Financial Performance - The company's revenue for Q3 2021 was ¥573,614,494.65, a decrease of 7.97% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥25,506,135.94, representing a decline of 129.70% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was a loss of ¥26,957,860.73, down 129.60% from the previous year[3]. - The basic and diluted earnings per share were both -¥0.102, a decrease of 129.91% compared to the same period last year[3]. - Net profit attributable to the parent company was CNY 2,244,369, a decrease of 1.3% from CNY 185,268,457 in the same quarter last year[28]. - The company reported a net profit of CNY 1,343,663, down 26.5% from CNY 182,122,853 in the same period last year[28]. - The company reported a 62.03% decrease in investment income, totaling CNY 2,591,987.90, due to reduced gains from the transfer of subsidiary and associated company equity[9]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,517,663,953.61, an increase of 5.74% compared to the end of the previous year[3]. - The total assets of the company reached CNY 3,517,663,954, an increase from CNY 3,326,558,600 year-over-year[25]. - Total liabilities increased to CNY 1,236,167,086, compared to CNY 976,665,039 in the previous year, reflecting a growth of 26.5%[25]. - The total liabilities included short-term borrowings of CNY 513,371,758.61, unchanged from the previous period[36]. - Total liabilities amounted to ¥976,665,039.45, with current liabilities at ¥966,947,045.12 and non-current liabilities at ¥9,717,994.33[37]. - The total assets reached ¥3,326,558,599.50, reflecting the company's financial position[37]. Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of ¥105,405,783.73, up 183.78% year-to-date[3]. - Cash inflow from operating activities totaled CNY 1,725,229,867.71, an increase of 58.3% compared to CNY 1,090,413,411.69 in the previous period[32]. - Net cash flow from operating activities was CNY 105,405,783.73, recovering from a negative CNY 125,814,749.95 in the previous period[32]. - Cash inflow from investment activities was CNY 422,076,429.98, up from CNY 310,580,385.23 in the previous period[33]. - Net cash flow from investment activities was negative CNY 99,810,022.16, slightly worse than negative CNY 86,945,942.88 in the previous period[33]. - Cash inflow from financing activities was CNY 533,429,552.08, compared to CNY 329,980,000.00 in the previous period[33]. - Net cash flow from financing activities was negative CNY 9,308,542.93, a decline from positive CNY 185,224,976.60 in the previous period[33]. - The ending cash and cash equivalents balance was CNY 397,086,191.30, down from CNY 375,481,940.64 in the previous period[33]. Investments and Acquisitions - The company acquired 30% equity in Chengdu Mingci Electronic Technology Co., Ltd. and 25% equity in Nanjing Jufan New Materials Co., Ltd., leading to a 41.29% increase in long-term equity investments[8]. - The goodwill increased by 32.73% to ¥435,643,380.64, primarily due to acquisitions[8]. - The company has initiated a lawsuit against Shandong Guochuang Wind Leaf Manufacturing Co., Ltd. regarding a sales contract dispute, with asset preservation measures already in place[21]. - The company completed a capital increase of RMB 1.3 million in Chengdu Mingci Electronic Technology Co., holding 30% of its equity after the investment[19]. - The company acquired 72.51% equity in Hebei Weixin Technology Co., Ltd. for RMB 29 million, enhancing its market presence[20]. Operational Costs and Expenses - The company's operating costs increased by 38.36% year-on-year, reaching CNY 1,181,675,815.40, primarily due to rising raw material and labor costs[9]. - Financial expenses surged by 357.55% to CNY 20,968,543.50, attributed to increased borrowing costs[9]. - Research and development expenses amounted to CNY 63,257,989, an increase of 12.5% compared to CNY 56,087,839 in the previous year[28]. Shareholder Actions - The company has repurchased a total of 1,913,800 shares, representing 0.7580% of its total share capital, with a total transaction amount of CNY 20,657,669[13]. - The company plans to issue convertible bonds to raise a total of up to RMB 750 million, which was approved in meetings held on June 22 and July 9, 2021[17]. - The company plans to terminate the public issuance of A-share convertible bonds and instead pursue a private placement of A-shares, also seeking shareholder approval for this change[17]. Future Plans - The company plans to invest CNY 180 million in the construction of a Northern R&D Center and advanced composite materials industrial base to enhance its capabilities in the new materials sector[15]. - The company received approval for a new adhesive project with an annual capacity of 30,000 tons, which is expected to enhance its product offerings[16]. Miscellaneous - The company has established a wholly-owned subsidiary, Kangda New Materials Technology (Tianjin) Co., Ltd., with a registered capital of RMB 50 million in August 2021[19]. - The company has completed the registration procedures for multiple capital increases and new subsidiaries, indicating ongoing market expansion efforts[19][20][21]. - The company has not undergone an audit for the third quarter report[38]. - The report does not include any adjustments related to the new leasing standards[38].

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a 20% year-over-year growth[15]. - The net profit for the first half of 2021 was RMB 80 million, an increase of 15% compared to the same period last year[15]. - The company achieved operating revenue of ¥847,807,639.32, representing a year-on-year increase of 21.98%[21]. - Net profit attributable to shareholders decreased by 72.08% to ¥27,750,504.47 compared to the same period last year[21]. - The net profit after deducting non-recurring gains and losses fell by 79.27% to ¥20,640,371.46[21]. - The company reported a significant increase in cash and cash equivalents, reaching ¥118,077,209.09, a 212.30% rise compared to the previous year[62]. - The company's operating revenue for the reporting period was ¥847,807,639.32, representing a year-on-year increase of 21.98% compared to ¥695,031,039.55 in the same period last year[61]. - The company reported a total profit of ¥32.80 million, down from ¥113.55 million in the same period of the previous year[175]. - The total revenue for the first half of 2021 was approximately 12,809 million yuan, indicating a decline compared to the previous year[191]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2023[15]. - The company is expanding its market presence in the wind power sector by entering the supply chain of GE Renewable Energy[30]. - The company has developed strong strategic partnerships with major state-owned enterprises and listed companies in the wind power sector[42]. - The company plans to enhance employee welfare and strengthen the assessment and promotion of young talents as part of its long-term strategy[60]. - The company plans to expand its market presence and invest in new product development to drive future growth[188]. - The company is focusing on enhancing its operational efficiency and exploring strategic partnerships for market expansion[192]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for sustainable materials[15]. - The company’s research and development capabilities are recognized, with its research institute designated as a national technology center, enhancing its competitive edge in the market[42]. - The company aims to solve 1-2 key "bottleneck" issues in advanced materials within 2-3 years, focusing on polyimide, ceramic-based, epoxy resin-based, and polyurethane-based materials[58]. - The company has initiated research and development for new technologies aimed at enhancing product offerings and market competitiveness[200]. Risks and Challenges - The management highlighted potential risks including market competition and supply chain disruptions, with strategies in place to mitigate these risks[3]. - The company faces risks related to macroeconomic conditions and industry downturns, which could adversely affect the adhesive and military electronics sectors[83]. - The company is closely monitoring the price trends of key raw materials, which are petrochemical products, to mitigate risks of declining gross margins due to price increases[86]. Employee and Shareholder Matters - The company will not distribute cash dividends or issue bonus shares for the current fiscal year[4]. - The first employee stock ownership plan involved a total investment of 26.03 million yuan, with 1.20% of the total share capital allocated to this plan[96]. - The employee stock ownership plan included contributions from directors and senior management amounting to 7.22 million yuan, representing 27.75% of the total plan[96]. - The company established a management committee for the employee stock ownership plan to oversee its operations and ensure compliance with the approved framework[97]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Shanghai Liri Chemical New Materials Co., Ltd. for RMB 29.6 million[140]. - The company acquired 90% equity in Nanping Tianyu Industrial Co., Ltd. for RMB 94.8 million[141]. - The company completed acquisitions of Tianyu Industrial and Liri New Materials, enhancing its horizontal expansion in the adhesive segment[30]. - The company has established a partnership with Shun Jing Investment, contributing RMB 49 million to Tianjin Jing Chuang Investment Partnership, holding a 98% stake[141]. Environmental and Social Responsibility - The company received environmental approval for a project to produce 30,000 tons of adhesive materials, ensuring compliance with environmental standards[102]. - The company actively participated in social responsibility initiatives, including a donation of ¥50,000 to the Shanghai Charity Foundation for poverty alleviation efforts[103]. - The company has established a safety management committee to handle environmental pollution incidents and has developed emergency response plans[102]. Financial Management - The company has committed RMB 19,000 million in entrusted financial management, with no overdue amounts reported[134]. - The company plans to issue convertible bonds to raise a total of up to RMB 750 million[138]. - The company has provided guarantees totaling RMB 13,255.18 million to subsidiaries during the reporting period[132]. - The total approved guarantee amount during the reporting period was RMB 48,000 million, with actual guarantees amounting to RMB 14,887.44 million[132].

Financial Performance - The company's revenue for Q1 2021 was CNY 386,637,642.50, representing a 79.82% increase compared to CNY 215,015,743.59 in the same period last year[8] - Net profit attributable to shareholders was CNY 30,221,561.79, up 36.86% from CNY 22,081,838.27 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 23,618,768.48, reflecting a 19.24% increase from CNY 19,807,905.39 in the previous year[8] - Basic earnings per share rose to CNY 0.120, a 37.93% increase from CNY 0.087 in the same quarter last year[8] - The company reported a significant increase in trading financial assets, rising to CNY 190,000,000.00 from CNY 120,000,000.00, which is a growth of 58.33%[34] - The company's net profit from financing activities increased by 84.66% to ¥13,710,005.52, primarily due to an increase in short-term bank loans[18] - The net profit for Q1 2021 reached CNY 29,931,174.84, representing a 36.5% increase from CNY 22,018,675.61 in Q1 2020[44] - The total profit for Q1 2021 was ¥16,745,954.75, down 54.0% from ¥36,488,405.91 in the previous period[46] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,300,069,040.25, a slight decrease of 0.80% from CNY 3,326,558,599.50 at the end of the previous year[8] - The company's total assets decreased to CNY 3,070,294,675.87 from CNY 3,147,540,756.23, a decline of 2.5%[40] - The total liabilities decreased to CNY 945,499,987.91 from CNY 976,665,039.45, indicating a reduction of about 3.2%[36] - The total liabilities decreased to CNY 829,096,561.62 from CNY 893,735,653.93, a reduction of 7.3%[40] - The company's current assets decreased to CNY 2,118,180,054.33 from CNY 2,176,230,698.38 at the end of 2020, reflecting a decline of approximately 2.67%[34] - The total owner's equity as of January 1, 2021, was 2,349,917,260.05 CNY, showing a slight adjustment from the previous reporting period[58] Cash Flow - The company reported a net cash flow from operating activities of CNY -32,399,406.26, which is a 6.15% decline compared to CNY -30,523,017.02 in the previous year[8] - Cash inflow from operating activities totaled ¥488,383,554.56, an increase of 87.3% from ¥260,528,039.32 in the previous period[49] - The cash flow from operating activities showed a net outflow of ¥32,399,406.26, compared to a net outflow of ¥30,523,017.02 in the previous year[50] - The net cash flow from financing activities was ¥13,710,005.52, an increase from ¥7,424,558.76 in the previous period[51] - The total cash and cash equivalents at the end of Q1 2021 were 118,600,397.21 CNY, down from 314,379,728.94 CNY at the beginning of the period, reflecting a net decrease of 195,779,331.73 CNY[54] Shareholder Information - The top shareholder, Tangshan Jin Kong Industrial Incubator Group Co., Ltd., holds 24.99% of the shares, totaling 63,095,200 shares[12] - The total number of ordinary shareholders at the end of the reporting period was 24,214[12] Government Subsidies - The company received government subsidies amounting to CNY 6,991,164.30 during the reporting period[9] - The company received government subsidies, leading to a significant increase in non-operating income by 2865.45% to ¥6,941,045.85[17] Investment and Projects - The total investment for the new adhesive materials project is expected to be no more than ¥526,709,600, aimed at enhancing the company's product structure and sustainable development[19] - The company has invested a total of ¥12,099,420.00 in the high-performance epoxy adhesive expansion project as of March 2021[25] - The company has committed ¥19,000,000.00 in entrusted wealth management, with no overdue amounts[27] Operational Costs - The company's sales costs surged by 103.51% to ¥290,599,889.74, driven by increased sales and rising raw material and labor costs[17] - The total operating costs for Q1 2021 were CNY 361,264,600.72, up 88.0% from CNY 192,313,874.22 year-over-year[43] Research and Development - Research and development expenses for Q1 2021 were CNY 18,210,497.03, an increase of 16.7% compared to CNY 15,572,120.02 in Q1 2020[43] - Research and development expenses increased to ¥10,513,438.50, up 36.5% from ¥7,720,903.99 in the previous year[46] Compliance and Governance - The company has no reported non-operating fund occupation by controlling shareholders or related parties during the reporting period[29] - The company has no reported violations regarding external guarantees during the reporting period[28] - The company has not undergone an audit for the Q1 2021 report, indicating that the figures are unaudited[61] - The company has implemented new leasing standards starting from 2021, which required adjustments to the financial statements[55]

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.93 billion, representing an increase of 81.24% compared to ¥1.07 billion in 2019[6]. - The net profit attributable to shareholders for 2020 was approximately ¥215 million, a growth of 53.60% from ¥140 million in 2019[6]. - The net profit after deducting non-recurring gains and losses was approximately ¥215 million, up 66.90% from ¥129 million in 2019[6]. - The company's total assets at the end of 2020 reached approximately ¥3.33 billion, a 30.45% increase from ¥2.55 billion at the end of 2019[6]. - The basic earnings per share for 2020 was ¥0.85, reflecting a 51.79% increase from ¥0.56 in 2019[6]. - In 2020, the company achieved operating revenue of CNY 1,932.14 million, an increase of 81.24% compared to the previous year[51]. - The net profit attributable to shareholders was CNY 214.98 million, reflecting a growth of 53.60% year-on-year[51]. - Earnings per share reached CNY 0.85, up by 51.79% from the previous year[51]. - The adhesive new materials segment generated sales revenue of CNY 1,689.14 million, marking a 94.02% increase year-on-year[52]. - The company reported a significant decline in tire processing sales, with a revenue drop of 76.19% to ¥341,220.42[72]. Dividend Policy - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 250,507,621 shares entitled to profit distribution[4]. - For the 2020 fiscal year, the company plans to distribute a cash dividend of RMB 2.00 per 10 shares, amounting to an estimated total of RMB 50.10 million, which is 23.96% of the net profit[159]. - The cash dividend payout ratio for 2020 is projected to be 29.26% of the total distributable profit[156]. - The company has consistently maintained a cash dividend policy, with the 2018 dividend being RMB 0.77 per 10 shares, totaling RMB 19.44 million, which was 30.22% of the net profit[152]. - The company's cash dividends for the past three years have shown a steady increase, with 2020's proposed dividend being significantly higher than previous years[155]. Business Operations - The company has not changed its main business since its listing, maintaining a focus on new materials[16]. - The company has subsidiaries involved in various sectors, including new energy materials and technology[9]. - The company focuses on fine chemicals, producing high-end adhesives and functional polymer materials, and has expanded into the military electronics sector through acquisitions[26]. - The company actively expands into the military sector, providing electromagnetic compatibility solutions and high-frequency power conversion modules for military applications[32][33]. - The company emphasizes a direct sales model to maintain close relationships with clients, ensuring timely feedback and adaptation to customer needs[30]. - The company has established a strong R&D capability, focusing on national strategic areas such as new energy and defense, leading to the development of competitive products that replace imports[39]. Research and Development - The company has undertaken nearly 300 new research projects, completing over 200, with 31 product models transitioning from sample development to batch trial production[56]. - The company has added 9 new authorized patents and participated in the formulation of 5 national standards, reinforcing its commitment to innovation and technology development[59]. - The company is focusing on advanced composite materials and plans to deepen its expansion in this field over the next two to three years, leveraging its technological expertise[60]. - The company aims to enhance its "new materials + military technology" strategy, focusing on high-end products and expanding into emerging fields such as wind energy and advanced composites[129]. Market Position and Strategy - The company aims to strengthen its market position in domestic and international markets, particularly in Southeast Asia, leveraging the "Belt and Road" initiative[132]. - The company is committed to addressing key technological challenges and enhancing its R&D capabilities by collaborating with top research institutions and universities[133]. - The company will actively pursue mergers and acquisitions to create new profit growth points and ensure sustainable development[129]. - The company is closely monitoring macroeconomic conditions and market environments to mitigate risks associated with economic downturns and market competition[141]. Financial Management - The company reported a negative net cash flow from operating activities of approximately -¥123 million in 2020, a decline of 164.99% compared to ¥189 million in 2019[6]. - The company has implemented strict management of raised funds, ensuring effective use and compliance with regulations, resulting in cost savings and efficient fund utilization[112]. - The company has engaged in cash asset management through entrusted financial management during the reporting period[200]. - The company has a production capacity utilization rate of 84% for epoxy adhesives and 100% for SBS adhesives, indicating strong operational efficiency[68]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[3]. - The company has committed to ensuring independence from its controlling shareholders in terms of personnel, assets, finance, and business operations[161]. - The company has established a compensation system linked to the execution of return measures in future equity incentive plans[162]. - The company has pledged to comply with relevant regulations regarding external guarantees and related party transactions[163]. Related Party Transactions - The company reported a total of 1,327.13 million yuan in related party transactions for the year 2020, which did not exceed the approved limit of 2,800 million yuan[183]. - The company’s related party transactions included sales of goods amounting to 1,327.13 million yuan, which represented 0.79% of the total transaction amount[183]. - The company did not have any related party debt or credit transactions during the reporting period[186]. Social Responsibility - The company invested RMB 1 million to support frontline medical workers in Wuhan during the COVID-19 pandemic, demonstrating its commitment to social responsibility[65].

Financial Performance - The company's revenue for Q1 2021 was CNY 386,637,642.50, representing a 79.82% increase compared to CNY 215,015,743.59 in the same period last year[8] - Net profit attributable to shareholders was CNY 30,221,561.79, up 36.86% from CNY 22,081,838.27 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 23,618,768.48, reflecting a 19.24% increase from CNY 19,807,905.39 in the previous year[8] - Basic earnings per share increased to CNY 0.120, a rise of 37.93% from CNY 0.087 in the same quarter last year[8] - The company's operating revenue for the reporting period was CNY 386,637,642.50, representing a 79.82% increase compared to CNY 215,015,743.59 in the same period last year[17] - The company's net profit for the reporting period was impacted by a significant increase in operating costs, which rose by 103.51% to CNY 290,599,889.74 due to higher sales and increased raw material and labor costs[17] - Total operating revenue for Q1 2021 was CNY 386,637,642.50, an increase of 79.9% compared to CNY 215,015,743.59 in the same period last year[42] - Net profit for Q1 2021 reached CNY 29,931,174.84, representing a 36.5% increase from CNY 22,018,675.61 in Q1 2020[44] - Earnings per share for Q1 2021 were CNY 0.120, compared to CNY 0.087 in the same quarter last year, reflecting a growth of 37.9%[44] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,300,069,040.25, a slight decrease of 0.80% from CNY 3,326,558,599.50 at the end of the previous year[8] - The company's current assets totaled CNY 2,118,180,054.33, down from CNY 2,176,230,698.38 at the end of 2020, reflecting a decrease of approximately 2.66%[34] - The total liabilities decreased to CNY 945,476,287.91 from CNY 976,641,339.45, a reduction of about 3.2%[36] - The company's equity attributable to shareholders rose to CNY 2,337,188,064.40 from CNY 2,334,182,185.16, showing a slight increase of approximately 0.13%[37] - Short-term borrowings increased to CNY 579,800,000.00 from CNY 513,371,758.61, reflecting an increase of about 12.9%[35] - The total cash and cash equivalents at the end of the period was 118,600,397.21 CNY, down from 314,379,728.94 CNY at the beginning of the period, reflecting a net decrease of 195,779,331.73 CNY[54] Cash Flow - The company reported a net cash flow from operating activities of CNY -32,399,406.26, which is a 6.15% decline compared to CNY -30,523,017.02 in the previous year[8] - The cash flow from operating activities showed a net outflow of CNY 32.40 million, compared to a net outflow of CNY 30.52 million in the same period last year[50] - The company reported cash inflow from operating activities of CNY 488.38 million, up from CNY 260.53 million in the previous year[49] - The net cash flow from financing activities was -58,346,921.16 CNY, compared to 8,596,396.74 CNY in the previous year, indicating a significant decrease in cash inflow[54] Investments and Expenses - The company plans to invest up to CNY 526,709,600 in a new project to produce 30,000 tons of adhesive new materials annually through its subsidiary, aiming to enhance its product structure and sustainable development[19] - The company has invested CNY 2,443,500 in the high-performance epoxy adhesive expansion project during the first quarter of 2021, with total investments reaching CNY 12,099,420[25] - Research and development expenses for Q1 2021 were CNY 18,210,497.03, up from CNY 15,572,120.02 in the same period last year, indicating a 17.0% increase[43] - The company's financial expenses surged by 206.13% to CNY 4,168,118.96, primarily due to increased interest expenses from bank loans[17] - The company incurred financial expenses of CNY 3.20 million, significantly higher than CNY 0.65 million in Q1 2020[46] Shareholder Information - The top shareholder, Tangshan Jinkong Industrial Incubator Group Co., Ltd., holds 24.99% of the shares, with 63,095,200 shares pledged[12] - The company has no reported non-operating fund occupation by controlling shareholders or related parties during the reporting period[29] - There were no violations regarding external guarantees during the reporting period[28] Other Income - The company received government subsidies amounting to CNY 6,991,164.30 during the reporting period[9] - The company's other income increased significantly by 2865.45% to CNY 6,941,045.85, mainly due to an increase in government subsidies received[17] Compliance and Standards - The company has not yet audited the first quarter report, which may affect the reliability of the financial data presented[61] - The company is implementing new leasing standards, which has resulted in adjustments to the financial statements[55]

Financial Performance - The company's operating revenue for 2020 was CNY 1,932,135,499.94, representing an increase of 81.24% compared to CNY 1,066,074,423.43 in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 215,004,813.96, a growth of 53.62% from CNY 139,961,738.71 in 2019[16]. - The net profit after deducting non-recurring gains and losses was CNY 214,424,604.36, which is a 66.80% increase from CNY 128,552,955.71 in 2019[16]. - The basic earnings per share for 2020 was CNY 0.85, up 51.79% from CNY 0.56 in 2019[16]. - The total assets at the end of 2020 were CNY 3,326,558,599.50, reflecting a 30.45% increase from CNY 2,550,118,173.58 at the end of 2019[16]. - The company reported a net cash flow from operating activities of CNY -122,679,809.17, a decline of 164.99% compared to CNY 188,780,124.61 in 2019[16]. - The total operating revenue for 2020 reached ¥1,932,135,499.94, representing an 81.24% increase compared to ¥1,066,074,423.43 in 2019[71]. - The net cash flow from operating activities was -¥122,679,809.17, a decrease of 164.99% compared to the previous year[85]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders, based on a total of 250,507,621 shares entitled to profit distribution[4]. - The cash dividend distribution plan was approved on March 20, 2021, and is subject to shareholder meeting approval[156]. - The company distributed a cash dividend of RMB 0.80 per 10 shares for the 2019 fiscal year, amounting to RMB 20,168,633.68, which was 20.58% of the 2019 net profit[153]. - In 2020, the total cash dividend (including other methods) accounted for 29.26% of the total distributable profit[156]. - The company has maintained a consistent cash dividend policy over the past three years, ensuring clarity and compliance with regulations[152]. - The company’s cash dividend distribution plan reflects its commitment to returning value to shareholders while considering future development needs[156]. Business Focus and Strategy - The company has not changed its main business since its listing, maintaining a focus on new materials[15]. - The company plans to continue focusing on the functional polymer new materials and military electronics sectors, enhancing its long-term strategic layout[25]. - The company aims to deepen its market presence in the military electronics field through acquisitions and strategic partnerships[25]. - The company is actively expanding into the military industry, with products aimed at aerospace, naval, and army markets, enhancing its position in the defense sector[31]. - The company is committed to a dual-driven strategy of "new materials + military technology" to optimize its business structure and achieve sustainable growth[130]. - The company plans to integrate its military technology and electronic components to capitalize on the modernization of military equipment[129]. Research and Development - The company emphasizes continuous innovation and has established a national enterprise technology center, focusing on R&D in strategic areas such as new energy and defense[38]. - The company has undertaken nearly 300 new research projects, completing over 200, with 31 product models transitioning from sample development to batch trial production[55]. - The company is focusing on advanced composite materials and plans to deepen its expansion in this field over the next two to three years, leveraging its technological expertise[59]. - The company aims to enhance its R&D capabilities and market channels in the military electronics sector, leveraging its existing assets and technology[130]. Market Position and Growth - The company has established itself as a leading enterprise in the domestic high-end adhesive and polymer new materials sector, with products widely used in various industries[26]. - The adhesive new materials segment generated sales revenue of CNY 1,689.14 million, marking a 94.02% increase year-on-year[51]. - The company focuses on high-end clients in industries such as wind power, food packaging, consumer electronics, and rail transportation, providing customized solutions and rapid response services[41]. - The company is targeting high-value markets such as photovoltaic, consumer electronics, and rail transportation to strengthen its domestic market position[132]. Corporate Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has declared that its financial statements are true, accurate, and complete[3]. - The company has established a comprehensive information disclosure system to enhance investor relations and governance capabilities[63]. - The company has committed to ensuring independence from its controlling shareholders in terms of personnel, assets, finance, and business operations[158]. - The company has implemented measures to avoid dilution of immediate returns from asset restructuring[159]. - The company has ensured compliance with relevant regulations and internal management systems regarding shareholder rights and obligations[158]. Subsidiaries and Acquisitions - The company established several new subsidiaries in 2020, including 康达国际供应链 (Tianjin) Co., Ltd. and 唐山丰南区康达化工新材料有限公司, expanding its operational scope[78][79]. - The company acquired 97% equity of Nanping Tianyu Technology Development Co., Ltd. (renamed Fujian Kangda Xinyu New Materials Co., Ltd.) in July 2020, included in the consolidated financial statements from August 2020[166]. - The company transferred 100% equity of Chengdu Biko Quanxin Electronics Co., Ltd. for RMB 4 million, which is no longer included in the consolidated financial statements from May 2020[166]. Social Responsibility - The company invested RMB 1 million to support frontline medical workers in Wuhan during the COVID-19 pandemic, demonstrating its commitment to social responsibility[64]. - The company maintained a focus on environmental protection and social responsibility throughout its operations[198]. Risks and Challenges - The company acknowledges risks related to macroeconomic fluctuations and market competition, emphasizing the need for strategic planning and market-oriented product development[141][142]. - The company is aware of the volatility in the stock market and advises investors to understand the associated risks before purchasing its shares[147]. - The company is enhancing its internal control and governance structures to minimize the risk of goodwill impairment from acquisitions[146].

Financial Performance - Operating revenue for the reporting period reached ¥623,266,765.63, a significant increase of 151.44% year-on-year[7] - Net profit attributable to shareholders increased by 172.58% to ¥85,870,237.05 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 190.11% to ¥91,071,328.52[7] - Basic earnings per share for the reporting period was ¥0.341, reflecting a growth of 172.80%[7] - The company's net profit attributable to shareholders increased by 32.47% to ¥673,493,698.85 from ¥508,393,859.98, driven by higher sales and profits[15] - The net profit for the third quarter reached CNY 84,656,054.60, a significant increase from CNY 31,253,577.14 in the same period last year, representing a growth of approximately 170%[46] - Operating profit for the quarter was CNY 103,572,555.18, up from CNY 38,263,691.54 in the previous year, indicating a growth of about 171%[46] - Basic and diluted earnings per share for the quarter were both CNY 0.341, compared to CNY 0.125 in the same period last year, representing a growth of 172%[47] - The total comprehensive income for the quarter was CNY 86,204,421.93, compared to CNY 31,253,577.14 in the previous year, showing an increase of approximately 175%[47] Assets and Liabilities - Total assets increased by 21.92% to ¥3,109,092,872.27 compared to the end of the previous year[7] - The company’s total assets under construction rose by 156.68% to ¥26,977,839.03 from ¥10,510,133.81, reflecting increased project construction during the reporting period[15] - Current liabilities increased to ¥787,602,682.39 from ¥410,461,745.67, representing a growth of approximately 92%[38] - Total liabilities reached CNY 416,409,509.95, with current liabilities at CNY 410,461,745.67 and non-current liabilities at CNY 5,947,764.28[70] - The total liabilities to equity ratio stands at approximately 0.20, indicating a conservative leverage position[71] Cash Flow - The net cash flow from operating activities was negative at -¥131,159,273.10, a decline of 1,003.21% compared to the previous year[7] - The company reported a net cash flow from operating activities of -¥125,814,749.95, a 191.26% decrease compared to ¥137,861,888.30 in the previous year, mainly due to increased payments for goods and services[16] - The net cash flow from operating activities was -125,814,749.95 CNY, compared to 137,861,888.30 CNY in the previous period, indicating a significant decline[62] - Total cash inflow from operating activities reached 1,090,413,411.69 CNY, up from 815,897,563.39 CNY year-over-year[62] - Cash outflow from operating activities increased to 1,216,228,161.64 CNY, compared to 678,035,675.09 CNY in the same period last year[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,124[11] - The largest shareholder, Tangshan Jin Kong Industrial Incubator Group Co., Ltd., held 24.99% of the shares[11] - The company plans to repurchase shares at a price not exceeding 20 RMB per share, with a total repurchase amount between 10 million and 20 million RMB[21] - As of September 16, 2020, the company repurchased a total of 947,400 shares, accounting for 0.3752% of the total share capital, with a total transaction amount of 12,809,198 RMB[21] Research and Development - Research and development expenses increased by 31.87% to ¥56,087,839.30 from ¥42,533,211.33, reflecting the company's commitment to enhancing its R&D efforts[16] - Research and development expenses increased to CNY 19,919,880.35, compared to CNY 10,099,160.27 in the previous period, reflecting a growth of approximately 97%[46] - The company has invested 4.15 million RMB in the R&D center expansion project from January to September 2020, with 56.14 million RMB of raised funds remaining unused[25] Future Plans and Investments - The company plans to increase its bank credit limit from ¥12 billion to ¥22 billion to support daily operations and business expansion[19] - The company is focusing on expanding its product lines and enhancing R&D capabilities to drive future growth[72] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] Inventory and Receivables - Accounts receivable increased by 67.99% to ¥924,785,420.33 from ¥550,499,194.72, attributed to higher sales during the reporting period[15] - The company reported a significant increase in accounts receivable, which rose to ¥734,837,027.72 from ¥397,182,182.73, reflecting a growth of about 85%[39] - The company’s inventory increased by 45.86% to ¥225,444,936.77 from ¥154,559,240.66, due to increased stockpiling during the reporting period[15] - The company reported inventory of CNY 154,559,240.66, indicating a stable supply chain management[69] Financial Health - The company's cash and cash equivalents reached ¥256,877,756.03, up from ¥172,939,717.88, marking a growth of about 48%[39] - The total owner's equity increased to ¥2,316,011,600.31 from ¥2,133,708,663.63, reflecting an increase of approximately 8.5%[39] - The company has long-term equity investments valued at CNY 63,082,060.57, indicating a commitment to strategic partnerships[69] - The company has a goodwill of CNY 328,226,998.45, which may reflect past acquisitions and market positioning[71]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 695,031,039.55, representing a 61.45% increase compared to CNY 430,501,745.54 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 99,398,219.83, up 69.43% from CNY 58,665,966.87 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 99,570,410.79, a 92.41% increase from CNY 51,747,796.59 in the previous year[18]. - The basic earnings per share increased to CNY 0.394, doubling from CNY 0.197 in the same period last year[18]. - The total operating revenue for the reporting period reached CNY 695,031,039.55, representing a year-on-year increase of 61.45% compared to CNY 430,501,745.54 in the same period last year[61]. - The company's operating profit for the same period was 115.92 million yuan, up 62.74% year-on-year[47]. - Net profit attributable to shareholders reached 99.40 million yuan, reflecting a growth of 69.43% compared to the previous year[47]. - The company reported a comprehensive income total of CNY 93,019,289.40 for the first half of 2020, compared to CNY 58,051,730.53 in the same period of 2019, indicating a growth of 60.3%[190]. - The total comprehensive income for the first half of 2020 was CNY 99,936,334.98, compared to CNY 49,382,164.29 in the same period of 2019, indicating a significant increase[194]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,700,264,877.73, a 5.89% increase from CNY 2,550,118,173.58 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were CNY 2,213,565,028.92, up 3.69% from CNY 2,134,864,753.36 at the end of the previous year[18]. - Total liabilities rose to CNY 475,118,204.06 from CNY 416,409,509.95, marking an increase of about 14.1%[182]. - The total equity of the company reached CNY 2,136,767,068.77 in the first half of 2020, an increase of 3.7% from CNY 2,059,734,456.04 in the same period of 2019[188]. - The company's cash and cash equivalents decreased to CNY 307,299,360.28 from CNY 403,039,780.75, a decline of approximately 23.7%[180]. - Accounts receivable increased to CNY 679,934,020.55 from CNY 550,499,194.72, reflecting a growth of around 23.5%[180]. - Total owner's equity increased to CNY 2,225,146,673.67 from CNY 2,133,708,663.63, representing a growth of approximately 4.3%[183]. Cash Flow - The net cash flow from operating activities was CNY 5,344,523.15, a significant decrease of 95.67% compared to CNY 123,340,369.66 in the same period last year[18]. - Cash inflows from operating activities amounted to CNY 644,581,963.73, up from CNY 575,320,613.45 in the first half of 2019, reflecting a growth of approximately 12%[197]. - The net cash flow from investing activities was negative at CNY -90,938,720.06, slightly worse than CNY -90,374,584.23 in the same period last year[197]. - The net cash flow from financing activities was negative at CNY -19,566,978.80, compared to a positive CNY 38,976,243.35 in the previous year[198]. Research and Development - The company invested ¥36.17 million in research and development during the reporting period, an increase of 11.51% year-on-year, resulting in the acquisition of 1 invention patent and 3 utility model patents[53]. - Research and development expenses for the first half of 2020 were CNY 36,167,958.95, up 11.0% from CNY 32,434,051.06 in the first half of 2019[188]. - The company has a strong R&D team and has been recognized as a national enterprise technology center, enhancing its product development capabilities[39]. Market and Business Segments - The company operates primarily in two segments: adhesive new materials and military technology, with no significant changes in its main products or business model[25]. - The adhesive business includes a wide range of products such as epoxy, polyurethane, and acrylic adhesives, with applications in wind power, transportation, and construction[26]. - The military segment focuses on electromagnetic compatibility products and power modules, serving military and aerospace markets[30]. - The company aims to deepen its presence in niche markets within the new materials and military sectors, pursuing a dual-driven growth strategy[25]. - The company has established a stable strategic partnership with military clients, enhancing its competitive advantage in the electromagnetic compatibility sector[35]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and strategies[4]. - The company faces risks from macroeconomic fluctuations and market competition, particularly in the adhesive industry, and plans to enhance its risk management strategies[100][101]. - The company is monitoring raw material prices closely to mitigate risks associated with potential increases in costs due to fluctuations in petrochemical product prices[102]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has implemented an employee stock ownership plan, with a total funding of 26.03 million yuan, representing 1.20% of the total share capital[117]. - The company has no major litigation or arbitration matters during the reporting period, with minor cases not significantly impacting operations[113]. - The company has not undergone any bankruptcy reorganization during the reporting period[112]. - The company has not faced any penalties or corrective actions during the reporting period[115]. Future Outlook - Future growth is expected to be driven by increased investments in new energy and infrastructure, supported by government initiatives[29]. - The company expects a cumulative net profit of 157.8 million to 193.86 million yuan for the period from the beginning of the year to the next reporting period, representing a growth of 75% to 115% compared to the same period last year[98]. - Basic earnings per share are projected to be between 0.625 and 0.768 yuan, reflecting an increase of 72.18% to 111.57% compared to the previous year[99].

Financial Performance - Revenue for Q1 2020 was CNY 215,015,743.59, an increase of 3.72% compared to CNY 207,299,265.94 in the same period last year[8] - Net profit attributable to shareholders decreased by 15.78% to CNY 22,081,838.27 from CNY 26,218,330.47 year-on-year[8] - Net profit excluding non-recurring gains and losses fell by 23.83% to CNY 19,807,905.39 compared to CNY 26,004,611.28 in the previous year[8] - Basic and diluted earnings per share decreased by 20.18% to CNY 0.087 from CNY 0.109 year-on-year[8] - Total operating revenue for Q1 2020 was CNY 215,015,743.59, an increase from CNY 207,299,265.94 in the previous period[44] - Net profit for Q1 2020 was CNY 22,018,675.61, a decrease from CNY 26,036,725.54 in the previous period[46] - Earnings per share for Q1 2020 were CNY 0.087, down from CNY 0.109 in the previous period[47] - Operating profit reached CNY 37,265,051.59, up from CNY 30,235,393.07, reflecting a growth of 23.4% year-over-year[50] - The total profit amounted to CNY 36,488,405.91, compared to CNY 30,134,452.29 in the previous year, indicating a year-over-year increase of 21.0%[50] Cash Flow - The net cash flow from operating activities was negative at CNY -30,523,017.02, a decline of 191.05% from CNY 33,523,917.14 in the same period last year[8] - Cash flow from operating activities showed a net outflow of CNY 30,523,017.02, a significant decline from a net inflow of CNY 33,523,917.14 in the previous year[54] - Total cash outflow from operating activities was CNY 291,051,056.34, an increase from CNY 245,031,995.51 in the previous year[54] - Investment activities resulted in a net cash outflow of CNY 150,543,123.98, compared to a smaller outflow of CNY 10,485,273.88 in the previous year[54] - The net cash flow from investment activities was -118,927,640.35 CNY, indicating a significant outflow compared to the previous year's net cash flow of -21,203,437.07 CNY[58] - The total cash inflow from financing activities was 30,000,000.00 CNY, while the cash outflow was 21,403,603.26 CNY, resulting in a net cash flow of 8,596,396.74 CNY[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,518,990,205.90, down 1.22% from CNY 2,550,118,173.58 at the end of the previous year[8] - The company's current assets decreased from 1,504,214,668.67 yuan to 1,381,253,939.85 yuan, reflecting a decline of approximately 8.2%[36] - The company's total liabilities decreased from 416,409,509.95 yuan to 366,350,286.01 yuan, a reduction of approximately 12%[38] - Total assets increased to CNY 2,462,945,757.87 from CNY 2,375,169,610.35[42] - Total liabilities rose to CNY 374,730,783.39 from CNY 315,435,154.31[42] - Total equity increased to CNY 2,088,214,974.48 from CNY 2,059,734,456.04[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,481[11] - The largest shareholder, Tangshan Jin Kong Industrial Incubator Group Co., Ltd., held 24.99% of the shares, amounting to 63,095,200 shares[11] - The company approved a share repurchase plan with a total amount not less than ¥10 million and not exceeding ¥20 million[23] - The company repurchased a total of 385,000 shares, accounting for 0.1525% of the total share capital, with a total transaction amount of 5,015,346.00 yuan[24] Other Financial Activities - The company reported non-recurring gains and losses totaling CNY 2,273,932.88, primarily from government subsidies and other income[9] - Other income surged by 509.87% to ¥3.27 million, mainly from increased special subsidies received during the reporting period[16] - The company plans to issue overseas bonds totaling up to $20 million to improve debt structure and reduce financing costs[20] - The company intends to conduct accounts receivable asset securitization with a planned issuance scale of up to ¥236 million[20] - The company has entrusted 9,000,000 yuan in bank wealth management products, with an unexpired balance of 8,000,000 yuan[27] Compliance and Standards - The company did not undergo an audit for the first quarter report[60] - The company has not applied the new revenue and leasing standards for the first quarter of 2020[60]

Financial Performance - The company's operating revenue for 2019 was ¥1,066,074,423.43, representing a 14.84% increase compared to ¥928,325,799.52 in 2018 [18]. - The net profit attributable to shareholders for 2019 was ¥139,961,738.71, a significant increase of 73.99% from ¥80,442,802.81 in 2018 [18]. - The net cash flow from operating activities improved to ¥188,780,124.61, a remarkable increase of 332.35% compared to -¥81,246,625.43 in 2018 [18]. - The company achieved a basic earnings per share of ¥0.56, up 64.71% from ¥0.34 in the previous year [18]. - Total assets at the end of 2019 were ¥2,550,118,173.58, reflecting a 12.85% increase from ¥2,259,775,349.65 at the end of 2018 [19]. - The weighted average return on equity for 2019 was 6.80%, an increase from 4.79% in 2018 [19]. - The company reported a significant increase in equity assets, rising by 744.79% to 63.08 million yuan, primarily due to new investments in Dongfang Electric Wind Power [37]. - The company reported a significant decline in tire processing sales, with revenue dropping by 75.97% to ¥1,433,138.61 due to decreased market demand [70]. Dividend Distribution - The company plans to distribute a cash dividend of 0.8 RMB per 10 shares to all shareholders, based on a total of 252,107,921 shares entitled to profit distribution [5]. - The cash dividend for 2019 represents 42.99% of the total distributable profit of RMB 435.55 million [163]. - The company distributed a cash dividend of RMB 0.77 per 10 shares for the 2018 fiscal year, totaling RMB 19.44 million, which accounted for 30.22% of the net profit [157]. - The cash dividend policy is compliant with the company's articles of association and has been transparently communicated to shareholders [158]. - The company has maintained a consistent dividend payout ratio over the past three years, with 2017, 2018, and 2019 payouts being 20.38%, 24.17%, and 42.99% respectively [162]. Strategic Expansion - The company plans to continue expanding in the adhesive new materials and military technology sectors, leveraging its acquisition of Chengdu Biko Technology Co., Ltd. to enter the military electronics market [28]. - The company is actively expanding its international market presence, particularly in the "Belt and Road" initiative countries [54]. - The company plans to optimize internal resource allocation and has decided to terminate the butyl materials project due to market conditions, reallocating CNY 18.56 million to other projects [110]. - The company is focusing on expanding its market presence in the adhesive sector, particularly in new energy applications like wind power [126]. - The company plans to enhance sales levels and expand new product markets by forming dedicated product and market development teams [139]. Research and Development - The company emphasizes continuous innovation and has a robust R&D team, recognized as a national enterprise technology center [40]. - Investment in R&D increased by 30%, focusing on the development of new materials and technologies to enhance product offerings [169]. - Research and development expenses rose by 33.52% to ¥73,861,213.05, representing 6.93% of total revenue, reflecting the company's commitment to R&D in adhesive and new materials [84]. - The company is increasing R&D investment to enhance technological progress, focusing on key technology research and project feasibility assessments [141]. Market Position and Industry Trends - The company has established itself as a leader in the adhesive industry, with products widely used in various sectors including wind energy and automotive [29]. - The domestic adhesive market reached a scale of 102.78 billion CNY in 2018, with a compound annual growth rate of 7.73% from 2009 to 2018 [122]. - The projected adhesive production in China for 2020 is 10.337 million tons, with an estimated sales revenue of 132.8 billion CNY, indicating a growth rate of nearly 10% [122]. - The adhesive industry is expected to maintain stable growth, driven by emerging sectors such as 5G communication and renewable energy [121]. Corporate Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the truthfulness of the annual report [4]. - The company has committed to maintaining independence in operations and not engaging in any unfair transactions with related parties [167]. - The company has established measures to avoid direct or indirect competition with its own business [167]. - The company has engaged in multiple investor relations activities throughout the reporting period to enhance communication with stakeholders [155]. Acquisitions and Investments - The company is pursuing an acquisition of Beijing Jinghanyu Electronic Engineering Technology Co., Ltd., which will enhance its capabilities in electronic component testing for military applications [63]. - The company has made significant investments in enhancing its talent management and employee incentive programs to drive long-term growth and competitiveness [64]. - The company has completed the business registration procedures for its investment in Shanghai Weixiangbang Entrepreneurship Incubator, with a registered capital of CNY 1 million (approximately USD 145,000) [195]. Financial Management - The company has effectively controlled project costs, leading to savings and the formation of surplus funds [111]. - The company has engaged in cash management of temporarily idle raised funds, generating certain investment returns [111]. - The company reported a net increase in cash and cash equivalents of ¥174,347,184.89, a significant turnaround from a net decrease of ¥219,401,757.41 in the previous year [87]. - The company’s financing activities generated a net cash flow of ¥73,292,264.00, an increase of 138.85% compared to the previous year, due to funds raised from asset purchases and share buybacks [87]. Related Party Transactions - The company engaged in related party transactions, with a transaction amount of 525,500 yuan, accounting for 0.06% of similar transactions [191]. - The actual amount of related transactions with the affiliated company, Dayang New Materials, for product sales in 2019 was CNY 525,500 (approximately USD 76,000), which did not exceed the approved limit [193]. - The company reported no significant impact on its operating results and financial status from the related transactions [194]. Employee Engagement - The company implemented an employee stock ownership plan, with a total funding of 26.03 million yuan, representing 1.20% of the total share capital [189]. - The employee stock ownership plan participants contributed 7.224 million yuan, accounting for 27.75% of the total plan [189]. - The first meeting of the employee stock ownership plan was held on March 13, 2020, to establish a management committee [190].