证券代码：300716 证券简称：国立科技 PAGE \* MERGEFORMAT 1 广东国立科技股份有限公司 投资者关系活动记录表 编号：2019-001 | --- | --- | --- | |------------------|------------------------------|------------------------------------------------------------| | | | | | | ▇ | 特定对象调研 □分析师会议 | | | □媒体采访 □业绩说明会 | | | 投资者关系活动类 | □ 新闻发布会 □路演活动 | | | 别 | □现场参观 | | | | □ 其他 | | | | | 上海申银万国证券研究所有限公司沈衡、文晨昕、郦悦轩； | | | | 交银施罗德基金管理有限公司张顺晨； | | 参与单位名称及人 | 中天证券股份有限公司卢长洪； | | | 员姓名 | 招商银行股份有限公司杜李根； | | | | 国元证券股份有限公司杨军； | | | | | 上海重阳投资管理股份有限公司王祥。 | | 时间 | 2019 年 2 月 ...

Guangdong Guoli Sci& Tech Co., Ltd. 广东国立科技股份有限公司 股票简称"国立科技"，股票代码"300716 " cninf 5 Eninf 5 www.crimo.com.cn 本资料由国立科技编制，其中内容并未经过独立查证。对于本资料中所发表或包含的信息或意见是否公平、准确、 完整或正确，没有任何明确或隐含的声明或保证,贵方亦不应对之加以依赖。本资料并非拟提供有关国立科技业务 或前景的完全或全面分析，贵方亦不可依赖本材料作为提供上述分析。国立科技或其各自的董事、高级管理人员、 员工、关联公司、顾问或代表，均不会对使用此材料中所发表或包含的任何信息或意见而发生的任何损失，或以其 他方式与之有关而发生的损失承担任何责任。 本资料中所发表或包含的任何信息可在无须发出任何通知的情况下而更改，而且概不保证其内容的准确性。 本资料仅供参考之用，不构成购买或认购证券的邀请或要约或其任何部分。 CONTENTS 公司介绍 产品及服务 文化及荣誉 规划及未来 01 02 03 04 01 公司介绍 l 公司概述 l 发展历程 l 分支机构 l 业务介绍 广东国立科技股份有限公司，创立于20 ...

广东国立科技股份有限公司 2022 年第三季度报告 证券代码：300716 证券简称：国立科技 公告编号：2022-092 广东国立科技股份有限公司 2022 年第三季度报告 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 √否 1 广东国立科技股份有限公司 2022 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 □是 √否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 291,085,706.79 | -34.47% ...

证券代码：300716 证券简称：国立科技 编号：2022-002 广东国立科技股份有限公司 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 投资者网上集体接待日 | | | 参与单位名称 | 通过全景网参与 2022 | 广东辖区上市公司投资者关系管理月活动投 | | 及人员姓名 | 资者集体接待日的投资者 | | | 时间 2022 | 年 9 月 22 | 日（周四） 15:50-16:50 | | | 地点 全景网"投资者关系互动平台"（ | http://ir.p5w.net ） | | 上市公司 接待人员姓名 | 监：张晓锋先生 ...

证券代码：300716 证券简称：国立科技 公告编号：2022-084 广东国立科技股份有限公司 关于参加2022年广东辖区上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，广东国立科技股份有限公司（以下 简称"公司"）将参加由广东证监局和广东上市公司协会共同举办的"2022年广 东辖区上市公司投资者网上集体接待日活动"，现将有关事项公告如下： 本次投资者网上集体接待日活动将采取网络远程的方式举行，投资者可以登 录"全景•路演天下"网站（http://rs.p5w.net）参与公司本次投资者集体接待 日活动，活动时间为2022年9月22日（星期四）15:50至16:50。届时公司董事长 兼总经理邵鉴棠先生、董事会秘书李旋先生、财务负责人张晓锋先生将通过网络 在线交流形式与投资者进行沟通与交流。 欢迎广大投资者积极参与。 特此公告。 广东国立科技股份有限公司董事会 2022年9月21日 ...

Financial Performance - The company's operating revenue for the reporting period was ¥710,925,417.71, a decrease of 30.87% compared to the same period last year[23]. - Net profit attributable to shareholders was ¥19,716,273.70, down 6.76% year-on-year[23]. - The net profit after deducting non-recurring gains and losses increased by 249.31% to ¥18,271,701.15[23]. - Net cash flow from operating activities surged by 395.37% to ¥129,884,992.97[23]. - Total assets at the end of the reporting period were ¥1,570,573,609.55, a decrease of 6.70% from the end of the previous year[23]. - The company's weighted average return on equity increased to 6.85%, up 2.80% from the previous year[23]. - The company achieved operating revenue of ¥710,925,417.71 in the first half of 2022, a decrease of 30.87% year-on-year, primarily due to the divestment of loss-making subsidiaries in 2021[45]. - The net profit attributable to the parent company was ¥19,716,273.70, down 6.76% year-on-year, indicating stable operational conditions despite revenue decline[45]. Research and Development - The company maintains a focus on research and development to enhance its product offerings and technological capabilities[4]. - The company aims to enhance its R&D capabilities to capture more market share in the low-carbon and environmentally friendly materials sector[33]. - The company has over 20 invention patents and more than 8,000 environmental new material technology formulas, showcasing its strong R&D capabilities[51]. - The company emphasizes the importance of continuous R&D investment to meet the diverse and changing demands of downstream customers in the EVA/TPR modified materials sector[78]. - Research and development investment decreased by 46.00% to ¥17,193,900.97, mainly due to changes in the scope of consolidation compared to the same period last year[55]. Market Position and Strategy - The company has established long-term partnerships with well-known brands such as CROCS, AMAZON, and WALMART, enhancing its market position[34]. - The company is focused on developing high-performance, cost-effective environmentally friendly modified materials to meet increasing consumer demands[33]. - The demand for biodegradable plastics is expected to grow significantly due to environmental policies and consumer preferences for low-carbon products[31]. - The company is actively expanding its product offerings in the new energy vehicle sector, including battery boxes and power brackets, to capitalize on emerging market opportunities[44]. - The management discusses future strategies, including market expansion and potential new product developments[4]. Financial Management - The company's operating costs fell by 31.57% to ¥597,692,782.72, reflecting the impact of divesting loss-making subsidiaries and focusing on core operations[54]. - Sales expenses decreased by 78.28% to ¥6,114,869.16, attributed to reduced brand usage fees and lower employee compensation following the divestment of certain subsidiaries[54]. - The company's operating cash flow net amount increased by 395.37% to ¥129,884,992.97, primarily due to improved management of accounts receivable[55]. - Cash and cash equivalents increased by 116.81% to ¥10,420,837.86, attributed to enhanced management of accounts receivable[55]. - The company's total assets included cash and cash equivalents of ¥175,775,205.54, representing 11.19% of total assets, an increase from 7.57% at the end of the previous year[60]. Corporate Governance - The report indicates that all board members attended the meeting to discuss the financial report, ensuring collective accountability[4]. - The company held its first extraordinary shareholders' meeting of 2022 on March 16, with a participation rate of 45.95%[87]. - The annual shareholders' meeting for 2021 took place on May 13, with a participation rate of 40.84%[87]. - The second extraordinary shareholders' meeting of 2022 was held on June 20, with a participation rate of 38.86%[87]. - The company did not distribute cash dividends or issue bonus shares for the half-year period[89]. Legal and Compliance - The company has successfully resolved a case against Tian Tian Xiang Shang Intelligent Supply Chain Co., Ltd., resulting in a payment of 145,800 yuan and corresponding interest, which has been fully paid[102]. - The company has reached a mediation agreement with Si Hong Han Fu Kang Medical Technology Co., Ltd., requiring them to pay a total of 8,976,000 yuan in three installments, with the first installment already paid[102]. - The company has successfully concluded a case against He Yuan Shi Yong Yi Da Technology Co., Ltd., with a settlement reached and the case withdrawn[102]. - The company has a pending case against Dongguan Hua Chen Shoe Material Co., Ltd., with a claim of 1,318,800 yuan, which has been ruled in favor of the company[102]. - The company is pursuing a claim against Si Hong Han Fu Kang Medical Technology Co., Ltd. for 6,680,100 yuan, with mediation in progress[102]. Risk Factors - The company is facing risks from fluctuations in raw material prices, particularly for petrochemical products, which could impact production costs and profit margins[74]. - The company is exposed to risks of uncollectible accounts receivable, which may adversely affect its operations and performance if major customers face financial difficulties[83]. - The company faces significant market competition risks in the modified materials industry, particularly in the low-end market, which is characterized by excessive and disorderly competition due to numerous small enterprises[76]. - The company is at risk of operational losses due to potential issues with leased production sites, including properties with ownership defects[79]. - The company has multiple subsidiaries across various fields, facing risks of underperformance due to a shortage of specialized talent[80]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,378[138]. - Dongguan Yonglv Industrial Investment Co., Ltd. holds 32.72% of shares, totaling 52,351,895, with a reduction of 12,898,105 shares during the reporting period[138]. - Yang Guofen, an individual shareholder, holds 5.06% of shares, totaling 8,100,000, with an increase of 8,100,000 shares during the reporting period[138]. - The total number of shares after the recent changes is 160,020,000, maintaining a 100% ratio of unrestricted shares[136]. - The shareholder structure shows a significant presence of domestic non-state-owned enterprises[138].

Financial Performance - Total revenue for Q1 2019 was CNY 366,749,249.43, representing a 51.93% increase compared to CNY 241,398,708.95 in the same period last year[8] - Net profit attributable to shareholders decreased by 58.73% to CNY 8,580,001.31 from CNY 20,792,109.89 year-on-year[8] - Basic earnings per share fell by 61.54% to CNY 0.05 from CNY 0.13 in the previous year[8] - The company's operating revenue for the reporting period was CNY 366,749,249.43, representing a year-on-year increase of 51.93% due to the addition of new subsidiaries in the consolidated financial statements[18] - The net profit attributable to the parent company was CNY 8,580,001.31, a decrease of 58.73% compared to the previous period, primarily due to a decline in gross margin and increased asset impairment losses[19] - The company reported a total comprehensive income of CNY 7,328,831.01 for Q1 2019, down from CNY 20,687,186.45 in the same period last year[55] - Net profit for Q1 2019 was CNY 7,251,668.52, a decrease of 65.0% from CNY 20,718,830.58 in Q1 2018[55] Cash Flow - The net cash flow from operating activities was negative at CNY -6,686,276.57, a decline of 19.57% compared to CNY -5,591,806.72 in the same period last year[8] - The company's operating cash flow for the first quarter was negative at -6,686,276.57 CNY, compared to -5,591,806.72 CNY in the previous period, indicating a decline in cash generation from operations[60] - Total cash inflow from operating activities was 363,495,319.90 CNY, up from 232,401,651.44 CNY year-over-year, reflecting a significant increase of approximately 56.4%[60] - Cash outflow from operating activities totaled 370,181,596.47 CNY, compared to 237,993,458.16 CNY in the previous period, representing an increase of about 55.2%[60] - The net cash flow from investment activities was -15,155,370.30 CNY, an improvement from -46,474,818.96 CNY in the previous period, showing a reduction in cash outflow by approximately 67.4%[61] - Cash inflow from financing activities was 117,077,535.54 CNY, down from 140,757,500.00 CNY, indicating a decrease of about 16.9%[61] - The net cash flow from financing activities was 73,621,916.28 CNY, compared to 103,423,277.14 CNY in the previous period, reflecting a decline of approximately 29%[61] - The ending cash and cash equivalents balance increased to 201,258,439.19 CNY from 104,307,179.19 CNY, marking a growth of about 93.2%[61] - The company received 11,760,000.00 CNY from minority shareholders in the first quarter, significantly higher than 3,087,000.00 CNY in the previous period, representing an increase of approximately 281.5%[61] Assets and Liabilities - Total assets increased by 10.70% to CNY 1,570,686,676.60 from CNY 1,418,870,006.47 at the end of the previous year[8] - Total liabilities rose to CNY 681,490,989.38, compared to CNY 573,325,685.26 at the end of 2018, an increase of about 18.9%[46] - Owner's equity totaled CNY 889,195,687.22, up from CNY 845,544,321.21, reflecting an increase of approximately 5.2%[47] - Current assets increased to CNY 931,758,956.27 as of March 31, 2019, up from CNY 851,958,694.35 at the end of 2018, representing an increase of approximately 9.5%[44] - Total non-current assets reached CNY 638,927,720.33, up from CNY 566,911,312.12, reflecting an increase of approximately 12.7%[45] - Total liabilities as of the end of Q1 2019 amounted to CNY 611,627,603.78, compared to CNY 583,961,162.94 at the end of the previous year[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,895[13] - The largest shareholder, Dongguan Yonglv Industrial Investment Co., Ltd., held 40.78% of the shares, amounting to 65,250,000 shares[13] - The actual controllers hold significant shares, which could influence company decisions and strategies[32] Research and Development - The company plans to enhance R&D investment and strengthen core competitiveness to mitigate market competition risks[28] - The company aims to accelerate the construction of its R&D center to bolster innovation capabilities[30] - Research and development expenses for Q1 2019 were CNY 9,662,831.61, an increase of 24.1% from CNY 7,782,839.91 in Q1 2018[53] - The company holds 14 invention patents and 17 domestic trademarks, emphasizing its commitment to innovation and technology protection[28] Operational Risks - The company faces risks from fluctuations in raw material prices, particularly for SBS, EVA, and other petrochemical products, which are linked to overall oil market prices[27] - The company is monitoring potential risks from leased properties with ownership issues, which could lead to operational disruptions[30] - Government subsidies play a significant role in the company's financial results, and any changes in these policies could impact performance[31] Business Strategy - The company successfully executed its annual business plan for the first quarter, achieving expected targets without major adjustments[26] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[53]

广东国立科技股份有限公司 2019 年 10 月 广东国立科技股份有限公司 2019 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。 公司负责人邵鉴棠、主管会计工作负责人钟宏标及会计机构负责人(会计主 管人员)周芳声明：保证季度报告中财务报表的真实、准确、完整。 1 广东国立科技股份有限公司 2019 年第三季度报告 第二节 公司基本情况 2019 年第三季度报告 公告编号：2019-071 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） | 1,724,604,574.17 | 1,418,870,006.47 | | 21.55% | | 归属于上市公司股东的净资产（元） | 846,761,444.97 | 828,606,945. ...

Financial Performance - The company reported a profit distribution plan, proposing a cash dividend of 0.29 RMB per 10 shares based on a total of 160,020,000 shares [4]. - The company’s financial report covers the fiscal year from January 1, 2019, to December 31, 2019, providing a comprehensive overview of its performance during this period [9]. - The company’s operating revenue for 2019 was ¥2,032,885,788.65, representing an increase of 86.16% compared to ¥1,092,022,297.97 in 2018 [16]. - The net profit attributable to shareholders for 2019 was ¥25,957,352.64, a decrease of 53.23% from ¥55,503,835.13 in 2018 [16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥24,619,980.12, down 47.59% from ¥46,977,893.36 in 2018 [16]. - The net cash flow from operating activities increased by 97.41% to ¥50,173,891.28 in 2019 from ¥25,416,385.09 in 2018 [16]. - The total assets at the end of 2019 were ¥1,905,270,111.99, up 34.28% from ¥1,418,870,006.47 at the end of 2018 [16]. - The basic earnings per share for 2019 was ¥0.16, a decrease of 54.29% from ¥0.35 in 2018 [16]. - The weighted average return on equity for 2019 was 3.11%, down from 6.88% in 2018 [16]. - The company achieved a total revenue of CNY 2,032,885,788.65 in 2019, representing an increase of 86.16% compared to CNY 1,092,022,297.97 in 2018 [101]. - The net profit attributable to shareholders decreased by 53.23% to CNY 2,595.74 million, down from CNY 5,550.39 million in the previous year [91]. Dividend Policy - The company emphasizes a stable and continuous profit distribution policy, prioritizing cash dividends [176]. - The company plans to review its dividend policy every three years, considering feedback from independent directors and public investors [177]. - The company plans to distribute a cash dividend of RMB 0.29 per 10 shares, totaling RMB 4,640,580 for the year 2019 [188]. - The total distributable profit for shareholders is RMB 201,548,282.51, with the cash dividend amounting to 100% of the total profit distribution [188]. - The cash dividend for 2019 represents 17.88% of the net profit attributable to the company's ordinary shareholders [191]. - The company has maintained a cash dividend policy of distributing no less than 20% of the available profit each year, subject to board approval [188]. - The cash dividend policy and its execution comply with the company's articles of association and shareholder resolutions [186]. - The company has engaged independent directors to ensure the proper execution of the dividend distribution process [187]. - The company has provided opportunities for minority shareholders to express their opinions regarding the profit distribution [187]. - The cash dividend distribution plan for 2019 is consistent with the company's previous years' distribution plans [190]. Corporate Governance - The board of directors confirmed that all members attended the meeting to review the annual report, ensuring the accuracy and completeness of the financial report [3]. - The company is committed to maintaining legal responsibilities for the accuracy of its financial disclosures, as stated by its management team [3]. - The company has engaged independent directors to ensure the proper execution of the dividend distribution process [187]. - The company plans to strengthen its internal control and governance systems to ensure stable and healthy development, focusing on financial management and risk management [160]. Research and Development - The company engaged in the development and production of low-carbon, environmentally friendly polymer materials, with products widely used in various industries [24]. - The company has obtained 18 invention patents and has multiple patents under review, indicating strong R&D capabilities [83]. - R&D efforts focus on EVA and TPR environmentally friendly modified materials, with applications in high-end shoe materials and electronic products [43]. - The company has developed a significant number of technical standards and formulas for modified engineering plastics, tailored to customer specifications [44]. - The company has developed 6,894 product formulas, which are a key component of its core competitiveness [60]. - The company plans to increase R&D investment to meet growing consumer demand for low-carbon and environmentally friendly materials [49]. - The company’s R&D investment increased by 49.17% to CNY 54,136,741.50, accounting for 2.66% of total revenue [93]. Supply Chain Management - The supply chain management business experienced significant growth in 2019, with sales revenue increasing substantially compared to 2018 due to improved management and business expansion [72]. - The supply chain management business integrates various resources to provide comprehensive services, including procurement, logistics, and marketing, enhancing customer value [71]. - The supply chain management business is driven by customer demand, allowing for effective resource integration and cost savings [71]. - The company plans to focus on risk management while enhancing profitability and maintaining stable growth in its supply chain operations in 2020 [72]. Market and Competitive Landscape - The competitive landscape emphasizes the need for customization capabilities and stable product performance to enhance market competitiveness [47]. - The demand for modified materials is driven by downstream markets such as footwear, automotive, and home appliances, necessitating a quick response to customer needs [45]. - The company has established long-term cooperative relationships with international brands such as CROCS, SKECHERS, and DISNEY, providing them with environmentally friendly modified materials [26]. - The company plans to enhance its automation capabilities and reduce manufacturing costs in the automotive parts sector [73]. Risks and Challenges - The company faces risks related to raw material price fluctuations, market competition, and potential loss of core technology, which could impact profitability and market position [161][162][164]. - The ongoing global pandemic is expected to adversely affect the company's revenue and profits in 2020, prompting cost-cutting measures to safeguard cash flow [171]. - Export sales represented 18.52% of total revenue, exposing the company to foreign exchange risks due to fluctuations in the USD exchange rate [170]. Asset Management - The company has not sold any major assets or equity during the reporting period, indicating stability in its asset management [151][152]. - The company reported a significant increase in accounts payable to ¥274,464,937.01, which is 14.41% of total liabilities, up 4.68% due to increased material payables from expanded sales [125]. - The company’s total liabilities included short-term borrowings of ¥291,578,651.32, which accounted for 15.30% of total liabilities, showing a decrease of 5.00% in proportion [125]. Future Plans - The company plans to enhance production capacity and expand its market presence in response to the competitive pressures and negative impacts of the COVID-19 pandemic, focusing on low-carbon and environmentally friendly polymer new materials, supply chain management, and automotive parts businesses [158]. - In 2020, the company aims to complete the production launch of its Vietnam factory, thereby increasing production capacity and laying the groundwork for international development [159].

Financial Performance - The company's revenue and net profit significantly decreased due to the dual impact of US-China trade friction and the COVID-19 pandemic, with a substantial drop in order volume from overseas clients compared to the previous year[5]. - The company's operating revenue for 2020 was CNY 1,926,915,850.23, a decrease of 5.21% compared to CNY 2,032,885,788.65 in 2019[22]. - The net profit attributable to shareholders was a loss of CNY 317,303,651.63, representing a decline of 1,322.40% from a profit of CNY 25,957,352.64 in the previous year[22]. - The net cash flow from operating activities was negative at CNY -61,760,267.65, a decrease of 223.09% compared to CNY 50,173,891.28 in 2019[22]. - The total assets at the end of 2020 amounted to CNY 2,087,869,341.58, an increase of 9.58% from CNY 1,905,270,111.99 at the end of 2019[22]. - The net assets attributable to shareholders decreased by 39.32% to CNY 512,188,704.57 from CNY 844,035,281.37 in 2019[22]. - The basic earnings per share for 2020 was CNY -1.98, a decline of 1,337.50% from CNY 0.16 in 2019[22]. - The weighted average return on net assets was -46.64%, down from 3.11% in the previous year[22]. - The company reported a quarterly revenue of CNY 549,209,194.78 in Q4 2020, showing a consistent increase from CNY 337,388,574.17 in Q1 2020[25]. - The company experienced a significant loss in Q4 2020 with a net profit attributable to shareholders of CNY -131,727,559.85[25]. Business Strategy and Focus - The company plans to focus on the low-carbon and environmentally friendly polymer materials business, reducing its supply chain management operations in the second half of 2020[6]. - The company aims to improve profitability by enhancing internal management of subsidiaries, exploring existing domestic markets, and expanding overseas markets, particularly increasing capacity at its Vietnam base[6]. - The company is committed to improving cash flow management, particularly in accounts receivable, to enhance operational activities[6]. - The company aims to strengthen its research and development capabilities to enhance core competitiveness in the low-carbon and environmentally friendly polymer materials sector[36]. - The company is focused on expanding its market share in the environmentally friendly materials sector, driven by increasing consumer demand for sustainable products[36]. - The company plans to enhance its research and development investments to meet the growing demand for high-quality, cost-effective environmentally friendly materials[36]. - The company intends to actively explore new markets and product lines, particularly in mid-to-high-end sports shoe materials and new energy vehicles[163]. Market Conditions and Challenges - The global macroeconomic environment remains weak due to the pandemic, impacting industrial growth and trade performance[34]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the last three accounting years[22]. - The company is facing risks related to market demand fluctuations due to the COVID-19 pandemic, which has impacted its operations and export business[165]. - The company is also exposed to raw material price volatility, particularly for petrochemical products, which can affect production costs and profit margins[166]. Research and Development - The company has over 19 invention patents and more than 8,000 environmental new material technology formulas, showcasing its strong R&D capabilities[86]. - The R&D efforts focus on EVA and TPR environmentally friendly modified materials, with extensive testing and customer collaboration to meet specific performance requirements[53]. - The company has developed a total of 8,062 product formulas, which are crucial for maintaining its competitive edge in the market[64]. - The company has invested in R&D for biodegradable materials, with PBAT and PLA materials undergoing certification for both domestic and international standards[96]. Financial Management and Investments - The company reported a significant increase in its customer base, continuing to strengthen partnerships with major clients like Amazon, Walmart, and Huawei, while also expanding to new clients such as Anta and Hisense[94]. - The company has established long-term cooperative relationships with well-known brands such as CROCS, AMAZON, and DISNEY, enhancing its market presence[37]. - The company has implemented measures to manage accounts receivable risks, including strict credit evaluations and timely collection efforts[174]. - The company reported a total of 27,821.02 million CNY raised through its initial public offering, with 25,892.86 million CNY already utilized[143]. Dividend Policy and Shareholder Relations - The company does not plan to distribute cash dividends or issue bonus shares for the year[8]. - The company has established a profit distribution policy that emphasizes reasonable returns to investors while ensuring sustainable development[179]. - The company’s cash dividend policy requires a minimum of 10% of the distributable profit to be distributed in cash annually[182]. - The independent directors are required to provide clear opinions on the profit distribution proposal before it is submitted to the shareholders' meeting[182]. Operational Efficiency - The company operates on a "sales-driven production" model, tailoring products based on customer orders and providing technical support[42]. - The procurement strategy involves establishing long-term relationships with multiple suppliers to ensure stable raw material supply, particularly for core materials like SBS and EVA[46]. - The company adopts a "make-to-order" production model, ensuring efficient control over product quality, cost, and delivery through a comprehensive ERP system[47]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts, clarifying that these do not constitute binding commitments[7]. - The company has developed a foreign exchange hedging management system to mitigate risks associated with currency fluctuations, particularly due to over 10% of revenue coming from export sales[175]. - The company acknowledges the risk of core technology leakage due to reliance on non-patented technology and plans to implement strict confidentiality measures[169].