Financial Performance - The company's operating revenue for 2022 was ¥694,831,276.76, representing a 13.84% increase compared to ¥610,367,634.70 in 2021[20]. - The net profit attributable to shareholders for 2022 decreased by 20.25% to ¥14,083,603.32 from ¥17,660,778.48 in 2021[20]. - The net profit after deducting non-recurring gains and losses was ¥6,834,114.97, down 36.36% from ¥10,739,359.81 in 2021[20]. - The net cash flow from operating activities was negative at -¥7,534,368.23, a decline of 123.68% compared to ¥31,818,192.18 in 2021[20]. - The total assets at the end of 2022 were ¥1,422,054,432.23, an increase of 12.55% from ¥1,263,540,067.03 at the end of 2021[20]. - The net assets attributable to shareholders decreased slightly by 0.37% to ¥741,360,328.07 from ¥744,083,390.77 at the end of 2021[20]. - In Q4 2022, the operating revenue was ¥197,224,819.08, with a net profit attributable to shareholders of -¥2,098,687.00[22]. - The company reported a total of ¥7,249,488.35 in non-recurring gains for 2022, compared to ¥6,921,418.67 in 2021[26]. Project Updates - The "Flat Panel Display Sputtering Target Material Construction Project" has completed its fundraising and is currently in the capacity utilization ramp-up phase[5]. - The "Ultra High Definition Display Copper Target Material Industrialization Construction Project" is still under construction[5]. - The "Aluminum Scandium Target Material and Molybdenum Target Material R&D Project" has been terminated for funding due to insufficient fundraising, with a focus on reallocating funds to the "Ultra-High Definition Display Copper Target Material" project[84]. - The company has completed the acquisition of 100% equity in Fujian Dingling New Materials Co., Ltd., expanding its operational scope[50]. Market Strategy - The company plans to enhance market research efforts to adapt production to downstream market demand and explore potential markets[5]. - The company aims to expand its application scenarios in the PVD materials market, which has become increasingly competitive[33]. - The company is focusing on expanding its international market presence for its molybdenum products, which is expected to strengthen its market position[59]. - The company is actively exploring potential mergers and acquisitions to enhance its market position and operational efficiency[125]. Research and Development - The company is developing new high-purity copper and aluminum target materials to enhance profitability and market competitiveness in the semiconductor industry[57]. - The company aims to develop high infrared transmittance silicon targets with purity greater than 99.99% and infrared transmittance over 94%[57]. - The company is developing new products such as molybdenum-tungsten alloy targets and aluminum-nd alloy targets for Micro-LED and semiconductor applications, enhancing its product portfolio[59]. - The company plans to enhance production efficiency and reduce costs through new equipment and process improvements for precision optical materials[57]. Human Resources and Management - The company has implemented measures to improve human resource management efficiency and enhance the sense of belonging among management and technical personnel[7]. - The company is focusing on the introduction of high-end overseas talent, including R&D personnel, marketing staff, and management, to enhance its core competitiveness[100]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring equal treatment of all shareholders, especially minority shareholders[104]. - The company has implemented a performance-based salary system to enhance employee motivation and align with business goals[151]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements and effective governance[106]. - The company has maintained independence from its controlling shareholder, ensuring no interference in its operational activities[105]. - The company has established a comprehensive internal control system to monitor financial and operational activities, ensuring transparency and accountability[144]. - The company has a dedicated audit committee responsible for overseeing internal and external audits, ensuring effective supervision of management by the board[177]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions during the reporting period, with no administrative penalties related to environmental issues reported[189]. - The company has established an emergency response plan for sudden environmental incidents and conducted regular drills to enhance response capabilities[188]. - The company emphasizes employee rights protection, adhering to labor laws and ensuring all employees receive social insurance and housing fund contributions[192]. - The company has actively engaged shareholders through online voting and performance briefings, ensuring transparency and communication[191]. Financial Management - The company has implemented strict controls over fundraising management, ensuring compliance with relevant laws and regulations, with no violations reported in 2022[176]. - The company has established a comprehensive financial budget management system to ensure effective budget control over daily operations[175]. - The company reported a total cash dividend of RMB 1,528,524.99, which represents 100% of the distributable profit for the year[158]. - The cash dividend distribution plan was approved based on a total share capital of 152,852,499 shares, with a dividend of RMB 0.10 per 10 shares[158].

编号：2022-002 证券代码：300706 证券简称：阿石创 福建阿石创新材料股份有限公司 6 月 30 日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 | | 投资者关系活动 | □业绩说明会 | □新闻发布会 □路演活动 | | 类别 | □现场参观 | ☑ 其他（ 电话会议 ） | | 参与单位名称 | 深圳市纵贯资本管理有限公司 | | | 及人员姓名 | | | | 时间 | 2022年6月30 日下午 | 15:30-16:30 | | 地点 | 电话会议 | | | 公司接待人员 姓名 | 副总经理、董事会秘书（代） | 姚兴存先生 | | | | 一、对公司行业的基本情况进行介绍，主要是生 | | | 产环节和应用环节 | | | | 二、互动交流 | | | 投资者关系活动 | Q1: | 从行业划分，说明一下公司各产品的具体产 ...

编号：2022-006 证券代码：300706 证券简称：阿石创 福建阿石创新材料股份有限公司 2022 年 11 月 10 日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 | | 投资者关系活 | □业绩说明会 | | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | ☑ 其他（电话会议） | | 参与单位名称 | 中信证券 王 | | | | 及人员姓名 | 东方证券 | 唐 | | | | 华福证券 陈栎熙 | | | | 时间 | | | 2022年11月10日上午10:00-11:30 | | | 地点 公司会议室 | | | | 公司接待人员 姓名 | 证券事务代表 谢文武 | | 副总经理、董事会秘书 姚兴存 | | | | | 一、对公司及行业的基本情况进行介绍 | | | 二、互动交流 | ...

编号：2022-004 证券代码：300706 证券简称：阿石创 福建阿石创新材料股份有限公司 2022 年 10 月 13 日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 | | | 投资者关系活 | □业绩说明会 | □新闻发布会 □路演活动 | | | 动类别 | ☑ 现场参观 | □其他（ ） | | | | 福建泽源资产管理有限公司 杨延顺 曾洁 | | | | | 平潭方略资产管理有限公司 胡林灵 林畅冉 袁昊 陈欣龙 | | | | | 福建昊天投资管理有限公司 张为东 周启昕 | | | | | 福州开发区青花资产管理有限公司 陈海新 | | | | | 鑫洋（泉州）私募基金管理有限公司 江洪达 | | | | | | | | | 参与单位名称 | 福州暴风眼投 ...

编号：2022-003 证券代码：300706 证券简称：阿石创 福建阿石创新材料股份有限公司 2022 年 9 月 7 日投资者关系活动记录表 | --- | --- | --- | |-----------------------|-------------------------------------------------------------------|--------------------------------------| | 投资者关系活 \n动类别 | □特定对象调研 \n□业绩说明会 □新闻发布会 \n☑ 现场参观 □其他（ ） | □分析师会议 □媒体采访 \n □路演活动 | | 参与单位名称 | 国联证券 贺朝晖、万盛 | | | 及人员姓名 | | | | 时间 | 2022年9月7 日下午 | | | | 地点 公司会议室 | | | 公司接待人员 姓名 | 副总经理、董事会秘书 | 姚兴存先生 | | | Q1: 公司所属 PVD | 镀膜行业的基本情况。 | | | 物理气相沉积（ | ）为真空镀膜技术的一个 | | 投资者关系活 | 分支路线，相较于传统的电镀、化 ...

编号：2022-005 证券代码：300706 证券简称：阿石创 福建阿石创新材料股份有限公司 2022 年 10 月 31 日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 | | | 投资者关系活 | □业绩说明会 | □新闻发布会 □路演活动 | | | 动类别 | □现场参观 | ☑ 其他（电话会议） | | | 参与单位名称 | 兴业证券 仇文妍 | | | | 及人员姓名 | 交银基金 杨茉然 | | | | | 光大证券 贺 根 | | | | 时间 | 2022年10月31 | 日上午 14:00-15:00 | | | | 地点 公司会议室 | | | | 公司接待人员 姓名 | 证券事务代表 谢文武 | 副总经理、董事会秘书 姚兴存 | | | | | 一、投资者互动交流 | | | | ...

Financial Performance - The company's operating revenue for the reporting period was CNY 336,086,611.68, representing a 39.41% increase compared to CNY 241,070,312.29 in the same period last year[25]. - Net profit attributable to shareholders was CNY 12,097,722.19, a 100.96% increase from CNY 6,019,980.31 year-on-year[25]. - The net profit after deducting non-recurring gains and losses was CNY 8,889,542.74, up 142.72% from CNY 3,662,519.26 in the previous year[25]. - The company's total assets increased by 3.63% to CNY 1,309,361,319.35 from CNY 1,263,540,067.03 at the end of the previous year[25]. - The net cash flow from operating activities was negative at CNY -25,933,082.37, a decline of 154.99% compared to CNY 47,162,718.26 in the same period last year[25]. - The company achieved a revenue of CNY 336.09 million in the first half of 2022, representing a year-on-year growth of 39.41%[39]. - The gross margin for sputtering targets increased to 20.81%, with a revenue growth of 5.73% compared to the previous year[41]. - The revenue from evaporation materials surged by 137.91%, although the gross margin decreased by 14.61%[41]. - The company reported a net profit of RMB 10,972,936 for the reporting period[72]. - The company reported a total comprehensive income of CNY 13,101,426.15 for the first half of 2022, compared to CNY 9,534,537.12 in the same period of 2021[159]. - The company reported a total revenue of CNY 356,894,791.17 from sales of goods and services, an increase from CNY 267,621,719.16 in the previous year[165]. Investment and Development - The company reported a significant increase in production capacity with the completion of the "Flat Panel Display Sputtering Target Material Construction Project," although the release of capacity remains uncertain[5]. - The "Ultra High Definition Display Copper Target Material Industrialization Construction Project" is still under development, indicating ongoing investment in production capabilities[5]. - The company aims to accelerate the construction progress of fundraising projects to reduce the integration period for new equipment and technologies[5]. - The company has developed over 200 high-end coating materials, covering multiple fields including optics, photovoltaics, semiconductors, and flat panel displays[37]. - The company is focusing on diversifying PVD coating technology applications, with projects in lithium battery materials and pearl powder production underway[42]. - The company completed the acquisition of 100% equity in Fujian Dingling New Materials Co., Ltd. for approximately RMB 54.35 million[56]. - The company has approved an investment project for a new vanadium alloy material with an annual production capacity of 4,000 tons[114]. - The company plans to enhance its production capabilities in the sputtering target segment by focusing on upstream processes, particularly in the smelting phase[39]. - Research and development expenses increased by 17.73% to CNY 12.59 million, indicating a commitment to innovation[46]. Market Strategy - There is a strong emphasis on market research to adapt production to changing market demands and to explore new application scenarios for products[6]. - The company is actively developing downstream markets and diversifying its product offerings to strengthen market presence[6]. - The company acknowledges the challenges posed by market competition and industry developments, which could impact future performance[5]. - The company is strategically expanding its application scenarios for PVD materials in response to increasing market competition[36]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[158]. Corporate Governance and Risk Management - The company plans to enhance its operational management system and improve corporate governance to mitigate risks associated with performance fluctuations[5]. - The company is addressing risks related to technology confidentiality and talent retention by improving management systems and enhancing corporate culture[7]. - The company is committed to maintaining a high-quality talent pool to support its core technologies and innovation capabilities[7]. - The company actively protects shareholder and creditor rights, ensuring timely and fair information disclosure[84]. - The company has maintained a stable financial policy, with no instances of major shareholders or related parties misusing company funds during the reporting period[90]. - The company has not reported any significant changes in project feasibility or expected benefits[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 26,767[135]. - The largest shareholder, Chen Qinzong, holds 33.44% of the shares, totaling 51,111,000 shares[135]. - The total number of restricted shares at the end of the period was 0, indicating complete release of previously restricted shares[128]. - The company’s shareholders include major stakeholders with specific reduction commitments, limiting annual reductions to 25% of their holdings[120]. - The company has not reported any share buyback or repurchase progress in the recent period[124]. Financial Position - The company's total current assets reached CNY 688,731,509.48, compared to CNY 660,770,165.21 at the start of the year, indicating an increase of about 4.2%[152]. - The total liabilities increased to CNY 550,580,414.79 from CNY 462,082,150.58, representing a rise of approximately 19.1%[153]. - The company's cash and cash equivalents decreased to CNY 179,311,272.70 from CNY 197,339,071.48, a decline of about 9.5%[151]. - The company's short-term borrowings rose to CNY 374,538,948.53 from CNY 241,526,839.81, reflecting an increase of about 55.1%[152]. - The total equity attributable to the owners of the parent company decreased slightly to CNY 738,604,911.05 from CNY 744,083,390.77, a decrease of approximately 0.7%[153]. - The total equity at the end of the reporting period is CNY 754,411,732.53, slightly up from CNY 753,006,435.70 in the previous year[158]. Compliance and Reporting - The financial report was approved by the company's board of directors on August 29, 2022[186]. - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission for financial reporting[187]. - The company operates under the accrual basis of accounting, with historical cost as the measurement basis for most assets[187]. - The company is listed on the Shenzhen Stock Exchange with the stock code 300706[184].

Financial Performance - The company's revenue for Q1 2022 was CNY 177,667,848.31, representing an increase of 82.78% compared to CNY 97,201,877.52 in the same period last year[3] - Net profit attributable to shareholders reached CNY 5,925,196.69, a significant increase of 409.65% from CNY 1,162,606.08 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 3,467,334.22, up 9,921.75% from CNY 34,598.09 in the previous year[3] - The company's basic earnings per share increased to CNY 0.04, a rise of 300% compared to CNY 0.01 in the same quarter last year[3] - The company reported a comprehensive income total of ¥5,150,764.51 for Q1 2022, compared to ¥2,386,400.45 in Q1 2021, indicating a growth of 115.5%[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,254,548,875.11, a decrease of 0.71% from CNY 1,263,540,067.03 at the end of the previous year[3] - The company's total liabilities increased to ¥502,190,107.20 in Q1 2022, compared to ¥462,082,150.58 in Q1 2021, reflecting a growth of 8.3%[23] - Total equity attributable to shareholders decreased to ¥733,257,442.08 from ¥744,083,390.77, a decline of 1.3% year-over-year[23] - The company's non-current assets totaled CNY 601,365,983.57, slightly down from CNY 602,769,901.82 at the beginning of the year[21] Cash Flow - The net cash flow from operating activities was negative at CNY -13,448,861.17, worsening by 303.67% compared to CNY -3,331,626.34 in the same period last year[8] - Total cash inflow from operating activities was 187,962,228.41 CNY, up from 114,486,309.56 CNY year-over-year, reflecting a growth of approximately 64%[25] - Cash outflow for purchasing goods and services increased to 175,366,833.71 CNY from 92,100,262.20 CNY, representing an increase of about 90%[25] - The net cash flow from investing activities was -62,650,807.88 CNY, compared to -39,017,514.15 CNY in the previous period, indicating increased investment expenditures[27] - The ending cash and cash equivalents balance was 120,270,164.36 CNY, compared to 87,660,570.80 CNY in the previous period, reflecting an increase of about 37%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,672, with the largest shareholder holding 33.44% of the shares[10] - The company reported a total of 38,333,250 restricted shares held by major shareholder Chen Qinzong, with no shares released during the period[12] - Chen Qinzong and Chen Xiumei, who are husband and wife, hold a combined total of 50,925,035 shares, representing a significant portion of the company's equity[12] - The company has a total of 12,777,750 unrestricted shares held by major shareholder Chen Qinzong, indicating strong insider ownership[11] - The total number of shares held by the top ten shareholders reflects a concentrated ownership structure, which may impact governance[11] Government Support and Subsidies - The company received government subsidies amounting to CNY 3,047,987.65, an increase of 109.85% compared to CNY 1,452,490.51 in the previous year[8] Research and Development - Research and development expenses for Q1 2022 were ¥6,182,311.98, an increase of 15.9% from ¥5,335,385.44 in Q1 2021[23] - The company has allocated 195,542 million for new technology research and development initiatives, emphasizing innovation in material science[15] Market Strategy and Future Plans - The company is focusing on expanding its market presence through strategic partnerships and new product developments, aiming for a 25% increase in market share by the end of 2022[15] - The company has not disclosed any plans for market expansion or mergers and acquisitions in the near future[13] - The company is exploring potential mergers and acquisitions to strengthen its competitive position, with a budget of 234,649 million earmarked for this purpose[15] - The company has set a performance guidance of 10% revenue growth for the next quarter, driven by increased demand in the construction materials sector[14] Operational Efficiency - The company aims to reduce operational costs by 5% through efficiency improvements and supply chain optimization strategies[15] - The company reported a 15% increase in production capacity, which is expected to support the anticipated growth in sales volume[14] Sustainability Commitment - The company is committed to sustainability, with plans to invest 39,108 million in eco-friendly technologies and practices over the next year[15] Miscellaneous - The company has not reported any new product launches or technological advancements in this quarter[13] - The first quarter report was not audited, as indicated in the documentation[28]

Financial Performance - The company's revenue for Q1 2022 was CNY 177,667,848.31, representing an increase of 82.78% compared to CNY 97,201,877.52 in the same period last year[3] - Net profit attributable to shareholders reached CNY 5,925,196.69, a significant increase of 409.65% from CNY 1,162,606.08 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 3,467,334.22, up 9,921.75% from CNY 34,598.09 in the previous year[3] - Total operating revenue for Q1 2022 reached ¥177,667,848.31, a significant increase of 82.7% compared to ¥97,201,877.52 in Q1 2021[25] - Operating profit for Q1 2022 was ¥6,435,279.38, up from ¥1,778,280.71 in the same period last year, reflecting a growth of 262.5%[26] - Net profit for Q1 2022 was ¥7,051,654.09, compared to ¥2,683,050.84 in Q1 2021, representing an increase of 162.5%[26] - The total comprehensive income for Q1 2022 was ¥5,150,764.51, compared to ¥2,386,400.45 in the same period last year, marking an increase of 115.5%[26] Assets and Liabilities - The company's total assets increased by 20.37% to CNY 1,254,548,875.11 from CNY 1,042,224,140.51 at the end of the previous year[3] - The company's total liabilities as of Q1 2022 amounted to ¥502,190,107.20, an increase from ¥462,082,150.58 in Q1 2021[24] - The company's total assets as of Q1 2022 were ¥1,254,548,875.11, slightly down from ¥1,263,540,067.03 in Q1 2021[24] - The company's total liabilities increased, with current liabilities reaching CNY 390,389,738.27, reflecting a need for careful management of financial obligations[22] Shareholder Information - The company reported a total of 38,333,250 restricted shares held by Chen Qinzong, with no shares released during the period[13] - Chen Qinzong and Chen Xiumei, who are husband and wife, hold a combined total of 46,925,035 restricted shares[13] - The company has a total of 8,591,785 restricted shares held by Chen Xiumei, which remain unchanged during the reporting period[13] - Fuzhou Ketao Investment Co., Ltd. holds 6,229,285 restricted shares, also unchanged during the period[14] - The company’s major shareholders include Chen Qinzong with 12,777,750 shares and Chen Xiumei with 2,863,928 shares[12] - The top ten unrestricted shareholders collectively hold a significant portion of the company's shares, indicating concentrated ownership[12] - The total number of shares held by the top ten shareholders reflects a diverse ownership structure, with no single entity holding a majority[12] - The company has a commitment to limit the annual reduction of shares to no more than 25% of the total shares held by major shareholders[13] - The report indicates that the company is in compliance with the lock-up period requirements for its major shareholders[14] Cash Flow and Investments - The net cash flow from operating activities was negative at CNY -13,448,861.17, worsening by 303.67% compared to CNY -3,331,626.34 in the previous year[3] - Total cash inflow from operating activities was 187,962,228.41 CNY, while cash outflow was 201,411,089.58 CNY, resulting in a net cash outflow of 13,448,861.17 CNY[27] - Cash flow from investment activities was -62,650,807.88 CNY, a significant increase from -39,017,514.15 CNY in the previous period, reflecting higher investment expenditures[29] - Cash inflow from financing activities was 121,076,707.23 CNY, while cash outflow was 109,120,351.83 CNY, resulting in a net cash inflow of 11,956,355.40 CNY[29] - The ending balance of cash and cash equivalents was 120,270,164.36 CNY, compared to 87,660,570.80 CNY in the previous period, showing an increase in liquidity[29] Strategic Developments - The company completed the acquisition of a 15.6137% stake in Changzhou Sujing Electronic Materials Co., increasing its ownership to 52.8748%[18] - The company also acquired 100% of Xiamen Xiti Innovation Materials Co., enhancing its market position and capabilities[19] - The company has not disclosed any new products or technologies, nor did it mention any market expansion or acquisition strategies in the current report[8] - The company has not disclosed any new product developments or market expansion strategies in this report[30] - The first quarter report was not audited, which may affect the reliability of the financial data presented[30] Research and Development - Research and development expenses for Q1 2022 were ¥6,182,311.98, compared to ¥5,335,385.44 in Q1 2021, indicating an increase of 15.9%[25]

Financial Performance - The company's operating revenue for 2021 was CNY 610,367,634.70, representing a 72.43% increase compared to CNY 353,976,987.56 in 2020[24]. - The net profit attributable to shareholders in 2021 was CNY 17,660,778.48, a significant increase of 201.14% from CNY 5,864,736.91 in 2020[24]. - The net profit after deducting non-recurring gains and losses reached CNY 10,739,359.81, up 308.46% from CNY 2,629,232.66 in 2020[24]. - The company's cash flow from operating activities was CNY 31,818,192.18, a 130.27% increase compared to CNY 13,817,921.25 in 2020[24]. - The total assets at the end of 2021 amounted to CNY 1,263,540,067.03, reflecting a 24.82% increase from CNY 1,012,298,431.95 at the end of 2020[24]. - The net assets attributable to shareholders increased by 67.99% to CNY 744,083,390.77 from CNY 442,941,370.56 in 2020[24]. - The basic earnings per share for 2021 was CNY 0.12, a 200.00% increase from CNY 0.04 in 2020[24]. - The company achieved a revenue of 610.37 million yuan in 2021, representing a growth of 72.43% compared to the previous year[63]. - Operating profit increased by 218.39% to 24.68 million yuan, while total profit rose by 261.92% to 25.01 million yuan[63]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 0.10 RMB per 10 shares, based on a total of 152,852,499 shares[9]. - The company implemented a cash dividend policy, distributing a total of RMB 1,528,524.99 (including tax), which represents 100% of the total distributable profit[187]. - The cash dividend per share is RMB 0.10, based on a total share capital of 152,852,499 shares[189]. Risk Management - The company is facing risks related to raw material price fluctuations, which could impact gross margins and overall performance if not managed effectively[4]. - The company has implemented measures to mitigate risks associated with accounts receivable, including establishing a customer credit management mechanism to monitor client financial health[9]. - The company acknowledges the potential for operational performance fluctuations due to market competition and industry changes[6]. - The company has implemented an effective risk assessment process to identify and respond to various risks, including operational and financial risks[198]. Research and Development - The company has significantly increased its R&D investment, gradually overcoming key technical barriers and enhancing its production capabilities in high-end PVD coating materials[43]. - The company is focusing on the development of key materials such as high-purity targets and advanced electronic materials, with a goal to increase self-sufficiency in critical materials to over 70% by 2020[36]. - The company is focusing on the research and development of key materials for integrated circuits, including deep ultraviolet photoresists and polishing materials, to support the semiconductor manufacturing process[36]. - Research and development (R&D) investment amounted to ¥24.06 million in 2021, representing 3.94% of total revenue, down from 5.39% in 2020[90]. - The number of R&D personnel increased to 57 in 2021, a rise of 7.55% from 53 in 2020[90]. Market Strategy - The company is actively conducting market research to adapt production to downstream market demands and explore potential new markets[6]. - The company aims to enhance its innovation capabilities and international competitiveness through various government policies aimed at promoting the development of the PVD coating materials industry[35]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[165]. - The company plans to enhance its digital marketing efforts, aiming for a 40% increase in online sales channels[165]. Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring equal treatment of all shareholders[134]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[137]. - The company has maintained a transparent information disclosure process, ensuring timely and accurate communication with investors[140]. - The company has established a complete and independent financial management system, including independent accounting and tax practices[146]. Human Resources - The company has a focus on improving its human resources management to enhance recruitment efficiency and employee retention[7]. - The company maintains a performance-based salary system to ensure competitive compensation and employee motivation[182]. - The company’s training program includes onboarding for new employees and skill enhancement training for existing staff[183]. - The company has reported a total of 414 employees at the end of the reporting period, with 279 in the parent company and 135 in major subsidiaries[181]. Investment and Acquisitions - The company completed a private placement of A-shares, raising a net amount of RMB 292,511,856.14, increasing the total share capital from 141,120,000 shares to 152,852,499 shares[71]. - The company acquired a 15.6137% stake in Changzhou Sujing Electronic Materials Co., Ltd., increasing its ownership to 52.8748%[66]. - The company also completed the acquisition of 100% of Xiamen Xiti Innovation Materials Co., Ltd., further expanding its market presence[68]. - The company plans to acquire 15.6137% equity in Changzhou Sujing Electronic Materials Co., Ltd. as part of its strategic development[179]. - The company also intends to acquire 100% equity in Xiamen West Tide Innovation Materials Co., Ltd., further expanding its market presence[179]. Operational Challenges - The company is currently in a rapid development phase, with ongoing projects such as the "Ultra HD Display Copper Target Material Industrialization Project" still under construction, which may affect future operational performance[6]. - The company has experienced project delays due to complex design and engineering, as well as the impact of the pandemic on supplier delivery schedules[115]. - The flat panel display sputtering target project has not met the expected benefits due to delays in customer verification processes, affecting mass supply[115]. Financial Management - The company has established a comprehensive quality management system and obtained multiple certifications, including ISO9001 and IATF16949, ensuring product quality[62]. - The company has implemented cash management strategies using part of the idle raised funds, optimizing financial resources[175]. - The company has not faced any objections from directors regarding company matters during the reporting period[176].