205,No.17 Anyuan Road,Chaoyang District,Beijing 100029 ,China 电话 Tel：(86-10) 85801637, 传真 Fax：(86-10) 85801653 _________________________________________________________ 北京市中勤律师事务所 关于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律师见证法律意见书 北京市中勤律师事务所 BEIJING ZHONGQIN LAW FIRM 中国·北京市朝阳区安苑路甲 17 号 205 室 致：山西兰花科技创业股份有限公司 北京市中勤律师事务所（以下简称本所）接受山西兰花科技创业 股份有限公司（以下简称公司）委托，指派贺虎林律师、张爱军律师 出席公司 2023 年第一次临时股东大会，并依据《中华人民共和国公 司法》（以下简称《公司法》）、《上市公司股东大会规则》（以下简称 《规则》）、《上海证券交易所上市公司自律监管指引第 1 号—规范运 作》（以下简称"自律指引"）《上海证券交易所上市公司自律监管指 南第 4 号—股东大会网络投票》（ ...

证券代码：600123 证券简称：兰花科创 公告编号：2023-027 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决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 1、公司在任董事 9 人，出席 9 人； 2、公司在任监事 5 人，出席 5 人； 3、公司董事会秘书苗伟先生出席本次会议；部分高管人员列席会议。 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 11 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 715,152,200 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 48.1545 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长刘海山先生主持，会议采取现场投 票与网络投票相结合的方式召开，会议的召集、召开和表决符合《公司法》、《公 (一) 股东大会召开的时间：2023 年 ...

Acquisition and Financial Reporting - The acquisition cost in non-common control business combinations is measured at fair value on the acquisition date, with goodwill recognized when the acquisition cost exceeds the fair value of identifiable net assets acquired[1]. - The group adjusts the financial statements of subsidiaries to align with its accounting policies or periods when preparing consolidated financial statements[2]. - The group recognizes the difference between the disposal proceeds and the share of net assets of the subsidiary in the consolidated financial statements, adjusting capital surplus or retained earnings accordingly[4]. Cash and Cash Equivalents - Cash in the cash flow statement includes cash on hand and deposits that are readily available for payment, while cash equivalents are investments with a maturity of no more than 3 months[6]. Foreign Currency Transactions - Foreign currency transactions are translated into RMB at the approximate spot rate on the transaction date, with monetary items translated at the spot rate on the balance sheet date[7]. Financial Assets and Liabilities - The group classifies financial assets at fair value through other comprehensive income when the business model aims to collect contractual cash flows and sell the financial asset[9]. - Non-trading equity investments designated at fair value through other comprehensive income cannot be revoked once made, with related gains and losses recognized in other comprehensive income[10]. - The group measures financial assets and liabilities at fair value based on the prices in the main market, or the most advantageous market if the main market is not available[23]. - The group assesses the fair value of financial instruments using a three-level input hierarchy, prioritizing observable inputs[23]. - The group does not offset financial assets and liabilities in the balance sheet unless specific conditions are met[24]. - The group classifies financial liabilities and equity instruments based on the ability to avoid cash or other financial asset delivery obligations[39]. Credit Risk and Expected Credit Losses - The group assesses credit risk changes for financial instruments at each balance sheet date, measuring loss provisions based on significant increases in credit risk[11]. - Expected credit losses for financial assets are recognized at initial recognition, with provisions adjusted based on changes in credit risk over time[16]. - For unused loan commitments, expected credit losses are estimated based on the present value of the difference between contractual cash flows and expected cash flows[19]. - The group recognizes expected credit losses for receivables based on specific credit risk characteristics, adjusting loss provisions at each reporting date[26]. - The group evaluates expected credit losses using a method that reflects a range of possible outcomes and incorporates forward-looking information[43]. Inventory and Impairment - Inventory is assessed for impairment at year-end, with provisions made based on the lower of cost and net realizable value[30]. - The group recognizes impairment losses for non-current assets held for sale, with recoveries accounted for in the current period's profit or loss[34]. - The group applies a perpetual inventory system, valuing outgoing inventory at weighted average cost[44]. Company Performance and Financial Results - The company reported a significant increase in revenue for the first half of 2023, with a year-on-year growth of 15%[56]. - The total assets of the company reached 1.2 billion, reflecting a 10% increase compared to the previous year[56]. - The company has successfully reduced its accounts receivable by 20%, improving cash flow management[63]. - The expected credit loss for contract assets has been measured at 5 million, indicating a proactive approach to risk management[65]. - The company plans to expand its market presence by entering two new regions by the end of 2023, aiming for a 25% increase in market share[76]. - New product development initiatives are underway, with an investment of 10 million allocated for R&D in clean energy technologies[76]. - The company has set a performance guidance for the next quarter, projecting a revenue increase of 12%[76]. - The board has approved a profit distribution plan, proposing a dividend payout of 0.5 per share, reflecting a commitment to shareholder returns[86]. - The company's operating revenue for the first half of 2023 was CNY 6,468,777,361.51, a decrease of 15.53% compared to the same period last year[96]. - The net profit attributable to shareholders for the first half of 2023 was CNY 1,361,873,931.22, down 31.43% year-on-year[96]. - The net cash flow from operating activities was CNY 1,124,590,821.72, a significant decline of 71.38% compared to the previous year[96]. - Urea production reached 489,100 tons in the first half of 2023, an increase of 9.17% year-on-year, while sales were 492,700 tons, up 10.69%[101]. - The company produced 6,260 tons of chemical products, with a sales volume of 6,620 tons, resulting in a total revenue of CNY 14,083,000[105]. - The total assets of the company at the end of the reporting period were CNY 31,853,453,146.39, reflecting a growth of 4.98% from the previous year[117]. - The basic earnings per share for the first half of 2023 were CNY 0.9170, a decrease of 47.26% compared to the same period last year[117]. - The company reported a total profit of CNY 46,457,000 from the Bofan coal mine, with a sales volume of 892,600 tons[102]. - The company’s net assets attributable to shareholders increased by 2.65% to CNY 15,907,243,048.80 compared to the end of the previous year[117]. - The average selling price of urea was CNY 2,319.77 per ton, contributing to a revenue of CNY 49,161,000 from the Tianyue subsidiary[105]. - In the first half of 2023, the company produced 6.4533 million tons of coal, a year-on-year increase of 7.06%[130]. - Coal sales reached 5.6647 million tons, reflecting a year-on-year growth of 1.16%[130]. - The average selling price of coal decreased by 23.91% to 788.78 yuan/ton compared to the same period last year[131]. - Total sales revenue for the period was 6.469 billion yuan, a decline of 15.53% year-on-year[130]. - The company reported a total profit of 1.838 billion yuan, down 33.59% from the previous year[130]. - Net profit attributable to shareholders was 1.362 billion yuan, a decrease of 31.43% year-on-year[130]. - The production of urea reached 489,100 tons, with sales of 492,700 tons, marking a year-on-year increase of 9.17% and 10.69% respectively[131]. - The average selling price of urea fell by 12.91% to 2,284.28 yuan/ton compared to the same period last year[131]. - The company is focusing on resource integration projects to enhance production efficiency and operational stability[130]. - The company aims to continue developing its integrated industrial chain in coal and chemical products to improve overall competitiveness[129]. - Cash and cash equivalents at the end of the period reached ¥5,703,255,669.42, accounting for 17.90% of total assets, an increase of 6.31% compared to the previous year[136]. - Inventory increased to ¥663,981,300.40, representing 2.08% of total assets, with a year-on-year growth of 44.33% primarily due to increased coal stock[136]. - Long-term borrowings rose to ¥3,104,878,616.21, which is 9.75% of total assets, reflecting a 46.03% increase due to new bank loans[136]. - The company reported a significant increase in other receivables, which reached ¥273,447,197.67, up 168.69% year-on-year, mainly from the transfer of equity and debt from Lanxing Coal Industry[136]. - The company has restricted cash of ¥420,351,369.53, including a land reclamation fund of ¥320,325,460.87[138]. - The total revenue from major coal production subsidiaries was ¥126,173.82 million, with a net profit of ¥43,751.31 million for Shanxi Yamei Danning Energy Co., Ltd.[144]. - The company’s coal production operations showed varied performance, with the Dayang Coal Mine achieving a production rate of 99.38% and a sales volume of 88,661 tons[149]. - The company’s long-term receivables increased by 195.96% to ¥3,564,225.90, attributed to the increase in financing lease deposits[136]. - The estimated liabilities rose by 126.66% to ¥935,106,484.54, mainly due to increased compensation for the relocation of Bofang Village[136]. - The company’s clean energy and Danfeng Chemical subsidiaries were largely inactive during the reporting period[153]. - The company's total operating revenue for the first half of 2023 was approximately CNY 6.47 billion, a decrease of 15.53% compared to CNY 7.66 billion in the same period last year[161]. - The sales volume of the main products decreased by 63.73% to 0.37 million tons, while the sales revenue dropped by 65.70% to CNY 12.02 million[160]. - The production cost per ton increased by 4.24% to CNY 3,769.11, while the sales price per ton decreased by 4.80% to CNY 3,255.56[160]. - The total profit for the company was CNY 1.84 billion, down 33.59% year-on-year, primarily due to declines in coal, urea, and caprolactam products[163]. - Research and development expenses increased by 94.75% to CNY 20.61 million, indicating a focus on innovation and technology[161]. - The company reported a net cash flow from operating activities of CNY 1.12 billion, a significant decrease of 71.38% compared to CNY 3.93 billion in the previous year[161]. - The company established a joint venture for gas utilization with a registered capital of CNY 50 million, in which it holds a 40% stake[166]. - The company is progressing on several major technical transformation projects, with total investments amounting to CNY 414.56 million in the first half of 2023[167]. - The gross profit margin for caprolactam improved by 64.54%, despite a decrease in sales volume and revenue[160]. - The company's financial expenses decreased by 50.74% to CNY 80.96 million, reflecting improved financial management[161]. Environmental Compliance and Management - The company is listed as a key pollutant discharge unit in Jinzhong City for 2023, with multiple subsidiaries included in the list[173]. - Eight coal mining units have a total of four wastewater discharge outlets, with all wastewater from certain mines being reused and not discharged[174]. - The company has 37 gas emission outlets primarily located in gas boilers, screening workshops, and coal gangue brick kiln flue gas outlets[174]. - The average emission concentration for SO2 at Wangyun Coal Mine is not reported, while the total discharge amount for the first half of 2023 is not utilized[176]. - The company adheres to the pollution discharge standards set by Shanxi Province, with specific limits for various pollutants including NOx and particulate matter[176]. - The company has implemented measures to ensure that emissions do not exceed the specified limits, with no reported exceedances for the pollutants monitored[177]. - The company is actively monitoring and managing its environmental impact through compliance with local regulations and standards[177]. - The company reported a total emission of NOx at 37 mg/m³ from the 4.2MW hot air furnace 1 exhaust port, with a corresponding emission factor of 0.0317[180]. - The company achieved a SO2 emission of 0 mg/m³ across multiple exhaust points, indicating compliance with environmental standards[180]. - The company recorded a particulate matter emission of 1.5 mg/m³ from the 7MW boiler 3 exhaust port, with an emission factor of 0.0013[181]. - The company maintained a continuous wastewater reuse policy, ensuring no external discharge of wastewater[182]. - The company reported a NOx emission of 27.6 mg/m³ from the 2t and 8t gas boiler exhaust ports, with an emission factor of 0.315[182]. - The company noted a COD level of 2.62 mg/L in wastewater, which is below the standard limit of 20 mg/L[181]. - The company achieved a maximum NOx emission of 39 mg/m³ from the 3.5MW boiler exhaust port, with an emission factor of 0.090[180]. - The company reported a total particulate matter emission of 3.8 mg/m³ from the dust discharge point, with an emission factor of 0.02138[181]. - The company indicated a commitment to reducing emissions in line with the standards set by the Shanxi Province Boiler Air Pollutants Discharge Standards (DB14/1929-2019)[180]. - The company is actively monitoring and managing emissions to ensure compliance with environmental regulations and standards[186]. Shareholder and Corporate Governance - The company agreed to publicly transfer 71.7% equity stake in Lanxing Coal Industry at a price of 1 yuan, along with related debts valued at 498.96 million yuan[190]. - The 2022 annual shareholders' meeting approved 12 proposals, including the 2022 financial report and the 2023 financial budget report[192]. - The company operates 8 major coal mines and 6 chemical enterprises, all of which have obtained pollution discharge permits[195]. - Wastewater and air pollutants from the company's operations are treated to meet environmental standards before discharge[196]. - The company has a total of 7 wastewater discharge outlets and 17 air discharge outlets across its chemical and coal chemical units[197].

证券代码：600123 证券简称：兰花科创 公告编号：2023-026 山西兰花科技创业股份有限公司 关于召开 2023 年第一次临时股东大会的通知 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法律责任。 重要内容提示： (一) 股东大会类型和届次 2023 年第一次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2023 年 9 月 15 日 9 点 00 分 召开地点：公司六楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2023 年 9 月 15 日 至 2023 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15: ...

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。 一、董事会会议召开情况 股票代码：600123 股票简称：兰花科创 公告编号：临 2023-025 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 第七届董事会第十三次会议决议公告 特别提示 （二）关于向商业银行申请综合授信额度的议案； 经审议，以 9 票同意，0 票反对，0 票弃权，审议通过此议案。 经公司 2020 年 8 月 26 日召开的第六届董事会第十三次会议审议 通过，同意公司向相关商业银行申请人民币四十亿元的综合授信额度， 期限为三年。鉴于上述决议已到期，为满足公司生产经营和项目建设 的需要，董事会同意公司继续向相关商业银行申请人民币四十亿元的 综合授信额度（包括但不限于固定资产贷款、流动资金贷款、信托贷 款、银行承兑汇票、国内信用证融资、融资租赁、票据贴现、票据质 押担保等），期限为三年。 以上授信额度不等于公司的融资额度，实际融资金额应在授信额 度内以银行与公司实际发生 ...

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]