,411,374,811.35, representing a 20.28% increase compared to ¥1,173,392,532.69 in the same period last year[21]. - The net profit attributable to shareholders decreased by 37.56% to ¥80,682,615.62 from ¥129,224,345.75 year-on-year[21]. - The net cash flow from operating activities dropped significantly by 83.85% to ¥28,654,438.52 compared to ¥177,404,980.20 in the previous year[21]. - The total assets increased by 7.60% to ¥2,576,295,339.37 from ¥2,394,434,224.25 at the end of the previous year[21]. - The basic earnings per share decreased by 38.10% to ¥0.39 from ¥0.63 in the same period last year[22]. - The weighted average return on net assets fell to 4.60%, down from 7.91% in the previous year, a decrease of 3.31 percentage points[22]. - The net profit after deducting non-recurring gains and losses was ¥59,638,746.24, a decrease of 50.44% compared to ¥120,343,382.22 in the same period last year[21]. Operating Costs and Expenses - Operating costs increased by 30.82% to CNY 1,243,388,098.79, primarily due to rising raw material prices and increased sales volume[31]. - Research and development expenses rose by 41.09% to CNY 12,103,548.85, reflecting the company's commitment to new product development[31]. - The price of acetic acid, a key raw material, rose from CNY 3,700 per ton at the beginning of January to CNY 8,100 per ton by mid-June, significantly impacting operational costs[28]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 47.59% to ¥469,828,716.87, accounting for 18.22% of total assets[34]. - Accounts receivable increased by 35.59% to ¥528,479,722.46, representing 20.51% of total assets due to business growth and increased revenue[34]. - Inventory rose by 47.55% to ¥190,347,214.42, making up 7.39% of total assets, attributed to increased finished goods and goods in transit[34]. - Short-term borrowings increased by 14.06% to ¥351,061,100.00, accounting for 13.61% of total assets[34]. Environmental Compliance and Management - The company has established a standardized environmental management system and has obtained ISO 14001:2004 certification, ensuring compliance with environmental regulations[48]. - The company has implemented continuous monitoring for various pollutants to ensure compliance with environmental regulations[67]. - The company has a wastewater treatment capacity of 5000 tons per day, utilizing UASB, anaerobic, and aerobic treatment processes, ensuring compliance with the national wastewater discharge standards[74]. - The company has implemented comprehensive air pollution control measures, including the installation of online monitoring devices for emissions from the pyrolysis furnace and VOC concentrations at the plant boundary[75]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 15,528[108]. - The largest shareholder, Gu Qingquan, holds 20,866,700 shares, accounting for 10.20% of the total shares[109]. - The company has committed to not transferring more than 25% of its total shares held annually during the tenure of its directors and senior management[94]. - The company has confirmed that it holds 5% or more of the shares in Acetic Acid Chemical, and any reduction in holdings must be announced three trading days in advance[94]. Strategic Initiatives and Market Position - The company has been recognized as one of China's top fine chemical enterprises and a national high-tech enterprise, indicating strong market positioning[28]. - The company is focusing on optimizing its supply chain and enhancing its production capabilities to meet national environmental standards[28]. - The company anticipates uncertainties in market sales for the second half of the year due to fluctuating raw material prices and international shipping costs[30]. - The company has implemented strategic adjustments in marketing and internal management to navigate the challenging business environment[29]. Financial Instruments and Accounting Policies - The company's financial statements are prepared based on the accrual basis of accounting, in accordance with the accounting standards issued by the Ministry of Finance[158]. - The company recognizes the operating results and cash flows of newly acquired subsidiaries from the date they are under common control, while those acquired under different control are included from the purchase date[170]. - Financial assets are derecognized when the group no longer expects to recover the contractual cash flows, typically due to the debtor's financial difficulties[194]. Risk Management and Emergency Preparedness - The company has established an emergency response plan for environmental incidents, last updated in January 2021, to minimize economic losses and ensure public safety[80]. - The environmental risk assessment indicates a significant risk level due to potential major environmental incidents, including water and air pollution[81]. - The company has a 24-hour alarm system in place for early warning of potential environmental incidents[83].

Financial Performance - Operating revenue rose by 26.97% to CNY 640,310,110.93 year-on-year[5] - Net profit attributable to shareholders decreased by 26.16% to CNY 44,426,104.62 compared to the same period last year[5] - The weighted average return on equity decreased by 1.19 percentage points to 2.57%[5] - Total operating revenue for Q1 2021 was CNY 640,310,110.93, an increase of 27% compared to CNY 504,295,509.92 in Q1 2020[21] - Net profit for Q1 2021 was CNY 44,426,104.62, a decrease of 26.2% from CNY 60,164,772.77 in Q1 2020[22] - Basic earnings per share for Q1 2021 were CNY 0.22, down from CNY 0.29 in Q1 2020[22] - The company reported a total comprehensive income of CNY 54,361,795.10 for Q1 2021, compared to CNY 50,852,322.47 in Q1 2020, reflecting an increase of 9.9%[22] Cash Flow - Cash flow from operating activities showed a significant decline of 149.90%, resulting in a net outflow of CNY 34,075,645.75[5] - The net cash flow from operating activities decreased by 149.90% to -34,075,645.75 RMB compared to the previous period due to an increase in accounts receivable and prepayments[11] - The net cash flow from investing activities decreased by 222.85% to -212,888,512.76 RMB, attributed to an increase in cash management investments and fixed asset acquisitions[11] - The net cash flow from financing activities decreased by 61.88% to 42,981,068.49 RMB, primarily due to a reduction in net bank borrowings compared to the previous year[11] - Cash flow from operating activities for Q1 2021 was negative at -¥34.08 million, compared to positive cash flow of ¥68.28 million in Q1 2020[26] - Investment activities resulted in a net cash outflow of -¥212.89 million in Q1 2021, compared to a net inflow of ¥173.29 million in Q1 2020[27] - Cash flow from financing activities resulted in a net inflow of $43.04 million, down from $53.08 million year-over-year[29] Assets and Liabilities - Total assets increased by 5.37% to CNY 2,522,971,652.76 compared to the end of the previous year[5] - Total current assets as of March 31, 2021, amounted to 1,746,342,776.24 RMB, an increase from 1,671,259,843.00 RMB at the end of 2020[14] - The total assets as of March 31, 2021, were 2,522,971,652.76 RMB, compared to 2,394,434,224.25 RMB at the end of 2020[16] - The total liabilities increased to 764,597,026.33 RMB from 690,860,743.55 RMB, indicating a rise in financial obligations[16] - Total liabilities increased to CNY 633,457,346.47 in Q1 2021, up from CNY 600,911,666.13 in Q1 2020, marking a rise of 5.4%[19] - The company's total equity reached CNY 1,654,277,116.27 in Q1 2021, compared to CNY 1,612,131,095.26 in Q1 2020, indicating an increase of 2.6%[19] Investment and Research - Research and development expenses increased by 47.65% to CNY 5,300,069.04, indicating a higher investment in innovation[10] - Research and development expenses increased to CNY 5,300,069.04 in Q1 2021, compared to CNY 3,589,617.00 in Q1 2020, reflecting a growth of 47.6%[21] - Financial derivatives business generated an investment income of CNY 13,388,388.61, up 488.08% year-on-year[10] Shareholder Information - The number of shareholders reached 15,709, reflecting a stable investor base[9] - The total equity attributable to shareholders increased to 1,758,374,626.43 RMB from 1,703,573,480.70 RMB, reflecting retained earnings growth[16] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to 693,280,351.62 RMB from 896,394,201.87 RMB, showing a decline in liquidity[14] - Cash and cash equivalents at the end of Q1 2021 were ¥693.28 million, down from ¥879.48 million at the end of Q1 2020[27] - The total cash and cash equivalents at the end of the period decreased to $587.53 million from $758.72 million in the previous year[29] - The beginning cash and cash equivalents balance was $721.44 million, indicating a strong starting position despite the net decrease[29] Foreign Exchange Impact - The company reported a significant reduction in foreign exchange impact on cash and cash equivalents, decreasing by 87.75% to 869,239.77 RMB compared to the previous period[11] - The company experienced a foreign exchange impact on cash and cash equivalents of $796,716.62, compared to $5.46 million in the previous year[29]

Financial Performance - The company's operating revenue for 2020 was approximately ¥2.42 billion, representing a 7.37% increase compared to ¥2.26 billion in 2019[21] - The net profit attributable to shareholders for 2020 was approximately ¥247.57 million, an increase of 12.01% from ¥221.02 million in 2019[21] - The net cash flow from operating activities was approximately ¥311.02 million, reflecting a 9.01% increase from ¥285.33 million in 2019[21] - The total assets at the end of 2020 were approximately ¥2.39 billion, a 14.61% increase from ¥2.09 billion at the end of 2019[21] - The net assets attributable to shareholders increased to approximately ¥1.70 billion, an 8.23% increase from ¥1.57 billion in 2019[21] - The basic earnings per share for 2020 was ¥1.21, a 12.04% increase from ¥1.08 in 2019[22] - The weighted average return on equity for 2020 was 15.11%, an increase of 0.48 percentage points from 14.63% in 2019[22] - Total revenue for 2020 was approximately 2.62 billion RMB, with quarterly revenues of 504.30 million RMB, 669.10 million RMB, 621.95 million RMB, and 628.62 million RMB respectively[24] - Net profit attributable to shareholders for the year was approximately 247.56 million RMB, with quarterly profits of 60.16 million RMB, 69.06 million RMB, 65.24 million RMB, and 53.10 million RMB[24] - The company reported a net cash flow from operating activities of 310.02 million RMB for the year, with quarterly cash flows of 68.28 million RMB, 109.12 million RMB, 92.97 million RMB, and 40.65 million RMB[24] Dividend Distribution - The company plans to distribute a cash dividend of ¥5 per 10 shares, totaling approximately ¥102.24 million[5] - The cash dividend distribution for 2020 represents 41.30% of the net profit attributable to ordinary shareholders, compared to 46.26% in 2019 and 50.89% in 2018[132] - The company has not proposed a cash profit distribution plan despite having positive distributable profits for ordinary shareholders during the reporting period[133] Operational Efficiency - The company adopted a centralized procurement model and a sales strategy combining direct and channel sales to enhance operational efficiency[31] - The company achieved a gross profit margin of 26.32% in international markets, with a year-on-year increase of 3.35 percentage points[50] - The gross profit margin for the food feed segment was 35.22%, with a year-on-year increase of 4.51 percentage points[50] - The company reported a significant reduction in sales expenses by 46.24% to CNY 26,877,767.08 due to the implementation of new revenue recognition standards[56] Research and Development - Research and development expenses amounted to CNY 73,866,887.37, representing 3.05% of total operating revenue[56] - The total number of R&D personnel was 125, accounting for 16.56% of the company's total workforce[56] - The company completed several R&D projects aimed at improving product quality and reducing production costs, including new processes for potassium sorbate and acetylsulfonic acid potassium[57] - The company is committed to enhancing its R&D capabilities, with a focus on process improvements and energy-saving technologies in food/feed additives, and clean production technologies for acetic and pyridine derivatives[89] Market Position and Strategy - The company operates in high-end specialty chemicals, focusing on acetic acid derivatives and pyridine derivatives, with applications in food preservation, pharmaceuticals, and dyes[30] - The company has established stable partnerships with key domestic and international clients, enhancing its brand recognition in the industry[35] - The company is focusing on a diversified strategic layout centered on food science, life science, material science, and high-end fine chemicals, leveraging 60 years of industry experience[75] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[200] Environmental and Safety Compliance - The company emphasizes safety and environmental protection, aiming for high standards in waste discharge and striving for environmental A-level certification[45] - The company has implemented a comprehensive quality management system, certified by multiple international standards, ensuring high product quality[38] - The company has established a comprehensive safety management system to mitigate risks associated with hazardous chemicals in its production processes[127] - The company has implemented continuous monitoring for various pollutants, ensuring compliance with environmental regulations[162] Social Responsibility - The company donated 16.43 tons of 75% alcohol disinfectant, valued at 95,633 RMB, to frontline medical institutions during the early stages of the COVID-19 pandemic[151] - The company contributed 50,000 RMB to support community workers in pandemic prevention efforts[151] - The company actively participates in social responsibility initiatives, including poverty alleviation through consumption and establishing dedicated sales counters[154] Challenges and Risks - The company has detailed the risks it faces, including market, tax, safety, and environmental risks, in the report[7] - The company faces challenges from economic and political environments, including increased regulatory pressure for safety and environmental protection, necessitating a shift towards "green chemistry"[75] - The company acknowledges potential risks from changes in tax policies that could affect its tax rate and overall financial performance[125] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,777, an increase from 15,709 at the end of the previous month[186] - The top ten shareholders hold a total of 100,000,000 shares, with the largest shareholder, Gu Qingquan, owning 20,866,700 shares, representing 10.20% of the total[188] - The company has not experienced any changes in its ordinary share capital structure during the reporting period[184]

2020 年第三季度报告 公司代码：603968 公司简称：醋化股份 南通醋酸化工股份有限公司 2020 年第三季度报告 2.1 主要财务数据 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 / 22 1.3 公司负责人庆九、主管会计工作负责人颜美华 及会计机构负责人（会计主管人员） 王玉娟保证季度报告中财务报表的真实、准确、完整。 | 目录 | | --- | 1.4 本公司第三季度报告未经审计。 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 二、 公司基本情况 2020 年第三季度报告 一、 重要提示 | 项目 | 本期金额 | 年初至报告期末金额 | 说明 | | --- | --- | --- | --- | | | （7－9 月） | （1-9 月） | | | 非流动资产处置损益 | -2,724,64 ...