Financial Performance - The company's operating revenue for Q3 2021 was ¥2,487,092,642.77, an increase of 76.91% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥495,336,440.99, reflecting a growth of 67.11% year-over-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥499,298,068.90, up 68.38% from the previous year[7]. - Basic earnings per share for the quarter were ¥0.3533, an increase of 65.87% compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2021 reached ¥5,854,680,722.52, a significant increase from ¥3,918,334,296.51 in the same period of 2020, representing a growth of approximately 49.4%[29]. - Net profit for the first three quarters of 2021 was ¥1,207,935,907.78, up from ¥853,310,981.61 in 2020, reflecting a growth of approximately 41.5%[32]. - The total comprehensive income for the period attributable to the parent company's owners was CNY 1,207,605,625.41, compared to CNY 851,140,023.79 in the same period last year, representing a significant increase[35]. - The company reported basic and diluted earnings per share of CNY 0.8644, up from CNY 0.6115 in the same period last year, reflecting a growth of approximately 41.3%[35]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,029,248,042.07, representing an increase of 11.33% from the end of the previous year[9]. - The total liabilities of the company were RMB 3.18 billion, compared to RMB 2.61 billion at the end of 2020, marking an increase of about 21.7%[20]. - The total liabilities as of the end of the reporting period amounted to ¥2,605,146,527.85, compared to ¥2,131,147,261.39 in the previous year, an increase of approximately 22.2%[28]. - The total equity attributable to shareholders reached ¥8,406,279,860.27, up from ¥7,757,600,147.15, indicating a growth of about 8.3%[28]. - The company's fixed assets increased to RMB 5.77 billion from RMB 4.18 billion, representing a growth of approximately 37.9%[24]. - The company's goodwill remained stable at RMB 485.71 million, indicating no change from the previous period[24]. Cash Flow - The company reported a net cash flow from operating activities of ¥914,238,703.03, which decreased by 13.90% compared to the previous year[9]. - The net cash flow from operating activities was CNY 914,238,703.03, down from CNY 1,061,785,650.98 in the previous year[38]. - Cash inflow from operating activities totaled CNY 4,060,191,852.28, compared to CNY 3,003,727,776.99 in the same period last year, indicating a growth of approximately 35%[38]. - The net cash flow from investing activities was -CNY 167,086,316.27, an improvement from -CNY 386,423,064.77 in the previous year[40]. - The net cash flow from financing activities was -CNY 591,147,116.39, compared to -CNY 446,689,311.18 in the same period last year, indicating increased cash outflows[40]. - The total cash and cash equivalents at the end of the period were CNY 1,104,751,989.92, compared to CNY 889,656,932.50 at the end of the same period last year, showing an increase of about 24.2%[40]. Operational Strategy - The increase in revenue was primarily driven by higher sales prices of chlor-alkali and fatty alcohol products, as well as the production launch of dichloroethane and vinyl chloride (VCM) projects[10]. - The company plans to continue expanding its production capacity and enhancing profitability through new product launches and market recovery in the chlor-alkali sector[12]. - The company plans to continue its market expansion and product development strategies, focusing on enhancing operational efficiency and profitability[17]. - The company reported a decrease in tax expenses to ¥11,323,292.19 from ¥21,742,205.12, a reduction of approximately 47.9%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 42,265, with the largest shareholder holding 31.23% of the shares[13]. - The company repurchased a total of 40,785,336 shares, with 12,730,543 shares completed for capital reduction and 18,054,793 shares allocated for the employee stock ownership plan[19]. - The balance of the 19 Jia EB02 bond is RMB 45 million, which can be converted into approximately 4.16 million shares at a conversion price of RMB 10.82 per share[19].

Financial Performance - The company reported a cash dividend of 2.5 yuan per 10 shares (including tax) for the first half of 2021[4]. - The financial report for the first half of 2021 has not been audited[4]. - The total revenue for the first half of 2021 was not disclosed in the provided content, but the company emphasizes the accuracy and completeness of its financial reporting[4]. - The company's operating revenue for the first half of 2021 was CNY 3,367,588,079.75, representing a 34.04% increase compared to CNY 2,512,452,265.67 in the same period last year[22]. - The net profit attributable to shareholders for the same period was CNY 712,636,904.71, up 28.47% from CNY 554,723,684.31 year-on-year[22]. - The net cash flow from operating activities decreased by 70.31%, amounting to CNY 200,463,099.00 compared to CNY 675,220,953.87 in the previous year[22]. - The net assets attributable to shareholders rose by 6.41% to CNY 8,255,215,403.20 from CNY 7,757,600,147.15[22]. - Basic earnings per share for the first half of 2021 were CNY 0.5107, reflecting a 28.16% increase from CNY 0.3985 in the same period last year[23]. - In the first half of 2021, the company achieved total revenue of 3.368 billion yuan, a year-on-year increase of 34.04%[63]. - The net profit attributable to shareholders was 713 million yuan, up 28.47% compared to the same period last year[63]. Risk Management - The company confirmed no significant risk events occurred during the reporting period[4]. - The company has outlined potential risks in the management discussion section of the report[4]. - The report includes a forward-looking statement risk declaration, indicating uncertainties in future plans and strategies[4]. - The company faces potential risks from fluctuations in raw material prices and exchange rates, which could impact operational performance[109]. Corporate Governance - The board of directors and senior management have confirmed the authenticity and completeness of the semi-annual report[4]. - The company has not violated decision-making procedures for providing guarantees[4]. - There are no significant changes in shareholder structure reported during the period[4]. - The company has made provisions for future related party transactions for the year 2021, ensuring ongoing operational stability[115]. - The company has proposed to provide guarantees for its wholly-owned and controlling subsidiaries as part of its ongoing financial strategy[115]. Environmental Management - The company is committed to enhancing its environmental management system and reducing emissions through advanced production technologies[59]. - The company is actively managing environmental risks by implementing measures to control waste emissions, ensuring compliance with national standards[103]. - The company has established an ISO 14001 environmental management system and has obtained environmental pollution liability insurance for the year 2021[160]. - The company has implemented a "Leak Detection and Repair" (LDAR) system and has passed the fourth round of clean production audit acceptance[160]. - The company has reported no administrative penalties due to environmental issues during the reporting period[164]. Research and Development - The company has applied for 99 patents, with 56 granted, including 15 invention patents, ensuring a technological advantage in core industries[57]. - The company has established a key technology innovation team and several provincial-level innovation platforms to enhance its R&D capabilities[58]. - The company implemented 41 R&D projects in the first half of 2021, focusing on energy conservation, emission reduction, and new product development[71]. Market Position and Strategy - The company is a core enterprise in the China Chemical New Materials (Jiaxing) Park, focusing on a circular economy model that integrates upstream and downstream industries[27]. - The company is positioned to benefit from favorable policies in the natural fatty alcohol industry, which is experiencing significant growth[32]. - The market demand for fatty alcohols is steadily increasing, with a significant growth trend in the production of cationic surfactants, widely used in disinfectants and softeners[36]. - The company’s logistics advantages in the Yangtze River Delta region enhance its competitive position in the fatty alcohol market, allowing for efficient distribution to downstream industries[37]. - The company is focusing on expanding its solar photovoltaic power station investments, with multiple subsidiaries reporting positive earnings and operational growth in this sector[94]. Safety Management - The company’s safety management system has been enhanced, with all employees signing safety responsibility agreements for 2021[72]. - The company has established emergency response plans for sudden environmental incidents, registered with the Jiaxing Ecological Environment Bureau in May 2020[171]. Investment and Expansion - The company plans to invest ¥1,000,000,000 to establish wholly-owned subsidiaries to enhance supply chain capabilities[88]. - The company has increased its short-term borrowings by 47.05% to ¥660,789,875.02 from ¥449,378,332.02, indicating a strategy to support operational liquidity[85]. - The company is actively preparing for the formal production of the Zhangjiagang hydrogen refueling station, which is a key project in the local hydrogen energy industry[77]. Compliance and Standards - The company is classified as a key pollutant discharge unit in Jiaxing City, with specific monitoring of COD and ammonia nitrogen emissions[126]. - The company executed pollution discharge standards as per DB33/2147—2018, ensuring adherence to environmental regulations[130]. - The company has established a research institute for circular economy innovation, focusing on key common technology exploration and R&D[71].

证券代码：600273 股票简称：嘉化能源 编号：2021-039 浙江嘉化能源化工股份有限公司 关于参加浙江辖区上市公司投资者网上 集体接待日活动的公告 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： 活动内容：浙江辖区上市公司投资者网上集体接待日活动 活动时间：2021 年 5 月 13 日（星期四）下午 15:00-17:00 活动地点：全景网(http://rs.p5w.net） 参与方式：网络平台在线交流 一、活动类型 为了进一步加强与投资者特别是中小投资者的沟通交流，增强公司透明度，提 升公司治理水平，促进公司规范运作，浙江嘉化能源化工股份有限公司（以下简称 "公司"或"嘉化能源"）将参加由中国证券监督管理委员会浙江监管局指导，浙江 省上市公司协会与深圳市全景网络有限公司（以下简称"全景网"）共同举办的辖区 上市公司投资者网上集体接待日主题活动。届时，公司将就公司治理、发展战略、 经营状况、可持续发展等投资者关心的问题进行沟通。 二、活动时间及参与方式 1、活动时间：2021 年 5 月 13 ...

Financial Performance - Operating revenue for the period was CNY 1,664,276,818.06, representing a 40.80% increase year-on-year[12]. - Net profit attributable to shareholders was CNY 339,708,910.00, up 39.54% from the same period last year[12]. - Basic and diluted earnings per share were both CNY 0.2371, reflecting a 35.56% increase year-on-year[12]. - The company reported a 49.59% increase in operating costs, totaling RMB 1,170,573,548.14 in Q1 2021, attributed to increased sales volume, rising raw material prices, and freight costs included in operating expenses[24]. - Operating profit for Q1 2021 was ¥400,346,858.89, compared to ¥294,166,252.91 in Q1 2020, indicating a growth of 36%[48]. - The net profit for Q1 2021 reached CNY 258,368,888.98, up 37.0% from CNY 188,402,433.17 in Q1 2020[54]. - The total comprehensive income for Q1 2021 was CNY 258,368,888.98, compared to CNY 188,402,433.17 in Q1 2020, indicating a growth of 37.0%[55]. Cash Flow - The net cash flow from operating activities was negative at CNY -174,245,109.66, a decrease of 261.04% compared to the previous year[12]. - Cash inflow from operating activities in Q1 2021 was CNY 971,004,156.86, compared to CNY 932,477,538.10 in Q1 2020, showing an increase of 4.1%[56]. - The total cash outflow from operating activities was 1,162,463,880.18 RMB, compared to 747,015,759.36 RMB in the previous year, indicating an increase of about 55.5%[60]. - Cash and cash equivalents at the end of the period decreased to 278,477,976.73 RMB from 501,172,458.78 RMB year-over-year, reflecting a decline of approximately 44.4%[62]. - The company reported a decrease in financial expenses, with a net financial cost of CNY -2,691,567.34 in Q1 2021, compared to CNY 6,510,044.31 in Q1 2020[53]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 9,951,043,666.91, an increase of 0.44% compared to the end of the previous year[12]. - Current assets totaled ¥2,509,561,334.48 as of March 31, 2021, a decrease of 3.97% from ¥2,613,339,302.28 on December 31, 2020[33]. - Total liabilities amounted to ¥1,825,211,235.07, a decrease from ¥2,131,147,261.39[38]. - Current liabilities decreased to ¥1,747,919,224.97, down 15.91% from ¥2,078,686,820.54[36]. - Shareholders' equity increased to ¥8,125,832,431.84, up from ¥7,775,971,072.55[38]. Shareholder Information - The total number of shareholders at the end of the reporting period was 48,817[15]. - The largest shareholder, Zhejiang Jiahua Group Co., Ltd., held 31.23% of the shares[15]. Government Support and Other Income - Government subsidies recognized in the current period amounted to CNY 1,816,168.30[14]. - The company’s other income increased by 64.87% to RMB 1,830,109.10, primarily due to government subsidies received[24]. Investment and Capital Expenditure - The company plans to increase its overseas wholly-owned subsidiary's capital by USD 18 million to support its import and export trade and foreign investment needs[27]. - The company has established a wholly-owned subsidiary, Zhejiang Jiajia Xincheng New Materials Co., Ltd., with a registered capital of USD 15 million to enhance its import and export trade capabilities[27]. - Cash outflow for purchasing fixed assets and intangible assets was 104,201,836.86 RMB, up from 34,998,781.04 RMB, representing an increase of approximately 197.1%[62].

Financial Performance - The company achieved a total operating revenue of 5.568 billion yuan in 2020, with a net profit attributable to shareholders of 1.304 billion yuan, representing a year-on-year increase of 6.26%[55]. - The company's operating revenue for 2020 was CNY 5,567,617,516.91, an increase of 3.70% compared to CNY 5,369,034,304.23 in 2019[25]. - The net profit attributable to shareholders for 2020 was CNY 1,303,726,787.32, reflecting a growth of 6.26% from CNY 1,226,973,543.86 in 2019[25]. - The net cash flow from operating activities was CNY 1,419,765,298.83, a slight increase of 0.53% compared to CNY 1,412,245,656.12 in 2019[25]. - The total assets at the end of 2020 reached CNY 9,907,118,333.94, marking an increase of 11.43% from CNY 8,890,595,073.64 at the end of 2019[28]. - The net assets attributable to shareholders increased by 11.38% to CNY 7,757,600,147.15 at the end of 2020, up from CNY 6,964,744,453.61 in 2019[28]. - Basic earnings per share for 2020 were CNY 0.91, a 3.41% increase from CNY 0.88 in 2019[29]. - The company reported a total of CNY 1,649,283,220.40 in operating revenue for Q4 2020, contributing significantly to the annual total[30]. - The company achieved a total operating revenue of 5.568 billion RMB in 2020, an increase of 3.70% compared to the previous year[69]. - The net profit attributable to shareholders reached 1.304 billion RMB, up 6.26% year-on-year, while the net profit excluding non-recurring gains and losses was 1.320 billion RMB, an increase of 8.03%[69]. Dividend Distribution - The company plans to distribute a cash dividend of 2.00 CNY per 10 shares (including tax) to all shareholders based on the total share capital as of the dividend record date[7]. - The company will not issue bonus shares or convert capital reserves into share capital in the current profit distribution plan[7]. - The company distributed cash dividends totaling 278,389,041.40 yuan in the third quarter and plans to distribute 280,389,041.40 yuan for the annual dividend, accounting for 42.86% of the net profit attributable to shareholders[54]. - In 2020, the net profit attributable to ordinary shareholders was 1,303,726,787.32 RMB, with a dividend payout ratio of 21.51%[188]. - The cash dividend for the third quarter of 2020 was also set at 2.00 RMB per 10 shares, totaling 278,389,041.40 RMB[188]. Audit and Compliance - The company reported a standard unqualified audit opinion from Lixin Certified Public Accountants[5]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has detailed potential risks in the report, particularly in the section discussing future development strategies[8]. - The company has not engaged in share buybacks during the reporting period[189]. - The company retained the accounting firm Lixin CPA for the 2020 audit, with a fee of ¥1,400,000.00[200]. - Internal control audit was also conducted by Lixin CPA, with a fee of ¥500,000.00[200]. - The audit firm has been engaged for 7 years, indicating a long-term relationship[200]. Research and Development - The company has applied for a total of 91 patents, with 48 patents granted, including 14 invention patents, ensuring a technological advantage in core industries[47]. - The company invested 212.31 million yuan in R&D, implementing 40 research projects, focusing on energy conservation, emission reduction, and new product development[60]. - The company has established three provincial-level innovation platforms, including a provincial enterprise research institute, a provincial R&D center, and a Zhejiang Aromatic Sulfonic Engineering Technology Research Center[47]. - The company has established a key technology innovation team and multiple provincial-level innovation platforms to support ongoing research and development efforts[114]. Market Position and Strategy - The company is engaged in the production and sale of various chemical products, including fatty alcohols and sulfuric acid, and operates in a circular economy model[35]. - The company has established itself as a core enterprise in the China Chemical New Materials (Jiaxing) Park, focusing on efficient energy production through cogeneration[35]. - The company is positioned as the only chlorine-alkali producer in the northern Zhejiang region, benefiting from strong downstream demand in the East China area[109]. - The company is actively involved in the hydrogen energy industry, achieving high-purity hydrogen (5N) standards for its hydrogen products[47]. - The company is focusing on sustainable growth and has initiated the "Jingchu Plan" to recruit graduates from Wuhan, enhancing its talent pool[68]. - The company is advancing the construction of key projects, including the 300,000 tons functional polymer materials project and the 300,000 tons/year dichloroethane and vinyl chloride project, which are expected to be completed in the first half of 2021[67]. Environmental and Sustainability Initiatives - The company is actively pursuing green development initiatives, including the construction of the first hydrogen liquefaction plant in the region, aligning with national policies promoting ecological economic systems[101]. - The company has implemented measures to control emissions and comply with environmental standards, but faces potential increased costs due to stricter environmental regulations[180]. - The company is committed to improving its circular economy model, emphasizing resource and energy utilization across its product lines[168]. Production and Sales - The company’s steam business achieved a sales revenue of 1.304 billion yuan, remaining stable compared to the previous year[58]. - Sales revenue for fatty alcohol (acid) products reached 2.022 billion yuan, an increase of 9.92% year-on-year, driven by stable downstream market demand and effective cost control[58]. - The sulfonated pharmaceutical series products generated sales revenue of 732 million yuan, a decrease of 11.14% year-on-year, due to reduced market demand and sales volume[58]. - Chlor-alkali products reported a sales revenue of 770 million yuan, down 14.24% year-on-year, impacted by delayed resumption of downstream enterprises and decreased consumption in the textile sector[58]. - The company’s liquid chemical terminal, Meifu Terminal, is experiencing steady throughput growth, leveraging its advantageous location and resources[39]. - The company’s cogeneration system significantly reduces production costs by providing self-generated electricity for chlor-alkali production, which is a major cost component[42]. Risks and Challenges - The company is exposed to risks from fluctuations in raw material prices and exchange rates, which could impact operational performance[182]. - The report emphasizes the importance of investment risk awareness due to uncertainties in forward-looking statements[7]. - The company has commitments to avoid competition and conflicts of interest with its controlling shareholders, which have been adhered to since 2013[191].

Financial Performance - Operating income for the first nine months was ¥3,918,334,296.51, a decrease of 3.56% compared to the same period last year[18]. - Net profit attributable to shareholders of the listed company was ¥851,140,017.13, down 9.67% year-on-year[18]. - Basic earnings per share decreased by 8.81% to ¥0.6115 compared to ¥0.6706 in the same period last year[18]. - The weighted average return on equity decreased by 2.5 percentage points to 11.63%[18]. - Total revenue for Q3 2020 reached ¥1,405,882,030.84, an increase of 6.5% compared to ¥1,319,974,282.41 in Q3 2019[50]. - The net profit for Q3 2020 was approximately ¥221.84 million, down 17.43% from ¥268.77 million in Q3 2019[61]. - The total profit for Q3 2020 was approximately ¥261.20 million, a decrease of 17.29% from ¥315.80 million in Q3 2019[61]. - Total comprehensive income for the first three quarters of 2020 was CNY 919,928,967.45, compared to CNY 722,439,693.40 in the same period of 2019, representing a year-over-year increase of approximately 27.3%[63]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,150,331,520.88, an increase of 2.92% compared to the end of the previous year[18]. - Total liabilities decreased to ¥1,542,278,944.71 from ¥1,906,002,387.64, a decline of about 19.09%[44]. - Current assets totaled ¥2,365,919,871.12, down from ¥2,717,618,967.87, indicating a decrease of about 12.92%[39]. - Non-current assets totaled ¥6,111,895,174.95, an increase of 9.0% from ¥5,602,955,891.01 year-over-year[50]. - The company’s total liabilities amounted to approximately $1.58 billion, with non-current liabilities at about $25.47 million[81]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥1,061,785,650.98, down 8.78% year-on-year[18]. - Cash inflow from operating activities for the first three quarters of 2020 was CNY 3,003,727,776.99, down from CNY 3,414,764,625.08 in 2019, indicating a decrease of about 12.0%[66]. - Cash inflow from sales of goods and services for the first three quarters of 2020 was CNY 2,913,972,903.77, down from CNY 3,357,647,709.24 in 2019, representing a decrease of approximately 13.2%[66]. - Net cash flow from financing activities for Q3 2020 was -CNY 446,689,311.18, an improvement from -CNY 770,749,581.42 in Q3 2019, indicating a reduction in cash outflow by about 42.0%[68]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥7,586,677,379.30, reflecting an increase of 8.93% year-on-year[18]. - The total number of shareholders at the end of the reporting period was 30,789, with the largest shareholder holding 31.23% of the shares[22]. - The company’s equity attributable to shareholders reached 6,964,744,453.61 RMB, with total equity at 6,984,592,686.00 RMB[76]. Investments and Projects - The company plans to issue convertible bonds to raise up to RMB 180,000,000.00 to enhance sustainable development capabilities[33]. - The company is investing up to RMB 80,000,000.00 in a new desalination project with a capacity of 1000t/h, expected to be completed by the end of 2021[33]. - The company has completed the permanent replenishment of working capital with RMB 5,267.40 million from surplus funds raised in previous projects[35]. Accounting and Standards - The company reported a 100% reclassification of advance receipts to contract liabilities due to the implementation of new revenue standards[29]. - The company is adapting to new accounting standards, which may impact future financial reporting and performance metrics[85].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[17]. - Net profit attributable to shareholders reached RMB 200 million, up 10% compared to the same period last year[17]. - The gross profit margin improved to 30%, an increase of 5 percentage points year-on-year[17]. - The company's operating revenue for the first half of the year was ¥2,512,452,265.67, a decrease of 8.40% compared to ¥2,742,845,923.27 in the same period last year[22]. - The net profit attributable to shareholders was ¥554,723,684.31, down 14.80% from ¥651,085,777.03 year-on-year[22]. - Basic earnings per share decreased by 13.50% to ¥0.3985 from ¥0.4607 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was 555 million yuan, down 14.80% year-on-year[51]. - The company's earnings per share were 0.3985 yuan, reflecting a decrease of 13.50% year-on-year[51]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2021[17]. - The company has no plans for major acquisitions in the near term but is exploring strategic partnerships to enhance its product offerings[17]. - The company is focusing on expanding its market presence in the hydrogen energy sector, particularly through the establishment and operation of centralized fast charging stations[80]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for sustainable energy[17]. - The company has applied for a total of 76 patents, with 41 granted, including 14 invention patents[44]. - The company has implemented 8 new R&D projects and applied for 18 new patents in the first half of 2020[44]. - The company plans to invest RMB 200 million to establish Zhejiang Jiahua Future Research Institute to enhance technology research and innovation capabilities[71]. - The new research institute will focus on transformative technologies in areas such as new energy, new materials, and health[71]. Environmental and Sustainability Efforts - The company has achieved ultra-low emissions in its operations, aligning with national environmental standards[36]. - The company benefits from a circular economy model, leveraging its cogeneration facilities to reduce overall costs in chlor-alkali production[37]. - The company has established an ISO 14001 environmental management system and has obtained certification[173]. - The company has implemented automatic monitoring for wastewater and air emissions, ensuring compliance with environmental standards[119][124]. - The company is actively engaged in environmental protection efforts as a key pollutant discharge unit, reflecting its commitment to sustainability[118]. Operational Efficiency - The net cash flow from operating activities increased by 15.08% to ¥675,220,953.87 compared to ¥586,741,491.34 in the previous year[22]. - The company's cash and cash equivalents increased by 119.55% to ¥827,551,166.38 from ¥376,922,709.34 year-on-year[68]. - Operating costs decreased by 7.73% to ¥1,638,845,326.71 from ¥1,776,065,012.11 year-on-year[65]. - The company has maintained a stable employee team with no labor disputes reported in the first half of the year[64]. Risk Factors - Risk factors include potential fluctuations in raw material prices and regulatory changes impacting the chemical industry[17]. - The company is facing potential risks related to environmental protection policies, which may require increased financial investment in compliance measures[87]. - The company’s operations are subject to cyclical fluctuations influenced by macroeconomic conditions, with potential risks of entering a cyclical downturn due to rising raw material costs and environmental pressures[90]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 42,412[189]. - Zhejiang Jiahua Group Co., Ltd. held 447,389,604 shares, accounting for 31.23% of total shares, with 18,997,912 shares under lock-up[189]. - The report indicated that there were no changes in the controlling shareholder or actual controller during the reporting period[195]. - The company reported no new strategic investors or general legal entities becoming top ten shareholders due to new share placements[195].

证券代码：600273 股票简称：嘉化能源 编号：2020-038 浙江嘉化能源化工股份有限公司 关于参加浙江辖区上市公司投资者网上 集体接待日活动的公告 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： 活动内容：浙江辖区上市公司投资者网上集体接待日活动 活动时间：2020 年 5 月 15 日（星期五）下午 15:00-17:00 活动地点：全景网(http://rs.p5w.net） 参与方式：网络平台在线交流 一、活动类型 为了进一步加强与投资者特别是中小投资者的沟通交流，增强公司透明度，提 升公司治理水平，促进公司规范运作，浙江嘉化能源化工股份有限公司（以下简称 "公司"或"嘉化能源"）将参加由中国证券监督管理委员会浙江监管局指导，浙江 省上市公司协会与深圳市全景网络有限公司（以下简称"全景网"）共同举办的"凝 心聚力 共克时艰"辖区上市公司投资者网上集体接待日主题活动。届时，公司将就 公司治理、发展战略、经营状况、可持续发展 等投资者关心的问题进行沟通。 二、活动时间及参与方式 1、活动时间：2 ...

Financial Performance - Net profit attributable to shareholders was ¥243,443,249.66, down 28.37% year-on-year[12] - Operating revenue for the period was ¥1,182,027,622.71, representing a decrease of 16.83% compared to the same period last year[12] - Basic and diluted earnings per share were both ¥0.1749, down 26.85% from the previous year[12] - The company reported a net loss of ¥66,891.61 from the disposal of non-current assets[12] - The company reported a significant decrease in other income, which fell by 96.20% to RMB 1,110,004.27, compared to RMB 29,221,496.06 in the previous year, primarily due to the absence of government subsidies[30] - Total operating revenue for Q1 2020 was ¥1,182,027,622.71, a decrease of 16.8% from ¥1,421,296,140.78 in Q1 2019[41] - Net profit for Q1 2020 was ¥244,074,279.78, a decline of 28.3% compared to ¥340,465,663.24 in Q1 2019[47] - The total comprehensive income for Q1 2020 was ¥244,074,276.20, down from ¥340,465,666.92 in Q1 2019[47] Cash Flow - Net cash flow from operating activities was ¥108,202,863.44, a significant decline of 74.59% year-on-year[12] - The cash flow from operating activities was CNY 108,202,863.44, significantly lower than CNY 425,834,798.58 in the first quarter of 2019, a decline of 74.6%[56] - In Q1 2020, the net cash flow from operating activities was ¥29,604,512.34, a significant decrease of 92.3% compared to ¥384,925,706.17 in Q1 2019[60] - The net cash flow from financing activities was ¥83,860,430.26, a turnaround from a negative cash flow of ¥156,805,828.39 in Q1 2019[62] - The cash inflow from operating activities was significantly impacted by a decrease in cash received from sales, which dropped to ¥764,393,346.24 from ¥1,072,419,194.37, a decline of 28.6%[60] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,840,344,657.42, a decrease of 0.57% compared to the end of the previous year[12] - Total liabilities decreased to ¥1,612,372,047.85 from ¥1,906,002,387.64, a decline of about 15.4%[33] - Current liabilities decreased to ¥1,483,213,721.03 from ¥1,790,117,912.70, representing a reduction of about 17.1%[33] - Non-current liabilities increased to ¥129,158,326.82 from ¥115,884,474.94, an increase of approximately 11.0%[33] - Total equity increased to ¥7,227,972,609.57 from ¥6,984,592,686.00, reflecting a growth of about 3.5%[35] - The company reported a total liability of ¥1,397,660,584.89, compared to ¥1,575,935,851.11 in the previous period[41] - The total liabilities amounted to ¥3,000,000,000.00, indicating a stable financial position compared to the previous year[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 43,831[18] - The largest shareholder, Zhejiang Jiahua Group Co., Ltd., held 32.62% of the shares[18] Investment and Expenses - The company’s financial expenses increased significantly, with a reported amount of RMB 5,632,666.52, compared to RMB 115,466.81 in the previous year, indicating a substantial foreign exchange loss[30] - Research and development expenses for Q1 2020 were ¥48,534,535.83, slightly up from ¥48,054,736.14 in Q1 2019[45] - The company reported a decrease in sales expenses to CNY 8,205,289.00 from CNY 14,006,760.62, a reduction of 41.3%[56] Inventory and Receivables - The company’s accounts receivable rose to RMB 468,875,099.87 from RMB 462,117,156.98, indicating a slight increase in credit sales[30] - The company’s inventory decreased to RMB 560,194,528.13 from RMB 670,215,113.59, suggesting improved inventory management[30] - Accounts receivable increased to ¥319,056,811.05 from ¥262,989,236.98, a growth of about 21.2%[35] - Inventory decreased to ¥406,426,752.35 from ¥547,711,241.23, a decline of approximately 26.7%[35] Government Subsidies - The company received government subsidies amounting to ¥1,093,007.82 during the reporting period[15]

Financial Performance - The company reported a standard unqualified audit opinion from its accounting firm, indicating the financial report's accuracy and completeness [5]. - The company has committed to ensuring the accuracy and completeness of the financial report, as stated by its management [5]. - The company's operating revenue for 2019 was approximately CNY 5.37 billion, a decrease of 4.19% compared to 2018 [23]. - Net profit attributable to shareholders of the listed company reached approximately CNY 1.23 billion, an increase of 11.52% year-on-year [23]. - The net cash flow from operating activities was approximately CNY 1.41 billion, representing a significant increase of 90.56% compared to the previous year [26]. - Basic earnings per share for 2019 was CNY 0.88, reflecting a growth of 17.33% from 2018 [27]. - The total assets at the end of 2019 amounted to approximately CNY 8.89 billion, an increase of 9.09% from the previous year [26]. - The company's net assets attributable to shareholders reached approximately CNY 6.96 billion, up by 6.48% year-on-year [26]. - The company reported a quarterly operating revenue of approximately CNY 1.42 billion in Q1 2019, with a net profit of approximately CNY 339.85 million [30]. - The company’s net profit margin continued to grow, with a comprehensive gross profit margin increasing and a stable cash dividend policy in place, distributing a total of 404.5 million yuan in cash dividends for the year [60]. - The company achieved total operating revenue of 5.369 billion yuan, with a net profit attributable to shareholders of 1.227 billion yuan, an increase of 11.52% year-on-year [61]. Cash Dividend and Share Repurchase - The company plans to distribute a cash dividend of 1.65 RMB per 10 shares (including tax) based on the total share capital as of the dividend record date [6]. - The total cash dividend amount for 2019 is RMB 400,681,902.18, representing 32.66% of the total profit [184]. - The cash dividend per 10 shares is RMB 1.65, which is an increase from RMB 1.25 in 2018 [184]. - The company plans to repurchase shares with a total fund not less than RMB 400 million and not exceeding RMB 800 million, with a maximum repurchase price of RMB 11 per share [192]. - The estimated number of shares to be repurchased is not less than 3,636,360 shares, accounting for 2.54% of the total share capital [192]. - The repurchased shares will be used for employee stock ownership plans and convertible bonds [195]. - The company has repurchased 40,785,336 shares, accounting for 2.85% of the total share capital, with a total expenditure of approximately 400.68 million CNY [43]. Operational Analysis - The company has detailed its financial performance and operational analysis in the report, which spans from January 1, 2019, to December 31, 2019 [17]. - The company has not reported any significant changes in shareholder structure or stock variations during the reporting period [10]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties [8]. - The company has not violated any decision-making procedures in providing guarantees [8]. - The company has not encountered any non-standard audit opinions during the reporting period [196]. - The company has not faced any risks of suspension or termination of its listing [199]. - The company has not experienced any bankruptcy reorganization matters during the reporting period [199]. Research and Development - The company’s R&D investment amounted to 193.06 million yuan, with 30 research projects implemented during the year [62]. - The company has applied for a total of 58 patents, with 41 authorized, including 14 invention patents, ensuring a technological advantage in its core industries [52]. - The company has established a key technology innovation team and multiple provincial-level innovation platforms to support ongoing research and development efforts [111]. - The company is the only one in the industry using continuous sulfonation pipeline reaction technology, which positions it competitively in the market [102]. Market and Industry Position - The company is the largest producer of para-toluenesulfonyl chloride and its downstream derivatives in the industry, utilizing a patented continuous sulfonation process [123]. - The company is the largest supplier of sulfonated pharmaceutical products in China, with exports to the EU, India, the US, Brazil, and Japan [158]. - The company is actively exploring mergers and acquisitions to enhance asset value and increase business income, responding to favorable external economic conditions [171]. - The company is focused on developing new materials and extending its industrial chain to build a stable and resilient new materials platform [170]. Environmental and Safety Compliance - The company has implemented advanced technologies in its production processes, including energy-saving modifications and pollution control measures, ensuring compliance with national environmental standards [55]. - The company has established an ISO14001 environmental safety system and OHSAS18000 occupational health and safety management system to manage hazardous chemicals and ensure safety in production [176]. - The company’s emissions of sulfur dioxide (SO2) meet the national standards, with the concentration of SO2 in exhaust gases treated by limestone-gypsum desulfurization reaching compliance levels [177]. - The company emphasized safety and environmental protection, achieving no major safety or environmental accidents in 2019 [64]. Future Outlook and Strategic Initiatives - The company has outlined potential risks in its future development strategies, emphasizing the importance of investor awareness regarding these risks [7]. - The company is actively pursuing market expansion and new technology development in the renewable energy sector, particularly in solar and hydrogen energy [151]. - The company plans to continue expanding its hydrogen refueling station layout, leveraging the large-scale by-product hydrogen advantage in the Yangtze River Delta hydrogen corridor, with a total investment of $800 million in a hydrogen energy and supporting industrial park project signed with Air Products [168]. - The company aims to enhance energy utilization efficiency through advanced technology and equipment in response to national energy policies [154].