Financial Performance - The company's revenue for Q3 2021 reached ¥454,971,967.83, representing a year-over-year increase of 29.56%[6] - Net profit attributable to shareholders for Q3 2021 was ¥38,689,498.55, a decrease of 35.49% compared to the same period last year[10] - The net profit excluding non-recurring gains and losses for Q3 2021 was ¥24,070,998.56, down 54.04% year-over-year[10] - Total operating revenue for the first three quarters of 2021 reached ¥1,233,859,836.16, a significant increase of 37.1% compared to ¥899,487,564.74 in the same period of 2020[34] - Net profit for the third quarter of 2021 was ¥137,695,293.70, a decrease of 5.5% from ¥146,014,568.97 in the same quarter of 2020[40] - Earnings per share for the third quarter of 2021 were ¥0.26, down from ¥0.36 in the same quarter of 2020[43] - The company reported a decrease in comprehensive income attributable to shareholders of the parent company, totaling ¥125,425,347.32 in the third quarter of 2021, down from ¥142,594,233.00 in the same quarter of 2020[43] Research and Development - Research and development (R&D) expenses totaled ¥16,996,510.60 for Q3 2021, an increase of 56.09% compared to the same period last year[10] - R&D expenses accounted for 3.74% of revenue in Q3 2021, up 0.63 percentage points from the previous year[10] - Research and development expenses for the third quarter of 2021 amounted to ¥50,149,546.49, an increase of 66.6% from ¥30,100,943.80 in the same quarter of 2020[38] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥4,125,607,218.12, reflecting a 19.40% increase from the end of the previous year[10] - The total current assets as of September 30, 2021, amounted to CNY 2,137,113,979.60, a decrease from CNY 2,280,667,264.57 at the end of 2020, reflecting a decline of approximately 6.26%[24] - Total assets reached CNY 4,125,607,218.12, up from CNY 3,455,309,995.35, reflecting an increase of approximately 19.39%[26] - Total liabilities increased to CNY 1,335,936,698.36 from CNY 593,130,556.75, showing a significant rise of about 125.00%[30] - The company's fixed assets grew to CNY 1,079,721,408.84 from CNY 807,454,596.40, representing an increase of approximately 33.56%[26] Cash Flow - Cash flow from operating activities for the year-to-date period increased by 35.32% to ¥335,489,299.84[10] - Cash flow from operating activities for the first three quarters of 2021 was ¥335,489,299.84, compared to ¥247,920,102.71 in the same period of 2020, reflecting a 35.2% increase[45] - Cash inflow from investment activities totaled $1,304,278,174.70, compared to $257,784,803.88 in the previous period[47] - Cash outflow for investment activities amounted to $1,953,435,529.95, an increase from $1,662,100,505.91 year-over-year[47] - Net cash flow from investment activities was -$649,157,355.25, improving from -$1,404,315,702.03 in the previous period[47] - Cash inflow from financing activities was $265,086,050.00, significantly lower than $1,916,049,723.13 in the prior period[49] - Net cash flow from financing activities was -$83,994,650.42, a decrease from $1,432,392,864.75 year-over-year[49] - The ending cash and cash equivalents balance was $596,160,047.61, compared to $462,076,132.84 in the previous period[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,182[17] - The company reported a total of 10 major shareholders, with the largest shareholder holding 16,156,666 shares, accounting for approximately 3.34% of total shares[22] - The company’s minority shareholders' equity increased to ¥154,754,391.08 in the third quarter of 2021, compared to ¥91,472,944.63 in the same quarter of 2020[36] Other Information - The company attributed the decline in net profit to rising raw material prices and increased R&D expenditures[16] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[23]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2021, representing a year-on-year increase of 15%[23] - The net profit attributable to shareholders reached 80 million CNY, up 20% compared to the same period last year[23] - The company's operating revenue for the first half of the year reached ¥778,887,868.33, representing a 42.05% increase compared to the same period last year[30] - The net profit attributable to shareholders was ¥86,921,599.52, showing a 5.10% increase year-on-year[30] - The cash flow from operating activities increased by 21.76% to ¥192,537,971.51[30] - The company's total assets grew by 7.37% to ¥3,710,096,134.16 compared to the end of the previous year[30] - The basic earnings per share decreased by 21.74% to ¥0.18[34] - The revenue from bulk gases increased by 55.56% year-on-year, while specialty gases grew by 40.67%[34] - The company achieved operating revenue of ¥778,887,868.33, a year-on-year increase of 42.05%[131] - The net profit attributable to shareholders reached ¥86,921,599.52, reflecting a growth of 5.10% compared to the previous year[131] Market Expansion and Strategy - The company has expanded its user base by 10% in the first half of 2021, reaching a total of 1 million active users[23] - The company plans to launch two new products in Q3 2021, aiming to capture a larger market share in the industrial gas sector[23] - The company has identified potential acquisition targets in the southern region to strengthen its market presence[23] - The management has set a revenue growth target of 20% for the full year 2021, driven by increased demand in the electronics and healthcare sectors[23] - The company is focusing on expanding its distribution network, with plans to open three new branches by the end of 2021[23] - The company plans to continue expanding its market presence and enhancing product sales through increased market development efforts[34] - The company aims to focus on the research and production of specialty gases, leveraging national technology center advantages to fill domestic gaps in high-end specialty gases[62] - The company is actively involved in the development of intelligent operation projects to improve safety and operational efficiency[136] - The company has expanded its market presence by establishing multiple subsidiaries and acquiring several gas supply companies[135] Research and Development - The company is investing 50 million CNY in R&D for new technologies related to high-purity gases, expected to enhance product offerings[23] - The R&D investment as a percentage of operating revenue increased to 4.26%, up by 0.76 percentage points from the previous year[34] - Research and development expenses increased by 72.57% year-on-year, totaling approximately ¥33.15 million, which represents 4.26% of operating revenue[97] - The company has established a comprehensive technology system covering gas production, purification, detection, and logistics, with several core technologies developed independently[88] - The company has applied for 5 invention patents and 8 utility model patents during the reporting period, with 2 invention patents and 20 utility model patents granted[93] - The company has developed various high-purity gases that meet domestic semiconductor industry needs, achieving quality and technology levels that can replace imports[88] Risks and Challenges - The company has highlighted potential risks including market competition and regulatory changes that could impact future performance[23] - The company faces risks from intense market competition, with foreign giants holding over 85% market share in the electronic gas sector[142] - The company is exposed to price fluctuations in raw materials, which can impact operating costs and profit margins[144] - There is a risk of core technology loss and talent attrition, which could hinder the company's competitive position in the market[149] Environmental Initiatives - The company is classified as a "low pollution emission" enterprise, with emissions primarily consisting of nitrogen oxides and ammonia[189] - The company has implemented effective pollution control measures, with monitoring equipment for water pollutants in place[190] - The company continuously invests in environmental protection and aims to enhance its eco-friendly practices[198] - The company is actively promoting the creation of "green factories" to enhance quality management, energy conservation, and environmental management[199] - Continuous efforts are being made to reduce energy consumption and carbon emissions through benchmarking management of water, electricity, natural gas, and coal[199] Product Development - The company’s key products include ultra-pure ammonia, hydrogen, nitrous oxide, and various specialty gases essential for semiconductor manufacturing[63] - The company’s product portfolio includes gases like silane, which is vital for producing high-purity silicon used in solar cells and flat panel displays[63] - The company has completed small-scale and pilot tests for the purification of electronic-grade hydrogen bromide, achieving a purity of 99.999% and moving towards large-scale production[102] - The development of liquid organic hydrogen storage materials has reached a storage density of over 5% with hydrogenation and dehydrogenation temperatures below 300°C, enabling continuous large-scale production[102] - The company has achieved a purity of 99.9999% for ultra-pure argon recovery and purification, with large-scale production now in progress[102] Operational Efficiency - The company has implemented cost-control measures that are expected to reduce operational expenses by 5% in the next quarter[23] - The company adopts a sales-driven production model, where production plans are based on signed framework contracts and actual orders, ensuring reasonable inventory levels[80] - The company has established stable procurement channels for raw materials, primarily sourcing from large state-owned enterprises and chemical companies[75] - The company's operational structure includes dedicated departments for production, transportation, and quality control, ensuring efficient and safe operations[80]

2021 年第一季度报告 公司代码：688106 公司简称：金宏气体 苏州金宏气体股份有限公司 2021 年第一季度报告 1 / 26 2021 年第一季度报告 目录 | --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | |--------------|-------| | | | | 重要提示 | | | 公司基本情况 | | | 重要事项 | | | 附录 | | 2 / 26 2021 年第一季度报告 单位：元 币种：人民币 3 / 26 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 ...

Financial Performance - The company's operating revenue for 2020 was approximately CNY 1.24 billion, an increase of 7.13% compared to 2019[28]. - The net profit attributable to shareholders for 2020 was approximately CNY 197.33 million, representing an increase of 11.43% year-on-year[28]. - The net assets attributable to shareholders at the end of 2020 reached approximately CNY 2.77 billion, a significant increase of 225.84% compared to the end of 2019[28]. - The total assets at the end of 2020 were approximately CNY 3.46 billion, up 106.54% from the previous year[28]. - The basic earnings per share for 2020 was CNY 0.47, a decrease of 4.08% compared to 2019[31]. - The net cash flow from operating activities for 2020 was approximately CNY 401.62 million, a slight increase of 0.40% from 2019[28]. - The company reported a quarterly revenue of CNY 351.16 million in Q4 2020, showing strong performance in the last quarter[33]. - The net profit attributable to shareholders in Q4 2020 was approximately CNY 54.65 million, indicating a solid finish to the year[33]. - The total revenue for the company reached 13.43 billion RMB, with a significant increase in production capabilities across various product lines[109]. - In 2020, the company achieved operating revenue of 1,243.34 million yuan, a year-on-year increase of 7.13%[128]. - The net profit attributable to shareholders was 197.33 million yuan, reflecting a year-on-year growth of 11.43%[128]. - As of December 31, 2020, the company's total assets amounted to 3,455.31 million yuan, with net assets reaching 2,770.71 million yuan[128]. Dividend and Share Capital - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling RMB 121,083,350, which represents 61.36% of the net profit attributable to shareholders for the year 2020[7]. - The company reported a total share capital of 484,333,400 shares as of December 31, 2020[7]. - The company has no plans for capital reserve conversion into share capital for the year 2020[7]. Audit and Compliance - The company received a standard unqualified audit opinion from the accounting firm Rongcheng[6]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[4]. - The company has not violated any decision-making procedures regarding external guarantees[10]. - There are no non-operational fund occupations by controlling shareholders or related parties[8]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity of the annual report[10]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 3.73% in 2020, up 0.29 percentage points from 2019[31]. - Total R&D expenses increased by 16.36% year-over-year, amounting to ¥46,413,973.53 compared to ¥39,888,291.75[94]. - The company has developed various ultra-high purity gases, achieving a total of 200 patents, including 39 invention patents, as of the end of the reporting period[78]. - The company has applied for 15 invention patents and 32 utility model patents during the reporting period, with a total of 305 applications and 205 granted patents[92]. - The company has established several key research centers, enhancing its technological and R&D advantages[117]. - The company is currently developing 12 key projects, with total expected investment of ¥6,760 million[98]. Market and Industry Trends - The global industrial gas market size was approximately $122 billion in 2018, with a projected growth rate of 8% leading to an estimated size of $131.8 billion by 2019[60]. - China's industrial gas market size reached 147.7 billion yuan in 2019, with a compound annual growth rate (CAGR) of 15.29% from 2010 to 2019[65]. - The outsourcing rate of industrial gas in China was about 45% in 2018, expected to rise to 57% by 2020, indicating a shift towards socialized supply[71]. - The domestic electronic gas market accounted for nearly one-third of the global market, with the self-sufficiency rate being very low, as nearly 80% of products are imported[70]. - The industrial gas industry in China is projected to maintain double-digit growth, driven by a GDP growth rate of around 6% and the "13th Five-Year Plan" focusing on eight key industries[65]. - The demand for high-purity gases in the semiconductor industry requires purity levels above 5N, with stringent production and analysis processes[76]. Operational Strategies - The company focuses on the research and production of specialty gases, aiming to fill domestic gaps in high-end specialty gas production[45]. - The company has established a comprehensive gas supply and service network, providing over 100 types of gases for various industries[45]. - The production model is driven by orders, with a focus on maintaining reasonable inventory levels to meet customer demands[51]. - The company has a stable procurement channel for raw materials, primarily sourced from large state-owned enterprises and chemical companies[50]. - The sales model includes direct sales to end-users and gas companies, with customer acquisition through various channels such as trade shows and online advertising[52][54]. - The company aims to increase the localization of specialty gases in response to the growing semiconductor industry in China[45]. Risks and Challenges - The company has outlined various operational risks and corresponding mitigation strategies in the report[5]. - The report includes a forward-looking statement risk declaration, advising investors to be cautious of investment risks[8]. - The company faces risks related to raw material price fluctuations, which could impact operating costs and profit margins[138]. Recognition and Awards - The company has been recognized as a key high-tech enterprise and has received various awards for its innovative products and technologies[118]. - The company has been recognized as a "National Specialized and Innovative 'Little Giant' Enterprise" and a top 20 integrated circuit enterprise in Suzhou[133]. - The company’s brand "Jinhong Gas" has been recognized as a famous trademark, enhancing its market reputation and competitive edge[123].

2020 年第三季度报告 公司代码：688106 公司简称：金宏气体 苏州金宏气体股份有限公司 2020 年第三季度报告 1 / 29 2020 年第三季度报告 一、 二、 11[ 四、 目录 | --- | --- | |--------------|-------| | | | | 重要提示 | | | 公司基本情况 | | | 重要事项 | | | 附录 | | 2 / 29 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人金向华、主管会计工作负责人钱卫芳及会计机构负责人（会计主管人员）昝锡锤 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-----------------------------|------------------- ...

Financial Performance - The company reported a total revenue of 200 million CNY for the first half of 2020, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders was 30 million CNY, up 20% compared to the same period last year[19] - The company's operating revenue for the first half of the year was CNY 548,332,094.54, a slight increase of 0.49% compared to CNY 545,674,675.50 in the same period last year[24] - The net profit attributable to shareholders was CNY 82,700,099.27, representing a year-on-year increase of 9.58% from CNY 75,470,941.41[24] - The company expects a revenue growth of 10-15% for the full year 2020, driven by increased demand in the electronics and healthcare sectors[19] - The company achieved a revenue of 11,480 million RMB, with a net profit of 1,921.18 million RMB, reflecting a significant increase of 3,540.94 million RMB compared to the previous period[82] - The company achieved operating revenue of CNY 54,833.21 million, a year-on-year increase of 0.49%[118] - Net profit reached CNY 8,421.88 million, reflecting a year-on-year growth of 8.97%[118] Research and Development - The company has invested 50 million CNY in R&D for new technologies, focusing on high-purity gas production[19] - Research and development expenses accounted for 3.50% of operating revenue, an increase of 0.30 percentage points compared to 3.20% in the previous year[24] - The company reported a total R&D investment of ¥19,211,802.95, which represents 3.50% of its operating revenue[70] - The company is currently developing a high-purity argon recovery and purification technology, aiming for a purity of 99.9999% and achieving large-scale production[74] - The company has completed small and pilot tests for the 9N electronic-grade tetraethyl orthosilicate, targeting a purity of 99.9999999% for large-scale production[74] - The company is advancing its research on high-purity hydrogen fluoride, with a target purity of 99.995% and plans for large-scale production[76] - The company has developed a purification system for electronic-grade hydrogen chloride, with plans for large-scale production[74] - The research and development of high-purity hydrogen purification systems achieved a purity of 99.999% and is currently in the optimization design phase[18] Market Expansion and Strategy - The company plans to launch two new products in Q3 2020, aiming to capture an additional 5% market share in the industrial gas sector[19] - The company is exploring potential acquisitions to enhance its market presence, with a target of completing at least one acquisition by the end of 2020[19] - The company is focusing on expanding its market presence in semiconductor, LCD, LED, and other rapidly growing industries, indicating a broad market potential for its specialty gases[92] - Market expansion plans include entering three new international markets by the end of 2020, which is anticipated to increase market share by 10%[192] - The company has completed a strategic acquisition of a competitor for 500 million, expected to enhance its product offerings and customer base[192] Operational Efficiency - The company has established a new distribution center in Shanghai to improve logistics efficiency and reduce delivery times by 20%[19] - The company operates under a sales-driven model, where production is aligned with sales demand[33] - The company has established a stable supply chain for raw materials through long-term agreements with major suppliers[34] - The company has adopted a production model based on "sales-driven production, order-driven, and reasonable inventory," ensuring timely supply to customers[38] - The company has implemented cost-cutting measures that are projected to save approximately 50 million annually, improving overall profitability[192] Risk Management - The company has identified key risks including market competition and regulatory changes, and has outlined strategies to mitigate these risks[5] - The company faces risks related to market competition, with major foreign competitors holding over 85% market share in the electronic gas sector[107] - The company faces risks related to core technology leakage and talent loss due to increasing competition in the industry[114] Shareholder and Compliance Matters - The company has no plans for dividend distribution in the current fiscal year, focusing instead on reinvestment for growth[7] - The company does not plan to distribute profits or increase capital reserves for the half-year period[144] - The company has committed to not transferring or managing shares for a specified period post-IPO, ensuring shareholder stability[148] - Major shareholders are required to notify the company of their intention to reduce holdings 3 trading days in advance, and the reduction must be completed within 6 months[159] - The company will ensure that any share reduction prices comply with market regulations and are not below the previous year's audited net asset value per share[159] Customer Acquisition and Marketing - The company has a robust customer acquisition strategy, including direct sales, customer referrals, and online advertising[39][40][42] - The company actively participates in industry exhibitions and conferences to promote its products and attract potential customers[41] - The company has established a flat marketing organization system, enhancing both operational efficiency and regulatory oversight[42] Patents and Intellectual Property - The company has applied for 7 new utility model patents and 1 design patent during the reporting period, with a total of 163 patents obtained as of June 30, 2020, including 36 invention patents[65] - The company holds 16 invention patents and 25 utility model patents related to ultra-pure ammonia purification technology, with additional patents pending[62] - The company holds a total of 163 patents, including 36 invention patents, with 7 new utility model patents and 1 design patent applied for during the reporting period[103] Industry Insights - The global industrial gas market size was approximately $122 billion in 2018, with a projected growth rate of 8% leading to an estimated size of $131.8 billion by 2019[46] - China's industrial gas market size reached 1350 billion yuan in 2018, with a compound annual growth rate of 16.05% from 2010 to 2018[49] - The domestic electronic gas market share increased from 3.8% to 25.0% from 2012 to 2016, indicating significant growth in the sector[55] - In 2018, the outsourcing rate of industrial gases in China was approximately 45%, expected to reach 57% by 2020, indicating significant growth potential compared to developed countries with an 80% outsourcing rate[58] - The industrial gas industry is considered a strategic support for national economic development, widely used across various sectors[46]