Group 1: Company Overview - The company produces polyester industrial filament primarily used in automotive safety belts, tire cord fabric, and industrial textiles [2] - The management team has not undergone significant changes, and the existing personnel changes are not expected to negatively impact the company's short to medium-term performance [3] Group 2: Subsidiary and Product Development - The new wholly-owned subsidiary in Taizhou will focus on producing square lithium batteries and soft-pack lithium batteries, primarily for passenger cars and buses [3] - The company has already paid the first three installments to the original shareholders of Zhihang New Energy, with the final payment scheduled within five working days after the audit report is issued [3]

浙江尤夫高新纤维股份有限公司 2022 年第三季度报告 证券代码：002427 证券简称：*ST 尤夫 公告编号：2022-085 浙江尤夫高新纤维股份有限公司 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 浙江尤夫高新纤维股份有限公司 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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 591,133,378.75 | -30. ...

浙江尤夫高新纤维股份有限公司 2022 年半年度报告全文 浙江尤夫高新纤维股份有限公司 2022 年半年度报告 2022 年 8 月 1 浙江尤夫高新纤维股份有限公司 2022 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、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人杨梅方、主管会计工作负责人霍善庆及会计机构负责人(会计 主管人员)霍善庆声明：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。 公司已在本报告中详细描述可能存在的风险及应对措施，详细内容见本报 告第三节管理层讨论与分析之"十、公司面临的风险和应对措施"，请广大 投资者认真阅读！ 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 | 6 | | 第三节 管理层讨论与分析 | 9 | | 第四节 公司治理 | 22 | | 第五节 环境和社会责任 | 23 | | 第六 ...

浙江尤夫高新纤维股份有限公司 2021 年年度报告全文 浙江尤夫高新纤维股份有限公司 2021 年年度报告 2022 年 04 月 1 浙江尤夫高新纤维股份有限公司 2021 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。 公司负责人杨梅方、主管会计工作负责人霍善庆及会计机构负责人(会计主 管人员)霍善庆声明：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。 利安达会计师事务所（特殊普通合伙）为本公司出具了带持续经营重大不 确定性段落的无保留意见审计报告，本公司董事会、监事会对相关事项已有详 细说明，请投资者注意阅读。 公司已在本报告中详细描述可能存在的风险及应对措施，详细内容见本报 告第三节管理层讨论与分析之"十一、公司未来发展的展望"，请广大投资者认 真阅读！ 公司计划不派发现金红利，不送红股，不以公积金转增股本。 5 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 | 2 | | --- | ...

浙江尤夫高新纤维股份有限公司 2022 年第一季度报告全文 证券代码：002427 证券简称：ST尤夫 公告编号：2022-031 浙江尤夫高新纤维股份有限公司 2022 年第一季度报告 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.第一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 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 713,277,488.96 | 645,979,308.59 | 10.42% | | 归属于上市公司股东的净利润（元） | -176,932 ...

浙江尤夫高新纤维股份有限公司 2021 年第三季度报告 证券代码：002427 证券简称：ST 尤夫 公告编号：2021-070 浙江尤夫高新纤维股份有限公司 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 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 | 年初至报告期末 | 年初至报告期末比 | | --- | --- | --- | --- | --- | | | | 同期增减 | | 上年同期增减 | | 营业收入（元） | 847,804,367.81 | 37.78% | 2,240,733,978.41 | ...

浙江尤夫高新纤维股份有限公司 2021 年半年度报告全文 浙江尤夫高新纤维股份有限公司 2021 年半年度报告 2021 年 08 月 1 浙江尤夫高新纤维股份有限公司 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。 公司负责人杨梅方、主管会计工作负责人霍善庆及会计机构负责人(会计主 管人员)霍善庆声明：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。 公司已在本报告中详细描述可能存在的风险及应对措施，详细内容见本报 告第三节管理层讨论与分析之"十、公司面临的风险和应对措施"，请广大投资 者认真阅读！ 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 | 目录 | | --- | | 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 | 6 | | 第三节 | 管理层讨论与分析 | 9 | | 第四节 | 公司治理 | 2 ...

浙江尤夫高新纤维股份有限公司 2021 年第一季度报告全文 浙江尤夫高新纤维股份有限公司 2021 年第一季度报告 2021 年 04 月 1 浙江尤夫高新纤维股份有限公司 2021 年第一季度报告全文 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。 公司负责人杨梅方、主管会计工作负责人霍善庆及会计机构负责人(会计主 管人员)霍善庆声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江尤夫高新纤维股份有限公司 2021 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 □ 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） | 645,979,308.59 | 623,523,144.74 | 3.60% | | 归属于上市公司股东的净利润（元） | -62,4 ...

[Important Notices, Contents and Definitions](index=2&type=section&id=Section%201%20Important%20Notices%2C%20Contents%20and%20Definitions) [Important Notices](index=2&type=section&id=Important%20Notices) The board guarantees the report's accuracy, the auditor issued a qualified opinion on going concern, and no dividend is planned for 2020 - L&A CPA LLP issued an unqualified audit report with paragraphs on **material uncertainty related to going concern** and **emphasis of matter**, advising investors of the associated risks[4](index=4&type=chunk) - The company's proposed profit distribution plan for 2020 is **no cash dividends, no bonus shares, and no conversion of capital reserves into share capital**[4](index=4&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=Section%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Key Accounting Data and Financial Indicators](index=6&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) The company's performance severely declined in 2020, with a significant drop in revenue, a net loss of 751 million Yuan, and shrinking assets Key Financial Data for 2020 | Indicator | 2020 (Yuan) | 2019 (Yuan) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,446,411,662.89 | 3,084,044,798.89 | -20.68% | | Net Profit Attributable to Shareholders | -751,093,135.67 | 61,158,392.06 | -1,328.11% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -635,329,308.53 | -436,150,693.76 | 45.67% | | Net Cash Flow from Operating Activities | 215,331,599.55 | 375,275,852.13 | -42.62% | | Basic Earnings Per Share (Yuan/Share) | -1.71 | 0.15 | -1,240.00% | | Total Assets | 5,402,419,797.17 | 5,909,745,732.46 | -8.58% | | Net Assets Attributable to Shareholders | 55,869,309.31 | 807,137,963.65 | -93.08% | - The company's net profit, both before and after non-recurring items, has been **negative for the last three fiscal years**, and the latest audit report indicates uncertainty about its ability to continue as a going concern[15](index=15&type=chunk) Key Quarterly Financial Indicators for 2020 (Unit: Yuan) | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 623,523,144.74 | 693,304,246.45 | 615,329,699.85 | 514,254,571.85 | | Net Profit Attributable to Shareholders | -80,896,881.33 | -17,531,718.14 | -32,843,111.76 | -619,821,424.44 | [Company Business Summary](index=9&type=section&id=Section%203%20Company%20Business%20Summary) [Main Business](index=9&type=section&id=Main%20Business%20During%20the%20Reporting%20Period) The company's main operations are in polyester industrial yarn and lithium batteries, with a strategic investment in hydrogen fuel cells - The company operates two main business segments: **polyester industrial yarn and lithium batteries**, while also investing in the hydrogen fuel cell industry through equity participation[25](index=25&type=chunk) - The polyester industrial yarn business is a **domestic leader**, with products like industrial yarn, dipped cords, and tire cord fabric used in transportation, construction, and automotive sectors[26](index=26&type=chunk) - The lithium battery business, conducted through the acquisition of Zhixing New Energy, focuses on the design, R&D, production, and sales of **ternary power lithium batteries**[27](index=27&type=chunk) [Core Competitiveness Analysis](index=10&type=section&id=Core%20Competitiveness%20Analysis) Core strengths lie in the leading polyester industrial yarn business and hydrogen fuel cell investments, while the lithium battery segment faces challenges - The core advantages of the polyester industrial yarn business include **cost reduction through melt direct spinning technology**, a complete industry chain, strong R&D capabilities, global-leading production scale, and a mature management system[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk) - The affiliated company, Wuhan Zondy, holds nearly **170 patents** in the hydrogen fuel cell field, has participated in setting multiple national standards, and masters key technologies across the value chain[36](index=36&type=chunk)[37](index=37&type=chunk)[39](index=39&type=chunk) - Due to persistent losses in the lithium battery business, the company agreed in March 2020 to sell a **65% stake in Zhixing New Energy for 474.5 million Yuan**, but the buyer has only paid 10 million Yuan to date, causing payment delays[40](index=40&type=chunk)[41](index=41&type=chunk) [Discussion and Analysis of Operations](index=13&type=section&id=Section%204%20Discussion%20and%20Analysis%20of%20Operations) [Business Overview](index=13&type=section&id=Overview) In 2020, the company faced declining revenue and a significant net loss due to market pressures on its core polyester business - The polyester industrial yarn segment's revenue and gross margin declined due to **intensified competition, falling oil prices, the pandemic, exchange rate fluctuations, and rising shipping costs**[44](index=44&type=chunk) - The lithium battery segment's revenue increased year-over-year through a **"toll manufacturing" model**[44](index=44&type=chunk) Key Performance Indicators for 2020 | Indicator | 2020 | Y-o-Y Change | | :--- | :--- | :--- | | Total Assets | 5.402 billion Yuan | -8.58% | | Operating Revenue | 2.446 billion Yuan | -20.68% | | Net Profit Attributable to Parent | -751 million Yuan | -1,328.11% | | Earnings Per Share | -1.71 Yuan/Share | -1,240.00% | [Analysis of Main Business](index=15&type=section&id=Analysis%20of%20Main%20Business) The chemical fiber segment's revenue and margin declined, while the smaller lithium battery segment saw revenue growth and improved profitability Revenue Composition for 2020 (Unit: Yuan) | Category | 2020 Amount | % of Total Revenue | Y-o-Y Change | | :--- | :--- | :--- | :--- | | **By Industry** | | | | | Chemical Fiber Manufacturing | 2,319,117,784.27 | 94.80% | -23.12% | | Lithium Battery Industry | 127,293,878.62 | 5.20% | 89.06% | | **By Product** | | | | | Polyester Industrial Yarn | 1,887,946,491.13 | 77.17% | -27.34% | | **By Region** | | | | | Domestic Sales | 1,514,759,947.62 | 61.92% | -17.15% | | Export Sales | 931,651,715.27 | 38.08% | -25.81% | Gross Margin Changes in Main Business | Category | 2020 Gross Margin | Change from Prior Year | | :--- | :--- | :--- | | Chemical Fiber Manufacturing | 12.59% | -5.15% | | Lithium Battery Industry | 33.63% | +98.85% | | Domestic Sales | 10.20% | -7.26% | | Export Sales | 19.36% | +5.67% | - Sales volume in the lithium battery industry **increased by 34.24%** due to selling down existing inventory, while production volume **decreased by 31.28%**, leading to a **99.65% reduction in year-end inventory**[56](index=56&type=chunk) Expenses for 2020 (Unit: Yuan) | Expense Item | 2020 | 2019 | Y-o-Y Change | Reason for Significant Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 41,925,908.37 | 139,910,288.69 | -70.03% | Freight and duties reclassified to cost of sales under new accounting standards | | Finance Expenses | 563,595,450.77 | 332,826,294.07 | 69.34% | Primarily due to accrued interest on overdue loans | - Net cash flow from operating activities **decreased by 42.62%** mainly due to lower sales revenue; net cash flow from investing activities **decreased by 112.19%** mainly due to reduced performance compensation received[67](index=67&type=chunk) [Analysis of Assets and Liabilities](index=21&type=section&id=Analysis%20of%20Assets%20and%20Liabilities) Total assets decreased, with a significant drop in cash, while 857 million Yuan of assets were restricted due to frozen accounts and collateral Major Changes in Balance Sheet Items | Item | Year-End Balance (Yuan) | % of Total Assets | Change from Beginning of Year | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 194,875,235.46 | 3.61% | -50.3% | | Prepayments | 69,886,953.93 | 1.29% | +70.26% | | Construction in Progress | 410,123,185.72 | 7.59% | +18.4% | | Receivables Financing | 57,751,909.72 | 1.07% | -54.63% | - As of the end of the reporting period, a total of **857 million Yuan in assets were restricted**, including 112 million Yuan in frozen cash and 745 million Yuan in fixed assets and intangible assets pledged as collateral or seized[70](index=70&type=chunk)[71](index=71&type=chunk) [Analysis of Investment](index=22&type=section&id=Analysis%20of%20Investment) No major new investments were made, and previously raised funds are largely frozen, delaying project progress - As of the end of 2020, the company had cumulatively used 867 million Yuan of raised funds, with a remaining balance of **95.49 million Yuan**, and all dedicated fund accounts have been frozen[76](index=76&type=chunk) - In April 2021, the Huzhou Intermediate People's Court forcibly transferred **over 85 million Yuan** from the company's fundraising accounts to repay debts due to loan defaults[77](index=77&type=chunk) - The original "High-end Lightbox Advertising Materials Project" was changed, with funds reallocated to acquire a **51% stake in Zhixing New Energy (400 million Yuan)** and supplement working capital (57.3 million Yuan)[78](index=78&type=chunk)[83](index=83&type=chunk) - The "Ceiling Film Project" has only reached **70.75% completion** due to frozen fundraising accounts and failed to achieve expected benefits during its trial production phase[78](index=78&type-chunk)[80](index=80&type=chunk) [Future Outlook and Risks](index=28&type=section&id=Company's%20Future%20Development%20Outlook) The company will focus on its core polyester business and hydrogen fuel cells while facing significant market, legal, and debt risks - The company's strategy is to **solidify its leading position in polyester industrial yarn** while strategically developing the hydrogen fuel cell industry[91](index=91&type=chunk) - The 2021 business plan focuses on strengthening external cooperation, stabilizing core business operations and profitability, resolving existing lawsuits, and enhancing capital and compliance management[95](index=95&type=chunk)[96](index=96&type=chunk)[98](index=98&type=chunk) - The company faces multiple risks: - **Operational Risks**: Including market expansion, raw material price volatility, foreign exchange, human resources, environmental protection, and underperforming investment projects - **Legal Risks**: Numerous lawsuits and arbitrations have led to frozen bank accounts and seized assets, which could adversely affect operations - **Transaction Risks**: The sale of a 65% stake in Zhixing New Energy faces uncertainty due to the buyer's funding issues - **Debt Risks**: The company has substantial debt, with some creditors initiating enforcement actions; a final resolution plan has not yet been formed despite government intervention[100](index=100&type=chunk)[101](index=101&type=chunk)[102](index=102&type=chunk)[108](index=108&type=chunk)[109](index=109&type=chunk)[110](index=110&type=chunk) [Significant Matters](index=33&type=section&id=Section%205%20Significant%20Matters) [Profit Distribution](index=33&type=section&id=Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital) Due to a net loss of 751 million Yuan in 2020, the board proposes no profit distribution for the third consecutive year - The company has **not paid cash dividends for three consecutive years** (2018, 2019, 2020), and the 2020 proposal is for no dividend, bonus shares, or capital conversion[114](index=114&type=chunk)[116](index=116&type=chunk) - The primary reasons for not distributing profits are the **net losses reported in both the consolidated and parent company financial statements** for 2020 and the need to preserve working capital[120](index=120&type=chunk) [Fulfillment of Commitments](index=34&type=section&id=Fulfillment%20of%20Commitments) Most commitments were fulfilled, but the performance compensation for the Zhixing New Energy acquisition remains partially unpaid - The performance targets for Zhixing New Energy for 2016-2018 were not met, and according to the agreement, Zhou Fazhang was required to pay **1.01 billion Yuan in performance compensation**[124](index=124&type=chunk)[128](index=128&type=chunk) - The company has initiated arbitration regarding the performance compensation; while some of the compensation has been addressed through third-party payments and debt pledges, disputes and unfulfilled portions remain[128](index=128&type=chunk) [Explanation of Non-standard Audit Report](index=42&type=section&id=Explanation%20of%20Non-standard%20Audit%20Report) The board acknowledges the auditor's concerns about going concern and is taking measures to mitigate debt and operational risks - The Board of Directors acknowledges the risks identified in the audit report and has outlined corresponding measures, including: - Coordinating with government and financial institutions to resolve debt risks - Expanding the market for the polyester industrial yarn business to enhance profitability - Implementing comprehensive cost-saving and efficiency-improving initiatives - Adjusting the plan for selling Zhixing New Energy to include collateral and guarantees to secure payment[130](index=130&type=chunk)[131](index=131&type=chunk)[132](index=132&type=chunk) [Major Litigation and Arbitration](index=44&type=section&id=Major%20Litigation%20and%20Arbitration) The company is involved in numerous lawsuits over debt and contracts, leading to frozen assets and significant financial pressure - The company is a defendant in several major financial and private lending disputes involving substantial amounts, including cases with **AVIC Trust (550 million Yuan), Huarong (500 million Yuan), and Guotong Trust (250 million Yuan)**, many of which have entered the enforcement stage[138](index=138&type=chunk)[139](index=139&type=chunk) - Subsidiary Zhixing New Energy is involved in numerous sales contract disputes with suppliers (e.g., Soundon New Energy, Guangdong Jiana Energy) and customers (e.g., FAW Bus, Yantai Shuchi Bus), with most cases resulting in judgments against Zhixing[140](index=140&type=chunk)[141](index=141&type=chunk)[142](index=142&type=chunk)[143](index=143&type=chunk) - As a plaintiff, the company has initiated arbitration against Zhou Fazhang, the former shareholder of Zhixing New Energy, demanding **1.01 billion Yuan in performance compensation**[149](index=149&type=chunk) [Penalties and Rectification](index=57&type=section&id=Penalties%20and%20Rectification) The company was fined 600,000 Yuan by the CSRC for disclosure violations related to related-party transactions and guarantees - The company was issued a **warning and a 600,000 Yuan fine** by the China Securities Regulatory Commission (CSRC) for information disclosure violations, specifically the failure to disclose related-party transactions and external guarantees[152](index=152&type=chunk) [Changes in Share Capital and Shareholders](index=65&type=section&id=Section%206%20Changes%20in%20Share%20Capital%20and%20Shareholders) [Changes in Share Capital](index=65&type=section&id=Changes%20in%20Share%20Capital) Total share capital increased from 398 million to 438 million shares following a 1-for-10 bonus share issue from capital reserves - The company implemented its 2019 equity distribution plan, issuing **1 bonus share for every 10 shares held** from the capital reserve, increasing the total share capital from 398,154,658 to 437,970,123 shares[180](index=180&type=chunk) [Shareholders and Actual Controller](index=68&type=section&id=Shareholders%20and%20Actual%20Controller) The company has no actual controller, and the controlling shareholder's entire stake is pledged and frozen Top Five Shareholders | Shareholder Name | Shareholding Ratio | Shares Held at Period End | Share Status | | :--- | :--- | :--- | :--- | | Huzhou Youfu Holdings Co., Ltd. | 27.79% | 121,717,682 | Pledged/Frozen | | Shanghai Yaokuo Enterprise Management Center (LP) | 17.13% | 75,030,285 | - | | Jiayuan Co., Ltd. | 7.22% | 31,625,880 | Pledged | | Zhongrong International Trust Co., Ltd. - Zhengying No. 130 | 6.99% | 30,613,000 | - | | Huaxin International Trust Co., Ltd. - Huaxin Trust Xinhui No. 2 | 4.22% | 18,497,204 | - | - The controlling shareholder, Huzhou Youfu Holdings Co., Ltd., has had its entire holding of **121.7 million shares pledged and judicially frozen**[187](index=187&type=chunk) - The company has **no actual controller** as the ultimate controlling entity, Shandong Aerospace Yunfan Capital Management Co., Ltd., has a dispersed shareholding structure with no single shareholder able to exert control[192](index=192&type=chunk) [Financial Report](index=91&type=section&id=Section%2012%20Financial%20Report) [Audit Report](index=91&type=section&id=Audit%20Report) The auditor issued an unqualified opinion with emphasis on material uncertainty related to going concern due to overdue debts - **Audit Opinion Type**: **Unqualified opinion with an emphasis of matter paragraph**[258](index=258&type=chunk) - **Material Uncertainty Related to Going Concern**: As of year-end 2020, the company had **1.068 billion Yuan in overdue loan principal**, and some assets were judicially frozen, indicating the existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern[256](index=256&type=chunk) - **Emphasis of Matter**: The report draws attention to the fact that the buyer of the **65% stake in Zhixing New Energy has failed to make payments as scheduled**, which may impact the company[257](index=257&type=chunk) - **Key Audit Matters**: 1. **Revenue Recognition**: Due to its significance as a key performance indicator and the inherent risk of management override 2. **Litigation Matters**: Due to the material amount of accrued default interest and penalties totaling **345 million Yuan**[259](index=259&type=chunk)[260](index=260&type=chunk) [Financial Statement Summary](index=94&type=section&id=Financial%20Statements) The company's financial position weakened significantly, with total liabilities nearly equaling total assets and a net loss of 751 million Yuan Key Items from Consolidated Balance Sheet (Unit: Yuan) | Item | Dec 31, 2020 | Dec 31, 2019 | | :--- | :--- | :--- | | Total Assets | 5,402,419,797.17 | 5,909,745,732.46 | | Total Liabilities | 5,346,454,395.00 | 5,102,662,219.32 | | Short-term Borrowings | 1,600,490,575.87 | 1,888,532,899.59 | | Long-term Borrowings | 1,275,000,000.00 | 623,494,368.97 | | Total Equity Attributable to Parent Company | 55,869,309.31 | 807,137,963.65 | Key Items from Consolidated Income Statement (Unit: Yuan) | Item | 2020 | 2019 | | :--- | :--- | :--- | | Total Operating Revenue | 2,446,411,662.89 | 3,084,044,798.89 | | Total Operating Costs | 3,022,239,778.94 | 3,425,524,995.60 | | Of which: Finance Expenses | 563,595,450.77 | 332,826,294.07 | | Total Profit | -771,731,999.81 | 109,467,145.62 | | Net Profit Attributable to Parent Company Shareholders | -751,093,135.67 | 61,158,392.06 | Key Items from Consolidated Cash Flow Statement (Unit: Yuan) | Item | 2020 | 2019 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 215,331,599.55 | 375,275,852.13 | | Net Cash Flow from Investing Activities | -23,380,452.14 | 191,857,024.86 | | Net Cash Flow from Financing Activities | -348,559,308.67 | -686,295,485.93 | | Net Increase in Cash and Cash Equivalents | -161,545,950.69 | -115,599,891.49 |

浙江尤夫高新纤维股份有限公司 2020 年第三季度报告全文 浙江尤夫高新纤维股份有限公司 2020 年第三季度报告 2020 年 10 月 1 浙江尤夫高新纤维股份有限公司 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。 公司负责人杨梅方、主管会计工作负责人霍善庆及会计机构负责人(会计主 管人员)霍善庆声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江尤夫高新纤维股份有限公司 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） | 5,774,194,838.28 | | 5,909,745,732.46 | -2.29% | | 归属于上市公 ...