一、基本情况 安徽佳先功能助剂股份有限公司（以下简称"公司"）主营产品之一硬脂酰 苯甲酰甲烷（SBM）是 PVC 环保热稳定剂高端助剂，能够起到改善 PVC 的初期着 色、抑制锌烧、提高热稳定性的作用，具有可靠的安全和环保特性，是经美国 FDA 许可适用于食品、药品接触的 PVC 材料,广泛用于各种 PVC 制品，特别适用 于浅色透明制品，如玩具、食品包装袋、医疗器材及水杯等。为突破产能瓶颈， 退市进园后，公司实施建设了年产 3000 吨 SBM 生产装置，较好地满足了市场 需求。为进一步降低生产成本，提高生产效率，近期公司开展了 SBM 工艺提升 工作，通过采用新技术、先进的设备对生产工艺进行优化，促进质量效益双提升。 证券代码：430489 证券简称：佳先股份 公告编号：2023-069 安徽佳先功能助剂股份有限公司 关于公司完成 SBM 工艺优化改造的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别 及连带法律责任。 2023 年 8 月 28 日 二、对公司的影响 近年来，公司以"安全生产、精细管理、 ...

二、对公司的影响 近年来，公司坚持以"质量效益提升"为目标，以技术提升、设备升级和产 能提升为抓手，不断提升公司生产效率、降低生产成本，实现了生产指标稳步提 升。此次苯乙酮扩产改造的顺利完成，标志着公司在产能提升、挖潜增效方面再 次取得了"大提升"，将大力促进产品成本降低，有利于进一步积聚竞争优势， 巩固行业优势地位，提升公司经济效益。 特此公告。 证券代码：430489 证券简称：佳先股份 公告编号：2023-068 安徽佳先功能助剂股份有限公司 关于公司完成苯乙酮扩产改造的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别 及连带法律责任。 一、基本情况 苯乙酮是安徽佳先功能助剂股份有限公司（以下简称"公司"）主营产品二 苯甲酰甲烷（DBM）、硬脂酰苯甲酰甲烷（SBM）的主要原材料，被广泛应用于香 精香料、医药、农药等行业。 为降低生产成本，提高产品竞争力，2022 年公司实施了年产 5000 吨苯乙酮 项目建设，并于年底顺利完成投产运行，有效降低现有产品生产成本约 2500 元/ 吨，取得了较好的效果，对 ...

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 说明会类型 证券代码：430489 证券简称：佳先股份 公告编号：2023-055 安徽佳先功能助剂股份有限公司 2022 年年度报告业绩说明会预告公告 本次说明会采用网络方式召开。 1、中证网 投资者可登录中证路演中心（https://www.cs.com.cn/roadshow）参与本次 年度业绩说明会。 安徽佳先功能助剂股份有限公司（以下简称"佳先股份"或"公司"）已于 2023 年 4 月 27 日在北京证券交易所官方信息披露平台（www.bse.cn）披露了 《2022 年年度报告》（公告编号：2023-031）及《2022 年年度报告摘要》（公告 编号：2023-032），为方便广大投资者更深入了解公司 2022 年年度经营业绩的具 体情况，加强与投资者的互动交流，公司拟召开 2022 年年度报告业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2023 年 5 月 10 日（星期三）15:00-17:00 本次业绩说明会将 ...

Financial Performance - Operating revenue for Q1 2023 was CNY 123,896,832.71, down 10.21% year-on-year[9] - Net profit attributable to shareholders for Q1 2023 was CNY 10,918,247.70, a decrease of 32.27% compared to the same period last year[9] - Basic earnings per share for Q1 2023 were CNY 0.08, down 57.89% from CNY 0.19 in the previous year[10] - Total operating revenue for Q1 2023 was CNY 123,896,832.71, a decrease of 10.2% compared to CNY 137,978,313.65 in Q1 2022[36] - Net profit for Q1 2023 was CNY 11,002,361.23, a decline of 37.6% from CNY 17,692,461.57 in Q1 2022[37] - Basic earnings per share for Q1 2023 were CNY 0.08, down from CNY 0.19 in Q1 2022, reflecting a decrease of 57.9%[38] Cash Flow - The net cash flow from operating activities was -CNY 5,729,693.62, a decline of 251.85% year-on-year[9] - In Q1 2023, the company reported cash inflows from operating activities of CNY 117,883,403.67, a slight decrease from CNY 119,931,389.69 in Q1 2022[42] - The net cash flow from operating activities was negative at CNY -5,729,693.62, compared to a positive CNY 3,773,307.32 in the same period last year[42] - The total cash outflow from operating activities was CNY 123,613,097.29, compared to CNY 116,158,082.37 in the same period last year[42] - The company reported a net increase in cash and cash equivalents of CNY 7,067,530.17 for Q1 2023, compared to CNY 7,634,535.20 in Q1 2022[43] Assets and Liabilities - Total assets as of March 31, 2023, were CNY 916,765,802.60, a decrease of 2.64% compared to the end of 2022[9] - Current assets totaled CNY 396,690,468.86, down from CNY 434,494,587.73, indicating a decrease of about 8.69%[28] - Total liabilities decreased to CNY 359,061,312.89 from CNY 395,077,701.02, a reduction of about 9.1%[30] - The company's total liabilities increased to CNY 256,201,333.73 in Q1 2023, up from CNY 219,944,658.73 in Q1 2022, representing a growth of 16.4%[37] - Long-term borrowings increased to CNY 36,897,200.00 from CNY 16,897,200.00, representing a growth of about 118.5%[30] Shareholder Information - The total number of shares outstanding is 136,459,200, with 61.69% being unrestricted shares and 38.31% being restricted shares[20] - The largest shareholder, Bangbu Energy Group, holds 27.44% of the shares, totaling 37,440,002 shares[20] - The second largest shareholder, Bangbu Zhongcheng Investment, holds 7.34% of the shares, totaling 10,013,536 shares[20] - The company reported a total of 67,820,504 shares held by the top ten shareholders, accounting for 49.41% of the total shares[22] - The number of shareholders holding common stock is 8,746[20] Operational Developments - The company plans to complete the construction and commissioning of the diacid ester project in the first half of 2023, which is expected to contribute to performance growth in the second half of the year[11] - The company aims to enhance its production capacity and improve product quality through the successful trial production of the DBM Phase II and the new 2000-ton SBM project[11] - The company reported a significant increase in prepayments, which rose by 238.94% to CNY 11,155,800.00, mainly due to increased raw material payments by a subsidiary[12] Legal and Compliance - There were no significant legal disputes or arbitration matters reported during the period[25] - The company has provided guarantees for bank loans to its subsidiaries as part of its operational strategy[26] - Daily related party transactions have been executed as planned, with compliance to disclosure obligations[26] - The company has fulfilled its previously disclosed commitments in accordance with the public offering prospectus[26]

Joint Ventures and New Projects - The company established a joint venture, Anhui Jiaxian New Materials Technology Co., Ltd., with a registered capital of 70 million yuan, aiming to produce 45,000 tons of environmentally friendly plasticizers annually[5] - The company is advancing the construction of a 10,000-ton mixed diacid ester project and a 15,000-ton biodegradable materials functional additives project, with the first phase of the diacid ester project expected to be completed in 2023[7] - The new project post-delisting is expected to enrich the product variety and increase production capacity significantly[15] - The company has conducted thorough research and analysis on new projects, believing that investment in new projects will enhance future profitability[15] - The company is expanding production capacity with the construction of the DBM Phase II and SBM expansion projects, which are expected to enhance production efficiency[56] - New projects include a 10,000-ton annual capacity for diacid esters and a 15,000-ton biodegradable materials functional additives project, both of which are progressing steadily[56] - The company established a joint venture, Anhui Jiaxian New Material Technology Co., Ltd., with a registered capital of 70 million yuan, planning to invest 350 million yuan in a 45,000-ton annual capacity for rubber and plastic environmental additives[56] Financial Performance - The company's operating revenue for 2022 was approximately ¥567.35 million, representing an 18.33% increase compared to ¥479.48 million in 2021[33] - The net profit attributable to shareholders decreased by 3.08% to ¥60.30 million in 2022 from ¥62.22 million in 2021[33] - The gross profit margin fell to 15.83% in 2022, down from 22.96% in 2021[33] - The total assets increased by 13.39% to ¥941.61 million at the end of 2022, compared to ¥830.39 million at the end of 2021[35] - The total liabilities rose by 20.10% to ¥395.08 million at the end of 2022, up from ¥328.95 million at the end of 2021[35] - The net profit margin after deducting non-recurring gains and losses was ¥40.02 million, a decrease of 20.93% from ¥50.62 million in 2021[33] - The cash flow from operating activities increased by 27.02% to ¥74.98 million in 2022, compared to ¥59.03 million in 2021[38] - The basic earnings per share decreased by 39.73% to ¥0.44 in 2022 from ¥0.73 in 2021[33] - The company reported a non-recurring profit of ¥24.11 million in 2022, compared to ¥13.64 million in 2021[45] Research and Development - The company added 9 invention patents and 21 utility model patents during the reporting period, bringing the total to 121 patents, including 18 invention patents and 103 utility model patents[7] - The company has increased R&D investment in product development and process improvement, achieving several research outcomes[16] - The company is collaborating with Nanjing Xuelang Chemical Technology Co., Ltd. and Hefei University of Technology on various R&D projects, focusing on biodegradable materials and process optimization[102] - The company has ongoing R&D projects aimed at optimizing production processes and enhancing product quality, with completion expected by December 2022[101] - The company has a strong capacity to digest new production capacity, ensuring that the new projects can be fully utilized under current market demand conditions[119] - The company has established a high-quality R&D team to ensure that its technological advancements align with industry trends and customer needs[120] Environmental Commitment - The company is committed to environmental protection and has invested significantly in facilities and technology to comply with environmental regulations, facing potential increased costs due to stricter future standards[14] - The company has increased its investment in environmental protection, enhancing its environmental management capabilities[15] - The implementation of new environmental regulations is expected to accelerate the replacement of lead salt stabilizers with environmentally friendly alternatives, boosting demand for the company's products[59] - The company has optimized its production processes, significantly reducing wastewater discharge and achieving a 100% compliance rate for wastewater emissions[57] - The company is committed to improving safety production and environmental protection measures to mitigate potential risks[115] - The company has committed to enhancing its environmental governance capabilities through increased investment and technological improvements in pollution control[118] Market Position and Risks - The company’s main raw materials, including sodium methoxide, phenethyl ketone, and benzoic acid, accounted for over 50% of production costs in 2022, indicating a significant risk from raw material price fluctuations[14] - The company has a continuous competitive advantage through its technology and product R&D capabilities, but faces challenges from market demand changes and increased competition[15] - The main products include DBM, SBM, and stearates, indicating a relatively single product structure, which poses a risk if market conditions change[15] - The company faces risks related to raw material price fluctuations, with over 50% of production costs attributed to key raw materials[116] - The company has faced risks related to a single product structure, primarily producing PVC environmental heat stabilizers and additives, which could be impacted by market changes[120] Corporate Governance and Shareholder Commitments - The company made a commitment that during their tenure, the annual transfer of shares by directors and senior management cannot exceed 25% of their total shareholding[138] - The controlling shareholder and its parent company committed to avoiding competition with the company’s main business and will not engage in similar business activities during their shareholding period[138] - The company is currently fulfilling its commitments regarding non-competition agreements with controlling shareholders[134] - The company has established measures to ensure that it does not invest in or acquire businesses that compete with its main operations[138] - The company is in compliance with its commitments regarding related party transactions, which are being fulfilled as of the latest report[136] Employee and Management Changes - The company appointed a new general manager, Li Ping, following the resignation of the previous general manager, Huang Xiansheng[172] - The company has a new chairperson of the supervisory board, Yang Ailing, who replaced the previous chairperson, Wu Daqing[173] - The company’s independent director, Zhu Xiaozhe, resigned, and Chen Yingzhou was elected as the new independent director[166] - The total number of employees increased from 271 to 295, with a net addition of 29 employees during the reporting period[178] - The company implemented a performance evaluation system that combines monthly and annual assessments to enhance employee motivation and operational efficiency[181] Financial Management and Fund Utilization - The total amount of funds raised through public offerings in 2020 was RMB 202.56 million, with a net amount of RMB 183.02 million after deducting issuance costs of RMB 19.53 million[154] - During the reporting period, the company utilized RMB 11.34 million of the raised funds, specifically for the production project of 7,000t DBM and 1,000t SBM[154] - As of the end of the reporting period, the cumulative amount of raised funds used was RMB 145.38 million, leaving a balance of RMB 40.69 million in the special account for raised funds[154] - The company has postponed the overall investment progress of the R&D center construction project to improve fund utilization efficiency and profitability[157] - A proposal to change the use of raised funds for the R&D center to a project for producing 15,000 tons of biodegradable functional additives was approved in April 2023[157]

Financial Performance - The company achieved operating revenue of ¥567,345,870.57, an increase of 18.33% compared to the previous year[6] - Net profit attributable to shareholders decreased by 2.97% to ¥60,367,615.72[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 14.51% to ¥43,273,852.67[6] - Basic earnings per share decreased by 39.73% to ¥0.44[6] Assets and Equity - Total assets at the end of the reporting period were ¥948,109,438.34, a growth of 14.18% from the beginning of the period[6] - Shareholders' equity attributable to the company increased by 8.70% to ¥519,414,442.16[6] - The company's share capital increased by 60% to 136,459,200 shares due to a capital increase plan[7] Challenges and Risks - The decline in profit was attributed to factors such as the complex international political and economic environment and significant fluctuations in raw material prices[6] - The company implemented a planned production halt during the third quarter for project construction, impacting production and sales volumes[6] - Investors are advised to be cautious as the financial data is preliminary and unaudited, with final figures to be disclosed in the annual report[8]

安徽佳先功能助剂股份有限公司 2022 年第三季度报告 公告编号：2022-091 安徽佳先功能助剂股份有限公司 2022 年第三季度报告 公告编号：2022-091 | 释义项目 | | 释义 | | --- | --- | --- | | 公司、本公司、 | 指 | 安徽佳先功能助剂股份有限公司 | | 佳先股份 | | | | 蚌埠能源集团 | 指 | 蚌埠能源集团有限公司、曾用名蚌埠热电有限公司 | | 蚌埠投资集团 | 指 | 蚌埠投资集团有限公司 | | 中城创投 | 指 | 蚌埠中城创业投资有限公司 | | 新源热电 | 指 | 安徽新源热电有限公司 | | 蚌埠市国资委 | 指 | 蚌埠市人民政府国有资产监督管理委员会 | | 《公司法》 | 指 | 《中华人民共和国公司法》 | | 《证券法》 | 指 | 《中华人民共和国证券法》 | | 主办券商、国元 | 指 | 国元证券股份有限公司 | | 证券 | | | | 章程、《公司章 | 指 | 《安徽佳先功能助剂股份有限公司章程》 | | 程》 | | | | 三会 | 指 | 股东大会、董事会、监事会 | | 元、万元 | 指 | 人民币 ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 291,254,575.30, representing a 48.36% increase compared to CNY 196,322,181.66 in the same period last year [30]. - The net profit attributable to shareholders of the listed company reached CNY 36,507,812.04, marking a significant increase of 78.95% from CNY 20,401,288.29 year-on-year [30]. - The company's gross profit margin decreased to 19.78% from 22.17% in the previous year [30]. - The net profit after deducting non-recurring gains and losses was 25.82 million yuan, reflecting a growth of 34.65% [40]. - The company's operating profit increased by 82.10% to ¥46,456,879.88, supported by synchronized growth in production capacity and sales [58]. - The total revenue for the reporting period was CNY 289,474,950.18, representing a year-on-year increase of 48.81% [62]. - The company's net profit for the current period was ¥39,704,993.79, an increase of 84.33% compared to ¥21,539,754.53 in the previous year [55]. Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 900,944,415.08, an increase of 8.50% from CNY 830,385,178.37 at the end of the previous year [31]. - The total liabilities increased by 15.11% to CNY 378,647,631.44 from CNY 328,945,568.93 year-on-year [31]. - The company's asset-liability ratio (consolidated) increased to 42.03% from 39.61% year-on-year [31]. - Accounts receivable increased by 54.66% to ¥70,318,329.33, attributed to the expansion of business scale and increased sales revenue [49]. - The company's inventory grew by 95.18% to ¥87,969,771.63, driven by increased production capacity and planned stockpiling for new projects [49]. Research and Development - The company obtained 6 invention patents and 16 utility model patents during the reporting period, bringing the total to 114 patents, including 15 invention patents and 99 utility model patents [8]. - The company plans to focus on research and development in new products, although there are risks associated with market demand changes and the uncertainty of R&D outcomes [16]. - Research and development expenses rose by 54.61% to ¥10,789,005.78, reflecting increased investment in R&D activities [57]. - The company is increasing its R&D efforts to develop new products and expand application areas, aiming to create new profit growth points [79]. Environmental and Social Responsibility - The company has been recognized as an "Advanced Collective" in Anhui Province, affirming its commitment to high-quality development through technological and environmental advantages [6]. - The company donated 100,000 yuan in scholarships to students in Mohekou Town, reflecting its commitment to social responsibility and rural education support [7]. - The company completed the construction of a 100,000 cubic meter waste gas treatment system, ensuring compliance with environmental standards [42]. - The company is committed to continuous investment in environmental protection and improving its pollution control technologies [81]. Market and Competitive Risks - The company faces risks related to fluctuations in raw material prices, which could adversely affect its operating performance if not managed effectively [14]. - The company acknowledges the risk of market demand fluctuations in the PVC industry, which could impact its business performance [14]. - The company is subject to environmental regulations that may increase operational costs if compliance standards become more stringent in the future [15]. Shareholder and Capital Structure - The company distributed a cash dividend of 2.2 yuan (including tax) for every 10 shares and increased its total share capital from 85.287 million shares to 136.4592 million shares through a capital reserve conversion of 6 shares for every 10 shares [6]. - The largest shareholder, Bangbu Energy Group Co., Ltd., holds 27.44% of the shares, increasing its holdings by 14,040,001 shares during the reporting period [110]. - The total number of shareholders with more than 5% ownership is 10, holding a combined 52.56% of the company's shares [110]. - The company reported a total of 136,459,200 shares outstanding, with 61.40% being unrestricted shares and 38.60% being restricted shares [108]. Financial Commitments and Governance - The company is currently fulfilling its commitments related to non-competition agreements, ensuring no conflicts with its business operations [97]. - The company has established written agreements to ensure fair and reasonable transactions with related parties, maintaining the interests of all shareholders [97]. - The company has ongoing commitments regarding share transfer limitations, ensuring that no more than 20% of shares held can be transferred during the tenure of the executives [96]. - The company has made commitments regarding measures to compensate for any dilution of returns during the issuance process [100].

Financial Performance - The company achieved operating revenue of CNY 137,978,313.65, representing a year-on-year increase of 71.50%[16] - Net profit attributable to shareholders reached CNY 16,121,077.09, a significant increase of 207.18% compared to the same period last year[16] - The net profit after deducting non-recurring gains and losses was CNY 12,945,218.69, reflecting an increase of 188.60% year-on-year[16] - Total operating revenue for Q1 2022 reached ¥137,978,313.65, a significant increase of 71.5% compared to ¥80,453,788.81 in Q1 2021[43] - Net profit for Q1 2022 was ¥17,692,461.57, representing a 184.5% increase from ¥6,238,541.70 in Q1 2021[44] - The net profit attributable to the parent company was CNY 12,593,107.32, up 289.5% from CNY 3,237,390.67 in the same period last year[48] - Basic earnings per share increased to CNY 0.19 from CNY 0.07, reflecting a growth of 171.4%[49] Assets and Liabilities - The total assets as of March 31, 2022, amounted to CNY 869,212,288.95, up 4.68% from the end of the previous year[16] - Total assets reached ¥869,212,288.95, up from ¥830,385,178.37, marking a growth of about 4.7%[37] - Total liabilities increased to ¥350,114,615.60 from ¥328,945,568.93, which is an increase of approximately 6.4%[37] - Total liabilities rose to ¥257,038,750.34 in Q1 2022, compared to ¥237,381,710.05 in Q4 2021, an increase of 8.3%[41] - The company's total equity rose to ¥519,097,673.35, compared to ¥501,439,609.44, reflecting an increase of about 3.5%[37] - The company's total equity as of March 31, 2022, was ¥481,083,007.08, compared to ¥468,524,297.42 at the end of 2021, reflecting a growth of 2.3%[41] Cash Flow - The operating cash flow net amount was CNY 3,773,307.32, a decrease of 56.98% year-on-year due to proactive measures taken to secure raw material supplies[19] - The net cash flow from operating activities was CNY 3,773,307.32, down from CNY 8,772,032.59 in Q1 2021[52] - The net cash flow from operating activities in Q1 2022 was CNY -9,857,633.93, a significant decline from CNY 5,920,043.91 in Q1 2021[55] - The cash inflow from financing activities in Q1 2022 was CNY 20,000,000.00, with a net cash flow of CNY 19,020,448.97 after outflows[55] - The ending balance of cash and cash equivalents as of the end of Q1 2022 was CNY 132,206,011.59, down from CNY 176,340,069.40 at the end of Q1 2021[55] - The net increase in cash and cash equivalents for Q1 2022 was CNY -5,341,710.71, compared to CNY -37,017,513.03 in Q1 2021, indicating an improvement in cash flow management[55] Shareholder Information - The total number of unrestricted shares is 52,365,893, accounting for 61.40% of the total share capital[24] - The total number of restricted shares is 32,921,107, representing 38.60% of the total share capital[24] - The total share capital of the company is 85,287,000 shares[24] - The number of shareholders holding ordinary shares is 10,160[24] - The largest shareholder, Bangbu Energy Group, holds 23,400,001 shares, which is 27.44% of the total shares[25] - The second largest shareholder, Bangbu Zhongcheng Venture Capital, holds 6,258,460 shares, accounting for 7.34%[25] - The total shares held by the top ten shareholders amount to 44,570,490, which is 52.26% of the total shares[27] - The company has not issued any preferred shares during this period[28] - The company reported a decrease of 1,284,773 shares held by major shareholders[27] - There are no known relationships or concerted actions among shareholders, except for the control by the state-owned assets supervision[27] Operational Highlights - The company’s gross profit margin improved due to enhanced production processes and cost control measures[18] - The subsidiary, Shafeng New Materials, has commenced production, contributing to stable sales growth[18] - The company continues to focus on market expansion, particularly in the SBM market, which has seen record sales[18] - The company plans to continue expanding its market presence and investing in new product development to sustain growth[52] Research and Development - The company reported R&D expenses of ¥4,957,103.60 in Q1 2022, up from ¥3,277,182.95 in Q1 2021, indicating a 51.2% increase[44] - Research and development expenses for the quarter were CNY 2,183,942.94, an increase of 94.8% from CNY 1,120,949.64 in Q1 2021[48] Other Information - The company has committed to timely disclosures regarding external guarantees and daily related transactions, as per announcements 2022-024 and 2022-025[31] - The company reported no significant litigation or arbitration matters during the reporting period[30] - There were no profit distribution or capital reserve increase plans proposed by the board during the quarter[32] - The company has not engaged in any share repurchase activities during the reporting period[30]

Company Milestones - The company successfully listed on the Beijing Stock Exchange on November 15, 2021, marking a significant milestone[6]. - The company completed the demolition of the old factory site and passed the acceptance inspection for the relocation project on December 16, 2021[7]. - The company established Anhui Jiaxian International Trade Co., Ltd. with a registered capital of 20 million RMB to enhance import and export trade scale and competitiveness[8]. - The company signed a strategic cooperation agreement with China Everbright Bank to meet its diverse financial needs[9]. - The company was recognized as an advanced collective in industrial development by Bengbu City for the year 2021[7]. Production and Capacity - The production processes for the two main products, Diphenylmethane (DBM) and Stearoylbenzoylmethane (SBM), have matured, leading to increased output and yield to meet strong market demand[6]. - The company is focused on expanding its production capacity through the relocation project, which is expected to enhance its future profitability[16]. - The company has become one of the major suppliers of β-diketone compound industrial application environmental heat stabilizers, with significant production and sales volume[17]. - The company successfully launched a new production facility, which contributed to increased capacity and met strong market demand[52]. - The company completed major equipment procurement for a production capacity of 4,000t DBM and 1,000t SBM, with the remaining 3,000t DBM capacity yet to reach the intended usable state by the end of 2021[88]. Financial Performance - The company's operating revenue for 2021 reached ¥479,475,695.03, representing a 232.36% increase compared to ¥144,263,723.09 in 2020[31]. - The net profit attributable to shareholders was ¥62,218,046.24, a 126.28% increase from ¥27,496,344.22 in the previous year[31]. - The gross profit margin decreased to 22.96% in 2021 from 27.98% in 2020[31]. - Total assets increased by 6.43% to ¥830,385,178.37 at the end of 2021, compared to ¥780,213,940.64 at the beginning of the year[33]. - The company's debt-to-asset ratio (consolidated) improved to 39.61% from 42.08% in the previous year[33]. Research and Development - The company obtained 3 invention patents and 21 utility model patents during the reporting period, bringing the total to 92 patents[9]. - The company has increased its R&D investment in product development, process improvement, and mother liquor recovery, achieving multiple R&D results[17]. - The company plans to focus on research and development in new product areas, although there are challenges related to technology and market demand changes[17]. - Research and development expenses surged by 153.86% to ¥18,737,193.77, indicating a significant increase in R&D investment[70]. - The company developed five technical improvement projects in 2021 aimed at enhancing economic efficiency and reducing costs[103]. Market and Sales - Domestic sales accounted for 83.42% of total revenue, while export sales made up 16.58%, indicating a shift towards domestic market focus[80]. - The revenue from β-diketone products was CNY 213,154,963.36, with a gross margin of 37.70%, showing a 74.10% increase year-over-year[76]. - The revenue from the subsidiary Shafeng New Materials accounted for 55.13% of total revenue, up from 14.95% in the previous year, reflecting its full-year consolidation impact[80]. - The company aims to increase its import and export trade scale, particularly in stearate and other bulk raw materials, to steadily expand revenue capacity[115]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 300 million CNY allocated for this purpose[135]. Risk Management - The company’s main raw materials accounted for over 50% of production costs, indicating a significant risk related to raw material price fluctuations[16]. - The company has faced risks due to the COVID-19 pandemic, which may negatively impact downstream customers and overall financial performance if not effectively controlled[17]. - The company is facing risks related to the loss of core technical personnel and the potential leakage of core technologies, which are critical for maintaining competitive advantage[117]. - Environmental protection regulations are becoming stricter, and the company must ensure compliance to avoid potential operational disruptions[121]. - The company is enhancing its cooperation with raw material suppliers to stabilize supply and mitigate price fluctuation risks[118]. Corporate Governance - The company’s actual controller is the Bengbu State-owned Assets Supervision and Administration Commission[25]. - The board of directors consists of 9 members, while the supervisory board has 3 members[164]. - The total remuneration for the chairman of the board is RMB 968,200, while the total remuneration for the general manager is RMB 550,900[164]. - The company has made commitments to avoid related party transactions and ensure fair dealings to protect shareholder interests[137]. - The company has not faced any significant litigation or arbitration matters during the reporting period[126]. Community and Environmental Responsibility - The company has established the "Jiaxian Love Fund" to support local education, donating CNY 100,000 to students in the community[110]. - The company is committed to improving safety production and environmental protection, with plans to complete safety and environmental acceptance for its projects in 2022[115]. - The company is focused on the development of PVC processing series of environmentally friendly additives, leveraging its new park advantages for horizontal and vertical industry chain expansion[114]. - The demand for environmentally friendly PVC heat stabilizers is expected to grow significantly, driven by the phasing out of lead and cadmium stabilizers and the rise of high-efficiency calcium-zinc composite stabilizers[113]. - The company aims to improve product quality, diversify product offerings, and increase market share in response to growing demand for eco-friendly stabilizers[190].