证券代码：300429 证券简称：强力新材 常州强力电子新材料股份有限公司投资者关系活动记录表 编号： 2018-001 | --- | --- | --- | |-------------------------|-----------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类 \n别 | ■ \n□ | 特定对象调研 □分析师会议 ■现场参观 \n媒体采访□业绩说明会 □新闻发布会 | | 参与单位名称及人 员姓名 | | 上海综艺 陈磊 中银基金 吴印 兴业证券 王云骢 国盛证券 吴成鼎 华夏基金 杨晋 浙商基金 高兵 兴银基金 蔡国亮 红塔证券 杜炎 华夏保险/华夏久盈 ...

证券代码：300429 证券简称：强力新材 编号： 2018-001 常州强力电子新材料股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|---------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活动类 别 | ■ □ □ 路演活动 □其他 | 特定对象调研 □分析师会议 ■现场参观 媒体采访□业绩说明会 □新闻发布会 | | 参与单位名称及人 员姓名 | | 上海综艺 陈磊 中银基金 吴印 兴业证券 王云骢 国盛证券 吴成鼎 华夏基金 杨晋 浙商基金 高兵 兴银基金 蔡国亮 红塔证券 杜炎 华夏保险/华夏久盈 张健 中 ...

Group 1: Company Financials and Performance - The company is currently in the construction phase of its convertible bond fundraising project, with no plans to adjust the conversion price in the near future [2] - The company’s stock has seen a significant decline, with a drop of approximately 50% since December 4, 2020, influenced by multiple factors including macroeconomic conditions and market sentiment [3] - The company maintains stable order demand from both domestic and international clients, indicating a normal operational status [4] Group 2: Investor Relations and Communication - The annual online performance briefing was conducted as a text-based communication without video streaming [2] - The company assures that shareholder reductions in stock holdings are due to personal financial needs and do not indicate any risk of delisting [3] - The company emphasizes its commitment to transparency and compliance with legal disclosure requirements [3] Group 3: Future Plans and Projects - The company is actively working on a project to produce 3,070 tons of next-generation flat panel display and integrated circuit materials, with plans to expedite production capacity [3] - The company is collaborating with professional investment institutions to establish an industrial fund, leveraging their financing and investment management advantages [2] - The company aims to enhance marketing, production, and sales capabilities, as well as technical research and development, to achieve good performance and reward investors [4]

证券代码：300429 证券简称：强力新材 债券代码：123076 债券简称：强力转债 常州强力电子新材料股份有限公司投资者关系活动记录表 编号： 2022-001 | --- | --- | --- | --- | --- | --- | |----------------------------|-------------------------------------------------------------------------------------|------------------------------------------------------|---------------------------------------|-------|--------| | 投资者关系活动 \n类别 \n | □特定对象调研 □分析师会议 □现场参观 \n□媒体采访 ■业绩说明会 □新闻发布会 \n□路演活动 | □其他 | | | | | 参与单位名称及 人员姓名 | 参加强力新材 2021 | 年度网上业绩说明会的投资者 | | | | | 时间 2022 | 年 05 月 13 | ...

Financial Performance - The company's revenue for Q3 2022 was ¥161,919,494.97, a decrease of 30.52% compared to the same period last year[6] - The net profit attributable to shareholders was -¥16,722,387.87, representing a decline of 162.23% year-on-year[6] - The net profit after deducting non-recurring gains and losses was -¥19,755,348.18, down 183.09% from the previous year[6] - The company reported a basic earnings per share of -¥0.0325, a decrease of 162.26% compared to the same period last year[6] - The weighted average return on net assets was -0.82%, down 2.17% year-on-year[6] - The net profit for Q3 2022 was CNY 29,382,995.71, a decrease of 68.4% compared to CNY 93,180,663.80 in Q3 2021[19] - The total comprehensive income of CNY 33,800,868.32, down from CNY 91,993,510.46 in the previous year[20] - Basic earnings per share decreased to CNY 0.0665 from CNY 0.1831 in Q3 2021, reflecting a decline of 63.6%[20] - The total profit before tax was CNY 45,312,691.63, down from CNY 112,628,575.17 in Q3 2021, indicating a decline of 59.9%[19] Cash Flow and Liquidity - Operating cash flow net amount for the year-to-date was ¥120,653,761.71, an increase of 148.63%[6] - The company reported a decrease in cash and cash equivalents, with cash balances at ¥697,401,077.57 compared to ¥478,672,115.77 at the beginning of the year[15] - The cash flow from operating activities netted CNY 120,653,761.71, significantly up from CNY 48,527,658.55 in Q3 2021[20] - The cash and cash equivalents at the end of the period were CNY 230,424,059.41, down from CNY 432,583,095.09 at the end of Q3 2021[21] - The net cash flow from financing activities was CNY 154,570,044.33, a recovery from a negative cash flow of CNY -4,593,419.54 in Q3 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,702,633,426.39, up 5.31% from the end of the previous year[6] - The total current assets decreased to ¥1,626,351,735.36 from ¥1,751,334,885.34, primarily due to a reduction in cash and cash equivalents[15] - The total non-current assets increased to ¥2,076,281,691.03 from ¥1,764,679,274.45, driven by an increase in fixed assets from ¥723,044,532.07 to ¥914,671,197.56[15] - The total liabilities increased to ¥1,610,228,855.69 from ¥1,434,775,578.76, with a notable rise in long-term borrowings[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,793[12] - The top shareholder, Qian Xiaochun, holds 20.38% of the shares, amounting to 105,001,175 shares[12] Operational Highlights - Trade receivables decreased by 45.91% to ¥104,433,094.95, indicating improved customer payment conditions[9] - Short-term borrowings rose by 39.92% to ¥343,824,101.64, primarily to increase cash reserves in response to economic uncertainties[9] - The company is focusing on market expansion and new product development, as indicated by the increase in fixed and intangible assets[16] - R&D expenses for the period were ¥64,510,610.08, up from ¥53,849,878.78, indicating a focus on innovation[17] Other Income and Expenses - The company's financial expenses increased by 170.53% to CNY 10,415,657.95 due to a rise in borrowing scale[10] - Long-term loans surged by 898.41% to CNY 96,148,348.88 primarily due to new acquisition loans during the reporting period[10] - Other income rose by 64.38% to CNY 6,583,009.21, attributed to increased government subsidies recognized as income compared to the previous period[10] - The company reported a significant decrease in investment losses, improving by 58.38% to CNY -879,981.73, as a result of the merger of a former associate company into the consolidated financial statements[10] - The fair value change income increased by 113.79% to CNY 6,630,691.21, driven by an increase in wealth management products purchased with self-owned funds[10] - The net loss attributable to minority shareholders increased by 318.63% to CNY -4,857,349.26, primarily due to losses from a subsidiary[10] - The company's accounts receivable balance decreased, leading to a 239.18% increase in credit impairment losses to CNY 1,843,044.86, as bad debt provisions were reversed according to accounting policies[10] - The company reported a 229.38% increase in non-operating income to CNY 868,486.86, mainly from insurance claims received and the transfer of payables that no longer needed to be paid[10]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[18]. - The company's revenue for the reporting period was ¥547,704,641.44, representing a 10.51% increase compared to ¥495,606,410.80 in the same period last year[24]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2022, representing a year-on-year growth of 25%[120]. - The company reported a half-year revenue of 1.093 billion CNY, reflecting a year-on-year increase of 7.03%[105]. - The company achieved a total of CNY 20,569,240 in actual guarantees during the reporting period[149]. - The company’s total share capital increased from 515,260,736 shares to 515,260,996 shares due to the conversion of convertible bonds, with a reduction of CNY 5,000 and 50 shares[158]. Profitability - The gross profit margin for the first half of 2022 was 30%, compared to 28% in the same period last year[18]. - Net profit attributable to shareholders decreased by 24.47% to ¥50,962,732.84 from ¥67,469,831.06 year-on-year[24]. - The net profit after deducting non-recurring gains and losses fell by 31.50% to ¥43,570,347.69 from ¥63,601,907.30 in the previous year[24]. - The company's basic earnings per share decreased by 24.45% to ¥0.0989 from ¥0.1309 in the previous year[24]. - The company reported a net profit margin of approximately 10.7% for the first half of 2022, compared to 10.2% in the same period of 2021[194]. Research and Development - The company plans to invest RMB 100 million in R&D for new product development in the next fiscal year[18]. - The company's R&D investment increased by 28.42% to ¥44,026,516.03 from ¥34,283,331.13 in the previous year, reflecting a strong commitment to innovation[55]. - The company emphasizes a strong focus on R&D, with a structured approach to project feasibility analysis and budget planning before initiating new projects[35]. - The company is investing in R&D for new technologies to enhance production efficiency and product quality[105]. Market Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 25% market share by 2025[18]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the chemical sector[105]. - The company is focusing on expanding its product offerings in electronic chemicals, particularly in the PCB and LCD sectors, to meet increasing market demand[86]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[100]. - The wastewater discharge (COD) concentration was recorded at 86 mg/l, which is compliant with the standard[100]. - The company has implemented measures to ensure that all emissions are treated and compliant with environmental standards[100]. - The company is focused on maintaining compliance with environmental standards to support sustainable operations[101]. - The company has established protocols for regular testing and reporting of wastewater and gas emissions[101]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market presence[18]. - A strategic acquisition of a smaller competitor is in progress, which is anticipated to enhance the company's production capacity by 30%[121]. - The company has filed a total of 443 patents with the National Intellectual Property Administration, including 25 in Japan, 26 in South Korea, and 16 in the United States, demonstrating a strong commitment to innovation[49]. Shareholder Returns - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company is committed to enhancing shareholder returns, with a proposed cash dividend of 0.5 CNY per share for the current fiscal year[125]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[96]. Risk Management - The company faces risks related to supply chain disruptions and has implemented measures to mitigate these risks[4]. - The company faces risks from intensified competition in the electronic chemicals industry, which may impact profitability if it fails to innovate and improve operational efficiency[86]. - There is a high technological barrier in the industry, necessitating increased R&D investment to keep pace with market demands and technological advancements[87]. Financial Position - Total assets at the end of the reporting period were ¥3,716,232,885.78, a 5.69% increase from ¥3,516,014,159.79 at the end of the previous year[24]. - The company's cash and cash equivalents net amount improved by 54.41%, reaching -¥108,363,140.11, due to increased cash inflows from borrowing[55]. - The company's current ratio decreased by 10.95% to 2.44 compared to the previous year[182]. - The debt-to-asset ratio increased by 2.47% to 43.28% from the end of the previous year[182]. Employee and Safety Management - The company has established a comprehensive safety management system, including an EHS office and dedicated safety personnel in subsidiaries[114]. - The company has conducted multiple safety education and training programs, ensuring that specialized personnel receive government-approved training[115]. - The company focuses on employee training in environmental protection to enhance awareness and compliance among staff[113].

Financial Performance - The company's revenue for Q1 2022 was CNY 272,550,474.78, representing an increase of 18.83% compared to CNY 229,370,686.82 in the same period last year[4] - Net profit attributable to shareholders decreased by 21.57% to CNY 24,987,706.13 from CNY 31,861,625.58 year-on-year[4] - Net profit for Q1 2022 was CNY 23,788,006.55, a decrease of 24.7% from CNY 31,507,514.14 in Q1 2021[20] - The net profit attributable to the parent company was CNY 24,987,706.13, down 21.7% from CNY 31,861,625.58 in the previous year[21] - Basic earnings per share for Q1 2022 were CNY 0.0485, compared to CNY 0.0618 in Q1 2021[21] - The company reported a total comprehensive income of CNY 22,525,775.60 for Q1 2022, down from CNY 31,132,559.58 in the same period last year[21] Cash Flow - The net cash flow from operating activities fell by 70.82% to CNY 5,560,469.99, down from CNY 19,056,692.25 in the previous year[4] - The cash inflow from operating activities was CNY 258,761,043.54, an increase of 23.1% compared to CNY 210,222,783.15 in the previous period[23] - The net cash flow from operating activities decreased to CNY 5,560,469.99, down 70.8% from CNY 19,056,692.25 in the previous period[23] - The cash inflow from investment activities totaled CNY 916,273,980.55, up 20.1% from CNY 763,138,860.61 in the previous period[24] - The net cash flow from investment activities was negative at CNY -244,086,852.59, compared to a positive CNY 61,988,491.66 in the previous period[24] - The cash inflow from financing activities was CNY 118,242,654.70, significantly higher than CNY 10,532,500.00 in the previous period[24] - The net cash flow from financing activities improved to CNY 54,609,250.32, compared to a negative CNY -40,215,919.76 in the previous period[24] Assets and Liabilities - Total assets increased by 1.32% to CNY 3,562,567,546.32 from CNY 3,516,014,159.79 at the end of the previous year[4] - The total current assets decreased to RMB 1,656,836,260.21 from RMB 1,751,334,885.34, indicating a decline of approximately 5.4%[16] - The total non-current assets increased to RMB 1,905,731,286.11 from RMB 1,764,679,274.45, marking a growth of approximately 7.97%[17] - Total liabilities as of the end of Q1 2022 were CNY 1,458,897,595.49, slightly up from CNY 1,434,775,578.76 at the end of Q1 2021[20] - The total liabilities decreased to RMB 1,682,835,000.00 from RMB 1,688,000,000.00, indicating a slight decline of approximately 0.3%[17] - Short-term borrowings increased to RMB 268,733,987.50 from RMB 245,732,600.82, reflecting an increase of about 9.3%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,516[10] - The top shareholder, Qian Xiaochun, holds 20.38% of the shares, totaling 105,001,175 shares[10] - The company reported a total of 149,112,619 shares under lock-up agreements, with 9,566,925 shares released during the period, resulting in a remaining locked-up share count of 139,545,694[14] Research and Development - Research and development expenses rose by 40.32% to CNY 20,653,035.50 compared to CNY 14,718,479.39 in the previous year[7] - Research and development expenses for Q1 2022 were CNY 20,653,035.50, an increase of 40.5% from CNY 14,718,479.39 in Q1 2021[20] Inventory and Equity - The company's inventory rose to RMB 368,935,737.00 from RMB 363,035,233.99, showing a slight increase of about 1.0%[16] - The total equity of the company as of March 31, 2022, was RMB 1,879,732,546.32, up from RMB 1,828,014,159.79 at the beginning of the year, reflecting an increase of approximately 2.84%[15] - Total equity increased to CNY 2,103,669,950.83 in Q1 2022 from CNY 2,081,238,581.03 in Q1 2021[20]

Financial Performance - The company's operating revenue for 2021 was CNY 1,038,704,786.72, representing a 33.77% increase compared to CNY 776,472,530.78 in 2020[26]. - The net profit attributable to shareholders for 2021 was CNY 114,848,305.80, up 23.66% from CNY 92,871,489.25 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 100,013,266.09, reflecting a 31.82% increase from CNY 75,869,971.67 in 2020[26]. - The total assets at the end of 2021 were CNY 3,516,014,159.79, a 16.53% increase from CNY 3,017,339,359.14 at the end of 2020[26]. - The net assets attributable to shareholders increased by 4.88% to CNY 2,027,434,224.09 from CNY 1,933,060,852.83 in 2020[26]. - The basic earnings per share for 2021 were CNY 0.2229, up 23.70% from CNY 0.1802 in 2020[26]. - The diluted earnings per share increased by 31.14% to CNY 0.2367 from CNY 0.1805 in the previous year[26]. - The weighted average return on equity for 2021 was 5.80%, compared to 5.46% in 2020[26]. - The total revenue for the year 2021 was 174.748 million, with a net profit of 10.346 million, representing a year-on-year increase of 164.402 million[144]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[153]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 50.12% to CNY 104,632,785.86 from CNY 209,769,097.73 in 2020[26]. - The company reported a significant decrease in cash flow from operating activities in the third quarter, with a negative cash flow of CNY -8,383,182.94[29]. - The company distributed a cash dividend of RMB 0.4 per 10 shares, totaling RMB 20,610,135.52 for the 2020 fiscal year[178]. - For the 2021 fiscal year, the company plans to distribute a cash dividend of RMB 0.45 per 10 shares, totaling RMB 23,186,733.12, based on a total share capital of 515,260,736 shares[183]. - The total cash dividend for 2021 represents 100% of the distributable profit, which amounts to RMB 172,389,779.42[180]. Research and Development - The company emphasizes the need for increased R&D investment to keep pace with technological advancements in downstream industries like PCB and LCD manufacturing[7]. - The company must navigate uncertainties in R&D outcomes, which could affect its competitive advantage and financial performance[7]. - The company's R&D expenses rose to ¥90,581,673.70, marking a 41.52% increase due to higher personnel costs and increased direct investment[77]. - Research and development (R&D) investment reached CNY 90,581,673.70 in 2021, accounting for 8.72% of operating revenue, up from 8.24% in 2020[98]. - The number of R&D personnel increased by 15.54% to 223 in 2021, with a notable rise in younger employees under 30 years old by 50%[98]. - The company has established a strong R&D team, focusing on continuous innovation and product development to meet industry trends[76]. - The company emphasizes R&D, with a focus on market demand analysis and feasibility studies before project initiation, ensuring a high conversion rate of R&D outcomes[61]. Market and Industry Trends - The electronic chemical industry is experiencing increased competition due to expanded capacity from existing market participants and new entrants, which may impact profitability if the company fails to innovate and manage costs effectively[5]. - The electronic chemical industry is supported by national policies, presenting growth opportunities amid rising market demand[5]. - The company focuses on the development of electronic chemicals for photoresists, which are critical materials in micro-manufacturing processes[37]. - The company is positioned in the fine chemical industry, specifically in the niche of photoresist specialty electronic chemicals, which are essential for PCB and semiconductor manufacturing[37]. - The company has seen a continuous increase in demand for photoresist materials due to rapid advancements in technology and the electronic information industry[41]. - The demand for PCB is expected to continue growing due to the increasing prevalence of electronic products and new growth drivers such as 5G and cloud computing[123]. - The company aims to strengthen its market position in the high-density and multi-layer PCB segments, which will drive the continuous growth of photoresist usage[123]. Environmental Compliance - Environmental regulations are tightening, and failure to meet new standards could result in penalties that adversely affect production and profitability[8]. - The company reported a total wastewater discharge of 4.306 mg/l for chemical oxygen demand (CODcr), exceeding the standard limit of 137.4 mg/l[194]. - The non-methane total hydrocarbon emissions were recorded at 4.38 mg/m3, which is compliant with the environmental standards[195]. - The company achieved a reduction in ammonia nitrogen discharge to 0.131 mg/l, well below the regulatory threshold[194]. - The company has implemented new wastewater treatment processes that resulted in a reduction of suspended solids to 37 mg/l[197]. - The company is focusing on expanding its market presence through new product development and technological advancements[196]. - The company aims to enhance its environmental compliance by improving waste management strategies and reducing emissions[197]. Acquisitions and Subsidiaries - The company acquired 65.51% of Changsha Xinyu Polymer Technology Co., Ltd. for approximately ¥155.39 million, making it a wholly-owned subsidiary[90]. - The acquisition of subsidiaries is expected to positively impact the company's overall production and performance[122]. - The company plans to complete the management system integration for Changsha Xinyu within six months following the acquisition[187]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operations from its controlling shareholder[133]. - The board of directors consists of 7 members, including 4 independent directors, ensuring compliance with legal requirements[134]. - The company has established a comprehensive performance evaluation and incentive mechanism for senior management, linking their performance directly to compensation[135]. - The company ensures strict compliance with legal regulations for information disclosure, providing accurate and timely information to investors through multiple channels[136]. - The company maintains independence from its controlling shareholders in business, personnel, assets, organization, and finance, ensuring autonomous operational capabilities[137]. Employee Management - The total number of employees at the end of the reporting period was 1,198, with 193 in the parent company and 1,005 in major subsidiaries[172]. - The company has set a total of 78,119.9 hours for outsourced labor, with total payments amounting to CNY 1,420,447[177]. - The company aims to maintain a competitive salary level above the industry average to attract and retain top talent[173]. - The company has established an annual performance-based incentive system to reward outstanding employees based on company performance[175]. - The training plan includes safety training for new employees, professional skills training for existing staff, and management training for middle and lower-level managers[176]. Future Outlook - The company plans to expand its market presence and is focusing on new product development and technological advancements to drive future growth[145]. - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year, driven by increased demand for its electronic materials[147]. - Future guidance indicates expected revenue growth of 12-15% for the next fiscal year, driven by increased demand in the electronics sector[195].

Financial Performance - The company's revenue for Q3 2021 was CNY 233,035,623.10, representing an increase of 18.98% year-over-year, and a total revenue of CNY 728,642,033.90 for the year-to-date, up 28.11% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2021 was CNY 26,871,127.17, a decrease of 6.15% year-over-year, while the year-to-date net profit reached CNY 94,340,958.23, an increase of 9.38%[5] - The basic earnings per share for Q3 2021 was CNY 0.0522, down 6.12% year-over-year, while the year-to-date basic earnings per share was CNY 0.1831, up 9.38%[6] - The total operating revenue for the third quarter of 2021 was CNY 728,642,033.90, an increase of 28.14% compared to CNY 568,772,324.26 in the same period last year[23] - The net profit for the third quarter was CNY 93,180,663.80, representing a growth of 10.38% compared to CNY 84,168,030.22 in the previous year[24] - The earnings per share (EPS) for the period was CNY 0.1831, up from CNY 0.1674 in the same quarter last year, indicating a 9.66% increase[25] - The company reported a total comprehensive income of CNY 91,993,510.46 for the quarter, compared to CNY 83,373,731.58 in the same period last year, reflecting a growth of 10.51%[25] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 3,211,554,247.88, reflecting a 6.44% increase from the end of the previous year[6] - The total liabilities as of the end of the reporting period were CNY 1,148,569,343.06, compared to CNY 1,025,595,315.86 at the end of the previous year, marking a rise of 11.97%[22] - The total equity attributable to shareholders of the parent company reached CNY 2,006,044,582.93, an increase of 3.73% from CNY 1,933,060,852.83[22] - The total current assets decreased to ¥1,671,633,409.35 from ¥1,690,373,880.23 year-over-year[20] - The total non-current assets increased to ¥1,539,920,838.53 from ¥1,326,965,478.91 year-over-year[20] - The total liabilities amounted to CNY 233,387,974.22, remaining stable compared to the previous period[32] Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY 48,527,658.55, showing a significant decrease of 71.52% compared to the previous year[5] - The net cash flow from operating activities was CNY 48,527,658.55, a decrease of 71.5% compared to CNY 170,376,008.12 in the previous period[28] - Cash inflow from investment activities totaled CNY 2,209,399,150.98, up 37.1% from CNY 1,611,226,669.64 in the prior period[28] - The net cash flow from investment activities was CNY 10,966,783.18, a significant improvement from a negative CNY 191,431,160.23 in the previous period[28] - The total cash and cash equivalents at the end of the period reached CNY 432,583,095.09, an increase from CNY 100,445,865.21 at the end of the previous period[29] - Cash outflow from operating activities amounted to CNY 643,520,500.89, compared to CNY 408,825,230.30 in the previous period, reflecting a 57.4% increase[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 45,394[13] - The largest shareholder, Qian Xiaochun, holds 20.38% of shares, totaling 105,001,175 shares[13] - The company has a total of 149,112,619 shares locked by executives, with 25% of these shares eligible for release annually[17] - The top ten shareholders hold a significant portion of the company's shares, with the top three alone holding over 34%[14] Operational Costs and Expenses - The company reported a 33.79% increase in operating costs year-to-date, totaling CNY 472,812,068.48, primarily due to the low base effect from the previous year impacted by the pandemic[11] - The total operating costs amounted to CNY 619,166,221.20, reflecting a year-over-year increase of 29.73% from CNY 477,253,888.39[23] - Research and development expenses for the quarter were CNY 53,849,878.78, which is an increase of 23.06% compared to CNY 43,766,284.86 in the previous year[23] Investment Performance - The company’s investment income for the year-to-date was a loss of CNY 2,114,118.04, a decline of 295.76% due to the poor performance of its joint ventures[11] - The company received CNY 2,018,979,298.24 from the recovery of investments, which is an increase of 29.9% from CNY 1,553,502,695.73 in the previous period[28] - The company paid CNY 223,060,281.74 for the purchase of fixed assets, intangible assets, and other long-term assets, up from CNY 135,287,753.22 in the previous period[28] Other Information - The company has not reported any new strategies or product developments in the current quarter[15] - The company has not undergone an audit for the third quarter report[34]

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2021, representing a year-on-year increase of 15%[16]. - The company's operating revenue for the current reporting period is ¥495,606,410.80, representing a 32.90% increase compared to ¥372,912,231.12 in the same period last year[22]. - The net profit attributable to shareholders of the listed company is ¥67,469,831.06, up 17.09% from ¥57,621,335.59 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥63,601,907.30, reflecting a 26.32% increase from ¥50,349,178.33 in the previous year[22]. - The basic earnings per share for the current period is ¥0.1309, an increase of 17.08% from ¥0.1118 in the same period last year[22]. - The diluted earnings per share is ¥0.1369, which is a 22.45% increase compared to ¥0.1118 in the previous year[22]. - The company reported a net profit of RMB 53.94 million for the first half of 2021[76]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2021, representing a 20% year-over-year growth[116]. - The company reported a total profit for the first half of 2021 was ¥79,904,230.41, compared to ¥66,865,728.66 in the same period of 2020, marking a 19% increase[190]. Research and Development - The company plans to invest RMB 50 million in R&D for new electronic materials in the upcoming year[16]. - Research and development investment reached ¥34,283,331.13, marking a 26.77% increase year-on-year, indicating a strong commitment to innovation[49]. - The company has applied for a total of 255 patents with the National Intellectual Property Administration, including 23 in Japan, 24 in South Korea, 13 in Europe, 15 in the United States, and 14 in Taiwan[43]. - The company is committed to enhancing its research and development efforts to keep pace with technological advancements in the PCB and LCD manufacturing sectors[79]. - The company plans to invest 200 million CNY in R&D for new technologies aimed at improving production efficiency and product quality[118]. Market Expansion - User data indicates a 20% increase in customer base, reaching 1,200 active clients by June 30, 2021[16]. - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[16]. - The company is expanding its market presence, targeting an additional 10% market penetration in Southeast Asia by the end of 2021[116]. - A strategic acquisition was announced, with the company acquiring a competitor for 300 million CNY, expected to enhance its product offerings and market reach[117]. Financial Management - The company has no plans to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company is committed to maintaining shareholder value, with plans to distribute a cash dividend of 0.5 CNY per share based on the positive financial performance[117]. - The company is committed to implementing the profit distribution policy and dividend return plan as stipulated in its articles of association[120]. - The company will ensure the implementation of profit distribution according to relevant resolutions[120]. - The company has not experienced any violations of commitments during the reporting period[120]. Environmental Compliance - The company has maintained compliance with environmental standards across various pollutants, indicating effective waste management practices[93][94]. - The company has implemented a rainwater and sewage separation system to manage wastewater effectively[97]. - The company emphasizes compliance with environmental laws and regulations, aiming to improve energy efficiency and reduce pollution throughout the production process[103]. - The company has conducted annual emergency drills to prepare for environmental incidents[100]. - The company received an administrative penalty of RMB 50,000 due to violations of the Soil Pollution Prevention Law, specifically related to the dismantling of production equipment[101]. Risk Management - Risk management strategies have been outlined to address potential supply chain disruptions due to global market conditions[4]. - The company faces risks from intensified industry competition, particularly in the electronic chemicals sector, which is supported by national policies aimed at encouraging growth in this area[78]. - The company is at risk of not achieving expected benefits from its convertible bond fundraising projects due to various external factors[82]. Corporate Governance - The company ensures that all commitments made by its actual controllers and shareholders are fulfilled without any violations during the reporting period[107]. - The company has not found any violations of commitments by its controlling shareholders during the reporting period[111]. - The company will disclose the status of the share repurchase commitments in its periodic reports[113]. - The company has established a remuneration system that is tied to the performance evaluation of its executives[122]. Operational Efficiency - The company has established a strong R&D team and follows a technology-driven strategy, focusing on market demand analysis and feasibility studies before initiating new projects[36]. - The company has achieved a stable supplier status with downstream clients, often requiring 1-2 years for product certification, leading to long-term partnerships[40]. - The company has made significant advancements in the technology of semiconductor photoresist specialty chemicals, although it still faces competition from international players like BASF and ADEKA[40].