Financial Performance - The company's operating revenue for Q3 2021 was ¥33,120,291.90, representing a 64.71% increase compared to ¥14,449,572.40 in the same period last year[3] - Net profit attributable to shareholders was ¥1,156,219.41, a significant turnaround from a loss of ¥3,840,449.51, marking a 136.45% improvement[3] - Basic earnings per share increased to ¥0.0057 from -¥0.019, reflecting a 136.31% improvement[4] - Operating revenue for the year-to-date reached CNY 118,070,659.68, an increase of 18.08% compared to CNY 99,987,928.90 in the same period last year[8] - Net profit for the period was CNY 8,020,275.05, a significant increase of 136.39% from a net loss of CNY 22,038,776.17 in the previous year[8] - Operating profit for Q3 2021 was CNY 9,500,071.36, a significant improvement from a loss of CNY 19,570,459.26 in Q3 2020[25] - The company reported a total comprehensive income of CNY 8,020,275.05 for Q3 2021, compared to a loss of CNY 22,038,776.17 in the previous year[25] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥26,367,762.83, down 45.78% from ¥51,777,219.72[3] - Cash flow from operating activities decreased by 45.78% to CNY 26,367,762.83, mainly due to reduced collections from thermal magnetic ticket products[10] - The net cash flow from operating activities for the current period is CNY 26,367,762.83, a decrease of 45.8% compared to CNY 48,635,354.61 in the previous period[30] - The total cash inflow from investment activities is CNY 442,738,507.80, down from CNY 505,725,811.88, reflecting a decrease of 12.4%[30] - The net cash flow from investment activities is -CNY 15,247,774.42, an improvement from -CNY 66,309,395.26 in the previous period[30] - The cash flow from operating activities totaled CNY 117,999,992.64, a decrease of 35.3% from CNY 182,233,134.71 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥820,129,242.77, a decrease of 2.15% from ¥838,115,035.59 at the end of the previous year[4] - Total liabilities decreased by 64.68% to CNY 420,823.22, primarily due to a reduction in advance receipts[8] - The company's total current assets decreased to CNY 384,481,414.27 from CNY 467,740,485.54 at the end of 2020, representing a decline of approximately 17.8%[17] - The company's cash and cash equivalents decreased to CNY 52,286,026.04 from CNY 63,136,375.03, a reduction of about 17.3%[17] - The company's inventory decreased significantly from CNY 64,267,894.07 to CNY 48,177,766.61, reflecting a decrease of approximately 25.0%[18] - The total liabilities decreased from CNY 838,115,035.59 to CNY 820,129,242.77, indicating a reduction of about 2.1%[18] - The company’s total assets as of September 30, 2021, were CNY 820,129,242.77, a slight decrease from CNY 838,115,035.59 at the end of 2020[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,627, with the largest shareholder, China Lucky Group, holding 30.61%[11] - The total equity attributable to shareholders of the parent company increased to CNY 649,128,230.35 from CNY 643,006,708.09 year-over-year, indicating a slight growth in shareholder value[24] Other Financial Metrics - The weighted average return on equity rose to 0.17% from -0.58%, indicating a 142.85% increase[4] - The company reported a significant reduction in receivables, with notes receivable decreasing by 100% to ¥0.00 from ¥734,795.10[6] - Research and development expenses for Q3 2021 were CNY 22,525,546.19, down from CNY 26,087,008.12 in the same quarter last year, suggesting a focus on cost management[23] - Long-term borrowings rose by 50.00% to CNY 60,000,000.00, reflecting increased borrowings by the company’s subsidiary[8] - Investment income dropped by 62.29% to CNY 3,131,788.93, mainly due to decreased financial management income[8] - Other income surged by 425.26% to CNY 1,428,767.82, mainly due to increased government subsidies received[8]

Financial Performance - The company reported a net profit of negative value for the year 2020, with operating revenue below 100 million RMB, triggering delisting risk warnings according to Shenzhen Stock Exchange regulations[7]. - The company's operating revenue for the reporting period was CNY 84,950,367.78, representing a 6.35% increase compared to CNY 79,879,839.08 in the same period last year[32]. - The net profit attributable to shareholders was CNY 4,965,302.85, a significant turnaround from a loss of CNY 21,690,981.16 in the previous year, marking a 124.98% improvement[32]. - The net cash flow from operating activities decreased by 53.92% to CNY 16,917,792.98, down from CNY 36,418,167.68 in the previous year[32]. - The total profit for the reporting period was ¥8,303,622.08, a significant increase of 148.58% compared to a loss of ¥17,093,680.15 in the previous year[56]. - Net profit rose to ¥6,861,118.40, marking a 135.85% increase from a loss of ¥19,139,603.99 in the same period last year[56]. - The company's revenue for the reporting period was ¥84,950,367.78, representing a year-on-year increase of 6.35%, primarily driven by significant growth in electronic functional materials and fine chemical materials[55]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management[122]. Product Development and Market Position - New product development includes electromagnetic wave protection films and pressure testing films, but these have not yet significantly impacted overall business performance[10]. - The company is focusing on the development of new products, including improved electromagnetic wave shielding films and automotive interior films, with several products entering customer validation stages[40]. - The company holds a leading position in the domestic market for magnetic strips, with over 50% market share, and is one of the four major global manufacturers in this field[40]. - Sales revenue from electromagnetic shielding films and pressure testing films increased by 81.07% compared to the previous year[44]. - The company is actively expanding its electronic functional materials business to enhance its competitive edge in sustainable development[40]. - The company has developed new antioxidant products and is optimizing UV-100 processes, achieving expected performance targets[40]. Risks and Challenges - The company is facing risks related to the decline in demand for magnetic stripe cards due to EMV migration, which may affect future revenue[9]. - The company’s stock is subject to significant volatility risks due to its financial performance and regulatory warnings[15]. - The production capacity of the new industrial base for rubber and plastic additives is at risk due to the relocation of the Baoding plant, which has been shut down since June 2021[100]. - The company is committed to enhancing its core technology and product development capabilities to navigate market challenges and improve its competitive position[97]. - The company is focusing on cost control and quality improvement to mitigate risks associated with new product sales not meeting expectations[99]. Research and Development - The company has a comprehensive system for new product R&D, raw material procurement, production, quality inspection, and product marketing[47]. - The company has invested significantly in R&D, resulting in a total of 41 patents, including 31 invention patents and 10 utility model patents[52]. - The company has established a complete R&D and quality management system, ensuring the stability and safety of its production processes[51]. - The company continues to enhance its technological innovation capabilities by attracting experienced talent to strengthen its R&D and production teams[52]. Environmental and Regulatory Compliance - The company is classified as a key pollutant discharge unit, with wastewater treatment meeting the required standards[108]. - The company achieved wastewater treatment compliance with ammonia nitrogen at 0.07 mg/L and petroleum at 0.06 mg/L, meeting the Class III standard[109]. - The company has implemented a VOCs online monitoring system for real-time data upload to environmental authorities, enhancing regulatory compliance[111]. - The company has made significant investments in environmental protection facilities, including upgrades to existing waste gas treatment systems[111]. - The company obtained the Urban Sewage Discharge Permit on December 30, 2020, valid until December 29, 2025, and the National Pollutant Discharge Permit on January 11, 2021, valid until January 10, 2024[115]. Future Outlook and Strategic Plans - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 10% to 12%[124]. - The company plans to enter new international markets, with a focus on Southeast Asia, aiming for a 15% market penetration by 2023[126]. - A strategic acquisition is planned, aimed at enhancing the company's technological capabilities and expected to be completed by Q4 2021[123]. - The company has committed to investing 100 million RMB in R&D for new technologies over the next two years[124]. - The company aims to enhance its market presence through new product development and technological advancements[131]. Financial Management and Shareholder Relations - The company does not plan to distribute cash dividends or issue bonus shares for the current fiscal year[16]. - The company plans to maintain a cash dividend ratio of no less than 20% of the total distributable profit[130]. - The company has committed to repurchasing shares if the stock price falls below the net asset value per share within 20 trading days[129]. - The company has fulfilled its commitments regarding shareholding and compliance with regulations[118]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[138].

Financial Performance - The company reported a revenue of 131.05 million yuan in 2020, a decrease of 60.74% year-on-year[7]. - The net profit attributable to the company was a loss of 25.17 million yuan in 2020[7]. - The company's operating revenue for 2020 was ¥131,049,777.63, a decrease of 60.74% compared to ¥333,817,455.11 in 2019[40]. - The net profit attributable to shareholders for 2020 was -¥25,172,866.50, representing a decline of 121.84% from ¥115,242,189.47 in 2019[40]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥42,374,347.80, down 144.11% from ¥96,061,856.66 in 2019[40]. - The net cash flow from operating activities for 2020 was ¥38,890,892.60, a decrease of 56.45% compared to ¥89,293,368.80 in 2019[40]. - The audited net profit for 2020 was negative, and revenue was below 100 million RMB, triggering delisting risk warnings from the Shenzhen Stock Exchange[24]. - The company's total revenue for 2020 was approximately ¥131.05 million, a decrease of 60.74% year-on-year[89]. - The company's sales revenue decreased by 23.66% year-on-year due to the impact of the COVID-19 pandemic on the European market[60]. Product Performance - Sales revenue from the main products, thermal sensitive magnetic tickets and magnetic strips, decreased by 76.20% due to the impact of the pandemic and halted production[8]. - Revenue from information anti-counterfeiting materials was ¥60.78 million, representing 46.38% of total revenue, down 76.20% year-on-year[90]. - Revenue from electronic functional materials increased by 21.17% year-on-year, indicating progress in new product development[11]. - The company's revenue from information anti-counterfeiting materials, primarily thermal magnetic tickets and magnetic stripes, decreased by 76.20% year-on-year, leading to a net loss of RMB 28.91 million[54]. - The company's main products in electronic functional materials, including electromagnetic wave shielding films and pressure testing films, saw a sales revenue increase of 21.17% compared to the previous year[57]. Acquisitions and Business Expansion - The acquisition of 71.0355% of LeKai Chemical was completed in December 2020, expanding the company's business into fine chemical materials[20]. - The company acquired a 71.0355% stake in LeKai Chemical through cash transactions in December 2020, constituting a business combination under common control[43]. - The company has expanded its main business into fine chemical materials by acquiring LeKai Chemical, focusing on light stabilizers and antioxidants[57]. - The company’s acquisition of Lekai Chemical is expected to enhance its sustainable development capabilities and expand its operational scale[99]. Research and Development - The company is focusing on R&D for new products such as automotive interior films and electromagnetic shielding films[11]. - The company is actively developing new products such as improved electromagnetic wave shielding films and automotive interior films, which have entered the customer trial verification phase[54]. - R&D investment amounted to 39.51 million yuan, representing a year-on-year growth of 4.78% and accounting for 30.15% of total revenue[72]. - The company has maintained stable import and export tax policies, which have not affected its operations[85]. - The company has established a complete R&D, procurement, production, quality inspection, and marketing system to ensure operational independence[60]. Market Risks and Challenges - The company faces risks of continued losses due to the ongoing suspension of the thermal sensitive magnetic ticket production line[15]. - The EMV migration is expected to decrease the demand for magnetic strips, potentially impacting future revenue[21]. - The company is facing risks of declining sales prices and potential lower sales volume and product profits due to increasing market competition[24]. - The demand for magnetic stripe cards is decreasing, which may affect future revenue[24]. - New projects faced delays in completion due to COVID-19 and other factors, impacting product launch timelines[24]. - The company faced a significant decline in orders for thermal magnetic ticket products due to the accelerated promotion of electronic tickets and the impact of the pandemic[70]. Financial Position and Assets - The total assets at the end of 2020 were ¥838,115,035.59, a decrease of 4.37% from ¥876,389,436.72 at the end of 2019[40]. - The net assets attributable to shareholders at the end of 2020 were ¥643,006,708.09, down 16.15% from ¥766,824,565.81 at the end of 2019[40]. - The company's fixed assets increased to ¥159.92 million, accounting for 19.08% of total assets, up from 15.85% in the previous year[121]. - The company experienced a decrease in accounts receivable by 6.35% to ¥28.06 million, attributed to reduced sales due to the pandemic[121]. Operational Efficiency - The production capacity utilization for information anti-counterfeiting materials was 14.25%, while electronic functional materials had a utilization rate of 5.87%[80]. - The production volume of information anti-counterfeiting materials was 256.47 million square meters, while sales volume was 352.15 million square meters, indicating a significant drop in production due to external factors[94]. - The company has established a dedicated sales department for its products, employing both direct sales and distribution strategies[85]. Environmental and Social Responsibility - The company emphasizes environmental protection, achieving zero wastewater discharge in its main products and low VOC emissions in some products[64]. - The company is recognized as a national high-tech enterprise, continuously increasing investment in product R&D and improving its comprehensive R&D capabilities[64].

Financial Performance - The company's operating revenue for Q1 2021 was ¥43,404,299.87, a decrease of 13.46% compared to ¥50,152,573.75 in the same period last year[8]. - The net profit attributable to shareholders was ¥207,311.59, representing a significant decline of 98.24% from ¥11,757,502.04 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,240.89, a decrease of 100.17% compared to ¥9,106,696.50 in the same period last year[8]. - The net cash flow from operating activities was ¥1,889,964.79, down 88.20% from ¥16,015,420.84 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.0010, a decrease of 98.28% from ¥0.0580 in the same period last year[8]. - The weighted average return on net assets was 0.03%, down from 1.52% in the previous year[8]. - The company reported a revenue of 43,404,299.87 CNY for the first quarter of 2021, a decrease of 13.46% compared to the same period last year[26]. - Net profit for the first quarter of 2021 was 1,185,555.96 CNY, representing a decline of 90.36% year-on-year[22]. - The total profit decreased by 87.74% to 1,785,814.84 CNY, attributed to a decline in thermal sensitive ticket revenue and gross profit[22]. - The company’s cash flow from operating activities decreased by 53.92% to 34,053,192.77 CNY, mainly due to reduced income and collections[25]. - The company’s investment income dropped by 93.42% to 152,342.81 CNY, primarily due to a decrease in financial product purchases[22]. - The company achieved a net profit of 1.1856 million, with a net profit attributable to the parent company of 0.2073 million, indicating a slight surplus[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥855,142,251.30, an increase of 2.03% from ¥838,115,035.59 at the end of the previous year[8]. - The net assets attributable to shareholders at the end of the reporting period were ¥643,214,019.68, a slight increase of 0.03% from ¥643,006,708.09 at the end of the previous year[8]. - The total liabilities of the company were CNY 180,027,675.08, compared to CNY 164,186,015.33 at the end of 2020, marking an increase of around 9.7%[72]. - The company's total equity reached CNY 675,114,576.22, up from CNY 673,929,020.26, showing a slight increase of about 0.2%[75]. - Accounts receivable increased to CNY 41,386,656.63 from CNY 28,059,051.16, indicating a significant rise of about 47.5%[68]. - Inventory decreased to CNY 55,221,482.60 from CNY 64,267,894.07, reflecting a decline of approximately 14.1%[68]. - The total liabilities to equity ratio increased to approximately 26.67% from 24.39%, indicating a rise in financial leverage[72]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,535, with the largest shareholder, China Lucky Group, holding 30.61% of the shares[12]. Government Support - The company received government subsidies amounting to ¥8,893.45 during the reporting period[8]. Market and Product Development - The company is focusing on accelerating the development and market expansion of new products in electronic functional materials and fine chemical materials[26]. - The company is actively expanding its electronic materials R&D and construction projects, including the Sichuan Meishan electronic materials R&D base[31][34]. - The company is committed to increasing R&D investment to enhance product quality and control costs while expanding its market presence[39]. - The company is developing new products such as electromagnetic wave protection films and pressure testing films, but faces risks of lower-than-expected sales and profit margins due to market competition[39]. - The company aims to enhance its competitive edge in electronic functional materials and fine chemical materials through increased R&D investment and market expansion efforts[36]. Risks and Challenges - The company faces delisting risk due to a negative audited revenue figure below 100 million yuan, which may trigger regulatory actions[34]. - The "thermal magnetic ticket production line" remains shut down, posing a risk of continued losses for the company[35]. - The company has been under risk warning since September 15, 2020, due to significant impacts on its operations and potential delisting risks[41]. - The cumulative net profit until the next reporting period may still face the possibility of loss compared to the previous year[58]. Cash Flow and Investment - Cash flow from operating activities generated ¥1,889,964.79, down from ¥16,015,420.84 in the previous period, a decrease of 88.2%[102]. - Total cash inflow from investment activities was ¥76,414,292.04, compared to ¥128,744,153.58 in the previous period, a decline of 40.7%[103]. - The ending balance of cash and cash equivalents is ¥62,052,117.29, an increase from ¥34,599,873.75 in the previous period[103]. - The company received $67,829.63 in tax refunds during the period, with no prior year data available[106]. - Total cash inflow from operating activities was $15,988,445.57, significantly lower than $59,461,813.27 in the previous period, marking a decline of about 73%[106].

Financial Performance - The company reported a revenue of 131.05 million yuan in 2020, a decrease of 60.74% year-on-year[7]. - The net loss attributable to the company for 2020 was 25.17 million yuan, with a significant decline in sales revenue from its main products, thermal sensitive magnetic tickets, down by 76.20%[8]. - The company’s operating revenue for 2020 was ¥131,049,777.63, a decrease of 60.74% compared to ¥333,817,455.11 in 2019[41]. - The net profit attributable to shareholders for 2020 was -¥25,172,866.50, representing a decline of 121.84% from ¥115,982,148.21 in 2019[41]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥42,374,347.80, down 144.11% from ¥96,801,815.40 in 2019[41]. - The cash flow from operating activities was ¥38,890,892.60, a decrease of 56.45% compared to ¥89,709,952.20 in 2019[41]. - The total assets at the end of 2020 were ¥838,115,035.59, a decrease of 4.37% from ¥876,389,436.72 at the end of 2019[41]. - The net assets attributable to shareholders at the end of 2020 were ¥643,006,708.09, down 16.15% from ¥766,824,565.81 at the end of 2019[41]. - The basic earnings per share for 2020 was -¥0.1242, a decline of 121.84% from ¥0.5724 in 2019[41]. - The diluted earnings per share for 2020 was also -¥0.1242, reflecting the same percentage decline as basic earnings per share[41]. - The company’s stock is at risk of being delisted due to the financial performance in 2020, with revenue expected to fall below 100 million yuan after excluding unrelated business income[16]. - In 2020, the company's audited net profit was negative, and operating revenue was below 100 million RMB, triggering delisting risk warnings from the Shenzhen Stock Exchange[26]. Business Expansion and Acquisitions - The acquisition of 71.0355% of LeKai Chemical, which specializes in fine chemicals, was completed in December 2020, expanding the company's business scope[20]. - The company acquired a 71.0355% stake in Baoding Lekai Chemical Co., expanding its business scope into fine chemical materials, which generated revenue of CNY 42.1668 million, accounting for 32.18% of total revenue[111]. - The company has expanded its business into fine chemical materials by acquiring LeKai Chemical, focusing on light stabilizers and antioxidants[56]. - The company acquired 71.0355% of the equity of Lekai Chemical through cash transactions in December 2020, which constituted a business combination under common control[45]. Product Development and Market Trends - The sales revenue from electronic functional materials increased by 21.17% year-on-year, indicating progress in new product development despite overall revenue decline[11]. - The company has increased R&D investments in new products such as automotive interior films and electromagnetic wave shielding films to adapt to market changes[11]. - The company developed new products such as electromagnetic wave protection films and pressure testing films, but these have not significantly impacted operational performance yet[25]. - The company is actively pursuing technological innovation and market expansion to enhance its competitive edge in sustainable development[56]. - The company aims to increase its market share in electronic functional materials, including electromagnetic wave shielding films and pressure testing films[80]. - The company is focusing on resource mergers and acquisitions to enhance its competitive edge and ensure sustainable development[80]. - The company aims to become a leader in the new materials industry, focusing on electronic functional materials and fine chemical materials[197]. - The company plans to accelerate the construction of two industrial bases: the Sichuan Meishan electronic materials R&D base and the Cangzhou Lingang economic development zone rubber and plastic additives industrialization base, targeting production by the end of 2021[198]. Challenges and Risks - The company is facing risks of continued losses due to the ongoing suspension of the thermal sensitive magnetic ticket production line and changes in market demand[15]. - The implementation of EMV migration is expected to decrease the demand for magnetic stripe products, potentially impacting future revenue[21]. - The company is facing risks related to the completion of new projects, which were delayed due to COVID-19 and other factors, affecting product launch timelines[25]. - The company reported a significant decline in orders for thermal magnetic ticket products due to the pandemic, leading to a substantial drop in revenue and a loss situation[79]. - The company’s thermal sensitive magnetic ticket products are primarily used in the domestic railway passenger transport sector, with demand significantly decreasing due to the promotion of electronic tickets[187]. Research and Development - The R&D investment amounted to 39.51 million yuan, a year-on-year increase of 4.78%, accounting for 30.15% of total revenue[82]. - The company holds 39 patents, including 29 invention patents and 10 utility model patents, enhancing its technological innovation capabilities[75]. - R&D personnel accounted for 23.22% of the total workforce, with a total of 85 R&D staff[119]. - The company is committed to optimizing production processes for electronic functional materials, particularly electromagnetic wave shielding films and pressure testing films, to meet high-quality standards[200]. - The company plans to strengthen its talent pool and optimize its organizational structure to support its strategic development[200]. Financial Management and Investments - The company plans not to distribute cash dividends or issue bonus shares, indicating a focus on financial stability amid challenges[26]. - The company’s management expenses increased by 47.21% to CNY 28.603 million, primarily due to losses from the shutdown of the thermal ticket production line[117]. - The company’s financial expenses surged by 217.98% to CNY 1.633 million, mainly due to increased exchange losses[117]. - The company’s cash and cash equivalents increased by 159.75% to CNY 17.976 million, reflecting improved liquidity[124]. - The company reported a total of CNY 364,086,108.44 in other income, with a loss of CNY 1,553,383.28 during the reporting period[145]. Market Conditions - The company is the largest producer of magnetic stripes in China, holding over 50% market share domestically and being one of the top four producers internationally[57]. - The FPC market in China was valued at approximately $5.82 billion in 2018, with a significant growth trend expected for electromagnetic shielding films due to the expansion of consumer electronics and automotive electronics[61]. - The pressure testing film market in China reached approximately 473 million yuan in 2015, with a projected growth trajectory as industries stabilize and enhance production technologies[62]. - The global automotive interior film market size was $380 million in 2017, with a significant decline in China's automotive sales from 2018 to 2020 due to policy and COVID-19 impacts[188].

Financial Performance - Operating revenue for the reporting period was ¥14,449,572.40, representing a decline of 80.49% year-on-year[8]. - Net profit attributable to shareholders was ¥-3,840,449.51, down 113.42% compared to the same period last year[8]. - Basic earnings per share for the reporting period was ¥-0.0190, a decrease of 113.46% year-on-year[8]. - The weighted average return on net assets was -0.58%, down 5.11% compared to the previous year[8]. - The net profit for the period was -25,531,430.67, down 133.25% from 76,778,700.93 year-over-year, largely due to reduced sales in anti-counterfeiting materials[23]. - The total profit for the current period is a loss of ¥3,856,305.71, compared to a profit of ¥33,191,063.63 in the previous period, representing a decline of approximately 111.6%[64]. - The company anticipates a substantial decline in revenue and net profit for the fiscal year 2020, with a projected revenue of approximately ¥71 million, down from ¥278.58 million in the previous year, representing a decrease of 74.5%[30]. - The net profit attributable to shareholders is expected to be a loss of ¥30 million, a decrease of 127.37% compared to the previous year's profit of ¥109.61 million[30]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥698,228,691.41, a decrease of 5.66% compared to the end of the previous year[8]. - Total liabilities decreased from ¥48,516,386.56 to ¥36,780,028.45, a decline of about 24.2%[47]. - Owner's equity decreased from ¥691,585,092.94 to ¥661,448,662.96, a decrease of approximately 4.4%[50]. - Total current assets amounted to ¥463.95 million, a decrease from ¥519.55 million at the end of the previous period[41]. - Total liabilities reached ¥48,366,522.03, with current liabilities at ¥30,281,638.31 and non-current liabilities at ¥18,084,883.72[119]. Cash Flow - The net cash flow from operating activities was ¥15,359,052.04, a decrease of 14.57% compared to the same period last year[8]. - The company reported a 212.21% increase in net cash generated from cash and cash equivalents, totaling 6,622,409.46 compared to -5,901,943.58 in the previous year[23]. - Cash inflow from operating activities totaled 143,217,895.56, a decrease of 29.6% from 203,545,678.75 in the previous period[93]. - Cash outflow from operating activities was 91,440,675.84, down from 149,058,971.10, resulting in a net cash flow from operating activities of 51,777,219.72[93]. - The net increase in cash and cash equivalents was 6,622,409.46, compared to a decrease of -5,901,943.58 in the previous period[96]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,344[12]. - The largest shareholder, China Lucky Group Company, held 30.61% of the shares, totaling 62,023,754 shares[12]. - The company has declared a cash dividend of ¥0.25 per share, totaling ¥4.605 million, based on a total share capital of 184.2 million shares[31]. Operational Challenges - The thermal magnetic ticket production line has been suspended since June 2020, with no orders received, leading to significant adverse effects on revenue, cash flow, and operating profit[29]. - The company is facing a risk of being delisted due to the significant impact of the suspension of thermal magnetic ticket production on its financial performance[32]. - The company’s management expenses increased by 98.85% to 16,186,785.16 from 8,140,289.74 year-over-year, primarily due to losses from the shutdown of the thermal magnetic ticket production line[23]. Other Financial Metrics - Cash and cash equivalents increased by 44.61% to 16,152,450.75 from 11,169,340.69 year-over-year[21]. - Accounts receivable decreased by 82.41% to 14,215,258.40 from 80,811,292.25 year-over-year due to improved collection from major clients[21]. - Research and development expenses for the current period are ¥6,718,817.64, slightly down from ¥6,998,631.90 in the previous period, reflecting a decrease of about 4%[62]. - The company reported investment income of ¥2,720,490.75 for the current period, a substantial increase from ¥238,207.72 in the previous period, showing an increase of approximately 1034.5%[62].

Revenue and Profitability - The company's operating revenue for the reporting period was ¥55,872,420.45, a decrease of 54.94% compared to ¥123,998,737.43 in the same period last year[34]. - The net profit attributable to shareholders was -¥21,690,981.16, representing a decline of 145.03% from ¥48,170,658.60 in the previous year[34]. - The net profit after deducting non-recurring gains and losses was -¥26,446,226.23, down 158.29% from ¥45,370,533.64 year-on-year[34]. - The company's net profit for the reporting period was -¥21,690,981.16, a decrease of 145.03% compared to the same period last year, largely due to the decline in sales revenue from anti-counterfeiting materials[61]. - Total operating revenue for the first half of 2020 was ¥55,872,420.45, a decrease of 55.1% compared to ¥123,998,737.43 in the first half of 2019[199]. - Net profit for the first half of 2020 was a loss of ¥21,690,981.16, compared to a profit of ¥48,170,658.60 in the same period of 2019, indicating a significant decline[197]. Sales and Market Trends - The company's thermal magnetic ticket sales accounted for 70.59% of total revenue in 2019, indicating a heavy reliance on this product[8]. - Due to the promotion of electronic tickets, the demand for thermal magnetic tickets is expected to decline significantly, impacting future orders from China National Railway Group[7]. - The company has halted production of its thermal magnetic ticket production line due to sufficient inventory and halted customer demand, leading to potential ongoing losses[8]. - The ongoing COVID-19 pandemic has further exacerbated risks related to reduced travel and changes in travel behavior, impacting overall business performance[7]. - Sales revenue from anti-counterfeiting materials was ¥45,627,500, a decrease of 60.54% year-on-year[54]. - The sales revenue of thermal magnetic tickets decreased by 64.29% year-on-year, amounting to 55.025 million CNY, primarily due to the impact of the COVID-19 pandemic and the promotion of electronic tickets[63]. Product Development and R&D - The company is actively developing electronic functional materials, including electromagnetic wave protection films and pressure testing films, although these products are still in the trial production phase[46]. - New product sales, such as electromagnetic wave protection films, have not yet significantly impacted the company's financial performance, posing risks to future sales expectations[11]. - Research and development investment increased by 37.55% year-on-year to ¥16,704,795.56, reflecting the company's commitment to enhancing its R&D capabilities[59]. - The company aims to enhance its competitive edge by adjusting its product structure and focusing on two major business segments: information anti-counterfeiting materials and electronic functional materials[95]. - The company plans to increase R&D investment to optimize new product processes and improve product quality while controlling costs[100]. Financial Position and Assets - The company's total assets at the end of the reporting period were ¥712,529,544.91, a decrease of 3.73% from ¥740,101,479.50 at the end of the previous year[34]. - The company's net assets attributable to shareholders decreased by 3.80%, from ¥691,585,092.94 to ¥665,289,111.78[34]. - The company's fixed assets increased by 14.42% compared to the end of the previous year, primarily due to construction projects being transferred to fixed assets[47]. - Accounts receivable decreased by 60.81% compared to the end of the previous year, attributed to a reduction in sales revenue[47]. - The total amount of raised funds is RMB 11,153.01 million, with RMB 510.01 million invested during the reporting period and a cumulative investment of RMB 3,774.21 million[73]. Risks and Uncertainties - The company faces major uncertainties regarding its ability to continue as a going concern due to potential ongoing losses and adverse market conditions[8]. - The stock price may experience significant volatility due to changes in the market for thermal magnetic tickets and new electronic functional materials[12]. - The company is facing risks due to the concentration of the thermal magnetic ticket market and the promotion of electronic tickets, which may lead to a significant decline in demand for thermal magnetic tickets[94]. - The implementation of EMV migration policies is expected to decrease the demand for magnetic stripe cards, which may adversely affect future revenue[9]. Environmental and Social Responsibility - The company reported a wastewater COD concentration of 22 mg/L, well below the standard limit of 50 mg/L[127]. - The total nitrogen concentration in wastewater was 14.27 mg/L, adhering to the standard limit of 15 mg/L[129]. - The company has established a wastewater treatment plant that has been operational since January 2015[130]. - The company has a zero incident record for exceeding environmental discharge standards during the reporting period[134]. - The company has not engaged in any poverty alleviation work in the first half of 2020 and has no plans for future initiatives[135].

证券代码：300446 证券简称：乐凯新材 公告编号：2020-046 保定乐凯新材料股份有限公司 关于参加河北辖区上市公司 2020 年度投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2020 年 6 月 12 日（周五）下午 15:50-17:00 参加河北证监局举办的"河北辖区上市公司 2020 年 度投资者网上集体接待日活动"。 本次投资者网上集体接待日将在深圳市全景网络有限公司提供的网上平台 采取网络远程的方式举行，投资者可以登录"河北辖区上市公司投资者关系互动 平台"（http://rs.p5w.net）参与交流。 出席本次投资者网上集体接待日的人员有：公司董事长侯景滨先生、常务副 总经理兼董事会秘书周春丽女士。 欢迎广大投资者积极参与。 特此公告。 保定乐凯新材料股份有限公司董事会 2020 年 6 月 8 日 ...

Financial Performance - The company's operating revenue for 2019 was ¥278,580,163.96, an increase of 5.34% compared to ¥264,459,595.89 in 2018[28]. - The net profit attributable to shareholders for 2019 was ¥109,606,073.33, reflecting a growth of 6.35% from ¥103,062,780.20 in 2018[28]. - The net profit after deducting non-recurring gains and losses was ¥95,234,621.26, a decrease of 1.96% compared to ¥97,134,722.84 in 2018[28]. - The net cash flow from operating activities decreased by 18.20% to ¥89,582,109.16 from ¥109,518,814.61 in 2018[28]. - Total assets at the end of 2019 reached ¥740,101,479.50, an increase of 11.62% from ¥663,031,717.81 at the end of 2018[28]. - The company's net assets attributable to shareholders increased by 11.76% to ¥691,585,092.94 at the end of 2019 from ¥618,819,019.61 at the end of 2018[28]. - The company's total revenue for 2019 was approximately ¥278.58 million, representing a year-over-year increase of 5.34% compared to ¥264.46 million in 2018[57]. - Revenue from information anti-counterfeiting materials was approximately ¥255.39 million, accounting for 91.68% of total revenue, with a slight decrease of 0.86% from the previous year[57]. - Revenue from electronic functional materials reached approximately ¥23.19 million, showing significant growth of 238.71% compared to ¥6.85 million in 2018[57]. - The company's R&D expenses for the year amounted to approximately ¥33.66 million, reflecting a year-over-year increase of 17.66%[52]. Dividend Distribution - The profit distribution plan approved by the board includes a cash dividend of 0.25 RMB per 10 shares and a stock bonus of 1 share per 10 shares[14]. - The cash dividend accounted for 20.00% of the total distributable profit of RMB 421,556,429.71[126]. - In the past three years, the cash dividend amounts were RMB 49,120,000.00 in 2017, RMB 36,840,000.00 in 2018, and RMB 4,605,000.00 in 2019, representing 47.06%, 35.75%, and 4.20% of the net profit attributable to ordinary shareholders respectively[129]. - The company has a policy to distribute at least 20% of the distributable profit as cash dividends when in a growth phase with significant capital expenditure[126]. - The total share capital as of December 31, 2019, was 184,200,000 shares[126]. - The company issued 1 bonus share for every 10 shares held in 2019[126]. - The cash dividend distribution plan must be approved by the shareholders' meeting and requires a two-thirds majority vote[124]. - The company emphasizes a stable and continuous profit distribution policy, prioritizing cash dividends[125]. - The board of directors must consider various factors, including industry characteristics and major capital expenditure plans, when proposing dividend policies[125]. - The company has not made any cash dividend distribution decisions that deviate from its established policy during the reporting period[125]. Research and Development - The company has developed new products such as electromagnetic wave protection films and pressure testing films, but these have not yet significantly impacted overall performance[11]. - The company is actively expanding its product development in electromagnetic wave protection films and pressure testing films, which are in the growth stage of the market[43]. - The company's R&D investment for the reporting period was ¥33,663,525.80, a year-on-year increase of 17.66%, representing 12.08% of operating revenue[69]. - The number of R&D personnel increased to 73, accounting for 25.80% of the total workforce[70]. - The company reported a significant increase in R&D efforts to develop new products and enhance existing technologies[114]. - The company plans to increase R&D investment to improve core competitiveness and expedite the market development of pressure testing films and electromagnetic shielding films[114]. - The company intends to optimize production processes and improve product quality, particularly for electromagnetic shielding films and pressure testing films[114]. Market Trends and Risks - The implementation of EMV migration is expected to lead to a decline in demand for magnetic stripe cards, potentially impacting future revenue[9]. - The market for thermal magnetic ticket products is concentrated in the domestic railway passenger transport sector, with a significant risk of demand decline due to the promotion of electronic tickets[10]. - The company anticipates a decline in demand for thermal magnetic tickets due to the promotion of new electronic ticketing systems, which may lead to uncertainty in future sales[109]. - The railway passenger volume is projected to reach 4 billion trips annually, with a growth rate of 9.5%, indicating a stable demand for thermal magnetic tickets in the short term[109]. - The company is positioned within a competitive landscape for magnetic stripe products, with a focus on expanding its market share in high-end segments[110]. Asset Management - Fixed assets increased by 39.27% at the end of 2019 compared to the beginning of the year, primarily due to the capitalization of the R&D center[44]. - Intangible assets increased by 74.47% at the end of 2019 compared to the beginning of the year, mainly due to land purchases by the Sichuan subsidiary[44]. - Deferred tax assets increased by 530.22% at the end of 2019 compared to the beginning of the year, primarily due to adjustments in deferred income tax expenses[47]. - Accounts payable increased by 108.77% at the end of 2019 compared to the beginning of the year, driven by increased purchases of raw materials and equipment[47]. - The total amount of accounts receivable at the end of 2019 was ¥80,811,292.25, representing 10.92% of total assets[76]. - Inventory increased to ¥47,263,513.46, representing a 6.39% increase compared to the previous year[79]. - Trading financial assets surged to ¥364,086,108.44, marking a 49.19% increase due to the adoption of new financial instrument standards[79]. - Other current assets fell to ¥9,154,810.66, a significant decrease of 51.80% attributed to the new financial instrument standards[79]. Compliance and Commitments - The company has committed to avoid any competition with its subsidiary, ensuring that neither it nor its controlled enterprises will engage in similar business activities as the subsidiary[136]. - The company has pledged to compensate any losses incurred by the subsidiary due to violations of the commitments made regarding competition[139]. - The company has a long-term commitment to adhere strictly to the information disclosure requirements in the prospectus, ensuring no misleading statements or omissions[145]. - The company has committed to not utilize its controlling position to harm the interests of the subsidiary or its shareholders[148]. - The company will notify the subsidiary in writing about any share reduction plans and will disclose this information three trading days prior to the reduction[144]. - The company has established a commitment to compensate investors for any direct losses resulting from false records or misleading statements in the prospectus[133]. - The company has committed to extend the lock-up period by an additional 6 months if the stock price falls below the issue price for 20 consecutive trading days within the first 6 months post-listing[132]. - The company has stated that it will not engage in any business activities that may compete with the subsidiary's main business[147]. - The company has committed to a maximum reduction of 50% of its shares in the subsidiary within 24 months after the lock-up period ends, with the reduction price not lower than the issue price[142]. - The company committed to avoiding related transactions with its controlling entities and will ensure fair pricing based on market standards[151]. Financial Standards and Auditing - The company has made changes to its accounting policies in accordance with the new financial instrument standards issued by the Ministry of Finance, which will not affect the comparative financial statement data[192]. - As of January 1, 2019, the book value of trading financial assets is reported as ¥351,075,995.36 under both the old and new financial instrument standards[193]. - There were no significant changes in accounting estimates during the reporting period[197]. - The company has not made any major corrections to prior period accounting errors during the reporting period[197]. - The company has appointed Zhihong Accounting Firm as its auditor, with an audit fee of ¥300,000 for the reporting period[199].

Financial Performance - Total revenue for Q1 2020 was ¥36,335,816.03, a decrease of 49.94% compared to ¥72,578,647.24 in the same period last year[8] - Net profit attributable to shareholders was ¥10,427,068.62, down 65.16% from ¥29,928,798.89 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥7,776,263.08, a decline of 73.16% compared to ¥28,975,704.89 in the previous year[8] - Basic earnings per share were ¥0.0566, down 65.17% from ¥0.1625 year-on-year[8] - The total profit decreased by 64.90% to CNY 12,359,327.51, primarily due to a decline in operating revenue and operating profit[28] - The company reported a net profit of CNY 431,983,498.33, up from CNY 421,556,429.71, indicating a growth of 2.9% in retained earnings[67] - The company reported a total profit of ¥12,359,327.51 for the current period, compared to ¥35,210,354.99 in the previous period, indicating a decrease of 64.92%[81] - The net profit for the period was 9,872,048.99, down from 29,928,777.49 in the previous period, reflecting a decline of approximately 67%[88] Cash Flow - Operating cash flow for the period was ¥14,121,506.13, an increase of 74.07% from ¥8,112,469.22 in the same period last year[8] - Cash inflows from operating activities amounted to 59,464,770.64, slightly up from 58,902,655.35 in the previous period[92] - Cash outflows from operating activities totaled 45,343,264.51, down from 50,790,186.13 in the previous period, resulting in a net cash flow from operating activities of 14,121,506.13, compared to 8,112,469.22 previously[95] - The net cash flow from investment activities was -15,536,234.16, worsening from -8,595,619.90 in the previous period[95] - The net cash flow from financing activities was -2,841,280.31, compared to a positive flow of 180,626.17 in the previous period[98] - The ending cash and cash equivalents balance was 5,336,744.00, down from 14,440,258.13 in the previous period[98] Assets and Liabilities - Total assets at the end of the period were ¥737,663,242.45, a slight decrease of 0.33% from ¥740,101,479.50 at the end of the previous year[8] - Total liabilities decreased to ¥35,651,080.89 from ¥48,516,386.56, a significant reduction of 26.5%[64] - The total equity attributable to shareholders increased to CNY 702,012,161.56 from CNY 691,585,092.94, an increase of 1.9%[67] - Total non-current assets rose to CNY 229,771,651.02 from CNY 220,550,375.82, reflecting an increase of 4.9%[61] Shareholder Information - The top shareholder, China Lucky Group Company, held 30.61% of shares, totaling 56,385,231 shares[13] - The total number of ordinary shareholders at the end of the period was 15,347[13] Research and Development - The company's research and development expenses increased by 52.82% to CNY 7,690,683.78, reflecting higher investment in R&D projects[28] - The company plans to actively expand into other application areas for magnetic stripe products to mitigate the impact of the EMV migration policy[37] - The company is developing new products such as electromagnetic wave protection films and pressure testing films, which are currently in trial production and market expansion stages[38] - The company aims to increase R&D investment and optimize new product processes to enhance product quality and control costs[39] Market Conditions - The company experienced a significant decline in sales of anti-counterfeiting materials, which dropped by 54.07% due to the impact of electronic ticket promotion and the COVID-19 pandemic[30] - The market demand for thermal magnetic ticket products is expected to decline significantly due to the promotion of electronic tickets, impacting future orders from China Railway Group[38] - The company acknowledges risks related to the potential underperformance of new product sales and increasing market competition[39] Fundraising and Investments - The total amount of raised funds is 12,335.14 million CNY, with 502.15 million CNY invested in the current quarter[46] - The project "Electronic Material R&D and Industrial Base (Phase I)" has a total investment of 9,235.14 million CNY, with 500.56 million CNY invested, representing 5.42% of the total[46] - The R&D center construction project has a total investment of 3,100 million CNY, with 3,265.79 million CNY invested, exceeding the planned investment by 105.35%[46] - The cumulative amount of changed use of raised funds is 9,235.14 million CNY, accounting for 82.80% of the total raised funds[46] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[53] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[54] - The company has not reported any issues or other situations regarding the use and disclosure of raised funds[52] - The company plans to use idle raised funds for cash management within the approved limits[52] Audit and Reporting - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[105]