Financial Performance - The company's revenue for Q3 2024 reached ¥743,323,623.28, representing a year-on-year increase of 4.92%[3] - The net profit attributable to shareholders for Q3 2024 was ¥51,474,782.48, showing a decrease of 6.74% compared to the same period last year[3] - Basic earnings per share for Q3 2024 were ¥0.1411, a slight decrease of 0.18% year-on-year[3] - Total operating revenue for Q3 2024 reached CNY 2,161,486,987.46, an increase of 9.3% compared to CNY 1,976,583,377.34 in Q3 2023[12] - Net profit attributable to shareholders of the parent company was CNY 198,031,501.01, up 17.7% from CNY 168,346,572.68 in the same period last year[13] - Operating profit for the period was CNY 224,524,482.94, representing a growth of 14.8% compared to CNY 195,559,586.70 in Q3 2023[12] - The total comprehensive income for the period was CNY 193,316,276.31, compared to CNY 173,601,479.86 in the same quarter last year, reflecting an increase of 11.3%[13] Cash Flow and Liquidity - The operating cash flow net amount for the year-to-date period was ¥207,721,451.74, reflecting an increase of 84.15%[6] - The net cash flow from operating activities for Q3 2024 was CNY 207,721,451.74, an increase from CNY 112,797,194.62 in Q3 2023, representing an 84.1% growth[15] - Cash flow from operating activities amounted to CNY 2,424,745,669.89, compared to CNY 2,205,763,711.64 in the previous year, reflecting a growth of 9.9%[14] - The cash and cash equivalents increased significantly to CNY 457,919,881.66 from CNY 295,991,638.48, marking a growth of approximately 54.5%[10] - The cash and cash equivalents at the end of Q3 2024 totaled CNY 255,576,619.76, compared to CNY 217,586,542.11 at the end of Q3 2023, marking a 17.4% increase[15] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥4,811,319,893.64, an increase of 10.60% from the end of the previous year[3] - Current assets rose to CNY 3,087,775,163.02, compared to CNY 2,743,009,293.81 at the start of the year, indicating an increase of about 12.6%[10] - Total liabilities increased to CNY 2,874,433,858.47 from CNY 2,562,878,150.66, representing a rise of approximately 12.1%[11] - The company's equity attributable to shareholders was ¥1,928,862,524.44, up 8.38% compared to the previous year-end[3] - The company's equity attributable to shareholders increased to CNY 1,928,862,524.44 from CNY 1,779,788,600.99, reflecting a growth of approximately 8.4%[11] Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,626, with the top 10 shareholders holding a combined 56.06% of shares[7] - The largest shareholder, Li Shuibo, holds 25.06% of shares, amounting to 102,200,850 shares[7] - The company’s major shareholders include Shen Anyun (16.71%), Li Baihua (6.90%), and Li Baiyuan (6.88%)[7] - The company has a shareholding structure where the actual controllers are Li Shuibo and Shen Anyun, who are spouses[7] Share Repurchase Plan - The company plans to repurchase shares using its own funds, with a total amount not less than RMB 50 million and not exceeding RMB 100 million, at a price not exceeding RMB 43 per share[9] - As of August 26, 2024, the company has repurchased a total of 2,013,571 shares, accounting for 0.4938% of the total share capital, with a total transaction amount of RMB 53,562,102.05[9] - The company has implemented a share repurchase plan that complies with relevant laws and regulations[9] - The maximum purchase price during the repurchase was RMB 33.00 per share, and the minimum was RMB 21.07 per share[9] Research and Development - Research and development expenses were CNY 78,107,865.20, slightly up from CNY 75,792,459.75 in Q3 2023, indicating continued investment in innovation[12] Tax and Employee Compensation - The company reported a decrease in tax expenses to CNY 8,799,745.76 from CNY 9,609,621.07 in the previous year, a reduction of 8.4%[12] - The company reported a decrease in employee compensation payable to CNY 39,696,039.10 from CNY 55,076,050.13, a reduction of approximately 28%[11] - The company paid CNY 301,387,902.13 in employee-related cash outflows, compared to CNY 172,187,026.88 in the previous year, representing a significant increase of 75.8%[15]

Profit Performance - Net profit attributable to shareholders of the listed company is expected to be between 180 million yuan and 210 million yuan, an increase of 6.92% to 24.74% compared to the same period last year[2] - Net profit after deducting non-recurring gains and losses is expected to be between 166 million yuan and 196 million yuan, an increase of 1.74% to 20.12% compared to the same period last year[2] - Net profit attributable to shareholders in Q3 2024 is expected to be between 39.52 million yuan and 69.52 million yuan, a change of -31.46% to 20.58% compared to the same period last year[2] - Net profit after deducting non-recurring gains and losses in Q3 2024 is expected to be between 33.87 million yuan and 63.87 million yuan, a change of -38.64% to 15.71% compared to the same period last year[2] - The increase in net profit is mainly due to the recovery in demand in the domestic semiconductor industry and improved order intake, while maintaining market share in the food industry despite reduced downstream customer demand[4] Industry and Investment Focus - The company has significantly increased its investment in the semiconductor industry, leading to higher fixed asset depreciation and a decline in gross margin compared to the same period last year[4] - R&D expenses have increased significantly compared to the same period last year, particularly due to deeper involvement in the semiconductor industry[4] Non-Recurring Items - Non-recurring gains and losses amounted to approximately 14 million yuan during the reporting period[4]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected increase in stock price relative to the market benchmark index by over 20% in the next six months [15]. Core Insights - The company, Xinlai Yingcai, reported a revenue of 1.418 billion yuan for the first half of 2024, representing a year-on-year growth of 11.83%, with a net profit of 140 million yuan, up 26.91% [1]. - In Q2 2024, the company achieved a revenue of 729 million yuan, a 15.88% increase year-on-year, and a net profit of 72 million yuan, growing by 26.49% [1]. - The gross margin for H1 2024 was 25.57%, an increase of 0.74 percentage points year-on-year, while the net margin was 9.89%, up 1.18 percentage points [1]. - The company is focusing on R&D investments, particularly in the semiconductor sector, which is expected to drive future growth [1]. Business Segment Summary - **Semiconductor Segment**: Revenue reached 447 million yuan, a significant increase of 48.0% year-on-year, although the gross margin decreased by 1.4 percentage points to 28.34% due to increased depreciation from higher investments [1]. - **Food Segment**: Revenue was 803 million yuan, a slight increase of 0.1% year-on-year, with a gross margin of 22.7%, up 3.4 percentage points. The company is enhancing its market share in domestic clients despite reduced demand from major dairy clients [1]. - **Pharmaceutical Segment**: Revenue was 169 million yuan, a 3.0% increase year-on-year, but the gross margin fell by 10.6 percentage points to 31.7%. The segment is expected to benefit from long-term trends such as aging population and improved healthcare systems [1]. Financial Forecast and Investment Recommendations - The company is projected to achieve revenues of 3.282 billion yuan, 3.896 billion yuan, and 4.721 billion yuan for 2024, 2025, and 2026 respectively, with net profits of 328 million yuan, 447 million yuan, and 578 million yuan [2][7]. - The company is recognized as a leader in the ultra-clean metal materials processing sector and is accelerating the development of high-end new products, which are expected to contribute to future growth [1].

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage [1][3]. Core Views - The company has shown significant revenue growth in the semiconductor sector, with a year-on-year increase of 48.01% in the first half of 2024, driven by a recovery in semiconductor industry demand [2][3]. - The company is one of the few domestic manufacturers capable of covering three major application areas: semiconductor, biopharmaceutical, and food and beverage, indicating strong future growth potential [3][5]. Summary by Sections Financial Performance - In the first half of 2024, the company achieved operating revenue of 1.418 billion yuan, a year-on-year increase of 11.83%, and a net profit attributable to shareholders of 140 million yuan, up 26.91% [2][3]. - The company's gross margin for H1 2024 was 25.57%, an increase of 0.75 percentage points year-on-year, while the net profit margin rose to 9.89%, up 1.18 percentage points [3][5]. Business Segments - The food segment generated revenue of 803 million yuan, a slight increase of 0.07% year-on-year, while the pharmaceutical segment saw revenue of 169 million yuan, up 2.76% [3]. - The semiconductor segment's revenue reached 447 million yuan, reflecting a robust growth of 48.01% due to improving order conditions in the semiconductor industry [3]. Future Projections - The company is projected to achieve operating revenues of 3.211 billion yuan, 3.892 billion yuan, and 4.703 billion yuan for the years 2024, 2025, and 2026, respectively [5]. - Net profit attributable to shareholders is expected to reach 326 million yuan, 448 million yuan, and 594 million yuan over the same period, indicating a strong growth trajectory [5].

Business Overview and Performance - Neway Materials' main business includes the R&D, production, and sales of clean application materials and high-purity/ultra-high-purity application materials, primarily used in food safety, biopharmaceuticals, and semiconductor industries [4] - In 2024 H1, the company achieved revenue of 1.418 billion yuan, a year-on-year increase of 11.83%, and net profit of 140 million yuan, a year-on-year increase of 26.91% [4] - The company's subsidiary, Shandong Bihai, specializes in aseptic packaging materials and liquid food filling machinery, serving clients like Yili, Nestlé, and Wahaha [8] Semiconductor Industry - The semiconductor business saw significant growth in 2024 H1 due to market recovery, with orders improving steadily [4] - The company's semiconductor products account for 3%-5% of total chip factory investment and 5%-10% of semiconductor equipment manufacturers' raw material procurement [8] - The company's "AdvanTorr" and "Nanopure" product lines are widely recognized in the semiconductor industry for their high vacuum and ultra-high purity applications [6][7] - The company is focusing on domestic substitution in the semiconductor sector, aiming for high-speed growth in equipment and facility components [9] Food Industry - Despite reduced demand in the food industry, the company maintained market share domestically, with performance remaining stable [4] - The company's aseptic packaging and filling machinery business is expanding, with plans to increase production capacity to meet growing demand [8][9] - The company is targeting domestic first-tier brands and promoting new high-speed machinery products to enhance market share [8] Future Strategy - The company will continue to focus on domestic substitution, particularly in the semiconductor and food safety sectors [9] - In the biopharmaceutical field, the company plans to increase R&D investment in high-value-added pharmaceutical-grade pumps and valves to mitigate market risks [9] - The company aims to strengthen its "equipment + packaging materials" business model in the food safety sector to increase customer loyalty and market share [9]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][15]. Core Views - The company has shown steady growth in performance, with significant expansion in the semiconductor business, achieving a revenue of 1.418 billion yuan in the first half of 2024, a year-on-year increase of 11.83%. The semiconductor segment generated 447 million yuan, up 48% year-on-year, accounting for 32% of total revenue [2][9]. - The company's profit structure is improving, with a gross margin of 25.57% in the first half of 2024, an increase of 0.74 percentage points year-on-year. The net profit margin also improved to 9.89%, up 1.18 percentage points year-on-year [10][14]. - The company is focusing on domestic substitution strategies across its three main segments: semiconductor, food, and pharmaceuticals, which are expected to drive growth as downstream demand recovers [3][14]. Summary by Sections Financial Performance - In H1 2024, the company achieved total revenue of 1.418 billion yuan, with a net profit of 140 million yuan, reflecting a year-on-year increase of 26.91% [2][9]. - The second quarter revenue was 729 million yuan, up 15.88% year-on-year, with a net profit of 72 million yuan, also showing a year-on-year increase of 26.49% [2][9]. Profitability Metrics - The gross margin for H1 2024 was 25.57%, with the semiconductor segment at 28.34%, the food segment at 22.74%, and the pharmaceutical segment at 31.67% [10][14]. - The company’s net profit margin for H1 2024 was 9.89%, with a slight increase in the expense ratio to 14.73% [10][14]. Market Outlook - The global semiconductor market is expected to recover, with projected sales growth of 11.6% to 18.3% from Q4 2023 to Q2 2024. The domestic semiconductor equipment market is also showing significant growth, with sales expected to increase by 90.8% to 113.4% [3][14]. - The food packaging market in China is projected to exceed 25 billion yuan by 2025, indicating substantial growth potential, particularly in dairy and beverage sectors [3][14]. Earnings Forecast - The company’s net profit forecasts for 2024, 2025, and 2026 are 370 million yuan, 520 million yuan, and 660 million yuan, respectively, with corresponding P/E ratios of 19, 13, and 10 [15].

2024年08月26日 来源：公司年报、国金证券研究所 新莱应材 (300260.SZ) 买入(维持评级) 公司点评 证券研究报告 食品和医药业务同比持平， 半导体零组件业务保持增长 业绩简评 2024年8月26日公司披露 2024年半年报,1H24公司实现营收 14.18 亿元,同比+11.83%;实现归母净利润 1.40 亿元,同比 +26.91%,实现扣非后的归母净利润 1.32 亿元,同比+22.38%。 2Q24 单季度公司实现营收 7.29 亿元,同比+15.88%; 2Q24 实现 归母净利润 0.72 亿元,同比+26.49%,环比+5.08%;2Q24 实现 扣非后的归母净利润7249.96万元,同比+27.69%,环比+21.58%。 经营分析 综合毛利率维持稳定，2Q24 营业收入和扣非归母净利润环比改 善。1H24 综合毛利率为 25.57%, 2Q24 单季度毛利率为 25.80%, 环比提升 0.048 pcts。期间费用方面,1H24 公司期间费用率较 2023 年略有下降,为 14.73%,其中销售费用率和管理费用率基 本稳定,研发费用率为 3.54%,较 23 年底下降了 0 ...

[Important Notice, Table of Contents, and Definitions](index=1&type=section&id=Item%20I.%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) The Board of Directors, Supervisory Board, and senior management assure the report's truthfulness, accuracy, and completeness, with no cash dividends, bonus shares, or capital reserve conversions planned for H1 2024[1](index=1&type=chunk) [Company Profile and Key Financial Indicators](index=7&type=section&id=Item%20II.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section presents the company's fundamental information and key financial performance metrics for the reporting period [Company Profile](index=7&type=section&id=I.%20Company%20Profile) This chapter provides the company's basic information, including its stock abbreviation "Xinlai Yingcai", stock code "300260", and its full Chinese and English names, and legal representative Company Profile | Item | Information | | :--- | :--- | | Stock Abbreviation | Xinlai Yingcai | | Stock Code | 300260 | | Stock Exchange | Shenzhen Stock Exchange | | Chinese Name | Kunshan Xinlai Clean Application Materials Co., Ltd. | | Legal Representative | Li Shuibo | [Key Accounting Data and Financial Indicators](index=8&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company achieved operating revenue of **CNY 1.418 billion**, a **11.83% increase**, and net profit attributable to shareholders of **CNY 140 million**, a **26.91% increase** 2024 Semi-Annual Key Financial Data | Indicator | Current Period (CNY) | Prior Year Period (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,418,163,364.18 | 1,268,145,518.13 | 11.83% | | Net Profit Attributable to Shareholders | 140,480,355.13 | 110,690,448.85 | 26.91% | | Net Cash Flow from Operating Activities | 91,969,229.06 | 108,174,676.25 | -14.98% | | Basic Earnings Per Share (CNY/share) | 0.3445 | 0.27 | 27.59% | | Weighted Average Return on Net Assets | 7.63% | 6.71% | 0.92% | | **Indicator** | **End of Current Period (CNY)** | **End of Prior Year (CNY)** | **YoY Change** | | Total Assets | 4,537,026,901.76 | 4,350,299,415.85 | 4.29% | | Net Assets Attributable to Shareholders | 1,895,771,979.78 | 1,779,788,600.99 | 6.52% | [Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) The company's total non-recurring gains and losses amounted to **CNY 8.348 million**, primarily from government subsidies recognized in current profit and loss Non-Recurring Gains and Losses Items | Item | Amount (CNY) | | :--- | :--- | | Losses from disposal of non-current assets | -106,240.34 | | Government subsidies recognized in current profit and loss | 11,358,990.94 | | Other non-operating income and expenses | -1,066,219.33 | | Individual income tax refunds | 165,058.83 | | Less: Income tax impact | 2,003,499.54 | | Less: Impact of minority interests (after tax) | 5.38 | | **Total** | **8,348,085.18** | [Management Discussion and Analysis](index=10&type=section&id=Item%20III.%20Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's business operations, financial performance, core competencies, and risk factors during the reporting period [Principal Business](index=10&type=section&id=I.%20Principal%20Business%20Activities%20During%20the%20Reporting%20Period) The company's main business involves R&D, production, and sales of clean and ultra-high purity application materials for food safety, biopharmaceuticals, and pan-semiconductor industries - The company's principal business covers food safety, biopharmaceuticals, and pan-semiconductor sectors, providing clean and high-purity application materials[17](index=17&type=chunk) - Wholly-owned subsidiary Shandong Bihai offers integrated services for aseptic packaging materials and filling equipment for liquid food[17](index=17&type=chunk) - Net profit increased due to recovering market demand in the semiconductor industry and growing domestic market share in the food sector[22](index=22&type=chunk) [Analysis of Core Competencies](index=13&type=section&id=II.%20Analysis%20of%20Core%20Competencies) The company's core strengths include stringent quality management, extensive international certifications, strong R&D capabilities, diverse customer resources, and leading intelligent and digital transformation - The company operates across food, pharmaceutical, and pan-semiconductor industries, boasting a stringent quality management system, advanced technology, and numerous domestic and international certifications[23](index=23&type=chunk)[26](index=26&type=chunk) - The company possesses strong R&D capabilities and core process technologies, holding **295** authorized patents by the end of the reporting period[27](index=27&type=chunk) - Actively promoting "intelligent transformation and digital upgrade," the company achieved significant results in digitalization and intelligence, earning honors such as Jiangsu Provincial Demonstration Intelligent Workshop and National 5G Factory[29](index=29&type=chunk)[30](index=30&type=chunk) Core Competencies by Application Area | Application Area | Core Competency Summary | | :--- | :--- | | **Food Safety** | Full industry chain layout, offering aseptic packaging materials, aseptic filling machines, integrated services, and clean materials, with FDA, 3A, EHEDG, and other certifications | | **Biopharmaceuticals** | Specializing in aseptic solutions with a comprehensive product line, the first in Asia to achieve ASME BPE pipe and fitting dual certification, with materials and processes meeting biopharmaceutical grade requirements | | **Semiconductor Vacuum** | "AdvanTorr" brand offers a rich product line, achieving vacuum levels up to **10⁻¹² Torr**, with materials and processes meeting ISO, ASTM, and other international standards, applied in semiconductors, displays, and photovoltaics | | **UHP Applications** | "Nanopure" brand products include ultra-high purity pipes, fittings, valves, etc., using VIM+VAR materials, with surface roughness Ra ≤ **0.13µm**, and cleanroom packaging in Class **100** environments | [Analysis of Principal Business](index=18&type=section&id=III.%20Analysis%20of%20Principal%20Business) During the reporting period, operating revenue increased by **11.83%**, operating costs by **10.72%**, with a slight improvement in overall gross margin, driven by strong growth in pan-semiconductor business Year-on-Year Changes in Key Financial Data | Item | Current Period (CNY) | Prior Year Period (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,418,163,364.18 | 1,268,145,518.13 | 11.83% | | Operating Cost | 1,055,590,267.43 | 953,371,992.82 | 10.72% | | Net Cash Flow from Financing Activities | 65,583,442.65 | 7,445,595.70 | 780.84% | Revenue by Product/Service | By Product or Service | Operating Revenue (CNY) | YoY Change in Operating Revenue | Gross Margin | | :--- | :--- | :--- | :--- | | Clean Application Materials | 232,627,291.94 | 5.95% | 25.09% | | High Purity and Ultra-High Purity Application Materials | 446,919,124.16 | 48.01% | 28.34% | | Aseptic Packaging Materials | 647,829,760.56 | 9.81% | 24.56% | | Food Equipment | 90,787,187.52 | -42.06% | 20.32% | | **By Industry** | **Operating Revenue (CNY)** | **YoY Change in Operating Revenue** | **Gross Margin** | | Food Category | 802,674,728.44 | 0.07% | 22.74% | | Pharmaceutical Category | 168,569,511.58 | 2.76% | 31.67% | | Pan-Semiconductor | 446,919,124.16 | 48.01% | 28.34% | [Analysis of Assets and Liabilities](index=19&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) As of the end of the reporting period, total assets were **CNY 4.537 billion**, a **4.29% increase** from the previous year-end, with inventory being the largest component at **35.02%** Asset Composition | Item | Amount at End of Current Period (CNY) | % of Total Assets | Amount at End of Prior Year (CNY) | % of Total Assets | | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 362,003,107.73 | 7.98% | 295,991,638.48 | 6.80% | | Accounts Receivable | 824,387,277.85 | 18.17% | 753,559,366.17 | 17.32% | | Inventories | 1,588,774,222.45 | 35.02% | 1,583,131,091.53 | 36.39% | | Fixed Assets | 879,951,431.85 | 19.39% | 892,759,806.28 | 20.52% | [Analysis of Major Holding and Participating Companies](index=21&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Shandong Bihai Packaging Materials Co., Ltd. was a significant profit contributor, achieving a net profit of **CNY 80.398 million** during the reporting period Operating Performance of Major Subsidiaries | Company Name | Operating Revenue (CNY) | Operating Profit (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | :--- | | Shandong Bihai Packaging Materials Co., Ltd. | 747,277,742.75 | 95,239,733.90 | 80,398,306.58 | | Xinlai Application Materials Technology Co., Ltd. | 65,525,890.91 | 6,210,407.04 | 5,147,792.91 | [Risks and Countermeasures](index=22&type=section&id=X.%20Company%20Risks%20and%20Countermeasures) The company identified six major risks, including supply chain security, operational management, accounts receivable, industry policy, talent management, and goodwill impairment, with corresponding mitigation strategies in place - The company faces key risks including: - **Supply Chain Security Risk**: Reliance on foreign raw material procurement, potentially affected by international trade frictions - **Operational Management Risk**: Increased management complexity due to company expansion - **Accounts Receivable Risk**: Long settlement cycles for business operations, posing bad debt risks - **Industry Policy Risk**: Potential impact from changes in national regulatory policies for the clean application materials industry - **Talent Management Risk**: High demand for core technical and management talent due to rapid growth - **Goodwill Impairment Risk**: Goodwill formed from the acquisition of Shandong Bihai, with uncertainties in its future operating performance[43](index=43&type=chunk)[44](index=44&type=chunk)[45](index=45&type=chunk)[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk) [Corporate Governance](index=27&type=section&id=Item%20IV.%20Corporate%20Governance) This section details the company's corporate governance structure, including shareholder meetings and profit distribution plans [Shareholders' Meeting Information](index=27&type=section&id=I.%20Information%20on%20Annual%20and%20Extraordinary%20Shareholders'%20Meetings%20Held%20During%20the%20Reporting%20Period) The company held its 2023 Annual Shareholders' Meeting on May 22, 2024, with a **57.82%** investor participation rate - The company held its 2023 Annual Shareholders' Meeting on May 22, 2024[53](index=53&type=chunk) [Profit Distribution Plan](index=27&type=section&id=III.%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital%20During%20the%20Reporting%20Period) The company plans no cash dividends, bonus shares, or capital reserve conversions for the 2024 semi-annual period - The company has no profit distribution or capital reserve conversion plans for the 2024 semi-annual period[55](index=55&type=chunk) [Environmental and Social Responsibility](index=28&type=section&id=Item%20V.%20Environmental%20and%20Social%20Responsibility) This section outlines the company's environmental protection measures and its commitment to social responsibility, including charitable contributions [Environmental Protection](index=28&type=section&id=I.%20Significant%20Environmental%20Issues) The company is a key polluting entity, strictly adhering to environmental regulations, implementing various pollution control measures, and reporting no administrative penalties for environmental issues - The company is designated as a key polluting entity by environmental protection authorities and strictly adheres to all environmental laws and regulations[56](index=56&type=chunk) - The company has implemented various measures to treat wastewater, exhaust gas, solid waste, and noise, and has established emergency plans for environmental incidents[58](index=58&type=chunk)[60](index=60&type=chunk)[61](index=61&type=chunk)[62](index=62&type=chunk)[66](index=66&type=chunk) - To reduce carbon emissions, the company adopted digital management, optimized production processes, and installed solar photovoltaic panels, reducing carbon emissions by approximately **774 tons** in 2023[66](index=66&type=chunk) [Social Responsibility](index=33&type=section&id=II.%20Social%20Responsibility) The company actively fulfills its social responsibilities by operating legally, protecting shareholder and employee rights, and engaging in social welfare initiatives - The company prioritizes shareholder rights protection, communicates with investors through various channels, and implemented the 2023 profit distribution and share repurchase plan[70](index=70&type=chunk) - The company safeguards employees' legal rights, strictly adheres to labor laws, and provides various benefits and training opportunities[71](index=71&type=chunk) - During the reporting period, the company and its subsidiaries donated a total of **CNY 540,000** to public welfare initiatives, including the Taiwan Hualien earthquake disaster area and Project Hope schools[72](index=72&type=chunk) [Significant Matters](index=35&type=section&id=Item%20VI.%20Significant%20Matters) This section covers important commitments made by the company and its related parties, as well as significant guarantees provided during the reporting period [Commitments](index=35&type=section&id=I.%20Commitments%20Fulfilled%20and%20Overdue%20Unfulfilled%20Commitments%20by%20Controlling%20Shareholders%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20and%20as%20of%20the%20End%20of%20the%20Reporting%20Period) The company's controlling shareholders and related parties fully complied with their commitments regarding share lock-up, avoiding competition, and regulating related-party transactions - The company's controlling shareholders and related parties have complied with commitments such as share lock-up and avoiding horizontal competition, demonstrating good performance[73](index=73&type=chunk)[74](index=74&type=chunk) [Significant Guarantees](index=40&type=section&id=2.%20Significant%20Guarantees) The company primarily provided guarantees for its subsidiary, Shandong Bihai Packaging Materials Co., Ltd., with an actual guarantee balance of **CNY 292.76 million** at period-end Guarantees Provided to Subsidiaries | Item | Amount (Ten Thousand CNY) | | :--- | :--- | | Total approved guarantee limit for subsidiaries during the reporting period | 74,500 | | Total approved guarantee limit for subsidiaries at the end of the reporting period | 74,500 | | Total actual guarantee balance for subsidiaries at the end of the reporting period | 29,276 | | Ratio of total actual guarantees to the company's net assets | 15.44% | [Share Changes and Shareholder Information](index=42&type=section&id=Item%20VII.%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share capital and the composition of its shareholders during the reporting period [Share Change Information](index=42&type=section&id=1.%20Share%20Change%20Information) The company's total share capital remained unchanged, but **8,760,240** restricted shares were converted to unrestricted shares due to executive departures, while share repurchases continued - Due to executive departures, **8,760,240** restricted shares were converted to unrestricted shares, changing the share structure while total share capital remained constant[89](index=89&type=chunk)[90](index=90&type=chunk) - The company continued its share repurchase plan, having repurchased **2,013,571** shares, representing **0.4938%** of total share capital, for a total of **CNY 53.5621 million** as of June 30, 2024[90](index=90&type=chunk) [Shareholder Numbers and Shareholding Information](index=44&type=section&id=III.%20Shareholder%20Numbers%20and%20Shareholding%20Information) As of the reporting period end, the company had **27,329** common shareholders, with the top four shareholders, including the actual controllers, holding over **55%**, indicating a concentrated and stable equity structure Top Ten Shareholders' Shareholding Information | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Li Shuibo | Foreign Natural Person | 25.06% | 102,200,850 | | Shen Anyun | Foreign Natural Person | 16.71% | 68,145,300 | | Li Baihua | Foreign Natural Person | 6.90% | 28,127,089 | | Li Baiyuan | Foreign Natural Person | 6.88% | 28,068,894 | | Southern Information Innovation Mixed Securities Investment Fund | Other | 2.16% | 8,798,726 | - Li Shuibo and Shen Anyun are a married couple and the company's actual controllers; Li Baihua and Li Baiyuan are their eldest and second sons, acting in concert[92](index=92&type=chunk)[93](index=93&type=chunk) [Information on Preferred Shares](index=47&type=section&id=Item%20VIII.%20Information%20on%20Preferred%20Shares) This section confirms that the company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[97](index=97&type=chunk) [Information on Bonds](index=48&type=section&id=Item%20IX.%20Information%20on%20Bonds) This section confirms that the company had no bond-related activities during the reporting period - The company had no bond-related situations during the reporting period[98](index=98&type=chunk) [Financial Report](index=49&type=section&id=Item%20X.%20Financial%20Report) This section includes the company's unaudited semi-annual financial statements, comprising balance sheets, income statements, cash flow statements, and notes [Audit Report](index=49&type=section&id=I.%20Audit%20Report) The company's 2024 semi-annual financial report was not audited - The company's semi-annual financial report was unaudited[99](index=99&type=chunk) [Financial Statements](index=49&type=section&id=II.%20Financial%20Statements) This chapter presents the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for H1 2024 [Consolidated Balance Sheet](index=49&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of June 30, 2024, total assets were **CNY 4.537 billion**, total liabilities **CNY 2.634 billion**, and owners' equity attributable to the parent company **CNY 1.896 billion**, maintaining a stable structure Key Items from Consolidated Balance Sheet | Item | Balance at Period-End (CNY) | Balance at Period-Beginning (CNY) | | :--- | :--- | :--- | | **Total Assets** | **4,537,026,901.76** | **4,350,299,415.85** | | Inventories | 1,588,774,222.45 | 1,583,131,091.53 | | Accounts Receivable | 824,387,277.85 | 753,559,366.17 | | Fixed Assets | 879,951,431.85 | 892,759,806.28 | | **Total Liabilities** | **2,633,815,846.09** | **2,562,878,150.66** | | Short-term Borrowings | 703,909,182.44 | 705,432,989.46 | | Long-term Borrowings | 428,711,786.79 | 478,568,692.03 | | **Total Owners' Equity Attributable to Parent Company** | **1,895,771,979.78** | **1,779,788,600.99** | [Consolidated Income Statement](index=54&type=section&id=3.%20Consolidated%20Income%20Statement) In H1 2024, total operating revenue reached **CNY 1.418 billion**, up **11.83%**, and net profit was **CNY 140 million**, up **27.34%** (based on net profit from continuing operations), indicating enhanced profitability Key Items from Consolidated Income Statement | Item | H1 2024 (CNY) | H1 2023 (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 1,418,163,364.18 | 1,268,145,518.13 | | Total Operating Cost | 1,269,791,725.85 | 1,144,391,802.31 | | R&D Expenses | 50,132,370.49 | 44,582,138.28 | | Operating Profit | 159,755,189.48 | 128,381,576.97 | | Total Profit | 158,688,970.15 | 124,049,360.57 | | Net Profit | 140,286,766.82 | 110,473,498.57 | | Net Profit Attributable to Parent Company Shareholders | 140,480,355.13 | 110,690,448.85 | [Consolidated Cash Flow Statement](index=56&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) In H1 2024, net cash flow from operating activities was **CNY 91.9692 million**, a **14.98% decrease**, with net cash outflow from investing activities of **CNY 136 million** and net cash inflow from financing activities of **CNY 65.5834 million** Consolidated Cash Flow Statement Summary | Item | H1 2024 (CNY) | H1 2023 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 91,969,229.06 | 108,174,676.25 | | Net Cash Flow from Investing Activities | -135,640,582.58 | -154,985,748.34 | | Net Cash Flow from Financing Activities | 65,583,442.65 | 7,445,595.70 | | Net Increase in Cash and Cash Equivalents | 23,956,541.62 | -38,303,059.93 | [Notes to Consolidated Financial Statement Items](index=95&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This chapter provides detailed breakdowns and explanations for significant consolidated financial statement items, including cash, accounts receivable, inventories, fixed assets, and borrowings - As of period-end, accounts receivable had a book balance of **CNY 874 million**, with a bad debt provision of **CNY 49.1582 million**, resulting in a book value of **CNY 824 million**; approximately **94%** of accounts receivable were within one year[244](index=244&type=chunk)[245](index=245&type=chunk)[246](index=246&type=chunk) - As of period-end, inventory book value was **CNY 1.589 billion**, largely unchanged from the beginning of the period, with raw materials and merchandise inventory each accounting for approximately **CNY 628 million** and **CNY 625 million** respectively[260](index=260&type=chunk) - As of period-end, short-term borrowings totaled **CNY 704 million**, and long-term borrowings amounted to **CNY 429 million**[288](index=288&type=chunk)[300](index=300&type=chunk) [Notes to Parent Company Financial Statement Items](index=146&type=section&id=XIX.%20Notes%20to%20Parent%20Company%20Financial%20Statement%20Items) This chapter provides detailed notes on the parent company's key financial statement items, including accounts receivable, other receivables, long-term equity investments, and revenue and cost composition - The parent company's long-term equity investments in subsidiaries had a book value of **CNY 853 million** at period-end, an increase of **CNY 15 million** from the beginning of the period, primarily due to additional investment in Kunshan Fangxin Precision Technology Co., Ltd[356](index=356&type=chunk)[357](index=357&type=chunk) - The parent company achieved operating revenue of **CNY 553 million** and operating costs of **CNY 412 million** for the current period[359](index=359&type=chunk) - The parent company recognized investment income of **CNY 30 million** for the current period, derived from long-term equity investments accounted for using the cost method[359](index=359&type=chunk) [Supplementary Information](index=153&type=section&id=XX.%20Supplementary%20Information) This chapter provides a detailed statement of non-recurring gains and losses, along with supplementary financial indicators such as return on net assets and earnings per share Return on Net Assets and Earnings Per Share | Profit for the Reporting Period | Weighted Average Return on Net Assets | Basic Earnings Per Share (CNY/share) | Diluted Earnings Per Share (CNY/share) | | :--- | :--- | :--- | :--- | | Net profit attributable to common shareholders of the company | 7.63% | 0.3445 | 0.3445 | | Net profit attributable to common shareholders of the company after deducting non-recurring gains and losses | 7.18% | 0.324 | 0.324 |

2024 年 8 月 27 日 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：昆山新莱洁净应用材料股份有限公司 单位：万元 | 非经营性 | | 占用方与上市 | 上市公司核算 | 年期初 2024 | 2024 年上半年度 | 2024 年上半年 | 2024 年上半年 | 2024 年上半年 | 占用形 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 资金占用 | 资金占用方名称 | 公司 | 的会计科目 | 占用资金余额 | 占用累计发生金 | 度占用资金的 | 度偿还累计发 | 度期末占用资 | 成原因 | 占用性质 | | | | 的关联关系 | | | 额（不含利息） | 利息（如有） | 生金额 | 金余额 | | | | 控股股东、实际控制 | | | | | | | | | | 非经营性占用 | | 人及其附属企业 | | | | | | | | | | 非经营性占用 | | 小计 | — | — | — | | | | | | | — | | 前控股股东、实际控 ...

证券代码：300260 证券简称：新莱应材 公告编号：2024-029 昆山新莱洁净应用材料股份有限公司 关于回购公司股份期限届满暨回购完成的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 重要内容提示： 昆山新莱洁净应用材料股份有限公司（以下简称"公司"）于2023年8月25日 召开第五届董事会第十六次会议和第五届监事会第十六次会议，审议通过了《关 于回购公司部分股份方案的议案》，同意公司使用自有资金以集中竞价交易的方 式回购公司部分股份，用于员工持股计划或者股权激励。本次用于回购的资金总 额不低于人民币5,000万元（含）且不超过人民币10,000万元（含），回购股份的 价格不超过人民币43元/股（含），具体回购股份的金额以回购实施完成时实际回 购的金额为准。本次回购股份的实施期限为自公司董事会审议通过本次回购方案 之日起12个月内。具体情况详见公司于2023年8月29日披露在巨潮资讯网 （www.cninfo.com.cn）的《关于回购公司部分股份方案的公告》（公告编号：2023- 091）及《回购股份报告书》（公告编号：2023-045）。 截至本公告 ...