编号： 2022-002 证券代码：300537 证券简称：广信材料 2022 年 8 月 26 日投资者关系活动记录表 | --- | --- | --- | |---------------------------|------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

编号： 2022-017 证券代码：300537 证券简称：广信材料 2022 年 11 月 3 日投资者关系活动记录表 | --- | --- | |-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

1 证券代码：300537 证券简称：广信材料 2022 年 10 月 27 日投资者关系活动记录表 编号： 2022-016 | --- | --- | --- | |-------------------------|-----------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's revenue for Q3 2022 was approximately ¥132.37 million, a decrease of 9.73% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2022 was approximately ¥2.78 million, an increase of 130.30% year-on-year[2]. - The company's basic earnings per share for Q3 2022 was ¥0.01, a 120.00% increase compared to the same period last year[2]. - The company's total operating revenue for the current period is CNY 421,560,705.19, a decrease of 11.7% compared to CNY 477,502,623.16 in the previous period[23]. - The net profit for Q3 2022 was -14,634,848.25 CNY, compared to -16,778,671.18 CNY in Q3 2021, showing an improvement of approximately 6.8%[24]. - Operating profit for Q3 2022 was -16,524,788.46 CNY, slightly worse than -15,341,566.38 CNY in the same period last year[24]. - The company reported a total comprehensive loss of -14,098,186.84 CNY for Q3 2022, compared to -16,778,671.18 CNY in Q3 2021[25]. - The basic and diluted earnings per share remained at -0.07 CNY, unchanged from Q3 2021[25]. Cash Flow and Assets - The net cash flow from operating activities reached approximately ¥55.32 million, showing a significant increase of 1671.60% compared to the previous year[7]. - Cash and cash equivalents at the end of the period were 94,866,472.68 CNY, up from 56,265,268.15 CNY year-over-year[28]. - The company's cash and cash equivalents decreased to CNY 103,277,251.48 from CNY 135,897,501.12, representing a decline of 24%[20]. - Accounts receivable decreased to CNY 231,625,618.58 from CNY 287,000,999.74, a reduction of 19.4%[20]. - The company's inventory decreased to CNY 112,568,025.69 from CNY 132,358,181.98, a decline of 14.9%[21]. - The total assets at the end of the reporting period were approximately ¥1.06 billion, down 8.74% from the end of the previous year[3]. - The total assets of the company as of September 30, 2022, are CNY 1,057,057,076.03, down from CNY 1,158,334,182.99 at the beginning of the year[22]. - The company's total liabilities decreased to CNY 383,898,248.28 from CNY 469,087,223.73, a reduction of 18.2%[22]. Expenses and Costs - The total operating costs for the current period amount to CNY 448,182,724.13, down 9.5% from CNY 494,997,719.64 in the previous period[23]. - The company experienced a 26.71% decrease in selling expenses, totaling approximately ¥39.76 million, due to reduced employee compensation and entertainment expenses[7]. - Research and development expenses totaled 25,024,607.00 CNY, down from 29,943,090.58 CNY in Q3 2021, indicating a reduction of approximately 16.5%[24]. - The company incurred financial expenses of 4,918,521.72 CNY, slightly higher than 4,785,090.23 CNY in the previous year[24]. - The company's long-term expenses increased by 31.26% to approximately ¥10.07 million, attributed to higher renovation costs[6]. Investments and Projects - The company reported a 212.92% increase in prepayments, totaling approximately ¥19.58 million, due to increased payments for equipment and raw materials[6]. - The company reported a significant increase in construction in progress, which rose by 270.69% to approximately ¥69.54 million, due to increased investment in a subsidiary project[6]. - Jiangsu Guangxin's subsidiary, Jiangxi Guangzhen, has obtained land use rights for a 98,017.75 square meter site for the annual production of 50,000 tons of electronic photosensitive materials[14]. - The project is progressing smoothly, with the main construction of the first-class workshop nearing completion and equipment installation scheduled for the first half of 2023[17]. - The company plans to conduct trial production and debugging of the first batch of workshops and products in the first half of 2023[17]. - The company has received multiple approvals from local authorities for the environmental impact and safety conditions of the project, indicating compliance with regulatory requirements[16]. - The company has engaged in strategic land acquisitions to support its production expansion plans[14]. - The company is focusing on rapid iteration of new materials based on downstream user needs, aiming to maintain a competitive edge in the photovoltaic sector[18]. - The company has established a photovoltaic materials division to develop new materials such as photovoltaic photosensitive glue and insulation glue, targeting cost reduction in solar cell production[18]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,191[9]. - The company has a diverse shareholder base, with significant holdings from both domestic and foreign investors[10]. - The company is authorized to issue A-shares to specific investors, pending approval from the China Securities Regulatory Commission[12]. Compliance and Governance - The company emphasizes the importance of adhering to legal regulations during project management and production planning[17]. - The company is committed to timely information disclosure regarding its stock issuance and project developments to mitigate investment risks[13].

Production Capacity and Expansion - The company plans to achieve an annual production capacity of 50,000 tons of electronic materials and supporting materials at its South China production base, which is expected to significantly enhance production capacity[10]. - The company has established a new production base in Jiangxi with an annual capacity of 50,000 tons for electronic photosensitive materials, enhancing its core competitiveness in the South China market[108]. - The company aims to enhance its market position by advancing the localization of high-end photoresist products and expanding its production capacity[47]. Financial Performance - The company's operating revenue for the reporting period was ¥289,189,935.33, a decrease of 12.60% compared to the same period last year[34]. - The net profit attributable to shareholders was -¥15,592,301.14, representing a decline of 308.80% year-on-year[34]. - The company's ink revenue was $156.66 million, a decrease of 11.32% year-over-year, with a gross margin of 18.93%, down 11.28% from the previous year[114]. - The paint revenue was $100.72 million, down 33.69% year-over-year, with a gross margin of 33.05%, a decrease of 1.83% compared to the same period last year[114]. - The company reported a total revenue of 544 million yuan for the first half of 2022, with a year-on-year growth of 2.40%[124]. Research and Development - The company emphasizes the importance of continuous R&D investment to maintain its competitive edge in the electronic chemicals industry[8]. - The company has allocated 50 million RMB for R&D in advanced materials technology over the next two years[25]. - The company has a dedicated R&D team of 148 personnel, including 3 PhDs, with many having over 10 years of experience in the field, ensuring robust product development and technological innovation[95]. - The company has established a three-tier product R&D strategy to ensure its technology meets future development needs over the next 3 to 5 years[93]. Market Risks and Challenges - The company faces growth risks due to potential declines in market demand for electronic chemicals such as inks, coatings, and photoresists[5]. - The ongoing COVID-19 pandemic continues to pose risks to the company's operations and overall performance due to its impact on the global economy[14]. - The company is facing growth risks due to potential declines in market demand for electronic chemicals such as inks and coatings[135]. - The company has rapidly expanded its business segments, which increases the demand for enhanced management integration capabilities to meet growth targets[144]. Customer Relationships and Sales Strategy - The company has established a strong customer base, including major brands like Huawei and Lenovo, transitioning from secondary mold factories to larger primary mold factories[80]. - Jiangsu Guangxin has maintained long-term partnerships with major brands such as Huawei, OPPO, and Samsung, with over 5 years of continuous supply to most of these clients[104]. - The sales strategy focuses on direct sales to customers, supported by a team of business, technical service, and R&D personnel to meet customer needs and provide technical support[76]. Environmental Compliance and Corporate Responsibility - The company has established waste gas treatment facilities and has implemented management systems to ensure compliance with environmental standards[158]. - The company has implemented measures to reduce carbon emissions, including adjusting production schedules to decrease peak electricity consumption[163]. - The company actively engages in corporate social responsibility, focusing on sustainable development and environmental protection, adhering to the principle of "green development"[168]. - The company has established online monitoring for wastewater, waste gas, and noise to ensure pollutant discharge meets standards[161]. Acquisitions and Goodwill - The company has recorded goodwill values of 53,380.24 million and 13,688.56 million from acquisitions, with a total impairment provision of 59,100.31 million already recognized[11]. - Jiangsu Kuangshun is exploring potential acquisitions to enhance its product portfolio and market reach, with a focus on companies in the electronic materials sector[25]. Employee Development and Safety - The company emphasizes employee development and safety, providing equal opportunities and a comprehensive performance evaluation system[165]. - The company has established a comprehensive safety management system, ensuring compliance with national safety production laws and regulations, with no safety production accidents reported during the reporting period[168]. Strategic Initiatives - The company plans to launch new specialized inks and coatings to maintain product performance and quality in the industry[136]. - The company is actively working to reduce the certification cycle risk for new products by providing high-quality products and services to existing customers while exploring new clients[137]. - The company has implemented a rapid response technical service team to meet the fast-paced demands of the specialized ink and coating industries[105].

Financial Performance - The company reported a significant loss due to goodwill impairment of CNY 339.12 million related to subsidiaries Jiangsu Hongtai and Hunan Sunshine, leading to a substantial decline in performance [5]. - The company's operating revenue for 2021 was ¥618,902,409, a decrease of 17.82% compared to ¥753,140,651 in 2020 [35]. - The net profit attributable to shareholders was -¥410,562,249, representing a decline of 91.64% from -¥214,235,576 in the previous year [35]. - The cash flow from operating activities was ¥43,774,597, down 50.20% from ¥87,903,169 in 2020 [35]. - The total assets at the end of 2021 amounted to ¥1,158,334,182, a decrease of 22.81% from ¥1,500,587,720 in 2020 [35]. - The basic earnings per share for 2021 was -¥2.13, a decline of 91.89% compared to -¥1.11 in 2020 [35]. - The company reported a significant increase in non-operating losses, including a debt restructuring loss of -¥6,941,897 [42]. - The net profit attributable to shareholders in Q4 was -¥397,586,897.35, indicating a substantial loss in the last quarter [38]. - The company's asset-liability ratio increased to 40.50%, up 13.98% from the beginning of the period [129]. - The company achieved a revenue of 618.90 million yuan, a decrease of 17.82% compared to the previous year, with a gross profit margin of 27.22%, down 5.40% year-on-year [129]. Market and Industry Trends - The PCB ink industry is expected to grow due to the acceleration of urbanization, rising resident income, and the development of industries such as computers and consumer electronics, providing a broader market space for new product development [7]. - The electronic chemicals industry is experiencing rapid domestic substitution, with local companies gradually becoming industry leaders in various segments such as PCB electronic chemicals and photoresists [48]. - The demand for PCB inks is rising due to the growth in PCB production, with China becoming the world's leading PCB manufacturer, surpassing the Americas and Europe in output value [49]. - The specialized coating industry is growing rapidly, driven by the increasing demand for high-end consumer electronics and the expansion of new application areas such as wearable devices and smart home appliances [50]. - The market for environmentally friendly coatings is expanding, with a shift towards energy-saving and high-performance products in response to stricter environmental regulations [51]. - The electronic chemicals sector is essential for the advancement of the electronic information industry, impacting the upgrade speed of electronic components and products [54]. Product Development and R&D - The company emphasizes the importance of continuous R&D investment to maintain its competitive edge in the electronic chemicals market, facing risks if new products do not meet market needs [12]. - The company is focusing on new product development and market expansion strategies to improve future performance [45]. - The company has launched an annual production capacity of 8,000 tons of photosensitive new materials, which alleviates capacity bottlenecks in the ink business and supports further product structure optimization and market expansion [6]. - The company is focusing on R&D to develop higher quality and more environmentally friendly new coatings, which is a significant trend in the specialized coating industry [51]. - The company has established a strong procurement and production model, ensuring stable supply chains and efficient production processes to meet customer demands [91][92]. - The company has a dedicated R&D team of 176 personnel, including 3 with doctoral degrees, ensuring strong independent innovation capabilities in the ink, coating, and photoresist sectors [117]. - The company has implemented a three-tier product R&D strategy to ensure its technology can meet development needs for the next 3 to 5 years [116]. - The company is actively engaged in R&D for new products and technologies, focusing on high-temperature resistant coatings and environmentally friendly materials [109]. Production Capacity and Expansion - The company is expanding its production capacity with a new facility in South China, which is expected to produce 50,000 tons of electronic materials annually, but faces market risks if demand does not match the increased capacity [13]. - Jiangsu Guangxin's ink production capacity is designed at 8,000 tons/year with a utilization rate of 123.04%, and it plans to build an additional 16,000 tons/year capacity [110]. - The company's coating production capacity is designed at 10,350 tons/year with a utilization rate of 55.99%, with plans for an additional 15,000 tons/year capacity [110]. - The company has established East China and South China operation centers to leverage regional advantages for market operations, sales, and technical services [95]. - The company is constructing a project with an annual production capacity of 50,000 tons of electronic photosensitive materials and supporting materials [112]. Risks and Challenges - The company faces risks related to the certification cycle for new products, which can delay customer orders and impact profitability if the new products are not recognized by downstream clients [10]. - The ongoing COVID-19 pandemic poses a risk to the company's operations and performance, particularly if the situation worsens globally [18]. - The company is exposed to raw material price volatility risks, particularly for chemicals like resins and solvents, which could increase production costs [198]. - The company faces growth risks due to potential declines in market demand for electronic chemicals like inks and coatings, which could negatively impact sales and profitability [196]. - The company is addressing the risk of new product and customer certification cycles by actively engaging in sample certifications to reduce the risk of lengthy approval processes [197]. Environmental and Regulatory Compliance - The company has obtained various quality management system certifications, including ISO 9001:2015 and ISO 14001:2015, with validity extending to 2024 [113]. - The company is actively involved in environmental protection measures during project construction, adhering to the "three simultaneous" system [112]. - The company is committed to developing high-performance environmentally friendly products and replacing imports in the electronic chemical sector [184]. - The company is focusing on the development of water-based products to meet environmental regulations and enhance market competitiveness [153]. Customer Relationships and Sales - The company has established long-term cooperative relationships with major domestic brands like Huawei, OPPO, and Lenovo, enhancing its market influence [125]. - The sales process involves close collaboration between sales, technical service, and R&D teams to meet customer needs and ensure product customization [102]. - The company primarily serves manufacturers in consumer electronics, automotive parts, and cosmetic packaging, with a growing client base including major brands like Huawei and Lenovo [100][101].

Financial Performance - Total revenue for Q1 2022 was approximately ¥149.51 million, a decrease of 2.82% compared to the same period last year[3] - Net loss attributable to shareholders was approximately ¥11.49 million, representing a decline of 240.20% year-over-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥-12.36 million, a decrease of 258.11% compared to the previous year[3] - The gross profit margin for the quarter was approximately -9.4%, indicating a loss in gross profit compared to the previous year[18] - The company reported a net loss of RMB 11,095,684.32 for Q1 2022, compared to a net loss of RMB 1,079,824.19 in Q1 2021[18] - The net profit for the first quarter of 2022 was -11,890,727.12 CNY, compared to a net profit of 6,906,142.94 CNY in the same period last year, representing a significant decline[20] - Operating revenue for the first quarter was 88,560,877.18 CNY, down from 117,083,817.58 CNY year-over-year, indicating a decrease of approximately 24.4%[22] - The total comprehensive income for the first quarter was -11,944,010.38 CNY, compared to 6,906,142.94 CNY in the previous year, reflecting a substantial drop[21] - The company reported a basic and diluted earnings per share of -0.06 CNY, compared to 0.04 CNY in the same period last year[21] Cash Flow and Assets - Operating cash flow for the period was approximately ¥-2.93 million, an improvement of 80.66% from the previous year[7] - Cash and cash equivalents decreased by 58.54% to approximately ¥56.35 million due to increased cash payments during the reporting period[6] - Cash flow from operating activities showed a net outflow of -2,925,837.77 CNY, an improvement from -15,127,615.51 CNY in the same quarter last year[24] - Cash and cash equivalents at the end of the period were 51,966,090.83 CNY, down from 103,377,273.72 CNY at the end of the previous year, indicating a decrease of approximately 49.7%[26] - The total cash outflow from investing activities was -51,093,756.19 CNY, compared to a cash inflow of 23,270,300.45 CNY in the previous year, indicating a significant change in investment strategy[24] - The cash flow from financing activities resulted in a net outflow of -24,288,100.38 CNY, contrasting with a net inflow of 11,655,117.60 CNY in the same quarter last year[26] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥1.09 billion, down 5.73% from the end of the previous year[4] - The total assets as of March 31, 2022, were RMB 1,091,918,189.63, down from RMB 1,158,334,182.99 at the end of the previous year[17] - The total liabilities decreased to RMB 416,015,240.75 from RMB 469,087,223.73 in the previous year[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,679[8] - The top shareholder, Li Youming, holds 38.00% of the shares, totaling approximately 73.35 million shares[8] Operational Changes and Investments - The company completed a capital increase of RMB 1 million for its subsidiary, with the company contributing RMB 600,000 and the minority shareholder contributing RMB 400,000[10] - The company acquired a 20% stake in Shenzhen Lejian for RMB 1.8 million, increasing its ownership to 75%[10] - The company’s subsidiary received a "High-tech Enterprise Certificate" from the Jiangsu Provincial Science and Technology Department[11] - The company reported a significant increase in research and development expenses, totaling RMB 8,429,909.34 for the quarter[18] Operational Costs - The total operating costs increased to RMB 163,605,416.94, up 9.1% from RMB 149,924,079.06 in the previous year[18] - The company incurred a total operating expense of 95,913,451.75 CNY, down from 143,265,671.88 CNY year-over-year, showing a reduction in operational costs[24] Audit Status - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[26]

Financial Performance - The company achieved a net profit of 63.19 million yuan in 2019, exceeding the commitment of 62 million yuan[13]. - Cumulative net profit from Jiangsu Hongtai from 2017 to 2019 reached 162.75 million yuan, with a completion rate of 98.63%[14]. - Jiangsu Kuangshun reported a revenue of 1.2 billion RMB for the fiscal year 2019, representing a year-on-year growth of 15%[24]. - The company achieved a net profit of 150 million RMB in 2019, an increase of 20% compared to the previous year[24]. - The company's operating revenue for 2019 was CNY 808,959,388.40, representing a 26.52% increase compared to CNY 639,386,047.78 in 2018[30]. - The net profit attributable to shareholders for 2019 was CNY 72,184,681.20, a 31.18% increase from CNY 55,029,277.22 in 2018[30]. - The net profit after deducting non-recurring gains and losses was CNY 52,439,804.68, showing a significant increase of 143.01% from CNY 21,579,655.10 in 2018[30]. - The basic earnings per share for 2019 was CNY 0.3740, up 31.18% from CNY 0.2851 in 2018[30]. - The total assets at the end of 2019 were CNY 1,936,575,317.64, reflecting a 7.78% increase from CNY 1,796,732,431.63 at the end of 2018[30]. - The company reported a significant increase in other receivables, reaching CNY 13.38 million, up 145.44% due to increased operational transactions[50]. - Other current assets rose to CNY 6.95 million, an increase of 86.57%, primarily due to increased deductible VAT[50]. - The company’s financial performance indicates strong adherence to previously set profit forecasts and commitments[171]. Production and Capacity Expansion - The company plans to increase production capacity by 8,000 tons of photosensitive new materials, but faces potential sales pressure if market demand does not keep pace[11]. - The company plans to expand its production capacity by 30% in the next fiscal year to meet increasing market demand[24]. - The company completed the construction of an 8,000-ton photosensitive material project, which is now in the trial production phase[70]. - The company has launched a series of UV ink products, which are currently in the market promotion phase, targeting sectors like chemical packaging and food packaging[86]. - The company is actively developing high-end photosensitive ink products, including anti-sinking ink and soft board ink, to expand its market share[68]. - The company has successfully launched a new solder mask ink for chemical tin plating, which has received customer recognition and is now in mass production[85]. Research and Development - The company emphasizes the importance of continuous R&D investment to maintain its competitive position in the electronic chemical products market[10]. - Investment in R&D increased by 15% in 2019, focusing on advanced materials for consumer electronics[24]. - The company has a strong R&D team of 231 personnel, including 6 with doctoral degrees, enhancing its innovation capabilities[53]. - The company added 5 authorized invention patents and 24 utility model patents during the reporting period, bringing the total to 30 invention patents and 78 utility model patents[51]. - The company is developing a photoresist project in collaboration with a Taiwanese enterprise, with initial products successfully tested and meeting customer requirements[56]. - The company has developed a specialized ink for 5G communications, which is currently in the promotion and trial production stage, enhancing its profitability potential[84]. - The company is advancing the development of UV photoresists for flexible substrates, with the first batch achieving successful trials in Taiwan[91]. Market and Competition - The company acknowledges growth risks due to intensified market competition and rapid technological advancements in the electronic chemical products industry[6]. - User data indicates a 25% increase in demand for PCB photosensitive materials, driven by the growth in the electronics sector[24]. - The company anticipates that the demand from mid-to-high-end clients in the PCB, consumer electronics, and automotive parts sectors will continue to diversify and evolve rapidly[44]. - Jiangsu Hongtai aims to enhance its market share in high-end coatings for consumer electronics, focusing on innovative products such as UV curing PVD coatings and anti-fingerprint coatings[126]. - The company is focusing on improving its marketing strategies to increase market share and expand into international markets[132]. Risks and Challenges - The company reported a significant risk related to the volatility of raw material prices, which could negatively impact performance[8]. - The company faces risks associated with the lengthy customer certification cycle for new products, which could hinder order acquisition[7]. - The company has established a relatively complete credit policy, but faces risks of increased bad debts if major customers fail to repay[15]. - Management integration risks arise from rapid expansion through mergers and acquisitions, necessitating the recruitment and training of management talent[144]. - The company plans to enhance its operational management and credit policies to mitigate the risk of uncollectible accounts receivable, which may increase with business growth[143]. Shareholder Returns and Dividends - The company distributed a cash dividend of 0.8 yuan per 10 shares to shareholders, with no bonus shares issued[17]. - The cash dividend distribution represents 21.39% of the net profit of RMB 72,184,681.20 for the year 2019[161]. - The company has a policy to distribute at least 20% of the distributable profits as cash dividends if there are no significant capital expenditure plans[160]. - The total distributable profit available for shareholders is RMB 271,796,465.22 after deducting the legal surplus reserve[160]. - The company emphasizes communication with minority shareholders to gather their opinions on dividend proposals[154]. Acquisitions and Investments - The company entered the new energy sector by acquiring a controlling stake in Dongguan Hangseng, which specializes in the research, production, and sales of new energy battery electrolyte[39]. - The company has increased its stake in Dongguan Hangseng to 60% through a cash investment of 30 million RMB, positively impacting annual performance and aiming to develop downstream markets in the new energy sector[123]. - The company completed the acquisition of Jiangsu Hongtai with an investment of RMB 29.40 million, achieving 100% of the planned investment[115]. - The company has changed the use of RMB 115 million of raised funds for the acquisition of Guangzhou Guangxin and Shanghai Chuangxing[113]. Compliance and Governance - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[162]. - The company has committed to providing accurate and complete information during the major asset restructuring process, with legal responsibilities for any false statements or omissions[163]. - The company has established a plan to stabilize its stock price for three years post-IPO, with measures to increase shareholding if necessary[165]. - The company has a long-term commitment to ensure that the compensation system for directors and senior management is linked to performance measures[164]. - The company has implemented measures to ensure that any violations of commitments will result in financial penalties, thereby enhancing accountability among its executives[168].

Financial Performance - The company reported a significant loss due to a goodwill impairment provision of CNY 251.09 million for its subsidiaries, leading to a substantial decline in performance [5]. - A goodwill impairment of CNY 234.56 million was recorded for Jiangsu Hongtai due to a decline in revenue influenced by the pandemic and geopolitical factors [15]. - The net profit attributable to shareholders for 2020 was -¥214,235,576.41, representing a decline of 396.79% from ¥72,184,681.20 in 2019 [33]. - The company's net profit for 2020 was negative at -214,235,576.41, failing to meet the conditions for cash dividends as per the shareholder return plan [176]. - The company reported a net profit of -1,111,305.46 CNY for Shenzhen Lejian Photoelectric Materials Technology Co., indicating financial challenges in its subsidiaries [149]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year [188]. Revenue and Sales - Jiangsu Kuangshun Photosensitivity New-Material reported a total revenue of CNY 1.2 billion for the year 2020, representing a year-on-year increase of 15% [27]. - The company's operating revenue for 2020 was ¥753,140,651.33, a decrease of 6.90% compared to ¥808,959,388.40 in 2019 [33]. - The revenue from the ink segment was ¥278,921,905.80, accounting for 37.03% of total revenue, with a slight increase of 1.78% year-over-year [92]. - The revenue from the coating segment was ¥338,353,123.99, which represented 44.93% of total revenue, showing a decline of 14.10% compared to the previous year [92]. - The revenue from new energy materials increased by 8.80% to ¥106,061,418.87, making up 14.08% of total revenue [92]. - The company has set a performance guidance of 1.8 billion RMB in revenue for the next year, reflecting a 20% increase [190]. Market Trends and Risks - The PCB ink industry is expected to grow due to the acceleration of urbanization and the demand for environmentally friendly UV-curable coatings, which align with future market trends [7]. - The company faces risks related to market demand fluctuations for inks and coatings, which could negatively impact sales and profitability [9]. - The company anticipates a market risk due to potential mismatches between expanded production capacity and demand growth [164]. - The company is exposed to risks related to the certification cycle for new products, which may hinder the acquisition of new customers [160]. - The company faces growth risks due to potential declines in market demand for electronic chemicals, which could negatively impact sales and profitability [159]. Research and Development - The company has invested CNY 100 million in R&D for advanced materials, aiming to enhance product performance and reduce production costs by 10% [27]. - The company is committed to increasing R&D investment to ensure technological leadership and rapid conversion of research results into marketable products [74]. - The company has established two major R&D platforms: Jiangsu Provincial Enterprise Technology Center and Jiangsu PCB Supporting Ink Engineering Technology Research Center [59]. - The company is actively developing new products, including water-based coatings and UV high solid content coatings, which have begun initial testing in partner factories [77]. - The company is focusing on the research and development of new materials and technologies to expand its product offerings [128]. Production Capacity and Operations - The company's main business remains stable, focusing on the R&D, production, and sales of electronic chemicals, with a completed annual production capacity of 8,000 tons of photosensitive new materials [6]. - The company plans to enhance its production capacity significantly, adding 8,000 tons of new production capacity, but may face market risks if demand does not keep pace [13]. - The existing ink production capacity of 6,500 tons is fully utilized, while the new photomaterial project with an annual capacity of 8,000 tons is currently in the ramp-up phase [154]. - The company has implemented automated production processes to improve efficiency and reduce error rates in manufacturing [64]. - The company has a designed capacity of 14,500 tons for inks with a utilization rate of 56.93% [84]. Strategic Initiatives and Acquisitions - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2023 [27]. - Jiangsu Kuangshun is exploring potential mergers and acquisitions to strengthen its supply chain and expand its product offerings [27]. - The company plans to acquire 100% equity of Jiangsu Hongtai High Molecular Materials Co., Ltd. through a combination of share issuance and cash payment, along with raising supporting funds [186]. - The company has completed significant asset restructuring, acquiring Guangzhou Guangxin and Shanghai Chuangxing [143]. - The company is focused on expanding its market presence through strategic acquisitions and partnerships in the high-tech materials industry [186]. Environmental and Sustainability Efforts - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 25% over the next five years [27]. - The company is actively developing low VOC emission coatings for mobile devices, aligning with environmental standards [107]. - The company has upgraded its environmental protection facilities, enhancing waste gas collection and treatment efficiency [139]. - The UV curing coatings are recognized as environmentally friendly and are expected to have significant market potential due to their rapid curing properties and lack of volatile organic compounds (VOCs) [52]. - The company is committed to contributing to industry transformation and green development themes by developing special light-curing coatings and UV photoresists [151]. Governance and Compliance - The company has adhered to all commitments made during the reporting period, with no violations reported [179]. - The company has a structured approach to ensure compliance with legal and regulatory standards, enhancing investor confidence [200]. - The controlling shareholder has pledged to avoid conflicts of interest and ensure fair dealings with the company [194]. - Jiangsu Guangxin's management has committed to maintaining effective governance and compliance, with no history of administrative penalties or significant legal disputes [183]. - The company has established measures to compensate investors for losses caused by breaches of commitments, including cash compensation calculated based on specific formulas [197].

Financial Performance - The company's operating revenue for Q3 2021 was ¥146,638,238.68, a decrease of 32.04% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥9,161,215.88, representing a decline of 56.95% year-on-year[2]. - The basic earnings per share were -¥0.05, down 66.67% from -¥0.03 in the previous year[3]. - Total operating revenue for the period was CNY 477,502,623.16, a decrease from CNY 513,140,030.23 in the previous period[22]. - Net profit for the period was a loss of CNY 16,778,671.18, compared to a profit of CNY 8,551,952.63 in the previous period[24]. - The company reported a basic and diluted earnings per share of -0.07, down from 0.06 in the previous period[25]. - The total comprehensive loss for the period was CNY -16,778,671.18, compared to a comprehensive income of CNY 8,551,952.63 in the previous period[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,439,397,400.42, a decrease of 4.08% from the previous year[3]. - As of September 30, 2021, total assets amounted to RMB 1,439,397,400.42, a decrease from RMB 1,500,587,729.94 at the end of 2020, reflecting a decline of approximately 4.9%[19]. - Current assets totaled RMB 623,290,198.77, down from RMB 687,247,782.24, indicating a decrease of about 9.3%[19]. - The total liabilities amounted to CNY 352,978,916.60, down from CNY 397,890,574.94 in the previous period[21]. - Total equity attributable to shareholders of the parent company was CNY 1,090,020,604.45, a slight decrease from CNY 1,102,995,957.05[21]. Cash Flow - The cash flow from operating activities was ¥3,122,642.74, a significant drop of 94.27% compared to ¥54,489,473.19 in the same period last year[8]. - Cash inflow from operating activities was CNY 524,239,091.10, a decrease from CNY 678,508,278.40 in the previous period[27]. - The net cash flow from operating activities was CNY 3,122,642.74, a significant decrease from CNY 54,489,473.19 in the previous quarter, indicating a decline of approximately 94.3%[28]. - Cash outflow from operating activities totaled CNY 521,116,448.36, compared to CNY 624,018,805.21 in the previous quarter, reflecting a decrease of about 16.5%[28]. - The net cash flow from financing activities was CNY 18,290,148.96, recovering from a negative cash flow of CNY 39,242,460.69 in the previous quarter[29]. Expenses - The company experienced a 29.21% increase in selling expenses, amounting to ¥54,245,620.80, primarily due to higher employee compensation and entertainment expenses[8]. - Research and development expenses for the period were CNY 29,943,090.58, compared to CNY 32,262,262.90 in the previous period[22]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,934[10]. - The largest shareholder, Li Youming, holds 39.00% of the shares, totaling 75,283,481 shares, with 4,010,000 shares pledged[10]. Project Developments - The company is in the process of issuing A-shares to specific investors, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission[13]. - Jiangxi Guangzhen has acquired land use rights for a site of 98,017.75 square meters for its new project, which is expected to produce 50,000 tons of electronic photosensitive materials annually[14]. - The company has received various permits for its new project, including construction land planning and construction engineering planning licenses[15][16]. - The company is awaiting environmental impact assessment approval for its new production project, with the timeline for approval remaining uncertain[16]. Credit and Impairment - The company recorded a credit impairment loss of -¥6,990,658.30, a significant decline of 620.93% compared to the previous year[8]. - The company recorded a credit impairment loss of CNY -6,990,658.30, compared to a gain of CNY 1,341,949.78 in the previous period[24]. Other Financial Information - The company did not adjust the beginning balance sheet items for the new leasing standards implemented in 2021, as it chose a simplified approach[30]. - The third-quarter report was not audited, which may affect the reliability of the financial data presented[31].