Financial Performance - The company's operating revenue for the first half of 2021 was CNY 317,269,757.86, representing a 43.02% increase compared to CNY 221,838,066.39 in the same period last year[25]. - The net profit attributable to shareholders of the listed company decreased by 47.05% to CNY 9,918,438.32 from CNY 18,730,256.57 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was CNY 8,809,816.82, down 51.53% from CNY 18,177,176.27 in the previous year[25]. - The net cash flow from operating activities was CNY 23,490,915.29, a decrease of 4.59% compared to CNY 24,622,250.12 in the same period last year[25]. - Basic and diluted earnings per share were both CNY 0.04, down 50.00% from CNY 0.08 in the same period last year[25]. - The weighted average return on net assets decreased to 1.30% from 2.41% in the previous year, a decline of 1.11%[25]. - The gross margin for the overall business was 20.65%, down 12.72% year-on-year, with the gross margin for photoinitiators specifically declining by 18.59%[76]. - The company reported a net loss of CNY 7,042 million for the period[197]. - The net profit attributable to shareholders was -23.48 million, indicating a loss during this reporting period[200]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,320,956,244.94, an increase of 7.20% from CNY 1,232,225,820.64 at the end of the previous year[25]. - The total liabilities of the company were CNY 558,882,307.64, which is an increase from CNY 471,933,288.68 at the end of 2020, marking a rise of around 18.4%[175]. - The company's short-term borrowings increased to CNY 208,467,511.27 from CNY 175,202,079.57, reflecting a growth of approximately 19.0%[175]. - The company's total equity attributable to shareholders of the parent company was CNY 623,154,607.96, a decrease from CNY 641,434,351.99 at the end of 2020, representing a decline of 2.1%[180]. - The total owner’s equity at the end of the period was CNY 774,355.19 million, showing a significant decrease from the previous year[199]. Market and Product Development - The company has developed a comprehensive product line of thiol compounds, with applications in pharmaceuticals, pesticides, and dyes, enhancing its market potential[35]. - The company is expanding its product offerings in the UV curing agent market, focusing on UV-LED light sources and low migration curing agents, with a production capacity of over 30,000 tons per year for radiation curing coatings[46]. - The company is actively developing new products in the UV curing field, including high-performance free radical and cationic photoinitiators, to meet the growing demand in various industries[46]. - The company is focusing on innovation in the thiol compound sector, which has a high technical barrier and is widely used in pharmaceuticals, pesticides, and dyes[51]. - The company is committed to continuous product development and technological innovation to maintain its competitive edge in expanding application fields[103]. Research and Development - Research and development expenses rose by 9.71% to CNY 16.15 million, reflecting ongoing investment in new product development[74]. - The company has been granted a total of 26 invention patents and 36 utility model patents, enhancing its research and development capabilities[61]. - The company is classified as a high-tech enterprise and is investing in R&D capabilities to support future growth[103]. Environmental and Safety Measures - The company has implemented comprehensive safety and environmental protection measures, ensuring sustainable production and a competitive advantage in the market[64]. - The company has established wastewater treatment facilities with a capacity of 300 tons/day, ensuring compliance with discharge standards[116]. - The company has implemented advanced wastewater treatment processes, including micro-electrolysis and catalytic oxidation, to ensure wastewater meets regulatory standards[118]. - The company has established emergency response plans for environmental incidents and conducts regular drills to enhance response capabilities[125]. - No administrative penalties were reported for environmental issues during the reporting period[127]. Strategic Planning and Risks - The company has outlined potential risks and corresponding measures in its management discussion section, emphasizing the importance of investor awareness regarding these risks[6]. - The company is facing increased market competition due to the rapid expansion of the light curing technology application field, which may affect future profitability[98]. - The company plans to further develop the domestic market and optimize management to reduce production costs amid the ongoing COVID-19 pandemic[100]. - Rising labor costs due to increasing wages for skilled professionals and frontline workers pose a risk to profit margins, prompting the company to enhance its incentive systems and talent acquisition strategies[101]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,402, with no preferred shareholders[159]. - Zhejiang Yangfan Holding Group Co., Ltd. holds 23.69% of the shares, with a decrease of 2,320,000 shares during the reporting period[159]. - The company reported no significant events that required disclosure during the reporting period[148].

Financial Performance - The company's operating performance experienced a significant decline compared to the previous year, with key financial indicators remaining stable and consistent with industry trends[6]. - The company's operating revenue for 2020 was ¥494,410,008.76, a decrease of 3.38% compared to ¥511,692,670.37 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥27,649,214.30, down 72.64% from ¥101,063,547.78 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥25,217,231.35, a decline of 73.20% from ¥94,086,527.88 in 2019[18]. - The basic earnings per share for 2020 was ¥0.12, a decrease of 72.73% compared to ¥0.44 in 2019[18]. - Operating profit was ¥34,687,483.64, down 68.57% year-on-year, while total profit decreased by 74.58% to ¥29,057,055.84[70]. - The gross profit margin decreased to 26.71%, down 13.65 percentage points compared to the previous year[93]. - The company faced challenges due to weakened market demand from downstream industries, particularly in Europe and the U.S. due to the COVID-19 pandemic[71]. - Increased costs were noted due to rising raw material prices and enhanced environmental investments, alongside higher R&D expenditures[71]. Dividend Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 0.3 CNY (including tax) for every 10 shares based on a total of 234,750,130 shares, with no bonus shares issued[6]. - The cash dividend accounted for 100% of the total distributable profit of 156,983,728.86 CNY[156]. - The cash dividend for 2020 represented 25.47% of the net profit attributable to the shareholders of the listed company[161]. - The company has maintained a consistent cash dividend policy over the past three years, with dividends of 37,067,400 CNY in 2018 and 23,475,013 CNY in 2019[161]. - There were no adjustments or changes to the cash dividend policy during the reporting period[155]. Business Operations and Strategy - The company operates in a stable industry environment, with no major risks affecting its ongoing operations[6]. - The report indicates that the company has not made any significant changes to its main business during the reporting period[6]. - The company is a major supplier of photoinitiators and thiol compounds, with products used in various industries including electronics, printing, and biomedical applications[28]. - The company is focusing on the development of UV-LED light initiators and low migration light initiators, which are key areas for new product innovation[32]. - The company aims to expand its influence in the global light initiator market, leveraging the upcoming production capacity in Inner Mongolia[34]. - The company has established a robust R&D management process, dividing product development into several clear stages[44]. - The company is actively engaged in the research and development of high-performance light initiators and other key raw materials for light curing applications[32]. Market and Competition - The market for light initiators is expected to grow due to the increasing application of light curing technology across various industries, driven by environmental protection concerns[33]. - The demand for thiol compounds is increasing in the pharmaceutical industry, indicating a broad market potential for the company's products[38]. - The company holds a stable market share in the thiol compound sector, with limited competition from domestic players[36]. - The domestic light initiator industry is experiencing consolidation, with major players emerging due to intense market competition[34]. - The company faces risks related to market competition, as the demand for photoinitiators is rapidly expanding, and new competitors are entering the market[143]. Research and Development - The company has a total of 23 invention patents and 38 utility model patents, with ongoing applications for 10 invention patents and 2 utility models[60]. - The company has significantly increased its fixed assets due to the conversion of construction projects into fixed assets[57]. - The company increased R&D investment, leading to the commercial promotion of new products such as cationic thiosulfate salt photoinitiators and the new product 637A[76]. - Research and development expenses rose by 9.61% to CNY 28,381,228.04, indicating a focus on innovation[101]. - The company has completed industrial technology accumulation for its cationic sulfonium salt photoinitiators, which are recognized for their high solubility and efficiency[102]. Risk Management and Compliance - The company continues to face major risk factors, and the report outlines corresponding countermeasures in the section discussing future development prospects[6]. - The company has established a comprehensive safety management system, including regular safety inspections and a risk control system[50]. - The company is monitoring raw material price fluctuations closely, as production costs are significantly affected by these changes, and is taking measures to mitigate risks[144]. - The company is committed to safety and environmental protection, implementing advanced production processes and strict compliance with regulations to minimize risks[147]. - The company emphasizes environmental protection and adheres to relevant laws and regulations, integrating eco-friendly practices into its operations[200]. Corporate Governance - The company’s independent directors fulfilled their responsibilities in the decision-making process for the cash dividend distribution[155]. - The company has not encountered any issues or discrepancies in the use and disclosure of raised funds[127]. - The company has not engaged in any related party transactions during the reporting period[179]. - The company has implemented an employee stock incentive plan, granting 3.3 million restricted stocks to 190 incentive objects, later adjusted to 175 due to voluntary waivers[174]. - The company reported no significant penalties or rectification issues during the reporting period[172].

浙江扬帆新材料股份有限公司 2021 年第一季度报告全文 浙江扬帆新材料股份有限公司 2021 年第一季度报告 公告编号：2021-021 2021 年 04 月 1 浙江扬帆新材料股份有限公司 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。 公司负责人樊彬、主管会计工作负责人上官云明及会计机构负责人(会计主 管人员)樊丽春声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江扬帆新材料股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否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） | 165,949,576.30 | 97,873,931.32 | 69.55% | | 归属于上市公司股东的净利润（元） | 14,213 ...

浙江扬帆新材料股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人樊彬、主管会计工作负责人上官云明及会计机构负责人(会计主 管人员)樊丽春声明：保证季度报告中财务报表的真实、准确、完整。 1 浙江扬帆新材料股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 □ 是 √ 否 | | 本报告期 | 年初至报告期末 | | | --- | --- | --- | --- | | 支付的优先股股利 | 0.00 | | 0.00 | | 用最新股本计算的全面摊薄每股收益（元/股） | 0.0024 | | 0.08 | 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥221,838,066.39, a decrease of 20.70% compared to ¥279,731,717.00 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥18,730,256.57, down 73.03% from ¥69,444,338.90 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥18,177,176.27, a decrease of 72.65% compared to ¥66,469,432.85 in the same period last year[18]. - The basic earnings per share decreased to ¥0.08, down 73.33% from ¥0.30 in the previous year[18]. - The gross profit margin for the overall business was 33.37%, down 12.09% from the previous year[53]. - The decline in net profit was primarily due to the impact of the COVID-19 pandemic, which led to significant sales pressure domestically and internationally[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,168,731,701.19, an increase of 6.36% from ¥1,098,866,194.52 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥754,606,215.41, a decrease of 2.55% from ¥774,355,185.45 at the end of the previous year[18]. - The company's total liabilities rose to CNY 354,961,378.30, up from CNY 217,904,067.68, indicating a significant increase of 62.9%[156]. - The total liabilities at the end of the reporting period were 599,219,400, indicating a manageable debt level relative to equity[179]. Cash Flow - The net cash flow from operating activities was ¥24,622,250.12, down 5.91% from ¥26,169,154.14 in the same period last year[18]. - Cash and cash equivalents decreased by 11.32% to ¥62,964,400.96, down from ¥136,132,831.76, primarily due to a reduction in the balance of raised funds[55]. - The cash flow from operating activities for the first half of 2020 was CNY 24,622,250.12, a decrease from CNY 26,169,154.14 in the first half of 2019[164]. - The total cash inflow from financing activities was 241,000,000.00 CNY, significantly higher than 52,655,700.00 CNY in the previous year[168]. Research and Development - The company is focusing on technological innovation and expanding its two main business segments: photoinitiators and thiol compounds[25]. - R&D investment for the period was ¥14,719,294.62, a decrease of 8.19% compared to the previous year[51]. - The company emphasizes the importance of R&D investment to enhance product development capabilities and expand product lines[79]. - The company has enhanced its R&D capabilities, with new product industrialization technologies being developed and advanced equipment in the new R&D building[37]. Market and Product Development - The company is actively developing new light initiator products, which are currently in the evaluation stage and expected to become new growth points for future performance[45]. - The company has a comprehensive product range in thiol compounds, with over 500 varieties, making it one of the most complete suppliers in China[26]. - The company is focusing on technological advancements and new product innovations to enhance its competitive edge in the market[171]. - The company plans to expand its market presence and invest in new product development to drive future growth[171]. Strategic Plans - The company is considering strategic acquisitions to enhance its supply chain efficiency, with a budget of 100 million RMB allocated for potential deals[97]. - The company has outlined strategic plans for mergers and acquisitions to further strengthen its market position[171]. - The company plans to increase its capital through a capital reserve transfer of 2.200 million yuan[175]. Environmental Compliance - The company is committed to complying with environmental regulations and improving production processes to mitigate safety and environmental risks[83]. - The company has established wastewater treatment facilities with a capacity of 300 tons per day, utilizing advanced treatment processes[112]. - The company has implemented air pollution control measures, including a new alkaline spray and activated carbon treatment system[113]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company held its annual shareholder meeting with a participation rate of 52.52%[88]. - The total number of common shareholders at the end of the reporting period was 14,491[130]. - The company reported a profit distribution of 23,475,013, indicating a stable return to shareholders[179]. Risks and Challenges - The company faces risks related to product development uncertainties, particularly in formula development, which may lead to potential project failures[78]. - Management risks are anticipated due to the expansion of asset and business scale, necessitating improved management and coordination capabilities[81]. - Fluctuations in raw material prices pose a risk to production costs and profit margins, with the company monitoring price trends closely[82].

Financial Performance - Total revenue for Q1 2020 was ¥97,873,931.32, a decrease of 34.69% compared to ¥149,849,481.50 in the same period last year[7] - Net profit attributable to shareholders was -¥3,126,374.71, representing a decline of 108.56% from ¥36,531,672.25 year-on-year[7] - Basic earnings per share decreased to -¥0.01 from ¥0.16, a drop of 106.25%[7] - The company's revenue for Q1 2020 was ¥97,873,931.32, a decrease of 34.69% compared to Q1 2019 due to the impact of the pandemic and a decline in prices[18] - The net profit for Q1 2020 was -¥3,126,374.71, representing a decline of 108.56% year-on-year, primarily due to the pandemic's impact and reduced prices[18] - The total profit for Q1 2020 was a loss of CNY 4,533,489.11, significantly down from a profit of CNY 42,809,528.27 in the previous year[54] - The company's operating profit for Q1 2020 was a loss of CNY 3,899,895.11, compared to a profit of CNY 42,818,256.27 in Q1 2019[54] - The total comprehensive income for Q1 2020 was a loss of CNY 20,763,777.47, compared to a profit of CNY 36,531,672.25 in the same period last year[52] Cash Flow and Liquidity - Net cash flow from operating activities was ¥1,361,449.19, down 90.60% from ¥14,489,949.36 in the previous year[7] - The company received ¥185,000,000.00 in cash from borrowings in Q1 2020, a significant increase of 1750.00% compared to ¥10,000,000.00 in Q1 2019, indicating increased reliance on loans[17] - The company reported a cash inflow from operating activities of CNY 100,862,798.78, down from CNY 139,044,851.81 in Q1 2019[57] - The total cash inflow from investment activities was 180,261,454.94 CNY, while cash outflow was 75,279,936.47 CNY, resulting in a net cash flow of -75,279,936.47 CNY, compared to -31,532,696.87 CNY previously[58] - The net cash flow from financing activities was 119,009,646.74 CNY, compared to 11,626,700.38 CNY in the previous period, marking an increase of approximately 923%[59] - The company reported a total cash outflow from operating activities of 99,501,349.59 CNY, compared to 124,554,902.45 CNY in the previous period, indicating a reduction of approximately 20.1%[58] Assets and Liabilities - Total assets increased by 10.42% to ¥1,213,315,109.02 from ¥1,098,866,194.52 at the end of the previous year[7] - Current liabilities rose to ¥456,152,923.98, an increase of 42.0% from ¥321,330,757.68 in the previous year[44] - Non-current liabilities totaled ¥3,108,259.49, slightly down from ¥3,180,251.39, indicating a decrease of 2.3%[44] - Owner's equity decreased to ¥754,053,925.55 from ¥774,355,185.45, reflecting a decline of 2.7%[45] - Accounts receivable increased to 57.13 million RMB from 43.25 million RMB year-over-year[42] - Inventory decreased to 99.28 million RMB from 115.44 million RMB year-over-year[42] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,947[10] - The largest shareholder, Zhejiang Yangfan Holding Group Co., Ltd., holds 29.30% of the shares, with 68,776,200 shares pledged[10] Government Support and Subsidies - The company recorded a total of ¥574,297.90 in government subsidies during the reporting period[8] Market and Competitive Landscape - The company faces risks from market competition as the demand for photoinitiators expands, necessitating careful management of new capacity to avoid market oversupply[19] - The company is committed to continuous product development and technological innovation to maintain its competitive edge in expanding application fields[25] - The company is focusing on expanding its market presence and enhancing product development strategies in response to current market conditions[50] Operational Changes and Future Plans - The company plans to enhance its production capacity while leveraging its full industry chain advantages to maintain reasonable profit margins[21] - The company is undergoing a project change from a 5,000t/a photoinitiator series to a 29,000t/a photoinitiator and pharmaceutical intermediate project, supported by favorable market and policy conditions[33] - The company is focusing on product innovation and expanding its R&D capabilities by building a new R&D building and purchasing advanced equipment[26] Labor and Employee Management - The company has implemented measures to address rising labor costs, including improving compensation systems and enhancing employee retention strategies[24] Research and Development - Research and development expenses amounted to CNY 10,135,315.41, a decrease of 13.0% from CNY 11,630,065.99 in the same period last year[54]

Market Demand and Competition - The company reported a significant increase in market demand for photoinitiators due to the rapid expansion of light-curing technology applications, leading to intensified competition in the industry[4]. - The company is expanding its production capacity at its Inner Mongolia facility, which is expected to increase market competition and necessitate careful demand forecasting[4]. - The market for photoinitiators is expected to grow due to the increasing emphasis on environmental protection and the expansion of UV curing technology applications[49]. - The company plans to leverage the upcoming production capacity in Inner Mongolia to enhance its influence in the global photoinitiator market[50]. - The company has a stable market share in the thiol compound sector, with major competitors being relatively small, thus not posing significant competitive pressure[51]. Financial Performance - The company's operating revenue for 2019 was ¥511,692,670.37, a decrease of 2.72% compared to ¥525,975,255.69 in 2018[24]. - The net profit attributable to shareholders in 2019 was ¥101,063,547.78, representing a decline of 26.49% from ¥137,484,515.51 in 2018[24]. - The net cash flow from operating activities decreased by 63.60% to ¥59,293,950.54 in 2019, down from ¥162,907,786.64 in 2018[24]. - Basic earnings per share for 2019 were ¥0.44, a decrease of 26.67% compared to ¥1.15 in 2018[24]. - Quarterly revenue showed a downward trend, with Q4 revenue at ¥106,359,936.53, down from Q1's ¥149,849,481.50[25]. - The company reported a significant drop in Q4 net profit to ¥7,584,398.37, compared to ¥36,531,672.25 in Q1[25]. Research and Development - The company is committed to continuous product and technology innovation, investing in R&D facilities and expanding its research team to maintain competitive advantages in emerging application fields[9]. - The company has established a robust R&D management process to enhance product development efficiency and innovation[43]. - R&D expenses increased as the company hired over 40 new R&D personnel to enhance product competitiveness[68]. - The company is focusing on the development of new photoinitiators, including UV-LED photoinitiators and cationic sulfonium salt photoinitiators, in collaboration with Tongji University[94]. - The company is actively engaged in research and development of light-curing materials to meet the growing demands of additive manufacturing technology[46]. Environmental Commitment - The company emphasizes the importance of safety and environmental protection in its operations, implementing advanced processes and strict compliance with regulations to minimize risks[8]. - The company is committed to producing environmentally friendly and low-toxicity products, aligning with industry trends towards sustainability[46]. - The company has established wastewater treatment facilities with a capacity of 300 tons/day at both production bases, ensuring compliance with discharge standards[183]. - The company reported a total wastewater discharge of 11.905 tons of COD and 0.326 tons of NH3-N, both within the permitted limits[182]. - The company has invested in air pollution control with the addition of two resin adsorption devices and a thermal oxidation incinerator, operating normally throughout the year[184]. Supply Chain and Cost Management - The company is actively monitoring raw material price fluctuations and has implemented strategies to mitigate cost impacts, including new product development and improved processes[5]. - The company is focused on enhancing its supply chain management by strengthening relationships with key suppliers and exploring new sourcing options to ensure stable raw material supply[5]. - The company is leveraging its full industry chain advantages to maintain reasonable profit margins while adapting to dynamic market demands[4]. - The company emphasizes new product development and process optimization to reduce waste emissions and improve product quality while lowering production costs[47]. Shareholder Returns and Dividends - The company plans to distribute cash dividends of 1 RMB per 10 shares to shareholders, based on a total of 234,750,130 shares[11]. - The total cash dividend distributed in 2019 amounted to RMB 23,475,013, representing 23.23% of the net profit attributable to the company's ordinary shareholders[139]. - The cash dividend for 2018 was RMB 37,067,400, which accounted for 26.96% of the net profit attributable to the company's ordinary shareholders[139]. - The company has consistently maintained a positive profit distribution policy over the past three years, with increasing cash dividends each year[139]. Corporate Governance and Compliance - The company has committed to fulfilling all promises made regarding share transfers and management of shares held by its controlling shareholders and executives[140]. - The company will ensure that any related party transactions are conducted on an equal, voluntary, and fair basis, adhering to market prices[142]. - The company has confirmed that it will not engage in any activities that could compromise its operational independence from its controlling shareholders[142]. - The company has implemented changes in accounting policies due to the new financial instrument standards effective from January 1, 2019, as approved by the board of directors[145]. Market Expansion and Strategic Initiatives - The company is actively pursuing market expansion in developed regions such as Taiwan, South Korea, Ireland, the UK, the Netherlands, and the US[60]. - The company plans to continue expanding its market presence and product offerings, leveraging its technological capabilities and government support[116]. - The company is implementing a dual-driven development strategy, focusing on both organic growth and external expansion through mergers and acquisitions[126]. - The company is committed to attracting high-end professionals and building a diverse management team to support long-term development[130].

浙江扬帆新材料股份有限公司 2019 年第三季度报告全文 2019 年 10 月 1 浙江扬帆新材料股份有限公司 2019 年第三季度报告 2019-073 浙江扬帆新材料股份有限公司 2019 年第三季度报告全文 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。 公司负责人樊彬、主管会计工作负责人上官云明及会计机构负责人(会计主 管人员)樊丽春声明：保证季度报告中财务报表的真实、准确、完整。 1 浙江扬帆新材料股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 925,714,371.77 | 800,552,646.25 | | 15.63% | | 归属于上市公司股东的净资产 | 76 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2019, achieving a total revenue of 500 million RMB, representing a year-on-year growth of 20%[1] - Total revenue for the reporting period reached ¥279,731,717, an increase of 10.66% compared to ¥252,793,846 in the same period last year[24] - The company achieved operating revenue of CNY 279,731,717, representing a year-on-year growth of 10.66%[48] - The company's net profit attributable to shareholders reached CNY 69,444,338.90, an increase of 3.6% compared to the previous year[48] - Net profit for the first half of 2019 reached CNY 69,444,338.90, representing a 3.6% increase from CNY 67,034,220.60 in the same period of 2018[157] - The total profit for the first half of 2019 was CNY 80,489,246.86, compared to CNY 79,498,731.03 in the first half of 2018, indicating a growth of 1.2%[157] - Basic earnings per share dropped to ¥0.30, a decrease of 44.44% from ¥0.54 in the same period last year[24] - The diluted earnings per share after the recent share changes is RMB 0.58, down from RMB 1.15 in the previous year[127] Research and Development - The company plans to invest 10% of its revenue into R&D to enhance product development and meet the growing demands of downstream customers[5] - Research and development expenses increased by 35.34% to RMB 16,032,700, reflecting a greater investment in R&D compared to the previous year[55] - The company has accumulated 19 invention patents and 20 utility model patents, enhancing its technological research and development capabilities[40] - The company is focusing on the development of new products, including new types of photoinitiators, which are currently in the testing phase and expected to drive future growth[49] - The company anticipates potential risks in new product development due to high technical difficulty and long cycles, emphasizing the need for continued R&D investment to meet expanding customer demands[86] Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 15%, with a total of 1,200 active clients as of June 30, 2019[1] - Future outlook includes a projected revenue growth of 25% for the second half of 2019, driven by new product launches and market expansion strategies[1] - The company is actively exploring acquisition opportunities to enhance its market position and diversify its product offerings[1] - The company is focusing on developing new technologies, with three new products expected to be launched by the end of 2019, targeting a market share increase of 5%[5] - The company has established long-term cooperative relationships with well-known international and domestic clients, enhancing its market presence[42] Financial Position and Assets - Total assets at the end of the reporting period were ¥814,510,994, an increase of 1.74% from ¥800,552,646 at the end of the previous year[24] - The company’s total liabilities as of the end of the reporting period were CNY 85,081,913.68, compared to CNY 57,862,468.70 at the end of the previous period[154] - The total equity of the company was CNY 571,750,350.90, slightly up from CNY 570,217,450.83 in the previous period[154] - The company’s total assets reached CNY 656,832,264.58, an increase from CNY 628,079,919.53 in the previous period[154] - The company’s total liabilities to total assets ratio improved to approximately 9.6% from 12.3%[149] Cash Flow and Investments - The net cash flow from operating activities decreased by 64.51% to ¥26,169,154 from ¥73,726,980 in the previous year[24] - The investment activities generated a net cash flow of -RMB 7,709,360.97, a 68.07% improvement from the previous year[55] - The company reported cash and cash equivalents at the end of the period amounting to CNY 135,591,105.40, down from CNY 210,386,488.51 at the end of the first half of 2018[164] - The company reported a significant increase in investment, with a total of CNY 383.44 million during the reporting period, up 116.56% from CNY 177.06 million in the same period last year[67] - The company’s cash and cash equivalents decreased by 35.55% to RMB 135,591,105, attributed to the use of raised funds[57] Environmental Compliance and Sustainability - Environmental compliance remains a priority, with ongoing investments in sustainable practices to meet regulatory requirements and enhance operational safety[10] - The company has completed all necessary environmental protection measures and has no outstanding issues with regulatory compliance[116] - The company has engaged in a significant related party transaction, contributing RMB 100 million to the Fuhai Guangyang Fund, which aims to acquire a 99.88% stake in Changzhou Guangyang Holdings Co., Ltd. for RMB 1.199 billion[109] - The company operates two wastewater treatment facilities with a capacity of 300 tons per day, ensuring compliance with discharge standards[117] - The company has established emergency response plans for various environmental incidents and regularly conducts drills to enhance emergency capabilities[119] Risk Management - Management highlighted the importance of improving internal controls and operational systems to mitigate risks associated with rapid expansion[6] - The fluctuation in raw material prices has been identified as a risk, with strategies in place to control procurement costs and maintain profit margins[9] - The company faces stock market risks influenced by various external factors, and it is committed to enhancing operational performance to protect shareholder interests[89] - The company is focused on compliance with environmental regulations, which may increase operational costs, and is investing in safety and environmental training to minimize risks[91] Shareholder and Governance - The company has committed to not distributing cash dividends for the reporting period, opting to reinvest profits into growth initiatives[10] - The company has not engaged in any derivative investments or entrusted loans during the reporting period, maintaining a conservative financial strategy[80][81] - The company has made commitments regarding the transfer of shares by its directors and senior management[97] - The company will ensure that any related transactions are conducted at fair market prices[98] - The company has not reported any issues with the use and disclosure of raised funds, reflecting transparency in financial operations[74]

Financial Performance - Total revenue for Q1 2019 reached ¥149,849,481.50, an increase of 28.62% compared to ¥116,503,465.70 in the same period last year[7] - Net profit attributable to shareholders was ¥36,531,672.25, reflecting a growth of 36.82% from ¥26,700,116.44 year-on-year[7] - Basic earnings per share increased to ¥0.30, up 36.36% from ¥0.22 in the previous year[7] - The total profit for the quarter was CNY 42,809,528.27, an increase of 35.40% compared to the same period last year[17] - Total operating revenue increased to ¥149,849,481.50 from ¥116,503,465.70, representing a growth of approximately 28.6% year-over-year[43] - Net profit for the period was ¥36,531,672.25, up from ¥26,700,116.44, reflecting a growth of approximately 37% year-over-year[44] - Operating profit improved to ¥42,818,256.27 from ¥31,080,998.58, a rise of approximately 37.7% year-over-year[44] Cash Flow - The net cash flow from operating activities was ¥14,489,949.36, representing a 7.91% increase compared to ¥13,428,241.79 in the same period last year[7] - The company reported a cash inflow from operating activities of ¥133,641,080.87, slightly up from ¥131,675,892.86[51] - The net cash flow from operating activities for the first quarter was ¥14,489,949.36, an increase from ¥13,428,241.79 in the previous year, reflecting a growth of approximately 7.9%[52] - The company’s total cash inflow from operating activities was ¥139,044,851.81, compared to ¥136,048,860.14 in the previous year, showing a slight increase of approximately 2.2%[52] - The company reported a net cash flow from financing activities of ¥11,626,700.38, compared to ¥5,000,000.00 in the same period last year, indicating a significant increase of approximately 132.5%[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥820,341,084.96, a rise of 2.47% from ¥800,552,646.25 at the end of the previous year[7] - Current liabilities decreased to CNY 77,658,362.16 from CNY 95,492,373.12, a reduction of about 18.7%[36] - The total liabilities decreased to CNY 81,054,589.25 from CNY 98,960,592.11, a decline of about 18.2%[36] - Non-current assets rose to CNY 361,329,200.56, compared to CNY 326,312,419.20, marking an increase of approximately 10.7%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,670[11] - The largest shareholder, Zhejiang Yangfan Holdings Group Co., Ltd., held 29.29% of the shares, amounting to 36,198,000 shares[11] - The total equity attributable to shareholders increased to CNY 739,286,495.71 from CNY 701,592,054.14, representing a growth of approximately 5.4%[37] Research and Development - Research and development expenses surged by 119.84% to CNY 11,630,065.99, primarily due to increased personnel costs[15] - The company is focusing on enhancing its research and development capabilities to maintain competitive advantages in expanding application fields[22] Investment Activities - Cash flow from investment activities saw a significant increase, with cash received from other investment activities amounting to CNY 179,138,173.56[16] - The total amount of raised funds is 246.03 million RMB, with 21.52 million RMB invested in the current quarter[26] - Cumulative investment from raised funds amounts to 79.01 million RMB, representing 79.51% of the total raised funds[26] - The project "29,000t/a photoinitiator and pharmaceutical intermediates" has a total investment of 195.63 million RMB, with 17.18 million RMB invested in the current report period[27] Inventory and Receivables - Accounts receivable increased by 42.60% to CNY 35,436,289.61 due to higher sales revenue[15] - Accounts receivable surged to CNY 12,603,303.75 from CNY 4,627,901.46, indicating a significant increase of approximately 172.5%[39] - Inventory decreased to 107.07 million RMB from 114.13 million RMB, reflecting improved inventory management[34] - Inventory levels rose to CNY 49,678,515.94 from CNY 46,198,033.48, an increase of about 5.4%[39] Compliance and Commitments - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[24] - There are no violations regarding external guarantees during the reporting period[29] - The company has not experienced any significant changes in expected profits compared to the same period last year[29]