Financial Performance - The company's operating revenue for the first half of 2022 was CNY 774,103,756.46, representing an increase of 18.96% compared to CNY 650,730,121.89 in the same period last year [21]. - The net profit attributable to shareholders of the listed company reached CNY 119,083,783.11, a significant increase of 147.60% from CNY 48,094,659.09 in the previous year [21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 114,717,654.34, up 275.21% from CNY 30,574,339.36 in the same period last year [21]. - The basic earnings per share increased to CNY 0.20, a rise of 150.00% compared to CNY 0.08 in the previous year [21]. - The diluted earnings per share also increased to CNY 0.19, reflecting a growth of 137.50% from CNY 0.08 in the same period last year [21]. - The company's total assets at the end of the reporting period were CNY 1,997,660,694.08, an increase of 5.41% from CNY 1,895,155,615.87 at the end of the previous year [21]. - The net assets attributable to shareholders of the listed company rose to CNY 1,254,205,568.39, marking a 6.01% increase from CNY 1,183,093,922.57 at the end of the previous year [21]. - The net cash flow from operating activities was CNY 92,496,088.14, showing a slight decrease of 3.99% compared to CNY 96,340,511.83 in the same period last year [21]. - The weighted average return on net assets was 9.66%, an increase of 5.00% from 4.66% in the previous year [21]. Revenue and Sales Growth - Export sales revenue increased by 33.41%, with exports accounting for 50.45% of total sales revenue, up from 43.69% in the previous year [31]. - The gross profit margin improved from 21.88% in the previous year to 29.35% in the current period [32]. - Revenue from deep-processed glass products reached ¥774,103,756.46, with a gross margin of 29.35%, reflecting a 10.31% increase in gross margin year-over-year [60]. - Overseas sales revenue for deep-processed glass products grew by 33.41% compared to the previous year, contributing to stable operating performance [60]. Investment and Expansion - The company is expanding its production capacity in the western region, with a new intelligent glass deep processing project expected to commence operations in December 2022 [37]. - A non-public offering of A-shares is planned to raise up to 924 million yuan for new projects, including intelligent glass production lines and BIPV component production lines [38]. - The company is actively developing new business areas, particularly in BIPV products, and has constructed three distributed photovoltaic power station projects [36]. - The company has successfully developed laser television glass deep processing products, broadening its application scenarios [32]. Cost Management and Efficiency - The company continues to focus on cost reduction and efficiency improvement, implementing measures to lower raw material costs and automate production lines [35]. - The company's gross profit margin improved, with operating costs rising only 3.80% to ¥546,873,258.57, while revenue grew significantly [57]. - The average cost of main raw materials decreased during the reporting period, contributing to improved gross margin levels [60]. - The company has established a comprehensive procurement process to manage raw material costs effectively, particularly for raw glass, by tracking price trends and implementing dynamic management strategies [42]. Research and Development - The company's research and development investment increased by 39.72% to ¥34,178,024.16, driven by enhanced efforts in smart appliances and BIPV glass [57]. - Research and development expenses accounted for 9.41% of total revenue, reflecting a commitment to innovation [175]. Shareholder and Equity Information - The total number of shares before the recent changes was 618,172,423, with a total of 7,676,867 shares reduced from the limited sale condition shares [131]. - The total number of shareholders at the end of the reporting period was 37,185 [136]. - The largest shareholder, Zhuhai Port Co., Ltd., holds 25.02% of the shares, totaling 154,681,270 shares [137]. - The total number of shares held by directors and senior management is 113,920,279 shares, with no new shares issued during the reporting period [139]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period [141]. Compliance and Social Responsibility - The company emphasizes a commitment to legal compliance and social responsibility, focusing on economic and social benefits [102]. - Employee rights are protected through a talent strategy that includes training and health monitoring, ensuring a safe work environment [102]. - Environmental protection and sustainable development are prioritized, with ongoing efforts to improve employee awareness and compliance with regulations [103]. - The company actively participates in social welfare initiatives, aligning with its philosophy of giving back to society [103]. Financial Reporting and Audit - The half-year financial report was not audited, but there were no significant issues noted [109]. - The company adheres to the accounting standards set by the Ministry of Finance and the relevant regulations for financial reporting [190]. - The financial statements were approved by the board of directors on July 29, 2022 [187].

Financial Performance - The company's revenue for Q1 2022 was CNY 411,208,706.11, representing a 26.94% increase compared to CNY 323,933,746.14 in the same period last year[2] - Net profit attributable to shareholders was CNY 59,791,591.25, a significant increase of 230.28% from CNY 18,103,276.13 year-on-year[2] - The net profit after deducting non-recurring gains and losses was CNY 56,507,409.06, up 252.18% from CNY 16,045,064.48 in the previous year[2] - Basic earnings per share increased to CNY 0.0967, a rise of 230.03% from CNY 0.0293 year-on-year[2] - Total operating revenue for the first quarter reached ¥411,208,706.11, an increase of 27% compared to ¥323,933,746.14 in the same period last year[27] - Net profit for the quarter was ¥60,337,360.64, significantly higher than ¥18,099,363.04 in the previous year, marking an increase of over 233%[28] - The total comprehensive income attributable to the parent company was CNY 59,791,592.10, compared to CNY 18,103,276.13 in the previous period, representing an increase of approximately 230.5%[29] - Basic and diluted earnings per share increased to CNY 0.0967 from CNY 0.0293, reflecting a growth of 230.4%[29] Cash Flow - The company's cash flow from operating activities was negative at CNY -11,725,883.64, a decline of 1,077.88% compared to CNY -995,507.41 in the same period last year[2] - The net cash flow from operating activities turned negative at -¥11,725,883.64, a significant decline of 1077.88% from -¥995,507.41, mainly due to an increase in accounts receivable and cash payments[13] - Cash inflow from operating activities totaled CNY 276,449,858.92, up from CNY 229,713,432.57, indicating an increase of approximately 20.3%[31] - Cash outflow from operating activities increased to CNY 288,175,742.56 from CNY 230,708,939.98, representing a rise of about 25%[31] - Cash flow from investing activities decreased by 299.12% to -¥74,436,316.31, primarily due to increased expenditures on asset purchases and upgrades[14] - Net cash flow from investing activities was CNY -74,436,316.31, compared to CNY -18,649,956.55 in the previous period, indicating a significant increase in cash outflow[31] - Cash inflow from financing activities was CNY 95,000,000.00, down from CNY 109,389,900.00, reflecting a decrease of approximately 13.2%[31] - The net cash flow from financing activities was CNY 92,461,419.33, compared to CNY 18,550,045.72 in the previous period, showing a substantial increase[31] - The ending balance of cash and cash equivalents was CNY 159,563,422.33, up from CNY 136,060,751.00, indicating an increase of approximately 17.3%[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,032,616,343.79, reflecting a 7.25% increase from CNY 1,895,155,615.87 at the end of the previous year[2] - The company's equity attributable to shareholders rose to CNY 1,255,920,566.75, a 6.16% increase from CNY 1,183,093,922.57 at the end of the last year[2] - Total liabilities rose to ¥774,585,111.93 from ¥710,496,797.58, indicating an increase of approximately 9%[25] - The company's total assets reached ¥2,032,616,343.79, up from ¥1,895,155,615.87, reflecting a growth of about 7.3%[25] Research and Development - The company increased its R&D expenses to CNY 15,441,999.22, a 35.90% increase from CNY 11,362,570.10, focusing on smart appliances and BIPV glass[11] - Research and development expenses for the quarter were ¥15,441,999.22, compared to ¥11,362,570.10 in the previous year, marking an increase of approximately 36%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,341[16] - The largest shareholder, Zhuhai Port Co., Ltd., holds 25.02% of the shares, totaling 154,681,270 shares[16] - The company’s second phase of the 2019 restricted stock incentive plan was successfully executed, with 7,500,000 shares released for trading, representing 1.21% of the total share capital[20] Operational Insights - The increase in accounts receivable was 35.83%, reaching CNY 354,392,751.79, due to higher sales revenue from market share growth[8] - Cash received from tax refunds decreased by 77.37% to ¥3,547,159.42 compared to ¥15,672,288.49 in the same period last year, primarily due to a reduction in export tax rebates[13] - Cash received from other operating activities fell by 61.77% to ¥708,360.53, attributed to a decrease in government subsidies[13] - Cash paid for purchasing goods and services increased by 45.46% to ¥146,646,081.90, driven by sales revenue growth and preemptive stockpiling of raw materials due to potential logistics impacts from the pandemic[13] - Inventory levels increased to ¥264,522,775.02 from ¥251,358,826.29, reflecting a growth of approximately 5.2%[23] - Short-term borrowings increased to ¥212,959,153.94 from ¥118,235,107.17, representing an increase of about 80%[24] Audit Status - The report for the first quarter was not audited[32]

Financial Performance - The company reported a profit distribution plan of 1.00 RMB per 10 shares (including tax) based on a total of 618,172,423 shares[5]. - The company's operating revenue for 2021 was ¥1,457,800,111.26, representing a 13.33% increase compared to ¥1,286,337,545.69 in 2020[19]. - The net profit attributable to shareholders for 2021 was ¥137,004,252.09, up 12.36% from ¥121,934,562.93 in 2020[19]. - The total assets at the end of 2021 were ¥1,895,155,615.87, an increase of 8.83% from ¥1,741,337,069.30 at the end of 2020[19]. - The net assets attributable to shareholders increased by 17.35% to ¥1,183,093,922.57 at the end of 2021 from ¥1,008,207,166.52 at the end of 2020[19]. - The basic earnings per share for 2021 was ¥0.23, a 15.00% increase from ¥0.20 in 2020[19]. - The diluted earnings per share for 2021 was ¥0.22, reflecting a 10.00% increase from ¥0.20 in 2020[19]. - The company achieved operating revenue of 1,457.80 million CNY, an increase of 13.33% compared to the same period last year[43]. - Operating profit reached 148.97 million CNY, reflecting a growth of 5.11% year-on-year[43]. - Total profit amounted to 147.72 million CNY, which is a 3.66% increase from the previous year[43]. - The company reported a total of ¥23,668,761.91 in non-recurring gains and losses for 2021, compared to ¥21,081,286.97 in 2020[25]. Market and Industry Trends - The glass deep processing industry is experiencing a recovery trend, with significant growth in both the number of enterprises and product output[31]. - The market for mid-to-high-end glass deep processing products is expanding due to rising consumer demands for quality and innovation[32]. - The smart home market in China reached a scale of 170.5 billion CNY in 2020, with a growth rate of 26.7% expected in 2021[33]. - The glass deep processing industry accounted for 100% of the total operating revenue, with appliance glass contributing ¥1,420,247,675.06, a 13.44% increase from the previous year[76]. - Domestic sales decreased by 2.40% to ¥820,819,451.32, while international sales surged by 43.02% to ¥636,980,659.94, driven by the return of manufacturing orders to China[76]. - The gross profit margin for the glass deep processing segment was 21.88%, down from 20.40% the previous year, primarily due to rising raw material costs and price reductions for some products[78]. - The sales volume of appliance glass increased by 7.22% to 1,872.67 million square meters, while production volume rose by 18.06% to 2,062.09 million square meters[79]. - The company is expanding its production capacity in the western region by investing in the "smart glass deep processing project" to enhance market development[71]. Research and Development - The company is focused on continuous product innovation and exploring new business areas to mitigate risks and enhance growth[5]. - The company has obtained a total of 54 authorized patents related to its operations, including 26 invention patents, 27 utility model patents, and 1 design patent[60]. - The company has successfully developed several core technologies in glass deep processing, including "large-size 3D multi-curve glass panel processing technology" and "BIPV integrated technology" during the reporting period[59]. - Research and development expenses increased by 33.29% to ¥59,982,159.20, reflecting enhanced investment in smart appliances and BIPV glass technologies[88]. - The number of R&D personnel increased by 67.63% from 207 in 2020 to 347 in 2021, with a proportion of 14.25% of total employees[91]. - The company plans to increase R&D investment in 2022 to develop more environmentally friendly and high-tech glass products[135]. Risk Management - The company faces risks including raw material price fluctuations, technological advancements, and declining gross margins, which are detailed in the management discussion section[5]. - The company has established a comprehensive internal control system to ensure effective risk management and governance[144]. - The company is closely monitoring exchange rate fluctuations, particularly the euro to USD and RMB to USD, to mitigate potential foreign exchange losses as overseas business expands[152]. - The company has implemented strict accounts receivable management policies and will enhance aging analysis and recovery management to control risks[154]. Corporate Governance - The company emphasizes the importance of accurate financial reporting, with key personnel affirming the completeness and truthfulness of the annual report[4]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with governance regulations[161]. - The company has established a comprehensive internal control system to enhance governance and ensure the achievement of operational goals[166]. - The company emphasizes investor relations management, utilizing multiple platforms to communicate effectively with investors and safeguard their rights[168]. - The company maintains complete independence from its major shareholders in terms of business, assets, personnel, organization, and finance[169]. Strategic Initiatives - The company is committed to expanding its market presence and enhancing its product offerings through research and development initiatives[5]. - The company plans to continue expanding its product offerings and market presence in the glass deep processing sector[29]. - The company aims to maximize shareholder value by reallocating unused fundraising to supplement working capital permanently[114]. - The company is considering strategic acquisitions to enhance its supply chain, with a budget of 200 million RMB allocated for potential deals[186]. - The company aims to improve customer satisfaction scores by 15% through enhanced service offerings[186]. - The management team emphasized a commitment to sustainability, planning to reduce carbon emissions by 20% over the next five years[186].

Revenue and Profit - Revenue for Q3 2021 reached ¥384,529,625.34, an increase of 11.45% year-over-year, while year-to-date revenue was ¥1,035,259,747.23, up 17.69% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥50,721,851.97, a significant increase of 46.15% year-over-year, with year-to-date net profit at ¥98,816,511.06, up 7.57%[3] - The net profit excluding non-recurring gains and losses for Q3 2021 was ¥48,081,314.67, a remarkable increase of 127.22% year-over-year, while year-to-date it was ¥78,655,654.03, up 8.96%[3] - The company achieved operating revenue of CNY 1,035.26 million in the first three quarters of 2021, an increase of 17.69% compared to the same period last year[21] - The net profit attributable to shareholders of the listed company was CNY 98.82 million, reflecting a growth of 7.57% year-on-year[21] - Total operating revenue for Q3 2021 reached ¥1,035,259,747.23, an increase of 17.7% compared to ¥879,629,359.48 in Q3 2020[29] - Net profit for Q3 2021 was ¥98,560,911.06, compared to ¥91,851,680.41 in Q3 2020, representing an increase of 7.4%[29] - The total comprehensive income for the period was ¥98,560,911.06, compared to ¥91,851,680.41 in the same period last year, representing an increase of about 7.6%[30] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥1,810,750,778.44, reflecting a 3.99% increase from the end of the previous year[3] - Current assets totaled ¥1,194,089,390.31 as of September 30, 2021, up from ¥1,094,603,180.71 at the end of 2020, indicating a growth of 9.1%[25] - Total liabilities decreased to ¥672,118,424.31 from ¥734,592,209.59, a reduction of 8.5%[26] - Shareholders' equity attributable to the parent company reached ¥1,137,263,087.66, marking a 12.80% increase compared to the end of the previous year[3] Cash Flow and Expenses - The cash flow from operating activities showed a decline of 22.42% year-to-date, totaling ¥99,978,496.98[3] - Cash paid for purchasing goods and services reached CNY 395.31 million, up 86.26% primarily due to increased order volume and rising raw material prices[14] - The company's cash and cash equivalents rose to ¥177,347,239.35 from ¥149,804,879.36, an increase of 18.4%[24] - The operating cash flow for the period was ¥99,978,496.98, down from ¥128,878,288.34 in the previous year, indicating a decrease of about 22.4%[31] - The company incurred cash outflows from financing activities totaling ¥293,781,103.23, compared to ¥507,005,014.39 in the previous year, indicating a reduction of approximately 42.0%[33] Investments and Subsidiaries - Investment cash outflow was CNY 113.75 million, mainly for investments in lithium battery technology[14] - The company established a new subsidiary, Hengyang Xiugang Optoelectronic Technology Co., Ltd., with a registered capital of CNY 1 million for solar photovoltaic component development[21] - A new wholly-owned subsidiary, Zhuhai Port Xiugang New Energy Technology Co., Ltd., was established with a registered capital of CNY 50 million[21] - Cash received from the disposal of subsidiaries and other operating units was CNY 112.20 million, doubling from CNY 56.10 million in the previous year[14] - The company reported a cash inflow from the disposal of subsidiaries amounting to ¥112,200,000.00, significantly higher than ¥56,100,000.00 in the previous year[31] Financial Performance Metrics - The weighted average return on equity for Q3 2021 was 4.59%, an increase of 0.99% year-over-year, while year-to-date it was 9.34%, up 0.16%[3] - The company reported a basic and diluted earnings per share of ¥0.16, up from ¥0.15 in the previous year, marking a growth of about 6.7%[30] - The company reported a significant decrease in financial expenses, with a net financial income of -¥6,724,805.10, a change of -264.79% year-over-year, mainly due to increased interest income[12] Inventory and Costs - Inventory increased by 50.27% to ¥239,673,838.44 compared to the end of 2020, primarily due to increased order volume[9] - Total operating costs for Q3 2021 were ¥937,858,054.26, up from ¥777,048,609.87 in the same period last year, reflecting a rise of 20.6%[29] - Research and development expenses for Q3 2021 were ¥38,797,028.53, up from ¥32,766,118.28, reflecting an increase of 18.4%[29] Tax and Dividends - Tax refunds received amounted to CNY 26.03 million, a significant increase of 907.22% due to higher export tax rebates[14] - Dividend payments decreased by 95.52% to CNY 5.92 million, as no profit distribution was implemented in 2021[14] Operational Efficiency - The company plans to enhance internal production efficiency and reduce energy consumption in response to power supply challenges[22]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 650,730,121.89, representing a 21.72% increase compared to CNY 534,612,391.77 in the same period last year[24]. - The net profit attributable to shareholders decreased by 15.86% to CNY 48,094,659.09 from CNY 57,161,091.11 year-on-year[24]. - The net profit after deducting non-recurring gains and losses fell by 40.08% to CNY 30,574,339.36 compared to CNY 51,027,732.72 in the previous year[24]. - The net cash flow from operating activities increased by 68.92% to CNY 96,340,511.83 from CNY 57,031,997.45 in the same period last year[24]. - Basic earnings per share decreased by 15.80% to CNY 0.0778 from CNY 0.0924 year-on-year[24]. - Operating profit decreased by 27.96% to 47.07 million yuan, while total profit fell by 29.53% to 45.94 million yuan[31]. - The average procurement price of glass increased by approximately 50% compared to the previous year, impacting profit margins[31]. - The exchange rate of the US dollar to the Chinese yuan decreased by about 8% compared to the same period last year, affecting revenue[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,781,682,860.69, a 2.32% increase from CNY 1,741,337,069.30 at the end of the previous year[24]. - The net assets attributable to shareholders increased by 7.06% to CNY 1,079,417,070.29 from CNY 1,008,207,166.52 at the end of the previous year[24]. - The total liabilities decreased to CNY 701,620,054.77 from CNY 734,592,209.59, showing a reduction of about 4.5%[157]. - The company's total liabilities decreased to CNY 730,604,884.30 from CNY 764,088,197.53, a reduction of 4.4%[162]. Research and Development - Research and development expenses rose by 22.60% to ¥24.46 million, up from ¥19.95 million in the previous year[52]. - The company holds 24 invention patents and 24 utility model patents, focusing on advanced processing technologies in the glass industry[44]. - The company is committed to continuous product innovation and maintains a high R&D investment ratio to meet customer demands and enhance competitive advantage[81]. Market and Product Strategy - The company focuses on high-quality, high-performance glass deep processing products for home appliances, including refrigerator and air conditioning glass[31]. - The home appliance industry is undergoing a transformation towards smart and high-end products, increasing demand for functional glass[39]. - The demand for high-end smart glass is expected to grow rapidly as the smart home trend continues to evolve[40]. - The company is actively expanding into new business areas such as smart displays and renewable energy, aligning with market trends[51]. - The company is implementing measures to stabilize gross margin levels, including enhancing product value through R&D and improving market share domestically and internationally[84]. Shareholder and Governance Changes - The company has undergone a change in its controlling shareholder and legal representative during the reporting period[23]. - The new controlling shareholder is Zhuhai Port Co., Ltd., effective April 26, 2021[145]. - The actual controller changed to Zhuhai State-owned Assets Supervision and Administration Commission on April 26, 2021[145]. - The company has undergone significant changes in its board of directors and management, with multiple appointments and resignations due to changes in the controlling shareholder[94][95]. Cash Flow and Investment - The net cash flow from investment activities was ¥69.05 million, a significant increase of 420.68% compared to a negative cash flow of ¥21.53 million in the previous year[53]. - Cash and cash equivalents increased by 565.17% to ¥120.56 million, primarily due to the repayment of loans from sold educational assets and the receipt of equity transfer payments[53]. - The company reported a cash inflow from investment activities totaling CNY 113,048,873.00, significantly higher than CNY 917,842.00 in the previous year[177]. Compliance and Risk Management - The company has established a risk control system for foreign exchange forward contracts, limiting the total amount of such contracts to no more than 100 million RMB to manage potential risks[73]. - The company is closely monitoring exchange rate fluctuations, particularly between the euro and the US dollar, to manage foreign currency risk effectively[86]. - The company has developed comprehensive emergency plans to address potential impacts from the ongoing COVID-19 pandemic on operations and supply chains[89]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[186]. - The company aims to enhance shareholder value through strategic initiatives and operational efficiencies in the upcoming quarters[186]. - The company is exploring potential mergers and acquisitions to facilitate market expansion[182].

江苏秀强玻璃工艺股份有限公司 2021 年第一季度报告全文 江苏秀强玻璃工艺股份有限公司 2021 年第一季度报告 2021 年 04 月 1 江苏秀强玻璃工艺股份有限公司 2021 年第一季度报告全文 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。 公司负责人卢秀强、主管会计工作负责人肖燕及会计机构负责人(会计主管 人员)程鹏声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏秀强玻璃工艺股份有限公司 2021 年第一季度报告全文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 323,933,746.14 | 270,894,157.76 | 19.58% | | 归属于上市公司股东的净利润（元） | 18,103,276.13 | 3 ...

Financial Performance - The company reported a total revenue of 618,502,423 RMB for the year 2020, with no cash dividends or stock bonuses distributed to shareholders[6]. - The company's operating revenue for 2020 was CNY 1,286,337,545.69, representing a 1.36% increase compared to CNY 1,269,053,556.25 in 2019[19]. - The net profit attributable to shareholders for 2020 was CNY 121,934,562.93, a decrease of 2.37% from CNY 124,888,872.88 in 2019[19]. - The net profit after deducting non-recurring gains and losses was CNY 100,853,275.96, down 26.05% from CNY 136,375,192.91 in 2019[19]. - The total assets at the end of 2020 were CNY 1,741,337,069.30, an increase of 1.79% from CNY 1,710,649,816.66 at the end of 2019[19]. - The company's weighted average return on equity for 2020 was 10.64%, down from 13.40% in 2019[19]. - The company achieved an operating profit of CNY 14,173.60 million in 2020, a significant increase of 66.60% compared to the previous year[29]. - The company’s total profit for 2020 was CNY 14,250.57 million, reflecting a growth of 67.89% year-on-year[29]. - The company reported a total of CNY 999,919,633.39 in cash inflows from operating activities, a decrease of 8.54% from CNY 1,093,284,207.44 in 2019[73]. - The total cash and cash equivalents decreased by CNY 43,343,852.78, marking an increase of 856.67% in the net decrease compared to the previous year[73]. Risk Management - The company faces several risks including raw material price fluctuations, technological advancements, and environmental cost increases, which could impact future performance[6]. - The company has established a comprehensive risk management strategy to address potential challenges in the market and operational environment[6]. - The company is aware of the risks associated with technological advancements and will focus on innovation and collaboration to maintain competitiveness[118]. - The company will implement various measures to mitigate the impact of the COVID-19 pandemic, including cost control and increasing credit lines[116]. - The company is actively exploring new business areas, including smart glass products and BIPV deep processing products in collaboration with Yingli Group[50]. Product Development and Innovation - The company emphasizes the importance of continuous product innovation and expansion into new business areas to mitigate risks and enhance growth[6]. - The company is focused on developing new technologies and products, particularly in the fields of photovoltaic glass and smart home appliance glass[12]. - The company has obtained a total of 48 authorized patents, including 24 invention patents and 24 utility model patents[37]. - The company’s glass products are increasingly used in smart home applications, enhancing user experience with features like anti-fingerprint and touch control[31]. - The company plans to produce 1.2 million square meters of glass substrates and 1.5 million square meters of colored crystal glass annually[87]. Strategic Partnerships and Acquisitions - The company aims to enhance its market presence through strategic partnerships and potential acquisitions in the glass manufacturing sector[6]. - The company signed a strategic cooperation agreement with Baoding Jiasheng Optoelectronics Technology Co., Ltd. to jointly develop photovoltaic building integration glass[31]. - The company will leverage the capital market to conduct strategic mergers and acquisitions in the consumer electronics and photovoltaic glass sectors to enhance core business capabilities[113]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development as part of its corporate strategy[174]. - The company is focusing on upgrading production lines and using less polluting materials to ensure clean production[123]. - The company donated over 200,000 CNY in cash and materials to support pandemic prevention efforts during the COVID-19 outbreak[172]. - The company reported a total donation of 770,400 CNY to social causes during the reporting period[174]. Shareholder Information - The company has not distributed cash dividends for the 2020 fiscal year, with retained earnings carried forward for future distribution[138]. - The total number of ordinary shareholders at the end of the reporting period was 56,205, an increase from 52,605 at the end of the previous month[185]. - The largest shareholder, Suqian Xinxing Investment Co., Ltd., holds 23.35% of the shares, totaling 144,427,514 shares, with no changes during the reporting period[186]. - The total number of shares at the end of the reporting period was 618,502,423, with 5.85% being limited sale shares and 94.15% being unrestricted sale shares[182]. Operational Efficiency - The company is focusing on enhancing internal management and team building to improve operational efficiency and employee engagement[52]. - The company has effectively controlled project costs, leading to savings in overall project investment[90]. - The company will invest 47 million yuan in automating production lines to enhance efficiency and reduce labor costs, aiming to improve product quality and profitability[109]. Compliance and Governance - The company has maintained compliance with legal and regulatory requirements, ensuring accurate and timely information disclosure to investors[172]. - The company faced administrative penalties for incomplete information disclosure, resulting in a public reprimand from the Shenzhen Stock Exchange[156]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[154].

公司负责人卢秀强、主管会计工作负责人肖燕及会计机构负责人(会计主管 人员)程鹏声明：保证季度报告中财务报表的真实、准确、完整。 江苏秀强玻璃工艺股份有限公司 2020 年第三季度报告全文 江苏秀强玻璃工艺股份有限公司 2020 年第三季度报告 2020 年 10 月 1 江苏秀强玻璃工艺股份有限公司 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。 2 江苏秀强玻璃工艺股份有限公司 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） | 1,671,738,697.88 | 1,710,649,816.66 | | -2.27% | | 归属于上市公司股东的净资产（元） | 98 ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥534.61 million, a decrease of 21.22% compared to ¥678.63 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was approximately ¥57.16 million, down 25.23% from ¥76.45 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was approximately ¥51.03 million, a decline of 28.78% compared to ¥71.65 million in the same period last year[21]. - The net cash flow from operating activities was approximately ¥57.03 million, a significant decrease of 59.20% from ¥139.77 million in the previous year[21]. - The basic earnings per share were ¥0.0924, down 28.32% from ¥0.1289 in the same period last year[21]. - Operating profit was 65.35 million yuan, down 25.81% year-on-year[48]. - The total profit for the first half of 2020 was ¥65,182,401.59, down 25.6% from ¥87,579,449.48 in the previous year[155]. - The company reported a significant increase in accounts receivable notes to CNY 262.09 million from CNY 210.23 million, reflecting an increase of approximately 24.7%[145]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥1.70 billion, a slight decrease of 0.51% from ¥1.71 billion at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were approximately ¥948.99 million, down 5.49% from ¥1.00 billion at the end of the previous year[21]. - Total liabilities increased from CNY 708,007,790.13 to CNY 754,361,880.97, an increase of approximately 6.5%[147]. - Owner's equity decreased from CNY 1,002,642,026.53 to CNY 947,538,452.96, a decline of about 5.5%[148]. - The total liabilities at the end of the current period were not explicitly stated but can be inferred from the equity figures[177]. Investment and R&D - The company invested 33 million yuan to build a smart kitchen appliance glass production line[30]. - The company has formed a strong R&D team with a focus on core technologies such as color crystal glass and photovoltaic glass[38]. - Research and development expenses increased by 8.62% to ¥19.95 million, compared to ¥18.37 million in the previous year[56]. - The company has obtained 23 invention patents and 22 utility model patents, showcasing strong R&D capabilities[41]. - The company emphasizes the importance of continuous product innovation and maintains a high R&D investment ratio to meet customer demands and market trends[83]. Market and Strategic Initiatives - The smart home market in China is expected to grow at a compound annual growth rate of 35.9% from 2020 to 2023[37]. - The company aims to enhance customer service capabilities and expand market share through refined management and compliance development[36]. - The company is focusing on market opportunities in the western region, increasing its market share in response to rising demand for high-end home appliances[48]. - The company maintains long-term strategic partnerships with major appliance manufacturers such as Haier and Midea, ensuring a solid customer resource advantage[42]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[6]. - The company faces risks from fluctuations in raw material prices, particularly for glass sheets, which could impact profitability if price changes cannot be passed on to customers[81]. - The company is exposed to risks from technological advancements and potential obsolescence of its products, necessitating collaboration with customers and academic institutions for innovation[82]. - The company is implementing measures to manage risks associated with accounts receivable as its business scales, ensuring timely collection to maintain financial health[87]. Corporate Governance and Compliance - The company has established a multi-tier governance structure, including a board of directors, supervisory board, and management team, to ensure effective decision-making and oversight[183]. - The company is committed to compliance with relevant regulations and standards in its financial reporting and operational practices[186]. - The company has not faced any penalties or corrective actions related to information disclosure inaccuracies[101]. Future Outlook - The company did not provide specific future guidance or performance outlook for the remainder of the year[179]. - The company is under investigation by the China Securities Regulatory Commission for alleged misleading information disclosure, with no conclusion reached as of the report date[89].

Financial Performance - Total revenue for Q1 2020 was ¥270,894,157.76, a decrease of 18.91% compared to ¥334,080,320.38 in the same period last year[8]. - Net profit attributable to shareholders was ¥32,812,139.49, an increase of 11.08% from ¥29,538,716.49 year-on-year[8]. - Basic and diluted earnings per share remained unchanged at ¥0.05[8]. - The company reported a net profit for the first quarter of ¥32,809,813.62, up from ¥29,164,041.12, representing an increase of about 9.0%[58]. - The operating profit increased to ¥38,564,018.93 from ¥35,289,120.44 year-over-year, reflecting a growth of approximately 6.4%[58]. - The total operating revenue for the first quarter of 2020 was ¥269,712,916.32, compared to ¥285,777,673.29 in the previous period[61]. Cash Flow and Liquidity - Net cash flow from operating activities was ¥8,645,586.86, down 93.36% from ¥130,202,401.68 in the previous year[8]. - The net cash flow from operating activities was 6,979,560.36 CNY, a decrease of 91.5% compared to 81,894,062.57 CNY in the previous period[69]. - Cash inflow from operating activities totaled 164,872,649.70 CNY, down from 249,374,955.34 CNY, reflecting a decline of 34%[69]. - Cash outflow from operating activities was 157,893,089.34 CNY, compared to 167,480,892.77 CNY, indicating a decrease of 5.5%[69]. - The ending balance of cash and cash equivalents was 143,696,921.67 CNY, down from 104,432,814.75 CNY[70]. - As of March 31, 2020, the company's cash and cash equivalents amounted to 163.04 million yuan, a decrease from 191.12 million yuan at the end of 2019[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,720,391,539.20, a slight increase of 0.57% from ¥1,710,649,816.66 at the end of the previous year[8]. - Total liabilities decreased to CNY 700,973,695.06 from CNY 732,086,523.82[54]. - Owner's equity increased to CNY 1,066,920,794.21 from CNY 1,030,353,550.70[54]. - Accounts receivable stood at 262.01 million yuan, slightly down from 275.85 million yuan at the end of 2019[48]. - Inventory increased to 134.16 million yuan from 125.15 million yuan at the end of 2019[48]. Investments and Projects - The company established an elevator division focused on the R&D, production, and sales of elevator glass, marking a significant expansion into new product areas[24]. - The company is advancing the construction of the solar roof glass project, with progress on schedule as of the end of the reporting period[24]. - The company plans to complete the installation of the smart kitchen appliance glass production line by May, with equipment procurement nearly finished[24]. - The company reported a total investment commitment of 77,061.62 million, with 74,061.6 million utilized and 289.8 million remaining[38]. - The company has invested 11,000 million to repay bank loans, ensuring financial stability[38]. Risks and Challenges - The company faces risks from raw material price fluctuations and is implementing strategies to mitigate these risks through cost control and long-term supplier contracts[25]. - The company faces increased environmental costs due to stricter environmental standards, which will require additional investment in environmental facilities and operational costs[29]. - The COVID-19 pandemic has created uncertainties affecting the company's annual performance and financial status, prompting the implementation of emergency plans and operational adjustments[33]. - The company reported a potential impact on its performance due to the uncertainty surrounding the global COVID-19 pandemic[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,114[11]. - The largest shareholder, Suqian Xinxing Investment Co., Ltd., held 23.35% of shares, amounting to 144,427,514 shares[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Fund Management - The total amount of raised funds is approximately 71,893.96 million yuan, with 289.83 million yuan invested in the current quarter[37]. - Cumulative changes in the use of raised funds amount to 9,351.51 million yuan, representing 13.01% of the total raised funds[37]. - The company has effectively managed and optimized the use of raised funds, resulting in savings on project investments[41]. - The company has decided to optimize the allocation of raised funds to maximize benefits in response to market changes[39].