Financial Performance - The company's operating revenue for Q1 2019 was ¥232,385,596.27, representing a 34.16% increase compared to ¥173,220,460.51 in the same period last year[10] - Net profit attributable to shareholders was ¥28,508,610.55, a significant increase of 167.81% from ¥10,644,943.87 year-on-year[10] - Basic earnings per share rose to ¥0.2486, up 167.89% from ¥0.1114 in the same period last year[10] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥27,202,539.11, which is an increase of 181.69% compared to ¥9,657,003.24 last year[10] - Net profit for the current period was ¥29,283,097.86, representing a significant increase of 154.5% compared to ¥11,528,437.61 in the previous period[58] - The company’s total profit amounted to ¥33,240,359.80, up from ¥12,866,507.52 in the previous period, reflecting a growth of 158.8%[58] Cash Flow - The net cash flow from operating activities improved to ¥4,880,023.42, a turnaround from a negative cash flow of ¥33,010,307.95 in the previous year, marking a 114.78% increase[10] - Cash flow from operating activities generated a net amount of CNY 4,880,023.42, a recovery from a negative CNY 33,010,307.95 in the prior period[72] - Cash outflows from operating activities were CNY 195,048,043.13, compared to CNY 310,786,756.77 in the previous period, showing improved cash management[72] - Cash flow from investing activities resulted in a net outflow of CNY 29,215,293.68, an improvement from a net outflow of CNY 43,268,486.65 last year[75] - Cash flow from financing activities generated a net inflow of CNY 28,268,951.68, compared to CNY 44,583,973.46 in the previous period[75] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,355,027,837.53, reflecting a 2.51% increase from ¥1,321,806,686.28 at the end of the previous year[10] - The total liabilities amounted to 550,100,489.70, slightly increasing from 549,721,828.34[41] - The total owner's equity reached 804,927,347.83, up from 772,084,857.94, indicating a growth of approximately 4.5%[44] - The total current liabilities decreased to 346,838,999.31 from 375,030,032.69, a reduction of approximately 7.5%[41] - Long-term borrowings rose to 182,642,857.15 from 161,042,857.15, an increase of about 13.5%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,670[14] - The net assets attributable to shareholders increased to ¥789,112,984.80, a growth of 4.24% from ¥757,044,982.22 at the end of the previous year[10] - The company's retained earnings increased to 423,807,747.03 from 395,299,136.48, showing a growth of approximately 7.2%[44] Expenses and Investments - Research and development expenses rose by 40.05%, reflecting increased investment in R&D[23] - Tax expenses increased by 195.74% as a result of higher profits leading to increased tax provisions[23] - Management expenses surged by 152.87% due to increased stock incentive compensation[23] - Investment income surged by 300.27% due to increased financial management income[23] Government Support - The company received government subsidies amounting to ¥2,002,443.21 during the reporting period[12] - Other income rose by 68.23% due to increased government subsidies related to daily activities[23] Operational Efficiency - The company is focusing on improving operational efficiency and cash flow management strategies to enhance financial stability moving forward[72]

Financial Performance - The company's operating revenue for 2018 was ¥913,114,502.19, representing a 40.18% increase compared to ¥651,401,582.22 in 2017[25] - The net profit attributable to shareholders for 2018 was ¥73,406,778.56, a 58.47% increase from ¥46,322,474.18 in 2017[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥72,361,040.73, up 77.15% from ¥40,846,250.67 in 2017[25] - The net cash flow from operating activities for 2018 was ¥97,514,530.30, an increase of 47.55% compared to ¥66,089,108.37 in 2017[25] - Basic earnings per share for 2018 were ¥0.6401, reflecting a 58.44% increase from ¥0.4847 in 2017[25] - Diluted earnings per share increased to CNY 0.6262, up 55.00% from CNY 0.4040 in the previous year[28] - Total assets reached CNY 1,321,806,686.28, representing a 19.23% increase from CNY 1,108,661,075.33 at the end of the previous year[28] - The company reported a significant increase in sales volume, with self-operated product sales volume rising by 27.25% to 25,302.9 tons[78] - The company’s net profit target completion rate was 113%, reinforcing confidence in achieving the five-year strategic plan[66] Dividend Policy - The company plans to distribute a cash dividend of ¥2.00 per 10 shares, based on a total of ¥119,064,000[8] - The company distributed cash dividends of 23,812,800.00 CNY in 2018, representing 32.44% of the net profit attributable to ordinary shareholders[131] - The company plans to distribute cash dividends of 2.0 CNY per 10 shares for the 2018 fiscal year, subject to shareholder approval[131] - The company has a policy to distribute at least 10% of the distributable profit as cash dividends annually, with a cumulative distribution of at least 30% over the last three years[130] - The company’s cash dividend distribution is contingent upon achieving positive distributable profits and maintaining a debt-to-asset ratio below 50%[130] - The company has a differentiated cash dividend policy based on its development stage, with a minimum cash dividend ratio of 80% for mature stages without major capital expenditures[130] - The company’s cash dividend policy has been confirmed to comply with relevant regulations and has been transparently communicated to shareholders[131] Risk Management - The company has identified risks including raw material price fluctuations and market competition, which may impact future performance[8] - The company emphasizes the importance of risk awareness for investors regarding future plans and performance forecasts[7] - The company faces market competition risks but plans to optimize existing products and accelerate new product development[116] - The company is addressing raw material price volatility by diversifying procurement channels and improving cost control measures[116] - Environmental risks are being managed through improved facilities and compliance with stricter regulations[117] Research and Development - Research and development expenses surged by 135.13% to ¥35,635,709.21, attributed to increased investment in R&D[89] - Research and development (R&D) investment increased by 59.60% from 22,328,503.42 CNY in 2017 to 35,635,709.21 CNY in 2018, representing 3.90% of operating revenue[93] - The number of R&D personnel rose by 64.63% from 82 in 2017 to 135 in 2018, increasing the proportion of R&D staff to 12.83%[93] - The company is actively engaged in R&D for new technologies and products, having established a research center for cellulose ether technology in 2008[53] Production and Capacity - The company completed the renovation project for cellulose ether with a capacity of 20,000 tons/year, which has been transferred to fixed assets, indicating a significant investment in production capacity[48] - The 20,000 tons/year cellulose ether renovation project successfully completed trial production in September 2018, with automation and product quality reaching international advanced levels[66] - The company has developed a large-scale, continuous production process for HPMC plant capsules, which are expected to become a significant direction for the hollow capsule industry upgrade in the coming years due to their green safety and high stability advantages[47] - The cellulose ether production process has been optimized for efficiency, with a fully automated control system that enhances safety and reduces labor requirements[53] Market Presence - The company has established a strong brand presence in the cellulose ether market, recognized as a "Shandong Famous Brand" and a "Shandong Province Famous Trademark"[55] - The company has a stable customer base, supplying major clients in the construction, pharmaceutical, and food industries across over 60 countries[56] - The company has successfully opened the capsule product market in Europe and the United States, laying a foundation for revenue and profit growth[67] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within two years[159] Corporate Governance - The company has maintained no significant differences in net profit and net assets between international and Chinese accounting standards during the reporting period[29][30] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[195] - The company maintained a commitment to equity incentives, fulfilling all promises made to minority shareholders[191] - The company’s board of directors ensures that minority shareholders have opportunities to express their opinions and that their rights are protected[131] Future Outlook - The company expects revenue growth of 10% for the upcoming fiscal year, driven by new product launches and market expansion[157] - New product lines are expected to contribute an additional $100 million in revenue over the next year[162] - Future guidance indicates a focus on sustainable practices, aiming for a 40% reduction in carbon emissions by 2025[164]

山东赫达股份有限公司 2018 年第三季度报告正文 证券代码：002810 证券简称：山东赫达 公告编号：2018-054 山东赫达股份有限公司 2018 年第三季度报告正文 1 山东赫达股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人毕心德、主管会计工作负责人崔玲及会计机构负责人(会计主管 人员)王花声明：保证季度报告中财务报表的真实、准确、完整。 2 山东赫达股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 项目 年初至报告期期末金额 说明 非流动资产处置损益（包括已计提资产减值准备的冲销部分） -999,934.99 计入当期损益的政府补助（与企业业务密切相关，按照国家统 2,075,015.72 3 山东赫达股份有限公司 2018 年第三季度报告正文 | 一标准定额或定量享受的政府补助除外） | | | | - ...

山东赫达股份有限公司 2018 年半年度报告全文 山东赫达股份有限公司 2018 年半年度报告 2018-048 2018 年 08 月 1 山东赫达股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人毕心德、主管会计工作负责人毕松羚及会计机构负责人(会计主 管人员)崔玲声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来计划、业绩预测等方面的内容，均不构成公司对投 资者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异，请投资者注意投资风险。 公司存在原材料价格波动风险、市场竞争风险、环保风险、安全生产风险、 大规模建设投入导致利润下滑的风险以及税收政策变化风险，敬请广大投资者 注意投资风险。公司在本报告"第四节经营情况讨论与分析"之"十、公司面临的 风险和应对措施"部分详细描述了公司未来经营中可能存在的风险及应对 ...

山东赫达股份有限公司 2018 年第一季度报告正文 证券代码：002810 证券简称：山东赫达 公告编号：2018-008 2 山东赫达股份有限公司 2018 年第一季度报告正文 1 山东赫达股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人毕心德、主管会计工作负责人毕松羚及会计机构负责人(会计主 管人员)刘超声明：保证季度报告中财务报表的真实、准确、完整。 山东赫达股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 173,220,460.51 | 137,273,006.04 | 26.19% | | 归属于上市公司股东的净利润（元） | 10,644 ...

山东赫达股份有限公司 2017 年年度报告全文 1 山东赫达股份有限公司 山东赫达股份有限公司 2017 年年度报告全文 2017 年年度报告 第一节 重要提示、目录和释义 2018-005 2018 年 04 月 公司存在原材料价格波动风险、市场竞争风险、环保风险、安全生产风险、 大规模建设投入导致利润下滑的风险，敬请广大投资者注意投资风险。公司在 本报告"第四节经营情况讨论与分析"之"九、公司未来发展的展望"部分详细描 述了公司未来经营中可能存在的风险及应对措施，敬请投资者关注相关内容。 公司经本次董事会审议通过的利润分配预案为：以 95560000 为基数，向全 体股东每 10 股派发现金红利 0.00 元（含税），送红股 0 股（含税），以资本公积 金向全体股东每 10 股转增 2 股。 2 | 目录 | | --- | 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 | 第一节 | 重要提示、目录和释义 5 | | --- | --- | | 第二节 | 公司简介和主要财务指标 9 | | 第三节 ...

山东赫达股份有限公司 2017 年第三季度报告正文 证券代码：002810 证券简称：山东赫达 公告编号：2017-044 山东赫达股份有限公司 2017 年第三季度报告正文 1 山东赫达股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人毕心德、主管会计工作负责人毕松羚及会计机构负责人(会计主 管人员)刘超声明：保证季度报告中财务报表的真实、准确、完整。 2 山东赫达股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -19,185.72 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 6,731,921.85 ...

1 山东赫达股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 山东赫达股份有限公司 2017 年半年度报告全文 山东赫达股份有限公司 2017 年半年度报告 2017-035 2017 年 08 月 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人毕心德、主管会计工作负责人毕松羚及会计机构负责人(会计主 管人员)刘超声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来计划、业绩预测等方面的内容，均不构成公司对投 资者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异，请投资者注意投资风险。 公司存在原材料价格波动风险、市场竞争风险、环保风险、安全生产风险、 大规模建设投入导致利润下滑的风险，敬请广大投资者注意投资风险。公司在 本报告"第四节经营情况讨论与分析"部分详细描述了公司未来经营中可能存在 的风险及应对措施，敬请投资者关注相关内容 公司计划不派发现金红利， ...

Financial Performance - Revenue for Q1 2017 was CNY 137,273,006.04, representing a 9.20% increase compared to CNY 125,711,695.21 in the same period last year[8] - Net profit attributable to shareholders was CNY 15,499,978.69, a significant increase of 38.50% from CNY 11,191,394.44 year-on-year[8] - Basic earnings per share for Q1 2017 were CNY 0.1622, a 3.77% increase from CNY 0.1563 in the previous year[8] - The total profit for Q1 2017 was CNY 18,358,033.05, up from CNY 13,168,541.85, indicating a year-over-year increase of about 39.5%[35] - The net profit for Q1 2017 reached CNY 15,597,522.82, compared to CNY 10,967,314.29 in the same period last year, representing a growth of approximately 42.5%[36] - The company reported a total comprehensive income of CNY 15,597,522.82 for Q1 2017, compared to CNY 10,967,314.29 in the same period last year[36] Cash Flow - Net cash flow from operating activities was negative at CNY -35,128,295.33, a decline of 379.72% compared to CNY 12,558,387.11 in the previous year[8] - The cash inflow from operating activities was CNY 173,130,199.70, significantly higher than CNY 104,317,536.48 in the previous period[42] - The total cash inflow from operating activities was 169,878,111.00 CNY, significantly higher than 94,886,028.38 CNY in the previous period, suggesting improved sales performance[45] - The cash flow from financing activities increased significantly by 1424.50% to ¥87,773,949.09 from ¥5,757,541.52, due to increased loans for the cellulose ether renovation project[16] - Total cash inflow from financing activities was 91,380,222.14 CNY, up from 40,065,205.00 CNY in the previous period, reflecting increased borrowing and financing efforts[44] - The cash flow from financing activities netted 87,773,949.09 CNY, a substantial increase from 5,757,541.52 CNY in the previous period, highlighting enhanced capital raising efforts[44] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 998,133,533.27, marking a 10.03% increase from CNY 907,128,134.95 at the end of the previous year[8] - Total liabilities reached CNY 347,481,378.54, up from CNY 272,073,503.04, indicating a rise of 27.8%[28] - Owner's equity totaled CNY 650,652,154.73, compared to CNY 635,054,631.91 at the beginning of the period, showing a slight increase of 2.8%[29] - Current assets totaled CNY 565,070,281.70, compared to CNY 478,505,662.14 at the beginning of the period, reflecting a growth of approximately 18.1%[30] Operational Costs - Total operating costs amounted to CNY 123,927,419.28, up from CNY 113,179,839.78 year-on-year[34] - Sales expenses rose by 47.27% to ¥4,955,261.68 from ¥3,364,803.88, mainly due to higher salaries and transportation costs[16] - The company paid 161,187,703.41 CNY for purchasing goods and services, a significant increase from 49,211,052.63 CNY in the previous period, reflecting higher operational costs[45] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,855[11] - The largest shareholder, Bi Xinde, holds 31.12% of the shares, amounting to 29,739,147 shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Investment and Other Activities - The company reported non-recurring gains and losses totaling CNY 4,229,876.24 for the reporting period[9] - The company’s long-term investments in equity stood at CNY 30,957,553.62, slightly down from CNY 30,969,889.87[30] - The investment income for Q1 2017 was a loss of CNY 12,336.25, an improvement from a loss of CNY 55,842.78 in the previous year[35] Future Outlook - The company expects net profit attributable to shareholders for the first half of 2017 to range from ¥24,228,000 to ¥36,342,000, reflecting a growth of 0% to 50% compared to the same period in 2016[19]

山东赫达股份有限公司 2016 年年度报告全文 山东赫达股份有限公司 2016 年年度报告 2017-017 2017 年 04 月 1 山东赫达股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人毕心德、主管会计工作负责人毕松羚及会计机构负责人(会计主 管人员)刘超声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来计划、业绩预测等方面的内容，均不构成公司对投 资者的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应 当理解计划、预测与承诺之间的差异，请投资者注意投资风险。 公司存在原材料价格波动风险、市场竞争风险、环保风险、安全生产风险、 大规模建设投入导致利润下滑的风险，敬请广大投资者注意投资风险。公司在 本报告"第四节经营情况讨论与分析"之"九、公司未来发展的展望"部分详细描 述了公司未来经营中可能存在的风险及应对措施，敬请投资者关注相关内容。 公司 ...