Financial Performance - The company's operating revenue for the first half of 2019 was CNY 9,649,004,169, representing a 5.25% increase compared to CNY 9,167,771,890.73 in the same period last year[15]. - The net profit attributable to shareholders of the listed company reached CNY 2,531,546,185.66, a significant increase of 36.23% from CNY 1,858,231,953.36 year-on-year[15]. - The net profit after deducting non-recurring gains and losses was CNY 2,051,511,034.07, up 13.12% from CNY 1,813,631,947.76 in the previous year[15]. - The net cash flow from operating activities was CNY 3,013,892,083.84, a substantial recovery from a negative cash flow of CNY -326,674,318.21 in the same period last year[15]. - Basic earnings per share for the first half of 2019 were CNY 0.7940, representing a 39.01% increase from CNY 0.5712 in the same period last year[16]. - The weighted average return on net assets was 11.82%, an increase of 1.31 percentage points compared to 10.51% in the previous year[16]. - The growth in net profit attributable to shareholders was primarily driven by the price increase of dyes and intermediates during the reporting period[16]. Assets and Liabilities - The net assets attributable to shareholders of the listed company increased to CNY 22,117,166,438.78, reflecting a growth of 10.75% from CNY 19,969,920,522.93 at the end of the previous year[15]. - Total assets amounted to CNY 53,614,481,045.02, which is a 2.68% increase compared to CNY 52,216,259,169.85 at the end of the previous year[15]. - Total liabilities decreased by 4.02% to 11.412 billion RMB, indicating improved financial stability[29]. - The total liabilities decreased to ¥11,306,161,973.83 from ¥11,611,483,404.09, indicating a reduction of approximately 2.6%[99]. Investments and Subsidiaries - The company made a 100% equity investment in Hangzhou Qisheng New Materials Co., Ltd. and Hangzhou Longshan Chemical Co., Ltd. through new establishment and capital increase, respectively[31]. - The company reported a total of RMB 3,812,153,051.39 in investments, with a net profit of RMB 71,362,134.43 from these investments[33]. - The company’s total equity attributable to shareholders increased to ¥22.12 billion from ¥19.97 billion, reflecting a growth of approximately 10.73%[96]. - The company included 108 subsidiaries in its consolidated financial statements, expanding its operational scope significantly[121]. Research and Development - Research and development expenses increased by 4.96% to 368 million RMB, reflecting the company's commitment to innovation[26]. - The company owns nearly 1,900 domestic and international patents, supporting its strong R&D capabilities for new product development[21]. - Research and development expenses for the first half of 2019 amounted to ¥368,004,667.36, which is an increase of 5% compared to ¥350,621,313.44 in the same period of 2018[101]. Environmental and Social Responsibility - The company has established a circular economy industrial park in Zhejiang, aiming for zero emissions and high-quality green development[22]. - The company discharged a total of 1,357,028 tons of wastewater in the first half of 2019, with COD emissions of 87.34 tons and ammonia nitrogen emissions of 2.74 tons, meeting the annual discharge limits[63]. - The company spent approximately 891.56 million on targeted poverty alleviation efforts in the first half of 2019[58]. - The company supported 71 impoverished disabled individuals with a total investment of 168.26 million[60]. Financial Stability and Risks - The company emphasizes safety as a top priority, investing in safety production improvements and adopting the DuPont sustainable solutions to enhance safety management[37]. - The company faces management risks due to the increasing number of subsidiaries, necessitating enhanced oversight and internal auditing to prevent mismanagement[37]. - The company operates in multiple currencies, exposing it to foreign exchange risks; it employs natural hedging to mitigate these risks, which currently do not significantly impact operations[38]. Corporate Governance - The company has undergone changes in its board of directors, with several key personnel resigning and new appointments made[78]. - The company has not reported any significant asset or equity sales during the reporting period[33]. - The company has not disclosed any major related party transactions or significant contracts during the reporting period[49][50]. Accounting and Financial Reporting - The company has made changes to its accounting policies in accordance with new financial instrument standards, impacting its financial reporting[71]. - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[124]. - The company recognizes revenue from the sale of goods when the main risks and rewards of ownership are transferred to the buyer, and the revenue amount can be reliably measured[173].

Financial Performance - In 2018, Zhejiang Longsheng achieved a net profit of CNY 890,435,263.57, with a statutory surplus reserve of CNY 89,043,526.36, resulting in an undistributed profit of CNY 1,110,850,786.63 at year-end[4]. - The profit distribution plan for 2018 proposes a cash dividend of CNY 2.50 per 10 shares (tax included), with the remaining undistributed profits carried forward to the next year[4]. - The company reported a total undistributed profit of CNY 1,110,850,786.63 after deducting the distributed dividends of CNY 813,332,965.00 in June 2018[4]. - The company's operating revenue for 2018 reached ¥19,075,780,342.76, representing a 26.32% increase compared to ¥15,100,899,901.19 in 2017[19]. - Net profit attributable to shareholders was ¥4,111,364,628.97, a significant increase of 66.20% from ¥2,473,794,817.90 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥3,704,231,924.98, which is a 102.64% increase compared to ¥1,827,999,233.56 in 2017[19]. - The company's total assets at the end of 2018 were ¥52,216,259,169.85, up 12.65% from ¥46,352,806,669.05 at the end of 2017[19]. - Basic earnings per share for 2018 were ¥1.2637, reflecting a 66.19% increase from ¥0.7604 in 2017[20]. - The weighted average return on equity increased to 22.06%, up 6.82 percentage points from 15.24% in 2017[20]. - The net cash flow from operating activities for 2018 was ¥1,076,300,530.35, a recovery from a negative cash flow of ¥252,629,796.89 in 2017[19]. Audit and Compliance - Zhejiang Longsheng's financial report received a standard unqualified audit opinion from Tianjian Accounting Firm[3]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[5]. - There are no violations of decision-making procedures regarding external guarantees[6]. - The company has not proposed any capital reserve conversion to increase share capital in the profit distribution plan[4]. - The financial report is available for review at designated media outlets including Shanghai Securities Journal and Securities Times[14]. Risk Management - The company has outlined potential risks in its future development in the "Discussion and Analysis of Operating Conditions" section of the report[6]. - The report emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements related to operational plans and development strategies[5]. - The company faces management risks due to the increasing number of subsidiaries and joint ventures, necessitating enhanced oversight and internal auditing measures[100]. - The company is exposed to foreign exchange risks due to operations in multiple currencies, primarily managing this risk through natural hedging strategies[100]. Environmental Sustainability - The company is focused on environmental sustainability, aiming for a "zero emissions" management concept in its production processes[30]. - The company reduced wastewater by over 70% and solid waste by over 90% through clean production technology in its disperse dye project[60]. - The company reported a total wastewater discharge of 2,336,321 tons in 2018, with an average COD concentration of 46.36 mg/m³ and a total COD discharge of 130.522 tons[147]. - The company met its wastewater discharge permit requirements, with a permitted volume of 2,956,820 tons/year and COD limit of 236.546 tons/year[147]. - The company completed several environmental upgrades in 2018, including the installation of a flue gas desulfurization and denitrification system[148]. Research and Development - The company has a total of nearly 1,900 patents, supporting its strong R&D capabilities in high-end market product development[30]. - Research and development expenses increased by 25.24% to ¥731,546,102.50, reflecting the company's commitment to innovation[33]. - The number of R&D personnel was 601, accounting for 7.32% of the total workforce[47]. - The company has made significant equity investments in several firms, including a 100% stake in Shaoxing Shangyu Xinsheng Chemical Industry Co., Ltd.[89]. Shareholder Information - The total number of ordinary shares after the recent changes is 3,253,331,860, representing 100% of the company's equity[158]. - The largest shareholder, Ruan Shuilong, holds 389,653,992 shares, accounting for 11.98% of the total shares[164]. - The company issued 9,670,000 shares in a private placement, which became tradable on March 26, 2018[159]. - The total number of shares held by the top ten shareholders at the end of the reporting period was 1,020,000,000, representing a significant concentration of ownership[164]. Financial Products and Investments - The company entrusted CNY 93,100.00 million in bank financial products, with an unexpired balance of CNY 67,800.00 million[124]. - The company achieved a return of 42.06 from a financial product of 15,200.00 with an expected annualized return rate of 3.48%[128]. - The company has consistently maintained a recovery rate across various financial products, indicating strong performance in asset management[133]. - The overall performance of the financial products reflects a stable return on investment, contributing positively to the company's financial health[133]. Corporate Governance - The company has established a comprehensive internal control system and published the 2018 internal control evaluation report[186]. - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the year[186]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance[191]. - The company has a complete governance structure, including a shareholders' meeting, board of directors, supervisory board, and management team, ensuring independence from controlling shareholders[192].

Financial Performance - Net profit attributable to shareholders increased by 69.78% to CNY 3.18 billion for the first nine months of the year[7] - Operating revenue for the first nine months reached CNY 14.57 billion, a 29.87% increase year-on-year[7] - Basic earnings per share increased by 69.78% to CNY 0.9771[7] - The net profit attributable to the parent company for the third quarter of 2018 was CNY 3,178,855,756.20, representing a 69.78% increase compared to CNY 1,872,331,359.49 in the same period last year[16] - Net profit for the first three quarters was ¥3.38 billion, up 61.66% from ¥2.09 billion year-on-year[29] - Operating profit for Q3 was ¥1.73 billion, representing a 55.73% increase compared to ¥1.11 billion in Q3 of the previous year[28] - The company reported a total profit of ¥4.08 billion for the first three quarters, an increase of 62.06% from ¥2.51 billion year-on-year[29] - Total comprehensive income for the first three quarters was ¥3.44 billion, a significant increase from ¥1.70 billion year-on-year[30] - Total comprehensive income for the first nine months was ¥478,732,932.94, compared to ¥28,045,796.46 in the same period last year[33] Asset and Liability Management - Total assets increased by 11.07% to CNY 51.49 billion compared to the end of the previous year[7] - The company's total assets increased to CNY 35,427,124,924.62 from CNY 31,165,495,864.88, indicating robust growth in asset base[22] - Total liabilities rose to ¥29.94 billion, compared to ¥27.43 billion in the previous year, reflecting an increase of about 9.1%[24] - Current liabilities decreased to ¥11.87 billion from ¥12.75 billion, a reduction of approximately 6.9%[24] - Non-current liabilities increased significantly to ¥18.07 billion, up from ¥14.68 billion, marking an increase of around 23.5%[24] - The company's equity attributable to shareholders increased to ¥19.44 billion from ¥16.94 billion, reflecting a growth of approximately 14.7%[24] Cash Flow Analysis - The net cash flow from operating activities was CNY 81.47 million, a significant recovery from a negative cash flow of CNY 1.50 billion in the same period last year[7] - The cash flow from operating activities showed a significant improvement, with a net inflow of CNY 81,470,267.79 compared to a net outflow of CNY 1,502,460,184.07 in the previous year[16] - The company reported a net cash flow from operating activities of ¥81,470,267.79, a significant recovery from a net outflow of ¥1,502,460,184.07 in the previous year[35] - Total cash inflow from operating activities reached CNY 10,853,155,700.60, compared to CNY 8,326,936,699.13 in the previous year, indicating a year-over-year increase of about 30.4%[38] - The net cash flow from investment activities was CNY 40,767,929.10, a significant decrease from CNY 955,299,882.45 in the previous year, reflecting a decline of approximately 95.7%[38] - The net cash flow from financing activities was -CNY 1,262,392,546.67, compared to -CNY 451,206,328.74 in the previous year, indicating a worsening of approximately 179.5%[40] Shareholder Information - The total number of shareholders reached 148,642 by the end of the reporting period[10] - The top shareholder, Ruan Shuilong, holds 11.98% of the shares, totaling 389,653,992 shares[10] Research and Development - Research and development expenses increased by 30.81% to CNY 537,724,701.47 from CNY 411,082,515.44, reflecting the company's commitment to enhancing R&D efforts[16] - Research and development expenses for the first three quarters amounted to ¥537.72 million, a 30.83% increase from ¥411.08 million in the same period last year[28] - Research and development expenses increased to ¥82,764,638.89, representing a rise of 5.5% compared to ¥78,574,876.82 in the same period last year[32] Government Support and Subsidies - The company received government subsidies amounting to CNY 125.59 million during the reporting period[7] Financial Expenses and Taxation - The company's financial expenses increased by 32.47% to CNY 333,530,960.49, attributed to higher interest expenses due to increased funding needs[16] - The company's tax expenses rose by 65.97% to CNY 705,625,969.38, reflecting increased profits during the reporting period[16]

Financial Performance - The company's operating revenue for the first half of 2018 reached ¥9.17 billion, an increase of 21.99% compared to ¥7.51 billion in the same period last year[19] - Net profit attributable to shareholders was ¥1.86 billion, representing an 83.41% increase from ¥1.01 billion year-on-year[19] - The net profit after deducting non-recurring gains and losses was ¥1.81 billion, up 85.10% from ¥979.80 million in the previous year[19] - Basic earnings per share increased to ¥0.5712, an 83.43% rise from ¥0.3114 in the same period last year[20] - The company reported a total revenue of 429.52 million RMB for the reporting period, with a net loss of 27.98 million RMB[51] - The company reported a total cash inflow from operating activities of ¥7,280,796,809.05, up from ¥4,440,829,352.70 in the prior period, reflecting a growth of approximately 64.5%[132] - The total comprehensive income attributable to the parent company was CNY 1,737.80 million, compared to CNY 998.96 million in the previous year, marking an increase of 74.0%[126] Assets and Liabilities - The company's total assets increased by 6.14% to ¥49.20 billion from ¥46.35 billion at the end of the previous year[19] - The company's total assets increased to ¥18,966,152,768.65, up from ¥17,650,700,472.97 at the beginning of the period, reflecting a growth of 7.4%[119] - Total liabilities reached CNY 29.24 billion, up from CNY 27.43 billion, indicating a growth of around 6.6%[115] - Long-term borrowings increased by 27.98% to ¥10,757,369,878.13, reflecting the company's financing needs for expansion[41] - The company's total current liabilities decreased to CNY 12.23 billion from CNY 12.75 billion, a decline of about 4.1%[115] Cash Flow - The company reported a net cash flow from operating activities of -¥326.67 million, an improvement from -¥1.11 billion in the same period last year[19] - Cash inflows from operating activities amounted to CNY 7,571.57 million, up from CNY 5,736.10 million in the previous year, representing a growth of 32.1%[128] - The net cash flow from financing activities turned negative at ¥903,034,071.05, compared to a positive cash flow of ¥206,725,450.10 in the prior period, indicating increased debt repayment[132] Research and Development - The company completed 15 projects in its domestic research institute, with 5 projects yielding results and 36 projects under construction[30] - The company has nearly 1,900 domestic and international patents, enhancing its R&D capabilities for high-end market products[30] - Research and development expenses increased by 19.42% to ¥350,621,313.44, reflecting the company's commitment to innovation[37] Environmental Management - The company discharged wastewater totaling 1,074,311 m³ from January to June 2018, with COD average discharge concentration at 62.77 mg/L, totaling 91.765 tons[77] - The company emitted 133.03 tons of sulfur dioxide, 165.35 tons of nitrogen oxides, and 48.22 tons of particulate matter in the first half of 2018, meeting the discharge permit requirements[77] - The company has implemented significant upgrades to its wastewater treatment and emission control systems, enhancing its environmental governance capabilities[78] Shareholder Information - The total number of common shareholders at the end of the reporting period was 139,087[92] - The top ten shareholders held a total of 1,020,000,000 shares, representing approximately 31.25% of the total shares[95] - Shareholder Ruan Weixiang increased his holdings by 1,500,000 shares, bringing his total to 346,321,538 shares, which is 10.65% of the total[98] Legal and Compliance - The company is involved in a significant lawsuit where it is accused of patent infringement, with a claim for economic damages amounting to RMB 230 million[62] - The company has made commitments to not engage in competitive activities that could harm its business interests, with a long-term validity of these commitments[61] - There are no significant legal disputes or debts that the company or its major stakeholders have failed to fulfill during the reporting period[67] Financial Policies and Accounting - The company adheres to the accounting standards and policies, ensuring the financial statements reflect a true and complete view of its financial status[154] - The company recognizes foreign currency transactions at the spot exchange rate on the transaction date, with monetary items translated at the exchange rate on the balance sheet date, resulting in exchange differences recognized in current profit or loss[162] - The company employs valuation techniques to determine the fair value of financial assets and liabilities, using observable inputs where available[166]

Financial Performance - Operating revenue for the first quarter reached CNY 4.23 billion, a 7.41% increase year-on-year[8] - Net profit attributable to shareholders increased by 54.94% to CNY 776.56 million compared to the same period last year[8] - Basic earnings per share rose by 54.90% to CNY 0.2387[8] - The company reported a net profit of CNY 764.42 million after deducting non-recurring gains and losses, up 53.08% year-on-year[8] - Net profit for the current period was ¥836,763,398.90, representing a 46.5% increase compared to ¥571,804,309.30 from the previous period[33] - Basic and diluted earnings per share were both ¥0.2387, up from ¥0.1541 in the previous period, indicating a growth of 55%[34] Assets and Liabilities - Total assets increased by 4.64% to CNY 48.50 billion compared to the end of the previous year[8] - The total assets as of March 31, 2018, amounted to CNY 32,474,271,422.61, an increase from CNY 31,165,495,864.88 at the beginning of the year[24] - Total liabilities reached ¥28.89 billion, compared to ¥27.43 billion, marking an increase of approximately 5.3%[26] - Non-current liabilities rose to ¥16.55 billion, up from ¥14.68 billion, indicating an increase of about 12%[26] - Current liabilities decreased to ¥12.34 billion from ¥12.75 billion, a reduction of approximately 3.5%[25] - Shareholders' equity totaled ¥19.61 billion, up from ¥18.93 billion, indicating a growth of about 3.6%[26] Cash Flow - The net cash flow from operating activities improved to -CNY 536.97 million, a significant reduction from -CNY 1.22 billion in the previous year[8] - Total cash inflow from operating activities for Q1 2018 was CNY 3,713,131,114.46, a decrease of 21.1% compared to CNY 4,707,170,355.27 in Q1 2017[38] - Net cash outflow from operating activities was CNY -536,972,166.78, an improvement from CNY -1,223,358,453.27 in the same period last year[38] - Cash inflow from financing activities was CNY 3,817,611,293.84, a decrease of 26.1% compared to CNY 5,169,094,454.82 in Q1 2017[39] - The ending cash and cash equivalents balance was CNY 3,901,071,065.77, compared to CNY 3,251,217,164.40 at the end of Q1 2017[39] Investments - Investment income surged to CNY 97,186,186.97, a remarkable increase of 459.90% from CNY 17,357,770.95 year-on-year, primarily due to the sale of stocks and funds[15] - The company made significant investments, including a CNY 60 million commitment to a limited partnership and a CNY 40 million investment in a private equity fund[17][18] Shareholder Information - The number of shareholders reached 157,100 by the end of the reporting period[12] - The top ten shareholders hold a combined 41.15% of the company's shares, with the largest shareholder owning 11.98%[12] Operational Efficiency - The weighted average return on net assets increased by 1.35 percentage points to 4.50%[8] - The company’s operating profit margin improved to approximately 23.8% from 17.7% in the previous period[33] - Total operating costs amounted to ¥3,294,537,391.68, up from ¥3,251,132,567.28, reflecting a rise of 1.5%[33] Future Outlook - The company plans to focus on market expansion and new product development to sustain growth in the upcoming quarters[33]

Financial Performance - In 2017, the company's operating revenue reached ¥15,100,899,901.19, an increase of 22.22% compared to ¥12,355,532,956.92 in 2016[21] - The net profit attributable to shareholders was ¥2,473,794,817.90, reflecting a growth of 21.92% from ¥2,029,011,380.13 in the previous year[21] - The net profit after deducting non-recurring gains and losses was ¥1,827,999,233.56, which is a significant increase of 60.77% compared to ¥1,137,003,547.09 in 2016[21] - The total assets of the company at the end of 2017 amounted to ¥46,352,806,669.05, representing a 16.07% increase from ¥39,936,427,833.16 in 2016[21] - The company's net assets attributable to shareholders increased by 8.46% to ¥16,943,895,181.29 from ¥15,621,773,761.19 in 2016[21] - Basic earnings per share increased by 21.92% to CNY 0.7604 compared to the previous year[23] - The weighted average return on equity rose by 1.48 percentage points to 15.24%[23] - The company achieved total revenue of CNY 15,100,899,901.19, representing a year-on-year growth of 22.22%[40] - The net profit attributable to shareholders reached CNY 2,473,794,817.90, an increase of 21.92% compared to the previous year[40] Cash Flow and Dividends - The cash flow from operating activities showed a significant improvement, with a net amount of -¥259,371,187.89 compared to -¥6,075,318,360.85 in 2016[21] - The profit distribution plan for 2017 proposes a cash dividend of ¥2.50 per 10 shares, with a total of ¥650,666,372.00 distributed in June 2017[5] - The company reported an ending retained earnings of ¥1,122,792,014.42 for 2017, after accounting for the profit distribution[5] - Cash inflow from operating activities totaled 13,657,290,348.88 RMB, a 31.85% increase year-on-year[59] - Cash outflow from operating activities decreased by 15.32% to 13,916,661,536.77 RMB, attributed to reduced real estate development costs[59] Business Segments and Operations - The company’s main business in the dye industry showed a significant sales volume increase in 2017, reversing the downward trend from previous years[32] - Special chemical products generated revenue of CNY 12,847,071,100.08, up 22.05% due to increased dye sales and improved intermediate business performance[45] - The automotive parts business revenue surged by 80.33% to CNY 849,558,528.85, primarily due to the acquisition of Shanghai Tongcheng[46] - The company produced 226,314 tons of dyes, with sales of 246,051 tons, reflecting a sales volume increase of 25.49% year-over-year[50] - The production of intermediates was 97,516 tons, with sales of 95,065 tons, showing a production increase of 20.10% year-over-year[50] Research and Development - Research and development expenses were CNY 584,125,243.39, reflecting a 6.58% increase from the previous year[43] - The company has nearly 1,900 patents, enhancing its competitive edge in high-end market product development[36] - The company plans to continue expanding its product line through internal R&D investments and external acquisitions[37] Environmental and Regulatory Compliance - The company reduced wastewater discharge by over 70% and solid waste by over 90% through clean production integrated technology applications in the disperse dye segment[70] - The company anticipates further regulatory developments in environmental protection, which will impact the operational landscape for smaller dye manufacturers[65] - The company has established a "zero emissions" management concept at its production base in Zhejiang, aiming for high environmental standards and sustainable development[70] - The company maintained compliance with environmental discharge standards, with all major pollutants meeting regulatory requirements[168] Market Expansion and Strategic Initiatives - The company plans to expand its market presence in Europe and the Americas, focusing on countries like Germany, the USA, and Brazil[49] - The company is focusing on clean production processes and new material development in response to industry trends[123] - The company plans to enhance its investment in environmental protection and develop eco-friendly, high-value products[126] - The company is exploring potential mergers and acquisitions to strengthen its market position[146] Shareholder and Governance Information - The company has a total of 149,721 common stock shareholders at the end of the reporting period, down from 157,100 in the previous month[175] - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 2,155.43 million CNY[188] - The company has not reported any changes in the total number of common stock shares or its capital structure during the reporting period[174] - The board of directors consists of 9 members, including 3 independent directors, and has established several committees to support effective governance[200] Legal and Compliance Issues - The company is currently involved in significant litigation, including a patent infringement case with a claim for 5 million CNY in damages, which is still in the execution phase[137] - Another ongoing litigation involves a claim of 230 million CNY for patent infringement, with the case currently under trial[137] - The company’s subsidiary is facing an environmental liability lawsuit, with a court ruling requiring compensation of 24,282,900 CNY for environmental restoration costs[137] Employee and Management Information - The total number of employees in the parent company is 232, while the main subsidiaries employ 8,481, resulting in a total of 8,713 employees[194] - The professional composition includes 5,819 production personnel, 747 sales personnel, 1,006 technical personnel, 292 financial personnel, and 849 administrative personnel[194] - Employee training programs are tailored to enhance skills and promote teamwork, focusing on the needs of management, technical, and frontline personnel[196]