Financial Performance - The company reported a significant increase in revenue, achieving a total of 610.67 million RMB for the year 2018, marking a year-on-year growth of approximately 15%[24]. - The company's net profit for 2018 was 61.07 million RMB, representing a growth of 10% compared to the previous year[24]. - The company's operating revenue for 2018 was CNY 3,096,749,290.69, representing a 51.89% increase compared to CNY 2,038,788,127.61 in 2017[31]. - The net profit attributable to shareholders for 2018 was CNY 185,267,247.31, a decrease of 14.89% from CNY 217,679,960.09 in 2017[31]. - The net cash flow from operating activities was negative CNY 198,461,959.04, a decline of 297.61% compared to CNY 100,430,290.86 in 2017[31]. - The total assets at the end of 2018 reached CNY 4,923,609,168.47, an increase of 93.43% from CNY 2,545,482,401.03 at the end of 2017[31]. - The company’s basic earnings per share for 2018 was CNY 0.31, down 35.42% from CNY 0.48 in 2017[31]. - The weighted average return on net assets was 6.69% in 2018, a decrease of 9.46% from 16.15% in 2017[31]. Accounts Receivable and Credit Risk - The accounts receivable increased rapidly during the reporting period, with a declining turnover rate, indicating potential collection risks[10]. - The company is committed to improving credit risk management and enhancing collection efforts to mitigate accounts receivable risks[12]. - The company aims to strengthen collection efforts and enhance assessment of accounts receivable recovery[146]. - The company plans to adjust sales strategies and enhance credit risk management to mitigate accounts receivable growth and collection risks[146]. Dividend Distribution - The company plans to distribute a cash dividend of 0.50 RMB per 10 shares to all shareholders, based on a total of 610,666,600 shares[12]. - The cash dividend for the year was set at RMB 0.50 per share (tax included), totaling RMB 30,533,330.00, with a cash dividend payout ratio of 16.48% of the net profit attributable to ordinary shareholders[154][160]. - The total cash dividend, including other methods, amounted to RMB 127,269,335.76, representing 100% of the distributable profit[154][160]. - The company has maintained a consistent cash dividend policy over the past three years, with varying amounts distributed[155][156]. Market Strategy and Product Development - The company is focusing on enhancing its market share by increasing marketing efforts and promoting high-end waterproof materials in response to rising demand[8]. - The construction waterproofing industry is experiencing a trend towards higher standards, leading to increased demand for mid-to-high-end waterproof materials[8]. - The company aims to leverage its competitive advantages to secure more orders as industry concentration increases[8]. - The company’s new product offerings include over 100 varieties of waterproof materials, providing comprehensive solutions for construction waterproofing[43]. - The company launched new products such as butyl waterproof membranes and graphene-modified polyurethane waterproof coatings, receiving positive feedback from users[58]. Research and Development - The company invested over 4% of its operating revenue in research and development during the reporting period[45]. - The company has over 220 patents and has established strategic partnerships with major real estate companies, serving over 1,000 projects annually[44]. - Research and development investment reached CNY 130.69 million, accounting for 4.22% of operating revenue, with 120 new patents applied for during the year[64]. - The number of R&D personnel increased to 456 in 2018, representing 16.59% of the total workforce, up from 11.24% in 2017[89]. Investment and Expansion Plans - The company plans to invest 5 billion yuan in establishing production bases in Guangxi and Anhui, and 3 billion yuan for the second phase of the Dezhou production base, significantly increasing production capacity[52]. - The company has established several new subsidiaries focused on waterproof materials, indicating a strategic expansion in product offerings[106]. - The company reported a total investment amount of approximately $2.36 billion, a significant increase of 2,891.54% compared to the previous year[103]. Risk Management - The company faces risks related to fluctuations in raw material prices, particularly for petroleum-based products, which could impact profitability[9]. - The company is actively monitoring the price trends of raw materials and plans to increase inventory levels to manage price volatility risks[9]. - The company recognizes risks related to market demand fluctuations and raw material price volatility, which could impact profitability, and plans to monitor these closely[142][145]. - The company will strictly control costs by optimizing procurement channels and enhancing production efficiency to mitigate the impact of rising raw material prices[141]. Corporate Governance and Compliance - The company has committed to not transferring any shares for 36 months post-IPO, with a subsequent limit of 25% annual transfer if still in a management position[164]. - The company has established a framework for managing share transfers to stabilize stock prices and support long-term development[171]. - The commitments made by shareholders remain valid regardless of changes in their positions or resignations[170]. - The company has established internal controls to prevent any misuse of funds by shareholders or related parties[186]. Legal and Regulatory Matters - The company reported a lawsuit against a client for an amount of 13.8965 million yuan, which resulted in a favorable judgment for the company, allowing for the recovery of the owed funds[199]. - The company has not encountered any major litigation or arbitration matters that would impact its financial status[199]. - The company has made changes to its accounting policies in accordance with the Ministry of Finance's notification, which does not affect the current profit or shareholder equity[193].

Financial Performance - Total revenue for Q1 2019 reached ¥650,193,642.31, representing a 64.11% increase compared to ¥396,205,639.32 in the same period last year[10] - Net profit attributable to shareholders was ¥41,958,410.24, an increase of 83.42% from ¥22,875,963.49 year-on-year[10] - Net profit after deducting non-recurring gains and losses was ¥38,587,733.52, up 100.20% from ¥19,274,712.07 in the previous year[10] - Basic earnings per share increased to ¥0.07, a 75% rise from ¥0.04 in the same period last year[10] - The company achieved operating revenue of CNY 650,193,642.31, representing a year-on-year increase of 64.11% due to enhanced production capacity and strong market demand[22] - Net profit reached CNY 41,958,410.24, up 83.42% year-on-year, driven by increased sales and higher gross profit margins[22] Cash Flow and Financial Position - The net cash flow from operating activities was negative at -¥310,629,926.59, a decline of 288.11% compared to -¥80,037,567.77 in the same period last year[10] - The company reported a negative net cash flow from operating activities of CNY -310,629,926.59, a decline of 288.11% due to increased accounts receivable and cash payments for procurement[25] - The company’s investment activities generated a net cash flow of CNY 238,873,051.02, up 219.77% due to increased redemptions of financial products[25] - The cash flow from operating activities showed a net outflow of ¥310,629,926.59, compared to a net outflow of ¥80,037,567.77 in the previous period[88] - The total cash and cash equivalents at the end of the period were ¥852,599,419.25, down from ¥1,364,738,106.44 in the previous period[90] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥5,023,956,137.92, a 2.04% increase from ¥4,923,609,168.47 at the end of the previous year[10] - Total liabilities as of March 31, 2019, were CNY 2,068,615,556.41, compared to CNY 2,013,684,234.54 at the end of 2018, showing an increase of about 2.7%[58] - The company's total assets reached CNY 5,023,956,137.92, up from CNY 4,923,609,168.47, representing a growth of approximately 2%[58] - Total liabilities amounted to ¥1,780,383,046.46, an increase from ¥1,730,659,238.31 at the end of 2018[68] - The total amount of raised funds is CNY 140,105.12 million, with CNY 12,167.49 million invested during the reporting period, leading to a cumulative investment of CNY 31,599.95 million[39] Shareholder Information - The top shareholder, Chen Weizhong, holds 25.09% of the shares, with a total of 153,211,368 shares, of which 41,460,000 are pledged[15] - The total number of ordinary shareholders at the end of the reporting period was 59,238[15] Research and Development - Research and development expenses surged by 85.72% to CNY 29,040,912.41, indicating a significant increase in R&D investment[22] - The company reported a significant rise in R&D expenses to ¥29,040,912.41 in Q1 2019, compared to ¥15,637,189.51 in Q4 2018, indicating a focus on innovation[71] - Research and development expenses increased to ¥19,459,673.67, up 56.3% from ¥12,447,304.60 in the previous period, indicating a focus on innovation[78] Market and Operational Strategy - The company plans to enhance cash flow management by focusing on the collection of accounts receivable to improve operational cash flow quality[33] - The company faces risks from market demand fluctuations, particularly due to a slowdown in the real estate and infrastructure sectors, which may adversely affect the growth of waterproof materials demand[34] - The company is expanding its market presence by enhancing marketing efforts and increasing market share in the waterproof materials sector, which is experiencing a shift towards higher-end products[34] - The company is committed to improving its operational strategies to address risks associated with raw material procurement and accounts receivable management[36] Financial Adjustments and Standards - The company implemented new financial instrument accounting standards effective January 1, 2019, with no adjustments made to prior periods[111] - The company has not made adjustments to prior period information due to the implementation of new financial instrument accounting standards starting January 1, 2019[122] Other Financial Metrics - The company recorded a significant increase in sales revenue from services, amounting to ¥625,213,661.35, compared to ¥548,502,585.87 in the previous period[85] - Cash received from sales and services increased to $562.91 million from $485.39 million, representing a growth of 15.97% year-over-year[94] - The company received $140 million in loans, an increase from $80 million in the previous period, reflecting a 75% increase[97]

Financial Performance - Operating revenue for the period reached CNY 770,536,843.63, a 39.37% increase compared to the same period last year[9] - Net profit attributable to shareholders decreased by 45.31% to CNY 32,310,893.42 year-on-year[9] - Basic earnings per share fell by 61.54% to CNY 0.05[9] - The weighted average return on equity was 1.21%, down by 3.12% from the previous year[9] - Total operating revenue for the third quarter reached CNY 770.54 million, an increase of 39.5% compared to CNY 552.89 million in the same period last year[44] - The company's net profit for the period was not explicitly stated, but the increase in revenue and costs indicates a focus on growth despite rising expenses[44] - The net profit for Q3 2018 was CNY 32,310,893.42, down 45.0% from CNY 58,837,242.29 in Q3 2017[45] - The total profit for Q3 2018 was CNY 39,978,485.13, a decrease of 43.4% from CNY 70,752,622.86 in Q3 2017[45] - The company's operating profit for Q3 2018 was CNY 38,621,833.74, down 45.5% from CNY 70,666,751.76 in the same quarter last year[45] Assets and Liabilities - Total assets increased by 82.46% to CNY 4,644,462,912.93 compared to the end of the previous year[9] - Net assets attributable to shareholders rose by 99.74% to CNY 2,882,390,247.99 year-on-year[9] - Total liabilities increased to CNY 1.76 billion from CNY 1.10 billion, indicating higher leverage[38] - The company's equity attributable to shareholders rose to CNY 2.88 billion from CNY 1.44 billion, reflecting strong retained earnings and capital growth[38] - Cash and cash equivalents at the end of the period amounted to ¥309,805,066.66, a 72.27% increase from ¥179,838,878.03, largely due to funds raised from the IPO[22] - The company's total assets grew to ¥4,644,462,912.93, an 82.46% increase, primarily due to the funds raised from the IPO[18] Cash Flow - The net cash flow from operating activities showed a significant decline of 6,216.64% to -CNY 104,571,844.34[9] - Cash flow from operating activities was negative at CNY -104,571,844.34, compared to CNY -1,655,498.54 in the previous period, reflecting challenges in cash generation[56] - Cash inflow from operating activities totaled 1,805,040,639.28 CNY, compared to 1,259,390,009.77 CNY in the same period last year, representing an increase of approximately 43.3%[57] - Cash outflow from operating activities was 2,149,944,439.87 CNY, up from 1,196,596,715.96 CNY, indicating a rise of about 79.8%[57] - The net cash flow from investing activities was -1,238,192,763.14 CNY, worsening from -190,179,644.55 CNY in the previous year[57] - The net cash flow from financing activities was 1,641,989,555.72 CNY, compared to -33,490,356.39 CNY in the previous year, showing a significant improvement[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 72,473[12] - The top ten shareholders held a combined 68.09% of the company's shares, with the largest shareholder owning 25.09%[12] - The company repurchased 8 million shares, accounting for 1.31% of total shares, at an average price of 12.092 CNY per share, totaling approximately 96.736 million CNY[23] - The company approved the grant of 19.395 million shares to 303 eligible incentive recipients, including 6.465 million restricted shares and 12.93 million stock options[24] Research and Development - Research and development expenses rose to ¥74,253,144.22, marking a 37.58% increase as the company intensified its investment in R&D projects[19] - The company reported R&D expenses of CNY 35.08 million, an increase from CNY 24.85 million, highlighting a commitment to innovation[44] - Research and development expenses increased to CNY 62,083,983.41, up 36.7% from CNY 45,416,444.24 in the previous period, indicating a focus on innovation[52] Investment Activities - Investment activities resulted in a net cash outflow of -¥1,455,300,148.85, a 1071.07% increase in outflow compared to the previous year, mainly due to investments made with idle funds[21] - The company invested 59.58 million CNY to acquire a 34.60% stake in Hunan Jiu Yi Tong Fu Private Equity Fund[25] - The company is in the process of issuing medium-term notes and ultra-short-term financing bonds, with a total amount not exceeding 1.05 billion CNY[26] - The company raised CNY 1,346,854,844.60 from new investments, indicating strong investor confidence[56]

Revenue and Profitability - Total revenue for the reporting period reached ¥1,249,026,657.84, an increase of 44.69% compared to the same period last year[21]. - Net profit attributable to shareholders was ¥129,477,314.48, reflecting a year-on-year growth of 19.72%[21]. - Net profit after deducting non-recurring gains and losses was ¥118,327,813.74, up 7.45% from the previous year[21]. - The total profit reached CNY 154.62 million, up 21.57% compared to the same period last year[43]. - The company achieved operating revenue of CNY 1,249.03 million, a year-on-year increase of 44.69%[43]. - The gross profit margin for waterproof materials sales decreased by 3.47% to 35.14% compared to the same period last year[52]. - The company reported a total revenue of 1.5 billion RMB for the first half of 2018, representing a year-over-year increase of 20%[94]. - The gross margin for the first half of 2018 was reported at 35%, a slight increase from 32% in the previous year[96]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥210,152,346.65, a significant decline of 682.07% compared to the same period last year[21]. - The net cash flow from investing activities was -¥1,239,101,849.00, a decline of 1,076.87%, mainly due to cash management using idle raised funds[51]. - The net cash flow from financing activities surged by 6,556.87% to ¥1,717,137,609.95, primarily due to funds raised from the initial public offering[51]. - Cash and cash equivalents increased by 268.74% to ¥267,883,414.30, largely due to the funds raised from the IPO[51]. - The company reported a total cash inflow from operating activities of ¥1,180,307,783.34, compared to ¥800,438,162.40 previously, marking an increase of approximately 47.4%[177]. - The company reported a total cash and cash equivalents balance of 442,305,850.17 yuan at the end of the period, up from 168,235,392.98 yuan in the previous period[182]. - The total liabilities increased to CNY 1,554,009,130.09 from CNY 1,102,380,488.79, indicating a growth of about 41.0%[162]. Production and Capacity Expansion - The company has expanded its production capacity with new facilities in Nantong, Dezhou, and Anshan, and is in the process of establishing additional sites in Weinan and Jingmen[7]. - The overall market expansion strategy includes increasing production capacity and improving product offerings to meet growing demand[7]. - The company operates six major production bases, with ongoing construction of additional bases to significantly increase production capacity[35]. - The company is accelerating the construction of production bases in Jingmen and Weinan to ensure capacity for future growth[45]. - The company has expanded its production capacity with bases in multiple regions, including Guangdong and Jiangsu, to cover key markets[39]. Research and Development - The company has applied for over 40 invention patents during the reporting period, demonstrating strong R&D capabilities[30]. - The company has increased R&D investment, with 90 patents obtained and over 40 invention patents currently under application[38]. - The company is focused on developing new waterproofing products and technologies to enhance its market position[6]. - The company has invested 100 million RMB in R&D for new technologies aimed at improving product efficiency[94]. Strategic Partnerships and Market Position - The company has established strategic partnerships with well-known real estate companies such as Country Garden and China Fortune Land Development[29]. - The company has established strategic partnerships with major firms like Vanke and China State Construction, enhancing its market position[40]. - The company is recognized as one of the top three comprehensive strength enterprises in the building waterproofing industry in China[34]. Risks and Challenges - The company reported that over 80% of its revenue comes from the real estate sector, making it highly sensitive to macroeconomic controls and investment slowdowns in this industry[6]. - The prices of key raw materials, including asphalt and polymer materials, have increased during the reporting period, leading to a rise in production costs and potential risks to gross margins[6]. - The company acknowledges the risks associated with rapid business expansion, including management challenges and operational complexities[7]. - The company faces risks from fluctuations in raw material prices, which are influenced by international oil markets, potentially impacting gross margins[82]. - Accounts receivable have grown rapidly, with a declining turnover rate, posing a risk if major clients face financial difficulties[8]. Corporate Governance and Compliance - The management emphasizes the need to enhance operational management systems post-IPO to maintain efficiency and growth[8]. - The company is committed to adhering to various legal and regulatory requirements regarding stock transfer and reduction commitments, ensuring compliance with securities laws[91]. - The company has committed to strictly adhere to the "Stabilization Stock Price Plan" and fulfill all obligations and responsibilities under this plan[101]. - The company will ensure that any stock repurchase plan is approved by the board within 10 days after the conditions for repurchase are met[99]. - The company has committed to not using company funds inappropriately, ensuring compliance with relevant laws and regulations[109]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[9]. - The company held two temporary shareholder meetings and one annual shareholder meeting during the reporting period, with investor participation rates of approximately 43.54% and 43.59%[88]. - The company has committed to maintaining a dividend payout ratio of 30% for the fiscal year 2018[94]. - The company will not approve the voluntary resignation of executives who violate commitments until all adverse effects are eliminated[105].

Financial Performance - Total revenue for the first quarter reached ¥396,205,639.32, an increase of 37.68% compared to ¥287,771,890.36 in the same period last year[9] - Net profit attributable to shareholders was ¥22,875,963.49, up 18.15% from ¥19,361,284.64 year-on-year[9] - The company achieved operating revenue of CNY 396.21 million, a year-on-year increase of 37.68% due to enhanced production capacity and increased sales orders[24] - The net profit attributable to the parent company was CNY 22.88 million, reflecting an 18.15% year-on-year growth, driven by revenue growth outpacing the increase in operating costs[24] - Total comprehensive income for the first quarter was CNY 22,875,963.49, up from CNY 19,361,284.64 in the previous period[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,946,292,216.35, reflecting a 55.03% increase from ¥2,545,482,401.03 at the end of the previous year[9] - The net assets attributable to shareholders increased by 98.67% to ¥2,867,029,026.09 from ¥1,443,101,912.24[9] - Total liabilities decreased to CNY 927,261,250.97 from CNY 902,556,096.71, a reduction of 2.5%[48] - The company’s accounts payable decreased by 38.92% to CNY 262.24 million, reflecting increased payments to suppliers[22] Cash Flow and Financing - Cash and cash equivalents at the end of the reporting period reached CNY 1.54 billion, a significant increase of 345.59% compared to the previous year, primarily due to funds raised from the IPO[22] - The net cash flow from financing activities surged by 2762.29% to CNY 1.46 billion, primarily due to funds raised from the IPO[23] - Total cash inflow from financing activities reached 1,496,913,363.24 CNY, significantly up from 57,259,226.70 CNY in the previous year, reflecting strong capital raising efforts[64] - The net increase in cash and cash equivalents for the period was 1,172,780,515.22 CNY, compared to a decrease of -124,885,024.71 CNY in the same quarter last year, showing improved liquidity[64] Shareholder Information - Total number of common shareholders at the end of the reporting period is 99,643[15] - The largest shareholder, Chen Weizhong, holds 25.09% of shares, totaling 153,211,368 shares[15] - The second largest shareholder, Chen Zhizhong, holds 6.61% of shares, totaling 40,383,950 shares[15] - The total number of restricted shares at the end of the period is 458,000,000, with an increase of 330,406,836 shares during the period[18] - The company has a total of 10 major shareholders with significant stakes, including Chen Weizhong, Chen Zhizhong, and others[15] Operational Challenges and Strategies - The company reported a rapid increase in accounts receivable, with a declining turnover rate, which poses a potential risk to cash flow[12] - The company is actively enhancing its management capabilities to address the challenges posed by rapid business expansion and the recent IPO[12] - The company plans to increase its focus on infrastructure projects to diversify revenue sources and reduce reliance on the real estate sector[11] - The company has implemented measures to mitigate raw material price fluctuation risks, including strategic partnerships with suppliers[12] Investment and Capital Expenditure - The total amount of raised funds is CNY 1,401.05 million, with CNY 2.11 million invested in the current quarter[31] - Cumulative investment of raised funds amounts to CNY 29.01 million, representing 20.69% of the total commitment[31] - The company plans to use CNY 140.00 million of temporarily idle raised funds to supplement working capital, which is 9.99% of the net raised funds[34] - The construction progress of the Weinan R&D base is at 0.29% and the Jingmen R&D base is at 2.24%[31] Inventory and Operating Costs - The company's inventory increased to CNY 281.82 million from CNY 219.69 million, indicating a growth of 28.25%[42] - Operating costs rose by 46.34% to CNY 254.19 million, driven by the increase in revenue[24] - The company reported a total operating cost of CNY 372,869,812.79, which is an increase of 40.3% from CNY 265,774,570.38 in the previous year[50] Miscellaneous - The company has not conducted any repurchase transactions among the top 10 common shareholders during the reporting period[16] - There are no violations regarding external guarantees during the reporting period[36] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[37] - The company did not report any significant new product launches or technological advancements during this quarter[54]

Financial Performance - The company's operating revenue for 2017 was ¥2,038,788,127.61, representing a 38.37% increase compared to ¥1,473,418,297.14 in 2016[24]. - The net profit attributable to shareholders for 2017 was ¥217,679,960.09, a decrease of 17.68% from ¥264,446,344.22 in 2016[24]. - The net profit after deducting non-recurring gains and losses was ¥216,620,949.64, down 21.23% from ¥275,010,904.22 in the previous year[24]. - The total assets at the end of 2017 reached ¥2,545,482,401.03, an increase of 23.33% from ¥2,063,947,057.30 at the end of 2016[24]. - The company achieved a basic earnings per share of ¥0.48 in 2017, a decline of 23.81% compared to ¥0.63 in 2016[24]. - The total net cash flow from operating activities for 2017 was ¥99,920,290.86, a decrease of 12.23% from ¥113,839,922.36 in 2016[24]. - The company reported a commitment to comply with various regulations regarding shareholding and transfer restrictions, ensuring adherence to the Securities Law and Company Law[111]. - The company’s net profit for 2017 was RMB 184,978,528.90, after deducting the legal surplus reserve[106]. Revenue Sources - The company's revenue from the real estate sector accounted for approximately 90% of total sales, making it highly sensitive to macroeconomic controls and investment slowdowns in the real estate industry[6]. - Sales of waterproof materials accounted for ¥1,746,824,182.55, representing 85.68% of total revenue, with a growth of 33.56% from ¥1,307,915,322.15 in 2016[53]. - The waterproof engineering construction segment saw revenue of ¥281,226,756.58, a significant increase of 73.41% from ¥162,173,581.83 in the previous year[53]. Operational Expansion - The company is expanding its production capacity with new facilities in Nantong, Dezhou, and Anshan, while also planning new projects in Weinan and Jingmen[7]. - The company has established six major production bases, including in Foshan, Kunshan, Chongqing, Dezhou, Anshan, and Nantong, with additional bases in Jingmen and Weinan under construction, which will optimize supply regions[37][49]. - The company’s operational expansion may lead to increased management complexity and risks if not effectively controlled[7]. Research and Development - The company is actively developing new waterproofing products and technologies to enhance its market position and competitiveness[6]. - The company has developed innovative products such as the APF-C polymer self-adhesive waterproof membrane and the KERUIP intelligent waterproof system, indicating ongoing R&D efforts[32]. - The company holds 86 patents, including 18 invention patents, showcasing its strong R&D capabilities in the waterproof materials sector[32]. - The company plans to continue increasing R&D investment to maintain its technological and product leadership in the waterproof industry[48]. - The company's R&D expenses amounted to ¥86,071,131.89, accounting for 4.22% of total revenue, with 26 patents obtained and 15 new patents filed during the reporting period[67]. Risk Management - The company reported a rapid increase in accounts receivable, with a declining turnover rate, indicating potential risks in cash flow management[8]. - The company faces risks related to raw material price fluctuations, particularly for petroleum-based products, which could impact gross margins and operational performance[6]. - The company has experienced rapid growth in accounts receivable, with a declining turnover rate, posing a potential risk if major debtors face financial difficulties[96]. Dividend Policy - The profit distribution plan approved by the board proposes a cash dividend of 0.50 RMB per 10 shares, based on a total of 610,666,600 shares[10]. - The cash dividend represents 14.03% of the net profit attributable to the company's ordinary shareholders for the year 2017, which was RMB 217,679,960.09[108]. - The company has maintained a cash dividend policy that aligns with its articles of association and shareholder resolutions, ensuring transparency and compliance[101]. - In the past three years, the company has consistently paid cash dividends, with amounts of RMB 19,658,767.80 in 2015, RMB 32,060,000.00 in 2016, and RMB 30,533,330.00 in 2017[107]. Compliance and Governance - The company has a long-term commitment to maintain compliance with regulations governing the trading of shares by directors and senior management[113]. - The company has established a policy that any share reduction within two years post-lock-up must not be below the IPO price[113]. - The company has a structured approach to managing share transfers and compliance, ensuring that all actions are in line with regulatory requirements[113]. - The company has committed to fulfilling all obligations and responsibilities made during the initial public offering process, ensuring compliance with regulatory requirements[125]. Market Outlook - The company forecasts a 31.24% increase in revenue for 2017, projecting total revenue of 193,371.37 million yuan compared to the previous year[129]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[180]. - New product development includes the launch of a waterproofing technology that is expected to capture 25% of the market share within two years[181]. Employee and Management - The total number of employees in the company is 1,992, with 950 in the parent company and 1,042 in major subsidiaries[191]. - The total remuneration for directors and senior management during the reporting period amounts to 606.14 million yuan[190]. - The company emphasizes employee training and development, with plans to enhance internal training programs and management skills[194]. - The board of directors consists of 9 members, including 4 independent directors, ensuring compliance with legal and regulatory requirements[199].