深圳市沃特新材料股份有限公司 2019 年年度报告全文 深圳市沃特新材料股份有限公司 2019 年年度报告 2020 年 04 月 1 深圳市沃特新材料股份有限公司 2019 年年度报告全文 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。 公司负责人吴宪、主管会计工作负责人周泽明及会计机构负责人(会计主管 人员)陈瑜声明：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。 本报告所涉及的发展战略、经营计划等前瞻性陈述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，敬请投资者注意投资风险。 公司经营中会面对宏观形势、行业竞争、原材料价格波动等风险，详细内 容见本报告"第四节 经营情况讨论与分析"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 118,837,250 股为基数， 向全体股东每 10 股派发现金红利 0.8 元（含税），送红股 0 股（含税），不以公 ...

深圳市沃特新材料股份有限公司 2019 年第三季度报告全文 深圳市沃特新材料股份有限公司 2019 年第三季度报告 2019 年 10 月 1 深圳市沃特新材料股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴宪、主管会计工作负责人于虹及会计机构负责人(会计主管人 员)陈瑜声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市沃特新材料股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,223,715,999.99 | 1,065,199,291.58 | | 14.88% | | 归属于上市公司股东的净资产 | 671,80 ...

深圳市沃特新材料股份有限公司 2019 年半年度报告全文 深圳市沃特新材料股份有限公司 2019 年半年度报告 2019 年 08 月 1 深圳市沃特新材料股份有限公司 2019 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。 公司负责人吴宪、主管会计工作负责人于虹及会计机构负责人(会计主管人员)陈瑜声明： 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。 本报告所涉及的发展战略、经营计划等前瞻性陈述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，敬请投资者注意投资风险。 公司经营中会面对宏观形势、行业竞争、原材料价格波动等风险，详细内容见本报告"第 四节 经营情况讨论与分析"相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- ...

证券代码：002886 证券简称：沃特股份 公告编号：2019-086 深圳市沃特新材料股份有限公司 关于参加 2019 年深圳上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，深圳市沃特新材料股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"改革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资 者网上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司董事会秘书张亮先生、会计机构负责人陈瑜先生将通过网络文字交 流形式与投资者进行沟通。 欢迎广大投资者积极参与。 深圳市沃特新材料股份有限公司 董事会 二〇一九年八月三十日 ...

[Important Notice](index=2&type=section&id=Important%20Notice) The company's board, supervisory board, and senior management collectively affirm the truthfulness, accuracy, and completeness of this quarterly report and its financial statements [Core Declarations](index=2&type=section&id=Core%20Declarations) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of the report's content and assume corresponding legal responsibilities - The company's board, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions, and assume joint and several legal liabilities[4](index=4&type=chunk) - Company head Wu Xian, chief accountant Yu Hong, and head of accounting department Chen Yu jointly declare that the financial statements in this quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Company%20Profile) This section provides an overview of the company's key financial performance indicators and detailed shareholder information for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) Q1 2019 saw a slight revenue decrease and a significant net profit decline, yet operating cash flow improved substantially, with non-recurring gains primarily from government subsidies Key Financial Indicators for Q1 2019 | Indicator | Current Period | Prior Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 166,909,048.73 | 170,591,530.92 | -2.16% | | Net Profit Attributable to Shareholders (Yuan) | 5,864,214.95 | 10,027,909.11 | -41.52% | | Net Cash Flow from Operating Activities (Yuan) | -16,424,306.55 | -86,051,628.47 | 80.91% | | Basic Earnings Per Share (Yuan/Share) | 0.05 | 0.13 | -61.54% | | Weighted Average Return on Net Assets | 0.89% | 1.59% | -0.70% | | Total Assets (Yuan) | 1,049,192,459.76 | - | -1.50% (vs. Year-Beginning) | | Net Assets Attributable to Shareholders (Yuan) | 658,703,362.92 | - | 0.90% (vs. Year-Beginning) | Non-Recurring Gains and Losses | Item | Amount from Year-Beginning to End of Reporting Period (Yuan) | | :--- | :--- | | Disposal Gains and Losses of Non-Current Assets | -30,812.52 | | Government Subsidies Included in Current Profit and Loss | 1,613,733.25 | | Less: Income Tax Impact | 237,438.11 | | **Total** | **1,345,482.62** | [Shareholder Information](index=4&type=section&id=Shareholder%20Information) As of Q1 2019, the company had 12,716 common shareholders, with actual control held by Wu Xian and He Zheng, and several top shareholders having pledged shares - At the end of the reporting period, the company had a total of **12,716** common shareholders[11](index=11&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Pledged or Frozen Status | | :--- | :--- | :--- | :--- | :--- | | Wu Xian | Domestic Natural Person | 19.57% | 23,025,000 | - | | Shenzhen Yinqiao Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 18.91% | 22,252,942 | Pledged 9,660,000 | | He Zheng | Domestic Natural Person | 18.07% | 21,260,295 | Pledged 16,170,000 | | Huang Changhua | Domestic Natural Person | 7.32% | 8,607,750 | Pledged 8,430,000 | | Shenzhen Rongqiao Investment Enterprise (Limited Partnership) | Domestic Natural Person | 3.31% | 3,891,200 | - | - The company's actual controllers are Wu Xian and He Zheng, who collectively control the company through direct shareholding and equity in the second largest shareholder, Yinqiao Investment[12](index=12&type=chunk) [Significant Events](index=6&type=section&id=Significant%20Events) This section details the company's key financial data changes, progress on major initiatives, and other relevant matters during the reporting period [Analysis of Changes in Key Financial Data](index=6&type=section&id=Analysis%20of%20Changes%20in%20Key%20Financial%20Data) Significant financial data changes include a 41.03% decrease in monetary funds, a 41.52% decline in net profit, an 80.91% increase in operating cash flow, and a 220.03% decrease in investing cash flow - Monetary funds decreased by **41.03%** from the beginning of the year, primarily due to payments for land and equity acquisitions[15](index=15&type=chunk) - Net profit decreased by **41.52%** year-on-year, primarily due to increased depreciation expenses, financial expenses, and reduced investment income[15](index=15&type=chunk) - Net cash flow from operating activities increased by **80.91%** year-on-year due to improved sales collection; net cash flow from investing activities decreased by **220.03%** year-on-year due to increased payments for land and equity acquisitions[15](index=15&type=chunk) [Progress of Significant Events](index=6&type=section&id=Progress%20of%20Significant%20Events) The company progressed on a joint land bid, completed the acquisition of 51% equity in Zhejiang Deqing Kesai Plastic Products Co., Ltd., and approved the 2019 Restricted Stock Incentive Plan - The company plans to participate in a joint bid and cooperative construction for land parcel T501-0096 in Liuxiandong Second Block, Nanshan District[16](index=16&type=chunk) - The company completed the acquisition of **51%** equity in Zhejiang Deqing Kesai Plastic Products Co., Ltd., which is now a controlled subsidiary and included in consolidated financial statements[16](index=16&type=chunk) - The board of directors approved the "2019 Restricted Stock Incentive Plan (Draft)" and its related proposals[17](index=17&type=chunk) [Other Matters](index=7&type=section&id=Other%20Matters) The company had no overdue commitments, no performance forecasts, no fair value financial assets, no illegal guarantees, no non-operating fund occupation by controlling shareholders, and no investor relations activities during the period - The company had no overdue unfulfilled commitments from actual controllers, shareholders, or related parties during the reporting period[19](index=19&type=chunk) - The company did not provide operating performance forecasts for January-June 2019[20](index=20&type=chunk) - During the reporting period, the company had no illegal external guarantees, no non-operating fund occupation by controlling shareholders, and no investor relations activities[20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) [Financial Statements](index=8&type=section&id=Financial%20Statements) This section presents the company's detailed Q1 2019 consolidated and parent company financial statements, including balance sheets, income statements, and cash flow statements [Financial Statements](index=8&type=section&id=%E4%B8%80%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the company's detailed financial statements for Q1 2019, including consolidated and parent company balance sheets, income statements, and cash flow statements, offering a comprehensive reflection of the company's financial position, operating results, and cash flows [Consolidated Balance Sheet](index=8&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2019, total assets were **1.049 billion yuan**, total liabilities **390 million yuan**, and net assets attributable to shareholders **659 million yuan** Key Consolidated Balance Sheet Data (As of March 31, 2019) | Item | Amount (Yuan) | Change from Year-End | | :--- | :--- | :--- | | Total Assets | 1,049,192,459.76 | -1.50% | | Total Liabilities | 390,489,096.84 | -5.31% | | Total Equity Attributable to Parent Company Owners | 658,703,362.92 | 0.90% | [Parent Company Balance Sheet](index=11&type=section&id=2%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2019, the parent company reported total assets of **1.078 billion yuan**, total liabilities of **411 million yuan**, and total owner's equity of **667 million yuan** Key Parent Company Balance Sheet Data (As of March 31, 2019) | Item | Amount (Yuan) | Change from Year-End | | :--- | :--- | :--- | | Total Assets | 1,077,907,280.07 | 0.77% | | Total Liabilities | 410,707,173.57 | 0.21% | | Total Owner's Equity | 667,200,106.50 | 1.12% | [Consolidated Income Statement](index=14&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) Q1 2019 saw total operating revenue of **167 million yuan** (down **2.16%**), net profit attributable to parent company owners of **5.86 million yuan** (down **41.52%**), and basic EPS of **0.05 yuan** Key Consolidated Income Statement Data (Q1 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 166,909,048.73 | 170,591,530.92 | -2.16% | | Total Profit | 6,206,244.65 | 11,599,176.82 | -46.50% | | Net Profit Attributable to Parent Company Owners | 5,864,214.95 | 10,027,909.11 | -41.52% | | Basic Earnings Per Share (Yuan/Share) | 0.050 | 0.13 | -61.54% | [Parent Company Income Statement](index=16&type=section&id=4%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) Q1 2019 parent company operating revenue was **114 million yuan** (down **11.44%**), with net profit of **7.42 million yuan** (down **37.29%**) Key Parent Company Income Statement Data (Q1 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 114,326,114.83 | 129,091,872.59 | -11.44% | | Total Profit | 8,357,029.17 | 13,628,549.53 | -38.68% | | Net Profit | 7,417,077.58 | 11,828,728.09 | -37.29% | [Consolidated Cash Flow Statement](index=18&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Q1 2019 saw net operating cash flow of **-16.42 million yuan** (significant improvement), net investing cash outflow of **48.77 million yuan**, net financing cash inflow of **20.20 million yuan**, and period-end cash balance of **56.52 million yuan** Key Consolidated Cash Flow Statement Data (Q1 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -16,424,306.55 | -86,051,628.47 | | Net Cash Flow from Investing Activities | -48,768,844.68 | 40,630,519.44 | | Net Cash Flow from Financing Activities | 20,204,217.88 | 31,316,814.68 | | Net Increase in Cash and Cash Equivalents | -45,037,761.14 | -14,556,556.81 | [Parent Company Cash Flow Statement](index=20&type=section&id=6%E3%80%81%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Q1 2019 parent company net operating cash flow was **1.34 million yuan** (positive), net investing cash outflow **47.30 million yuan**, net financing cash inflow **20.64 million yuan**, and period-end cash balance **34.97 million yuan** Key Parent Company Cash Flow Statement Data (Q1 2019) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1,343,251.67 | -52,571,684.37 | | Net Cash Flow from Investing Activities | -47,301,776.10 | -3,433,746.97 | | Net Cash Flow from Financing Activities | 20,643,334.44 | 41,343,971.14 | | Net Increase in Cash and Cash Equivalents | -25,323,478.33 | -14,661,460.20 | [Notes on Financial Statement Adjustments](index=22&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company adopted new financial instrument accounting standards effective January 1, 2019, with no adjustment impact on opening financial statement balances - The company began implementing new accounting standards for financial instruments effective **January 1, 2019**[57](index=57&type=chunk) - The initial adoption of new standards did not result in adjustments to the company's consolidated and parent company balance sheet items as of **January 1, 2019**[53](index=53&type=chunk)[56](index=56&type=chunk) [Audit Report](index=25&type=section&id=%E4%B8%89%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's Q1 2019 report remains unaudited - This quarterly report is unaudited[58](index=58&type=chunk)

深圳市沃特新材料股份有限公司 2018 年年度报告全文 深圳市沃特新材料股份有限公司 2018 年年度报告 2019 年 04 月 1 深圳市沃特新材料股份有限公司 2018 年年度报告全文 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。 公司负责人吴宪、主管会计工作负责人于虹及会计机构负责人(会计主管人员)陈瑜声明： 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。 本报告所涉及的发展战略、经营计划等前瞻性陈述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，敬请投资者注意投资风险。 公司经营中会面对宏观形势、行业竞争、原材料价格波动等风险，详细内容见本报告"第 四节 经营情况讨论与分析"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 117,647,250 股为基数，向全体股东每 10 股派发现金红利 0.60 元（含税），送红股 0 股（含税），不以公积金转 ...

[Company Profile and Financial Summary](index=3&type=section&id=Section%20II.%20Company%20Profile) [Key Financial Indicators](index=3&type=section&id=II.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company experienced a Q3 2018 revenue decline of 22.57% and net profit decrease of 41.38%, while year-to-date revenue grew 6.10% to 552.34 million yuan, but net profit fell 14.27% to 23.31 million yuan, with non-recurring items significantly influencing results Key Financial Indicators | Indicator | Current Period (Q3) | Year-to-Date (YTD) | YOY Change (YTD) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 180,141,894.22 | 552,339,894.61 | 6.10% | | Net Profit Attributable to Shareholders (RMB) | 5,554,944.82 | 23,310,268.10 | -14.27% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 1,953,357.08 | 15,272,398.19 | -40.68% | | Net Cash Flow from Operating Activities (RMB) | 17,484,157.66 | -124,923,080.27 | -46.97% | | Basic Earnings Per Share (RMB/share) | 0.05 | 0.20 | -42.86% | | Total Assets (RMB) | 984,460,207.00 | 984,460,207.00 | 0.28% (vs. prior year-end) | | Net Assets Attributable to Shareholders (RMB) | 641,094,289.61 | 641,094,289.61 | 2.35% (vs. prior year-end) | Non-recurring Gains and Losses (Year-to-Date) | Non-recurring Gains and Losses (Year-to-Date) | Amount (RMB) | | :--- | :--- | | Government Grants | 3,998,997.34 | | Fair Value Changes of Financial Assets/Liabilities and Investment Income | 5,549,666.66 | | Other Non-operating Income/Expenses | -92,346.46 | | **Total** | **8,037,869.91** | [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period-End) As of the period-end, the company had 12,896 common shareholders; actual controllers Wu Xian and He Zheng, along with their controlled Shenzhen Yinqiao Investment Co., Ltd., collectively held over 56% of shares, with He Zheng and Huang Changhua having pledged shares among the top ten shareholders - At the end of the reporting period, the company had **12,896** common shareholders[12](index=12&type=chunk) - The company's actual controllers are Wu Xian and He Zheng, acting in concert, who collectively control the company directly and indirectly through Shenzhen Yinqiao Investment Co., Ltd[13](index=13&type=chunk) Top Five Shareholders | Top Five Shareholders | Shareholding Percentage | Share Nature | Pledged Shares | | :--- | :--- | :--- | :--- | | Wu Xian | 19.57% | Domestic Natural Person | - | | Shenzhen Yinqiao Investment Co., Ltd. | 18.91% | Domestic Non-State-Owned Legal Person | - | | He Zheng | 18.07% | Domestic Natural Person | 16,170,000 | | Huang Changhua | 9.88% | Domestic Natural Person | 8,430,000 | | Shenzhen Rongqiao Investment Enterprise (Limited Partnership) | 3.32% | Domestic Non-State-Owned Legal Person | - | [Significant Matters](index=6&type=section&id=Section%20III.%20Significant%20Matters) [Analysis of Major Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Major%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) Significant changes in financial indicators include increased notes receivable and inventory, a 50% rise in share capital, and a net profit decline due to lower gross margin and higher financial expenses, with operating cash flow impacted by bill collection and raw material reserves - Inventory balance at period-end increased by **52.23%** compared to the prior year-end, primarily due to raw material reserves for increased orders[16](index=16&type=chunk) - Financial expenses significantly increased by **231.94%** year-over-year, mainly due to higher loan interest expenses and exchange losses[16](index=16&type=chunk) - Net profit decreased by **14.27%** year-over-year, primarily attributed to a decline in gross margin and increased financial expenses[17](index=17&type=chunk) - Net cash flow from operating activities decreased by **46.97%** year-over-year, mainly due to a higher proportion of accepted bills in receivables collection and raw material reserves for increased sales[17](index=17&type=chunk) [2018 Annual Performance Forecast](index=6&type=section&id=IV.%20Forecast%20of%202018%20Annual%20Operating%20Performance) The company forecasts 2018 full-year net profit attributable to shareholders to be between 33 million and 43 million yuan, a change of -18.24% to 6.54% compared to 40.36 million yuan in 2017, primarily due to rising raw material prices and exchange rate fluctuations 2018 Annual Performance Forecast | Item | Content | | :--- | :--- | | 2018 Annual Net Profit Attributable to Shareholders Forecast Range | RMB 33 million - RMB 43 million | | Year-over-Year Change | -18.24% to 6.54% | | 2017 Annual Net Profit Attributable to Shareholders | RMB 40.36 million | | Reasons for Performance Fluctuation | Rising raw material prices and exchange rate fluctuations | [Wealth Management Activities](index=7&type=section&id=VIII.%20Wealth%20Management) During the reporting period, the company invested raised funds in bank wealth management products, with a cumulative transaction amount of 80 million yuan and an outstanding balance of 70 million yuan at period-end, with no overdue or impairment-risk situations reported Wealth Management Details | Item | Amount (RMB million) | | :--- | :--- | | Source of Funds | Raised Funds | | Cumulative Wealth Management Transactions | 80 | | Outstanding Balance | 70 | | Overdue Unrecovered Amount | 0 |

Financial Performance - The company's operating revenue for the first half of 2018 was approximately CNY 372.20 million, representing a year-on-year increase of 29.28% compared to CNY 287.90 million in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 17.82 million, a slight increase of 0.58% from CNY 17.72 million in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 19.27% to CNY 13.37 million from CNY 16.56 million in the same period last year[18]. - Basic earnings per share decreased by 34.78% to CNY 0.15 from CNY 0.23 in the same period last year[18]. - The company achieved operating revenue of ¥372,198,000.39, representing a year-on-year growth of 29.28%[35]. - Net profit reached ¥17,818,680.85, showing a slight increase of 0.58% compared to the same period last year[35]. - The gross profit margin for the new materials industry decreased by 3.58% to 17.32% compared to the previous year[42]. - The company reported a total comprehensive income of CNY 17.83 million for the first half of 2018, compared to CNY 17.71 million in the previous year, marking a slight increase of 0.7%[146]. - Operating profit for the first half of 2018 was CNY 19.94 million, compared to CNY 18.55 million in the same period of 2017, an increase of about 7.5%[145]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -142.41 million, a decline of 194.06% compared to CNY -48.43 million in the previous year[18]. - The total cash flow from operating activities was CNY 259.13 million, compared to CNY 296.79 million in the previous period, reflecting a decrease of about 12.7%[152]. - The company experienced a net decrease in cash and cash equivalents of -107,307,586.52 CNY during the reporting period[154]. - The total cash and cash equivalents at the end of the period was 33,351,340.90 CNY, down from 271,059,478.50 CNY in the previous period[154]. - The company's cash and cash equivalents decreased by 27.45% to CNY 42,938,340.90, down from CNY 283,732,829.96, due to the use of raised funds[45]. - The total liabilities increased to CNY 373.37 million from CNY 355.33 million, an increase of 5.1%[137]. - The total assets of the company at the end of the current period were CNY 1,000,000,000[162]. - The company reported a total asset increase to CNY 1.01 billion from CNY 981.71 million, a growth of 2.5%[138]. Investments and R&D - The company has expanded its business scope to include new types of engineering plastics and high-performance composite materials[18]. - Research and development expenses rose by 7.90% to CNY 14,610,818.29, compared to CNY 13,541,176.15 in the previous year[38]. - The company has developed multiple grades of low dielectric loss LCP materials for high-frequency signal transmission, approved by Foxconn's system[35]. - The construction of a 3000-ton LCP production line supports the development of various LCP materials for applications in 5G and precision electronics[29]. - The company aims to enhance its research and development capabilities to drive innovation and growth[163]. Shareholder and Equity Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has committed to not transferring or entrusting the management of its shares for a period of 36 months from the date of its initial public offering[74]. - The company reported that the lock-up period for certain shareholders will last for 12 months after the IPO, during which they cannot transfer their shares[75]. - The company has established a policy that any share reduction after the lock-up period must not exceed 50% of the total shares held[75]. - The company will ensure compliance with relevant laws and regulations regarding share repurchases and disclosures[79]. Risks and Challenges - The company faces risks related to core technology leakage and the loss of key technical personnel, which could impact its competitive advantage in the new materials industry[63]. - The demand for modified plastics is closely tied to the economic conditions of downstream industries, particularly in home appliances and automotive sectors[63]. - The expected net profit for the first three quarters of 2018 is projected to be between CNY 23 million and CNY 29 million, reflecting a year-on-year change of -15.41% to 6.65%[62]. Corporate Governance and Compliance - The company's semi-annual report for 2018 has not been audited[85]. - There are no significant litigation or arbitration matters during the reporting period[87]. - The company has not experienced any penalties or rectification situations during the reporting period[88]. - The company has not reported any major non-raised fund investment projects during the reporting period[57]. Market and Sales Performance - The company reported a significant increase in foreign sales revenue, which grew by 84.71% to CNY 56,915,473.16, driven by new customer acquisitions in the overseas home appliance sector[43]. - The company is experiencing rapid revenue growth, with increasing sales to core customers, but faces risks related to accounts receivable collection[4]. - The company plans to expand its market presence and invest in new product development in the upcoming quarters[163]. Asset Management - The company has ongoing investments in fixed assets totaling CNY 208.03 million, up from CNY 160.65 million, a 29.4% increase[136]. - The company’s total equity at the end of the reporting period was CNY 589,960.50 million, an increase from CNY 624,557.20 million at the end of the previous period[167]. - The company has a total of 4 subsidiaries included in the consolidated financial statements as of June 30, 2018[174].

深圳市沃特新材料股份有限公司 2018 年第一季度报告全文 深圳市沃特新材料股份有限公司 2018 年第一季度报告 2018 年 4 月 1 深圳市沃特新材料股份有限公司 2018 年第一季度报告全文 第一节 重要提示 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 170,591,530.92 | 138,842,676.69 | 22.87% | | 归属于上市公司股东的净利润（元） | 10,027,909.11 | 8,842,858.03 | 13.40% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 6,676,455.02 | 8,615,978.03 | -22.51% | | 经营活动产生的现金流量净额（元） | -86,051,628.47 | -57,272,474.29 | -50.25% | | 基本每股收益（元/股） | 0.13 | 0.15 | -13.33% | | 稀释每股收益（元/股） | 0.13 | 0.15 | -13.33% | | 加权平均净资产收益率 ...

Financial Performance - The company's operating revenue for 2017 was approximately ¥764.93 million, representing a year-on-year increase of 21.24% compared to ¥630.95 million in 2016[16]. - The net profit attributable to shareholders for 2017 was approximately ¥40.36 million, a decrease of 26.83% from ¥55.16 million in 2016[16]. - The net cash flow from operating activities for 2017 was negative at approximately -¥83.38 million, a decline of 303.14% compared to ¥41.05 million in 2016[16]. - The basic earnings per share for 2017 was ¥0.59, down 37.23% from ¥0.94 in 2016[16]. - The total assets at the end of 2017 were approximately ¥981.71 million, an increase of 50.79% from ¥651.05 million at the end of 2016[16]. - The net assets attributable to shareholders at the end of 2017 were approximately ¥626.37 million, up 75.69% from ¥356.53 million at the end of 2016[16]. - The weighted average return on equity for 2017 was 8.21%, down from 16.77% in 2016, indicating a decline in profitability[16]. - The company's gross profit margin for the new materials industry was 18.35%, a decrease of 1.37% compared to the previous year[49]. - The company achieved a total operating revenue of ¥764,928,831.03 in 2017, representing a year-on-year increase of 21.24% compared to ¥630,945,493.89 in 2016[46]. Dividend Distribution - The company plans to distribute a cash dividend of ¥1.10 per 10 shares to all shareholders, with no bonus shares issued[5]. - The company plans to distribute a cash dividend of RMB 1.10 per 10 shares, totaling RMB 8,627,465, which represents 21.38% of the net profit attributable to ordinary shareholders for 2017[84]. - The company has not distributed dividends in 2015 and 2016, marking 2017 as the first year of cash dividend distribution since its IPO[86]. Market and Industry Trends - The new materials industry showed a positive development trend in 2017, with a 53.3% year-on-year increase in sales of new energy vehicles in China[26]. - The company aims to achieve a 150% increase in sales of new energy vehicles by 2020, targeting 2 million units sold, compared to nearly 800,000 units in 2017[73]. - The company forecasts that the high polymer materials industry will maintain stable growth, driven by advancements in technology and increasing environmental awareness[72]. - The global 5G service revenue is expected to exceed $65 billion by 2025, creating significant demand for non-metal materials in 5G devices[73]. Research and Development - The company established new high-performance polyamide and elastomer divisions in 2017 to enhance its product offerings[26]. - The company is developing new materials for 5G applications, lightweight automotive materials, and precision electronic components[55]. - The company plans to strengthen R&D in special high-performance polymer materials, focusing on LCP and high-performance polyamide, to meet market demands[74]. - The company is investing 200 million RMB in R&D to advance its technology and improve product quality over the next three years[92]. - Research and development (R&D) investment increased by 12.59% to ¥31,094,486.07, with R&D personnel rising by 52.50% to 61[57]. Operational Challenges - The company has faced risks related to macroeconomic conditions, industry competition, and fluctuations in raw material prices[5]. - The net cash flow from operating activities for Q1 2017 was negative at CNY -57,272,474.29, indicating challenges in cash generation[20]. - Operating cash flow decreased by 303.14% to -¥83,378,497.48, primarily due to increased accounts receivable and inventory[58]. - The company recognizes the risk of increased depreciation and amortization from ongoing fundraising projects, which may impact profit margins[78]. Share Capital and Ownership - The total share capital of Shenzhen Water New Materials Co., Ltd. as of the last trading day before disclosure is 78,431,500 shares[17]. - The company will increase its total share capital by 39,215,750 shares through a capital reserve transfer, resulting in a new total of 117,647,250 shares[87]. - The company has a shareholding limit of 50% for indirect holdings through Rongqiao Investment during the lock-up period[94]. - The actual controllers of Shenzhen Water New Materials Co., Ltd. are Wu Xian and He Zheng, both Chinese nationals, with Wu serving as the chairman and He as the general manager[163]. Corporate Governance - The company has a strong governance structure with independent directors and a diverse board composition[173]. - The independent directors attended 12 board meetings and 4 shareholder meetings during the reporting period, with no objections raised against company matters[193][195]. - The audit committee reviewed the company's periodic reports and internal control self-assessment reports, ensuring compliance with regulations[197]. - The company maintains independence in business, personnel, assets, institutions, and finance, ensuring a complete and independent operational system[188]. Social Responsibility and Sustainability - The company has committed CNY 10 million towards ecological protection and construction as part of its poverty alleviation efforts[146]. - The company actively participates in the development of environmentally friendly engineering plastics, contributing to the renewable energy and water treatment sectors[141]. - The company has established a scholarship program for impoverished students and plans to provide job training for workers from poor regions[147]. - The company has received multiple awards for its social responsibility efforts, including being recognized as an A-level taxpayer[140]. Employee Management - The company employed a total of 398 staff, with 250 in production, 28 in sales, 61 in technical roles, 19 in finance, and 40 in administration[181]. - The company has established a comprehensive employee training system, including onboarding, skills training, and inter-departmental training, to enhance employee integration and growth[183]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 283.33 million[179]. Financial Auditing and Compliance - The company has engaged Ruihua Certified Public Accountants for auditing services, with a fee of 550,000 RMB[128]. - There were no significant accounting errors that required restatement of previous financial reports[128]. - The company has not faced any situations that could lead to suspension or termination of its stock listing[129].