证券代码：乐凯新材 证券简称：300446 保定乐凯新材料股份有限公司 投资者关系活动记录表 编号：2019-002 | --- | --- | --- | |----------------|------------------------------|---------------------------------------------------------| | | | | | | ■ 特定对象调研 | □分析师会议 | | 投资者关系 | □ 媒体采访 □业绩说明会 | | | 活动类别 | □新闻发布会 □路演活动 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | | 深圳前海互兴资产管理有限公司 林启迪 | | 人员姓名 | | 深圳前海互兴资产管理有限公司 梁润世 | | 时 间 | 2019 年 10 月 29 | 日 | | 地 点 | 公司会议室 | | | 上市公司接待人 | 董事会秘书兼副总经理：周春丽 | | | 员姓名 | 证券事务代表：苏志革 | | | 投资者关系活动 | | 1、董秘您好，我们关注到公司三季度报告中披露 2019 | ...

证券代码：乐凯新材 证券简称：300446 编号：2017-003 保定乐凯新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------------|-------------------------------------------------------| | | ■ 特定对象调研 | □分析师会议 | | 投资者关系 | □ 媒体采访 □业绩说明会 | | | 活动类别 | □新闻发布会 □路演活动 | | | | □ 其他 | （请文字说明其他活动内容） | | | 华夏基金管理有限公司 王晓李 | | | 参与单位名称 | 华夏基金管理有限公司 张城源 | | | 及人员姓名 | 华夏基金管理有限公司 庞韬 | | | | 天风证券股份有限公司 | 霍甲 | | 时 间 | 2017 年 11 月 28 日 | | | 地 点 | 公司二楼会议室 | | | 上市公司接待 | 董事会秘书兼财务总监：周春丽 | | | 人员姓名 | 证券事务代表：苏志革 | | | 投资者关系活动 | 以上人 ...

Financial Performance - Revenue for Q3 2022 was CNY 39,117,930.68, an increase of 18.11% compared to the same period last year[6] - Net profit attributable to shareholders was CNY 879,490.13, a decrease of 23.93% year-on-year[6] - Net profit excluding non-recurring items was CNY 896,465.18, an increase of 137.71% compared to the same period last year[6] - Total operating revenue for Q3 2022 was CNY 115,739,959.83, a decrease of 2.25% compared to CNY 118,070,659.68 in Q3 2021[31] - Operating profit decreased by 77.47% to CNY 2,140,343.68, primarily due to a reduction in revenue and increased operating costs[14] - Total profit fell by 76.47% to CNY 2,230,282.75, reflecting a decrease in revenue and operating costs[14] - Net profit declined by 72.26% to CNY 2,225,143.94, driven by reduced revenue and operating costs[14] - Net profit for Q3 2022 was CNY 2,225,143.94, a significant decrease of 72.24% compared to CNY 8,020,275.05 in Q3 2021[35] - Total comprehensive income for the period was 2,225,143.94, compared to 8,020,275.05 in the previous period[37] - Comprehensive income attributable to the parent company was 2,607,321.64, down from 6,121,522.26 in the previous period[37] - Basic and diluted earnings per share were both 0.0129, compared to 0.0302 in the previous period[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 810,758,926.66, a decrease of 1.97% from the end of the previous year[6] - Total assets as of September 30, 2022, were CNY 810,758,926.66, compared to CNY 827,025,298.08 at the beginning of the year[31] - Total liabilities as of September 30, 2022, were CNY 130,335,495.27, a decrease from CNY 148,827,010.63 at the beginning of the year[31] - The company's total equity as of September 30, 2022, was CNY 680,423,431.39, up from CNY 678,198,287.45 at the beginning of the year[31] - Shareholders' equity attributable to the parent company was CNY 650,601,074.68, an increase of 0.40% compared to the end of the previous year[6] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 20,413,253.20, a decrease of 22.58% year-on-year[6] - Net cash flow from operating activities was 20,413,253.20, down from 26,367,762.83 in the previous period[41] - Cash inflow from operating activities totaled 126,364,346.19, an increase from 117,999,992.64 in the previous period[38] - Cash outflow from operating activities was 105,951,092.99, compared to 91,632,229.81 in the previous period[41] - Cash flow from investing activities decreased by 93.13% to CNY -29,448,534.33, mainly due to a reduction in cash recovered from investments[14] - Net cash flow from investing activities was -29,448,534.33, worsening from -15,247,774.42 in the previous period[41] - Cash inflow from investing activities was 280,037,566.18, down from 442,738,507.80 in the previous period[41] - Cash and cash equivalents as of September 30, 2022, were CNY 30,575,768.34, down from CNY 40,105,502.96 at the beginning of the year[28] - Cash and cash equivalents at the end of the period were 27,272,692.20, down from 52,286,026.04 in the previous period[41] Expenses and Income - Financial expenses decreased significantly by 967.57% to CNY -1,697,341.83 compared to the same period last year, mainly due to increased interest income[11] - The company experienced a 90.22% decrease in investment income to CNY 306,431.20 compared to the same period last year[11] - Other income increased by 52.60% to CNY 2,180,318.63 compared to the same period last year, mainly due to government subsidies received[14] - Profit from asset disposal surged by 16,505.99% to CNY 742,053.51, attributed to increased gains from subsidiary asset disposals[14] - Research and development expenses for Q3 2022 amounted to CNY 17,825,203.12, down from CNY 22,525,546.19 in Q3 2021[35] - The company reported a financial income of CNY 306,431.20 in Q3 2022, down from CNY 3,131,788.93 in Q3 2021[35] - The company's tax expenses for Q3 2022 were CNY 5,138.81, compared to CNY 1,457,075.94 in Q3 2021[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,162, with the largest shareholder, China Lucky Group, holding 30.61%[15] - The company is in the process of issuing shares to purchase assets and raise matching funds, with related proposals approved by the board[23] Projects and Developments - The electronic materials R&D and industrial base project is in the trial production stage, with completion expected by September 30, 2022[24] Audit Information - The third quarter report was not audited[44]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥76,622,029.15, a decrease of 9.80% compared to ¥84,950,367.78 in the same period last year [40]. - The net profit attributable to shareholders was ¥1,727,831.51, down 65.20% from ¥4,965,302.85 year-on-year [40]. - The net profit after deducting non-recurring gains and losses was -¥2,850,896.58, a decline of 182.43% compared to ¥3,458,698.21 in the previous year [40]. - Basic earnings per share decreased by 65.31% to ¥0.0085 from ¥0.0245 year-on-year [40]. - The net profit for the reporting period was ¥1,306,398.81, down 80.96% from ¥6,861,118.40 in the previous year, primarily due to decreased revenue and increased operating costs [56]. - The company experienced a significant decline in profitability, with a weighted average return on net assets of only 0.27% compared to 0.77% in the previous year [40]. - The company reported a significant increase in other income, which rose by 445.72% to ¥1,736,209.10 due to increased government subsidies [59]. Cash Flow and Assets - The net cash flow from operating activities increased by 22.25% to ¥20,682,426.69 from ¥16,917,792.98 in the same period last year [40]. - Total assets at the end of the reporting period were ¥818,781,919.39, a decrease of 1.00% from ¥827,025,298.08 at the end of the previous year [40]. - The net assets attributable to shareholders increased slightly by 0.27% to ¥649,721,585.96 from ¥647,993,754.45 at the end of the previous year [40]. - Cash and cash equivalents decreased by CNY 11,980,573.22, from CNY 40,105,502.96 to CNY 28,124,929.74, a drop of 1.42% [63]. - Accounts receivable increased by CNY 20,438,250.89, from CNY 24,906,972.04 to CNY 45,345,223.13, an increase of 2.53% [63]. - Inventory increased by CNY 3,851,324.10, from CNY 50,217,909.20 to CNY 54,069,233.30, an increase of 0.53% [63]. Investment and R&D - Research and development investment decreased by 24.69% to ¥11,970,454.87 from ¥15,895,819.54 in the previous year [56]. - The company is focused on strengthening its R&D capabilities and increasing investment in new product development to improve sustainable competitiveness [93]. - The company has obtained a total of 37 invention patents and 15 utility model patents, with 20 related to new products [52]. - The company invested CNY 265,934,078.49 during the reporting period, a 9.67% increase compared to the previous year [68]. Market Position and Products - The company maintained a market share of over 50% in the domestic magnetic stripe market and is one of the four major global manufacturers in this field [50]. - New products such as pressure testing films and electromagnetic wave shielding films have been launched, with ongoing development of automotive interior films and other materials, but there are risks of lower-than-expected sales and profit margins [11]. - The company is actively developing new products, including INS automotive interior film and photosensitive dry film, with initial customer validation achieved [93]. Risks and Uncertainties - The company reported a potential risk of continuous losses due to uncertainties in future revenue and profit realization, particularly influenced by the decline in demand for magnetic stripe cards [8]. - The company anticipates potential risks related to continuous losses and uncertain future revenue from its thermal magnetic ticket production line [91]. - The company is planning to issue shares to acquire 100% of two companies, with the transaction's asset audit and evaluation still pending, leading to uncertainties in the final transaction scheme [17][18]. Environmental and Safety Compliance - The company has established wastewater treatment stations that have been operational since January 2015 and November 2021, respectively, with normal operations reported [118]. - The company has no reported cases of exceeding environmental discharge standards during the reporting period [123]. - The company has implemented a comprehensive safety production system and conducted dual certification for ISO 9001 and ISO 14001 [129]. - During the reporting period, the company invested a total of 326,000 yuan in safety production expenses, achieving "zero accidents and zero injuries" [129]. Shareholder and Regulatory Commitments - The company will accept supervision from regulatory bodies and compensate investors for losses incurred due to unfulfilled commitments [159]. - The company has committed to ensuring that the contents of the prospectus are truthful and accurate, bearing legal responsibility for any misrepresentation [152]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually, with a goal to increase cash dividend levels in the first two accounting years following the IPO [157].

保定乐凯新材料股份有限公司 2022 年第一季度报告全文 证券代码：300446 证券简称：*ST 乐材 公告编号：2022-028 保定乐凯新材料股份有限公司 2022 年第一季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|----------------|----------------|---------------------------| | □ 是 √ 否 | 本报告期 ...

Financial Performance - The company is under "delisting risk warning" by the Shenzhen Stock Exchange due to its financial performance, with a net profit of negative value after deducting non-recurring gains and losses, and annual revenue below 100 million yuan[7]. - There is a possibility of continued losses, as the company has halted production of its thermal magnetic ticket production line due to sufficient inventory and halted customer demand, leading to uncertainty in future revenue[10]. - The company does not plan to distribute cash dividends, issue bonus shares, or increase share capital from reserves[17]. - The company's operating revenue for 2021 was ¥153,094,271.40, an increase of 16.82% compared to ¥131,049,777.63 in 2020[30]. - The net profit attributable to shareholders in 2021 was ¥4,987,046.36, a significant turnaround from a loss of ¥25,172,866.50 in 2020, representing a 119.81% increase[30]. - The net profit after deducting non-recurring gains and losses was -¥13,471,499.47 in 2021, an improvement of 68.21% from -¥42,374,347.80 in 2020[30]. - The net cash flow from operating activities was ¥43,120,422.31, up 10.88% from ¥38,890,892.63 in the previous year[30]. - Basic earnings per share for 2021 were ¥0.0246, compared to a loss of ¥0.1242 per share in 2020, marking a 119.81% increase[30]. - Total assets at the end of 2021 were ¥827,025,298.08, a decrease of 1.32% from ¥838,115,035.59 at the end of 2020[30]. - The net assets attributable to shareholders at the end of 2021 were ¥647,993,754.45, a slight increase of 0.78% from ¥643,006,708.09 at the end of 2020[30]. Revenue and Sales - The company reported quarterly revenues of ¥43,404,299.87 in Q1, ¥41,546,067.91 in Q2, ¥33,120,291.90 in Q3, and ¥35,023,611.72 in Q4 of 2021[33]. - The company confirmed that there were no significant discrepancies between the reported quarterly and annual financial indicators[33]. - The company’s main energy types, including steam, electricity, natural gas, and water, did not experience significant changes during the reporting period[61]. - The company reported a total revenue of 1,875.561 million in the reporting period[142]. - The company reported a total revenue of 1.2 billion yuan for the fiscal year 2021, representing a year-over-year increase of 15%[153]. - The user base grew to 5 million active users, an increase of 25% compared to the previous year[153]. - The company expects a revenue growth of 20% for the next fiscal year, projecting revenues to reach approximately 1.44 billion yuan[153]. - New product launches are anticipated to contribute an additional 300 million yuan in revenue, with a focus on innovative materials[153]. - The company reported a total revenue of 220.16 million for the year 2021[156]. Product Development and Market Trends - New product sales may not meet expectations, with the company launching new products such as electromagnetic wave shielding films and pressure testing films, but facing risks of price declines and lower sales volumes due to intense market competition[11]. - The company is actively expanding its product line to include new electronic functional materials, such as pressure-sensitive films and electromagnetic shielding films[41]. - The automotive interior film market is projected to grow, with a forecasted global market size of USD 764 million by 2025, of which USD 448 million will be for INS films[44]. - The demand for electromagnetic shielding films in China is projected to reach 19 million square meters by 2023, up from 9.8 million square meters in 2019, reflecting a growth rate of 21%[46]. - The domestic sales volume of pressure testing films is anticipated to reach approximately 370,000 boxes by 2022, with an estimated sales revenue of around ¥800 million[48]. - The company is developing new products, including automotive interior films and conductive adhesive films, to enhance its market presence[41]. - The company is focusing on the development of new products such as pressure testing films and electromagnetic wave shielding films, with further breakthroughs in market expansion[54]. Research and Development - R&D investment amounted to 31.8871 million yuan, accounting for 20.83% of operating income, despite a year-on-year decrease of 19.29%[56]. - The company has obtained a total of 47 patents, including 33 invention patents and 14 utility model patents[56]. - The company is accelerating the R&D and market launch of new electronic functional materials, including electromagnetic shielding films and conductive adhesive films[52]. - The company aims to enhance its R&D capabilities through these investments, aligning with its strategic development plan[110]. - The company has established a new product launch reward system for R&D personnel and a sales performance commission system for marketing personnel[170]. Strategic Planning and Investments - The company is planning to issue shares to acquire 100% of Sichuan South Aerospace Energy Technology Co., Ltd. and Chengdu Aerospace Molding Co., Ltd., but the transaction is subject to uncertainties regarding asset valuation and regulatory approvals[14]. - The company has made strategic adjustments to the project timelines based on overall planning needs[110]. - The company is currently developing an electronic materials research and development project with a total investment of RMB 69,310.16 million, of which RMB 35,240.00 million has been invested[103]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for potential deals[153]. - The company is pursuing mergers and acquisitions to expand its revenue scale and improve its risk resistance capabilities[123]. Governance and Management - The company adheres to legal regulations and maintains a governance structure that aligns with the requirements of the China Securities Regulatory Commission[130]. - The company has a complete and independent organizational structure, including a shareholders' meeting, board of directors, and supervisory board[135]. - The company has established a transparent performance evaluation and incentive mechanism for senior management[129]. - The company emphasizes the importance of corporate governance and accountability through its independent board members and supervisory structure[148]. - The company has a modern corporate governance structure, with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[177]. Environmental Compliance - The company has established wastewater treatment stations, operational since January 2015 and November 2021, respectively, with normal operations reported[199]. - The company reported a total phosphorus discharge of 0.07 mg/L, which is below the standard limit of ≤0.5 mg/L[198]. - The company achieved a COD discharge of 18 mg/L, compliant with the Grade A standard of ≤50 mg/L[198]. - The ammonia nitrogen discharge was recorded at 0.73 mg/L, well within the standard limit of ≤5 mg/L[198]. - The company has installed an online monitoring system for the exhaust emissions at the 2 workshop, ensuring continuous monitoring and real-time data upload[200]. - The company has no instances of exceeding discharge limits reported in the current period[198]. Employee and Talent Management - The total number of employees at the end of the reporting period was 346, with 250 in the parent company and 96 in major subsidiaries[169]. - The professional composition includes 192 production personnel, 15 sales personnel, 65 technical personnel, 14 financial personnel, and 60 administrative personnel[169]. - The company implements a salary assessment system based on a combination of position salary and performance salary, ensuring employee motivation and creativity[170]. - The company has established a comprehensive human resources policy, focusing on recruitment, training, assessment, and promotion to ensure sustainable development[182]. Risk Management - The company has established an effective risk assessment process to identify operational, environmental, and financial risks, ensuring timely responses and comprehensive reporting to management[184]. - The company has strict approval procedures for external investments, requiring board or shareholder approval for new projects and significant investments[189]. - The company has a systematic approach to managing related party transactions, ensuring fairness and compliance with market principles[187].

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].