Group 1: Product Pricing and Sales - In Q1 2022, the overall product prices increased due to the rise in raw material prices [2] - The company anticipates a stable upward trend in the prices of butyl acrylate and styrene in the long term, influenced by international oil prices and supply-demand dynamics [3] - In April 2022, the company's Shanghai factory faced shipping disruptions due to the pandemic, but production resumed by the end of the month [3] Group 2: Sales Growth and Customer Management - The company experienced a year-on-year increase in sales volume in Q1 2022, driven by stable growth from major clients and active market expansion [3] - The maximum credit period for downstream customers remains unchanged at 3 months [3] - The company plans to enhance cash flow management by improving customer collection processes and optimizing accounts receivable structure [4] Group 3: Financial Performance and Inventory Management - The gross profit per ton decreased in 2021 compared to 2020 due to intense price competition and increased raw material costs [3] - The increase in inventory at the end of Q1 2022 was a strategic decision based on raw material price forecasts [4] - The company maintains a stable increase in bank credit limits and continues to foster good relationships with financial institutions [4]

证券代码：301037 证券简称：保立佳 1 上海保立佳化工股份有限公司投资者关系活动记录表 编号：20220623 | --- | --- | --- | --- | |-----------------------|-----------------------------------------|--------------------------------------------------------------------------|-------| | | | | | | 投资者关系活 | 特定对象调研 □分析师会议 | | | | 动类别 | □媒体采访 □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | □其他 | | | | 参与单位名称 | | 平安资管：陈煜、惠升基金：巢前、民生证券：刘海荣 | | | 及人员姓名 | | | | | 时间 | 2022 年 6 月 23 日 | | | | 地点 | 公司会议室 副总经理、董事会秘书：衣志波 | | | | | | | | | 上市公司接待 人员姓名 | 证券事务代表：周 ...

证券代码： 301037 证券简称：保立佳 上海保立佳化工股份有限公司投资者关系活动记录表 编号：20220908 | --- | --- | --- | |---------------------|--------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | √ 业绩说明会 | | 投资者关系活动 类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 投资者网上提问 | | | 人员姓名 | | | | 时间 | 2022 ...

上海保立佳化工股份有限公司 2022 年第三季度报告 证券代码：301037 证券简称：保立佳 公告编号：2022-073 上海保立佳化工股份有限公司 2022 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： 3.第三季度报告是否经过审计 □是 否 1 上海保立佳化工股份有限公司 2022 年第三季度报告 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。 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 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 907,865,506.80 | -9.00% ...

Financial Performance - The company's operating revenue for the reporting period was ¥1,640,798,874.71, representing an increase of 11.21% compared to ¥1,475,450,482.99 in the same period last year[26]. - The net profit attributable to shareholders decreased by 48.50% to ¥23,224,243.38 from ¥45,096,721.69 year-on-year[26]. - The net profit after deducting non-recurring gains and losses was ¥24,050,716.59, down 42.72% from ¥41,985,970.50 in the previous year[26]. - The company's total assets increased by 7.56% to ¥2,654,132,600.80 from ¥2,467,602,307.48 at the end of the previous year[27]. - The basic earnings per share decreased by 61.19% to ¥0.26 from ¥0.67 in the same period last year[27]. - The company reported a net cash flow from operating activities of -¥113,650,864.95, an improvement of 35.10% compared to -¥175,112,048.27 in the previous year[26]. - Revenue for the reporting period was approximately ¥1.64 billion, representing an increase of 11.21% compared to the previous year[57]. - Operating costs increased by 12.96% to approximately ¥1.46 billion, reflecting rising production expenses[57]. - Research and development investment rose by 7.59% to approximately ¥24 million, indicating a commitment to innovation[57]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting head[4]. - The management team has attended the board meeting to review the report, ensuring collective responsibility for its contents[4]. - The company is committed to transparency and has made all relevant documents available for public inspection[10]. - The company has not reported any significant environmental issues during the reporting period[113]. - The company’s board and supervisory committee have verified the incentive plan's implementation and compliance with regulations[109]. Risk Management - The company emphasizes the importance of investor awareness regarding potential risks and challenges in its operations[4]. - The management discussion section includes detailed descriptions of risks and countermeasures faced by the company[4]. - The company faces risks related to raw material price fluctuations, which directly impact production costs, and plans to optimize procurement and stockpile materials when prices are favorable[95]. - Accounts receivable risks are increasing due to expanding sales and industry consolidation, prompting the company to strengthen credit evaluations and optimize receivable structures[96]. - Liquidity risks are being managed through improved cash flow management and diversified financing channels to mitigate pressures from rising raw material costs and delayed customer payments[98]. Environmental Compliance - The company reported that it is a key pollutant discharge unit, with specific emissions data indicating compliance with environmental standards[114]. - The company’s environmental compliance includes specific pollutant discharge limits, with emissions of non-methane total hydrocarbons at 2.639 mg/Nm³, below the standard of 60 mg/Nm³[114]. - The company achieved a non-methane total hydrocarbon emission of 0.6 mg/m³, well under the threshold of 60 mg/m³[116]. - The company reported a total nitrogen level of 9.77 mg/L at the factory gate, significantly below the limit of 40 mg/L[116]. - The company has established emergency response plans for environmental incidents across its subsidiaries, with no reported environmental pollution incidents during the reporting period[125][126][128]. Research and Development - The company is focusing on high-quality development and increasing R&D for high-end new products to meet market demands for green and healthy living[37]. - The company has a strong R&D capability, focusing on both independent and collaborative research, including partnerships with universities like Fudan University[44]. - Investment in new technology development has increased by 30%, with a focus on sustainable chemical solutions[100]. - The company holds 32 invention patents and 20 utility model patents, showcasing strong independent R&D capabilities[48]. Market Strategy - The company is positioned to gain market share as the industry undergoes consolidation due to increased environmental pressures on smaller competitors[45]. - The company is exploring new markets in Southeast Asia, aiming for a 15% market penetration by the end of 2023[101]. - The company plans to expand its production capacity by 40% in the next year to meet rising demand[101]. - A strategic acquisition of a smaller competitor is anticipated to enhance market share by 10%[101]. Shareholder Engagement - The company reported a total of 4,827,800 shares held by the director Yang Huijing at the beginning of the period, increasing to 4,900,600 shares by the end of the period, with an increase of 72,800 shares[191]. - The company’s stock incentive plan aims to align employee interests with company performance through performance-based vesting[182]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[193][194]. - The company’s independent directors provided opinions on the stock incentive plan, ensuring it aligns with shareholder interests[109]. Financial Management - The company reported a debt-to-equity ratio of 0.5, indicating a stable financial position[162]. - The company has a total of approximately ¥381.99 million in restricted assets, primarily due to bank credit guarantees[68]. - The total approved guarantee amount for subsidiaries reached CNY 187,515 million, with an actual guarantee balance of CNY 86,481.72 million at the end of the reporting period[164]. - The company provided guarantees totaling CNY 3,500 million on June 13, 2022, with an actual guarantee amount of CNY 1,250 million[164].

Financial Performance - The company's revenue for Q1 2022 was ¥749,508,623.14, representing a 45.15% increase compared to ¥516,376,172.08 in the same period last year[5] - Net profit attributable to shareholders was ¥6,967,258.38, a significant increase of 114.27% from ¥3,251,690.49 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,496,220.72, reflecting a 205.09% increase from ¥1,801,480.79 in the previous year[5] - The company's basic earnings per share rose to ¥0.08, up 60.00% from ¥0.05 in the same period last year[5] - Total operating revenue for Q1 2022 was CNY 749,508,623.14, an increase of 45.0% compared to CNY 516,376,172.08 in Q1 2021[24] - Net profit for Q1 2022 reached CNY 6,967,258.38, representing a 114.0% increase from CNY 3,251,690.49 in Q1 2021[25] - Operating profit for Q1 2022 was CNY 10,776,107.59, compared to CNY 5,707,205.70 in Q1 2021, marking an increase of 88.5%[25] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.08, compared to CNY 0.05 in Q1 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,657,272,585.92, an increase of 7.69% from ¥2,467,602,307.48 at the end of the previous year[5] - The total assets of the company reached CNY 2,657,272,585.92, up from CNY 2,467,602,307.48, marking an increase of 7.76%[21] - The company’s total liabilities increased to CNY 1,755,895,803.81 from CNY 1,584,441,385.10, reflecting a growth of 10.81%[21] - The total liabilities as of Q1 2022 were CNY 1,808,114,974.39, up from CNY 1,641,526,027.99 in the previous year[25] - The total equity attributable to shareholders of the parent company was CNY 849,157,611.53, an increase from CNY 826,076,279.49 in Q1 2021[25] Cash Flow - The net cash flow from operating activities was -¥43,843,370.65, a decline of 205.20% compared to -¥14,365,641.31 in the same period last year, primarily due to increased cash payments for raw materials[10] - The net cash flow from operating activities for Q1 2022 was -CNY 43,843,370.65, worsening from -CNY 14,365,641.31 in Q1 2021[28] - Cash inflow from operating activities in Q1 2022 was CNY 418,730,578.55, compared to CNY 374,410,893.44 in Q1 2021[28] - The net cash flow from financing activities was CNY 140,812,154.55, an increase from CNY 99,160,447.94 in the previous year[29] - Cash and cash equivalents at the end of the period totaled CNY 195,766,903.98, up from CNY 99,817,814.91 year-over-year[29] - The net increase in cash and cash equivalents for the period was CNY 33,068,967.09, compared to CNY 57,210,885.08 in the previous year[29] Shareholder Information - The top three shareholders hold a combined 67.53% of the company's shares, with the largest shareholder owning 51.58%[12] - The company completed the first grant of 1,074,600 restricted stocks under the 2021 incentive plan, representing 2.00% of the total share capital[17] - The company has a total of 68,649,600 restricted shares at the end of the reporting period, with 1,166,023 shares released during the period[16] Research and Development - Research and development expenses for Q1 2022 totaled CNY 12,068,136.64, an increase of 25.0% from CNY 9,646,752.63 in Q1 2021[25] Inventory and Borrowings - The company’s inventory rose to CNY 302,672,295.26 from CNY 198,819,021.36, showing a significant increase of 52.23%[20] - The company’s long-term borrowings increased to CNY 10,930,705.96 from CNY 5,650,507.98, indicating a rise of 93.73%[21] Government Support - The company received government subsidies amounting to ¥558,947.10 during the reporting period[8] Audit Information - The company did not conduct an audit for the first quarter report[30]

Financial Performance - The company's operating revenue for 2021 was ¥2,974,838,701.52, representing a 47.11% increase compared to ¥2,022,152,767.58 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥50,451,374.64, a decrease of 43.82% from ¥89,799,844.18 in 2020[20]. - The net cash flow from operating activities was -¥173,346,916.85, a decline of 298.53% compared to ¥87,313,684.98 in 2020[20]. - The total assets at the end of 2021 amounted to ¥2,467,602,307.48, an increase of 38.38% from ¥1,783,228,241.36 at the end of 2020[20]. - The net assets attributable to shareholders increased by 67.95% to ¥826,076,279.49 at the end of 2021 from ¥491,853,699.86 at the end of 2020[20]. - The basic earnings per share for 2021 was ¥0.66, down 50.38% from ¥1.33 in 2020[20]. - The company reported a total of ¥7,749,644.52 in non-recurring gains and losses for 2021, compared to ¥2,694,863.28 in 2020[27]. - The company experienced a significant decline in net profit after deducting non-recurring gains and losses, which was ¥42,701,730.12 in 2021, down 50.98% from ¥87,104,980.90 in 2020[20]. - The weighted average return on equity for 2021 was 7.94%, a decrease of 12.15% from 20.09% in 2020[20]. - The total profit for 2021 was CNY 5,692.82 million, a decrease of 48.33% compared to the previous year, while the net profit attributable to shareholders was CNY 5,045.14 million, down 43.82%[66]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.60 RMB per 10 shares and issue 1 bonus share for every 10 shares held, based on a total of 91,174,600 shares[5]. - The cash dividend represents 37.50% of the total distributable profit of 31,122,648.76 CNY[195]. - The net profit attributable to shareholders for the year is 50,451,374.64 CNY, with a legal reserve of 46,208.33 CNY deducted[198]. Risks and Challenges - The company acknowledges risks including raw material price fluctuations, safety and environmental risks, accounts receivable risks, talent shortages, and liquidity risks[5]. - The company emphasizes that future development strategies and operational plans are subject to market conditions and uncertainties, and do not constitute profit forecasts[5]. - The report outlines the importance of maintaining awareness of investment risks associated with the company's future plans[5]. - The company faces risks related to raw material price fluctuations, which could impact production costs, and plans to optimize procurement strategies to mitigate these risks[128]. - The company is addressing the risk of accounts receivable growth by enhancing credit evaluations and optimizing receivables management[129]. - The company recognizes the challenge of talent shortages in the high-quality development phase of the industry and is focusing on attracting skilled professionals[129]. - The company is enhancing cash flow management to mitigate liquidity risks associated with rising raw material prices and delayed customer payments[130]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's management, including the CEO and accounting head[4]. - The company has a comprehensive governance structure in place, as detailed in the corporate governance section of the report[7]. - The company maintained a strong governance structure, with a board of 7 members, including 3 independent directors, complying with legal and regulatory requirements[133]. - The company has established a performance evaluation system linking the remuneration of directors, supervisors, and senior management to their performance[138]. - The company operates independently in terms of assets, personnel, finance, and business, ensuring no reliance on controlling shareholders for operations[141]. - The company has a complete and independent financial accounting system, with separate bank accounts and independent tax obligations[145]. - The company actively engages with investors and stakeholders, ensuring transparent and timely information disclosure[139]. - The company has a clear asset ownership structure, with no instances of asset misappropriation by shareholders[143]. - The company has a robust internal control system in place to manage financial decisions independently[145]. - The company has a dedicated investor relations management system to facilitate communication with shareholders[139]. Research and Development - The company has a strong R&D capability, focusing on independent research and development while also collaborating with universities for product innovation and process upgrades[45]. - The company has developed a series of core technologies through independent research and development, resulting in 25 invention patents and 20 utility model patents by the end of the reporting period[48]. - The company is focused on developing high-performance products to meet diverse market demands, leveraging its extensive patent portfolio[53]. - The company is committed to developing new products and technologies to drive future growth[184]. - The company plans to implement a stock incentive plan to motivate its employees and align their interests with shareholders[185]. - The company is focusing on high-quality development and increasing R&D for high-end new products to meet the growing demand for green and healthy living[119]. - The company aims to enhance operational management levels and achieve its three-year plan goals (2022-2024) by improving customer service capabilities and R&D innovation[124]. Market Position and Strategy - The company aims to enhance its market share by leveraging its brand influence and strengthening cooperation with key downstream enterprises in 2022[34]. - The company has established itself as a core supplier for well-known paint companies such as Nippon Paint, Skshu Paint, and AkzoNobel, indicating strong market positioning[35]. - The overall demand for the architectural coatings industry is projected to remain on an upward trend in 2022, supported by the ongoing expansion of leading enterprises in the downstream coatings sector[32]. - The company is focusing on expanding its market presence and enhancing product development capabilities in the chemical industry[159]. - The company plans to optimize differentiated marketing strategies to increase market share and enhance product competitiveness in 2022[126]. - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[159]. Production and Capacity - The company's annual production capacity reached 397,000 tons in 2021, with future expansions planned for 280,000 tons in Anhui and 200,000 tons in Henan, enhancing its competitive edge in the industry[48]. - The company has established five major production bases in Shanghai, Guangdong, Shandong, Sichuan, and is planning a sixth base in Anhui, enhancing its market responsiveness and reducing transportation costs[61]. - The company’s production process involves multiple stages, including monomer pre-mixing, polymerization, post-treatment, and filtration, ensuring product quality and consistency[39]. - The company produces various types of water-based acrylic emulsions, including pure acrylic emulsions, styrene-acrylic emulsions, silicone-acrylic emulsions, and vinyl acetate-acrylic emulsions[37]. - The company has a strong team of senior engineers and PhDs collaborating on product development, ensuring a mature product system and advanced application technology[51]. Employee Management - The total number of employees at the end of the reporting period is 567, with 59 in the parent company and 508 in major subsidiaries[187]. - The employee composition includes 174 production personnel, 160 sales personnel, 68 technical personnel, and 128 administrative personnel[188]. - The company has established a multi-level training system to enhance employee skills and align with future strategic goals[190]. - The total remuneration for directors, supervisors, and senior management in 2021 was fully paid at 13.1714 million yuan[173]. - The company adheres to a strict compensation policy based on position, ability, and performance to enhance competitiveness[189].

Financial Performance - The company's revenue for Q3 2021 reached ¥997,617,879.62, representing a 71.79% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥1,775,504.03, a significant decrease of 93.90% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,559,662.48, down 94.53% from the previous year[4] - Basic earnings per share were ¥0.0215, a decrease of 95.01% year-on-year[5] - Total operating revenue for the current period reached ¥2,473,068,362.61, a significant increase from ¥1,418,775,210.85 in the previous period, representing a growth of approximately 74.1%[21] - Net profit for the current period was ¥46,872,225.72, down from ¥76,406,148.78 in the previous period, indicating a decline of approximately 38.7%[22] - Basic and diluted earnings per share decreased to ¥0.6458 from ¥1.1307, a drop of about 42.9%[23] Cash Flow and Assets - The net cash flow from operating activities was -¥202,859,240.65, reflecting a decline of 306.36% compared to the same period last year[4] - Cash flow from operating activities showed a net outflow of ¥202,859,240.65, contrasting with a net inflow of ¥98,304,588.74 in the previous period[27] - Cash and cash equivalents stood at RMB 522,773,324.76, significantly higher than RMB 231,516,921.73 in the previous year, representing a growth of approximately 126.6%[17] - Cash and cash equivalents at the end of the period totaled ¥274,096,498.41, up from ¥59,064,127.74 at the end of the previous period, marking an increase of approximately 363.5%[27] - Total assets at the end of the reporting period were ¥2,616,144,570.85, an increase of 46.71% from the end of the previous year[5] - The company's current assets reached RMB 2,132,395,081.57, compared to RMB 1,366,663,523.12 in the previous year, indicating a year-over-year increase of about 56.2%[18] - Total current assets decreased to CNY 1,366,323,568.90, a reduction of CNY 339,954.22 compared to the previous year[30] - Total non-current assets increased to CNY 421,366,854.00, reflecting an increase of CNY 4,802,135.76[31] - Total assets amounted to CNY 1,787,690,422.90, showing an increase of CNY 4,462,181.54[31] Liabilities and Equity - Total liabilities increased to RMB 1,794,447,546.46 from RMB 1,291,374,541.50, reflecting a rise of approximately 39.0%[19] - The company's equity attributable to shareholders rose to RMB 821,697,024.39, up from RMB 491,853,699.86, marking an increase of around 67.0%[20] - Total current liabilities rose to CNY 1,284,504,719.43, an increase of CNY 780,625.14[32] - Total non-current liabilities increased to CNY 11,332,003.61, reflecting an increase of CNY 3,681,556.40[32] - Total liabilities reached CNY 1,295,836,723.04, an increase of CNY 4,462,181.54[32] - Total equity remained stable at CNY 491,853,699.86[32] Operational Insights - The company experienced significant increases in raw material prices during the reporting period, impacting profit margins[9] - The increase in sales volume and prices contributed to the revenue growth despite the decline in net profit[9] - The company reported a government subsidy of ¥369,483.43 related to research and development expenses during the reporting period[7] - The company reported a significant increase in sales revenue from goods and services, totaling ¥1,328,475,151.59 for the current period[26] - Research and development expenses increased to ¥36,519,144.99 from ¥24,633,137.15, representing a growth of about 48.0%[21] Corporate Developments - The company plans to issue debt financing tools totaling up to RMB 0.5 billion to support its operations and growth initiatives[15] - The registered capital was changed to RMB 90,100,000, reflecting the company's transition to a publicly listed company[14] - The company completed the election of its third board of directors and supervisory board, enhancing its governance structure[15] - The third quarter report was not audited[33] - The company is implementing new leasing standards starting from 2021[33]

Financial Performance - The company's operating revenue for the current reporting period reached ¥1,475,450,482.99, representing a 76.06% increase compared to ¥838,044,036.89 in the same period last year[24]. - The net profit attributable to shareholders of the listed company decreased by 4.62% to ¥45,096,721.69 from ¥47,280,709.58 in the previous year[24]. - The net cash flow from operating activities turned negative at -¥175,112,048.27, a decline of 333.87% compared to ¥74,875,560.55 in the same period last year[24]. - Total assets increased by 31.32% to ¥2,341,697,183.79 from ¥1,783,228,241.36 at the end of the previous year[24]. - The basic earnings per share for the current period is ¥0.6700, down 4.24% from ¥0.6997 in the previous year[24]. - The weighted average return on equity decreased to 8.77% from 11.10% in the previous year, indicating a decline in profitability[24]. - The company's revenue for the reporting period reached ¥1,475,450,482.99, representing a 76.06% increase compared to ¥838,044,036.89 in the same period last year, primarily due to an increase in sales prices[58]. - The production capacity of the company reached 376,800 tons in 2020, with a sales volume of 410,200 tons, positioning the company among the top players in the industry[53]. Research and Development - The company holds 43 authorized patents, including 23 invention patents and 20 utility model patents, reflecting its commitment to R&D and technological advancement[36]. - The company has a strong R&D capability, conducting both independent and collaborative research, with partnerships with institutions like Fudan University[46]. - The company has established a modern R&D center focused on acrylic emulsions, enhancing its competitive edge in the market[36]. - The company has established a comprehensive R&D system to ensure the development of new products and the upgrading of existing processes[46]. - The company's core technologies include shell-core latex particle technology and multi-net flavor technology, allowing for further innovation based on market demands[51]. - Research and development expenses rose by 42.74% to CNY 22,299,319.93, indicating a significant increase in R&D investment[61]. Market Position and Strategy - The company is focused on expanding its market presence and developing new products and technologies[17]. - The company is a core supplier for well-known paint companies such as Nippon Paint and AkzoNobel, indicating strong market relationships[35]. - The acrylic emulsion industry is expected to see significant demand growth due to the increasing shift towards water-based coatings driven by environmental policies[33]. - The acrylic emulsion industry in China is expected to undergo consolidation, with the company positioned to gain market share due to its strong capabilities and scale[47]. - The company emphasizes a "quality first" production philosophy, ensuring high product quality through optimized production processes and enhanced automation[55]. - The company has a comprehensive marketing network covering all 31 provinces and cities in China, utilizing a dual sales model targeting both strategic clients and small to medium-sized enterprises[56]. Environmental Responsibility - The report emphasizes the importance of environmental and social responsibility in its operations[28]. - Environmental protection measures are being prioritized, with a dedicated department overseeing compliance and pollution reduction initiatives[84]. - The company has implemented measures to ensure compliance with environmental standards across multiple emission points[93]. - The company has successfully maintained emissions of hydrogen sulfide at 0.00451 mg/Nm³, below the standard limit of 5.0 mg/Nm³[93]. - The company achieved compliance with environmental standards for all monitored pollutants, with no exceedances reported during the reporting period[101]. - The company has implemented a comprehensive environmental risk management plan, with no incidents of environmental pollution reported during the reporting period[105]. Governance and Internal Control - The financial report is guaranteed to be true, accurate, and complete by the company's management[4]. - The report includes a detailed discussion of the company's management and analysis of financial performance[17]. - The financial report includes a comprehensive overview of the company's governance structure[27]. - The company has committed to maintaining transparency and accountability in its financial disclosures[4]. - The company has maintained a robust internal control system and governance structure, ensuring the safety of assets and funds while protecting shareholder interests[108]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, reflecting financial discipline[112]. Risks and Challenges - The company has outlined potential risk factors and corresponding countermeasures in the report[5]. - The company is facing risks related to raw material price fluctuations, particularly with upstream materials like acrylic acid and styrene, which could affect profit margins[78]. - To mitigate risks, the company is enhancing procurement and inventory management to control raw material costs[78]. - The company has implemented measures to strengthen cash flow management, including timely collection of accounts receivable and reducing reliance on commercial acceptance bills[80]. Shareholder Information - The total number of shares remains at 67,575,000, with 100% being limited sale shares[147]. - The largest shareholder, Yang Wenyu, holds 69.60% of the shares, amounting to 47,029,000 shares[150]. - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[151]. Financial Stability - The company has not experienced any bankruptcy restructuring or significant penalties during the reporting period, indicating financial stability[116][119]. - The company has not reported any major guarantees or significant contracts that could impact its financial position[130]. - The company's asset-liability ratio stands at 77.09%, highlighting concerns regarding its debt repayment capacity[82]. - The company reported a significant increase in accounts payable, which rose to CNY 205,454,602.95 from CNY 156,129,403.23, reflecting a growth of 31.6%[165].