Financial Performance - Operating income decreased by 14.05% to CNY 193,210,514.90 for the reporting period[8] - Net profit attributable to shareholders decreased by 25.44% to CNY 25,138,068.37 for the reporting period[8] - Basic earnings per share decreased by 39.00% to CNY 0.2429[8] - The weighted average return on net assets decreased by 4.93% to 2.14% for the reporting period[8] - Total operating revenue for Q3 2020 was CNY 193,210,514.90, a decrease of 13.9% compared to CNY 224,807,149.60 in the same period last year[42] - Net profit for Q3 2020 was CNY 25,138,068.37, representing a decline of 25.5% from CNY 33,713,701.40 in Q3 2019[46] - The total operating income for the year-to-date period was ¥761,564,555.78, down 4.3% from ¥795,820,956.93 in the previous year[52] - The company reported a total profit of ¥28,709,203.40 for Q3 2020, compared to ¥2,955,415.04 in the same quarter last year, an increase of 871.5%[49] Assets and Liabilities - Total assets increased by 60.40% to CNY 1,637,546,015.44 compared to the end of the previous year[8] - The company's total assets reached CNY 1,191,027,130.17, significantly up from CNY 490,844,638.48 year-on-year[41] - The total liabilities decreased to CNY 207,235,989.60 from CNY 475,836,001.59, a decline of about 56.4%[34] - The company's total liabilities were reported at CNY 259,580,876.42, with current liabilities making up the majority[80] - The total liabilities and equity combined reached CNY 1,020,911,892.42, demonstrating a balanced financial structure[75] Shareholder Information - Net assets attributable to shareholders increased by 162.41% to CNY 1,430,310,025.84[8] - The total number of ordinary shareholders at the end of the reporting period was 19,675[11] - The largest shareholder, Nanjing Kesi Investment Development Co., Ltd., holds 52.18% of the shares[11] - The company plans to distribute cash dividends of ¥1.50 per share, totaling ¥16,932,000.00, based on a total share capital of 112,880,000 shares[21] Cash Flow - Net cash flow from operating activities increased by 220.07% to CNY 20,541,778.25 for the reporting period[8] - The company reported a net cash inflow from operating activities of ¥191,269,620.27, a 243.59% increase compared to the previous period[19] - Cash and cash equivalents increased by 112.57% to ¥192,300,947.92 due to increased cash flow from operating and financing activities[17] - The cash flow from operating activities for the current period is ¥191,269,620.27, a notable increase from ¥55,668,774.00 in the previous period[62] - Cash inflow from financing activities reached 902,469,817.36 CNY, compared to 126,949,134.90 CNY in the previous year, showing a substantial increase[66] Investment Activities - The company’s investment activities resulted in a net cash outflow of ¥617,163,777.06, a 1202.56% increase compared to the previous period[19] - The company reported cash inflow from investment activities of ¥355,491,279.99, compared to ¥17,065,605.64 in the previous period, indicating a significant increase in investment returns[64] - The company has reported a significant increase in investment income, reaching ¥90,732,249.02 compared to ¥9,516,914.56 in the previous period, highlighting improved investment performance[57] Research and Development - Research and development expenses for Q3 2020 were CNY 8,573,308.88, slightly up from CNY 8,072,875.07 in the previous year[44] - Research and development expenses for the year-to-date period were ¥28,334,561.33, an increase of 12.1% compared to ¥25,295,442.36 last year[52] - The company has increased its research and development expenses, with management expenses rising to ¥21,372,808.27 from ¥15,058,071.31 in the previous period, indicating a focus on innovation[57] Government Support - The company received government subsidies amounting to CNY 5,082,564.25 during the reporting period[10] Miscellaneous - The company has not reported any non-operational fund occupation by controlling shareholders or related parties during the reporting period[25] - The company has not conducted an audit for the Q3 report, which may affect investor confidence[82] - The company has adopted new revenue and leasing standards starting in 2020, necessitating adjustments to the financial statements[68]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥568,354,040.88, a decrease of 0.47% compared to the same period last year[22]. - The net profit attributable to shareholders was ¥93,567,769.32, representing a 37.88% increase year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥94,358,327.51, up 40.19% from the previous year[22]. - Basic earnings per share were ¥1.1052, reflecting a 37.87% increase year-on-year[22]. - The total operating revenue for the first half of 2020 was CNY 568,354,040.88, a decrease of 0.3% compared to CNY 571,013,807.33 in the same period of 2019[161]. - Net profit for the first half of 2020 was CNY 93,567,769.32, representing an increase of 37.9% compared to CNY 67,860,414.44 in the previous year[163]. - The company reported a total profit of CNY 96,471,964.72, compared to CNY 5,050,266.25 in the first half of 2019, marking an increase of around 1,810%[171]. Cash Flow and Assets - The net cash flow from operating activities was ¥170,727,842.02, an increase of 134.59% compared to the same period last year[22]. - The company's cash and cash equivalents increased by 35.45% compared to the beginning of the period, mainly due to an increase in net cash received from operating activities[37]. - The company's cash and cash equivalents increased to ¥122,531,442.16, representing 12.21% of total assets, up from 6.21% in the previous year, indicating a significant improvement in cash flow[55]. - The total current assets as of June 30, 2020, amounted to CNY 122,531,442.16, an increase from CNY 90,464,642.02 as of December 31, 2019[147]. - The company's cash and cash equivalents increased from CNY 74,001,400.98 to CNY 96,608,507.50, an increase of about 30.8%[154]. - The ending balance of cash and cash equivalents was 96,538,506.92 CNY, compared to 41,032,545.83 CNY at the end of the previous period[179]. Shareholder Information - The company reported a cash dividend of 1.5 RMB per 10 shares, totaling approximately 16.93 million RMB for all shareholders[5]. - The total number of shares used for the dividend calculation is 112,880,000 shares[5]. - The company has a total of 84,660,000 shares, with 100% being limited shares[123]. - The company reported a total of 58,900,000 shares held by the largest shareholder, Kesi Investment, representing 69.57% ownership[126]. - The second-largest shareholder, Zhou Jiuqing, holds 5,500,000 shares, accounting for 6.50% of total shares[126]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[5]. - The company has outlined potential risks and corresponding countermeasures in its report[5]. - The company faces risks from exchange rate fluctuations, particularly as a significant portion of export revenue is denominated in USD and EUR[75]. - The company has implemented measures to mitigate risks from raw material price fluctuations, including production process upgrades and new product development[74]. - Environmental protection measures are in place, but the company may face risks if stricter regulations are introduced or if waste management systems fail[76]. Operational Structure - The company has a total of five wholly-owned subsidiaries, indicating a diversified operational structure[12]. - The company’s main business involves the R&D, production, and sales of daily chemical raw materials, including sunscreen agents and synthetic fragrances[33]. - The company maintains a strong competitive position in the sunscreen market, being one of the main manufacturers globally[39]. - The company has established stable partnerships with major multinational cosmetic companies, including Procter & Gamble and L'Oréal[35]. Compliance and Governance - The board of directors has confirmed the accuracy and completeness of the financial report[4]. - The financial report is prepared in accordance with relevant regulations and standards[4]. - The report is part of the company's commitment to transparency and accountability to its investors[4]. - The company has not experienced any major litigation or arbitration matters during the reporting period[89]. - There were no significant penalties or rectification situations reported during the period[91]. Research and Development - Research and development investment rose by 14.74% to CNY 19.76 million, reflecting the company's commitment to innovation[49]. - The company established over 120 patents, including 22 product invention patents, enhancing its technological capabilities[45]. - The company emphasizes technological innovation and quality management as key drivers for its development[36]. Environmental Compliance - The company has maintained compliance with environmental regulations, with no incidents of exceeding discharge limits or environmental accidents reported[114]. - The company’s major pollutant emissions include VOCs, with a total discharge of 6.12 tons, which is within the regulatory limits[110]. - The company has implemented upgrades to its VOCs collection and treatment systems, ensuring compliance with environmental standards[114].