Financial Performance - The company's operating revenue for the first half of 2022 was ¥634,969,103.22, representing a 26.00% increase compared to ¥503,936,266.62 in the same period last year[20]. - The net profit attributable to shareholders was ¥47,961,578.49, up 22.04% from ¥39,301,047.85 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥46,416,520.91, reflecting a 23.32% increase from ¥37,639,171.99 in the same period last year[20]. - The basic earnings per share increased to ¥0.38, a rise of 22.58% compared to ¥0.31 in the previous year[20]. - The total assets at the end of the reporting period were ¥1,228,174,123.87, which is a 3.19% increase from ¥1,190,206,022.10 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 5.73% to ¥716,395,021.74 from ¥677,581,274.29 at the end of the previous year[20]. - The net cash flow from operating activities was negative at -¥13,200,016.74, a significant decrease of 173.23% compared to ¥18,025,562.80 in the same period last year[20]. - The weighted average return on net assets was 6.83%, slightly up from 6.41% in the previous year[20]. Market Position and Products - The company specializes in the research, production, and sales of organic silicon deep processing products and textile printing and dyeing additives[28]. - The main products include silicone oil, silicone rubber, and silicone resin, which are widely used in various industries such as electronics, medical, and textiles[28]. - Silicone oil is primarily used in electronics, personal care, and agricultural additives, showcasing its versatility across multiple sectors[29]. - Silicone rubber is utilized in electronics, medical aesthetics, automotive, and new energy applications, highlighting its broad market reach[32]. - The company has established itself as a leading supplier in the fine chemical field, focusing on high-tech organic silicon products[28]. - The company’s silicone resin is primarily used in LED packaging adhesives and addition-type silicone rubber, showcasing its application versatility[34]. - The demand for organic silicone products is driven by rapid growth in downstream applications, particularly in consumer electronics, 5G communications, and renewable energy sectors[43]. - The company maintains a competitive edge through continuous innovation and product performance improvement, ensuring high-quality supply chains and cost control[40]. Research and Development - The company's R&D investment increased by 40.48% to ¥23,810,927.80, up from ¥16,949,400.81, reflecting a commitment to technological innovation[67]. - The company holds 40 invention patents, with an additional 17 patents currently under review, showcasing its strong focus on innovation[58]. - The company has established partnerships with several universities and research institutions to strengthen its R&D capabilities[59]. - The company is focusing on enhancing its R&D capabilities to maintain its competitive edge in the organic silicon market[86]. - The company has initiated a new technology research and development program aimed at enhancing product offerings[186]. Financial Strategy and Investments - The company plans to enhance its market share in the organic silicon sector by focusing on customer needs and expanding its product offerings[56]. - The company aims to leverage capital market resources to extend its industrial chain and improve product value, thereby enhancing profitability[56]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product portfolio[186]. - The company approved the issuance of convertible bonds to unspecified objects, with a total fundraising amount of 292.35 million RMB, at a price of 100 RMB per bond[137]. - The fundraising through the convertible bonds is aimed at enhancing its financial flexibility and supporting future growth initiatives[137]. Risk Management - The report highlights various risks including macroeconomic changes, market competition, and raw material price fluctuations[3]. - The company is monitoring raw material price fluctuations and has implemented strategic reserve plans to mitigate risks[88]. - The company is actively managing foreign exchange risks through forward foreign exchange transactions and adjusting settlement currencies[89]. - The company acknowledges the volatility of the stock market and advises investors to be aware of the associated risks[90]. Corporate Governance and Compliance - The company has not reported any non-compliance issues or external guarantees during the reporting period, indicating sound governance[113]. - The company has not engaged in any major related party transactions during the reporting period, ensuring financial integrity[118]. - There were no significant lawsuits or arbitration matters reported during the period, reflecting a stable legal standing[116]. - The company has implemented measures for clean production and energy conservation, achieving low energy consumption and pollution-free production[102]. - The company emphasizes safety production and has established a comprehensive safety management system, including emergency response plans and regular safety training[104]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period is 19,320[147]. - Zhejiang Runhe Holdings Co., Ltd. holds 41.45% of shares, totaling 52,591,630 shares[147]. - Ye Jianping holds 11.49% of shares, totaling 14,582,906 shares, with 10,937,179 shares under lock-up[147]. - The report indicates no significant changes in the shareholding structure during the reporting period[148]. - The company has not conducted any repurchase transactions during the reporting period[148]. Future Outlook - The future outlook remains positive, with management guiding for continued revenue growth and improved profitability in the upcoming quarters[186]. - The company plans to continue expanding its market presence and invest in new technologies and products[182].

Financial Performance - The company's revenue for Q1 2022 was CNY 306,099,172.96, representing a 21.27% increase compared to CNY 252,411,838.59 in the same period last year[3] - Net profit attributable to shareholders was CNY 25,560,849.46, up 23.41% from CNY 20,712,102.39 year-over-year[3] - Basic earnings per share increased by 25.00% to CNY 0.20 from CNY 0.16 in the same quarter last year[3] - The total operating revenue for Q1 2022 was CNY 306,099,172.96, an increase of 21.3% compared to CNY 252,411,838.59 in Q1 2021[25] - The net profit attributable to the parent company for Q1 2022 was CNY 25,560,849.46, representing a 23.5% increase from CNY 20,712,102.39 in Q1 2021[27] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.20, compared to CNY 0.16 in Q1 2021, indicating a growth of 25%[27] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 261.09%, resulting in a negative cash flow of CNY -26,297,634.41, compared to a positive CNY 16,324,564.15 in the previous year[10] - Cash and cash equivalents at the end of the reporting period amount to 82,885,821.71 RMB, down from 126,952,239.80 RMB at the beginning of the year[21] - The cash inflow from operating activities totaled CNY 271,312,929.58, an increase of 40.0% compared to CNY 193,814,338.80 in the previous year[30] - The net cash outflow from operating activities was CNY -26,297,634.41, a decrease from a net inflow of CNY 16,324,564.15 in the same period last year[30] - The total cash and cash equivalents at the end of the period were CNY 58,630,499.25, down from CNY 68,989,324.33 at the end of the previous year[31] - The company reported a decrease in cash and cash equivalents by CNY 33,580,855.74 compared to a decrease of CNY 18,966,955.36 in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,186,359,588.61, a slight decrease of 0.32% from CNY 1,190,206,022.10 at the end of the previous year[3] - The total liabilities decreased to CNY 480,015,684.87 in Q1 2022 from CNY 512,624,747.81 in Q1 2021, a reduction of approximately 6.4%[23] - The company's equity attributable to shareholders increased by 4.24% to CNY 706,343,903.74 from CNY 677,581,274.29 at the end of the previous year[3] Expenses and Costs - Total operating costs for Q1 2022 were CNY 279,805,929.98, up from CNY 229,199,025.71 in the same period last year, reflecting a growth of 21.9%[25] - Research and development expenses rose by 46.99% compared to the previous year, reflecting the company's commitment to technological innovation[9] - Research and development expenses for Q1 2022 were CNY 10,754,297.03, which is a significant increase of 47.4% compared to CNY 7,316,296.49 in Q1 2021[26] - The company reported a financial expense of CNY 659,015.86 in Q1 2022, compared to a financial income of CNY 567,114.47 in Q1 2021[26] Inventory and Receivables - The company’s inventory increased by 40.21%, primarily due to rising raw material prices[8] - Inventory at the end of the reporting period is 126,964,996.03 RMB, an increase from 90,550,758.24 RMB at the beginning of the year[21] - Accounts receivable at the end of the reporting period total 206,548,208.56 RMB, slightly down from 211,037,234.27 RMB at the beginning of the year[21] - The company experienced a 52.39% increase in accounts payable, attributed to higher procurement volumes driven by increased raw material prices[8] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,513[13] - Zhejiang Runhe Holdings Co., Ltd. holds 41.45% of shares, amounting to 52,591,630 shares[13] - The total number of restricted shares at the beginning of the period was 14,251,184, with 603,216 shares released during the period[16] Future Plans and Approvals - The company plans to issue convertible bonds with a total fundraising amount reduced to no more than 292.35 million RMB[17] - The company has approved a 2022 restricted stock incentive plan, which was passed at the first extraordinary general meeting on February 15, 2022[17] Tax and Employee Expenses - The company received tax refunds totaling CNY 10,300,320.46, an increase of 108.0% from CNY 4,932,970.61 in the previous year[30] - The company paid CNY 14,163,392.96 in taxes, which is an increase of 149.0% compared to CNY 5,666,243.58 last year[30] - The cash paid to employees was CNY 45,413,762.75, up from CNY 27,817,612.55, reflecting a 63.0% increase[30]

Financial Performance - The company's operating revenue for 2021 was ¥1,103,753,228.57, representing a 55.12% increase compared to ¥711,526,005.02 in 2020[17]. - The net profit attributable to shareholders for 2021 was ¥93,029,006.82, a 71.71% increase from ¥54,179,522.17 in 2020[17]. - The net cash flow from operating activities reached ¥131,807,030.98, marking a significant increase of 171.25% from ¥48,591,857.85 in 2020[17]. - The basic earnings per share for 2021 was ¥0.73, up 69.77% from ¥0.43 in 2020[17]. - Total assets at the end of 2021 amounted to ¥1,190,206,022.10, a 27.00% increase from ¥937,151,189.48 at the end of 2020[17]. - The company's net assets attributable to shareholders increased by 13.26% to ¥677,581,274.29 at the end of 2021 from ¥598,258,023.64 at the end of 2020[17]. - The company reported a quarterly revenue of ¥301,831,076.77 in Q4 2021, contributing to a total annual revenue growth[19]. - The company received government subsidies amounting to ¥6,834,737.26 in 2021, compared to ¥2,233,247.55 in 2020[22]. - The weighted average return on equity for 2021 was 14.64%, an increase of 5.22% from 9.42% in 2020[17]. - The company reported a significant increase in the average price of DMC from 21.36 RMB/kg in the first half to 31.61 RMB/kg in the second half, representing a substantial rise[54]. - The average price of MM also saw a notable increase from 26.72 RMB/kg in the first half to 46.38 RMB/kg in the second half, indicating a strong upward trend in raw material costs[54]. Dividend Policy - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares to all shareholders, based on a total of 126,880,000 shares[4]. - The cash dividend distribution plan for 2021 proposes a cash dividend of RMB 1.50 per 10 shares, totaling RMB 19,032,000, which represents 20.46% of the net profit attributable to shareholders[178][181]. - The company has a cash dividend policy that ensures at least 20% of the distributable profit is allocated for cash dividends during its growth phase with significant capital expenditure plans[179][181]. Corporate Governance - The report highlights the company's commitment to ensuring the accuracy and completeness of financial reports, with key personnel affirming their responsibility[3]. - The company has a comprehensive governance structure, including a board of directors and supervisory board, ensuring accountability and transparency[4]. - The company emphasizes the importance of corporate governance, having held 5 shareholder meetings and 9 board meetings during the reporting period, ensuring compliance with legal requirements[134][135]. - The company has established a performance evaluation and incentive mechanism for senior management to ensure transparency and compliance with regulations[136]. - The company maintains a commitment to information disclosure, ensuring that all shareholders have fair access to information through designated media[136]. - The company has established a robust corporate governance structure, including a shareholders' meeting, board of directors, and supervisory board, all operating independently from the controlling shareholder[140]. Research and Development - The company has obtained 30 invention patents and has 18 invention patents under review, showcasing its strong R&D capabilities[59]. - The company is classified as a national high-tech enterprise, reflecting its commitment to innovation and technology in the silicone industry[37]. - The company has established a provincial-level post-doctoral research workstation to enhance its R&D capabilities[59]. - The company is committed to continuous research and development, improving product performance and expanding its product offerings in response to market demands[51]. - The total R&D investment in 2021 was CNY 37,098,553.15, accounting for 3.36% of operating revenue, a slight decrease from 3.59% in 2020[89]. - The number of R&D personnel increased by 11.54% from 78 in 2020 to 87 in 2021, indicating a commitment to enhancing research capabilities[88]. Market Position and Strategy - The company operates in the organic silicon industry, which is essential for various high-tech applications, indicating potential for future growth[26]. - The company aims to enhance its market share in the silicone segment by strengthening R&D and expanding its product offerings, leveraging capital market resources to improve profitability[36]. - The company has established a strong market position in the organic silicon sector, recognized as a leading supplier of specialty silicone oils, silicone rubber, and silicone resins[51]. - The company is actively involved in the development of eco-friendly and high-performance textile additives, aligning with national strategic emerging industry goals[36]. - The company aims to become a leader in the silicone niche market by enhancing product value and expanding its product range[36]. - The company is focusing on innovative product development to enhance performance in automotive and aerospace industries, indicating a strategic direction towards advanced materials[42]. - The company plans to enhance resource optimization and reduce production costs in response to market trends and environmental changes[100]. Risk Management - The company emphasizes the importance of risk awareness regarding macroeconomic changes, market competition, raw material price fluctuations, and exchange rate risks[4]. - The company's future plans and strategies are subject to market risks and uncertainties, which investors should consider[4]. - The company is closely monitoring macroeconomic and market changes to mitigate risks associated with fluctuations in the organic silicon sector, aiming to minimize adverse impacts on operations[125][126]. - The company is enhancing its monitoring and analysis of raw material prices to mitigate risks from price volatility, including strategic reserves and flexible procurement adjustments[128]. - The company is implementing measures to manage foreign exchange risks due to its expanding overseas sales, including forward foreign exchange transactions and adjusting settlement currencies[129]. Social Responsibility - The company has a strong focus on social responsibility, balancing economic, environmental, and social factors in its operations[192]. - The company donated a total of 126,000 yuan for educational funds during the reporting period[197]. - The company contributed 220,000 yuan to charitable funds in the reporting period[197]. - The company actively participated in social welfare activities, including organizing blood donation events[197]. - The company implemented strict pandemic prevention measures during local outbreaks to ensure employee safety and maintain production stability[198]. Employee Management - The total number of employees at the end of the reporting period was 476, with 218 in production, 82 in sales, 87 in technology, 24 in finance, and 65 in administration[173]. - The company has established a training system that includes regular onboarding and safety training for new employees, as well as various skill enhancement training for existing staff[175][176]. - The management team, including the general manager and financial officer, is dedicated solely to the company, with no dual roles in the controlling shareholder's enterprises[139]. - The company has established a performance-based remuneration system linking pay to work performance and operational results[160]. Production and Operations - The company has a registered address in Ningbo, Zhejiang Province, with a focus on high-tech materials[14]. - The company operates several wholly-owned subsidiaries, including Zhejiang Runhe Organic Silicon New Materials Co., Ltd. and Hangzhou Runhe Chemical New Materials Co., Ltd.[12]. - The company has established a strong market position in the organic silicon sector, recognized as a leading supplier of specialty silicone oils, silicone rubber, and silicone resins[51]. - The company has implemented a centralized procurement model for key raw materials, ensuring cost control and supply chain stability[48]. - The company has a complete set of production systems and legally owns essential assets such as land, factories, and equipment, ensuring no asset occupation by the controlling shareholder[140].

证券代码：300727 证券简称：润禾材料 公告编号：2021-061 宁波润禾高新材料科技股份有限公司 关于参加"宁波辖区 2021 年度上市公司 投资者网上集体接待日活动"的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的互动交流，提升投资者关系管理水平，提高上 市公司治理水平，宁波润禾高新材料科技股份有限公司（以下简称"公司"）将 参加由宁波证监局指导、宁波上市公司协会联合深圳市全景网络有限公司共同举 办的 "心系投资者，携手共行动"——宁波辖区 2021 年度投资者网上集体接 待日主题活动。本次活动于 2021 年 11 月 18 日（星期四）下午 15:00-17:00 举行，采用网络远程方式召开，活动平台登陆地址为：https://rs.p5w.net/。 届时，公司高级管理人员将参加本次活动，通过网络在线交流形式，就公司 治理、发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行 沟通与交流。欢迎广大投资者踊跃参与！ 特此公告。 宁波润禾高新材料科技股份有限公司 董事会 2021 年 11 月 16 日 ...

1 宁波润禾高新材料科技股份有限公司 2021 年第三季度报告 宁波润禾高新材料科技股份有限公司 2021 年第三季度报告 宁波润禾高新材料科技股份有限公司 2021 年第三季度报告 2021 年 10 月 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。 (一)主要会计数据和财务指标 重要内容提示: 公司是否需追溯调整或重述以前年度会计数据 证券代码：300727 证券简称：润禾材料 公告编号：2021—059 宁波润禾高新材料科技股份有限公司 2021 年第三季度报告 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.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 503,936,266.62, representing an increase of 89.77% compared to CNY 265,551,865.15 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 39,301,047.85, up 98.70% from CNY 19,779,339.38 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 37,639,171.99, reflecting a 99.43% increase from CNY 18,873,590.50 year-on-year[19]. - The basic earnings per share increased to CNY 0.31, a rise of 93.75% compared to CNY 0.16 in the previous year[19]. - The total assets at the end of the reporting period were CNY 998,964,638.94, which is a 6.60% increase from CNY 937,151,189.48 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 623,147,883.12, up 4.16% from CNY 598,258,023.64 at the end of the previous year[19]. - The net cash flow from operating activities was CNY 18,025,562.80, a decrease of 11.57% compared to CNY 20,383,376.15 in the same period last year[19]. - The weighted average return on equity increased to 6.41%, up 2.92% from 3.49% in the previous year[19]. Research and Development - The company has obtained 26 invention patents and has 16 additional patents under review, indicating a strong commitment to innovation[43]. - The company emphasizes the importance of research and development to maintain its competitive edge in the organic silicon industry[90]. - The company has established partnerships with several universities to enhance R&D capabilities and has set up a provincial-level postdoctoral research station to stimulate research team vitality[57]. - The company reported a significant increase in research and development expenses, totaling CNY 16.95 million in the first half of 2021, compared to CNY 12.26 million in the same period of 2020[168]. Market and Product Development - The company specializes in the research, production, and sales of organic silicon application materials, maintaining a competitive edge with high-value, high-performance products[27]. - The company continues to explore market expansion opportunities and new product development in the organic silicon materials field[27]. - The company is focusing on expanding its market presence in the automotive and aerospace industries, utilizing its high-temperature and fatigue-resistant materials[32]. - The company aims to enhance its product offerings through continuous research and development in new materials and technologies[34]. Operational Strategy - The company has implemented a dual circulation system for market expansion, optimizing its marketing channels and enhancing its service capabilities[44]. - The company maintains a market-oriented sales model, primarily through direct sales while also utilizing distributors, focusing on key regions in China[39]. - The company is closely monitoring the price trends of key raw materials like DMC and MM to mitigate risks associated with price fluctuations[91]. - The company plans to use surplus funds from its initial public offering to permanently supplement working capital for daily operations[80]. Corporate Governance and Compliance - The company has achieved ISO9001, ISO14001, and ISO45001 certifications, ensuring high product quality standards[105]. - The company has not reported any changes in its controlling shareholder or actual controller during the reporting period[150]. - The financial report for the first half of 2021 was not audited[158]. - The company has not encountered any non-operating fund occupation by controlling shareholders or related parties during the reporting period[114]. Investment and Financial Management - The total amount of raised funds is CNY 170.63 million, with CNY 139.31 million already invested[74]. - The company has permanently supplemented working capital with CNY 35.37 million from the raised funds, accounting for 20.73% of the total raised funds[72]. - The company reported a net cash flow from investing activities of -¥47.42 million, a 140.20% increase from -¥19.74 million in the previous year, primarily due to increased fixed asset investments[65]. - The company has not made any significant equity or non-equity investments during the reporting period[71]. Industry Trends and Challenges - The global silicone industry is experiencing rapid capacity expansion, particularly in silicone monomers and intermediates, leading to intensified market competition[50]. - The domestic market faces structural supply-demand contradictions, with a surplus of conventional products but a shortage of high-tech value-added products[51]. - The demand for silicone products has increased significantly due to the rapid development of downstream applications in consumer electronics, 5G communications, and new energy sectors[40]. - The future development of the silicone industry is expected to focus on high-performance, functional, and composite materials, with significant applications in electronics, personal care, and renewable energy[53].

Financial Performance - The company's revenue for Q1 2021 was ¥252,411,838.59, representing a 118.48% increase compared to ¥115,530,551.50 in the same period last year[8]. - Net profit attributable to shareholders was ¥20,712,102.39, up 180.32% from ¥7,388,633.26 year-over-year[8]. - The net profit after deducting non-recurring gains and losses was ¥20,723,718.45, reflecting a 189.51% increase from ¥7,158,294.96 in the previous year[8]. - Basic earnings per share rose to ¥0.16, a 166.67% increase from ¥0.06 in the previous year[8]. - The company's total revenue for the reporting period reached 252.41 million yuan, a year-on-year increase of 118.48%[21]. - Net profit attributable to shareholders was 20.71 million yuan, representing a year-on-year growth of 180.32%[21]. - The total profit for Q1 2021 was CNY 24,287,422.73, compared to CNY 9,192,534.14 in the previous year, marking a growth of approximately 163%[58]. - The company's operating profit for Q1 2021 was CNY 24,328,278.73, significantly higher than CNY 9,550,332.14 in the previous year, showing an increase of around 154%[58]. - The total comprehensive income for Q1 2021 was CNY 20,712,102.39, compared to CNY 7,388,633.26 in the previous year, representing an increase of approximately 180%[59]. Cash Flow - The net cash flow from operating activities was ¥16,324,564.15, an increase of 32.22% compared to ¥12,346,862.23 in the same quarter last year[8]. - The company's cash flow from operating activities increased by 32.22% year-on-year, primarily due to a higher volume of cash received from sales[19]. - Cash flow from operating activities for Q1 2021 was CNY 175,301,065.16, compared to CNY 113,855,594.72 in the previous period, indicating a growth of approximately 54%[64]. - Total cash inflow from operating activities amounted to CNY 193,814,338.80, compared to CNY 125,873,532.16 in the previous year, indicating a year-over-year increase of 54%[66]. - Cash outflow from operating activities was CNY 177,489,774.65, up from CNY 113,526,669.93, reflecting a 56% increase[66]. - The net cash flow from investing activities was -CNY 35,744,758.60, worsening from -CNY 17,973,971.71 year-over-year[66]. - The net cash flow from financing activities was -CNY 20,170,200.00, unchanged from the previous year[67]. - The ending balance of cash and cash equivalents was CNY 68,989,324.33, down from CNY 98,173,016.09, a decline of 30%[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥996,728,245.03, a 6.36% increase from ¥937,151,189.48 at the end of the previous year[8]. - The total liabilities increased to ¥331,087,584.11 from ¥276,120,587.55, indicating a rise in financial obligations[54]. - The company's equity totaled ¥562,687,980.93, up from ¥555,353,754.87, showing a slight growth in shareholder value[54]. - The company's cash and cash equivalents decreased to CNY 87,293,678.08 from CNY 119,532,498.50, representing a decline of about 27%[48]. - Accounts receivable increased to CNY 173,637,362.31 from CNY 195,134,889.90, indicating a decrease of approximately 11%[48]. - The inventory level rose to CNY 102,466,592.86 from CNY 79,096,398.21, marking an increase of around 29.5%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 18,836[12]. - Zhejiang Runhe Holdings Co., Ltd. held 41.45% of the shares, making it the largest shareholder[12]. Operational Insights - Management expenses increased by 43.57% year-on-year, attributed to higher personnel costs and new office furniture purchases[19]. - The company is focusing on technological innovation and product development to maintain its competitive edge in the organic silicon sector[23]. - The company is closely monitoring macroeconomic changes and market conditions to mitigate potential risks to its operations[25]. - The company has strengthened monitoring and analysis of the price trends of key raw materials such as DMC and MM to mitigate risks from price fluctuations[27]. - The company has implemented strategic reserve plans for raw materials and is enhancing cooperation with core suppliers to ensure stable supply[27]. - The company acknowledges the complexity of factors affecting stock prices, including operational performance and macroeconomic conditions, and advises investors to be aware of market risks[29]. Investment and Projects - The company plans to accelerate the construction of a 35kt/a organic silicon new materials project to enhance production capacity and competitiveness[24]. - The company has raised a total of 17,062.92 million CNY in funds, with 13,525.48 million CNY already invested in projects, achieving a 76.85% investment progress[36]. - The company’s project for an annual production capacity of 25,000 tons of silicone materials reached its predetermined usable state in November 2020[36]. - The cumulative amount of changed-use funds is 3,537.44 million CNY, representing 20.73% of the total raised funds[36]. - The company is actively promoting its non-public issuance of shares and fulfilling its information disclosure obligations[33]. - The company has received approval from the China Securities Regulatory Commission for its non-public issuance of A-shares, indicating progress in its capital raising efforts[31]. Research and Development - Research and development expenses for the quarter were ¥7,316,296.49, compared to ¥6,034,984.31 in the same period last year, reflecting a focus on innovation[57]. - Research and development expenses for Q1 2021 amounted to CNY 4,900,409.14, compared to CNY 3,972,473.97 in the previous year, reflecting an increase of about 23%[61].

Financial Performance - The company's operating revenue for 2020 was ¥711,526,005.02, representing a 12.76% increase compared to ¥630,990,638.31 in 2019[15]. - The net profit attributable to shareholders for 2020 was ¥54,179,522.17, which is a 5.90% increase from ¥51,159,119.80 in 2019[15]. - The net cash flow from operating activities decreased by 53.42% to ¥48,591,857.85 in 2020, down from ¥104,330,064.33 in 2019[15]. - The total assets at the end of 2020 were ¥937,151,189.48, a 30.61% increase from ¥717,533,129.39 at the end of 2019[15]. - The net assets attributable to shareholders increased by 6.35% to ¥598,258,023.64 at the end of 2020, compared to ¥562,545,239.08 at the end of 2019[15]. - The basic earnings per share for 2020 was ¥0.43, reflecting a 7.50% increase from ¥0.40 in 2019[15]. - The weighted average return on equity was 9.42% in 2020, slightly down from 9.43% in 2019[15]. Cash Flow and Investments - The net cash flow from operating activities increased to CNY 12,346,862.23 in 2020, compared to CNY 8,036,513.92 in 2019, reflecting an increase of approximately 53.5%[18]. - The company has made significant investments in fixed assets, particularly in completing construction projects in 2020[50]. - The company’s investment activities resulted in a net cash outflow of -41,203,561.88 yuan, a significant decrease of 224.19% from the previous year[86]. - The company has cumulatively invested ¥103,940,200.00 in the annual production expansion project of 25,000 tons of silicone new materials, with ¥19,837,600.00 invested in 2020 alone[97]. Market and Industry Position - The company is engaged in the research, production, and sales of organic silicon application materials, focusing on three main sectors: manufacturing, personal care, and medical aesthetics[25]. - The organic silicon industry is characterized by a wide range of applications across various sectors, including electronics, healthcare, and construction, making it a critical material in modern industry[28]. - The company aims to expand its market share in the downstream manufacturing industry, personal care, and medical aesthetics sectors, leveraging capital market resources to enhance its competitive position[34]. - The global silicone industry is experiencing rapid capacity expansion, particularly in silicone monomers and intermediates, leading to intensified market competition[30]. Research and Development - The company has established a strong R&D team, including international experts and a stable workforce of advanced degree holders, to enhance its innovation capabilities[52]. - The company holds 25 invention patents, with an additional 13 patents currently under review[64]. - The company will continue to enhance its R&D capabilities, focusing on high-value-added silicone application materials[114]. - The company is focusing on developing new technologies and products to meet the growing demand in various industrial sectors, including construction and electronics[40]. Risk Management and Compliance - The company has a risk awareness regarding macroeconomic changes, market competition, and raw material price fluctuations[4]. - The company has implemented cost control measures, achieving savings through competitive bidding and optimizing equipment selection[100]. - The company will monitor macroeconomic conditions closely to adapt its strategies and enhance risk resilience[118]. - The company has committed to maintaining transparency and accountability in its financial reporting and commitments[182]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of ¥1.25 per 10 shares to all shareholders, based on a total of 126,880,000 shares[4]. - The cash dividend for the year is set at 29.27% of the net profit attributable to shareholders, amounting to ¥15,860,000[125]. - The company aims to balance shareholder returns with future business development needs in its profit distribution proposals[129]. - The cash dividend payout ratio for 2020 was 29.27% of the net profit attributable to shareholders[134]. Future Outlook - The company expects a revenue growth forecast of 10% for the next fiscal year, driven by new product launches and market expansion strategies[160]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[200]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[174]. - The company aims to enhance its R&D capabilities with the operation of its new R&D center, which will strengthen its core competitiveness[177].

宁波润禾高新材料科技股份有限公司 2020 年第三季度报告全文 宁波润禾高新材料科技股份有限公司 2020 年第三季度报告 2020 年 10 月 1 宁波润禾高新材料科技股份有限公司 2020 年第三季度报告全文 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。 公司负责人叶剑平、主管会计工作负责人柴寅初及会计机构负责人(会计主 管人员)柴寅初声明：保证季度报告中财务报表的真实、准确、完整。 2 宁波润禾高新材料科技股份有限公司 2020 年第三季度报告全文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 790,490,233.87 | | 717,533,129.39 | 10.17% | | 归属于上市公司股东的净资产 （ ...

Financial Performance - The company's operating revenue for the reporting period was ¥265,551,865.15, a decrease of 6.03% compared to ¥282,597,631.42 in the same period last year[19]. - The net profit attributable to shareholders was ¥19,779,339.38, down 26.25% from ¥26,817,697.85 year-on-year[19]. - The net cash flow from operating activities was ¥20,383,376.15, reflecting a significant decline of 77.79% compared to ¥91,756,213.41 in the previous year[19]. - Basic earnings per share decreased by 23.81% to ¥0.16 from ¥0.21 in the same period last year[19]. - Total assets at the end of the reporting period were ¥675,908,185.64, a decrease of 5.80% from ¥717,533,129.39 at the end of the previous year[19]. - The net assets attributable to shareholders were ¥562,759,808.90, showing a slight increase of 0.04% compared to ¥562,545,239.08 at the end of the previous year[19]. - The weighted average return on net assets was 3.49%, down from 4.96% in the previous year, a decrease of 1.47%[19]. - The company reported non-recurring gains and losses totaling ¥905,748.88 for the period[23]. Research and Development - The company focuses on the research, production, and sales of organic silicon deep processing products and textile dyeing auxiliaries, with major products including silicone oil, silicone rubber, silicone resin, and silane coupling agents[26]. - The company has established a stable R&D team with 24 invention patents and 15 pending invention patents, enhancing its technological research and development capabilities[36]. - The company has optimized its governance structure and adjusted its R&D system layout to accelerate innovation and product promotion, ensuring sustainable business growth[31]. - The company has established partnerships with several universities to enhance its R&D capabilities and foster innovation[36]. - The company has established a "one body, two wings" R&D system, with 24 invention patents obtained and 15 more under review as of the report date[46]. - The company plans to continue focusing on research and development, optimizing existing product functions and quality, and aligning technology development with market demand[81]. Market and Sales Strategy - The company employs a sales model that combines direct sales, distribution, and agency, focusing on key regions such as Zhejiang, Jiangsu, Shandong, Fujian, and Guangdong[30]. - The company emphasizes marketing service depth and breadth, enhancing cooperation with downstream customers through a professional sales team[38]. - The company has strengthened its marketing channels and team capabilities to enhance market presence and customer service[48]. - The company’s products are widely used across various industries, including automotive, electronics, and healthcare, contributing to its market resilience[32]. - The company focuses on differentiated products such as block silicone oil and cosmetic silicone oil, which have higher technical and economic added value[40]. Financial Management and Investments - The company has a flexible procurement strategy to manage raw material costs effectively, adapting to market price fluctuations[29]. - The company is expanding its production capacity with a project to increase organic silicon new materials by 25,000 tons, with completion postponed to November 2020 due to COVID-19[44]. - A non-public offering of up to 25.38 million shares is planned to raise no more than CNY 350 million for related investment projects[44]. - The total amount of raised funds is CNY 170.63 million, with CNY 17.17 million invested during the reporting period[63]. - Cumulative investment in the project to expand the annual production of 25,000 tons of silicone materials reached CNY 101.27 million, accounting for 74.88% of the adjusted total investment of CNY 135.25 million[69]. - The company has permanently supplemented working capital with CNY 35.37 million of raised funds, achieving 100% of the planned investment[69]. - The company has not made any significant equity investments during the reporting period[62]. - The company has not engaged in any entrusted financial management or derivative investments during the reporting period[73][74]. Risk Management - The company faces risks related to macroeconomic changes, market competition, and fluctuations in raw material prices[5]. - The company is closely monitoring macroeconomic and market environment changes to mitigate risks associated with the organic silicon deep processing industry[79]. - The company is exposed to foreign exchange risks due to its expanding overseas sales, and it plans to mitigate these risks through various foreign exchange management strategies[83]. Corporate Governance and Compliance - The company has received multiple honors, including being recognized as a high-tech enterprise and winning various scientific and technological awards[35]. - The company has maintained a good integrity status for its controlling shareholders and actual controllers, with no significant legal or financial issues reported[96]. - The company has not experienced any major litigation or arbitration matters during the reporting period[94]. - The financial statements were approved by the board of directors on August 26, 2020, indicating a commitment to transparency and compliance with accounting standards[180]. - The company has assessed its ability to continue as a going concern for the next 12 months and found no issues affecting this capability[183]. Shareholder Information - The total number of shares is 126,880,000, with 87,945,000 shares (69.31%) under limited sale conditions and 38,935,000 shares (30.69%) under unrestricted sale conditions[121]. - The largest shareholder, Zhejiang Runhe Holdings Co., Ltd., holds 52,591,630 shares, representing 41.45% of total shares[126]. - The second-largest shareholder, Ye Jianping, holds 14,582,906 shares, accounting for 11.49% of total shares[126]. - There are no foreign investments in the company's shares, with all holdings being domestic[121]. - The company has a total of 9,207 shareholders as of the report date[125]. Environmental and Social Responsibility - The company has established a strong safety and environmental management system, achieving ISO9001, ISO14001, and OHSAS18001 certifications[50]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[112]. - The company has not initiated any targeted poverty alleviation efforts during the reporting period[113].