Financial Performance - The company's operating revenue for the reporting period was ¥310,969,530.07, representing a 1.51% increase compared to ¥306,347,579.69 in the same period last year[25]. - The net profit attributable to shareholders decreased by 29.83% to ¥50,587,771.83 from ¥72,092,925.43 year-on-year[25]. - The net profit after deducting non-recurring gains and losses fell by 35.48% to ¥45,759,311.95 from ¥70,922,408.44 in the previous year[25]. - The company's cash flow from operating activities turned negative at -¥25,345,844.63, a decline of 154.74% compared to ¥46,304,649.00 in the same period last year[25]. - Basic and diluted earnings per share decreased by 39.85% to ¥0.7227 from ¥1.2015 year-on-year[25]. - Total assets increased significantly by 142.80% to ¥1,607,391,383.48 from ¥662,013,939.69 at the end of the previous year[25]. - The net assets attributable to shareholders rose by 214.37% to ¥1,485,053,227.61 from ¥472,390,521.68 at the end of the previous year[25]. - The company reported a revenue of 1.5 billion RMB for the first half of 2022, representing a year-over-year increase of 20%[111]. - The company reported a significant increase in revenue for the first half of 2022, achieving a total of 500 million RMB, representing a 25% year-over-year growth[120]. Research and Development - Research and development investment rose by 6.50% to ¥11,073,706.75, indicating a continued focus on innovation[52]. - The company has obtained a total of 55 patents, enhancing its competitive edge in the polyester film sector[34]. - The company holds 55 patents, including 15 invention patents, showcasing its strong focus on technology research and product innovation[44]. - Research and development expenses increased by 30% to 200 million RMB, focusing on new technology innovations[114]. - The company is investing 30 million in R&D for new technologies aimed at enhancing product efficiency[119]. - Research and development investments have increased by 30%, focusing on artificial intelligence and machine learning technologies[145]. Market and Product Development - The company focuses on differentiated, functional BOPET film production, catering to various industrial applications including electronics and packaging[34]. - The polyester film industry in China has seen rapid development due to increased policy support and rising domestic demand[33]. - The company plans to expand its product line to include optical film base materials, enhancing its functional film product series[45]. - The company reported a significant growth in the automotive sector, with new energy vehicle sales reaching 2.66 million units in the first half of 2022, a year-on-year increase of 118.2%[41]. - The solar energy sector saw a 25.8% year-on-year growth in solar power generation capacity, reaching approximately 340 million kilowatts by June 2022[42]. - The company has developed a diverse range of polyester films, including colored, transparent, and functional films, with a total of 8 color series available for various applications[35]. - The company aims to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[126]. - A strategic acquisition of a local tech firm is anticipated to enhance the company's product offerings and customer base[112]. Operational Risks and Compliance - The company faces various operational risks, which are detailed in the report, along with corresponding mitigation strategies[4]. - The report emphasizes the importance of accurate and complete financial reporting, with all board members present for the meeting[4]. - The report outlines the company's commitment to transparency and compliance with relevant laws and regulations[4]. - The company has passed ISO9001:2015 and ISO14001:2015 certifications, ensuring product quality and stability[49]. - The company is committed to fulfilling its social responsibilities and environmental obligations[98]. - The company has implemented measures to reduce carbon emissions, including the treatment of wastewater and recycling of cooling water[99]. - The company emphasizes legal compliance and corporate governance, enhancing its internal control systems and ensuring timely information disclosure[103]. Shareholder and Governance Matters - The company plans not to distribute cash dividends, issue bonus shares, or increase capital using reserves[5]. - The company did not distribute cash dividends or issue bonus shares for the first half of 2022[95]. - The company has committed to publicly explaining any failure to implement stock price stabilization measures and apologizing to shareholders[135]. - The company will stop distributing dividends and allowances for ten trading days if stabilization measures are not taken[135]. - The company will initiate a share buyback program within five working days after confirmation from regulatory authorities if any fraudulent issuance behavior is identified[155]. - The company will ensure compliance with relevant laws and regulations in managing and using raised funds[138]. - The company has committed to fulfilling all public commitments made during the issuance and listing process[161]. Customer and Market Engagement - The company has established stable partnerships with well-known clients, including Apple, Samsung, and Huawei, enhancing its customer base[50]. - The company has implemented a customer-oriented business model, focusing on the diverse needs of different industry clients to drive product innovation[43]. - The company conducted multiple investor communications, including a performance briefing on May 10, 2022[90]. - The company engaged in discussions about future development and operational status with various institutional investors[90]. - The company is focused on maintaining transparency and providing updates on its operational performance[90]. Financial Management and Investments - The total amount of funds raised by Hangzhou Heshun Technology Co., Ltd. was RMB 1,133,800,000, with a net amount of RMB 1,018,074,934 after deducting issuance costs[70]. - The company has committed to invest RMB 614,787,600 in various projects, with RMB 258,435,300 already allocated[73]. - The company reported a net increase in cash and cash equivalents of 5,268.51%, reaching ¥295,743,469.84, mainly due to funds raised from financing activities[52]. - The company will strengthen the management of raised funds to prevent usage risks, ensuring funds are used specifically for their intended purposes[138]. - The company will implement a special account storage system for raised funds to facilitate management and supervision[137]. Environmental and Social Responsibility - The company has established a dedicated safety management department to oversee safety production and conduct regular risk assessments[107]. - The company has adopted low-noise equipment and maintenance practices to minimize noise pollution from production lines[100]. - Solid waste, including packaging materials and organic solvents, is collected and disposed of by qualified units, contributing to recycling efforts[102]. - Environmental protection is prioritized, with strict adherence to national regulations for wastewater and air emissions management[106].

Financial Performance - The company's revenue for Q1 2022 was CNY 167,040,864.35, representing a 13.41% increase compared to CNY 147,294,985.32 in the same period last year[3] - Net profit attributable to shareholders decreased by 21.61% to CNY 29,356,177.86 from CNY 37,450,683.49 year-on-year[3] - The basic earnings per share decreased by 20.97% to CNY 0.49 from CNY 0.62 in the same period last year[3] - Total operating costs for Q1 2022 were ¥131,476,089.05, up 28.5% from ¥102,292,286.44 in the same period last year[19] - Net profit for Q1 2022 was ¥29,356,177.86, a decrease of 21.6% from ¥37,450,683.49 in Q1 2021[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -12,155,804.09, a decline of 224.57% compared to CNY 9,758,300.94 in the previous year[3] - Total cash outflow from operating activities was 60,060,381.50 yuan, down from 79,162,170.89 yuan in the previous year[21] - The company’s net increase in cash and cash equivalents for the period was 994,277,873.72 yuan, compared to a decrease of -11,672,679.60 yuan in the same period last year[22] - The company's cash and cash equivalents rose significantly by 1844.56% to CNY 1,048,181,216.90 due to funds received from fundraising activities[6] - Cash and cash equivalents at the end of the period totaled 1,045,383,716.90 yuan, up from 30,120,269.46 yuan at the end of the previous year[22] Assets and Liabilities - Total assets increased by 161.80% to CNY 1,733,161,026.10 from CNY 662,013,939.69 at the end of the previous year[3] - Current assets totaled ¥1,342,376,958.11, compared to ¥281,841,379.75 at the start of the year, indicating a substantial increase[17] - The total liabilities increased to ¥213,339,392.46 from ¥189,623,418.01, reflecting a rise in financial obligations[18] - The equity attributable to shareholders reached ¥1,519,821,633.64, up from ¥472,390,521.68 at the beginning of the year[18] Shareholder Information - The largest shareholder, Fan Heqiang, holds 18,850,000 restricted shares, which will be released on September 23, 2025[12] - The second-largest shareholder, Zhang Jing, holds 10,150,000 restricted shares, also set to be released on September 23, 2025[12] - The total number of restricted shares at the end of the reporting period is 61,032,387 shares[14] - The company has a total of 4,669,982 restricted shares held by Hangzhou Yuanning Huixin Investment Partnership, with a release date of March 23, 2023[12] - There are no changes in the number of restricted shares for the top shareholders during this reporting period[12] Government Support and Other Income - The company received government subsidies amounting to CNY 680,766.68, which contributed to a 96.82% increase in other income[6] Future Plans and Developments - The company plans to continue expanding its projects, particularly in the Renhe project, which is currently under construction[6] - The company has not reported any new product launches or technological developments in this quarter[13] - The company has not announced any market expansion or acquisition strategies in the current report[13] Financial Management - The company reported a financial income of ¥1,036,768.08 in Q1 2022, compared to ¥75,903.02 in the previous year, indicating improved financial management[19] - The weighted average return on equity fell to 6.03%, down 4.16% from 10.19% year-on-year[3] - Research and development expenses for Q1 2022 were ¥4,833,441.01, slightly down from ¥5,461,463.44 in Q1 2021[19] Stock Market Information - The company’s stock is currently listed on the Shenzhen Stock Exchange since March 23, 2022[15]

Financial Performance - The company achieved a total revenue of 639.62 million yuan in 2021, representing a year-on-year growth of 69.66%[83]. - The net profit attributable to shareholders reached 123.70 million yuan, an increase of 66.76% compared to the previous year[83]. - The company's operating revenue for 2021 was RMB 639,623,765.21, representing a 69.66% increase compared to RMB 377,008,501.40 in 2020[20]. - The net profit attributable to shareholders for 2021 was RMB 123,695,380.69, a 66.76% increase from RMB 74,174,387.49 in 2020[20]. - The net cash flow from operating activities was RMB 83,800,048.09, reflecting a 66.08% increase from RMB 50,458,987.19 in 2020[20]. - The total assets at the end of 2021 amounted to RMB 662,013,939.69, a 24.08% increase from RMB 533,552,984.39 at the end of 2020[21]. - The net assets attributable to shareholders increased by 35.47% to RMB 472,390,521.68 from RMB 348,695,140.99 in 2020[21]. - The basic earnings per share for 2021 was RMB 2.06, a 66.13% increase from RMB 1.24 in 2020[20]. - The weighted average return on equity for 2021 was 30.13%, up from 23.80% in 2020[20]. - The gross profit margin for the polyester film business was 31.90%, a decrease of 1.65% from the previous year[90]. Dividend Distribution - The company plans to distribute a cash dividend of 7.00 CNY per 10 shares (including tax) based on a total share capital of 80 million shares[5]. - The company reported a cash dividend of 56,000,000 CNY, which is 19.13% of the total distributable profit of 292,738,104.99 CNY[176]. - The company plans to distribute a cash dividend of ¥7 per 10 shares, totaling ¥56 million, subject to shareholder approval[179]. Market Strategy and Product Development - The company has a comprehensive strategy for market expansion and product development, focusing on polyester films and related technologies[12]. - The company is actively involved in research and development of new products, particularly in the polyester film sector[12]. - The company aims to enhance its production efficiency and reduce energy consumption through integrated manufacturing processes for multifunctional films[42]. - The company is focusing on developing differentiated products to meet the growing demand for functional polyester films in various applications[37]. - The company plans to expand its product line to include optical film base materials, enhancing its functional film product series[75]. - The company aims to improve the proportion of high-tech, high-value-added products in its sales mix by strengthening its marketing team and enhancing sales management[115]. Governance and Compliance - The company has established a solid governance structure with all board members present for the report's approval[5]. - The company is committed to maintaining the accuracy and completeness of its financial reports, as stated by its management[4]. - The company has established a comprehensive internal control system to effectively mitigate operational risks and ensure compliance with regulations[180]. - The company strictly complies with information disclosure regulations, providing accurate and timely information to stakeholders[136]. - The board of directors operates with strict adherence to legal and regulatory requirements, ensuring transparency and accountability in decision-making[132]. Research and Development - The company has a strong R&D capability, collaborating with universities to enhance its product innovation and development[75]. - The company has obtained dozens of patents, showcasing its strong product research and development capabilities[45]. - The company has implemented a comprehensive R&D management system to ensure efficient and stable technological development, allowing for proactive technology reserves[69]. - The company's R&D investment in 2021 amounted to ¥23,455,575.55, representing 3.67% of operating revenue, a decrease from 4.08% in 2020[99]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[5]. - The company has outlined its approach to addressing potential risks and challenges in the market[5]. - The company recognizes that raw material costs account for over 50% of its main business costs, making it vulnerable to price fluctuations in polyester chips, which are influenced by crude oil prices[119]. - The company faces risks from intensified market competition, particularly from foreign manufacturers with technological advantages in the high-end sector of the polyester film industry[120]. Customer and Supplier Relations - The company has established good cooperative relationships with downstream customers, leading to widespread recognition of its products both domestically and internationally[38]. - The company has established a rigorous supplier management system, assessing suppliers based on product quality, delivery cycles, credit qualifications, and service performance, ensuring a stable long-term partnership with quality suppliers[65]. - The company primarily sells domestically, with exports to countries like South Korea and Vietnam, and has dedicated teams for domestic and international market development[68]. Employee and Management - The total number of employees at the end of the reporting period was 361, with 78 in the parent company and 283 in major subsidiaries[171]. - The company has established a competitive salary structure aiming to position overall salary levels at the 50th percentile of the market[173]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 7.1495 million[160]. - The company has a performance evaluation system in place to support employee development and growth[193]. Environmental Responsibility - The company has focused on environmental protection measures, achieving no incidents of environmental pollution[195]. - The company has implemented measures to reduce carbon emissions, including wastewater treatment and noise reduction strategies[187][188]. - The company has not faced any environmental penalties and does not fall under the category of key pollutant discharge units[186].