一、 主要财务数据 (一)主要会计数据和财务指标 2023 年第一季度报告 证券代码：688219 证券简称：会通股份 转债代码：118028 转债简称：会通转债 会通新材料股份有限公司 2023 年第一季度报告 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。 重要内容提示 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信 息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期 | | | --- | --- | --- | --- | | | | 增减变动幅度(%) | | | 营业收入 | 1,116,505,570.75 | | -12.22 | | 归属于上市公司股东的净利润 | 17,957,163.11 | | -42.37 | | 归属于上市公司股东 ...

2022 年第三季度报告 证券代码：688219 证券简称：会通股份 会通新材料股份有限公司 2022 年第三季度报告 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。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 期末比上年 | | | | 期增减变 | | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 1,323,912,213.26 | 10.65 | 3,770,117,4 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with a total revenue of 500 million yuan, representing a 20% year-over-year growth[1]. - The company's operating revenue for the first half of 2022 was ¥2,446,205,217.01, representing a 10.64% increase compared to ¥2,210,958,600.19 in the same period last year[19]. - The net profit attributable to shareholders decreased by 19.98% to ¥31,799,368.93 from ¥39,737,597.09 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 60.23% to ¥11,574,496.21 compared to ¥29,100,297.90 in the previous year[19]. - The basic earnings per share decreased by 22.22% to ¥0.07 from ¥0.09 year-on-year[20]. - The net cash flow from operating activities turned positive at ¥48,202,442.16, a significant improvement from a negative cash flow of ¥58,751,663.16 in the same period last year[19]. - The company reported a total revenue of 792,315,000.00 RMB, with a net profit of 96,228,400.77 RMB for the first half of 2022[47]. - The company reported a total of ¥20,299,257.38 in other income, significantly higher than ¥7,575,409.11 in the previous year[169]. - The company reported a total comprehensive income of ¥31,799,368.93 for the first half of 2022, compared to ¥31,517,958.70 in the same period last year[189]. Research and Development - The company is investing in R&D, with a budget increase of 30% to enhance product innovation and technology development[1]. - The R&D investment as a percentage of operating revenue increased to 3.93% from 3.60% in the previous year[20]. - Research and development (R&D) expenses amounted to ¥96,228,400.77, representing a 20.78% increase compared to ¥79,670,899.32 in the same period last year[40]. - The company achieved a total of 55 authorized patents and 30 patent applications during the reporting period, with a cumulative total of 161 patents[37]. - The company is focusing on attracting high-end talent to enhance its R&D capabilities, ensuring continuous innovation in polymer modified materials[37]. Market Expansion and Strategy - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 25%[1]. - Market expansion plans include entering two new regions, which are projected to increase market share by 10%[1]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[1]. - The company is focusing on expanding its market presence in the automotive and medical sectors through innovative material development[46]. - The company has established partnerships with numerous well-known domestic and international enterprises, enhancing its market recognition[31]. Sustainability Initiatives - The management highlighted a focus on sustainability initiatives, aiming to reduce operational costs by 15% through eco-friendly practices[1]. - The company has implemented measures to reduce carbon emissions, with approximately 11% of raw materials sourced from recycled materials, enhancing material recycling rates[106]. - The company has launched biodegradable modified materials PBAT and PLA, widely used in single-use consumer products and packaging[106]. - The company has committed to maintaining a strong focus on sustainability, with plans to reduce carbon emissions by 30% by 2025[112]. Risks and Challenges - The company has identified potential risks, but none are expected to have a substantial impact on operations in the near term[1]. - The company's accounts receivable as of June 30, 2022, amounted to 1.1738 billion yuan, indicating potential risks if downstream clients face financial difficulties[71]. - The company's inventory value as of June 30, 2022, was 684.16 million yuan, accounting for 12.62% of total assets, which poses a risk of impairment if sales do not meet expectations[72]. - The company's asset-liability ratio was 68.43% as of June 30, 2022, indicating a high level of debt which may lead to repayment risks[73]. Product Development and Innovation - The company has developed biodegradable materials that meet degradation performance requirements (relative biodegradation rate ≥ 90%), primarily used in food packaging and daily necessities[32]. - The company has successfully implemented a direct sales model, providing customized products and technical support directly to end-users[33]. - The company’s enhanced composite materials exhibit superior mechanical properties, primarily used in automotive and electronic sectors[32]. - The company is developing a high-performance, weather-resistant material for automotive applications, with a production capacity of 80.57 million units[43]. Financial Position and Investments - The total assets at the end of the reporting period were ¥5,419,398,239.01, reflecting a 5.09% increase from ¥5,156,838,332.22 at the end of the previous year[19]. - The company’s total liabilities rose to ¥3,708,463,970.98 from ¥3,459,221,870.46, indicating an increase of about 7.2%[160]. - The company has a total guarantee amount of 650 million RMB for its subsidiaries, with various guarantees set to expire between 2024 and 2032[127]. - The total amount of guarantees provided to subsidiaries during the reporting period was CNY 548,345,594.70[130]. Shareholder Information - The company reported a commitment not to reduce its stock holdings within six months from the date of the commitment letter issued on September 17, 2021[113]. - The company has a total of 140,571,428 restricted shares held by He Qianchang, which will become tradable on November 18, 2023[147]. - The largest shareholder, He Qianchang, held 140,571,428 shares, accounting for 30.61% of the total shares[144]. - The total number of ordinary shareholders as of the end of the reporting period was 8,931[142].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,271,992,025.78, representing a 22.44% increase compared to ¥1,038,900,985.14 in the same period last year[5] - The net profit attributable to shareholders was ¥31,161,204.81, an increase of 11.18% from ¥28,027,484.78 year-on-year[5] - The company's basic and diluted earnings per share were both ¥0.07, up 16.67% from ¥0.06 in the same period last year[6] - Net profit for Q1 2022 was ¥31,161,204.81, compared to ¥28,027,484.78 in Q1 2021, reflecting an increase of 7.6%[21] - Total operating revenue for Q1 2022 reached ¥1,271,992,025.78, a 22.4% increase from ¥1,038,900,985.14 in Q1 2021[19] Research and Development - R&D investment totaled ¥48,986,630.31, which is 26.56% higher than ¥38,706,961.46 in the previous year, accounting for 3.85% of operating revenue[6] - Research and development expenses for Q1 2022 were ¥48,986,630.31, up from ¥38,706,961.46 in Q1 2021, marking a 26.4% increase[20] Cash Flow and Management - The net cash flow from operating activities improved to -¥44,147,522.12, compared to -¥80,605,950.22 in the previous year, indicating better cash management[6] - Cash flow from operating activities in Q1 2022 was negative at ¥44,147,522.12, an improvement from negative ¥80,605,950.22 in Q1 2021[23] - The company reported a total cash inflow from operating activities of ¥1,185,203,045.59 in Q1 2022, compared to ¥878,583,143.06 in Q1 2021[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,352,548,516.93, reflecting a 3.80% increase from ¥5,156,838,332.22 at the end of the previous year[6] - Total current assets as of March 31, 2022, amounted to ¥3,215,942,069.50, an increase from ¥3,094,410,657.43 at the end of 2021[14] - Total liabilities as of Q1 2022 amounted to ¥3,623,770,850.36, compared to ¥3,459,221,870.46 in Q1 2021[20] - Total current liabilities were ¥3,371,435,563.19, an increase from ¥3,276,971,194.58 year-over-year[15] Shareholder Information - Total number of common shareholders at the end of the reporting period was 8,474[11] - The largest shareholder, He Qianchang, holds 140,571,428 shares, representing 30.61% of total shares[11] - The second-largest shareholder, Hefei Langrun Asset Management Co., Ltd., holds 87,202,734 shares, accounting for 18.99%[11] Government Subsidies and Other Income - The company received government subsidies amounting to ¥8,270,619.02, which are closely related to its normal business operations[9] Inventory and Receivables - The company reported a significant increase in other receivables by 73.87%, primarily due to increased deposits and guarantees[10] - Accounts receivable increased to ¥1,258,287,157.11 from ¥1,226,974,873.03 year-over-year[14] - Inventory rose to ¥686,675,085.19 compared to ¥609,105,998.73 at the end of 2021[15] Financing Activities - The net cash flow from financing activities decreased by 36.34%, mainly due to a reduction in cash received from borrowings[10] - Cash inflow from financing activities totaled $310.75 million, down from $482.65 million year-over-year[24] - The net cash flow from financing activities was $70.84 million, compared to $111.27 million in the same period last year[24] Dividend Payments - The company paid $18.28 million in dividends and interest, slightly up from $17.26 million in the same period last year[24]

Financial Performance - The proposed profit distribution plan for 2021 includes a cash dividend of 0.15 CNY per 10 shares, totaling 6,889,254.48 CNY, which accounts for 12.75% of the net profit attributable to shareholders [6]. - The company has not achieved profitability since its listing [4]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2021, representing a growth of 15% compared to the previous year [23]. - The company achieved operating revenue of CNY 4,900,932,921.19 in 2021, representing an 18.85% increase compared to 2020 [24]. - Net profit attributable to shareholders decreased by 70.34% to CNY 54,050,553.77, while the net profit after deducting non-recurring gains and losses fell by 89.46% to CNY 16,911,280.72 [24][26]. - Basic and diluted earnings per share dropped by 72.73% to CNY 0.12, with the earnings per share after deducting non-recurring gains and losses decreasing by 89.47% to CNY 0.04 [25][27]. - The company's gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies [23]. - The company reported a significant increase in revenue from niche markets, achieving CNY 66,643.22 million, which is a 64.50% increase compared to the previous year [112]. Operational Highlights - The company has outlined various operational risks and corresponding countermeasures in the report [4]. - The company has secured UL certification for its new product range, enhancing its market competitiveness and consumer trust [23]. - The company has successfully entered the supply chain of several domestic and international new energy vehicle manufacturers, achieving bulk supply during the reporting period [26]. - The company’s capacity expansion project in Anqing, with a planned capacity of 150,000 tons, commenced production in January 2022, significantly improving production capacity and customer response capabilities [39]. - The company is focusing on enhancing its supply chain stability and reliability, creating new opportunities in the modified plastics industry [69]. Research and Development - Investment in R&D increased by 25%, totaling 150 million RMB, focusing on innovative materials and sustainable technologies [23]. - The company achieved a total R&D investment of ¥192,865,849.96, representing a 14.22% increase compared to the previous year's ¥168,849,756.40 [79]. - The company obtained 16 new authorized invention patents during the reporting period, bringing the total to 62, enhancing its competitive edge in the industry [63]. - The company is actively promoting the use of PCR recyclable materials and spray-free materials in the home appliance sector, aligning with national carbon neutrality goals [61]. - The company is focusing on the development of biodegradable materials, which are gaining traction in the domestic market due to increasing environmental regulations [67]. Market Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 5% market share by the end of 2023 [23]. - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 1.32 billion RMB, driven by new product launches and market expansion strategies [23]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $300 million earmarked for potential deals [200]. - The company is strategically positioning itself in biodegradable materials and specialty engineering materials to align with national development trends [112]. Governance and Compliance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report [4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties [8]. - The company has implemented a comprehensive internal control system to enhance operational efficiency and risk management [96]. - The company maintained strict compliance with information disclosure regulations, ensuring timely and accurate reporting to protect shareholder interests [189]. - The company’s governance structure and practices were in compliance with relevant laws and regulations, with no significant discrepancies noted [192]. Customer Engagement - User data showed a 20% increase in active users, reaching 500,000 by the end of 2021, indicating strong market engagement [23]. - Customer satisfaction ratings improved to 90%, reflecting a 5% increase from the last quarter [200]. - The company has established deep collaborations with several well-known new energy vehicle manufacturers, contributing to rapid revenue growth in this segment [62]. Future Outlook - The forward-looking statements in the report carry risks due to uncertainties and do not constitute substantial commitments to investors [7]. - Overall, the company remains optimistic about future growth, driven by innovation and market expansion strategies [200]. - The company plans to enhance its R&D system by integrating cutting-edge research, application technology development, and basic research to drive technological innovation [178].

会通新材料股份有限公司 2021 年第三季度报告 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。 重要内容提示： 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、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 会通股份 2021 年第三季度报告 证券代码：688219 证券简称：会通股份 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 期增减变 | 年初至报告期末 | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 1,196,515,935.97 | 13.24 | 3,407,474,536.16 ...

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[13]. - The net profit attributable to shareholders for the same period was RMB 100 million, up 15% compared to the previous year[13]. - The company's operating revenue for the first half of the year reached ¥2,210,958,600.19, representing a year-on-year increase of 17.99%[20]. - Net profit attributable to shareholders decreased by 57.07% to ¥39,737,597.09 compared to the same period last year[23]. - The net profit after deducting non-recurring gains and losses fell by 65.37% to ¥29,100,297.90[20]. - Basic earnings per share decreased by 59.09% to ¥0.09, primarily due to the reduction in net profit and an increase in total shares[22]. - The company's total assets increased by 8.05% to ¥4,658,388,521.47 compared to the end of the previous year[20]. - The company's total liabilities increased to ¥1,691,290,098.71 as of June 30, 2021, compared to ¥1,349,121,218.73 at the end of 2020, marking an increase of 25.38%[184]. - The company's total assets reached ¥3,441,277,215.26 as of June 30, 2021, up from ¥3,126,026,229.59 at the end of 2020, reflecting a growth of 10.06%[184]. - The company's total equity attributable to shareholders was RMB 1,683,303,505.08, a slight decrease from RMB 1,689,494,271.19, reflecting a decline of about 0.66%[180]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[13]. - The company aims for a revenue growth target of 15% for the full year 2021, with a focus on increasing operational efficiency[13]. - The company is actively expanding its market presence and has developed a unique core technology system for modified plastics[30]. - The company is focused on enhancing product performance and expanding its market presence through innovative material solutions[51]. - The company is considering potential acquisitions to bolster its market position, with discussions ongoing regarding G potential targets[146]. - The company plans to continue expanding its market presence and exploring new investment opportunities[155]. Research and Development - The company has allocated RMB 20 million for R&D in advanced materials technology for the upcoming fiscal year[13]. - Research and development expenses accounted for 3.60% of operating revenue, down from 4.81% in the previous year[22]. - The company has established a "make-to-order" production model based on customer orders, ensuring tailored product formulations to meet specific performance requirements[40]. - The company has achieved a total R&D investment of ¥79,670,899.32, a decrease of 11.69% compared to the previous period's ¥90,216,654.13[56]. - The company obtained 11 authorized invention patents and filed 22 new invention patent applications during the reporting period, bringing the total number of authorized patents to 101[54]. - The company has developed low-emission materials for automotive interior applications, with a focus on high-performance and flame-retardant properties[61]. Product Development and Innovation - New product development includes a line of eco-friendly materials, expected to launch in Q4 2021, projected to contribute an additional RMB 50 million in revenue[13]. - The company has developed spray-free materials that offer high gloss and scratch resistance, applicable in automotive and home appliance industries, providing a cost-effective and environmentally friendly alternative to traditional spray coatings[35]. - The company produces high-stability flame-retardant materials, including halogen-free and halogen-containing types, primarily used in home appliances, communications, and automotive sectors[33]. - The company has developed a low-emission stabilizer system that significantly reduces the generation of organic small molecules during processing, achieving a substantial decrease in TVOC and haze levels[48]. - The company has developed a new fire-retardant material that has reached the verification stage, with a total investment of $3,421 million and $384.18 million in the current period[59]. Financial Health and Risks - The company's accounts receivable for the first half of 2021 amounted to 996.61 million yuan, highlighting potential risks in cash flow if customer financial conditions deteriorate[84]. - The company's inventory value as of June 2021 was 564.06 million yuan, representing 12.11% of total assets, indicating a need for effective inventory management[85]. - The company's asset-liability ratio was 63.87% in the first half of 2021, reflecting a high level of financial leverage and associated repayment risks[87]. - The net cash flow from operating activities was negative 58.75 million yuan in the first half of 2021, raising concerns about liquidity and operational sustainability[89]. - The company's direct material costs accounted for over 90% of production costs, with a 5% increase in raw material prices expected to impact main business costs by 3 to 4 percentage points[83]. Environmental Compliance - The company is recognized as a key pollutant discharge unit by Hefei Ecological Environment Bureau, focusing on environmental protection compliance[119]. - Major pollutants include non-methane total hydrocarbons and particulate matter, with emissions standards of ≤60 mg/m³ and ≤20 mg/m³ respectively, all meeting regulatory requirements[119]. - Wastewater treatment complies with standards for chemical oxygen demand (≤350 mg/L), ammonia nitrogen (≤35 mg/L), and suspended solids (≤250 mg/L), achieving compliance[119]. - The company has established an emergency response plan for environmental incidents, filed with the Hefei High-tech Zone Ecological Environment Bureau[122]. - The company continues to prioritize environmental compliance in its operational strategies and project developments[120]. Shareholder and Governance - The company has committed to not transferring or entrusting the management of shares held before the IPO for 12 months post-listing[137]. - Major shareholders are restricted from transferring shares for 36 months following the completion of capital increase registration[138]. - The company has outlined specific commitments regarding share transfers and management for both individual and institutional shareholders[137]. - There are no reported failures in fulfilling the commitments made by the controlling shareholders and major investors[137]. - The company has established clear guidelines for the handling of dividends and stock splits in relation to the issue price[137].

Financial Performance - Operating revenue for the period reached CNY 1,038,900,985.14, a 61.14% increase year-on-year[6] - Net profit attributable to shareholders was CNY 28,027,484.78, a significant recovery from a loss of CNY 2,361,135.86 in the same period last year[6] - Basic earnings per share increased to CNY 0.06 from a loss of CNY 0.01 in the previous year[6] - The company reported a significant increase in investment income, with a loss of -¥1,722,133.91 compared to -¥171,586.00 in the previous year, attributed to increased discount business[15] - Net profit for Q1 2021 was ¥28,027,484.78, compared to a net loss of ¥2,361,135.86 in Q1 2020, marking a turnaround[28] - The total comprehensive income for Q1 2021 was ¥15,171,764.84, a significant recovery from a loss of ¥692,563.48 in the same period last year[30] Assets and Liabilities - Total assets increased by 6.00% to CNY 4,569,870,356.82 compared to the end of the previous year[6] - Total current assets increased to ¥2,924,590,994.16 as of March 31, 2021, up from ¥2,716,316,883.74 on December 31, 2020, representing a growth of approximately 7.67%[19] - Total liabilities reached ¥2,852,348,600.85, up from ¥2,621,777,577.20, reflecting an increase of about 8.8%[21] - Non-current assets totaled ¥1,645,279,362.66, up from ¥1,594,954,964.65, showing an increase of about 3.1%[20] - The company's total liabilities increased to ¥1,632,356,305.16 in Q1 2021 from ¥1,349,121,218.73 in Q1 2020, reflecting a growth of 20.9%[27] Cash Flow - The net cash flow from operating activities was negative at CNY -80,605,950.22, an improvement from CNY -160,321,004.68 in the previous year[6] - Operating cash inflow for Q1 2021 was ¥878,583,143.06, up from ¥632,555,532.29 in Q1 2020, indicating a 39% increase year-over-year[32] - The company experienced a net cash outflow from operating activities of ¥80,605,950.22 in Q1 2021, an improvement from a net outflow of ¥160,321,004.68 in Q1 2020[32] - The net cash flow from financing activities was positive at ¥111,268,318.22 in Q1 2021, compared to a modest gain of ¥16,261,787.16 in Q1 2020[33] - The company received ¥482,653,003.34 in cash from borrowings in Q1 2021, up from ¥249,000,000.00 in Q1 2020, indicating increased financing activity[33] Shareholder Information - The number of shareholders reached 8,658, with the top ten shareholders holding a significant portion of shares[12] - The largest shareholder, He Qianchang, holds 30.61% of the shares, totaling 140,571,428 shares[12] Expenses - Research and development expenses accounted for 3.73% of operating revenue, down from 4.86%[8] - Operating costs increased by 63.25% to ¥903,136,561.96 from ¥553,217,000.49, primarily due to the rise in revenue[15] - The income tax expense for the period was ¥273,568.96, an increase of 87.59% compared to ¥145,831.75, reflecting the growth in performance[15] - Sales expenses increased by 32.75% to ¥28,524,383.19, mainly due to higher logistics costs[15] - Research and development expenses for Q1 2021 were ¥38,706,961.46, up 23.6% from ¥31,345,026.39 in Q1 2020[27]

Financial Performance - The company achieved operating revenue of 4,123.75 million yuan, a year-on-year increase of 2.29%[88]. - The net profit attributable to the parent company was 182.21 million yuan, representing a year-on-year growth of 67.38%[88]. - Total assets at the end of the reporting period were 4,311.72 million yuan, up 2.02% from the beginning of the year[88]. - The equity attributable to the parent company increased by 43.24% to 1,689.49 million yuan[88]. - The company's operating revenue for 2020 was approximately CNY 4.12 billion, representing a year-on-year increase of 2.29% compared to CNY 4.03 billion in 2019[22]. - The net profit attributable to shareholders for 2020 was approximately CNY 182.21 million, a significant increase of 67.38% from CNY 108.86 million in 2019[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 160.46 million, up 60.72% from CNY 99.83 million in 2019[22]. - The basic earnings per share for 2020 was CNY 0.44, reflecting a 46.67% increase from CNY 0.30 in 2019[23]. - The weighted average return on equity for 2020 was 14.04%, an increase of 3.60 percentage points from 10.44% in 2019[24]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 45,928,363.20, which accounts for 25.21% of the net profit attributable to shareholders for the year[5]. - The proposed cash dividend for 2020 is RMB 1.00 per 10 shares, totaling approximately RMB 45,928,363.20, which represents 25.21% of the net profit attributable to shareholders[176][177]. - The cash dividend payout ratio for 2020 is below 30% due to the company's focus on rapid development and market expansion[177]. - The company has implemented a clear and compliant dividend distribution policy, ensuring the protection of minority shareholders' rights[178]. - The company will not conduct capital reserve transfers or issue bonus shares for the 2020 profit distribution[176]. Audit and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - The company has no non-standard audit opinions from the accounting firm[188]. - The company has no major litigation or arbitration matters in the current year[190]. - There are no significant accounting errors or corrections reported for the current year[188]. - The company has no outstanding issues regarding the occupation of funds or collection progress[187]. Risk Management - The company has identified and described various risks in the report, urging investors to pay attention to these factors[4]. - The company’s future plans and development strategies involve uncertainties, and investors are advised to be cautious regarding investment risks[6]. - The company plans to enhance its internal control systems and risk management mechanisms to improve overall governance and operational efficiency[173]. Research and Development - The company achieved a total R&D investment of ¥168,849,756.40 in 2020, a slight increase of 0.06% compared to ¥168,744,497.95 in the previous year[68]. - R&D investment accounted for 4.09% of total revenue, a decrease of 0.10 percentage points from 4.19% in the previous year[68]. - The company holds a total of 84 patents, including 46 authorized invention patents and 38 utility model patents[89]. - The company has applied for a total of 87 patents during the reporting period, indicating a strong focus on innovation[66]. - The company is developing a new generation of antibacterial materials, currently in the small-scale testing phase, with a total investment of RMB 3,520.00 million and a cumulative investment of RMB 1,048.06 million[73]. Market Position and Strategy - The company is one of the largest modified plastics enterprises in China, focusing on R&D, production, and sales of high-performance materials[34]. - The modified plastics industry in China has significant growth potential, with expanding applications in various sectors, including aerospace and military[44]. - The company aims to leverage national strategies such as domestic circulation and carbon neutrality to drive sustainable growth over the next three to five years, focusing on technological innovation and market expansion[166]. - The company will actively pursue customer development, aiming to increase market share in existing sectors while expanding into emerging markets like smart home appliances and new energy vehicles[170]. Production and Operations - The company has three production bases in Anhui, Guangdong, and Chongqing, forming a nationwide delivery network[83]. - The company has a design capacity of 218,000 tons at the Hefei base, with a capacity utilization rate of 82.82%[155]. - The Chongqing base has a design capacity of 42,000 tons and a capacity utilization rate of 92.77%, with an additional 10,000 tons under construction expected to be completed by June 2021[155]. - The company has added 2 production lines at the Hefei and Chongqing bases, which is expected to increase annual capacity by 12,000 tons[156]. Financial Health - The company's asset-liability ratios for 2018-2020 were 72.63%, 72.09%, and 60.81%, indicating a high level of financial leverage[101]. - The company raised net funds of RMB 327,821,400 through its listing on the Sci-Tech Innovation Board on November 18, 2020[93]. - The company reported a net cash outflow from operating activities of RMB 88,300,710.36, a decline of 119.16% compared to the previous year[110]. - The financing activities generated a net cash inflow of RMB 241,957,230.92, an increase of 379.64% year-on-year due to the successful issuance of new shares[110]. Customer and Supplier Relationships - The company has established long-term stable partnerships with major clients in the home appliance sector, including Midea, TCL, and Philips, and has expanded its client base to emerging brands like Xiaomi and Bear Electric[49]. - The company is a supplier to well-known automotive manufacturers such as BYD and Great Wall Motors, with its products integrated into the supply chains of SAIC Volkswagen and FAW Volkswagen[49]. - The top five customers accounted for 38.67% of total sales, with the largest customer contributing ¥121,757.86 million, or 29.52%[119]. - The top five suppliers represented 29.35% of total purchases, with the largest supplier accounting for ¥48,565.84 million, or 15.17%[122]. Corporate Governance - The company has no major issues related to the integrity of its controlling shareholders or actual controllers during the reporting period[190]. - The company has adhered to commitments regarding share repurchase and price stabilization measures[186]. - The company has received approval for the 2020 profit distribution plan from the board and supervisory committee, pending shareholder meeting approval[177].