Financial Performance - The company's operating revenue for the third quarter was ¥125,934,935.51, a decrease of 21.38% compared to the same period last year[4] - The net profit attributable to shareholders was -¥15,191,788.84, representing a decline of 332.72% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥15,724,240.05, down 363.19% from the previous year[4] - Total operating revenue for Q3 2022 was CNY 379,762,735.38, a decrease of 5.3% compared to CNY 400,829,420.90 in the same period last year[28] - Net profit for Q3 2022 was a loss of CNY 34,620,009.94, compared to a profit of CNY 8,215,849.00 in Q3 2021[28] - Basic earnings per share for Q3 2022 were -0.1682, compared to 0.0591 in Q3 2021[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,778,361,440.72, an increase of 5.44% compared to the end of the previous year[4] - The company's total liabilities increased to CNY 1,232,014,168.06, compared to CNY 1,108,437,463.04 at the end of the previous year[28] - The total equity attributable to shareholders of the parent company decreased to CNY 521,787,642.91 from CNY 548,791,053.37 year-on-year[28] - The company's current assets decreased to 906.3 million CNY from 917.8 million CNY at the beginning of the year[26] - The company's non-current assets increased to 872.1 million CNY from 768.8 million CNY at the beginning of the year[26] Cash Flow - The company's cash flow from operating activities was -¥145,953,885.77, a decrease of 149.26% year-to-date[4] - The net cash flow from operating activities was -145,953,885.77, compared to -58,555,938.24 in the previous year, indicating a decline in operational performance[32] - Total cash inflow from financing activities was 340,532,158.00, up from 254,493,894.41 in the same period last year, reflecting increased funding efforts[32] - The net cash flow from investing activities was -107,548,964.35, an improvement from -153,742,247.89 year-over-year, suggesting better investment management[32] - The company reported a total cash and cash equivalents balance of 36,681,581.55 at the end of the quarter, down from 70,050,431.13 at the end of the previous year[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,499[15] - The largest shareholder, Zhang Weiguo, holds 23.63% of the shares, amounting to 41,638,913 shares, with 6,000,000 shares pledged[15] - The total number of restricted shares at the end of the reporting period is 41,701,212, with 4,055,000 shares added during the period[18] - The company has a significant number of shares held by top shareholders, with the top 10 shareholders holding a combined total of 56.09%[15] Strategic Initiatives - The company has established a long-term partnership with China Railway Construction Real Estate Group, which is expected to positively impact future financial results[19] - The company is actively expanding into the renewable energy sector, focusing on wind and solar energy, and has established Hunan Feilu New Energy Technology Co., Ltd.[19] - The company has obtained qualifications for power engineering construction and signed project intention agreements with multiple partners in the renewable energy field[19] - The company is involved in the construction of China's first ultra-deep underground laboratory, providing advanced technical solutions for major national scientific infrastructure[20] - The company is committed to leveraging its technological research and development advantages to enhance product and brand strength[20] - The company has a strategic focus on low-carbon economy policies, aligning with national renewable energy development initiatives[19] Financial Management - Financial expenses increased by 78.52% to ¥23,183,372.92 due to the capitalization of interest stopping and increased borrowings[12] - The company received government subsidies amounting to ¥9,170,115.72, an increase of 62.53% compared to the previous year[12] - The company decided to repurchase and cancel 800,800 shares of restricted stock due to unmet performance conditions for the 2019 incentive plan[21] - In the 2022 incentive plan, the company plans to grant 5.11 million shares of restricted stock, with an initial grant of 4.11 million shares at a price of 5.96 CNY per share[22] - The company issued 14,541,832 shares at a price of 7.53 CNY per share, raising approximately 109.5 million CNY[24] Research and Development - The company reported a significant increase in R&D expenses, which rose to CNY 16,222,686.89, up 28.5% from CNY 12,579,612.56 in the previous year[28] Audit and Compliance - The third-quarter report was not audited, which may affect the reliability of the financial data presented[33]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥253.83 million, representing a 5.47% increase compared to ¥240.65 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥13.83 million, a decrease of 494.45% compared to a profit of ¥3.51 million in the previous year[19]. - The net cash flow from operating activities was a negative ¥132.68 million, worsening by 196.68% from a negative ¥44.72 million in the same period last year[19]. - The total assets at the end of the reporting period were approximately ¥1.73 billion, an increase of 2.37% from ¥1.69 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 2.37% to approximately ¥535.80 million from ¥548.79 million at the end of the previous year[19]. - The basic earnings per share for the reporting period was -¥0.0804, a decline of 490.29% from ¥0.0206 in the same period last year[19]. - The weighted average return on net assets was -2.55%, a decrease of 3.22% compared to 0.67% in the previous year[19]. - The company reported a total non-operating income of CNY 1,396,670.58 after accounting for tax and minority interests[24]. Market Position and Strategy - The company is positioned as the first listed enterprise in the domestic rail transit anti-corrosion and waterproof materials sector, serving a market that spans 32 provinces and regions in China[33]. - The company aims to enhance its R&D capabilities and improve product quality to increase market share in the high polymer materials industry[33]. - The company is focusing on expanding its semiconductor materials and cleaning equipment business to capitalize on the high growth potential in the semiconductor industry[32]. - The company maintains long-term stable relationships with major clients, including China National Railway Group and large real estate companies, which supports its market position[33]. - The company is actively developing new products, including water-based graphene zinc powder coatings, to meet industry standards and improve durability[60]. - The company is exploring new business areas and deepening cooperation with key clients to drive growth[54]. Research and Development - The company’s R&D investment increased by 35.59% to approximately ¥10.92 million, reflecting a commitment to enhancing technology and product development[76]. - The company holds 26 invention patents in the polymer materials field and has participated in drafting 13 industry standards, showcasing its strong R&D capabilities[63]. - The company has developed polishing cloths and polishing liquids for semiconductor materials, showcasing a significant technological advantage[34]. - The company has a strong technical advisory team composed of professors from top universities, enhancing its R&D projects in green manufacturing and protective coatings[64]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with various pollutants being monitored and reported[130]. - The company has achieved compliance with emission standards for multiple pollutants, including particulate matter and volatile organic compounds (VOCs)[130]. - The company’s VOC emissions were recorded at 1.71 mg/m3, significantly below the allowable limit of 80 mg/m3[130]. - The company has implemented a comprehensive environmental management system, focusing on clean production and low-carbon development, effectively controlling significant environmental factors[138]. - The company’s wastewater treatment facility achieved a chemical oxygen demand (COD) level of 92.3 mg/L, significantly below the 500 mg/L limit[132]. Financial Management and Investments - The company has reduced its investment cash outflow by 39.76% to approximately ¥65.14 million, indicating a strategic cutback in infrastructure investments[76]. - The company has ongoing investments in projects totaling 506,418,170.07 CNY, with significant contributions from self-raised funds[92]. - The company has engaged in entrusted financial management with a total amount of 2,400 million CNY, with no overdue amounts or impairment provisions reported[104]. - The company has established a credit management system to assess the creditworthiness of trading partners, reducing potential credit risks[106]. Corporate Governance - The company has established a robust corporate governance structure to ensure fair and timely information disclosure to all shareholders, enhancing communication with investors[141]. - The company adheres to labor laws, providing competitive compensation and various benefits to employees, while focusing on their health and professional development[142]. - The company has implemented strict safety and environmental management practices, achieving a 100% rectification rate for identified hazards throughout the year[148]. Shareholder and Stock Information - The total number of ordinary shareholders at the end of the reporting period was 10,728[192]. - The largest shareholder, Zhang Weiguo, holds 23.37% of the shares, totaling 40,518,913 shares, with 6,000,000 shares pledged[192]. - The company repurchased and canceled 800,800 shares of restricted stock at a price of 4.23 CNY per share due to unmet performance conditions[126]. - The company issued 177 million convertible bonds, raising RMB 17,700.00 million, with a net amount of RMB 16,853.71 million after deducting issuance costs[95].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥253.83 million, representing a 5.47% increase compared to ¥240.65 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of approximately ¥13.83 million, a decrease of 494.45% compared to a profit of ¥3.51 million in the same period last year[19]. - The net cash flow from operating activities was a negative ¥132.68 million, worsening by 196.68% from a negative ¥44.72 million in the previous year[19]. - The total assets at the end of the reporting period were approximately ¥1.73 billion, an increase of 2.37% from ¥1.69 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased by 2.37% to approximately ¥535.80 million from ¥548.79 million at the end of the previous year[19]. - The basic earnings per share for the reporting period was -¥0.0804, a decline of 490.29% from ¥0.0206 in the same period last year[19]. - The weighted average return on net assets was -2.55%, a decrease of 3.22% compared to 0.67% in the previous year[19]. - The company's revenue for the reporting period was approximately ¥253.83 million, representing a year-on-year increase of 5.47% due to improved sales performance[76]. - The company's R&D investment increased by 35.59% to approximately ¥10.92 million, reflecting a commitment to enhancing technology and product development[76]. - The company's operating cash flow showed a significant decline, with a net cash outflow of approximately ¥132.68 million, attributed to increased payments for goods and services[76]. Business Strategy and Market Position - The company is positioned as the first listed enterprise in the domestic rail transit anti-corrosion and waterproof materials sector, serving a wide range of clients including major state-owned enterprises[33]. - The company aims to enhance its R&D capabilities and improve product quality to increase market share in the high polymer materials industry[33]. - The company plans to continue strengthening its core business while exploring new market opportunities in the rail transit and construction sectors[33]. - The company is expanding into the semiconductor industry, focusing on semiconductor materials and cleaning equipment, leveraging its expertise in polymer materials[34]. - The company has expanded its business to 32 provinces and regions in China and exports its products to over 10 countries[33]. - The company is actively developing new products, including water-based graphene zinc powder coatings, to meet industry standards and improve durability[60]. - The company is focusing on green development in response to the "dual carbon" goals, with ongoing projects in the wind power and photovoltaic sectors[58]. - The company has strengthened its collaboration with major clients, including China CRRC, to enhance its product offerings in high-end markets[55]. - The company is implementing cost reduction strategies to improve product competitiveness amid fluctuating raw material prices[61]. - The company has adopted an integrated coating and painting business model to meet customer demands in various sectors, including rail and civil engineering[53]. Environmental Compliance and Sustainability - The company is classified as a key pollutant discharge unit, with various emissions monitored and reported as compliant with standards[130]. - The company achieved a benzene emission level of 0.0002 tons, also compliant with the established standards[130]. - The company has implemented measures to ensure that volatile organic compounds (VOCs) emissions remain below the regulatory threshold of 80 mg/m3, with reported levels at 2.66 mg/m3[130]. - The company’s environmental management practices have resulted in all monitored emissions being reported as compliant with standards[130]. - The company is focused on maintaining environmental compliance across all operational facilities[131]. - The company is committed to sustainable practices in its wastewater treatment processes[131]. - The company has implemented a comprehensive environmental management system, effectively controlling significant environmental factors and adhering to national environmental laws and regulations[138]. - The company emphasizes the creation of a resource-saving and environmentally friendly enterprise as a key part of its sustainable development strategy[140]. - The company has implemented green management and energy-saving measures, aiming to minimize environmental impact during production[145]. Risk Management - The company is facing significant operational risks, which are detailed in the report[5]. - The company has a risk management system in place to mitigate the impact of raw material price fluctuations on operations through hedging activities[105]. - The company has implemented a risk management system for futures hedging to mitigate price fluctuation risks, ensuring shareholder interests[106]. - The company has established a credit management system to assess the creditworthiness of trading partners, reducing credit risk[106]. - The company plans to enhance its internal control system to manage the complexities of futures trading and mitigate operational risks[106]. Shareholder and Corporate Governance - The company will not distribute cash dividends or issue bonus shares for the half-year period[124]. - The company has approved the repurchase and cancellation of 800,800 restricted stocks at a price of 4.23 CNY per share due to unmet performance conditions[126]. - The company approved the 2022 Restricted Stock Incentive Plan, granting 4.055 million shares to 76 participants on July 15, 2022[127]. - The company has established a complete internal control system to ensure all shareholders can fairly enjoy their legal rights, with hundreds of investor consultations conducted during the reporting period[141]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[152]. - There were no violations of external guarantees during the reporting period[153]. - The company has no significant related party transactions during the reporting period[159]. - The company has not reported any penalties or rectification issues that significantly impacted its operating performance[158]. Subsidiaries and Investments - The company established Hunan Feilu Nuo Cheng New Energy Technology Co., Ltd. to engage in photovoltaic business, expected to positively impact overall operations[111]. - The company’s subsidiary, Suzhou Enteng Semiconductor Technology Co., Ltd., reported a revenue of 13,348,130.23 CNY with a net loss of 590,817.37 CNY[112]. - The company’s subsidiary Hunan Naishen Plastic Engineering Materials Co., Ltd. changed its registered address and obtained a new business license on April 19, 2022[184]. - The company’s subsidiary Changsha Feilu High Polymer New Materials Co., Ltd. changed its business scope and obtained a new business license on May 5, 2022[184]. Contracts and Major Projects - The company is currently executing a major contract with China Resources Land Limited, with a total contract amount of CNY 413,429,700[181]. - The revenue recognized from the major contract during the reporting period is CNY 48,136,343.55, with cumulative revenue of CNY 115,394,109.44[181]. - The company has ongoing projects with no significant updates reported during the period[169].

Company Overview - The company’s stock code is 300665, and it operates under the name Zhuzhou Feilu High-tech Materials Co., Ltd[16]. - The registered address of the company is in Hunan Province, Zhuzhou City, Heta District, Jingshan Industrial Park[16]. - The company has a total of 8 subsidiaries, including Zhuzhou Feilu Anti-corrosion and Waterproof Technology Engineering Co., Ltd[12]. - The company’s official website is www.zzfeilu.com, providing further information about its operations[16]. - The company has not reported any changes in its registered address history[16]. Financial Performance - The financial report is guaranteed to be true, accurate, and complete by the company's management[3]. - The company has not disclosed specific financial performance metrics in the provided documents[2]. - The company's operating revenue for 2021 was CNY 625,103,272.40, representing a 3.23% increase compared to CNY 605,549,941.21 in 2020[19]. - The net profit attributable to shareholders decreased by 47.77% to CNY 12,614,990.39 in 2021 from CNY 24,154,886.27 in 2020[19]. - The net profit after deducting non-recurring gains and losses was CNY 9,408,786.18, down 42.90% from CNY 16,477,033.78 in the previous year[19]. - The net cash flow from operating activities increased significantly by 95.26% to CNY 59,219,421.08 in 2021, compared to CNY 30,327,926.19 in 2020[19]. - Total assets at the end of 2021 reached CNY 1,686,576,625.60, a 25.00% increase from CNY 1,349,300,857.16 at the end of 2020[19]. - The company's basic earnings per share decreased by 50.00% to CNY 0.07 in 2021 from CNY 0.14 in 2020[19]. Market Strategy and Focus - The company aims to enhance its market share and brand recognition by expanding product applications and improving product quality through technological innovation[30]. - The company is focused on becoming a leading supplier of anti-corrosion and waterproof materials in the rail transit sector, leveraging its expertise in polymer materials[30]. - The company plans to align with national policies promoting green transformation and sustainable development in the paint industry[30]. - The company focuses on environmental management and product innovation to reduce carbon emissions and develop low VOC content coatings[31]. - The company has established long-term strategic partnerships with quality suppliers to mitigate risks from rising raw material costs[32]. Industry Trends - The domestic paint industry is expected to see a 16% growth in total production volume in 2021, reaching approximately 3.8 million tons[29]. - In 2021, China's real estate development investment reached CNY 14,760.2 billion, a year-on-year increase of 4.4%[31]. - The global semiconductor materials market revenue reached $64.3 billion in 2021, a 15.9% increase from 2020[33]. - The semiconductor manufacturing equipment sales reached a record high of $102.6 billion in 2021, up 44% from the previous year[33]. Research and Development - The company employs a dual-track R&D model focusing on customized development based on customer needs and innovative development based on market potential[53]. - The company has maintained stable long-term relationships with major clients, which supports its market share and future growth potential[35]. - The company has developed waterproof protective coatings primarily used for concrete surfaces, including polyurethane and polyurea waterproof coatings[42]. - The company has initiated several R&D projects aimed at developing key technologies for water-based coatings, including water-based epoxy emulsions and acrylic dispersions[94]. - The company is focusing on developing environmentally friendly and functional coatings to meet market demands[98]. Production and Operations - The production process for waterproof coatings involves precise control of temperature and mixing ratios to ensure product quality[48]. - The company has established a comprehensive supplier directory for outsourcing, ensuring quality and timely delivery through contracts and negotiations[54]. - The company has a designed production capacity of 20,000 tons/year for water-based resins, with a utilization rate of 86.60% for water-based coatings and 106.40% for other anti-corrosion coatings[58]. - The company has expanded its business into the semiconductor industry, focusing on semiconductor materials and cleaning equipment[36]. - The company has successfully expanded its waterproof product applications to high-end models like the Fuxing and Lancang high-speed trains, while also securing multiple contracts with various metro projects[71]. Financial Management - The company has implemented a dual strategy of hedging and flexible procurement to mitigate the impact of raw material price fluctuations, enhancing its procurement risk management capabilities[77]. - The company reported a significant increase in sales of anti-corrosion coatings, with revenue rising by 55.05% to ¥116,193,876.93[82]. - The company’s total sales volume for coating products decreased by 9.05% to 16,283.15 tons, while production volume fell by 12.09% to 15,686.62 tons[84]. - The company has a total of 53,513,240.12 CNY paid for outsourced labor, primarily for simple and temporary tasks in coating operations[200]. - The company has a performance evaluation system in place to determine variable remuneration for senior management[180]. Governance and Compliance - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, and financial operations[162]. - The board of directors consists of 5 members, including 2 independent directors, complying with legal and regulatory requirements[159]. - The company has established a robust investor relations management system, enhancing transparency and communication with investors[160]. - The company has implemented a comprehensive internal control system to ensure compliance with relevant laws and regulations[158]. - The company has not faced any significant discrepancies in governance practices compared to regulatory requirements[161]. Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[172]. - New product launches are expected to contribute an additional 200 million yuan in revenue, with a focus on eco-friendly materials[172]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence, with a budget of 300 million yuan for potential deals[172]. - The company plans to expand its market share in the rail transit sector by promoting environmentally friendly and functional products, targeting new markets such as urban rail and high-speed rail maintenance[145]. - The company aims to leverage its strong governance and management structure to enhance shareholder value and market competitiveness[169].

Financial Performance - The company's operating revenue for Q1 2022 was ¥49,172,386.96, a decrease of 8.76% compared to ¥53,890,831.33 in the same period last year[4]. - The net profit attributable to shareholders was -¥10,419,578.35, representing a decline of 43.55% from -¥7,258,675.90 year-on-year[4]. - The net cash flow from operating activities was -¥106,247,465.06, a decrease of 44.55% compared to -¥73,499,841.21 in the previous year[4]. - Total operating revenue for Q1 2022 was CNY 49,172,386.96, a decrease of 7.9% compared to CNY 53,890,831.33 in the same period last year[17]. - Net loss for Q1 2022 was CNY 11,127,326.58, compared to a net loss of CNY 8,076,983.26 in Q1 2021, representing a 37.9% increase in losses[18]. - Operating profit for the period was CNY -10,630,117.71, worsening from CNY -7,423,194.59 in the previous year[18]. - The total liabilities increased to CNY 1,124,470,853.11, compared to CNY 1,108,437,463.04 in the previous year, showing a growth of 1.5%[18]. - The total equity attributable to shareholders decreased to CNY 538,658,080.36 from CNY 548,791,053.37, a decline of 1.9%[18]. - The basic and diluted earnings per share were both CNY -0.0614, compared to CNY -0.0604 in the same period last year[18]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased by 31.44% to ¥152,452,757.83 due to increased payments to suppliers and procurement costs[7]. - The company's cash and cash equivalents decreased to RMB 152,452,757.83 from RMB 222,369,402.41, representing a decline of approximately 31.4%[14]. - The net cash flow from operating activities was -106,247,465.06 CNY, compared to -73,499,841.21 CNY in the previous year, indicating a decline of approximately 44.5%[21]. - The company reported a net increase in cash and cash equivalents of -63,121,920.87 CNY, compared to -104,426,559.06 CNY in the previous year, reflecting an improvement of about 39.6%[21]. - The ending balance of cash and cash equivalents was 98,723,631.93 CNY, compared to 81,125,273.02 CNY at the end of the previous year, marking an increase of approximately 21.7%[21]. - The total cash inflow from operating activities was 123,739,553.31 CNY, up from 88,650,480.81 CNY, indicating a growth of about 39.6%[21]. - The total cash outflow from operating activities was 229,987,018.37 CNY, compared to 162,150,322.02 CNY in the previous year, representing an increase of approximately 41.7%[21]. - Total cash inflow from financing activities was 160,296,820.00 CNY, significantly higher than 41,447,000.00 CNY in the same period last year, representing an increase of about 286.5%[21]. - The company’s cash flow from financing activities netted 75,347,012.53 CNY, compared to 27,648,735.04 CNY in the previous year, showing an increase of about 172.5%[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,691,754,676.92, an increase of 0.31% from ¥1,686,576,625.60 at the end of the previous year[4]. - The total non-current assets increased to RMB 796,191,570.21 from RMB 768,785,094.65, reflecting a growth of about 3.6%[14]. - The total current liabilities decreased from RMB 1,186,000,000 to RMB 1,150,000,000, showing a reduction of approximately 3.0%[14]. - The company's inventory increased by 73.37% to ¥208,430,765.87, primarily due to increased raw material purchases[7]. - Inventory rose significantly to RMB 208,430,765.87 from RMB 120,223,785.56, reflecting an increase of approximately 73.3%[14]. - The company's short-term borrowings increased to RMB 243,069,232.26 from RMB 225,822,683.00, marking an increase of about 7.5%[14]. - Financial expenses rose by 64.74% to ¥5,149,275.71, attributed to increased interest payments from higher loan amounts[7]. - Financial expenses for the quarter were CNY 5,149,275.71, significantly higher than CNY 3,125,660.20 in the previous year, marking a 64.7% increase[18]. Government Support and Investments - The company received government subsidies amounting to ¥760,208.21, which contributed to a significant increase in other income by 421.97%[7]. - The company established the Feilu Jiacheng Fund to expand investment channels and support the development of the semiconductor industry, aligning with its strategic goals[12]. - The company plans to not redeem the Feilu convertible bonds early, maintaining its financial strategy for the next six months[12]. Research and Development - Research and development expenses rose to CNY 3,623,671.51, an increase of 15.2% from CNY 3,145,700.37 in the prior year[17].

Financial Performance - The company's operating revenue for Q3 2021 was ¥160,176,574.13, a decrease of 2.92% compared to the same period last year[3]. - Net profit attributable to shareholders decreased by 52.78% to ¥6,528,013.61 in Q3 2021, while year-to-date net profit decreased by 35.49% to ¥10,035,383.63[3]. - The basic earnings per share for Q3 2021 was ¥0.0385, down 66.29% year-on-year[3]. - The net profit for Q3 2021 was CNY 8,215,849, a decrease of 46.1% compared to CNY 15,275,948 in Q3 2020[24]. - Operating profit for Q3 2021 was CNY 9,625,963, down 39.0% from CNY 15,814,170 in the same period last year[24]. - The total comprehensive income attributable to the parent company was CNY 10,035,384, down 35.0% from CNY 15,556,088 in Q3 2020[24]. Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥1,549,678,210.23, reflecting a 14.85% increase from the end of the previous year[3]. - Total liabilities increased to CNY 991,943,373.90 from CNY 817,878,422.53, reflecting a rise of approximately 21%[21]. - The total assets of the company reached CNY 1,549,678,210.23, compared to CNY 1,349,300,857.16, marking an increase of about 15%[21]. - Total liabilities reached CNY 817,878,422.53, with current liabilities at CNY 537,926,002.58 and non-current liabilities at CNY 279,952,419.95[31]. - The total liabilities to total assets ratio is approximately 60.7%[31]. Cash Flow and Investments - The company's cash and cash equivalents decreased to CNY 122,557,645.06 from CNY 228,657,286.76, representing a decline of about 46%[19]. - Cash flow from operating activities showed a net outflow of CNY 58,555,938, slightly worse than the outflow of CNY 57,491,514 in Q3 2020[27]. - The company reported a total cash inflow from financing activities of CNY 254,493,894, compared to CNY 428,013,054 in the previous year, reflecting a decrease of 40.5%[27]. - The company invested CNY 146,386,548 in fixed assets during the quarter, significantly higher than CNY 86,994,361 in the same period last year[27]. Inventory and Receivables - The company reported a significant increase in inventory, with net value rising by 74.00% to ¥143,317,181.27 due to unsold goods at the end of the period[7]. - Accounts receivable increased to CNY 390,849,776.87 from CNY 340,029,910.26, showing a growth of approximately 15%[19]. - Inventory levels rose significantly to CNY 143,317,181.27 from CNY 82,258,805.50, indicating a 74% increase[20]. Research and Development - Research and development expenses increased by 34.00% to ¥12,579,612.56 compared to the same period last year, indicating a focus on innovation[9]. - Research and development expenses for the period were CNY 12,579,612.56, up from CNY 9,381,392.52, indicating a 34% increase[23]. - The company is committed to addressing the semiconductor industry's "bottleneck" issues through strategic investments and technology development[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,832[10]. - The company’s major shareholder, Zhang Weiguo, holds 24.06% of the shares, with 7.7 million shares pledged[11]. - The company reported a total of 800,800 shares released from restrictions during the reporting period, with a remaining restricted share count of 4,624,206 shares[13]. - The company’s stock incentive plan resulted in the release of 800,800 restricted shares, representing 0.46% of the total share capital[17]. Business Development and Contracts - The company secured new contracts in the rail transit sector, with a total bid amount reaching RMB 132 million during the reporting period[15]. - The company won a significant procurement project with China Resources Land, amounting to RMB 37.39 million for waterproof construction and leakage repair in Guangdong[15]. - The company is focusing on promoting water-based environmentally friendly coatings, marking a new milestone in cooperation with CRRC[15]. - The company is advancing its semiconductor business by increasing its stake in Suzhou Enteng Semiconductor Technology Co., Ltd. and establishing Suzhou Feilu Semiconductor Materials Co., Ltd.[16]. - The company has entered the trial production phase of the Dongfu production base, aimed at becoming a demonstration base in the waterproof materials industry[16]. Operational Challenges - The company is actively addressing production capacity challenges at the Tongguan production base due to local electricity restrictions[16]. - The company has implemented the revised Accounting Standards for Leases since January 1, 2021, affecting the consolidated financial statements[32]. - The third quarter report has not been audited[32].

证券简称：飞鹿股份 债券简称：飞鹿转债 证券代码：300665 公告编号：2021-095 债券代码：123052 株洲飞鹿高新材料技术股份有限公司 关于参加 2021 年湖南辖区上市公司投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 为增强与广大投资者的联系，切实提高公司透明度和治理水平，株洲飞鹿高 新材料技术股份有限公司（以下简称"公司"）将参加由中国证券监督管理委员 会湖南监管局主办、湖南省上市公司协会与深圳市全景网络有限公司协办的 "2021 年湖南辖区上市公司投资者网上集体接待日"活动，现将有关事项通知 如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的互 联网平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参 与公司本次投资者网上集体接待日活动，活动时间为 2021 年 9 月 24 日（星期五） 下午 15:00 至 17:00。 届时，公司高级副总裁兼董事会秘书何晓锋先生、董事会办公室主任易佳丽 女士、证券事务代表肖兰女士将与投资者通过网络在线文字形式进行沟 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥240.65 million, representing a 31.09% increase compared to ¥183.58 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached approximately ¥3.51 million, a significant increase of 102.60% from ¥1.73 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was approximately ¥2.03 million, up 282.43% from ¥529,855.23 in the same period last year[21]. - The basic earnings per share increased by 45.07% to ¥0.0206 from ¥0.0142 in the previous year[21]. - The company reported a net cash flow from operating activities of approximately -¥44.72 million, an improvement of 11.83% compared to -¥50.72 million in the same period last year[21]. - The company's revenue for the reporting period reached ¥240,652,846.77, representing a year-on-year increase of 31.09% compared to ¥183,582,620.15 in the previous year[51]. - The gross profit margin for anti-corrosion coatings improved by 5.96% to 32.83%, while the gross profit margin for waterproof coatings increased by 3.09% to 30.38%[53]. - The company reported a total investment of CNY 33,640.86 million in various projects, with a completion rate of 18.54%[72]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥1.44 billion, reflecting a 7.05% increase from ¥1.35 billion at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were approximately ¥538.03 million, a 2.61% increase from ¥524.35 million at the end of the previous year[21]. - The asset-liability ratio at the end of the reporting period was 62.01%, an increase of 1.40% from the previous year[185]. - Current liabilities decreased to CNY 484,072,216.16 from CNY 537,926,002.58, a reduction of about 10%[192]. - Non-current liabilities increased to CNY 411,577,406.55 from CNY 279,952,419.95, marking a rise of approximately 47%[192]. - The total liabilities increased to CNY 895,649,622.71 from CNY 817,878,422.53, an increase of about 9.5%[192]. Investments and Projects - The company has invested RMB 66.36 million in a new high-solid content water-based coating project, with a cumulative investment of RMB 188.64 million[63]. - The waterproof materials project has seen an investment of RMB 37.87 million, with a cumulative investment of RMB 137.51 million[63]. - The company has ongoing non-equity investments totaling RMB 104.22 million during the reporting period, with a cumulative investment of RMB 326.16 million[63]. - The company has established long-term partnerships with major players in the rail transit market, enhancing its competitive advantage in corrosion protection and waterproofing solutions[30]. - The company has successfully secured contracts for high-speed rail and urban rail projects, with total bid amounts exceeding CNY 100 million[34]. Research and Development - The company has established a strong R&D team and partnerships with multiple research institutions to enhance its technological capabilities in the field of coatings[41]. - The company's R&D investment increased by 45.32% to ¥8,050,685.34 from ¥5,539,996.41, reflecting a commitment to enhancing product development[51]. - The company has actively researched the smart coating market and is testing compatibility with existing smart coating equipment, aiming to reduce coating costs and improve service standardization[47]. - The company has developed a range of environmentally friendly, high-solid content, solvent-free coatings for civil construction and municipal engineering applications[32]. Environmental Compliance - The company reported compliance with environmental standards, with all monitored pollutants meeting regulatory limits[105]. - Total emissions of volatile organic compounds (VOCs) were recorded at 0.1295 tons, significantly below the allowable limit of 80 mg/m3[105]. - The company is actively monitoring and managing its emissions to maintain compliance with environmental regulations[106]. - The wastewater treatment facility achieved compliance with discharge standards, with total nitrogen at 2.77 mg/L and ammonia nitrogen at 0.176 mg/L, both within permissible limits[107]. - The company has implemented advanced treatment facilities to ensure all emissions are treated before release[106]. Corporate Governance - The company has made adjustments to its management team, including the election of new independent directors and supervisors[99]. - The company held its annual general meeting with a participation rate of 48.07% on May 7, 2021[98]. - The company is committed to complying with national laws and contributing to social responsibility in line with the new era of development[94]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[80][81][82]. Shareholder Information - The company’s total share capital increased to 173,264,515 shares due to the conversion of 2,651,755 shares from convertible bonds and a capital reserve increase of 49,045,892 shares[154]. - The largest shareholder, Zhang Weiguo, holds 24.92% of shares, totaling 43,177,729 shares, with a recent increase of 12,336,494 shares[164]. - The total number of shareholders is 7,660, with significant shareholders holding over 5% of ordinary shares[164]. - The company has a stock incentive plan in place, with 1.47 million restricted shares granted to 34 incentive recipients as part of its 2019 plan[101]. Risk Management - The company has acknowledged potential risks in its future operations and has outlined corresponding measures to address these risks[5]. - The company faces risks from fluctuations in raw material prices, which account for approximately 85% of total product costs, primarily influenced by international oil prices[90]. - The company has implemented a strict customer credit assessment process to mitigate accounts receivable risks, which have increased due to the expansion of its national layout strategy[92]. - The company aims to enhance market development efforts and optimize customer and product structures to mitigate potential impacts from economic uncertainties[90].

Financial Performance - The company's operating revenue for Q1 2021 was ¥53,890,831.33, representing a 141.00% increase compared to ¥22,361,034.22 in the same period last year[7] - The net profit attributable to shareholders was -¥7,258,675.90, an improvement of 44.82% from -¥13,153,897.78 year-on-year[7] - The basic earnings per share for the period was -¥0.0604, showing a 44.38% improvement from -¥0.1086 in the same quarter last year[7] - The company reported a total comprehensive loss of CNY 8,076,983.26 for Q1 2021, compared to a loss of CNY 13,375,041.06 in the same period last year[57] - The net loss for Q1 2021 was CNY 8,076,983.26, an improvement from a net loss of CNY 13,375,041.06 in Q1 2020, representing a reduction of 39.4%[57] - The company's gross profit margin decreased to -24.1% in Q1 2021 from -42.5% in Q1 2020[56] Cash Flow and Investments - The net cash flow from operating activities was -¥73,499,841.21, which is a 14.86% decline compared to -¥63,991,026.67 in the previous year[7] - The company's cash and cash equivalents decreased by 48.89% to ¥116,859,479.58 from ¥228,657,286.76, primarily due to increased investments in production base construction and higher raw material procurement[16] - Cash flow from investing activities showed a net outflow of -¥58,575,452.89, compared to -¥5,971,682.72 in the previous period[63] - Cash flow from financing activities generated a net inflow of ¥27,648,735.04, improving from a net outflow of -¥17,331,076.32[64] - The company reported a cash flow net decrease of -¥104,426,559.06, compared to -¥87,293,785.71 previously[64] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,333,261,586.74, a decrease of 1.19% from ¥1,349,300,857.16 at the end of the previous year[7] - The total liabilities decreased slightly from 817,878,422.53 to 814,277,821.92, a reduction of about 0.3%[49] - Total current assets decreased from 809,543,007.95 to 714,002,333.30, a decline of approximately 11.8%[47] - Total non-current assets rose from 539,757,849.21 to 619,259,253.44, an increase of approximately 14.7%[48] - Total equity attributable to shareholders decreased from 524,353,000.23 to 508,661,412.30, a decline of approximately 3.0%[50] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,455[10] - The largest shareholder, Zhang Weiguo, holds 25.36% of the shares, amounting to 30,841,235 shares, with 5,500,000 shares pledged[10] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11] - The total number of restricted shares at the end of the period was 7,477,872, with a total of 2,178,208 shares released during the current period[14] Research and Development - Research and development expenses rose by 39.39% to ¥3,145,700.37, indicating the company's commitment to enhancing innovation capabilities[16] - The company plans to continue focusing on R&D and market expansion to improve future performance[56] Strategic Initiatives - The company signed a strategic procurement cooperation agreement with China Resources Land for waterproof materials, which is expected to expand its market presence in the civil construction sector[19] - The company successfully won bids in three segments of the railway operation materials joint procurement project organized by China National Railway Group, expanding its influence in the domestic anti-corrosion coating business[20] - The company has established joint ventures with Shanghai Railway Economic Development Co., Ltd. and Guangzhou Railway Vehicle Co., Ltd., which are expected to grow rapidly with the implementation of the economic circulation policy[20] Project Investments - The new project for high-end water-based coatings has an investment of 10,239.49 million, with 99.55% of the investment completed[34] - The new environmental waterproofing material project has been fully invested at 2,550.15 million, achieving 100% completion[34] - The high-tech material research and testing center project has also reached 100% investment completion at 3,997.51 million[34] - The project for rail transit equipment damping materials has not yet commenced investment, remaining at 0% completion[34] Compliance and Governance - The company has not reported any violations regarding external guarantees during the reporting period[41] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[42] - The company has not engaged in any research, communication, or interview activities during the reporting period[43]

Financial Performance - The company's operating revenue for 2020 was ¥605,549,941.21, representing a 21.37% increase compared to ¥498,934,677.26 in 2019[17]. - The net profit attributable to shareholders for 2020 was ¥24,154,886.27, which is a 13.95% increase from ¥21,198,223.33 in 2019[17]. - The net profit after deducting non-recurring gains and losses was ¥16,477,033.78, up 4.22% from ¥15,810,049.56 in 2019[17]. - The net cash flow from operating activities decreased by 70.22% to ¥30,327,926.19 from ¥101,842,998.85 in 2019[17]. - The total assets at the end of 2020 were ¥1,349,300,857.16, a 33.28% increase from ¥1,012,349,829.12 at the end of 2019[17]. - The net assets attributable to shareholders increased by 15.82% to ¥524,353,000.23 from ¥452,728,891.78 at the end of 2019[17]. - The basic earnings per share for 2020 were ¥0.20, an increase of 11.11% from ¥0.18 in 2019[17]. - The diluted earnings per share also stood at ¥0.20, reflecting the same 11.11% increase from ¥0.18 in 2019[17]. - The weighted average return on equity was 4.97%, up from 4.63% in 2019[17]. - The company plans to distribute a cash dividend of ¥0.6 per 10 shares, based on a total of 121,092,168 shares[4]. Quarterly Performance - The company's total revenue for Q4 2020 reached ¥256,971,971.12, showing a significant increase compared to previous quarters[20]. - The net profit attributable to shareholders for Q4 2020 was ¥8,598,797.82, marking a recovery from losses in earlier quarters[20]. - The net cash flow from operating activities in Q4 2020 was positive at ¥87,819,439.79, indicating improved cash generation capabilities[20]. Product and Market Development - The company specializes in anti-corrosion and protective materials for various sectors, including rail transit and civil construction[27]. - The main products include anti-corrosion coatings and waterproof protective coatings, with applications in rail transit equipment and civil engineering[28]. - The company plans to expand its product applications to wind power equipment and other mechanical devices, diversifying its market reach[28]. - The company has established long-term partnerships with major manufacturers in the rail industry, enhancing its market position[28]. - The company focuses on customized research and development based on customer needs and innovative development for potential market demands[39]. - The company emphasizes the development of lightweight, environmentally friendly, and functional new materials, particularly in the rail transit and new energy sectors[39]. - The company has developed water-based coatings and high-solid content oil-based coatings for rail transit equipment, aligning with the trend towards low-VOC, environmentally friendly products[47]. Research and Development - The company applied for 23 new patents during the reporting period, including 18 invention patents, and obtained 3 authorized invention patents[53]. - The company has established a strong technical cooperation relationship with over ten research institutes and universities, enhancing its R&D capabilities[53]. - The company is actively exploring the smart coating market, conducting tests to integrate smart coating equipment with customer needs in the rail transit sector[60]. - The company has achieved a breakthrough in the application of water-based coatings in 250 km/h standard EMUs, addressing critical industry challenges[65]. - The company increased its R&D investment to CNY 17.79 million, a growth of 17.77% compared to 2019, enhancing its technological capabilities[69]. Production and Operations - The procurement model involves centralized purchasing with a ±1% error margin for raw materials, ensuring a stable supply chain and reducing price volatility risks[40]. - The production is organized based on a "sales-driven production" principle, with internal controls ensuring order authenticity and feasibility before production begins[41]. - The main sales model includes direct sales, integrated coating services, and coating construction services, targeting high-demand markets such as rail transit and civil construction[41]. - The company has implemented lean production practices to improve product quality and operational efficiency, contributing to sustainable development[73]. - The company utilizes labor outsourcing for non-core processes in coating services to control costs and maintain quality[40]. Financial Management - The company has achieved a 204.22% increase in receivables due to the rise in confirmed receivables, reflecting improved cash flow management[51]. - The company’s cash and cash equivalents increased by 713.60% to CNY 49,190,842.12 in 2020[98]. - The net cash flow from financing activities surged by 1,476.72% to CNY 188,047,905.77 in 2020[98]. - The total investment amount for the reporting period was ¥103.5 million, a 96.02% increase compared to ¥52.8 million in the previous year[106]. - The company’s short-term borrowings decreased by 15.35% to ¥185.5 million, while long-term borrowings increased to ¥140 million due to higher funding needs[102]. Strategic Initiatives - The company signed a cooperation framework agreement worth 1 billion yuan for environmental remediation in the old industrial area of Qingshui Pond, indicating a strategic move towards environmental sustainability[48]. - The company has formed an environmental governance division to address pollution issues in old industrial areas, collaborating with local groups for remediation projects[56]. - The company is committed to complying with national environmental regulations and policies, which may impact operational strategies[146]. - The company plans to expand its investment in water-based paint projects in response to national environmental policies and market trends, focusing on the rail transit sector[124]. Profit Distribution and Shareholder Relations - The company distributed cash dividends of RMB 0.6 per share, totaling RMB 7,265,530.08, which represents 100% of the total profit distribution[151]. - The company plans to continue expanding its market presence and optimizing its customer and product structures to adapt to changing economic conditions[142]. - The company’s cash dividend policy aligns with its growth stage and significant capital expenditure plans, ensuring shareholder interests are protected[150]. - The company aims to retain the remaining undistributed profits to support its operational needs following the cash dividend distribution[155]. - The company will prioritize cash dividends in its profit distribution, with the option to combine cash and stock dividends[164]. Compliance and Governance - The company has committed to ensuring that no direct or indirect competition arises with the issuer during its shareholder period[163]. - The company will provide written explanations within 10 working days if any shareholder raises concerns about potential competition[163]. - The company will cease any competitive activities within 30 working days if deemed necessary by the board[163]. - The company will compensate for any economic losses incurred by the issuer due to violations of these commitments[163]. - The company has not faced any bankruptcy reorganization issues during the reporting period[182].