江苏江南高纤股份有限公司 2020 年年度报告 1 / 130 2020 年年度报告 重要提示 2020 年年度报告 公司代码：600527 公司简称：江南高纤 本报告中涉及的未来计划、发展战略等前瞻性描述不构成对投资者的实质承诺，敬请投资者 注意风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 三、 立信会计师事务所（特殊普通合伙） 为本公司出具了标准无保留意见的审计报告。 四、 公司负责人陶冶、主管会计工作负责人朱崭华及会计机构负责人（会计主管人员）杨新艳声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2021 年 4 月 18 日，公司召开第七届董事会第十一次会议，审议通过《2020 年度利润分配的预案》， 拟以 2020 年 12 月 31 日的总股本 1,731,760,902 股基数，向全体股东每 10 股派发现金红利 1.00 元（含税），共计派发现金红利 173,176,090.20 元，剩余未分配利润结转下年度分配；上述利润 分配预案须经 2020 年年度股 ...

Financial Performance - Operating revenue for the first nine months rose by 8.87% to CNY 889,272,224.75 compared to the same period last year[7]. - Net profit attributable to shareholders increased by 317.43% to CNY 206,718,239.90 for the first nine months[7]. - Basic earnings per share rose by 317.48% to CNY 0.1194[7]. - The net profit attributable to shareholders reached CNY 206,718,239.90, a significant increase of 317.43% compared to the previous period, primarily due to the rise in sales prices of composite short fibers[12]. - Total revenue for Q3 2020 was CNY 223,976,299.36, a decrease of 19.7% compared to CNY 279,075,946.23 in Q3 2019[23]. - Net profit for the first three quarters of 2020 reached CNY 889,272,224.75, an increase of 8.8% compared to CNY 816,828,645.25 in the same period of 2019[23]. - The total profit for Q3 2020 was CNY 45.12 million, an increase of 65.8% from CNY 27.22 million in Q3 2019[27]. - The company achieved a total profit of CNY 242.17 million for the first three quarters of 2020, compared to CNY 57.49 million in the same period of 2019[27]. Assets and Liabilities - Total assets increased by 4.18% to CNY 2,591,869,092.88 compared to the end of the previous year[7]. - The total assets as of September 30, 2020, amounted to CNY 2,591,869,092.88, an increase from CNY 2,487,932,770.89 at the end of 2019[16]. - Total liabilities increased to CNY 161,597,573.50 as of September 30, 2020, from CNY 120,107,134.82 at the end of 2019[21]. - The company's equity attributable to shareholders reached CNY 2,362,114,561.11, an increase from CNY 2,300,442,448.16 at the end of 2019[21]. - Total assets as of September 30, 2020, were CNY 2,523,712,134.61, compared to CNY 2,420,549,582.98 at the end of 2019[21]. - The total liabilities were reported at 120,511,238.50 RMB, with current liabilities at 72,088,927.23 RMB and non-current liabilities at 48,422,311.27 RMB[37]. Cash Flow - Cash flow from operating activities decreased by 87.13% to CNY 17,376,945.89 compared to the same period last year[7]. - Cash and cash equivalents at the end of the period were CNY 314,663,127.26, down 59.98% from CNY 786,275,684.23, mainly due to the purchase of structured deposits[13]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 17,376,945.89, a decrease of 87.1% compared to CNY 134,997,885.46 in the same period of 2019[29]. - Cash inflow from operating activities totaled CNY 1,044,510,965.05, while cash outflow was CNY 1,027,134,019.16, resulting in a net cash flow of CNY 17,376,945.89[29]. - The company reported a significant increase in cash flow from operating activities, reflecting improved operational efficiency[23]. Investments and Expenses - Long-term equity investments decreased by 52.28% to CNY 8,862,378.86 primarily due to the recovery of investments[11]. - Investment income increased to CNY 6,782,254.86, up 206.95% from CNY 2,209,532.76, mainly due to higher interest income from structured deposits[12]. - The company reported a 38.03% increase in taxes and surcharges, totaling CNY 5,750,733.10, primarily due to increased business tax obligations[12]. - The company's financial expenses decreased by 65.04% to CNY -6,686,300.63, attributed to interest from structured deposits being included in investment income[12]. - The company recorded a credit impairment loss of CNY 89.51 million in Q3 2020, compared to a gain of CNY 76.26 million in Q3 2019[27]. Shareholder Information - The number of shareholders reached 89,355 at the end of the reporting period[8]. - The company received government subsidies totaling CNY 5,668,682.21 for the year-to-date[8]. Research and Development - Research and development expenses for Q3 2020 were CNY 14,233,437.32, up from CNY 12,269,193.84 in Q3 2019[23]. - The company's R&D expenses increased to CNY 14.23 million in Q3 2020, compared to CNY 12.27 million in Q3 2019, reflecting a growth of 15.97%[27].

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 665,295,925.39, representing a year-on-year increase of 23.72% compared to RMB 537,752,699.02 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached RMB 168,071,732.17, a significant increase of 544.43% from RMB 26,080,571.44 in the previous year[18]. - The basic earnings per share for the reporting period was RMB 0.0971, up 543.05% from RMB 0.0151 in the same period last year[19]. - Operating profit reached CNY 199.42 million, up 553.64% compared to the previous year[38]. - The overall comprehensive income for the first half of 2020 was ¥168,071,732.17, compared to ¥26,080,571.44 in the previous year, highlighting robust financial health[90]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of RMB 94,725,918.07, an increase of 21.45% compared to RMB 77,999,011.02 in the previous year[18]. - Cash and cash equivalents increased by 75.51% to ¥696,606,133.97 compared to ¥396,910,564.75 in the same period last year[43]. - Total cash inflow from sales of goods and services was CNY 839,045,073.49, an increase of 38% from CNY 608,863,397.13 in the first half of 2019[96]. - The net increase in cash and cash equivalents for the first half of 2020 was CNY 30,918,417.41, compared to a decrease of CNY 255,889,986.90 in the same period last year[97]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,590,332,480.93, reflecting a 4.12% increase from RMB 2,487,932,770.89 at the end of the previous year[18]. - Current liabilities rose significantly to CNY 151,504,846.64, compared to CNY 72,088,927.23, marking an increase of about 109.9%[81]. - The total liabilities increased to CNY 199,152,624.87 from CNY 120,511,238.50, which is an increase of approximately 65.2%[81]. - Total current assets as of June 30, 2020, amount to 1,498,773,863.71 RMB, compared to 1,393,052,256.30 RMB as of December 31, 2019, reflecting an increase of approximately 7.6%[79]. Production Capacity and Operations - The company has a current production capacity of 190,000 tons for composite short fibers, with an additional 40,000 tons production line under construction, expected to bring total capacity to 230,000 tons upon completion[23]. - The company’s polyester staple fiber production capacity is currently 36,000 tons, which will increase to 42,000 tons after technical upgrades[23]. - The company completed the installation of a production line for high-performance composite short fibers, which has entered trial production[39]. Research and Development - Research and development expenses rose by 24.26% to CNY 21.31 million, indicating increased investment in innovation[41]. - The company is recognized as a national high-tech enterprise, emphasizing its commitment to technological advancement[32]. Shareholder Information - The total number of shares increased from 1,443,134,085 to 1,731,760,902, representing an increase of 288,626,817 shares due to a capital reserve conversion plan implemented on June 2, 2020[64]. - The largest shareholder, Tao Guoping, holds 458,792,006 shares, representing 26.49% of the total shares, with an increase of 76,465,334 shares during the reporting period[69]. Environmental and Regulatory Compliance - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental authorities[58]. - The company reported that all monitored pollutants from its wastewater discharge met the required standards, with no exceedances noted for total phosphorus, COD, ammonia nitrogen, and total nitrogen[55]. - The company conducted quarterly monitoring of pollutant emissions through a third-party testing agency, with all results conforming to discharge standards[59]. Risks and Challenges - The company faces risks related to industry policy changes, environmental regulations, and reliance on the textile industry[47][48]. - The company has no significant risks or non-operating fund occupation by controlling shareholders and their affiliates[5]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position accurately[116]. - There were no significant changes in accounting policies or estimates compared to the previous accounting period[60]. - The company executed the new revenue recognition standard starting January 1, 2020, adjusting the retained earnings and related financial statement items accordingly[182].

Financial Performance - The company's operating revenue for the first half of 2020 was RMB 665,295,925.39, representing a year-on-year increase of 23.72% compared to RMB 537,752,699.02 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached RMB 168,071,732.17, a significant increase of 544.43% from RMB 26,080,571.44 in the previous year[18]. - The basic earnings per share for the first half of 2020 was RMB 0.0971, up 543.05% from RMB 0.0151 in the same period last year[19]. - Operating profit reached CNY 199.42 million, up 553.64% compared to the previous year[39]. - The company reported a net profit margin improvement, with undistributed profits rising to ¥493,820,346.74 from ¥470,062,023.07, an increase of approximately 5.4%[81]. - The total profit for the first half of 2020 was RMB 197,948,692.00, compared to RMB 30,508,646.36 in the same period of 2019[89]. - The company reported a significant increase in cash received from sales, totaling CNY 839,045,073.49 in the first half of 2020, up from CNY 608,863,397.13 in the previous year[96]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of RMB 94,725,918.07, an increase of 21.45% compared to RMB 77,999,011.02 in the previous year[18]. - Cash and cash equivalents increased by 75.51% to ¥696,606,133.97 compared to ¥396,910,564.75 in the same period last year[43]. - The net increase in cash and cash equivalents for the first half of 2020 was CNY 30,918,417.41, compared to a decrease of CNY 255,889,986.90 in the first half of 2019[97]. - The ending balance of cash and cash equivalents as of June 30, 2020, was CNY 416,889,753.12, down from CNY 746,094,887.82 at the end of June 2019[97]. - The total amount of cash and cash equivalents with restrictions due to pledges or freezes is ¥280,464,522.28[195]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,590,332,480.93, reflecting a 4.12% increase from RMB 2,487,932,770.89 at the end of the previous year[18]. - Total current assets as of June 30, 2020, amount to 1,498,773,863.71 RMB, compared to 1,393,052,256.30 RMB as of December 31, 2019, reflecting an increase of approximately 7.6%[79]. - Current liabilities rose significantly to ¥151,504,846.64, compared to ¥72,088,927.23, marking an increase of about 109.9%[81]. - The total liabilities increased to ¥199,152,624.87 from ¥120,511,238.50, representing a growth of about 65.2%[81]. - The company maintains a low debt ratio, ensuring a stable financial structure for future investments[34]. Production Capacity and Market Demand - The company has a current production capacity of 190,000 tons for composite short fibers, with an additional 40,000 tons production line under construction, expected to bring total capacity to 230,000 tons upon completion[23]. - The company’s polyester staple fiber production capacity is currently 36,000 tons, which will increase to 42,000 tons after technical upgrades[23]. - The increase in revenue and net profit is primarily attributed to the rising demand in the downstream non-woven fabric market and the increase in sales volume and prices of composite short fibers[19]. - The company completed the installation of a production line for high-performance composite short fibers with an annual capacity of 40,000 tons, which has entered trial production[39]. Research and Development - Research and development expenses increased by 24.26% to CNY 21.31 million, reflecting a focus on innovation[41]. - The company is recognized as a national high-tech enterprise, emphasizing its commitment to technological advancement[32]. Environmental Compliance - The company reported no exceedances in pollutant discharge standards, with total phosphorus discharge at 0.0021 tons against a permitted limit of 0.222 tons[55]. - The company has implemented an environmental monitoring plan, with quarterly third-party testing confirming compliance with discharge standards[59]. - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental authorities[58]. Shareholder Information - The largest shareholder, Tao Guoping, holds 458,792,006 shares, representing 26.49% of the total shares, with an increase of 76,465,334 shares during the reporting period[69]. - The total number of shares increased from 1,443,134,085 to 1,731,760,902, representing a capital increase of 288,626,817 shares through a stock dividend of 2 shares for every 10 shares held[64]. Accounting and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements reflect a true and complete picture of its financial status[116]. - The company’s accounting period runs from January 1 to December 31 each year[117]. - The company adopted the new revenue recognition standard effective January 1, 2020, adjusting relevant financial statement items accordingly[184]. - The company has not disclosed any major related party transactions during the reporting period[54].

2020 年第一季度报告 公司代码：600527 公司简称：江南高纤 江苏江南高纤股份有限公司 2020 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2020 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上 年度末增减(%) | | --- | --- | --- | --- | | 总资产 | 2,520,616,236.16 | 2,487,932,770.89 | 1.31 | | 归属于上市公司股东的净资产 | 2,375,351,888.49 | 2,367,421,532.39 | 0.33 | | | 年初至报告期末 | 上年初至上 | 比上年同期增减 | | | | 年报告期末 | (%) | | 经营活动产生的现金流量净额 | 107,783,124.30 | 29,924,799.65 | 260.18 | | | 年初至报告期末 | ...

2019 年年度报告 公司代码：600527 公司简称：江南高纤 江苏江南高纤股份有限公司 2019 年年度报告 1 / 127 2019 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人陶冶、主管会计工作负责人朱崭华及会计机构负责人（会计主管人员）杨建根 声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 2020 年 4 月 18 日，公司召开第七届董事会第五次会议，审议通过《2019 年度利润分配及资本 公积金转增股本的预案》，拟以 2019 年 12 月 31 日的总股本 1,443,134,085 股基数，向全体股 东每 10 股派发现金红利 1.00 元（含税），共计派发现金红利 144,313,408.50 元，本次分配后 的未分配利润余额结转至以后年度；同时以资本公积金向全体股 ...

2019 年第三季度报告 公司代码：600527 公司简称：江南高纤 江苏江南高纤股份有限公司 2019 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2019 年第三季度报告 一、 重要提示 单位：元 币种：人民币 3 / 27 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陶冶、主管会计工作负责人朱崭华及会计机构负责人（会计主管人员）杨 建根保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 2019 年第三季度报告 情况表 单位：股 | 股东总数（户） | | | | | | 58,353 | | --- | --- | --- | --- | --- | --- | --- | | | | | 前十名股 ...

2019 年半年度报告 公司代码：600527 公司简称：江南高纤 江苏江南高纤股份有限公司 2019 年半年度报告 1 / 104 2019 年半年度报告 重要提示 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成对投资者的实质承诺，敬请投资 者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 无 否 九、 重大风险提示 无 十、 其他 □适用 √不适用 2 / 104 一、本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人陶冶、主管会计工作负责人朱崭华及会计机构负责人（会计主管人员）杨建根声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 | 第一节 | 释义 4 | | --- | --- | | 第二节 | 公司简介和主要财务指标 ...

Financial Performance - Net profit attributable to shareholders decreased by 42.38% to CNY 8,935,575.70 from CNY 15,506,498.96 year-on-year[5] - Operating revenue declined by 8.63% to CNY 280,695,775.19 compared to CNY 307,199,439.51 in the same period last year[5] - Total operating revenue for Q1 2019 was CNY 280,695,775.19, a decrease of 8.2% compared to CNY 307,199,439.51 in Q1 2018[21] - Net profit for Q1 2019 was CNY 8,935,575.70, a decline of 42.5% from CNY 15,506,498.96 in Q1 2018[22] - Operating profit for Q1 2019 was CNY 9.47 million, down 48.5% from CNY 18.39 million in Q1 2018[24] - Total comprehensive income for Q1 2019 was CNY 9.02 million, down 44.5% from CNY 16.19 million in Q1 2018[25] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 70,243,630.77, a turnaround from a negative CNY 21,953,812.06 in the previous year[5] - Cash flow from operating activities generated a net inflow of CNY 70.24 million, compared to a net outflow of CNY 21.95 million in Q1 2018[27] - Net cash flow from operating activities increased significantly to CNY 77,718,035.50, compared to CNY 7,114,277.45 in the same period last year[28] - The net cash flow from investment activities was negative at CNY -177,154,920.48, compared to CNY -29,310,199.83 in the previous year[28] - Cash outflow from investing activities was CNY 177.15 million, compared to CNY 35.31 million in Q1 2018[27] Assets and Liabilities - Total assets increased by 0.50% to CNY 2,513,214,107.71 compared to the end of the previous year[5] - The total current assets as of March 31, 2019, were ¥1,482,484,249.30, down from ¥1,616,580,395.18 as of December 31, 2018[12] - The total liabilities increased to ¥75,494,735.97 from ¥72,239,482.08 at the end of 2018[14] - Total liabilities for Q1 2019 were CNY 78,440,898.20, an increase from CNY 72,041,957.22 in Q1 2018[18] Shareholder Information - The number of shareholders totaled 63,820 at the end of the reporting period[7] - The largest shareholder, Tao Guoping, holds 26.49% of the shares, with 240 million shares pledged[7] Research and Development - Research and development expenses decreased by 31.51% to CNY 6,361,719.35 compared to CNY 9,288,539.67 in the previous year[8] - The company reported a decrease in research and development expenses to CNY 6,361,719.35 from CNY 9,288,539.67 in Q1 2018, a reduction of 31.3%[21] - Research and development expenses decreased to CNY 6.36 million, a reduction of 31.5% from CNY 9.29 million in Q1 2018[24] Income and Expenses - The weighted average return on equity decreased by 0.25 percentage points to 0.37%[5] - The company reported a significant increase in interest income, which rose by 292.24% to CNY 10,956,182.26 compared to CNY 2,793,249.09 in the previous year[8] - The company’s financial expenses showed a net income of CNY -3,093,339.58 in Q1 2019, compared to CNY -2,768,006.18 in Q1 2018[21] Other Financial Metrics - Earnings per share for Q1 2019 was CNY 0.0062, compared to CNY 0.0107 in Q1 2018[22] - Basic and diluted earnings per share for Q1 2019 were both CNY 0.0063, a decrease from CNY 0.0112 in Q1 2018[25] - Other comprehensive income after tax for Q1 2019 was CNY 201,917.50, compared to a loss of CNY 194,407.75 in Q1 2018[22] Cash and Cash Equivalents - Cash and cash equivalents decreased by 123.84% year-on-year, totaling -¥114,750,320.89, primarily due to cash payments for goods[9] - Cash and cash equivalents at the end of Q1 2019 were CNY 887.23 million, down from CNY 1.16 billion at the end of Q1 2018[27] - The net decrease in cash and cash equivalents for the quarter was CNY -105,726,049.49, compared to CNY -22,195,922.38 in Q1 2018[29] Government Subsidies - Government subsidies recognized in the current period amounted to CNY 387,266.53, an increase of 154.42% year-on-year[8] Inventory and Receivables - The accounts receivable decreased to ¥124,764,965.39 from ¥157,056,525.62 year-on-year[12] - The inventory decreased to ¥390,251,400.58 from ¥404,385,569.24 year-on-year[12] Non-Current Assets - The non-current assets totaled ¥1,030,729,858.41, an increase from ¥884,240,965.44 at the end of 2018[13] Retained Earnings - The retained earnings increased to ¥547,409,322.17 from ¥538,473,746.47 at the end of 2018[14] Financial Standards - The company did not apply new financial instrument standards or new revenue recognition standards in the current reporting period[29]

Financial Performance - The company's operating revenue for 2018 was CNY 1,371,556,562.95, a decrease of 4.05% compared to CNY 1,429,411,737.99 in 2017[21] - The net profit attributable to shareholders of the listed company reached CNY 88,417,327.30, representing an increase of 26.21% from CNY 70,055,663.26 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 86,130,359.31, up 34.93% from CNY 63,833,301.67 in 2017[21] - Basic earnings per share increased by 24.49% to CNY 0.061 in 2018 compared to CNY 0.049 in 2017[22] - The company's net profit attributable to shareholders for Q4 2018 was CNY 35,289,074.35, representing a significant increase from CNY 15,506,498.96 in Q1 2018[24] - The total operating income for Q4 2018 reached CNY 389,813,642.62, up from CNY 307,199,439.51 in Q1 2018, indicating a strong growth trend[24] - Operating profit reached CNY 98.04 million, an increase of 29.47% compared to the previous year[42] - The report indicates that there are no changes in the controlling shareholder during the reporting period[123] Cash Flow and Assets - The net cash flow from operating activities was negative at CNY -26,490,082.62, a significant decline of 130.95% compared to CNY 85,578,004.30 in 2017[21] - The total assets at the end of 2018 were CNY 2,500,821,360.62, down 2.63% from CNY 2,568,303,313.73 at the end of 2017[21] - The net assets attributable to shareholders of the listed company were CNY 2,428,581,878.54, a decrease of 2.28% from CNY 2,485,180,080.99 in 2017[21] - The total liabilities decreased to CNY 72,239,482.08 from CNY 83,123,232.74, a decline of approximately 13.1%[164] - Current assets decreased to CNY 1,616,580,395.18 from CNY 1,811,500,846.79, representing a reduction of about 10.8%[163] - Cash and cash equivalents were reported at CNY 1,006,840,629.41, down from CNY 1,223,049,696.00, indicating a decrease of approximately 17.7%[163] Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 144,313,408.50, subject to approval at the annual general meeting[5] - In 2018, the company distributed a cash dividend of CNY 1.00 per 10 shares, totaling CNY 144.31 million, representing 163.22% of the net profit attributable to ordinary shareholders[89] - The total number of ordinary shareholders decreased from 64,045 to 61,216 during the reporting period[114] - The largest shareholder, Tao Guoping, holds 382,326,672 shares, representing 26.49% of the total shares, with 240,000,000 shares pledged[117] Research and Development - The R&D investment totaled ¥47,685,599.33, accounting for 3.48% of operating revenue, with 91 R&D personnel representing 12.82% of the total workforce[52] - The company holds 18 effective invention patents and 13 utility model patents, showcasing its commitment to technological innovation[38] - The company has invested in research and development of various new products, including "high hydrophilic non-antimony water-needle special fibers" and "PE-PET composite ultra-short fibers"[65] Market and Production Capacity - The company has a production capacity of 36,000 tons for polyester wool strips and 190,000 tons for composite short fibers, with plans to expand to 42,000 tons and 230,000 tons respectively after technical upgrades[31] - The sales volume of polyester staple fiber was 18,375 tons, down 5.08% year-on-year due to a decline in the demand for ordinary polyester yarn[42] - The sales volume of composite short fibers increased by 18.55% year-on-year to 70,942 tons, driven by steady demand in the hygiene materials sector[42] - The company is the largest producer of polyester staple fiber in China, with strong pricing power and product quality[60] - The company is the largest domestic producer of composite short fibers, primarily focusing on ES fibers, with a leading quality level in the market[61] Environmental Compliance - The company has complied with environmental regulations, with all major pollutants discharged within the permitted limits[100] - The company has established an emergency response plan for environmental incidents in accordance with local environmental protection department requirements[104] - The company conducts quarterly monitoring of pollutant emissions through a third-party testing agency, with results consistently meeting emission standards[105] Governance and Management - The company has established a comprehensive investor relations management system to ensure timely and accurate information disclosure[141] - The company has a structured remuneration system for directors and senior management based on their roles and performance[133] - The company maintains a strict separation from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring independent operations[140] - The company has seen changes in its supervisory board leadership with the appointment of new members[134]