编号：2017-11 证券代码：300575 证券简称：中旗股份 江苏中旗科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|------------------------------------|------------------------------------------------------------------| | | | | | 投资者关系 | □ | 特定对象调研 □分析师会议 □媒体采访 | | 活动类别 | □ | 业绩说明会 □新闻发布会 □路演活动 | | | □ 现场参观 | □其他 （请文字说明其他活动内容） | | 参与单位名称 | 华创证券 曹令 陈凯茜 国都证券 王双 | | | 及人员姓名 | | 西南证券 商艾华 李海勇 国金证券 霍堃 孙蔚 | | 时间 | 2017 年 11 月 08 | | | 地点 | 江苏南京玄武区徐庄软件园苏园路 | 6 号 2 栋会议室 | | 上市公司 | | 董事副总经理兼董事会秘书 丁阳、证券事务代表 徐利 | | 接待人员姓名 | | | | 投资者关系活 | 一、 ...

编号：2018-02 证券代码：300575 证券简称：中旗股份 江苏中旗科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |-------------------------|--------------------------|----------------------------------------------------|----------------------------------|--------------------------------------------------------------------| | | | | | | | 投资者关系 | □ | 特定对象调研 □分析师会议 □媒体采访 | | | | 活动类别 | □ | 业绩说明会 □新闻发布会 □路演活动 | | | | | □ 现场参观 | | □其他 （请文字说明其他活动内容） | | | | | | | 南方基金 张磊 华泰证券 刘曦 易方达基金 张琦 征金资本 李瀚昊 | | 参与单位名称 及人员姓名 | | | | 天风证券 吴頔 沣杨资产 吴亮 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥822,507,457.36, representing a 37.72% increase year-over-year[5] - Net profit attributable to shareholders was ¥120,210,685.84, a significant increase of 252.90% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥128,993,387.53, up 285.49% year-over-year[5] - The total operating revenue for the period reached ¥2,164,838,253.82, an increase of 43.6% compared to ¥1,508,120,820.92 in the previous period[21] - The operating profit for the current period was ¥352,696,973.25, significantly higher than ¥142,871,837.65 from the previous period, reflecting a growth of 146.5%[21] - The net profit for Q3 2022 was CNY 303,003,945.40, a significant increase of 137.8% compared to CNY 127,313,498.08 in Q3 2021[22] - The total comprehensive income for the period was CNY 303,003,945.40, reflecting a strong performance compared to CNY 127,313,498.08 in the previous year[22] Cash Flow and Assets - Cash flow from operating activities showed a net increase of ¥477,768,131.46, reflecting a 455.11% increase compared to the previous year[9] - Cash and cash equivalents increased to ¥518,699,113.76 from ¥402,274,277.19, representing a growth of 29%[18] - Cash and cash equivalents at the end of the period totaled CNY 365,356,728.03, an increase from CNY 250,425,949.38 at the end of Q3 2021[24] - The net cash flow from operating activities was CNY 477,768,131.46, compared to CNY 86,067,193.90 in Q3 2021, marking a substantial increase[23] - The cash flow from investment activities was negative at CNY -481,791,626.44, worsening from CNY -284,710,185.63 in Q3 2021[23] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 8,561[11] - Wu Yaojun holds 28.84% of shares, totaling 89,407,395 shares, with 67,055,545 shares pledged[11] - Zhang Ji holds 5.75% of shares, totaling 17,820,000 shares[11] - The top 10 shareholders include various funds and banks, with the largest being Wu Yaojun[12] - The total number of restricted shares at the end of the period is 85,537,495[15] - Wu Yaojun's locked shares are subject to a transfer limit of 25% of his total holdings per year[15] - The company has not disclosed any related party relationships among other shareholders[12] - No shareholders among the top 10 are participating in margin financing[12] - The company has a total of 4,164,750 shares under equity incentive restrictions[15] - The report indicates that the company is under high management lock-up for certain shares[15] Expenses and Liabilities - The total operating costs amounted to ¥1,792,099,353.03, up 31.2% from ¥1,366,226,419.28 in the prior period[21] - The company's long-term equity investments rose to ¥75,044,197.49 from ¥47,449,583.71, marking an increase of 58.5%[18] - The total liabilities increased to ¥1,808,761,254.28 from ¥1,491,764,337.65, reflecting a rise of 21.2%[19] - The company incurred operating expenses of CNY 1,358,244,254.98, which is an increase from CNY 1,058,220,385.48 in Q3 2021[23] Research and Development - Research and development expenses rose to ¥49,077,728.71, marking a 32.77% increase due to higher investment in R&D[9] Borrowings and Investments - The company reported a significant increase in long-term borrowings, which rose by 74.25% to ¥687,748,249.74, primarily for new project financing[9] - The company is in the process of acquiring 100% equity of Jiangsu Sukeno Agricultural Chemical Co., Ltd., with a confirmed transaction amount of ¥11 million[16] Receivables and Inventory - The company experienced a 73.01% increase in receivables financing, totaling ¥32,582,828.13, due to an increase in received notes[9] - The company reported a decrease in inventory from ¥360,561,399.70 to ¥316,712,594.44, a reduction of 12.1%[18]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,342,330,796.46, representing a 47.37% increase compared to CNY 910,872,470.00 in the same period last year[24]. - Net profit attributable to shareholders was CNY 179,199,164.97, a 94.14% increase from CNY 92,302,635.17 year-on-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 179,659,042.54, up 109.31% from CNY 85,832,690.85 in the previous year[24]. - The net cash flow from operating activities reached CNY 343,323,216.91, a significant increase of 744.35% compared to CNY 40,661,252.27 in the same period last year[25]. - Basic earnings per share were CNY 0.58, reflecting a 93.33% increase from CNY 0.30 in the previous year[25]. - Total assets at the end of the reporting period were CNY 3,520,232,201.20, an increase of 11.59% from CNY 3,154,713,796.81 at the end of the previous year[25]. - The net assets attributable to shareholders increased to CNY 1,802,047,218.17, up 8.79% from CNY 1,656,487,679.47 at the end of the previous year[25]. Corporate Governance and Transparency - The company reported no cash dividends, stock bonuses, or capital reserve transfers to increase share capital for the period[4]. - The financial report is guaranteed to be true, accurate, and complete by the board of directors and management[3]. - The company has a commitment to transparency in its financial disclosures and has made all relevant documents available for public access[10]. - The company has not reported any changes in its information disclosure practices during the reporting period[19]. - The company emphasizes the importance of reading the full report, especially the section on risks and countermeasures[3]. Research and Development - The company holds 81 authorized patents, including 53 invention patents, showcasing its strong technological capabilities[38]. - The company has developed over 600 pesticide active ingredients, indicating a diverse product portfolio[39]. - Research and development expenses increased by 36.20% to ¥30,712,666.48, reflecting increased investment in R&D projects[44]. - Research and development expenses for the first half of 2022 were CNY 30,712,666.48, up from CNY 22,549,211.32 in the same period last year, indicating a growth of 36.2%[160]. Market Position and Strategy - The global agricultural chemical industry is experiencing increased demand due to geopolitical tensions and rising food security concerns, which is expected to benefit the company's market position[33]. - The company is positioned in a growth phase within the pesticide industry, which is characterized by rigid demand in downstream sectors[38]. - The company plans to expand its market presence and invest in new product development to sustain growth momentum in the upcoming quarters[160]. - The company plans to introduce two new product lines in the next quarter, aiming to capture emerging market segments[184]. - The company has set a performance guidance of 15% revenue growth for the next fiscal year, driven by new product launches and market expansion[172]. Environmental Compliance - The company reported a total COD discharge of 31.32 tons, with a concentration of 142.55 mg/L, against a standard limit of 500 mg/L[88]. - The company has established a wastewater treatment station that operates under a "one enterprise, one pipe" discharge policy, ensuring compliance with discharge standards[89]. - The company has implemented advanced wastewater treatment technologies, including high-efficiency catalytic oxidation and MBBR systems, to enhance treatment efficiency[89]. - The company has established a dedicated environmental management organization to oversee compliance with environmental regulations[89]. Financial Management - The company has not disclosed any significant asset or equity sales during the reporting period[21]. - The company has not engaged in any derivative investments during the reporting period[67]. - The company has maintained a stable financial position with no expected impairment on entrusted financial management[66]. - The company reported a net increase in cash and cash equivalents of ¥144,195,490.36, a 146.46% rise compared to the previous year, attributed to improved cash flow from operating and financing activities[44]. Shareholder Information - The largest shareholder, Wu Yaojun, holds 28.84% of the shares, totaling 89,407,395 shares, with a pledge of 22,351,850 shares[138]. - The second largest shareholder, Zhou Xuejin, owns 5.76% of the shares, amounting to 17,868,035 shares, with no changes reported[138]. - The report indicates that the company has not disclosed any significant changes in shareholder relationships or voting rights among the top ten shareholders[140]. - The company has seen a significant increase in shareholding from institutional investors, indicating growing confidence in its performance[139]. Risk Management - The company faced significant risks related to raw material supply and price fluctuations, which heavily impacted operating costs and gross margins[72]. - Environmental protection and safety production risks were highlighted, with potential impacts on operations due to stricter regulations and the nature of the chemical industry[72]. - Foreign exchange risk management strategies include export trade financing and the use of foreign exchange derivatives to address the high proportion of overseas sales revenue[74]. Operational Efficiency - The company has implemented a flexible production mechanism, allowing for quick adaptation to market demands while maintaining product quality[41]. - The gross profit margin in the pesticide industry was 23.84%, up from 21.81% in the previous year, indicating improved profitability[46]. - The overall operating margin improved to 15%, reflecting better cost management and operational efficiency[172]. Social Responsibility - The company actively participates in social responsibility initiatives, including volunteer activities related to public health[97]. - The company emphasizes employee training and development, providing various training programs to enhance staff skills and knowledge[96].

Financial Performance - The company's revenue for Q1 2022 was ¥697,011,849.26, representing a 41.22% increase compared to ¥493,571,452.38 in the same period last year[3] - Net profit attributable to shareholders was ¥108,487,534.29, an increase of 80.70% from ¥60,038,593.93 year-on-year[3] - Basic earnings per share rose to ¥0.52, up 79.31% from ¥0.29 in the same period last year[3] - Operating profit for the period was ¥123,305,135.09, up 83.1% from ¥67,391,838.71 in the previous year[22] - Total comprehensive income for the period was ¥109,569,267.39, compared to ¥60,301,557.99 in the same quarter last year, marking an increase of 81.7%[22] Cash Flow - The net cash flow from operating activities was ¥127,163,675.68, a significant improvement of 386.33% compared to -¥44,411,036.05 in the previous year[3] - Total cash inflow from operating activities amounted to ¥615,203,431.77, up from ¥396,181,122.11 in the prior period, reflecting a growth of approximately 55.2%[26] - Cash outflow for operating activities was ¥488,039,756.09, compared to ¥440,592,158.16 in the previous period, indicating an increase of about 10.8%[26] - The net cash flow from financing activities was ¥106,322,590.51, a recovery from a net outflow of -¥188,033,061.33 in the previous period[26] - Cash received from borrowings amounted to ¥164,014,472.32, compared to ¥65,078,265.75 in the previous period, reflecting a growth of approximately 152.5%[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,394,889,507.87, a 7.61% increase from ¥3,154,713,796.81 at the end of the previous year[3] - Total liabilities increased to ¥1,617,411,720.47, compared to ¥1,491,764,337.65 in the same period last year, reflecting a growth of 8.4%[19] - Non-current liabilities rose to ¥568,817,375.92, up 34.5% from ¥422,737,365.08 in Q1 2021[19] - The company's total equity reached ¥1,777,477,787.40, an increase of 6.8% from ¥1,662,949,459.16 in the previous year[19] Investments and Expenses - Research and development expenses amounted to ¥13,250,073.15, slightly up from ¥12,855,649.69 in the previous year, reflecting ongoing investment in innovation[20] - The company reported a total operating cost of ¥565,531,801.94, which is an increase of 33.3% from ¥424,384,951.96 in Q1 2021[20] - Financial expenses increased by 190.58% to ¥1,566,049.81, primarily due to exchange rate fluctuations[7] Shareholder Information - The company reported a total of 59,911,222 shares under lock-up agreements, with specific details on executive lock-up shares[14] - The top ten unrestricted shareholders hold a total of 56,000,000 shares, with the largest shareholder holding 16,494,690 shares[11] Government Support - The company received government subsidies amounting to ¥1,900,956.65, which are closely related to its normal business operations[5] Other Information - The company has no plans for significant new strategies or mergers and acquisitions announced during the quarter[15] - The company's cash and cash equivalents at the end of the first quarter amounted to CNY 453,250,134.78, up from CNY 402,274,277.19 at the beginning of the year, indicating an increase of about 12.7%[16] - Accounts receivable increased to CNY 550,306,459.77 from CNY 438,445,572.62, representing a growth of approximately 25.5%[17] - The company's inventory decreased to CNY 303,993,536.68 from CNY 360,561,399.70, showing a decline of about 15.7%[17] - Long-term equity investments rose to CNY 58,345,901.82 from CNY 47,449,583.71, marking an increase of approximately 23.4%[17] - The total current assets amounted to CNY 1,537,030,040.89, compared to CNY 1,437,170,322.26 at the beginning of the year, reflecting a growth of about 6.9%[17] - Non-current assets totaled CNY 1,857,859,466.98, up from CNY 1,717,543,474.55, indicating an increase of approximately 8.2%[17]

Financial Performance - The company's operating revenue for 2021 was ¥2,192,805,168.74, representing a 17.78% increase compared to ¥1,861,749,308.55 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥213,613,956.14, an increase of 8.88% from ¥196,187,719.89 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥200,901,439.46, which is a 21.22% increase from ¥165,732,312.64 in 2020[18]. - The net cash flow from operating activities decreased by 56.06% to ¥140,619,642.67 from ¥320,013,995.90 in 2020[18]. - The total assets at the end of 2021 were ¥3,154,713,796.81, a 24.19% increase from ¥2,540,212,366.99 at the end of 2020[18]. - The net assets attributable to shareholders increased by 13.65% to ¥1,656,487,679.47 from ¥1,457,503,003.93 at the end of 2020[18]. - The basic earnings per share for 2021 was ¥1.03, up 8.42% from ¥0.95 in 2020[18]. - The diluted earnings per share also stood at ¥1.03, reflecting the same increase of 8.42% from ¥0.95 in 2020[18]. - The weighted average return on equity for 2021 was 13.99%, slightly down from 14.37% in 2020[18]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of ¥3.00 per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[4]. - The company reported a net profit of RMB 215,706,846.13 for the 2021 fiscal year, with a distributable profit of RMB 922,533,354.75[143]. - The cash dividend for 2021 was set at RMB 3.00 per 10 shares (including tax), amounting to RMB 62,011,800[144]. - The company’s cash dividend distribution accounted for 100% of the total distributable profit[141]. Market Position and Industry Trends - The company achieved a total revenue of 667.03 billion USD in the global crop protection market, with a compound annual growth rate of 3% from 2018 to 2023[29]. - The domestic pesticide industry is undergoing significant transformation, with increased demand for green pesticides and a rise in prices due to supply constraints and environmental policies[30]. - The company holds a leading position in several niche markets, including chlorfenapyr and thiamethoxam, and has received multiple industry awards for its performance[31]. - The company is positioned in a growth phase within the pesticide industry, which is characterized by cyclical trends influenced by upstream petrochemical industries[30]. - The company has seen an increase in international demand for its pesticides, particularly raw materials, leading to a supply-demand imbalance in 2021[30]. Research and Development - The company has established a complete R&D system and has been recognized as a high-tech enterprise since 2010, with a focus on product innovation and technology[36]. - The company is focused on the research, development, production, and sales of new high-efficiency and low-toxicity pesticides[32]. - The company holds 67 patents and has 69 patent applications accepted by the national patent office, indicating strong R&D capabilities[53]. - The company is currently conducting trials for several new products, including new green herbicides and insecticides, aimed at increasing future profit growth points[71]. - The company is investing in research and development to expand its product offerings, with a focus on innovative formulations and effective pest control solutions[45]. Production and Capacity - The company's main products are chemical pesticides, with a production capacity of 8,450 tons/year for active ingredients and 3,000 tons/year for formulations, achieving utilization rates of 79.42% and 29.75% respectively[39]. - The company is currently constructing an additional production capacity of 15,500 tons/year for active ingredients[39]. - The company has implemented several technology renovation projects aimed at increasing capacity and reducing emissions, achieving good economic and social benefits[53]. Environmental and Safety Management - The company emphasizes environmental protection and safety as key components of its sustainable development strategy[163]. - The company has established a comprehensive environmental management system, including regulations for wastewater discharge and pollution incident emergency plans[156]. - The company has taken measures to ensure compliance with environmental standards, with no instances of exceeding discharge limits reported[155]. - The company has a dedicated safety management department with 20 personnel, including 7 registered safety engineers, responsible for safety management[164]. - The company has conducted emergency response drills for environmental incidents to ensure preparedness[160]. Governance and Compliance - The company has established a robust governance structure, complying with relevant laws and regulations, ensuring independent operation from its controlling shareholders[102]. - The board of directors consists of 5 members, including 2 independent directors, ensuring compliance with governance standards[103]. - The company has maintained effective internal control over financial reporting, with no significant deficiencies identified as of the evaluation report date[151]. - The company has established independent operational management structures, ensuring no overlap with its controlling shareholders[108]. - The company has a policy for determining remuneration based on profitability and performance metrics[124]. Risks and Challenges - The company faces significant risks from raw material supply and price fluctuations, which impact operating costs and gross margins[97]. - Environmental protection and safety production risks are present due to the nature of the pesticide industry, with potential impacts on operations from regulatory actions[98]. - The company will seek to raise funds through internal accumulation, capital markets, and bank loans to support its expanding operations[96]. Employee and Management Structure - The total number of employees at the end of the reporting period is 1,609, with 978 in the parent company and 631 in major subsidiaries[135]. - The professional composition includes 847 production personnel, 55 sales personnel, 405 technical personnel, 19 financial personnel, and 283 administrative personnel[135]. - The company has a performance-based compensation system that encourages employees to improve their professional skills and work performance[136]. - The management team has undergone significant changes, with several new appointments aimed at bringing fresh perspectives to the company's strategic direction[114]. Strategic Initiatives - The company is focused on expanding its product offerings and enhancing production capabilities to meet market demand[42]. - The company plans to lower manufacturing costs and improve labor productivity through technological transformation and internal optimization[95]. - The company aims to enhance its research and development capabilities by increasing investment in R&D facilities and projects[95]. - The company is actively investing in new product development, particularly in the technology sector, aiming to launch at least three new products in the next fiscal year[114].

江苏中旗科技股份有限公司 2021 年第三季度报告 证券代码：300575 证券简称：中旗股份 公告编号：2021-056 江苏中旗科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 597,248,350.92 | 42.95% | 1,508,120,820.92 | 5.8 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 910,872,470, a decrease of 9.51% compared to CNY 1,006,626,047 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 92,302,635, down 25.45% from CNY 123,817,291 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 85,832,690, a decrease of 25.18% compared to CNY 114,724,902 in the same period last year[22]. - The net cash flow from operating activities was CNY 40,661,252, down 60.98% from CNY 104,202,438 in the previous year[23]. - Basic earnings per share decreased to CNY 0.45, down 25.00% from CNY 0.60 in the same period last year[23]. - Diluted earnings per share were CNY 0.46, a decrease of 25.81% compared to CNY 0.62 in the previous year[23]. - The weighted average return on net assets was 6.21%, down from 9.21% in the previous year, a decrease of 3.00%[23]. - The operating cost decreased by 5.41% to ¥715.10 million from ¥755.98 million, resulting in a gross margin of 21.81%, down 3.31% year-on-year[46]. - The company reported a total of ¥45,568,000 in entrusted financial management, with no overdue amounts[63]. Cash Flow and Investments - The cash flow from operating activities decreased by 60.98% to ¥40.66 million, primarily due to increased payments for raw materials[44]. - The company's investment activities generated a cash outflow of ¥80.43 million, a 160.21% increase compared to the previous year, due to ongoing project investments[44]. - The company's net cash and cash equivalents decreased by 397.08% to -¥310.35 million, reflecting significant cash outflows from financing activities[45]. - The cash outflow from investing activities was CNY 660,620,675.26, up from CNY 459,432,258.62 in the previous year, indicating a rise of approximately 43.8%[171]. - The cash inflow from investment activities was CNY 580,188,590.05, compared to CNY 428,521,727.29 in the first half of 2020, marking an increase of approximately 35.4%[171]. Market Position and Strategy - The company holds a leading position in several niche markets, including chlorfluoropyr and thiamethoxam[33]. - The global pesticide market is expected to grow due to increasing food demand and climate-related challenges, despite rising raw material costs and international shipping prices[31]. - The company emphasizes research and development, having established provincial engineering technology research centers and a strong R&D team[36]. - The company operates under a self-export model for overseas sales, directly selling to foreign agrochemical companies[36]. - The domestic agrochemical industry is consolidating, with larger companies gaining competitive advantages amid regulatory pressures[32]. - The company’s production and sales strategies are aligned with market demand and seasonal trends to optimize procurement and production planning[36]. Environmental Management - Guorui Chemical reported a total COD discharge of 8.02 tons against a permitted limit of 151.94 tons, with a concentration of 142.19 mg/L, well below the standard of 500 mg/L[85]. - The company has established a comprehensive environmental management system, including regulations for wastewater discharge and solid waste management[87]. - The company employs advanced wastewater treatment processes, including high-efficiency catalytic oxidation and MBBR technology, to improve treatment efficiency[87]. - The company has implemented a rainwater and sewage diversion system to manage wastewater effectively[88]. - The company has constructed rotary kilns and liquid incineration facilities for the disposal of hazardous waste, ensuring compliance with regulations[88]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - A total of 2,691,225 shares, approximately 1.30% of the total share capital, will be released from restrictions for 259 eligible incentive recipients[81]. - The total number of shares decreased from 138,049,500 to 138,010,500 due to the repurchase and cancellation of 39,000 restricted stocks[129]. - The basic earnings per share for the reporting period was CNY 0.45, while the diluted earnings per share was CNY 0.46[133]. - The largest shareholder, Wu Yaojun, holds 28.79% of the shares, totaling 12,450,000 shares[138]. Future Outlook and Challenges - The company aims to enhance its market expansion strategies and invest in new technologies to drive future growth[162]. - The company plans to enhance procurement management to mitigate the impact of raw material price fluctuations on operating costs and gross margins[73]. - Future capital expenditures for new project constructions may lead to increased depreciation and operational costs, potentially affecting profitability[73]. - The company is exposed to foreign exchange risks due to a significant portion of sales being denominated in USD, and it employs various measures to manage this risk[74]. - The company aims to enhance its product offerings and improve operational efficiency through strategic initiatives[177].

Financial Performance - The company's operating revenue for 2020 was ¥1,861,749,308.55, representing an increase of 18.65% compared to ¥1,569,075,036.16 in 2019[15] - The net profit attributable to shareholders for 2020 was ¥196,187,719.89, a growth of 31.00% from ¥149,762,694.22 in the previous year[15] - The net cash flow from operating activities increased by 25.51% to ¥320,013,995.90 in 2020, up from ¥254,973,691.39 in 2019[15] - Basic earnings per share rose to ¥1.42, reflecting a 25.66% increase from ¥1.13 in 2019[15] - Total assets at the end of 2020 reached ¥2,540,212,366.99, marking a 13.38% increase from ¥2,240,386,397.11 at the end of 2019[15] - The net assets attributable to shareholders increased by 13.67% to ¥1,457,503,003.93 at the end of 2020, compared to ¥1,282,236,643.49 at the end of 2019[15] - The company reported a diluted earnings per share of ¥1.48, which is a 30.97% increase from ¥1.13 in 2019[15] - The company’s weighted average return on equity was 14.37% in 2020, up from 12.18% in 2019[15] - The total revenue for the company in 2020 reached approximately ¥30.46 billion, a significant increase from ¥4.31 billion in 2019[22] Dividend Policy - The company plans to distribute a cash dividend of ¥4 per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[4] - The proposed cash dividend for 2020 is RMB 4.00 per 10 shares, totaling RMB 55,204,200, which represents 28.14% of the net profit attributable to ordinary shareholders[116] - The total distributable profit for the year 2020 was RMB 783,126,692.64, after accounting for statutory reserves and previous year's profit distribution[112] - The company did not issue any bonus shares or capital reserve transfers in 2020, maintaining a clear cash dividend policy[114] - The cash dividend payout ratio for 2019 was 26.45%, with a total cash dividend of RMB 39,609,000[116] - The company has established a transparent and compliant profit distribution policy, ensuring the protection of minority shareholders' rights[110] Market Position and Strategy - The company holds a leading position in several niche markets, including chlorfenapyr and thiamethoxam, and has been recognized as one of the top 100 pesticide companies in China[28] - The company is focused on the research and development of new, efficient, and low-toxicity pesticides, aligning with industry trends towards sustainable agricultural practices[28] - The domestic pesticide industry is expected to see consolidation, with stronger companies gaining market share due to stricter environmental regulations[26] - The company aims to expand its market presence through strategic initiatives and potential acquisitions[49] - The company is focused on developing new products and technologies to enhance its market position[49] Research and Development - The company has developed over 600 pesticide active ingredients, showcasing its diverse product portfolio and market adaptability[37] - The company has obtained over 100 pesticide registration certificates and more than 50 production licenses domestically, enhancing its market presence[38] - The company’s R&D expenses increased by 34.20% to approximately ¥59.30 million in 2020, driven by increased investment in new project development[69] - The proportion of R&D personnel increased to 16.07% of total employees, reflecting the company's focus on enhancing its R&D capabilities[71] Environmental Management - The company has established comprehensive environmental management systems, including regulations for wastewater discharge and solid waste management[195] - Jiangsu Zhongqi has implemented advanced wastewater treatment technologies, including high-efficiency catalytic oxidation and MBBR systems, to enhance treatment efficiency[196] - The company has constructed rotary kilns and liquid-phase incineration facilities for hazardous waste disposal, ensuring compliance with regulations[197] - The company has established an emergency response plan for environmental incidents and conducted drills to evaluate and revise emergency measures accordingly[199] Risks and Challenges - The company faces risks related to raw material supply and price fluctuations, exchange rate risks, and environmental protection[4] - The company has indicated that the overall demand in the industry has slowed down, leading to lower-than-expected sales revenue from fundraising projects[96] - The company has faced challenges in production and sales plans due to the impact of the COVID-19 pandemic and global economic slowdown[96] Financial Management - The company reported a significant increase in financial expenses by 161.27% to approximately ¥33.07 million, mainly due to exchange rate fluctuations[69] - The cash and cash equivalents increased by 574.31% to approximately ¥231.05 million, attributed to net cash inflows from operating, investing, and financing activities[75] - The company has ongoing significant non-equity investments, including a project for 15,500 tons of new pesticide raw materials, with a total investment of ¥49,762,500[88] Corporate Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of the initial public offering[117] - Shareholders have a lock-up period of 6 months post-IPO, during which they cannot transfer their shares[119] - The company has established a commitment to ensure compliance with share transfer regulations during the lock-up period[121] - The company has outlined specific conditions under which the lock-up period may be adjusted based on stock performance[120] Community Engagement - The company donated over 100,000 to charitable causes, including 5,000 N95 masks to Wuhan Red Cross during the pandemic[187] - The company donated 2.525 million to support the educational development of Nanjing University[187] Safety and Compliance - The company invested 1,062 million in safety production measures during the reporting period, with no major safety incidents occurring[190] - The company has a dedicated safety management team of 20 personnel, including 6 registered safety engineers[188]

江苏中旗科技股份有限公司 2021 年第一季度报告全文 江苏中旗科技股份有限公司 2021 年 04 月 1 江苏中旗科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴耀军、主管会计工作负责人顾游及会计机构负责人(会计主管 人员)刘红妮声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏中旗科技股份有限公司 2021 年第一季度报告全文 2021 年第一季度报告 2021-022 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 493,571,452.38 | 456,920,913.02 | 8.02% | | 归属于上市公司股东的净利润（元） | 60,038,593.93 | ...