2021 年第一季度报告 公司代码：605158 公司简称：华达新材 浙江华达新型材料股份有限公司 2021 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 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 | | 本报告期末 | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | | | | | 末增减(%) | | | 总资产 | 2,892,109,077.43 | 2,572,983,379.64 | | 12.40 | | 归属于上市公司股东的 | 2,013,244,372.38 | 1,965,179,327.05 | | 2.45 | | 净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期 | 比上年同期增减(%) | | | | | 末 | | | | 经营活动产生的现金流 | -169,023,381.98 | -252,624,934.98 ...

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of RMB 275,212,693.01, an increase of 43.87% compared to RMB 191,291,765.00 in 2019[5]. - The company's operating revenue for 2020 was RMB 6,100,999,980.93, reflecting an 11.26% increase from RMB 5,483,573,873.31 in 2019[22]. - The net cash flow from operating activities reached RMB 381,335,333.15, a significant increase of 122.84% compared to RMB 171,125,745.35 in the previous year[22]. - The total assets of the company at the end of 2020 were RMB 2,572,983,379.64, representing a 47.80% increase from RMB 1,740,835,410.84 in 2019[23]. - The company's net assets attributable to shareholders increased by 109.07% to RMB 1,965,179,327.05 from RMB 939,967,200.06 in 2019[22]. - Basic earnings per share for 2020 were RMB 0.8191, up 26.33% from RMB 0.6484 in 2019[24]. - The company reported a weighted average return on equity of 19.80% for 2020, a decrease of 2.86 percentage points from 22.66% in 2019[24]. - The increase in net profit was primarily attributed to higher sales volume and improved profit quality[24]. Sales and Production - In 2020, the company achieved a total sales volume of 1.3952 million tons, with a revenue of 6.101 billion RMB, representing a year-on-year growth of 11.26%[35]. - The production volume for hot-dip galvanized aluminum products was 1.3924 million tons, and for color-coated sheets, it was 748,600 tons, showing a year-on-year increase of 10.7% and 54.56% respectively[35]. - The company sold a total of 1.3952 million tons of products in 2020, with hot-dip galvanized aluminum plate sales at 665,600 tons and color-coated plate sales at 729,600 tons[50]. Market Expansion and Recognition - The company has actively expanded its market presence in over 40 countries and regions, including Southeast Asia, South Asia, and Eastern Europe[34]. - The company has been recognized as a leading enterprise in foreign trade exports in Hangzhou, maintaining its position as the top exporter in Fuyang District[35]. - The company has participated in the formulation of 6 national and industry standards related to color-coated steel sheets, enhancing its industry influence[35]. Research and Development - The company has a strong R&D capability, holding 21 valid patents, including 7 invention patents, and is actively involved in the formulation of national and industry standards[52]. - The company emphasizes the importance of R&D, focusing on product performance, quality, and production efficiency to meet higher industry standards[95]. - The company has implemented a sales model based on daily market prices and customer demand, ensuring timely production and delivery[36]. Environmental Compliance - The company has completed the construction of a project with an annual production capacity of 630,000 tons of multifunctional colored coated plates, which passed environmental acceptance in October 2020[151]. - The company has obtained pollution discharge permits from the Hangzhou Ecological Environment Bureau, valid for three years[151]. - The company reported total emissions of chemical oxygen demand at 19.45 tons, ammonia nitrogen at 0.65 tons, sulfur dioxide at 3.353 tons, and nitrogen oxides at 48.352 tons, all below the permitted limits[149]. - The company has a 100% operational rate for all environmental protection facilities[150]. Corporate Governance and Shareholder Commitments - The controlling shareholder, Huada Group, committed to not transferring or entrusting the management of shares for 36 months post-listing[108]. - The actual controllers, Shao Mingxiang and Shao Shenglong, also committed to a 36-month lock-up period for their shares post-listing[110]. - The company has established a commitment to adhere to the regulations set by the China Securities Regulatory Commission regarding shareholding reductions[109]. - The company will not engage in any competitive business activities or hold interests in entities that compete with its operations[120]. Financial Audit and Reporting - The company has appointed Tianjian Accounting Firm (Special General Partnership) as the financial audit institution for the year 2020, with an audit fee of RMB 500,000[135]. - The audit report indicated that the financial statements fairly represent the company's financial position and results of operations[196]. - The company has not disclosed any significant deficiencies in internal control during the reporting period[192]. Employee and Management Structure - The total number of employees in the parent company is 846, with a combined total of 920 employees including major subsidiaries[183]. - The company employs a performance-based salary distribution system that combines performance assessment and position evaluation[184]. - The company’s senior management compensation is based on company performance, industry nature, and individual contributions[181].

Financial Performance - In 2020, the company achieved a net profit attributable to shareholders of RMB 275,212,693.01, an increase of 43.87% compared to 2019[5]. - The company's operating revenue for 2020 was RMB 6,100,999,980.93, reflecting an 11.26% growth from RMB 5,483,573,873.31 in 2019[22]. - The net cash flow from operating activities increased by 122.84% to RMB 381,335,333.15 in 2020, up from RMB 171,125,745.35 in 2019[22]. - The total assets of the company reached RMB 2,572,983,379.64 at the end of 2020, a 47.80% increase from RMB 1,740,835,410.84 in 2019[23]. - The company's net assets attributable to shareholders increased by 109.07% to RMB 1,965,179,327.05 at the end of 2020, compared to RMB 939,967,200.06 in 2019[22]. - Basic earnings per share for 2020 were RMB 0.8191, representing a 26.33% increase from RMB 0.6484 in 2019[24]. - The net profit attributable to shareholders for Q4 2020 was 72,699,097.91 RMB, while the total net profit for the year was 275,213,692.10 RMB[26]. - The net profit after deducting non-recurring gains and losses was CNY 259.26 million, up 59.24% year-on-year[55]. Market and Sales Performance - In 2020, the company achieved a total sales volume of 1.3952 million tons, with a revenue of 6.101 billion RMB, representing a year-on-year growth of 11.26%[35]. - The production volume for hot-dip galvanized aluminum products was 1.3924 million tons, and for color-coated sheets was 748,600 tons, showing increases of 10.7% and 54.56% respectively[35]. - The company maintained its position as the top foreign trade exporter in Fuyang District, Hangzhou, with foreign exchange earnings of 24.6 million USD in 2020[35]. - The company has a robust customer base, with products sold to over 40 countries and regions, primarily in East Asia and Southeast Asia[34]. - The revenue from foreign markets was ¥1,681,374,252.19, with a gross margin of 11.04%, reflecting a year-on-year increase of 6.87%[58]. Production and Operations - The company has established a complete industrial chain for cold-rolled, hot-dip, and color-coated products, ensuring timely supply and high quality[32]. - The company has implemented a performance management system to improve production efficiency and product quality while controlling production costs[45]. - The company has established a procurement model combining fixed and temporary purchasing, allowing flexibility in adjusting procurement quantities based on market conditions[45]. - The company has completed the construction of a project with an annual production capacity of 630,000 tons of multifunctional colored coated plates, which passed environmental acceptance in October 2020[151]. - The company has established a comprehensive internal control system to ensure effective governance and operational transparency[188]. Research and Development - The company holds 21 valid patents, including 7 invention patents, showcasing its strong R&D capabilities[52]. - Total R&D expenses were ¥203,113,970.07, accounting for 3.33% of total revenue, with 113 R&D personnel representing 12.3% of the total workforce[64]. - The company completed 11 self-initiated R&D projects, resulting in 6 new technologies and 5 new products, with 4 included in the provincial new product trial plan[65]. - The company emphasizes innovation, having invested in advanced R&D equipment and successfully launched new products to meet customized customer needs[51]. Environmental Compliance - The company has a 100% operational rate for all environmental protection facilities, ensuring compliance with environmental standards[150]. - The company has established a comprehensive environmental emergency response plan and conducts regular training and drills for employees[152]. - The total emissions for chemical oxygen demand were 19.45 tons, significantly below the permitted annual discharge of 52.512 tons[149]. - The company has obtained pollution discharge permits from the Hangzhou Ecological Environment Bureau, valid for three years[151]. Shareholder and Corporate Governance - The company completed its initial public offering (IPO) on August 5, 2020, raising a total of RMB 84,132.00 million, with a net amount of RMB 74,999.94 million after deducting issuance costs[157]. - The company has established a commitment to adhere to the regulations set by the China Securities Regulatory Commission regarding shareholding reductions[109]. - The profit distribution policy states that the cash dividend ratio will not be less than 10% of the distributable profits for the first three years post-IPO, with a minimum of 20% for cash dividends in combined distributions[129]. - The company has engaged in bank wealth management with a total amount of RMB 141,300, of which RMB 65,000 is from idle raised funds and RMB 76,300 is from self-owned funds[142]. - The company has not reported any major related party transactions or significant contracts that require disclosure[139]. Risks and Challenges - The company faces risks from raw material price fluctuations, with procurement costs constituting around 90% of total expenses, potentially impacting gross margins[99]. - The company’s export sales account for approximately 20%-30% of total revenue, exposing it to international trade friction risks[100]. - The company recognizes the need for continuous product development to maintain market competitiveness amid rapid technological advancements[100]. Employee and Management Structure - The total number of employees in the parent company is 846, with a combined total of 920 employees including major subsidiaries[183]. - The company has a performance-based salary distribution system that combines performance assessment and position evaluation[184]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 8.2683 million yuan[181]. - The company plans to implement a training program in 2021 focusing on onboarding, management system discussions, and professional skills training[185].

Financial Performance - Operating income for the first nine months reached CNY 4,397,246,812.66, a 9.51% increase from the same period last year[6]. - Net profit attributable to shareholders increased by 43.99% to CNY 202,513,595.10 compared to the previous year[6]. - Basic and diluted earnings per share improved by 33.33% to CNY 0.64[7]. - Net profit rose by 43.99% to CNY 202,513,595.10 from CNY 140,642,495.85, driven by increased sales revenue and improved gross margin[13]. - Total operating revenue for Q3 2020 reached ¥1,666,228,448.55, an increase of 15.4% compared to ¥1,444,424,534.84 in Q3 2019[23]. - Net profit for the first three quarters of 2020 was ¥4,397,246,812.66, compared to ¥4,015,462,097.66 in the same period of 2019, indicating a year-on-year increase of 9.5%[23]. - The net profit attributable to shareholders for Q3 2020 was ¥98,708,671.31, compared to ¥32,425,702.87 in Q3 2019, indicating a significant increase of about 205%[27]. - The total profit for Q3 2020 was ¥114,370,597.84, up from ¥38,983,202.14 in Q3 2019, reflecting an increase of approximately 194%[26]. Assets and Liabilities - Total assets increased by 52.98% to CNY 2,663,083,026.43 compared to the end of the previous year[6]. - The company's total assets as of September 30, 2020, amounted to ¥2,660,701,268.67, compared to ¥1,739,058,016.11 at the end of 2019, representing a growth of 53.0%[20]. - The total liabilities decreased to ¥771,169,318.06 from ¥800,805,316.04, a reduction of 3.9%[21]. - Total current assets amounted to approximately 1.28 billion, with cash and cash equivalents at 347.55 million and accounts receivable at 101.33 million[43]. - Total non-current assets reached approximately 458.02 million, including fixed assets valued at 375.20 million and intangible assets at 55.42 million[44]. - Total liabilities were approximately 800.81 million, with current liabilities at 789.80 million, including short-term borrowings of 420.16 million[45]. Cash Flow - Net cash flow from operating activities for the first nine months was CNY 123,991,492.28, up 63.42% year-on-year[6]. - Operating cash flow increased by 63.42% to CNY 123,991,492.28 from CNY 75,873,807.77, primarily due to increased bill settlements[13]. - The net cash flow from operating activities for the first nine months of 2020 was CNY 123,991,492.28, up from CNY 75,873,807.77 in the same period last year, reflecting a growth of approximately 63%[33]. - The company's net cash flow from financing activities was CNY 422,677,839.10, a significant improvement from a net outflow of CNY 24,464,183.40 in the same period last year[36]. Shareholder Information - The total number of shareholders reached 38,338 by the end of the reporting period[9]. - The largest shareholder, Zhejiang Huada Group, holds 57.65% of the shares[9]. - The company's equity attributable to shareholders reached ¥1,889,531,950.61, up from ¥938,252,700.07, indicating a growth of 101.5%[21]. - The company’s total equity as of Q3 2020 was CNY 939,967,200.06, reflecting stability in shareholder equity compared to the previous year[41]. Expenses and Costs - Total operating costs for Q3 2020 were ¥1,558,172,028.31, up from ¥1,412,654,211.30 in Q3 2019, reflecting a growth of 10.3%[23]. - Financial expenses increased by 34.68% to CNY 12,567,828.89 from CNY 9,331,541.99, mainly due to reduced exchange gains from currency fluctuations[12]. - The financial expenses for Q3 2020 were ¥3,165,770.56, compared to ¥2,359,934.58 in Q3 2019, indicating an increase of approximately 34%[29]. - The income tax expense for Q3 2020 was ¥15,661,926.53, compared to ¥6,557,499.27 in Q3 2019, reflecting an increase of about 139%[26]. Other Financial Metrics - Government subsidies recognized in the first nine months amounted to CNY 9,554,662.08[8]. - Other income rose by 59.29% to CNY 9,554,662.08 from CNY 5,998,210.35, primarily due to increased government subsidies[13]. - Research and development expenses for Q3 2020 were ¥53,721,051.02, compared to ¥44,483,176.01 in Q3 2019, marking a 20.5% increase[23]. - The company incurred a credit impairment loss of CNY 1,684,752.45 in Q3 2020, a decrease from CNY 2,473,859.46 in Q3 2019, indicating an improvement in credit quality[30].