Financial Performance - The company's operating revenue for 2021 was approximately CNY 1.47 billion, representing a 9.55% increase compared to CNY 1.34 billion in 2020[20]. - The net profit attributable to shareholders for 2021 was approximately CNY 50.48 million, a 19.66% increase from CNY 42.19 million in 2020[20]. - The net profit after deducting non-recurring gains and losses was approximately CNY 49.50 million, which is a significant increase of 62.97% compared to CNY 30.37 million in 2020[20]. - The company's total assets at the end of 2021 were approximately CNY 2.06 billion, reflecting a 32.28% increase from CNY 1.56 billion at the end of 2020[20]. - The basic earnings per share for 2021 was CNY 0.1882, up 19.64% from CNY 0.1573 in 2020[20]. - The weighted average return on equity for 2021 was 5.63%, an increase from 4.83% in 2020[20]. - The company's main business revenue for 2021 was CNY 1,449,071,023.59, representing a year-on-year increase of 9.29% compared to CNY 1,325,947,955.77 in 2020[51]. - The total revenue from the ultra-fiber product reached approximately ¥472.43 million, with a year-on-year increase of 6.60% in average selling price from ¥29.30 to ¥31.23 per meter[59]. - The company reported a significant reduction in financial expenses by 61.62%, down to approximately ¥4.99 million, primarily due to foreign currency exchange rate fluctuations[70]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2021, representing a 10% increase compared to the previous year[113]. Cash Flow and Investments - The net cash flow from operating activities for 2021 was approximately CNY 584,252, a drastic decrease of 99.38% compared to CNY 94.94 million in 2020[20]. - The operating cash flow net amount decreased by 99.38% to CNY 584,252.15, attributed to increased cash outflows for procurement exceeding cash inflows from sales[52]. - Investment cash inflow dropped by 84.86% to ¥39,746,296.30, while investment cash outflow surged by 112.41% to ¥214,191,521.45, resulting in a net cash outflow of ¥174,445,225.15[74]. - Financing cash inflow increased by 27.47% to ¥101,977,797.94, primarily due to new borrowings by the parent company[74]. - The net increase in cash and cash equivalents fell by 198.34% to -¥199,518,926.12, largely due to significant payments for project equipment[75]. Production and Capacity - The company achieved a total of 8,000 tons/year production capacity for high-end optical-grade PMMA materials, marking a significant milestone in domestic production capabilities[31]. - The production capacity for PMMA is 80,000 tons per year, with a utilization rate of 62.31%[43]. - The design capacity for synthetic leather is 15 million meters per year, with a utilization rate of 93.76%[43]. - The company has a total of 30,000 tons per year of PMMA capacity under construction, indicating ongoing expansion efforts[43]. - The company established a wholly-owned subsidiary, Chongqing Shuangxiang Optical Materials Co., Ltd., in April 2021, expanding its operational footprint[66]. Market and Competitive Landscape - The market for synthetic leather in China remains stable, with significant growth potential for high-end products like ultra-fine fiber leather[30]. - The optical-grade PMMA market is primarily dominated by international chemical giants, highlighting the competitive landscape the company faces[31]. - The company is positioned as the first domestic enterprise to achieve large-scale production of high-end optical-grade PMMA materials, addressing the high demand in various industries[31]. Research and Development - The company holds 9 authorized invention patents and 16 utility model patents as of December 31, 2021, reflecting its strong R&D capabilities[48]. - Research and development expenses increased by 5.75% year-on-year, totaling approximately ¥54.43 million, reflecting the company's commitment to innovation[70]. - The company completed several R&D projects, including new ultra-fiber boxing gloves and vacuum-formed ultra-fiber shoe leather, aimed at enhancing product quality and market share[71]. - The company aims to expand its product applications in high-end furniture and apparel markets through innovative material development[71]. - The company plans to enhance R&D investment through its "China Ultra-fine Fiber Synthetic Leather Innovation R&D Base" and "Ultra-fine Fiber New Materials Technology Research Institute" to maintain technological leadership[94]. Environmental and Social Responsibility - The company has implemented effective waste gas treatment systems, including RTO systems for organic waste gas, ensuring compliance with emission standards[179]. - The company has constructed two standard rainwater discharge outlets to manage stormwater effectively[180]. - The company has not reported any environmental pollution incidents, indicating stable operation of pollution control facilities[180]. - The company has made significant contributions to social employment and tax compliance, reflecting its commitment to corporate social responsibility[191]. - The company donated a total of 100,000 RMB (approximately $15,000) to support local agricultural projects in 2021[189]. Governance and Compliance - The board of directors includes three independent directors, constituting over one-third of the total board members, ensuring compliance with governance regulations[103]. - The company has established specialized committees within the board, including a nomination committee, compensation and assessment committee, and audit committee, to provide professional advice[103]. - The company has established a comprehensive internal control system to ensure compliance with laws and regulations, including various management rules and procedures[104]. - The company has implemented a transparent information disclosure system, ensuring timely and accurate communication with investors[104]. - The company has established a comprehensive contract management system to ensure legal compliance and financial oversight in contract execution[153].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 377,184,674.56, representing an increase of 8.28% year-on-year, and a total revenue of CNY 1,081,614,615.96 for the year-to-date, up 15.56% compared to the same period last year [4]. - Net profit attributable to shareholders for Q3 2021 was CNY 9,460,863.01, a growth of 34.80% year-on-year, with a year-to-date net profit of CNY 52,486,896.77, reflecting a significant increase of 105.98% [4]. - The net profit after deducting non-recurring gains and losses for Q3 2021 was CNY 9,776,896.68, up 57.10% year-on-year, and CNY 51,928,770.87 for the year-to-date, marking a 210.41% increase [4]. - Total profit for the period increased by CNY 25,974,514.06, a growth of 82.48%, mainly due to profit increases from the parent company and its wholly-owned subsidiary [13]. - Net profit for the current period was ¥52,486,896.77, a significant rise of 106.5% compared to ¥25,481,965.50 in the same period last year [26]. - Basic earnings per share increased to ¥0.1957 from ¥0.0950, reflecting a growth of 106.5% [26]. Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of CNY 29,213,324.63 for the year-to-date, a decline of 153.38% compared to the previous year [5]. - Cash flow from operating activities showed a net outflow of ¥29,213,324.63, contrasting with a net inflow of ¥54,726,194.22 in the previous period [29]. - Cash and cash equivalents decreased by CNY 281,753,999.61, a drop of 56.12%, primarily due to prepayments for engineering and equipment by its wholly-owned subsidiary [10]. - Cash and cash equivalents at the end of the period decreased to ¥150,074,948.51 from ¥441,459,535.48, indicating a decline of 66.1% [30]. - Total assets at the end of the reporting period were CNY 1,562,532,628.83, a slight increase of 0.10% from the end of the previous year [5]. - The company's current assets decreased to CNY 890,601,411.86 from CNY 1,103,249,875.62, indicating a reduction of approximately 19.3% [20]. - The company's cash and cash equivalents significantly decreased to CNY 220,280,654.69 from CNY 502,034,654.30, a drop of approximately 56.2% [20]. - Total liabilities decreased to CNY 655,712,111.82 from CNY 666,375,787.63, a decline of approximately 1.0% [22]. - The company's equity attributable to shareholders rose to CNY 906,820,517.01 from CNY 894,552,919.67, an increase of about 1.4% [22]. Investments and Expenses - The company's construction in progress increased by CNY 124,429,541.33, a significant rise of 4389.58%, attributed to increased investments in the Chongqing project [10]. - Research and development expenses rose to ¥39,282,415.45, up from ¥35,053,745.09, marking an increase of 6.4% [24]. - The company reported a decrease in financial expenses to ¥2,451,402.73 from ¥4,695,294.24, a reduction of 47.8% [25]. - The company generated cash inflows from investment activities totaling ¥39,771,516.94, down from ¥243,021,353.62 in the previous period [29]. Market and Strategic Outlook - User data showed a growth of 20% in active users, totaling 5 million by the end of Q3 2021 [32]. - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for Q4 2021, representing a 25% increase compared to Q4 2020 [32]. - New product development includes the launch of a high-performance synthetic fiber, expected to contribute an additional 200 million RMB in revenue by Q2 2022 [32]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022 [32]. - A strategic acquisition of a local competitor is in progress, anticipated to enhance production capacity by 30% [32]. - The company is investing 100 million RMB in R&D for innovative materials over the next two years [32]. Profitability and Margins - Gross margin improved to 35%, up from 30% in the previous quarter, due to cost optimization strategies [32]. - The company reported a net profit margin of 12%, reflecting a 2% increase from the previous year [32]. Sustainability Initiatives - The management emphasized a focus on sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025 [32].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥704,429,941.40, representing a 19.87% increase compared to ¥587,670,923.57 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥43,026,033.76, a significant increase of 133.03% from ¥18,463,779.16 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥42,151,874.19, which is a 301.24% increase compared to ¥10,505,461.13 in the same period last year[19]. - The basic earnings per share for the first half of 2021 was ¥0.1604, up 133.14% from ¥0.0688 in the previous year[19]. - The total assets at the end of the reporting period were ¥1,577,004,170.72, reflecting a 1.03% increase from ¥1,560,928,707.30 at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were ¥937,578,953.43, which is a 4.81% increase from ¥894,552,919.67 at the end of the previous year[19]. - The company reported a net cash flow from operating activities of -¥26,104,100.43, a decrease of 136.66% compared to ¥71,199,791.94 in the same period last year[19]. - The weighted average return on net assets was 4.70%, an increase of 2.56% compared to 2.14% in the previous year[19]. Revenue Segments - The synthetic leather segment generated ¥273,114,034.59 in revenue, a significant increase of 52.39% from ¥179,215,722.68, largely due to recovery from COVID-19 impacts[45][48]. - The ultra-fine fiber segment saw revenue growth of 59.15%, reaching ¥218,686,850.07, attributed to market expansion efforts[45][48]. - PMMA segment revenue was ¥431,315,906.81, a modest increase of 5.60% from ¥408,455,200.89, indicating stable demand[45]. - Export sales increased by 55.39% to ¥68,849,210.91, recovering from previous pandemic-related declines[45][48]. Cost and Expenses - The cost of sales increased by 14.58% to ¥603,307,738.08 from ¥526,521,991.96, indicating a rise in operational costs[43]. - Research and development expenses rose by 24.31% to ¥26,403,327.42, up from ¥21,239,244.94, reflecting the company's commitment to innovation[43]. - The company reported a significant increase in financial expenses by 342.88% to ¥2,243,173.83, primarily due to foreign currency exchange rate fluctuations[43]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 665.41% to -¥153,921,930.01, mainly due to increased investments in the Chongqing project[43]. - Cash and cash equivalents decreased by 12.20% to 314,766,183.71, now representing 19.96% of total assets, primarily due to prepayments for engineering and equipment related to the Chongqing project[52]. - The net cash flow from operating activities was negative at CNY -26,104,100.43 for the first half of 2021, a decline from a positive CNY 71,199,791.94 in the first half of 2020[143]. - The company’s operational cash flow challenges may impact future investment and expansion strategies[147]. - The company is focusing on improving cash flow management to enhance financial stability moving forward[147]. Environmental Compliance - Wuxi Double Elephant Superfiber Materials Co., Ltd. reported a total emission of 1.79 tons of volatile organic compounds, which is below the approved limit of 11.665 tons[71]. - The company achieved a total nitrogen oxide emission of 15.238 tons, significantly below the regulatory limit of 32.289 tons[71]. - The chemical oxygen demand (COD) from wastewater was reported at 0.748 tons, well within the limit of 7.506 tons[71]. - The company has implemented RTO (Regenerative Thermal Oxidizer) systems for waste gas treatment, ensuring compliance with environmental standards[73]. - All production wastewater is treated and reused, with no external discharge, demonstrating a commitment to sustainable practices[73]. - The company has constructed a standard solid waste storage facility, ensuring proper handling and disposal of hazardous waste[73]. - The company has not reported any environmental pollution incidents, indicating effective management of emissions and waste[74]. Corporate Structure and Governance - The company established a wholly-owned subsidiary, Chongqing Shuangxiang Optical Materials Co., Ltd., in April 2021[104]. - The total number of ordinary shareholders at the end of the reporting period was 8,671[110]. - Jiangsu Shuangxiang Group Co., Ltd. holds 64.52% of the shares, totaling 173,045,285 shares, which are pledged[110]. - The company reported no significant guarantees, leasing situations, or entrusted financial management during the reporting period[100][101][103]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[115]. Market Position and Strategy - The company is the first domestic enterprise in China to achieve large-scale production of high-end optical-grade PMMA materials, with an annual production capacity of 80,000 tons[28]. - The artificial leather synthetic leather market in China is primarily composed of mid-to-low-end products, with high-end products like ultra-fine leather still having significant growth potential[27]. - The optical-grade PMMA materials are widely used in high-demand sectors such as LCD displays, LED lighting, and automotive applications, contributing to a substantial increase in demand[28]. - The company’s procurement strategy involves long-term supply agreements with key suppliers, ensuring stable pricing and supply[34]. - The company plans to address raw material price fluctuations by developing high-tech, high-margin products and improving internal controls to mitigate management risks[63]. Financial Reporting and Compliance - The semi-annual financial report for 2021 was not audited[122]. - The financial statements are prepared based on actual transactions and in accordance with the accounting standards issued by the Ministry of Finance[172]. - The company confirms that its financial statements comply with the requirements of accounting standards, reflecting its financial position, operating results, and cash flows accurately[175]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[173].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 324,822,391.54, representing a 39.98% increase compared to CNY 232,050,166.85 in the same period last year[7] - Net profit attributable to shareholders was CNY 20,357,187.97, a significant increase of 549.09% from CNY 3,136,285.29 year-on-year[7] - The net profit after deducting non-recurring gains and losses reached CNY 19,781,027.33, up 607.98% from a loss of CNY 3,894,078.89 in the previous year[7] - Basic earnings per share increased to CNY 0.0759, reflecting a growth of 548.72% compared to CNY 0.0117 in the same quarter last year[7] - The total profit for Q1 2021 was CNY 24,374,731.10, compared to CNY 4,203,620.31 in the same period last year[44] - The total comprehensive income for Q1 2021 was CNY 20,357,187.97, compared to CNY 3,136,285.29 in the same period last year[44] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,545,176,375.60, a decrease of 1.01% from CNY 1,560,928,707.30 at the end of the previous year[7] - The net assets attributable to shareholders increased to CNY 914,910,107.64, marking a 2.28% rise from CNY 894,552,919.67 at the end of the last year[7] - Current liabilities totaled CNY 387,719,976.05, down from CNY 423,652,320.73, showing a reduction of about 8.5%[35] - Total liabilities decreased to CNY 630,266,267.96 from CNY 666,375,787.63, representing a reduction of approximately 5.4%[35] Cash Flow - The company reported a net cash flow from operating activities of -CNY 52,677,020.12, which is a decline of 408.93% compared to -CNY 10,350,578.17 in the same period last year[7] - The company's cash flow from operating activities decreased by CNY 42,326,441.95, a decline of 408.93%, mainly due to increased procurement costs and reduced government subsidies[18] - The company reported a cash inflow from operating activities of CNY 180,728,004.96, an increase from CNY 115,858,847.50 in the previous period[50] - The company experienced a net decrease in cash and cash equivalents of -103,497,758.56 CNY, compared to -44,017,546.52 CNY in the previous period[52] Research and Development - Research and development expenses increased by CNY 4,010,676.20, a growth of 44.05%, as the company intensified its R&D investments[16] - The company reported R&D expenses of CNY 13,115,016.47 for Q1 2021, compared to CNY 9,104,340.27 in the previous year, reflecting a growth of about 44%[42] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 465,774.99 during the reporting period[8] - The company's other income decreased by CNY 6,729,774.53, a decline of 93.53%, due to reduced government subsidies compared to the previous year[16] Future Expectations - The company expects net profit for the year to be between CNY 40 million and CNY 60 million, representing a growth of 116.64% to 224.96% compared to the previous year[23]

无锡双象超纤材料股份有限公司 2020 年年度报告全文 无锡双象超纤材料股份有限公司 2020 年年度报告 2021 年 04 月 1 无锡双象超纤材料股份有限公司 2020 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。 公司负责人刘连伟、主管会计工作负责人金梅及会计机构负责人(会计主管 人员)华晓萍声明：保证本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带来的经营成本上升的风险、快速发展带来 的管理风险，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"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"。 公司经本次董事会审议通过的利润分配预案为：以 268209000 为基数，向 全体股东每 10 股派发现金红利 1.5 元（含税），送红股 0 股（含税），不以公积 金转增股本。 2 | 目录 | | -- ...

无锡双象超纤材料股份有限公司 2020 年第三季度报告全文 无锡双象超纤材料股份有限公司 2020 年第三季度报告 2020 年 10 月 1 无锡双象超纤材料股份有限公司 2020 年第三季度报告全文 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。 公司负责人刘连伟、主管会计工作负责人金梅及会计机构负责人(会计主管 人员)华晓萍声明：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 2020 年第三季度报告全文 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） | 1,598,729,392.36 | 1,328,038,766.04 | | 20.38% | | 归属于上市公司股东的净资产（元） | 8 ...

无锡双象超纤材料股份有限公司 2020 年第一季度报告全文 无锡双象超纤材料股份有限公司 2020 年第一季度报告 2020 年 04 月 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。 公司负责人唐越峰、主管会计工作负责人金梅及会计机构负责人(会计主管 人员)华晓萍声明：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 2020 年第一季度报告全文 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 1 无锡双象超纤材料股份有限公司 2020 年第一季度报告全文 □ 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） | 232,050,166.85 | 320,544,487.71 | -27.61% | | 归属于上市公司股东的净利润（元） | 3,136,285.29 | ...

无锡双象超纤材料股份有限公司 2019 年年度报告 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。 无锡双象超纤材料股份有限公司 2019 年年度报告全文 公司负责人唐越峰、主管会计工作负责人金梅及会计机构负责人(会计主管 人员)华晓萍声明：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、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、经营情况讨 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"。 2020 年 04 月 公司经本次董事会审议通过的利润分配预案为：以 178,806,000 为基数， 向全体股东每 10 股派发现金红利 0 元（含税），送红股 0 股（含税），以资本公 积金向全体股东每 10 股转增 5 股。 无锡双象超纤材料股份有限公司 2019 年年度报告全文 1 | 第一节 ...

无锡双象超纤材料股份有限公司 2019 年第三季度报告全文 无锡双象超纤材料股份有限公司 2019 年第三季度报告 2019 年 10 月 1 无锡双象超纤材料股份有限公司 2019 年第三季度报告全文 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 2019 年第三季度报告全文 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） | 1,274,118,665.29 | | 1,302,879,606.87 | -2.21% | | 归属于上市公司股东的净资产 | 846, ...

无锡双象超纤材料股份有限公司 2019 年半年度报告全文 无锡双象超纤材料股份有限公司 2019 年半年度报告 2019 年 08 月 1 无锡双象超纤材料股份有限公司 2019 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。 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 | 公司简介和主要财务指标 | 5 | | 第三节 | 公司业务概要 | 8 | | 第四节 | ...