2021 年第一季度报告 公司代码：688199 公司简称：久日新材 天津久日新材料股份有限公司 2021 年第一季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 | | | 3 / 21 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 3,282,095,887.52 3,303,224,167.49 -0.64 归属于上市公司股 东的净资产 2,608,009,763.02 2,616,701,607.95 -0.33 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的现 金流量净额 3,347,151.62 52,880,520.92 -93.67 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 311,387,971.99 237,519,917.68 31.10 归属于上市公司股 东的净利润 38,244,937.96 22 ...

2020 年第三季度报告 公司代码：688199 公司简称：久日新材 天津久日新材料股份有限公司 2020 年第三季度报告 1 / 28 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 11 | 2020 年第三季度报告 一、 重要提示 2020 年第三季度报告 非经常性损益项目和金额 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 公司负责人赵国锋、主管会计工作负责人马秀玲及会计机构负责人（会计主管人员）马秀玲 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 3 / 28 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 3,181,915,878.65 2,973,634,4 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥482,639,508.26, a decrease of 38.82% compared to ¥788,922,755.56 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was ¥75,189,799.35, down 58.51% from ¥181,234,063.40 in the previous year[18]. - The basic earnings per share for the first half of 2020 was ¥0.68, a decrease of 69.23% from ¥2.21 in the same period last year[19]. - The net profit after deducting non-recurring gains and losses was ¥54,219,314.15, a decrease of 69.84% from ¥179,778,683.92 in the same period last year[18]. - Net profit attributable to shareholders decreased by 58.51% year-on-year, primarily due to a decrease in operating revenue[20]. - Basic and diluted earnings per share decreased by 69.23% year-on-year, reflecting the decline in net profit attributable to shareholders[20]. - Operating revenue decreased by 38.82% to ¥482,639,508.26 compared to ¥788,922,755.56 in the same period last year[91]. - Operating costs fell by 22.92% to ¥358,000,300.10 from ¥464,458,816.41 year-on-year[91]. Cash Flow and Investments - The net cash flow from operating activities increased by 122.58% to ¥95,338,608.76, compared to ¥42,833,423.23 in the same period last year[18]. - Cash and cash equivalents rose significantly by 708.64% to ¥786,843,698.41 from ¥97,304,095.98 year-on-year, primarily due to funds raised from the issuance of shares[97]. - The company reported a net cash inflow from investment activities of ¥450,954,031.39, a significant recovery from a net outflow of ¥57,846,797.10 in the previous year[92]. - The company's long-term equity investments increased by 615.97% to ¥13,821,982.53 from ¥1,930,521.41 in the same period last year[97]. - The company’s total liabilities decreased by 13.38% to ¥211,130,163.89 from ¥243,749,269.03 year-on-year[98]. Research and Development - Research and development expenses accounted for 3.59% of operating revenue, down 0.77 percentage points from 4.36% in the previous year[19]. - The total R&D investment for the period was approximately ¥17.33 million, accounting for 3.59% of the total revenue[51]. - The company has been committed to R&D innovation for over a decade, accumulating numerous patents and establishing a strong R&D capability[27]. - The company has developed over ten types of photoinitiators, including 184, TPO, 1173, and 907, and holds 52 patents, with 45 being invention patents[41]. - The company is focusing on expanding UV printing ink applications and improving product performance in various fields[53]. Market Position and Strategy - The company is the largest and most comprehensive supplier of photoinitiators in China, holding approximately 30% market share in the photoinitiator business[26]. - The company’s revenue model primarily relies on the sales of photoinitiator products and the margin between sales revenue and cost[30]. - The company is actively exploring new technologies and products, including UV LED technology and water-based UV curing materials, which are anticipated to expand market applications and reduce costs[44]. - The company is transitioning from a product-focused approach to providing comprehensive solutions, enhancing its influence and business stickiness with customers[65]. - The company is facing challenges in maintaining its competitive edge due to rapid market changes and increasing competition, necessitating ongoing innovation and adaptation[73]. Legal and Compliance Issues - The company is currently involved in a legal dispute with Caffaro, with potential liabilities amounting to approximately ¥48.98 million, which could impact financial performance[88]. - The company is involved in a legal dispute with Caffaro, claiming damages of €4.5961 million due to a breach of contract[151]. - Caffaro counterclaims for €6.0094 million, asserting that the company breached the contract first[152]. - The court ruled that both parties violated contractual obligations, leading to a dismissal of claims from both sides[152]. Environmental Responsibility - The company strictly adheres to national environmental protection laws and regulations, ensuring all pollutants are discharged according to relevant standards without penalties from environmental authorities[172]. - The company has achieved compliance in all monitored emission points, including VOCs and other hazardous substances[174]. - The company has not faced any penalties from environmental protection departments during the reporting period[173]. - The company is committed to ongoing improvements in pollution control and environmental management practices[172]. - All air pollution control facilities at Shandong Jiuri are operating normally and meeting standards, including 10 exhaust gas treatment systems with a 20m discharge stack[176]. Shareholder and Governance Matters - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for a period of 36 months from the date of listing[115]. - The company will ensure that any share reduction does not violate previously made commitments[118]. - The company will adhere to legal regulations to continuously improve its governance structure, ensuring that shareholders can fully exercise their rights[137]. - The company has outlined specific penalties for non-compliance with the stock buyback obligations[131]. - The company will publicly disclose reasons for not implementing stabilization measures if conditions are not met[128].

2020 年第一季度报告 公司代码：688199 公司简称：久日新材 天津久日新材料股份有限公司 2020 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度 末增减(%) | | --- | --- | --- | --- | | 总资产 | 3,018,072,259.17 | 2,973,634,427.79 | 1.49 | | 归属于上市公司股 | 2,693,797,291.42 | 2,667,259,789.70 | 0.99 | | 东的净资产 | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | 经营活动产生的现 | 52,880,520.92 | 11,957,112.26 | 342.25 | | 金流量净额 | | | | | | 年初至报告期末 | 上年初至上年报 ...

Dividend Policy - The company plans to distribute a cash dividend of RMB 10.00 per 10 shares (including tax) to all shareholders based on the total share capital on the equity registration date[5]. - In 2019, the company achieved a net profit of RMB 248,687,778.77, with a cash dividend payout ratio of 44.73%[165]. - The cash dividend policy emphasizes a stable and reasonable return to investors, prioritizing cash dividends when conditions are met[161]. - The company has established a profit distribution mechanism requiring board approval and shareholder voting for any dividend proposals[163]. - The company’s cumulative distributable profit must be positive and cash flow sufficient to support ongoing operations for cash dividends to be issued[162]. - In 2018, the cash dividend was RMB 15.00 per 10 shares, with a payout ratio of 71.13%[165]. - The company has not proposed a cash dividend plan for the reporting period despite positive profits, as no significant investment plans or cash expenditures are anticipated[166]. - The company’s independent directors can gather opinions from minority shareholders to propose dividend plans[164]. - The company ensures communication with minority shareholders through various channels to address their concerns regarding profit distribution[164]. - The company’s cash dividend policy may be adjusted based on external economic conditions or internal operational challenges, subject to shareholder approval[164]. Financial Performance - The company's operating revenue for 2019 was approximately ¥1.33 billion, representing a year-on-year increase of 32.80% compared to ¥1.01 billion in 2018[21]. - Net profit attributable to shareholders increased by 41.36% to approximately ¥248.69 million in 2019 from ¥175.93 million in 2018[21]. - The company achieved a total revenue of ¥1,334,866,139.24 in the reporting period, representing a year-on-year growth of 32.80%[72]. - The net profit for the year was ¥248,573,020.81, reflecting a year-on-year increase of 41.29%[72]. - The company's operating costs increased by 35.00% to ¥835,185,218.65, driven by the growth in revenue[96]. - Research and development expenses rose by 53.60% to ¥66,356,568.65, indicating a commitment to innovation[95]. - The gross profit margin for the main business was 37.44%, a decrease of 1.00 percentage points compared to the previous year[98]. - The production volume of photoinitiators increased by 25.45% to 12,815.81 tons, while sales volume rose by 27.22% to 14,097.17 tons[101]. Market Position and Products - The company holds approximately 30% market share in the photoinitiator business, making it the largest supplier in China with a global influence in the UV curing field[31]. - The company’s main products include various photoinitiators, which are widely used in industries such as wood coating, plastic products, and automotive parts[33]. - The photoinitiator market is supported by favorable industrial policies and a growing demand for environmentally friendly materials[39]. - The company’s products are positioned to meet the increasing global environmental standards and regulations, expanding their application range continuously[31]. - The company has developed over ten types of photoinitiators, including 184, TPO, 1173, 907, 369, DETX, and ITX, showcasing a comprehensive product line[42]. - The company has established three modern production bases in Hunan, Shandong, and Jiangsu to ensure supply stability and meet customer demand[36]. Research and Development - The company has accumulated numerous patents and non-patent technologies over more than ten years of focus on the photoinitiator field, demonstrating strong continuous R&D innovation capabilities[32]. - The company achieved a total R&D investment of ¥66,356,568.65, which accounts for 4.97% of its revenue[52]. - The number of R&D personnel is 164, representing 16.43% of the total workforce[53]. - The company applied for 8 new patents during the reporting period, including 7 invention patents and 1 utility model patent[50]. - The company received authorization for 7 new invention patents, enhancing its technological reserves in UV LED photoinitiators and photopolymerization technology[50]. - The company is focusing on advanced technologies such as UV LED, water-based UV curing materials, and macromolecular photoinitiators to meet market demands[45][46]. - The company is actively involved in the formulation of industry standards, having participated in the development of 7 industry standards related to photoinitiators[42]. Risk Management - The company emphasizes the importance of risk factors in its operations, which are detailed in the report[4]. - The company does not face any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has not violated decision-making procedures for external guarantees[6]. - The company acknowledges potential risks from macroeconomic factors, such as exchange rate fluctuations affecting its export revenues[81]. - The company is exposed to industry risks, including intensified competition and potential price declines due to new entrants in the photoinitiator market[80]. - The company has implemented measures to mitigate production risks, including establishing multiple production bases to ensure continuous supply[87]. Corporate Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing on the Shanghai Stock Exchange[167]. - After the lock-up period, the company will limit annual share transfers by directors and senior management to no more than 25% of their total shareholdings[168]. - The company will strictly follow the regulations set forth by the China Securities Regulatory Commission and the Shanghai Stock Exchange regarding share reductions[172]. - The company commits to timely disclose any changes in shareholding and comply with relevant laws and regulations regarding share reduction[174]. - The company will announce the implementation status of stock price stabilization measures within two trading days after completion[175]. - The company will take measures to ensure compliance with the stock price stabilization plan, including potential financial penalties for non-compliance[181]. Environmental Commitment - The company has made significant investments in environmental protection and compliance with regulations, which may increase operational costs[85]. - The company is focused on developing environmentally friendly and efficient photoinitiators to support air pollution prevention and industry upgrades[123]. - The company’s R&D efforts are concentrated on improving process technology to enhance yield, product quality, and safety while minimizing pollution[126]. Strategic Expansion - The company aims to enhance its competitive advantage by developing special photoinitiators and expanding its product line in the UV curing materials sector[155]. - The company plans to increase production capacity and develop new products, including large molecular photoinitiators and UV LED photoinitiators, to maintain its market leadership[156]. - The company will strengthen its marketing efforts and deepen channel construction to expand market influence and enhance brand recognition[157]. - The company aims to expand its sales channels and achieve sustainable revenue growth by enhancing long-term partnerships with key customers and improving its overseas sales system[187].