黄山永新股份有限公司 HUANGSHAN NOVEL CO.,LTD 2021 年第一季度报告 证券代码：002014 证券简称：永新股份 披露时间：2021 年 04 月 20 日 黄山永新股份有限公司 2021 年第一季度报告全文 黄山永新股份有限公司 2021 年第一季度报告全文 第一节 重要提示 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙毅、主管会计工作负责人吴旭峰及会计机构负责人(会计主管人 员)吴旭声明：保证季度报告中财务报表的真实、准确、完整。 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同 | | --- | --- | --- | --- | | | | | 期增减 | | 营业收入（元） | 723,079,120.89 | 530,634,577.43 | 36.27% | | 归属于上市公司股东的净利润 | 60,953,819.13 | 49,315,034.39 | 23.60% | | （元） | | | | | 归属于上市公司股东的扣除非 | 58,3 ...

Financial Performance - The company's operating revenue for 2020 was CNY 2,737,497,376.96, representing a 5.30% increase compared to CNY 2,599,724,041.24 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 303,032,141.63, which is a 12.60% increase from CNY 269,116,549.45 in 2019[16] - The net profit after deducting non-recurring gains and losses was CNY 275,681,402.93, up 15.69% from CNY 238,302,049.39 in 2019[16] - The net cash flow from operating activities increased by 28.05% to CNY 548,623,540.95 from CNY 428,432,150.13 in 2019[16] - The total assets at the end of 2020 were CNY 2,954,630,295.32, a 16.06% increase from CNY 2,545,851,954.52 at the end of 2019[17] - The weighted average return on equity for 2020 was 16.19%, compared to 15.17% in 2019, reflecting a 1.02% increase[16] - The basic earnings per share for 2020 were CNY 0.61, up 12.96% from CNY 0.54 in 2019[16] Revenue Breakdown - The rubber and plastic products sector contributed ¥2.54 billion, accounting for 92.63% of total revenue, with a growth of 4.24% compared to the previous year[38] - The sales volume of color printing packaging materials reached 85,982.85 tons, a 2.12% increase from 84,200.85 tons in 2019[41] - The international market revenue was approximately ¥229.43 million, showing a slight increase of 0.48% from ¥227.72 million in 2019[38] - The domestic market revenue was approximately ¥2.51 billion, reflecting a growth of 5.76% from ¥2.37 billion in 2019[38] - The sales volume of aluminum-plated packaging materials surged by 34.90%, reaching 3,923.81 tons compared to 2,908.74 tons in 2019[41] Dividend Policy - The company plans to distribute a cash dividend of CNY 5 per 10 shares, based on a total of 510,409,889 shares[4] - The cash dividend for 2020 represents 84.22% of the net profit attributable to the company's ordinary shareholders, which was 303,032,141.63 CNY[75] - The company has maintained a consistent cash dividend policy over the past three years, with dividends of 3.50 CNY, 4.00 CNY, and 5.00 CNY per 10 shares for 2018, 2019, and 2020 respectively[72] Research and Development - The company filed for 27 invention patents and 13 utility model patents, with 5 invention patents and 15 utility model patents granted in 2020[28] - Research and development expenses increased by 11.45% to ¥112,772,451.17 in 2020, compared to ¥101,190,953.28 in 2019[46] - The company plans to increase R&D investment and enhance technological innovation to strengthen its competitive advantage in the packaging market[63] Market Expansion and Product Development - The company launched new products including breathable films and self-adhesive films, which received market recognition and expanded product applications[32] - The company expanded its market presence by leveraging regional advantages and actively developing domestic clients[32] - The company’s new multi-functional film project is expected to drive future growth and enhance profitability[26] Cost Management and Efficiency - The company implemented extreme cost management strategies to optimize manufacturing costs and improve overall production efficiency[33] - The company achieved a gross profit margin of 23.29% in the rubber and plastic products sector, which is a decrease of 0.37% compared to the previous year[39] Corporate Governance and Compliance - The company has established a management committee for the employee stock ownership plan, consisting of three members elected on August 31, 2020[95] - The governance structure complies with relevant laws and regulations, ensuring transparency and protection of shareholder rights[163] - The company operates independently from its controlling shareholder in terms of business, personnel, assets, organization, and finance[166] Environmental and Social Responsibility - The company has committed to sustainable development by increasing environmental protection investments and developing eco-friendly packaging materials[109] - The company emphasizes safety and environmental protection, successfully obtaining the "Pollutant Discharge Permit" during the reporting period[35] - The company donated 600,000 yuan to the Huangshan Red Cross for COVID-19 prevention efforts[109] Audit and Financial Reporting - The audit report issued by Rongcheng Accounting Firm confirmed that the financial statements fairly reflect Yongxin Co.'s financial position and operating results for the year ended December 31, 2020[182] - The audit did not reveal any material misstatements in the financial statements, supporting the integrity of Yongxin Co.'s financial reporting[190] - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2020[177]

Financial Performance - Operating income decreased by 0.81% to CNY 699,569,925.62 for the reporting period[7] - Net profit attributable to shareholders increased by 16.18% to CNY 91,540,415.78[7] - Basic earnings per share rose by 12.50% to CNY 0.18[7] - Total operating revenue for Q3 2020 was CNY 699,569,925.62, a decrease of 0.99% compared to CNY 705,268,302.24 in the same period last year[39] - The net profit for the third quarter of 2020 reached CNY 92,927,733.56, compared to CNY 80,332,033.18 in the previous year, indicating an increase of about 15.5%[41] - The total profit for Q3 2020 was CNY 248,845,894.17, compared to CNY 217,364,340.37 in Q3 2019, marking an increase of around 14.5%[48] - The total comprehensive income for Q3 2020 was CNY 220,186,791.02, compared to CNY 187,675,391.31 in Q3 2019, reflecting an increase of approximately 17.3%[48] Assets and Liabilities - Total assets increased by 10.09% to CNY 2,802,663,776.13 compared to the end of the previous year[7] - The company’s total current assets reached approximately RMB 1.81 billion, up from RMB 1.60 billion at the end of 2019, indicating an increase of 12.9%[30] - Non-current assets totaled CNY 992,939,634.63 as of September 30, 2020, an increase from CNY 943,277,685.90 at the end of 2019[32] - Total liabilities amounted to CNY 877,769,300.50, compared to CNY 650,676,782.90, showing an increase of approximately 34.83%[33] - Current liabilities increased to CNY 826,352,103.39 from CNY 594,622,474.89, representing a rise of about 38.93%[32] Cash Flow - Cash flow from operating activities surged by 168.72% to CNY 203,980,322.50[7] - The cash inflow from operating activities for the year-to-date period was CNY 2,003,096,605.63, compared to CNY 1,726,022,628.40 in the previous year, indicating an increase of about 16.0%[52] - The net cash flow from operating activities for Q3 2020 was CNY 402,474,065.05, a significant increase of 116.5% compared to CNY 186,265,883.27 in Q3 2019[53] - The company reported a cash inflow from sales of goods and services of CNY 1,329,744,294.20, an increase of 9.9% from CNY 1,209,234,432.79 in Q3 2019[56] Investments and Financial Management - Investment income decreased by 91.66% due to unexpired financial products[15] - The company has a total of RMB 25 million in entrusted financial management, with an outstanding balance of RMB 20 million[24] - The company reported a net cash outflow from investment activities of CNY -53,229,379.99, a decrease from CNY 153,812,667.90 in the previous year, indicating a shift in investment strategy[53] - The company received CNY 60,000,000.00 from investment recoveries, down from CNY 250,000,000.00 in the previous year, reflecting a change in investment strategy[56] Shareholder Equity and Stock Management - The total equity attributable to shareholders increased to CNY 1,886,583,494.63 from CNY 1,857,985,509.26, reflecting a growth of about 1.54%[33] - The company completed the first phase of the employee stock ownership plan with a non-trading transfer of 7.2 million shares, accounting for 1.43% of the total share capital[18] - The company repurchased a total of 10,806,835 shares, representing 2.15% of the total share capital, with an average transaction price of RMB 6.94 per share[18] Operational Efficiency - The company’s inventory decreased to approximately RMB 206.03 million from RMB 266.51 million, a decline of 22.6%[30] - The company’s accounts receivable slightly decreased to approximately RMB 451.14 million from RMB 458.53 million, a reduction of 1.9%[30] - The company’s total operating costs for the third quarter were CNY 342,827,652.59, slightly up from CNY 342,370,840.19, indicating a marginal increase of about 0.1%[43] Research and Development - Research and development expenses for the third quarter amounted to CNY 27,376,993.38, slightly higher than CNY 27,209,142.11 in the previous year, showing a year-over-year increase of about 0.6%[40] - Research and development expenses for Q3 2020 amounted to CNY 82,337,879.31, up from CNY 74,710,762.30 in the previous year, which is an increase of approximately 10.9%[48] Financial Expenses - The company’s financial expenses increased by 78.02% primarily due to higher loan interest[15] - The financial expenses for the third quarter showed a net income of CNY -3,155,298.04, compared to CNY -2,563,541.22 in the previous year, reflecting a higher financial cost[40] Compliance and Reporting - The company has not reported any overdue commitments or guarantees during the reporting period[19][25] - The company has not engaged in any securities or derivative investments during the reporting period[21][22] - The company has not undergone an audit for the third quarter report[64] - The company has implemented new revenue and leasing standards starting in 2020, affecting financial reporting[64]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,243,589,914.80, representing an increase of 8.04% compared to CNY 1,151,046,689.23 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 124,805,056.60, up 17.60% from CNY 106,123,942.17 in the previous year[16]. - The net cash flow from operating activities reached CNY 198,493,742.55, a significant increase of 79.86% compared to CNY 110,359,026.44 in the same period last year[16]. - The basic earnings per share increased to CNY 0.25, reflecting a growth of 19.05% from CNY 0.21 in the previous year[16]. - Total assets at the end of the reporting period were CNY 2,577,839,084.80, showing a slight increase of 1.26% from CNY 2,545,851,954.52 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company decreased by 3.89% to CNY 1,785,666,610.26 from CNY 1,857,985,509.26 at the end of the previous year[16]. - The company achieved operating revenue of CNY 1,243.59 million, an increase of 8.04% compared to the same period last year[29]. - Net profit attributable to shareholders reached CNY 124.81 million, reflecting a growth of 17.60% year-on-year[29]. - The company’s cash flow from operating activities increased by 79.86% to CNY 198.49 million, attributed to improved receivables collection[33]. - Research and development expenses rose by 8.11% to CNY 54.96 million, indicating a continued focus on innovation[33]. Market and Strategic Focus - The company plans to invest in new projects, indicating a focus on expanding its operational capacity[24]. - The company continues to maintain strong partnerships with leading enterprises in the industry, ensuring stable revenue streams[23]. - The plastic packaging industry remains competitive, but the company leverages its technological advantages to sustain growth[23]. - The company plans to enhance its product categories and accelerate the transition to dual-track development in color printing composite packaging and new film materials[29]. - The domestic market contributed CNY 1,129.35 million, accounting for 90.81% of total revenue, with a year-on-year growth of 10.65%[34]. - The international market revenue decreased by 12.39% to CNY 114.24 million, reflecting challenges in global trade[34]. - The company is actively developing new markets for thin film products, particularly in the medical device sector, which has seen increased demand[38]. Financial Management and Investments - The company did not distribute cash dividends or issue bonus shares for this period[5]. - The company reported no significant equity or non-equity investments during the reporting period[42][43]. - There were no securities or derivative investments made by the company in the reporting period[45][46]. - The company did not utilize any raised funds during the reporting period[47]. - A major non-raised fund investment project, the annual production of 33,000 tons of new BOPE film, has a planned total investment of CNY 30 million, with no actual investment made yet[49]. - The company has not sold any significant assets or equity during the reporting period[50][51]. - The company’s subsidiaries significantly contribute to its net profit, with one subsidiary reporting a net profit of CNY 721.76 million, accounting for over 10% of the company's net profit[52]. - The company faces risks from market competition, raw material price fluctuations, and new project investments, and plans to enhance R&D and customer service to mitigate these risks[53][54][55]. Shareholder and Equity Information - The company did not distribute cash dividends or issue new shares during the reporting period[59]. - The total amount of related party transactions during the reporting period was CNY 31.96 million, with a maximum approved amount of CNY 75 million[68]. - The total number of shares before the change was 503,616,724, with 2,738,434 shares (0.54%) being limited sale shares and 500,878,290 shares (99.46%) being unrestricted sale shares[87]. - After the change, the number of limited sale shares decreased to 2,194,062 (0.44%), while the unrestricted sale shares increased to 501,422,662 (99.56%) due to the release of 544,372 shares[87]. - The total number of shareholders at the end of the reporting period was 16,262, with significant shareholders including Huangshan Yongjia Investment Co., Ltd. holding 31.70% (159,651,305 shares) and Aorijin Technology Co., Ltd. holding 22.50% (113,315,201 shares)[92]. - The company reported that there were no changes in the controlling shareholder or actual controller during the reporting period[94]. - The company did not engage in any repurchase transactions among the top ten shareholders during the reporting period[93]. - The number of shares held by the top ten unrestricted ordinary shareholders included Mega Powder Coatings Ltd. with 3.96% (19,934,440 shares) and Yongbang China Investment Co., Ltd. with 3.44% (17,306,707 shares)[93]. - The company’s management shares were subject to a lock-up period, with 544,372 shares released during the reporting period[90]. - There were no convertible bonds or preferred shares issued by the company during the reporting period[99][97]. Compliance and Governance - The half-year financial report has not been audited[61]. - There were no significant legal disputes or penalties during the reporting period[64][65]. - The company approved the first employee stock ownership plan and the 2020 restricted stock incentive plan on July 10, 2020[66]. - The financial report was approved by the board of directors on July 30, 2020, ensuring compliance with regulatory requirements[151]. - The company has assessed its ability to continue as a going concern and found no issues affecting its operational capacity[156]. - The accounting policies followed are in accordance with the enterprise accounting standards, ensuring the accuracy of financial reporting[159]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit and has implemented effective pollution control measures[81]. - The company has established an emergency plan for environmental incidents in compliance with relevant laws and regulations[83]. - The company has not reported any significant environmental issues or other major matters during the reporting period[84].

Revenue and Profitability - Revenue for Q1 2020 was CNY 530.63 million, a decrease of 6.60% compared to CNY 568.10 million in the same period last year[7] - Net profit attributable to shareholders was CNY 49.32 million, down 3.30% from CNY 50.99 million year-on-year[7] - Total operating revenue for Q1 2020 was CNY 530,634,577.43, a decrease of 6.5% compared to CNY 568,104,691.30 in the same period last year[33] - Net profit for Q1 2020 was CNY 49,861,504.68, a decline of 3.1% from CNY 51,431,264.80 in Q1 2019[34] - The company's net profit for Q1 2020 was CNY 39,154,402.14, a decrease of 14.5% compared to CNY 45,617,142.50 in the same period last year[37] - Operating profit for the quarter was CNY 45,690,151.39, down 12.9% from CNY 52,394,409.13 year-over-year[37] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 39.97% to CNY 21.36 million from CNY 35.59 million in the previous year[7] - The net cash flow from operating activities was CNY 21,364,190.54, down 40% from CNY 35,588,886.93 in the same quarter last year[39] - The company reported a net cash outflow from investing activities of CNY 142,826,221.69, compared to a net outflow of CNY 33,623,335.67 in the previous year[39] - Cash and cash equivalents at the end of the period totaled CNY 477,132,221.25, a decrease from CNY 487,786,848.20 at the beginning of the period[39] - The company’s cash flow management appears to be under pressure, with a net decrease in cash and cash equivalents of -17,932,841.24 CNY for the quarter[42] Assets and Liabilities - Total assets increased by 4.54% to CNY 2.66 billion from CNY 2.55 billion at the end of the previous year[7] - The company's total liabilities increased to CNY 916,265,343.50 from CNY 650,676,782.90, indicating a significant rise in financial obligations[26] - Current assets totaled CNY 1,711,173,069.78, up from CNY 1,602,574,268.62, reflecting a growth in liquidity[25] - The total equity attributable to shareholders decreased to CNY 1,710,176,588.05 from CNY 1,857,985,509.26, reflecting a decline in shareholder value[27] - Total liabilities rose to CNY 670,380,632.20 in Q1 2020, compared to CNY 425,666,188.74 in Q1 2019, marking a significant increase of 57.5%[31] Operational Efficiency - The company's accounts receivable decreased to CNY 429,419,915.35 from CNY 458,534,590.24, indicating improved collection efficiency[25] - The inventory level decreased to CNY 257,573,561.79 from CNY 266,506,990.37, suggesting better inventory management[25] - Total operating costs for Q1 2020 were CNY 473,905,020.28, down 5.5% from CNY 509,316,575.39 year-over-year[33] Investments and Financing - Short-term borrowings increased by 399.58%, primarily due to additional bank loans[15] - The company raised CNY 111,235,176.50 through financing activities, a substantial increase from CNY 4,376,175.00 in the same quarter last year[39] - The net cash flow from financing activities was 11,517,642.26 CNY, a recovery from -64,431,966.59 CNY in the previous period, showing improved cash inflow from financing[42] Compliance and Reporting - The company reported no overdue commitments or guarantees during the reporting period, indicating strong compliance with financial obligations[20] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[43] - The company has not applied the new revenue and leasing standards for the current year, indicating a potential area for future compliance and reporting adjustments[43]

Financial Performance - The company's operating revenue for 2019 was ¥2,599,724,041.24, representing an increase of 11.47% compared to ¥2,332,267,545.29 in 2018[16] - The net profit attributable to shareholders for 2019 was ¥269,116,549.45, a growth of 19.44% from ¥225,324,381.72 in the previous year[16] - The net cash flow from operating activities increased by 32.30% to ¥428,432,150.13 in 2019, up from ¥323,833,456.96 in 2018[16] - Basic earnings per share rose to ¥0.54, marking a 20.00% increase from ¥0.45 in 2018[17] - The total assets at the end of 2019 were ¥2,545,851,954.52, a slight increase of 0.35% from ¥2,536,881,163.02 at the end of 2018[17] - The company's net assets attributable to shareholders increased by 1.06% to ¥1,857,985,509.26 at the end of 2019, compared to ¥1,838,464,715.08 at the end of 2018[17] - The company reported a quarterly revenue of ¥743,409,049.77 in Q4 2019, contributing to a total annual revenue of ¥2,599,724,041.24[21] - The company achieved a weighted average return on equity of 15.17% in 2019, up from 12.78% in 2018[17] - The net profit after deducting non-recurring gains and losses was ¥238,302,049.39, reflecting a 17.70% increase from ¥202,459,001.80 in 2018[16] Market and Product Development - The company developed and trial-produced 386 new products during the reporting period, with 22 technology projects submitted for approval and 33 patents applied for, of which 22 were granted[32] - The company completed all technical transformation projects, significantly upgrading the production environment and enhancing production efficiency[33] - The company focused on expanding its market presence, particularly in emerging industries benefiting from economic transformation and consumption upgrades[32] - The company’s overseas business saw significant growth, aided by the establishment of overseas offices to expand international markets[32] - The company plans to focus on R&D for new materials and products, targeting advancements in single-material and eco-friendly packaging to enhance market competitiveness[65] Financial Management and Investments - The company reported a government subsidy of CNY 24.50 million, up from CNY 16.84 million in 2018[23] - The company’s investment in new projects, such as the construction of a new plant in Shaanxi, is expected to inject new vitality into its development[33] - The company has a total of 25 million RMB in bank wealth management products, with no overdue amounts[103] - The company reported a total investment of 20,000,000 CNY in entrusted financial management, with an actual income of 453,040 CNY at an annualized return of 3.90%[104] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of ¥4 per 10 shares, based on a total of 492,809,889 shares[4] - The cash dividend represents 73.25% of the net profit attributable to ordinary shareholders, which was 269,116,549.45 yuan for the year[76] - The total cash dividend amount, including other methods, is 272,138,012.96 yuan, which is 100% of the distributable profit of 587,411,410.90 yuan[76] - The cash dividend payout ratio for 2019 is 100%, aligning with the company's commitment to shareholder returns while ensuring sustainable development[76] Governance and Compliance - The company emphasizes the importance of information disclosure and investor relations management to ensure transparency and build long-term relationships with investors[66] - The company has complied with the commitments made to minority shareholders in a timely manner[80] - The financial statements have been adjusted according to the new accounting standards issued by the Ministry of Finance, effective from January 1, 2019[83] - The company has not reported any non-standard audit opinions for the reporting period[82] - The company has a robust internal control system and governance structure in place, ensuring compliance with relevant laws and regulations[162] Environmental and Social Responsibility - The company emphasizes social responsibility, focusing on sustainable development and environmental protection through technology upgrades and waste reduction initiatives[108] - The company has implemented a high-efficiency waste gas purification project that complies with relevant emission standards[112] - The company is classified as a key pollutant discharge unit and has established monitoring and management protocols for emissions[111] Employee Management and Development - The company has a total of 2,050 employees, with 1,283 in production, 122 in sales, 307 in technical roles, and 169 in finance and administration[157] - The company follows a performance-based compensation policy, linking employee salaries to company performance, which includes basic salary, performance pay, and business commissions[158] - The company has established a training program that includes internal and external training, focusing on onboarding, on-the-job training, and specialized training[159] Risk Management - The company faces market competition risks that may suppress growth and affect product profit margins, prompting a focus on R&D and integrated services to enhance competitive advantages[67] - Fluctuations in raw material prices, particularly oil, pose risks to profitability, and the company will maintain flexible pricing strategies and inventory management[67] - New project investments are based on thorough market research, but market volatility may impact expected returns, leading to a focus on accelerating project implementation and customer development[67]

Financial Performance - The company's operating revenue for 2019 was CNY 2,599,724,041.24, representing an increase of 11.47% compared to CNY 2,332,267,545.29 in 2018[16]. - The net profit attributable to shareholders of the listed company was CNY 269,116,549.45, up 19.44% from CNY 225,324,381.72 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 238,302,049.39, an increase of 17.70% from CNY 202,459,001.80 in 2018[16]. - Basic earnings per share increased to CNY 0.54, reflecting a growth of 20.00% compared to CNY 0.45 in 2018[17]. - The company’s net profit for 2019 increased compared to previous years, indicating a positive financial performance[72]. Cash Flow - The cash flow generated from operating activities was CNY 428,432,150.13, which is a 32.30% increase from CNY 323,833,456.96 in 2018[16]. - Operating cash inflow totaled CNY 2,583,339,395.33, reflecting a year-on-year increase of 7.93%[46]. - Net cash flow from operating activities improved by 32.30% to CNY 428,432,150.13[46]. - Cash inflow from investment activities totaled CNY 2,210,701,522.62, significantly higher than CNY 550,522,234.84 in the previous year, marking an increase of approximately 300.5%[198]. - The ending balance of cash and cash equivalents was CNY 487,786,848.20, up from CNY 477,476,596.62, showing a slight increase of about 2.7%[199]. Assets and Liabilities - The total assets at the end of 2019 were CNY 2,545,851,954.52, a slight increase of 0.35% from CNY 2,536,881,163.02 at the end of 2018[17]. - Total liabilities decreased to CNY 650,676,782.90 in 2019 from CNY 663,766,443.80 in 2018, a reduction of about 2.0%[188]. - Owner's equity rose to CNY 1,895,175,171.62 in 2019, up from CNY 1,873,114,719.22 in 2018, indicating an increase of approximately 1.2%[188]. - Current assets totaled CNY 1,145,699,864.86 in 2019, down from CNY 1,265,355,807.51 in 2018, a decline of about 9.4%[189]. Research and Development - The company developed and trial-produced 386 new products during the reporting period, with 22 technical projects submitted and 33 patents applied for, of which 22 were granted[32]. - Research and development expenses increased to ¥101,190,953.28 in 2019, up 53.56% from the previous year[44]. - The company aims to strengthen its R&D capabilities, focusing on new materials and products, particularly in the food, daily chemical, pharmaceutical, and industrial packaging sectors[60]. Market and Business Strategy - The company has established long-term stable partnerships with leading enterprises in the industry, maintaining its position as a leader in the domestic market[26]. - The company’s international business saw substantial growth, aided by the efforts of overseas offices to expand market reach[32]. - The company is actively pursuing vertical integration strategies to enhance its supply chain and reduce production costs[28]. - The company is focusing on green, safe, intelligent, and standardized packaging as part of its future development strategy[56]. Dividend Policy - The company plans to distribute a cash dividend of CNY 4 per 10 shares, based on a total of 492,809,889 shares[4]. - The cash dividend represents 73.25% of the net profit attributable to shareholders of the parent company for the year 2019[70]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends increasing from 151,085,017.35 CNY in 2017 to 197,123,955.60 CNY in 2019[70]. Corporate Governance - The company emphasizes the importance of information disclosure and investor relations management to ensure timely and accurate communication with stakeholders[61]. - The company has complied with the new financial reporting standards issued by the Ministry of Finance, which includes changes to the presentation of financial statements effective from January 1, 2019[78]. - The company has ensured that all related transactions with subsidiaries are conducted legally and transparently, adhering to the Shenzhen Stock Exchange regulations[74]. Employee and Management - The total number of employees in the company is 2,050, with 1,100 in the parent company and 950 in major subsidiaries[150]. - The company has established a comprehensive training program, including internal and external training, to enhance employee skills[152]. - The total remuneration for the chairman, Sun Yi, is 1.551 million CNY, while the total for the general manager, Bao Zuben, is also 1.551 million CNY[148]. Environmental Responsibility - The company emphasizes social responsibility, focusing on sustainable development and environmental protection, with ongoing investments in technology upgrades and energy conservation[103][107]. - The company has implemented effective pollution control measures, ensuring emissions meet relevant standards[107]. Internal Controls and Audit - There were no significant deficiencies in internal controls reported for both financial and non-financial reports[166]. - The internal control audit report issued a standard unqualified opinion, confirming effective financial reporting internal controls[167]. - The audit report confirmed that there were no significant misstatements in the financial statements, providing reasonable assurance of their accuracy[181].

Financial Performance - Operating revenue for the reporting period was CNY 705,268,302.24, an increase of 15.22% year-on-year [7]. - Net profit attributable to shareholders was CNY 78,789,628.59, representing a year-on-year increase of 36.30% [7]. - Basic earnings per share were CNY 0.16, up 45.45% compared to the same period last year [7]. - Total operating revenue for Q3 2019 was CNY 705,268,302.24, an increase of 15.2% compared to CNY 612,105,578.22 in the same period last year [32]. - Net profit for Q3 2019 reached CNY 80,332,033.18, representing a 35.0% increase from CNY 59,476,134.75 in Q3 2018 [33]. - The net profit for the third quarter of 2019 was CNY 139,111,383.49, an increase of 6.0% compared to CNY 130,432,220.46 in the same period last year [44]. - Operating profit reached CNY 162,738,568.62, up from CNY 152,391,096.72, reflecting a growth of 5.9% year-over-year [44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,502,305,667.66, a decrease of 1.36% compared to the end of the previous year [7]. - Total assets as of September 30, 2019, were ¥2,502,305,667.66, down from ¥2,536,881,163.02 at the end of 2018 [27]. - Total liabilities increased to ¥693,751,867.24 from ¥663,766,443.80 year-over-year [26]. - Total liabilities were CNY 465,924,973.88, an increase from CNY 434,504,317.60 in the previous quarter [30]. - The company's total equity as of September 30, 2019, was ¥1,808,553,800.42, down from ¥1,873,114,719.22 at the end of 2018 [27]. - The company’s total equity decreased to CNY 1,630,891,436.39 from CNY 1,741,296,363.01 in the previous quarter, reflecting changes in retained earnings [30]. Cash Flow - Cash flow from operating activities was CNY 75,906,856.83, a decrease of 29.64% compared to the previous year [7]. - The net cash flow from operating activities was CNY 186,265,883.27, an increase of 21.0% compared to CNY 153,829,023.04 in the same period last year [46]. - Cash and cash equivalents at the end of the period totaled CNY 566,896,548.71, compared to CNY 574,277,863.14 at the end of the previous year [47]. - The net cash flow from operating activities increased to ¥167,477,320.98, up from ¥70,172,085.81 in the previous period, representing a growth of approximately 138.5% [49]. - The net cash flow from investing activities was ¥197,485,619.83, down from ¥237,743,784.12, showing a decline of about 16.9% [49]. - The company paid CNY 177,419,606.45 in dividends and interest, an increase from CNY 155,039,448.23 in the previous year, representing a rise of 14.3% [46]. Research and Development - Research and development expenses increased by 53.56% year-on-year, reflecting higher investment in product development [15]. - The company reported a significant increase in R&D expenses, totaling CNY 27,209,142.11, up from CNY 17,528,110.43 in Q3 2018, reflecting a focus on innovation [32]. - Research and development expenses increased to ¥16,322,557.56, up 39.9% from ¥11,663,321.78 in the previous period [36]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,536 [11]. - The company repurchased a total of 10,806,835 shares, accounting for approximately 2.15% of the total share capital, with a total payment of ¥75,014,057.36 [16]. - In the third quarter of 2019, the company repurchased 2,536,750 shares, representing about 0.50% of the total share capital, for a total amount of ¥17,249,164.00 [16].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,151,046,689.23, representing a 9.88% increase compared to CNY 1,047,504,690.02 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 106,123,942.17, up 16.14% from CNY 91,377,855.40 year-on-year[16]. - The net profit after deducting non-recurring gains and losses was CNY 101,029,858.56, reflecting a 16.84% increase compared to CNY 86,472,018.61 in the previous year[16]. - The net cash flow from operating activities was CNY 110,359,026.44, a significant increase of 140.17% from CNY 45,949,995.31 in the same period last year[16]. - Basic earnings per share rose to CNY 0.21, an increase of 16.67% from CNY 0.18 in the previous year[16]. - Total operating revenue for the first half of 2019 was CNY 1,151,046,689.23, an increase of 9.87% compared to CNY 1,047,504,690.02 in the same period of 2018[103]. - The total profit for the first half of 2019 was CNY 125,155,290.60, compared to CNY 110,594,361.48 in the first half of 2018, marking an increase of 13.19%[104]. - The company's operating profit for the first half of 2019 was CNY 125,276,177.37, an increase from CNY 110,402,874.05 in the same period of 2018[104]. - The total comprehensive income for the first half of 2019 was CNY 107,343,358.13, compared to CNY 93,544,938.78 in the same period of 2018, reflecting a growth of 14.74%[104]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,340,330,770.22, down 7.75% from CNY 2,536,881,163.02 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company decreased to CNY 1,712,321,511.14, a decline of 6.86% from CNY 1,838,464,715.08 at the end of the previous year[16]. - The company's total assets decreased to CNY 1,998,218,384.67 as of June 30, 2019, down from CNY 2,175,800,680.61 at the end of 2018[102]. - Total liabilities decreased to CNY 403,856,819.87 as of June 30, 2019, compared to CNY 434,504,317.60 at the end of 2018, a reduction of 7.5%[102]. - The total equity attributable to shareholders decreased to CNY 1,594,361,564.80 as of June 30, 2019, down from CNY 1,741,296,363.01 at the end of 2018[103]. - The total liabilities at the end of the reporting period are CNY 627,029,920.33, which is essential for assessing the company's financial leverage[116]. Cash Flow - The net cash flow from operating activities for the first half of 2019 was CNY 103,516,539.31, a significant increase compared to CNY 534,467.37 in the same period of 2018[110]. - Total cash inflow from operating activities reached CNY 796,846,340.20, up from CNY 749,963,083.07 year-on-year[110]. - Cash outflow from operating activities decreased to CNY 693,329,800.89 from CNY 749,428,615.70, indicating improved operational efficiency[110]. - The net cash flow from investment activities was CNY 21,288,806.85, a decrease from CNY 271,065,211.11 in the previous year, reflecting reduced investment recovery[110]. - The net cash flow from financing activities was -CNY 238,895,596.90, worsening from -CNY 156,564,970.57 in the previous year, indicating increased financial strain[110]. Research and Development - Research and development investment amounted to CNY 50,837,215.16, reflecting a slight increase of 1.98% year-on-year[33]. - Research and development expenses increased to CNY 47,501,620.19 in the first half of 2019, compared to CNY 31,124,085.67 in the same period of 2018, marking a significant rise of 52.1%[103]. - The company plans to continue investing in R&D to adapt to national environmental policies and industry trends[30]. Market Position and Strategy - The company remains focused on the plastic flexible packaging industry, leveraging technological innovation and brand recognition to maintain its competitive edge[24]. - The company has established long-term stable partnerships with leading enterprises and brand companies in the market, ensuring its position as a leader in the domestic industry[24]. - Revenue from the international market skyrocketed by 114.64%, driven by successful market expansion and recognition of products[37]. - The company maintained a focus on vertical integration to enhance its supply chain and reduce production costs[30]. - The company aims to strengthen long-term relationships with quality customers while cultivating new clients[30]. Shareholder Information - The company has been actively repurchasing its shares as approved by the board and shareholders, with multiple announcements made regarding the progress of the repurchase[76]. - The company repurchased a total of 8,270,085 shares, accounting for approximately 1.64% of the total share capital, with a total payment of ¥57,764,893.36 (excluding transaction fees) during the reporting period[81]. - The largest shareholder, Huangshan Yongjia Investment Co., Ltd., holds 31.70% of the total shares, amounting to 159,651,305 shares[85]. - The second-largest shareholder, Aorijins Technology Co., Ltd., holds 12.70% of the total shares, amounting to 63,956,264 shares, with 63,950,000 shares pledged[85]. - The company has a total of 20,635 shareholders at the end of the reporting period[85]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit and has implemented pollution control measures, including a high-efficiency gas purification project[74]. - The company has established an emergency response plan for environmental incidents in compliance with relevant laws and regulations[75]. Corporate Governance - There were no changes in the board of directors, supervisors, or senior management during the reporting period[92]. - The company did not implement any stock incentive plans or employee stock ownership plans during the reporting period[61]. - There were no significant related party transactions reported during the period[62]. Accounting and Financial Reporting - The financial report for the first half of 2019 was not audited[96]. - The financial statements are prepared based on the enterprise accounting standards, reflecting the company's financial position and operating results accurately[133]. - The company's accounting period runs from January 1 to December 31 each year[134]. - The company follows specific accounting policies for mergers and acquisitions, including the treatment of goodwill and identifiable assets[137].

本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网络 证券代码：002014 证券简称：永新股份 公告编号：2019-026 黄山永新股份有限公司 关于参加"2019 年安徽上市公司投资者集体接待日活动" 的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与广大投资者的沟通交流，使广大投资者能更全面、更深入地 了解公司情况，黄山永新股份有限公司（以下简称"公司"）将参加由安徽上市公司 协会和深圳市全景网络有限公司联合举办的"2019年安徽上市公司投资者集体接 待日"活动。 | --- | |--------------------------------------------------------------------| | | | 平台，采取网络远程的方式进行，投资者可登录全景 · 路演天下： | | 参与本次活动，活动时间： 2019 年 6 月 3 日（星期一） 14 ： | | 届时公司董事、副总经理、董事会秘书方洲先生将通过网络在线交流方式与 | | 投资者进行沟通。欢迎广大投资者积极参与。 | | 特此公告。 | | ...