Financial Performance - Total operating revenue for the first half of 2019 reached ¥421,452,527.66, an increase of 71.41% compared to ¥245,880,242.04 in the same period last year[23]. - Net profit attributable to shareholders was ¥43,884,128.09, up 73.97% from ¥25,225,761.06 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥41,573,125.72, reflecting a 92.06% increase from ¥21,645,367.03 in the previous year[23]. - Basic earnings per share rose to ¥0.34, a 78.95% increase compared to ¥0.19 in the same period last year[23]. - Total assets at the end of the reporting period were ¥1,218,583,661.77, representing a 33.93% increase from ¥909,866,760.86 at the end of the previous year[23]. - Net assets attributable to shareholders increased by 9.03% to ¥472,255,300.17 from ¥433,152,276.82 at the end of the previous year[23]. - The total operating cost for the same period was RMB 356.67 million, reflecting a year-on-year increase of 64.86%[43]. - The company's net profit attributable to shareholders reached RMB 43.88 million, up 73.97% compared to the previous year[43]. - Total assets at the end of the reporting period amounted to RMB 1.22 billion, a growth of 33.93% from the beginning of the year[43]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -¥48,552,824.50, a decline of 96.86% compared to -¥24,663,932.97 in the same period last year[23]. - The company invested ¥20 million during the reporting period, a decrease of 20% compared to the previous year's investment of ¥25 million[55]. - Cash and cash equivalents at the end of the reporting period totaled ¥240.34 million, accounting for 19.72% of total assets[53]. - The cash flow from financing activities increased by 259.56% to RMB 127.23 million, primarily due to an increase in short-term borrowings[47]. - The company reported a significant increase in short-term borrowings, rising to ¥427.63 million, which is 35.09% of total liabilities, primarily due to operational needs[53]. Market Strategy and Development - The company plans to strengthen partnerships with top real estate developers and large infrastructure projects to mitigate market risks[6]. - The company will enhance R&D investment and brand influence to improve product quality and core competitiveness[6]. - The company focuses on the research, production, and sales of new waterproof materials, with significant investments in R&D to optimize product formulas and reduce costs[30]. - The company has successfully developed innovative products such as MBP polymer self-adhesive waterproof membranes and MPU white polyurethane coatings, which have gained market recognition[32]. - The company has expanded its market presence internationally, exporting products to countries including the USA, Germany, and Australia, with a diversified export product range[33]. - The waterproof building materials market is growing, driven by increased demand and stricter environmental regulations, leading to a shift from price competition to quality and technology competition[34]. - The company has signed strategic procurement agreements with major real estate developers, including Vanke and Evergrande, enhancing its market presence[43]. - The company launched new products such as self-adhesive TPO membranes and non-toxic rubber asphalt waterproof coatings, contributing to new profit growth points[44]. Risks and Challenges - The company faces risks related to market demand fluctuations, particularly due to macroeconomic controls on the real estate sector, but plans to strengthen partnerships with major real estate developers and enhance brand influence[75]. - The company is also exposed to raw material price volatility risks, primarily due to reliance on petroleum-based products, and aims to manage costs through improved efficiency and product innovation[75]. - The increase in accounts receivable poses a risk as sales scale expands, and the company is implementing measures to ensure timely collections and reduce bad debt risks[76]. Shareholder and Stock Information - The company does not plan to distribute cash dividends or issue bonus shares[10]. - The company has committed to maintaining a dividend payout ratio of 30% of net profits for the fiscal year 2019[84]. - The company reported a stock price that has been below the issuance price for six consecutive trading days since its listing[88]. - The lock-up period for shares held by directors and senior management has been automatically extended by six months[88]. - The company will notify and announce any plans to reduce shareholding three trading days in advance[92]. - The company is committed to ensuring that the share repurchase results do not lead to a distribution of equity that does not meet listing conditions[95]. Compliance and Regulatory Matters - The semi-annual financial report has not been audited[116]. - The company has not undergone any bankruptcy reorganization during the reporting period[118]. - The company has not made any commitments that would harm the interests of its shareholders[114]. - The company complied with environmental regulations and did not face any penalties for violations during the reporting period[136]. - The company has not initiated any poverty alleviation programs during the reporting period[137]. Future Outlook - The company provided a positive outlook for the second half of 2019, projecting a revenue growth of 25% based on current market trends and demand[85]. - Future guidance includes a target of reaching 3 billion RMB in total revenue by the end of 2020, reflecting a compound annual growth rate of 20%[83]. - The company expects a revenue growth of 10% for the second half of 2019, projecting a total revenue of approximately 2.4 billion yuan for the full year[111].

Financial Performance - Total revenue for Q1 2019 reached ¥162,714,749.98, representing a 79.74% increase compared to ¥90,526,837.34 in the same period last year[9] - Net profit attributable to shareholders was ¥16,991,791.19, up 66.26% from ¥10,220,187.95 year-on-year[9] - Net profit excluding non-recurring gains and losses was ¥16,833,492.95, reflecting a 76.24% increase from ¥9,551,535.10 in the previous year[9] - Operating revenue increased by 79.74% year-on-year, driven by enhanced market expansion and marketing investments[16] - Net profit attributable to shareholders increased by 66.26% year-on-year, reaching approximately ¥16,991,791.19[17] - The company reported a net profit of 10 million RMB for Q1 2019, representing a 15% increase year-over-year[31] - Total revenue for Q1 2019 reached 100 million RMB, up 20% compared to the same period last year[32] - The total profit for the current period was ¥19,562,758.43, up from ¥12,484,095.95, representing an increase of about 56.5%[75] Cash Flow and Liquidity - The net cash flow from operating activities was -¥155,337,732.06, a significant decline of 902.35% compared to -¥15,497,288.51 in the same period last year[9] - Cash flow from operating activities decreased by 902.35% year-on-year, primarily due to increased payments for raw material procurement and performance guarantees[16] - Cash flow from operating activities was ¥179,265,249.62, compared to ¥92,517,233.87 in the previous period, indicating an increase of approximately 93.6%[82] - The net cash flow from operating activities was -47,727,106.20 yuan, compared to a positive cash flow of 3,341,755.64 yuan in the previous period, indicating a significant decline in operational performance[87] - The company reported a total cash and cash equivalents balance of 115,919,356.43 yuan at the end of the period, down from 202,654,061.51 yuan at the beginning of the period[88] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,094,259,322.84, a 20.27% increase from ¥909,866,760.86 at the end of the previous year[9] - Current liabilities rose to CNY 641,149,619.70, compared to CNY 474,521,884.04, marking an increase of about 35.1%[66] - The company reported a total liability of CNY 643,265,807.20, compared to CNY 476,714,484.04, indicating an increase of approximately 35%[66] - Non-current assets totaled CNY 270,655,260.17, up from CNY 209,231,256.20, reflecting a growth of approximately 29.4%[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,699[12] - The largest shareholder, Kailun Holdings Investment Co., Ltd., held 37.76% of the shares, amounting to 49,680,000 shares, with 28,500,000 shares pledged[12] Research and Development - Research and development expenses grew by 61.26% year-on-year, reflecting increased investment in R&D[16] - Research and development expenses rose to ¥5,085,058.80, up from ¥3,153,247.05, which is an increase of about 61.5%[73] - The company is investing 5 million RMB in R&D for new technologies aimed at improving product efficiency[32] Market Strategy and Growth - User data indicates a growth of 25% in active users, reaching 500,000 by the end of Q1 2019[33] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2020[34] - New product launches are expected to contribute an additional 15 million RMB in revenue for the next quarter[35] - Future guidance estimates a revenue growth of 25% for the full year 2019, projecting total revenue of 400 million RMB[31] - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 50 million RMB allocated for this purpose[34] Financial Management and Compliance - The company has committed to adhere to the regulations set by the China Securities Regulatory Commission and the stock exchange regarding share transfers and reductions[28] - The company has established a clear framework for managing shareholdings and potential reductions to ensure compliance with legal requirements[27] - The company is committed to ensuring compliance with legal requirements regarding information disclosure and will take corrective actions if necessary[48] Stock Price Stabilization - The company has committed to maintaining a stable stock price, with measures in place if the stock price falls below the audited net asset value per share[35] - The company plans to initiate a stock repurchase program if the stock price remains below the audited net asset value per share for 20 consecutive trading days after the expiration of the current repurchase plan[36] - The company plans to implement a stock price stabilization plan if the stock price closes below the audited net asset value per share for 20 consecutive trading days[42] Financial Challenges - Cash and cash equivalents decreased by 38.46% compared to the beginning of the period, primarily due to increased payments for material procurement, long-term asset purchases, and performance guarantees[16] - Financial expenses surged by 340.65% year-on-year, mainly due to increased interest expenses from short-term borrowings and discounting of notes[16] - The company incurred 148,082,678.88 yuan in other operating cash payments, which significantly impacted the overall cash flow[87]

Financial Performance - The company's operating revenue for 2018 was CNY 619,307,792.59, representing a 57.09% increase compared to CNY 394,228,044.92 in 2017[21]. - The net profit attributable to shareholders for 2018 was CNY 65,102,837.70, a 46.07% increase from CNY 44,570,202.67 in 2017[21]. - The total operating cost for 2018 was 550.73 million yuan, reflecting a year-on-year increase of 60.62%[42]. - The company's basic earnings per share for 2018 was CNY 0.50, up 16.28% from CNY 0.43 in 2017[21]. - The net profit margin for 2018 was 10.10%, down from 32.31% in 2017[102]. - The company reported a net profit of RMB 67,572,476.35 for the year 2018, after deducting the legal surplus reserve[98]. - The gross profit margin for waterproof material sales was 37.12%, slightly down from 37.81% in the previous year[49]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 24,100,939.19, a significant decrease of 3,492.47% compared to CNY 710,424.26 in 2017[21]. - The total assets at the end of 2018 amounted to CNY 909,866,760.86, reflecting a 36.69% increase from CNY 665,637,750.68 at the end of 2017[21]. - The company's cash flow from operating activities decreased by 3,492.47% year-on-year, primarily due to increased accounts receivable and employee compensation expenses[44]. - The cash and cash equivalents decreased by ¥8,591,504.35, marking a 104.05% decline year-on-year[62]. - Accounts receivable increased to ¥311,447,081.30, representing 34.23% of total assets, an increase of 8.50% from the previous year[67]. Research and Development - The company plans to increase R&D investment and enhance brand influence to mitigate risks from macroeconomic fluctuations[6]. - The company has invested 45.07 million yuan in R&D from 2016 to 2018, accounting for 3.51% of the operating revenue during the same period[38]. - Research and development expenses reached ¥22,170,238.37, a 75.53% increase compared to the previous year, representing 3.58% of total revenue[61]. - The company has increased its R&D investment, leading to the successful development of innovative products such as MBP polymer self-adhesive waterproof membrane and MPU white polyurethane waterproof coating[30]. Market and Product Development - The company aims to optimize product formulas and develop high value-added products to improve profitability amidst raw material price volatility[8]. - The company has developed new products such as self-adhesive TPO membranes and non-smoke non-curing rubber asphalt waterproof coatings, contributing to new profit growth points[42]. - The company has expanded its market presence internationally, exporting products to countries including the USA, Germany, and Australia, reflecting a diversification in its export markets[31]. - The company aims to establish itself as a national standard green factory, aligning with national policies on environmental protection and energy conservation[31]. Strategic Initiatives - The company will strengthen management and refine operations to ensure sustainable growth and mitigate risks associated with increasing accounts receivable[9]. - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling RMB 6,577,650 for the year 2018[95]. - The company has implemented comprehensive budget management, improving its refined management and risk control capabilities[31]. - The company aims to control raw material costs through improved management and production efficiency[90]. Shareholder and Governance Matters - The company has a cash dividend policy that complies with its articles of association and protects the rights of minority shareholders[96]. - The actual controller and shareholders have fulfilled their commitments during the reporting period[102]. - The company has committed to a lock-up period of 36 months for its shares following the IPO, which will last until October 2020[108]. - The company has established a compensation responsibility for any losses caused to investors due to non-compliance with the lock-up commitments[108]. Industry Outlook - The annual average growth rate of the construction waterproof materials industry during the "12th Five-Year Plan" period was 11.47%, with the main business income growing at an average rate of 13.87%[84]. - Approximately 80% of the demand for waterproof materials comes from the real estate sector, with large real estate companies being the most valuable customers for waterproof material producers[86]. - The demand for traditional high-energy-consuming and high-polluting waterproof products is expected to decline, while new waterproof materials are projected to grow beyond the industry average growth rate[85]. Corporate Social Responsibility - The company actively fulfills its social responsibilities, focusing on employee development and maintaining a good working environment[160]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[164]. - The company has not faced any penalties for environmental violations during the reporting period[164].

江苏凯伦建材股份有限公司 2018 年第三季度报告 江苏凯伦建材股份有限公司 2 江苏凯伦建材股份有限公司 2018 年第三季度报告 第二节 公司基本情况 2018 年第三季度报告 2018 年 10 月 1 江苏凯伦建材股份有限公司 2018 年第三季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人钱林弟、主管会计工作负责人季歆宇及会计机构负责人(会计主 管人员)石雪芬声明：保证季度报告中财务报表的真实、准确、完整。 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 786,954,722.61 | | 665,637,750.68 | 18.23% | | 归属于上市公司股东的净资产 | 408,041,114.36 | | 38 ...

Financial Performance - The company's operating revenue for 2017 was CNY 394,228,044.92, representing a 46.57% increase compared to CNY 268,969,387.12 in 2016[20] - The net profit attributable to shareholders for 2017 was CNY 44,570,202.67, which is a 10.77% increase from CNY 40,236,957.94 in 2016[20] - The net profit after deducting non-recurring gains and losses was CNY 43,592,363.89, up 11.30% from CNY 39,167,126.23 in 2016[20] - The total assets at the end of 2017 reached CNY 665,637,750.68, an increase of 87.27% from CNY 355,440,773.63 at the end of 2016[20] - The net assets attributable to shareholders increased by 149.85% to CNY 381,827,842.82 from CNY 152,823,883.73 in 2016[20] - The basic earnings per share for 2017 was CNY 0.782, a 4.97% increase from CNY 0.745 in 2016[20] - The weighted average return on net assets decreased to 22.24% from 30.32% in 2016, a decline of 8.08%[20] - The net cash flow from operating activities was negative CNY 1,489,575.74, a significant decrease compared to CNY 338,609.57 in 2016, representing a decline of 539.91%[20] Market and Product Development - The company has invested in advanced production lines for asphalt roll materials, enhancing automation and competitiveness in the market[29] - The company successfully developed innovative products such as MBP polymer self-adhesive waterproof membranes and MPU white polyurethane waterproof coatings, expanding its product portfolio[29] - The company has achieved multiple certifications, including EU CE certification and UK BBA certification, enhancing its credibility in international markets[29] - The company has expanded its market presence internationally, exporting to countries such as the USA, Germany, and Australia[30] - The domestic waterproof construction materials industry has shown an average annual growth rate of 13.87% during the 12th Five-Year Plan period, indicating a growing market[32] - The company aims to promote a "fusion waterproof" concept, leveraging its comprehensive product range to meet diverse construction needs[30] Research and Development - The company invested a total of ¥32.07 million in R&D from 2015 to 2017, accounting for 3.64% of its revenue during the same period[40] - Research and development investment reached ¥12,628,800.80, up 26.16% compared to the previous year, indicating an increased focus on R&D efforts[47] - The company applied for 10 patents during the reporting period, including 3 invention patents, with 3 patents already granted[45] Cash Flow and Financing - The net cash flow from financing activities increased by 236.47% to ¥243,105,162.95, driven by significant growth in financing inflows[49] - The company's cash and cash equivalents increased by 855.80% to ¥212,168,729.24[71] - The total investment for the reporting period was ¥102,500,000.00, reflecting a 583.33% increase compared to the previous year[77] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, with no bonus shares issued[9] - The total distributable profit available for shareholders in 2017 is RMB 109,487,395.42, after accounting for the net profit of RMB 49,735,817.63 and the legal surplus reserve of RMB 4,973,581.76[131] - The cash dividend represents 32.31% of the net profit attributable to ordinary shareholders for 2017, which is RMB 44,570,202.67[133] - The company did not distribute any dividends in 2015, retaining earnings for operational development[129] Risks and Challenges - The company faces risks related to market demand fluctuations, raw material price volatility, and human resources[6][7] - The company recognizes the risk of market demand fluctuations due to its reliance on the real estate and infrastructure sectors, which may impact profitability[117] - The company faces raw material price volatility risks, as over 40% of production costs are tied to materials influenced by international oil prices[118] Corporate Governance and Compliance - The company has committed to not engage in any business activities that compete with its existing operations, ensuring no direct or indirect investments in competing companies[163] - The company has established a link between the conditions for stock incentive plans and the execution of compensation measures to ensure accountability[163] - The company has not reported any changes in the investment projects during the reporting period[84] Strategic Partnerships and Expansion - The company established a strategic partnership with Vanke, further expanding its application in the construction and civil engineering sectors[45] - The second production base in Tangshan has been successfully completed, and a third base in Chengdu is in the planning stage, enhancing the company's industrial layout[45] - The company aims to capitalize on the growing demand in the waterproof materials industry, with an expected annual growth rate of over 6% during the 13th Five-Year Plan period[92] Initial Public Offering (IPO) and Share Structure - Jiangsu Kairun Building Materials Co., Ltd. completed its initial public offering (IPO) of 18 million shares on October 26, 2017, increasing total shares from 54 million to 72 million[193] - The IPO raised a total of 192,533,756.42 RMB after deducting issuance costs of 17,547,169.82 RMB[197] - The company’s total share capital increased by 33.33% following the IPO, reflecting a significant capital infusion for future projects[197]

Financial Performance - Total revenue for the first half of 2018 was CNY 245,880,242.04, representing a 40.49% increase compared to CNY 175,014,317.48 in the same period last year[18]. - Net profit attributable to shareholders was CNY 25,225,761.06, up 34.91% from CNY 18,698,626.52 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was CNY 21,645,367.03, a 16.63% increase from CNY 18,559,599.97 in the previous year[18]. - The company achieved operating revenue of CNY 245.88 million, a year-on-year increase of 40.49%[41]. - The company's operating profit reached CNY 30.88 million, reflecting a 40.75% increase compared to the previous year[41]. - The gross margin for waterproof materials sales was 37.06%, with a slight increase of 0.40% compared to the previous year[47]. - The company reported a total profit of CNY 30,025,527.25, compared to CNY 21,940,176.94 in the same period last year[165]. - The company reported a total comprehensive income of 20,635,413.69 RMB during the current period, reflecting a positive performance[188]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 24,663,932.97, a decline of 352.60% compared to negative CNY 5,449,400.09 in the same period last year[18]. - Cash and cash equivalents decreased significantly from CNY 251,133,144.37 to CNY 133,209,522.02, a decline of approximately 47.0%[156]. - Accounts receivable increased from CNY 171,274,872.90 to CNY 216,802,537.30, reflecting a growth of about 26.5%[156]. - Inventory rose from CNY 41,254,419.02 to CNY 76,961,406.72, indicating an increase of approximately 86.5%[156]. - Total assets at the end of the reporting period were CNY 646,338,222.21, down 2.90% from CNY 665,637,750.68 at the end of the previous year[18]. - The ending balance of cash and cash equivalents decreased to 129,708,789.42 CNY from 39,376,945.46 CNY in the previous period, indicating a significant reduction in liquidity[173]. Investments and R&D - Research and development expenses increased by 63.39% to CNY 8.49 million, indicating a significant investment in innovation[45]. - The company plans to invest a total of RMB 400 million in the Central China production base project, which has been approved by the board and shareholders[129]. - The company has committed to a total investment of ¥19,253.38 million for various projects, with an investment progress of 84.18% for the Tangshan waterproof membrane base project[62]. - The company is actively pursuing strategies to expand into new application areas and enhance production efficiency[74]. Market and Product Development - The company focuses on the research, production, and sales of new waterproof materials, with major applications in public infrastructure projects such as high-speed rail and nuclear power[25]. - The core product, MBP polymer self-adhesive waterproof membrane, has rapidly expanded into the real estate sector, gaining traction with major developers like Vanke and Evergrande[26]. - The company has successfully entered international markets, exporting products to countries including the USA, Germany, and Australia, with a diversified export product range[27]. - The company has introduced new products such as self-adhesive TPO membranes and non-curing rubber asphalt waterproof coatings, which are expected to open new market opportunities[34]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has established a compensation mechanism for any losses incurred by investors due to non-compliance with commitments by major shareholders[86]. - The company has committed to a 36-month lock-up period for shares held by major shareholders and executives following the IPO, which began on October 26, 2017, and will end on October 26, 2020[85]. - The company has a share transfer restriction commitment for 36 months from the date of listing for several major shareholders[136]. Risks and Challenges - The company anticipates that fluctuations in market demand, particularly in the real estate and infrastructure sectors, may adversely affect its profitability[73]. - The cost of raw materials, including asphalt and SBS, accounted for over 40% of production costs, significantly impacted by rising international oil prices during the reporting period[74]. - Accounts receivable increased due to expanded sales scale and tightening customer funds, posing a risk to asset security[75]. Compliance and Legal Matters - The half-year financial report for Jiangsu Kairun Building Materials Co., Ltd. has not been audited[113]. - There are no major litigation or arbitration matters during the reporting period[115]. - The company has made commitments to avoid conflicts of interest and ensure fair practices in its operations[110]. - The company is currently fulfilling its long-term commitment regarding information disclosure responsibilities[106].

江苏凯伦建材股份有限公司 2018 年第一季度报告 江苏凯伦建材股份有限公司 2018 年第一季度报告 2018 年 4 月 1 江苏凯伦建材股份有限公司 2018 年第一季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人钱林弟、主管会计工作负责人柴永福及会计机构负责人(会计主 管人员)石雪芬声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏凯伦建材股份有限公司 2018 年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 90,526,837.34 | 68,012,002.67 | 33.10% | | 归属于上市公司股东的净利润（元） | 10,220,187.95 | 8,158,962.35 | ...

Financial Performance - The company's operating revenue for 2017 was CNY 394,228,044.92, representing a 46.57% increase compared to CNY 268,969,387.12 in 2016[19] - The net profit attributable to shareholders for 2017 was CNY 44,570,202.67, which is a 10.77% increase from CNY 40,236,957.94 in 2016[19] - The net profit after deducting non-recurring gains and losses was CNY 43,592,363.89, up 11.30% from CNY 39,167,126.23 in the previous year[19] - The total assets at the end of 2017 reached CNY 665,637,750.68, an increase of 87.27% from CNY 355,440,773.63 at the end of 2016[19] - The net assets attributable to shareholders increased by 149.85% to CNY 381,827,842.82 from CNY 152,823,883.73 in 2016[19] - The basic earnings per share for 2017 was CNY 0.782, a 4.97% increase from CNY 0.745 in 2016[19] - The weighted average return on equity decreased to 22.24% from 30.32% in the previous year, a decline of 8.08%[19] - The net cash flow from operating activities was negative CNY 1,489,575.74, a significant decrease compared to CNY 338,609.57 in 2016, representing a decline of 539.91%[19] Market and Product Development - The company has invested in advanced production lines for asphalt roll materials, enhancing automation and competitiveness in the market[28] - The company successfully developed innovative products such as MBP polymer self-adhesive waterproof membranes and MPU white polyurethane waterproof coatings, expanding its product portfolio[28] - The company has achieved multiple certifications, including EU CE certification and UK BBA certification, enhancing its credibility in both domestic and international markets[28] - The company has expanded its market presence internationally, exporting to countries such as the USA, Germany, and Australia, thus diversifying its revenue streams[29] - The construction waterproofing industry has seen an average annual growth rate of 13.87% during the 12th Five-Year Plan period, indicating a robust market environment[32] - The company aims to promote a "fusion waterproofing" concept, leveraging its comprehensive product range to meet diverse construction needs[29] Investment and R&D - The company invested a total of ¥32.07 million in R&D from 2015 to 2017, accounting for 3.64% of the revenue during the same period[40] - Research and development investment reached ¥12,628,800.80, up 26.16% compared to the previous year, indicating an increased focus on R&D[47] - The company applied for 10 patents during the reporting period, including 3 invention patents, and has received 3 authorized patents[45] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, with no bonus shares issued[8] - The cash dividend accounted for 100% of the total profit distribution for the year[125] - The total share capital as of December 31, 2017, is 72,000,000 shares, with a capital reserve increase of 8 shares for every 10 shares held[126] - The net profit for the parent company in 2017 was RMB 49,735,817.63, with a distributable profit of RMB 109,487,395.42 after accounting for legal reserves and previously distributed dividends[129] Risks and Challenges - The company faces risks related to market demand fluctuations and raw material price volatility, which could impact profitability[6] - The company recognizes the risk of market demand fluctuations due to its reliance on the real estate and infrastructure sectors[115] - The company faces raw material price volatility risks, as over 40% of production costs are tied to materials influenced by international oil prices[116] Corporate Governance and Compliance - The independent directors fulfilled their responsibilities, ensuring the protection of shareholders' rights[124] - The company has committed to maintain sufficient cash reserves for future operational needs while distributing dividends[127] - The company emphasizes compliance with legal requirements and the protection of investor rights in all its operations[156] Stock and Shareholding Structure - The company completed its initial public offering (IPO) of 18 million shares at a price of 12.50 RMB per share, which began trading on October 26, 2017[194] - The total share capital increased from 54 million shares to 72 million shares following the IPO, resulting in a dilution effect on earnings per share and net assets per share[193] - The shareholder structure indicates a significant concentration of ownership, with the top three shareholders holding over 50% of the total shares[197]