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].

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[24]. - The net profit attributable to shareholders was a loss of ¥3,987,575.98, representing a decline of 120.48% from a profit of ¥19,474,709.04 in the previous year[24]. - 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[24]. - The basic earnings per share were -¥0.0102, a decrease of 120.52% compared to ¥0.0497 in the previous year[24]. - The gross profit margin decreased to 20.30%, down 0.88% from 21.18% in the same period last year[48]. - The company reported a net profit and net asset difference situation according to overseas accounting standards and Chinese accounting standards does not exist during the reporting period[26]. - The company recorded a sales revenue of 322,758,192.02 yuan, a decrease of 16.39% compared to the previous year, attributed to the impact of the COVID-19 pandemic[64]. - The company's total revenue for the first half of 2020 was CNY 322,758,192.02, a decrease of 16.39% compared to the same period last year[72]. - The net profit for the first half of 2020 was -39,562.73 million CNY, indicating a loss compared to the previous year[98]. - The total comprehensive income for the first half of 2020 was a loss of CNY 1.11 million, compared to a comprehensive income of CNY 4.04 million in the previous year, reflecting a substantial decrease[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[24]. - The net assets attributable to shareholders decreased by 0.34% to ¥1,432,326,376.39 from ¥1,437,141,012.77 at the end of the previous year[24]. - The company's total assets amounted to CNY 1,972,794,804.09, an increase from CNY 1,954,857,944.94 at the end of 2019[191]. - The total liabilities rose to CNY 493,598,566.27 from CNY 467,157,645.53, indicating an increase of about 5.6%[186]. - The company's equity attributable to shareholders decreased slightly to CNY 1,432,326,376.39 from CNY 1,437,141,012.77, a decline of approximately 0.3%[187]. Market and Operational Strategy - The company plans to enter the glass new materials sector and expand overseas to enhance profitability, addressing structural overcapacity and trade barriers[9]. - The company maintained its main business operations in the production and sales of daily glassware, with no significant changes in its operational model during the reporting period[34]. - The company has established a full industry chain from product research and development to manufacturing and processing, positioning itself as a leading enterprise in the industry[36]. - The company is expanding its overseas market presence, with a focus on establishing parallel domestic and international sales channels[40]. - The company plans to enhance its brand presence overseas through various registration and promotion strategies[41]. - The company is exploring new market opportunities in the international trade of glass and ceramic products[97]. Risks and Challenges - Risks include fluctuations in raw material prices and the impact of the COVID-19 pandemic on production capacity and market recovery[6][8]. - The company faces risks related to the COVID-19 pandemic, including challenges in capacity digestion and fluctuations in raw material prices, which may impact profitability[114][115]. Investment and Financial Management - The company has introduced internationally advanced fully automated production lines and key technologies to enhance production efficiency[34]. - The company has accumulated fixed asset impairment provisions of 71,137,200 yuan and construction in progress impairment provisions of 19,475,600 yuan as of the balance sheet date[60]. - The company made a significant equity investment of CNY 2,050,000,000 in Anhui Fengyang Rural Commercial Bank, acquiring a 9.99% stake[84]. - The company reported a credit impairment loss of ¥14.37 million in the first half of 2020, compared to ¥4.82 million in the first half of 2019[198]. Environmental and Social Responsibility - The company faced an environmental penalty of 400,000 CNY due to non-compliance with environmental protection facility standards[127]. - The company has implemented repairs and modifications to the denitrification system of its kiln, achieving standard emissions[128]. - The company helped 16 registered impoverished individuals achieve poverty alleviation through employment in the first half of the year[151]. Shareholder Information - The total number of shares is 391,950,700, with 27.48% being restricted shares and 72.52% being unrestricted shares[161]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, totaling 124,159,350 shares, with 49,000,000 shares pledged[163]. - The company has a total of 32,757 shareholders at the end of the reporting period[163]. - The company has not issued any new shares or conducted any share buybacks during the reporting period[162].

Financial Performance - The company's operating revenue for Q1 2020 was ¥137,864,920.86, a decrease of 24.81% compared to ¥183,345,674.52 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥2,952,895.39, representing a decline of 192.12% from a profit of ¥3,205,531.64 in the previous year[8]. - Basic and diluted earnings per share were both -¥0.0075, down 191.46% from ¥0.0082 in the previous year[8]. - Total profit for Q1 2020 was -376.08 million, a decrease of 710.21 million or 212.55% compared to Q1 2019[25]. - Net profit for Q1 2020 was -407.74 million, down 714.19 million or 233.05% year-over-year[25]. - The total comprehensive income for the period was -2,906,363.33 CNY, reflecting the overall financial challenges faced by the company[59]. Cash Flow - The net cash flow from operating activities improved to -¥9,812,185.34, a 73.46% increase compared to -¥36,977,425.07 in the same period last year[8]. - The cash inflow from operating activities decreased by 39.19% year-on-year, totaling 12,095.97 million CNY, primarily due to a 31.72% decrease in cash received from sales of goods and services[28]. - Cash inflow from investment activities surged by 592,533.33%, amounting to 1,066.74 million CNY, driven by a 100% increase in cash received from investment income[30]. - The net cash flow from investment activities decreased by 18.66% year-on-year, totaling -3,140.52 million CNY, influenced by increased cash payments for fixed assets[31]. - Cash inflow from financing activities increased by 109.59% year-on-year, reaching 4,441.72 million CNY, supported by a 354.27% rise in cash received from investments[32]. - The net cash flow from financing activities rose by 21.07% year-on-year, totaling 2,363.64 million CNY, reflecting higher borrowings[32]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,957,782,234.81, an increase of 1.20% from ¥1,934,518,088.76 at the end of the previous year[8]. - The company's total liabilities increased by 5.30% to CNY 49,193.92 million from CNY 46,715.76 million[19]. - The total equity attributable to shareholders decreased by 0.24% to CNY 143,373.45 million, down from CNY 143,714.10 million[19]. - Cash and cash equivalents decreased by 3.19% to CNY 20,040.24 million, down from CNY 20,701.52 million[17]. - Inventory increased by 18.01% to CNY 36,536.77 million, compared to CNY 30,959.81 million at the end of 2019[17]. - Short-term borrowings rose by 30.66% to CNY 8,107.18 million, up from CNY 6,204.71 million[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,150[12]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, with 93,119,512 shares pledged[13]. Expenses and Costs - Total operating costs for Q1 2020 were 132.52 million, down 4,323.30 million or 24.60% year-over-year[22]. - Sales expenses decreased by 427.88 million, a reduction of 49.93% compared to the same period last year, primarily due to reduced sales activities caused by the COVID-19 pandemic[23]. - R&D expenses fell by 34.73 million, a decrease of 41.96%, as R&D activities were halted during the pandemic[24]. - Financial expenses increased by 194.11 million, a rise of 150.15%, mainly due to higher fees and foreign exchange losses[24]. - Credit impairment losses increased by 383.31 million, up 176.66%, due to delayed receivables collection caused by the pandemic[24]. Future Projections - The company expects a net loss for the first half of 2020, projecting a net profit between -450 million CNY and -300 million CNY, compared to a net profit of 1,947.47 million CNY in the same period last year[35]. Compliance and Governance - The company reported no derivative investments during the reporting period, indicating a conservative investment strategy[42]. - There were no instances of non-compliance with external guarantees or non-operational fund occupation by major shareholders during the reporting period[39][40].

Financial Performance - The company's operating revenue for 2019 was ¥867,311,207.24, representing a 9.14% increase compared to ¥794,655,649.56 in 2018[19]. - The net profit attributable to shareholders for 2019 was ¥13,491,799.29, a significant turnaround from a loss of ¥127,896,759.89 in 2018, marking a 110.55% increase[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥35,395,910.43, up 127.24% from a loss of ¥129,929,470.52 in 2018[19]. - The net cash flow from operating activities reached ¥127,235,271.35, a remarkable increase of 226.98% from ¥38,911,663.33 in 2018[19]. - Basic earnings per share for 2019 were ¥0.0344, compared to a loss of ¥0.3263 per share in 2018, reflecting a 110.54% improvement[19]. - The total assets at the end of 2019 were ¥1,934,518,088.76, which is a 9.65% increase from ¥1,764,325,150.14 at the end of 2018[19]. - The net assets attributable to shareholders increased by 2.31% to ¥1,437,141,012.77 from ¥1,404,716,156.92 in 2018[20]. - The weighted average return on equity improved to 0.95% in 2019 from -8.71% in 2018, indicating a positive trend in profitability[19]. - The company reported a quarterly revenue increase, with the fourth quarter revenue reaching ¥261,811,895.56, up from ¥183,345,674.52 in the first quarter[24]. Market Conditions and Challenges - The company reported a significant impact from the COVID-19 pandemic, leading to challenges in capacity digestion and a slow recovery in the domestic market, particularly affecting the restaurant industry[6]. - Fluctuations in raw material prices, particularly for energy and chemical materials, are expected to continue, posing challenges to the company's profitability and efforts to return to profitability[6]. - The company emphasizes the uncertainty of achieving operational goals due to market conditions and management efforts, urging investors to maintain risk awareness[7]. - The company faces increased exchange rate risks due to the enhanced flexibility of the RMB exchange rate and its expansion into overseas markets[7]. - The overall industry saw a cumulative increase in finished goods inventory growth, reaching a high point not seen in the last decade, indicating structural overcapacity issues[34]. - The company anticipates challenges in capacity digestion due to the global spread of COVID-19, impacting both domestic and international markets[137]. Investment and Expansion Plans - The company plans to enhance profitability by entering the new materials glass sector and pursuing overseas investments, although there are risks associated with investment decisions[7]. - The company has established a comprehensive internal risk control system to mitigate investment risks associated with market research and operational management[7]. - The company is actively expanding its overseas market presence, with joint ventures established to enhance sales channels abroad[44]. - The company plans to invest in several projects, including the high-boron industrial glass project and the renovation of milk bottle machines, which require significant funding[143]. - The company plans to enhance its management and technical capabilities through the establishment of a management academy[43]. - The company is focusing on expanding its market presence through new product development and technological advancements[109]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and product offerings[92]. Profit Distribution and Financial Management - The board approved a profit distribution plan based on a base of 391,950,700 shares, with no cash dividends or bonus shares to be distributed[7]. - The company did not distribute any cash dividends in 2019, despite having a positive net profit available for distribution to common shareholders of CNY 124,961,541.57[143]. - The cash dividend total for 2019 was CNY 0.00, which represents 0% of the total distributable profit[143]. - The company cited poor performance in its main business and restrictions on bank financing as reasons for not distributing dividends in 2019[143]. - The company has committed to fulfilling its obligations and has not engaged in any non-operational fund occupation by controlling shareholders[147]. Subsidiaries and Joint Ventures - The company reported a net profit of 13,681,579.7 yuan from its subsidiary Yidelita Crystal Glass Co., Ltd., contributing significantly to overall profitability[108]. - The company established a wholly-owned subsidiary, DeLi Glass (Chongqing) Co., Ltd., with a registered capital of ¥30 million on October 10, 2019[155]. - The newly established Deli-JW Glassware Company Limited reported a net loss of 1.29 million yuan, but management expenses decreased compared to the previous year[121]. - The company has established multiple subsidiaries, including 100% ownership in manufacturing and trading firms such as Anhui Lain Precision Mould Manufacturing Co., Ltd. and Beijing Delishige Trading Co., Ltd.[123]. Research and Development - The company has a stable technical team and holds over 100 patents, contributing to its ongoing technological advantage[43]. - The company’s research and development expenses were ¥2,828,421.71 in 2019, a slight increase of 0.66% from ¥2,809,921.50 in 2018[77]. - The number of R&D personnel decreased by 9.52% from 21 to 19, resulting in a reduction in the proportion of R&D personnel from 1.04% to 0.89%[80]. - The company has entered the trial production phase for its glassware blowing robot project, which aims to automate production lines and improve efficiency[78]. - The company has obtained 2 utility model patents related to the glassware blowing robot technology, enhancing its innovation capabilities[78]. Environmental and Social Responsibility - The company invested 445.7 million CNY in environmental protection initiatives in 2019, including upgrades to pollution control facilities[185]. - The company has a wastewater treatment station with a designed capacity of 20 tons per hour, operating 365 days a year[185]. - The company actively participated in community donations and poverty alleviation activities, fulfilling its social responsibilities[176]. - The company provided job placements for 17 registered impoverished individuals as part of its poverty alleviation efforts[181]. Operational Efficiency and Cost Management - The company achieved a notable increase in production efficiency and reduced costs through various measures, enhancing its market competitiveness[38]. - The company aims to strengthen operational management and reduce costs to improve profitability amidst a challenging macroeconomic environment[57]. - The company will adopt a cost control model throughout project management, ensuring quality and timelines while minimizing costs[133]. - The company’s logistics and supply chain management improvements are expected to reduce operational costs by approximately 15%[112]. Risk Management - The company has established a comprehensive internal risk control system to mitigate investment risks associated with market research and operational management[7]. - The company plans to enhance its core product competitiveness and improve risk management related to raw material price fluctuations[57]. - The company faces risks from raw material price fluctuations, particularly in energy and chemical materials, which could impact profitability[137].