证券代码：300910 证券简称：瑞丰新材 新乡市瑞丰新材料股份有限公司投资者关系活动记录表 编号：20220826 | --- | --- | --- | |-----------------------|---------------------------------------------------|------------------------------------------------------------| | 投资者关系活动 \n类别 | | 分析师会议 \n 业绩说明会 \n 路演活动 \n 其他：电话会议 | | | 广发证券：郭齐坤 | | | | 招商证券：曹承安 | | | 参与单位名称及 | 中信证券：赵芳芳 | | | 人员姓名 | 盘京投资：乔昱焱 | | | | 一瓢资本：黄晨逸 | | | | 同犇投资：蔡字宇 | | | 时间 | 2022年8月26 | | | 地点 | 现场调研 | | | | | | | 上市公司接待人 员姓名 | 董事会秘书、财务总监：尚庆春 证券事务代表：周闻轩 | | | | 一、公司 | 年半年度经营情况介绍 | | | 2022 ...

证券代码：300910 证券简称：瑞丰新材 新乡市瑞丰新材料股份有限公司投资者关系活动记录表 编号：20221020 | --- | --- | --- | |-----------------------|----------------------------------------------------------------------|--------------------------------------------------------------| | 投资者关系活动 \n类别 | 特定对象调研 \n媒体采访 \n 新闻发布会 \n现场参观 | 分析师会议 \n 业绩说明会 \n 路演活动 \n 其他：电话会议 | | 参与单位名称及 | 详见附件 | | | 人员姓名 | | | | 时间 | 2022年10月20 日 | | | 地点 | 电话会议 | | | 上市公司接待人 | 董事会秘书、财务总监：尚庆春 | | | 员姓名 | 证券事务代表：周闻轩 | | | | 一、公司 2022 年三季度经营情况介绍 2022 年前三季度，公司实现营业收入 | 20.42 亿元，同比增长 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥1,021,062,622.51, representing a 438.19% increase compared to the same period last year[6] - Net profit attributable to shareholders was ¥217,475,181.00, a significant increase of 588.17% year-over-year[6] - The net profit after deducting non-recurring gains and losses was ¥213,674,652.15, up 578.06% from the previous year[6] - The basic earnings per share (EPS) was ¥1.45, reflecting a 590.40% increase compared to the same quarter last year[6] - Operating revenue for the first three quarters of 2022 reached CNY 2,041,826,717.68, a 202.19% increase compared to CNY 675,667,396.38 in the same period of 2021[14] - Net profit for the current period reached ¥363,470,461.01, compared to ¥135,627,202.78 in the previous period, marking an increase of around 168.5%[36] - Basic earnings per share for the current period were ¥2.42, compared to ¥0.90 in the previous period, showing an increase of approximately 168.9%[39] Cash Flow - The company's cash flow from operating activities reached ¥429,113,166.90, showing a remarkable increase of 1,913.69% year-to-date[6] - Cash flow from operating activities totaled ¥2,400,126,251.09, significantly higher than ¥794,088,133.96 in the prior period, representing an increase of about 202.5%[40] - Net cash flow from operating activities was $429.11 million, an increase from $21.31 million[43] - Net cash flow from investing activities was -$734.63 million, compared to -$130.94 million in the previous period[43] - The ending balance of cash and cash equivalents was $681.33 million, down from $1.19 billion[43] - The company’s cash and cash equivalents decreased by $467.24 million, compared to a decrease of $233.52 million in the previous period[43] Assets and Liabilities - Total assets as of September 30, 2022, amounted to ¥3,219,444,396.56, a 30.98% increase from the end of the previous year[6] - The company's total equity attributable to shareholders increased to ¥2,475,198,994.24, a 14.70% rise from the previous year-end[6] - Total liabilities increased significantly, with other current liabilities rising to CNY 16,332,034.65, a 1,733.43% increase from CNY 890,791.66[14] - The total current liabilities increased to CNY 726,093,201.70 from CNY 299,617,452.50, indicating a significant rise in liabilities[29] - The company's capital reserve increased to CNY 1,603,195,767.82 from CNY 1,531,209,804.32, showing a growth of approximately 4.4%[32] Inventory and Receivables - The company reported a significant increase in inventory, which rose by 91.57% to ¥555,300,575.46, driven by business growth and supply chain challenges[11] - The company's inventory rose to CNY 555,300,575.46 from CNY 289,865,084.96, representing an increase of about 92%[27] - The company reported a significant increase in accounts receivable, which rose to CNY 209,094,451.77 from CNY 164,343,060.88, marking an increase of approximately 27%[27] Expenses and Financial Changes - Research and development expenses rose to CNY 73,353,505.19, marking an increase of 168.69% from CNY 27,299,918.87 in the same period last year[14] - The company’s tax expenses increased to CNY 51,635,730.98, reflecting a 164.83% rise from CNY 19,497,511.48 due to increased profits[14] - The company reported a tax expense of ¥51,635,730.98 for the current period, up from ¥19,497,511.48 in the previous period, indicating an increase of about 164.5%[36] - The company’s financial expenses showed a significant change, with a net gain of CNY -56,661,606.65, a 106.15% increase in gains compared to CNY -27,485,744.65 in the previous year[14] Shareholder Information - The top shareholder, Guo Chunxuan, holds 37.22% of the shares, totaling 55,833,133 shares[18] - The company has a total of 55,833,133 restricted shares held by a major shareholder, with no shares released during the reporting period[22] Regulatory and Strategic Developments - The company faced regulatory scrutiny as a senior executive was issued a warning for improper share reduction, involving a transaction of CNY 15,496,382[26] - The company plans to invest CNY 200 million in a new lubricating oil additive project, with the first phase of 60,000 tons already in production[25] Overall Growth and Market Strategy - The company has shown a strong growth trajectory in both revenue and profit metrics, indicating effective market strategies and operational efficiency[36]

Financial Performance - The company reported a total revenue of RMB 300 million for the first half of 2022, representing a year-on-year increase of 15%[21] - The gross profit margin for the first half of 2022 was 25%, compared to 22% in the same period last year, indicating improved profitability[21] - The company's operating revenue for the reporting period reached ¥1,020,764,095.17, representing a 110.06% increase compared to ¥485,944,049.06 in the same period last year[29] - Net profit attributable to shareholders was ¥146,128,470.07, up 40.47% from ¥104,025,316.78 year-on-year[29] - Basic earnings per share rose to ¥0.97, reflecting a 40.58% increase from ¥0.69 in the same period last year[29] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 110.36 million yuan, reflecting an 8.78% increase year-on-year[70] Research and Development - The company plans to invest RMB 50 million in research and development for new product lines in the upcoming year[21] - The company has strengthened its R&D capabilities, with the RF6188 gasoline engine oil compound passing all engine bench tests, meeting the highest quality standards[71] - The company is investing CNY 130 million to build a new R&D center, which will enhance its research capabilities[80] - The company has obtained 23 domestic invention patents, 3 utility model patents, and 3 foreign invention patents, with several more pending, showcasing its strong R&D capabilities[75] - As of June 30, 2022, the company has a R&D team of 125 personnel, including 6 senior engineers and 9 engineers, indicating a well-structured and experienced team[76] Market Expansion and Strategy - The company has outlined a future outlook with a revenue growth target of 10% for the second half of 2022[21] - New product launches are expected to contribute an additional RMB 30 million in revenue by the end of 2022[21] - The company is exploring market expansion opportunities in Southeast Asia, aiming for a 5% market share by 2025[21] - The company aims to target international markets and develop high-tech products as part of its corporate mission, indicating a strategic focus on global expansion[51] - The company has established strong partnerships with renowned lubricant manufacturers, enhancing its market presence[81] Environmental and Safety Management - The total wastewater discharge amounted to 65,741 tons, with COD discharge totaling 1.05 tons, ammonia nitrogen at 0.004 tons, total phosphorus at 0.01 tons, and total nitrogen at 0.004 tons[155] - The company reported no exceedance of emission standards for wastewater and air pollutants during the reporting period[155] - The company has established an online monitoring system for wastewater and air emissions, with real-time data uploaded to local environmental authorities[155] - The company has implemented energy management practices to reduce CO2 emissions, including the use of advanced energy-saving technologies and equipment[163] - The company has established a comprehensive safety management system, adhering to ISO certifications including ISO 9001, ISO 14001, ISO 45001, and ISO 50001[180] Corporate Governance and Shareholder Relations - The company has established a sound corporate governance structure and decision-making processes to protect the rights of shareholders and creditors[165] - The company emphasizes timely and accurate information disclosure, enhancing transparency and trust with investors through various communication channels[165] - The company has maintained a stable dividend policy, focusing on maximizing shareholder value through appropriate timing of dividends[168] - The company has committed to various promises regarding share repurchase and compensation responsibilities, ensuring compliance with regulations and maintaining investor confidence[187] - The company has a stock incentive plan that requires beneficiaries to return all benefits if any false statements or omissions are found in the information disclosure documents, effective until December 27, 2026[194] Employee Development and Welfare - The company conducted 3 internal and external training sessions during the reporting period, with over 350 participants, emphasizing employee development and skills enhancement[173] - The company has established a 21-level salary structure to broaden employee promotion channels, ensuring fair competition and performance-based salary adjustments[173] - The company has 967 employees, including 2 PhDs and 41 master's degree holders, reflecting a commitment to workforce development[177] - The company organizes various employee welfare activities, including birthday celebrations and seasonal events, to foster a positive work environment[173] - The company promotes a culture of energy conservation and resource-saving practices among employees, integrating these values into its corporate culture[177]

Financial Performance - The company's operating revenue for Q1 2022 was ¥396,296,314.31, representing a 60.65% increase compared to ¥246,685,994.38 in the same period last year[5] - The net profit attributable to shareholders decreased by 12.47% to ¥51,528,931.61 from ¥58,867,300.35 year-on-year[5] - The net profit after deducting non-recurring gains and losses dropped by 61.06% to ¥22,542,951.19 compared to ¥57,895,172.21 in the previous year[5] - The gross profit margin for Q1 2022 was approximately 8.4%, down from the previous year's margin[26] - The company's net profit for Q1 2022 was not explicitly stated, but the increase in revenue suggests a positive trend in profitability[26] - The company reported a total comprehensive income of CNY 51,514,748.38, down from CNY 58,867,300.35, reflecting a decline of 12.5%[30] - Basic earnings per share for the first quarter were CNY 0.34, compared to CNY 0.39 in the same period last year, representing a decrease of 12.8%[30] Cash Flow - The company's cash flow from operating activities was negative at -¥27,683,115.95, worsening by 110.04% from -¥13,179,652.72 in the same quarter last year[5] - The net cash flow from operating activities for Q1 2022 was -27,683,115.95 RMB, a decrease of 110.04% compared to -13,179,652.72 RMB in Q1 2021, primarily due to increased procurement costs and rising accounts receivable[11] - The net cash flow from investing activities decreased by 79.05%, from 134,777,737.60 RMB in Q1 2021 to 28,242,001.24 RMB in Q1 2022, attributed to increased long-term investments[11] - The cash inflow from investment activities was CNY 162,117,713.01, while cash outflow was CNY 133,875,711.77, resulting in a net cash inflow of CNY 28,242,001.24[33] - The cash and cash equivalents at the end of the period amounted to CNY 1,161,522,894.05, down from CNY 1,534,544,880.43 at the end of the previous year[35] Assets and Liabilities - Total assets increased by 7.00% to ¥2,629,880,465.37 from ¥2,457,893,505.96 at the end of the previous year[5] - The total liabilities increased to CNY 395,961,030.15 from CNY 299,957,162.61, representing a growth of 32%[23] - The company's equity attributable to shareholders rose to CNY 2,233,919,435.22, compared to CNY 2,157,936,343.35, an increase of 3.5%[25] Inventory and Accounts Receivable - The company's inventory rose by 34.59% to ¥390,126,390.51, attributed to rising raw material prices and supply chain challenges[7] - Accounts receivable increased to CNY 208,082,276.37 from CNY 164,343,060.88, reflecting a growth of 26.6%[21] - Inventory levels rose to CNY 390,126,390.51, compared to CNY 289,865,084.96, indicating a 34.5% increase[21] Research and Development - Research and development expenses surged by 189.36% to ¥20,425,162.17, reflecting increased investment in innovation[9] - Research and development expenses for Q1 2022 were CNY 20,425,162.17, significantly higher than CNY 7,058,683.49 in the previous year, reflecting a focus on innovation[26] Financing Activities - The net cash flow from financing activities increased significantly by 343.27%, from -5,461,702.01 RMB in Q1 2021 to 13,286,771.62 RMB in Q1 2022, mainly due to bank loans obtained during the period[11] - The company received CNY 18,955,500.00 from borrowings during the financing activities[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,721, with the top ten shareholders holding a combined 66.22% of shares[12] - The largest shareholder, Guo Chunxuan, held 37.22% of shares, amounting to 55,833,133 shares[12] Other Financial Metrics - The company incurred a total operating expense of CNY 437,872,935.17, compared to CNY 251,107,500.75 in the previous year, marking an increase of 74.4%[33] - The company recorded a foreign exchange loss of CNY 14,183.23 during the quarter[30] - The company is focusing on strategic procurement in response to raw material price fluctuations, which has impacted cash flow[11] - The increase in employee compensation and related payments also contributed to the negative cash flow from operating activities[11] - The company plans to continue expanding its market presence and investing in long-term projects[11]

Financial Performance - The company's operating revenue for 2021 was ¥1,081,101,499.89, representing a 25.58% increase compared to ¥860,855,363.57 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥201,047,381.19, a 9.94% increase from ¥182,864,707.88 in 2020[27]. - The net profit after deducting non-recurring gains and losses was ¥196,705,836.41, up 9.27% from ¥180,012,926.94 in 2020[27]. - The company's total assets at the end of 2021 were ¥2,457,893,505.96, a 6.71% increase from ¥2,303,332,450.80 at the end of 2020[27]. - The basic earnings per share for 2021 was ¥1.34, down 15.19% from ¥1.58 in 2020[27]. - The weighted average return on equity for 2021 was 9.54%, a decrease of 8.10% compared to 17.64% in 2020[27]. - The company reported a net cash flow from operating activities of ¥58,120,552.43, a significant decrease of 73.17% from ¥216,637,443.05 in 2020[27]. - The company received government subsidies totaling ¥2,345,054.31 in 2021, down from ¥4,264,355.46 in 2020[33]. - The company reported a total of ¥4,341,544.78 in non-recurring gains in 2021, compared to ¥2,851,780.94 in 2020[36]. - The total operating costs amounted to ¥751,756,389.04, reflecting a year-on-year increase of 33.46%[110]. Market Position and Strategy - The company operates in the lubricant additive industry, focusing on improving the performance and lifespan of lubricants[14]. - The global lubricating oil additives market is expected to grow to 5.43 million tons by 2023, with a market size of approximately $18.5 billion[41]. - The company has established itself as a leading domestic lubricant additive supplier and is the first A-share listed company in this sector[46]. - The company is positioned to benefit from the restructuring of the international supply chain and accelerated domestic import substitution in the lubricating oil additive industry[72]. - The company aims to become a significant global supplier of lubricant additives, focusing on expanding its market presence and establishing strategic partnerships with international core customers[164]. - The company is committed to expanding its production capacity through technological upgrades and new construction projects, leveraging its existing infrastructure[167]. - The company aims to establish a balanced domestic and international market presence, actively pursuing globalization strategies[164]. Research and Development - The company emphasizes continuous R&D investment and technological innovation to enhance product quality and performance[63]. - The company has continuously increased R&D investment, leading to significant breakthroughs in the certification of composite products, including successful tests for high-pressure anti-wear hydraulic oil and various engine oils[73]. - The R&D team consists of 112 members, including 6 senior engineers, indicating a well-structured and experienced team dedicated to innovation[86]. - R&D investment in 2021 amounted to ¥46,822,715.22, representing 4.33% of operating revenue, an increase from 3.45% in 2020[129]. - The company completed the development of API SN grade gasoline engine oil compound, which will enhance technical innovation and core competitiveness, breaking the foreign monopoly[120]. - The company has completed the development of various new products, including calcium sulfonate grease and anti-rust agents, which are expected to generate significant economic benefits[125]. Operational Efficiency - The company has improved its management level by optimizing budget and performance management systems, enhancing talent development, and increasing operational efficiency[76]. - The company employs a direct sales model without using distributors, focusing on both production and trade customers[66]. - The procurement strategy is based on safety stock and demand-driven production, ensuring stable supply and quality of raw materials[68]. - The company has established a strict supplier management system to maintain long-term relationships with key raw material suppliers[68]. - The pricing mechanism considers production costs, market demand, and competition, allowing for flexible pricing strategies[69]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[6]. - The company has outlined potential risk factors and countermeasures in the management discussion section of the report[6]. - The company faces risks related to raw material price fluctuations and supply issues, implementing strategies to optimize supply channels and maintain safety stock[171]. - In 2021, the company's export ratio reached 48.05%, exposing it to foreign exchange risks, which it plans to mitigate through various pricing and settlement strategies[172]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[5]. - The company has a commitment to transparency and has made all relevant documents available for public inspection[12]. - The company operates independently from its controlling shareholders, with no reliance on them for business operations, assets, or resources[194]. - The company has established an independent financial department with a dedicated accounting system and does not share bank accounts with any shareholders[196]. - The company held three shareholder meetings during the reporting period, with participation rates of 74.88%, 76.39%, and 71.92% respectively[197][200].

Financial Performance - The company's operating revenue for Q3 2021 was ¥189,723,347.32, a decrease of 25.13% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was ¥31,601,886.00, down 45.28% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥31,512,428.89, a decrease of 44.27% compared to the previous year[3]. - The company's basic earnings per share for Q3 2021 were ¥0.21, down 59.48% compared to the same period last year[3]. - The weighted average return on equity decreased to 1.52%, down 4.54% year-on-year[3]. - The total profit for the period was 155,124,714.26, compared to 150,680,906.48 in the previous year, reflecting an increase of approximately 3%[31]. - The tax expenses for the quarter were 19,497,511.48, down from 21,508,052.83, indicating a decrease of about 9.3%[31]. Cash Flow - The cash flow from operating activities showed a net amount of ¥21,309,796.95, reflecting a significant decline of 83.52% year-on-year[3]. - The net cash flow from operating activities for the first three quarters of 2021 was ¥21,309,796.95, a decrease of 83.52% compared to ¥129,271,287.59 in the same period of 2020[11]. - The net cash flow from investing activities was -¥130,936,386.02, a decline of 158.22% from ¥224,916,135.57 year-on-year, primarily due to increased purchases of structured deposits and land investments[11]. - The net cash flow from financing activities was -¥123,109,660.22, a significant drop of 298.57% compared to -¥30,888,097.36 in the previous year, mainly due to cash dividend payments[11]. - The net increase in cash and cash equivalents was -¥233,520,375.88, representing a decrease of 172.63% from an increase of ¥321,535,424.08 in the same period last year[11]. - The company reported a cash outflow of CNY 120,000,000.00 for dividend distribution and interest payments[36]. - The net cash flow from financing activities was CNY -123,109,660.22, indicating a decrease in cash due to financing activities[36]. Assets and Liabilities - The company's total assets as of September 30, 2021, were ¥2,314,801,038.02, representing a slight increase of 0.50% from the end of the previous year[3]. - The total assets of the company as of September 30, 2021, were CNY 2,314,801,038.02, slightly up from CNY 2,303,332,450.80 at the end of 2020, showing a marginal increase of about 0.5%[22]. - The company's total liabilities were CNY 222,214,284.70, a decrease from CNY 226,393,285.29 year-on-year, indicating a reduction of about 1.0%[26]. - The total liabilities were CNY 226,393,285.29, with current liabilities at CNY 226,393,285.29[40]. - The company's total liabilities and equity amounted to CNY 2,303,332,450.80[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,735, with the top ten shareholders holding a combined 65.74% of shares[12]. - Guo Chunxuan, the largest shareholder, held 37.22% of shares, totaling 55,833,133 shares[12]. - China Petroleum & Chemical Corporation held 15.00% of shares, amounting to 22,500,000 shares[12]. - The company has a total of 112,500,000 restricted shares at the beginning of the period, with no shares released or added during the reporting period[18]. - The total number of shares remained at 150,000,000[42]. Research and Development - The company reported a 73.21% increase in R&D expenses, totaling ¥27,299,918.87, indicating a focus on innovation and development[9]. - Research and development expenses increased to 27,299,918.87, up from 15,761,281.57, reflecting a growth of approximately 73.5%[31]. Inventory and Receivables - The company experienced a 112.05% increase in inventory, amounting to ¥229,654,709.34, attributed to strategic adjustments and supply chain challenges[6]. - Inventory as of September 30, 2021, was CNY 229,654,709.34, significantly higher than CNY 108,303,631.12 at the end of 2020, representing an increase of about 112.3%[20]. - The company reported accounts receivable of CNY 110,161,383.34, slightly up from CNY 107,113,134.54, indicating a growth of approximately 2.9%[20]. - The company’s other receivables decreased to CNY 825,689.68 from CNY 938,715.03, reflecting a decline of about 12.0%[20]. Other Income and Expenses - The company reported a significant increase in other income, with a rise of 1809.77% in non-operating income, totaling ¥551,354.55[9]. - The company reported other income of 551,354.55, significantly higher than 28,870.23 in the previous year, marking an increase of over 1800%[31]. - The financial expenses showed a significant increase, with interest expenses recorded at 17,238.43 compared to a much lower figure in the previous year, indicating a rise in financial costs[31]. Expansion and Strategy - The company is focusing on increasing procurement to mitigate rising raw material costs and ensure production supply[11]. - The company is also investing in new land and property acquisitions as part of its expansion strategy[11].

Financial Performance - The company's operating revenue for the reporting period was ¥485,944,049.06, representing a 35.72% increase compared to ¥358,060,005.55 in the same period last year[26]. - The net profit attributable to shareholders was ¥104,025,316.78, a 45.66% increase from ¥71,417,066.67 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was ¥101,449,145.76, up 44.37% from ¥70,268,655.11 in the previous year[26]. - The total assets at the end of the reporting period were ¥2,262,452,540.69, a decrease of 1.77% from ¥2,303,332,450.80 at the end of the previous year[26]. - The net assets attributable to shareholders were ¥2,060,964,482.29, down 0.77% from ¥2,076,939,165.51 at the end of the previous year[26]. - The operating cost increased to ¥321,175,751.70, reflecting a 37.99% rise, primarily driven by the growth in revenue and changes in product mix[76]. - The company reported a credit impairment loss of -1,716,838.52, accounting for -1.44% of total income, due to expected credit losses on receivables[85]. Research and Development - The company holds 20 domestic and 3 foreign authorized invention patents, with several more pending[36]. - Research and development investment surged by 98.04% to ¥20,709,030.74, indicating the company's commitment to enhancing its R&D capabilities[79]. - The company is investing ¥135 million in a new R&D center to further strengthen its research capabilities[68]. - The company has established partnerships with research institutes and universities to enhance its R&D innovation model[67]. - The company plans to accelerate the API certification process for composite agents, which is crucial for future product development and market competitiveness[141]. Market Position and Strategy - The company aims to target international markets and develop high-tech products, supported by multiple laboratories and a robust R&D system[36]. - The company is positioned in a favorable industry environment, benefiting from the national strategy to develop emerging industries and optimize product structure[50]. - The global lubricating oil additive market is projected to grow from 442 million tons in 2018 to 543 million tons by 2023, with a market size of approximately 18.5 billion USD[55]. - The company has become a major supplier in the domestic lubricant additive market and is gradually establishing influence in the international market[59]. - The company exports its products to Europe, the United States, Southeast Asia, and the Middle East, positioning itself as one of the largest suppliers globally in its field[64]. Operational Efficiency - The company maintains a direct sales model, avoiding distributors, and has established a robust customer base through quality products and stable supply[44]. - The procurement model is based on safety stock and demand-driven production, ensuring stable raw material supply through a qualified supplier management system[48]. - The company has implemented a comprehensive pricing mechanism considering production costs, market demand, and competition[49]. - The company continuously improves its management level and operational efficiency through optimized budget and performance management systems[54]. - The company has built a comprehensive internal control system and advanced management platforms to support stable growth[75]. Environmental Compliance - The company plans to continue its focus on environmental protection, confirming it is a key pollutant discharge unit[158]. - The company has implemented measures to ensure compliance with pollution discharge standards, including wastewater treatment facilities[158]. - The company effectively managed environmental pollutants, achieving emissions standards with particulate matter concentration at 4.8 mg/m³ and nitrogen oxides at 31 mg/m³[162]. - The company generated 85.53 tons of hazardous waste during the reporting period, with no exceedance of environmental standards[162]. - The company has established an online monitoring system for wastewater and air emissions, ensuring real-time data upload to local environmental authorities[162]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, with all directors present for the board meeting[3]. - The company emphasizes the importance of reading the full report, particularly the section on risks and countermeasures[3]. - The company has established contact points for investor relations, including a dedicated email for inquiries[19]. - The company held its first extraordinary general meeting of shareholders with a participation rate of 74.88% on February 3, 2021[151]. - The company is undergoing a management transition with several new board members elected on May 7, 2021[152]. Risks and Challenges - The management highlights the need for investors to understand the risks associated with future plans and performance forecasts[3]. - The company faces risks related to raw material price fluctuations, particularly crude oil derivatives, and has implemented measures to optimize supply channels and manage inventory[142]. - Export sales accounted for 42% of the company's revenue, exposing it to foreign exchange risks, which the company aims to mitigate through various hedging strategies[143]. - The company is transitioning from single agents to composite agents, with a focus on maintaining technological innovation and market adaptability[145].

证券代码：300910 证券简称：瑞丰新材 公告编号：2021-043 新乡市瑞丰新材料股份有限公司 关于参加河南辖区上市公司2021年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，新乡市瑞丰新材料股份有限公司定于 2021 年 6 月 8 日（周二）16:00-17:20 参加在全景网举办的"真诚沟通 传递价值" 河南辖区上市公司 2021 年投资者网上集体接待日活动。本次活动将采用网络远 程的方式举行，投资者可登录"全景•路演天下"（http://rs.p5w.net）参与本次互动 交流。 出席本次网上集体接待日活动的人员有：公司董事会秘书、财务负责人尚庆 春先生及相关人员，欢迎广大投资者积极参与。 特此公告。 新乡市瑞丰新材料股份有限公司 董事会 2021 年 6 月 2 日 ...

Financial Performance - The company's revenue for the first quarter of 2021 was ¥246,685,994.38, representing a 49.74% increase compared to ¥164,742,770.55 in the same period last year[6]. - Net profit attributable to shareholders was ¥58,867,300.35, a significant increase of 120.22% from ¥26,731,243.29 year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥57,895,172.21, up 112.98% from ¥27,183,884.52 in the previous year[6]. - The basic earnings per share increased to ¥0.39, reflecting a growth of 62.50% compared to ¥0.24 in the same period last year[6]. - The company's operating revenue for Q1 2021 was approximately ¥246.69 million, representing a 49.74% increase compared to ¥164.74 million in Q1 2020[21]. - The company achieved operating revenue of 246.686 million yuan, a year-on-year increase of 49.74%[25]. - Net profit attributable to shareholders reached 58.8673 million yuan, up 120.22% compared to the same period last year[25]. - The net profit after deducting non-recurring gains and losses was 57.8952 million yuan, reflecting a growth of 112.98% year-on-year[25]. - Operating profit for the current period was ¥68,780,448.65, compared to ¥32,632,618.58 in the previous period, representing a growth of about 110.6%[67]. - The company achieved a total profit of ¥68,431,940.45 for the current period, compared to ¥31,294,742.09 in the previous period, representing an increase of approximately 118.8%[67]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,342,532,693.12, a 1.70% increase from ¥2,303,332,450.80 at the end of the previous year[6]. - Current assets increased to ¥2,015,554,364.04 as of March 31, 2021, up from ¥1,981,202,483.55 on December 31, 2020, representing a growth of approximately 1.5%[52]. - Total liabilities decreased to ¥206,726,227.26 from ¥226,393,285.29, a reduction of about 8.7%[56]. - Total liabilities decreased from ¥222,138,824.50 to ¥205,976,923.88, reflecting a reduction of approximately 7.4%[62]. - Total equity increased from ¥2,087,120,087.08 to ¥2,144,023,675.24, marking a growth of about 2.7%[62]. - Total assets reached ¥2,342,532,693.12, compared to ¥2,303,332,450.80, showing an increase of approximately 1.7%[54]. - Total liabilities were reported at ¥222.14 billion, reflecting a decrease of ¥221.87 million[89]. - Total equity stood at ¥2,087.12 billion, unchanged from the previous reporting period[89]. Cash Flow - The net cash flow from operating activities was -¥13,179,652.72, which is a 162.16% increase in cash outflow compared to -¥5,027,343.52 in the same period last year[6]. - Cash flow from operating activities showed a net outflow of -13,179,652.72, worsening from -5,027,343.52 in the previous period[77]. - The company generated cash inflow from operating activities totaling 237,927,848.03, up from 135,675,660.56, marking an increase of approximately 75.4%[77]. - The net cash flow from financing activities was -5,461,702.01, an improvement from -23,139,703.86 in the prior year[78]. - The ending cash and cash equivalents balance was 1,534,544,880.43, up from 394,706,110.74, showing a substantial increase of approximately 288.5%[78]. - The company reported a significant increase in cash and cash equivalents, which may provide opportunities for future investments or acquisitions[83]. Research and Development - Research and development expenses increased by 106.05% to approximately ¥7.06 million in Q1 2021, up from ¥3.43 million in Q1 2020, indicating a significant investment in innovation[21]. - The company plans to increase R&D investment in 2021, focusing on the certification of composite agents and achieving breakthroughs in various product certifications[26]. Market Strategy - The company plans to continue expanding its market presence and enhancing product competitiveness, driven by increased domestic demand and import substitution trends[21]. - The company aims to maintain rapid sales growth domestically and achieve record exports, targeting strategic cooperation with international mainstream lubricant companies[26]. - The company plans to increase its focus on core market demands and expand both domestic and international markets[43]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,801[10]. - The largest shareholder, China Petroleum & Chemical Corporation, held 37.22% of the shares, amounting to 55,833,133 shares[10]. Risks and Compliance - The company faces risks related to the certification of composite products, raw material price fluctuations, and exchange rate volatility, with specific measures in place to mitigate these risks[29][30][31]. - The company has no violations regarding external guarantees during the reporting period[44]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[45]. Investment and Funding - The total amount of funds raised was RMB 113,475.00 million, with a net amount of RMB 104,183.36 million after deducting issuance costs[38]. - The company allocated RMB 13,000.00 million for the construction of a lubricating oil additive research center and RMB 3,500.00 million for the technical transformation project of producing 15,200 tons of lubricating oil additives annually[38]. - Cumulative investment in the lubricating oil additive research center project reached RMB 11.85 million, while the cumulative investment for permanent working capital was RMB 21,000.00 million[39]. - The total amount of oversubscribed funds was RMB 70,183.36 million[38]. - The company has achieved 100% of the planned investment for permanent working capital[39].