Financial Performance - The net profit attributable to shareholders decreased by over 50% year-on-year, primarily due to rising raw material prices and the impact of the COVID-19 pandemic on supply chains [4]. - The company's revenue increased by 11.07% compared to 2020, indicating a stable core business despite external challenges [5]. - The company reported a net profit attributable to shareholders was a loss of CNY 3,484,687.57, representing a decrease of 119.17% from a profit of CNY 18,182,348.54 in 2020 [26]. - The net cash flow from operating activities decreased by 72.95% to CNY 21,653,212.52 from CNY 80,035,668.12 in the previous year [26]. - The total assets at the end of 2021 were CNY 689,118,320.19, down 3.87% from CNY 716,872,308.66 at the end of 2020 [26]. - The company reported a basic earnings per share of -0.0074, a decline of 119.27% from 0.0384 in 2020 [26]. - The company’s net profit after deducting non-recurring gains and losses was a loss of CNY 13,565,378.22, compared to a profit of CNY 373,902.89 in 2020, marking a decrease of 3,728.05% [26]. - The company’s weighted average return on equity was -0.58%, down from 3.09% in 2020 [26]. - The company received government subsidies amounting to CNY 2,560,331.87, down from CNY 4,875,685.26 in 2020 [32]. - The company reported a significant decrease in quarterly net profit, with a loss of CNY 9,291,634.50 in Q4 2021 [29]. Revenue Breakdown - The company's operating revenue for 2021 was CNY 306,256,010.49, an increase of 11.07% compared to CNY 275,721,490.77 in 2020 [26]. - The revenue from fabric, window coverings, and shading products was CNY 285,319,497.09, compared to CNY 264,752,768.27 in 2020 [27]. - The revenue from the shading fabric manufacturing sector decreased by 7.02% to CNY 174.88 million, while the revenue from shading products increased by 39.61% to CNY 121.91 million [55]. - The company achieved a significant increase in coal trading revenue, which surged by 2,771.27% to CNY 9.14 million [55]. - The domestic market revenue increased by 30.58% to CNY 88.82 million, while international market revenue grew by 4.69% to CNY 217.43 million [55]. Cost and Expenses - The cost of raw materials in the operating costs increased to CNY 154,557,461.63, representing 63.20% of total operating costs, due to rising average unit procurement costs [59]. - Research and development expenses decreased by 38.97% to CNY 10,058,871.18, primarily due to reduced investment in R&D materials compared to the previous year [63]. - The company’s financial expenses decreased by 64.95% to CNY 4,032,377.23, mainly due to reduced borrowings and exchange rate fluctuations [63]. - The company’s cash outflow from investment activities increased by 172.57% to CNY 16,963,227.70, primarily due to higher cash payments for forward foreign exchange settlements [67]. Market Position and Strategy - The proportion of foreign sales in total revenue was 71% in 2021, highlighting the company's reliance on international markets [9]. - The company plans to enhance its core technology advantages and improve product quality to achieve cost minimization and profit maximization in 2022 [5]. - The company aims to expand its sales channels and leverage synergies among subsidiaries to boost sales of its main products [5]. - The company is actively expanding its product applications, which will provide more revenue opportunities [40]. - The market for functional sunshade products is expected to grow significantly due to changing consumer habits and increased product awareness [38]. - The company is positioned in the mid-to-high-end market for sunshade materials, facing increasing competition from both domestic and foreign players [39]. - The company plans to continue its technology upgrades to further reduce production costs and improve operational efficiency [52]. Innovation and Development - The company has developed four innovative new materials for sunshade products, breaking the monopoly of foreign enterprises in this field [41]. - The company has introduced innovative products such as halogen-free flame-retardant fabrics and aluminum-coated fabrics, enhancing its product offerings [47]. - The company has added 3 new invention patents during the reporting period, reflecting its commitment to continuous innovation [53]. - The company has developed new high-performance composite materials aimed at expanding its product offerings in the shading market [66]. Governance and Compliance - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, ensuring compliance with relevant regulations [91]. - The company emphasizes information disclosure, adhering to regulations and maintaining good communication with investors [97]. - The company has not encountered any significant discrepancies in its governance practices compared to regulatory requirements [101]. - The company’s independent directors are actively involved in other organizations, indicating a broad network of expertise [109]. - The company has maintained a stable management team with no resignations or dismissals reported during the period [106]. Employee and Social Responsibility - The company emphasizes employee rights protection, providing benefits such as health check-ups and training opportunities [138]. - The company has implemented measures to enhance employee satisfaction and team cohesion through cultural activities [138]. - The company is committed to fulfilling its social responsibilities while continuously innovating in the shading energy-saving sector [135]. - The company actively responded to national epidemic prevention policies, implementing strict measures such as disinfection and access control [140]. Shareholder Information - The total number of shares is 474,000,000, with 99.92% being unrestricted shares [180]. - The largest shareholder, Lu Xianfeng, holds 22.14% of the shares, totaling 104,924,203 shares, with a decrease of 7,483,500 shares during the reporting period [182]. - The total number of shareholders at the end of the reporting period was 28,028, a decrease from 37,644 at the end of the previous month [182]. - The company has not experienced any changes in its controlling shareholder during the reporting period [185].

宁波先锋新材料股份有限公司 2021 年第三季度报告 证券代码：300163 证券简称：先锋新材 公告编号：2021-048 宁波先锋新材料股份有限公司 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。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 66,108,903.37 | -25.60% | 231,436,983.38 | 2.26% | | 归属于上市公司股东 的净利润（元） | -1 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2021, representing a year-on-year growth of 20%[21]. - The company's operating revenue for the first half of 2021 was ¥165,328,080.01, representing a 20.26% increase compared to ¥137,474,703.69 in the same period last year[27]. - The company's revenue for the reporting period reached ¥165,328,080.01, representing a year-on-year increase of 20.26% due to rising customer demand as the impact of the COVID-19 pandemic lessened[42]. - The net profit attributable to shareholders decreased by 21.28% to ¥7,074,928.39 from ¥8,987,348.75 year-on-year[27]. - The net profit after deducting non-recurring gains and losses fell by 43.12% to ¥1,923,263.90 compared to ¥3,381,171.99 in the previous year[27]. - The company reported a total profit of ¥7,622,095.86 for the first half of 2021, down from ¥11,653,388.24 in the first half of 2020, representing a decline of 34.56%[131]. - The company's operating profit decreased to ¥2,692,963.35 in the first half of 2021, down 61.60% from ¥7,022,639.79 in the same period of 2020[131]. - The company's financial expenses increased to ¥2,254,768.67 in the first half of 2021, compared to a negative expense of -¥13,405.67 in the first half of 2020[131]. - The company's total comprehensive income for the first half of 2021 was ¥6,856,204.67, down from ¥8,863,163.47 in the same period of 2020, a decline of 22.61%[132]. Cost and Expenses - Operating costs increased by 22.31% to ¥133,439,503.59, primarily driven by higher sales volume and rising raw material prices[42]. - Total operating costs for the first half of 2021 were ¥164,137,432.19, up from ¥135,540,030.55 in the same period of 2020, reflecting a growth of 21.14%[130]. - Research and development expenses decreased by 23.22% to ¥5,282,226.54, attributed to a reduction in ongoing R&D projects compared to the previous year[42]. - The tax expense for the first half of 2021 was ¥707,734.74, a significant decrease from ¥2,809,264.05 in the first half of 2020, reflecting a decline of 74.80%[131]. Cash Flow - The company's cash flow from operating activities turned negative at -¥14,842,876.55, a decline of 123.18% from ¥64,024,135.09 in the same period last year[27]. - The net cash flow from operating activities for the first half of 2021 was -14,842,876.55, a decrease from 64,024,135.09 in the same period of 2020[140]. - Cash outflow from operating activities totaled 280,797,056.08, up from 177,586,904.20 in the previous year, indicating a significant increase of about 58.06%[140]. - The company experienced a net decrease in cash and cash equivalents of -53,698,861.83, compared to an increase of 538,013.02 in the first half of 2020[141]. Market and Expansion Plans - The company aims to expand its market presence in Southeast Asia, targeting a 25% increase in overseas sales by the end of 2022[21]. - The company plans to invest 50 million RMB in R&D for new product development, focusing on high-performance shading materials[21]. - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the materials sector[124]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly in polyester and PVC, which are influenced by global oil prices[8]. - The company is experiencing challenges in recruiting skilled labor, which may impact production capacity and operational efficiency[10]. - The company’s reliance on international markets for sales is high, with 60% of revenue coming from exports, making it vulnerable to geopolitical and trade policy changes[9]. Innovation and Development - As of June 30, 2021, the company held 72 domestic patents and 47 foreign patents, indicating a strong focus on technological innovation[37]. - The company has developed four innovative new products in the field of polymer composite sunshade materials, enhancing its market competitiveness[35]. - The company is committed to maintaining its competitive edge through continuous innovation and talent acquisition in response to increasing market competition[7]. Shareholder and Equity Information - The total number of shares outstanding is 474,000,000, with 99.92% being unrestricted shares[109]. - The largest shareholder, Lu Xiang, holds 22.14% of the shares, totaling 104,924,203, and has pledged 87,582,380 shares[110]. - The company reported a total of 26,028 common shareholders at the end of the reporting period[110]. - The company has not reported any new equity instruments issued during the current period, maintaining the same level of equity financing[149]. Compliance and Governance - There were no significant lawsuits or arbitration matters reported during the period, indicating a stable legal environment for the company[85]. - The company has committed to not engaging in any competitive business activities during their tenure and for six months post-departure, ensuring compliance with competitive business regulations[79]. - The company has not reported any penalties or corrective actions during the reporting period, suggesting compliance with regulatory requirements[85]. Related Party Transactions - The company reported a total of 3,422.11 million CNY in related party transactions, which accounted for 21.07% of the approved transaction limit of 10,000 million CNY for the reporting period[87]. - The company has no significant related party transactions during the reporting period[93]. - The company has fully recovered receivables from related parties, which will not adversely affect its operating results and financial status[91].

Financial Performance - The company's revenue for 2020 decreased by 38.75% year-on-year, primarily due to the sale of its subsidiary KRS in June 2019 and the impact of the COVID-19 pandemic on production and operations[4]. - The net profit attributable to shareholders for 2020 fell by 62.52% compared to the previous year, largely due to a significant decline in asset disposal gains from 49.49 million in 2019 to -0.3372 million in 2020[4]. - The company's operating revenue for 2020 was ¥275,721,490.77, a decrease of 38.75% compared to ¥450,181,969.11 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥18,182,348.54, down 62.52% from ¥48,506,025.14 in 2019[21]. - The weighted average return on equity for 2020 was 3.09%, down from 9.50% in 2019, indicating a decline in profitability[21]. - The company reported a basic earnings per share of ¥0.0384 for 2020, a decline of 62.46% from ¥0.1023 in 2019[21]. - The company received government subsidies amounting to ¥4,875,685.26 in 2020, compared to ¥8,298,293.10 in 2019[26]. - The net cash flow from operating activities increased significantly to ¥80,035,668.12, a rise of 1,009.72% compared to ¥7,212,237.11 in 2019[21]. - The net profit after deducting non-recurring gains and losses was ¥373,902.89, a turnaround from a loss of ¥17,288,089.71 in 2019, marking a 102.16% improvement[21]. Market and Competitive Position - The company maintains a competitive advantage in the polymer composite shading materials industry, with significant market capacity for future growth[30]. - The company faces risks related to market competition, raw material price fluctuations, and high reliance on foreign sales, which could impact its operational results[7][8]. - The company emphasizes the importance of advanced technology and brand recognition as key barriers to market entry in the high-end polymer composite shading materials market[85]. - The company aims to enhance its international market presence by focusing on product adaptability, channel resource development, and brand awareness through international exhibitions[44]. - The company plans to increase its domestic sales proportion while expanding its export scale to mitigate revenue fluctuations from international markets[44]. Research and Development - The company developed four innovative new polymer composite shading materials during the reporting period, enhancing its product portfolio[30]. - The company plans to enhance R&D efforts focusing on new materials, process improvements, and innovative designs to maintain its competitive edge in the shading fabric market[61]. - The number of R&D personnel increased to 23, representing 16.51% of total employees, with R&D expenditure accounting for 5.98% of revenue in 2020[62]. - R&D expenses increased by 12.59% to ¥16,481,022.18, reflecting the company's increased investment in R&D[60]. Subsidiaries and Investments - The company increased its consolidated scope to include 12 subsidiaries, adding three new entities in 2020[56]. - The company established a new subsidiary, Ningbo Pioneer New Materials (Thailand) Co., Ltd., with an investment of 1,900,000.00, fully funded by its own resources[74]. - The company set up another subsidiary, Ordos Pioneer Energy Co., Ltd., with an investment of 8,100,000.00, also fully funded by its own resources[74]. - The company has a total investment of 13,000,000.00 in new subsidiaries during the reporting period[74]. Operational Efficiency - The overall operational capability remains stable, with no significant risks to its ongoing business operations[6]. - The company has initiated measures to expand from fabric to finished shading products, leveraging existing technology reserves[85]. - The company is committed to improving order response capabilities and handling unconventional orders to better meet sales demands[88]. - The company will continue to adjust product pricing in response to market changes to maintain its market share in the sunlight fabric sector[87]. Shareholder and Governance - The company has not distributed cash dividends for the past three years, maintaining a policy of reinvesting profits into operations and development[94]. - The company reported a total share count of 474,000,000, with 365,421,842 shares (77.09%) being unrestricted and 108,578,158 shares (22.91%) being restricted[137]. - The company’s major shareholder, Lu Xianfeng, stepped down as chairman, and his shares are subject to a six-month lock-up period following his departure[139]. - The company’s current board includes experienced professionals with backgrounds in engineering, finance, and management, enhancing its operational capabilities[157][165]. - The company has established specialized committees under the board, including strategy, remuneration and assessment, audit, and nomination committees[179]. Compliance and Internal Control - The company has not reported any non-standard audit reports for the recent period[103]. - There were no significant internal control deficiencies reported during the evaluation period, indicating robust internal controls[198]. - The internal control audit report confirmed that the company maintained effective internal controls related to financial reporting as of December 31, 2020[200]. - The company emphasizes strict compliance with information disclosure regulations, ensuring accurate and timely communication with investors[181].

Financial Performance - The company's revenue for Q1 2021 was ¥79,616,569.25, representing a 59.56% increase compared to ¥49,899,056.75 in the same period last year[8] - Net profit attributable to shareholders was ¥1,318,708.63, a significant turnaround from a loss of ¥600,905.30, marking a 319.45% increase[8] - The company's operating revenue for the reporting period reached 79.62 million yuan, an increase of 59.56% compared to the previous year[19] - The net profit attributable to shareholders for the reporting period was 1.32 million yuan, representing a growth of 319.45% year-on-year[19] - The company reported a net loss of CNY 36,312,542.96 for the period, slightly improved from a loss of CNY 37,631,251.60 in the previous year[33] - The total comprehensive income for Q1 2021 was CNY 1,234,491.65, compared to a loss of CNY 669,041.17 in Q1 2020, indicating a positive shift in overall financial health[41] Cash Flow - The net cash flow from operating activities was -¥37,463,523.00, worsening by 96.82% compared to -¥19,033,997.53 in the previous year[8] - Total cash inflow from operating activities was 114,416,769.09 CNY, while cash outflow was 151,880,292.09 CNY, resulting in a net cash outflow of 37,463,523.00 CNY[48] - Cash inflow from investment activities was 734,881.62 CNY, while cash outflow was 1,631,597.21 CNY, leading to a net cash outflow of 896,715.59 CNY[49] - The total cash and cash equivalents at the end of the period were 23,045,796.13 CNY, down from 41,698,770.36 CNY in the previous period, reflecting a decrease of approximately 44.7%[49] - The company reported a total cash inflow from sales of goods and services of 78,242,930.49 CNY, compared to 33,201,394.97 CNY in the previous period, marking an increase of approximately 135.5%[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥713,546,659.17, a slight decrease of 0.46% from ¥716,872,308.66 at the end of the previous year[8] - Total liabilities decreased to CNY 114,408,839.42 from CNY 118,942,735.80, reflecting a reduction in short-term borrowings and accounts payable[32] - The company's total equity increased to CNY 599,137,819.75 from CNY 597,929,572.86, driven by retained earnings[33] - Accounts receivable increased by ¥51,440,000, a growth of 54.59%, due to a significant rise in sales revenue during the reporting period[16] - The company's inventory as of March 31, 2021, was approximately 172.89 million yuan, down from 176.22 million yuan at the end of 2020[30] Expenses - Year-to-date operating costs increased by 30.24 million yuan, a rise of 86%, primarily due to increased sales volume and rising raw material prices[17] - Research and development expenses increased by 139,000 yuan, a growth of 73.58%, as the previous year was impacted by the pandemic[17] - The total operating costs for Q1 2021 were CNY 79,644,941.46, up from CNY 46,161,479.78 in the previous year, marking an increase of about 72.5%[39] - The company reported a gross profit margin of approximately 14.5% for Q1 2021, compared to a margin of around 20.2% in Q1 2020[43] Strategic Initiatives - The company plans to focus on expanding its market presence and investing in new product development to drive future growth[1] - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[1] Other Financial Metrics - The weighted average return on net assets improved to 0.22%, compared to -0.59% in the same period last year, indicating a 137.33% increase[8] - The basic earnings per share were ¥0.0028, a significant improvement from -¥0.0013 in the previous year, reflecting a 319.45% increase[8] - The company recorded other income of CNY 381,963.31 in Q1 2021, down from CNY 642,241.45 in the previous year, reflecting a decrease of approximately 40.5%[39] - The company experienced a credit impairment loss of CNY -1,597,790.55 in Q1 2021, compared to a loss of CNY -6,751,865.44 in the same period last year, showing a reduction in losses[39]

宁波先锋新材料股份有限公司 2020 年第三季度报告全文 宁波先锋新材料股份有限公司 2020 年第三季度报告 2020 年 10 月 1 宁波先锋新材料股份有限公司 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。 公司负责人白瑞琛、主管会计工作负责人梁晓霞及会计机构负责人(会计主 管人员)梁晓霞声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波先锋新材料股份有限公司 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） | 733,218,938.05 | 809,725,739.53 | | -9.45% | | 归属于上市公司股东的净资产 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥137,474,703.69, a decrease of 50.60% compared to ¥278,301,907.86 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥8,987,348.75, an increase of 15.44% from ¥7,785,511.53 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥3,381,171.99, a significant improvement of 131.13% compared to a loss of ¥10,860,174.20 in the same period last year[23]. - The total profit for the same period was 11.65 million yuan, reflecting a year-on-year increase of 91.97%[41]. - The net profit attributable to the parent company was 8.99 million yuan, up 15.44% year-on-year[41]. - The company reported a net loss of CNY 45,025,976.72, an improvement from a loss of CNY 54,013,325.47 in the previous period[150]. - The company reported a profit margin of 6.4% in the first half of 2020, compared to 1.4% in the same period of 2019[157]. - The comprehensive income for the current period amounts to CNY 16,850,153.52, compared to a loss of CNY 3,832,366.11 in the previous period, indicating a significant turnaround[177]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥64,024,135.09, a remarkable increase of 742.96% from a negative cash flow of ¥9,957,671.30 in the previous year[23]. - Total cash inflow from operating activities reached ¥241,611,039.29, while cash outflow was ¥177,586,904.20, resulting in a net cash flow of ¥64,024,135.09[165]. - Cash and cash equivalents increased to ¥62,586,139.39, representing 8.68% of total assets, up from 3.59% in the same period last year, primarily due to increased sales collections[59]. - The cash and cash equivalents at the end of the period amounted to ¥62,086,139.39, an increase from ¥19,886,957.53 at the end of the previous year[167]. - The net cash flow from investment activities was -¥121,426,057.58, a decline from -¥871,561.59 in the previous year[170]. Assets and Liabilities - Total assets at the end of the reporting period were ¥721,340,592.77, down 10.92% from ¥809,725,739.53 at the end of the previous year[23]. - Total liabilities decreased to CNY 131,337,166.13, down 42.6% from CNY 228,585,476.36[149]. - The total amount of restricted assets as of June 30, 2020, was ¥5,222.25 million, including ¥500,000.00 in cash and ¥51,722,500.00 in fixed assets[63]. - The total liabilities at the end of the reporting period are CNY 539,854,375.20, reflecting a decrease from the previous period[178]. Research and Development - Research and development expenses increased by 23.09% to ¥6,879,340.02, reflecting the company's commitment to innovation[53]. - As of June 30, 2020, the company held a total of 89 domestic patents and 44 foreign patents, enhancing its competitive edge in technology innovation[38]. - The company developed 4 innovative new polymer composite shading materials, enhancing its competitive edge in the market[30]. Market and Product Development - The company plans to enhance its technical reserves and production capacity for energy-saving products in response to domestic and international policy trends[10]. - New product innovations include aluminum-coated fabrics and halogen-free flame-retardant materials, which meet higher environmental standards[39]. - The company is exploring new product lines, including indoor and outdoor home products and high-strength composite materials, to diversify its offerings[46]. Corporate Governance and Compliance - The company has made commitments regarding share transfer limits, stating that during the tenure of key personnel, the annual transfer of shares shall not exceed 25% of their total holdings[87]. - The company has not undergone any bankruptcy restructuring during the reporting period[90]. - The company has not faced any penalties or corrective actions during the reporting period[92]. - The company has confirmed that the related party debts will not adversely affect its operational results and financial status[99]. Subsidiaries and Investments - The company established two new subsidiaries, which have not yet significantly impacted overall operations or performance[78]. - The company reported a total revenue of 41,246,181 for the subsidiary in Jiaxing, with a net loss of -1,112,267.5[77]. - The subsidiary in Ningbo achieved a revenue of 72,384,661, with a net profit of 3,346,317.13[77]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,653, with no preferred shares having restored voting rights[126]. - The company reported a total of 474 million shares outstanding, with 22.91% being restricted shares and 77.09% being unrestricted shares[122]. - The number of restricted shares increased by 17.84 million, bringing the total restricted shares to 126.42 million, which is 26.67% of total shares[122]. Risk Management - The company faced risks due to the pandemic, which affected production capacity and order volume, particularly in export markets like the United States[5]. - The company is focused on risk management strategies to address policy-related risks through enhanced market research[80]. - The company plans to enhance its market research system to mitigate market risks and improve resource allocation[79].

Financial Performance - The company's operating revenue for 2019 was ¥450,181,969.11, a decrease of 23.30% compared to ¥586,967,179.08 in 2018[20]. - The net profit attributable to shareholders was ¥48,506,025.14, a significant turnaround from a loss of ¥201,532,789.93 in the previous year, representing a 124.07% improvement[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥17,288,089.71, an improvement of 91.77% from -¥209,942,359.81 in 2018[20]. - The net cash flow from operating activities was ¥7,212,237.11, a 112.62% increase from -¥57,155,522.57 in 2018[20]. - The total profit for the year was CNY 53.06 million, an increase of 125.08% year-on-year, marking a turnaround to profitability[41]. - The revenue from the shading fabric manufacturing sector was CNY 166.98 million, accounting for 37.09% of total revenue, down 40.97% year-on-year[46]. - The revenue from shading products was CNY 283.21 million, representing 62.91% of total revenue, with a decrease of 6.88% year-on-year[46]. - The company maintained a gross margin of 39.63% for shading fabrics, which decreased by 12.03% compared to the previous year[48]. Production and Capacity - The company reported a decline in production capacity and order volume in Q1 2020 due to the pandemic, impacting total revenue for the year[5]. - The company is preparing for potential production resource imbalances in response to diverse customer demands in the fabric production sector[5]. - The company’s production capacity for sunshade fabrics reached 12.5 million square meters annually, with ongoing improvements in production efficiency[36]. - The company is focusing on the development of sunshade fabric R&D, production, and sales after the asset sale[33]. Investments and Assets - The company completed the sale of 84.35% equity in KRS, significantly reducing its operational burden and improving financial conditions[32]. - Fixed assets decreased by 29.79% year-over-year, primarily due to the disposal of properties by subsidiary Zhejiang Saint Tego and the exclusion of KRS from consolidation[34]. - Cash and cash equivalents increased by 44.56% year-over-year, attributed to cash received from sales and asset disposals[35]. - The company reported a total investment of 9,000,000.00 in various subsidiaries, with a focus on long-term growth strategies[68]. Research and Development - The company developed four innovative new polymer composite shading materials during the reporting period, enhancing its competitive edge in the market[29]. - R&D expenses amounted to ¥14,638,303.14, representing 3.25% of operating revenue, an increase from 2.95% in the previous year[57]. - The company plans to continue increasing its patent applications in the field of external shading products, enhancing its intellectual property reserves[56]. - The company has accumulated 94 domestic patents and 48 foreign patents as of December 31, 2019, including 38 invention patents domestically and 26 invention patents internationally[84]. Market and Sales Strategy - The company plans to enhance its international market presence by focusing on local market adaptability and brand influence[42]. - The company focuses on three key factors for international market expansion: product adaptability, growth with local distributors, and brand influence[82]. - The company aims to enhance order response capabilities and support unconventional orders to align with sales demands[83]. - The company is actively adjusting product prices to maintain market share in the sunshade fabric sector[82]. Human Resources and Management - The company faces risks related to human resources, including a tight supply of skilled labor and rising labor costs, which may affect production capacity[5]. - The total number of employees in the company is 739, with 163 in the parent company and 576 in major subsidiaries[167]. - The company emphasizes employee training and has tailored training plans for different positions[170]. - The remuneration policy for directors and senior management is based on company size and economic performance, considering market salary trends[169]. Governance and Compliance - The company has established a governance structure that includes a general meeting of shareholders, a board of directors, a supervisory board, and management[173]. - The company maintained a high level of communication with investors, including a dedicated investor relations section on its official website[178]. - The company achieved a standard unqualified audit opinion for its financial statements for the year ended December 31, 2019[199]. - The company has not experienced any major litigation or arbitration matters during the reporting period[101]. Dividend and Profit Distribution - The company plans to not distribute cash dividends or issue bonus shares for the year[8]. - The company has not distributed cash dividends for the past three years, maintaining a policy of no cash dividends or stock bonuses[88]. - The total distributable profit as of December 31, 2019, was -54.01 million yuan, indicating a negative retained earnings situation[88]. Risks and Challenges - The company relies heavily on exports, particularly to the US, which is expected to see a short-term decrease in order volume due to the foreign pandemic[5]. - The company experienced foreign exchange gains during the reporting period, but remains exposed to significant risks from currency fluctuations[6]. - The company recognizes the competitive landscape in the high-end market for polymer composite sunshade materials, dominated by foreign manufacturers and a few domestic players[79].

Financial Performance - Total revenue for Q1 2020 was ¥49,899,056.75, a decrease of 65.75% compared to ¥145,670,734.18 in the same period last year[8] - Net profit attributable to shareholders was -¥600,905.30, representing a decline of 125.51% from ¥2,355,202.92 year-on-year[8] - Basic and diluted earnings per share were both -¥0.0013, down 126.00% from ¥0.005 in the same period last year[8] - The total profit for the period was 0.3433 million yuan, down 86.20% year-on-year[16] - The net profit attributable to the parent company was -0.6009 million yuan, representing a decline of 125.51% compared to the previous year[16] - The decline in performance was primarily due to the sale of KRS company and the impact of the COVID-19 pandemic, which led to a reduction in orders[16] - The net profit for Q1 2020 was a loss of CNY 669,041.17, compared to a profit of CNY 742,135.31 in Q1 2019, indicating a shift in financial performance[36] - The net profit for Q1 2020 was a loss of ¥728,889.04, compared to a profit of ¥7,249,666.80 in Q1 2019, indicating a significant decline in profitability[40] - The total comprehensive income attributable to the parent company was -¥600,905.30, a sharp decline from ¥2,168,414.22 in the same period last year[40] Cash Flow and Liquidity - Net cash flow from operating activities was -¥19,033,997.53, a significant decrease of 2,309.64% compared to ¥861,406.38 in the previous year[8] - The cash flow from operating activities showed a net outflow of -¥19,033,997.53, compared to a slight inflow of ¥861,406.38 in Q1 2019[44] - The company's total cash and cash equivalents at the end of Q1 2020 were ¥41,698,770.36, down from ¥61,548,126.37 at the beginning of the quarter[45] - Cash outflow from operating activities totaled 114,188,000.76, compared to 73,187,340.30 in the previous period, indicating higher operational costs[47] - The cash inflow from operating activities totaled 98,045,460.93, compared to 82,718,979.22 in the previous period, indicating improved sales performance[47] - The company's cash and cash equivalents at the end of the period amounted to 13,050,140.17, compared to 12,704,446.30 in the previous period, showing a slight increase[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥794,696,479.34, a decrease of 1.86% from ¥809,725,739.53 at the end of the previous year[8] - The total assets as of March 31, 2020, were CNY 927,385,911.77, down from CNY 999,746,774.65 at the end of 2019, reflecting a decline in overall asset base[32] - The total liabilities decreased from 228.59 million yuan to 214.23 million yuan during the same period[28] - Total liabilities decreased to CNY 205,592,899.97 from CNY 277,224,873.81, indicating a reduction in financial obligations[32] - The company's equity attributable to shareholders was CNY 578,667,547.89, slightly down from CNY 579,268,453.19, showing stability in shareholder equity despite losses[31] Operational Changes - Revenue and cost of goods sold decreased by 65.75% and 57.46% respectively, primarily due to the divestiture of KRS company, which is no longer included in the current reporting[14] - The balance of accounts receivable financing decreased by 79.54% compared to the end of the previous year, mainly due to the endorsement transfer of notes receivable[14] - Prepaid expenses increased by 42.89% compared to the end of the previous year, primarily due to increased advance payments for material purchases[14] - Other income decreased by 47.42% year-on-year, mainly due to a reduction in project subsidies received[15] - The company had a total of 19,852 common shareholders at the end of the reporting period[10] - The company had no significant changes in major suppliers or customers during the reporting period[17] - There were no major changes in intangible assets or core competencies reported[17] - The company reported no violations regarding external guarantees during the reporting period[19] Research and Development - The company reported a significant increase in research and development expenses to CNY 1,888,882.41 from CNY 2,256,858.23, highlighting ongoing investment in innovation[35] - Research and development expenses for Q1 2020 were ¥1,888,882.41, a decrease of 16.3% from ¥2,256,858.23 in the previous year[39] Financial Management - The total amount of non-operating fund occupation by major shareholders and related parties was 51.27 million yuan, with 16.35 million yuan repaid during the period[20] - The financial expenses for Q1 2020 were significantly reduced to ¥31,675.40 from ¥1,637,831.65 in Q1 2019[39] - The company incurred sales expenses of ¥923,251.55, down from ¥1,934,596.06 in the previous year, reflecting cost-cutting measures[39] - The company reported a credit impairment loss of ¥4,874,033.45, compared to ¥1,444,035.93 in the same period last year, indicating increased credit risk[40] Audit and Compliance - The company did not undergo an audit for the first quarter report[49] - The company did not apply new revenue and leasing standards for the current period[49]

宁波先锋新材料股份有限公司 2019 年第三季度报告全文 宁波先锋新材料股份有限公司 2019 年第三季度报告 2019 年 10 月 1 宁波先锋新材料股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人卢先锋、主管会计工作负责人杜卫东及会计机构负责人(会计主管人员)杜卫 东声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波先锋新材料股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 855,112,467.39 | | 875,655,773.28 | -2.35% | | 归属于上市公司股东的净资产 （ ...