证券代码：300169 证券简称：天晟新材 公告编号：2023-055 常州天晟新材料集团股份有限公司 股票交易严重异常波动公告 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。 特别提示： 近期有投资者通过互动易平台或投资者电话对常州天晟新材料集团股份有 限公司（以下简称"公司"）（证券简称：天晟新材，证券代码：300169）全资 子公司天晟证券有限公司以及公司产品是否包含超导材料及石墨烯材料业务领 域十分关注，现就相关情况进行说明： 1、公司全资子公司天晟证券有限公司是一家在香港成立的证券公司，在监 管机构许可的范围内开展业务，包括证券交易及发行债券等业务，公司于2016 年9月通过现金收购方式取得其100%股权。 3、近期公司经营情况及内外部经营环境未发生重大变化； 4、经核查，公司持股百分之五以上的股东及其一致行动人不存在关于公司 的应披露而未披露的重大事项，也不存在处于筹划阶段的重大事项； 5、经核查，公司持股百分之五以上的股东及其一致行动人在本公司股票交 易严重异常波动期间（2023年7月28日、7月31日、8月1日、8月2日、8月3日、8 月4日、 ...

Financial Performance - The company reported a loss for the year, primarily due to intensified market competition, resulting in decreased sales volume and prices, alongside high raw material costs, leading to a decline in gross profit margin [3]. - Financial expenses increased throughout the year, with interest expenses amounting to RMB 41.81 million, indicating a heavy financial burden [3]. - The company recognized impairment losses on various assets, totaling RMB 49.4 million for credit impairment, RMB 4.83 million for fixed asset impairment, and RMB 5.173 million for inventory write-downs [3]. - The company's operating revenue for 2022 was ¥584,659,616.50, a decrease of 23.17% compared to ¥761,001,952.17 in 2021 [31]. - The net profit attributable to shareholders was -¥187,721,964.07 in 2022, reflecting a decline of 14.40% from -¥164,090,770.94 in 2021 [31]. - The cash flow from operating activities improved significantly, with a net amount of -¥9,300,068.48 in 2022, an increase of 62.75% compared to -¥24,966,307.47 in 2021 [31]. - The total assets at the end of 2022 were ¥1,364,108,240.85, down 14.14% from ¥1,588,686,186.01 at the end of 2021 [31]. - The net assets attributable to shareholders decreased by 40.27% to ¥270,807,932.48 at the end of 2022 from ¥453,351,346.46 at the end of 2021 [31]. - The basic earnings per share for 2022 was -¥0.58, a decrease of 16.00% from -¥0.50 in 2021 [31]. - The company reported a total of ¥5,140,238.93 in non-recurring gains and losses for 2022, compared to ¥2,088,015.53 in 2021 [39]. Business Strategy and Outlook - The company plans to enhance sales performance and profit margins once new products reach mass production [3]. - The company has set a future outlook with a revenue target of 1.5 billion RMB for 2023, indicating a projected growth rate of 25% [26]. - New product development includes the launch of a high-performance composite material, expected to contribute an additional 200 million RMB in revenue [26]. - The company is expanding its market presence, targeting new regions in Southeast Asia, aiming for a 10% market share by 2025 [26]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 30% [26]. - The company is investing 100 million RMB in R&D for innovative materials and technologies over the next two years [26]. - The company plans to enhance its supply chain efficiency, aiming to reduce lead times by 15% by the end of 2023 [26]. - The company aims to enhance its market share and profitability by providing "one-stop solutions" and transitioning from a product supplier to a comprehensive solution provider [105]. Market and Competitive Position - The company's core business and competitive advantages have not experienced significant adverse changes and are generally in line with industry trends [3]. - User data indicates a growing customer base, with an increase of 20% in active users compared to the previous year [26]. - The company is a leading manufacturer of polymer materials, focusing on the research, development, production, and sales of high-performance polymer materials, particularly in soft and structural foam materials [42]. - The soft foam materials market is expected to grow, with applications in sports, automotive, and electronics, and the company aims to enhance its market share by developing mid-to-high-end rubber and plastic products [43]. - The structural foam materials market is dominated by PVC and PET, with the company leveraging local production advantages to maintain a leading position in the domestic market [44]. - The company has established long-term partnerships with well-known domestic and international clients, enhancing its market presence [55]. Research and Development - The company holds a total of 4 invention patents for soft foam materials and 9 invention patents along with 10 utility model patents for structural foam materials, showcasing its strong R&D capabilities [49]. - The company has achieved significant progress in the development of new products, particularly in structural foam materials for wind power, rail transportation, and energy-efficient buildings [55]. - The company has a dedicated R&D model, collaborating with Jiangsu Zhongke Polymer New Materials Research Institute to foster innovation [58]. - The company’s R&D investment in 2022 amounted to ¥12,588,832.38, representing 2.15% of operating revenue, an increase from 2.07% in 2021 [79]. - The company has filed for several utility model patents, indicating a focus on innovation and product development in the noise control industry [78]. Environmental and Sustainability Initiatives - A new sustainability initiative has been launched, targeting a 50% reduction in carbon emissions by 2025 [26]. - The management team emphasized a focus on sustainability initiatives, targeting a 30% reduction in carbon emissions by 2025 [128]. - The company has committed to enhancing its environmental management practices in line with national regulations [154]. Governance and Management - The board of directors consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements [114]. - The company operates independently from any shareholders holding more than 5%, with no competition in business and a complete R&D, production, and sales system [116]. - The company has a dedicated board secretary responsible for information disclosure, ensuring timely and accurate communication with investors [114]. - The company has established a KPI performance evaluation system for senior management, ensuring transparency and compliance with legal regulations [116]. - The company has maintained a stable management structure with no significant changes in senior management roles reported [121]. Employee and Labor Relations - The total number of employees at the end of the reporting period is 720, with 81 in the parent company and 639 in major subsidiaries [139]. - Employee training is emphasized as a means to enhance skills and management capabilities, with a focus on developing a talent pool aligned with the company's values and strategic goals [142]. - The company continuously improves its compensation policy to ensure internal fairness and external competitiveness, adjusting based on market conditions and employee performance [141]. Risk Management - The company is actively monitoring potential risks in its operations and has outlined corresponding countermeasures in its future development outlook [7]. - The company faces risks related to the potential loss of core technical personnel, which could impact its competitive position in the polymer foaming industry [109]. - The company is expanding its international market presence, which involves risks associated with geopolitical factors and local regulations [109]. - The company has established a robust management system to mitigate risks associated with expanding its operational scale [108]. Related Party Transactions and Compliance - The company has committed to minimizing related party transactions and ensuring fair market practices [163]. - The company has made commitments regarding non-competition and related party transactions to protect shareholder interests [162]. - The company has fulfilled all commitments made by actual controllers and shareholders during the reporting period [161]. - The company reported an associated transaction amount of 189.44 million yuan, which is within the approved limit of 500 million yuan for the year 2022 [176].

Financial Performance - The company's revenue for Q1 2023 was ¥105,487,175.26, a decrease of 19.84% compared to ¥131,600,720.79 in the same period last year[5] - The net loss attributable to shareholders was ¥13,978,180.53, an improvement of 19.96% from a loss of ¥17,463,773.45 in the previous year[5] - Total operating revenue for Q1 2023 was ¥105,487,175.26, a decrease of 19.83% compared to ¥131,600,720.79 in Q1 2022[22] - The operating profit for Q1 2023 was -¥19,094,375.16, an improvement from -¥21,580,619.36 in Q1 2022[23] - Net profit for Q1 2023 was -¥14,190,754.57, compared to -¥16,157,882.40 in Q1 2022, indicating a reduced loss[23] - The company's basic and diluted earnings per share improved to -¥0.0429 from -¥0.0536, reflecting a 19.96% increase[5] - The total comprehensive income attributable to the parent company was -14,664,251.78 CNY, compared to -17,755,634.80 CNY in the previous period[24] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 65.56%, from ¥19,033,019.22 to ¥6,555,714.18[5] - Cash inflows from operating activities totaled 142,329,909.09 CNY, down from 191,667,440.65 CNY in the previous period[27] - The net cash flow from investing activities was -13,193,061.16 CNY, worsening from -3,688,757.42 CNY in the previous period[27] - The net cash flow from financing activities was -13,843,511.57 CNY, compared to -27,368,360.55 CNY in the previous period, indicating a reduction in cash outflow[27] - The ending cash and cash equivalents balance was 49,325,128.23 CNY, down from 95,970,480.99 CNY in the previous period[28] - The company's cash and cash equivalents net increase decreased by 67.58% compared to the previous year[9] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,312,061,468.24, down 3.82% from ¥1,364,108,240.85 at the end of the previous year[5] - Total liabilities decreased to ¥1,057,454,247.33 from ¥1,094,624,194.12, a reduction of 3.4%[21] - The company's equity attributable to shareholders decreased to ¥256,143,680.70 from ¥270,807,932.48, a decline of 5.4%[21] Operational Efficiency - The company's operating costs decreased by 19.01%, correlating with the decline in sales[8] - Total operating costs for Q1 2023 were ¥125,137,322.86, down 18.83% from ¥154,179,192.09 in the same period last year[23] - Accounts receivable decreased to ¥546,802,483.09 from ¥572,195,670.75, a reduction of 4.4%[20] - Inventory remained relatively stable at ¥113,638,660.60, slightly down from ¥113,736,702.95[20] Shareholder Information - 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 approximately 529.99 million RMB for working capital[14] - As of March 31, 2023, the company reported a total of 24,248,558 restricted shares held by executives, which are locked for 75% during their tenure[13] - The top ten unrestricted shareholders include Qingdao Ronghai Investment Management Co., holding 30 million shares, and Sun Jian, holding 13.05 million shares[12] - The company has a significant shareholder structure with a potential change in control to 聚诚智能, which would hold 28.66% of the voting rights post-transaction[15] - The company has not reported any other known relationships or concerted actions among shareholders beyond those mentioned[12] Legal and Regulatory Matters - The company is involved in a patent infringement lawsuit against multiple entities, with the case accepted by the Shandong Province Qingdao Intermediate People's Court on March 22, 2023[17] - The company terminated its plan for a private placement of shares on March 13, 2023, which was initially approved in 2022[16] Future Outlook - The company's stock issuance plan was aimed at enhancing liquidity and supporting operational needs[14] - The company has not disclosed any new product developments or market expansion strategies in the current report[12]

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]

Group 1: Financial Performance and Strategies - The company plans to focus on core business to improve performance, enhance product quality, and increase revenue to reverse losses [1] - Measures include seeking new related business growth and expanding into new business areas to achieve new sales revenue and profit growth [1] - The company aims to reduce financial costs by increasing equity financing and decreasing debt financing, effectively lowering capital costs and enhancing profits [3][5] Group 2: Stock Issuance and Debt Management - The company is preparing to issue stocks to specific investors, with the organization of application materials progressing steadily [3][8] - The company has a total receivables of 650 million, accounting for 41% of total assets, and is focused on strengthening receivables management to mitigate bad debt risks [5][7] Group 3: Market Conditions and Challenges - The decline in revenue and net profit in Q1 2022 is primarily attributed to a wholly-owned subsidiary, which faced decreased market demand and pandemic impacts [2][4] - The company’s short-term debt repayment capability is stable, with no overdue debt risks reported [4][6] - The pandemic has significantly impacted operations in certain regions, particularly in East China, affecting order volumes [4][6] Group 4: Product and Market Insights - The company’s structural foam materials are widely used in wind power, rail transportation, shipbuilding, aerospace, and energy-efficient construction [5][6] - The company has products applicable to the new energy vehicle sector, focusing on developing and promoting new materials for this market [6][7] - The market share of soft foam materials is significant, with some products holding a competitive advantage [7]

[Key Financial Data](index=2&type=section&id=I.%20Key%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=2&type=section&id=(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company experienced a significant decline in operating performance during the first three quarters of 2022, with revenue decreasing and net profit turning to a substantial loss Key Accounting Data and Financial Indicators (Year-to-Date) | Indicator | Year-to-Date | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue (RMB) | 437,219,675.86 | -27.22% | | Net Profit Attributable to Shareholders (RMB) | -36,564,532.66 | -1,180.27% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items (RMB) | -37,739,585.96 | -2,148.02% | | Net Cash Flow from Operating Activities (RMB) | 33,779,360.54 | -32.43% | | Basic Earnings Per Share (RMB/share) | -0.1122 | -1,178.85% | | Total Assets (RMB) | 1,517,897,127.17 | -4.46% (vs. end of prior year) | | Shareholders' Equity Attributable to Parent Company (RMB) | 423,386,478.29 | -6.61% (vs. end of prior year) | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=(II)%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Year-to-date non-recurring gains and losses totaled 1.18 million RMB, mainly from government subsidies, with the core business facing significant pressure Non-Recurring Gains and Losses Items and Amounts (Year-to-Date) | Item (Year-to-Date Amount) | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -279,740.82 | | Government Grants Recognized in Current Profit/Loss | 1,920,162.73 | | Other Non-Operating Income and Expenses | -120,007.15 | | Less: Income Tax and Minority Interest Impact | 345,361.46 | | **Total** | **1,175,053.30** | [Analysis of Major Financial Indicator Changes](index=3&type=section&id=(III)%20Analysis%20of%20Major%20Accounting%20Data%20and%20Financial%20Indicator%20Changes%20and%20Reasons) The company's financial indicators fluctuated significantly, driven by increased project investments, a sharp decline in operating profit, and reduced cash flows from operating and financing activities [Analysis of Balance Sheet Item Changes](index=3&type=section&id=(I)%20Significant%20Changes%20and%20Reasons%20for%20Balance%20Sheet%20Items) Significant balance sheet changes reflect increased investment in construction in progress and other non-current assets, funded by higher long-term borrowings, while financial assets held for trading decreased - **Construction in progress** increased by **441.28%** from the beginning to the end of the reporting period, primarily due to new equipment installation and plant projects[9](index=9&type=chunk) - **Other non-current assets** increased by **306.92%** from the beginning to the end of the reporting period, mainly due to increased prepaid equipment expenses[9](index=9&type=chunk) - **Long-term borrowings** increased by **170.74%** from the beginning to the end of the reporting period, primarily due to new long-term loans[9](index=9&type=chunk) - **Financial assets held for trading** decreased by **3.22 million RMB** from the beginning to the end of the reporting period, mainly due to the redemption of matured wealth management products[9](index=9&type=chunk) [Analysis of Income Statement Item Changes](index=3&type=section&id=(II)%20Significant%20Changes%20and%20Reasons%20for%20Income%20Statement%20Items) Income statement items fluctuated sharply year-to-date, driven by a significant decline in operating profit due to revenue, cost, and expense changes, alongside substantial shifts in non-operating income and expenses - **Operating profit** decreased by **123,641.53%** year-on-year from the beginning to the end of the reporting period, primarily due to the combined changes in revenue, costs, and expenses[9](index=9&type=chunk) - **Non-operating income** decreased by **93.02%** year-on-year from the beginning to the end of the reporting period, primarily due to compensation received in the prior year[9](index=9&type=chunk) - **Non-operating expenses** increased by **221.34%** year-on-year from the beginning to the end of the reporting period, primarily due to an increase in non-operating expenditure items[9](index=9&type=chunk) [Analysis of Cash Flow Statement Item Changes](index=3&type=section&id=(III)%20Significant%20Changes%20and%20Reasons%20for%20Cash%20Flow%20Statement%20Items) The company's cash flow tightened year-to-date, with net cash from operating activities decreasing, financing activities turning negative due to reduced borrowings, and a significant overall decline in cash and cash equivalents - **Net cash flow from operating activities** decreased by **32.43%** year-on-year, primarily due to reduced cash inflows from operations[9](index=9&type=chunk) - **Net cash flow from financing activities** decreased by **274.60%** year-on-year, primarily due to reduced cash received from borrowings[9](index=9&type=chunk) - **Net increase in cash and cash equivalents** decreased by **153.49%** year-on-year, primarily due to reduced net cash flows from operating and financing activities[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Shareholder%20Information) [Common Shareholder Holdings](index=4&type=section&id=(I)%20Total%20Common%20Shareholders%2C%20Number%20of%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholder%20Holdings%20Table) As of the reporting period, the company had 14,384 common shareholders, with the top two holding significant stakes, notably with shares frozen or pledged, and one identified as a party acting in concert - Total common shareholders at the end of the reporting period were **14,384**[10](index=10&type=chunk) Top Ten Shareholder Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Share Status | | :--- | :--- | :--- | :--- | | Qingdao Ronghai State-owned Investment Asset Management Co., Ltd. | State-owned Legal Person | 9.20% | Frozen | | Wu Haizhou | Domestic Natural Person | 7.80% | Pledged | | Sun Jian | Domestic Natural Person | 4.00% | - | | Lu Ze-wei | Domestic Natural Person | 3.81% | - | - The largest shareholder, Qingdao Ronghai State-owned Investment Asset Management Co., Ltd., and Changsha Yinghai Private Equity Fund Management Partnership (Limited Partnership) are **parties acting in concert**[10](index=10&type=chunk) [Changes in Restricted Shares](index=5&type=section&id=(III)%20Changes%20in%20Restricted%20Shares) The total number of restricted shares remained unchanged at 24.25 million shares, all attributed to executive lock-up shares held by Wu Haizhou and Xu Yi Restricted Shares Movement | Shareholder Name | Restricted Shares at Beginning of Period | Changes During Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Wu Haizhou | 19,067,299 | 0 | 19,067,299 | Executive Lock-up | | Xu Yi | 5,181,259 | 0 | 5,181,259 | Executive Lock-up | | **Total** | **24,248,558** | **0** | **24,248,558** | | [Quarterly Financial Statements](index=5&type=section&id=IV.%20Quarterly%20Financial%20Statements) [Consolidated Balance Sheet](index=5&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets and liabilities slightly decreased, while equity attributable to owners of the parent company declined due to losses, maintaining a relatively stable asset-liability structure Consolidated Balance Sheet | Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,517,897,127.17 | 1,588,686,186.01 | | Total Liabilities | 1,096,029,446.95 | 1,136,578,153.11 | | Total Equity Attributable to Owners of Parent Company | 423,386,478.29 | 453,351,346.46 | | Total Equity | 421,867,680.22 | 452,108,032.90 | [Consolidated Income Statement (Year-to-Date)](index=7&type=section&id=2.%20Consolidated%20Income%20Statement%20Year-to-Date) In the first three quarters of 2022, operating revenue decreased, leading to a significant operating loss of 47.33 million RMB and a net loss of 36.56 million RMB attributable to parent company shareholders Consolidated Income Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 437,219,675.86 | 600,737,430.78 | | II. Total Operating Costs | 486,743,200.42 | 602,564,957.62 | | III. Operating Profit | -47,330,280.54 | -38,249.31 | | IV. Total Profit | -47,730,028.51 | 151,878.80 | | Net Profit Attributable to Owners of Parent Company | -36,564,532.66 | 3,384,762.84 | [Consolidated Cash Flow Statement (Year-to-Date)](index=9&type=section&id=3.%20Consolidated%20Cash%20Flow%20Statement%20Year-to-Date) The company's cash flow was unfavorable in the first three quarters of 2022, with decreased net cash from operating activities and a significant shift to net outflow from financing activities, leading to an overall reduction in cash and cash equivalents Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 33,779,360.54 | 49,992,161.62 | | Net Cash Flow from Investing Activities | -15,067,059.93 | -35,988,055.57 | | Net Cash Flow from Financing Activities | -46,338,579.97 | 26,540,199.36 | | Net Increase in Cash and Cash Equivalents | -21,227,633.19 | 39,683,810.43 | [Audit Opinion](index=10&type=section&id=(II)%20Audit%20Report) The company's 2022 third-quarter report has not been audited - The company's third-quarter report is **unaudited**[24](index=24&type=chunk)

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].