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].

Financial Performance - The company's operating revenue for 2015 was approximately ¥671.24 million, a decrease of 13.25% compared to ¥773.79 million in 2014[17]. - The net profit attributable to shareholders was a loss of approximately ¥60.65 million, representing a decline of 587.54% from a profit of ¥12.44 million in 2014[17]. - The net cash flow from operating activities decreased by 71.72% to approximately ¥23.56 million, down from ¥83.30 million in 2014[17]. - Total assets at the end of 2015 were approximately ¥1.03 billion, an 18.26% decrease from ¥1.26 billion at the end of 2014[17]. - The company's net assets attributable to shareholders decreased by 7.38% to approximately ¥764.30 million from ¥825.24 million in 2014[17]. - The basic earnings per share for 2015 was -¥0.14, a decrease of 566.67% from ¥0.03 in 2014[17]. - The weighted average return on equity was -7.63%, down from 1.52% in 2014, indicating a significant decline in profitability[17]. - The gross profit margin for the main business was 12.04%, slightly down from 12.46% in the previous year[32]. - The company reported a net profit attributable to ordinary shareholders of -60,652,889.59 CNY for 2015, with no cash dividends distributed in the last three years[70]. Cash Flow and Liquidity - The net cash flow from operating activities dropped by 71.72% to ¥23,556,231.65[51]. - The net increase in cash and cash equivalents was a decrease of 93.15% to -¥12,010,937.77[51]. - Cash and cash equivalents decreased from 33,840,358.96 CNY in 2014 to 22,546,249.52 CNY in 2015, a reduction of 10.08%[55]. - The total cash and cash equivalents at the end of the period was 1,169,097.32 CNY, down from 4,480,377.83 CNY at the beginning of the period, indicating a decrease of approximately 74%[185]. - The total cash outflow from operating activities was 402,054,131.72 CNY, slightly lower than 450,733,171.86 CNY in the previous period, reflecting a decrease of about 11%[184]. Asset Management and Restructuring - A major asset restructuring is in progress, with a proposal expected to be disclosed by May 11, 2016, which could significantly change the company's business structure[4]. - The company is undergoing a major asset restructuring project, which could significantly change its core competitiveness if successful[29]. - The company has identified risks associated with the major asset restructuring, including potential disagreements among parties and government approval challenges[65]. - 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[72]. Sales and Market Performance - Domestic sales accounted for 87.11% of total revenue, amounting to CNY 584.73 million, down 14.32% from the previous year[37]. - Direct exports contributed CNY 71.43 million, a decrease of 8.90% compared to CNY 78.40 million in 2014[37]. - The sales volume of mixed rubber decreased by 10.35% to 42,719 tons in 2015 from 47,652 tons in 2014[40]. - The production volume decreased by 9.37% to 42,324 tons compared to the previous year[41]. - The inventory level decreased by 16.31% to 2,024 tons[41]. Investments and Subsidiaries - The company transferred a 30% stake in Beijing Urban Light Garden Engineering Co., Ltd. for CNY 334.93 million, receiving CNY 123.68 million by the end of 2015[32]. - Major subsidiaries include Dongguan New Oriental Technology Co., which has a registered capital of 80 million yuan and reported a net profit of 3,580,328.47 yuan[64]. - Jiangsu Lihong Silicon Material Co., a subsidiary, reported a net loss of 29,247,528 yuan, indicating challenges in its operations[64]. - The company has received a total of 2 billion yuan from equity transfers, optimizing its financial situation[61]. Corporate Governance and Compliance - The company has engaged Jiangsu Gongzheng Tianye Accounting Firm for auditing services, with a fee of 550,000 CNY, and has also hired Dongfang Huoqi Securities Co., Ltd. as a financial advisor for 2 million CNY due to significant asset disposal[79]. - The company has not faced any major litigation or arbitration matters during the reporting period[80]. - The company has not experienced any significant accounting errors requiring retrospective restatement during the reporting period[76]. - The company maintains complete independence from its controlling shareholder in business operations, personnel, assets, and financial matters[143]. Employee and Management - The total number of employees in the company is 581, with 284 in the parent company and 297 in major subsidiaries[134]. - The company has implemented a salary management system to enhance employee satisfaction and adjust salaries based on performance evaluations[135]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 135.62 million yuan[134]. - The company emphasizes employee training and development through a combination of internal and external training programs[137]. Financial Position and Equity - The company's total equity decreased to CNY 792,439,635.48 from CNY 852,763,512.75, a reduction of about 7%[167]. - The total amount of other equity instruments was CNY 1,037,879,266.13, reflecting the company's capital structure[193]. - The company reported a total of CNY 28,894,524.03 in special reserves, which remained stable compared to the previous year[191]. - The total registered capital of Jiangsu Hongda New Materials Co., Ltd. increased to RMB 432,475,779 as of the end of the reporting period[198]. Strategic Focus and Future Plans - The company plans to continue focusing on high-temperature silicone rubber as its core business, with no significant changes expected in 2016[65]. - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the new materials sector[168]. - The company has committed to environmental protection, reducing emissions through continuous technological improvements[106].

Financial Performance - The company's operating revenue for Q1 2016 was ¥128,453,739.47, a decrease of 15.39% compared to ¥151,811,108.69 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥3,164,515.44, representing a decline of 348.68% from a profit of ¥1,272,538.08 in the previous year[8] - The basic and diluted earnings per share were both -¥0.0073, a decline of 351.72% from ¥0.0029 in the same period last year[8] - The weighted average return on net assets was -0.41%, down from 0.15% in the previous year[8] - The company reported a net profit forecast for the first half of 2016 to be between -500 and 0 million yuan, compared to a net loss of 2,551.58 million yuan in the same period of 2015[19] Cash Flow and Assets - The net cash flow from operating activities increased by 94.18% to ¥73,263,110.54, up from ¥37,728,981.41 in the same period last year[8] - The total assets at the end of the reporting period were ¥1,123,712,712.55, an increase of 8.69% from ¥1,033,894,296.49 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 0.41% to ¥761,137,610.90 from ¥764,302,126.34 at the end of the previous year[8] - The company's cash and cash equivalents increased by 48.53% to 33,489.0 million yuan due to an increase in bank acceptance bill margin[16] - Other current assets surged by 1,065.19% to 123,757.5 million yuan, attributed to the purchase of financial products[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,065[11] - The largest shareholder, Jiangsu Weilen Investment Management Co., Ltd., held 38.21% of the shares, amounting to 165,259,343 shares, with 20,000,000 shares pledged[11] Financial Activities - The company reported non-operating income and expenses totaling -¥1,168,187.06 for the period[9] - Financial expenses decreased by 107.57% to -26.69 million yuan as the company repaid all loans, resulting in lower interest expenses[16] - The company received 7,670.34 million yuan from the transfer of equity in Beijing City Light, marking a 7,570.34% increase compared to the previous period[16] - The company reported a significant increase in other payables, which rose to 202,996.3 million yuan, primarily due to payments related to the equity transfer[16] - The company expects to have no interest expenses in the current period due to the repayment of all loans and the generation of interest income from financial products[19] Corporate Governance - The company has committed to not planning any major asset restructuring for at least 12 months following the announcement of the investigation into its actual controller[17] - The company did not engage in any research, communication, or interview activities during the reporting period[22] - The company did not incur any non-operating guarantees during the reporting period[20]

Financial Performance - Total assets at the end of the reporting period were CNY 1,156,341,301.60, a decrease of 8.58% compared to the end of the previous year[7]. - Net assets attributable to shareholders of the listed company were CNY 788,889,740.13, down 4.40% from the previous year[7]. - Operating revenue for the reporting period was CNY 164,641,511.03, representing a decline of 11.99% year-on-year[7]. - Net profit attributable to shareholders of the listed company was a loss of CNY 10,832,889.91, a decrease of 402.65% compared to the same period last year[7]. - Basic earnings per share were CNY -0.0250, reflecting a decline of 401.20% year-on-year[7]. - The net cash flow from operating activities for the year-to-date was CNY 63,865,977.52, down 39.51% compared to the previous year[7]. - The weighted average return on net assets was -1.32%, a decrease of 1.75% from the previous year[7]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,898[11]. - Jiangsu Weilen Investment Management Co., Ltd. held 38.21% of the shares, with 165,259,343 shares pledged[11]. Asset and Liability Management - Cash and cash equivalents increased by 128.57% to 7,734.83 million due to operational cash recovery[15]. - Accounts receivable decreased by 59.52% to 1,056.57 million as payment was made using notes receivable[15]. - Prepayments decreased by 58.09% to 1,983.68 million due to the arrival of purchased goods[15]. - Short-term borrowings decreased by 52.56% to 7,500.00 million as loans were repaid[15]. - Revenue from the sale of assets held for sale reached 32,298.00 million, marking a 100% increase due to the transfer of assets[15]. Expense Management - Operating tax and additional charges decreased by 30.78% to 87.88 million, reflecting a reduction in corresponding tax expenses[17]. - Financial expenses decreased by 63.01% to 496.92 million due to a reduction in loans[17]. - Investment income improved by 43.99% to -32.98 million compared to the previous period, as last year included losses from equity transfers[17]. - Cash received from investment reached 12,717.38 million, a significant increase of 1111.18% due to the payment for equity transfer[19]. Regulatory and Compliance Issues - The company is under investigation by the China Securities Regulatory Commission, which may lead to delisting risks if violations are confirmed[20]. - The company has committed to not planning any major asset restructuring for at least 12 months if there are administrative penalties or criminal liabilities related to insider trading[24]. - The company has been under investigation by the China Securities Regulatory Commission, which may impact its future operations[24]. - The company is currently fulfilling its commitments regarding the freezing of shares held by Jiangsu Weilen Investment Management Co., Ltd. until the conclusion of the investigation by the China Securities Regulatory Commission[24]. Future Projections - The estimated net profit for 2015 is projected to be between -70 million and -60 million RMB, indicating a significant loss compared to a net profit of 12.44 million RMB in 2014[25]. - The primary reason for the expected loss is an increase in bad debt provisions and restructuring costs due to an increase in receivables and certain prepayments[25]. Investment Activities - The company has not engaged in any securities investments during the reporting period[26]. - There are no holdings in other listed companies during the reporting period[27]. - The company has no instances of non-compliant external guarantees during the reporting period[28]. - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[29]. - The company is in the process of normal performance regarding its commitments made during the major asset restructuring[23].

Financial Performance - The company's operating revenue for the first half of 2015 was CNY 337.93 million, a decrease of 7.07% compared to CNY 363.63 million in the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 25.52 million, a decline of 888.40% from a profit of CNY 3.24 million in the previous year[22]. - The net cash flow from operating activities was CNY 43.29 million, down 44.62% from CNY 78.17 million in the same period last year[22]. - The total assets at the end of the reporting period were CNY 1.19 billion, a decrease of 5.55% from CNY 1.26 billion at the end of the previous year[22]. - The company reported a significant decline in sales volume of silicone rubber raw materials, which dropped by 36.73% compared to the previous year[30]. - Revenue for the reporting period was $337.93 million, a decrease of 7.07% compared to $363.63 million in the same period last year, primarily due to a decline in sales prices of mixed rubber and a decrease in sales volume of natural rubber[32]. - Operating costs decreased by 6.25% to $299.84 million from $319.82 million, attributed to a simultaneous decline in material costs[32]. - The company reported a net loss of $25.52 million, which was within the expected range of a loss between $20 million and $25 million, indicating a variance of 2.06% from the upper limit of the forecast[33]. - The company expects a net loss of between -35 million to -25 million CNY for the first nine months of 2015, compared to a net profit of 6.82 million CNY in the same period of 2014[51]. - The decrease in performance is attributed to increased restructuring intermediary fees, asset impairment provisions, and a reduction in government subsidies[51]. Cash Flow and Investments - Cash flow from operating activities was $43.29 million, down 44.62% from $78.17 million, impacted by a net decrease in acceptance bills and increased expenses[32]. - Cash flow from investment activities decreased by 39.28% to $154.24 million, compared to $254.01 million in the previous period, due to the recovery of silicone assets in the prior period[32]. - Cash flow from financing activities improved by 64.11%, with a net outflow of $166.26 million compared to $492.31 million in the previous period, reflecting lower bank loan repayments[32]. - The company made no significant changes to its investment strategy, with a reported investment amount of $88.87 million, a 100% decrease compared to the previous year[38]. - The company did not have any significant non-fundraising investment projects during the reporting period[50]. - The company transferred silicone assets for a price of 565 million RMB (excluding tax), receiving 20 million RMB in the current period and a total of 512 million RMB by June 2015[86]. - The company sold 30% equity in Beijing Urban Light Landscape Engineering Co., Ltd. to its controlling shareholder for 334.9351 million RMB, with 100 million RMB already received[87]. Shareholder and Equity Information - The total number of shares increased from 432,475,700 to 432,475,700, with the proportion of limited sale shares rising from 35.81% to 38.36%[90]. - The actual controller of the company, Zhu Dehong, resigned from his position on June 23, 2015, and all shares held by Jiangsu Weilen Investment Management Co., Ltd. are now locked until the conclusion of the investigation by the CSRC[90]. - The company has a total of 432,475,700 shares, with 165,915,493 shares under limited sale conditions and 266,560,178 shares under unrestricted conditions[90]. - The company reported a net profit distribution to shareholders, with a total of 2,952,900 allocated for profit distribution[134]. - The total owner's equity at the end of the period was 842,384,000, showing a slight increase from the previous period[134]. - The company has a history of capital increases, with the latest being a non-public offering that raised significant funds for expansion[140]. Regulatory and Legal Matters - The company is currently under investigation by the China Securities Regulatory Commission, which has led to uncertainties regarding its major asset restructuring project with Focus Media[30]. - The company is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations[57]. - The company has reached a mediation agreement regarding a lawsuit involving a claim of 27.43 million CNY and a penalty of 3 million CNY[58]. - The company has received a public reprimand from the stock exchange for non-compliance with information disclosure regulations related to share repurchase transactions[85]. - The company is actively cooperating with the investigation regarding the alleged violations of securities laws by Zhu Dehong[85]. Operational and Strategic Developments - The company has adjusted its product revenue structure by reducing the sales volume of low-margin silicone rubber raw materials[30]. - The company plans to optimize its asset-liability structure and financial status by transferring equity and returning part of its bank loans[31]. - The company maintained its core competitiveness, being one of the earliest entrants in the high-temperature silicone rubber market, with strong production capacity and sales scale[36]. - The company aims to enhance its market position through strategic capital management and potential new product developments in the future[139]. - The company has established a comprehensive organizational structure with multiple functional departments and subsidiaries, enhancing operational efficiency[142]. Financial Reporting and Accounting Practices - The financial report was approved by the board on August 27, 2015, and is based on the going concern assumption, reflecting the company's financial status and operational results accurately[146][148]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements are true and complete[148]. - The financial statements are presented in Renminbi Yuan (RMB)[106]. - The company recognizes its accounting currency as Renminbi (RMB)[151]. - The company’s financial reporting adheres to strict guidelines for recognizing and measuring financial instruments, ensuring transparency and accuracy[190]. Inventory and Asset Management - The company employs a perpetual inventory system and uses actual cost for raw materials, applying the FIFO method for cost of goods sold[186]. - Inventory is valued at the lower of cost and net realizable value, with provisions made for damaged or obsolete stock[187]. - The impairment provision for accounts receivable is calculated based on aging analysis, with a 5% provision for amounts within 1 year and 100% for amounts over 5 years[183]. - The company assesses the recoverability of financial assets and reverses impairment losses when objective evidence indicates a recovery[179].

江苏宏达新材料股份有限公司 2015 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：2015-050 江苏宏达新材料股份有限公司 2015 年第一季度报告正文 1 江苏宏达新材料股份有限公司 2015 年第一季度报告正文 第一节 重要提示 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 151,811,108.69 | 172,930,187.32 | -12.21% | | 归属于上市公司股东的净利润（元） | 1,272,538.08 | 2,465,633.71 | -48.39% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | -7,711,124.67 | -8,285,162.08 | 6.93% | | 经营活动产生的现金流量净额（元） | 37,728,981.41 | 11,586,961.67 | 225.62% | | 基本每股收益（元/股） | 0.0029 | 0.0057 | -49.12% | | 稀释每股收益（元/股） | 0.0029 | ...

Financial Performance - The company's operating revenue for 2014 was approximately ¥773.79 million, a decrease of 3.64% compared to ¥802.99 million in 2013[24]. - The net profit attributable to shareholders was ¥12.44 million, a significant increase of 101.43% from a loss of ¥876.31 million in the previous year[24]. - The net cash flow from operating activities improved to ¥83.30 million, representing a 188.51% increase from a negative cash flow of ¥94.12 million in 2013[24]. - Basic earnings per share rose to ¥0.03, compared to a loss of ¥2.03 per share in 2013, marking a 101.48% improvement[24]. - The company reported a net profit excluding non-recurring gains and losses of -¥30.26 million, an improvement of 90.29% from -¥321.67 million in 2013[24]. - The company reported a profit of 12,440,591.09 yuan for the year 2014, a significant recovery from a loss of 876,306,055.56 yuan in 2013[81]. - The total operating revenue for the current period was CNY 773,785,968.58, a decrease from CNY 802,998,140.98 in the previous period, representing a decline of approximately 3%[195]. - The net profit for the year was CNY 14.05 million, a significant recovery from a net loss of CNY 880.63 million in the previous year[197]. - The company reported a total profit of CNY 15.18 million, contrasting with a total loss of CNY 870.18 million in the prior year[196]. - The company achieved an investment income of CNY 381.65 thousand, compared to a loss of CNY 4.54 million in the previous year[199]. Asset Management - Total assets decreased by 27.19% to ¥1.26 billion from ¥1.74 billion at the end of 2013[24]. - The company's net assets attributable to shareholders increased by 1.44% to ¥825.24 million from ¥813.51 million in 2013[24]. - The company's cash and cash equivalents decreased from CNY 223.33 million at the beginning of the year to CNY 33.84 million at the end of the year[186]. - The company's inventory decreased to CNY 139,890,816.90, which is 11.06% of total assets, reflecting a strategy to reduce inventory capital occupation[55]. - The company's fixed assets decreased significantly to CNY 241,011,300.60, down 14.92% from the previous year, due to the confirmation of silicone asset sales[55]. - The total liabilities decreased from CNY 897,891,437.11 to CNY 412,135,553.92, reflecting a decline of about 54%[188]. Cost Management - The company reported a decrease in operating costs by 18.88% to CNY 677.33 million, attributed to the high costs of handling silicone by-products in the previous year[35]. - Total operating costs amounted to CNY 801.47 million, down from CNY 1.61 billion, indicating a reduction of approximately 50%[196]. - The company’s financial expenses decreased by 43.07% to CNY 19.03 million due to reduced interest expenses after repaying bank loans[36]. Strategic Initiatives - The company is undergoing a major asset restructuring, with results expected to be disclosed by June 9, 2015, which may significantly alter its business structure[14]. - The company is actively seeking suitable partners for mergers and acquisitions to achieve new business growth, with a major asset restructuring project currently underway[32]. - The company plans to transfer 30% of its stake in City Light as part of its strategy to introduce new light-asset businesses[73]. - The company is focusing on research and development of new products in the silicone rubber sector to enhance its market position[73]. Market Position and Competitiveness - The company has established a strong presence in the high-temperature silicone rubber market, with over 230 varieties of products available, catering to diverse customer needs[59]. - The company is recognized as a national high-tech enterprise and has multiple patented technologies, enhancing its competitive edge in the industry[59]. - The company has a stable overseas customer base, indicating successful market expansion beyond domestic sales[59]. - The proportion of high-performance and specialty silicone rubber sales is currently low, highlighting a need for improved technical services to boost this segment[59]. Corporate Governance - The company has maintained a commitment to employee welfare, adhering to labor laws and ensuring social insurance for all employees[82]. - The company has established long-term cooperative relationships with suppliers and customers, emphasizing integrity and mutual benefit[82]. - The company has set up an independent financial accounting department and established a standardized accounting system, ensuring no interference from the controlling shareholder in fund usage[166]. - The company has not identified any significant internal control deficiencies during the reporting period[174]. Shareholder Information - The number of shareholders holding more than 5% of shares includes Jiangsu Weilen Investment Management Co., Ltd. with 38.21% (165,259,343 shares) and Qiu Meifang with 2.99% (12,947,895 shares)[122]. - The company had a total of 18,917 common shareholders at the end of the reporting period[122]. - Jiangsu Weilen Investment Management Co., Ltd. conducted a repurchase agreement for 20 million unrestricted shares, accounting for 4.62% of the total share capital[125]. Legal and Compliance - The company successfully defended against a lawsuit involving a claim of 30 million yuan in damages, with the court ruling in favor of the company[85]. - The company has not been involved in any major environmental violations and is not classified as a heavily polluting industry[82]. - There were no significant accounting errors that required retrospective restatement during the reporting period[77].

江苏宏达新材料股份有限公司 2014 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：2014-073 江苏宏达新材料股份有限公司 2014 年第三季度报告正文 2014 年 10 月 1 江苏宏达新材料股份有限公司 2014 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。 公司负责人朱德洪、主管会计工作负责人邓台平及会计机构负责人(会计主管人员)邓台 平声明：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 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | --- | --- | --- | --- | --- | | | | | | 末增减 | | 总资产（元） | 1,295 ...

Financial Performance - The company reported a revenue of CNY 363.63 million for the first half of 2014, a decrease of 4.63% compared to CNY 381.27 million in the same period last year[18]. - The net profit attributable to shareholders was CNY 3.24 million, a significant increase of 101.90% from a loss of CNY 170.64 million in the previous year[18]. - The net cash flow from operating activities was CNY 78.17 million, representing a 17.19% increase from CNY 66.71 million in the same period last year[18]. - Basic earnings per share improved to CNY 0.01 from a loss of CNY 0.39 per share in the previous year, marking a 102.56% increase[18]. - The company reported a net loss of CNY 682,505,976.71 in retained earnings, slightly improved from a loss of CNY 685,742,381.37 at the beginning of the period[109]. - The net profit for the current period was a loss of 170.63555 million yuan, reflecting a significant decline from the previous year's profit[131]. - The company expects a net profit of between 5 million to 10 million yuan for the first nine months of 2014, a turnaround from a net loss of 650.34 million yuan in the same period last year[50]. Asset Management - Total assets decreased by 33.57% to CNY 1.15 billion compared to CNY 1.74 billion at the end of the previous year[18]. - The total assets of Dongguan New Oriental Technology Co., Ltd. are ¥365,622,888.66, with a net asset value of ¥124,448,485.07 and an operating income of ¥169,199,352.98[46]. - Jiangsu Lihong Silicon Materials Co., Ltd. reported total assets of ¥268,207,303.54 and a net loss of ¥15,707,680.80 during the reporting period[46]. - The total owner's equity at the end of the reporting period was 782.934 million yuan, down from 1,721.2 million yuan in the previous year[133]. - The company's total assets at the end of the reporting period amounted to 4,524.03 million yuan, with a total liability of 3,802.1 million yuan[132]. Investment Activities - The company completed the transfer of its siloxane assets, receiving CNY 46.77 million in transfer payments by August 20, 2014[25]. - The company has entered the landscaping industry by acquiring a 30% stake in Beijing Urban Light Landscaping Engineering Co., Ltd. for CNY 322.98 million[25]. - The company invested a total of ¥88,870,000 in external equity during the reporting period, a significant increase of 797.68% compared to ¥9,900,000 in the same period last year[37]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[131]. - The company plans to continue evaluating potential mergers and acquisitions to drive growth[64]. Operational Efficiency - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[116]. - The company has initiated a strategy to improve operational efficiency and reduce costs in response to the current financial challenges[132]. - The company reported a significant reduction in management expenses to CNY 35.27 million from CNY 88.01 million in the previous period[116]. - The company is committed to enhancing its product offerings and technological advancements in the new materials sector[63]. Legal Matters - The company is involved in a lawsuit where the plaintiff is requesting repayment of RMB 397,541.72 and compensation interest of RMB 16,000, along with a penalty of RMB 3,000,000[58]. - The company has a pending lawsuit with Jiangsu Honghua New Materials Co., Ltd. regarding a debt of RMB 3,042.82 million, with a court hearing already held[59]. - The company is also facing a claim for RMB 27,428.2 million in debt and a penalty of RMB 3,000,000 from Xu Zhou Meijing Real Estate Development Co., Ltd.[60]. - The company has reported a profit reduction of approximately RMB 35,000 due to ongoing litigation[58]. Market Position - The company maintains a leading market position in the silicone rubber industry, with significant influence and competitive advantages in the Yangtze River Delta and Pearl River Delta regions[36]. - Domestic sales accounted for $316.69 million, reflecting an increase of 11.52% year-on-year, while direct exports rose by 14.69% to $39.96 million[35]. - The company is actively expanding its market presence through strategic investments in subsidiaries and partnerships in the silicone and polymer materials sector[37]. Financial Reporting - The company’s financial reports comply with the accounting standards set by the Ministry of Finance, ensuring transparency and accuracy in financial reporting[143]. - The company has not reported any non-standard audit reports for the current period[51]. - The company has not undergone an audit for the semi-annual financial report[105]. Shareholder Information - The total number of shares before the recent change was 432,475,779, with a post-change total of 432,475,779 shares, indicating no net change in total shares[90]. - Jiangsu Weilen Investment Management Co., Ltd. holds 42.84% of the shares, with a decrease of 20,000 shares during the reporting period[94]. - The top ten shareholders collectively hold significant portions, with Jiangsu Weilen Investment Management Co., Ltd. having 31,314,836 unrestricted shares[95]. - Jiangsu Weilen Investment Management Co., Ltd. conducted a repurchase of 20 million shares, representing 4.62% of the total share capital, through block trading[96]. Cash Flow Management - The net cash flow from operating activities was 49,075,350.56 RMB, a decrease of 17.8% compared to the previous period's 59,778,969.19 RMB[124]. - Total cash inflow from investment activities reached 353,234,315.71 RMB, significantly higher than the previous period's 84,940,000.00 RMB[125]. - The net cash flow from investment activities was 258,374,685.77 RMB, compared to a negative cash flow of -84,725,488.46 RMB in the previous period[125]. - The ending balance of cash and cash equivalents was 25,737,335.40 RMB, a decline from 56,575,114.89 RMB in the previous period[125].