Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,960,403,765.81, representing a 36.64% increase compared to CNY 2,166,504,242.47 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 376,529,966.15, up 48.50% from CNY 253,561,459.32 in the previous year[18]. - The net cash flow from operating activities was CNY 430,653,561.46, an increase of 28.64% compared to CNY 334,769,387.04 in the same period last year[18]. - Basic earnings per share increased to CNY 0.39, a 30.00% rise from CNY 0.30 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 352,332,302.00, reflecting a 48.11% increase from CNY 237,881,943.07 in the previous year[18]. - The company reported a significant decrease in financial expenses by 73.78% to ¥6,425,503.46, attributed to reduced interest expenses following the completion of convertible bond conversions[46]. - The company reported a net profit of 8,832,311.40 CNY from its subsidiary Alloy Company, contributing significantly to overall profitability[74]. - The company’s financial indicators, such as basic and diluted earnings per share, were affected by the conversion of convertible bonds, but this did not constitute a significant impact[133]. Revenue Breakdown - In the first half of 2021, the company's operating revenue, total profit, and net profit attributable to shareholders increased by 36.64%, 45.11%, and 48.50% respectively compared to the previous year[31]. - Revenue from the oil, chemical, and natural gas sector was ¥1,576,142,290.84, accounting for 53.24% of total revenue, with a year-on-year growth of 29.82%[48]. - Revenue from power equipment manufacturing surged by 115.41% to ¥396,540,474.70, increasing its share of total revenue from 8.50% to 13.39%[48]. - Revenue from seamless pipes was ¥1,607,650,312.15, which is 54.31% of total revenue, showing a year-on-year growth of 57.90%[52]. - Domestic sales accounted for 78.17% of total revenue at ¥2,314,056,776.51, reflecting a significant year-on-year increase of 70.40%[49]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,747,390,870.16, a decrease of 1.06% from CNY 6,819,629,679.33 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company decreased to CNY 4,688,072,828.27, down 2.43% from CNY 4,804,974,012.20 at the end of the previous year[18]. - The company's cash and cash equivalents decreased to ¥1,118,289,915.38, representing 16.57% of total assets, down from 18.23% at the end of the previous year[56]. - Total liabilities increased to CNY 1,914,478,047.71 from CNY 1,869,576,422.76, reflecting a growth of approximately 2.4%[165]. - Owner's equity decreased to CNY 4,832,912,822.45 from CNY 4,950,053,256.57, a decline of about 2.37%[166]. Research and Development - Research and development expenses rose by 29.85% to ¥111,480,640.21 from ¥85,856,322.57, indicating a commitment to innovation and product development[46]. - The company has strengthened its R&D team by introducing senior experts to focus on the development of special alloy products for the power, oil, and marine industries[32]. - The company has established a comprehensive R&D platform, including a research institute and various specialized research stations, with 377 R&D personnel and 114 effective patents[36]. Market Position and Strategy - The company is the largest professional manufacturer of industrial stainless steel pipes in China, recognized as a national high-tech enterprise and a key high-tech enterprise under the National Torch Program[25]. - The company has maintained the highest market share in the domestic stainless steel pipe industry, benefiting from the increasing demand in downstream sectors such as oil and gas, chemical, and power equipment manufacturing[27]. - The company aims to accelerate the development of high value-added stainless steel pipes to replace imports and fill domestic gaps, aligning with national policies on carbon neutrality[30]. - The company continues to focus on differentiated strategies in high-end product markets, leveraging its advantages in scale, R&D, customer resources, and brand quality[31]. Environmental and Social Responsibility - The company strictly adhered to national environmental protection standards, ensuring that all pollutant emissions met regulatory requirements[96]. - The company has not faced any significant environmental issues or major pollution incidents during the reporting period[96]. - The company emphasizes social responsibility, aiming to create a harmonious society and enhance self-development capabilities, contributing to local economic growth[103]. - The company has invested over 100 million yuan in environmental protection since 2017, focusing on clean production and resource conservation[106]. Shareholder and Capital Management - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[85]. - The controlling shareholder, Jiuli Group, transferred 26,700 shares to core management personnel, with no related party relationships involved[91]. - The company has committed to repurchase shares with a total amount not less than CNY 150 million and not exceeding CNY 300 million, with a maximum repurchase price of CNY 15.00 per share[129]. - The total number of ordinary shareholders at the end of the reporting period was 36,829[137]. Future Outlook - Future outlook includes plans for market expansion and potential new product development initiatives[167]. - The company is focused on expanding its production capacity in the stainless steel pipe manufacturing sector, with multiple projects under development[64].

Financial Performance - The company's operating revenue for 2020 was approximately ¥4.96 billion, an increase of 11.68% compared to ¥4.44 billion in 2019[14]. - The net profit attributable to shareholders for 2020 was approximately ¥771.53 million, representing a growth of 54.29% from ¥500.04 million in 2019[14]. - The net cash flow from operating activities reached approximately ¥1.33 billion, up 118.78% from ¥606.94 million in the previous year[14]. - The basic earnings per share for 2020 was ¥0.91, an increase of 54.24% compared to ¥0.59 in 2019[14]. - Total assets at the end of 2020 amounted to approximately ¥6.82 billion, reflecting a 14.07% increase from ¥5.98 billion at the end of 2019[14]. - The net assets attributable to shareholders increased by 40.49% to approximately ¥4.80 billion from ¥3.42 billion in 2019[14]. - The weighted average return on equity for 2020 was 20.96%, an increase of 5.59 percentage points from 15.37% in 2019[14]. - The total profit for 2020 reached approximately ¥903.13 million, a significant increase of 52.34% from ¥592.84 million in 2019, driven by increased R&D investment and market expansion[43]. - The revenue from overseas product sales reached RMB 1.83 billion, with a gross profit of RMB 650 million, both hitting record highs[36]. - The revenue from the overseas market surged by 86.51%, amounting to approximately ¥1.83 billion, while domestic revenue decreased by 9.57% to approximately ¥3.13 billion[45]. Research and Development - The company has established a comprehensive R&D platform, including a research institute and partnerships with prestigious universities, enhancing its innovation capabilities[26]. - The company filed 17 new research projects and completed 14 project verifications during the reporting period, along with 11 new patent applications and 33 proprietary technologies[38]. - The company’s R&D expenditure for 2020 was approximately ¥197.17 million, reflecting a 10.59% increase from ¥178.29 million in 2019[43]. - The number of R&D personnel increased by 11.61% to 375, with their proportion in the workforce rising to 12.33%[62]. - The company is committed to ongoing research and development in high-quality specialty alloy materials to maintain its competitive edge in the market[100]. Production and Capacity - The company has a production capacity of 120,000 tons of industrial stainless steel pipes annually, maintaining a leading market share in the domestic industry[28]. - The company achieved a production volume of 113,500 tons of industrial stainless steel pipes and a sales volume of 108,800 tons, marking a 14.34% increase in sales volume compared to last year[36]. - The sales volume of welded pipes increased by 23.51% to 59,267 tons, while the production volume rose by 30.59% to 62,404 tons[49]. Market and Competition - The company is facing competition from major international players such as Sandvik and 新日铁住金, which dominate the stainless steel pipe manufacturing market[100]. - The domestic market is characterized by a mix of state-owned, private, and foreign enterprises, with significant competition from companies like 江苏武进不锈 and 中兴能源装备[108]. - The company plans to enhance its technological capabilities and expand its product offerings in response to market demands and competition[100]. Dividend Policy - The company plans to distribute a cash dividend of ¥3.80 per 10 shares (including tax) to all shareholders[4]. - The cash dividend for 2020 represents 48.13% of the net profit attributable to ordinary shareholders, which was 771,525,018.23 CNY[136]. - The company has maintained a cash dividend policy where the annual cash distribution should not be less than 10% of the distributable profit for the year[130]. - The cumulative undistributed profits will be carried forward to future periods after the dividend distribution[134]. - The proposed cash dividend distribution is ¥3.80 per 10 shares (including tax), with no stock dividends or capital reserve transfers[139]. Environmental Compliance - The company has achieved compliance with national environmental standards, with no major environmental issues reported during the reporting period[177]. - The company has invested over 100 million CNY in environmental protection from 2017 to 2020, focusing on clean production and pollution prevention[173]. - The company is recognized as a key pollutant discharger by environmental protection authorities, indicating its commitment to environmental compliance[175]. Shareholder and Management Structure - The total number of shares increased from 841,537,803 to 964,548,767, reflecting a significant rise due to the conversion of convertible bonds[190]. - The number of shareholders holding more than 5% of shares includes Jiuli Group with 35.70% (344,358,073 shares) and Hong Kong Central Clearing Limited with 3.81% (36,782,993 shares)[193]. - The company’s management has undergone changes, leading to variations in the number of locked shares held by executives[186]. - The controlling shareholder, Jiu Li Group, has not undergone any changes during the reporting period[196]. Financial Management - The company has entrusted a total of 63 million CNY for financial management, with 40 million CNY in bank financial products and 23 million CNY in broker financial products[167]. - There are no overdue amounts for entrusted financial management, and no entrusted loans were reported during the period[168]. - The actual guarantee balance at the end of the reporting period was 13,650.00 thousand yuan, representing 2.84% of the company's net assets[164]. Strategic Initiatives - The company plans to invest in a new project to produce 10,000 tons of special alloy welded pipes for oil and gas transportation to enhance market competitiveness[36]. - The company aims to achieve a sales target of 126,300 tons for industrial stainless steel pipes and 6,400 tons for pipe fittings in 2021[116]. - The company is committed to exploring high-end manufacturing and carbon neutrality, aiming to upgrade product structures and enhance the supply capacity of mid-to-high-end products[115].

浙江久立特材科技股份有限公司 2020 年第三季度报告全文 浙江久立特材科技股份有限公司 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李郑周、主管会计工作负责人杨佩芬及会计机构负责人(会计主 管人员)陆海琴声明：保证季度报告中财务报表的真实、准确、完整。 1 浙江久立特材科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 2020 年第三季度报告 2020 年 10 月 浙江久立特材科技股份有限公司 2020 年第三季度报告全文 第一节 重要提示 非经常性损益项目和金额 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 403,802.85 | | | 越权审批、或无正式批准文件、或偶发性的税收返还、减免 | 155,739.29 | | | 计入当期损益的政府补助（与企业业务密切相关，按 ...