Financial Performance - The company's operating revenue for the first half of 2021 reached approximately CNY 1.27 billion, representing a 71.96% increase compared to the same period last year[18]. - Net profit attributable to shareholders was approximately CNY 33.73 million, an increase of 21.27% year-on-year[18]. - The net profit after deducting non-recurring gains and losses was approximately CNY 28.92 million, reflecting a 75.94% increase compared to the previous year[18]. - The company's cash flow from operating activities showed a significant decline, with a net outflow of approximately CNY 70.46 million, compared to a net inflow of CNY 8.19 million in the same period last year[18]. - The total assets of the company at the end of the reporting period were approximately CNY 1.30 billion, a 30.32% increase from the end of the previous year[18]. - The net assets attributable to shareholders increased by 40.47% to approximately CNY 1.05 billion compared to the end of the previous year[18]. - Basic earnings per share remained stable at CNY 0.38, while diluted earnings per share also stood at CNY 0.38[18]. - Revenue increased by 71.96% year-on-year, driven by a 25% increase in sales volume and rising prices of key raw materials such as copper, tin, and silver[19]. - Net profit attributable to shareholders increased by 21.27% year-on-year, primarily due to increased sales volume contributing to operating profit[19]. - Net profit attributable to shareholders, excluding non-recurring gains and losses, increased by 75.94% year-on-year, supported by higher sales volume and a decrease in government subsidies compared to the previous period[19]. Research and Development - The R&D investment as a percentage of operating revenue was 3.07%, slightly up from 3.03% in the previous year[18]. - R&D expenses totaled approximately $38.94 million, a significant increase of 74.13% compared to the previous period's $22.36 million[32]. - The total R&D expenditure accounted for 3.07% of operating revenue, slightly up from 3.03% in the previous period[32]. - The company is increasing R&D investments to explore new fields and develop new products, while also upgrading existing products and technologies to enhance competitiveness[33]. - Key ongoing projects include the development of ultra-fine, narrow particle solder powder with a total investment of approximately $1.06 million, aimed at improving performance and stability in electronic applications[34]. - The project for advanced packaging interconnect nano-copper materials has a total investment of approximately $221.4 thousand, focusing on developing controllable particle size and morphology[34]. - The company has achieved breakthroughs in the production of high-quality electrolytic copper powder, with a total investment of approximately $916 thousand, targeting energy-saving applications in high-speed trains[34]. - The development of power semiconductor device packaging materials has received an investment of approximately $100 thousand, with a focus on high-performance nano-copper materials[34]. - The company has completed the preparation of automotive solder materials, with an investment of approximately $1.5 million, aimed at meeting the reliability requirements of automotive electronic products[34]. Market Expansion and Strategy - The company is actively pursuing strategies for market expansion and potential acquisitions to enhance its competitive position[33]. - The company is expanding its market presence through the development of new products, including environmentally friendly solder wires and advanced semiconductor packaging materials[37]. - The company is focusing on technological innovation and increasing R&D investment to meet the evolving needs of domestic and international customers[51]. - The company has established strategic partnerships with 15 new users across various application fields in the first half of 2021[53]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[176]. Shareholder and Capital Structure - The company has committed to a lock-up period of twelve months for shareholders, during which they will not transfer or manage their shares[105]. - Shareholders holding more than 5% of the company's shares express a long-term positive outlook on the company's development and intend to hold their shares steadily[106]. - The company has established a mechanism for extending the lock-up period by an additional six months if the stock price falls below the issue price for twenty consecutive trading days[106]. - The controlling shareholder's stock purchase plan must comply with relevant laws and will not exceed the latest audited net asset value per share[109]. - The company will ensure that any share repurchase does not lead to a non-compliant share distribution for listing requirements[108]. - The company has a clear strategy for maintaining shareholder confidence and stability in stock ownership post-IPO[106]. - The largest shareholder, Youyan Technology Group Co., Ltd., holds 36.31% of the shares, while other significant shareholders include Chongqing Mechanical and Electrical Co., Ltd. at 4.73% and Beijing Huading New Cornerstone Equity Investment Fund at 4.67%[200]. Operational Challenges - The company faces risks from raw material price fluctuations, which can impact both revenue and gross margin[61]. - The company has implemented measures to mitigate operational risks from rising raw material prices, including strict credit policies and the use of financial hedging tools[55]. - The net cash flow from operating activities decreased by 960.38% year-on-year, mainly due to increased capital occupation from accounts receivable and inventory, as well as expanded production capacity from the full operation of the Hefei facility[19]. Environmental and Social Responsibility - The company has established pollution prevention facilities that are operating normally, ensuring compliance with environmental regulations[85]. - The company continues to support poverty alleviation efforts in Guizhou Province, with a focus on consolidating achievements and promoting rural revitalization[97]. - The company has made long-term commitments to avoid any potential competition with its subsidiaries, ensuring the protection of its interests[101]. - The company has implemented measures to strengthen the management of "three wastes" and improve the efficiency of raw material utilization to reduce carbon emissions[96].

Financial Performance - The company's operating revenue for 2020 was RMB 1,736,306,083.59, representing a 1.43% increase compared to RMB 1,711,847,464.20 in 2019[19] - The net profit attributable to shareholders of the listed company reached RMB 132,168,608.37, a significant increase of 119.58% from RMB 60,192,328.01 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 37,215,409.45, down 16.59% from RMB 44,619,318.55 in 2019[19] - The net cash flow from operating activities was RMB 7,191,974.51, a recovery from a negative cash flow of RMB -9,721,218.51 in 2019[20] - As of the end of 2020, the total assets of the company were RMB 994,091,101.87, an increase of 9.94% from RMB 904,203,464.17 at the end of 2019[20] - The net assets attributable to shareholders of the listed company increased by 16.97% to RMB 746,249,435.37 from RMB 638,000,100.74 in 2019[20] - The company plans to distribute a cash dividend of RMB 1.5 per 10 shares, totaling RMB 15,549,000, which accounts for 11.76% of the net profit attributable to shareholders[5] - The company does not plan to increase capital reserves or issue bonus shares in the current profit distribution proposal[5] Cash Flow and Expenses - The net cash flow from operating activities increased by 173.98% due to improved management of accounts receivable and increased cash collection[22] - The company's net cash flow from operating activities was CNY 7.19 million, a significant recovery from a negative cash flow of CNY 9.72 million in the previous year[89] - Sales expenses decreased by 62.97% due to zero transportation costs this period, as related costs were adjusted to be included in the cost of sales[90] - Financial expenses increased by 70.97%, primarily due to a significant decline in exchange gains, which dropped to CNY 165,000 from CNY 2.39 million in the previous year[90] Research and Development - Research and development expenses accounted for 3.72% of operating revenue, up by 0.35 percentage points from 2019[21] - The company’s R&D investment strategy is focused on enhancing innovation and market competitiveness[21] - The company has increased its R&D investment to approximately ¥64.6 million, representing an 11.86% increase compared to the previous year[49] - R&D investment accounted for 3.72% of total revenue, up from 3.37% in the previous year, indicating a focus on innovation[49] - The company applied for 19 patents during the reporting period, with 18 patents granted, including 16 invention patents[46] - The total number of authorized patents reached 126, showcasing the company's commitment to intellectual property development[46] - The company has developed several core technologies related to the preparation and application of non-ferrous metal powder materials, all of which are patented[45] - The company is focusing on green and intelligent production processes to enhance efficiency and reduce costs in line with environmental regulations[44] Market Position and Competition - The company holds approximately 35% market share in domestic copper-based metal powder materials, ranking first in China and second globally[41] - The domestic market share for the company's microelectronic tin-based solder materials exceeds 15%, also ranking first in China[41] - The company has established production bases in regions including Beijing, Chongqing, Anhui, Shandong, the UK, and Thailand, enhancing its competitive edge in the advanced non-ferrous metal powder materials market[32] - The company is recognized as a key player in the advanced non-ferrous metal powder materials industry, with significant brand recognition and market influence[41] Product Development and Innovation - The company has developed multiple advanced products, including ultra-low bulk density electrolytic copper powder and lead-free microelectronic solder materials, achieving international leading or advanced levels in several technologies[40] - The company is actively involved in national key R&D projects, having participated in 12 national-level research initiatives[47] - The company aims to transition from low-end production to high-end research and development, expanding its market applications[42] - The company is developing new technologies for ultra-fine solder materials, targeting applications in electronics and computing industries[51] Operational Efficiency - The company’s production efficiency has improved due to the adoption of intelligent production processes and equipment, enhancing product quality stability and consistency[40] - The company has established a complete procurement management system to ensure timely product delivery and quality control[166] - The company maintains a strict quality standard and management system to continuously improve production technology and customer satisfaction[167] Risk Management - The company has identified various risk factors in its operations, which are detailed in the report[4] - The company faces risks from raw material price fluctuations, particularly for copper, tin, and silver, which directly impact production costs and profit margins[82] - The company is exposed to foreign exchange risks, with exchange losses recorded at CNY 205,800 in the reporting period, following losses of CNY 2.56 million and gains of CNY 2.39 million in the previous two years[83] Corporate Governance and Compliance - The company is focusing on compliance and governance, with dedicated teams to enhance regulatory adherence and risk management[192] - The company has committed to avoiding any competition with its subsidiaries to protect the interests of the issuer group[134] - The company will not expand its business scale in areas that may compete with the issuer group, ensuring compliance with the issuer's requirements[135] - The company guarantees that any unavoidable related party transactions will adhere to fair market principles and normal commercial terms[136] Shareholder Relations and Commitments - The company reported a commitment to not transfer or manage shares for 16 months post-IPO, ensuring stability in shareholding[138] - Shareholders are restricted from transferring shares for 12 months following the IPO, promoting long-term investment[139] - The company commits to not reduce shareholdings below the issue price for two years post-lock-up, protecting investor interests[139] - The company will ensure timely information disclosure regarding related party transactions[136] Environmental Responsibility - The company is classified as a key pollutant discharge unit, with no exceedance in wastewater and air emissions[168] - The wastewater treatment facility has a designed capacity of 320 tons per day, with an actual processing volume of 190 tons per day[169] - The company has implemented an environmental monitoring plan and conducts regular self-monitoring of environmental conditions[174] Community Engagement - The company has implemented a poverty alleviation program, providing RMB 2.7 million in assistance and benefiting 17,000 impoverished individuals[162] - The company has actively engaged in consumer assistance, purchasing RMB 106,800 worth of agricultural products from poverty-stricken areas[162] Human Resources - The number of R&D personnel decreased from 67 to 60, representing a reduction of approximately 10.4%[59] - Total compensation for R&D personnel decreased from 1,452.99 million to 966.34 million, a decline of about 33.4%[59] - The average salary of R&D personnel fell from 21.69 million to 16.11 million, a decrease of approximately 25.7%[59] - The R&D team includes 3 experts with "State Council Special Allowance," 3 doctoral supervisors, and 15 senior engineers, indicating a strong talent pool[62]

2021 年第一季度报告 2021 年第一季度报告 公司代码：688456 公司简称：有研粉材 有研粉末新材料股份有限公司 2021 年第一季度报告 1 / 22 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | 单位：元 币种：人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | | | 减(%) | | | 总资产 | 1,328,671,746.83 | 994,091,101.87 | | 33.66 | | 归属于上市公司 | 1,043,339,992.87 | 746,249,435.37 | | 39.81 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -82,140,593.14 | -42,980,002. ...