Market Conditions and Risks - The company reported a significant risk of market weakness due to multiple COVID-19 outbreaks, particularly in key markets like Hebei, Shanghai, and Zhejiang, impacting overall consumer spending capacity[4]. - The company is facing risks related to new projects, such as neutral borosilicate pharmaceutical glass and photovoltaic special glass, which may not meet market expectations[4]. - The company is focusing on expanding marketing channels and optimizing production capacity and product structure to counteract adverse market conditions[4]. - The company plans to strengthen risk management and improve operational efficiency to mitigate the impact of market fluctuations[44]. - The company is addressing investment funding gaps by enhancing inventory turnover and financing channels to ensure operational and project funding security[95]. Financial Performance - The company's operating revenue for the first half of 2022 was ¥523,493,466.17, representing a 16.34% increase compared to ¥449,985,481.51 in the same period last year[22]. - The net profit attributable to shareholders decreased by 79.86% to ¥3,433,221.16 from ¥17,045,399.60 year-on-year[22]. - The net profit after deducting non-recurring gains and losses increased by 103.76% to ¥5,360,799.36 from ¥2,630,984.85 in the previous year[22]. - The net cash flow from operating activities was negative at -¥26,714,585.75, a decline of 164.71% compared to ¥41,283,833.41 in the same period last year[22]. - Basic and diluted earnings per share both fell by 79.77% to ¥0.0088 from ¥0.0435 year-on-year[22]. Production and Operations - The company’s glass production volume increased by 5.42% year-on-year to 87,766.74 tons, while sales volume decreased by 2.38% to 79,471.50 tons[38]. - The average selling price of glass increased by 17.67% year-on-year, contributing to a gross margin increase of 3.72%[37]. - The company completed the ignition of a new automatic production line for high-end cosmetic bottles, enhancing its capabilities in high-end packaging[34]. - The company is focusing on upgrading its production lines with advanced energy-saving technologies to meet industry trends[33]. - The company is actively expanding its e-commerce business, achieving over 50% growth in export trade compared to the same period last year[36]. Environmental Management - The company is classified as a key pollutant discharge unit by the environmental protection department[106]. - Major pollutants include particulate matter, sulfur dioxide, and nitrogen oxides, with a total discharge of 29.72 tons in 2020[106]. - The company has implemented a treatment plan to ensure emissions meet the standards, with specific limits of 30 mg/m³ for particulate matter and 200 mg/m³ for sulfur dioxide[106]. - The total annual discharge of wastewater is reported at 16.02 tons, adhering to the GB8978-1996 standards[106]. - The company has invested 2,190 million yuan in environmental protection in 2020, including 1,230 million yuan for equipment construction to upgrade desulfurization and denitrification systems for three glass furnaces[108]. Research and Development - R&D investment rose significantly by 127.09% to ¥2,666,522.60, reflecting the company's commitment to enhancing its research and development efforts[53]. - The company is actively engaged in new technology development and market expansion strategies to enhance its competitive edge[80]. - New product development includes advancements in conductive glass and energy-saving glass products, targeting the electronics and solar energy sectors[83]. - The company has allocated 73.94 million yuan for research and development in the current period, emphasizing its commitment to innovation[187]. - The company plans to expand its market presence and invest in new product development to drive future growth[180]. Shareholder and Capital Structure - The company will not distribute cash dividends, issue bonus shares, or increase share capital from reserves[7]. - The total number of ordinary shareholders at the end of the reporting period is 23,475[146]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, totaling 124,159,350 shares, with 49,000,000 shares pledged[146]. - The total number of limited shares is 391,950,700, representing 100% of the total shares[144]. - There are no foreign shareholders holding shares in the company[143]. Future Outlook - The company has set a performance guidance for the second half of 2022, aiming for a revenue increase of 15% year-over-year[134]. - The overall market outlook remains positive, with expectations of continued growth in the glass and home goods sectors[80]. - The management provided a performance guidance indicating a cautious outlook for the next quarter, anticipating a potential recovery in demand[180]. - The company plans to enhance its logistics and distribution capabilities to improve operational efficiency[80]. - The company aims to improve operational efficiency and reduce costs by 5% in the upcoming fiscal year[183].

Financial Performance - The company's revenue for Q1 2022 was ¥245,152,059.31, representing a 5.35% increase compared to ¥232,697,204.08 in the same period last year[3]. - Net profit attributable to shareholders decreased by 77.70% to ¥2,579,909.35 from ¥11,566,817.74 year-on-year[3]. - Basic and diluted earnings per share fell by 77.63% to ¥0.0066 from ¥0.0295 in the same period last year[3]. - Net profit for Q1 2022 decreased to CNY 247.45 million, down 78.56% from CNY 1,154.26 million in Q1 2021[18]. - Operating profit decreased to ¥3,451,972.04 from ¥14,365,841.95, marking a decline of about 76.0%[33]. - Total comprehensive income for the current period was ¥448,326.35, down from ¥16,469,981.16, indicating a decrease of approximately 97.3%[34]. Cash Flow - The net cash flow from operating activities was negative at -¥26,983,812.84, a decline of 312.49% compared to ¥12,698,902.26 in the previous year[3]. - Operating cash inflow for Q1 2022 was CNY 25,926.23 million, an increase of 25.17% compared to CNY 20,712.83 million in Q1 2021[19]. - Cash outflow for purchasing goods and services increased by CNY 8,160.41 million, a rise of 64.36% compared to the previous year[20]. - Net cash flow from investment activities was CNY -16,051.11 million, a decrease of 330.34% from CNY -3,729.90 million in the same period last year[21]. - Cash inflow from financing activities increased to CNY 23,692.15 million, up 308.64% from CNY 5,797.83 million in Q1 2021[21]. - The net cash flow from investment activities was -160,511,078.66 CNY, compared to -37,298,958.08 CNY in the previous year[38]. - The net increase in cash and cash equivalents was -39,121,758.09 CNY, compared to -12,235,610.31 CNY in the previous year[38]. Assets and Liabilities - Total assets increased by 4.52% to ¥2,706,802,786.92 from ¥2,589,769,714.69 at the end of the previous year[3]. - Total liabilities increased to CNY 123,907.34 million, reflecting a growth of 10.37% from CNY 112,264.06 million[13]. - The total assets of the company reached CNY 270,680.28 million, an increase of 4.52% from CNY 258,976.97 million[13]. - The total liabilities of the company reached CNY 1,239,073,430.49, compared to CNY 1,122,640,640.51 at the beginning of the year, marking an increase of about 10.4%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,984[24]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, totaling 124,159,350 shares[24]. Expenses - Operating costs for Q1 2022 were CNY 24,113.30 million, an increase of 4.52% from CNY 23,069.87 million in Q1 2021[15]. - Financial expenses surged to CNY 573.81 million, a significant increase of 436.37% compared to CNY 106.98 million in Q1 2021[16]. - Research and development expenses increased by 10.28% to CNY 68.01 million from CNY 61.67 million in Q1 2021[15]. - The company reported a significant increase in financial expenses, which rose to ¥5,738,062.84 from ¥1,069,843.27, indicating an increase of about 436.5%[33]. Other Financial Metrics - The company reported a significant decline in the weighted average return on equity to 0.18% from 0.80% year-on-year[3]. - The company received CNY 1,800.00 million in investment income, an increase of 229.22% compared to CNY 546.74 million in Q1 2021[21]. - The company provided a guarantee for a loan of CNY 500 million for Chuzhou Zhongdu Ruihua Mining Development Co., Ltd., corresponding to its 30% equity stake[26].

Financial Performance - The company's operating revenue for 2021 was ¥957,191,856.38, representing a 22.20% increase compared to ¥783,326,502.46 in 2020[24]. - The net profit attributable to shareholders in 2021 was ¥8,694,882.21, a significant increase of 69.02% from ¥5,144,241.97 in 2020[24]. - The net profit after deducting non-recurring gains and losses was -¥1,729,839.58, showing a 94.46% improvement from -¥31,205,421.88 in 2020[24]. - The total assets at the end of 2021 were ¥2,589,769,714.69, a 29.58% increase from ¥1,998,532,795.33 at the end of 2020[24]. - The basic earnings per share for 2021 were ¥0.0222, up 69.47% from ¥0.0131 in 2020[24]. - The company's net profit attributable to shareholders was 8.69 million RMB, a year-on-year increase of 69.02%[48]. - The company reported a net profit of 9,655,275.03 yuan, representing a decrease of 47.92% compared to the previous period[88]. - The company reported a net profit of 240 million yuan for the year 2021, reflecting a significant increase compared to the previous year[106]. - The net profit attributable to shareholders was 50,107.33 million CNY, reflecting a decrease of 31,193.3 million CNY from the previous year[114]. Revenue and Sales - The company achieved a record sales revenue of 957.19 million RMB, representing a year-on-year growth of 22.20%[48]. - The revenue from kitchenware products was 109.68 million yuan, up 32.05% from the previous year, while the revenue from wine and water utensils was 689.11 million yuan, an increase of 24.19%[59]. - The total revenue for the year 2021 was 792,991,734 CNY, representing a year-on-year increase of 23.33% compared to 642,960,939 CNY in 2020[70]. - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[160]. - User data indicates a growth in customer base by 20%, reaching a total of 1 million active users[160]. - The company plans to launch two new product lines in Q2 2022, aiming for a 10% increase in market share within the next year[169]. Investment and Capital Expenditure - The company plans to enhance profitability by entering the new glass materials sector and expanding overseas, despite potential investment decision-making errors[4]. - The company has allocated 2 billion yuan for investment in new projects and technology upgrades in 2021[107]. - The investment amount for the reporting period was 1,506,750 yuan, a 100% increase compared to the previous year, mainly due to increased investment in Fengyang Rural Commercial Bank[96]. - The company is in the process of constructing a new facility for glass products, with an estimated investment of 300.0 million yuan[100]. Production and Capacity - The company's production capacity increased by 24.82% compared to 2020 and 12.39% compared to 2019, achieving a historical high in production capacity and finished product weight[40]. - The overall finished product rate of the parent company reached 80.88%, marking a historical high[40]. - The production volume for the year was 179,591.96 tons, an increase of 26.86% compared to the previous year, while sales volume reached 166,205.22 tons, up 18.12% year-on-year[49]. - The company reported a 25% increase in production capacity for glass products, aiming to meet the rising market demand[119]. Challenges and Risks - The company faces risks related to the ongoing COVID-19 pandemic, which may lead to a weakened overall market in the near future[4]. - There is a significant investment funding gap risk due to multiple upcoming projects requiring substantial capital investment[4]. - The company faced significant challenges from global geopolitical conflicts and fluctuating commodity prices, impacting overall industry profitability[38]. - The company has established a comprehensive internal risk control system to mitigate investment risks[4]. Research and Development - The company is actively involved in the development of new products and technologies to enhance its market position[39]. - Research and development expenses amounted to 2,427,439.31 CNY, a 4.89% increase from 2,314,227.85 CNY in 2020, accounting for 0.25% of total revenue[77]. - The company is focusing on the development of new technologies and materials to improve product quality and sustainability[106]. Corporate Governance and Management - The company has established a comprehensive performance evaluation system for senior management, linking annual salaries to the completion of annual operational targets[146]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[144]. - The company has implemented a three-year shareholder return plan for 2021-2023, demonstrating a commitment to shareholder value[143]. - The company emphasizes transparent information disclosure, utilizing multiple media outlets for timely communication with investors[146]. Market Expansion and Strategy - The company plans to expand its market presence through strategic partnerships and new product developments in the glassware sector[106]. - The company is actively pursuing opportunities in e-commerce and international trade to diversify its revenue streams[113]. - Future guidance suggests a cautious outlook due to market volatility, with expected revenue growth of approximately 10% in the upcoming fiscal year[114]. - The company aims to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[160]. Inventory and Supply Chain Management - The company’s inventory at the end of the period was 59,668.06 tons, an increase of 28.92% compared to the beginning of the year, due to market competition and pandemic impacts[50]. - The company recognized an inventory impairment provision of 27.80 million yuan during the reporting period, with 21.09 million yuan reversed from previously recognized provisions due to increased sales of long-term and slow-moving inventory[54]. - The company aims to eliminate 200,000 units of stagnant inventory over two years to improve cash flow and reduce storage pressure[136]. Employee and Workforce Management - The total number of employees at the end of the reporting period is 2,212, with 1,859 in the parent company and 353 in major subsidiaries[191]. - The professional composition includes 976 production personnel, 136 sales personnel, 769 technical personnel, 31 financial personnel, and 300 administrative personnel[191]. - The educational background of employees shows 11 with postgraduate degrees, 155 with bachelor's degrees, 225 with associate degrees, and 1,821 with vocational or lower education[191].

Financial Performance - The company's revenue for Q3 2021 was ¥237,106,691.89, representing an increase of 8.19% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥2,801,158.25, a decrease of 157.76% year-on-year[3] - The net profit after deducting non-recurring gains and losses was a loss of ¥3,538,133.74, down 285.76% compared to the previous year[3] - The basic earnings per share were -¥0.0072, a decrease of 158.06% year-on-year[3] - The weighted average return on equity was -0.19%, a decrease of 0.53% compared to the previous year[3] - Total operating revenue for the first three quarters of 2021 reached 687.09 million yuan, an increase of 26.79% compared to 541.91 million yuan in the same period of 2020[19] - Total operating costs increased to 676.73 million yuan, up 29.63% from 522.03 million yuan year-on-year[19] - Operating profit for the period was 198.27 million yuan, representing a 102.52% increase from 97.90 million yuan in the previous year[22] - Net profit surged to 139.54 million yuan, a remarkable increase of 2121.16% compared to a net loss of 6.90 million yuan in the same period last year[25] - Total profit for the period reached 219.18 million yuan, a substantial increase of 394.80% from 44.30 million yuan in the same period last year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,375,876,931.38, an increase of 18.88% from the end of the previous year[4] - Total liabilities increased to ¥898,099,238.98 from ¥529,546,940.76, indicating a rise in financial obligations[41] - Total equity attributable to shareholders at the end of the reporting period was ¥1,450,401,787.65, an increase of 0.77% from the previous year[4] - Total current assets increased to ¥876,388,652.75 from ¥758,438,050.38 year-over-year[39] - The company reported a total asset value of ¥1,998,532,795.33 as of the end of Q3 2021, slightly down from ¥2,001,270,110.03 at the beginning of the year[51] - Total equity was reported at CNY 1,468,985,854.57, with the equity attributable to shareholders of the parent company amounting to CNY 1,439,274,404.41[54] Cash Flow - The cash flow from operating activities for the year-to-date was ¥952,283.16, an increase of 105.47%[3] - The net cash flow from operating activities increased by 1,836.42 million, a growth of 105.47% compared to the same period last year[28] - Cash received from sales of goods and services rose by 9,291.16 million, representing a 16.51% increase year-on-year[28] - The net cash flow from operating activities for Q3 2021 was ¥952,283.16, a significant improvement compared to a net outflow of ¥17,411,870.27 in Q3 2020[48] - Total cash inflow from operating activities reached ¥712,001,728.33, up from ¥593,742,938.19 in the same period last year, indicating a growth of approximately 20%[48] - The net cash flow from investment activities decreased by 22,986.51 million, a decline of 584.06% year-on-year[30] - The net cash flow from financing activities increased by 8,921.60 million, a growth of 99.78% year-on-year[31] Government Subsidies - Non-recurring gains included government subsidies totaling ¥718,423.68 for the year-to-date[5] - The company received various government subsidies, including ¥2,872,000.00 for supporting the real economy and ¥800,800.00 for air pollution prevention[7] - Other income increased by 115.20% to 51.12 million yuan, mainly due to higher government subsidies received[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 23,173[33] - The largest shareholder, Shi Weidong, holds 31.68% of shares, amounting to 124,159,350 shares, with 49,000,000 shares pledged[33] Investment and Expenses - Investment income rose significantly by 238.33%, amounting to 263.43 million yuan, driven by increased returns from equity method investments[22] - Sales expenses increased by 45.43% to 154.83 million yuan, primarily due to higher sales operational costs and advertising expenses[22] - Research and development expenses grew by 5.55% to 17.66 million yuan, reflecting ongoing investment in innovation[22] - Financial expenses decreased by 45.35% to 40.42 million yuan, attributed to reduced foreign exchange losses from the previous year[22] Changes in Assets - Cash and cash equivalents decreased by 4,788.71 million CNY, a decline of 18.33% compared to the beginning of the year[11] - Accounts receivable increased by 824.59 million CNY, representing a growth of 7.48% due to increased sales[11] - Inventory rose by 7,633.90 million CNY, a growth of 24.31% compared to the previous period[11] - Other receivables surged by 5,257.66 million CNY, a significant increase of 392.56% due to land guarantee payments[11] - Prepayments increased by 898.40 million CNY, a growth of 102.53% driven by rising raw material prices[11] - Long-term borrowings increased by 3,494.99 million CNY, a rise of 172.65% due to new bank loans[16] Audit and Reporting - The third-quarter report was not audited, indicating that the figures may be subject to change upon final audit[55] - The company has implemented new leasing standards since January 1, 2021, affecting the financial reporting[55]

Investment and Financial Performance - The company reported a significant investment risk due to the need for substantial funding for multiple new projects, with a focus on refinancing and increasing credit lines to mitigate potential funding gaps [5]. - The company aims to enhance profitability by entering the new glass materials sector and expanding overseas, despite the risks of investment misjudgment and unmet expectations [5]. - The company's operating revenue for the reporting period was ¥449,985,481.51, representing a year-on-year increase of 39.42% compared to ¥322,758,192.02 in the same period last year [25]. - The net profit attributable to shareholders of the listed company reached ¥17,045,399.60, a significant increase of 527.46% from a loss of ¥3,987,575.98 in the previous year [25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,630,984.85, up 158.12% from a loss of ¥4,526,636.93 in the same period last year [25]. - The net cash flow from operating activities was ¥41,283,833.41, reflecting a substantial increase of 152.36% compared to ¥16,359,265.07 in the previous year [25]. - The total assets at the end of the reporting period amounted to ¥2,075,831,950.09, which is a 3.87% increase from ¥1,998,532,795.33 at the end of the previous year [25]. - The net assets attributable to shareholders of the listed company were ¥1,457,743,380.21, showing a slight increase of 1.28% from ¥1,439,274,404.41 at the end of the previous year [25]. - The company faced significant pressure from rising raw material and energy prices, with some material prices reaching multi-year highs, impacting profit margins [35]. - The company reported a 500% increase in shipping costs compared to pre-pandemic levels, affecting international trade market expansion efforts [35]. Project Development and Market Strategy - New projects, including neutral borosilicate pharmaceutical glass and photovoltaic special glass, may face market demand risks, with a commitment to the principle of "having a market before building a factory" to avoid market response risks [6]. - The company is actively working on new projects, including borosilicate glass and photovoltaic glass, with production capacity gradually being released [35]. - The company is focusing on strategic development in the silicon-based materials sector, aiming to enhance its leadership position in daily glass, photovoltaic glass, and medicinal glass markets [41]. - The company is expanding its product lines, including the development of photovoltaic glass and medicinal glass, which are expected to provide new market opportunities and profit growth [37]. - The company plans to expand into new markets, including neutral borosilicate pharmaceutical glass and photovoltaic special glass, despite potential risks of market expectations not being met [100]. Operational Efficiency and Cost Management - Operating costs rose to ¥380,880,453.59, a 48.42% increase from ¥256,622,940.40, driven by higher material costs and increased sales volume [46]. - Sales expenses increased by 74.30% to ¥10,977,498.55, attributed to higher advertising and exhibition service costs due to increased sales revenue [46]. - The company’s management expenses rose by 22.94% to ¥45,760,627.77, mainly due to increased maintenance and labor costs associated with expanded production capacity [46]. - Income tax expenses surged by 402.02% to ¥5,212,310.36, reflecting a significant increase in the company's taxable income compared to the previous year [46]. Research and Development - R&D investment increased to ¥1,174,229.18, up 12.42% from ¥1,044,516.09 [47]. - The company is involved in the research and development of new technologies, including energy-saving and micro-electronic glass products, as well as solar energy materials [87]. - The company is committed to enhancing its production capabilities and improving product quality through ongoing research and development efforts [72]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with ongoing efforts to manage and reduce emissions in compliance with environmental standards [109]. - The total environmental investment for the first half of 2021 amounted to RMB 546.5 million, with operational costs of RMB 395.5 million and equipment investment of RMB 151 million [111]. - The company has been actively involved in community donations and poverty alleviation efforts, demonstrating its commitment to social responsibility [117]. - The company has established a detailed poverty alleviation plan, leveraging its industrial advantages to support local agricultural development [118]. Shareholder and Equity Information - No cash dividends or stock bonuses will be distributed to shareholders for this period [7]. - The total number of ordinary shareholders at the end of the reporting period is 26,714 [168]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, totaling 31,039,838 shares [169]. - The company has not experienced any changes in its controlling shareholder during the reporting period [172]. - The total number of restricted shares at the end of the period is 0, following the release of 1,425,000 restricted shares [165]. Financial Management and Investments - The company has a total of CNY 350 million in bank wealth management products, with no overdue amounts or impairment provisions [146]. - The company reported a total of CNY 350 million in wealth management funds, indicating a stable liquidity position [146]. - The company is actively pursuing growth opportunities through strategic partnerships and capital increases in its subsidiaries [149]. - The company completed a capital increase of CNY 10 million for its wholly-owned subsidiary, Bengbu Delixi Energy Materials Co., Ltd., on January 11, 2021 [149].

安徽德力日用玻璃股份有限公司 2021 年第一季度报告全文 安徽德力日用玻璃股份有限公司 2021 年第一季度报告 2021 年 04 月 1 安徽德力日用玻璃股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 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 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。 公司负责人施卫东、主管会计工作负责人俞乐及会计机构负责人(会计主管人员)俞乐声 明：保证季度报告中财务报表的真实、准确、完整。 2 安徽德力日用玻璃股份有限公司 2021 年第一季度报告全文 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 232,697,204.08 | 137,864,920.86 | 68.79% | | 归属于上市公司股东的净利润（元） | 11,566,817.74 | -2 ...

Financial Performance - The company's total revenue for 2020 was ¥783,326,502.46, representing a decrease of 9.68% compared to ¥867,311,207.24 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥5,144,241.97, a decline of 61.87% from ¥13,491,799.29 in 2019[21]. - The net profit after deducting non-recurring gains and losses was -¥31,205,421.88, a decrease of 188.16% compared to ¥35,395,910.43 in 2019[21]. - The net cash flow from operating activities was ¥26,765,309.11, down 76.53% from ¥127,235,271.35 in 2019[21]. - Basic earnings per share for 2020 were ¥0.0131, a decrease of 61.92% from ¥0.0344 in 2019[21]. - The company reported a significant decline in main business revenue and profits due to the impact of the COVID-19 pandemic, with industry losses expanding to 25%[35]. - The company reported a revenue of RMB 783.33 million for the year 2020, a decrease of 9.68% compared to the previous year[52]. - Operating profit for the year was RMB 14.28 million, down 24.66% year-on-year[52]. - Total profit decreased by 63.79% to RMB 8.49 million compared to the previous year[52]. - The company reported a total sales revenue of 158,502,840 for non-metallic mineral products, with a significant contribution from its subsidiary Fengyang Derui Mining Co., Ltd.[115]. Market and Operational Challenges - The company faces risks related to the COVID-19 pandemic affecting capacity digestion, with potential market weakness due to ongoing overseas outbreaks[7]. - The company reported a negative net profit for the last three accounting years, indicating uncertainty in its ability to continue as a going concern[21]. - The company experienced a quarterly revenue increase, with Q4 2020 revenue reaching ¥241,413,586.79, up from ¥137,864,920.86 in Q1 2020[25]. - The company's foreign trade export value decreased by 6.9% in the reporting period, recovering from a 40% decline in the first half of the year[39]. - The company reported a significant decline in main business revenue and profits due to the impact of the COVID-19 pandemic, with industry losses expanding to 25%[35]. - The company is focusing on expanding its product offerings in household goods and cleaning products to capture more market share[116]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market presence and operational efficiency[116]. Strategic Initiatives - The company plans to enhance its profitability by entering the new glass materials sector and expanding overseas investments[9]. - The company aims to strengthen domestic and international e-commerce channels to effectively digest existing production capacity[7]. - The company is committed to establishing a robust internal risk control system and management team to mitigate investment decision-making risks[9]. - The company is actively expanding its market presence and has initiated the construction of a new production base in the southwest region[37]. - The company plans to enhance its core product competitiveness and improve risk management in response to the challenges posed by the COVID-19 pandemic[63]. - The company is focusing on the development of new glass products and technologies to meet market demands[119]. - The company is exploring opportunities for market expansion through strategic partnerships and acquisitions[117]. Investment and Financial Management - The company has a low debt-to-asset ratio and is exploring refinancing and increasing credit lines to mitigate funding gaps for upcoming projects[7]. - The company has significant funding requirements for multiple projects, including photovoltaic and pharmaceutical glass projects, as well as a joint venture in Pakistan[149]. - The company reported an investment income of CNY 86.54 million, accounting for 101.88% of the total profit, primarily from dividends received from equity investments[94]. - The company has established a comprehensive internal risk control system to mitigate investment decision-making risks[142]. - The company has committed to fulfilling its promises made during the initial public offering and refinancing, with ongoing compliance since April 2011[151]. Subsidiary Performance - The subsidiary Anhui Province Lain Precision Mould Manufacturing Co., Ltd. reported a net loss of 161.53 million yuan, indicating challenges in its operational performance[114]. - The subsidiary Yidelita (Chuzhou) Crystal Glass Co., Ltd. recorded a net loss of 1,848.62 million yuan, reflecting difficulties in the glassware manufacturing sector[114]. - The company’s subsidiaries are facing significant financial challenges, with multiple entities reporting substantial net losses[114]. - The company is focusing on enhancing its investment returns and optimizing its asset structure through strategic equity transfers[112]. Environmental and Social Responsibility - The company actively participated in community donations and public welfare activities, fulfilling its social responsibilities[183]. - The company established a precise poverty alleviation plan in collaboration with local impoverished villages[184]. - The company invested CNY 1.1 million in 2008 to build a wastewater treatment plant with a designed capacity of 20 tons per hour, which operates 365 days a year[189]. - The company reported a total waste gas emission of 16.83 tons for particulate matter and 26.7 tons for nitrogen oxides, adhering to the relevant emission standards[188]. - The company has received multiple environmental impact assessment approvals for various projects, including a production line for 400,000 glass utensils per day[190].

安徽德力日用玻璃股份有限公司 2020 年第三季度报告全文 安徽德力日用玻璃股份有限公司 2020 年第三季度报告 2020 年 10 月 1 明：保证季度报告中财务报表的真实、准确、完整。 2 安徽德力日用玻璃股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 安徽德力日用玻璃股份有限公司 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。 公司负责人施卫东、主管会计工作负责人俞乐及会计机构负责人(会计主管人员)俞乐声 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,996,715,201.99 | 1,934,518,088.76 | | 3.22% | | 归属于上市公司股东的净资产 | 1,435,8 ...

Financial Performance - Net profit attributable to shareholders decreased by 80.29% to CNY 4,849,450.28 for the current period[9] - Operating revenue for the current period was CNY 219,154,723.65, a decrease of 0.14% year-on-year[9] - Basic earnings per share dropped by 80.25% to CNY 0.0124[9] - The company reported a significant decrease in net profit attributable to shareholders by 98.04% for the year-to-date period[9] - The net profit after deducting non-recurring gains and losses was CNY 1,904,706.32, an increase of 79.06% compared to the same period last year[9] - The company's total operating revenue for the first nine months of 2020 was CNY 54,191.29 million, a decrease of 10.50% compared to CNY 60,549.93 million in the same period of 2019[28] - The net profit for the first nine months of 2020 was CNY -69.04 million, a decline of 101.58% compared to CNY 4,376.41 million in the same period of 2019[28] - The total profit decreased by CNY 4,661.31 million, a decline of 91.32%, influenced by reduced operating profit and increased non-operating expenses[32] - The net profit for Q3 2020 was CNY 4.95 million, a significant decrease of 79.93% compared to CNY 24.53 million in Q3 2019[69] - The total comprehensive income for Q3 2020 was CNY 2.90 million, a decrease of 89.09% from CNY 26.63 million in the same quarter last year[67] Assets and Liabilities - Total assets increased by 2.33% to CNY 1,979,521,241.99 compared to the end of the previous year[9] - Total liabilities and equity showed a slight decrease of 0.09% in net assets attributable to shareholders[9] - Total assets increased by 2.33% to CNY 197,952.12 million as of September 30, 2020, compared to CNY 193,451.81 million at the end of 2019[20] - Total liabilities increased by 9.98% to CNY 51,378.39 million, up from CNY 46,715.76 million[23] - Total equity decreased slightly by 0.11% to CNY 146,573.73 million from CNY 146,736.04 million[23] - Current liabilities totaled CNY 454,487,651.92, an increase from CNY 426,246,484.04 in the previous year[61] - The total assets of the company at the end of Q3 2020 were CNY 1,976,881,601.18, compared to CNY 1,954,857,944.94 at the end of 2019[62] - Total liabilities amount to 436,247,919.63[97] - Total equity stands at 1,518,610,025.31, with retained earnings of 124,961,541.57[97] Cash Flow - Net cash flow from operating activities was negative at CNY -33,771,135.34, a decline of 233.90%[9] - The company's cash flow from operating activities showed significant changes, with further details to be analyzed[33] - Cash received from sales of goods and services decreased by 50.12 million, down 8.18% year-on-year[36] - The net cash flow from operating activities decreased by 63.02 million, a decline of 138.17% compared to the same period last year[36] - Cash inflow from financing activities increased to 196,934,708.86 yuan, up 142.2% from 81,358,918.46 yuan in the previous period[82] - The net cash flow from financing activities was 89,415,592.21 yuan, compared to 17,862,301.95 yuan in the previous period, showing a substantial increase[82] - The total cash and cash equivalents at the end of the period amounted to 104,115,097.04 yuan, an increase from 83,973,665.30 yuan in the previous period[86] Operational Changes - The company's financial expenses increased by CNY 774.44 million, a staggering growth of 2226.04%, primarily due to increased loan interest expenses[29] - The company's sales expenses decreased by CNY 1,525.18 million, a reduction of 58.89%, largely due to the impact of the COVID-19 pandemic[28] - The company is actively organizing construction teams to resume project construction affected by the COVID-19 pandemic[44] - The company plans to focus on market expansion and new product development to improve future performance and profitability[70] Investments - The company plans to invest CNY 100 million to establish DeLi (Beihai) Glass Co., Ltd. in the Beihai Iron and Steel Port Industrial Park, Guangxi[43] - DeLi Pharmaceutical Glass Co., Ltd. was established with an investment of CNY 100 million in Fengyang County, Anhui Province[44] - The investment income decreased by CNY 472.11 million, down 37.75%, mainly due to reduced investment returns from subsidiaries[30] - The investment income from joint ventures and associates was CNY 3.44 million, down from CNY 8.17 million in the previous year[78] Revenue Recognition - The company has implemented new revenue recognition standards starting in 2020, affecting the presentation of contract liabilities[91] - The company has implemented the new revenue recognition standard since 2020, adjusting the presentation of advance receipts to contract liabilities[97]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥322,758,192.02, a decrease of 16.39% compared to ¥386,036,996.28 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was -¥3,987,575.98, representing a decline of 120.48% from ¥19,474,709.04 in the previous year[25]. - The net cash flow from operating activities was ¥16,359,265.07, down 19.78% from ¥20,393,185.67 in the same period last year[25]. - The basic earnings per share were -¥0.0102, a decrease of 120.52% compared to ¥0.0497 in the previous year[25]. - The company achieved a revenue of CNY 32,275.82 million in the first half of 2020, a decrease of 16.39% compared to the same period last year[48]. - The net profit attributable to shareholders was CNY -398.76 million, down 120.48% year-on-year[48]. - The sales volume of glass products was 58,155.42 tons, an 8.31% decrease compared to the previous year[50]. - The company’s gross profit margin decreased by 0.88% to 20.30% due to the impact of the COVID-19 pandemic[49]. - The company reported a net loss of approximately CNY 1.11 million for the first half of 2020, compared to a net loss of CNY 645,104.46 in the same period last year, indicating a significant decline in performance[107]. - The total comprehensive income for the first half of 2020 was CNY -1.11 million, a decrease from CNY -4.04 million in the previous year[107]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,956,447,349.70, an increase of 1.13% from ¥1,934,518,088.76 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥1,432,326,376.39, a decrease of 0.34% from ¥1,437,141,012.77 at the end of the previous year[25]. - The company's total assets as of June 30, 2020, amounted to CNY 1,956,447,349.70, an increase from CNY 1,934,518,088.76 as of December 31, 2019, reflecting a growth of approximately 1.2%[188]. - Total liabilities increased to CNY 493,598,566.27 from CNY 467,157,645.53, which is an increase of about 5.6%[188]. - Short-term borrowings rose to CNY 10,912.92 million, representing 5.58% of total liabilities, an increase of 2.37% compared to the previous year[78]. - The company's cash and cash equivalents decreased to CNY 19,251.06 million, accounting for 9.84% of total assets, down from 10.70% year-on-year[77]. Operational Challenges - The company faces risks related to the COVID-19 pandemic affecting capacity digestion and market recovery[6]. - During the reporting period, the company faced challenges due to the COVID-19 pandemic, leading to a decrease in overall market demand and production capacity[35]. - The company anticipates continued price volatility in raw materials, impacting profitability[8]. - The company has implemented measures to enhance the competitiveness of core products and manage raw material price fluctuations[59]. Strategic Initiatives - The company plans to enhance profitability by entering the new glass materials sector and expanding overseas investments[9]. - The company is expanding its overseas market presence, with a focus on establishing parallel domestic and international sales channels[41]. - The company plans to continue focusing on product development and market expansion despite the challenges posed by the pandemic[74]. - The company is actively pursuing new strategies to enhance operational efficiency and reduce costs[97]. Government Support and Subsidies - The company received various government subsidies totaling approximately ¥4,633,737.61, which includes funds for environmental protection and employment support[30]. - The company reported a total of ¥1,595,881.03 in government subsidies related to business operations during the reporting period[29]. - The company received a tax refund of ¥471.59 million, an increase of 191.80% compared to the previous year[66]. Environmental Compliance - The company faced an environmental penalty of CNY 400,000 due to non-compliance with environmental protection facility standards[127]. - The company has implemented repairs and modifications to the denitrification system of its kiln to meet emission standards[128]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[145]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 32,757[163]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, totaling 124,159,350 shares, with 49 million shares pledged[163]. - The total number of shares is 391,950,700, with 27.48% being restricted shares[161]. - The company has not conducted any repurchase transactions during the reporting period[166]. Research and Development - Research and development expenses decreased by 30.06% to 1.04 million due to halted operations during the pandemic[64]. - The company has established a management academy to enhance core technology and management capabilities[41].