Group 1: Company Overview and Strategy - The company aims to become "the world's Baolijia" and has acquired 60% of Malaysian company MORTRADE SDN.BHD. for RMB 5.45 million, which aligns with its main business of water-based acrylic emulsions [2] - The company is actively expanding its foreign market presence through asset acquisitions and establishing factories [2] - The main business focuses on water-based acrylic emulsions, which are used in various industries including construction coatings and textiles [3] Group 2: Financial Performance and Challenges - In Q1 2023, the company reported a significant decline in revenue, with sales expenses increasing by over RMB 15 million [3][4] - The company faced a loss in Q1 2023, attributed to a decrease in product sales and prices, alongside increased employee compensation and share-based payment expenses [6] - The company's sales expenses for Q1 2023 were RMB 37.36 million, with management expenses rising by 23.78% to RMB 23.15 million [4] Group 3: Market Position and Competitive Advantages - The company ranks among the top in production capacity within the industry, with four major production bases established in Shanghai, Guangdong, Shandong, and Sichuan [3] - The company emphasizes R&D investment, possessing several core technologies, and has set up independent research institutes in Shanghai and Beijing [3] - The marketing strategy includes a dual approach of direct sales to strategic customers and agency sales to smaller clients, creating a comprehensive marketing network [3] Group 4: Future Outlook and Investor Relations - The company plans to enhance investor relations through regular performance briefings and various communication channels [4] - The company maintains confidence in future growth despite current challenges in the acrylic emulsion industry [5] - The company aims to optimize its production capacity and improve profitability in response to market demands [5]

上海保立佳化工股份有限公司 2023 年第一季度报告 证券代码：301037 证券简称：保立佳 公告编号：2023-024 上海保立佳化工股份有限公司 2023 年第一季度报告 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.第一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 2023 年第一季度报告 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 557,861,952.13 | 749,508,623.14 | -25.57% | | 归属于上市公司股东的净利润（元） | ...

Financial Performance - In 2022, the company's net profit significantly decreased compared to 2021 due to fluctuations in raw material prices, despite an increase in operating revenue and product sales[4]. - The company's operating revenue for 2022 was ¥3,162,880,650.02, an increase of 6.32% compared to ¥2,974,838,701.52 in 2021[28]. - The net profit attributable to shareholders decreased by 88.63% to ¥5,737,154.48 from ¥50,451,374.64 in the previous year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,633,095.57, down 82.12% from ¥42,701,730.12 in 2021[28]. - Basic and diluted earnings per share fell by 91.26% to ¥0.0573 from ¥0.6555 in 2021[28]. - The gross margin declined as the increase in unit costs outpaced the rise in product prices during the first half of 2022[4]. - The company reported a quarterly revenue of ¥614,216,268.51 in Q4 2022, down from ¥907,865,506.80 in Q3 2022[30]. - The net profit attributable to shareholders in Q3 2022 was -¥22,635,586.21, indicating a significant loss compared to profits in the first two quarters[30]. - The company received government subsidies amounting to ¥4,459,692.87 in 2022, down from ¥9,873,528.17 in 2021[34]. Operational Strategy - The company plans to control inventory effectively and increase the proportion of current production and sales[6]. - The company aims to enhance internal management efficiency and optimize existing product technology to reduce costs and increase efficiency[6]. - The company will increase R&D efforts to promote high value-added products, aiming to improve overall gross margin[6]. - The company is focusing on developing special coatings, including elastic and high-gloss coatings, leveraging the synergy between acrylic emulsions and thickeners[41]. - The company plans to enhance its service capabilities for premium clients by offering personalized solutions, responding to the increasing market concentration[55]. - The company aims to expand its business in textile and packaging emulsions while maintaining stability in its main products related to construction and waterproofing[55]. - The company is actively expanding its market presence and enhancing its product structure to improve operational efficiency and sustainability[72]. Market and Industry Insights - The main business of the company is the research, production, and sales of water-based acrylic emulsions, classified under the chemical raw materials and chemical products manufacturing industry[39]. - The company anticipates continued growth in demand for water-based acrylic emulsions in various sectors, including construction and industrial coatings, due to increasing environmental awareness[41]. - The procurement cost of raw materials, including butyl acrylate and styrene, accounts for about 60%-65% of the overall cost of acrylic emulsions, significantly impacting the company's gross margin and profitability[43]. - The prices of key raw materials such as butyl acrylate and styrene experienced significant fluctuations in 2022 due to geopolitical conflicts and monetary policy changes, affecting the overall profitability of the industry[45]. - The company is expanding its applications of acrylic emulsions into emerging fields such as printing, logistics, detergents, cosmetics, and pharmaceuticals, driven by its non-toxic and environmentally friendly characteristics[41]. - The company achieved a production capacity of 507,100 tons in 2022, positioning it as a leading player in the water-based acrylic emulsion industry[53]. Research and Development - The company has established independent research institutes in Shanghai and Beijing to strengthen its R&D capabilities and improve product offerings[52]. - The company has developed multiple patented technologies, including a low formaldehyde, no formaldehyde textile emulsion[58]. - The company is in the mass production stage for its functional emulsions and textile emulsions[58]. - The company is committed to quality control and market share expansion in the textile industry[58]. - The company is focusing on developing high-performance products such as waterproof emulsions and low surface energy adhesives to enhance market competitiveness[94]. - The company has allocated a budget of 100 million RMB for research and development of new technologies in 2023[171]. Risk Management - The company acknowledges various risks, including safety and environmental risks, raw material price volatility, and accounts receivable risks[6]. - The company focuses on risk management by conducting regular risk identification activities and optimizing production processes to enhance safety and efficiency[75]. - To mitigate raw material price fluctuation risks, the company plans to optimize procurement costs and stockpile materials when prices are favorable[139]. - The company is enhancing cash flow management to address liquidity risks, including measures to improve accounts receivable collection and reduce reliance on commercial acceptance bills[141]. Governance and Compliance - The company has a governance structure in place with independent directors and a supervisory board, ensuring compliance with regulations[166]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[149]. - The company has established and strictly implements the "Information Disclosure Management Measures" to ensure the accuracy and timeliness of information disclosure[153]. - The company respects and maintains the legitimate rights and interests of stakeholders, achieving a balance among social, shareholder, company, and employee interests[154]. - The company has not reported any penalties from regulatory agencies for its directors and supervisors in the past three years[178]. Employee and Compensation - The total number of employees at the end of the reporting period was 640, with 66 in the parent company and 574 in major subsidiaries[194]. - The company implemented a performance-based compensation system to enhance employee productivity and align with corporate goals[195]. - The total remuneration for directors, supervisors, and senior management in 2022 amounted to 8.4409 million yuan[182]. - The average remuneration for senior management was approximately 0.73 million yuan[182]. - The company emphasizes attracting and retaining talent, particularly in technical roles, through competitive benefits[195]. Future Outlook - The company plans to continue expanding its production capacity in the chemical sector to meet growing market demand[112]. - The company aims to enhance profitability and optimize capacity layout, focusing on inventory management and increasing the proportion of current production and sales[133]. - The company has set a performance guidance for the upcoming fiscal year, aiming for a revenue growth of approximately 10%[166]. - The company anticipates a revenue growth target of 15% for the next fiscal year, driven by increased demand in the chemical sector[171].

证券代码：301037 证券简称：保立佳 公告编号：2023-039 上海保立佳化工股份有限公司 关于召开2022年度业绩说明会的公告 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 公司保荐代表人：贾超先生 四、投资者问题征集及参与方式 会议召开时间：2023年5月10日（星期三）15:00-17:00 会议召开方式：网络互动方式 网络互动地址：全景网"投资者关系互动平台"（https://ir.p5w.net） 一、业绩说明会的类型 上海保立佳化工股份有限公司（以下简称"公司"）《2022年年度报告》全文 及摘要已于2023年4月27日在巨潮资讯网（http://www.cninfo.com.cn）上披露。为 使投资者更加全面、深入地了解公司2022年年度报告和2022年度经营情况，公司 决定以网络互动的方式召开2022年度业绩说明会，欢迎广大投资者积极参与，公 司将广泛听取投资者意见和建议。 二、说明会召开时间、地点、方式 本次业绩说明会将于2023年5月10日（星期三）15:00-17:00在全景网"投资者 关系互动平台"（http ...

Group 1: Company Overview - Shanghai Baolijia Chemical Co., Ltd. was established in 2001, primarily engaged in the R&D, production, and sales of water-based acrylic emulsions, with applications in construction, waterproofing, textiles, and packaging [2]. - The company has established four production bases in Shanghai, Foshan, Yantai, and Deyang, with plans for a fifth base in Mingguang, Anhui, to enhance national capacity coverage [2]. - The company achieved a market share of 11.11% in 2019, with nearly 20% in the construction segment [3]. Group 2: Production and Operational Impact - In September 2021, only the wholly-owned subsidiary in Foshan was affected by power restrictions, but production was not halted, and operations have since returned to normal [3]. - The company maintains a competitive edge in production costs due to large-scale procurement and strategic purchasing methods, resulting in lower raw material prices compared to market quotes [4]. Group 3: Competitive Advantages - The company has a production capacity of 376,800 tons as of 2020, which creates a significant barrier to entry for competitors due to high investment and long construction periods for production facilities [4]. - The company has a dedicated R&D team of over 60 members, ensuring the ability to meet evolving customer demands and maintain technological competitiveness [5]. Group 4: Industry Trends and Market Position - The acrylic emulsion industry is experiencing consolidation due to stricter environmental regulations, which pressure smaller companies, while larger firms with robust R&D capabilities are favored by downstream clients [5]. - Major players in the domestic market include Baolijia and Badfu, with foreign companies like Dow Chemical and BASF holding smaller market shares, posing limited competitive pressure in the short term [5].

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：20220114 | --- | --- | --- | --- | --- | |------------------------|------------------------------|------------------------------------------------------|-------|-----------------------------------------------------------------------------------------------------------| | | | | | | | 投资者 关系活 | | 特定对象调研 □分析师会议 | | | | 动类别 | □新闻发布会 | □媒体采访 □业绩说明会 □路演活动 | | | | | □现场参观 | | | | | | □其他 | | | | | 参与单 位名称 | | | | 长城证券：濮阳；长江证券：张弛；海通证券：朱军军、胡 | | 及人员姓名 | | | | 歆；兴业证券：季贤 ...

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].