江苏华信新材料股份有限公司 2022 年第一季度报告全文 证券代码：300717 证券简称：华信新材 公告编号：2022-016 江苏华信新材料股份有限公司 2022 年第一季度报告 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。 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。 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.第一季度报告是否经过审计 □ 是 √ 否 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 76,750,787.31 | 65,205,666.43 | 17.71% | | 归属于上市公司股东的净利润（元） | 4,516,840.79 | 9,232,35 ...

江苏华信新材料股份有限公司 2021 年年度报告全文 江苏华信新材料股份有限公司 2021 年年度报告 公告编号：2022-008 2022 年 04 月 1 江苏华信新材料股份有限公司 2021 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人李振斌、主管会计工作负责人李兰及会计机构负责人(会计主管 人员)杨希颖声明：保证本年度报告中财务报告的真实、准确、完整。 2 | | | 江苏华信新材料股份有限公司 2021 年年度报告全文 备查文件目录 1、载有公司法定代表人、主管会计工作的公司负责人、公司会计机构负责人（会计主管人员） 签名并盖章的财务报表。 2、报告期内在中国证监会指定网站上公开披露过的所有公司文件的正本及公告的原稿。 3、经公司法定代表人签名的 2021 年年度报告文本原件。 所有董事均已出席了审议本报告的董事会会议。 本报告中所涉及的未来计划，发展战略、经营业绩的预计等前瞻性描述不 构成公司对投资者的实质承诺，投资者及相关人士均应当 ...

Financial Performance - The company's revenue for Q3 2021 was ¥76,382,322.91, representing a 23.21% increase compared to the same period last year[3] - Net profit attributable to shareholders decreased by 80.42% to ¥1,411,480.65 in Q3 2021, and year-to-date net profit decreased by 39.85% to ¥15,545,152.66[3] - The basic earnings per share for Q3 2021 was ¥0.014, down 80.00% year-on-year[3] - The total operating revenue for the third quarter was CNY 213,748,399.99, an increase of 16.9% compared to CNY 182,784,022.58 in the same period last year[28] - The net profit for the quarter was CNY 15,545,152.66, a decrease of 39.9% from CNY 25,845,504.70 in the previous year[30] - The basic and diluted earnings per share were both CNY 0.15, down from CNY 0.25 in the same quarter last year[31] Assets and Liabilities - Total assets as of September 30, 2021, were ¥682,987,488.30, a 2.40% increase from the end of the previous year[4] - The company's total assets reached CNY 682,987,488.30, compared to CNY 666,971,952.31 at the end of the previous quarter, reflecting a growth of 2.4%[26] - The total liabilities increased to CNY 75,027,528.25, up from CNY 66,293,043.67, representing a rise of 13.2%[26] Cash Flow - The company reported a net cash flow from operating activities of ¥25,288,671.98 year-to-date, down 41.27% compared to the same period last year[3] - The net cash flow from operating activities for the current period is CNY 25,288,671.98, a decrease of 41.2% compared to CNY 43,055,937.01 in the previous period[33] - Total cash inflow from operating activities is CNY 175,759,490.95, up 9.9% from CNY 160,965,649.29 in the previous period[33] - Cash outflow from operating activities increased to CNY 150,470,818.97, compared to CNY 117,909,712.28 in the previous period, representing a 27.5% increase[33] - Cash flow from investment activities shows a net outflow of CNY 13,359,549.07, an improvement from a net outflow of CNY 54,554,054.11 in the previous period[34] - Cash and cash equivalents at the end of the period increased to CNY 115,385,520.81, compared to CNY 104,172,411.83 at the end of the previous period, reflecting a growth of 10.5%[34] Operating Costs and Expenses - The company’s operating costs increased by 33.94% to ¥173,752,043.80 for the first nine months of 2021, primarily due to increased transportation costs[10] - The total operating costs amounted to CNY 197,133,774.68, up 27.7% from CNY 154,286,528.96 year-on-year[29] - The company's financial expenses decreased by 94.08% to ¥52,045.21, mainly due to reduced foreign exchange losses[10] - Research and development expenses for the quarter were CNY 7,062,462.07, compared to CNY 6,131,220.72 in the same period last year, indicating an increase of 15.2%[29] Shareholder Information - Total number of common shareholders at the end of the reporting period is 11,647[14] - Jiangsu Huazhi Industrial Co., Ltd. holds 51.00% of shares, totaling 52,224,000 shares[15] - Xu Zhou Huacheng Asset Management Partnership holds 6.30% of shares, totaling 6,451,200 shares[15] - Li Zhenbin holds 1.20% of shares, totaling 1,228,800 shares, with 921,600 shares under lock-up[15] Other Information - The company established a wholly-owned subsidiary, Shanghai Yining Technology Co., Ltd., with a registered capital of ¥30 million on July 28, 2021[20] - The company plans to grant 1.28 million restricted stock options to 79 incentive targets, representing 1.25% of the total share capital[19] - The company implemented the 2020 profit distribution plan on June 25, 2021[18] - The company has no preferred shareholders as of the reporting period[16] - The company received government subsidies amounting to ¥1,474,158.77 year-to-date, a decrease compared to the previous year[6] - The company did not adjust the balance sheet for the new leasing standards as the previous year's leases were short-term[35] - The third-quarter report was not audited, indicating that the financial data may be subject to further review[36]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥137,366,077.08, representing a 13.72% increase compared to ¥120,791,894.15 in the same period last year[26]. - The net profit attributable to shareholders of the listed company decreased by 24.17% to ¥14,133,672.01 from ¥18,637,613.48 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥13,253,424.50, down 24.60% from ¥17,578,039.07 in the same period last year[26]. - Basic earnings per share decreased by 22.22% to ¥0.14 from ¥0.18 in the same period last year[26]. - The company's operating revenue for the reporting period was ¥137,366,077.08, representing a year-on-year increase of 13.72% compared to ¥120,791,894.15 in the same period last year[73]. - Net profit for the period was 14.13 million yuan, a year-on-year decrease of 24.17%[49]. - The decline in net profit was primarily due to high raw material prices and increased employee compensation costs[49]. - Operating costs increased by 24.84% to ¥107,280,162.73 from ¥85,935,805.97, leading to a significant rise in costs[73]. - The company's financial expenses increased by 134.22% to ¥461,548.15, primarily due to a decrease in foreign exchange gains[73]. - Cash and cash equivalents decreased by 76.51% to ¥-11,056,406.11 from ¥-47,060,561.09, reflecting a tighter cash position[75]. - The company's total assets reached CNY 685,707,308.25, compared to CNY 666,971,952.31 at the end of the previous period, reflecting a growth of 2.2%[169]. - The total liabilities amounted to CNY 80,344,368.10, an increase of 21.3% from CNY 66,293,043.67 in the previous period[173]. - The total equity attributable to the parent company was CNY 605,362,940.15, slightly up from CNY 600,678,908.64 in the previous period, indicating a growth of 0.6%[173]. - The company reported a comprehensive income of CNY 14,133,672.01 for the period[189]. - The company distributed dividends amounting to CNY 10,240,000.00 during the reporting period[189]. Cash Flow and Investments - The net cash flow from operating activities increased by 8.90% to ¥9,033,659.33, compared to ¥8,295,318.19 in the previous year[26]. - The cash flow from operating activities was not detailed in the provided content, indicating a need for further analysis[179]. - Cash outflow for investing activities was CNY 18,589,497.09, significantly reduced from CNY 61,207,390.75 in the first half of 2020[182]. - Net cash flow from investing activities was -CNY 9,237,977.44, an improvement from -CNY 35,971,705.82 in the previous year[182]. - Cash outflow for financing activities decreased to CNY 10,240,000.00 from CNY 20,480,000.00 in the first half of 2020[184]. - The net increase in cash and cash equivalents was -CNY 11,056,406.11, compared to -CNY 47,060,561.09 in the same period last year[184]. - The ending balance of cash and cash equivalents was CNY 102,883,462.44, up from CNY 90,135,929.63 at the end of the first half of 2020[184]. Market Position and Business Operations - The main business involves the research, production, and sales of functional film materials, including five major series: PETG, PVC, ABS, PC, and biodegradable materials[33]. - The company is the only listed entity in the domestic smart card substrate industry, providing customized smart card materials for various applications[34]. - The smart card market is projected to reach 38.4 billion units by 2022, indicating significant growth potential[55]. - The company maintains strong R&D capabilities and production scale, allowing for rapid response to market demands[48]. - The company has established stable partnerships with major clients in the smart card manufacturing sector, enhancing its competitive advantage[54]. - The demand for second-generation resident ID cards provides a stable market foundation for the company[57]. - The company focuses on developing high-end products and expanding into the environmental decoration film market[49]. - The smart card industry is not significantly affected by economic cycles, providing a stable business environment for the company[52]. - The promotion of the third-generation social security card is expected to stimulate the demand for card replacements, with over 80% of existing cards being first and second generation[58]. - The trend of converting various certificates into card formats is anticipated to create additional market opportunities for the smart card substrate industry[60]. - The company has achieved sales of over 200 tons of PETG series decorative materials, which are characterized by their environmental friendliness and superior mechanical properties[64]. - The company is a designated supplier for the national "Second Generation Resident ID Card" base materials, highlighting its strategic market position[198]. - The company expanded its business scope to include bio-based material manufacturing and international freight forwarding, enhancing its operational capabilities[197]. Research and Development - Research and development investment rose by 7.73% to ¥4,222,528.96 from ¥3,919,484.64, indicating a commitment to innovation[73]. - The company has accumulated rich technical experience in smart card substrate production, maintaining a high market share in the high-end segment[34]. - The company has developed a range of decorative materials that meet environmental and performance standards, including anti-scratch and UV-resistant properties[43]. - The company holds 56 authorized patents, including 30 invention patents, demonstrating its strong R&D capabilities in the smart card substrate sector[65]. - The company has established a dedicated department for the research and promotion of eco-friendly decorative materials, focusing on PETG series products[42]. - The company is committed to expanding its market presence in eco-friendly decorative materials while maintaining its leadership in smart card substrates[42]. Risk Management and Compliance - The company has identified risks including market demand fluctuations due to the COVID-19 pandemic and raw material price volatility affecting profitability[5]. - The ongoing COVID-19 pandemic poses risks to market demand, which may impact the company's operational performance[94]. - The company strictly adheres to environmental laws and regulations, with no administrative penalties reported during the reporting period[110]. - The company has implemented energy-saving measures, including the use of variable frequency devices and LED lighting, promoting water and electricity conservation among employees[109]. - The company has passed ISO14001, OHSAS18001, and ISO9001 certifications, demonstrating its commitment to environmental management and quality control[109]. Corporate Governance - The company has maintained a stable management team, with no changes in key personnel during the reporting period, ensuring alignment with shareholder interests[71]. - The company held 2 shareholder meetings and 4 board meetings during the reporting period, approving a total of 45 proposals[113]. - The company has maintained a stable dividend policy, ensuring reasonable returns for shareholders while protecting their rights[113]. - Employee salaries were increased during the reporting period, alongside the implementation of stock incentives to enhance employee motivation and creativity[114]. - The company disclosed 79 announcements and achieved a 100% response rate to investor inquiries during the reporting period[117]. - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[122]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[127]. - There were no significant related party transactions or acquisitions during the reporting period[130]. - The company has not reported any penalties or rectifications during the reporting period[128]. - The company has not experienced any significant changes in major contracts or risks during the reporting period[141]. - The company has no related party debts or financial transactions with affiliated financial companies[134].

Financial Performance - The company's revenue for Q1 2021 was CNY 65,205,666.43, representing a 0.36% increase compared to CNY 64,974,044.83 in the same period last year[8] - Net profit attributable to shareholders decreased by 11.11% to CNY 9,232,351.91 from CNY 10,386,673.83 year-on-year[8] - Basic and diluted earnings per share both decreased by 11.05% to CNY 0.0902 from CNY 0.1014 year-on-year[8] - The total operating revenue for the reporting period was 65.21 million yuan, an increase of 0.36% compared to the same period last year[23] - The net profit attributable to shareholders was 9.23 million yuan, a decrease of 11.11% year-on-year[23] - The net profit after deducting non-recurring gains and losses was 8.58 million yuan, down 13.76% from the previous year[23] - The net profit for Q1 2021 was CNY 9,232,351.91, a decrease from CNY 10,386,673.83 in the previous year, reflecting a decline of approximately 11.08%[44] - The basic and diluted earnings per share for Q1 2021 were both CNY 0.0902, down from CNY 0.1014 in the same period last year, a decrease of about 11.79%[45] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, showing a 70.09% increase to -CNY 5,775,670.48 from -CNY 19,307,168.62 in the previous year[8] - The cash flow from operating activities for Q1 2021 was CNY 43,303,461.82, compared to CNY 44,841,291.24 in the previous year, indicating a decrease of about 3.44%[46] - Total cash inflow from investment activities was 9,051,519.65, while cash outflow was 8,053,267.66, resulting in a net cash flow of 998,251.99, contrasting with a significant outflow of -33,702,183.15 in the previous year[48] - The cash and cash equivalents at the end of Q1 2021 stood at 109,732,784.89, down from 113,939,868.55 at the beginning of the quarter, reflecting a net decrease of 4,207,083.66[48] - The company received 1,366,905.15 in tax refunds during the quarter, compared to 784,313.13 in the same period last year, showing a year-over-year increase of approximately 74.2%[47] - Cash paid for purchasing goods and services was 37,836,005.43, a decrease of 28.8% from 53,079,859.68 in Q1 2020, indicating cost control measures[47] - The impact of exchange rate changes on cash and cash equivalents was a positive 570,334.83, compared to 1,109,213.68 in Q1 2020, indicating a decrease in foreign exchange gains[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 665,786,790.38, a slight decrease of 0.18% from CNY 666,971,952.31 at the end of the previous year[8] - The total liabilities decreased to CNY 55,875,529.83 from CNY 66,293,043.67, a reduction of approximately 15.43%[39] - The total amount of purchases from the top five suppliers was 28.71 million yuan, accounting for 37.30% of total purchases, a decrease from 60.10% in the previous year[25] - The inventory as of the end of Q1 2021 was CNY 50,517,319.70, up from CNY 41,846,140.08, indicating an increase of about 20.56%[37] - The total non-current assets increased to CNY 359,894,854.46 from CNY 355,403,992.38, a growth of approximately 1.39%[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,544[12] - The largest shareholder, Jiangsu Huazhi Industrial Co., Ltd., holds 51.00% of the shares, totaling 52,224,000 shares[12] - There were no repurchase transactions conducted by the top 10 shareholders during the reporting period[15] Operational Insights - The company's sales expenses decreased by 81.15% to 493,547.07 yuan, mainly due to transportation costs being included in operating costs[21] - The company's financial expenses improved by 48.51%, resulting in a loss of 665,569.35 yuan, attributed to a decrease in exchange gains[21] - Research and development expenses for Q1 2021 were CNY 2,104,382.26, an increase from CNY 1,984,049.34 in the same period last year, reflecting a growth of approximately 6.06%[43] - The company plans to continue promoting the development of environmentally friendly decorative materials to increase annual production and sales ratios[27] - The company faces risks from fluctuations in raw material prices, particularly for PVC products, and plans to mitigate this by purchasing in bulk during low price periods[28] Audit and Compliance - The first quarter report was not audited, which may affect the reliability of the financial data presented[50] - The company did not need to adjust the initial balance sheet for the new leasing standards, as its leasing activities are classified as short-term[49]

Financial Performance - The company's operating revenue for 2020 was ¥263,416,942.13, a decrease of 16.56% compared to ¥315,686,980.16 in 2019[17] - The net profit attributable to shareholders for 2020 was ¥36,270,192.39, down 29.85% from ¥51,704,271.84 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥33,035,467.47, a decrease of 25.64% from ¥44,424,385.94 in 2019[17] - The basic earnings per share for 2020 was ¥0.350, a decline of 30.00% compared to ¥0.500 in 2019[18] - The total assets at the end of 2020 were ¥666,971,952.31, an increase of 1.56% from ¥656,755,509.55 at the end of 2019[18] - The net assets attributable to shareholders increased by 2.67% to ¥600,678,908.64 at the end of 2020 from ¥585,081,615.19 in 2019[18] - The company reported a net cash flow from operating activities of ¥60,461,213.65, down 13.34% from ¥69,769,736.79 in 2019[17] - The company achieved operating revenue of 263.42 million yuan in 2020, a decrease of 16.56% year-on-year[34] - The net profit for 2020 was 36.27 million yuan, down 29.85% compared to the previous year[34] - The non-recurring net profit was 33.04 million yuan, reflecting a decline of 25.64% year-on-year[34] - The revenue from functional film materials accounted for 99.89% of total revenue, with a year-on-year decrease of 16.57%[75] - PVC sales generated CNY 185.33 million, representing 70.36% of total revenue, with a decline of 20.68% from the previous year[75] - PETG sales increased by 5.41% to CNY 71.68 million, accounting for 27.21% of total revenue[75] - The average price of PVC decreased by 1.98% in the second half of the year compared to the first half[79] - Domestic sales accounted for 85.65% of total revenue, with a year-on-year decrease of 17.70%[75] - The company's financial expenses increased by 304.64% in 2020, amounting to ¥3,543,382.97, primarily due to increased foreign exchange losses[86] - The total amount of cash and cash equivalents at the end of 2020 was ¥115,065,688.11, which is a decrease of 3.64% compared to the beginning of the year[96] - The company reported a significant decrease in investment activity cash inflow by 67.86%, totaling ¥62,500,311.23 in 2020[90] Market Position and Strategy - The company is the only listed company in the smart card substrate industry, enhancing its brand influence and market opportunities[39] - The company has over 20 years of production experience, allowing it to quickly meet diverse product demands from domestic and international smart card manufacturers[39] - The company maintains stable partnerships with major clients, including listed companies and government agencies, ensuring a strong market position[39] - The smart card substrate industry is closely linked to the rapid development of the smart card industry, providing a favorable outlook for the company[41] - The company has a strong R&D capability and production scale, enabling it to respond quickly to market demands[27] - The company has adjusted its business strategy to mitigate the impact of the pandemic, focusing on expanding product varieties and applications[34] - The demand for second-generation resident ID cards and other certificates has established a stable market foundation for the company, enhancing its risk resistance and profitability[44] - The promotion of the third-generation social security card is expected to stimulate a significant replacement demand, as over 80% of existing cards are first and second generation, nearing their usage limits[45] - The trend of converting documents into cards and the integration of multiple card functions are anticipated to expand the smart card substrate market[46] - The 5G-SIM card market is projected to experience substantial growth as the demand for communication cards increases with the advent of 5G technology[48] - The company aims to continue expanding its product applications in the functional film materials market while maintaining its leading position in the smart card substrate field[52] - The company has established a non-card market expansion team to develop and promote non-card products, aiming to broaden application fields[65] - The company has established stable partnerships with equipment manufacturers and actively engages in industry-academia-research collaborations to ensure technological advancement[69] Research and Development - The company holds a total of 54 authorized patents, including 28 invention patents and 26 utility model patents[65] - The company's R&D expenses for 2020 were ¥8,187,581.41, representing 3.11% of total revenue, a decrease from 3.29% in 2019[89] - The company has a total of 54 patents, including 28 invention patents, supporting its research and development capabilities[69] - The company emphasizes the importance of high standards in R&D project construction to enhance innovation capabilities and expedite product development[128] - The R&D center project has been delayed, with the expected completion date moved from December 31, 2020, to June 30, 2021, due to import delays caused by the pandemic[109] - The cumulative investment in the R&D center project reached CNY 4,818.69 million, achieving 108.90% of the planned investment progress[109] - The company has allocated 200 million RMB for research and development in the upcoming year, focusing on sustainable materials[152] Shareholder Returns and Dividends - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling ¥10,240,000 based on 102,400,000 shares[5] - The cash dividend accounted for 100% of the total profit distribution, reflecting a strong commitment to shareholder returns[141] - The cash dividend payout ratio for 2020 was 28.23% of the net profit attributable to ordinary shareholders, compared to 39.61% in 2019 and 13.16% in 2018[148] - The total cash dividend amount for 2020 was RMB 10,240,000, which is included in the total cash dividend amount for shareholders[148] - The company’s profit distribution plan is subject to adjustment if there are changes in total share capital before the implementation of the profit distribution plan[144] - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[149] - The company’s cash dividend distribution has shown a consistent increase over the past three years, reflecting a commitment to returning value to shareholders[148] Corporate Governance and Compliance - The company has implemented a stable dividend policy, ensuring reasonable returns for investors[186] - The company actively fulfills social responsibilities, balancing economic and social benefits[184] - The company has established a comprehensive human resources management system, focusing on employee training and development[187] - The company maintains long-term strategic partnerships with suppliers and customers, ensuring mutual benefits[189] - The company prioritizes environmental protection and sustainable development, implementing energy-saving and emission-reduction measures[190] - The company has passed ISO14001 environmental management system certification and other quality management certifications multiple times since 2009[198] - The company has established a safety production supervision mechanism and conducts regular safety training for employees[198] - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[198] - The company has committed to continuing its participation in the national poverty alleviation plan to help underdeveloped areas[197] - The company has implemented energy-saving measures, including the use of variable frequency devices and LED lights[198] - The company has not reported any other significant matters during the reporting period[199] Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[152] - New product development efforts include the introduction of three innovative materials expected to enhance production efficiency by 25%[153] - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of 5% within the next two years[152] - A strategic acquisition of a local competitor is anticipated to be finalized by Q3 2021, expected to increase overall market share by 8%[153] - Future guidance indicates an expected revenue growth of 20% for 2021, driven by new product launches and market expansion strategies[156] - The company has implemented cost control measures, aiming to reduce operational costs by 10% in the upcoming year[156]

Financial Performance - Operating revenue for the reporting period was CNY 61,992,128.43, down 21.29% year-on-year [8]. - Net profit attributable to shareholders was CNY 7,207,891.22, a decrease of 36.37% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 6,050,114.86, down 39.71% year-on-year [8]. - Basic earnings per share for the reporting period were CNY 0.07, a decrease of 36.36% compared to the same period last year [8]. - Total operating revenue for Q3 2020 was CNY 61,992,128.43, a decrease of 21.2% compared to CNY 78,762,561.40 in the same period last year [34]. - Net profit for Q3 2020 was CNY 7,207,891.22, representing a decline of 36.5% from CNY 11,327,097.11 in Q3 2019 [36]. - The company reported a total comprehensive income of CNY 7,207,891.22 for Q3 2020, compared to CNY 11,327,097.11 in the same quarter last year [36]. - The total operating revenue for the year-to-date period was CNY 182,784,022.58, down 20.0% from CNY 228,457,326.89 in the previous year [39]. - The net profit for Q3 2020 was CNY 25,845,504.70, a decrease of 31.5% compared to CNY 37,774,536.01 in Q3 2019 [40]. - Total profit for Q3 2020 was CNY 30,711,860.03, a decline of 31.9% compared to CNY 45,031,892.21 in Q3 2019 [40]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 641,979,933.87, a decrease of 2.25% compared to the end of the previous year [8]. - Total liabilities as of Q3 2020 amounted to CNY 51,532,813.98, a decrease of 28.1% from CNY 71,673,894.36 at the end of the previous year [32]. - Current liabilities totaled CNY 54,929,779.27, while total liabilities reached CNY 71,673,894.36 [50]. - Total assets amounted to CNY 656,755,509.55, with non-current assets at CNY 331,636,040.80 [49]. - Owner's equity was reported at CNY 585,081,615.19, with a capital reserve of CNY 237,891,125.09 [51]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 43,055,937.01, an increase of 17.32% [8]. - Cash flow from tax refunds increased by 151.41%, reaching CNY 3,306,225.75 compared to CNY 1,315,081.08 in the previous period, driven by an increase in VAT export refunds [19]. - The cash flow from operating activities for Q3 2020 was CNY 43,055,937.01, an increase of 17.3% from CNY 36,700,628.53 in Q3 2019 [44]. - Cash and cash equivalents at the end of Q3 2020 were CNY 104,172,411.83, compared to CNY 72,807,460.77 at the end of Q3 2019 [45]. - The company’s cash and cash equivalents decreased to CNY 105,377,583.47 from CNY 137,196,490.72, indicating a decline of 23.14% [28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,683 [12]. - The largest shareholder, Jiangsu Huazhi Industrial Co., Ltd., held 51.00% of the shares [12]. Expenses and Costs - Total operating costs for Q3 2020 were CNY 54,385,653.13, down 17.5% from CNY 65,872,068.31 year-over-year [35]. - Sales expenses decreased by 33.98%, amounting to CNY 6,744,063.92 compared to CNY 10,215,523.57 in the previous period, primarily due to reduced transportation and advertising costs [19]. - Research and development expenses for Q3 2020 were CNY 2,211,736.08, down 18.9% from CNY 2,726,776.57 in Q3 2019 [35]. Investment Activities - The company plans to continue its investment strategy, focusing on financial products and long-term equity investments to enhance returns [22]. - Long-term equity investments reached CNY 2,964,320.10, attributed to investments in Nanjing Jinzijing Environmental Technology Co., Ltd. [17]. - Investment activities resulted in a net cash outflow of CNY 54,554,054.11 for Q3 2020, compared to a net outflow of CNY 59,633,611.73 in Q3 2019 [45]. - The company experienced a 73.58% decline in cash received from investment income, which fell to CNY 388,833.04 from CNY 1,471,642.28, mainly due to a decrease in financial product principal [19]. Government Subsidies - The company received government subsidies amounting to CNY 2,939,524.01 during the reporting period [10]. Other Information - The company has not reported any significant changes in its cash dividend policy during the reporting period [22]. - The company has recognized contract liabilities of CNY 3,106,158.86, reflecting pre-received customer payments [51]. - The company has not undergone an audit for the third quarter report [52]. - The company has implemented new revenue and leasing standards starting in 2020, with no retrospective adjustments made [52].

江苏华信新材料股份有限公司 2020 年半年度报告全文 江苏华信新材料股份有限公司 2020 年半年度报告 公告编号：2020-040 二○二○年八月 1 江苏华信新材料股份有限公司 2020 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人李振斌、主管会计工作负责人李兰及会计机构负责人(会计主管 人员)杨希颖声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中所涉及的未来计划，发展战略、经营业绩的预计等前瞻性描述不 构成公司对投资者的实质承诺，投资者及相关人士均应当对此保持足够的风险 认识，并且应当理解计划、预测与承诺之间的差异，敬请投资者注意投资风险。 公司已在本报告中描述了存在的主要风险，包括：新型冠状病毒肺炎疫情 影响市场需求的风险、原材料价格波动使公司盈利能力下降的风险、募投项目 新增产能使公司固定成本总额增加的风险和人才不足影响公司发展的风险。详 细内容请查阅本报告第四节"经营情况 ...

江苏华信新材料股份有限公司 2020 年第一季度报告全文 江苏华信新材料股份有限公司 2020 年第一季度报告 公告编号：2020-025 二○二○年四月 1 江苏华信新材料股份有限公司 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。 公司负责人李振斌、主管会计工作负责人李兰及会计机构负责人(会计主管 人员)杨希颖声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏华信新材料股份有限公司 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） | 64,974,044.83 | 73,377,358.00 | -11.45% | | 归属于上市公司股东的净利润（元） | 10,386,673 ...

Financial Performance - The company's operating revenue for 2019 was approximately ¥315.69 million, representing a 2.96% increase compared to ¥306.60 million in 2018[15]. - The net profit attributable to shareholders for 2019 was approximately ¥51.70 million, an increase of 10.75% from ¥46.68 million in 2018[15]. - The net cash flow from operating activities reached approximately ¥69.77 million, a significant increase of 126.93% compared to ¥30.75 million in 2018[15]. - The basic earnings per share for 2019 was ¥0.50, reflecting an 8.70% increase from ¥0.46 in 2018[17]. - Total assets at the end of 2019 amounted to approximately ¥656.76 million, a 9.96% increase from ¥597.25 million at the end of 2018[17]. - The net assets attributable to shareholders at the end of 2019 were approximately ¥585.08 million, an increase of 8.44% from ¥539.52 million at the end of 2018[17]. - The weighted average return on equity for 2019 was 9.20%, up from 8.97% in 2018[17]. - The company achieved operating revenue of 315.687 million yuan, a year-on-year increase of 2.96%[28]. - The net profit attributable to shareholders was 51.7043 million yuan, reflecting a year-on-year growth of 10.75%[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 44.4244 million yuan, up 13.71% year-on-year[28]. Dividend Distribution - The company plans to distribute a cash dividend of ¥2 per 10 shares, based on a total of 102.4 million shares[5]. - A cash dividend of RMB 2 per 10 shares was distributed, totaling RMB 20,480,000.00, which represents 39.61% of the net profit attributable to shareholders[114]. - The cash dividend policy was executed in accordance with relevant laws and regulations, with no adjustments made during the reporting period[104]. - The total cash dividend for 2019 accounted for 100% of the profit distribution total[106]. - The company did not propose any changes to its cash dividend distribution plan during the reporting period[115]. - The cash dividend for 2018 was RMB 0.60 per 10 shares, totaling RMB 614.4 million, which was 13.16% of the net profit[114]. - The company has consistently adhered to its profit distribution policy over the past three years, with dividends paid in 2017, 2018, and 2019[111]. Research and Development - The company holds 44 authorized patents, including 25 invention patents, showcasing its strong R&D capabilities[32]. - The company plans to focus on developing environmentally friendly new materials while expanding product applications in the functional film materials market[29]. - R&D expenses amounted to ¥10,389,522.27, representing 3.29% of total revenue, with a year-on-year increase of 7.46%[60][62]. - The company has a strong R&D capability and production scale, enabling it to quickly respond to market needs[87]. - The company is investing in R&D, allocating 5% of its revenue towards new technology development[188]. Market Position and Strategy - The company maintains a leading position in the smart card substrate industry, with a comprehensive product system including five major series: PETG, PVC, ABS, PC, and bio-based materials[36]. - The company has established stable partnerships with high-end clients such as THALES and IDEMIA, enhancing its market position in financial payment and government public service sectors[38]. - The company aims to become a leading domestic supplier of functional film materials by expanding its product application areas and leveraging its accumulated advantages in equipment, technology, and brand[88]. - The market for functional film materials is expanding, with applications extending into banking, finance, insurance, and government sectors[84]. - The company is actively seeking strategic partnerships to complement its strengths and achieve synergies for growth[92]. Operational Efficiency - The company has effectively utilized its funding advantages to purchase raw materials in bulk during price dips, mitigating cost pressures[45]. - The gross margin for functional film materials was 29.16%, with a slight decrease of 0.19% compared to the previous year[54]. - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[116]. - The company has implemented measures to stabilize its stock price, including share repurchases and increases in holdings by major shareholders and management[118]. Risk Management - The company has identified key risks including raw material price fluctuations and the impact of the COVID-19 pandemic on operations[5]. - The company has taken measures to mitigate risks associated with raw material price fluctuations by purchasing major raw materials at lower prices to alleviate cost pressures throughout the year[94]. - The company plans to utilize government support policies to mitigate operational challenges posed by the COVID-19 pandemic, while maintaining focus on quality and efficiency to uphold its industry-leading position[90]. Corporate Governance - The company is committed to ensuring that its controlling shareholders and related parties do not engage in competitive businesses that could harm its interests[118]. - The company has made commitments to protect shareholder rights and ensure compliance with its operational guidelines[119]. - The company has established a linkage between its equity incentive conditions and the execution of its compensation measures[119]. - The company has not reported any non-compliance with its commitments to minority shareholders[119]. Social Responsibility - The company has actively participated in various social welfare activities, balancing economic and social benefits[150]. - The company donated 50,000 yuan to support COVID-19 prevention efforts during the pandemic[150]. - The company has invested 5 million yuan in poverty alleviation projects, specifically for the construction of projects in the Yaowan Town area[152]. Employee Management - The company has established a comprehensive employee training system to enhance employee skills and promote mutual growth[147]. - The company has implemented a performance-based compensation system combining position salary and performance rewards to enhance employee satisfaction and loyalty[146]. - The total remuneration paid to directors, supervisors, and senior management for the year 2019 amounted to 3.4968 million yuan[197]. Future Outlook - The company provided a future outlook projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[116]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[116]. - A strategic acquisition of a local competitor was announced, expected to enhance production capacity by 30%[116]. - The company aims to implement a new marketing strategy that includes digital channels, anticipating a 15% increase in customer engagement[116].