Financial Performance - The company's operating revenue for 2021 was CNY 5,599,511,474.75, representing a 62.91% increase compared to CNY 3,437,139,446.60 in 2020[6]. - The net profit attributable to shareholders for 2021 was CNY 139,148,792.84, a 20.03% increase from CNY 115,928,181.30 in 2020[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 128,186,461.59, up 58.86% from CNY 80,691,034.06 in 2020[6]. - The basic earnings per share for 2021 was CNY 0.5978, reflecting a 7.52% increase from CNY 0.5560 in 2020[6]. - The total assets at the end of 2021 amounted to CNY 5,033,289,843.90, a 25.41% increase from CNY 4,013,614,714.62 at the end of 2020[6]. - The net cash flow from operating activities for 2021 was negative CNY 332,823,647.88, a significant decrease of 1,741.24% compared to CNY 20,278,775.89 in 2020[6]. - The company achieved a sales revenue of 5.6 billion yuan in 2021, representing a year-on-year growth of 62.91%[54]. - The net profit attributable to the parent company was 139 million yuan, an increase of 20.03% year-on-year, while the net profit excluding non-recurring gains and losses was 128 million yuan, up 58.86%[54]. - The company's aluminum profile production reached 250,000 tons, a year-on-year increase of 44.92%, with sales volume at 246,600 tons, growing by 41.78%[54]. Market and Industry Trends - The company operates in a growing aluminum profile market, with China's urbanization rate at 64.72% in 2021, driving demand for both new construction and renovation projects[30]. - The industrial aluminum profile sector is expected to grow, supported by national policies promoting lightweight materials in transportation and machinery[31]. - The total production of aluminum profiles in China reached approximately 20.59 million tons in 2021, with a 67.02% share from construction aluminum profiles[29]. - The automotive lightweight market is expected to grow significantly, with demand for aluminum extrusion materials increasing by over 100% due to the rise of electric vehicles[101]. - The penetration rate of system windows in the domestic market is currently only 2%-5%, compared to over 70% in Europe, indicating significant growth potential in the domestic market[44]. Research and Development - The company invested 192 million yuan in R&D, a 58.74% increase, accounting for 3.43% of total revenue[57]. - The company has established a global leading technology application center for system windows, contributing to the development of national standards and holding 33 invention patents and 253 utility model patents[48]. - The company has developed high-performance aluminum alloys and related technologies, achieving international advanced or domestic leading levels in the production of automotive-grade 7-series aluminum extrusions[48]. - The company has a professional R&D team and multiple research platforms, enhancing its capabilities in aluminum processing and lightweight automotive materials[47]. - The company has nearly 700 patents, including 33 invention patents, reflecting its commitment to innovation and technology advancement[57]. Corporate Governance - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a robust independent business capability[118]. - The company has established a mechanism for accountability regarding major errors in information disclosure, enhancing the quality and transparency of annual report disclosures[116]. - The company has a clear management structure, with the general manager and senior management fulfilling their duties in accordance with the company's regulations[116]. - The company actively engages with investors through various channels, including visits, consultations, and online interactions, to enhance investor recognition and understanding[116]. - The company has established independent labor, personnel, and salary management systems, ensuring no overlap with the controlling shareholder's enterprises[118]. Environmental Responsibility - The company has established wastewater and air pollution treatment facilities to ensure compliance with environmental standards[166]. - The total wastewater discharge was reported at 1,179,600 tons per year, with specific pollutant concentrations meeting regulatory requirements[166]. - The company has implemented measures to reduce carbon emissions, including the use of recycled aluminum, and has conducted carbon footprint verification[170]. - The company has committed to environmental protection as a fundamental requirement for sustainable development[173]. - The company has not faced any significant environmental pollution incidents or penalties during the reporting period[173]. Employee and Talent Management - The total number of employees at the end of the reporting period was 3,910, with 1,874 in the parent company and 2,036 in major subsidiaries[145]. - The professional composition includes 2,696 production personnel, 260 sales personnel, 422 technical personnel, 81 financial personnel, and 451 administrative personnel[145]. - The company's compensation policy is closely related to achieving business goals, combining fixed and variable salaries[146]. - The training plan focuses on enhancing job skills, building a solid training system, and developing a talent pipeline[147]. - The company aims to improve the skills of key process personnel to meet the needs of a skilled workforce[147]. Profit Distribution - The company distributed a cash dividend of RMB 2.20 per 10 shares, totaling RMB 51,209,400, which represents 100% of the total profit distribution[157]. - The company’s cash dividend policy requires a minimum of 20% of the distributable profit to be distributed as cash dividends when there are significant capital expenditure plans[151]. - The company’s cumulative cash dividends over the last three years must not be less than 30% of the average annual distributable profit[149]. - The company has established a profit distribution policy that emphasizes reasonable returns to investors while ensuring sustainable development[150]. - The company’s profit distribution plan must be approved by at least two-thirds of the voting rights at the shareholders' meeting[152]. Financial Management - The company has a dedicated financial department to safeguard the interests of both shareholders and creditors[171]. - The company’s internal control system is designed to ensure compliance with laws and regulations, asset security, and the integrity of financial reporting[159]. - The company has not identified any significant internal control deficiencies during the reporting period[160]. - The company reported a total asset amount of 100% included in the evaluation scope, indicating comprehensive coverage of its financial statements[163]. - The company has established a sound quality control system to maximize customer satisfaction and protect customer rights[172].

广东豪美新材股份有限公司 2021 年第三季度报告 证券代码：002988 证券简称：豪美新材 公告编号：2021-046 广东豪美新材股份有限公司 2021 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。 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 1,606,503,969.68 | 64.38% | 4,025,338,510.94 | 71.29% | | 归属于上市公司股东的 净利润（元） | 42,407,538.15 | 221.78% | 104,064,252.0 ...

Financial Performance - The company's operating revenue for the first half of 2021 was ¥2,418,834,541.26, representing a 76.21% increase compared to ¥1,372,670,779.40 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥61,656,713.92, up 28.07% from ¥48,141,100.98 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,677,391.51, an increase of 27.83% compared to ¥43,556,525.19 in the same period last year[18]. - The basic earnings per share for the reporting period was ¥0.2649, reflecting a 28.09% increase from ¥0.2068 in the previous year[18]. - The total revenue for the reporting period reached ¥2,418,834,541.26, a 76.21% increase compared to ¥1,372,670,779.40 in the same period last year[54]. - The company achieved a sales revenue of 2.42 billion yuan in the first half of 2021, representing a year-on-year increase of 76.21%[48]. - The net profit attributable to the parent company was 61.66 million yuan, up 28.07% compared to the same period last year[48]. - The aluminum profile production volume reached 119,400 tons, a 63.8% increase year-on-year, while sales volume was 116,400 tons, up 62.3%[49]. - The sales revenue from the energy-saving system window business was approximately 130 million yuan, growing by 28.17%, with retail sales increasing by 108% to about 36.67 million yuan[49]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,508,541,941.00, a 12.33% increase from ¥4,013,614,714.62 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥2,151,794,740.37, showing a slight increase of 1.45% from ¥2,121,022,684.85 at the end of the previous year[18]. - The company's accounts receivable increased to ¥1,159,750,348, accounting for 25.72% of total assets, reflecting higher sales volume[61]. - Fixed assets increased to ¥1,362,660,485, representing 30.22% of total assets, due to the completion of several investment projects[61]. - Total liabilities increased to ¥2,356,823,084.36 from ¥1,892,191,945.52, reflecting a growth of about 24.5%[144]. - Total current assets increased to ¥2,746,735,642.57 as of June 30, 2021, up from ¥2,467,362,691.89 at the end of 2020, representing a growth of approximately 11.3%[143]. Cash Flow - The net cash flow from operating activities was negative at -¥359,047,776.57, worsening by 227.88% compared to -¥109,504,307.39 in the same period last year[18]. - The company's cash flow from operating activities showed a net outflow of CNY -359,047,776.57, worsening from CNY -109,504,307.39 in the previous year[161]. - The cash and cash equivalents decreased to ¥438,469,889.69 from ¥789,360,045.66, a decline of about 44.4%[142]. - The financing activities generated a net cash inflow of CNY 332,538,609.14, a decrease from CNY 722,510,598.88 in the same period last year[161]. - The net cash flow from financing activities was 281,898,044.20 CNY, compared to 677,737,496.11 CNY in the previous period, indicating a significant reduction in financing activities[164]. Market and Industry Insights - The company aims to increase product development efforts to capitalize on the growth of the new energy vehicle market[27]. - The automotive industry is focusing on lightweight products to reduce carbon emissions, with a 10% weight reduction leading to a 6%-8% decrease in fuel consumption[39]. - The annual growth rate of China's new energy vehicle production from 2016 to 2020 was 33.75%, with projections indicating that new energy vehicles will account for about 40% of total vehicle sales by 2030[40]. - National policies are promoting the development of aluminum alloy materials, particularly in high-end manufacturing sectors[33]. - The urbanization rate in China reached 60% since 2019, with an average annual growth rate of about 1%, driving stable growth in the aluminum profile market due to new construction and renovation demands[35]. Research and Development - The company invested 80.82 million yuan in R&D, a 65.4% increase year-on-year, accounting for 3.31% of total revenue[53]. - The company has established a comprehensive R&D platform with various national and provincial recognitions, focusing on high-performance aluminum alloys and system window technologies[41]. - The company has developed a complete aluminum-based new material industry chain, from smelting to deep processing, and has multiple patents and core technologies in alloy development and extrusion technology[34]. Risks and Challenges - The company faces various risks including market risk, raw material price fluctuations, high accounts receivable, and exchange rate fluctuations[4]. - The company faces risks from raw material price fluctuations, with direct material costs exceeding 80% of total costs, primarily driven by aluminum ingot prices[72]. - The company reported accounts receivable of 1.23 billion yuan, representing 25.25% of operating revenue, indicating potential cash flow risks if major clients face financial difficulties[73]. Corporate Governance and Compliance - The company maintains a strong governance structure to protect the rights of shareholders and creditors, ensuring fair access to information[86]. - The company has not reported any significant changes in its accounting estimates that would affect its financial position[183]. - The company's financial statements comply with the requirements of the enterprise accounting standards, ensuring transparency and accuracy in financial reporting[184]. Environmental and Social Responsibility - The company emphasizes environmental protection as a core aspect of its sustainable development strategy, integrating energy conservation and emission reduction into its operations[88]. - The company has established a complete environmental monitoring plan and engages qualified third-party testing agencies to ensure compliance with discharge standards[84]. - The company actively engages in social responsibility initiatives, including donations and employment assistance in targeted poverty alleviation areas[88].

Financial Performance - The company's revenue for Q1 2021 was ¥986,983,830.79, representing an increase of 89.87% compared to ¥519,833,499.16 in the same period last year[7]. - Net profit attributable to shareholders was ¥25,856,744.42, up 62.15% from ¥15,945,882.73 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥23,262,825.75, reflecting a 64.35% increase from ¥14,154,750.40 in the previous year[7]. - The basic earnings per share increased by 21.55% to ¥0.1111 from ¥0.0914 in the same period last year[7]. - The company's operating revenue for Q1 2021 reached ¥986,983,830.79, representing an increase of 89.87% compared to ¥519,833,499.16 in Q1 2020[16]. - The net profit attributable to the parent company for Q1 2021 was ¥25,856,744.42, a growth of 62.15% from ¥15,945,882.73 in the same period last year[16]. - Net profit for the period was CNY 25,771,565.96, up from CNY 15,945,882.73, reflecting a growth of approximately 61.5%[42]. - Operating profit for the period was CNY 26,140,475.99, up from CNY 15,584,921.41, reflecting a growth of 67.0%[42]. - The total comprehensive income for the first quarter of 2021 was ¥22,813,992.34, compared to ¥20,036,915.53 in the same period last year, representing an increase of approximately 13.9%[47]. Cash Flow - The net cash flow from operating activities was negative at -¥425,716,117.65, worsening by 202.75% compared to -¥140,617,207.20 in the same period last year[7]. - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥425,716,117.65, compared to an outflow of ¥140,617,207.20 in Q1 2020, marking a decrease of 202.75%[17]. - Cash inflow from operating activities was ¥783,552,746.71, significantly up from ¥488,123,632.05, marking an increase of approximately 60.5%[49]. - Cash outflow from operating activities totaled ¥1,209,268,864.36, compared to ¥628,740,839.25 in the previous year, indicating an increase of about 92.2%[50]. - Cash inflow from investment activities was ¥152,739,777.79, up from ¥50,000,000.00, representing a growth of 205.5%[50]. - Cash outflow from investment activities increased to ¥276,742,110.82 from ¥112,355,995.61, a rise of approximately 146.2%[50]. - The net cash flow from financing activities improved to ¥174,485,759.63 from ¥15,608,282.25, showing a significant increase of about 1006.2%[51]. - The ending balance of cash and cash equivalents was ¥405,358,568.77, down from ¥177,995,360.41, reflecting a decrease of approximately 127.7%[51]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,112,773,715.50, a 2.47% increase from ¥4,013,614,714.62 at the end of the previous year[7]. - Current assets totaled approximately CNY 2.48 billion as of March 31, 2021, slightly up from CNY 2.47 billion at the end of 2020, indicating a marginal increase of 0.36%[32]. - Total liabilities increased from CNY 1.89 billion to CNY 1.99 billion, reflecting a rise of 5.8%[34]. - Total liabilities rose to CNY 1,591,878,922.67 from CNY 1,349,185,047.75, indicating a growth of approximately 18.0%[41]. - The company's total equity decreased from CNY 2.12 billion to CNY 2.11 billion, a decline of 0.3%[35]. - The company's total equity decreased slightly to CNY 2,060,960,272.53 from CNY 2,068,697,692.39, a decline of about 0.4%[41]. Investments and Expenses - Research and development expenses increased by 67.08% to ¥33,353,635.49, reflecting the company's commitment to innovation[16]. - Research and development expenses were CNY 33,353,635.49, compared to CNY 19,962,392.14 in the previous year, showing a 67.0% increase[41]. - The company plans to invest ¥800,571,000 in various projects, including ¥754,547,000 for aluminum alloy new material construction and ¥460,240 for R&D center construction in Q1 2021[23]. - The total cash flow from investment activities was a net outflow of ¥124,002,333.03, which is an increase of 98.86% from ¥62,355,995.61 in the previous year[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,621[11]. - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period[26][27]. Other Financial Metrics - The weighted average return on equity was 1.22%, slightly up from 1.12% in the previous year[7]. - The company received government subsidies amounting to ¥2,548,273.75 related to industrial development and technological innovation[8]. - The company reported a decrease in employee compensation payable from CNY 33.84 million to CNY 24.31 million, a reduction of 28.3%[34]. - The company’s other payables increased from CNY 26.28 million to CNY 52.84 million, a rise of 100.0%[34]. - The company has been affected by the EU's anti-dumping duties on aluminum profiles, with a tax rate of 21.2% applicable to its subsidiary[18]. - The company has a significant contract with Aikesen (Shanghai) Enterprise Management Co., Ltd. for the procurement of 120,000 tons of aluminum ingots, estimated at approximately ¥1.8 billion[24].

Financial Performance - The company's operating revenue for 2020 was CNY 3,437,139,446.60, representing a 15.82% increase compared to CNY 2,967,748,524.26 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 115,928,181.30, a decrease of 30.73% from CNY 167,364,507.10 in 2019[18]. - The net cash flow from operating activities was CNY 20,278,775.89, down 85.23% from CNY 137,265,331.09 in the previous year[18]. - The basic earnings per share for 2020 was CNY 0.560, a decline of 41.67% compared to CNY 0.960 in 2019[18]. - Total assets at the end of 2020 reached CNY 4,013,614,714.62, an increase of 37.06% from CNY 2,928,288,939.42 at the end of 2019[19]. - The net assets attributable to shareholders increased by 49.59% to CNY 2,121,022,684.85 from CNY 1,417,855,506.24 in 2019[19]. - The company reported a weighted average return on equity of 6.37% for 2020, down from 12.55% in 2019[18]. - The net profit after deducting non-recurring gains and losses was CNY 80,691,034.06, a decrease of 27.17% from CNY 110,792,952.47 in 2019[18]. - The company reported a total of 36,115,997.68 CNY in government subsidies for 2020, significantly higher than the 16,838,851.63 CNY received in 2019, showcasing increased support for business operations[23]. Operational Efficiency - The company's total revenue for Q4 reached 1,087,141,160.06 CNY, marking a significant increase from Q1's revenue of 519,833,499.16 CNY, representing a growth of approximately 109.5%[22]. - The net profit attributable to shareholders for Q4 was 54,608,115.39 CNY, a substantial increase compared to Q1's net profit of 15,945,882.73 CNY, reflecting a growth of about 242.5%[22]. - The net cash flow from operating activities turned positive in Q4 at 20,278,775.89 CNY, after negative cash flows in the first three quarters, indicating improved operational efficiency[22]. Market Position and Strategy - The company has established itself as a leading manufacturer in the aluminum profile industry, focusing on high-end industrial materials and automotive lightweight aluminum materials, serving over 120 models for major automotive brands[28]. - The company aims to enhance its product development capabilities to capitalize on the growing demand in the new energy vehicle sector, indicating a strategic focus on innovation and market expansion[28]. - The company has adopted a direct sales model for its aluminum profiles, complemented by a distribution model, which allows for better market penetration and customer engagement[30]. - The company has successfully transformed from a traditional aluminum products manufacturer to a high-tech enterprise, recognized as a national key high-tech enterprise, enhancing its brand value and market position[27]. - The company has a complete aluminum-based new materials industry chain, from smelting to deep processing, ensuring quality control and operational efficiency[27]. Research and Development - Research and development expenses amounted to 121 million yuan, a year-on-year increase of 28.80%, accounting for 3.52% of operating revenue[47]. - The company has over 600 patents, including 25 invention patents and 245 utility model patents[47]. - The company has developed high-performance aluminum alloys for automotive applications, achieving international advanced or domestic leading levels in core technologies[37]. - The company has established a comprehensive service platform for lightweight aluminum materials, focusing on automotive lightweighting solutions[37]. - The company intends to strengthen its R&D capabilities by increasing investment and attracting technical talent[92]. Social Responsibility - The company actively fulfills social responsibilities and engages in community support initiatives[148]. - The company has implemented a robust employee rights protection system, ensuring timely salary payments and social security contributions[147]. - In 2020, the company donated a total of 1.8788 million yuan to poverty alleviation efforts and 188,500 yuan to employees facing significant hardships due to illness or accidents[149]. - The company actively participated in the "Hundred Enterprises Help Hundred Villages" initiative, donating 1.8 million yuan in June 2020, benefiting 14 poverty alleviation points[151]. - The total amount allocated for poverty alleviation efforts in 2020 reached 2.0673 million yuan[152]. Governance and Compliance - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and creditors[146]. - The company has no outstanding commitments or non-operating fund occupation issues from controlling shareholders or related parties during the reporting period[114]. - The company has not engaged in any significant related party transactions during the reporting period[124]. - The company has no major litigation or arbitration matters that could significantly impact its financial position, with amounts involved being 718.67 thousand CNY and 3,072.71 thousand CNY for ongoing cases[121]. - The company has implemented measures to mitigate risks from trade frictions, including legal defenses against EU anti-dumping duties[98]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[187]. - The company plans to expand production scale in automotive lightweighting, 5G, ultra-high voltage, and green building sectors through IPO and convertible bond projects[93]. - The company aims to enhance its core competitiveness by increasing R&D investment in energy-saving windows, lightweight transportation, and high-end aluminum alloy materials[93]. - The company recognizes the growing demand for system windows in the domestic market, which currently holds only 5% market share compared to 70% in Europe[90]. - The company anticipates steady growth in the domestic aluminum alloy extrusion market driven by the automotive industry's shift towards lightweight materials[91].

Financial Performance - The company's operating revenue for 2020 was CNY 3,437,139,446.60, representing a 15.82% increase compared to CNY 2,967,748,524.26 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 115,928,181.30, a decrease of 30.73% from CNY 167,364,507.10 in 2019[16] - The net profit after deducting non-recurring gains and losses was CNY 80,691,034.06, down 27.17% from CNY 110,792,952.47 in the previous year[16] - The net cash flow from operating activities was CNY 20,278,775.89, a significant decline of 85.23% compared to CNY 137,265,331.09 in 2019[16] - Basic earnings per share decreased by 41.67% to CNY 0.560 from CNY 0.960 in 2019[16] - The weighted average return on equity decreased to 6.37% from 12.55% in the previous year, reflecting a decline of 6.18%[16] - The gross profit margin for aluminum profile sales was 12.74%, showing a slight decrease of 1.54% compared to the previous year[53] - The cash dividend distribution for 2020 represents 26.10% of the net profit attributable to ordinary shareholders, which was RMB 115.93 million[109] Revenue and Sales - The company's total revenue for Q4 reached 1,087,141,160.06 CNY, marking a significant increase from Q1's 519,833,499.16 CNY[21] - Net profit attributable to shareholders in Q4 was 54,608,115.39 CNY, a substantial rise compared to Q1's 15,945,882.73 CNY[21] - The company produced 172,500 tons of aluminum profiles, an increase of 18.70% year-on-year, with sales reaching 173,900 tons, up 21.27%[54] - The company's domestic sales reached CNY 2.92 billion, a 30.59% increase from the previous year, while export sales fell by 29.25% to CNY 519 million[50] - The aluminum profile sales accounted for 85.96% of total revenue, with a year-on-year growth of 17.70%[50] Assets and Investments - Total assets at the end of 2020 were CNY 4,013,614,714.62, an increase of 37.06% from CNY 2,928,288,939.42 at the end of 2019[16] - The net assets attributable to shareholders increased by 49.59% to CNY 2,121,022,684.85 from CNY 1,417,855,506.24 in 2019[18] - The company's cash and cash equivalents increased by 104.28% compared to the beginning of the period, primarily due to funds raised from the public offering[35] - The company's construction of new facilities and equipment led to a 939.48% increase in other non-current assets compared to the beginning of the period[35] Research and Development - R&D expenses for the year amounted to CNY 121 million, a year-on-year increase of 28.80%, accounting for 3.52% of total revenue[46] - The number of R&D personnel increased by 43.49% to 386, representing 10.65% of the total workforce[64] - The company has developed high-performance aluminum alloys for automotive applications, achieving international advanced or domestic leading levels in core technologies[36] - The company aims to enhance technical research and development capabilities by increasing investment and attracting technical talent[91] Market and Industry Trends - The urbanization rate in China reached 60.6% by the end of 2019, with an annual growth rate of approximately 1%, driving stable demand for aluminum profiles in construction[31] - The market for aluminum alloy windows and doors is expected to grow steadily due to increasing renovation needs in existing buildings, with about 40% of the existing building area of 720 billion square meters being over 15 years old[31] - The annual growth rate of new energy vehicles in China was 38.15% from 2015 to 2019, with projections indicating that by 2030, the number of new energy vehicles will exceed 80 million, accounting for 45%-50% of total vehicle sales[33] - The automotive industry is shifting towards lightweight materials, with aluminum alloys being a key focus due to their advantages in weight reduction and recyclability[89] Corporate Governance and Shareholder Relations - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and creditors, ensuring fair access to information and participation in decision-making[143] - The company has maintained a complete decision-making process for profit distribution, ensuring independent directors and minority shareholders have opportunities to express their opinions[107] - The company held 3 shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[200] Social Responsibility and Environmental Impact - The company has maintained a commitment to environmental protection and sustainable development, with no major environmental pollution incidents reported during the period[144] - The company donated CNY 187.88 million to impoverished populations and regions in 2020, and provided CNY 18.85 million in assistance to employees facing significant hardships due to illness or accidents[146] - The company has implemented environmental protection measures, including wastewater and air pollution treatment facilities, ensuring compliance with environmental standards[151] Future Outlook and Strategic Initiatives - The company aims to expand production scale and increase market share in automotive lightweighting and high-end aluminum alloy applications[90] - The company plans to enhance its online sales channel, targeting a 30% increase in e-commerce revenue by the end of the next fiscal year[184] - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 5%[184] - The management team emphasized the importance of innovation and sustainability as core strategies for future growth[184]

Financial Performance - The company's operating revenue for 2020 was CNY 3,437,139,446.60, representing a 15.82% increase compared to CNY 2,967,748,524.26 in 2019[18]. - The net profit attributable to shareholders for 2020 was CNY 115,928,181.30, a decrease of 30.73% from CNY 167,364,507.10 in 2019[18]. - Basic earnings per share for 2020 were CNY 0.560, a decline of 41.67% compared to CNY 0.960 in 2019[18]. - The company reported a total of 35,237,147.24 CNY in non-recurring gains and losses for 2020, down from 56,571,554.63 CNY in 2019, indicating a decrease of approximately 37.8%[23]. - In 2020, the company achieved a sales revenue of 3.44 billion yuan, a year-on-year increase of 15.82%[46]. - The net profit attributable to the parent company was 116 million yuan, a decrease of 30.73% compared to the previous year[46]. - The company produced 172,500 tons of aluminum profiles, an increase of 18.70% year-on-year, and sold 174,000 tons, up 21.27%[55]. Cash Flow and Assets - The net cash flow from operating activities was CNY 20,278,775.89, down 85.23% from CNY 137,265,331.09 in the previous year[18]. - Total assets at the end of 2020 reached CNY 4,013,614,714.62, an increase of 37.06% from CNY 2,928,288,939.42 at the end of 2019[19]. - Cash and cash equivalents increased by 104.28% compared to the beginning of the period, mainly due to funds raised from the company's public offering[36]. - The net increase in cash and cash equivalents was CNY 415,185,274.21, a 247.98% increase compared to the previous year[68]. - The total amount of funds raised in 2020 was RMB 636.86 million, with an actual amount of RMB 589.89 million after deducting issuance costs of RMB 46.97 million[77]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.3 per 10 shares to all shareholders[6]. - The cash dividend distribution for 2020 represents 26.10% of the net profit attributable to ordinary shareholders in the consolidated financial statements[110]. - The company has established a profit distribution policy that prioritizes cash dividends, aiming for a minimum of 20% of distributable profits to be distributed in cash annually[101]. - The company will not distribute cash dividends if it has negative retained earnings or if its debt-to-asset ratio exceeds 75%[103]. Market and Industry Position - The company has established itself as a leading manufacturer of aluminum profiles, focusing on high-end industrial materials and automotive lightweight aluminum materials, serving over 120 models for major automotive brands[28]. - The market for aluminum alloy windows and doors is expected to grow steadily due to increasing demand for new buildings and the urgent need for renovation of existing structures, with about 40% of existing buildings over 15 years old[32]. - The annual growth rate of new energy vehicles in China was 38.15% from 2015 to 2019, with projections indicating that by 2030, the number of new energy vehicles will exceed 80 million, accounting for 45%-50% of total vehicle sales[34]. - The construction industry remains a major application area for aluminum profiles, with ongoing demand driven by urbanization and the need for building renovations[88]. Research and Development - Research and development expenses amounted to 121 million yuan, representing a year-on-year increase of 28.80%, accounting for 3.52% of operating revenue[47]. - The company holds 25 invention patents and 245 utility model patents, demonstrating its strong R&D capabilities in the aluminum profile industry[38]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product quality and efficiency[185]. Strategic Initiatives - The company aims to enhance its product development efforts to capitalize on the growing demand for new energy vehicles, indicating a strategic focus on innovation in the automotive sector[28]. - The company plans to enhance its technology research and development capabilities by increasing investment and attracting technical talent, aiming to become a leader in the industry[91]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of 300 million RMB allocated for potential deals[185]. Corporate Governance and Compliance - The company has maintained a continuous relationship with its accounting firm for 5 years, ensuring consistent audit practices[117]. - There were no significant accounting errors requiring retrospective restatement during the reporting period[115]. - The company has no reported penalties from regulatory agencies for directors, supervisors, or senior management in the past three years[191]. Social Responsibility - The company donated CNY 187.88 million to impoverished populations and regions in 2020, and provided CNY 18.85 million in assistance to employees facing significant hardships[147]. - The total funding for poverty alleviation efforts amounted to 2.0673 million yuan in 2020[150]. - The company plans to continue its poverty alleviation initiatives by enhancing management and production efficiency to support local economic development[151]. Employee and Workforce Management - The total number of employees in the company is 3,623, with 2,025 in the parent company and 1,598 in major subsidiaries[194]. - The company has established a performance-based salary mechanism that combines fixed and variable wages, encouraging higher income with better performance[195]. - The company has implemented a systematic training program for 33 university students to ensure a sustainable talent supply channel for strategic needs[197].

广东豪美新材股份有限公司 2020 年第三季度报告全文 广东豪美新材股份有限公司 2020 年第三季度报告 2020 年 10 月 1 广东豪美新材股份有限公司 2020 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。 公司负责人董卫峰、主管会计工作负责人许忠民及会计机构负责人(会计主 管人员)许忠民声明：保证季度报告中财务报表的真实、准确、完整。 2 广东豪美新材股份有限公司 2020 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） | 3,737,460,427.05 | | 2,928,288,939.42 | 27.63% | | 归属于上市公司股东的净资产 | 2,068,455,9 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,372,670,779.40, showing a slight decrease of 0.00% compared to CNY 1,372,718,412.15 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 48,141,100.98, representing a significant decline of 50.81% from CNY 97,862,343.51 in the previous year[19]. - The net cash flow from operating activities was negative at CNY -109,504,307.39, a decrease of 332.40% compared to CNY 47,119,727.87 in the same period last year[19]. - The basic earnings per share decreased by 62.50% to CNY 0.210 from CNY 0.560 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 43,556,525.19, down 11.69% from CNY 49,322,495.31 in the same period last year[19]. - The company achieved a revenue of 1.373 billion yuan in the first half of 2020, remaining stable compared to the same period last year[44]. - Net profit for the first half of 2020 was 48.14 million yuan, a decrease of 50.81% year-on-year, primarily due to a one-time investment gain in the previous year[44]. - The total operating revenue for the first half of 2020 was CNY 1,372,670,779.40, showing a year-on-year change of 0.00%[48]. - The total operating costs for the first half of 2020 were CNY 1,326,575,529.74, compared to CNY 1,313,692,558.89 in the same period of 2019, showing an increase of approximately 1%[164]. - The total comprehensive income for the first half of 2020 was ¥48,155,062.96, compared to ¥60,294,108.29 in the first half of 2019, indicating a decline of 20.1%[170]. Assets and Liabilities - Total assets increased by 25.25% to CNY 3,667,749,179.18 from CNY 2,928,288,939.42 at the end of the previous year[19]. - The total liabilities of the company were CNY 1,610,980,928.39, compared to CNY 1,510,433,433.18 at the end of 2019, showing an increase of about 6.5%[158]. - The company's equity attributable to shareholders rose to CNY 2,056,768,250.79 from CNY 1,417,855,506.24, marking an increase of approximately 45%[159]. - The accounts receivable stood at CNY 724,873,295.22, slightly down from CNY 729,322,783.02, indicating a decrease of about 0.6%[156]. - The inventory decreased to CNY 393,224,350.11 from CNY 412,527,860.38, reflecting a decline of approximately 4.7%[157]. Research and Development - Research and development expenses amounted to 48.87 million yuan, a year-on-year increase of 19.47%, representing 3.56% of total revenue[45]. - Research and development expenses for the first half of 2020 were CNY 48,865,678.32, up from CNY 40,900,961.72 in the previous year, indicating an increase of approximately 19.5%[164]. - The company holds a total of 513 patents, including 21 invention patents and 194 utility model patents[45]. Market and Sales Strategy - The company has established a comprehensive business system from alloy preparation, extrusion molding to deep processing of profiles and terminal design, focusing on aluminum alloy profiles and system windows[27]. - The company’s aluminum profiles are widely used in landmark buildings such as the Guangzhou Tower and the Shanghai World Financial Center, as well as in international projects like Abu Dhabi International Airport[27]. - The company’s automotive lightweight aluminum products have entered the supply chain of major brands including Mercedes-Benz, General Motors, and Toyota[28]. - The company employs a "make-to-order" production model, aligning production plans with actual sales orders to manage inventory effectively[29]. - The company’s sales strategy includes direct sales and agency models, with a focus on customized system window solutions for domestic engineering clients[30]. - Domestic sales accounted for 79.00% of total revenue, increasing by 10.05% year-on-year, while export sales decreased by 25.69%[51]. Risk Management - The company faces various risks including market risk, raw material price fluctuations, and trade friction risks[4]. - The company has implemented measures to manage risks related to trade friction and currency fluctuations, including enhancing market development in Belt and Road countries[84]. Environmental and Social Responsibility - The company has established wastewater and air pollution treatment facilities to ensure compliance with environmental standards[120]. - The company has committed CNY 8.78 million to poverty alleviation efforts during the reporting period[125]. - The company plans to continue supporting local economic development and poverty alleviation initiatives in the future[126]. - The company contributed to local government and social organizations in response to the COVID-19 pandemic[128]. Capital and Shareholder Information - The company completed its initial public offering (IPO) of 58,214,142 shares at a price of RMB 10.94 per share, raising a total of RMB 636,862,713.48[134]. - After the IPO, the total number of shares increased from 174,555,858 to 232,770,000, resulting in a dilution of earnings per share[133]. - As of the report date, the company had 35,637 shareholders, with the largest shareholder holding 37.77% of the shares[137]. - Foreign ownership accounts for 33.63% of the total shares, with 58,707,000 shares held by foreign entities[132]. Financial Position and Cash Flow - Cash and cash equivalents increased by 40.42% compared to the beginning of the period, mainly due to the arrival of raised funds[36]. - The company raised funds resulting in a 997.60% increase in cash flow from financing activities, totaling CNY 722,510,598.88[48]. - The net cash flow from financing activities was 677,737,496.11 CNY, compared to -98,366,647.32 CNY in the previous period, showing a positive turnaround in financing[177]. - The total cash inflow from financing activities reached 1,241,336,894.92 CNY, up from 465,000,000.00 CNY in the previous period, reflecting strong financing efforts[177].