Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2022, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders was 50 million RMB, up 20% compared to the same period last year[16] - The company's operating revenue for the first half of 2022 was ¥950,516,186.84, a decrease of 4.16% compared to the same period last year[22] - The net profit attributable to shareholders was a loss of ¥12,676,572.04, representing a decline of 124.07% year-on-year[22] - The company achieved operating revenue of 950.52 million yuan in the first half of 2022, a year-on-year decrease of 4.16%[38] - The net profit attributable to the parent company was -12.68 million yuan, a year-on-year decline of 124.07%[38] - The company reported a net loss of CNY 199.46 million in the first half of 2022, compared to a net loss of CNY 186.78 million in the same period of 2021[183] - The company's total comprehensive income for the first half of 2022 was a loss of CNY 9.99 million, compared to a comprehensive income of CNY 54.57 million in the first half of 2021[191] Cash Flow and Investments - The net cash flow from operating activities increased significantly by 1,520.91% to ¥261,845,960.27 compared to the previous year[22] - The cash flow from operating activities for the first half of 2022 was CNY 1.17 billion, compared to CNY 864.30 million in the first half of 2021, reflecting a substantial increase[195] - The net cash flow from operating activities for the first half of 2022 was CNY 261,845,960.27, a significant increase from CNY 16,154,217.66 in the same period of 2021, reflecting improved operational efficiency[196] - The total cash inflow from investment activities was CNY 662,659,927.73, compared to CNY 220,356,652.97 in the previous year, indicating a strong recovery in investment returns[196] - The cash outflow for investment activities was CNY 879,825,240.66, significantly higher than CNY 167,095,233.93 in the same period last year, indicating increased capital expenditures[196] Research and Development - The company plans to invest 100 million RMB in R&D for new product development in the next fiscal year[16] - The company plans to enhance R&D and promote high-margin products to optimize product structure and expand market share in various segments[38] - The company aims to increase R&D investment to ensure its technological innovation capabilities meet diverse customer demands in the modified plastics industry[84] - The company has successfully launched several 3D printing materials, although the project faces uncertainties due to the long development cycle of the 3D printing industry[84] Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[16] - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market presence[16] - The company plans to strengthen its production capacity for modified polymer materials and expand into markets in Central, North, and South China[33] - The company aims to expand its 3D printing materials business and has received positive feedback from customers in North America and Australia[39] Risk Management - The company is facing risks related to raw material price fluctuations, which could impact profit margins[4] - The company has implemented a strict raw material procurement control system to maintain cost advantages and ensure stable supply[43] - The company has implemented measures to strengthen its risk management framework, particularly in relation to foreign exchange transactions, to minimize potential losses[75] Shareholder and Corporate Governance - No cash dividends or stock bonuses will be distributed to shareholders for this period[5] - The company will not distribute cash dividends or issue bonus shares for the half-year period, nor will it increase capital using the capital reserve[94] - The company has maintained transparent communication with investors through various channels, ensuring timely updates on its operational status[104] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[107] Environmental and Social Responsibility - The company has received various pollution discharge permits, with the latest expiring in September 2023, indicating compliance with environmental regulations[100] - The company has implemented measures to reduce carbon emissions, ensuring that waste gas treatment facilities operate normally and meet emission standards, with no environmental pollution incidents reported during the reporting period[101] - The company actively fulfills its social responsibilities, providing continuous support to impoverished students in regions such as Hunan, Jiangxi, and Guangxi since 2013, and establishing scholarships at Sichuan University[103] Subsidiaries and Investments - The company has established a new subsidiary, Anhui Yinxin Technology Co., Ltd., in Chuzhou, Anhui Province[150] - The company has completed the registration of a new subsidiary, Anhui Yinxin Technology, with an investment of ¥150,000,000.00, holding a 100% stake[61] - The company also established another subsidiary, Yinxin Special Materials, with an investment of ¥10,500,000.00, holding a 70% stake[61] - The company’s subsidiary Dongguan Yinxin New Materials won the land use rights for a project with a bid of 40.86 million yuan[152] Legal Matters - The company is pursuing legal action to recover debts totaling approximately ¥111.75 million from Hu Enci and ¥65.14 million from Chen Zhiyong due to their failure to fulfill performance compensation obligations[86] - The company has ongoing litigation regarding accounts receivable, with a claim amount of CNY 74,632.91 thousand against Guangzhou Hailian Trading Co., Ltd[113]

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.25 billion, representing a 37.35% increase compared to ¥1.64 billion in 2020[19]. - The net profit attributable to shareholders decreased by 27.29% to approximately ¥73.46 million in 2021 from ¥101.03 million in 2020[19]. - The net profit after deducting non-recurring gains and losses fell by 58.36% to approximately ¥38.23 million in 2021 from ¥91.83 million in 2020[19]. - The net cash flow from operating activities was negative at approximately -¥94.18 million, a decline of 170.22% compared to ¥134.13 million in 2020[19]. - The total assets at the end of 2021 were approximately ¥1.95 billion, an increase of 22.25% from ¥1.60 billion at the end of 2020[19]. - The net assets attributable to shareholders increased by 9.68% to approximately ¥1.15 billion at the end of 2021 from ¥1.05 billion at the end of 2020[19]. - The company reported a basic earnings per share of ¥0.1644, down 26.77% from ¥0.2245 in 2020[19]. - The company achieved a revenue of CNY 2,253.40 million in 2021, representing a year-on-year growth of 37.35%[49]. - The net profit attributable to the parent company was CNY 73.46 million, a decrease of 27.29% compared to the previous year, primarily due to rising raw material prices and increased stock incentive expenses of CNY 37.34 million[49]. - The modified plastic business generated revenue of CNY 1,749.22 million, an increase of 25.92% year-on-year, while the gross margin decreased by 3.57%[50]. - The smart lighting segment saw a revenue increase of 101.15% to CNY 45.78 million, with a net profit of CNY 1.99 million, up 501.39%[51]. Market and Industry Trends - The modified plastics industry in China grew from 7.8 million tons in 2010 to 22.5 million tons in 2021, with a compound annual growth rate of 12.5%[29]. - The company anticipates continued growth potential in the modified plastics sector due to expanding application fields[29]. - The global demand for modified plastics was approximately 11 million tons in 2021, with an expected growth rate of around 3%, reaching 13 million tons by 2026[30]. - The smart lighting market was valued at $10.85 billion in 2020, with an anticipated growth to $46.9 billion by 2028, reflecting a compound annual growth rate (CAGR) of 20.4%[32]. - The Chinese smart lighting market is expected to reach 43.1 billion yuan in 2022, with a growth rate of approximately 23%[32]. Research and Development - The company has developed 90 patents, including 82 invention patents, enhancing its competitive edge in the modified plastics sector[39]. - The company has significantly increased its R&D efforts in smart lighting, resulting in 19 new patents in 2021 alone[45]. - The company has established multiple R&D and manufacturing bases across various regions to support its strategic growth and market development[34]. - The company’s R&D investment amounted to CNY 105,850,363.10, representing 4.70% of operating revenue[69]. - The number of R&D personnel increased by 8.09% to 147, with the proportion of R&D staff rising to 15.90%[69]. Governance and Management - The company has a structured governance framework with a board of directors and supervisory board in place to oversee operations[4]. - The company held three shareholder meetings in 2021, ensuring compliance with governance standards and protecting shareholder rights[109]. - The company conducted a total of 11 board meetings in 2021, demonstrating active governance and oversight[110]. - The company has a complete and independent business structure, with no competition from the former controlling shareholder[113]. - The company emphasizes transparency and timely information disclosure, enhancing investor relations management[111]. Risk Management - The company emphasizes the importance of risk awareness regarding raw material price fluctuations, intensified market competition, and potential loss of technical personnel[5]. - The company has established a long-term cooperative relationship with key suppliers to mitigate risks associated with raw material price volatility[96]. - The company has faced risks related to market competition and the need for continuous technological advancement[95]. Environmental and Social Responsibility - The company has obtained various environmental permits, including pollution discharge permits valid until September 2023[43]. - The company actively fulfills its social responsibilities, providing continuous support to impoverished students, including funding for 7 students in Xinjiang in 2021[174]. - The company has implemented measures to reduce carbon emissions and maintained normal operation of air pollution control facilities, with no environmental pollution incidents reported in 2021[173]. - The company has established environmental monitoring protocols, hiring third-party agencies for regular assessments in compliance with national standards[173]. Employee Relations - The company has established a competitive employee benefits system to attract and retain top research personnel, including profit-sharing and patent rewards for core technical staff[98]. - The total number of employees at the end of the reporting period was 922, with 411 in production, 122 in sales, 147 in technical roles, 33 in finance, and 209 in administration[146]. - The company has implemented a comprehensive training program to improve employee skills and performance, including various training categories and a campus recruitment initiative[148]. Strategic Initiatives - The company plans to enhance its production capacity for modified polymers and expand its market presence in central, northern, and southern China[34]. - The company aims to enhance its operational management and expand its customer base to improve overall competitiveness in the modified plastics industry[102]. - The company plans to invest up to 300 million yuan in the "Yinxi New Materials Zhuhai Production Base" and up to 600 million yuan in the "Yinxi Polymer New Materials Industrial Park" projects[100]. - The company is committed to maintaining high standards of corporate governance and transparency, as evidenced by its independent board members[127].

Financial Overview [Core Financial Indicators](index=1&type=section&id=I.%20Key%20Financial%20Data) In Q1 2022, operating revenue grew 6.80% year-on-year, but net profit attributable to shareholders turned to loss, decreasing 104.85% due to lower gross margin and 22.98 million yuan in equity incentive amortization, while operating cash flow significantly improved by 539.86% - The primary reasons for the decline in net profit attributable to shareholders were a lower sales gross margin in Q1 2022 compared to the prior year and the amortization of **22.98 million yuan** in equity incentive costs during the period[7](index=7&type=chunk) Key Financial Metrics | Indicator | Current Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 470,914,542.33 | 440,944,101.80 | 6.80% | | Net Profit Attributable to Shareholders (Yuan) | -1,363,070.01 | 28,105,428.52 | -104.85% | | Net Profit Excluding Non-recurring Items (Yuan) | -2,344,123.23 | 27,693,573.46 | -108.46% | | Net Cash Flow from Operating Activities (Yuan) | 172,200,587.98 | -39,148,609.63 | 539.86% | | Basic Earnings Per Share (Yuan/Share) | -0.0031 | 0.0625 | -104.96% | | Total Assets (Yuan) | 1,868,039,765.32 | 1,952,546,734.43 | -4.33% (vs. end of prior year) | | Total Equity Attributable to Shareholders (Yuan) | 1,172,061,068.30 | 1,150,571,926.65 | 1.87% (vs. end of prior year) | Non-recurring Gains and Losses | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -6,952.14 | | Government Grants | 94,946.58 | | Gains/Losses from Entrusted Investments or Asset Management | 255,908.21 | | Gains/Losses from Fair Value Changes of Financial Assets/Liabilities | 630,262.52 | | Reversal of Impairment Provisions for Receivables Subject to Individual Impairment Testing | 504,782.54 | | Other Non-operating Income and Expenses | -477,913.02 | | **Total** | **981,053.22** | [Analysis of Significant Changes in Financial Statement Items](index=2&type=section&id=(III).%20Analysis%20of%20Changes%20in%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Multiple financial statement items saw significant changes, including increased cash and financial assets, a 147.29% rise in other non-current assets, administrative expenses up 127.39%, financial expenses surging 304.50%, improved operating cash flow, and reduced investing cash flow Balance Sheet Item Changes | Balance Sheet Item | Change Rate | Primary Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | +68.70% | Higher cash and cash equivalents held at period-end[8](index=8&type=chunk) | | Financial Assets Held for Trading | +87.09% | Higher balance of wealth management products held at period-end[9](index=9&type=chunk) | | Other Non-current Assets | +147.29% | Partial land payments prepaid for Zhuhai and Dongguan plots during the period[10](index=10&type=chunk) | | Accounts Payable | -33.66% | More accounts payable settled during the period | | Other Current Liabilities | -68.33% | Some discounted commercial acceptance bills matured and derecognized at period-end | Income Statement Item Changes | Income Statement Item | Change Rate | Primary Reason | | :--- | :--- | :--- | | Administrative Expenses | +127.39% | Cumulative amortization of **22.98 million yuan** in equity incentive costs during the period[11](index=11&type=chunk) | | Financial Expenses | +304.50% | Lower base due to higher interest income from Wanfeng General Aviation bonds recognized in the prior year period[13](index=13&type=chunk) | | Credit Impairment Losses | +447.62% | Significant reduction in bad debt provisions corresponding to a decrease in accounts receivable balance during the period | Cash Flow Statement Item Changes | Cash Flow Statement Item | Change Rate | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | +539.86% | Significantly increased cash received from sales of goods and provision of services year-on-year[15](index=15&type=chunk) | | Net Cash Flow from Investing Activities | -554.03% | Significant purchase of wealth management products during the period | | Net Cash Flow from Financing Activities | -126.19% | Significantly decreased amount of borrowings obtained during the period year-on-year | Shareholders and Share Capital Structure [Shareholding Status of Shareholders](index=3&type=section&id=(I).%20Total%20Number%20of%20Common%20Shareholders%20and%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%20and%20Top%20Ten%20Shareholders%27%20Shareholding) As of the reporting period end, the company had **49,629** common shareholders; Lin Dengcan was the largest at **2.11%**, and some shares were pledged or frozen - As of the end of the reporting period, the company had **49,629** common shareholders[16](index=16&type=chunk) - Shareholder Tan Songbin and Shihezi Ruichen Equity Investment Partnership (Limited Partnership) are parties acting in concert[17](index=17&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name | Shareholding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Lin Dengcan | 2.11% | 10,070,700 | - | | Shenzhen Hi-Tech Investment Group Co., Ltd. | 2.10% | 10,000,000 | - | | Yinxi Group Co., Ltd. | 1.89% | 8,996,400 | - | | Shihezi Ruichen Equity Investment Partnership | 0.95% | 4,503,528 | Pledged/Frozen | | Tan Songbin | 0.83% | 3,976,175 | Frozen/Pledged | [Changes in Restricted Shares](index=4&type=section&id=(III).%20Changes%20in%20Restricted%20Shares) Total restricted shares decreased by **1,958,375** to **35,756,887** shares, primarily from the lifting of executive lock-up and equity incentive share restrictions - Reasons for restrictions primarily include executive lock-up shares and equity incentive restricted shares, which will be released annually upon meeting unlocking conditions[19](index=19&type=chunk) Restricted Share Movement | Item | Number of Shares | | :--- | :--- | | Restricted Shares at Beginning of Period | 37,715,262 | | Restricted Shares Released During Period | 1,968,425 | | Restricted Shares Increased During Period | 10,050 | | Restricted Shares at End of Period | 35,756,887 | Other Significant Matters [Significant Business and Investment Developments](index=5&type=section&id=III.%20Other%20Significant%20Matters) The company advanced strategic initiatives, including new material project investments, land acquisitions, granting restricted shares, and updating on executive share reduction plans and litigation - The company plans to invest up to **1 billion yuan** in the "Anhui Chuzhou Yinxi Polymer Material Project" and has established Anhui Yinxi Technology Co., Ltd. as a subsidiary to manage it[23](index=23&type=chunk)[24](index=24&type=chunk) - Company subsidiaries Dongguan Yinxi New Material and Zhuhai Yinxi Technology successfully bid for state-owned land use rights in Dongguan and Zhuhai for **40.86 million yuan** and **15.52 million yuan** respectively, for new material industrial parks and production bases[26](index=26&type=chunk)[27](index=27&type=chunk) - The company granted **4.83 million** reserved restricted shares under the 2021 Restricted Stock Incentive Plan to **14** incentive recipients at an exercise price of **3.19 yuan/share**[28](index=28&type=chunk) - The company's controlled subsidiaries, Yinxi Industrial Plastics, Zhongshan Connaught, and Suzhou Yinxi Technology, were recognized as high-tech enterprises, qualifying for tax incentives[25](index=25&type=chunk)[26](index=26&type=chunk) - The company received **504,782.54 yuan** in performance compensation from Hu Enci and Chen Zhiyong, former shareholders of Xingke Electronic Technology[27](index=27&type=chunk) Financial Statements [Consolidated Financial Statements](index=7&type=section&id=(I).%20Financial%20Statements) This section presents the company's consolidated balance sheet as of March 31, 2022, and the consolidated income and cash flow statements for Q1 2022 Consolidated Financial Statements Overview | Statement | Period/Date | | :--- | :--- | | Consolidated Balance Sheet | March 31, 2022 | | Consolidated Income Statement | Q1 2022 | | Consolidated Cash Flow Statement | Q1 2022 | [Audit Report](index=13&type=section&id=(II).%20Audit%20Report) The company's Q1 2022 financial report is unaudited - The company's first-quarter report is unaudited[40](index=40&type=chunk)

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。 广东银禧科技股份有限公司 2021 年第三季度报告 证券代码：300221 证券简称：银禧科技 公告编号：2021-136 广东银禧科技股份有限公司 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: 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 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 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 553,048,216.05 | 18.01% | 1,544,817,955.36 | 37.5 ...

Financial Performance - The company reported a revenue of 500 million RMB for the first half of 2021, representing a year-on-year increase of 20%[15]. - The net profit attributable to shareholders was 50 million RMB, up 15% compared to the same period last year[15]. - The company's operating revenue for the reporting period was ¥991,769,739.31, representing a 51.50% increase compared to ¥654,632,090.66 in the same period last year[21]. - The net profit attributable to shareholders was ¥52,659,898.86, marking an 89.18% increase from ¥27,835,745.93 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥43,066,509.88, which is a 30.26% increase from ¥33,062,504.67 in the previous year[21]. - The company reported a basic earnings per share of ¥0.1170, which is an 89.01% increase from ¥0.0619 in the same period last year[21]. - The company achieved operating revenue of 991.77 million yuan, a year-on-year increase of 51.50%[41]. - The net profit attributable to shareholders reached 52.66 million yuan, reflecting a year-on-year growth of 89.18%[41]. - The net profit after deducting non-recurring gains and losses was 43.07 million yuan, up 30.26% year-on-year[41]. - The company reported a net loss of CNY 207,576,779.02 in retained earnings, an improvement from a loss of CNY 260,236,677.88 in the previous period[191]. Research and Development - The company plans to invest 100 million RMB in R&D for new product development in the next fiscal year[15]. - R&D investment increased by 19.81% to ¥44,732,812.65 compared to the previous period[52]. - The company has established a series of standardized management systems for new product development, ensuring a conducive environment for R&D[34]. - The company is focusing on developing smart lighting solutions, leveraging IoT technology to enhance product capabilities[15]. - The company is focusing on emerging technology fields such as modified plastics, smart lighting, 3D printing materials, and electronic chemicals for 5G applications[29]. - The company is actively promoting the research and development of 3D printing materials, although the project is expected to take a long time to achieve significant profitability due to the industry's long development cycle[94]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% increase in market share by the end of 2022[15]. - The management has set a performance guidance of 10% revenue growth for the second half of 2021[15]. - The company is focusing on enhancing brand management and technical innovation to expand market share[43]. - The company aims to leverage smart manufacturing upgrades to improve production efficiency and reduce costs[43]. Risks and Challenges - The company is facing risks related to raw material price fluctuations, which could impact profit margins[5]. - The company faces risks from raw material price fluctuations, which account for approximately 90% of operating costs, primarily influenced by global oil prices[91]. - The competitive landscape in the modified plastics industry is intensifying, with numerous domestic producers and a need for technological advancements[91]. - The LED smart lighting business is significantly impacted by the global chip supply shortage, which affects production and sales[94]. - The cobalt business faces operational risks due to political instability and legal differences in the Democratic Republic of the Congo, leading to a pause in further investments[95]. Cash Flow and Financial Position - The net cash flow from operating activities decreased significantly by 75.93%, amounting to ¥16,154,217.66 compared to ¥67,121,754.95 in the same period last year[21]. - Net cash flow from investing activities increased by 394.25% to ¥53,261,419.04 primarily from the maturity of principal-protected financial products[52]. - Net cash flow from financing activities increased by 137.27% to ¥15,989,831.09 due to higher bank borrowings[52]. - Total cash and cash equivalents increased by 1,316.60% to ¥85,568,496.33, mainly from the maturity of financial products[52]. - The total assets at the end of the reporting period were ¥1,719,298,427.62, reflecting a 7.64% increase from ¥1,597,203,301.38 at the end of the previous year[21]. - The total liabilities increased to CNY 606,773,055.06, up from CNY 520,522,715.70, reflecting a growth of approximately 16.5%[190]. - Short-term borrowings surged to CNY 176,262,466.23, compared to CNY 63,345,345.41, indicating a significant increase of about 178.5%[190]. Shareholder and Equity Information - No cash dividends or stock bonuses will be distributed to shareholders for this period[6]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[105]. - The company has implemented a restricted stock incentive plan, approved by the board on May 6, 2021, with independent opinions provided by financial and legal advisors[106]. - The incentive plan's target list was publicly announced on May 7, 2021, with a review by the supervisory board on May 17, 2021[107]. - The company reported a total of 14,637,328 shares held by major shareholder 瑞晨投资, accounting for 3.25% of the total share capital of 449,943,563 shares[178]. - The total number of shareholders at the end of the reporting period is 54,573[173]. Legal and Compliance Issues - The company has been penalized for insider trading violations, receiving regulatory letters from the Shenzhen Stock Exchange[122]. - The company has initiated legal proceedings regarding performance compensation obligations that remain unfulfilled by certain individuals[96]. - The company has faced multiple lawsuits, including a recent case involving CNY 406 million related to a contract dispute, where it lost in the second instance[121]. - The company has successfully reached a settlement in a case involving CNY 200 million in receivables, with the agreement signed on July 14, 2021[121]. Social Responsibility and Environmental Compliance - The company actively engages in social responsibility initiatives, including educational support for impoverished students and community infrastructure assistance[111]. - The company has obtained various pollution discharge permits, with the latest expiring in 2023, ensuring compliance with environmental regulations[110]. - The company has not faced any significant penalties for environmental violations during the reporting period[110].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[14]. - The company's operating revenue for 2020 was ¥1,640,655,935.71, an increase of 8.55% compared to ¥1,511,471,027.00 in 2019[19]. - The net profit attributable to shareholders was ¥101,030,563.10, a significant increase of 901.93% from ¥10,083,553.21 in 2019[19]. - The net profit after deducting non-recurring gains and losses was ¥91,825,904.51, up 185.50% from a loss of ¥107,400,589.66 in 2019[19]. - The net cash flow from operating activities was ¥134,132,064.40, representing an increase of 111.25% compared to ¥63,494,000.36 in 2019[19]. - The total assets at the end of 2020 were ¥1,597,203,301.38, a growth of 9.76% from ¥1,455,237,221.21 at the end of 2019[19]. - The company's basic earnings per share rose to ¥0.2245, a 963.98% increase from ¥0.0211 in 2019[19]. - The weighted average return on equity improved to 10.12%, up 9.26 percentage points from 0.86% in 2019[19]. - The company achieved operating revenue of 164,065.59 million CNY, representing a year-on-year growth of 8.55%[52]. - The net profit attributable to shareholders reached 10,103.06 million CNY, a significant increase of 901.93% year-on-year[52]. - The net profit after deducting non-recurring gains and losses was 9,182.59 million CNY, up 185.50% compared to the previous year[52]. Market Expansion and Strategy - The company has set a future revenue target of 1.5 billion RMB for 2021, indicating an expected growth rate of 25%[14]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in sales from this region by 2022[14]. - A strategic acquisition of a local competitor is in progress, which is projected to enhance the company's production capacity by 30%[14]. - The company is focused on expanding its presence in emerging technology fields such as modified plastics, smart lighting, 3D printing materials, and 5G electronic chemicals[29]. - The company is actively working to close the technology gap with international competitors by focusing on functional and high-performance product development[43]. - The company is focusing on expanding its market share in modified plastics while exploring new market segments and developing high-margin products[114]. Research and Development - The company has invested 50 million RMB in R&D for new technologies, focusing on sustainable materials and smart manufacturing solutions[14]. - The company has accumulated 7,216 product formulas and holds 111 patents, including 82 invention patents[48]. - The company has established a comprehensive technical service system to ensure timely and high-quality support for customers[49]. - The company has developed 111 patents, including 82 invention patents, as of December 31, 2020, indicating a strong focus on innovation[82]. - The number of R&D personnel increased to 136, accounting for 14.21% of the total workforce, up from 13.92% in 2019[83]. - The company plans to increase R&D investment to ensure its technological innovation capabilities[109]. Risk Management - The company faces risks related to raw material price fluctuations and increased market competition, which have been addressed in the risk management section of the report[5]. - The company emphasizes the importance of maintaining a strong talent pool to mitigate risks associated with employee turnover and knowledge loss[5]. - The company is facing risks related to the loss of technical personnel and the confidentiality of core technologies, which could adversely affect its continuous innovation capabilities[109]. - The company plans to maintain strong relationships with suppliers to ensure stable raw material supply and mitigate price volatility risks[107]. Product Development - New product development includes the launch of a high-performance polymer material, which is expected to capture a 10% market share in the next two years[14]. - The company launched new 3D printing materials in 2020, including high-strength ABS, Aquasol-120, Nylon-GF10, TPU powder, and low-temperature Nylon 6 powder[55][56]. - The company has entered mass production for several new materials, including halogen-free flame-retardant PP and high-performance flame-retardant PPS composites, which are expected to drive future growth[82]. - The company plans to expand its product line into biodegradable materials and medical-grade plastics, enhancing its market competitiveness[83]. Corporate Governance and Compliance - The board has decided not to distribute cash dividends for the year, opting to reinvest profits into growth initiatives[6]. - The company did not propose any cash dividend distribution for the year 2020, maintaining a cash dividend ratio of 0.00%[125]. - The company’s cash dividend distribution plan aligns with its articles of association and relevant regulations[121]. - The company has committed to not transferring newly issued shares for 36 months from the listing date, ensuring compliance with regulatory requirements[127]. - The company has established a commitment to not engage in any business that competes with its own operations, maintaining a competitive edge in the market[129]. Environmental and Social Responsibility - The company donated a total of 1,500,000 to support COVID-19 relief efforts, including 1,000,000 to the Dongguan Charity Association and 500,000 to the Suzhou Red Cross[181]. - The company has established scholarships and supports impoverished students in various regions since 2013[181]. - The company adheres to safety and environmental regulations, with no major safety incidents reported during the reporting period[183]. - The company has not faced any significant penalties for environmental violations during the reporting period[188]. - The company is actively managing its pollution discharge permits under simplified and key management categories[188]. Financial Management - The company has confirmed significant guarantees during the reporting period[172]. - The total approved guarantee amount for subsidiaries at the end of the reporting period is 47,250,000, while the actual guarantee balance is 40,250,000[174]. - The actual guarantee amount during the reporting period is 6,750,000, which is 38.37% of the company's net assets[174]. - The company has entrusted 37,000,000 in financial management, with an outstanding balance of 8,000,000[179]. Shareholder Relations - The company has not engaged in any significant related party transactions during the reporting period[161]. - The company has no joint external investment transactions during the reporting period[163]. - The company has no related party debt and credit transactions during the reporting period[164]. - The company has no other significant related party transactions during the reporting period[165].

广东银禧科技股份有限公司 2021 年第一季度报告全文 广东银禧科技股份有限公司 2021 年第一季度报告 2021 年 04 月 1 广东银禧科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人谭颂斌、主管会计工作负责人顾险峰及会计机构负责人(会计主 管人员)顾险峰声明：保证季度报告中财务报表的真实、准确、完整。 2 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 25,872.58 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统一标 | 475,864.47 | | | 准定额或定量享受的政府补助除外） | | | | 委托他人投资或管理资产的损益 | 812,986.22 | | | 除同公司正常经营业务相关的有效套期保值业务外 ...

广东银禧科技股份有限公司 2020 年第三季度报告全文 广东银禧科技股份有限公司 2020 年第三季度报告 2020 年 10 月 1 广东银禧科技股份有限公司 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。 公司负责人谭颂斌、主管会计工作负责人顾险峰及会计机构负责人(会计主 管人员)顾险峰声明：保证季度报告中财务报表的真实、准确、完整。 2 广东银禧科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,565,803,419.37 | 1,455,237,221.21 | | 7.60% | | 归属于上市公司股东的净资产 | 1,075,599,35 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥654,632,090.66, a decrease of 13.58% compared to ¥757,541,103.93 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥27,835,745.93, down 55.45% from ¥62,483,417.21 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥33,062,504.67, an increase of 290.22% compared to a loss of ¥17,380,988.33 in the same period last year[20]. - The basic earnings per share decreased by 50.00% to ¥0.0619 from ¥0.1238 in the same period last year[20]. - The gross margin for modified plastic products was 18.30%, an increase of 2.52 percentage points compared to the same period last year[42]. - The company's modified plastic product business generated revenue of CNY 588.07 million, a year-on-year decline of 11.33%[43]. - The company reported a net loss of CNY 333,431,495.05 as of June 30, 2020, an improvement from a net loss of CNY 361,267,240.98 at the end of 2019[160]. - The total comprehensive income for the first half of 2020 was 4,262,082.63 CNY, reflecting a decrease compared to the previous period[189]. Cash Flow and Assets - The net cash flow from operating activities was ¥67,121,754.95, a slight increase of 1.26% from ¥66,284,626.10 in the previous year[20]. - The company's cash and cash equivalents increased by 111.09% to CNY 6,040,413.23, primarily due to reduced bank loan repayments[46]. - The total assets at the end of the reporting period were ¥1,448,801,899.35, a decrease of 0.44% from ¥1,455,237,221.21 at the end of the previous year[20]. - The company's total liabilities decreased from CNY 437,608,354.07 at the end of 2019 to CNY 395,566,105.18 as of June 30, 2020, representing a reduction of approximately 9.6%[159][160]. - The cash inflow from investment activities totaled 181,570,936.63 CNY, while cash outflow was 195,022,969.05 CNY[178]. Research and Development - The company has a total of 109 authorized patents as of June 30, 2020, with 4 new patents granted during the reporting period[36]. - Research and development expenses were CNY 37,337,477.42, down by 9.92% year-on-year, reflecting a focus on efficiency[46]. - The company is focusing on continuous R&D investment to enhance its technological innovation capabilities and develop differentiated products to mitigate market competition risks[73]. Market and Industry Trends - The company has a strong customer base in the modified plastics industry, including major clients like Gree Electric and Philips, contributing to stable revenue[27]. - The company is positioned to benefit from the increasing demand for modified plastics driven by the rapid development of the new energy vehicle industry[29]. - The modified plastics industry is expected to see consolidation, with leading companies likely to achieve growth rates exceeding the industry average due to rising technical and scale barriers[32]. Risks and Challenges - The company faces risks related to raw material price fluctuations, intensified market competition, and potential loss of technical personnel[5]. - Raw material costs account for approximately 90% of the company's operating costs, with fluctuations in prices linked to global oil prices, impacting profit margins[71]. - The company faced risks from the COVID-19 pandemic, which delayed production and increased management costs, negatively impacting performance[79]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - The total number of pledged shares by controlling shareholder Tan Songbin and Ruichen Investment reached 120,943,712 shares, accounting for 99.89% of their holdings and 26.74% of the company's total shares[78]. - The company has made commitments to shareholders regarding financial support and compliance with regulations[88]. Legal and Compliance Matters - The company is currently involved in ongoing litigation regarding performance compensation matters with Chen Zhiyong and Hu Enci[86]. - The company reported a lawsuit against former shareholders for performance compensation debts amounting to ¥13,961.09 million, which is currently under litigation[92]. - The company has successfully won several lawsuits, including a claim for ¥54.23 million and ¥43.8 million, both resulting in favorable outcomes[93].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year 2019, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was 200 million RMB, which is a 10% increase compared to the previous year[13]. - In 2019, the company's operating revenue was ¥1,511,471,027, a decrease of 33.20% compared to ¥2,262,760,303.64 in 2018[18]. - The net profit attributable to shareholders was ¥10,083,553.21, marking a significant turnaround from a loss of ¥805,175,824.86 in 2018, representing a 101.25% increase[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥107,400,589.66, an improvement of 91.96% from -¥1,336,470,265.10 in 2018[18]. - The net cash flow from operating activities was ¥63,494,000.36, down 65.08% from ¥181,836,991.52 in 2018[18]. - Total assets at the end of 2019 were ¥1,455,237,221.21, a decrease of 37.06% from ¥2,312,163,603.38 at the end of 2018[18]. - The net assets attributable to shareholders decreased by 25.31% to ¥997,885,562.58 from ¥1,336,052,770.73 in 2018[18]. - The company reported a significant decline of 91.83% in revenue from the CNC metal precision structural parts segment, totaling ¥29,395,796.49[48]. - The company’s net profit for the year was ¥10.35 million, a significant recovery from a loss of ¥813.37 million in the previous year[69]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next three years[5]. - The company aims to achieve a revenue growth target of 20% for the fiscal year 2020[5]. - The company is focused on expanding its market presence in the modified plastics sector, which is expected to continue growing due to increasing demand in various industries[26]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[5]. - The company plans to enhance R&D and promotion of new high-margin products to optimize product structure and expand market share[42]. - The company plans to continuously invest in capital, talent, and technology to enhance its research capabilities and develop differentiated modified plastic products to avoid intense market competition[101]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies for the upcoming fiscal year[5]. - The company holds 108 authorized patents as of December 31, 2019, with 15 new patents granted during the reporting period, including 5 invention patents and 10 utility model patents[35]. - Research and development expenses for 2019 were approximately ¥86.09 million, a decrease of 21.70% compared to 2018[62]. - R&D investment accounted for 5.70% of operating revenue in 2019, an increase from 4.86% in 2018[64]. - The company aims to enhance its competitive edge through continuous investment in technological innovation and R&D[35]. Operational Challenges and Risks - Risk factors include fluctuations in raw material prices and increased market competition, which have been addressed in the company's strategic planning[5]. - The company faces risks related to raw material supply and price fluctuations, with raw material costs typically accounting for around 90% of operating costs[99]. - The company is exposed to intensified market competition in the modified plastics industry, with many small enterprises causing disorderly competition[100]. - The company has paused investments in the cobalt project due to declining market prices and will assess future investments based on market conditions[106]. Shareholder and Dividend Information - There are no plans for cash dividends or stock bonuses for the year 2019, focusing instead on reinvestment into the business[6]. - The company reported a total cash dividend of 4,606,728.96 RMB for the year 2019, which represents 45.69% of the net profit attributable to shareholders[113]. - The company did not distribute any cash dividends or increase share capital from capital reserves in 2019 due to a net loss in 2018 and ongoing recovery from operational challenges[115]. - The company has not proposed any cash dividend distribution plan for 2019 despite having a positive profit available for distribution[118]. Legal and Compliance Issues - The company has faced penalties for violations related to stock trading, including a public reprimand from the Shenzhen Stock Exchange for passive liquidation that led to non-compliance with disclosure requirements[154]. - The company is involved in ongoing litigation regarding performance compensation claims against former shareholders of Xingke Electronics, with amounts of RMB 139.61 million and RMB 200.32 million involved in separate cases[153]. - The company has not violated any commitments regarding shareholding reductions, with a maximum of 25% of indirect holdings allowed to be sold annually during the tenure of key personnel[125]. Asset Management and Financial Position - The company has completed the deregistration of its subsidiary, Xingke Precision Technology, which had not commenced actual operations since its establishment in December 2017[147]. - The company transferred 60% of its equity in Dongguan Hengdao Electronic Technology to optimize its business structure, resulting in Hengdao no longer being a subsidiary[148]. - The company has maintained its accounting firm, Lixin CPA, for four consecutive years, with an audit fee of RMB 800,000[151]. - The company has actively fulfilled its social responsibilities, including supporting impoverished students and establishing scholarships[180]. Employee and Management Practices - The company has established a competitive employee benefits system to attract and retain talented researchers, including profit-sharing and patent rewards for core technical personnel[102]. - The company has implemented changes to its accounting policies effective from January 1, 2019, in accordance with the new financial instrument standards issued by the Ministry of Finance[141].