厦门延江新材料股份有限公司 2022 年第三季度报告 证券代码：300658 证券简称：延江股份 公告编号：2022-078 厦门延江新材料股份有限公司 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。 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 厦门延江新材料股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 会计政策变更 本报告期 上年同期 本报告期 比上年同 期增减 年初至报 告期末 上年同期 年初至报 告期末比 上年同期 增减 调整前 调整后 调整后 调整前 调整后 调整后 营业收入 （元） 292,398,8 38.60 311,877,8 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥615,314,637.57, representing an increase of 8.27% compared to ¥564,905,869.62 in the same period last year[34]. - The net profit attributable to shareholders of the listed company reached ¥16,169,698.22, a significant increase of 296.82% from ¥4,074,793.68 in the previous year[34]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,637,502.74, up 331.63% from a loss of ¥5,024,118.71 in the same period last year[34]. - Basic and diluted earnings per share increased to ¥0.07, a rise of 250% from ¥0.02 in the same period last year[34]. - The company reported a significant drop in revenue from major clients compared to previous years, highlighting the risk of customer loss if quality and service standards are not maintained[7]. - The company reported a significant increase in the weighted average return on equity to 1.59%, up from 0.38% in the previous year[34]. - The company reported a net profit of 0.25 billion CNY, with a profit margin of approximately 7.14%[88]. - The company achieved a net profit of 2,760 million yuan for the first half of 2022, indicating a growth of 8% year-on-year[90]. - The company reported a profit margin of approximately 2.53% for the first half of 2022, compared to 1.29% in the same period of 2021[176]. Market Trends and Risks - The disposable hygiene products industry is experiencing a slowdown, with the baby diaper market showing signs of decline due to decreasing birth rates, although there is still potential for growth in adult diapers and wipes[11]. - The company faces risks from macroeconomic fluctuations, including the impact of the COVID-19 pandemic and geopolitical tensions, which have increased uncertainty in the economic environment[9]. - The overall market for disposable hygiene products is expected to grow, but the growth rate remains uncertain due to various market pressures[10]. - The disposable hygiene products industry is experiencing uncertain growth, particularly in the baby diaper segment, which has seen a slight decline due to decreasing birth rates[101]. - The company is exposed to foreign exchange risks as a significant portion of its revenue is denominated in USD, which can affect its operating performance due to exchange rate fluctuations[102]. - Raw material price volatility poses a risk, as the company relies heavily on ES fibers and plastics, which are influenced by global oil prices and market demand[102]. Strategic Initiatives - The company plans to establish more overseas production bases to enhance its international presence, which may introduce management challenges due to differing policies and regulations[15]. - The company emphasizes the need for continuous innovation and quality management to retain major clients amidst intense market competition[8]. - The company is investing in R&D for new materials, with an allocated budget of 0.1 billion CNY for the upcoming year[88]. - The company plans to enhance its digital marketing efforts, aiming for a 30% increase in online sales channels by the end of 2022[88]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with potential targets identified[88]. - The company aims to expand its overseas market presence in regions such as the Americas, Europe, Africa, and the Middle East, leveraging its overseas subsidiaries[105]. Operational Efficiency - The company has optimized internal management, controlling cost growth to ensure efficient global operations, resulting in stable overall performance[46]. - The company has achieved full automation in key production processes, significantly improving production efficiency and product quality stability[56]. - The company maintains a direct sales model, emphasizing technical support and customer service to enhance brand image and customer satisfaction[44]. - The company has a strict quality control system in place to ensure production processes adhere to established standards, minimizing inventory issues[44]. Financial Management - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[16]. - The company has not engaged in any entrusted loans during the reporting period[95]. - The company has established a financial derivative trading management system to prevent speculative trading and ensure all transactions are based on normal business operations[94]. - The company reported a significant decrease in foreign exchange contracts, with a decline of 27.09% in April 2022 compared to the previous year[92]. - The company reported a significant decline in overseas subsidiary performance due to rising energy raw material prices caused by the Russia-Ukraine conflict, leading to increased operational costs[98]. Research and Development - The company holds 26 invention patents, 56 utility model patents, and 41 design patents as of June 30, 2022, with 4 new invention patents, 7 utility model patents, and 2 design patents added in 2022[54]. - The company is focusing on enhancing its research and development capabilities to innovate new materials and technologies[190]. - The company is investing in R&D to improve existing product quality and develop new products, including pure cotton spunlace non-woven fabric and spunbond non-woven fabric, to meet market demand[104]. Customer Concentration - The revenue from the top five customers in the first half of 2022 was 511.38 million yuan, accounting for 83.1% of total revenue, indicating a high customer concentration risk[7]. - The top five customers' sales revenue from 2019 to the first half of 2022 were 894.32 million, 992.59 million, 1,043.56 million, and 511.38 million yuan, representing a high customer concentration of 86.15%, 62.59%, 83.54%, and 83.1% respectively[100]. Corporate Governance - The company adheres to legal regulations and has established a robust internal control system to protect shareholder and creditor rights[115]. - The company emphasizes employee rights protection, ensuring compliance with labor laws and providing various insurance benefits[116]. - The company has not reported any significant new product launches or technological advancements in the current period[196].

Financial Performance - The company's operating revenue for Q1 2022 was ¥323,665,417.62, representing a 9.13% increase compared to ¥296,583,656.56 in the same period last year[3]. - The net profit attributable to shareholders was ¥6,693,933.61, up 7.75% from ¥6,212,367.40 year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 53.94%, reaching ¥3,382,345.01 compared to ¥2,197,178.69 in the previous year[3]. - The company achieved a turnaround in profitability, with net profit attributable to shareholders increasing year-on-year[13]. - Net profit for the current period was ¥7,176,755.79, a decrease of 8.5% from ¥7,842,128.74 in the previous period[23]. - The total comprehensive income for the current period was ¥5,418,539.89, compared to ¥9,580,888.27 in the previous period, indicating a decline of 43.5%[24]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 84.41%, amounting to ¥6,432,502.28, down from ¥41,257,404.74 in the same period last year[3]. - Cash flow from operating activities netted ¥6,432,502.28, down 84.41% due to extended receivable collection periods[8]. - Cash and cash equivalents decreased by 52.01% to ¥179,632,664.33, mainly due to investments in new projects[9]. - Cash and cash equivalents at the end of the period totaled ¥179,632,664.33, a decrease from ¥374,282,938.23 at the end of the previous period[27]. - The company’s cash and cash equivalents decreased from CNY 205,468,572.37 to CNY 189,644,119.32, a decline of approximately 7.7%[18]. - The company’s financing activities generated a net cash flow of ¥90,359,640.55, a significant increase from ¥21,756,231.00 in the previous period[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,198,870,268.03, reflecting a 2.12% increase from ¥2,153,157,807.64 at the end of the previous year[4]. - The company's current assets decreased from CNY 958,466,224.36 at the beginning of the year to CNY 884,060,653.27, a decline of about 7.7%[18]. - The total liabilities increased from CNY 1,126,760,992.00 to CNY 1,167,054,912.49, representing an increase of approximately 3.6%[19]. - The company’s long-term borrowings increased from CNY 311,872,244.32 to CNY 394,783,118.49, reflecting a rise of about 26.5%[19]. Expenses and Costs - Total operating costs amounted to ¥320,672,690.58, up from ¥290,690,831.65, reflecting a growth of 10.3%[21]. - Sales expenses increased by 212.43% to ¥5,356,958.69, driven by higher exhibition costs and sample certification fees[8]. - Financial expenses rose by 96.62% to ¥9,395,998.81, primarily due to exchange losses from USD depreciation and increased bank loan interest[8]. - The company incurred research and development expenses of ¥7,275,767.14, down 22.9% from ¥9,440,545.56 in the previous period[21]. Investments and Equity - Long-term equity investments increased by 90.41%, reaching ¥73,712,252.57, compared to ¥38,712,252.57 at the beginning of the year[7]. - The company recognized government subsidies amounting to ¥1,568,464.07 during the reporting period[6]. - The equity attributable to shareholders decreased by 1.11% to ¥1,014,953,174.81 from ¥1,026,396,815.64 at the end of the previous year[4]. - The company recorded an investment loss of ¥4,583,506.49, down from a profit of ¥9,250,576.32 in the previous period[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,982[10]. - The company plans to extend the validity period for issuing shares to specific targets by an additional 12 months, now set to expire on April 21, 2023[14]. - The company’s U.S. subsidiary, Yanjan USA LLC, is set to acquire 100% equity of SpinTech LLC through a debt-to-equity swap[15].

Financial Performance - The company's operating revenue for 2021 was CNY 1,249,100,593, a decrease of 21.24% compared to CNY 1,585,910,182 in 2020[24]. - The net profit attributable to shareholders was CNY 16,842,500.96, representing a significant decline of 94.38% from CNY 299,505,974.40 in the previous year[24]. - The basic earnings per share dropped to CNY 0.07, down 94.74% from CNY 1.99 in 2020[24]. - The net cash flow from operating activities was CNY 53,421,994.79, a decrease of 83.89% from CNY 331,536,650.49 in the previous year[24]. - The company's gross profit margin for disposable hygiene products was 16.84%, down by 18.76% from the previous year[74]. - The total operating revenue for the reporting period was CNY 1,249,100,593.46, representing a decrease of 21.24% compared to CNY 1,585,910,182.99 in the previous year[71]. - The company reported a significant decline in sales of meltblown fabric, impacting overall revenue and cash flow[86]. Market Trends and Opportunities - The market for adult diapers and wipes is expected to grow, despite uncertainties in the overall birth rate due to the new three-child policy[11]. - The market for disinfecting wipes saw a significant increase, with a growth rate of 16.4% in 2020, driven by heightened demand due to the pandemic[37]. - The company has identified opportunities for market expansion in the elderly care products sector, projected to exceed ¥5 trillion by 2025[37]. - The disposable hygiene products industry is experiencing intensified competition, necessitating continuous innovation and adaptation by the company[10]. - The company plans to focus on high-end disposable hygiene products, with a growing demand for disinfecting wipes and baby wipes post-pandemic[7]. Customer and Supplier Dynamics - In 2021, the revenue from the top five customers was 1,043.56 million yuan, accounting for 83.54% of total revenue, indicating high customer concentration risk[10]. - The company’s major suppliers accounted for 48.58% of total procurement, with the top five suppliers being closely related to the company[80]. - The company signed significant sales contracts, with the top five customers accounting for 83.54% of total sales, led by Procter & Gamble with 55.56%[79]. Cost and Operational Challenges - The company faces significant cost pressures from rising raw material prices and increased shipping costs, impacting profit margins[6]. - The company has undergone adjustments in accounting policies, which affected the financial data for the reporting period[24]. - The company’s production volume for disposable hygiene products decreased by 5.23% to 45,266.76 tons, while inventory increased by 12.29% to 2,436.38 tons[75]. Innovation and R&D - The company holds a total of 22 invention patents, 58 utility model patents, and 39 design patents as of December 31, 2021, indicating strong R&D capabilities[47]. - The company has successfully commercialized 3D perforated non-woven fabric, which is now used in high-end sanitary napkins and leading baby diapers, contributing to sustained business growth[48]. - The company is focusing on innovation and customer collaboration to meet the evolving demands of high-end clients, which is expected to drive future growth[56]. International Expansion - The company has been investing in overseas production bases to enhance its international presence, which introduces management challenges[11]. - The company has established overseas production bases in Egypt, the USA, and India, which have helped reduce logistics costs and improve overseas demand[46]. - The company aims to leverage its overseas supply chain advantages to expand into markets in the Americas, Europe, Africa, and the Middle East, enhancing its global competitiveness[113]. Governance and Compliance - The company has established a governance structure with clear decision-making, execution, and supervision responsibilities[167]. - The company has implemented a transparent performance evaluation and incentive mechanism for senior management, ensuring fair compensation practices[124]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors through designated platforms[124]. Shareholder Relations and Profit Distribution - The company will not distribute cash dividends or issue bonus shares for the year[12]. - The profit distribution plan for 2021 is not to distribute cash dividends, stock dividends, or increase capital from the capital reserve[161]. - The company plans to distribute at least 15% of the distributable profits as cash dividends, with a minimum of 20% of the cash dividends in each distribution[158]. Employee Management and Development - The company emphasizes a competitive salary policy and a fair performance evaluation mechanism to retain and attract talent[156]. - The company has a training plan that includes various training programs to enhance employee skills and align with strategic goals[157]. - The total number of employees at the end of the reporting period was 1,083, with 643 in the parent company and 440 in major subsidiaries[154].

厦门延江新材料股份有限公司 2021 年第三季度报告 证券代码：300658 证券简称：延江股份 公告编号：2021-101 厦门延江新材料股份有限公司 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 2021 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。 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 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 311,877,825.57 | -2.43% | 876,783,695.19 | -30 ...

Financial Performance - The company reported a revenue of 992.59 million yuan for 2020, which accounted for 62.59% of total operating income, indicating a high customer concentration risk[8]. - The company's revenue for the reporting period was ¥564,905,869.62, a decrease of 40.45% compared to ¥948,681,819.73 in the same period last year[30]. - The net profit attributable to shareholders was ¥4,074,793.68, down 98.66% from ¥304,348,525.03 year-on-year[30]. - The net profit after deducting non-recurring gains and losses was -¥5,024,118.71, a decline of 101.73% compared to ¥289,588,617.32 in the previous year[30]. - The net cash flow from operating activities was ¥76,581,727.53, a decrease of 77.25% from ¥336,573,382.55 in the same period last year[30]. - The total assets at the end of the reporting period were ¥1,895,935,614.27, down 3.92% from ¥1,973,354,374.96 at the end of the previous year[30]. - The net assets attributable to shareholders decreased by 8.63% to ¥999,223,074.95 from ¥1,093,590,612.70 at the end of the previous year[30]. - The company reported a net cash increase of ¥124.94 million, a 279.14% increase compared to ¥32.95 million in the previous year, due to reduced balances in financial products and structured deposits[57]. - The company reported a total comprehensive income of -21,895,958.41 yuan for the first half of 2021, compared to 286,373,871.34 yuan in the same period of 2020[188]. - The company reported a significant increase in revenue, achieving a total of 6,045.74 million yuan in the first half of 2021[134]. Market Dynamics - The disposable hygiene products industry is experiencing intensified competition, driven by policy changes and market dynamics, which may lead to industry reshuffling[6]. - The market for baby diapers has shown signs of stagnation due to declining birth rates, while adult diapers and other disposable products have clearer growth potential[11]. - The adult incontinence products market grew by 22.5% year-on-year, reaching approximately RMB 11.5 billion, with adult diapers accounting for 71.3% of total consumption[44]. - The market for domestic wipes increased by 16.4% year-on-year, with a market size of approximately RMB 22.46 billion, driven by heightened demand for hygiene products during the pandemic[44]. - The infant diaper market size was RMB 48.6 billion, slightly decreasing by 2.6% year-on-year, while market penetration rose from 72.2% to 77.1%[43]. Strategic Initiatives - The company plans to establish more overseas production bases as part of its strategy to expand international operations[15]. - The company is focusing on expanding its product range and optimizing its product structure, including launching a stock issuance project to fund new non-woven fabric projects[37]. - The company has established overseas production bases in Egypt, the USA, and India to enhance its global supply chain and reduce logistics costs[40]. - The company is expanding its overseas production bases, which presents management challenges due to differing policies and regulations[104]. - The company aims to enhance its global supply chain and actively explore markets in the Americas, Europe, Africa, and the Middle East, with an increasing proportion of overseas sales[107]. Innovation and Development - The company emphasizes the need for continuous innovation and product development to maintain competitiveness in a rapidly changing market[6]. - The company has established a dedicated wiping products division to commercialize high-end wiping non-woven fabrics and expand its global market presence[106]. - The company has made significant advancements in its core technologies, achieving automation in the entire production process of hot air non-woven fabric, which has greatly improved production efficiency and product quality stability[51]. - The company has optimized internal management to enhance operational efficiency, ensuring that performance growth translates effectively into profits[41]. - The company is accelerating the development and launch of new products, including pure cotton spunlace non-woven fabric and spunbond non-woven fabric, with a focus on improving product quality and cost-effectiveness[106]. Risk Factors - The company faces risks related to macroeconomic fluctuations, which could impact consumer demand and overall business performance[9]. - The company’s main raw materials, such as ES fibers and plastic granules, are subject to price volatility influenced by global oil prices, affecting production costs[13]. - The company’s export revenue is increasingly significant, making it vulnerable to exchange rate fluctuations, particularly between the US dollar and the Chinese yuan[12]. - The company is exposed to macroeconomic fluctuations that may impact consumer demand[102]. - The company is at risk of losing major clients if it fails to meet their evolving requirements[101]. Financial Management - The company has established a comprehensive business supervision system and internal controls for its overseas assets, which include investments in Egypt, the United States, and India[64]. - The company has a total of RMB 63,186,357.66 in unutilized raised funds as of the end of the reporting period[74]. - The company has committed to an investment project with a total investment amount of 43,403.1 million, achieving a progress rate of 90.71%[77]. - The company has engaged in foreign exchange forward contracts with various banks, with the highest investment amount recorded at 144.02 million yuan[92]. - The company aims to mitigate risks associated with foreign exchange fluctuations through hedging strategies, focusing on profit locking and avoiding speculative trading[93]. Shareholder Information - The company announced a cash dividend of CNY 6.5 per 10 shares, totaling CNY 98,650,500, and a capital increase of 5 shares for every 10 shares held, resulting in a total share capital increase of CNY 75,885,000 shares[155]. - The total number of shares after the capital increase was 227,655,000 shares, with 40.71% being limited sale shares and 59.29% being unrestricted sale shares[155]. - Major shareholder Xie Jihua holds 26.58% of the shares, with 18,000,000 shares pledged[158]. - The company implemented a 10-for-5 stock split and a cash dividend of 6.5 RMB per 10 shares in June 2021[161]. - The top ten shareholders include Xie Jihua, Xie Jiquan, and Lin Binbin, who are all considered actual controllers and acting in concert[159].

Financial Performance - The company's revenue for Q1 2021 was CNY 296,583,656.56, representing an increase of 8.06% compared to CNY 274,456,358.63 in the same period last year[10]. - Net profit attributable to shareholders decreased by 84.03% to CNY 6,212,367.40 from CNY 38,893,562.98 year-on-year[10]. - Basic and diluted earnings per share dropped by 84.01% to CNY 0.041 from CNY 0.2564 in the same period last year[10]. - The total profit decreased by 79.90% to CNY 9,657,486.62, attributed to the normalization of meltblown fabric prices and high export shipping costs[19]. - Total comprehensive income for Q1 2021 was CNY 9,580,888.27, down from CNY 42,321,498.89 in the previous year[50]. - Net profit for Q1 2021 was CNY 7,842,128.74, down from CNY 40,287,857.04 in the same period last year, indicating a decline of approximately 80.5%[49]. Cash Flow - The net cash flow from operating activities fell by 73.03% to CNY 41,257,404.74, down from CNY 152,967,731.97 in the previous year[10]. - Cash flow from operating activities showed a net outflow of CNY 41,257,404.74, a decrease of 73.03% compared to the previous year, due to reduced prepayments[21]. - Cash received from investment activities increased by 241.44% to CNY 363,424,304.09, mainly from matured investment products[21]. - Operating cash inflow totaled ¥328,680,381.59, down from ¥430,036,187.40 in the previous period, representing a decrease of approximately 23.6%[57]. - The company reported a net increase in cash and cash equivalents of ¥79,892,877.41, down from ¥100,551,770.24 in the previous period[58]. Assets and Liabilities - Total assets increased by 1.38% to CNY 2,000,624,097.20 compared to CNY 1,973,354,374.96 at the end of the previous year[10]. - Total liabilities amounted to CNY 882,765,488.35, compared to CNY 866,345,216.09 in the previous period[41]. - Current liabilities totaled CNY 622,641,623.52, a decrease from CNY 635,694,105.28[41]. - Non-current liabilities increased to CNY 260,123,864.83 from CNY 230,651,110.81[41]. - The company's total non-current assets were CNY 916,994,489.12, up from CNY 883,373,730.10[42]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,963[14]. - Major shareholders include Xie Jihua with a 26.58% stake and Xie Jiquan with a 13.29% stake[14]. - The total equity attributable to shareholders was CNY 1,093,590,612.70, showing a slight decrease of CNY 264,280.64 from the previous period[65]. Operational Changes and Strategies - The company is optimizing its global layout and actively expanding into markets in the Americas, Europe, Africa, and the Middle East[24]. - The company has completed the relocation of its production facilities, which had previously impacted operational efficiency and incurred additional costs[22]. - The company is adjusting its marketing and production operations to better meet the "small batch, multiple varieties" demand from clients[25]. - The company is focusing on developing and servicing small and medium-sized domestic clients to adapt to market fragmentation trends[25]. - The company plans to raise up to 400 million CNY through a targeted stock issuance to support its business operations[26]. Research and Development - Research and development expenses increased by 59.82% to CNY 9,440,545.56, reflecting greater investment in R&D projects during the first quarter[19]. - The company has increased R&D investment in existing product processes and performance, with new products like cotton non-woven fabric and spunbond non-woven fabric in development[25]. Risks and Challenges - The company is facing risks from macroeconomic fluctuations, intensified industry competition, and raw material price volatility, and plans to hedge these risks through various strategies[25]. - The company is currently involved in arbitration regarding delays in project completion by the contractor, which may impact future project timelines and financial outcomes[30].

Financial Performance - Revenue for Q1 2021 was CNY 296,583,656.56, an increase of 8.06% compared to CNY 274,456,358.63 in the same period last year[10] - Net profit attributable to shareholders decreased by 84.03% to CNY 6,212,367.40 from CNY 38,893,562.98 year-on-year[10] - Basic and diluted earnings per share fell by 84.01% to CNY 0.041 from CNY 0.2564 in the same period last year[10] - The total profit for the period was CNY 9,657,486.62, a decrease of 79.90% compared to the previous year, influenced by high shipping costs and normalization of meltblown fabric prices[19] - The net profit for Q1 2021 was CNY 7.84 million, a decrease of 80.5% from CNY 40.29 million in Q1 2020[49] - The total comprehensive income for Q1 2021 was CNY 9.58 million, compared to CNY 42.32 million in Q1 2020, reflecting a decline of 77.4%[50] Cash Flow - Net cash flow from operating activities dropped by 72.90% to CNY 41,458,352.30 compared to CNY 152,967,731.97 in the previous year[10] - Cash flow from operating activities showed a significant decline of 72.90%, totaling CNY 41,458,352.30, due to reduced prepayments compared to the previous year[21] - Total cash inflow from investment activities was CNY 363,424,304.09, significantly up from CNY 106,439,137.23 in the previous period[57] - The net cash flow from investment activities was CNY 16,105,525.92, recovering from a negative CNY 83,339,573.25 in the previous period[57] - The net cash flow from financing activities was CNY 21,756,231.00, down from CNY 30,929,056.20 in the previous period[58] Assets and Liabilities - Total assets increased by 1.38% to CNY 2,000,624,097.20 from CNY 1,973,354,374.96 at the end of the previous year[10] - Total liabilities increased to CNY 882,765,488.35 from CNY 866,345,216.09, indicating a rise of about 1.5%[41] - Current liabilities totaled CNY 622,641,623.52, a decrease from CNY 635,694,105.28, showing a reduction of approximately 2.3%[41] - Non-current liabilities rose to CNY 260,123,864.83 from CNY 230,651,110.81, marking an increase of around 12.7%[41] - The company's total current assets decreased slightly to RMB 1,083,629,608.08 from RMB 1,089,980,644.86 as of December 31, 2020, indicating a decline of about 0.6%[39] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,963[14] - Major shareholder Xie Jihua holds 26.58% of shares, with 30,259,537 shares pledged[14] - Net assets attributable to shareholders rose by 0.84% to CNY 1,102,810,301.34 compared to CNY 1,093,590,612.70 at the end of last year[10] Research and Development - Research and development expenses increased by 68.29% to CNY 9,940,545.56, reflecting greater investment in R&D projects during the quarter[19] - The company is enhancing product performance and accelerating new product development, including pure cotton non-woven fabric and spunbond non-woven fabric[25] Market Strategy - The company is optimizing its global layout and actively expanding into markets in the Americas, Europe, Africa, and the Middle East[24] - The company has implemented a pricing adjustment mechanism with major clients to mitigate the impact of fluctuating production costs[23] - The company is increasing efforts to develop and serve small and medium-sized domestic clients to adapt to market fragmentation trends[25] - The company is adjusting its marketing and production operations to better meet the needs of small batch and diverse product demands[25] Risks and Challenges - The company is facing risks from macroeconomic fluctuations, intensified industry competition, and raw material price volatility, and plans to hedge these risks through various strategies[25] Fundraising and Investments - The company is expediting refinancing efforts to ensure sufficient operational funding, with a planned fundraising of up to 400 million CNY[26] - The total amount of raised funds is 434.03 million CNY, with 39.04 million CNY already invested, representing 89.96% of the total[29] - The company has utilized RMB 40,418,153.83 of raised funds to replace pre-invested self-raised funds for its fundraising investment projects, with independent verification conducted by PwC[31] Operational Changes - The company has completed the relocation of its production facilities, which had previously affected operational efficiency and incurred additional costs[22] - The company is advancing operational preparations for subsidiaries in Singapore, Hungary, and Egypt[25] - The company has completed the construction of its non-woven fabric project, which has passed fire safety acceptance[29] Other Information - The company has not reported any violations regarding external guarantees during the reporting period[33] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34] - The arbitration regarding the construction project is still ongoing, with the company awaiting the final results to proceed with project settlement[30]

Financial Performance - The company's operating revenue for 2020 was CNY 1,585,910,182.99, representing a 52.77% increase compared to CNY 1,038,112,515.42 in 2019[17]. - The net profit attributable to shareholders for 2020 reached CNY 299,505,974.40, a significant increase of 263.87% from CNY 82,310,742.42 in the previous year[17]. - The net cash flow from operating activities was CNY 331,536,650.49, up 346.68% from CNY 74,223,087.07 in 2019[17]. - The basic earnings per share for 2020 was CNY 1.99, an increase of 268.52% compared to CNY 0.54 in 2019[17]. - The total assets of the company at the end of 2020 were CNY 1,973,354,374.96, reflecting a 29.03% increase from CNY 1,529,356,989.92 at the end of 2019[17]. - The company's net assets attributable to shareholders increased by 30.11% to CNY 1,093,590,612.70 from CNY 840,521,208.91 in 2019[17]. - The company reported a total of ¥37.43 million in non-recurring gains for the year, primarily from government subsidies and fair value changes of financial assets[22]. - The company achieved operating revenue of ¥1,585,910,182.99 in 2020, a year-on-year increase of 52.77%[52]. - Net profit attributable to shareholders reached ¥299,505,974.40, up 263.87% compared to the previous year[52]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[132]. Market Expansion and Product Development - The company developed a new product, melt-blown non-woven fabric, to meet the demand for mask production during the COVID-19 pandemic, diversifying its business[26]. - The company plans to leverage its supply chain to accelerate the development of new products in the health protection industry, including spunbond hot air non-woven fabric and wipes[58]. - The company is focusing on product innovation and quality improvement to capture new market opportunities and enhance customer satisfaction[31]. - The company plans to continue developing cotton water-jet non-woven fabric and other products to expand its product line into high-end hygiene and medical care products[66]. - The company aims to become a global leader in innovative surface materials for hygiene products, supported by a newly established overseas holding structure in Singapore[48]. - The company is investing 100 million RMB in R&D to improve product quality and reduce production costs by 15%[132]. - New product development includes the introduction of three innovative materials expected to generate an additional 300 million RMB in revenue[132]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[133]. - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[162]. Operational Efficiency and Management - The company has optimized internal management and improved operational efficiency, effectively converting revenue growth into profit[30]. - The company has achieved full automation in its production processes, improving efficiency and product quality stability, particularly in the core processes of perforation and winding[44]. - The company reported a significant reduction in operational costs by 5% through improved supply chain management[180]. - The company is committed to maintaining a low-risk investment strategy while exploring new financial instruments[169]. - The company has established a robust internal control system and governance structure to protect shareholder and creditor rights[194]. Financial Strategy and Investments - The company is focusing on expanding its financial asset portfolio, including government bonds and corporate bonds[165]. - The company has established agreements for short-term financing with banks, achieving an average return of 4.56%[169]. - The company is actively involved in the issuance of corporate bonds and other debt instruments to enhance liquidity[168]. - The company has a diversified investment strategy that includes short-term financial instruments and trust products to enhance liquidity and returns[188]. - The company has reported a consistent collection of interest income, with amounts such as 14.52 million and 12.97 million from various agreements[188]. Risk Management and Challenges - The company faces risks from intensified industry competition, particularly in the absorbent hygiene products sector, which is becoming increasingly fragmented[118]. - The company is exposed to macroeconomic fluctuations that may lead to short-term volatility in consumer demand due to the slowing economic growth rate[119]. - The company’s international operations are subject to exchange rate fluctuations, particularly with USD/RMB rates affecting revenue and profit margins[120]. - The company’s main raw materials are influenced by global oil prices, and significant price changes could impact production costs and sales strategies[120]. Shareholder and Dividend Policies - The company plans to distribute a cash dividend of CNY 6.5 per 10 shares, with a total base of 151,770,000 shares[6]. - The company declared a cash dividend of 6.5 CNY per 10 shares, totaling 98,650,500 CNY for the year 2020, which represents 32.94% of the net profit attributable to ordinary shareholders[127][129]. - The total distributable profit for 2020 was 431,610,277.79 CNY, with the cash dividend representing 100% of the profit distribution[127]. - The company has committed to maintaining a minimum cash dividend ratio of 20% during its growth phase, despite significant capital expenditures[127]. Sustainability and Corporate Responsibility - The company is committed to sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[134]. - The company is committed to environmental protection and adheres to national policies on green development and resource conservation[195]. - The company emphasizes employee rights protection, providing comprehensive insurance and a supportive work environment[195].

厦门延江新材料股份有限公司 2020 年第三季度报告全文 厦门延江新材料股份有限公司 2020 年第三季度报告 2020-086 2020 年 10 月 1 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 厦门延江新材料股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 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。 公司负责人谢继华、主管会计工作负责人黄腾及会计机构负责人(会计主管 人员)康忠闻声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门延江新材料股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,949,710,808.56 | 1,529,356,989.92 | | 27.49% | | 归属于上市公司股东的净资产 | ...