江苏斯迪克新材料科技股份有限公司 投资者关系活动记录表 1 证券代码：300806 证券简称：斯迪克 2022-115 江苏斯迪克新材料科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------| | 投资者关系 \n活动类别 | □√特定对象调研 \n□媒体采访 \n□新闻发布会 \n□现场参观 \n□√其他 （电话） | □分析师会议 \n□业绩说明会 \n□路演活动 | | | 华泰柏瑞基金：吕慧建、姚晨飞 | | | ...

江苏斯迪克新材料科技股份有限公司 投资者关系活动记录表 证券代码：300806 证券简称：斯迪克 2022-113 江苏斯迪克新材料科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------------------------------------------------------------|---------------------------------------| | 投资者关系 \n活动类别 | □√特定对象调研 \n□媒体采访 \n□新闻发布会 \n□现场参观 \n□√其他 （电话） | □分析师会议 \n□业绩说明会 \n□路演活动 | | | 纵贯资本：林书书 | | | | 智信创富：叶淼、黄国良 | | | | 远策投资：李超 | | | | 银河投资：张译文、吕云龙 | | | | 颐和银丰：宋思言、刘锡宇 曲江翔汇：蔡嘉驰 关天量化：郭升、陈诗余 | | | | 中大集团：钱文琪 | | | | 伟星资本：杨克华 | | | | 泰康资产：王铎霖 | | ...

Financial Performance - Revenue for Q3 2022 reached ¥586,721,507.53, an increase of 18.84% year-over-year[5] - Net profit attributable to shareholders was ¥77,223,260.12, up 18.63% compared to the same period last year[5] - Net profit excluding non-recurring gains and losses was ¥70,177,385.30, reflecting a 16.50% increase year-over-year[5] - Total operating revenue for Q3 2022 reached CNY 1,617,347,361.36, an increase of 11.85% compared to CNY 1,446,194,899.48 in Q3 2021[20] - Net profit for Q3 2022 was CNY 167,227,504.91, representing a 26.56% increase from CNY 132,115,113.71 in Q3 2021[21] - Earnings per share for Q3 2022 were CNY 0.55, compared to CNY 0.44 in the same period last year, reflecting a growth of 25%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,772,177,813.91, a 25.74% increase from the end of the previous year[5] - Total assets as of Q3 2022 were CNY 5,772,177,813.91, an increase of 25.73% from CNY 4,590,633,946.62 at the end of Q3 2021[18] - Total liabilities reached CNY 4,110,940,707.85, up 32.66% from CNY 3,096,765,942.08 in the previous year[18] - Non-current assets totaled CNY 3,894,163,551.55, a 35.24% increase from CNY 2,879,910,497.45 in Q3 2021[18] Cash Flow - Cash flow from operating activities showed a net outflow of ¥107,099,988.67, a decrease of 140.38% compared to the previous period[9] - The net cash flow from operating activities was -107,099,988.67 CNY, a significant decrease from 265,258,579.80 CNY in the previous period[23] - Total cash inflow from operating activities was 1,386,391,019.02 CNY, down from 1,466,608,854.91 CNY year-on-year[23] - Cash outflow from operating activities increased to 1,493,491,007.69 CNY, compared to 1,201,350,275.11 CNY in the previous period[23] - The net cash flow from investing activities was -1,014,561,975.95 CNY, worsening from -655,697,499.67 CNY in the previous period[24] - Cash inflow from financing activities totaled 2,117,255,514.57 CNY, up from 1,410,172,890.00 CNY year-on-year[24] - The net cash flow from financing activities was 1,033,924,090.87 CNY, compared to 157,365,322.13 CNY in the previous period[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,402[10] - The largest shareholder, Jin Chuang, holds 34.33% of the shares, totaling 104,184,221 shares, with 60,060,000 shares pledged[10] - The second-largest shareholder, Shi Rong, owns 5.60% of the shares, amounting to 16,982,272 shares[10] - The top ten shareholders collectively hold a significant portion of the company's equity, with the top three alone accounting for over 42%[10] Investments and R&D - Long-term equity investments surged by 274.77% to ¥52,051,781.37, attributed to new external investments[8] - The company reported R&D expenses of CNY 82,629,215.77, which increased from CNY 75,174,486.62 in the previous year, indicating a focus on innovation[20] Market Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[10] - The company plans to continue expanding its market presence and investing in new technologies to enhance competitive advantage[22] Inventory and Receivables - The company reported a significant increase in accounts receivable, which rose by 57.60% to ¥1,065,200,746.03 due to higher sales revenue[8] - Accounts receivable increased to 1,065,200,746.03 RMB from 675,893,297.11 RMB at the beginning of the year, indicating a significant rise[16] - Inventory as of September 30, 2022, is 318,643,479.43 RMB, slightly decreased from 342,622,552.16 RMB at the beginning of the year[16] Cash and Equivalents - The company's cash and cash equivalents as of September 30, 2022, are 313,065,942.90 RMB, down from 523,822,433.76 RMB at the beginning of the year[16] - The ending balance of cash and cash equivalents was 154,643,730.44 CNY, down from 177,728,337.61 CNY in the previous period[24] Employee and Tax Expenses - The company received 94,076,673.47 CNY in tax refunds, an increase from 41,871,837.77 CNY in the previous period[23] - The company paid 189,217,540.07 CNY to employees, up from 148,133,917.35 CNY in the previous period[23] - The company’s cash outflow for purchasing goods and services was 1,118,481,061.67 CNY, compared to 908,118,207.12 CNY in the previous period[23] Share Lock-up - The company has a total of 136,283,916 shares under lock-up agreements, with 1,211,571 shares released during the reporting period[14] - The company plans to lift the lock-up on shares held by major shareholders on November 24, 2024[13]

Financial Performance - The company's revenue for the first half of 2022 was CNY 1,030,625,853.83, representing an increase of 8.20% compared to CNY 952,502,777.01 in the same period last year[25]. - The net profit attributable to shareholders was CNY 90,951,188.34, a growth of 33.71% from CNY 68,021,858.42 year-on-year[25]. - The net profit after deducting non-recurring gains and losses surged by 91.88% to CNY 79,936,703.36, compared to CNY 41,660,149.21 in the previous year[25]. - The basic earnings per share increased by 36.36% to CNY 0.30, up from CNY 0.22 in the same period last year[25]. - The total assets at the end of the reporting period reached CNY 5,138,147,265.99, marking an 11.93% increase from CNY 4,590,633,946.62 at the end of the previous year[25]. - The net assets attributable to shareholders rose by 5.28% to CNY 1,569,638,073.36, compared to CNY 1,490,958,840.13 at the end of the last year[25]. - The net cash flow from operating activities significantly decreased by 94.52% to CNY 20,547,068.42, down from CNY 374,963,248.36 in the previous year[25]. - The weighted average return on equity was 5.91%, an increase of 0.67% from 5.24% in the previous year[25]. - The gross profit margin for the main business was 27.60%, reflecting a year-on-year increase of 4.93%[92]. - The main business revenue reached ¥989,230,089.61, with a year-on-year increase of 9.61%[92]. Investment and Capital Management - The company has not disclosed any major asset or equity sales during the reporting period[15]. - The total amount of raised funds is RMB 284.23 million, with a net amount of RMB 284.23 million after deducting issuance costs[106]. - The total amount of raised funds invested during the reporting period is RMB 81.50 million[106]. - The cumulative amount of raised funds invested is RMB 267.43 million[106]. - The company has ongoing projects with a total investment of RMB 1.65 billion, with various completion percentages[104]. - The company has multiple ongoing projects in functional coating materials, with completion rates ranging from 7% to 92%[104]. - The company reported a total revenue of 339,575,851.50 RMB, with a net profit of 26,965,171.83 RMB for the reporting period[118]. - The company has invested ¥563,735,413.15 during the reporting period, a 46.77% increase compared to the previous year[99]. Research and Development - Research and development expenses increased by 9.33% to approximately ¥51.28 million, reflecting the company's commitment to innovation[90]. - The company has established a strong research and development team, collaborating with universities such as Southeast University and Suzhou University to enhance innovation capabilities[81]. - The company has implemented an "embedded" R&D system, collaborating closely with customers to develop new materials that meet specific application needs, enhancing customer satisfaction and loyalty[65]. - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing product performance and sustainability[157]. - New product development efforts are underway, with an investment of 50 million allocated for R&D in innovative materials and technologies[158]. Market Trends and Risks - The company reported a significant risk factor related to changes in the consumer electronics market environment, which could impact future performance[3]. - Key risks include new product development failures and fluctuations in raw material supply and prices, which could affect operational stability[3]. - The demand for functional coating composite materials has significantly increased due to the rise of smart consumer electronics, which require advanced features such as waterproofing and high durability[38]. - The automotive electronics market is expanding rapidly, driven by trends towards lightweight, miniaturized, and intelligent vehicles[46]. - The company is exposed to risks from fluctuations in raw material prices, particularly due to their reliance on petroleum-derived products, and is implementing strategies to manage these risks[128]. Corporate Governance and Compliance - The company emphasizes the importance of accurate financial reporting and has declared that all board members attended the meeting to review the report[3]. - The company has committed to transparency in its financial disclosures and compliance with regulatory requirements[3]. - The company adheres to strict corporate governance practices, ensuring compliance with laws and regulations to protect the rights of shareholders and stakeholders[149]. - The company has established a robust internal control system to ensure accurate and timely information disclosure to all shareholders[149]. Environmental Responsibility - The company operates four sets of low-nitrogen combustion boilers and four sets of RTO devices for pollution control[141]. - The company has established a dedicated safety and environmental protection department to manage industrial waste[141]. - The company emphasizes its commitment to environmental responsibility, having implemented a monitoring scheme for industrial wastewater and emissions, including real-time monitoring of flow, COD, and ammonia nitrogen[144]. - The company has received environmental compliance approvals for various projects, indicating a proactive approach to regulatory requirements[146]. Shareholder and Stock Management - The company plans to distribute at least 10% of the annual distributable profit as cash dividends, with specific conditions for higher percentages based on development stage and capital expenditure needs[160]. - The company has committed to not transferring or entrusting the management of its shares for a period of 60 months from the date of the stock issuance[156]. - The company will ensure that the repurchase price does not exceed the net asset value per share based on the latest audited report[162]. - The company’s board must make a decision on share repurchase within 15 trading days after the triggering conditions are met[162]. - The total number of common shareholders at the end of the reporting period is 9,114[197]. Strategic Outlook - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 20% to 30% based on current market trends and demand[158]. - The company is actively exploring new application fields for its products, such as in the new energy vehicle and medical sectors, to diversify its market presence[130]. - The company aims to become a leader in the new materials industry, with a vision to create a world-class Chinese brand in the membrane materials sector[151]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million yuan allocated for potential deals[157].

Revenue and Profit - The company's revenue for Q1 2022 was ¥478,303,308.04, representing a 20.79% increase compared to ¥395,980,096.82 in the same period last year[4] - Net profit attributable to shareholders was ¥17,756,594.50, a significant increase of 198.75% from ¥5,943,605.19 year-on-year[4] - The net profit after deducting non-recurring gains and losses reached ¥13,291,975.16, marking a 621.09% increase from ¥1,843,304.56 in the previous year[4] - Basic earnings per share rose to ¥0.09, an 80.00% increase from ¥0.05 in the previous year[4] - Operating profit for Q1 2022 reached CNY 19,316,843.66, up 136.0% from CNY 8,164,439.28 in the same period last year[20] - Total comprehensive income for Q1 2022 was CNY 16,566,991.54, compared to CNY 6,138,805.97 in Q1 2021, indicating a growth of 169.5%[21] Assets and Liabilities - The company's total assets increased by 6.91% to ¥4,907,816,914.82 from ¥4,590,633,946.62 at the end of the previous year[5] - Total liabilities as of the end of Q1 2022 amounted to CNY 3,394,063,992.67, an increase from CNY 3,096,765,942.08 at the end of Q1 2021[20] - The total equity attributable to shareholders of the parent company was CNY 1,511,266,043.05, an increase from CNY 1,490,958,840.13 in Q1 2021[20] Cash Flow - The net cash flow from operating activities was negative at -¥65,117,739.44, a decline of 218.65% compared to ¥54,881,626.37 in the same period last year[9] - Cash flow from operating activities was CNY 382,276,487.78, a decrease from CNY 488,774,720.72 in the previous year[23] - The company reported a decrease in cash inflow from operating activities, totaling 394,211,252.50 CNY, compared to 550,413,520.72 CNY in the previous year[24] - The company's total cash outflow for operating activities was 459,328,991.94 CNY, compared to 495,531,894.35 CNY in the previous year[24] Research and Development - Research and development expenses increased by 44.50% to ¥23,643,378.95, up from ¥16,362,244.92 year-on-year[8] - Research and development expenses for Q1 2022 were CNY 23,643,378.95, up 44.7% from CNY 16,362,244.92 in Q1 2021[20] Financing Activities - The company’s cash flow from financing activities surged by 505.22% to ¥265,524,948.13, compared to ¥43,872,410.94 in the previous year[9] - Total cash inflow from financing activities was 733,845,768.45 CNY, up from 504,545,880.00 CNY year-over-year[24] - The company received 733,795,768.45 CNY in borrowings during the quarter, compared to 501,045,880.00 CNY in the same period last year[24] - The total cash outflow for financing activities was 468,320,820.32 CNY, slightly increased from 460,673,469.06 CNY year-over-year[24] Other Financial Metrics - The weighted average return on equity improved to 1.18%, up from 0.45% in the previous year[4] - The company reported a profit margin increase, with total profit reaching ¥18,725,460.54, an increase of 118.33% from ¥8,576,572.07[9] - The company experienced a foreign exchange loss of -226,534.02 CNY, compared to a gain of 1,205,406.24 CNY in the previous year[25]

Financial Performance - The company's operating revenue for 2021 was ¥1,984,158,009.35, representing a 28.89% increase compared to ¥1,539,459,204.66 in 2020[18]. - The net profit attributable to shareholders for 2021 was ¥209,943,422.22, up 15.59% from ¥181,625,771.74 in 2020[18]. - The net profit after deducting non-recurring gains and losses was ¥173,909,550.71, a significant increase of 70.08% from ¥102,250,003.03 in 2020[18]. - The net cash flow from operating activities reached ¥371,224,838.10, marking a 92.37% increase from ¥192,974,755.50 in 2020[18]. - The total assets at the end of 2021 were ¥4,590,633,946.62, a 43.32% increase from ¥3,202,970,429.01 at the end of 2020[18]. - The net assets attributable to shareholders increased by 18.35% to ¥1,490,958,840.13 at the end of 2021 from ¥1,259,771,844.73 at the end of 2020[18]. - The company reported a basic earnings per share of ¥1.11 for 2021, up 14.43% from ¥0.97 in 2020[18]. - In 2021, the company achieved total revenue of ¥1,984,158,009.35, a year-on-year increase of 28.89%[83]. - The net profit attributable to shareholders was ¥209,943,422.22, representing a growth of 15.59% compared to the previous year[83]. - The net profit after deducting non-recurring gains and losses was ¥173,909,550.71, which increased by 70.08% year-on-year[83]. - The company's cash flow from operating activities reached ¥371,224,838.10, up 92.37% from the previous year[83]. Market Expansion and Strategy - The company has expanded its international presence with subsidiaries in the USA, Japan, and South Korea, enhancing its market reach[11]. - The company is actively pursuing market expansion strategies to increase its footprint in both domestic and international markets[11]. - The company aims to become an international leader in functional coating composite materials, emphasizing technological innovation and increasing market share in the industry[141]. - The company plans to strategically target new growth areas such as automotive electronics and large display screens, diversifying product applications[142]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence, with a focus on complementary technologies[198]. - Market expansion efforts have led to a 10% increase in market share in the Asia-Pacific region[198]. - The company plans to enter two new international markets by Q3 2022[199]. Research and Development - The company is focused on developing new technologies, particularly in optical adhesive materials, which are crucial for touchscreen applications[12]. - The company is investing in research and development to innovate and improve its product offerings, particularly in high-performance materials[12]. - R&D investment for 2021 was ¥109,001,729.43, accounting for 5.49% of total revenue[88]. - The company has been recognized as a high-tech enterprise since 2009 and holds 616 authorized patents, including 220 invention patents, demonstrating strong R&D capabilities[73]. - The company is investing 200 million RMB in R&D for new technologies aimed at enhancing product performance and sustainability[198]. - The company is focusing on research and development of new materials to support its growth strategy[156]. - The company has a strong management team with extensive experience in various industries, contributing to its strategic direction[184]. Product Development and Innovation - The company is focused on the development of functional coating composite materials, which are widely used in emerging industries such as smart hardware and new energy vehicles[28]. - The company has successfully applied functional coating composite materials in various emerging industries, breaking the technical monopoly of foreign enterprises[28]. - The company has completed the development of a foldable OCA film for smartphones, enhancing its competitive edge in the domestic market[109]. - The company is working on a graphene thermal conductive material with a thermal conductivity of 1500, which will enhance its position in the thermal management materials sector[109]. - The company has completed the development of a UV-cured protective film for curved surfaces, enhancing its product offerings[110]. - The company aims to replace imported high-end protective films, enhancing its competitive position in the market[110]. Risk Management - The company faces risks including changes in the consumer electronics market, new product development failures, and raw material supply fluctuations[5]. - The company has implemented a robust risk management framework to address operational and market-related risks[5]. - The company acknowledges the risk of new product development failures, emphasizing the need for accurate market trend analysis and customer needs assessment[149]. - The company is exposed to raw material supply and price volatility risks, which can affect procurement costs and operational profitability[151]. Governance and Management - The company has established a robust governance structure in compliance with relevant laws and regulations, ensuring transparency and accountability[160]. - The board of directors consists of 4 internal directors, 2 external directors, and 3 independent directors, meeting regulatory requirements for board composition[163]. - The company has implemented a performance evaluation and incentive mechanism for senior management, ensuring transparency in the appointment process[167]. - The company emphasizes timely and accurate information disclosure, with a designated board secretary responsible for investor relations[168]. - The company has established a complete and independent supply, production, and sales system, ensuring no reliance on shareholders or related parties for product R&D, production, and sales[171]. Operational Efficiency - The company aims to improve operational efficiency through lean production practices, optimizing processes, and increasing automation to enhance product quality and competitiveness[144]. - The company plans to increase its workforce by 10% to support growth initiatives and enhance operational capabilities[198]. - The management team emphasized the importance of sustainability initiatives, planning to allocate 15% of the budget towards eco-friendly projects[199]. Customer Engagement and Market Response - The company has established stable partnerships with several well-known domestic and international end manufacturers, leveraging advanced technology and product quality[47]. - The company has a strong market response capability, enabling rapid production and R&D adjustments based on customer demands in the fast-paced consumer electronics market[76]. - The company has established a sales service network across major manufacturing regions, enhancing market responsiveness and customer service[81]. Financial Management - The company has a competitive disadvantage in terms of financial strength and brand recognition compared to diversified multinational companies[71]. - The company has pledged accounts receivable totaling 144,000,000.00 as collateral for bank loans[123]. - The company has a total of 3 supervisors, including 1 employee representative supervisor[190].

Financial Performance - Revenue for Q3 2021 reached ¥493,692,122.47, an increase of 8.56% year-over-year, while year-to-date revenue was ¥1,446,194,899.48, up 27.81% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥65,098,449.28, reflecting a 16.51% increase year-over-year, with year-to-date net profit at ¥133,120,307.70, a rise of 23.83%[3]. - Total revenue for Q3 2021 reached ¥1,446,194,899.48, an increase of 28% compared to ¥1,131,484,512.93 in Q3 2020[23]. - Operating profit for Q3 2021 was ¥154,870,376.63, slightly up from ¥154,419,933.56 in Q3 2020[23]. - Net profit for Q3 2021 reached CNY 132,115,113.71, an increase of 24.2% compared to CNY 106,382,729.01 in Q3 2020[24]. - Total comprehensive income for the period was CNY 131,881,151.28, an increase from CNY 106,024,458.07 in Q3 2020[24]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥265,258,579.80, showing a significant increase of 92.93% compared to the previous year[9]. - Operating cash flow for the period was CNY 265,258,579.80, up 93.1% from CNY 137,490,282.55 in the same period last year[26]. - The company reported a net cash outflow from investing activities of CNY 655,697,499.67, compared to CNY 537,533,905.52 in the same period last year[27]. - Cash flow from financing activities generated a net inflow of CNY 157,365,322.13, down from CNY 386,377,486.95 in the same period last year[27]. Assets and Liabilities - Total assets as of Q3 2021 amounted to ¥4,041,632,415.36, representing a 26.18% increase from the end of the previous year[4]. - Current assets totaled ¥1,579,452,874.59, an increase of 8% from ¥1,458,919,425.41 at the end of 2020[20]. - Non-current assets increased significantly to ¥2,462,179,540.77 from ¥1,744,051,003.60, marking a 41% growth[20]. - Total liabilities reached ¥2,635,388,270.79, up from ¥1,943,095,322.97, reflecting a 36% increase[21]. - Owner's equity increased to ¥1,406,244,144.57 from ¥1,259,875,106.04, a growth of 12%[21]. Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 7,109[11]. - The major shareholder, Jin Chuang, holds 34.27% of the shares, amounting to 65,115,138 shares, with 30,388,000 shares pledged[12]. - The top 10 shareholders collectively hold 4.99% of the shares, with Shanghai Junyin and Tianjin Hexin being managed by the same fund manager[13]. - The company has a total of 86,475,781 restricted shares, with 784,080 shares released during the period[16]. - The company plans to release all restricted shares held by Jin Chuang and Shi Rong on November 24, 2024, totaling 75,729,058 shares[15]. Earnings and Expenses - The company’s basic earnings per share for Q3 2021 was ¥0.34, a decrease of 27.66% year-over-year[3]. - R&D expenses for Q3 2021 were ¥75,174,486.62, compared to ¥68,414,358.40 in Q3 2020, showing a 10% increase[23]. - Basic earnings per share decreased to CNY 0.70 from CNY 0.92 in the previous year, a decline of 23.9%[24]. Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 41.09% to ¥307,248,260.85, attributed to stockpiling in response to rising raw material prices[8]. - The company’s long-term borrowings increased by 187.18% to ¥646,656,276.95, due to project loans being approved and drawn down[9]. - Short-term borrowings rose to ¥945,982,892.92, compared to ¥866,774,275.88 at the end of 2020, indicating a 9% increase[21]. Compliance and Standards - The third quarter report was not audited[33]. - The company has not applied the new leasing standards retrospectively for prior comparative data[33].

Financial Performance - The company reported a revenue increase of 20% year-over-year for the first half of 2021, reaching RMB 500 million[15]. - The company's operating revenue for the reporting period was ¥952,502,777.01, representing a 40.75% increase compared to the same period last year[21]. - The net profit attributable to shareholders was ¥68,021,858.42, an increase of 31.76% year-over-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥41,660,149.21, reflecting a significant increase of 225.33% compared to the previous year[21]. - The net cash flow from operating activities reached ¥374,963,248.36, up 143.91% from the same period last year[21]. - The total assets at the end of the reporting period were ¥3,758,434,864.97, a 17.34% increase from the end of the previous year[21]. - The company's total liabilities increased to CNY 1.78 billion in the first half of 2021, compared to CNY 1.23 billion in the same period of 2020, marking a growth of 44.7%[186]. - The total equity of the company reached CNY 1.16 billion in the first half of 2021, up from CNY 1.12 billion in the first half of 2020, reflecting a growth of 3.5%[186]. Market Expansion and Product Development - The company plans to invest RMB 100 million in new product development and technology research in the next fiscal year[4]. - Future outlook suggests a projected revenue growth of 25% for the second half of 2021, driven by market expansion strategies[4]. - New product lines are expected to launch in Q4 2021, focusing on eco-friendly materials[4]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[4]. - The company has established itself as a first-tier supplier for Tesla's battery solutions, enhancing its position in the new energy vehicle sector[29]. - The company is focusing on the domestic production of key raw materials, particularly PET base films, to improve self-sufficiency[28]. Research and Development - The company holds 683 patents, including 203 invention patents, reflecting its strong R&D capabilities[46]. - The company’s R&D expenses accounted for over 5% of sales revenue, significantly higher than domestic peers[46]. - Research and development investment rose by 12.53% to ¥46,909,124.27, indicating ongoing commitment to innovation[52]. - The company emphasizes the importance of continuous R&D investment to mitigate risks associated with new product development failures, leveraging its strong patent portfolio and experienced R&D personnel[91]. Financial Management and Shareholder Policies - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[6]. - The company has implemented a stock incentive plan, which impacted the net profit attributable to shareholders by ¥1,000.92 million during the reporting period[30]. - The company is committed to maintaining a stable dividend policy, distributing at least 10% of the annual distributable profit in cash dividends[124]. - The company aims to prioritize cash dividends over stock dividends when conditions allow, ensuring sustainable returns for investors[124]. - The company will conduct profit distributions annually, primarily in cash, but may also consider mid-term cash distributions based on financial conditions[124]. Operational Risks and Challenges - Gross profit margin decreased by 5% compared to the same period last year, primarily due to intensified market competition[4]. - The company faces risks related to raw material price fluctuations, which could impact profit margins[4]. - Management risks are acknowledged due to rapid growth, necessitating improvements in organizational structure and management efficiency[95]. - Seasonal fluctuations in sales revenue are anticipated, particularly in the consumer electronics sector, with higher sales expected in the second half of the year[96]. - The company is expanding its market presence beyond consumer electronics into sectors like new energy vehicles and healthcare to reduce seasonal business risks[96]. Environmental and Social Responsibility - The company has implemented pollution control facilities that operate in sync with production, including four natural gas low-nitrogen combustion boilers and three RTO devices[110]. - The company has established a safety and environmental protection department responsible for managing industrial waste and ensuring compliance with environmental regulations[110]. - The company has received no administrative penalties related to environmental issues during the reporting period[112]. - The company has donated a total of 3.5128 million yuan to various charitable causes from 2017 to the end of the reporting period[114]. Corporate Governance and Compliance - The company has a robust internal control system and governance structure to protect the rights of shareholders and creditors, ensuring timely and accurate information disclosure[115]. - The company will publicly explain any failure to fulfill commitments and apologize to shareholders and the public[128]. - The company has committed to covering any penalties or late fees imposed by regulatory authorities related to social insurance and housing fund issues[128]. - The company will accept supervision from regulatory authorities and the public regarding its commitments and will bear corresponding responsibilities[128]. Shareholder Structure and Changes - The largest shareholder, Jin Chuang, holds 65,115,138 shares after an increase of 24,418,177 shares, with a release date set for November 24, 2024[161]. - The company has a total of 151 individual shareholders, with 2,528,800 shares under equity incentive lock-up, which will be released according to the company's 2020 equity incentive plan[162]. - The combined shareholding of the controlling shareholders, Jin Chuang and Shi Rong, is 39.86%[165]. - The company has not experienced any changes in its controlling shareholder during the reporting period[168].

Financial Performance - The company's revenue for Q1 2021 was ¥395,980,096.82, representing a 45.10% increase compared to ¥272,905,941.98 in the same period last year[8] - Net profit attributable to shareholders was ¥5,943,605.19, a significant turnaround from a loss of ¥17,324,580.94, marking a 134.31% improvement[8] - The net profit after deducting non-recurring gains and losses was ¥1,843,304.56, compared to a loss of ¥19,480,984.27, reflecting a 109.46% increase[8] - Basic earnings per share improved to ¥0.05 from a loss of ¥0.15, indicating a 133.33% increase[8] - Operating profit for Q1 2021 was CNY 8,164,439.28, a significant recovery from a loss of CNY 16,074,900.87 in Q1 2020[44] - Net profit for Q1 2021 amounted to CNY 8,576,572.07, compared to a net loss of CNY 17,645,714.66 in Q1 2020[44] - Total comprehensive income for Q1 2021 was CNY 6.14 million, compared to a loss of CNY 17.43 million in Q1 2020[45] Cash Flow - The net cash flow from operating activities reached ¥54,881,626.37, up 91.26% from ¥28,694,236.57 in the previous year[8] - Cash flow from operating activities increased by 83.41% to CNY 488,774,720.72, driven by a significant rise in sales[15] - The net cash flow from operating activities was -84,973,161.63 CNY, compared to -17,846,602.07 CNY in the previous period, indicating a significant decline in operational cash flow[53] - Cash inflow from sales of goods and services reached 390,997,487.86 CNY, a substantial increase from 145,620,226.77 CNY in the prior period, reflecting strong sales performance[53] - The total cash outflow from operating activities was 537,527,049.49 CNY, up from 164,991,198.05 CNY, highlighting increased operational expenditures[53] - The company reported a total cash inflow from operating activities of 452,553,887.86 CNY, compared to 147,144,595.98 CNY in the previous period, reflecting improved operational cash generation[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,476,268,845.87, an 8.53% increase from ¥3,202,970,429.01 at the end of the previous year[8] - The total amount of raised funds is CNY 284.23 million, with CNY 66.34 million invested in the reporting period, representing 28.32% of the total commitment for the OCA optical adhesive film production project[24] - Total liabilities increased to CNY 1,386,521,499.38 in Q1 2021, compared to CNY 1,229,603,783.31 in Q1 2020[41] - The company's cash and cash equivalents decreased to CNY 213,004,459.10 from CNY 333,771,762.82 at the end of 2020[38] - Short-term borrowings rose to CNY 955.58 million from CNY 866.77 million at the end of 2020[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,465[10] - The largest shareholder, Jin Chuang, holds 34.27% of the shares, with a total of 40,696,961 shares pledged[11] - The total equity attributable to shareholders reached CNY 1,273,027,536.38, up from CNY 1,259,771,844.73 in Q1 2020[37] Operational Insights - Accounts receivable decreased by 90.84% to CNY 5,658,707.50 due to significant collection of bank acceptance bills[15] - Prepayments increased by 186.55% to CNY 89,977,411.35 as the company stocked up on raw materials in response to price increases[15] - Inventory rose by 34.74% to CNY 293,401,022.89, reflecting preparations for rising raw material costs[15] - The company is investing in multiple projects, including OCA optical adhesive and PET optical film, with a total investment of CNY 2.564 billion[19] - Financial expenses decreased by 35.93% to CNY 5,054,752.02 due to favorable exchange rate movements[15] Risks and Future Plans - The company faces risks from intensified market competition, which could lead to a decline in gross margins[17] - The company plans to maintain high R&D investment to mitigate risks associated with new product development failures[18] - There are no significant changes in the feasibility of investment projects during the reporting period[26] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[28] - The company has not reported any violations regarding external guarantees during the reporting period[27] Miscellaneous - The company received government subsidies amounting to ¥4,932,709.27 during the reporting period[9] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[57]

Financial Performance - The company achieved operating revenue of CNY 1,539,459,204.66 in 2020, representing a year-on-year increase of 7.45%[18]. - The net profit attributable to shareholders reached CNY 181,625,771.74, a significant increase of 63.34% compared to the previous year[18]. - The net cash flow from operating activities was CNY 192,974,755.50, up 98.24% from 2019[18]. - The company’s total assets increased by 53.26% year-on-year, reaching CNY 3,202,970,429.01 by the end of 2020[18]. - The company reported a basic earnings per share of CNY 1.55, reflecting a growth of 26.02% from the previous year[18]. - The company’s weighted average return on equity was 15.51%, an increase of 0.95% compared to 2019[18]. - The company’s total cash dividend distributed amounts to RMB 23,750,875.80, representing 100% of the total profit distribution[132]. - The company has accumulated undistributed profits of RMB 417,604,907.72 as of December 31, 2020[133]. Risk Factors - The company faces risks including intensified market competition leading to decreased gross margins, new product development failures, and fluctuations in raw material supply and prices[5]. - The company has a risk factor related to seasonal fluctuations in operations, which may impact financial performance[5]. - The company faces risks from intensified market competition, which could lead to a decline in gross margins if not managed effectively[119]. Corporate Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the report's integrity[4]. - The company has established a relatively complete corporate governance structure and effective regulations to manage risks associated with rapid growth[124]. - The independent directors have fulfilled their responsibilities and provided necessary opinions regarding the profit distribution plan, ensuring the protection of minority shareholders' rights[131]. Research and Development - R&D expenses reached 94.8 million RMB in 2020, representing over 5% of sales revenue, significantly ahead of domestic peers[41]. - The company aims to strengthen its R&D capabilities by establishing two new R&D centers and investing in advanced testing equipment to maintain its leading position in the industry[114]. - The company is committed to maintaining a high level of R&D investment to support continuous new product development and industrialization, despite the risks of potential product development failures[120]. Market Position and Strategy - The company has focused on the domestic production of OCA optical adhesives, which is expected to have a global market size exceeding CNY 10 billion[28]. - The company has become a primary supplier of cell adhesive tape for Tesla, establishing a foundation in the new energy vehicle sector[28]. - The company has established long-term partnerships with major international brands such as Apple, Huawei, and Tesla, enhancing its competitive position in the market[38]. - The company is focusing on expanding its market presence in automotive electronics, educational applications, and large commercial display screens, while enhancing product diversification[112]. Shareholder Relations and Profit Distribution - The proposed profit distribution plan for 2020 includes a cash dividend of RMB 2 per 10 shares (including tax) and a capital reserve increase of 6 shares for every 10 shares held, based on a total share count of 118,754,379[133]. - The company has not proposed any cash dividend distribution plan for the reporting period despite positive distributable profits[138]. - The company has committed to a stable dividend distribution policy, prioritizing cash dividends when conditions allow[144]. Environmental and Social Responsibility - The company donated CNY 2 million to the Red Cross for COVID-19 relief and provided over 63,000 protective masks during the pandemic[181]. - The company operates pollution prevention facilities in line with production, with no reported pollution incidents, and has upgraded to low-nitrogen combustion gas boilers[189]. - The company has received environmental impact assessment approval for its construction projects, ensuring compliance with environmental regulations[190]. Subsidiaries and Expansion - The company has multiple subsidiaries, including Sidike New Materials (Jiangsu) Co., Ltd. and Sidike New Materials (USA) Co., Ltd.[10]. - The company added a new subsidiary, Suzhou Stick Automotive Decoration Materials Co., Ltd., which was established in September 2020[69]. - The company established a new subsidiary, Suzhou Sidike Automotive Decoration Materials Co., Ltd., on September 23, 2020, with no significant impact on overall operations[104]. Legal and Compliance Matters - There are ongoing litigation matters involving the company, with a total claim amount of 2.62 million RMB related to unpaid debts, which is currently pending execution[156]. - The company has not faced any penalties or rectification issues during the reporting period[158]. - The company has not reported any major lawsuits or arbitration matters that would affect its financial position[156].