Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[14]. - The company's operating revenue for the first half of the year was ¥231.50 million, an increase of 3.66% compared to ¥223.33 million in the same period last year[21]. - Net profit attributable to shareholders decreased by 28.46% to ¥22.33 million from ¥31.22 million year-on-year[21]. - The net cash flow from operating activities was ¥9.84 million, down 51.76% from ¥20.40 million in the previous year, primarily due to increased working capital investment in new projects[23]. - Basic earnings per share decreased by 40.40% to ¥0.15 from ¥0.25 in the same period last year[22]. - The company reported a net profit for the first half of 2022 of CNY 22,950,885.16, a decrease of 26.5% from CNY 31,218,468.75 in the same period of 2021[194]. - Total comprehensive income for the first half of 2022 was ¥72,211,629.10, compared to ¥11,873,642.56 in the same period last year, showing a growth of 508.5%[199]. Market Expansion and Product Development - User data showed an increase in active users by 20%, reaching a total of 1 million active users[14]. - The company plans to launch two new products in Q3 2022, aiming to capture a larger market share in the flexible cable segment[14]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[14]. - The company expects to benefit from the growing demand for functional materials in the new energy vehicle sector, with a projected increase in market space for its products[29]. - The company plans to enhance its product offerings in the new energy vehicle market, particularly in FFC thermal adhesive films and related materials[29]. - The company is focusing on the development of high-performance hot melt adhesive films for automotive applications, which have passed customer testing and entered mass production[33]. - The company is committed to expanding its product applications in various sectors, including automotive, electronics, and communication industries[50]. Research and Development - Research and development expenses increased by 30%, reflecting the company's commitment to innovation and new technology[14]. - The company's R&D expenditure as a percentage of operating revenue increased to 6.03%, up 0.62 percentage points from 5.41%[22]. - The company achieved a total R&D investment of ¥13,949,692.70, representing a 15.44% increase compared to ¥12,084,030.12 in the same period last year[46]. - The company added 17 new intellectual property rights in the first half of 2022, including 8 invention patents and 9 utility model patents, bringing the total to 350 applications and 292 granted[45]. - The company has a total of 288 patents, including 46 invention patents, reflecting its strong technological advantage and commitment to R&D[57]. Financial Health and Risks - Total assets at the end of the reporting period were ¥995.68 million, an increase of 2.93% from ¥967.37 million at the end of the previous year[21]. - The weighted average return on net assets decreased by 2.49 percentage points to 2.63% from 5.12% year-on-year[22]. - The company has identified potential risks related to supply chain disruptions and is actively working on mitigation strategies[14]. - The company's accounts receivable net amount was CNY 178.47 million, accounting for 17.93% of total assets and 77.09% of operating revenue, indicating a significant risk of collection[70]. - The company faces risks related to raw material price fluctuations, which could significantly impact its financial performance due to the high proportion of raw materials in production costs[70]. Environmental and Sustainability Initiatives - The company’s strategic focus on environmentally friendly products is expected to benefit from stricter industry standards and increasing consumer demand for sustainable solutions[31]. - The company has developed environmentally friendly hot melt adhesive films that comply with environmental regulations and have received multiple international certifications, including RoHS2.0[98]. - The company has adopted a green production process for LED flexible circuit boards, using physical cutting instead of chemical etching, contributing to environmentally friendly manufacturing[99]. - The company has established pollution treatment procedures and emission standards to promote resource conservation and reduce water and electricity consumption[100]. Shareholder Commitments and Governance - The controlling shareholder, Ternell, committed to not transferring or entrusting the management of shares for 36 months post-IPO[106]. - The actual controller, Wu Zhongqian, made similar commitments regarding share management for 36 months post-IPO[106]. - The company has committed to fill the dilution of immediate returns for shareholders long-term[104]. - The company will ensure compliance with all legal and regulatory requirements regarding share transfers and reductions[123]. - The company will not engage in any business that competes with its subsidiaries, both domestically and internationally[136].

Financial Performance - The company's operating revenue for 2021 was CNY 455,042,332.42, representing a year-on-year increase of 13.52% compared to CNY 400,831,591.23 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 67,744,752.20, which is a 7.00% increase from CNY 63,310,927.81 in 2020[20]. - The cash flow from operating activities for 2021 increased by 56.04% to CNY 80,124,354.22, up from CNY 51,347,288.63 in 2020[20]. - The total assets at the end of 2021 were CNY 967,365,887.06, a 62.20% increase from CNY 596,387,579.88 at the end of 2020[20]. - The net assets attributable to shareholders increased by 68.46% to CNY 835,559,646.18 at the end of 2021, compared to CNY 496,002,076.36 at the end of 2020[20]. - The basic earnings per share for 2021 was CNY 0.50, down 12.28% from CNY 0.57 in 2020[21]. - The net profit after deducting non-recurring gains and losses was CNY 57,887,200.53, a marginal increase of 0.55% from CNY 57,568,979.35 in 2020[20]. - The company reported a total revenue of approximately 3,643,010.92 for the year, with a significant increase in user data and product applications in communication and mobile devices[90]. - The company reported a total revenue of approximately 56.55 million RMB, with a significant increase from 25.38 million RMB in the previous period, representing a growth of 122.5%[92]. - The company reported a revenue of 1.2 billion in 2021, representing a year-over-year growth of 15%[158]. - The company achieved a total revenue of approximately 1.5 billion for the fiscal year, representing a 20% year-over-year growth[160]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares, totaling 22,284,000 RMB, which represents 32.89% of the net profit attributable to ordinary shareholders[5]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits, indicating a focus on reinvestment strategies[185]. Research and Development - The R&D expenditure as a percentage of operating revenue was 5.58% in 2021, slightly down from 5.66% in 2020[22]. - The company achieved a research and development investment of 25.38 million yuan in 2021, representing a year-on-year increase of 11.77%, with R&D expenses accounting for 5.58% of total revenue[41]. - The company added 49 new patents during the reporting period, bringing the total to 256 patents[32]. - The company holds 256 authorized patents, including 36 invention patents, which are critical for maintaining its competitive edge[101]. - The cumulative number of invention patents reached 91, with 36 granted, while utility model patents totaled 219, with 220 granted[87]. - The company is focusing on R&D for new products and processes, with a strategy to enhance core competitiveness and optimize existing adhesive formulations to reduce costs[51]. - The company is focusing on the R&D of high-frequency and high-speed transmission materials, particularly in the 3C electronics and new energy vehicle sectors, aiming to enhance product performance and market share[140]. - The company is committed to enhancing its product offerings through continuous innovation and adaptation to the fast-paced technological advancements in the 3C and home appliance sectors[99]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies and products[26]. - The company is focusing on the new energy industry chain, with products already being supplied to major automotive manufacturers[34]. - The company aims to develop over a thousand brand dealers in the automotive aftermarket within the next three years to capture market opportunities[63]. - The company is actively expanding its product offerings in the automotive materials sector, particularly under the Lyle brand, to capitalize on the growth of the new energy vehicle market[143]. - The company is pursuing strategic partnerships and acquisitions to expand its market presence and resource integration, focusing on functional coating films and downstream applications[146]. - The company is expanding its application of functional adhesive films into high-temperature, high-humidity, and high-frequency fields, with a focus on precision coating and thermoforming processes[67]. Corporate Governance and Management - The company has a standard unqualified audit report from Zhongzheng Zhonghuan Accounting Firm[5]. - The company has established a compensation and assessment committee to formulate and review the remuneration plans for directors and senior management[166]. - The company has not reported any significant changes in the capitalized R&D investment ratio[89]. - The company has implemented various internal control systems to ensure legal compliance and safeguard financial security[195]. - The company emphasizes strict compliance with corporate governance regulations and continuously improves its governance structure[200]. - The company has established a stock incentive plan with 4,720,000 restricted stocks allocated to 101 individuals, representing 3.18% of the total stock[186]. Risks and Challenges - The company has detailed risk factors in the management discussion and analysis section of the report[4]. - The company faces risks related to the rapid technological changes and the need for continuous product iteration to meet the demands of leading international manufacturers[99]. - The company faces risks related to the potential loss of core technical personnel, which could impact product development and market competitiveness[100]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. Production and Operational Efficiency - The company has implemented lean management practices to enhance production efficiency and reduce costs[39]. - The company is committed to enhancing its "smart manufacturing" capabilities through the introduction of advanced automation lines, improving overall production efficiency[141]. - The company is focusing on personalized production to meet customer demands, leveraging its extensive experience in hot melt adhesive film manufacturing[82]. - The company is implementing a dual-layer centralized control model to achieve digital, visual, and efficient management of production processes[41]. Environmental Commitment - The company is focusing on environmentally friendly processes in its production, aligning with national low-carbon policies and aiming for a significant reduction in carbon emissions by 18% during the 14th Five-Year Plan period[67]. - The company has developed environmentally friendly hot melt adhesive films that comply with environmental regulations and have received multiple international certifications[198]. - The company is dedicated to contributing to national carbon neutrality goals by investing in technological innovation and environmental protection[198]. Employee Development and Compensation - The company emphasizes a performance-based compensation policy, linking salary adjustments and bonuses to individual performance to motivate employees[179]. - The company has a structured salary system aligned with dual career development paths to encourage multi-directional employee growth[179]. - The total remuneration for directors and senior management during the reporting period amounted to 651.67 million yuan[156]. - The total remuneration for core technical personnel at the end of the reporting period amounted to 2.07 million RMB[167].

Financial Performance - The company's operating revenue for Q1 2022 was ¥111,859,401.60, representing a year-on-year increase of 7.86%[5] - The net profit attributable to shareholders decreased by 33.81% to ¥10,271,691.55 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 38.73% to ¥8,640,862.46[5] - Basic earnings per share decreased by 50.39% to ¥0.07, primarily due to the decline in net profit attributable to shareholders[6] - Net profit for Q1 2022 was CNY 10,640,502.99, a decrease of 31.6% from CNY 15,517,605.10 in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.07, down from CNY 0.14 in Q1 2021[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥6,815,123.10, indicating a decrease in sales receipts and increased inventory[6] - Cash received from sales of goods and services in Q1 2022 was CNY 106,507,072.27, a decrease of 10.4% compared to CNY 118,979,865.08 in Q1 2021[21] - The net cash flow from operating activities was -6,815,123.10, compared to -1,254,831.48 in the previous period, indicating a decline in operational performance[22] - Total cash inflow from operating activities amounted to 110,708,289.12, while cash outflow was 117,523,412.22, resulting in a net cash outflow of 6,815,123.10[22] - The total cash and cash equivalents at the end of the period were 240,407,139.98, down from 247,373,628.44 at the beginning of the period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,008,944,425.68, reflecting a 4.30% increase from the end of the previous year[6] - Total liabilities for Q1 2022 were CNY 136,033,647.93, compared to CNY 131,806,240.88 in Q1 2021[16] - Non-current assets totaled CNY 384,477,559.06, up from CNY 365,096,740.74 in the previous year[16] - As of March 31, 2022, the company's total current assets amounted to approximately ¥624.47 million, an increase from ¥602.27 million as of December 31, 2021, reflecting a growth of about 3.5%[14] Shareholder Information - The company reported a total of 23,134,000 shares of restricted stock released for trading, which accounts for 15.57% of the total share capital[11] - The top shareholder, Guangdong Ternary Investment Co., Ltd., holds 53.85% of the shares, totaling 80 million shares[10] - The company has a diverse shareholder base, with the top ten shareholders holding a combined total of approximately 92.5% of the shares[10] Research and Development - Research and development expenses totaled ¥6,611,164.77, accounting for 5.91% of operating revenue, an increase of 0.41 percentage points[6] - Research and development expenses for Q1 2022 were CNY 6,611,164.77, an increase from CNY 5,703,809.75 in Q1 2021[18] Market and Operational Challenges - The decline in net profit was mainly attributed to rising raw material prices leading to decreased gross margins[7] - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[12] Cash Flow from Activities - Cash inflow from investment activities was 35,250,273.97, while cash outflow was 49,148,937.45, leading to a net cash outflow of 13,898,663.48[22] - The cash flow from financing activities showed a net inflow of 13,810,816.66, with total cash inflow of 20,028,403.81 and outflow of 6,217,587.15[23] Other Financial Metrics - The weighted average return on equity was 1.22%, a decrease of 1.86 percentage points compared to the previous year[6] - The company reported non-recurring gains of ¥1,630,829.09, with government subsidies contributing ¥1,460,822.34[7] - The company experienced a negative impact of -63,518.54 from exchange rate fluctuations on cash and cash equivalents[23]

Financial Performance - The company's operating revenue for Q3 2021 was ¥114,952,188.51, a decrease of 10.05% compared to the same period last year[5] - Net profit attributable to shareholders was ¥22,244,841.20, down 2.27% year-on-year[5] - The net profit excluding non-recurring gains and losses was ¥16,979,269.23, a decline of 19.76% compared to the previous year[5] - Operating revenue for the first three quarters of 2021 reached ¥338,282,855.45, compared to ¥288,242,351.28 in the same period of 2020, reflecting a growth of approximately 17.4%[23] - Net profit for the first three quarters of 2021 was ¥53,463,309.95, compared to ¥49,165,715.67 in 2020, showing an increase of approximately 8.5%[24] - Basic and diluted earnings per share for the period were both ¥0.40, down from ¥0.44 in the previous year[25] - Profit before tax of ¥60,908,773.14, an increase from ¥56,214,513.97, reflecting a growth of about 8.5%[24] Assets and Liabilities - The total assets increased by 57.00% to ¥936,306,464.81 compared to the end of the previous year[10] - Total assets increased to ¥936,306,464.81 from ¥596,387,579.88, representing a growth of approximately 56.9% year-over-year[19] - Total liabilities rose to ¥117,260,172.00, up from ¥100,385,503.52, indicating an increase of about 16.5%[19] - The total assets as of the end of the third quarter of 2021 were CNY 596,387,579.88, a decrease from CNY 619,358,321.87 at the beginning of the year[31] - The total liabilities as of the end of the third quarter of 2021 were CNY 95,079,022.78, remaining unchanged compared to the previous period[31] - Total liabilities amounted to 100,385,503.52, a decrease from 123,356,245.51, representing a reduction of approximately 18.6%[32] - The total assets and liabilities combined reached 596,387,579.88, down from 619,358,321.87, indicating a decline of about 3.7%[32] Shareholder Equity - Shareholders' equity attributable to the parent company rose by 65.13% to ¥819,046,292.81[10] - The company's total equity reached ¥819,046,292.81, compared to ¥496,002,076.36, representing a growth of approximately 64.9%[20] - Owner's equity totaled 496,002,076.36, remaining unchanged compared to the previous period[32] Cash Flow - The cash flow from operating activities was ¥49,346,214.57, an increase of 19.15% year-on-year[6] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 379,516,770.85, an increase of 42.4% compared to CNY 266,644,372.58 in the same period of 2020[27] - Net cash flow from operating activities for the first three quarters of 2021 was CNY 49,346,214.57, up 19.5% from CNY 41,415,175.91 in 2020[27] - Cash inflow from financing activities in the first three quarters of 2021 was CNY 321,201,400.00, compared to CNY 0.00 in the same period of 2020[28] - Net cash flow from financing activities for the first three quarters of 2021 was CNY 273,553,595.11, improving from -CNY 17,335,067.01 in 2020[28] - The net increase in cash and cash equivalents for the first three quarters of 2021 was CNY 228,410,021.91, compared to a decrease of CNY 32,630,698.27 in 2020[28] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2021 was CNY 379,939,122.03, up from CNY 153,767,099.81 at the end of the same period in 2020[28] Research and Development - The company's R&D investment totaled ¥5,911,676.88, a decrease of 14.63% year-on-year, representing 5.14% of operating revenue[6] - Research and development expenses amounted to ¥17,995,707.00, up from ¥15,203,188.45, indicating an increase of about 18.5%[24] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies[10] - The company is actively exploring new product development and market expansion strategies to enhance its competitive position in the industry[16] - The management is optimistic about future growth prospects, driven by ongoing investments in technology and innovation[16] Government Support - The company received government subsidies amounting to ¥5,920,942.34 during the reporting period[9] Inventory and Receivables - The inventory level increased to ¥44,276,529.37 from ¥30,357,108.34, reflecting a rise of approximately 46.0%[18] - The company's accounts receivable stood at ¥164,865,739.48, slightly up from ¥163,049,559.78, showing a marginal increase of about 1.1%[18] Share Capital - The company has released 1,366,144 shares from lock-up, which is 0.9196% of the total share capital, effective October 12, 2021[15] Non-Current Assets - The company reported a total non-current asset value of ¥280,947,143.56, up from ¥186,262,819.17, marking an increase of approximately 50.8%[18] - The company’s long-term construction projects increased significantly to ¥144,005,283.75 from ¥82,426,316.85, representing a growth of about 74.8%[18]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2021 was RMB 223.33 million, representing a 39.19% increase compared to RMB 160.45 million in the same period last year[23]. - The net profit attributable to shareholders for the same period was RMB 31.22 million, an 18.24% increase from RMB 26.40 million year-on-year[23]. - The basic earnings per share for the first half of 2021 was RMB 0.25, a 4.17% increase from RMB 0.24 in the previous year[24]. - The company achieved a total R&D investment of ¥12,084,030.12, representing a year-on-year increase of 45.97%[53]. - The company reported a total revenue of 59,050,000 RMB for the first half of 2021, with a significant increase in R&D personnel compensation to 594.1 million RMB, up from 474.3 million RMB in the previous period[58]. - The company reported a total revenue of RMB 553.66 million for the first half of 2021, with a year-on-year growth of 24%[152]. Market Expansion and Product Development - User data showed an increase in active users by 20% compared to the previous half-year, reaching 500,000 active users[1]. - The company plans to launch two new products in Q3 2021, which are expected to contribute an additional 200 million RMB in revenue[1]. - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by the end of 2022[1]. - The company is expanding its market presence by promoting new products and developing new clients, including Lens Technology and Op Lighting[23]. - The growth in the electric vehicle sector is expected to provide significant market opportunities for the company's products, particularly in lightweight applications[33]. - The company is focusing on expanding its market presence through new product development and advanced manufacturing techniques[50]. - The company is focusing on expanding its market presence in the automotive sector with new FFC lines for energy storage battery packs[58]. Research and Development - Research and development expenses increased by 25% to 150 million RMB, focusing on new technologies in flexible cables[1]. - Research and development expenses accounted for 5.41% of operating revenue, up from 5.16% in the previous year, indicating a focus on innovation[24]. - The company has developed multiple new technologies, including high adhesion and corrosion-resistant aluminum film preparation technology and UV reduction adhesive protection film[50]. - The company has established a special project team to enhance core competitiveness by developing products that represent future industry trends[45]. - The company has 29 invention patents and 203 utility model patents, showcasing its strong R&D capabilities in functional coating adhesive films[47]. - The total number of R&D projects has increased significantly, indicating a strong commitment to innovation and technology advancement[51]. - The company is developing high-performance adhesive films for automotive applications and high-frequency, high-speed films for TVs and servers, which will strengthen its market competitiveness[36]. Financial Position and Cash Flow - Total assets increased by 53.68% to RMB 916.50 million, while net assets attributable to shareholders rose by 60.64% to RMB 796.80 million, mainly due to the public offering that raised RMB 294.84 million[25]. - The net cash flow from operating activities decreased by 37.13% to RMB 20.40 million, primarily due to increased inventory reserves in response to rising raw material prices[25]. - Cash and cash equivalents increased by 141.37% compared to the previous period, primarily due to fundraising activities[88]. - The company reported a net cash increase of 224,486,550.96, compared to a decrease of 73,274,514.96 in the previous period[199]. - The company’s cash flow from financing activities showed a significant increase compared to the previous period, which had a cash outflow of 15,247,067.01[199]. Compliance and Governance - The company has committed to comply with relevant laws and regulations regarding the transfer of shares by controlling shareholders[109]. - The company will ensure compliance with relevant laws and regulations regarding public commitments[131]. - The company will publicly explain any failure to fulfill commitments and apologize to shareholders and investors[129]. - The company will not engage in further financing in the securities market if commitments are not fulfilled[129]. - The company has committed to avoiding and reducing related party transactions with its subsidiaries, ensuring fair pricing in accordance with market standards[141]. Environmental and Sustainability Initiatives - The company is committed to sustainable development and has integrated green environmental protection concepts into product R&D and production, contributing to national carbon neutrality goals[104]. - The main product, LED flexible circuit boards, utilizes an innovative eco-friendly manufacturing process, replacing traditional chemical etching with physical cutting, resulting in zero waste generation[104]. - The company has established an ISO14001 environmental management system and conducts annual greenhouse gas emissions verification to reduce emissions while ensuring product quality[106]. - The company has developed halogen-free and antimony-free environmentally friendly products, improving production efficiency and reducing costs through innovative manufacturing processes[39]. Shareholder and Stock Information - The company reported a lock-up period of 36 months for major shareholders following the IPO, during which they cannot transfer or manage their shares[111]. - The company has established a plan for gradual share reduction post-lock-up, with a maximum of 1% of total shares sold in any 90-day period[119]. - The company committed to a minimum dividend payout ratio of 20% in its profit distribution plan[128]. - The company will compensate investors for any losses caused by violations of commitments related to immediate returns[124]. - The total number of ordinary shareholders at the end of the reporting period is 9,100[167].

Financial Performance - Operating revenue rose by 59.00% to CNY 103,712,116.78 compared to the same period last year[6] - Net profit attributable to shareholders increased by 111.32% to CNY 15,517,605.10 year-on-year[6] - Basic earnings per share doubled to CNY 0.14, up 100% from CNY 0.07 in the same period last year[6] - Revenue for Q1 2021 reached ¥103.71 million, a 59.00% increase compared to ¥65.23 million in Q1 2020[13] - The company reported a net profit of CNY 43,184,194.12 for Q1 2021, up from CNY 36,956,069.23 in Q1 2020[23] - The net profit for Q1 2021 reached CNY 6,920,138.76, compared to CNY 820,394.10 in Q1 2020, representing a significant increase of 743.5%[30] - The total profit for Q1 2021 was CNY 7,832,375.44, a substantial increase from CNY 965,338.98 in Q1 2020, marking a growth of 711.5%[30] Cash Flow - Cash flow from operating activities decreased by 109.88% to -CNY 1,254,831.48 compared to the previous year[6] - Cash flow from operating activities showed a significant decline of 109.88%, dropping to -¥1.25 million from ¥12.70 million[14] - Total cash inflow from operating activities increased to 122,004,508.85 RMB in Q1 2021, up from 82,154,531.47 RMB in Q1 2020, reflecting a growth of approximately 48.5%[31] - Cash outflow from operating activities rose to 123,259,340.33 RMB in Q1 2021, compared to 69,449,808.91 RMB in Q1 2020, marking an increase of about 77.5%[31] - The net cash flow from investment activities was -35,814,682.43 RMB in Q1 2021, an improvement from -80,233,362.97 RMB in Q1 2020, showing a reduction in cash outflow by approximately 55.3%[32] - The company reported a net increase in cash and cash equivalents of -37,121,048.53 RMB in Q1 2021, compared to -67,661,577.07 RMB in Q1 2020, showing an improvement in cash flow management[32] Assets and Liabilities - Total assets increased by 1.76% to CNY 606,868,648.38 compared to the end of the previous year[6] - The company's total liabilities as of March 31, 2021, amounted to CNY 95,348,967.60, slightly down from CNY 100,385,503.52 at the end of 2020[22] - Total liabilities increased from ¥100,385,503.52 to ¥123,356,245.51, primarily due to the recognition of lease liabilities[38] - Owner's equity remained unchanged at ¥496,002,076.36, indicating stability in shareholder value[38] - Cash and cash equivalents stood at ¥151,529,100.12, maintaining liquidity[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 12[10] - The top shareholder, Guangdong Ternary Investment Co., Ltd., holds 71.80% of the shares[10] Research and Development - R&D expenditure as a percentage of operating revenue decreased by 0.50 percentage points to 5.50%[6] - Research and development expenses increased by 45.83% to ¥5.70 million, reflecting the company's commitment to enhancing competitive advantages[13] - Research and development expenses in Q1 2021 were CNY 2,320,180.87, up from CNY 1,804,310.01 in Q1 2020, indicating a 28.6% increase[29] Operational Efficiency - Gross profit margin improved as operating costs increased by 54.68% to ¥67.31 million, lower than the revenue growth rate[13] - Accounts receivable decreased by 46.74% to ¥4.39 million from ¥8.25 million, primarily due to early period payments[18] - Inventory increased by 36.13% to ¥41.33 million, reflecting a strategic reserve to control costs amid rising raw material prices[18] - Other non-current assets surged by 1283.93% to ¥6.13 million, mainly due to prepayments for supplies[18] - Contract liabilities rose by 142.50% to ¥1.22 million, attributed to increased prepayments from customers[18] Financial Ratios - The weighted average return on equity increased by 1.40 percentage points to 3.08%[6] - The company's financial expenses in Q1 2021 were CNY 397,396.47, up from CNY 106,074.13 in Q1 2020, indicating a rise of 274.5%[29] - The sales expenses for Q1 2021 were CNY 1,464,905.94, compared to CNY 878,971.79 in Q1 2020, reflecting a 66.6% increase[29] Future Outlook - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[24] - The company has ongoing construction projects valued at ¥82,426,316.85, indicating future capacity expansion[36] - The company implemented new leasing standards effective January 1, 2021, impacting asset and liability recognition[39]

Financial Performance - The company's operating revenue for 2020 was CNY 400,831,591.23, representing a year-on-year increase of 5.21% compared to CNY 380,993,097.16 in 2019[20]. - The net profit attributable to shareholders for 2020 was CNY 63,310,927.81, which is a 3.74% increase from CNY 61,025,612.49 in 2019[20]. - The net profit after deducting non-recurring gains and losses was CNY 57,568,979.35, up 7.07% from CNY 53,769,133.87 in the previous year[20]. - The company's total assets at the end of 2020 reached CNY 596,387,579.88, an increase of 18.80% from CNY 502,019,391.55 at the end of 2019[20]. - The basic earnings per share for 2020 was CNY 0.57, a 3.64% increase from CNY 0.55 in 2019[22]. - The gross profit margin improved to 37.59%, an increase of 2.80 percentage points, driven by higher sales of new products[100]. - The company reported a total revenue of 64 million with a net profit of approximately 39.7 million, indicating a significant growth compared to the previous year[71]. Research and Development - The R&D expenditure accounted for 5.66% of operating revenue, an increase of 0.52 percentage points from 5.14% in 2019[22]. - Total R&D expenses amounted to ¥22,703,291.90, representing a 15.97% increase compared to the previous year[65]. - The company holds 22 invention patents and 193 utility model patents, showcasing its strong focus on innovation and technology development[61]. - The company is focused on continuous improvement and innovation in its product offerings and R&D projects[66]. - The company aims to enhance its R&D capabilities by investing in advanced research facilities and attracting skilled professionals to ensure continuous innovation and product development[130]. Market Position and Strategy - The company focuses on the research, production, and sales of functional coated adhesive films, which are widely used in consumer electronics, automotive electronics, LED lighting, and semiconductor products[32]. - Major clients include well-known electronic manufacturers such as Samsung, Sumitomo, Foxconn, and Hisense, indicating strong market presence and customer relationships[32]. - The company has established a dual-driven model of "functional coated adhesive film R&D + downstream product development" to enhance its market competitiveness[32]. - The company is positioned to compete effectively in the market by leveraging its technological advancements and strong customer relationships[41]. - The company aims to become a leader in functional coating adhesive films in China, expanding its market position and core competitiveness through technology, product, and process innovations[128]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhongshun Zhonghuan Accounting Firm[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures for providing guarantees[8]. - The company has confirmed that all directors can guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company emphasizes the importance of protecting shareholder and creditor rights, ensuring compliance with relevant laws and regulations[180]. Dividend Policy - The company plans to distribute a cash dividend of 1.7 RMB per 10 shares, totaling 25,255,200 RMB, which represents 39.89% of the net profit attributable to ordinary shareholders for the year 2020[138][139]. - The company plans to prioritize cash dividends, distributing at least 20% of the annual distributable profits in cash if no significant cash expenditures occur[153]. - In the absence of major cash expenditures, the company will consider cash dividends, with a minimum distribution of 80% of profits if in a mature stage without significant expenditures[154]. Risks and Challenges - The company faces risks related to the retention of core technical personnel, which is critical for maintaining its competitive edge in the industry[87]. - The company is exposed to risks from potential changes in export tax rebate policies, which could adversely affect operating performance if rates are lowered[93]. - The company faced risks related to raw material price fluctuations, which significantly impact production costs due to the high proportion of raw materials in total costs[89]. Shareholder and Stock Management - The company has committed to a lock-up period of at least 36 months for its major shareholders following the IPO[143]. - After the lock-up period, shareholders can only transfer up to 25% of their shares annually while adhering to a six-month restriction post-termination of their roles[145]. - The company will ensure that any commitments made regarding profit distribution are strictly adhered to, with legal responsibilities for any violations[153]. Environmental and Social Responsibility - The company has complied with environmental protection laws and regulations, with no penalties for violations reported[185]. - The company has established a comprehensive quality management system, certified by ISO9001 and IATF16949, ensuring product quality meets customer standards[183]. - The company has implemented various employee welfare and training programs to protect employee rights and enhance skills[181].

Financial Performance - The company's operating revenue for 2020 was CNY 400,831,591.23, representing a year-on-year increase of 5.21% compared to CNY 380,993,097.16 in 2019[20]. - The net profit attributable to shareholders for 2020 was CNY 63,310,927.81, which is a 3.74% increase from CNY 61,025,612.49 in 2019[20]. - The net profit after deducting non-recurring gains and losses was CNY 57,568,979.35, up 7.07% from CNY 53,769,133.87 in the previous year[20]. - The company's total assets at the end of 2020 reached CNY 596,387,579.88, an increase of 18.80% from CNY 502,019,391.55 at the end of 2019[20]. - The basic earnings per share for 2020 was CNY 0.57, a 3.64% increase from CNY 0.55 in 2019[22]. - The net cash flow from operating activities for 2020 was CNY 51,347,288.63, down 12.16% from CNY 58,456,114.28 in 2019[20]. - The weighted average return on equity for 2020 was 13.63%, a decrease of 1.37 percentage points from 15.00% in 2019[22]. - The company reported a total revenue of 64 million with a net profit of approximately 39.7 million, indicating a significant performance in the fiscal year[71]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 5.66% in 2020 from 5.14% in 2019, reflecting a growth of 0.52 percentage points[22]. - The company holds 22 invention patents and 193 utility model patents, showcasing its strong R&D capabilities[61]. - Total R&D expenditure reached ¥22,703,291.90, an increase of 15.97% compared to the previous year[65]. - The company is focused on continuous improvement and innovation in its product offerings and R&D projects[66]. - The company has developed a low dielectric heat melt adhesive film technology that meets the high-speed transmission requirements for 4K and 8K televisions, addressing issues of crosstalk and attenuation[75]. - The R&D team has focused on developing adhesive films for LED flexible circuit boards, enhancing temperature resistance during manufacturing and usage[75]. Market Position and Strategy - The company focuses on the research, production, and sales of functional coated adhesive films, which are widely used in consumer electronics, automotive electronics, LED lighting, and semiconductor products[32]. - Major clients include well-known electronic manufacturers such as Samsung, Sumitomo, Foxconn, and Hisense, indicating strong market presence and customer relationships[32]. - The company has established a dual-driven model of "functional coated adhesive film R&D + downstream product development" to enhance its market competitiveness[32]. - The company aims to become a leader in functional coated adhesive films in China, expanding its market position and core competitiveness through technology, product, and process innovations[128]. - The company is focused on expanding its application fields, particularly in consumer electronics, automotive electronics, and smart lighting, to create significant industry chain synergies[131]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhongshun Zhonghuan Accounting Firm[5]. - The company has confirmed that all directors can guarantee the authenticity, accuracy, and completeness of the annual report[8]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company does not have any special arrangements for corporate governance[8]. - The company has not violated any decision-making procedures for providing guarantees[8]. Shareholder and Dividend Policy - The company plans to distribute a cash dividend of 1.7 RMB per 10 shares, totaling 25,255,200 RMB, which represents 39.89% of the net profit attributable to shareholders[6]. - The company plans to prioritize cash dividends, distributing no less than 20% of the annual distributable profits in cash if there are no significant cash expenditures[153]. - In the absence of major cash expenditures, the company will consider cash distributions of at least 80% of profits if in a mature stage without significant spending, and at least 40% if there are significant expenditures[154]. Risk Factors and Challenges - The company has outlined various risk factors in the "Discussion and Analysis of Operating Conditions" section of the report[4]. - The company faces risks related to raw material price fluctuations, which could significantly impact performance due to high cost proportions[89]. - The company’s financial expenses surged by 847.90% year-on-year, primarily due to exchange losses from RMB fluctuations[99]. Environmental and Social Responsibility - The company has complied with environmental protection laws and regulations, with no penalties for violations reported[185]. - The company’s environmental protection adhesive films have reached a production capacity of 3 million, with a revenue contribution of approximately 2.1 million RMB, showcasing its market presence[71]. - The company has made advancements in coating technology, allowing precise control over viscosity and curing processes, which improves product quality and consistency[74]. Future Outlook and Development Plans - The company is actively engaged in technological innovation, with a focus on reducing product development cycles in response to rapid market changes[50]. - The company aims to strengthen long-term partnerships with major electronic manufacturers to leverage technical and product advantages[131]. - The company will continue to optimize its product structure and innovate core technologies to meet downstream customer demands and enhance profitability[129].

二、 公司基本情况 2021 年第一季度报告 公司代码：688683 公司简称：莱尔科技 广东莱尔新材料科技股份有限公司 2021 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 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 | 606,868,648.38 | 596,387,579.88 | 1.76 | | 归属于上市公司股东的净 | 511,519,680.78 | 496,002,076.36 | 3.13 | | 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 | | | | | (%) | | 经营活动产生的现金流量 | -1,254,831.48 | 12,704,722.56 | -109.88 | | 净额 | | ...