Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with total revenue reaching RMB 500 million, representing a 20% year-over-year growth[1]. - Basic earnings per share for the first half of 2022 was CNY 0.08, a decrease of 50% compared to CNY 0.16 in the same period last year[22]. - Diluted earnings per share for the first half of 2022 was CNY 0.08, reflecting a 50% decline from CNY 0.16 year-on-year[22]. - The net profit attributable to shareholders decreased by 26.71 million RMB, a decline of 50.79% year-on-year[23]. - The company's operating revenue for the first half of 2022 was ¥548,458,002.03, representing a year-on-year increase of 2.60%[88]. - The company's cash flow from operating activities increased by 4.82% year-on-year, amounting to 63.73 million RMB[23]. - The company's total assets decreased by 5.71% from the end of the previous year, totaling 1.69 billion RMB[23]. - The company's total assets at the end of the reporting period were significantly impacted, with cash and cash equivalents increasing by 55.37% to ¥527,622,577.18[92]. Market Outlook and Strategy - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of 25% based on current market trends and demand[1]. - The company is expanding its market presence, targeting a 10% increase in market share in the Asia-Pacific region by the end of 2022[1]. - Strategic acquisitions are being considered, with a focus on companies that specialize in eco-friendly materials to align with sustainability goals[1]. - The company is committed to continuous innovation and expanding its product line to meet customer needs and enhance market share[29]. - The company aims to meet diverse printing needs with products that are close to or at international advanced levels in terms of formulation technology and efficacy[34]. Research and Development - The R&D investment as a percentage of operating income increased to 3.88%, up by 0.12 percentage points from 3.76% year-on-year[22]. - The total R&D investment for the period reached ¥21,252,841.47, an increase of 5.83% compared to the same period last year[56]. - The company has 18 invention patents and has established a core technology in UV, offset, and liquid inks, enhancing its competitive edge in the market[40]. - The company has established a strong technical research department with four research divisions and a functional materials R&D center, focusing on over ten major research projects annually[63]. - The company is developing several new products, including high-concentration inks and non-mineral oil inks, with total expected investments of ¥2,950,000 and ¥2,830,000 respectively[59]. Environmental Commitment - The company focuses on developing environmentally friendly ink products and has a leading position in production scale and technology within the domestic industry[29]. - The company is committed to developing green printing inks that have received national environmental mark product technical recognition, becoming mainstream products in the market[34]. - The ink industry is experiencing a shift towards eco-friendly products, with increasing demand for low VOCs, biodegradable, and water-based inks, driven by consumer preferences and regulatory changes[36][43]. - The company has implemented an environmental self-monitoring plan approved by local ecological environment authorities, with various emission points tested monthly or quarterly, all reporting compliant results[116]. - The company has established effective pollution prevention facilities, including a UV workshop exhaust treatment device and a wastewater treatment system, all operating normally[112]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 5% reduction in production costs by optimizing supply chain management[1]. - The company maintains a leading market share in the ink industry, ranking third in sales revenue among key enterprises and first in UV ink production among comparable competitors[41]. - The company has launched nearly 100 automatic and semi-automatic ink supply devices, supporting energy-saving and waste reduction for printing enterprises[50]. - The company completed the trial production of over 25% high bio-based UV ink, certified by the US BETA laboratory[51]. - The company has developed high-performance UV resin and water-based materials, optimizing printing adaptability for various substrates and environmental requirements[50]. Risks and Challenges - There are no significant risks identified that could impact the company's operations during the reporting period, ensuring stability for investors[1]. - The report emphasizes the importance of risk awareness regarding forward-looking statements, advising investors to remain cautious[1]. - The company anticipates challenges in the ink industry due to increased competition and potential price declines in products, particularly in the LED-UV printing market[89]. - The company is facing potential risks from changes in tax policies, particularly after the expiration of its high-tech enterprise status, which currently allows a reduced corporate tax rate of 15%[86]. Shareholder and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[163]. - The company has established a long-term commitment to maintain compliance with relevant laws and regulations regarding share transfers and related-party transactions[130]. - The company will ensure that future directors and senior management adhere to the commitments made by current leadership regarding compensation and stock price stabilization[148]. - The company will publicly explain the specific reasons for any failure to fulfill commitments at shareholder meetings and designated media[151]. - The company has committed to protecting shareholder rights and will adjust its profit distribution policy based on significant changes in the external operating environment or its own operational status[161].

2022 年第一季度报告 证券代码：688571 证券简称：杭华股份 杭华油墨股份有限公司 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、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。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 | | | 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 | | 279,408,731.47 | 9.61 | | 归属于上市公司股东的净利润 | | 9,585,288.33 | -57.83 | | 归属于上市公司股东的扣除非 | | 8,090,681. ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a growth of 15% year-over-year[14]. - The company's operating revenue for 2021 was CNY 1,148,662,209.11, representing a year-on-year increase of 16.37% compared to CNY 987,054,125.21 in 2020[22]. - The net profit attributable to shareholders for 2021 was CNY 112,913,578.20, a 3.34% increase from CNY 109,265,288.59 in 2020[22]. - The cash flow from operating activities for 2021 was CNY 118,316,305.30, down 9.72% from CNY 131,052,686.27 in 2020[22]. - The gross margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[14]. - The company achieved an investment income of ¥21,085,692.15, a significant increase of 235.84% compared to ¥6,278,541.33 from the previous year[92]. - The company’s annual production capacity includes 5,000 tons of UV ink and 10,000 tons of liquid ink, which began operations in 2020[88]. - The company’s brand "Hanghua" is recognized as a high-tech, high-quality, and high-service brand in the national ink industry[81]. Research and Development - Investment in R&D has increased by 25%, focusing on the development of eco-friendly ink products and advanced printing technologies[14]. - The R&D expenditure as a percentage of operating revenue was 3.81% in 2021, down from 3.97% in 2020[23]. - The company launched the MontAge series of LED-UV curing inks, addressing high energy consumption and low efficiency issues in traditional printing processes[33]. - The company has established a robust technical research department with five research divisions and an analysis testing center, focusing on over ten major research projects annually[74]. - The company has maintained a research and development team of 91 members, accounting for 13.64% of the total workforce, with an average salary of ¥22.31 million[73]. - The company is developing a new resin for yellow pigment dispersion, with an investment of 2,377,099.40 RMB aimed at enhancing the flow properties of inks[68]. - The company is focused on expanding its market presence through innovative product development and strategic investments in R&D[68]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[14]. - The company is committed to expanding its product line to enhance environmental friendliness and meet energy-saving requirements, thereby increasing market share[38]. - The company aims to enhance brand influence through personalized services to key customers in the printing industry, thereby increasing customer loyalty[42]. - The company is actively pursuing the development of low VOCs and environmentally friendly ink products, aligning with national policies promoting green printing[46]. - The company is focused on achieving a balance between business growth and environmental protection through sustainable practices[155]. Corporate Governance - The company has established a robust governance structure, ensuring independence from major shareholders and compliance with relevant laws and regulations[165]. - The company emphasizes investor relations and has established a dedicated office for information disclosure and management, ensuring effective communication with shareholders[166]. - The company has held two shareholder meetings during the reporting period to ensure equal treatment of all investors and uphold governance standards[164]. - The board of directors convened six meetings, maintaining compliance with legal requirements and ensuring effective decision-making processes[165]. - The company has established specialized committees to enhance governance and oversight, including audit, nomination, remuneration, and strategy committees[187]. Environmental Commitment - The company has received the "Ten Ring Certification," indicating compliance with environmental standards, which is expected to enhance brand reputation and customer trust[14]. - The company is committed to advancing green, digital, intelligent, and intensive development in the ink industry, aligning with the broader trends in the printing sector[57]. - The company’s ink products were included in the 2021 Green Raw and Auxiliary Material Product Directory, enhancing future market expansion opportunities[125]. - The company is focused on developing innovative products using green resources, including plant oils and modified resins, to meet high-quality packaging demands[160]. - The company aims to align its product development with national strategies for carbon neutrality and environmental sustainability[122]. Risk Management - The company has not faced any significant risks that could materially affect its operations during the reporting period[4]. - The company is exposed to risks from intensified market competition, particularly in the UV ink sector, as more companies enter the market[85]. - The company’s operations may be impacted by stricter environmental regulations, necessitating increased investment in environmental protection measures[85]. - The company is facing potential risks from fluctuating exchange rates, particularly with the USD and JPY, which could impact its international pricing competitiveness[90]. Employee and Management - The company emphasizes employee training and development, implementing various training programs to enhance skills and management capabilities[196]. - The total number of employees in the parent company is 523, and in major subsidiaries, it is 144, resulting in a total of 667 employees[194]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed as cash dividends each year[198]. - The company has established a risk management department led by Chen Ke, who has been in position since September 2019[180]. - The company’s board of directors approved the remuneration policies and plans for directors and senior management, which are based on industry standards and company performance[183].

Financial Performance - The company's revenue for Q3 2021 was ¥300,333,453.55, representing a year-over-year increase of 9.82%[6] - Net profit attributable to shareholders decreased by 9.34% to ¥29,549,569.77 in Q3 2021[6] - The basic earnings per share for the period was ¥0.09, down 35.71% compared to the previous year[7] - Total operating revenue for the first three quarters of 2021 reached ¥834,868,956.92, a 21.1% increase from ¥689,582,183.96 in the same period of 2020[21] - Net profit for the first three quarters of 2021 was ¥82,121,529.78, representing a 17.5% increase compared to ¥70,072,140.51 in 2020[22] - The total profit for the first three quarters of 2021 was ¥93,153,290.17, an increase from ¥79,010,266.40 in 2020, marking a growth of 17.9%[22] Expenses and Costs - Research and development expenses totaled ¥10,162,891.45, accounting for 3.38% of revenue, a decrease of 0.36 percentage points year-over-year[7] - Total operating costs for the first three quarters of 2021 were ¥756,249,726.77, up 22.1% from ¥619,216,399.22 in the previous year[21] - Research and development expenses for the first three quarters of 2021 amounted to ¥29,582,223.59, slightly up from ¥28,379,349.64 in the same period of 2020[21] - Sales expenses increased to ¥52,814,656.56 in the first three quarters of 2021, compared to ¥45,774,793.68 in 2020, reflecting a growth of 15.4%[21] Assets and Liabilities - Total assets increased by 1.74% to ¥1,688,243,415.43 compared to the end of the previous year[7] - The company's total current assets reached RMB 1,380,964,012.72, compared to RMB 1,323,953,271.55 at the end of 2020, indicating an increase of about 4.3%[15] - The company's total liabilities decreased to RMB 337,564,310.75 from RMB 347,052,126.41, showing a reduction of about 2.8%[17] - The total equity attributable to shareholders increased by 3.11% to ¥1,350,679,104.68 compared to the end of the previous year[7] - The company's accounts receivable stood at RMB 278,249,096.05, slightly up from RMB 275,740,563.42, indicating a growth of about 0.5%[15] - The inventory value was reported at RMB 162,181,309.14, a marginal increase from RMB 160,026,984.92, reflecting a growth of approximately 1.3%[15] Cash Flow - Cash flow from operating activities for the year-to-date was ¥82,604,448.52, reflecting a decrease of 11.89%[7] - Cash flow from operating activities for the first three quarters of 2021 was ¥82,604,448.52, a decrease from ¥93,748,519.87 in the previous year[26] - The net cash flow from investing activities was -171,545,501.93, compared to -25,958,729.00 in the previous period, indicating a significant increase in cash outflow for investments[27] - The total cash outflow from financing activities was 40,844,186.08, slightly lower than 42,210,000.00 in the previous period, reflecting a stable financing strategy[27] - The net increase in cash and cash equivalents was -129,799,270.01, contrasting with a positive increase of 25,964,998.97 in the previous period, highlighting a cash flow challenge[27] - The ending balance of cash and cash equivalents was 314,924,316.31, down from 367,436,941.57 in the previous period, indicating a decrease in liquidity[27] - The company reported a total investment cash outflow of 943,384,061.28, significantly higher than 32,439,150.89 in the previous period, suggesting aggressive investment activities[27] Other Information - The company reported non-recurring gains of ¥3,367,938.26 for the period[9] - The weighted average return on equity decreased by 1.47 percentage points to 2.21%[7] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[14] - The company did not apply the new leasing standards starting from 2021, indicating a potential area for future financial reporting adjustments[27]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a year-on-year growth of 20%[1]. - The company's operating revenue for the first half of 2021 increased by 28.46% to approximately RMB 534.54 million compared to the same period last year[20]. - Net profit attributable to shareholders rose by 41.87% to approximately RMB 52.59 million, while net profit excluding non-recurring gains and losses increased by 35.01% to approximately RMB 42.03 million[20]. - The basic and diluted earnings per share both grew by 6.67% to RMB 0.16[20]. - The net cash flow from operating activities surged by 78.06% to approximately RMB 60.80 million due to increased sales and faster collection of receivables[21]. - The company achieved a revenue of 534.54 million yuan in the first half of 2021, representing a year-on-year increase of 28.46%[59]. - The net profit for the first half of 2021 was ¥52,571,960.01, representing a 40.5% increase compared to ¥37,392,277.04 in the first half of 2020[190]. Market Expansion and Product Development - The company has provided a positive outlook for the second half of 2021, projecting a revenue growth of 25% based on current market trends and demand[1]. - New product development includes the launch of a UV ink product line, which is expected to contribute an additional RMB 50 million in revenue by the end of the year[1]. - The company is expanding its market presence, targeting a 10% increase in market share in the Southeast Asia region by the end of 2021[1]. - The company is actively exploring potential mergers and acquisitions to enhance its product offerings and market reach[1]. - The company emphasizes innovation in product design and technology, aiming to enhance product lines to meet customer demands and improve environmental friendliness[26]. - The company is expanding the market for its SURFACE series and low-odor plant-based products, focusing on high concentration and printing stability[40]. Research and Development - The management has highlighted ongoing research and development efforts aimed at improving product quality and reducing production costs by 5%[1]. - Research and development expenses accounted for 3.76% of operating revenue, a decrease of 0.60 percentage points from the previous year[20]. - The company achieved a total R&D investment of ¥20,081,784.96, representing a 10.60% increase compared to the previous period[46]. - The company has developed a comprehensive R&D system and possesses 17 invention patents, focusing on energy-saving and environmentally friendly ink products[35]. - The company has initiated the development of a "cloud-based color management system," which is currently being implemented in phases[17]. - The company is developing high bio-based UV inks with a target bio-content of ≥20%[14]. Environmental Commitment - The company is recognized as a "Green Design Demonstration Enterprise" by the Ministry of Industry and Information Technology, highlighting its commitment to sustainable practices[35]. - The company has implemented pollution prevention facilities that comply with environmental regulations, with all systems operating normally[92]. - The wastewater treatment system utilizes A/O + membrane treatment and meets discharge standards[93]. - The company has completed the environmental impact assessment for the "5000 tons/year UV ink capacity replacement technology transformation project" and received approval in June 2016, with the project undergoing self-environmental acceptance in August 2020[96]. - The company reported a reduction of 6.5 tons of CO2 emissions for every ton of equivalent replaced with LED-UV curing ink, contributing to improved carbon emission levels in the printing process[102]. Financial Management and Shareholder Relations - The company has no plans for profit distribution or capital increase through reserves during this reporting period[1]. - The company has a profit distribution policy that prioritizes cash dividends, with a minimum of 10% of distributable profits to be distributed annually[144]. - The company will conduct cash dividends once a year after the annual shareholders' meeting, with potential mid-term dividends based on profitability[146]. - The company guarantees that there will be no fraudulent issuance of shares during the public offering and will repurchase all newly issued shares if conditions are not met[129]. - The company commits to fulfilling all public commitments made during its IPO and accepts social supervision[141]. Risks and Challenges - The company faced rising costs due to global commodity price increases but managed to mitigate these through refined management and locking in raw material prices[21]. - The company is facing risks related to intensified market competition and fluctuations in raw material prices, which could impact its market share and profitability[65]. - The printing industry, a key downstream sector, has seen revenue growth slow from over 40% at the beginning of the year to below 20%, indicating potential demand risks for the company[68]. Corporate Governance - The company held 2 shareholder meetings during the reporting period, with all proposals approved and no rejected resolutions[85]. - The company has established a long-term commitment to resolve related party transactions[107]. - The company has a commitment to report shareholding changes in a timely manner during the tenure of its directors and senior management[110].

2021 年第一季度报告 公司代码：688571 公司简称：杭华股份 杭华油墨股份有限公司 2021 年第一季度报告 1 / 21 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 7 | | 四、 | 附录 9 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 4 / 21 2.1 主要财务数据 3 / 21 本报告期末 上年度末 本报告期末比上年度 末增减（%） 总资产 1,661,675,875.50 1,659,380,065.91 0.14 归属于上市公司股东的 净资产 1,332,456,718.25 1,309,952,782.85 1.72 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 经营活动产生的现金流 量净额 18,632,726.80 -5,039,951.80 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 254,916,014.24 182,202,743.14 39.91 归属于上市公司股东的 净利润 22,728,810.02 10,138,860 ...

Financial Performance - The company's operating revenue for 2020 was ¥987,054,125.21, a decrease of 2.04% compared to ¥1,007,624,367.27 in 2019[21]. - Net profit attributable to shareholders for 2020 was ¥109,265,288.59, representing an increase of 21.24% from ¥90,121,712.50 in 2019[21]. - The net profit after deducting non-recurring gains and losses was ¥97,019,949.62, up 24.12% from ¥78,168,951.54 in 2019[21]. - The company's total assets at the end of 2020 reached ¥1,659,380,065.91, a 36.58% increase from ¥1,214,985,661.27 at the end of 2019[21]. - The net assets attributable to shareholders increased by 50.01% to ¥1,309,952,782.85 from ¥873,262,823.98 in 2019[21]. - Basic earnings per share for 2020 were ¥0.46, a 21.05% increase from ¥0.38 in 2019[22]. - The net cash flow from operating activities for 2020 was ¥131,052,686.27, a decrease of 1.30% from ¥132,783,612.44 in 2019[21]. - The company's overseas revenue decreased by 39.01% due to the ongoing pandemic and economic downturn in foreign markets[85]. - The company achieved operating revenue of 987.05 million yuan, a decrease of 2.04% year-on-year[80]. - The net profit attributable to the parent company was 109.27 million yuan, an increase of 21.24% year-on-year[80]. Dividend Policy - The proposed cash dividend for 2020 is CNY 1.10 per 10 shares, totaling CNY 35.2 million, which represents 32.22% of the net profit attributable to the parent company[5]. - The company must distribute at least 10% of its distributable profit as cash dividends annually, and the cumulative cash dividends over any three consecutive years must not be less than 30% of the average annual distributable profit for those three years[148]. - In a mature stage without significant capital expenditure, the minimum cash dividend ratio should be 80% of the profit distribution; if there are significant expenditures, it should be at least 40%[149]. - The company’s cash dividend policy allows for mid-term cash dividends based on the company's profitability and funding needs[149]. - The company’s cash dividends for 2019 were 1.68 RMB per 10 shares, totaling 40.32 million RMB, which was 44.74% of the net profit[153]. - The company’s cash dividends for 2018 were 1.32 RMB per 10 shares, totaling 31.68 million RMB, which was 47.34% of the net profit[153]. - The company must adjust its profit distribution policy if there are significant changes in the external operating environment or its own operational status, ensuring shareholder rights are protected[151]. - The company’s board of directors must propose the profit distribution plan, which requires independent directors' opinions and shareholder approval[150]. - The company has not conducted any capital reserve transfers or stock dividends in the 2020 profit distribution plan[152]. Research and Development - The total R&D expenditure for the year was ¥39,152,417.09, a decrease of 5.13% compared to the previous year’s ¥41,268,497.36[51]. - R&D expenditure accounted for 3.97% of operating revenue, down from 4.10% in the previous year, reflecting a 3.17% decrease[51]. - The company has developed 16 invention patents and possesses core technologies in UV ink, offset ink, and liquid ink, establishing a strong competitive advantage in the industry[41]. - The company has established a comprehensive R&D system for ink products, leveraging extensive experimental data and process experience to enhance product quality and performance[39]. - The R&D team consists of 91 members, with 60.44% holding a bachelor's degree and 16.48% holding a master's degree[58]. - The company is committed to continuous innovation in product design and process improvement to enhance market share and meet customer needs[32]. - The company has made significant progress in developing UV inks, with several projects reaching advanced stages of development and testing[53]. - The company is focusing on developing biodegradable and compostable inks, aiming to reduce reliance on petroleum-based products[43]. Market Position and Strategy - The company maintains a market share of over 6.3% in the ink product sector among key enterprises, with a leading market share of over 52.6% in UV ink products[40]. - The company focuses on developing eco-friendly ink products, with a significant emphasis on UV ink, which has become one of the fastest-growing segments in the market[32]. - The company is expanding its product line to include water-based and solvent-based inks, aiming to reduce environmental impact and meet increasing regulatory demands[32]. - The company’s revenue primarily comes from the sales of energy-saving and environmentally friendly ink products, with a focus on high cost-performance and stable mass production[34]. - The company is positioned to benefit from the growing demand for environmentally friendly inks, aligning with national strategies for green and low-carbon development[109]. - The company aims to enhance its production capacity for packaging printing inks, with a project to produce 10,000 tons of liquid ink and 8,000 tons of functional materials annually[138]. Corporate Governance and Compliance - The company has not disclosed any special arrangements for corporate governance[7]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has made commitments to ensure compliance with regulations regarding share sales and related transactions[157]. - The company will ensure that future newly appointed directors, supervisors, and senior management fulfill the obligations as per the commitments made by existing personnel[179]. - The company will publicly explain the reasons for not fulfilling compensation measures at the shareholders' meeting and apologize to shareholders if it fails to implement them[177]. Risks and Challenges - The company faces risks related to core competitiveness, including the need for continuous innovation and the potential loss of key technical personnel[73]. - The company operates in a highly competitive market, with increasing pressure from both domestic and international competitors in the UV ink sector[74]. - Raw material costs account for approximately 84% of production costs, making the company vulnerable to price fluctuations in key materials[75]. - The company is subject to environmental regulations and risks associated with the production of hazardous chemicals, which could impact operational performance[76]. - The company faces risks related to raw material supply from its largest supplier, TOKA, which accounted for 88.44 million yuan in procurement[77]. Shareholder Commitments - The actual controller and shareholders have made commitments regarding share sales, with a lock-up period of 36 months from the date of listing[156]. - The company has commitments related to share sales that include a 12-month lock-up period for certain senior management personnel[157]. - The company has ongoing commitments to resolve competition issues and related party transactions, with a long-term commitment period[156]. - The company has established a framework for monitoring and ensuring compliance with its commitments and obligations[157].