无锡双象超纤材料股份有限公司 2018 年半年度报告全文 无锡双象超纤材料股份有限公司 2018 年半年度报告 2018 年 07 月 1 无锡双象超纤材料股份有限公司 2018 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。 公司负责人唐炳泉、主管会计工作负责人顾茜一及会计机构负责人(会计主 管人员)金梅声明：保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 陈文化 | 独立董事 | 因事 | 薛济民 | 公司存在主要原材料价格波动的风险、能耗成本上升的风险 、管理风险带 来的经验成本上升的风险，敬请广大投资者注意投资风险。详细内容见本报告 "第四节、经营情况讨论与分析"中"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 ...

无锡双象超纤材料股份有限公司 2018 年第一季度报告正文 证券代码：002395 证券简称：双象股份 公告编号：2018-012 无锡双象超纤材料股份有限公司 2018 年第一季度报告正文 1 无锡双象超纤材料股份有限公司 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。 公司负责人唐炳泉、主管会计工作负责人顾茜一及会计机构负责人(会计主 管人员)金梅声明：保证季度报告中财务报表的真实、准确、完整。 2 无锡双象超纤材料股份有限公司 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 无锡双象超纤材料股份有限公司 2018 年第一季度报告正文 □ 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） | 285,451,444.45 | 249,260 ...

无锡双象超纤材料股份有限公司 2017 年年度报告全文 无锡双象超纤材料股份有限公司 2017 年年度报告 2018 年 04 月 1 无锡双象超纤材料股份有限公司 2017 年年度报告全文 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。 公司负责人唐炳泉、主管会计工作负责人顾茜一及会计机构负责人(会计主 管人员)金梅声明：保证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。 公司存在主要原材料价格波动的风险、能源成本大幅上升的风险、管理风 险带来的经营成本上升的风险，敬请广大投资者注意投资风险。详细内容见本 报告"第四节、管理层讨论与分析"中"九、公司未来发展的展望 5、对公司未来 发展战略和经营目标的实现可能产生不利影响的主要风险因素及应对策略"。 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 $$\mathbb{H}$$ | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要 ...

无锡双象超纤材料股份有限公司 2017 年第三季度报告正文 证券代码：002395 证券简称：双象股份 公告编号：2017-024 无锡双象超纤材料股份有限公司 2017 年第三季度报告正文 1 无锡双象超纤材料股份有限公司 2017 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。 公司负责人唐炳泉、主管会计工作负责人顾茜一及会计机构负责人(会计主 管人员)金梅声明：保证季度报告中财务报表的真实、准确、完整。 2 无锡双象超纤材料股份有限公司 2017 年第三季度报告正文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,323,733,744.06 | 1,249,272,194.90 | | 5.96% ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥586,032,720.20, representing a 17.81% increase compared to ¥497,438,797.94 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 43.06% to ¥11,455,428.31 from ¥20,117,919.43 year-on-year[17]. - Basic earnings per share dropped by 43.02% to ¥0.0641 from ¥0.1125 in the same period last year[17]. - The company's main business revenue for the first half of 2017 was approximately ¥526.66 million, a 6.99% increase compared to ¥492.25 million in the same period of 2016[32]. - The PMMA industry revenue increased by 48.20% to CNY 336,382,550.78, driven by higher sales volume[39]. - The net profit attributable to shareholders for the first half of 2017 was ¥11.46 million, a decrease of 43.06% compared to the same period last year[33]. - The total operating revenue for the reporting period was CNY 586,032,720.20, representing a year-on-year increase of 17.81% compared to CNY 497,438,797.94 in the same period last year[37]. - The net profit for the first nine months of 2016 was 2,412.6 million RMB, indicating a potential decline in profitability due to rising energy costs and market conditions in the PU and PVC industries[56]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥41,351,698.67, a decline of 222.11% compared to ¥33,864,430.45 in the previous year[17]. - The company's cash flow from operating activities showed a net outflow of ¥41.35 million, a decline of 222.11% compared to a net inflow of ¥33.86 million in the previous year[33]. - The cash and cash equivalents decreased by 5.68% to CNY 237,074,009.70, compared to CNY 296,114,294.07 at the end of the previous year[45]. - The total cash and cash equivalents at the end of the period decreased to ¥175,930,937.74 from ¥273,310,294.07, reflecting a decline of 35.6%[125]. - The net cash flow from investment activities was -8,847,549.94 CNY, a decrease from -5,625,195.27 CNY in the previous period, indicating a worsening investment cash flow situation[128]. - The net cash flow from financing activities improved to 3,384,943.89 CNY compared to a negative cash flow of -23,869,403.99 CNY in the previous period, showing a significant recovery in financing[128]. Assets and Liabilities - Total assets at the end of the reporting period increased by 3.21% to ¥1,289,337,669.12 from ¥1,249,272,194.90 at the end of the previous year[17]. - The company's current assets totaled RMB 820,750,990.11, up from RMB 783,908,873.39 at the start of the period, indicating a growth of approximately 4.4%[106][107]. - Total liabilities amounted to RMB 328,477,876.30, compared to RMB 308,685,238.48 at the beginning of the period, showing an increase of about 6.1%[108]. - The total liabilities at the end of the period were not explicitly stated but can be inferred to be stable based on the equity and asset figures[134]. Research and Development - The company has established a strong R&D capability, having undertaken multiple national and provincial-level major scientific research projects, and received 2 authorized invention patents in the first half of 2017[27]. - R&D investment rose by 9.53% to CNY 17,227,897.21, reflecting the company's commitment to innovation[36]. Market and Business Operations - The company's main business includes the manufacturing and sales of synthetic leather and PMMA, with PMMA produced by its subsidiary Suzhou Shuangxiang[24]. - The PMMA optical-grade product revenue continued to grow steadily, while the revenue from the parent company's synthetic leather products experienced a decline due to market impacts[32]. - The company is progressing well with the second phase of the PMMA project, which is expected to support future performance growth[33]. - The company has a comprehensive product chain with thousands of different models and specifications, providing one-stop supply services to reduce procurement costs for customers[28]. - The company has established good relationships with major MMA suppliers, ensuring stable raw material supply for PMMA production[29]. Risks and Challenges - The company faces risks related to fluctuations in raw material prices and increased energy costs post-renovation[4]. - Following the transition to natural gas, the company anticipates a significant increase in energy costs, which may impact operational performance[57]. - The company has implemented measures to mitigate risks from raw material price fluctuations, including developing high-tech, high-margin new products and improving production processes[57]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The annual shareholders' meeting had a participation rate of 65.54% on May 5, 2017[60]. - The company has committed to avoiding competition with its controlling shareholder and related entities, ensuring no direct or indirect competition arises[64]. - The company did not engage in any major related party transactions during the reporting period[72]. Financial Reporting and Compliance - The half-year financial report has not been audited, indicating that the financial results are preliminary[66]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position and operating results accurately[153]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[151].

无锡双象超纤材料股份有限公司 2017 年第一季度报告正文 证券代码：002395 证券简称：双象股份 公告编号：2017-012 无锡双象超纤材料股份有限公司 2017 年第一季度报告正文 1 无锡双象超纤材料股份有限公司 2017 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。 公司负责人唐炳泉、主管会计工作负责人顾茜一及会计机构负责人(会计主 管人员)金梅声明：保证季度报告中财务报表的真实、准确、完整。 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 249,260,692.16 | 212,343,034.88 | 17.39% | | 归属于上市公司股东的净利润（元） | 3,902,743.22 | 7,248,148.25 | -46.16% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 3,740 ...

Financial Performance - The company's operating revenue for 2016 was ¥1,056,050,755.89, representing a 6.62% increase compared to ¥990,486,797.50 in 2015[16] - The net profit attributable to shareholders for 2016 was ¥35,550,907.39, a significant increase of 53.54% from ¥23,153,455.29 in 2015[16] - The net profit after deducting non-recurring gains and losses was ¥37,414,435.40, which is an 87.70% increase from ¥19,932,930.13 in 2015[16] - The basic earnings per share for 2016 was ¥0.1988, up 53.51% from ¥0.1295 in 2015[16] - The total assets at the end of 2016 were ¥1,249,272,194.90, reflecting a 6.91% increase from ¥1,168,527,561.79 at the end of 2015[16] - The net assets attributable to shareholders increased by 3.93% to ¥836,816,458.75 from ¥805,205,851.36 in 2015[16] - The net cash flow from operating activities decreased by 29.17% to ¥121,381,929.97 from ¥171,375,438.35 in 2015[16] - The weighted average return on equity for 2016 was 4.31%, an increase of 1.41 percentage points from 2.90% in 2015[16] Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.80 per 10 shares, based on a total of 178,806,000 shares[4] - The company proposed a cash dividend of RMB 0.8 per 10 shares, totaling RMB 14,304,480 for the 2016 fiscal year, which is 40.24% of the net profit attributable to shareholders[80] - The cash dividend payout ratio for 2016 is 100% of the total distributable profit[80] - The company maintained a consistent cash dividend policy over the past three years, with cash dividends of RMB 8,940,300 in both 2014 and 2015[82] - The cash dividend for 2016 represents a significant increase compared to the previous years' distributions[82] Research and Development - Research and development expenses increased by 6.13% to CNY 34,803,820.46 in 2016, compared to CNY 32,794,030.48 in 2015[32] - The number of R&D personnel decreased by 6.87% to 122, while the proportion of R&D personnel remained relatively stable at 16.76%[49] - The company plans to invest 100 million RMB in R&D for new technologies over the next three years[141] - The company will prioritize R&D investments in high-end ultra-fine fiber synthetic leather and functional eco-friendly products to maintain its competitive edge in the synthetic leather industry[71] Market Position and Product Development - The company has a leading position in the production of ultra-fine fiber synthetic leather, with technology recognized as the best in the domestic market[25] - The company has developed a comprehensive product chain, offering over a thousand varieties of synthetic leather products, catering to various industries[29] - The company focuses on the development of ultra-fine fiber synthetic leather, which is positioned as the third generation of synthetic leather, offering superior elasticity, strength, and breathability compared to natural leather[67] - New product development includes the launch of a high-performance fiber, expected to contribute an additional 200 million RMB in revenue[141] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[141] Financial Health and Risks - The overall financial health of the company is stable, with no significant liabilities reported[60] - The company faces risks related to raw material price fluctuations and increased energy costs post-renovation, which may impact future strategic goals[4] - The company is addressing risks related to raw material price fluctuations by developing high-margin products and improving production processes to mitigate cost impacts[72] - The company has implemented clean energy solutions to reduce reliance on coal, although this may lead to increased energy costs, which it plans to manage through efficiency improvements[72] Governance and Compliance - The company strictly adheres to corporate governance regulations, ensuring compliance with laws and regulations related to shareholder meetings and board operations[163] - The board of directors consists of three independent directors, accounting for one-third of the total board members[164] - The company has established three specialized committees: the Nomination Committee, the Compensation and Assessment Committee, and the Audit Committee to support board decision-making[164] - The company has a transparent information disclosure process, ensuring timely and accurate communication with investors[166] - The audit committee held six meetings during the reporting period, with all members present and no absences or proxy attendances[177] Legal and Regulatory Matters - The company faced a lawsuit related to the illegal disposal of toxic materials, with a claimed amount of 5 million yuan, which resulted in a reduction of net profit by 5 million yuan[96] - The company has fulfilled its commitment regarding the payment of a fine amounting to RMB 5 million related to environmental litigation as of July 29, 2016[88] - The controlling shareholder, Jiangsu Shuangxiang Group, has committed to fully compensate the company for any penalties or legal responsibilities incurred, ensuring no losses to the company[89] Employee and Management Structure - The total number of employees in the company is 728, with 625 in the parent company and 103 in major subsidiaries[157] - The company has a professional composition of 485 production personnel, 27 sales personnel, 129 technical personnel, 15 financial personnel, and 72 administrative personnel[157] - The total remuneration for directors and senior management during the reporting period is 312.52 million yuan[156] - The company plans to implement a comprehensive training program for various employee categories in 2017 to enhance skills and professional quality[160] Future Outlook - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next fiscal year, indicating a projected growth of 25%[141] - The company has set a future outlook with a revenue target of 1.8 billion RMB for the next fiscal year, indicating an expected growth of 20%[151] - A strategic acquisition of a local competitor is in progress, expected to enhance market share by 10%[152]

Financial Performance - Operating revenue for the reporting period was ¥253,296,855.34, reflecting a year-on-year increase of 2.48%[8] - Net profit attributable to shareholders of the listed company decreased by 60.74% to ¥4,008,058.50[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥8,581,667.35, down 13.51% year-on-year[8] - Basic earnings per share were ¥0.0224, a decrease of 60.77% compared to the same period last year[8] - Operating profit increased by ¥29,814,119.79, a growth of 142.44%, mainly driven by significant profit growth from the subsidiary Suzhou Shuangxiang[18] - Net profit increased by ¥14,788,015.53, a growth of 70.38%, attributed to substantial profit growth from the subsidiary Suzhou Shuangxiang[19] - Total profit increased by ¥25,096,290.44, a growth of 112.16%, primarily due to significant profit growth from the subsidiary Suzhou Shuangxiang[19] - The company's income tax expense increased by ¥10,308,274.91, a growth of 755.33%, reflecting the substantial profit growth from the subsidiary Suzhou Shuangxiang[19] - The net profit attributable to shareholders for 2016 is expected to range from CNY 30.10 million to CNY 41.68 million, representing a growth of 30.00% to 80.00% compared to the previous year[28] - The net profit for 2015 was CNY 23.15 million, indicating a significant increase in profitability due to the capacity release from the subsidiary Suzhou Shuangxiang[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,181,382,729.11, an increase of 1.10% compared to the end of the previous year[8] - Net assets attributable to shareholders of the listed company increased by 2.51% to ¥825,391,529.29[8] - The company's accounts receivable decreased by ¥34,220,967.07, a decline of 37.05%, due to increased cash collections during the reporting period[17] - Prepayments increased by ¥29,619,239.58, a growth of 235.63%, primarily due to increased advance payments for bulk raw material purchases[17] - Other non-current assets increased by ¥14,328,692.73, a growth of 362.76%, mainly due to advance payments for equipment related to the subsidiary's second phase project[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥44,478,113.07, down 50.85% year-on-year[8] - Cash flow from operating activities decreased by ¥46,018,820.71, a decline of 50.85%, mainly due to payments for bulk raw material purchases[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,873[12] - Jiangsu Shuangxiang Group Co., Ltd. held 64.73% of the shares, making it the largest shareholder[12] Legal and Compliance - The company is facing an environmental lawsuit and is required to pay a fine of CNY 5 million[26] - The company is committed to compensating for any legal responsibilities arising from the environmental lawsuit, ensuring no financial burden on the company[26] - The actual controller has committed to avoid any competition with the company and will not engage in similar business activities through controlled entities[25] - There are no violations of external guarantees during the reporting period[29] - There are no non-operating fund occupations by the controlling shareholder or related parties during the reporting period[30] Investor Relations - The company has conducted investor relations activities, including on-site research on July 6, 2016, and August 5, 2016[31][32] Future Outlook - The company plans to invest in establishing Wuxi Shuangxiang Smart Sports Industry Investment Partnership, collaborating with Wuxi Financial Investment Co., Ltd.[21] - The company anticipates a positive net profit for 2016, indicating a stable financial outlook[28] - The performance improvement is attributed to the operational efficiency of the subsidiary, which has contributed significantly to the overall profit[28]

无锡双象超纤材料股份有限公司 2016 年半年度报告 2016 年 07 月 无锡双象超纤材料股份有限公司 2016 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。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人唐炳泉、主管会计工作负责人顾茜一及会计机构负责人(会计主 管人员)孙芳声明：保证本半年度报告中财务报告的真实、准确、完整。 1 | 第一节 | 重要提示、目录和释义 | 1 | | | --- | --- | --- | --- | | 第二节 | 公司简介 | 4 | | | 第三节 | 会计数据和财务指标摘要 | 6 | | | 第四节 | 董事会报告 | 8 | | | 第五节 | 重要事项 | | 15 | | 第六节 | 股份变动及股东情况 | | 24 | | 第七节 | 优先股相关情况 | | 27 | | 第八节 | 董事、监事、高级管理人员情况 | | 28 | | 第 ...

Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥497.44 million, representing a 6.81% increase compared to ¥465.71 million in the same period last year[19]. - The net profit attributable to shareholders was approximately ¥20.12 million, a significant increase of 221.45% from ¥6.26 million in the previous year[19]. - The net profit after deducting non-recurring gains and losses reached approximately ¥19.15 million, up 260.56% from ¥5.31 million year-on-year[19]. - The basic earnings per share increased to ¥0.1125, reflecting a growth of 221.43% compared to ¥0.0350 in the same period last year[19]. - The company's main business income for the first half of 2016 was approximately ¥487.86 million, a 7.90% increase from ¥452.15 million in the same period last year[27]. - Revenue for the reporting period was CNY 497.44 million, representing a 6.81% increase year-on-year[30]. - Operating profit rose significantly to CNY 34,604,611.89, compared to CNY 6,054,371.17 in the previous year, marking an increase of 471.5%[118]. - Total profit for the period was CNY 35,794,218.02, compared to CNY 7,161,960.21 in the same period last year, an increase of 400.0%[118]. Cash Flow and Financial Position - The company's cash flow from operating activities was approximately ¥33.86 million, down 58.32% from ¥81.25 million in the same period last year[19]. - Net cash flow from operating activities decreased by 58.32% year-on-year, mainly due to large raw material payments by the subsidiary Suzhou Shuangxiang[28]. - The net cash flow from operating activities was 33,864,430.45 CNY, a decrease of 58.3% compared to 81,254,982.86 CNY in the previous period[126]. - The ending balance of cash and cash equivalents was 273,310,294.07 CNY, a decrease from 238,964,889.92 CNY in the previous period[127]. - The company reported a net increase in cash and cash equivalents of -3,957,660.42 CNY, contrasting with a net increase of 58,170,857.78 CNY in the previous period[127]. - Total current assets increased to ¥797,611,685.52 from ¥766,763,901.24, representing a growth of approximately 4.4%[109]. - Total liabilities increased to ¥285,513,575.03 from ¥278,570,749.92, showing a rise of about 2.5%[110]. - Total assets reached ¥1,194,404,695.07, up from ¥1,168,527,561.79, indicating an increase of approximately 2.2%[111]. Research and Development - Research and development expenses increased by 24.25% to approximately ¥15.73 million, compared to ¥12.66 million in the previous year[27]. - R&D expenses increased by 24.25% year-on-year, primarily due to increased investment by the subsidiary Suzhou Shuangxiang[28]. - The company has undertaken multiple national and provincial-level major scientific research projects, enhancing its technological capabilities[35]. Corporate Governance and Compliance - The company has established a comprehensive internal control system to ensure effective governance and risk management, including various rules and regulations such as the Articles of Association and the General Meeting Rules[61]. - The company has a well-structured board with three independent directors, ensuring compliance with legal and regulatory requirements[59]. - The management team is committed to executing shareholder and board resolutions effectively, maintaining operational efficiency[60]. - The company emphasizes the protection of stakeholders' rights, promoting harmonious development among shareholders, suppliers, customers, and employees[60]. - The company has committed to improving information disclosure practices to enhance transparency and ensure equal access to information for all shareholders[61]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[5]. - For the first nine months of 2016, the net profit attributable to shareholders is expected to increase by 120% to 170%, ranging from CNY 22.46 million to CNY 27.56 million, compared to CNY 10.21 million in the same period of 2015[49]. - The profit distribution plan for 2015 included a cash dividend of CNY 0.5 per 10 shares, totaling CNY 8.94 million, with no stock dividends or capital reserve transfers[51]. - The company plans to conduct a non-public offering of shares, with the adjusted issue price set at 24.18 RMB per share, and the number of shares to be issued adjusted to a maximum of 22,596,277 shares[89]. Legal and Regulatory Matters - The company reported a significant litigation matter involving a penalty of 5 million yuan due to illegal disposal of hazardous materials, which may impact net profit growth by 5 million yuan[62]. - The company has not faced any penalties or rectification issues during the reporting period[86]. - There were no significant related party transactions or major contracts during the reporting period, reflecting a straightforward operational structure[70][75]. Market and Operational Strategy - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[136]. - The overall financial performance reflects challenges in the market, necessitating strategic adjustments to maintain growth[136]. - The company aims to improve operational efficiency and reduce costs to enhance profitability moving forward[136]. Accounting and Financial Reporting - The financial statements were approved by the board of directors on July 30, 2016[151]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position, operating results, and cash flows accurately[156]. - The company has not reported any significant changes in accounting policies or estimates during the reporting period[155]. - The company follows a unified accounting policy for all subsidiaries included in the consolidated financial statements[166].