Financial Performance - The company's operating revenue for 2018 was approximately ¥1.45 billion, representing a 76.23% increase compared to ¥820 million in 2017[37]. - The net profit attributable to shareholders for 2018 was approximately ¥284 million, a significant increase of 239.37% from ¥83 million in 2017[37]. - The net profit after deducting non-recurring gains and losses was approximately ¥257 million, up 248.81% from ¥73 million in 2017[37]. - The net cash flow from operating activities for 2018 was approximately ¥183 million, reflecting a 55.06% increase from ¥118 million in 2017[37]. - The basic earnings per share for 2018 was ¥0.67, an increase of 148.15% compared to ¥0.27 in 2017[37]. - The total assets at the end of 2018 were approximately ¥3.49 billion, a 19.17% increase from ¥2.93 billion at the end of 2017[37]. - The net assets attributable to shareholders at the end of 2018 were approximately ¥2.19 billion, up 13.75% from ¥1.92 billion at the end of 2017[37]. - The company reported quarterly revenues of ¥359 million, ¥382 million, ¥357 million, and ¥345 million for Q1, Q2, Q3, and Q4 respectively in 2018[38]. Research and Development - The company focuses on R&D investment to enhance product performance and reduce costs, driven by national support for the new materials industry[59]. - The company invested 113.99 million yuan in R&D, which is a 35.30% increase from the previous year, emphasizing its commitment to innovation[87]. - The company has established a comprehensive new product R&D innovation mechanism and has been recognized as a leading R&D base for new materials in China[70]. - The company is actively engaged in research and development, with multiple patents related to organic silicon acrylate and polyurethane acrylate resins, showcasing its commitment to advancing material science[116]. - The company has developed various patented technologies, including methods for producing high-purity aluminum oxide and aluminum hydroxide, which are critical for its product offerings[116]. - The company has filed for 50 new patents in liquid crystal technology, indicating a strong commitment to innovation[121]. - The company is investing in R&D for liquid crystal compounds with negative dielectric anisotropy, aiming to improve product performance[136]. Market Expansion and Product Development - The company is actively expanding its product offerings in UV curing materials and electronic chemical materials, targeting applications in various industries such as automotive and electronics[13]. - The company plans to continue expanding its market presence and invest in new product development to sustain growth[29]. - The company is exploring potential mergers and acquisitions to enhance its technology portfolio and market reach[121]. - The company is focusing on the semiconductor materials sector, leveraging its supply chain relationships to deepen its market penetration[93]. - The company is expanding its market presence through the development of LED fiber coatings and inks, which are now in mass production[145]. - The company has introduced a new series of products, including UV coatings for automotive interiors and white goods, contributing to a richer product line and increased market competitiveness[145]. Strategic Acquisitions and Investments - The company completed the full consolidation of acquisitions made in 2017, including a 60% stake in Changxing Kundi, 100% of Dairui Technology, and 100% of Hecheng Display[59]. - The company is pursuing investment and acquisition opportunities to enhance strategic deployment, although uncertainties in market conditions pose risks to successful integration[16]. - The company has made significant acquisitions, including a 60% stake in Changxing Kundi and 100% stakes in Dairui Technology and Hecen Display, enhancing its position in the electronic chemical materials industry[76]. - The company has changed the fundraising project from "3000t/a UV Curing Plastic Coating Project" to "50t/a High-Performance Optoelectronic Material Construction Project" to align with its strategic development, considering market demand changes[183]. Operational Efficiency and Management - The company has experienced rapid expansion, necessitating improvements in management capabilities and internal control systems to mitigate management risks[14]. - The company has implemented a global supplier evaluation system to ensure the quality and cost-effectiveness of raw materials, significantly reducing production costs[77]. - The company has established a strategic partnership with major LCD panel manufacturers, enhancing its market presence and revenue potential[84]. - The company has implemented an employee stock ownership plan to enhance employee engagement and align interests with shareholders[92]. Industry Trends and Challenges - The company acknowledges risks associated with industry fluctuations, particularly in the optical fiber and cable market, which may impact sales of UV curing materials[10]. - The company recognizes the potential impact of emerging display technologies, such as OLED, which could challenge the current dominance of LCD technology[12]. - The company operates in a cyclical industry closely tied to the national economic development, with sales stability during economic prosperity[62]. - The global optical fiber and cable market is expected to grow by 4% in 2018, driven by strong demand in Western Europe and India, despite a slowdown in the Chinese market[191]. - The company anticipates that the 5G infrastructure push in China will accelerate large-scale procurement by operators in 2019, contributing to increased demand for optical fiber and cable[191].

Financial Performance - Net profit attributable to shareholders was ¥99,127,173.60, representing a significant increase of 295.03% year-on-year[8]. - Operating revenue for the reporting period was ¥357,776,577.05, up 56.15% compared to the same period last year[8]. - Basic earnings per share were ¥0.23, reflecting a growth of 228.57% year-on-year[8]. - The company reported a total net profit of ¥254,848,588.42 for the year-to-date, which is a 416.59% increase year-on-year[8]. - Revenue for the first nine months reached ¥1,100,392,886.71, a 130.14% increase compared to the same period last year, driven by the consolidation of new subsidiaries[19]. - Sales revenue reached ¥1,099,858,439.63, a 104.32% increase compared to the same period last year, driven by the consolidation of new subsidiaries[20]. - The net profit for Q3 2018 reached ¥100,021,156.71, a significant increase of 287.5% from ¥25,825,600.69 in Q3 2017[41]. - The company reported a total profit of ¥298,085,205.66, compared to ¥60,376,251.20 in the previous period, reflecting an increase of about 393%[47]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,292,237,534.03, an increase of 12.43% compared to the end of the previous year[8]. - The company’s total equity attributable to shareholders increased to ¥2,155,390,440.98, a rise of 12.19% from the previous year[8]. - Total liabilities rose to ¥1,083,933,299.10 from ¥957,743,819.66, which is an increase of approximately 13.2%[34]. - The total assets as of Q3 2018 were ¥2,500,162,194.71, compared to ¥2,236,504,651.42 at the end of the previous year, reflecting growth in the company's asset base[38]. - The total liabilities increased to ¥913,576,126.37 from ¥652,122,773.13, indicating a rise in financial obligations[38]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥170,838,571.49, an increase of 111.66% compared to the previous year[8]. - Cash inflow from operating activities totaled ¥1,128,938,712.08, significantly higher than ¥542,894,265.11 in the prior period, indicating an increase of about 108%[52]. - The net cash flow from operating activities for the third quarter was ¥170,838,571.49, an increase from ¥80,712,616.46 in the same period last year, representing a growth of approximately 111.8%[53]. - Total cash inflow from financing activities was ¥441,309,099.36, compared to ¥808,926,249.44 in the previous year, indicating a decrease of about 45.4%[53]. - The company experienced a net decrease in cash and cash equivalents of ¥4,199,755.65 during the quarter, contrasting with an increase of ¥453,983,217.75 in the same quarter last year[56]. Expenses - Operating costs increased by 99.37% to ¥568,309,807.65, reflecting the same factors contributing to revenue growth[19]. - Management expenses increased by 92.71% to ¥84,242,193.24, reflecting the integration of new subsidiaries and associated costs[19]. - R&D expenses increased by 96.89% to ¥87,825,060.22, primarily due to the consolidation of Changxing Kundi and Dairui Technology[20]. - Financial expenses rose by 36.89% to ¥12,816,523.67, attributed to increased borrowing and interest expenses[20]. - Cash paid for purchasing goods and services rose by 107.97% to ¥640,200,116.05, influenced by higher raw material prices and increased sales volume[20]. Shareholder Information - The top shareholder, Feikai Holdings Co., Ltd., holds 45.89% of the shares, with 195,822,900 shares pledged[12]. - The company distributed cash dividends of ¥21,337,030.35, amounting to ¥0.50 per share, as part of its profit distribution plan[24]. - The total number of restricted shares at the end of the period was 68,710,080, with significant releases scheduled for October 22, 2020[16]. Strategic Initiatives - The company plans to continue expanding its market presence through strategic acquisitions and product development initiatives[19]. - The company plans to continue expanding its market presence and investing in new technologies to support future growth[22]. - The company is focused on expanding its market presence and developing new products in the electronic chemical materials sector[27].

Financial Performance - Total revenue for the first half of 2018 reached ¥742,616,309.66, representing a 198.24% increase compared to ¥249,003,639.42 in the same period last year[19]. - Net profit attributable to shareholders was ¥155,721,414.82, a significant increase of 542.43% from ¥24,239,561.52 year-on-year[19]. - Net profit after deducting non-recurring gains and losses was ¥148,268,720.84, up 530.51% from ¥23,515,862.48 in the previous year[19]. - Operating cash flow net amount was ¥139,644,275.41, reflecting a 203.26% increase compared to ¥46,046,999.90 in the same period last year[19]. - Basic earnings per share rose to ¥0.36, a 414.29% increase from ¥0.07 in the previous year[19]. - The company achieved operating revenue of 742.62 million yuan, a year-on-year increase of 198.24%[32]. - The company reported a total comprehensive income of CNY 157,389,862.72, compared to CNY 25,251,610.61 in the previous year, which is an increase of approximately 523.5%[189]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,128,385,238.69, a 6.83% increase from ¥2,928,352,638.90 at the end of the previous year[19]. - Total liabilities increased to CNY 1,018,879,008.08 from CNY 957,743,819.66, reflecting a growth of about 6.4%[180]. - The company's equity attributable to shareholders reached CNY 2,055,036,419.77, up from CNY 1,921,251,565.70, indicating an increase of approximately 7.0%[181]. Research and Development - The company plans to continue increasing R&D investment to improve product performance and reduce costs, focusing on high-end technology and products[32]. - Research and development expenses increased by 141.73% to ¥56,317,976.19 from ¥23,298,008.52, indicating a strong commitment to innovation and product development[54]. - The company has established a comprehensive R&D innovation mechanism, recognized as a leading R&D base for new materials in China[34]. Market Strategy and Operations - The company is actively expanding its market presence in the semiconductor materials sector, leveraging the shift of the semiconductor industry towards China and the increasing demand for high-value electronic materials[48]. - The company emphasizes a sales-driven production model, adjusting production schedules based on sales department feedback[30]. - The company is focused on optimizing product formulas and production processes to further enhance product performance and reduce production costs[39]. Environmental Responsibility - The company operates as a key pollutant discharge unit, with specific emissions monitored and reported[140]. - The company has implemented a real-time monitoring system for wastewater, measuring COD and ammonia nitrogen levels daily[144]. - The company has established a comprehensive emergency response plan for environmental incidents, effective since December 1, 2017[144]. Corporate Governance and Compliance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no significant omissions or misleading statements[3]. - The company is optimizing its governance structure to improve management efficiency and compliance with regulatory requirements[51]. - The company has not encountered any issues regarding the timely and accurate disclosure of fundraising usage during the reporting period[77]. Social Responsibility - The company has committed to supporting a local cooperative established by a graduate student in Meizhai Village by prioritizing the purchase of its agricultural products[149]. - The company has established a poverty alleviation team that conducts quarterly visits to Meizhai Village to assess and address local issues[147]. - The company is committed to implementing various poverty alleviation strategies, including industrial development and employment support, in line with national policies[153]. Future Outlook - The company anticipates a significant increase in net profit for the first nine months of 2018, projecting a range of RMB 23.52 million to RMB 24.97 million, representing a growth of 376.80% to 406.20% compared to the previous year[95]. - The company plans to enhance its market presence by strengthening sales efforts domestically and expanding into international markets, aiming to increase market share for semiconductor materials and other new products[101].

Financial Performance - Total revenue for Q1 2018 reached ¥359,895,014.35, a significant increase of 226.64% compared to ¥110,181,805.43 in the same period last year[9] - Net profit attributable to shareholders was ¥73,421,458.33, representing a remarkable growth of 398.28% from ¥14,734,846.64 year-on-year[9] - The net cash flow from operating activities surged to ¥101,986,287.86, up 859.96% from ¥10,624,054.14 in the previous year[9] - Basic earnings per share increased to ¥0.17, a rise of 325.00% compared to ¥0.04 in the same quarter last year[9] - Operating revenue surged by 226.64% to ¥359,895,014.35, primarily driven by the inclusion of Longxing Kundi, Dairui Technology, and Hacheng Display in the consolidation scope[28] - The company reported a significant increase in cash received from operating activities, totaling ¥415,379,108.85, up 217.27% compared to the previous year[29] - The company reported a net cash flow from operating activities of ¥38,990,613.88, a significant improvement compared to the previous period's negative cash flow of -¥22,910,459.11[65] - The total cash and cash equivalents at the end of the period reached ¥169,114,065.68, a significant increase from ¥47,464,562.35 at the end of the previous period[66] Market Strategy and Expansion - The company has transitioned from a single product focus to a diversified portfolio including UV curing materials, display materials, and semiconductor materials[11] - The company plans to enhance its market presence by strengthening its sales team and expanding into international markets[14] - The company is actively investing in R&D to maintain its competitive edge in technology-intensive industries[12] - The company is committed to developing new products and expanding into emerging application fields to mitigate market development risks[15] - The company plans to acquire 45% equity in Lishin Technology Co., Ltd., which has been submitted for review by the Taiwan Ministry of Economic Affairs[30] - The company aims to deepen its focus on UV curing and other new materials while enhancing high-end technology and product offerings[30] - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[55] Financial Position and Assets - The total assets at the end of the reporting period were ¥3,022,284,765.78, reflecting a 3.21% increase from the previous year[9] - Cash and cash equivalents increased by 30.47% to ¥404,107,415.26 due to significant cash inflows from the consolidation of Longxing Kundi, Dairui Technology, and Hacheng Display[28] - The total current assets reached RMB 1,171,731,497.49, compared to RMB 1,128,617,772.45 at the beginning of the period, indicating a growth in liquidity[46] - The total liabilities increased to CNY 977,904,319.28 from CNY 957,743,819.66, showing a rise of about 2.1%[49] - The total equity attributable to shareholders of the parent company reached CNY 1,993,602,324.19, compared to CNY 1,921,251,565.70 at the start of the year, marking an increase of approximately 3.8%[50] Risks and Challenges - The company faces risks related to market fluctuations in the optical fiber and LCD sectors, which could impact sales of its UV curing materials[13] - The company's asset scale and business scope are rapidly expanding, leading to increased management risks and challenges in operational management and talent development[16] - Fixed asset investment is increasing significantly due to projects like the "5500t/a synthetic new materials project" and "TFT photoresist project," which may lead to higher depreciation and labor costs if capacity is not effectively utilized[17] - The company is actively pursuing mergers and acquisitions to enhance its strategic deployment, but faces risks related to integration and achieving synergies[18] - To mitigate investment and acquisition risks, the company will enhance due diligence capabilities and focus on selecting quality investment targets[19] Governance and Management - The company has established a robust internal control system and is exploring efficient management mechanisms to enhance governance and reduce management risks[16] - The company plans to strengthen its management team by attracting top talent and optimizing its management structure[16] - The company has implemented a profit distribution plan that adheres to its articles of association and has involved independent directors and minority shareholders in the decision-making process[39] Investment and Projects - Cumulative investment of raised funds reached 731.2383 million yuan, with 12.79% of the funds having been reallocated[36] - The company has completed 100% of the investment in the 3500t/a UV curing project, amounting to 77.44 million yuan[36] - The acquisition of 60% equity in Changxing Electronic Materials (Kunshan) Co., Ltd. was financed with 54.3207 million yuan[36] - The company reported a total investment of 77,065.8 million for various projects, with a completion rate of 100% for certain cash payments[37] - The 3500t/a UV curing photoresist project is experiencing slower construction progress than expected, affecting its output and anticipated benefits[37] - The company has shifted the fundraising focus from the 3000t/a UV curing special acrylic resin project to the 50t/a high-performance optoelectronic new materials construction project[37] - The company’s strategic planning has led to the decision to redirect funds from projects that no longer align with its current objectives[37] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 12,504, with the top 10 shareholders holding a combined 68.72% of shares[21] - The largest shareholder, Feikai Holdings Limited, holds 45.89% of the shares, with 112,230,000 shares pledged[21] - The company has not engaged in any repurchase transactions among the top shareholders during the reporting period[22]

Company Transformation and Growth - The company has transformed from a single product focus to a diversified portfolio including UV curing materials, display materials, and semiconductor materials, enhancing its competitive position [7]. - The company has made significant investments in new subsidiaries and acquisitions, including 100% ownership of DaRui Technology and HeCheng Display, expanding its asset scale and business scope [12]. - The company is actively pursuing market expansion in new fields, including UV curing materials and electronic chemical materials, to meet the evolving demands of downstream industries [11]. - The company is experiencing rapid growth in fixed asset investments, which may lead to increased depreciation and labor costs if production capacity is not effectively utilized [14]. - The company is committed to enhancing its management capabilities to address the complexities arising from its rapid expansion and ensure effective operational control [12]. Financial Performance - The company's operating revenue for 2017 was approximately ¥820.37 million, representing a 109.79% increase compared to ¥391.04 million in 2016 [29]. - The net profit attributable to shareholders for 2017 was approximately ¥83.81 million, a 23.64% increase from ¥67.79 million in 2016 [29]. - The net cash flow from operating activities for 2017 was approximately ¥118.29 million, showing a 101.72% increase from ¥58.64 million in 2016 [29]. - The total assets at the end of 2017 reached approximately ¥2.93 billion, a 156.09% increase from ¥1.14 billion at the end of 2016 [29]. - The net assets attributable to shareholders at the end of 2017 were approximately ¥1.92 billion, a 145.97% increase from ¥781.11 million at the end of 2016 [29]. Research and Development - The company acknowledges the challenges of maintaining technological innovation in a competitive landscape dominated by foreign suppliers, necessitating ongoing investment in R&D [8]. - The company is committed to increasing R&D investment to improve product performance and reduce costs, while enhancing technical capabilities [42]. - The company has established a comprehensive R&D innovation mechanism for new materials, positioning itself as a leading R&D base in China [47]. - The company has maintained a consistent focus on R&D investment, emphasizing both independent innovation and the absorption of external technologies, continuously increasing R&D expenditures to enhance technological innovation capabilities and market competitiveness [80]. - The company is currently developing a UV-curable plastic coating for various applications, including mobile phones and automotive parts, with small-scale sales initiated [90]. Acquisitions and Mergers - The company has identified potential risks associated with mergers and acquisitions, including integration challenges and the inability to achieve synergies [15]. - The company completed the acquisition of 100% of Dairui Technology, which specializes in the manufacturing and sales of solder balls for semiconductor packaging, further diversifying the company's product offerings [41]. - The company completed the acquisition of 100% of Hecheng Display, which focuses on liquid crystal materials, enhancing resource integration and achieving synergies in technology and management [41]. - The company acquired a 60% stake in Changxing Kundi, enhancing its product line in semiconductor materials, which is expected to improve competitiveness in the semiconductor materials sector [40]. - The company has completed major asset restructuring, acquiring 100% equity of Hecheng Display and 60% equity of Changxing Kundi, enhancing its product portfolio in UV curing materials, display materials, and semiconductor materials [57]. Market and Industry Outlook - The market for optical fiber and cable is expected to grow significantly, driven by the government's push for 5G commercialization and infrastructure development [39]. - The company expects continued growth in the optical fiber and cable industry, driven by strong demand in China, which accounted for 57% of global demand [132]. - The semiconductor market is projected to exceed USD 437 billion in 2018, with a growth rate of 7% [134]. - The company aims to increase its market share in the integrated circuit packaging sector, benefiting from the rapid growth of the semiconductor industry in China [135]. - The company plans to increase investment in semiconductor packaging materials and aims to enhance its product line in this sector, particularly in wet process chemicals and packaging materials [139]. Risk Management - The company faces risks from industry fluctuations, particularly in the fiber optic cable market, which may impact sales of its UV curing materials [10]. - The company has established a strict technical confidentiality system and advanced talent management practices to mitigate risks related to core technology personnel turnover and technology leakage [7]. - The company is committed to providing high-quality new materials for high-tech manufacturing, adhering to a business philosophy centered on customers, quality, R&D, and employees [42]. - The company has a strong cost advantage by mastering the synthesis technology of key raw materials, significantly reducing production costs compared to industry peers [53]. - The company is focusing on external mergers and acquisitions to strengthen its position in the new materials industry, leveraging market trends and opportunities [64]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares to all shareholders, based on a total of 426,740,607 shares [15]. - The cash dividend distribution in 2017 represented 25.46% of the net profit attributable to shareholders, which was RMB 83,812,376.70 [157]. - The company has a long-term commitment to maintaining a stable profit distribution policy while considering the opinions of independent directors and public investors [180]. - The profit distribution policy emphasizes cash dividends, with a minimum of 15% of the distributable profit from the previous year to be distributed in cash if no major capital expenditures are planned [180]. - The company will temporarily withhold cash dividends if it fails to fulfill its commitments regarding the accuracy of the prospectus [178]. Operational Efficiency and Management - The company aims to optimize its governance structure and improve management levels to ensure compliance and enhance operational efficiency [62]. - The company plans to enhance its organizational structure and internal controls to improve management efficiency and operational capabilities [149]. - The company is committed to transparency and legal compliance in all financial disclosures and shareholder communications [176]. - The company has established a clear framework for share reduction that complies with legal and regulatory requirements [168]. - The company is obligated to ensure that any stock repurchase or increase in stake does not lead to non-compliance with listing requirements [176].

Financial Performance - Operating revenue for the period reached CNY 229,128,015.30, a year-on-year increase of 137.85%[7] - Net profit attributable to shareholders was CNY 25,093,411.97, up 45.45% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 23,810,994.02, an increase of 52.85%[7] - Cash flow from operating activities for the year-to-date was CNY 80,712,616.46, reflecting a 136.08% increase[7] - Basic earnings per share decreased by 58.82% to CNY 0.07 compared to the same period last year[7] - The weighted average return on equity was 3.11%, up from 0.83% at the end of the previous year[7] - Revenue for the first nine months of 2017 reached ¥478,131,654.72, a 64.08% increase compared to ¥291,399,091.15 in the same period of 2016[17] - Revenue for the third quarter increased by 56.68% year-on-year, reaching CNY 538.31 million, primarily due to the inclusion of Longxing Kundi, Darui Technology, and Hecheng Display in the consolidated scope[18] - Total operating revenue for Q3 2017 reached ¥229,128,015.30, a significant increase from ¥96,333,827.99 in the same period last year, representing a growth of approximately 137.5%[41] - Net profit for Q3 2017 was ¥25,825,600.69, compared to ¥17,192,551.39 in Q3 2016, reflecting an increase of approximately 50.5%[42] Assets and Liabilities - Total assets increased by 182.75% to CNY 3,233,211,996.04 compared to the end of the previous year[7] - Cash and cash equivalents increased by 344.29% to ¥742,190,887.59 due to the issuance of shares and cash payments for asset purchases[16] - Accounts receivable rose by 176.09% to ¥425,215,601.80 primarily due to the consolidation of Longxing Kundi and other companies[16] - Inventory increased by 203.62% to ¥166,015,157.13, attributed to the consolidation of Longxing Kundi and other companies[16] - Total liabilities increased to RMB 2,379,044,550.37 from RMB 362,338,466.99, representing a rise of approximately 558%[35] - The company's equity attributable to shareholders rose to RMB 822,030,381.64 from RMB 781,107,556.17, showing a modest increase of about 5.2%[36] Expenses - Operating costs rose by 80.61% to ¥285,052,009.61, mainly due to the consolidation of Longxing Kundi and other companies[17] - Sales expenses rose to ¥31,562,834.75 from ¥15,144,536.20, an increase of approximately 108.5%[48] - Management expenses increased to ¥88,321,614.81 from ¥66,324,953.28, reflecting a growth of about 33.2%[48] - Financial expenses grew by 63.29% to CNY 9.36 million, mainly due to increased borrowing and reduced interest income[18] Shareholder Information - The company reported a total of 19,099 common shareholders at the end of the reporting period[11] - The largest shareholder, Feikai Holdings Co., Ltd., holds 53.80% of the shares, amounting to 195,822,900 shares[11] - The company distributed a cash dividend of RMB 1 per 10 shares, totaling RMB 10,400,000, with remaining undistributed profits of RMB 64,233,677.43 for future operational needs[26] Strategic Acquisitions and Investments - The company plans to continue expanding its market presence through strategic acquisitions and new product developments[17] - The company plans to acquire 45% equity in Lishin Technology to enhance its product line in the semiconductor packaging materials sector[20] - The company completed the acquisition of 60% equity in Longxing Kundi, significantly impacting minority shareholder profit, which showed a change from a loss of CNY 60,045.66 to a profit of CNY 1.81 million[18] - The company completed the acquisition of 100% equity in Hecheng Display, with the transfer of ownership registered on September 12, 2017[23] Cash Flow and Financing Activities - Cash received from investment activities decreased by 45.45% to CNY 294.87 million, mainly due to the redemption of idle funds and the acquisition of Hecheng Display[19] - The net cash flow from financing activities was CNY 572,288,666.98, a significant increase from CNY 33,674,329.16 in the prior period, reflecting enhanced financing capabilities[56] - The company raised CNY 457.45 million through the issuance of shares and cash payments for asset purchases, marking a significant increase of 128,327.37%[19] Corporate Governance and Compliance - The company reported a strict adherence to its profit distribution policy, ensuring clear standards and procedures for cash dividends[25] - The company has been actively involved in major asset restructuring, with multiple board meetings and shareholder approvals documented throughout 2016 and 2017[21][23] - The company has committed to ensuring that all promises made by its actual controllers and shareholders were fulfilled within the reporting period[24] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[29] - There were no violations regarding external guarantees during the reporting period[28]

Financial Performance - Total revenue for the first half of 2017 was CNY 249,003,639.42, representing a 27.65% increase compared to CNY 195,065,263.16 in the same period last year[17]. - Net profit attributable to shareholders decreased by 33.11% to CNY 24,239,561.52 from CNY 36,237,284.68 year-on-year[17]. - Net profit after deducting non-recurring gains and losses was CNY 23,515,862.48, down 9.70% from CNY 26,042,372.70 in the previous year[17]. - Basic earnings per share dropped by 80.00% to CNY 0.07 from CNY 0.35 year-on-year[17]. - The company's revenue for the reporting period was 249.00 million yuan, an increase of 27.65% compared to the same period last year[38]. - The net profit attributable to the parent company was 24.24 million yuan, a decrease of 33.11% year-on-year[38]. - The net cash flow from operating activities surged by 135.02% to ¥46,046,999.90, driven by increased revenue[47]. - The company reported a total comprehensive income of 25,251,610.61 CNY for the current period[187]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,282,716,859.22, a 12.17% increase from CNY 1,143,506,981.29 at the end of the previous year[17]. - The company's current assets decreased to CNY 494,979,425.36 from CNY 516,424,554.32 at the beginning of the year, reflecting a decline of approximately 4.3%[165]. - Total liabilities increased to CNY 456,799,837.68 from CNY 362,338,466.99, marking an increase of about 26.1%[166]. - The total equity attributable to the parent company was CNY 794,880,576.26, an increase from CNY 781,107,556.17 at the beginning of the year[170]. - The total equity at the end of the current period is 364,000,000.00 CNY, an increase from the previous period's total equity of 485,088,747.09 CNY[197]. Investments and Acquisitions - The company completed the acquisition of a 60% stake in Changxing Kundi, enhancing its product line in semiconductor materials[25]. - The company reported a total investment income of $1,000,000 from the transfer of equity in Anhui Xinrongjiu Agricultural Technology Co., Ltd.[21]. - The company has invested CNY 2,144,952.92 in the electronic-grade ultra-pure alumina project, with a cumulative actual investment of CNY 87,715,749.16, achieving 87.72% of the planned progress[59]. - The company completed the acquisition of 100% equity in Dairui Technology for RMB 100 million, with an assessed value of RMB 94.14 million[133]. - The company has ongoing contracts for the construction of a research and trial base valued at RMB 21.75 million[127]. Research and Development - R&D expenses amounted to 23.30 million yuan, accounting for 9.36% of total revenue[41]. - The company holds 24 invention patents and 9 utility model patents, indicating a strong focus on R&D in new materials[29]. - The company plans to continue increasing R&D investment to improve product performance and reduce costs[26]. - The company aims to expand into new materials and applications, including UV-curable plastics and photoresists, to seek new profit growth points[86]. Risk Management and Governance - The company has outlined potential risks and corresponding mitigation strategies in the report[4]. - The company is committed to optimizing its governance structure and enhancing management levels to support its growth strategy[43]. - The company plans to enhance its internal control system and risk management to improve governance and reduce management risks[88]. Market Strategy - The company aims to enhance its competitive edge by exploring capital market operations and pursuing both organic and external growth strategies[44]. - The company is actively pursuing new product development and market expansion strategies to maintain its competitive edge in the new materials industry[39]. - The company emphasizes the importance of self-developed oligomer resin synthesis technology, which enhances product functionality and customization[30]. Shareholder Information - The total number of shares increased from 104,000,000 to 364,000,000 due to a capital reserve conversion plan, resulting in a 250% increase in total shares[139]. - Major shareholders include Fly Kai Holdings with 53.80% ownership and Shanghai Kangqi Investment with 3.74% ownership[144]. - The company plans to lift restrictions on shares held by certain shareholders on October 9, 2017[142]. Cash Management - The company plans to use up to RMB 90 million of temporarily idle raised funds for cash management to improve fund utilization efficiency[133]. - The cash management plan is valid for one year from the date of board approval, with future plans depending on the company's operational situation[75].

Financial Performance - Total revenue for Q1 2017 was CNY 110,181,805.43, an increase of 9.30% compared to CNY 100,811,011.43 in the same period last year[8]. - Net profit attributable to shareholders decreased by 14.19% to CNY 14,734,846.64 from CNY 17,172,319.79 year-on-year[8]. - Basic earnings per share dropped by 76.47% to CNY 0.04 from CNY 0.17 in the previous year[8]. - Net cash flow from operating activities decreased by 26.65% to CNY 10,624,054.14 compared to CNY 14,484,337.07 in the same period last year[8]. - The company achieved operating revenue of 110.18 million, a year-on-year increase of 9.30%[30]. - Net profit attributable to the parent company was 14.73 million, a decrease of 14.19% compared to the same period last year[30]. - The total comprehensive income for Q1 2017 was CNY 14,967,673.95, down from CNY 17,174,741.59 in Q1 2016[59]. Assets and Liabilities - Total assets increased by 7.73% to CNY 1,231,906,810.71 from CNY 1,143,506,981.29 at the end of the previous year[8]. - The company's total assets decreased to CNY 806,081,650.73 from CNY 862,767,277.35, a decline of 6.6%[55]. - Total liabilities increased to CNY 416,745,452.59 from CNY 362,338,466.99, with short-term borrowings rising to CNY 284,253,532.08[51]. - Total liabilities decreased to CNY 329,642,597.11 from CNY 377,678,530.26, a reduction of 12.7%[55]. - The company's equity attributable to shareholders increased to CNY 785,475,583.23 from CNY 781,107,556.17, reflecting retained earnings growth[52]. Investments and Acquisitions - The company acquired 60% of Changxing Electronic Materials (Kunshan) Co., Ltd. during the reporting period[15]. - The company plans to acquire 100% equity of Dairui Technology, with the proposal submitted for review[31]. - The acquisition of Dairui Technology has been submitted for review to the Taiwan Ministry of Economic Affairs[37]. - The company intends to acquire 60% equity of Changxing Kundi from Changxing China to expand its semiconductor materials market[37]. - The company has completed the acquisition of 60% equity in Changxing Electronic Materials (Kunshan) using part of the raised funds[40]. Cash Flow - Cash inflow from operating activities was CNY 131,109,103.59, an increase of 15.5% compared to CNY 113,463,319.18 in the previous period[65]. - Net cash outflow from operating activities was CNY 10,624,054.14, down 26.5% from CNY 14,484,337.07 in the previous period[65]. - Cash inflow from investment activities totaled CNY 86,325,926.93, a decrease of 4.3% from CNY 90,253,424.66 in the previous period[66]. - Cash paid for purchasing goods and services increased by 46.98% to 92.00 million, driven by inventory buildup during the Spring Festival[29]. - The ending cash and cash equivalents balance was CNY 121,478,197.27, down from CNY 165,226,904.80 in the previous period[66]. Market Strategy and Risks - The company aims to increase market share in semiconductor materials and other new products to strengthen its competitive position[13]. - The company is focusing on technological innovation and product performance improvement to meet market demands[14]. - There is uncertainty regarding whether new products will meet user demand post-launch, which may hinder business expansion and capacity release, posing a risk to short-term profitability from fundraising projects[18]. - The company actively seeks opportunities for mergers and acquisitions to enhance strategic deployment, but faces risks related to unsuccessful integration and market changes that could impact operational performance[19]. - The company plans to enhance its internal control system and management capabilities to mitigate management risks associated with rapid expansion[16]. Shareholder Information - The largest shareholder, Feikai Holdings Limited, holds 53.80% of shares, amounting to 195,822,900 shares, with 31,075,000 shares pledged[22]. - The top ten shareholders collectively hold significant stakes, with the second-largest shareholder, Shanghai Kangqi Investment Co., Ltd., owning 3.74% or 13,595,400 shares[22]. - The company has seen an increase in restricted shares, with a total of 206,742,900 shares at the end of the reporting period, up from 59,069,400 shares at the beginning[25]. - The report indicates that there were no repurchase transactions conducted by the top ten shareholders during the reporting period[23]. Project Management and Development - The company's fixed asset investment is rapidly increasing due to the construction and trial production of the "3500t/a UV curing photoresist project" and other self-funded projects, leading to a risk of increased depreciation and labor costs if capacity is not effectively utilized[17]. - The "3,500t/a UV curing photoresist project" is experiencing slower construction progress than expected, and has not yet achieved the anticipated benefits[40]. - The company plans to enhance project management across technical, market, and management aspects to ensure the successful implementation of fundraising projects and improve product structure[18]. - The company has strengthened project management and cost control, resulting in reduced total project expenses and savings on raised funds[42]. Compliance and Governance - The company has a complete decision-making process for profit distribution, ensuring the protection of minority shareholders' rights[44]. - No overdue commitments were reported by the actual controller, shareholders, or related parties during the reporting period[38]. - The company has not reported any issues regarding the improper use of raised funds or failure to disclose relevant information accurately[42]. - The company is actively preparing responses to inquiries from the Shenzhen Stock Exchange regarding its asset restructuring[35].

Financial Performance - The company's operating revenue for 2016 was CNY 391,040,152.46, a decrease of 9.50% compared to CNY 432,072,748.91 in 2015[26]. - The net profit attributable to shareholders for 2016 was CNY 67,786,825.12, down 35.57% from CNY 105,213,360.14 in 2015[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 48,737,368.51, a decline of 48.16% compared to CNY 94,019,510.68 in 2015[26]. - The net cash flow from operating activities was CNY 58,641,482.66, which is a decrease of 33.89% from CNY 88,707,116.35 in 2015[26]. - The basic earnings per share for 2016 was CNY 0.65, down 35.64% from CNY 1.01 in 2015[26]. - The total operating revenue for 2016 was ¥391,040,152.46, a decrease of 9.50% compared to ¥432,072,748.91 in 2015[58]. - The revenue from UV curing fiber coating materials was ¥315,060,055.54, accounting for 80.57% of total revenue, down 13.27% from the previous year[58]. - Domestic revenue was ¥342,925,338.52, representing 87.70% of total revenue, which decreased by 9.65% year-on-year[58]. - The gross profit margin for the manufacturing sector was 44.65%, down 4.01% from the previous year[59]. Investments and Acquisitions - The company has established a new subsidiary, Tianjin Feikai Technology Development Co., Ltd., and is in the process of acquiring shares in Dairui Technology Co., Ltd., indicating ongoing expansion efforts[10]. - The company has acquired 100% of the shares of Dazhi Technology and 60% of the shares of Changxing Kundi, indicating a strategic move to optimize its industrial layout[36]. - The company is actively pursuing external growth strategies, including the acquisition of Dairui Technology and participation in a private placement by 8Y Space[55]. - The company plans to acquire 60% of the shares of Changxing Electronic Materials (Kunshan) to enhance its semiconductor materials business[180]. - Shanghai Feikai achieved a transaction price of 10,000.00 million CNY for the acquisition of 100% equity in Dairui Technology[172]. - The company reported a contract value of 6,000.00 million CNY for the acquisition of 60% equity in Changxing Kundi[172]. Research and Development - The company holds 9 invention patents in UV curing materials and has several patents in the review process, showcasing its R&D capabilities[40]. - The company aims to leverage its proprietary oligomer resin synthesis technology to meet diverse customer needs in the UV curing materials market[41]. - R&D expenses amounted to 37.91 million yuan, representing 9.69% of the operating revenue[52]. - The number of R&D personnel increased to 121 in 2016, accounting for 27.01% of the total workforce[72]. - Ongoing R&D projects include UV curing plastic coatings and fingerprint recognition coatings, both in mass production, aimed at enriching the product line and enhancing market competitiveness[71][72]. - The company aims to strengthen its core competitiveness through continuous innovation and market-oriented R&D efforts[70]. Market Expansion and Strategy - The company has begun to penetrate new application areas for UV curing materials, including UV curing plastics and UV curing photoresists, which are critical for various industries such as electronics and automotive[9]. - The company plans to deepen its market presence and expand into new materials, particularly in the semiconductor materials sector, to create new profit growth points[35]. - The company is actively pursuing new product development and market expansion in the electronic chemicals and new materials sectors[51]. - The company aims to expand its product offerings and market presence by utilizing resources from partnerships and projects in 2017[112]. - The company plans to enhance its marketing efforts and expand market share in the semiconductor packaging and display industries in 2017[112]. Financial Management and Shareholder Commitments - The company plans to distribute cash dividends of 1.00 RMB per 10 shares (before tax) to all shareholders, with no bonus shares issued, and a capital reserve increase of 25 shares for every 10 shares held[13]. - The company reported a net profit of RMB 35,818,447.01 for 2016, with a cumulative distributable profit of RMB 74,633,677.43[123]. - The company has committed to ensuring that the use of raised funds does not affect the investment plan and construction progress[169]. - The company has a structured approach to managing shareholder commitments to enhance investor confidence[128]. - The company has committed to returning any profits from violations of share reduction commitments to the company[130]. Environmental and Social Responsibility - The environmental safety goals for 2016 included zero major injuries, zero occupational disease cases, and zero major environmental pollution incidents, all of which were met[174]. - The company donated 100,000 CNY to flood relief efforts in June 2016, supporting affected communities in Anqing[175]. - Shanghai Feikai's commitment to environmental protection includes low pollution and low consumption practices, aligning with national policies[173]. - The company has engaged in social responsibility initiatives, including donations of RMB 200,000 for poverty alleviation efforts[176]. Corporate Governance - The company maintains a stable governance structure with no reported changes in senior management during the reporting period[196]. - The company has a diverse board with members holding various professional backgrounds, including finance, engineering, and management[199]. - The company has no significant litigation or arbitration matters during the reporting period[147]. - The company has no major penalties or rectification situations during the reporting period[148]. Operational Efficiency - The company has implemented strict project management and cost control measures, leading to reduced overall project expenses and savings in funding[95]. - The company aims to optimize its organizational structure and strengthen internal controls to improve operational efficiency[116]. - The company has established a supplier evaluation and global selection system to ensure the quality and timely procurement of raw materials[44].

Financial Performance - Total operating revenue for the reporting period was ¥96,333,827.99, a decrease of 17.80% year-on-year[7]. - Net profit attributable to shareholders was ¥17,252,597.05, down 45.18% compared to the same period last year[7]. - Basic earnings per share decreased by 43.33% to ¥0.17[7]. - The company achieved operating revenue of 291.40 million yuan, a decrease of 13.29% compared to the same period last year[27]. - The net profit attributable to the parent company was 53.49 million yuan, down 35.72% year-on-year[27]. - The sales revenue of the core product, UV curing fiber optic cable coating materials, declined due to intense market competition, leading to a slight decrease in gross profit margin[27]. - The company reported a decrease in inventory from RMB 50.70 million to RMB 46.01 million during the reporting period[58]. - The company's accounts receivable increased from RMB 126.93 million to RMB 144.78 million[58]. - The total operating revenue for Q3 2016 was CNY 96,333,827.99, a decrease of 17.8% compared to CNY 117,195,003.77 in the same period last year[66]. - The net profit for Q3 2016 was CNY 17,192,551.39, down 45.3% from CNY 31,468,790.64 in Q3 2015[67]. - The gross profit margin for the period was approximately 10.5%, compared to 11.5% in the previous year[66]. - The comprehensive income for the period was CNY 16,789,375.32, a decrease from CNY 31,598,925.07 in the previous year[68]. Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥34,189,379.04, a decrease of 39.04% year-to-date[7]. - Cash and cash equivalents decreased by 49.13% to 117.27 million yuan from 230.51 million yuan[24]. - The total amount of raised funds is CNY 31,402.49 million, with CNY 3,736.67 million invested in the current quarter[42]. - The company has completed 100% of the investment for the 3,500t/a UV curing photoresist project, totaling CNY 7,744 million[42]. - The total cash inflow from investment activities was 540,601,185.96 CNY, significantly higher than 178,237.40 CNY in the previous period[81]. - The total cash and cash equivalents at the end of the period were 112,587,044.50 CNY, down from 216,270,187.71 CNY in the previous period[82]. - The company reported a total cash outflow from operating activities of 326,043,368.18 CNY, slightly lower than 331,815,446.00 CNY in the previous period[81]. Investments and Projects - The company plans to enhance market and R&D investments to maintain product competitiveness and stabilize gross margins amid increasing market competition[10]. - The company is expanding into new materials and applications, including UV-curable plastics and electronic-grade ultra-pure alumina, to seek new profit growth points[12]. - The "3500t/a UV curing photoresist project" has commenced production, while the "electronic-grade ultra-pure alumina project" is still in trial production, leading to uncertainties in meeting user demand and potential market expansion risks[16]. - The company is committed to enhancing project management across technical, market, and management aspects to ensure the successful implementation of investment projects[16]. - The company has delayed the commencement of two projects due to a high number of ongoing construction projects[42]. - The cumulative actual investment in the electronic-grade ultra-pure aluminum oxide project reached RMB 8,672.70 million, representing 86.73% of the planned investment[48]. Shareholder and Compliance Information - The total number of ordinary shareholders at the end of the reporting period is 5,502, with the largest shareholder, Feikai Holdings Limited, holding 53.80% of shares[20]. - The company reported a commitment to not transfer shares within 36 months from the date of the initial public offering[32]. - Shareholders are restricted to a maximum of 25% reduction in their holdings within two years after the lock-up period expires[32]. - The company has adhered to all commitments without any violations during the reporting period[32]. - The company will retain any profits from share reductions if commitments are violated[32]. - The company has maintained compliance with legal and regulatory requirements regarding share reductions[32]. - The company reported a commitment to maintain control over its shares, with a maximum reduction of 12% during the lock-up period[33]. Risk Management - The company faces risks related to rapid expansion, including management challenges and increased fixed asset investments, which could lead to rising costs and profit declines if not managed effectively[15]. - The company is actively managing the risks associated with the expiration of the high-tech enterprise certification for its subsidiary, which could impact operating performance if not renewed[18]. - The company is facing significant risks and challenges, which are detailed in the "Major Risk Warning" section of its basic information[29]. Employee Engagement and Development - The company has implemented an employee stock ownership plan to enhance employee motivation and align interests with the company's long-term development[9]. - The company is conducting safety training and other employee training programs to boost corporate vitality and cohesion[28]. - The company has improved its performance evaluation and incentive mechanisms during the reporting period[28]. - The company is strengthening its R&D efforts to improve product performance and develop new products[28].