证券代码：002522 证券简称：浙江众成 | --- | --- | --- | |-----------------------|-----------------|---------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ | 新闻发布会 □路演活动 | | | □ 现场参观 | □其他 | | 参与单位名称及 | | 国金证券蒲强、兴证资产管理刘刚、华安基金周阳、诺德基金 | | 人员姓名 | | 杨雅荃、财通基金张坤、国泰基金金烨、农银汇理基金颜伟鹏 | | | 2018-5-14 | | | 时间 | | | | 地点 | 浙江众成 办公室 | 4 楼会议室 | | 上市公司接待人 员姓名 | | 董事长、总经理陈健，董事会秘书、副总经理许丽秀，财务负 责人、副总经理董卫平，副总经理马黎声，证券 ...

证券代码：002522 证券简称：浙江众成 浙江众成包装材料股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------|--------------------------------------------------| | | | | | 投资者关系活动 | √ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | □其他 | | 参与单位名称及 | 博时基金刘思甸 | | | 人员姓名 | | | | 时间 | 2018-7-26 | | | 地点 | 浙江众成 办公室 | 4 楼会议室 | | 上市公司接待人 | | | | 员姓名 | 证券事务代表楚军韬 | | | 投资者关系活动 | | 首先向投资者介绍了公司基本情况以及行业情况等，并 | | 主要内容介绍 | | 对行业及公司经营发展方面的相关问题进行了交流。 | 编号：20180726 1 | --- | --- | |-------|---- ...

1 证券代码：002522 证券简称：浙江众成 浙江众成包装材料股份有限公司投资者关系活动记录表 编号：20210601 | --- | --- | --- | |-------------------------|---------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | √特定对象调研 □分析师会议 | | | 类别 | □媒体采访 □业绩说明会 | | | | □新闻发布会 | □路演活动 | | | √现场参观 | □其他 | | 参与单位名称及 人员姓名 | | 交银施罗德基金杨金金、高逸云，国泰君安证券徐婷华 | | 时间 2021-6-1 | | | | 地点 | 浙江众成 办公楼 4 | 楼会议室 | | 上市公司接待人 员姓名 | 楚军韬 | 公司董事长兼总经理陈健、董事会秘书许丽秀、证券事务代表 | | | | 首先带领投资者参观了公司泰山路厂区生产环境，并向投 | | | | 资者介绍了公司产品及生产经营的基本情况以及行业情况等， | | ...

1 证券代码：002522 证券简称：浙江众成 浙江众成包装材料股份有限公司投资者关系活动记录表 编号：20210622 | --- | --- | --- | --- | --- | --- | --- | |----------------------------|-------------------------------------------------------------------------------|-------------------|------------------------------------------------|-------|--------------------------------------------------------|----------| | 投资者关系活动 \n类别 \n | √特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 \n□现场参观 | □路演活动 \n□其他 | | | | | | 参与单位名称及 人员姓名 | 国泰君安证券赵新裕 | | | | | | | 时间 2021-6-22 | | | ...

Financial Performance - The company's revenue for Q3 2022 was ¥533,461,993.30, representing a 15.50% increase year-over-year, while year-to-date revenue reached ¥1,447,191,213.12, up 8.51% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥40,760,107.27, a decrease of 18.20% year-over-year, with year-to-date net profit at ¥135,216,008.31, down 5.99%[5] - The basic earnings per share for Q3 2022 was ¥0.05, reflecting a 25.00% decline compared to the same period last year, while diluted earnings per share also stood at ¥0.05[5] - Total operating revenue for Q3 2022 reached CNY 1,447,191,213.12, an increase of 8.5% compared to CNY 1,333,652,126.10 in the same period last year[24] - Net profit for Q3 2022 was CNY 121,301,714.55, slightly down from CNY 123,030,019.66 in Q3 2021, representing a decrease of 1.4%[25] - The company's total equity attributable to shareholders rose to CNY 2,144,639,784.88, up from CNY 2,026,672,397.46, marking an increase of 5.8%[23] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥219,614,107.79, showing a significant increase of 38.33%[5] - The net cash flow from operating activities for Q3 2022 was ¥219,614,107.79, an increase from ¥158,756,473.41 in Q3 2021, representing a growth of approximately 38.3%[29] - Cash flow from operating activities increased to CNY 1,580,473,676.61, compared to CNY 1,411,442,374.32 in the previous year, reflecting a growth of 12%[27] - The company's cash flow from financing activities decreased by 99.29% year-over-year, influenced by various factors including reduced cash payments related to financing activities[15] - The cash inflow from financing activities totaled ¥1,005,085,518.51, compared to ¥831,093,833.01 in Q3 2021, showing an increase of approximately 20.9%[29] - The net cash flow from financing activities was -¥2,190,525.00, a significant improvement from -¥308,769,119.84 in Q3 2021[29] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,680,670,164.86, an increase of 2.62% from the end of the previous year[5] - The company's total liabilities decreased to CNY 1,415,765,240.22 from CNY 1,512,992,155.34, a reduction of approximately 6.4%[23] - Total current assets as of September 30, 2022, amounted to ¥1,568,415,486.14, up from ¥1,282,537,035.69 at the start of the year, indicating a growth of 22.3%[21] - The total non-current assets decreased to ¥2,112,254,678.72 from ¥2,304,256,937.81, indicating a decline of 8.3%[21] - Short-term borrowings decreased to ¥553,707,906.17 from ¥622,305,709.59, a reduction of 11.0%[21] Shareholder Information - Total number of common shareholders at the end of the reporting period is 38,268[17] - The largest shareholder, Changde City Urban Development Group Co., Ltd., holds 25.00% of shares, totaling 226,444,847 shares[17] - The company has a total of 10 major shareholders, with the top two holding over 32% of the shares combined[17] Expenses - Sales expenses increased by 53.2% year-over-year, primarily due to the hiring of additional sales personnel to expand market reach[13] - Financial expenses decreased by 36.47% year-over-year, while interest income grew by 37.5% due to increased term deposits[13] - Research and development expenses for Q3 2022 were CNY 47,426,182.33, compared to CNY 44,676,136.37 in the same quarter last year, indicating a growth of 6.2%[24] - The company paid ¥145,145,611.66 in employee compensation during the quarter, up from ¥133,481,729.43 in the previous year, reflecting an increase of about 8.3%[29] Investment Activities - The company reported a 3010.7% increase in net cash flow from investing activities year-over-year, attributed to reduced purchases of financial products and increased cash payments for fixed asset construction[15] - The total cash outflow from investing activities was ¥476,244,852.16, compared to ¥1,031,588,321.10 in the same period last year, indicating a decrease of about 53.8%[29] - The company reported a net cash flow from investing activities of -¥97,050,206.62, compared to -¥3,119,877.24 in the same quarter last year, indicating a decline in investment performance[29] - The cash outflow for the purchase of fixed assets and intangible assets was ¥170,198,535.04, up from ¥120,278,321.10, representing an increase of about 41.5%[29] Other Financial Metrics - The company's cash and cash equivalents increased to ¥628,421,583.28 from ¥255,524,339.85 at the beginning of the year, representing a growth of 146.0%[20] - The ending balance of cash and cash equivalents increased to ¥362,223,593.13 from ¥213,812,860.90 year-over-year, marking a rise of approximately 69.5%[30] - The impact of exchange rate changes on cash and cash equivalents was positive at ¥6,932,602.31, contrasting with a negative impact of -¥1,210,033.68 in the previous year[29] - The inventory decreased to ¥594,010,859.81 from ¥615,143,163.98, showing a decline of 3.4%[21] - The company reported accounts receivable of ¥135,072,763.57, an increase from ¥121,920,207.48, which is a growth of 10.0%[20]

Financial Performance - The company achieved operating revenue of CNY 913,729,219.82, representing a growth of 4.81% compared to the same period last year[20]. - The net profit attributable to shareholders was CNY 94,455,901.04, an increase of 0.48% year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 86,718,337.06, a decrease of 3.21% compared to the previous year[20]. - The net cash flow from operating activities was CNY 102,771,130.23, reflecting a growth of 15.11% year-on-year[20]. - The gross profit margin decreased slightly, with operating costs rising by 7.77% to ¥703.95 million from ¥653.22 million[44]. - The company reported a total revenue of 109,556 million CNY for the first half of 2022, with a gross profit margin of 36.29%[67]. - The net profit for the first half of 2022 was CNY 85,521,372.33, compared to CNY 82,142,870.44 in the first half of 2021, indicating a growth of 4.3%[162]. - The company reported a total comprehensive income of CNY 89,777,085.92 for the first half of 2022, compared to CNY 81,452,769.76 in the previous year, reflecting an increase of 10.3%[163]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,623,896,220.73, an increase of 1.03% from the end of the previous year[20]. - Cash and cash equivalents at the end of the reporting period were ¥536.64 million, representing 14.81% of total assets, up from 7.12% at the end of the previous year[52]. - Inventory increased to ¥644.04 million, accounting for 17.77% of total assets, compared to 17.15% at the end of the previous year[52]. - Total liabilities decreased slightly to CNY 1,486,471,917.74 from CNY 1,512,992,155.34, a reduction of about 1.8%[154]. - The company's equity increased to CNY 2,137,424,302.99 from CNY 2,073,801,818.16, reflecting a growth of approximately 3.1%[154]. Market Position and Products - The company is the largest POF shrink film manufacturer in China and ranks second globally, only behind Sealed Air Corporation[29]. - The company has maintained a market share of over 30% in the domestic POF shrink film market since 2009, with a consistent focus on technological innovation and marketing strategies[29]. - The product series has expanded to include 3 major categories and 8 series of POF films, making the company one of the most comprehensive providers in the global heat shrink film market[36]. - High-end products and new product ratios are steadily increasing, with the main business income from high-end products showing a consistent upward trend[37]. - The company has successfully developed and industrialized new high-end products, including oil pastes for optical fibers, which have received positive feedback from downstream customers[39]. Research and Development - The company emphasizes high-end, differentiated products, continuously investing in R&D to enhance its competitive edge in the market[34]. - Research and development expenses for the first half of 2022 were CNY 31,240,652.26, up from CNY 29,373,970.41, indicating an increase of 6.4%[162]. - The company is increasing R&D efforts in high-end specialty and high value-added products, expecting future benefits to improve[67]. Investment and Expansion - The company plans to invest 200 million yuan in new product development and technology upgrades in the upcoming year[177]. - The company is in the process of constructing a new production line for 30,000 tons of new polyethylene shrink film, which is expected to enhance production capacity[53]. - The company plans to utilize raised funds for expanding production capacity and enhancing product offerings in the packaging materials sector[66]. Environmental and Safety Compliance - The company has committed to enhancing its environmental management practices and has invested in upgrading pollution control facilities to comply with environmental regulations[87]. - The wastewater treatment capacity of the company is 1,090 m³/d, ensuring compliance with environmental standards[88]. - The company has achieved zero environmental accidents and zero complaints during the reporting period[94]. - The company conducted 35 safety inspections and received 11 supervisory inspections from government safety departments, with all issues effectively rectified[99]. Shareholder and Financial Transactions - The company has not engaged in any major litigation or arbitration matters during the reporting period[108]. - The financial assistance provided by major shareholder Chen Dakuai to the subsidiary Zhejiang Zhongli Composite Materials Technology Co., Ltd. for 2022 is capped at RMB 140 million, with an annual interest rate of 4.5%[115]. - The company has not reported any significant changes in its financial position or operations during the reporting period[120]. - The total approved guarantee amount for the company during the reporting period was CNY 125,000,000, with an actual guarantee amount of CNY 22,632,860[123].

Financial Performance - The company's revenue for Q1 2022 was CNY 458,287,883.20, representing a 20.53% increase compared to CNY 380,213,055.08 in the same period last year[4] - The net profit attributable to shareholders was CNY 50,974,004.26, a 33.56% increase from CNY 38,166,320.62 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 47,216,519.69, up 25.22% from CNY 37,707,644.26 in the previous year[5] - Net profit for Q1 2022 reached CNY 49,111,264.87, representing a 56.1% increase from CNY 31,466,514.32 in Q1 2021[24] - The total profit for Q1 2022 was CNY 58,969,530.53, up 47.0% from CNY 40,029,578.71 in Q1 2021[24] - Operating profit for Q1 2022 was CNY 58,968,828.80, an increase of 47.8% from CNY 39,902,642.00 in Q1 2021[23] Cash Flow and Liquidity - The company's cash flow from operating activities decreased by 29.94% to CNY 32,537,953.71, down from CNY 46,442,890.36 in the same period last year[5] - Cash flow from operating activities generated a net amount of CNY 32,537,953.71, down 30% from CNY 46,442,890.36 in Q1 2021[28] - Cash and cash equivalents at the end of Q1 2022 amounted to RMB 274,845,005.56, up from RMB 255,524,339.85 at the beginning of the year, reflecting a growth of 7.3%[17] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 255,436,642.74, an increase from CNY 199,346,648.46 at the end of Q1 2021[29] - The company experienced a net cash outflow from investing activities of CNY 14,597,853.74, an improvement from a net outflow of CNY 128,083,384.01 in Q1 2021[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,610,773,698.72, a 0.67% increase from CNY 3,586,793,973.50 at the end of the previous year[5] - Total assets as of March 31, 2022, were RMB 3,610,773,698.72, slightly up from RMB 3,586,793,973.50 at the beginning of the year[20] - Total liabilities decreased to RMB 1,487,425,942.47 from RMB 1,512,992,155.34, a reduction of 1.7%[20] - The company's equity attributable to shareholders increased to RMB 2,077,748,970.40 from RMB 2,026,672,397.46, reflecting a growth of 2.5%[20] - Short-term borrowings rose to RMB 635,410,350.14 from RMB 622,305,709.59, an increase of 2.0%[19] - The company reported a decrease in accounts payable to RMB 195,168,838.18 from RMB 204,539,158.49, a decline of 4.3%[19] Operating Costs and Expenses - The company's gross profit margin was impacted by a 25.65% increase in operating costs due to higher sales volume[10] - Total operating costs for Q1 2022 were CNY 401,693,915.36, an increase of 20.1% compared to CNY 334,534,441.19 in Q1 2021[23] - The company reported a 44.13% increase in selling expenses, attributed to higher salaries for sales personnel due to increased sales volume[10] - Research and development expenses for Q1 2022 were CNY 15,119,961.24, an increase of 11.4% compared to CNY 13,581,582.22 in Q1 2021[23] Investments and Growth - The company’s investment income grew by 90.31% year-on-year, primarily due to a reduction in losses from joint ventures[10] - The company’s minority interest profit increased by 72.2%, mainly due to reduced operating losses from a subsidiary[11] - The company’s construction in progress increased by 34.96%, reflecting ongoing investments in new production lines[9] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[16] Accounts Receivable and Inventory - Accounts receivable increased to RMB 129,228,747.29 from RMB 121,920,207.48, indicating a rise of 6.8%[17] - Inventory levels rose to RMB 629,593,663.80, compared to RMB 615,143,163.98 at the start of the year, marking an increase of 2.3%[18]

Financial Performance - The company's operating revenue for 2021 was CNY 1,795,970,214.16, representing a 23.90% increase compared to CNY 1,449,498,108.94 in 2020[20]. - The net profit attributable to shareholders for 2021 was CNY 177,636,979.44, a 4.74% increase from CNY 169,601,154.89 in 2020[20]. - The net cash flow from operating activities decreased by 28.13% to CNY 222,209,108.70 in 2021 from CNY 309,194,838.97 in 2020[20]. - The total assets at the end of 2021 were CNY 3,586,793,973.50, a 7.51% increase from CNY 3,336,337,027.00 at the end of 2020[20]. - The net assets attributable to shareholders increased by 5.39% to CNY 2,026,672,397.46 at the end of 2021 from CNY 1,923,043,041.87 at the end of 2020[20]. - The company reported a basic earnings per share of CNY 0.20 for 2021, up 5.26% from CNY 0.19 in 2020[20]. - The company achieved a total operating revenue of 1,795.97 million yuan in 2021, representing a year-on-year growth of 23.9%[59]. - The net profit attributable to the parent company was 177.64 million yuan, an increase of 4.74% compared to the previous year[59]. - The revenue from plastic products was CNY 958.58 million, accounting for 53.37% of total revenue, with a year-on-year growth of 16.08%[67]. - The revenue from synthetic rubber manufacturing reached CNY 779.87 million, which is 43.42% of total revenue, showing a significant increase of 36.84% compared to the previous year[67]. Dividend Distribution - The company plans to distribute a cash dividend of 0.30 RMB per 10 shares to all shareholders based on a total share capital of 905,779,387 shares as of the end of 2021[5]. - The cash dividend plan for 2021 proposed a distribution of RMB 27,173,381.61, at a rate of RMB 0.30 per 10 shares, based on a total share capital of 905,779,387 shares[188]. - The company distributed cash dividends of RMB 72,462,360.96, accounting for 42.73% of the net profit attributable to shareholders in the consolidated financial statements for the year 2020[186]. Business Operations and Strategy - The main business transitioned in 2018 from focusing solely on POF shrink film to include both POF shrink film and thermoplastic elastomer products[18]. - The company has established a production capacity of approximately 70,000 tons for high-end thermoplastic elastomer products, including SEP, SEPS, and SEBS[33]. - The company has implemented a procurement strategy that balances basic and forecasted inventory, minimizing inventory depreciation risks while enhancing production efficiency[41]. - The company’s sales model includes both direct sales and distribution channels, allowing for rapid market penetration and brand recognition globally[42]. - The company is investing 284.74 million yuan in a new production line for 30,000 tons of new polyethylene shrink film, with 71.38 million yuan already invested[47]. - The company is focusing on R&D for high-value-added products, aiming for early mass production of new materials and technologies[62]. - The company aims to enhance its product offerings by focusing on high-value thermoplastic elastomers and expanding its market presence both domestically and internationally[116]. Market Position and Competition - The company is the largest POF shrink film producer in China, achieving sales of over 40,000 tons in 2021, maintaining a leading position in the industry[32]. - The company has consistently ranked first in domestic sales and second globally in the POF shrink film industry since 2009, only behind Sealed Air Corporation[32]. - The company’s products are utilized in various applications, including food, beverages, daily necessities, cosmetics, and electronic products, highlighting their functional and environmentally friendly characteristics[35]. - The company is exposed to currency fluctuation risks due to significant foreign procurement and export activities, with over 60% of its products sold internationally[122]. - The company is addressing potential industry competition arising from its controlling shareholder's real estate development activities, with plans to resolve this through acquisition strategies[135]. Research and Development - The company has obtained multiple patents for its POF shrink film and thermoplastic elastomer products, enhancing its R&D capabilities[46]. - The company’s R&D investment amounted to ¥63,840,252.16, representing a year-on-year increase of 17.93% compared to ¥54,132,699.19 in 2020[82]. - The number of R&D personnel increased to 136, up by 11.48% from 122 in 2020, with R&D personnel accounting for 13.41% of the total workforce[81]. - The company continues to invest in R&D for new products, with several new applications in different fields being prepared for industrial production[56]. - The company is in the process of developing several new products, including EVOH high barrier shrink film and POF shrink film with PCR materials, which are expected to enhance competitiveness and market presence[80]. Environmental Compliance - The company achieved a total COD discharge of 14.584 tons, which is within the permitted limits[200]. - The company has not exceeded any of the specified pollution discharge limits across various pollutants[200]. - The environmental compliance status indicates a strong adherence to pollution control regulations[200]. Governance and Management Changes - The company underwent a significant change in control, with 226,444,847 shares (25.00% of total shares) transferred to Changde City Development Group, making it the new controlling shareholder[18]. - The company experienced a change in control, leading to a complete re-election of the board and supervisory committee in December 2021[141]. - The company’s chairman, Chen Jian, and several other board members resigned due to the change in control and subsequent re-election process[141]. - The company has maintained independence from its controlling shareholder, with a complete separation in business, assets, personnel, and financial operations[131]. - The company is committed to maintaining transparency and compliance with regulatory requirements during leadership transitions[141]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in its reports[5]. - The company faces risks from raw material price fluctuations, particularly for linear low-density polyethylene and polypropylene, which are linked to international oil prices[121]. - Supplier concentration risk is present, with over 80% of raw materials sourced from major suppliers like Dow Chemical and BASF, which could lead to supply shortages[122]. - The company plans to improve its governance structure and enhance its talent acquisition strategy to support its growth objectives[119]. Employee and Compensation Policies - The company has a strict salary policy linking employee compensation to overall corporate performance and individual performance assessments[182]. - The total number of employees at the end of the reporting period was 1,008, with 663 in the parent company and 355 in major subsidiaries[180]. - The company has implemented a comprehensive training program for employees, emphasizing practical effectiveness and departmental needs[183].

Financial Performance - The company's revenue for Q3 2021 was CNY 461,864,250.33, representing a year-on-year increase of 15.80%[4] - The net profit attributable to shareholders for Q3 2021 was CNY 49,829,985.77, a decrease of 9.74% compared to the same period last year[4] - Total operating revenue for the current period reached ¥1,333,652,126.10, an increase of 27.5% compared to ¥1,046,090,181.56 in the previous period[25] - Net profit for the current period was ¥123,030,019.66, representing a 29.3% increase from ¥95,183,212.73 in the previous period[27] - Earnings per share (EPS) for the current period was ¥0.16, compared to ¥0.13 in the previous period[28] - The company reported a total comprehensive income of ¥122,632,297.43, compared to ¥93,466,503.52 in the previous period[27] Cash Flow - The operating cash flow for the year-to-date period decreased by 21.88%, totaling CNY 158,756,473.41[5] - The net cash flow from operating activities for Q3 2021 was ¥158,756,473.41, a decrease of 22% compared to ¥203,228,939.46 in Q3 2020[31] - The total cash inflow from investment activities was ¥1,028,468,443.86, down 49% from ¥2,023,768,229.17 in the same period last year[31] - The net cash flow from financing activities was -¥308,769,119.84, compared to -¥187,522,751.95 in Q3 2020, indicating a worsening cash position[32] - The total cash and cash equivalents at the end of Q3 2021 were ¥213,812,860.90, down 55% from ¥473,460,937.10 at the end of Q3 2020[32] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3,483,183,934.24, an increase of 4.40% from the end of the previous year[5] - Total assets as of September 30, 2021, amounted to ¥3,483,183,934.24, up from ¥3,336,337,027.00, showing an increase of about 4.4%[22] - The company's total liabilities reached ¥1,425,254,128.31, compared to ¥1,329,738,012.16 in the previous period[26] - The total liabilities amounted to ¥1,329,738,012.16, reflecting a slight increase from the previous year[37] - Total current liabilities decreased to ¥1,155,208,801.75 from ¥1,293,483,634.83, a reduction of approximately 10.7%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 35,974[16] - The largest shareholder, Chen Dakuai, holds 32.95% of shares, totaling 298,456,400 shares, with 49,610,000 shares pledged[16] - The company has a total of 1.77% shares held by Zhejiang Yinwanster Investment Management Co., Ltd., totaling 16,038,600 shares[16] - The report indicates that Chen Jian and Chen Chen are related to the largest shareholder, Chen Dakuai, as his son and daughter respectively[16] Operating Costs and Expenses - The company's gross profit margin decreased due to a 34.12% increase in operating costs driven by higher sales volume[12] - Total operating costs amounted to ¥1,183,007,380.25, up 26.7% from ¥933,949,354.05 in the previous period[26] - The company reported a 58.57% decrease in selling expenses, attributed to reclassification of certain costs to operating costs[12] - The company paid ¥133,481,729.43 in employee compensation during the quarter, an increase from ¥114,194,147.15 in Q3 2020[31] Investment Activities - Investment income decreased by 56.12%, while investment income from joint ventures increased by 115.87%[13] - The company's cash flow from investing activities decreased by 96.15%, primarily due to reduced purchases of financial products[14] - The cash outflow for investment activities was ¥1,031,588,321.10, a decrease of 51% from ¥2,104,903,598.03 in the same quarter last year[31] - Deferred income amounted to ¥30,996,601.36, compared to ¥36,254,377.33 in the previous period[26] Future Outlook - The company plans to continue expanding its market presence and investing in new product development[24]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 871,787,875.77, representing a 34.69% increase compared to CNY 647,245,612.76 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 94,007,873.31, up 41.66% from CNY 66,360,684.90 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 89,592,878.44, an increase of 53.70% compared to CNY 58,289,037.43 in the previous year[18]. - The basic earnings per share increased to CNY 0.10, a rise of 42.86% from CNY 0.07 in the same period last year[18]. - The total operating revenue for the first half of 2021 reached ¥871,787,875.77, a 34.7% increase from ¥647,245,612.76 in the same period of 2020[176]. - The company reported a total comprehensive income of ¥81,452,769.76 for the first half of 2021, compared to ¥45,370,206.27 in the previous year[179]. - The company achieved a net profit margin of 490 million, reflecting a strong operational efficiency[121]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,446,117,896.66, reflecting a 3.29% increase from CNY 3,336,337,027.00 at the end of the previous year[18]. - The company's cash and cash equivalents decreased to ¥617,396,531.15, representing 17.92% of total assets, down from 20.70% at the end of the previous year[51]. - Total liabilities reached CNY 1,429,308,489.36, an increase from CNY 1,329,738,012.16, representing a growth of around 7.5%[168]. - Current liabilities were CNY 1,239,700,635.47, down from CNY 1,293,483,634.83, showing a decrease of about 4.2%[167]. Cash Flow - The net cash flow from operating activities was CNY 89,279,445.08, down 23.39% from CNY 116,540,129.01 in the same period last year[18]. - The company reported a decrease in cash flow from operating activities by 23.39% to ¥89,279,445.08, reflecting changes in operational efficiency[45]. - The net cash flow from investing activities was -¥172,732,848.61, an improvement from -¥267,630,787.59 in the same period last year[187]. - The net cash flow from financing activities was -¥105,518,203.19, compared to -¥192,413,684.26 in the first half of 2020, indicating a reduction in cash outflow[187]. Market Position and Product Development - The company is the largest POF shrink film manufacturer in China and ranks second globally, only behind Sealed Air Corporation[26]. - The company has developed a production capacity of approximately 70,000 tons for high-end products and elastic materials[27]. - The company has developed a diverse product range, including 3 major categories and 8 series of POF films, making it one of the most comprehensive providers in the global market[37]. - The company has successfully applied its products in various fields, including food packaging, medical supplies, and electronics, enhancing its market presence[26]. - The company plans to enhance production capacity by an additional 30,000 tons of POF shrink film to optimize product structure and strengthen market position[73]. Risks and Challenges - The company faces risks including raw material price fluctuations, supplier concentration, exchange rate fluctuations, and talent shortages[4]. - Supplier concentration risk exists as over 80% of raw materials are sourced from major suppliers like Dow Chemical and BASF[71]. - The company faces risks from raw material price fluctuations, particularly with linear low-density polyethylene and copolymer polypropylene, which are linked to international oil prices[70]. Research and Development - The company has a strong focus on R&D, with new products in various application fields being prepared for industrial production[38]. - Research and development expenses rose to ¥29,373,970.41, a 40.5% increase from ¥20,872,402.62 in the first half of 2020[177]. - The company is investing in R&D with a budget allocation of 3 million for developing innovative packaging solutions[122]. Environmental Compliance - The company has completed environmental facility acceptance for several projects, including the annual production of 120,000 tons of thermoplastic elastomer materials[87]. - The wastewater treatment capacity of the company is 1,090 m³/d, ensuring compliance with environmental standards[85]. - The company has achieved zero environmental accidents and zero complaints, with no administrative penalties received[94]. Future Outlook - Future outlook suggests a projected revenue growth of 10% for the second half of 2021, driven by new product launches and market expansion strategies[122]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[198]. - The overall market outlook remains positive, with expectations of recovery and growth in demand for packaging solutions[198].