Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,641,105,048.80, representing a 23.10% increase compared to CNY 2,145,449,260.41 in the same period last year[25]. - Net profit attributable to shareholders was CNY 603,874,788.61, a significant increase of 160.28% from CNY 232,007,832.55 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 576,404,216.97, up 173.43% from CNY 210,801,356.39 year-on-year[25]. - Basic earnings per share increased to CNY 0.522, a rise of 159.70% compared to CNY 0.201 in the same period last year[25]. - The company's total assets at the end of the reporting period were CNY 10,669,507,159.21, reflecting a 4.42% increase from CNY 10,217,798,024.03 at the end of the previous year[25]. - The net assets attributable to shareholders increased to CNY 8,585,581,209.26, up 3.31% from CNY 8,310,419,100.41 at the end of the previous year[25]. - The net cash flow from operating activities was CNY 587,123,252.07, showing a slight increase of 1.03% from CNY 581,119,615.43 in the same period last year[25]. - The weighted average return on equity was 7.08%, an increase of 4.09% compared to 2.99% in the previous year[25]. Market Position and Strategy - The company has increased its market share in domestic projects, winning bids from major brands like Xiaomi and Hisense[41]. - The company has achieved a market share of over 70% in the high-end BOPET film sector, positioning itself as a global leader in the industry[54]. - The company is actively expanding its market presence in high-end applications, including MLCC, OCA, and polarizer films, to capitalize on domestic substitution trends[56]. - The company is positioned to benefit from the growing solar energy market, with the photovoltaic film market expected to approach 4 billion yuan in 2020[51]. - The company has established a comprehensive marketing service network covering major industrial clusters across the country, enhancing customer relationship management[60]. Research and Development - The company is focusing on R&D in new materials and technologies, particularly in the 5G application area, to maintain industry leadership[36]. - Research and development investment increased by 66.31% to ¥110,147,088.97, up from ¥66,228,254.79, reflecting the company's commitment to innovation and technology development[65]. - The company has invested heavily in R&D, leading to the development of high-performance, differentiated products, enhancing its competitive advantage in the market[47]. - The company has a strong focus on R&D and has built a complete core technology system, which is one of its core competitive advantages[58]. Operational Efficiency - Cost control measures have been implemented, leading to improved production efficiency and reduced costs[38]. - The company has optimized its product structure, with new materials accounting for over 70% of the five major business segments[37]. - The company has established a production capacity that allows for the continuous production of large orders, ensuring stable product quality[46]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - A stock incentive plan was introduced, granting 12.64 million shares to 251 key personnel, with performance targets set for net profit growth[42]. - The annual shareholders meeting had a participation rate of 42.90% on April 28, 2021, and the first extraordinary shareholders meeting had a participation rate of 43.22% on June 11, 2021[90]. - The company approved the 2021 restricted stock incentive plan on June 11, 2021, allowing the board to determine the grant date and manage the necessary procedures[95]. Risk Management - The company has identified potential risk factors that may adversely affect its future development strategy and operational goals[5]. - The company has not encountered any situations where entrusted financial management is expected to fail in recovering principal or has other potential impairment risks[128]. Environmental and Social Responsibility - The company is actively pursuing social responsibility initiatives, including applying for "green benchmark demonstration enterprise" status[100]. - The company reported no significant environmental penalties during the reporting period and is not classified as a key pollutant discharge unit[98]. Financial Health - The company reported a significant increase in undistributed profits, reaching CNY 2,096,530,067.75 as of June 30, 2021, compared to CNY 1,723,758,854.89 at the end of 2020, which is an increase of about 21.7%[179]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,402,400,882.80, representing 13.14% of total assets, an increase of 0.59% from the previous year[72]. - The company reported a significant increase in contract liabilities, which rose to CNY 145,155,460.35 from CNY 103,060,944.37, indicating a growth of approximately 40.8%[169].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,281,509,317.43, representing a 31.11% increase compared to ¥977,430,356.76 in the same period last year[8]. - Net profit attributable to shareholders for Q1 2021 reached ¥276,283,629.91, a significant increase of 215.20% from ¥87,653,051.92 in the previous year[8]. - The net profit after deducting non-recurring gains and losses was ¥274,024,320.36, up 233.57% from ¥82,148,435.01 year-on-year[8]. - Basic earnings per share for Q1 2021 were ¥0.239, reflecting a 214.47% increase compared to ¥0.076 in the same period last year[8]. - Operating revenue grew by 31.11% year-on-year, driven by market expansion in new materials and increased sales orders[18]. - Net profit increased by 215.2% year-on-year, attributed to quality improvement, value creation, and a "three-legged" marketing strategy[18]. - Total revenue for the period reached ¥1,281,509,317.43, a significant increase from ¥977,430,356.76 in the previous period, representing a growth of approximately 31%[55]. - Operating profit for the period was ¥324,888,151.26, compared to ¥105,558,120.57 in the previous period, indicating a substantial increase of about 207%[61]. - The total comprehensive income for the current period was ¥276,283,629.91, compared to ¥87,653,051.92 in the previous period, marking an increase of 214.5%[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,375,178,501.71, a 1.54% increase from ¥10,217,798,024.03 at the end of the previous year[8]. - Total assets amounted to ¥10,321,044,167.90, an increase from ¥10,194,197,628.18 in the previous period, showing a growth of about 1.24%[54]. - Total liabilities decreased to ¥1,888,461,226.55 from ¥1,907,378,923.62, reflecting a decline of approximately 1%[44]. - Total liabilities decreased to ¥1,840,289,886.33 from ¥1,888,590,671.27, indicating a reduction of about 2.55%[54]. - The total equity attributable to shareholders rose to CNY 8,486,717,275.16 from CNY 8,310,419,100.41, indicating an increase of approximately 2.1%[47]. Cash Flow - Cash inflow from operating activities increased by 36.18% year-on-year, primarily due to higher sales collections[18]. - The cash flow from operating activities was ¥111,476,949.48, slightly down from ¥120,655,132.55 in the previous period[75]. - Operating cash flow for the current period was ¥1,356,238,272.22, an increase from ¥984,046,387.38 in the previous period, representing a growth of approximately 37.8%[79]. - Cash inflow from sales of goods and services was ¥1,271,972,239.06, up from ¥956,591,306.75, reflecting a growth of about 33.0%[79]. - The company reported a cash outflow of ¥99,985,455.16 related to financing activities, with no cash inflow recorded in this category[82]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,083[12]. - The largest shareholder, Wu Peifu, held 26.07% of the shares, amounting to 301,388,029 shares, with 57,600,000 shares pledged[12]. Research and Development - Research and development expenses rose by 31.15% year-on-year, reflecting increased investment in R&D[18]. - Research and development expenses were ¥41,410,631.03, compared to ¥31,574,151.20 in the previous period, reflecting an increase of about 31%[58]. - The company is focusing on expanding its market presence and enhancing product development, as indicated by the increase in R&D expenses[58]. Other Financial Metrics - The weighted average return on equity was 3.27%, an increase of 2.13% from 1.14% in the previous year[8]. - The company reported non-recurring gains of ¥2,259,309.55, including government subsidies and investment management income[8]. - Management expenses increased by 65.31% year-on-year, primarily due to rising wages and employee benefits[18]. - The company received ¥82,279,940.44 in tax refunds, significantly higher than ¥24,877,680.05 in the previous period, marking an increase of approximately 230.5%[79].

Financial Performance - The company's operating revenue for 2020 was ¥5,061,313,756.89, representing a 13.17% increase compared to ¥4,472,306,660.48 in 2019[23] - The net profit attributable to shareholders for 2020 was ¥720,541,527.14, a significant increase of 315.33% from ¥173,486,372.58 in 2019[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥624,340,002.75, up 365.95% from ¥133,992,156.76 in the previous year[23] - The basic earnings per share for 2020 was ¥0.623, compared to ¥0.15 in 2019, marking a 315.33% increase[23] - Total revenue for the year reached ¥5,061,313,656.89, with a year-on-year increase of 25.4%[28] - Net profit attributable to shareholders was ¥720,540,526.14, representing a growth of 36.5% compared to the previous year[28] - The net profit after deducting non-recurring gains and losses was ¥624,340,000.00, an increase of 32.1% year-on-year[28] - The company reported a significant increase in cash flow from operating activities, totaling ¥1,184,206,000.00, up 45.3% from the previous year[28] - The company's total operating revenue for 2020 was approximately CNY 5.06 billion, a year-on-year increase of 13.17%[77] Assets and Liabilities - The total assets at the end of 2020 were ¥10,217,798,024.03, a 13.59% increase from ¥8,995,418,091.48 at the end of 2019[23] - Cash and cash equivalents have reached CNY 1,282,600,316.54, marking a 71.17% increase from the start of the year, driven by higher sales and improved collection of accounts receivable[45] - The company's total liabilities increased, with accounts payable rising to ¥169,434,002.97, reflecting increased procurement of raw materials[104] Cash Flow and Dividends - The net cash flow from operating activities for 2020 was ¥1,184,206,284.98, an increase of 11.08% from ¥1,066,072,945.52 in 2019[23] - The company plans to distribute a cash dividend of ¥2 per 10 shares, based on a total of 1,143,636,123 shares[6] - The cash dividend for 2020 represents 31.74% of the net profit attributable to ordinary shareholders, compared to 19.99% in 2019 and 71.96% in 2018[178] Research and Development - Research and development investment amounted to CNY 157 million, accounting for 3.11% of operating revenue, aimed at enhancing product quality and innovation[70] - The company developed and mass-produced 20 innovative products in 2020, including high-performance polyester and composite optical films[71] - The company applied for 57 new patents in 2020, including 30 invention patents and 27 utility model patents, enhancing its intellectual property portfolio[96] Market and Product Development - The company has established a diversified product portfolio across five major sectors, including optical materials and energy-saving films[36] - The company is actively developing high-performance, differentiated products to further increase its market share in the new materials sector[41] - The company aims to enhance its core competitiveness by accelerating product structure adjustments and focusing on high-end industries, including optical materials and energy-saving window films[142] Operational Efficiency - The company's production capacity utilization rate reached 91.8%, significantly higher than the industry average of 78%, with a product yield exceeding 95%[60] - The average output value per employee reached CNY 5.8 million, significantly higher than the industry average[72] - The company aims to reduce operational costs by 5% through efficiency improvements in the supply chain[164] Strategic Initiatives - The company plans to enhance its marketing strategy to deepen market penetration and expand its sales network nationwide[40] - The company aims to establish a million-ton new materials industrial base in the Yangtze River Delta, focusing on strategic emerging industries[65] - The company is focusing on the development of functional films, which have higher profit margins and broader growth potential, shifting competition from standard films to functional films[138] Risks and Challenges - The company has identified potential risk factors that may adversely affect its future development strategies and operational goals[6] - The company faces risks from intensified industry competition, which may lead to a decline in product profit margins despite its strong brand and product variety[147] - Fluctuations in the prices of key raw materials such as MEG and PTA, influenced by oil market trends, pose a risk to the company's gross margin and overall profitability[148]

Financial Performance - Net profit attributable to shareholders increased by 308.90% to CNY 218,440,699.30 for the reporting period[8]. - Operating revenue for the period rose by 14.04% to CNY 1,323,072,916.60 compared to the same period last year[8]. - Basic earnings per share increased by 309.09% to CNY 0.189[8]. - Net profit increased by 237.99% compared to the same period last year, attributed to enhanced efficiency and new product profitability[22]. - Operating cash flow increased by 64.99% compared to the same period last year, mainly due to increased cash received from sales[22]. - The company expects a cumulative net profit of approximately RMB 66,800 million for the year, representing a growth of 285% compared to the same period last year[31]. - The total comprehensive income for the period reached ¥218,440,699.30, compared to ¥53,421,547.47 in the previous period, indicating a growth of approximately 309.5%[70]. - Net profit for the current period was CNY 450,448,531.85, compared to CNY 133,274,015.15 in the previous period, indicating a significant increase of approximately 237.5%[81]. Assets and Liabilities - Total assets increased by 9.29% to CNY 9,831,079,258.02 compared to the end of the previous year[8]. - Cash and cash equivalents increased by 47.94% compared to the beginning of the period, primarily due to increased cash received from sales[22]. - The total current assets amounted to CNY 5,035,527,784.40, an increase from CNY 4,515,142,580.35, representing a growth of about 11.5%[44]. - Non-current assets totaled CNY 4,795,551,473.62, up from CNY 4,480,275,511.13, showing an increase of approximately 7%[47]. - The total liabilities increased to ¥1,739,203,541.63, up from ¥1,335,049,012.41, reflecting a growth of about 30.2%[60]. - The company's total liabilities included accounts payable of CNY 132,608,132.23, which increased from CNY 118,408,820.00, reflecting a growth of about 11.9%[47]. - The total liabilities included short-term borrowings and accounts payable, with accounts payable specifically at CNY 118.41 million[113]. Cash Flow - Net cash flow from operating activities increased by 44.69% to CNY 514,019,848.85[8]. - Cash inflows from operating activities amounted to ¥4,180,271,032.80, up from ¥3,634,510,338.94 in the previous period, reflecting a growth of approximately 15%[93]. - The net cash flow from operating activities was ¥1,095,139,464.28, compared to ¥663,773,040.96 in the previous period, representing an increase of about 65%[93]. - The net cash flow from investment activities was -¥786,721,876.44, a decline from a positive cash flow of ¥314,043,063.30 in the previous period[100]. - The cash outflow for operating activities was ¥3,085,131,568.52, compared to ¥2,970,737,297.98 in the previous period, showing an increase of approximately 3.8%[93]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,833[12]. - The top shareholder, Wu Peifu, holds 26.07% of the shares, amounting to 301,388,029 shares[13]. - The company did not conduct any repurchase transactions among the top shareholders during the reporting period[19]. Research and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[39]. - Research and development expenses amounted to ¥41,685,052.75, compared to no expenses reported in the previous period, indicating a new investment in innovation[66]. - Research and development expenses increased to CNY 107,913,307.54 from CNY 97,879,760.70, which is an increase of about 10.4%[78]. Future Outlook - Future guidance indicates a positive outlook for revenue growth driven by increased demand for new products and market expansion strategies[39]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[80].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥2,145,449,260.41, representing a 3.45% increase compared to ¥2,073,962,004.25 in the same period last year[23]. - The net profit attributable to shareholders was ¥232,007,832.55, a significant increase of 190.55% from ¥79,852,467.68 in the previous year[23]. - The net cash flow from operating activities reached ¥581,119,615.43, marking an 89.11% increase compared to ¥307,286,603.75 in the same period last year[23]. - Basic earnings per share rose to ¥0.201, up 191.30% from ¥0.069 in the previous year[23]. - Total assets at the end of the reporting period were ¥9,290,452,431.89, a 3.28% increase from ¥8,995,418,091.48 at the end of the previous year[23]. - The net assets attributable to shareholders increased to ¥7,840,762,738.82, reflecting a 2.58% rise from ¥7,643,443,248.82 at the end of the previous year[23]. - The operating costs decreased by 5.70% to ¥1,731,821,843.88 from ¥1,836,441,043.31 in the previous year[66]. - The gross profit margin for the manufacturing sector improved by 7.83% to 19.28%[69]. Market and Product Development - The company operates in the high polymer new materials industry, focusing on R&D, production, sales, and import-export trade, with significant market shares in polyester functional films and optical materials[32]. - The optical film segment has seen stable growth in customer orders, with major domestic brands like Hisense, Xiaomi, and BOE successfully awarding contracts in 2020, and the company becoming the sole global strategic supplier for Samsung's VD optical films[33]. - The energy-saving window film segment has expanded its product offerings, including high-performance films that can save up to 27.8% in building energy consumption during summer[39]. - The company has diversified its product lines across five major segments, including optical materials, energy-saving films, information materials, heat shrink materials, and new energy materials[32]. - The company launched 20 new products during the reporting period, including various optical and protective films, enhancing its competitive edge[62]. - The company has successfully developed and marketed optical-grade medical protective mask substrates during the pandemic, leading to rapid sales growth[33]. Research and Development - Increased R&D investment is driving the development of new products to meet growing market demands[45]. - Research and development investment increased by 9.86% to ¥66,228,254.79, up from ¥60,281,568.21[66]. - The company applied for 27 new patents, including 17 invention patents and 10 utility model patents, indicating a strong focus on innovation[62]. - The company is focusing on technology research and development, product development, and structural optimization to enhance operational efficiency and maintain competitive advantages in the polyester film industry[113]. - The company has committed to increasing its investment in technological innovation and new product development to drive long-term growth and market competitiveness[121]. Strategic Planning and Risks - The company has outlined potential risks and countermeasures that may affect its future development strategy and operational goals[6]. - The company faces risks from industry competition and raw material price fluctuations, which could impact profit margins and overall profitability[117][120]. - The company plans to continue expanding its market presence and optimizing product structure to improve production efficiency and reduce costs[121]. - The company aims to enhance its competitive advantage through global expansion and continuous innovation in high-end polymer materials[44]. Investments and Financial Management - The company plans to invest 180 million RMB in building talent apartments to enhance employee satisfaction and retention[57]. - The total amount of raised funds was ¥604,212.2 million, with ¥31,953.39 million invested during the reporting period[84]. - The company plans to utilize excess raised funds of CNY 2.0449797 billion for further investments in solar cell packaging materials and other projects[91]. - The company completed all fundraising project constructions, resulting in a surplus of RMB 173,046.34, which will be permanently transferred to supplement working capital[100]. - The company has used RMB 200 million of temporarily idle fundraising to purchase structured deposit products, with maturity dates ranging from March 25, 2020, to September 25, 2020[100]. Shareholder Information - The total number of shares before the change was 1,156,278,085, with a decrease of 27,603,117 shares, resulting in a total of 1,128,674,968 shares after the change[164]. - The total number of common shareholders at the end of the reporting period was 44,603[169]. - Wu Peifu holds 26.07% of shares, totaling 301,388,029 shares[169]. - Wu Di holds 5.82% of shares, totaling 67,255,646 shares[169]. - The company had no changes in controlling shareholders during the reporting period[177]. Compliance and Governance - The half-year financial report has not been audited[126]. - The company maintained compliance with environmental protection standards and is not listed as a key pollutant unit[154]. - There were no significant litigation or arbitration matters during the reporting period[130]. - The company did not experience any penalties or rectification during the reporting period[131]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[144].

Financial Performance - The company's revenue for Q1 2020 was CNY 977,430,356.76, representing a 0.44% increase compared to CNY 973,172,710.06 in the same period last year[8]. - Net profit attributable to shareholders increased by 100.30% to CNY 87,653,051.92 from CNY 43,761,554.48 year-on-year[8]. - Basic earnings per share doubled to CNY 0.076 from CNY 0.038, reflecting a 100.00% increase[8]. - Operating profit for the current period was ¥105,558,120.57, significantly up from ¥45,533,009.63 in the previous period, marking an increase of 132.5%[59]. - The company reported a total comprehensive income of ¥87,653,051.92 for the current period, compared to ¥43,761,554.48 in the previous period[63]. - The net profit for the period reached approximately ¥90.13 million, up from ¥44.95 million in the previous period, indicating a growth of over 100%[71]. Cash Flow - The net cash flow from operating activities surged by 1,636.03% to CNY 120,655,132.55, compared to CNY 6,950,043.00 in the previous year[8]. - Cash flow from operating activities generated a net amount of approximately ¥120.66 million, a substantial increase from ¥6.95 million in the previous period[74]. - Cash received from sales of goods and services was approximately ¥983.01 million, down from ¥1,077.37 million in the previous period, indicating a decrease of about 8.75%[71]. - The company reported a cash outflow from investing activities of approximately ¥295.65 million, compared to a cash outflow of ¥193.57 million in the previous period, showing increased investment activity[74]. - The ending balance of cash and cash equivalents was approximately ¥573.90 million, down from ¥433.46 million in the previous period, reflecting a decrease in liquidity[77]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 9,143,557,607.22, up 1.66% from CNY 8,995,418,091.48 at the end of the previous year[8]. - Current liabilities rose to ¥1,410,068,635.41 from ¥1,349,582,171.59, reflecting an increase of approximately 4.80%[41]. - The total liabilities reached ¥1,412,461,306.48, compared to ¥1,351,974,842.66, marking an increase of around 4.43%[41]. - The company's equity attributable to shareholders rose to ¥7,731,096,300.74 from ¥7,643,443,248.82, showing an increase of approximately 1.15%[44]. - Total current assets amounted to ¥4,518,104,706.06, up from ¥4,452,853,250.82, reflecting a growth of approximately 1.24%[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,929[12]. - The largest shareholder, Wu Peifu, holds 26.07% of the shares, with a total of 301,388,029 shares[12]. Government and Non-Operating Income - The company received government subsidies amounting to CNY 1,355,629.00 during the reporting period[8]. - The company reported a non-operating income of CNY 7,120,388.95 from entrusted investment management[8]. Future Outlook - The company expects net profit for the first half of 2020 to rise by over 50% year-on-year, with a projected range of 16,000 to 20,000 thousand yuan[23]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[70].

Financial Performance - The company's operating revenue for 2019 was CNY 4,472,306,660.48, representing a 15.94% increase compared to CNY 3,857,565,344.01 in 2018[22]. - The net profit attributable to shareholders of the listed company decreased by 46.01% to CNY 173,486,372.58 from CNY 321,348,433.81 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 133,992,156.76, down 49.30% from CNY 264,279,649.95 in 2018[22]. - Basic earnings per share decreased by 46.43% to CNY 0.15 from CNY 0.28 in the previous year[22]. - The weighted average return on net assets was 2.27%, down from 4.26% in the previous year[22]. - The gross profit margin for the film manufacturing industry was 12.45%, a decrease of 4.16% year-on-year[74]. - The company reported a total distributable profit of 1,114,768,670.18 CNY for the year 2019[168]. Cash Flow and Investments - The net cash flow from operating activities increased significantly by 514.58% to CNY 1,066,072,945.52 from CNY 173,464,127.01 in 2018[22]. - The company reported a government subsidy of 7,412,823.00 CNY for the year, down from 10,001,900.00 CNY in the previous year[28]. - Investment cash inflow decreased by 55.24% to ¥1,931,291,318.29, mainly due to reduced recovery of financial management funds[94]. - The company has a total of CNY 80,239.81 million in unutilized raised funds, with no specified usage direction[106]. - The company has achieved 100% investment progress for the acquisition of Jiangxi Kewai Film New Material Co., Ltd., with a total investment of 18,000 million yuan[118]. Market Position and Strategy - The company has established a strong market presence in the polymer new materials industry, particularly in optical materials and energy-saving films, with a significant market share in China[36]. - The company has formed a strategic partnership with Samsung, becoming the sole global supplier of optical films for Samsung's VD products, leading to rapid growth in exports[37]. - The company is positioned in a growing industry with an expected market scale of trillions in the next five years, focusing on advanced polymer materials as a key development area[49]. - The company aims to enhance its competitive strength by focusing on high-end, functional, and specialty products, with an emphasis on innovation and technology upgrades[128]. - The company is committed to a strategy of internationalization, focusing on high-end product differentiation and extending the industrial chain[133]. Product Development and R&D - The company launched 26 new products and secured 19 independent intellectual property rights during the reporting period[67]. - Research and development investment totaled ¥145,203,795.81, a 19.50% increase from the previous year, representing 3.25% of total revenue[89]. - The company emphasizes the importance of a strong R&D team and core technical personnel to maintain its technological leadership and product innovation[158]. - The company has strengthened its R&D investment to continuously meet growing order demands and introduce new products to the market[48]. Operational Efficiency and Cost Management - The company has implemented a procurement model that utilizes an ERP management system to optimize supplier management and expand procurement channels[42]. - The company is committed to optimizing its product structure and enhancing production efficiency to mitigate risks associated with price fluctuations of its main products[149]. - Operational efficiency improvements are projected to reduce production costs by 5% in the upcoming fiscal year[200]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, based on a total of 1,156,278,085 shares[6]. - The company distributed a cash dividend of 0.30 CNY per 10 shares, totaling 34,688,342.55 CNY for the year 2019, which represents 19.99% of the net profit attributable to ordinary shareholders[164]. - In 2018, the cash dividend was 2.00 CNY per 10 shares, amounting to 231,255,617.00 CNY, which accounted for 71.96% of the net profit attributable to ordinary shareholders[164]. Challenges and Risks - The company faces risks from macroeconomic fluctuations that could impact the demand and pricing of its polyester film products, which are closely tied to various industries[147]. - The company acknowledges the competitive landscape in the polyester film industry, which may pressure profit margins if it fails to adapt to market dynamics and customer needs[148]. - The company noted that the economic situation has adversely affected the promotion and sales of its new energy products[111]. Social Responsibility and Community Engagement - The company actively engages in social responsibility initiatives, focusing on green development and supporting vulnerable groups in society[197].

江苏双星彩塑新材料股份有限公司 2019 年第三季度报告全文 江苏双星彩塑新材料股份有限公司 2019 年第三季度报告 2019 年 10 月 1 江苏双星彩塑新材料股份有限公司 2019 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。 公司负责人吴培服、主管会计工作负责人周海燕及会计机构负责人(会计主 管人员)邹雪梅声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏双星彩塑新材料股份有限公司 2019 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|------------------|-- ...

Revenue and Profit - Revenue for Q1 2019 reached ¥973,172,710.06, an increase of 29.64% compared to ¥750,688,983.07 in the same period last year[8] - Net profit attributable to shareholders was ¥43,761,554.48, a decrease of 32.59% from ¥64,919,888.18 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥41,431,726.12, down 35.62% from ¥64,353,308.47 in the previous year[8] - Total profit decreased by 54.04% year-on-year, primarily due to increased depreciation from new project production[21] - The total profit for the current period was ¥48,273,984.17, a decrease of 35.1% from ¥74,363,086.03 in the previous period[58] - The operating profit for the current period was ¥45,533,009.63, down 38.2% from ¥73,696,521.67 in the previous period[58] Cash Flow - Operating cash flow for the period was ¥6,950,043.00, a significant improvement from a negative cash flow of ¥41,674,373.03 in the same period last year, representing a change of 116.68%[8] - Net cash flow from operating activities increased by 116.68% year-on-year, driven by higher cash receipts from sales[21] - Cash flow from operating activities was ¥1,077,368,345.29, an increase from ¥819,259,599.96 in the previous period[62] - Operating cash inflows totaled ¥1,113,182,583.29, an increase from ¥859,476,520.64 in the previous period, reflecting a growth of approximately 29.5%[65] - Operating cash outflows amounted to ¥1,106,232,540.29, compared to ¥901,150,893.67 in the prior period, indicating an increase of about 22.8%[65] - The net cash flow from operating activities was ¥6,950,043.00, a significant recovery from a negative cash flow of ¥41,674,373.03 in the previous period[65] - Investment cash outflows were ¥193,567,337.36, a decrease from ¥338,000,130.92 in the prior period, showing a reduction of approximately 42.7%[68] - The net cash flow from investment activities was -¥193,567,337.36, compared to a positive cash flow of ¥102,239,998.40 in the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,259,549,919.41, a slight decrease of 0.46% from ¥9,302,667,610.56 at the end of the previous year[8] - Total liabilities were approximately 1.51 billion yuan, down from 1.60 billion yuan in the previous period[38] - The total assets of the company as of March 31, 2019, were ¥9,209,702,235.30, a decrease from ¥9,263,489,045.39 at the end of 2018[51] - The company's total liabilities decreased to ¥1,489,936,882.44 from ¥1,588,671,432.21, indicating a reduction of 6.2%[51] - Total current assets amounted to CNY 4,927,436,891.93[81] - Total liabilities reached CNY 1,588,671,432.21, with current liabilities at CNY 790,388,465.06[81] - The company’s total non-current assets were CNY 4,336,052,153.46[81] Shareholder Information - The company reported a total of 46,279 common shareholders at the end of the reporting period[12] - The largest shareholder, Wu Peifu, holds 27.32% of the shares, with a total of 315,946,969 shares, of which 236,960,227 are pledged[12] - Net assets attributable to shareholders increased by 0.61% to ¥7,748,266,233.72 from ¥7,701,212,493.24 at the end of the previous year[8] - The total equity attributable to shareholders increased to ¥7,719,765,352.86 from ¥7,674,817,613.18, reflecting a growth of 0.6%[51] Expenses and Subsidies - Total operating costs amounted to ¥927,639,700.43, up 37.0% from ¥676,992,461.40 in the previous year[52] - The company incurred sales expenses of ¥17,330,086.84, slightly down from ¥17,791,156.21 in the previous period[59] - The company’s management expenses increased to ¥46,932,298.24 from ¥35,415,617.85 in the previous period, reflecting a rise of 32.5%[59] - The company reported a tax expense of ¥4,512,429.69, significantly lower than ¥9,443,197.85 in the previous period[58] - The company received tax refunds of ¥33,311,528.53, up from ¥14,212,968.39 in the previous period, marking an increase of approximately 134%[65] - Government subsidies recognized in the current period amounted to ¥2,773,624.54[8] - The company reported other income of ¥2,773,624.54, compared to ¥782,100.00 in the previous period, indicating a significant increase[58] Inventory and Prepayments - Cash and cash equivalents decreased by 30.23% compared to the beginning of the period, primarily due to capital expenditures for project construction[21] - Prepayments increased by 39.02% compared to the beginning of the period, attributed to increased sales leading to higher advance payments for raw materials[21] - The company reported a significant increase in prepayments, which rose to ¥939,027,096.05 from ¥672,847,386.75, an increase of 39.6%[42] - Inventory levels decreased to ¥1,186,812,044.81 from ¥1,364,383,351.67, a reduction of 13.0%[42] Other Information - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[22] - The company has maintained a stable long-term investment in equity at ¥115,100,955.61, unchanged from the previous year[45] - The company has not audited the first quarter report[84]

Financial Performance - The company's operating revenue for 2018 was CNY 3,857,565,344.01, representing a 27.61% increase compared to CNY 3,022,955,177.10 in 2017[22] - The net profit attributable to shareholders in 2018 was CNY 321,348,433.81, a significant increase of 330.47% from CNY 74,651,154.25 in 2017[22] - The net profit after deducting non-recurring gains and losses reached CNY 264,279,649.95, marking an increase of 11,176.56% compared to CNY 2,343,619.30 in 2017[22] - The net cash flow from operating activities was CNY 173,464,127.01, up 1,232.55% from CNY 13,017,412.35 in the previous year[22] - Basic earnings per share for 2018 were CNY 0.2779, reflecting a 309.88% increase from CNY 0.0678 in 2017[22] - Total revenue for the year reached approximately ¥4.84 billion, with a quarterly breakdown of ¥750.69 million, ¥975.32 million, ¥1.10 billion, and ¥1.03 billion respectively[27] - Net profit attributable to shareholders was approximately ¥321.35 million for the year, with quarterly figures of ¥64.92 million, ¥91.30 million, ¥105.50 million, and ¥59.62 million[27] Assets and Liabilities - Total assets at the end of 2018 amounted to CNY 9,302,667,610.56, a 2.79% increase from CNY 9,050,240,080.19 at the end of 2017[22] - The net assets attributable to shareholders were CNY 7,701,212,493.24, which is a 4.19% increase from CNY 7,391,426,840.28 in 2017[22] - Fixed assets at the end of the period amounted to CNY 3,329.46 million, an increase of 32.66% compared to the beginning of the year, due to the completion and production of the optical film project[50] - Inventory increased to CNY 1,446.55 million, up 32.84% year-on-year, attributed to increased stock of polyester film and rising raw material prices[50] - The company’s deferred tax assets increased by 54.18% to CNY 14.69 million, reflecting increased provisions for bad debts[50] - Cash and cash equivalents decreased to ¥621.26 million, accounting for 6.68% of total assets, down from 9.12% in 2017, a decrease of 2.44%[91] - The company’s accounts receivable stood at ¥921.56 million, accounting for 9.91% of total assets, a slight decrease from 10.04% in 2017[91] - The company’s total liabilities decreased by 2.07% due to payments made for the optical film project[91] Research and Development - The company invested over 3.0% of its operating revenue in R&D annually, ensuring continuous product development and market share growth[55] - Research and development (R&D) expenses for 2018 were ¥121,508,267.11, an increase of 25.78% compared to ¥96,604,139.55 in 2017[81] - The number of R&D personnel increased by 4.69% from 128 in 2017 to 134 in 2018[82] - The company filed 11 new patent applications and received 16 patents, including 6 invention patents, enhancing its core competitiveness through technological innovation[61] Market and Strategic Goals - The strategic goal is to become a leading advanced polymer composite materials enterprise, with a focus on high-quality development and international expansion over the next 3-5 years[42] - The market for advanced polymer materials is expected to reach trillions in scale over the next five years, indicating significant growth potential[42] - The company is focusing on high-end optical materials and new technology development, positioning itself for future growth in emerging markets[49] - The company aims to enhance its operational capabilities by integrating resources and creating new competitive advantages[64] - The company plans to achieve a sales growth of 30% in 2019 and expects net profit to increase compared to the previous year[129] Shareholder Information - The largest shareholder, Wu Peifu, holds 78,986,742 shares, representing a significant portion of the company's equity[195] - Suqian Dizhicheng Investment Consulting Co., Ltd. and Suqian Qiheng Investment Co., Ltd. each hold 60,840,000 shares, accounting for 5.26% of the total shares[194] - The top ten unrestricted shareholders collectively hold a total of 319,000,000 shares, indicating strong institutional support[198] - Wu Peifu serves as both the chairman and general manager of Jiangsu Shuangxing Plastic New Materials Co., Ltd., indicating a strong leadership presence[199] Operational Challenges - The company faces intense competition in the polyester film industry, which may lead to a decrease in product profit margins despite its strong brand advantage[131] - The cost of raw materials, primarily PTA and MEG, accounts for over 70% of the production cost of polyester films, making the company vulnerable to fluctuations in international oil prices[134] - The company is at risk of underutilizing its production capacity if market demand does not meet expectations following capacity expansion[135] - The "Annual Production of 30,000 Tons of New Functional Polyester Film Project" did not achieve the expected benefits due to intense market competition leading to significant price fluctuations[102] Corporate Governance and Compliance - The company did not experience any major accounting errors that required retrospective restatement during the reporting period[154] - There were no significant lawsuits or arbitration matters during the reporting period[159] - The company did not implement any employee stock ownership plans or other incentive measures during the reporting period[161] - The company has not engaged in any significant guarantees during the reporting period[172]