Financial Performance - The company's operating revenue for the first half of 2018 was ¥552,324,380.46, representing a 25.15% increase compared to ¥441,315,680.63 in the same period last year[18]. - The net profit attributable to shareholders was ¥14,077,906.50, a decrease of 6.99% from ¥15,135,126.80 in the previous year[18]. - The net cash flow from operating activities surged by 819.66% to ¥126,557,788.88, compared to ¥13,761,380.40 in the same period last year[18]. - Total assets at the end of the reporting period were ¥1,262,557,428.86, reflecting a 5.80% increase from ¥1,193,298,947.46 at the end of the previous year[18]. - The company's net assets attributable to shareholders decreased slightly by 0.22% to ¥792,033,113.27 from ¥793,819,086.89 at the end of the previous year[18]. - The basic earnings per share were ¥0.0326, down 6.86% from ¥0.0350 in the same period last year[18]. - The company achieved a revenue of CNY 552.32 million in the first half of 2018, representing a year-on-year increase of 25.15% due to rising product prices[32]. - Gross profit for the period was CNY 55.95 million, an increase of CNY 2.1 million compared to the same period last year, indicating a growth of 3.75%[32]. - The net profit attributable to shareholders was CNY 14.08 million, remaining stable compared to the previous year[32]. - The company reported a net loss of CNY 691,356,371.09, slightly improved from a loss of CNY 705,434,277.59 in the previous period[111]. - The total profit for the first half of 2018 was CNY 15,834,179.45, down from CNY 17,575,790.73 in the same period of 2017, a decline of 9.9%[118]. Cash Flow and Investments - The company has increased its prepayments to ensure the supply of DMC, with prepayments rising by ¥1,531 million to ¥5,224 million[27]. - The company has increased its investment in financial products to enhance returns, resulting in other current assets rising by ¥7,364 million to ¥65,368 million[27]. - Operating cash flow for the period was CNY 126.56 million, a significant increase of 819.66% compared to the previous year, attributed to increased financial product management[35]. - The net cash flow from investing activities was negative at CNY -88,116,235.61, an improvement from CNY -139,251,157.66 in the prior year, showing a reduction in losses by about 36.7%[127]. - Cash inflow from investing activities totaled CNY 1,929,655,954.16, compared to CNY 1,712,712,880.56, marking an increase of approximately 12.7%[127]. - The cash outflow from investing activities was CNY 2,017,772,189.77, which is an increase from CNY 1,851,964,038.22, representing a rise of about 9%[127]. - The total cash and cash equivalents at the end of the period were CNY 63,349,440.73, up from CNY 33,182,790.50, reflecting an increase of approximately 90.9%[127]. Operational Changes and Risks - The company plans to relocate its Yangzhong factory to Tianchang City by the end of 2019, with production ceasing on September 1, 2018, to minimize impact on customer supply[33]. - The company faces risks related to raw material price fluctuations and environmental safety, which investors should be aware of[4]. - The company faces risks related to the relocation of its Yangzhong production base, which is scheduled to be completed by the end of 2019, with the silicone rubber production line ceasing operations on September 1, 2018[58]. - The company plans to mitigate risks by ensuring the Tianchang base is operational by the end of 2019 and sourcing raw materials from multiple channels to maintain product supply[58]. - The company is currently facing challenges with fluctuating raw material prices, particularly DMC, which could impact profit margins[58]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total number of ordinary shareholders at the end of the reporting period was 47,590[92]. - Jiangsu Weilen Investment Management Co., Ltd. held 38.21% of the shares, amounting to 165,259,343 ordinary shares, with 60,000,000 shares pledged[92]. - The company's equity attributable to shareholders decreased slightly to CNY 792,033,113.27 from CNY 793,819,086.89, a decline of 0.2%[111]. - The total equity at the end of the current period is 31,196,821,322.00 CNY, indicating a decrease compared to the previous year[137]. Legal and Compliance Matters - The company is involved in a lawsuit with Jiangsu Honghua New Materials Co., Ltd. regarding a receivable amounting to 27,428,213.54 yuan, with a penalty of 3 million yuan for breach of contract[67]. - The company has reached a mediation agreement in the lawsuit, with the receivable aging over 5 years[67]. - The company has not encountered any bankruptcy restructuring matters during the reporting period[66]. - The company has not issued a standard audit report for the half-year financial report[65]. Accounting and Financial Reporting - The financial report for the first half of 2018 was not audited[106]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[151]. - The company has no significant factors affecting its ability to continue as a going concern within the next 12 months from the reporting date[152]. - The company uses Renminbi as its functional currency for accounting purposes[157]. - The company recognizes impairment losses for financial assets based on objective evidence of impairment, including significant financial difficulties of the issuer or debtor[173].

江苏宏达新材料股份有限公司 2018 年第一季度报告正文 证券代码：002211 证券简称：宏达新材 公告编号：2018-028 江苏宏达新材料股份有限公司 2018 年第一季度报告正文 1 江苏宏达新材料股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人何百祥、主管会计工作负责人孙红梅及会计机构负责人(会计主 管人员)孙红梅声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏宏达新材料股份有限公司 2018 年第一季度报告正文 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） | 252,389,515.47 | 207,700,410.07 | 21.52% | | 归属于上市公司股东的净利 ...

Financial Performance - The company's operating revenue for 2017 was CNY 945,030,111.48, representing a 38.40% increase compared to CNY 682,811,661.99 in 2016[17]. - The net profit attributable to shareholders for 2017 was CNY 20,426,851.78, an increase of 85.05% from CNY 11,038,713.21 in 2016[17]. - The basic earnings per share for 2017 was CNY 0.05, up 66.67% from CNY 0.03 in 2016[17]. - Gross profit for the period was CNY 117.69 million, up from CNY 93.03 million, reflecting an increase of CNY 24.66 million[30]. - The net profit attributable to the parent company was CNY 20.43 million, an increase of CNY 9.39 million compared to CNY 11.04 million in 2016[30]. - The company reported a significant increase in non-recurring gains and losses, totaling CNY 15,165,511.84 for 2017[22]. - The company reported a total of 57,425,000 CNY in entrusted financial management, with no overdue amounts[90]. - The total revenue for the year 2017 was 28,385 million, indicating a significant growth trajectory[92]. - The total comprehensive income attributable to the parent company was ¥20,426,851.78, compared to ¥11,038,713.21 in the previous period, marking an increase of 85.1%[175]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 55.62% to CNY 111,095,189.34 from CNY 250,309,286.71 in 2016[17]. - The company’s cash flow from operating activities was CNY 111.10 million, a decrease of CNY 13.92 million from CNY 250.31 million in 2016[30]. - The company reported a significant decrease in cash and cash equivalents to CNY 37,171,884.42 from CNY 159,942,463.55, indicating a significant reduction in liquidity[162]. - The company received cash inflows from operating activities totaling ¥551,159,514.74, down 22.9% from ¥714,909,746.97 in the previous period[179]. - The net cash flow from operating activities was ¥11,672,774.23, a decrease of 79.1% compared to ¥55,761,702.11 in the previous period[182]. - Cash inflow from operating activities totaled ¥76,104,851.48, down 83.1% from ¥449,527,580.75 in the prior period[182]. - Cash outflow from operating activities was ¥64,432,077.25, a reduction of 83.7% compared to ¥393,765,878.64 last year[182]. Assets and Liabilities - Total assets at the end of 2017 were CNY 1,193,298,947.46, an increase of 11.75% from CNY 1,067,790,501.39 at the end of 2016[17]. - The net assets attributable to shareholders increased by 2.43% to CNY 793,819,086.89 from CNY 774,991,587.43 in 2016[17]. - The company’s total liabilities increased, with notes payable rising by 6.42% to CNY 294,534,907.40, representing 24.68% of total assets, up from 18.26%[52]. - The company’s fixed assets decreased by 3.90% to CNY 166,653,246.61, accounting for 13.97% of total assets, down from 17.87%[52]. - The total liabilities were CNY 69,308,420.00, compared to CNY 50,696,970.33 in the previous year, showing an increase of 36.7%[168]. - The company's equity attributable to shareholders was CNY 793,819,086.89, up from CNY 774,991,587.43, reflecting a growth of 2.0%[168]. Operational Insights - Domestic sales accounted for 89.86% of total revenue, amounting to CNY 849.23 million, a 40.38% increase year-on-year[34]. - The company has a diverse product range with over 230 types of high-temperature silicone rubber, catering to various market needs[28]. - The inventory of mixed rubber decreased by 39.43%, indicating a supply-demand imbalance[38]. - The company maintains stable relationships with major raw material suppliers, ensuring a steady supply chain[28]. - The company plans to closely monitor material prices and enhance technology development to increase market share and profitability[30]. Risks and Challenges - The company faced risks including rising prices of key raw materials and environmental safety risks[4]. - The company is facing risks related to significant fluctuations in material prices, particularly for DMC, which has seen high prices due to industry consolidation[61]. - The proportion of raw materials in the cost structure increased due to a significant rise in raw material prices, while labor and manufacturing costs decreased[40]. Corporate Governance - The company did not experience any significant changes in its business, products, or services during the reporting period[42]. - The company has maintained its accounting firm, Jiangsu Gongzheng Tianye Accounting Firm, for 15 years, with an audit fee of CNY 550,000[74]. - The company has not engaged in any significant related party transactions during the reporting period[79]. - The independent directors attended all board meetings, with no objections raised against company matters during the reporting period[137]. - The audit committee convened 4 times to review financial reports, ensuring transparency and accountability[139]. Research and Development - Research and development investment increased by 40.39% to ¥30,031,630.93, which accounted for 3.18% of operating revenue[48]. - The number of R&D personnel decreased by 5.36% to 53, representing 10.56% of the total workforce[48]. - The company emphasizes employee training and development, combining internal and external training methods[128]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the fiscal year[66]. - The largest shareholder, Jiangsu Weilen Investment Management Co., Ltd., holds 38.21% of the shares, totaling 165,259,343 shares[109]. - The company reported no changes in its controlling shareholder during the reporting period[110]. - The actual controller of the company is Zhu Dehong, a domestic natural person, with no changes reported during the period[111].

Financial Performance - Operating revenue for the reporting period was ¥239,095,765.94, representing a growth of 40.04% year-on-year[8] - Net profit attributable to shareholders was ¥4,678,776.60, a significant increase of 186.85% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥1,026,567.01, up 139.15% year-on-year[8] - Basic earnings per share were ¥0.0108, reflecting an increase of 186.40% compared to the same period last year[8] - The company's operating revenue for the first three quarters of 2017 reached 680.41 million yuan, a 49.26% increase compared to 455.85 million yuan in the same period of 2016[17] - The net profit attributable to shareholders for 2017 is expected to be between 20 million and 25 million yuan, representing a growth of 80.00% to 120.00% compared to 11.04 million yuan in 2016[23] Assets and Cash Flow - Total assets at the end of the reporting period reached ¥1,134,011,680.86, an increase of 6.20% compared to the previous year[8] - The net cash flow from operating activities for the year-to-date was ¥63,769,066.83, down 65.92% compared to the previous year[8] - The company's cash and cash equivalents decreased by 86.79% to 21.13 million yuan as of September 30, 2017, due to increased investments in financial products[17] - The accounts receivable increased by 105.91% to 20.53 million yuan, indicating a higher volume of unutilized acceptance bills at the end of the period[17] - The company purchased financial institution wealth management products totaling 512.22 million yuan, with an investment income of 9.88 million yuan for the first three quarters[18] - The company has a balance of 150.08 million yuan in bond reverse repurchase products, which are secured by bonds held in custody[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 51,861[12] - The largest shareholder, Jiangsu Weilen Investment Management Co., Ltd., held 38.21% of the shares, amounting to 165,259,343 shares[12] Non-Recurring Items - Non-recurring gains and losses totaled ¥10,474,135.94 for the year-to-date[9] - The company reported a significant increase in tax refunds received, amounting to 176.58 thousand yuan, a 1193.53% increase compared to 13.65 thousand yuan in the previous year[17] Compliance and Governance - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[22] - The company has no violations regarding external guarantees during the reporting period[24] - No research, communication, or interview activities were conducted during the reporting period[26] - The company is identified as Jiangsu Hongda New Materials Co., Ltd.[27] Return on Assets - The weighted average return on net assets was 0.60%, a decrease of 1.31% compared to the previous year[8]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 441,315,680.63, representing a 54.78% increase compared to CNY 285,123,229.89 in the same period last year[18]. - The net profit attributable to shareholders was CNY 15,135,126.80, a significant turnaround from a loss of CNY 5,892,541.95, marking a 356.85% increase[18]. - The net profit after deducting non-recurring gains and losses reached CNY 8,313,200.45, compared to a loss of CNY 705,937.39, reflecting a 1,277.61% increase[18]. - The basic earnings per share improved to CNY 0.0350 from a loss of CNY 0.0136, an increase of 357.35%[18]. - Gross profit for the period was 53.86 million yuan, an increase of 1.75 million yuan compared to the same period last year[30]. - The company reported a net profit of between 15 million to 20 million yuan for the first three quarters of 2017, a turnaround from a net loss of 11.28 million yuan in the same period last year[49]. - The increase in profitability is attributed to a greater price increase in silicone rubber compared to the main product DMC, leading to improved gross margins[49]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,088,472,543.12, up 1.94% from CNY 1,067,790,501.39 at the end of the previous year[18]. - The net assets attributable to shareholders increased to CNY 790,126,714.23, a rise of 1.95% from CNY 774,991,587.43 at the end of the previous year[18]. - The company's total assets as of the end of the reporting period were CNY 915,133,942.45, an increase from CNY 867,577,109.60 at the beginning of the year[108]. - The total liabilities stood at CNY 91,057,870.40, which is an increase from CNY 50,696,970.33 at the start of the year[108]. - The equity attributable to shareholders of the parent company increased to CNY 824,076,072.05 from CNY 816,880,139.27, reflecting a slight growth in shareholder value[108]. Cash Flow - The net cash flow from operating activities was CNY 13,761,380.40, down 89.32% from CNY 128,834,643.13 in the same period last year[18]. - The company's operating cash flow decreased by 89.32% to 13.76 million yuan, primarily due to inventory replenishment[32]. - Cash and cash equivalents decreased significantly from CNY 159,942,463.55 to CNY 33,182,790.50, indicating a decline of about 79.2%[101]. - The cash and cash equivalents at the end of the period were CNY 33,182,790.50, down from CNY 57,280,421.05[120]. - The net cash flow from operating activities for the current period is ¥29,290,180.04, a decrease of 60.3% compared to ¥73,652,807.49 in the previous period[121]. Business Operations - The main business involves high-temperature silicone rubber materials, which are essential in various industries including automotive and electronics[26]. - The company achieved a revenue of 441.32 million yuan in the first half of 2017, representing a year-on-year increase of 54.78% due to rising product prices linked to raw material costs[30]. - The company reported a significant increase in sales of raw rubber, which rose by 329.86% year-on-year, contributing 18.76% to total revenue[34]. - Domestic sales accounted for 90.80% of total revenue, increasing by 60.53% compared to the previous year[34]. - The company maintained a stable relationship with major raw material suppliers and has a diverse customer base, reducing dependency on any single client[28]. Investment and Financing - The company utilized idle funds to purchase financial products, resulting in a decrease in cash and an increase in other current assets[27]. - Investment activities generated a cash outflow of 139.25 million yuan, reflecting increased purchases of financial products[33]. - The company has no significant equity or non-equity investments during the reporting period[41][44]. - The company has not made any significant non-public fundraising investments during the reporting period[43]. - The company pledged 100 million shares (23.12% of total shares) as collateral for a loan, which has since been released[75]. Corporate Governance - The half-year financial report was not audited[58]. - The company has not undergone any bankruptcy restructuring during the reporting period[59]. - There were no major penalties or rectifications during the reporting period[62]. - The company did not implement any employee incentive plans or stock ownership plans during the reporting period[63]. - The company has not been subject to any media scrutiny during the reporting period[61]. Legal and Compliance - The company reported a significant lawsuit involving Jiangsu Honghua, with a claim amount of 27,428,213.54 yuan and a penalty of 3 million yuan for breach of contract[60]. - There were no significant related party transactions reported during the period[64]. - The company has not entered into any major contracts or guarantees during the reporting period[72]. Future Outlook - The company plans to enhance management efficiency and leverage pricing advantages to improve profitability in the second half of the year[30]. - The company plans to maintain its market share and improve pricing power in response to raw material price fluctuations, particularly for DMC[50]. - The company is focusing on technological advancements to improve production efficiency and reduce costs[128]. - The company plans to enhance its market expansion strategies and invest in new product development in the upcoming quarters[128]. Accounting Policies - The financial report was approved by the board of directors on August 23, 2017, indicating a commitment to transparency and compliance with regulatory standards[138]. - The accounting policies followed by the company comply with the relevant enterprise accounting standards, ensuring accurate financial reporting[142]. - The company’s financial statements are prepared based on the accrual basis of accounting, reflecting the actual transactions and events that have occurred[139]. - The company recognizes investment income upon losing control of a subsidiary, calculated based on the fair value of remaining equity interests[152].

Financial Performance - The company's operating revenue for 2016 was approximately ¥682.81 million, representing a 1.72% increase compared to ¥671.24 million in 2015[18]. - The net profit attributable to shareholders was approximately ¥11.04 million, a significant turnaround from a loss of ¥60.65 million in 2015, marking an increase of 118.20%[18]. - The net cash flow from operating activities surged to approximately ¥250.31 million, a remarkable increase of 962.60% from ¥23.56 million in 2015[18]. - Basic earnings per share improved to ¥0.03, compared to a loss of ¥0.14 per share in the previous year, reflecting a 121.43% increase[18]. - The company reported a significant increase in net cash flow from operating activities, reaching CNY 250.31 million, up 962.60% from CNY 23.56 million in 2015[32]. - The company reported a net profit of CNY 11,824,530.49, with significant adjustments made for asset impairment and depreciation[53]. - The company reported a net loss of CNY 60,652,889.59 in 2015, with no dividends distributed that year[71]. - The company reported a significant increase in the price of DMC, a key raw material, which rose over 70% compared to July 2016, impacting the pricing of silicone rubber products[66]. - The company reported a significant increase in cash and cash equivalents, reaching ¥159,942,463.55 at the end of 2016, compared to ¥22,546,249.52 at the beginning of the year, indicating a growth of approximately 610%[166]. Assets and Liabilities - Total assets at the end of 2016 were approximately ¥1.07 billion, up 3.28% from ¥1.03 billion at the end of 2015[18]. - The net assets attributable to shareholders increased to approximately ¥774.99 million, a 1.40% rise from ¥764.30 million in 2015[18]. - The company's total assets increased, with cash and cash equivalents at CNY 159.94 million, an increase of CNY 137.39 million from the beginning of the year[28]. - Total liabilities amounted to CNY 263,875,587.54, compared to CNY 241,454,661.01, representing an increase of approximately 9.3%[168]. - The company's equity attributable to shareholders rose to CNY 774,991,587.43 from CNY 764,302,126.34, a growth of about 1.1%[169]. - The total owner's equity at the end of the period was CNY 1,037,883,061.00, with a decrease of CNY 60,323,877.27 compared to the previous year[194]. Sales and Revenue - The company experienced a quarterly revenue increase, with Q4 2016 revenue reaching approximately ¥226.96 million, the highest for the year[22]. - The company's main business is high-temperature silicone rubber materials, with a significant increase in sales volume and price in Q4 2016 due to supply shortages, leading to improved profits[27]. - The company's domestic sales accounted for 90.12% of total revenue, while export sales decreased by 3.32% to CNY 77.88 million[38]. - The company's total revenue for the organic silicon segment was approximately ¥678.72 million, with a year-on-year increase of 1.11%[39]. - The sales volume of raw rubber increased significantly by 165.94% year-on-year, reaching 7,288 tons[40]. - Domestic sales accounted for ¥604.93 million, with a growth of 2.41% year-on-year, while export sales decreased by 3.32% to ¥77.88 million[39]. Investments and Cash Flow - The company’s financial investments yielded a return of CNY 52.81 million during the reporting period[29]. - The total cash inflow from investment activities was CNY 250,281,404.22, compared to CNY 192,175,109.69 in the previous period[185]. - The net cash flow from investment activities turned negative at CNY -81,849,632.31, a decline from CNY 188,197,331.51[185]. - The company recorded a cash inflow of CNY 222,867,750.00 from recovering investments, up from CNY 126,033,803.00[188]. - The company has entrusted 1,000 million yuan in wealth management products with fixed interest rates, with expected returns of 15 million yuan[100]. Research and Development - Research and development investment amounted to ¥22.39 million, representing 3.28% of total revenue, an increase from 3.13% in the previous year[49]. Governance and Compliance - The company has maintained independence from its controlling shareholder in business operations, personnel, assets, and financial matters, ensuring no competition or fund misuse[143]. - The company established a robust internal control and management system, with independent operations of the shareholders' meeting, board of directors, and supervisory board[144]. - The audit opinion for the financial statements was a standard unqualified opinion, confirming fair representation of the company's financial status as of December 31, 2016[163]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[75]. - The company has not encountered any situations that could lead to suspension or termination of its listing after the annual report disclosure[80]. Employee and Management - The total number of employees in the company is 519, with 259 in the parent company and 260 in major subsidiaries[135]. - The professional composition includes 304 production personnel, 79 sales personnel, 56 technical personnel, 47 financial personnel, and 33 administrative personnel[135]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 998,000 RMB[134]. - The company implemented a compensation management system to enhance employee satisfaction and align salaries with performance, conducting regular assessments and providing performance bonuses[137]. - The company emphasizes employee training, combining internal and external training to improve team quality and achieve business goals[138]. Legal and Regulatory Issues - The company faced a final judgment requiring it to pay a penalty of 5 million yuan and litigation costs of 95,700 yuan, which will reduce this year's profit by 5,095,700 yuan[81]. - The actual controller of the company, Zhu Dehong, was fined a total of 3.6 million yuan for insider trading and market manipulation[83]. - The company has not engaged in any significant mergers or acquisitions during the reporting period[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 63,671, an increase from 56,669 at the end of the previous month[116]. - Jiangsu Weilen Investment Management Co., Ltd. holds 38.21% of the shares, totaling 165,259,343 shares, with no pledged shares reported[116]. - The company has not issued any new shares excluding preferred shares during the reporting period[115].

Financial Performance - The company's operating revenue for Q1 2017 was ¥207,700,410.07, representing a 61.69% increase compared to ¥128,453,739.47 in the same period last year[8] - Net profit attributable to shareholders was ¥10,514,163.69, a significant turnaround from a loss of ¥3,164,515.44, marking a 432.25% increase[8] - The net profit after deducting non-recurring gains and losses was ¥7,879,982.93, compared to a loss of ¥1,996,328.38, reflecting a 494.72% improvement[8] - Basic earnings per share increased to ¥0.0243 from a loss of ¥0.0073, representing a 432.88% rise[8] - The company reported a net cash flow from operating activities of -¥3,310,016.41, a decline of 104.52% compared to ¥73,263,110.54 in the same period last year[8] - The company's net profit for the first half of 2017 is expected to turn from a loss of ¥5.89 million in the same period last year to a profit between ¥10 million and ¥20 million[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,135,490,264.42, up 6.34% from ¥1,067,790,501.39 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥785,505,751.12, a 1.36% rise from ¥774,991,587.43 at the end of the previous year[8] - The company's cash and cash equivalents decreased by 56.13% to ¥70.17 million from ¥159.94 million due to investments in financial products[16] - The company's inventory rose by 46.72% to ¥98.63 million from ¥67.22 million, indicating increased stockpiling[16] - The company’s accounts receivable increased by 36.55% to ¥13.61 million from ¥9.97 million, indicating more bank acceptance bills not yet used[16] - The company’s prepayments increased by 49.88% to ¥60.47 million from ¥40.35 million, primarily due to increased advance payments for key materials[16] Income and Subsidies - The company received government subsidies amounting to ¥777,000.00 during the reporting period[9] - The company received other income of ¥1.05 million in Q1 2017, a substantial increase of 23521.87% from ¥0.0044 million, mainly due to government subsidies[16] - Investment income increased significantly by 1516.07% to ¥2.46 million from a loss of ¥0.17 million, attributed to higher returns from financial products[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 56,669[12] Return on Equity - The weighted average return on equity was 1.35%, an increase of 1.76% from -0.41% in the previous year[8] - The company’s minority interest profit increased by 827.67% to ¥1.93 million from ¥0.21 million, reflecting improved profitability[16]

Financial Performance - The company's operating revenue for 2016 was CNY 682,811,661.99, an increase of 1.72% compared to CNY 671,242,037.84 in 2015[18]. - The net profit attributable to shareholders of the listed company was CNY 11,038,713.21, a significant turnaround from a loss of CNY 60,652,889.59 in 2015, representing an increase of 118.20%[18]. - The net cash flow from operating activities reached CNY 250,309,286.71, a remarkable increase of 962.60% compared to CNY 23,556,231.65 in 2015[18]. - The basic earnings per share improved to CNY 0.03 from a loss of CNY 0.14 in the previous year, marking a 121.43% increase[18]. - The gross profit margin for the main business increased to 13.10% in 2016 from 12.04% in the previous year, reflecting a 1.06 percentage point improvement[33]. - The company reported a net profit of CNY 11,824,530.49, with significant adjustments made for asset impairment and depreciation[53]. - The net profit for 2016 was CNY 11.82 million, with a significant recovery from an operating loss of CNY 65.18 million in the previous year[176]. Cash Flow and Liquidity - The net cash flow from operating activities surged by 962.60% to approximately ¥250.31 million, compared to ¥23.56 million in the previous year[50]. - The company’s cash and cash equivalents increased to CNY 159.94 million at the end of the period, up CNY 137.39 million from the beginning of the year[28]. - Cash and cash equivalents increased by 1,293.40% to CNY 143,337,954.12, indicating improved liquidity[51]. - The total cash and cash equivalents at the end of the period increased to CNY 159,165,203.64 from CNY 15,827,249.52[185]. Assets and Liabilities - Total assets at the end of 2016 were CNY 1,067,790,501.39, reflecting a growth of 3.28% from CNY 1,033,894,296.49 at the end of 2015[18]. - Total liabilities amounted to CNY 263,875,587.54, up from CNY 241,454,661.01, representing an increase of approximately 9.2%[168]. - Owner's equity reached CNY 803,914,913.85, compared to CNY 792,439,635.48, showing a growth of around 1.8%[169]. Operational Highlights - The company experienced a quarterly revenue increase, with Q4 2016 revenue reaching CNY 226,959,701.72, the highest for the year[22]. - The company's main business is high-temperature silicone rubber materials, with a significant increase in sales volume and price in Q4 2016 due to supply shortages, leading to improved profits[27]. - The sales volume of raw rubber increased significantly by 165.94% year-on-year, reaching 7,288 tons[40]. - The company reported a significant non-operating income of CNY 16,051,100.00 from government subsidies, compared to CNY 8,584,000.00 in 2015[23]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The company did not distribute any cash dividends in 2016 due to a lack of distributable profits, continuing a trend from 2014 and 2015[70]. - The total number of ordinary shareholders at the end of the reporting period was 63,671, an increase from 56,669 at the end of the previous month[116]. Legal and Regulatory Matters - The company faced potential changes in control due to a lawsuit against its major shareholder, which could affect the ownership structure[4]. - The actual controller, Zhu Dehong, was fined a total of 3,600,000 CNY for insider trading and market manipulation activities[83]. - The company faced a lawsuit regarding a sales contract dispute with a total claim amount of 3,000,000 CNY, which has been executed and will reduce this year's profit by 5,095,700 CNY[81]. Corporate Governance and Management - The company has maintained the same accounting policies and estimates without any changes during the reporting period[76]. - The current auditor, Jiangsu Gongzheng Tianye Accounting Firm, has been engaged for 15 consecutive years, with an audit fee of 550,000 RMB[79]. - The company has a complete and independent business structure, not relying on the controlling shareholder for operations[143]. - The company has established performance evaluation standards and incentive mechanisms for senior management, linking work performance directly to income[151]. Research and Development - Research and development investment amounted to approximately ¥22.39 million, representing 3.28% of operating revenue, an increase from 3.13% the previous year[49]. Employee Information - The total number of employees in the company is 519, with 259 in the parent company and 260 in major subsidiaries[135]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 998,000 RMB[134]. - The company has a robust training program combining internal and external training to enhance team quality and achieve business goals[138].

江苏宏达新材料股份有限公司 2016 年第三季度报告正文 证券代码：002211 证券简称：宏达新材 公告编号：2016-101 江苏宏达新材料股份有限公司 2016 年第三季度报告正文 1 江苏宏达新材料股份有限公司 2016 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人何百祥、主管会计工作负责人孙红梅及会计机构负责人(会计主 管人员)孙红梅声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏宏达新材料股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -3,370,032.10 | 主要是江苏利洪设备合同转让 | | | | 损失 | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助 ...

Financial Performance - The company's operating revenue for the first half of 2016 was ¥285,123,229.89, a decrease of 15.63% compared to ¥337,932,369.95 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of ¥5,892,541.95, an improvement of 76.91% from a loss of ¥25,515,828.67 in the previous year[21]. - The net cash flow from operating activities increased by 197.61% to ¥128,834,643.13, compared to ¥43,289,289.16 in the same period last year[21]. - The company's total assets decreased by 4.96% to ¥982,569,815.08 from ¥1,033,894,296.49 at the end of the previous year[21]. - The gross profit margin slightly increased by 1.34% despite a decrease in sales volume and prices due to a corresponding drop in raw material costs[30]. - The company's main business revenue from the organic silicon industry decreased by 14.55%, with sales volume down by 9.39% and prices down by 5.16%[31]. - The basic earnings per share improved to -0.0136 from -0.0590 in the previous year, reflecting a 76.95% reduction in losses[21]. - The weighted average return on net assets improved to -0.77% from -3.14% in the previous year, indicating a positive trend in financial performance[21]. - Revenue for the current period was $285.12 million, a decrease of 15.63% compared to the same period last year[32]. - Operating costs decreased by 17.03% to $248.77 million, contributing to improved margins[32]. - Sales expenses fell by 23.39% to $10.94 million due to reduced operational activities[32]. - Management expenses increased by 10.58% to $41.73 million, indicating higher administrative costs[32]. - Research and development investment decreased by 18.73% to $8.44 million, reflecting a reduction in innovation spending[32]. - Cash flow from operating activities surged by 197.61% to $128.83 million, driven by an increase in accounts payable[32]. - Cash and cash equivalents increased by 33.60% to $41.45 million, indicating improved liquidity[33]. Asset Management - The company completed the transfer of a 30% stake in Beijing Urban Light Landscape Engineering Co., Ltd. to Jiangsu Weilen Investment Management Co., Ltd. in June 2016[30]. - The company is undergoing a major asset restructuring project with Yongle Film, which was approved by the shareholders' meeting on July 11, 2016, but the submission of materials to the CSRC is still pending[30]. - The company reported a significant asset impairment loss and a decrease in financial expenses, which contributed to the expected loss in net profit[54]. - The company sold a 29.82% stake in a subsidiary for a transaction price of 8 million yuan, which is expected to contribute approximately 50 million yuan to the annual profit for 2016[67]. - The company reported a loss of 755,500 yuan from the transfer of certain assets, with a market value of 383.62 million yuan[68]. - The company reported a total of 25,000 in entrusted financial management, with an expected return rate of 3.1% for certain products[45]. - The company has invested in various financial products, including guaranteed principal products with a return rate of 2.85% and non-guaranteed floating income products with a risk level of medium-low[44]. - The company has a total of 5,300 in a guaranteed principal product with a return rate ranging from 1.7% to 2.9%[44]. - The company has a total of 1,200 in a guaranteed principal product with a return rate of 3.1%[44]. - The company has a total of 3,000 in a guaranteed principal product with a return rate of 14.25%[44]. - The company has a total of 2,700 in a non-guaranteed floating income product with a low risk level, which can be redeemed at any time[45]. - The company has a total of 500 in a low-risk non-guaranteed floating income product, which can also be redeemed at any time[45]. Legal and Regulatory Matters - The company faced a legal dispute with a supplier, resulting in a court ruling that required the company to pay a penalty of 5 million yuan, which will reduce the current year's profit[62]. - The company was investigated by the China Securities Regulatory Commission in 2015, but the case was closed in April 2016 with no wrongdoing found[61]. - The company has committed to not planning any major asset restructuring for at least 12 months following the announcement of the investigation by the China Securities Regulatory Commission[88]. - The company’s major shareholder, Jiangsu Weilen Investment Management Co., Ltd., has had its shares frozen pending an investigation by the China Securities Regulatory Commission[89]. - The company has not faced any penalties or rectification measures during the reporting period[91]. Shareholder and Equity Information - As of the report date, the total number of shares is 432,475,700, with 61.64% being unrestricted shares and 38.36% being restricted shares[96]. - The total number of common shareholders at the end of the reporting period is 34,719[98]. - The largest shareholder, Jiangsu Weilen Investment Management Co., holds 165,259,300 shares, representing 38.21% of total shares[99]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[101]. - There were no significant changes in the shareholding of directors, supervisors, and senior management during the reporting period[106]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[100]. - The company has not issued any corporate bonds that are due or unable to be fully redeemed as of the report date[93]. - The company has not reported any new product launches or technological advancements during this period[138]. Financial Reporting and Governance - The half-year financial report has not been audited[90]. - The financial report was approved by the company's board on August 25, 2016, indicating a structured governance process[149]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect true and complete financial conditions[155]. - The company has a continuous operating assumption, with no significant factors affecting its ability to continue operations within the next 12 months[153]. - The company maintains a normal operating cycle of 12 months, aligning with standard industry practices[157]. - The company has multiple subsidiaries, including Dongguan New Oriental Technology Co., Ltd. and Jiangsu Mingzhu Silicone Rubber Materials Co., Ltd., which are fully consolidated in the financial statements[149]. Investment and Strategic Initiatives - The company has not engaged in any significant non-fundraising investment projects during the reporting period[53]. - The company plans to focus on market expansion strategies in the upcoming quarters[138]. - The earnings guidance for the next quarter remains cautious due to market conditions[138]. - The company has maintained its capital structure with no new equity financing reported[137]. Accounting Policies and Practices - The company uses RMB as its functional currency for accounting purposes[158]. - The company has established clear accounting policies for mergers and acquisitions, differentiating between same-control and non-same-control mergers[162]. - The company ensures that all significant intercompany transactions and balances are eliminated in the consolidated financial statements[165]. - The company recognizes long-term equity investments based on different acquisition methods, including cash payments and equity securities issuance[188]. - The company applies the equity method for long-term equity investments where it has significant influence, adjusting the investment's book value based on the investee's net profit and other comprehensive income[192]. - The company assesses the carrying value of financial assets for impairment and recognizes impairment losses when objective evidence indicates a decline in value[178]. - The company employs a perpetual inventory system and values raw materials at actual cost using the FIFO method[184].