Revenue and Profit - Revenue for Q3 2022 reached ¥516,045,658.59, an increase of 40.82% compared to the same period last year, and a total of ¥1,371,354,278.87 for the year-to-date, up 35.51%[6] - Net profit attributable to shareholders decreased by 58.66% to ¥27,651,789.94 for Q3 2022, and year-to-date net profit decreased by 32.90% to ¥130,871,284.87[6] - Basic earnings per share for Q3 2022 were ¥0.0973, down 58.96% year-on-year, with diluted earnings per share also at ¥0.0973, a decrease of 58.96%[6] - The net profit for Q3 2022 was CNY 130,871,284.87, a decrease of 32.8% compared to CNY 195,031,571.32 in Q3 2021[46] - The operating profit for Q3 2022 was CNY 154,627,152.41, down from CNY 228,887,917.11 in the same period last year, reflecting a decline of 32.4%[46] - The company reported a total profit of CNY 152,892,363.80 for Q3 2022, down from CNY 228,554,346.01 in the same quarter last year, marking a decline of 33.1%[46] Assets and Liabilities - Total assets increased by 45.54% to ¥3,088,240,055.67 compared to the end of the previous year[6] - The company's total assets as of September 30, 2022, were ¥3,088,240,055.67, compared to ¥2,121,907,514.98 at the beginning of the year, reflecting a growth of 45.6%[44] - Current assets totaled ¥1,549,671,175.81, a significant increase of 38.3% from ¥1,120,986,527.58 at the start of the year[43] - Non-current assets reached ¥1,538,568,879.86, up 53.5% from ¥1,000,920,987.40 at the beginning of the year[43] - The company's total liabilities increased to ¥1,123,615,042.25, compared to ¥303,889,580.14 at the start of the year, marking a rise of 270%[44] Cash Flow - The company’s cash flow from operating activities decreased by 49.79% year-to-date, totaling ¥51,931,669.34[6] - The cash flow from operating activities decreased by 49.79% compared to the same period last year, amounting to a net cash flow of -51.50 million yuan, primarily due to increased cash expenditures for raw material purchases[29] - Cash flow from operating activities generated a net amount of CNY 51,931,669.34, a decrease of 49.8% from CNY 103,432,847.28 in the previous year[48] - The cash received from tax refunds increased by 1,910.24%, totaling 67.55 million yuan, mainly due to an increase in VAT refunds[29] - Cash paid for purchasing goods and services rose by 48.02%, amounting to 202.66 million yuan, attributed to higher cash outflows for raw material procurement[29] - Cash flow from financing activities resulted in a net increase of CNY 521,865,219.76, compared to a net decrease of CNY -137,122,926.75 in Q3 2021[49] Investment and Expenditures - The cash paid for the construction of fixed assets and intangible assets increased by 175.44%, amounting to 294.44 million yuan, mainly due to increased expenditures on production line projects[32] - The company’s cash flow from investment activities decreased by 5,443.84%, totaling -529.39 million yuan, primarily due to reduced net redemptions of financial products and increased expenditures on production line projects[32] - Total cash inflow from investment activities was CNY 421,110,541.17, compared to CNY 860,978,206.32 in the prior year, indicating a significant drop of 51.1%[48] - The net cash flow from investment activities was negative at CNY -519,669,333.82, contrasting with a positive CNY 9,724,634.81 in the same period last year[49] Research and Development - Research and development expenses rose by ¥12,978,100, an increase of 34.57%, due to higher investment in new product development[25] - Research and development expenses increased to ¥50,522,138.80, representing a 34.5% rise from ¥37,544,076.16 in the previous year[45] Production Capacity and Projects - The company is actively advancing the construction of a project with an annual production capacity of 250,000 tons of functional polyester special films[38] - As of the reporting period, two production lines for high-end functional polyester films with an annual capacity of 500 million square meters have been completed and are in operation[38] Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 14,306[36] Market Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[45]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥855,308,620.28, representing a 32.50% increase compared to ¥645,505,556.72 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 19.45% to ¥103,219,494.93 from ¥128,137,173.23 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥98,251,575.66, down 18.84% from ¥121,060,405.12 in the previous year[21]. - Basic earnings per share decreased by 17.67% to ¥0.3654 from ¥0.4438 in the previous year[21]. - The gross profit margin decreased by approximately nine percentage points compared to the same period last year due to various market pressures[34]. - The company reported a total revenue of 202,266 thousand RMB for the first half of 2022, representing a 10.6% increase compared to 223,663 thousand RMB in the same period of the previous year[87]. - The company reported a total of 1,572,471,394.85 in current assets, up from 1,120,986,527.58, marking an increase of 40.29%[149]. - The total comprehensive income attributable to the parent company was CNY 103.22 million, down from CNY 128.14 million, indicating a decline of 19.4%[161]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥54,948,777.15, a decline of 164.34% compared to -¥20,786,856.36 in the same period last year[21]. - The company's cash and cash equivalents increased by 271.61% to ¥184,000,998.16, primarily due to the issuance of convertible bonds[48]. - The cash interest coverage ratio dropped significantly to -21.10 from 2.75, indicating a decline of 866.83%[145]. - The company's current ratio decreased to 4.09 from 4.45, a decline of 8.09%[145]. - The total liabilities increased to CNY 956.56 million from CNY 303.66 million, representing a growth of 214.5%[155]. - The company reported a cash outflow of 501,499,248.84 CNY from operating activities, which is higher than 408,259,476.82 CNY in the same period of 2021, indicating increased operational costs[166]. Investment and R&D - Research and development expenses increased by 46.13% to ¥31,947,295.15, compared to ¥21,861,508.90, reflecting higher investment in new product development and testing[48]. - The company has established stable partnerships with research institutions, including Zhejiang University and Changzhou University, to enhance its R&D capabilities in polymer films[44]. - The company is actively developing new products and adjusting its product structure to meet market demands[76]. - Investment in R&D has increased by 30%, focusing on the development of new technologies and products to enhance competitive advantage[95]. Market and Competitive Position - The company is actively promoting specialty films and new products, maintaining a leading position in the solar backsheet and textile yarn base film markets[34]. - The company has established a strong market position in the electrical insulation and electronic materials sectors, with steady growth in sales[34]. - The company has become one of the largest manufacturers of medium-thick special functional polyester films in China, leveraging the advantages of the Yangtze River Delta industrial chain[42]. - The company plans to expand its market presence through new product development and technology advancements[57]. Risks and Challenges - The company faces risks including raw material price fluctuations and increased market competition, which may impact future performance[4]. - The company faces risks from fluctuations in raw material prices, particularly polyester chips, which could impact cost control[74]. - The company will not distribute cash dividends or issue bonus shares for the half-year period[84]. - The company faces risks related to the cyclical nature of the solar energy industry, which could impact overall sales if market conditions fluctuate[75]. Corporate Governance and Compliance - The company has adhered to legal and regulatory requirements, ensuring accurate and timely information disclosure to investors[90]. - The company has committed to avoiding any competition with its subsidiaries and has not engaged in any competitive activities in China or abroad[94]. - The company has pledged to disclose any unfulfilled commitments and provide alternative commitments to protect shareholder rights[94]. - The company has not reported any changes in the use of raised funds, maintaining a 0.00% change ratio[61]. Shareholder Information - The total number of shares outstanding is 288,753,000, with 19.45% held as restricted shares and 80.55% as unrestricted shares[122]. - Major shareholders include Wang Jianxin with 23.62% and Beijing Renshi Real Estate Development Group with 13.62%[125]. - The company has 14,131 total shareholders at the end of the reporting period[125]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2022, representing a year-on-year growth of 20%[95].

Financial Performance - The company's revenue for Q1 2022 was ¥386,255,263.88, representing a 24.19% increase compared to ¥311,009,899.83 in the same period last year[3] - Net profit attributable to shareholders decreased by 8.65% to ¥59,647,837.54 from ¥65,294,661.99 year-on-year[3] - The company's basic earnings per share decreased by 6.50% to ¥0.2114 from ¥0.2261 in the same period last year[3] - The total operating revenue for Q1 2022 was CNY 386,255,263.88, an increase of 24.1% compared to CNY 311,009,899.83 in the same period last year[21] - The net profit for Q1 2022 was CNY 59,647,837.54, a decrease of 8.4% from CNY 65,294,661.99 in Q1 2021[22] Cash Flow - The net cash flow from operating activities was negative at -¥87,549,074.07, a decline of 346.14% compared to -¥19,623,504.43 in the previous year[3] - The cash flow from operating activities in Q1 2022 was CNY 116,283,064.53, compared to CNY 205,736,968.67 in the previous period[25] - Total cash inflow from operating activities was 120,227,820.10 CNY, while cash outflow was 207,776,894.17 CNY, resulting in a net cash outflow of 87,549,074.07 CNY[26] - Cash flow from investment activities showed a net outflow of -103,034,067.18 CNY, a decrease from a net inflow of 39,389,790.56 CNY in the previous year[27] - The company received 75,000,000.00 CNY from investment recoveries, a decrease from 409,350,000.00 CNY in the previous year[26] Assets and Liabilities - Total assets increased by 4.34% to ¥2,213,895,239.56 from ¥2,121,907,514.98 at the end of the previous year[3] - The total liabilities increased to CNY 334,756,448.52 in Q1 2022 from CNY 303,889,580.14 in Q1 2021, representing an increase of 10.2%[19] - The total current assets decreased from 1,120,986,527.58 RMB at the beginning of the year to 1,060,903,254.06 RMB at the end of the reporting period[17] - The cash and cash equivalents decreased from 476,645,096.80 RMB to 293,600,368.20 RMB during the same period[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,804[10] - The largest shareholder, Wang Jianxin, holds 23.62% of the shares, totaling 68,213,400 shares[10] - The total number of shares held by the top ten shareholders accounts for a significant portion of the company's equity, indicating concentrated ownership[10] Investments and Projects - The company has completed the installation of the main equipment for the second production line of the 500 million square meters high-end functional polyester film project[14] - The first production line of the offline coating project has been put into production, with the second line's main equipment installed and in the debugging phase[14] - The company plans to accelerate the construction progress of its projects to achieve early production[14] Research and Development - Research and development expenses for Q1 2022 were CNY 12,690,443.10, which is an increase of 20.4% compared to CNY 10,541,687.91 in Q1 2021[22] Other Financial Metrics - Operating costs increased by 38.90% to ¥33,000,000, primarily due to increased sales volume and rising raw material prices[7] - Cash received from sales decreased by 43.48% to ¥11,600,000 compared to the same period last year[8] - The company reported a financial income of CNY 1,332,390.37 in Q1 2022, down from CNY 2,848,241.81 in Q1 2021[22] - The deferred income as of Q1 2022 was CNY 50,330,558.35, a slight decrease from CNY 52,170,157.63 in the same period last year[19] Audit Status - The first quarter report was not audited, indicating that the figures may be subject to change[28]

Financial Performance - The company's operating revenue for 2021 was CNY 1,365,126,378.96, representing a 36.48% increase compared to CNY 1,000,211,314.28 in 2020[16]. - The net profit attributable to shareholders for 2021 was CNY 241,242,934.89, a 54.45% increase from CNY 156,197,258.34 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 226,190,630.56, up 78.34% from CNY 126,830,447.44 in 2020[16]. - The basic earnings per share for 2021 was CNY 0.8451, reflecting a 56.01% increase from CNY 0.5417 in 2020[16]. - The total assets at the end of 2021 amounted to CNY 2,121,907,514.98, a 9.32% increase from CNY 1,940,919,121.28 at the end of 2020[16]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,818,017,934.84, an 8.66% increase from CNY 1,673,120,540.34 in 2020[16]. - The net cash flow from operating activities for 2021 was CNY 168,480,215.72, which is a 37.96% increase compared to CNY 122,119,172.50 in 2020[16]. - The weighted average return on equity for 2021 was 13.87%, up from 9.84% in 2020[16]. Market and Industry Trends - The domestic photovoltaic industry saw a 13.90% year-over-year increase in newly installed capacity, reaching 54.88 GW in 2021, with expectations for continued growth in the coming years[31]. - The overall demand for functional polyester films is expected to continue growing rapidly in the industrial sector, driven by advancements in raw materials and processing technologies[27]. - The demand for functional polyester films in the photovoltaic backsheet market continues to grow, driven by the rapid development of the solar photovoltaic industry and the emergence of new applications such as transparent backsheets[32]. - In 2021, the production capacity of power lithium batteries in China reached 220 GWh, a year-on-year increase of 165%, indicating a significant growth in demand for functional polyester films used in battery applications[34]. - The company is actively expanding its market presence, focusing on both domestic sales and international markets, with a self-operated export sales model[34]. Product Development and Innovation - The company is advancing the construction of a high-end functional polyester film project with an annual production capacity of 500 million square meters and a special solar backsheet polyester film production line with an annual capacity of 28,000 tons[27]. - The company is expanding its precision coating processing business to enhance the functionality of polyester films, targeting applications in optical release films and protective films[28]. - The company is focused on continuous improvement of product quality, achieving higher product yield rates through standardized quality control processes[48]. - The company emphasizes innovation and R&D, with ongoing development of new products such as high-transparency polyester films and medical film applications[46]. - The company is developing new products such as high-transparency low-haze conductive films and OCA optical adhesive films, which are expected to enhance market competitiveness[64]. Financial Management and Investments - The company issued 6 million convertible bonds, raising a total of ¥600 million, with a net amount of ¥591 million after deducting issuance costs[50]. - The company has a design capacity of 120,000 tons for polyester films, with a capacity utilization rate of 97.03%[38]. - The company has pledged 12,745.49 million in cash and bills to banks for credit facilities, indicating a reliance on external financing[74]. - The company reported a total of 482 employees at the end of the reporting period, with 336 in production roles[120]. - The company has a training plan that includes various training types, aiming to enhance employee skills and professional qualities[123]. Risk Management - The company faces risks related to raw material price fluctuations, intensified market competition, and high customer concentration[4]. - The company has implemented measures to mitigate the impact of rising raw material prices, including long-term contracts with suppliers[90]. - The company is actively managing project construction risks to ensure timely completion of new production lines[88]. Governance and Compliance - The company has established a robust governance structure in line with legal requirements, enhancing operational transparency and accountability[139]. - The company has maintained effective internal controls related to financial reporting with no significant deficiencies identified during the reporting period[134]. - The company has committed to ensuring independent operations, including independent management and financial systems, to protect shareholder interests[148]. - The company has established a performance evaluation and incentive mechanism linking management compensation to operational performance[90]. Shareholder Structure - The total number of shares outstanding is 288.75 million, with 19.45% being restricted shares[187]. - The company maintains a strong shareholder structure, with 80.55% of shares being unrestricted[187]. - Wang Jianxin is the largest shareholder, holding 23.62% of the shares, equivalent to 68,213,400 shares[192]. - The company has a diverse shareholder base, with significant holdings from both individual and institutional investors[193].

江苏裕兴薄膜科技股份有限公司 2021 年第三季度报告 证券代码：300305 证券简称：裕兴股份 公告编号：2021-083 江苏裕兴薄膜科技股份有限公司 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: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 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 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 366,459,596.11 | 38.30% | 1,011,965,152.83 | ...

Financial Performance - The company's operating revenue for 2020 was ¥1,000,211,314.28, representing a 14.37% increase compared to ¥874,560,326.29 in 2019[13]. - The net profit attributable to shareholders for 2020 was ¥156,197,258.34, a significant increase of 65.52% from ¥94,368,340.12 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was ¥126,830,447.44, up 69.30% from ¥74,914,198.89 in 2019[13]. - The basic earnings per share for 2020 was ¥0.5417, reflecting a 63.26% increase from ¥0.3318 in 2019[13]. - The profit before tax amounted to 180.39 million yuan, a significant increase of 68.24% year-on-year[30]. - The company's net profit for the year 2020 was RMB 156,197,258.34, with cumulative undistributed profits amounting to RMB 630,170,190.97[93]. - The proposed cash dividend for 2020 is RMB 1.63 per 10 shares, totaling RMB 47,066,739.00, which represents 40.03% of the distributable profits for the year[94]. - The cash dividend payout for 2020 is 30.13% of the net profit attributable to shareholders, compared to 31.82% in 2019[94]. Assets and Liabilities - The total assets at the end of 2020 amounted to ¥1,940,919,121.28, an increase of 11.04% from ¥1,747,869,775.62 at the end of 2019[13]. - The net assets attributable to shareholders increased to ¥1,673,120,540.34, a rise of 10.83% compared to ¥1,509,602,192.88 in 2019[13]. - The company's fixed assets increased by 68.96% year-on-year to approximately 516.37 million yuan, primarily due to the completion of the sixth and seventh production lines[66]. - Accounts receivable increased by 60.64% year-on-year to approximately 222.87 million yuan, attributed to increased sales[66]. Production and Sales - In 2020, the company achieved a polyester film production volume of 97,400 tons, representing a year-on-year increase of 26.70%[30]. - The total sales volume of polyester films reached 97,900 tons, an increase of 27.01% compared to the previous year[30]. - The company produced 97,382 tons of polyester film and sold 97,868 tons, marking a year-on-year increase of 26.70% in production and 27.01% in sales volume[52]. - The company completed the construction of two new production lines in the third quarter, enhancing its production capacity[30]. Market Position and Strategy - The company is a leading manufacturer of functional polyester films, with products widely used in the renewable energy, electronic communication, and electrical insulation sectors, indicating a strong market position[22]. - The company has established a direct sales model for domestic sales while actively exploring international markets, enhancing its market reach[26]. - The company aims to enhance market penetration of specialty films and new products, increasing market share in segmented markets[80]. - The company is actively collaborating with research institutions and downstream customers to enhance product competitiveness through joint development[84]. Research and Development - The company has developed core technologies for functional polyester film production, which have been recognized by major brand enterprises in the solar energy and electrical insulation sectors[22]. - The company is increasing R&D investment to develop functional polyester materials, with a focus on new product development and quality improvement[81]. - The company has established a stable cooperation relationship with universities for technology research and development, enhancing its R&D capabilities[43]. Risks and Challenges - The company is facing risks related to raw material price fluctuations, intensified market competition, and high accounts receivable balances[4]. - The average selling price of polyester film decreased by 11.21% due to the impact of COVID-19 and macroeconomic conditions[50]. - The company acknowledges risks related to raw material price fluctuations and intensified market competition, and it plans to adjust procurement strategies accordingly[82]. Governance and Management - The company has established a complete governance structure to ensure independent operations and decision-making[96]. - The company implemented a third employee stock ownership plan to stabilize the management team and enhance employee motivation[42]. - The company’s management team includes experienced professionals with backgrounds in engineering and economics, contributing to its operational strategy[155][156][157]. - The company has established a performance evaluation incentive system linking management compensation to business performance, ensuring transparency in the hiring of senior management[173]. Corporate Social Responsibility - The company has fulfilled its corporate social responsibility by creating wealth, providing employment, and paying taxes since its establishment[128]. - The company and its subsidiaries have complied with environmental protection laws and have not faced penalties for violations during the reporting period[131].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 645,505,556.72, representing a 60.42% increase compared to CNY 402,383,321.37 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2021 was CNY 128,137,173.23, a significant increase of 131.43% from CNY 55,366,502.61 in the previous year[20]. - The net profit after deducting non-recurring gains and losses reached CNY 121,060,405.12, marking a 165.94% increase compared to CNY 45,521,647.91 in the same period last year[20]. - The basic earnings per share for the first half of 2021 was CNY 0.4438, up 130.79% from CNY 0.1923 in the previous year[20]. - The company achieved a revenue of 646 million yuan, representing a year-on-year increase of 60.42%[27]. - Net profit reached 128 million yuan, a significant growth of 131.43% compared to the same period last year[27]. - The gross profit margin improved by 5.7 percentage points compared to the previous year, enhancing overall operational efficiency[27]. - The gross profit margin for functional polyester films was 30.01%, with a year-on-year increase of 6.24%[43]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,927,652,532.77, a slight decrease of 0.68% from CNY 1,940,919,121.28 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 1.20% to CNY 1,693,210,912.34 from CNY 1,673,120,540.34 at the end of the previous year[20]. - The company's cash and cash equivalents decreased by 5.66% to CNY 312.76 million, accounting for 16.23% of total assets[46]. - Accounts receivable decreased by 1.77% to CNY 187.17 million, representing 9.71% of total assets[46]. - Inventory increased by 1.54% to CNY 67.58 million, primarily due to increased production capacity from new production lines[46]. - The company reported a significant increase in accounts payable, which rose by 6.39% to CNY 317.99 million, mainly due to received bank acceptance bills[46]. - Total liabilities decreased from CNY 267,798,580.94 to CNY 234,441,620.43, a decline of about 12.5%[130]. Cash Flow - The company reported a net cash flow from operating activities of CNY -20,786,856.36, a decline of 125.91% compared to CNY 80,222,586.83 in the same period last year[20]. - The company achieved a total cash inflow from operating activities of ¥379,300,865.64 in the first half of 2021, compared to ¥335,447,696.73 in the same period of 2020[144]. - Cash inflow from investment activities was 702,646,418.06 CNY, with cash outflow totaling 662,568,937.60 CNY, leading to a net cash flow of 40,077,480.46 CNY[146]. - Cash inflow from financing activities was 36,000,000.00 CNY, while cash outflow reached 162,265,154.54 CNY, resulting in a net cash flow of -126,265,154.54 CNY[146]. Research and Development - The company added 3 new patent authorizations and applied for 1 new patent, bringing the total to 61 patents by the end of the reporting period[31]. - Research and development expenses increased by 30.15% to ¥21,861,508.90, reflecting a commitment to innovation and product development[41]. - The company is committed to technological research and development, optimizing core indicators and achieving breakthroughs in key technologies and processes[31]. - The company has established stable partnerships with several research institutions, enhancing its R&D capabilities and product innovation[35]. Market and Competition - The management highlighted risks including raw material price fluctuations and increased market competition, urging investors to remain cautious[5]. - The company is actively expanding its product line, focusing on differentiated products to meet market and customer demands[28]. - The company is focusing on technological and product innovation to enhance its competitive edge in the functional polyester film market[65]. - The company’s market share in solar backsheet films and other specialized polyester films continues to grow, maintaining a leading position in its niche markets[36]. Corporate Governance and Compliance - The company has implemented strict measures to comply with environmental regulations and has not faced any administrative penalties during the reporting period[78]. - The company has committed to avoiding any competition with its actual controller and related parties, ensuring independent operations[85]. - The company has established a safety and environmental department to implement safety responsibilities and management systems[81]. - The company emphasizes collaboration with reputable listed companies to ensure better credit and repayment capabilities[66]. Future Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[156]. - The future outlook remains cautious due to market volatility, but the company is optimistic about recovery in the second half of the year[156]. - The company aims to explore potential mergers and acquisitions to strengthen its market position and expand its product offerings[156]. Shareholder Information - The employee stock ownership plan has a total of 4,745,034 shares, accounting for 1.64% of the company's total equity[76]. - The company reported a profit distribution of approximately 66.7 million yuan to shareholders during the period[161]. - The top five customers accounted for 47.68% of the total revenue, amounting to 308 million yuan in the first half of 2021, indicating a high customer concentration risk[65]. - The company has a total receivable balance of 247 million yuan, which poses a risk of bad debts if customers face financial difficulties[66].

江苏裕兴薄膜科技股份有限公司 2021 年第一季度报告全文 公司负责人王建新、主管会计工作负责人王长勇及会计机构负责人(会计主 管人员)王长勇声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏裕兴薄膜科技股份有限公司 2021 年第一季度报告全文 江苏裕兴薄膜科技股份有限公司 2021 年第一季度报告 2021 年 04 月 1 江苏裕兴薄膜科技股份有限公司 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。 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 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 311,009,899.83 | 207,196,166.86 | 50.10% | | 归属于上市公司股东的净利润（元） | 65,2 ...

Financial Performance - The company's operating revenue for 2020 was ¥1,000,211,314.28, representing a 14.37% increase compared to ¥874,560,326.29 in 2019[14] - The net profit attributable to shareholders for 2020 was ¥156,197,258.34, a significant increase of 65.52% from ¥94,368,340.12 in the previous year[14] - The net profit after deducting non-recurring gains and losses was ¥126,830,447.44, up 69.30% from ¥74,914,198.89 in 2019[14] - The basic earnings per share for 2020 was ¥0.5417, reflecting a 63.26% increase from ¥0.3318 in 2019[14] - The total assets at the end of 2020 amounted to ¥1,940,919,121.28, an increase of 11.04% from ¥1,747,869,775.62 at the end of 2019[14] - The net assets attributable to shareholders at the end of 2020 were ¥1,673,120,540.34, a 10.83% increase from ¥1,509,602,192.88 in 2019[14] - The company reported a total profit of 180.39 million yuan, reflecting a significant growth of 68.24% year-on-year[31] - The company achieved a polyester film production volume of 97,400 tons in 2020, representing a year-on-year increase of 26.70%[31] - The total sales volume of polyester films reached 97,900 tons, up 27.01% compared to the previous year[31] - The company reported a high customer concentration risk, with the top five customers accounting for 50.29% of total sales revenue, amounting to 503 million yuan in 2020[83] Cash Flow and Dividends - The company plans to distribute a cash dividend of ¥1.63 per 10 shares, totaling approximately ¥47,000,000 based on 288,753,000 shares[5] - The company reported a net cash flow from operating activities of ¥122,119,172.50, a decrease of 15.20% compared to ¥144,008,993.12 in 2019[14] - The total cash dividend distributed in 2020 accounted for 30.13% of the net profit attributable to shareholders[96] - The company maintained a consistent cash dividend policy, with the 2019 dividend being RMB 1.04 per 10 shares, totaling RMB 30,030,312.00, which was 40.30% of the distributable profits[95] - The company’s cash dividend payout ratio has been consistently above the minimum requirement of 80% for mature companies without significant capital expenditure plans[93] Production and Capacity - The company completed the construction of two new production lines in the third quarter of 2020, enhancing production capacity[31] - The company plans to invest in a new production line with an annual capacity of 500 million square meters of high-end functional polyester film[30] - The production capacity utilization rate for polyester film was 81.15%, with a designed capacity of 120,000 tons[50] - The company is currently constructing a new production line for functional polyester film with an annual capacity of 500 million square meters[46] Research and Development - The company has a strong focus on R&D, continuously optimizing product quality and reducing costs to mitigate market competition risks[27] - The company holds a total of 58 patents as of December 31, 2020, with 1 new patent granted and 7 applications filed during the reporting period[34] - Research and development expenses amounted to ¥45,087,925.10, which is 4.51% of operating revenue, reflecting a 16.37% increase from the previous year[61] - The company is increasing R&D investments to develop functional polyester materials, although there are uncertainties regarding the market performance of new products[84] Market Position and Strategy - The company is a leading manufacturer of functional polyester films, with applications in renewable energy, electronics, and electrical insulation[23] - The domestic photovoltaic industry is expected to see a new installed capacity of 55-65 GW in 2021, with the company positioned to meet the growing demand for functional polyester films[25] - The optimistic forecast for new photovoltaic installations suggests a demand for functional PET films to reach 10.89 billion square meters by 2025[26] - The company aims to enhance its market share in niche markets by increasing sales of specialty products and new products to existing customers while actively seeking new clients and orders[81] Risk Factors - The company faces risks related to raw material price fluctuations, intensified market competition, and high customer concentration, which may impact future performance[5] - The average procurement price of polyester chips, a key raw material, decreased by approximately 26% year-on-year, impacting the average sales price of polyester films[44] - The accounts receivable balance at the end of the reporting period was 225 million yuan, primarily due to increased sales to key customers, which poses a risk of bad debts if customer repayment issues arise[84] Governance and Compliance - The company has committed to avoiding any competitive activities with its actual controller and related parties, ensuring no direct or indirect competition with its subsidiaries[97] - The company guarantees that its management team operates independently, with all senior executives receiving compensation solely from the company[98] - The company has established a complete independent labor and personnel management system, separate from its actual controller and related parties[98] - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors through designated platforms[177] Employee and Management Structure - The company reported a total of 398 employees, with 284 in production, 16 in sales, 55 in technical roles, 8 in finance, 33 in administration, and 2 in other positions[168] - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 475.2 million yuan[168] - The company has implemented a training plan that includes both internal and external training, focusing on various aspects such as safety and professional skills[171] - The company has a diverse board with members having extensive backgrounds in finance, law, and engineering[158][159][160][161] Financial Management and Investments - The total amount of trust financial products managed by the company reached 54,185 million CNY, a significant increase from 28,765 million CNY in the previous period[123] - The company reported a fixed income return of 7.80% from a trust product with a total investment of 1,500 million CNY, resulting in an expected return of 234 million CNY[124] - The company is actively exploring new investment opportunities in asset-backed securities, with a focus on enhancing liquidity and returns[124] - The company aims to enhance its financial performance by leveraging innovative financial products and expanding its client base[124]

江苏裕兴薄膜科技股份有限公司 2020 年第三季度报告全文 江苏裕兴薄膜科技股份有限公司 2020 年第三季度报告 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。 公司负责人王建新、主管会计工作负责人王长勇及会计机构负责人(会计主 管人员)王长勇声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏裕兴薄膜科技股份有限公司 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 2020 年 10 月 1 江苏裕兴薄膜科技股份有限公司 2020 年第三季度报告全文 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） | 1,893,844,596.89 | 1,747,869,775.62 | | 8.35% | | 归属于上市公司股东的净资产 （元） | ...