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]

Financial Performance - The company's operating revenue for 2020 was CNY 12,915,201,031.88, an increase of 1.72% compared to CNY 12,696,461,861.70 in 2019[26]. - The net profit attributable to shareholders decreased by 48.73% to CNY 518,380,913.84 from CNY 1,011,106,133.05 in the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 55.49% to CNY 409,207,612.88, compared to CNY 263,164,759.18 in 2019[26]. - The net cash flow from operating activities increased by 53.38% to CNY 1,774,595,322.17 from CNY 1,157,013,714.10 in 2019[27]. - Basic earnings per share decreased by 48.65% to CNY 0.19 from CNY 0.37 in 2019[28]. - The weighted average return on equity decreased by 2.73 percentage points to 3.20% from 5.93% in 2019[28]. - The company reported a total profit of 109,173,300.96 RMB for the current period, a significant increase compared to 747,941,373.87 RMB in the previous period[34]. - The company achieved a total revenue of RMB 12.91 billion in 2020, representing a year-on-year growth of 1.72%[77]. - The net profit attributable to the parent company was RMB 518 million, a decrease of 48.73% compared to the previous year[77]. 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 plans to distribute cash dividends of 1 RMB per 10 shares, totaling 273,894,014.90 RMB for the 2019 fiscal year[159]. - The company has established a three-year shareholder return plan, which will be reviewed at least every three years[159]. Audit and Compliance - The company has received a standard unqualified audit report from the accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[3]. - The company has not violated decision-making procedures for providing guarantees[8]. - The company has a structured decision-making process for cash dividend distribution, ensuring transparency and adherence to regulations[162]. 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 acknowledges risks related to market competition and industry policy changes, particularly under the "14th Five-Year Plan" and "dual carbon goals"[154]. - The company aims to mitigate safety production risks through regular training and safety education for employees[156]. Operational Developments - The company intends to increase its total share capital by 821,682,045 shares through a capital reserve conversion, resulting in a new total share capital of 3,560,622,194 shares[5]. - The company is focusing on new materials and new energy industries, aligning with national policies on green development and energy conservation[40]. - The company has established an integrated circular economy industry chain, primarily in the chlor-alkali and polyester sectors, with key products including PVC, caustic soda, and methanol[41]. - The company has launched 15 thermal projects with a total boiler capacity of 1750t/h, securing 20-30 years of exclusive operating rights in the respective industrial parks[45]. - The company has implemented seven technical transformation projects, contributing positively to cost control and efficiency[75]. Investments and Acquisitions - The company acquired 60% equity in Zhangjiakou Yingbin Corridor and 100% equity in Yiyuan New Energy, completing the registration in December 2020[49]. - The company plans to acquire 100% equity of Yili Ecology from Yili Group and related parties through a combination of issuing shares and cash payments[184]. - The company approved the acquisition of 60% equity of Yingbin Corridor and 100% equity of Yiyuan New Energy in a board meeting on February 27, 2020[190]. Environmental and Sustainability Initiatives - The company is committed to expanding its clean energy systems through partnerships with local governments and industrial parks[54]. - The company’s ecological photovoltaic project integrates power generation, planting, and livestock farming, contributing to poverty alleviation and ecological benefits[55]. - The company has established a comprehensive circular economy industrial chain, significantly improving waste utilization rates and achieving zero emissions of waste gas, wastewater, and waste residue[66]. - The company is positioned to benefit from the national "dual carbon" goals, aiming for peak carbon emissions by 2030 and carbon neutrality by 2060[62]. Research and Development - Research and development expenses increased by 56.57% to RMB 214 million, reflecting the company's commitment to innovation[78]. - The company holds 400 authorized patents and has 73 additional patents pending, emphasizing its commitment to continuous technological innovation[68]. - The company has established long-term partnerships with various research institutions and universities to enhance technological support and innovation[112]. Supply Chain and Logistics - The company’s supply chain services are enhanced through its subsidiary, providing comprehensive solutions including logistics and supply chain finance[44]. - The company has established a logistics network for low-cost transportation of bulk commodities from the northwest to consumption areas[53]. - The supply chain business focuses on trading polyolefin products and providing logistics services, indicating a strategic expansion in the commodity trading sector[58]. Market Trends and Industry Insights - The overall market for PVC showed a significant rebound in the second half of 2020, indicating a positive outlook for future growth[142]. - The chlor-alkali industry is transitioning from a high-speed development phase to a high-quality development phase, indicating a healthier and more rational growth trajectory[142]. - The clean heating market is valued at over one trillion, with combined heat and power accounting for 62.90% of the market share[145]. - The hydrogen energy industry is projected to reach a demand of 35 million tons by 2030, representing 5% of terminal energy consumption[148].

Financial Performance - Operating revenue for the first nine months was ¥8.68 billion, representing an 11.63% decrease year-on-year[16] - Net profit attributable to shareholders was ¥224.99 million, down 70.46% from the previous year[16] - Basic earnings per share decreased to ¥0.08, down 71.43% year-on-year[16] - The weighted average return on net assets was 1.45%, a decrease of 3.6 percentage points compared to the previous year[16] - Total revenue for Q3 2020 was approximately ¥2.60 billion, a decrease of 14.4% compared to ¥3.03 billion in Q3 2019[54] - Operating profit for Q3 2020 was approximately ¥37.29 million, down 66.5% from ¥110.97 million in Q3 2019[54] - Net profit for the first three quarters of 2020 was approximately ¥273.18 million, a decrease of 69.9% compared to ¥907.46 million in the same period of 2019[54] - The net profit attributable to shareholders for Q3 2020 was approximately ¥125.27 million, an increase of 17.4% from ¥106.67 million in Q3 2019[60] - The basic earnings per share for Q3 2020 was ¥0.01, compared to ¥0.03 in Q3 2019[60] Cash Flow - Net cash flow from operating activities for the first nine months was ¥1.30 billion, a decrease of 36.43% compared to the same period last year[16] - Cash flow from operating activities decreased by 36.43% to ¥1,299,897,957.13 from ¥2,044,717,379.74, impacted by reduced revenue[29] - Operating cash inflow for the first three quarters of 2020 was CNY 9.28 billion, down 22.4% from CNY 11.96 billion in the same period of 2019[64] - Net cash flow from operating activities for the first three quarters of 2020 was CNY 1.30 billion, a decrease of 36.4% compared to CNY 2.04 billion in 2019[64] - Cash inflow from investment activities was CNY 86.73 million, significantly lower than CNY 1.74 billion in the previous year, resulting in a net cash outflow of CNY 310.65 million[64] - Cash inflow from financing activities totaled CNY 6.71 billion, an increase of 110.5% from CNY 3.18 billion in 2019[64] - Net cash flow from financing activities was negative at CNY 450.73 million, an improvement from a loss of CNY 1.26 billion in the same period last year[66] Assets and Liabilities - Total assets at the end of the reporting period reached ¥34.58 billion, a 0.28% increase compared to the end of the previous year[16] - The company's total assets amounted to RMB 34.58 billion, an increase from RMB 34.48 billion at the end of 2019[41] - The company's total liabilities stood at RMB 16.15 billion, slightly up from RMB 16.11 billion at the end of 2019[44] - Total liabilities as of September 30, 2020, were approximately ¥7.59 billion, an increase of 8.3% from ¥7.01 billion at the end of 2019[50] - The company's equity attributable to shareholders reached RMB 15.40 billion, an increase from RMB 15.37 billion at the end of 2019[44] - Shareholders' equity stood at CNY 18,371,218,183.07, with total equity attributable to shareholders at CNY 15,372,743,823.53[76] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,219[18] - The largest shareholder, Yili Resources Group Co., Ltd., held 49.16% of the shares, with 1.35 billion shares pledged[18] Research and Development - R&D expenses increased by 270.83% to ¥138,500,639.31 from ¥37,348,455.84, reflecting increased investment in high-tech enterprises[25] - Research and development expenses for Q3 2020 were approximately ¥39.61 million, significantly up from ¥16.24 million in Q3 2019, indicating a focus on innovation[54] - Research and development expenses increased to ¥5.94 million in Q3 2020, compared to ¥2.91 million in Q3 2019, reflecting a growth of 103.5%[60] Inventory and Receivables - Accounts receivable dividends decreased by 54.64% to ¥26,650,000 from ¥58,746,400 due to reduced dividend recovery[22] - Inventory decreased by 31.37% to ¥302,732,637.93 from ¥441,080,300.63 year-on-year[22] - The company reported a decrease in inventory to RMB 302.73 million from RMB 441.08 million at the end of 2019, indicating a reduction of approximately 31.4%[41] - The company’s total current assets included accounts receivable of CNY 878,253,846.10[73] Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to ¥5.56 million, totaling ¥28.99 million for the year-to-date[19] - Other income increased by 106.93% to ¥28,999,908.86 from ¥14,014,120.11, due to increased government subsidies[25] Corporate Actions - The company plans to temporarily use ¥10 billion of idle raised funds to supplement working capital, with a usage period not exceeding 12 months[32] - The company is in the process of acquiring 60% equity in Zhangjiakou Jingzhang Welcome Corridor Ecological Energy Co., Ltd. and 100% equity in Zhangjiakou Yiyuan New Energy Development Co., Ltd.[33] - The company repaid all raised funds of ¥600 million intended for temporary working capital back to the special account[32] Financial Instruments - The company successfully issued two tranches of corporate bonds in 2020, each with a scale of RMB 500 million, totaling RMB 1 billion[36] - The company's short-term borrowings increased to RMB 5.08 billion from RMB 3.96 billion at the end of 2019[44]

Financial Performance - Net profit attributable to shareholders was ¥224,993,393.34, representing a 70.46% decrease year-on-year[19] - Operating revenue for the first nine months was ¥8,682,658,519.82, down 11.63% from the same period last year[19] - The company has experienced a significant reduction in net profit and operating revenue, indicating challenges in the current market environment[19] - Total operating revenue for Q3 2020 was ¥2,596,687,749.21, a decrease of 14.4% compared to ¥3,034,125,806.44 in Q3 2019[44] - Net profit for Q3 2020 was ¥30,196,702.82, a decline of 67.8% from ¥93,938,346.59 in Q3 2019[44] - The company reported a total profit of ¥36,713,395.65 for Q3 2020, a decrease of 67.5% compared to ¥112,719,321.39 in Q3 2019[47] - The net profit for the first three quarters of 2020 was approximately ¥337.22 million, down 35% from ¥519.22 million in the same period of 2019[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥34,579,923,738.97, a 0.28% increase compared to the end of the previous year[19] - Total liabilities as of September 30, 2020, were ¥16,147,011,652.66, slightly up from ¥16,112,826,414.36 at the end of 2019[35] - The total owner's equity as of September 30, 2020, was ¥18,432,912,086.31, compared to ¥18,371,218,183.07 at the end of 2019, indicating a modest increase[35] - The total assets reached ¥22,325,936,664.71, up from ¥21,628,355,544.91, indicating a growth of 3.2%[41] - The total liabilities increased to ¥7,594,624,044.23, compared to ¥7,014,894,860.82 in the previous period, marking an 8.3% rise[41] - The company’s total liabilities increased, leading to a net cash outflow from financing activities of approximately ¥450.73 million in Q3 2020, compared to a net outflow of ¥1.26 billion in Q3 2019[57] Cash Flow - The net cash flow from operating activities for the first nine months was ¥1,299,897,957.13, a decline of 36.43% compared to the previous year[19] - The company reported a net cash flow from operating activities of approximately ¥1.30 billion for the first three quarters of 2020, down 36.3% from ¥2.04 billion in 2019[55] - Total cash inflow from operating activities reached ¥7,167,830,410.73, up from ¥3,558,374,242.52 in the previous year, indicating a year-over-year increase of approximately 101.5%[61] - Cash outflow from operating activities totaled ¥5,050,097,508.06, compared to ¥4,814,376,716.95 in the prior year, reflecting an increase of about 4.9%[61] - The company reported cash inflow from financing activities of ¥3,502,448,121.31, which is a substantial increase from ¥1,632,000,000.00 in the same period last year[61] Shareholder Information - The total number of shareholders at the end of the reporting period was 61,219[21] - The largest shareholder, Yili Resources Group Co., Ltd., holds 1,346,351,467 shares, accounting for 49.16% of the total shares[21] Research and Development - Research and development expenses increased to ¥39,610,677.77 in Q3 2020, up 144.5% from ¥16,240,348.41 in Q3 2019[44] - Research and development expenses increased significantly to ¥33.28 million in the first three quarters of 2020, compared to ¥2.91 million in the same period of 2019, reflecting a growth of over 1,000%[51] Other Financial Metrics - The weighted average return on equity decreased by 3.6 percentage points to 1.45%[19] - Basic earnings per share fell to ¥0.08, a decrease of 71.43% year-on-year[19] - The basic earnings per share for Q3 2020 was ¥0.01, down from ¥0.03 in Q3 2019[48] - The company incurred financial expenses of approximately ¥207.16 million in the first three quarters of 2020, an increase of 27.5% compared to ¥162.57 million in the same period of 2019[51]