山西兰花科技创业股份有限公司 2023 年第一次临时股东大会会议资料 山西兰花科技创业股份有限公司 2023 年第一次临时股东大会会议资料 二〇二三年九月十五日 山西兰花科技创业股份有限公司 2023 年第一次临时股东大会会议资料 目 录 | 2023 | 年第一次临时股东大会会议须知 | 3 | | --- | --- | --- | | 2023 | 年第一次临时股东大会议程 | 5 | | | 议案一关于变更注册资本并修订《公司章程》的议案 | 6 | 山西兰花科技创业股份有限公司 2023 年第一次临时股东大会会议资料 2023 年第一次临时股东大会会议须知 根据《公司法》、《公司章程》和《山西兰花科技创业股份有限 公司股东大会议事规则》相关规定，为维护公司投资者的合法权益， 保证股东大会的正常秩序和议事效率，特制定 2023 年第一次临时股 东大会会议须知，具体如下： 一、本次会议采用现场与网络投票相结合的方式召开。 现场会议时间：2023 年 9 月 15 日（星期五）上午 9：00 现场会议地点: 山西省晋城市兰花大厦六楼会议室 网络投票时间：2023 年 9 月 15 日，采用上海证券交易所网 ...

股票代码：600123 股票简称：兰花科创 公告编号：临 2023-017 债券代码：138934 债券简称：23 兰创 01 债券代码：115227 债券简称：23 兰创 02 山西兰花科技创业股份有限公司 关于参加山西辖区上市公司 2023 年投资者 网上集体接待日活动的公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 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 担个别及连带责任。 重要内容提示： 活动时间：2023 年 5 月 11 日（周四） 15:00-17:00 活动方式：网络互动 投资者可登录"全景路演"网站（http://rs.p5w.net），或关 注微信公众号：全景财经，或下载全景路演 APP,参与本次互动交流。 一、活动内容 为进一步加强与投资者的互动交流，山西兰花科技创业股份有限 公司（以下简称"公司"）定于 2023 年 5 月 11 日（周四）15:00-17:00 参加由中国证券监督管理委员会山西监管局、山西省上市公司协会与 深圳市全景网络有限公司联合举办的"2023 年山西辖区上市公司投 资者集体接待日活动"，就公司 2022 年度业绩 ...

Financial Performance - Management expenses increased by 19.28% to ¥1,532,888,912.40, primarily due to rising employee compensation, depreciation, and repair costs[2] - Financial expenses decreased by 38.21% to ¥323,273,992.05, mainly due to reduced interest expenses and increased interest income[2] - Cash and cash equivalents rose by 98.66% to ¥5,364,824,821.42, attributed to increased net profit and operating cash flow[6] - Short-term borrowings decreased by 38.30% to ¥3,328,837,310.62, primarily due to repayment of short-term loans[6] - The company reported a total revenue of 119.97 million from fertilizer production, with a profit of 34.32 million, while coal mining operations reported a revenue of 20 million with a loss of 43.49 million[46] - The company's net profit for 2022 was approximately 2,020,824,184, an increase of 17,402,378 compared to the previous year[161] - The total assets as of January 1, 2022, were approximately 28,684,659,188, reflecting an increase of 5,173,272 from the previous year[151] - The net cash flow from operating activities for 2022 was approximately 3,286,683,652, showing a slight decrease of 190,065 compared to the previous year[153] - The total cash received from sales of goods and services was approximately RMB 10.34 billion, showing a slight decrease of RMB 26.32 million compared to the previous period[198] - The total assets as of December 31, 2022, amounted to RMB 28.73 billion, with a minor adjustment of RMB 8.90 million from the previous year[197] - The total liabilities reached RMB 15.84 billion, reflecting an increase of RMB 9.23 million compared to the previous year[197] - The company's equity attributable to shareholders was RMB 13.06 billion, with a decrease of RMB 631.98 million from the previous year[197] Production and Sales - Total sales revenue from major coal mines reached ¥1,034,093 million, with significant contributions from Dayang Coal Mine and Bofan Coal Mine[7] - The company reported a total production of 1,728,262,200 tons of coal, with confirmed reserves of 409,217,840 tons[12] Governance and Management - The company is enhancing its governance structure by strengthening the board's core role and improving the effectiveness of its supervisory committees to support decision-making and operational development[22] - The company is committed to improving corporate governance and transparency, ensuring compliance with relevant laws and regulations, and enhancing information disclosure practices[57] - The board of directors is committed to maintaining high standards of corporate governance and accountability[68] - Liu Haishan was elected as the chairman of the board on June 16, 2022, following the approval of the shareholders' meeting[62] - The company has established several specialized committees, including the Audit Committee, Nomination Committee, Compensation and Assessment Committee, and Strategic Committee, with Liu Haishan serving on multiple committees[68] - The company announced a resignation of the chairman and CEO, Mr. Li Xiaoming, due to work adjustments, effective May 31, 2022[37] - The board approved the nomination of Mr. Liu Haishan as a candidate for the board of directors during the second extraordinary general meeting on June 16, 2022[37] Safety and Environmental Management - The company is committed to improving safety management in its coal and chemical industries, which face high-risk factors, by enhancing safety responsibility systems and increasing safety investments[26] - The company is prioritizing the establishment of a robust safety management system to mitigate geological risks in its coal mining operations[26] - The company is addressing risks associated with high-temperature, high-pressure, and hazardous production environments in its chemical operations[26] - The company has implemented pollution prevention measures, including the replacement of coal-fired boilers with clean energy solutions across multiple facilities[193] - The company has maintained compliance with environmental regulations, with all pollution control facilities continuously improved[193] - The company reported a total wastewater discharge of 4.08 million tons in 2022, with a chemical oxygen demand (COD) of 0.105 mg/L, meeting the Class III standard of the Surface Water Environmental Quality Standard (GB3838-2002) [85] - The company has implemented a unified sales strategy for coal products through its wholly-owned subsidiary, effectively addressing industry competition issues [72] - The company has established a comprehensive environmental management responsibility system and continuously improved its environmental management regulations[94] - The company has made significant investments in environmental protection projects, ensuring adherence to environmental impact assessments[193] - The company achieved a total wastewater reuse rate of 100% across its coal mining operations, ensuring no discharge into the environment[114] - The company has eliminated all coal-fired boilers below 10t/h at four coal mines, transitioning to cleaner heating solutions[114] - The company has invested in the construction of automatic spray facilities at coal yards to mitigate dust pollution[117] Strategic Focus and Future Outlook - The company is focusing on market expansion and new product development to enhance future growth prospects[19] - The company is actively optimizing its debt structure through the continuous issuance of corporate bonds to support sustainable and stable development[22] - The company is focusing on upgrading gasification technology and addressing bottlenecks in its core businesses, including low-concentration gas utilization projects[51] - The company is actively promoting the application of digital technology and automation in its operations to enhance efficiency and reduce labor costs[52] - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance competitive positioning[65] - The company is focusing on new product development and technological advancements to drive innovation and growth[65] - The strategic committee, led by Liu Haishan, is expected to play a crucial role in shaping the company's long-term strategy[68] Community Engagement and Social Responsibility - Total charitable contributions amounted to 7,002,800 CNY, with 4,637,700 CNY in cash donations and 2,365,100 CNY in material donations[124] - The company invested 2,055,700 CNY in poverty alleviation and rural revitalization projects, benefiting 4,781 individuals[124] - The company has established partnerships with 8 units to support rural revitalization efforts, focusing on improving infrastructure and ensuring income stability for low-income families[144] - The company has implemented a monitoring mechanism for low-income families to prevent poverty, ensuring comprehensive support for those in need[144] - The company has actively supported rural revitalization projects, including eco-tourism initiatives, benefiting local communities[195] Compliance and Legal Matters - There were no penalties imposed by securities regulatory authorities in the past three years[38] - The supervisory board reported no objections to the supervisory matters during the reporting period[41] - The company has no significant litigation or arbitration matters reported for the year[158] - The company has renewed its audit engagement with Xinyong Zhonghe Accounting Firm for the 2022 fiscal year[156] Adjustments and Financial Reporting - The company has adjusted its financial statements in accordance with new accounting interpretations, impacting deferred tax assets and liabilities[149] - The estimated default loss rate for receivables over 5 years was increased from 65.75% to 100%, resulting in a total profit impact of -6,766,288.53 RMB[163] - Fixed asset depreciation period was adjusted to 27 months for certain assets not fully depreciated by September 2024, affecting total assets by -20,638,604.18 RMB[163] - The company reported a total of 5.155 billion RMB in actual related party transactions for 2022, exceeding the estimated 4.579 billion RMB due to increased coal sales volume[168] - Actual purchases from related parties amounted to 21.07 billion RMB, compared to an estimated 20.61 billion RMB, with coal purchases from Lanhua Group totaling 18.66 billion RMB[168] - The company’s net profit was adjusted to 3,296,109,361.89 RMB after accounting for various changes, down from 3,437,942,530.18 RMB[164] - The total operating costs increased to 6,440,599,445.89 RMB, reflecting an adjustment of 182,818,608.91 RMB[164] - The company’s total profit before tax was adjusted to 4,549,463,495.58 RMB, down by 189,584,897.44 RMB[164]

Financial Performance - Total operating revenue for Q1 2023 was CNY 3,017,371,418.26, a decrease of 7.74% compared to Q1 2022[21] - Net profit attributable to shareholders of the listed company was CNY 773,251,951.96, down 11.62% year-on-year[28] - Basic earnings per share for Q1 2023 was CNY 0.6769, reflecting a decrease of 11.62% compared to the previous year[28] - Total comprehensive income attributable to the parent company for Q1 2023 was RMB 773,251,951.96, down from RMB 874,933,137.77 in Q1 2022, a decrease of about 11.6%[40] - The net profit for Q1 2023 was ¥712,805,982.91, down 10.7% from ¥798,724,877.94 in Q1 2022[59] - The total profit for Q1 2023 was ¥906,702,600.76, a decrease of 10.9% compared to ¥1,017,900,834.70 in Q1 2022[59] Cash Flow - Net cash flow from operating activities increased by 22.86% to CNY 1,031,867,771.55[28] - Cash inflow from operating activities totaled RMB 3,524,902,211.99 in Q1 2023, an increase from RMB 2,929,835,403.24 in Q1 2022, marking a growth of approximately 20.3%[43] - The company reported a net cash flow from operating activities of ¥894,180,890.54, an increase of 42% from ¥630,731,882.51 in Q1 2022[62] - Cash and cash equivalents at the end of Q1 2023 totaled ¥4,800,548,950.48, up from ¥2,441,877,961.45 at the end of Q1 2022[62] Assets and Liabilities - Total liabilities amounted to CNY 15,409,752,112.78, an increase from CNY 15,042,190,890.36 at the end of the previous year[19] - Total non-current liabilities decreased to CNY 4,627,737,438.56 from CNY 4,981,271,859.65 year-on-year[19] - Total assets increased by 4.11% to ¥31,588,827,203.33 compared to the previous period[29] - The company's cash and cash equivalents amounted to RMB 6,251,957,971.76, up from RMB 5,364,824,821.42, indicating a year-over-year increase of about 16.4%[36] - The total non-current assets amounted to RMB 22,002,451,167.66 as of March 31, 2023, compared to RMB 21,843,346,169.15 at the end of 2022, showing a slight increase of about 0.73%[36] - Total liabilities increased to ¥12,308,104,324.44 from ¥11,869,628,141.56, representing a growth of approximately 3.7%[46] Research and Development - Research and development expenses rose to CNY 10,189,900.33, compared to CNY 3,590,067.22 in the same period last year[21] - Research and development expenses surged by 183.84% due to higher costs for R&D materials and personnel[30] - Research and development expenses increased significantly to ¥10,095,468.50 in Q1 2023, compared to ¥3,482,361.57 in Q1 2022[59] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 65,142[31] - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 45.11% of the shares[31] - The company reported a decrease in minority shareholder profit by 67.70% due to reduced net profit from non-wholly-owned subsidiaries[31] Operating Costs and Income - Total operating costs for Q1 2023 were CNY 2,096,431,170.12, a decrease from CNY 2,250,603,676.84 in the previous year[21] - Operating income from non-recurring items rose by 42.17% due to increased fines and insurance compensation[30] - The company achieved a gross profit margin of approximately 50% in Q1 2023, compared to 56.4% in Q1 2022[59] Borrowings and Financial Expenses - Long-term borrowings increased by 33.16% as a result of new bank loans[30] - The company’s short-term borrowings increased to ¥3,449,450,000.00 from ¥3,077,503,796.73, indicating a rise of approximately 12.1%[46] - Long-term borrowings increased significantly to ¥2,831,238,616.21 from ¥2,126,238,616.21, reflecting a growth of approximately 33.2%[46] - The company’s financial expenses showed a significant change, with interest income rising to ¥31,677,986.22 in Q1 2023 from ¥7,101,386.02 in Q1 2022[59] Inventory and Prepayments - Prepayments increased by 81.64% primarily due to higher prepaid railway freight[30] - Inventory grew by 44.92% mainly due to increased stock of coal and urea products[30] - The company’s inventory increased to RMB 666,684,963.85 as of March 31, 2023, from RMB 460,038,475.69 at the end of 2022, reflecting a rise of approximately 45%[36]

Financial Performance - The company's operating revenue for Q3 2022 was ¥3,785,558,627.86, representing a year-on-year increase of 6.70%[2] - The net profit attributable to shareholders for the same period was ¥771,881,233.30, an increase of 8.39% year-on-year[2] - The net profit after deducting non-recurring gains and losses reached ¥936,271,575.22, marking a significant increase of 31.30% compared to the previous year[2] - Total operating revenue for the first three quarters of 2022 reached CNY 11,443,870,559.21, an increase of 30% compared to CNY 8,811,115,757.72 in the same period of 2021[17] - Net profit for the first three quarters of 2022 was CNY 2,922,068,271.96, up 147% from CNY 1,183,925,951.50 in the previous year[17] - Operating profit for the first three quarters of 2022 was CNY 4,411,209,955.50, compared to CNY 1,800,052,524.67 in the same period of 2021, reflecting a significant increase[17] - The company's total profit for the first three quarters of 2022 was ¥3,081,489,735.01, compared to ¥1,914,682,863.76 in 2021, reflecting a growth of 60.8%[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥30,965,956,607.48, reflecting a growth of 7.80% from the end of the previous year[4] - Total assets as of the end of the third quarter of 2022 amounted to CNY 30,965,956,607.48, compared to CNY 28,725,813,664.54 at the end of the third quarter of 2021[16] - Total liabilities increased to CNY 15,915,099,416.68 in 2022 from CNY 15,828,011,735.73 in 2021, showing a slight rise in financial obligations[16] - The total liabilities increased to CNY 13,151,901,103.61 as of September 30, 2022, from CNY 11,599,541,792.50 at the end of 2021, marking an increase of about 13%[22] Cash Flow - Cash and cash equivalents increased by 96.22%, primarily due to the rise in net profit[6] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 5,233,551,428.91, a significant increase from CNY 1,437,736,563.74 in the same period of 2021, representing a growth of approximately 264%[19] - The cash inflow from operating activities totaled ¥9,499,186,880.81, compared to ¥4,953,640,329.62 in the previous year, representing an increase of 91.7%[25] Research and Development - Research and development expenses surged by 173.16%, mainly due to higher salaries for R&D personnel[8] - Research and development expenses increased to CNY 34,784,159.04 in 2022 from CNY 12,734,093.43 in 2021, indicating a focus on innovation[17] - Research and development expenses increased to ¥34,455,034.89 in the first three quarters of 2022, up from ¥12,734,093.43 in the same period of 2021, marking a growth of 171.5%[23] Equity and Earnings - The company's basic earnings per share for Q3 2022 was ¥0.6757, up 8.41% year-on-year[2] - The weighted average return on equity was 5.74%, a decrease of 0.69 percentage points compared to the previous year[2] - The company's total equity reached CNY 15,050,857,190.80, up from CNY 12,897,801,928.81 in the previous year, indicating growth in shareholder value[16] - The total equity increased to CNY 18,758,758,639.85 as of September 30, 2022, compared to CNY 17,079,944,123.31 at the end of 2021, indicating a growth of about 10%[22] Inventory and Receivables - The inventory value as of September 30, 2022, was ¥726,328,178.20, compared to ¥607,219,517.91 in the previous year, showing an increase of about 20%[14] - The company's accounts receivable increased to ¥140,744,874.10 from ¥99,880,813.21, marking a growth of approximately 41%[14] - The company’s inventory as of September 30, 2022, was CNY 394,821,925.01, up from CNY 276,501,082.97 at the end of 2021, representing an increase of approximately 43%[20] Operational Changes - The company plans to shut down and relocate the old factory due to safety concerns, which has been approved by the board of directors[13] - The company has agreed to compensate for the relocation of the old factory of Lanhua Nano Company, with the assessed loss amounting to ¥217,522,900, based on the market value as of December 31, 2021[13]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥7,658,311,931.35, representing a 45.50% increase compared to ¥5,263,395,890.73 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was ¥1,986,185,457.85, a significant increase of 185.80% from ¥694,958,261.40 in the previous year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,266,785,025.97, up 207.12% from ¥738,078,078.82 year-on-year[14]. - The net cash flow from operating activities was ¥3,929,249,250.97, a substantial increase of 510.85% compared to ¥643,246,686.90 in the previous year[16]. - Basic earnings per share for the reporting period (1-6 months) increased to 1.7386 CNY, up 185.81% from 0.6083 CNY in the same period last year[17]. - The weighted average return on equity rose to 14.48%, an increase of 8.2 percentage points compared to 6.28% in the previous year[17]. - The total profit amounted to 2.77 billion yuan, showing a significant growth of 202.92% compared to the previous year[36]. - The company reported a net profit attributable to shareholders of 1.99 billion yuan, up 185.80% year-on-year[32]. - The company achieved a total profit of 2.768 billion yuan, representing a year-on-year increase of 202.92%, primarily due to increased coal sales and higher prices for coal and urea[38]. Production and Sales - Coal production reached 602.76 million tons, a year-on-year increase of 11.23%, while coal sales were 559.96 million tons, up 12.51%[19]. - Urea production decreased to 448,000 tons, down 5.49% year-on-year, with sales of 445,100 tons, a decline of 3.8%[19]. - The company’s DME production fell to 10,300 tons, a decrease of 85.12% year-on-year, with sales of 10,200 tons, down 84.50%[20]. - The average selling price of coal from the Bofang mine was 1,251.34 CNY/ton, generating a revenue of 143,680,000 CNY[23]. - The average selling price of urea peaked at approximately 2,900 CNY/ton by the end of June 2022[25]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥30,541,958,094.26, reflecting a 6.32% increase from ¥28,725,813,664.54 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company were ¥14,364,888,246.98, which is a 9.96% increase from ¥13,064,079,403.80 at the end of the previous year[16]. - Total liabilities increased to ¥16,200,199,322.27, up from ¥15,828,011,735.73, representing a growth of 2.34%[108]. - Current liabilities totaled ¥12,303,772,148.94, compared to ¥11,683,303,398.48, reflecting an increase of 5.30%[108]. - Total current assets increased to approximately 9.03 billion RMB from 6.95 billion RMB, reflecting significant growth[107]. Environmental and Safety Risks - The company has highlighted potential risks related to safety, environmental protection, and market conditions in its management discussion and analysis section[3]. - The company faces significant safety risks due to the hazardous nature of its coal and chemical production industries, necessitating enhanced safety management and investment[45]. - Environmental risks are heightened by strict regulatory standards, with potential penalties for exceeding pollution limits impacting operational stability[45]. - The company has reported a total of 20.94 NOx emissions at the brick factory roasting kiln, exceeding the standard limit of 30 mg/m³[56]. - The company has established emergency response plans for environmental incidents, ensuring preparedness for potential environmental emergencies[70]. Research and Development - The company’s research and development expenses increased by 47.67% to approximately 10.58 million yuan[36]. - Research and development expenses for the first half of 2022 amounted to ¥10,581,963.89, up from ¥7,165,794.72 in the same period of 2021, indicating an increase of about 47.0%[111]. Corporate Governance and Leadership - Liu Haishan was elected as the new chairman of the board following the resignation of Li Xiaoming, reflecting a change in leadership[49]. - The company held its annual general meeting on May 23, 2022, approving multiple resolutions including the financial budget and profit distribution plan for 2021[47]. Community Engagement and Social Responsibility - The company has established partnerships with 8 units to support poverty alleviation and rural revitalization efforts, actively engaging in community development projects[80]. - The company has engaged in community support activities, including the establishment of a poverty alleviation supermarket to facilitate the sale of local agricultural products[81]. Financial Management and Capital Structure - The company has issued a total of 20 billion RMB in corporate bonds, with a fixed interest rate of 4.5%[98]. - The credit rating for the company's bonds remains stable, with a rating of AA+ for the issuer and AAA for the bonds[100]. - The company has completed the issuance of 30 billion RMB in corporate bonds, secured by mining rights from two coal mines[102]. - The total guarantee amount provided by the company, including guarantees to subsidiaries, is CNY 1,179,456,714.24, which accounts for 8.21% of the company's net assets[89]. Compliance and Regulatory Matters - The company has maintained compliance with environmental regulations, with all major pollutant discharge units holding valid discharge permits[51]. - The company faced administrative penalties for exceeding emissions standards, with fines totaling 33,000 RMB for the coal chemical company and 14,900 RMB for the Tang'an coal mine[73]. - The company has implemented corrective measures for all penalties, including the removal of outdoor coal storage and upgrading environmental facilities[75]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, indicating the company has sufficient financial resources to support ongoing operations for at least 12 months[126]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[128]. - The company recognizes revenue primarily from coal and coal chemical products upon fulfilling performance obligations, which occurs when customers gain control of the related goods or services[199].

Group 1: Event Details - The event is scheduled for June 23, 2022, from 15:00 to 16:30 [3][4] - The format of the event will be an online interaction [2][4] Group 2: Participation Information - Investors can participate via the "Panorama Roadshow" website [5] - Investors are encouraged to submit questions in advance through phone or email [5] Group 3: Company Representatives - The event will feature the company secretary, Miao Wei, and the chief accountant, Xing Yuehong [4] Group 4: Contact Information - Contact department: Securities and Investment Department [6] - Phone: 0356-2189656 [6] - Email: lhkcir@163.com [6]

Financial Performance - The company's operating revenue for Q1 2022 was RMB 3,270,572,799.08, representing a 50.50% increase compared to the same period last year[2]. - Net profit attributable to shareholders was RMB 874,933,137.77, showing a significant increase of 285.73% year-on-year[2]. - The net cash flow from operating activities reached RMB 839,864,660.64, reflecting an increase of 870.15% compared to the previous year[2]. - The total operating revenue for Q1 2022 was approximately ¥3.27 billion, a significant increase of 50.6% compared to ¥2.17 billion in Q1 2021[16]. - The net profit for Q1 2022 reached approximately ¥894.90 million, up 348.5% from ¥199.40 million in Q1 2021[16]. - The operating profit for Q1 2022 was approximately ¥1.17 billion, compared to ¥311.29 million in Q1 2021, reflecting a substantial growth[16]. - The company reported a total profit of approximately ¥1.02 billion for Q1 2022, up from ¥365.28 million in Q1 2021, marking an increase of 179.7%[22]. - The company's total comprehensive income for Q1 2022 was approximately ¥798.72 million, compared to ¥274.66 million in Q1 2021, reflecting a growth of 190.5%[23]. Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 30,279,835,713.38, which is a 5.41% increase from the end of the previous year[2]. - The total assets as of March 31, 2022, amounted to RMB 30,319,271,233.77, up from RMB 28,679,485,915.81 at the end of 2021, reflecting a growth of approximately 5.7%[19]. - The total liabilities increased to approximately ¥16.41 billion in Q1 2022 from ¥15.83 billion in Q1 2021, showing a growth of 3.7%[15]. - The total liabilities increased to RMB 12,378,599,869.83 in Q1 2022 from RMB 11,599,541,792.50 in Q4 2021, marking an increase of about 6.7%[21]. - The total equity attributable to shareholders was RMB 14,014,882,029.75, reflecting a 7.28% increase from the previous year[4]. - The total equity as of March 31, 2022, was RMB 17,940,671,363.94, an increase from RMB 17,079,944,123.31 at the end of 2021, indicating a growth of about 5%[21]. Production and Sales - The company reported a 12.65% increase in coal production volume, reaching 2,800,600 tons in Q1 2022[8]. - The sales volume of coal increased by 19.15% to 2,445,000 tons, with a sales price of RMB 984.28 per ton, up 62.65% year-on-year[8]. - The gross profit from coal sales was RMB 168,649,000, representing a 144.99% increase compared to the same period last year[8]. - The company’s sales revenue from goods and services received cash of approximately ¥1.83 billion, compared to ¥949.28 million in the previous year, representing an increase of 92.7%[24]. Cash Flow - Cash and cash equivalents amounted to CNY 3.43 billion, up from CNY 2.70 billion, indicating a growth of about 27.1% year-over-year[13]. - Cash and cash equivalents at the end of Q1 2022 were RMB 3,030,961,434.00, compared to RMB 1,758,879,992.33 at the end of Q1 2021, representing an increase of approximately 72.4%[18]. - The cash flow from operating activities generated a net amount of approximately ¥630.73 million, a turnaround from a negative cash flow of ¥323.45 million in the same period last year[24]. - The company reported a net cash outflow from investing activities of RMB -66,605,950.44 in Q1 2022, an improvement from RMB -182,800,753.76 in Q1 2021[18]. Investments and Strategic Moves - The company approved an investment of CNY 200 million to establish a wholly-owned subsidiary focused on coal sales, enhancing market presence[12]. - The company plans to transfer 100% equity of Rizhao Lanhua Yedian Energy Co., Ltd. for CNY 72.94 million, indicating strategic divestment[12]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 52,757[10]. - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 45.11% of the shares, totaling 515.34 million shares[10].

Financial Performance - The company achieved a net profit attributable to the parent company of CNY 2,352,524,935.31 in 2021, with a net profit of CNY 2,329,307,886.65 for the parent company [2]. - The company achieved a total operating revenue of RMB 12.86 billion in 2021, representing a year-on-year increase of 94.07% [11]. - The net profit attributable to shareholders reached RMB 2.35 billion, a significant increase of 527.84% compared to the previous year [11]. - The net cash flow from operating activities was RMB 3.29 billion, up 380.26% year-on-year [11]. - Basic earnings per share were RMB 2.0593, marking a 527.84% increase from the previous year [12]. - The weighted average return on equity was 19.79%, an increase of 16.26 percentage points year-on-year [12]. - The company reported a total profit of 2,951 million, an increase of 488.33% from 502 million in the previous year, primarily due to rising prices of coal and urea [46]. - The company reported a net profit of 2,401,608,421.79 RMB for 2021, a significant increase of 626.95% compared to 330,367,176.49 RMB in 2020 [168]. - The operating revenue for the reporting period reached 12.86 billion RMB, reflecting strong performance in coal and chemical product sales [173]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 7.5 per 10 shares, totaling CNY 856,800,000, which accounts for 36.42% of the net profit attributable to the parent company for 2021 [2]. - The company plans to distribute cash dividends of 0.1 CNY per share, totaling 114,240,000 CNY, which is 30% of the net profit attributable to shareholders for the year [104]. - The board has approved a dividend increase of 5% for shareholders, reflecting the company's strong financial performance [88]. Operational Performance - The company produced 10.40 million tons of coal and sold 10.27 million tons during the reporting period [16]. - The company produced 92.82 million tons of urea and sold 91.42 million tons, reflecting strong operational performance [16]. - The company achieved a coal production of 10.40 million tons, a 14.87% increase from 9.06 million tons in the same period last year [29]. - Sales volume for coal reached 10.27 million tons, up 14.99% from 8.93 million tons year-over-year [29]. - The average selling price of coal (excluding tax) increased by 73.32% to 806.54 RMB per ton from 465.36 RMB per ton [29]. - Total sales revenue surged to 8.28 billion RMB, a 99.30% increase compared to 4.16 billion RMB in the previous year [29]. - The company's gross profit rose to 5.60 billion RMB, reflecting a 167.75% increase from 2.09 billion RMB year-over-year [29]. Investment and Capital Expenditure - The company invested approximately RMB 1 billion in environmental protection initiatives throughout the year [17]. - The company completed an investment of 1.71 billion yuan in the Tang'an Green Coal Filling Mining Project, which is expected to fundamentally change coal production methods [19]. - The company allocated 54,070.91 million yuan for the Qinyu 90 million tons technical transformation project, with a cumulative investment of 56,728.76 million yuan [65]. - The company has a total of 282,606.2 million yuan allocated for various technical transformation projects in 2021 [66]. Environmental and Safety Compliance - The company maintained a stable safety production record with no environmental accidents reported during the year [17]. - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report as stated by its board of directors and management [2]. - The company has established a robust environmental management system, adhering to the Environmental Impact Assessment Law for all new and modified projects [126]. - The company has committed to a sustainable environmental management approach, with all major pollutant discharge units meeting regulatory standards for emissions [112]. - The company reported a total emission of SO2 at 28.19 mg/m³, which is below the regulatory limit of 150 mg/m³ [115]. - The company achieved a COD level of 3.22 mg/L, which is within the acceptable limit of 20 mg/L [116]. - The company completed the elimination of coal-fired boilers below 10t/h at four coal mines, transitioning to clean heating solutions [125]. Governance and Management - The company is committed to enhancing its governance structure in line with regulatory requirements [85]. - The company has implemented measures to ensure the independence of its operations despite the competition from its controlling shareholder [85]. - The company has established a performance evaluation mechanism for senior management, linking their assessments to performance management [106]. - The company has a governance structure in place to ensure accountability and performance evaluation of its senior management [93]. - The company has identified four governance issues during its self-inspection, three of which have been rectified, while the issue of competition with its controlling shareholder remains under discussion [109]. Market and Strategic Outlook - The company is actively pursuing market expansion and has integrated its coal, chemical, and fertilizer production processes to enhance efficiency [28]. - The company plans to expand its market presence and invest in new technologies to enhance production efficiency and product offerings [47]. - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring at least one company in the next 12 months [88]. - The company is focusing on performance evaluation and incentive mechanisms, establishing a salary distribution system aligned with comprehensive performance evaluation indicators [80]. Financial Health and Ratios - The company's current ratio improved to 0.59 from 0.43, an increase of 37.21% year-on-year [168]. - The debt-to-asset ratio decreased to 55.10%, down 3.39 percentage points from 58.49% in the previous year [168]. - The interest coverage ratio rose to 5.60, a substantial increase of 302.88% compared to 1.39 in 2020 [168]. - The total liabilities increased to CNY 11,599,541,792.50 in 2021 from CNY 10,863,889,899.08 in 2020, marking an increase of about 6.8% [184]. - The total equity rose to CNY 17,079,944,123.31 in 2021, up from CNY 14,774,110,344.08 in 2020, reflecting an increase of approximately 15.6% [184]. Research and Development - Research and development expenses amounted to 23.71 million, accounting for 0.18% of total revenue [42]. - The company is investing heavily in R&D, with a budget allocation of 150 million for new technologies and product development [88]. - The company employed 923 R&D personnel, making up 5% of the total workforce, with a significant portion in the 30-40 age range [43]. Employee and Talent Management - The total number of employees in the company is 18,348, with 11,814 in the parent company and 6,534 in major subsidiaries [101]. - The company has established four skill master studios to promote the spirit of craftsmanship and continuously cultivate professional technical personnel [103]. - The company is actively enhancing talent development through partnerships with various educational institutions and implementing a "talent strong enterprise" strategy [103].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,547,719,866.99, representing a 93.31% increase compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 712,102,189.95, a significant increase of 623.74% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 713,086,273.65, up 573.40% from the previous year[2]. - Basic earnings per share for the quarter were CNY 0.6233, reflecting a 623.93% increase year-on-year[2]. - Total operating revenue for the first three quarters of 2021 reached ¥8,811,115,757.72, a significant increase of 84.8% compared to ¥4,773,230,344.70 in the same period of 2020[12]. - Net profit attributable to shareholders of the parent company was ¥1,407,060,451.35, up 474.5% from ¥244,874,101.97 year-on-year[13]. - Operating profit for the first three quarters was ¥1,800,052,524.67, compared to ¥346,409,372.48 in the previous year, reflecting a growth of 419.5%[12]. - The company's total profit for the first three quarters was ¥1,727,313,213.69, a significant increase from ¥325,305,540.73 in the previous year[12]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 30,113,828,106.74, a 14.40% increase from the end of the previous year[3]. - As of September 30, 2021, the total assets of the company reached RMB 30,113,828,106.74, an increase from RMB 26,323,330,923.44 at the end of 2020, representing a growth of approximately 10.4%[10]. - Total assets at the end of the reporting period were ¥2,728,450,579.45, compared to ¥1,744,098,086.23 at the end of the previous year, showing growth in asset base[14]. - Total liabilities reached CNY 15.40 billion, with a minor increase of CNY 30.06 million compared to the last reporting period[16]. - The total current liabilities increased to RMB 12,681,298,461.08 from RMB 10,179,917,686.28, reflecting a rise of approximately 24.6%[11]. - The company's short-term borrowings rose to RMB 5,754,000,000.00, compared to RMB 4,519,290,000.00 in the previous year, marking an increase of about 27.4%[11]. Cash Flow - The company reported a net cash flow from operating activities of CNY 1,437,736,563.74, which is a 336.81% increase year-to-date[2]. - The net cash flow from operating activities was ¥1,437,736,563.74, a substantial increase from ¥329,144,891.62 in the same period last year[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,842[6]. - The largest shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., held 515,340,000 shares, accounting for 45.11% of the total shares[7]. Inventory and Investments - The company's inventory as of September 30, 2021, was RMB 778,670,243.41, compared to RMB 494,592,865.68 in the previous year, indicating an increase of about 57.7%[10]. - The company's long-term investments increased to RMB 1,237,463,313.52 from RMB 1,086,007,102.13, showing a growth of approximately 14%[10]. - Long-term equity investments were valued at CNY 1.09 billion, unchanged from the previous period[15]. Financial Standards and Regulations - The company adopted the revised lease accounting standards effective January 1, 2021, impacting the financial statements[18]. - The company is subject to production restrictions from October 1, 2021, to March 31, 2022, due to air pollution control measures, affecting several subsidiaries[9]. - The company plans to shut down its Yanghua subsidiary and will publicly dispose of its physical assets based on asset evaluation, as per the board's decision on July 14, 2021[9]. Research and Development - Research and development expenses amounted to ¥12,734,093.43, indicating ongoing investment in innovation[12].