证券代码：300819 证券简称：聚杰微纤 编号：2021-001 江苏聚杰微纤科技集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------------|-----------------------------|------------------------------------------------------------------------------------------------------| | | | | | | □特定对象调研 | □分析师会议 | | 投资者关系 活动类别 | □媒体采访 | √业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | □其他 | | 参与单位名称 及人员姓名 | 通过全景网参与公司 | 2020 年度网上业绩说明会的投资者 | | 时间 | 2021年5月10 日 | 15:00~17:00 | | 地点 全景 | • 路演天下 | | | 上市公司接待 | 董事长 仲鸿天 总经理 沈 | 松 | | 人员姓名 | 独立董事 蒋建春 | 董事会秘书 黄亚辉 ...

Group 1: Company Overview - The company specializes in the application development and manufacturing of ultra-fine fiber products, not the production of ultra-fine fibers themselves [1] - Main products include ultra-fine fiber finished products, imitation leather fabrics, functional fabrics, and cleanroom products, used in home textiles, sportswear, and automotive sectors [1] Group 2: Business Model - The company promotes its products through domestic and international exhibitions to secure orders [1] - It operates on a made-to-order basis, catering to specific customer requirements [1] Group 3: Financial Performance - The gross profit margin for the company's main products has not significantly changed in 2020 and 2021 [1] - The decline in gross profit margin is attributed to the acquisition of Langxi Yuanhua Textile Co., Ltd. and the impact of the pandemic, which led to underutilization of orders [1] - In the first half of 2022, the company saw an increase in orders compared to the same period last year, but performance has not yet returned to pre-pandemic levels [1] Group 4: Product Applications - Automotive interior fabrics are primarily used in car seats, headliners, and door panels, applicable to both traditional fuel and new energy vehicles [2]

江苏聚杰微纤科技集团股份有限公司 2022 年第三季度报告 证券代码：300819 证券简称：聚杰微纤 公告编号：2022-042 江苏聚杰微纤科技集团股份有限公司 2022 年第三季度报告 3.第三季度报告是否经过审计 □是 否 1 江苏聚杰微纤科技集团股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季 度报告中财务信息的真实、准确、完整。 □是 否 | | | 本报告期比上年同期 | | 年 初 至 报 告 期 | | --- | --- | --- | --- | --- | | | 本报告期 | 增减 | 年初至报告期末 | 末 比 上 年 同 期 | | | | | | 增减 | | 营 ...

Financial Performance - The company's operating revenue for the reporting period was ¥352,817,135.54, representing a 53.60% increase compared to ¥229,705,436.86 in the same period last year[28]. - Net profit attributable to shareholders was ¥37,260,962.83, a 73.65% increase from ¥21,457,946.68 year-over-year[28]. - The net profit after deducting non-recurring gains and losses surged by 246.86% to ¥36,673,527.13 from ¥10,572,854.83 in the previous year[28]. - The net cash flow from operating activities reached ¥64,279,371.39, a significant improvement of 504.11% compared to a negative cash flow of ¥15,906,208.97 last year[28]. - The company's revenue for the first half of 2022 increased by 53.60% year-on-year, reaching approximately CNY 352.82 million[67]. - The net profit for the first half of 2022 was CNY 33,466,730.50, an increase of 88.5% compared to CNY 17,768,232.26 in the same period of 2021[199]. - The total profit amounted to CNY 40,207,121.29, an increase of 75.5% from CNY 22,873,736.67 in the same period last year[199]. - The basic and diluted earnings per share were both CNY 0.25, up from CNY 0.22 in the previous year[200]. Capital Structure and Shareholder Information - The company reported a total capital increase from 99,470,000 shares to 149,205,000 shares after a capital reserve conversion, distributing cash dividends of 3.00 RMB per 10 shares[27]. - The total amount of raised funds is CNY 32,591.78 million, with CNY 4,258.14 million invested during the reporting period[90]. - The total number of shareholders at the end of the reporting period was 10,693[176]. - The company’s major shareholder, Suzhou Jujie Investment Co., Ltd., increased its holdings by 25,665,500 shares during the reporting period[176]. - The company has a total of 105,000,000 restricted shares at the end of the reporting period[174]. - The company’s stock structure includes 70.37% restricted shares and 29.63% unrestricted shares[169]. Operational Efficiency and Costs - The operating costs increased by 48.44% to ¥274,272,654.54 from ¥184,770,051.83, corresponding to the rise in sales orders[62]. - The total operating costs increased to CNY 309,739,276.41, up from CNY 214,509,351.32, reflecting a growth of 44.3%[199]. - Research and development investment rose by 41.46% to ¥13,723,503.46 from ¥9,701,325.55, indicating a focus on innovation and product development[62]. - The company reported a decrease in sales expenses to CNY 5,146,715.04 from CNY 5,673,916.38, showing a reduction of 9.3%[199]. Market Position and Product Development - The company focuses on the research, production, and sales of ultra-fine composite fiber fabrics and products, with over 20 years of experience in the field[35]. - Major products include ultra-fine fiber products, imitation leather fabrics, functional fabrics, and cleanroom products, catering to various applications such as fashion, automotive interiors, and electronics[37][39][41]. - The company has established long-term partnerships with international brands like Decathlon, C&A, H&M, and IKEA, enhancing its market presence[43][47]. - The company is recognized as a leading enterprise in the ultra-fine composite fiber fabric sector in China, with advanced production techniques and high-quality products[48]. - The company plans to enhance product development and expand domestic sales to mitigate customer concentration risks[104]. Environmental and Social Responsibility - The company has established comprehensive environmental protection regulations and has dedicated personnel to monitor equipment to minimize the impact of any operational failures[110]. - The company actively engages in social responsibility, including donations to local charities and participation in community health initiatives during the pandemic[136]. - The company has implemented a self-monitoring program for environmental emissions, ensuring that monitoring data undergoes a three-level review process for accuracy[127]. - The company has established an emergency mechanism to mitigate the impact of public health events on operations[111]. Risks and Challenges - The company faces financial risks due to rising labor costs and raw material prices, which could impact profit margins[105]. - The company is at risk of performance decline due to the ongoing COVID-19 pandemic, which could affect production and sales[111]. - The company has a high customer concentration risk, with sales to Decathlon accounting for 58.88% of total revenue in the first half of 2022, down from 71.74% in 2019[103]. Compliance and Governance - The company has not reported any significant changes in the measurement attributes of its main assets during the reporting period[84]. - The semi-annual financial report has not been audited, indicating a need for further financial scrutiny[142]. - The company has not experienced any non-compliance issues regarding external guarantees or misuse of funds by major shareholders during the reporting period[140][141].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 141,649,873.45, representing a 114.10% increase compared to CNY 66,161,438.30 in the same period last year[2] - Net profit attributable to shareholders was CNY 7,446,721.58, a slight increase of 1.18% from CNY 7,359,731.79 year-on-year[2] - The net profit after deducting non-recurring gains and losses reached CNY 7,547,577.32, a significant increase of 303.61% compared to a loss of CNY 3,706,832.21 in the previous year[2] - The weighted average return on equity was 0.92%, slightly up from 0.91% in the same period last year[2] - Total operating revenue for Q1 2022 reached ¥141,649,873.45, a significant increase of 113% compared to ¥66,161,438.30 in the same period last year[20] - Total operating costs amounted to ¥132,531,417.73, up from ¥69,524,261.49, reflecting a 91% increase year-over-year[20] - Net profit for Q1 2022 was ¥5,235,055.22, slightly down from ¥5,660,844.60 in Q1 2021, representing a decrease of approximately 7.5%[21] - The company reported a gross profit of ¥9,118,455.72, with a gross margin of approximately 6.4%[21] Cash Flow - The net cash flow from operating activities improved to -CNY 4,303,493.36, a 63.47% improvement from -CNY 11,780,362.00 in the same period last year[2] - Cash flow from operating activities was ¥123,084,474.76, significantly higher than ¥63,788,286.64 in the same quarter last year, marking a 93% increase[23] - The net cash flow from operating activities was -4,303,493.36 CNY, an improvement from -11,780,362.00 CNY in the same period last year[25] - Total cash outflow from operating activities amounted to 127,387,968.12 CNY, compared to 75,568,648.64 CNY in the previous year[25] - The company experienced a decrease in cash and cash equivalents by 18,762,730.03 CNY during the quarter[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 979,001,266.69, reflecting a 3.18% increase from CNY 948,818,931.02 at the end of the previous year[3] - Total liabilities increased to ¥143,325,951.97 from ¥118,378,671.52, reflecting a growth of approximately 21%[18] - The company's equity attributable to shareholders rose to ¥813,061,355.52, compared to ¥805,614,633.94 in the previous year[18] - The company reported a total current assets of CNY 473,189,141.54, compared to CNY 459,361,553.13 at the beginning of the year[16] Accounts and Inventory - Accounts receivable increased by 35.51% to CNY 123,411,362.60, primarily due to sales orders not yet collected[7] - Accounts receivable increased to CNY 123,411,362.60 from CNY 91,074,978.79 at the beginning of the year[16] - Inventory rose to CNY 104,476,442.94, up from CNY 99,796,218.63 at the start of the year[16] Investments and Projects - The company reported a 132.53% increase in construction in progress, amounting to CNY 37,058,599.07, due to ongoing project investments[7] - The company has ongoing investments in construction projects, with construction in progress increasing to CNY 37,058,599.07 from CNY 15,937,140.39[16] Government Support and Compliance - The company received government subsidies amounting to CNY 1,151,952.56, a 109.60% increase compared to CNY 549,594.94 in the previous year[9] - The company is actively involved in rectifying environmental compliance issues and has obtained the necessary pollution discharge permit[13] Employee and Operational Aspects - The company established a volunteer service team for epidemic prevention during the COVID-19 pandemic, ensuring production quality was maintained[12] - The cash outflow for employee payments was 31,827,642.46 CNY, an increase from 23,403,227.88 CNY in the previous year[25] Audit and Reporting - The company did not undergo an audit for the first quarter report[26]

Financial Performance - The company's operating revenue for 2021 was ¥480,329,632.98, representing a 38.18% increase compared to ¥347,602,064.10 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥30,669,928.72, a significant increase of 427.92% from ¥5,809,600.39 in 2020[21]. - The basic earnings per share for 2021 was ¥0.31, up 416.67% from ¥0.06 in 2020[21]. - The total assets at the end of 2021 were ¥948,818,931.02, a decrease of 1.62% from ¥964,420,619.67 at the end of 2020[21]. - The company achieved operating revenue of ¥480,329,632.98, an increase of 38.18% compared to the previous year[41]. - Net profit attributable to shareholders reached ¥30,669,928.72, marking a significant increase of 427.92% year-on-year[41]. - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-over-year growth of 15%[171]. - The gross margin for the year was reported at 35%, a slight increase from 32% in the previous year[171]. Cash Flow and Dividends - The company reported a net cash flow from operating activities of ¥32,879,769.03, a decrease of 60.82% compared to the previous year[66]. - The company reported a cash dividend of 3.00 RMB per 10 shares (including tax) based on a total of 99,470,000 shares[142]. - The total cash dividend amount is 29,841,000 CNY, which accounts for 100% of the total profit distribution[142]. - The distributable profit for the year is reported at 173,749,987.52 CNY[142]. - The company will not distribute cash dividends if the proposed cash distribution ratio is below the stipulated minimum without independent director approval[174]. Market Strategy and Expansion - The company aims to expand its market presence and enhance product offerings in the microfiber sector, focusing on new product development and technological advancements[6]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[112]. - The company plans to enhance its R&D capabilities and expand its marketing system to maintain its leading position in the ultra-fine fiber fabric industry[94]. - The company is currently advancing a project for the construction of ultra-fine fiber impregnated fabric, indicating ongoing market expansion efforts[57]. - A strategic acquisition is in progress, which is expected to enhance the company's supply chain efficiency and reduce costs by 10%[112]. Research and Development - The company focused on optimizing production processes and enhancing core technology applications, leading to improved product value[42]. - Research and development investments were increased for new products such as regenerated fiber double-sided fleece and antibacterial double-sided fleece[42]. - The company plans to focus on cultivating and attracting high-quality R&D talent over the next three years to enhance its technical capabilities[137]. - New product development initiatives are underway, with an investment of 233 million allocated for R&D in innovative textile technologies[111]. Environmental Compliance - The company has established a wastewater treatment station and exhaust gas collection and treatment devices to effectively handle wastewater and exhaust generated during production[153]. - The company has received environmental impact assessment approvals and other environmental protection administrative licenses as required by national and local regulations[154]. - The company emphasizes its commitment to environmental protection and sustainable development, implementing measures to improve water reuse rates and reduce carbon emissions through the installation of distributed photovoltaic power stations[162]. - The company faced administrative penalties due to illegal discharge without a pollution discharge permit, resulting in a temporary production halt[158]. Governance and Compliance - The company has established a fair and transparent performance evaluation and incentive mechanism for its executives[105]. - The governance structure is in compliance with the Company Law and Articles of Association, ensuring proper functioning of the general meeting, board of directors, and supervisory board[106]. - The company has conducted a self-assessment of its governance structure, confirming compliance with relevant laws and regulations[149]. - The company is committed to maintaining compliance with relevant laws and regulations in its governance practices[128]. Risk Management - The company has faced potential risks as outlined in the management discussion, including market competition and supply chain challenges[6]. - The company faces financial risks due to potential increases in labor costs and raw material prices, which could impact profit margins[95]. - The company has established emergency mechanisms to mitigate the impact of public health events on its operations[99]. Employee and Management Structure - The total number of employees at the end of the reporting period was 1,303, with 182 in the parent company and 1,121 in major subsidiaries[133]. - The company has a total of 1,020 production personnel, 71 sales personnel, 80 technical personnel, 16 financial personnel, and 45 administrative personnel[133]. - The company has implemented a salary calculation formula that includes basic income and variable wages, ensuring confidentiality in salary distribution for management and administrative positions[136]. Shareholder Relations - The company emphasizes communication with minority shareholders regarding profit distribution proposals, ensuring their opinions are considered[174]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO, ensuring stability for investors[167]. - The company will ensure that any related transactions are conducted at market prices and in accordance with relevant regulations[175].

Financial Performance - The company's revenue for Q3 2021 was ¥121,468,659.66, representing a 29.40% increase compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2021 was ¥10,552,516.69, an increase of 83.85% year-on-year[3]. - Basic earnings per share for Q3 2021 was ¥0.11, up 83.33% from the previous year[4]. - Total operating revenue for Q3 2021 reached CNY 351,174,096.52, an increase of 20.2% compared to CNY 291,939,101.43 in the same period last year[25]. - Net profit for Q3 2021 was CNY 26,790,263.30, a significant increase of 102.4% compared to CNY 13,261,213.40 in Q3 2020[26]. - Earnings per share (EPS) for Q3 2021 was CNY 0.32, doubling from CNY 0.16 in the previous year[27]. - The total profit for the year-to-date was ¥33,755,021.91, an increase of 80.23% compared to the previous year[11]. Assets and Liabilities - Total assets at the end of Q3 2021 were ¥945,629,577.12, a decrease of 1.95% from the end of the previous year[4]. - Total assets decreased to CNY 945,629,577.12 from CNY 964,420,619.67, a decline of 1.5%[23]. - Total liabilities decreased to CNY 112,026,914.30 from CNY 127,767,220.15, a reduction of 12.4%[23]. - The total liabilities increased to ¥130,453,888.77 as of Q3 2021, up from ¥127,767,220.15 in the previous year[35]. - The total equity attributable to shareholders of the parent company was CNY 806,955,168.59, slightly up from CNY 804,785,705.22[23]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥9,442,629.62, down 87.57% compared to the same period last year[12]. - The net cash flow from operating activities for Q3 2021 was ¥9,442,629.62, a decrease of 87.6% compared to ¥75,943,606.28 in Q3 2020[30]. - Total cash inflow from investment activities was ¥975,531,954.88, down 56.8% from ¥2,256,922,008.85 in the same period last year[30]. - The net cash flow from investment activities was -¥139,241,176.01, compared to -¥436,532,067.44 in Q3 2020, indicating an improvement[30]. - The company reported a total cash outflow from financing activities of ¥60,400,094.34, compared to ¥63,645,943.53 in Q3 2020[31]. Accounts Receivable and Inventory - The company reported a significant increase in accounts receivable, which rose by 222.28% to ¥96,397,212.51 due to seasonal sales[10]. - Accounts receivable increased to CNY 96,397,212.51 from CNY 29,910,641.27, marking a substantial rise of approximately 222.5%[21]. - The company’s total inventory decreased to CNY 85,069,627.47 from CNY 96,302,288.20, a decline of approximately 11.6%[21]. Investments and Projects - The company decided to terminate the "ultrafine fiber dust-free ultra-clean product construction project" and redirect the funds to a new project, "ultrafine fiber impregnated fabric construction project," to align with industry trends[19]. - The investment property value increased to CNY 41,470,529.11 from CNY 11,656,855.45, reflecting a growth of approximately 256.5%[21]. - Fixed assets rose to CNY 330,406,178.94 from CNY 259,527,649.89, indicating an increase of about 27.3%[21]. - The company plans to enhance its production capacity in response to market demand, although the urgency for expansion is currently deemed low[19]. Shareholder Information - The total number of restricted shares held by major shareholders remains at 70,000,000, with no changes in the current period[18]. - The company has not reported any changes in the status of its major shareholders regarding financing and securities lending activities[18]. Other Income and Expenses - Research and development expenses increased to CNY 15,120,242.83 from CNY 12,497,468.33, marking a rise of 20.9%[25]. - The company reported a significant increase in other income, amounting to CNY 13,000,000.00, compared to CNY 22,767.02 in the previous year[26]. Audit Status - The third quarter report has not been audited[37].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 229,705,436.86, representing a 15.97% increase compared to CNY 198,065,662.17 in the same period last year[25]. - The net profit attributable to shareholders for the first half of 2021 was CNY 21,457,946.68, a significant increase of 148.45% from CNY 8,636,559.39 in the previous year[25]. - The net profit after deducting non-recurring gains and losses was CNY 10,572,854.83, up 31.27% from CNY 8,054,571.78 in the same period last year[25]. - The basic and diluted earnings per share for the first half of 2021 were both CNY 0.22, reflecting a 120.00% increase from CNY 0.10 in the previous year[25]. - The weighted average return on equity increased to 2.65% from 1.37% in the same period last year[25]. - The company reported a total profit of ¥22,873,736.67, which is an increase of 91.7% from ¥11,933,965.87 in the first half of 2020[192]. - The profit margin improved, with net profit margin rising to 7.7% in 2021 from 4.4% in 2020[192]. Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -15,906,208.97, compared to a positive CNY 732,938.95 in the same period last year, indicating a significant decline of 2,270.20%[25]. - Cash and cash equivalents decreased by 16.05% to CNY 273.15 million, down from CNY 437.17 million due to the implementation of fundraising investment projects[78]. - The cash flow from operating activities showed a significant decline, with a net cash outflow of ¥15,906,208.97, primarily due to reduced sales collections[59]. - The overall financial performance reflects a need for strategic adjustments to improve cash flow and operational efficiency[200]. Revenue and Sales - The company's revenue for the reporting period reached 229.71 million CNY, an increase of 15.97% compared to the same period last year[31]. - Domestic sales accounted for ¥87,948,506.3, showing a year-on-year increase of 49.78%[63]. - International sales reached ¥141,756,930, with a year-on-year growth of 27.82%[63]. - The textile industry in China saw a revenue of 1,170.75 billion CNY in the first half of 2021, growing by 18.9% year-on-year[31]. Investments and R&D - Research and development investment increased by 14.34% to ¥9,701,325.55 from ¥8,484,360.11 in the previous year[59]. - The company plans to invest a total of 32,591 million CNY in various projects, with 7,941.1 million CNY already utilized[90]. - The company has approved the use of 640.54 million CNY of raised funds to replace self-raised funds for project investments, which has been completed[91]. Inventory and Receivables - The company's accounts receivable rose significantly by 272.58% to ¥111,440,094.32, attributed to higher sales occurring in the second quarter[60]. - The inventory of ultra-fine fiber functional fabrics decreased by ¥7,713,732.49 year-on-year, reflecting adjustments based on order plans[72]. - Inventory decreased slightly by 0.53% to CNY 88.25 million, from CNY 96.30 million[78]. Environmental and Social Responsibility - The company has established a complete environmental protection system to ensure compliance with standards[104]. - The company actively fulfills its corporate social responsibilities, creating value for shareholders while also considering the interests of employees and partners[122]. - The company engages in charitable activities, including donations to local charities and prioritizing the employment of disabled individuals[126]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[4]. - The company faces financial risks due to potential increases in labor costs and tax rates, which could adversely affect operating performance if not managed effectively[100]. - The company has established a comprehensive talent management system to mitigate the risk of technical personnel loss, which is critical for maintaining core competitiveness[102]. Corporate Governance - The company has implemented a profit distribution policy to ensure reasonable returns for investors, adhering to corporate governance standards[123]. - Employee rights are protected through compliance with labor laws, providing training and ensuring a harmonious labor relationship[124]. - There were no significant legal disputes or administrative penalties during the reporting period, indicating a stable operational environment[134].

Revenue and Profitability - Revenue for Q1 2021 was CNY 66,161,438.30, a decrease of 19.04% compared to CNY 81,725,345.95 in the same period last year[7] - Net profit attributable to shareholders was CNY 7,345,390.06, an increase of 889.15% from CNY 742,595.49 year-on-year[7] - Basic earnings per share increased by 600.00% to CNY 0.07 from CNY 0.01 in the previous year[7] - The company achieved operating revenue of CNY 66,161,438.30, a decrease of 19.04% compared to the same period last year[21] - Net profit attributable to shareholders reached CNY 7,345,390.06, an increase of 889.15% year-on-year[21] - The company's subsidiary, Langxi Yuanhua Textile Co., Ltd., reported revenue of CNY 9,439,363.36, up 21.84% from CNY 7,747,129.44 in the previous year[21] - Non-recurring gains and losses contributed CNY 11,052,222.27 to net profit, a significant increase of 13,934.77% compared to CNY 78,748.84 in the previous year[21] - The net profit for Q1 2021 was CNY 5,646,502.87, compared to CNY 756,376.52 in the previous year, representing a significant increase[49] - The profit attributable to the parent company's shareholders was CNY 7,345,390.06, up from CNY 742,595.49 in the same quarter last year[49] Cash Flow and Financial Position - The net cash flow from operating activities was CNY -11,780,362.00, worsening by 185.00% compared to CNY -4,133,509.55 in the same period last year[7] - Cash and cash equivalents decreased to CNY 266,665,494.73 from CNY 329,526,441.78, a decline of about 19.0%[42] - Cash flow from operating activities was CNY 44,604,080.23, down from 84,867,444.38 year-over-year[56] - The net cash flow from investment activities was -85,928,994.30 CNY, compared to -20,020,119.21 CNY in the previous period, showing increased cash outflow for investments[58] - The total cash inflow from operating activities was 63,788,286.64 CNY, compared to 93,135,295.51 CNY in the previous period, reflecting a decrease in operational cash receipts[57] - The company experienced a net decrease in cash and cash equivalents of -97,605,495.85 CNY, compared to an increase of 327,020,746.31 CNY in the previous period, reflecting a significant cash outflow[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 968,944,222.60, a slight increase of 0.47% from CNY 964,420,619.67 at the end of the previous year[7] - Non-current assets totaled CNY 445,962,993.50, up from CNY 388,930,947.21 year-over-year, indicating a growth of approximately 14.7%[42] - Total liabilities were CNY 126,644,320.21, down from CNY 127,767,220.15, reflecting a reduction of about 0.9%[41] - Current liabilities amounted to CNY 118,073,394.30, a slight decrease from CNY 119,106,014.46[41] - Owner's equity totaled CNY 842,299,902.39, an increase from CNY 836,653,399.52, showing a growth of approximately 0.3%[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,496[11] - The largest shareholder, Suzhou Jujie Investment Co., Ltd., held 51.60% of the shares[11] - No share repurchase transactions were conducted by the top 10 shareholders during the reporting period[12] Operational Challenges and Strategies - Export sales amounted to CNY 43,268,038.07, down 32.98% from CNY 64,556,728.51 in the same period last year due to the severe impact of the pandemic in Europe[21] - The company is facing risks related to high customer concentration and is actively expanding sales channels to mitigate this risk[25] - The company has reported a significant decrease in orders from major client Decathlon due to the pandemic, impacting overall business performance[28] - The company plans to enhance product competitiveness and expand market presence while improving customer structure to ensure stable operations[24] - The company is diversifying its market strategy to reduce the impact of the COVID-19 pandemic on its export business[28] Research and Development - Research and development expenses were CNY 3,564,078.48, slightly lower than CNY 3,575,903.89 in the previous year[48] - The company plans to adjust the construction completion date of the R&D center from June 30, 2022, to June 30, 2023, to allow for more growth space in R&D[31] Risk Management - The company has implemented measures to address financial risks, including enhancing technological innovation and increasing R&D investment[25] - The company has established strict confidentiality measures to protect its core technologies and prevent technical leaks[26] - Environmental protection measures have been put in place to ensure compliance with standards, but the company faces potential risks from stricter future regulations[27] Financial Reporting and Compliance - The first quarter report for 2021 was not audited, which may impact the reliability of the financial data presented[70] - The company has implemented new leasing standards starting in 2021, affecting financial reporting[70] - There are no significant changes in the feasibility of the projects funded by raised funds during the reporting period[33]

Dividend Distribution - The company plans to distribute a cash dividend of 3 RMB per 10 shares to all shareholders, based on a total of 99,470,000 shares[5]. - The company proposed a cash dividend of 3.00 yuan per share (including tax) for the year 2020, with a total cash dividend amounting to 29,841,000 yuan, representing 100% of the distributable profit[108]. - The total distributable profit for the company as of December 31, 2020, was 170,803,884 yuan, after accounting for the legal surplus reserve[109]. - The cash dividend for 2020 was based on a total share capital of 99,470,000 shares, with no stock dividends or capital reserve transfers proposed[111]. - The cash dividend payout ratio for 2020 was 513.65% of the net profit attributable to the parent company, indicating a significant return to shareholders[113]. - The company has maintained a consistent dividend policy, with the 2020 proposal being reviewed and approved by the board and supervisory committee[111]. Financial Performance - The company's operating revenue for 2020 was ¥347,602,064.10, a decrease of 30.26% compared to ¥498,407,381.04 in 2019[16]. - The net profit attributable to shareholders for 2020 was ¥5,809,600.39, down 90.26% from ¥59,658,231.43 in 2019[16]. - The net cash flow from operating activities increased by 14.17% to ¥83,929,831.61 in 2020, compared to ¥73,515,417.11 in 2019[16]. - The total assets at the end of 2020 were ¥964,420,619.67, representing a 57.45% increase from ¥612,521,085.55 at the end of 2019[16]. - The company's net assets attributable to shareholders rose by 74.02% to ¥804,785,705.22 at the end of 2020, compared to ¥462,455,650.58 at the end of 2019[16]. - The company reported a basic earnings per share of ¥0.06 for 2020, a decrease of 92.50% from ¥0.80 in 2019[16]. Market Position and Products - The company focuses on the research, production, and sales of ultra-fine composite fiber fabrics and products, with over 20 years of experience in the field[25]. - Major products include ultra-fine fiber products, imitation leather fabrics, functional fabrics, and cleanroom products, catering to various applications[26]. - The company is recognized as a leading enterprise in the field of ultra-fine composite fiber materials in China, with its products achieving advanced levels in both domestic and international markets[35]. - The company has established long-term partnerships with international brands such as Decathlon, ZARA, C&A, H&M, and IKEA, enhancing its market presence[30]. - The company has a complete production process from weaving to dyeing and finishing, which provides a competitive advantage in the industry[38]. Research and Development - Research and development expenses for 2020 amounted to ¥16,164,366.39, representing 4.65% of total revenue, an increase from 3.99% in 2019[71]. - The company is currently developing several innovative products, including a high-end faux leather material and antibacterial double-sided fleece, aimed at enhancing product competitiveness[70]. - The company has invested in the development of new products, including regenerated fiber double-sided fleece and antibacterial double-sided fleece, to enhance product value[44]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[169]. - The company has established a wastewater treatment plant and exhaust gas collection system, effectively managing wastewater and exhaust generated from production[171]. - In 2020, the company complied with environmental regulations, ensuring that wastewater, exhaust gas, and solid waste were treated and discharged in accordance with national standards[174]. - The company has maintained a 100% pass rate for quality control samples in monitoring data, ensuring the reliability of environmental data[174]. - The company has implemented a comprehensive emergency response plan for potential environmental incidents, including a tiered response mechanism[173]. Shareholder and Management Commitments - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO[115]. - The company will ensure fair operations and compliance with legal regulations in related party transactions[125]. - The company will publicly apologize to shareholders and investors if it fails to fulfill its commitments as disclosed in the prospectus[131]. - The company will disclose specific reasons for any failure to fulfill commitments due to uncontrollable factors[131]. - The company will ensure that its stock incentive plan aligns with the execution of its return measures[134]. Future Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 10% to 12% based on market expansion strategies and new product launches[119]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[118]. - A strategic acquisition of a local competitor is anticipated to be finalized in Q2 2021, which is expected to increase the company's market share by 5%[119]. - The company is investing 100 million RMB in R&D for new technologies aimed at sustainability and reducing production costs by 10%[117].