Financial Performance - The company's operating revenue for 2019 was CNY 321,375,774.07, representing a 40.85% increase compared to CNY 228,174,901.45 in 2018[30]. - The net profit attributable to shareholders for 2019 was CNY 55,011,309.88, a 7.36% increase from CNY 51,242,336.32 in 2018[30]. - The net cash flow from operating activities reached CNY 278,637,203.63, showing a significant increase of 114.62% from CNY 129,826,444.64 in 2018[30]. - The total assets at the end of 2019 amounted to CNY 2,212,142,970.41, a 50.11% increase from CNY 1,473,691,125.81 at the end of 2018[30]. - The net assets attributable to shareholders at the end of 2019 were CNY 1,219,720,240.86, reflecting a 2.79% increase from CNY 1,186,629,548.81 at the end of 2018[30]. - The basic earnings per share for 2019 was CNY 0.1374, an increase of 8.96% compared to CNY 0.1261 in 2018[30]. - The diluted earnings per share for 2019 was also CNY 0.1374, consistent with the basic earnings per share[30]. - The weighted average return on net assets for 2019 was 4.60%, up from 4.19% in 2018[30]. - The company's net profit after deducting non-recurring gains and losses was CNY 36,816,812.56, a slight decrease of 0.47% from CNY 36,990,618.68 in 2018[30]. Investment and Projects - The company completed the "High Purity Metal Organic Compound Industrialization Project" in August 2013 and is advancing the "R&D Center Technology Renovation Project" with additional investments approved by the board[11]. - The company is investing in projects such as the "Annual Production of 170 Tons of MO Source and High K Trimethyl Aluminum Production Project" and "ArF Photoresist Product Development and Industrialization" using raised funds[13]. - The company has made significant advancements in the development of 193nm photoresist, receiving a total of 16,686.12 million CNY in central government subsidies for related projects[42]. - The acquisition of a 57.97% stake in Shandong Feiyuan Gas is expected to enhance the company's position in the semiconductor industry, particularly in the production of nitrogen trifluoride and sulfur hexafluoride[41]. - The company has successfully developed high-purity ALD/CVD precursor products, with some already validated by customers and achieving small-scale sales[43]. - The company plans to invest a total of 110,287.34 million CNY, with 91,004.78 million CNY allocated for specific projects and 17,000 million CNY for permanent working capital[123]. Market and Industry Trends - The LED industry continued to decline in 2019, impacting the company's performance due to intensified competition and falling product prices[7]. - The overall development speed of the IC industry has slowed, posing challenges to the company's operational performance[7]. - The company aims to achieve "MO source global first, electronic special gas domestic first" as part of its development strategy[146]. - The company anticipates that the semiconductor industry will experience a golden period of development, driven by domestic policies and the increasing demand for high-end integrated circuits[145]. - The company recognizes the potential of MicroLED technology and aims to capitalize on new opportunities in the display technology sector[144]. Research and Development - The company is focusing on enhancing its R&D capabilities and production capacity for high-purity phosphine and arsine gases[11]. - The company has increased its R&D investment to enhance future development capabilities, particularly in the area of 193nm photoresist[61]. - The company’s R&D investment reached ¥65,853,540.17, representing 20.49% of operating revenue, with a year-on-year increase of 76.28%[84]. - The company’s R&D personnel increased to 79, with R&D personnel accounting for 12.12% of the total workforce[85]. - The company has obtained a total of 68 patents, including 20 invention patents and 48 utility model patents[50]. Cash Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares to all shareholders, based on a total share capital of 400,266,135 shares after excluding repurchased shares[14]. - The cash dividend accounted for 21.83% of the net profit attributable to the company's ordinary shareholders, which was 55,011,309.88 yuan[165]. - The total cash dividend distributed in 2019 represented 100% of the profit distribution amount[164]. - The company has maintained a consistent cash dividend policy over the past three years, with significant distributions in 2017 and 2018 as well[165]. Risks and Challenges - The company faces risks including core technology leakage and personnel turnover, which could impact R&D capabilities[153]. - There is a risk of bad debts due to slow receivables from clients facing operational difficulties[154]. - The company is aware of potential substitution risks from technological advancements affecting its MO source and electronic specialty gas products[155]. - Management risks are heightened as the company expands, necessitating improvements in organizational structure and management practices[156]. Corporate Governance and Compliance - The company has not experienced any significant changes in project feasibility[121]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[175]. - There were no non-standard audit reports issued for the recent period[176]. - The company has fulfilled its commitments made during the asset restructuring process[171]. - The company will continue to fulfill its information disclosure obligations in accordance with relevant laws and regulations[196].

江苏南大光电材料股份有限公司 2020 年第一季度报告全文 江苏南大光电材料股份有限公司 2020 年第一季度报告 2020 年 04 月 1 江苏南大光电材料股份有限公司 2020 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人冯剑松、主管会计工作负责人苏永钦及会计机构负责人(会计主 管人员)郭颜杰声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏南大光电材料股份有限公司 2020 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 ...

Financial Performance - Operating revenue for the period reached CNY 79,460,573.39, a year-on-year increase of 41.65%[8] - Net profit attributable to shareholders decreased by 9.58% to CNY 19,093,570.25 compared to the same period last year[8] - Net profit after deducting non-recurring gains and losses fell by 28.52% to CNY 13,559,060.67[8] - Basic earnings per share decreased by 9.63% to CNY 0.0469[8] - The weighted average return on net assets was 1.35%, down by 0.35% from the previous year[8] - Total operating revenue for the current period reached ¥79,460,573.39, an increase from ¥56,096,880.66 in the previous period, representing a growth of approximately 41.5%[68] - Net profit for the current period was ¥21,384,672.85, slightly down from ¥22,109,259.83, reflecting a decrease of approximately 3.3%[71] - The total profit for the current period was ¥20,446,268.96, down from ¥26,138,831.39, representing a decline of about 21.5%[71] - Net profit for the quarter was ¥50,471,622.60, a decrease of 6.67% from ¥53,635,401.72 in the previous year[89] - The net profit attributable to the parent company was ¥45,416,367.41, down from ¥50,070,292.76 in the previous year[89] Assets and Liabilities - Total assets increased by 36.51% to CNY 2,011,759,600.18 compared to the end of the previous year[8] - The company's current assets totaled CNY 1,110,981,714.77 as of September 30, 2019, compared to CNY 1,042,744,366.31 at the end of 2018, indicating an increase of about 6.5%[48] - Non-current assets totaled CNY 900,777,885.41 as of September 30, 2019, up from CNY 430,946,759.50, representing an increase of about 109.1%[51] - The total liabilities increased to ¥649,346,416.40 from ¥258,111,342.76, representing a growth of approximately 151.3%[54] - The total owner's equity rose to ¥1,362,413,183.78 from ¥1,215,579,783.05, indicating an increase of about 12.1%[57] - The total current liabilities amounted to ¥332,539,254.02, up from ¥72,861,707.54, marking an increase of approximately 356.5%[54] - The total assets reached ¥2,011,759,600.18, compared to ¥1,473,691,125.81, which is an increase of about 36.4%[57] Cash Flow - Cash flow from operating activities increased significantly by 451.38% to CNY 48,420,832.34 year-to-date[8] - The net cash flow from operating activities increased by 451.38% year-on-year, mainly due to the availability of project funding and receipt of part of the guarantee deposit from the equity transfer of Beijing Kehua[26] - Cash flow from operating activities generated a net amount of ¥48,420,832.34, a significant improvement from a net outflow of ¥13,780,142.38 in the prior period[107] - The ending balance of cash and cash equivalents was ¥194,578,452.80, up from ¥70,203,834.69 at the end of the previous period[107] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,694[12] - The largest shareholder, Shen Jie, holds 11.66% of the shares, totaling 47,461,643 shares[12] - The company did not engage in any repurchase transactions during the reporting period[16] - The total amount for the share repurchase plan is set between RMB 50,000,000 and RMB 70,000,000, with a maximum price of RMB 12.00 per share[33] - The company has repurchased a total of 6,624,710 shares, accounting for approximately 2.42% of the total share capital, with a total expenditure of RMB 67,611,708.91[36] Research and Development - R&D expenses increased by 67.77% year-on-year, primarily due to increased R&D investment and accelerated R&D progress[26] - Research and development expenses increased to ¥10,229,880.04 from ¥9,248,694.02, marking a rise of approximately 10.6%[68] - R&D expenses increased to ¥36,966,651.60, a rise of 67.73% compared to ¥22,034,459.22 in the previous year[86] Financial Transactions - The company plans to transfer its stake in Beijing Kehua Microelectronics Materials Co., Ltd. for a total price of CNY 170.90 million, which is expected to positively impact operating performance[28] - The company agreed to acquire 57.97% of Shandong Feiyuan Gas Co., Ltd. through cash purchase and capital increase, with a total investment of RMB 24,685,000[32] - The company has completed the necessary business registration changes for Feiyuan Gas and received a new business license from the relevant authority[32] Other Financial Metrics - The company's financial expenses decreased by 73.69% year-on-year, mainly due to increased interest income from time deposits[26] - The company reported a financial expense of -¥1,606,595.54, an improvement from -¥2,176,011.16, reflecting a decrease in financial costs[68] - The company experienced a net loss from financial assets at fair value of ¥2,686,867.57 during the quarter[86]

Industry Performance - In the first half of 2019, the LED industry experienced a significant decline, with intensified competition leading to a decrease in product sales prices, which adversely affected the sales performance of MO source products [6]. - The overall development speed of the industry has slowed, leading to adverse effects on the company's operating performance [10]. - The net profit attributable to shareholders decreased by 9.09% year-on-year due to intense competition in the LED industry and declining sales prices [57]. Company Overview - The company is a major global producer of MO sources, leveraging strong R&D capabilities, unique production processes, and effective cost control to maintain a stable market position [6]. - The company is a major global producer of MO source products, which are essential for LED manufacturing and other semiconductor applications [42]. - The company has established a strong customer base both domestically and internationally, contributing to its competitive advantage in the market [42]. Financial Performance - Total revenue for the first half of 2019 was CNY 139,396,900.59, representing a 10.32% increase compared to CNY 126,352,697.06 in the same period last year [32]. - Net profit attributable to shareholders decreased by 9.09% to CNY 26,322,797.16 from CNY 28,954,228.09 year-on-year [32]. - Net profit after deducting non-recurring gains and losses fell by 44.33% to CNY 13,064,492.53 compared to CNY 23,467,663.43 in the previous year [32]. - Operating cash flow improved significantly, with a net cash flow from operating activities of CNY 22,969,306.94, a 567.45% increase from a negative CNY 4,913,760.57 last year [32]. - Total assets increased by 3.99% to CNY 1,532,486,793.00 from CNY 1,473,691,125.81 at the end of the previous year [32]. Research and Development - The company has completed the construction of the "High-Purity Metal Organic Compound Industrialization Project" in August 2013 and is currently advancing the "R&D Center Technology Renovation Project" [12]. - The company has established a dedicated R&D team for the ArF photoresist project, which is progressing well towards industrialization [62]. - Research and development expenses increased by 109.11% to ¥26,736,771.56 from ¥12,785,765.20, primarily due to increased R&D investment and accelerated progress [68]. - The company has developed high-purity ALD/CVD precursor products and has the capability for large-scale production, with some products already validated by customers for mass sales [45]. - The company holds a total of 48 patents, including 13 invention patents and 35 utility model patents, enhancing its competitive edge in the market [50]. Investment and Projects - The company plans to invest in projects including an annual production of 170 tons of MO sources and high trimethyl aluminum production, as well as the development and industrialization of ArF photoresist products [15]. - The company plans to establish a photoresist production line in Ningbo by the end of 2019, with the project progressing smoothly [44]. - The "ArF Photoresist Product Development and Industrialization Project" will receive an investment of 150 million CNY, with the implementation led by the company's wholly-owned subsidiary, Ningbo Nanda Optoelectronic Materials Co., Ltd. [92]. - The company plans to invest 300 million CNY in the "Annual Production of 170 Tons of MO Source and High K Trimethyl Aluminum Production Project," with 80 million CNY allocated for establishing a wholly-owned subsidiary in Quanjiao County, Anhui Province [92]. Safety and Risk Management - The company has established a solid safety management system to mitigate risks associated with the production of explosive and hazardous materials [11]. - The company is focusing on safety production as a top priority, implementing a comprehensive safety management system to reduce workplace accidents [57]. - The company anticipates risks related to core technology leakage and personnel turnover, which could impact its R&D capabilities [116]. - The company faces accounts receivable bad debt risks due to operational issues among downstream customers, which could adversely affect current profits [117]. - The company is at risk of technological obsolescence as advancements may lead to the emergence of substitute products [118]. Shareholder Information - The total number of shares increased from 273,468,800 to 406,890,845 due to a capital reserve conversion of 133,422,045 shares [158]. - The cash dividend distributed was 10,673,763.60 RMB, at a rate of 0.40 RMB per 10 shares [158]. - The basic earnings per share decreased from 0.1876 RMB to 0.1261 RMB after the share dilution [161]. - The diluted earnings per share also decreased from 0.1876 RMB to 0.1261 RMB [161]. - The company’s major shareholders include executives with significant holdings, such as Zhang Xingguo with 30,426,300 restricted shares [165]. Government Support - The company has reported a significant increase in government subsidies amounting to CNY 13,228,665.49 during the reporting period [39]. - The company has received a total of 150.1 million yuan in central government subsidies and 50 million yuan in local matching funds for the 193nm photoresist and supporting materials project [44]. - The company received a total of ¥20,101.65 million in subsidies for its 193nm photoresist and precursor projects, indicating strong government support for its R&D initiatives [60]. Environmental and Compliance - The company is not classified as a key pollutant discharge unit by environmental protection authorities [148]. - There were no significant environmental penalties received during the reporting period [148]. - The company did not engage in any major related party transactions during the reporting period [136].

江苏南大光电材料股份有限公司 2019 年第一季度报告全文 江苏南大光电材料股份有限公司 2019 年第一季度报告 2019 年 04 月 1 江苏南大光电材料股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人冯剑松、主管会计工作负责人苏永钦及会计机构负责人（会计 主管人员）郑智波声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏南大光电材料股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------------| | □ 是 √ 否 ...

Financial Performance - The company achieved operating revenue of 228.17 million yuan, an increase of 28.76% year-on-year[7]. - The net profit attributable to ordinary shareholders was 51.24 million yuan, reflecting a year-on-year increase of 51.43%[7]. - The net cash flow from operating activities reached CNY 129,826,444.64, a significant increase of 476.42% compared to CNY 22,522,855.23 in 2017[29]. - The basic earnings per share for 2018 was CNY 0.1876, up 51.66% from CNY 0.1237 in 2017[29]. - The total assets at the end of 2018 amounted to CNY 1,473,691,125.81, reflecting a 9.53% increase from CNY 1,345,407,461.62 at the end of 2017[29]. - The net assets attributable to shareholders decreased by 2.17% to CNY 1,186,629,548.81 at the end of 2018 from CNY 1,212,890,957.06 at the end of 2017[29]. - The company reported a quarterly revenue of CNY 57,495,974.39 in Q1 2018, CNY 68,856,722.67 in Q2, CNY 56,096,880.66 in Q3, and CNY 45,725,323.73 in Q4[30]. - The net profit attributable to shareholders in Q4 2018 was CNY 1,172,043.56, a significant drop compared to previous quarters[30]. - The weighted average return on net assets for 2018 was 4.19%, an increase from 2.82% in 2017[29]. - The company reported a non-recurring gain of ¥14,251,717.64 in 2018, compared to ¥13,830,643.99 in 2017, reflecting an increase of 3.02%[35]. Investments and Projects - The company has invested in projects to enhance MO source production capacity and overall R&D capabilities, including a project for high-purity metal organic compounds[12]. - The company plans to invest in the development and industrialization of ArF photoresist products[14]. - The company received a central government subsidy of ¥1,816.65 million for the 193nm photoresist and supporting materials project, which has been officially approved[41]. - The "ArF photoresist development and industrialization project" received a central government grant of ¥13,285 million, with local matching funds under review[41]. - The company has completed the capital transfer and increase procedures for the project of developing special gases such as high-purity arsine and phosphine[110]. - The company plans to invest CNY 30 million in the "Annual Production of 170 Tons of MO Source and High K Trimethyl Aluminum Production Project," with CNY 8 million allocated for establishing a wholly-owned subsidiary in Quanjiao County, Anhui Province[106]. - A total of CNY 15 million will be used for the development and industrialization of ArF photoresist products, with the implementation led by the company's wholly-owned subsidiary in Ningbo[106]. - The total committed investment for the high-purity metal organic compound industrialization project is CNY 169.88 million, with CNY 141.48 million adjusted investment total[108]. - The cumulative investment in the high-purity metal organic compound industrialization project reached CNY 141.39 million, achieving 99.94% of the planned investment progress[108]. - The company has invested CNY 912.22 million in the R&D center technology renovation project, with a cumulative investment of CNY 2.29 million, achieving 79.18% of the planned investment progress[108]. Market Position and Competition - The company is a major global producer of MO source products, providing a full range of supply capabilities[7]. - The company has established a solid market position due to strong R&D capabilities and effective cost control[7]. - The company faces risks from intense market competition and a slowdown in demand within the LED chip industry[7]. - The company acknowledges potential risks in project implementation due to market demand fluctuations and policy changes[14]. - The company has completed the acquisition of sales operations and channels in North America, enhancing its ability to directly engage with key customers and expand market share[60]. - The company aims to achieve breakthroughs in three major battles: becoming the global leader in MO source, achieving domestic first-class status in electronic specialty gases, and successfully industrializing 193 photoresists[124]. Research and Development - The company has established a dedicated R&D team and a 1,500 square meter R&D center to support its innovation efforts[47]. - The R&D personnel count increased to 71, representing 26.39% of the total workforce[82]. - The company has developed high-purity phosphine and arsine products that have gained significant market share in the LED industry, becoming a new profit growth point[40]. - The company is focused on advancing the R&D and industrialization of the 193nm photoresist project, with a goal to establish a complete domestic industrial chain[130]. - The company recognizes the risk of technological obsolescence and is committed to continuous R&D and innovation to maintain its competitive edge[136]. Shareholder and Dividend Information - The board approved a cash dividend of 0.40 yuan per 10 shares and a bonus share distribution of 5 shares for every 10 shares held[15]. - The company distributed cash dividends of 10,673,763.60 CNY (including tax), which represents 20.83% of the net profit attributable to ordinary shareholders in 2018[142]. - For the 2018 fiscal year, the company proposed a dividend of 0.40 CNY per 10 shares and a capital reserve increase of 5 shares for every 10 shares held, resulting in a total share capital increase of 133,422,045 shares[145]. - The total share capital after the proposed increase will rise to 406,890,845 shares[145]. - The cash dividend payout ratio for 2017 was 57.05%, with a total cash dividend of 19,303,680.00 CNY[142]. - The company has maintained a consistent cash dividend policy, with the cash dividends for 2016, 2017, and 2018 being 9,651,840.00 CNY, 19,303,680.00 CNY, and 10,673,763.60 CNY respectively[145]. - The company has repurchased 5,618,540 shares, accounting for approximately 2.05% of the total share capital, to unify the interests of the company, employees, and shareholders[63]. - The cash dividends distributed in 2018 accounted for 100% of the total profit distribution[142]. Risk Management - The company has implemented safety management measures to mitigate risks associated with production processes[11]. - The company aims to enhance safety operations by integrating supply chain safety, financial risk control, and customer service into its risk management framework[125]. - The company faces risks related to core technology leakage and the potential loss of key technical personnel, which could impact its R&D capabilities[134]. - The company is addressing accounts receivable risks by enhancing internal control management and closely monitoring customer operations[135]. - The company is committed to improving its management model and incentive mechanisms to reduce management risks as it expands its operations[140]. Corporate Governance - The company has not faced any penalties or rectification issues during the reporting period[160]. - The company has strictly fulfilled its commitments made during the acquisition and restructuring processes[148]. - The domestic accounting firm, Zhongzheng Zhonghuan, has been retained for two consecutive years, with an audit fee of 450,000 RMB[155]. - There were no significant lawsuits or arbitration matters during the reporting period[159]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties[161]. - There were no major related transactions during the reporting period, including daily operational transactions[162].

Financial Performance - Operating revenue for the reporting period reached CNY 56,096,880.66, a 45.90% increase year-on-year[8] - Net profit attributable to shareholders increased by 96.46% to CNY 21,116,064.67 for the reporting period[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses rose by 149.94% to CNY 18,970,086.40[8] - Basic earnings per share increased by 96.94% to CNY 0.0772[8] - Total operating revenue for Q3 2018 was CNY 56,096,880.66, an increase of 46% compared to CNY 38,448,127.60 in the same period last year[38] - Net profit for Q3 2018 reached CNY 22,109,259.83, representing a 104% increase from CNY 10,784,682.75 in Q3 2017[39] - The total comprehensive income for the current period was ¥22,109,259.83, compared to ¥10,784,682.75 in the previous period, marking a 104.5% increase[43] - The total profit for the current period was ¥45,440,275.15, up from ¥29,948,686.86, reflecting an increase of around 51.5%[51] Assets and Liabilities - Total assets increased by 3.18% to CNY 1,388,240,036.09 compared to the end of the previous year[8] - The company's total liabilities decreased by 13.04 million yuan, a reduction of 40.70%, due to the settlement of matured payables[19] - The company's total liabilities decreased to CNY 53,017,807.40 from CNY 66,000,000.00, indicating a reduction of approximately 19.6%[31] - The company's total assets as of the end of Q3 2018 were CNY 1,357,954,068.76, compared to CNY 1,328,400,723.68 at the beginning of the year[35] - Current assets totaled CNY 989,314,497.41, up from CNY 942,596,188.68, indicating an increase of about 4.9%[30] - Cash and cash equivalents decreased to CNY 70,203,834.69 from CNY 88,040,242.20, representing a decline of approximately 20.3%[30] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -13,780,142.38, a decline of 206.58% compared to the same period last year[8] - Cash flow from operating activities decreased by 206.58% year-on-year, mainly due to increased procurement and salary payments[20] - Cash flow from operating activities showed a net outflow of ¥13,780,142.38, contrasting with a net inflow of ¥12,929,624.29 in the previous period[52] - The company received cash from operating activities totaling ¥135,700,018.69, compared to ¥106,646,203.96 in the previous period, an increase of about 27.2%[52] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,373[12] - The largest shareholder, Nanjing University Asset Management Co., Ltd., holds 11.74% of the shares[12] Research and Development - Research and development expenses for Q3 2018 were CNY 9,248,694.02, a decrease from CNY 12,213,633.92 in the same period last year[38] - Research and development expenses decreased to ¥4,490,186.58 from ¥10,917,989.21, a reduction of 58.8%[42] - Research and development expenses decreased to ¥14,476,719.46 from ¥25,592,340.22, indicating a reduction of approximately 43.5%[50] Non-Recurring Items - The company reported a total of CNY 7,632,542.93 in non-recurring gains and losses for the year-to-date[9] - The company reported an asset impairment loss of ¥6,001,014.56, which is significantly higher than the previous year's loss of ¥1,462,803.11[42] Future Plans - The company plans to implement a share repurchase program, which was approved by the board and shareholders, with procedures currently underway[21] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48]

Financial Performance - The company achieved operating revenue of 126.35 million yuan, an increase of 61.92% year-on-year[5]. - The net profit attributable to shareholders of the listed company was 28.95 million yuan, up 54.69% compared to the previous year[5]. - Total revenue for the reporting period reached ¥126,352,697.06, representing a 61.92% increase compared to ¥78,034,051.33 in the same period last year[22]. - Net profit attributable to shareholders was ¥28,954,228.09, up 54.69% from ¥18,717,145.28 year-on-year[22]. - Net profit after deducting non-recurring gains and losses increased by 121.52% to ¥23,467,663.43 from ¥10,594,156.78 in the previous year[22]. - The company reported a net cash flow from operating activities of -¥4,913,760.57, a significant decrease from ¥13,325,595.22 in the same period last year[22]. - The company achieved a revenue of CNY 126.35 million in the first half of 2018, representing a year-on-year increase of 61.92%[41]. - Net profit attributable to shareholders reached CNY 28.95 million, up 54.69% year-on-year[41]. - The production of MO source products totaled 18,160.49 kg, a significant increase of 146.51% compared to the previous year[41]. - Sales revenue from MO source products amounted to CNY 83.11 million, reflecting a year-on-year growth of 41.11%[41]. Research and Development - The electronic specialty gas products have successfully completed R&D and industrialization, contributing to sales in both the LED and IC sectors[6]. - The company plans to enhance MO source production capacity and overall R&D capabilities through various investment projects[9]. - The company has successfully developed high-purity phosphine and arsine products, which have been integrated into large-scale production in the LED industry, resulting in significant sales growth[31]. - The company has initiated a project for 193nm photoresist and related materials, receiving a central government subsidy of ¥18,166,500[32]. - The development of ALD metal organic precursor products has progressed well, with initial sales promotions underway and customer certifications achieved[33]. - The company has completed the construction of production lines for ALD metal organic precursors and has begun initial sales promotions[44]. - The company plans to increase investment in the R&D center renovation project by CNY 36.76 million, bringing the total investment to CNY 43.25 million as of June 30, 2018[60]. Market Position and Strategy - The company is a major global producer of MO sources, with a strong reputation and established market position in the LED industry[6]. - The company is actively expanding its market presence in the IC field, with progress in sales development[6]. - The company has established a dedicated customer service department to improve marketing and service quality, which has positively impacted sales[5]. - The company reported a significant increase in sales revenue from the direct sales model, which accounted for 95.60% of total revenue, up from 89.20% year-on-year[52]. Financial Health and Risks - There are risks associated with market competition and safety management in the production of MO sources, which could impact future performance[7]. - The company is facing risks related to core technology leakage and personnel turnover, and plans to enhance talent retention through improved compensation and career development[75]. - The company is also addressing accounts receivable risks due to potential customer defaults, implementing stricter internal controls and monitoring[76]. - The company acknowledges the risk of technological obsolescence and plans to invest in continuous R&D to enhance product performance and competitiveness[76]. - The company reported a total share capital increase from 160,864,000 shares to 273,468,800 shares due to a capital reserve conversion of 112,604,800 shares[107]. - The company did not distribute cash dividends or issue bonus shares for the half-year period, nor did it plan to increase capital from the capital reserve[79]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,365,596,621.99, reflecting a 1.50% increase from ¥1,345,407,461.62 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 0.80% to ¥1,222,541,505.15 from ¥1,212,890,957.06 at the end of the previous year[23]. - Accounts receivable increased by 83.33% compared to the end of the previous year, primarily due to increased sales and customers predominantly settling with promissory notes[35]. - The company’s total assets included cash and cash equivalents of ¥77,176,628.63, which accounted for 5.65% of total assets, down from 6.92% in the previous year[54]. - The company’s total liabilities were CNY 115,768,812.32, up from CNY 107,802,113.84, indicating an increase of approximately 7.5%[130]. Corporate Governance and Compliance - The company held its first extraordinary shareholders' meeting on January 19, 2018, with an investor participation rate of 62.86%[78]. - The company did not engage in any derivative investments or entrusted loans during the reporting period[69][70]. - The company has no issues with the use and management of raised funds, ensuring compliance with regulations[64]. - The financial report for the first half of 2018 was not audited[126]. - The company has not initiated any poverty alleviation programs during the reporting year[101]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,494[112]. - The largest shareholder, Shen Jie, owns 31,641,095 shares, which is 11.57% of total shares[114]. - The top ten unrestricted shareholders collectively hold 132,000,000 shares, with no changes in the controlling shareholder during the reporting period[115]. - The company did not engage in any repurchase transactions during the reporting period[114].

Financial Performance - Total revenue for Q1 2018 reached ¥57,495,974.39, an increase of 139.38% compared to the same period last year[8] - Net profit attributable to shareholders was ¥10,546,921.74, up 321.19% year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥8,622,614.93, a staggering increase of 3,646.34% compared to the previous year[8] - Basic earnings per share rose to ¥0.0656, reflecting a growth of 320.51% year-on-year[8] - Operating revenue increased by 139.38% year-on-year, driven by significant growth in sales of electronic specialty gases and MO source products[25] - Net profit attributable to the parent company increased by 321.19% year-on-year, mainly due to improved sales performance of specialty gases and MO source products[25] - The total operating revenue for the first quarter was CNY 57,495,974.39, a significant increase of 139.5% compared to CNY 24,018,603.79 in the same period last year[51] - The net profit for the quarter reached CNY 11,696,523.83, compared to CNY 2,243,460.63 in the previous year, representing a growth of 420.5%[52] - Earnings per share (EPS) for the quarter was CNY 0.0656, up from CNY 0.0156 in the same quarter last year, indicating a growth of 320.5%[53] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,357,188,300.69, a slight increase of 0.88% from the end of the previous year[8] - Current assets totaled CNY 956,980,596.71, slightly up from CNY 942,596,188.68 at the beginning of the period, indicating a growth of approximately 1.5%[43] - The total liabilities increased to CNY 120,241,067.07 from CNY 114,198,686.65, marking a rise of 5.4%[52] - Total liabilities decreased marginally to CNY 107,762,384.64 from CNY 107,802,113.84, indicating a reduction of about 0.04%[45] - The equity attributable to shareholders of the parent company increased to CNY 1,223,561,923.24 from CNY 1,212,890,957.06, marking a growth of approximately 0.9%[46] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,165[18] - The largest shareholder, Shanghai Tonghua Venture Capital Co., Ltd., holds 12.15% of shares, totaling 19,539,451 shares[18] - The second-largest shareholder, Nanjing University Asset Management Co., Ltd., holds 11.77% of shares, totaling 18,928,200 shares[18] - The total number of restricted shares at the beginning of the period was 19,921,200, with 2,282,000 shares added during the period, resulting in a total of 22,203,200 restricted shares[22] - The company did not conduct any repurchase transactions among the top 10 common shareholders during the reporting period[20] - The top 10 unrestricted common shareholders collectively hold 69,000,000 shares[19] - The largest unrestricted shareholder, Shanghai Tonghua Venture Capital Co., Ltd., holds 19,539,451 shares[19] Cash Flow - Cash and cash equivalents decreased by 38.16% compared to the beginning of the year, primarily due to the investment of idle funds in financial products[25] - Operating cash inflow increased by 52.51% year-on-year, supported by higher operating revenue and project funding of 6.5581 million yuan[25] - Operating cash inflow totaled CNY 38,679,596.75, up from CNY 25,361,306.82 in the previous period, representing a 52.8% increase[60] - Net cash flow from operating activities was negative CNY 6,938,592.49, worsening from negative CNY 2,310,356.68 in the prior period[60] - The total cash and cash equivalents at the end of the period stood at CNY 54,446,742.21, down from CNY 57,707,977.09 previously[61] Investment and R&D - The company has invested in projects to enhance MO source production capacity and overall R&D capabilities, with potential risks in project implementation and expected returns[12] - The company is progressing on key R&D projects, including the development of ALD metal organic precursor products and advanced packaging photoresist technology[27] - The total investment commitment for the high-purity metal organic compound industrialization project was CNY 169.88 million, with an actual investment of CNY 141.48 million, resulting in a surplus of CNY 28.41 million due to lower equipment purchase prices and optimized production[34] - The R&D center technology renovation project has a total investment commitment of CNY 22.94 million, with the main construction completed and ongoing internal decoration and equipment procurement[34] - The company has invested CNY 65.34 million in its wholly-owned subsidiary, Quanjiao Nanda Optoelectronic Materials Co., Ltd., for the development of special gases such as high-purity arsine and phosphine[34] Risks and Commitments - The company faces risks from intense competition in the LED industry, which may impact performance[10] - Safety risks associated with the production of MO sources, which are sensitive to oxygen and water, are a concern for the company[11] - The company has committed to avoid any form of competition with its existing business during the shareholder period, ensuring no conflicts of interest[31] - The company has received commitments from major shareholders to not engage in similar business activities that could harm the interests of the company and its shareholders[31] - The company has not reported any overdue commitments that have not been fulfilled during the reporting period[31] - The company has outlined its commitment to legal responsibilities in case of any breaches of the commitments made by its shareholders[31] Market and Product Development - The company has not disclosed any new product or technology developments in this report[24] - There are no significant mergers or market expansion strategies mentioned in the report[24] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[52]

Financial Performance - The company achieved operating revenue of 177.21 million RMB in 2017, an increase of 74.90% year-on-year[6]. - The net profit attributable to shareholders was 33.84 million RMB, representing a year-on-year increase of 348.28%[6]. - The company's operating revenue for 2017 was CNY 177,213,496.48, representing a 74.90% increase compared to CNY 101,325,460.75 in 2016[23]. - The net profit attributable to shareholders for 2017 was CNY 33,839,133.41, a significant increase of 348.28% from CNY 7,548,678.72 in 2016[23]. - The net profit after deducting non-recurring gains and losses reached CNY 20,008,489.42, up 9,483.91% from CNY 208,771.58 in 2016[23]. - The total assets at the end of 2017 were CNY 1,345,407,461.62, reflecting a 4.70% increase from CNY 1,285,072,595.87 at the end of 2016[23]. - The basic earnings per share for 2017 were CNY 0.2104, an increase of 348.61% from CNY 0.0469 in 2016[23]. - The net cash flow from operating activities for 2017 was CNY 22,522,855.23, a decrease of 31.88% compared to CNY 33,063,477.76 in 2016[23]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 20%[172]. Government Subsidies and Financial Support - Government subsidies accounted for 59.30% of the profit total in the parent company and 46.14% in the consolidated financial statements for 2017[6]. - The company received a government subsidy of 18.17 million yuan for the 193nm photoresist project, which is currently under development[38]. - The company received government subsidies for equipment investment, resulting in a 960% increase in cash inflow from financing activities[67]. Market Position and Industry Trends - The company is a major global producer of MO sources, with a strong market position supported by R&D capabilities and product quality[7]. - The LED chip industry experienced strong demand, which positively impacted the sales volume of MO sources[6]. - The company aims to become the global leader in MO source materials and achieve successful industrialization of 193nm photoresist[91]. - The global semiconductor market reached nearly $405 billion in 2017, with a year-on-year growth rate of 17.7%, while China's semiconductor industry size reached 510 billion yuan, growing by 17.6%[89]. - In 2017, China's semiconductor lighting industry achieved a total output value of 653.8 billion yuan, with a year-on-year growth of 25.3%[86]. Research and Development - The company has invested in projects to enhance MO source production capacity and R&D levels, including a high-purity metal organic compound industrialization project[10]. - The company has established a dedicated R&D team and a 1,500 square meter R&D center for the development of new products in the photoresist sector[33]. - The company has developed high-purity phosphine and arsine products, which have been successfully promoted in the LED industry, contributing to significant sales revenue growth[32]. - The company is focusing on the development of electronic specialty gases, with an emphasis on market penetration of phosphine, arsine, and safety sources[95]. - The company is accelerating the R&D of 193nm photoresist and aims to establish a complete industrial chain for photoresist products[96]. - Research and development (R&D) investment for 2017 was ¥38,443,187.33, which is 21.69% of the operating revenue[65]. Production and Sales - The production of MO source products totaled 24,094.54 kg, marking a year-on-year increase of 60.67%, with sales reaching 25,071.97 kg, up 64.46%[44]. - The electronic specialty gas business generated sales of 32.47 million yuan, with a net profit of 8.63 million yuan, indicating a turnaround for the subsidiary[45]. - The production volume increased by 119.44% to 44,189.12 KG, driven by the launch of new products and optimized production processes[56]. - The revenue from trimethyl gallium was ¥49,745,729.52, a 38.08% increase from ¥36,027,011.21 in 2016, while trimethyl indium revenue rose by 31.62% to ¥49,806,399.03[53]. Profit Distribution - The profit distribution plan includes a cash dividend of 1.20 RMB per 10 shares, with no bonus shares issued[11]. - For the year 2017, the company plans to distribute cash dividends of 1.20 CNY per share, totaling 19,303,680.00 CNY (including tax)[110]. - In 2017, the cash dividend amount was 19,303,680.00, representing 57.05% of the net profit attributable to ordinary shareholders of 33,839,133.41[111]. Risks and Challenges - The company faces risks from intense market competition and potential oversupply in the MO source segment[7]. - The company faces risks related to accounts receivable bad debts due to the financial instability of some downstream customers, which could adversely affect its financial performance[102]. - Safety management remains a critical concern due to the hazardous nature of MO source production processes[8]. Corporate Governance and Management - The company has a governance structure that complies with relevant laws and regulations, ensuring clear responsibilities and coordination among its governing bodies[185]. - The company does not have a controlling shareholder, ensuring its independence in business operations and financial decisions[187]. - The company has undergone a restructuring of its board and management, with multiple departures and new appointments in 2017[163]. - The company’s management team includes several experienced professionals with backgrounds in finance and investment, indicating a strong leadership structure[164]. Employee and Talent Management - The company emphasizes the importance of talent acquisition and retention, particularly for core technical personnel, to maintain its innovation capabilities and competitive edge[101]. - The company has a structured approach to internal talent development, promoting continuous learning and internal mobility among its workforce[100]. - The total remuneration for directors and senior management during the reporting period amounted to CNY 740.02 million[177]. - The training plan for 2017 and 2018 focuses on improving employee skills and overall quality, covering various modules such as special operations, R&D, production, sales, and management[182].