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].

Financial Performance - The company's revenue for Q1 2021 was CNY 323,933,746.14, representing a 19.58% increase compared to CNY 270,894,157.76 in the same period last year[8]. - Net profit attributable to shareholders decreased by 44.83% to CNY 18,103,276.13 from CNY 32,812,139.49 year-on-year[8]. - The net profit after deducting non-recurring gains and losses fell by 47.71% to CNY 16,045,064.48 compared to CNY 30,686,028.28 in the previous year[8]. - Basic earnings per share decreased by 44.82% to CNY 0.0293 from CNY 0.0531 year-on-year[8]. - The company reported a net profit for the quarter of CNY 18,099,363.04, down from CNY 32,809,813.62, indicating a decrease of about 45%[62]. - The total comprehensive income for the quarter was CNY 18,099,363.04, down from CNY 32,809,813.62, reflecting a decrease of approximately 45%[63]. Cash Flow - The net cash flow from operating activities was negative at CNY -995,507.41, a decline of 111.51% from CNY 8,645,586.86 in the same period last year[8]. - Operating cash inflow totaled CNY 224,801,947.79, up from CNY 164,872,649.70 in the previous period, representing a 36.3% increase[72]. - Cash outflow from operating activities was CNY 231,828,498.71, compared to CNY 157,893,089.34 last period, indicating a 46.7% increase[72]. - Net cash flow from operating activities was negative at CNY -7,026,550.92, a decline from CNY 6,979,560.36 in the previous period[72]. - Cash inflow from investment activities was CNY 825,737.00, significantly higher than CNY 72,050.00 in the previous period[74]. - Cash outflow from investment activities increased to CNY 17,722,926.55 from CNY 10,693,313.73, marking a 65.5% rise[74]. - Net cash flow from investment activities was negative at CNY -16,897,189.55, worsening from CNY -10,621,263.73 in the previous period[74]. - Cash inflow from financing activities was CNY 109,389,900.00, down from CNY 130,000,000.00 in the previous period[71]. - Cash outflow from financing activities decreased to CNY 90,839,854.28 from CNY 157,570,085.43, a reduction of 42.4%[71]. - Net cash flow from financing activities improved to CNY 18,550,045.72 from CNY -27,570,085.43 in the previous period[71]. - The ending cash and cash equivalents balance was CNY 122,688,825.58, down from CNY 143,696,921.67 in the previous period[74]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,811,382,798.45, an increase of 4.02% from CNY 1,741,337,069.30 at the end of the previous year[8]. - Current liabilities rose to CNY 799,775,780.67, compared to CNY 744,716,705.86 in the previous period[58]. - Total liabilities increased to CNY 818,049,504.84 from CNY 764,088,197.53[58]. - Owner's equity totaled CNY 1,051,412,524.73, up from CNY 1,030,854,249.09[58]. - As of March 31, 2021, the total current assets amounted to CNY 1,159.41 million, an increase from CNY 1,094.60 million at the end of 2020[51]. Shareholder Information - The total number of shareholders at the end of the reporting period was 50,138[12]. - The largest shareholder, Suqian Xinxing Investment Co., Ltd., held 23.35% of the shares, while the second largest, Hong Kong Hengtai Technology Co., Ltd., held 20.52%[12]. Research and Development - Research and development expenses increased by 41.87% to CNY 11,362,570.10, reflecting higher investment in R&D activities[19]. - The company emphasizes the importance of continuous product innovation and maintains a high R&D investment ratio to meet customer demands and mitigate risks from technological advancements[30]. Market and Operational Strategies - The company is expanding its market presence in the northwest region through additional investments in Sichuan Yongquan Glass Technology Co., Ltd.[26]. - The company plans to mitigate raw material price fluctuation risks by implementing refined production management and establishing long-term supplier contracts[27]. - The company plans to enhance its comprehensive competitiveness by establishing industry-university-research collaborations and developing new technologies, processes, and materials[29]. - The company faces risks of declining gross margins due to intensified market competition and international trade frictions, and it aims to control costs and increase market share to stabilize revenue growth[31]. Investment and Fundraising - The company reported a total fundraising amount of RMB 81.9 million from the issuance of 23.4 million shares at RMB 35 per share, with a net amount of RMB 71.89 million after deducting issuance costs[40]. - The company has allocated RMB 3.7853 million of the remaining funds from the TCO conductive film glass project for the acquisition and capital increase of Suzhou Shengfengyuan New Materials Technology Co., Ltd[40]. - The company has not achieved the planned progress for the TCO conductive film glass project due to insufficient market demand, leading to no mass production after the completion of the production line[40]. - The company has reported a total of RMB 60.625 million in excess fundraising, with RMB 57.625 million already allocated[40]. Risks and Challenges - Increased environmental standards may lead to higher compliance costs, prompting the company to invest in environmental facilities and enhance management systems to ensure profitability[32]. - The company is exposed to exchange rate fluctuations as its overseas sales are primarily settled in foreign currencies, and it will implement risk management mechanisms to mitigate these impacts[33]. - The ongoing COVID-19 pandemic presents uncertainties that could affect the company's annual performance, and it has developed emergency plans to manage operational impacts[35].

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].