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]

Financial Performance - Net profit attributable to shareholders rose by 31.43% to CNY 1.87 billion for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 11.22 billion, reflecting a growth of 23.16% year-on-year[6]. - Basic earnings per share increased by 31.42% to CNY 0.5755[6]. - The net profit attributable to the parent company increased by 31.43% to CNY 1,872,331,359.49 compared to the same period last year[15]. - Investment income surged by 362.70% to CNY 492,244,407.10, primarily due to the transfer of shares in Jinzhou Bank[15]. - The total cost of operations for the first nine months was ¥9,289,232,569.34, reflecting a 22.7% increase from ¥7,567,604,800.81 year-on-year[31]. - The company reported a financial expense of ¥96,910,145.35 for the third quarter, compared to a financial income of ¥45,082,245.75 in the same quarter last year[31]. Asset and Liability Changes - Total assets increased by 12.31% to CNY 44.85 billion compared to the end of the previous year[6]. - Total current assets increased to CNY 30.28 billion from CNY 25.12 billion, a growth of approximately 20.5%[21]. - Total liabilities increased to CNY 26.43 billion from CNY 22.57 billion, a rise of 17.0%[23]. - Short-term borrowings surged to CNY 6.84 billion from CNY 3.62 billion, an increase of 88.5%[22]. - The company's equity attributable to shareholders increased to CNY 16.42 billion from CNY 15.62 billion, a rise of 5.1%[23]. Cash Flow and Operating Activities - Net cash flow from operating activities improved significantly, with a net cash flow of CNY -1.50 billion compared to CNY -4.78 billion in the same period last year[6]. - The company reported a net cash outflow from operating activities of CNY -1,502,460,184.07 for the first nine months, an improvement from CNY -4,775,739,200.29 in the same period last year[37]. - Cash inflows from operating activities totaled CNY 9,475,483,722.09 for the first nine months, down from CNY 12,787,583,480.08 in the previous year[37]. - The company reported a significant decrease in other income, which fell to CNY 63,952,385.28 from CNY 0, due to a change in accounting policy[15]. Shareholder Information - The total number of shareholders reached 152,044 by the end of the reporting period[9]. - The top shareholder, Ruan Shuilong, holds 11.98% of the shares, totaling 389,653,992 shares[9]. Investment and Expansion Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[6]. - The company completed the transfer of 100 million shares of Jinzhou Bank for CNY 590 million, contributing to the reported investment income[16]. - The company made a capital increase of CNY 20 million in Shaoxing Ruikang Biotechnology Co., Ltd., raising its stake to 40%[16]. Changes in Financial Assets - Financial assets measured at fair value increased by 264.10% to CNY 84,617,335.58, attributed to an increase in foreign exchange contract swap transactions[13]. - Accounts receivable rose by 32.15% to CNY 2,876,884,264.94, mainly due to significant growth in sales revenue[13]. - Prepaid accounts increased by 92.94% to CNY 406,067,073.39, driven by increased advance payments for raw material purchases and the addition of a new subsidiary[13]. - Construction in progress surged by 201.52% to CNY 1,047,822,178.58, due to the expansion of several projects including the Shanghai Daning Center Plaza renovation[13].

Financial Performance - The company's operating revenue for the first half of 2017 reached ¥7,514,932,146.93, representing a 19.50% increase compared to ¥6,288,651,460.30 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥1,013,159,984.92, up 4.83% from ¥966,459,721.69 in the previous year[15]. - The net profit after deducting non-recurring gains and losses increased by 54.93%, amounting to ¥979,795,756.03 compared to ¥632,429,363.12 in the same period last year[15]. - Basic earnings per share for the first half of 2017 were ¥0.3114, reflecting a 4.81% increase from ¥0.2971 in the same period last year[16]. - The gross profit margin for the first half of 2017 was approximately 18.0%, compared to 15.1% in the same period last year[104]. - The company reported a total comprehensive income of CNY 1,186,168,022.59 for the first half of 2017, compared to CNY 1,288,890,311.14 in the same period last year[105]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥42,557,252,173.30, a 6.56% increase from ¥39,936,427,833.16 at the end of the previous year[15]. - The company's total liabilities reached CNY 24.65 billion, compared to CNY 22.57 billion, showing a growth of about 9.3%[98]. - The company's cash and cash equivalents decreased to CNY 2.70 billion from CNY 3.43 billion, a decline of approximately 21.5%[98]. - The company's current ratio decreased by 9.47% from the previous year, standing at 2.17[91]. - The company's asset-liability ratio increased by 1.42% to 57.93% compared to the previous year[91]. Cash Flow - The company reported a net cash flow from operating activities of -¥1,110,290,386.96, an improvement from -¥4,299,803,972.22 in the same period last year[15]. - The cash flow from financing activities generated a net inflow of approximately ¥1.40 billion, down from ¥4.79 billion in the previous year[110]. - The cash inflow from investment activities totaled 1,792,603,803.45 RMB, compared to 1,069,564,971.28 RMB in the prior period, showing a significant increase[113]. - The total cash and cash equivalents at the end of the period were 322,447,378.50 RMB, down from 1,137,237,398.55 RMB at the end of the previous period[113]. Investments and Acquisitions - The company established new investments in Shaoxing Hong'an Chemical Co., Ltd. and Shaoxing Shangyu Taisheng Environmental Technology Co., Ltd., both with a 100% equity stake[39]. - The company acquired a 70% equity stake in Shanghai Tongcheng Auto Parts Co., Ltd. for RMB 51 million[40]. - The company invested RMB 400 million to become a limited partner in Hangzhou Chunzhi Investment Partnership[40]. - The company has cumulative investments of RMB 500 million in the Huatai-Fund Management Co., Ltd. asset management contract[42]. Environmental and Social Responsibility - The company has established a "zero emissions" management concept, aiming for high environmental standards in its operations[25]. - The company has implemented a clean production strategy, achieving over 70% reduction in wastewater and over 90% reduction in solid waste emissions[65]. - The company plans to increase investment in environmental protection to transform risks into opportunities, aiming for "zero emissions" and developing eco-friendly, low-energy, high-value products[48]. Legal and Compliance Issues - The company is involved in a patent infringement lawsuit against Shaoxing County Binhai Feixiang Chemical Co., Ltd., with a court ruling requiring the defendant to cease production and pay 5 million RMB in damages[55]. - The company faces a lawsuit from Huntsman Advanced Materials (Switzerland) Ltd. for alleged infringement of a patent related to azo dyes, with a claim for 230 million RMB in damages[55]. - The company has submitted counter-evidence in response to Kiri Company's allegations regarding the oppression of shareholder interests, with ongoing proceedings in the Singapore International Commercial Court[55]. Shareholder Information - The company has a total of 146,839 common stock shareholders as of the end of the reporting period[70]. - The top ten unrestricted shareholders include 阮水龙 with 389,653,992 shares, 阮伟祥 with 268,931,398 shares, and 中国证券金融股份有限公司 with 159,215,739 shares[73]. - The report indicates that there are no changes in the controlling shareholder or actual controller[76]. Research and Development - Research and development expenses rose to ¥293,602,993.82, an increase of 16.12% from the previous year[31]. - The company holds over 1,900 patents, enhancing its competitive edge in high-end market product development[23]. - The company plans to continue expanding its product line through internal R&D and external acquisitions[24]. Financial Reporting and Accounting Policies - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect a true and complete view of its financial status[135]. - The company has implemented specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[134]. - The company recognizes foreign currency transactions at the spot exchange rate on the transaction date, and monetary items are translated at the spot exchange rate on the balance sheet date, with exchange differences recognized in current profit or loss[142].

Financial Performance - Operating revenue for the period reached CNY 3.94 billion, a 32.16% increase year-on-year[6] - Net profit attributable to shareholders rose by 62.37% to CNY 501.19 million compared to the same period last year[6] - Basic earnings per share increased by 62.38% to CNY 0.1541 per share[6] - Total operating revenue for Q1 2017 reached ¥3,939,284,058.49, a 32.3% increase from ¥2,980,628,764.71 in the same period last year[27] - Net profit for Q1 2017 was ¥571,804,309.30, representing a 55.5% increase compared to ¥367,416,468.79 in Q1 2016[27] - The net profit attributable to shareholders of the parent company was ¥501,188,247.98, up 62.3% from ¥308,673,258.12 in the previous year[27] - Earnings per share (EPS) for Q1 2017 was ¥0.1541, compared to ¥0.0949 in the same quarter last year, reflecting a 62.3% increase[28] Assets and Liabilities - Total assets increased by 6.35% to CNY 42.47 billion compared to the end of the previous year[6] - Current assets totaled CNY 27.38 billion, an increase from CNY 25.12 billion, reflecting a growth of about 9.0%[20] - Total liabilities reached CNY 24.43 billion, an increase from CNY 22.57 billion, which is a rise of about 8.3%[21] - The company's equity attributable to shareholders increased to CNY 16.21 billion from CNY 15.62 billion, reflecting a growth of approximately 3.8%[21] - Total non-current liabilities stood at CNY 12.48 billion, an increase from CNY 12.12 billion, reflecting a growth of approximately 3.0%[21] - Short-term borrowings increased by 41.23% to CNY 5,119,155,970.88, reflecting higher working capital needs from increased revenue[12] - Inventory levels rose to CNY 17.96 billion, compared to CNY 16.77 billion at the beginning of the year, representing an increase of about 7.1%[20] Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY 1.22 billion, a significant reduction from CNY 1.91 billion in the previous year[6] - Cash flow from operating activities showed a net outflow of ¥1.22 billion, an improvement from a net outflow of ¥1.91 billion in the same period last year[32] - Total cash inflow from operating activities was 3,026,627,836.46 RMB, compared to 656,684,056.61 RMB in Q1 2016, indicating a significant increase[35] - Cash outflow from investing activities was 449,865,064.57 RMB, down from 1,843,259,226.46 RMB year-over-year, reflecting reduced investment expenditures[35] - Cash inflow from financing activities was 1,907,204,610.00 RMB, a decrease from 7,071,000,000.00 RMB in the previous year, primarily due to lower borrowing[36] Shareholder Information - The total number of shareholders reached 151,107 by the end of the reporting period[9] - The largest shareholder, Ruan Shuilong, holds 389,653,992 shares, representing 11.98% of the total shares[10] Investments and Subsidiaries - The company invested CNY 500 million in Shanghai Lejin Investment Partnership, with total contributions reaching CNY 1 billion[14] - The company established a new subsidiary, Shaoxing Shangyu Taisheng Environmental Technology Co., Ltd., with a registered capital of CNY 10 million[15] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1.82 million for the period[7] - The company reported an investment income of ¥17,357,770.95, up from ¥14,196,877.11 in the previous year[27] - Other comprehensive income after tax for Q1 2017 was ¥106,341,925.10, compared to a loss of ¥4,295,632.77 in the same period last year[27] - The company’s total comprehensive income for Q1 2017 was ¥678,146,234.40, significantly higher than ¥363,120,836.02 in Q1 2016[28]

Financial Performance - In 2016, the company achieved a net profit of ¥866,043,545.58, with a 10% statutory surplus reserve of ¥86,604,354.56 deducted[3]. - The undistributed profits at the end of 2016 amounted to ¥1,211,701,478.26 after distributing dividends of ¥487,999,779.00 in June 2016[3]. - The profit distribution plan for 2016 proposes a cash dividend of ¥2.00 per 10 shares (tax included)[3]. - The company's operating revenue for 2016 was approximately ¥12.36 billion, a decrease of 16.82% compared to ¥14.85 billion in 2015[20]. - The net profit attributable to shareholders for 2016 was approximately ¥2.03 billion, down 24.35% from ¥2.68 billion in 2015[20]. - The basic earnings per share for 2016 was ¥0.6237, reflecting a decline of 25.47% from ¥0.8369 in 2015[21]. - The total assets at the end of 2016 reached approximately ¥39.94 billion, an increase of 48.66% from ¥26.86 billion at the end of 2015[20]. - The net cash flow from operating activities for 2016 was negative at approximately -¥6.08 billion, compared to positive cash flow of ¥1.63 billion in 2015[20]. - The company reported a weighted average return on equity of 13.76% for 2016, down 7.33 percentage points from 21.09% in 2015[21]. - The company experienced a significant decrease in net profit after deducting non-recurring gains and losses, which was approximately ¥1.14 billion, down 31.37% from ¥1.66 billion in 2015[20]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The report indicates that the company is committed to ensuring the accuracy and completeness of its financial reports[2]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[5]. - The company has not reported any significant issues regarding the occupation of funds or overdue receivables during the reporting period[145]. - The company has maintained compliance with all court judgments and has no outstanding debts that are overdue[153]. Risks and Future Outlook - The company has outlined potential risks in its future development in the report[5]. - The company is committed to diversifying its business by expanding into real estate and other sectors to enhance future performance[129]. - Future plans include expanding aniline production capacity to 100,000 tons per year and phenol production capacity to 50,000 tons per year over the next five years[129]. - The company aims to achieve a global dye production capacity of 350,000 tons per year through technological upgrades and environmental governance improvements[129]. - The company plans to enhance investment in environmental protection, converting risks into opportunities through the development of eco-friendly products[133]. Research and Development - The company completed 16 R&D projects in 2016, with 13 projects yielding results and 11 ongoing projects[34]. - The R&D expenditure for the current period was approximately CNY 548.07 million, a decrease of 4.91% compared to the previous year[42]. - Zhejiang Longsheng is investing 200 million RMB in R&D for new technologies in dye production, aiming for a 30% reduction in production costs by 2019[194]. - The company has launched a new eco-friendly dyeing technology, which is expected to reduce water usage by 30%[159]. Environmental and Social Responsibility - The company has reduced wastewater discharge by over 70% and solid waste discharge by over 90% through clean production integrated technology in the disperse dye segment[74]. - The company has a comprehensive emergency response system in place to handle environmental incidents[173]. - The company invested a total of RMB 624 million in environmental protection facilities from 2014 to 2016, focusing on upgrading and transformation[172]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 161,755, an increase from 151,107 at the end of the previous month[180]. - The top shareholder, 阮水龙, holds 389,653,992 shares, representing 11.98% of the total shares[182]. - The company has a total of 60,000,000 shares under lock-up conditions, which will be released on March 26, 2018[183]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest three shareholders alone holding over 32%[182]. Legal Matters - The company has ongoing significant litigation regarding patent infringement, with a ruling requiring the defendant to cease production and pay damages of RMB 5 million, with an additional ruling for RMB 7 million in damages pending[149]. - A subsidiary of the company has been fined RMB 20 million for environmental pollution, with RMB 10 million already prepaid to the court[149]. - The company is facing a claim for environmental remediation costs amounting to RMB 24.28 million from the Jiangsu Environmental Protection Association, with the court yet to schedule a hearing[149]. Financial Management - The company reported a total of RMB 605,608.34 million in financial assets measured at fair value, with a net gain of RMB 15,350.79 million from changes in fair value[122]. - The company has engaged in various wealth management products, with a total investment of CNY 100 million in a floating income product yielding 0.24%[162]. - The company has a total of CNY 50,000 million in a floating income product with a yield of 783%[162]. - The total amount of guarantees provided by the company demonstrates its commitment to supporting its business operations[158]. Market Position and Strategy - The company holds a leading position in the global specialty chemicals market, with an annual dye production capacity of 300,000 tons and a strong market presence[71]. - The company is focusing on expanding its service business, which saw a revenue increase of 19.58% to approximately CNY 147.13 million[44]. - The company is exploring international markets, with plans to enter Southeast Asia by mid-2017[159]. - The company has established sales networks in over 20 provinces in China, focusing on key regions such as Zhejiang, Jiangsu, Guangdong, and Sichuan[109].

Financial Performance - Operating revenue decreased by 22.75% to CNY 9.10 billion for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 38.85% to CNY 1.42 billion year-on-year[6] - Basic earnings per share decreased by 39.45% to CNY 0.4373[7] - The weighted average return on net assets decreased by 9.12 percentage points to 9.62%[6] - The company reported a net profit of CNY 2,029,877,943.90 for the first nine months, down from CNY 2,873,012,291.28 in the same period last year[28] - Operating profit for the first nine months of 2016 was approximately ¥442.73 million, up from ¥293.54 million year-over-year, indicating a 50.9% increase[31] - The company reported a net profit of approximately ¥388.99 million for the first nine months of 2016, compared to ¥287.54 million in the same period of 2015, representing a 35.3% increase[31] Cash Flow - Net cash flow from operating activities showed a significant decline of 492.33%, resulting in a negative CNY 4.78 billion[6] - Operating cash flow for the first nine months of 2016 was negative at -4,777,594,999.11 RMB, compared to a positive cash flow of 1,217,733,762.39 RMB in the same period last year[34] - Total cash inflow from operating activities decreased to 12,775,275,890.49 RMB, down 12.3% from 14,579,583,448.46 RMB year-on-year[34] - Cash outflow from operating activities increased significantly to 17,552,870,889.60 RMB, up 31.1% from 13,361,849,686.07 RMB in the previous year[34] - Investment activities generated a net cash outflow of -1,804,117,214.17 RMB, worsening from -705,551,951.43 RMB in the same period last year[35] - Financing activities produced a net cash inflow of 5,712,970,249.20 RMB, compared to 2,087,103,690.71 RMB in the previous year, reflecting improved financing conditions[35] Assets and Liabilities - Total assets increased by 36.42% to CNY 36.61 billion compared to the end of the previous year[6] - The company's total liabilities reached approximately CNY 14.86 billion, up from CNY 11.69 billion at the beginning of the year, reflecting an increase of about 27.5%[23] - The company's current assets totaled approximately CNY 22.82 billion, up from CNY 15.89 billion at the start of the year, representing a growth of approximately 43.5%[22] - The company's total cash inflow from investment activities was 4,847,915,929.34 RMB, a notable increase from 554,777,220.77 RMB year-on-year[37] Shareholder Information - The number of shareholders reached 164,279 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] Inventory and Receivables - Accounts receivable decreased by 35.86% to ¥917,940,344.87 due to increased collection of matured notes[12] - Inventory increased by 123.56% to ¥15,118,989,742.36, primarily due to expanded real estate investments in Shanghai, adding ¥8.149 billion in real estate inventory[12] - Inventory decreased to CNY 32,288,080.75 from CNY 67,182,483.93, a decline of 52.0%[26] - The company’s other receivables surged to CNY 11,902,858,591.20 from CNY 3,072,794,907.76, marking an increase of 287.5%[26] Strategic Moves - The company established a partnership for investment management, contributing an initial capital of ¥500 million and an additional ¥200 million later in the year[14] - The company established two wholly-owned subsidiaries for property management with registered capital of CNY 5 million and CNY 0.2 million, respectively, indicating a strategic move into the property management sector[16] - The company decided to deregister its subsidiary, Huangshan Longsheng Chemical Co., Ltd., due to local planning adjustments, which was completed on July 27, 2016[18] - The company has committed to not engaging in competitive activities with its business, ensuring compliance with its commitments to avoid conflicts of interest[20] - The company has not reported any significant asset sales during the reporting period, indicating stability in its asset management strategy[16]