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].

Financial Performance - Operating revenue decreased by 32.57% to CNY 93,873,439.26 for the current period, and by 26.67% to CNY 291,939,101.43 year-to-date[7] - Net profit attributable to shareholders dropped by 63.85% to CNY 5,739,813.44 for the current period, and by 67.70% to CNY 14,376,372.83 year-to-date[7] - Basic earnings per share fell by 71.43% to CNY 0.06 for the current period, and by 73.33% to CNY 0.16 year-to-date[7] - The total operating revenue for the year-to-date period was CNY 291,939,101.43, down 26.7% from CNY 398,134,454.70 in the previous year[51] - The company reported a net profit attributable to shareholders of ¥14.3764 million for the first three quarters of 2020, a decrease of 67.70% compared to the same period last year[27] - The net profit for Q3 2020 was CNY 4,445,802.89, representing a decline of 72.0% compared to CNY 15,845,391.47 in Q3 2019[44] - The total profit for Q3 2020 was CNY 6,795,373.72, a decrease of 65.5% from CNY 19,704,575.41 in Q3 2019[44] - The total comprehensive income for Q3 2020 was CNY 4,445,802.89, down 72.0% from CNY 15,845,391.47 in Q3 2019[45] Assets and Liabilities - Total assets increased by 57.11% to CNY 962,347,357.56 compared to the end of the previous year[7] - Total liabilities decreased to CNY 114,105,340.24 from CNY 147,858,081.63, a reduction of 22.8%[36] - Current assets rose to CNY 549,501,960.98, compared to CNY 324,121,998.77 at the end of 2019, marking an increase of 69.7%[38] - Non-current assets totaled CNY 346,363,759.17, up from CNY 329,155,509.24, reflecting a growth of 5.3%[36] - Owner's equity increased significantly to CNY 848,242,017.32, compared to CNY 464,663,003.92, an increase of 82.5%[37] - Total liabilities amounted to CNY 147,858,081.63, with current liabilities at CNY 146,122,412.82 and non-current liabilities at CNY 1,735,668.81[71] - The total assets and liabilities combined were CNY 496,482,015.58[75] Cash Flow - Net cash flow from operating activities decreased by 3.41% to CNY 75,210,667.33 for the current period[7] - The net cash flow from financing activities was ¥357,131,456.97, a 1246.40% increase from -¥31,152,536.54 in the previous year, primarily due to funds raised from stock issuance[24] - The company reported a net cash inflow from operating activities of CNY 312.53 million in Q3 2020, down from CNY 397.67 million in the same period last year[59] - The net cash flow from operating activities for Q3 2020 was ¥75,943,606.28, a decrease of 10.5% compared to ¥85,165,404.72 in Q3 2019[60] - The company reported a net cash flow from investment activities of -¥436,532,067.44, compared to -¥53,365,648.98 in Q3 2019, indicating a worsening position[61] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,117[13] - The largest shareholder, Suzhou Jujie Investment Co., Ltd., holds 51.60% of the shares[13] Research and Development - Research and development expenses for Q3 2020 were CNY 4,013,108.22, down 25.6% from CNY 5,393,818.68 in Q3 2019[43] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[73] Other Financial Metrics - The weighted average return on equity was 0.71%, down by 2.90% compared to the previous year[7] - Non-recurring gains and losses totaled CNY 705,097.39 for the year-to-date period[10] - Financial expenses turned negative at -¥2,774,620.53, a 264.56% change, mainly due to increased interest income from deposits[21] - Other income increased by 121.28% to ¥1,745,261.76, primarily from increased government subsidies[21] - The company reported a financial expense of CNY -3,241,921.42 in Q3 2020, compared to CNY 492,195.60 in the same period last year[43]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥198,065,662.17, a decrease of 23.50% compared to ¥258,916,747.81 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was ¥8,636,559.39, down 69.84% from ¥28,633,943.23 in the previous year[20]. - The net cash flow from operating activities was ¥732,938.95, representing a decline of 89.96% compared to ¥7,299,545.52 in the same period last year[20]. - Basic and diluted earnings per share decreased by 73.68% to ¥0.1 from ¥0.38 in the previous year[20]. - Operating profit was ¥12,961,089.92, down 60.75% year-on-year[44]. - Total profit decreased by 65.33% to ¥11,933,965.87 compared to the previous year[44]. - Comprehensive income attributable to the parent company was ¥8,636,559.39, a decline of 69.84% year-on-year[44]. - The company reported a total profit of ¥11,933,965.87, down 65.3% from ¥34,426,224.17 in the first half of 2019[171]. - The total comprehensive income for the first half of 2020 was ¥8,815,410.51, down from ¥28,543,535.48 in the same period of 2019[172]. Assets and Liabilities - The total assets at the end of the reporting period were ¥958,969,182.25, an increase of 56.56% from ¥612,521,085.55 at the end of the previous year[20]. - Total assets increased to CNY 958,969,182.25 as of June 30, 2020, compared to CNY 612,521,085.55 at the end of 2019, representing a growth of 56.5%[162]. - Total liabilities decreased to CNY 115,172,967.82 from CNY 147,858,081.63, a reduction of 22.1%[163]. - The company’s total liabilities at the end of the first half of 2020 were 507.3 million yuan, compared to 507.6 million yuan at the end of 2019, indicating a stable liability position[188]. Equity and Share Capital - The net assets attributable to shareholders increased by 74.64% to ¥807,612,664.22 from ¥462,455,650.58 at the end of the previous year[20]. - The total equity attributable to the parent company at the end of the first half of 2020 was 2,207 million yuan, compared to 2,436 million yuan at the end of 2019, representing a decrease of approximately 9.4%[186]. - The total capital reserve increased by 301,800,000 yuan during the reporting period[193]. - The registered capital of Jiangsu Jujie Microfiber Technology Group Co., Ltd. is CNY 99.47 million, with a total of 99.47 million shares issued, each with a par value of CNY 1[199]. Market and Business Strategy - The main business focus is on the research, production, and sales of ultra-fine composite fiber fabrics, with over 20 years of experience in the field[26]. - Major products include ultra-fine fiber finished products, imitation leather fabrics, functional fabrics, and cleanroom products, targeting high-end applications[27]. - The company has established long-term partnerships with international brands such as Decathlon, ZARA, C&A, H&M, and IKEA[32]. - The company utilizes a direct sales model primarily targeting foreign clients, leveraging trade shows and online marketing for customer acquisition[33]. - The company plans to enhance its product lines, focusing on the development of new products such as regenerated fiber double-sided fleece and antibacterial double-sided fleece[48]. - The company aims to expand its market presence by optimizing its existing market strategies and increasing cooperation with international brands[48]. Risks and Challenges - The company faces risks including high customer concentration, financial risks, and potential impacts from public emergencies[5]. - The company has maintained a high customer concentration risk, with sales to Decathlon accounting for 71.74% of total revenue in 2019, highlighting the potential impact on profitability if this relationship changes[81]. - The COVID-19 pandemic has impacted the company's operations, leading to a risk of performance decline, particularly in export business to Europe[85]. - The company is facing financial risks due to potential increases in labor costs and the tight labor market in the textile industry[81]. Research and Development - Research and development investment amounted to ¥8,484,360.11, a decrease of 16.35% compared to the previous year[49]. - The company has allocated resources for research and development to enhance its technological capabilities[194]. - The company is committed to strengthening technological innovation and increasing R&D investment to address financial risks and ensure continued high-tech enterprise certification[82]. Environmental Compliance - The company has achieved compliance with wastewater, waste gas, and solid waste discharge standards, but faces environmental protection pressures due to nearby communities[84]. - The company has established a wastewater treatment plant and waste gas collection facilities to effectively handle wastewater and waste gas generated from production[119]. - The company’s wastewater discharge meets the standards set by GB 4287-2012, ensuring compliance with textile dyeing and finishing industry pollution discharge standards[122]. Financial Management - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[73][74][75]. - The company has not made any significant equity investments during the reporting period[60]. - The company has not sold any significant assets or equity during the reporting period[76][77]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 15,230[142]. - The largest shareholder, Suzhou Jujie Investment Co., Ltd., holds 51.60% of the shares, totaling 51,331,000 shares[143]. - The company did not engage in any repurchase transactions during the reporting period[144].