Financial Performance - Revenue decreased by 0.3% to approximately RMB 110,137,000 compared to RMB 110,428,000 in the previous year[6] - Gross profit decreased by 20.1% to approximately RMB 38,060,000, with a gross margin of 34.6% (previous year: 43.1%) [6] - The company reported a loss attributable to equity holders of approximately RMB 363,000, compared to a profit of RMB 10,410,000 in the previous year[6] - Basic loss per share was approximately RMB 0.01, down from basic earnings of RMB 0.27 per share in the previous year[6] - Operating profit for the nine months was RMB 4,630,274, a decrease from RMB 16,327,190 in the previous year[7] - The company’s total comprehensive loss for the period was RMB 362,655, compared to a total comprehensive income of RMB 10,410,437 in the previous year[8] Dividend Policy - The board of directors resolved not to declare any interim dividend for the nine months ended September 30, 2022, consistent with the previous year[6] - The company did not declare any interim dividends for the nine months ended September 30, 2022, consistent with the previous year[24] Research and Development - Research and development expenses for the nine months increased to RMB 7,636,134 from RMB 6,835,888 in the previous year[7] - R&D expenses increased from approximately RMB 6,836,000 for the nine months ended September 30, 2021, to approximately RMB 7,636,000 for the same period in 2022, reflecting an increase of RMB 800,000 or 11.7% due to increased work on environmental R&D projects with Jilin Petrochemical Design Institute[29] - The company aims to focus on the development of high-end water-based bentonite for application in water-based coatings, responding to the growing emphasis on environmentally friendly products[30] - The company continues to focus on promoting organoclay for paint and coatings, with significant growth in sales and profits for this product line[26] - The company is developing high-end water-based organoclay for environmentally friendly coatings and has received market recognition for its products[26] - The company will continue to develop new products, including high-performance flame-retardant composites based on non-metallic minerals in collaboration with Jiangnan University[32] Taxation - The company continues to benefit from tax incentives as a high-tech enterprise, with a tax rate of 15% for the next three years[21] - The company recorded a current tax expense of RMB 170,503 for the nine months ended September 30, 2022, compared to a tax expense of RMB (1,676,348) for the same period in 2021[21] Shareholder Information - As of September 30, 2022, major shareholder Yu Hua holds 3,576,000 shares, representing approximately 9.31% of the issued share capital[37] - At least 25% of the issued share capital is held by public shareholders as of the reporting period[41] Corporate Governance - The company has adhered to the corporate governance code, with a commitment to high standards and value creation for shareholders[43] - The roles of the Chairman and CEO are currently held by the same individual, Zhang Youlian, which the board believes provides strong leadership and effective long-term strategy implementation[43] - The audit committee, established in March 2014, consists of three independent non-executive directors and is responsible for overseeing financial reporting and internal controls[47] - The audit committee has reviewed the unaudited consolidated financial report for the nine months ending September 30, 2022, and confirmed compliance with accounting standards and GEM listing rules[50] - The company has not purchased liability insurance for directors and executives due to ongoing considerations of proposals from various underwriters[45] Business Development - The company has confirmed a preliminary business agreement with APP Group, one of the largest paper groups in Southeast Asia, to expand its overseas market presence[26] - The group plans to enhance the use of modified bentonite in paper coatings to improve rheological properties and surface quality of coated paper[32] Other Information - The company was incorporated in December 2000 and listed on the GEM of the Hong Kong Stock Exchange in January 2015[12] - There are no significant events occurring after the reporting period as of the report date[51] - The company will distribute the quarterly report for the nine months ending September 30, 2022, to shareholders and publish it on its website and the stock exchange[52]

Financial Performance - Revenue decreased by 2.1% to approximately RMB 68,065,000 compared to RMB 69,519,000 in the previous year[7] - Gross profit decreased by 12.4% to approximately RMB 24,645,000, with a gross margin of 36.2% compared to 40.5% in the previous year[7] - The loss attributable to equity holders of the company was approximately RMB 1,005,000, compared to a profit of approximately RMB 4,116,000 in the previous year[7] - Basic loss per share was approximately RMB 0.026, compared to basic earnings per share of RMB 0.107 in the previous year[7] - The company reported a net loss of RMB 1,004,912 for the six months ended June 30, 2022, compared to a profit of RMB 4,115,812 for the same period in 2021, indicating a significant decline in performance[12] - Total revenue for the six months ended June 30, 2022, was RMB 68,065,441, a decrease of 2.09% from RMB 69,519,419 in the same period of 2021[28] Assets and Liabilities - Total assets as of June 30, 2022, were RMB 172,705,269, a decrease from RMB 248,597,593 at the end of the previous year[9] - Current liabilities increased to RMB 164,326,872 from RMB 132,946,495 at the end of the previous year[10] - Inventory increased to RMB 66,794,255 from RMB 59,401,955 at the end of the previous year[9] - Trade and other receivables rose to RMB 75,614,563 from RMB 60,348,289 at the end of the previous year[9] - Total trade receivables increased to RMB 71,902,195 as of June 30, 2022, up from RMB 65,246,586 as of December 31, 2021, reflecting a growth of approximately 10.1%[43] - Trade payables rose to RMB 27,269,881 as of June 30, 2022, compared to RMB 21,361,473 as of December 31, 2021, indicating an increase of about 27.7%[46] Cash Flow - The company experienced a net cash outflow from operating activities of RMB 13,310,390 for the six months ended June 30, 2022, compared to a net inflow of RMB 9,044,448 in 2021[14] - Cash and cash equivalents at the end of the period increased to RMB 16,404,098, up from RMB 10,242,592 at the end of June 30, 2021[14] - The group's cash and cash equivalents increased by approximately RMB 8,168,000 during the reporting period, with net cash outflows from operating activities of about RMB 13,310,000 and net cash inflows from financing activities of approximately RMB 25,650,000[70] Expenses - The company reported a net financial expense of RMB 3,229,182 for the six months ended June 30, 2022, compared to RMB 2,628,960 in the same period of 2021[31] - Other income decreased to RMB 636,575 in 2022 from RMB 1,225,758 in 2021, primarily due to a reduction in cost-related government grants[30] - Total sales costs increased by approximately RMB 2,030,000 or 4.9% to RMB 43,420,000, with raw material costs accounting for 75.7% of total sales costs[55] - Research and development expenses increased by approximately RMB 1,019,000 or 26.2% to RMB 4,903,000, mainly due to increased work on environmental research projects[63] - Distribution costs rose by approximately RMB 1,488,000 or 18.5% to RMB 9,529,000, primarily due to increased transportation costs[60] Dividends and Shareholder Information - The company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[7] - As of June 30, 2022, Mr. Zhang Youlian holds 19,220,600 shares, representing approximately 50.05% of the issued share capital[85] - Ms. Yu Hua is a beneficial owner of 3,576,000 shares, accounting for 9.31% of the issued share capital[88] - The board resolved not to declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[97] Corporate Governance and Compliance - The company has maintained compliance with the corporate governance code, with no significant deviations reported during the period[98] - The audit committee reviewed the unaudited consolidated financial statements for the six months ended June 30, 2022, and confirmed compliance with accounting standards[105] - There were no related party transactions or continuous related party transactions that required disclosure during the reporting period[91] Future Plans and Developments - The company continues to focus on the development and sales of bentonite-based products, with no new segments reported[27] - The company plans to focus on the research and development of high-end water-based bentonite and its application in water-based coatings, responding to the growing demand for environmentally friendly products[81] - The group aims to develop new products, including high-performance flame-retardant composite materials in collaboration with Jiangnan University[84] Other Information - The company has not reported any significant impact from the adoption of new international financial reporting standards expected to take effect by December 31, 2022[22] - There were no major acquisitions or disposals during the six months ended June 30, 2022[79] - The company has no significant contingent liabilities, legal proceedings, or potential lawsuits as of June 30, 2022[77] - There were no significant events occurring after the reporting period that require disclosure[106] - The company will issue its interim report for the six months ending June 30, 2022, to shareholders at an appropriate time[107] - The interim report will be available on the company's website and the Hong Kong Stock Exchange website[107] - The board of directors is led by Chairman Zhang Youlian, with executive directors including She Wenjie and Fan Fang[107]

Financial Performance - Revenue increased by 7.4% to approximately RMB 28,793,000 compared to RMB 26,798,000 in the same period last year[6] - Gross profit decreased by 14.1% to approximately RMB 9,653,000, with a gross margin of 33.5% compared to 41.9% last year[6] - The company reported a loss attributable to equity holders of approximately RMB 1,730,000, compared to a profit of approximately RMB 1,071,000 in the previous year[6] - Basic loss per share was approximately RMB 0.05, compared to earnings of approximately RMB 0.03 per share in the previous year[6] - No dividend was declared for the three months ended March 31, 2022, consistent with the previous year[6] - Operating loss for the period was RMB 964,401, compared to an operating profit of RMB 2,353,460 in the same period last year[7] - The company experienced a net loss before tax of RMB 2,354,444, compared to a profit before tax of RMB 1,123,600 in the previous year[7] - Total comprehensive loss attributable to equity holders was RMB 1,730,073 for the period[7] - The company’s total equity attributable to equity holders decreased to RMB 111,976,731 as of March 31, 2022, from RMB 113,706,804 at the beginning of the year[8] Revenue and Sales - For the three months ended March 31, 2022, the company's revenue was approximately RMB 28,793,480, an increase of about RMB 1,995,765 or 7.4% compared to RMB 26,797,715 for the same period in 2021[28] - The sales of organic bentonite increased significantly, contributing to the revenue growth, while sales of metallurgical pellet bentonite decreased[28] Expenses - Research and development expenses increased to RMB 1,976,500 from RMB 1,239,454 in the previous year[7] - Distribution costs for the same period were approximately RMB 3,827,000, an increase of about RMB 210,000 or 5.8% compared to RMB 3,617,000 in 2021[30] - Administrative expenses rose to approximately RMB 4,883,000, an increase of about RMB 112,000 or 2.3% from RMB 4,771,000 in the previous year[30] - Research and development expenses increased by 59.6% to approximately RMB 1,977,000 from RMB 1,239,000 in the same period last year, primarily due to increased projects in the environmental protection sector[30] Corporate Governance and Shareholding - As of March 31, 2022, Mr. Zhang Youlian holds 19,220,600 shares, representing approximately 50.05% of the issued share capital[35] - Ms. Yu Hua owns 3,576,000 shares, accounting for approximately 9.31% of the issued share capital[39] - The company maintains at least 25% of its issued share capital held by public shareholders[43] - The company has adhered to all applicable provisions of the corporate governance code during the reporting period[47] - The audit committee was established on March 26, 2014, and consists of three independent non-executive directors[50] - The audit committee's main responsibilities include reviewing financial reports and ensuring the effectiveness of internal controls[50] Future Developments and Initiatives - The company continues to focus on promoting organic bentonite for paint and coatings, with significant market recognition and growth in sales and profits[27] - The proposed "high-suspension nano inorganic gel" product has been included in the Ministry of Industry and Information Technology's key new materials application demonstration catalog[27] - The company is focusing on the development of high-end water-based bentonite, responding to the increasing demand for environmentally friendly coatings[32] - The company aims to improve paper quality by enhancing ash content and reducing fiber raw material usage through the development of ash-promoting agents[32] - The company plans to collaborate with Jiangnan University to develop high-performance flame-retardant composite materials based on non-metallic minerals[34] - The company is committed to green mining construction in line with national sustainable development requirements[34] - The company is developing inorganic modified bentonite products to meet the stability performance requirements of various water-based coatings[32] Reporting and Compliance - The effective tax rate for the company is 15% due to the high-tech enterprise certification, which provides tax incentives for three years[20] - The company has not engaged in any related party transactions during the reporting period[41] - As of March 31, 2022, there were no significant post-reporting period events[52] - The company will send the quarterly report for the three months ending March 31, 2022, to shareholders and publish it on its website[53]

Financial Performance - The company recorded revenue of RMB 144,398,000 for the year ended December 31, 2021, an increase of 28.1% compared to RMB 112,718,000 in 2020[11] - Profit attributable to equity holders of the company was RMB 7,435,000, representing a significant increase of 531.7% from RMB 1,177,000 in the previous year[11] - Basic earnings per share rose to RMB 0.19, up 533.3% from RMB 0.03 in 2020[11] - The company's revenue for the year ended December 31, 2021, was approximately RMB 144,398,000, an increase of about 28.2% from RMB 112,718,000 in 2020[28] - Organic bentonite revenue increased by approximately RMB 48,730,000 or 106.1% to RMB 94,664,000 in 2021, driven by both sales volume and price increases[29] - Inorganic gel revenue rose by approximately RMB 14,227,000 or 157.6% to RMB 23,255,000 in 2021, also due to increases in sales volume and price[29] - Gross profit increased from approximately RMB 46,844,000 in 2020 to approximately RMB 60,042,000 in 2021, a rise of about RMB 13,198,000 or 28.2%[34] - The company reported a net profit margin of 12% for 2021, an increase from 10% in 2020[89] Cost and Expenses - The sales cost increased by approximately RMB 18,482,000 or 28.1% from RMB 65,874,000 in 2020 to RMB 84,356,000 in 2021[31] - Raw materials and consumables cost increased from approximately RMB 45,539,000 in 2020 to approximately RMB 60,063,000 in 2021, representing a growth of about RMB 14,524,000 or 31.9%[32] - Direct labor costs rose from approximately RMB 7,245,000 in 2020 to approximately RMB 9,566,000 in 2021, an increase of about RMB 2,321,000 or 32.0%[32] - Distribution costs increased by approximately RMB 770,000 or 4.8%, from RMB 15,952,000 in 2020 to RMB 16,722,000 in 2021[37] - Administrative expenses rose from approximately RMB 15,893,000 in 2020 to approximately RMB 21,280,000 in 2021, an increase of about RMB 5,387,000 or 33.9%[38] - R&D expenses increased from approximately RMB 7,368,000 in 2020 to approximately RMB 10,698,000 in 2021, a growth of about RMB 3,330,000 or 45.2%[40] Research and Development - The company invested approximately RMB 10,698,000 in research and development in 2021, focusing on new product development[24] - The company plans to promote high-end water-based bentonite applications, aligning with the government's goal to reduce solvent-based paint usage by 20% by 2025[23] - The company aims to develop and promote paper additives that align with the green low-carbon circular development strategy proposed by the China Paper Association[77] - The company will continue to develop new products in collaboration with Jiangnan University, focusing on high-performance flame-retardant composite materials based on non-metallic minerals[80] Market and Product Development - The company focused on developing high-end water-based bentonite applications, particularly in environmentally friendly coatings[18] - Two provincial-level new product development projects were undertaken, including a microbial fermentation culture promoter and a flame retardant bentonite[19] - The company has confirmed a preliminary business agreement with APP Group, one of the largest paper groups in Southeast Asia, to expand its overseas market[24] - New product launches included a line of eco-friendly coatings, which are expected to contribute an additional 200 million in revenue in 2022[89] Financial Ratios and Debt - The current ratio decreased by 7.7% to 1.08, while the quick ratio fell by 18.2% to 0.63[11] - The capital debt ratio increased to 75.0%, up from 73.3% in the previous year, indicating a slight rise in financial leverage[14] - Total borrowings increased to approximately RMB 93,561,000 in 2021 from RMB 87,700,000 in 2020, indicating a rise in debt levels[63] - The capital debt ratio rose to 75.0% in 2021 from 73.3% in 2020, attributed to increased bank borrowings[64] Employee and Compensation - The company reported a total employee cost of RMB 20,850,000 for the year ended December 31, 2021, compared to RMB 14,567,000 in 2020, reflecting an increase of approximately 43.5%[77] - The total number of employees as of December 31, 2021, was 152, with 53 at the headquarters and 99 in various operational roles[77] - The highest-paid five individuals in the company included two directors, with details provided in the financial statements[191] Corporate Governance - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[106] - The board believes that having the same person serve as both chairman and CEO provides strong and effective leadership for the group[103] - Independent non-executive directors have confirmed their independence annually, and the company considers them independent according to the relevant regulations[112] - The board has adopted a diversity policy to ensure a balance of skills, experience, and perspectives among its members[117] - The company has complied with all applicable provisions of the corporate governance code during the review period, except for specific deviations noted[103] Risk Management - The risk management framework includes identifying significant risks, assessing their impact, and implementing necessary measures[139] - The audit committee reported that the risk management and internal control systems are appropriate and effective[140] - The company has taken measures to enhance confidentiality regarding insider information and compliance with regulations[141] Sustainability and Environmental Practices - The company emphasizes environmental sustainability and promotes green practices in its daily operations[166] - The management emphasized a focus on sustainability, aiming to reduce carbon emissions by 25% by 2025[89] - The company is committed to building green mines in compliance with national sustainable green development requirements[80] Future Outlook - The company provided guidance for 2022, projecting a revenue growth of 10% to 1.32 billion[89] - Market expansion plans include entering two new international markets by the end of 2022, aiming for a 15% market share in those regions[89] - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential mergers and acquisitions[89] Shareholder Communication - The company ensures effective communication between shareholders and the board through annual general meetings[146] - The company maintains effective communication with investors to enhance transparency and understanding of its business and development[154]

浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 2021 第三季度業績報告 * 僅供識別 * For identification purpose only (A joint stock limited company incorporated in the People's Republic of China with limited liability) Stock Code: 8139 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 2021 THIRD QUARTERLY REPORT 浙江長安仁恒科技股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 股份代號：8139 （於中華人民共和國註冊成立之股份有限公司） • 收入增加32.5%至約人民幣110,428,000元（二零二零年：約人民幣83,354,000 元）。 • 毛利增加37.2%至約人民幣47,612,000元（二零二零年：約人民幣34,698,000 元）。 • 毛 ...

浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 股份代號：8139 （於中華人民共和國註冊成立之股份有限公司） 2021 中期報 告 * 僅供識別 * For identification purpose only (A joint stock limited company incorporated in the People's Republic of China with limited liability) Stock Code: 8139 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 2021 INTERIM REPORT 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市的公司一般為中小型公司，在GEM買賣的證券可能會較於聯交所主板買 ...

Stock Code: 8139 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 股份代號：8139 （於中華人民共和國註冊成立之股份有限公司） 2021 第一季度業績報告 * 僅供識別 * For identification purpose only (A joint stock limited company incorporated in the People's Republic of China with limited liability) 2021 FIRST QUARTERLY REPORT 浙江長安仁恒科技股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中 ...

浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 股份代號：8139 （於中華人民共和國註冊成立之股份有限公司） 2020 年 報 * 僅供識別 * For identification purpose only (A joint stock limited company incorporated in the People's Republic of China with limited liability) Stock Code: 8139 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 2020 ANNUAL REPORT Zhejiang Chang'an Re nheng Technology Co., Ltd. 浙江長安仁恒科技股份有限公司 Annual Report 2020 年報 浙江長安仁恒科技股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的中小型公司提供 ...

(A joint stock limited company incorporated in the People's Republic of China with limited liability) Stock Code: 8139 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 2020 Third Quarterly Report 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 股份代號：8139 （於中華人民共和國註冊成立之股份有限公司） 2020 第三季度業績報告 * 僅供識別 * For identification purpose only 浙江長安仁恒科技股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市的公司一般為 ...

浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 股份代號：8139 （於中華人民共和國註冊成立之股份有限公司） 2020 中期報告 * 僅供識別 (A joint stock limited company incorporated in the People's Republic of China with limited liability) Stock Code: 8139 浙江長安仁恒科技股份有限公司 Zhejiang Chang'an Renheng Technology Co., Ltd. * 2020 Interim Report * For identification purpose only 浙江長安仁恒科技股份有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳的考慮後方作出投資決定。 由於GEM上市的公司一般為中小型公司，在GEM買賣 ...