Financial Performance - The company's revenue for Q1 2022 was ¥373,310,137.62, a decrease of 29.15% compared to ¥526,865,425.04 in the same period last year[3] - Net profit attributable to shareholders was ¥16,536,025.79, an increase of 30.37% from ¥12,684,021.75 year-on-year[3] - Basic earnings per share increased by 25.00% to ¥0.100 from ¥0.08 in the same period last year[3] - Net profit for the current period is ¥20,961,504.15, compared to ¥18,822,096.33 in the previous period, representing an increase of approximately 6.05%[21] - Basic and diluted earnings per share for the current period are both ¥0.100, up from ¥0.08 in the previous period[21] Cash Flow - The net cash flow from operating activities reached ¥45,510,462.79, a significant improvement of 413.43% compared to -¥14,520,187.55 in the previous year[3] - Cash flow from operating activities for the current period is ¥45,510,462.79, a significant improvement from a negative cash flow of ¥14,520,187.55 in the previous period[23] - The company reported a net cash outflow from investing activities of ¥17,326,672.01, compared to a larger outflow of ¥69,839,223.16 in the previous period[24] - The net cash outflow from financing activities for the current period is ¥28,366,229.07, contrasting with a net inflow of ¥26,108,347.26 in the previous period[24] - The company experienced a foreign exchange loss of ¥14,169.68 affecting cash and cash equivalents[24] Assets and Liabilities - The company's total assets decreased by 6.67% to ¥1,571,154,640.21 from ¥1,683,379,798.65 at the end of the previous year[4] - Total current assets decreased from 962,834,579.14 yuan at the beginning of the year to 864,542,989.87 yuan at the end of the reporting period, a reduction of approximately 10.2%[15] - Total liabilities decreased from 1,347,600,157.64 yuan to 1,214,819,650.19 yuan, a decrease of about 9.8%[17] - The company's cash and cash equivalents increased from 127,420,894.31 yuan to 149,354,041.76 yuan, an increase of about 17.2%[15] - Accounts receivable decreased from 289,559,845.75 yuan to 212,759,966.96 yuan, a decrease of approximately 26.5%[15] - Inventory decreased from 267,709,274.71 yuan to 244,774,579.56 yuan, a decrease of about 8.6%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,731[11] - The largest shareholder, Dongguan Yonglv Industrial Investment Co., Ltd., holds 34.71% of shares, amounting to 55,549,895 shares, with 41,500,000 shares pledged[11] - The company transferred 8.1 million shares from the controlling shareholder to Yang Guofen, who now holds 5.06% of the company's shares[13] Other Financial Metrics - The weighted average return on equity rose to 5.79%, up from 2.45% in the previous year[3] - Research and development expenses decreased by 35.54% to ¥8,019,046.97 from ¥12,440,144.30 year-on-year[8] - The company reported a 70.42% increase in tax refunds received, totaling ¥9,868,520.32 compared to ¥5,790,789.57 in the previous year[9] - The company experienced a 99.66% improvement in net increase in cash and cash equivalents, amounting to -¥196,607.97 compared to -¥57,972,725.46 in the previous year[9] - Other comprehensive income after tax for the current period is ¥406,155.14, compared to a loss of ¥631,326.98 in the previous period[21]

Financial Performance - The company's revenue for Q3 2021 was ¥444,170,781, a decrease of 16.39% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥78,389,338.35, representing a 36.77% increase in losses year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥99,643,786.64, a 21.27% increase in losses compared to the previous year[3]. - Total operating revenue for Q3 2021 reached ¥1,472,525,886.73, an increase of 6.9% compared to ¥1,377,706,655.45 in the same period last year[21]. - The net loss for Q3 2021 was ¥70,637,928.59, compared to a net loss of ¥223,076,729.24 in Q3 2020, indicating a significant improvement[22]. - The company reported a comprehensive loss of ¥71,056,698.63 for the quarter, compared to a comprehensive loss of ¥225,758,152.39 in the previous year[22]. - Basic and diluted earnings per share were both -¥0.36, an improvement from -¥1.16 in the same quarter last year[23]. Cash Flow - The operating cash flow net amount for the year-to-date was ¥97,840,913.70, an increase of 213.32% compared to the same period last year[9]. - Cash inflow from operating activities totaled ¥1,575,059,261.69, down from ¥1,915,398,429.21 in the previous year[24]. - The net cash flow from operating activities for Q3 2021 was ¥97,840,913.70, a significant improvement compared to a negative cash flow of ¥86,343,401.28 in Q3 2020[26]. - The net cash flow from investing activities was negative at ¥130,306,748.43, compared to a larger negative cash flow of ¥238,501,561.30 in the same period last year[26]. - Cash inflow from financing activities decreased to ¥265,706,017.18 in Q3 2021 from ¥617,833,093.92 in Q3 2020, resulting in a net cash outflow of ¥43,418,128.12[26]. - The company reported a cash outflow of ¥309,124,145.30 from financing activities, which included cash payments for debt repayment and interest[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,860,817,183.15, a decrease of 10.87% from the end of the previous year[3]. - Current assets totaled RMB 1,058,351,241.27, down from RMB 1,115,913,723.33, indicating a decrease of about 5.1%[18]. - Non-current assets totaled RMB 802,465,941.88, down from RMB 971,955,618.25, reflecting a decrease of about 17.4%[18]. - The company's total liabilities decreased to ¥1,333,078,415.56 from ¥1,494,627,231.55, indicating a reduction of approximately 10.8%[21]. - The total liabilities increased to ¥1,494,627,231.55 in Q3 2021 from ¥1,565,523,300.00 at the end of 2020[31]. - Owner's equity totaled ¥527,738,767.59, down from ¥593,242,110.03, representing a decline of about 11.0%[21]. Investments and Shareholder Information - The company plans to issue up to 48.006 million shares, raising a maximum of RMB 281.5897 million for projects including biodegradable materials[14]. - The company completed the transfer of 84.75% equity in its subsidiary for RMB 47 million, and the transfer of 52% equity in another subsidiary for RMB 33.8 million[14][15]. - The total number of ordinary shareholders at the end of the reporting period was 13,908[10]. Operational Efficiency - The cash flow from operating activities showed a positive trend, indicating improved operational efficiency and cash management strategies[26]. - Research and development expenses increased to ¥48,408,858.20 from ¥39,693,747.87, reflecting a year-over-year growth of 21.5%[21]. - The company has authorized the chairman to handle the equity and debt transfer matters, indicating a strategic shift in asset management[14]. Other Information - The company implemented a new leasing standard starting January 1, 2021, which resulted in adjustments to the balance sheet[28]. - The third quarter report of Guangdong Guoli Technology Co., Ltd. is unaudited[32]. - The company has implemented new leasing standards starting from 2021, with retrospective adjustments to prior comparative data[33].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2021, representing a year-on-year increase of 15% compared to RMB 435 million in the same period of 2020[15]. - The net profit attributable to shareholders was RMB 80 million, up 20% from RMB 66.67 million in the first half of 2020[15]. - The company's operating revenue for the reporting period was ¥1,028,355,105.73, representing a 21.49% increase compared to ¥846,448,844.92 in the same period last year[21]. - The net profit attributable to shareholders was ¥21,145,872.26, a significant turnaround from a loss of ¥61,600,951.85 in the previous year, marking a 134.33% improvement[21]. - In the first half of 2021, the company achieved revenue of 1,028.36 million CNY, an increase of 21.49% year-on-year, and a net profit of 21.15 million CNY, up 134.33% year-on-year[72]. - Revenue from EVA and TPR environmentally modified materials and products reached 360.56 million CNY, accounting for 35.06% of total revenue, with a year-on-year increase of 77.55%[72]. - The gross profit for EVA and TPR products was 79.71 million CNY, a significant increase of 397.55% compared to the previous year[72]. Research and Development - The company plans to invest RMB 50 million in research and development for new product lines in the upcoming year, focusing on sustainable materials[15]. - The company aims to strengthen its R&D capabilities to enhance core competitiveness and capture a larger market share in the low-carbon and environmentally friendly polymer materials sector[32]. - The company plans to increase R&D investment to develop stable and high-quality environmentally friendly modified materials in response to growing market demand[32]. - The company has over 20 invention patents and more than 8,000 environmental new material technology formulas, showcasing its strong R&D capabilities[78]. - The company is committed to increasing R&D investment annually and ensuring product innovation to meet market demands[117]. Market Expansion and Strategy - The company has set a revenue target of RMB 1.2 billion for the full year 2021, which would represent a growth of 10% over 2020[15]. - Market expansion efforts include entering two new provinces, aiming for a 30% increase in market share in those regions by the end of 2022[15]. - The company is exploring potential acquisitions in the technology sector to enhance its product offerings and market reach[15]. - The company is focused on expanding its market presence and production scale to address competitive pressures in the modified materials sector[114]. - The company has established long-term cooperative relationships with well-known brands such as CROCS, AMAZON, and DISNEY, enhancing its market position[33]. Production and Operations - A new production facility is planned to be operational by Q4 2021, expected to increase production capacity by 40%[15]. - The production model is based on "sales-driven production," where products are developed according to customer orders, ensuring tailored solutions[39]. - The company operates on a "make-to-order" production model, ensuring efficient control over product quality, cost, and delivery timelines through a comprehensive ERP system[43]. - The company has developed 8,062 product formulas, which are a core competitive advantage, allowing for the customization of products to meet client specifications[58]. - The company maintains long-term partnerships with multiple suppliers to ensure stable raw material supply, implementing a dynamic management system for supplier evaluation[42]. Financial Management - The company has not declared any cash dividends for the current fiscal year, opting to reinvest profits into growth initiatives[15]. - The company has a total of 27,821.02 million in raised funds, with 25,166.46 million already utilized[95]. - The company reported a credit impairment loss of -9,715,895.22, which is -46.25% of total profit, primarily due to provisions for accounts receivable[87]. - The company has implemented strict management of accounts receivable to mitigate risks of uncollectible debts, emphasizing timely credit assessments and collection efforts[123]. - The company is exploring new financing channels to improve its capital structure and ensure operational sustainability amid high short-term borrowing[121]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased raw material costs, with strategies in place to mitigate these risks[15]. - The global macroeconomic environment remains weak due to the ongoing impact of the pandemic, affecting overall industry growth[30]. - The company faces risks from the ongoing COVID-19 pandemic, which has impacted market demand and operational stability[112]. - Fluctuations in raw material prices, particularly for petrochemical products, pose a risk to the company's production costs and profit margins[113]. - The domestic modified materials industry has low market concentration, leading to intense competition, particularly in the low-end market[114]. Legal and Compliance - The company has ongoing litigation against Shenzhen Qianhai Jinxin Petroleum Chemical Co., Ltd. for a total claim of 3,096.39 million, which is currently in mediation[145]. - The company is pursuing a claim against Guangdong Zhongqian Petrochemical Co., Ltd. for 4,267.06 million due to failure to deliver goods as per contract, which is also in litigation[145]. - The company has a pending claim against Huizhou Zhengjiyuan Industrial Co., Ltd. for 146.1 million, with a first phase of repayment amounting to 400,000 already executed[146]. - The company is involved in multiple legal disputes, with claims totaling approximately 600 million, 900 million, and 360 million related to shareholder rights disputes[147]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[139].

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]

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 - Total revenue for Q1 2020 was ¥337,388,574.17, a decrease of 8.35% compared to ¥368,139,847.28 in the same period last year[7] - Net profit attributable to shareholders was -¥34,035,654.31, representing a decline of 496.69% from ¥8,580,001.31 in the previous year[7] - Basic and diluted earnings per share were both -¥0.21, down 520.00% from ¥0.05 in the same period last year[7] - Operating revenue decreased by 8.35% to CNY 337,388,574.17 compared to CNY 368,139,847.28 in the previous period, primarily due to reduced orders impacted by the pandemic[19] - In Q1 2020, the company achieved operating revenue of 337.39 million yuan, a decrease of 8.35% year-on-year, and a net profit attributable to shareholders of -34.04 million yuan, down 496.69% year-on-year[23] - The company reported a net loss for Q1 2020 of CNY 41,699,043.02, compared to a net profit of CNY 7,251,668.52 in Q1 2019[62] - The company experienced a total comprehensive loss of ¥22,152,438.79 for Q1 2020, compared to a comprehensive income of ¥11,720,397.12 in Q1 2019[64] Cash Flow and Assets - 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 previous year[7] - Cash received from sales increased by 67.63% to CNY 586,665,890.57, driven by sales growth during the reporting period[21] - The company's cash and cash equivalents were RMB 184,937,122.84 as of March 31, 2020, compared to RMB 167,902,948.91 at the end of 2019, representing a growth of approximately 10.16%[50] - The net cash flow from operating activities was -109,299,587.72, a significant decrease compared to the previous period's positive cash flow of 185,682.35[71] - Cash and cash equivalents at the end of the period totaled 93,031,088.74, down from 129,658,704.23 at the end of the previous period[72] Liabilities and Equity - The company reported a total liability of RMB 1,112,145,189.50, which increased from RMB 977,230,782.82, marking a rise of approximately 13.76%[52][53] - The company's equity attributable to shareholders was RMB 809,499,202.10, down from RMB 844,035,281.37, indicating a decrease of about 4.09%[53] - Total liabilities increased to CNY 831,077,653.70 from CNY 686,185,734.98, indicating a rise of 21.2%[59] Government Support and Subsidies - The company received government subsidies amounting to ¥471,743.12 during the reporting period[8] - Other income rose significantly by 297.89% to CNY 473,250.25, mainly due to increased government subsidies received[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,861[10] - The largest shareholder, Dongguan Yonglv Industrial Investment Co., Ltd., held 40.78% of the shares, amounting to 65,250,000 shares[10] - The company reported no significant changes in the ownership structure of the top ten shareholders during the reporting period[11] Research and Development - The company plans to enhance R&D investment and strengthen core competitiveness to mitigate market competition risks[29] - The company has 7,156 formulas, including 2,649 for EVA and 1,909 for TPR, highlighting its extensive product development capabilities[32] - The company reported a significant increase in research and development expenses to CNY 10,566,718.87, up from CNY 9,662,831.61 in the previous year[61] Market and Operational Risks - The company faces risks related to the fluctuation of raw material prices, which are linked to global oil prices, impacting production costs and profit margins[28] - The global COVID-19 pandemic is expected to negatively impact the company's revenue and profits due to restrictions on transportation and employee attendance[38] - The company plans to enhance operational efficiency and reduce costs to safeguard cash flow amid the pandemic[38] Investment and Projects - The EVA environmental modification materials project has a total investment commitment of 163.20 million yuan, with 84.92% of the project completed by June 2021[41] - The company has allocated a total of RMB 8,000 million for working capital, representing 100% of the planned investment[42] - The company has not encountered any major changes in project feasibility[42] Financial Reporting Changes - The company has implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting[73] - The first quarter report was not audited, indicating preliminary financial data[80]

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 - 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 - 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].