证券代码：600293 股票简称：三峡新材 编号：临 2023-021 号 湖北三峡新型建材股份有限公司 关于参加 2023 年湖北辖区上市公司投资者网上集体 接待日活动的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 重要内容提示 ： ●活动内容："2023年湖北辖区上市公司投资者网上集体接待日" 活动 ●活动时间：2023 年 5 月 25 日（星期四）14:30-16:35 ●活动形式：本次活动采取线上形式举办 线上网址：全景路演 http://rs.p5w.net/ ●预征集投资者提问的相关安排：投资者可于 2023 年 5 月 24 日 （周三）17:00 前访问 https://ir.p5w.net/zj/，进入问题征集专题 页面，向本公司提出您关注的问题。 一、活动主题 为进一步加强与广大投资者的互动交流，根据湖北省上市公司协 会《关于举办 2023 年湖北辖区上市公司投资者网上集体接待日活动 的通知》统一部署，湖北三峡新型建材股份有限公司（以下简称"公 司"） 将于 2023 年 5 月 25 日（星期四）下午 ...

Financial Performance - Revenue in 2022 was 1,888,882,047.30 yuan, a decrease of 39.24% compared to 2021[23] - Net profit attributable to shareholders in 2022 was -293,510,307.46 yuan, a decrease of 425.43% compared to 2021[23] - Operating cash flow in 2022 was 313,440,998.14 yuan, a decrease of 62.09% compared to 2021[23] - Total assets at the end of 2022 were 3,675,729,317.54 yuan, a decrease of 2.28% compared to the end of 2021[23] - Shareholders' equity at the end of 2022 was 1,676,273,844.80 yuan, a decrease of 15.01% compared to the end of 2021[23] - Basic earnings per share decreased by 412.5% to -0.25 yuan per share in 2022 compared to 0.08 yuan per share in 2021[24] - Diluted earnings per share also decreased by 412.5% to -0.25 yuan per share in 2022[24] - Weighted average return on equity decreased by 20.80 percentage points to -16.09% in 2022[24] - Revenue for Q1 2022 was 409.40 million yuan, Q2 was 527.43 million yuan, Q3 was 508.09 million yuan, and Q4 was 443.96 million yuan[25] - Net profit attributable to shareholders was 55.41 million yuan in Q1, -20.34 million yuan in Q2, -109.14 million yuan in Q3, and -219.44 million yuan in Q4[25] - The company achieved a revenue of 1.89 billion yuan in 2022, a decrease of 39.24% year-on-year, and a net loss of 294 million yuan, a decrease of 425.43% year-on-year[39] - Total assets of the company were 3.68 billion yuan, a decrease of 2.28% year-on-year, and net assets were 1.68 billion yuan, a decrease of 15.01% year-on-year[39] - Total operating revenue decreased to 1,888,882,047.30 RMB in 2022 from 3,108,551,977.05 RMB in 2021, a decline of approximately 39.2%[169] - Net profit for 2022 was -324,084,673.77 RMB, compared to 112,085,020.27 RMB in 2021, indicating a significant loss[169] - Basic earnings per share (EPS) for 2022 was -0.25 RMB, down from 0.08 RMB in 2021[170] - Total comprehensive income for 2022 was -328,669,906.58 RMB, compared to 137,732,368.34 RMB in 2021[170] - Net profit attributable to the parent company's shareholders was -293,510,307.46 RMB in 2022, down from 90,190,308.30 RMB in 2021[170] - The company's other comprehensive income after tax was -4,585,232.81 RMB in 2022, compared to 25,647,348.07 RMB in 2021[170] - Operating cash flow from sales of goods and services decreased to RMB 1,088.47 million in 2022 from RMB 2,065.13 million in 2021, a decline of 47.3%[174] - Total operating cash inflow dropped to RMB 1,200.59 million in 2022 from RMB 2,392.39 million in 2021, a decrease of 49.8%[174] - Net cash flow from operating activities fell to RMB 313.44 million in 2022 from RMB 826.83 million in 2021, a decrease of 62.1%[174] - Net cash flow from investing activities was negative RMB 211.72 million in 2022, compared to negative RMB 172.42 million in 2021[175] - Net cash flow from financing activities was negative RMB 393.80 million in 2022, compared to negative RMB 286.83 million in 2021[175] - Total cash and cash equivalents decreased by RMB 292.08 million in 2022, compared to an increase of RMB 367.58 million in 2021[175] - Parent company's operating cash flow from sales of goods and services increased to RMB 1,438.12 million in 2022 from RMB 1,246.58 million in 2021, a growth of 15.4%[177] - Parent company's net cash flow from operating activities decreased to RMB 109.59 million in 2022 from RMB 449.97 million in 2021, a decline of 75.6%[177] - Parent company's net cash flow from investing activities was negative RMB 132.96 million in 2022, compared to negative RMB 139.24 million in 2021[177] - Parent company's net cash flow from financing activities was negative RMB 176.85 million in 2022, compared to negative RMB 45.68 million in 2021[177] - Total owner's equity at the end of 2022 was RMB 1,807,670,312.49, a decrease of RMB 326,593,588.75 compared to the beginning of the year[182] - Comprehensive income for 2022 was a loss of RMB 298,095,540.27, contributing to the decrease in owner's equity[182] - Retained earnings decreased by RMB 293,510,307.46, reflecting the company's financial performance in 2022[182] - The company's total equity at the beginning of 2022 was RMB 2,134,263,901.24[182] - In 2021, the company's comprehensive income was RMB 115,837,656.37, with a minority interest increase of RMB 7,806,335.59[184] - The company's total owner's equity at the end of the period was RMB 1,652,312,465.75, a decrease of RMB 224,424,915.46 compared to the beginning of the period[190] - The comprehensive income for the period was a loss of RMB 224,424,915.46, primarily due to a decrease in other comprehensive income of RMB 4,585,232.81 and a decrease in undistributed profits of RMB 219,839,682.65[190] - The company's total owner's equity at the end of 2021 was RMB 1,876,737,381.21, an increase of RMB 238,030,587.78 compared to the beginning of the year[191] - The comprehensive income for 2021 was a gain of RMB 238,030,587.78, primarily due to an increase in other comprehensive income of RMB 21,128,521.59 and an increase in undistributed profits of RMB 216,902,066.19[191] Dividends and Profit Distribution - The company's cumulative distributable profit at the end of 2022 was -1,659,915,228.89 yuan, leading to no cash dividends, stock dividends, or capital reserve conversion[5] Audit and Financial Reporting - The audit report issued by Zhong Shen Zhong Huan Certified Public Accountants was a qualified opinion[4] - The company's 2022 financial statements received a qualified audit opinion due to insufficient audit evidence regarding the operating results and cash flows of Shenzhen Hengbo from July to December 2021[146][148] - The company's board of directors expressed understanding and no objection to the qualified opinion audit report issued by Zhonghuan Certified Public Accountants[114] - The company renewed its contract with Zhonghuan Certified Public Accountants for the 2022 financial report and internal control audit, with a fee of 1.3 million yuan for financial report auditing and 600,000 yuan for internal control auditing[117] - The financial statements are prepared on a going concern basis and follow the accrual basis of accounting, with historical cost as the primary measurement basis[194] - The company's financial statements comply with the Chinese Accounting Standards and the disclosure requirements of the China Securities Regulatory Commission[197] - The company's accounting period follows the calendar year, from January 1 to December 31[198] - The company's normal operating cycle is 12 months, which is used as the standard for classifying assets and liabilities by liquidity[199] - The functional currency of the company and its domestic subsidiaries is the Chinese Yuan (RMB), and the financial statements are prepared in RMB[200] Corporate Governance and Compliance - The company did not have any non-operational fund occupation by controlling shareholders or related parties[7] - The company did not violate any decision-making procedures in providing external guarantees[8] - The company did not have more than half of its directors unable to guarantee the authenticity, accuracy, and completeness of the annual report[9] - The company's board of directors held 3 meetings in 2022, with all members attending at least 2 meetings in person or via teleconference[81] - The company's audit committee held 3 meetings in 2022, reviewing annual and quarterly reports[85] - The company's board of directors approved various reports and plans, including the 2021 annual report, 2022 financing plan, and a three-year dividend return plan (2021-2023)[80] - The company faced regulatory penalties in 2020 and 2022, including a reprimand from the Shanghai Stock Exchange and a warning from the Hubei Securities Regulatory Bureau[78] - The company received a warning from the Hubei Securities Regulatory Bureau due to inaccurate disclosure of non-GAAP net profit in the 2021 performance forecast[125] - The company's actual controller has a significant amount of debt that has not been repaid, affecting the company's credit status[126] - The company disclosed its 2022 Social Responsibility Report alongside the annual report, available on the Shanghai Stock Exchange website[106] R&D and Innovation - R&D expenses increased by 35.21% to 81.78 million yuan in 2022[41] - R&D investment in 2022 was 81.78 million yuan, accounting for 4.33% of total revenue[47] - The company has 168 R&D personnel, accounting for 10.71% of the total workforce[48] - R&D personnel are primarily aged 40-50 (72 people) and 50-60 (71 people)[48] - The company conducted 13 R&D projects in 2022, focusing on high-quality development of float glass[49] - R&D expenses increased to 81,780,305.10 RMB in 2022 from 60,481,922.02 RMB in 2021, reflecting a 35.2% growth in investment[169] Environmental and Safety Investments - Environmental protection investment in 2022 was 90.49 million yuan, with the qualified operation days rate increasing by 2.67 percentage points[34] - Safety production investment in 2022 was 9.74 million yuan, with no major safety or environmental accidents occurring throughout the year[34] - The company invested a total of 94.09 million yuan in environmental protection in 2022, including 52.29 million yuan in operational costs and 41.8 million yuan in technical upgrades[95][97] - In 2022, the company's total emissions were 780.628 tons of sulfur dioxide, 1,432.264 tons of nitrogen oxides, and 35.504 tons of particulate matter, with sulfur dioxide and nitrogen oxides increasing by 70.192 tons and 185.529 tons respectively compared to the previous year, while particulate matter decreased by 3.661 tons[96] - The company implemented 6 special emission limit periods in 2022, totaling 21 days, as part of its environmental protection measures[96] - The company completed a 25.47488 million yuan environmental upgrade project for the float glass production line (Line 2) in 2022[97] - The company conducted 6 emergency responses for heavy pollution weather in 2022, lasting a total of 21 days, resulting in an annual emission reduction of 53.9 tons[104] - The company's float glass production lines (Lines 1-5) have all passed environmental impact assessments and are equipped with pollution prevention facilities[99] - The company organized specialized emergency drills and training in 2022 to improve environmental incident response capabilities[102] - The company conducted quarterly environmental monitoring in 2022, with third-party testing conducted 4 times to support environmental tax compliance[103] - The company submitted timely reports on pollutant discharge permits and online monitoring data in 2022, ensuring compliance with environmental regulations[103] - The company transferred a total of 34 tons of hazardous waste in 2022, categorized into three types, and implemented standardized disposal of general waste such as waste plastics and used desulfurization dust removal bags[105] - The company reduced carbon dioxide equivalent emissions by 24,995 tons in 2022 through measures including the development of a carbon peak and neutrality target plan for 2030, and the initiation of a rooftop photovoltaic power generation project[105] - The company's 2021 carbon emissions verification total was 828,206 tons, with a quota of 844,253 tons, resulting in a surplus of 16,047 tons. The 2022 budgeted carbon emissions total is 803,211 tons (unverified)[105] Market and Sales Performance - The company's glass manufacturing and processing industry revenue was 1.84 billion yuan, a decrease of 39.92% year-on-year, with a gross profit margin of -4.77%, a decrease of 43.13 percentage points year-on-year[43] - Production volume of flat glass was 2.44 million weight boxes, an increase of 3.11% year-on-year, while sales volume was 2.32 million weight boxes, a decrease of 0.58% year-on-year[44] - Top 5 customers accounted for 22.10% of total annual sales, totaling 417.35 million yuan[47] - Top 5 suppliers accounted for 49.41% of total annual procurement, totaling 964.20 million yuan[47] - The company's Low-E coated glass market successfully opened up, and the marketing strategy was adjusted to ensure the needs of major customers in the regional market[32] - The company plans to produce 24.8 million weight cases of flat glass, an increase of 1.803 million weight cases year-over-year, with a first-grade product rate of 90.84%, up by 0.94 percentage points[65] - The subsidiary Jinjing New Materials plans to produce 18 million square meters of Low-E coated glass, consuming 20% of flat glass raw materials, with a superior product rate of over 95%[65] - The subsidiary Xinjiang Puyao aims to produce 2.55 million weight cases of flat glass and 1 million square meters of Low-E coated glass, with sales revenue exceeding 250 million yuan[65] - The company targets flat glass sales of over 20 million weight cases with a sales price range of 85-100 yuan per weight case, projecting annual sales revenue of over 1.84 billion yuan[65] - Low-E coated glass sales are projected at 18 million square meters with a sales price range of 25-33 yuan per square meter, aiming for annual sales revenue of over 500 million yuan[65] Financial Risks and Liabilities - Non-current liabilities increased by 81.44% to 440.43 million yuan due to long-term loans[52] - Restricted assets totaled 2.17 billion yuan, including 1.42 billion yuan in fixed assets used as collateral for loans[54] - The company holds equity investments in Guangfa Bank, Hubei Bank, and Dangyang Guoxin Guarantee, with a total book value of 124.63 million yuan[57] - The company's deferred tax assets based on deductible tax losses amounted to 161.232 million yuan, which is significant and relies on future taxable income[151] - Total liabilities increased to 1,868,059,005.05 RMB in 2022, up from 1,627,391,421.86 RMB in 2021[165] - Long-term loans increased to 185,800,000.00 RMB in 2022 from 0 RMB in 2021[165] - Short-term borrowings decreased to 305,756,490.27 RMB in 2022 from 565,369,077.89 RMB in 2021[167] - Deferred income increased to 84,365,635.23 RMB in 2022 from 42,393,122.48 RMB in 2021[165] - Total equity decreased to 1,807,670,312.49 RMB in 2022 from 2,134,263,901.24 RMB in 2021[165] - The company faces risks from fluctuating raw material costs, particularly for fuel, soda ash, and silica sand, which account for a significant portion of production costs[67] - Increasing environmental protection costs pose a risk as stricter regulations and standards are implemented, requiring higher compliance investments[67] - The company's actual controller has 100% of shares pledged, frozen, and partially auctioned, leading to a risk of control change[67] - Total guarantee amount (including guarantees for subsidiaries) is RMB 2,081.024 million, accounting for 12.42% of the company's net assets[130] - Guarantee balance for subsidiaries at the end of the reporting period is RMB 466 million[130] Shareholder and Ownership Structure - Total number of ordinary shareholders at the end of the reporting period is 53,530[136] - The largest shareholder, Shenzhen Qianhai Jiahao Investment Partnership, holds 95,438,680 shares, representing 8.23% of total shares[137] - The second largest shareholder, Dangyang Construction Investment Holding Group, holds 65,581,208 shares, representing 5.65% of total shares[137] - The third largest shareholder, Hainan Zongxuanda Industrial Investment, holds 64,674,550 shares, representing 5.49% of total shares[137] - The fourth largest shareholder, Dangyang Guozhong'an Investment, holds 55,371,600 shares, representing 4.77% of total shares[137] - The fifth largest shareholder, Hualong Securities-Pudong Development Bank Tianjin Branch-Hualong Securities Pledge Treasure No. 8, holds 52,000,000 shares, representing 4.48% of total shares[137] - The sixth largest shareholder, Xu Xizhong, holds 51,387,072 shares, representing 4.43% of total shares[137] - The seventh largest shareholder,

Financial Performance - The company's operating revenue for Q1 2023 was CNY 407,329,402.06, representing a decrease of 0.50% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 80,234,200.88, a decline of 244.80% year-on-year[4] - Basic and diluted earnings per share were both CNY -0.07, reflecting a decrease of 240.00% year-on-year[4] - The company reported a net loss of RMB 1,740,149,429.77 in the first quarter of 2023, compared to a net loss of RMB 1,659,915,228.89 in the previous period[12] - Total operating revenue for Q1 2023 was ¥407,329,402.06, a decrease of 0.4% compared to ¥409,396,708.09 in Q1 2022[14] - Net profit for Q1 2023 was a loss of ¥87,573,027.58, compared to a profit of ¥56,901,645.30 in Q1 2022, indicating a substantial decline[15] - The net profit for the first quarter of 2023 was a loss of CNY 56,978,410.20, compared to a profit of CNY 53,852,201.04 in the first quarter of 2022, indicating a significant decline in profitability[25] - Total comprehensive income for Q1 2023 was a loss of ¥87,573,027.58, compared to a profit of ¥56,901,645.30 in Q1 2022[15] Cash Flow - The net cash flow from operating activities was negative at CNY 83,448,549.34, down 304.04% compared to the previous year[4] - The net cash flow from operating activities for Q1 2023 was a negative ¥83,448,549.34, down from a positive ¥40,898,057.40 in Q1 2022[18] - The company reported a net cash flow from investment activities of -CNY 38,889,085.00, compared to a positive cash flow of CNY 20,268,485.79 in Q1 2022[26] - The net cash flow from financing activities improved to CNY 2,591,921.20 from -CNY 8,651,700.20 in Q1 2022[26] - The company received CNY 46,901,059.30 in other operating cash, significantly higher than CNY 7,836,906.14 in Q1 2022, marking an increase of 497%[26] - Total cash outflow from operating activities was CNY 248,837,566.56, down 30.8% from CNY 359,881,511.78 in the previous year[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,734,112,516.97, an increase of 1.59% from the end of the previous year[4] - The company's total assets as of March 31, 2023, amounted to CNY 3,191,866,942.76, an increase from CNY 3,087,636,039.93 as of December 31, 2022, reflecting a growth of approximately 3.37%[21] - The total liabilities increased to RMB 2,014,369,549.71 from RMB 1,868,059,005.05, representing a rise of approximately 7.81%[12] - The company's total current liabilities increased to CNY 1,202,208,222.21 as of March 31, 2023, from CNY 1,039,760,111.01 at the end of 2022, marking an increase of approximately 15.6%[23] - The total liabilities of the company reached CNY 1,596,532,887.21 as of March 31, 2023, compared to CNY 1,435,323,574.18 at the end of 2022, representing an increase of approximately 11.3%[23] - The company's total liabilities to total assets ratio stands at approximately 53.9%, indicating a relatively high leverage position[12] Research and Development - The company's R&D expenses increased by 93.03% due to higher investment in research and development activities[6] - Research and development expenses rose to ¥9,842,044.75 in Q1 2023, up from ¥5,098,708.52 in Q1 2022, reflecting a 93.5% increase[14] - Research and development expenses for the first quarter of 2023 were CNY 9,842,044.75, compared to CNY 5,098,708.52 in the first quarter of 2022, showing an increase of about 93.5%[25] Inventory and Receivables - Accounts receivable rose by 45.49% as a result of increased credit sales during the period[6] - Accounts receivable rose significantly to RMB 131,170,818.95, compared to RMB 90,156,614.71 at the end of 2022, marking an increase of around 45.5%[11] - The company's inventory increased to RMB 267,877,237.92 from RMB 234,239,902.01, indicating a growth of about 14.4%[11] - The inventory level decreased to CNY 79,214,041.13 as of March 31, 2023, from CNY 103,265,391.58 at the end of 2022, indicating a reduction of about 23.3%[21] Operating Costs - The company experienced a 40.98% increase in operating costs due to rising raw material prices[6] - Total operating costs increased significantly to ¥496,473,482.00 in Q1 2023 from ¥357,645,919.46 in Q1 2022, representing an increase of 38.8%[14]

Financial Performance - In 2022, the company reported a net profit of -293,510,307.46 RMB, a decrease of 425.43% compared to the previous year's profit of 90,190,308.30 RMB[5]. - The total operating revenue for 2022 was 1,888,882,047.30 RMB, representing a decline of 39.24% from 3,108,551,977.05 RMB in 2021[23]. - The net cash flow from operating activities decreased by 62.09%, amounting to 313,440,998.14 RMB compared to 826,828,864.97 RMB in 2021[23]. - The company's net profit attributable to shareholders was -219.44 million CNY in Q4 2022, with a total annual net profit of -345.93 million CNY[25]. - The company achieved an annual revenue of approximately 1.89 billion CNY, with quarterly revenues of 409.40 million CNY, 527.43 million CNY, 508.09 million CNY, and 443.96 million CNY respectively[25]. - The company’s weighted average return on equity decreased to -16.09% in 2022, down from 4.71% in 2021, reflecting a significant decline in profitability[24]. - The company reported a basic earnings per share of -0.25 CNY, a decrease of 412.5% compared to 0.08 CNY in 2021[24]. - The company reported a significant decline in operating cash flow due to a sharp drop in product prices and rising material costs[50]. Assets and Liabilities - The company's total assets at the end of 2022 were 3,675,729,317.54 RMB, a decrease of 2.28% from 3,761,655,323.10 RMB in 2021[23]. - The net assets attributable to shareholders decreased by 15.01%, totaling 1,676,273,844.80 RMB at the end of 2022[23]. - The company's current assets decreased by 11.44% from the previous year, totaling CNY 1,081.42 million[52]. - Non-current assets increased by 2.11% year-on-year, amounting to CNY 2,594.31 million[52]. - Total liabilities increased by 3.10% for current liabilities, reaching CNY 1,427.63 million[52]. - The company's equity decreased to CNY 1,807,670,312.49 from CNY 2,134,263,901.24, indicating a decline of approximately 15.29%[166]. - The total liabilities of the company were reported at CNY 1,366,404,921.43, which is a critical factor in assessing the company's leverage and financial health[190]. Dividends and Shareholder Information - The company plans not to distribute cash dividends or bonus shares for the year 2022 due to negative distributable profits[5]. - The number of ordinary shareholders increased from 51,666 to 53,530 during the reporting period[137]. - The company has a total of 103,423,072 shares at the beginning of the year, which decreased to 51,423,072 shares by year-end, indicating a substantial reduction in shareholding[71]. - The actual controller, Xu Xizhong, holds and controls 170,433,222 shares, accounting for 14.69% of the total share capital[139]. - The first major shareholder, Shenzhen Qianhai Jiahao Investment Partnership, holds 95,438,680 shares, representing 8.23% of the total share capital[142]. Operational Developments - The company launched a new production line for single silver coated glass with an annual capacity of 9 million square meters, which commenced production on July 24, 2022[32]. - The distributed photovoltaic power generation project achieved an annual average power generation of 21.94 million kWh, contributing an additional revenue of 4.388 million CNY annually[33]. - The company focused on inventory reduction and cash flow stability, successfully adjusting marketing strategies to meet regional market demands[32]. - The company produced 2.436 million heavy boxes of flat glass, with a slight increase in production volume of 3.11% year-on-year[44]. - The sales volume of flat glass was 2.325 million heavy boxes, showing a minor decline of 0.58% year-on-year[44]. Research and Development - Research and development expenses increased by 35.21% to CNY 81.78 million, reflecting a focus on innovation[41]. - The company has established a close collaboration with Wuhan University of Technology and Three Gorges University for R&D projects[49]. - Total R&D expenditure was CNY 81.78 million, which is 4.33% of operating revenue[49]. - The company employed 168 R&D personnel, making up 10.71% of the total workforce[48]. Environmental and Social Responsibility - The company invested CNY 90.49 million in environmental upgrades, resulting in a 2.67 percentage point increase in operational compliance days[34]. - The total emissions for 2022 included 780.628 tons of sulfur dioxide and 1,432.264 tons of nitrogen oxides, with a year-on-year increase of 70.192 tons and 185.529 tons respectively[96]. - The company has established a rooftop photovoltaic power generation project in 2022 to enhance the use of clean energy[105]. - The company provided a total of 315,557.40 RMB in support for employee welfare and rural consumption poverty alleviation during the reporting period[107]. - The company disclosed its 2022 Social Responsibility Report alongside its annual report, emphasizing its commitment to sustainable development[106]. Legal and Regulatory Issues - The company faced significant litigation issues, including a contract dispute resulting in the freezing of 11,128,680 shares[120]. - The company has ongoing litigation involving a claim for 56,000,000 RMB related to a stock transfer dispute[124]. - The actual controller of the company, Xu Xizhong, was criminally detained for loan fraud in November 2020, and the case is still under review[126]. - The company is currently under scrutiny for its financial disclosures and the integrity of its financial reporting practices[126]. - The company has acknowledged the existence of substantial personal debts owed by its actual controller[127]. Audit and Financial Reporting - The company has received a qualified audit opinion from its accounting firm, indicating potential issues that investors should be aware of[4]. - The audit opinion includes a reservation due to the inability to obtain sufficient audit evidence regarding the operating results and cash flows of Shenzhen Hengbo for the second half of 2021[149]. - The audit report emphasizes the importance of management's judgments and estimates in the financial statements[154]. - The financial statements are prepared based on the assumption of going concern, following the relevant accounting standards[196]. - The financial report highlights the experience of key executives, including the financial director Liu Yimin, who has a background as a registered accountant and senior business manager[72].

Financial Performance - The company reported a net profit of -293,510,307.46 RMB for 2022, a decrease of 425.43% compared to a net profit of 90,190,308.30 RMB in 2021[5]. - Operating revenue for 2022 was 1,888,882,047.30 RMB, representing a decline of 39.24% from 3,108,551,977.05 RMB in 2021[23]. - The net cash flow from operating activities decreased by 62.09%, amounting to 313,440,998.14 RMB in 2022 compared to 826,828,864.97 RMB in 2021[23]. - The company's net profit attributable to shareholders for Q1 2022 was 55.41 million CNY, but turned negative in subsequent quarters, reaching -219.44 million CNY in Q4[25]. - The basic earnings per share for 2022 was -0.25 CNY, a decrease of 412.5% compared to 0.08 CNY in 2021[24]. - The diluted earnings per share for 2022 was also -0.25 CNY, reflecting the same percentage decrease as the basic earnings per share[24]. - The company reported a significant decline in the weighted average return on net assets, dropping to -16.09% in 2022 from 4.71% in 2021, a decrease of 20.80 percentage points[24]. - The net profit for the year was a loss of CNY 294 million, representing a decline of 425.43% compared to the previous year[39]. - The comprehensive income total for 2022 was CNY -328,669,906.58, a stark contrast to CNY 137,732,368.34 in 2021, reflecting overall financial challenges[171]. Assets and Liabilities - The total assets of the company as of the end of 2022 were 3,675,729,317.54 RMB, a decrease of 2.28% from 3,761,655,323.10 RMB at the end of 2021[23]. - The company's net assets attributable to shareholders decreased by 15.01%, totaling 1,676,273,844.80 RMB at the end of 2022 compared to 1,972,385,878.65 RMB at the end of 2021[23]. - Current assets at the end of the reporting period were CNY 1,081.42 million, down 11.44% from the previous period[52]. - Non-current assets increased by 2.11% to CNY 2,594.31 million compared to the previous period[52]. - Total liabilities increased by 3.10% to CNY 1,427.63 million, with non-current liabilities rising significantly by 81.44% to CNY 440.43 million[52]. - The company's total equity decreased by 15.30% to CNY 1,807.67 million compared to the previous period[52]. - The total liabilities for 2022 amounted to CNY 1,435,323,574.18, slightly down from CNY 1,439,538,407.25 in 2021[170]. - The total equity decreased to CNY 1,652,312,465.75 in 2022 from CNY 1,876,737,381.21 in 2021, indicating a decline in shareholder value[170]. Cash Flow - The net cash flow from operating activities in Q4 2022 was 285.08 million CNY, indicating a strong recovery in cash flow management[25]. - The company's cash flow from operating activities decreased year-on-year due to a significant drop in product sales prices and a rise in procurement costs[50]. - The company reported a net cash outflow from investing activities of approximately ¥211.72 million in 2022, compared to a net outflow of ¥172.42 million in 2021[176]. - The total cash and cash equivalents at the end of 2022 were ¥107,819,102.68, down from ¥308,036,776.70 at the end of 2021[178]. - The company experienced a net decrease in cash and cash equivalents of ¥200,217,674.02 in 2022, contrasting with an increase of ¥265,055,723.39 in 2021[178]. Research and Development - Research and development expenses increased by 35.21% to CNY 81.78 million, reflecting a focus on innovation and technology improvement[41]. - The company employed 168 R&D personnel, making up 10.71% of the total workforce[48]. - Research and development (R&D) expenses totaled CNY 81.78 million, which is 4.33% of operating revenue[49]. - The company is focusing on enhancing its research and development capabilities to innovate and improve existing products[187]. Environmental and Social Responsibility - The company invested CNY 90.49 million in environmental upgrades, resulting in a 2.67 percentage point increase in operational compliance days[34]. - The total emissions for 2022 included 780.628 tons of sulfur dioxide and 1,432.264 tons of nitrogen oxides, with a year-on-year increase of 70.192 tons and 185.529 tons respectively[96]. - The company implemented carbon reduction measures, achieving a reduction of 24,995 tons of CO2 equivalent emissions, and established a plan for carbon peak and carbon neutrality by 2030[105]. - The company provided 150,000 RMB in support for rural consumption poverty alleviation and infrastructure development in several villages[107]. - The company disclosed its 2022 Social Responsibility Report alongside its annual report, emphasizing its commitment to sustainable development[106]. Governance and Management - The company has received a qualified audit opinion from its accounting firm, indicating potential issues that investors should be aware of[4]. - The company has established specialized committees within the board, including an audit committee and a strategic committee, to enhance governance[83]. - The company’s independent directors bring diverse expertise from various sectors, enhancing governance and strategic decision-making[72]. - The company has not reported any mergers or acquisitions during the reporting period, maintaining its current operational structure[72]. - The management emphasized the importance of strategic acquisitions to bolster market position and drive future growth[187]. Market and Future Outlook - The company plans to produce 24.8 million heavy boxes of flat glass, an increase of 1.803 million heavy boxes year-on-year, with a first-class product rate of 90.84%, up by 0.94 percentage points[65]. - The company anticipates a stable market demand in 2023, but warns of potential risks if real estate policies are not effectively implemented[63]. - The company plans to expand its investment in a Low-E coated glass production line as part of its future strategy[79]. - The company has set a target for revenue growth of approximately 10% for the next fiscal year, driven by new product launches and market expansion strategies[187]. Legal and Regulatory Issues - The company faced significant litigation issues, including a contract dispute resulting in the freezing of 11,128,680 shares of its stock[120]. - The company has ongoing litigation involving a claim for 56,893,613.45 RMB related to a loan repayment obligation[122]. - The actual controller of the company, Xu Xizhong, was criminally detained for loan fraud in November 2020, and the case is still under review[126]. - The company has been subject to administrative regulatory measures due to inaccurate information disclosure[126].

Financial Performance - The company's operating revenue for Q3 2022 was ¥508,086,384.15, a decrease of 35.61% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥109,144,913.57, representing a decline of 147.03% year-on-year[4]. - The net cash flow from operating activities was -¥35,480,157.47, down 124.12% compared to the previous year[4]. - Basic earnings per share were -¥0.09, a decrease of 145.00% from the same period last year[5]. - Total operating revenue for the first three quarters of 2022 was CNY 1,444,917,841.90, a decrease from CNY 2,205,707,944.12 in the same period of 2021, representing a decline of approximately 34.5%[18]. - The net profit for the third quarter of 2022 was a loss of CNY 87,593,654.98, compared to a profit of CNY 142,934,611.02 in the same quarter of 2021, reflecting a significant decline[20]. - The company reported a total comprehensive loss of CNY 87,593,654.98 for the third quarter of 2022, compared to a comprehensive income of CNY 141,231,557.66 in the same quarter of 2021[21]. - The company reported a net loss of ¥46,676,720.13 for the first three quarters of 2022, contrasting with a profit of ¥614,042,885.36 in the same period of 2021[27]. - The company reported a total comprehensive income of -47,099,420.70 RMB for Q3 2022, compared to 559,160,650.17 RMB in Q3 2021, highlighting a substantial loss[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,924,019,683.83, an increase of 4.32% from the end of the previous year[5]. - As of September 30, 2022, the company's total assets amounted to RMB 3,924,019,683.83, an increase from RMB 3,761,655,323.10 at the end of 2021, reflecting a growth of approximately 4.33%[14]. - The total liabilities as of the third quarter of 2022 amounted to CNY 1,877,349,437.57, an increase from CNY 1,627,391,421.86 in the previous year[19]. - The total liabilities as of September 30, 2022, amounted to ¥1,450,539,294.52, slightly up from ¥1,439,538,407.25 at the end of 2021[26]. - The total equity attributable to shareholders of the parent company was CNY 1,898,315,298.14, down from CNY 1,972,385,878.65 in the same period of 2021, indicating a decrease of about 3.8%[19]. - The total equity decreased to ¥1,829,637,960.51 as of September 30, 2022, from ¥1,876,737,381.21 at the end of 2021, indicating a decline of 2.5%[27]. Cash Flow - The net cash flow from operating activities for Q3 2022 was ¥28,363,533.60, a significant decrease from ¥234,224,768.97 in Q3 2021, representing an 87.9% decline[23]. - Cash inflows from operating activities for the first three quarters of 2022 totaled CNY 1,065,038,936.26, down from CNY 1,585,307,590.03 in the same period of 2021, a decrease of approximately 32.7%[22]. - The net cash flow from operating activities was -58,529,093.85 RMB for the first nine months of 2022, compared to a positive cash flow of 149,878,713.91 RMB in the same period of 2021[31]. - The total cash inflow from financing activities in the first nine months of 2022 was 315,550,800.00 RMB, compared to 481,372,750.00 RMB in the same period of 2021, showing a decline of 34.5%[31]. - The company experienced a cash outflow of 180,071,000.00 RMB related to financing activities in the first nine months of 2022, compared to only 2,035,903.52 RMB in the same period of 2021, indicating a significant increase in financing costs[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,074[10]. - The top shareholder, Shenzhen Qianhai Jiahua Investment Partnership, held 95,438,680 shares, accounting for 8.23% of the total shares[11]. Operational Insights - The decline in operating revenue and net profit was primarily due to a significant drop in product sales prices and a reduction in the scope of consolidation[9]. - The company received government subsidies amounting to ¥1,071,053.33 during the reporting period[7]. - The company has not disclosed any new product developments or market expansion strategies in the provided documents[13]. - There are no significant mergers or acquisitions mentioned in the current report, indicating a focus on internal growth and asset management[13]. Inventory and Expenses - Inventory levels rose to RMB 272,169,145.67, compared to RMB 186,440,237.43, marking an increase of around 45.96%[15]. - Research and development expenses for the first three quarters of 2022 were ¥78,572,035.69, a decrease of 4.0% compared to ¥82,158,772.00 in the same period of 2021[27]. - The company's financial expenses for the third quarter of 2022 were CNY 15,367,963.26, significantly reduced from CNY 73,769,204.77 in the same quarter of 2021, indicating a decrease of about 79.2%[19].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥936.83 million, a decrease of 33.87% compared to ¥1.42 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥35.07 million, a significant increase of 132.94% from a loss of ¥106.48 million in the previous year[19]. - The basic earnings per share for the first half of 2022 was ¥0.03, compared to a loss of ¥0.09 per share in the same period last year, representing a 133.33% improvement[19]. - The weighted average return on equity increased by 7.66 percentage points to 1.76% from -5.90% in the previous year[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥28.49 million, an increase of 126.91% from a loss of ¥105.88 million in the previous year[19]. - The total comprehensive income for the first half of 2022 was ¥32,491,464.43, contrasting with a total comprehensive loss of ¥99,244,384.64 in the previous year[95]. - The company reported a gross profit margin of approximately 3.0% for the first half of 2022, compared to a negative margin in the previous year[93]. - The net loss for the period was CNY 1,411,029,114.90, an improvement from a loss of CNY 1,452,604,679.84 in the previous period[91]. Cash Flow and Assets - The net cash flow from operating activities for the first half of 2022 was approximately ¥63.84 million, down 26.75% from ¥87.15 million in the same period last year[19]. - The total assets at the end of the reporting period were approximately ¥3.81 billion, an increase of 1.36% from ¥3.76 billion at the end of the previous year[19]. - The cash inflow from operating activities totaled ¥730,181,907.97, down 18.67% from ¥897,940,366.25 year-on-year[100]. - Cash outflow from operating activities was ¥666,338,216.90, a reduction of 17.77% compared to ¥810,787,367.80 in the previous year[100]. - The ending cash and cash equivalents balance was ¥188,499,667.09, a decrease from ¥108,051,604.64 in the same period last year[100]. - Current assets decreased to RMB 1,178,269,530.15 from RMB 1,221,071,164.03, reflecting a decline of approximately 3.5%[87]. - Inventory increased significantly to RMB 373,784,240.26, up from RMB 186,440,237.43, representing a growth of about 100.5%[87]. - The company’s total liabilities amounted to CNY 1,646,245,030.46, showing a slight increase from CNY 1,627,391,421.86 in the previous period[88]. Investments and Subsidiaries - The company invested 100 million RMB in its wholly-owned subsidiary, Jin Jing New Materials, to build two new Low-E coating glass production lines[28]. - The subsidiary Jin Jing New Materials reported total assets of CNY 105.04 million and a net profit of CNY 0.93 million for the reporting period[36]. - The subsidiary Xia Guang Glass achieved total assets of CNY 520.97 million but reported a net loss of CNY 2.85 million during the reporting period[37]. - Xinjiang Puyao generated revenue of CNY 84.95 million and a net profit of CNY 9.89 million for the reporting period[37]. - The company has six subsidiaries included in the consolidated financial statements as of June 30, 2022, ensuring a diversified operational base[115]. Environmental and Regulatory Compliance - The company faced risks related to raw material price fluctuations, particularly for pure soda, which significantly impacts cost control[40]. - Environmental costs are expected to rise due to stricter regulations and standards imposed by various environmental authorities[41]. - The company reported a total emission of 425.329 tons of sulfur dioxide and 784.875 tons of nitrogen oxides in the first half of 2022, with an increase in sulfur dioxide emissions compared to the previous year[51]. - The company invested over CNY 53 million in environmental protection in the first half of 2022, including CNY 12 million for boiler upgrades[52]. - The company completed the environmental upgrade project for the float glass production line three on June 28, 2022, receiving a government subsidy of 12 million yuan[60]. - The company has reported no administrative penalties related to environmental issues during the reporting period[58]. Shareholder Information - The company has 49,890 common stock shareholders as of the end of the reporting period[78]. - The largest shareholder, Shenzhen Qianhai Jiahua Investment Partnership, holds 95,438,680 shares, representing 8.23% of total shares, with shares frozen[79]. - The second-largest shareholder, Dongyang Construction Investment Holding Group, holds 65,581,208 shares, representing 5.65% of total shares[79]. - The company has not experienced any changes in total shares or capital structure during the reporting period[78]. Accounting and Financial Reporting - The company adheres to the enterprise accounting standards, ensuring that financial statements accurately reflect its financial position, operating results, changes in shareholders' equity, and cash flows[119]. - The accounting period for the company is based on the calendar year, running from January 1 to December 31[120]. - The company uses Renminbi as its functional currency for accounting purposes, reflecting the primary economic environment in which it operates[122]. - The company recognizes impairment losses for financial assets measured at amortized cost and those measured at fair value through other comprehensive income[147]. - The company recognizes expected liabilities when obligations meet specific criteria, including the likelihood of economic outflow and reliable measurement[195].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 409,396,708.09, representing a decrease of 24.71% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 55,410,518.81, down 8.18% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 49,034,488.25, a decrease of 21.18%[5] - Total operating revenue for Q1 2022 was ¥409,396,708.09, a decrease of 24.7% compared to ¥543,761,592.86 in Q1 2021[17] - Net profit for Q1 2022 was ¥56,901,645.30, a decline of 10.3% from ¥63,454,323.62 in Q1 2021[18] - Operating profit for Q1 2022 was ¥57,869,323.14, compared to ¥65,549,451.14 in Q1 2021, reflecting a decrease of 11.4%[17] - The total comprehensive income for Q1 2022 was ¥56,901,645.30, down from ¥64,720,431.80 in Q1 2021[18] Cash Flow and Assets - The net cash flow from operating activities increased by 150.13% to CNY 40,898,057.40[5] - Cash flow from operating activities for Q1 2022 was ¥40,898,057.40, significantly up from ¥16,350,819.51 in Q1 2021[21] - Cash and cash equivalents increased to RMB 568,603,747.34 from RMB 512,144,689.34, reflecting a rise of approximately 11.01%[14] - Cash and cash equivalents at the end of Q1 2022 totaled ¥424,543,850.65, compared to ¥77,161,104.11 at the end of Q1 2021[22] - The company's current assets totaled RMB 1,389,813,030.36, up from RMB 1,221,071,164.03 at the end of 2021, indicating an increase of about 13.83%[14] - Total assets at the end of the reporting period were CNY 3,952,767,006.01, an increase of 5.08% from the end of the previous year[5] Liabilities and Equity - Total liabilities reached RMB 1,761,601,459.47, compared to RMB 1,627,391,421.86 at the end of 2021, showing an increase of about 8.23%[15] - The equity attributable to shareholders increased by 2.81% to CNY 2,027,796,397.46[5] - The company's equity attributable to shareholders rose to RMB 2,027,796,397.46 from RMB 1,972,385,878.65, reflecting an increase of approximately 2.83%[15] Expenses and Subsidies - Research and development expenses decreased by 74.63% due to lower consumption in ongoing projects[7] - Research and development expenses in Q1 2022 were ¥5,098,708.52, down 74.7% from ¥20,096,854.47 in Q1 2021[17] - Sales expenses for Q1 2022 were ¥2,542,811.37, a decrease of 78.0% compared to ¥11,543,240.54 in Q1 2021[17] - The company received government subsidies that increased other income by 393.41%[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,925[10]

Financial Performance - In 2021, the company achieved a revenue of CNY 3,108,551,977.05, representing a 20.59% increase compared to CNY 2,577,683,736.40 in 2020[21] - The net profit attributable to shareholders was CNY 90,190,308.30, a significant turnaround from a net loss of CNY 2,064,777,371.69 in the previous year, marking a 104.37% improvement[21] - The operating cash flow increased by 190.98% to CNY 826,828,864.97 from CNY 284,157,582.38 in 2020[21] - The company reported a net profit excluding non-recurring gains and losses of CNY 375,601,923.59, compared to a loss of CNY -2,060,538,316.26 in 2020, reflecting an improvement of 118.23%[21] - In 2021, the company achieved a basic earnings per share of CNY 0.08, a significant increase of 104.49% compared to a loss of CNY 1.78 in 2020[22] - The company reported a weighted average return on equity of 4.71%, an increase of 76.32 percentage points from -71.61% in 2020[22] - The company’s total assets decreased by 19.81% to CNY 3,761,655,323.10 from CNY 4,690,962,714.89 in 2020[21] - The net assets attributable to shareholders increased by 6.24% to CNY 1,972,385,878.65 from CNY 1,856,548,222.28 in 2020[21] - The company’s total liabilities decreased by 44.47% to RMB 1,627,391,421.86, also influenced by the disposal of Hengbo Company[53] Strategic Focus and Business Development - The company plans not to distribute cash dividends or bonus shares for 2021 due to negative distributable profits of CNY -1,366,404,921.43[5] - The company plans to concentrate on developing its competitive flat glass business to ensure sustainable growth and reduce debt risks[30] - The company’s strategic focus on high-quality innovation in the flat glass sector is expected to enhance its market position moving forward[31] - The company is advancing the silicon sand resource utilization project, which has completed planning and land certification, laying a solid foundation for high-end product supply[34] - The company is leveraging advanced IT technology to enhance its e-commerce platform and improve customer service, aiming for a seamless online and offline retail experience[40] - The company plans to produce 25 million heavy boxes of flat glass, an increase of 1.57 million heavy boxes year-on-year, with a first-class product rate of 90.84%[64] - The company aims for a sales revenue of over CNY 2.90 billion from its main business, with a sales price forecast of CNY 110 per heavy box, leading to an expected annual sales revenue of over CNY 2.75 billion[64] Environmental and Compliance Efforts - Environmental protection investments totaled 94.25 million yuan in 2021, including 34.25 million yuan for technical upgrades, leading to a significant reduction in total air pollutant emissions[35] - The company has made substantial investments in environmental protection, achieving significant results in pollutant discharge compliance[66] - The company is actively monitoring and adapting to changes in environmental regulations to mitigate associated risks[66] - The company has completed the environmental impact assessment for its construction projects and has been compliant with the relevant regulations[101] - The company emitted a total of 710.590 tons of sulfur dioxide, 1246.408 tons of nitrogen oxides, and 38.976 tons of particulate matter in 2021, with reductions of 124.646 tons, 264.124 tons, and 10.698 tons respectively compared to the previous year[99] Governance and Management - The company’s board and management have confirmed the accuracy and completeness of the financial report, with no major omissions or misleading statements[4] - The company has established a remuneration management system for directors and senior management, ensuring timely and full payment based on performance assessments[79] - The company is actively engaged in corporate governance, with regular board meetings to review and approve key reports and strategies[81] - The board of directors convened 4 meetings in 2021, passing 19 resolutions, demonstrating active governance[68] - The company has a diversified leadership team with experience in various sectors, including finance, management, and law[78] Legal and Compliance Risks - The company has acknowledged the existence of a non-compliance guarantee provided by the actual controller, which was resolved in September 2021[7] - The actual controller of the company is currently under judicial supervision, which presents a risk of unresolved litigation[66] - The company is currently involved in significant litigation, including a dispute with Huarong Securities regarding a share pledge repurchase contract, with a claim amount of approximately 1.33 billion RMB[118] - The company has faced a total of 23 lawsuits related to a sales contract dispute, with the Shenzhen Intermediate People's Court dismissing all claims from the plaintiffs[118] - The company has ongoing litigation involving a claim of 69,625,000.00 CNY related to contract disputes[120] Research and Development - Total R&D expenses amounted to RMB 60,481,922.02, representing 1.95% of operating revenue[49] - The number of R&D personnel is 169, accounting for 10.75% of the total workforce[49] - Research and development expenses for 2021 were RMB 60,481,922.02, up from RMB 71,118,972.36 in 2020, indicating a focus on innovation despite a decrease in absolute terms[172] Financial Reporting and Audit - The company is responsible for preparing financial statements in accordance with accounting standards to ensure fair representation[157] - The audit report indicates that there are significant uncertainties regarding the company's ability to continue operations in the future[159] - The audit report expresses a qualified opinion due to limitations in the audit scope, affecting the assessment of financial statements[148] - The company has retained Zhongshun Zhonghuan Accounting Firm for the 2021 financial report audit, with a fee of 1.4 million RMB and an audit duration of 8 years[115] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 56,170, an increase from 53,925 at the end of the previous month[134] - The largest shareholder, Shenzhen Qianhai Jiahao Investment Partnership, holds 111,128,680 shares, representing 9.58% of total shares, with shares frozen[136] - The second-largest shareholder, Xu Xizhong, holds 103,387,072 shares, representing 8.91% of total shares, with shares frozen[136] - The company has not reported any significant asset or equity acquisitions or sales during the reporting period[123]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 789,079,000.71, representing a 41.18% increase compared to the same period last year[5] - The net profit attributable to shareholders for the same period was CNY 232,060,423.87, a significant increase of 342.68% year-on-year[5] - The net profit after deducting non-recurring gains and losses reached CNY 264,879,407.00, up 446.96% compared to the previous year[5] - Basic earnings per share for the quarter were CNY 0.20, an increase of 342.68% compared to the same period last year[5] - Operating profit for the first three quarters of 2021 was ¥240,978,922.50, a significant improvement from a loss of ¥589,664,947.40 in 2020[18] - Net profit for the first three quarters of 2021 was ¥142,934,611.02, compared to a net loss of ¥588,328,333.58 in the same period last year[19] - The total profit for the first three quarters of 2021 was ¥199,690,081.95, compared to a loss of ¥585,099,494.92 in the same period last year[18] Cash Flow - The net cash flow from operating activities was CNY 147,071,770.52, reflecting a 127.92% increase year-on-year[5] - The company reported a net cash flow from operating activities of ¥234,224,768.97, up from ¥57,948,381.46 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,770,695,634.47, a 1.70% increase from the end of the previous year[5] - As of September 30, 2021, the company's total assets amounted to CNY 4,770,695,634.47, an increase from CNY 4,690,962,714.89 at the end of 2020[14] - The company's cash and cash equivalents increased to CNY 299,154,349.35 from CNY 175,933,330.06, representing a growth of approximately 69.8%[14] - Total current liabilities decreased to CNY 2,442,627,613.12 from CNY 2,493,307,276.61, a reduction of about 2.0%[16] - The company's total equity increased to CNY 2,151,851,466.94 from CNY 2,010,619,909.28, marking an increase of approximately 7.0%[16] - Total liabilities decreased to CNY 2,618,844,167.53 from CNY 2,680,342,805.61, a decline of about 2.3%[16] Inventory and Receivables - Accounts receivable decreased to CNY 650,608,998.37 from CNY 691,801,771.31, a decline of about 5.9%[14] - The company's inventory rose to CNY 301,259,430.01 from CNY 175,401,132.16, reflecting an increase of approximately 71.5%[14] Research and Development - Research and development expenses increased to ¥82,158,772.00, a rise of 237.5% from ¥24,360,285.93 in 2020[18] Other Financial Metrics - The weighted average return on equity rose to 13.81%, an increase of 12.48 percentage points year-on-year[5] - The significant increase in operating profit by 140.87% was primarily due to a substantial rise in glass prices in the glass segment[8] - The net cash flow from investing activities decreased by 242.57%, mainly due to personal income tax payments related to equity acquisitions[8] - The company's prepayments increased to CNY 548,855,594.23 from CNY 371,743,144.28, a rise of approximately 47.7%[14] - The company's long-term borrowings decreased to CNY 16,000,000.00 from CNY 33,800,000.00, a reduction of approximately 52.7%[16]