Financial Performance - In 2014, the company achieved a net profit of RMB 897,958,893.21, with a statutory surplus reserve of RMB 89,795,889.32, resulting in an undistributed profit of RMB 984,185,457.90 at year-end[3]. - The company reported an increase in undistributed profits from RMB 588,546,255.11 at the beginning of the year to RMB 984,185,457.90 by year-end[3]. - The company achieved total revenue of CNY 15,149,985,953.20, representing a year-on-year growth of 7.55%[28]. - The net profit attributable to shareholders reached CNY 2,533,285,751.24, an increase of 87.77% compared to the previous year[28]. - The basic earnings per share rose to CNY 1.6580, reflecting an increase of 82.52% year-on-year[26]. - The weighted average return on equity increased by 8.78 percentage points to 24.97%[26]. - The company's total operating income reached ¥18,579,973,129.33, a 29.09% increase compared to ¥14,393,535,726.29 in the previous year, primarily due to strong dye sales performance[56]. - The company reported a total revenue of 607,458.23 million RMB with a net profit of 33,114.16 million RMB from Zhejiang Longsheng Dyeing Chemical Co., Ltd.[79]. Profit Distribution - The profit distribution plan includes a cash dividend of RMB 5.00 per 10 shares (tax included) and a capital reserve conversion of 10 shares for every 10 shares held[3]. - The company maintained a consistent dividend policy, reflecting its commitment to returning value to shareholders[3]. - In 2014, the company proposed a cash dividend of 5.00 RMB per 10 shares, amounting to 813,332,965.00 RMB (before tax), which represents 32.11% of the net profit attributable to shareholders[92]. Business Diversification and Strategy - The company has diversified from a single dye business to a multinational group focusing on dyes, intermediates, and superplasticizers, with inorganic chemicals and real estate as supplementary businesses[19]. - The company completed a significant acquisition of Dystar, becoming its controlling shareholder, which has enhanced its market position in the dye industry[19]. - The company aims to diversify and internationalize its product and business lines, targeting to become a "world-class specialty chemicals production service provider"[55]. - The company is focusing on integrating its business model with financial services through e-commerce to create a supply chain financial ecosystem[83]. - The company is actively pursuing market expansion through strategic acquisitions and partnerships, as evidenced by multiple transactions throughout 2014[100][101][103]. Research and Development - Research and development expenses rose by 25.67% to CNY 567,739,312.01, compared to CNY 451,753,597.17 last year[39]. - In 2014, the company implemented 88 new product development projects and completed 25 patent applications, showcasing its strong R&D capabilities[66]. - New product development initiatives are underway, with an investment of 60 million allocated for R&D in the upcoming fiscal year[151]. - The company aims to enhance its product line through continuous internal R&D investment and external acquisitions, aspiring to become a world-class special chemical production service provider[67]. Environmental Initiatives - The company is the only one in the industry achieving zero emissions in its production process, amidst increasing regulatory pressure on pollution[36]. - The company has invested over 400 million RMB in environmental upgrades in recent years, significantly improving its waste treatment capabilities[94]. - The MVR system implemented by the company has effectively reduced wastewater discharge by over 70% and solid waste by over 90%[94]. - The company will enhance its environmental protection efforts, aiming for "zero emissions" and developing eco-friendly products[88]. Financial Position and Investments - Cash and cash equivalents decreased by 5.60% to approximately CNY 1.60 billion, accounting for 6.96% of total assets[62]. - Accounts receivable increased by 35.45% to approximately CNY 2.66 billion, representing 11.53% of total assets, attributed to rapid growth in dye sales[62][63]. - Inventory rose by 19.54% to approximately CNY 5.26 billion, making up 22.83% of total assets[62]. - Long-term equity investments increased by 37.58% to approximately CNY 271 million, due to higher profits from associated companies[62][63]. - The company has a total of 231,393.00 million RMB allocated for non-public fundraising projects, with 81,351.79 million RMB invested this year[80]. Corporate Governance - The company has established a performance evaluation and incentive mechanism for directors and senior management, promoting fairness and transparency[175]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal requirements[173]. - The supervisory board is composed of 3 members, with 2 representing shareholders and 1 representing employees, meeting legal standards[174]. - The company has implemented a comprehensive internal control system, ensuring compliance with regulatory requirements[175]. - An independent audit by Tianjian Accounting Firm confirmed the effectiveness of the company's internal controls over financial reporting as of December 31, 2014, issuing a standard unqualified opinion[190]. Market Outlook - The company anticipates steady growth in the dye industry, with China's dye production accounting for approximately 60% of the world's total output[81]. - The demand for intermediates, particularly para-phenylenediamine, is expected to increase significantly, with the market for para-cresol projected to become the largest consumption market for para-phenylenediamine in the coming years[82]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[151]. Shareholder Information - The total number of shareholders at the end of the reporting period was 63,286, down from 84,143 five trading days prior[140]. - The largest shareholder, Ruan Shuilong, holds 194,826,996 shares, representing 12.73% of the total shares[142]. - The total number of shares held by the top ten shareholders includes significant pledges, with Ruan Weixing pledging 33,300,000 shares[142]. - The actual controllers of the company are Ruan Shuilong, Ruan Weixiang, and Xiang Zhifeng, all of whom are Chinese nationals[144].

Financial Performance - Net profit attributable to shareholders rose by 121.93% to CNY 2.02 billion for the first nine months of the year[9] - Operating revenue for the first nine months reached CNY 11.51 billion, a 5.85% increase year-on-year[9] - Basic earnings per share rose by 114.79% to CNY 1.3233[9] - The company reported a net profit attributable to shareholders of ¥2,020,725,212.25, a 121.93% increase year-on-year[15] - Net profit for Q3 2014 reached approximately ¥542.99 million, an increase of 35% compared to ¥402.70 million in Q3 2013[37] - The company reported a total profit of approximately ¥649.40 million for Q3 2014, compared to ¥529.32 million in Q3 2013, marking a 22.73% increase[37] - Operating profit for the first nine months of 2014 was approximately ¥2.64 billion, compared to ¥1.28 billion in the same period of 2013, reflecting a growth of 106.5%[37] Assets and Liabilities - Total assets increased by 17.56% to CNY 22.31 billion compared to the end of the previous year[9] - Current liabilities totaled ¥8.36 billion, an increase of 23.5% compared to ¥6.77 billion in the previous year[29] - Non-current liabilities decreased to ¥1.99 billion from ¥2.26 billion, a decline of 11.8% year-over-year[29] - Owner's equity rose to ¥11.95 billion, up from ¥9.94 billion, reflecting a growth of 20.3%[29] - Total liabilities increased to ¥10.35 billion from ¥9.03 billion, reflecting a growth of 14.6% year-over-year[29] Cash Flow - Net cash flow from operating activities surged by 162.56% to CNY 1.14 billion compared to the same period last year[9] - The cash inflow from sales of goods and services reached ¥13,581,380,155.64, an increase of 23% compared to ¥11,040,342,702.10 in the same period last year[42] - The net cash flow from operating activities was ¥1,144,669,918.88, significantly up from ¥435,958,007.45 year-on-year[42] - The total cash inflow from investment activities was ¥673,149,699.14, compared to ¥448,729,425.96 in the previous year, marking a 50% increase[43] - The cash inflow from financing activities totaled ¥4,296,660,262.76, down from ¥6,242,343,372.73 in the previous year, a decrease of approximately 31%[43] Shareholder Information - The total number of shareholders reached 87,887 by the end of the reporting period[12] - The largest shareholder, Ruan Shuilong, holds 12.73% of the shares, totaling 194,826,996 shares[12] Investments and Acquisitions - The company invested ¥10 million to acquire 100% equity of Shaoxing Shangyu Jinzhu Real Estate Co., Ltd.[17] - The company purchased industrial property and land use rights for ¥94.6 million through public auction[17] - The company acquired 275,000 shares of Zhejiang Shangyu Rural Cooperative Bank for ¥1,034,000[16] - The company completed the transfer of 30% and 19% equity in Shangyu Jinjia Real Estate Co., Ltd. for a total of RMB 72 million and RMB 45.6 million respectively[19] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 102.10 million during the reporting period[11] - Non-recurring gains and losses totaled CNY 228.46 million for the reporting period[11] Inventory and Receivables - Accounts receivable increased by 48.73% to ¥2,916,158,194.78 due to expanded sales[14] - Other receivables surged by 239.51% to ¥1,404,635,159.53, primarily from a land acquisition reserve of ¥1.01 billion[14] - Inventory increased to RMB 5,324.31 million from RMB 4,397.33 million, reflecting a rise in stock levels[27] Future Outlook - The company expects to achieve a net profit attributable to the parent company of RMB 2.5 billion for the full year, driven by significant increases in product prices and sales volume, along with substantial growth in investment income[21] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[43]

Financial Performance - The company's operating revenue for the first half of 2014 was approximately CNY 8.29 billion, representing a 13.90% increase compared to CNY 7.27 billion in the same period last year[18]. - Net profit attributable to shareholders for the first half of 2014 reached approximately CNY 1.54 billion, a significant increase of 181.60% from CNY 547.83 million in the previous year[18]. - The basic earnings per share for the first half of 2014 was CNY 1.0110, up 171.63% from CNY 0.3722 in the same period last year[18]. - The weighted average return on net assets increased to 15.64%, up 8.71 percentage points from 6.93% in the previous year[18]. - The net cash flow from operating activities for the first half of 2014 was approximately CNY 1.28 billion, an increase of 86.74% compared to CNY 683.33 million in the same period last year[18]. - The total assets at the end of the reporting period were approximately CNY 21.34 billion, a 12.44% increase from CNY 18.97 billion at the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 10.36 billion, reflecting a 13.02% increase from CNY 9.16 billion at the end of the previous year[18]. - The company reported a net profit of CNY 1.50 billion after deducting non-recurring gains and losses, which is a 204.01% increase from CNY 491.94 million in the same period last year[18]. Revenue Growth - The company achieved total operating revenue of ¥8,285,997,495.25, representing a year-on-year growth of 13.90%[20]. - Net profit attributable to shareholders reached ¥1,542,658,962.67, marking a significant increase of 181.60% compared to the previous year[20]. - The dye business (including Dystar) saw revenue growth of 52.85%, with a gross margin increase of 13.89 percentage points[20]. - Revenue from the foreign market was ¥3,456,578,068.23, reflecting an increase of 18.63% year-on-year[26]. Investment and R&D - R&D expenses rose by 35.33% to ¥272,370,871.01 due to increased investment in new product development and environmental initiatives[23]. - The company plans to continue expanding its product line through internal R&D and external acquisitions to become a world-class specialty chemicals service provider[28]. - The company invested a total of 18,019.32 million RMB during the reporting period, a decrease of 50.34% compared to the previous year's investment of 36,284.50 million RMB, resulting in a reduction of 18,265.18 million RMB[30]. Environmental Initiatives - The company achieved over 70% reduction in wastewater and over 90% reduction in solid waste emissions through clean production integrated technology applications[29]. - The company has established a zero-emission management concept and aims to maintain high standards in environmental protection, which will be increasingly beneficial as domestic environmental regulations tighten[29]. - The company is focused on expanding its market presence and enhancing its product offerings through continuous research and innovation in environmental technologies[29]. Shareholder Information - The company distributed a cash dividend of 2.70 RMB per 10 shares, as approved in the 2013 annual shareholders' meeting[36]. - The total number of shareholders at the end of the reporting period is 66,070[65]. - The top shareholder, Ruan Shuilong, holds 12.75% of shares, totaling 194,826,996 shares[65]. Financial Position - Total liabilities increased to CNY 10,036,968,999.95, up from CNY 9,032,329,194.45, representing a growth of approximately 11.1%[71]. - The company's total assets decreased to CNY 21,335,352,128.88 from CNY 18,974,639,920.71, reflecting a decline of about 7.2%[71]. - The total equity attributable to shareholders increased to CNY 10,356,625,663.10 from CNY 9,163,897,964.90, representing an increase of about 13.0%[71]. Corporate Governance - The company held one annual shareholders' meeting during the reporting period, ensuring compliance with legal requirements[53]. - The board of directors consists of 9 members, including 3 independent directors, and held 6 meetings during the reporting period[54]. - The company emphasizes the independence of its operations from its controlling shareholder, maintaining a clear separation in personnel, assets, and finances[55]. Legal and Compliance - The company is currently involved in several ongoing litigations, including a case with the Indonesian tax authority involving a claim of $8.36 million[38]. - The company has not reported any overdue guarantees as of the latest update[47]. - The company has not engaged in any entrusted financial management activities during the reporting period[32]. Future Outlook - The company expects a net profit growth of 110% to 130% for the period from January to September 2014 compared to the same period last year, driven by significant price increases and growth in product sales volume[37]. - Future guidance indicates a continued focus on market expansion and potential mergers and acquisitions to enhance competitive advantage[159].

Financial Performance - Net profit attributable to shareholders surged by 204.80% to CNY 702.32 million year-on-year[13] - Operating revenue rose by 11.72% to CNY 4.13 billion compared to the same period last year[13] - Basic earnings per share increased by 193.75% to CNY 0.4609[13] - Operating profit for the same period was CNY 937,103,434.62, significantly up from CNY 316,308,826.21, marking a growth of 195.5%[30] - The total comprehensive income for Q1 2014 was CNY 714,928,013.97, compared to CNY 198,929,504.06 in the same period last year, an increase of 259.5%[30] Assets and Liabilities - Total assets increased by 8.43% to CNY 20.57 billion compared to the end of the previous year[13] - Total assets as of March 31, 2014, were 20,573,935,526.27 RMB, up from 18,974,639,920.71 RMB at the beginning of the year[24] - Current assets increased to 12,257,817,409.59 RMB from 10,971,804,589.99 RMB at the beginning of the year, with significant increases in accounts receivable and inventory[23] - Total liabilities rose to 9,821,634,145.35 RMB from 9,032,329,194.45 RMB, reflecting an increase in both current and non-current liabilities[24] - The total liabilities decreased to CNY 2,940,841,310.59 from CNY 4,658,029,028.77, a decline of 37.0%[27] Cash Flow - Cash flow from operating activities increased by 10.94% to CNY 246.86 million[13] - The net cash flow from operating activities was CNY 246,857,283.63, up from CNY 222,519,387.31, reflecting a growth of 10.9%[35] - The net cash flow from investing activities was negative at CNY -561,652,783.15, worsening from CNY -394,562,600.34 in the previous period[36] - The net cash flow from financing activities increased by 903.95% to 198,073,131.90 RMB, mainly due to an increase in long-term borrowings by 177 million RMB[19] - The cash inflow from financing activities totaled CNY 2,215,777,831.96, compared to CNY 1,490,426,118.00, marking a significant increase of 48.8%[36] Accounts Receivable and Inventory - Accounts receivable grew by 67.08% to CNY 3.28 billion due to expanded dye sales[18] - The company reported a significant increase in accounts receivable, which rose to 3,275,784,943.30 RMB from 1,960,662,766.95 RMB[23] - The company’s inventory increased to CNY 42,064,969.51 from CNY 34,210,859.59, an increase of 22.6%[27] Future Expectations - The company expects a net profit attributable to shareholders for the first half of 2014 to increase by 180%-220% compared to the same period last year, driven by rising prices and sales volumes of dye products[20]

Financial Performance - In 2013, the company achieved a net profit of RMB 491,707,555.51, with a statutory surplus reserve of 10% amounting to RMB 49,170,755.55[5] - The undistributed profits at the end of 2013 reached RMB 588,546,255.11 after deducting the distributed dividends of RMB 249,630,708.10[5] - The profit distribution plan for 2013 proposes a cash dividend of RMB 2.70 per 10 shares (including tax)[5] - The company achieved total revenue of CNY 14,085,822,576.70 in 2013, representing a year-on-year growth of 84.15%[28] - Net profit attributable to shareholders reached CNY 1,349,109,935.32, an increase of 62.49% compared to the previous year[28] - The basic earnings per share rose to CNY 0.9084, reflecting a growth of 60.67% year-on-year[22] - The net profit after deducting non-recurring gains and losses surged by 509.53% to CNY 1,153,663,505.78[28] - The company’s weighted average return on equity increased by 4.63 percentage points to 16.19%[22] Revenue and Growth - The revenue from specialty chemicals reached ¥11,246,287,776.28, a 129.82% increase compared to ¥4,893,507,294.22 in the previous year, primarily due to the consolidation of Dystar's dye business and an increase in both volume and price of the company's dye products[32] - The revenue from real estate business was ¥1,045,031,553.67, reflecting a 55.14% increase from ¥673,599,818.21, mainly due to the sales from Shanghai Shengyu and Pinghu Shengyu exceeding the previous year's revenue from Shanghai Longsheng Real Estate[32] - The total cash inflow from operating activities was ¥14,393,535,726.29, a 34.09% increase from ¥10,733,998,685.63, driven by an expansion in production and sales scale[39] - The total cash outflow from operating activities was ¥13,501,467,509.86, a 39.98% increase from ¥9,645,027,898.56, attributed to a significant increase in accounts receivable[39] Research and Development - Research and development expenses increased by 87.04% to CNY 451,753,597.17, indicating a strong focus on innovation[30] - The total R&D expenditure was ¥451,753,597.17, accounting for 4.54% of net assets and 3.21% of operating revenue[37] - The company has established a comprehensive R&D system, leading to the completion of 5 industry standards and 5 national standards in 2013[49] Operational Efficiency - The company has maintained a consistent focus on risk management, detailing potential risks in its board report[9] - The company has been expanding its product lines, with the intermediate business contributing 12.15% to total revenue by the end of 2005, and superplasticizers contributing 11.55% by the end of 2006[18][19] - The company successfully completed a debt-to-equity swap with Dystar, leading to improved operational efficiency and profitability in the textile chemical sector[28] - The company plans to enhance R&D and project investments in the intermediate field to ensure new projects are launched annually[28] Environmental Initiatives - The company has invested over 400 million RMB in environmental upgrades in recent years, enhancing its competitive edge in the industry[84] - The MVR system implemented by the company has effectively reduced wastewater by over 70% and solid waste by over 90%[84] - The company has established a circular economy industrial park in Zhejiang, achieving over 70% reduction in wastewater and over 90% reduction in solid waste emissions through clean production technologies[51] Shareholder Information - As of the end of the reporting period, the controlling shareholders held a combined 23.56% of the company's shares[20] - The company’s stock is traded on the Shanghai Stock Exchange under the code 600352[16] - The company has a robust profit distribution policy in place, adhering to its articles of association[82] - The company distributed a cash dividend of 1.70 RMB per 10 shares (before tax) for the year 2012, totaling 249,630,708.10 RMB[82] - In 2013, the cash dividend increased to 2.70 RMB per 10 shares, amounting to 412,523,801.10 RMB, representing 30.58% of the net profit attributable to shareholders[82] Financial Management - The company has engaged Tianjian Accounting Firm to provide a standard unqualified audit report for the fiscal year[5] - The company has maintained effective internal controls over financial reporting, with no significant deficiencies reported in the internal control evaluation[156] - The independent audit firm issued a standard unqualified opinion on the company's internal control effectiveness as of December 31, 2013[157] - The company reported no significant accounting errors or omissions during the reporting period, ensuring the integrity of its financial disclosures[158] Market Expansion and Strategy - The company aims to become a world-class specialty chemicals service provider, focusing on technology development and strategic acquisitions to diversify and internationalize its product offerings[41] - The company is actively pursuing market expansion through strategic acquisitions and investments in various sectors[91] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[176] Legal and Compliance - The company is involved in ongoing litigation regarding patent infringement, seeking 100 million RMB in damages[87] - The company has reached a settlement agreement with one of the defendants in the patent dispute, resolving the issue amicably[87] - The company has not faced any major environmental issues or pollution incidents during the reporting period[85] Employee and Management Structure - The total number of employees in the parent company is 254, while the main subsidiaries employ 9,261, resulting in a total of 9,515 employees[134] - The company has implemented a structured salary system that includes basic salary, position salary, and various allowances, adjusting according to market conditions[135] - The company emphasizes targeted employee training to enhance skills and improve overall performance, aligning with business development needs[136] - The total remuneration for all directors, supervisors, and senior management personnel amounted to 8.6214 million yuan during the reporting period[131] Future Projections - The company aims to achieve total revenue of 19 billion RMB in 2014, representing a growth of 34.89% compared to the previous year[74] - The total profit is projected to reach 3 billion RMB, an increase of 65.02% year-on-year, with net profit attributable to shareholders expected to be 2.5 billion RMB, up 85.32%[74][75] - The company anticipates a funding requirement of 5.5 billion RMB to maintain current operations and complete ongoing investment projects[77]