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].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥120,791,894.15, a decrease of 19.31% compared to ¥149,694,765.49 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥18,637,613.48, down 29.53% from ¥26,447,438.90 in the previous year[19]. - The net cash flow from operating activities was ¥8,295,318.19, representing a significant decline of 67.75% compared to ¥25,719,797.05 in the same period last year[19]. - Basic earnings per share decreased by 30.77% to ¥0.18 from ¥0.26 in the previous year[19]. - Total assets at the end of the reporting period were ¥643,115,350.90, a decrease of 2.08% from ¥656,755,509.55 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥583,239,228.67, down 0.31% from ¥585,081,615.19 at the end of the previous year[19]. - The weighted average return on net assets was 3.15%, down from 4.79% in the previous year[19]. - The company achieved operating revenue of 120.79 million yuan, a year-on-year decrease of 19.31%[28]. - The net profit attributable to shareholders was 18.64 million yuan, down 29.53% year-on-year[28]. - The company maintained a low debt-to-asset ratio and strong cash flow, indicating a solid financial position[42]. Research and Development - The company’s R&D reserves for new products such as non-card-based PETG, PC, and PLA have reached market-ready conditions, with small batch sales of eco-friendly decorative materials during the reporting period[27][34]. - The company has a total of 47 authorized patents, including 28 invention patents, demonstrating its strong R&D innovation capabilities[32][33]. - The company is investing in a new R&D center project to enhance its capabilities in developing new products and technologies[47]. - The company is accelerating the R&D of new products and non-card products to adapt to market changes, with new applications like colored substrates and transparent sheets showing significant sales growth[76]. Market Position and Strategy - The company is the only listed company in the domestic smart card substrate industry, holding a significant market share in the mid-to-high-end smart card substrate sector[36]. - The company plans to focus on the smart card substrate field while actively promoting eco-friendly new materials to meet the growing market demand for functional film materials[30]. - The company has established stable partnerships with major clients, including listed companies and government agencies, enhancing its market position[38]. - The company has seen an increase in demand for personalized materials both domestically and internationally, partially offsetting the impact of reduced orders due to the pandemic[28]. - The company has successfully secured a stable supply of essential materials for ID card production, despite challenges posed by the pandemic[45]. - The company is actively expanding its international market presence, with a year-on-year increase in sales driven by new and existing customers[46]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has committed a total investment of CNY 20,000.62 million across various projects, with a cumulative investment of CNY 18,844.36 million, achieving 94.2% of the planned investment[68]. - The company is focusing on improving its cash flow management and reducing investment outflows to stabilize its financial position in the upcoming periods[153]. - The company has not experienced significant changes in profit composition or sources during the reporting period[51]. - The company has not engaged in any significant related party transactions during the reporting period[95]. Operational Challenges - The company faces risks including market demand fluctuations due to the COVID-19 pandemic and raw material price volatility affecting profitability[5]. - The company has faced a year-on-year decline in demand for smart card substrates due to the COVID-19 pandemic, impacting overall performance[76]. - The fluctuation in raw material prices, particularly for PVC products, poses a risk to profitability, but the company is managing this by purchasing in bulk during low price periods[78]. - The company plans to adjust prices for PVC card products if raw material costs rise significantly, to mitigate the risk of declining profit margins[78]. Environmental and Social Responsibility - The company has implemented energy-saving measures, including the use of variable frequency devices and LED lighting, to promote environmental protection[108]. - The company has passed ISO14001, OHSAS18001, and ISO9001 certifications, demonstrating its commitment to environmental management and quality control[108]. - Jiangsu Huaxin New Materials Co., Ltd. actively participates in the national poverty alleviation plan and continues to assist underdeveloped areas[112]. - The company paid 30,000 CNY in poverty alleviation funds to Huijia Gou Village in Qian County, Shaanxi Province, to support economic development and infrastructure construction[110]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,005[121]. - The company’s total share capital is 102,400,000 shares, with 58.50% held as restricted shares[119]. - The company’s major shareholders include Jiangsu Huazhi Industrial Co., Ltd. with a 51.00% stake[121]. - The company reported no changes in its controlling shareholder or actual controller during the reporting period[124].

Financial Performance - Total revenue for Q1 2020 was ¥64,974,044.83, a decrease of 11.45% compared to ¥73,377,358.00 in the same period last year[9] - Net profit attributable to shareholders was ¥10,386,673.83, down 24.89% from ¥13,829,257.78 year-on-year[9] - Basic earnings per share decreased by 24.94% to ¥0.1014 from ¥0.1351 year-on-year[9] - The total comprehensive income attributable to the parent company for Q1 2020 was CNY 10,386,673.83, a decrease from CNY 13,829,257.78 in Q1 2019, representing a decline of approximately 25.5%[53] - Net profit for Q1 2020 was CNY 10,386,673.83, a decline of 25% from CNY 13,829,257.78 in Q4 2019[52] Cash Flow - Net cash flow from operating activities was negative at -¥19,307,168.62, a significant decline of 1,398.59% compared to -¥1,288,359.69 in the same period last year[9] - Cash inflow from operating activities for Q1 2020 was CNY 46,516,524.85, compared to CNY 65,792,102.90 in Q1 2019, reflecting a decline of approximately 29.3%[55] - The net cash flow from operating activities for Q1 2020 was negative CNY 19,307,168.62, worsening from negative CNY 1,288,359.69 in Q1 2019[55] - Cash outflow from investing activities in Q1 2020 totaled CNY 33,702,183.15, compared to CNY 68,476,290.63 in Q1 2019, showing a reduction of about 50.7%[56] - The net cash flow from investing activities for Q1 2020 was negative CNY 33,702,183.15, compared to negative CNY 23,861,478.59 in Q1 2019, indicating a worsening situation[56] - The cash and cash equivalents at the end of Q1 2020 were CNY 85,296,352.63, down from CNY 137,196,490.72 at the beginning of the period, a decrease of approximately 37.9%[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥656,137,865.83, a slight decrease of 0.09% from ¥656,755,509.55 at the end of the previous year[9] - Total current assets remained stable at CNY 325,535,958.84 in Q1 2020, slightly up from CNY 325,119,468.75 in Q4 2019[45] - Total liabilities decreased to CNY 60,669,576.81 in Q1 2020 from CNY 71,673,894.36 in Q4 2019, a reduction of about 15%[48] Shareholder Information - The company had a total of 8,530 common shareholders at the end of the reporting period[13] - The largest shareholder, Jiangsu Huazhi Industrial Co., Ltd., held 51.00% of the shares, totaling 52,224,000 shares[13] Government Subsidies - Government subsidies recognized in the current period amounted to ¥964,630.09[10] - The company received government subsidies that positively impacted net profit by 3.76 million yuan less than the previous year due to a decrease in non-recurring gains[21] - The cash flow from government subsidies decreased by 81% in Q1 2020 compared to the same period last year[20] Operational Insights - The sales of PETG series materials decreased in Q1 2020 due to delayed resumption of work by downstream clients[21] - The company has received a production task notification from the Ministry of Public Security for the entire year of 2020, with total production tasks remaining unchanged year-on-year[21] - The total amount of purchases from the top five suppliers was 37.33 million yuan, accounting for 62.57% of total purchases, an increase from 57.09% year-on-year[23] - The total sales amount from the top five customers was 18.45 million yuan, representing 28.5% of total sales, a slight decrease from 29.40% year-on-year[24] Research and Development - The company has invested a total of 17,922.11 million yuan from the raised funds, with 555.7 million yuan allocated in the current quarter[34] - The R&D center project is expected to be completed by the end of 2020, with 49.10% of the investment already utilized[34] - Research and development expenses were CNY 1,984,049.34 in Q1 2020, down from CNY 2,446,758.99 in Q4 2019, reflecting a decrease of about 19%[51] Talent Development - The company plans to enhance its talent development strategy in 2020, focusing on recruiting high-level practical talents to optimize its talent structure[30] - The company has established a good talent management mechanism to mitigate the risk of talent shortages amid increasing industry competition[29]

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].

Financial Performance - Net profit attributable to shareholders increased by 7.99% to CNY 11,327,097.11 for the reporting period[8] - Operating revenue for the reporting period was CNY 78,762,561.40, reflecting a 6.51% increase year-on-year[8] - Basic earnings per share rose by 10.00% to CNY 0.11 for the reporting period[8] - Year-to-date net profit was CNY 11,327,097.11, reflecting a growth from CNY 10,488,914.38 in the previous year[32] - The net profit for Q3 2019 reached CNY 11,327,097.11, representing a 7.9% increase from CNY 10,488,914.38 in Q3 2018[32] - The total profit for the quarter reached CNY 45,031,892.21, up from CNY 42,146,638.88 year-over-year[37] - The basic and diluted earnings per share for the quarter were both CNY 0.37, compared to CNY 0.35 in Q3 2018[38] Assets and Liabilities - Total assets increased by 5.76% to CNY 631,665,042.28 compared to the end of the previous year[8] - Total liabilities were CNY 57,730,035.80, with current liabilities at CNY 44,358,202.94 and non-current liabilities at CNY 13,371,832.86[46] - Owner's equity totaled CNY 539,521,343.35, with share capital at CNY 102,400,000.00 and retained earnings at CNY 176,011,196.44[46] - Total assets reached ¥631,665,042.28, an increase from ¥597,251,379.15 at the end of the previous year[27] - Total liabilities to total assets ratio stands at approximately 9.66%, indicating a low leverage position[46] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 36,700,628.53, a significant increase of 118.12%[8] - Cash flow from investment activities decreased by 42.55% to ¥144,700,000.00, attributed to a decrease in financial management principal compared to the same period last year[18] - The cash flow from operating activities generated a net amount of CNY 36,700,628.53, significantly higher than CNY 16,825,756.54 in the previous year[40] - The company received CNY 1,315,081.08 in tax refunds during the quarter, compared to CNY 921,073.09 in the same period last year[40] - The company’s cash flow from financing activities showed a net outflow of CNY 6,144,000.00, compared to a net outflow of CNY 12,800,000.00 in the previous year[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,601[12] - The largest shareholder, Jiangsu Huazhi Industrial Co., Ltd., holds 51.00% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Investments and Expenses - Construction in progress rose by 68.09% to ¥65,520,938.04 primarily due to investments in the R&D center and the purchase of office property in Shanghai[16] - Research and development expenses for Q3 2019 were CNY 2,726,776.57, a decrease of 2.9% from CNY 2,807,785.62 in Q3 2018[32] - Investment income decreased by 62.95% to ¥1,471,642.28, primarily due to a reduction in financial management principal compared to the same period last year[18] Other Financial Metrics - The weighted average return on net assets was 2.00%, a slight decrease of 0.01% compared to the previous year[8] - The company received government subsidies amounting to CNY 2,694,603.77 during the year-to-date period[9] - Deferred income tax liabilities increased by 231.33% to ¥6,100,061.99 mainly due to accelerated depreciation of fixed assets[16] - The company reported a financial income of CNY 188,148.90 in Q3 2019, compared to CNY 184,095.53 in the same period last year[32] Audit and Reporting - The report for the third quarter was not audited, which may impact the reliability of the financial data presented[47] - The company has implemented new financial instrument standards since January 1, 2019, affecting the reporting of financial assets[47]

Financial Performance - Total revenue for the first half of 2019 was RMB 149,694,765.49, an increase of 0.53% compared to RMB 148,912,780.80 in the same period last year[19]. - Net profit attributable to shareholders was RMB 26,447,438.90, representing a growth of 6.01% from RMB 24,948,415.17 year-on-year[19]. - Net profit after deducting non-recurring gains and losses was RMB 21,624,208.40, up 9.37% from RMB 19,771,880.50 in the previous year[19]. - Basic earnings per share rose to RMB 0.26, an increase of 8.33% from RMB 0.24 in the previous year[19]. - The company achieved operating revenue of 149.69 million yuan, a year-on-year increase of 0.53%[28]. - Net profit attributable to shareholders reached 26.44 million yuan, up 6.01% year-on-year, while the net profit after deducting non-recurring gains and losses was 21.62 million yuan, reflecting a growth of 9.37%[28]. - Operating costs decreased by 1.50% to ¥104,938,415.47 from ¥106,531,186.08, while sales expenses fell by 1.86% to ¥6,397,355.99[45]. - The company reported a financial income of CNY 614,016.18, up from CNY 200,248.09, reflecting a significant increase of approximately 206.00%[131]. Cash Flow and Liquidity - Operating cash flow net amount reached RMB 25,719,797.05, a significant increase of 160.07% compared to RMB 9,889,510.70 in the same period last year[19]. - The net cash flow from operating activities surged by 160.07% to ¥25,719,797.05, primarily due to increased government subsidies and tax refunds[45]. - Cash inflow from investment activities totaled ¥90,081,753.93, down from ¥160,876,390.24 in the previous year[136]. - Cash outflow from investment activities was ¥151,151,094.53, compared to ¥178,126,269.31 in the first half of 2018[136]. - The ending balance of cash and cash equivalents was ¥59,227,485.60, a decrease from ¥60,400,549.22 at the end of the first half of 2018[136]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 616,396,257.31, reflecting a growth of 3.21% from RMB 597,251,379.15 at the end of the previous year[19]. - Total liabilities decreased slightly to CNY 56,571,475.06 from CNY 57,730,035.80, a decline of about 2.01%[128]. - The company's current assets totaled RMB 301,095,477.53, down from RMB 321,092,414.76 at the end of 2018, indicating a decrease of approximately 6.2%[126]. - Non-current assets totaled RMB 315,300,779.78, an increase from RMB 276,158,964.39, indicating a growth of approximately 14.2%[126]. Research and Development - The company holds 44 patents, including 23 invention patents and 21 utility model patents, showcasing its strong R&D capabilities[31]. - The company increased its R&D investment by 9.02% to ¥5,476,366.62, up from ¥5,023,165.91 in the previous year[45]. - The company is constructing a new R&D center to enhance its capabilities in new product and technology development, with the design plan approved and construction underway[42]. - The company has conducted market research and product positioning for new products, which are now ready for mass production following the completion of the functional polyester film project[71]. Business Operations - The company specializes in the research, production, and sales of functional plastic film materials, primarily serving the smart card manufacturing industry[25]. - The company’s ETC card base new materials sold 37 tons in June, accounting for approximately 8.93% of the monthly main business revenue[40]. - The sales of mid-to-high-end products increased, with significant growth in colored substrates and PETG series products[38]. - The company has established stable partnerships with high-end clients, enhancing its resource allocation and risk resistance capabilities[35]. Investment and Capital Structure - The company has committed to invest a total of 20,000.62 million RMB in various projects, with cumulative investment reaching 15,733.06 million RMB, representing a progress rate of 78.7%[61]. - The company has utilized 4,500 million RMB of raised funds for bank wealth management products, with a remaining balance of 4,470 million RMB[65]. - The total share capital increased from CNY 64,000,000 to CNY 102,400,000 after a capital increase of 38,400,000 shares[150]. - The company completed the absorption merger of its wholly-owned subsidiary Jiangsu Yasu Technology Co., Ltd. on March 18, 2019[101]. Risk Factors - The company faces risks including fluctuations in raw material prices and potential impacts from mobile payments on the card issuance volume in downstream industries[5]. - The company is facing risks from fluctuations in raw material prices, particularly PVC, which are influenced by international crude oil prices, and has strategies in place to mitigate these risks[70]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,080[107]. - The largest shareholder, Jiangsu Huazhi Industrial Trade Co., Ltd., holds 51.00% of the shares[107]. - The total number of shares outstanding is 102,400,000[105]. Compliance and Governance - The financial report for the first half of 2019 was not audited[123]. - The company has not reported any significant changes in the feasibility of its investment projects during the reporting period[63]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[66]. - The company has not sold any major assets or equity during the reporting period[67].