Financial Performance - The company's operating revenue for Q1 2021 was CNY 229,370,686.82, representing a 28.83% increase compared to CNY 178,041,023.74 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was CNY 31,861,625.58, up 22.28% from CNY 26,056,618.03 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,732,767.84, reflecting a 28.62% increase from CNY 23,117,221.53 year-on-year[7]. - The basic earnings per share for Q1 2021 was CNY 0.0618, an increase of 22.13% compared to CNY 0.0506 in the same period last year[7]. - The diluted earnings per share for Q1 2021 was CNY 0.0652, which is a 28.85% increase from CNY 0.0506 year-on-year[7]. - The company reported a significant increase in cash received from investment activities, totaling ¥736,095,964.91, up 119.06% from the previous year due to higher redemption amounts of financial products[19]. - The company reported a total comprehensive income of ¥31,132,559.58 for Q1 2021, up from ¥25,630,317.16 in the previous year[45]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 60.63% to CNY 19,056,692.25 from CNY 48,403,780.32 in the previous year[7]. - The company's cash and cash equivalents increased by 40.67% to ¥935,101,687.85 compared to the end of the previous year, primarily due to the redemption of financial products[18]. - The net cash flow from investment activities was 168,264,326.07 CNY, an increase from 66,819,577.85 CNY in the previous year, representing a growth of approximately 151.1%[56]. - The total cash inflow from investment activities amounted to 603,321,644.37 CNY, compared to 332,466,034.81 CNY in the same period last year, indicating a year-over-year increase of about 81.3%[56]. - The cash outflow for investment activities was 435,057,318.30 CNY, up from 265,646,456.96 CNY, reflecting a rise of approximately 63.7%[56]. - The ending balance of cash and cash equivalents reached 343,639,831.91 CNY, compared to 35,196,627.42 CNY at the end of the same quarter last year, marking an increase of approximately 875.5%[56]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,012,372,488.63, a slight decrease of 0.16% from CNY 3,017,339,359.14 at the end of the previous year[7]. - The company's current assets decreased to CNY 1,603,964,877.42 from CNY 1,690,373,880.23, reflecting a decline of approximately 5.1%[34]. - Total liabilities decreased to CNY 989,495,885.77 from CNY 1,025,595,315.86, indicating a decline of about 3.5%[36]. - The company's equity increased to CNY 2,022,876,602.86 from CNY 1,991,744,043.28, reflecting a growth of approximately 1.6%[37]. - Long-term borrowings decreased significantly to CNY 323,973.76 from CNY 48,629,050.90, indicating a substantial reduction[36]. Investments and Projects - The total amount of raised funds was CNY 121,849.99 million, with CNY 10,251.17 million invested in the current quarter[24]. - Cumulative investment of raised funds reached CNY 44,579.42 million, with a total of CNY 10,000 million allocated for working capital[24]. - The project for producing 3,070 tons of next-generation display materials has a cumulative investment progress of 60.24%[24]. - The headquarters R&D center project has been fully completed with a 100% investment progress[24]. - The project for producing 12,000 tons of environmentally friendly photoinitiators has only achieved 12.03% of its investment progress[24]. Shareholder Information - The company had a total of 49,132 common shareholders at the end of the reporting period[11]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[27][28]. Miscellaneous - The company plans to continue expanding its market presence and investing in new projects to drive future growth[20]. - The first quarter report was not audited, indicating that the figures presented are unaudited[59].

Financial Performance - The company's operating revenue for 2020 was approximately ¥776.47 million, a decrease of 10.12% compared to ¥863.91 million in 2019[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥75.87 million, down 44.60% from ¥136.95 million in the previous year[26]. - The net cash flow from operating activities increased by 12.44% to approximately ¥209.77 million, compared to ¥186.56 million in 2019[26]. - The total assets at the end of 2020 reached approximately ¥3.02 billion, representing a 43.47% increase from ¥2.10 billion at the end of 2019[26]. - The net assets attributable to shareholders increased by 15.39% to approximately ¥1.93 billion, compared to ¥1.68 billion at the end of 2019[26]. - The basic earnings per share decreased by 38.35% to ¥0.1802, down from ¥0.2923 in 2019[26]. - The diluted earnings per share also decreased by 38.25% to ¥0.1805, compared to ¥0.2923 in the previous year[26]. - The weighted average return on equity was 5.46%, down from 9.31% in 2019, reflecting a decrease of 3.85%[26]. - The company reported quarterly revenues of ¥178.04 million, ¥194.87 million, ¥195.86 million, and ¥207.70 million for Q1 to Q4 respectively[28]. - The net profit attributable to shareholders for Q4 was significantly lower at approximately ¥6.62 million, compared to higher profits in the earlier quarters[28]. Investment and Financing - The company successfully issued convertible bonds worth ¥850 million during the reporting period, although there are risks associated with the implementation of the projects funded by these bonds[12]. - The company made a significant equity investment of ¥20,000,000, acquiring a 21.05% stake in a new materials technology firm[95]. - The company reported a net loss of ¥227,764.46 from this investment during the reporting period[95]. - The total initial investment cost for financial assets was ¥1,978,581,860.69, with a cumulative investment income of ¥1,229,848.72[100]. - The fair value of financial assets at the end of the reporting period was ¥579,861,240.14[101]. - The company raised a total of 1,218,499,934.87 CNY in funds, with 343,282,532.99 CNY already invested and interest income of 20,319,386.60 CNY[104]. - The remaining unused balance of raised funds is 895,528,398.36 CNY[104]. - The company has committed to invest 30,643.03 million CNY in a new production project, with 51.67% of the investment completed as of the reporting date[105]. Research and Development - The company is committed to ongoing research and development to adapt to the evolving needs of the PCB and LCD manufacturing sectors[7]. - R&D is a priority, with a dedicated center for product design and development, emphasizing market demand analysis and feasibility studies before project initiation[44]. - The company has applied for a total of 229 patents in China and has received multiple patents in Japan, Korea, Europe, the United States, and Taiwan, indicating a strong focus on innovation and technology development[54]. - The company plans to increase R&D investment to drive innovation and improve existing product performance through collaboration with research institutions[123]. - In 2020, the company's R&D expenditure was CNY 64.00 million, a year-on-year increase of 2.54%, accounting for 8.24% of operating revenue[81]. - The number of R&D personnel increased to 193 in 2020, representing 19.22% of the total workforce[81]. Market and Competition - The electronic chemical industry is experiencing increased competition due to market demand expansion and technological advancements, necessitating continuous innovation and management improvements[5]. - The company is positioned to benefit from national policies that support the electronic chemical industry, but must navigate the risks of intensified competition[5]. - The company has established a strong market position as a key player in the electronic materials sector, recognized as a national torch program key high-tech enterprise[35]. - The company has become a significant supplier in the PCB photoresist resin market since 2012, and has developed high-sensitivity photo initiators for LCD photoresists, gradually enhancing its market position[49]. - The company maintains a stable customer base, including major clients like Samsung SDI and JSR, which enhances its competitive advantage[56]. Environmental Compliance - Environmental regulations are tightening, and the company must enhance its environmental protection measures to avoid penalties that could adversely affect operations[8]. - The company is classified as a key pollutant discharge unit by the environmental protection department[176]. - The company has implemented measures to ensure compliance with environmental standards[176]. - The company conducts annual environmental monitoring through third-party qualified units, ensuring compliance with standards[183]. - The company has established emergency response plans for environmental incidents, reviewed and approved by environmental authorities[182]. Shareholder Returns - The company plans to distribute a cash dividend of ¥0.4 per 10 shares to all shareholders, based on a total of 515,253,388 shares[12]. - The cash dividend for 2020 represents 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[130]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of RMB 1.00, RMB 1.50, and RMB 0.60 per 10 shares in 2017, 2018, and 2019 respectively[132]. - The total cash dividend amount for 2019 was 17.94% of the net profit attributable to shareholders, reflecting a prudent approach to profit distribution[133]. - The company’s cash dividend policy aligns with regulatory requirements and has been approved by the shareholders' meeting, ensuring transparency in decision-making[129]. Strategic Acquisitions - The company acquired 100% equity of Changzhou Green Longyue Coating Co., Ltd. through its wholly-owned subsidiary, enhancing its strategic layout in the light curing industry[115]. - The acquisition was funded through the company's own capital, ensuring no adverse impact on its financial and operational status[156]. - The company completed the acquisition of 100% equity in Green Longyue Co., Ltd. for a cash price of 4,081.87 million RMB, enhancing its strategic position in the light curing industry[155]. Corporate Governance - Management emphasized the importance of adhering to corporate governance and compliance standards to protect investor interests[140]. - The company has committed to minimizing related party transactions and ensuring fair pricing in necessary transactions[134]. - The actual controller and shareholders have fulfilled their commitments during the reporting period[134]. - The company has established a legal commitment to compensate for any losses incurred due to violations of these commitments[134]. Operational Challenges - The company faces risks related to new product and technology development, requiring significant time and financial investment to meet market demands[7]. - The company is expanding its asset scale, which poses management challenges that require effective management systems and internal controls[9]. - The company has reported no abnormal production stoppages during the reporting period[65].

Financial Performance - Operating revenue for the reporting period was ¥195,860,093.14, a decrease of 11.70% year-on-year[7] - Net profit attributable to shareholders was ¥28,632,503.07, down 33.70% compared to the same period last year[7] - Basic earnings per share decreased by 33.65% to ¥0.0556[7] - The weighted average return on net assets was 1.67%, a decrease of 0.99% compared to the previous year[7] - Total operating revenue for Q3 2020 was CNY 195,860,093.14, a decrease from CNY 221,824,365.79 in the previous period[41] - The net profit for the third quarter was CNY 28,125,037.10, down from CNY 42,060,882.13, indicating a decline of about 33.2%[43] - The total operating revenue for the third quarter was CNY 49,608,686.08, compared to CNY 47,503,370.96 in the previous period, showing an increase[46] - The total comprehensive income for the third quarter was CNY 26,319,148.72, down from CNY 43,079,398.53, reflecting a decrease of approximately 38.9%[44] - The company reported a decrease in employee compensation payable to CNY 20,159,023.83 from CNY 31,092,444.35 in the previous period[35] Cash Flow - The net cash flow from operating activities increased significantly by 254.12% to ¥56,391,934.32[7] - Operating cash flow net amount increased by 107.61% to CNY 170,376,008.12 compared to the same period last year, primarily due to reduced procurement payments as a result of inventory digestion during the pandemic[20] - Cash received from investment activities increased by 67.00% to CNY 1,553,502,695.73, attributed to increased trading frequency and amounts of financial products due to declining market interest rates[20] - Cash paid for investments rose by 70.98% to CNY 1,597,324,000.00, reflecting increased trading activity in financial products[20] - The net cash flow from financing activities was negative at CNY -26,141,250.98, compared to a positive CNY 1,229,387.57 in Q3 2019[59] - The company reported cash inflow from operating activities totaling CNY 579,201,238.42, down from CNY 679,927,383.45 in the previous year, a decline of about 14.8%[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,171,114,331.80, an increase of 3.23% compared to the end of the previous year[7] - The company's total liabilities increased, with accounts payable rising by 43.56% to CNY 6,620,022.44 from CNY 4,611,258.64, reflecting an increase in bank acceptance bills[18] - Non-current assets totaled CNY 1,288,475,639.94, up from CNY 1,179,755,395.69 year-over-year[36] - The total liabilities increased to CNY 381,604,552.87 from CNY 364,494,161.54 year-over-year[35] - The company's retained earnings increased to CNY 686,152,034.81 from CNY 630,813,399.43 in the previous period[36] - The total owner's equity reached CNY 1,789,509,778.93, up from CNY 1,738,651,866.76 year-over-year[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,049[11] - The largest shareholder, Qian Xiaochun, holds 20.94% of the shares, with 105,342,131 shares pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] Investments and Acquisitions - The company completed the acquisition of a subsidiary, Stronglight Optoelectronics, with a payment of CNY 67,337,386.65 for equity transfer[20] - The company plans to issue convertible bonds with a revised total fundraising amount of no more than CNY 85,000,000.00[22] - The company reported an investment loss of CNY 138,125.78 in the third quarter, compared to a gain of CNY 8,734,469.73 in the previous period[42] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥10,766,518.57 for the year-to-date[9] - The company experienced a foreign exchange loss of CNY 2,395,163.68 due to fluctuations in the RMB exchange rate, compared to a gain in the same period last year[21] - The company has a deferred income tax asset of CNY 26,981,710.48, which could provide future tax benefits[65] - The total liabilities to equity ratio stands at approximately 0.21, suggesting a conservative leverage position[67] - The company has a goodwill of CNY 202,600,111.91, indicating potential intangible asset value from acquisitions[65] Research and Development - Research and development expenses for the third quarter were CNY 16,721,927.89, down from CNY 23,613,414.39, a reduction of about 29.2%[42] - Research and development expenses for the period were CNY 12.97 million, slightly up from CNY 12.05 million in the same quarter last year[53] Compliance and Standards - The company has not undergone an audit for the Q3 report[73] - The company has implemented new revenue and leasing standards starting from 2020[73]

Financial Performance - The company reported a revenue of RMB 300 million for the first half of 2020, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was RMB 50 million, up 20% compared to the same period last year[13]. - The company's operating revenue for the current period is ¥372,912,231.12, a decrease of 13.20% compared to the same period last year[19]. - The net profit attributable to shareholders for the current period is ¥57,621,335.59, down 34.15% year-over-year[19]. - The net profit after deducting non-recurring gains and losses is ¥50,349,178.33, reflecting a decline of 38.61% compared to the previous year[19]. - Future guidance estimates a revenue growth of 20% for the second half of 2020, driven by new product launches[13]. - The total comprehensive income for the first half of 2020 was ¥57,054,582.86, down 33.4% from ¥85,626,024.75 in the previous year[158]. - The company reported a significant drop in investment income, which fell to ¥941,844.05 from ¥11,827,478.59 year-over-year[155]. - The company reported a net profit attributable to shareholders of 244.0 million yuan, down from 268.67 million yuan in the previous period[173]. Research and Development - The company plans to invest RMB 100 million in R&D for new electronic materials in the upcoming year[13]. - The company has a strong focus on R&D in electronic materials, particularly in photoresist specialty chemicals for PCB and LCD applications[26]. - Research and development expenses increased by 18.75% to ¥27,044,356.97, primarily due to higher salaries and depreciation of R&D equipment[38]. - The company is investing RMB 50 million in R&D for new technologies aimed at enhancing product efficiency[187]. - The company has accumulated core technologies and independent intellectual property rights to lower the risks associated with new product development[71]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% market share by 2022[13]. - User data indicates a 25% increase in customer base, reaching 10,000 active users by June 2020[13]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of RMB 200 million allocated for potential deals[189]. - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[188]. Financial Position and Assets - Total assets at the end of the current period are ¥2,193,004,604.87, representing a growth of 4.27% from the end of the previous year[19]. - The company's net assets attributable to shareholders increased by 1.64% to ¥1,702,783,980.65[19]. - The total amount of raised funds was ¥37,863.17 million, with ¥21,762.75 million already invested[58]. - The total liabilities at the end of the reporting period were 3,439.50 million yuan, reflecting a slight increase from the previous period[170]. Cash Flow and Investments - The net cash flow from operating activities increased by 72.34% to ¥113,984,073.80[19]. - The company reported a net cash flow from investment activities of CNY -167,061,314.80, worsening from CNY -90,637,736.86 in the first half of 2019[165]. - The company reported a cash flow increase of 25%, totaling RMB 150 million, indicating strong operational efficiency[190]. Shareholder and Compliance Matters - No cash dividends or stock bonuses will be distributed to shareholders for this period[5]. - The company has established a policy for share reduction that limits the total reduction to no more than 5% of total shares within two years after the lock-up period[80]. - The company guarantees that if any misleading statements lead to investor losses, it will compensate those losses in accordance with legal obligations[82]. - The company has not engaged in any investor communication activities during the reporting period[74]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[109]. - The total discharge of wastewater (COD) is 1.485 tons, exceeding the approved limit of 1.2 tons[109]. - The company has implemented a rainwater and wastewater separation system to enhance pollution control[112]. - The company has invested in pollution prevention facilities to maintain operational efficiency and environmental responsibility[112]. Operational Efficiency - The company has a strong technical service capability, allowing it to quickly respond to customer needs and enhance market share[34]. - The company plans to control rising operational costs while actively developing new markets and customers to minimize the risk of declining profitability[73]. - The company has established strong customer relationships with major global suppliers such as JSR and TOK, ensuring long-term stability in supplier relationships[33].

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 - 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 - 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].

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].

Financial Performance - Total revenue for Q1 2019 was ¥183,839,389.25, representing a 9.72% increase compared to ¥167,554,832.31 in the same period last year[7]. - Net profit attributable to shareholders decreased by 10.18% to ¥33,027,842.91 from ¥36,771,501.51 year-on-year[7]. - Net profit excluding non-recurring gains and losses fell by 18.14% to ¥29,151,288.67 compared to ¥35,613,005.54 in the previous year[7]. - Basic earnings per share decreased by 14.83% to ¥0.1218 from ¥0.1430 year-on-year[7]. - The net profit attributable to the parent company was CNY 33,027,842.91, a decline of 10.1% from CNY 36,771,501.51 in the same quarter last year[40]. - The total comprehensive income for the period was CNY 32,092,364.93, down 10.0% from CNY 35,927,473.34 year-over-year[40]. - The total profit for the period was CNY 38,382,498.65, down 9.0% from CNY 42,134,782.19 year-over-year[39]. - The company's operating profit for Q1 2019 was CNY 38,202,731.34, a decrease of 7.5% compared to CNY 41,585,172.84 in the previous year[39]. Cash Flow - Net cash flow from operating activities increased by 26.13% to ¥34,170,457.18 from ¥27,090,570.23 in the same period last year[7]. - Cash received from operating activities increased by 307.31% to ¥10,271,009.00, mainly due to the receipt of project bidding deposits[16]. - The net cash flow from operating activities was 34,170,457.18 CNY, an increase from 27,090,570.23 CNY in the previous period, representing a growth of approximately 26.5%[47]. - The total cash inflow from operating activities was 79,232,415.55 CNY, significantly higher than 26,651,845.02 CNY in the previous period[50]. - The cash outflow for operating activities totaled 83,329,669.98 CNY, compared to 40,079,278.21 CNY in the previous period, indicating an increase of approximately 107.5%[51]. - The company experienced a net decrease in cash and cash equivalents of -61,204,758.17 CNY, contrasting with an increase of 8,160,241.84 CNY in the previous period[52]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,939,533,831.20, a 3.03% increase from ¥1,882,459,731.74 at the end of the previous year[7]. - The total liabilities increased to CNY 105,694,332.26 in Q1 2019 from CNY 67,597,002.65 in the previous year, indicating a rise in financial obligations[36]. - The company's total liabilities reached CNY 237,946,123.38, while total equity was CNY 1,644,513,608.36[55]. - The company's total assets as of March 31, 2019, were CNY 1,289,400,145.87, compared to CNY 1,248,201,179.61 at the end of 2018, reflecting a growth in asset base[36]. - The total non-current assets increased from RMB 967,815,689.55 to RMB 1,049,192,201.41[30]. - Current liabilities totaled CNY 232,492,711.37, including short-term borrowings of CNY 117,183,348.91[55]. Investment and Financing - The company reported an investment income of CNY 6,028,309.25, significantly higher than CNY 832,977.78 in the same period last year, reflecting improved investment performance[37]. - Interest expenses surged by 713.01% to ¥1,061,609.09, primarily due to increased borrowing to supplement working capital[16]. - The company’s short-term loans increased by 38.37% to ¥162,150,513.07, indicating a strong reliance on bank financing[16]. - The company’s cash flow from financing activities decreased by 36.10% to ¥45,000,000.00, reflecting reduced borrowing compared to the previous year[17]. - The total amount of raised funds is RMB 378,631,698.11, with RMB 132,513,858.12 already invested by March 31, 2019[23]. Shareholder Information - The top shareholder, Qian Xiaochun, holds 28.26% of the shares, with 63,076,792 shares pledged[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. - The total equity attributable to shareholders rose to CNY 1,183,705,813.61 from CNY 1,180,604,176.96, showing stability in shareholder value[36]. Research and Development - The R&D expenses for Q1 2019 were CNY 8,927,041.03, slightly down from CNY 9,285,959.89 in the previous year, indicating a focus on cost management in innovation[37]. - The company incurred research and development expenses of CNY 2,759,617.40, slightly up from CNY 2,681,007.27 in the previous year[42]. Government Support - The company received government subsidies amounting to ¥1,165,000.00 during the reporting period[8].