江西海源复合材料科技股份有限公司 2022 年第三季度报告 证券代码：002529 证券简称：海源复材 公告编号：2022-072 江西海源复合材料科技股份有限公司 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 1 江西海源复合材料科技股份有限公司 2022 年第三季度报告 （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） | 33,384,750.80 | 10.91% | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥213,666,089.46, representing a 54.46% increase compared to ¥138,330,023.38 in the same period last year[16]. - The net profit attributable to shareholders was ¥1,411,904.73, a significant turnaround from a loss of ¥16,065,224.96 in the previous year, marking an increase of 108.79%[16]. - The net cash flow from operating activities improved to ¥10,430,858.52, compared to a negative cash flow of ¥22,337,230.88 in the same period last year, reflecting a 146.70% increase[16]. - Basic and diluted earnings per share were both ¥0.0054, recovering from a loss of ¥0.0618 per share in the previous year, an increase of 108.74%[16]. - Total assets at the end of the reporting period were ¥1,114,117,123.26, up 5.34% from ¥1,057,620,700.48 at the end of the previous year[16]. - The company reported a net increase in cash and cash equivalents of ¥7,640,587.17, a 111.64% increase compared to a net decrease of ¥65,657,079.34 in the previous year[42]. - The company reported a net loss of CNY 718,057,795.43, slightly improved from a loss of CNY 719,469,700.16 in the previous period[137]. Revenue Breakdown - Revenue from the lightweight composite materials business reached ¥89,007,750.12, up 27.65% year-on-year[30]. - The mechanical equipment business generated revenue of ¥50,369,914.53, reflecting a 26.84% increase compared to the previous year[32]. - The photovoltaic module business saw revenue of ¥70,138,218.47, a significant rise of 305.05% year-on-year[34]. - Domestic sales accounted for 97.11% of total revenue, increasing by 75.19% year-on-year, while international sales dropped by 68.95%[45]. Costs and Expenses - The cost of goods sold increased by 58.93% to ¥193,786,242.20 from ¥121,932,823.05, reflecting higher operational costs[42]. - Research and development expenses increased by 3.07% to ¥8,013,781.76, indicating continued investment in innovation[42]. - The gross profit margin for the industrial sector was 9.30%, down 2.55% from the previous year, reflecting increased costs[46]. Strategic Initiatives - The company has established partnerships with major clients such as CATL and XPeng Motors for battery cover projects, enhancing its market position in the automotive sector[29]. - The company is actively expanding into the photovoltaic industry, having acquired Saiwei Power in September 2020, and is now preparing to enter the N-type battery technology market[33]. - The company has developed a complete industrial chain from composite material equipment to product design and production, leveraging its leading position in the composite materials sector[35]. - The company is focusing on expanding its product offerings and enhancing its technological capabilities in the photovoltaic sector, supported by a skilled workforce[38]. Risks and Challenges - The company is facing various risks as detailed in the report, which should be considered by investors[4]. - The company is facing challenges such as high raw material costs and international order reductions due to global economic conditions, impacting its mechanical equipment business[32]. - Supply chain and raw material price volatility pose risks to production costs and profitability, particularly with ongoing tight supply and price fluctuations in steel and silicon materials[69]. - Customer concentration risk is significant, with major clients accounting for a high percentage of sales, including partnerships with well-known manufacturers[71]. Corporate Governance and Compliance - The company has not faced any significant legal disputes or arbitration matters during the reporting period[94]. - The company has not received any administrative penalties related to environmental issues during the reporting period[85]. - There were no related party transactions during the reporting period, including asset or equity acquisitions or sales[96][97][98][99][100][101][102]. Future Outlook - The company plans to enhance market research and adjust strategies to adapt to macroeconomic changes[68]. - The company aims to strengthen collaboration with upstream and downstream suppliers to mitigate raw material cost impacts[69]. - The company is committed to accelerating the development of new products and exploring new customer opportunities[68]. - The company did not provide specific future guidance or outlook during the earnings call[165].

Financial Performance - The company's revenue for Q1 2022 was ¥91,648,450.23, representing a 41.80% increase compared to ¥64,633,134.00 in the same period last year[4] - Net profit attributable to shareholders was ¥1,531,172.67, a significant improvement of 150.43% from a loss of ¥3,036,367.06 in the previous year[4] - Basic and diluted earnings per share were both ¥0.0059, marking a 150.43% increase from a loss of ¥0.0117 per share in the previous year[4] - Total operating revenue for Q1 2022 was CNY 91,648,450.23, an increase from CNY 64,633,134.00 in the previous period[17] - Net profit for Q1 2022 was CNY 1,531,172.67, a significant recovery from a net loss of CNY 3,036,367.06 in the previous period[19] - The company achieved a gross profit margin of approximately 0.24% in Q1 2022, compared to a negative margin in the previous period[19] Cash Flow and Liquidity - The net cash flow from operating activities increased by 132.83%, reaching ¥5,503,880.03, compared to a negative cash flow of ¥16,764,317.56 in the same period last year[4] - The company reported a cash flow from operating activities of CNY 5,503,880.03, compared to a negative cash flow of CNY -16,764,317.56 in the previous period[23] - Cash inflow from operating activities totaled CNY 99,012,129.91, up from CNY 63,915,197.13 in the previous period[22] - Cash outflow from operating activities was CNY 93,508,249.88, compared to CNY 80,679,514.69 in the previous period[23] - The net cash flow from financing activities was -3,137,381.18, a decrease from -68,895,163.89 in the previous year[24] - The total cash and cash equivalents at the end of the period were 19,258,851.03, down from 69,503,972.90 year-over-year[24] - The cash and cash equivalents net increase was -5,895,131.46, compared to -61,771,656.99 in the same period last year[24] - The cash outflow from financing activities totaled 18,316,645.06, significantly lower than 98,911,563.89 in the previous year[24] - The impact of exchange rate changes on cash and cash equivalents was -1,832.83, contrasting with a positive impact of 32,017.65 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,072,491,025.40, reflecting a 1.41% increase from ¥1,057,620,700.48 at the end of the previous year[4] - The company's current assets decreased to CNY 437,111,968.74 from CNY 457,028,590.91 at the beginning of the year, reflecting a decline of approximately 4.5%[15] - The total liabilities increased to CNY 322,281,155.54 from CNY 309,100,155.74, representing a rise of about 4.0%[16] - The company’s non-current assets increased to CNY 635,379,056.66 from CNY 600,592,109.57, marking an increase of about 5.8%[15] - The company’s total equity remained stable at CNY 750,209,869.86, unchanged from the previous reporting period[16] Shareholder Information - The company had a total of 24,061 common shareholders at the end of the reporting period[9] - The largest shareholder, Jiangxi Saiwei Electric Power Group Co., Ltd., held 22.00% of the shares, amounting to 57,200,000 shares, with some shares frozen[10] Non-Recurring Items - Non-recurring gains and losses totaled ¥2,155,874.48, with significant contributions from non-current asset disposal gains and government subsidies[6] Research and Development - Research and development expenses amounted to CNY 3,147,742.50, slightly increasing from CNY 3,120,803.87 in the previous period[17] Audit Information - The company did not conduct an audit for the first quarter report[25]

Business Focus and Strategy - The company reported a significant shift in its main business focus from hydraulic forming equipment to the research, production, and sales of lightweight composite materials and new intelligent machinery[19]. - The company is focusing on expanding into the photovoltaic component sector, which aligns with national policies promoting the development of new energy vehicles[30]. - The company is focusing on expanding its composite materials business amid challenges such as chip shortages and rising raw material prices[95]. - The company aims to enhance its core competitiveness by focusing on lightweight automotive components and expanding applications in the new energy vehicle sector[102]. - The company is strategically expanding into the photovoltaic industry while managing risks associated with different business models and operational management[109]. Financial Performance - The company's operating revenue for 2021 was ¥253,937,977.12, a decrease of 15.44% compared to ¥300,313,663.58 in 2020[21]. - The net profit attributable to shareholders was -¥109,459,741.98, representing a decline of 433.04% from a profit of ¥32,866,859.13 in 2020[21]. - The total assets at the end of 2021 were ¥1,057,620,700.48, down 14.31% from ¥1,234,298,860.43 at the end of 2020[21]. - The company's total revenue for 2021 was approximately ¥253.94 million, a decrease of 15.44% compared to ¥300.31 million in 2020[54]. - The revenue from composite materials business increased by 21.33% to ¥143.45 million, accounting for 56.49% of total revenue[54]. Cash Flow and Investments - The net cash flow from operating activities was -¥5,825,021.19, a significant drop of 103.77% from ¥154,357,216.73 in 2020[21]. - The net cash flow from investing activities decreased by 99.74%, as there were no cash inflows from the disposal of properties and land assets this year[71]. - The net cash flow from financing activities increased by 84.23%, mainly due to a decrease in cash used for repaying bank loans and other debts[71]. - The company's cash and cash equivalents decreased by 175.28%, indicating significant cash outflows during the reporting period[70]. Research and Development - Research and development expenses amounted to ¥19,052,677.91, a decrease of 8.06% from ¥20,722,617.18 in 2020, representing 7.50% of total revenue[67]. - The company plans to invest in research and development to strengthen its technological capabilities and improve product efficiency and adaptability[104]. - The number of R&D personnel increased by 10% to 55, while the proportion of R&D personnel to total employees decreased to 8.38%[67]. Market and Industry Trends - The automotive industry in China saw a slight growth in production and sales, with a 3.4% increase in production and a 3.8% increase in sales in 2021[31]. - In 2021, the Chinese automotive market saw over 3.5 million sales of new energy vehicles, with a market share increase to 13.4%[95]. - The market size of China's new energy vehicle sector reached 600 billion yuan in 2021, reflecting a year-on-year growth of 76.5%[95]. Corporate Governance and Compliance - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[127]. - The company has established a comprehensive performance evaluation mechanism linking senior management compensation to operational performance indicators[122]. - The company has independent procurement, production, and sales systems, ensuring no significant reliance on any single or few entities[132]. - The company adheres to strict information disclosure obligations, ensuring timely and accurate reporting to shareholders[124]. Risk Management - The company has established a comprehensive risk disclosure in its annual report, detailing potential risks faced in future operations[4]. - The company is closely monitoring policy changes related to clean energy and will adjust its business development plans accordingly to mitigate potential impacts[110]. - The company recognizes the ongoing risk of COVID-19 and is taking measures to strengthen its domestic market presence to counteract potential overseas demand fluctuations[111]. Future Outlook and Plans - The company plans to enhance product competitiveness through the development of new products in the press and complete line equipment sector[65]. - The company has set a revenue guidance for 2022, projecting an increase of 25% to 1.875 billion RMB[136]. - The company plans to change its name and registered address to better align with strategic development needs and utilize local resources[164]. Shareholder Relations and Dividends - The company plans to enhance market research and adjust operational strategies to adapt to macroeconomic changes and uncertainties caused by the COVID-19 pandemic[106]. - The company plans to communicate with shareholders, especially minority shareholders, regarding cash dividend proposals[195]. - The company is committed to distributing profits in a manner that aligns with shareholder interests and company performance[195].

Financial Performance - Revenue for Q3 2021 was ¥30,101,438.40, a decrease of 33.06% compared to the same period last year[2] - Net profit attributable to shareholders was -¥33,954,615.59, representing a decline of 129.23% year-over-year[2] - Net profit after deducting non-recurring gains and losses was -¥32,360,219.39, down 94.41% from the previous year[2] - The net profit for Q3 2021 was -50,019,840.55 CNY, compared to a net profit of 2,577,629.62 CNY in Q3 2020, indicating a significant decline[19] - The operating profit for Q3 2021 was -51,163,671.28 CNY, a decrease from 2,949,274.66 CNY in the same period last year[19] - The total revenue from operating activities was 275,879,609.49 CNY, down from 367,010,172.66 CNY in Q3 2020[23] - The company reported a basic and diluted earnings per share of -0.1924 CNY, compared to 0.0099 CNY in the same quarter last year[20] Cash Flow and Assets - Cash flow from operating activities was -¥27,386,543.94, a decline of 116.99% year-to-date[2] - The company's cash and cash equivalents decreased to CNY 24,096,802.29 from CNY 99,699,025.43 at the end of 2020, representing a decline of 75.8%[14] - The total cash and cash equivalents at the end of the period were 23,917,537.81 CNY, down from 11,421,206.71 CNY in Q3 2020[24] - The investment activities generated a net cash flow of 11,136,445.22 CNY, compared to 13,416,556.20 CNY in Q3 2020[24] Assets and Liabilities - The company's total assets decreased by 7.71% to ¥1,139,148,745.54 compared to the end of the previous year[3] - Total assets decreased to CNY 1,139,148,745.54 from CNY 1,234,298,860.43, reflecting a decline of 7.7%[16] - Total liabilities decreased to CNY 331,461,446.26 from CNY 377,365,359.53, a reduction of 12.2%[16] - The company's total equity attributable to shareholders decreased to CNY 807,687,299.28 from CNY 856,933,500.90, a decline of 5.7%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 21,789[9] - The largest shareholder, Jiangxi Saiwei Electric Power Group, held 22.00% of the shares, totaling 57,200,000 shares[9] Operational Challenges - The company faced significant revenue decline due to rising raw material prices and optimization of product lines[6] - Non-recurring losses totaled -¥1,594,396.20 for the quarter, with government subsidies contributing ¥1,044,984.17[4] - The company is under administrative supervision measures due to short-term trading violations by its executives[12] Expenses - Total operating costs for the third quarter of 2021 were CNY 214,433,342.07, down 4.1% from CNY 223,676,168.76 year-on-year[18] - Research and development expenses amounted to 10,532,402.91 CNY, compared to 13,792,032.87 CNY in the previous year, reflecting a decrease of approximately 23.5%[19] - The company incurred financial expenses of 2,921,544.46 CNY, a significant decrease from 14,756,292.03 CNY in the previous year[19] Future Plans - The company plans to issue new shares as part of a private placement, with the application submitted to the China Securities Regulatory Commission[12]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥138,330,023.38, representing a 7.47% increase compared to ¥128,715,774.15 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥16,065,224.96, a decrease of 192.38% from ¥17,389,991.00 in the previous year[19]. - The net cash flow from operating activities was -¥22,337,230.88, a decline of 113.25% compared to ¥168,588,914.01 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,096,643,945.30, down 11.15% from ¥1,234,298,860.43 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 1.81%, amounting to ¥841,397,224.10 compared to ¥856,933,500.90 at the end of the previous year[19]. - The basic earnings per share were -¥0.0618, a decrease of 192.38% from ¥0.0669 in the same period last year[19]. - The weighted average return on net assets was -1.89%, down 3.98% from 2.09% in the previous year[19]. - The company's gross profit margin improved slightly to 11.85%, an increase of 0.46% compared to the previous year[47]. - The total comprehensive income for the first half of 2021 was -50,119,344.61 CNY, compared to 27,151,689.88 CNY in the same period of 2020, indicating a significant decline[149]. Revenue Breakdown - Revenue from the lightweight automotive composite materials business reached ¥69,729,406.15, a significant increase of 231.17% compared to the previous year[31]. - The revenue from the composite building template business was ¥8,636,587.72, reflecting a decline of 75.53% year-on-year due to rising raw material prices and negative impacts on the real estate sector[32]. - The mechanical equipment business generated revenue of ¥39,710,381.44, down 40.37% year-on-year, impacted by rising raw material costs and delays in project implementation[34]. - The photovoltaic module business reported revenue of ¥17,315,822.13, marking the company's entry into the solar energy sector following the acquisition of Saiwei Power[36]. - The composite materials business saw a significant growth of 39.08%, with revenue reaching ¥78,365,993.87, up from ¥56,346,049.94 in the previous year[45]. - The photovoltaic business generated revenue of ¥17,315,822.13, marking a 100% increase as it had no revenue in the same period last year[45]. Cash Flow and Expenses - Research and development expenses decreased by 21.23% to ¥7,775,072.83 from ¥9,870,696.86 in the previous year[43]. - The company reduced its financial expenses by 82.68% to ¥1,876,087.04 due to a decrease in bank loans[43]. - Cash inflow from operating activities in the first half of 2021 was 150,217,216.02 CNY, a decrease of 48.7% from 292,548,394.00 CNY in the first half of 2020[152]. - Cash outflow from operating activities totaled 172,554,446.90 CNY in the first half of 2021, compared to 123,959,479.99 CNY in the same period of 2020, representing a 39.1% increase[152]. - The net cash flow from operating activities was -22,337,230.88 CNY in the first half of 2021, contrasting with a positive 168,588,914.01 CNY in the first half of 2020[152]. Strategic Initiatives - The company has established a complete industrial chain from material development to production, enhancing its competitive edge in the composite materials market[27]. - The company is focusing on expanding its lightweight technology applications in the new energy vehicle sector, capitalizing on the growth opportunities presented by the industry[31]. - The company has formed strategic partnerships with major clients such as CATL and XPeng Motors for battery cover projects, receiving positive feedback[32]. - The company is committed to innovation and product upgrades in its mechanical equipment sector to maintain market competitiveness amid rising demand for automation and intelligence[35]. - The company is actively pursuing market expansion in the photovoltaic sector, aligning with national carbon neutrality goals and the global shift towards renewable energy[36]. Risk Management - The company faced significant risks and has detailed its risk management strategies in the report[5]. - The company is facing risks from macroeconomic fluctuations, supply chain disruptions, and raw material price volatility, which could impact production and project costs[67][68]. - The company is actively enhancing its market research and adjusting its operational strategies to mitigate risks associated with macroeconomic conditions[67]. - The company is implementing measures to strengthen communication with clients in the automotive lightweight business to address potential order delays and sales uncertainties[69]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has experienced changes in its management team, with two vice presidents resigning due to personal reasons and work adjustments[78]. - The company reported a related party transaction involving the sale of composite materials to a subsidiary, amounting to 6.89 million yuan, which accounted for 79.78% of similar transactions[96]. - The company received notifications regarding the pledge and freeze of shares from major shareholders[111]. - A major shareholder reduced their holdings by 12,989,259 shares, accounting for 5% of the total share capital[111]. Compliance and Audit - The half-year financial report has not been audited[90]. - The financial statements comply with the accounting standards and accurately reflect the company's financial status and cash flows[188]. - The company follows a 12-month operating cycle and uses RMB as its accounting currency[191]. Subsidiaries and Acquisitions - The company has 100% ownership in several subsidiaries, including Fujian Haiyuan New Materials Technology Co., Ltd. and Fujian Haiyuan Intelligent Equipment Co., Ltd.[184]. - The company increased subsidiaries and businesses through mergers under common control, adjusting the consolidated balance sheet's beginning balance accordingly[198].

证券代码：002529 证券简称：*ST 海源 公告编号：2021-041 福建海源复合材料科技股份有限公司 关于参加 2021 年度福建上市公司投资者网上 集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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互动交流，使广大投资者能更深入全面地了解公司 情况，福建海源复合材料科技股份有限公司（以下简称"公司"）将参加由福建证 监局与福建省上市公司协会、深圳市全景网络有限公司共同举办的"2021年度福 建上市公司投资者网上集体接待日活动"，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台采取网络远程的方式举行，投资者可以登录"全景网投资者关系互动平台" （http://rs.p5w.net/）参与本次投资者网上集体接待日活动，网上互动交流时间为 2021年5月14日（星期五）15:30至17:00。 届时公司的总经理、财务总监和董事会秘书将通过网络文字交流形式与投资 者进行沟通。欢迎广大投资者积极参与。 特此公告。 福建海源复合材料科技股份有限公司 董 事 会 二〇二一年五 ...

Revenue and Profit - Revenue for Q1 2021 was CNY 64,633,134, an increase of 14.71% compared to CNY 56,344,311.34 in the same period last year[8] - Net profit attributable to shareholders was a loss of CNY 3,036,367.06, a decrease of 110.55% from a profit of CNY 28,786,292.96 in the previous year[8] - The company reported a net loss of CNY 3,036,367.06 for Q1 2021, compared to a net profit of CNY 28,786,292.96 in the same period last year[43] - Basic and diluted earnings per share for Q1 2021 were both CNY -0.0117, down from CNY 0.1107 in the previous year[44] - The total comprehensive income for the first quarter was -24,483,972.29 CNY, compared to 32,232,176.04 CNY in the previous year[48] - Basic and diluted earnings per share were both -0.0942 CNY, down from 0.1240 CNY in the same period last year[48] Cash Flow - Operating cash flow for the period was a negative CNY 16,764,317.56, down 120.42% from CNY 82,103,761.39 in the same period last year[8] - The net cash flow from operating activities decreased by 120.42% compared to the same period last year, primarily due to a reduction in cash received related to operating activities[18] - Cash inflow from operating activities totaled 63,915,197.13 CNY, a decrease of 63.8% from 176,311,783.46 CNY in the previous year[50] - Cash outflow from operating activities was 80,679,514.69 CNY, compared to 94,208,022.07 CNY in the previous year, resulting in a net cash flow from operating activities of -16,764,317.56 CNY[50] - The net cash flow from investing activities decreased by 31.11% year-on-year, mainly due to an increase in cash paid for the purchase of fixed assets, intangible assets, and other long-term assets[18] - Cash inflow from investment activities was 78,511,000.00 CNY, significantly higher than 44,559,990.00 CNY in the previous year[51] - Cash outflow from investment activities was 54,655,193.19 CNY, compared to 9,929,399.30 CNY in the previous year[51] - Net cash flow from investment activities was 23,855,806.81 CNY, down from 34,630,590.70 CNY in the previous year[51] - The net cash flow from financing activities decreased by 332.17% compared to the previous year, primarily due to a decrease in cash received from borrowings[18] - Cash inflow from financing activities was 30,016,400.00 CNY, a decrease from 139,287,708.34 CNY in the previous year[52] - Cash outflow from financing activities totaled 98,911,563.89 CNY, compared to 155,229,463.25 CNY in the previous year[52] - The ending balance of cash and cash equivalents was 7,732,315.91 CNY, down from 111,398,900.50 CNY in the previous year[51] Assets and Liabilities - Total assets decreased by 9.45% to CNY 1,117,601,107.78 from CNY 1,234,298,860.43 at the end of the previous year[8] - Current assets decreased from ¥626,723,417.00 to ¥492,027,790.64, a decline of approximately 21.5%[33] - Total liabilities decreased from ¥377,365,359.53 to ¥263,435,204.02, a decline of about 30.2%[35] - Total assets decreased from ¥1,234,298,860.43 to ¥1,117,601,107.78, a reduction of approximately 9.5%[36] - Cash and cash equivalents decreased significantly from ¥99,699,025.43 to ¥7,927,357.15, a drop of about 92.1%[33] - Long-term equity investments decreased from ¥14,620,794.56 to ¥11,180,094.56, a decline of approximately 23.4%[34] - Short-term borrowings decreased from ¥95,629,307.57 to ¥22,335,341.31, a reduction of about 76.7%[34] - Total liabilities decreased from CNY 286,663,751.67 to CNY 249,508,412.01[42] - Owner's equity decreased from CNY 947,843,168.72 to CNY 923,627,966.35[42] Expenses - Research and development expenses decreased by 33.02% compared to the same period last year, indicating reduced investment in R&D[17] - Research and development expenses decreased to CNY 3,120,803.87 from CNY 4,659,121.88[42] - Financial expenses decreased by 77.65% due to a reduction in bank borrowings, leading to lower interest expenses[17] - Financial expenses decreased significantly from CNY 6,270,794.22 to CNY 1,401,363.53, with interest expenses dropping from CNY 6,096,705.02 to CNY 1,669,487.57[42] - Other income decreased by 65.62% due to a reduction in government subsidies received during the period[17] - Investment income decreased by 101.2% as there were no gains from the transfer of subsidiaries in the current period[17] - The company experienced a significant decline in investment income, reporting a loss of CNY 378,125.00 compared to a gain of CNY 31,523,268.76 in the previous period[42] - The company reported a 100% decrease in asset disposal income compared to the previous year, as no significant asset sales occurred[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,762[12] - Shareholder Li Mingyang reduced his holdings by 12,989,259 shares, accounting for 5% of the company's total share capital[20] - Shareholder Wu Guoqi's management reduced holdings by 2.6 million shares, representing 1% of the company's total share capital[21] Other Information - The company reported no significant changes in its financial commitments or non-operating fund occupation by controlling shareholders during the reporting period[22][28] - There were no securities or derivative investments during the reporting period[23][24] - The company did not engage in any entrusted financial management during the reporting period[26] - The company has not reported any violations regarding external guarantees during the reporting period[27]

Financial Performance - The company's operating revenue for 2020 was ¥300,313,663.58, representing a 37.98% increase compared to ¥217,657,512.98 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥32,866,859.13, a significant turnaround from a loss of ¥535,487,515.81 in 2019, marking a 106.14% improvement[17]. - The company's operating revenue for 2020 was CNY 300,313,663.58, an increase of 37.88% compared to CNY 217,657,512.98 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY -109,980,549.39, showing an improvement of 79.49% from CNY -536,294,803.48 in 2019[18]. - The basic earnings per share for 2020 was CNY 0.1264, a significant increase of 106.14% compared to CNY -2.0596 in 2019[18]. - The net cash flow from operating activities for 2020 was CNY 154,357,216.73, a turnaround of 229.03% from CNY -119,629,944.55 in 2019[18]. - The total operating revenue for 2020 was CNY 300,313,663.58, representing a year-on-year increase of 37.98% from CNY 217,657,512.98 in 2019[47]. - The total operating cost for 2020 was CNY 264,929,940.52, reflecting a year-on-year increase of 16.21% from CNY 227,976,602.98 in 2019[54]. Business Strategy and Operations - The main business has shifted from hydraulic forming equipment to the research, production, and sales of lightweight composite materials and new intelligent machinery[16]. - The company operates a business model that emphasizes "sales-driven production" to enhance efficiency and reduce costs[27]. - The company has begun to expand its business into the photovoltaic module sector during the reporting period[25]. - The company is recognized as one of the largest and most technologically advanced suppliers in the wall material press machine sector in China[30]. - The company aims to leverage its technological advancements to enhance its market position in the context of the energy revolution[94]. - The company plans to focus on high-end, intelligent, and green technologies in response to the global energy transition towards carbon neutrality[94]. - The future development of the mechanical equipment business will emphasize automation, intelligence, and green technology, aligning with national strategies[105]. Shareholder and Corporate Governance - The company has undergone significant changes in its shareholding structure, with the current controlling shareholder being Jiangxi Saiwei Electric Power Group Co., Ltd., which holds 22% of the shares[16]. - The company has not distributed cash dividends in the past three years, with a consistent policy of not issuing cash dividends or stock bonuses during this period[120][125]. - The controlling shareholder has pledged to avoid and minimize related party transactions with the listed company and its subsidiaries[127]. - The company guarantees that its mechanical business segment will not incur losses in 2020, with a net profit for the consolidated financial statements expected to be positive[127]. - The company has established a commitment to manage any related business and assets until conditions are favorable for transfer[126]. - The company will ensure compliance with relevant laws and regulations to maintain the independence of its operations[127]. Investments and Acquisitions - The company acquired Saiwei Power in September 2020, marking its entry into the photovoltaic industry, with a trial production of a 375MW high-efficiency photovoltaic component line starting in December 2020[33][42]. - The company made a major equity investment of ¥23,800,000 in Fujian Huachuang New Materials Co., Ltd., acquiring a 100% stake[79]. - The company also established a wholly-owned subsidiary, Fujian Huabo Equipment Technology Co., Ltd., with an investment of ¥194,250,000, also acquiring a 100% stake[79]. - The company transferred 100% equity of its wholly-owned subsidiary Fujian Haiyuan Huachuang Material Co., Ltd. for 54 million yuan, which is expected to positively impact its 2020 annual performance[92]. - The company acquired 100% of Xinyu Saiwei Power Technology Co., Ltd. at a price of 0 yuan on September 4, 2020, and included it in the consolidated financial statements[135]. Market and Industry Trends - The photovoltaic industry is expected to see significant demand growth, driven by China's carbon neutrality goals and the increasing adoption of new technologies[34]. - The photovoltaic industry is projected to become the fastest-growing renewable energy sector globally, with solar power expected to account for 25% of global electricity generation by 2050[102]. - In 2020, China's newly installed photovoltaic capacity reached 48.2 GW, a 60% increase year-on-year, with cumulative installed capacity reaching 253 GW, up 23.5%[102]. - The hydraulic forming equipment manufacturing industry is a key focus for national development, with significant growth opportunities due to the shift towards intensive and sustainable economic growth in China[95]. Risks and Compliance - The company faces risks from macroeconomic fluctuations, supply chain and raw material price volatility, and rapid technological changes in the photovoltaic industry, necessitating close monitoring and strategic adjustments[111][112][113]. - The company emphasizes the importance of aligning with national industrial policies and may face risks from potential changes in these policies that could impact business development[114][115]. - The company has committed to ensuring that any public disclosures do not mislead investors significantly[128]. Research and Development - The company holds 308 effective patent applications, with 233 granted, including 141 invention patents, showcasing its innovation capabilities in composite materials and equipment[38]. - The proportion of R&D investment to operating income dropped to 6.90% from 12.32% due to cost control measures[62]. - Research and development expenses decreased by 22.74% to ¥20,722,617.18, with a reduction in R&D personnel by 45.65% to 50[61]. Cash Flow and Financial Management - The company’s cash and cash equivalents increased by CNY 47.13 million, a growth rate of 89.65%, primarily due to the termination of certain procurement contracts and the recovery of advance payments[35]. - The company reported a net increase in cash and cash equivalents of ¥58,914,715.12, reversing a previous decline[64]. - Operating cash inflow increased by 189.49% to ¥605,842,229.60, driven by the recovery of prepayments and other receivables[64]. - The company has restricted cash balances totaling ¥30,195,052.53 at the end of the reporting period, down from ¥41,980,881.23 at the end of the previous year[75]. Corporate Social Responsibility - The company has not conducted any precision poverty alleviation work during the reporting year[161]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[162].

福建海源复合材料科技股份有限公司 2020 年第三季度报告全文 福建海源复合材料科技股份有限公司 FUJIAN HAIYUAN COMPOSITES TECHNOLOGY CO.,LTD. （证券简称：*ST 海源 证券代码：002529） 二〇二〇年第三季度报告 二〇二〇年十月三十一日 1 福建海源复合材料科技股份有限公司 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。 公司负责人甘胜泉、主管会计工作负责人张忠及会计机构负责人(会计主管 人员)鄢继光声明：保证季度报告中财务报表的真实、准确、完整。 2 福建海源复合材料科技股份有限公司 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 ...