浙江闰土股份有限公司 2021 年第三季度报告 证券代码：002440 证券简称：闰土股份 公告编号：2021-045 浙江闰土股份有限公司 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------------|--------------------------|----------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,755,374,101.41, representing a 21.64% increase compared to CNY 2,265,268,848.03 in the same period last year[32]. - The net profit attributable to shareholders of the listed company was CNY 400,703,053.36, a 6.75% increase from CNY 375,356,836.46 in the previous year[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 307,076,347.98, showing a significant increase of 61.70% compared to CNY 189,904,049.31 last year[32]. - The operating profit reached 517.49 million yuan, reflecting a year-on-year growth of 14.61%[43]. - The basic earnings per share increased by 6.06% to CNY 0.35, compared to CNY 0.33 in the same period last year[32]. - The diluted earnings per share also increased by 6.06% to CNY 0.35, consistent with the basic earnings per share[32]. - The weighted average return on net assets was 4.43%, slightly up from 4.28% in the previous year[32]. Cash Flow and Assets - The net cash flow from operating activities decreased by 53.15%, amounting to CNY 569,606,122.73, down from CNY 1,215,756,907.13 in the previous year[32]. - The total assets at the end of the reporting period were CNY 11,117,235,025.65, a decrease of 2.09% from CNY 11,354,172,670.91 at the end of the previous year[32]. - The net assets attributable to shareholders of the listed company were CNY 9,020,746,729.14, down 1.44% from CNY 9,152,853,542.48 at the end of the previous year[32]. - The company's cash and cash equivalents decreased by 140.61% to -¥407,847,245.98, reflecting a significant reduction in government subsidies received[51]. - The total current assets as of June 30, 2021, amounted to CNY 5,627,751,853.22, a decrease from CNY 6,232,264,668.44 at the end of 2020, reflecting a decline of approximately 9.7%[192]. - Non-current assets totaled CNY 5,489,483,172.43, up from CNY 5,121,908,002.47, reflecting an increase of approximately 7.2%[194]. Investments and R&D - R&D investment for the reporting period amounted to 111.42 million yuan, with 4 invention patents and 2 utility model patents applied for[49]. - Research and development investment increased significantly by 98.17% to ¥111,421,283.59, recovering from a decrease in the previous year due to COVID-19 impacts[51]. - The company has received a total of 258 authorized invention patents and 21 utility model patents as of the end of the reporting period[49]. Market Position and Strategy - The company maintains a strong market position, ranking among the top two in the domestic dye market share[43]. - The company has implemented a "backward integration" strategy, enhancing its supply chain and reducing production costs[48]. - The company plans to closely monitor macroeconomic trends and adjust its development strategies accordingly to mitigate risks associated with industry policies and market fluctuations[7]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[93]. - The company has implemented measures to ensure that all emissions are within the regulatory limits, demonstrating a commitment to environmental compliance[100]. - The company has established a wastewater treatment facility with a capacity of 5,000 tons/day, utilizing advanced treatment processes to ensure compliance before discharge into the park's wastewater treatment plant[103]. - The company achieved a total COD discharge of 39.364 tons and ammonia nitrogen discharge of 0.641 tons, both within the permitted limits[93]. Shareholder and Governance - The company has established a robust corporate governance structure to protect the rights of shareholders and creditors, ensuring timely and accurate information disclosure[110]. - The company has not distributed cash dividends or issued bonus shares for the reporting period[88]. - The company repurchased a total of 26,500,095 shares from 2020 to 2021, with a total expenditure of approximately 255 million yuan[110]. - The company’s major shareholders include Zhang Aijuan with 192,454,893 shares (16.73%) and Ruan Jingbo with 181,331,054 shares (15.76%) as of the report date[168]. Legal and Regulatory Matters - The semi-annual financial report was not audited[118]. - There were no major litigation or arbitration matters during the reporting period[120]. - The company faced administrative penalties totaling RMB 49,000 and RMB 39,000 for safety violations by Jiacheng Chemical[124]. - The company has actively taken corrective measures to address the issues identified by the regulatory authority[124].

证券代码：002440 证券简称：闰土股份 公告编号：2021-027 浙江闰土股份有限公司 关于举办 2020 年度网上业绩说明会暨参加浙江辖区 上市公司投资者网上集体接待日主题活动的公告 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。 为进一步加强与投资者的沟通交流，浙江闰土股份有限公司（以下简称"公 司"）定于 2021 年 5 月 13 日（星期四）下午 15:00-17:00 在全景网举办 2020 年 度业绩说明会暨参加由浙江证监局指导、浙江上市公司协会与深圳市全景网络有 限公司共同举办的浙江辖区上市公司投资者网上集体接待日主题活动，现将有关 事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台举行，投资者可登 录"全景•路演天下"（http://rs.p5w.net）参与本次活动。 出席本次活动的人员有：总经理徐万福先生、财务总监周成余先生、董事会 秘书刘波平先生，具体以当天实际参会人员为准。 欢迎广大投资者积极参与。 特此公告。 | --- | --- | --- | --- | |-------|-------|-------| ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,416,761,800.01, representing a 23.92% increase compared to ¥1,143,295,829.45 in the same period last year[10] - Net profit attributable to shareholders was ¥176,455,249.39, a decrease of 23.40% from ¥230,368,577.42 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥131,611,719.49, showing a significant increase of 133.44% compared to ¥56,378,882.31 in the previous year[10] - Basic earnings per share decreased by 25.00% to ¥0.15 from ¥0.20 year-on-year[10] - The company reported a net profit of approximately ¥6.39 billion in retained earnings, an increase from ¥6.21 billion[59] - Total operating revenue for the current period reached ¥1,416,761,800.01, an increase of 23.9% compared to ¥1,143,295,829.45 in the previous period[68] - Net profit for the current period was ¥171,491,445.85, a decrease of 23.2% from ¥223,008,268.00 in the previous period[74] - The total comprehensive income attributable to the parent company is CNY 177,591,773.64, compared to CNY 230,938,419.07 in the previous period, reflecting a decrease of 23.1%[77] Cash Flow and Liquidity - The net cash flow from operating activities was ¥57,752,462.09, down 88.90% from ¥520,197,091.61 in the same period last year[10] - The company’s cash outflow from operating activities increased by 94.22% to 985,494,855.09 from 507,422,001.00 primarily due to higher cash payments for raw materials and taxes[26] - Cash and cash equivalents decreased by 30.46% to 1,435,741,579.44 from 2,064,637,158.63 due to repayment of short-term bank loans[23] - The company reported a net decrease in cash and cash equivalents of -586,642,305.09, contrasting with an increase of 310,351,180.14 in the previous period[96] - The ending balance of cash and cash equivalents was 1,016,475,953.39, an increase from 542,112,971.97 in the previous period[96] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,018,881,069.67, a decrease of 2.95% from ¥11,354,172,670.91 at the end of the previous year[10] - Total liabilities decreased significantly with short-term borrowings dropping to 0.00 from 370,302,222.22, reflecting repayment of bank loans[23] - Current liabilities decreased to approximately ¥1.31 billion, down by 24.87% from ¥1.75 billion[56] - Total liabilities decreased to ¥1,183,151,428.74 from ¥1,275,747,352.78, a decline of about 7.3%[66] - The total equity attributable to shareholders increased to approximately ¥9.26 billion, up by 1.15% from ¥9.15 billion[59] Research and Development - Research and development expenses rose by 68.39% to 40,284,044.94 from 23,922,990.38 as R&D investments returned to normal levels after a decrease due to COVID-19 impacts last year[23] - Research and development expenses rose to ¥40,284,044.94, compared to ¥23,922,990.38 in the previous period, marking an increase of 68.3%[71] - The company reported investment income of ¥22,536,657.28, up from ¥13,323,950.61, representing a growth of 69.0%[71] Shareholder Activities - The company repurchased a total of 12,750,000 shares, accounting for 1.1082% of the total share capital, with a total expenditure of approximately RMB 122.32 million[31] - The maximum transaction price during the share repurchase was RMB 9.95 per share, while the minimum was RMB 9.15 per share[31] - The company plans to use its own funds to repurchase shares for employee stock ownership plans, with a total repurchase fund not less than RMB 200 million and not exceeding RMB 400 million[31] Government and Regulatory - The company reported government subsidies of ¥53,099,847.01 during the reporting period[10] - The company reported a 192.13% increase in taxes and surcharges to 15,328,104.11 from 5,246,995.19 due to higher payable additional taxes compared to the same period last year[23] - There were no overdue amounts or uncollected funds from entrusted financial management during the reporting period[40] - There were no violations of external guarantees during the reporting period[43] - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[44] Investment Activities - The company has invested 3,800,000 RMB in a healthcare-focused venture capital fund through its wholly-owned subsidiary, indicating a strategic move into the healthcare sector[30] - The company’s major financial investments include RMB 68 million in bank wealth management products and RMB 3 million in securities firm wealth management products, totaling RMB 71 million[40]

Financial Performance - The company's operating revenue for 2020 was ¥5,228,130,173.91, a decrease of 19.73% compared to ¥6,513,168,920.40 in 2019[32]. - The net profit attributable to shareholders for 2020 was ¥788,176,752.31, down 42.47% from ¥1,369,965,968.02 in 2019[32]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥556,262,543.48, a decline of 48.26% from ¥1,075,108,188.82 in 2019[32]. - The net cash flow from operating activities was ¥1,547,847,445.81, a decrease of 15.86% compared to ¥1,839,697,241.26 in 2019[32]. - The total assets at the end of 2020 were ¥11,354,172,670.91, an increase of 4.06% from ¥10,910,713,769.79 at the end of 2019[32]. - The net assets attributable to shareholders at the end of 2020 were ¥9,152,853,542.48, up 4.30% from ¥8,775,344,168.56 at the end of 2019[32]. - The basic earnings per share for 2020 was ¥0.69, down 42.02% from ¥1.19 in 2019[32]. - The weighted average return on equity for 2020 was 8.81%, a decrease of 7.65% from 16.46% in 2019[32]. - The company reported a total of ¥261,577,742.68 in government subsidies related to its business for 2020[38]. - The company's operating profit was ¥920,483,000.65, down 41.32% year-on-year, and net profit attributable to shareholders was ¥788,176,752.31, a decrease of 42.47%[66]. - The total sales of dyes for the year reached 163,000 tons, representing a year-on-year decline of 2.98%[67]. Investment and R&D - The company invested 196.63 million yuan in R&D during the reporting period, applying for 28 invention patents and obtaining 27 authorized invention patents[61]. - The company’s R&D projects included 70 initiatives, with 32 completed, focusing on environmentally friendly dyes and production processes[102]. - The company's R&D investment in 2020 was ¥196,627,205.23, which is a decrease of 14.70% compared to ¥230,508,318.21 in 2019[105]. - The number of R&D personnel increased by 17.19% from 768 in 2019 to 900 in 2020, with R&D personnel accounting for 17.56% of the total workforce[105]. Safety and Environmental Management - The company emphasizes the importance of safety in production and will continue to invest in safety management practices, including the adoption of advanced safety management methods from Australia[10]. - The company will focus on maintaining a good safety environment and enhancing grassroots safety supervision to ensure safe production practices[10]. - The company will increase its investment in environmental protection in response to the new Environmental Protection Law, which may affect upstream raw material suppliers[11]. - The company aims to control costs and adjust procurement and sales strategies in response to market fluctuations caused by stringent environmental regulations[12]. - The company emphasizes environmental protection, aiming for a reduction in waste and a commitment to green and safe production practices[138]. - Safety and environmental management are prioritized, with ongoing investments in safety production and adherence to advanced safety management methods[146]. Market and Strategic Positioning - The company has a strong market position, with approximately 70% of the world's dye production occurring in China, where Zhejiang Runtu is among the top dye manufacturers[137]. - The company will enhance its market sales strategy to balance production and sales effectively, ensuring timely collection of accounts receivable[141]. - The company will closely monitor macroeconomic trends and adjust its development strategies in response to changes in national industrial policies that impact the textile dyeing industry[7]. - The company acknowledges the ongoing risks posed by the COVID-19 pandemic and will actively assess its impact on the industry chain to mitigate adverse effects on operations[13]. - The company is aware of risks related to macroeconomic changes and will adjust its strategies accordingly to mitigate these risks[145]. Profit Distribution and Dividends - The company plans to distribute a cash dividend of 3.5 RMB per 10 shares (including tax) based on a total share base of 1,128,131,505 shares after accounting for share repurchases[16]. - The company distributed cash dividends of RMB 394,846,026.75 for the fiscal year 2020, which is 50.10% of the net profit attributable to ordinary shareholders[160]. - The cash dividend per 10 shares for 2020 was set at RMB 3.5, based on a total share capital of 1,150,500,000 shares, excluding 22,368,495 shares held in the repurchase account[161]. - The total distributable profit for the company as of December 31, 2020, was RMB 3,394,530,160.04[161]. - The company has maintained a clear and transparent cash dividend policy, ensuring that minority shareholders have the opportunity to express their opinions[161]. Operational Efficiency - The company focused on enhancing management efficiency and cost reduction through various operational reforms[70]. - The company has implemented significant technological upgrades, improving production efficiency and reducing costs through projects like the continuous production of nitrosylsulfuric acid[68]. - The company has a self-built 30MW cogeneration project, which helps reduce overall electricity costs[83]. - The company maintained a stable production process with no significant changes in major energy types during the reporting period[73]. Compliance and Risk Management - The company is actively renewing necessary permits and licenses for production operations, ensuring compliance with regulatory requirements[80]. - The company has established a derivative trading management system to mitigate risks associated with financial derivatives[126]. - The company’s risk management measures include careful selection of trading partners and adherence to established trading principles[126]. - The company did not experience any major litigation or arbitration matters during the reporting period[173]. - The company maintained a good credit status with no significant debts due that were unpaid during the reporting period[178].

Financial Performance - Operating revenue for the reporting period was ¥1,388,940,382.27, down 24.51% year-on-year [10]. - Net profit attributable to shareholders was ¥181,430,424.68, a decrease of 27.44% compared to the same period last year [10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥179,037,783.83, down 28.02% year-on-year [10]. - Basic earnings per share were ¥0.16, a decrease of 27.27% compared to the same period last year [10]. - The weighted average return on net assets was 2.05%, down 0.99% year-on-year [10]. - The company reported a 38.42% decrease in operating profit to ¥668,964,741.95 from ¥1,086,401,065.30, driven by lower sales revenue and gross margin [24]. - The company’s total revenue for the current period is ¥3,654,209,230.30, a decrease from ¥5,107,988,673.38 in the previous period [96]. - The total operating costs for the current period are ¥3,234,117,772.89, down from ¥4,000,457,278.93 in the previous period, indicating a reduction of 19.2% [96]. - The company reported a profit before tax of ¥214,374,123.54, compared to ¥321,269,640.17 in the previous period, a decrease of 33.3% [84]. - The net profit for the current period is ¥174,870,666.76, down 27.5% from ¥240,998,016.27 in the previous period [84]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥10,899,987,804.09, a decrease of 0.10% compared to the end of the previous year [10]. - Total liabilities increased by 185.01% to ¥165,522,397.97 from ¥58,075,566.62, mainly due to new long-term borrowings [24]. - The company's total assets as of September 30, 2020, were ¥10,899,987,804.09, slightly down from ¥10,910,713,769.79 at the end of 2019, showing a decrease of about 0.1% [63]. - Total liabilities amounted to CNY 1,729,045,813.28, compared to CNY 933,359,237.25 in the previous year [76]. - The company reported total liabilities of CNY 1,916,788,124.72, with current liabilities at CNY 1,858,712,558.10 [130]. - The company’s total liabilities to total assets ratio is approximately 17.55% [130]. Cash Flow - Cash flow from operating activities was ¥316,435,377.31, a decrease of 9.06% compared to the same period last year [10]. - Cash inflow from investment activities totaled ¥1,540,761,729.39, up 19.2% from ¥1,293,039,295.14 in the previous period [116]. - The net cash flow from investment activities is -¥6,592,719.72, an improvement from -¥821,482,971.40 in the previous period [116]. - The total net increase in cash and cash equivalents is ¥1,176,896,869.53, significantly higher than ¥248,539,617.38 in the previous period [119]. - The ending balance of cash and cash equivalents is ¥2,162,643,999.56, compared to ¥749,758,640.45 in the previous period, indicating a substantial increase [119]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,310 [14]. - The top ten shareholders held a combined 47.01% of the company's shares [14]. - The company initiated a share repurchase plan with a total fund of no less than 200 million RMB and no more than 400 million RMB, with a maximum price of 13.90 RMB per share [31]. - As of September 30, 2020, the company repurchased 1.5 million shares, accounting for 0.1304% of the total share capital, at an average price of approximately 9.82 RMB per share [31]. Government Subsidies and Other Income - The company reported government subsidies amounting to ¥213,541,995.74 during the reporting period [10]. - Other income surged by 2947.67% to ¥190,678,098.66 compared to ¥6,256,526.48, primarily from government subsidies received [27]. - The company recorded other income of 172,761,302.46 CNY, compared to 1,591,021.92 CNY in the previous period, reflecting a substantial increase [107]. Investment and Financial Management - The company has engaged in foreign exchange forward contracts with an initial investment amount of 0 RMB, with a reportable profit of 20.41 million RMB during the reporting period [36]. - The fair value change of foreign exchange forward contracts purchased during the reporting period resulted in a gain of CNY 204,084.95 [39]. - The total amount of entrusted financial management reached CNY 86,946.96 million, with an unexpired balance of CNY 34,390 million [43]. - The company has invested CNY 81,500 million in bank financial products, CNY 3,000 million in broker financial products, and CNY 2,446.96 million in trust financial products [43]. - The annualized return rate for the trust financial product is projected at 8.20% [43]. Research and Development - Research and development expenses for Q3 2020 were CNY 66,837,445.32, compared to CNY 62,698,719.99 in the same period last year [81]. - The company’s research and development expenses for the current period are ¥25,935,621.75, slightly down from ¥27,451,538.90 in the previous period [89]. Risk Management - The company has established a "Derivative Trading Management System" to regulate derivative trading operations and control risks effectively [39]. - The independent directors support the company's engagement in financial derivatives trading to enhance financial stability and mitigate risks [39]. - The company has implemented risk management measures to ensure that derivative trading aligns with operational needs and does not harm shareholder interests [39].

COVID-19 Impact - The company reported a significant impact from the COVID-19 pandemic, leading to uncertainties in the macroeconomic environment and the dye industry, prompting proactive measures to mitigate adverse effects[13]. - The company has established a joint prevention and control command for COVID-19 to ensure effective resumption of work and production during the pandemic[13]. - The company will continue to assess the impact of the pandemic on its supply chain and operational performance, adapting strategies as necessary[13]. - The company reported a significant decrease in sales revenue from dyes, which amounted to ¥1,728,437,989.08, down 35.30% year-on-year[56]. - The company invested ¥56,225,321.68 in R&D, a decrease of 45.46% year-on-year, primarily due to delays in multiple R&D projects caused by the pandemic[53]. Financial Performance - The company's operating revenue for the reporting period was ¥2,265,268,848.03, a decrease of 30.69% compared to the same period last year[28]. - The net profit attributable to shareholders was ¥375,356,836.46, down 54.64% year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥189,904,049.31, a decline of 69.69% compared to the previous year[28]. - The basic and diluted earnings per share were both ¥0.33, representing a decrease of 54.17% from the same period last year[28]. - The weighted average return on equity was 4.28%, down 5.94% from the previous year[28]. - Total assets at the end of the reporting period were ¥10,627,652,538.81, a decrease of 2.59% from the end of the previous year[28]. - The company's cash flow from operating activities was ¥1,215,756,907.13, a slight decrease of 0.36% year-on-year[28]. - The company reported a 93.15% increase in cash and cash equivalents compared to the beginning of the period, primarily due to the collection of bank acceptance bills[40]. - The company achieved a total revenue of ¥2,265,268,848.03, a decrease of 30.69% year-on-year due to the impact of COVID-19 on downstream textile dyeing enterprises[52]. - The operating profit was ¥451,544,226.61, down 40.53% year-on-year, while the net profit attributable to shareholders was ¥375,356,836.46, a decline of 54.64%[52]. Investment and R&D - The company plans to increase investment in safety and environmental protection, adhering to the principles of "safety, environmental protection, and efficiency" to enhance production safety[8]. - The company has been focusing on "backward integration" strategies and increasing investments in environmental upgrades and R&D to improve production processes and promote new product development[38]. - The company has applied for 13 invention patents and 1 utility model patent during the reporting period, with a total of 229 authorized invention patents[45]. - The company has established a special working group for risk assessment and management of derivative trading[78]. Environmental Compliance - The company is committed to enhancing its environmental management and increasing investment in compliance with the new Environmental Protection Law[9]. - The company has established a command center for epidemic prevention and control to minimize the impact of COVID-19 on operations[92]. - The company has achieved compliance with the discharge standards for NOX and SO2 emissions[141]. - The company has implemented measures to ensure that all emissions meet the required environmental standards, demonstrating a commitment to sustainable operations[152]. - The company has established five sets of MVR devices with a total treatment capacity of 275 tons per hour, aimed at resource recovery from low-concentration acid wastewater and saline wastewater[152]. - The company’s wastewater treatment facilities are designed to ensure compliance with the "Integrated Wastewater Discharge Standard" (GB8978-1996) and other relevant regulations[152]. - The company has achieved compliance with hazardous waste storage and disposal regulations, ensuring proper management of hazardous waste[157]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental protection authorities[157]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,360, with 10 shareholders holding more than 5% of shares[172]. - The largest shareholder, Zhang Aijuan, holds 16.73% of shares, totaling 192,454,893 shares[176]. - The second-largest shareholder, Ruan Jingbo, holds 15.76% of shares, totaling 181,331,054 shares[176]. - The total number of restricted shares at the beginning of the period was 200,652,988, with no shares released or added during the period[171]. - The company did not conduct any repurchase transactions during the reporting period[182]. - There were no changes in the controlling shareholder or actual controller during the reporting period[183]. Risk Management - The company has established a derivative trading management system to effectively regulate trading behavior and control risks[78]. - The company only engages in foreign exchange and interest rate-related derivatives to mitigate operational risks[78]. - The company has a future outlook that includes potential risks related to the recovery of entrusted financial management principal[135].

证券代码：002440 证券简称：闰土股份 公告编号：2020-020 浙江闰土股份有限公司 关于举办 2019 年度业绩说明会暨参加浙江辖区上市 公司投资者网上集体接待日活动的公告 本公司及其董事、监事、高级管理人员保证公告内容真实、准确和完整，公 告不存在虚假记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的沟通交流，浙江闰土股份有限公司（以下简称"公 司"）定于 2020 年 5 月 15 日（星期五）下午 15:00-17:00 在全景网举办 2019 年 度业绩说明会暨参加由浙江证监局指导、浙江上市公司协会与深圳市全景网络有 限公司共同举办的"凝心聚力、共克时艰"辖区上市公司投资者网上集体接待日 主题活动，现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的网上平台举行，投资者可登 录"全景•路演天下"（http://rs.p5w.net）参与本次活动。 出席本次活动的人员有：董事长阮静波女士、独立董事张益民先生、财务总 监周成余先生、董事会秘书刘波平先生。 欢迎广大投资者积极参与。 特此公告。 | --- | --- | --- | |-------|-------|------ ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,143,295,829.45, a decrease of 36.55% compared to ¥1,801,783,493.87 in the same period last year[10] - Net profit attributable to shareholders was ¥230,368,577.42, down 11.54% from ¥260,420,252.16 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥56,378,882.31, a significant decline of 78.69% from ¥264,582,310.37 in the previous year[10] - Basic earnings per share were ¥0.20, down 13.04% from ¥0.23 in the same period last year[10] - Diluted earnings per share were also ¥0.20, reflecting the same decline of 13.04% compared to the previous year[10] - The weighted average return on equity was 2.59%, down from 3.22% in the same period last year[10] - Total operating revenue for the current period was ¥478,915,165.38, a decrease of 35.2% compared to ¥739,319,569.81 in the previous period[72] - Operating profit for the current period was ¥249,860,445.29, down 20.6% from ¥314,551,330.02 in the previous period[67] - Net profit for the current period was ¥223,008,268.00, a decrease of 12.3% compared to ¥254,158,709.36 in the previous period[67] - Total comprehensive income for the current period was ¥223,646,417.42, compared to ¥254,893,656.25 in the previous period[71] Cash Flow and Liquidity - The net cash flow from operating activities increased by 42.37% to ¥520,197,091.61, compared to ¥365,384,005.53 in the same period last year[10] - Cash received from investment activities rose by 47.26% to ¥702,285,552.90, due to increased redemption of financial products[27] - Cash inflows from operating activities totaled CNY 1,027.6 million, up from CNY 902.1 million in the previous period, showing a strong operational performance[83] - The net cash flow from operating activities was CNY 520.2 million, compared to CNY 365.4 million in the prior year, representing a growth of 42.5%[83] - Cash inflows from investment activities amounted to CNY 702.3 million, significantly higher than CNY 476.9 million in the previous period[83] - The ending cash and cash equivalents balance was CNY 1,202.2 million, up from CNY 734.0 million in the previous period, reflecting a strong liquidity position[85] - The company reported a significant increase in cash received from investment recoveries, totaling CNY 654 million, compared to CNY 205 million in the prior year[89] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,568,276,443.18, a decrease of 3.14% from ¥10,910,713,769.79 at the end of the previous year[10] - Total current liabilities decreased by 30.34% to ¥1,294,796,596.97, mainly due to repayments of short-term loans and reduced employee compensation[24] - The total current assets decreased to ¥6,000,957,787.45 from ¥6,227,537,000.75, reflecting a decline of about 3.6%[45] - The company's accounts receivable decreased to ¥1,026,317,005.66 from ¥1,103,742,183.42, a reduction of approximately 7%[45] - The inventory value decreased to ¥1,283,454,377.21 from ¥1,369,542,968.06, indicating a decline of about 6.3%[45] - The total liabilities decreased to CNY 791,841,017.12 from CNY 933,359,237.25, reflecting a reduction of approximately 15.1%[61] - The total equity attributable to the owners of the parent company increased to CNY 5,993,019,952.43 from CNY 5,771,219,782.63, representing a growth of about 3.8%[61] Government Support and Subsidies - The company received government subsidies amounting to ¥199,136,162.78 during the reporting period[10] - Other income surged by 15,419.03% to ¥172,719,430.95, mainly from government subsidies received[24] Research and Development - R&D expenses decreased by 47.46% to ¥23,922,990.38, reflecting reduced investment due to the pandemic[24] - Research and development expenses decreased to ¥23,922,990.38, down 47.5% from ¥45,535,828.93 in the previous period[67] Compliance and Governance - The company reported no derivative investments during the reporting period[38] - There were no instances of non-compliance with external guarantees during the reporting period[39] - The company did not engage in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[40] Production and Operations - The company is preparing for the resumption of production at its subsidiaries following government inspections and approvals[28]

Financial Performance - The company's operating revenue for 2019 was ¥6,513,168,920.40, representing a 0.76% increase compared to ¥6,464,083,529.68 in 2018[29]. - The net profit attributable to shareholders for 2019 was ¥1,369,965,968.02, which is a 4.34% increase from ¥1,313,034,857.31 in 2018[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 12.73% to ¥1,075,108,188.82 from ¥1,231,971,899.71 in 2018[29]. - The net cash flow from operating activities increased by 50.00% to ¥1,839,697,241.26 from ¥1,226,450,769.95 in 2018[29]. - The total assets at the end of 2019 were ¥10,910,713,769.79, an increase of 8.34% from ¥10,070,730,135.98 at the end of 2018[29]. - The net assets attributable to shareholders at the end of 2019 were ¥8,775,344,168.56, reflecting a 10.16% increase from ¥7,966,086,891.47 at the end of 2018[29]. - The basic earnings per share for 2019 was ¥1.19, up 4.39% from ¥1.14 in 2018[29]. - The diluted earnings per share for 2019 was also ¥1.19, showing a 4.39% increase from ¥1.14 in 2018[29]. - The weighted average return on equity for 2019 was 16.46%, down from 17.61% in 2018, a decrease of 1.15%[29]. - The company achieved operating revenue of CNY 6,513,168,920.40, a year-on-year increase of 0.76%[55]. - The operating profit reached CNY 1,568,559,806.26, reflecting a year-on-year growth of 5.34%[55]. - The company’s sales in the domestic market were ¥5,792,201,642.36, accounting for 88.93% of total sales, while international sales increased by 10.02% to ¥720,967,278.04[67]. Cash Dividends - The company reported a profit distribution plan to distribute cash dividends of 3.5 RMB per 10 shares (tax included) based on 1,150,500,000 shares[13]. - The cash dividend amount represents 29.39% of the net profit attributable to ordinary shareholders for 2019, which is RMB 1,369,965,968.02[140]. - Over the past three years, the company has distributed cash dividends of RMB 345,150,000.00 in 2017, RMB 575,250,000.00 in 2018, and RMB 402,675,000.00 in 2019[140]. - The total distributable profit available to the company for 2019 is RMB 2,793,564,531.43 after accounting for the legal surplus reserve and previous undistributed profits[143]. - The company has not proposed any stock bonus or capital reserve transfer for the fiscal year 2019[143]. - The cash dividend policy is in compliance with the company's articles of association and has been communicated effectively to shareholders, ensuring their rights are protected[141]. - The company has maintained a consistent cash dividend distribution strategy over the past three years, with clear standards and procedures in place[141]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding profit distribution[141]. Research and Development - The company invested CNY 231 million in R&D during the reporting period, applying for 26 invention patents and 4 utility model patents[49]. - The company applied for 26 invention patents and 4 utility model patents in 2019, with 18 patents granted[58]. - The total R&D investment for 2019 was 230,508,318.21 CNY, accounting for 3.54% of the annual revenue[81]. - The company completed 25 out of 61 R&D projects in 2019, focusing on high-performance dyes and green production processes[80]. - The company plans to enhance R&D investment and focus on new product development and technology upgrades to improve competitiveness[115]. - The company is committed to enhancing its research and development of key intermediates to ensure the integrity of its industrial chain[118]. Environmental and Safety Measures - The company emphasizes the importance of safety production and plans to increase investment in safety measures, adopting advanced safety management methods[8]. - The company plans to enhance its environmental management and increase investment in response to stricter environmental regulations[9]. - The company recognizes the potential volatility in product prices due to environmental and safety regulations affecting upstream suppliers[12]. - The company is responding to stricter environmental regulations by upgrading production equipment and increasing investment in environmental technology[114]. - The company aims to achieve green and safe production goals by increasing environmental investments and reducing waste[115]. - The company emphasizes strengthening safety and environmental protection, aiming to eliminate major risks through enhanced management and investment in clean technology[120]. Market Strategy and Operations - The company will closely monitor macroeconomic trends and adjust its development strategies in response to changes in national industrial policies[7]. - The company aims to control costs and adjust procurement and sales strategies to mitigate market risks associated with raw material supply fluctuations[12]. - The company will focus on maintaining a stable supply of raw materials while adapting to market trends[11]. - The company is focusing on maintaining its market share in the dye industry amidst the impacts of the COVID-19 pandemic[119]. - The company plans to actively expand its market presence, focusing on maintaining market share and balancing production and sales to minimize costs amid challenging economic conditions[121]. - Key technological upgrades are underway to improve production processes and efficiency, particularly in the continuous production of disperse dyes, which will lower production costs[122]. COVID-19 Impact - The company acknowledges the impact of the COVID-19 pandemic on the global economy and has established a command center to manage pandemic-related challenges[13]. - The company will continue to assess the impact of the pandemic on its supply chain and operational performance[13]. - The company is adapting to the ongoing impacts of the COVID-19 pandemic, implementing measures to minimize disruptions to operations and the supply chain[129]. Financial Management and Investments - The company has made significant equity investments in private equity funds, with a total investment of ¥30,000,000.00 in Hangzhou Aopu Investment Partnership[100]. - The company has invested a total of 84 million in entrusted financial management, with 63 million in bank financial products, 16 million in broker financial products, and 5 million in trust financial products[195]. - The company recovered 25.53 million and earned 0.35 million from a specific trust financial product investment of 50 million, with the remaining principal and earnings fully recovered by February 27, 2020[198]. - The annualized return rate for the trust financial product was 8.20%[198]. Corporate Governance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[146]. - The company has committed to avoiding business competition with its actual controllers and shareholders, ensuring compliance with commitments made in previous reports[146]. - The company implemented changes in accounting policies and estimates, including the adoption of new financial reporting formats as per the Ministry of Finance notifications, impacting the classification of receivables and payables[149]. - The company reported no significant impact from the implementation of the revised accounting standards for non-monetary asset exchanges and debt restructuring during the reporting period[157]. - There were no significant accounting errors requiring retrospective restatement during the reporting period[159]. - The scope of the consolidated financial statements did not change compared to the previous year[160].