Acquisitions and Investments - The company completed acquisitions of Ruitek and Deruiyuan, which will be included in the consolidated financial statements for 2021[9]. - The company acquired 51% of Guangdong Deruiyuan New Materials Technology Co., Ltd. on December 31, 2020, to capture opportunities in the 5G and consumer electronics market[123]. - The company also acquired 54.95% of Suzhou Ruitai Technology Co., Ltd. on December 31, 2020, to enhance its cooling product series in response to the growth in the 5G and new energy vehicle sectors[124]. - The company is actively pursuing a 55% stake acquisition in Wuhu Shunfu Precision Die Casting Technology Co., Ltd. for a transaction price of up to 17 million yuan[58]. - The company has established a new subsidiary in Wuxi with a registered capital of CNY 15 million, enhancing its operational capabilities[76]. - The company has established partnerships with major clients like Huawei, ZTE, and ABB, enhancing its market position in telecommunications and power sectors[49]. Financial Performance - The company's operating revenue for 2020 was CNY 306,998,366.86, representing a slight increase of 0.33% compared to CNY 305,983,661.78 in 2019[23]. - The net profit attributable to shareholders decreased by 46.09% to CNY 26,634,653.33 from CNY 49,408,605.83 in the previous year[23]. - The net cash flow from operating activities was CNY 51,609,525.33, down 31.49% from CNY 75,328,923.53 in 2019[23]. - Basic earnings per share fell by 45.00% to CNY 0.220 from CNY 0.400 in 2019[23]. - The company reported a total non-operating income of 9,761,378.85 in 2020, down from 38,161,544.92 in 2019, reflecting a decrease of about 74.4%[27]. - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-on-year growth of 20%[191]. Research and Development - The company plans to continue enhancing product research and development and technological innovation to adapt to market demands and expand its product line[7]. - The company invested 23.66 million yuan in R&D, accounting for 7.71% of its revenue, and obtained 21 invention patents during the reporting period[62]. - The company is focusing on R&D for 5G plastic metalization products and heat sink products, aligning with industry trends[54]. - The company is committed to analyzing raw material price trends to mitigate the impact of cost fluctuations on its gross margin[11]. - The company has a total of 220 patents, including 21 invention patents, reflecting its commitment to R&D[53]. Market Expansion and Strategy - The company plans to reduce its reliance on the telecommunications sector by diversifying into the consumer electronics market and the new energy vehicle market through acquisitions[31]. - The company aims to optimize its marketing network while continuing to focus on its core business[7]. - The company is exploring potential mergers and acquisitions to enhance its market position, with a budget of 500 million RMB allocated for this purpose[170]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[155]. - The company will focus on developing high-performance thermal interface materials and fireproof insulation products to meet domestic demand in the power sector[132]. Risk Management - The company faces risks from macroeconomic factors such as US-China trade tensions and the ongoing global pandemic, which may impact its operations[5]. - The company acknowledges the potential for goodwill impairment risks associated with the integration of acquired companies[10]. - The company recognizes the competitive risks in the telecommunications industry, particularly related to the uncertainty of 5G base station construction[6]. - The company will implement strategic measures to ensure orderly production and operations amid pandemic-related challenges[5]. Shareholder Returns and Dividends - The company plans to distribute cash dividends of 1 RMB per 10 shares to all shareholders, based on a total of 125,872,867 shares[12]. - The cash dividend accounted for 100% of the total profit distribution amount, aligning with the company's growth stage and significant capital expenditure plans[143]. - The cash dividend payout ratio for 2020 was 47.26% of the net profit attributable to the parent company's shareholders[146]. - The company has a commitment to achieve a minimum net profit of 15 million RMB for 2019, 16 million RMB for 2020, and 17 million RMB for 2021[148]. Operational Efficiency - The company emphasizes the importance of maintaining efficient management and talent acquisition to support its expanding business operations[8]. - The company optimized its organizational structure to improve operational efficiency and reduce costs through a series of quality enhancement and efficiency improvement initiatives[60]. - The company aims to enhance its production capacity and yield management to ensure efficient conversion of orders into profits, particularly in the 5G communication sector[131]. - The company plans to reduce operational costs by 15% through efficiency improvements in the supply chain[153]. Future Outlook - Future guidance indicates a strong growth trajectory, with expectations of continued revenue increases driven by new product launches and market expansion strategies[101]. - The company has provided a future outlook projecting a revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion strategies[153]. - The company projects a revenue growth of 25% for the next fiscal year, aiming for 1.875 billion RMB[159]. - The financial outlook remains positive, with management projecting a sustained increase in both revenue and profitability in the coming years[101].

证券代码：300731 证券简称：科创新源 公告编号：2020-128 深圳科创新源新材料股份有限公司 关于参加 2020 深圳辖区"诚实守信,做受尊重的上市公司" 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、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳科创新源新材料股份有限公司 （以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共 同举办的"诚实守信，做受尊重的上市公司"——2020 深圳辖区上市公司投资 者网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 • 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经，参与公司本次投资者集 体接待日活动，活动时间为 2020 年 12 月 8 日 9:00 至 17:00，其中公司与投资 者网上互动时间为 15:30 至 17:00。 届时，公司董事长、总经理、代理财务总监周东先 ...

Financial Performance - Revenue for the reporting period was CNY 69,183,112.57, representing a year-on-year increase of 9.04%[7] - Net profit attributable to shareholders was CNY -3,233,014.44, a decrease of 113.75% compared to the same period last year[7] - Basic earnings per share were CNY -0.03, down 115.79% from the previous year[7] - The weighted average return on net assets was -0.56%, a decrease of 4.94% compared to the previous year[7] - The company reported a net loss of CNY 2,717,418.55, compared to a net profit of CNY 22,422,895.13 in the same period last year[49] - The gross profit margin decreased significantly, with operating profit recorded at -CNY 4,127,937.16, down from CNY 29,099,710.69[49] - Basic and diluted earnings per share were both -CNY 0.03, down from CNY 0.19 in the previous year, reflecting the impact of the net loss[50] - The net profit for the current period is reported at -4,968,526.80, a decrease from 17,970,919.62 in the previous period, reflecting a substantial loss[54] - The net profit for the current period is 32,721,809.65, down from 44,473,248.60, indicating a decline in profitability[57] Cash Flow and Liquidity - The net cash flow from operating activities was CNY -23,931,173.56, a decline of 332.12% year-on-year[7] - Net cash flow from operating activities decreased by 70.89% from CNY 37,579,798.32 to CNY 10,938,878.00, mainly due to a prior year's compensation received for lease termination[19] - Cash and cash equivalents decreased by 47.39% from CNY 216,018,700.17 to CNY 113,653,016.25 due to idle fundraising being used to purchase bank wealth management products[17] - The company's cash and cash equivalents decreased to 113.65 million yuan from 216.02 million yuan at the end of 2019, reflecting a decline of approximately 47.4%[39] - The company's cash and cash equivalents decreased to CNY 100,807,163.84 from CNY 190,677,274.03, indicating a liquidity challenge[44] - Operating cash flow for the period was ¥5,385,253.68, a decrease of 80.7% compared to ¥27,824,632.21 in the previous period[66] - The ending balance of cash and cash equivalents was ¥97,763,111.07, down 52.4% from ¥204,438,921.58 in the previous period[68] Assets and Liabilities - Total assets increased by 5.29% to CNY 744,328,156.94 compared to the end of the previous year[7] - The company's total assets amounted to 744.33 million yuan, an increase from 706.93 million yuan at the end of 2019[42] - The company's total liabilities decreased to 123.10 million yuan from 147.62 million yuan, representing a reduction of about 16.6%[41] - The total liabilities decreased to CNY 91,979,088.22 from CNY 120,506,561.91, showing improved financial leverage[45] - The company's total equity increased to 621.23 million yuan from 559.31 million yuan, marking an increase of approximately 11.1%[42] - The company's equity increased to CNY 634,129,674.47 from CNY 574,488,478.81, indicating a stronger capital position[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,501[11] - The largest shareholder, Shenzhen Kexin Huake Technology Co., Ltd., held 19.99% of the shares, amounting to 25,200,000 shares[11] - Shareholder Suzhou Tianli Investment Co., Ltd. reduced its holdings by 1,688,500 shares, accounting for 1% of the company's total share capital[23] Expenses and Costs - Sales expenses increased by 36.78% from CNY 18,860,339.74 to CNY 25,796,758.58 as the company expanded its market in telecommunications and electricity[18] - Financial expenses surged by 98.92% from CNY 1,026,155.01 to CNY 2,041,224.69 due to increased interest costs[18] - Research and development expenses were CNY 5,566,601.65, compared to CNY 4,973,252.68 in the previous year, indicating a focus on innovation[48] - Research and development expenses increased to 4,298,162.77 from 3,056,377.65, highlighting the company's commitment to innovation[52] Investment Activities - The company signed an equity acquisition and capital increase intention agreement with Guangdong Deruiyuan New Materials Technology Co., Ltd. in August 2020[17] - The company intends to acquire 55% equity in Wuhu Shunfu Precision Die Casting Technology Co., Ltd. for no more than 170 million yuan[29] - The company plans to acquire a stake in Suzhou Ruitai Technology Co., Ltd. for a total estimated amount of 80 million yuan, aiming to hold no less than 55% of the equity post-transaction[30] - The company intends to acquire a stake in Guangdong Deruiyuan New Materials Technology Co., Ltd. for an estimated total of 80 million yuan, targeting to hold no less than 51% of the equity after the acquisition[30] Other Information - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[12] - The company has no overdue commitments or guarantees during the reporting period[31] - The report for the third quarter was not audited, indicating a need for caution in interpreting the financial data[79] - The company has not disclosed any new product developments or market expansion strategies in the current report[80] - There were no mentions of mergers or acquisitions in the latest financial disclosures[80] - Future outlook and performance guidance were not provided in the third-quarter report[80]

Economic Impact - The company reported a significant impact from global trade tensions and the COVID-19 pandemic, leading to increased economic volatility and uncertainty[5] - The report highlights the need for ongoing analysis of macroeconomic trends to optimize market structure and ensure orderly production operations[5] - The company is facing macroeconomic risks due to global trade tensions and the COVID-19 pandemic, which may impact its operations and market structure[104] Revenue and Profitability - The company's revenue for the reporting period was ¥158,461,686.78, a decrease of 7.39% compared to the same period last year[23] - Net profit attributable to shareholders increased by 21.89% to ¥35,214,416.28, while the net profit after deducting non-recurring gains and losses rose by 35.16% to ¥32,455,761.55[23] - Operating profit reached 40.40 million yuan, an increase of 62.12% year-on-year, while net profit attributable to shareholders was 35.21 million yuan, up 21.89%[37] - The gross profit margin improved by 13.07% year-on-year, with gross profit amounting to 82.64 million yuan[53] - The company achieved a net profit of ¥35,439,228.20, marking a 60.72% increase year-on-year[63] Business Operations and Strategy - The main revenue source is from the communication industry, which is facing intense competition and uncertainty during the new infrastructure phase[6] - The company plans to continuously advance product research and technological innovation to adapt to market demands and expand its product line[7] - The company aims to explore new business areas through independent research and external development strategies[7] - The company has established strategic partnerships with major clients such as Huawei and ZTE, focusing on the demand for waterproof sealing materials in communication base stations[31] - The company has begun mass production of 5G plastic metallized devices and heat sinks, although order deliveries were delayed due to the pandemic[31] - The electric power business saw significant growth, with products widely used in major power grids including the State Grid and Southern Power Grid[31] - The company is actively expanding into new business areas, including the power industry and 5G communication, to diversify revenue sources[42] - The company has strengthened its R&D and production teams to enhance its competitive edge in the 5G communication sector[38] Financial Management - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[10] - The stock price volatility is influenced by various factors, including macroeconomic policies and market speculation, which may pose risks to investors[9] - The company has maintained a strong market position in the rubber and plastic products industry, benefiting from technological advancements and industry demand[39] - The company has implemented a "quality improvement and efficiency enhancement" plan to boost operational efficiency through talent acquisition and management optimization[56] - The company has not made any significant equity investments during the reporting period[75] Investments and Acquisitions - The company acquired 51% of Shenzhen Xinwen Communication Technology Co., Ltd. to expand its presence in the 5G communication market[31] - The company has completed the acquisition of 30% equity in Shenzhen Dongchuang Precision Technology Co., Ltd. through cash payment, which will no longer constitute a related party transaction[177] - The company plans to acquire 100% equity of Shenzhen Dongchuang Precision Technology Co., Ltd. through a combination of issuing shares and cash payments, involving 11 transaction parties[157] Shareholder and Stock Management - The company has a lock-up period for shares held by directors and senior management, restricting transfers for a specified duration[116] - The company will announce any increase in holdings within 2 trading days after the triggering conditions are met[128] - The company committed to maintaining an annual cash dividend level of no less than 20% of the distributable profits achieved in the current year[132] - The company plans to repurchase shares not exceeding 2% of the total share capital to stabilize stock prices, with a minimum repurchase fund of RMB 10 million[126] Research and Development - R&D investment increased by 25.27% to ¥10,224,395.57, indicating a focus on innovation[60] - Research and development expenses increased by 30%, totaling 300 million RMB, focusing on new material technologies[121] - The company has obtained a total of 76 patents, including 7 invention patents and 69 utility model patents[48] Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[121] - The company has established a "localization" strategy to enhance global market penetration, with subsidiaries in Latin America and Europe operational[59] - The company has successfully entered Huawei's qualified supplier system in Brazil, enhancing its international market presence[59] Operational Efficiency - The company emphasizes the importance of maintaining efficient operations and a suitable talent team for future growth[8] - Operating costs reduced by 27.27% to ¥75,825,434.73, contributing to improved profitability[60] - The company has maintained a 100% on-time delivery rate, receiving high praise from major clients during the pandemic[54] Compliance and Governance - The company has not faced any penalties or rectification issues during the reporting period[143] - The company has conducted environmental assessments, confirming compliance with national and local standards for industrial emissions and waste management[170] - The company will publicly announce any failure to fulfill commitments in designated publications[132]

Financial Performance - The company's operating revenue for 2019 was ¥305,983,661.78, representing a 7.03% increase compared to ¥285,877,266.92 in 2018[24]. - The net profit attributable to shareholders for 2019 was ¥49,408,605.83, an increase of 11.52% from ¥44,305,300.27 in 2018[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥11,247,060.91, a decrease of 71.07% compared to ¥38,873,078.25 in 2018[24]. - The net cash flow from operating activities increased by 211.06% to ¥75,328,923.53 from ¥24,216,820.95 in 2018[24]. - The total assets at the end of 2019 were ¥706,929,367.07, a 21.49% increase from ¥581,866,888.92 at the end of 2018[24]. - The net assets attributable to shareholders at the end of 2019 were ¥552,200,610.24, up 10.39% from ¥500,223,559.37 at the end of 2018[24]. - The basic earnings per share for 2019 were ¥0.400, an increase of 11.11% from ¥0.360 in 2018[24]. - The diluted earnings per share for 2019 were also ¥0.400, reflecting the same increase of 11.11% from ¥0.360 in 2018[24]. - The weighted average return on equity for 2019 was 9.39%, up from 9.03% in 2018[24]. - The company reported a net profit of -¥2,990,213.86 in Q4 2019, contrasting with positive profits in the first three quarters[26]. Investment and Acquisitions - The company is actively pursuing external investments to deepen its business layout in the communication and power sectors, as well as entering the automotive and marine sectors[11]. - The company acquired a 65% stake in Wuxi Kuncheng, enhancing its product offerings and customer base in the power sector, with products now utilized by major clients like State Grid and Southern Power Grid[35]. - The company completed acquisitions of COTRAN LATIN AMERICA LTDA for $100,721.17 and Wuxi Kuncheng New Material Technology Co., Ltd. for $103,350,000.00 in 2019[76]. - The company has engaged in mergers and acquisitions, specifically acquiring a company involved in technology development and manufacturing[104]. - The company acquired 100% equity of COTRAN LATIN AMERICA LTDA for approximately 100.72 million RMB in May 2019, which resulted in a net loss of approximately 34.19 million RMB for the acquired entity[190]. - The company also acquired 65% equity of Wuxi Kuncheng New Material Technology Co., Ltd. for approximately 103.35 million RMB in June 2019, with a net profit of approximately 11.11 million RMB for the acquired entity[190]. Research and Development - The company is committed to developing new products through technological innovation to meet market demands and improve product gross margins[8]. - Continuous R&D investment and technological innovation have positioned the company's core products as industry leaders, contributing to winning key customer orders[42]. - The company expanded its R&D team to 77 personnel in 2019, representing 18.29% of the total workforce, up from 13.91% in 2018[92]. - The company completed multiple R&D projects aimed at enhancing product performance and expanding its product line in various sectors, including 5G technology and marine engineering[88]. - The company reported investment income of CNY 14,796,846.91, accounting for 30.39% of total profit, primarily from the sale of long-term equity investments[95]. Market Expansion and Strategy - The company is expanding its business into the 5G communication sector, which may lead to increased competition and potential risks of declining product gross margins[8]. - The company has established subsidiaries in Brazil and Hong Kong to enhance its international market presence[61]. - The company emphasizes a "localization" strategy to deepen its market penetration in South America and Europe[61]. - The company has focused on integrating its product lines in the communication and electric power sectors, ensuring a comprehensive service offering[54]. - The company plans to increase investment in 5G plastic metallization business, focusing on developing precision plastic metallization components to meet customer needs[134]. Financial Management and Dividend Policy - The company has a cash dividend distribution plan, proposing to distribute 1 RMB per 10 shares to all shareholders, based on a total of 124,866,547 shares[12]. - The company implemented a profit distribution policy, distributing cash dividends of 1.00 RMB per share, totaling approximately 8.92 million RMB, and a capital reserve increase of 4 shares for every 10 shares held[143]. - The total distributable profit for the company was 130,933,430.50 yuan, with cash dividends accounting for 100% of the profit distribution[145]. - The cash dividend for 2019 represented 25.27% of the net profit attributable to the company's ordinary shareholders[147]. - The company has maintained a consistent cash dividend policy over the past three years, with the 2017 dividend being 3.5 yuan per 10 shares and the 2018 dividend being 1.00 yuan per 10 shares[146]. Operational Efficiency and Risk Management - The company emphasizes the importance of maintaining a high level of operational efficiency and management capability as it expands its scale and geographic reach[9]. - The company acknowledges the risk of declining sales gross margins due to price adjustments made to maintain long-term strategic partnerships with clients[8]. - The company faces risks related to fluctuations in its stock price, influenced by various external factors including macroeconomic policies and market speculation[12]. - The company recognizes the potential impact of changes in global mobile communication policies on its operations, particularly in relation to its main clients in the communication equipment sector[6]. - The company has established a comprehensive evaluation process for selecting strategic external manufacturers to ensure quality and technical standards are met[39]. Corporate Governance and Compliance - The company has ongoing performance commitments related to its acquisition, ensuring minimum net profit targets for the next three years[149]. - The company has a mechanism in place for independent directors to fulfill their responsibilities regarding the cash dividend policy[144]. - The company has provided opportunities for minority shareholders to express their opinions and protect their legal rights[144]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO on the Shenzhen Stock Exchange[151]. - The company will publicly explain any failure to fulfill commitments and apologize to shareholders and the public[172].

Financial Performance - Total revenue for Q1 2020 was ¥59,932,490.70, a decrease of 27.57% compared to ¥82,741,702.23 in the same period last year[7] - Net profit attributable to shareholders was ¥8,839,123.90, down 29.48% from ¥12,533,938.35 year-on-year[7] - Basic earnings per share decreased by 50.00% to ¥0.07 from ¥0.14 in the previous year[7] - The net cash flow from operating activities was ¥3,483,843.65, a decline of 9.92% compared to ¥3,867,571.73 in the same period last year[7] - The company's total revenue for Q1 2020 was CNY 59.93 million, a decrease of 27.57% compared to the same period last year[18] - Net profit attributable to shareholders for Q1 2020 was CNY 8.84 million, down 29.48% year-on-year[18] - The company's operating income for Q1 2020 was CNY 47,501,256.92, a decrease from CNY 64,661,827.55 in the previous period[57] - The net profit for Q1 2020 was CNY 8,605,992.80, down from CNY 9,263,489.43 year-over-year, representing a decline of approximately 7.1%[54] - The total comprehensive income for Q1 2020 was CNY 8,364,377.44, compared to CNY 9,263,489.43 in the previous year, reflecting a decline of about 9.7%[55] Assets and Liabilities - Total assets at the end of the reporting period increased by 4.78% to ¥740,742,906.63 from ¥706,929,367.07 at the end of the previous year[7] - The company's total assets as of March 31, 2020, reached approximately ¥740.74 million, compared to ¥706.93 million at the end of 2019, indicating an increase of about 4.8%[45] - Total liabilities increased to CNY 170,558,752.37 from CNY 147,623,527.11 year-over-year[47] - The company's equity attributable to shareholders reached CNY 563,356,370.09, up from CNY 552,200,610.24[47] Cash Flow - The net cash flow from investment activities was CNY 4.39 million, a significant improvement of 159.05% compared to the previous year[17] - The cash flow from operating activities was CNY 70,633,415.21, slightly down from CNY 73,554,022.12 in the previous period[61] - The total cash inflow from investment activities was ¥88,690,156.72, down from ¥101,533,030.88 in the previous year, resulting in a net cash flow from investment activities of ¥4,387,883.43, compared to a negative cash flow of ¥7,430,958.63 in Q1 2019[62] - The cash inflow from financing activities totaled ¥44,358,273.67, a decrease from ¥51,792,645.66 in the same period last year, leading to a net cash flow from financing activities of ¥19,027,921.68, down from ¥42,483,870.90[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,514[11] - The largest shareholder, Shenzhen Kexin Huake Technology Co., Ltd., held 20.18% of the shares, amounting to 25,200,000 shares[11] Research and Development - Research and development expenses increased by 41.39% to CNY 4.31 million, reflecting the company's focus on 5G technology[18] - Research and development expenses increased to CNY 3,085,212.09 in Q1 2020, compared to CNY 2,192,292.96 in the previous year, marking a rise of about 40.8%[57] Business Strategy and Market Conditions - The company faced significant pressure on overseas business profitability due to the global COVID-19 pandemic and economic downturn, prompting adjustments in market structure[21] - The company reported a risk of revenue fluctuation due to changes in global mobile communication policies affecting its main customers, the communication equipment integrators[22] - The company executed its annual business plan effectively during the reporting period, with no changes to the annual operating plan[21] Investments and Acquisitions - The company plans to acquire 51% of Shenzhen Xinwen Communication Technology Co., Ltd. to enhance its 5G product development capabilities[19] - The company is in the process of acquiring Shenzhen Dongchuang Precision Technology Co., Ltd., with ongoing disclosures regarding the progress of this major asset restructuring[30] - The company has terminated the acquisition of a 60% stake in Zhenjiang Huahao Communication Equipment Co., Ltd. due to a lack of agreement on specific cooperation matters[29] Tax and Expenses - The company incurred a tax expense of CNY 1,475,684.60 in Q1 2020, down from CNY 3,282,104.82 in the previous year, indicating a reduction of about 55.1%[54] - The company reported a significant reduction in tax payments, with cash paid for taxes amounting to ¥3,244,994.72, down from ¥8,400,872.50 in the previous year, representing a decrease of 61.3%[62] Future Outlook - In the first half of 2020, the company expects a net profit attributable to shareholders to change by 10% to 30% compared to the same period last year, with a projected increase of 40% to 60% in the second quarter[37]

Financial Performance - The company's operating revenue for 2019 was CNY 305,983,661.78, representing a 7.03% increase from CNY 285,877,266.92 in 2018[25]. - The net profit attributable to shareholders for 2019 was CNY 49,408,605.83, an increase of 11.52% compared to CNY 44,305,300.27 in 2018[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,247,060.91, a significant decrease of 71.07% from CNY 38,873,078.25 in 2018[25]. - The net cash flow from operating activities increased by 211.06% to CNY 75,328,923.53 from CNY 24,216,820.95 in 2018[25]. - The total assets at the end of 2019 were CNY 706,929,367.07, a 21.49% increase from CNY 581,866,888.92 at the end of 2018[25]. - The net assets attributable to shareholders at the end of 2019 were CNY 552,200,610.24, up 10.39% from CNY 500,223,559.37 at the end of 2018[25]. - The basic earnings per share for 2019 were CNY 0.400, an increase of 11.11% from CNY 0.360 in 2018[25]. - The weighted average return on equity for 2019 was 9.39%, compared to 9.03% in 2018[25]. - The company reported a net profit of CNY -2,990,213.86 in Q4 2019, contrasting with profits in the first three quarters[27]. Dividend Distribution - The company has a cash dividend distribution plan of 1 RMB per 10 shares (including tax) for a total of 124,866,547 shares, with no bonus shares issued[12]. - The cash dividend accounted for 100% of the distributable profit of 130,933,430.50 yuan[145]. - The cash dividend for 2019 represented 25.27% of the net profit attributable to the company's ordinary shareholders[147]. - The company has implemented a stable profit distribution policy, distributing a cash dividend of 1.00 RMB per share, totaling approximately 8.92 million RMB, and a capital reserve increase of 4 shares for every 10 shares held[143]. Business Expansion and Strategy - The company is expanding its business into the 5G communication sector, which may increase competition and pressure on profit margins due to the rising number of market players[8]. - The company is actively pursuing external investments to deepen its business layout in the communication and power sectors, as well as entering the automotive and marine sectors[11]. - The company is committed to providing customized services to its clients to enhance customer relationships and support long-term partnerships[8]. - The company has established partnerships with major telecom equipment manufacturers and operators, ensuring stable orders and insights into future industry trends[49]. - The company plans to expand its efforts in the power industry and has acquired a 65% stake in Wuxi Kuncheng, which will enhance its revenue from this sector[71]. - The company is actively planning a major asset restructuring and refinancing to meet the explosive demand for 5G communication base station components[60]. Research and Development - The company emphasizes talent development through initiatives like the "General Manager Growth Camp" to enhance management capabilities[63]. - The company invested a total of RMB 19,986,716.00 in R&D, which is 6.53% of total revenue[89]. - Continuous R&D investment and technological innovation have positioned the company's core products, such as high-performance special rubber adhesive tape, as industry leaders[43]. - The company completed several key R&D projects, including advancements in waterproof cold shrink technology and new sealing products for communication joints[89]. - The company plans to enhance its R&D capabilities by recruiting experienced professionals in plastic metallization product development and establishing a CNAS laboratory for high-frequency wireless materials[134]. Acquisitions and Investments - The company completed two acquisitions in 2019, including COTRAN LATIN AMERICA LTDA for $100,721.17 and Wuxi Kuncheng New Material Technology Co., Ltd. for $103,350,000.00, with the latter contributing a net profit of $30,880,241.44 from the acquisition date to year-end[77]. - The company acquired 65% of Wuxi Kuncheng New Materials Technology Co., Ltd. for 103.35 million CNY, using remaining funds from the "High-Performance Special Rubber Sealing Material Construction Project" for the payment[108]. - The company has established a new subsidiary, Jiangsu Jinxinhui Ocean Engineering Technology Research Institute Co., Ltd., with a registered capital of RMB 10 million in January 2019, which has been included in the consolidated financial statements since its establishment[192]. Market Trends and Challenges - The company acknowledges the risk of stock price volatility influenced by macroeconomic policies, market speculation, and investor sentiment, which could lead to potential losses for investors[12]. - The company recognizes the impact of global mobile communication policies on its main revenue source from the telecommunications industry, which could affect its operational performance[6]. - The 5G industry in China is projected to reach a total market size of 1.15 trillion RMB from 2019 to 2026, representing nearly a 50% increase compared to the 4G industry[131]. Operational Efficiency - The company emphasizes the importance of maintaining a high level of management efficiency to cope with the complexities arising from its expanding operations and organizational structure[9]. - The company employs a dual production model, combining in-house production for key products and outsourcing for certain auxiliary products to maintain focus on core offerings[40]. - The company maintains a strict quality standard system and has obtained ISO9001 and ISO14001 certifications, enhancing customer service and product quality[50]. Financial Management - The company reported a significant increase in cash inflow from financing activities, totaling ¥88,635,576.37, up 204.95% from the previous year[93]. - The company’s investment activities generated a net cash outflow of ¥121,934,587.53, a 70.43% increase in outflow compared to 2018[93]. - The company has not experienced any major changes in the use of raised funds, ensuring compliance with relevant regulations[108]. Compliance and Governance - The company has not faced any penalties or rectification issues during the reporting period[196]. - The company is committed to adhering to legal regulations regarding share transfers and will face legal consequences for non-compliance[156]. - The company has made necessary adjustments to its financial statement formats in line with the revised financial reporting requirements issued by the Ministry of Finance[187].

Financial Performance - Net profit attributable to shareholders rose by 99.86% to CNY 23,507,903.92 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -4,156,620.09, a decline of 139.09%[7] - Basic earnings per share rose by 46.15% to CNY 0.19 for the reporting period[7] - Net profit increased by 24.82% to ¥44,473,248.60 from ¥35,630,047.72 year-on-year[20] - The net profit attributable to shareholders increased by 29.21% to ¥52,398,819.69 from ¥40,553,805.94 year-on-year[20] - The total comprehensive income attributable to the parent company was CNY 23,507,903.92, compared to CNY 11,762,376.82 in the same quarter last year, showing significant growth[59] - The company reported a total investment income of CNY 14,475,076.62 for the year-to-date period, significantly higher than CNY 3,300,051.93 in the previous year[61] Revenue and Costs - Operating revenue decreased by 7.23% to CNY 63,445,910.04 compared to the same period last year[7] - Total operating revenue for Q3 2019 was CNY 63,445,910.04, a decrease from CNY 68,388,979.65 in the previous period[55] - The company's operating revenue for Q3 2019 was CNY 39,810,770.41, a decrease of 23.8% compared to CNY 52,301,672.40 in the same period last year[59] - Total operating costs increased to CNY 62,137,647.28 from CNY 58,336,800.85, with operating costs specifically rising to CNY 36,005,882.56 from CNY 40,154,019.30[55] - Operating costs for the year-to-date period were CNY 214,282,782.43, up 24.1% from CNY 172,724,439.01 in the same period last year[61] Assets and Liabilities - Total assets increased by 20.89% to CNY 703,401,349.48 compared to the end of the previous year[7] - The total liabilities increased to CNY 144,799,329.96 from CNY 82,455,592.68, indicating a significant rise of about 75.7%[47] - The company's total liabilities reached CNY 118,735,536.14, an increase from CNY 85,803,659.45 in the previous period[52] - The company's total assets as of September 30, 2019, amounted to CNY 691,782,698.91, up from CNY 604,690,949.53 at the end of 2018[53] - The company's current assets reached CNY 443,247,889.47, compared to CNY 418,151,884.84 at the end of 2018, reflecting a growth of approximately 6.5%[45] Cash Flow - Cash flow from operating activities increased by 146.81% to CNY 37,579,798.32 year-to-date[7] - The company reported a significant increase in cash flow from operating activities, totaling ¥37,579,798.32 compared to ¥15,226,049.53 in the same period last year[20] - The total cash inflow from operating activities was CNY 238,534,891.32, up from CNY 182,354,759.03, indicating a growth of approximately 30.9% year-over-year[75] - The company experienced a net cash outflow from investment activities of CNY 69,670,437.42, which is a marginal increase from CNY 68,350,365.01 in the previous year[75] Shareholder Information - The company had a total of 12,265 common shareholders at the end of the reporting period[11] - The largest shareholder, Shenzhen Kexin Huake Technology Co., Ltd., holds 20.18% of the shares[11] - Share capital grew by 43.21% to ¥124,901,547.00, reflecting an increase of 1.998 million shares and a capital reserve conversion of ¥35.69 million[19] Research and Development - R&D expenses increased by 43.26% to ¥13,135,315.91 compared to ¥9,168,712.34 in the same period last year[20] - Research and development expenses for the quarter were CNY 4,973,252.68, compared to CNY 3,817,790.56 in the previous period, reflecting increased investment in innovation[55] - Research and development expenses increased to ¥9,407,595.74, representing a rise of 36.9% compared to ¥6,880,769.90 in the same period last year[67] Financial Management - The company utilized RMB 80 million of temporarily idle raised funds for cash management, investing in low-risk financial products, with a contract signed on April 4, 2019, and an early redemption on July 4, 2019, returning the principal with no actual earnings[32] - The company’s board approved the use of raised funds for cash management while ensuring it does not affect ongoing projects and operations[32] - The company has implemented a three-party supervision agreement with Guangfa Bank and Everbright Securities to regulate the management of raised funds[36]

证券代码：300731 证券简称：科创新源 公告编号：2019-105 深圳科创新源新材料股份有限公司 关于参加 2019 年深圳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、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳科创新源新材料股份有限公司 （以下简称"公司"、"科创新源"）将参加由深圳上市公司协会、深圳市全景 网络有限公司共同举办的"改革创新发展 沟通互信共赢"——深圳辖区上市公 司2019年度投资者网上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络远程的方式举行，投资者可以登录"全景•路演天下"网站（http://rs.p5w.net/） 或关注微信公众号：全景财经，参与公司本次投资者集体接待日活动，活动时间 为2019年9月3日14:00至18:00。 届时公司董事会秘书梁媛女士将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳科创新源新材料股份有限公司 董事会 二〇一九年八月二十九日 ...

Financial Performance - Total revenue for the reporting period reached ¥171,114,790.34, an increase of 20.53% compared to ¥141,963,623.09 in the same period last year[25]. - Net profit attributable to shareholders was ¥28,890,915.77, showing a slight increase of 0.35% from ¥28,791,429.12 year-on-year[25]. - Net cash flow from operating activities surged by 178.70% to ¥27,270,183.33, compared to ¥9,784,642.42 in the previous year[25]. - Total assets increased by 42.46% to ¥828,926,152.18 from ¥581,866,888.92 at the end of the previous year[25]. - The company reported a decrease of 3.88% in net profit after deducting non-recurring gains and losses, totaling ¥24,013,321.91 compared to ¥24,983,915.68 in the previous year[25]. - The company achieved a revenue of 171.11 million yuan in the first half of 2019, representing a year-on-year growth of 20.53%[55]. - The net profit attributable to shareholders was 28.89 million yuan, remaining stable compared to the same period last year[55]. - The company reported a significant increase in financial expenses by 267.80% to RMB 852,048.60, due to short-term bank loans and the consolidation of newly acquired subsidiaries[65]. Acquisitions and Investments - The company has established an industrial merger fund and acquired companies in the automotive sealing sector, including Wuhu Hangchuang and Liuzhou Honggui, as well as in the power sector with Wuxi Kuncheng, indicating a strategic focus on expansion through acquisitions[9][10]. - The company acquired 65% equity in Wuxi Kuncheng to enhance its product line and customer base in the power industry[35]. - In the automotive sealing business, the company acquired controlling stakes in Wuhu Xianglu and Liuzhou Honggui, gaining first-tier supplier qualifications from major automotive manufacturers[35]. - The company has established an industrial merger fund, Huizhi Xinyuan Venture Capital, to support acquisitions in the automotive sealing and power sectors, including Wuhu Hangchuang and Wuxi Kuncheng[109]. - The company plans to acquire 65% of Wuxi Kuncheng New Material Technology Co., Ltd. for CNY 103.35 million using remaining funds from a previous project[86]. Research and Development - The company is focusing on R&D for marine anti-corrosion materials, targeting applications in offshore wind power and marine engineering[36]. - The company is advancing its 5G communication system product development, with successful prototype testing and upcoming small-batch supply[34]. - The company invested RMB 8,162,063.23 in R&D, a 52.54% increase from RMB 5,350,921.78, to enhance technological innovation and support automotive sector expansion[65]. - Investment in R&D increased by 30% year-on-year, focusing on innovative materials and technologies[118]. - The company has developed a 5G product research and operation team to capitalize on opportunities from the 5G communication technology construction[58]. Market Expansion - The company is focusing on expanding its market presence in the telecommunications and power sectors, leveraging its direct sales and distribution models[41]. - The company expanded its overseas market presence, with sales revenue from international markets reaching 16.81 million yuan, an increase of 14.24% year-on-year[57]. - The company is actively pursuing a "localization" strategy in overseas markets, establishing subsidiaries to enhance market coverage and influence[57]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2020[120]. Operational Efficiency - The company plans to enhance its "sustainable management capability" to improve overall operational efficiency in response to macroeconomic risks, including the impact of the US-China trade war[5]. - The company has implemented a strict quality standard system and obtained ISO9001 and ISO14001 certifications, ensuring high product quality and customer satisfaction[49]. - The company’s safety stock management ensures stable raw material supply, considering market supply and price fluctuations[38]. - The company has invested in specialized production equipment to improve production efficiency and reduce costs, while also protecting proprietary technology[51]. Financial Management - The company has not distributed cash dividends or bonus shares for the half-year period, indicating a focus on reinvestment[113]. - The company has committed to performance guarantees for Wuxi Kuncheng, ensuring a minimum net profit of RMB 1.5 million, RMB 1.6 million, and RMB 1.7 million for the years 2019, 2020, and 2021 respectively[115]. - The company has committed to stabilizing its stock price if the weighted average price falls below the audited net asset value per share from the previous fiscal year[125]. - The company plans to repurchase shares if the stock price remains below the specified threshold for 20 consecutive trading days, with a maximum repurchase amount not exceeding 2% of total shares[126]. Corporate Governance - The company has appointed a new board secretary, Liang Yuan, effective March 29, 2019, to enhance corporate governance[184]. - The company has engaged multiple intermediaries for its IPO, ensuring compliance and accountability[131]. - The company is committed to ensuring compliance with relevant laws and regulations in its operations and financial practices[135]. Environmental and Social Responsibility - The company does not belong to the key pollutant discharge units as published by the environmental protection department, and all environmental tests met national and local standards[161]. - The company has not conducted any poverty alleviation work or plans for the reporting period[162].