Financial Performance - Total revenue for Q1 2017 was CNY 62,591,631.13, an increase of 22.34% compared to CNY 51,164,006.92 in the same period last year[8] - Net profit attributable to shareholders was CNY 12,694,958.16, up 1.71% from CNY 12,481,517.21 year-on-year[8] - Net profit excluding non-recurring gains and losses decreased by 4.41% to CNY 10,575,695.23 from CNY 11,064,138.52[8] - Basic and diluted earnings per share decreased by 24.00% to CNY 0.19 from CNY 0.25[8] - The company reported a 30.47% increase in operating costs, totaling ¥35,073,957.28, due to higher product sales[21] - Total operating revenue for Q1 2017 was CNY 62,591,631.13, an increase of 22.5% compared to CNY 51,164,006.92 in the same period last year[45] - Total operating costs for Q1 2017 were CNY 50,476,463.95, up 31.9% from CNY 38,279,216.41 in Q1 2016[45] - Net profit for Q1 2017 reached CNY 12,694,958.16, representing a 1.7% increase from CNY 12,481,517.21 in Q1 2016[46] - The total profit for Q1 2017 was CNY 14,615,763.56, a marginal increase from CNY 14,552,294.85 in Q1 2016[46] Cash Flow and Liquidity - Operating cash flow turned negative at CNY -5,548,624.48, a decline of 194.10% compared to CNY 5,896,290.88 in the previous year[8] - The net cash flow from operating activities was -5,548,624.48 yuan, a decrease compared to 5,896,290.88 yuan in the previous period, indicating a decline in operational performance[54] - Total cash inflow from operating activities was 72,512,231.86 yuan, up from 49,098,695.35 yuan in the previous period, reflecting a growth of approximately 47.8%[54] - Cash outflow from operating activities totaled 78,060,856.34 yuan, compared to 43,202,404.47 yuan in the previous period, representing an increase of about 80.8%[54] - The ending cash and cash equivalents balance was 138,446,337.24 yuan, down from 41,223,450.63 yuan in the previous period, showing a significant decline[55] - The cash flow from investing activities showed a net outflow of -33,799,142.78 yuan, worsening from -16,807,066.38 yuan in the previous period[54] - Cash inflow from financing activities was 5,000,000.00 yuan, a decrease from 19,600,000.00 yuan in the previous period, indicating reduced financing activity[55] - The company paid 20,881,915.33 yuan in dividends and interest, which was a new cash outflow in the current period[55] - The cash flow from operating activities net amount was 1,304,088.94 yuan, a decrease from 7,188,973.98 yuan in the previous period, indicating a decline in operational efficiency[57] - The net increase in cash and cash equivalents was -34,349,020.45 yuan, compared to -14,039,297.94 yuan in the previous period, indicating worsening liquidity[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 605,540,930.30, a slight increase of 0.45% from CNY 602,838,896.14 at the end of the previous year[8] - Current assets decreased to CNY 403,428,694.72 from CNY 418,270,621.34, primarily due to a reduction in cash and cash equivalents[37] - The company's cash and cash equivalents at the end of the period were CNY 138,446,337.24, down from CNY 172,795,357.69[37] - Total liabilities decreased to CNY 37,100,421.90 from CNY 47,490,644.05, showing improved financial health[39] - The company's equity attributable to shareholders increased to CNY 568,440,508.40 from CNY 555,348,252.09, indicating retained earnings growth[40] - The non-current assets totaled CNY 202,112,235.58, up from CNY 184,568,274.80, suggesting investment in long-term assets[38] Shareholder Information - The company reported a total of 11,810 common shareholders at the end of the reporting period, with the largest shareholder holding 39.65% of the shares[15] - The total sales amount of the top five customers reached ¥16,519,196.83, accounting for 26.39% of the total sales in the first quarter, compared to 26.42% in the same period last year[26] - The total procurement amount from the top five suppliers was ¥8,919,647.38, representing 25.43% of the total procurement in the first quarter, down from 27.02% year-on-year[26] Research and Development - Research and development expenses for Q1 2017 amounted to ¥5,378,300, showing significant growth compared to the previous year[24] - The company plans to enhance market positioning and brand image while increasing R&D investment to strengthen product technology advantages[24] - The company is collaborating with universities on lithium-ion battery electrolyte research to improve innovation capabilities and technical levels[25] - The company has transferred two invention patents to its subsidiary, Changshu Shiming Chemical Technology Co., Ltd., to enhance technical innovation and efficiency[25] - The company obtained a new patent for a water-based pigment preparation method applicable to natural latex products, with a patent number of ZL201510522885.6, applied on August 24, 2015[30] Strategic Plans and Risks - The company plans to expand its production capacity with a new 20,000-ton water-based pigment production line, aligning with industry trends and enhancing its competitive edge[13] - The company is facing risks from fluctuations in raw material prices, particularly titanium dioxide and iron oxide pigments, and has implemented strategies to mitigate these risks[11] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[46] - The company has not experienced significant changes in its core technology team or major risks that could adversely affect its operations[27] - The company has not encountered any major changes in the feasibility of its investment projects or significant delays in expected benefits[31]

Market Performance and Revenue - The company reported a stable development in the domestic color paste market, with a significant increase in application areas leading to market capacity growth [6]. - The revenue from water-based color paste sales is affected by seasonal factors, with higher sales typically occurring in the second and third quarters [6]. - The company achieved total revenue of CNY 274,532,683.91, an increase of 22.08% year-on-year [33]. - The total profit reached CNY 75,317,704.87, reflecting a growth of 16.91% compared to the previous year [33]. - The revenue from special functional materials was CNY 271,909,692.87, accounting for 99.04% of total revenue, with a year-on-year increase of 21.83% [55]. - The sales volume of special functional materials reached 22,411,527.84 KG in 2016, a 51.00% increase compared to 14,841,902.58 KG in 2015 [59]. - The East China region contributed CNY 113,642,763.37, representing 41.39% of total revenue, with a growth rate of 33.93% [55]. Financial Performance - The company's operating revenue for 2016 was ¥274,532,683.91, representing a 22.08% increase compared to ¥224,873,636.59 in 2015 [19]. - The net profit attributable to shareholders for 2016 was ¥64,651,171.65, a 16.94% increase from ¥55,288,115.28 in 2015 [19]. - The net cash flow from operating activities decreased by 21.42% to ¥46,204,129.43 from ¥58,797,004.02 in 2015 [19]. - The total assets at the end of 2016 were ¥602,838,896.14, an 88.92% increase from ¥319,102,270.85 at the end of 2015 [19]. - The net assets attributable to shareholders increased by 143.41% to ¥555,348,252.09 from ¥228,152,046.37 in 2015 [19]. - The company reported a basic earnings per share of ¥1.11, unchanged from 2015 [19]. Investment and R&D - The company plans to invest in a new production line for 20,000 tons of water-based color paste, aligning with industry trends and enhancing its technological advantages [7]. - The company is committed to continuous R&D for new products and technologies to maintain its industry leadership [7]. - Research and development investment amounted to 15,395,187.45 CNY in 2016, representing 5.61% of operating revenue, up from 4.38% in 2015 [68]. - The company has developed a color matching software and an integrated system for machine color paste, enhancing production efficiency for downstream enterprises [39]. - The company is focusing on talent acquisition and management improvements to support its growing operational scale and ensure stable operations [99]. Governance and Compliance - The company has established a comprehensive governance structure to manage the increased operational demands resulting from business expansion [8]. - The company emphasizes the importance of investor relations management, ensuring timely and accurate information disclosure [52]. - The company is committed to complying with relevant laws and regulations regarding the use of raised funds, ensuring no violations occurred [89]. - The governance structure of the company complies with relevant laws and regulations, ensuring effective operation of the shareholders' meeting, board of directors, and supervisory board [188]. - The company has established a strategy to comply with Shenzhen Stock Exchange rules regarding share reduction, including pricing not lower than 130% of the latest net asset value per share [115]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly for titanium dioxide and iron oxide pigments, and has implemented procurement strategies to mitigate these risks [5]. - The company acknowledges potential management risks associated with its growing scale and resource integration challenges [8]. - The company emphasizes the importance of market demand stability in downstream industries, as adverse changes could negatively impact overall performance [6]. - The company is exposed to risks from changes in downstream market demand, which could adversely affect its overall performance [101]. - The company is investing in a new production line for 20,000 tons of water-based color paste, which may face market uncertainties post-implementation [103]. Shareholder and Dividend Information - A cash dividend of 3.00 yuan per 10 shares will be distributed to shareholders, with no bonus shares issued [8]. - The company plans to distribute a cash dividend of RMB 3 per 10 shares, totaling RMB 20,001,000 for the year 2016, which represents 30.94% of the net profit attributable to shareholders [112]. - The total share capital will increase from 66,670,000 shares to 120,006,000 shares after a capital reserve conversion of 53,336,000 shares at a ratio of 8 shares for every 10 shares held [111]. - The company has committed to a minimum cash dividend distribution of 20% of profits during its growth phase [109]. - The cash dividends distributed in the last three years were RMB 17,500,000 in 2014, RMB 20,000,000 in 2015, and RMB 20,001,000 in 2016 [113]. Operational Capacity and Management - The financial report indicates that the company has a solid operational capacity to meet current business scale and development needs [8]. - The company has established a comprehensive production management ERP system to ensure effective coordination of production processes [32]. - The company has not experienced any significant changes in the feasibility of its projects during the reporting period [90]. - The company has a complete and independent procurement, production, sales, and R&D system, enabling autonomous market operations [196]. - The company has implemented strict quality management systems to control procurement, production, and sales processes, minimizing operational risks [193]. Employee and Management Structure - The company employed a total of 266 staff, including 223 in the parent company and 43 in major subsidiaries [181]. - The professional composition of employees includes 80 production personnel, 40 sales personnel, 57 technical personnel, 11 financial personnel, 55 administrative personnel, and 23 others [182]. - The total remuneration for directors and senior management during the reporting period amounted to CNY 4.0148 million [180]. - The company has established a performance evaluation incentive system for senior management, ensuring transparency and compliance with legal regulations [191]. - The management team includes experienced professionals with diverse backgrounds in finance, engineering, and management, contributing to the company's strategic direction [174].

苏州世名科技股份有限公司 2016 年第三季度报告全文 苏州世名科技股份有限公司 2016 年第三季度报告 2016-041 2016 年 10 月 1 苏州世名科技股份有限公司 2016 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资 料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吕仕铭、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)何建林声明：保证季度报告中财务报告的真实、完整。 2 苏州世名科技股份有限公司 2016 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 577,167,775.87 | | 319,102,270.85 | 80.87% | | 归属于上 ...

Financial Performance - Total revenue for the first half of 2016 was CNY 129,696,597.07, an increase of 22.82% compared to CNY 105,598,260.03 in the same period last year[17]. - Net profit attributable to ordinary shareholders was CNY 28,592,218.56, reflecting a growth of 22.01% from CNY 23,433,772.00 year-on-year[17]. - Basic earnings per share rose to CNY 0.54, up 14.89% from CNY 0.47 in the same period last year[17]. - The company achieved operating revenue of CNY 129.70 million in the first half of 2016, representing a year-on-year growth of 22.82%[29]. - The net profit attributable to shareholders reached CNY 28.59 million, an increase of 22.01% compared to the same period last year[29]. - Operating profit reached CNY 31,979,779.67, up from CNY 26,678,806.56, reflecting a growth of 19.3% year-over-year[120]. - The total profit for the period was CNY 33,875,760.90, an increase of 24.8% from CNY 27,134,933.07 in the previous year[120]. - The total comprehensive income for the period was CNY 28,592,218.56, up from CNY 23,433,772.00, reflecting a growth of 22.0%[121]. Assets and Liabilities - The company's total assets reached CNY 650,061,396.28, representing a significant increase of 103.72% compared to CNY 319,102,270.85 at the end of the previous year[17]. - The net assets attributable to ordinary shareholders increased by 127.13% to CNY 518,211,798.90 from CNY 228,152,046.37[17]. - Total liabilities rose to CNY 131,849,597.38 from CNY 90,950,224.48, reflecting a growth of 45%[112]. - Owner's equity surged to CNY 518,211,798.90, up from CNY 228,152,046.37, indicating a growth of 127.6%[113]. - Cash and cash equivalents reached CNY 332,170,026.64, a significant increase from CNY 43,429,252.31, representing a growth of 664.5%[115]. - Accounts receivable increased to CNY 80,982,400.29 from CNY 18,039,493.35, showing a growth of 348.5%[115]. - The company reported a total of CNY 16,809,102.54 in accounts payable, up from CNY 12,673,132.42, which is an increase of 32.5%[112]. Cash Flow - The net cash flow from operating activities was CNY 16,298,775.42, a decrease of 3.54% compared to CNY 16,897,494.37 in the previous year[17]. - Total cash inflow from financing activities reached CNY 319,628,500.00, significantly higher than CNY 63,481,985.96 in the previous year[127]. - The net cash flow from financing activities was CNY 295,664,294.20, compared to CNY 34,310,237.40 in the prior year, indicating a strong increase[127]. - The company reported a net increase in cash and cash equivalents of CNY 292,390,339.28, up from CNY 24,768,857.70 in the same period last year[127]. - Cash and cash equivalents at the end of the period totaled CNY 347,653,087.85, compared to CNY 40,471,378.18 at the end of the previous year[127]. Investment and R&D - The company has invested CNY 89.53 million of its own funds into the "20,000 tons water-based pigment production line and self-use additive construction project" as of July 16, 2016[34]. - Research and development expenses amounted to CNY 4.97 million, a slight decrease of 1.53% year-on-year[36]. - The company has increased its number of authorized invention patents to 40, including 30 invention patents, 4 utility models, and 6 design patents[31]. Market and Business Strategy - The domestic market for color paste is expanding, and the company is actively seeking new industry opportunities to enhance its resilience against market demand changes[24]. - The company plans to continue strengthening market development and innovation capabilities to seize market opportunities[34]. - The company is actively expanding into new markets and developing new products to maintain its leading position in the industry[46]. - The company plans to expand its business scope to include software development and sales, as well as the production and sale of water-based color pastes and coatings[146]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company has made commitments regarding stock lock-up periods and shareholding stability measures[83]. - The company has established a long-term commitment to not transfer shares exceeding 25% of the total shares held during the tenure of its directors and senior management[85]. - The company reported that the controlling shareholder will not engage in any competing business directly or indirectly[85]. Compliance and Reporting - The company did not experience any major changes in project feasibility or significant delays in expected benefits[52]. - The company did not have any major litigation or arbitration matters during the reporting period[65]. - The company’s financial report for the first half of 2016 was not audited[108]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[151].