Financial Performance - The company's revenue for Q1 2020 was ¥96,251,570.20, representing a decrease of 26.18% compared to ¥130,385,054.88 in the same period last year[7]. - Net profit attributable to shareholders was ¥14,719,212.76, down 5.53% from ¥15,581,295.20 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥12,440,106.71, a decline of 7.11% compared to ¥13,392,351.80 in the previous year[7]. - Total operating revenue for Q1 2020 was CNY 96,251,570.20, a decrease from CNY 130,385,054.88 in the previous period[46]. - Total operating costs for Q1 2020 were CNY 82,275,839.96, down from CNY 113,692,891.47 year-over-year[47]. - Net profit for Q1 2020 was CNY 14,719,212.76, compared to CNY 15,581,295.20 in the same period last year, reflecting a decline of approximately 5.5%[48]. - The total comprehensive income for the first quarter was CNY 15,212,064.93, compared to CNY 15,581,295.20 in the previous period[53]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 123.29%, reaching ¥41,793,204.21, compared to ¥18,716,714.37 in the same period last year[7]. - Cash inflow from operating activities totaled CNY 99,807,493.71, an increase of 19% from CNY 83,865,011.35 in the previous period[55]. - Cash and cash equivalents increased by 51.45% to ¥49,515,736.71 due to operational cash flow and equity incentive subscription payments[15]. - Cash inflow from investment activities was CNY 187,641,452.43, compared to CNY 111,585,121.54 in the previous period, marking a 68% increase[59]. - The net cash flow from investment activities was negative at CNY -33,310,785.53, down from CNY 12,514,283.07 in the previous period[55]. - The company reported a cash outflow of CNY 215,000,000.00 for investments, significantly higher than CNY 95,000,000.00 in the previous period[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥636,448,507.95, an increase of 2.68% from ¥619,828,441.18 at the end of the previous year[7]. - The company's current assets totaled CNY 410,903,982.69 as of March 31, 2020, compared to CNY 394,017,272.51 at the end of 2019, indicating an increase of about 4.5%[38]. - Total liabilities as of March 31, 2020, were CNY 53,535,786.50, slightly up from CNY 53,165,353.63 at the end of 2019[40]. - The company's equity attributable to shareholders increased to CNY 582,912,721.45 from CNY 566,663,087.55, marking an increase of about 2.9%[41]. - The total liabilities decreased to CNY 52,937,846.93, with current liabilities at CNY 40,254,052.36 and non-current liabilities remaining unchanged[65]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,532[11]. - The largest shareholder, Xiang Hongwei, holds 57.57% of the shares, amounting to 62,370,000 shares, with 46,777,500 shares pledged[11]. - The company has repurchased a total of 3,000,065 shares, which is 1.57% of the total share capital, for a total amount of ¥66,388,369.76[20]. Government Support and Other Income - The company received government subsidies amounting to ¥1,351,734.01 during the reporting period[8]. - The company reported a 117.05% increase in other income to ¥1,351,734.01, attributed to government subsidies related to daily operations[15]. - The company reported a total of ¥2,279,106.05 in non-recurring gains and losses for the reporting period[8]. Future Outlook and Strategic Initiatives - The company has plans for market expansion and product development in the upcoming quarters[25]. - The company is focusing on enhancing its financial products to improve user engagement and retention[25]. - The company is exploring potential mergers and acquisitions to strengthen its market position[25]. - The company has indicated a positive outlook for future earnings growth based on current market trends[25]. - The company is committed to maintaining a strong balance sheet while pursuing new investment opportunities[25]. - Future outlook includes continued growth in dynamic income streams and strategic market expansions[28]. Compliance and Reporting - The company adopted the new revenue recognition and leasing standards starting in 2020, which resulted in the reclassification of pre-receipts to contract liabilities[66]. - The first quarter report for 2020 was not audited, indicating that the figures may be subject to change upon final audit[66]. - The company’s chairman, Xiang Hongwei, presented the report on April 20, 2020, emphasizing the importance of transparency in financial reporting[67].

Financial Performance - Net profit attributable to shareholders increased by 15.74% to CNY 19,886,294.74 for the current period[7] - Operating income for the current period was CNY 123,163,651.65, a decrease of 9.89% year-on-year[7] - Basic earnings per share rose by 12.50% to CNY 0.18[7] - The weighted average return on equity was 3.42%, a decrease of 17.88% compared to the previous year[7] - The company’s income tax payable increased by 263.87% to ¥5,404,955.31 due to higher taxable income[15] - Total operating revenue for Q3 2019 was CNY 123,163,651.65, a decrease of 9.5% compared to CNY 136,685,965.17 in the same period last year[51] - Net profit for Q3 2019 reached CNY 19,886,294.74, representing an increase of 15.8% from CNY 17,181,616.93 in Q3 2018[52] - Earnings per share for Q3 2019 were CNY 0.18, up from CNY 0.16 in the previous year[53] - The total comprehensive income for Q3 2019 was CNY 19,886,294.74, an increase from CNY 17,181,616.93 in Q3 2018[53] Cash Flow - Net cash flow from operating activities decreased significantly by 66.73% to CNY 5,595,320.27[7] - Net cash flow from operating activities rose by 39.97% to ¥59,685,681.17, mainly due to decreased cash payments for goods and services[16] - The company reported cash outflows from financing activities of CNY 131,690,022.95, compared to CNY 69,721,713.87 in the previous period, indicating an increase of about 89%[73] - The total cash inflow from sales of goods and services was CNY 281,702,452.07, slightly lower than CNY 281,905,274.97 in the previous period[67] - Payments for goods and services amounted to CNY 150,692,496.39, down from CNY 170,679,749.48, reflecting a decrease of approximately 11.7%[68] Assets and Liabilities - Total assets decreased by 11.85% to CNY 598,507,421.67 compared to the end of the previous year[7] - Total current assets decreased to CNY 365,380,710.82 from CNY 437,488,639.65, a decline of approximately 16.5%[42] - Total liabilities decreased to CNY 53,833,454.63 from CNY 65,902,557.11, a reduction of about 18.3%[43] - The company's retained earnings decreased to CNY 212,920,538.88 from CNY 257,369,080.26, a decline of approximately 17.3%[44] - The total equity attributable to shareholders decreased to CNY 544,673,967.04 from CNY 613,053,293.88, a reduction of about 11.2%[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,678[11] - The largest shareholder, Xiang Hongwei, holds 57.56% of the shares, with 46,777,500 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] - The company completed its first share repurchase plan, buying back a total of 1,300,000 shares, accounting for 1.20% of the total share capital, with a total expenditure of approximately ¥31.92 million[21][22] Investment Activities - Investment activities generated a net cash flow of ¥74,010,740.79, a significant increase of 505.66% compared to the previous year[16] - The company has engaged in wealth management through bank financial products, with a total investment of ¥95 million from raised and self-owned funds[28] - The company is actively involved in fundraising activities for various financial products to support its growth strategy[33] - The company is focused on maintaining liquidity and safety in its financial investments[29] Research and Development - Research and development expenses for Q3 2019 were CNY 5,031,357.11, slightly lower than CNY 5,614,128.07 in Q3 2018[51] - Research and development expenses amounted to CNY 17,841,901.42, an increase of 17.83% compared to CNY 15,137,576.09 in the previous year[58] Financial Products - The company reported a revenue of 2,000 million with a yield of 4.00% for the financial products in the third quarter of 2019[31] - The yield for another financial product was reported at 3.90% with a revenue of 2,000 million[32] - The company achieved a revenue of 3,000 million with a yield of 4.00% for fixed income products in the third quarter of 2019[32] - The company is exploring new strategies to expand its market presence and enhance its product offerings[33]

Financial Performance - The company's operating revenue for the reporting period was ¥278,560,089.74, representing a 10.26% increase compared to ¥252,650,579.31 in the same period last year[18]. - The net profit attributable to shareholders was ¥41,825,123.88, an increase of 8.88% from ¥38,413,766.34 year-on-year[18]. - The net cash flow from operating activities surged by 109.46% to ¥54,090,360.90, compared to ¥25,823,358.60 in the previous year[18]. - The basic earnings per share rose to ¥0.39, reflecting an 11.43% increase from ¥0.35[18]. - Total assets at the end of the reporting period were ¥699,850,950.57, up 3.08% from ¥678,955,850.99 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 12.97% to ¥533,570,021.74 from ¥613,053,293.88 at the end of the previous year[18]. - The gross profit margin for the specialty chlorinated vinyl copolymers segment was 29.77%, with a year-on-year increase of 3.12%[49]. - The company's total liabilities increased to CNY 166,280,928.83 from CNY 65,902,557.11, indicating a significant rise[149]. Corporate Governance - The financial report ensures the accuracy and completeness of the financial statements, with key personnel confirming the integrity of the report[3]. - The board of directors and supervisory board members attended the meeting to review the report, ensuring corporate governance compliance[4]. - The company emphasizes its commitment to transparency and adherence to regulatory requirements in its disclosures[17]. - The company has implemented strict internal management systems to ensure safety and environmental compliance, minimizing operational risks[76]. - The company has established a dedicated team to ensure compliance with high-tech enterprise certification requirements, aiming to maintain tax benefits[77]. Research and Development - The company holds 11 national invention patents and has several ongoing patent applications, showcasing its commitment to innovation[29]. - The company has established a strong R&D system, focusing on the development of chlorinated vinyl copolymer resins and water-based emulsions, maintaining a leading position in the industry[32]. - Research and development expenses increased by 34.52% to RMB 12,810,544.31, reflecting the company's commitment to enhancing R&D efforts[46]. - The R&D center has advanced platforms for small-scale and pilot production, enhancing the company's innovation capabilities and market conversion rates[34]. - The company is focusing on optimizing the technical performance of its products to meet diverse user needs and market demands[76]. Market Presence and Sales - The company exported 30.51% of its products during the reporting period, indicating a strong international market presence[28]. - Domestic sales accounted for 69.49% of total revenue, amounting to RMB 193,564,111.46, which is a 13.83% increase from the previous year[48]. - The company has successfully entered the procurement systems of major global manufacturers such as DIC and PPG Industries, expanding its market presence[35]. - The company has expanded its product applications in various sectors, including water-based coatings for containers and anti-corrosion coatings for transportation vehicles[41]. Environmental Compliance - The company is recognized for its environmentally friendly practices, including the recycling of steam and unreacted monomers during production[36]. - The company has implemented effective environmental protection measures, ensuring compliance with relevant laws and regulations, and has not faced any penalties for violations during the reporting period[107]. - The company has a dedicated environmental protection department and has established systems for wastewater treatment, air pollution control, and dust removal, ensuring normal operation and maintenance[106]. - The company has not reported any significant environmental pollution issues and is not listed as a key pollutant discharge unit by the environmental protection department[106]. Financial Management - The company has cumulatively invested ¥14,930.93 million of the total raised funds of ¥22,850 million, with no changes in the use of raised funds reported[60]. - The company reported a balance of ¥9,268.09 million in raised funds, including earnings, with ¥9,000 million in financial products that are not yet due[62]. - The company has invested a total of 3,000 million CNY in guaranteed principal financial products with a return of 88.82 million CNY for the period[117]. - The total amount of entrusted financial management funds reached CNY 56,000 million, with CNY 34,500 million from self-owned funds and CNY 540.78 million in returns[119]. - The company reported no overdue principal or income from entrusted financial management[119]. Shareholder Information - The company has repurchased a total of 1,042,640 shares, accounting for 0.96% of the total share capital, with a total expenditure of approximately ¥21.56 million (excluding transaction fees) and a maximum transaction price of ¥22.71 per share[114]. - The total number of shares increased to 108,350,000, with a 100% increase in total share capital[124]. - The total number of ordinary shareholders at the end of the reporting period was 11,847[131]. - The largest shareholder, Xiang Hongwei, holds 62,370,000 shares, representing 57.56% of the total shares, with 15,592,500 shares pledged[131]. - The company plans to continue its share repurchase program based on market conditions and funding arrangements[126]. Risk Management - The company has outlined potential risks and corresponding mitigation strategies in the report[4]. - The company is exposed to risks from fluctuations in raw material prices, particularly VCM, VAc, and epoxy resin, which are influenced by oil prices and market supply-demand dynamics[74]. - The company plans to adjust pricing and procurement strategies to mitigate the impact of raw material price fluctuations[75]. Compliance and Legal Matters - There were no major litigation or arbitration matters during the reporting period[87]. - The company maintained a good integrity status, with no unfulfilled court judgments or significant debts due[90]. - There were no significant related party transactions during the reporting period[96]. - The company did not engage in any asset or equity acquisitions or sales during the reporting period[97].

Financial Performance - The company's revenue for Q1 2019 was CNY 130,385,054.88, representing a 17.88% increase compared to CNY 110,606,491.43 in the same period last year[7] - Net profit attributable to shareholders was CNY 15,581,295.20, up 3.30% from CNY 15,084,183.73 year-on-year[7] - Total operating revenue for Q1 2019 was CNY 130,385,054.88, an increase of 17.9% compared to CNY 110,606,491.43 in Q1 2018[35] - Net profit for Q1 2019 reached CNY 15,581,295.20, a slight increase of 3.3% from CNY 15,084,183.73 in Q1 2018[36] - The total comprehensive income for the period was CNY 15,581,295.20, compared to CNY 15,084,183.73 in the previous period, reflecting an increase of approximately 3.3%[37] Cash Flow - The net cash flow from operating activities reached CNY 18,716,714.37, a significant increase of 416.19% compared to a negative cash flow of CNY -5,919,389.36 in the previous year[7] - Cash inflow from operating activities totaled CNY 83,865,011.35, up from CNY 65,728,922.82, indicating a growth of about 27.5%[40] - The cash outflow for operating activities decreased to CNY 65,148,296.98 from CNY 71,648,312.18, showing a reduction of approximately 9.1%[40] - The company reported a 242.96% increase in net cash increase from cash and cash equivalents, totaling ¥19,343,154.28[16] Assets and Liabilities - Total assets at the end of the reporting period were CNY 686,392,639.12, reflecting a 1.10% increase from CNY 678,955,850.99 at the end of the previous year[7] - Total liabilities for taxes payable surged by 312.46% to ¥6,126,605.57, mainly due to an increase in corporate income tax[15] - Total liabilities as of March 31, 2019, were CNY 68,783,213.92, compared to CNY 65,902,557.11 at the end of 2018, reflecting a growth of 4.3%[32] - Total liabilities amounted to CNY 65,902,557.11, with current liabilities at CNY 53,761,553.35[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,398[11] - The total equity attributable to shareholders of the parent company was CNY 617,609,425.20, up from CNY 613,053,293.88 at the end of 2018[33] - The company has repurchased a total of 630,640 shares, accounting for 0.58% of the total share capital, with a total repurchase amount of 13,072,040.54 yuan[21] Expenses - Research and development expenses rose by 46.34% to ¥5,590,299.52, reflecting increased investment in R&D[15] - Sales expenses increased by 47.03% to ¥4,006,889.10, driven by higher transportation and promotional costs[15] - Management expenses increased by 44.98% to ¥8,619,907.39, primarily due to higher wages and consulting fees[15] Investments and Projects - The company has completed the construction of a factory for the "annual production of 60,000 tons of water-based industrial paint base material - vinyl chloride copolymer emulsion" project, with a building area of 8,024.89 square meters[19] - The company is actively promoting the procurement of remaining production lines and related facilities for the new project[19] Compliance and Governance - The company has no overdue amounts in its entrusted wealth management, with a total of ¥22,000 in outstanding balances[17] - The company has no overdue principal and interest amounts, and there are no ongoing litigation situations[19] - The company has no violations regarding external guarantees during the reporting period[24] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company has not conducted any research, communication, or interview activities during the reporting period[26] - The company has confirmed the use of repurchased shares for future equity incentive plans[20] Financial Reporting - The company has not undergone an audit for the first quarter report[46] - The report is based on the new financial accounting standards effective from January 1, 2019, without adjustments to prior periods[45]

Financial Performance - The company's operating revenue for 2018 was ¥518,306,951.26, representing a 33.41% increase compared to ¥388,500,122.92 in 2017[6]. - The net profit attributable to shareholders for 2018 was ¥73,400,397.98, a slight increase of 1.78% from ¥72,118,359.24 in 2017[6]. - The net profit after deducting non-recurring gains and losses was ¥63,848,000.93, which is an 18.65% increase from ¥53,812,586.44 in 2017[6]. - The net cash flow from operating activities for 2018 was ¥51,035,702.35, up 41.83% from ¥35,982,988.89 in 2017[6]. - Total revenue for 2018 reached ¥518,306,951.26, a year-on-year increase of 33.41% compared to ¥388,500,122.92 in 2017[49]. - The net profit attributable to shareholders was CNY 73.40 million, reflecting a year-on-year growth of 1.78%[40]. - The company reported a total revenue of 90,857,314.90 CNY for the year, with adjustments made to the financial statements due to new reporting requirements[121]. Dividend Distribution - The company plans to distribute a cash dividend of 10.00 yuan per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - In 2018, the company announced a cash dividend of 10.00 yuan per 10 shares, with a total cash dividend of 106,419,360 yuan, which was 144.98% of the net profit attributable to ordinary shareholders[101][102]. - The total cash dividends (including share buybacks) in 2018 amounted to 139,833,862.69 yuan, which accounted for 190.51% of the net profit attributable to ordinary shareholders[102][104]. - The cash dividend policy is compliant with the company's articles of association and shareholder resolutions, ensuring the protection of minority shareholders' rights[97]. - The cash dividend distribution plan for 2018 is subject to approval at the shareholders' meeting before implementation[104]. Business Operations - The company has not changed its main business since its listing, and there have been no changes in controlling shareholders[16]. - The company operates in the specialty chlorinated vinyl copolymer industry, focusing on the research, production, and sales of chlorinated vinyl-acetate copolymer resins and emulsions[27]. - The company has a diverse product range that includes inks, coatings, adhesives, and plastic modifiers, catering to essential markets such as food and pharmaceutical packaging[28]. - The company employs a "sales-driven production" model, ensuring that it meets the differentiated needs of various industries and clients[29]. - The company has successfully entered the procurement systems of global manufacturers such as DIC Ink and PPG Industries, establishing a strong brand value and corporate image[35]. Research and Development - The company holds 11 national invention patents, 1 design patent, and 1 utility model patent, with 4 invention patents and 2 utility model patents currently under substantive examination[34]. - The company has established a provincial engineering technology research center, enhancing its R&D capabilities and accelerating the market conversion rate of new products[34]. - The company aims to enhance its R&D capabilities and product innovation, focusing on low-toxicity and low-VOC solvent-based materials[81]. - The company has established partnerships with several universities and research institutions to enhance its talent pool and technological collaboration[45]. Market Presence - The company exported 32% of its products during the reporting period, indicating a strong international market presence[29]. - Domestic sales accounted for 68.08% of total revenue, amounting to ¥352,862,360.17, reflecting a 51.52% increase from ¥232,874,787.23 in 2017[49]. - The company focuses on serving high-end domestic and international clients, with products recognized by major international companies like AkzoNobel and PPG Industries[36]. Inventory and Receivables - Inventory rose by 31.04% year-on-year, mainly due to an increase in stockpiled goods at the end of the reporting period[32]. - Accounts receivable increased by 30.04% compared to the previous year, driven by higher sales revenue during the reporting period[32]. - The inventory level rose by 38.75% to 2,646.66 tons, attributed to equipment maintenance and pre-stock preparations[53]. Financial Management - The company has committed to an investment project with a total amount of RMB 22,850 million, of which RMB 4,058.77 million has been invested by the end of the reporting period, representing an investment progress of 55.19%[71]. - The company has a structured profit distribution policy in place, adhering to regulations to ensure shareholder rights are maintained[96]. - The company has confirmed that all funds are compliant with regulatory requirements[146]. Corporate Governance - The company has committed to avoiding any business that competes with its own products or services, ensuring no direct or indirect competition arises[107]. - The company guarantees that any transactions with related parties will be conducted at fair market prices and in compliance with relevant regulations[108]. - The company has established measures to stabilize its stock price if it falls below the audited net asset value per share for 20 consecutive trading days post-IPO[108]. Environmental and Social Responsibility - The company has a dedicated environmental protection department and has established effective pollution prevention measures, ensuring compliance with environmental regulations[161]. - The company has actively participated in social welfare and charity initiatives, contributing to local economic development[157]. - The company emphasizes employee health management and safety training, adhering to relevant labor laws and regulations[156]. Shareholder Information - The controlling shareholder, Xiang Hongwei, holds 57.56% of the shares, amounting to 62,370,000 shares[180]. - The company has not undergone any changes in its controlling shareholder during the reporting period[182]. - The total shares held by the chairman and general manager, Xiang Hongwei, remained unchanged at 62,370,000 shares[188].

Financial Performance - Operating revenue for the reporting period was ¥136,685,965.17, representing a year-on-year growth of 33.47%[7] - Net profit attributable to shareholders was ¥17,181,616.93, up 4.27% from the same period last year[7] - Basic earnings per share increased by 6.67% to ¥0.16[7] - The total operating revenue for the year-to-date period reached CNY 389,336,544.48, an increase of 39.7% compared to CNY 278,778,270.90 in the previous period[47] - The net profit attributable to the parent company was CNY 55,595,383.27, up from CNY 54,481,786.75, reflecting a growth of 2.0%[50] - Operating profit for the year-to-date period was CNY 65,656,193.51, compared to CNY 52,156,735.09, marking a significant increase of 25.8%[49] Cash Flow - Net cash flow from operating activities surged by 358.01% to ¥16,817,817.86[7] - Cash flow from operating activities increased by 114.27% to ¥42.64 million, attributed to higher cash received from sales[16] - The net cash flow from operating activities for Q3 2018 was ¥42,641,176.46, an increase from ¥19,900,760.25 in Q3 2017, representing a growth of approximately 114.3%[53] - The total cash inflow from investment activities was ¥685,280,374.72, compared to ¥625,793,898.79 in the previous year, indicating an increase of about 9.5%[54] - The net cash flow from investment activities was ¥12,219,864.67, a significant improvement from a negative cash flow of ¥25,134,247.17 in Q3 2017[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥670,204,925.66, an increase of 2.62% compared to the previous year[7] - The total liabilities increased to CNY 75,885,161.35 from CNY 48,060,975.45, reflecting a rise of 58.2%[42] - Accounts receivable increased by 31.97% to ¥119.90 million due to increased sales revenue[15] - Inventory levels rose to CNY 34,235,758.54, compared to CNY 29,469,815.71 at the start of the year, marking an increase of 16.0%[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,292[11] - The largest shareholder, Xiang Hongwei, holds 57.56% of the shares, with 62,370,000 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] - The company repurchased 1,300,000 shares, accounting for 1.20% of total share capital, with a total expenditure of ¥31.92 million[19] Research and Development - Research and development expenses rose by 68.09% to ¥15.14 million, reflecting increased investment in R&D[15] - Research and development expenses for the quarter were CNY 5,614,128.07, up from CNY 3,141,912.56, indicating a 79.0% increase year-over-year[44] - Research and development expenses rose to CNY 15,137,576.09, up from CNY 9,005,475.52, indicating a 67.8% increase in investment in innovation[47] Financial Management - Total entrusted financial management amount reached 64,100 million CNY, with a remaining balance of 21,000 million CNY[27] - The bank financial products sourced from raised funds amounted to 26,800 million CNY, while free funds contributed 34,300 million CNY[27] - The company has no overdue amounts in its entrusted financial management, indicating strong liquidity management[27] - The financial management strategy includes a mix of bank and broker financial products, diversifying risk[27] Future Outlook - The expected net profit for 2018 is projected to be between ¥68.51 million and ¥90.15 million, reflecting a change of -5.00% to 25.00% compared to the previous year[22] - Future outlook includes continued focus on principal-protected investments to ensure capital safety and stable returns[29] - The company plans to enhance its operational strategies through potential mergers and acquisitions[31]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 252,650,579.31, representing a 43.25% increase compared to CNY 176,371,112.31 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 38,413,766.34, a slight increase of 1.08% from CNY 38,004,019.93 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 33,051,174.32, which is a 32.35% increase from CNY 24,971,952.90 in the same period last year[19]. - The net cash flow from operating activities was CNY 25,823,358.60, showing a decrease of 2.25% compared to CNY 26,418,967.51 in the previous year[19]. - The total assets at the end of the reporting period were CNY 650,772,053.50, a decrease of 0.36% from CNY 653,095,810.80 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 3.83% to CNY 581,844,590.21 from CNY 605,034,835.35 at the end of the previous year[19]. - The basic earnings per share remained unchanged at CNY 0.35, with diluted earnings per share also at CNY 0.35[19]. - The weighted average return on net assets was 6.16%, down from 6.71% in the previous year, reflecting a decrease of 0.55%[19]. Revenue and Sales - The company's revenue from exports accounted for 32.67% of total sales, indicating a strong international market presence[29]. - Domestic sales revenue surged by 85.36% to CNY 170,053,979.25, driven by increased sales of binary series, carboxylate series, and emulsion series products[46]. - The operating cost increased by 50.46% to CNY 185,305,786.52, primarily due to the increase in product sales during the reporting period[44]. Research and Development - The company holds 11 national invention patents and 1 design patent, with additional patents under review, showcasing its strong R&D capabilities[30]. - The company has established partnerships with several universities and research institutions, enhancing its technological innovation[30]. - The company’s R&D focus on environmentally friendly materials positions it well for future growth in compliance with regulatory trends[32]. - Research and development investment rose by 62.42% to CNY 9,523,448.02, reflecting the company's commitment to enhancing R&D efforts[44]. - The company has developed a series of water-based products that meet market demands, with plans for large-scale production of 60,000 tons of water-based industrial paint base materials[39]. Investment and Capital Management - The total amount of raised funds is RMB 228.50 million, with RMB 27.17 million invested during the reporting period[59]. - Cumulative investment of raised funds reached RMB 126.30 million, accounting for 55.3% of the total raised funds[59]. - The project for producing 60,000 tons of water-based industrial paint base material has seen an investment of RMB 25.74 million, with a completion rate of 48.45%[61]. - The new materials R&D center project has been fully completed, with a total investment of RMB 29.89 million, exceeding the initial commitment[61]. - As of June 30, 2018, the balance of unused raised funds is RMB 111.00 million, including RMB 103.00 million in bank financial products[59]. Risk Management - The company has detailed the risks it faces and the corresponding countermeasures in the report, which investors are encouraged to review[5]. - The company is subject to risks from exchange rate fluctuations, as a significant portion of its export business is settled in USD, and it will implement measures to mitigate these risks[70]. Corporate Governance - The company has implemented an employee stock incentive plan, with multiple announcements regarding the plan's details and approvals[85]. - There were no significant related party transactions during the reporting period, including daily operations, asset acquisitions, or joint investments[87][88][89]. - The company has not faced any major litigation or arbitration matters during the reporting period[82]. - The integrity status of the company and its controlling shareholders remained good, with no significant debts due that were unpaid[84]. Environmental Responsibility - The company is not listed as a key pollutant discharge unit and has established comprehensive environmental protection measures[98]. - The company adheres to various environmental protection laws and has successfully completed environmental monitoring with all data meeting standards[99]. Shareholder Information - As of June 30, 2018, the company has repurchased a total of 1.175 million shares, accounting for 1.08% of the total share capital, with a total payment of approximately ¥29.07 million[105]. - The largest shareholder, Xiang Hongwei, holds 57.56% of the shares, totaling 62,370,000 shares[122]. - The company reported a total of 63,657,798 shares held by directors, supervisors, and senior management at the end of the period[130]. Future Outlook - The company plans to continue focusing on expanding its market presence and enhancing product development in the upcoming quarters[152]. - Future outlook includes continued investment in research and development for new technologies[109]. - The company is exploring potential mergers and acquisitions to enhance its market position[109].

Financial Performance - The company's revenue for Q1 2018 was ¥110,606,491.43, representing a 47.89% increase compared to ¥74,789,980.86 in the same period last year[8] - Net profit attributable to shareholders was ¥15,084,183.73, up 14.14% from ¥13,215,394.95 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥12,133,629.84, reflecting a 16.48% increase from ¥10,416,711.25 in the previous year[8] - The basic earnings per share increased to ¥0.14, a rise of 16.67% compared to ¥0.12 in the same period last year[8] - Operating income rose by 47.89% to ¥110,606,491.43, primarily driven by increased sales[16] - Operating costs increased by 52.08% to ¥81,391,615.92, reflecting the rise in sales[16] - Financial expenses surged by 759.15% to ¥894,663.17, mainly due to increased foreign exchange losses[16] - The net profit attributable to shareholders for the first half of 2018 is expected to range from 36.10 million to 45.60 million CNY, representing a change of -5.00% to 20.00% compared to the same period in 2017[23] - The net profit for the first half of 2017 was 38.00 million CNY, indicating potential growth driven by market expansion and raw material price fluctuations[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥670,525,535.00, which is a 2.67% increase from ¥653,095,810.80 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥621,246,459.43, up 2.68% from ¥605,034,835.35 at the end of the previous year[8] - Accounts receivable increased by 63.56% to ¥81,035,786.34 due to increased sales revenue during the reporting period[16] - Prepayments increased by 99.06% to ¥7,820,427.10, mainly due to advance payments for construction equipment related to fundraising projects[16] Cash Flow - The net cash flow from operating activities was negative at -¥5,919,389.36, a significant decline of 833.98% compared to -¥633,778.91 in the same period last year[8] - Cash flow from operating activities showed a significant decline of 833.98%, resulting in a net outflow of ¥5,919,389.36, attributed to increased cash payments for goods and services[17] - Cash flow from investing activities improved by 318.68% to ¥11,899,894.93, mainly due to reduced purchases of bank financial products[17] - The net increase in cash and cash equivalents was ¥5,640,141.92, a 193.30% improvement compared to the previous year[17] - Investment income increased by 60.68% to ¥2,825,738.87, primarily from the recognition of returns on certain wealth management products[16] Shareholder Information - The company reported a total of 14,717 common shareholders at the end of the reporting period[12] - The largest shareholder, Xiang Hongwei, holds 57.56% of the shares, amounting to 62,370,000 shares, with 44,220,000 shares pledged[12] - The company has announced a share repurchase plan through centralized bidding, indicating confidence in its stock value[21] Operational Developments - The company has completed the construction of a 4,215.97 square meter factory and obtained the property certificate in February 2018, with ongoing construction of an additional 3,816 square meter facility[22] - The company is focused on the development of new materials and technologies to enhance its competitive edge in the market[22] Regulatory and Compliance - The company has not reported any overdue principal or income from financial investments during the reporting period[22] - There are no violations regarding external guarantees during the reporting period[24] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[25] - The company has not engaged in any research, communication, or interview activities during the reporting period[26] Future Outlook - The company plans to continue expanding its market presence and product offerings, influenced by raw material price and exchange rate fluctuations[23] - The company received government subsidies amounting to ¥406,183.39 during the reporting period[9] - Sales expenses rose by 63.76% to ¥2,725,244.57, driven by increased personnel costs and regulatory fees[16]

Dividend Distribution - The company plans to distribute a cash dividend of 3.50 CNY per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The company has established a three-year dividend return plan (2016-2018) to ensure shareholder rights and improve profit distribution mechanisms[91]. - The cumulative distributable profit as of December 31, 2017, was CNY 229,231,189.57, with cash dividends accounting for 100% of the profit distribution[96]. - The company has maintained a consistent cash dividend policy, with no dividends distributed in 2015 and a gradual increase in dividends in subsequent years[92][96]. - The company’s cash dividend distribution reflects a commitment to returning value to shareholders while balancing operational needs[96]. Financial Performance - The company's operating revenue for 2017 was ¥388,500,122.92, representing a 23.44% increase compared to ¥314,728,171.35 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥72,118,359.24, a 37.05% increase from ¥52,620,077.94 in 2016[6]. - The net profit after deducting non-recurring gains and losses was ¥53,812,586.44, up 12.49% from ¥47,836,491.25 in 2016[6]. - The total assets at the end of 2017 were ¥653,095,810.80, a 13.45% increase from ¥575,686,066.51 at the end of 2016[6]. - The company's basic and diluted earnings per share for 2017 were both ¥0.67, a 19.64% increase from ¥0.56 in 2016[6]. Research and Development - The company holds 11 national invention patents, with an additional 5 patent applications currently under substantive examination[33]. - The newly established "New Materials R&D Center" enhances the company's R&D capabilities and is recognized as a provincial-level enterprise technology center[34]. - Research and development (R&D) investment increased by 37.53% to ¥16,657,406.49 in 2017, compared to ¥12,112,118.26 in 2016[56]. - The number of R&D personnel rose by 35.71% to 57 in 2017, representing 20.73% of the total workforce[56]. - The company has allocated 100 million RMB for research and development in new technologies over the next two years[114]. Market Expansion and Sales - The company exported 40.06% of its products, reaching over 50 countries and regions[28]. - Domestic sales accounted for 59.94% of total revenue, increasing by 29.14% year-on-year, while export sales made up 40.06%, growing by 15.79%[45]. - The company expanded its customer base, adding nearly 100 new clients for chlorinated vinyl copolymer resin, with sales in Southeast Asia nearly doubling[39]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2020[196]. - A strategic acquisition of a local competitor is expected to enhance the company's production capacity by 40%[196]. Risk Management - The report includes a section on future development prospects, highlighting potential risks and corresponding mitigation measures[4]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements in the report[4]. - The company is actively addressing risks related to raw material price fluctuations, exchange rate volatility, and geopolitical instability in export regions[84]. - The company is committed to enhancing internal management and safety protocols to mitigate risks associated with environmental regulations and operational safety[86]. Corporate Governance - The financial report confirms that all board members attended the meeting to review the annual report, ensuring accountability for the report's accuracy[3]. - The report outlines the responsibilities of the board of directors and management in ensuring the report's integrity and completeness[3]. - The company guarantees to adhere to legal regulations and company management systems, ensuring fair transactions with other shareholders[101]. - The company has ensured that minority shareholders have had opportunities to express their opinions and that their rights are protected[92]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[92]. Environmental Responsibility - The company emphasizes a commitment to environmental protection and is not listed as a key pollutant discharge unit by the local environmental protection bureau[154]. - The company adheres to strict compliance with environmental laws and has successfully completed environmental monitoring with all data meeting standards[155]. - The company has a dedicated environmental protection department to manage pollution control measures effectively[154]. - The company has implemented a clean production approach integrated into its product development and manufacturing processes[154]. - The company has not reported any penalties for violations of environmental laws during the reporting period[155]. Shareholder Information - The total number of shares increased from 108,000,000 to 108,350,000 due to the issuance of 350,000 restricted stock options[162]. - The largest shareholder, Xiang Hongwei, holds 57.56% of the shares, totaling 62,370,000 shares[175]. - The company has not reported any changes in the structure of assets and liabilities during the reporting period[173]. - The total number of shareholders increased from 14,717 to 15,192 during the reporting period[175]. - The company has not identified any related party transactions among its shareholders during the reporting period[176].

Financial Performance - Operating revenue for the current period reached ¥102,407,158.59, a year-on-year increase of 32.88%[8] - Net profit attributable to shareholders increased by 13.37% to ¥16,477,766.82 for the current period[8] - Net profit after deducting non-recurring gains and losses decreased by 5.10% to ¥13,482,982.82[8] - Basic earnings per share decreased by 6.25% to ¥0.15[8] - The weighted average return on equity decreased by 2.08% to 2.96%[8] - Cash flow from operating activities decreased by 58.76% to ¥19,900,760.25[8] Assets and Liabilities - Total assets increased by 8.91% to ¥626,982,444.27 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 35.68% to ¥26,109,832.04 due to fundraising investments and increased financial management of own funds[16] - Accounts receivable increased by 63.35% to ¥68,477,398.11, primarily due to increased sales revenue during the reporting period[16] - Inventory rose by 47.50% to ¥24,132,247.15, mainly due to increased stock of raw materials[16] - Construction in progress surged by 140.05% to ¥19,784,564.22, attributed to investments in fundraising projects[16] - The accounts payable increased by 229.31% to ¥13,533,972.35, mainly due to increased payables for equipment and materials related to fundraising projects[16] Government Support and Subsidies - The company received government subsidies totaling ¥11,654,257.41, primarily for listing support[9] - Other income increased by 100% to ¥721,856.62, reflecting government subsidies related to daily operations[19] - The company has received support funds from the listing, contributing to improved efficiency in the use of temporarily idle funds and increased investment income[28] Investment and Cash Flow - Investment cash flow net amount decreased by 90.87% to -¥25,134,247.17, primarily due to increased investment in fundraising projects[18] - Financial expenses increased by 252.81% to ¥1,065,433.34, mainly due to increased exchange losses from currency fluctuations[19] - The company reported a 321.14% increase in investment income to ¥5,758,398.04, driven by higher returns from purchased financial products[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,645[12] - The largest shareholder, Xiang Hongwei, holds 57.75% of the shares, amounting to 62,370,000 shares[12] Revenue from Branches - The company reported a total of 10,000.00 in revenue from Wuxi Meicun branch, achieving a yield of 90.00%[21] - The Wuxi Xishan branch generated 3,500.00 in revenue with a yield of 27.51%[22] - The company has a projected revenue of 2,000.00 from the Shanghai Pudong Development Bank with a yield of 19.75%[22] - The total revenue from the Wuxi Xishan branch for the month of May was 2,500.00, with a yield of 27.51%[22] - The company achieved a revenue of 1,500.00 from the Shanghai Pudong Development Bank with a yield of 9.38%[22] - The company has a future projection of 3,000.00 from the Shanghai Pudong Development Bank with a yield of 31.50%[22] - The Wuxi Meicun branch reported a revenue of 2,000.00 with a yield of 18.25%[21] - The company recorded a revenue of 1,000.00 from the Shanghai Pudong Development Bank with a yield of 9.49%[22] - The company has a total of 1,500.00 in revenue from the Wuxi Xishan branch with a yield of 10.85%[21] Operational Developments - The company has completed the construction of a new materials R&D center, with a building area of 3,677.81 square meters, expected to be operational by the end of December 2017[24] - The construction of a production facility for 60,000 tons of water-based industrial paint base materials is ongoing, with the first phase of 30,000 tons already in usable condition[25] - The company has successfully trial-produced water-based series products at the new R&D center[24] - The company is actively advancing the installation and testing of key experimental and testing equipment for the R&D center[24] Compliance and Governance - The company reported no overdue principal or income during the reporting period[29] - There are no violations of external guarantees during the reporting period[29] - The company has no non-operating occupation of funds by controlling shareholders or related parties during the reporting period[30] - The company has not engaged in any investor relations activities during the reporting period[31] Future Projections - The estimated net profit attributable to shareholders for 2017 is projected to be between 65.78 million and 81.56 million CNY, representing a year-on-year increase of 25% to 55%[28] - The company is focusing on expanding its market presence through new product offerings and strategic partnerships[21]