Financial Performance - Total revenue for Q1 2020 was ¥178,041,023.74, a decrease of 3.15% compared to ¥183,839,389.25 in the same period last year[7] - Net profit attributable to shareholders was ¥26,056,618.03, down 21.11% from ¥33,027,842.91 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥23,117,221.53, a decrease of 20.70% compared to ¥29,151,288.67 in the previous year[7] - Basic earnings per share decreased to ¥0.0506, down 21.06% from ¥0.0641 in the previous year[7] - The company reported a net profit of CNY 27,277,774.59 for Q1 2020, compared to a net profit of CNY 31,463,365.12 in the same period last year, reflecting a decline of approximately 13.2%[38] - The net profit for the first quarter was CNY 24,799,545.31, down 24.4% from CNY 32,822,439.67 in the same period last year[39] - The total profit for the first quarter was CNY 29,916,153.26, a decrease of 22.0% compared to CNY 38,382,498.65 in the previous year[39] - The total comprehensive income for the first quarter was CNY 25,630,317.16, a decrease of 20.5% from CNY 32,092,364.93 in the previous year[40] Cash Flow and Liquidity - Operating cash flow for the period increased by 41.65% to ¥48,403,780.32 from ¥34,170,457.18 in the same period last year[7] - Cash and cash equivalents decreased by 33.07% to CNY 104,799,215.01, mainly due to significant repayment of bank loans during the reporting period[15] - Cash flow from operating activities increased by 41.65% to CNY 48,403,780.32, attributed to reduced procurement payments due to inventory digestion[16] - The company reported a cash inflow from operating activities of CNY 175,578,858.87, down 10.4% from CNY 195,910,962.19 in the previous year[45] - The ending balance of cash and cash equivalents was CNY 93,402,791.55, down from CNY 190,767,593.85[48] - Cash inflow from operating activities was CNY 69,608,802.63, a decrease from CNY 79,232,415.55 in the previous period[49] - The net cash flow from operating activities for the parent company was CNY -35,687,513.36, worsening from CNY -4,097,254.43 in the previous period[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,040,345,688.21, a decrease of 2.99% from ¥2,103,146,028.30 at the end of the previous year[7] - Cash and cash equivalents decreased from RMB 156,575,131.98 to RMB 104,799,215.01[29] - The company's total assets amounted to CNY 1,301,309,461.49, slightly up from CNY 1,289,143,291.50 at the end of 2019[34] - Total liabilities decreased to CNY 54,224,797.35 from CNY 133,192,166.86, indicating a significant reduction in financial obligations[35] - Total liabilities amounted to CNY 364,494,161.54, with current liabilities at CNY 280,999,216.98 and non-current liabilities at CNY 83,494,944.56[54] - The total assets of the company were reported at CNY 2,103,146,028.30, with current assets totaling CNY 430,244,001.74 and non-current assets at CNY 858,899,289.76[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,423[11] - The largest shareholder, Qian Xiaochun, holds 24.31% of the shares, amounting to 125,283,575 shares[11] - Net assets attributable to shareholders increased by 1.60% to ¥1,702,029,710.42 from ¥1,675,242,744.41 at the end of the previous year[7] - Total equity attributable to shareholders increased to CNY 1,247,084,664.14 from CNY 1,155,951,124.64, showing a growth of approximately 7.9%[35] Research and Development - R&D expenses increased by 37.51% to CNY 12,275,237.24, driven by higher investment in research and development by subsidiaries[15] - Research and development expenses increased to CNY 3,434,159.51, up 24.4% from CNY 2,759,617.40 in the previous year[41] Non-Recurring Items - The company reported non-recurring gains of ¥2,939,396.50 for the period[8] - The company incurred a significant decrease in investment income, down 91.01% to CNY 541,683.19, due to the impact of the pandemic on joint venture performance[15] - The company reported a 66.10% decrease in non-operating income to CNY 155,998.28, primarily due to reduced government subsidies compared to the previous year[16] - Other income for the first quarter was CNY 155,998.28, down 66.1% from CNY 460,224.68 in the previous year[39] Fundraising and Investments - The company reported a net fundraising amount of RMB 378,631,698.11, with a cumulative investment of RMB 212,893,447.30 as of March 31, 2020[22] - The remaining unused fundraising balance is RMB 180,094,859.89, allocated in structured deposits (RMB 147,000,000.00), wealth management products (RMB 30,000,000.00), and demand deposits (RMB 3,094,859.89)[22] - The company has adjusted the total fundraising amount for the new project of producing 3,070 tons of next-generation flat panel display and integrated circuit materials to RMB 306,430,250.38[22] - The headquarters R&D center project has an adjusted total fundraising amount of RMB 72,201,447.73[22]

Financial Performance - The company's operating revenue for 2019 was ¥863,906,732.57, representing a year-over-year increase of 16.89% compared to ¥739,083,610.12 in 2018[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥136,950,564.31, a 1.99% increase from ¥134,283,164.42 in the previous year[20]. - The net cash flow from operating activities increased by 67.16% to ¥186,562,580.76 from ¥111,605,525.93 in 2018[20]. - The total assets at the end of 2019 were ¥2,103,146,028.30, an increase of 11.72% from ¥1,882,459,731.74 at the end of 2018[20]. - The company's basic earnings per share for 2019 was ¥0.2923, a slight increase of 0.55% from ¥0.2907 in 2018[20]. - The company's total revenue for 2019 was CNY 854,951,712.35, representing a year-on-year increase of 16.48%[49]. - The gross profit margin for electronic chemicals sales was 39.64%, a decrease of 0.48% compared to the previous year[49]. - The company's financial expenses surged by 2733.76% to CNY 5,170,838.38, primarily due to reduced exchange gains and increased interest expenses from bank loans[43]. - The company reported a revenue of 755.74 million CNY for the year, with a net profit of 114.79 million CNY, reflecting a growth of 18% compared to the previous year[90]. Research and Development - The company emphasizes the importance of continuous R&D to mitigate risks associated with new product development in a high-tech industry[5]. - The company has developed a series of high-sensitivity photoinitiators for LCD photoresists, breaking the monopoly of multinational companies in this field[31]. - R&D expenses rose by 28.56% to CNY 62,417,887.34, driven by increased personnel costs and investment in R&D equipment[43]. - The company applied for a total of 160 patents in China and 32 PCT patents, with significant international patent applications in Japan, Korea, Europe, and the USA[35]. - The company has a total of 185 R&D personnel in 2019, accounting for 17.31% of the workforce, slightly up from 16.94% in 2018[59]. Market Position and Strategy - The company maintains a dominant market position in PCB photoresist materials, benefiting from the ongoing transfer of the PCB industry to mainland China[30]. - The company is focused on expanding its market presence and developing new customers to counteract potential declines in profitability due to increased investment and operational costs[8]. - The company is actively monitoring market trends and customer needs to guide its product development strategy[5]. - The company is focusing on expanding its market presence through new product development and strategic investments in technology[74]. - The company is one of the few in China engaged in the R&D, production, and sales of photoresist specialty chemicals, benefiting from the domestic substitution trend in the PCB, LCD, and semiconductor industries[91]. Environmental Compliance - The company emphasizes safety and environmental protection, having obtained multiple certifications to mitigate risks associated with hazardous chemicals[96]. - The company has implemented new strategies to enhance environmental compliance and reduce emissions across its operations[150]. - The company has established emergency response plans for environmental incidents, which have been reviewed and filed by environmental authorities[155]. - The company has successfully completed environmental impact assessments for all projects in accordance with regulatory requirements[155]. - The company reported a wastewater (COD) discharge of 5.524 mg/L, compliant with the urban sewage discharge standards[150]. Shareholder Returns - The company plans to distribute a cash dividend of 0.6 RMB per 10 shares to all shareholders, based on a total of 515,253,388 shares[8]. - For the 2019 fiscal year, the company proposed a cash dividend of RMB 0.60 per 10 shares, amounting to RMB 30,915,203.28, which represents 100% of the distributable profit[103]. - The cash dividend for 2019 accounted for 20.53% of the net profit attributable to the company's ordinary shareholders[107]. - The company has maintained a consistent cash dividend policy, with the 2018 cash dividend representing 27.76% of the net profit attributable to ordinary shareholders[107]. Corporate Governance - The independent directors confirmed that the profit distribution plan for 2019 complies with the company's articles of association and does not harm shareholders' interests[105]. - The company has adhered to regulatory requirements regarding cash dividends, ensuring transparency and proper decision-making processes[102]. - The actual controller and shareholders have committed to not transferring more than 25% of their shares during their tenure as directors or senior management, and they will not transfer shares within six months after leaving the company[108]. - The company has committed to maintaining compliance with relevant laws and regulations regarding share transfers[112]. Employee Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 9.1875 million CNY[193]. - The company has established a performance-based salary system to attract and retain talent, with a focus on fairness and consistency[196]. - The company emphasizes training and development, implementing a demand-oriented annual training plan for employees[197][198]. - The company employed a total of 1,069 staff, including 735 production personnel and 185 technical personnel[194][195]. Future Outlook - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting $550 million in revenue[189]. - The company plans to invest $50 million in R&D for new technologies aimed at enhancing product efficiency[189]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $100 million allocated for this purpose[189]. - The company plans to increase its marketing budget by 15% to support new product launches and market penetration[189].

Financial Performance - Operating revenue for the reporting period reached CNY 221,824,365.79, a year-on-year increase of 48.26%[7] - Net profit attributable to shareholders increased by 28.42% to CNY 43,184,851.29 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,137,432.52, up 15.34% year-on-year[7] - Basic earnings per share rose by 28.33% to CNY 0.0838[7] - The weighted average return on net assets was 2.65%, an increase of 0.43% compared to the previous year[7] - The total operating revenue for the third quarter of 2019 was CNY 221,824,365.79, an increase of 48.2% compared to CNY 149,617,577.27 in the same period last year[40] - The net profit for the third quarter was CNY 42,060,882.13, representing a 36.6% increase from CNY 30,802,321.09 in the previous year[41] - The total comprehensive income attributable to the parent company was CNY 44,015,923.02, compared to CNY 34,365,779.13 in the same quarter last year, reflecting a growth of 28.3%[44] - The net profit for the year-to-date period was CNY 127,334,243.85, compared to CNY 105,860,758.44, indicating an increase of 20.2%[49] Assets and Liabilities - Total assets increased by 10.76% to CNY 2,084,978,130.20 compared to the end of the previous year[7] - The company's total liabilities increased by 39.42% to ¥163,372,708.10 due to increased bank loans[18] - Current liabilities increased to ¥327,134,409.35 from ¥232,492,711.37, indicating a rise in short-term obligations[32] - The company's non-current liabilities rose to ¥43,802,588.31, up from ¥5,453,412.01, reflecting increased long-term financial commitments[32] - Total liabilities amounted to CNY 237,946,123.38, with current liabilities at CNY 232,492,711.37[67] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 82,064,325.73, reflecting a 17.71% increase[7] - Cash received from government subsidies increased by 408.16% to ¥59,919,055.99 during the reporting period[20] - The company reported a total cash inflow from operating activities of ¥679,927,383.45, compared to ¥521,506,691.74, an increase of 30.4%[57] - The net cash flow from operating activities was -1,653,358.65 yuan, compared to -86,975,056.01 yuan in the previous period, indicating an improvement[61] - The company received tax refunds amounting to ¥22,885,363.90, up from ¥10,014,789.47, indicating a growth of 128.5%[57] Investments and Expenses - R&D expenses increased by 36.41% to ¥46,387,789.18 due to an increase in personnel and equipment depreciation[20] - Investment income surged by 355.14% to ¥20,561,948.32 from joint ventures and short-term financial management[20] - The company reported a significant increase in investment income, reaching ¥13,182,864.81, a rise of 526.23% compared to the previous period[21] - Research and development expenses for the quarter were CNY 23,613,414.39, up 59.8% from CNY 14,786,418.17 in the previous year[40] - Sales expenses increased to CNY 24,279,835.52 from CNY 20,493,926.74, an increase of 18.5%[47] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,753[11] - Major shareholder Qian Xiaochun holds 27.26% of the shares, with 109,206,431 shares pledged[11] Other Financial Metrics - The company's trading financial assets at the end of the reporting period amounted to ¥287,520,000[18] - Cash and cash equivalents decreased to CNY 41,150,793.30 from CNY 61,653,417.80 at the end of 2018, a decline of 33.4%[35] - The total comprehensive income for the year-to-date period reached CNY 651,436,425.77, up from CNY 512,664,278.55, reflecting a growth of 27.1%[47] - The company reported a cash dividend payment of ¥44,371,527.16, a 53.98% increase compared to the previous period[21]

Financial Performance - Total revenue for the reporting period was CNY 429,612,059.98, an increase of 18.34% compared to the same period last year[18]. - Net profit attributable to shareholders was CNY 87,503,113.19, reflecting an 11.00% increase year-over-year[18]. - Net profit after deducting non-recurring gains and losses was CNY 82,008,846.58, up by 6.36% from the previous year[18]. - The net cash flow from operating activities reached CNY 66,139,830.93, marking a 19.41% increase compared to the same period last year[18]. - Total assets at the end of the reporting period were CNY 1,980,761,706.18, a 5.22% increase from the end of the previous year[18]. - The company's equity attributable to shareholders increased to CNY 1,604,800,955.05, up by 2.75% from the previous year[18]. - Operating costs increased by 23.23% to RMB 261,030,972.18, indicating a rise in production expenses[40]. - The gross margin for LCD photoresist was 56.67%, while PCB photoresist had a gross margin of 38.35%[44]. - Financial expenses surged by 499.87% to RMB 3,190,126.15 due to increased bank loan interest expenses[40]. - The total operating revenue for the first half of 2019 was CNY 429,612,059.98, an increase of 18.3% compared to CNY 363,046,701.28 in the same period of 2018[141]. Research and Development - The company applied for a total of 139 patents, including 28 PCT patents, and received multiple patents from various international patent offices[31]. - The company continues to strengthen its innovation and R&D efforts, aiming to become a global leader in the photopolymer field[30]. - Research and development expenses rose by 23.36% to RMB 22,774,374.79, driven by increased personnel costs and investment in R&D equipment[40]. - The company has established a strong R&D team, ensuring continuous innovation and competitive advantage in the photoresist market[37]. - The company has invested 6% of its revenue in research and development, indicating a strong commitment to innovation in the electronic materials sector[77]. Governance and Compliance - The financial report ensures the accuracy and completeness of the data presented, with key personnel affirming its integrity[3]. - All board members attended the meeting to discuss the report, indicating strong governance and oversight[4]. - The company maintains a commitment to transparency, with information disclosure practices remaining consistent with previous reports[16]. - The company has outlined potential risks and corresponding mitigation strategies in the report, emphasizing proactive management[4]. - The company has obtained various certifications, including environmental management and safety production licenses, to address safety and environmental risks associated with its operations[77]. Market Position and Strategy - The company holds a dominant market position in PCB photoresist materials, benefiting from the ongoing transfer of the PCB industry to mainland China[25]. - The company maintained strong customer relationships with major clients including Samsung SDI and JSR, ensuring stable demand for its products[33]. - The company plans to expand its market presence and reduce the risk of declining profitability by actively developing new markets and clients[77]. - The company is focusing on market expansion and product development, as indicated by the increase in both revenue and R&D spending[146]. Assets and Liabilities - Cash and cash equivalents decreased by 24.41% to ¥150,732,727.3, down from ¥591,305,967.00, primarily due to the absence of non-public stock issuance funds received in the previous year[49]. - Inventory increased by 53.12% to ¥255,434,690.8, up from ¥166,650,216.30, as the company raised safety stock levels to ensure supply continuity for customers[49]. - Long-term equity investments reached ¥105,121,554.9, representing a 5.31% increase, attributed to new investments in companies such as Changsha Xinyu and Green Sensitivity[49]. - The total liabilities rose to CNY 266,306,861.26 from CNY 232,492,711.37, reflecting an increase in short-term borrowings and accounts payable[133]. - The company's cash and cash equivalents decreased to CNY 150,732,727.30 from CNY 211,355,001.84, indicating a decline in liquidity[131]. Shareholder Information - The total number of shares before the change was 271,185,994, which decreased to 515,253,388 after the change, reflecting a significant increase in total shares[110]. - The earnings per share (EPS) decreased from 0.3227 to 0.1698, indicating a decline of approximately 47.4%[110]. - The diluted earnings per share also fell from 0.3227 to 0.1698, mirroring the same decline in EPS[110]. - The total number of shareholders at the end of the reporting period was 19,621[115]. - The company plans to release 25% of the locked shares annually for major shareholders, with restrictions on total share reductions[112]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with wastewater and air emissions meeting regulatory standards[102][104]. - The company has implemented effective pollution prevention measures, including a rainwater and wastewater separation system[103]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and filed with the environmental protection department[104]. - The company has not initiated any poverty alleviation programs in the reporting period and has no subsequent plans[105]. Financial Reporting and Accounting - The financial report for the first half of 2019 was not audited, which may affect the reliability of the financial data presented[129]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[177]. - The company uses RMB as its functional currency for accounting purposes[180]. - The company adopts the equity method for accounting treatment of mergers under common control, measuring assets and liabilities at the book value in the consolidated financial statements of the ultimate controlling party[181].

常州强力电子新材料股份有限公司 2019 年第一季度报告全文 常州强力电子新材料股份有限公司 2019 年第一季度报告 2019 年 04 月 1 常州强力电子新材料股份有限公司 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。 公司负责人钱晓春、主管会计工作负责人吴庆宜及会计机构负责人(会计主 管人员)张维琴声明：保证季度报告中财务报表的真实、准确、完整。 2 常州强力电子新材料股份有限公司 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 183,839,389.25 | 167,554,832.31 | 9.72% | | 归属于上市公司股东的净利润（元） | 33,027,842. ...

Financial Performance - The company's operating revenue for 2018 was CNY 739,083,610.12, representing a 15.49% increase compared to CNY 639,954,962.08 in 2017[23]. - The net profit attributable to shareholders for 2018 was CNY 146,556,470.86, up 15.77% from CNY 126,590,925.89 in 2017[23]. - The net cash flow from operating activities increased by 29.07% to CNY 111,605,525.93 in 2018 from CNY 86,467,606.26 in 2017[23]. - The total assets at the end of 2018 reached CNY 1,882,459,731.74, a 46.75% increase from CNY 1,282,754,278.15 at the end of 2017[23]. - The company reported a basic earnings per share of CNY 0.5523 for 2018, reflecting a 12.21% increase from CNY 0.4922 in 2017[23]. - The weighted average return on equity for 2018 was 10.95%, down from 12.52% in 2017[23]. - Operating costs for 2018 were ¥443,181,706.98, reflecting a year-on-year increase of 17.80%[48]. - The company reported a gross margin of 40.12% for electronic chemical sales, a decrease of 1.15% from the previous year[54]. Research and Development - The company reported a research and development investment accounting for 6% of its operating revenue, indicating a strong commitment to innovation despite potential risks to profitability[10]. - The company has accumulated substantial independent intellectual property rights, which helps mitigate risks in new product development[6]. - The company is focused on continuous product innovation to adapt to the evolving demands of the electronic materials industry[6]. - The company has applied for a total of 126 patents in China, including 28 PCT patents, and has received multiple patents from various international patent offices[39]. - The company has established a strong R&D team, focusing on continuous innovation and development of leading products in the photoresist chemical field[45]. - The company's R&D expenditure in 2018 was ¥48,552,080.34, representing a 24.90% increase compared to 2017, and accounting for 6.57% of total revenue[65]. Market and Sales - The market share of the company's PCB photoresist specialty chemicals is steadily increasing as the PCB industry continues to shift towards mainland China[33]. - The sales of electronic chemicals accounted for 99.31% of total revenue, with a year-on-year growth of 15.02%[52]. - Domestic sales contributed ¥407,575,582.36, representing 55.15% of total revenue, with an 18.18% increase year-on-year[52]. - The company has become a major supplier of LCD photoresist materials, breaking the monopoly of multinational companies like BASF[40]. - The company maintains stable relationships with major clients such as Hitachi Chemical and Samsung SDI, ensuring long-term partnerships[41]. Risk Management - The company is facing risks related to long project construction cycles, which now take approximately 2-3 years due to increased environmental and safety regulations[9]. - The company aims to minimize the risk of declining profitability by actively developing new markets and controlling operational cost increases[10]. - The company emphasizes the importance of communication with government departments to shorten project approval times and enhance planning efforts[9]. - The company has established an EHS department to effectively manage safety and environmental risks associated with the use of various chemicals in production[7]. - The company is facing risks related to high technical barriers in the electronic materials industry, particularly in PCB processing and semiconductor manufacturing[95]. Environmental Compliance - The company has received multiple certifications for its environmental management and safety standards, demonstrating its commitment to safety and compliance[7]. - The company has implemented environmental protection measures, including a wastewater treatment system that meets the GB8978-1996 standard with a discharge of 4.6 tons/year of COD[143]. - The company’s waste gas emissions of nitrogen oxides are at 2.47 tons/year, compliant with the GB16297-1996 standard[143]. - The company’s solid waste disposal is managed by qualified units, ensuring compliance with environmental regulations[143]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and filed with the environmental protection department[143]. Profit Distribution - The profit distribution plan approved by the board proposes a cash dividend of 1.50 RMB per 10 shares, with a capital reserve conversion of 9 shares for every 10 shares held[10]. - The company declared a cash dividend of CNY 1.50 per 10 shares, totaling CNY 40,677,899.10 for the year 2018[103]. - The total distributable profit for the year was CNY 135,606,402.66, with cash dividends accounting for 100% of the profit distribution[103]. - The cash dividend for 2018 represented 27.76% of the net profit attributable to ordinary shareholders, which was CNY 146,556,470.86[105]. - The company maintained a consistent dividend policy, with cash dividends of CNY 2.20 per 10 shares in 2015 and CNY 1.00 per 10 shares in both 2016 and 2017[104]. Governance and Compliance - The company has fulfilled its commitments during the reporting period and as of the end of the reporting period, no commitments remain unfulfilled[106]. - The company and its directors have not faced any administrative penalties from the China Securities Regulatory Commission in the last 16 months[106]. - No public reprimands from the stock exchange have been received by the company or its executives in the last 12 months[106]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing[106]. - The company has established a clear framework for penalties related to share transfer violations, including daily fines for late payments[107]. Shareholder Structure - Major shareholder Qian Xiaochun holds 28.26% of the shares, totaling 76,636,092 shares, with 13,559,300 shares pledged[158]. - Major shareholder Guan Jun holds 18.50% of the shares, totaling 50,181,625 shares, with 12,545,406 shares pledged[158]. - The company has a stable ownership structure with no changes in actual control[162]. - The total shares held by directors, supervisors, and senior management at the end of the period amounted to 5,569,858 shares, down from 7,187,182 shares at the beginning of the period, indicating a reduction of approximately 22.5%[167]. Management and Employees - The total number of employees in the company is 1,110, with 254 in the parent company and 856 in major subsidiaries[180]. - The company has a total of 751 production personnel, 39 sales personnel, 176 technical personnel, 17 financial personnel, and 127 administrative personnel[180]. - The company aims to maintain a competitive salary level above the industry average to attract and retain top talent[181]. - The company has implemented a comprehensive reform of its salary performance system based on market demand and different job levels[181]. - The company has established a comprehensive performance evaluation system for senior management, linking their performance directly to compensation[188]. Audit and Financial Reporting - The company has not experienced any non-standard audit reports during the reporting period[117]. - The company has ensured that all commitments made to minority shareholders have been fulfilled on time[115]. - The company reported a significant change in its financial reporting policies due to the issuance of new financial statement formats by the Ministry of Finance on June 15, 2018, which affected the preparation of the 2018 annual financial statements[118]. - The company has adjusted its financial statements in accordance with the new accounting policies adopted during the reporting period[118]. - The company has appointed Jiangsu Suya Jincheng Accounting Firm as its auditor, with an audit fee of 700,000 RMB and a continuous service period of 10 years[120].

常州强力电子新材料股份有限公司 2018 年第三季度报告全文 常州强力电子新材料股份有限公司 2018 年第三季度报告 2018 年 10 月 1 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 常州强力电子新材料股份有限公司 2018 年第三季度报告全文 □ 是 √ 否 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。 公司负责人钱晓春、主管会计工作负责人吴庆宜及会计机构负责人(会计主 管人员)张维琴声明：保证季度报告中财务报表的真实、准确、完整。 2 常州强力电子新材料股份有限公司 2018 年第三季度报告全文 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,846,656,302.25 | | 1,282,754,278.15 | 43.96% | | 归属于上市公司股东的净资产 | ...

常州强力电子新材料股份有限公司 2018 年半年度报告全文 常州强力电子新材料股份有限公司 2018 年半年度报告 2018 年 08 月 1 常州强力电子新材料股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 所有董事均已出席了审议本报告的董事会会议。 公司在本报告"第四节经营情况讨论与分析"之"十、公司面临的风险和应对 措施"部分详细描述了公司经营中可能存在的风险及应对措施，敬请投资者注意 并仔细阅读。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介和主要财务指标 6 | | 第三节 公司业务概要 9 | | 第四节 经营情况讨论与分析 13 | | 第五节 重要事项 23 | | 第六节 股份变动及股东情况 35 | | 第七节 优先股相关情况 41 | | 第八节 董事、监事、高级管理人员情况 42 | | 第九节 公司债相关情况 43 | | 第十节 财务报告 44 | | 第十一节 备查文件目录 126 | 常州强力电子新材料股份有限公司 2018 年半年度报告全文 释义 | 释义项 ...

Financial Performance - Total revenue for Q1 2018 was CNY 167,554,832.31, representing a 24.45% increase compared to CNY 134,632,971.13 in the same period last year[7]. - Net profit attributable to shareholders was CNY 36,771,501.51, up 23.89% from CNY 29,679,764.15 year-on-year[7]. - Basic earnings per share increased to CNY 0.1430, reflecting a growth of 23.92% compared to CNY 0.1154 in the previous year[7]. - Cash received from sales of goods and services was CNY 163,500,853.29, representing a 35.77% increase year-on-year due to higher sales revenue[26]. - Cash received from other operating activities was CNY 2,521,662.83, a significant increase of 414.41% year-on-year, mainly from government subsidies[26]. - The total operating revenue for the first quarter of 2018 was CNY 167,554,832.31, an increase from CNY 134,632,971.13 in the previous period[53]. - The net profit for the first quarter was CNY 34,895,550.44, up from CNY 29,724,408.88 year-over-year[54]. - The total comprehensive income for Q1 2018 was CNY 35,927,473.34, compared to CNY 29,641,213.18 in the same period last year, indicating a growth of 21.5%[58]. Assets and Liabilities - The company's total assets reached CNY 1,386,696,095.02, an 8.10% increase from CNY 1,282,754,278.15 at the end of the previous year[7]. - The company's cash and cash equivalents at the end of the period amounted to ¥151,832,726.18, an increase of 40.96% compared to the beginning of the year, primarily due to fewer maturing financial products than at the end of the previous year[20]. - The total liabilities increased to CNY 221,961,497.84 from CNY 166,347,154.31[48]. - The equity attributable to the parent company reached CNY 1,098,579,763.56, compared to CNY 1,061,151,954.29 in the previous period[48]. - The company's inventory increased to 167,214,670.59 yuan from 146,436,840.01 yuan at the beginning of the period[45]. Cash Flow - The net cash flow from operating activities was CNY 27,090,570.23, which is a 20.86% increase from CNY 22,414,311.82 in the same period last year[7]. - The company reported a cash outflow of CNY 78,004,700.08 for the purchase of fixed assets, an increase of 336.12% year-on-year, attributed to project progress and land prepayments[27]. - Investment activities resulted in a net cash outflow of CNY 48,461,722.30, compared to a net inflow of CNY 25,718,968.76 in the previous year[62]. - The financing activities generated a net cash inflow of CNY 67,696,260.18, compared to a net outflow of CNY 34,611.50 in the same period last year[62]. - The net increase in cash and cash equivalents for the current period was $8,160,241.84, down from $28,896,471.43 in the previous period[66]. Expenses - Sales expenses amounted to CNY 5,546,878.03, up 49.45% year-on-year, primarily due to increases in labor, transportation, and insurance costs[23]. - Management expenses were CNY 22,343,438.73, a rise of 56.80% compared to the previous year, driven by higher labor costs, intangible asset amortization, consulting fees, and R&D expenses[23]. - The total operating costs amounted to CNY 126,859,607.72, compared to CNY 99,456,146.24 in the prior period[53]. Risks and Challenges - The company faces risks in new product development due to high industry technical barriers and the need for increased R&D efforts[9]. - Customer certification cycles pose a risk, as products must be adopted from the R&D stage and cannot be easily switched mid-process[9]. - The construction cycle for new projects has lengthened to approximately 2.5 to 3 years due to stricter government regulations[10]. - The company is focused on market expansion and new customer development to mitigate risks associated with increased investment and R&D costs[10]. Other Information - The company emphasizes safety and environmental protection, having obtained multiple certifications to mitigate risks associated with hazardous materials[10]. - The company has a balance of unused raised funds of 31,241,604.04 yuan, with 30,000,000.00 yuan in structured deposits and 780,000.00 yuan in wealth management products[37]. - The company has committed to using no more than 32 million yuan of temporarily idle raised funds for cash management, with a rolling usage period of up to 12 months[37]. - The company reported a total amount of funds raised in the current quarter is 15,902.87 million yuan, with a cumulative investment of 13,005 million yuan, representing 85.00% of the committed investment projects[36]. - The company’s first-quarter report was not audited[67].

常州强力电子新材料股份有限公司 2017 年年度报告全文 常州强力电子新材料股份有限公司 2017 年年度报告 2018 年 03 月 1 常州强力电子新材料股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人钱晓春、主管会计工作负责人刘绮霞及会计机构负责人(会计主 管人员)张维琴声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1．新产品开发所面临的风险 公司所处行业技术壁垒高，面对 PCB 制程、LCD 部件制造、OLED 材料、半导体制造 等下游产业技术不断升级换代等特点，公司需要加大研发力度，不断推出新产品以适应市场 需求。但新产品的开发面临一定的风险。公司通过不断持续的研究应用市场和客户动向，能 够把握市场的发展方向，也积累了自主知识产权的核心技术，并有一定的技术储备，能够降 低新产品开发的风险。 2．客户认证周期的风险 公司的产品要进入客户的供应链，需要客户从研发阶段开始采用， ...