Financial Performance - The company's operating revenue for 2020 was ¥1,008,303,495.18, representing a 45.17% increase from ¥694,584,854.55 in 2019[5]. - The net profit attributable to shareholders for 2020 was ¥175,456,345.20, a 62.31% increase compared to ¥108,099,205.23 in 2019[5]. - The net cash flow from operating activities for 2020 was ¥93,411,946.87, showing a significant increase of 92.07% from ¥48,634,267.69 in 2019[5]. - The total assets at the end of 2020 amounted to ¥1,932,006,921.00, which is a 33.82% increase from ¥1,443,708,020.36 at the end of 2019[5]. - The basic earnings per share for 2020 was ¥0.91, reflecting a 54.24% increase from ¥0.59 in 2019[5]. - The company reported a weighted average return on equity of 14.98% for 2020, up from 10.81% in 2019, an increase of 4.17%[5]. - The company achieved an annual revenue of 1,008.30 million yuan, a year-on-year increase of 45.17%[31]. - The net profit attributable to shareholders reached 175.46 million yuan, reflecting a growth of 62.31% compared to the previous year[31]. Risk Management - The company emphasizes the importance of risk awareness regarding future development strategies and operational plans, which are subject to market conditions[3]. - The company has outlined potential risk factors and countermeasures in the report, urging investors to pay attention[3]. - Market risks include potential raw material price fluctuations and increased competition, which could impact profitability; the company is enhancing cost control measures to address these challenges[119]. - The company faces environmental risks related to waste emissions, but it adheres to national standards and emphasizes pollution reduction through process improvements[115]. - Safety production risks are present due to the use of hazardous materials, but the company maintains a robust safety management system to mitigate these risks[116]. Corporate Governance - All board members attended the meeting to review the annual report, ensuring collective responsibility for its accuracy[2]. - The company has not made any adjustments to its profit distribution policy during the reporting period, ensuring compliance with relevant regulations[127]. - The company has established clear conditions and mechanisms for profit distribution, particularly regarding cash dividends[128]. - The company has a robust decision-making process for profit distribution that protects the rights of minority shareholders[128]. - The company has maintained effective communication with stakeholders to mitigate the impact of the pandemic on operations[121]. Research and Development - R&D expenses increased by over 60%, supporting the preparation of key projects for production in 2021[31]. - The company has accumulated over 100 patented and non-patented technologies, enhancing its competitive edge in the high-performance organic pigment industry[41]. - The company has a strong R&D team with extensive industry experience, contributing to continuous innovation and product development[45]. - The company is developing new dye products for electronic chemicals, with some products already in pilot production, leading to improved production efficiency and reduced manufacturing costs[53]. - The company has maintained a focus on new product and technology development, applying for multiple domestic patents and achieving over 20 proprietary technologies[69]. Environmental Responsibility - The company adheres to environmental regulations, with key pollutants such as COD and ammonia nitrogen being treated to meet discharge standards, with actual emissions of 31.33 tons and 2.56 tons respectively[182]. - The company has implemented a waste disposal system, with hazardous waste being entrusted to third-party disposal, totaling 1,022.22 tons for Qicai Chemical and 692.56 tons for Dongying Tianzheng[183]. - The company emphasizes clean production and low-carbon development, aiming to create an environmentally friendly and resource-saving enterprise[192]. - The company has developed an environmental risk emergency plan, which has been filed with local environmental protection authorities and is regularly practiced[190]. - The company’s wastewater treatment process involves pre-treatment before discharge to a specialized wastewater treatment facility, ensuring compliance with environmental standards[186]. Strategic Development - The company is positioned in a rapidly developing organic pigment industry, driven by stable growth in downstream markets such as plastics and coatings[33]. - The company has formed strategic partnerships with major global players such as BASF and Clariant, strengthening its customer resource advantage[43]. - The company aims to enhance its innovation, R&D, and environmental safety investments, striving to achieve international leadership in technology development, business scale, and product quality[110]. - The company plans to enhance industry integration and focus on green development, leading to increased market concentration among leading enterprises[106]. - The company anticipates continued growth in the organic pigment industry, driven by increasing demand in coatings and plastics[104]. Shareholder Relations - The company plans to retain all profits for business development in 2020, opting not to distribute cash dividends or issue bonus shares[131]. - The cash dividend amount for the reporting period is 0.00, indicating no cash dividends were distributed[129]. - The company has not proposed any cash dividend distribution plan for 2020 despite having positive distributable profits[136]. - The company will ensure timely and accurate information disclosure regarding any share reductions, adhering to regulatory requirements[139]. - The company will actively seek feedback from minority shareholders during the profit distribution decision-making process[141]. Social Responsibility - The company emphasizes corporate social responsibility, ensuring fair information disclosure to protect shareholder rights[175]. - The company established scholarships totaling CNY 100,000 at Liaoning University of Science and Technology and CNY 280,000 for all primary and secondary schools in the Teng'ao Economic Development Zone[179]. - The company donated CNY 500,000 to the Anshan Charity Federation and CNY 76,000 for purchasing welfare products from national poverty-stricken counties[179]. - The company provided CNY 1 million in donations for COVID-19 prevention efforts, including N95 masks to Wuhan Fourth Hospital and CNY 100,000 to the Anshan Red Cross[179]. - The company actively participates in social responsibility initiatives, including poverty alleviation and educational support, with no current plans for targeted poverty alleviation projects[181].

Financial Performance - Operating revenue for the reporting period reached ¥268,804,954.70, a year-on-year increase of 62.43%[7] - Net profit attributable to shareholders decreased by 1.65% to ¥41,579,272.87 for the reporting period[7] - Basic earnings per share fell by 45.00% to ¥0.22[7] - Operating revenue increased to ¥694,183,997.72, a growth of 35.61% compared to ¥511,893,373.02 in the previous period, driven by sales growth and mergers[21] - Operating profit for the current period was ¥51,432,692.61, compared to ¥49,043,198.56 in the previous period, reflecting a slight increase of approximately 4.9%[40] - Net profit for the period reached ¥137,234,541.00, compared to ¥100,311,195.93 in the previous period, reflecting a growth of about 36.8%[48] - The company reported a net profit of ¥50,611,682.61 for the current period, compared to ¥48,876,256.58 in the previous period, reflecting an increase of approximately 3.4%[40] Assets and Liabilities - Total assets increased by 33.54% to ¥1,927,962,032.37 compared to the end of the previous year[7] - The total liabilities of the company reached ¥635,013,798.48, compared to ¥316,624,119.40 previously, marking an increase of about 100.5%[33] - Cash and cash equivalents decreased by 30.49% to ¥278.41 million due to payments for fundraising project engineering costs[20] - The company’s total liabilities included short-term borrowings of ¥66,123,393.53 and long-term borrowings of ¥53,319,495.45[63] - The company’s retained earnings stood at ¥332,687,271.50, indicating a strong accumulation of profits over time[64] Cash Flow - Net cash flow from operating activities surged by 132.30% to ¥5,391,682.24[7] - Net cash flow from operating activities reached ¥42,636,672.78, a significant increase of 492.29% from ¥7,198,597.94, mainly due to increased sales collections[21] - Cash flow from operating activities generated a net amount of ¥42,636,672.78, significantly higher than ¥7,198,597.94 in the previous period[54] - Cash inflow from financing activities totaled ¥202,000,000.00, with cash outflow of ¥130,190,111.63, leading to a net cash flow of ¥71,809,888.37 from financing activities[58] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,408[11] - The largest shareholder, Anshan Huifeng Investment Group, holds 20.47% of the shares[11] - The company did not engage in any repurchase agreements during the reporting period[11] Research and Development - R&D expenses surged by 78.41% to ¥32,536,973.06, up from ¥18,237,213.76, attributed to increased salaries for R&D personnel and external technology development costs[21] - Research and development expenses for the current period were ¥12,332,494.45, compared to ¥5,212,768.21 in the previous period, indicating an increase of approximately 136.5%[40] - Research and development expenses increased to ¥23,726,320.85, a rise of 68.5% compared to ¥14,114,241.31 in the previous period[51] Inventory and Receivables - Accounts receivable increased by 54.20% to ¥177.91 million, primarily due to sales growth and mergers with non-similar controlled enterprises[20] - Inventory rose by 70.23% to ¥263.05 million, driven by increased sales and inventory buildup from mergers[20] Financial Ratios and Returns - The weighted average return on net assets was 3.58%, a decrease of 0.17% compared to the previous year[7] - Financial expenses increased by 274.55% to ¥6,745,047.23, compared to a negative expense of -¥3,864,206.44, driven by reduced interest income and increased short-term borrowing costs[21] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥8,663,557.36 for the year-to-date[9] - The company achieved a total comprehensive income of ¥137,234,541.00, compared to ¥100,311,195.93, indicating a growth of about 36.8%[48] - The company reported a significant increase in sales revenue from cash received for goods sold, amounting to ¥455,837,600.82, up from ¥319,691,646.21 in the previous period[54]

Financial Performance - The company's operating revenue for the reporting period was ¥425,379,043.02, representing a 22.80% increase compared to ¥346,406,748.51 in the same period last year[18]. - The net profit attributable to shareholders was ¥91,701,335.01, a significant increase of 58.01% from ¥58,035,856.90 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was ¥85,479,056.59, up 46.78% from ¥58,235,996.65 in the previous year[18]. - The net cash flow from operating activities was ¥37,244,990.54, reflecting a 55.90% increase from ¥23,890,224.71 in the same period last year[18]. - Total assets at the end of the reporting period reached ¥1,873,318,954.07, marking a 29.76% increase from ¥1,443,708,020.36 at the end of the previous year[18]. - The weighted average return on equity increased to 7.90%, up from 6.40% in the previous year, an increase of 1.50%[18]. - The basic and diluted earnings per share decreased to ¥0.48, down 18.64% from ¥0.59 in the same period last year[18]. - The company reported a total of ¥6,222,278.42 in non-recurring gains and losses for the reporting period[22]. - The company achieved operating revenue of CNY 425.38 million, a year-on-year increase of 22.80%[53]. - Net profit attributable to shareholders reached CNY 91.70 million, up 58.01% compared to the same period last year[53]. Share Capital and Dividends - The company reported a total share capital increase from 106,680,000 shares to 192,024,000 shares following the 2019 profit distribution plan approved on May 14, 2020[17]. - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[4]. - The company will not distribute cash dividends or issue bonus shares in the upcoming half-year period[113]. - The company plans to distribute dividends based on a profit distribution policy that prioritizes cash dividends, with a minimum cash distribution of 10% of the annual distributable profit and a cumulative minimum of 30% over three years[118]. - The profit distribution policy allows for a cash dividend ratio of at least 80% during mature stages without significant capital expenditure, 40% with major expenditures, and 20% during growth stages with significant investments[118]. - The company’s future three-year dividend plan includes provisions for cash, stock, or a combination, with a preference for cash distributions[118]. Risk Management - The company emphasizes the uncertainty of future development strategies and operational plans due to market conditions[3]. - The company has detailed potential risk factors and countermeasures in the report[3]. - The company has established a risk response plan and decision-making mechanism to monitor the fair value changes of derivatives and ensure timely reporting and execution of risk mitigation measures[91]. - The company is assessing the potential risks associated with trade frictions and will continue to monitor the situation closely[106]. - The company faces environmental risks related to waste emissions and is committed to meeting national environmental standards through process improvements and pollution control measures[100]. - The company is exposed to market risks due to potential fluctuations in raw material prices and increased competition in the organic pigment market[103]. - The company has strengthened cost control measures and improved production processes to mitigate the impact of rising raw material costs[103]. Research and Development - The main business involves the R&D, production, and sales of high-performance organic pigments and solvent dyes, with a focus on environmentally friendly products[25]. - The company has established a research and development center in Shanghai, recruiting multiple PhDs to enhance its technological innovation capabilities[44]. - R&D investment increased by 55.13% to CNY 20.20 million, driven by more personnel and higher activity costs[62]. - The company has developed a strong technical foundation in high-performance organic pigments and solvent dyes, with core technologies at a leading domestic level[104]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[145]. - The actual discharge concentration of COD was 63 mg/L, below the limit of 300 mg/L, with a total discharge of 31.33 tons[145]. - The company’s wastewater treatment system has a capacity of 9,000 tons per day and is operating normally[147]. - The company has implemented various air pollution control measures, including a tail gas absorption tower with a capacity of 5,000 m³/h[147]. - The company has no significant environmental violations during the reporting period[145]. - The company has established an environmental risk emergency plan, which has been filed with local environmental protection authorities and is regularly practiced[151]. - The company has strengthened its environmental management system, focusing on clean production and low-carbon development, aiming to become an environmentally friendly and resource-saving enterprise[153]. Corporate Governance - The board of directors, supervisors, and senior management guarantee the accuracy and completeness of the financial report[2]. - The company has a commitment to maintaining accurate and transparent information disclosure practices[14]. - The company has established strict internal controls for environmental protection, with designated responsibilities for safety and environmental protection departments[154]. - The company has implemented a foreign exchange hedging management system to mitigate exchange rate risks and reduce foreign exchange losses[92]. - The company has committed to not engaging in any business that competes directly or indirectly with its current and future operations, ensuring no conflicts of interest arise[119]. - The company will ensure that any related party transactions are fair and conducted at market prices, minimizing potential conflicts of interest[119]. Shareholder Commitments - The actual controller and shareholders of the company have committed to not transferring or entrusting the management of their shares for 36 months from the date of listing[115]. - The company has received commitments from shareholders to comply with regulations regarding share reduction and will publicly apologize if these commitments are violated[116]. - The company will repurchase any shares sold in violation of the lock-up period within 10 trading days and extend the lock-up period by 3 months[116]. - The commitments made by shareholders are legally binding and will be enforced according to the law[115]. - The company will ensure compliance with the Shenzhen Stock Exchange's rules regarding share transfers and reductions[116]. Market Position and Strategy - The company is positioned in a rapidly developing organic pigment industry, with strong demand driven by urbanization and industrialization in China[38]. - The company has a significant competitive advantage in the high-performance organic pigment sector, particularly in the benzimidazolone series, due to years of R&D investment and technological accumulation[40]. - The company acquired 51% of Zhejiang Shangyu Xinli Chemical Co., Ltd., enhancing its competitive advantage in the production of benzimidazolone pigments and intermediates[47]. - The company plans to expand its global market presence through brand building and partnerships, including establishing a Hong Kong office[57]. - The company plans to increase production capacity by 3,700 tons for high-performance organic pigments and 2,550 tons for solvent dyes, along with an additional 11,140 tons for supporting intermediates and materials[107].

Dividend Distribution - The company plans to distribute a cash dividend of 7 RMB per 10 shares to all shareholders, based on a total of 106,680,000 shares[3]. - The cash dividend amount for 2019 was CNY 74,676,000, representing 69.08% of the net profit attributable to ordinary shareholders, which was CNY 108,099,205.23[123]. - In 2018, the cash dividend was CNY 42,672,000, accounting for 40.49% of the net profit attributable to ordinary shareholders of CNY 105,376,881.81[123]. - For 2017, the cash dividend totaled CNY 56,000,000, which was 54.17% of the net profit attributable to ordinary shareholders of CNY 103,384,465.73[123]. - The total cash dividend amount (including other methods) for 2019 was CNY 74,676,000, which also represented 69.08% of the net profit attributable to ordinary shareholders[123]. - The company plans to distribute dividends over the next three years, with cash dividends accounting for no less than 10% of the distributable profits for each year[127]. - Cumulative cash dividends over three years will be at least 30% of the average annual distributable profits[127]. - The company has a profit distribution policy that prioritizes cash dividends, aiming for a minimum of 80% cash distribution in mature stages without major capital expenditures[126]. Financial Performance - The company's operating revenue for 2019 was ¥694,584,854.55, representing a year-over-year increase of 13.69% compared to ¥610,949,403.59 in 2018[5]. - The net profit attributable to shareholders for 2019 was ¥108,099,205.23, a 2.58% increase from ¥105,376,881.81 in 2018[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥133,371,379.79, reflecting a 24.91% increase from ¥106,770,646.88 in 2018[5]. - The total assets at the end of 2019 were ¥1,443,708,020.36, a significant increase of 94.79% from ¥741,174,119.87 at the end of 2018[5]. - The company's basic earnings per share for 2019 was ¥1.06, down 19.70% from ¥1.32 in 2018[5]. - The weighted average return on equity for 2019 was 10.81%, a decrease of 11.98% from 22.79% in 2018[5]. - The company reported a total of ¥25,272,174.56 in non-recurring losses for 2019, compared to a loss of ¥1,393,765.07 in 2018[20]. Capital and Investment - The company will increase its capital reserve by converting 8 shares for every 10 shares held by shareholders[3]. - The company has a projected surplus of 10,000,000 in fundraising, which will be allocated to new investment projects[95]. - The company has invested RMB 29,172.18 million in various projects, achieving an investment completion rate of 75.58% for the high-performance polyester fiber dyeing project[91]. - The high-durability organic pigment project has seen an investment of RMB 8,217.35 million, representing 82.17% of the total committed investment[92]. - The company has utilized RMB 6,364.53 million for repaying bank loans, exceeding the planned amount due to bank fees[93]. Research and Development - The company has established a strategic cooperation agreement with Dalian University of Technology, enhancing its R&D capabilities in advanced organic new materials[48]. - A new R&D center of over 4,000 square meters was established in Shanghai, focusing on new material development and engineering research[49]. - R&D expenses amounted to CNY 31,107,559.14, a 25.48% increase year-on-year, accounting for 4.48% of total operating revenue[71]. - R&D personnel increased to 137, accounting for 15.87% of total employees, up from 12.66% in 2018[72]. - The company has signed 12 domestic patents, emphasizing its commitment to innovation in new products and technologies[71]. Environmental Responsibility - The company emphasizes the importance of environmental protection and has implemented measures to reduce waste emissions in compliance with national standards[107]. - The company has established a safety management system to mitigate risks associated with the use of hazardous materials in production[109]. - The company has implemented a comprehensive environmental management system, focusing on clean production and low-carbon development[175]. - The company has established emergency response plans for environmental risks and hazardous waste, which are regularly rehearsed[173]. - The company conducts regular third-party monitoring of wastewater, exhaust gas, noise, soil, and groundwater[174]. Corporate Governance - The company’s board of directors and senior management have confirmed the accuracy and completeness of the annual report[2]. - The company has a strong management team with extensive industry experience, contributing to its operational efficiency[43]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[124]. - The company will ensure transparent communication with shareholders regarding any changes in dividend policies, requiring a two-thirds majority for approval[126]. - The company has established a framework for internal accountability for any breaches of commitments by its directors and senior management[134]. Market Position and Strategy - The company specializes in high-performance organic pigments and solvent dyes, with products that offer superior color and environmental performance compared to traditional inorganic pigments[22]. - The company is in a rapidly developing organic pigment industry, driven by stable growth in downstream markets such as plastics, coatings, and inks[33]. - The company has a strong competitive position in the high-performance organic pigment industry, particularly in the benzimidazolone series, with significant advantages in international market competition[36]. - The company is actively preparing its US subsidiary to better serve American clients, enhancing its global service capabilities[53]. - The company has established agents under its brand in major industrial countries outside Europe and the US, indicating a strategic expansion in global markets[54]. Shareholder Relations - The company has a dedicated securities department for investor relations, reachable via email at zhengquan@hifichem.com[11]. - The company has selected multiple media outlets for information disclosure, including China Securities Journal and Shanghai Securities Journal[12]. - The company will announce any share reduction plans three trading days in advance, adhering to relevant regulations[125]. - The company commits to a lock-up period of three months for repurchased shares, extending by six months if commitments are not fulfilled[125]. - The company will ensure that related party transactions are conducted fairly and at market prices[128].

2020年04月 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐惠祥、主管会计工作负责人齐学博及会计机构负责人(会计主 管人员)柏丽声明：保证季度报告中财务报表的真实、准确、完整。 - 1 - 公告编号：2020-034 2020年第一季度报告 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 175,952,788.44 | 146,822,570.14 | 19.84% | | 归属于上市公司股东的净利润（元） | 36,944,618.46 | 15,321,163.67 | 141.13% | | 归属于上市公司股东的扣除非经常 性损益的净利润（元） | 37,419,482.10 | 15,198,686.09 | ...

Financial Performance - Operating revenue for the reporting period was CNY 165,486,624.51, a decrease of 1.53% year-on-year[8] - Net profit attributable to shareholders for the reporting period was CNY 42,275,339.03, an increase of 26.70% year-on-year[8] - Basic earnings per share for the reporting period was CNY 0.40, a decrease of 4.76% compared to the same period last year[8] - The weighted average return on equity was 3.90%, down by 3.02% year-on-year[8] - Total operating revenue for Q3 2019 was CNY 165,486,624.51, a decrease of 0.35% compared to CNY 168,065,657.96 in the same period last year[41] - Net profit for Q3 2019 was CNY 42,275,339.03, representing a 26.6% increase from CNY 33,367,403.95 in Q3 2018[43] - Basic earnings per share for Q3 2019 was CNY 0.40, slightly down from CNY 0.42 in the previous year[45] - Total operating revenue for the period reached ¥511,893,373.02, an increase of 10.8% compared to ¥461,798,589.00 in the previous period[51] - Net profit for the period was ¥100,311,195.93, representing a growth of 16.7% from ¥85,931,187.26 in the same period last year[53] Assets and Liabilities - Total assets increased by 69.21% to CNY 1,254,119,091.52 compared to the end of the previous year[8] - Current assets totaled CNY 763,593,619.06, up from CNY 337,923,997.94, indicating a growth of about 126% year-over-year[31] - Total liabilities decreased to CNY 137,755,080.77 from CNY 226,093,169.59, a reduction of approximately 39%[33] - The company's equity increased significantly to CNY 1,116,364,010.75 from CNY 515,080,950.28, representing a growth of about 116%[34] - The total assets of the company reached CNY 1,193,447,683.29, up from CNY 685,210,007.78, indicating robust asset growth[41] - The company's total liabilities decreased to CNY 153,016,137.99 from CNY 236,256,164.32, indicating a significant reduction in debt levels[41] Cash Flow - Cash flow from operating activities decreased by 74.69% to CNY 7,198,597.94 year-to-date[8] - The net cash flow from operating activities was CNY 7,198,597.94, a significant decrease of 74.7% from CNY 28,447,160.95 in the previous period[61] - Cash inflow from operating activities totaled CNY 328,638,790.47, up from CNY 310,531,850.40, indicating a growth of about 5.4%[61] - The net cash flow from financing activities was CNY 396,489,647.03, a substantial increase compared to CNY 36,877,275.65 in the previous period, reflecting a growth of over 975%[66] - The cash outflow for investing activities was CNY 93,656,351.81, compared to CNY 63,938,080.31 in the previous period, showing an increase of approximately 46.5%[63] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,363[12] - The largest shareholder, Anshan Huifeng Investment Group Co., Ltd., holds 20.47% of the shares[12] Investments and Expenses - Long-term equity investments grew by 60.86% to ¥30,004,819.68, primarily from investments in joint ventures[17] - The company reported a significant increase in investment income, which reached ¥2,069,128.94, a 523.37% rise compared to the previous year[20] - Management expenses rose by 56.35% to ¥28,268,208.97, mainly due to increased management costs from the establishment of a wholly-owned subsidiary[20] - Research and development expenses rose to CNY 5,212,768.21, an increase of 9.4% compared to CNY 4,762,114.26 in the previous year[41] - Research and development expenses increased to ¥18,237,213.76, up 15.9% from ¥15,729,355.48 in the previous period[51] Other Financial Metrics - The company reported a total of CNY -321,737.66 in non-recurring gains and losses for the year-to-date[9] - The company incurred a loss of ¥49,567,800.00 from a fire incident, with damages covered by insurance, although not fully compensated[24] - The company’s financial expenses turned positive with a decrease of 203.42%, resulting in a net income of -¥3,864,206.44 due to increased interest income from raised funds[20] - The company reported a financial expense of -CNY 2,365,662.96, a significant improvement from CNY 463,476.61 in the previous year[41] - The company maintained a stable tax expense of ¥15,102,698.07, up from ¥12,133,312.01, reflecting a 24.4% increase[53]

Financial Performance - The company reported a loss of 49.5678 million RMB due to a fire incident, which is covered by insurance but will not be fully compensated, leading to non-recurring losses [3]. - Total revenue for the reporting period was CNY 346,406,748.51, an increase of 17.93% compared to the same period last year [18]. - Net profit attributable to shareholders was CNY 58,035,856.90, reflecting a growth of 10.41% year-over-year [18]. - Net cash flow from operating activities surged by 229.88% to CNY 23,890,224.71 [18]. - Total assets at the end of the reporting period reached CNY 1,226,441,594.20, a 65.47% increase from the previous year [18]. - Net assets attributable to shareholders increased by 108.53% to CNY 1,074,088,671.72 [18]. - The diluted earnings per share for the reporting period was CNY 0.544 [19]. - Non-recurring losses totaled CNY -200,139.75, primarily from asset disposal and other operating income [22]. - The gross margin for pigments decreased by 7.37% to 28.69%, while the gross margin for dyes increased by 10.28% to 48.50% [58]. - The company achieved operating revenue of CNY 346.41 million, a year-on-year increase of 17.93% [49]. - Net profit attributable to shareholders reached CNY 58.04 million, reflecting a growth of 10.41% compared to the previous year [49]. Operational Strategy - The company’s main business includes the R&D, production, and sales of high-performance organic pigments and solvent dyes [24]. - The company has developed a procurement model that includes monthly raw material purchasing based on sales forecasts [28]. - The company’s production strategy is based on "sales-driven production," with annual production plans formulated at the beginning of each year, which are then broken down monthly [29]. - High-performance organic pigments have driven significant profit growth, supported by increasing environmental regulations and consumer demand for safer, greener products [33]. - The company has increased its investment in R&D to enhance product performance and expand its product range, contributing to brand influence and market competitiveness [33]. Risk Management - The report emphasizes the importance of risk management and outlines potential risks and corresponding mitigation strategies [4]. - The company is actively working with the insurance company to process claims related to the fire incident, with the final compensation amount still to be determined [3]. - The company is facing environmental risks due to stricter regulations, which may increase waste treatment costs [88]. - The company is exposed to market risks from raw material price fluctuations, which could impact its profitability [88]. - The company has implemented risk control measures for derivative investments, addressing market, liquidity, credit, and operational risks [78]. Shareholder Commitments - The company plans not to distribute cash dividends or issue bonus shares for the reporting period [5]. - The company has committed to not transferring or entrusting the management of its shares for twelve months from the date of listing, ensuring shareholder stability [95]. - The company will comply with regulations regarding major shareholder reductions and has outlined penalties for non-compliance, including public apologies and potential financial restitution [95]. - The company has a profit distribution policy that prioritizes cash dividends, aiming for a minimum of 80% of profits to be distributed in mature stages without major capital expenditures [103]. - The company will ensure that any related party transactions are fair and conducted according to normal commercial practices, avoiding any harm to the rights of shareholders [105]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities [136]. - The total discharge of COD was 98.88 tons, with a concentration of 240 mg/L, below the standard of 300 mg/L [136]. - The company has implemented a comprehensive environmental management system, focusing on clean production and low-carbon development [149]. - The company has established online monitoring devices for wastewater, ensuring that discharge concentrations do not exceed environmental assessment standards [140]. - The main pollutants in the waste gas include sulfur dioxide (SO2), smoke, and nitrogen oxides, with all emissions meeting environmental requirements [141][142]. Future Outlook - The company provided a future outlook projecting a revenue growth of 20% for the second half of 2019, driven by new product launches and market expansion [98]. - New product development efforts include the introduction of three innovative chemical products expected to contribute an additional 30 million in revenue by the end of 2019 [98]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years [98]. - A strategic acquisition of a local competitor is under consideration, which could enhance the company's production capacity by 25% [98]. - The company has set a performance guidance of achieving a net profit margin of 15% for the full year 2019 [98].

Financial Performance - Total revenue for Q1 2019 was CNY 146,822,570.14, an increase of 13.49% compared to CNY 129,375,292.59 in the same period last year[7] - Net profit attributable to shareholders decreased by 25.15% to CNY 15,321,163.67 from CNY 20,468,751.81 year-on-year[7] - The total profit was 16.99 million yuan, a decrease of 23.77% year-on-year[25] - The net profit excluding non-recurring gains and losses was CNY 15,198,686.10, down 25.89% from CNY 20,507,682.12 in the same period last year[7] - The company’s total comprehensive income for the current period was ¥15,321,163.67, down from ¥20,468,751.81, indicating a decrease of approximately 25.5%[62] Cash Flow - Net cash flow from operating activities improved by 81.61%, reaching CNY -4,180,340.70 compared to CNY -22,737,086.75 in the previous year[7] - Operating cash inflow for the current period was CNY 94,620,087.28, an increase of 34.1% compared to CNY 70,517,590.08 in the previous period[65] - Cash inflow from financing activities totaled CNY 583,516,560.00, significantly higher than CNY 24,392,712.33 in the previous period[70] - Net cash flow from financing activities was CNY 550,633,094.93, compared to CNY 16,145,101.30 in the previous period, indicating strong financing support[70] - The ending balance of cash and cash equivalents was CNY 587,447,968.51, up from CNY 17,257,843.36 in the previous period[66] Assets and Liabilities - Total assets increased by 76.81% to CNY 1,310,451,868.94 from CNY 741,174,119.87 at the end of the previous year[7] - The company's total liabilities amounted to CNY 236,405,890.45, an increase from CNY 226,093,169.59, indicating a rise of approximately 5.8%[48] - Owner's equity reached CNY 1,074,045,978.49, significantly up from CNY 515,080,950.28, marking an increase of around 108.5%[49] - Current assets totaled CNY 893,363,220.31, compared to CNY 337,923,997.94, reflecting a growth of about 164.5%[47] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 23,358[11] - The company’s capital reserve increased by 440.30% to CNY 63,437,660.00 from CNY 11,741,280.00 at the beginning of the year, primarily due to the premium from new share issuance[20] Operational Insights - The company achieved operating revenue of 146.82 million yuan, an increase of 13.49% compared to the same period last year[25] - The gross profit margin decreased due to changes in sales structure, while R&D expenses increased year-on-year[25] - The top five suppliers accounted for 34.73% of total purchases, an increase of 1.56% year-on-year, with three suppliers changing[27] - The top five customers accounted for 28.67% of total sales, up 0.85% year-on-year, with three customers changing[28] Investment and Projects - Total raised funds amounted to CNY 58,936.12 million, with CNY 878.89 million invested in the current quarter[38] - Cumulative investment from raised funds reached CNY 10,940.19 million, with no changes in usage reported[38] - The project for high-performance organic pigments and intermediates has seen 57.64% of its CNY 10,000 million budget utilized, totaling CNY 5,764 million invested[38] - The project for high-efficiency catalytic aromatic nitrile products has only utilized 19.38% of its CNY 23,000 million budget, with CNY 4,457.82 million invested[38] Compliance and Risks - The company has not reported any non-compliance with external guarantees during the reporting period[41] - The company faces risks related to raw material price fluctuations and potential bad debt losses due to customer financial instability[33][34] - There were no significant changes in the feasibility of projects during the reporting period[42] Other Financial Metrics - Basic and diluted earnings per share decreased to ¥0.17 from ¥0.26, a drop of approximately 34.6%[58] - Financial expenses decreased to ¥1,507,331.08 from ¥2,316,654.38, a reduction of about 35.0%[55] - Cash paid to employees increased to CNY 26,941,952.77 from CNY 21,259,209.79, indicating a 26.5% rise in labor costs[65] - Cash paid for taxes decreased to CNY 7,516,484.11 from CNY 15,220,457.91, showing a reduction in tax liabilities[65]

鞍山七彩化学股份有限公司 2019 年第一季度报告全文 鞍山七彩化学股份有限公司 2019 年第一季度报告 2019-019 2019 年 04 月 1 鞍山七彩化学股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人徐惠祥、主管会计工作负责人齐学博及会计机构负责人(会计主 管人员)董明会声明：保证季度报告中财务报表的真实、准确、完整。 2 鞍山七彩化学股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 146,822,570.14 | 129,375,292.59 | 13.49% | | 归属于上市公司股东的净利润（元） | 15,321,163.67 ...

Financial Performance - Total operating revenue for Q1 2019 was ¥146,822,570.14, an increase of 13.49% compared to ¥129,375,292.59 in the same period last year[6] - Net profit attributable to shareholders was ¥15,321,163.67, a decrease of 25.15% from ¥20,468,751.81 year-on-year[6] - Basic earnings per share decreased by 46.15% to ¥0.14 from ¥0.26 in the previous year[6] - The total profit was 16.99 million yuan, a decrease of 23.77% year-on-year, while the net profit attributable to shareholders was 15.32 million yuan, down 25.15% from the previous year[17] - The company's operating revenue for the current period is CNY 139,683,092.33, an increase from CNY 124,871,190.34 in the previous period, representing a growth of approximately 11.5%[55] - The net profit for the current period is CNY 15,321,163.67, down from CNY 20,468,751.81 in the previous period, indicating a decrease of about 25.5%[53] - The operating profit for the current period is CNY 16,995,082.27, compared to CNY 22,295,621.85 in the previous period, reflecting a decline of approximately 23.5%[53] - The total comprehensive income for the current period is CNY 15,321,163.67, down from CNY 20,468,751.81 in the previous period, a decrease of about 25.5%[53] Cash Flow and Assets - Net cash flow from operating activities improved to -¥4,180,340.70, a significant increase of 81.61% compared to -¥22,737,086.75 in the same period last year[6] - The company's cash and cash equivalents reached CNY 587,447,968.51, up from CNY 54,431,871.18 at the end of 2018[35] - Cash flow from operating activities amounted to CNY 93,341,247.53, compared to CNY 65,304,467.28 in the previous period, indicating an increase of about 43%[61] - Net cash flow from operating activities was negative CNY 1,969,419.56, improving from negative CNY 22,661,239.86 in the prior period[67] - Cash inflow from financing activities reached CNY 583,516,560.00, a significant increase from CNY 24,392,712.33 last year[69] - The ending balance of cash and cash equivalents was CNY 586,195,831.71, up from CNY 16,763,764.56 at the end of the previous period[69] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,310,451,868.94, up 76.81% from ¥741,174,119.87 at the end of the previous year[6] - The company's total current assets amounted to CNY 893,363,220.31, a significant increase from CNY 337,923,997.94 on December 31, 2018[35] - The company's total assets as of March 31, 2019, amounted to CNY 1,247,798,117.94, up from CNY 685,210,007.78 at the end of 2018[44] - Total liabilities increased to CNY 241,191,264.26 from CNY 236,256,164.32, indicating a slight rise of 0.8%[45] - The equity attributable to shareholders reached CNY 1,006,606,853.68, compared to CNY 448,953,843.46, reflecting a significant increase of 124.7%[47] Investments and Expenditures - The company has invested a total of 58.94 million yuan in raised funds, with 8.79 million yuan utilized in the current quarter[26] - Research and development expenses increased to CNY 7,488,543.06, compared to CNY 5,803,271.86, marking a growth of 29.1%[49] - Research and development expenses increased to CNY 6,107,246.40 from CNY 4,899,972.64, marking a rise of about 24.6%[55] Risk Management - The company is actively responding to environmental risks by enhancing waste management and adhering to national environmental standards[19] - The company emphasizes safety production and has implemented strict safety management measures to mitigate risks associated with hazardous materials[20] - The company faces market risks due to potential fluctuations in raw material prices and increased competition in the high-performance organic pigment market[21] - The company is taking measures to control accounts receivable risks by improving credit control systems and monitoring customer financial stability[23] Shareholder and Financing Activities - The company issued new shares, resulting in a 33.35% increase in share capital to ¥106,680,000 from ¥80,000,000[14] - The net cash flow from financing activities surged by 3310.53% to ¥55,063,310.00, primarily due to funds received from the issuance of new shares[16] - The company received government subsidies of ¥149,000.00 related to technological innovation during the reporting period[7] - The company paid CNY 25,000,000.00 for debt repayment, reflecting ongoing financial obligations[69]