证券代码：300599 证券简称：雄塑科技 编号：2023-001 广东雄塑科技集团股份有限公司 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 √业绩说明会 | | 活动类别 | □新闻发布会 □路演活动 | | | □现场参观 □其他 | | 参与单位名称 | 通过投资者关系互动平台"全景·路演天下"（http://rs.p5w.net） | | 及人员姓名 | 参与本次业绩说明会的投资者 | | 时间 | 2023 年 5 月 10 日 | | 地点 | 网上交流 | | 上市公司接待 人员姓名 | 董事长 黄淦雄 | | | 独立董事 范荣 | | | 董事、副总经理兼财务总监 吴端明 | | | 副总经理兼董事会秘书 黎丹 | | | 中信证券股份有限公司保荐代表人 王国威 1、问：上市这么多年还定增一次圈钱，看看股价走的难道你们高管 | | | 不脸红吗？不愧对亏损累累投资你们公司的股民吗？以后有什么后 | | | 续措施保持业绩不亏损和股民有个交代。 | | | 答：尊敬的投资者，您好！股价波动受内外部各类因素影响。在新 ...

Financial Performance - The company reported a significant decline in performance due to a sluggish domestic real estate market, resulting in a substantial drop in sales volume and a decrease in gross margin [4]. - The company's operating revenue for 2022 was ¥1,769,026,215.57, a decrease of 24.97% compared to ¥2,357,742,682.69 in 2021 [24]. - The net profit attributable to shareholders for 2022 was -¥1,709,930.29, representing a decline of 101.54% from ¥111,054,159.18 in 2021 [24]. - The total assets at the end of 2022 were ¥2,695,960,263.99, a decrease of 6.74% from ¥2,890,875,426.42 at the end of 2021 [24]. - The company reported a basic earnings per share of ¥0 for 2022, down 100% from ¥0.33 in 2021 [24]. - The company has seen a significant increase in cash flow from operating activities, indicating improved operational efficiency despite the overall revenue decline [24]. - The company’s overall operating performance aligns with industry trends, despite the challenges faced during the reporting period [4]. - The company’s future outlook remains cautiously optimistic, with no significant risks to its ongoing operations anticipated [5]. Industry Context - The plastic pipe industry faced significant pressure in 2022, with a 1.7% decline in revenue for the rubber and plastic products industry, totaling ¥29,727 billion [33]. - The total profit for the rubber and plastic products industry in 2022 was ¥1,644 billion, down 5.6% year-on-year [33]. - The company acknowledges the risk of intensified competition in the plastic pipe industry, particularly if supply increases faster than demand recovery [7]. - The plastic pipe industry is currently in a recovery phase, with the company emphasizing the importance of maintaining competitive advantages in product structure and R&D to avoid operational pressures [7]. Research and Development - The company invested CNY 46.514 million in R&D, accounting for 2.63% of operating revenue, and obtained 39 new patents during the year, bringing the total to 192 [57]. - The company has a strong focus on R&D, with significant advancements in technologies such as graphene material application and noise reduction energy-saving technology [50]. - The company is developing a non-toxic antioxidant for PVC fittings to delay aging and brittleness during use, currently in the sample design phase [75]. - The company is expanding its product line through various R&D projects, enhancing market competitiveness [75]. - The company has developed a graphene-modified HDPE pipe that enhances stress crack resistance, thereby extending the lifespan of the pipes [77]. Strategic Initiatives - The company plans to focus on resource integration and improve development quality, targeting new growth areas in municipal, agricultural, and environmental sectors [5]. - The company plans to focus on market expansion and new product development to address the competitive pressures faced in the industry [68]. - The company aims to enhance its service capabilities and lead market trends by independently developing new materials and structures for plastic and composite pipe products [5]. - The company is committed to a strategy of "efficiency improvement + cost reduction" to provide higher cost-performance products to customers [5]. Governance and Shareholder Relations - The company emphasizes the protection of stakeholders' rights, balancing interests among shareholders, management, employees, and society [134]. - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders [129]. - The company operates independently from its controlling shareholder, maintaining separate business and financial operations [130]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements [131]. Environmental Responsibility - The company adheres to various environmental protection laws and standards during its production processes [184]. - The company has obtained ISO14001 environmental management system certification and China Environmental Label Product certification [185]. - The total investment in environmental governance and protection during the reporting period amounted to approximately RMB 1.9 million [191]. - The company has implemented a comprehensive wastewater treatment system, ensuring that production wastewater is recycled and not discharged [188]. Market Expansion and Future Outlook - The company plans to expand its market presence while stabilizing existing markets, focusing on resource allocation to explore niche markets [120]. - The company is committed to expanding its international market presence, particularly in Southeast Asia, to enhance its global competitiveness [112]. - The company is focused on sustainability initiatives, with plans to reduce carbon emissions by 15% over the next three years [151]. - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies [151].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 317,920,796.63, a decrease of 33.47% compared to CNY 477,842,870.24 in the same period last year[3] - Net profit attributable to shareholders for Q1 2023 was CNY 15,344,149.55, representing an increase of 108.10% from CNY 7,373,524.97 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 11,858,948.26, up 87.52% from CNY 6,324,204.92 in the previous year[3] - The total profit for Q1 2023 reached CNY 18,799,082.15, a 100.19% increase compared to CNY 9,390,817.20 in Q1 2022[8] - Net profit for Q1 2023 was CNY 15,344,149.55, reflecting a growth of 108.10% from CNY 7,373,524.97 in the same period last year[8] - Operating profit rose by 77.48% to CNY 18,951,006.32, up from CNY 10,677,840.73 in the previous year[8] Cash Flow and Liquidity - The net cash flow from operating activities improved to -CNY 8,796,729.78, a significant increase of 84.10% compared to -CNY 55,314,401.31 in the same period last year[3] - Cash flow from operating activities showed a net outflow of CNY 8,796,729.78, an improvement of 84.10% compared to a net outflow of CNY 55,314,401.31 in Q1 2022[8] - The company reported a net cash decrease of CNY 39,334,037.35, an improvement of 69.54% from a decrease of CNY 129,132,752.95 in the same period last year[9] - The company received CNY 793,025.75 in tax refunds, a significant increase of 741.74% from CNY 94,212.13 in the same quarter last year[8] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,632,086,589.47, a decrease of 2.37% from CNY 2,695,960,263.99 at the end of the previous year[3] - Total liabilities decreased to RMB 383,397,284.11 from RMB 462,615,108.18, a decline of about 17.1%[18] - The total current liabilities decreased to RMB 331,709,471.64 from RMB 409,498,397.84, a reduction of about 19%[18] - The company's cash and cash equivalents decreased to RMB 760,366,987.91 from RMB 803,771,775.58, reflecting a decline of approximately 5.5%[17] Shareholder Equity - Shareholders' equity attributable to the parent company increased to CNY 2,248,689,305.36, up 0.69% from CNY 2,233,345,155.81 at the end of the previous year[3] - The company's equity attributable to shareholders increased to RMB 2,248,689,305.36 from RMB 2,233,345,155.81, showing a growth of approximately 0.7%[19] Operating Costs - The company reported a significant decrease in operating costs to CNY 258,788,206.64, down 37.94% from CNY 416,980,754.56 year-on-year, attributed to lower sales volume and material cost reductions[7] - Total operating costs for the current period are $299.99 million, down 35.5% from $465.60 million in the previous period[21] Earnings Per Share - Basic and diluted earnings per share for Q1 2023 were both CNY 0.04, doubling from CNY 0.02 in the same quarter of the previous year[3] - Basic earnings per share increased to CNY 0.04, doubling from CNY 0.02 in Q1 2022[8] Non-Recurring Gains - The company recorded a total of CNY 3,485,201.29 in non-recurring gains, primarily from government subsidies and the reversal of impairment provisions[5] Research and Development - Research and development expenses for the current period are $7.85 million, down 28.5% from $11.04 million in the previous period[21] Market Activity - The company has no new product launches or significant technological developments reported in this quarter[16] - There are no indications of market expansion or mergers and acquisitions mentioned in the report[16] - The company has not conducted any mergers or acquisitions during the reporting period[27]

证券代码：300599 证券简称：雄塑科技 公告编号：2023-023 广东雄塑科技集团股份有限公司 关于举办2022年度网上业绩说明会的公告 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。 广东雄塑科技集团股份有限公司（以下简称"公司"或"雄塑科技"）《2022 年年度报告》及摘要已于 2023 年 4 月 27 日在中国证券监督管理委员会指定创业 板信息披露网站巨潮资讯网（www.cninfo.com.cn）上披露。为加强投资者沟通 交流，公司拟于 2023 年 5 月 10 日举办"雄塑科技 2022 年度网上业绩说明会"， 欢迎广大投资者积极参与。 一、业绩说明会的安排 （一）召开时间：北京时间 2023 年 5 月 10 日（星期三）下午 15:00-17:00 （二）召开方式：网络远程 （三）出席人员：董事长黄淦雄先生，独立董事范荣先生，董事、副总经理 兼财务总监吴端明先生，副总经理兼董事会秘书黎丹女士，保荐代表人王国威先 生。 （四）接入方式：投资者可登陆全景网投资者关系互动平台"全景·路演天 下"（http://rs.p5w.net）参与本次业 ...

Financial Performance - The company's operating revenue for the reporting period was ¥918,079,780.50, a decrease of 13.94% compared to ¥1,066,772,758.13 in the same period last year [29]. - The net profit attributable to shareholders was ¥24,943,491.19, down 68.88% from ¥80,150,358.84 year-on-year [29]. - The basic earnings per share decreased to ¥0.07, down 73.08% from ¥0.26 in the same period last year [29]. - Total assets at the end of the reporting period were ¥2,769,048,344.48, a decline of 4.21% from ¥2,890,875,426.42 at the end of the previous year [29]. - The company's cash and cash equivalents decreased by 133.51% year-on-year, primarily due to reduced cash inflows from financing activities [57]. - The company's asset-liability ratio stood at 18.38%, reflecting a low level of financial risk [54]. - The total operating revenue for the first half of 2022 was ¥918,079,780.50, a decrease of 13.93% compared to ¥1,066,772,758.13 in the first half of 2021 [185]. - Net profit for the first half of 2022 was ¥24,943,491.19, down 68.96% from ¥80,150,358.84 in the first half of 2021 [187]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2022, representing a year-over-year growth of 15% [100]. Investment and Projects - The company has ongoing investment projects, including the Jiangxi new plastic pipe project with an annual capacity of 82,000 tons and the Henan PVC and PE pipe project with an annual capacity of 52,000 tons, which may face market absorption risks [10]. - The total investment amount for the reporting period was ¥122,851,329.25, representing a year-on-year increase of 10.27% from ¥111,414,122.54 [65]. - The company has invested in a new project with an annual production capacity of 52,000 tons for high-performance polymer composite pipes in Hainan [73]. - The company has allocated funds for working capital, amounting to 9,064.83 million, ensuring operational efficiency [73]. - The company plans to invest 130 million yuan from raised funds into the establishment of a wholly-owned subsidiary in Hainan for the "High-Performance Polymer Composite Pipe Production, Marine Aquaculture Equipment Manufacturing, and Modern Agricultural Facility Base Project" [78]. - The "Jiangxi New Plastic Pipe Material and Accessories Project" has completed its first phase construction and is operational, with a cumulative investment of 130.02 million yuan, achieving 100.02% of the planned investment [78]. Market Conditions and Risks - The company reported a significant risk of slowdown in the plastic pipeline industry due to the macroeconomic environment, which is closely tied to national economic cycles [6]. - The company faces intensified competition in the plastic pipeline industry, which may impact its market share and operational performance if it fails to maintain advantages in product structure and market coverage [7]. - The company is exposed to risks from fluctuations in raw material prices, particularly for PVC, PP, and PE, which constitute a high proportion of production costs [9]. - The overall market demand has contracted, leading to challenges in achieving expected revenue and profitability across various projects [74]. - Increased competition in the plastic pipeline industry poses a risk, and the company aims to enhance product advantages and brand value through increased R&D investment [95]. Research and Development - Research and development investment totaled CNY 24.25 million, accounting for 2.64% of operating revenue, with 15 new patents added during the reporting period [54]. - The company has a strong R&D team with a complete management system, continuously investing in innovative projects and holding numerous proprietary technologies [45]. - The company is enhancing its R&D capabilities through the renovation of the R&D center, which will support the development of new products and improve existing ones [74]. - The company plans to invest 100 million RMB in R&D for sustainable materials over the next three years, aiming to lead in eco-friendly product offerings [100]. Financial Management - The company has strengthened its risk management awareness to ensure a stable financial structure and healthy financial indicators amid a complex external economic environment [54]. - The company has a unique supplier information database to ensure competitive procurement practices [40]. - The company has engaged in high-risk entrusted financial management, with specific details not applicable [81]. - The company plans to continue its financial management strategy with a focus on maintaining liquidity and safety [82]. - The company has committed to transparency in its financial management practices, providing detailed reports on investment performance [81]. Environmental and Social Responsibility - The company has obtained ISO14001 environmental management system certification and various pollutant discharge permits valid until July 2023 [110]. - The company has implemented a wastewater treatment system that recycles production wastewater and treats domestic sewage before discharge [112]. - The company has established a comprehensive emergency response plan for environmental incidents to minimize potential impacts [114]. - The company emphasizes talent development and employee rights protection, ensuring a safe and clean working environment [116]. - The company donated 1 million yuan to the Nanhai District Charity Association to support public welfare and environmental sanitation during the reporting period [122]. Corporate Governance and Compliance - The company has not reported any significant equity investment during the reporting period [66]. - The company has not engaged in any violations regarding external guarantees during the reporting period, with a total approved guarantee amount of 20,000,000 yuan and an actual guarantee balance of 1,500,000 yuan [147]. - The semi-annual financial report has not been audited [130]. - The company has committed to comply with the relevant regulations regarding shareholder reductions, limiting annual reductions to no more than 5% of the total shares [127]. - The company has no significant litigation or arbitration matters during the reporting period [133].

广东雄塑科技集团股份有限公司 2022 年第一季度报告全文 证券代码：300599 证券简称：雄塑科技 公告编号：2022-025 广东雄塑科技集团股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中 财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期 | | --- | --- | --- | --- | | | | | 增减 | | 营业收入（元） | 477,842,870.24 | 471,550,718.23 | 1.33% | | 归属于上市公司股东的净利润 （元） | 7,373,52 ...

Economic Environment and Industry Risks - The company reported a significant reliance on the macroeconomic environment, with risks associated with the slowdown in economic growth impacting the plastic pipe industry [5]. - The company faces intensified competition in the plastic pipe industry, necessitating continuous improvement in product structure and market expansion to maintain market share [7]. - Fluctuations in raw material prices, particularly for PVC, polypropylene, and polyethylene, pose a risk to the company's profitability due to high raw material cost proportions [8]. - The company is aware of the potential risks associated with new capacity not being absorbed in the market, which could adversely affect overall profitability [134]. - The company faces risks from macroeconomic slowdowns, which could impact the plastic pipeline industry's growth [131]. - Increased competition in the plastic pipeline industry may challenge the company's market share if it fails to maintain product and service advantages [132]. Financial Performance - The company's operating revenue for 2021 was ¥2,357,742,682.69, representing a 13.96% increase compared to ¥2,068,834,642.07 in 2020 [25]. - The net profit attributable to shareholders for 2021 was ¥111,054,159.18, a decrease of 47.74% from ¥212,504,290.09 in 2020 [25]. - The net profit after deducting non-recurring gains and losses was ¥104,254,991.47, down 49.29% from ¥205,606,750.95 in 2020 [25]. - The net cash flow from operating activities was ¥5,339,547.37, a significant decline of 98.13% compared to ¥286,224,578.61 in 2020 [25]. - The total profit for the year was approximately CNY 123 million, a decline of 52.37% compared to the previous year, with net profit attributable to shareholders at approximately CNY 111 million, down 47.74% [66]. - The company reported a net profit of CNY 67,682,382.60 for the year 2021, with a total distributable profit of CNY 557,709,340.38 by the end of the year [185]. Investment and Projects - The company has ongoing investment projects, including the Jiangxi new plastic pipe project with an annual production capacity of 82,000 tons and the Henan PVC and PE pipe project with a capacity of 52,000 tons, which may face market absorption risks [9]. - The company plans to invest in a new polymer materials production base and research center in Guangxi, with ongoing project development [70]. - The company successfully completed a share issuance, raising approximately CNY 500 million to fund projects including a new high-performance polymer materials project [68]. - The company reported a total investment commitment of 96,653 million, with 21,953 million utilized and 71,051 million remaining [107]. - The company has not encountered significant changes in project feasibility or major issues with the use of raised funds [110]. Research and Development - The company has a strong focus on R&D, with a complete management system and a skilled core technology team, continuously innovating in product technology [60]. - The company's R&D investment totaled CNY 70.18 million, accounting for 2.98% of total revenue, focusing on new materials, processes, and products [67]. - The company is currently developing high-performance PE water supply pipes with independent intellectual property rights, aimed at enhancing market competitiveness [83]. - The company has developed antibacterial modified plastic materials with an antibacterial rate exceeding 95% [84]. - The company has optimized large plastic drainage pipe joint welding equipment and molds, enhancing connection quality and efficiency [84]. Market Position and Strategy - The company has established a strong market position as a leading manufacturer of plastic pipes, recognized as a high-tech enterprise and awarded the "China Enterprise Five-Star Brand Certification" [42]. - The company has established a sales network covering major cities and important county-level cities, enhancing its market competitiveness [62]. - The company aims to enhance its competitive advantage through innovation and high-quality product offerings, focusing on sustainable development [123]. - The company plans to explore overseas markets, particularly in Southeast Asia, to enhance its international competitiveness under the "Belt and Road" initiative [130]. - The company anticipates increased demand for plastic products driven by national infrastructure projects and urban development initiatives [122]. Governance and Management - The company has independent financial management, with a dedicated finance department and no guarantees provided to shareholders [151]. - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the reporting period [141]. - The company maintains a complete and independent supply, production, and sales system, with no reliance on the controlling shareholder for operations [146]. - The company respects the rights of stakeholders and aims for a balanced coordination of interests among shareholders, management, employees, and society [142]. - The company has a transparent information disclosure policy, ensuring timely and accurate communication with all shareholders [143]. Environmental Responsibility - The company produces PVC, PPR, and PE pipes, with most water and waste materials recycled during production, resulting in minimal emissions of waste gas, noise, and waste [197]. - The company has obtained ISO14001 environmental management certification and various pollutant discharge permits, with validity periods extending until 2023 and 2026 for different subsidiaries [198]. - Wastewater from production is recycled and not discharged, while domestic wastewater is treated before being sent to a centralized treatment facility [199]. - An annual environmental monitoring plan is established and executed, with third-party agencies conducting regular assessments of emissions [200].

Financial Performance - Revenue for Q3 2021 reached ¥675,558,734.16, an increase of 22.39% year-over-year[3] - Net profit attributable to shareholders decreased by 51.62% to ¥31,678,519.27 in Q3 2021[3] - Basic earnings per share fell by 59.09% to ¥0.09 for Q3 2021[4] - Revenue for the third quarter was 1,427,236,306.00, an increase of 35.05% compared to 1,056,816,272.62 in the same period last year[11] - Net profit decreased by 30.62% to 111,828,878.11 from 161,173,961.05, primarily due to a higher growth rate in sales costs compared to revenue growth[11] - Basic and diluted earnings per share fell by 35.85% to 0.34 from 0.53, attributed to the increase in shares from a private placement and the decline in net profit[11] - Total operating revenue for the third quarter of 2021 reached CNY 1,742,331,492.29, an increase of 22.4% compared to CNY 1,423,723,889.33 in the same period last year[35] - Net profit for the third quarter was CNY 111,828,878.11, a decrease of 30.5% from CNY 161,173,961.05 in the previous year[36] - The net profit attributable to the parent company for Q3 2021 was ¥111,828,878.11, a decrease from ¥161,173,961.05 in the same period last year, representing a decline of approximately 30.5%[37] Assets and Liabilities - Total assets increased by 24.52% to ¥2,810,848,073.03 compared to the end of the previous year[4] - Total liabilities increased by 30.59% to ¥1,596,611,698.14, primarily due to rising sales and material costs[10] - The company's total assets increased significantly, reflecting growth in operational capacity and market expansion[11] - Current assets totaled CNY 1,647,706,007.46, a significant increase of 40.9% from CNY 1,169,471,430.44 year-on-year[31] - The company's equity attributable to shareholders rose by 30.55% to ¥2,271,642,961.73[10] - The company's equity attributable to shareholders reached CNY 2,271,642,961.73, up 30.5% from CNY 1,740,075,073.74 year-on-year[34] Cash Flow - The company reported a net cash flow from operating activities of -¥64,050,504.98, a decrease of 141.37%[4] - Cash flow from operating activities for Q3 2021 was negative at -¥64,050,504.98, compared to a positive cash flow of ¥154,818,145.23 in the same period last year[41] - Total cash inflow from operating activities was ¥1,830,535,732.20, an increase from ¥1,565,797,408.78 in Q3 2020, reflecting a growth of approximately 16.9%[40] - Cash outflow from operating activities increased to ¥1,894,586,237.18 in Q3 2021, compared to ¥1,410,979,263.55 in Q3 2020, marking an increase of about 34.2%[41] - Cash flow from investing activities was negative at -¥242,512,845.32, worsening from -¥202,535,290.95 in the same period last year[41] - Cash flow from financing activities showed a net inflow of ¥535,108,602.48, compared to a net outflow of -¥28,605,204.48 in Q3 2020, indicating a significant turnaround[42] - The total cash and cash equivalents at the end of Q3 2021 amounted to ¥761,377,521.77, up from ¥444,643,771.92 at the end of Q3 2020, representing an increase of approximately 71.1%[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,143[15] - The major shareholders include Huang Jinxie with 21,907,450 shares, Huang Ganxiong with 14,705,600 shares, and Huang Mingxiong with 12,578,800 shares, all holding common shares[16] - The total number of restricted shares held by major shareholders includes Huang Mingxiong with 37,736,400 shares and Huang Ganxiong with 44,116,800 shares, both under lock-up agreements[19] - The company has a total of 791,250 restricted shares held by Wu Danming and 1,072,050 shares held by Peng Xiaowei, both of which are subject to lock-up conditions[19] - The lock-up period for shares held by executives is set to release 25% of their holdings annually on the first trading day of the year[20] - The company has a total of 1,621,621 restricted shares held by Zhao Peiqiong, with the lock-up period ending on November 27, 2021[21] - The total number of shares held by the top ten shareholders reflects a concentrated ownership structure, with significant holdings by family members[16] Investment and Expansion Plans - The company plans to continue expanding its municipal business to drive future growth[9] - The company plans to continue expanding its market presence and investing in new technologies to enhance competitiveness[11] - The company raised RMB 50 million to increase the registered capital of its wholly-owned subsidiary, Yunnan Xiongpu Technology Development Co., Ltd., from RMB 150 million to RMB 200 million[25] - The company further increased the registered capital of Yunnan Xiongpu from RMB 200 million to RMB 290 million by raising an additional RMB 90 million[26] - The company plans to invest in an environmentally friendly polymer new materials and new municipal pipeline project, as approved by the board of directors[27] Research and Development - Research and development expenses for the quarter were CNY 53,346,875.12, an increase of 11.5% compared to CNY 47,802,513.08 in the previous year[36] Other Information - The company is currently not disclosing any changes in the number of preferred shareholders or their holdings[17] - The report indicates that the company is maintaining a consistent approach to managing shareholder equity and restricted shares[18] - The company has not reported any new strategies or market expansions in this quarter's earnings call[18] - There are no updates on new product developments or technological advancements mentioned in the report[18]

Financial Performance - The company's operating revenue for the reporting period was approximately CNY 1.067 billion, representing a year-on-year increase of 22.37%[21]. - The net profit attributable to shareholders decreased to approximately CNY 80.15 million, down 16.25% compared to the same period last year[21]. - The net cash flow from operating activities was negative at approximately CNY -52.82 million, a decline of 180.68% year-on-year[21]. - Total assets at the end of the reporting period reached approximately CNY 2.731 billion, an increase of 20.99% from the end of the previous year[21]. - The net assets attributable to shareholders increased to approximately CNY 2.312 billion, up 32.84% compared to the previous year[21]. - The company's operating costs increased by 31.38% to ¥854,777,007.18, primarily due to rising sales and significant increases in raw material procurement prices[42]. - The gross profit margin for PVC series products decreased by 5.29% to 19.20%, while the gross profit margin for PE series products decreased by 10.37% to 14.04%[45]. - The total operating revenue for the first half of 2021 was CNY 1,066,772,758.13, representing an increase of 22.3% compared to CNY 871,769,920.59 in the first half of 2020[178]. - The net profit for the first half of 2021 was CNY 80,150,358.84, a decrease of 16.1% from CNY 95,696,728.80 in the same period of 2020[179]. Cash Flow and Investments - The net cash flow from financing activities surged by 1,281.16% to ¥507,928,539.93, mainly due to funds raised from refinancing during the reporting period[43]. - The company's cash and cash equivalents increased significantly by 1,048.35% to ¥360,843,075.43, attributed to the influx of refinancing funds[43]. - Cash inflows from operating activities reached CNY 1,093,689,138.20, up from CNY 944,817,232.13, indicating a growth of about 15.73%[186]. - The net cash flow from operating activities was negative at CNY -52,816,772.72, a decline from the positive CNY 65,468,423.24 in the same period last year[186]. - Cash outflows for investing activities totaled CNY 131,414,122.54, down from CNY 175,447,366.58, showing a decrease of approximately 25.14%[186]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts[4]. - The company has outlined various risks and countermeasures in the management discussion section[4]. - The company faces risks related to macroeconomic cycles and industry policy changes, which could impact the growth of the plastic pipeline industry[77]. - The company faces significant risks from fluctuations in raw material prices, which include PVC, polypropylene, and polyethylene, as these costs heavily impact profitability[79]. - The company is responding to intensified industry competition by enhancing its technological and product advantages, increasing R&D investment, and improving brand value[78]. Production and Market Presence - The company maintained a production capacity of around 410,000 tons annually, ranking among the top in the domestic plastic pipe industry[30]. - The company is focused on expanding its market presence and enhancing its R&D efforts to improve operational efficiency and reduce costs[33]. - The company has established six production bases across various regions, including Guangdong and Guangxi, to support its operations[28]. - The company has over 6,000 product varieties across three major series: PVC, PPR, and PE, making it one of the most comprehensive product lines in the industry[36]. - The company has established a multi-level sales network, enhancing its market presence and customer relationships across various sectors, including real estate and agriculture[39]. Profit Distribution - The company reported a cash dividend of 2 RMB per 10 shares (including tax) to all shareholders[4]. - The board of directors has approved the profit distribution plan during the board meeting[4]. - The proposed cash dividend distribution is CNY 2 per 10 shares, amounting to a total of CNY 71,626,313.40, which represents 100% of the profit distribution[87][88]. - The company has no plans for stock dividends or capital reserve transfers in the current profit distribution proposal[91]. Environmental Responsibility - The company reported an investment of approximately RMB 1.5 million in environmental governance and protection during the reporting period[102]. - The company has obtained ISO14001 environmental management system certification and the China Environmental Labeling Product Certification[97]. - The company has implemented effective comprehensive treatment for wastewater and waste gas, with no major environmental accidents reported during the reporting period[106]. - The company operates under strict compliance with various environmental protection laws and standards, including the Environmental Protection Law of the People's Republic of China[98]. - The company has maintained a commitment to social responsibility and sustainable development, focusing on "green, environmentally friendly, and energy-saving" practices[108]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management[3]. - The company emphasizes the importance of protecting shareholder rights, particularly for small and medium investors, by enhancing corporate governance and information disclosure[104]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[70][71]. - The company did not sell any significant assets or equity during the reporting period[72][73]. - The company has a good integrity status, with no significant debts or court judgments outstanding[119]. Shareholder Information - The total number of shares increased from 304 million to 358.13 million after issuing 54.13 million new shares[146]. - The largest shareholder, Huang Jinxie, holds 24.47% of the shares, amounting to 87,629,800 shares, while Huang Ganxiong and Huang Mingxiong hold 16.42% and 14.05%, respectively[157]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[161]. - The number of common shareholders at the end of the reporting period was 18,455[156]. - The company has a total of 54,131,567 new restricted shares added during the reporting period, indicating ongoing issuance of shares[153].

Financial Performance - The company's revenue for Q1 2021 was CNY 471,550,718.23, representing a 50.55% increase compared to CNY 313,208,708.13 in the same period last year[7] - Net profit attributable to shareholders was CNY 43,831,002.33, up 46.22% from CNY 29,976,566.42 year-on-year[7] - The net profit after deducting non-recurring gains and losses was CNY 42,903,451.89, reflecting a 44.72% increase from CNY 29,645,264.71 in the previous year[7] - The basic earnings per share increased by 40.00% to CNY 0.14 from CNY 0.10 in the same period last year[7] - The weighted average return on equity was 2.43%, up from 1.86% in the previous year, indicating improved profitability[7] - The total comprehensive income for the period was ¥43,831,002.33, consistent with the net profit, reflecting stable financial performance[54] Cash Flow - The net cash flow from operating activities improved significantly, with a net outflow of CNY 7,942,050.07, a 77.83% reduction from CNY 35,824,924.27 in the previous year[7] - The cash inflow from operating activities was CNY 446,946,487.64, an increase of 33.4% compared to CNY 334,963,280.27 in the previous period[59] - The cash outflow from operating activities totaled CNY 454,888,537.71, up from CNY 370,788,204.54, resulting in a net cash flow from operating activities of CNY -7,942,050.07, an improvement from CNY -35,824,924.27[60] - The cash inflow from investment activities was CNY 17,087,819.18, down 51.4% from CNY 35,091,287.67 in the previous period[61] - The cash outflow from investment activities was CNY 63,113,450.84, a decrease of 32.4% compared to CNY 93,492,164.35[62] - The net cash flow from investment activities was CNY -46,025,631.66, an improvement from CNY -58,400,876.68[63] - The net increase in cash and cash equivalents was CNY -44,497,783.31, an improvement from CNY -94,263,844.69[65] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,217,674,333.44, a decrease of 1.76% from CNY 2,257,348,590.89 at the end of the previous year[7] - The net assets attributable to shareholders increased by 2.52% to CNY 1,783,906,076.07 from CNY 1,740,075,073.74 at the end of the previous year[7] - Total liabilities decreased to CNY 433,768,257.37 from CNY 517,273,517.15, a reduction of 16.1%[46] - Total current assets amounted to CNY 1,119,130,465.41, a decrease of 4.3% from CNY 1,169,471,430.44 on December 31, 2020[44] - Cash and cash equivalents decreased to CNY 491,285,103.51 from CNY 535,782,886.82, reflecting a decline of 8.3%[44] Research and Development - Research and development expenses rose by 55.69% to ¥13,829,473.94 from ¥8,882,459.49, reflecting increased investment in R&D[20] - The company is working on PVC pipes for agricultural irrigation, optimizing existing formulations to meet modern agricultural needs[23] - A new production method for double-wall corrugated pipes is being developed to enhance production efficiency and competitiveness[23] - The company plans to develop high-strength PVC pipes with improved heat resistance, addressing existing material limitations[23] Investment and Projects - The company is investing approximately 700 million yuan in a new polymer material production base and research center project[32] - The company plans to produce 82,000 tons of new plastic pipes and accessories annually in Jiangxi and 52,000 tons in Henan as part of its investment projects[28] - The "Jiangxi New Plastic Pipe and Accessories Project" has achieved a cumulative investment of CNY 15,750.54 million, which is 99.76% of the planned investment[36] - The "Henan New PVC Pipe, PE Pipe, and PPR Pipe Project" has a cumulative investment of CNY 14,663 million, representing 82.75% of the planned investment[36] Market and Competition - The company has identified risks related to macroeconomic slowdown, intensified industry competition, and raw material price fluctuations[25][26][27] - The company has increased its marketing efforts to counteract rising raw material costs, ensuring steady business performance[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,045, indicating a broad base of investor support[11] - The top five suppliers accounted for 42.04% of the total procurement amount, which was 119.65 million yuan[24] - The top five customers contributed 8.52% of the total sales amount, totaling 40.16 million yuan[24]