2022 年第一季度报告 证券代码：688268 证券简称：华特气体 广东华特气体股份有限公司 2022 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。 公司负责人石平湘、主管会计工作负责人陈丽萍及会计机构负责人（会计主管人员）郭湛泉保证 季度报告中财务报表信息的真实、准确、完整。 第一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 ...

Financial Performance - The net profit attributable to shareholders for 2021 was CNY 129,320,325.37, with a cash dividend distribution of CNY 42,000,000, representing 32.48% of the net profit[8]. - The company reported a revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-over-year growth of 15%[22]. - The company's operating revenue for 2021 was CNY 1,347,263,352.94, representing a year-on-year increase of 34.78% compared to CNY 999,588,425.31 in 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 129,320,325.37, which is a 21.46% increase from CNY 106,471,322.73 in 2020[31]. - The net profit after deducting non-recurring gains and losses was CNY 111,503,840.39, reflecting a growth of 28.47% from CNY 86,793,256.33 in the previous year[31]. - The company's cash flow from operating activities decreased by 85.92% to CNY 15,161,641.51, primarily due to increased inventory to stabilize sales amid significant fluctuations in raw material supply[31]. - The total assets at the end of 2021 were CNY 1,765,189,343.88, a 19.03% increase from CNY 1,483,036,234.21 in 2020[33]. - The net assets attributable to shareholders increased by 8.56% to CNY 1,382,076,910.34 from CNY 1,273,118,521.59 in 2020[33]. - The basic earnings per share for 2021 was CNY 1.08, up 21.35% from CNY 0.89 in 2020[33]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 3.50 per 10 shares (including tax) to all shareholders[8]. - The board of directors has approved the profit distribution plan, which will be submitted to the annual general meeting for approval[8]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[12]. - The company has not violated decision-making procedures for external guarantees[12]. - The company has not experienced any changes in the governance structure that would affect the accuracy of the annual report[12]. - The company has not reported any instances of more than half of the directors being unable to guarantee the authenticity of the annual report[12]. Market and Growth Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by 2023[22]. - New product lines, including high-purity specialty gases, are expected to contribute an additional RMB 300 million in revenue in 2022[22]. - The company aims to achieve a net profit margin of 10% by the end of 2022, up from 8% in 2021[22]. - A strategic partnership with a leading semiconductor manufacturer is expected to enhance product offerings and drive sales growth[22]. - The company is committed to sustainability, with plans to reduce carbon emissions by 15% over the next three years[22]. Research and Development - The company is investing RMB 100 million in R&D for new technologies related to gas purification and separation processes[22]. - Research and development expenses accounted for 3.50% of operating revenue, an increase of 0.46 percentage points from 3.04% in 2020[33]. - The company has several ongoing R&D projects, including the development of high-purity sulfur dioxide and hexafluorobutadiene, with investments of ¥3 million and ¥5.4 million respectively[102]. - The company has made significant progress in R&D, with projects achieving up to 99.999% purity and entering the scale production phase[102]. - The company has received 20 new patents during the reporting period, contributing to its innovation capabilities[94]. Industry Trends and Competition - The global electronic specialty gases market was approximately $6.25 billion in 2021, growing over 7% from 2020, driven by demand in computing and automotive electronics[71]. - The electronic specialty gases market in China is expected to grow rapidly, with domestic companies currently having sales scales not exceeding 1 billion RMB in the semiconductor sector[71]. - The competition in the specialty gas industry is shifting towards comprehensive service capabilities, with customers seeking customized solutions and long-term partnerships[74]. - The semiconductor industry is experiencing rapid technological changes, increasing the demand for high-purity specialty gases, with purity requirements reaching up to 7N[75]. Supply Chain and Logistics - The company has established a logistics center in Foshan and subsidiaries in Shenzhen, Zhongshan, and Jiangmen, completing the warehousing layout in the Pearl River Delta region[68]. - The company owns over 100 transportation vehicles, enabling one-day delivery within a 200 km radius, supplemented by third-party logistics agreements[69]. - The company has established a rigorous supplier management system to ensure stable procurement sources and quality, evaluating suppliers based on multiple criteria including operational qualifications and service capabilities[61]. Risks and Challenges - The company faces risks related to technological obsolescence and competition, which could impact market share and user scale if R&D capabilities do not keep pace with customer demands[138]. - The company is exposed to product quality risks, as even minor fluctuations in gas purity can adversely affect high-value production lines in the semiconductor and display panel industries[139]. - The company is subject to financial risks, particularly exchange rate fluctuations, as its import and export transactions are primarily settled in USD[143]. - The company operates in a highly competitive industry dominated by major players, with the top four companies holding approximately 70% of the global market share, posing challenges for growth[146].

Revenue and Profitability - Revenue for Q3 2021 reached ¥347,495,336.52, an increase of 32.94% compared to the same period last year[7] - Net profit attributable to shareholders was ¥37,155,670.34, reflecting an 18.94% year-over-year increase[7] - Year-to-date revenue totaled ¥994,912,958.07, up 45.57% from the previous year[7] - Basic earnings per share for Q3 2021 were ¥0.31, compared to ¥0.05 in the same period last year[10] - Operating profit for Q3 2021 was ¥119,353,719.82, up 34.5% from ¥88,696,329.26 in Q3 2020[39] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥103,023,298.39, compared to ¥74,069,748.15 in Q3 2020, representing an increase of 39.2%[39] - The net profit excluding non-recurring gains and losses for the year-to-date period was ¥91,508,801.55, up 33.00% year-over-year[7] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,610,087,776.51, an increase of 8.57% from the end of the previous year[10] - As of September 30, 2021, the total assets of the company amounted to RMB 1,610,087,776.51, an increase from RMB 1,483,036,234.21 at the end of 2020, representing a growth of approximately 8.6%[28] - The company's current assets decreased to RMB 958,641,647.77 from RMB 1,075,946,608.65, reflecting a decline of about 10.9%[32] - The company's total liabilities rose to RMB 262,637,895.25 from RMB 209,531,115.08, marking an increase of around 25.4%[35] - The total liabilities reached 209,531,115.08 RMB, compared to 227,641,403.85 RMB previously, indicating a reduction[51] Cash Flow - The company reported a negative cash flow from operating activities of ¥17,504,699.49 for the year-to-date period, a decline of 126.83%[10] - Cash flow from operating activities for the first three quarters of 2021 was negative at -¥17,504,699.49, compared to a positive cash flow of ¥65,236,801.78 in the same period of 2020[44] - The company generated cash inflows from operating activities totaling ¥911,229,669.85 in the first three quarters of 2021, compared to ¥633,884,519.35 in the same period of 2020[44] - The net cash flow from investing activities was -288,636,457.10 RMB, a decrease from -370,203,319.63 RMB in the previous period[46] - The company reported a net increase in cash and cash equivalents of -329,922,962.53 RMB, compared to -358,832,562.07 RMB previously[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,039[16] - The company has a significant shareholder structure, with the largest shareholder holding 36.72% of the shares, indicating a concentrated ownership[23] - Total equity attributable to shareholders of the parent company reached RMB 1,343,564,843.77, up from RMB 1,273,118,521.59, indicating an increase of approximately 5.5%[35] Research and Development - Research and development expenses amounted to ¥11,137,686.93, representing 3.21% of revenue, a decrease of 0.02 percentage points year-over-year[10] - Research and development expenses for the first three quarters of 2021 amounted to ¥29,547,977.16, an increase of 32.4% from ¥22,331,624.67 in the same period of 2020[38] Inventory and Receivables - The inventory increased to RMB 198,011,038.37, up from RMB 147,316,681.28, indicating a growth of approximately 34.4%[32] - The company reported a significant increase in accounts receivable, which rose to RMB 269,426,189.15 from RMB 196,732,411.17, reflecting a growth of about 36.8%[28] Financial Health - The company has a total equity of approximately $1.27 billion, which is crucial for assessing financial health[54] - Total liabilities and equity stood at approximately $1.48 billion, showing the company's overall financial structure[54] - The financial data reflects a solid foundation for future expansion and strategic initiatives[54]

Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 647,417,621.55, representing a 53.40% increase compared to RMB 422,051,394.11 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was RMB 65,867,628.05, up 53.79% from RMB 42,830,035.69 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 58,481,911.94, reflecting a 44.74% increase from RMB 40,405,782.40 year-on-year[28]. - The net cash flow from operating activities was RMB 12,482,602.32, a decrease of 69.54% compared to RMB 40,981,684.95 in the same period last year[28]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were RMB 1,305,532,132.03, an increase of 2.55% from RMB 1,273,118,521.59 at the end of the previous year[28]. - Total assets amounted to RMB 1,579,570,744.98, which is a 6.51% increase from RMB 1,483,036,234.21 at the end of the previous year[28]. - Basic earnings per share for the first half of 2021 were RMB 0.55, up 52.78% from RMB 0.36 in the same period last year[29]. - Diluted earnings per share also stood at RMB 0.55, reflecting a 52.78% increase compared to RMB 0.36 year-on-year[29]. Research and Development - Research and development (R&D) expenses as a percentage of operating revenue decreased by 0.45 percentage points to 2.84%[32]. - The company focuses on the research and development of specialty gases, particularly for the semiconductor materials sector, to enhance its market position[36]. - The company invested 18.41 million yuan in R&D, an increase of 32.53%, with 40 ongoing research projects[124]. - The number of R&D personnel increased to 87, accounting for 8.66% of the total workforce, with an average salary of 94,404.00 RMB[105]. - The company has established a strong R&D advantage, mastering key technologies across the entire process of specialty gas production, storage, detection, and application services[107]. Market Expansion and Strategy - The company is actively expanding into healthcare and food industries, promoting rapid development in these sectors[39]. - The company aims to provide comprehensive gas application solutions globally, leveraging its core business in specialty gas research, production, and sales[35]. - The company plans to continue increasing its market share in the semiconductor materials industry through ongoing R&D efforts[36]. - The company has established two wholly-owned subsidiaries and one joint venture in East and South China to expand its market presence[123]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[197]. Environmental Compliance - The company strictly adheres to national environmental regulations, ensuring effective operation of wastewater treatment facilities and compliance with emissions standards[174]. - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties related to environmental issues[174]. - The company has implemented effective noise reduction measures in production areas to comply with environmental standards[174]. - The company has a plan to manage hazardous waste through qualified third-party services, ensuring proper disposal[174]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring the integrity of the report[6]. - The report period's financial statements have not been audited, but management guarantees their accuracy and completeness[6]. - The company has not disclosed any special arrangements in corporate governance during the reporting period[9]. - The company held three shareholder meetings during the reporting period, with all resolutions passed without any being rejected[162]. - The company appointed a new board of directors on June 21, 2021, with key positions filled including Chairman and General Manager[166]. Risk Management - The company has detailed risk descriptions in the report, highlighting potential challenges[5]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[8]. - The company emphasizes the importance of investment risk awareness for investors[8]. - There are no non-operational fund occupations by controlling shareholders or related parties[9]. - The company does not have any violations in decision-making procedures for external guarantees[10]. Acquisitions and Investments - The company made a significant equity investment by acquiring 100% of Dongguan Gaon Industrial Gas Co., Ltd. for a total investment of RMB 107.49 million in February 2021[156]. - The company also acquired a 20% stake in CNOOC Wantong Clean Energy (Zhuhai) Co., Ltd. with a total investment of RMB 4.492 million in January 2021[156]. - The company is actively pursuing mergers and acquisitions to enhance its competitive edge and increase market share in the domestic market[70]. Product Development - The company is focused on developing new technologies and products to replace imports, particularly in the semiconductor industry[86]. - The company has established core technologies in gas purification, mixing, cylinder treatment, and analysis detection, all derived from independent research and development[76]. - The company has successfully certified high-purity ammonia products for the 8-inch production line of Shanghai Jita during the reporting period[79]. - The company is developing a gas alarm standard gas production line aiming to achieve domestic leading levels in the production of mixed gases for combustible gas leak detection[28]. Financial Outlook - The company provided a future outlook with a revenue guidance of 1.8 billion for the next quarter, indicating a growth of 12%[198]. - New product launches are expected to contribute an additional 300 million in revenue over the next year[199]. - The company aims to reduce operational costs by 5% through efficiency improvements in the next fiscal year[198]. - A commitment was made to uphold shareholder interests, with a promise to maintain dividend payouts despite market fluctuations[197].

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 106,471,322.73, with a cash dividend distribution of CNY 36,000,000, representing 33.81% of the net profit[8]. - The company's operating revenue for 2020 was RMB 999,588,425.31, representing an increase of 18.44% compared to RMB 843,990,066.84 in 2019[32]. - The net profit attributable to shareholders for 2020 was RMB 106,471,322.73, a 46.67% increase from RMB 72,594,659.69 in 2019[32]. - The net cash flow from operating activities for 2020 was RMB 107,649,491.51, an increase of 45.20% compared to RMB 74,139,331.83 in 2019[32]. - As of the end of 2020, the net assets attributable to shareholders were RMB 1,273,118,521.59, a 6.49% increase from RMB 1,195,574,996.33 at the end of 2019[32]. - Total assets increased by 4.39% year-on-year to CNY 1,483,036,234.21[35]. - The gross margin for specialty gases decreased by 9.03 percentage points to 30.97% due to rising costs[137]. - The company achieved a revenue of ¥999,588,425.31 in 2020, representing a year-on-year growth of 18.44%, while the net profit attributable to shareholders increased by 46.67% to ¥106,471,322.73[115]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 3.00 per 10 shares (including tax) to all shareholders[8]. - The profit distribution proposal has been approved by the board and will be submitted to the annual general meeting for further approval[8]. - The company’s profit distribution policy emphasizes stable returns to investors while considering long-term sustainable development[179]. - In 2020, the company distributed a cash dividend of 3.00 CNY per 10 shares, totaling 36,000,000 CNY, which accounted for 33.81% of the net profit attributable to ordinary shareholders[186]. - In 2019, the cash dividend was 2.50 CNY per 10 shares, amounting to 30,000,000 CNY, representing 41.33% of the net profit attributable to ordinary shareholders[186]. - In 2018, the cash dividend was 2.26 CNY per 10 shares, totaling 20,360,000 CNY, which was 30.31% of the net profit attributable to ordinary shareholders[186]. Research and Development - R&D investment totaled ¥30,368,644.27, an increase of 19.34% compared to the previous year, with R&D expenses accounting for 3.04% of operating revenue[85]. - The number of R&D personnel increased to 90, accounting for 9.76% of the total workforce, with an average salary of 131,749.29 RMB[106]. - The company has established 38 ongoing R&D projects, including 13 for import substitution and 1 to fill a global technology gap[123]. - The company has developed and certified over 20 products for import substitution, including high-purity trifluoromethane and high-purity carbon dioxide, with 131 patents granted[68]. - The company is currently in the certification phase for high-purity trifluoromethane with major clients such as Yangtze Memory Technologies and Zhongtian Technology[80]. Market Position and Strategy - The company focuses on the R&D, production, and sales of specialty gases, catering to global markets with comprehensive gas application solutions[45]. - The company has established a strong presence in the semiconductor market, with over 60% market share in domestic hexafluoropropylene and more than 80% coverage of 8-inch and above semiconductor clients[116]. - The company is actively expanding into healthcare and food industries, aligning with the upgrading of consumer goods markets in China[51]. - The company aims to enhance its market position in the domestic semiconductor materials industry through continuous R&D in specialty gases[49]. - The company has entered the supply chain of leading global semiconductor firms such as Intel, Micron, and TSMC, with some products already supplied to 5nm process lines[70]. Operational Efficiency - The company emphasizes supplier management to ensure stable procurement of gas raw materials and equipment, conducting regular evaluations based on multiple criteria[54]. - The production model is based on "sales-driven production," where production plans are formulated according to sales contracts and historical sales data[55]. - The company utilizes both cylinder and tank truck delivery methods, with the cylinder model being more common for specialty gases due to their high value and diverse types[57]. - The company has established a logistics center in Foshan and subsidiaries in Shenzhen, Zhongshan, and Jiangmen, completing the warehousing layout in the Pearl River Delta region[60]. - The company maintains a strong competitive edge in the specialty gas sector, with comprehensive service capabilities and rapid supply chain response[109]. Risks and Challenges - The company faces risks related to core competitiveness, including rapid technological changes and increased competition, which could impact market share and user scale[125]. - The ongoing public health events have introduced uncertainties that may affect the company's performance and market demand in 2021[134]. - Operating costs increased by 35.66% to ¥739,944,438.84 from ¥545,423,993.26, leading to a significant impact on profit margins[136]. - Financial expenses surged by 224.66% to ¥1,627,986.68, reflecting increased borrowing costs[136]. Future Outlook - The domestic special gas market is expected to grow at a rate of over 15% in the coming years, driven by technological advancements and policy support[174]. - The company plans to expand its market presence and enhance product offerings in response to growing demand in various sectors[143]. - The company aims to promote the localization of special gases to reduce reliance on imports, supported by national policies and technological breakthroughs[174]. - The company plans to increase R&D investment in high-end semiconductor chemicals, including precursors and ammonia water[177].

Financial Performance - Operating revenue rose by 55.11% to CNY 293,431,017.45 year-on-year[12] - Net profit attributable to shareholders increased by 67.99% to CNY 27,759,754.25 compared to the same period last year[12] - Basic earnings per share increased by 64.29% to CNY 0.23[15] - The company's operating revenue for Q1 2021 was RMB 293,431,017.45, representing a 55.11% increase compared to RMB 189,178,576.14 in Q1 2020, primarily due to significant growth in specialty gases, particularly hydrides and nitrogen oxides[21] - Net profit for Q1 2021 was ¥27,708,496.41, representing a 67.5% increase compared to ¥16,525,038.60 in Q1 2020[44] - The total comprehensive income for Q1 2021 was ¥29,189,027.15, an increase from ¥15,794,033.36 in Q1 2020[44] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -16,322,077.73, compared to CNY -4,466,850.89 in the previous year[12] - The total cash and cash equivalents decreased by 63.99% to RMB 192,221,666.12 as of March 31, 2021, down from RMB 533,837,708.66 at the end of 2020, primarily due to idle funds being used for bank financial products[24] - Cash inflow from operating activities for Q1 2021 was CNY 179,599,515.85, an increase from CNY 148,024,413.66 in Q1 2020, representing a growth of approximately 21.3%[56] - Net cash flow from operating activities was negative CNY 26,840,333.84 in Q1 2021, worsening from negative CNY 12,354,958.22 in Q1 2020[56] - Cash and cash equivalents at the end of Q1 2021 were CNY 87,387,192.26, down from CNY 405,539,174.53 at the end of Q1 2020, a decrease of approximately 78.5%[60] Assets and Liabilities - Total assets increased by 5.17% to CNY 1,559,772,391.06 compared to the end of the previous year[12] - The company's total assets as of March 31, 2021, were RMB 1,028,189,139.55, compared to RMB 1,075,946,608.65 at the end of 2020, indicating a decrease in total assets[29] - Total liabilities amounted to CNY 257,042,019.81, up from CNY 209,531,115.08, representing a growth of 22.7%[34] - Current liabilities increased to CNY 223,101,749.71, compared to CNY 199,178,906.70, marking a rise of 12.0%[32] - The company's goodwill surged to CNY 69,531,510.83 from CNY 784,236.13, indicating a substantial increase of 8,748.5%[32] Shareholder Information - The total number of shareholders reached 10,015 by the end of the reporting period[16] - The top ten shareholders held a significant portion of shares, with the largest shareholder owning 22.2%[16] Research and Development - R&D investment accounted for 2.97% of operating revenue, a slight increase from 2.93%[15] - Research and development expenses increased by 56.97% to RMB 8,707,396.48 in Q1 2021 from RMB 5,547,064.99 in Q1 2020, reflecting increased investment in R&D projects[23] Other Financial Metrics - The weighted average return on net assets increased by 0.75 percentage points to 2.16%[12] - The company reported a government subsidy of CNY 2,626,829.82 related to normal business operations[15] - The company reported a significant increase in trading financial assets, which rose by 284.27% to RMB 319,515,747.62 from RMB 83,148,783.99 year-over-year, reflecting a strategic shift in asset management[24]

Financial Performance - Operating revenue for the first nine months was CNY 683,452,660.68, representing a year-on-year increase of 12.36%[18] - Net profit attributable to shareholders of the listed company was CNY 74,069,748.15, up 15.15% from the previous year[18] - The company reported a significant increase in investment income, which rose by 166.24% to RMB 6,146,940.70 from RMB 2,308,766.82, due to the approval of part of the raised funds for structured deposits[34] - The company reported a decrease in employee compensation payable to ¥14,174,347.81 from ¥15,293,868.08, a decline of about 7.3%[48] - The net profit for the first three quarters of 2020 was ¥219,114,766.01, compared to ¥174,129,547.12 in the same period of 2019, reflecting a growth of 25.8%[53] - The total profit for Q3 2020 was approximately ¥54.41 million, up from ¥16.45 million in the same period last year, reflecting a growth of about 230.5%[67] - The total comprehensive income for the first three quarters of 2020 was CNY 77,028,931.15, compared to CNY 48,649,499.92 in the same period of 2019, representing a significant increase[69] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,451,284,716.09, an increase of 2.15% compared to the end of the previous year[18] - Total liabilities decreased to ¥210,813,785.85 from ¥225,097,866.82, a reduction of about 6.3%[48] - Current assets totaled ¥1,095,609,744.99, slightly down from ¥1,107,577,252.22 in the previous year, indicating a decrease of about 1.1%[46] - The company has no short-term loans as of the reporting period, a decrease of 100% from RMB 5,006,947.92 in the previous year[31] - Total liabilities decreased to ¥105,079,788.14 from ¥146,130,859.88, indicating a reduction of 28.1%[53] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 65,236,801.78, a decrease of 2.10% compared to the same period last year[18] - Cash inflows from operating activities totaled CNY 633,884,519.35, up from CNY 579,732,323.85 year-over-year, indicating a growth of approximately 9.3%[70] - Cash outflows from investing activities amounted to CNY 543,566,751.69, compared to CNY 279,422,101.71 in the same period last year, reflecting an increase of 94.7%[72] - The net cash flow from investing activities was negative at CNY -370,203,319.63, worsening from CNY -61,772,913.61 in the previous year[72] - The ending balance of cash and cash equivalents was CNY 331,967,139.14, down from CNY 60,908,545.48 year-over-year[74] Shareholder Information - Net assets attributable to shareholders of the listed company amounted to CNY 1,240,470,930.24, reflecting a growth of 3.76% year-on-year[18] - The total number of shareholders at the end of the reporting period was 10,933[26] - The company reported a total equity of 1,195,574,996.33, reflecting the shareholders' equity[82] Research and Development - Research and development expenses accounted for 3.27% of operating revenue, an increase of 0.6 percentage points year-on-year[20] - Research and development expenses increased by 32.82% to RMB 22,331,624.67, up from RMB 16,814,064.13, driven by higher personnel costs[34] - Research and development expenses for the first three quarters of 2020 were ¥22,331,624.67, up from ¥16,814,064.13 in the same period of 2019, indicating a focus on innovation[58] Market Strategy - The company is focusing on expanding its market presence and developing new technologies, as indicated by the increase in construction in progress to ¥24,488,473.16 from ¥6,785,206.16, a growth of approximately 261.5%[46] - The company plans to expand its market presence and invest in new technologies to drive future growth[58] - Future guidance indicates a positive outlook, with expectations for continued growth in user data and market share[90]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 422,051,394.11, representing an 8.00% increase compared to CNY 390,781,319.09 in the same period last year [27]. - The net profit attributable to shareholders was CNY 42,830,035.69, up 7.45% from CNY 39,860,691.84 year-on-year [27]. - The net cash flow from operating activities reached CNY 40,981,684.95, reflecting a 16.80% increase from CNY 35,087,003.36 in the previous year [27]. - The basic earnings per share for the first half of 2020 was CNY 0.36, down 18.18% from CNY 0.44 in the same period last year [30]. - The company achieved a total of 114 patents as of June 30, 2020, with 13 new patents obtained during the reporting period [49]. - The company reported non-recurring gains of CNY 2,424,253.29 during the reporting period [31]. - The total profit for the first half of 2020 was CNY 49,804,867.69, up from CNY 46,734,682.72 in the same period last year, indicating an increase of approximately 4.6% [189]. - The company's total comprehensive income for the first half of 2020 was CNY 44,708,876.96, up from CNY 40,070,321.88 in the same period of 2019, indicating an increase of about 11.5% [191]. Research and Development - Research and development expenses accounted for 3.29% of operating revenue, an increase of 0.6 percentage points compared to the previous year [30]. - The total R&D investment for the period was ¥13,891,185.44, representing 3.29% of the operating revenue [50]. - The company has established a strong R&D advantage, having filed 114 patents, including 17 invention patents, and participated in the formulation of 30 national standards [74]. - The company is currently developing several projects, including a carbonyl sulfide research project with an expected total investment of ¥3,000,000, and a current investment of ¥511,184.91, aiming for 99.95% purity [53]. - The high-purity ethylene research project has a total investment of ¥2,550,000, with a current investment of ¥103,569.74, targeting 99.995% purity [53]. - The company has advanced gas purification technology, achieving a purity level of 99.999% (7N) and surpassing industry standards in impurity control [47]. - The company is focusing on semiconductor-grade products, with ongoing projects for high-purity sulfur dioxide and hexafluorobutylene, both targeting 99.999% purity [53]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring governance compliance [6]. - The company has not disclosed any special arrangements for corporate governance, maintaining standard practices [9]. - The company will ensure compliance with all relevant laws and regulations regarding shareholding and reduction, including pre-disclosure of reduction plans [136]. - The company has established a framework to minimize and regulate related party transactions, adhering to market pricing principles and legal procedures [131]. - The company will ensure that any business opportunities that may compete with its core business will be offered to the company first [130]. Market and Sales Strategy - The company focuses on the research, production, and sales of specialty gases, with a comprehensive solution for gas applications targeting global markets [33]. - The company aims to enhance its one-stop service capabilities in the specialty gas sector, particularly in the electronics industry [33]. - The sales model is primarily direct sales, with domestic sales driven by the company's sales team and international sales targeting professional gas companies through exhibitions and online promotion [41]. - The company has developed a global sales network, exporting products to over 50 countries and regions, enhancing its market presence [77]. - The company has successfully entered the supply chains of major clients in the semiconductor industry, including TSMC and SMIC, with high-purity trifluoromethane products used in 14nm and 7nm processes [75]. Financial Integrity and Risks - There are no non-operating fund occupations by controlling shareholders or related parties, indicating financial integrity [10]. - The financial report has not been audited, which may affect the reliability of the financial data presented [7]. - The company faces risks related to core competitiveness, product quality, and safety production, which could impact future performance [88]. - The report includes a forward-looking statement risk declaration, cautioning investors about future commitments [9]. - The company emphasizes the importance of investment risk awareness for investors regarding future plans and strategies [9]. Shareholder Information - The company reported a lock-up period for major shareholders lasting 36 months from the date of listing, during which they cannot transfer or manage their shares [119]. - The largest shareholder, Guangdong Huate Investment Management Co., Ltd., holds 26,640,700 shares, representing 22.20% of the total shares [161]. - The total number of shares outstanding is 120,000,000, with no new shares issued during the reporting period [156]. - The company has established a consistent action agreement among certain shareholders, indicating a unified approach to major company decisions [163]. - The company has no preferred shareholders with restored voting rights as of the end of the reporting period [158].

Financial Performance - The net profit attributable to shareholders for 2019 was CNY 72,594,659.69, with a cash dividend distribution of CNY 30,000,000, representing 41.33% of the net profit[7]. - Guangdong Huate Gas Co., Ltd. reported a revenue of RMB 1.2 billion for the fiscal year 2019, representing a year-on-year growth of 15%[21]. - The company achieved a net profit of RMB 200 million in 2019, an increase of 10% compared to the previous year[21]. - The company's operating revenue for 2019 was CNY 843,990,066.84, an increase of 3.23% compared to 2018[30]. - The net profit attributable to shareholders for 2019 was CNY 72,594,659.69, reflecting a growth of 7.00% year-over-year[30]. - The total assets at the end of 2019 reached CNY 1,420,672,863.15, an increase of 88.91% from the previous year[30]. - The net assets attributable to shareholders grew by 116.00% to CNY 1,195,574,996.33 at the end of 2019[30]. - Basic earnings per share for 2019 were CNY 0.81, an increase of 8.00% compared to 2018[33]. - The gross margin for the year was reported at 35%, reflecting improved operational efficiency[21]. Dividend Policy - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares (including tax) based on the total share capital as of the dividend record date[7]. - The profit distribution plan has been approved by the board and will be submitted for shareholder meeting approval[7]. - The company maintains a profit distribution policy that mandates at least 20% of distributable profits to be allocated for cash dividends when profitable[169]. - The company distributed cash dividends totaling RMB 30 million for the fiscal year 2019, which represents 41.33% of the net profit attributable to shareholders[176]. - The cash dividend for 2018 was RMB 20.36 million, with a dividend per 10 shares of RMB 2.26, accounting for 30.31% of the net profit[176]. Research and Development - Guangdong Huate Gas is investing RMB 50 million in R&D for new gas purification technologies, expected to launch by Q3 2020[21]. - The R&D expenditure as a percentage of operating revenue rose to 3.02%, up by 0.38 percentage points from 2018[33]. - The total R&D expenditure for the period was ¥25,446,617.71, representing 3.02% of the company's operating revenue[69]. - The number of R&D personnel is 88, accounting for 10.41% of the total workforce[69]. - The company has developed advanced gas purification technology, achieving purity levels of 5N (99.999%), 6N (99.9999%), and even 7N (99.99999%)[64]. Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in 2020, aiming for a 25% increase in market share[21]. - The company is exploring potential acquisitions in the specialty gas sector to enhance its product offerings[21]. - The company has established a global sales network, exporting products to over 50 countries and regions, enhancing product influence and market penetration[94]. - The company has achieved significant import substitution in specialty gases, including high-purity tetrafluoromethane and hexafluoroethane, primarily serving the semiconductor and photovoltaic industries[42]. - The domestic specialty gas market has significant growth potential, driven by a population of 1.4 billion and increasing demand for consumer-grade specialty gases[63]. Operational Efficiency - The net cash flow from operating activities increased significantly by 77.70% to CNY 74,139,331.83 in 2019[30]. - The company has established a logistics network with storage centers in the Pearl River Delta region, enhancing transportation efficiency and reducing costs[49]. - The company has improved its logistics capabilities, ensuring delivery within a 200-kilometer radius in one day, enhancing customer service efficiency[91]. - Operating costs decreased by 0.55% to 545,423,993.26 RMB, while sales expenses increased by 9.87% to 127,257,578.37 RMB[110]. Risk Management - The company faces risks related to product quality, safety production, and fluctuations in raw material prices, which could impact operational stability[101][103][105]. - The company faces macroeconomic risks, particularly related to the impact of the COVID-19 pandemic on global consumer demand, which may affect future performance[109]. - The company has committed to minimizing and regulating related party transactions, adhering to market pricing principles and legal procedures[199]. Corporate Governance - The independent directors and supervisory board provided independent opinions on the profit distribution plan[175]. - The company has committed to not engaging in any business activities that may directly or indirectly compete with new business areas pursued by its subsidiaries[196]. - Shareholders holding more than 5% of the company's shares have committed to adhere to lock-up agreements and not sell shares during the lock-up period[200].

2020 年第一季度报告 公司代码：688268 公司简称：华特气体 广东华特气体股份有限公司 2020 年第一季度报告 1 / 26 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 26 2020 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。 1.3 公司负责人石平湘、主管会计工作负责人钟小玫 及会计机构负责人（会计主管人员）郭湛 泉保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |-------------------------------------------------|----- ...