Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15% compared to RMB 435 million in the same period of 2019[11]. - The net profit attributable to shareholders for the first half of 2020 was RMB 80 million, up 20% from RMB 66.67 million in the first half of 2019[11]. - The company's operating revenue for the reporting period was ¥846,448,844.92, a decrease of 3.16% compared to the same period last year[18]. - The net profit attributable to shareholders was -¥61,600,951.85, representing a decline of 360.96% year-over-year[18]. - The net cash flow from operating activities was -¥67,405,183.04, a significant decrease of 689.62% compared to the previous year[18]. - The company anticipates a revenue growth forecast of 10-15% for the second half of 2020, driven by increased demand in the domestic market[11]. - The company's gross margin for the first half of 2020 was reported at 35%, a slight increase from 33% in the same period of 2019[11]. Research and Development - Research and development expenses for the first half of 2020 amounted to RMB 30 million, accounting for 6% of total revenue, aimed at enhancing product innovation[11]. - The company has developed a total of 7,505 formulas, including 2,715 for EVA environmentally friendly modified materials and 2,055 for TPR modified materials[91]. - The company plans to enhance its R&D capabilities and strengthen its core competitiveness to mitigate market competition risks[145]. - R&D for EVA and TPR materials involves close collaboration with customers to meet specific performance and design requirements[50]. - The company has invested significantly in R&D to maintain its technological innovation capabilities, with a focus on developing new products to meet customer needs[91]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region by the end of 2021[11]. - The company is exploring potential mergers and acquisitions to enhance its supply chain capabilities, with a target completion date by the end of 2021[11]. - The company has established strong partnerships with well-known brands such as CROCS, SKECHERS, and AMAZON, providing them with environmentally friendly materials and technical services[30]. - The company aims to leverage its long-term customer resources and competitive advantages to create a new type of supply chain management business[78]. Supply Chain and Production - The company has established long-term partnerships with multiple suppliers to ensure stable raw material supply, including SBS and EVA[42]. - The production model is based on "sales-driven production," where products are developed and manufactured according to customer orders[39]. - The company has a flexible production line and just-in-time production system, enhancing its responsiveness to customer demands[86]. - The supply chain management service is designed to provide efficient, low-cost solutions by integrating resources and improving procurement strategies, thus enhancing customer loyalty[80]. Environmental Commitment - The company is focusing on the development of new eco-friendly materials, with an investment of RMB 20 million allocated for this initiative in 2020[11]. - The production of EVA environmentally friendly modified materials includes a certain proportion of recycled materials, enhancing sustainability[31]. - TPR environmentally modified materials contain 5%-30% recycled materials, primarily used for high-end footwear and sports equipment[34]. - The company produces EVA and TPR environmentally modified materials, which are essential for the production of footwear, ensuring stable performance and a variety of product formulations[75]. Financial Management and Investments - The company's long-term equity investments increased by 34.36% compared to the beginning of the period, primarily due to capital contributions to the affiliated company Guo Li Education[88]. - The company has a total of RMB 10.5 million in approved guarantees during the reporting period, with actual guarantees amounting to RMB 7.3 million[180]. - The company reported a prepayment amount of CNY 188,597,579.33, which represents 9.10% of total assets, indicating an increase due to growth in supply chain and trade activities[121]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[136][137]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly for SBS, EVA, and other petrochemical products, which are linked to global oil prices[144]. - The COVID-19 pandemic has delayed customer resumption of work, impacting normal production and operations, leading to potential ongoing declines in profitability[154]. - The company is aware of the risks associated with leasing properties that have ownership issues and is taking steps to mitigate these risks[149]. - The company's export sales accounted for 17.11% of total revenue, exposing it to foreign exchange risks due to fluctuations in the USD exchange rate[152]. Corporate Governance - The company did not distribute cash dividends or issue bonus shares during the reporting period[159]. - There were no significant lawsuits or arbitration matters affecting the company during the reporting period[164]. - The company reported no major related party transactions during the reporting period[167]. - The company has not implemented any employee incentive plans during the reporting period[166].

Financial Performance - Operating revenue decreased by 39.08% to ¥531,257,810.53 for the current period, and by 21.10% to ¥1,377,706,655.45 year-to-date[7] - Net profit attributable to shareholders was a loss of ¥123,975,139.93, representing a decrease of 2,497.99% compared to the same period last year[7] - Basic earnings per share were -¥0.77, a decrease of 2,666.67% year-on-year[7] - The net profit attributable to the parent company was CNY -185,576,091.78, a decrease of 744.90% due to reduced orders from the pandemic and increased depreciation expenses[17] - The net loss for the current period was ¥146,673,601.62, compared to a net profit of ¥2,187,027.39 in the previous period[39] - Operating profit for the current period is a loss of ¥223,049,935.99, compared to a profit of ¥27,573,678.71 in the previous period[43] - Net profit for the current period is a loss of ¥223,076,729.24, compared to a profit of ¥22,290,417.30 in the previous period[44] - Total comprehensive income for the current period is -¥225,758,152.39, compared to ¥22,523,863.58 in the previous period[44] Cash Flow - The net cash flow from operating activities was a negative ¥18,938,218.24, a decline of 61.30% compared to the same period last year[7] - Operating cash flow net amount was CNY -86,343,401.28, a decline of 130.26% mainly due to increased operational expenditures from new subsidiaries[17] - Investment cash flow net amount was CNY -238,501,561.30, an increase of 155.97% due to higher construction expenditures[17] - The total cash inflow from operating activities for the period was CNY 1,915,398,429.21, compared to CNY 1,874,888,000.26 in the previous period, reflecting an increase of approximately 2%[48] - The net cash flow from operating activities was negative at CNY -86,343,401.28, worsening from CNY -37,498,470.95 in the previous period[48] - Cash inflow from financing activities was CNY 617,833,093.92, up from CNY 420,298,827.01 in the previous period, marking an increase of approximately 47%[50] - The net cash flow from financing activities improved to CNY 268,812,990.89 from CNY 79,809,910.63 in the previous period[50] Assets and Liabilities - Total assets increased by 11.65% to ¥2,127,198,747.81 compared to the end of the previous year[7] - Total current assets increased to CNY 1,219,542,663.03 as of September 30, 2020, up from CNY 1,144,462,442.38 at the end of 2019, representing a growth of approximately 6.5%[29] - Total non-current assets reached CNY 907,656,084.78, up from CNY 760,807,669.61, reflecting an increase of around 19.3%[30] - Total liabilities reached CNY 1,377,797,984.65, up from CNY 977,230,782.82, indicating a growth of approximately 40.9%[31] - Total current liabilities increased to CNY 1,101,700,277.53 from CNY 761,285,724.14, representing a rise of approximately 45%[31] - Short-term borrowings increased by 68.35% to CNY 490,884,088.59, driven by the expansion of operational scale[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,186[11] - The largest shareholder, Dongguan Yonglv Industrial Investment Co., Ltd., holds 40.78% of the shares[11] - The company did not engage in any repurchase transactions during the reporting period[12] Financial Expenses - The company reported a significant increase in financial expenses by 234.80% to CNY 32,730,265.23, primarily due to increased bank borrowings[17] - The company reported a significant increase in financial expenses, totaling ¥16,013,561.63, compared to ¥1,584,319.90 in the previous period[38] Other Financial Metrics - The weighted average return on net assets was -15.38%, down from -15.99% in the previous year[7] - Research and development expenses were ¥15,039,868.00, slightly up from ¥14,900,624.43, indicating a 0.9% increase[38] - Research and development expenses for the current period are ¥39,693,747.87, slightly up from ¥39,619,417.75 in the previous period[43] - Other comprehensive income after tax was -¥2,812,036.54, compared to -¥19,385.11 in the previous period[39]

广东国立科技股份有限公司 2020 年第一季度报告（更新后） 2020-046 2020 年 04 月 广东国立科技股份有限公司 2020 年第一季度报告全文 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 2020 年第一季度报告全文 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） | 337,388,574.17 | 368,139,847.28 | -8.35% | | 归属于上市公司股东的净利润（元） | -34,035,654.31 | 8,580,001.31 | -496.69% | | ...

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 ¥1,926,915,850.23, a decrease of 25.94% compared to ¥2,601,979,010.34 in 2019[21]. - The net profit attributable to shareholders was -¥317,303,651.63, representing a decline of 1,322.40% from a profit of ¥25,957,352.64 in the previous year[21]. - The net cash flow from operating activities was -¥61,760,267.65, a decrease of 223.09% compared to ¥50,173,891.28 in 2019[21]. - The gross profit margin was 5.1%, a decrease of 11.15% compared to the previous year[90]. - The company reported a significant loss in net profit for Q4 2020, amounting to -¥131,727,559.85[24]. - The company faced significant asset impairment losses totaling 155.05 million, an increase of 141.81 million year-on-year[91]. - The company reported a net loss of CNY 119,228,322.84, a decrease of 16.35% compared to the previous year, mainly due to reduced orders and increased financial expenses caused by the pandemic[134]. Strategic Focus and Business Adjustments - 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 adjusted its business structure in 2020 to focus more on low-carbon and environmentally friendly new materials, reducing supply chain business[117]. - The company is committed to managing accounts receivable and improving cash flow management to enhance operational stability[6]. - The company has established long-term partnerships with well-known brands such as CROCS, AMAZON, and DISNEY, enhancing its market position[36]. Research and Development - The company aims to enhance its R&D capabilities to meet the growing demand for environmentally friendly modified materials, driven by consumer preferences and policy support[35]. - The company has developed biodegradable materials, with over 19 invention patents and more than 8,000 environmental new material technology formulas[86]. - The company has a total of 2,890 related formulas and 2 authorized patents for its EVA environmentally friendly modified materials, indicating a strong R&D capability[99]. - The company has reported a total of 27,821.02 million in raised funds, with specific allocations for various projects under review[147]. - The company is committed to enhancing its R&D capabilities by investing in advanced equipment and talent to ensure the competitiveness of its product lines in the environmental modification polymer materials sector[147]. Market Conditions and Future Outlook - The global macroeconomic environment remained weak due to the pandemic, impacting industrial growth and trade performance[33]. - The company anticipates a rebound in demand for its products as the pandemic is controlled, with gradual recovery expected in the plastic and rubber products industry[6]. - The automotive parts business is expected to grow significantly, with the Chinese automotive production and sales projected to reach 32 million units by 2025[77]. - The market for environmentally friendly modified materials is expected to expand significantly, providing a favorable outlook for the company's growth[35]. Financial Management and Risks - Future plans and performance forecasts are subject to risks, and the company advises investors to maintain awareness of these risks[7]. - The company faces risks from market demand fluctuations due to the COVID-19 pandemic and raw material price volatility, which could impact production costs and profitability[163][164]. - The company is committed to strengthening its core competitiveness through increased R&D investment and innovation to mitigate market competition risks[166]. - The company has implemented measures to manage accounts receivable, as increasing balances could lead to bad debts if major clients face financial difficulties[173]. Shareholder and Dividend Policies - 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, prioritizing cash dividends, with a minimum of 10% of distributable profits to be distributed annually[179]. - The total cash dividend amount for 2020 was RMB 0, with no other forms of cash distribution[184]. - The company's profit distribution plan for the reporting period is consistent with the company’s articles of association and dividend management measures[183]. Subsidiaries and Investments - The company established subsidiaries Guo Li Jie Lin and Guangdong Yun Su, which reported losses of RMB 7,344,061.09 and RMB 286,454.39 respectively[155]. - The subsidiary Guo Li Supply Chain reported a net loss of RMB 64,045,688.76, with total assets of RMB 84,185,991.75 and operating revenue of RMB 536,472,303.51[153]. - The company has added several wholly-owned subsidiaries as implementation subjects for the EVA environmental modification materials project, expanding its operational footprint[148]. Compliance and Governance - The company has committed to compensating investors for any losses incurred due to false statements or omissions in the prospectus[193]. - The company has not issued a non-standard audit report for the reporting period[196]. - The company has fulfilled all commitments made to minority shareholders on time[193].

Financial Performance - The company's revenue for Q1 2021 was ¥526,865,425.04, representing a 56.16% increase compared to ¥337,388,574.17 in the same period last year[9] - Net profit attributable to shareholders was ¥12,684,021.75, a significant turnaround from a loss of ¥34,035,654.31 in the previous year, marking a 137.27% improvement[9] - The net profit after deducting non-recurring gains and losses was ¥11,681,330.35, compared to a loss of ¥34,110,829.93 last year, reflecting a 134.25% increase[9] - Basic earnings per share increased to ¥0.08 from -¥0.21, showing a 138.10% improvement[9] - The company reported a net loss of ¥106,544,301.09, an improvement from a loss of ¥119,228,322.84 in the previous year[48] - The company's total equity reached ¥616,809,903.34, up from ¥593,242,110.03, indicating a growth of 4.0%[48] - The company reported a total comprehensive income of CNY 18.19 million for Q1 2021, compared to a loss of CNY 42.20 million in the same quarter last year[56] - The total profit for Q1 2021 was CNY 18.31 million, a recovery from a loss of CNY 41.92 million in the same quarter last year[55] Cash Flow - The net cash flow from operating activities improved to -¥14,520,187.55, an 86.91% improvement from -¥110,925,587.51 in the previous year[9] - The company reported a cash inflow from operating activities of CNY 484.36 million, indicating strong cash generation capabilities[61] - Total cash inflow from operating activities was 497,797,309.67 CNY, while cash outflow was 512,317,497.22 CNY, resulting in a net cash flow of -14,520,187.55 CNY[62] - Cash flow from investing activities showed a net outflow of -69,839,223.16 CNY, compared to -99,120,774.56 CNY in the previous period, reflecting a decrease in investment expenditures[63] - The total cash outflow for operating activities was 148,507,862.52 CNY, down from 250,040,329.93 CNY previously, indicating improved cash management[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,198,518,411.11, up 5.30% from ¥2,087,869,341.58 at the end of the previous year[9] - Total liabilities increased to ¥1,581,708,507.77 from ¥1,494,627,231.55, marking a rise of 5.8%[48] - As of March 31, 2021, the company's total current assets amounted to CNY 1,134,902,027.38, an increase from CNY 1,115,913,723.33 as of December 31, 2020, reflecting a growth of approximately 1.1%[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,632[11] - The actual controllers of the company hold significant shares, which may influence decision-making and potentially affect the interests of other shareholders[30] Market and Competition Risks - The company faces risks from the COVID-19 pandemic affecting market demand, with uncertainties in future export business due to global pandemic conditions[25] - Fluctuations in raw material prices, particularly for SBS, EVA, and other petrochemical products, pose a risk to production costs and profit margins, as price adjustments may not fully transfer to downstream customers[26] - The domestic modified materials industry has low market concentration, leading to intense competition, especially in the low-end market, which complicates the company's market expansion efforts[27] Research and Development - The company emphasizes the importance of R&D investment to develop new products and enhance core competitiveness to mitigate market competition risks[28] - The company is accelerating the construction of its R&D center and ensuring annual R&D investment to maintain technological innovation capabilities[28] - Research and development expenses increased to CNY 12.44 million, up 17.7% from CNY 10.57 million in the previous year, reflecting the company's commitment to innovation[55] Fundraising and Investment - The total amount of funds raised this quarter is 27,821.02 million[35] - Cumulative investment of raised funds amounts to 25,992.92 million[35] - The company has successfully returned CNY 3,000,000 of temporarily used idle fundraising to the special account by March 29, 2021[38] - The company has not identified any significant changes in project feasibility[36] - There are no plans for the use of excess raised funds[36]

Financial Performance - Operating revenue for the current period was CNY 582,751,539.93, a decrease of 33.18% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 123,975,139.93, a decrease of 2,497.99% year-on-year[7] - Basic earnings per share for the current period was -CNY 0.77, a decrease of 2,666.67% year-on-year[7] - The net profit attributable to the parent company was CNY -185,576,091.78, a decrease of 744.90% compared to the previous year, impacted by reduced orders due to the pandemic[17] - The net loss for the current period was ¥146,673,601.62, compared to a net profit of ¥2,187,027.39 in the previous period[39] - The net profit for the current period was a loss of ¥223,076,729.24, compared to a profit of ¥22,290,417.30 in the previous period, indicating a significant decline[44] - The total profit for the current period was a loss of ¥220,917,348.74, compared to a profit of ¥27,513,716.79 in the previous period[44] - Basic and diluted earnings per share for the current period were both -¥1.16, a decrease from ¥0.18 in the previous period[44] Assets and Liabilities - Total assets increased by 11.65% to CNY 2,127,198,747.81 compared to the end of the previous year[7] - Total liabilities increased to CNY 1,377,797,984.65, compared to CNY 977,230,782.82, indicating a rise of approximately 40.9%[31] - Current assets totaled CNY 1,219,542,663.03, an increase of 6.6% from CNY 1,144,462,442.38 in the previous period[29] - Non-current assets amounted to CNY 907,656,084.78, up from CNY 760,807,669.61, which is an increase of about 19.3%[30] - The company's equity decreased to CNY 749,400,763.16 from CNY 928,039,329.17, a decline of approximately 19.3%[32] - Total liabilities reached CNY 977,230,782.82, with current liabilities accounting for CNY 761,285,724.14[57] Cash Flow - Net cash flow from operating activities was -CNY 18,938,218.24, a decrease of 61.30% year-on-year[7] - Cash flow from operating activities showed a net outflow of CNY -86,343,401.28, a decline of 130.26% year-on-year, mainly due to increased operational expenditures[17] - The total cash inflow from operating activities for the period was CNY 1,915,398,429.21, compared to CNY 1,874,888,000.26 in the previous period, reflecting an increase of approximately 2%[47] - The net cash outflow from operating activities was CNY -86,343,401.28, worsening from CNY -37,498,470.95 in the previous period[47] - Cash inflow from financing activities totaled CNY 617,833,093.92, up from CNY 420,298,827.01 in the previous period, representing a growth of approximately 47%[48] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,186[11] - The largest shareholder, Dongguan Yonglv Industrial Investment Co., Ltd., holds 40.78% of the shares, with 65,250,000 shares pledged[11] Expenses - The company reported a 156.55% increase in selling expenses to CNY 58,977,727.42, driven by increased brand usage fees and logistics costs[17] - Research and development expenses were ¥15,039,868.00, slightly up from ¥14,900,624.43, indicating a 0.9% increase[38] - Financial expenses increased significantly to ¥32,730,265.23 from ¥9,776,090.84, primarily due to higher interest expenses[43] Other Financial Metrics - The company reported non-recurring gains and losses totaling CNY 2,406,218.86 for the year-to-date[8] - The company did not declare a cash dividend during the reporting period, distributing CNY 4,640,580 in cash dividends based on the 2019 annual equity distribution plan[21] - The company experienced a credit impairment loss of ¥78,923,258.43, compared to a loss of ¥6,866,757.12 in the previous period, reflecting a deterioration in asset quality[43]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2020, representing a 10% increase compared to the same period in 2019[11]. - The net profit attributable to shareholders was RMB 80 million, a decrease of 5% year-on-year[11]. - The company's operating revenue for the reporting period was ¥1,186,837,079.89, representing a 35.78% increase compared to ¥874,108,684.35 in the same period last year[18]. - The net profit attributable to shareholders was -¥61,600,951.85, a decrease of 360.96% from ¥23,605,916.36 in the previous year[18]. - The net cash flow from operating activities was -¥67,405,183.04, a decline of 689.62% compared to ¥11,431,993.33 in the same period last year[18]. - The company reported a total of -¥185,329.81 in non-recurring gains and losses for the reporting period[22]. - The company reported a loss during the reporting period due to a decrease in order volume caused by the COVID-19 pandemic[143]. - The company reported a net profit attributable to shareholders of -17.27 million yuan from subsidiaries affected by the COVID-19 pandemic[101]. - The company’s subsidiary Guoli Tongying reported a net profit loss of 11.30 million during the reporting period[142]. - The company’s subsidiary Guoli New Materials amounted to RMB 273.17 million, with a net profit loss of RMB 7.25 million[142]. Research and Development - The company plans to invest RMB 50 million in R&D for new product development in the next fiscal year[11]. - The company’s R&D investment for the first half of 2020 was 24.65 million yuan, accounting for 2.08% of operating revenue, consistent with the previous year's ratio[100]. - The number of R&D personnel increased to 280, representing 6.06% of the total workforce, up from 5.56% in the previous year[103]. - The company has developed 27 invention patents and 20 domestic registered trademarks, emphasizing its commitment to innovation and technology[147]. - The company possesses 7,505 product formulations, which are a crucial part of its core competitiveness, allowing it to design products that meet customer requirements[68]. - The R&D process involves close collaboration with customers to develop tailored formulations and prototypes for EVA and TPR materials[49]. - The company is focused on low-carbon and environmentally friendly materials, aligning with national policies on sustainable development and circular economy[93]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 20% increase in market share by 2021[11]. - Future guidance indicates a projected revenue growth of 12% for the second half of 2020[11]. - The demand for environmentally friendly modified materials is expected to expand further, driven by the increasing awareness of environmental protection and related policies, presenting a broad market prospect[55]. - The company is expanding its automotive parts business, which is expected to create synergies with its engineering plastics segment[144]. - The automotive parts business is primarily conducted by the subsidiary Dajiang Guoli, which provides integrated solutions for body stamping and welding, capitalizing on the growing automotive industry in China, projected to reach 32 million vehicles by 2025[81]. Supply Chain Management - The company is exploring potential mergers and acquisitions to enhance its supply chain capabilities[11]. - The supply chain management business was established in September 2018 to enhance procurement capabilities and reduce costs, focusing on bulk commodity wholesale and trade services[77]. - The company integrates resources across different regions and industries to provide comprehensive supply chain services, including procurement, manufacturing, logistics, and sales[78]. - The company aims to reduce material costs through resource integration in the supply chain, enhancing customer loyalty and achieving a win-win sales model[78]. - The company has established long-term partnerships with multiple suppliers to ensure stable raw material supply, including SBS and EVA[42]. Environmental and Sustainability Initiatives - The company is engaged in low-carbon, environmentally friendly polymer materials, supply chain management, and automotive parts businesses[26]. - The production of EVA environmentally friendly modified materials includes a certain proportion of recycled materials, enhancing sustainability[31]. - The company’s TPR products are characterized by being environmentally friendly, non-toxic, and recyclable, with applications in various sectors[34]. - The company’s modified plastics include high-gloss, flame-retardant, and antibacterial variants, catering to specific industry needs[36]. Corporate Governance and Risk Management - The company is committed to improving its corporate governance to prevent undue influence from actual controllers on strategic decisions[151]. - The company faces risks related to market competition and supply chain disruptions, with strategies in place to mitigate these risks[4]. - The company is aware of the risks associated with leasing properties that have ownership issues and is taking steps to mitigate these risks[150]. - The company is addressing risks related to the potential loss of core technology due to employee turnover and is implementing strict confidentiality measures[147]. - The company has established a foreign exchange hedging management system to manage exchange rate risks effectively[153]. Investment and Financial Management - Long-term equity investments increased by 34.36% compared to the beginning of the period, primarily due to capital contributions to the affiliated company Guoli Education[87]. - The company made a significant equity investment of CNY 24,000,000.00 in a new educational consulting firm, holding a 30% stake[125]. - The total investment during the reporting period was CNY 164,065,406.67, a decrease of 11.84% compared to the previous year[123]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[137][138]. - The company has not sold any significant assets during the reporting period[140]. Operational Efficiency and Cost Management - The company plans to enhance operational efficiency and reduce costs to mitigate the impact of the pandemic on its business operations[155]. - The company aims to continuously improve automation capabilities, reduce manufacturing costs, and enhance product quality to meet the demands of the automotive industry[85]. - Operating costs rose by 47.61% to 1.12 billion yuan, primarily due to expanded business operations[110]. - Sales expenses surged by 147.88% to 34.95 million yuan, driven by increased sales scale and brand usage fees[110]. Shareholder and Equity Information - The company plans to issue up to 48.006 million shares, raising a total of no more than 350 million yuan for various projects[187]. - The total number of shares after the issuance will remain at 160.02 million, with 40.78% held by Dongguan Yonglv Industrial Investment Co., Ltd.[192]. - The company has 13,050 common stock shareholders as of the reporting period[194]. - The company’s major shareholders include Dongguan Yonglv Industrial Investment Co., Ltd. with a 40.78% stake and Dongguan Shenghe Weiye Investment Co., Ltd. with a 9.06% stake[194].

Financial Performance - The company's operating revenue for 2019 was ¥2,601,979,010.34, representing a 138.27% increase 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 from ¥1,418,870,006.47 at the end of 2018[16]. - The company's basic earnings per share for 2019 was ¥0.16, a decline 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 2,601,979,010.34 in 2019, representing a year-on-year increase of 138.27%[100]. - The net profit attributable to shareholders decreased to CNY 2,595.74 million, down 53.23% compared to the previous year[90]. - The company's revenue from the rubber and plastic products industry was CNY 2,375,991,795.93, accounting for 91.32% of total revenue, with a growth of 120.58% year-on-year[101]. Research and Development - Research and development expenses reached 54.14 million yuan in 2019, representing 2.08% of operating revenue, which was 2.32% lower than the previous year[82]. - The company has developed 6,894 formulations, including 2,603 for EVA environmentally friendly modified materials and 1,907 for TPR[81]. - The company holds 18 invention patents and has increased its R&D personnel to 221, representing 5.56% of the workforce[93]. - The company is involved in the research and development of high polymer new materials through its subsidiary, Shenzhen Guoli[134]. - The company plans to enhance its core competitiveness by increasing R&D investment and developing new products in response to market demands[157]. - The company emphasizes the importance of talent acquisition and collaboration with academic institutions to boost its R&D capabilities and innovation[158]. Production and Operations - The company operates multiple wholly-owned subsidiaries, enhancing its market presence and operational capabilities[8]. - The company’s production model is based on "sales-driven production," where products are developed and manufactured according to customer orders[33]. - The company adopts a "make-to-order" production model, ensuring efficient control over the entire process from order acceptance to delivery, supported by a comprehensive ERP system[37]. - The production process for EVA and TPR materials involves critical steps such as formulation development and quality control to meet customer specifications[50][53]. - The company has established long-term cooperative relationships with multiple suppliers to ensure the stability of raw material supply, particularly for core materials like SBS and EVA[36]. - The company has established a complete industrial chain, integrating production, sales, and technical services in the polymer materials sector[85]. Market and Sales - The company is focused on expanding its market reach and enhancing its product offerings through ongoing research and development efforts[4]. - The company has established long-term cooperative relationships with well-known international brands such as CROCS, SKECHERS, and AMAZON, providing them with environmentally friendly modified materials and related technical services[25]. - The company has export rights and directly sells finished shoes to overseas clients, mainly in Asia and Europe, without significant industry policy restrictions[41]. - The sales model primarily involves direct sales to customers, with a focus on providing extensive technical support due to the diverse nature of high polymer materials[38]. - The company reported a significant increase in sales volume for the textile and apparel sector, with a growth rate of 97.32%[105]. Financial Management and Investments - Long-term equity investments increased by 77.60% compared to the beginning of the period, mainly due to capital contributions to the associated company Guo Li Teng Yun[78]. - Fixed assets grew by 56.60% compared to the beginning of the period, primarily due to the transfer of the headquarters phase II project into fixed assets and new subsidiary equipment investments[78]. - The company has committed to repurchase all newly issued shares if any false statements are found in the prospectus, with the repurchase price based on the higher of the issuance price or the average trading price over the last 30 trading days prior to the regulatory recognition[196]. - The company has established three special accounts for raised funds, with a total balance of CNY 130,757.42 as of December 31, 2019[143]. - The company has invested CNY 273.8 million in various new subsidiaries, with ownership stakes ranging from 51% to 80%[134]. Risk Management - The company faces risks from fluctuations in the prices of key raw materials, which are linked to overall oil market prices, impacting production costs and profit margins[160]. - Export sales accounted for 14.47% of the company's revenue, exposing it to foreign exchange risks due to USD fluctuations[169]. - The ongoing global pandemic is expected to negatively impact the company's revenue and profits due to restrictions on transportation and workforce availability[169]. - The company is addressing risks related to the potential loss of core technology by implementing strict confidentiality measures and enhancing R&D capabilities[163]. - The company is monitoring the risks associated with leased properties that have ownership issues, which could lead to operational disruptions[165]. Dividend Policy - The company reported a cash dividend of 0.29 yuan per 10 shares, totaling 4,640,580 yuan, which represents 100% of the total profit distribution[186]. - The company's distributable profit for the year was 201,548,282.51 yuan, ensuring that at least 20% of the distributable profit is allocated as cash dividends annually[187]. - The cash dividend payout ratio for 2019 is 17.88%, compared to 19.03% in 2018 and 25.99% in 2017[190]. - The company has maintained a positive distributable profit for ordinary shareholders over the reporting period[190]. - The cash dividends for 2019 represent a decrease from the previous years, indicating a potential shift in dividend policy[190]. Governance and Compliance - The company emphasizes that all board members attended the meeting to review the report, ensuring accountability for the accuracy of the financial statements[3]. - The company has established a comprehensive governance structure, including a board of directors and a supervisory board, to oversee its operations[3]. - The company has not reported any non-standard audit opinions for the recent period, indicating compliance with auditing standards[199]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, ensuring financial integrity[198]. - The company has ensured that all commitments made by controlling shareholders and related parties have been fulfilled by the end of the reporting period[199].

Financial Performance - Total revenue for Q1 2020 reached ¥580,587,791.77, representing a 57.71% increase compared to ¥368,139,847.28 in the same period last year[8] - Net profit attributable to shareholders was -¥34,035,654.31, a decline of 496.69% from ¥8,580,001.31 in the previous year[8] - Basic and diluted earnings per share were both -¥0.21, down 520.00% from ¥0.05 in the previous year[8] - Operating revenue for the first quarter reached ¥580,587,791.77, an increase of 57.71% compared to ¥368,139,847.28 in the previous year, driven by increased sales from subsidiaries[20] - The company achieved operating revenue of 580.59 million yuan in Q1 2020, a year-on-year increase of 57.71%[24] - The net profit attributable to shareholders was -34.04 million yuan, a decline of 496.69% compared to the same period last year[24] - The company reported a net loss for Q1 2020 amounted to CNY 41,699,043.02, compared to a net profit of CNY 7,251,668.52 in Q1 2019[58] Cash Flow and Financing - The net cash flow from operating activities was -¥110,925,587.51, a significant decrease of 1,559.00% compared to -¥6,686,276.57 in the same period last year[8] - The net cash flow from financing activities was ¥223,502,829.77, a 203.58% increase from ¥73,621,916.28, driven by increased bank borrowings[22] - The company reported a total cash inflow from financing activities of ¥336,743,999.93, compared to ¥117,077,535.54 in Q1 2019, indicating increased financing efforts[64] - The net cash flow from financing activities was $204.7 million, up 218.0% from $64.3 million in the prior period[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,017,129,168.69, an increase of 5.87% from ¥1,905,270,111.99 at the end of the previous year[8] - The total liabilities rose to RMB 1,112,145,189.50 from RMB 977,230,782.82, marking an increase of around 13.78%[51] - The company's total assets as of March 31, 2020, were CNY 1,654,020,903.18, an increase from CNY 1,528,586,196.21 at the end of 2019[54] - The company's total liabilities increased to CNY 831,077,653.70 from CNY 686,185,734.98, representing a rise of 21.2%[55] Operational Costs - Operating costs rose to ¥555,377,832.28, a 74.23% increase from ¥318,760,964.95, primarily due to higher sales and production costs impacted by the pandemic[20] - Total operating costs for Q1 2020 were CNY 612,346,119.51, up 71.0% from CNY 357,508,102.46 in the same period last year[57] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,861[11] - The largest shareholder, Dongguan Yonglv Industrial Investment Co., Ltd., held 40.78% of the shares, amounting to 65,250,000 shares, with 52,100,000 shares pledged[11] - The actual controllers of the company, Shao Jiantang and Yang Na, hold a combined 75.84% of the shares, with Shao Jiantang as the chairman and Yang Na as the vice-chairman and deputy general manager[33] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 10,566,718.87, compared to CNY 9,662,831.61 in the previous year[57] - The company plans to enhance R&D investment and strengthen core competitiveness to mitigate market competition risks[29] Market and Economic Conditions - The global COVID-19 pandemic is expected to negatively impact the company's revenue and profits due to restrictions on transportation and employee attendance[37] - The company plans to enhance operational efficiency and reduce costs to safeguard cash flow amid the pandemic[37] Government Support - The company received government subsidies amounting to ¥471,743.12 during the reporting period[9] Compliance and Governance - The company has not reported any non-compliance with external guarantees during the reporting period[45] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[46]

广东国立科技股份有限公司 2019 年第三季度报告 公告编号：2019-071 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 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. ...