证券代码：300320 证券简称：海达股份 江阴海达橡塑股份有限公司投资者关系活动记录表 编号：2021-05 | --- | --- | --- | |----------------|---------------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | ■ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 招商证券 汪刘胜 | | | 人员姓名 | | | | 时间 | 2021 年 8 月 30 日 | | | 地点 | 江苏省江阴市周庄镇云顾路 | 585 号 | | 上市公司接待人 | 彭 汛---董事、常务副总经理 | | | 员姓名 | 胡蕴新 --- 副总经理、董事会秘书 | | | | 1 、请介绍公司总体业务情况： | | | | | 答：公司自成 ...

江阴海达橡塑股份有限公司 2022 年第三季度报告 证券代码：300320 证券简称：海达股份 公告编号：2022-035 江阴海达橡塑股份有限公司 2022 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 1 江阴海达橡塑股份有限公司 2022 年第三季度报告 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 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 670,114,601.29 | 4.54% | 1, ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,266,967,632.83, representing a 3.77% increase compared to ¥1,220,972,806.52 in the same period last year[18]. - The net profit attributable to shareholders decreased by 42.43% to ¥61,670,585.26 from ¥107,118,583.39 year-on-year[18]. - Basic earnings per share decreased by 42.42% to ¥0.1026, compared to ¥0.1782 in the same period last year[18]. - The company reported a significant decrease in non-operating income, with a total of ¥3,371,748.76 from various non-recurring items[23]. - The company achieved a gross profit margin of 16.54%, which decreased by 6.59% compared to the previous year[56]. - The company reported a significant increase in sales expenses, which amounted to CNY 32,288,781.78, down from CNY 50,618,370.86, indicating a reduction of 36.2%[150]. - The company reported a net cash flow from operating activities of CNY 29,467,423.88, a significant decline of 71.1% compared to CNY 102,057,230.04 in the first half of 2021[156]. - The company reported a total comprehensive income for the period at 46,639,698.41 CNY, compared to 41,698,769.56 CNY in the previous period, marking an increase of approximately 12%[163]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,102,880,574.63, a decrease of 1.15% from ¥3,138,855,878.39 at the end of the previous year[18]. - The company's total liabilities decreased from CNY 1,122,925,659.72 to CNY 1,045,251,793.64, indicating a reduction of approximately 6.9%[144]. - The company's accounts receivable increased by 6.08% to approximately ¥1.16 billion, indicating a growing customer base[58]. - The company's fixed assets amounted to 575,179,925 CNY, representing a decrease of 0.30% compared to the previous period[59]. - The company's total liabilities increased, with borrowings received amounting to 220,000,000.00 CNY, up from 70,000,000.00 CNY in the prior period, indicating a substantial increase in leverage[160]. Market and Industry Position - The company focuses on the research and development of modified rubber and plastic materials, providing sealing and vibration reduction solutions for high-end equipment in industries such as rail transportation, construction, automotive, and shipping[26]. - The automotive sector has seen significant growth, with the company becoming a preferred partner for major sunroof suppliers and expanding its market presence in North America[28]. - The company is actively developing lightweight aluminum products, becoming one of the largest suppliers of automotive sunroof guide rails in China, serving brands like BMW, Mercedes-Benz, and Audi[29]. - The company has maintained a strong reputation in the industry, being recognized as one of the top ten enterprises in the rubber products industry for seven consecutive years from 2015 to 2021[35]. - The company is well-positioned to capitalize on the growing demand for automotive sealing products, with a focus on quality and customer satisfaction[43]. Risks and Challenges - The company faces risks including macroeconomic slowdown, large accounts receivable balances, and goodwill impairment[3]. - The company faced challenges due to COVID-19, with clients in Shanghai and Changchun delaying orders, but managed to maintain communication and ensure delivery to key clients[36]. - The rising prices of raw materials such as synthetic rubber, carbon black, and aluminum ingots due to geopolitical uncertainties have impacted the company's gross margin[37]. - The company has implemented various measures to manage accounts receivable risks, including performance assessments for sales personnel and regular account reconciliations[75]. Research and Development - Research and development investment rose by 19.67% to approximately ¥49.56 million, indicating a commitment to innovation[53]. - The company is committed to innovation in product development, ensuring that its sealing solutions meet the evolving needs of the automotive industry[43]. - The company is investing in research and development to innovate new technologies that align with industry standards and customer expectations[48]. Environmental and Social Responsibility - The company has established wastewater and air pollution treatment facilities, ensuring compliance with environmental standards and stable pollutant discharge[90]. - The company has implemented a comprehensive environmental monitoring program, ensuring compliance with pollution discharge standards, with no administrative penalties reported during the reporting period[93]. - The company has developed an emergency response plan for environmental incidents, ensuring preparedness for potential environmental risks[92]. Corporate Governance - The annual shareholders' meeting had a participation rate of 40.93%, reflecting shareholder engagement in corporate governance[84]. - The company has ensured the independence of its financial and operational structures, with commitments to maintain separate management systems from those of the controlling shareholder[98]. - The company has established measures to ensure that executive compensation is linked to performance recovery measures[99].

Financial Performance - The company's revenue for Q1 2022 was CNY 670,440,899.80, representing a 20.00% increase compared to CNY 558,721,991.01 in the same period last year[3] - Net profit attributable to shareholders decreased by 19.89% to CNY 40,292,987.38 from CNY 50,298,659.52 year-on-year[3] - The company's basic earnings per share fell by 19.95% to CNY 0.0670 from CNY 0.0837 in the same period last year[3] - Operating profit decreased to ¥49,439,846.31, down 19.59% from ¥61,519,273.33 year-over-year[20] - Net profit for the current period was ¥41,154,800.29, a decline of 19.63% compared to ¥51,179,854.32 in the same period last year[20] Cash Flow and Liquidity - The net cash flow from operating activities dropped significantly by 76.44% to CNY 25,589,201.74, down from CNY 108,601,622.55 in the previous year[3] - Cash flow from operating activities generated a net amount of ¥25,589,201.74, significantly lower than ¥108,601,622.55 in the prior period[24] - Cash and cash equivalents at the end of the quarter were RMB 160,159,357.09, down from RMB 164,582,631.33 at the beginning of the year, a decrease of approximately 2.7%[15] - Cash and cash equivalents at the end of the period totaled ¥141,908,860.88, compared to ¥194,746,906.75 at the end of the previous period[25] - The company experienced a net cash outflow from financing activities of ¥8,007,486.53, compared to a net outflow of ¥67,754,979.23 in the prior period[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,079,440,535.01, a decrease of 1.89% from CNY 3,138,855,878.39 at the end of the previous year[3] - The total liabilities decreased from RMB 1,122,925,659.72 to RMB 1,022,355,516.04, representing a reduction of about 8.9%[17] - The total equity attributable to shareholders increased from RMB 1,976,969,981.08 to RMB 2,017,262,968.46, reflecting an increase of about 2.0%[17] - The total liabilities to total assets ratio improved from approximately 35.8% to 33.2%[17] Investments and Expenses - The company's long-term equity investments decreased by 28.94% to CNY 8,168,617.98, down from CNY 11,494,831.57[6] - The company's sales expenses decreased by 30.92% to CNY 17,030,554.68, compared to CNY 24,651,821.26 in the previous year, primarily due to the impact of the pandemic[6] - Research and development expenses increased to ¥19,486,078.05, up from ¥18,886,262.34 year-over-year[20] - The company reported a decrease in investment income, with a loss of ¥106,213.60 compared to a loss of ¥134,952.49 in the previous period[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,206[9]

Financial Performance - The company's operating revenue for 2021 was ¥2,522,935,052.09, an increase of 11.47% compared to ¥2,263,275,352.16 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥148,315,069.28, a decrease of 24.16% from ¥195,557,574.69 in 2020[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥144,283,807.15, down 22.95% from ¥187,262,425.42 in 2020[18]. - The net cash flow from operating activities was ¥137,782,924.31, a decrease of 17.96% compared to ¥167,948,911.22 in 2020[18]. - The total assets at the end of 2021 were ¥3,138,855,878.39, an increase of 4.76% from ¥2,996,109,541.94 at the end of 2020[18]. - The net assets attributable to shareholders at the end of 2021 were ¥1,976,969,981.08, up 6.78% from ¥1,851,518,094.90 at the end of 2020[18]. - The basic earnings per share for 2021 were ¥0.25, a decrease of 24.24% from ¥0.33 in 2020[18]. - The diluted earnings per share for 2021 were also ¥0.25, reflecting the same decrease of 24.24% from ¥0.33 in 2020[18]. - The weighted average return on equity for 2021 was 7.76%, down from 10.15% in 2020, a decrease of 2.39%[18]. - Total revenue for 2021 reached CNY 2,522.94 million, an increase of 11.47% year-on-year[42]. - Net profit attributable to the parent company was CNY 148.32 million, a decrease of 24.16% compared to the previous year[42]. Market Position and Industry Recognition - The company has maintained its leading position in the rubber sealing and vibration reduction industry, recognized as one of the top ten enterprises in the rubber products industry for seven consecutive years from 2015 to 2021[29]. - The company’s aluminum extrusion products are widely used in major automotive brands such as BMW, Mercedes-Benz, and Audi, indicating a strong market presence in the automotive sector[30]. - The company’s automotive sealing products have gained recognition in the North American market, contributing to stable growth in export business[32]. - The company received multiple awards, including the "Wuxi Mayor Quality Award" and recognition as a "Top Ten Enterprise in China's Rubber Products Industry"[48]. Product Development and Innovation - The company is focusing on the development of new polymer materials with enhanced durability and environmental resistance, aiming to expand its product offerings[29]. - The company has completed the development of a pressure sensor sealing strip, which utilizes conductive polymer materials to provide solutions for electric and intelligent automotive issues, enhancing safety and economic benefits[87]. - The company has developed a new type of fire-retardant expansion adhesive strip with an expansion ratio exceeding 50 times, which can effectively fill gaps and prevent smoke and flame intrusion, potentially increasing sales in the construction sector[88]. - The company is developing a new type of track sleeper vibration reduction bed, expected to achieve a vibration reduction effect of over 10dB, which will enhance its sales in the rail sector[88]. - The company has developed a lightweight sealing system that reduces the weight of sealing strips by 20%, enhancing production efficiency and reducing operational costs[88]. - The company is focusing on advanced design structures and rapid verification methods to enhance its competitive edge in the automotive industry[87]. Sales and Revenue Growth - Revenue from lightweight aluminum products grew by about 18% year-on-year, primarily driven by rising raw material prices[44]. - The shipping sector saw a sales increase of approximately 220% year-on-year, achieving a historical high due to the container shortage[44]. - Sales of shipping products surged by 140.18% to ¥244,559,273.62, indicating significant market demand[78]. - Domestic sales accounted for 94.15% of total revenue at ¥2,375,403,758.89, while foreign sales increased by 27.29% to ¥147,531,293.20[75]. Research and Development - The company reported a rubber raw material procurement ratio of 26.90% and a plastic granule procurement ratio of 4.80%[64]. - The average energy procurement price accounts for over 30% of total production costs[65]. - The company’s R&D investment amounted to ¥96,196,772.56, accounting for 3.81% of operating revenue, a slight decrease from 3.97% in 2020[92]. - The number of R&D personnel increased by 5.03% from 338 in 2020 to 355 in 2021, with the proportion of R&D staff rising from 14.17% to 15.74%[91]. Corporate Governance and Management - The company has established a complete and independent personnel management system, with no senior management holding positions in the controlling shareholder's enterprises[131]. - The company has a total of 9 board members, including 3 independent directors, ensuring a balanced governance structure[127]. - The company emphasizes transparency in information disclosure, adhering to strict disclosure policies[128]. - The company has established a performance evaluation incentive system linking management income to business performance[128]. Environmental Responsibility - The company has established wastewater and air pollution treatment facilities, ensuring compliance with emission standards and stable pollutant discharge[169]. - The company adheres to environmental protection laws and has not experienced any pollution accidents or disputes during the reporting period[172]. - The company has implemented an emergency response plan for environmental incidents, ensuring effective management during such events[171]. Strategic Partnerships and Future Outlook - The company signed a strategic cooperation agreement with China National Building Material Group for long-term collaboration in the renewable energy sector[45]. - The company is actively exploring strategic partnerships with leading firms in the photovoltaic industry to enhance its product offerings and market reach[124]. - The company plans to deepen existing markets and capture new opportunities, leveraging the "dual carbon" process and green transformation for significant growth[114].

Revenue and Profit - The company's revenue for Q3 2021 was ¥641,005,339, representing a slight increase of 0.08% compared to the same period last year, while year-to-date revenue reached ¥1,861,978,145.52, up 13.99%[3] - Net profit attributable to shareholders for Q3 2021 was ¥30,837,959.51, a significant decrease of 61.84% year-on-year, with year-to-date net profit at ¥137,956,542.90, down 13.65%[3] - The basic earnings per share for Q3 2021 was ¥0.0513, reflecting a decline of 61.83% compared to the same quarter last year, while year-to-date earnings per share was ¥0.2295, down 13.62%[3] - The net profit for Q3 2021 was CNY 142,821,551.35, a decrease of 11.3% compared to CNY 161,040,233.80 in Q3 2020[19] - The total comprehensive income for the period was CNY 142,821,551.35, a decrease from CNY 161,040,233.80 in Q3 2020[20] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥3,010,353,798.63, showing a slight increase of 0.48% from the end of the previous year[3] - Total assets as of September 30, 2021, were CNY 3,010,353,798.63, slightly up from CNY 2,996,109,541.94 at the end of 2020[15] - Total liabilities decreased to CNY 1,005,573,941.05 from CNY 1,110,459,607.25, a decline of 9.43%[15] - The company's equity increased to CNY 2,004,779,857.58 from CNY 1,885,649,934.69, reflecting a growth of 6.31%[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥61,017,729.87, down 22.46% compared to the same period last year, primarily due to increased procurement costs[9] - The cash flow from operating activities showed a net inflow of CNY 61,017,729.87, down from CNY 78,695,073.50 in the same period last year[22] - The company reported a decrease in investment activity cash flow, with a net outflow of CNY 33,353,705.14 compared to CNY 43,581,595.63 in the previous year[22] - The cash flow from financing activities resulted in a net outflow of CNY 73,311,730.16, compared to a net outflow of CNY 57,765,861.15 in Q3 2020[23] Operating Costs and Expenses - Total operating costs amounted to CNY 1,684,392,036.90, up 17.55% from CNY 1,432,497,929.81 year-on-year[18] - The company's financial expenses decreased by 33.06% to ¥8,105,169.11, attributed to a reduction in loan balances compared to the previous year[9] - The company continues to invest in research and development, with R&D expenses reported at CNY 68,992,860.46, slightly down from CNY 71,306,638.78 in the previous year[18] Receivables and Inventory - The company reported a significant increase in contract assets, which rose by 85.94% to ¥94,693,717.22, indicating a higher balance of receivables[8] - Accounts receivable increased to CNY 1,105,045,906.94 from CNY 1,048,893,792.49, indicating a rise of 5.35%[14] - Inventory levels decreased to CNY 397,729,173.52 from CNY 413,404,677.83, a reduction of 3.79%[14] Other Information - The company has not reported any new product developments or market expansion strategies in the current quarter[3] - The company's cash and cash equivalents decreased to CNY 159,810,769.39 from CNY 184,191,031.99 at the end of 2020, reflecting a decline of 13.19%[14] - The company experienced a credit impairment loss of CNY 12,579,327.45, an improvement from CNY 16,751,133.29 in the previous year[19] - The operating profit for Q3 2021 was CNY 170,560,694.34, a decrease of 9.5% from CNY 188,378,517.14 in Q3 2020[19]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,220,972,806.52, representing a 22.97% increase compared to CNY 992,926,895.31 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 107,118,583.39, a 35.68% increase from CNY 78,949,711.43 year-on-year[20]. - The net cash flow from operating activities was CNY 102,057,230.04, up 58.95% from CNY 64,205,955.20 in the previous year[20]. - The basic earnings per share increased to CNY 0.1782, reflecting a growth of 35.72% compared to CNY 0.1313 in the same period last year[20]. - The company's operating income for the reporting period was CNY 1,195,387,294.57, representing a year-on-year increase of 22.30%[60]. - The gross profit margin decreased by 2.59% compared to the same period last year, now standing at 26.57%[60]. - The company reported a stable execution of contracts with major clients, including VW and Great Wall Motors, with multiple sealing products in normal sales conditions[46]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,970,853,310.73, a slight decrease of 0.84% from CNY 2,996,109,541.94 at the end of the previous year[20]. - The company's total liabilities decreased to CNY 998,722,642.96 from CNY 1,110,459,607.25, indicating a reduction of approximately 10.0%[151][152]. - Current assets totaled CNY 2,031,927,164.92, slightly down from CNY 2,048,895,462.92, reflecting a decrease of about 0.8%[149][150]. - Cash and cash equivalents were reported at CNY 170,434,254.43, down from CNY 184,191,031.99, representing a decline of approximately 7.0%[149]. Revenue Growth by Sector - Revenue from the shipping sector increased by 102.06% year-on-year, driven by the high demand for container sealing components[39]. - Revenue from lightweight aluminum products grew by 55.81% year-on-year, although this was largely impacted by rising raw material prices[39]. - Revenue from the construction sector increased by 26.28% year-on-year, supported by brand effect and expansion into new customer markets[39]. - Revenue from automotive sealing and vibration reduction components saw a year-on-year growth of 27.73% due to the gradual mass production of new projects[39]. Research and Development - The company focuses on the research and development of modified rubber and plastic materials, providing sealing and vibration reduction solutions for high-end equipment in industries such as rail transportation, construction, automotive, and shipping[27]. - The company emphasizes R&D in new polymer materials with features such as durability, weather resistance, and energy efficiency[37]. - The company has obtained 2 invention patents, 8 utility model patents, and 2 design patents during the reporting period, enhancing its innovation capabilities[53]. Market and Product Development - The company is actively developing new solar photovoltaic rubber components, which are gaining market acceptance due to their ease of installation and cost-effectiveness[33]. - The company is expanding its product offerings in the building sector, focusing on energy-efficient sealing components as part of its growth strategy[32]. - The company is strategically positioned to benefit from the growing demand for automotive sealing solutions as the automotive industry continues to expand[45]. Risks and Challenges - The company faces risks including macroeconomic slowdown, large accounts receivable balances, and goodwill impairment[5]. - Rising raw material prices, particularly for rubber and aluminum ingots, are impacting cost control and operational risks for the company[79]. - Accounts receivable remain high due to industry characteristics, with a significant portion of sales revenue tied up in receivables, posing a risk of increased bad debts[78]. Environmental Compliance - The company has fully complied with environmental protection regulations, achieving standards for non-methane total hydrocarbons and wastewater discharge[97]. - The company has established wastewater and air pollution treatment facilities at Kono Precision, ensuring compliance with environmental discharge standards[94]. - The company has conducted environmental impact assessments for completed projects in accordance with relevant laws and regulations[95]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The actual controller and shareholders have fulfilled their commitments regarding avoiding competition and ensuring the company's independence[101]. - The management team has committed to maintaining independent financial operations, including separate bank accounts from other controlled entities[102]. Contracts and Projects - The company has significant ongoing contracts, with the largest being for the Suzhou Metro Line 6, valued at approximately ¥23.99 million, currently 85% completed[40]. - The company is actively engaged in the waterproofing materials market, with contracts for projects like the Guangzhou Metro Line 13 valued at ¥17.32 million, currently 95% completed[40]. - The company has ongoing contracts with major automotive manufacturers, including Dongfeng Motor Corporation and Great Wall Motors, with execution dates extending into 2023[48].

Financial Performance - The company's operating revenue for Q1 2021 was ¥558,721,991.01, representing a 25.88% increase compared to ¥443,844,656.16 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥50,298,659.52, an increase of 89.79% from ¥26,501,651.07 in the previous year[8]. - The net cash flow from operating activities reached ¥108,601,622.55, up 96.87% from ¥55,162,964.93 in the same period last year[8]. - Basic earnings per share for Q1 2021 were ¥0.0837, reflecting an increase of 89.80% compared to ¥0.0441 in the previous year[8]. - The company reported a significant increase in credit impairment losses, which rose by 169.21% to 5.84 million yuan[18]. - The company reported a profit before tax of CNY 61,323,619.52, significantly higher than CNY 33,997,707.63 from the previous year[56]. - The total comprehensive income for the period was CNY 51,179,854.32, compared to CNY 26,981,951.79 in the same period last year[57]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,901,692,391.53, a decrease of 3.15% from ¥2,996,109,541.94 at the end of the previous year[8]. - The total current assets decreased from CNY 2,048.90 million at the end of 2020 to CNY 1,965.75 million as of March 31, 2021[46]. - Total liabilities decreased to ¥964,862,602.52 from ¥1,110,459,607.25[48]. - Current liabilities decreased to ¥876,828,876.31 from ¥1,021,368,943.76[48]. - Accounts receivable decreased by 36.48% from the beginning of the period, totaling 108.29 million yuan[18]. - Accounts receivable decreased to ¥764,638,496.18 from ¥847,685,233.08[49]. - Inventory decreased to ¥321,830,069.06 from ¥344,902,122.04[49]. Market Presence and Contracts - The company is actively expanding its market presence with multiple ongoing projects in various cities, including Suzhou and Shanghai[20]. - The company has ongoing major contracts, including a 84.27 million yuan project for Guangzhou Metro, which is 100% completed[20]. - The company is focusing on expanding its market share through strategic partnerships, as evidenced by contracts with major construction firms[22]. - The company is actively engaged in multiple projects, with contract values ranging from 8,559,900.00 to 11,949,695.24, showcasing a diverse portfolio[21]. - The company has established contracts for sealing strips with international clients, enhancing its global market reach[26]. Operational Efficiency and Innovation - The company plans to continue enhancing production capacity and operational efficiency in response to recovering market demand post-COVID-19[20]. - The company is investing in new technologies and product development to enhance its competitive edge in the waterproof materials sector[22]. - The company is exploring new technologies in sealing solutions, which may lead to improved product offerings and competitive advantages[23]. - The company is committed to innovation, as evidenced by its ongoing development of new sealing products for various automotive applications[28]. Risks and Challenges - The company is facing risks from the COVID-19 pandemic, which has impacted the global economy and may affect future export business[31]. - The company is also dealing with risks from a slowing macroeconomic growth and changes in the market environment, which could affect demand in various sectors such as rail transportation and construction[31]. - There is a risk of goodwill impairment related to the acquisition of subsidiaries, which could negatively impact the company's financial results if performance does not meet expectations[37]. - The prices of raw materials, particularly synthetic rubber, have risen significantly due to multiple factors, impacting the company's cost control and operational risks[34]. Cash Flow and Financing - Operating cash inflow for the current period reached ¥624,327,293.39, up from ¥453,892,777.05 in the previous period, representing an increase of approximately 37.5%[64]. - Cash inflow from financing activities totaled ¥10,000,000.00, down from ¥111,000,000.00, a decrease of 91.0%[65]. - The ending balance of cash and cash equivalents was ¥194,746,906.75, up from ¥168,453,440.97, an increase of 15.6%[65]. - The company received cash from sales of goods and services amounting to ¥468,190,871.00, compared to ¥340,883,900.43 in the previous period, marking a growth of 37.2%[66].

Financial Performance - The company's operating revenue for 2020 was CNY 2,263,275,352.16, representing a 0.99% increase compared to CNY 2,241,199,353.12 in 2019[16] - The net profit attributable to shareholders for 2020 was CNY 195,557,574.69, a decrease of 12.86% from CNY 224,407,244.96 in 2019[16] - The net cash flow from operating activities was CNY 167,948,911.22, down 17.95% from CNY 204,689,597.18 in 2019[16] - The total assets at the end of 2020 were CNY 2,996,109,541.94, an increase of 5.37% from CNY 2,843,445,071.86 at the end of 2019[16] - The net assets attributable to shareholders increased by 9.58% to CNY 1,851,518,094.90 at the end of 2020, compared to CNY 1,689,679,593.86 at the end of 2019[16] - The basic earnings per share for 2020 were CNY 0.33, a decrease of 10.81% from CNY 0.37 in 2019[16] - The weighted average return on equity was 10.15% in 2020, down from 14.13% in 2019, reflecting a decline of 3.98%[16] - Total revenue for 2020 was CNY 2,263.28 million, an increase of 0.99% compared to the previous year[46] - Net profit attributable to shareholders was CNY 195.56 million, a decrease of 12.86% year-on-year[46] Revenue Sources - Revenue from plastic and rubber products accounted for 79.89% of total revenue, amounting to CNY 1,808,185,688.33, with a year-on-year increase of 0.45%[59] - The company’s aluminum products revenue was CNY 408,428,861.25, representing 18.05% of total revenue, with a year-on-year increase of 0.99%[59] - Sales revenue from the rail transit sector reached a historical high of over CNY 500 million[47] - The company’s revenue from other business activities increased by 26.83% to CNY 46,660,802.58, compared to CNY 36,790,294.60 in 2019[60] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.38 per 10 shares, based on a total of 601,234,191 shares[5] - The cash dividend represents 11.68% of the net profit attributable to ordinary shareholders for the year 2020[120] - The cash dividend for 2019 was 33,669,114.70 CNY, representing 15.00% of the net profit[120] - The cash dividend for 2018 was also 33,669,114.70 CNY, which accounted for 20.16% of the net profit[120] - The company aims to reward shareholders, especially minority shareholders, through its dividend policy[118] Research and Development - The company continues to focus on R&D in rubber and plastic materials, with applications in rail transportation, automotive, construction, and shipping sectors[24] - The company applied for 5 invention patents and 13 utility model patents in 2020, receiving authorization for 1 invention and 14 utility model patents[50] - The company is focusing on R&D for high-performance automotive materials and has established partnerships with universities to enhance innovation[80] - The company has 338 R&D personnel, representing 14.17% of total employees, with 21 major R&D projects ongoing[81] Market Strategy - The company has established partnerships with major suppliers like Webasto and gained recognition in the North American market, leading to rapid growth in export business[25] - The company is actively developing new solar photovoltaic rubber components, which are gaining market acceptance due to their ease of installation and cost-effectiveness[27] - The company is committed to expanding its market share through technological upgrades and product differentiation in the shipping sector[26] - The company adopts a "sales-driven production" model, focusing on customized production to meet diverse customer requirements in the rubber parts sector[36] Operational Efficiency - The company has implemented a customized production model based on customer orders, ensuring efficient procurement and production processes[34] - The company has established a comprehensive supplier management system to ensure the quality and supply of raw materials, which includes regular evaluations of suppliers[35] - The company has implemented lean production management and safety assessments, enhancing operational efficiency and safety standards[51] Risk Management - The company has identified potential risks in its future development and outlined corresponding countermeasures in its report[5] - The company acknowledges risks from the COVID-19 pandemic and macroeconomic slowdowns, which could impact its export business and overall market conditions[107] - The company has implemented measures to mitigate accounts receivable risks, including performance assessments for sales personnel and regular account reconciliations[109] Shareholder Commitments - The company made commitments to avoid competition and protect business opportunities, ensuring that the controlling shareholder will not engage in similar businesses that could compete with the company[122] - The controlling shareholder also committed to reducing and regulating related party transactions to protect the rights of minority shareholders[122] - The company guarantees the independence of its management and financial personnel, ensuring that key executives do not hold positions in other controlled enterprises[122] Corporate Governance - The company has established a governance structure that ensures independent operation and decision-making processes[123] - There is a commitment to link the compensation system of directors and senior management to the company's performance measures[123] - The company has outlined measures to ensure compliance with regulations regarding the transfer of shares by major shareholders and executives[123] Employee Management - The total number of employees in the company is 2,386, with 1,639 in the parent company and 747 in major subsidiaries[196] - The company reported a total remuneration of 4.2487 million yuan for 17 directors, supervisors, and senior management in 2020[194] - The company has no stock incentive plans for directors and senior management during the reporting period[195] Environmental and Social Responsibility - The company adhered to environmental protection regulations and did not experience any pollution incidents during the reporting period[160] - The company donated 150,000 RMB annually to the Jiangyin Charity Association since 2007[157] - The company has completed OHSAS18001 certification for occupational health and safety management[158]

Financial Performance - Net profit attributable to shareholders increased by 55.51% to CNY 80,808,408.56 for the current period[8] - Operating revenue for the current period reached CNY 640,485,552.77, reflecting a 15.58% increase year-on-year[8] - Basic earnings per share rose by 55.56% to CNY 0.1344[8] - The net profit after deducting non-recurring gains and losses increased by 53.70% to CNY 79,340,455.07[8] - Net profit attributable to the parent company was CNY 105,143,000.00, compared to CNY 66,014,000.00 in Q3 2019, reflecting a growth of approximately 59.3%[36] - The net profit for Q3 2020 reached CNY 80,925,188.74, representing a growth of 51.7% from CNY 53,243,353.74 in Q3 2019[38] - The total comprehensive income for Q3 2020 was CNY 80,925,188.74, compared to CNY 53,525,768.99 in Q3 2019, marking a 50.9% increase[38] - The total profit for the period was ¥187,242,823.74, slightly higher than ¥185,374,902.22 from the previous year, showing a marginal increase of 1.0%[45] Assets and Liabilities - Total assets increased by 2.73% to CNY 2,921,160,231.63 compared to the end of the previous year[8] - The total number of shareholders at the end of the reporting period was 22,430[12] - Total liabilities decreased to CNY 1,070,726,710.13 from CNY 1,115,882,672.52, showing a reduction of about 4.0%[30] - The company's equity attributable to shareholders increased to CNY 1,815,768,602.21 from CNY 1,689,679,593.86, reflecting a growth of approximately 7.5%[30] - Total assets as of September 30, 2020, amounted to ¥2,921,160,231.63, an increase from ¥2,843,445,071.86 at the end of 2019[28] - The company's total assets as of September 30, 2020, were CNY 2,613,963,468.03, an increase from CNY 2,442,845,538.78 at the end of 2019[32] - Total liabilities reached CNY 1,115,882,672.52, with current liabilities at CNY 988,577,091.84 and non-current liabilities at CNY 127,305,580.68[62] Cash Flow - Net cash flow from operating activities decreased by 1.71% to CNY 78,695,073.50[8] - Net cash flow from investing activities improved by 43.07% to -¥43,581,595.63, indicating a decrease in fixed asset investments compared to the previous year[17] - The net cash flow from operating activities for Q3 2020 was ¥78,695,073.50, a decrease from ¥80,064,374.15 in Q3 2019, reflecting a decline of approximately 1.7%[53] - Total cash inflow from operating activities was ¥1,321,600,446.80, slightly down from ¥1,335,383,162.92 in the previous year, indicating a decrease of about 1.0%[53] - Cash outflow from operating activities totaled ¥1,242,905,373.30, compared to ¥1,255,318,788.77 in Q3 2019, showing a reduction of approximately 1.0%[53] Shareholder Information - The top shareholder, Qian Zhenyu, holds 11.69% of the shares, amounting to 70,281,118 shares[12] Research and Development - Research and development expenses for the quarter were CNY 25,316,308.60, slightly up from CNY 24,390,013.71 in the previous year[36] - Research and development expenses for Q3 2020 amounted to CNY 19,267,416.98, which is a 22.5% increase from CNY 15,673,478.30 in the same quarter last year[40] - Research and development expenses increased to ¥57,255,972.72, up from ¥47,136,148.41, representing a growth of 21.5% year-on-year[48] Financial Ratios - The weighted average return on net assets was 4.55%, an increase of 1.29 percentage points compared to the previous year[8] - The company's operating profit for Q3 2020 was CNY 94,955,384.77, up from CNY 61,098,358.87 in Q3 2019, indicating a growth of 55.8%[41] - The company's financial expenses rose to ¥12,108,161.48 from ¥9,005,253.55, primarily due to increased interest expenses[45] Non-Recurring Items - The company reported non-recurring gains totaling CNY 2,685,096.36 for the year-to-date[9] - The company received a second tranche of government subsidies amounting to ¥12,111,200 for the "30,000 tons lightweight aluminum project" during the reporting period[17]