Financial Performance - The company's operating revenue for the first half of 2021 was ¥160,938,066.94, representing a 99.10% increase compared to ¥80,834,011.09 in the same period last year[20]. - Net profit attributable to shareholders reached ¥49,046,123.53, a significant increase of 106.44% year-on-year[30]. - The net profit after deducting non-recurring gains and losses was ¥42,514,201.31, up 88.80% from the previous year[30]. - The basic and diluted earnings per share were both ¥0.5331, reflecting a growth of 34.62%[30]. - The total assets at the end of the reporting period were ¥754,256,878.97, an increase of 1.68% from the end of the previous year[30]. - The net assets attributable to shareholders decreased to ¥696,665,084.07, down 1.55% compared to the previous year[30]. - The company reported a net cash flow from operating activities of ¥25,394,598.90, a decrease of 20.90% year-on-year[30]. - The company reported a total of RMB 9,531,320.67 in payable employee compensation, up from RMB 7,506,049.41, indicating an increase of about 27%[171]. - The total operating revenue for the first half of 2021 was CNY 160,938,066.94, a significant increase of 99.0% compared to CNY 80,834,011.09 in the first half of 2020[177]. - The total operating costs for the first half of 2021 were CNY 110,079,515.11, up 105.5% from CNY 53,651,428.06 in the same period last year[177]. - The net profit for the first half of 2021 reached CNY 49,046,123.53, representing a 106.5% increase from CNY 23,758,245.63 in the first half of 2020[179]. Market Position and Strategy - The company is focused on expanding its market presence and developing new products in the powder metallurgy sector, which has a raw material utilization rate of up to 95%[10]. - The company has established long-term stable business relationships with global enterprises such as Stanley Black & Decker and Bosch[31]. - The company focuses on the research, development, production, and sales of customized powder metallurgy components for various industries[30]. - The company plans to deepen its collaboration with key clients and expand its new product orders, particularly in MIM components, to strengthen its market position[67]. - The company is actively seeking to expand into the soft magnetic products market for new energy vehicles and is accelerating its efforts in the MIM product market[104]. - The company has established stable partnerships with multiple external processing suppliers to reduce manufacturing costs and improve resource allocation[44]. Research and Development - The company's R&D expenses totaled ¥6,032,349.98, reflecting a 54.67% increase from ¥3,900,050.62 in the previous year, indicating a strong commitment to innovation[82]. - The company has accumulated a total of 47 patents, including 1 invention patent and 3 utility model patents added during the reporting period, showcasing its strong R&D capabilities[78]. - The company plans to enhance its research and development efforts in new technologies[200]. Risks and Challenges - The company emphasizes that future operational plans and targets do not constitute profit forecasts and are subject to market conditions, highlighting potential risks[6]. - The company has outlined potential risks and countermeasures in its management discussion, providing insights into its strategic planning[6]. - The company faced risks from rising raw material prices, particularly for copper and iron, which have pressured product costs; measures such as increasing product prices have been implemented to mitigate this impact[108]. - The company is at risk of losing its high-tech enterprise status, which provides a 15% preferential tax rate; it is currently applying for re-certification[109]. - The company has been affected by the COVID-19 outbreak in Yangzhou, which has impacted production and operational activities, with ongoing uncertainty regarding the situation[107]. Corporate Governance and Compliance - The company has not made any retrospective adjustments or restatements to previous years' accounting data, ensuring the integrity of its financial reporting[20]. - The company has established a dedicated investor relations contact, ensuring transparency and communication with stakeholders[16]. - The company has implemented a governance structure in compliance with relevant laws and regulations, enhancing decision-making fairness and ensuring sustainable operations[121]. - The company has not engaged in any significant related party transactions during the reporting period[132]. - The company has not experienced any administrative penalties related to environmental issues during the reporting period[120]. Shareholder Information - The company’s legal representative is Zhou Guangrong, who also serves as the controlling shareholder[10]. - Major shareholders include Zhou Guangrong with 43.00% (65.36 million shares) and Xu Xiaoyu with 12.50% (19 million shares)[155]. - The shareholder structure indicates a significant concentration, with the top three shareholders holding over 63.50% of the total shares[155]. - The company did not distribute cash dividends or bonus shares for the current year, nor did it convert capital reserves into share capital[118]. - The company distributed cash dividends of RMB 7.50 per 10 shares, totaling RMB 60 million (including tax) to all shareholders[150]. Investment and Financial Management - The company has committed to invest RMB 181.14 million in a new powder metallurgy component project, with 39.06% of the investment completed by the end of the reporting period[99]. - The total amount of raised funds is RMB 344 million, with RMB 11.99 million invested during the reporting period and a cumulative investment of RMB 81.34 million[95]. - The company plans to use up to RMB 250 million of temporarily idle raised funds for cash management, with a focus on safe and liquid investment products[97]. - The company reported a foreign exchange loss of RMB 1.825 million due to fluctuations in the USD exchange rate, which increased financial expenses significantly[106]. - The company reported a comprehensive income of CNY 49,046,123.50 for the current period[194]. Operational Efficiency - The company has a strong rapid response advantage due to its flexible management structure and quality control systems, enabling it to meet stringent supply demands from international clients[48]. - The company has maintained stable cooperation with mold suppliers, ensuring a reliable supply chain for customized product production[43]. - The company has strengthened its management capabilities by hiring influential talents in the powder metallurgy industry, significantly enhancing operational efficiency[77].

扬州海昌新材股份有限公司 2021 年第一季度报告 扬州海昌新材股份有限公司 2021 年第一季度报告 公告编号：2021-016 2021 年 4 月 1 扬州海昌新材股份有限公司 2021 年第一季度报告 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人周光荣、主管会计工作负责人许卫红及会计机构负责人(会计主管人员)许卫 红声明：保证季度报告中财务报表的真实、准确、完整。 2 扬州海昌新材股份有限公司 2021 年第一季度报告 第二节 公司基本情况 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 70,680,421.39 | 32,009,705.91 | 120.81% | | 归属于上市公司股东的净利润（元） | 24,092,179.59 | 9, ...

Financial Performance - The company's operating revenue for 2020 was ¥216,351,032.22, representing an 18.55% increase compared to ¥182,504,273.29 in 2019 [19]. - The net profit attributable to shareholders for 2020 was ¥62,626,061.05, a 5.14% increase from ¥59,564,081.13 in 2019 [19]. - The net profit after deducting non-recurring gains and losses was ¥55,886,910.27, up 8.48% from ¥51,519,189.04 in 2019 [19]. - The total assets at the end of 2020 reached ¥741,768,799.03, a significant increase of 120.26% from ¥336,769,699.51 at the end of 2019 [19]. - The net assets attributable to shareholders increased by 135.10% to ¥707,618,960.54 from ¥300,991,232.21 in 2019 [19]. - The basic earnings per share for 2020 was ¥0.96, a decrease of 3.02% from ¥0.99 in 2019 [19]. - The company reported a decrease in net cash flow from operating activities, which was ¥46,988,301.48, down 36.83% from ¥74,381,034.37 in 2019 [19]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year [145]. Dividends and Shareholder Returns - The company reported a cash dividend of 7.5 RMB per 10 shares (including tax) and a stock bonus of 9 shares per 10 shares based on a total of 80 million shares [7]. - The company plans to distribute cash dividends of 7.50 RMB per 10 shares, totaling 60,000,000 RMB, based on a total share capital of 80,000,000 shares [127]. - In 2020, the company distributed cash dividends amounting to 60,000,000.00, which represents 95.81% of the net profit attributable to ordinary shareholders [132]. - In 2019, the company did not distribute any cash dividends, with a net profit attributable to ordinary shareholders of 59,564,081.13 [132]. - The company has not distributed any stock dividends in the past three years, focusing solely on cash dividends [130]. Market Position and Strategy - The company’s future development strategy includes expanding its market presence and enhancing its product offerings through new technologies and product innovations [7]. - The company is focused on developing new products and technologies to meet market demands and improve competitiveness in the powder metallurgy sector [7]. - The company has established a strong relationship with major international partners, including Stanley Black & Decker and Bosch Group, enhancing its market reach [11]. - The company has established long-term partnerships with major international firms such as Stanley Black & Decker and Bosch, enhancing its market position in the powder metallurgy sector [26]. - The company has maintained stable revenue growth, with significant demand from global electric tool giants like Stanley Black & Decker, Bosch Group, and TTI, leading to a revenue increase in 2020 [39]. - The company aims to enhance its market share by deepening market exploration and responding quickly to customer needs [117]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025 [136]. Research and Development - The company is focused on enhancing its competitive edge through various forms of collaboration within the industry, adapting to market challenges [49]. - Research and development expenses increased by 3.42% year-over-year, emphasizing the company's commitment to innovation [68]. - The company engaged in multiple academic collaborations to enhance its R&D capabilities, including projects with Jiangsu University and Central South University [68]. - The company aims to enhance its R&D capabilities by investing in a new powder metallurgy materials application R&D center [118]. - Investment in R&D for new technologies increased by 25%, totaling 300 million yuan in 2020 [136]. Operational Efficiency - The company emphasizes a high raw material utilization rate of 95% in its powder metallurgy production process, which contributes to lower manufacturing costs and high product precision [12]. - The company has a rapid response advantage due to its flexible management and quality control systems, enabling it to meet stringent supply demands from international clients [40]. - The company has maintained a cost advantage compared to developed countries, which helped secure international orders and boost overseas sales revenue [63]. - The company focused on quality management and cost control, optimizing supply chain management to reduce procurement costs [69]. Compliance and Governance - The company’s financial report assures the accuracy and completeness of the financial data presented, with key financial indicators discussed in detail in the report [6]. - The company’s board of directors has fully attended the meeting to review the annual report, ensuring governance and accountability [6]. - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period [133]. - The company has established strict compliance with relevant laws and regulations regarding shareholding and reduction commitments [135]. Challenges and Risks - The company has recognized the potential risks from international trade disputes, particularly with the U.S., which could impact its export business [122]. - The company successfully navigated the challenges posed by the COVID-19 pandemic, maintaining revenue growth throughout 2020 [124]. Share Structure and Capital Management - The total number of shares increased from 60,000,000 to 80,000,000, reflecting a 33.33% increase in share capital [185]. - Major shareholder Zhou Guangrong holds 43.00% of the shares, amounting to 34,400,000 shares [188]. - The company has received approval from the China Securities Regulatory Commission for the issuance of shares, indicating compliance with regulatory requirements [184]. - The company has no plans for share buybacks or other significant changes in shareholder structure at this time [182].

Financial Performance - Operating revenue for the current period was CNY 67,171,764.98, representing a 41.58% increase year-on-year[8] - Net profit attributable to shareholders for the current period was CNY 19,072,256.25, an increase of 13.76% year-on-year[8] - Basic earnings per share decreased by 14.29% to CNY 0.24[8] - Weighted average return on equity decreased by 33.65% to 3.50%[8] - The company's total revenue for the third quarter of 2020 was CNY 67,171,764.98, up from CNY 47,444,628.46 in the same period of 2019, representing a year-over-year increase of about 41.6%[42][44] - The net profit for the third quarter of 2020 was CNY 19,072,256.25, compared to CNY 16,765,969.40 in the third quarter of 2019, indicating a growth of approximately 13.8%[44] - Net profit for the period was ¥42,830,501.88, a decrease of 6.0% from ¥45,670,963.49 in the previous period[49] - Basic and diluted earnings per share were both ¥0.54, down from ¥0.76 in the previous period[50] Assets and Liabilities - Total assets increased by 115.69% to CNY 726,376,452.90 compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 128.52% to CNY 687,823,401.37 compared to the end of the previous year[8] - The total liabilities as of September 30, 2020, were CNY 38,553,051.53, slightly up from CNY 35,778,467.30 at the end of 2019, showing a growth of approximately 7.8%[41] - The company's equity attributable to shareholders reached CNY 687,823,401.37 as of September 30, 2020, compared to CNY 300,991,232.21 at the end of 2019, reflecting an increase of about 128.5%[42] Cash Flow - Net cash flow from operating activities decreased by 88.06% to CNY 2,034,976.81 compared to the same period last year[8] - Net cash flow from operating activities decreased by ¥18.49 million, a decline of 35.13%, mainly due to a decrease in cash received from sales of goods and services[19] - Net cash flow from investing activities decreased by ¥62.98 million, a decline of 41.39%, mainly due to increased cash paid for investments[19] - Net cash flow from financing activities increased by ¥345.47 million, a growth of 28,433.76%, primarily due to funds raised from the IPO[19] - The company raised a total of ¥379.4 million from the IPO, with a net amount of ¥344.00 million after deducting issuance costs[20] - The net cash flow from operating activities for Q3 2020 was ¥34,140,256.13, a decrease of 35% compared to ¥52,632,762.83 in Q3 2019[53] - The total cash inflow from investment activities was ¥40,857,928.46, down from ¥61,496,569.25 in the previous year, resulting in a net cash outflow of ¥48,307,628.04 for investment activities[54] - The company raised ¥351,142,000.00 from financing activities, leading to a net cash flow of ¥344,255,219.13 after accounting for cash outflows[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,559[12] - The largest shareholder, Zhou Guangrong, holds 43.00% of the shares, totaling 34,400,000 shares[12] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,791,978.79 for the year-to-date[9] - Cash and cash equivalents increased by ¥328.98 million, a growth of 303.99%, mainly due to funds raised from the IPO[17] - Accounts receivable increased by ¥22.12 million, a growth of 42.89%, primarily due to increased operating revenue[17] - Other receivables increased by ¥1.85 million, a growth of 240.10%, mainly due to an increase in export tax rebates[17] - Deferred tax assets increased by ¥0.32 million, a growth of 45.26%, primarily due to an increase in impairment provisions[17] - Operating costs for the third quarter of 2020 were CNY 44,291,359.11, compared to CNY 29,457,585.16 in the same quarter of 2019, representing an increase of approximately 50.3%[44] - Research and development expenses for the third quarter of 2020 were CNY 2,065,396.16, up from CNY 1,744,084.72 in the same period of 2019, indicating a growth of about 18.4%[44] - The company reported a financial expense of CNY 2,152,058.28 for the third quarter of 2020, compared to a financial income of CNY 1,616,133.18 in the same quarter of 2019, reflecting a significant change in financial performance[44] - The company experienced a credit impairment loss of ¥-1,172,448.62, compared to a gain of ¥559,079.13 in the previous period[49] - The total comprehensive income attributable to the parent company was ¥42,830,501.88, down from ¥45,670,963.49 in the previous period[50] Compliance and Standards - The company did not report any non-compliance with external guarantees or commitments during the reporting period[32][33] - The company did not undergo an audit for the Q3 2020 report, indicating that the figures presented are unaudited[56] - The company did not apply new revenue and leasing standards for the financial statements starting in 2020, as indicated in the report[55]