南京聚隆科技股份有限公司 2022 年第三季度报告 证券代码：300644 证券简称：南京聚隆 公告编号：2022-106 南京聚隆科技股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 （一） 主要会计数据和财务指标 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度报告是否经过审计 □是 否 1 南京聚隆科技股份有限公司 2022 年第三季度报告 一、主要财务数据 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 436,607,508.07 | 10.56% | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥784,109,746.30, representing a 4.37% increase compared to ¥751,277,902.50 in the same period last year[21]. - The net profit attributable to shareholders decreased by 19.68% to ¥20,381,357.18 from ¥25,376,323.06 year-on-year[21]. - The basic earnings per share decreased by 19.67% to ¥0.1875 from ¥0.2334 in the same period last year[21]. - The company reported a decrease of 21.31% in net profit after deducting non-recurring gains and losses, amounting to ¥16,267,840.98 compared to ¥20,672,569.12 in the previous year[21]. - The gross margin for high-performance modified nylon decreased by 2.80% to 13.56%, while the gross margin for high-performance polypropylene increased by 2.80% to 9.59%[66]. - The company reported a total revenue of 25,263.4 million, with a year-on-year increase of 2,489.84 million, representing a growth of approximately 10.9%[82]. - The company reported a total revenue of ¥575,539,985.33 from sales of goods and services in the first half of 2022, compared to ¥484,852,735.23 in the first half of 2021, marking an increase of approximately 18.7%[184]. - The company reported a total comprehensive income for the period of ¥20,021,342.33, reflecting the overall financial performance[186]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching ¥19,959,411.63, compared to a negative cash flow of ¥69,852,903.01 in the previous year, marking a 128.57% increase[21]. - The company’s cash flow from operating activities generated a net inflow of CNY 19,959,411.63, a significant recovery from a net outflow of CNY 69,852,903.01 in the previous year[182]. - Cash and cash equivalents decreased to ¥73,536,783.33, accounting for 4.96% of total assets, down from 7.82% at the end of the previous year, a decrease of 2.86%[69]. - The company’s cash and cash equivalents decreased to CNY 58,263,446.26 from CNY 94,386,853.49 at the beginning of the year, a decline of 38.2%[172]. - The company’s total assets at the end of the reporting period were not specified, but the equity attributable to shareholders was reported at ¥750,559,000.00[186]. Research and Development - The company has invested heavily in R&D, with a focus on developing high-performance materials for applications in 5G, automotive lightweighting, and renewable energy sectors[50]. - Research and development expenses rose by 7.46% to ¥27,501,447.78, reflecting increased investment in innovation[64]. - The company is actively engaged in research and development of new products and technologies to drive future growth[82]. - The company has established a modular R&D system with specialized teams for different projects, enhancing product development quality and responsiveness to customer needs[53]. - The company has developed a high-performance nylon material for 3D blow molding, which maintains good product appearance while being heat-resistant and dimensionally stable[54]. Market and Product Development - Revenue from the automotive sector reached 487 million yuan, a year-on-year increase of 18%, accounting for 62% of total sales[38]. - The company has become a qualified supplier for over 10 new energy vehicle enterprises, enhancing its position in the market[38]. - The company developed 49 new product models for the automotive sector by the end of the reporting period[38]. - The company is focusing on the research and application of special materials, including high-performance flame-retardant and high-temperature stable materials[38]. - The company is responding to national carbon neutrality goals by expanding the market for high-performance recycled plastic materials[38]. Strategic Initiatives - The company plans to enhance its market expansion strategies and explore potential mergers and acquisitions to strengthen its competitive position[82]. - The company is considering strategic acquisitions to bolster its market position, with a target of identifying at least three potential candidates by the end of the year[121]. - The company plans to optimize its business model and enhance R&D capabilities to adapt to market changes and customer needs[96]. - The company is focusing on green development and innovation, aligning with national policies to promote sustainable materials and technologies[49]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company repurchased and canceled a total of 712,300 shares from its 2020 restricted stock incentive plan, accounting for 31.74% of the plan's target shares and 0.66% of the total share capital before repurchase[109]. - The total number of shares after the recent changes is 108,682,100, maintaining 100% of the total share structure[149]. - The largest shareholder, Jiangsu Shuntian Co., Ltd., held 14.38% of the shares, totaling 15,624,770 shares, all of which were unrestricted[154]. Risks and Challenges - The company is facing risks related to macroeconomic fluctuations, which could impact demand in key application sectors such as automotive and high-speed rail[95]. - The ongoing COVID-19 pandemic presents uncertainties that may negatively impact production and operational performance[100]. - The company is exposed to raw material price volatility, particularly for nylon and polypropylene, which could affect profitability if costs rise significantly[97]. - The company is monitoring the impact of exchange rate fluctuations on imported raw materials and exported products[101]. Compliance and Governance - The semi-annual financial report was not audited[126]. - There were no significant litigation or arbitration matters during the reporting period[128]. - The company has established a comprehensive confidentiality system to protect core technology and prevent the loss of key personnel[99]. - The company has committed to social responsibility by adhering to tax regulations and contributing to local economic development[119].

Revenue and Profit - The company's revenue for Q1 2022 was ¥409,763,527.26, representing a 9.11% increase compared to ¥375,547,910.46 in the same period last year[4] - Net profit attributable to shareholders decreased by 6.28% to ¥14,138,281.51 from ¥15,086,017.37 year-on-year[4] - The net profit for Q1 2022 was CNY 14,125,846.41, a decrease of 6.6% from CNY 15,119,564.79 in the previous year[21] - Basic earnings per share decreased by 6.54% to ¥0.1301 from ¥0.1392 in the same period last year[4] - The basic earnings per share for Q1 2022 was CNY 0.1301, down from CNY 0.1392 in the same quarter last year[22] Cash Flow and Financial Activities - The net cash flow from operating activities improved significantly, with a net cash flow of -¥31,191,423.07, a 65.07% increase from -¥89,307,692.45 in the previous year[4] - Cash flow from operating activities for Q1 2022 was CNY 300,054,859.67, compared to CNY 238,282,749.56 in the previous year[23] - Total cash inflow from operating activities was 309,993,736.03 CNY, while cash outflow was 341,185,159.10 CNY[25] - Cash flow from investment activities showed a net inflow of 5,506,978.16 CNY, compared to a net outflow of -27,542,491.75 CNY in the same period last year[25] - Cash inflow from financing activities was 82,354,450.60 CNY, with cash outflow totaling 81,945,881.49 CNY, resulting in a net cash flow of 408,569.11 CNY[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,515,379,703.20, a slight increase of 0.58% from ¥1,506,585,433.20 at the end of the previous year[4] - The total liabilities as of Q1 2022 amounted to CNY 749,487,817.28, slightly down from CNY 756,026,340.97[18] - Total restricted shares at the end of the period is 23,685,176, down from 25,753,396 at the beginning of the period[13] - Cash and cash equivalents at the end of the period is ¥102,951,827.41, down from ¥117,747,835.54 at the beginning of the year[15] - Accounts receivable increased to ¥435,494,561.12 from ¥432,146,709.42[16] Expenses - The company reported a 43.61% increase in management expenses, primarily due to higher salaries, depreciation, and entertainment expenses[8] - The total operating costs for Q1 2022 were CNY 400,074,986.00, up from CNY 358,982,449.22, reflecting a year-over-year increase of 11.4%[19] - Research and development expenses for Q1 2022 were CNY 14,602,836.12, an increase from CNY 11,374,784.26 in the same period last year[19] - Financial expenses surged by 258.17%, mainly due to increased interest expenses and foreign exchange losses[8] - The company reported a financial expense of CNY 3,753,261.68, which is significantly higher than CNY 1,047,897.35 from the previous year[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,922[11] - Liu Yue holds 14.68% of shares, amounting to 15,956,458 shares, with 11,967,343 shares under lock-up[11] - Jiangsu Shuntian Co., Ltd. holds 14.38% of shares, totaling 15,624,770 shares, with no lock-up[11] - The company has implemented a stock incentive plan affecting 1,060,800 shares under management[13] Cash Management - The ending balance of cash and cash equivalents was 75,188,258.31 CNY, down from 100,783,734.80 CNY at the beginning of the period[26] - The company received 24,000,000.00 CNY from investment recoveries, a decrease from 66,000,000.00 CNY in the previous year[25] - The company paid 39,373,908.44 CNY to employees, slightly increasing from 39,046,338.61 CNY year-over-year[25] - The total cash outflow for investment activities was 18,721,850.27 CNY, significantly lower than 93,806,908.02 CNY in the previous year[25] - The impact of exchange rate changes on cash and cash equivalents was -319,600.69 CNY, contrasting with a positive impact of 75,642.90 CNY in the previous year[26]

Financial Performance - The net profit attributable to shareholders for the reporting period was 31.78 million yuan, a decrease of 48.04% year-on-year[5]. - The company's operating revenue for 2021 was ¥1,659,360,853.10, representing a 45.73% increase compared to ¥1,138,670,870.24 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥31,783,704.93, a decrease of 48.04% from ¥61,168,569.52 in 2020[24]. - The net profit after deducting non-recurring gains and losses was ¥19,837,291.63, down 64.24% from ¥55,472,628.02 in 2020[24]. - The net cash flow from operating activities was negative at ¥56,504,536.42, a decline of 482.03% compared to ¥14,790,484.87 in 2020[24]. - The total assets at the end of 2021 were ¥1,506,585,433.20, an increase of 10.76% from ¥1,360,228,169.16 at the end of 2020[24]. - The net assets attributable to shareholders at the end of 2021 were ¥745,087,767.45, a growth of 3.25% from ¥721,654,264.86 at the end of 2020[24]. - The company reported a basic earnings per share of ¥0.2976, down 47.99% from ¥0.5722 in 2020[24]. - The company experienced a significant decline in quarterly net profit, with the fourth quarter showing only ¥820,781.67 compared to ¥15,086,017.37 in the first quarter[26]. - The company achieved a revenue of 1.659 billion yuan, an increase of 45.73% compared to the previous year, while the net profit attributable to shareholders decreased by 48.04% to 31.7837 million yuan[76]. Market and Sales Performance - In 2021, the total automobile sales reached 26.275 million units, a year-on-year increase of 3.8%, while new energy vehicle sales surged by 157.5% to 3.521 million units[8]. - The company plans to enhance its market development efforts to consolidate and expand the sales volume of its main products, aiming to increase market share[10]. - The company will focus on expanding its product line and vertically integrating its supply chain to seize market opportunities[9]. - Sales of materials for high-speed rail and rail transit reached 123 million yuan, a year-on-year increase of 70.99%[77]. - Sales of automotive materials amounted to 943 million yuan, reflecting a growth of 47.99% year-on-year[79]. - The automotive parts segment generated CNY 942.94 million, accounting for 56.83% of total revenue, with a year-on-year growth of 47.99%[90]. - The company expanded its market development in sectors such as communications electronics, new energy vehicles, and healthcare, contributing to sales growth[96]. Research and Development - The company will continue to improve R&D efficiency and accelerate the development of high-margin new materials to create new profit growth points[11]. - The company has established a strong R&D team focused on high-performance polymer materials, with core members holding advanced degrees and industry experience[64]. - The company has obtained 10 invention patents related to high-performance modified nylon materials, enhancing its R&D capabilities[59]. - The company is actively involved in the development of advanced materials, including carbon fiber and special engineering plastics, to enhance its competitive edge in the market[41]. - The R&D team is focusing on developing high-gloss, high-white, low-cost flame-retardant ABS materials to meet market demands[106]. - The company is currently developing several key projects, including electromagnetic absorption materials and high-performance nylon materials for automotive applications[104]. Supply Chain and Production - The company faced significant cost increases due to rising prices of major raw materials, leading to a decline in gross margin[6]. - The company will optimize its raw material supply chain management and strengthen internal controls to improve profitability[9]. - The company’s main raw materials include PA66 (24.64% of total procurement) and PP (28.17%), with procurement strategies focused on direct sourcing from manufacturers[58]. - The company achieved a production capacity utilization rate of 85% for high-performance modified nylon, with a designed capacity of 40,000 tons and an additional 20,000 tons under construction[60]. - The company is committed to optimizing its supply chain logistics to ensure timely raw material supply and enhance procurement capabilities, especially as procurement volume increases[143]. Government and Industry Trends - The government has set a target for the self-sufficiency rate of new chemical materials to increase from approximately 70% in 2020 to over 80% by 2025, indicating a strong policy support for the industry[38]. - The modified plastics industry in China is rapidly growing, with production increasing from 705,000 tons in 2010 to approximately 2,250,000 tons in 2020[35]. - The company is positioned to benefit from the growing demand for environmentally friendly materials, aligning with national strategies for carbon neutrality and resource recycling[37]. - The government’s "dual credit" policy mandates that by 2023, the proportion of new energy vehicles in total vehicle sales must reach 18%, driving the demand for innovative materials in the automotive sector[38]. Risk Management - The company faces risks from macroeconomic fluctuations and industry competition, which could impact demand for its products; it plans to adapt its business model and enhance R&D capabilities to mitigate these risks[145]. - Raw material price volatility poses a significant risk; the company will implement strategic procurement and long-term supply agreements to minimize cost impacts[146]. - The ongoing COVID-19 pandemic presents uncertainties that may affect demand in downstream sectors; the company will closely monitor the situation and respond proactively[149]. - Currency exchange rate fluctuations could impact the company's import and export activities; it plans to manage this risk through strategic financial instruments and insurance[150]. Governance and Compliance - The company has maintained compliance with governance standards and improved its internal control systems to protect shareholder interests[154]. - The company held 12 board meetings during the reporting period, complying with relevant laws and regulations[156]. - The board consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[155]. - The company has established a performance evaluation system linking executive compensation to company and individual performance[157]. - The company ensures transparency in information disclosure, allowing equal access to information for all shareholders[157]. Employee and Management - The total number of employees at the end of the reporting period was 713, with 474 in the parent company and 239 in major subsidiaries[187]. - The company has implemented a performance evaluation mechanism for senior management, ensuring competitive salary standards based on job responsibilities and performance[200]. - The company has seen a stable leadership structure with no significant changes in key positions during the reporting period[177]. - The company has established a remuneration committee to oversee the compensation structure, which is linked to operational performance and skill sets[176].

Revenue and Profit - Revenue for Q3 2021 reached ¥394,909,451.40, an increase of 39.11% year-over-year, and cumulative revenue for the year was ¥1,146,187,353.90, up 52.24% compared to the same period last year[3] - Net profit attributable to shareholders was ¥5,586,600.20, a year-over-year increase of 31.85%, while cumulative net profit decreased by 38.84% to ¥30,962,923.26[3] - Basic earnings per share for Q3 2021 was ¥0.0514, down 26.60% year-over-year, and cumulative earnings per share decreased by 64.00% to ¥0.2848[3] - The total profit for the period decreased by 43.89% year-over-year, influenced by rising raw material costs and delayed sales price adjustments[9] - The net profit for the third quarter was CNY 31,131,143.82, a decrease of 38.4% from CNY 50,561,424.33 in the previous year[22] Cash Flow and Assets - Operating cash flow for the year showed a net outflow of ¥73,600,105.30, a significant decline of 239.78% compared to the previous year[3] - Cash and cash equivalents saw a net decrease of 90.49% year-over-year, primarily due to a decline in operating cash flow[10] - The cash flow from operating activities for the current period was CNY 834,993,007.20, compared to CNY 632,650,999.17 in the previous year[25] - The net cash flow from operating activities was -73,600,105.30 CNY, a decrease compared to 52,654,747.92 CNY in the previous year[26] - The total cash and cash equivalents at the end of the period were 69,232,505.88 CNY, slightly up from 66,389,058.26 CNY year-over-year[27] Costs and Expenses - The company reported a 66.65% increase in operating costs year-over-year, primarily due to rising raw material prices[8] - Research and development expenses increased by 51.00% year-over-year, indicating a focus on new product and technology development[8] - The total operating costs amounted to CNY 1,120,878,701.91, up 60.7% from CNY 696,279,786.88 year-on-year[21] - Cash paid for purchasing goods and services was 813,843,384.36 CNY, significantly higher than 475,360,497.40 CNY in the same quarter last year[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,731[12] - Liu Yue holds 14.68% of shares, amounting to 15,956,458 shares, while Jiangsu Shuntian Co., Ltd. holds 14.37% with 15,624,770 shares[12] - The company has a total of 13,786,052 shares under lock-up restrictions, with 737,800 shares released during the period[15] - Liu Shuyang's locked shares increased to 4,801,285 shares after adding 1,977,000 shares during the period[15] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥1,421,560,424.76, reflecting a growth of 4.51% from the end of the previous year[3] - The company's total assets reached CNY 1,421,560,424.76, compared to CNY 1,360,228,169.16 at the end of the previous period[19] - The total liabilities increased to CNY 673,925,201.23 from CNY 631,726,034.04, reflecting a rise of 6.4%[19] - The total non-current assets amounted to CNY 448,801,267.69, an increase from CNY 420,838,618.90[19] Accounts Receivable and Inventory - Accounts receivable increased from 324,282,049.08 yuan to 353,456,926.25 yuan, representing an increase of approximately 9%[17] - Inventory rose from 295,481,255.10 yuan to 339,118,959.45 yuan, indicating an increase of about 14.8%[17] Other Information - The company has not reported any significant new strategies or product developments in the current quarter[16] - There are no changes in the number of preferred shareholders as it is not applicable for this reporting period[14] - The company did not adjust the beginning balance of the balance sheet for the new leasing standards as it does not involve the recognition of right-of-use assets and lease liabilities[28] - The third-quarter report was not audited[28]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥751,277,902.50, representing a 60.20% increase compared to ¥468,969,846.52 in the same period last year[25]. - The net profit attributable to shareholders of the listed company decreased by 45.30% to ¥25,376,323.06 from ¥46,392,850.26 year-on-year[25]. - The net profit after deducting non-recurring gains and losses fell by 52.89% to ¥20,672,569.12 compared to ¥43,883,396.14 in the previous year[25]. - The net cash flow from operating activities was negative at -¥69,852,903.01, a decline of 172.21% from ¥96,740,522.84 in the same period last year[25]. - Basic earnings per share decreased by 45.26% to ¥0.2334 from ¥0.4264 year-on-year[25]. - The company's net profit attributable to the parent company for the reporting period was 25.37 million yuan, a decrease of 45.3% year-on-year[42]. - Operating costs increased by 80.58% to ¥660.96 million from ¥366.02 million, attributed to rising sales revenue and raw material prices[71]. - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥69.85 million compared to a net inflow of ¥96.74 million in the previous year, mainly due to increased cash payments for strategic raw material procurement[71]. - The company’s financial expenses surged by 127.66% to ¥4.26 million, primarily due to increased interest payments on short-term loans[71]. - The company’s cash and cash equivalents decreased by 21.15% to a net outflow of ¥32.84 million, attributed to the decline in operating cash flow[71]. Revenue Segments - Sales revenue in the automotive and new energy vehicle parts materials segment increased by 70% year-on-year, driven by strong innovation and core technology advantages[34]. - The company's revenue from the wood-plastic environmental building materials segment reached 68.36 million yuan, a 61% increase year-on-year, primarily from overseas exports[37]. - The communications, electronics, and electrical materials segment saw a 185% increase in revenue year-on-year, particularly in garden tools and power tools projects[36]. - The company achieved a revenue of 750 million yuan in the first half of 2021, representing a 60.2% increase compared to the same period last year[40]. - The company reported a revenue increase of 25% year-over-year for the first half of 2021[140]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,401,863,717.89, an increase of 3.06% from ¥1,360,228,169.16 at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company increased by 1.47% to ¥732,235,868.76 from ¥721,654,264.86 at the end of the previous year[25]. - Accounts receivable increased to ¥340,310,892.75, representing a 24.28% increase compared to ¥324,282,049.08[79]. - Inventory rose to ¥302,604,487.25, showing a 21.59% increase from ¥295,481,255.10[79]. - Fixed assets increased significantly to ¥352,128,518.77, up from ¥197,737,211.27, marking a growth of 25.12%[79]. - Short-term loans increased to ¥204,950,508.18, reflecting a 14.62% rise from ¥140,290,247.98, primarily due to strategic procurement[79]. - Contract liabilities decreased to ¥8,233,070.49, down from ¥16,704,110.19, a decline of 0.64% attributed to reduced advance payments[79]. Research and Development - Research and development investment rose by 43.69% to ¥25.59 million from ¥17.81 million, reflecting the company's commitment to innovation[71]. - The company has established a mature and stable R&D team consisting of experts in polymer materials, senior engineers, and PhD and master's degree holders, focusing on three main sectors: modified engineering plastics, plastic-wood environmental materials, and carbon fiber composite materials[56]. - The company has increased R&D investment in materials for the new energy vehicle sector, developing flame-retardant long glass fiber reinforced thermoplastic materials that meet lightweight technology upgrade requirements[59]. - The company has applied for 8 invention patents during the reporting period, with a total of 44 invention patents and 26 utility model patents accumulated by the end of the reporting period[64]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has implemented an equity incentive plan, granting reserved shares to 7 middle management and core technical personnel to strengthen talent retention[45]. - The company is advancing its fundraising investment projects, with the intelligent production upgrade project completed at 86.05%[44]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for this purpose[140]. - The company plans to grant 205,000 restricted stock units to 7 incentive targets at a price of 14.8 CNY per share, with the grant date on May 31, 2021[121]. Market and Operational Risks - The company faces various operational risks, which are detailed in the report[6]. - The company will closely monitor the development of the COVID-19 situation and actively respond to mitigate its negative impact on operations[113]. - The ongoing uncertainty due to the COVID-19 pandemic may lead to a decline in demand in related downstream sectors, potentially adversely affecting the company's production and operations[112]. - Major raw material price fluctuations may put pressure on the company's cost control[109]. - The company will establish a professional team to concentrate its strengths and quickly tackle challenges, forming a distinctive and advantageous product group[108]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,710[187]. - The largest shareholder, Liu Yue, holds 14.67% of the shares, totaling 9,386,152 shares, with an increase of 137,142 shares during the reporting period[187]. - The company completed the registration of the stock incentive plan on June 25, 2021, allowing for the transfer of 205,000 shares to seven incentive recipients[182]. - The number of unrestricted shares increased by 15,314,330, bringing the total to 55,533,710, which accounts for 86.77% of total shares[179]. Compliance and Governance - The company has not faced any administrative penalties for environmental issues during the reporting period and adheres to national and local environmental regulations[126]. - The company strictly adheres to tax regulations and contributes to local economic development while maintaining its own growth[133]. - The financial report for the first half of 2021 has not been audited, which is a standard practice for this reporting period[155]. - There are no reported violations or penalties during the reporting period, indicating a stable operational environment[157].

Financial Performance - The company's operating revenue for 2020 was ¥1,138,670,870.24, representing a 19.45% increase compared to ¥953,248,935.72 in 2019[18]. - The net profit attributable to shareholders for 2020 was ¥61,168,569.52, a significant increase of 108.96% from ¥29,273,043.20 in 2019[18]. - The net profit after deducting non-recurring gains and losses was ¥55,472,628.02, which is a 190.74% increase compared to ¥19,079,843.98 in 2019[18]. - The basic earnings per share for 2020 was ¥0.9727, up 112.66% from ¥0.4574 in 2019[18]. - The total assets at the end of 2020 were ¥1,360,228,169.16, reflecting a 31.77% increase from ¥1,032,252,837.40 at the end of 2019[18]. - The net assets attributable to shareholders at the end of 2020 were ¥721,654,264.86, a 4.03% increase from ¥693,689,363.71 at the end of 2019[18]. - The net cash flow from operating activities for 2020 was ¥14,790,484.87, a decrease of 53.65% compared to ¥31,912,794.67 in 2019[18]. - The weighted average return on equity for 2020 was 8.75%, an increase of 4.51% from 4.24% in 2019[18]. Revenue Breakdown - The company's total revenue for Q1, Q2, Q3, and Q4 was approximately 149.72 million, 319.25 million, 283.89 million, and 385.81 million respectively, showing a significant increase in Q2 and Q4[20]. - The net profit attributable to shareholders for the same quarters was 5.09 million, 41.30 million, 4.24 million, and 10.54 million, indicating a peak in Q2[20]. - The net profit excluding non-recurring gains and losses for Q1, Q2, Q3, and Q4 was 4.05 million, 39.83 million, 2.77 million, and 8.81 million, with Q2 again showing the highest figure[20]. - The sales revenue of materials for the automotive and new energy vehicle sectors reached 630 million yuan, a year-on-year increase of 15%, outpacing the growth rate of the automotive industry[57]. - The total revenue from the top five customers accounted for 12.08% of the annual sales, amounting to ¥134,883,687.46[86]. Market and Product Development - The company operates in the new materials sector, focusing on the research, production, and sales of high-performance polymer materials[27]. - Key products include high-performance nylon materials and engineering plastics, widely used in automotive, rail transport, and electronic communication sectors[27]. - The company has developed new materials for various applications, including medical health and drone components, showcasing its R&D capabilities[32]. - The company has focused on the development of high-performance nylon products, enhancing its profitability through refined management across R&D, production, and procurement[35]. - The company is positioned in a highly competitive modified plastics industry, with a focus on lightweight, environmentally friendly, and high-performance materials driven by new energy vehicles and smart appliances[37]. - The company is actively expanding its market presence and exploring new profit growth points in response to increasing application demands from downstream customers[35]. Research and Development - The company has made significant progress in R&D, with key projects receiving national awards, including the preparation and application of inorganic nanomaterials[42]. - The company has accumulated 42 invention patents and 26 utility model patents, and has led the drafting of 5 national standards[48]. - The company is developing new products in the field of elastic co-extrusion and flame-retardant co-extrusion for plastic wood materials[69]. - The company has developed high-temperature, thermally stable modified nylon 66 and nylon 6 materials, which are core competitive products for battery thermal management systems[58]. - The company plans to enhance its position in high-performance nylon materials and increase R&D in biodegradable and carbon fiber composite materials[126]. Financial Management and Investments - The company has successfully completed its first equity incentive plan in 2020 to attract and retain talent, enhancing the management team's sense of responsibility for sustainable development[35]. - The company has extended the construction period for several projects due to delays caused by the COVID-19 pandemic, with new completion dates set for June 30, 2021, and December 31, 2021[115]. - The company has utilized CNY 29,600 million in idle fundraising for financial management, with a redemption of CNY 33,000 million, leaving a balance of CNY 4,800 million as of December 31, 2020[115]. - The company reported a total deposit of 4,000 million with an interest rate of 3.50% for a one-time structure in April 2020[194]. - The company raised 2,200 million with a 3.18% interest rate in May 2020, indicating strong liquidity management[195]. Risk Management - The company has identified several risks, including fluctuations in raw material prices and market demand, which may impact future performance[5]. - The company faces risks from fluctuations in raw material prices, particularly nylon and polypropylene, and plans to mitigate these through strategic procurement and long-term supply agreements[134]. - The company acknowledges the risk of demand fluctuations in downstream markets, particularly in high-speed rail and automotive sectors, which may impact product demand[135]. - The company is addressing the risk of intensified industry competition by continuously innovating and developing high-performance, customized products[137]. Shareholder Returns - The company plans to distribute a cash dividend of ¥3 per 10 shares to all shareholders, based on a total of 63,765,000 shares[5]. - The total cash dividend for 2020, including other methods, is projected to be 45,963,851 RMB, which represents 75.14% of the net profit attributable to ordinary shareholders[150]. - The cash dividend for 2019 was 12,530,000 RMB, which accounted for 42.80% of the net profit attributable to ordinary shareholders[149]. - The company has maintained a consistent cash dividend policy over the past three years, with increasing amounts each year[150].

Financial Performance - The company's revenue for Q1 2021 was CNY 375,547,910.46, representing a 150.83% increase compared to CNY 149,719,615.38 in the same period last year[8]. - Net profit attributable to shareholders was CNY 15,086,017.37, a 196.34% increase from CNY 5,090,721.21 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 13,189,549.26, up 225.79% from CNY 4,048,445.26 in the previous year[8]. - The basic earnings per share increased to CNY 0.2366, a rise of 197.61% compared to CNY 0.0795 in the same quarter last year[8]. - Operating profit, total profit, and net profit grew by 180.06%, 183.16%, and 198.81% respectively, mainly due to increased sales revenue and reduced expense ratios[20]. - The company's operating revenue reached 376 million yuan, a year-on-year increase of 150.83%[22]. - The net profit for Q1 2021 reached CNY 15.60 million, up from CNY 5.19 million in Q1 2020, indicating a year-over-year growth of approximately 200%[59]. - The total comprehensive income for Q1 2021 was CNY 15.60 million, compared to CNY 5.19 million in the same quarter of the previous year[60]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,431,288,744.93, reflecting a 5.22% increase from CNY 1,360,228,169.16 at the end of the previous year[8]. - The net assets attributable to shareholders were CNY 738,807,492.23, which is a 2.38% increase from CNY 721,654,264.86 at the end of the last year[8]. - Total liabilities increased to CNY 587,797,387.09 from CNY 544,321,398.30 year-on-year[51]. - Owner's equity totaled CNY 755,132,068.12, up from CNY 737,465,499.19 in the previous year[51]. - As of March 31, 2021, the company had a total current asset of CNY 998,321,550.44, an increase from CNY 939,389,550.26 as of December 31, 2020, reflecting a growth of approximately 6.5%[45]. Cash Flow - The net cash flow from operating activities was negative CNY 89,307,692.45, a decline of 786.53% compared to a positive CNY 13,008,568.62 in the same period last year[8]. - Cash inflow from operating activities was CNY 253.57 million, significantly higher than CNY 143.75 million in Q1 2020, showing improved cash generation capabilities[62]. - Total cash inflow from operating activities was 239,570,200.87 CNY, while cash outflow was 316,095,418.17 CNY, resulting in a cash flow deficit[66]. - The ending balance of cash and cash equivalents decreased to 39,915,675.49 CNY from 152,847,607.05 CNY in the previous period[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,713[12]. - The top shareholder, Liu Yue, holds 14.45% of the shares, amounting to 9,249,010 shares[12]. Research and Development - Research and development expenses increased by 70.62% year-on-year, driven by higher spending on new product development[20]. - Research and development expenses for Q1 2021 were CNY 11,374,784.26, compared to CNY 6,666,583.29 in the same period last year[54]. - The company aims to enhance its R&D capabilities to develop new products and explore new markets in response to market demand fluctuations[26]. Government Support and Subsidies - The company received government subsidies amounting to CNY 1,772,916.22 during the reporting period[9]. Investment Projects - The total amount of raised funds is CNY 25,263.4 million, with CNY 2,473.68 million invested in the current quarter[35]. - The cumulative amount of raised funds utilized is CNY 20,394.69 million, representing 80.8% of the total raised[35]. - The project for high-performance nylon composite material production line has achieved an investment progress of 90.21%[35]. - The project for lightweight polypropylene functional materials production line has achieved an investment progress of 86.43%[35]. - The smart production upgrade project has achieved an investment progress of 79.38%[35]. - The technology research and development center construction project has achieved an investment progress of 28.46%[35]. Risk Management - The company plans to mitigate procurement risks by combining various purchasing strategies and closely monitoring international oil price fluctuations[24]. - The company faces foreign exchange risks due to fluctuations in the RMB exchange rate, impacting import and export costs[32]. - The company is closely monitoring the development of the COVID-19 pandemic and will actively respond to mitigate its adverse effects on production and operations[31].

Financial Performance - Operating revenue for the period reached ¥283,890,779.29, representing a year-on-year increase of 30.06%[8] - Net profit attributable to shareholders was ¥4,237,229.53, up 11.48% from the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,774,901.10, a significant increase of 53.99%[8] - Basic earnings per share stood at ¥0.0662, reflecting an increase of 11.45% year-on-year[8] - Operating profit surged by 212.91% to ¥57,659,331.05 from ¥18,426,524.40, attributed to improved gross margin and product structure optimization[18] - Net profit increased by 197.41% to ¥50,561,424.33 compared to ¥17,000,583.13 in the same period last year[19] - The total profit for the third quarter was ¥57,651,311.57, significantly higher than ¥18,402,066.25 in the previous year, marking an increase of 212.56%[45] - The net profit for the quarter reached CNY 4,531,301.53, up from CNY 3,550,867.79 year-over-year, indicating a growth of approximately 27.5%[38] Assets and Liabilities - Total assets increased to ¥1,167,682,346.58, a growth of 13.12% compared to the end of the previous year[8] - Total liabilities increased significantly, with accounts payable rising by 31.35% to ¥143,496,572.10 from ¥109,247,896.92[18] - Current liabilities increased to ¥436,538,317.66 from ¥318,405,477.02, representing a rise of about 37.1%[30] - The company's total liability reached ¥455,077,137.40, compared to ¥333,830,601.55, indicating a growth of approximately 36.3%[30] - Non-current assets totaled ¥379,283,067.45, up from ¥288,163,941.77 year-on-year, reflecting a growth of approximately 31.7%[31] - Total assets amounted to ¥1,032,252,837.40, with current assets at ¥744,088,895.63 and non-current assets at ¥288,163,941.77[59] Cash Flow - The net cash flow from operating activities was negative at -¥44,085,774.92, a decrease of 52.91% compared to the previous year[8] - Cash flow from operating activities reached ¥52,654,747.92, a 266.39% increase from ¥14,371,156.28[19] - The net cash flow from operating activities for Q3 2020 was CNY 52,654,747.92, a significant increase from CNY 14,371,156.28 in Q3 2019, representing a growth of approximately 267%[52] - Total cash inflow from operating activities reached CNY 645,754,456.48, compared to CNY 505,178,618.45 in the same period last year, indicating a year-over-year increase of about 28%[52] - Cash outflow from operating activities was CNY 593,099,708.56, up from CNY 490,807,462.17 in Q3 2019, reflecting a rise of approximately 21%[52] Shareholder Information - The company reported a total of 10,011 common shareholders at the end of the reporting period[12] - The top shareholder, Liu Yue, holds 14.45% of the shares, totaling 9,249,010 shares[12] Expenses and Income - The company received government subsidies amounting to ¥2,947,680.68 during the reporting period[9] - Sales expenses increased by 35.61% to ¥39,851,823.89 from ¥29,387,284.72, driven by higher freight, salaries, and miscellaneous expenses[18] - The company reported a 290.73% increase in tax expenses, amounting to ¥3,576,939.06 compared to ¥915,455.71 in the previous year[18] - Investment income decreased by 45.02% to ¥1,470,503.53 from ¥2,674,716.09, primarily due to reduced returns from financial management of raised funds[18] Research and Development - Research and development expenses totaled CNY 9,935,655.66, compared to CNY 8,437,508.73 in the previous year, showing an increase of about 17.8%[41] - Research and development expenses for the third quarter were ¥25,643,951.49, slightly up from ¥24,464,997.64 in the previous year, indicating a focus on innovation[47] Financial Ratios - The weighted average return on equity was 0.61%, an increase of 0.05% from the previous year[8] - The total liabilities to equity ratio stands at approximately 0.48, suggesting a balanced capital structure[61] Other Information - The company has not undergone an audit for the Q3 report[65] - The report indicates that the new revenue and leasing standards were not applicable for the company starting from 2020[65] - The company has not disclosed any new product or technology developments in this report[65]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 468,969,846.52, representing a 3.28% increase compared to CNY 454,063,779.93 in the same period last year[20]. - The net profit attributable to shareholders of the listed company reached CNY 46,392,850.26, a significant increase of 243.48% from CNY 13,506,668.11 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 43,883,396.15, up 527.77% from CNY 6,990,409.05 in the same period last year[20]. - The net cash flow from operating activities was CNY 96,740,522.84, an increase of 123.92% compared to CNY 43,203,195.39 in the previous year[20]. - Basic earnings per share rose to CNY 0.7249, a 245.19% increase from CNY 0.2100 in the same period last year[20]. - Total assets at the end of the reporting period were CNY 1,070,059,331.42, reflecting a 3.66% increase from CNY 1,032,252,837.40 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company were CNY 700,717,862.97, a slight increase of 1.01% from CNY 693,689,363.71 at the end of the previous year[20]. - The weighted average return on net assets was 6.52%, up 4.54% from 1.98% in the previous year[20]. Business Development - The company has expanded its business scope to include the production and sales of first-class medical devices[19]. - The company focuses on the research, production, and sales of modified engineering plastics, with key products including high-performance modified nylon and polypropylene materials[26]. - The company has developed 33 new product certifications in the automotive parts sector, expanding its application range despite a slight sales decline in a challenging market[26]. - The company is actively expanding into the 5G market, collaborating with well-known companies and making significant progress in core component material applications[27]. - The company’s plastic-wood environmental materials, primarily exported, utilize over 90% recycled materials, aligning with national policies on resource recycling[28]. - The company aims to leverage its technological and service advantages to establish long-term partnerships with major clients in various industries[30]. Research and Development - The company obtained 16 new patents during the reporting period, including 2 invention patents and 14 utility model patents, bringing the total to 58 authorized patents[35]. - The company’s ongoing research and development efforts are aimed at producing high-performance modified nylon products for key applications in the automotive and high-speed rail sectors[36]. - The company is focusing on expanding its market share in the electronic and electrical materials sector, with sales showing a year-on-year increase[45]. - The company has launched a new product for mask materials during the pandemic, contributing significantly to its performance[44]. Financial Management - The company has implemented a stock incentive plan to attract and retain talent, enhancing the management team's commitment to sustainable growth[31]. - The total amount of raised funds is RMB 252.63 million, with RMB 42.84 million invested during the reporting period[64]. - The balance of raised funds in special accounts is RMB 17.57 million, including RMB 8 million in financial management[65]. - The company has approved the use of up to CNY 100 million of idle fundraising funds for cash management, ensuring no impact on fundraising project construction[70]. - The company has not reported any changes in fundraising projects during the reporting period[69]. Market Conditions - The modified plastics industry in China has seen significant growth, with production increasing from 705,000 tons in 2010 to approximately 1,955,000 tons in 2019[32]. - The competitive landscape in the modified plastics industry is intensifying, with both domestic and multinational companies increasing their presence[84]. - The ongoing uncertainty from the COVID-19 pandemic may negatively impact demand in related downstream sectors, affecting production and operations[85]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares during the reporting period[91]. - The company held its annual general meeting with a participation rate of 53.77% on May 12, 2020[90]. - The company guarantees that any stock reduction will adhere to legal and regulatory requirements, ensuring transparency in the process[103]. Operational Challenges - The construction materials business for railways saw a significant decline in sales due to delays caused by the pandemic[45]. - The company has extended the construction period for certain projects to December 31, 2020, due to various factors including industry downturns and the impact of COVID-19[67]. - The company has focused on current business development, leading to a slowdown in the construction progress of some investment projects[67]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[179]. - The company expects a revenue growth of 25% for the second half of 2020, driven by new product launches and market expansion[97]. - Future guidance indicates a focus on sustainable growth, with an emphasis on digital transformation initiatives[99].