证券代码： 002012 证券简称：凯恩股份 浙江凯恩特种材料股份有限公司 投资者关系活动记录表 编号：2018-001 | --- | --- | --- | |----------------|----------------------|--------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | √ 其他 机构交流会 | | | 参与单位名称及 | 中信建投 白岚 方建平 | | | 人员姓名 | 九州证券 陈笑寒 | | | | 财通证券 杨冰 钱思佳 | | | | 弘悦资产 庞晓斌 | | | | 天风证券 杨星宇 | | | | 德锐资本 方必红 | | | | 人保资本 应巧剑 | | | | 凯石上市 王月 | | | | 阿李新能源 庄曙光 | | | | 凯鹿资产 周宏伟 | | | | 计然资产 宋新辰 任凯 | | 1 | --- | --- | --- | --- | |-------|---- ...

证券代码： 002012 证券简称：凯恩股份 浙江凯恩特种材料股份有限公司 投资者关系活动记录表 编号：2017-001 | --- | --- | --- | |-----------------------|-------------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 广东德沁资产管理有限公司 宋豹 | | | 人员姓名 | 招商证券 陈雁冰 | | | | 天风证券 杨星宇 | | | 时间 | 2017 年 12 月 28 | 日 | | 地点 | | 广西钦州市钦北区皇马工业园一区广西卓能新能源科技有限 | | | | | | | 公司 | | | 上市公司接待人 员姓名 | 董事会秘书周茜莉 | | | 投资者关系活动 | （一） ...

Financial Performance - The company's revenue for Q3 2022 was ¥329,200,006.51, a decrease of 23.28% compared to the same period last year[5] - The total profit for Q3 2022 was ¥23,404,647.47, down 25.18% year-on-year[5] - The net profit attributable to shareholders was ¥17,423,568.98, a decline of 3.84% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥13,779,049.13, down 9.89% year-on-year[5] - Total operating revenue for Q3 2022 was ¥1,062,846,027.07, a decrease of 25.6% compared to ¥1,427,778,604.41 in the same period last year[20] - Net profit for Q3 2022 was ¥80,087,356.92, a decline of 20% from ¥100,131,222.56 in Q3 2021[21] - The net profit attributable to the parent company for Q3 2022 was ¥64,598,280.91, compared to ¥64,406,619.52 in Q3 2021, showing a slight increase[22] - The total comprehensive income for the parent company was ¥64,598,280.91, consistent with the previous year's figure of ¥64,406,619.52[22] - The total comprehensive income for minority shareholders was ¥15,489,076.01, a decrease from ¥35,724,603.04 in the previous year[22] Cash Flow and Assets - The operating cash flow net amount for the year-to-date was ¥174,584,282.91, an increase of 80.97%[5] - The net cash flow from operating activities for the period was ¥174,584,282.91, an increase from ¥96,473,051.03 in the same period last year[24] - The total cash inflow from operating activities was ¥1,003,669,591.87, down from ¥1,456,033,781.59 in the previous year[24] - The net cash flow from investing activities was -¥84,701,739.18, worsening from -¥55,387,695.62 in the previous year[24] - The company's cash and cash equivalents decreased to ¥439,146,830.57 from ¥545,923,009.21, a drop of 19.5%[18] - The cash and cash equivalents at the end of the period were ¥365,364,055.95, compared to ¥232,615,464.94 at the end of the previous year[25] - The company's cash outflow for operating activities was ¥829,085,308.96, compared to ¥1,359,560,730.56 in the previous year[24] - Accounts receivable decreased to ¥286,858,657.35 from ¥362,332,313.09, reflecting a reduction of 20.8%[18] - Inventory slightly decreased to ¥310,710,972.94 from ¥315,956,982.48, a decrease of 1.0%[18] - Total assets at the end of the reporting period were ¥2,212,658,643.79, a decrease of 8.38% from the end of the previous year[5] - Total assets decreased to ¥2,212,658,643.79 from ¥2,414,939,670.10, a decline of 8.4%[18] - Total liabilities decreased to ¥494,042,161.33 from ¥616,281,594.63, a reduction of 19.8%[18] - The company's long-term equity investments increased significantly to ¥216,637,768.49 from ¥62,372,084.41, an increase of 247.5%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 41,357, with no preferred shareholders having restored voting rights[10] - The largest shareholder, Kane Group Limited, holds 17.59% of the shares, amounting to 82,238,392 shares, which are currently frozen[10] - Kane Group Limited may face a forced reduction of 14,438,392 shares (3.09% of total shares) due to a legal judgment related to a loan dispute[12] - Kane Group Limited has transferred 67.8 million shares to Zhongtai Chuangzhan Holdings Limited, resulting in a change of the largest shareholder while maintaining the same actual controller[14] - The company plans to transfer 47.20% of its stake in Kane Special Paper to several parties, along with other stakes in different companies[13] Operating Costs and Expenses - Total operating costs for Q3 2022 were ¥1,018,167,101.33, down 21.9% from ¥1,304,953,208.88 in Q3 2021[21] - Research and development expenses for Q3 2022 were ¥71,806,961.88, down 17.6% from ¥87,238,514.27 in Q3 2021[21] - The company reported a significant decrease in operating income due to the reduction of subsidiaries, leading to a 25.56% decline in revenue year-to-date[8] - The company reported a decrease in cash inflow from sales of goods and services, totaling ¥977,290,371.94, down from ¥1,327,118,479.45 in the previous year[23] Non-Recurring Gains and Losses - Non-recurring gains and losses for the current period amounted to ¥3,644,519.85[6]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥733,646,020.56, a decrease of 26.54% compared to ¥998,697,319.96 in the same period last year[23]. - Total profit for the period was ¥63,807,518.32, down 28.08% from ¥88,719,173.47 year-on-year[23]. - Net profit attributable to shareholders was ¥47,174,711.93, representing a slight increase of 1.92% from ¥46,287,682.07 in the previous year[23]. - The net profit after deducting non-recurring gains and losses dropped significantly by 85.03% to ¥5,610,869.21 from ¥37,490,397.66[23]. - The net cash flow from operating activities improved to ¥126,923,429.93, a substantial increase of 688.20% compared to a negative cash flow of ¥21,578,137.27 in the same period last year[23]. - The company's operating revenue for the reporting period was ¥733,646,020.56, a decrease of 26.54% compared to ¥998,697,319.96 in the previous year, primarily due to the company's reduction in capital leading to exclusion from the consolidation scope[51]. - The total profit was 63.81 million yuan, down 28.08% year-on-year, while the net profit attributable to shareholders increased by 1.92% to 47.17 million yuan[31]. - The company's total operating revenue for the first half of 2022 was CNY 733,646,020.56, a decrease of 26.5% compared to CNY 998,697,319.96 in the first half of 2021[142]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,206,377,124.59, down 8.64% from ¥2,414,939,670.10 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 2.61% to ¥1,487,150,891.34 from ¥1,449,322,576.83[23]. - The company's cash and cash equivalents at the end of the reporting period were ¥476,141,193.61, a decrease of 1.03% from ¥545,923,009.21 at the end of the previous year[56]. - The long-term equity investment increased to ¥214,683,813.05, representing 9.73% of total assets, up from 2.58% the previous year[56]. - The company's total liabilities decreased to CNY 509,995,090.84 from CNY 616,281,594.63 at the beginning of the year, reflecting a reduction of approximately 17.2%[137]. - The company's total assets at the end of the reporting period were 75.6 billion CNY, with total liabilities of 54.9 billion CNY[160]. Research and Development - The company has developed over 30 important scientific research achievements and has been recognized as a key high-tech enterprise in China[34]. - The company has a strong focus on R&D, having established over 20 national and industry standards for specialty paper[34]. - Research and development investment was ¥52,543,462.60, down 8.54% from ¥57,448,446.85, indicating a focus on cost control[51]. - The company aims to enhance its research and development efforts to innovate new technologies[155]. - The company has allocated 4.2 million CNY for research and development in the first half of 2022, which is a 4% increase from the previous period[160]. Market Position and Competition - The company is the global leader in the production of electrolytic capacitor paper, with the largest production base in the world[31]. - The company maintains a relatively monopolistic position in the domestic electrolytic capacitor paper market, sustaining a high gross profit margin[34]. - The company is facing market competition risks from Japanese and European companies, which may impact sales and profit levels[69]. - The company has established a strong partnership with numerous well-known domestic electronic component manufacturers, enhancing its market position in the specialty paper sector[49]. Environmental and Regulatory Compliance - The company is committed to environmental protection and has established strict management systems to comply with regulations[70]. - The company has invested in pollution control facilities, including a wastewater treatment plant with a capacity of 17,500 T/D and a waste gas treatment system[81]. - The company has complied with environmental regulations and has not faced any administrative penalties related to environmental issues during the reporting period[85]. - The company has established emergency response plans for environmental incidents and has registered them with the environmental protection department[83]. Shareholder and Governance Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of ordinary shareholders at the end of the reporting period was 33,559[121]. - Kane Group holds 17.59% of the shares, totaling 82,238,392 shares, which are currently frozen[121]. - The controlling shareholder, Kane Group, may face a forced reduction of 14,438,392 shares, representing 3.09% of the total share capital, due to a legal judgment[115]. - The company has revised its articles of association to improve governance in line with the new guidelines for listed companies[87]. Financial Management and Strategy - The company plans to enhance management and cost control while focusing on new product development to address competitive pressures[69]. - The company has not made any significant acquisitions or disposals of subsidiaries during the reporting period[68]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[64][65]. - The company has allocated 150 million for capital reserves, ensuring financial stability[156]. - The management provided a positive outlook for the second half of 2022, expecting continued growth in revenue and profitability[155]. Financial Reporting and Compliance - The company's financial report for the first half of 2022 was not audited[133]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[173]. - The accounting period for the financial information is from January 1, 2022, to June 30, 2022[174]. - The company confirms that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[171].

Financial Performance - The company's operating revenue for Q1 2022 was ¥315,298,771.11, a decrease of 38.88% compared to ¥515,870,546.90 in the same period last year[4] - Net profit for Q1 2022 was ¥16,579,186.26, down 58.03% from ¥39,504,621.78 year-on-year[4] - The net profit attributable to shareholders was ¥14,149,123.88, a decline of 43.94% compared to ¥25,237,225.01 in the previous year[4] - Operating profit for Q1 2022 was CNY 18,348,105.86, down 62.3% from CNY 48,642,387.42 in Q1 2021[19] - The company's basic earnings per share for Q1 2022 were CNY 0.03, down from CNY 0.05 in Q1 2021[20] Cash Flow and Assets - The net cash flow from operating activities increased significantly to ¥89,035,715.52, up 1919.35% from ¥4,409,129.39 in the same period last year[4] - Cash flow from operating activities for Q1 2022 was CNY 89,035,715.52, significantly up from CNY 4,409,129.39 in Q1 2021[22] - Cash and cash equivalents at the end of the period are ¥545,310,480.06, slightly down from ¥545,923,009.21[14] - Cash and cash equivalents at the end of Q1 2022 were CNY 473,501,816.52, compared to CNY 162,904,047.24 at the end of Q1 2021[23] - Total assets at the end of Q1 2022 were ¥2,359,343,981.35, a decrease of 2.30% from ¥2,414,939,670.10 at the end of the previous year[4] Expenses and Costs - Total operating costs for Q1 2022 were CNY 308,359,252.05, down 33.4% from CNY 462,457,788.43 in the same period last year[19] - The company’s sales expenses decreased by 55.22% to ¥7,353,259.28 from ¥16,421,203.52 in the previous year[8] - The company reported a decrease in sales expenses to CNY 7,353,259.28 from CNY 16,421,203.52 in the previous year, a reduction of 55.2%[19] - Research and development expenses for Q1 2022 were CNY 26,957,810.67, slightly down from CNY 28,832,224.63 in Q1 2021[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 36,021[11] - The largest shareholder, Kane Group Limited, holds 17.59% of shares, totaling 82,238,392 shares, which are frozen[11] Equity and Liabilities - Total liabilities decreased from ¥616,281,594.63 to ¥544,106,719.62[16] - The company's total equity increased from ¥1,798,658,075.47 to ¥1,815,237,261.73[16] Inventory and Receivables - Accounts receivable decreased from ¥362,332,313.09 to ¥322,825,063.78[14] - Inventory decreased from ¥315,956,982.48 to ¥272,215,160.74[14] Government Subsidies and Financial Assets - The company reported a significant increase in government subsidies recognized in the current period, amounting to ¥5,801,189.65, a rise of 307.63% compared to ¥1,423,161.79 last year[8] - The company experienced a 41.28% increase in trading financial assets, totaling ¥233,466,979.00, due to increased purchases of financial products[8] General Remarks - The company did not report any new product launches or significant market expansion strategies during the quarter[24] - The company's weighted average return on equity was 0.97%, down 0.86% from 1.83% in the same period last year[4] - Long-term equity investments are valued at ¥61,625,915.02, a slight decrease from ¥62,372,084.41[15]

Financial Performance - The company's operating revenue for 2021 was ¥1,829,712,079.64, representing an increase of 18.03% compared to ¥1,550,229,940.91 in 2020[20] - The net profit for 2021 was ¥149,716,992.67, a decrease of 11.07% from ¥168,357,844.88 in 2020[20] - The net profit attributable to shareholders of the listed company was ¥94,051,066.40, which is a slight increase of 1.58% from ¥92,587,329.49 in 2020[20] - The net cash flow from operating activities increased by 126.02% to ¥192,248,050.78 from ¥85,057,127.64 in 2020[20] - The basic earnings per share remained at ¥0.20, unchanged from the previous year[20] - The company's total revenue for 2021 reached ¥1,829,712,079.64, representing an 18.03% increase compared to ¥1,550,229,940.91 in 2020[64] - The company reported a net profit of ¥5,451,000 for the year, with a total profit of ¥6,800,000[60] - The company's total revenue for 2021 was CNY 1,655,971,357.73 from domestic sales, with a year-on-year increase of 13.88%[69] - The company’s revenue from paper-based functional materials was CNY 1,329,011,643.32, with a year-on-year increase of 16.68%[68] - The company reported a total revenue of 1,450 million in 2021, maintaining a consistent performance compared to previous years[124] Assets and Liabilities - The total assets at the end of 2021 were ¥2,414,939,670.10, an increase of 7.91% from ¥2,237,911,595.60 at the end of 2020[21] - The net assets attributable to shareholders of the listed company increased by 5.81% to ¥1,449,322,576.83 from ¥1,369,692,642.82 at the end of 2020[21] - The company's inventory decreased by 4.65% to ¥315,956,982.48, attributed to a reduction in raw materials and finished goods[89] - Short-term borrowings decreased by 4.12% to ¥211,865,895.51, reflecting a reduction in bank loans during the period[89] - The company reported a net increase in cash and cash equivalents of ¥211,205,310.62, a significant rise of 396.61% compared to the previous year[84] - The total approved guarantee amount for subsidiaries reached CNY 13,000 million, with an actual occurrence of CNY 1,805.59 million during the reporting period[198] Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥0.20 per 10 shares, based on a total of 467,625,470 shares[4] - The company reported a cash dividend of CNY 0.20 per 10 shares, with a total cash dividend amounting to CNY 9,352,509.40, representing 100% of the profit distribution total[157] - The profit distribution plan aligns with the company's operational situation and complies with relevant laws and regulations[158] Research and Development - Research and development (R&D) investment increased by 6.77% to ¥116,078,885.23 in 2021, accounting for 6.34% of operating revenue, down from 7.01% in 2020[82] - The number of R&D personnel decreased by 16.74% to 194 in 2021 from 233 in 2020, with a notable decline in the proportion of R&D staff[82] - The company holds over 90 patents, including more than 40 invention patents and 50 utility model patents, demonstrating strong R&D capabilities[53] - The company plans to increase R&D investment to maintain a leading market position amid the rapid emergence of new products and technologies[106] Market Position and Strategy - The company is positioned in the high-value paper-based functional materials sector, with significant growth opportunities driven by the increasing demand for eco-friendly products[30] - The company has established itself as a leader in the domestic electrolytic capacitor paper market, maintaining a high gross profit margin[33] - The company is the global leader in the sales of electrolytic capacitor paper, with the largest production base in the world[38] - The company aims to enhance its core competitiveness by focusing on technological innovation and optimizing product structure, particularly in response to the "Common Prosperity" initiative in Zhejiang[104] - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development and strategic acquisitions[126] Environmental and Social Responsibility - The company emphasizes environmental protection, having established strict management systems and improved wastewater reuse rates to lower emissions[112] - The company is actively promoting energy efficiency and has been recognized as a national "green factory," aligning with national carbon peak and carbon neutrality goals[56] - The company has prepared and disclosed its 2021 Social Responsibility Report, reflecting its commitment to social responsibility[170] Governance and Compliance - The company maintains a governance structure that complies with legal requirements, ensuring independent operations from its controlling shareholders[119] - The board of directors consists of 9 members, including 3 independent directors, meeting legal and regulatory requirements[117] - The company has a performance evaluation and incentive system linking management compensation to business performance[117] - The internal control system is effective, covering major aspects of the company's operations, with no significant or important deficiencies reported during the period[160] Challenges and Risks - The company has faced risks in future operations, which are detailed in the management discussion section of the report[4] - The company experienced a substantial decline in revenue in the second half of 2021 due to regulatory changes affecting internet loan operations, leading to a decision to reduce capital in its subsidiary[66] - The company faces increasing market competition from Japanese and European companies, which may impact sales revenue and profit levels[111] - Raw material costs, primarily wood pulp and plant fibers, significantly affect product costs and profit margins, with pressures from global supply chain issues due to the Russia-Ukraine conflict[111]

证券代码：002012 证券简称：凯恩股份 公告编号：2022－021 浙江凯恩特种材料股份有限公司 关于举办投资者接待日活动的公告 | --- | |---------------------------------------------------------------------------| | | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 | | 载、误导性陈述或者重大遗漏。 | | 浙江凯恩特种材料股份有限公司（以下简称"公司"）将于 2022年3月29 日 | | 在巨潮资讯网（ www.cninfo.com.cn ）发布《 2021 年年度报告》，为便于广大投 | | 资者深入全面了解公司情况，公司将在 2021 年度股东大会召开日举办投资者接待 | | 日活动，现将有关事项公告如下： | | 1 、接待日： 2022 年4月 19 日（星期二） | | 2 、接待时间：接待日当日上午 10:00-11:30 | | 3 、接待地点：北京市朝阳区曙光西里甲5号 H座3层306 室 | | 4 、登记预约：参与投资者请于 2022 年4月 15 日前（工作日 9: ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥429,081,284.45, an increase of 7.51% compared to the same period last year, and a total revenue of ¥1,427,778,604.41 for the year-to-date, reflecting a growth of 41.73%[3] - The total profit for Q3 2021 was ¥31,283,329.89, a decrease of 37.41% year-on-year, while the year-to-date profit was ¥120,002,503.36, showing a slight decline of 0.21%[3] - The net profit attributable to shareholders for Q3 2021 was ¥18,118,937.45, down 26.48% year-on-year, with a year-to-date net profit of ¥64,406,619.52, which is an increase of 6.06%[3] - Total operating revenue for the current period reached ¥1,427,778,604.41, a significant increase from ¥1,007,402,003.33 in the previous period, representing a growth of approximately 42%[18] - Total operating costs amounted to ¥1,304,953,208.88, up from ¥902,307,179.03, indicating a rise of about 44.6%[18] - Net profit for the current period was ¥100,131,222.56, compared to ¥98,608,541.57 in the previous period, reflecting a slight increase of 1.5%[20] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥2,335,950,994.87, up 4.38% from the end of the previous year, while the equity attributable to shareholders increased by 4.39% to ¥1,429,844,574.48[4] - As of September 30, 2021, total assets amounted to RMB 2,335,950,994.87, an increase from RMB 2,237,911,595.60 at the end of 2020, reflecting a growth of approximately 4.4%[13] - Current assets totaled RMB 1,714,904,100.68, up from RMB 1,575,771,471.83, indicating an increase of about 8.8% year-over-year[15] - Total liabilities decreased to RMB 646,192,527.40 from RMB 670,029,662.83, a reduction of approximately 3.6%[16] - The company's equity attributable to shareholders reached RMB 1,429,844,574.48, up from RMB 1,369,692,642.82, reflecting an increase of about 4.4%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥96,473,051.03, indicating improved cash collection from sales[8] - The net cash flow from operating activities was ¥96,473,051.03, a turnaround from a negative cash flow of ¥12,206,931.95 in the previous period[23] - Cash and cash equivalents at the end of the period totaled ¥232,615,464.94, compared to ¥195,746,257.17 at the end of the previous period, showing an increase of approximately 18.8%[24] - The company experienced a net cash outflow from investing activities of ¥55,387,695.62, an improvement from a larger outflow of ¥131,388,549.58 in the previous period[23] Shareholder Information - The company reported a total of 38,228 common shareholders at the end of the reporting period[10] - The top shareholder, Kane Group Co., Ltd., holds 17.59% of the shares, amounting to 82,238,392 shares, which are currently frozen[10] Operational Challenges - The company is responding to government-mandated electricity usage restrictions, which may impact production in Q3 and Q4, but overall operations remain stable[12] - The company plans to mitigate the impact of electricity restrictions through staggered power usage and equipment maintenance[12] Other Financial Metrics - The company's basic earnings per share for Q3 2021 was ¥0.04, a decrease of 20.00% compared to the same period last year[3] - Research and development expenses increased to ¥87,238,514.27 from ¥73,975,715.56, marking a growth of about 18%[18] - The company reported an increase in investment income to ¥10,826,348.37 from ¥9,172,372.27, which is an increase of approximately 18%[18] - Basic and diluted earnings per share improved to ¥0.14 from ¥0.13, indicating a growth of about 7.7%[21] Adjustments and Standards - The company implemented a new leasing standard starting in 2021, requiring adjustments to the financial statements[29] - The company has not undergone an audit for the third quarter report[30]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 998,697,319.96, representing a 64.18% increase compared to CNY 608,301,223.34 in the same period last year[20]. - The total profit for the period was CNY 88,719,173.47, up 26.24% from CNY 70,279,050.44 year-on-year[20]. - The net profit attributable to shareholders was CNY 46,287,682.07, reflecting a 28.28% increase from CNY 36,082,202.35 in the previous year[20]. - Basic and diluted earnings per share were both CNY 0.10, up 25.00% from CNY 0.08 in the same period last year[20]. - The weighted average return on equity was 3.33%, an increase of 0.54% compared to 2.79% in the previous year[20]. - The company's revenue for the reporting period reached ¥998,697,319.96, representing a year-on-year increase of 64.18% compared to ¥608,301,223.34 in the previous year[45]. - The total revenue for the first half of 2021 was 909,536,413.03 CNY, an increase from 606,722,124.47 CNY in the same period of 2020, representing a growth of approximately 49.9%[152]. - The net profit for the first half of 2021 was 8,196,950.84 CNY, compared to 4,647,924.92 CNY in the first half of 2020, indicating a year-over-year increase of about 76.5%[151]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -21,578,137.27, a decline of 9.28% compared to CNY -19,746,252.07 in the same period last year[20]. - The cash and cash equivalents increased by ¥40,146,320.15, a decrease of 37.72% compared to the previous year, primarily due to impacts from investment and financing activities[45]. - The company reported a total cash and cash equivalents balance of 279,043,381.21 CNY at the end of the first half of 2021, compared to 260,833,022.75 CNY at the end of the first half of 2020[155]. - The total assets at the end of the reporting period were CNY 2,400,835,326.24, an increase of 7.28% from CNY 2,237,911,595.60 at the end of the previous year[20]. - Current assets totaled CNY 1,748,410,527.05, up from CNY 1,575,771,471.83, indicating an increase of about 10.9%[137]. - The total liabilities reached CNY 737,740,725.55, up from CNY 670,029,662.83, which is an increase of approximately 10.1%[138]. - The total equity of the company reached CNY 1,147.17 million, slightly up from CNY 1,143.12 million year-on-year[143]. Research and Development - The company has developed a strong R&D capability in supercapacitor separator materials, establishing industry standards in China[29]. - The company has a robust R&D capability with over 30 invention patents and 50 utility model patents, focusing on special paper innovation technology[40]. - Research and development expenses rose by 24.40% to ¥57,448,446.85, reflecting increased investment in information technology services[45]. - The company recognizes the importance of technological innovation in the financial technology sector and plans to increase investment in research and development to maintain competitiveness[75]. Market Position and Strategy - The company is the only domestic enterprise capable of series production of electrolytic capacitor paper, leading the market alongside Japan's NKK[29]. - The company has established strong partnerships with financial institutions, enhancing user engagement and expanding its customer base through digital services[35]. - The company emphasizes procurement strategies to control costs and ensure product quality, particularly in sourcing high-quality wood pulp[34]. - The sales model combines direct sales and distributor sales, ensuring effective market penetration and strong brand reputation[34]. - The company has a leading position in the production of filter paper and specialty paper products, leveraging core technologies for competitive advantage[30]. Environmental and Compliance - The company reported a total COD discharge of 71.35 tons, which is below the approved discharge limit of 306.24 tons per year[84]. - The company reported a total ammonia nitrogen discharge of 0.22 tons, significantly below the approved limit of 3.98 tons per year[84]. - The company has invested in pollution control facilities, including a wastewater treatment plant with a capacity of 17,500 T/D[85]. - The company has established an emergency response plan for environmental incidents, which has been filed with the environmental protection department[86]. - The company has no administrative penalties related to environmental issues during the reporting period[86]. Risks and Challenges - The company faces market competition risks, particularly from Japanese and European companies, and plans to enhance management and product development to address these challenges[70]. - Raw material price fluctuations pose a risk, as they significantly impact product costs; the company aims to establish long-term strategic partnerships with suppliers to mitigate this risk[70]. - The company is exposed to foreign exchange rate risks due to its reliance on imported wood pulp and export activities, and it plans to adopt flexible procurement strategies to manage this risk[71][72]. - Environmental policy changes could increase operational costs; the company is committed to maintaining compliance with environmental regulations and improving waste management practices[73]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[80]. - The total number of shares after the recent changes is 467,625,400, with 99.77% being unrestricted shares[121]. - The largest shareholder, Kain Group Limited, holds 82,238,392 shares, representing 17.59% of total shares[123]. - There were no repurchase transactions conducted by the top 10 shareholders during the reporting period[124]. - The company has not issued any preferred shares during the reporting period[129]. Financial Reporting and Compliance - The semi-annual financial report was not audited[94]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[174]. - The financial reports comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position, operating results, and cash flows[176]. - The accounting period for the financial information is from January 1, 2021, to June 30, 2021[177].

Financial Performance - The company's revenue for Q1 2021 was ¥515,870,546.90, representing a 93.99% increase compared to ¥265,932,808.70 in the same period last year[8] - Net profit for Q1 2021 reached ¥39,504,621.78, up 112.27% from ¥18,610,587.16 year-on-year[8] - The net profit attributable to shareholders was ¥25,237,225.01, a significant increase of 151.27% compared to ¥10,043,800.24 in the previous year[8] - The basic earnings per share rose to ¥0.05, reflecting a 150.00% increase from ¥0.02 in the same quarter last year[8] - Total operating revenue for Q1 2021 reached CNY 515,870,546.90, a significant increase from CNY 265,932,808.70 in the previous period[38] - The total profit for the period was CNY 48,645,547.42, which is a significant increase from CNY 22,865,508.37 in Q1 2020, marking a growth of 113.4%[41] - The total comprehensive income for the period was CNY 39,504,621.78, compared to CNY 18,610,587.16 in Q1 2020, reflecting a growth of 112.5%[41] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,291,215,432.50, a 2.38% increase from ¥2,237,911,595.60 at the end of the previous year[8] - The company's total assets increased to ¥2.29 billion, up from ¥2.24 billion, reflecting overall growth[30] - Total liabilities decreased to CNY 324,461,108.97 from CNY 347,740,966.57, reflecting improved financial health[36] - The total equity attributable to shareholders increased to CNY 1,147,497,990.42 from CNY 1,143,124,244.92, showing stability in ownership value[36] Cash Flow - The net cash flow from operating activities was ¥4,409,129.39, a significant recovery from a negative cash flow of ¥110,206,240.42 in the same period last year[8] - The cash inflow from operating activities totaled CNY 507,510,092.88, significantly higher than CNY 249,068,093.61 in Q1 2020, showing improved operational efficiency[48] - Operating cash flow for the first quarter was 16,088,209.61 CNY, a significant improvement compared to -53,841,647.63 CNY in the same period last year[51] - Cash flow from financing activities resulted in a net outflow of -42,168,385.12 CNY, a decrease from a net inflow of 84,113,670.70 CNY in the same quarter last year[52] Operating Costs and Expenses - Operating costs rose by 119.90% to ¥389.89 million, attributed to the increase in revenue[16] - The company reported a 114.83% increase in income tax expenses to ¥9.14 million, correlating with the rise in total profit[16] - The company incurred financial expenses of CNY 2,667,242.45, which increased from CNY 1,176,479.39 in the previous year, primarily due to higher interest expenses[43] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,632[12] - The net assets attributable to shareholders increased by 1.84% to ¥1,394,929,867.82 from ¥1,369,692,642.82 at the end of the last year[8] Research and Development - Research and development expenses were CNY 28,832,224.63, up from CNY 22,369,029.72, indicating a focus on innovation[39] - Research and development expenses were CNY 14,846,341.41, slightly up from CNY 14,333,503.31 in Q1 2020, indicating continued investment in innovation[43] Investment Performance - The company reported a net investment loss of CNY 6,369,079.78, compared to a gain of CNY 648,389.97 in the previous period, highlighting challenges in investment performance[39] Inventory and Receivables - Accounts receivable rose to CNY 284,288,396.80 from CNY 248,295,968.27, indicating growth in sales and credit management[33] - Inventory levels decreased to CNY 136,131,185.75 from CNY 166,559,853.53, suggesting improved inventory turnover[33]