Financial Performance - The company's operating revenue for Q1 2021 was CNY 319,241,454.53, representing a 51.99% increase compared to CNY 210,039,093.78 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2021 was CNY 44,590,142.64, an increase of 81.25% from CNY 24,601,796.94 year-on-year[7]. - Basic earnings per share for Q1 2021 were CNY 0.11, up 37.50% from CNY 0.08 in the same period last year[7]. - The total comprehensive income for the first quarter was CNY 28,417,529.50, compared to CNY 21,241,198.37 in the same period last year, representing an increase of approximately 34.5%[63]. - The company reported a total profit of ¥53,807,799.76 for the quarter, up from ¥28,623,480.44, indicating a growth of about 88.0%[58]. Cash Flow - The net cash flow from operating activities reached CNY 76,349,848.31, a significant increase of 2,948.19% compared to CNY 2,504,757.40 in the previous year[7]. - The company's cash flow from operating activities increased by 88.03% to CNY 273.77 million, primarily due to higher cash receipts from sales[23]. - Cash inflow from operating activities amounted to CNY 273,770,409.81, significantly higher than CNY 145,596,899.20 in the previous year, indicating an increase of about 87.8%[64]. - The company's cash flow from operating activities showed a significant improvement, with a net increase of CNY 67,271,878.23 compared to a net outflow of CNY -6,091,413.37 in the previous year[69]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,506,282,828.38, an increase of 8.25% from CNY 1,391,466,845.73 at the end of the previous year[7]. - Total liabilities increased to CNY 321,474,007.75 from CNY 250,700,004.46, which is an increase of about 28.23%[50]. - The company's equity attributable to shareholders rose to CNY 1,184,808,820.63 from CNY 1,140,766,841.27, indicating an increase of approximately 3.86%[51]. - Current assets totaled CNY 821,148,808.03, up from CNY 776,903,913.72, indicating a rise of about 5.67%[48]. Investments and Projects - The company invested CNY 69.57 million in fixed assets and construction projects, a 227.52% increase compared to CNY 21.24 million in the previous year[23]. - The project for 80,000 tons/year of plastic-grade titanium dioxide has achieved a progress rate of 55.96%[40]. - The circular economy technology transformation project has a progress rate of 15.67%[40]. - The R&D center construction project has a progress rate of 2.21%[40]. Shareholder Commitments and Governance - The actual controller and shareholders of the company have committed to not transferring or entrusting the management of their shares for 36 months from the date of listing[30]. - The company has a commitment that if the stock price falls below the issue price for 20 consecutive trading days, the lock-up period will automatically extend for 6 months[30]. - The company plans to repurchase shares in accordance with the relevant laws and regulations to stabilize the stock price[31]. - The actual controllers have committed to use no less than 20% of the cash dividends received from the company for share buybacks to stabilize the stock price[31]. Related Party Transactions and Compliance - The company has pledged to reduce and regulate related party transactions to protect shareholder interests, ensuring independence in business operations, assets, personnel, and finances[33]. - The commitments made by the actual controller regarding competition and related party transactions are valid and enforceable during their tenure as shareholders[33]. - The company will take legal responsibility for the authenticity, accuracy, completeness, and timeliness of the IPO prospectus[33]. Future Plans and Strategies - The company plans to enhance production management capabilities and expand market share through ongoing technological upgrades and investment projects[25]. - The company is committed to enhancing its investment in core business operations to boost sales revenue and increase immediate net profit, thereby mitigating the risk of diluted returns[36]. - The company aims to improve operational efficiency by optimizing management processes and enhancing employee training[36]. - The company will actively seek industry collaboration opportunities to expand product capacity and market influence[36].

Financial Performance - The company reported a total revenue of RMB 400 million for the year 2020, representing a year-on-year increase of 15% compared to 2019[11]. - The net profit attributable to shareholders was RMB 50 million, which is a 20% increase from the previous year[11]. - The company's operating revenue for 2020 was approximately ¥954.75 million, a decrease of 4.73% compared to ¥1,002.16 million in 2019[16]. - The net profit attributable to shareholders for 2020 was approximately ¥89.13 million, down 9.17% from ¥98.12 million in 2019[16]. - The company reported a basic earnings per share of ¥0.27 for 2020, a decrease of 18.18% from ¥0.33 in 2019[16]. - The weighted average return on equity for 2020 was 10.44%, down from 14.37% in 2019[16]. - The company's total operating revenue for 2020 was approximately ¥954.75 million, a decrease of 4.73% compared to ¥1,002.16 million in 2019[62]. - The main product, rutile titanium dioxide, accounted for 77.60% of total revenue, generating approximately ¥740.84 million, down 0.73% from the previous year[63]. - The gross profit margin for the industrial sector was 19.99%, reflecting a decrease of 3.11% year-on-year[65]. - The company reported a net profit attributable to shareholders of 89,129,940.82 yuan for 2020, with a legal surplus reserve of 6,832,439.16 yuan deducted, resulting in a distributable profit of 310,568,374.44 yuan[122]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.75 per 10 shares, totaling RMB 30 million, based on 400 million shares outstanding[4]. - A cash dividend of 0.75 yuan per 10 shares (including tax) is proposed, totaling 30,000,000 yuan, which represents 33.66% of the net profit attributable to shareholders[124]. - The cash dividend payout ratio for 2020 is 100% of the distributable profit, indicating a complete distribution of available profits[121]. - The company did not distribute any dividends in 2019, maintaining a focus on reinvestment and future growth[125]. - The company’s total cash dividend in 2020 was 30,000,000 yuan, consistent with previous years' distributions despite fluctuations in net profit[125]. Production and Capacity Expansion - The company is focusing on expanding its production capacity for titanium dioxide, aiming for a 25% increase in output by the end of 2021[11]. - The company has invested RMB 20 million in research and development for new titanium products, targeting a market share increase of 10% in the next two years[11]. - The company has a production capacity of 50,000 tons for rutile titanium dioxide and 15,000 tons for anatase titanium dioxide[26]. - The first phase of the 80,000 tons/year plastic-grade rutile titanium dioxide post-treatment expansion project has completed trial production and reached capacity[26]. - The company produced 69,278.85 tons of titanium dioxide in 2020, a 7.80% increase from 64,265.93 tons in 2019[67]. - The company plans to invest in a technical transformation project to increase the capacity of sulfuric acid method rutile titanium dioxide from 50,000 tons/year to 80,000 tons/year, adding 30,000 tons of new capacity[192]. Market and Demand - The company anticipates a growth rate of 10% in the titanium dioxide market for 2021, driven by increased demand in the coatings and plastics industries[11]. - The domestic titanium dioxide market is benefiting from increased demand in various sectors, including electronics and automotive, expanding beyond traditional applications[32]. - The global titanium dioxide industry is expected to maintain stable growth, with production capacity increasing and supply-demand balance improving[106]. - The company is focusing on enhancing risk management capabilities to navigate uncertainties in the global economy and the impact of the COVID-19 pandemic[105]. Research and Development - The company has invested RMB 20 million in research and development for new titanium products, targeting a market share increase of 10% in the next two years[11]. - New product development initiatives are underway, with an investment of 200 million RMB allocated for R&D in advanced titanium materials[127]. - The company is actively involved in the research and development of new technologies and products to enhance its market position[98]. - The company has established a new partnership with a leading research institution to enhance innovation in titanium applications[127]. Risk Management - The company has identified key risks including fluctuating raw material prices and regulatory changes, and has developed strategies to mitigate these risks[4]. - The company faces operational risks from significant price fluctuations in titanium dioxide, which directly impact revenue and profit levels[108]. - The supply and price volatility of titanium concentrate, the main raw material for titanium dioxide production, poses a risk to production capacity and profitability[109]. - The company is enhancing its market analysis and communication with clients to better understand downstream demand and adjust production strategies accordingly[108]. Environmental and Social Responsibility - The company emphasizes environmental protection and has been recognized as a clean production enterprise by the Guangdong Provincial Clean Production Association[54]. - The company is committed to social responsibility by promoting resource recycling and reducing pollution emissions, while also contributing to local community development[159]. - The company has established a comprehensive safety management system to ensure safe production practices[160]. - The company conducted emergency drills for environmental incidents in 2020 to improve its ability to handle sudden environmental accidents[182]. - The company has maintained compliance with environmental regulations, ensuring no significant pollution incidents occurred during the reporting period[113]. Financial Management and Fund Utilization - The company raised a total of RMB 364 million from the public offering of 100 million shares at a price of RMB 3.64 per share, with a net amount of RMB 324.4 million after deducting issuance costs[185]. - The company plans to use up to RMB 200 million of idle raised funds and RMB 100 million of self-owned funds for cash management within 12 months[188]. - The company has established three special accounts for managing raised funds at various banks to ensure proper usage[92]. - The company’s financial management system is in compliance with relevant laws and regulations to protect investor interests[91]. Corporate Governance - The company has established a comprehensive governance structure to protect the rights of shareholders and investors, including a board of directors and supervisory board[55]. - The independent directors have expressed clear agreement with the proposed profit distribution plan, indicating strong governance support[122]. - The actual controller and major shareholders promised that the company's IPO prospectus does not contain false records, misleading statements, or major omissions, and they will bear legal responsibility for its authenticity and accuracy[131].

广东惠云钛业股份有限公司 2020 年第三季度报告全文 广东惠云钛业股份有限公司 2020 年第三季度报告 2020-016 2020 年 10 月 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。 1 广东惠云钛业股份有限公司 2020 年第三季度报告全文 第一节 重要提示 广东惠云钛业股份有限公司 2020 年第三季度报告全文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 1,372,804,287.04 | | 991,299,331.49 | 38.49% | | 归属于上市公司股东的净资产 （元） | 1,116,156,605.29 | | 728,135,954.02 | 53.29% | | | 本报告期 | 本报告期比上年同 | 年初至报告期末 | ...