Financial Performance - Net profit attributable to shareholders rose by 13.97% to CNY 55,875,715.37 for the reporting period[7] - Operating revenue for the period was CNY 454,749,697.92, reflecting an increase of 11.58% year-on-year[7] - Basic earnings per share decreased by 16.07% to CNY 0.47[7] - The weighted average return on equity was 4.63%, down 31.11% compared to the previous year[7] - Operating profit for the period was CNY 60,677,078.56, compared to CNY 50,894,780.77 in the same period last year, representing a growth of 19.5%[40] - Net profit attributable to the parent company was CNY 55,548,044.25, an increase of 24.3% from CNY 44,706,000.00 in Q3 2019[40] - The company's net profit for Q3 2020 was CNY 55,548,044.25, an increase from CNY 49,015,763.64 in the same period last year, representing a growth of approximately 13.0%[41] - The company recorded a net profit attributable to shareholders of CNY 55,875,715.37, compared to CNY 49,028,426.44 in the previous year, representing an increase of about 13.5%[41] Assets and Liabilities - Total assets increased by 36.87% to CNY 2,860,432,759.92 compared to the end of the previous year[7] - The company's total assets as of September 30, 2020, were CNY 2,121,641,796.69, up from CNY 1,586,393,296.46 at the end of 2019, indicating a growth of 33.7%[37] - The company's total liabilities reached RMB 1.68 billion, up from RMB 1.01 billion, indicating an increase of about 67%[34] - The company's total liabilities increased to CNY 1,064,715,271.77, up from CNY 615,831,188.63, representing a growth of 72.7%[37] Cash Flow - The net cash flow from operating activities decreased by 37.35% to -CNY 16,237,692.43[7] - The company reported a net cash flow from operating activities of ¥137,490,282.55, a 492.58% increase, mainly due to significant government subsidies received[17] - The net cash flow from operating activities for Q3 2020 was ¥183,086,206.27, a significant improvement compared to a net outflow of ¥17,818,725.88 in Q3 2019[58] - Total cash inflow from operating activities reached ¥724,872,221.82, while cash outflow was ¥541,786,015.55, resulting in a positive cash flow[58] Investments and Projects - The company plans to invest up to ¥450 million in a PET film production line, with installation currently underway[18] - The company has approved multiple investment projects totaling ¥1.7669354 billion, including technology upgrades and new product lines[18] - The company established a wholly-owned subsidiary in Taiwan with an investment of ¥5 million to enhance international development and market expansion[22] - The company has invested in multiple projects, including a PET film production line and various technology upgrades, to enhance production capabilities[24] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 84,558,560.96[8] - Other income increased by 308.41% to ¥84,558,560.96, primarily due to a significant rise in government subsidies[17] Shareholder Information - The company reported a total of 6,994 common shareholders at the end of the reporting period[11] - The largest shareholder, Jin Chuang, holds 34.38% of the shares, with 12,430,000 shares pledged[11] Inventory and Receivables - Accounts receivable increased by 33.25% to ¥701,524,540.31, attributed to concentrated year-end cash collection and peak sales in Q3[15] - Inventory rose by 58.97% to ¥198,199,686.56, due to increased purchases of PTA slices for trial production of high-resolution PET film[15] Research and Development - Research and development expenses for the quarter were CNY 26,726,987.55, compared to CNY 24,685,288.03 in Q3 2019, showing an increase of 8.3%[40] - Research and development expenses amounted to CNY 63,399,115.65, up from CNY 59,352,804.42, indicating a focus on innovation[51] Financial Management - The company incurred a financial expense of CNY 6,990,120.55, down from CNY 14,536,759.88, showing improved cost management[51] - The company reported a decrease in financial expenses to CNY 1,053,351.00 from CNY 4,333,575.91, a reduction of about 75.7%[43] Other Information - The company has not reported any overdue commitments or violations regarding external guarantees during the reporting period[25] - The company has engaged in investor communications, discussing industry prospects and project progress with various financial institutions[28] - The Q3 2020 report was not audited[61]

Company Overview - The company focuses on the research, production, and sales of functional coating composite materials, primarily used in consumer electronics such as smartphones, tablets, and laptops, indicating a strong linkage to the consumer electronics industry's performance [4]. - The company is positioned in a rapidly growing market, supported by national policies favoring the development of new materials, which could enhance its market opportunities [5]. - The company is engaged in the research, production, and sales of various materials, including adhesive products and medical materials [189]. Financial Performance - The company's operating revenue for the reporting period was RMB 676,734,815.01, an increase of 1.33% compared to the same period last year [21]. - The net profit attributable to shareholders of the listed company was RMB 51,623,753.09, representing a significant increase of 141.53% year-on-year [21]. - The net cash flow from operating activities reached RMB 153,727,974.98, a remarkable increase of 212.97% compared to the previous year [21]. - The company's total assets at the end of the reporting period amounted to RMB 2,708,461,980.47, reflecting a growth of 29.60% from the end of the previous year [21]. - The company's basic earnings per share increased to RMB 0.44, up 83.33% from the previous year [21]. - The total profit and net profit attributable to the parent company were RMB 64.01 million and RMB 51.62 million, respectively, showing significant increases of 138.35% and 141.53% year-on-year [38]. - The total comprehensive income for the first half of 2020 was CNY 51,037,409.75, significantly higher than CNY 21,337,434.90 in the previous year [154]. Research and Development - The company plans to maintain a high level of R&D investment to support new product development, despite the inherent risks of product development failure due to market demand misalignment [5]. - The company has a strong patent portfolio and core technologies, which are crucial for its competitive edge in the functional coating composite materials industry [5]. - Research and development investment reached RMB 41.69 million, accounting for 6.16% of total revenue, with a year-on-year increase of 8.68% [39]. - The embedded R&D approach was strengthened, leading to the acquisition of 11 patents, including 10 invention patents and 1 utility model patent [39]. Market Conditions - The consumer electronics market is sensitive to macroeconomic conditions, which can affect consumer purchasing behavior and, consequently, the company's product demand [4]. - The company faces risks from intensified market competition, which could lead to oversupply and declining product prices, potentially impacting gross margins [5]. - Seasonal fluctuations in sales are expected, with higher revenues and net profits anticipated in the second half of the year due to consumer electronics manufacturers launching new products in the third quarter [6]. - The company operates in a highly competitive environment with both domestic and international players, necessitating effective strategies to maintain its market position [5]. Investment and Capital Management - The company does not plan to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment for growth [7]. - The company has increased its inventory by 42.14% to prepare for the upcoming sales peak in the second half of the year [30]. - The company invested 375,517,584.13 during the reporting period, a significant increase of 375.31% compared to the previous year [56]. - The company has successfully executed its fundraising investment projects according to the planned progress, with no delays or expected revenue shortfalls reported [65]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating significant environmental responsibilities [109]. - The company has implemented pollution control facilities, including four low-nitrogen gas boilers and two RTO devices, with no pollution incidents reported to date [110]. - The company is actively involved in social responsibility initiatives, including poverty alleviation efforts, although specific metrics were not disclosed [114]. Shareholder Information - The total number of shares increased from 116,838,879 to 118,371,379 due to the grant of 1,532,500 restricted stocks [120]. - The largest shareholder, Jin Chuang, holds 34.38% of the shares, totaling 40,696,961 [124]. - The company granted a total of 1,532,500 restricted stocks to 148 incentive objects [119]. - The total number of shareholders at the end of the reporting period was 9,057 [124]. Legal and Regulatory Matters - The company is currently involved in a lawsuit seeking 2.62 million yuan for unpaid debts, with the case still under trial [86]. - The company has not undergone any bankruptcy restructuring during the reporting period [85]. - The half-year financial report has not been audited [84]. - The company has not reported any overdue commitments from major stakeholders during the reporting period [82].

Business Overview - The company focuses on the research, production, and sales of functional coating composite materials, primarily used in consumer electronics such as smartphones, tablets, and laptops[5]. - The company emphasizes the importance of continuous new product development and strong industrialization capabilities, which are crucial for its rapid growth[8]. - The company focuses on the development and sales of OCA adhesive film products, enhancing its market competitiveness[34]. - The company has established long-term stable partnerships with major clients such as Foxconn and has received certifications from brands like Apple and Huawei[39]. - The company employs a direct sales model as its primary sales strategy, supplemented by distributors and traders[33]. - The company has implemented a production model that combines sales-driven production and demand forecasting to align production plans with sales conditions[32]. - The company emphasizes embedded R&D with end customers to quickly adapt product designs to market changes[43]. - The functional coating composite materials industry is in a steady development phase and is a key area supported by national policies[36]. - The company has a strong market response capability, crucial for the fast-paced consumer electronics industry[44]. Financial Performance - The company's operating revenue for 2019 was ¥1,432,695,837.17, representing a 6.47% increase compared to ¥1,345,591,764.53 in 2018[23]. - The net profit attributable to shareholders for 2019 was ¥111,194,767.10, a significant increase of 45.26% from ¥76,550,127.62 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥84,108,776.65, up 46.78% from ¥57,304,333.47 in 2018[23]. - The company's total assets at the end of 2019 reached ¥2,089,901,277.22, marking a 12.07% increase from ¥1,864,809,664.33 in 2018[23]. - The net assets attributable to shareholders increased by 57.83% to ¥1,079,791,313.14 from ¥684,128,379.77 in 2018[23]. - The basic earnings per share for 2019 was ¥1.23, reflecting a 41.38% increase compared to ¥0.87 in 2018[23]. - The net cash flow from operating activities decreased by 34.02% to ¥97,342,176.05 from ¥147,522,729.83 in the previous year[23]. - The company reported a quarterly revenue of ¥275,465,333.65 in Q1, ¥392,387,953.99 in Q2, ¥407,567,853.10 in Q3, and ¥357,274,696.43 in Q4 of 2019[25]. - The total non-recurring gains and losses for 2019 amounted to ¥27,085,990.45, compared to ¥19,245,794.15 in 2018[29]. - The weighted average return on equity for 2019 was 14.56%, an increase from 11.86% in 2018[23]. - The company achieved a main business revenue of 1,432.70 million yuan, a year-on-year increase of 6.47%[31]. - The net profit attributable to shareholders was 111.19 million yuan, representing a year-on-year growth of 45.26%[31]. Research and Development - The company maintains a high R&D investment ratio, consistently above 5% of sales revenue, with 669 patents held, including 190 invention patents[42]. - The company's R&D expenses for 2019 amounted to CNY 82,806,722.66, representing a 22.22% increase compared to 2018[68]. - The proportion of R&D personnel increased to 11.48% of the total workforce, up from 10.24% in 2018[69]. - The company aims to enhance R&D investment in its core products, functional film materials and electronic-grade adhesive materials, which are primarily used in the consumer electronics sector[106]. - The company plans to increase investment in technology research and development to develop green products and reduce environmental impact[108]. Market Risks and Competition - The company faces risks from fluctuations in the consumer electronics market, which is significantly influenced by macroeconomic conditions and consumer income levels[5]. - Increased competition in the functional coating composite materials industry may lead to oversupply and price declines, potentially impacting the company's gross margin[7]. - The functional coating composite materials industry is highly competitive, with major international players like 3M dominating the mid-to-high-end market[101][102]. - The company is experiencing intensified market competition, which may lead to a decline in gross profit margins if not managed effectively[111]. - There is a risk of new product development failures, as the company must accurately grasp industry trends and customer needs[112]. Operational Efficiency - Seasonal fluctuations in sales revenue and net profit are expected, with higher performance typically in the second half of the year due to consumer electronics product launches[9]. - The company has implemented refined management practices, resulting in reduced inventory and improved operational efficiency[52]. - The gross margin for electronic-grade adhesive materials was 52.17%, while functional film materials had a gross margin of 24.89%[59]. - The gross profit margin for functional film materials decreased by 2.94% compared to the previous year[63]. - The company reported a significant decrease in sales volume for thermal management composite materials, down 31.73% due to reduced customer orders[60]. Shareholder and Corporate Governance - The company plans to distribute cash dividends of 1 RMB per 10 shares to all shareholders, based on a total of 116,838,879 shares[10]. - The proposed cash dividend for 2019 is RMB 1 per 10 shares, totaling RMB 11,683,887.90, which represents 10.51% of the net profit attributable to shareholders[121]. - The company has committed to not transferring or entrusting the management of shares held before the stock issuance for a period of 60 months[123]. - Major shareholders are required to comply with regulations regarding shareholding and changes in shareholding during their tenure as directors or senior management[124]. - The company has established a commitment to report any changes in shareholding accurately and timely[124]. - The company implements a stable profit distribution policy, prioritizing cash dividends, with a minimum cash distribution of 10% of the distributable profit for the year[128]. - The company has committed to avoiding any competition with its subsidiaries and will not engage in any competitive product development, production, or sales[129]. - The company will notify and attempt to transfer any business opportunities that may compete with its subsidiaries to the company[129]. - The company has pledged to comply with relevant laws and regulations regarding related party transactions, ensuring fairness and transparency[130]. Compliance and Legal Matters - The company has confirmed that all commitments made during the acquisition and restructuring processes have been fulfilled as of the reporting period[122]. - The company is currently involved in litigation concerning a breach of contract, with a claim amount of CNY 736.96 million[145]. - The company has not faced any situations that would lead to suspension or termination of its listing[143]. - The company has not undergone any bankruptcy restructuring during the reporting period[143]. - The company has not made any significant mergers or acquisitions during the reporting period[140]. - The company reported no penalties or rectifications during the reporting period[147]. - The company has not reported any significant matters requiring explanation during the reporting period[177]. IPO and Share Capital - The company successfully listed on the Growth Enterprise Market on November 25, 2019, enhancing its market influence and corporate image[49]. - The company completed its initial public offering (IPO) with a total share capital increase from 87,628,879 shares to 116,838,879 shares[189][191]. - The IPO involved the issuance of 29,210,000 shares at a price of 11.27 RMB per share, with 90% of the shares allocated to online investors[190]. - The total number of shareholders increased to 20,772 by the end of the reporting period[192]. - The company’s stock was listed on the Shenzhen Stock Exchange on November 25, 2019, under the stock code "300806"[190]. - The largest shareholder, Jin Chuang, holds 34.83% of the shares, totaling 40,696,961 shares[193]. - The second largest shareholder, Shi Rong, owns 5.68% of the shares, amounting to 6,633,700 shares[193]. - The combined shareholding of Jin Chuang and Shi Rong, as controlling shareholders, is 40.51%[193]. - The company has not experienced any changes in its controlling shareholders during the reporting period[195]. - The company has not reported any changes in its actual controllers during the reporting period[196].

Financial Performance - Total revenue for Q1 2020 was CNY 272,905,941.98, a decrease of 0.93% compared to CNY 275,465,333.65 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 17,324,580.94, representing an 18.11% decline from a loss of CNY 14,667,582.02 year-over-year[7] - The company achieved operating revenue of CNY 272,905,941.98 in Q1 2020, a decrease of 0.93% compared to the same period last year[16] - The net profit attributable to shareholders was CNY -17,324,580.94, down 18.11% year-on-year[16] - Net loss for Q1 2020 was CNY 17,346,319.88, compared to a net loss of CNY 14,714,145.82 in the same period last year[40] - The total comprehensive income for the period was CNY -22,160,173.69, compared to CNY -15,098,495.86 in the previous period, reflecting a worsening financial position[45] Cash Flow and Liquidity - Net cash flow from operating activities decreased by 27.46% to CNY 28,694,236.57 from CNY 39,555,654.70 in the previous year[7] - Cash and cash equivalents rose by 42.26% to CNY 448,998,769.45, driven by increased financing activities[15] - Cash and cash equivalents as of March 31, 2020, increased to RMB 448,998,769.45 from RMB 315,613,933.77 as of December 31, 2019, representing a growth of approximately 42.2%[30] - The cash and cash equivalents at the end of the period increased to CNY 278,159,147.49 from CNY 157,961,455.51, showing a positive cash flow trend[49] - Net cash flow from operating activities was -¥17,846,602.07, a decline from a positive cash flow of ¥7,734,155.82 in the previous period[51] Assets and Liabilities - Total assets increased by 11.31% to CNY 2,326,184,481.63 compared to CNY 2,089,901,277.22 at the end of the previous year[7] - Total liabilities increased to RMB 1,263,207,963.75 from RMB 1,009,556,700.51, representing a growth of approximately 25.1%[32] - Total assets as of March 31, 2020, amounted to CNY 1,678,951,676.64, an increase from CNY 1,586,393,296.46 at the end of 2019[36] - Current assets increased to CNY 848,203,245.91 from CNY 767,666,737.36 at the end of 2019[35] - Total liabilities increased to CNY 730,549,742.77 from CNY 615,831,188.63 at the end of 2019[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,462[10] - The largest shareholder, Jin Chuang, holds 34.83% of the shares, totaling 40,696,961 shares[10] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11] Research and Development - The company plans to maintain high R&D investment to mitigate risks associated with new product development failures[19] - Research and development expenses for Q1 2020 were CNY 15,649,763.17, compared to CNY 12,080,775.16 in the previous period[39] - Research and development expenses increased significantly to CNY 21,530,290.92, up 97.5% from CNY 10,913,435.82 in the previous period[43] Market and Competition - The company faces risks from changes in the consumer electronics market, which could impact product demand[17] - Increased competition in the functional coating composite materials industry may lead to a decline in gross margins[18] Fundraising and Financial Management - The company increased cash from borrowings to CNY 269,200,000.00, a rise of 236.50% due to business expansion needs[15] - The company plans to use up to RMB 70 million of idle raised funds to temporarily supplement working capital for business expansion and daily operations[23] - There are no violations regarding the use and management of raised funds, ensuring compliance with regulations[23] Operational Challenges - The company's operating profit was a loss of CNY 23,516,991.80, compared to a loss of CNY 17,799,376.84 in the previous period, indicating increased operational challenges[44] - The company reported a credit impairment loss of CNY -636,359.43, compared to a gain of CNY 209,859.09 in the previous period, indicating a deterioration in asset quality[44] Seasonal Trends - Seasonal fluctuations in sales revenue are expected, with higher performance anticipated in the second half of the year[19]

Company Overview - The company focuses on the research, production, and sales of functional coating composite materials, primarily used in the consumer electronics industry, which is significantly influenced by macroeconomic conditions and national income levels [5]. - The functional coating composite materials industry is in a steady development phase, supported by national policies, and plays a crucial role in the economy [36]. - The company has established long-term stable partnerships with major clients such as Foxconn and has received certifications from brands like Apple and Huawei [39]. Financial Performance - The company's operating revenue for 2019 was ¥1,432,695,837.17, representing a 6.47% increase compared to ¥1,345,591,764.53 in 2018 [23]. - The net profit attributable to shareholders for 2019 was ¥111,194,767.10, a significant increase of 45.26% from ¥76,550,127.62 in the previous year [23]. - The net profit after deducting non-recurring gains and losses was ¥84,108,776.65, up 46.78% from ¥57,304,333.47 in 2018 [23]. - The total assets at the end of 2019 reached ¥2,089,901,277.22, marking a 12.07% increase from ¥1,864,809,664.33 in 2018 [23]. - The net assets attributable to shareholders increased by 57.83% to ¥1,079,791,313.14 from ¥684,128,379.77 in 2018 [23]. - The basic earnings per share for 2019 was ¥1.23, reflecting a 41.38% increase compared to ¥0.87 in 2018 [23]. - The company achieved a main business revenue of 1,432.70 million CNY, a year-on-year increase of 6.47% [31]. - The net profit attributable to shareholders reached 111.19 million CNY, reflecting a significant year-on-year growth of 45.26% [31]. Research and Development - Continuous new product development is crucial for the company's growth, with significant investments in R&D; however, failure to meet market demands could pose risks to new product development [8]. - The company maintains a high R&D investment ratio, consistently above 5% of sales revenue, with a total of 669 patents, including 190 invention patents [42]. - Research and development investment reached RMB 82.81 million, accounting for 5.78% of operating revenue, with 19 patents granted, including 14 invention patents [49]. - The company aims to enhance R&D investment in its core products, functional film materials and electronic-grade adhesive materials, which are key profit sources [103]. Market and Competition - The company faces risks from intensified market competition, which could lead to oversupply and declining product prices, potentially resulting in a decrease in gross profit margins if effective strategies are not implemented [7]. - The functional coating composite materials industry is highly competitive, with major players like 3M and Nitto Denko dominating the mid-to-high-end market [98]. - The company has a strong market response capability, essential for the fast-paced consumer electronics industry, ensuring low inventory and quick delivery [44]. Sales and Revenue Trends - The company's sales revenue exhibits seasonal fluctuations, with higher sales typically occurring in the second half of the year due to consumer electronics manufacturers launching new products in the third quarter [9]. - The company reported a quarterly revenue of ¥275,465,333.65 in Q1, ¥392,387,953.99 in Q2, ¥407,567,853.10 in Q3, and ¥357,274,696.43 in Q4 of 2019 [25]. - Sales of electronic-grade adhesive materials increased by 24.95% year-on-year, contributing RMB 420.64 million, which accounted for 29.36% of total revenue [55]. Cash Flow and Investments - The net cash flow from operating activities decreased by 34.02% to ¥97,342,176.05 from ¥147,522,729.83 in the previous year [23]. - The total cash outflow from investment activities surged by 218.04% to CNY 222,886,352.77, driven by ongoing investments in new facilities and equipment [69]. - The company reported a net cash flow from financing activities of CNY 103,046,642.37, a 96.99% increase compared to the previous year, attributed to funds raised from the initial public offering [70]. Shareholder and Dividend Policies - The company plans to distribute cash dividends of 1 RMB per 10 shares to all shareholders, based on a total of 116,838,879 shares [10]. - The proposed cash dividend for 2019 is RMB 1.00 per 10 shares, totaling RMB 11,683,887.90, which represents 10.51% of the net profit attributable to shareholders [115][118]. - The company has a stable profit distribution policy, prioritizing cash dividends when conditions are met, with a minimum cash distribution of 10% of the distributable profit each year [125]. Corporate Governance and Compliance - The company has established a commitment to comply with legal regulations regarding shareholding and changes in shareholding for directors and senior management [121]. - The company has committed to maintaining transparency and integrity in its shareholding practices among its executives [121]. - The company has implemented measures to ensure compliance with regulatory requirements and will accept supervision from regulatory bodies and the public [130]. Legal Matters - The company is currently involved in litigation regarding a quality issue with a production line, with a claim amount of CNY 736.96 million [142]. - The company has filed a lawsuit for outstanding payments totaling CNY 2.62 million, with ongoing legal proceedings [142]. - The court ruled that Fengsheng Technology must pay Jiangsu Sidike a total of ¥6,650,823.01, along with overdue interest calculated at 1.5 times the benchmark interest rate from July 10, 2018, until the actual payment date [143]. Employee Relations and Corporate Social Responsibility - The company has established a harmonious labor relationship and provides competitive benefits and training for employees [169]. - The company donated RMB 2 million to the Red Cross Society of China and provided medical isolation masks to Hubei Huangshi to support COVID-19 prevention efforts [167]. IPO and Share Structure - The company successfully listed on the Growth Enterprise Market on November 25, 2019, enhancing its market presence and corporate image [48]. - The total number of shares increased from 87,628,879 to 116,838,879 after issuing 29,210,000 new shares, representing a 33.33% increase in total shares [179]. - The company’s stock was listed on the Shenzhen Stock Exchange on November 25, 2019, under the ticker "300806" [186].

Company Overview - The company focuses on the research, production, and sales of functional coating composite materials, primarily used in consumer electronics such as smartphones, tablets, and laptops[5]. - The company is committed to the research and development of functional coating composite materials, aiming to become a leader in the new materials industry[168]. Financial Performance - The company's operating revenue for 2019 was ¥1,432,695,837.17, representing a 6.47% increase compared to ¥1,345,591,764.53 in 2018[23]. - The net profit attributable to shareholders for 2019 was ¥111,194,767.10, a significant increase of 45.26% from ¥76,550,127.62 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was ¥84,108,776.65, up 46.78% from ¥57,304,333.47 in 2018[23]. - The company's total assets increased by 12.07% to ¥2,089,901,277.22 at the end of 2019, compared to ¥1,864,809,664.33 at the end of 2018[23]. - The net assets attributable to shareholders rose by 57.83% to ¥1,079,791,313.14 in 2019 from ¥684,128,379.77 in 2018[23]. - The basic earnings per share for 2019 was ¥1.23, reflecting a 41.38% increase from ¥0.87 in 2018[23]. - The company achieved a main business revenue of 1,432.70 million yuan, a year-on-year increase of 6.47%[31]. - The net profit attributable to shareholders was 111.19 million yuan, representing a year-on-year growth of 45.26%[31]. - The company reported a total of ¥27,085,990.45 in non-recurring gains for 2019, compared to ¥19,245,794.15 in 2018[29]. Cash Flow and Investments - The net cash flow from operating activities decreased by 34.02% to ¥97,342,176.05 in 2019, down from ¥147,522,729.83 in 2018[23]. - The company reported a significant increase of 218.04% in cash outflows from investing activities, totaling ¥222,886,352.77, mainly due to ongoing investments in new facilities and equipment[71]. - The net cash flow from financing activities increased by 96.99% to ¥103,046,642.37, attributed to funds raised from the initial public offering[72]. - The total amount of cash and cash equivalents decreased by ¥19,303,834.03, marking a 114.48% decline compared to the previous year[70]. - The company raised a total of ¥329,196,700.00 through a public offering, with a net amount of ¥284,231,728.83 after deducting issuance costs[85]. Market and Competition - The company faces risks from fluctuations in the consumer electronics market, which is significantly influenced by macroeconomic conditions and consumer income levels[5]. - Increased competition in the functional coating composite materials industry may lead to oversupply and price declines, potentially impacting the company's gross margin[7]. - The functional coating composite materials industry is characterized by intense competition, with a shift from price competition to technology and brand competition[102]. - The demand for high-quality functional coating composite materials is expected to grow rapidly due to the development of downstream industries such as consumer electronics and new energy vehicles[104]. Research and Development - The company maintains a high R&D investment ratio, consistently above 5% of sales revenue, with 669 patents held, including 190 invention patents[42]. - The company emphasizes the importance of continuous new product development and strong industrialization capabilities, which are crucial for its rapid growth[8]. - Research and development investment reached RMB 82.81 million, accounting for 5.78% of operating revenue, with 19 patents granted, including 14 invention patents[50]. - The company aims to recruit and cultivate high-quality technical and management talent to enhance its innovation capabilities[108]. Shareholder and Dividend Policies - The company plans to distribute cash dividends of 1 RMB per 10 shares to all shareholders, based on a total of 116,838,879 shares[10]. - The proposed cash dividend for 2019 is RMB 1 per 10 shares, totaling RMB 11,683,887.90, which represents 10.51% of the net profit attributable to shareholders[119][121]. - The company implements a stable dividend distribution policy, prioritizing cash dividends when conditions allow, with a minimum cash distribution of 10% of the distributable profit each year[128]. Corporate Governance and Compliance - The company emphasizes strict compliance with laws and regulations to protect shareholder rights and ensure accurate information disclosure[171]. - The company has committed to not transferring or entrusting the management of shares held before the issuance for a period of 60 months from the date of stock listing[123]. - The company has established a long-term commitment to comply with the regulations set forth by the China Securities Regulatory Commission and the Shenzhen Stock Exchange regarding related party transactions[129]. Social Responsibility - The company actively fulfills its social responsibilities towards shareholders, employees, customers, and suppliers[169]. - The company donated 2 million RMB to the Chinese Red Cross and provided medical isolation masks to aid in the fight against COVID-19[170].