证券代码：002319 证券简称：*ST 乐通 珠海市乐通化工股份有限公司 投资者关系活动记录表 编号：2021 年第 1 号 | --- | --- | --- | |----------------|------------------------------|------------------------------------------------------------------------------| | | | | | 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 | | | 参与单位名称及 | 参与公司 2020 | 年度报告网上业绩说明会的投资者 | | | | | | 人员姓名 | | | | | | | | 时间 | 2021 年 3 月 16 日 | 15:00-17:00 | | 地点 | 全景•路演天下（ | http://rs.p5w.net ） | | 上市公司接待人 | 独立董事王悦女士 | 董事长兼总裁周宇斌先生、董事会秘书 ...

投资者关系活动记录表 编号：2022 年第 2 号 证券代码：002319 证券简称：乐通股份 珠海市乐通化工股份有限公司 | --- | --- | --- | |---------------------------------------------------------------------|------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------| | 投资者关系活动类别 | □特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 □路演活动 \n□现场参观 \n | 其他（投资者网上集体接待日活动） | | 活动主题 | 2022 | 广东辖区上市公司投资者网上集体接待日活动 | | 活动参与人员 | 中小投资者 | | | 上市公司 ...

珠海市乐通化工股份有限公司 2022 年第三季度报告 证券代码：002319 证券简称：乐通股份 公告编号：2022-069 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度报告是否经过审计 □是 否 1 珠海市乐通化工股份有限公司 珠海市乐通化工股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 期增减 | | 上年同期增减 | | 营业收入（元） | 109,625,709.06 | 1.49% ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 197,692,653.92, representing a 7.97% increase compared to CNY 183,108,062.89 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 11,137,155.09, a decrease of 27.04% from a loss of CNY 8,766,314.71 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 11,595,150.11, which is a 14.32% increase in loss compared to CNY 10,143,014.65 in the same period last year[21]. - The basic earnings per share were CNY -0.056, a decrease of 27.27% compared to CNY -0.044 in the same period last year[21]. - The diluted earnings per share were also CNY -0.056, reflecting the same percentage decrease of 27.27%[21]. - The total comprehensive income for the first half of 2022 was a loss of CNY 11,137,155.09, compared to a loss of CNY 8,766,314.71 in the same period of 2021[150]. - The company reported a net loss of CNY 232.72 million for the first half of 2022, compared to a loss of CNY 221.58 million in the same period of 2021[142]. Cash Flow and Assets - The net cash flow from operating activities was CNY 4,120,748.89, showing a slight increase of 2.80% from CNY 4,008,506.07 in the previous year[21]. - The total assets at the end of the reporting period were CNY 663,269,677.89, reflecting a 1.12% increase from CNY 655,893,509.49 at the end of the previous year[21]. - The company's cash and cash equivalents decreased from 12,597,866.35 yuan at the beginning of the year to 7,682,835.76 yuan by June 30, 2022, a decline of approximately 38.5%[140]. - The total current assets increased from 282,225,578.88 yuan to 302,470,107.62 yuan, reflecting a growth of about 7.1%[140]. - The company's cash inflow from operating activities for the parent company in the first half of 2022 was CNY 16,888,530.62, slightly up from CNY 16,132,941.37 in the first half of 2021[158]. Operational Efficiency and Costs - The cost of goods sold increased by 8.37% to ¥161,679,976.85 from ¥149,186,430.19, resulting in a gross margin decrease[37]. - Research and development expenses rose significantly by 41.80% to ¥7,127,347.18, driven by increased investment in new product development[37]. - The company has implemented a production model based on "sales-driven production" and "fixed reserve," allowing for personalized and differentiated products[30]. - Rising operational costs due to high raw material prices are compressing profit margins, prompting the company to enhance cost control measures[54]. Market and Strategic Initiatives - The company is responding to the "dual control of energy consumption" policy by investing in production process control and end-of-pipe treatment equipment upgrades[32]. - The company plans to adjust its development strategy in response to market changes and enhance its internet advertising business layout[55]. - The company is committed to developing an environmentally friendly economy, focusing on energy conservation and emission reduction, and has invested in research for eco-friendly water-based inks and UV inks[71]. - The company has established a stable procurement network with long-term relationships with major suppliers, ensuring sufficient raw material supply[30]. Environmental and Compliance - The company has received ISO-45001 certification and successfully passed audits for ISO9001 and ISO14001, enhancing its manufacturing capabilities[33]. - The company has established a hazardous waste management system, including agreements with qualified third parties for proper disposal[65]. - The company emphasizes employee rights and has established a comprehensive human resources management system to support staff development and welfare[70]. - No administrative penalties were reported during the reporting period due to environmental issues[69]. Shareholder and Governance - The company plans not to distribute cash dividends or bonus shares, nor to increase capital from reserves[4]. - The company emphasizes the protection of shareholder rights by ensuring accurate and complete information disclosure, enhancing communication with investors through platforms like Interactive Easy, and organizing annual performance briefings[71]. - The company has not engaged in any employee stock ownership plans or incentive measures during the reporting period, indicating a focus on operational stability[60]. Asset Restructuring and Acquisitions - The company is in the process of a major asset restructuring, aiming to acquire 100% equity of Zhejiang Qichen Technology Co., Ltd. and 45% equity of Hunan Hexinli Technology Engineering Co., Ltd.[89]. - The restructuring plan was approved by the board on October 23, 2020, and has undergone multiple reviews and approvals since then[90][91][92]. - The company has received feedback from the China Securities Regulatory Commission regarding its restructuring application, which it is addressing[92]. - The company plans to issue shares and pay cash to finance the acquisition, pending regulatory approval[115]. Financial Reporting and Compliance - The semi-annual financial report has not been audited, indicating that the financial results are still subject to review[79]. - The financial statements were approved by the board of directors on August 26, 2022[180]. - The company ensures that all financial reporting complies with the relevant accounting standards and regulations[197].

Financial Performance - Revenue for Q1 2022 was CNY 100,811,353.50, an increase of 12.55% compared to CNY 89,570,470.12 in the same period last year[3] - Total operating revenue for Q1 2022 was CNY 100,811,353.50, an increase of 12.8% compared to CNY 89,570,470.12 in the same period last year[23] - Net profit attributable to shareholders was a loss of CNY 4,581,416.41, a decrease of 39.95% from a loss of CNY 3,273,608.71 year-on-year[3] - Net loss for Q1 2022 was CNY 4,581,416.41, compared to a net loss of CNY 3,273,608.71 in Q1 2021, reflecting a deterioration in profitability[24] - The total comprehensive income attributable to the parent company was -4,581,416.41 CNY, compared to -3,273,608.71 CNY in the previous period, indicating a decline[25] - Basic and diluted earnings per share were both -0.023 CNY, down from -0.016 CNY in the previous period[25] Cash Flow and Liquidity - Operating cash flow increased by 176.15%, reaching CNY 2,264,395.89, compared to a negative cash flow of CNY 2,973,774.96 in the previous year[3] - Net cash flow from operating activities was 2,264,395.89 CNY, a significant improvement from -2,973,774.96 CNY in the previous period[28] - Total cash inflow from operating activities was 61,146,435.09 CNY, down 28.2% from 85,130,911.28 CNY in the previous period[28] - Cash outflow from operating activities totaled 58,882,039.20 CNY, a decrease of 33.2% compared to 88,104,686.24 CNY in the previous period[28] - Cash flow from investing activities was -952,236.11 CNY, compared to -1,826,788.69 CNY in the previous period, showing a reduced outflow[29] - Cash flow from financing activities resulted in a net outflow of -2,821,153.41 CNY, compared to -14,355,033.35 CNY in the previous period, indicating improved cash management[29] - The ending balance of cash and cash equivalents was 11,088,872.72 CNY, an increase from 8,267,415.13 CNY in the previous period[29] - The company received 122,000,000.00 CNY in cash from borrowings during the period[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 687,933,772.35, up 4.88% from CNY 655,893,509.49 at the end of the previous year[3] - Total assets as of the end of Q1 2022 were CNY 687,933,772.35, up from CNY 655,893,509.49 at the beginning of the year, representing a growth of 4.9%[21] - Total liabilities increased to CNY 585,553,036.88 from CNY 549,790,000.45, an increase of 6.5%[20] - The company's total equity attributable to shareholders decreased to CNY 102,380,735.47 from CNY 106,103,509.04, a decline of 3.4%[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,474[9] - The largest shareholder, Shenzhen Dashing Asset Management Co., Ltd., holds 26.00% of the shares, totaling 51,999,959 shares[9] Business Operations and Strategy - The company reported a 27.75% increase in notes receivable, attributed to more customers using acceptance bills for settlement[7] - The company experienced a 39.95% decline in net profit due to increased ink material costs and a decrease in internet advertising revenue[7] - Research and development expenses for Q1 2022 were CNY 3,265,807.40, up from CNY 2,695,549.88 in Q1 2021, indicating a 21.2% increase[23] - The company plans to acquire 100% equity of Zhejiang Qichen Technology Co., Ltd. and 45% equity of Hunan Nuclear Sanli Technology Engineering Co., Ltd. through a combination of issuing shares and cash payment[10] - The company has received feedback from the China Securities Regulatory Commission (CSRC) regarding its asset purchase application, which was not approved on December 31, 2021[13] - The company is continuing to push forward with the asset acquisition plan despite the CSRC's disapproval, coordinating with relevant parties to complete necessary audits and documentation[14] - The company acquired 75% equity of Beijing Xuanxiang Siyue Media Advertising Co., Ltd. for RMB 273 million in 2015, later increasing its stake to 100%[15] - The company agreed to extend the payment deadline for outstanding equity acquisition payments and interest to June 30, 2022, with a reduced interest rate of 3.85%[17] Inventory and Receivables - Accounts receivable increased to CNY 158,220,407.01 from CNY 136,652,850.15 at the beginning of the year, indicating a rise of 15.7%[20] - Inventory decreased to CNY 51,826,268.13 from CNY 57,037,360.97, a decline of 9.1%[20] Audit and Reporting - As of March 31, 2022, the company is preparing its consolidated balance sheet for the first quarter[18] - The company did not conduct an audit for the first quarter report[30]

Financial Performance - The company's operating revenue for 2021 was ¥387,741,377.38, representing a 23.26% increase compared to ¥314,563,718.67 in 2020[20]. - The net profit attributable to shareholders for 2021 was -¥37,146,987.85, a decrease of 608.18% from ¥7,309,799.46 in 2020[20]. - The net cash flow from operating activities decreased by 42.00% to ¥16,005,627.67 in 2021 from ¥27,597,848.76 in 2020[20]. - The basic earnings per share for 2021 was -¥0.19, a decline of 575.00% from ¥0.04 in 2020[20]. - Total assets at the end of 2021 were ¥655,893,509.49, an increase of 4.69% from ¥626,524,542.55 at the end of 2020[20]. - The net assets attributable to shareholders decreased by 25.31% to ¥106,103,509.04 at the end of 2021 from ¥142,051,055.37 at the end of 2020[20]. - The company reported a weighted average return on equity of -29.94% in 2021, down from 5.18% in 2020[20]. - The net profit after deducting non-recurring gains and losses was -¥39,446,530.49 in 2021, a 29.13% increase in loss compared to -¥30,548,203.88 in 2020[20]. Revenue Breakdown - The ink manufacturing business generated revenue of ¥375,959,207.04, accounting for 96.96% of total revenue, with a year-on-year growth of 28.64%[48]. - The internet advertising marketing business reported revenue of ¥7,091,300.37, a significant decline of 58.73% year-on-year, with a net loss of -¥2,297,764.34, down 240.83%[46]. - The company's total revenue for the first quarter was ¥89,570,470.12, while the fourth quarter revenue was ¥96,615,026.76, showing a quarterly fluctuation[25]. Cost and Expenses - In 2021, the cost of raw materials amounted to ¥289,507,495.98, representing 89.95% of operating costs, an increase of 43.30% compared to ¥202,073,775.96 (84.86%) in 2020[55]. - The company's main business cost for internet marketing and advertising decreased by 56.40% to ¥4,925,599.38 in 2021 from ¥11,287,295.27 in 2020[56]. - The management expenses increased by 19.41% to ¥60,369,572.91 in 2021 from ¥50,554,656.80 in 2020[61]. Research and Development - Research and development expenses for 2021 were ¥9,874,844.05, a slight decrease of 1.05% from ¥9,979,238.68 in 2020[61]. - The proportion of R&D investment to operating revenue decreased from 3.17% in 2020 to 2.55% in 2021, a decline of 0.62%[65]. - The number of R&D personnel increased by 18.75% from 32 in 2020 to 38 in 2021[65]. - The R&D team focuses on developing new products such as PVC and composite water-based inks, with successful advancements in smoke packaging and UV products[41]. Market Challenges - The ink manufacturing sector faces challenges due to rising raw material costs and supply chain issues, impacting overall profitability[31]. - The internet advertising market is experiencing a slowdown in growth, influenced by reduced advertising budgets from various industries due to the pandemic[32]. - The overall industry outlook remains cautious, with the need for strategic adjustments to navigate economic uncertainties and industry challenges[31]. Environmental Compliance - The company reported a significant environmental compliance issue, with unaddressed losses reaching one-third of the total paid-in capital for the year 2019, which was rectified in February 2021[127]. - The company invested in upgrading its VOCs treatment facilities, adding a new zeolite rotary concentrator and catalytic combustion system with a design capacity of 100,000 m³/h to enhance emission control[131]. - The company established a real-time monitoring system for both air and water emissions to ensure compliance with environmental standards[132]. Corporate Governance - The governance structure of the company complies with relevant laws and regulations, ensuring the protection of shareholder rights and interests[89]. - The company actively engages with stakeholders, focusing on environmental protection and social responsibility while maintaining steady growth[88]. - The company has established a transparent and effective performance evaluation and incentive mechanism for its management team to attract and retain talent[88]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,581, an increase from 9,943 at the end of the previous month, representing a growth of approximately 6.4%[197]. - The largest shareholder, Shenzhen Dasing Asset Management Co., Ltd., holds 51,999,959 shares, accounting for 26.00% of total shares, with no changes reported during the period[198]. - The company has not proposed any cash dividend distribution or stock bonus for the reporting period, despite having positive distributable profits[120]. Future Outlook - The company plans to focus on developing and promoting new environmentally friendly ink products in 2022, aligning with national policies supporting sustainable development[79]. - The company aims to enhance its internet advertising marketing business by adjusting its market development strategy and expanding its customer base[80]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for the next fiscal year, indicating a projected growth of 25%[104].

珠海市乐通化工股份有限公司 2021 年第三季度报告 证券代码：002319 证券简称：乐通股份 公告编号：2021-067 珠海市乐通化工股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元 | 项目 | 本报告期金额 | 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） | 110,595.96 | 1,251,212.23 | | | 计入当期损益的政府补助（与公司正常经营业务 密切相关，符合国家政策规定、按照一定标准定 额或定量持续享受的政府 ...

珠海市乐通化工股份有限公司 2021 年半年度报告全文 珠海市乐通化工股份有限公司 2021 年半年度报告 2021-060 2021 年 08 月 1 珠海市乐通化工股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人周宇斌、主管会计工作负责人胡婷及会计机构负责人(会计主管 人员)张洁声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告如有涉及到未来计划等前瞻性陈述，不构成公司对投资者的实质承 诺，敬请投资者及相关人士应当对此保持足够的风险认识，并且应当理解计划、 预测与承诺之间的差异，注意投资风险。 公司已在本报告中详细描述可能存在的相关风险，敬请查阅第三节"管理 层讨论与分析"中的第十"公司面临的风险和应对措施"。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介 ...

Financial Performance - The company's revenue for Q1 2021 was ¥89,570,470.12, representing a 37.96% increase compared to ¥64,925,685.87 in the same period last year[9] - The net profit attributable to shareholders was -¥3,273,608.71, an improvement of 49.26% from -¥6,452,290.39 year-on-year[9] - The basic earnings per share improved to -¥0.016, a 50.00% increase from -¥0.032 in the same period last year[9] - Operating revenue increased by 37.96%, attributed to a significant impact from the pandemic in the same period last year[17] - Operating profit rose by 46.16%, and net profit attributable to shareholders increased by 49.26%, mainly due to effective pandemic control in 2021[17] - Total operating revenue for Q1 2021 was CNY 89,570,470.12, an increase of 37.9% compared to CNY 64,925,685.87 in the same period last year[43] - Net loss for Q1 2021 was CNY 3,273,608.71, a reduction in loss of 49.2% compared to CNY 6,452,290.39 in Q1 2020[45] - Operating profit for Q1 2021 was a loss of CNY 3,536,458.64, improving from a loss of CNY 6,568,620.77 in the previous year[45] Cash Flow - The net cash flow from operating activities was -¥2,973,774.96, a significant decline of 179.69% compared to ¥3,731,621.17 in the previous year[9] - Cash inflow from operating activities totaled 85,130,911.28 CNY, a significant increase of 49.8% compared to 56,840,539.24 CNY in the prior period[53] - Cash outflow from operating activities was 88,104,686.24 CNY, up from 53,108,918.07 CNY, resulting in a net cash flow from operating activities of -2,973,774.96 CNY, compared to 3,731,621.17 CNY previously[53] - The company reported a 293.76% decrease in net cash flow from financing activities, primarily due to significant loan repayments[17] - Cash flow from investing activities resulted in a net outflow of -1,826,788.69 CNY, worsening from -569,761.45 CNY in the previous period[54] - Cash flow from financing activities showed a net outflow of -14,355,033.35 CNY, compared to -3,645,668.63 CNY in the prior period[54] - The ending balance of cash and cash equivalents was 8,267,415.13 CNY, down from 8,903,178.05 CNY[54] - Cash and cash equivalents decreased by 69.85%, primarily due to a reduction in net cash flow from operating activities[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥584,151,348.95, down 6.76% from ¥626,524,542.55 at the end of the previous year[9] - Current assets totaled CNY 196,439,837.38, down 16.09% from CNY 234,083,266.75 at the end of 2020[35] - Total liabilities as of the end of Q1 2021 were CNY 285,710,613.21, slightly up from CNY 285,516,462.18 at the end of the previous quarter[41] - Current liabilities decreased to CNY 444,519,310.66, down 8.25% from CNY 484,473,487.18[37] - The total equity attributable to shareholders was CNY 139,632,038.29, a decrease of 1.94% from CNY 142,051,055.37[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,065[13] - The largest shareholder, Shenzhen Dashing Asset Management Co., Ltd., holds 26.00% of the shares, totaling 51,999,959 shares[13] Research and Development - Research and development expenses grew by 34.28%, reflecting increased investment in new product development to meet market demands[17] - Research and development expenses for Q1 2021 were CNY 2,695,549.88, an increase of 34.3% from CNY 2,007,477.57 in Q1 2020[44] Other Financial Metrics - The company reported non-operating income and expenses totaling ¥423,868.51 for the period[10] - Other income increased by 148.19%, mainly due to a rise in government subsidies received during the reporting period[17] - The company reported a credit impairment loss of CNY -1,072,524.64 in Q1 2021, compared to a gain of CNY 458,703.75 in Q1 2020[44] - The total comprehensive income for the first quarter was -8,070,072.99 CNY, showing a slight decrease from -8,066,512.04 CNY in the previous period[50] - Basic and diluted earnings per share both stood at -0.0040 CNY, consistent with the previous period[50] Corporate Actions - The company plans to actively promote a major asset restructuring project involving the acquisition of 100% equity in Zhejiang Qichen Technology Co., Ltd.[20] - The company has completed the deregistration of its wholly-owned subsidiary, Zhengzhou Letong New Materials Co., Ltd., due to various operational challenges[19]

Financial Performance - The company's operating revenue for 2020 was CNY 314,563,718.67, a decrease of 17.88% compared to CNY 383,055,009.25 in 2019[16] - The net profit attributable to shareholders in 2020 was CNY 7,309,799.46, a significant improvement of 102.51% from a loss of CNY 291,491,352.09 in 2019[16] - The net cash flow from operating activities increased by 41.04% to CNY 27,597,848.76 in 2020, compared to CNY 19,567,057.66 in 2019[16] - Basic and diluted earnings per share for 2020 were CNY 0.04, recovering from a loss of CNY 1.46 per share in 2019[16] - The total assets at the end of 2020 were CNY 626,524,542.55, a decrease of 4.30% from CNY 654,651,989.30 at the end of 2019[16] - The net assets attributable to shareholders increased by 1.20% to CNY 142,051,055.37 at the end of 2020, compared to CNY 140,361,986.87 at the end of 2019[16] - The company reported a significant reduction in non-recurring losses, with the net profit excluding non-recurring items at CNY -30,548,203.88, an improvement of 89.42% from CNY -288,644,049.54 in 2019[16] - The weighted average return on net assets was 5.18% in 2020, a recovery from -101.72% in 2019[16] Revenue Breakdown - Total revenue for Q1 was ¥58.38 million, Q2 was ¥86.44 million, Q3 was ¥91.81 million, and Q4 was ¥77.93 million[20] - Net profit attributable to shareholders for Q1 was -¥6.45 million, Q2 was ¥7.42 million, Q3 was -¥0.70 million, and Q4 was ¥7.05 million[20] - Non-recurring gains and losses totaled ¥37.86 million in 2020, compared to -¥2.85 million in 2019[22] - The internet advertising marketing business generated revenue of ¥17,181,451.17, down 71.16% year-on-year, with a net loss of ¥674,168.17, a decrease of 114.13%[36] - The chemical raw materials and chemical products manufacturing sector accounted for 92.91% of total revenue, with a revenue of ¥292,259,355.38, down 8.11% year-on-year[39] Cost and Expenses - The company’s main business cost for internet marketing advertising decreased by 71.71% to CNY 11,287,295.27 from CNY 39,896,470.05 in 2019[46] - The company’s total sales expenses decreased by 59.65% to CNY 10,068,967.87 in 2020 from CNY 24,952,785.03 in 2019[51] - The company’s management expenses decreased by 3.44% to CNY 50,554,656.80 in 2020 from CNY 52,356,386.93 in 2019[51] Research and Development - The total R&D expenditure in 2020 was CNY 9,979,238.68, a decrease of 28.60% compared to CNY 13,976,536.69 in 2019, representing 3.17% of total revenue[52] - The company is committed to R&D in environmentally friendly inks, leveraging its strong technical capabilities[29] - The company focused on developing water-based and UV inks, launching products such as environmentally friendly inks and water-soluble plastic inks during the reporting period[35] Market and Industry Trends - The ink manufacturing sector is shifting towards more eco-friendly products like water-based and UV inks due to regulatory support[27] - The internet advertising marketing sector is experiencing rapid growth, driven by increasing internet user numbers and technological advancements[27] - The internet advertising segment experienced a significant decline in revenue due to the prolonged impact of the COVID-19 pandemic, leading to adjustments in the company's market development strategy[68] Strategic Initiatives - The company has established a stable procurement network and efficient production processes to optimize resource allocation[26] - The company aims to enhance production management and invest in new intelligent and automated production lines to improve efficiency and reduce emissions[70] - A major asset restructuring project is underway, with the company seeking to acquire shares in He Sanli Company to enhance market competitiveness and sustainable profitability[70] Risk Management - The company has outlined potential risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[4] - The company faces risks from macroeconomic fluctuations, which may impact overall business operations due to the ongoing global pandemic and complex international situation[71] - Rising operational costs due to fluctuating raw material prices and high labor costs are expected to pressure profit margins[72] Corporate Governance - The company has maintained its accounting firm, Da Hua Accounting Firm, for 14 consecutive years, with an audit fee of RMB 750,000[90] - The board consists of 6 directors, including 3 independent directors, ensuring compliance with corporate governance standards[152] - The company has established a comprehensive human resources management system to ensure fair treatment and protect employee rights, providing a stable work environment[116] Environmental Responsibility - The company emphasizes environmental protection and has implemented energy-saving measures, achieving compliance with pollution discharge standards[117] - The company has a wastewater treatment facility with a capacity of 10 tons per day, ensuring that treated water meets discharge standards[121] - The company has six sets of VOCs treatment facilities, which are currently operating normally and are regularly maintained[122] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,032, with 9,812 being ordinary shareholders[137] - The largest shareholder, Shenzhen Dashing Asset Management Co., Ltd., held 26.00% of shares, totaling 51,999,959 shares, with 51,990,000 shares pledged[137] Audit and Compliance - The audit opinion issued by Da Hua Accounting Firm was a standard unqualified opinion[192] - The company confirmed that there were no major defects in non-financial reporting[188] - The internal control self-assessment report indicated that all units included in the evaluation accounted for 100% of the company's total assets and revenue[186]