江苏正威新材料股份有限公司 2022 年第三季度报告 证券代码：002201 证券简称：正威新材 公告编号：2022-32 江苏正威新材料股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 增减 | | 比上年同期增减 | | 营业收入（元） | 321,549,807.11 | -12.28% | 1,006,196,845.27 | -2.76% | | 归属于上市公司股东的净利润 | 5,824,209.94 | -12.03% | 2 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥684,647,038.16, representing a 2.46% increase compared to ¥668,203,646.45 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 13.80% to ¥22,254,259.19 from ¥25,818,429.20 in the previous year[22]. - The net profit after deducting non-recurring gains and losses increased by 2.71% to ¥22,240,800.61 compared to ¥21,654,875.32 in the same period last year[22]. - The net cash flow from operating activities was ¥37,087,171.29, down 15.29% from ¥43,781,144.25 in the previous year[22]. - Basic earnings per share decreased by 13.87% to ¥0.0478 from ¥0.0555 in the same period last year[22]. - The gross profit margin for the fiberglass and fiberglass-reinforced plastic manufacturing segment is 21.46%, a decrease of 0.96% from the previous year[44]. - The company reported a significant decrease in investment income, down 77.33% to 0.36 million from 1.59 million year-on-year[41]. - The total investment amount for the reporting period reached ¥53,268,265.22, representing a significant increase of 435.16% compared to the previous year's investment of ¥9,953,729.05[53]. - The company reported a total of ¥13,458.58 in non-recurring gains and losses during the reporting period[26]. - The company’s total liabilities include short-term borrowings of 43.71 million, which is 18.03% of total liabilities[49]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,424,743,985.13, a decrease of 2.66% from ¥2,490,960,710.27 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 1.41% to ¥1,029,754,379.77 from ¥1,015,412,846.37 at the end of the previous year[22]. - Cash and cash equivalents decreased by 53.68 million, a reduction of 45.34% compared to a decrease of 98.21 million in the previous year[41]. - The company’s total assets include cash and cash equivalents of 25.51 million, accounting for 10.52% of total assets[49]. - The company’s total liabilities as of June 30, 2022, were CNY 1,212,417,789.67, down from CNY 1,243,526,295.02 at the start of the year, a decrease of approximately 2.5%[146]. Research and Development - Research and development investment increased by 14.04% to 33.88 million from 29.71 million year-on-year[41]. - The company holds 105 valid patents, including 39 invention patents and 66 utility model patents, showcasing its strong commitment to technological innovation[36]. - The company emphasizes continuous technology upgrades and product performance improvements to maintain its competitive edge in the fast-evolving new materials sector[66]. - The company is focusing on enhancing its research and development capabilities to drive innovation[162]. Environmental Compliance - The company adheres to strict safety and environmental regulations, investing in safety and health management systems to comply with evolving standards[68]. - The company obtained pollution discharge permits valid until 2026, ensuring compliance with environmental regulations[77]. - The total emissions of particulate matter from Zhengwei New Materials reached 11.643 tons per year, with a compliance rate of 100%[78]. - The company has implemented measures to ensure that all emissions are compliant with the relevant environmental standards, including GB16297-1996[79]. - Jiangsu Zhengwei has implemented a clean production strategy, integrating advanced energy-saving and emission-reduction technologies into its operations[89]. Strategic Initiatives - The company has launched a "green technology transformation project" for sand wheel mesh, which will significantly increase production capacity and market share upon completion[31]. - The company has established strategic partnerships with key raw material suppliers, enhancing procurement efficiency and collaboration[32]. - The company is actively monitoring raw material price fluctuations and adjusting product prices to mitigate cost pressures[65]. - The company plans to maintain a focus on innovation-driven development to enhance competitiveness in response to macroeconomic uncertainties[64]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The profit distribution plan approved at the 2021 annual general meeting includes a cash dividend of CNY 0.17 per 10 shares and a capital reserve transfer of 4 shares for every 10 shares[121]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[94]. - The company has no related party guarantees outside of its subsidiaries[113]. Market Position and Future Outlook - The company is positioned in a key development area as per national industrial policies, indicating a favorable outlook for future growth[35]. - The company reported a stable growth in domestic glass fiber yarn production, despite global economic pressures, with future demand expected to rise due to government stimulus plans in various sectors[34]. - The company plans to expand its market presence and invest in new product development in the upcoming quarters[162]. - The company has set a target for revenue growth of approximately 10% for the next fiscal year[162]. Legal and Compliance Matters - The semi-annual financial report was not audited[96]. - The company did not experience any bankruptcy reorganization matters during the reporting period[97]. - There were no significant litigation or arbitration matters during the reporting period[98]. - The company has one ongoing litigation case involving an amount of 1.7991 million yuan, which has not formed a provision for liabilities[99]. Operational Efficiency - The company employs a flexible production model based on sales demand, which enhances its responsiveness to market changes[32]. - The company aims to improve operational efficiency through cost management strategies[162]. - The company faces management challenges due to business expansion and is enhancing its management team and processes to reduce risks[67].

Financial Performance - The company's operating revenue for 2021 was ¥1,497,680,458.07, a decrease of 10.36% compared to 2020[21]. - The net profit attributable to shareholders for 2021 was ¥41,322,244.99, an increase of 19.72% year-over-year[21]. - The net profit after deducting non-recurring gains and losses was ¥31,029,376.29, representing a 49.66% increase from the previous year[21]. - The net cash flow from operating activities decreased by 67.65% to ¥63,331,436.03 in 2021[21]. - The basic earnings per share for 2021 was ¥0.09, up 28.57% from ¥0.07 in 2020[21]. - Total assets at the end of 2021 were ¥2,490,960,710.27, a slight decrease of 0.37% from the previous year[21]. - The net assets attributable to shareholders increased by 4.01% to ¥1,015,412,846.37 at the end of 2021[21]. - The company achieved a total operating revenue of CNY 1.498 billion in 2021, a decrease of 10.36% compared to the previous year[48]. - The net profit attributable to shareholders was CNY 413.22 million, an increase of 19.72% year-on-year[46]. - Sales revenue from fiberglass and its products reached CNY 996.99 million, up 29.34% year-on-year[48]. - The sales revenue from fiberglass reinforced plastic products decreased by 50.10% to CNY 42.27 million[46]. - The company reported a significant recovery in demand for fiberglass yarn products, resulting in a 49.65% increase in annual revenue to CNY 407.56 million[46]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 0.17 RMB per 10 shares to all shareholders, based on a total of 465,454,458 shares[6]. - The profit distribution plan includes a cash dividend of 0.17 CNY per 10 shares (tax included) and a capital reserve increase of 4 shares for every 10 shares held, based on a total share capital of 465,454,458 shares[144]. - The total cash dividend amount is 7,912,725.79 CNY, which accounts for 100% of the total profit distribution amount[143]. Corporate Structure and Governance - The company has undergone a name change from Jiuding New Materials to Zhengwei New Materials on November 11, 2021[16]. - The company reported no changes in its main business since its establishment in 1994[19]. - The company’s actual controller is Wang Wenyin, following changes in its major shareholder structure[19]. - The company has established a complete independent financial department and accounting system, ensuring no non-operational occupation of funds or assets by shareholders or related parties[113]. - The company has a well-functioning governance structure, including a shareholders' meeting, board of directors, and supervisory board, operating independently from all related enterprises[113]. - The company emphasizes risk awareness among investors regarding the differences between plans, forecasts, and commitments, as well as the nature of counterparties and market reactions[105]. Research and Development - The company has obtained a total of 36 patents in the last three years, with 10 patents granted in 2021 alone, indicating a strong focus on innovation and technology development[42]. - The company is actively involved in the research and development of new technologies related to fiberglass and composite materials[85]. - The company aims to enhance product quality and stability through ongoing R&D projects, including automated production technologies[61]. - R&D investment amounted to ¥75,157,537.31 in 2021, an increase of 5.76% compared to ¥71,066,702.68 in 2020, representing 5.02% of operating revenue[63]. - The number of R&D personnel decreased by 14.61% from 445 in 2020 to 380 in 2021, with the proportion of R&D personnel in the company dropping from 19.53% to 16.97%[63]. Environmental Compliance and Sustainability - The company has complied with environmental protection laws and obtained necessary permits, including a pollution discharge permit valid until July 28, 2026[152]. - The company reported an environmental protection investment of CNY 11.47 million in 2021, primarily for air and wastewater treatment facilities and monitoring expenses[161]. - The company maintained compliance with all reported emissions, indicating effective pollution control measures[153]. - The company has implemented a closed gas transportation system to minimize dust emissions during production[158]. - The company emphasizes the protection of shareholder and creditor rights, ensuring equal status and legal rights for all shareholders, particularly minority shareholders, through combined on-site and online voting at shareholder meetings[163]. Market and Industry Outlook - The company plans to expand its market presence in the fiberglass industry, which is experiencing continuous growth in domestic scale and high concentration of global capacity[87]. - The company anticipates continued expansion in downstream applications of fiberglass, with ongoing growth potential in various industries[87]. - The global glass fiber market is expected to grow from 8 million tons to nearly 10 million tons, with a CAGR of 7.3%[94]. - The demand for glass fiber in the construction sector accounts for approximately 35% of total glass fiber demand, with significant applications in GRC boards, insulation boards, and waterproofing materials[94]. Operational Efficiency and Innovations - The company has made significant advancements in the field of fiberglass, with patents related to various applications including energy, construction, and environmental protection[42]. - The company has a strong focus on automation, as evidenced by the development of an integrated production line for automated forming, picking, and inspection of grinding net pieces[44]. - The company has implemented a semi-automatic grinding technology, significantly improving production efficiency and reducing labor hours[63]. - The introduction of a new lifting clamp for large blades improved the demolding efficiency, achieving zero defects and reducing the demolding time to 15 minutes[63]. Employee and Management Information - The company had a total of 2,239 employees at the end of the reporting period, with 1,339 in the parent company and 900 in major subsidiaries[138]. - The management team includes experienced individuals, with the average age of directors being around 51 years[128]. - The company emphasizes employee training and development, implementing a multi-faceted training system to support career growth[140]. - The company adopts a "customer first" principle, focusing on improving customer service quality and satisfaction as a key operational goal[164]. Strategic Initiatives and Future Plans - The company aims to become a leader in the functional materials industry under the carbon neutrality strategy, focusing on high-quality development and innovation[101]. - The company plans to enhance operational management and ensure revenue growth while pursuing necessary mergers and acquisitions[102]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan for potential deals[123]. - The company plans to enhance its digital marketing strategy, expecting a 25% increase in online sales[123].

江苏正威新材料股份有限公司 2022 年第一季度报告全文 证券代码：002201 证券简称：正威新材 公告编号：2022-15 江苏正威新材料股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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） | 321,069,046.92 | 293,935,429.19 | 9.23% | | 归属于上市公司股东的净利润（元） | 10,288,172.89 | 11,552 ...

Revenue and Profitability - Revenue for Q3 2021 was CNY 366,578,229.71, a decrease of 31.18% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 6,620,548.05, an increase of 315.62% year-on-year[3] - Net profit excluding non-recurring gains and losses was CNY 3,786,580.81, up 649.68% compared to the previous year[3] - Basic earnings per share for Q3 2021 was CNY 0.0142, reflecting a 317.65% increase year-on-year[3] - Total operating revenue for the period reached CNY 1,034,781,876.16, an increase from CNY 1,014,672,093.56 in the previous period, reflecting a growth of approximately 1.1%[20] - Net profit for the period was CNY 32,438,977.25, significantly higher than CNY 11,076,084.37 in the same period last year, representing an increase of about 193.5%[21] - Operating profit for the period was CNY 32,003,670.67, up from CNY 15,760,738.61 in the previous year, marking an increase of approximately 103.9%[20] - Basic and diluted earnings per share increased to CNY 0.0697 from CNY 0.0238, representing a growth of approximately 192.4%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,323,339,530.41, a decrease of 7.07% from the end of the previous year[3] - Total assets as of September 30, 2021, amounted to CNY 2,323,339,530.41, a decrease from CNY 2,500,133,284.01 at the end of 2020, representing a decline of approximately 7.1%[16] - Current assets decreased to CNY 930,434,749.73 from CNY 995,449,270.62, reflecting a reduction of about 6.5%[17] - Total liabilities decreased to CNY 1,317,964,322.74 from CNY 1,523,895,488.95, indicating a reduction of approximately 13.5%[19] - The company’s total liabilities decreased by 39.44% for long-term payables, totaling CNY 3,374,730[8] - Total liabilities amounted to CNY 1,200,000,000, reflecting a stable financial position[28] - Total liabilities amounted to CNY 1,523,895,488.95, a slight decrease from CNY 1,524,728,418.28, reflecting a change of CNY 832,929.33[29] Cash Flow - Cash flow from operating activities decreased by 50.93% year-on-year, totaling CNY 112,077,186.37[10] - The cash flow from operating activities was CNY 663,710,513.19, slightly down from CNY 673,455,701.17 in the previous period, a decrease of about 1.1%[23] - The net cash flow from operating activities was CNY 112,077,186.37, a decrease of 50.9% compared to CNY 228,381,735.34 in the previous year[24] - The company’s cash outflow for operating activities was CNY 583,846,676.05, compared to CNY 512,326,127.79 in the previous year, indicating increased operational costs[24] - The cash inflow from other operating activities was CNY 22,264,653.00, a decrease from CNY 64,965,980.52 year-on-year[24] - The net cash flow from financing activities was -CNY 261,856,111.92, worsening from -CNY 135,287,127.33 in the same period last year[25] - The company’s cash outflow for financing activities was CNY 801,597,079.97, slightly lower than CNY 858,723,334.20 in the previous year[25] Shareholder Structure - The company has a significant shareholder structure, with Shenzhen Yiwai New Materials Co., Ltd. holding 19.55% of shares[14] - The top ten shareholders collectively hold a substantial portion of the company's equity, indicating concentrated ownership[14] Research and Development - Research and development expenses rose to CNY 49,437,724.77 from CNY 43,122,788.76, reflecting an increase of about 14.5%[20] Other Financial Metrics - The company reported a 254.75% increase in asset disposal gains, amounting to CNY 248,000[9] - The company’s cash and cash equivalents decreased by 57.88% year-on-year, totaling CNY 9,090,390[11] - The company’s total equity increased to CNY 1,005,375,207.67 from CNY 976,237,795.06, showing a growth of about 3.9%[19] - The company reported an unallocated profit of CNY 225,939,574.16, which is a decrease from CNY 226,295,151.69, reflecting a change of CNY 355,577.53[29] - The total cash and cash equivalents at the end of the period stood at CNY 66,139,224.23, down from CNY 157,043,114.66 at the end of the previous year[25] Audit and Reporting - The company has not undergone an audit for the third quarter report[31] - The report was released on October 27, 2021, indicating the company's commitment to timely financial disclosures[31]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 668,203,646.45, representing a 38.63% increase compared to CNY 482,004,167.89 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was CNY 25,818,429.20, a significant increase of 172.26% from CNY 9,483,156.30 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 21,654,875.32, up 156.84% from CNY 8,431,292.61 year-on-year[18]. - The basic earnings per share for the first half of 2021 was CNY 0.0555, reflecting a 172.06% increase compared to CNY 0.0204 in the same period last year[19]. - The gross profit margin for the glass fiber and fiberglass products manufacturing segment was 26.10%, an increase of 2.70% compared to the previous year[35]. - The company reported a total operating cost of ¥637,857,491.29 for the first half of 2021, which is a 37.6% increase from ¥463,311,826.60 in the first half of 2020[127]. - The total comprehensive income for the first half of 2021 was CNY 25,140,255.53, compared to CNY 34,647,842.55 in the same period of 2020, indicating a decrease of approximately 27.5%[132]. Cash Flow and Assets - The net cash flow from operating activities decreased by 66.30% to CNY 43,781,144.25 from CNY 129,927,322.22 in the previous year[19]. - The company experienced a significant decline in cash and cash equivalents, with a net decrease of ¥98,206,388.21, largely due to reduced cash flow from operations[33]. - Cash and cash equivalents decreased to ¥170,012,198.36, accounting for 7.28% of total assets, down from 9.07% last year, a decrease of 1.79%[38]. - Total assets at the end of the reporting period were CNY 2,336,091,278.82, a decrease of 6.56% from CNY 2,500,133,284.01 at the end of the previous year[19]. - Current assets decreased from CNY 995,449,270.62 to CNY 881,808,908.91, a reduction of about 11.43%[119]. - Total liabilities decreased from CNY 1,523,895,488.95 to CNY 1,337,336,619.20, a reduction of about 12.2%[121]. Investments and R&D - Research and development expenses increased by 65.16% to ¥29,710,754.80, reflecting the company's commitment to enhancing innovation[33]. - The company aims to achieve breakthroughs in diversified development strategies focusing on microwave, electronic information new materials, and functional materials[4]. - The company has identified research and development plans in new energy power materials, microwave and electronic information materials, and functional materials[52]. Market Position and Strategy - The company holds a leading position in the domestic and international markets for sand wheel net pieces, with a focus on high-end products[27]. - The company is expected to benefit from the rapid development of 5G infrastructure and the implementation of national emission standards, providing significant market opportunities[27]. - The company plans to actively acquire major shareholders' support in industrial layout and optimize old assets while integrating new assets[4]. Environmental and Safety Management - The company has established a comprehensive safety, environmental, and occupational health management system to comply with national and local regulations[55]. - The company invested CNY 2.744 million in environmental governance and protection in the first half of 2021, including upgrades to waste gas treatment facilities and waste disposal costs[72]. - The company has implemented emergency response plans for environmental incidents, with regular training and drills for employees[72]. Shareholder and Equity Information - The total number of common shareholders at the end of the reporting period is 34,739[108]. - The largest shareholder, Shenzhen Yiwei New Materials Co., Ltd., holds 19.55% of shares, totaling 91,000,000 shares[108]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[109]. Compliance and Governance - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and transparency[155]. - The company has established a comprehensive governance structure including a board of directors and various departments to enhance operational efficiency[154]. - The semi-annual financial report has not been audited[81]. Risks and Challenges - The company faces risks related to rapid technological changes in the new materials sector, which may impact its market position if it fails to keep up[52]. - The global economic recovery remains uneven, with emerging markets still facing challenges due to the pandemic[52]. - The company will closely monitor macroeconomic changes and policy trends to mitigate risks associated with the economic environment[52].

Financial Performance - The company's operating revenue for Q1 2021 was ¥293,935,429.19, representing a 60.79% increase compared to ¥182,806,299.47 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2021 reached ¥11,552,239.29, a significant increase of 529.81% from ¥1,834,249.80 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,484,900.44, up 486.76% from ¥1,446,049.82 year-on-year[7]. - The basic earnings per share for Q1 2021 was ¥0.0347, reflecting a 530.91% increase from ¥0.0055 in the same period last year[7]. - Operating revenue for the reporting period increased by CNY 111.13 million, a rise of 60.79%, primarily driven by enhanced domestic market development and increased sales of wind turbine blades and fiberglass products[15]. - The company reported a net profit of CNY 351,686,385.44 for the period, compared to CNY 338,984,632.19 in the previous period, reflecting a growth of 3.9%[35]. - The total profit for Q1 2021 was CNY 13,736,624.84, up from CNY 3,814,391.10 in Q1 2020, which is an increase of approximately 260.0%[38]. - The company's total comprehensive income for Q1 2021 was CNY 11,552,239.29, compared to CNY 1,834,249.80 in the same period last year, indicating a substantial increase of approximately 529.5%[39]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,404,329,535.64, a decrease of 3.83% from ¥2,500,133,284.01 at the end of the previous year[7]. - Total assets decreased from CNY 2,500,133,284.01 at the end of 2020 to CNY 2,404,329,535.64 as of March 31, 2021, representing a decline of 3.8%[32]. - Total liabilities decreased from CNY 1,523,895,488.95 to CNY 1,416,183,923.76, a reduction of 7.0%[31]. - Current liabilities totaled CNY 1,186,737,131.69, down from CNY 1,269,245,300.07, indicating a decrease of 6.5%[31]. - Non-current liabilities decreased from CNY 254,650,188.88 to CNY 229,446,792.07, a decline of 9.9%[31]. - The company's total equity increased from CNY 1,087,110,414.22 to CNY 1,099,812,167.47, an increase of 1.3%[35]. - The company reported a deferred income tax liability of CNY 3,963,840.15[56]. - The total liabilities and owner's equity combined amounted to CNY 2,470,190,664.39[57]. Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥4,800,230.28, down 90.96% from ¥53,117,900.16 in the same period last year[7]. - The cash inflow from operating activities was CNY 214,110,530.78, down from CNY 250,228,102.92 in the previous year, indicating a decrease of about 14.4%[44]. - The total cash inflow from operating activities was 343,395,110.35 CNY, significantly higher than 185,865,010.35 CNY in the previous period[48]. - The net cash flow from financing activities was -51,150,691.01 CNY, compared to a positive flow of 27,686.77 CNY previously[46]. - Cash outflow for investment activities totaled 7,932,804.83 CNY, a decrease of 25.5% from 10,574,155.04 CNY[45]. - The net cash flow from investment activities was -7,891,122.83 CNY, compared to -10,574,155.04 CNY in the previous period[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,616[10]. - The top three shareholders held a combined 40.98% of the company's shares, with Shenzhen Yiwei New Materials Co., Ltd. holding 19.55%[10]. Research and Development - Research and development expenses increased by CNY 5.81 million, a growth of 72.51%, reflecting the company's increased investment in R&D[15]. - The company's R&D expenses were CNY 13,813,859.05, which is an increase of 72.5% from CNY 8,007,352.34 in the previous year[38]. Other Financial Metrics - The company reported a credit impairment loss of CNY 762,201.12, compared to a loss of CNY 225,017.24 in the previous year, showing a deterioration in credit quality[38]. - The financial expenses for the quarter were CNY 11,612,258.78, slightly up from CNY 10,480,448.60, reflecting an increase of about 10.8%[38]. - The company has no significant non-operating guarantees or financial investments during the reporting period[22][23]. - The implementation of the new leasing standard from January 1, 2021, did not require retrospective adjustments to prior financial statements[57]. - The company has a total of CNY 47,867,639.09 in deferred income[56].

Financial Performance - The company's operating revenue for 2020 was ¥1,670,715,420.64, representing a 69.73% increase compared to ¥984,321,532.50 in 2019[17] - The net profit attributable to shareholders for 2020 was ¥34,514,669.12, an increase of 23.17% from ¥28,021,927.27 in 2019[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,732,706.75, a significant increase of 430.09% compared to ¥3,911,193.60 in 2019[17] - Basic earnings per share increased by 25.00% to CNY 0.10 from CNY 0.08 in 2019[18] - The company reported a significant increase in sales volume for fiberglass reinforced plastic products, which surged by 568.11% to 35,456 tons[50] - The revenue from the mainland China market was CNY 1,324,929,483.02, representing a substantial increase of 117.26% compared to the previous year[50] - The company reported a cash dividend total of 3,657,142.17 yuan for 2020, with no other forms of cash distribution[104] Cash Flow and Investments - The net cash flow from operating activities for 2020 was ¥195,778,144.79, a decrease of 10.66% from ¥219,138,256.36 in 2019[17] - Cash and cash equivalents increased by 69.19 million yuan, a growth of 43.85% compared to the end of the previous year, primarily due to an increase in bank deposits[32] - The company reported a 163.56% increase in net cash and cash equivalents, reaching ¥102,169,554.79[59] - The total amount of cash and cash equivalents at the end of the period was ¥226,960,459.73, representing 9.08% of total assets[61] - The company’s investment income dropped by 67.59% to ¥4,718,530.11 due to the disposal of a subsidiary in 2019[57] Production and Operations - The total production of glass fiber yarn reached 5.41 million tons, a year-on-year increase of 2.64%[30] - The production of glass fiber reinforced composite materials totaled approximately 5.1 million tons in 2020, representing a year-on-year growth of 14.6%[31] - The company’s production capacity for new pool kiln projects reached nearly 400,000 tons, contributing to the recovery of market demand[44] - The inventory of fiberglass products decreased by 19.81% to 9,226 tons, indicating improved sales performance[50] Research and Development - The company holds 98 valid patents, including 38 invention patents and 60 utility model patents, with 17 new patents granted during the reporting period[35] - The company is focusing on research and development of new technologies, including a waste gas recycling system for adhesive products[36] - The company aims to enhance its research and development in new materials for the new energy vehicle sector, with a focus on acquiring breakthroughs in special materials through mergers and acquisitions[85] - The company has actively pursued technological advancements, resulting in numerous patents for innovative products and processes[37][38] Market Strategy and Expansion - The company aims to expand its market presence and enhance its product offerings in the upcoming year[5] - Future outlook includes expansion into new markets and potential mergers and acquisitions to strengthen its market position[36] - The company is focused on expanding its market presence and enhancing its product offerings through strategic appointments and management restructuring[174] - The company has established strategic partnerships with key raw material suppliers, enhancing its procurement model[29] Environmental Compliance and Sustainability - The company has committed to strict compliance with safety and environmental regulations, investing in safety and health management systems[99] - The company has implemented advanced pollution control technologies, including bag filters and UV photolysis systems, to manage emissions effectively[149] - The company invested a total of 15.29 million yuan in environmental protection and energy conservation during the reporting period[150] - Jiangsu Jiuding has maintained all emissions below the regulatory limits, demonstrating a commitment to environmental sustainability[145] Governance and Management - The company has a diverse leadership team with members holding advanced degrees and professional qualifications, contributing to its operational effectiveness[176] - The company emphasizes a compensation policy that aligns with performance and responsibilities, ensuring fairness and market alignment[184][185] - The company has established a transparent performance evaluation and incentive mechanism for its directors and senior management, linking compensation to operational performance[190] - The company maintains a fully independent business, personnel, asset, organizational, and financial structure, ensuring no reliance on its controlling shareholder[192] Risks and Challenges - The company has identified risks related to macroeconomic conditions, technology updates, and management challenges as potential impacts on achieving operational goals[97][98] - The company emphasized product structure adjustment, market expansion, and technological innovation to mitigate adverse effects during the pandemic[42] - The company has faced challenges in acquiring core technologies due to recent changes in the international macro environment, which may affect its market position[97]

Financial Performance - Operating revenue for the reporting period reached CNY 532,667,925.67, a 112.35% increase year-on-year[6] - Net profit attributable to shareholders increased by 207.49% to CNY 1,592,928.07 for the reporting period[6] - Basic earnings per share increased by 200.00% to CNY 0.0048[6] - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of CNY 505,095.19, up 133.81% year-on-year[6] - Total operating revenue for Q3 2020 reached ¥532,667,925.67, a significant increase of 112.4% compared to ¥250,842,799.11 in the same period last year[37] - Net profit for Q3 2020 was ¥1,592,928.07, compared to ¥518,036.61 in Q3 2019, representing a growth of 207.5%[38] - Total operating revenue for the current period reached ¥1,014,672,093.56, a significant increase from ¥678,704,871.40 in the previous period, representing a growth of approximately 49.5%[42] - Net profit for the current period was ¥11,076,084.37, up from ¥5,112,458.87 in the previous period, reflecting a growth of approximately 116.5%[44] Assets and Liabilities - Total assets increased by 11.60% to CNY 2,566,505,875.66 compared to the end of the previous year[6] - Current assets totaled CNY 1,049,904,507.10, up from CNY 735,475,009.22, indicating a significant increase of about 42.7%[30] - Total liabilities reached CNY 1,614,364,640.17, compared to CNY 1,353,752,203.95, which is an increase of approximately 19.3%[31] - The company reported a total equity of CNY 952,141,235.49, slightly up from CNY 946,052,163.17, showing a marginal increase of about 0.6%[31] - Total liabilities as of Q3 2020 amounted to ¥1,389,222,756.05, an increase of 13.9% from ¥1,219,561,575.44 in the previous year[38] - Current liabilities amounted to ¥1,107,086,505.75, with short-term borrowings at ¥482,766,680.00 and accounts payable at ¥216,077,502.85[57] Cash Flow - Net cash flow from operating activities rose by 57.42% to CNY 98,454,413.12[6] - Net cash flow from operating activities increased by CNY 105.89 million, a growth of 86.44%, primarily due to increased sales receipts[17] - The net cash flow from operating activities for Q3 2020 was CNY 228,381,735.34, an increase of 86.5% compared to CNY 122,493,349.08 in Q3 2019[50] - Total cash inflow from operating activities reached CNY 847,319,891.20, up 25.9% from CNY 673,329,810.01 in the previous year[52] - Cash inflow from financing activities amounted to CNY 723,436,206.87, a slight increase from CNY 709,241,744.35 in the same period last year[53] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,678[9] - The largest shareholder, Shenzhen Yiwai New Materials Co., Ltd., holds 19.55% of the shares[9] Research and Development - Research and development expenses increased by CNY 19.52 million, a growth of 82.67%, reflecting the company's increased investment in R&D[15] - Research and development expenses increased to ¥25,133,640.30, a rise of 172.5% from ¥9,208,389.99 in the previous year[38] - Research and development expenses rose to ¥43,122,788.76, compared to ¥23,606,425.02 in the previous period, an increase of approximately 82.6%[43] Inventory and Receivables - Accounts receivable increased by CNY 101.73 million, a growth of 37.92%, primarily due to increased sales revenue during the reporting period[13] - Inventory increased by CNY 126.34 million, a growth of 54.03%, attributed to increased raw material and work-in-progress inventory for large fiberglass products[13] - Accounts receivable rose to CNY 369,995,251.48 from CNY 268,267,613.44, reflecting a growth of approximately 37.9%[29] - Inventory increased to CNY 360,178,041.74 from CNY 233,837,685.43, marking a rise of about 54%[29] Financial Expenses - Financial expenses for the quarter were ¥13,912,057.67, an increase of 16.8% from ¥11,906,086.67 in the previous year[38] - Financial expenses decreased to ¥36,478,775.61 from ¥39,870,620.30, a reduction of approximately 6.0%[43] Other Financial Metrics - The weighted average return on net assets was 0.17%, an increase from 0.11% at the end of the previous year[6] - The company plans to continue expanding its market presence and invest in new product development to drive future growth[38] - The company adopted the new revenue recognition standard starting January 1, 2020, adjusting the beginning balance of contract liabilities accordingly[62] - The third quarter report was not audited, indicating a preliminary financial position[63]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥482,004,167.89, representing a 12.65% increase compared to ¥427,862,072.29 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥9,483,156.30, a significant increase of 106.41% from ¥4,594,422.26 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,431,292.61, showing a remarkable increase of 6,452.54% compared to a loss of ¥132,723.20 in the same period last year[18]. - The net cash flow from operating activities was ¥129,927,322.22, up 116.73% from ¥59,950,241.20 in the previous year[18]. - The basic earnings per share increased to ¥0.0285, a rise of 106.52% from ¥0.0138 in the same period last year[18]. - The total profit for the first half of 2020 was CNY 14,859,201.74, up from CNY 7,163,409.73, representing a growth of 107.5%[147]. - The company's operating profit improved to CNY 12,874,909.75, compared to CNY 5,911,045.42 in the first half of 2019, marking a growth of 118.5%[147]. - The total comprehensive income for the first half of 2020 was CNY 34,647.84 million, reflecting a significant increase compared to the previous period[165]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,415,692,579.21, reflecting a 5.04% increase from ¥2,299,804,367.12 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥950,548,307.42, a slight increase of 0.48% from ¥946,052,163.17 at the end of the previous year[18]. - Current liabilities rose to CNY 1,297,468,300.74, compared to CNY 1,107,086,505.75, reflecting an increase of about 17.19%[139]. - Total liabilities increased to CNY 1,465,144,271.79 from CNY 1,353,752,203.95, reflecting a growth of about 8.22%[139]. - The company's equity attributable to shareholders reached CNY 950,548,307.42, slightly up from CNY 946,052,163.17, indicating a growth of around 0.52%[140]. Cash Flow - The company's cash flow from operating activities saw a significant increase of 116.73%, reaching CNY 129.93 million, primarily due to an increase in customer prepayments[36]. - The net cash flow from operating activities for the first half of 2020 was CNY 129,927,322.22, a significant increase from CNY 59,950,241.20 in the same period of 2019, representing a growth of approximately 116.5%[154]. - Cash received from sales of goods and services was CNY 445,362,630.21, significantly higher than CNY 317,321,719.35 in the first half of 2019, an increase of 40.3%[153]. - The cash outflow from operating activities was CNY 352,812,686.94, up from CNY 300,885,217.26, reflecting an increase of approximately 17.2%[154]. Research and Development - The company’s R&D investment increased by 24.94% year-on-year, amounting to CNY 17.99 million[36]. - Research and development expenses increased to CNY 17,989,148.46, up from CNY 14,398,035.03, indicating a growth of 25.0%[145]. Market and Sales - Revenue from fiberglass and fiberglass-reinforced plastic products manufacturing was CNY 427,066,660.91, accounting for 88.60% of total revenue, with a year-on-year increase of 4.22%[39]. - Revenue from mainland China reached CNY 318,762,173.32, up 30.84% year-on-year, primarily due to increased domestic market development efforts[42]. - The company has established strategic partnerships with major raw material suppliers, enhancing its procurement model[27]. - The company has received orders from major wind turbine manufacturers, ensuring sales targets for 2020 will be met[34]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[6]. - The company has not utilized any raised funds during the reporting period[56]. - The company has no significant asset or equity sales during the reporting period[60]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[82]. Governance and Compliance - The company has established a governance structure including a general manager's office, investment development department, and financial department[171]. - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[172]. - The company has assessed its ability to continue as a going concern and found no significant doubts regarding its operational continuity[174]. - The company has complied with all relevant environmental laws and regulations during its production operations[109]. Environmental Responsibility - Environmental protection investments for the first half of 2020 amounted to over 6 million yuan, with an environmental protection tax payment of 380,224.98 yuan[111]. - The company has set up pollution control facilities, including a bag filter dust removal system and a dual-alkali desulfurization system, which are operating normally[110]. - The company has no environmental accidents or administrative penalties reported[112]. Shareholder Information - The company has a total of CNY 39.54 million in other financial assets, with no reported changes in fair value[53]. - The total number of common shareholders at the end of the reporting period is 43,434[119]. - The largest shareholder, Shenzhen Yiwai New Materials Co., Ltd., holds 19.55% of shares, totaling 65,000,000 shares[119].