编号：2022-011 证券代码：300666 证券简称：江丰电子 债券代码：123123 债券简称：江丰转债 宁波江丰电子材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------|------------------------------------------------------------| | 投资者关系 \n活动类别 | ■特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 \n□现场参观 \n■其他 （电话会议） | □路演活动 | | | 线上参会投资机构： | | | | | 百年资管、宝盈基金、保银资本、鲍尔太平有限公司、碧云资本、 | | | | 滨江香港、博时基金、财通基金、常春藤资本、创金合信基金、 | | | | 淳厚基金、淡水泉投资、道仁资产、东方阿尔法、东方基金、东 | | ...

编号：2022-013 证券代码：300666 证券简称：江丰电子 债券代码：123123 债券简称：江丰转债 宁波江丰电子材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------|----------------------------------------------------------------| | 投资者关系 \n活动类别 | ■特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 \n□现场参观 \n■其他 （电话会议） | □路演活动 | | | 线上参会投资机构： | | | | | 中国国际金融股份有限公司、中信保诚基金管理有限公司、万家 | | | | 基金管理有限公司、同泰基金管理有限公司、上海煜德投资管理 | | 参与单位名称及 | | 中心（有限合伙）、上海景林资产管理有限公司 ...

证券代码：300666 证券简称：江丰电子 债券代码：123123 债券简称：江丰转债 编号：2022-012 宁波江丰电子材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | ■特定对象调研 □分析师会议 \n□媒体采访 □业绩说明会 \n□新闻发布会 \n□现场参观 \n■其他 （电话会议） | □路演活动 | | | 线上参会投资机构： 银河证券、天弘基金、泰康养老、 | China ...

编号：2022-014 证券代码：300666 证券简称：江丰电子 债券代码：123123 债券简称：江丰转债 宁波江丰电子材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | ■特定对象调研 □分析师会议 | | | | □媒体采访 □业绩说明会 | | 投资者关系 | □新闻发布会 | □路演活动 | | 活动类别 | ■现场参观 | | | | □其他 | | | | | 参会投资机构：瀚川投资、申万宏源、源乐晟资产、太平资 | | | ...

Financial Performance - The company's revenue for Q3 2022 reached ¥599,007,940.84, representing a 49.72% increase compared to the same period last year[5]. - Net profit attributable to shareholders was ¥67,873,642.47, a significant increase of 96.06% year-over-year[5]. - The net profit after deducting non-recurring gains and losses was ¥72,641,214.96, reflecting a 153.88% increase compared to the previous year[5]. - The company reported a 50.01% increase in total revenue for the year-to-date, totaling ¥1,685,302,196.37[14]. - Total operating revenue for the period reached ¥1,685,302,196.37, a significant increase from ¥1,123,427,970.19 in the previous period, representing a growth of approximately 50%[56]. - Net profit attributable to shareholders of the parent company was ¥223,246,830.58, compared to ¥95,254,660.50 in the same period last year, marking an increase of about 134%[60]. - The company reported a comprehensive income total of ¥214,085,488.04, compared to ¥88,165,443.69 in the previous period, reflecting a growth of approximately 142.5%[60]. - The diluted earnings per share for the period was ¥0.96, compared to ¥0.44 in the previous period, representing a growth of about 118%[62]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,528,371,557.39, up 90.54% from the end of the previous year[5]. - The company's total equity rose to ¥3,651,472,346.17, up from ¥1,465,789,582.24, indicating a growth of around 148%[55]. - The total liabilities increased to ¥1,876,899,211.22 from ¥1,435,646,758.13, reflecting a growth of approximately 30.8%[54]. - The company's long-term equity investments increased to 205,909,086.51 RMB from 116,982,512.05 RMB, showing a growth of approximately 76%[49]. - The total number of shares held by major shareholders includes 4,574,523 shares held by Shanghai Zhidin Boneng Investment Partnership and 3,023,093 shares held by Shanghai Zhixing Bohui Investment Partnership, totaling 8,340,641 shares[26]. Cash Flow - Cash and cash equivalents reached ¥2,009,468,186.65, showing a substantial increase of 316.82% due to funds raised from issuing shares[13]. - The cash flow from financing activities saw a dramatic increase of 2,496.90% to ¥1,936,852,710.81, primarily due to the issuance of restricted stock and stock options[17]. - The cash flow from operating activities was not detailed in the provided data, but it is essential for assessing liquidity and operational efficiency[63]. - Net cash flow from operating activities was negative at CNY -24,162,946.66, compared to a positive CNY 104,646,698.68 in the prior period[64]. - Financing cash inflow surged to CNY 3,259,327,241.82, compared to CNY 1,546,814,314.34 in the previous period, marking a 110% increase[67]. - The ending cash and cash equivalents balance increased to CNY 2,002,946,777.00, compared to CNY 797,601,583.71 at the end of the previous period[67]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,074, with the largest shareholder holding 22.18%[18]. - As of the end of the reporting period, Mr. Yao Lijun's pledged shares amounted to 23,277,200 shares, with 705,882 new shares subscribed during the reporting period[27]. - The total number of restricted shares held by Mr. Yao Lijun at the end of the period is 42,764,051 shares, with no shares released from restriction during the reporting period[27]. - The company has a commitment that during Mr. Yao Lijun's tenure as a director, he can only transfer up to 25% of his total shares each year[27]. - The company has a policy that major shareholders must adhere to a 25% annual transfer limit on their shares during their tenure as directors or senior management[30]. Investment and Development - The company is actively involved in various investment partnerships, including those with Ningbo Haibang Talent Venture Capital Partnership and Ningbo Jiangfeng Biological Information Technology Co., Ltd.[26]. - The company plans to expand its market presence and enhance product development in the upcoming quarters[42]. - Research and development expenses for the period were ¥83,048,712.88, compared to ¥71,894,860.73 in the previous period, showing an increase of about 15.5%[60]. Stock Issuance - The company granted 3,106,000 restricted shares under the second equity incentive plan, which were listed on the Shenzhen Stock Exchange on March 18, 2022, with a 12-month lock-up period[33]. - The company issued 882,352 new shares to Jin Xin Fund Management Co., Ltd., with a lock-up period of 6 months starting from October 10, 2022, and these shares are expected to be released on April 10, 2023[33]. - The company issued 19,394,117 shares at a price of 85.00 RMB per share, raising a total of 1,648,499,945.00 RMB, with a net amount of 1,628,686,365.87 RMB after deducting issuance costs[40].

Financial Performance - The company reported a revenue of 1.2 billion yuan for the first half of 2022, representing a year-on-year increase of 15%[1] - The gross profit margin for the first half of 2022 was 30%, compared to 28% in the same period last year[1] - The company's revenue for the first half of 2022 reached RMB 1,086,294,255.53, representing a 50.18% increase compared to RMB 723,341,918.15 in the same period last year[38] - Net profit attributable to shareholders was RMB 155,373,188.11, a significant increase of 156.24% from RMB 60,635,889.26 in the previous year[38] - The net profit after deducting non-recurring gains and losses was RMB 113,199,108.33, up 181.49% from RMB 40,214,451.79 year-on-year[38] - The basic earnings per share increased to RMB 0.67, a rise of 148.15% compared to RMB 0.27 in the same period last year[38] - The company's operating revenue for the reporting period reached ¥1,086,294,255.53, a 50.18% increase compared to ¥723,341,918.15 in the same period last year, driven by the expanding market share of ultra-pure metal sputtering targets and accelerated component release[103] Investment and R&D - The company plans to invest 200 million yuan in R&D for new semiconductor materials in the upcoming year[1] - The company increased its R&D investment to CNY 59.93 million, a year-on-year increase of CNY 14.82 million, representing a growth of 32.86%, accounting for 5.52% of operating revenue[81] - As of June 30, 2022, the company and its subsidiaries had obtained a total of 527 valid domestic patents, including 308 invention patents and 219 utility model patents[90] - The company is focused on maintaining a competitive edge through technological barriers and pricing strategies against international competitors[156] - The company plans to maintain a focus on R&D for new products and technologies in the semiconductor materials sector[162] Market Expansion and Strategy - The company has expanded its market presence in Southeast Asia, achieving a 10% market share in the region[1] - A new product line for high-performance electronic materials is expected to launch in Q4 2022, projected to contribute an additional 300 million yuan in revenue[1] - The company aims to enhance its market development and customer service capabilities to become a "world-class semiconductor materials enterprise"[75] - The company is actively pursuing capacity expansion in semiconductor target materials and flat panel display targets, with funding from convertible bonds and private placements[160] - The company is exploring the development of new products, including ITO target materials, and is assessing the challenges in manufacturing components[155] Supply Chain and Production - Risks related to supply chain disruptions have been identified, with strategies in place to mitigate these impacts[1] - The company has established stable supply channels for raw materials and maintains long-term strategic partnerships with key suppliers[69] - The company has established three production bases in Ningbo Yuyao, Shanghai Fengxian, and Shenyang Shenbei, equipped with a complete production system for semiconductor components[80] - The company has successfully built and put into operation multiple automated production and testing lines, significantly improving production efficiency and product quality stability[83] Financial Management and Governance - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[1] - The company did not pay any preferred stock dividends or interest on perpetual bonds during the reporting period[38] - The company has confirmed that there are no issues with the timely, truthful, accurate, and complete disclosure of information regarding the raised funds[127] - The company emphasizes the protection of shareholder and creditor rights, ensuring compliance with relevant laws and regulations to enhance corporate governance and investor relations[198] Risks and Challenges - The company faces risks in new product development due to the high costs and long cycles associated with metal sputtering targets, but has accumulated significant experience and technology reserves to mitigate these risks[142] - Market promotion risks exist for new products due to strict supplier certification processes in the semiconductor industry, which may affect customer acceptance[145] - The semiconductor industry is subject to cyclical fluctuations, and the company's performance may be impacted by downturns in the industry; however, the company plans to increase investment in technology and market development[146] - Currency exchange rate fluctuations pose a risk to the company's profitability, as a significant portion of sales is denominated in foreign currencies[149] Employee and Shareholder Relations - The company has implemented a stock option incentive plan, granting 17.2 million stock options to 201 key personnel, representing 6.76% of the total share capital[171] - The company is committed to employee rights protection, focusing on personal development and value realization for all employees[199]

Financial Performance - The company's operating revenue for Q1 2022 was ¥489,657,648.29, representing a 54.29% increase compared to ¥317,366,474.99 in the same period last year[6] - Net profit attributable to shareholders was ¥33,443,542.09, a 90.15% increase from ¥17,588,163.03 year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥42,359,725.83, up 94.75% from ¥21,750,687.27 in the previous year[6] - Basic earnings per share rose to ¥0.14, a 75.00% increase from ¥0.08 in the same period last year[6] - Operating profit for the quarter was ¥33,659,411.73, representing a 68.5% increase from ¥19,997,100.65 in the previous year[43] - Net profit before tax was ¥33,692,576.74, compared to ¥20,198,381.65 in the same quarter last year, reflecting a growth of 66.5%[43] - The net profit attributable to the parent company was 33,443,542.09, an increase from 17,588,163.03 in the previous period, representing a growth of approximately 90.1%[46] - The total comprehensive income attributable to the parent company was 32,799,475.75, compared to 17,936,586.58 in the previous period, indicating an increase of about 82.7%[46] Assets and Liabilities - The company's total assets increased by 12.00% to ¥3,249,644,576.10 from ¥2,901,436,340.37 at the end of the previous year[6] - Total liabilities rose to ¥1,617,228,174.75, compared to ¥1,435,646,758.13, indicating an increase of 12.6%[38] - The company's equity attributable to shareholders reached ¥1,632,096,346.06, up from ¥1,456,712,178.89, reflecting a growth of 12%[38] Cash Flow - Cash flow from operating activities was negative at -¥67,199,248.42, worsening by 129.88% compared to -¥29,232,209.69 in the previous year[6] - Cash inflow from operating activities was 496,579,082.81, up from 287,629,159.77, marking an increase of approximately 72.7%[50] - Cash outflow from operating activities totaled 563,778,331.23, compared to 316,861,369.46 in the previous period, resulting in a net cash flow from operating activities of -67,199,248.42, worsening from -29,232,209.69[50] - Cash inflow from financing activities was 634,014,002.72, compared to 594,355,938.33, showing an increase of about 6.7%[53] - The net cash flow from financing activities improved to 300,442,981.78 from 190,563,389.55, indicating a growth of approximately 57.7%[53] - The ending balance of cash and cash equivalents was 616,162,762.33, up from 358,004,363.24, representing an increase of about 72.2%[53] Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,113, with the top 10 shareholders holding a combined 42.20% of shares[13] - Yao Lijun, a natural person, holds 24.20% of shares, with 56,059,842 shares, of which 42,058,169 are pledged[13] - Ningbo Baierke Management Consulting Co., Ltd. holds 4.96% of shares, totaling 11,487,303 shares, with 8,615,477 shares pledged[13] - The top 10 unrestricted shareholders hold a total of 42,001,673 shares, with Yao Lijun holding 14,001,673 shares[18] - At the end of the reporting period, Yao Lijun's pledged shares total 23,667,200[19] - Ningbo Baierke Management Consulting Co., Ltd. has pledged a total of 4,960,000 shares[20] - The number of restricted shares held by Yao Lijun at the beginning of the period was 46,119,032, with 4,060,863 shares released during the period[21] - The total number of shares held by executives is subject to a transfer limit of 25% during their tenure, ensuring stability in shareholding[24] Operational Highlights - The company reported a significant increase in sales revenue, which led to a corresponding increase in operating costs, with costs rising by 54.19% to ¥342,948,850.93[12] - Financial expenses surged by 443.24% to ¥12,489,614.05, primarily due to interest accrual on convertible bonds[12] - Cash received from sales increased by 74.65% to ¥481,568,053.07, reflecting sustained sales growth[12] - The company completed a significant capital increase, receiving cash from investments amounting to ¥124,225,997.96, a 1776.25% increase compared to the previous year[12] - Research and development expenses for the quarter were ¥27,036,780.87, an increase of 28% from ¥21,136,063.32 year-on-year[43] - The company plans to expand its production capacity for high-purity metal targets used in integrated circuits, enhancing its market share in the semiconductor industry[30] - The company aims to build large-scale production lines for high-purity aluminum, titanium, tantalum, and copper targets in Zhejiang, further solidifying its manufacturing base[30] - The company has established a certain level of international competitiveness in the semiconductor target material sector, positioning itself to capitalize on domestic substitution opportunities[30] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] Regulatory Engagement - The company received an inquiry letter from the Shenzhen Stock Exchange regarding its plan to issue shares to specific targets, indicating ongoing regulatory engagement[30] Other Financial Metrics - The company reported a total revenue of 11,459,625, with a net profit of 2,844,148, indicating a strong performance in the current financial period[24] - The company's cash and cash equivalents increased to 617,412,859.72 from 482,097,307.06, reflecting a growth of approximately 28%[31] - Accounts receivable rose to 402,040,033.21 from 360,948,758.83, showing an increase of about 11%[31] - Inventory levels increased to 683,017,138.67 from 588,668,713.55, representing a growth of approximately 16%[31] - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of -644,066.34 compared to 348,423.55 in the previous period[46] - The company experienced a net loss attributable to minority shareholders of -4,103,146.80, worsening from -1,995,799.02 in the previous period[46]

Financial Performance - The company's operating revenue for 2021 was CNY 1,593,912,652.91, representing a 36.64% increase compared to CNY 1,166,542,634.09 in 2020[37]. - The net profit attributable to shareholders for 2021 was CNY 106,626,738.28, a decrease of 27.55% from CNY 147,168,583.70 in 2020[37]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 76,171,693.93, which is a 25.59% increase from CNY 60,649,625.47 in 2020[37]. - The net cash flow from operating activities for 2021 was CNY 102,906,718.42, a significant increase of 325.96% compared to a negative cash flow of CNY -45,541,005.28 in 2020[37]. - The total assets at the end of 2021 were CNY 2,901,436,340.37, which is a 22.35% increase from CNY 2,371,502,811.46 at the end of 2020[37]. - The diluted earnings per share for 2021 was CNY 0.47, down 28.79% from CNY 0.66 in 2020[37]. - The weighted average return on net assets for 2021 was 8.77%, a decrease of 8.38% from 17.15% in 2020[37]. - Total revenue for the fourth quarter reached ¥470,484,682.72, marking a significant increase compared to previous quarters[41]. - The net profit attributable to shareholders for the fourth quarter was ¥11,372,077.78, a decrease from the previous quarter's ¥34,618,771.24[41]. - The net cash flow from operating activities for the fourth quarter was negative at ¥-1,739,980.26, contrasting with positive cash flows in the second and third quarters[41]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan (including tax) for every 10 shares, with no bonus shares issued[7]. - The total number of shares eligible for the dividend distribution is 227,621,934 shares[7]. Industry Position and Market Trends - The company operates in the high-purity metal sputtering target industry, which is classified under the computer, communication, and other electronic equipment manufacturing sector[54]. - The industry is supported by national policies aimed at fostering the development of strategic emerging industries, including high-purity sputtering targets[56]. - The market for semiconductor sputtering targets is expected to grow in line with the rapid expansion of the global semiconductor industry and wafer production capacity[63]. - The company has become a supplier for major semiconductor manufacturers such as TSMC, SK Hynix, and SMIC, indicating its competitive position in the semiconductor industry[66]. - The company is positioned to benefit from the domestic production trend in the flat panel display industry, with significant potential for import substitution[64]. Research and Development - Research and development investment amounted to RMB 98.26 million, a 33.13% increase year-on-year, accounting for 6.16% of operating revenue[98]. - The company has established a diversified product R&D system centered on high-purity sputtering targets for semiconductor chips, with additional developments for LCDs and solar cells[108]. - The company has a strong technical team with extensive industry experience, including members with over ten years in the field, enhancing its R&D capabilities[107]. - The company is actively involved in national high-tech research projects, contributing to the development of key materials in the semiconductor sector[66]. - The company has been actively increasing R&D investment to ensure product innovation and technological leadership, breaking the reliance on imports in the domestic high-purity sputtering target market[108]. Production and Supply Chain - The company specializes in the research, production, and sales of ultra-pure metal sputtering targets and key components for semiconductor equipment, including aluminum, titanium, tantalum, and copper targets[75]. - The production model is customized based on the unique technical requirements of world-class chip manufacturers, focusing on "small batch, multiple varieties" production[87]. - The company has established stable supply channels for raw materials and maintains long-term strategic partnerships with key suppliers[86]. - The company has successfully broken the monopoly of American and Japanese multinational companies in the ultra-pure metal target market, filling a gap in the domestic electronic materials industry[75]. - The company is in the mass production stage for advanced Ta sputtering targets, aiming to break foreign monopolies and establish a fully autonomous supply chain[142]. Financial Management and Fundraising - The total cash inflow from financing activities in 2021 was ¥1,666,158,737.36, an increase of 11.77% compared to 2020[152]. - The company issued convertible bonds, resulting in an increase in payable bonds by 11.97% to CNY 347,161,298.87[159]. - The company raised a total of RMB 25,376.16 million from its initial public offering, with a net amount of RMB 21,211.78 million after deducting fees[171]. - The company has no issues with the timely, truthful, accurate, and complete disclosure of information regarding the raised funds[192]. - The company has strictly managed the use of raised funds according to regulations, ensuring project quality and resource allocation[189]. Customer Relationships and Sales - The total sales amount from the top five customers reached ¥636,055,536.97, accounting for 39.91% of the annual total sales[138]. - The total procurement amount from the top five suppliers was ¥591,971,405.04, representing 52.04% of the annual total procurement[138]. - The company has established stable supply relationships with major clients such as SMIC, TSMC, and BOE, which helps in sharing the vast market in the downstream applications of high-purity sputtering targets[119]. Challenges and Risks - The company emphasizes the importance of risk awareness for investors regarding future operational challenges[7]. - The company faces high customer certification barriers, requiring rigorous quality management and performance standards to become a qualified supplier[69]. - The company has faced delays in project implementation due to the pandemic, affecting the installation of imported equipment, but projects are expected to gradually ramp up based on sales orders and customer certifications[186].

证券代码：300666 证券简称：江丰电子 公告编号：2021-130 债券代码：123123 债券简称：江丰转债 宁波江丰电子材料股份有限公司 | --- | --- | |------------------------------------------------------------------|--------------------------------| | 关于参加"宁波辖区 2021 日主题活动"的公告 | 年度上市公司投资者网上集体接待 | | 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。 | | 为进一步加强公司与投资者特别是中小投资者的沟通交流，增强公司的透明 度，提升公司治理水平，促进公司规范运作，宁波江丰电子材料股份有限公司（以 下简称"公司"）将参加由宁波证监局指导、宁波上市公司协会联合深圳市全景 网络有限公司共同举办的"心系投资者 携手共行动"——宁波辖区 2021 年度投 资者网上集体接待日主题活动。活动于 2021 年 11 月 18 日下午 15：00-17：00 举行，平台登陆地址为：http://r ...

Financial Performance - The company's revenue for Q3 2021 reached ¥400,086,052.04, representing a 28.23% increase year-over-year, while the year-to-date revenue was ¥1,123,427,970.19, up 32.93% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥28,612,562.61, a 21.21% increase year-over-year, with a year-to-date net profit of ¥68,827,014.40, reflecting a 15.94% increase[4] - Total operating revenue for the third quarter reached ¥1,123,427,970.19, an increase of 33% compared to ¥845,122,931.73 in the same period last year[38] - Net profit attributable to the parent company was ¥408,202,378.85, compared to ¥343,466,945.99 in the previous year, representing an increase of approximately 19%[37] - The total profit for the current period is 97,597,922.78, down from 121,405,120.52, reflecting a decline of 19.6%[41] - The total comprehensive income for the current period is 88,165,443.69, down from 107,951,706.87, indicating a decrease of 18.4%[44] Cash Flow and Liquidity - The company's cash flow from operating activities for the year-to-date period was ¥104,646,698.68, showing a significant increase of 209.45%[4] - The net cash flow from operating activities increased by 209.45% to ¥104,646,698.68, primarily due to reduced inventory levels compared to the previous year[14] - The cash received from financing activities decreased by 61.39% to ¥74,583,221.46, primarily due to a reduction in employee stock option exercises[14] - The net cash flow from financing activities increased by 41.21% to ¥526,753,508.34, mainly due to the successful issuance of convertible bonds[14] - The net increase in cash and cash equivalents was ¥391,893,297.73, a significant increase of 1366.33%, driven by the successful issuance of convertible bonds and improved operating cash flow[14] - The company reported a cash and cash equivalents balance of 797,601,583.71 at the end of the period, compared to 217,902,789.45 at the end of the previous period, showing a substantial increase[48] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥3,180,089,890.99, a 34.10% increase from the end of the previous year[4] - The total assets of the company increased to ¥3,180,089,890.99 from ¥2,371,502,811.46, marking a growth of about 34%[37] - Current liabilities totaled ¥1,105,793,951.50, slightly up from ¥1,082,185,837.21, indicating a 2% increase[34] - Non-current liabilities rose significantly to ¥672,848,692.49 from ¥199,181,609.67, reflecting a growth of approximately 237%[34] - The total liabilities increased to CNY 1,340,238,557.04, reflecting an adjustment of CNY 58,871,110.16[58] Research and Development - The company reported a 43.74% increase in R&D expenses, totaling ¥71,894,860.73, indicating a commitment to enhancing technological development[10] - The company reported a research and development expenditure of ¥71.89 million, accounting for 6.40% of its operating revenue, representing a year-on-year increase of 43.74%[25][27] - Research and development expenses for the quarter were ¥71,894,860.73, compared to ¥50,015,739.35 in the previous year, showing a 44% increase[38] - The company has filed for 10 new invention patents in the third quarter of 2021, further strengthening its innovation capabilities[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,815, with the top ten shareholders holding a combined 39.69%[15] - Yao Lijun, a natural person, holds 24.69% of the shares, amounting to 56,059,842 shares, with 46,119,032 shares under pledge[15] - The total number of shares pledged by major shareholders includes 25.81 million shares by Yao Lijun and 5.80 million shares by Ningbo Bayerke Management Consulting Co., Ltd.[23] Market and Competitive Position - The company is focused on expanding its market presence and enhancing product quality through continuous technological innovation and patent acquisition[27] - The company is actively pursuing new strategies for market expansion and product development to maintain its competitive edge in the semiconductor materials sector[27] Other Financial Metrics - Basic earnings per share for Q3 2021 decreased by 51.61% to ¥0.15, while diluted earnings per share decreased by 45.16% to ¥0.17[4] - The company experienced a 58.82% decrease in taxes paid, totaling ¥12,558,895.62, due to reduced corporate income tax payments[14] - The cash paid for debt repayment increased by 51.92% to ¥952,782,059.14, reflecting higher bank loan repayments during the reporting period[14] - The company reported a financial expense of ¥29,550,626.73, which includes interest expenses of ¥33,848,921.16, up from ¥15,012,754.63 last year[38]