苏州世华新材料科技股份有限公司 第二届董事会第十四次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 苏州世华新材料科技股份有限公司（以下简称"公司"）第二届董事会第十 四次会议（以下简称"本次会议"）于 2023 年 8 月 28 日在公司会议室以现场和 通讯方式召开。本次会议通知及相关材料已于 2023 年 8 月 17 日以书面、邮件、 通讯等方式送达公司全体董事。本次会议由董事长顾正青先生召集并主持，会议 应到董事 9 人，实到董事 9 人，公司监事、高级管理人员列席了会议。本次会议 的召集、召开和表决程序符合《中华人民共和国公司法》等法律、法规、规章、 规范性文件和《苏州世华新材料科技股份有限公司章程》（以下简称"《公司章 程》"）、《苏州世华新材料科技股份有限公司董事会议事规则》的有关规定。 二、董事会会议审议情况 经与会董事审议，通过以下议案： （一）审议通过《关于公司2023年半年度报告全文及其摘要的议案》 公司 2023 年半年度报告的编制和审议程序符合相关法律法规及《 ...

证券代码：688093 证券简称：世华科技 公告编号：2023-021 苏州世华新材料科技股份有限公司 关于参加 2022 年度先进金属材料 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： （三） 视频和线上文字互动平台：上海证券交易所上证路演中心 （http://roadshow.sseinfo.com/） （四）投资者可于 2023 年 5 月 23 日(星期二)16:00 前通过邮件、电话等形 式将需要了解和关注的问题提前提供给公司。公司将在文字互动环节对投资者普 遍关注的问题进行回答。 投资者可于 2023 年 5 月 23 日（星期二）16:00 前通过邮件、电话等形式将需 要了解和关注的问题提前提供给公司。公司将在文字互动环节对投资者普遍关注 的问题进行回答。 苏州世华新材料科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 18 日发布公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况、发展理念，公司参与了由上 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 81,512,553.24, representing a year-on-year increase of 0.92%[5] - The net profit attributable to shareholders was CNY 30,049,584.42, reflecting a year-on-year increase of 5.47%[5] - Total operating revenue for Q1 2023 was CNY 81,512,553.24, a slight increase of 0.92% compared to CNY 80,767,057.10 in Q1 2022[19] - Net profit for Q1 2023 reached CNY 30,049,584.42, representing a 5.48% increase from CNY 28,491,318.10 in Q1 2022[20] - Earnings per share for Q1 2023 remained stable at CNY 0.12, unchanged from Q1 2022[20] - Comprehensive income for Q1 2023 totaled CNY 30,148,775.86, an increase from CNY 28,489,047.79 in Q1 2022[20] Cash Flow - The net cash flow from operating activities increased significantly by 99.31% to CNY 61,995,214.90, mainly due to increased cash receipts from sales and government subsidies[8] - In Q1 2023, the cash inflow from operating activities was CNY 138,426,924.18, an increase of 8.5% compared to CNY 127,249,646.92 in Q1 2022[22] - The net cash flow from operating activities reached CNY 61,995,214.90, significantly up from CNY 31,104,569.00 in the same period last year, marking a growth of 99.5%[22] - The cash inflow from investment activities totaled CNY 194,070,588.44, compared to CNY 146,476,340.96 in Q1 2022, reflecting a year-over-year increase of 32.4%[23] - The total cash outflow from investment activities was CNY 228,279,902.73, up from CNY 128,984,925.71 in the previous year, indicating a 77.1% increase[23] - The total cash outflow for operating activities was CNY 76,431,709.28, down from CNY 96,145,077.92 in the previous year, showing a decrease of 20.5%[22] Assets and Liabilities - Total assets at the end of Q1 2023 reached CNY 1,515,390,909.43, up 2.94% from the end of the previous year[6] - The total equity attributable to shareholders increased by 2.15% to CNY 1,445,316,005.21 compared to the end of the previous year[6] - Total liabilities as of Q1 2023 amounted to CNY 70,074,904.22, an increase from CNY 57,174,649.58 in the previous year[18] - Non-current assets totaled RMB 941,359,939.89, up from RMB 886,237,592.46, marking an increase of approximately 6.2%[15] Shareholder Information - The company had a total of 5,038 common shareholders at the end of the reporting period[9] - The company plans to issue shares to specific investors, having received approval from the China Securities Regulatory Commission on March 23, 2023[12] Research and Development - Research and development expenses totaled CNY 7,685,485.45, accounting for 9.43% of operating revenue, a decrease of 0.27 percentage points year-on-year[5] - Research and development expenses for Q1 2023 were CNY 7,685,485.45, slightly down from CNY 7,836,100.88 in Q1 2022[19] Other Financial Metrics - The weighted average return on equity was 1.54%, a decrease of 0.18 percentage points compared to the previous year[5] - Other income for Q1 2023 was CNY 4,368,756.98, significantly higher than CNY 835,246.19 in Q1 2022[19] - The company reported a tax expense of CNY 4,928,383.19 for Q1 2023, compared to CNY 4,183,621.15 in Q1 2022[20] - Non-recurring gains and losses amounted to CNY 7,779,934.54 after tax[7] Inventory and Receivables - Accounts receivable decreased to RMB 122,056,680.01 from RMB 160,943,802.76, indicating a reduction of approximately 24%[14] - Inventory increased to RMB 53,813,654.93 from RMB 49,079,844.93, reflecting a growth of about 9.5%[14] Loans and Collateral - The company secured a loan of RMB 120 million from Bank of China for a new high-efficiency sealing glue project, with a term of 60 months[11] - The company has pledged land use rights as collateral for the loan, with a mortgage period from January 3, 2023, to April 27, 2025[12]

Financial Performance - The company plans to distribute a cash dividend of 4.00 RMB per 10 shares, totaling 96,428,976 RMB (including tax), which represents 52.02% of the net profit attributable to shareholders for the year[6]. - The company's operating revenue for 2022 was CNY 462,294,182.65, representing an increase of 8.67% compared to CNY 425,404,856.30 in 2021[22]. - The net profit attributable to shareholders for 2022 was CNY 185,375,040.72, a slight increase of 0.59% from CNY 184,281,253.25 in 2021[23]. - The net cash flow from operating activities for 2022 was CNY 174,268,548.81, down by 4.69% from CNY 182,843,520.70 in 2021[23]. - The total assets at the end of 2022 were CNY 1,472,102,790.24, reflecting a growth of 9.95% from CNY 1,338,877,703.61 at the end of 2021[23]. - The gross profit margin for the year was 60.20%, a decrease of 1.07 percentage points compared to the previous year[84]. - The company reported a total revenue of 3,259.61 million RMB for the year 2022, with a significant increase in user data and product demand[62]. - The company achieved operating revenue of 462 million RMB, a year-on-year increase of 8.67%[34]. - The net profit attributable to shareholders reached 185 million RMB, growing by 0.59% year-on-year[34]. Research and Development - The company's R&D expenditure as a percentage of operating revenue was 6.98% in 2022, a decrease of 0.19 percentage points from 7.17% in 2021[24]. - Research and development expenses amounted to 32.27 million RMB, an increase of 5.84% compared to the previous year[35]. - The total R&D investment for the year was ¥32,268,520.20, an increase of 5.84% compared to the previous year[57]. - The company holds a total of 88 authorized patents, including 50 invention patents and 38 utility model patents[54]. - The company is focusing on developing high-performance conductive adhesive materials, with a target to achieve superior stability and conductivity across various thickness specifications[62]. - The company is developing structural adhesives for new energy vehicles, focusing on reliability, weather resistance, and low VOC emissions[62]. - The company is actively developing and selling recyclable and circular eco-friendly materials, replacing petroleum-based raw materials with bio-based alternatives[198]. Operational Strategy - The company has established a comprehensive "one body, two wings, innovation-driven" development strategy, focusing on high-end functional materials and building strong partnerships with well-known brands[47]. - The company primarily uses a "production based on sales" model, determining raw material procurement quantities based on production plans and inventory levels[41]. - The company is actively expanding into new markets and clients, although the process of client certification can be lengthy and complex[73]. - The company has established long-term stable relationships with major clients, ensuring product and technology leadership, which supports continuous stable growth in operating performance[69]. - The company is committed to continuous innovation in functional materials to meet evolving customer needs, with a focus on optimizing technology outcomes[72]. Market and Industry Trends - The functional materials industry is characterized by high research and development requirements, with significant barriers to entry due to the need for long-term accumulation of material research data and technological capabilities[45]. - The demand for high-end functional materials is expected to grow significantly, driven by advancements in technologies such as 5G, new energy, and flexible displays[49]. - The functional materials market is experiencing a new wave of technological breakthroughs, particularly in OLED display materials and thermal management materials[50]. - The company faces risks related to reliance on end brands and their supply chains, which could impact performance if significant changes occur[73]. - The functional materials industry is characterized by intense competition, with major players including 3M, Nitto, Tesa, and Henkel, alongside domestic manufacturers like Shihua Technology[114]. Governance and Compliance - The board of directors and senior management confirm the accuracy and completeness of the annual report[5]. - The company has received a standard unqualified audit report from the accounting firm[6]. - The company has established a comprehensive governance structure to ensure effective and stable operations, aligning with legal and regulatory requirements[123]. - The company has maintained compliance with legal and regulatory requirements during its shareholder meetings, ensuring transparency and governance[125]. - The company has no reported risks or dissenting opinions from the supervisory board during the reporting period[154]. Environmental and Social Responsibility - The company is committed to ESG principles, integrating them into its operations to promote long-term value and respond to national carbon reduction policies[121]. - The company invested approximately 14.04 million RMB in environmental protection during the reporting period[185]. - The company achieved mass production and sales of bio-based materials, effectively lowering the carbon emissions throughout the product lifecycle[199]. - The company has established an Environmental Safety Department to oversee the implementation and improvement of its environmental protection system[200]. - The company reduced carbon emissions by approximately 1,795 tons during the reporting period[198]. Shareholder and Management Information - The company plans to issue A-shares to specific targets in 2022, with multiple proposals approved during the shareholder meetings, indicating a strategic move for capital raising[127]. - The total remuneration for Chairman Gu Zhengqing was reported at 156.75 million yuan for the year, highlighting the company's investment in leadership[130]. - The company has a total of 1,258.27 million in overseas assets, accounting for 0.85% of total assets[106]. - The company has appointed Zhou Changsheng as the new CFO and Ji Yuwen as the new board secretary during the reporting period[135]. - The company has made strategic adjustments in its management team, which may impact future operational efficiency[135].

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, achieving a total of RMB 500 million, representing a growth of 25% compared to the same period last year[12]. - The company's operating revenue for the first half of 2022 was ¥178,124,213.80, representing a 19.55% increase compared to ¥148,999,002.75 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was ¥67,004,283.34, a 2.89% increase from ¥65,120,444.64 year-on-year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥56,740,836.50, up 17.27% from ¥48,383,363.69 in the previous year[17]. - The company reported a total revenue of 8,538.03 million RMB for the first half of 2022, with a net profit of 1,577.04 million RMB, indicating a significant performance in the market[43]. - Basic earnings per share for the first half of 2022 were ¥0.28, a 3.70% increase from ¥0.27 in the same period last year[18]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, reaching a total of 1,200 active clients by the end of June 2022[12]. - The company is actively pursuing market expansion strategies, targeting a 10% increase in market share within the next 12 months[12]. - The company has set a revenue guidance for the second half of 2022, projecting an increase of 20% to reach approximately RMB 600 million[12]. - The company is expanding its market presence by entering two new regions, aiming for a 30% increase in market penetration[96]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to enhance the company's product offerings and increase market share by 5%[96]. Research and Development - Research and development investments have increased by 30%, totaling RMB 80 million, to enhance product offerings and technological capabilities[12]. - The total R&D investment for the reporting period was ¥15,770,435.75, an increase of 7.97% compared to ¥14,606,113.71 in the same period last year[36]. - The company's R&D investment accounted for 8.85% of operating revenue, down 0.95 percentage points from 9.80% in the previous year[18]. - The company is focusing on developing new products and technologies to enhance its competitive edge in the functional materials sector[40]. - The R&D strategy is centered on customer needs and market trends, with a focus on joint development and collaborative solutions for major clients[25]. Product Development - New product development efforts have led to the launch of three innovative materials, which are expected to contribute an additional RMB 50 million in revenue by the end of the year[12]. - The company is focusing on the development of optical-grade vehicle explosion-proof films, targeting over 90% visible light transmittance and impact resistance[41]. - The company is advancing the research and development of materials for flexible OLED screens, aiming to replace rigid glass with more flexible alternatives[41]. - The company is focusing on developing high-performance conductive composite materials, with a new ultra-low resistance conductive tape aimed at consumer electronics and automotive electronics[43]. Financial Position and Cash Flow - The company has maintained a strong cash position, with cash reserves amounting to RMB 200 million as of June 30, 2022[12]. - Cash and cash equivalents at the end of the period amounted to CNY 257,085,248.94, a 38.66% increase from CNY 185,400,874.47 at the end of the previous year[66]. - The net cash flow from operating activities decreased by 26.05% to CNY 73,718,388.78, mainly due to increased inventory for stable customer demand[63]. - The net cash flow from investing activities increased by 103.67% to CNY 14,716,472.28, resulting from cash management of idle funds[63]. Environmental and Social Responsibility - The company has voluntarily purchased 2 million kWh of green electricity during the reporting period to contribute to the reduction of carbon emissions[91]. - The company has implemented a self-monitoring plan for environmental protection, ensuring compliance with environmental standards through continuous monitoring and third-party testing[88]. - The company has established a dedicated environmental safety department to oversee the implementation and improvement of its environmental protection system[90]. - The company has committed to annual energy-saving and emission reduction targets, promoting a low-carbon lifestyle among employees[91]. Shareholder and Governance - The board of directors has approved a profit distribution plan, although no dividends will be issued for this reporting period[5]. - The company distributed a cash dividend of 0.12 CNY per share, totaling 20,640,000 CNY (after tax), and increased its share capital by 68,800,000 shares, resulting in a total share capital of 240,800,000 shares[163]. - The company has established measures to ensure that executive compensation is linked to the execution of profit distribution policies[134]. - The company emphasizes the importance of maintaining shareholder trust and will publicly address any failures to comply with shareholding commitments[116]. Risks and Challenges - The management highlighted potential risks, including supply chain disruptions and raw material price volatility, which could impact future performance[4]. - Operating costs increased by 25.95% to CNY 70,403,470.57, primarily due to rising raw material and labor costs, as well as depreciation from the "Functional Material Expansion and Upgrade Project" coming into production[63].

Financial Performance - The company's operating income for 2021 was CNY 425,404,856.30, representing a 29.32% increase compared to CNY 328,956,028.66 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 184,281,253.25, a 42.94% increase from CNY 128,921,004.74 in 2020[21]. - The net cash flow from operating activities increased by 147.76% to CNY 182,843,520.70 in 2021, compared to CNY 73,797,238.94 in 2020[23]. - The company's total assets as of the end of 2021 were CNY 1,338,877,703.61, a 13.66% increase from CNY 1,178,001,303.84 at the end of 2020[21]. - The net profit after deducting non-recurring gains and losses was CNY 146,872,262.61 in 2021, a 19.11% increase from CNY 123,304,844.02 in 2020[21]. - The company's net assets attributable to shareholders increased by 14.27% to CNY 1,247,811,668.79 at the end of 2021, compared to CNY 1,091,993,471.28 at the end of 2020[21]. - The gross profit margin for the period was 61.27%, a decrease of 2.04 percentage points compared to the previous year[86]. - Operating costs increased by 36.51% year-on-year, reaching 164.76 million yuan, primarily due to rising raw material and labor costs[84]. R&D and Innovation - The R&D expenditure as a percentage of operating income increased to 7.17% in 2021 from 5.84% in 2020, reflecting a growth of 1.33 percentage points[22]. - R&D expenses for the year amounted to 30.49 million RMB, an increase of 58.83% compared to the previous year, accounting for 7.17% of total revenue[34]. - The total R&D investment for the year reached ¥30,488,044.69, a significant increase of 58.83% compared to ¥19,195,752.93 in the previous year[56]. - The company holds a total of 67 authorized patents, including 35 invention patents and 32 utility model patents[54]. - The company is currently developing several projects, including a waterproof and breathable material with a total investment of ¥787.68 million, of which ¥461.99 million has been invested to date[60]. - The company is developing a UV-curable adhesive with both pressure-sensitive and structural adhesive properties, currently in the laboratory stage[61]. - The company is focused on developing green and environmentally friendly composite functional materials to capture a larger market share in the future[51]. Market Position and Strategy - The company specializes in functional materials with applications in consumer electronics, wearable devices, new energy, smart cars, and medical electronics[41]. - The company has established a strong market position in the domestic functional materials sector, recognized for product performance and rapid response capabilities[48]. - The company aims to become a leading player in the functional materials sector, focusing on sustainable growth and continuous innovation[71]. - The company is actively pursuing new customer development, but the lengthy certification process poses a risk to its strategic expansion[74]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[137]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm[5]. - The company has confirmed that all directors can guarantee the authenticity, accuracy, and completeness of the annual report[9]. - The company has established specialized committees, including the Audit Committee and the Nomination Committee, to enhance governance[151]. - The internal control system has been implemented effectively, with no significant deficiencies reported during the reporting period[179]. - The company emphasizes fair cooperation with creditors and maintains regular communication to safeguard their interests[200]. Environmental and Social Responsibility - The company invested several million RMB in environmental protection during the reporting period, conducting over 200 hours of EHS leadership training to enhance environmental and safety awareness among employees[182]. - The company has implemented multiple environmental management procedures, including waste management and wastewater treatment protocols, to ensure compliance with environmental standards[190]. - The company has set annual energy-saving and emission reduction targets and promotes low-carbon living and green practices among employees[193]. - The company donated 1.5 million RMB to the University of Science and Technology of China over five years (2021-2025) to support the development of the School of Chemistry and Materials Science[183]. - The company organized a table tennis invitational tournament in November 2021 to promote sports and enhance community engagement[198]. Shareholder Returns and Capital Structure - The company plans to distribute a cash dividend of 1.20 RMB per 10 shares, totaling 20,640,000 RMB, which accounts for 11.20% of the net profit attributable to shareholders[5]. - The company will increase its total share capital by 68,800,000 shares through a capital reserve conversion, raising the total share capital to 240,800,000 shares[5]. - The company has not distributed bonus shares for the 2021 fiscal year[5]. - The cash dividend represents 11.20% of the net profit attributable to shareholders of the parent company for the year[163].

Revenue and Profit - Revenue for Q1 2022 was CNY 80,767,057.10, an increase of 23.79% compared to the same period last year[3] - Net profit attributable to shareholders decreased by 14.83% to CNY 28,491,318.10[3] - Total operating costs for Q1 2022 were CNY 54,626,651.22, up 34.1% from CNY 40,743,743.60 in Q1 2021[19] - Net profit for Q1 2022 was CNY 28,491,318.10, a decrease of 14.5% from CNY 33,453,477.34 in Q1 2021[20] - Earnings per share for Q1 2022 was CNY 0.17, down from CNY 0.19 in Q1 2021[21] - The total profit for Q1 2022 was ¥25,396,569.56, a decrease of 38.5% from ¥41,320,955.75 in Q1 2021[33] Cash Flow and Investments - Net cash flow from operating activities fell by 56.86% to CNY 31,104,569.00 due to increased outflows from purchases and employee compensation[7] - In Q1 2022, the cash inflow from operating activities was CNY 127,249,646.92, a decrease of 10.4% compared to CNY 142,106,500.00 in Q1 2021[23] - The net cash flow from operating activities was CNY 31,104,569.00, down 56.9% from CNY 72,100,129.51 in the same period last year[23] - The cash inflow from investment activities was CNY 146,476,340.96, a decrease of 9.4% from CNY 161,722,516.55 in Q1 2021[25] - The net cash flow from investment activities was CNY 17,491,415.25, a significant improvement from a negative CNY 303,860,125.48 in Q1 2021[25] - The company received cash inflows from investment activities totaling ¥86,289,601.24 in Q1 2022, down from ¥159,038,628.25 in Q1 2021[36] - The cash outflow for investment activities in Q1 2022 was ¥69,986,760.42, significantly lower than ¥431,246,208.98 in Q1 2021[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,339,771,041.25, a slight increase of 0.07% from the end of the previous year[5] - Total assets as of Q1 2022 were CNY 1,339,771,041.25, slightly up from CNY 1,338,877,703.61 at the end of Q1 2021[17] - Total liabilities for Q1 2022 were CNY 61,736,548.13, down from CNY 91,066,034.82 in Q1 2021[20] - The total liabilities remained stable at CNY 66,566,703.91 compared to CNY 86,306,997.74 in Q1 2021[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,245[8] - The top three shareholders held a combined 61.28% of the shares, indicating significant ownership concentration[8] - Shareholders' equity attributable to shareholders increased by 2.42% to CNY 1,278,034,493.12[5] Research and Development - R&D investment totaled CNY 7,836,100.88, representing 9.70% of revenue, a decrease of 0.67 percentage points[3] - Research and development expenses for Q1 2022 were CNY 7,836,100.88, compared to CNY 6,767,761.32 in Q1 2021, indicating a focus on innovation[19] - Research and development expenses for Q1 2022 were ¥6,722,769.45, compared to ¥6,323,097.13 in Q1 2021, reflecting a year-over-year increase of 6.3%[33] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 4,902,032.21 after tax adjustments[6] - Basic and diluted earnings per share were both CNY 0.17, a decrease of 10.53%[3] - Other comprehensive income for Q1 2022 was CNY -2,270.31, compared to CNY 90,372.13 in Q1 2021, reflecting changes in foreign currency translation[20] - The company reported a financial expense of CNY -81,025.29 in Q1 2022, an improvement from CNY -831,078.47 in Q1 2021[20] Inventory and Receivables - Accounts receivable decreased to RMB 135.82 million from RMB 169.77 million, a decline of about 20.0%[15] - The company reported a decrease in accounts receivable to CNY 144,901,897.23 from CNY 177,249,027.97 year-over-year[28] - Inventory rose to RMB 54.03 million, up from RMB 43.51 million, indicating an increase of approximately 24.1%[15] Strategic Initiatives - The company plans to invest at least RMB 9.88 million per acre in the "Shihua Technology Innovation Center Project" in the Zhangjiang High-Tech Park, with an expected annual tax contribution of no less than RMB 3 million per acre after completion[12] - The company has entered the land auction phase for the Jiangsu Sitop project, indicating ongoing market expansion efforts[12] - The company is actively pursuing new projects and investments to enhance its market position and operational capabilities[12] - The company has a strategic partnership with Huatai Innovation Investment Co., which holds 2.15 million shares with a 24-month lock-up period[11]

Financial Performance - The company's operating revenue for Q3 2021 reached ¥152,717,036.64, representing a year-on-year increase of 37.03%[4] - The net profit attributable to shareholders for the same period was ¥60,743,218.73, up 21.91% compared to the previous year[4] - The basic earnings per share for Q3 2021 was ¥0.35, a decrease of 10.26% compared to the same period last year[4] - The weighted average return on equity decreased by 10.47 percentage points to 5.26% in Q3 2021[4] - Total operating revenue for the first three quarters of 2021 reached ¥301,716,039.39, a 41.0% increase from ¥213,904,364.95 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥125,863,663.37, representing a 59.0% increase compared to ¥79,102,395.52 in the same period of 2020[20] - The company reported a profit before tax of ¥146,986,786.99 for the first three quarters of 2021, compared to ¥93,011,180.61 in the same period of 2020[20] Research and Development - Research and development (R&D) expenses totaled ¥8,039,798.40 in Q3 2021, marking a significant increase of 62.48% year-on-year[4] - The company’s R&D investment accounted for 5.26% of its operating revenue in Q3 2021, an increase of 0.82 percentage points from the previous year[5] - Research and development expenses for the first three quarters of 2021 totaled ¥22,645,912.11, an increase of 81.8% from ¥12,479,956.91 in the previous year[19] - The company continues to focus on expanding its market presence and investing in new technologies, as indicated by the significant increase in R&D expenses[19] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥1,280,025,987.49, reflecting an increase of 8.66% from the previous year[5] - The company's current assets decreased to RMB 444,738,841.69 from RMB 686,529,683.75 at the end of 2020, representing a decline of approximately 35.3%[14] - The total liabilities as of the end of the third quarter of 2021 amounted to ¥91,406,737.64, compared to ¥86,007,832.56 at the end of the same period in 2020[16] - The total equity attributable to shareholders of the parent company increased to ¥1,188,619,249.85 from ¥1,091,993,471.28 year-over-year[16] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥84,765,369.23, an increase of 79.13% year-on-year[4] - The company reported a strong liquidity position, although specific cash flow figures were not detailed in the provided content[21] - The net cash flow from operating activities for the first three quarters of 2021 was approximately $84.77 million, compared to $47.32 million in 2020, indicating a year-over-year increase of approximately 79.3%[22] - The total cash inflow from investment activities in the first three quarters of 2021 was approximately $235.85 million, up from $180.44 million in 2020, reflecting an increase of about 30.6%[23] - The net cash flow from investment activities was negative at approximately -$397.59 million in 2021, compared to -$40.84 million in 2020, indicating a significant decline in investment returns[23] - The net cash flow from financing activities in 2021 was approximately -$34.40 million, a decrease from a positive $692.29 million in 2020, showing a substantial shift in financing strategy[23] Shareholder Information - The company reported a total of 4,548 common shareholders at the end of the reporting period[7] - The company has engaged in strategic placements, with Huatai Innovation Investment Co., Ltd. participating in a strategic placement of 2,150,000 shares, subject to a 24-month lock-up period[10]

Financial Performance - The company reported a revenue of RMB 200 million for the first half of 2021, representing a year-on-year increase of 25% compared to the same period in 2020[13]. - The company's operating revenue for the first half of the year reached ¥148,999,002.75, representing a 45.43% increase compared to ¥102,456,383.26 in the same period last year[19]. - Net profit attributable to shareholders increased by 122.43% to ¥65,120,444.64 from ¥29,276,955.00 year-on-year[21]. - The net cash flow from operating activities surged by 140.36% to ¥99,682,300.83, up from ¥41,471,383.67 in the previous year[21]. - Basic earnings per share rose by 65.22% to ¥0.38, compared to ¥0.23 in the same period last year[20]. - The company reported a total revenue of 4,817.60 million RMB for the first half of 2021, with a net profit of 1,369.84 million RMB, representing a significant increase compared to the previous period[50]. - The net profit attributable to the parent company reached CNY 65.12 million, up 122.43% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 48.38 million, an increase of 73.91%[58]. Research and Development - The company is investing RMB 50 million in R&D for new materials and technologies, focusing on enhancing product performance and sustainability[13]. - The proportion of R&D investment to operating revenue increased by 2.45 percentage points to 9.80% from 7.35% year-on-year[20]. - Research and development (R&D) expenses reached ¥14,606,113.71, representing a 93.93% increase compared to the previous period, with R&D expenses accounting for 9.80% of operating revenue, an increase of 2.45 percentage points[44][45]. - The R&D personnel count increased to 79, accounting for 20.84% of the total workforce, with total R&D compensation reaching 940.04 million RMB, up from 561.99 million RMB in the previous period[53]. - The company has achieved a total of 61 authorized patents, including 29 invention patents and 32 utility model patents, as well as 16 other intellectual property rights[40]. - The company has made technological breakthroughs in the functional materials niche, with some products achieving performance levels comparable to international standards[36]. - The company has established several research centers and innovation bases, including the Jiangsu Provincial Functional Polymer Materials Engineering Research Center[40]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 20% for the second half of 2021, driven by new product launches and market expansion strategies[13]. - Market expansion efforts include entering two new international markets, aiming for a 10% increase in overseas sales by the end of 2021[13]. - The company has no plans for mergers or acquisitions in the near term, focusing instead on organic growth and product development[13]. - The company competes directly with international leading material companies in the electronic composite functional materials sector, enhancing its international competitiveness[28]. - The company has entered the supply chains of major screen module manufacturers such as Samsung and BOE, with some products already achieving sales[28]. Operational Efficiency - The company has implemented cost control measures that are expected to reduce operational expenses by 5% in the next quarter[13]. - The company has maintained close cooperation with clients, leading to significant achievements in new product development and project application scenarios[21]. - The company operates under a direct sales model, which includes terminal customer certification and direct customer procurement[30]. - The procurement model is based on "production-driven purchasing," where raw material quantities are determined by production plans and inventory levels[31]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and raw material price fluctuations, which could impact future performance[13]. - The company faces risks related to the fluctuation of raw material prices, which could increase the cost of main business operations[64]. - The company is exposed to risks from intensified competition in the functional materials industry, particularly from foreign manufacturers[64]. Environmental Commitment - The company is actively involved in the development of green and solvent-free materials, aligning with national goals for carbon neutrality[38]. - The company established an RTO waste gas treatment device to minimize environmental impact during production[94]. - The company is actively responding to national carbon neutrality goals by optimizing process parameters to reduce energy consumption[96]. Shareholder Commitments - The company has committed to a 36-month lock-up period for shares held by major shareholders and executives since the IPO date on September 30, 2020[99]. - The company has a commitment to not transfer or manage shares during the lock-up period, with a maximum annual transfer limit of 25% of pre-IPO shares after the lock-up[104]. - The company has a long-term commitment to disclose information responsibly and bear related compensation responsibilities[100]. - The company will ensure that the cumulative cash distribution over the last three years is not less than 30% of the average annual distributable profit during that period[142]. Share Repurchase and Stock Incentives - The company will implement stock buyback measures if its stock price falls below the latest audited net asset value for 20 consecutive trading days[127]. - The company has established a stock incentive plan to motivate and retain key personnel, which is expected to enhance overall performance and align interests[175]. - The company plans to grant a total of 1,195,000 restricted stocks to no more than 30 incentive objects under the 2021 Restricted Stock Incentive Plan[175].

Financial Performance - The company's operating revenue for 2020 was RMB 328,956,028.66, representing a 36.50% increase compared to RMB 240,988,957.45 in 2019[20]. - The net profit attributable to shareholders of the listed company reached RMB 128,921,004.74, a growth of 58.02% from RMB 81,584,237.45 in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 123,304,844.02, reflecting a 67.99% increase from RMB 73,401,890.49 in 2019[20]. - The net cash flow from operating activities was RMB 73,797,238.94, showing a slight decrease of 0.29% compared to RMB 74,013,201.24 in the previous year[20]. - As of the end of 2020, the net assets attributable to shareholders of the listed company were RMB 1,091,993,471.28, a significant increase of 296.22% from RMB 275,600,665.56 at the end of 2019[20]. - The total assets of the company reached RMB 1,178,001,303.84, marking a 197.19% increase from RMB 396,379,965.30 in 2019[20]. - The company reported a total revenue of 5,339.97 million RMB, with a net profit of 1,651.06 million RMB, indicating a significant growth compared to the previous year[54]. - The company achieved a total operating revenue of CNY 328.96 million, representing a year-on-year growth of 36.50%[74]. - The net profit attributable to the parent company was CNY 128.92 million, an increase of 58.02% compared to the previous year[74]. - The gross profit margin improved to 63.31%, up by 3.99 percentage points from the previous year[78]. Research and Development - Research and development expenses accounted for 5.84% of operating revenue, down from 6.73% in 2019[21]. - The total R&D investment for the year was approximately ¥19.20 million, representing an increase of 18.37% compared to the previous year[46]. - The number of R&D personnel increased to 67, accounting for 22.95% of the total workforce, up from 17.90% in the previous year[55]. - R&D expenses accounted for an average of 6.2% of the company's revenue over the past three years, significantly higher than the domestic industry average[59]. - The company has accumulated a total of 57 authorized patents, including 25 invention patents and 32 utility model patents as of December 31, 2020[44]. - The company has filed 23 invention patent applications during the reporting period, with 14 patents granted[44]. - The company has made significant progress in R&D, focusing on customer needs and market trends, which has led to the development of new products with independent intellectual property rights[39]. - The company is actively developing high-end functional materials, particularly in the graphene and OLED sectors, indicating a strong market demand and potential for import substitution[41]. Market Position and Strategy - The company specializes in the research, production, and sales of functional materials, with a focus on electronic composite materials, optoelectronic display module materials, and precision process application materials, catering to industries such as consumer electronics and new energy vehicles[31]. - The company has achieved significant market recognition, becoming a well-known player in the domestic functional materials sector, with strong competitive advantages in product performance and rapid response capabilities[39]. - The company has entered the supply chains of major clients like Samsung and BOE, indicating its products meet high-performance requirements for optoelectronic display module materials[32]. - The company is focusing on expanding its product line in high-end functional materials, targeting industries such as consumer electronics and new energy vehicles[60]. - The competitive landscape shows significant opportunities for domestic brands to enhance their market position against foreign competitors in the high-performance materials sector[50]. - The company aims to become a leader in the functional materials sector, focusing on independent R&D and technological innovation, with a commitment to increasing R&D investment and attracting industry talent[107]. Risk Management - The company has outlined various risks and countermeasures in its report, emphasizing the importance of risk management in its operations[4]. - The company faces risks related to reliance on major clients, market expansion challenges, and fluctuations in raw material prices, which could impact operational performance[69]. - The company is actively pursuing risk management improvements to mitigate operational and industry risks[111]. Shareholder Commitments - The company has committed to a 36-month lock-up period for shares held by major shareholders and executives, starting from the date of listing on September 30, 2020[120]. - The company has a commitment to stabilize stock prices for a period of 3 years post-listing, effective from September 30, 2020[121]. - Major shareholders have pledged not to reduce their holdings for 24 months after the lock-up period ends, starting from September 30, 2020[121]. - The company has committed to fulfilling its profit distribution policy as part of its long-term commitments[121]. - The company will prioritize cash dividends over stock distributions, with a cumulative cash distribution of no less than 30% of the average annual distributable profits over the last three years[159]. Environmental and Social Responsibility - The company has implemented an efficient RTO waste gas treatment system and engages qualified third-party organizations for solid waste disposal, adhering to environmental regulations[198]. - During the reporting period, the company donated RMB 1 million to the Wujiang District Charity Association to promote local charitable welfare[197]. - The company is committed to developing eco-friendly materials and enhancing its competitive edge in the "carbon neutrality" era[107]. Financial Management - Cash and cash equivalents reached 49,249.94 million RMB, representing 41.81% of total assets, primarily due to funds raised from the IPO[58]. - Accounts receivable increased to 14,600.28 million RMB, which is 12.39% of total assets, attributed to significant revenue growth in the fourth quarter[58]. - Inventory levels rose to 3,338.76 million RMB, accounting for 2.83% of total assets, as the company prepared to meet customer demand[58]. - The company has a total of RMB 345 million in entrusted financial management with an expected annual return of 3.26%[182]. - The company has a total of RMB 200 million in entrusted financial management with an expected annual return of 3.50%[181].