Financial Performance - Net profit attributable to shareholders rose by 67.64% to CNY 22,878,178.95 for the current period[7] - Operating revenue for the current period reached CNY 178,361,355.82, reflecting a growth of 35.16% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 17.53% to CNY 20,272,199.96[7] - Basic earnings per share increased by 25.00% to CNY 0.15[7] - The company reported a net profit margin improvement, with undistributed profits increasing to CNY 188,230,734.79 from CNY 136,211,206.35, a growth of 38%[28] - The net profit for the third quarter of 2017 reached CNY 22,878,178.95, representing a 67.5% increase from CNY 13,648,733.33 in the previous year[35] - The total profit for the third quarter was CNY 25,927,795.04, an increase of 67.5% from CNY 15,445,595.74 in the previous year[34] - The total profit for Q3 2017 was CNY 70,248,414.25, which is a 26.6% increase compared to CNY 55,487,407.08 in Q3 2016[42] Assets and Liabilities - Total assets increased by 63.71% to CNY 789,587,788.28 compared to the end of the previous year[7] - Total liabilities increased to CNY 123,373,409.08 from CNY 91,640,922.65, representing a rise of 35%[27] - The equity attributable to shareholders of the parent company rose to CNY 666,214,379.20, up from CNY 390,675,100.05, marking an increase of 70%[28] - The company's total assets as of the end of Q3 2017 amounted to CNY 789,587,788.28, compared to CNY 482,316,022.70 at the beginning of the year, indicating a growth of 64%[28] Cash Flow - The company reported a net cash flow from operating activities of -CNY 20,998,944.40, a decline of 142.17%[7] - Cash flow from operating activities showed a net outflow of CNY 20,998,944.40 in Q3 2017, compared to a net inflow of CNY 49,793,663.49 in Q3 2016[49] - The net cash flow from operating activities was -23,820,505.54 CNY, a decrease compared to 55,575,216.12 CNY in the previous period[51] - The net cash flow from investing activities was -235,157,996.83 CNY, compared to -47,360,462.89 CNY in the previous period[51] - The net cash flow from financing activities was 233,640,546.51 CNY, compared to -8,329,402.56 CNY in the previous period[52] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,387[11] - The largest shareholder, Yu Zizhou, holds 25.56% of the shares, totaling 38,335,317 shares[11] Government Subsidies - The company received government subsidies amounting to CNY 4,425,409.39, primarily as an IPO reward[8] - The company received government subsidies of ¥7,354,400 for its production base project, recognized as deferred income[18] Operating Costs and Revenue - Operating costs increased by 30.73% to ¥392,136,521.19, attributed to higher sales revenue[15] - The company's total operating costs for the third quarter were CNY 459,982,653.77, an increase of 29.6% from CNY 354,826,382.93 in the same period last year[40] - The company's operating revenue for Q3 2017 was CNY 513,247,531.81, an increase of 26.4% compared to CNY 405,864,832.73 in the same period last year[45] Investment Income - Investment income grew by 664.11% to ¥1,742,171.51, driven by increased returns from financial products[15] - The investment income for the third quarter was CNY 1,634,171.51, with no previous year data available for comparison[34] Other Financial Metrics - The weighted average return on equity decreased by 0.17% to 3.54% for the current period[7] - Cash and cash equivalents decreased to CNY 127,734,341.43 from CNY 154,081,067.62, a decline of 17%[29] - The company experienced a significant increase in sales revenue, with cash received from sales reaching CNY 305,128,787.19, up from CNY 221,448,894.63 in the same quarter last year[49]

Financial Performance - The company achieved total operating revenue of ¥334,886,175.99, representing a 22.27% increase compared to ¥273,898,917.59 in the same period last year[19]. - Net profit attributable to shareholders was ¥37,497,689.84, up 32.54% from ¥28,291,035.69 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥34,466,574.14, reflecting a 17.95% increase from ¥29,221,204.32 in the previous year[19]. - The company's total assets increased by 55.80% to ¥751,442,009.71 from ¥482,316,022.70 at the end of the previous year[19]. - The net assets attributable to shareholders rose by 64.04% to ¥640,875,420.86 from ¥390,675,100.05 at the end of the previous year[19]. - The basic and diluted earnings per share were both ¥0.26, a 4.00% increase from ¥0.25 in the previous year[19]. - The company reported a total of 15,364,739.74 in deferred income, compared to 14,636,139.06, reflecting a 5.0% increase[142]. - The total owner's equity at the end of the period was 640,875,000.00 CNY, indicating a significant increase from the previous year[160]. - The company reported a total comprehensive income of 38,376,011.54 CNY for the current period, reflecting a significant increase compared to the previous period[167]. Cash Flow and Financial Management - The company reported a negative net cash flow from operating activities of ¥20,618,592.03, a decline of 234.39% compared to a positive cash flow of ¥15,342,577.05 in the same period last year[19]. - The net cash flow from operating activities was negative at CNY -20,618,592.03, a significant decline of 234.39% compared to CNY 15,342,577.05 in the previous year[45]. - The company reported a total cash inflow from operating activities of 209,696,942.12, compared to 154,431,346.29 in the previous period, showing growth in cash receipts from operations[155]. - The total cash outflow from investing activities was 201,383,452.88, compared to 7,189,959.14 in the previous period, indicating a significant increase in investment expenditures[157]. - The total cash outflow for financing activities was 50,320,164.60, compared to 9,328,235.31 in the previous period, reflecting increased financial obligations[154]. - The company has no overdue principal or interest amounts from entrusted financial management, indicating effective cash management practices[60]. - The company reported a substantial increase in cash and cash equivalents, with a net increase of CNY 44,025,536.40, up 730.63% from CNY 5,300,284.38[45]. Investment and Capital Management - The company has committed to an investment project with a total investment amount of CNY 21,822 million, of which CNY 6,662.6 million has been utilized, representing 30.5% of the planned investment[56]. - The company plans to use up to CNY 10,900 million of temporarily idle raised funds and CNY 7,000 million of self-owned idle funds for cash management, focusing on safe and liquid bank principal-protected financial products[57]. - The company has committed to strict management of raised funds and profit distribution to mitigate the risk of reduced immediate returns[85]. - The company plans to adjust the usage limit for idle raised funds to CNY 15,000 million for purchasing principal-protected financial products, reflecting a proactive cash management approach[60]. Risk Management and Compliance - The company emphasizes the importance of risk management and has detailed its potential operational risks in the report[4]. - The company has committed to strict compliance with shareholding restrictions for its major shareholders and management personnel[73]. - The company has not reported any changes in its information disclosure practices during the reporting period[17]. - The company has not experienced any major litigation or arbitration matters during the reporting period[89]. - The company has not reported any major environmental issues during the reporting period[106]. - The company faces risks related to safety production, environmental protection, and the transportation of hazardous chemicals, which could impact normal operations[68]. Shareholder Information and Corporate Governance - The company completed its IPO on February 13, 2017, issuing 25 million new shares, increasing the total share capital from 75 million to 100 million shares[111]. - The largest shareholder, Yu Zizhou, holds 25.56% of the shares, totaling 38,335,317 shares[119]. - The company has a total of 75 million shares issued, with 37.5 million shares being restricted[116]. - The company has committed to avoiding any related party transactions that could harm shareholder interests[79]. - The company will disclose any related party transactions in accordance with regulatory requirements[79]. - The company has pledged not to transfer or delegate management of its shares to others within twelve months of its stock listing[83]. Research and Development - The company’s research and development investment was 4.47 million yuan, which is 1.33% of operating revenue[42]. - The company plans to invest in the expansion and renovation of its technology research and development center to enhance product innovation capabilities[67]. - The company aims to enhance its research and development capabilities to drive future growth[163]. Market Strategy and Operations - The company focuses on fine chemical new materials, with products used across various industries including polyurethane, textiles, and electronics[26]. - The company has established a direct sales model and emphasizes customer service and technical support to enhance market share[29]. - The company collaborates with Tmall to promote its room temperature silicone rubber products online[30]. - The company is exploring potential mergers and acquisitions to strengthen its market position[1]. - The company aims to achieve a revenue growth target of 15% for the upcoming fiscal year[1]. - The company is committed to improving operational efficiency and reducing costs by 10%[1].

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。 扬州晨化新材料股份有限公司(以下简称"公司")于 2017 年 4 月 22 日在中 国证监会指定的创业板信息披露网站上披露了《2016 年年度报告》（公告编号： 2017-020）。由于工作人员失误，公告文件上传时全文出现多处乱码、文字图表 溢出页面现象。 证券代码：300610 证券简称：晨化股份 公告编号：2017-028 扬州晨化新材料股份有限公司 关于 2017 年年报的补充说明公告 二 0 一七年四月二十四日 现将相关内容的补充说明公告如下： 一、部分存在乱码、文字图表溢出页面现象的章节："第一节重要提示、目 录和释义"之"目录"全页；"第三节公司业务概要"之"三、核心竞争力分析" 全文；"第四节经营情况讨论与分析"之"二、主营业务分析：4、研发投入"全 文；"第五节重要事项"之"六、董事会关于报告期会计政策、会计估计变更或 重大会计差错更正的说明，七、与上年度财务报告相比，合并报表范围发生变化 的情况说明，八、聘任、解聘会计师事务所情况"全文；"第八节 董事、监事、 高级管理人员和员工情况"之"四、 ...

Financial Performance - The company's operating revenue for 2016 was ¥585,816,266.89, an increase of 5.83% compared to ¥553,553,126.73 in 2015[16]. - The net profit attributable to shareholders for 2016 was ¥55,512,603.86, representing an 18.46% increase from ¥46,861,174.96 in 2015[16]. - The net profit after deducting non-recurring gains and losses was ¥56,695,956.51, up 18.69% from ¥47,766,703.65 in 2015[16]. - The total assets at the end of 2016 reached ¥482,316,022.70, an increase of 18.55% from ¥406,835,952.19 at the end of 2015[16]. - The net assets attributable to shareholders increased by 15.09% to ¥390,675,100.05 at the end of 2016 from ¥339,451,771.15 at the end of 2015[16]. - The basic earnings per share for 2016 was ¥0.74, a 19.35% increase from ¥0.62 in 2015[16]. - The company reported a net cash flow from operating activities of ¥81,503,066.36, a 2.69% increase from ¥79,366,058.22 in 2015[16]. - In 2016, the company achieved total operating revenue of CNY 585.82 million, a year-on-year increase of 5.83%[42]. - The net profit attributable to shareholders was CNY 55.51 million, reflecting an 18.46% growth compared to the previous year[42]. - The company's export revenue reached CNY 62.42 million, accounting for 10.66% of total revenue, with a slight decline of 2.48% year-on-year[51]. Dividend and Share Capital - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares (including tax) and to increase capital by 5 shares for every 10 shares held[4]. - The total share capital of the company is 100 million shares[4]. - The cash dividend accounted for 18.01% of the net profit attributable to the parent company, which was 55,512,603.86 RMB[100]. - The company has consistently maintained a cash dividend payout ratio of 100% in its profit distribution plans[97]. - The company plans to increase its capital reserve by issuing 5 additional shares for every 10 shares held[99]. Research and Development - The company has a dedicated R&D team of 75 members, including 4 core technical personnel, focusing on continuous product and technology improvement[37]. - Research and development expenses amounted to CNY 25.20 million, constituting 4.3% of total revenue, with 27 patents granted during the year[45]. - The company plans to enhance research and development investments to improve technological innovation capabilities, supported by national policies[78]. - The company plans to increase R&D investment in flame retardants and develop new products beyond polyurethane to diversify its product offerings[85]. - The company is investing 50 million CNY in R&D for new technologies to improve product efficiency[102]. Market and Product Development - The company’s main products include new materials that improve surface performance, flame retardancy, and rheological properties, with a focus on fine chemical new materials[25]. - The company achieved an international market export revenue of 10.67% of its main business income in 2016, amounting to approximately 62.42 million yuan[31]. - The company is focusing on international market expansion and aims to strengthen cooperation with large multinational corporations[87]. - The company aims to expand the production scale of fine chemical additives to reach 100,000 tons per year within the next three years to meet growing market demand[84]. - New product launches are expected to contribute an additional 200 million RMB in revenue over the next year[163]. Corporate Governance - The company has established a sound corporate governance structure, with the shareholders' meeting as the highest authority and the board of directors responsible for decision-making[184]. - The company maintains strict independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[183]. - The company has independent financial accounting and internal audit departments, ensuring independent financial decision-making[184]. - Independent directors attended all 5 board meetings during the reporting period, with no absences[187]. - The company emphasizes investor relations management, ensuring equal access to information for all shareholders[182]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts[4]. - The company has established a robust internal control system to mitigate risks and protect shareholder interests[46]. - The company recognizes the risk of intensified competition in the surfactant market, particularly for high-margin products like amino polyethers[89]. - The company faces risks related to new product development and potential technological obsolescence if it fails to adapt to market trends[91]. - The company is committed to improving its internal control system and risk management to protect shareholder interests during its rapid growth phase[88]. Employee and Management Structure - The company employed a total of 536 staff members, with 318 in production, 43 in sales, 75 in technical roles, 29 in finance, and 71 in administration[170]. - The total remuneration paid to the current directors, supervisors, and senior management in 2016 amounted to CNY 2.0975 million[168]. - The remuneration for the chairman and general manager, Yu Zizhou, was CNY 208,700, while the vice general manager, Yang Sixue, received CNY 178,100[169]. - The company has established a competitive salary system and diverse welfare policies, including dormitory accommodations and paid vacations[172]. - The governance structure of the company complies with the regulatory requirements set by the China Securities Regulatory Commission[176]. Environmental and Compliance - The company has made significant investments in environmental protection and production process improvements to mitigate risks associated with hazardous materials[92]. - The company incurred a penalty of CNY 10,730 for exceeding wastewater discharge standards, which was paid on August 31, 2016[122]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[139]. - The company has confirmed that there are no current or future plans to conduct related party transactions that could affect shareholder rights[106]. - The company has committed to maintaining compliance with its obligations regarding employee social insurance and housing fund contributions[108].

Financial Performance - Total revenue for Q1 2017 was ¥151,417,567.12, representing a 21.38% increase compared to ¥124,746,583.42 in the same period last year[7] - Net profit attributable to shareholders was ¥17,485,305.58, up 14.07% from ¥15,328,447.82 year-over-year[7] - Net profit excluding non-recurring items was ¥17,243,017.30, reflecting a 14.62% increase from ¥15,043,473.22 in the previous year[7] - The company reported a 21.38% increase in operating revenue, reaching ¥151,417,600, compared to ¥124,766,600 in the same period last year[17] - The company reported a total equity of ¥627,459,240.97, up from ¥390,675,100.05, indicating a growth of 60.5%[38] - The net profit for the current period reached ¥17,702,800.62, up 12.6% from ¥15,714,548.56 in the previous period[46] - The total comprehensive income for the current period was ¥17,702,800.62, compared to ¥15,714,548.56 in the previous period, reflecting a growth of 12.6%[46] Cash Flow and Liquidity - The net cash flow from operating activities was -¥34,812,749.44, a significant decline of 674.69% compared to ¥6,057,623.30 in the same period last year[7] - The company's cash and cash equivalents increased by 112.59% to ¥346,556,038.66, primarily due to funds raised from the issuance of shares during the reporting period[15] - The company's cash and cash equivalents at the end of the period totaled ¥346,556,038.66, up from ¥125,826,819.68 at the end of the previous period[48] - The company experienced a significant increase in cash inflows from operating activities, totaling ¥85,364,084.36, compared to ¥67,315,492.06 in the previous period, marking a growth of 27.0%[47] - The net increase in cash and cash equivalents for the period was $134.95 million, up from $8.39 million year-over-year[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥723,848,717.12, a 50.08% increase from ¥482,316,022.70 at the end of the previous year[7] - The company's total assets increased to ¥725,849,683.93, up from ¥485,383,533.94, marking a growth of 49.5%[40] - The company's total liabilities increased to ¥96,389,476.15 from ¥91,640,922.65, a rise of 5.9%[38] - Current assets totaled ¥533,077,589.30, compared to ¥352,472,396.75 at the beginning of the period, indicating a rise of 51.2%[39] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,281[11] - Share capital increased to ¥100,000,000.00 from ¥75,000,000.00, showing a growth of 33.3%[38] Operational Highlights - The company is in the trial production stage for several key R&D projects, including silicone defoamers and high-efficiency alkyl glycosides for daily chemicals, aimed at enhancing product quality and market competitiveness[18] - The company has established high product quality standards and a risk management team to ensure product safety and quality control, especially for its surfactants and flame retardants[21] - The company is committed to continuous research and development to mitigate risks associated with new product development and technological obsolescence[23] Risks and Challenges - The company faces risks including intensified industry competition, quality control issues, and risks related to new product development and technology replacement[9] - The company is facing intensified industry competition, particularly in the surfactant sector, and plans to adjust its product development and marketing strategies accordingly[20] - The company has not experienced any major product liability claims or related legal disputes since its establishment, but it remains vigilant about potential risks[21] Investment and Development - The company has invested a total of ¥62 million in the construction of the Huai'an Chenhua production base, which includes projects for an annual production capacity of 15,000 tons of alkyl glycosides and 10,000 tons of terminal amino polyether[26] - The company plans to enhance its product development and innovation capabilities by utilizing raised funds to expand its technology research and development center[22] - The company reported a cumulative investment of ¥51.5181 million from the total raised funds of ¥2.1822 billion, indicating a progress rate of 1.18% for the committed investment projects[29] Other Financial Metrics - The weighted average return on equity decreased to 3.21% from 4.40% year-over-year, a decline of 1.19%[7] - The basic earnings per share (EPS) for the current period was 0.1985, a decrease of 3.9% from 0.2044 in the previous period[45] - The operating profit for the current period was ¥15,835,104.90, slightly down by 3.2% from ¥16,354,860.32 in the previous period[45] - The company reported an increase in sales expenses to ¥7,512,920.11 from ¥6,426,613.03, indicating a rise of 16.9%[45]

Financial Performance - The company's operating revenue for 2016 was ¥585,816,266.89, an increase of 5.83% compared to ¥553,553,126.73 in 2015[15]. - The net profit attributable to shareholders for 2016 was ¥55,512,603.86, representing an 18.46% increase from ¥46,861,174.96 in 2015[15]. - The net profit after deducting non-recurring gains and losses was ¥56,695,956.51, up 18.69% from ¥47,766,703.65 in 2015[15]. - The basic earnings per share for 2016 was ¥0.74, a 19.35% increase from ¥0.62 in 2015[15]. - The total assets at the end of 2016 were ¥482,316,022.70, an increase of 18.55% from ¥406,835,952.19 at the end of 2015[15]. - The net assets attributable to shareholders at the end of 2016 were ¥390,675,100.05, a 15.09% increase from ¥339,451,771.15 at the end of 2015[15]. - The company reported a net cash flow from operating activities of ¥81,503,066.36, which is a 2.69% increase from ¥79,366,058.22 in 2015[15]. - The total operating revenue for 2016 was ¥585,816,266.89, representing a year-on-year increase of 5.83% compared to ¥553,553,126.73 in 2015[43]. - The revenue from fine chemical new materials accounted for 99.85% of total revenue, amounting to ¥584,954,384.54, with a year-on-year growth of 5.92%[43]. - Domestic sales contributed ¥523,395,873.56, which is 89.34% of total revenue, showing a 6.91% increase from the previous year[44]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares (including tax) to all shareholders, with a capital reserve increase of 5 shares for every 10 shares held[4]. - The company has achieved a cash dividend distribution of 1.11 RMB per 10 shares, totaling 8.325 million RMB, as part of its profit distribution policy[89]. - The net profit attributable to the parent company for the year 2016 was 55,512,603.86 yuan, with a cash dividend payout ratio of 18.01%[93]. - The company has a total distributable profit of 139,822,257.89 yuan for the reporting period[90]. - The cash dividend for the previous year (2015) was 8,325,000 yuan, which was 17.77% of the net profit attributable to the parent company[93]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 7,350,000 yuan in 2014, 8,325,000 yuan in 2015, and 10,000,000 yuan in 2016[92]. Research and Development - R&D investment reached 25.20 million yuan, accounting for 4.3% of operating revenue, indicating a strong focus on innovation[37]. - The company added 27 patents during the reporting period, including 23 invention patents, enhancing its technological edge[38]. - Research and development projects include the development of silicone foaming agents, with specific goals yet to be disclosed[55]. - The company is focused on breaking foreign technology monopolies in the development of green functional materials and enhancing its market competitiveness[58]. - The company will continue to increase R&D investment in flame retardants and develop new products beyond polyurethane to meet diverse customer needs[81]. Market and Sales Strategy - The company has established a procurement model that emphasizes direct procurement based on orders, maintaining minimal inventory levels[24]. - The production model is market-oriented and based on demand, ensuring that production aligns with sales orders[25]. - The company exported products worth 62.42 million yuan in 2016, contributing to its international market expansion[34]. - The company is expanding its market presence in wind power and high-end cleaning sectors, leveraging end-amine polyether and alkyl glycosides as growth foundations[82]. - The company aims to enhance its online sales channels, aiming for a 40% increase in e-commerce revenue[156]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[3]. - The company has established a governance structure that complies with the requirements of the China Securities Regulatory Commission, ensuring a high level of corporate governance[172]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[170]. - The company maintains independence from its controlling shareholder in terms of business operations, personnel, assets, institutions, and finances[174]. - Independent directors attended all board meetings and did not raise any objections to company matters during the reporting period[178][179]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and forecasts, indicating potential operational risks[4]. - The company is enhancing its internal control system to improve risk management and prevent potential losses to shareholders[83]. - The company acknowledges the risk of a decline in earnings per share and net asset return rates due to the public offering[105]. Employee Management - The total number of employees in the company is 536, with 318 in production, 43 in sales, 75 in technical roles, 29 in finance, and 71 in administration[162]. - The total remuneration for directors and senior management during the reporting period was 2.0975 million yuan[160]. - The company has implemented comprehensive training programs aimed at enhancing employee skills and organizational adaptability[164]. - The company has a competitive salary system and offers various benefits, including dormitory-style accommodation, health check-ups, travel, and scholarships for employees' children[163]. Compliance and Legal Matters - The company has ensured that all commitments regarding shareholding will remain effective regardless of any personnel changes[101]. - The company has not engaged in any related party transactions that would compromise its independence from the controlling shareholder[169]. - The company faced an administrative penalty of CNY 10,131 for exceeding wastewater discharge standards, which was paid on August 31, 2016[118]. - There were no significant lawsuits or arbitration matters reported during the fiscal year[117]. Future Outlook - The company has provided a positive outlook for the next quarter, projecting a revenue increase of 25%[156]. - New product launches are expected to contribute an additional 300 million yuan in revenue over the next fiscal year[157]. - The company aims to enhance its overall market competitiveness and profitability through the vigorous development of its main business and improved management of raised funds[105].