上海纳尔实业股份有限公司 投资者关系活动记录表 证券代码：002825 证券简称：纳尔股份 编号：2022-010 上海纳尔实业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------|------------------------------------------------------------| | | 特定对象调研 | □分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系活 | □新闻发布会 □路演活动 | | | 动类别 | □现场参观 | | | | 其他 | | | 参与单位名称 及人员姓名 | 申万研究所：邵靖宇；兴证资管 | : 孙鹏 | | 时间 | 2022 年 20 月 13 | 日（星期三） 14:00-16:00 | | | 地点 线上会议方式交流 | | | | 一、 | 公司主要情况介绍 | | | | 公司董秘游爱军对公司业务进行了介绍：公司主要业务为数 | | | | 码喷绘材料及汽车保护膜、光学膜等新 ...

上海纳尔实业股份有限公司 投资者关系活动记录表 证券代码：002825 证券简称：纳尔股份 编号：2022-011 上海纳尔实业股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------------------|-------------------------------------|----------------------------------------------------------------| | 投 资 者关 系活 \n动类别 | \n□新闻发布会 \n□现场参观 \n 其他 | 特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□路演活动 | | 参 与 单位 名称 及人员姓名 | 招商证券：连莹 | | | 时间 | 2022 年 11 月 8 | 日（星期二） 14:00-15:00 | | | 地点 线上会议方式交流 | | | | 一、 | 公司主要情况介绍 | | | | 公司董秘游爱军对公司业务进行了介绍：公司主要业务为数 | | | | 码喷绘材料及汽车保护膜、光学膜等新材料产品、以及氢能源业务。 | | ...

上海纳尔实业股份有限公司 2022 年第三季度报告 证券代码：002825 证券简称：纳尔股份 公告编号：2022-086 上海纳尔实业股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 上海纳尔实业股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 378,535,750.94 | -15.02% | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥954,160,043.85, representing a 20.33% increase compared to ¥792,956,009.11 in the same period last year[26]. - Net profit attributable to shareholders reached ¥353,955,975.45, a significant increase of 725.98% from ¥42,852,621.69 in the previous year[26]. - The basic earnings per share rose to ¥1.94, up 743.48% from ¥0.23 in the same period last year[26]. - The total assets at the end of the reporting period were ¥1,981,049,887.43, reflecting a 13.56% increase from ¥1,744,552,847.92 at the end of the previous year[26]. - The net assets attributable to shareholders increased by 29.81% to ¥1,369,435,784.13 from ¥1,054,928,323.46 at the end of the previous year[26]. - The company reported a net cash flow from operating activities of ¥49,523,884.77, a slight increase of 0.60% compared to ¥49,226,699.22 in the previous year[26]. - The weighted average return on equity was 28.89%, up 25.93% from 2.96% in the same period last year[26]. - The company reported a significant increase in income tax expenses, which surged by 756.84% to ¥64,759,517.16[45]. - The total investment during the reporting period was ¥60,335,000.00, marking a substantial increase of 118.43% compared to ¥27,622,500.00 in the same period last year[59]. - The company reported a net profit margin of 8% for the first half of 2022, consistent with industry standards[118]. Market Position and Strategy - The company operates in precision coating, focusing on digital printing materials and automotive protective films, with a leading market share in the industry[34]. - The competitive landscape in the digital printing materials industry is intensifying, with domestic manufacturers facing challenges from international leaders[7]. - The company has developed a diverse product line with dozens of subcategories, catering to various customer needs in the digital printing materials sector[39]. - The company has established a marketing network covering over 200 cities in China and exports products to over 90 countries, enhancing market reach[40]. - The company is actively addressing the cyclical nature of demand for digital printing materials by developing new products and applications[74]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for potential deals[92]. - The company plans to expand its market presence and invest in new product development to drive future growth[169]. - The company aims to improve operational efficiency and reduce costs in the upcoming quarters to enhance profitability[170]. Research and Development - Research and development expenses rose by 15.84% to ¥42,535,862.50, reflecting ongoing efforts to enhance new technology development[45]. - The hydrogen energy business began in 2021, with high-performance fuel cell membrane electrode products currently in the R&D testing phase[35]. - The company is investing 200 million yuan in research and development for new technologies aimed at enhancing user experience[92]. - The company increased R&D investment to develop high-performance and high-value-added products to enhance competitiveness in the international market[75]. Risk Management - The company faces risks from raw material price fluctuations, which significantly impact production costs[6]. - The company has implemented measures to hedge against raw material price fluctuations, which account for a significant portion of production costs[74]. - The company is exposed to foreign exchange risks due to fluctuations in the RMB exchange rate, which may impact product pricing and profit margins[75]. - The company utilizes risk-neutral management tools such as forward foreign exchange and options to hedge foreign currency receivables[75]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[8]. - The company has implemented a restricted stock incentive plan, approved by the board on June 6, 2022, to support sustainable development[81]. - The company’s board and management personnel did not change during the reporting period, ensuring stability in governance[79]. - The company will disclose any unfulfilled public commitments, including details on the content, reasons, and subsequent handling, to shareholders and the public[93]. - The company has established a mechanism for social supervision and will accept regulatory oversight from the China Securities Regulatory Commission[93]. Financial Position - The total liabilities increased to ¥514,663,571.44 from ¥375,076,146.70 at the start of the year[153]. - The equity attributable to shareholders of the parent company rose to ¥1,054,370,989.98, compared to ¥927,291,855.17 at the beginning of the year[153]. - The company reported a total cash inflow from financing activities of CNY 24,500,546.00, a decrease from CNY 278,329,922.08 in the first half of 2021, indicating a shift in financing strategy[164]. - The company reported a total revenue of 2,243.5 million RMB, which is an increase of 8.4% compared to the same period last year[167]. - The total equity attributable to shareholders was 559.35 million RMB, indicating a stable financial position[168]. Compliance and Regulations - No significant environmental penalties were reported during the reporting period, indicating compliance with environmental regulations[87]. - The company adheres to the Chinese Accounting Standards, ensuring that financial statements reflect a true and complete picture of its financial status[184]. - The financial report for the first half of 2022 was not audited[145]. - The company did not experience any bankruptcy reorganization matters during the reporting period[99]. - There were no violations regarding external guarantees during the reporting period[97].

Financial Performance - The company's revenue for the first half of 2022 was CNY 954,160,043.85, representing a 20.33% increase compared to CNY 792,956,009.11 in the same period last year[27]. - Net profit attributable to shareholders reached CNY 353,955,975.45, a significant increase of 725.98% from CNY 42,852,621.69 in the previous year[27]. - The basic earnings per share rose to CNY 1.94, up 743.48% from CNY 0.23 in the same period last year[27]. - The total comprehensive income for the first half of 2022 was CNY 368.22 million, compared to CNY 64.21 million in the first half of 2021, indicating a growth of 474.5%[173]. - The total profit for the first half of 2022 was CNY 432.98 million, compared to CNY 71.77 million in the previous year, reflecting a growth of 503.5%[172]. - The company reported a significant increase in income tax expenses, which surged by 756.84% to ¥64,759,517.16 from ¥7,557,961.27[46]. - The company's operating revenue for the first half of 2022 was CNY 542.30 million, an increase of 17.1% compared to CNY 463.28 million in the same period of 2021[175]. - The net profit attributable to the parent company was CNY 353.96 million, up 73.3% from CNY 42.85 million in the first half of 2021[173]. Assets and Liabilities - The company's total assets increased by 13.56% to CNY 1,981,049,887.43 from CNY 1,744,552,847.92 at the end of the previous year[27]. - The total amount of funds raised in 2020 through private placement was CNY 27,124.06 million, with CNY 6,033.5 million used in the current period and a cumulative total of CNY 11,078.4 million used[65]. - As of June 30, 2022, the remaining unused funds amount to CNY 16,793.15 million, which includes CNY 9,000 million in time deposits and CNY 7,000 million in financial products[65]. - The company's total liabilities were CNY 603,960,184.23, slightly up from CNY 599,368,074.40, showing a marginal increase of 0.3%[165]. - The company's total current assets amounted to approximately ¥1,106.15 million, a decrease from ¥1,163.26 million at the beginning of the year, reflecting a decline of about 4.9%[163]. Cash Flow - The company reported a net cash flow from operating activities of CNY 49,523,884.77, a slight increase of 0.60% compared to CNY 49,226,699.22 in the same period last year[27]. - The net cash flow from investing activities was negative at CNY -83,204,168.64 for H1 2022, an improvement from CNY -132,161,717.01 in H1 2021, suggesting better investment management[179]. - The company's cash inflow from investment activities totaled CNY 373,682,835.90 in H1 2022, down from CNY 454,201,262.28 in H1 2021, reflecting a decrease of approximately 17.7%[179]. - The company's cash flow from operating activities showed a net increase of CNY 22,220,112.28 in H1 2022, down from CNY 119,803,902.05 in H1 2021, highlighting a decline in cash generation efficiency[179]. Research and Development - Research and development expenses rose by 15.84% to ¥42,535,862.50, reflecting ongoing efforts to enhance new technology development[46]. - The company has a strong focus on R&D, with a dedicated team and partnerships to drive innovation in new products and technologies[38]. - The company plans to enhance its product offerings by increasing R&D investment to develop high-performance and high-value-added products to compete in the international market[74]. - Research and development expenses increased by 10% year-on-year, indicating a focus on innovation and new technology[184]. Market Position and Strategy - The company focuses on precision coating in digital printing materials and automotive protective films, maintaining a leading market share in the industry[35]. - The competitive landscape in the digital printing materials industry is intensifying, with domestic manufacturers facing challenges from international players[7]. - The company has developed a diverse product line with dozens of subcategories, catering to various customer needs in the digital printing materials sector[40]. - The company plans to expand its market presence by launching new products in the second half of 2022[184]. - The company is exploring potential acquisitions to expand its market presence in Southeast Asia[188]. Risks and Challenges - The company faces risks from raw material price fluctuations, which significantly impact production costs[6]. - The company has identified risks related to industry cycle fluctuations, raw material price volatility, intensified market competition, and exchange rate fluctuations, and is implementing strategies to mitigate these risks[74][76]. - The company has not reported any significant changes in project feasibility during the reporting period[67]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[8]. - The company has initiated a restricted stock incentive plan to promote sustainable development and align interests with shareholders[82]. - The company has not reported any changes in its board of directors, supervisors, or senior management during the reporting period[80]. - The company is committed to fulfilling its information disclosure responsibilities and compensating investors for losses incurred due to misleading statements in the prospectus[98]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[88]. - The company has committed to accept social supervision and will rectify violations of public commitments promptly[104]. Miscellaneous - The company reported a significant loss due to major information disclosure flaws, which may lead to legal compensation obligations to investors[99]. - The company has not engaged in any related party transactions during the reporting period[118]. - There were no significant litigation or arbitration matters during the reporting period[115].

Revenue and Profit - Revenue for Q1 2022 reached ¥506,509,460.47, an increase of 37.85% compared to ¥367,430,228.28 in the same period last year[3] - Net profit attributable to shareholders was ¥22,756,955.95, up 6.47% from ¥21,374,376.69 year-on-year[3] - Net profit excluding non-recurring items increased by 31.21% to ¥26,078,784.52 from ¥19,874,915.21 in the previous year[3] - The total operating revenue for Q1 2022 was RMB 506,509,460.47, compared to RMB 367,430,228.28 in the previous period, indicating a significant increase[16] - The net profit for Q1 2022 was RMB 36,195,574.58, slightly down from RMB 36,665,686.09 in the previous period[16] - The net profit for Q1 2022 was CNY 29,966,030.62, compared to CNY 32,910,012.67 in Q1 2021, indicating a decrease of about 8.9%[18] - The company reported a decrease in net profit attributable to minority shareholders, which was CNY 7,209,074.67 in Q1 2022, down from CNY 11,535,635.98 in Q1 2021, a decline of approximately 37.5%[18] Cash Flow and Assets - Operating cash flow decreased by 56.40% to ¥5,796,039.69 from ¥13,293,785.18 in the same period last year[3] - Cash and cash equivalents at the end of Q1 2022 were RMB 490,894,999.63, a decrease from RMB 519,619,528.23 at the beginning of the year[13] - The net cash flow from operating activities was CNY 5,796,039.69, down from CNY 13,293,785.18 in the previous year, a decline of approximately 56.4%[20] - The cash and cash equivalents at the end of Q1 2022 were CNY 413,777,641.70, compared to CNY 246,900,129.67 at the end of Q1 2021, showing an increase of about 67.5%[22] - Total assets at the end of the period were ¥1,747,735,339.69, a slight increase of 0.18% from ¥1,744,552,847.92 at the end of the previous year[3] - Total assets as of March 31, 2022, were RMB 1,747,735,339.69, slightly up from RMB 1,744,552,847.92 at the beginning of the year[15] Liabilities and Equity - Total liabilities decreased to ¥572,607,624.04 from ¥599,368,074.40, indicating a reduction of approximately 4.5%[15] - The company's equity attributable to shareholders increased to RMB 1,077,662,190.91 from RMB 1,054,928,323.46, reflecting a growth of about 2.1%[15] Research and Development - Research and development expenses rose by 41.09% to ¥22,696,995.58, reflecting increased investment in new product development[7] - Research and development expenses for Q1 2022 were RMB 22,696,995.58, compared to RMB 16,086,872.98 in the previous period, showing an increase of approximately 41.3%[16] Investments and Subsidies - The company reported a significant increase in long-term equity investments, which rose by 99.63% to ¥27,423,877.04 due to new investments[7] - The company received government subsidies amounting to ¥592,826.56, an increase of 281.14% compared to the previous year[7] Future Plans - The company plans to continue expanding its market presence and investing in new technologies[3] Earnings Per Share - The basic earnings per share remained stable at CNY 0.13 for both Q1 2022 and Q1 2021[18] Financial Reporting - The company did not report any audited financial results for Q1 2022[23]

Financial Performance - The company reported a total revenue of 171,398,377 RMB for the year 2021, with a cash dividend of 2.50 RMB per 10 shares distributed to shareholders[5]. - The company's operating revenue for 2021 was ¥1,758,700,465.53, representing a 40.28% increase compared to ¥1,253,716,067.94 in 2020[6]. - The net profit attributable to shareholders for 2021 was ¥61,657,130.34, a decrease of 35.64% from ¥95,798,652.41 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,809,489.61, down 46.70% from ¥89,695,462.91 in 2020[6]. - The company's total assets increased by 42.85% to ¥1,744,552,847.92 at the end of 2021, compared to ¥1,221,281,870.27 at the end of 2020[6]. - The basic earnings per share for 2021 was ¥0.360, a decline of 44.62% from ¥0.650 in 2020[6]. - The weighted average return on equity for 2021 was 6.05%, down from 12.76% in 2020, indicating a decrease of 6.71%[6]. - The company reported a net cash flow from operating activities of ¥127,569,087.69, a slight increase of 2.27% from ¥124,734,329.36 in 2020[6]. - The gross profit margin for the digital printing materials industry was 17.71%, reflecting a decrease of 6.28% from the previous year[48]. - The company achieved a revenue of 1.76 billion RMB in 2021, representing a year-on-year increase of 40.28%[43]. - Net profit for the year was 61.66 million RMB, a decrease of 35.64% compared to the previous year[43]. Market and Competition - The digital printing materials industry is experiencing intensified competition, particularly from international leaders like 3M and Avery, which possess advantages in technology and market share[4]. - The company is actively exploring market expansion opportunities both domestically and internationally to increase its market share[4]. - The automotive paint protection film market is experiencing significant growth, with a low penetration rate of 1.6% in 2015 and 2.7% in 2016 for high-end vehicles, indicating substantial market potential[30]. - The company has identified opportunities in the automotive protection film market, particularly with the rise of new energy vehicles and increasing consumer demand for vehicle aesthetics and safety[30]. - The domestic market contributed 63.92% of total revenue, while international sales accounted for 36.08%, with a 55.85% increase in foreign sales[46]. - The company has established a comprehensive marketing service network with over 200 regional agents, enhancing market reach and brand influence[40]. Research and Development - The company has a strong focus on R&D for new products and technologies to enhance its market position and competitiveness[4]. - The company is focusing on expanding its product offerings in precision coating new film materials and digital ink industries, which are expected to drive future growth[29]. - The company has applied for 4 invention patents and 10 utility model patents during the reporting period, with a total of 38 invention patents and 95 utility model patents authorized by the end of 2021[37]. - Research and development expenses increased by 43.54% to ¥85,618,854.67 in 2021, up from ¥59,648,287.07 in 2020, due to increased investment in new product development[56]. - The company is developing fuel cell membrane electrode technology, which is crucial for hydrogen energy applications, and is currently in the testing phase[36]. - The company is focusing on developing specialized inks for various printhead technologies to enhance market competitiveness and meet customer demands[63]. Operational Efficiency - The company implemented an ERP management system to improve operational efficiency across sales, procurement, and inventory management[42]. - The company has a significant production capacity in digital printing materials and automotive protective films, maintaining a leading market position with continuous expansion of competitive advantages[38]. - The company has completed the development of a composite body wrap that addresses environmental issues and improves product quality, which is expected to enhance market competitiveness[57]. - The company has optimized construction projects to enhance manufacturing capacity and market share, resulting in savings on project costs[79]. Corporate Governance - The company has established a transparent information disclosure system, ensuring timely and accurate communication with investors[105]. - The company maintains complete independence in assets, personnel, finance, and operations, with no shared bank accounts or asset occupation by shareholders[107][108][109]. - The company has established a comprehensive corporate governance structure and internal control system to ensure fair treatment of all shareholders[155]. - The company has implemented a "people-oriented" corporate culture, providing extensive training and development opportunities for employees to enhance overall quality[156]. - The company has established a worker assistance fund to support employees in need[156]. Future Outlook - Future outlook includes a projected revenue growth of 15% for 2022, driven by new product launches and market expansion strategies[99]. - The company is actively pursuing market expansion, targeting an increase in its presence in Southeast Asia, with plans to open 50 new retail locations by the end of 2022[164]. - The company plans to achieve sales of 8 million yuan from the development of Epson S3200 printhead sublimation ink, with an annual profit increase of 500,000 yuan and the creation of 4 new jobs[59]. - The company aims to expand its market presence in digital printing materials, automotive protective films, and hydrogen energy sectors, focusing on creating a better living environment and contributing to low-carbon, green living[90]. Risk Management - The company faces risks from raw material price fluctuations, with key materials like PVC film and resin significantly impacting production costs[4]. - The company is exposed to exchange rate fluctuations, which can affect the pricing competitiveness of its export products and lead to potential foreign exchange losses[5]. - The company has implemented a robust strategy for risk management, focusing on minimizing potential financial liabilities and ensuring sustainable growth[165]. Shareholder Relations - The company aims to strengthen investor relations by establishing a systematic communication mechanism to enhance transparency and foster long-term partnerships with investors[95]. - The company held multiple investor relations activities throughout 2021, focusing on overall operational performance and future development plans[97]. - The company reported a total of 70,419,300 shares held by directors and senior management at the end of the reporting period, with an increase of 399,500 shares during the period[112].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 445,462,508.65, representing a year-on-year increase of 29.19%[3] - The net profit attributable to shareholders for Q3 2021 was CNY 28,065,049.16, a decrease of 15.52% compared to the same period last year[3] - The basic earnings per share for Q3 2021 was CNY 0.17, down 15.00% year-on-year[3] - Net profit attributable to shareholders for Q3 2021 was CNY 98,925,093.05, compared to CNY 103,830,446.98 in Q3 2020, reflecting a decrease of 4.7%[19] - The net profit for Q3 2021 was CNY 98,588,859.86, an increase of 5.1% compared to CNY 93,645,967.86 in the same period last year[20] - The operating profit for the quarter was CNY 108,009,982.00, slightly up from CNY 107,579,538.54 year-over-year[20] - The total comprehensive income for the quarter was CNY 98,588,859.86, compared to CNY 93,645,967.86 in the same period last year[21] Revenue and Costs - Total operating revenue for Q3 2021 reached CNY 1,238,418,517.76, an increase of 44.4% compared to CNY 858,084,419.75 in the same period last year[19] - Total operating costs for Q3 2021 were CNY 1,139,493,424.71, up 51.1% from CNY 754,253,973.77 in Q3 2020[19] - The company experienced a 54.49% increase in operating costs, amounting to CNY 987,762,717.59, due to expanded sales scale[9] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 1,643,165,330.08, reflecting a growth of 34.54% from the end of the previous year[3] - Total assets as of September 30, 2021, were CNY 1,643,165,330.08, up 34.5% from CNY 1,221,281,870.27 at the end of 2020[17] - Total liabilities as of September 30, 2021, were CNY 494,466,630.71, an increase of 36.3% from CNY 362,955,260.37 at the end of 2020[16] - Inventory as of September 30, 2021, was CNY 253,093,343.72, a rise of 45.4% compared to CNY 174,003,333.31 at the end of 2020[15] Cash Flow - The company reported a net cash flow from operating activities of CNY 87,598,300.64, which is a decrease of 48.83% compared to the same period last year[3] - The cash flow from operating activities was CNY 87,598,300.64, down from CNY 171,199,395.96 in the same quarter last year[24] - The company reported a net cash outflow from investing activities of CNY -209,525,755.85, compared to CNY -142,504,764.75 in the previous year[24] - Cash and cash equivalents as of September 30, 2021, amounted to CNY 364,268,733.35, an increase of 50.0% from CNY 242,798,440.96 at the end of 2020[14] - The cash and cash equivalents at the end of the period totaled CNY 294,197,226.35, up from CNY 241,741,031.64 at the end of the same quarter last year[24] Research and Development - Research and development expenses increased by 39.00% to CNY 57,306,459.61, indicating a focus on new product development[9] - Research and development expenses for Q3 2021 were CNY 57,306,459.61, an increase of 38.9% from CNY 41,226,314.56 in Q3 2020[19] Equity and Financial Stability - The company's total equity attributable to shareholders increased by 34.61% to CNY 1,060,750,424.57[4] - The company's total equity attributable to shareholders increased to CNY 1,060,750,424.57, up 34.5% from CNY 787,999,125.24 in the previous year[17] - The company has a capital reserve of CNY 226,011,289.19, supporting its financial stability[28] Other Financial Metrics - The company incurred a credit impairment loss of CNY 2,240,168.68 during the quarter[20] - The company paid CNY 27,003,171.88 in taxes during the quarter, compared to CNY 19,399,863.88 in the previous year[24] - The company has no other non-recurring profit and loss items beyond those reported[6]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 792,956,009.11, representing a year-on-year increase of 54.49%[30]. - The net profit attributable to shareholders was CNY 42,852,621.69, a decrease of 15.69% compared to the same period last year[30]. - The net profit after deducting non-recurring gains and losses was CNY 39,428,829.51, down 17.00% year-on-year[30]. - The company's cash flow from operating activities was CNY 49,226,699.22, a decline of 44.19% compared to the previous year[30]. - The total assets at the end of the reporting period were CNY 1,549,618,441.35, an increase of 26.88% from the end of the previous year[30]. - The company reported a total revenue of 414,767,907 CNY, with a net loss of 578,703.42 CNY for the period[65]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the first half of 2021, representing a year-over-year growth of 25%[91]. - The company reported a total comprehensive income of 50.827 million yuan for the current period, which is a slight increase compared to the previous period's total of 50.858 million yuan[167]. Market Expansion and Product Development - The company is actively expanding into the automotive protective film market, which has shown strong demand and helps mitigate the volatility in the digital printing materials sector[6]. - The company plans to enhance its product line and market reach through precise marketing strategies and differentiated products to counteract intensified market competition[7]. - The company established a subsidiary in Thailand to expand into the ASEAN market, with production expected to start in the second half of 2021[32]. - The company invested approximately CNY 880 million in the Narl Fengcheng project, focusing on the production of digital printing inks and biodegradable films[32]. - The company is expanding its market presence by developing new application areas, such as the automotive protective film market, to counterbalance industry cyclicality[68]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[167]. - New product development initiatives are underway, aimed at enhancing the company's competitive edge in the industry[167]. Research and Development - The company has a strong focus on research and development to maintain competitiveness in the global market[7]. - Research and development expenses rose by 40.67% to ¥36,719,077.08, compared to ¥26,102,336.29 in the previous year, reflecting the company's commitment to enhancing new technology[43]. - The company has established a strong research and development capability, focusing on various core technologies such as coating and bonding techniques[35]. - Ongoing research and development efforts have led to the introduction of two new technologies, which are anticipated to enhance operational efficiency by 15%[91]. Financial Management and Governance - The company will not distribute cash dividends or issue bonus shares for the reporting period[8]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board and management, ensuring accountability[3]. - The company has established a comprehensive corporate governance structure to ensure fair treatment of all shareholders and enhance operational transparency[83]. - The company is committed to employee development through training programs and has established a fund to assist employees in need[83]. - The company has committed to strict compliance with information disclosure responsibilities to safeguard investor interests[89]. Risks and Challenges - The company reported significant fluctuations in raw material prices, particularly for PVC films and resins, impacting production costs due to high dependency on these materials[4]. - The company is facing risks from industry cycles, with potential adverse effects on sales due to macroeconomic uncertainties[5]. - The company faced significant risks from raw material price fluctuations, which are closely tied to the prices of petrochemical and paper products[68]. - The company has a high proportion of overseas sales, making it vulnerable to exchange rate fluctuations that could affect pricing competitiveness and profit margins[68]. Shareholder and Equity Information - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002825[17]. - The total number of ordinary shareholders at the end of the reporting period was 11,267[127]. - Major shareholder You Aiguo holds 28.85% of the company's shares, totaling 49,398,408 shares[127]. - The company has a commitment to shareholder return planning for the next three years (2020-2022)[123]. - The company reported a total of 171,221,800 shares after the recent changes, with a significant increase of 24,280,800 shares issued in 2021[117]. Cash Flow and Investments - The company achieved a net cash inflow from financing activities of ¥203,387,975.25, a substantial increase of 3,475.57% compared to ¥5,688,264.27 in the previous year, mainly due to a targeted issuance[43]. - The total cash inflow from investment activities was CNY 261,549,460.21, significantly up from CNY 122,483,012.08, marking an increase of 113.2%[162]. - The cash outflow for investment activities was CNY 426,546,173.00, a substantial increase from CNY 93,697,566.03 in the prior period[162]. - The company reported a significant increase in cash received from investment activities, with CNY 254,000,000.00 received compared to CNY 113,750,000.00 in the previous period[162]. Compliance and Regulatory Matters - The company has committed to avoiding any form of competition with its existing business during the control period, ensuring no investments in similar businesses[86]. - The controlling shareholder has pledged to minimize related party transactions and ensure they are conducted at fair market prices[86]. - The company has not engaged in any major related party transactions during the reporting period[99]. - The company has no non-operating fund occupation by controlling shareholders or related parties[94].

Financial Performance - The company's operating revenue for Q1 2021 was ¥367,430,228.28, representing a 73.20% increase compared to ¥212,144,512.84 in the same period last year[7]. - Net profit attributable to shareholders for Q1 2021 was ¥21,374,376.69, a significant increase of 156.97% from ¥8,317,912.00 in the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥19,874,915.21, up 151.85% from ¥7,891,464.45 year-on-year[7]. - Basic earnings per share for Q1 2021 were ¥0.13, reflecting a 160.00% increase from ¥0.05 in the previous year[7]. - The company reported a net profit margin improvement, with undistributed profits rising to ¥400,727,512.79 from ¥379,353,136.10[40]. - Operating profit for Q1 2021 reached CNY 36,665,686.09, compared to CNY 11,372,398.22 in the same period last year, representing a growth of approximately 222%[47]. - Net profit for Q1 2021 was CNY 32,910,012.67, up from CNY 9,925,480.26, indicating a year-over-year increase of about 231%[47]. Cash Flow - The net cash flow from operating activities was ¥13,293,785.18, which is a 34.84% increase compared to ¥9,858,799.65 in the same period last year[7]. - Cash received from sales of goods and services increased by 37.24% to CNY 378,334,248.72, indicating improved cash flow from operations[16]. - The cash inflow from operating activities was CNY 398,196,950.28, significantly higher than CNY 288,843,236.64 in the prior year[54]. - The total cash inflow from investment activities was 161,209,795.14 RMB, significantly higher than 26,633,430.24 RMB in the prior period, indicating a growth of about 504.5%[55]. - The cash inflow from sales of goods and services was 211,954,248.16 RMB, up from 156,435,480.95 RMB, representing a growth of approximately 35.5%[58]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,563,368,825.32, marking a 28.01% increase from ¥1,221,281,870.27 at the end of the previous year[7]. - The company's total liabilities increased to ¥402,201,957.14 from ¥362,955,260.37, reflecting a growth in financial obligations[39]. - The company's total equity attributable to shareholders reached ¥1,079,409,212.88, compared to ¥787,999,125.24 in the previous period, reflecting strong growth in shareholder value[40]. - The total current liabilities were reported at CNY 309,337,355.95, with other current liabilities at CNY 2,856,057.50[66]. Investments and Projects - The total investment amount for the high-performance digital printing materials project is 15,134.41 million CNY, with a completion rate of 106.64%[25]. - The digital printing materials engineering technology research and development center project has a total investment of 2,636.73 million CNY, fully completed at 100%[25]. - The acquisition of 34.33% equity in Moku Graphic Company was completed with an investment of 5,300 million CNY, achieving a 100% completion rate[25]. - The company has invested 2,455.03 million CNY for working capital and intermediary fees, with a completion rate of 100.15%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,754[11]. - The company has not experienced any significant changes in accounting policies or principles regarding derivatives compared to the previous reporting period[27]. Compliance and Governance - The company has no speculative operations in its foreign exchange derivative trading activities, focusing instead on hedging against exchange rate fluctuations[24]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[32]. - The company has not conducted an audit for the Q1 2021 report[69].