Financial Performance - The company's operating revenue for Q1 2022 was ¥154,006,234.98, representing a 10.32% increase compared to ¥139,596,981.33 in the same period last year[4] - Net profit attributable to shareholders was ¥38,174,884.82, up 11.40% from ¥34,268,438.22 year-on-year[4] - The company reported a basic earnings per share of ¥0.1401, an increase of 8.86% from ¥0.1287 in the same period last year[4] - Total operating revenue for Q1 2022 was CNY 154,006,234.98, an increase of 10.1% compared to CNY 139,596,981.33 in the same period last year[21] - Net profit attributable to the parent company for Q1 2022 was CNY 38,174,884.82, representing a 10.5% increase from CNY 34,364,759.27 in Q1 2021[22] - Basic earnings per share for Q1 2022 was CNY 0.1401, compared to CNY 0.1287 in the previous year[23] Cash Flow and Liquidity - The net cash flow from operating activities was -¥32,451,373.08, a decrease of 144.76% compared to -¥13,258,519.71 in the previous year[10] - The company’s cash and cash equivalents decreased by 64.30% to ¥45,638,955.65, mainly due to increased cash outflows from investment activities[8] - Cash flow from operating activities showed a net outflow of CNY 32,451,373.08, worsening from a net outflow of CNY 13,258,519.71 in Q1 2021[26] - The net cash flow from investment activities was -49,533,755.90, compared to -45,656,359.23 in the previous period, indicating an increase in cash outflow by approximately 6.2%[27] - The total cash outflow from financing activities was 202,050.00, down from 32,000,000.00, reflecting a significant decrease of approximately 99.4%[27] - The net increase in cash and cash equivalents was -82,187,178.98, compared to -90,914,878.94 in the previous period, showing an improvement of about 9.5%[27] - The ending balance of cash and cash equivalents was 45,638,955.65, down from 112,170,772.46, representing a decrease of approximately 59.3%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥946,573,725.24, an increase of 1.50% from ¥932,596,810.46 at the end of the previous year[4] - The company's accounts receivable increased by 86.50% to ¥145,492,603.10, primarily due to sales policy impacts[8] - Current assets decreased to CNY 404,540,856.85 from CNY 430,632,312.62, primarily due to a reduction in cash and cash equivalents[17] - The total liabilities as of Q1 2022 were CNY 111,680,964.43, down from CNY 135,878,934.47 in the previous year[22] - The company’s total liabilities decreased, indicating a potential strengthening of the balance sheet and financial position[18] - The total equity attributable to shareholders of the parent company increased to CNY 834,892,760.81 from CNY 796,717,875.99, reflecting a growth of 4.8%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,434[11] - The company reported a total of 88,113,922 shares subject to lock-up agreements, with specific conditions for release over the next few years[15] Operational Expenses - Total operating costs for Q1 2022 were CNY 111,442,953.08, up 9.3% from CNY 101,815,172.61 in Q1 2021[21] - Research and development expenses for Q1 2022 were CNY 6,128,664.64, down 19.2% from CNY 7,578,700.61 in the same period last year[22] - Sales expenses decreased to CNY 2,306,334.31 from CNY 4,936,938.17, a reduction of 53.3% year-on-year[22] Government Subsidies - The company received government subsidies amounting to ¥262,249.98 during the reporting period, a decrease of 66.83% from the previous year[9] Other Information - The company did not undergo an audit for the first quarter report[28] - The company has ongoing projects in construction, with capitalized costs increasing to CNY 164,549,060.91 from CNY 117,190,926.87[18] - The non-current assets totaled CNY 542,032,868.39, up from CNY 501,964,497.84, indicating investment in long-term growth[18] - Inventory remained relatively stable, with a slight increase to CNY 113,182,276.62 from CNY 112,671,278.09[17] - Current liabilities decreased to CNY 104,381,468.47 from CNY 128,313,567.36, reflecting improved liquidity management[18] - Deferred income as of Q1 2022 was CNY 5,592,188.75, slightly down from CNY 5,650,198.73 in the previous year[22]

Financial Performance - The company's operating revenue for 2021 was CNY 670,124,481.41, representing a 47.43% increase compared to CNY 454,523,891.19 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 93,469,353.79, a slight increase of 0.80% from CNY 92,730,018.39 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 95,315,208.35, which is a 6.62% increase from CNY 89,394,089.31 in 2020[17]. - The net cash flow from operating activities increased by 84.78% to CNY 159,855,433.65, up from CNY 86,510,777.82 in 2020[17]. - The total assets at the end of 2021 were CNY 932,596,810.46, reflecting a 4.37% increase from CNY 893,524,415.87 at the end of 2020[17]. - The net assets attributable to shareholders increased by 9.89% to CNY 796,717,875.99, compared to CNY 725,010,095.52 at the end of 2020[17]. - The basic earnings per share for 2021 were CNY 0.3476, a decrease of 0.29% from CNY 0.3486 in 2020[17]. - The diluted earnings per share for 2021 were CNY 0.3453, an increase of 0.94% from CNY 0.3421 in 2020[17]. - The weighted average return on equity was 12.38%, down from 13.64% in the previous year[17]. Revenue Breakdown - In 2021, the company's total revenue for the four quarters was approximately ¥690 million, with the highest revenue in Q2 at ¥183.89 million, and a decline in Q4 to ¥161.37 million[20]. - The revenue from the coatings segment was CNY 545,202,180.38, accounting for 81.36% of total revenue, with a year-on-year increase of 50.51%[75]. - The revenue from specialty additives increased by 158.57% to CNY 149,353,471.36, while the revenue from resins surged by 841.96% to CNY 868,294.20[75]. - The sales revenue of coloring agents increased by 31.07% compared to the previous year, reflecting effective market strategies and product development[63]. Research and Development - The company increased its R&D expenses by 54.96% in 2021, reflecting a strong commitment to innovation and product development[38]. - The company has a strong R&D capability with over 20 patents related to color paste formulation and production technology[51]. - The company has established multiple provincial-level research platforms to enhance its R&D strength[51]. - The company is focusing on the development of liquid dyeing technology and has established a comprehensive layout in the field of fiber liquid dyeing[35]. - The establishment of a technology innovation center recognized by the China National Textile Industry Association aims to develop functional nano materials for fiber production, addressing domestic production challenges[67]. Market Trends and Opportunities - The disposable glove market is projected to grow at a compound annual growth rate (CAGR) of 15.9%, with global sales expected to increase from 5.29 billion units in 2019 to 12.85 billion units by 2025[30]. - The domestic coatings industry is expected to grow to a total output value of approximately ¥370 billion by 2025, indicating a stable growth trend for the company's products[29]. - The company is positioned to benefit from the growing demand for green fibers, with an expected annual growth rate of over 10% in biodegradable materials and green fibers during the 14th Five-Year Plan[32]. Production and Capacity - The production capacity for colorants (color paste) is 44,040 tons/year, with a utilization rate of 78.33%[52]. - The company plans to increase production capacity for high-frequency copper-clad laminate resin and special additives by 10,000 tons/year[52]. - The "Fiber Plastic New Material Production Project" has completed the main construction and passed fire safety inspections, with 12,000 tons of masterbatch production equipment installed and currently in the debugging phase[42]. Corporate Governance - The company has established an effective internal control system, with no major defects identified in financial reporting as of the evaluation report date[198]. - The company has maintained independence from its controlling shareholders, ensuring no interference in its operational decisions[140]. - The company emphasizes information disclosure and transparency, ensuring compliance with relevant laws and regulations, and has designated a board secretary to manage investor relations[143]. - The company has a governance structure that complies with legal regulations, with no significant discrepancies noted[144]. Employee and Management - The total number of employees at the end of the reporting period was 427, including 205 from the parent company and 222 from major subsidiaries[180]. - The company has a competitive salary policy, providing various benefits including social insurance, housing fund, holiday benefits, and annual health check-ups[181]. - The management performance evaluation mechanism links executive compensation directly to their performance, ensuring accountability and motivation[196]. Future Outlook - Future outlook includes plans for market expansion and the introduction of new products, aiming for a revenue growth target of 20% in 2022[158]. - The company plans to maintain a high level of R&D investment, aiming to develop differentiated products based on market trends and customer needs[123]. - The company aims to enhance its core competitiveness by focusing on technological innovation and industry upgrades, targeting to become a global leader in color new materials[120].

Financial Performance - The company's revenue for Q3 2021 reached ¥185,260,544.67, representing a 55.57% increase year-over-year[4] - Net profit attributable to shareholders was ¥33,764,666.52, a 1.79% increase compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥32,952,545.86, up 1.67% year-over-year[4] - The company reported a 67.48% increase in total revenue for the year-to-date, amounting to ¥508,750,742.54[13] - Total operating revenue for the third quarter of 2021 reached ¥508,750,742.54, a significant increase from ¥303,770,144.95 in the same period of 2020, representing a growth of approximately 67.5%[32] - Net profit for the third quarter of 2021 was ¥97,402,367.16, compared to ¥72,726,786.28 in the previous year, indicating a year-over-year increase of about 33.9%[33] - The total comprehensive income for the period reached ¥97,402,367.16, compared to ¥72,726,786.28 in the previous period, reflecting a significant increase[34] - Basic earnings per share increased to ¥0.3659 from ¥0.2735, indicating a growth of approximately 33.7% year-over-year[34] Assets and Liabilities - The total assets at the end of the reporting period were ¥923,203,000.96, reflecting a 3.32% increase from the end of the previous year[4] - The company's total assets as of September 30, 2021, amounted to ¥923,203,000.96, up from ¥893,524,415.87 at the end of 2020, reflecting a growth of approximately 3.3%[30] - The total liabilities decreased to ¥127,919,665.46 from ¥168,353,392.73, showing a reduction of about 24%[30] - Total liabilities amounted to CNY 168,353,392.73, with current liabilities at CNY 160,698,040.27[42] - The company has a long-term lease liability of CNY 3,289,448.12[42] - The company has a total of CNY 8,946,251.96 in contract liabilities[42] - The company’s total non-current liabilities stand at CNY 7,655,352.46[42] - The company has an unpaid dividend liability of CNY 10,000,000.00[42] - The company has a total of CNY 36,932,545.31 in other payables[42] Cash Flow - The operating cash flow for the year-to-date reached ¥63,002,507.24, a significant increase of 555.57%[4] - The net cash flow from operating activities increased by 555.57% to ¥63,002,507.24 compared to ¥9,610,309.81 in the same period last year, primarily due to increased cash receipts from sales[16] - The net cash flow from investing activities decreased by 96.79% to -¥109,960,445.02, attributed to investments in the construction of the new fiber-plastic material production project[16] - The net cash flow from financing activities decreased by 230.57% to -¥68,302,178.53, mainly due to an increase in loan repayments and dividend distributions compared to the same period last year[16] - Cash inflow from sales of goods and services amounted to ¥297,866,588.16, compared to ¥151,628,330.16 in the previous period, showing a growth of approximately 96.3%[36] - The net cash flow from financing activities was -¥68,302,178.53, compared to a positive cash flow of ¥52,309,811.85 in the previous period, reflecting a shift in financing strategy[38] - The ending balance of cash and cash equivalents decreased to ¥87,832,190.15 from ¥199,807,605.29, indicating a cash outflow during the period[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,789, with no preferred shareholders[18] - The largest shareholder, Lü Shiming, holds 40.52% of the shares, amounting to 109,469,322 shares, with 82,101,991 shares pledged[18] Research and Development - Research and development expenses surged by 130.08% to ¥40,464,224.55, indicating increased investment in innovation[13] - Research and development expenses for the third quarter of 2021 were ¥40,464,224.55, significantly higher than ¥17,587,369.29 in the same quarter of 2020, marking an increase of approximately 130%[33] Corporate Actions - The company plans to invest ¥10 million in the "Suzhou Shiming Technology Co., Ltd. Ink Material Production Project" to expand its product range and improve its industrial layout[23] - A new subsidiary, Shiming (Suzhou) New Materials Research Institute Co., Ltd., was established with a registered capital of ¥10 million to focus on technology development and industry upgrades[23] - The company completed the repurchase and cancellation of certain restricted stock options as approved in the 2020 annual general meeting[25] - The company has completed the procedures for the third release of restricted stock from the 2018 incentive plan and the second release from the 2019 incentive plan[24] Financial Adjustments - The company has adjusted its financial statements in accordance with new leasing standards, impacting the balance sheet[39] - The company adopted the new leasing standards effective January 1, 2021, impacting financial statement adjustments[44] - The company has not undergone an audit for the third quarter report[45]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 323,490,197.87, representing a 75.16% increase compared to CNY 184,683,791.61 in the same period last year[22]. - The net profit attributable to shareholders of the listed company reached CNY 63,801,766.64, up 61.18% from CNY 39,584,100.46 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 61,690,438.56, reflecting a 65.05% increase from CNY 37,376,978.02 in the same period last year[22]. - The basic earnings per share increased to CNY 0.2383, a rise of 61.23% compared to CNY 0.1478 in the previous year[22]. - The company reported a total non-operating income of ¥2,111,328.08, which includes government subsidies of ¥2,020,310.12 and investment management income of ¥498,255.37[26]. - The company achieved operating revenue of ¥323,490,197.87, a year-on-year increase of 75.16%[45]. - The net profit attributable to shareholders reached ¥63,801,766.64, reflecting a growth of 61.18% compared to the previous year[45]. - The company reported a total revenue of 133,380,370 CNY from its subsidiary Changshu Shiming, with a net profit of 16,063,253.5 CNY, contributing significantly to the overall performance[99]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 899,618,850.18, showing a slight increase of 0.68% from CNY 893,524,415.87 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 4.17% to CNY 755,243,647.36 from CNY 725,010,095.52 at the end of the previous year[22]. - The company's total liabilities decreased to CNY 153,848,764.42 from CNY 168,311,830.18 at the end of 2020, reflecting a reduction of 8.6%[189]. - The company's total assets included cash and cash equivalents of ¥111,861,586.52, down 10.30% from the previous year, mainly due to project payments[72]. - Accounts receivable increased significantly to ¥154,350,597.07, representing 17.16% of total assets, driven by sales growth and delayed customer payments[72]. Research and Development - R&D expenses amounted to ¥24,106,600, representing 7.45% of operating revenue, with a year-on-year increase of 119.56%[49]. - The company is focusing on the development of liquid dyeing technology and has successfully applied various liquid dyeing products in multiple domestic enterprises[44]. - Research and development investment amounted to ¥24,106,649.88, a significant increase of 119.56% year-on-year, highlighting the company's commitment to innovation[57]. - The company has established strategic cooperation with the China Textile Science Research Institute to advance polyester and polyamide liquid coloring technology, indicating strong progress in key projects[56]. Market and Sales - The company focuses on the R&D, production, and sales of nano color pastes, functional nano dispersions, and specialty additives, maintaining a leading position in the domestic market[29]. - Sales of the company's paint color pastes showed a steady increase during the reporting period, supported by the expansion of production capacity among leading domestic paint companies[29]. - The demand for latex color pastes, particularly for medical gloves, has significantly increased, with sales showing substantial growth compared to the previous year[29]. - The company is actively expanding its market presence and enhancing its service system to provide comprehensive solutions for customers[36]. - The company has strengthened its partnerships with leading domestic paint enterprises to enhance market penetration and product sales[48]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 37,291,021.71, which is a decrease of 24.13% compared to CNY 49,151,568.73 in the same period last year[22]. - The net cash flow from investment activities was -¥90,011,213.91, a decline of 105.81%, attributed to payments for the construction of new fiber-plastic material projects[66]. - The company has completed the investment of RMB 150.00 million in the 20,000-ton water-based color paste production line and self-use additive construction project[85]. - The total amount of raised funds is RMB 281.47 million, with RMB 59.47 million invested during the reporting period[82]. Environmental and Compliance - The company is committed to environmental safety management and has established facilities for wastewater treatment and air pollution control[115]. - The company invested in environmental facilities including rain and sewage pipeline renovations and hazardous waste storage improvements during the first half of 2021, achieving stable operation and compliance with emission standards[116]. - The company conducted emergency drills for hazardous waste and chemical spills in the first half of 2021, continuously improving its emergency response plan[117]. - The company executed an environmental self-monitoring plan, conducting monthly water quality tests and ensuring compliance with environmental protection requirements[119]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,529[166]. - The largest shareholder, Lü Shiming, holds 40.50% of the shares, totaling 109,469,322 shares, with a decrease of 36,489,774 shares during the reporting period[166]. - The company’s total share capital increased from 180,662,742 shares to 270,268,605 shares following a capital reserve transfer of 89,605,863 shares, with a cash dividend of RMB 2.00 per 10 shares distributed to shareholders[159].

Financial Performance - The company's operating revenue for 2020 was CNY 454,523,891.19, representing a 22.35% increase compared to CNY 371,495,243.82 in 2019[17]. - The net profit attributable to shareholders for 2020 was CNY 92,730,018.39, a 25.90% increase from CNY 73,651,739.82 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY 89,394,089.31, up 28.09% from CNY 69,790,698.29 in 2019[17]. - The net cash flow from operating activities increased by 71.96% to CNY 86,510,777.82, compared to CNY 50,308,786.39 in 2019[17]. - The total assets at the end of 2020 were CNY 893,524,415.87, a 25.92% increase from CNY 709,618,237.74 at the end of 2019[17]. - The net assets attributable to shareholders at the end of 2020 were CNY 725,010,095.52, reflecting a 12.19% increase from CNY 646,247,809.00 in 2019[17]. - The basic earnings per share for 2020 were CNY 0.5229, up 26.86% from CNY 0.4122 in 2019[17]. - The diluted earnings per share for 2020 were CNY 0.5131, an increase of 26.41% from CNY 0.4059 in the previous year[17]. - The company reported a total revenue of 454.52 million yuan in 2020, representing a growth of 22.35% compared to the previous year[48]. - The net profit attributable to shareholders reached 92.73 million yuan, marking a 25.90% increase year-on-year[48]. Investments and Acquisitions - The company completed the full acquisition of Kaimen Additives, enhancing its product variety in additives[31]. - The company is constructing a project with an annual production capacity of 5,500 tons of alkyne surfactants and 2,500 tons of polyether modified silicone surfactants[31]. - The company is also investing in a project with an annual production capacity of 56,000 tons of advanced photosensitive materials and 1,000 tons of photoresist nano pigment dispersions[32]. - The company completed the acquisition of 100% equity in Yueyang Kaimen Water-based Additives Co., Ltd. for RMB 69.5 million, making it a wholly-owned subsidiary[92]. - The company established a wholly-owned subsidiary, Suzhou Shiyun New Materials Technology Co., Ltd., with a 75% stake held by its subsidiary, Shiying Capital, as part of its strategic development on July 9, 2020[92]. Research and Development - The company invested 38.06 million yuan in R&D, which represents a 39.69% increase compared to 2019[65]. - The number of R&D personnel increased to 100 in 2020, representing 28.57% of the workforce, up from 23.24% in 2019[101]. - The company has developed proprietary technologies for polymer dispersants, supporting the research and development of new color materials[31]. - The company is focusing on the development of polymer fiber masterbatch manufacturing technology as part of its strategic layout[45]. - The company has established a textile color business center to support its fiber color-related operations, positioning it as a core business segment[63]. Market and Sales Performance - The company reported a significant increase in quarterly revenues, with Q4 2020 revenue reaching CNY 150,753,746.24[19]. - The coatings segment generated ¥362,240,339.73, accounting for 79.70% of total revenue, with a year-on-year growth of 22.17%[79]. - The special additives segment saw a remarkable increase of 612.80%, with revenue of ¥57,761,126.76, up from ¥8,103,413.84 in 2019[79]. - Revenue from the East China region was ¥183,994,183.12, a significant increase of 45.81% compared to ¥126,187,186.98 in 2019[79]. - The company’s sales of latex color paste for medical gloves increased significantly due to the surge in demand for protective products during the COVID-19 pandemic[28]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 2 per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[6]. - The cash dividend distribution represents 100% of the total distributable profit of RMB 253,514,272.41[148]. - In 2020, the cash dividend amount was 35,842,345.20, representing 38.65% of the net profit attributable to ordinary shareholders[153]. - The company has committed to distributing at least 20% of its distributable profits in cash annually, provided there are no significant adverse changes in the external operating environment[158]. Compliance and Governance - The company emphasizes the importance of compliance with its internal regulations regarding fund management and related transactions[156]. - The independent directors have fulfilled their responsibilities in the profit distribution decision-making process, ensuring the interests of all shareholders are protected[145]. - The company has established necessary decision-making procedures for related party transactions, ensuring compliance with its articles of association[156]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[159]. Environmental and Social Responsibility - The company actively engages in environmental protection and energy conservation, ensuring compliance with national regulations and investing in necessary environmental facilities[199]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities, maintaining compliance with environmental laws[200]. - The company emphasizes environmental protection by developing low-VOC and environmentally friendly products, aligning with national regulations[53].

Financial Performance - The company's revenue for Q1 2021 reached ¥139,596,981.33, representing a 142.81% increase compared to ¥57,491,523.04 in the same period last year[9]. - Net profit attributable to shareholders was ¥34,268,438.22, up 233.29% from ¥10,281,725.28 year-on-year[9]. - The basic earnings per share increased to ¥0.1930, a rise of 229.91% from ¥0.0585 in the previous year[9]. - The weighted average return on equity improved to 4.51%, up 2.94% from 1.57% in the same period last year[9]. - The company achieved operating revenue of CNY 139.60 million, a 142.81% increase compared to the same period last year[21]. - Net profit attributable to shareholders reached CNY 34.27 million, reflecting a 233.29% growth year-on-year[24]. - The total operating revenue for Q1 2021 was CNY 139,596,981.33, a significant increase from CNY 57,491,523.04 in the same period last year, representing an increase of approximately 142.5%[58]. - The total profit for Q1 2021 was CNY 37,149,924.97, compared to CNY 10,686,078.21 in Q1 2020, indicating an increase of around 247.5%[61]. - The company's operating profit for Q1 2021 was CNY 37,156,572.76, a substantial rise from CNY 10,689,254.75 in the same quarter last year, showing an increase of approximately 247.5%[61]. Assets and Liabilities - The total assets at the end of the reporting period were ¥899,626,397.17, a slight increase of 0.68% from ¥893,524,415.87 at the end of the previous year[9]. - The total assets of the company increased slightly from 893.52 million RMB at the end of 2020 to 899.63 million RMB by March 31, 2021[50]. - The total liabilities decreased to CNY 144,679,330.02 from CNY 168,311,830.18, a reduction of about 14.1%[56]. - The company's total liabilities increased to 171,642,840.73 as of January 1, 2021, compared to 168,353,392.73 at the end of 2020[76]. - Total current liabilities were 164,647,960.61, with accounts payable at 64,473,781.48[79]. Cash Flow - The net cash flow from operating activities was negative at -¥13,258,519.71, worsening by 125.17% compared to -¥5,888,336.02 in the same period last year[9]. - The cash flow from operating activities for Q1 2021 was negative at CNY -13,258,519.71, compared to CNY -5,888,336.02 in Q1 2020, indicating a worsening cash flow situation[68]. - The company's operating cash flow for Q1 2021 was negative at -27,095,847.50, compared to a positive cash flow of 18,054,401.18 in the same period last year[70]. - Investment activities resulted in a net cash outflow of -53,886,165.20 in Q1 2021, compared to -40,697,835.38 in the previous year, showing an increase in investment expenditures[72]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 5,563[13]. - The largest shareholder, Lü Shiming, holds 40.40% of the shares, amounting to 72,979,548 shares, with 54,734,661 shares pledged[13]. Expenses and Costs - The company’s gross profit margin decreased as operating costs increased by 154.84% to CNY 82.26 million, in line with revenue growth[21]. - The total operating costs for Q1 2021 amounted to CNY 101,815,172.61, up from CNY 45,940,010.07 in Q1 2020, reflecting an increase of about 121.5%[59]. - The company reported R&D expenses of CNY 7,578,700.61 for Q1 2021, compared to CNY 5,952,563.01 in Q1 2020, indicating an increase of about 27.3%[59]. - The company experienced a decrease in management expenses, which were CNY 4,329,510.65 in Q1 2021, down from CNY 5,489,976.78 in Q1 2020, indicating improved cost management[63]. Investments and Projects - The company plans to invest ¥220 million in a new project to produce 56,000 tons of advanced photosensitive materials and 1,000 tons of photoresist nano pigment dispersions[34]. - A subsidiary will invest in a project to produce 5,500 tons of alcohol surfactants and 2,500 tons of modified silicone surfactants, with a capital increase of ¥50 million[35]. - The company has completed the investment in the 20,000-ton water-based color paste production line and self-use additive construction project, achieving 100% of the planned investment[40]. Market and Risk Management - The company has implemented measures to mitigate risks from fluctuations in raw material prices, including establishing procurement plans and optimizing production processes[28]. - The company is actively tracking market demand changes in downstream industries, focusing on expanding its market presence and enhancing its risk resilience[29]. Compliance and Standards - The company has received high-tech enterprise certification from relevant authorities, enhancing its competitive edge[36]. - The company has no significant changes in project feasibility or any non-compliance issues regarding the use of raised funds[41][43]. - The company adopted the revised accounting standard for leases starting January 1, 2021, with no impact on the financial statements[80]. - The first quarter report for 2021 was not audited, which may affect the reliability of the financial data presented[82].

Financial Performance - Operating revenue for the period reached CNY 119,086,353.34, a year-on-year increase of 22.18%[8] - Net profit attributable to shareholders was CNY 33,172,526.65, reflecting a growth of 23.96% year-on-year[8] - Basic earnings per share rose by 26.77% to CNY 0.1885[8] - The weighted average return on net assets was 4.85%, an increase of 0.53% compared to the previous year[8] - Total operating revenue for Q3 2020 was CNY 119,086,353.34, an increase of 22.2% compared to CNY 97,470,518.09 in Q3 2019[42] - Operating profit for Q3 2020 reached CNY 36,114,827.79, up 28.5% from CNY 28,105,951.69 in the same period last year[43] - Net profit attributable to shareholders for Q3 2020 was CNY 33,172,526.65, representing a 24.5% increase from CNY 26,760,281.04 in Q3 2019[44] - Basic earnings per share for Q3 2020 were CNY 0.1885, compared to CNY 0.1487 in Q3 2019, indicating a growth of 26.8%[44] Asset and Liability Changes - Total assets increased by 28.68% to CNY 913,123,205.14 compared to the end of the previous year[8] - The total assets of the company as of September 30, 2020, amounted to 913.12 million yuan, an increase from 709.62 million yuan at the end of 2019, reflecting a growth of approximately 28.6%[36] - The company's current assets as of September 30, 2020, were reported at 575.96 million yuan, compared to 480.72 million yuan at the end of 2019, indicating an increase of about 19.8%[33] - The company's total liabilities as of September 30, 2020, were 205.59 million yuan, up from 63.22 million yuan at the end of 2019, representing a significant increase of approximately 225.5%[35] - The company's total liabilities increased to CNY 202,843,298.86 in Q3 2020, up from CNY 176,948,163.33 in Q3 2019, marking a rise of 14.6%[39] - The company’s total liabilities to equity ratio stands at approximately 28.5%, reflecting a conservative leverage position[73][74] Cash Flow Analysis - The net cash flow from operating activities surged by 246.52% to CNY 9,610,309.81[8] - Cash flow from operating activities rose by 246.52% to ¥9,610,309.81, mainly due to a decrease in cash paid for goods and services[23] - Cash flow from operating activities generated a net amount of CNY 9,610,309.81, an increase of 246.5% from CNY 2,773,412.53 in the same period last year[59] - Cash flow from investing activities resulted in a net outflow of CNY 55,877,361.28, contrasting with a net inflow of CNY 22,557,034.34 in the previous year[60] - Cash flow from financing activities yielded a net inflow of CNY 52,309,811.85, compared to a net outflow of CNY 84,183,183.68 in the same period last year[60] Shareholder Information - The company reported a total of 6,681 common shareholders at the end of the reporting period[12] - The largest shareholder, Lv Shiming, holds 40.38% of the shares, amounting to 72,979,548 shares[12] Government Subsidies and Non-Recurring Items - The company received government subsidies totaling CNY 1,864,527.68 during the reporting period[10] - Non-recurring gains and losses amounted to CNY 2,967,154.98, primarily from government subsidies and financial asset management[10] Investment and Acquisitions - Goodwill increased to ¥48,218,273.35 following the acquisition of Yueyang Kaimen Water-based Additives Co., Ltd.[20] - The company completed the acquisition of 100% equity in Yueyang Kaimen Water-based Additives Co., Ltd. for a total investment of 69.5 million yuan, making it a wholly-owned subsidiary[24] Research and Development - Research and development expenses for Q3 2020 amounted to CNY 6,608,064.42, a significant increase of 38.3% compared to CNY 4,783,088.51 in Q3 2019[42] - Research and development expenses for Q3 2020 amounted to CNY 17,587,369.29, slightly up from CNY 16,343,429.53 in Q3 2019, showing a year-over-year increase of 7.6%[51] Other Financial Metrics - The company experienced a 39.53% decline in other income to ¥2,031,048.86, primarily due to the completion of government subsidy projects from the previous year[22] - Financial expenses decreased by 205.29% to -¥1,235,702.96, driven by increased interest income from fixed-income structured deposits[22] - The company reported a 39.65% decrease in investment income to ¥1,704,892.60, due to a reduction in non-fixed income structured deposits[22]

苏州世名科技股份有限公司 2020 年半年度报告全文 苏州世名科技股份有限公司 2020 年半年度报告 2020-083 2020 年 08 月 1 苏州世名科技股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人吕仕铭、主管会计工作负责人陈今及会计机构负责人(会计主管 人员)苏卫岗声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在本报告第四节"经营情况讨论与分析"之"九、公司面临的风险和 应对措施"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投 资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | ﮯ | | --- | | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 5 | | 第三节 | 公司业务概要 | 8 | | 第四节 | 经营情况讨论 ...

Financial Performance - Total revenue for Q1 2020 was ¥57,491,523.04, a decrease of 24.38% compared to ¥76,025,827.28 in the same period last year[8] - Net profit attributable to shareholders was ¥10,281,725.28, down 29.41% from ¥14,565,577.13 year-on-year[8] - Basic earnings per share decreased by 27.68% to ¥0.0878 from ¥0.1214 in the previous year[8] - The company achieved operating revenue of 57.49 million yuan in the first quarter, a decrease of 24.38% compared to the same period last year[24] - The net profit attributable to shareholders was 10.28 million yuan, down 29.41% year-on-year[24] - The company reported a total profit for Q1 2020 of CNY 10,686,078.21, a decrease of 31.7% compared to CNY 15,617,628.22 in Q1 2019[55] - The company's operating profit for Q1 2020 was CNY 10,689,254.75, down 31.7% from CNY 15,637,870.89 in Q1 2019[55] Cash Flow - The net cash flow from operating activities improved to -¥5,888,336.02, a 52.09% increase compared to -¥12,289,717.47 in the same period last year[8] - Cash flow from operating activities improved by 52.09%, with a net outflow of 5.89 million yuan compared to 12.29 million yuan in the previous year[22] - The company reported a net cash outflow from operating activities of CNY -5,888,336.02, an improvement from CNY -12,289,717.47 in Q1 2019[61] - The company reported a total cash inflow from operating activities of ¥49,420,064.49, slightly lower than ¥51,105,209.95 in the previous year, a decrease of 3.3%[65] - The net increase in cash and cash equivalents for Q1 2020 was -¥22,643,434.20, contrasting with an increase of ¥21,783,778.42 in Q1 2019[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥713,403,063.00, reflecting a slight increase of 0.53% from ¥709,618,237.74 at the end of the previous year[8] - The company's total liabilities decreased to CNY 184,927,932.71 from CNY 176,948,163.33, indicating a reduction in financial obligations[50] - The equity attributable to shareholders increased to CNY 623,352,312.82 from CNY 619,045,239.94, reflecting a slight growth in shareholder value[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,574[12] - The largest shareholder, Lü Shiming, holds 40.22% of the shares, amounting to 48,653,032 shares[12] Operational Changes - The company is facing significant pressure on profitability due to the global economic downturn caused by the COVID-19 pandemic[27] - The company has implemented measures to mitigate risks from raw material price fluctuations, including differentiated pricing strategies and cost control through improved management[28] - The company is actively seeking new industry expansion opportunities to enhance its risk resilience amid potential market demand changes in downstream industries[30] - The company acknowledges management risks associated with scale expansion and is focused on maintaining operational capabilities as it grows[32] - The company is undergoing strategic adjustments in product structure and market segmentation due to changes in industry market conditions[38] Research and Development - Research and development expenses for Q1 2020 were CNY 5,952,563.01, compared to CNY 5,140,532.97 in Q1 2019, indicating an increase of 16.0%[53] - Research and development expenses increased to CNY 4,625,297.16, up 16.4% from CNY 3,973,340.88 in the same quarter last year[57] Investment and Fundraising - The total amount of funds raised is RMB 28,146.75 million, with RMB 1,097.59 million invested in the current quarter[37] - Cumulative amount of funds raised for changed purposes is RMB 16,730.12 million, accounting for 50.36% of the total raised funds[37] - The original investment project for the 20,000-ton water-based color paste production line has been adjusted from RMB 28,122.85 million to RMB 15,048.95 million[38] - The company plans to use RMB 14,175.25 million of the remaining funds for the new "fiber-plastic new material production project"[38] Supplier and Customer Information - The total procurement amount from the top five suppliers reached ¥21,015,130.04, an increase from ¥19,208,471.38 in the same period last year[25] - The top five suppliers accounted for 39.37% of the total procurement, up from 32.64% in the previous year, primarily due to the commencement of the "Fiber Plastic New Material Production Project" construction[26] - The total sales amount from the top five customers was ¥10,307,179.73, down from ¥18,114,832.21 in the same period last year[26] - The top five customers represented 17.93% of total sales, a decrease from 23.83% in the previous year, indicating normal business fluctuations[26]

Financial Performance - The company's operating revenue for 2019 was CNY 371,495,243.82, representing an increase of 11.54% compared to CNY 333,073,370.20 in 2018[15]. - The net profit attributable to shareholders for 2019 was CNY 73,651,739.82, up by 9.56% from CNY 67,225,776.70 in the previous year[15]. - The net profit after deducting non-recurring gains and losses was CNY 69,790,698.29, reflecting a growth of 16.99% compared to CNY 59,656,480.62 in 2018[15]. - The basic earnings per share for 2019 was CNY 0.6183, an increase of 10.37% from CNY 0.5602 in 2018[15]. - The total assets at the end of 2019 amounted to CNY 709,618,237.74, a slight decrease of 0.41% from CNY 712,513,996.71 in 2018[15]. - The net assets attributable to shareholders at the end of 2019 were CNY 646,247,809.00, which is a 1.58% increase from CNY 636,207,016.14 in the previous year[15]. - The net cash flow from operating activities for 2019 was CNY 50,308,786.39, down by 5.30% from CNY 53,123,248.82 in 2018[15]. - The weighted average return on equity for 2019 was 11.67%, an increase of 0.66% compared to 11.01% in 2018[15]. Revenue and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.5 per 10 shares to all shareholders, with no bonus shares issued[5]. - The total cash dividend for 2019 was 29,882,496.0, representing 40.57% of the net profit attributable to ordinary shareholders[121]. - The cash dividend distribution represents 100% of the distributable profit amounting to RMB 258,273,459.61[116]. - The company plans to distribute cash dividends of no less than 20% of the distributable profits for the year, provided there are no significant adverse changes in the external operating environment[1]. Strategic Development and Innovation - The company is focused on developing low VOC and zero APEO products to meet environmental regulations, indicating a shift towards sustainable practices[30]. - The company has established a nanometer-level water-based pigment production line that meets international advanced standards, enhancing production efficiency[26]. - The company aims to expand its color service platform and intelligent manufacturing system to optimize downstream enterprises' automatic color matching[25]. - The company has initiated a "Global Partner Recruitment Plan" to strengthen its color ecosystem and enhance collaboration across the industry[29]. - The company has a total of 61 patents, including 46 invention patents, demonstrating its strong focus on technology innovation[39]. - The company is one of the few domestic enterprises with independent intellectual property rights for high-end environmentally friendly color pastes[33]. - The company has signed a strategic cooperation framework agreement with the China Textile Science Research Institute to enhance its textile coloring technology[38]. - The company has developed a waterless dyeing technology that reduces COD by over 50% and allows for multiple cycles of wastewater reuse without affecting fabric color[48]. Market Performance and Sales - The company's total revenue for Q1 was ¥76,025,827.28, Q2 was ¥104,645,094.07, Q3 was ¥97,470,518.09, and Q4 was ¥93,353,804.38, showing a significant increase in Q2 compared to Q1[18]. - Net profit attributable to shareholders for Q1 was ¥14,565,577.13, Q2 was ¥24,251,553.82, Q3 was ¥26,760,281.04, and Q4 was ¥8,074,327.83, indicating a peak in Q3[18]. - The revenue from special functional materials was ¥369,037,133.15, accounting for 99.34% of total revenue, with a year-on-year growth of 11.28%[59]. - The sales volume of special functional materials reached 24,190,550.06 kg, an increase of 12.55% from 21,494,077.5 kg in 2018[62]. Investment and Financial Management - The company has increased its cash and cash equivalents by 54.37%, primarily due to the inclusion of fixed-income structured deposits[36]. - The company completed the construction of a 20,000-ton water-based color paste production line, which will enhance production capacity and solidify its market leadership[52]. - The company has made significant investments totaling ¥70,200,000.00 during the reporting period, a substantial increase of 361.84% compared to ¥15,200,000.00 in the same period last year[81]. - The total amount of raised funds used by the company reached ¥156,325,300.00, with a remaining balance of ¥139,603,300.00 as of December 31, 2019[85]. Risk Management and Compliance - The company has outlined potential risks and countermeasures in its future development outlook section[5]. - The company faces risks related to fluctuations in raw material prices, particularly titanium dioxide and iron oxide pigments, and has developed strategies to mitigate these risks[105]. - The company acknowledges risks related to the implementation of new projects, including potential changes in market demand and regulatory requirements[110]. - The company has established necessary decision-making procedures for related party transactions[124]. Environmental and Social Responsibility - The company is committed to green and environmentally friendly production processes, aligning with national policies on low-carbon development[40]. - The company has implemented energy-saving and environmental protection measures in line with national regulations[165]. - The company has established an environmental management system certified by ISO 14001:2015, focusing on pollution prevention and resource conservation[169]. - The company actively fulfilled its corporate social responsibilities and adhered to relevant laws and regulations[162]. Corporate Governance and Shareholder Relations - The company has established a robust corporate governance structure to ensure compliance with profit distribution policies[113]. - The company has maintained a consistent cash dividend policy, adhering to relevant laws and regulations[115]. - The commitments made by the actual controllers and shareholders were fulfilled during the reporting period[122]. - The company has a lock-up period of 36 months for shares held by certain executives, preventing them from transferring or managing these shares[123].