证券代码：836675 证券简称：秉扬科技 公告编号：2023-049 攀枝花秉扬科技股份有限公司 第三届监事会第十五次会议决议公告 本公司及监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、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2023 年 8 月 28 日 2.会议召开地点：公司会议室 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于 2023 年半年度报告及报告摘要的议案》 1.议案内容： 具体内容详见公司 2023 年 8 月 28 日在北京证券交易所官网（www.bse.cn） 3.会议召开方式：现场会议 4.发出监事会会议通知的时间和方式：2023 年 8 月 17 日 以电话、即时通讯方式 发出 5.会议主持人：监事会主席徐晓艳女士 6.召开情况合法、合规、合章程性说明： 本次会议召集、召开、议案审议程序等方面符合有关法律、行政法规、部门 规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 上披露的《2023 年半年度报告》 ...

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 235,261,995.29, representing a 30.20% increase compared to CNY 180,694,510.34 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached CNY 37,738,644.92, up 19.01% from CNY 31,711,347.43 in the previous year[26]. - Basic earnings per share increased by 15.79% to CNY 0.22, compared to CNY 0.19 in the same period last year[26]. - The company's revenue growth rate was 30.20%, up from 16.08% in the previous year[29]. - Operating revenue grew by 30.20% to ¥235,261,995.29, mainly due to increased product sales driven by customer demand[55]. - Operating profit for the first half of 2023 was ¥43,841,084.64, representing a growth of 23.5% from ¥35,492,844.03 in the previous year[120]. - The company reported a net profit of ¥37,738,644.92, reflecting a 19.01% increase compared to the previous year[54]. - The company reported a net loss in comprehensive income of CNY -2,807,035.72 for the current period, compared to a gain of CNY 37,738,644.92 in the previous year, indicating a significant downturn in profitability[132]. Cash Flow and Assets - Operating cash flow increased significantly by 25,373.58% to ¥73,756,881.38 compared to the previous year[28]. - The net cash flow from operating activities was 73.76 million yuan, an increase of 73.47 million yuan, representing a growth of 25,373.58% year-on-year[44]. - Cash and cash equivalents increased significantly to ¥104,895,971.79 from ¥61,308,911.11, representing a growth of 71.06%[111]. - The ending cash and cash equivalents balance for the first half of 2023 was CNY 84,260,163.38, down from CNY 138,722,597.26 at the end of the previous year[128]. - Total assets decreased by 0.38% to ¥840,117,368.67 compared to the previous year[28]. - The total assets at the end of the reporting period were CNY 551,376,705.31[133]. Liabilities and Equity - Total liabilities decreased by 4.76% to ¥288,740,663.36 compared to the previous year[28]. - The company's total equity increased to ¥551,376,705.31 from ¥540,155,601.39, reflecting a growth of 2.27%[113]. - The total equity attributable to shareholders decreased to CNY 540,155,601.39 from CNY 540,341,402.14 in the previous year, reflecting a slight decline in shareholder equity[130]. - The company reported a net loss of 34,439,600.00 CNY attributable to shareholders[138]. Operational Highlights - The company is focused on the research, production, and sales of fracturing proppant series products[23]. - The sales volume of fracturing proppants reached 240,900 tons, an increase of 94,000 tons, with a growth rate of 63.96% year-on-year[42]. - The company achieved sales of quartz sand amounting to 94.95 million yuan, an increase of 60.60 million yuan, with a growth rate of 176.42% compared to the previous year[42]. - The company has been recognized as a "National High-tech Enterprise" and "Specialized, Refined, Characteristic, and Innovative"[40]. Risk Management - The company has identified significant risks including high customer concentration, market competition, and dependence on oil prices, which could adversely affect its operating performance[74]. - The company is committed to diversifying its customer base to reduce reliance on major clients and mitigate associated risks[74]. - The company has not experienced any significant changes in major risks during the reporting period[74]. Shareholder and Management Information - The company completed a cash dividend distribution of CNY 25,829,700.00, amounting to CNY 1.50 per 10 shares[7]. - The company held its annual shareholders' meeting on April 27, 2023, to approve the 2022 profit distribution plan[7]. - The company has a total of 37 individuals eligible for the incentive plan, excluding certain major shareholders and their immediate family members[83]. - The company reported a total of 560,000 shares granted to executives and senior management, with 28,000 shares exercised during the reporting period[85]. Accounting and Financial Policies - The company has implemented a new accounting policy effective January 1, 2023, regarding deferred tax assets and liabilities[33]. - The financial statements have been prepared in accordance with the relevant accounting standards, ensuring accurate representation of the company's financial position[157]. - The company has not made any changes to its accounting policies or estimates compared to the previous year's financial statements[149]. Environmental and Social Responsibility - The company adheres to environmental protection standards throughout its production processes, promoting sustainable practices and resource recycling[72]. - The company has established a mechanism to support employees in difficulty, contributing to social welfare and community development[71].

Financial Performance - Net profit attributable to shareholders decreased by 3.65% to ¥16,111,225.97 year-on-year[9] - Operating income increased by 36.18% to ¥102,003,787.85 compared to the same period last year[9] - The company reported a total revenue of 129,367,868, with a year-on-year increase of 75.06% compared to 92,344,200[19] - Total operating revenue for Q1 2023 reached ¥102,003,787.85, a significant increase from ¥74,903,573.52 in Q1 2022, reflecting a growth of approximately 36.3%[45] - Total operating revenue for Q1 2023 reached ¥101,629,045.35, a significant increase from ¥74,903,573.52 in Q1 2022, representing a growth of approximately 35.7%[49] - The company reported a total comprehensive income of ¥13,774,431.13 for Q1 2023, compared to ¥17,226,137.70 in Q1 2022, a decrease of about 20.3%[51] - Operating profit for Q1 2023 was ¥15,585,695.75, compared to ¥19,661,266.76 in Q1 2022, indicating a decrease of about 20.6%[50] - Net profit for Q1 2023 was ¥13,509,661.61, down from ¥17,011,778.19 in Q1 2022, reflecting a decline of approximately 20.5%[50] Assets and Liabilities - Total assets decreased by 5.83% to ¥794,039,013.68 compared to the end of last year[9] - The company's asset-liability ratio decreased to 29.67% from 35.92% at the end of the previous year[9] - Total liabilities also decreased from ¥302,823,239.52 to ¥235,605,250.55, representing a decline of approximately 22.2%[39] - Current liabilities decreased from ¥296,229,050.60 to ¥229,111,794.62, a reduction of about 22.7%[39] - The company's retained earnings rose from ¥153,795,447.92 to ¥169,906,673.89, an increase of approximately 10.4%[39] - The total equity attributable to shareholders increased from ¥540,341,402.14 to ¥558,433,763.13, reflecting a growth of about 3.4%[39] Cash Flow - Net cash flow from operating activities surged by 475.31% to ¥29,623,823.00 year-on-year[10] - Cash inflow from operating activities in Q1 2023 was ¥117,089,364.63, significantly higher than ¥61,932,147.57 in Q1 2022, representing an increase of approximately 89.1%[52] - The net cash flow from operating activities was 31,818,077.49, a significant increase compared to 3,989,867.44 from the previous period, reflecting strong operational performance[54] - The net cash flow from investing activities was -9,780,018.43, a decrease from 23,117,723.68, suggesting increased investment expenditures[57] - The net cash flow from financing activities was -3,888,001.50, compared to 14,851,236.39 previously, indicating a reduction in financing inflows[57] Expenses - Operating costs increased by 54.30% due to higher sales volume[12] - Management expenses rose by 39.52% due to an increase in staff and share-based payment expenses[12] - Research and development expenses for Q1 2023 amounted to ¥2,237,458.91, slightly higher than ¥2,091,687.91 in Q1 2022, showing an increase of about 7%[50] - Total operating costs for Q1 2023 were ¥83,306,140.73, up from ¥55,856,584.17 in Q1 2022, marking an increase of approximately 49.2%[46] Shareholder and Corporate Governance - The company has maintained a stable shareholder structure, with significant relationships among major shareholders[19] - The company has not engaged in any litigation or arbitration matters during the reporting period[22] - The company has not provided any external guarantees or loans during the reporting period[22] - The company has implemented an employee incentive plan, which has been approved by the shareholders[22] - The company has committed to avoiding related party transactions and ensuring compliance with regulatory requirements through various pledges from its major shareholders and executives[33] Stock Incentive Plan - A total of 1,318,000 restricted stocks were granted at a price of 5.2 CNY per share[25] - The first unlock period for the stock incentive plan has been achieved, with ongoing work for the release of restrictions[26] - The fair value of the restricted stocks on the grant date was 7.54 CNY per share[27] - The total estimated accounting cost impact of the stock incentive plan is 3,084,120 CNY[27] - The company has 37 individuals eligible for the stock incentive plan, excluding certain shareholders and their immediate family[25] - There are no expired repurchase cases for restricted stocks during the reporting period[26] Future Projections - The company has projected a future revenue target of 6,000.00 million for the year 2023 from related party transactions, with 1,146.75 million already realized[23] - The 2023 financial guidance indicates a focus on maintaining revenue growth and improving profitability metrics[32] - The company plans to continue expanding its market presence and developing new technologies as part of its strategic initiatives[32]

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。 攀枝花秉扬科技股份有限公司 2022 年年度报告业绩说明会预告公告 证券代码：836675 证券简称：秉扬科技 公告编号：2023-036 二、 说明会召开的时间、地点 （一）会议召开时间：2023 年 4 月 21 日（星期五）15:00-17:00。 （二）会议召开地点 本次业绩说明会将采用网络远程的方式举行，投资者可登录全景网"投资者 关系互动平台"（https://ir.p5w.net）参与。 本次说明会采用网络方式召开。 一、 说明会类型 三、 参加人员 攀枝花秉扬科技股份有限公司（以下简称"公司"）定于 2023 年 4 月 21 日 召开 2022 年年度报告业绩说明会（以下简称"业绩说明会"）。 公司董事长：樊荣先生 公司董事、副总经理：廖利女士 公司董事、财务负责人：白华琴女士 董事会秘书、副总经理：江凌云先生 公司保荐代表人：李皓先生 四、 投资者参加方式 董事会 五、 联系方式 联系人：江凌云 联系地址：四川省攀枝花钒钛产业园区攀枝花 ...

Financial Performance - The company's operating revenue for 2022 was CNY 465,603,694.14, representing a 54.05% increase compared to CNY 302,238,558.53 in 2021[32]. - The net profit attributable to shareholders for 2022 was CNY 61,397,875.53, a slight increase of 1.30% from CNY 60,607,799.67 in 2021[32]. - The total assets at the end of 2022 amounted to CNY 843,164,641.66, reflecting a growth of 21.78% from CNY 692,339,828.45 at the end of 2021[34]. - The total liabilities increased by 71.86% to CNY 302,823,239.52 in 2022, up from CNY 176,201,231.94 in 2021[34]. - The company's gross profit margin decreased to 23.53% in 2022 from 31.53% in 2021[32]. - The weighted average return on equity (ROE) based on net profit attributable to shareholders was 11.75% in 2022, down from 12.37% in 2021[32]. - The cash flow from operating activities showed a negative net amount of CNY -44,261,407.08 in 2022, compared to a positive CNY 66,735,890.33 in 2021, indicating a decline of 166.32%[36]. - The company's inventory turnover rate improved to 2.37 in 2022 from 1.79 in 2021[37]. - The company reported a basic earnings per share (EPS) of 0.36 in 2022, a 2.86% increase from 0.35 in 2021[32]. Investments and Acquisitions - The company invested 5.18 million CNY to acquire 19.98% equity in Leshan Taizhong Mining Co., enhancing its quartz sand business and optimizing the industrial chain[7]. - The company invested 15.68 million CNY to acquire 100% equity in Sichuan Beid Petroleum Technology Development Co., expanding its product range into the oil and gas industry[9]. - The company plans to enter the oil and gas industry through the acquisition of Sichuan Beid Petroleum Technology Development Co., aiming to diversify its product range and reduce operational risks[103]. - The company invested 34,415,474.19 yuan in a project for producing 600,000 tons of quartz sand fracturing proppant, achieving 84.60% of the planned progress[92]. Customer Concentration and Market Risks - In 2022, sales to the top five customers accounted for 99.99% of total revenue, with sales to China National Petroleum Corporation (CNPC) alone making up 87.10%[16]. - The company faces risks from market demand changes for proppants, high customer concentration, and potential price declines in proppant products[16][17]. - The company recognizes the risk of market competition intensifying, which could slow revenue growth or negatively impact operating performance if demand does not expand accordingly[130]. - The company is actively working to diversify its customer base to mitigate risks associated with high customer concentration[129]. Research and Development - The company has developed a core technology for proppant production based on a combination of patented and non-patented technologies[17]. - The company actively engages in R&D to enhance product quality and efficiency, aiming for energy conservation and cost reduction[50]. - The company's research and development expenses rose by 23.78% to ¥14.64 million, indicating ongoing investment in new product development[69]. - The company’s R&D expenditure amounted to 14,644,908.03 CNY, representing 3.15% of total revenue[107]. - The total number of patents held by the company decreased from 27 to 23, with 6 being invention patents[109]. Employee and Management - The company has a total of 301 employees at the end of the reporting period, an increase of 62 from the beginning of the period[198]. - The number of production personnel increased by 48, bringing the total to 208[198]. - The company has introduced 4 new management personnel during the reporting period[199]. - Employee compensation includes basic salary, performance pay, and bonuses, with no changes to the compensation policy during the reporting period[200]. - The company has implemented a systematic training plan to enhance employee skills and quality[200]. Corporate Governance and Shareholder Structure - The company has a total of 5,913 ordinary shareholders[161]. - The largest shareholder, Fan Rong, holds 80,442,720 shares, representing 46.72% of the total shares[167]. - The combined shareholding of Fan Rong and his wife, Sang Hongmei, is 122,433,600 shares, accounting for 71.11% of the total shares[168]. - The top ten shareholders collectively hold 129,367,868 shares, which is 75.13% of the total shares[164]. - The company has a total of 9 board members and 3 supervisors[188]. Environmental and Social Responsibility - The company strictly adheres to national environmental standards in all production processes and promotes resource recycling to enhance sustainable production[122]. - The company has been actively involved in pandemic prevention efforts and has established a leadership group for COVID-19 response[121]. - The company has established a mechanism to support employees in need and actively participates in social welfare activities[120]. Financial Management and Fundraising - The company raised a total of 240,752,671.70 yuan through stock issuance, with 14,884,182.93 yuan used during the reporting period[171]. - The balance of raised funds at the end of the reporting period was 65,819,968.10 yuan, including net interest income after deducting bank fees[173]. - The company has approved the temporary use of up to 40 million yuan of idle raised funds to supplement working capital, with a usage period not exceeding 6 months from the board's approval date[173]. - The company has made adjustments to its fundraising projects due to changes in market demand, indicating a strategic shift in operations[176]. Equity Incentive Plan - The company granted a total of 1,318,000 restricted shares to 37 incentive objects at a price of 5.2 CNY per share on February 14, 2022[148]. - The total subscription amount received from the incentive objects for the restricted shares was 6,853,600 CNY, verified by an accounting firm[149]. - The first unlocking condition requires a revenue growth rate of no less than 20% compared to 2021, or a net profit growth rate of no less than 20% after adjustments[153]. - The company has not terminated the implementation of the equity incentive plan during the reporting period[153].

Financial Performance - The company reported a revenue of ¥465,603,694.14 for the year 2022, representing a 54.05% increase compared to ¥302,238,558.53 in the previous year[3] - The net profit attributable to shareholders was ¥61,577,140.01, reflecting a growth of 1.60% from ¥60,607,799.67 in the prior year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥60,507,238.86, which is a 2.94% increase from ¥58,776,728.62 year-on-year[5] - Basic earnings per share increased to ¥0.3588, up 1.16% from ¥0.3547 in the previous year[5] Assets and Equity - Total assets at the end of the reporting period reached ¥843,343,906.15, marking a 21.81% increase from ¥692,339,828.45 at the beginning of the period[4] - Shareholders' equity attributable to the company was ¥540,520,666.62, a 4.72% increase from ¥516,138,596.51 at the start of the period[4] - The company's stock capital increased to ¥172,198,000.00, reflecting a growth of 0.77% from ¥170,880,000.00[4] Revenue Drivers and Challenges - The increase in revenue was primarily driven by a significant rise in product sales volume due to customer demand[6] - The decline in gross profit margin due to lower product settlement prices and increased operating and R&D expenses impacted net profit growth[6] - Inventory levels increased at the end of the reporting period to meet customer demand, contributing to the rise in total assets[6]

攀枝花秉扬科技股份有限公司 2022 年第三季度报告 公告编号：2022-121 秉扬科技 证券代码:836675 攀枝花秉扬科技股份有限公司 2022 年第三季度报告 1 | 第一节 | 重要提示 4 | | --- | --- | | 第二节 | 公司基本情况 5 | | 第三节 | 重大事件 12 | | 第四节 | 财务会计报告 15 | 攀枝花秉扬科技股份有限公司 2022 年第三季度报告 公告编号：2022-121 3 释义项目 释义 公司、本公司、股份公司、秉扬科技 指 攀枝花秉扬科技股份有限公司 秉扬矿业 指 攀枝花秉扬矿业有限公司 宏金星 指 盐边县宏金星粘土矿有限公司 广袤新材料 指 四川广袤新材料有限责任公司 乐山太中 指 乐山太中矿业有限公司 中石油 指 中国石油天然气集团有限公司 中石化 指 中国石油化工集团有限公司 三会 指 秉扬科技股东大会、董事会、监事会 元、万元 指 人民币元、人民币万元 年初至报告期末 指 2022 年 1 月 1 日至 2022 年 9 月 30 日 本报告期 指 2022 年 7 月 1 日至 2022 年 9 月 30 日 报告期末 指 2022 年 ...

Stock Incentive Plan - The company granted 1,318,000 restricted stocks at a price of 5.2 RMB per share to 37 incentive objects on February 14, 2022[5] - The company completed the restricted stock grant registration on March 24, 2022[5] - A total of 1,318,000 restricted stocks were granted to 37 incentive objects at a price of CNY 5.2 per share, with a total subscription amount of CNY 6,853,600.00[88] - The fair value of the restricted stocks granted on February 14, 2022, was CNY 7.54 per share, impacting the accounting costs over multiple periods[92] - The total estimated impact of the stock incentive plan on the company's financials is CNY 3,084,120.00, distributed over three unlocking periods[92] - The company distributed cash dividends of CNY 2.00 per share to all shareholders on May 18, 2022, which adjusted the repurchase price of the restricted stocks to CNY 5.00 per share[89] - There were no instances of restricted stocks being released from restrictions or repurchased during the reporting period[88] - The incentive plan excludes supervisors, independent directors, and shareholders holding more than 5% of the company's shares[87] Financial Performance - The company's operating revenue for the current period is CNY 180,694,510.34, representing a 16.08% increase compared to CNY 155,658,785.66 in the same period last year[28] - The net profit attributable to shareholders of the listed company decreased by 10.25% to CNY 31,663,894.51 from CNY 35,278,215.90 in the previous year[28] - The gross profit margin for the current period is 29.07%, down from 36.29% in the previous year[28] - The company's basic earnings per share decreased by 9.52% to CNY 0.19 from CNY 0.21 in the previous year[28] - The company achieved total operating revenue of 180.69 million yuan, an increase of 25.04 million yuan, or 16.08%, compared to the same period last year[41] - The total operating cost for the period was 128.17 million yuan, an increase of 28.99 million yuan, or 29.23%, compared to the same period last year[41] - The net profit attributable to shareholders was 31.66 million yuan, a decrease of 3.61 million yuan, or 10.25%, compared to the same period last year[41] - The company sold 146,900 tons of fracturing proppants, an increase of 32,100 tons, or 27.94%, compared to the same period last year[41] - The sales revenue from proppants was 180.65 million yuan, an increase of 25.01 million yuan, or 16.07%, compared to the same period last year[42] Assets and Liabilities - The total assets increased by 5.06% to CNY 727,350,002.55, up from CNY 692,339,828.45 at the end of the previous year[29] - The total liabilities rose by 21.52% to CNY 214,119,265.35, compared to CNY 176,201,231.94 at the end of the previous year[29] - The company's cash flow from operating activities decreased significantly by 95.40% to CNY 289,542.66 from CNY 6,290,278.56 in the same period last year[30] - Accounts receivable increased by 47.04% compared to the end of the previous year, mainly due to customers arranging funds based on their financial conditions[48] - Long-term equity investments grew by 100.00% year-over-year, primarily due to the acquisition of a 19.98% stake in Leshan Taizhong to expand the quartz sand business[48] - Construction in progress surged by 306.06% compared to the previous year, mainly due to increased expenditures on the "400,000 tons/year clay modification and capacity expansion project"[48] Market and Competition - The company’s performance is closely linked to oil prices, with potential negative impacts if oil prices remain low[14] - The company faces risks from market demand changes for fracturing proppants, which could adversely affect operating performance if not addressed[13] - The company has a high customer concentration risk, primarily depending on a few major clients for its revenue[13] - The company reported a significant reliance on major clients, with 100% of revenue from the top five customers in the first half of 2022, and 92.94% of revenue from China National Petroleum Corporation[71] - The company faces risks from intensified market competition in the fracturing proppant sector, which could slow revenue growth if market demand does not expand correspondingly[72] - The main revenue source is from the sale of ceramic proppants, and the company has limited bargaining power in a highly market-driven pricing environment[73] Research and Development - The company is engaged in the research, production, and sales of fracturing proppants, primarily used in the extraction of oil and gas from shale formations[34] - The company has incurred significant research and development expenses during the reporting period, indicating ongoing investment in innovation[179] Corporate Governance - The company has not engaged in any significant related party transactions during the reporting period[87] - The company has committed to avoiding competition, preventing fund occupation, and regulating related transactions, among other commitments, which are being fulfilled[97] - The actual controllers and major shareholders have issued commitments regarding tax payment methods and compensation for penalties or late fees due to changes in tax collection methods[97] - The company’s board members and senior management have issued commitments to avoid fund occupation and regulate related transactions[97] - The company has a total of 9 board members and 3 supervisory board members[124] - The company appointed new independent directors, including Tian Congxue, Liu Xinchun, and Yang Jianqiang, during the reporting period[129] - The company’s general manager, Li Rucheng, was newly appointed during the reporting period[129] - The company has not executed any profit distribution or capital reserve transfer during the reporting period[123] Environmental and Social Responsibility - The company emphasizes environmental protection in all production processes, adhering to national standards and promoting resource recycling[70] - The company has implemented strict environmental assessments for construction projects and promotes clean production practices[70] - The company has established a mechanism to support employees in difficulty and actively participates in social welfare activities[68] - The company is committed to improving employee working conditions and ensuring timely payment of wages and social insurance contributions[69] Fundraising and Investments - The company allocated 11.8841 million RMB of unused fundraising to its wholly-owned subsidiary for the construction of a 600,000-ton annual fracturing quartz sand proppant project[113] - A total of 6,378,829.31 RMB was invested in fundraising projects during the reporting period, with the largest investment being 3,629,616.81 RMB for the 600,000-ton annual fracturing quartz sand proppant project[114] - The remaining balance of fundraising (including net interest income after bank fees) at the end of the reporting period was 73,672,699.11 RMB[114] - The total amount of fundraising with changed purposes was 1,188.41 million RMB, accounting for 4.94% of the net fundraising amount[116] - The cumulative investment of fundraising reached 16,891.98 million RMB, with 637.88 million RMB invested during the reporting period[116] - The company approved the use of up to 80 million RMB of temporarily idle fundraising for cash management, with a maximum investment term of 12 months[113] Accounting and Financial Reporting - The company has not changed its accounting policies or estimates compared to the previous year, ensuring consistency in financial reporting[177] - The company’s financial statements have been prepared based on actual transactions and in accordance with relevant accounting standards, ensuring transparency and accuracy[182] - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[185]

Financial Performance - Operating revenue for the first quarter of 2022 was CNY 74,903,573.52, reflecting a growth of 5.19% year-over-year[14] - Net profit attributable to shareholders for the first quarter of 2022 was CNY 16,721,830.78, a slight increase of 0.19% compared to the same period last year[14] - The net profit for the first quarter of 2022 was 17,011,778.19, an increase from 16,812,316.63 in the same period of 2021, representing a growth of approximately 1.18%[42] - The total comprehensive income for the first quarter of 2022 reached 17,226,137.70, compared to 16,951,920.53 in the first quarter of 2021, indicating an increase of about 1.62%[42] - The operating profit for the first quarter of 2022 was 19,661,266.76, slightly higher than 19,149,283.87 in the first quarter of 2021, showing a growth of about 2.66%[42] Cash Flow - The net cash flow from operating activities increased by 129.34% to CNY 5,149,149.01, primarily due to increased cash receipts from sales[15] - Cash inflows from operating activities amounted to 61,932,147.57 in the first quarter of 2022, up from 40,446,963.38 in the first quarter of 2021, reflecting a growth of approximately 53.2%[44] - The net cash flow from operating activities for the first quarter of 2022 was 5,149,149.01, a significant improvement compared to a net outflow of -17,547,430.72 in the same period of 2021[44] - Cash inflows from investment activities totaled 40,000,000.00 in the first quarter of 2022, while cash outflows were 14,735,319.23, resulting in a net cash flow of 25,264,680.77 from investment activities[44] - The net cash flow from financing activities for the first quarter of 2022 was 20,780,317.08, compared to a net outflow of -7,249,581.67 in the first quarter of 2021, indicating a positive shift in financing[46] Assets and Liabilities - Total assets as of March 31, 2022, reached CNY 726,544,576.06, an increase of 4.94% compared to the end of 2021[14] - The total liabilities to assets ratio (consolidated) as of March 31, 2022, was 26.63%, up from 25.45% at the end of 2021[14] - Total current assets increased to ¥465,817,524.13, up from ¥438,961,259.76, representing a growth of approximately 6.5% year-over-year[30] - Total liabilities increased to ¥193,469,789.26 from ¥176,201,231.94, representing a rise of approximately 9.8%[32] - Total assets reached ¥726,544,576.06, up from ¥692,339,828.45, indicating an increase of about 4.9%[33] Shareholder Information - The registered capital of the company is CNY 172,198,000[12] - The number of ordinary shareholders as of the report date was 5,988[19] - The total number of shares held by major shareholders reached 132,593,706, representing 77.02% of the total shares[22] - The largest shareholder, Fan Rong, holds 80,442,720 shares, accounting for 46.72% of the total shares[21] - The second-largest shareholder, Sang Hongmei, holds 41,990,880 shares, representing 24.39% of the total shares[21] Expenses and Costs - Total operating costs for Q1 2022 were CNY 55,856,584.17, up from CNY 52,367,052.86 in Q1 2021, indicating an increase of about 9.5%[37] - Research and development expenses decreased to CNY 2,091,687.91 in Q1 2022 from CNY 4,065,765.23 in Q1 2021, a reduction of approximately 48.6%[37] - The company reported a financial expense of CNY 684,117.39 in Q1 2022, compared to CNY 590,868.07 in Q1 2021, reflecting an increase of approximately 15.8%[37] Corporate Governance - The company has not engaged in any litigation or arbitration matters during the reporting period[25] - The company provided unconditional guarantees for loans to related parties, including Panzhihua Rural Commercial Bank[26] - The company approved a stock incentive plan during the board meeting on January 12, 2022, which was submitted for shareholder approval[26] - The company has issued commitments to avoid competition and ensure proper management of related transactions[27] - The company’s subsidiary, Bingyang Mining, provided guarantees for loans using its mining rights[27]

Corporate Recognition and Structure - In 2021, the company was recognized as a second batch of industrial resource comprehensive utilization base in Sichuan Province[5]. - A new wholly-owned subsidiary was established to invest in a project for producing 600,000 tons/year of quartz sand fracturing proppant, enhancing market expansion[8]. - The company established Sichuan Guangmao New Materials Co., Ltd. with a registered capital of 30 million RMB in November 2021[106]. - The company holds a 100% stake in Panzhihua Bingyang Mining Co., Ltd., which reported a net loss of -¥34,014.88 in 2021[85]. - The company also fully owns Yanbian Hongjinxing Clay Mine Co., Ltd., which reported a net loss of -¥519,161.93 in 2021 due to being in the project construction phase[85]. Financial Performance - The company's operating revenue for 2021 was CNY 302,238,558.53, a decrease of 21.39% compared to 2020[31]. - The net profit attributable to shareholders for 2021 was CNY 60,607,799.67, representing a growth of 2.34% year-over-year[31]. - The gross profit margin improved to 31.53% in 2021, up from 25.62% in 2020[31]. - The company's debt-to-asset ratio was 25.45% at the end of 2021, down from 26.12% at the beginning of the year[33]. - The net cash flow from operating activities was CNY 66,735,890.33, a significant increase of 1,408.23% compared to a negative cash flow in 2020[35]. Revenue Sources and Customer Concentration - The company’s main revenue source is from the sale of ceramic proppants, with potential impacts from price fluctuations in the oil and gas industry[16]. - In 2021, sales to the top five customers accounted for 99.99% of total revenue, indicating high customer concentration risk[15]. - Sales to China National Petroleum Corporation (CNPC) represented 82.34% of total revenue, highlighting dependency on a single major client[15]. Market Risks and Demand - The company faces risks from changes in market demand for specific proppant products, which could adversely affect operating performance[15]. - The company is aware of the changing market dynamics for proppants and is adjusting its product structure accordingly[16]. - The company’s main revenue source is ceramic proppants, and any decline in proppant prices could negatively impact financial performance due to weak bargaining power[118]. Research and Development - The company has developed a core technology for ceramic proppant production, which is protected by a combination of patents and trade secrets[16]. - The company initiated 4 independent R&D projects and 1 collaborative project with Southwest Petroleum University, focusing on environmentally friendly low-density proppants for shale gas fracturing[95]. - The company applied for a total of 4 patents during the reporting period, including 3 invention patents and 1 utility model patent, which has been authorized[95]. Governance and Management - The company has a total of 7 board members and 3 supervisors, ensuring a diverse governance structure[159]. - The company revised its articles of association to increase the board size from 7 to 9 members, including 3 independent directors[182]. - The company has established a performance evaluation system for senior management, linking compensation to economic performance and work objectives[196]. - The company has implemented a robust internal control system in line with national regulations, ensuring effective risk management[194]. Shareholder Information - The largest shareholder, Fan Rong, holds 80,442,720 shares, representing 47.08% of the total shares[145]. - The total number of shares held by the top ten shareholders is 133,716,846, representing 78.25% of the total shares[143]. - The company’s total share capital increased from 142,400,000 shares to 170,880,000 shares following a cash dividend distribution of 1 yuan per 10 shares and a capital reserve conversion of 2 shares for every 10 shares held[140]. Environmental and Social Responsibility - The company emphasizes environmental protection in its production processes, adhering to national standards and promoting resource recycling[110]. - The company has implemented a mechanism to support employees in need and actively participates in social welfare activities[109]. Future Plans and Strategies - The company plans to continue focusing on the research, production, and sales of fracturing proppant series products as its main business strategy[24]. - The company plans to focus on expanding its product offerings and enhancing operational efficiency to adapt to market changes[65]. - The company aims to become a leading domestic oil proppant enterprise by focusing on ultra-low density high-strength ceramic proppant products[113].