Financial Performance - The company's revenue for Q1 2021 was ¥402,569,609.05, representing a 135.06% increase compared to ¥171,260,006.82 in the same period last year[9]. - Net profit attributable to shareholders was ¥23,030,250.85, a significant increase of 441.19% from ¥4,255,518.68 year-on-year[9]. - The net profit after deducting non-recurring gains and losses reached ¥20,923,225.79, marking a 2,766.53% increase from ¥729,914.96 in the previous year[9]. - Basic earnings per share rose to ¥0.1221, up 331.45% from ¥0.0283 in the same quarter last year[9]. - The company achieved operating revenue of CNY 402.57 million, a 135.06% increase compared to the same period last year[27]. - Operating costs rose to CNY 327.46 million, reflecting a 159.43% increase year-on-year[27]. - The net profit attributable to shareholders reached CNY 23.03 million, up 441.19% from the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 20.92 million, a staggering increase of 2,766.53% year-on-year[27]. - The total revenue for the current period is ¥89,805,192.62, an increase of 53.1% compared to ¥58,683,915.99 in the previous period[115]. - The net profit attributable to shareholders of the parent company is ¥23,030,250.85, up 441.5% from ¥4,255,518.68 in the previous period[114]. - Basic earnings per share for the current period is ¥0.1221, compared to ¥0.0283 in the previous period, reflecting a significant increase[114]. Assets and Liabilities - The company's total assets increased by 16.38% to ¥2,424,827,537.05 from ¥2,083,465,850.60 at the end of the previous year[9]. - As of March 31, 2021, the total assets of Suzhou Crystal Chemical Co., Ltd. amounted to CNY 2,424,827,537.05, an increase from CNY 2,083,465,850.60 as of December 31, 2020, representing a growth of approximately 16.4%[87]. - The company's total liabilities reached CNY 1,008,796,199.80, up from CNY 697,301,219.26, which is an increase of about 44.7%[91]. - The short-term borrowings increased to CNY 367,075,061.44 from CNY 158,893,937.48, indicating a rise of approximately 131.5%[91]. - The company's equity decreased slightly to CNY 1,416,031,337.25 from CNY 1,386,164,631.34, reflecting a decrease of about 2.1%[91]. Cash Flow - The net cash flow from operating activities was ¥21,969,488.68, a decrease of 10.68% from ¥24,597,360.05 in the same period last year[9]. - The company's cash flow from operating activities increased by 33.09% to CNY 255.58 million, driven by business scale expansion[26]. - The total cash inflow from operating activities is ¥255,578,137.94, compared to ¥192,027,686.66 in the previous period, showing a growth of 33.1%[121]. - The total cash outflow from operating activities is ¥233,608,649.26, an increase from ¥167,430,326.61 in the previous period, reflecting a rise of 39.5%[121]. - Operating cash flow generated a net outflow of -13,156,545.75 yuan, compared to a net inflow of 6,402,280.92 yuan in the previous period[127]. - Total cash and cash equivalents increased by 43,422,245.73 yuan, compared to a decrease of -56,067,317.19 yuan in the previous period[130]. - Cash and cash equivalents at the end of the period totaled 165,636,464.85 yuan, compared to 71,725,604.08 yuan at the end of the previous period[130]. Investments and Projects - The company announced the acquisition of 100% equity in Jingzhirui (Suzhou) Microelectronics Technology Co., Ltd. on March 2, 2021[68]. - The company decided to terminate the Zaiyuan Peierson NVP project due to significant changes in project feasibility, reallocating the unused raised funds of 20.01 million RMB to the high-purity sulfuric acid project for semiconductor production[73]. - The investment progress for the new annual production of 87,000 tons of optoelectronic display and semiconductor materials project is at 51.27%, with a total investment of 134.51 million RMB[74]. - The company reported a cumulative investment of 408.17 million RMB in various projects, with a total input of 12.99 million RMB during the reporting period[72]. Risks and Challenges - The company faces risks from market demand fluctuations and competition, particularly in the semiconductor and renewable energy sectors, which could lead to revenue and profit volatility[31]. - The company is exposed to safety and environmental risks due to the nature of its chemical products, which could impact operations if accidents occur[35]. - The company is at risk of bad debts from overdue accounts receivable, particularly from clients in the photovoltaic and lithium battery sectors[38]. - Supplier concentration poses a risk; if key suppliers fail to meet quality or delivery requirements, it could negatively impact business performance[48]. - The company is recognized as a high-tech enterprise, benefiting from a 15% corporate income tax rate until 2020; changes in tax policies could lead to increased tax liabilities and reduced net profit[50]. Research and Development - The company is actively engaging in research and development of new products, particularly in the field of photoresists, which is expected to impact future performance positively[90]. - Research and development expenses for the current period amount to ¥4,497,948.07, compared to ¥3,706,330.90 in the previous period, indicating a 21.3% increase[115]. - The company is also focusing on expanding its market presence and enhancing production capacity to meet increasing demand in the semiconductor industry[90].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2020, representing a year-on-year growth of 15%[3] - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[3] - The company's operating revenue for 2020 was ¥1,022,332,455.74, representing a 35.28% increase compared to ¥755,724,044.86 in 2019[28] - The net profit attributable to shareholders for 2020 was ¥76,950,097.76, a significant increase of 145.72% from ¥31,315,869.85 in 2019[28] - The net profit after deducting non-recurring gains and losses was ¥44,128,322.72, up 95.98% from ¥22,516,187.55 in 2019[28] - The total assets at the end of 2020 reached ¥2,083,465,850.60, a 60.12% increase from ¥1,301,172,770.42 at the end of 2019[28] - The net assets attributable to shareholders increased by 132.23% to ¥1,314,263,604.16 from ¥565,919,949.84 in 2019[28] - The basic earnings per share for 2020 was ¥0.4380, reflecting a 110.68% increase compared to ¥0.2079 in 2019[28] - The company reported a net cash flow from operating activities of ¥63,782,672.24, a decrease of 37.69% from ¥102,367,332.58 in 2019[28] Market Expansion and Product Development - User data indicates a 25% increase in the number of active customers, reaching 500,000 by the end of 2020[3] - The company has invested 150 million RMB in R&D for new product development, focusing on advanced electronic chemicals[3] - Future outlook includes a projected revenue growth of 20% for 2021, driven by market expansion and new product launches[3] - The company is exploring strategic acquisitions to enhance its market position and product offerings in the electronic chemicals sector[3] - A new lithium battery material product line is expected to launch in Q3 2021, anticipated to contribute an additional 100 million RMB in revenue[3] - The company has expanded its market presence in Southeast Asia, achieving a 30% increase in sales in that region[3] Research and Development - The company is actively developing ArF (193nm) photoresists to meet the current market demand for key materials in the integrated circuit industry, following the purchase of ASML1900 Gi lithography equipment[68] - The company has established a leading R&D team in photoresist, with nearly 30 years of production experience, and has developed a complete series of photoresist products[76] - The company’s new generation of ultra-pure reagents and photoresists has undergone technical upgrades, significantly improving product quality and supporting the gradual realization of import substitution in semiconductor materials[69] - The company is focused on the commercialization of lithium-ion battery anode materials, primarily using modified graphite[111] - The company has a strong partnership with Samsung SDI, ensuring long-term stable cooperation in high-quality NMP products[111] - The company plans to continue increasing R&D investment and explore new collaboration models with universities and research institutions[146] Acquisitions and Investments - The company is engaged in a transaction to acquire 100% equity of a subsidiary, which involves issuing shares and raising funds from specific investors[18] - The company completed the transfer of equity related to the acquisition of Zaiyuan Peierson on February 24, 2020, and obtained the business license[103] - The company issued new shares for the acquisition of Zaiyuan Peierson on March 12, 2020, and listed the new shares for fundraising on June 4, 2020[103] - The company acquired 100% of the equity of Zaiyuan Peierson New Energy Technology Co., Ltd. for an investment of CNY 410 million, with a reported investment gain of CNY 37.44 million[171] Sales and Revenue Breakdown - Semiconductor industry revenue was ¥407,723,667.80, accounting for 39.88% of total revenue, with a year-on-year growth of 16.59%[126] - New energy industry revenue amounted to ¥344,365,314.88, representing 33.68% of total revenue, with a year-on-year increase of 34.88%[126] - The company generated ¥998,970,183.37 from domestic sales, which constituted 97.71% of total revenue, reflecting a 36.65% increase year-on-year[126] - Sales of semiconductor-grade photoresists and related materials reached 179.12 million yuan, growing by 16.98% year-on-year, marking the best sales performance in history[90] Financial Management and Compliance - The company has established special accounts for the management of raised funds in multiple banks to ensure strict approval procedures for fund usage[183] - The company revised its fund management measures in August 2020 to enhance the protection of small and medium investors' rights[183] - The company has signed tripartite supervision cooperation agreements with various banks to ensure the proper use of raised funds[183] - The company holds various environmental and safety certifications, including the Hazardous Chemicals Business License valid until April 19, 2023, and the Pollution Discharge Permit valid until June 30, 2023[118] - The company has a robust quality management system, holding ISO 9001:2015 certification, which is crucial for maintaining product quality and customer satisfaction[120] Challenges and Risks - The company reported a loss of 194.75 million RMB for the current period and a cumulative loss of 659.19 million RMB[187] - The company’s subsidiary, Meishan Jingrui, reported a net loss of 1,947,533.30 CNY, highlighting challenges in the electronic materials sales sector[199] - The company has not sold any significant assets during the reporting period, maintaining its asset base[198] - The company has not made any significant equity sales during the reporting period, indicating stability in its ownership structure[198]

Financial Performance - Operating revenue for the reporting period was ¥285,355,850.57, representing a 46.39% increase compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was ¥38,271,176.35, a significant increase of 501.48% year-on-year[9]. - Basic earnings per share for the reporting period was ¥0.2198, up 418.40% compared to the same period last year[9]. - The company reported a total profit of ¥49,962,378.78 for the current period, compared to ¥8,778,644.18 in the previous period, indicating robust overall performance[92]. - The net profit for the current period was ¥42,581,467.23, compared to ¥7,902,357.61 in the previous period, showing a substantial growth in profitability[92]. - The company achieved a total comprehensive income of ¥65,970,395.75 for the current period, compared to ¥25,345,437.14 in the previous period[110]. - The net profit for the current period is ¥10,751,941.87, a significant recovery from a net loss of ¥14,438,890.90 in the previous period, marking a turnaround of approximately 174.5%[115]. - Operating profit reached ¥11,742,351.95, compared to an operating loss of ¥17,959,617.42 in the same period last year, indicating a substantial improvement[115]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,106,144,757.58, an increase of 61.87% compared to the end of the previous year[9]. - The company's total liabilities increased, with short-term borrowings rising by 32.09% to ¥176,268,351.47[24]. - Total liabilities were CNY 737,415,132.05, up from CNY 676,631,562.15, representing an increase of 9.3%[74]. - The company's total liabilities decreased to ¥426,993,766.77 from ¥468,234,252.73, indicating improved financial stability[84]. - The total current liabilities amounted to CNY 479,838,526.47, compared to CNY 348,014,180.67, indicating a growth of 37.9%[74]. - The total cash and cash equivalents at the end of the period was 157,664,726.95, compared to 226,618,574.45 at the end of the previous period[134]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥1,297,406,938.78, reflecting a growth of 129.26% year-on-year[9]. - The top ten shareholders held a combined 56.81% of the company's shares, with New Silver International Limited holding the largest share at 18.62%[13]. - The company announced a cash dividend of RMB 0.996667 per 10 shares, based on a total share capital of 188,735,250 shares as of October 16, 2020[40]. - The company reported a cash dividend of 1 yuan per 10 shares based on a total share capital of 188,106,247 shares as of June 30, 2020, which was approved by the shareholders on September 8, 2020[60]. Cash Flow - The net cash flow from operating activities was ¥14,283,708.96, a decrease of 11.44% compared to the previous year[9]. - Cash flow from operating activities decreased by 92.36% to ¥5,739,781.31, mainly due to reduced sales collections[28]. - Cash inflow from investment activities rose by 600.97% to ¥487,856,292.16, primarily from the redemption of bank financial products[28]. - Cash outflow from investment activities increased by 478.76% to ¥843,212,149.71, due to increased external investments and financial management[28]. - Cash inflow from financing activities reached 553,999,997.22, an increase from 259,350,729.07 in the last period[134]. Investments and Acquisitions - The company reported non-recurring gains and losses totaling ¥30,903,074.23 for the reporting period[12]. - Long-term equity investments increased by 179.09% to ¥55,387,102.70, reflecting increased external investments[24]. - Goodwill rose by 367.59% to ¥110,278,073.17, resulting from the acquisition of Yuanpaierson[24]. - The company established Anhui Jingrui and invested in a project with an annual production capacity of 54,000 tons of microelectronic materials and recycling[56]. - The company is expanding its market presence through the establishment of Hubei Jingrui for microelectronic materials projects[56]. Operational Expenses - Sales expenses increased by 40.61% to ¥62,434,549.51 due to the consolidation of the subsidiary, Liyuan Pearson[28]. - Total operating costs amounted to ¥265,707,295.92, up from ¥188,158,793.64 in the previous period, reflecting a rise in operational expenses[89]. - Research and development expenses for the current period were ¥8,856,435.37, slightly up from ¥8,016,957.43 in the previous period, highlighting continued investment in innovation[89]. Regulatory and Compliance - The company has no violations regarding external guarantees during the reporting period[62]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[63]. - The company has implemented a profit distribution plan that aligns with legal and regulatory requirements, ensuring the protection of minority shareholders' rights[61]. - The implementation of new revenue recognition standards resulted in adjustments to contract liabilities, impacting financial reporting[154]. - The company has not undergone an audit for the third quarter report, which may affect the reliability of the financial data presented[155].

Financial Performance - The company reported a total revenue of 188.1 million RMB for the first half of 2020, representing a year-on-year increase of 15%[2] - The net profit attributable to shareholders was 30.5 million RMB, up 20% compared to the same period last year[2] - The company's operating revenue for the reporting period was RMB 428,605,188.26, representing a 14.37% increase compared to the same period last year, which was RMB 374,758,154.46[28] - The net profit attributable to shareholders of the listed company was RMB 20,302,523.63, a 40.61% increase from RMB 14,438,658.09 in the previous year[28] - The net profit after deducting non-recurring gains and losses was RMB 14,848,697.13, up 58.19% from RMB 9,386,397.51 in the same period last year[28] - The company reported a basic earnings per share of RMB 0.1198, which is a 25.71% increase from RMB 0.0953 in the previous year[28] - The company achieved total revenue of 428.61 million yuan in the first half of 2020, representing a year-on-year increase of 14.37%[80] - The net profit attributable to shareholders was 20.30 million yuan, up 40.61% compared to the same period last year[80] Market Expansion and Strategic Initiatives - The company has expanded its user base by 25%, reaching a total of 1.2 million active users in the first half of 2020[2] - Future outlook indicates a projected revenue growth of 10-15% for the second half of 2020, driven by increased demand in the semiconductor and lithium battery sectors[2] - Market expansion efforts include entering three new international markets, with a target to increase overseas sales by 30% in 2021[2] - The company plans to acquire a local competitor to enhance its market share, with an estimated acquisition cost of 100 million RMB[2] - A new strategic partnership has been established with a leading semiconductor manufacturer to co-develop advanced materials[2] - The company has established long-term partnerships with leading clients in various industries, including semiconductor manufacturers like Huahong Grace and Changjiang Storage[63] - The company is focused on expanding its market presence through strategic investments and new product developments in the microelectronics sector[114] Research and Development - The company is investing 50 million RMB in R&D for new electronic chemical products, aiming to launch two new products by the end of 2020[2] - The company holds a total of 64 patents, including 39 invention patents, reflecting its strong R&D capabilities[82] - The company has increased its investment in R&D and talent to enhance its technological capabilities, leading to the development of high-purity products such as hydrogen peroxide, sulfuric acid, and high-end photoresists, which improve market competitiveness and profitability[55] - The company has completed a national major science and technology project focused on the development and industrialization of i-line photoresist products[43] - The company is enhancing accounts receivable management and adjusting customer payment terms dynamically to minimize bad debt risks[174] Production and Capacity - The company is engaged in the development of microelectronic materials, focusing on semiconductor materials and new energy materials, with key products including ultra-pure reagents and lithium battery materials[36] - The company has a production capacity of 300,000 tons of high-quality industrial sulfuric acid, suitable for further processing into semiconductor-grade ultra-pure sulfuric acid[46] - The company is investing in a project to expand electronic-grade sulfuric acid production with an annual capacity of 90,000 tons, aimed at reducing reliance on imports[87] - A new materials project in Meishan with an annual capacity of 87,000 tons is under construction to support the semiconductor and display industries in the southwest region[87] - The company’s products are utilized across various manufacturing processes in semiconductor, display, LED, photovoltaic, and lithium battery industries, showcasing its diverse product line[73] Financial Management and Investments - The cash dividend proposed is 1 RMB per 10 shares, with a total distribution amounting to 18.8 million RMB[2] - The company’s cash and cash equivalents have increased by 110.19%, primarily due to funds raised from issuing shares and cash payments for asset acquisitions[67] - The company reported a total fundraising amount of CNY 607.7 million, with CNY 30.5 million cumulatively invested as of the reporting period[120] - The company raised RMB 299.99 million through a private placement of shares at RMB 27.83 per share, with net proceeds of RMB 288.99 million after fees[132] - The company has utilized CNY 7,900 million of the raised funds for working capital and repaying bank loans, achieving an investment progress of 52.67%[136] Risks and Challenges - The company faces risks from market demand fluctuations and competition, particularly in the semiconductor and lithium battery materials sectors[165] - The company is subject to stricter environmental regulations, which may increase operational costs and impact production[168] - The company faces significant adverse impacts on production and operations due to potential shutdowns or relocations mandated by safety and environmental regulations[169] - There is a risk of bad debts from overdue accounts receivable, particularly from clients in the photovoltaic industry, due to market fluctuations and competition[171] - The company is monitoring exchange rate fluctuations closely due to its overseas business exposure, which could affect financial performance[183] Shareholder and Governance Matters - The profit distribution plan for the first half of 2020 includes a cash dividend of 1 yuan per 10 shares, totaling 18,810,624.70 yuan, which represents 100% of the distributable profit[188] - The company has established a stock price stabilization plan to protect investor interests, which will be activated if the stock price falls below the net asset value for 20 consecutive trading days within three years post-IPO[197] - The controlling shareholder is allowed to increase their holdings by up to 2% of the total share capital within a 12-month period, adhering to relevant regulations[200] - The company can repurchase shares using up to 20% of the previous year's audited net profit for a single repurchase, with a total limit of 50% for the entire year[200]

Financial Performance - Total revenue for Q1 2020 was ¥171,260,006.82, a decrease of 11.13% compared to the same period last year[9]. - Net profit attributable to shareholders was ¥4,255,518.68, down 26.47% year-over-year[9]. - Net profit excluding non-recurring items was ¥729,914.96, a decline of 75.75% compared to the previous year[9]. - Basic earnings per share were ¥0.0283, down 27.06% year-over-year[9]. - The company achieved operating revenue of 171.26 million yuan, a decrease of 11.13% compared to the same period last year[30]. - Net profit attributable to shareholders was 4.26 million yuan, a decline of 26.47% year-on-year[30]. - The net profit for the current period was -4,025,445.93, an improvement from -7,437,464.77 in the previous period, indicating a reduction in losses by approximately 45.5%[124]. - The total comprehensive income for the current period was -4,025,445.93, compared to -7,437,464.77 in the previous period, reflecting a significant decrease in losses[127]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,816,736,896.71, an increase of 39.62% compared to the end of the previous year[9]. - Total liabilities increased, with short-term borrowings rising by 47.18% to CNY 196,399,079.07 due to new borrowings[24]. - The company's total assets increased significantly, with long-term equity investments rising by 177.21% to CNY 55,015,309.33 due to new external investments[24]. - Total liabilities amounted to ¥788,189,187.94, an increase of 16.5% from ¥676,631,562.15[99]. - The equity attributable to shareholders of the parent company rose to ¥958,790,955.01, a substantial increase of 69.3% from ¥565,919,949.84[102]. Cash Flow - Net cash flow from operating activities was ¥24,597,360.05, a decrease of 24.58% from the same period last year[9]. - The net cash flow from operating activities was 24,597,360.05, down from 32,612,486.75 in the previous period, indicating a decline of about 24.6%[131]. - Cash inflow from investment activities was 170,639,561.64, significantly higher than 5,008,561.64 in the previous period, marking an increase of over 3,300%[131]. - The net cash flow from investment activities was -237,188,837.53, worsening from -21,974,469.78 in the previous period, reflecting a decline in cash position due to investments[131]. - The net increase in cash and cash equivalents was 30,654,440.86, up from 10,601,891.56 in the previous period, indicating improved liquidity[134]. Investments and Acquisitions - The company expanded its consolidation scope by acquiring 100% of Zaiyuan Peierson New Energy Technology Co., Ltd. during the reporting period[30]. - The company's goodwill surged by 362.15% to CNY 108,994,678.56, primarily due to the acquisition of Zaiyuan Peisen[24]. - The company has established Anhui Jingrui and invested in a project with an annual output of 54,000 tons of microelectronic materials[74]. - The company signed a framework agreement for the merger of Jiangsu Yangheng and Jiangsu Zhenyu[74]. - The acquisition of 100% equity of Zaiyuan Palson was completed on February 24, 2020, making it a wholly-owned subsidiary of the company[64]. Risks and Challenges - The company faces risks from market demand fluctuations and competition, particularly in the microelectronics chemicals sector[35]. - The company acknowledges the risk of talent loss due to intense industry competition and aims to optimize its human resources management system to attract and retain top talent[46]. - The company is exposed to foreign exchange risks due to its overseas business, and it will closely monitor currency fluctuations to mitigate potential impacts on financial performance[52]. - The COVID-19 pandemic has caused revenue declines due to delayed resumption of work and reduced downstream demand, creating uncertainty for future performance[57]. Strategic Initiatives - The company plans to enhance its core competitiveness through technology and product innovation, focusing on ultra-pure reagents and photoresists[36]. - The company is implementing strict cost management to mitigate risks from raw material price fluctuations and potential bad debts from accounts receivable[42][43]. - To mitigate risks related to research and development, the company plans to strengthen management, enhance project planning, and implement a project manager responsibility system[45]. - The company emphasizes the importance of maintaining advanced technology and preventing core technology leakage, as failure to adapt to industry trends could lead to a decline in revenue and profits[44].

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year growth of 15%[1] - The company's operating revenue for 2019 was approximately ¥755.72 million, a decrease of 6.80% compared to ¥810.86 million in 2018[27] - The net profit attributable to shareholders for 2019 was approximately ¥31.32 million, down 37.64% from ¥50.22 million in 2018[27] - The net profit after deducting non-recurring gains and losses was approximately ¥22.52 million, a decrease of 43.92% compared to ¥40.15 million in 2018[27] - The basic earnings per share for 2019 were ¥0.2079, a decrease of 38.18% from ¥0.3363 in 2018[27] - The diluted earnings per share for 2019 were ¥0.2066, down 38.57% from ¥0.3363 in 2018[27] - The weighted average return on equity for 2019 was 5.76%, down from 10.50% in 2018[27] - The company reported a total non-recurring profit of ¥8,799,682.30 in 2019, a decrease of 12.6% from ¥10,068,254.10 in 2018[33] - Government subsidies accounted for ¥12,093,454.90 in 2019, down from ¥14,737,365.02 in 2018, representing a decline of 17.9%[33] Market and Growth Strategy - User data showed an increase in the customer base by 20%, reaching 500,000 active users by the end of 2019[1] - Future outlook includes a projected revenue growth of 10% for 2020, driven by increased demand in the semiconductor and lithium battery sectors[1] - The company is expanding its market presence in Southeast Asia, targeting a 15% market share in the region by 2022[1] - A strategic acquisition of a local competitor is under consideration, which could enhance the company's product offerings and market reach[1] - The company plans to invest 200 million RMB in R&D for new product development in the upcoming year, focusing on advanced electronic chemicals[1] - The company is focusing on providing multi-product solutions to enhance market competitiveness and customer satisfaction[60] - The company anticipates a favorable market outlook for microelectronics chemicals, supported by national policies promoting new energy and materials[68] Product Development and R&D - The company has launched a new line of eco-friendly electronic chemicals, expected to contribute 5% to total revenue in 2020[1] - The company plans to continue focusing on the development of advanced manufacturing equipment and processes in the semiconductor industry to enhance its market position[27] - The company holds 49 patents, including 38 invention patents, reflecting its commitment to R&D[86] - The company is developing functional materials to support photolithography products, leveraging its national CNAS laboratory and Jiangsu engineering technology center[87] - The company has achieved breakthroughs in the mid-to-high-end customer market, particularly in ultra-pure reagents, with electronic-grade hydrogen peroxide and ammonia reaching top-tier global quality standards[87] - The company is investing in a 90,000-ton electronic-grade sulfuric acid expansion project to reduce reliance on imports and meet the growing semiconductor market demand[90] - The company is constructing an 87,000-ton new materials project for optoelectronic displays and semiconductors in Meishan, which will enhance market share in the southwest region[90] Financial Health and Cash Flow - The net cash flow from operating activities increased significantly to approximately ¥102.37 million, up 162.96% from ¥38.93 million in 2018[27] - The total assets at the end of 2019 were approximately ¥1.30 billion, an increase of 9.47% from ¥1.19 billion at the end of 2018[27] - The net assets attributable to shareholders at the end of 2019 were approximately ¥565.92 million, up 11.15% from ¥509.13 million at the end of 2018[27] - The company has restricted cash of CNY 17,519,677.39 due to various guarantees, including CNY 14,662,000.00 for letters of credit and CNY 2,000,000.00 for customs guarantees[140] - The total value of fixed assets at the end of the reporting period was CNY 10,555,886.61, and intangible assets were valued at CNY 10,966,296.84, both secured by bank loans[142] - The company raised a total of CNY 30,322.07 million through public offerings, with CNY 19,037.64 million utilized by the end of the reporting period[151] Risks and Challenges - Risks associated with market fluctuations and regulatory changes were highlighted, with a focus on maintaining compliance and adaptability[1] - The company is shifting its customer focus towards the semiconductor industry, which has higher profit margins, while reducing reliance on the lower-margin solar cell sector[195] Subsidiary Performance - The subsidiary Suzhou Ruihong reported a net profit of CNY 38.62 million, contributing over 10% to the company's net profit[172] - The subsidiary Ruihong Lithium Battery achieved a net profit of CNY 7.82 million, with total assets of CNY 85.37 million[176] - The subsidiary Meishan Jingrui reported a net loss of CNY 1.52 million, with total assets of CNY 67.15 million[176] - The subsidiary Jiangsu Yangheng generated a net profit of CNY 1.94 million, with total assets of CNY 156.21 million[176] Strategic Partnerships and Collaborations - The company has established long-term partnerships with major clients in the semiconductor and lithium battery industries, including Huahong Grace and BYD[67] - The company has completed the acquisition of Zaiyuan Palson, which will enhance its product offerings in the lithium battery and semiconductor sectors, creating synergies in customer resources and R&D[94] - The company is focusing on expanding its overseas market presence and developing more high-quality customers in both domestic and international markets[187]

苏州晶瑞化学股份有限公司 2019 年第三季度报告全文 苏州晶瑞化学股份有限公司 2019 年第三季度报告 2019-122 1 2019 年 10 月 苏州晶瑞化学股份有限公司 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。 公司负责人吴天舒、主管会计工作负责人程欢瑜及会计机构负责人(会计主 管人员)雷秀娟声明：保证季度报告中财务报表的真实、准确、完整。 2 苏州晶瑞化学股份有限公司 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------------------|-------------------------|----------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2019, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders was RMB 300 million, up 20% compared to the same period last year[19] - Total revenue for the first half of 2019 was CNY 374,758,154.46, representing a 2.24% increase compared to CNY 366,554,786.09 in the same period last year[30] - Net profit attributable to shareholders decreased by 39.62% to CNY 14,438,658.09 from CNY 23,914,446.11 year-on-year[30] - Net profit after deducting non-recurring gains and losses fell by 49.49% to CNY 9,386,397.51 compared to CNY 18,582,173.80 in the previous year[30] - The net profit for the same period was RMB 17.44 million, representing a decrease of 28.55% compared to the previous year[70] - The company’s investment income increased by 346.22% to RMB 539,513.79, attributed to higher returns from joint ventures[82] - The company's domestic revenue reached CNY 367,005,724.76, representing a 25.78% increase year-over-year[86] - The overseas revenue was CNY 7,752,429.70, showing a decline of 37.51% compared to the previous year[86] Revenue and Growth Targets - The company has set a revenue target of RMB 2.5 billion for the full year 2019, which would represent a growth of 10% from 2018[19] - User data indicates a 25% increase in the number of active customers, reaching 500,000 by the end of June 2019[19] - A new lithium battery material product line is expected to launch in Q4 2019, projected to contribute an additional RMB 100 million in revenue[19] - Revenue from lithium battery materials increased by 23.56% year-on-year, while the gross margin was 20.95%[82] Research and Development - The company plans to invest RMB 200 million in R&D for new product development in the next fiscal year[19] - The company focuses on R&D, production, and sales of microelectronic chemicals, with main products including ultra-pure reagents, photoresists, and functional materials[40] - The company achieved breakthroughs in purification technology for ultra-pure wet chemicals, with ultra-pure hydrogen peroxide and ultra-pure ammonia reaching G5 grade, addressing 70% of the semiconductor industry's ultra-pure reagent needs[48] - The company’s new generation of ultra-pure reagents and photoresists has significantly improved product quality, with hydrogen peroxide and ammonia achieving G5 grade, while other chemicals reached G3 and G4 grades[53] - The company holds a total of 45 patents, including 34 invention patents, reflecting significant progress in R&D capabilities[72] - The company will focus on the research and development of ultra-pure reagents and photoresists to enhance product quality and market competitiveness[131] Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, aiming for a 15% market share by the end of 2020[19] - The company is expanding its sales network and exploring new application areas with good market prospects and profitability[46] - The company is constructing an 87,000-ton new materials project for optoelectronics and semiconductors in Meishan, aimed at expanding its market share in the southwest region[74] Financial Management and Investments - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[7] - The company’s investment in construction projects increased by 134.10% compared to the beginning of the year, indicating ongoing expansion efforts[56] - The company’s accounts receivable decreased by 38.70% due to increased bill discounting and payments, reflecting improved cash flow management[56] - The company’s prepayments increased by 115.00%, primarily due to higher pre-paid expenses and material costs, indicating proactive procurement strategies[56] - The company has ongoing projects in the semiconductor materials sector, with cumulative investments reaching CNY 61,110,320.98[94] Risks and Challenges - The management highlighted potential risks including market volatility and regulatory changes, which could impact future performance[6] - The company is facing risks related to market demand fluctuations and competition, particularly in the microelectronics chemicals sector[127] - The company faces risks related to safety production and environmental protection, with potential impacts on operations due to accidents or regulatory compliance costs[132] - The company is at risk of bad debts due to overdue accounts receivable from clients in the photovoltaic industry, influenced by market conditions[137] - The company is exposed to project implementation risks that could affect expected economic benefits due to changes in market conditions or regulatory approvals[143] Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[186] - The company has implemented strict waste management practices, ensuring compliance with environmental standards and regulations[190] - The company has established a regular monitoring plan for pollutants, with real-time data uploaded to the local environmental protection bureau[192] - The company has received approval for its environmental impact assessments and is compliant with relevant environmental laws[191] - The company has plans for future fundraising through the issuance of convertible bonds, approved by the board and shareholders[196] Corporate Governance - The company held three shareholder meetings during the reporting period, with participation rates of 52.30%, 58.63%, and 55.71% respectively[149] - The company has implemented an employee stock incentive plan, with the first phase of restricted stock granted and listed in May 2018[161] - The company has not reported any major litigation or arbitration matters during the reporting period[156] - The company has not reported any major media controversies during the reporting period[157]

Financial Performance - Total revenue for Q1 2019 was ¥192,707,486.42, representing a 19.01% increase compared to ¥161,918,843.96 in the same period last year[9] - Net profit attributable to shareholders decreased by 37.67% to ¥5,787,693.98 from ¥9,285,114.23 year-on-year[9] - Net profit after deducting non-recurring gains and losses fell by 52.27% to ¥3,009,612.83 compared to ¥6,305,619.61 in the previous year[9] - Basic earnings per share decreased by 37.62% to ¥0.0388 from ¥0.0622 year-on-year[9] - The company achieved operating revenue of 192.71 million yuan, an increase of 19.01% compared to the same period last year[31] - Net profit attributable to shareholders of the listed company was 5.79 million yuan, a decline of 37.67% year-on-year[31] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 3.01 million yuan, down 52.27% from the previous year[31] - The company's operating profit for the current period is ¥7,345,781.74, down 28.5% from ¥10,244,553.30 in the previous period[119] - The total profit for the current period is ¥7,289,494.23, down 36.2% from ¥11,438,347.93 in the previous period[119] Cash Flow - Operating cash flow improved significantly, with a net cash flow from operating activities of ¥32,612,486.75, a 731.84% increase from -¥5,161,469.99 in the same period last year[9] - Cash inflow from operating activities totaled 216.85 million yuan, a 47.02% increase year-on-year[27] - Cash flow from operating activities for the current period is ¥211,646,262.15, an increase from ¥143,319,575.70 in the previous period[127] - Net cash flow from operating activities was CNY 32,612,486.75, a significant improvement from a negative CNY 5,161,469.99 in the prior period[130] - Cash inflow from financing activities was CNY 24,100,000.00, down from CNY 32,184,283.20 in the last period[133] - The ending cash and cash equivalents balance was CNY 91,439,626.03, compared to CNY 127,471,633.33 at the end of the previous period[133] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,156,580,412.64, down 2.69% from ¥1,188,567,659.31 at the end of the previous year[9] - The total liabilities of the company decreased to ¥554,483,157.52 from ¥599,746,845.60, representing a reduction of approximately 7.5%[99] - The company's total equity increased to ¥602,097,255.12 from ¥588,820,813.71, reflecting a growth of about 2.3%[101] - Accounts receivable decreased to ¥366,913,240.85, down from ¥420,801,951.59, indicating a reduction of approximately 12.8%[93] - Total cash and cash equivalents decreased by CNY 10,601,891.56, contrasting with a significant decrease of CNY 96,511,585.63 last year[133] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,401[13] - The largest shareholder, New Silver International Limited, held 23.21% of the shares, totaling 35,145,821 shares[14] - The company approved a profit distribution plan for 2018 during the board meeting on April 1, 2019, which was later ratified by the shareholders' meeting on April 22, 2019[49] Investments and Projects - The company is focused on expanding its market presence with new products such as ultra-pure reagents and photoresists[31] - The company is undertaking a technical transformation project for ultra-pure reagents and photoresists, with an investment of RMB 5,937.16 million, achieving 100.14% of the planned investment[61] - The company has a sales technology service center project with an investment of RMB 1,824.2 million, currently at 76.14% completion[61] Risks and Challenges - The company faces risks related to market demand fluctuations and competition, particularly in the photovoltaic and lithium battery sectors, which could impact revenue and profits[36] - Safety production and environmental risks are present due to the nature of some products, which are hazardous chemicals, and the company has implemented strict safety and environmental management measures[37][38] - The company is at risk of bad debts from accounts receivable, particularly from clients in the photovoltaic industry, due to market fluctuations[39] - Increased fixed asset depreciation from new production and R&D equipment purchases may impact overall operating costs and profitability[42] Regulatory and Corporate Governance - The company completed the issuance of convertible bonds, with the application approved by the China Securities Regulatory Commission on December 25, 2018[47] - The company completed the board and supervisory board re-election on January 21, 2019[48] - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[56] - There are no warnings regarding potential significant changes in cumulative net profit compared to the same period last year[88]

Financial Performance - The company reported a total revenue of 1.514 billion RMB for the year 2018, representing a year-on-year increase of 15%[6] - The net profit attributable to shareholders was 151 million RMB, an increase of 20% compared to the previous year[6] - The company's operating revenue for 2018 was CNY 810,860,614.70, representing a 51.69% increase compared to CNY 534,539,259.03 in 2017[28] - The net profit attributable to shareholders for 2018 was CNY 50,218,148.04, up 38.81% from CNY 36,176,549.89 in 2017[28] - The net profit after deducting non-recurring gains and losses was CNY 40,149,893.94, a 25.26% increase from CNY 32,052,895.40 in 2017[28] - The gross margin improved to 35%, up from 32% in the previous year, reflecting better cost management and pricing strategies[6] - The company achieved a basic earnings per share of CNY 0.3363, reflecting a 24.37% increase from CNY 0.2704 in 2017[28] - The company reported a total non-recurring profit of CNY 10,068,254.10 in 2018, a significant increase from CNY 4,123,654.49 in 2017, representing a growth of 144.5%[34] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region by 2020[6] - A strategic acquisition of a local competitor is planned, which is projected to enhance market share by 15%[6] - The company anticipates a revenue growth of 10-15% for the next fiscal year, driven by new product launches and market expansion[6] - The company plans to expand its international market presence while narrowing the gap with global leaders in the semiconductor manufacturing industry[18] - The company is focusing on developing advanced manufacturing equipment and processes for semiconductor technology, aiming to capture 10% and 20% of the domestic market share for equipment and materials respectively[18] - The company is focused on expanding its overseas market presence and developing more high-quality customers domestically and internationally[169] - The company plans to strengthen its marketing network in the Yangtze River Delta and expand into the Pearl River Delta and Southwest regions, aiming for a nationwide marketing structure[175] Research and Development - The company is investing 200 million RMB in R&D for new technologies in semiconductor materials over the next three years[6] - New product development includes advanced lithium battery materials, expected to contribute an additional 100 million RMB in revenue by 2019[6] - The company plans to continue increasing R&D investment and explore new collaborative models with universities and research institutions[113] - The company has a total of 44 patents, including 34 invention patents, enhancing its competitive edge in technology[110] - The company has developed advanced purification technology for ultra-pure hydrogen peroxide, achieving a purity level of 10 ppt, which meets the highest purity standard (G5) set by SEMI[63] - The company has developed a series of functional materials for photolithography products, providing comprehensive technical solutions for customers[84] Investments and Acquisitions - The company acquired 80% equity in Jiangsu Yangheng in February 2018, which specializes in the production and sales of sulfuric acid and sulfur trioxide, enhancing its electronic-grade sulfuric acid supply chain[38] - The company plans to invest in a project to expand the production capacity of electronic-grade sulfuric acid to 90,000 tons per year, leveraging advanced manufacturing technology from Mitsubishi Chemical Corporation[40] - The company completed the acquisition and capital increase of Jiangsu Yangheng, which will become a subsidiary, and plans to invest in a project to produce 90,000 tons of electronic-grade sulfuric acid, addressing the reliance on imports in the semiconductor industry[88] - The company is currently investing RMB 13.34 million in a new project for producing 87,000 tons of optoelectronic and semiconductor materials, which is still under construction[135] - The company has invested RMB 27.77 million in the construction of an electronic-grade sulfuric acid project, which is also under construction[138] Financial Management and Cash Flow - The net cash flow from operating activities was CNY 38,928,537.09, a significant improvement of 241.31% compared to a negative cash flow of CNY -27,547,747.23 in 2017[28] - The net increase in cash and cash equivalents was -¥143,145,484.49, indicating a decrease of 198.84% compared to the previous year[115] - Operating cash inflow increased by 70.14% year-on-year, mainly due to business scale expansion and increased revenue[118] - Operating cash outflow increased by 48.90% year-on-year, primarily due to increased daily operating expenses[118] - Long-term borrowings increased by 101.11% year-on-year, mainly due to new bank loans and acquisition financing[124] - The company signed a loan agreement with China Industrial Bank for a total amount of RMB 69 million, with an interest rate of 4.90% and a term of 7 years[130] Product Development and Quality - The company has been producing photoresists for over 20 years, with its products now being used in major semiconductor and flat panel display projects, including orders from SMIC and other leading manufacturers[44] - The company’s lithium battery binder products are designed to meet specific customer needs, providing low internal resistance and excellent cycle performance, catering to major clients like BYD and CATL[46] - The company has upgraded its production of ultra-pure reagents and photoresists, achieving G3 and G4 grades for several products, which supports its entry into the semiconductor field[89] - The company has established a CNAS-certified laboratory, enhancing its product quality assurance and technical research capabilities[75] Risks and Challenges - The company faces risks from market demand fluctuations and competition, particularly in the microelectronics chemical sector, which may impact revenue and profit[180] - The company is aware of foreign exchange risks due to its overseas business and will monitor currency fluctuations to mitigate potential impacts on financial performance[196] - The company recognizes the risk of supplier concentration and will conduct regular evaluations of suppliers to ensure they meet operational needs[197] - The company is committed to enhancing product quality and innovation to strengthen its core competitiveness in response to market risks[181] - The company will implement strict cost management to mitigate risks from raw material price fluctuations and maintain profitability[186]