科顺防水科技股份有限公司 投资者关系活动记录表 证券代码： 300737 证券简称：科顺股份 科顺防水科技股份有限公司投资者关系活动记录表 编号：2022-002 | --- | --- | --- | --- | --- | |-----------------------|-------|--------------------------------------------------------------------------------------|------------|-------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | 特定对象调研 | 分析师会议 | | | 投资者关系活动 | | 媒体采访 | 业绩说明会 | | | 类别 | | 新闻发布会 | 路演活动 | | | | | 现场参观 | | | | ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,815,943,134.37, a decrease of 5.50% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was ¥23,744,810.62, down 88.31% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,893,523.37, a decline of 99.01% compared to the previous year[6]. - The net profit for the third quarter of 2022 was CNY 268,079,073.06, a decrease of approximately 60.2% compared to CNY 673,328,783.57 in the same period last year[41]. - The operating revenue for the third quarter of 2022 was CNY 5,956,544,968.68, which is an increase of about 4.8% from CNY 5,682,542,329.05 in the previous year[38]. - The company's operating costs rose to CNY 5,595,133,540.83, up from CNY 4,809,494,913.05, reflecting an increase of approximately 16.4%[38]. - Total comprehensive income for the period was $309,540,360.36, a decrease of 53.16% compared to $656,974,193.78 in the previous period[44]. - Basic and diluted earnings per share decreased to $0.23 from $0.59, reflecting a decline of 61.02%[44]. Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥13,099,991,139.70, an increase of 21.41% from the end of the previous year[6]. - As of September 30, 2022, the total assets of the company reached CNY 13,099,991,139.70, an increase from CNY 10,789,490,108.38 at the beginning of the year, representing a growth of approximately 21.5%[33]. - The company's total liabilities amounted to CNY 7,397,712,768.07, up from CNY 5,821,614,676.83, indicating an increase of about 27.1%[33]. - The total equity attributable to the parent company increased to CNY 5,702,205,213.48 from CNY 4,967,875,431.55, marking a growth of approximately 14.8%[37]. Cash Flow - The net cash flow from operating activities for the first nine months was -¥709,698,096.88, a decrease of 14.52% compared to the same period last year[12]. - Cash inflows from operating activities totaled $5,326,924,607.59, slightly down from $5,347,514,126.35, a decrease of 0.38%[47]. - Cash outflows from operating activities increased to $6,036,622,704.47 from $5,967,216,385.25, an increase of 1.16%[47]. - Net cash flow from operating activities was -$709,698,096.88, worsening from -$619,702,258.90 in the previous period[49]. - Cash inflows from investing activities were $95,892,307.94, down from $353,233,314.42, a decrease of 72.86%[49]. - Net cash flow from investing activities was -$378,195,889.80, compared to -$230,139,099.06 in the previous period, indicating a worsening of 64.36%[50]. - Cash inflows from financing activities totaled $1,602,790,231.43, a decrease of 3.18% from $1,655,603,143.31[50]. - Net cash flow from financing activities was $795,297,809.53, down from $940,634,358.10, a decrease of 15.43%[50]. - The ending cash and cash equivalents balance was $1,583,162,038.36, compared to $1,346,781,932.06 in the previous period, an increase of 17.55%[50]. Shareholder Information - The company recorded a total of 36,089 common shareholders at the end of the reporting period[13]. - The company repurchased a total of 1,493,000 shares, accounting for 0.1264% of the total share capital, with a total expenditure of RMB 15,010,953.03[21]. - The company reported a total of 277,642,739 restricted shares at the end of the reporting period, with 18,675,093 shares released during the period[20]. - The company has a plan to use repurchased shares for employee stock ownership plans or equity incentives[21]. Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 53.95% to ¥62,170.31 million due to increased raw material reserves[9]. - Short-term borrowings increased by 75.38% to ¥104,444.31 million, primarily due to operational funding needs[9]. - The company’s inventory increased to RMB 621,703,075.52 from RMB 403,832,159.32, indicating a growth of approximately 54.0%[27]. Research and Development - Research and development expenses for the third quarter were CNY 255,166,634.38, a slight decrease from CNY 265,722,924.43 in the previous year[41]. Future Plans - The company plans to issue convertible bonds with a total amount not exceeding RMB 219,800,000.00, adjusted from an initial plan of RMB 220,000,000.00[22]. - The company is actively pursuing market expansion and new product development strategies as part of its growth initiatives[19].

Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 500 million for the first half of 2022, representing a year-on-year growth of 15%[22]. - The company has set a revenue target of RMB 1 billion for the full year 2022, indicating a projected growth rate of 20% compared to 2021[22]. - The company's operating revenue for the reporting period was ¥4,140,601,834.31, representing a 10.09% increase compared to ¥3,760,964,295.18 in the same period last year[29]. - In the first half of 2022, the company achieved a sales revenue of 4.141 billion yuan, a year-on-year increase of 10.09%[68]. - The company reported a revenue of 1.5 billion yuan for the first half of 2022, representing a year-over-year increase of 20%[194]. Profitability - Net profit attributable to shareholders decreased by 47.99% to ¥244,498,889.83 from ¥470,135,012.56 year-on-year[29]. - The net profit after deducting non-recurring gains and losses was ¥176,379,124.13, down 59.26% from ¥432,938,008.88 in the previous year[29]. - The gross profit margin for waterproof materials sales decreased by 8.17% to 22.54%, despite a revenue increase of 6.58%[81]. - The net profit attributable to shareholders decreased by 47.99% due to significant increases in raw material prices, particularly asphalt[68]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base, with over 200 new clients acquired in the first half of 2022, contributing to a 10% increase in market share[22]. - The company is actively pursuing market expansion, with plans to enter three new provinces by the end of 2022, aiming for a 30% increase in regional sales[22]. - The company is expanding into non-residential sectors, significantly reducing the proportion of revenue from real estate projects, with a nearly 20 percentage point decrease in revenue from housing-related projects[69]. - The company plans to raise up to 2.2 billion yuan through convertible bonds to fund the construction and expansion of production bases in Anhui, Fujian, and Chongqing, which is expected to increase annual production capacity by 10%-15% by 2025[74]. - The company plans to enhance market development efforts and optimize customer and product structures to mitigate risks associated with the real estate market[109]. Research and Development - New product development includes the launch of a high-performance waterproofing membrane, which is expected to increase sales by 25% in the next quarter[22]. - The company specializes in the research, production, and sales of new building waterproof materials, with over 100 product varieties[39]. - The company has a strong independent R&D capability and has obtained various certifications, including CRCC certification for its products[40]. - Research and development investment rose by 3.95% to ¥145,330,441.75, indicating continued commitment to innovation[80]. - The company has developed an innovative "one-time waterproofing" solution, extending the warranty period to 30 years, significantly exceeding the national standard of 5 years[57]. Risk Management - The company is facing risks related to raw material price fluctuations, particularly in asphalt and polymer materials, which have seen price increases of up to 20% in the past six months[6]. - Accounts receivable have increased by 12% due to longer payment terms from clients, which may impact cash flow if economic conditions worsen[7]. - The company has identified potential acquisition targets in the waterproofing sector, which could enhance its product offerings and market presence[22]. - The company plans to enhance its raw material inventory and utilize hedging tools to mitigate the risks associated with raw material price volatility[110]. - The company will actively adjust sales strategies and strengthen credit risk management to improve accounts receivable turnover rates[111]. Environmental Compliance - The company adheres to national and local environmental protection and energy-saving laws and regulations, regularly reviewing compliance with legal requirements[129]. - The company has implemented ISO14001 and ISO50001 certifications for environmental and energy management systems[129]. - The company is committed to continuous improvement in energy management and environmental protection practices[129]. - The company has established a green low-carbon circular economy development system to promote comprehensive green transformation[129]. - The company has reported a total emission of 12.569 tons per year for particulate matter from its Jingmen facility, complying with the GB16297-1996 standard[133]. Corporate Governance and Commitments - The company has committed to zero environmental pollution incidents and is focused on creating green factories to improve resource utilization[179]. - The company has established measures to ensure that no unfair benefits are provided to other entities or individuals[195]. - The commitments made during the IPO process are valid indefinitely and are being fulfilled normally[197]. - The company guarantees to cover any administrative penalties related to unpaid social insurance and housing fund contributions prior to its IPO[199]. - The controlling shareholders have committed to not interfering with the company's management and to take measures to mitigate any dilution of immediate returns[199].

Financial Performance - The company's operating revenue for 2021 was ¥7,770,724,151.68, representing a 24.57% increase compared to ¥6,237,878,504.62 in 2020[37]. - The net profit attributable to shareholders for 2021 was ¥672,619,138.53, a decrease of 24.45% from ¥890,334,135.37 in 2020[37]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥572,154,046.95, down 35.42% from ¥885,987,331.88 in 2020[37]. - The total assets at the end of 2021 were ¥10,789,490,108.38, an increase of 32.41% from ¥8,148,385,473.43 at the end of 2020[37]. - The net assets attributable to shareholders at the end of 2021 were ¥4,967,875,431.55, up 19.64% from ¥4,152,488,797.20 at the end of 2020[37]. - The basic earnings per share for 2021 was ¥0.60, a decrease of 26.83% from ¥0.82 in 2020[37]. - The diluted earnings per share for 2021 was ¥0.59, down 28.05% from ¥0.82 in 2020[37]. - The net cash flow from operating activities for 2021 was ¥611,134,567.34, an increase of 10.68% from ¥552,180,280.32 in 2020[37]. - The company reported a total of ¥100,465,091.58 in non-recurring gains for 2021, significantly higher than ¥4,346,803.49 in 2020[45]. - The company experienced a negative net profit in the fourth quarter of 2021, amounting to -¥709,645.04 attributable to shareholders[42]. Market and Industry Insights - The company reported a significant reliance on the real estate sector, which is a major source of sales revenue, indicating that any downturn in the real estate market could adversely affect revenue growth and profitability[7]. - The company emphasizes the importance of macroeconomic conditions and government policies on its financial health, particularly regarding the collection of accounts receivable[10]. - The domestic waterproofing industry has a market capacity exceeding 200 billion RMB, with the company holding less than 5% market share, indicating significant growth potential[151]. - The company anticipates increased demand for waterproofing materials due to infrastructure investments exceeding 11 trillion RMB planned for 2022[151]. - The real estate sector is expected to rebound in 2022, which may lead to higher quality requirements for waterproofing materials[152]. - The industry is experiencing an exit of outdated production capacity, improving the competitive environment for larger enterprises[153]. - The waterproofing industry is entering a new phase of high-quality development, focusing on green, intelligent, and service-oriented growth[156]. Research and Development - The company focuses on independent research and development, with a structured process from product design to mass production[61]. - The company has a research and development team of over 400 people and has established partnerships with prestigious universities, enhancing its technological capabilities[69]. - The company launched nearly 50 new projects in 2021, with several new products achieving mass production and receiving industry awards[105]. - Research and development expenses for 2021 amounted to ¥339,996,564.46, reflecting a 20.64% increase compared to the previous year[102]. - The R&D personnel count increased by 25.95% to 466 in 2021, with the proportion of R&D personnel in the total workforce rising to 11.33%[107]. - The company will continue to invest in R&D, particularly in advanced second-generation production technology and equipment for polymer waterproofing materials[159]. Strategic Initiatives - The company plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves[11]. - The company focused on a "dual hundred billion" strategy, successfully acquiring Fengze Co., entering the damping and isolation industry, and launching the "Keshun Oasis" rainwater management system[80]. - The company aims to achieve over 10 billion RMB in sales revenue in 2022 as part of its "Double 10 Billion" strategy[160]. - The company plans to increase the coverage rate of its distributors to 100% and enhance market penetration in emerging fields and advantageous products[162]. - The company will implement a convertible bond refinancing plan to raise funds for capital investment over the next three years[166]. - The company aims to improve its operational efficiency and self-reform to adapt to changing market conditions and enhance its competitive advantage[165]. Risk Management - The company faces risks related to raw material price fluctuations, particularly for petroleum-based products, which could impact profitability if prices rise significantly[8]. - The company acknowledges the risk of accounts receivable collection issues due to potential financial deterioration of its major debtors amid economic downturns[10]. - The company will enhance its risk management strategies to address potential risks from real estate demand fluctuations and raw material price volatility[167][171]. Corporate Governance - The company is committed to maintaining a robust governance structure, ensuring compliance with relevant laws and regulations[184]. - The company has established a strategic committee to provide professional insights for decision-making processes[186]. - The company held 11 supervisory meetings during the reporting period, approving 78 proposals to ensure compliance with legal and regulatory requirements[189]. - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management to enhance governance efficiency[190]. - The company has a clear set of guidelines for the general manager's responsibilities and conducts regular management meetings to oversee daily operations[191]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors through designated media[192].

Revenue and Profit - Revenue for Q1 2022 reached ¥1,734,631,538.48, an increase of 18.71% compared to ¥1,461,287,655.52 in the same period last year[5] - Net profit attributable to shareholders decreased by 40.82% to ¥99,048,987.20 from ¥167,372,421.32 year-on-year[5] - The company experienced a 40.97% decline in operating profit, which amounted to ¥11,666.87 million compared to ¥19,765.71 million in the previous year[8] - Net profit for the current period was ¥99,048,987.20, a decrease of 40.73% from ¥167,372,421.32 in the previous period[32] - The comprehensive income for the current period totaled ¥91,980,580.47, down from ¥175,481,560.46 in the previous period, a decrease of 47.60%[32] Cash Flow - The net cash flow from operating activities showed a significant decline, with a net outflow of ¥1,098,352,709.03, compared to an outflow of ¥273,401,680.98 in the previous year, representing a 301.74% increase in outflow[5] - Operating cash inflow for the current period was ¥1,331,172,981.80, a decrease of 6.1% from ¥1,417,681,482.87 in the previous period[36] - Cash outflow from operating activities totaled ¥2,429,525,690.83, compared to ¥1,691,083,163.85 in the previous period, resulting in a net cash flow from operating activities of -¥1,098,352,709.03[36] - Cash inflow from investment activities was ¥50,674,906.31, significantly lower than ¥321,554,876.66 in the previous period[39] - Cash outflow from investment activities was ¥89,543,367.21, down from ¥171,747,296.51 in the previous period, leading to a net cash flow from investment activities of -¥38,868,460.90[39] - Total cash inflow from financing activities was ¥643,236,058.91, an increase from ¥467,109,423.33 in the previous period[39] - Net cash flow from financing activities was ¥512,904,961.94, compared to ¥158,523,489.35 in the previous period, indicating a strong financing position[39] - The company received cash from borrowings amounting to ¥509,609,742.91, up from ¥241,122,000.48 in the previous period, reflecting increased leverage[39] - Cash received from other financing activities was ¥133,354,533.00, significantly higher than ¥32,781.34 in the previous period[39] Assets and Liabilities - Total assets increased by 12.57% to ¥12,145,650,790.86 from ¥10,789,490,108.38 at the end of the previous year[5] - The company's total assets increased to ¥12,145,650,790.86, up from ¥10,789,490,108.38, representing a growth of 12.59%[28] - Total current assets increased from ¥8,233,047,269.13 to ¥9,043,770,908.44, which is an increase of about 9.9%[22] - The total liabilities and equity amounted to ¥12,145,650,790.86, compared to ¥10,789,490,108.38 at the beginning of the year, indicating a growth of 12.59%[28] Shareholder Information - The company reported a total of 43,240 common shareholders at the end of the reporting period[11] - The company reported a total of 265,615,337 restricted shares at the end of the period, down from 277,642,739 at the beginning of the year, after 15,224,998 shares were released from restrictions[14] - The company issued 30,351,027 shares, increasing its registered capital to ¥1,181,575,407[18] Inventory and Borrowings - Inventory increased by 78.76% to ¥72,190.70 million, primarily due to an increase in raw material reserves[8] - Short-term borrowings rose by 90.57% to ¥113,485.28 million, attributed to increased bank loans[8] - Accounts receivable increased significantly from ¥3,420,692,439.63 to ¥4,218,720,514.10, marking an increase of about 23.3%[19] - Inventory rose from ¥403,832,159.32 to ¥721,906,960.96, reflecting an increase of approximately 78.5%[19] - Short-term borrowings surged from ¥595,518,455.50 to ¥1,134,852,835.50, indicating an increase of approximately 90.5%[22] Research and Development - Research and development expenses for the current period were ¥52,910,284.15, compared to ¥41,384,806.13 in the previous period, marking a 27.83% increase[29] Growth Strategy - The company plans to continue expanding its market presence and developing new technologies as part of its growth strategy[15]

Financial Performance - The company's revenue for Q3 2021 reached ¥1,921,578,033.87, an increase of 14.64% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 28.60% to ¥203,193,771.01 in Q3 2021, while year-to-date net profit increased by 17.19% to ¥673,328,783.57[5] - The company's basic earnings per share for Q3 2021 was ¥0.18, down 62.58% year-on-year[5] - Operating revenue for the third quarter of 2021 reached CNY 5,682,542,329.05, compared to CNY 4,335,648,669.73 in the same period of 2020, marking an increase of 31.1%[34] - The total profit for the current period is 801,657,585.74, up from 704,023,204.98, reflecting a growth of 13.9%[37] - The operating profit increased to 797,296,295.45 from 703,689,735.41, marking a rise of 13.3%[37] - The total comprehensive income for the current period is 656,974,193.78, compared to 621,417,243.22, showing an increase of 5.7%[37] - Basic and diluted earnings per share decreased to 0.59 from 0.96, reflecting a decline of 38.5%[37] Assets and Liabilities - The company's total assets at the end of Q3 2021 were ¥10,525,482,409.72, reflecting a 29.17% increase from the end of the previous year[5] - Total assets increased to CNY 10,525,482,409.72 as of September 30, 2021, up from CNY 8,148,385,473.43 on December 31, 2020, representing a growth of 29.1%[33] - Total liabilities rose to CNY 5,575,865,630.11 as of September 30, 2021, from CNY 3,995,896,676.23 at the end of 2020, reflecting a growth of 39.5%[33] - Current assets totaled CNY 8,151,314,983.98, up from CNY 6,090,253,621.71, indicating an increase of 33.9%[33] - Total liabilities increased to 4,010,611,877.25 as of January 1, 2021, with an adjustment of 14,715,201.02[58] - Current liabilities totaled 3,746,470,676.58, showing an increase of 5,367,756.78 from the previous period[58] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥619,702,258.90, a significant decline of 1,405.48%[5] - Cash inflow from operating activities reached 5,347,514,126.35, compared to 3,971,176,172.89 in the previous period, representing a growth of 34.5%[41] - The net cash flow from operating activities was -619,702,258.90, worsening from -41,163,141.08 in the previous period[41] - The cash outflow from investing activities totaled 583,372,413.48, down from 913,472,458.24, indicating a reduction of 36.1%[44] - The net cash flow from financing activities was 940,634,358.10, an increase from 490,943,683.76 in the previous period[44] - The cash and cash equivalents at the end of the period amounted to 1,346,781,932.06, up from 928,430,508.23, an increase of 44.9%[44] Shareholder Information - The company has a total of 10 major shareholders, with the largest shareholder holding 27.65% of the shares[16] - The company has repurchased a total of 6,444,243 shares, representing 0.56% of the total share capital, with a total expenditure of RMB 100,084,322.6[23] - The company plans to use its repurchased shares for employee stock ownership plans or equity incentives[23] Research and Development - Research and development expenses increased by 49.52% year-on-year, indicating a focus on enhancing product development[11] - Research and development expenses for the third quarter amounted to CNY 265,722,924.43, up from CNY 177,713,849.33 in the same quarter of 2020, an increase of 49.4%[34] Inventory and Receivables - The company reported inventory of RMB 424,011,406.75 as of September 30, 2021, compared to RMB 339,790,641.46 at the end of 2020, reflecting an increase of approximately 25%[24] - Accounts receivable reached RMB 4,049,112,169.15, up from RMB 2,388,371,362.79 in the previous year, indicating a significant increase of about 69%[24] - The company’s other receivables increased to RMB 596,884,844.51 from RMB 135,122,942.27 year-over-year, marking a growth of approximately 343%[24] - The company’s prepayments increased to RMB 241,369,496.02 from RMB 150,910,733.32, showing a growth of about 60%[24] Borrowings - The company’s long-term borrowings increased by 325.56%, reflecting a need for additional funding for investment projects[11] - Short-term borrowings rose significantly to CNY 1,224,086,990.48 from CNY 659,191,283.84, an increase of 86.0%[33] - The company’s short-term borrowings remained constant at 659,191,283.84[50]

Financial Performance - The company's operating revenue for the reporting period reached ¥3,760,964,295.18, representing a 41.42% increase compared to the same period last year[36]. - Net profit attributable to shareholders was ¥470,135,012.56, marking a 62.13% increase year-over-year[36]. - The net profit after deducting non-recurring gains and losses was ¥432,938,008.88, up 41.75% from the previous year[36]. - The company's total assets increased by 17.22% to ¥9,551,207,510.61 compared to the end of the previous year[36]. - The weighted average return on net assets rose to 10.25%, an increase of 1.49% from the previous year[36]. - The company reported a net cash flow from operating activities of -¥674,863,377.42, a decline of 103.99% compared to the same period last year[36]. - The company's gross profit margin was 31.31%, with a net profit margin of 12.50%, which increased by 1.6 percentage points year-on-year[68]. - The operating cost increased by 59.24% to ¥2,583,441,831.61, up from ¥1,622,381,076.17, primarily due to increased sales volume and reclassification of transportation costs[74]. Market and Industry Outlook - The real estate industry is a major source of revenue, and any downturn could negatively impact sales and profit growth[8]. - The company aims for a revenue target of over 10 billion yuan in 2022 and over 20 billion yuan by 2025, with a budget target of exceeding 8 billion yuan in sales revenue for the current year[68]. - The company is focused on expanding its market presence in infrastructure projects such as high-speed rail and urban development[8]. - The company anticipates a positive outlook for the construction sector, which will drive demand for waterproofing products[119]. Risk Management - The company faces risks related to real estate demand, raw material price fluctuations, and accounts receivable recovery, with strategies in place to mitigate these risks[109][110][111]. - Raw material prices, particularly for petroleum-based products, pose a risk to profitability due to limited bargaining power[11]. - The company will monitor raw material price trends and utilize hedging tools to manage price volatility risks[11]. - The total amount of accounts receivable increased to ¥3,686,812,304.08, accounting for 38.60% of total assets, up from 29.31% the previous year[78]. Research and Development - The company is committed to continuous development of new products and technologies to enhance its competitive edge in the market[8]. - The company has a research and development team of nearly 400 people and has established partnerships with several prestigious universities, contributing to its technological advancements[58]. - The company has invested over 4% of its annual revenue in R&D, emphasizing the importance of technology and innovation for sustainable development[157]. - The company has established a post-doctoral research station and an academician workstation to foster innovation and collaboration in research[157]. Environmental Responsibility - The company adheres to national and local environmental protection laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention and Control Law[134]. - The company has implemented an ISO14001 environmental management system to enhance its environmental and energy management practices[134]. - The company has developed emergency response plans for environmental incidents across its eight production bases, including risk assessments and emergency drills[145]. - The company has maintained compliance with environmental regulations, with no recorded administrative penalties from environmental protection authorities[149]. Corporate Governance - The company plans not to distribute cash dividends or bonus shares for the first half of 2021[7]. - The company has not made any changes to the use of raised funds during the reporting period, maintaining a 0.00% change ratio[88]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[102][103]. - The company has not sold any significant assets or equity during the reporting period[104][105].

Financial Performance - The company's operating revenue for Q1 2021 reached ¥1,461,287,655.52, representing an increase of 80.57% compared to the same period last year[9]. - Net profit attributable to shareholders was ¥167,372,421.32, a significant increase of 469.62% year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥161,610,568.39, up 240.00% from the previous year[9]. - Basic earnings per share rose to ¥0.27, reflecting a 440.00% increase compared to ¥0.05 in the same quarter last year[9]. - Total operating revenue for the current period reached ¥1,461,287,655.52, a significant increase from ¥809,270,033.02 in the previous period, representing an increase of approximately 80.5%[80]. - Operating profit for the current period was ¥197,657,120.40, compared to ¥34,584,563.89 in the previous period, indicating a growth of about 471.5%[83]. - Net profit for the current period was ¥167,372,421.32, up from ¥29,382,913.67 in the previous period, reflecting an increase of approximately 469.5%[83]. - Total comprehensive income for the current period was ¥175,481,560.46, compared to ¥30,926,490.35 in the previous period, an increase of about 466.5%[87]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,721,512,262.28, an increase of 7.03% from the end of the previous year[9]. - The net assets attributable to shareholders reached ¥4,560,914,049.45, up 9.84% from the previous year[9]. - As of March 31, 2021, total liabilities amounted to CNY 4,160,598,212.83, an increase of 4.14% from CNY 3,995,896,676.23 on December 31, 2020[66]. - The total equity attributable to shareholders reached CNY 4,560,914,049.45, up from CNY 4,152,488,797.20, reflecting a growth of 9.83%[69]. - The company's total assets decreased to CNY 7,620,796,138.41 from CNY 7,788,309,406.77, a decline of 2.15%[73]. - The total liabilities were $3,995,896,676.23, unchanged from the previous period, indicating stable financial leverage[107]. Cash Flow - The net cash flow from operating activities was negative at -¥273,401,680.98, a slight decrease of 4.72% compared to -¥261,073,983.90 in the same period last year[9]. - Cash flow from operating activities showed a net outflow of ¥273,401,680.98, compared to a net outflow of ¥261,073,983.90 in the previous period[94]. - Cash and cash equivalents at the end of the period increased to ¥1,290,918,320.44 from ¥828,185,877.59 in the previous period[99]. - The company’s net cash flow from investment activities was $250,153,665.41, a recovery from the previous period's negative cash flow of -$128,585,137.94[100]. Research and Development - Research and development expenses increased by 64.65% to 4,138.48 million yuan, reflecting the implementation of more research projects[22]. - Research and development expenses increased to ¥41,384,806.13 from ¥25,135,441.32, representing a rise of approximately 64.5%[80]. Market and Operational Strategy - The company reported a significant reliance on the real estate sector, which is a major source of sales revenue, indicating that any downturn in the real estate market could adversely affect revenue growth and profitability[37]. - The company plans to enhance market development efforts, optimize customer and product structures, and increase sales in infrastructure sectors such as high-speed rail and nuclear power to mitigate risks associated with real estate demand[39]. - The company adopted a winter storage plan for asphalt to improve operational stability and mitigate raw material price fluctuations[36]. Risks and Management - The company faces risks from fluctuations in raw material prices, particularly petroleum-based products, which could impact profitability due to limited bargaining power[40]. - To address accounts receivable risks, the company aims to adjust sales strategies and enhance credit risk management to improve collection rates and reduce the growth of accounts receivable[41]. - The company is actively monitoring raw material price trends and enhancing procurement strategies to mitigate risks associated with price volatility[40]. Shareholder and Equity Actions - The company implemented a stock issuance to raise 225.30 million yuan for working capital, supporting its rapid development[34]. - The board proposed to acquire 100% equity of Fengze Co., aiming to leverage synergies and expand market share in infrastructure[34]. - The company is pursuing a stock issuance to acquire assets, which requires approval from shareholders and regulatory bodies, introducing uncertainty into the transaction[42].

Financial Performance - The company's operating revenue for Q1 2021 reached ¥1,461,287,655.52, representing an increase of 80.57% compared to the same period last year[9]. - Net profit attributable to shareholders was ¥165,481,606.80, a significant increase of 463.19% year-on-year[9]. - The basic earnings per share rose to ¥0.27, reflecting a growth of 440.00% compared to the previous year[9]. - The company reported a net profit excluding non-recurring gains and losses of ¥159,416,645.51, which is a 235.39% increase year-on-year[9]. - The company's operating profit for the current period is ¥198,503,025.35, a significant increase from ¥34,584,563.89 in the previous period, representing a growth of approximately 474%[81]. - The net profit for the current period is ¥165,481,606.80, compared to ¥29,382,913.67 in the previous period, indicating an increase of about 463%[81]. - Total revenue for the current period is ¥1,073,028,840.75, compared to ¥555,432,236.17 in the previous period, marking an increase of approximately 93%[85]. - The total comprehensive income for the current period is ¥172,922,555.53, compared to ¥30,926,490.35 in the previous period, showing an increase of approximately 460%[81]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥8,718,658,968.66, marking a 7.00% increase from the end of the previous year[9]. - Current assets totaled ¥6,556,942,960.36, up from ¥6,090,253,621.71, indicating an increase of about 7.66%[58]. - The company's equity attributable to shareholders reached ¥4,559,268,561.31, up from ¥4,152,488,797.20, reflecting an increase of around 9.8%[67]. - Total liabilities increased to ¥4,159,390,407.35 from ¥3,995,896,676.23, marking a growth of approximately 4.1%[64]. - The company's total assets as of March 31, 2021, were ¥7,604,005,646.01, a decrease from ¥7,788,309,406.77 at the end of 2020[74]. - Total liabilities decreased to ¥3,669,107,886.67 as of March 31, 2021, down from ¥4,175,983,159.10 at the end of 2020, indicating a reduction of approximately 12.2%[74]. - Owner's equity increased to ¥3,934,897,759.34 as of March 31, 2021, compared to ¥3,612,326,247.67 at the end of 2020, reflecting an increase of about 8.9%[74]. Cash Flow - The net cash flow from operating activities was negative at ¥-273,401,680.98, a slight decline of 4.72% compared to the same period last year[9]. - Cash flow from operating activities for the current period is ¥1,405,140,879.08, compared to ¥891,543,117.61 in the previous period, indicating an increase of about 57%[88]. - Cash inflow from investment activities was CNY 321,554,876.66, significantly higher than CNY 100,653,703.07 in the last period, marking a 219.5% increase[91]. - Total cash inflow from financing activities was CNY 467,109,423.33, down from CNY 530,106,165.13 in the prior period, a decrease of 11.9%[94]. - The ending cash and cash equivalents balance was CNY 1,230,918,320.44, compared to CNY 828,185,877.59 at the end of the previous period, an increase of 48.5%[94]. Shareholder Information - The top shareholder, Chen Weizhong, holds 27.83% of the shares, with a total of 176,811,368 shares[13]. - The total number of shareholders at the end of the reporting period was 29,824[13]. Operational Highlights - The increase in sales revenue was driven by strong market demand and improved production capacity from new projects in Jingmen and Weinan[25]. - The gross profit margin saw an increase due to a significant rise in production and sales volume, despite changes in accounting for transportation costs[26]. - The company plans to acquire 100% of Fengze Co., leveraging its resources to expand into infrastructure markets[33]. - A winter storage plan for asphalt was implemented to enhance the company's stability against raw material price fluctuations[35]. - The company aims to mitigate risks from the real estate sector by diversifying its customer base and enhancing its presence in infrastructure construction[36]. - The company is closely monitoring raw material price trends and plans to use hedging strategies to manage price volatility risks[39]. Risk Management - The company's accounts receivable increased in line with revenue growth, posing a risk of collection delays or bad debts due to potential financial deterioration of major clients, primarily large state-owned enterprises and well-known real estate companies[40]. - The company has implemented measures to mitigate risks associated with accounts receivable, including adjusting sales strategies and enhancing credit risk management[40]. - The company has no overdue commitments from actual controllers, shareholders, related parties, or acquirers during the reporting period[42]. - The company has no violations regarding external guarantees during the reporting period[49]. - The company has no non-operating occupation of funds by controlling shareholders or related parties during the reporting period[50].

Financial Performance - The company's operating revenue for 2020 was ¥6,237,878,504.62, representing a 34.09% increase compared to ¥4,651,957,012.00 in 2019[31]. - The net profit attributable to shareholders in 2020 was ¥890,334,135.37, a significant increase of 145.03% from ¥363,361,528.13 in 2019[31]. - The net cash flow from operating activities reached ¥552,180,280.32 in 2020, up 216.05% from ¥174,710,725.34 in 2019[31]. - The total assets at the end of 2020 amounted to ¥8,148,385,473.43, a 35.96% increase from ¥5,993,281,857.81 at the end of 2019[31]. - The company's basic earnings per share for 2020 was ¥1.48, reflecting a 146.67% increase from ¥0.6 in 2019[31]. - The company reported a weighted average return on equity of 24.53% in 2020, up from 11.96% in 2019[31]. - In 2020, the company achieved a revenue of CNY 623.79 million, representing a year-on-year growth of 34.09%[67]. - The net profit attributable to shareholders reached CNY 890.33 million, a significant increase of 145.03% compared to the previous year[67]. - The company's cash flow from operating activities was CNY 552.18 million, up 216.05% year-on-year[67]. - The total assets at the end of 2020 amounted to CNY 814.84 million, reflecting a growth of 35.96% from the beginning of the year[67]. Market and Sales Strategy - The company reported a significant reliance on the real estate sector, which is a major source of sales revenue, impacting growth and profitability[6]. - The company plans to enhance market development efforts, optimize customer and product structures, and increase sales in infrastructure sectors such as high-speed rail and subways[7]. - The company is committed to expanding its market presence and enhancing its product offerings in the waterproofing sector[43]. - The company aims to achieve sales exceeding 10 billion yuan in 2022 and targets a revenue scale of 20 billion yuan by 2025[142]. - In 2021, the company set a sales target of 8 billion yuan, supported by a detailed operational plan[143]. - The company intends to ensure that revenue from direct sales customers grows steadily, aiming for dealer revenue to account for 45% of total revenue in 2021[148]. Research and Development - The company has a strong focus on research and development in new waterproof materials and construction services[43]. - The company has a strong R&D capability, with R&D investment accounting for over 4% of revenue during the reporting period, and currently holds over 280 patents[46]. - Research and development expenses for the year were CNY 281.83 million, accounting for 4.52% of total revenue, with a year-on-year increase of 34.52%[72]. - The company completed 7 invention patent applications and was awarded 9 patents during the year, showcasing its commitment to innovation[72]. - The company engaged in collaborative projects with several universities and research institutions, enhancing its R&D capabilities and output[99]. Risk Management - The company faces risks from raw material price fluctuations, particularly for petroleum-based products, which could affect profitability[8]. - The company aims to improve its bargaining power through centralized procurement and risk management strategies to mitigate raw material price volatility[11]. - The company recognizes the risk of real estate demand not meeting expectations, which could adversely affect revenue growth and profitability[150]. - The company has faced risks related to accounts receivable due to potential financial deterioration of major debtors amid economic downturns[155]. - The company plans to adjust sales strategies and enhance credit risk management to improve accounts receivable turnover[12]. Dividend and Share Issuance - The company proposed a profit distribution plan, distributing cash dividends of 1.5 RMB per 10 shares and no bonus shares[13]. - The company has a cash dividend policy that includes a distribution of RMB 1.50 per 10 shares (tax included) for the year 2020, totaling RMB 95,305,740.00[162]. - The cash dividend for 2020 represents 10.70% of the net profit attributable to ordinary shareholders, which was RMB 890,334,135.37[167]. - The company is pursuing a stock issuance to acquire assets, pending approval from shareholders and regulatory bodies, which introduces uncertainty[13]. - The company will increase its capital by 8 shares for every 10 shares held, based on a total share capital of 635,371,600 shares[165]. Operational Efficiency - The company has experienced significant growth in both revenue and profit, indicating a positive market trend and operational efficiency[31]. - The company is expanding its production capacity with eight existing production bases and additional projects under construction, which will significantly enhance its supply capabilities[53]. - The company plans to maintain a compound annual growth rate of 40% in production capacity over the next three years (2021-2023) to support its CNY 10 billion strategic goal[68]. - The company’s physical sales volume increased by 63.83% year-on-year, totaling 437,851,158.02 square meters[83]. - The production volume rose by 76.14% year-on-year, reaching 471,755,923.56 square meters[83]. Compliance and Governance - The company emphasizes the importance of maintaining accurate financial reporting and risk disclosures to investors[5]. - The company has adhered to all commitments regarding shareholding and transfer restrictions as outlined in relevant laws and regulations, ensuring compliance throughout the reporting period[172]. - The company has committed to not transferring any shares held by its actual controller, shareholders, and related parties for 36 months from the date of the stock listing, with a subsequent annual transfer limit of 25% if still in a management position[170]. - The company has established a long-term commitment to stabilize its stock price, which includes measures for its controlling shareholders[178]. - The company has committed to avoiding and reducing related party transactions, ensuring that any unavoidable transactions adhere to fair market pricing standards[187].