AIM(SZ:300446)2019-08-02 16:00Financial Performance - Total revenue for the reporting period was ¥123,998,737.43, an increase of 3.38% compared to the same period last year[25]. - Net profit attributable to shareholders was ¥48,170,658.60, reflecting a growth of 5.01% year-over-year[25]. - Net profit after deducting non-recurring gains and losses was ¥45,370,533.64, up 7.53% from the previous year[25]. - Net cash flow from operating activities decreased by 22.77% to ¥36,507,325.51 compared to the same period last year[25]. - The company's sales revenue for information anti-counterfeiting materials reached RMB 115.62 million, a decrease of 2.30% compared to the same period last year[51]. - Sales revenue for electronic functional materials was RMB 8.38 million, representing a significant increase of 425.30% year-on-year[51]. - The company achieved a gross margin of 61.01% for information anti-counterfeiting materials, which is an increase of 1.10% compared to the previous year[51]. Market Risks - The company faces risks due to the concentration of its market in the domestic railway passenger transport sector, which may significantly impact performance if orders from China Railway Corporation decrease[5]. - There is a risk of declining product prices for thermal magnetic tickets as market competition increases, potentially affecting the company's gross margin and profitability[6]. - The company is facing risks due to the decline in demand for magnetic stripe cards as a result of the EMV migration policy, which aims to enhance payment security and reduce fraud[86]. - The company's main product, thermal magnetic tickets, has a concentrated market primarily in the domestic railway passenger transport sector, which poses a risk if orders from China Railway Corporation decrease significantly[87]. Product Development and R&D - The company has increased its R&D investment and now holds 28 patents, including 18 invention patents[40]. - The company has expanded its product offerings in electronic functional materials, including electromagnetic wave protection films and pressure testing films[37]. - New product sales, such as electromagnetic wave protective films and pressure testing films, have begun but have not yet significantly impacted overall performance; the company acknowledges the risk of sales not meeting expectations[9]. - The company plans to expand its market share by developing new applications for magnetic stripe products and enhancing its product offerings to mitigate the impact of EMV migration[86]. - The company will increase R&D investment and accelerate the development and market introduction of new products to adapt to market changes and enhance competitiveness[88]. Investment and Fund Management - The total amount of raised funds is RMB 111.53 million, with RMB 9.63 million invested during the reporting period[59]. - Cumulative investment of raised funds reached RMB 32.64 million, with a remaining balance of RMB 92.64 million[59]. - 82.80% of the raised funds have been repurposed, totaling RMB 92.35 million[59]. - The project "Research and Development Base for Electronic Materials" has a total investment commitment of RMB 92.35 million, with 0% investment progress reported as of the end of the period[61]. - The "R&D Center Construction Project" has a total investment commitment of RMB 31 million, with 105.28% investment progress reported, totaling RMB 32.64 million[61]. - The company has redirected 92.35 million RMB of raised funds to the "Leka New Materials Electronic Materials R&D and Industrial Base Project" to enhance resource allocation and accelerate project development[70]. Shareholder Commitments and Governance - The company does not plan to distribute cash dividends or issue bonus shares, indicating a focus on reinvestment rather than shareholder returns[9]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, ensuring stability in shareholding[101]. - The company will not reduce its holdings of shares by more than 50% within 24 months after the lock-up period, with the reduction price not lower than the issue price[102]. - The company has pledged to avoid any competition with its main business activities and will not engage in any competitive activities directly or indirectly[109]. - The company will ensure that any related transactions with its controlled companies will be conducted on a fair and reasonable basis, adhering to the company's articles of association[115]. - The company has committed to maintaining the stability of its stock price for 36 months from the date of listing[119]. Environmental Compliance - The company has maintained compliance with environmental standards, with wastewater COD emissions at 41 mg/L, below the standard of ≤50 mg/L[174]. - The wastewater treatment plant has been operational since January 2015, functioning normally[178]. - The new RTO organic waste gas treatment facility was completed and put into use in 2019, replacing existing facilities[178]. - The company installed a VOCs online monitoring system for continuous monitoring of emissions at the new RTO facility[178]. - The company has not reported any exceedances in its self-monitoring environmental plan during the reporting period[182]. Shareholder Structure - The largest shareholder, China Lucky Group Co., Ltd., holds 30.61% of the shares, totaling 37,590,154 shares[196]. - Sun Huiming, a natural person, owns 3.22% of the shares, amounting to 3,959,272 shares[196]. - Liu Yanfeng, another natural person, holds 2.46% of the shares, which is 3,024,600 shares[196]. - Qu Guojun possesses 1.29% of the shares, totaling 1,590,174 shares[196]. - China Agricultural Bank's subsidiary holds 1.22% of the shares, equating to 1,495,672 shares[196]. - The top ten unrestricted shareholders do not have any related party relationships or act in concert[199].