本公司及其董事会全体人员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 常州天晟新材料股份有限公司（以下简称"公司"）于2023年4月28日在巨潮 资讯网（http://www.cninfo.com.cn/）上披露《2022年年度报告》及《2022年年度 报告摘要》。 为便于广大投资者进一步了解公司2022年年度经营情况，公司定于2023年05 月10日（星期三）下午15:00至17:00时在"天晟新材投资者关系"小程序举行2022 年年度网上业绩说明会。本次网上业绩说明会将采用网络远程的方式举行，投资 者可登陆"天晟新材投资者关系"小程序参与互动交流。为广泛听取投资者的意见 和建议，提前向投资者征集问题，提问通道自发出公告之日起开放。 证券代码：300169 证券简称：天晟新材 公告编号：2023-028 常州天晟新材料股份有限公司 关于举行 2022 年年度网上业绩说明会的通知 参与方式一：在微信小程序中搜索"天晟新材投资者关系"； 常州天晟新材料股份有限公司 董事会 参与方式二：微信扫一扫以下二维码： 投资者依据提示，授权登入"天晟新材投资者关系"小程序，即可参与交流。 出 ...

证券代码：300169 证券简称：天晟新材 编号：2020-002 常州天晟新材料股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|---------------------------------|----------------------------------------------------------------| | | □ 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | 类别 | □ 新闻发布会 路演活动 | | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 新浪财经 V | 路演平台参与人员 | | 人员姓名 | | | | 时间 | 2020 年 2 月 24 日 | 15:30-16:00 | | 地点 | 线上交流 | | | 上市公司接待人 | 董事会秘书、副总裁 | 许冬冬 | | 员姓名 | | | | | 1. 公司及主要子公司的业务介绍。 | | | 投资者关系活动 | | 公司作为全国知名的高分子发泡材料专业生产商，一直致力 ...

证券代码：300169 证券简称：天晟新材 编号：2019-002 常州天晟新材料股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------|----------------------------------------------------| | | 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 | □ 业绩说明会 | | 类别 | □ 新闻发布会 | □ 路演活动 | | | 现场参观 | | | | □ 其他 | | | 参与单位名称及 | 首创证券有限责任公司：刘传品 | | | 人员姓名 | 首创证券有限责任公司：朱庆 | | | 时间 | 2019 年 6 月 28 日 | 下午 13:30-14:40 | | 地点 | 常州市龙锦路 508 | 号公司五楼会议室 | | 上市公司接待人 | 董事会秘书、副总裁 | 许冬冬 | | 员姓名 | | | | 投资者关系活动 | 1 、 公司基本情况介绍 | | | 主要内容介绍 | | 公司一直致力于高分子 ...

Group 1: Company Overview - Tian Sheng New Materials Co., Ltd. focuses on innovation in polymer materials, entering fields such as wind power generation and rail transportation [2] - The company is involved in the development of new materials, including optical adhesive tapes and components for the electronic industry and new energy vehicles [2] Group 2: Joint Ventures and Collaborations - Tian Sheng New Materials established a joint venture with China Railway High-tech Industry Co., Ltd. in January 2018, holding a 45% stake with a registered capital of 90 million yuan [3] - The joint venture specializes in the production of urban rail transit vehicles, which are characterized by low cost, short construction periods, and low noise, making them suitable for urban development [3] Group 3: Market Position and Future Plans - The company plans to expand its focus on core components in the rail transportation sector while maintaining stable profitability across its subsidiaries [4] - Tian Sheng aims to transition from traditional research and manufacturing of new materials to modern intelligent manufacturing and services [4] Group 4: Product Development - The company has developed self-researched polyimide foam insulation materials, filling a gap in the domestic market, with applications in aerospace, new energy vehicles, lithium batteries, and military vessels [5] - The production capacity of polyimide materials is designed to meet customer demand, with ongoing efforts to expand applications in new fields [5] Group 5: Financial Activities - Tian Sheng Securities primarily operates overseas bond issuance projects and has successfully issued multiple overseas debt projects [5]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥289,516,960.29, a decrease of 30.74% compared to ¥418,005,449.77 in the same period last year[29]. - The net profit attributable to shareholders was -¥19,526,569.72, representing a decline of 712.85% from a profit of ¥3,186,193.63 in the previous year[29]. - The net profit after deducting non-recurring gains and losses was -¥20,351,567.20, down 1,023.16% from ¥2,204,553.83 in the same period last year[29]. - The net cash flow from operating activities was ¥25,310,019.69, a decrease of 56.79% compared to ¥58,573,642.83 in the previous year[29]. - Basic earnings per share were -¥0.0599, a decline of 711.22% from ¥0.0098 in the previous year[29]. - The company's revenue for the first half of 2022 was CNY 27,169,465.10, a decrease of 58.60% compared to CNY 65,628,686.41 in the same period of 2021[74]. - The operating profit for the first half of 2022 was -CNY 10,095,501.19, representing a decline of 258.52% from CNY 6,368,676.59 in the previous year[74]. - The net profit for the first half of 2022 was -CNY 10,095,501.19, down 258.53% from CNY 6,368,279.15 in the same period of 2021[74]. - The total comprehensive income for the period was 3,019,938.56 CNY, reflecting a decrease compared to the previous period[161]. Governance and Compliance - The board of directors and management confirmed the accuracy and completeness of the financial report, ensuring no misleading statements or omissions[4]. - The report outlines the company's governance structure, emphasizing transparency and accountability in management practices[4]. - The company did not report any discrepancies between international accounting standards and Chinese accounting standards for net profit and net assets during the reporting period[30]. - The company has established a strict quality control system, ensuring compliance with both national and international standards, particularly in high-end applications[45]. - The company actively fulfills its social responsibilities while creating value for shareholders[90]. - The company and its subsidiaries are not classified as key pollutant discharge units and have not faced any administrative penalties for environmental issues during the reporting period[88]. Research and Development - The company is actively engaged in research and development of new materials, which may impact future product offerings and market positioning[19]. - The company has a dedicated research institute for polymer materials, fostering innovation and technology incubation[39]. - The company focuses on developing rubber foam products and aims to enhance product technology to create high-end products with international standards, improving competitiveness and profitability[41]. - The company is committed to research in polymer foaming technology and aims to maintain market leadership through innovation and collaboration with international enterprises[43]. - The company has allocated 1.1 million for research and development in new technologies[164]. Market and Product Strategy - The company is involved in various subsidiaries and partnerships, indicating a diversified operational structure[18]. - The company is transitioning from a product supplier to a comprehensive solution provider, focusing on integrated production and post-processing to reduce costs and enhance competitiveness[44]. - The company is focusing on the research and development of high-performance membrane materials and industrial adhesive new materials[71]. - The company plans to enhance its risk control system and strengthen talent development to mitigate management risks associated with business expansion[76]. - The company aims to expand its international market presence and strengthen its global brand influence while managing risks related to overseas operations[77]. Financial Position - Total assets at the end of the reporting period were ¥1,535,748,490.42, down 3.33% from ¥1,588,686,186.01 at the end of the previous year[29]. - The net assets attributable to shareholders decreased by 3.63% to ¥436,914,714.77 from ¥453,351,346.46 at the end of the previous year[29]. - The company's total equity decreased from CNY 452,108,032.90 to CNY 435,565,955.33, a decline of approximately 3.0%[141]. - The total liabilities decreased from CNY 1,136,578,153.11 to CNY 1,100,182,535.09, a decline of approximately 3.2%[141]. - The company reported a negative retained earnings of CNY -736,998,792.11 as of June 30, 2022, compared to CNY -717,472,222.39 at the beginning of the year[141]. Shareholder Information - The company reported a total of 16,888 common shareholders at the end of the reporting period[126]. - The largest shareholder, Qingdao Ronghai National Investment Asset Management Co., holds 9.20% of shares, totaling 30,000,000 shares, which are frozen[127]. - The second-largest shareholder, Wu Haizhou, holds 7.80% of shares, totaling 25,423,066 shares, with 19,067,299 shares pledged[127]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[130]. - The company has no significant related party transactions during the reporting period[108]. Future Outlook - Future plans and projections mentioned in the report are not binding commitments, urging investors to maintain a risk-aware perspective[4]. - The company plans to issue up to 95,323,700 shares at a price of 5.56 CNY per share, raising a total of no more than 529.9998 million CNY for working capital[116]. - The company is exploring new strategies for growth, including potential mergers and acquisitions to enhance its market position[161]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[161].

Financial Performance - The company's operating revenue for Q1 2022 was ¥131,600,720.79, a decrease of 28.01% compared to ¥182,812,163.04 in the same period last year[3] - The net profit attributable to shareholders was -¥17,463,773.45, representing a decline of 328.97% from -¥4,071,141.37 year-on-year[3] - The company's operating profit decreased by 221.08%, driven by reduced revenue and increased expenses[6] - Total operating revenue for Q1 2022 was CNY 131.60 million, a decrease of 28.06% compared to CNY 182.81 million in the same period last year[22] - Net loss for Q1 2022 was CNY 16.16 million, compared to a net loss of CNY 4.27 million in Q1 2021, representing an increase in loss of 277.78%[23] - The company's gross profit margin decreased to -17.38% in Q1 2022 from -3.68% in Q1 2021[22] - The total equity attributable to shareholders of the parent company was CNY 435.60 million, down from CNY 453.35 million year-on-year, a decrease of 3.91%[23] Cash Flow - The net cash flow from operating activities decreased by 49.84%, amounting to ¥19,033,019.22 compared to ¥37,947,578.85 in the previous year[3] - Cash received from sales of goods and services in Q1 2022 was CNY 150.15 million, compared to CNY 165.59 million in the previous year[26] - The net cash flow from financing activities was -¥27,368,360.55, compared to -¥5,127,859.07 in Q1 2021, indicating increased cash outflows[28] - The cash inflow from operating activities totaled ¥191,667,440.65, a decrease from ¥216,778,346.22 in the previous year[27] - The net cash flow from investment activities was -¥3,688,757.42, an improvement from -¥9,362,003.86 in Q1 2021[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,531,081,041.02, down 3.63% from ¥1,588,686,186.01 at the end of the previous year[3] - The company reported a total current liabilities of 1,021,873,450.41 CNY, down from 1,047,156,540.43 CNY, showing a reduction of approximately 2.4%[19] - The total liabilities as of the end of Q1 2022 were CNY 1,095.42 million, a decrease of 3.63% from CNY 1,136.58 million at the end of the previous year[23] - The company's total liabilities decreased to 1,037,902,783.74 CNY from 1,063,185,873.76 CNY, indicating a reduction of about 2.4%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,592[9] - The top shareholder, Qingdao Ronghai National Investment Management Co., Ltd., held 9.20% of the shares, totaling 30,000,000 shares[9] - The company has signed a voting rights entrustment agreement, allowing a third party to exercise voting rights for 25,423,066 shares, representing 7.80% of the total share capital[14] Investment and Expenses - The company's investment income increased by 392.53%, attributed to higher equity method investment income from joint ventures[6] - Research and development expenses for Q1 2022 were CNY 4.16 million, a decrease of 12.66% from CNY 4.76 million in the previous year[23] - The company paid ¥221,024,675.23 in debt repayments during Q1 2022, compared to ¥243,764,280.34 in the previous year[28] - The cash outflow for purchasing goods and services was ¥107,137,947.07, down from ¥116,236,554.52 in Q1 2021[27]

Financial Performance - The company reported a loss for the year, primarily due to intensified market competition, resulting in decreased sales volume and prices, alongside rising raw material and energy costs, which compressed gross margins [4]. - The company recognized credit impairment losses of CNY 39.15 million, goodwill impairment losses of CNY 28.71 million, intangible asset impairment losses of CNY 18.35 million, and inventory write-down losses of CNY 27.62 million [4]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a growth of 15% year-over-year [19]. - The company's operating revenue for 2021 was ¥761,001,952.17, a decrease of 14.83% compared to ¥893,503,343.74 in 2020 [23]. - The net profit attributable to shareholders was -¥164,090,770.94, an improvement of 42.36% from -¥284,696,789.06 in the previous year [23]. - The net cash flow from operating activities was -¥24,966,307.47, a significant decline of 379.72% compared to -¥5,204,347.46 in 2020 [23]. - The total assets at the end of 2021 were ¥1,588,686,186.01, down 8.14% from ¥1,729,466,473.59 at the end of 2020 [23]. - The net assets attributable to shareholders decreased by 26.76% to ¥453,351,346.46 from ¥619,022,209.27 in 2020 [23]. - The company reported a basic earnings per share of -¥0.50, improving by 42.53% from -¥0.87 in 2020 [23]. - Total revenue for 2021 was ¥761,001,952.17, a decrease of 14.83% compared to ¥893,503,343.74 in 2020 [55]. - Manufacturing revenue accounted for ¥742,588,977.34, representing 97.58% of total revenue, down 14.68% year-over-year [55]. - Revenue from foam materials and applications was ¥638,087,097.24, making up 83.85% of total revenue, a decline of 13.29% from the previous year [55]. - Domestic sales reached ¥690,036,642.52, which is 90.67% of total revenue, down 14.19% year-over-year [55]. - The company reported a significant increase in other business revenue, which rose by 103.41% year-over-year, primarily due to policy impacts [58]. - The company’s foreign sales were ¥70,965,309.65, representing 9.33% of total revenue, a decrease of 20.61% compared to the previous year [55]. Strategic Initiatives - The company plans to issue shares to specific investors, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [6]. - The company does not plan to distribute cash dividends, issue bonus shares, or convert reserves into share capital [7]. - The company anticipates that new products will gain market recognition, which is expected to enhance sales performance and profitability [4]. - New product development efforts have led to the introduction of three innovative materials, expected to capture a 5% market share in the next two years [19]. - The company is expanding its market presence, targeting an increase in sales in Southeast Asia, aiming for a 30% growth in that region [19]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 25% and reduce operational costs by 10% [19]. - The company plans to focus on the development of rubber foam products and aims to enhance product technology content to improve competitiveness and profitability [35]. - The company is committed to developing high-end products with international advanced levels in the polymer foam materials industry [35]. - The company aims to enhance its market share and profitability by increasing the development of mid-to-high-end rubber and plastic new products [93]. - The company is expanding its product offerings in post-processing products, targeting industries such as home appliances, automotive parts, and new energy vehicles, aiming to provide one-stop solutions to increase customer loyalty and market share [94]. Research and Development - The company has invested 50 million CNY in R&D for new technologies, focusing on sustainable materials and production processes [19]. - The company focuses on polymer foaming technology research to maintain technological leadership and develop alternative markets and new applications [37]. - New product developments include UV anti-adhesive tape and EMI electromagnetic shielding materials, both in small batch trial production stages, aimed at enhancing product competitiveness [66]. - The company is expanding its product line with new acoustic materials and sound barriers, currently in trial production, to improve market competitiveness [67]. - The R&D team saw a significant shift in age demographics, with a 35.29% increase in personnel under 30 years old [68]. - R&D investment amounted to ¥15,759,559.32 in 2021, representing 2.07% of operating revenue, up from 1.98% in 2020 [68]. Market and Industry Position - The company operates in an industry without overcapacity, sustained decline, or technological substitution issues [4]. - The structural foam materials market is primarily dominated by PVC and PET, with PVC being the most widely used due to its mature applications [35]. - The market for rail transportation is expected to grow significantly, driven by urbanization and green transportation policies, providing substantial opportunities for the company [40]. - The company aims to increase its market share in the transportation infrastructure sector, particularly in sound barrier products, by leveraging its technological and industrial advantages [95]. Governance and Compliance - The company has established a sound internal control system to enhance governance levels [105]. - The company strictly adheres to information disclosure regulations, providing timely and accurate information to all shareholders [106]. - The company respects the rights of stakeholders and promotes balanced interests among shareholders, employees, and society [107]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements [106]. - The company operates independently from its major shareholders, with no competition in business and a complete R&D, production, and sales system [108]. - The company has independent financial and auditing departments, maintaining separate bank accounts and fulfilling tax obligations independently [109]. - The company has established a KPI performance evaluation system for senior management, ensuring transparency and compliance with legal regulations [106]. Risk Management - The company faces risks related to the loss of core technical personnel, which could impact its competitive position in the polymer foaming industry, and is implementing measures to retain talent [98]. - The company is expanding its international market presence, which involves risks related to geopolitical factors and local regulations, and is enhancing its management of overseas operations [100]. - The company is enhancing its risk control systems to adapt to the challenges posed by its expanding operational scale and to ensure stable and healthy growth [99]. Employee and Management Structure - The total number of employees at the end of the reporting period is 746, with 97 in the parent company and 649 in major subsidiaries [135]. - The employee composition includes 510 production personnel, 60 sales personnel, 35 technical personnel, 28 financial personnel, 37 administrative personnel, 15 human resources personnel, 32 management personnel, and 29 others [135]. - The company has a total of 480 employees with education below college level, while there are 1 PhD, 21 Master's, 137 Bachelor's, and 107 Associate's degree holders [136]. - The company’s management team includes individuals with extensive experience in finance and technology sectors [120]. - The average age of the current board members is approximately 48 years, indicating a blend of experience and youthful leadership [114]. Financial Transactions and Shareholder Relations - The company plans to issue up to 95,323,700 shares at a price of 5.56 RMB per share, aiming to raise a total of 52,999,980 RMB for working capital [194]. - The company has no significant related party transactions or financial dealings with related financial companies during the reporting period [182][183]. - The company has committed to ensuring that its subsidiaries will not suffer losses due to tax payment responsibilities [166]. - The company has not reported any major events or violations regarding the provision of guarantees during the reporting period [191]. - The company has established a framework to ensure that any competitive business activities are ceased or transferred to unrelated third parties to avoid conflicts [164].

Financial Performance - The company's operating revenue for the third quarter was ¥182,731,981.01, a decrease of 35.38% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥198,569.21, down 98.54% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was -¥361,817.74, a decline of 104.90% compared to the previous year[3]. - Total operating revenue for the third quarter was CNY 600,737,430.78, a decrease of 13.6% compared to CNY 695,703,483.93 in the same period last year[24]. - The net profit for the period was CNY 3,061,637.13, a decline of 27.1% from CNY 4,199,658.27 in the previous year[25]. - The basic earnings per share decreased to CNY 0.0104 from CNY 0.0154 in the same quarter last year[26]. - The company reported a decrease in other income to CNY 2,015,441.54 from CNY 4,722,336.49 year-on-year[25]. - The total comprehensive income for the period was CNY 2,669,452.33, compared to CNY 2,535,117.63 in the previous year[26]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,766,615,524.76, an increase of 2.15% from the end of the previous year[3]. - The company's total assets amount to 1,766,615,524.76 CNY, an increase from 1,729,466,473.59 CNY in the previous period[21]. - Current assets total 1,174,690,012.96 CNY, compared to 1,137,722,299.79 CNY previously, reflecting a growth of approximately 3.1%[20]. - The company's total liabilities stand at 1,145,818,172.43 CNY, up from 1,111,315,313.24 CNY, indicating an increase of about 3.1%[21]. - The total liabilities stood at ¥1,111,315,313.24 in Q3 2021, compared to ¥1,112,407,141.08 at the start of the year, indicating a slight reduction in leverage[34]. Cash Flow - The cash flow from operating activities for the year-to-date increased by 220.88% to ¥49,992,161.62[12]. - The net cash flow from financing activities increased by 132.73% year-to-date, due to an increase in cash received from borrowings[12]. - Cash inflow from operating activities was CNY 667,480,096.78, compared to CNY 757,712,178.92 in the previous year[27]. - The net cash flow from operating activities for Q3 2021 was ¥49,992,161.62, a significant improvement compared to a net outflow of ¥41,356,378.97 in Q3 2020, indicating a turnaround in operational efficiency[29]. - Total cash and cash equivalents at the end of Q3 2021 amounted to ¥94,240,146.81, up from ¥87,971,510.96 at the end of Q3 2020, reflecting a net increase of ¥39,683,810.43[30]. - The net cash flow from investing activities was negative at -¥35,988,055.57 for Q3 2021, compared to -¥12,254,053.75 in the same period last year, indicating increased investment outflows[29]. - Cash inflows from financing activities totaled ¥512,882,000.00 in Q3 2021, a substantial increase from ¥291,750,000.00 in Q3 2020, highlighting enhanced financing efforts[30]. Shareholder Information - The company's total equity attributable to shareholders was ¥621,991,526.96, a slight increase of 0.48% compared to the previous year[4]. - The total equity attributable to shareholders of the parent company was CNY 621,991,526.96, slightly up from CNY 619,022,209.27[22]. - The total number of common shareholders at the end of the reporting period is 12,491[14]. - The top shareholder, Qingdao Ronghai Guo Investment Management Co., Ltd., holds 9.20% of shares, totaling 30,000,000 shares[14]. - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest individual shareholder holding 7.80%[14]. - The company has a total of 25,971,833 shares under lock-up due to executive restrictions[17]. Expenses - The company's sales expenses decreased by 37.22% year-to-date, primarily due to a reclassification of freight costs to operating costs[9]. - Research and development expenses were CNY 11,637,774.53, up 14.4% from CNY 10,171,251.07 year-on-year[24]. - The company's operating profit year-to-date increased by 99.69%, driven by improved gross margins and reduced expenses[11]. General Information - The third quarter report of Changzhou Tiansheng New Materials Co., Ltd. is unaudited[36]. - The report was released on October 28, 2021[36]. - The company’s performance summary and user data were not provided in the document[36]. - Future outlook and performance guidance details were not included in the report[36]. - Information regarding new product and technology development was not mentioned[36]. - Market expansion and acquisition strategies were not discussed in the document[36]. - Other new strategies were not outlined in the report[36]. - Specific financial figures and percentages were not available in the content[36]. - The document does not contain any comparative data or metrics[36]. - Overall, the report lacks detailed financial insights and projections[36].

Financial Performance - The company's operating revenue for the reporting period was ¥418,005,449.77, representing a 1.23% increase compared to ¥412,933,386.91 in the same period last year[25]. - The net profit attributable to shareholders of the listed company was ¥3,186,193.63, a significant turnaround from a loss of ¥8,578,492.38, marking a 137.14% improvement[25]. - The net profit after deducting non-recurring gains and losses was ¥2,204,553.83, compared to a loss of ¥15,928,768.67 in the previous year, reflecting a 113.84% increase[25]. - The net cash flow from operating activities was ¥58,573,642.83, a substantial increase of 405.25% from a negative cash flow of ¥19,188,505.59 in the same period last year[25]. - Basic earnings per share improved to ¥0.0098 from a loss of ¥0.0263, representing a 137.26% increase[25]. - The company's revenue for the reporting period was approximately CNY 418 million, representing a 1.23% increase compared to the previous year[44]. - The company reported a net profit of RMB 65.63 million, reflecting a growth of 46% year-on-year[63]. - The overall gross margin for the first half of 2021 was reported at 63.57%, showcasing effective cost management strategies[63]. Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no false statements or omissions[4]. - All directors attended the board meeting to review the report, indicating strong governance practices[5]. - The financial report includes a statement from the responsible personnel affirming the authenticity of the financial data presented[4]. - The company strictly adheres to relevant laws and regulations, ensuring timely and accurate information disclosure[87]. - There were no significant safety incidents reported during the reporting period[88]. - The company has established a comprehensive safety management system, emphasizing the principle of "whoever's business is responsible for safety"[88]. - The half-year financial report has not been audited[93]. - The company did not experience any major litigation or arbitration matters during the reporting period[96]. Strategic Initiatives - The company is currently evaluating the feasibility of a non-public stock issuance, with significant uncertainties regarding approval and registration timelines[5]. - Future plans or projections mentioned in the report do not constitute a commitment to investors, highlighting the associated risks[5]. - The company aims to enhance its product offerings in rubber foaming products and develop high-end products with international advanced levels to improve competitiveness and profitability[37]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its product lines[65]. - The company plans to expand its market presence by developing new products, including eco-friendly sound barriers and new building materials[64]. Research and Development - The company is focused on innovation through collaboration with top research institutions, enhancing its R&D capabilities[35]. - The company’s R&D investment increased by 43.77% to approximately CNY 7.42 million, reflecting a commitment to innovation and new product development[44]. - The company specializes in the research, production, and sales of high-performance membrane materials and various composite materials[178]. - The company has established a robust R&D mechanism and continues to invest in R&D to ensure ongoing technological innovation capabilities[76]. Market Position and Products - The company is a leading manufacturer of polymer foam materials, focusing on research, development, production, and sales, with a strong market position in soft and structural foam materials[32]. - The company has established long-term partnerships with well-known domestic and international clients, enhancing its market coverage[32]. - The Strucell series of structural foam materials has successfully entered new sectors such as wind power generation and rail transportation, filling a domestic market gap[32]. - The company has a comprehensive product range, including PE, EVA, SBR, and CR foam materials, catering to various applications[33]. - The structural foam materials market is dominated by PVC and PET, with PVC being the most widely used due to its mature applications[38]. Financial Position - Total assets at the end of the reporting period were ¥1,732,144,782.68, a slight increase of 0.15% from ¥1,729,466,473.59 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were ¥621,507,807.11, up 0.40% from ¥619,022,209.27 at the end of the previous year[25]. - The company's total liabilities were CNY 1,111,742,105.69, remaining relatively stable compared to CNY 1,111,315,313.24 at the end of 2020[140]. - The total current assets increased to CNY 1,146,649,051.37 from CNY 1,137,722,299.79 at the end of 2020, indicating a growth of approximately 0.8%[139]. - The company's equity attributable to shareholders was CNY 621,507,807.11, slightly up from CNY 619,022,209.27 at the end of 2020[141]. Risks and Challenges - Future plans or projections mentioned in the report do not constitute a commitment to investors, highlighting the associated risks[5]. - The company faced risks related to the loss of core technical personnel, which could impact its competitive advantage in the polymer foaming industry[74]. - The company is expanding its international market presence, which is a key strategic goal, but faces risks from geopolitical factors and local regulations[76]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 10,867[123]. - The largest shareholder, Qingdao Ronghai Guotou Asset Management Co., Ltd., holds 30,000,000 shares, representing 9.20% of total shares[124]. - Wu Haizhou, a significant shareholder, holds 25,423,066 shares, accounting for 7.80% of total shares, with 19,067,299 shares under lock-up[124]. - The total number of restricted shares at the beginning of the period was 57,538,574, with 31,566,741 shares released during the period[121].

Financial Performance - The company's revenue for Q1 2021 was ¥182,812,163.04, representing a 31.61% increase compared to ¥138,908,035.79 in the same period last year[8] - The net profit attributable to shareholders was -¥4,071,141.37, an improvement of 75.29% from -¥16,473,033.67 year-on-year[8] - The basic earnings per share improved to -¥0.0125, a 75.25% increase from -¥0.0505 in the same period last year[8] - Operating profit improved by 69.53% year-on-year, amounting to -6.72 million yuan, driven by increased gross profit and reduced expenses[19] - The net loss for the first quarter was CNY 4,270,379.99, an improvement from a net loss of CNY 17,028,512.04 in the previous year[45] - Net profit for the quarter was a loss of CNY 6,449,179.36, improving from a loss of CNY 11,123,426.23 in the previous year[49] Cash Flow - The net cash flow from operating activities was ¥37,947,578.85, a significant increase of 165.84% compared to -¥57,633,401.26 in the previous year[8] - The net cash flow from operating activities was -24,610,157.07 yuan, a significant decrease compared to the previous period's 19,295,072.83 yuan[55] - Cash inflow from operating activities totaled 40,332,021.13 yuan, down 62.1% from 106,437,289.47 yuan in the prior period[55] - Cash outflow from operating activities increased to 64,942,178.20 yuan, compared to 87,142,216.64 yuan in the previous period[55] - The net cash flow from financing activities was 2,873,692.55 yuan, a decrease of 36.5% compared to 4,530,642.95 yuan in the prior period[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,719,354,694.96, a decrease of 0.58% from ¥1,729,466,473.59 at the end of the previous year[8] - The total liabilities increased to CNY 1,091,243,611.23 from CNY 1,027,138,391.93, representing a rise of approximately 6.2%[41] - The company's total assets as of March 31, 2021, amounted to CNY 2,104,380,209.50, up from CNY 2,046,724,169.56 at the end of 2020[41] - The company's total current liabilities decreased slightly to approximately 1.08 billion yuan from 1.09 billion yuan[37] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,286[11] - The largest shareholder, Qingdao Ronghai Guotou Investment Management Co., Ltd., held 9.20% of the shares, amounting to 30,000,000 shares[11] - The total equity attributable to shareholders of the parent company was CNY 615,461,442.59, down from CNY 619,022,209.27, reflecting a decrease of about 0.9%[40] Research and Development - Research and development expenses surged by 125.86% year-on-year, reflecting a significant increase in R&D investment[18] - The company reported a research and development expense of CNY 4,762,187.39, which is significantly higher than CNY 2,108,453.80 in the previous year, marking an increase of approximately 126.0%[44] Operational Challenges and Strategies - The company is at risk of losing core technical personnel, which could impact its competitive position in the polymer foaming industry[22] - The company plans to enhance product quality and cost control to improve market competitiveness and expand market share[21] - The company aims to accelerate its international expansion, leveraging overseas investments to enhance its technological and market position[23] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥504,279.84 for the period[9] - The company faced a 60.67% decrease in notes receivable at the end of the reporting period, mainly due to the maturity of receivables[18] - The company experienced a 60.99% decline in other income, primarily due to a reduction in government subsidies[18] - The company established a wholly-owned subsidiary, Jiangsu Meilisheng New Materials Co., Ltd., with a registered capital of 50 million yuan[24]