Photovoltaic Capacity and Market Share - In 2022, the company achieved a total installed photovoltaic capacity of approximately 392.61 GW, representing a year-on-year growth of 28.1%[2] - The new photovoltaic installations in 2022 accounted for 46% of the total new installations nationwide, indicating a significant market share under the dual carbon goals[2] - The company reported a significant increase in revenue, with a year-on-year growth of 60.3% in new photovoltaic installations[2] - The company achieved a production capacity of 3.3 million kilowatts in photovoltaic projects, with 1.1 million kilowatts completed and operational, and 2.2 million kilowatts under construction[45] - The photovoltaic power generation revenue dropped by 42.85%, mainly due to the reduction in income from the transfer of equity in the Zhangjiakou photovoltaic project[90] Financial Performance - The company's operating revenue for 2022 was CNY 11,178,160,800.42, a decrease of 10.24% compared to CNY 12,453,798,977.32 in 2021[20] - Net profit attributable to shareholders decreased by 9.22% to CNY 730,818,745.55 from CNY 805,058,352.53 in the previous year[21] - The net profit after deducting non-recurring gains and losses increased by 2.84% to CNY 761,740,228.34 compared to CNY 740,671,091.13 in 2021[20] - Cash generated from operating activities dropped significantly by 63.30% to CNY 797,517,533.09 from CNY 2,173,232,373.62 in 2021[20] - The company's total assets increased by 2.86% to CNY 35,072,628,509.53 from CNY 34,097,144,143.72 in 2021[20] Investment and Research & Development - The company is focusing on innovation in new energy development and utilization models, as outlined in the implementation plan released by the National Development and Reform Commission[2] - The company has established a new energy and new materials research institute to explore projects related to green hydrogen production and green fertilizer, with a 400MW integrated demonstration project approved in January 2023[49] - The company invested a total of approximately 14.8 billion CNY in various R&D projects, with significant allocations to ammonia condensation technology (2.2 billion CNY) and new microbial fertilizer projects (967.6 million CNY)[155] - R&D expenses for the current period amount to approximately ¥399.92 million, a decrease of 2.65% from the previous year[182] Environmental Compliance and Emissions - The company reported actual emissions of 130.307 tons for particulate matter, 262.091 tons for sulfur dioxide, and 245.207 tons for nitrogen oxides in 2022, compared to the approved total emissions of 525.62 tons for particulate matter, 837.48 tons for sulfur dioxide, and 418.74 tons for nitrogen oxides[192] - The company operates 39 emission outlets for organized emissions, ensuring compliance with the pollution discharge standards set by GB25581-2016 and GB13223-2011[192] - The wastewater treatment facilities are functioning normally, with processes including coagulation, sedimentation, and filtration in place[195] - There were no administrative penalties imposed on the company due to environmental issues[200] Strategic Focus and Market Position - The company is actively exploring mergers and acquisitions to enhance its market position and expand its operational capabilities[2] - The company is focusing on expanding its renewable energy projects, particularly in desert and arid regions, as part of the new energy development strategy[2] - The company is focusing on a "photovoltaic+" strategy, integrating the "Yili Kubuqi Desert Light Hydrogen Zero Carbon Industry Base" to achieve green low-carbon transformation and high-quality development[56] - The company is leveraging its advantages in desert green electricity to create a low-carbon industrial chain ecosystem based on wind and solar energy[49] Cost Management and Operational Efficiency - The total cost for the company was approximately 14.98 billion, down from 16.87 billion year-over-year, indicating a strategic focus on cost management[141] - Operating costs decreased by 9.6% year-on-year, primarily due to a 54.96% reduction in supply chain logistics costs[112] - The supply chain logistics business saw a significant decline of 53.21% year-on-year, primarily due to the optimization of trade models[90] - The company has optimized its product structure and improved operational efficiency through significant projects in its Daqing and Kubuqi parks, including the elimination of outdated equipment and digital transformation initiatives[47]

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,627,773,248.52, a decrease of 22.46% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2022 was ¥225,879,105.18, an increase of 40.30% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥205,807,638.18, reflecting a 21.50% increase compared to the previous year[6]. - The basic earnings per share for Q3 2022 was ¥0.06, up by 20.00% from the same period last year[6]. - Total revenue for the first three quarters of 2022 was CNY 9,396,420,407.97, a decrease of 8.6% compared to CNY 10,278,127,697.69 in the same period of 2021[34]. - Net profit for the first three quarters of 2022 was CNY 626,058,719.88, down 7.97% from CNY 680,239,426.32 in the first three quarters of 2021[56]. - The total comprehensive income for the period was ¥991,811,593.64, compared to ¥703,699,871.39, indicating a growth of around 41.0%[40]. - Total comprehensive income for the first three quarters of 2022 was CNY 626,058,719.88, down from CNY 680,239,426.32 in the previous year[58]. Assets and Liabilities - Total assets at the end of the reporting period were ¥34,062,848,686.29, a slight decrease of 0.09% compared to the end of the previous year[9]. - Current assets decreased to CNY 7,965,460,989.79 as of September 30, 2022, from CNY 10,084,805,366.15 at the end of 2021, representing a decline of 20.9%[28]. - Non-current assets increased to CNY 26,097,387,696.50 as of September 30, 2022, compared to CNY 24,008,819,085.89 at the end of 2021, an increase of 8.7%[31]. - Total liabilities decreased to CNY 13,621,956,968.46 as of September 30, 2022, from CNY 14,472,008,652.56 at the end of 2021, a reduction of 5.9%[33]. - The company's total assets were CNY 34,062,848,686.29 as of September 30, 2022, slightly down from CNY 34,093,624,452.04 at the end of 2021, a decrease of 0.1%[32]. - The total liabilities decreased to 6,975,302,253.70 RMB from 7,065,919,473.28 RMB, reflecting a reduction of about 1.3%[54]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥380,106,689.93, down by 75.87% compared to the same period last year[6]. - The net cash flow from operating activities decreased by 75.87 million, primarily due to the increase in prepaid energy materials prices and the absence of photovoltaic subsidies received during the period[15]. - The net cash flow from operating activities was 380,106,689.93 RMB, a significant decrease from 1,575,142,412.88 RMB in the previous period, indicating a decline of approximately 76.1%[45]. - Cash flow from operating activities generated a net amount of CNY 1,597,040,254.13, significantly higher than CNY 700,078,373.97 in the first three quarters of 2021[60]. - Cash flow from investing activities showed a net outflow of CNY 786,995,754.68, compared to a net inflow of CNY 361,581,789.03 in the previous year[62]. - The total cash outflow from investing activities was 1,022,402,365.43 RMB, compared to 1,281,500,129.71 RMB in the prior period, reflecting a decrease of about 20.2%[45]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 132,440[16]. - The largest shareholder, Yili Resources Group Co., Ltd., holds 1,349,400,000 shares, accounting for 37.90% of the total shares[20]. - The company has pledged a total of 134,940,000 shares, which represents 100% of the shares held by Yili Resources and 37.90% of the company's total share capital[22]. Expenses and Investments - Operating profit rose to ¥1,088,225,280.79, compared to ¥796,934,072.42, showing an increase of approximately 36.5%[38]. - Research and development expenses were ¥205,982,389.10, up from ¥186,963,475.53, representing an increase of about 10.1%[38]. - Financial expenses decreased to ¥408,227,168.97 from ¥544,131,974.85, a reduction of approximately 25.0%[38]. - The company’s tax expenses were ¥103,989,271.27, compared to ¥93,815,664.22, reflecting an increase of about 10.4%[38]. - Investment income significantly increased to ¥745,070,098.16 from ¥426,888,992.94, marking a rise of approximately 74.7%[38]. - Investment income rose to CNY 725,840,474.94, an increase of 18.69% compared to CNY 611,294,375.20 in the same period of 2021[56]. Management Changes - The company has appointed a new independent director, Wang Fangming, following the resignation of the previous independent director[23]. - The company has hired Zhang Yanmei as the secretary of the board of directors[24].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥6,768,647,159.45, a decrease of 1.75% compared to ¥6,889,206,770.43 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached ¥563,187,112.64, representing an increase of 20.64% from ¥466,836,120.80 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 38.85% year-on-year, reaching approximately RMB 549.19 million[22]. - The net cash flow from operating activities decreased significantly by 84.58% year-on-year, amounting to approximately RMB 251.81 million[22]. - Basic earnings per share rose by 20.67% year-on-year to RMB 0.1582[22]. - The weighted average return on net assets increased by 0.44 percentage points to 3.37%[22]. - The increase in net profit was primarily driven by higher sales prices of chemical products and increased investment income from joint ventures[23]. - The decrease in net cash flow from operating activities was mainly due to increased payments for bulk raw material reserves and the impact of renewable energy subsidies received in the previous period[23]. Governance and Compliance - The company has not disclosed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[6]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[7]. - The company has not faced any violations in decision-making procedures regarding external guarantees[7]. - The report indicates that all board members attended the board meeting, ensuring accountability for the report's accuracy[5]. - The financial report for this half-year has not been audited[5]. - The company has not indicated any significant changes in its governance structure or shareholder situation during this period[10]. - The company has appointed new management, including Wang Ruifeng as Chairman and Hou Jinghui as General Manager[88]. Risk Management - The company has outlined potential major risks that could adversely affect its future development and operational goals in the report[9]. - The report includes a forward-looking statement risk declaration, cautioning investors about investment risks[6]. - The company faces cyclical risks due to its industry characteristics, which are closely related to macroeconomic conditions and national policies[79]. - The company will ensure timely and accurate disclosure of information that may affect stock prices to mitigate stock price volatility risks[80]. Environmental and Sustainability Efforts - The company has implemented waste gas treatment facilities in its production processes to minimize environmental impact[92]. - The company has achieved resource recycling by utilizing waste materials in cement production and soil conditioners[92]. - The company has invested in low-carbon green development and enhanced pollution prevention measures during the reporting period[98]. - The company is actively engaged in the recovery and recycling of wastewater across its facilities[101]. - The "Wuwei 500,000 kW photovoltaic desertification control" project is expected to generate approximately 1 billion kWh annually, reducing CO2 emissions by 710,000 tons[115]. - The company is actively promoting green development through the integration of photovoltaic technology and sustainable agricultural practices[114]. Research and Development - Research and development expenses increased by 44.41% to 109.79 million RMB, reflecting a focus on high-tech projects[58]. - The company has a total of 560 authorized patents, with 43 patents granted in the first half of 2022, and 74 more pending[48]. - The company is focusing on the integration of "photovoltaic desertification control, wind and solar power generation, hydrogen production, and green fertilizer" as part of its strategic development model[46]. Related Transactions and Financial Management - The company engaged in related transactions totaling 115 million yuan for purchases and 36 million yuan for sales with associated parties by the end of the reporting period[131]. - The company has committed to ensuring fair pricing in related transactions to protect the interests of minority shareholders[124]. - The company has reported no significant litigation or arbitration matters during the reporting period[128]. - The company has maintained compliance with the commitment to avoid competition with its controlling shareholder, ensuring no direct or indirect investments in competing projects[124]. Asset and Liability Management - The company's debt-to-asset ratio improved to 39.92% from 42.45% year-over-year, a decrease of 2.53%[171]. - The liquidity ratio decreased to 1.07, down 7.97% from 1.17 at the end of the previous year[171]. - Total current assets decreased to ¥8,573,912,267.03 from ¥10,084,805,366.15, a decline of approximately 15%[179]. - Total liabilities decreased to ¥13,578,294,053.79 from ¥14,472,008,652.56, a reduction of approximately 6%[181]. - The total value of restricted assets reached 14,208,522,117.41 yuan, including cash and fixed assets[65]. Community Engagement - The company invests 2 million yuan annually in rural revitalization efforts, totaling an expected investment of 50 million yuan over 25 years[119]. - The company has purchased agricultural products worth 200,000 yuan from local farmers to support rural poverty alleviation[119]. - The company has donated over 60,000 yuan for vegetation restoration and pandemic prevention efforts[119].

Financial Performance - The company's operating revenue for 2021 was approximately ¥12.44 billion, a decrease of 3.69% compared to ¥12.92 billion in 2020 [28]. - Net profit attributable to shareholders increased by 54.65% to approximately ¥801.65 million in 2021, up from ¥518.38 million in 2020 [28]. - The net profit after deducting non-recurring gains and losses rose by 80.17% to approximately ¥737.27 million in 2021 [30]. - The net cash flow from operating activities increased by 22.46% to approximately ¥2.17 billion in 2021 [28]. - Basic earnings per share increased by 53.33% to ¥0.23 in 2021, compared to ¥0.15 in 2020 [31]. - The weighted average return on equity rose to 5.00% in 2021, an increase of 1.80 percentage points from 2020 [31]. - Total assets decreased by 6.39% to approximately ¥34.09 billion at the end of 2021, down from ¥36.42 billion at the end of 2020 [28]. - The company achieved a total revenue of CNY 12,345,382,636.60, reflecting a year-on-year decrease of 3.84% [173]. - The chemical manufacturing segment generated revenue of CNY 7,545,040,470.30, with a gross margin of 19.91%, an increase of 6.85 percentage points compared to the previous year [170]. Risk Management and Governance - The company has received an unqualified audit report with emphasis on matters related to going concern uncertainties [6]. - The company has identified significant risk factors that may adversely affect its future development and operational goals, detailed in the management discussion and analysis section [8]. - The company has a comprehensive risk management strategy in place to address potential adverse factors affecting its operations [8]. - The company’s board of directors and supervisory board members were present at the board meeting, ensuring governance compliance [6]. - The company emphasizes safety management with a comprehensive HSE system to ensure sustainable operations and risk mitigation [56]. Operational Highlights - The company experienced a significant increase in sales volume for PVC and mixed fertilizers in the second quarter compared to the first quarter [34]. - In 2021, the company achieved a PVC production of 503,200 tons, exceeding the planned capacity of 500,000 tons, while caustic soda production reached 374,300 tons against a target of 400,000 tons [50]. - The company’s subsidiary completed a production of 661,300 tons of calcium carbide, ensuring stable production amidst energy consumption controls and power restrictions [50]. - The company’s modern coal chemical industry chain includes a PVC production capacity of 500,000 tons and a caustic soda capacity of 400,000 tons, supported by a self-owned power plant [68]. - The company’s coal-based ethylene glycol project has a production capacity of 700,000 tons per year, with 400,000 tons already in operation [142]. Research and Development - The company’s R&D expenses rose by 91.57% to RMB 410.81 million, reflecting an increase in high-tech enterprise projects [87]. - The company holds a total of 552 authorized patents, with 93 patents granted in 2021 and 31 more pending [85]. - The company is developing various technologies, including a high-efficiency desulfurization agent and a new flue gas waste heat recovery process, with significant funding allocated [117][119]. - The company has invested significantly in R&D projects, with a total of 45,797,086.38 for ultra-low emissions technology development [121]. - A major focus is on the development of a new mercury-free solid-phase catalyst, with an investment of 35,298,025.56 [123]. Strategic Initiatives - The company has established a strategic focus on photovoltaic sand control and hydrogen energy, with a total installed capacity of 600,000 kW for operational photovoltaic power stations and 2.7 million kW under construction [51]. - The company is actively expanding its clean heating business, which is expected to benefit from national policies promoting energy efficiency and circular economy practices in industrial parks [66]. - The company is focusing on the development of new energy sources, including hydrogen production from renewable sources, in line with national energy transition policies [65]. - The company has formed a unique "six-in-one" circular industrial development model integrating photovoltaic, desertification control, energy storage, green hydrogen, chemicals, and agriculture [78]. - The company aims to leverage opportunities in the Yellow River Basin and focus on "photovoltaic desertification control" investments, extending into green circular industries [193]. Market Conditions - The PVC market in China experienced high prices for an extended period due to rising raw material costs and supply constraints, with a notable price drop starting in late October 2021 [59]. - The domestic caustic soda production reached 38.91 million tons in 2021, reflecting a year-on-year growth of 5.2% [60]. - The company’s coal procurement prices saw significant increases, with raw coal prices rising from 496.46 yuan/ton in Q1 to 1,140.12 yuan/ton in Q4, marking a 129% increase [38]. - The average price of electricity increased by 28.08% year-on-year, significantly impacting the company's operating costs [169]. Financial Management - The total value of restricted assets at the end of the reporting period was ¥13,504,515,983.04, including cash, fixed assets, and long-term equity investments [133]. - The company’s long-term equity investments increased by CNY 9.55 billion, a growth of 16.95%, primarily due to investment income from equity method accounting [174]. - The company’s total procurement of clean thermal coal was 238.76 million tons, with a price increase of 67.41% year-on-year [169]. - The company’s investment in joint ventures amounted to CNY 10.39 billion during the reporting period [174]. Future Outlook - The company expects continued growth in net profit driven by rising chemical product prices and increased sales volume in the upcoming quarters [37]. - The company plans to enhance its modern coal chemical industry chain by implementing hydrogen production projects and developing cutting-edge technologies that couple green electricity, green hydrogen, and coal chemical projects [197]. - The company will continue to focus on the green low-carbon transformation of its energy operations, aligning with national strategic plans [194]. - The company aims to achieve high-quality development through technological upgrades and the integration of new materials and new energy industries [198].

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,143,761,109.48, representing a year-on-year increase of 7.31%[5] - The net profit attributable to shareholders was ¥141,803,907.34, with a slight increase of 0.66% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥142,286,691.83, reflecting a year-on-year growth of 4.25%[5] - Net profit for Q1 2022 was ¥181,882,303.57, compared to ¥154,336,440.32 in Q1 2021, representing a growth of 17.9%[35] - Total revenue for Q1 2022 reached ¥3,143,761,109.48, an increase of 7.3% compared to ¥2,929,721,054.63 in Q1 2021[32] - Total operating costs for Q1 2022 were ¥3,065,891,391.79, up from ¥2,846,618,333.93 in Q1 2021, reflecting a year-over-year increase of 7.7%[32] - The total comprehensive income for the period was CNY 182,002,951.43, an increase from CNY 154,646,692.35 in the previous year[38] Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 81.64%, amounting to ¥113,418,605.93[5] - Cash and cash equivalents at the end of the period amounted to CNY 5,639,337,595.25, down from CNY 7,959,714,814.28 at the end of the previous year[41] - The company's cash and cash equivalents were reported at RMB 5,835,805,503.57, down from RMB 6,536,143,688.17, indicating a decrease of about 10.74%[26] - The company's total current assets amounted to RMB 9,714,240,963.54, a decrease from RMB 10,084,805,366.15 as of December 31, 2021, reflecting a decline of approximately 3.67%[26] - The company's total assets decreased to ¥33,715,291,771.45 from ¥34,093,624,452.04, a decline of 1.1%[31] - Total liabilities decreased to ¥13,868,164,252.94 from ¥14,472,008,652.56, a reduction of 4.2%[31] - The company's total liabilities increased, reflecting a higher level of financing activities compared to the previous year[41] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 137,044, with the largest shareholder holding 37.98% of the shares[14] - The equity attributable to shareholders increased by 1.10% to ¥16,511,962,970.65 compared to the end of the previous year[7] - The total equity attributable to shareholders increased to ¥16,511,962,970.65 from ¥16,331,851,893.24, an increase of 1.1%[31] Investments and Expenses - Research and development expenses for Q1 2022 were ¥35,166,180.46, slightly up from ¥35,157,801.21 in Q1 2021[35] - The company achieved investment income of CNY 116,700,000.00 during the period, compared to no income reported in the previous year[41] - Long-term equity investments stood at RMB 6,649,701,123.37, showing an increase from RMB 6,590,843,214.68, which is an increase of approximately 0.89%[26] Management and Corporate Actions - The company appointed new management, including Mr. Xu Hui as a non-independent director and Ms. Hou Jinghui as the general manager[20] - The company completed the repurchase of bonds "20 Yili 01" amounting to RMB 371.726 million during the reporting period[22] - The company provided a guarantee for its wholly-owned subsidiary Gansu Yiheng for financing lease business, with the maximum principal amount guaranteed not exceeding RMB 2.4 billion[21] - The company has not made any adjustments to the coupon rate of its bonds, which remains at 7% for the next three years[22] Inventory and Receivables - Accounts receivable increased to RMB 943,636,330.88 from RMB 896,909,314.04, representing a growth of approximately 5.20%[26] - The company's inventory was reported at RMB 413,928,087.21, a slight decrease from RMB 439,966,207.30, reflecting a decline of about 5.91%[26]

Financial Performance - The company's operating revenue for Q3 2021 was ¥3,388,920,927.26, representing a 26.48% increase compared to ¥2,596,687,749.21 in the same period last year[7] - Net profit attributable to shareholders was ¥160,992,965.36, a significant increase of 205.00% from ¥34,100,364.22 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥169,384,225.51, up 431.47% from ¥29,416,281.77 in the previous year[7] - Basic earnings per share increased to ¥0.05, a 150.00% rise from ¥0.01 in the same quarter last year[7] - Total operating revenue for the first three quarters of 2021 reached RMB 10,278,127,697.69, a 14.9% increase from RMB 8,948,799,062.35 in the same period of 2020[40] - Net profit for the first three quarters of 2021 was RMB 703,593,378.16, up 84.6% from RMB 381,089,899.60 in the first three quarters of 2020[40] - Operating profit increased to RMB 796,934,072.42, compared to RMB 448,332,415.55 in the previous year, reflecting a growth of 77.7%[40] - The company reported a total comprehensive income of RMB 703,699,871.39 for the first three quarters of 2021, compared to RMB 380,505,685.66 in the previous year[42] - Basic earnings per share for the first three quarters of 2021 were RMB 0.18, up from RMB 0.11 in the same period of 2020[42] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥1,575,142,412.88, an increase of 8.78% compared to ¥1,299,897,957.13 in the same period last year[7] - Cash flow from operating activities for the first three quarters of 2021 was RMB 1,575,142,412.88, an increase from RMB 1,448,038,083.17 in the same period of 2020[46] - The total cash and cash equivalents at the end of the period amounted to 7,037,015,034.87, down from 9,625,347,180.42[48] - The company’s cash and cash equivalents were RMB 7.41 billion, down from RMB 8.40 billion at the end of 2020[32] - The company’s total assets amounted to RMB 34.47 billion, a decrease from RMB 36.42 billion at the end of 2020[35] - The company's current assets totaled RMB 11.44 billion, slightly down from RMB 11.66 billion at the end of 2020[32] - The company’s long-term investments amounted to RMB 5.87 billion, up from RMB 5.64 billion at the end of 2020[32] - The total liabilities amounted to 17,336,479,868.01, with current liabilities totaling 12,046,763,151.89[55] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 78,273[16] - The largest shareholder, Yili Resources Group Co., Ltd., holds 1,750,256,907 shares, accounting for 49.16% of total shares[16] - The company’s equity attributable to shareholders reached RMB 16.21 billion, an increase from RMB 15.65 billion at the end of 2020[37] - The total equity attributable to shareholders was 15,653,213,060.04, contributing to total equity of 19,085,301,953.87[58] Investments and Expenses - The company experienced a 690.14% increase in trading financial assets due to investment in financial products[12] - Research and development expenses increased by 34.99 million due to higher investment in high-tech projects[15] - The company recorded an investment income of 34.66 million from equity method accounting and equity transfers[15] - The company completed the transfer of 49% equity in a project company for a consideration of 339.49 million, generating an investment income of 86 million[22] - The company reported a significant cash inflow of 856.51 million from the disposal of equity interests in joint ventures[15] - The company reported a cash inflow of 21,050.91 million from the disposal of subsidiaries and other operating units[15] - The company’s total operating costs for the first three quarters of 2021 were RMB 9,934,017,802.95, an increase from RMB 8,859,307,281.51 in the same period of 2020[40] - The company’s financial expenses increased to RMB 186,963,475.53 in the first three quarters of 2021, compared to RMB 138,500,639.31 in the previous year[40] Future Plans and Market Strategy - The company plans to expand its market presence and enhance product offerings in response to industry trends and increased sales prices[12] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[40] - The company plans to permanently supplement working capital with remaining raised funds after terminating part of the fundraising investment projects[21] Credit and Liabilities - The company maintained a stable credit rating of AA from both China Lianhe Credit Rating Co., Ltd. and Dagong Global Credit Rating Co., Ltd.[24][27] - The company experienced a credit impairment loss of 207.82 million due to an increase in other receivables[15] - The company’s short-term borrowings were RMB 4.50 billion, a decrease from RMB 5.02 billion at the end of 2020[35] - Fixed assets decreased by 1,401,762,866.01 to 15,129,245,541.84 due to adjustments from the new leasing standards[58] - The company reported a cash outflow for debt repayment of 2,580,478,854.35, compared to 4,241,551,765.94 in the previous period[48] - The company distributed dividends and interest payments totaling 695,647,358.59, down from 827,518,329.74[48] - The company has implemented new leasing standards starting January 1, 2021, affecting various asset and liability accounts[58]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 6,889,206,770.43, representing a 9.89% increase compared to CNY 6,269,415,776.35 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 466,836,120.80, an increase of 86.21% from CNY 250,701,999.37 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 395,534,879.46, which is a 126.03% increase compared to CNY 174,993,633.87 in the same period last year[23]. - The net cash flow from operating activities was CNY 1,633,330,565.54, up 116.52% from CNY 754,361,095.46 in the previous year[23]. - Basic earnings per share increased by 88.89% to CNY 0.17 compared to the same period last year[24]. - Net profit attributable to shareholders increased by 86.21%, driven by higher sales prices of chemical products[24]. - Cash flow from operating activities improved due to increased sales revenue from rising product prices[24]. - The weighted average return on equity rose to 2.93%, up from 1.62% in the same period last year[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 36,036,639,965.84, a decrease of 1.06% from CNY 36,421,781,821.88 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased to CNY 16,031,869,932.10, reflecting a 2.42% increase from CNY 15,653,213,060.04 at the end of the previous year[23]. - The total value of restricted assets as of the reporting period is approximately CNY 13.62 billion, with significant components including fixed assets at CNY 8.04 billion and long-term equity investments at CNY 4.44 billion[70]. - The company’s total assets include overseas assets valued at ¥40.65 million, accounting for 0.11% of total assets[69]. Production and Operations - The company plans to produce 237,300 tons of PVC in 2021, with actual production reaching 254,200 tons, exceeding the planned target[52]. - The company’s caustic soda production plan was 168,800 tons, with actual production of 180,400 tons, achieving full production and sales[52]. - The company achieved a total asset of CNY 36.037 billion and a net asset attributable to the parent company of CNY 16.032 billion as of June 30, 2021[51]. - The company reported an operating income of CNY 6.889 billion, representing a year-on-year growth of 9.89%[51]. Environmental Compliance - The actual emissions for the first half of 2021 included 56.22 tons of particulate matter, 69.156 tons of sulfur dioxide, and 155.1 tons of nitrogen oxides, all within the permitted limits[90]. - The company’s subsidiary achieved a total of 287.6868 tons of particulate matter, 13.54291 tons of sulfur dioxide, and 271.3968 tons of nitrogen oxides emissions in the first half of 2021, complying with discharge permits[92]. - The company’s thermal power subsidiary reported actual emissions of 26.8 tons of particulate matter, 127.58 tons of sulfur dioxide, and 146.36 tons of nitrogen oxides in the first half of 2021, all within the permitted limits[92]. - The company’s environmental protection measures include the use of advanced treatment facilities for waste gas, ensuring compliance with national pollutant discharge standards[95]. - The company’s projects focus on recycling and reusing wastewater, achieving zero wastewater discharge in production processes[94]. Risk Management - The management has outlined potential risks that may adversely affect the company's future development and operational goals in the report[6]. - There are no significant risks related to non-operating fund occupation by controlling shareholders or their related parties[6]. - The company faces industry cyclicality risks, which may significantly impact performance during economic downturns, necessitating close monitoring of macroeconomic conditions[75]. - Safety production risks are present due to the nature of chemical product manufacturing, prompting the company to implement safety training and emergency drills[77]. Strategic Initiatives - The company focuses on the circular economy, with key products including PVC, caustic soda, and methanol[30]. - The company is developing a circular economy industrial chain in the Dalarat and Kubuchi economic parks, with a total production capacity of 640,000 tons of environmentally friendly calcium carbide[31]. - The company plans to invest in photovoltaic sand control projects in the Yellow River region as part of its future strategic development[37]. - The company is actively exploring various energy supply methods, including biomass and distributed energy heating[36]. Related Party Transactions - The total amount of related party transactions for the reporting period reached RMB 18,508.15 million, with significant transactions including wastewater treatment and industrial water procurement[192]. - The company received dividends of RMB 9.173 million from Ordos Zhengli New Energy Power Co., Ltd. as part of the equity transfer agreement[194]. - The company reported a related party transaction amount of RMB 6,089.45 million for wastewater treatment services, accounting for 49.65% of similar transactions[192]. - The company engaged in related party transactions for the purchase of industrial water amounting to RMB 2,308.85 million, representing 18.82% of similar transactions[192]. Community Engagement - The company has actively engaged in poverty alleviation and rural revitalization efforts, focusing on industrial support and job creation to help local communities[180]. - The company donated 350,000 yuan to support poverty alleviation projects, including the construction of collective picking gardens and breeding cooperatives, benefiting local villagers[182]. - The "Photovoltaic + Ecological Sand Control" project helped 57 impoverished households increase their income, with an average additional income of 32,000 yuan per household[182]. - The 50MW photovoltaic poverty alleviation project in Zhangbei County is expected to provide financial support for 2,000 registered impoverished individuals, totaling 6 million yuan annually at a rate of 3,000 yuan per person[182].

证券代码：600277 证券简称：亿利洁能 公告编号：2021-043 债券代码：163399 债券简称：20 亿利 01 债券代码：163692 债券简称：20 亿利 02 亿利洁能股份有限公司 关于参加 2021 年内蒙古辖区投资者网上集体接待日活动 | --- | |------------------------------------------------------------------------| | | | 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。 | 为进一步提升公司投资者关系管理，加强与广大投资者沟通交流，亿利洁能 股份有限公司（以下简称"公司"）定于2021年8月4日（星期三）15:00—17:00 参加2021年内蒙古辖区投资者网上集体接待日活动，就公司治理、经营状况、发 展战略等问题与投资者进行网络互动交流。 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台采取网 络远程的方式举行，投资者可登录"全景路演天下"（http://rs.p5w.net）参与本 次互动交流。 ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥12.92 billion, a year-on-year increase of 1.72% compared to ¥12.70 billion in 2019[22]. - Net profit attributable to shareholders decreased by 48.73% to approximately ¥518.38 million, primarily due to the impact of the pandemic and a lack of non-recurring gains compared to the previous year[22]. - The net profit excluding non-recurring gains increased by 55.49% to approximately ¥409.21 million, attributed to cost reduction and efficiency improvements[22]. - The net cash flow from operating activities increased by 53.38% to approximately ¥1.77 billion, benefiting from deferred tax payments during the pandemic[23]. - Basic earnings per share decreased by 48.65% to ¥0.19, while the basic earnings per share excluding non-recurring gains increased by 50% to ¥0.15[24]. - The weighted average return on equity decreased by 2.73 percentage points to 3.20%[23]. - Total assets at the end of 2020 were approximately ¥36.42 billion, a decrease of 1.58% from ¥37.01 billion at the end of 2019[22]. - The company reported a quarterly revenue of ¥4.23 billion in Q4 2020, with a net profit of approximately ¥293.39 million[25]. - Non-recurring gains and losses totaled approximately ¥109.17 million in 2020, significantly lower than ¥747.94 million in 2019[27]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.57 per 10 shares, totaling RMB 156,119,588.49, which represents 30.12% of the net profit attributable to ordinary shareholders of RMB 518,380,913.84 for the year 2020[5]. - The company's financial report is subject to approval at the annual general meeting before implementation of the profit distribution plan[5]. - The company has established a cash dividend policy that will be reviewed every three years, ensuring transparency and consideration of shareholder interests[137]. - The cash dividend policy is in compliance with the company's articles of association and shareholder resolutions, ensuring the protection of minority shareholders' rights[139]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[142]. - The company’s cash dividend execution is supported by a complete decision-making process and independent director oversight[139]. Risk Management - The company has outlined significant risk factors that may adversely affect its future development and operational goals in the annual report[8]. - The company emphasizes the importance of investor awareness regarding potential investment risks associated with forward-looking statements[6]. - The company acknowledges risks related to industry cyclicality, market competition, and safety production, and plans to mitigate these through strategic planning and compliance with environmental policies[132][133]. Operational Efficiency and Cost Management - The company actively implemented tax reduction and efficiency enhancement measures to improve profitability amid the pandemic[22]. - Operating costs increased by 9.29% to RMB 11.271 billion, while research and development expenses rose by 56.57% to RMB 214 million[67]. - The total cost for the clean energy segment was ¥1,609,209,493.07, a decrease of 2.71% compared to the previous year[76]. - The total cost for the company decreased by 3.47% to ¥11,261,724,413.62 compared to ¥10,297,764,353.12 in the previous year[76]. - The company implemented seven technical transformation projects in 2020, enhancing cost control and efficiency[99]. Environmental and Social Responsibility - The company actively engages in poverty alleviation through industrial support, focusing on solar energy projects to provide employment and increase income for local communities[181]. - The company invested a total of RMB 6.447 million in poverty alleviation efforts during the reporting period[183]. - The company has established a new model for poverty alleviation through the integration of photovoltaic projects, creating job opportunities for local impoverished populations[183]. - The company has committed to enhancing its social responsibility and exploring effective poverty alleviation methods[187]. Strategic Focus and Development - The company aims to enhance its core competitiveness in the clean energy sector through investments, acquisitions, and technological innovations, securing 20-30 year exclusive operating rights in energy and heating[45]. - The company is focused on developing a hydrogen energy industry system, integrating research, production, storage, transportation, and application[46]. - The company plans to enhance its industrial chain technology upgrades and promote the carbon-based new materials industry to support the national dual carbon goals[129]. - The company intends to accelerate the development of desert photovoltaic and hydrogen energy industries, leveraging existing solar project experiences[131]. Related Party Transactions - The total amount of related party transactions for the year reached 48,176.60 million RMB, with significant transactions including 8,574.45 million RMB for equipment purchases and 9,116.16 million RMB for utility expenses[156]. - The company’s related party transactions accounted for 26.99% of similar transactions for equipment purchases and 28.69% for utility expenses, indicating a significant reliance on related entities[156]. - The company has maintained a consistent pricing strategy for related transactions, adhering to market prices across various categories[156]. Compliance and Governance - The company received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The company maintained a focus on internal control and compliance, enhancing its governance and information disclosure systems[65]. - There are no significant litigation or arbitration matters reported for the year[147]. - The company has not faced any risks of suspension or termination of listing during the reporting period[147].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥140,878,215.52, representing a year-on-year increase of 26.79%[9] - Operating income for the period was ¥2,929,721,054.63, up 9.71% from the same period last year[9] - Net cash flow from operating activities was ¥617,749,367.59, a significant increase of 467.27% year-on-year[9] - Basic earnings per share rose to ¥0.05, reflecting a 25.00% increase compared to the previous year[9] - The company reported a net profit after deducting non-recurring gains and losses of ¥136,485,022.99, an increase of 79.56% year-on-year[9] - Total operating revenue for Q1 2021 was CNY 2,929,721,054.63, an increase of 9.7% compared to CNY 2,670,303,623.98 in Q1 2020[47] - Net profit for Q1 2021 reached CNY 154,336,440.32, compared to CNY 145,758,751.25 in Q1 2020, representing a growth of 5.4%[47] - The company reported a total comprehensive income of CNY 154,646,692.35 for Q1 2021, compared to CNY 146,644,267.75 in Q1 2020, an increase of 5.5%[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥36,528,840,675.85, an increase of 0.29% compared to the end of the previous year[9] - The company's current assets totaled ¥11,923,345,417.19, up from ¥11,661,949,873.42, indicating an increase of about 2.24%[35] - The company's total liabilities decreased slightly to ¥17,260,598,685.42 from ¥17,336,479,868.01, a reduction of about 0.44%[38] - The total equity attributable to shareholders rose to ¥15,820,504,937.35 from ¥15,653,213,060.04, marking an increase of approximately 1.07%[39] - The total liabilities decreased to CNY 6,923,703,519.06 in Q1 2021 from CNY 7,554,645,221.52 in Q1 2020, a reduction of approximately 8.4%[46] - The total equity increased to CNY 15,159,972,757.48 in Q1 2021 from CNY 14,985,167,898.11 in Q1 2020, showing a growth of about 1.2%[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 64,576[10] - The largest shareholder, Yili Resources Group Co., Ltd., held 49.16% of the shares, with a total of 1,346,351,467 shares[10] Cash Flow - Cash flow from operating activities for Q1 2021 was ¥617,749,367.59, significantly higher than ¥108,898,289.65 in Q1 2020[55] - Cash flow from financing activities in Q1 2021 was negative at -¥222,301,837.90, compared to a positive cash flow of ¥508,557,827.26 in Q1 2020[56] - The company reported cash inflow from financing activities of 461,806,652.82 RMB, a decrease of 69% from 1,509,188,333.33 RMB in the same period last year[59] Expenses - Research and development expenses decreased by 44.76% to ¥35,157,801.21 from ¥63,649,873.45[17] - Financial costs for Q1 2021 were CNY 194,633,834.20, compared to CNY 155,977,290.19 in Q1 2020, reflecting an increase of 24.7%[47] - Tax and additional charges increased by 54.40% to ¥26,037,103.37 from ¥16,863,124.31[17] Inventory and Receivables - Accounts receivable decreased by 51.34% to ¥9,185,937.38 from ¥18,879,255.19[16] - The company's accounts receivable decreased to ¥1,241,047,842.45 from ¥1,497,548,557.07, a decline of about 17.1%[35] - The inventory increased to ¥359,299,195.51 from ¥316,931,263.88, representing a growth of approximately 13.3%[35] Other Financial Information - Non-operating income included government subsidies amounting to ¥3,185,213.08, closely related to the company's normal business operations[10] - The stock option incentive plan was terminated with all 15.2 million options being canceled due to not meeting exercise conditions[26] - The company completed interest payment for the first phase of its 2020 corporate bonds on April 12, 2021[29]