2022 年第一季度报告 单位：元 币种：人民币 证券代码：688300 证券简称：联瑞新材 江苏联瑞新材料股份有限公司 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、准确性和完整性承担个别及连带责任。 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。 公司负责人李晓冬、主管会计工作负责人王松周及会计机构负责人（会计主管人员）范莉保证季 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 | --- | --- | --- | |-----------------------------------------------|----------------|--------------------------------------| | 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 | 177,4 ...

Financial Performance - The company's operating revenue for 2021 was RMB 624,709,594.77, representing a 54.55% increase compared to RMB 404,203,405.80 in 2020[31]. - The net profit attributable to shareholders for 2021 was RMB 172,867,734.23, a 55.85% increase from RMB 110,916,230.53 in 2020[31]. - The net profit after deducting non-recurring gains and losses was RMB 155,616,626.54, which is a 68.85% increase compared to RMB 92,160,891.70 in 2020[31]. - The net cash flow from operating activities for 2021 was RMB 153,423,336.87, up 71.07% from RMB 89,686,223.95 in 2020[31]. - The total assets at the end of 2021 were RMB 1,304,902,145.97, a 19.43% increase from RMB 1,092,568,726.58 at the end of 2020[31]. - The net assets attributable to shareholders at the end of 2021 were RMB 1,093,709,453.42, reflecting a 13.46% increase from RMB 963,947,587.70 at the end of 2020[31]. - The basic earnings per share for 2021 were RMB 2.01, a 55.81% increase from RMB 1.29 in 2020[32]. - The diluted earnings per share for 2021 were also RMB 2.01, marking a 55.81% increase from RMB 1.29 in 2020[32]. - The basic earnings per share (EPS) after deducting non-recurring gains and losses increased by 69.16% to CNY 1.81 compared to CNY 1.07 in the previous period[35]. - The weighted average return on equity (ROE) rose by 4.89 percentage points to 16.86% from 11.97% in the previous period[35]. Research and Development - Research and development investment reached 35.06 million yuan, a 77.19% increase year-on-year, accounting for 5.61% of operating revenue[46]. - The company has increased its R&D investment by 77.19% year-on-year, totaling approximately ¥35.06 million, which represents 5.61% of its operating revenue[79]. - The number of R&D personnel increased to 54, representing 11.44% of the total workforce, up from 10.68% in the previous period[94]. - The company has developed advanced spherical aluminum oxide products with high α-phase content and flowability, targeting high-end chip packaging applications[90]. - The company is focusing on the development of new functional fillers and technologies to capture opportunities in downstream markets such as copper-clad laminates, chip packaging materials, and thermal interface materials[152]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[6]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity, accuracy, and completeness of the annual report[12]. - The company has not faced any violations of decision-making procedures regarding external guarantees[12]. - The company has not disclosed any special arrangements for corporate governance or other important matters[9]. - The company’s governance structure was confirmed to be compliant with relevant laws and regulations[161]. Market and Sales - The company has established a strong brand influence in the semiconductor packaging materials, copper-clad laminates, thermal interface materials, adhesives, advanced insulation products, and other fields, with significant sales to leading clients such as Samsung and Panasonic[54]. - The global semiconductor packaging market is projected to grow from $67.7 billion in 2020 to approximately $77.7 billion in 2021, with advanced packaging expected to account for 45% of the total market[59]. - The company has a dual-market strategy focusing on both domestic and international markets, particularly expanding capacity in Northeast Asia[54]. - The company is strategically positioning itself to take advantage of the restructuring trends in the global semiconductor and related industries, with plans to expand its market presence in Europe, North America, and Asia[152]. Risk Management - The company faces risks related to market competition, raw material price fluctuations, and potential loss of core technical personnel, which could impact ongoing R&D capabilities[107][108]. - The company is exposed to foreign exchange risks due to overseas sales and procurement, which could affect financial performance if not managed properly[109]. - The company has not faced any penalties from securities regulatory agencies in the past three years[179]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[172]. - The company expects a revenue growth of 15% for the next fiscal year, projecting total revenue to reach approximately 1.725 billion CNY[172]. - The company has set a future outlook with a revenue guidance of 35.68% growth for the next fiscal year, indicating strong market confidence[167]. - The company is planning market expansion strategies, targeting new geographical regions to increase market share[167]. Employee and Management - The total number of employees at the parent company is 409, with a combined total of 472 employees including major subsidiaries[188]. - The company emphasizes internal employee training and development, offering various training programs to enhance overall quality and innovation[193]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 6.4022 million RMB[178]. - The total remuneration for core technical personnel at the end of the reporting period was 4.7063 million RMB[178]. Dividend and Profit Distribution - The proposed profit distribution plan for 2021 includes a cash dividend of RMB 6.08 per 10 shares, totaling RMB 52.2718 million, which accounts for 30.24% of the net profit attributable to shareholders[8]. - The company plans to distribute a cash dividend of RMB 6.08 per 10 shares, totaling RMB 52.2718 million, which accounts for 30.24% of the net profit attributable to shareholders for the year 2021[195].

2021 年第三季度报告 证券代码：688300 证券简称：联瑞新材 江苏联瑞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。 公司负责人李晓冬、主管会计工作负责人王松周及会计机构负责人（会计主管人员）范莉保 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 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|--------------------------------------|----------------|----------------------------------- ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 20%[21]. - The gross profit margin for the first half of 2021 was 35%, compared to 30% in the same period last year[21]. - The company's operating revenue for the first half of the year reached ¥289,032,763.36, representing a year-on-year increase of 69.25%[28]. - Net profit attributable to shareholders was ¥79,137,704.71, an increase of 85.05% compared to the same period last year[28]. - The net profit after deducting non-recurring gains and losses was ¥72,159,729.45, reflecting an 88.94% year-on-year growth[28]. - Basic earnings per share rose to ¥0.92, an increase of 84.00% year-on-year[31]. - The company reported a net profit of 300 million, representing a 10% increase compared to the previous year[141]. - Net profit attributable to shareholders reached 7,913.77 million yuan, reflecting an 85.05% growth year-on-year[98]. User Growth and Market Expansion - The company has expanded its user base by 15%, reaching a total of 1.2 million active users[21]. - User data showed a growth of 15% in active users, reaching a total of 1.5 million users[141]. - Future outlook indicates a projected revenue growth of 25% for the second half of 2021, driven by new product launches and market expansion strategies[21]. - The company plans to expand into two new international markets by the end of the year, aiming for a 5% market share in each[141]. - Market expansion efforts include entering two new provinces, aiming to increase market share by 10% in these regions[21]. Research and Development - The company is investing RMB 50 million in R&D for new technologies, focusing on advanced materials and applications[21]. - Research and development expenses accounted for 5.42% of operating revenue, slightly down from 5.79% in the previous year[31]. - R&D expenses increased by 5,785,709.83 CNY, a growth of 58.50% compared to the previous period, primarily due to increased investment in R&D[70]. - The company has over 30 years of R&D experience in functional ceramic powder fillers, establishing itself as a domestic industry leader with independent intellectual property rights[62]. - The company is focusing on the development of new products such as low-radioactivity spherical silicon powder and high thermal conductivity epoxy molding materials, which have entered the industrialization phase[67]. - The company has applied for 9 new patents and obtained 10, bringing the total to 111 applications and 66 granted patents[68]. Production and Capacity - The company is expanding its production capacity through several projects, including the intelligent upgrade of silicon powder production lines[33]. - The capacity utilization rate increased as the company released additional capacity from its investment projects, leading to a notable rise in sales of high-end products[1]. - The company has established strong supply relationships with well-known domestic and international clients, leading to a continuous increase in orders[33]. Financial Position and Cash Flow - The company maintains a strong cash position with RMB 200 million in cash reserves, ensuring liquidity for future investments[21]. - Operating cash flow increased by 87.59% to 96,323.07 million yuan, attributed to higher sales revenue and improved collection of receivables[102]. - Cash and cash equivalents at the end of the period amounted to ¥81,998,541.96, representing 6.95% of total assets, a decrease of 43.19% compared to the previous year[105]. Corporate Governance and Compliance - No significant changes in corporate governance or management structure were reported during this period[21]. - The company has obtained necessary environmental protection permits and complies with relevant laws and regulations without facing any penalties related to environmental protection[124]. - The company has committed to various shareholding restrictions for major shareholders and executives, with a lock-up period of 36 months from the date of listing[128]. Strategic Initiatives and Future Guidance - The company has committed to a cash dividend policy, distributing at least 10% of the annual profit as dividends[141]. - Future guidance indicates a focus on sustainable growth and innovation, with an emphasis on customer satisfaction[141]. - The company is actively pursuing market expansion in the semiconductor packaging and integrated circuit substrate sectors, which are showing positive growth[1]. Risks and Challenges - The management highlighted a risk factor related to supply chain disruptions, which could impact production timelines[21]. - The company continues to face risks related to core competitiveness, including potential R&D failures and the loss of key technical personnel[92].

2021 年第一季度报告 公司代码：688300 公司简称：联瑞新材 江苏联瑞新材料股份有限公司 2021 年第一季度报告 1 / 22 2021 年第一季度报告 í 重要提示 = 、 公司基本情况 líl 重要事项 四、 附录 目录 2 / 22 2021 年第一季度报告 一、 重要提示 2.1 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。 2.2 公司全体董事出席董事会审议季度报告。 2.3 公司负责人李晓冬、主管会计工作负责人王松周及会计机构负责人（会计主管人员）范莉保 证季度报告中财务报表的真实、准确、完整。 2.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.5 主要财务数据 | --- | --- | --- | --- | --- | |--------|-----------------------------------------------|------------------|-----------------------|------------------------ ...

Financial Performance - The company's operating revenue for 2020 was RMB 404,203,405.80, representing a 28.20% increase compared to RMB 315,301,090.76 in 2019[31]. - The net profit attributable to shareholders of the listed company for 2020 was RMB 110,916,230.53, an increase of 48.49% from RMB 74,694,979.19 in 2019[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 92,160,891.70, up 30.99% from RMB 70,357,543.70 in 2019[31]. - The net cash flow from operating activities for 2020 was RMB 89,686,223.95, an increase of 11.31% compared to RMB 80,576,233.42 in 2019[31]. - The total assets at the end of 2020 were RMB 1,092,568,726.58, a 6.72% increase from RMB 1,023,726,519.19 at the end of 2019[31]. - The net assets attributable to shareholders of the listed company at the end of 2020 were RMB 963,947,587.70, reflecting a 7.57% increase from RMB 896,148,961.89 at the end of 2019[31]. - The basic earnings per share for 2020 was CNY 1.29, representing a 14.16% increase compared to CNY 1.13 in 2019[32]. - The company's R&D investment accounted for 4.89% of operating revenue, up by 0.82 percentage points from 4.07% in 2019[35]. - The weighted average return on equity decreased to 11.97%, down 7.27 percentage points from 19.24% in 2019[35]. - In Q4 2020, the net profit attributable to shareholders reached CNY 40,033,640.20, marking a significant increase from previous quarters[38]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 42.9867 million, which accounts for 38.76% of the net profit attributable to shareholders for 2020[7]. - In 2019, the cash dividend was also RMB 5.00 per 10 shares, totaling RMB 42.9867 million, representing 57.55% of the net profit attributable to shareholders[159]. - In 2018, the cash dividend was RMB 2.40 per 10 shares, totaling RMB 15.4752 million, which was 26.51% of the net profit attributable to shareholders[159]. - The company does not plan to increase capital through capital reserves or issue bonus shares for 2020[155]. - The company has maintained a consistent cash dividend policy over the past three years, with no changes in the dividend amount per share[159]. Research and Development - The company is focused on developing functional ceramic fillers with excellent physical properties, including piezoelectric and dielectric materials[30]. - The company aims to expand its market presence through the introduction of new products and technologies in the field of semiconductor packaging materials[30]. - The company has implemented strategies to control the content of radioactive elements in its materials to below 1 ppb, ensuring compliance with industry standards[30]. - The company is actively pursuing research and development in high-density interconnection (HDI) printed circuit boards to enhance its product offerings[30]. - The company focuses on R&D, establishing a technical committee to guide product planning and technology direction, emphasizing independent innovation and collaboration with industry leaders[52]. - The company has established multiple research centers and has been recognized as a national high-tech enterprise, indicating strong R&D capabilities[88]. - The company holds 56 patents, including 19 invention patents, demonstrating its commitment to innovation[90]. - Research and development (R&D) expenses totaled ¥19,784,132.70, representing a 54.17% increase from the previous year's ¥12,832,975.31[74]. - The number of R&D personnel increased to 39, representing 10.68% of the total workforce, up from 10.59% in the previous period[5]. - The company has applied for a total of 102 patents, with 56 granted, showing a significant increase in innovation efforts compared to the previous period[73]. Market Expansion and Strategy - The company is focused on expanding its market presence through innovative product development and strategic investments in high-demand sectors such as 5G and new energy vehicles[81]. - The company has strengthened its market position by deepening partnerships with high-quality domestic and international clients[35]. - The implementation of the National VI standard has driven demand for the company's products, particularly in the automotive sector[35]. - The company has achieved significant sales growth in high-end applications, with products sold to leading international clients such as Samsung, Sumitomo, and Panasonic, enhancing brand influence[51]. - The company has established a strong procurement model, ensuring efficient supply chain management and maintaining high-quality standards through rigorous supplier evaluations[54]. - The company has developed a professional marketing system, focusing on customer-centric strategies and rapid response to market demands across various regions[54]. - The company’s sales strategy includes a combination of direct sales and agency models, ensuring a comprehensive approach to meet diverse customer needs[54]. Compliance and Governance - The company has received a standard unqualified audit report from Huaxing Accounting Firm[6]. - There are no non-operating fund occupations by controlling shareholders or related parties[9]. - The company has not violated decision-making procedures for external guarantees[9]. - The board of directors and supervisory board confirm the accuracy and completeness of the annual report[4]. - The company has a comprehensive governance structure in place, ensuring no special arrangements exist[11]. - The company has committed to transparency in its financial disclosures and compliance with securities regulations[183]. Operational Efficiency - The company has implemented a quality management system certified by ISO9001 and IATF16949, ensuring high product quality standards[92]. - The company has completed 35 QCC projects in 2020, achieving a historical high[1]. - The company implemented 28 improvement projects in 2020 to enhance operational efficiency[1]. - The company is committed to improving quality management and operational efficiency through enhanced information technology integration[153]. Financial Health and Investments - The company’s investment activities generated a net cash outflow of CNY 312.71 million, an increase of 42.39% year-on-year, primarily due to expenditures on new production lines and supporting equipment[107]. - The company’s financing activities resulted in a net cash outflow of CNY 67.57 million, a decrease of 113.77% year-on-year, mainly due to the repayment of loans[107]. - The company has established a wholly-owned subsidiary with an investment of RMB 230 million to implement the first phase of a new electronic-grade functional materials project, with a designed capacity of 9,500 tons/year[1]. - The company expanded its production capacity by 7,200 tons/year for spherical products to meet increased customer demand in 2020[1]. Shareholding and Lock-up Policies - The company has established a lock-up period for shares held by directors, supervisors, and core employees, which lasts for 36 months from February 21, 2017[171]. - The company has committed to avoiding any business activities that may compete with its subsidiaries, ensuring no conflicts of interest arise[182]. - The company has established a clear policy regarding the transfer of shares by directors and senior management, limiting annual transfers to 25% of their total holdings[176]. - The company will not reduce its shareholding within two years after the lock-up period ends, ensuring compliance with relevant laws and regulations regarding share sales[186].

Financial Performance - Operating revenue for the first nine months was ¥278,636,439.92, representing a year-on-year growth of 22.87%[11] - Net profit attributable to shareholders was ¥70,882,590.33, up 32.71% from the same period last year[11] - The company reported a net profit of ¥63,217,014.43 after deducting non-recurring gains and losses, which is a 24.62% increase year-on-year[11] - Operating profit for the third quarter of 2020 was ¥32,447,484.13, compared to ¥21,196,225.17 in the third quarter of 2019, reflecting a growth of 53.2%[48] - Net profit for the third quarter of 2020 was ¥28,116,235.83, up 54.3% from ¥18,219,030.64 in the same quarter of 2019[51] - The total profit for the first three quarters of 2020 was ¥81,753,155, up 31.5% from ¥62,127,037 in the same period of 2019[61] Cash Flow - The net cash flow from operating activities for the first nine months was ¥76,632,463.70, an increase of 29.23% year-on-year[11] - Cash flow from operating activities for the first three quarters of 2020 was ¥76,632,464, an increase from ¥59,297,202 in the same period of 2019[63] - The company reported a total cash inflow from operating activities of ¥274,170,953 in the first three quarters of 2020, compared to ¥198,367,628 in the same period of 2019[63] - The company recorded a significant cash recovery from investments of ¥963,800,000 in Q3 2020[63] - The cash flow from financing activities showed a net outflow of -CNY 71,691,834.89, compared to -CNY 23,612,202.22 in the previous year, reflecting a worsening cash position[68] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,044,047,686.71, an increase of 1.99% compared to the end of the previous year[11] - Total liabilities decreased to ¥120,222,423.23 from ¥127,577,557.30, a reduction of about 5.6%[42] - Current assets totaled ¥778,408,854.55, down from ¥826,257,301.52, indicating a decline of approximately 5.8%[39] - The company's total equity reached ¥923,826,787.33, an increase from ¥896,148,961.89 in the previous period[44] - The total liabilities and equity amounted to ¥1,044,047,686.71, up from ¥1,023,726,519.19, indicating a growth of about 2.0%[39] Research and Development - Research and development expenses accounted for 5.53% of operating revenue, an increase of 1.44 percentage points compared to the previous year[13] - Research and development expenses rose by 66.10% to ¥15,407,340.55 from ¥9,275,816.58, reflecting increased investment in R&D[24] - Research and development expenses for the first three quarters of 2020 totaled ¥15,407,340.55, an increase of 66.5% compared to ¥9,275,816.58 in the same period of 2019[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 4,665[14] - The company’s basic and diluted earnings per share were both ¥0.82[13] Government Subsidies - The company received government subsidies amounting to ¥2,157,191.68 for the first nine months, which are closely related to its normal business operations[13] Inventory and Receivables - Accounts receivable decreased by 52.39% to ¥3,071,892.44 from ¥6,451,936.40 primarily due to a reduction in commercial notes received[23] - Inventory levels increased to ¥48,741,201.96 from ¥45,562,407.99, showing a growth of approximately 4.8%[39] Other Financial Metrics - The weighted average return on equity decreased by 8.13 percentage points to 7.77% compared to the previous year[11] - Investment income increased significantly by 1640.12% to ¥7,310,660.32 from ¥420,124.66, driven by higher interest income from structured deposits[24] - The company reported a total comprehensive income of ¥27,927,322.40 for the third quarter of 2020, compared to ¥18,219,030.64 in the same quarter of 2019[53] Future Plans - The company plans to continue investing in new product development and market expansion strategies to drive future growth[49]

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2020, representing a year-on-year increase of 15%[19]. - The company's operating revenue for the first half of 2020 was ¥170,771,351.95, representing a year-on-year increase of 17.47% compared to ¥145,372,173.05 in the same period last year[25]. - The net profit attributable to shareholders was ¥42,766,354.50, up 21.52% from ¥35,194,027.11 in the previous year[25]. - The net cash flow from operating activities increased by 39.74%, reaching ¥51,347,590.38, driven by higher sales revenue and improved collection of receivables[29]. - Basic earnings per share decreased by 9.09% to ¥0.50, primarily due to a 33.33% increase in total share capital[26]. - The total assets at the end of the reporting period were ¥994,466,444.27, down 2.86% from ¥1,023,726,519.19 at the end of the previous year[25]. Research and Development - The company is investing RMB 10 million in R&D for new technologies aimed at enhancing product performance and reducing production costs[19]. - The company's R&D investment accounted for 5.79% of operating revenue, an increase of 1.47 percentage points compared to the previous year[28]. - The company's R&D investment increased by 57.64% year-on-year during the reporting period, reflecting a strong commitment to innovation[47]. - The total R&D expenditure for the period was ¥9,890,320.29, representing 5.79% of the operating revenue[49][51]. - The company has accumulated over 30 years of R&D and production management experience, achieving breakthroughs in multiple core technologies and establishing partnerships with numerous well-known domestic and international clients[43]. Market Expansion and Strategy - Future outlook includes a projected revenue growth of 25% for the second half of 2020, driven by new product launches and market expansion strategies[19]. - Market expansion efforts include entering two new regional markets, which are expected to contribute an additional RMB 5 million in revenue by the end of 2020[19]. - The company has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in production costs by the end of 2020[19]. - The company has established a professional and orderly marketing system, with clients spread across mainland China, Taiwan, Japan, South Korea, Europe, and Southeast Asia[41]. - The company has implemented a "sales-driven production" model, aligning product design with customer needs to ensure high-quality and performance-oriented products[41]. Product Development and Innovation - The company focuses on the R&D, production, and sales of non-metallic mineral powder materials, including crystalline silicon micro-powder and spherical aluminum oxide powder[36]. - The sales revenue of spherical products accounted for 46.72% of total sales in the first half of 2020, significantly increasing from the same period in 2019[1]. - The company has developed high-temperature balling technology, successfully breaking the monopoly of electronic-grade spherical silica powder products by Japan, achieving import substitution and exporting to Japan and South Korea[47]. - The company is focusing on developing advanced materials for 5G communication equipment, automotive lighting systems, and other high-tech applications[54][60]. - The company aims to achieve high purity and low impurity levels in its products to meet industry standards and customer demands[60]. Shareholder and Corporate Governance - No significant changes in shareholder structure were reported during the first half of 2020[19]. - The company has a total share capital of 85,973,400 shares, with 76.70% being restricted shares prior to the changes[167]. - The company has committed to a profit distribution policy prioritizing cash dividends, with a minimum of 10% of distributable profits allocated for cash dividends annually[125]. - The company will ensure that any reduction in shareholdings after the lock-up period will not be below the IPO price[113]. - The company has committed to compensating investors for any losses incurred due to false statements or omissions in its IPO prospectus, with a public apology required if commitments are not fulfilled[148]. Compliance and Regulatory Matters - The company has maintained compliance with all regulatory commitments since its IPO[105]. - The company has committed to implementing measures to stabilize stock prices and will publicly explain any failure to do so, along with an apology to shareholders[132]. - The company assures that its public offering and listing on the Sci-Tech Innovation Board will not involve any fraudulent activities[136]. - The company will accept penalties from regulatory authorities for any violations of commitments made during the IPO process[145]. - The company has not reported any impacts on financial metrics such as earnings per share or net assets due to share changes during the reporting period[170].

2020 年第一季度报告 公司代码：688300 公司简称：联瑞新材 江苏联瑞新材料股份有限公司 2020 年第一季度报告 1 / 14 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 / 14 2020 年第一季度报告 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 公司负责人李晓冬、主管会计工作负责人王松周及会计机构负责人（会计主管人员）范莉保 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 | --- | --- | --- | --- | --- | |-------------------------------------------------|------- ...

Financial Performance - In 2019, the company's operating revenue increased by 13.37% year-on-year, reaching ¥315,301,090.76[26] - The net profit attributable to shareholders increased by 27.98% to ¥74,694,979.19, while the net profit after deducting non-recurring gains and losses rose by 25.09% to ¥70,357,543.70[26] - The net cash flow from operating activities surged by 44.70% to ¥80,576,233.42, indicating improved cash generation capabilities[26] - By the end of 2019, the net assets attributable to shareholders increased by 180.45% to ¥896,148,961.89, and total assets rose by 147.44% to ¥1,023,726,519.19[26] - The basic earnings per share rose by 21.51% to ¥1.13, while the diluted earnings per share also increased by the same percentage[26] - The company reported a total revenue of 35,800,000, with a net profit of 12,832,975.31, indicating a significant performance in the fiscal year[67] - The company achieved operating revenue of 315,301,090.76 CNY, a year-on-year increase of 13.37%[88] - Net profit attributable to shareholders reached 74,695,000 CNY, growing by 27.98% compared to the same period last year[88] Dividend Distribution - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling approximately 42.99 million RMB, which represents 57.55% of the net profit attributable to shareholders for 2019[7] - The company does not plan to increase capital reserves or issue bonus shares for the 2019 profit distribution[7] - In 2019, the company distributed a cash dividend of 5.00 RMB per 10 shares, totaling 42,986,700.00 RMB, which accounted for 57.55% of the net profit attributable to ordinary shareholders[131] - The cash dividend in 2018 was 2.40 RMB per 10 shares, amounting to 15,475,200.00 RMB, representing 26.51% of the net profit attributable to ordinary shareholders[131] - In 2017, the company paid a cash dividend of 2.00 RMB per 10 shares, totaling 11,996,000.00 RMB, which was 28.39% of the net profit attributable to ordinary shareholders[131] Research and Development - Research and development expenses accounted for 4.07% of operating revenue, up from 3.80% in 2018, reflecting a commitment to innovation[26] - The total R&D investment for the period amounted to ¥12,832,975.31, representing 4.07% of the operating revenue[52] - The company has 36 R&D personnel, accounting for 10.59% of the total workforce[52] - The company has received recognition as a national high-tech enterprise and has 40 valid patents, including 18 invention patents, showcasing its R&D capabilities[71] - The company is focusing on the development of functional high-purity molten silica powder for 5G high-frequency and high-speed substrates, supported by provincial technology transfer project funding[47] - The company has developed and implemented several patents related to high-purity silica powder production methods, enhancing its technological capabilities[47] - The company has successfully completed several R&D projects, leading to the commercialization of advanced materials[60] Market Position and Strategy - The company has established itself as a leader in the silicon powder industry, recognized for its high-quality products and strong brand influence[37] - The company aims to increase its market share and overall competitiveness by expanding production capacity and enhancing product quality in response to the growing demand for high-end silica powder products[44] - The company plans to continue expanding its market presence and enhancing its product offerings through ongoing research and development efforts[36] - The company has established a professional marketing system with clients across mainland China, Taiwan, Japan, South Korea, Europe, and Southeast Asia[40] - The company emphasizes a market-oriented sales model, utilizing direct sales and specialized technical service teams to meet diverse customer needs[40] - The company is committed to establishing a global sales network, particularly targeting the Southeast Asian market, while strengthening ties with existing clients in Japan and South Korea[124] Compliance and Governance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[9] - The company has not reported any violations of decision-making procedures regarding external guarantees[9] - The company’s financial report has been confirmed for accuracy and completeness by the responsible executives[6] - The company has established a policy that limits the annual transfer of shares by core technical personnel to no more than 25% of their total shares held prior to the IPO for four years after the lock-up period[152] - The company has committed to a cash dividend policy, distributing at least 10% of the distributable profit each year, with a minimum cash distribution of 80% during mature stages without significant capital expenditures[161] - The company will ensure that any related party transactions are disclosed in accordance with regulatory requirements and will adhere to legal decision-making processes[158] Operational Efficiency - The company maintains a procurement model based on customer orders, ensuring efficient supply chain management and quality control[38] - The company has established a first-class intelligent production line and has obtained ISO19001 and ISO14001 certifications, with ongoing certification for IATF16949[40] - The company has undertaken significant R&D projects, including the development of surface-modified ultra-fine silicon powder for HDI substrates, with an investment of 1,910,000[12] - The company has maintained a high level of management efficiency, significantly reducing delivery times and improving customer feedback response times[81] Future Outlook - The company is optimistic about its future and the industry’s development prospects, indicating a long-term commitment to holding its stock[170] - The company recognizes the potential for new demand in the industry driven by infrastructure construction and supply-side reforms, despite challenges such as trade frictions[118] - The company aims to enhance its R&D capabilities by increasing investment over the next three years to maintain its technological leadership in the silicon micro-powder industry[121] - The company plans to actively seek mergers and acquisitions to enhance its industry competitiveness and market control as it expands its scale and strength[126]