证券代码：002211 证券简称：ST 宏达 上海宏达新材料股份有限公司投资者关系活动记录表 | --- | --- | |-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | 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（请文字说明其他活动内容） | | | | | 参与单位名称及 人员姓名 | 投资者网上提问 | | 时间 | 2022 年 5 月 18 日 ( 周三 ) 下午 15:00~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（ https://ir.p5w.net ） 采用网络远程的方 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥86,952,310.30, a decrease of 29.79% compared to ¥118,265,336 from the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was -¥5,893,282.11, representing a significant improvement of 94.57% from -¥108,516,030 in the previous year[5] - The company's total revenue for the first nine months of 2022 was CNY 285.21 million, a decrease of 29.79% compared to CNY 406.22 million in the same period of 2021[13] - Total operating revenue for Q3 2022 was ¥285,210,620.49, a decrease of 29.7% compared to ¥406,218,091.92 in the same period last year[21] - The company reported a net loss of ¥25,221,859.18 for Q3 2022, an improvement from a loss of ¥214,115,707.60 in the previous year[21] - The net profit for Q3 2022 was -24,156,247.64 CNY, an improvement from -204,526,679.50 CNY in the same period last year, indicating a reduction in losses by approximately 88.2%[22] - The total comprehensive income for Q3 2022 was -24,156,247.64 CNY, compared to -204,526,679.50 CNY in Q3 2021, reflecting a significant reduction in comprehensive losses[22] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥47,803,690, showing a substantial increase of 243.36% compared to -¥33,345,010 in the same period last year[5] - The company reported a net cash flow from operating activities of CNY 47.80 million, a significant improvement of 243.36% compared to a negative cash flow of CNY 33.35 million in the previous year[13] - The company’s cash flow from investing activities improved by 496.38% to CNY 6.50 million, reflecting refunds from prior fixed asset prepayments[13] - The cash flow from investing activities generated a net inflow of 6,503,284.01 CNY in Q3 2022, compared to a net outflow of -1,640,664.36 CNY in the same period last year[24] - The cash flow from financing activities resulted in a net outflow of -5,538,277.09 CNY in Q3 2022, an improvement from -75,264,595.69 CNY in Q3 2021, indicating a reduction in financing losses[24] - Cash and cash equivalents decreased to ¥179,889,737.81 from ¥207,910,125.62, a decline of 13.5%[19] - The company reported a total cash and cash equivalents balance of 73,705,962.94 CNY at the end of Q3 2022, compared to 25,694,944.17 CNY at the end of Q3 2021, showing an increase of approximately 187.5%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥361,737,701.82, reflecting a decrease of 30.07% from ¥517,305,210.80 at the end of the previous year[5] - The company's total assets decreased to ¥361,737,701.82, down 30.1% from ¥517,305,210.83[19] - The equity attributable to shareholders decreased by 45.55% to ¥28,870,977.59 from ¥53,027,225.23 at the end of the previous year[5] - Total current assets decreased to ¥251,088,794.85, down 37.1% from ¥400,002,333.66[19] - Total liabilities decreased to ¥332,866,724.23, a reduction of 28.3% from ¥464,277,985.60[19] - The company’s total liabilities decreased significantly, with accounts payable down 56.24% to CNY 23.20 million, influenced by reduced supplier payments in the silicone rubber business[12] Operating Costs and Expenses - Operating costs for the same period were CNY 275.51 million, down 23.78% from CNY 361.46 million, reflecting the decline in sales[13] - Total operating costs for Q3 2022 were ¥312,786,558.41, down from ¥426,847,664.63, reflecting a reduction of 26.7%[21] - Research and development expenses were CNY 11.59 million, down 48.49% from CNY 22.50 million, as subsidiaries ceased operations[13] - Research and development expenses for Q3 2022 were ¥11,590,937.26, down 48.6% from ¥22,502,455.17 in the previous year[21] Adjustments and Accounting - The company made adjustments to its financial statements due to accounting errors, impacting the reported sales expenses and operating costs[6] - The company has not identified any other non-recurring profit and loss items beyond those reported[8] - The company has not made any changes to its accounting policies that would affect the financial results reported[10] Market and Product Developments - The company did not report any new product launches or technological advancements during this quarter[25] - There were no significant market expansions or mergers and acquisitions reported in the third quarter of 2022[25]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥198,258,309.19, a decrease of 31.18% compared to the same period last year[20]. - The net profit attributable to shareholders was a loss of ¥18,262,965.53, an improvement of 81.32% from a loss of ¥97,754,513.16 in the previous year[20]. - The basic and diluted earnings per share improved to -¥0.0422, up 81.33% from -¥0.2260 in the previous year[20]. - The company's main business revenue for the reporting period was 198 million yuan, with a net profit attributable to the listed company of -18.26 million yuan[29]. - The company's operating revenue for the current period is ¥198,258,309.19, a decrease of 31.18% compared to ¥288,099,279.82 in the same period last year, primarily due to a 34.56% decline in sales volume from its subsidiary Dongguan New Oriental[36]. - The net loss for the first half of 2022 was CNY 18.26 million, compared to a net loss of CNY 97.75 million in the same period of 2021, indicating an improvement in financial performance[141]. - The total comprehensive income for the first half of 2022 was ¥27,969,900.55, compared to -¥4,632,653.33 in the same period of 2021[146]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥67,964,033.15, a significant increase of 181.69% compared to a negative cash flow of ¥83,195,741.05 in the same period last year[20]. - The company reported a significant increase in cash and cash equivalents, rising by 168.09% to ¥69,182,820.61 from -¥101,609,092.32[37]. - The total cash inflow from operating activities was 889,257.72 in the first half of 2022, down from 1,137,787.87 in the first half of 2021, indicating a decline in operational revenue[151]. - The cash flow from operating activities netted a loss of 4,867,500.23 in the first half of 2022, which is a 403.5% increase in losses compared to the previous year[151]. - Cash and cash equivalents at the end of the first half of 2022 amounted to ¥94,120,078.09, compared to ¥34,336,125.19 at the end of the first half of 2021[149]. Assets and Liabilities - Total assets at the end of the reporting period were ¥404,238,137.29, a decrease of 21.86% from ¥517,305,210.83 at the end of the previous year[20]. - The net assets attributable to shareholders decreased by 34.44% to ¥34,764,259.70 from ¥53,027,225.23 at the end of the previous year[20]. - Total liabilities were reported at CNY 293,485,147.69, with a notable reduction in short-term borrowings which were previously CNY 4,005,800.00[132]. - The total assets at the end of the reporting period include cash and cash equivalents amounting to ¥219,827,992.64, which represents 54.38% of total assets[41]. Market and Competition - The organic silicon sector's net profit was impacted by the market, resulting in a loss of 7.57 million yuan, prompting the company to focus on promoting higher-margin silicone oil products and new products like electronic potting adhesives and release agents[29]. - The company faces significant market competition risks due to macroeconomic pressures, including the US-China trade war and slowing economic growth, which may impact its market share[54]. - The company is exposed to product price fluctuation risks, particularly due to the volatility of raw material prices, which could adversely affect its operating performance[54]. Environmental and Safety Compliance - The company emphasizes its commitment to safety and environmental protection, implementing measures to manage risks associated with waste and emissions during production[54]. - The company has established 11 sets of pollution control measures at its production site, and all emissions are compliant with environmental regulations[64]. - The company faced an administrative penalty of CNY 100,000 due to violations of the Air Pollution Prevention and Control Law, specifically for evading environmental monitoring[71]. - The company has implemented corrective measures to address the environmental issues, including paying the fine and ensuring compliance with regulations[71]. Corporate Governance and Compliance - The company has not engaged in any securities or derivative investments during the reporting period[47][48]. - The company is actively monitoring the impact of the COVID-19 pandemic and other uncontrollable risks on its operations[55]. - The company faced an investigation by the China Securities Regulatory Commission for suspected information disclosure violations[91]. - The company plans to enhance the training of its directors and senior management on relevant laws and regulations to ensure accurate and timely information disclosure[91]. Research and Development - The company emphasizes technological innovation and has established a dedicated R&D team, achieving multiple patents to reduce production costs and enhance efficiency[31]. - Research and development expenses fell by 47.75% to ¥8,034,038.15, indicating a halt in R&D activities[36]. - The company’s product range includes over 230 types of high-temperature silicone rubber, catering to diverse customer needs across various industries[32]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - The total number of ordinary shareholders at the end of the reporting period was 33,551, indicating a stable shareholder base[119]. - Jiangsu Weilen Investment Management Co., Ltd. holds 29.07% of the shares, amounting to 125,735,743 shares, with some shares frozen[119]. Related Party Transactions - The company has a related party transaction with Jiangsu Mingzhu, involving a total of 4,828.82 million CNY in silicone rubber product sales[96]. - The company reported a total of 1,664.67 million CNY in receivables from Jiangsu Lightning Rubber Trading Co., Ltd. related to silicone rubber product sales[96]. - The company has no significant related party transactions during the reporting period[100].

Financial Performance - The company's revenue for Q1 2022 was ¥92,648,385.72, a decrease of 23.26% compared to ¥120,733,757.41 in the same period last year[2] - The net profit attributable to shareholders was a loss of ¥10,624,318.28, representing a decline of 117.98% from a loss of ¥4,873,940.08 in the previous year[2] - Total operating revenue for Q1 2022 was ¥92,648,385.72, a decrease of 23.3% compared to ¥120,733,757.41 in the same period last year[23] - Net loss for Q1 2022 was ¥10,624,318.28, compared to a net loss of ¥4,873,940.08 in Q1 2021, representing a year-on-year increase in loss of 117.5%[24] - Basic and diluted earnings per share for Q1 2022 were both -0.0246, compared to -0.0113 in the same period last year[25] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥61,003,680.16, a 182.00% increase from a negative cash flow of ¥74,392,207.60 in the same period last year[2] - Total cash inflow from operating activities is ¥188,077,869.51, while cash outflow is ¥127,074,189.35, resulting in a net cash flow of ¥61,003,680.16[28] - Cash and cash equivalents at the end of the period amount to ¥80,484,326.62, an increase from ¥57,708,757.05 in the previous period[29] - The company received ¥66,322,434.86 in other operating cash, a substantial increase from ¥6,398,699.80 in the previous period, suggesting improved operational efficiency[28] - The company’s total tax payments decreased to ¥2,476,801.99 from ¥10,124,814.23, reflecting a reduction in tax liabilities[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥504,706,938.02, down 2.44% from ¥517,305,210.83 at the end of the previous year[2] - Total liabilities for Q1 2022 were ¥462,304,031.07, slightly down from ¥464,277,985.60 in the previous period[21] - The equity attributable to shareholders decreased by 20.04% to ¥42,402,906.95 from ¥53,027,225.23 at the end of the previous year[2] - Accounts receivable decreased significantly to ¥5,552,348.34 from ¥48,719,526.30, indicating a reduction of about 88.6%[19] - The company’s inventory increased to ¥47,539,655.65 from ¥41,039,132.17, representing a growth of approximately 15.5%[19] Operational Efficiency - The company reported a significant increase in cash received from other activities, totaling ¥6,632,240.00, a 936.50% increase from ¥639,870.00 in the previous period[8] - The company paid ¥98,957,902.37 for goods and services in the current period, down from ¥196,876,373.85 in the previous period, reflecting a reduction in operational costs[28] - The cash outflow from investing activities is ¥2,204,056.35, compared to ¥1,033,750.00 in the previous period, indicating increased investment in fixed assets[28] Management and Governance - The company appointed a new CFO, Wang Yanjie, to oversee financial operations, aiming to enhance financial management and reporting[13] - The company is undergoing an investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which may impact future operations[12] - The company’s major shareholder, Jiangsu Weilen Investment Management Co., has had a portion of its shares frozen due to an investigation, affecting shareholder dynamics[12] Strategic Initiatives - A strategic cooperation agreement was signed with Inner Mongolia Hengxing Chemical Co., focusing on the supply of various silicone products over a three-year period[16] - The company plans to auction off remaining assets from its subsidiaries, with an estimated value of ¥1,304.45 million, but previous auctions have failed to attract bidders[17] - The company is actively pursuing tax refunds, having received a total of ¥40,159,239.20 in tax refunds from two subsidiaries, which will improve cash flow[14][15] Research and Development - Research and development expenses for Q1 2022 were ¥4,307,019.86, a decrease of 30.6% compared to ¥6,204,300.57 in the same period last year[23]

Financial Performance - The company's operating revenue for 2021 was ¥565,732,950.33, a decrease of 38.58% compared to ¥921,088,525.90 in 2020[18]. - The net profit attributable to shareholders in 2021 was -¥716,571,927.94, representing a decline of 1,522.94% from ¥52,695,783.90 in 2020[18]. - The cash flow from operating activities improved by 91.31%, reaching -¥29,211,624.19 in 2021 compared to -¥336,068,198 in 2020[18]. - The total assets at the end of 2021 were ¥517,305,210.83, a decrease of 54.87% from ¥1,135,832,515.29 at the end of 2020[18]. - The basic earnings per share for 2021 was -¥1.66, down 1,483.33% from ¥0.12 in 2020[18]. - The company reported a significant decline in net assets attributable to shareholders, which fell by 93.11% to ¥53,027,225.20 at the end of 2021[18]. - The company experienced a negative net profit for the last three accounting years, indicating ongoing financial challenges[21]. - The quarterly revenue for Q4 2021 was ¥159,514,858.41, with a net profit attributable to shareholders of -¥512,045,248.44[25]. - In 2021, the company achieved total revenue of CNY 565.73 million, a decrease of 38.58% compared to CNY 921.09 million in 2020[49]. - The company's net profit for 2021 was a loss of CNY 717 million, down from a net profit of CNY 50 million in 2020, representing a decrease of CNY 767 million[49]. Business Operations - The main business of the company remains high-temperature silicone rubber materials, with no impact on operations despite challenges faced by subsidiaries in the information communication sector[16]. - The traditional high-temperature silicone rubber business has continued normal operations, unaffected by the operational challenges faced by the information communication subsidiaries[16]. - The company has expanded its business through the establishment of wholly-owned subsidiaries and acquisitions since 2019, including Shanghai Hongzhu and Shanghai Guanfeng[16]. - The company plans to shut down subsidiaries Shanghai Guanfeng and Shanghai Hongzhu to mitigate losses[65]. - The company’s specialized communication business has been largely halted since the second half of 2021, with only minimal processing services retained, leading to significant losses[37]. - The company’s specialized communication business was severely impacted by the "special network communication" incident, resulting in operational stagnation and investigations by authorities[31]. - The company plans to continue a sales-driven production strategy to align raw material procurement with sales, aiming to mitigate risks associated with falling DMC raw material prices[32]. - The company operates under a "sales-driven production" model, organizing production based on internal orders and delivery timelines[39]. Risk Management - The company emphasizes the importance of risk awareness regarding macroeconomic risks and operational performance fluctuations[5]. - The company has faced risks related to raw material and product price fluctuations, as well as safety and environmental risks in its silicone rubber business[5]. - The company faces significant market competition risks due to macroeconomic factors, including the US-China trade war and slowing economic growth, which may lead to price volatility and impact profitability[95]. - The ongoing COVID-19 pandemic continues to pose risks to the company's normal business operations, despite efforts to maintain production and communication with suppliers and customers[97]. - The company has taken proactive measures to address potential risks from raw material price fluctuations, which significantly impact production costs[95]. Governance and Compliance - The company reported a non-standard audit opinion from Lianda Accounting Firm, indicating significant internal control deficiencies[5]. - The company has maintained a robust governance structure, holding four shareholder meetings and 16 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[101]. - The company has a dedicated investor relations team to manage information disclosure and maintain communication with investors, ensuring transparency and fairness[102]. - The company has established independent financial management systems, including separate accounting and banking arrangements, to prevent interference from the controlling shareholder[105]. - The company has committed to resolving any potential competition issues within 36 months following the completion of the equity changes, ensuring compliance with relevant laws and regulations[107]. - The company has implemented measures to strengthen compliance with the Company Law and Accounting Law, including training and internal audits[143]. - The company has established a complete corporate governance structure to ensure independent operation[182]. Research and Development - The company holds 8 utility model patents and 3 invention patents, showcasing its commitment to technological innovation and product development[45]. - The company plans to enhance its R&D efforts to adapt to customer needs and improve profitability[92]. - The company has allocated 50 million yuan for research and development in innovative technologies for 2022, focusing on sustainability[127]. - R&D investment as a percentage of operating income increased to 4.16% in 2021 from 2.83% in 2020[71]. - New product development projects are expected to generate approximately ¥150 million in future revenue[69]. Environmental Management - The company emphasizes safety and environmental protection in its operations, which involve the generation of waste products, and has implemented measures to mitigate associated risks[97]. - The company has implemented 11 pollution control measures at its Dongguan facility, with waste gas emissions meeting environmental control requirements[153]. - The company received a penalty from the Dongguan Ecological Environment Bureau for wastewater overflow in 2020, leading to a revision of its emergency response plan in November 2021[156]. - The company has established a comprehensive emergency response system to minimize the risks and impacts of environmental pollution incidents[156]. - The company has implemented measures to ensure compliance with environmental regulations, with no administrative penalties reported during the reporting period[163]. Future Outlook - In 2022, the company anticipates a decline in downstream demand, which may adversely affect production operations and gross margins[32]. - The company plans to expand its market presence and invest in new product development, although specific figures were not disclosed[116]. - The company has set a future outlook with a revenue target of 1.8 billion yuan for 2022, indicating a projected growth rate of 20%[173]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[175]. - The company plans to enhance its online sales channel, aiming for a 25% increase in e-commerce revenue by 2022[173]. Personnel and Management - The management team is described as young and dynamic, with a strong focus on innovation and competitive spirit, which is expected to drive future growth[48]. - The company has faced challenges with personnel turnover, which could impact operational stability[115]. - The total number of employees at the end of the reporting period was 291, with 273 receiving salaries[135]. - The company has established a comprehensive salary and welfare management system, focusing on core employees and key positions[137]. - The company has a training program aimed at enhancing the skills and management capabilities of its employees[138].

Financial Performance - The company's revenue for Q1 2022 was ¥92,648,385.72, a decrease of 23.26% compared to ¥120,733,757.41 in the same period last year[2] - The net profit attributable to shareholders was a loss of ¥10,624,318.28, representing a decline of 117.98% from a loss of ¥4,873,940.08 in the previous year[2] - Total operating revenue for Q1 2022 was ¥92,648,385.72, a decrease of 23.3% compared to ¥120,733,757.41 in the same period last year[23] - Total operating costs for Q1 2022 were ¥103,053,100.65, down 20.1% from ¥128,894,716.74 year-on-year[23] - The net loss for Q1 2022 was ¥10,624,318.28, compared to a net loss of ¥4,873,940.08 in Q1 2021, representing an increase in loss of 117.5%[24] - Basic and diluted earnings per share for Q1 2022 were both -¥0.0246, compared to -¥0.0113 in the previous year[25] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥61,003,680.16, a significant increase of 182.00% compared to a negative cash flow of ¥74,392,207.60 in the same period last year[2] - Total cash inflow from operating activities is ¥188,077,869.51, while cash outflow is ¥127,074,189.35, resulting in a net cash flow from operations of ¥61,003,680.16[28] - Cash and cash equivalents at the end of the period increased to ¥80,484,326.62 from ¥57,708,757.05 in the previous period, showing a positive change of approximately 39.4%[29] - The company paid ¥98,957,902.37 for goods and services in the current period, down from ¥196,876,373.85 in the previous period, reflecting a decrease of about 49.8%[28] - The cash outflow for investing activities was ¥2,204,056.35, compared to ¥1,033,750.00 in the previous period, indicating an increase of approximately 113.3%[28] - The net cash flow from investing activities is negative at -¥1,428,094.35, worsening from -¥1,019,509.64 in the previous period[28] - Cash inflow from financing activities totaled ¥44,330,001.00, while cash outflow was ¥4,028,516.67, resulting in a net cash flow of -¥4,028,516.67[28] - The company received ¥27,000,000.00 in borrowings during the current period, which is a significant source of cash inflow[28] - The company reported a decrease in tax payments from ¥10,124,814.23 to ¥2,476,801.99, a reduction of approximately 75.6%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥504,706,938.02, down 2.44% from ¥517,305,210.83 at the end of the previous year[2] - Total liabilities at the end of Q1 2022 were ¥462,304,031.07, slightly down from ¥464,277,985.60 in the previous period[21] - The equity attributable to shareholders decreased by 20.04% to ¥42,402,906.95 from ¥53,027,225.23 at the end of the previous year[2] - The company's total equity attributable to shareholders was ¥42,402,906.95, down from ¥53,027,225.23 in the previous period[21] Operational Highlights - The company reported a cash balance of ¥287,840,046.26 as of March 31, 2022, an increase from ¥207,910,125.62 at the beginning of the year, reflecting a growth of approximately 38.4%[19] - Accounts receivable decreased significantly to ¥5,552,348.34 from ¥48,719,526.30, indicating a reduction of about 88.6%[19] - The company’s inventory increased to ¥47,539,655.65 from ¥41,039,132.17, representing a growth of approximately 15.9%[19] - The company received government subsidies amounting to ¥415,311.59 during the reporting period[5] Management and Governance - The company appointed a new CFO, Wang Yanjie, on February 16, 2022, to oversee financial operations[13] - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[12] - The company’s major shareholder, Jiangsu Weilen Investment Management Co., had 28,325,124 shares frozen due to an investigation by the local disciplinary committee[12] Strategic Initiatives - The company is engaged in a strategic cooperation agreement for three years with Inner Mongolia Hengxing Chemical Co., focusing on the supply of various silicone products[16] - The company’s subsidiary, Dongguan New Oriental Technology Co., signed a strategic cooperation agreement with Inner Mongolia Hengxing Chemical Co. for the supply of silicone products[16] - The company plans to auction off remaining assets with an estimated value of ¥1,304.45 million, but the first two auctions failed to attract bidders[17] Research and Development - Research and development expenses for Q1 2022 were ¥4,307,019.86, a decrease of 30.6% from ¥6,204,300.57 in the same period last year[23] Audit and Compliance - The company did not conduct an audit for the first quarter report, indicating that the figures are unaudited[29]

Financial Performance - The company's revenue for Q3 2021 was ¥118,265,336.98, a decrease of 61.54% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥108,516,034.43, representing a decline of 546.09% year-on-year[3]. - The basic earnings per share were -¥0.250, down 546.47% from the previous year[3]. - The company's total operating revenue for the current period is CNY 406,218,091.92, a decrease of approximately 38.2% compared to CNY 657,783,564.48 in the previous period[26]. - The net profit for Q3 2021 was -204,526,679.50 CNY, compared to a net profit of 34,292,574.48 CNY in the same period last year, indicating a significant decline[27]. - Operating profit for Q3 2021 was -214,115,707.60 CNY, down from 46,084,436.40 CNY in Q3 2020[27]. - The company's net loss for the current period is CNY 934,129,715.66, compared to a net loss of CNY 729,603,036.16 in the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,024,499,559.33, a decrease of 9.80% from the end of the previous year[3]. - The total assets of the company decreased to CNY 1,024,499,559.33 from CNY 1,135,832,515.29, a decline of about 9.8%[24]. - The total liabilities increased to CNY 469,907,681.74 from CNY 376,713,958.20, reflecting an increase of approximately 24.7%[24]. - The company’s total equity attributable to shareholders decreased by 26.94% to ¥554,591,877.59[3]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of -¥33,345,013.29, a 90.02% improvement compared to the previous period[3]. - The company's cash and cash equivalents decreased by 232.01% to -¥11,025,030.00, largely due to the repayment of bank loans without renewal[9]. - The company's cash and cash equivalents decreased to CNY 123,274,285.36 from CNY 143,777,054.98, representing a decline of approximately 14.3%[22]. - Total cash and cash equivalents at the end of Q3 2021 were 25,694,944.17 CNY, down from 126,748,715.69 CNY at the end of Q3 2020[32]. - The company is experiencing tight liquidity due to the cessation of specialized network communication business and has not renewed bank loans, leading to a significant decrease in cash flow[15]. Operational Challenges - The company recorded a goodwill impairment loss of ¥165,970,000 due to the underperformance of its subsidiary Shanghai Guanfeng[7]. - The company faces significant risks in its specialized network communication business, including overdue accounts receivable of 12,116,000 RMB and potential credit impairment losses of 2,423,000 RMB[17]. - The specialized network communication business has led to a substantial decrease in revenue and profit, with inventory risks amounting to 38,832,980 RMB due to contract execution issues[15]. - The company has initiated legal actions against clients for breach of contract to recover economic losses and protect shareholder interests[16]. - The company is taking measures to mitigate risks associated with high-interest debt, including overdue financing of 5,995,660 RMB[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,018[12]. - The largest shareholder, Shanghai Hongzi Enterprise Development Co., Ltd., holds 20.27% of shares, totaling 87,660,000 shares, which are currently frozen[12]. - The controlling shareholder has changed to Jiangsu Weilen Investment Management Co., Ltd., which now holds 29.97% of the company's total share capital[20]. Future Outlook and Strategy - The company is actively taking measures to improve its operational and financial conditions, ensuring normal operations outside of the specialized network business[18]. - The company is focusing on consolidating existing industries and cultivating new profit growth points amidst the challenges faced in the specialized network communication sector[17]. - The company’s subsidiary, Dongguan New Oriental Technology Co., Ltd., reported a net profit of 564,600 RMB, indicating potential for continued operations in the silicone rubber market[17]. Research and Development - Research and development expenses increased to 22,502,455.17 CNY in Q3 2021, up from 18,293,956.59 CNY in Q3 2020, reflecting a growth of approximately 23.9%[27].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥288,099,279.82, a decrease of 17.75% compared to ¥350,291,597.62 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥97,754,513.16, representing a decline of 1,080.83% from a profit of ¥9,966,520.55 in the previous year[23]. - Basic and diluted earnings per share were both -¥0.2260, a decline of 1,082.61% from ¥0.023 in the same period last year[23]. - The total comprehensive income for the period was -97,754,513.16 CNY, compared to 9,966,520.55 CNY in the previous period[148]. - The company reported a significant increase in financial expenses, which rose to CNY 3,443,446.09 from CNY 69,839.28 in the previous year[146]. - The company experienced a decrease in comprehensive income totaling -2,404,019.78 yuan during the reporting period[173]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥83,195,741.05, a 68.14% increase compared to -¥261,150,903.69 in the same period last year[23]. - Cash and cash equivalents decreased by 6.05% to 69,288,659.8, accounting for 6.61% of total assets due to procurement payments[51]. - The net cash flow from operating activities for the first half of 2021 was -966,899.70 yuan, an improvement from -12,133,867.45 yuan in the same period of 2020[158]. - Cash inflow from operating activities totaled 1,137,787.87 yuan, compared to 112,143.11 yuan in the first half of 2020, indicating a significant increase[158]. - The company reported a net cash outflow from investing activities of -1,490,705.11 CNY, compared to a net inflow of 294,825,940.99 CNY in the previous year[156]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,047,751,324.97, down 7.75% from ¥1,135,832,515.29 at the end of the previous year[23]. - The company's total liabilities as of June 30, 2021, were CNY 99,478,008.87, down from CNY 109,438,496.49 at the end of 2020, indicating a reduction of 9.0%[144]. - Inventory increased by 12.26% to 423,998,950, making up 40.47% of total assets, attributed to unfulfilled contracts in the information security industry[51]. - The company's cash and cash equivalents were reported at CNY 69,288,659.87, down from CNY 143,777,054.98 at the end of 2020[137]. Business Segments and Operations - The main business segments include silicone rubber processing and sales, and specialized network communication equipment processing, assembly, and sales[31]. - The silicone rubber products have a temperature range of -60℃ to +250℃ and are used in various industries including aerospace, electronics, and medical devices[37]. - The PCBA business has expanded to include semiconductor chip testing boards and automotive electronics, enhancing collaboration with clients[33]. - Shanghai Hongzhu, a wholly-owned subsidiary, specializes in the development and production of dedicated wireless communication products[34]. Research and Development - Research and development expenses increased by 34.63% to ¥15,376,013.93, reflecting the company's commitment to enhancing its product offerings in the silicone rubber sector[43]. - The company has a strong R&D team and multiple patented technologies, focusing on innovation to maintain market competitiveness[36]. Risks and Challenges - The company is facing significant risks in its specialized network communication business, which may impact future performance[6]. - The management emphasizes the need for investors to recognize the risks associated with forward-looking statements in the report[6]. - The company has noted potential risks in the specialized network communication sector and has issued risk warnings accordingly[35]. - The company faces risks related to contract execution anomalies and overdue accounts receivable, with inventory related to these contracts amounting to approximately 25,124,000, accounting for 33.10% of the latest audited net assets[59]. Shareholder and Equity Information - The company has not distributed cash dividends or bonus shares for the half-year period[70]. - The company’s major shareholder, Shanghai Hongzi, transferred 34.44 million shares (7.96% of total shares) to Hangzhou Keli, making Keli the third largest shareholder[108]. - Shanghai Hongzi holds 87.66 million shares (20.27% of total shares), which will be subject to judicial auction, potentially leading to a change in the company's controlling shareholder[113]. - The company has committed to not reducing its shareholding in Hongda New Materials for 36 months from the date of share transfer, which was on November 2, 2018[78]. Compliance and Regulatory Matters - The company received a warning letter from the Shanghai Securities Regulatory Bureau for failing to disclose related party transactions in a timely manner[85]. - The company incurred a fine of 150,000 yuan for environmental violations related to equipment malfunctions[74]. - The company did not have any violations regarding external guarantees during the reporting period[80]. Future Outlook - The company is monitoring macroeconomic fluctuations that could impact its performance, particularly in the high-temperature rubber and specialized network communication sectors[62]. - The company plans to maintain its current strategies without major changes in the near future[166].

Revenue and Profitability - Revenue for Q1 2021 was CNY 120,733,757.41, representing a 25.80% increase compared to CNY 95,970,546.13 in the same period last year[8] - Net profit attributable to shareholders was CNY -4,873,940.08, a decrease of 59.80% from CNY -3,050,034.52 year-over-year[8] - Basic and diluted earnings per share were both CNY -0.0113, down 59.80% from CNY -0.0071 in the same period last year[8] - Operating revenue for Q1 2021 was ¥120.73 million, a 25.80% increase compared to Q1 2020, due to reduced pandemic impact[16] - Operating profit for Q1 2021 was a loss of CNY 5,204,377.36, compared to a loss of CNY 3,056,630.12 in the same period last year, reflecting a 70.4% increase in operating losses[41] - Total comprehensive income for Q1 2021 was a loss of CNY 4,873,940.08, compared to a loss of CNY 3,050,034.52 in Q1 2020, indicating a decline in overall financial health[42] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY -78,291,979.13, a 68.09% increase compared to CNY -245,350,181.79 in the previous year[8] - Cash inflow from operating activities increased by 10.82% to ¥149.24 million, driven by the recovery of sales payments[17] - Cash outflow from operating activities decreased by 40.13% to ¥227.53 million, due to prior year payments for material procurement[17] - The company reported a total cash outflow from operating activities of 227,531,803.83 CNY, compared to 380,024,778.16 CNY in the previous period[49] - The ending balance of cash and cash equivalents was 49,876,919.58 CNY, down from 60,041,264.36 CNY in the previous period[50] - The net increase in cash and cash equivalents was -86,068,297.93 CNY, contrasting with an increase of 16,810,881.38 CNY in the previous period[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,138,927,019.79, a slight increase of 0.27% from CNY 1,135,832,515.29 at the end of the previous year[8] - Current assets totaled ¥837,588,033.96 as of March 31, 2021, slightly up from ¥830,690,503.56 at the end of 2020[32] - Total liabilities amounted to ¥384,682,402.78, an increase from ¥376,713,958.20 at the end of 2020[33] - The company’s total equity attributable to shareholders was ¥754,244,617.01, down from ¥759,118,557.09 at the end of 2020[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,167[12] - The largest shareholder, Shanghai Hongzi Enterprise Development Co., Ltd., holds 28.23% of the shares, totaling 122,100,000 shares[12] Operational Performance - Operating costs increased by 27.84% to ¥111.17 million, reflecting the rise in operating revenue[16] - Total operating costs for Q1 2021 were CNY 128,894,716.74, an increase of 26.7% compared to CNY 101,662,616.62 in Q1 2020[40] - Financial expenses surged by 841.18% to ¥1.19 million due to increased borrowing interest[16] - Research and development expenses for Q1 2021 were CNY 6,204,300.57, slightly up from CNY 6,194,524.48 in Q1 2020, indicating continued investment in innovation[40] Government Support and Other Income - The company received government subsidies amounting to CNY 1,166,011.34 during the reporting period[9] - Other income rose by 737.64% to ¥1.17 million, attributed to government subsidies received by subsidiaries[16] - Other income for Q1 2021 was CNY 1,166,011.34, significantly higher than CNY 139,202.51 in Q1 2020, indicating improved ancillary revenue streams[40] Inventory and Receivables - Inventory rose by 27.27% to ¥407.84 million, impacted by delayed order implementation and revenue recognition[16] - Accounts receivable notes increased by 857.66% to ¥8.04 million as a result of increased sales receipts[16] - Accounts receivable decreased to ¥153,344,041.19 from ¥169,553,094.41, a reduction of 9.5%[31]

Financial Performance - The company's operating revenue for 2020 was ¥921,088,525.90, a decrease of 16.62% compared to ¥1,104,658,864.23 in 2019[16] - The net profit attributable to shareholders in 2020 was ¥52,695,783.95, representing a significant increase of 159.88% from a loss of ¥87,996,928.58 in 2019[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥45,816,155.29, an increase of 226.25% compared to a loss of ¥36,288,970.25 in 2019[16] - The basic earnings per share for 2020 was ¥0.1218, a recovery from a loss of ¥0.2035 per share in 2019, marking a 159.88% improvement[16] - The total assets at the end of 2020 were ¥1,135,832,515.29, an increase of 5.28% from ¥1,078,860,758.58 at the end of 2019[16] - The net cash flow from operating activities was -¥336,068,198.26 in 2020, worsening by 36.96% compared to -¥245,379,152.72 in 2019[16] - The weighted average return on net assets for 2020 was 7.19%, a significant improvement from -11.73% in 2019[16] - The company achieved a total of ¥6,879,628.66 in non-recurring gains, a recovery from a loss of ¥51,707,958.33 in the previous year[22] - The company reported a 232.57% increase in cash and cash equivalents, amounting to an increase of ¥100,550,000 due to the redemption of financial products[28] - The company’s net cash flow from operating activities was -336 million yuan, a decrease of 36.96% year-on-year[38] Revenue Breakdown - Total revenue for the year reached ¥920,087,525.90, with a quarterly breakdown of ¥95,970,546.13 in Q1, ¥254,321,051.49 in Q2, ¥307,491,966.86 in Q3, and ¥263,304,961.42 in Q4[20] - The revenue from organic silicon products was ¥430.49 million, accounting for 46.74% of total revenue, down 49.82% year-over-year[60] - The information security segment generated ¥490.60 million, representing 53.26% of total revenue, with a year-over-year increase of 98.86%[60] - Domestic sales accounted for 96.41% of total revenue at ¥888.05 million, while export sales were only 3.59% at ¥33.04 million, a decline of 64.50% from the previous year[60] Business Expansion and Strategy - The company has expanded its business into information communication through the establishment of subsidiaries and acquisitions since 2019[15] - The company expanded its specialized network communication business, which includes products like embedded multifunctional media security gateways and wireless intelligent self-organizing networks[27] - The company aims to extend its product offerings into high value-added deep processing products in the specialized network communication sector through strategic investments and enhanced R&D efforts[51] - The company is actively optimizing its existing silicone rubber business through internal restructuring to address the challenges posed by the competitive landscape[40] - The company plans to continue its steady development of silicone rubber business while exploring opportunities for market expansion and technological advancements[40] Inventory and Supply Chain - Inventory surged by 969.55%, with an increase of ¥290,490,000, attributed to a significant rise in orders for information communication equipment[29] - The production of silicone rubber involves a complex supply chain, with the majority of raw materials being sourced externally, highlighting the company's sensitivity to market price fluctuations[39] - The company has established stable relationships with major raw material suppliers and has implemented strict quality management systems, certified by ISO9001 and ISO14001[34] Research and Development - The company emphasizes technological innovation and has a professional R&D team with multiple patented technologies in silicone rubber production[30] - The company holds 8 utility model patents and 3 invention patents, indicating a strong focus on R&D and technological advancement in its product offerings[56] - Research and development expenses decreased by 31.05% to 26,043,499.76 yuan in 2020 from 37,770,428.45 yuan in 2019[74] Market Conditions and Risks - The company faces risks related to raw material price fluctuations and market competition in its existing silicone rubber business[4] - The domestic high-temperature silicone rubber industry is characterized by intense competition, with local companies primarily focusing on low-end products while foreign companies dominate the high-end market[40] - The company is exposed to potential policy risks if there are unfavorable changes in national guidance for the high-temperature rubber industry[112] - The company faces risks from macroeconomic fluctuations, which could negatively impact its performance in the high-temperature rubber and information communication industries[111] Compliance and Governance - The company commits to avoiding any actions that may harm the interests of the company and its minority shareholders during the control period[148] - The company has established measures to ensure that any commitments made will not result in losses to the company or its investors[141] - The company is committed to ensuring accurate, complete, and timely information disclosure to protect the interests of minority shareholders[199] Environmental and Social Responsibility - The company actively participated in social responsibility initiatives, including poverty alleviation efforts in Qinghai Province[191] - The company emphasized environmental protection and reduced emissions through continuous technological improvements[191] - The company has established a safety production leadership group to ensure compliance with safety regulations in its high-temperature silicone rubber business[192]