Financial Performance - The company's operating revenue for Q1 2022 was CNY 378,802,067.82, representing a year-on-year increase of 27.34%[5] - The net profit attributable to shareholders for Q1 2022 was CNY 30,099,157.69, showing a significant increase of 178.83% compared to the same period last year[5][10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 24,671,760.18, reflecting a year-on-year growth of 159.59%[5][10] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.18, marking a 157.14% increase year-on-year[6][11] - Net profit reached RMB 30.10 million, representing a significant growth of 178.83% year-on-year[15] - The company reported a total comprehensive income of ¥30,099,157.69 for Q1 2022, compared to ¥10,794,686.34 in Q1 2021[24] Cash Flow - The net cash flow from operating activities was CNY 4,449,521.57, which is an increase of 106.76% compared to the previous year[6][11] - Cash flow from operating activities generated a net amount of ¥4,449,521.57, recovering from a negative cash flow of ¥65,775,368.04 in the same period last year[27] - The net cash flow from investing activities was -5,355,679.17 for Q1 2022, compared to -23,961,890.09 in the previous period[28] - The net cash flow from financing activities was 135,378,223.59, while the previous period showed a net outflow of -154,182,997.93[28] - The net increase in cash and cash equivalents was 134,472,065.99, contrasting with a decrease of -243,920,256.06 in the prior period[28] - The company reported a significant increase in cash and cash equivalents compared to the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,933,319,649.42, up 7.58% from the end of the previous year[6] - Total assets as of March 31, 2022, were RMB 2.93 billion, an increase from RMB 2.73 billion at the end of 2021[19] - The total liabilities as of Q1 2022 amounted to ¥1,114,254,117.35, compared to ¥937,586,349.47 in the previous year[20] - Current liabilities totaled RMB 569.30 million, compared to RMB 476.75 million in the previous year[19] - Total equity attributable to shareholders reached ¥1,819,065,532.07, up from ¥1,788,954,640.62 in Q1 2021[20] Business Expansion - The company has expanded its business into lithium hexafluorophosphate, which has significantly boosted profits[10] - The company sold 122.35 tons of lithium hexafluorophosphate in Q1 2022[15] - A total investment of RMB 700 million is planned for a new lithium hexafluorophosphate project in Ganzhou, Jiangxi, with multiple production lines under development[16] - The second production line with an annual capacity of 3,000 tons is set to be installed by April 2022, while a third line of 5,000 tons is expected to be completed by July 2022[16] - The company has successfully developed samples for lithium hexafluorophosphate packaging barrels and valves[16] Government Support - The company received government subsidies amounting to CNY 5,961,375.84, which contributed to the non-recurring gains[7] Research and Development - Research and development expenses for Q1 2022 totaled ¥15,699,404.80, an increase from ¥13,012,335.00 in Q1 2021[23] Other Financial Metrics - The return on equity (ROE) increased by 1.03 percentage points to 1.67%[6] - The gross profit margin increased by 46.2%, primarily due to stable production from the lithium hexafluorophosphate project[15] - The company did not apply the new accounting standards starting from 2022[28]

Financial Performance - The company's operating revenue for 2021 was CNY 1,375,705,908.24, representing a 39.51% increase compared to CNY 986,094,240.62 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 28,782,173.97, a slight increase of 2.33% from CNY 28,127,398.74 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 69.17% to CNY 7,506,799.57 from CNY 24,347,317.38 in 2020[20]. - The net cash flow from operating activities improved by 28.84%, reaching CNY -208,629,815.23 compared to CNY -293,176,528.32 in 2020[20]. - The total assets as of the end of 2021 were CNY 2,726,540,990.09, a decrease of 0.78% from CNY 2,748,022,590.96 at the end of 2020[20]. - The net assets attributable to shareholders increased by 7.05% to CNY 1,788,954,640.62 from CNY 1,671,196,451.05 in 2020[20]. - The company achieved operating revenue of RMB 1,375.71 million in 2021, representing a 39.51% increase compared to the previous year[33]. - Operating costs increased by 45.74% year-on-year, totaling RMB 1,222.41 million[33]. - The basic earnings per share remained unchanged at RMB 0.18, while the diluted earnings per share also stayed at RMB 0.18[21]. - The weighted average return on equity decreased to 1.71%, down 0.09 percentage points from the previous year[21]. Shareholder Actions - The company repurchased shares amounting to CNY 32,004,100, which accounted for 111.19% of the net profit attributable to shareholders for 2021[5]. - The company plans not to distribute cash dividends or increase capital reserves through stock transfers for the 2021 fiscal year[5]. - The company repurchased 1.88 million shares, accounting for 1.14% of total share capital, with a total expenditure of CNY 35.00 million[43]. - The company did not propose a cash dividend for 2021, nor did it plan to increase capital using reserves, focusing instead on using retained earnings for operational liquidity[158]. - The company’s profit distribution policy is subject to review and approval by the board and shareholders, ensuring independent directors and minority shareholders have a voice in the process[155]. Research and Development - Research and development expenses amounted to CNY 57.34 million, a year-on-year increase of 25.46%, driven by rising raw material prices and increased investment in R&D[35]. - The total R&D investment accounted for 4.17% of operating revenue, reflecting the company's commitment to innovation[82]. - The company has 118 R&D personnel, making up 20.14% of the total workforce, indicating a strong focus on research and development[83]. - The company has developed four new types of hard alloy element additives, significantly improving the mechanical properties of aluminum materials[42]. - The company is committed to increasing R&D investment and accelerating the transformation of technological achievements, focusing on new material pilot production lines[107]. Market and Production Capacity - The company produced 48,536.46 tons of aluminum grain refining agent, with sales increasing by 13.53% year-on-year[30]. - The company has an annual production capacity of 60,000 tons for aluminum grain refiners and 30,000 tons for aluminum alloys[52]. - The company completed the construction of a production line for aluminum intermediate alloy with an annual capacity of 30,000 tons, which was launched in October 2021[38]. - The company is currently constructing a lithium hexafluorophosphate production line with an annual capacity of 15,000 tons, driven by the growing demand in the new energy vehicle sector[110]. - The company plans to advance the production of lithium hexafluorophosphate with a target of 3,000 tons in phase two, 5,000 tons in phase three, and 6,000 tons in phase four, enhancing overall competitiveness and profitability[105]. Risk Management - The company has disclosed potential risks in its annual report, urging investors to pay attention to these risks[8]. - The company faces liquidity risks due to significant investments in expansion and optimization projects, which may pressure daily operational funds[109]. - There is a risk that new product development may not align well with market demand, potentially impacting profit levels[109]. - The company has not achieved the expected operational status for its fundraising project related to energy-saving new materials and titanium-based products, primarily due to slow market promotion[111]. Corporate Governance - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations[113]. - The company held three shareholder meetings during the reporting period, ensuring equal treatment of all shareholders[114]. - The company has implemented a robust internal control system to ensure effective execution of governance and operational processes[116]. - The company has established specialized committees within the board to oversee audit, nomination, and compensation matters[136]. - The company is committed to transparency and has revised its information disclosure management system[136]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, with all emissions meeting regulatory standards during the reporting period[170]. - The company has established a water treatment center with a daily processing capacity of 4,000 tons, ensuring wastewater discharge meets standards through online monitoring[172]. - The company has implemented an energy management system (ISO5001) to control production energy consumption and reduce carbon emissions through the use of electric forklifts and equipment upgrades[182]. - The company has committed to reducing pollutant emissions through recycling by-products and technological innovation, while also improving equipment efficiency to lower energy consumption[181]. - The company emphasizes environmental protection by reducing pollutant emissions and strictly adhering to national laws and regulations[184]. Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[124]. - A strategic acquisition of a local competitor is expected to be finalized by Q3 2022, which will enhance production capacity by 40%[124]. - The company has initiated a new technology partnership aimed at improving supply chain efficiency, projected to reduce costs by 15%[124]. - The company is exploring additional revenue streams through e-commerce platforms, aiming for a 5% contribution to total revenue by the end of the next fiscal year[124]. - The company will enhance lean and intensive management practices to improve production efficiency and resource utilization[103].

证券代码：603978 证券简称：深圳新星 公告编号：2021-071 债券代码：113600 债券简称：新星转债 深圳市新星轻合金材料股份有限公司 关于参加 2021 深圳辖区"沟通传递价值，交流创造良好生态" 上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，深圳市新星轻合金材料股份有限公 司（以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"沟通传递价值，交流创造良好生态"—2021 深圳辖区上市公司投资 者网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2021 年 11 月 30 日 14:00 至 17:00。 届时公司的董事、副总经理、董事会秘书周志先生将通过网络文字交流形 ...

证券代码：603978 证券简称：深圳新星 公告编号：2021-066 债券代码：113600 债券简称：新星转债 深圳市新星轻合金材料股份有限公司 关于接待机构投资者调研的公告 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。 一、调研情况 调研时间：2021 年 11 月 1 日 调研形式：现场接待 调研机构：博时基金管理有限公司、方圆基金、银华基金、招商证券、长信基金 接待人：董事、副总经理、董事会秘书周志 二、调研主要内容 1、公司主营业务情况介绍 答：公司主要从事铝晶粒细化剂的研发、生产和销售。铝晶粒细化剂作为重 要添加剂，广泛应用于航空航天、轨道交通、军工、航海、建筑、机械制造、化 学工业等各种领域用的铝材制造加工。受疫情影响，海外铝材需求下降，行业竞 争加剧，国内铝晶粒细化剂生产商纷纷打价格战，公司采取销售降价策略，降低 中低端产品的销售价格，导致这两年产品毛利率下降较严重，预计该价格战到今 年年底结束。 2、目前六氟磷酸锂项目的建设情况？ 答：六氟磷酸锂主要用于新能源电池电解液的生产制造，项目建设在全资子 ...

Financial Performance - The company's operating revenue for Q3 2021 was CNY 371,085,195.64, representing a year-on-year increase of 25.06%[5] - The net profit attributable to shareholders for Q3 2021 was a loss of CNY 757,075.54, a decrease of 111.34% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 1,763,861.02, down 140.19% year-on-year[6] - The basic earnings per share for Q3 2021 was -0.005 yuan, a decrease of 111.83% compared to the same period last year[6] - The total operating profit for Q3 2021 was CNY 33,156,196.70, an increase from CNY 28,782,004.92 in Q3 2020, representing a growth of approximately 15.5%[26] - The net profit for Q3 2021 reached CNY 30,691,180.55, compared to CNY 28,288,865.19 in the same period last year, marking an increase of about 8.5%[27] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.19, up from CNY 0.18 in Q3 2020, indicating a growth of 5.6%[27] Revenue and Costs - The year-to-date operating revenue reached CNY 1,013,143,139.28, an increase of 40.24% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,013,143,139.28, a significant increase from ¥722,441,095.89 in the same period of 2020, representing an increase of approximately 40.3%[25] - Total operating costs for the first three quarters of 2021 were ¥1,003,565,001.21, compared to ¥703,850,473.45 in 2020, reflecting an increase of about 42.6%[25] - The company reported a total revenue from sales of goods and services of CNY 795,419,686.16 for the first nine months of 2021, compared to CNY 435,404,775.30 in the same period of 2020, indicating a growth of approximately 82.8%[28] Cash Flow - The cash flow from operating activities for the year-to-date was -CNY 133,397,156.81, an increase of 31.07% year-on-year[6] - Cash inflow from operating activities for the first nine months of 2021 was CNY 809,245,252.96, significantly higher than CNY 488,673,165.27 in the same period of 2020, reflecting a growth of approximately 65.6%[28] - The net cash flow from operating activities for the first nine months of 2021 was negative CNY 133,397,156.81, an improvement from negative CNY 193,524,795.48 in the same period last year[28] - Cash inflow from financing activities in Q3 2021 was CNY 221,809,322.23, a decrease from CNY 995,539,500.00 in Q3 2020[29] - The net cash flow from financing activities for the first nine months of 2021 was negative CNY 161,806,746.78, compared to a positive CNY 801,371,671.85 in the same period last year[29] - The total cash and cash equivalents at the end of Q3 2021 were CNY 246,778,695.97, down from CNY 684,172,995.35 at the end of Q3 2020[29] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,549,487,215.70, a decrease of 7.22% from the end of the previous year[6] - The total assets as of the end of the third quarter of 2021 amounted to ¥2,549,487,215.70, a decrease from ¥2,748,022,590.96 at the end of 2020[22] - Total liabilities decreased to ¥879,479,518.61 in the third quarter of 2021 from ¥1,076,826,139.91 in the previous year, showing a reduction of approximately 18.3%[22] - The company's equity attributable to shareholders was reported at ¥1,670,007,697.09, slightly down from ¥1,671,196,451.05 in the previous year[22] - Short-term borrowings decreased significantly to ¥140,118,333.33 from ¥240,198,888.90, a reduction of about 41.7%[22] Research and Development - The company reported a decrease in gross margin for alloy products, attributed to rising financial and R&D expenses[10] - The company has increased R&D expenses due to ongoing new product development and the establishment of new pilot and demonstration production lines[17] - Research and development expenses increased to ¥41,022,977.66 in the first three quarters of 2021, up from ¥32,997,023.57 in 2020, indicating a growth of approximately 24.4%[25] - The company completed the construction and commissioning of the aluminum-manganese alloy production line with an annual capacity of 30,000 tons, which has already been launched into the market[15] - The automotive aluminum brazing flux, developed by the company, has a demonstration production line with a capacity of 500 tons per year, and the product has completed customer trials[15] - The lithium hexafluorophosphate production line has been adjusted to a capacity of 800 tons per year, with all debugging completed and production materials in place[16] Market and Competition - The company is facing increased competition in the mid-to-low-end product market, leading to reduced gross margins[17] - The company has a conservative estimate of annual demand for aluminum-manganese alloy products at no less than 350,000 tons[15] - The company's net profit experienced significant fluctuations due to rising aluminum ingot prices, decreased overseas demand, and increased R&D and convertible bond financial expenses[16] Shareholder Actions - The company repurchased 1.8849 million shares, accounting for 1.18% of the total share capital, with a total expenditure of approximately RMB 35.003 million[18] Liquidity Position - As of September 30, 2021, the company's cash and cash equivalents were RMB 248.83 million, a decrease from RMB 603.01 million at the end of 2020[20] - Accounts receivable increased to RMB 405.42 million from RMB 318.66 million at the end of 2020[20] - The company’s cash and cash equivalents were not explicitly detailed, but the overall liquidity position appears to have improved given the reduction in short-term borrowings[22] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[25]

Financial Performance - Revenue for the first half of 2021 reached approximately RMB 642.06 million, representing a year-on-year increase of 50.82%[21] - Net profit attributable to shareholders for the same period was approximately RMB 31.45 million, up 45.51% compared to the previous year[21] - Basic earnings per share increased to RMB 0.20, reflecting a growth of 42.86% year-on-year[20] - The company reported a non-recurring profit of approximately ¥19.49 million, after accounting for a tax impact of ¥4.74 million[23] - The net profit for the period was 3,144.83 million RMB, up 45.51% year-on-year, while the net profit excluding non-recurring gains and losses decreased by 12.85%[43] - The company achieved aluminum grain refining agent sales of 24,190.43 tons in the first half of 2021, a year-on-year increase of 28.50%[43] - The company reported a total revenue of 3,893,660 RMB for the first half of 2021, with a net loss of 49,300 RMB[130] - The comprehensive income for the period amounted to 21,612,329.33 RMB, indicating a significant contribution to the overall financial performance[176] - The company reported a significant increase in sales revenue from services, totaling RMB 474,344,196.04, up from RMB 347,038,925.31 in the first half of 2020[165] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 83.05%, amounting to approximately RMB -104.60 million, primarily due to increased raw material costs and taxes[21] - Cash and cash equivalents decreased by 69.88% to ¥181.60 million, primarily due to repayment of short-term loans and a decline in operating cash flow[51] - The company faces liquidity risks due to substantial investments in projects aimed at expanding production capacity and optimizing product structure[63] - The company reported a significant increase in other receivables, which rose to CNY 46,851,107.64 from CNY 624,543.61[149] - The company plans to ensure timely payment of interest and principal for its convertible bonds through cash flows generated from operating activities[145] - The net cash flow from financing activities was negative at ¥177,957,377.73, contrasting with a positive inflow of ¥85,809,058.64 in the same period last year[169] Production Capacity and Market Position - The company currently has an annual production capacity of 30,000 tons for aluminum grain refining agents at its Shenzhen facility, primarily serving the South China region[30] - The company has established an annual production capacity of 90,000 tons for aluminum grain refining agents, enhancing its market position[41] - The company is positioned as a leading manufacturer of aluminum grain refining agents, providing stable products to major domestic aluminum processing enterprises[30] - The company has developed a leading position in aluminum grain refiners, with its technology reaching international standards, supported by 249 domestic and international patents[38] - The company is actively developing new production lines for aluminum alloy processing additives, enhancing its product offerings[30] Research and Development - Research and development expenses for the first half of 2021 amounted to 26,864,710.51 RMB, an increase of 33.71% compared to the previous year[49] - The company developed four new types of hard alloy element additives, significantly improving the mechanical properties of aluminum materials[45] - The company focuses on technological innovation, developing new materials such as electronic fluorinated chemicals and high-end aluminum intermediates to create new profit growth points[37] Environmental and Safety Compliance - The company is classified as a key pollutant discharge unit in Shenzhen, with all waste gas emissions meeting standards during the reporting period[76] - The subsidiary Songyan Metallurgy has a wastewater treatment capacity of 4,000 tons per day, with all wastewater and waste gas emissions also meeting standards[77] - The company has implemented a comprehensive environmental emergency response plan, which has been filed with the local environmental authority[79] - The company has achieved zero administrative penalties for environmental issues during the reporting period[81] Shareholder and Equity Information - The company has committed to a share lock-up period, where shareholders cannot transfer more than 25% of their shares annually after the lock-up expires[90] - The company’s major shareholders, including the actual controller, have pledged to hold their shares for at least two years after the lock-up period, with a minimum selling price not lower than the issuance price[91] - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[70] - The company’s commitments are designed to maintain investor confidence and ensure transparency in its operations[89] Industry Trends and Competition - The aluminum grain refining agent market is expected to reach a consumption volume of over 187,000 tons by 2024, driven by the growth in aluminum production in China[25] - The industry is experiencing intense competition, leading to a significant decline in gross margins for aluminum grain refining agents, with weaker players expected to exit the market[27] - The market for high-performance aluminum products is expanding, particularly in sectors such as aerospace, military, and high-pressure aluminum cables[26] Strategic Focus and Future Plans - The company plans to focus on expanding its product sales and managing raw material costs in the future[21] - The company is focused on accelerating new product development and exploring new application areas for existing products to maintain market share[62] - The company plans to maintain its strategic focus on market expansion and new product development in the upcoming quarters[132]

2021 年第一季度报告 公司代码：603978 公司简称：深圳新星 债券代码：113600 债券简称：新星转债 转股代码：191600 转股简称：新星转股 1 / 21 深圳市新星轻合金材料股份有限公司 2021 年第一季度报告 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末 | | | --- | --- | --- | --- | --- | | | | | 增减(%) | | | 总资产 | 2,534,400,585.03 | 2,748,022,590.96 | | -7.77 | | 归属于上市公司 | 1,682,076,461.45 | 1,671,196,451.05 | | 0.65 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经 ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥986.09 million, a decrease of 4.63% compared to ¥1,033.94 million in 2019[23]. - Net profit attributable to shareholders was ¥28.13 million, down 70.16% from ¥94.27 million in the previous year[23]. - Basic earnings per share decreased by 69.49% to ¥0.18 from ¥0.59 in 2019[25]. - The company's total assets increased by 29.37% to ¥2.75 billion from ¥2.12 billion in 2019[23]. - The net cash flow from operating activities showed a significant decline, reaching -¥293.18 million compared to -¥65.44 million in 2019, a decrease of 348.01%[23]. - The weighted average return on equity dropped to 1.80%, down 4.66 percentage points from 6.46% in 2019[25]. - The company reported a total revenue of 98,609.42 million yuan in 2020, a decrease of 4.63% compared to the previous year[47]. - The net profit for 2020 was 2,812.74 million yuan, representing a significant decline of 70.16% year-on-year[47]. - The company’s gross profit margin decreased by 5.93% in 2020, directly impacting gross profit by approximately 5,843.87 million yuan[49]. Shareholder Actions - The company repurchased shares amounting to RMB 2.999 million, accounting for 10.66% of the net profit attributable to shareholders for the year 2020[5]. - The company plans not to distribute cash dividends or increase capital reserves through stock transfers for the year 2020[5]. - The company plans to use retained earnings from 2020 to support daily operational liquidity and new product development[109]. - The company intends to continue repurchasing shares using its own funds, with a total amount not less than 35 million RMB and not exceeding 70 million RMB[109]. - The company maintains a strong market position, supplying major domestic aluminum manufacturers, including Ming Tai Aluminum and Chang Aluminum[43]. Risk Management - The company has detailed potential risks in the annual report, particularly in the section discussing future development risks[9]. - The company faced challenges due to the COVID-19 pandemic, which led to approximately three months of ineffective production and increased competition in the domestic aluminum market[25]. - The company acknowledges risks related to new product fields and the potential mismatch with market demand, which could impact profit levels[96]. - The company expects the price war in the industry to continue into 2021, which may adversely affect future performance[46]. Operational Insights - The company operates several wholly-owned subsidiaries, including Sunyan Metallurgy and Huizhou Sunxing, enhancing its market presence[13]. - The company has an annual production capacity of 30,000 tons of aluminum grain refining agents at its Shenzhen facility and 60,000 tons at its Luoyang facility, serving various regions in China[33]. - The company has developed a complete industrial chain from raw material mining to aluminum grain refining agent production, enhancing stability in raw material supply and cost control[41]. - The company’s production model is based on "sales-driven production" and "safety stock," ensuring timely supply and efficient production planning[36]. Research and Development - The company invested CNY 45,703,033.19 in R&D in 2020, with a total of 249 domestic and international invention patents held by the end of the reporting period[56]. - The company is recognized as a national high-tech enterprise and has established several research and development platforms, including a national local joint engineering laboratory and a post-doctoral innovation practice base[40]. - The company aims to strengthen its market share of high-end aluminum grain refiners, which currently have a leading technology and product quality advantage[91]. - The company plans to implement and industrialize projects funded by convertible bonds, including aluminum intermediate alloys and granular refining agents, to contribute to profit growth[91]. Corporate Governance - The company received a standard unqualified audit report from Tianzhi International Accounting Firm[4]. - The company has established a dedicated safety and environmental protection department to minimize environmental risks[156]. - The company has committed to extending the lock-up period for its publicly issued shares for an additional year, until August 6, 2021, to promote market stability[133]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations[200]. Market Position and Strategy - The company is actively expanding its product offerings, focusing on electronic fluorochemical materials and high-end aluminum intermediate alloys to create new profit growth points[39]. - The company anticipates that the demand for aluminum grain refining agents will reach 187,000 tons by 2024, driven by the growth in downstream applications[51]. - The company has successfully entered the international aerospace market, aligning with the "Belt and Road" initiative, which is expected to drive future growth in aluminum production[77]. - The company is exploring potential mergers and acquisitions to enhance its market position[185]. Employee and Management - The company employed a total of 525 staff, with 169 in the parent company and 356 in major subsidiaries[194]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to RMB 4.2825 million before tax[191]. - The company conducts annual training programs to enhance employee skills and knowledge[197]. - The company aims to attract and retain talent through a fair and reasonable internal compensation and incentive system[195].

2020 年第三季度报告 公司代码：603978 公司简称：深圳新星 债券代码：113600 债券简称：新星转债 深圳市新星轻合金材料股份有限公司 2020 年第三季度报告 1 / 22 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 10 | 2.1 主要财务数据 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 2,772,194,183.71 2,124,102,040.36 30.51 归属于上市公司股 东的净资产 1,675,831,816.62 1,505,576,438.01 11.31 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现 金流量净额 -193,524,795.48 4,862,680.84 -4,079.80 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 722,441,095.89 777,246,805.38 -7.05 归 ...

Group 1: Company Strategy and Development - The company's overall strategy focuses on innovative product development, with a completed layout in 2020 aimed at expanding market share for aluminum grain refiners and producing potassium fluoroaluminate as a raw material for high-purity silicon-free hydrofluoric acid [2] - The company aims to establish an "industrial supermarket" for aluminum processing, leveraging existing resources and advantages to promote a series of products, forming a dual main business of "high-end fine chemicals + aluminum alloy products" [2] Group 2: Financial Performance - In the first half of 2020, the company experienced a decline in both revenue and net profit due to the COVID-19 pandemic, with aluminum grain refiner sales of 18,800 tons, a year-on-year decrease of 13.2% [3] - The company reported a revenue of CNY 425.71 million, a decrease of 18.42% compared to the same period last year, and a net profit of CNY 21.61 million, down 62.64% year-on-year [3] Group 3: Production Capacity and Utilization - The current annual production capacity for aluminum grain refiners is 90,000 tons, with an actual utilization of approximately 60,000 tons; 30,000 tons of capacity is being shifted to other aluminum alloy products [5] - The overall capacity layout has been completed, and the industrialization of these products is expected to improve capacity utilization and increase revenue [5] Group 4: Project Developments - The company has developed a new technology to produce high-purity silicon-free hydrofluoric acid using potassium tetrafluoroaluminate as a raw material, with a pilot production line currently in operation [6] - The Bell conductor and high-end aluminum cable rod projects are undergoing downstream validation, with products aimed at various applications including communication stations and electric vehicle charging piles [7]