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 | | ...