Dividend Distribution - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares, totaling approximately 15,932,514.00 RMB, which represents about 11.01% of the distributable profit for the year[7]. - The proposed dividend distribution is subject to approval at the 2020 annual general meeting[8]. - The company does not plan to increase capital reserves or issue bonus shares[7]. Financial Performance - The company achieved operating revenue of CNY 422.38 million in 2020, a year-on-year increase of 47.99%[36]. - Net profit attributable to shareholders reached CNY 153.99 million, up 133.86% compared to the previous year[37]. - The net profit after deducting non-recurring gains and losses was CNY 58.85 million, reflecting a growth of 36.76% year-on-year[37]. - The net cash flow from operating activities was CNY 113.17 million, an increase of 33.65% from the previous year[37]. - The company's total assets grew by 29.88% year-on-year, reaching CNY 1.29 billion by the end of 2020[36]. - The weighted average return on equity increased to 15.94%, up 4.54 percentage points from the previous year[36]. - Basic and diluted earnings per share both doubled to CNY 2.90, a 100% increase year-on-year[36]. Research and Development - Research and development expenses accounted for 21.05% of operating revenue, an increase of 0.89 percentage points compared to 2019[36]. - The number of R&D personnel increased by 60.8% year-on-year, reflecting the company's commitment to enhancing product development and supply capabilities[107]. - The company has obtained 10 authorized invention patents during the reporting period, bringing the total to 205 patents as of December 31, 2020[101]. - The company is focusing on the development of advanced process technology and products in the photoresist removal agent sector, achieving breakthroughs for 28nm technology node products[101]. - The company has successfully launched semi-aqueous photoresist removers for 130-40nm technology nodes, expanding applications in memory chip manufacturing[116]. Market Expansion and Strategy - The company is expanding its market presence in Europe, targeting a 10% market share by the end of the next fiscal year[25]. - A strategic acquisition of a smaller tech firm was completed, valued at $50 million, aimed at enhancing R&D capabilities[26]. - The company plans to continue expanding its market presence and investing in R&D for new product development[46]. - The company aims to become a world-class high-end semiconductor materials supplier by expanding its semiconductor materials supply chain through self-built or acquired operations[159]. Operational Risks and Management - The company has outlined various operational risks and corresponding mitigation measures in the report[5]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[9]. - The company faces risks from rising raw material prices due to environmental regulations and geopolitical uncertainties affecting supply stability[170]. - The semiconductor industry’s cyclical changes pose a risk to the company’s performance, influenced by macroeconomic factors and demand fluctuations[172]. Product Development and Innovation - New product launches included a next-generation semiconductor chip, expected to enhance performance by 15% compared to previous models[24]. - The company has successfully developed chemical mechanical polishing (CMP) slurries for 130-14nm logic chip processes and storage chip processes, with ongoing research for 10-7nm technology node products[47]. - The company is actively developing CMP products to support the growth of third-generation semiconductors, indicating a focus on future technology advancements[47]. - The company is actively developing new products, including copper chemical mechanical polishing (CMP) solutions for 10nm and below technology nodes, which have reached international advanced levels[110]. Quality Assurance and Certifications - The company has established a comprehensive quality assurance system, certified by ISO9001, ISO14001, and ISO45001, to ensure product quality throughout the entire process[131]. - The company emphasizes the accuracy and completeness of the financial report, with all board members present at the meeting[6]. Customer and Supplier Relationships - The company reported that sales to its top five customers accounted for 84.99% of total sales, indicating a high customer concentration risk[169]. - The top five suppliers accounted for ¥11,488.20 million, which is 53.21% of total annual purchases, with the largest supplier contributing 13.44%[199].

Financial Performance - Net profit attributable to shareholders surged by 145.49% year-on-year, amounting to RMB 113,604,269.65[18] - Operating revenue rose by 50.39% year-on-year, totaling RMB 308,705,517.15[18] - Basic earnings per share increased by 98.15% year-on-year, reaching RMB 2.14[18] - Total operating revenue for Q3 2020 reached ¥116,963,508.03, a 53.5% increase from ¥76,196,956.78 in Q3 2019[57] - Net profit for Q3 2020 was ¥63,801,805.25, compared to ¥17,020,623.51 in Q3 2019, representing a 274.5% increase[60] - Total comprehensive income for Q3 2020 was ¥63,743,037.48, compared to ¥17,063,878.85 in Q3 2019, reflecting a growth of 273.5%[62] - Total operating income for the first three quarters of 2020 was ¥297,052,047.48, a 57.5% increase from ¥188,671,934.46 in the first three quarters of 2019[63] Assets and Liabilities - Total assets increased by 14.04% year-on-year, reaching RMB 1,130,407,329.23[18] - Total liabilities increased to CNY 134,816,711.39, up from CNY 103,629,285.72, indicating a growth of around 30.1%[46] - The company's equity attributable to shareholders reached CNY 995,590,617.84, compared to CNY 887,569,640.68, showing an increase of about 12.2%[48] - The total non-current assets amounted to CNY 198,880,762.16, up from CNY 117,670,931.25, reflecting an increase of approximately 68.9%[48] - Current assets totaled CNY 931,526,567.07, compared to CNY 873,527,995.15, reflecting an increase of about 6.7%[46] - The company reported a significant increase in accounts receivable, which rose to CNY 88,794,438.26 from CNY 43,774,523.56, representing an increase of about 102.5%[48] Cash Flow - The net cash flow from operating activities decreased by 27.33% year-on-year, recorded at RMB 31,517,184.30[18] - Cash received from sales of goods and services increased by 37.48% to ¥272,909,488.84 from ¥198,505,945.27, reflecting higher product sales[32] - Cash inflow from investment activities totaled CNY 877,491,073.71, significantly higher than CNY 472,897,234.05 in the previous year, marking an increase of approximately 86%[74] - Cash outflow from investment activities was CNY 1,060,156,919.94, compared to CNY 919,070,682.36 in 2019, reflecting a rise of about 15%[74] - The ending balance of cash and cash equivalents was CNY 121,510,745.34, down from CNY 161,489,086.91 at the end of the previous year[76] Research and Development - R&D expenditure as a percentage of operating revenue decreased by 1.30 percentage points to 18.80%[18] - Research and development expenses increased by 40.80% to ¥58,046,626.24 from ¥41,226,609.44, due to increased share-based payments and R&D activities[29] - Research and development expenses for Q3 2020 were ¥23,374,005.68, compared to ¥13,996,952.13 in Q3 2019, marking a 67.0% increase[57] - R&D expenses increased to ¥21,176,033.77 in Q3 2020, up from ¥15,070,015.26 in Q3 2019, reflecting a focus on innovation[63] Shareholder Information - The top shareholder, Anji Microelectronics Co., Ltd., holds 42.48% of the shares[24] - The company reported a total of 8,481 shareholders as of the reporting date[24] Government Support - The company received government subsidies totaling RMB 5,193,964.61 for the year-to-date[20] Financial Management - The company approved an investment in a private equity fund to invest in designated strategic projects, ensuring no impact on its main business operations[33] - The company announced the adjustment of the implementation location for a fundraising project, which will not adversely affect its normal operations[36] - The company executed a new revenue recognition standard starting January 1, 2020, impacting the reporting of contract liabilities[82] - The company has implemented new revenue and leasing standards, affecting the presentation of financial data[91]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[2] - The gross profit margin for the period was 45%, showing a slight improvement compared to the previous year[2] - User data indicates a growth in active users by 20% compared to the same period last year, reaching 500,000 active users[2] - The company's revenue for the first half of 2020 reached ¥191,742,009.12, representing a 48.56% increase compared to ¥129,071,181.42 in the same period last year[26] - Net profit attributable to shareholders was ¥49,802,464.40, up 70.23% from ¥29,255,314.47 year-on-year[26] - The net profit after deducting non-recurring gains and losses was ¥48,997,934.19, a significant increase of 203.31% compared to ¥16,154,587.17 in the previous year[26] - Basic earnings per share for the first half of 2020 was ¥0.94, an increase of 28.77% from ¥0.73 in the same period last year[27] - The company's total assets at the end of the reporting period were ¥1,044,778,129.54, reflecting a 5.41% increase from ¥991,198,926.40 at the end of the previous year[26] - The net assets attributable to shareholders increased by 3.62% to ¥919,696,956.42 from ¥887,569,640.68 at the end of the previous year[26] - The net cash flow from operating activities was ¥23,287,039.64, down 16.61% from ¥27,925,912.65 in the same period last year[26] Research and Development - The R&D expenditure for the first half of 2020 was RMB 150 million, accounting for 12.5% of total revenue[2] - The company is investing in research and development of new products, particularly in the fields of NAND and DRAM technologies[18] - R&D expenses for the current period amounted to ¥34,672,620.56, representing 18.08% of total revenue[59] - The company has obtained 3 authorized invention patents during the reporting period, bringing the total to 199 patents, including 147 in mainland China[58] - The company is focusing on advanced packaging technologies and new semiconductor materials to enhance product performance and market competitiveness[18] - The company is actively developing a full range of products in the polishing liquid sector to provide comprehensive solutions for customers[57] - The company is developing a high-selectivity silicon polishing liquid, with a total investment of ¥2,000,000 and current period investment of ¥496,620[66] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2022[2] - Future outlook includes expansion into new markets and potential mergers and acquisitions to drive growth[18] - The company has established distribution channels in countries such as the United States and Singapore to expand its global market presence[41] - The company is positioned to benefit from the rising demand for CMP materials as the proportion of integrated circuits using CMP processes continues to increase[51] - The company has initiated new strategies for market expansion and product development, although specific details were not disclosed in the provided content[184] Risks and Challenges - The company has identified potential risks related to supply chain disruptions due to global events, which may impact production[5] - The company faces risks related to high customer concentration, with sales to the top five customers accounting for 85.73% of total sales, including 42.26% from a subsidiary of SMIC[89] - Management expenses increased by 24.89% year-on-year, primarily due to rising labor costs[98] - Net cash flow from operating activities decreased by 16.61% year-on-year, primarily due to an increase in operating receivables[98] Shareholder and Governance - The company has a commitment to maintain shareholding stability for key personnel for 12 months post-listing[128] - The company has implemented measures to ensure compliance with commitments related to its public offering and listing, including compensation for investors in case of non-fulfillment of these commitments[137] - The company has introduced a stock incentive plan to enhance employee motivation and align their interests with the company's long-term performance[153] - The company approved the stock incentive plan at the shareholders' meeting, allowing the board to grant restricted stocks to eligible participants[156] - The total number of common stock shareholders reached 6,707 by the end of the reporting period[168] Environmental and Compliance - The company reported effective operation of environmental protection facilities, ensuring compliance with legal and industry standards[162] - The company strictly managed hazardous chemicals according to relevant regulations during the reporting period[162] - The company has maintained a strict adherence to regulatory requirements regarding shareholder meetings and resolutions[120] Financial Position - Cash and cash equivalents at the end of the period were 389.22 million yuan, constituting 37.25% of total assets, an increase of 113.78% from the previous year[73] - Other current assets increased to 234.37 million yuan, making up 22.43% of total assets, a significant rise of 557.02% year-on-year[73] - The company reported a notable increase in long-term equity investments to RMB 206,837,786.34, slightly up from RMB 205,659,440.00[199] - Total liabilities reached approximately ¥125.08 billion, up from ¥103.63 billion, which is an increase of about 20.6%[194] - Shareholders' equity totaled approximately ¥919.70 billion, an increase from ¥887.57 billion, representing a growth of about 3.6%[194]

Financial Performance - The company achieved operating revenue of CNY 285.41 million in 2019, a year-on-year increase of 15.15% driven by increased customer usage[30]. - Net profit attributable to shareholders reached CNY 65.85 million, up 46.45% compared to the previous year, primarily due to significant government subsidies recognized as other income[30]. - The company reported a significant increase in revenue, achieving a total of 688 million in Q3 2023, representing a year-over-year growth of 25%[19]. - The company achieved operating revenue of 285.41 million, a year-on-year increase of 15.15%[119]. - The net profit attributable to shareholders reached 65.85 million, reflecting a growth of 46.45% compared to the previous year[119]. - Sales revenue from chemical mechanical polishing (CMP) liquids reached 235.70 million yuan, with a growth of 14.88% year-on-year[97]. - The gross profit margin for the reporting period was 50.25%, a decrease of 0.85 percentage points from 2018[113]. Dividend and Shareholder Policies - The company plans to distribute a cash dividend of 3.8 RMB per 10 shares, totaling approximately 20.18 million RMB, which represents 30.65% of the net profit attributable to shareholders for 2019[7]. - The company has maintained a cash dividend policy that protects the rights of minority investors, ensuring compliance with relevant regulations[178]. - The company has a cumulative distributable profit of 105.31 million RMB as of December 31, 2019[175]. - The commitments are designed to stabilize the stock price and protect investor interests in the initial years post-listing[186]. - The company emphasizes the importance of investor returns and has established a profit distribution policy, including a cash dividend policy, to ensure investor rights are protected[193]. Research and Development - The company is investing heavily in R&D, allocating 10% of its revenue to develop next-generation semiconductor technologies[19]. - The company has invested CNY 57,536,543.58 in R&D, which accounts for 20.16% of its operating revenue, with 74 R&D personnel representing 37% of the total workforce[69]. - The company focuses on R&D investments in copper polishing liquids and photoresist removers to meet technological and customer demands[174]. - The company’s R&D process includes project validation, alpha and beta sampling, and continuous improvement stages[46]. - The company is actively developing solutions for 14nm technology node etching residue removal agents, with significant advancements in 28nm technology node products[101]. Market and Product Development - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of 200 million allocated for potential deals[19]. - The company has achieved large-scale sales of chemical mechanical polishing liquids at the 130-14nm technology node, marking a breakthrough in domestic supply capabilities[38]. - The company is focusing on advanced packaging technologies as semiconductor manufacturing shifts towards system-level design[55]. - The company has established strong relationships with leading domestic and international semiconductor manufacturers, including SMIC and TSMC[94]. - The semiconductor materials market is expected to grow due to emerging applications like 5G and AI, despite challenges posed by the global economic environment[102]. Operational Risks and Compliance - The company has detailed various operational risks and corresponding mitigation measures in the report[5]. - There are no non-operational fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The company guarantees that it will not engage in any fraudulent issuance of shares during its public offering and listing process[192]. - The company has implemented measures to avoid conflicts of interest and ensure fair treatment of shareholders in related party transactions[199]. Strategic Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% based on current market trends and demand[19]. - The company aims to enhance its supply chain resilience by diversifying suppliers, which is expected to mitigate risks associated with market fluctuations[19]. - The company aims to continuously expand sales and improve operational efficiency to achieve healthy business growth[174]. - The company plans to extend its semiconductor materials supply chain through self-built initiatives or acquisitions, aiming to become a world-class high-end semiconductor materials partner[103]. - The company anticipates significant growth in the 5G communication market due to the rapid increase in terminal and base station demands[62].

Financial Performance - Operating revenue for the period was ¥96,338,088.07, representing a significant increase of 64.06% year-on-year[12] - Net profit attributable to shareholders was ¥23,556,378.57, a remarkable increase of 426.00% compared to the same period last year[12] - Basic earnings per share rose to ¥0.44, up 300.00% from ¥0.11 in the previous year[12] - Total operating revenue for Q1 2020 was ¥96,338,088.07, an increase from ¥58,720,235.81 in Q1 2019, representing a growth of approximately 64.2%[42] - The net profit for Q1 2020 reached CNY 23,592,899.86, compared to CNY 3,832,890.84 in Q1 2019, representing a significant increase[53] - The total profit for Q1 2020 was CNY 25,432,908.90, significantly higher than CNY 3,058,192.79 in Q1 2019[53] - Total comprehensive income for the first quarter of 2020 was CNY 23,592,899.86, compared to CNY 3,832,890.84 in the first quarter of 2019, representing a significant increase[55] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,015,413,968.47, an increase of 2.44% compared to the end of the previous year[12] - The company's total liabilities as of March 31, 2020, were ¥104,289,716.85, slightly up from ¥103,629,285.72 at the end of the previous year[34] - Total assets reached ¥935,704,445.26 in Q1 2020, up from ¥904,087,590.54 in Q1 2019, marking an increase of approximately 3.5%[42] - Total liabilities amounted to ¥58,475,129.91 in Q1 2020, compared to ¥50,451,175.05 in Q1 2019, reflecting an increase of about 15.5%[42] - The company's equity attributable to shareholders increased to ¥877,229,315.35 in Q1 2020 from ¥853,636,415.49 in Q1 2019, showing a growth of approximately 2.8%[42] - The total liabilities were reported at ¥103,629,285.72, with current liabilities at ¥79,162,367.72 and non-current liabilities at ¥24,466,918.00[68] Cash Flow - The net cash flow from operating activities improved to -¥3,233,327.18, a significant improvement from -¥23,775,460.68 in the same period last year[12] - Cash inflow from operating activities was CNY 65,893,043.14, compared to CNY 52,412,843.47 in the first quarter of 2019, reflecting a growth of approximately 25.7%[55] - Cash outflow from operating activities totaled CNY 69,126,370.32, down from CNY 76,188,304.15 in the previous year, showing a decrease of about 9.5%[55] - Cash inflow from investment activities surged by 366.67% to ¥280,000,000.00, up from ¥60,000,000.00, mainly due to an increase in matured financial products[23] - Cash inflow from investment activities reached CNY 283,787,054.94, significantly higher than CNY 61,198,291.70 in the same quarter last year[57] - Net cash flow from investment activities was CNY 47,391,568.99, a turnaround from negative CNY 66,371,089.28 in the first quarter of 2019[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,314[16] - The largest shareholder, Anji Microelectronics Co., Ltd., held 42.48% of the shares[16] Research and Development - Research and development expenses accounted for 19.80% of operating revenue, a decrease of 0.82 percentage points compared to the previous year[15] - Research and development expenses rose by 57.47% to ¥19,071,246.28 from ¥12,111,004.56, reflecting increased R&D activities during the period[23] - Research and development expenses increased to CNY 19,923,431.45 in Q1 2020, up from CNY 13,503,045.77 in Q1 2019, indicating a focus on innovation[49] Inventory and Accounts Receivable - Accounts receivable increased by 57.25% to ¥81,206,334.62 compared to ¥51,641,131.63 in the previous period, primarily due to increased operating revenue[23] - Accounts receivable rose to ¥75,146,845.86 in Q1 2020 from ¥43,774,523.56 in Q1 2019, indicating an increase of about 71.5%[40] - Inventory decreased slightly to ¥61,144,426.34 in Q1 2020 from ¥65,936,317.21 in Q1 2019, indicating a reduction of about 7.5%[40] Government Subsidies and Financial Management - Government subsidies recognized in the current period amounted to ¥1,817,606.00[15] - The company reported a decrease in employee compensation payable by 43.39% to ¥5,278,186.05 from ¥9,323,654.09, attributed to bonus distributions from the previous period[23] - The company has implemented new revenue and leasing standards starting from 2020, impacting the financial statements[63] - The company has not applied new revenue and leasing standards retroactively, maintaining consistency in financial reporting[76]

Financial Performance - Operating revenue for the first nine months was RMB 205,268,138.20, up 16.73% from RMB 175,852,914.74 in the same period last year[18]. - Net profit attributable to shareholders increased by 46.29% to RMB 46,275,937.97 compared to RMB 31,633,468.99 in the previous year[18]. - Basic earnings per share rose by 36.71% to RMB 1.08 from RMB 0.79[20]. - Total operating revenue for Q3 2019 was RMB 76,196,956.78, an increase of 19.3% compared to RMB 63,834,243.06 in Q3 2018[51]. - Net profit for Q3 2019 reached RMB 17,020,623.51, representing a 7.2% increase from RMB 15,872,608.60 in Q3 2018[54]. - Net profit for the first three quarters of 2019 was RMB 46,275,937.97, an increase of 48.5% compared to RMB 31,633,468.99 in the same period of 2018[54]. - The total profit before tax is reported at 17,470,666.91, down from 19,379,193.79, indicating a decrease of approximately 9.3%[63]. Assets and Liabilities - Total assets reached RMB 953,773,611.32, an increase of 120.11% compared to the end of the previous year[18]. - Net assets attributable to shareholders amounted to RMB 867,958,034.39, reflecting a growth of 150.31% year-over-year[18]. - Total liabilities decreased by 33.15% in accounts payable to ¥18,399,986.47 from ¥27,523,346.05, due to normal payment practices based on credit terms[27]. - Non-current assets totaled ¥97,329,540.17, compared to ¥83,340,893.06, indicating an increase of about 16%[41]. - Current liabilities amounted to ¥70,613,052.93, slightly up from ¥69,147,436.88, reflecting a growth of around 2%[41]. Cash Flow - The company reported a net cash flow from operating activities of RMB 43,369,323.65, a slight increase of 0.26% compared to the previous year[18]. - Cash and cash equivalents increased by 42.67% to ¥199,471,827.47 from ¥139,811,942.08 due to IPO fundraising and structured deposits[27]. - Cash inflow from investment activities was ¥472,897,234.05 in 2019, significantly higher than ¥146,591,491.99 in 2018, marking an increase of 222.5%[75]. - The net cash flow from investment activities was -¥446,173,448.31 in 2019, compared to -¥11,670,696.15 in 2018, indicating a worsening of 2825.5%[75]. - Cash inflow from financing activities amounted to ¥483,927,759.01 in 2019, with no cash inflow recorded in the same period of 2018[78]. Shareholder Information - The total number of shareholders reached 9,714 as of the end of the reporting period[22]. - The largest shareholder, Anji Microelectronics Co., Ltd., holds 42.48% of the shares[22]. - The company completed its IPO, issuing 13,277,095 shares at a price of ¥39.19 per share, increasing registered capital to ¥53,108,380.00[30]. Research and Development - The company received government subsidies totaling RMB 18,809,470.80 for the R&D and industrialization of key polishing materials for integrated circuits[20]. - Research and development expenses for Q3 2019 were RMB 13,996,952.13, slightly up from RMB 13,241,381.49 in Q3 2018[51]. - Research and development expenses increased to 15,070,015.26, up from 14,621,444.39, indicating a growth of about 3.1% year-over-year[63]. Other Financial Metrics - The weighted average return on net assets improved by 0.88 percentage points to 10.00%[20]. - Total revenue from other income rose by 1070.64% to ¥18,809,470.80 from ¥1,606,767.99, mainly due to increased government subsidies recognized during the reporting period[30]. - The company reported a financial expense of -RMB 5,757,418.28 in Q3 2019, slightly improved from -RMB 5,840,907.40 in Q3 2018[51].