Financial Performance - The company reported a total revenue of 833.819 million RMB for the year 2022[1]. - The company's operating revenue for 2022 was CNY 8,160,945,922.95, representing a year-on-year increase of 9.90% compared to CNY 7,425,673,239.60 in 2021[28]. - The net profit attributable to shareholders for 2022 reached CNY 1,056,886,410.89, a significant increase of 121.93% from CNY 476,225,143.99 in 2021[28]. - The gross profit margin improved to 26.04% in 2022, up from 19.94% in 2021[28]. - The total assets as of the end of 2022 were CNY 12,546,601,755.66, reflecting a growth of 5.11% from CNY 11,936,256,003.60 in 2021[29]. - The total liabilities decreased to CNY 6,614,545,392.17, down by 6.91% from CNY 7,105,781,561.52 in 2021[29]. - The net cash flow from operating activities for 2022 was CNY 1,461,041,757.17, representing a substantial increase of 189.69% compared to CNY 504,351,652.33 in 2021[32]. - The weighted average return on equity for 2022 was 19.59%, significantly higher than 10.18% in 2021[28]. - The basic earnings per share for 2022 was CNY 0.86, a 120.51% increase from CNY 0.39 in 2021[28]. - The company reported a net profit growth rate of 134.08% in 2022 compared to 43.80% in 2021[34]. Market and Client Base - The company's major clients are domestic and international pesticide companies, indicating a strong reliance on the agricultural sector[11]. - Approximately 58.19% of the company's sales revenue came from international markets, highlighting its significant export activities[11]. - The company has formed long-term partnerships with major global agrochemical firms, ensuring a stable customer base[52]. Risks and Governance - The company faces risks related to the fluctuation of raw material prices, which can impact production costs and profitability[13]. - The effective tax rate for high-tech enterprises is currently set at 15%, which may change based on future compliance with relevant standards[11]. - The company has a concentrated ownership structure, with the controlling shareholder holding 47.07% of the shares, which may pose governance risks[10]. - The company has not reported any significant changes in major risks during the reporting period[12]. - The company emphasizes the importance of maintaining effective governance and internal controls as it expands its operations[10]. - The company is exposed to environmental protection risks due to increasing regulatory requirements in the chemical industry[12]. Research and Development - The company has invested in advanced R&D facilities and has been recognized for its GLP laboratory, which is the first of its kind in mainland China[48]. - Research and development expenses increased by 12.17% to ¥209,998,424.90, reflecting the company's commitment to innovation[65]. - The total number of patents held by the company increased to 350, up from 285 in the previous period, including 177 invention patents[103]. - The company is collaborating with Tianjin University on the research and development of new pesticide co-crystal products, providing research funding and technical materials[106]. Environmental Compliance - The company adheres to various environmental discharge standards, including GB18918-2002 and GB8978-1996[119]. - The company achieved compliance with air pollutant emission standards, including particulate matter at 3.456 tons/year and sulfur dioxide at 2.592 tons/year[120]. - The company is focused on expanding its market presence and enhancing compliance with environmental regulations[121]. - The company is actively developing new technologies to improve emission standards and wastewater treatment processes[121]. - The company has obtained environmental management system certification (GB/T24001-2016/ISO14001:2015) to ensure compliance with environmental regulations[137]. Strategic Planning and Future Outlook - The company plans to focus on strategic planning and operational efficiency to enhance product competitiveness and profitability in the future[60]. - The company aims to enhance its product competitiveness and develop a diverse product portfolio as part of its strategic planning for sustainable growth[148]. - The company is committed to maintaining high environmental standards while pursuing growth opportunities in the chemical industry[121]. - The company is committed to improving safety production management to mitigate risks associated with hazardous materials[163]. Financial Relationships and Commitments - The company has a total guarantee amount of CNY 3,288,750,000, with a guarantee balance of CNY 2,434,643,400[189]. - The company is actively managing its financial relationships with related parties, ensuring transparency in deposits, loans, and credit activities[190]. - The company has disclosed commitments and other significant matters as required[180]. - The company has ongoing commitments related to share dilution and price stabilization from its 2020 public offering[194].

Financial Performance - The company achieved operating revenue of CNY 8,191,000,371.69, an increase of 11.39% compared to the previous year[4] - Net profit attributable to shareholders reached CNY 1,049,085,089.75, representing a growth of 118.11% year-on-year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,070,385,527.76, up 114.13% from the previous year[4] - Basic earnings per share increased to CNY 0.86, a rise of 120.51% compared to the same period last year[4] Assets and Equity - Total assets at the end of the reporting period were CNY 12,507,539,504.26, reflecting a growth of 4.74% from the beginning of the period[5] - Shareholders' equity attributable to the company increased to CNY 5,850,621,632.10, up 21.01% from the beginning of the period[5] Growth Drivers - The company's earnings growth was driven by increased revenue, improved product profitability, and significant gains in investment and exchange rate income[6][8] - The increase in investment income and exchange rate gains contributed positively to the company's overall performance[8] Operational Challenges - The company effectively managed challenges such as the pandemic, inflation, and rising raw material costs, leading to record-breaking operational performance[8] Investor Advisory - Investors are advised to be cautious as the reported figures are preliminary and unaudited, with final data to be disclosed in the annual report[9]

Financial Performance - The company expects a net profit attributable to shareholders in the range of 1,040,000 to 1,100,000 CNY, representing an increase of 116.22% to 128.70% compared to the previous year's profit of 480,981.9 CNY[4] - The company has achieved a historical high in operating performance by effectively managing challenges such as the pandemic, inflation, and rising raw material costs[6] - Investment income attributable to the company has increased year-on-year, along with foreign exchange gains due to the appreciation of the US dollar, contributing positively to overall performance[6] Financial Reporting - The financial data presented is preliminary and has not been audited, with final figures to be disclosed in the annual report[2][7] - The performance forecast period covers January 1, 2022, to December 31, 2022[3] - The board of directors assures the accuracy and completeness of the announcement content, taking legal responsibility for any misstatements[2] Strategic Planning - The company has focused on strategic planning and operational goals to mitigate adverse factors impacting performance[5] - The company emphasizes cost reduction and efficiency improvement to enhance product gross margins and ensure profitability[6] - The company has maintained stable production capacity and secured raw material supply to support market sales[6] Investor Advisory - Investors are advised to exercise caution and consider investment risks based on the preliminary nature of the financial forecast[7]

Financial Performance - Total revenue for Q1 2022 reached RMB 2,253,210,484.92, representing a 33.51% increase compared to RMB 1,687,627,238.73 in Q1 2021[14] - Net profit attributable to shareholders was RMB 260,178,554.04, a significant increase of 178.92% from RMB 93,280,949.76 in the same period last year[14] - The net cash flow from operating activities surged by 2,844.62% to RMB 171,683,272.34, compared to RMB 5,830,413.29 in Q1 2021[15] - Basic earnings per share rose to RMB 0.21, reflecting a 162.50% increase from RMB 0.08 in Q1 2021[15] - The increase in net profit was driven by market-oriented strategies, enhanced operational efficiency, and improved profitability from joint ventures[16] Assets and Liabilities - The total assets as of March 31, 2022, were RMB 11,893,981,374.93, a slight decrease of 0.39% from RMB 11,941,012,733.76 at the end of 2021[14] - The total liabilities decreased to 6,798,489,946.52 CNY from 7,105,781,561.52 CNY, reflecting a reduction of about 4.3%[82] - The equity attributable to shareholders increased to 5,096,315,136.91 CNY from 4,834,684,665.52 CNY, representing a growth of approximately 5.4%[82] - The company has a total of 3,006,386,325.12 CNY in assets under various forms of restrictions, accounting for 25.28% of total assets[74] Shareholder Information - The largest shareholder, Huabang Life Health Co., Ltd., holds 561,683,154 shares, representing 45.82% of total shares[23] - Zhejiang Xin'an Chemical Group Co., Ltd. holds 150,950,000 shares, accounting for 12.31% of total shares[23] - The total shares held by the top ten shareholders amount to 887,160,557, which is 72.37% of the total shares[24] - Wang Rong, a natural person shareholder, holds 23,639,000 shares, representing 1.93% of total shares[24] Corporate Governance and Compliance - The company has no ongoing litigation or arbitration matters during the reporting period[27] - The company has fulfilled its commitment to avoid competition as stated in the public transfer prospectus[29] - The company has not engaged in any external borrowing matters during the reporting period[27] - The company has timely fulfilled its obligations regarding daily related transactions[27] - The company has committed to reducing and regulating related party transactions, ensuring that all transactions are conducted on an equal and voluntary basis, and at fair market prices[36] Profit Distribution and Dividends - The company has established a three-year dividend return plan to enhance shareholder returns and protect investors' rights[43] - The company plans to distribute at least 10% of the annual distributable profit as cash dividends, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profit during that period[68] - The profit distribution plan must be approved by at least two-thirds of the voting rights at the shareholders' meeting[69] - The company will prioritize cash dividends over stock dividends, ensuring that cash dividends are distributed when the company is profitable and has positive retained earnings[68] Cash Flow and Investments - Cash inflow from operating activities totaled ¥2.29 billion in Q1 2022, compared to ¥1.28 billion in Q1 2021, reflecting strong operational performance[97] - The company reported a significant increase in investment income, rising to ¥285.72 million in Q1 2022 from ¥38.62 million in Q1 2021[93] - The company experienced a net cash outflow from investing activities of ¥29.60 million in Q1 2022, an improvement from a net outflow of ¥93.15 million in Q1 2021[98] Future Commitments and Plans - The company will take effective measures to reduce the pledge ratio of its shares held in Yingtai Bio within two years, ensuring that pledges are only made when necessary for financing[40] - The company has committed to maintaining stable profitability and cash flow, ensuring strong repayment capabilities for any pledged shares[39] - The company will ensure that any related transactions are disclosed in a timely manner and comply with the company's decision-making procedures[36] - The company will implement the profit distribution plan within the specified timeframe after approval from the shareholders' meeting[71]

Financial Performance - The company reported a total revenue of 833.819 million in 2021, reflecting its performance in the biotechnology sector[2]. - The company's operating revenue for 2021 was RMB 7,353,730,720.48, representing an increase of 18.14% compared to RMB 6,224,805,952.28 in 2020[28]. - The net profit attributable to shareholders for 2021 was RMB 480,981,874.15, a growth of 47.86% from RMB 325,295,258.57 in 2020[28]. - The gross profit margin for 2021 was 20.20%, slightly up from 20.03% in 2020[28]. - The total assets at the end of 2021 reached RMB 11,941,012,733.76, an increase of 11.32% from RMB 10,726,456,544.32 at the beginning of the year[30]. - The total liabilities increased by 16.00% to RMB 7,105,781,561.52 at the end of 2021, compared to RMB 6,125,919,138.63 at the beginning of the year[30]. - The net cash flow from operating activities for 2021 was RMB 504,351,652.33, a decrease of 54.84% from RMB 1,116,734,337.42 in 2020[33]. - The weighted average return on equity based on net profit attributable to shareholders was 10.28% in 2021, up from 7.55% in 2020[28]. - The company reported a basic earnings per share of 0.39 in 2021, an increase of 39.29% from 0.28 in 2020[28]. - The inventory turnover rate improved to 3.95 in 2021, compared to 3.50 in 2020[33]. Market Presence - The company has a significant client base primarily consisting of domestic and international pesticide companies, indicating a strong market presence[11]. - Approximately 55.01% of the company's sales revenue comes from international markets, highlighting its reliance on export sales[11]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[1]. - The company has formed good cooperative relationships with international agricultural enterprises, ensuring smooth sales channels for its products[52]. - The company’s product line includes over a hundred high-quality products in herbicides, fungicides, and insecticides, with strong market competitiveness[50]. Research and Development - The company has established a mature independent innovation system, covering three major areas: biotechnology research, plant protection research, and technical analysis[51]. - The company owns a total of 285 patents, an increase from 241 in the previous period[105]. - Research and development (R&D) expenses amounted to ¥187,220,610.57, accounting for 2.55% of total revenue, down from 3.08% in the previous period[102][103]. - The total number of R&D personnel decreased from 470 to 451, with the proportion of R&D staff to total employees rising from 9.01% to 9.43%[104]. - The company has partnered with Tianjin University for the development of new technologies, including a new crystallization technique for pyraclostrobin and a new technology for producing 4,000 tons of nitro-sulfur grass ketone annually[108]. Environmental Compliance - The company is subject to strict environmental regulations, which may require additional investments in compliance and impact future earnings[12]. - The company emphasizes environmental protection, strictly adhering to national environmental laws and regulations while increasing investment in environmental protection efforts[117]. - Hazardous waste is disposed of according to regulations, and pollutant emissions meet the requirements of discharge permits and local government controls[117]. - The average concentration of COD in wastewater is 14.45 mg/L, with a total discharge of 5.68 tons per year, compliant with the Class A standard[118]. - The company actively monitors and manages its wastewater treatment processes to meet environmental standards[120]. Risks and Challenges - The company faces risks related to fluctuations in raw material prices, which can significantly affect product costs and profitability[12]. - The effective corporate income tax rate for high-tech enterprises is 15%, which may impact future financial performance if the company fails to meet the criteria for high-tech status[11]. - The company is exposed to macroeconomic fluctuations that could affect demand from its primary customers in the agricultural sector, necessitating a focus on maintaining stable revenue[155]. - The company is at risk of changes in tax policies affecting high-tech enterprises, which could impact its financial performance if it fails to meet the necessary criteria[156]. - The company faces risks related to the control of its major shareholder, which holds 47.07% of the company's shares, potentially impacting operational decisions[154]. Corporate Governance - The company has a concentrated ownership structure, with the controlling shareholder holding 47.07% of the shares, posing governance risks[10]. - The company has not disclosed the names of major non-related party customers and suppliers due to confidentiality agreements[9]. - There have been no significant changes in major risks compared to the previous period, indicating stability in the risk profile[13]. - The company has implemented measures to mitigate safety production risks associated with handling hazardous chemicals, emphasizing a commitment to environmental health and safety[158]. Financial Transactions - The company reported a total of 474 million yuan in external guarantees, with a balance of 407.34 million yuan as of the reporting date[169]. - The company engaged in related party transactions with an estimated amount of 4.8 billion yuan, of which 3.51 billion yuan was realized during the reporting period[171]. - The company had no significant litigation or arbitration matters during the reporting period[165]. - The company provided guarantees totaling 4 billion yuan for related parties, with a balance of 2.76 billion yuan[179]. - The company had a related party debt balance of 144.51 million yuan at the end of the reporting period, after a decrease of 85.95 million yuan[176].