财务公司对公司开展的金融服务业务为正常的商业服务,公司与财务公司之间发生 的关联存款等金融服务业务公平、合理。财务公司的管理风险不存在重大缺陷,公司在 财务公司的关联业务风险目前可控。 公司董事会在审议该关联交易事项时关联董事进行了回避表决,表决程序符合有关 法律、法规、规范性文件和《公司章程》的相关规定。我们同意该议案。 沧州大化股份有限公司 独立董事关于第八届董事会第二十四次会议相关事项 独立意见 根据《上市公司独立董事规则》、《上海证券交易所上市公司自律监管指引第1 号一 规范运作》、《公司章程》等有关规定,作为沧州大化股份有限公司的独立董事,我们 认真阅读了公司提供的相关资料,基于个人独立判断,对公司第八届董事会第二十四 次会议审议的相关事项发表独立意见如下: 1、关于对中化集团财务有限责任公司 2023年半年度风险评估报告的议案 认为:中化集团财务有限责任公司(以下简称"财务公司")作为非银行金融机 构,其业务范围、业务内容和流程、内部的风险控制制度等措施都受到中国银监会的严 格监管,不存在损害公司及中小股东权益的情形。 3、关于追加 2023年度部分日常关联交易预计的议案 该议案所涉及的关联交易, ...

沧州大化股份有限公司 关于参加中国中化控股有限责任公司下属上市公司 2022年度暨2023年第一季度集体业绩说明会的公告 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个别及连带责任。 重要内容提示： 沧州大化股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日和 2023 年 4 月 29 日分别发布了公司 2022 年年度报告和 2023 年第一季度报告。为便于 广大投资者更全面、更深入地了解中国中化控股有限责任公司（以下简称"中国 中化"）所属上市公司，同时以更为丰富、便捷的形式与投资者进行交流和互动， 根据中国中化统一安排，公司将与中国中化所属的其他 6 家上交所上市公司于 2023 年 5 月 12 日（星期五）下午共同参加集体业绩说明会。 证券代码：600230 证券简称：沧州大化 编号：2023-014 （三） 会议召开方式：现场交流、视频直播和网络文字互动 一、 说明会类型 本次会议系中国中化举办的首次集体业绩说明会，旨在加强与投资者沟通， 推进上市公司高质量发展，向市场充分展现中国中化控股上市公司的业务 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,149,405,539.12, representing a year-on-year increase of 19.78%[6] - The net profit attributable to shareholders of the listed company was CNY 71,708,749.10, showing a decrease of 26.60% compared to the same period last year[6] - The basic earnings per share for the period was CNY 0.1714, down by 26.56% year-on-year[7] - The net profit for Q1 2023 was CNY 72,429,412.08, a decrease of 26.3% compared to CNY 98,288,006.81 in Q1 2022[18] - The total revenue from sales of goods and services in Q1 2023 was CNY 1,073,649,048.88, an increase of 35.8% from CNY 790,982,527.20 in Q1 2022[19] - The company reported a total comprehensive income of CNY 72,429,412.08 for Q1 2023, down from CNY 98,288,006.81 in Q1 2022[18] Assets and Liabilities - Total assets at the end of Q1 2023 amounted to CNY 7,149,821,530.12, an increase of 1.45% from the end of the previous year[7] - The equity attributable to shareholders of the listed company was CNY 4,016,684,580.42, reflecting a growth of 2.05% compared to the end of the previous year[7] - Net assets totaled ¥4,332,985,810.41 as of Q1 2023, compared to ¥4,251,072,579.54 in Q1 2022, indicating a growth of 1.9%[15] - Total liabilities amounted to ¥2,816,835,719.71 in Q1 2023, slightly up from ¥2,796,683,221.40 in Q1 2022[15] - The company reported a decrease in short-term borrowings to ¥306,740,000.00 in Q1 2023 from ¥507,231,727.78 in Q1 2022, a reduction of 39.5%[15] Cash Flow - The net cash flow from operating activities was CNY 42,791,865.39, with no applicable year-on-year comparison[6] - The net cash flow from operating activities for Q1 2023 was CNY 42,791,865.39, a significant improvement from a net outflow of CNY -36,748,954.98 in Q1 2022[19] - The net cash flow from financing activities for Q1 2023 was CNY -5,172,301.17, a decrease from CNY 183,943,011.07 in Q1 2022[21] - The cash flow from investment activities in Q1 2023 was CNY -18,551,612.40, compared to CNY -168,694,867.28 in Q1 2022[21] Shareholder Information - The company reported a total of 44,276 common shareholders at the end of the reporting period[10] - The largest shareholder, Cangzhou Dahua Group Co., Ltd., holds 190,467,424 shares, accounting for 45.53% of the total shares[11] Research and Development - Research and development expenses increased to ¥33,295,324.01 in Q1 2023, compared to ¥13,123,955.40 in Q1 2022, reflecting a growth of 153.5%[17] Inventory and Operating Costs - The company’s inventory increased to CNY 543,965,010.23, up from CNY 406,511,556.78 at the end of the previous year[13] - Total operating costs for Q1 2023 were ¥1,053,076,878.40, up 24.7% from ¥844,696,895.53 in Q1 2022[17] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17]

Financial Performance - In 2022, the company achieved a net profit of CNY 418,824,886.08, with a total distributable profit of CNY 2,688,113,124.24 after accounting for previous distributions[6]. - The company's operating revenue for 2022 was CNY 4,913,578,828.66, representing a 62.27% increase compared to CNY 3,028,060,341.51 in 2021[24]. - Basic earnings per share for 2022 were CNY 1.0206, a significant recovery from a loss of CNY 0.0783 in 2021[25]. - The company's total assets at the end of 2022 were CNY 7,047,755,800.94, reflecting a 2.14% increase from CNY 6,900,043,698.20 in 2021[24]. - The weighted average return on equity for 2022 was 10.63%, a notable improvement from -0.91% in the previous year[26]. - The net profit attributable to shareholders for the year was RMB 420.1 million, with quarterly profits of RMB 97.70 million, RMB 61.67 million, RMB 32.42 million, and RMB 228.31 million[28]. - The company reported a total cost of CNY 4.07 billion, which is a 48.57% increase from the previous year's CNY 2.74 billion[55]. Cash Flow and Dividends - The company plans to distribute a cash dividend of CNY 3.02 per 10 shares, totaling CNY 126,343,452.20[6]. - The net cash flow from operating activities for 2022 was CNY 527,865,094.83, up 184.58% from CNY 185,491,200.22 in 2021[24]. - The net cash flow from operating activities increased to ¥527.87 million in 2022, up from ¥185.49 million in 2021, a growth of 187.5%[65]. - The net cash flow from investing activities improved significantly, with a reduction in outflow to -¥401.19 million in 2022 from -¥1.18 billion in 2021, a decrease of 65.9%[65]. - The net cash flow from financing activities decreased to -¥126.06 million in 2022, compared to an inflow of ¥195.12 million in 2021, a change of 164.6%[65]. Production and Sales - TDI production reached 168,269.29 tons, a 25.85% increase year-over-year, with sales of 169,805.63 tons, up 17.94%[44]. - The company produced 520,768.19 tons of ion membrane caustic soda, a 7.47% increase, but sales decreased by 12.19% to 345,196.75 tons[44]. - PC product production surged to 94,017.27 tons, a 146.79% increase, while sales rose by 178.23% to 89,732.59 tons[45]. - The company’s TDI product line generated a revenue of 2,722,544,917.60 RMB, with a gross margin of 14.36%[51]. - The ion membrane caustic soda segment achieved a gross margin of 52.81% with a revenue of 347,191,912.54 RMB[51]. Research and Development - The company invested significantly in R&D, with expenses increasing by 264.75% to 81,837,047.51 RMB[47]. - The total R&D expenditure for the year was CNY 81.84 million, representing 1.67% of total revenue, with a significant increase of CNY 59.40 million compared to the previous year[62][60]. - The company is in the process of establishing a national-level isocyanate innovation platform, enhancing its R&D capabilities[80]. Market and Competitive Position - The company aims to maximize profits by reducing sales expenses and focusing on high-margin regional sales, adhering to a customer-centric approach[35]. - The domestic TDI product market saw a significant price increase, with overall prices at a relatively high level due to supply constraints and increased demand[34]. - The company is actively expanding its market presence by developing small and medium-sized customers and diversifying its product offerings to meet specific market demands[36]. - The company plans to enhance its product quality and optimize production processes to maintain competitiveness in the TDI and PC markets[39]. Environmental and Social Responsibility - The company is committed to environmental protection, ensuring that all pollutants meet government standards, and plans to invest further in environmental facilities and monitoring systems[108]. - The company has invested a total of 60.82 million yuan in poverty alleviation and rural revitalization projects, specifically supporting educational initiatives for children in assisted areas[172]. - The company has established a carbon peak and carbon neutrality leadership group to oversee energy-saving and low-carbon management efforts[170]. Governance and Compliance - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and maintains transparency in its operations[110]. - The board of directors operates in accordance with the company's articles of association, ensuring fair and reasonable related party transactions without harming minority shareholders' interests[111]. - The company has established a robust internal control system to ensure compliance and effective governance practices[111]. - The company is committed to timely information disclosure regarding its subsidiaries' financial status and operations[153]. Related Party Transactions - The company has committed to reducing related party transactions and ensuring fair pricing in its dealings with related parties[176]. - The total planned amount for related party procurement in 2022 was CNY 650,000, while the actual amount was CNY 1,740,300, representing a significant increase of 168.9%[193]. - The total planned amount for related party sales in 2022 was CNY 22,600,100, with actual sales reaching CNY 53,757,000, indicating an increase of 137.5%[193].

2022 年第三季度报告 证券代码：600230 证券简称：沧州大化 沧州大化股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 1,234,510,628.86 | 138.74 | 3,464,644,875.85 | 101.36 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately CNY 2.23 billion, representing an increase of 85.30% compared to the same period last year[15]. - The net profit attributable to shareholders for the first half of 2022 was approximately CNY 159.36 million, a decrease of 8.90% year-on-year[15]. - The net cash flow from operating activities was approximately CNY 202.11 million, down 10.32% from the previous year[15]. - The total assets at the end of the reporting period were approximately CNY 7.33 billion, an increase of 2.54% compared to the end of the previous year[15]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 3.95 billion, up 4.35% from the previous year[15]. - The basic earnings per share for the first half of 2022 were CNY 0.3807, a decrease of 8.9% compared to the same period last year[16]. - The weighted average return on net assets was 4.12%, a decrease of 0.66 percentage points year-on-year[16]. - Operating costs rose to ¥1,883,588,000.29, reflecting a 102.60% increase from ¥929,727,150.05 year-on-year, primarily due to the introduction of new PC products[33]. - Research and development expenses surged by 188.77% to ¥33,019,298.61, up from ¥11,434,492.92, indicating a significant increase in investment in R&D[33]. Market and Product Insights - The TDI product market is primarily focused on soft foam, which accounts for approximately 73% of consumption, with significant applications in furniture, construction, and transportation[18]. - The company operates a dual sales model for TDI products, utilizing both direct users and distributors[18]. - As of 2022, China's TDI production capacity was approximately 1.36 million tons, with the company being one of eight domestic producers[18]. - TDI market price increased from CNY 15,600/ton at the beginning of 2022 to CNY 19,500/ton, then dropped to approximately CNY 16,300/ton by the end of May due to reduced demand[19]. - The domestic PC production increased by over 40% in the first half of 2022 compared to the same period last year, driven by new installations and the restart of some facilities[23]. - The company has a TDI production capacity of 150,000 tons and PC production capacity of 100,000 tons, which provides a competitive scale advantage in the industry[24]. - The overall TDI market remains in a state of oversupply, influenced by factory inventory levels and downstream customer demand[20]. Environmental Responsibility - The company emphasizes environmental protection, actively promoting clean production and ensuring that pollutants are treated comprehensively, with stable compliance in emissions[53]. - The company has committed to increasing investments in environmental protection to comply with stricter regulations and improve its waste management systems[43]. - The company has implemented a comprehensive environmental monitoring system, ensuring all emissions are within the required standards[57]. - The company has engaged third-party monitoring for both wastewater and waste gas emissions to ensure compliance with environmental regulations[62]. - The company has a comprehensive emergency response plan for environmental incidents, filed with the local environmental protection bureau[64]. - The company achieved compliance in all monitored emissions, including volatile organic compounds, with values significantly below the regulatory limits[57]. Corporate Governance and Management - There were significant changes in management, including the resignation of several key personnel due to retirement and job changes[47]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[49]. - The annual shareholders' meeting on June 28, 2022, had 14 representatives present, holding 191,421,744 voting shares, which accounted for 45.73% of the total voting shares[46]. - The company has not disclosed any new employee stock ownership plans or other incentive measures in the recent announcements[52]. - The company has completed the repurchase and cancellation of restricted stocks for three individuals, which will increase the earnings per share and net assets per share[92]. Financial Position and Liabilities - The company's total liabilities as of June 30, 2022, were RMB 3,068,441,975.03, slightly up from RMB 3,052,501,036.33, indicating a marginal increase of about 0.52%[107]. - Short-term borrowings increased significantly to ¥400,000,000.00, a rise of 1,232.81% from ¥30,011,763.90, as the company replaced high-interest long-term loans with low-interest short-term loans[37]. - The total liabilities to equity ratio stood at approximately 0.72, indicating a balanced leverage position[107]. - The company has a loan limit of CNY 500 million from a related party, with an interest rate of 3.50%, and the current balance of the loan is CNY 400 million[87]. Future Outlook and Strategic Initiatives - The company has set a future outlook focusing on market expansion and new product development, although specific figures were not disclosed[133]. - The company plans to enhance its research and development efforts, particularly in new technologies, to drive future growth[133]. - The company is considering strategic acquisitions to bolster its market position and expand its operational capabilities[133]. - The company is focused on enhancing shareholder value through strategic investments and operational efficiencies[139].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 959,637,248.22, representing a year-on-year increase of 64.09%[6] - The net profit attributable to shareholders of the listed company was CNY 97,696,282.86, an increase of 8.64% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 97,314,719.26, reflecting a 20.56% increase year-on-year[6] - The basic earnings per share for the period was CNY 0.2334, up by 8.66% from the previous year[6] - Total operating revenue for Q1 2022 reached ¥959,637,248.22, a significant increase of 64.1% compared to ¥584,812,397.83 in Q1 2021[18] - Net profit for Q1 2022 was ¥98,288,006.81, representing a 19.6% increase from ¥82,169,705.26 in Q1 2021[19] - In Q1 2022, the company reported a total comprehensive income of CNY 98,288,006.81, an increase from CNY 82,169,705.26 in Q1 2021, representing a growth of approximately 19.6%[20] - The basic and diluted earnings per share for Q1 2022 were CNY 0.2334, compared to CNY 0.2183 in Q1 2021, reflecting an increase of about 6.1%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -36,748,954.98, a decrease of 143.16% compared to the previous year[6] - Cash inflows from operating activities totaled CNY 809,699,005.37 in Q1 2022, up from CNY 510,149,754.69 in Q1 2021, marking a growth of approximately 58.7%[22] - The net cash flow from operating activities was negative at CNY -36,748,954.98 in Q1 2022, a significant decline from CNY 85,155,555.17 in Q1 2021[22] - The total cash outflow for operating activities was CNY 846,447,960.35 in Q1 2022, compared to CNY 424,994,199.52 in Q1 2021, representing an increase of approximately 99.0%[22] - The ending balance of cash and cash equivalents was CNY 185,936,378.05 in Q1 2022, down from CNY 816,142,371.70 in Q1 2021, indicating a decrease of approximately 77.2%[23] - The company received tax refunds amounting to CNY 15,548,696.37 in Q1 2022, compared to CNY 21,354,938.14 in Q1 2021, showing a decrease of about 27.3%[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,473,772,406.51, an increase of 4.49% from the end of the previous year[7] - Current assets totaled ¥1,762,769,376.75, up 17.4% from ¥1,501,795,189.85 at the end of 2021[15] - The company's total assets as of March 31, 2022, amounted to ¥7,473,772,406.51, an increase from ¥7,152,581,169.61 at the end of 2021[16] - Total liabilities reached ¥3,272,665,104.51, up from ¥3,052,501,036.33, indicating a growth of 7.2%[17] - The company's equity attributable to shareholders increased to ¥3,886,200,048.51 from ¥3,785,909,134.06, a growth of 2.7%[17] Operating Costs and Inventory - Operating costs for Q1 2022 were ¥844,696,895.53, up 70.1% from ¥496,312,185.42 in Q1 2021, with the cost of goods sold rising to ¥778,374,341.71 from ¥454,949,875.33[19] - The increase in operating revenue was primarily driven by higher TDI prices compared to the same period last year[8] - The increase in net profit was attributed to higher TDI prices and gross margins compared to the previous year[8] - The company reported an increase in finished goods inventory, contributing to the negative cash flow from operating activities[8] Research and Development - Research and development expenses for Q1 2022 were ¥13,123,955.40, compared to ¥5,836,874.95 in Q1 2021, reflecting an increase of 125.0%[19] Financing Activities - Cash inflows from financing activities were CNY 530,000,000.00 in Q1 2022, a substantial increase from CNY 138,500,000.00 in Q1 2021, representing a growth of approximately 283.5%[23] - The net cash flow from financing activities was CNY 183,943,011.07 in Q1 2022, compared to CNY 113,617,985.25 in Q1 2021, reflecting an increase of about 62.0%[23] - Short-term borrowings increased significantly to ¥200,000,000.00 from ¥30,011,763.90, marking a rise of 566.6%[16]

Financial Performance - In 2021, the company achieved a revenue of CNY 2,387,383,464.78, representing a 44.40% increase compared to CNY 1,653,264,775.04 in 2020[23]. - The net profit attributable to shareholders reached CNY 220,280,988.32, a significant increase of 496.39% from CNY 36,935,813.37 in the previous year[23]. - The basic earnings per share rose to CNY 0.5347, up 496.10% from CNY 0.0897 in 2020[24]. - The total assets of the company at the end of 2021 were CNY 7,152,581,169.61, reflecting a 12.24% increase from CNY 6,372,663,011.19 in 2020[23]. - The net cash flow from operating activities increased by 120.58% to CNY 376,994,279.07 from CNY 170,911,381.59 in 2020[23]. - The weighted average return on equity improved to 5.99%, an increase of 4.96 percentage points from 1.03% in 2020[24]. - The company reported a net asset attributable to shareholders of CNY 3,785,909,134.06, a 5.95% increase from CNY 3,573,386,052.07 in 2020[23]. - The company reported a net profit of CNY 239,477,135.86 for the fiscal year 2021, with distributable profits for all shareholders amounting to CNY 2,546,923,810.41[134]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.6 per 10 shares, totaling CNY 25,115,778.12[6]. - The proposed cash dividend for 2021 is CNY 0.6 per 10 shares, totaling CNY 25,115,778.12, with no stock bonus or capital reserve conversion planned[134]. - The company implemented a cash dividend policy, distributing 0.15 CNY per share, totaling 6,177,952.53 CNY for the 2020 fiscal year[132]. - The company’s profit distribution plan emphasizes cash dividends to ensure stable returns for shareholders[131]. Production and Sales - TDI production reached 133,705.46 tons, a year-on-year increase of 1.83%, while sales increased by 17.76% to 143,974.71 tons[47]. - The company’s TDI product accounted for approximately 10% of the domestic total production, with a production capacity of 15,000 tons[44][47]. - The production capacity for caustic soda (liquid) is 160,000 tons, primarily serving customers in Hebei and Shandong provinces[40]. - The company’s PC production capacity is 100,000 tons, representing 4% of the domestic total capacity, with successful production of copolymer silicon PC[42]. - The company’s total production of caustic soda decreased by 3.23% to 484,573.61 tons, with sales down by 12.75% to 393,102.36 tons[47]. Market Trends and Pricing - The average market price for TDI peaked at CNY 18,000 per ton in March 2021 but fell to CNY 13,000 per ton by June due to increased domestic supply and reduced export demand[34]. - The price of caustic soda reached a historical high of CNY 1,850 per ton in September 2021, driven by supply constraints from environmental regulations[37]. - The PC market experienced significant fluctuations, with prices reaching CNY 27,000 per ton in Q3 before declining to CNY 21,000 per ton in Q4 due to increased domestic production and low-priced imports[38]. - Domestic TDI supply capacity significantly exceeds market demand, leading to a pronounced supply-demand imbalance with no short-term improvement expected[103]. Research and Development - The company’s R&D expenses increased by 11.97% to CNY 22,436,629.18, reflecting a commitment to innovation[49]. - The number of R&D personnel is 123, accounting for 10.49% of the total workforce[62]. - The company has successfully developed a new silicone copolymer PC product, becoming the first in China to achieve continuous production of this type[87]. - The company has signed cooperation agreements with well-known universities to enhance research capabilities and technology transfer[78]. Environmental Compliance - The company has implemented continuous monitoring and compliance checks for all major pollutants, ensuring adherence to environmental standards[146]. - The company reported a chemical oxygen demand of 37 mg/L in wastewater, which is well within the standard limit of 150 mg/L[148]. - The ammonia nitrogen level in wastewater was recorded at 7.98 mg/L, below the standard limit of 25 mg/L, confirming compliance[148]. - The company successfully maintained sulfur dioxide emissions at 16 mg/m³, below the standard limit of 200 mg/m³[149]. - The company reduced carbon dioxide emissions by 17,700 tons in 2021 through various energy-saving and carbon reduction projects[161]. Corporate Governance and Shareholder Structure - The company held eight board meetings in 2021, with all directors attending the meetings in person[119]. - The company has a strong leadership team with extensive experience in the chemical industry, which is expected to drive future growth[111]. - The total number of shares held by the general manager, Du Senyao, is 0, with a reported compensation of 23.5 million yuan[109]. - The controlling shareholder, Cangzhou Dahua Group, holds 190.4674 million shares, representing 45.50% ownership, a decrease of 0.75% post-registration[191]. - The total number of ordinary shareholders reached 41,718 by the end of the reporting period[196]. Related Party Transactions - The company guarantees that all existing and future related party transactions with Cangzhou Dahua will be fair and conducted according to normal commercial practices[171]. - The company has made long-term commitments to resolve related party transactions and competition issues with Cangzhou Dahua Group[165]. - The total planned amount for related party transactions in 2021 was 28.62 million RMB, while the actual amount was 20.48 million RMB, representing a 28.5% decrease[181]. Risk Management - The company has outlined potential risks in its future development in the management discussion and analysis section[9]. - The company will closely monitor domestic and international product price trends to mitigate the impact of price fluctuations on operations[103]. - The company plans to enhance its production and cost management through technological and managerial innovations to stabilize production[103].

Financial Performance - The company's operating revenue for Q3 2021 was ¥517,095,837.17, representing a 3.83% increase compared to the same period last year[6]. - Net profit attributable to shareholders for the same period was ¥19,665,587.81, with a year-to-date net profit of ¥194,590,808.77, reflecting a 59.14% increase year-to-date[6]. - The basic and diluted earnings per share for Q3 2021 were both ¥0.0470, with year-to-date earnings per share of ¥0.4649[7]. - Total operating revenue for the first three quarters of 2021 reached ¥1,720,608,020.19, a significant increase of 59.4% compared to ¥1,081,186,349.33 in the same period of 2020[19]. - Net profit for the third quarter of 2021 was ¥176,788,135.51, a turnaround from a net loss of ¥184,010,034.05 in the same quarter of 2020[21]. - The company reported a total profit of ¥203,215,568.24 for the third quarter of 2021, compared to a total loss of ¥184,010,034.05 in the same quarter of 2020[20]. - The company’s total comprehensive income for the third quarter of 2021 was ¥176,788,135.51, recovering from a comprehensive loss of ¥184,010,034.05 in the same quarter of 2020[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,786,622,305.97, a 6.50% increase from the end of the previous year[7]. - The company's current assets totaled RMB 1,387,704,456.17, down from RMB 1,999,980,711.27 at the end of 2020, indicating a decrease of about 30.6%[16]. - Total liabilities increased to RMB 2,704,376,222.97 from RMB 2,461,330,041.27, marking an increase of around 9.9%[18]. - The company's equity attributable to shareholders rose to RMB 3,764,299,661.84 from RMB 3,573,386,052.07, reflecting an increase of about 5.3%[18]. - The company reported a short-term loan of RMB 50,000,000.00, up from RMB 30,034,680.56 in the previous year, indicating a rise of approximately 66.5%[17]. - Accounts payable decreased to RMB 502,048,989.02 from RMB 571,772,943.18, showing a reduction of about 12.2%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥295,146,193.07[7]. - Cash flow from operating activities for the first three quarters of 2021 was ¥295,146,193.07, recovering from a negative cash flow of ¥35,320,913.05 in the same period of 2020[22]. - Cash inflows from operating activities totaled ¥1,488,145,570.43 in the first three quarters of 2021, compared to ¥988,908,895.18 in the same period of 2020[22]. - Cash inflow from investment activities totaled approximately $231.81 million, primarily from cash recovered from investments[23]. - Cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets amounted to approximately $1.17 billion[23]. - Net cash flow from investment activities was negative at approximately -$1.17 billion[23]. - Cash inflow from financing activities was approximately $226.61 million, including $188.5 million from borrowings[23]. - Net cash flow from financing activities was positive at approximately $156.39 million[23]. - The net decrease in cash and cash equivalents for the period was approximately -$716.39 million[23]. - The ending balance of cash and cash equivalents was approximately $283.66 million[23]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,335[12]. - The largest shareholder, Cangzhou Dahua Group Co., Ltd., held 45.50% of the shares, totaling 190,467,424 shares[12]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥16,958,549.58, an increase from ¥14,264,270.23 in the previous year[20]. Other Financial Metrics - The weighted average return on equity increased to 0.52%, up by 0.70 percentage points from the previous year[7]. - The company reported non-recurring gains of ¥791,507.32 for the current period, with year-to-date non-recurring gains totaling ¥11,076,025.73[9]. - The company's inventory stood at RMB 190,152,305.75, slightly up from RMB 183,340,527.57, indicating a growth of approximately 3.5%[16]. - The company’s long-term borrowings were RMB 1,182,518,603.80, a slight increase from RMB 1,174,835,970.43, reflecting a growth of about 0.7%[18]. - The company’s retained earnings increased to RMB 2,551,945,644.96 from RMB 2,363,633,784.30, representing an increase of approximately 8%[18]. - Total operating costs for the first three quarters of 2021 were ¥1,530,510,372.74, up 20.6% from ¥1,269,428,459.87 in the previous year[20]. - Sales expenses increased significantly to ¥13,754,238.87 in the third quarter of 2021, compared to ¥3,552,092.83 in the same quarter of 2020[20].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,203,512,183.02, representing a 106.37% increase compared to CNY 583,170,156.43 in the same period last year[19]. - The net profit attributable to shareholders was CNY 174,925,220.96, a significant recovery from a loss of CNY 164,686,203.51 in the previous year[19]. - The net cash flow from operating activities was CNY 225,380,492.07, compared to a negative cash flow of CNY -159,254,964.45 in the same period last year[19]. - The basic earnings per share for the first half of 2021 was CNY 0.4179, a recovery from a loss of CNY -0.3999 in the same period last year[20]. - The weighted average return on net assets increased by 9.54 percentage points to 4.78% compared to -4.76% in the previous year[20]. - The company's revenue for the first half of 2021 was approximately CNY 1.20 billion, a 106.37% increase compared to CNY 583.17 million in the same period last year[33]. - The company's net profit for the first half of 2021 was ¥162,906,794.58, a turnaround from a net loss of ¥172,468,378.19 in the same period of 2020[119]. - The total comprehensive income for the first half of 2021 was ¥187,651,221.51, a significant recovery from a total comprehensive loss of ¥156,686,830.70 in the first half of 2020[123]. Market and Sales Performance - The average price of TDI products increased from CNY 12,300 per ton at the beginning of 2021 to CNY 18,000 per ton, before declining to CNY 13,000 per ton by the end of June[25]. - The domestic TDI market experienced a prolonged decline from mid-March to June, influenced by supply exceeding demand[25]. - The company operates a dual sales model for TDI products, utilizing both direct sales to end-users and distribution through dealers[24]. - The company's liquid caustic soda (NaOH) product sales reached 193,700 tons in the first half of 2021, with a market share increase of 13% in the Beijing-Tianjin-Hebei and surrounding regions, achieving a market share of 68%[31]. - The operating costs increased by 36.20% to CNY 929.73 million, primarily due to higher TDI sales volume compared to the previous year[33]. - The company implemented a sales strategy focusing on high-profit regions and increased the proportion of bulk water sales, which contributed to maximizing profits[31]. Assets and Liabilities - The company's total assets increased by 8.08% to CNY 6,887,553,303.93 from CNY 6,372,663,011.19 at the end of the previous year[19]. - The company reported a total net assets of CNY 3,740,600,077.94, reflecting a 4.68% increase from CNY 3,573,386,052.07 at the end of the previous year[19]. - The company's long-term borrowings increased by 3.21% to ¥1.21 billion, reflecting ongoing financing activities[37]. - The company's total liabilities reached CNY 2,823,222,557.94 as of June 30, 2021, up from CNY 2,461,330,041.27 at the end of 2020, marking an increase of around 14.7%[112]. - The company's equity increased to CNY 4,064,330,745.99 as of June 30, 2021, compared to CNY 3,911,332,969.92 at the end of 2020, representing a growth of approximately 3.9%[112]. Environmental and Sustainability Efforts - The company plans to enhance its environmental protection measures in response to stricter regulations, indicating a commitment to sustainability[43]. - The company’s main wastewater pollutants include chemical oxygen demand and ammonia nitrogen, with a total of one wastewater discharge outlet[52]. - In the first half of 2021, the company’s emissions of nitrogen oxides and other pollutants were within the national standards[53]. - The company has established an online monitoring system for real-time tracking of pollutants, ensuring compliance with discharge standards[62]. - The company implemented a project to reduce carbon emissions, expecting to decrease CO2 emissions by 9,954 tons for the entire year[66]. - The company has committed to environmental protection and adheres to national environmental laws and standards[63]. Research and Development - Research and development expenses rose by 31.93% to CNY 11.43 million, reflecting the company's commitment to enhancing its product offerings[34]. - Research and development expenses for the first half of 2021 totaled ¥11,434,492.92, an increase from ¥8,667,311.66 in the same period of 2020, reflecting a growth of approximately 32.3%[118]. Related Party Transactions - The total planned amount for related party transactions in 2021 is CNY 28.62 million, with actual transactions from January to June amounting to CNY 10.50 million, which is within the expected amount[81]. - The company has committed to reducing related party transactions with Cangzhou Dahua and ensuring they are conducted at fair market prices[71]. - The planned total amount for related party procurement in 2021 is CNY 0.4 million, with actual procurement amounting to CNY 0.3 million[81]. - The planned total amount for related party sales in 2021 is CNY 16.29 million, with actual sales amounting to CNY 6.34 million[81]. Shareholder Information - The controlling shareholder, Cangzhou Dahua Group, holds 190,467,424 shares, representing 45.50% of the total shares, a decrease of 0.75%[90]. - The total number of ordinary shareholders as of the end of the reporting period is 36,104[95]. - The company has a total of 154 incentive recipients for the restricted stock grants, including directors and key employees[90]. - The first unlock period for the granted restricted stock is set at 24 months, with 33% unlocking at the end of the second year and another 33% at the end of the third year[94]. Financial Reporting and Compliance - The financial statements are prepared based on the assumption of continuous operation, in compliance with the accounting standards for enterprises[148]. - The company’s accounting policies and estimates comply with the requirements of enterprise accounting standards[148]. - The company evaluates the fair value of identifiable net assets acquired in business combinations under common control and non-common control[156]. - The company has not changed its scope of consolidation compared to the previous year[145].