Financial Performance - The company's operating revenue for 2021 was CNY 1,552,700,559.80, representing a 62.63% increase compared to CNY 954,745,074.83 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 196,976,609.86, a significant increase of 121.00% from CNY 89,129,940.82 in 2020[17]. - The net profit after deducting non-recurring gains and losses was CNY 204,251,191.58, up 135.52% from CNY 86,723,810.92 in 2020[17]. - The net cash flow from operating activities reached CNY 174,026,363.96, marking a 169.54% increase from CNY 64,563,871.52 in 2020[17]. - The total assets at the end of 2021 were CNY 1,820,473,149.97, a 30.83% increase from CNY 1,391,466,845.73 at the end of 2020[17]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,305,373,593.84, reflecting a 14.43% increase from CNY 1,140,766,841.27 at the end of 2020[17]. - The company reported a basic earnings per share of CNY 0.49 for 2021, an increase of 81.48% from CNY 0.27 in 2020[17]. - The weighted average return on equity for 2021 was 16.12%, up from 10.44% in 2020, indicating improved profitability[17]. - The company's operating revenue reached ¥1,550,026,192.56, representing a year-on-year increase of 63.12%[64]. - The gross profit margin improved to 23.62%, up by 3.63% compared to the previous year[64]. - The company's export revenue increased by 74.74% year-on-year, reaching CNY 483,480,421.24, while domestic sales grew by 57.69% to CNY 1,069,220,138.56[62]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders, based on a total of 400,000,000 shares[4]. - The cash dividend distribution accounted for 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers proposed[165]. - A cash dividend of 1 yuan per 10 shares (totaling 40,000,000 yuan) was proposed, representing 20.31% of the net profit attributable to shareholders[167]. - The company plans to retain undistributed profits for future distribution, considering its ongoing business development and funding needs[167]. Risk Management - The report emphasizes the importance of understanding the risks associated with future development strategies and operational plans, which are subject to market conditions[4]. - The company has outlined potential risk factors and countermeasures in the report, highlighting the need for investor awareness[4]. - The company faces risks from price volatility in the titanium dioxide market, which significantly impacts revenue and profit levels[107]. - The company relies on titanium concentrate as a key raw material, with potential supply risks from environmental policies affecting production in the Panxi region[107]. - The company is improving its management's sensitivity to foreign exchange market fluctuations to mitigate potential risks[111]. Production and Capacity - The production of titanium dioxide in China reached 3.79 million tons in 2021, an increase of 280,000 tons or 8.0% year-on-year[27]. - The company has an annual production capacity of 50,000 tons for rutile titanium dioxide and 30,000 tons for anatase titanium dioxide, with an additional 30,000 tons per year capacity from the first phase of the plastic-grade rutile titanium dioxide project[33]. - In 2021, the company achieved a titanium dioxide production volume of 82,300 tons, an increase of 18.75% year-on-year, and a sales volume of 81,200 tons, up 17.69% year-on-year[53]. - The company has officially commenced production of the first phase of the "80,000 tons/year plastic-grade rutile titanium dioxide post-processing expansion project," increasing production capacity by 30,000 tons and enhancing product structure and value-added[40]. Research and Development - The company holds 6 invention patents and 14 utility model patents, which enhance product quality and technological standards[51]. - The company has strengthened R&D efforts for titanium dioxide products, adjusting product structure to enhance market competitiveness[40]. - The company is in the trial production phase for several new products, including high-purity titanium dioxide ultrafine powder for various applications, aimed at enhancing market competitiveness[72]. - The company plans to continue investing in new technologies and products to strengthen its market position and meet future quality demands[72]. - Research and development expenses increased by 58.70% to ¥43,961,142.70, indicating a focus on innovation and product development[71]. Environmental Compliance - The company is committed to maintaining compliance with environmental regulations and standards[176]. - The company has zero financial reporting major defects and important defects[174]. - The company reported a total sulfur dioxide (SO2) emission of 22,788.58 kg, equivalent to 892.5 tons per annum from the calcination chimney[178]. - The company has ongoing construction projects, including a 30,000 tons/year titanium dioxide project and an 80,000 tons/year sulfuric acid titanium dioxide project, with normal production status reported[181]. - The company has obtained various environmental permits, including a national industrial product production license valid until December 29, 2024[183]. Governance and Management - The company has established a board of directors consisting of 9 members, including 3 independent directors, complying with legal and regulatory requirements[116]. - The company has a supervisory board with 3 supervisors, including 1 employee representative, ensuring compliance with laws and regulations[117]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a complete and independent business structure[119]. - The company has established a fair and transparent performance evaluation and incentive mechanism for its directors, supervisors, and senior management[121]. - The company has a complete and independent R&D, procurement, production, and sales system, capable of operating independently in the market[120]. Employee Management - The total number of employees at the end of the reporting period was 1,101, with 984 in the parent company and 117 in major subsidiaries[158]. - The company emphasizes a competitive and fair salary structure to attract and retain talent, aligning with its economic performance and sustainability principles[161]. - The training plan focuses on internal talent development and external recruitment to enhance the workforce's capabilities[162]. - The company plans to strengthen its talent acquisition strategy to support new technology and market breakthroughs[162]. Strategic Partnerships - The company aims to establish strategic partnerships with strong and reputable international market players to navigate complex market environments[104]. - The company has established stable partnerships with major titanium ore suppliers in the Panxi region to ensure a steady supply of titanium concentrate[108]. - The company is actively exploring import channels for titanium concentrate to mitigate supply risks and price increases in the market[108]. Future Outlook - The company plans to enhance its market share in the domestic titanium dioxide market, leveraging its marketing center in Guangzhou and international exhibitions[105]. - The company aims to strengthen its market position through strategic partnerships and potential acquisitions in the future[132]. - The company will increase investment in its main business to boost sales revenue and net profit[196].

广东惠云钛业股份有限公司 2021 年第三季度报告 证券代码：300891 证券简称：惠云钛业 公告编号：2021-076 广东惠云钛业股份有限公司 2021 年第三季度报告 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。 3.第三季度报告是否经过审计 □ 是 √ 否 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 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 426,621,390.76 | 76.20% | 1,151,088,180.08 | 72.6 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a 25% increase compared to the same period in 2020[15]. - The net profit attributable to shareholders for the first half of 2021 was RMB 80 million, which is a 30% increase year-on-year[15]. - The company's operating revenue for the current period is ¥724,466,789.32, representing a year-on-year increase of 70.65% compared to ¥424,545,409.77 in the same period last year[22]. - The net profit attributable to shareholders for the current period is ¥108,398,067.29, reflecting a significant increase of 132.38% from ¥46,647,268.39 in the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is ¥111,188,095.32, which is up 147.66% from ¥44,895,509.79 in the same period last year[22]. - The basic earnings per share for the current period is ¥0.270, which is a 68.75% increase compared to ¥0.160 in the same period last year[22]. - The total comprehensive income for the first half of 2021 was CNY 76,702,149.19, compared to CNY 40,150,613.38 in the same period of 2020, representing an increase of approximately 91%[175]. - The company reported a significant increase in accounts payable, which rose to CNY 108,445,114.75 from CNY 100,306,687.48, an increase of approximately 8.5%[162]. Research and Development - The company is focusing on research and development of new titanium products, aiming to launch at least two new products by the end of 2021[21]. - The company has a strong focus on the research and development of titanium dioxide products, which are widely used in various industries, indicating a commitment to innovation and market expansion[30]. - Research and development expenses increased by 72.51% to ¥21,509,739.72, reflecting the company's commitment to innovation[49]. - The company is focusing on the research and development of plastic-grade rutile titanium dioxide products, adjusting product structure to improve market competitiveness[40]. - The company holds 3 invention patents and 14 utility model patents, which significantly enhance product quality and technological capabilities[46]. Market Expansion and Strategy - The company plans to expand its production capacity by 15% in the next year to meet growing market demand for titanium dioxide products[21]. - The company is actively pursuing international market expansion, targeting Southeast Asia and Europe for new sales opportunities[21]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[21]. - The company has established stable cooperation with major titanium ore suppliers to ensure a steady supply of titanium concentrate, mitigating risks associated with supply and price fluctuations[79]. - The company emphasizes the importance of market analysis and communication with customers to adapt to fluctuations in titanium dioxide prices[78]. Environmental Management - The company has maintained normal operation of its environmental protection facilities, with pollutant emissions meeting standards, and has not faced significant safety or environmental accidents during the reporting period[82]. - The company has successfully maintained compliance with the industrial furnace air pollutant emission standards, ensuring environmental sustainability[99]. - The company has achieved ISO9001, ISO14001, and ISO45001 certifications, ensuring its product quality meets international advanced standards[108]. - The company has implemented environmental emergency response plans for its titanium dioxide production plants, which have been filed with the local ecological environment bureau[105]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[107]. Financial Management - The company has not declared any cash dividends or stock bonuses for the current fiscal year[5]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period[73][74]. - The company has not reported any changes in the use of raised funds or significant asset sales during the reporting period[70][74]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[113]. - The company has not issued any major guarantees during the reporting period[129]. Asset Management - The company's total assets at the end of the current period amount to ¥1,606,233,110.48, an increase of 15.43% from ¥1,391,466,845.73 at the end of the previous year[22]. - The total amount of raised funds is RMB 324,395,754.72, after deducting issuance costs of RMB 39,604,245.28 from the gross amount of RMB 364,000,000.00[60]. - The total restricted assets at the end of the reporting period amount to RMB 126,472,948.81, with specific restrictions on cash, receivables, fixed assets, and intangible assets[64]. - The company has three special accounts for managing raised funds, ensuring strict approval procedures for fund usage[63]. - The company has not reported any major lawsuits or arbitration matters during the reporting period[118]. Corporate Governance - The company held a board and supervisory committee election, appointing new senior management on May 25, 2021[136]. - Major shareholders include Zhong Zhengguang with 22.53% (90,115,000 shares), Chaoyang Investment Co., Ltd. with 22.19% (88,770,000 shares), and American Wanbang Co., Ltd. with 19.79% (79,165,000 shares)[146]. - The total number of ordinary shareholders at the end of the reporting period is 33,175[146]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[150]. - The company does not have any preferred shares or bonds issued during the reporting period[153][156].

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 | ...