证券代码：688571 证券简称：杭华股份 公告编号：2023-008 杭华油墨股份有限公司 关于召开 2022 年度业绩说明会的公告 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： ●会议召开时间：2023 年 5 月 8 日（星期一）上午 10:00-11:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 " 上 证 路 演 中 心 " （http://roadshow.sseinfo.com） ●会议召开方式：上证路演中心视频结合网络文字互动 ●投资者可于 2023 年 4 月 26 日(星期三) 至 5 月 5 日(星期五)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 stock@hhink.com 进行提问。说明会上公司将在信息披露允许的范围内对投资者 普遍关注的问题进行回答。 杭华油墨股份有限公司（以下简称"公司"或"杭华股份"）已于 2023 年 4 月 19 日在上海证券交易所网站（www.sse.com.cn）披露《杭华油墨股份有限 公司 2 ...

Financial Performance - The proposed cash dividend for 2022 is CNY 1.60 per 10 shares, totaling CNY 51.20 million, which represents 64.34% of the net profit attributable to the parent company [5]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year, representing a 15% year-over-year growth [22]. - The company's operating revenue for 2022 was approximately CNY 1.14 billion, a decrease of 0.80% compared to 2021 [24]. - The net profit attributable to shareholders decreased by 29.53% to CNY 79.57 million in 2022 [24]. - Basic earnings per share fell by 28.57% to CNY 0.25, while diluted earnings per share remained the same [25]. - The net cash flow from operating activities increased by 24.01% to CNY 146.72 million [24]. - The company's total assets decreased by 1.29% to approximately CNY 1.77 billion at the end of 2022 [24]. - The overall gross margin level decreased by 2.96 percentage points due to rising raw material costs influenced by international oil price fluctuations [97]. - The company’s revenue for the reporting period was CNY 1,139,480,901.90, a decrease of 0.80% compared to the previous year [104]. Research and Development - The company is investing 50 million RMB in R&D for new printing technologies aimed at enhancing production efficiency by 30% [22]. - Research and development expenses accounted for 3.82% of operating revenue, slightly up from 3.81% in 2021 [25]. - The company added 2 invention patents and 1 software copyright during the reporting period, bringing the total number of invention patents to 20 [40]. - The company has developed core technologies in UV ink, gravure ink, and liquid ink, supported by 20 authorized patents [57]. - The R&D investment for the year was approximately ¥43.54 million, a slight decrease of 0.60% compared to the previous year, with R&D expenses accounting for 3.82% of revenue [75]. - The company is focusing on developing green ink products and technologies to support the printing and downstream manufacturing industries in reducing carbon emissions [131]. - The company is committed to energy-saving and environmentally friendly practices in product development, production, logistics, and infrastructure [131]. Market Strategy and Expansion - The company plans to increase its total share capital from 320 million shares to 416 million shares by issuing 3 new shares for every 10 shares held, resulting in a total of 96 million new shares [5]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB [22]. - Market expansion plans include entering Southeast Asia, targeting a 10% market share within three years [22]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million RMB allocated for potential targets [22]. - The company is actively exploring talent development through partnerships with universities, focusing on digital talent in areas such as digital printing and functional materials [44]. - The company aims to enhance its production capacity for liquid inks and functional materials, targeting an annual output of 10,000 tons of liquid ink and 8,000 tons of functional materials in its second-phase project [173]. Corporate Governance - The board of directors and management confirm the accuracy and completeness of the annual report [4]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity of the annual report [8]. - The company has established specialized committees under the board, including an audit committee, strategic committee, nomination committee, and compensation and assessment committee to ensure professional decision-making [180]. - The company has improved its internal control system and governance structure to enhance operational efficiency and promote sustainable development [179]. - The company actively communicates with investors and has designated a board office to manage investor relations and information disclosure [180]. Environmental and Regulatory Compliance - The company continues to lead the green and sustainable development of the ink industry by participating in the formulation and revision of 14 national/industry standards [40]. - The company is adapting to industry regulations aimed at promoting environmentally friendly and low VOCs inks, which will drive market growth for sustainable products [130]. - The company is committed to promoting energy-saving and environmentally friendly ink products, which are becoming mainstream in the market [165]. - The company is actively adapting to regulatory changes promoting low-VOCs inks, aligning with national policies for green product consumption [55]. Risks and Challenges - There are no significant risks that could materially affect the company's operations during the reporting period [4]. - The company faced increased costs due to rising prices of solvents, resins, and other chemicals, impacting net profit significantly [26]. - The company is at risk of losing market share if it fails to continuously develop new products that meet customer needs [94]. - The company faces risks from intensified market competition, particularly in the UV ink sector, as more companies enter the market [96]. - The company is currently facing risks related to exchange rate fluctuations, particularly with the USD and JPY, which could impact its financial performance [102]. Product Development and Innovation - New product launches included a line of eco-friendly inks, which are expected to capture 5% of the market share within the next two years [22]. - The company has developed a new plant-based ink formula that features fast curing, low VOCs, and low odor, which is now being commercially promoted [66]. - The company launched over 100 automatic and semi-automatic ink supply devices, supporting energy-saving and waste reduction efforts in the printing industry [67]. - The company completed the development of water-based ink for decorative and digital paper, with performance meeting or exceeding imported advanced inks [78]. - The company is focusing on developing green printing materials and digital printing technology to enhance color management systems [79]. Financial Position and Investments - The company's cash and cash equivalents increased by 112.98% to ¥723,234,604.89, compared to ¥339,582,756.57 in the previous period, primarily due to the maturity of large deposits and structured deposits [124]. - The company's long-term equity investments increased by 100% to ¥15,290,900.98, indicating an increase in external investments [124]. - The company has invested a total of 19,550,000 RMB in external equity investments during the reporting period, a decrease of 93.31% compared to the previous year [156]. - The company holds financial assets valued at 535 million RMB at the beginning of the period, with a fair value change loss of 200 million RMB during the period, resulting in an ending balance of 335 million RMB [160].

Financial Performance - The company's operating revenue for Q3 2022 was ¥298,010,953.47, a decrease of 0.77% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥21,810,752.31, down 26.19% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥15,094,706.42, a decline of 42.35% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2022 was CNY 846,468,955.50, an increase from CNY 834,868,956.92 in the same period of 2021, representing a growth of approximately 1.4%[25]. - Net profit for the third quarter of 2022 was CNY 47,673,096.28, a decrease from CNY 82,121,529.78 in the same quarter of 2021, reflecting a decline of approximately 42.0%[28]. - Operating profit for the first three quarters of 2022 was CNY 45,695,284.54, a decline of 48.5% compared to CNY 88,799,986.73 in the same period of 2021[36]. - The company experienced a decrease in total profit to CNY 45,775,780.84 in the first three quarters of 2022, down from CNY 88,794,312.46 in the same period of 2021[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,722,273,824.49, a decrease of 3.77% from the end of the previous year[7]. - The total assets as of the end of the third quarter of 2022 were CNY 1,722,273,824.49, a decrease from CNY 1,789,777,153.08 at the end of the previous year[23]. - Total liabilities as of the end of the third quarter of 2022 were CNY 355,767,985.91, down from CNY 408,350,459.74 in the previous year, indicating a reduction of about 12.9%[23]. - Total liabilities decreased to 280,521,908.46 RMB from 343,598,361.62 RMB year-over-year[34]. - The company's total equity as of the end of the third quarter of 2022 was CNY 1,366,505,838.58, slightly decreasing from CNY 1,381,426,693.34 in the previous year[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥114,487,224.92, an increase of 38.60% compared to the previous year[7]. - Cash inflow from operating activities increased to 731,626,110.76 RMB compared to 715,614,385.37 RMB in the previous year[30]. - Cash inflow from investment activities rose to 931,345,863.65 RMB, up from 771,838,559.35 RMB in the previous year[31]. - The company reported a net cash flow from investing activities of CNY 365,811,122.93 in the first three quarters of 2022, compared to a negative cash flow of CNY 189,352,179.14 in the same period of 2021[38]. Research and Development - The company's R&D investment totaled ¥10,475,770.85 for the quarter, representing 3.52% of operating revenue, an increase of 0.14 percentage points year-on-year[7]. - Research and development expenses for the first three quarters of 2022 totaled CNY 31,728,612.32, compared to CNY 29,582,223.59 in 2021, marking an increase of approximately 7.3%[25]. - The company plans to increase its R&D investment and innovation capabilities to maintain its competitive edge in specialized markets[16]. - The company invested a total of RMB 15 million in two new material companies, acquiring a 5% stake in each, to enhance its competitiveness in the new materials sector[17]. Challenges and Strategies - The company faced challenges due to rising costs of raw materials and logistics disruptions, impacting profitability[10]. - The company plans to continue product price adjustments and strengthen cost control measures to mitigate the impact of rising costs[10]. - The company aims to expand its product applications beyond traditional printing and packaging into sectors like decoration, construction, and electronics, focusing on high-end industrial manufacturing[18]. - The company’s strategic investment in new materials is aligned with its long-term development strategy and aims to broaden its business scope[19]. Shareholder Information - The basic earnings per share for Q3 2022 were ¥0.07, a decrease of 22.22% compared to the same period last year[7]. - Basic and diluted earnings per share fell to 0.15 RMB from 0.26 RMB in the same period last year[29]. - Basic and diluted earnings per share for the first three quarters of 2022 were CNY 0.13, down from CNY 0.25 in the same period of 2021[36].

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].