本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、合营公司破产清算概况 贵州红星发展股份有限公司（下称公司）合营公司贵州容光矿业有限责任公 司（下称容光矿业）被债权人徐矿集团贵州能源有限公司向遵义市中级人民法院 （下称遵义中院）申请破产清算，具体请见公司于2020年9月16日披露的《关于 法院裁定受理对合营公司破产清算申请并指定管理人的公告》（临2020-031号）。 2022年8月23日，贵州容光矿业有限责任公司第二次债权人会议召开，会议 审议表决了《容光公司破产财产变价方案》，具体请见公司2022年8月30日披露 的《关于合营公司破产清算进展公告》（临2022-034号）。 2022年11月25日，公司收到遵义市中级人民法院发来的(2020)黔03破3号之 二《民事裁定书》，具体请见公司2022年11月29日披露的《关于合营公司破产清 算进展公告》（临2022-060号）。《关于合营公司破产清算进展公告》（临2022- 060号）同时披露了容光矿业动产、不动产首次拍卖情况。 股票简称：红星发展 股票代码：60036 ...

股票简称：红星发展 股票代码：600367 编号：临 2023-045 贵州红星发展股份有限公司 2022 年度业绩说明会暨投资者集体接待日活动 召开情况公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、说明会类型 本次说明会为公司 2022 年度业绩说明会暨投资者集体接待日活动。 二、说明会召开的时间和方式 本次网上业绩说明会的网上交流时间为 2023 年 5 月 17 日 15:30 至 17:00， 交流方式为网络形式。 三、公司参加人员 公司总经理、财务总监万洋，董事会秘书陈国强出席了本次网上业绩说明会 暨投资者集体接待日活动。 四、投资者参加方式 投资者通过登录下列网址与公司参加人员进行了交流： http://rs.p5w.net 五、交流内容 公司参加人员与投资者就公司 2022 年报有关事项、生产经营情况等内容进 行了交流，具体内容请见与本公告同日刊登在上海证券交易所网站的《贵州红星 发展股份有限公司 2022 年度业绩说明会暨投资者集体接待日活动召开情况纪 要》。 特此公告。 贵州红星发展股份有限 ...

Group 1: Mining and Production Capacity - The company has two manganese mines with a total production capacity of approximately 250,000 tons per year [1] - Future increases in manganese reserves will be disclosed through official announcements [1] Group 2: Product Pricing and Sales - The company does not produce sodium carbonate and will disclose sales data for major products in the 2023 semi-annual report [1] - The company experienced strong sales in the first half of 2022, but faced a decline in demand starting in Q3 2022 due to global economic slowdown [1] Group 3: Financial Performance - The company reported a loss in Q1 2023 due to high raw material costs and weak market demand [1] - The company plans to enhance cost control, new product development, and market expansion to improve future performance [1] Group 4: Impact of Market Changes - The decline in lithium carbonate prices may affect the profitability of the company's battery-grade lithium carbonate products [2] Group 5: Product Applications - The company's subsidiary, Qingdao Hongdie New Materials Co., Ltd., produces barium hydroxide and barium nitrate, which are used in various high-tech applications including semiconductors and optical glass [2]

Financial Performance - The company's operating revenue for Q1 2023 was ¥479,883,071.21, representing a decrease of 30.73% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥6,414,060.22, a decline of 107.06% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥14,165,725.39, down 116.65% from the previous year[6]. - Basic earnings per share were -¥0.02, reflecting a decrease of 106.45% compared to the same period last year[6]. - The company's operating profit for Q1 2023 was a loss of ¥3,430,697.70, a significant decline from a profit of ¥116,858,273.67 in Q1 2022[29]. - The company’s total comprehensive income for Q1 2023 was a loss of ¥5,858,042.95, compared to a gain of ¥97,920,964.26 in Q1 2022[30]. - The net profit for the transition period of Hongdie New Materials was reported at -RMB 853,425.36[19]. Revenue and Costs - Total operating revenue for Q1 2023 was ¥479,883,071.21, a decrease of 30.7% compared to ¥692,734,063.63 in Q1 2022[28]. - Total operating costs for Q1 2023 were ¥487,245,290.15, down 14.8% from ¥571,648,144.52 in Q1 2022[28]. - The decline in revenue was primarily due to lower sales prices of key products such as barium carbonate and manganese sulfate, influenced by market factors[12]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,810,406,879.84, a decrease of 1.83% from the end of the previous year[6]. - Total liabilities as of Q1 2023 amounted to ¥880,063,614.23, a decrease from ¥928,646,160.52 in the previous period[24]. - Total equity for Q1 2023 was ¥1,930,343,265.61, slightly down from ¥1,934,214,172.88 in the previous period[24]. - As of March 31, 2023, total current assets amount to RMB 1,483,724,395.06, a decrease from RMB 1,576,667,697.96 at the end of 2022[22]. - Total assets as of March 31, 2023, are RMB 2,810,406,879.84, down from RMB 2,862,860,333.40 at the end of 2022[22]. Cash Flow - The cash flow from operating activities was ¥8,119,917.84, a decrease of 15.74% compared to the previous year[6]. - In Q1 2023, the cash inflow from operating activities was CNY 403,668,986.27, a decrease of 22.3% compared to CNY 519,377,527.06 in Q1 2022[33]. - The net cash flow from operating activities was CNY 8,119,917.84, down from CNY 9,636,805.99 in the same period last year, reflecting a decline of 15.7%[34]. - Cash inflow from financing activities totaled CNY 14,643,832.00, down 60.2% from CNY 36,800,000.00 in Q1 2022[35]. - The ending cash and cash equivalents balance was CNY 380,695,406.43, down from CNY 442,602,146.16 at the end of Q1 2022, reflecting a decline of 14.0%[35]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 49,101[15]. - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holds 105,067,336 shares, accounting for 35.83% of total shares[15]. Strategic Developments - The company completed the acquisition of 75% of Qingdao Hongdie New Materials Co., Ltd. on November 30, 2022, leading to adjustments in the previous year's quarterly data[6]. - The company plans to enhance independence and governance by reducing related party transactions with Hongxing Group[17]. - The company aims to improve its risk resistance and brand effect through this acquisition strategy[17]. - The company reported a significant increase in research and development expenses, totaling ¥4,768,760.98 in Q1 2023, compared to ¥4,153,331.31 in Q1 2022[28]. Other Income and Expenses - The company received various government subsidies totaling ¥9,316,825.48, which were included in the current period's profit and loss[9]. - Other income for Q1 2023 was ¥10,079,455.54, up from ¥2,437,979.12 in Q1 2022[28]. - Cash outflow for purchasing goods and services was CNY 236,374,654.27, a decrease of 31.6% from CNY 345,691,582.36 in Q1 2022[33]. - Total cash outflow for employee compensation was CNY 100,583,374.00, slightly up from CNY 99,447,954.76 in the same quarter last year[34]. - The company reported a cash outflow of CNY 36,040,409.66 for the acquisition of fixed assets, significantly higher than CNY 7,629,207.41 in Q1 2022, indicating increased investment in long-term assets[34].

股票简称：红星发展 股票代码：600367 编号：临 2023-037 贵州红星发展股份有限公司 一、说明会类型 本次说明会为公司 2022 年度网上业绩说明会。公司已于 2023 年 4 月 21 日 在上海证券报和上海证券交易所网站披露了公司 2022 年年度报告。公司根据贵 州证券业协会《关于举办贵州辖区上市公司投资者集体接待日活动（2022 年度 业绩说明会）暨公司治理专题培训的通知》，决定举办公司 2022 年度网上业绩说 明会暨投资者集体接待日活动。 二、说明会召开的时间和方式 投资者参与本次网上业绩说明会暨投资者集体接待日活动的网上交流时间 为 2023 年 5 月 17 日 15:30 至 17:00，交流方式为网络形式。 三、公司参加人员 公司总经理、财务总监万洋，董事会秘书陈国强出席本次网上业绩说明会暨 投资者集体接待日活动。 四、投资者参加方式 关于举办 2022 年度业绩说明会暨投资者集体接待日 活动预告公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 1 网上交流时间：202 ...

Financial Performance - The company reported a total distributable profit of RMB 766,435,142.03 as of December 31, 2022, with a proposed cash dividend of RMB 0.8 per 10 shares, amounting to a total cash dividend of RMB 23,458,928 (including tax), which represents 10.92% of the net profit attributable to shareholders for the year [6]. - The company's operating revenue for 2022 was ¥2,853,391,617.66, representing a 12.33% increase compared to ¥2,540,118,013.49 in 2021 [27]. - The net profit attributable to shareholders for 2022 decreased by 26.83% to ¥214,858,638.66 from ¥293,641,201.72 in 2021 [27]. - The basic earnings per share for 2022 was ¥0.74, down 26.00% from ¥1.00 in 2021 [29]. - The total profit for 2022 decreased by 32.57% to CNY 27,552.34 million from CNY 40,860.71 million in 2021 [49]. - The company reported a significant decrease in investment income, down 60.83% to CNY 772,198.04, primarily due to reduced debt restructuring gains from a subsidiary [57][59]. - The company reported a net profit of -¥23,339,513.12 in the fourth quarter of 2022, contrasting with positive profits in the earlier quarters [31]. Dividend and Capital Management - The company plans to maintain its cash dividend distribution ratio even if there are changes in the total share capital before the dividend distribution date [6]. - The company has not proposed any capital reserve transfer to increase share capital for the year [6]. - The company’s total share capital as of December 31, 2022, is 29,323,660 shares [6]. Risk Factors - The company has faced risks related to safety production, environmental protection, product price fluctuations, and rising prices of key raw materials, which are detailed in the management discussion and analysis section [9]. - The company’s future plans and development strategies are subject to investment risks and do not constitute a commitment to investors [7]. - The overall economic downturn has impacted the demand for the company's products, particularly in the third quarter of 2022, leading to a decline in sales prices [40]. Acquisitions and Investments - The company acquired 75% of Qingdao Hongdie New Materials Co., Ltd., resulting in adjustments to quarterly data due to the business combination [31]. - The company completed the acquisition of 75% equity in Hongdie New Materials, enhancing its risk resistance capabilities and extending its barium salt industry chain [40]. - The company initiated a refinancing plan in July 2022, aiming to raise CNY 580 million for acquiring 75% of Qingdao Hongdie New Materials Co., Ltd. and funding a new project for 50,000 tons/year of high-purity manganese sulfate for power batteries [56]. Operational Performance - The net cash flow from operating activities for 2022 was ¥283,876,957.10, an increase of 11.12% compared to ¥255,479,052.59 in 2021 [28]. - The total assets at the end of 2022 were ¥2,862,860,333.40, a slight decrease of 0.47% from ¥2,876,365,000.33 at the end of 2021 [28]. - The company's net assets attributable to shareholders decreased by 10.54% to ¥1,734,967,815.11 at the end of 2022 from ¥1,939,336,402.94 at the end of 2021 [28]. - The company’s management expenses rose by 24.45% to RMB 194.91 million, while financial expenses decreased significantly by 278.65% due to exchange gains [82]. Market Conditions - The inorganic chemical materials industry is experiencing intense price competition, with increasing demands for product performance and quality from downstream customers [41]. - The electronic chemical materials sector faced challenges due to high prices of battery-grade lithium carbonate, leading to weak demand in the ternary battery industry [42]. - The company’s product offerings include various barium and strontium salts, as well as manganese-based products, catering to diverse applications in industries such as ceramics, electronics, and batteries [43]. Corporate Governance - The company’s board of directors and senior management have confirmed the authenticity, accuracy, and completeness of the annual report [4]. - The company has established a performance evaluation and incentive mechanism for senior management, linking their compensation to company performance [173]. - The company maintains independence from its controlling shareholder in business, personnel, assets, and finances, ensuring autonomous operations [171]. Research and Development - Research and development expenses totaled RMB 73.99 million, constituting 2.59% of the annual revenue, with no capitalized R&D expenditures [84][85]. - The company has 360 R&D personnel, making up 11.58% of the total workforce, with a focus on enhancing product quality and developing new technologies [86][87]. - The company is focusing on enhancing its technological capabilities and product innovation through its provincial-level technology centers and specialized teams [47]. Environmental and Sustainability Initiatives - The company implemented various green initiatives, including the replacement of coal-fired boilers with gas boilers, contributing to its sustainability goals [53]. - The company has implemented a closed-loop management system for its production processes, achieving zero discharge for wastewater from barium carbonate and barium sulfate production [114]. - The company is committed to green low-carbon manufacturing and aims to establish a green factory through energy management and innovative processes [160]. Future Outlook - The company plans to produce 24,650 tons of high-purity manganese sulfate in 2023, reflecting a 2.67% increase from the 2022 actual production [161]. - The company aims to increase barium carbonate production to 238,000 tons in 2023, a 13.28% increase from 210,097 tons in 2022 [161]. - Future guidance suggests an expected revenue growth of 12% for the next fiscal year, driven by new market entries and product innovations [182].

股票简称：红星发展 股票代码：600367 编号：临 2023-036 贵州红星发展股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 05 月 04 日(星期四)上午 11:00-12:00 会议召开地点： 上海证券 交易所上证路演中心（ 网 址 ： http://roadshow.sseinfo.com） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 24 日(星期一)至 04 月 28 日(星期五)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 (chenguoqiang@hxfz.com.cn)进行提问。公司将在说明会上对投资者普遍关注的问 题进行回答。 贵州红星发展股份有限公司（以下简称公司）已于 2023 年 4 月 21 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财 务状况，公司计划于 2023 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥640,004,659.13, representing a year-on-year increase of 17.54%[5] - The net profit attributable to shareholders for Q3 2022 was ¥26,439,806.70, a decrease of 61.51% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.09, down 62.50% year-on-year[6] - The net profit attributable to shareholders for the year-to-date period was ¥220,445,195.48, an increase of 61.42% year-on-year[5] - The net profit attributable to the parent company increased by 61.42% year-to-date compared to the same period last year, primarily due to higher sales prices of key products such as barium carbonate and lithium carbonate[12] - The net profit attributable to the parent company, excluding non-recurring gains and losses, increased by 65.12% year-to-date compared to the same period last year[12] - Basic and diluted earnings per share increased by 61.70% year-to-date compared to the same period last year[12] - The net profit attributable to the parent company for the current reporting period decreased by 61.51% compared to the same period last year, mainly due to a decline in sales volume of key products[12] - The net profit attributable to the parent company, excluding non-recurring gains and losses, decreased by 61.82% for the current reporting period compared to the same period last year[12] - Basic and diluted earnings per share for the current reporting period decreased by 62.50% compared to the same period last year[12] - Total operating revenue for the first three quarters of 2022 reached ¥1,845,362,003.39, an increase of 26.7% compared to ¥1,455,394,571.74 in the same period of 2021[27] - Net profit for the first three quarters of 2022 was ¥242,154,239.49, representing a 47.2% increase from ¥164,519,872.45 in the same period of 2021[29] - The total comprehensive income for the third quarter of 2022 was CNY 242,154,239.49, an increase from CNY 160,569,872.45 in the same period of 2021, representing a growth of approximately 50.7%[30] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥2,708,520,788.48, reflecting a 15.63% increase from the end of the previous year[6] - The company's total assets as of the end of Q3 2022 amounted to ¥2,708,520,788.48, compared to ¥2,342,426,926.25 at the end of Q3 2021, reflecting a growth of 15.6%[23] - Total liabilities increased to ¥767,494,772.66 in Q3 2022, up from ¥611,677,267.63 in Q3 2021, marking a rise of 25.5%[23] - The total equity attributable to shareholders at the end of Q3 2022 was ¥1,844,705,535.54, up 12.41% from the end of the previous year[6] - The total equity attributable to shareholders reached ¥1,844,705,535.54 in Q3 2022, up from ¥1,641,048,161.31 in Q3 2021, reflecting an increase of 12.3%[23] Cash Flow - The company reported a cash flow from operating activities of ¥141,096,978.85 for the year-to-date period, a decrease of 3.47% compared to the previous year[6] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 1,415,705,280.17, up from CNY 999,217,132.86 in the same period of 2021, indicating a growth of about 41.8%[33] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 141,096,978.85, slightly down from CNY 146,174,012.05 in the previous year[34] - The net cash flow from investing activities for the first three quarters of 2022 was -CNY 15,195,658.16, an improvement from -CNY 31,980,741.44 in the same period of 2021[34] - Cash inflow from financing activities for the first three quarters of 2022 totaled CNY 113,700,000.00, significantly higher than CNY 40,000,000.00 in the same period of 2021[35] - The net increase in cash and cash equivalents for the first three quarters of 2022 was CNY 160,647,174.34, compared to CNY 81,930,640.53 in the same period of 2021, marking an increase of 96%[35] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2022 was CNY 565,317,786.72, up from CNY 380,123,444.16 at the end of the same period in 2021[35] Investments and Expenses - The company received government subsidies totaling ¥1,840,912.93 during the reporting period, which contributed to its non-operating income[9] - The company reported a non-recurring loss from the disposal of non-current assets amounting to ¥1,560,559.01 for Q3 2022[8] - Research and development expenses for the first three quarters of 2022 were ¥4,980,636.30, significantly higher than ¥1,057,434.63 in the same period of 2021, showing an increase of 370.5%[27] - The company paid CNY 56,503,121.44 in dividends and interest during the first three quarters of 2022, compared to CNY 10,924,227.86 in the same period of 2021, reflecting an increase of 418.5%[35] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 1.49%, a decrease of 3.14 percentage points compared to the previous year[6] - The company's cash and cash equivalents increased to ¥1,868,110,620.10 in Q3 2022, compared to ¥1,466,655,934.92 in Q3 2021, indicating a growth of 27.4%[21] - The company reported a decrease in investment property value to ¥6,854,798.19 in Q3 2022 from ¥7,361,308.71 in Q3 2021, a decline of 6.9%[21] - The company's financial expenses showed a significant improvement, with a net financial income of ¥14,023,651.92 in Q3 2022 compared to a financial expense of ¥2,136,521.95 in Q3 2021[27] - Accounts receivable increased to approximately RMB 325.21 million from RMB 270.70 million at the end of 2021[19] - Inventory increased to approximately RMB 668.88 million from RMB 436.95 million at the end of 2021[19] - The company plans to participate in the auction for 75% equity of Qingdao Hongdie New Materials Co., Ltd., with a transaction deposit of RMB 30 million submitted[16]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately RMB 1.21 billion, representing a 32.33% increase compared to RMB 910.90 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was approximately RMB 194.01 million, a significant increase of 185.81% from RMB 67.88 million in the previous year[21]. - Basic earnings per share for the first half of 2022 reached RMB 0.67, up 191.30% from RMB 0.23 in the same period last year[21]. - The weighted average return on net assets increased to 11.19%, up 6.37 percentage points from 4.82% in the previous year[21]. - The net profit after deducting non-recurring gains and losses for the first half of 2022 was approximately RMB 191.67 million, a 199.77% increase from RMB 63.94 million in the same period last year[21]. - The company reported a total profit increase of ¥245,567,075.70, representing a 172.51% year-on-year growth from ¥90,114,676.00[41]. - The company achieved a net profit margin improvement, with net profit figures to be detailed in future reports, indicating positive operational efficiency trends[143]. Cash Flow and Assets - The net cash flow from operating activities for the first half of 2022 was approximately RMB 64.94 million, a decrease of 10.25% compared to RMB 72.36 million in the same period last year[21]. - The total assets of the company at the end of the reporting period were approximately RMB 2.66 billion, reflecting a 13.57% increase from RMB 2.34 billion at the end of the previous year[21]. - The total current assets increased to ¥1,820,018,923.15 from ¥1,466,655,934.92, reflecting a growth of approximately 24.1%[133]. - Cash and cash equivalents rose to ¥456,919,559.06 from ¥427,201,428.68, an increase of about 6.1%[133]. - Accounts receivable increased to ¥382,323,661.07 from ¥270,700,160.98, representing a growth of approximately 41.2%[133]. - Inventory increased to ¥671,852,933.80 from ¥436,954,136.69, showing a rise of about 53.5%[133]. Production and Sales - The company has a barium carbonate production capacity of 290,000 tons/year, with a production of 109,300 tons in the first half of 2022, a year-on-year decrease of 11.1%[33]. - The sales volume of barium carbonate was 91,100 tons, down 3.6% year-on-year, reflecting a decline in both production and sales amid a downturn in the domestic market[34]. - The company achieved a strontium carbonate production of 12,900 tons in the first half of 2022, an increase of 20.3% year-on-year, with sales rising by 7.5% to 11,600 tons[35]. - The company’s sulfate barium production capacity is nearly 60,000 tons/year, with a production of 25,200 tons in the first half of 2022, down 21.7% year-on-year, and sales of 21,200 tons, a decrease of 32.7%[35]. - The company’s electrolytic manganese dioxide production capacity is 30,000 tons/year, with a production of 13,300 tons in the first half of 2022, an increase of 9.9% year-on-year, while sales decreased by 24.4% to 10,500 tons[37]. Research and Development - The company continues to enhance its R&D capabilities, emphasizing independent innovation and collaboration with research institutions and universities[33]. - The company's research and development expenses surged by 404.13% to approximately ¥3.3 million, up from ¥656,136.62 in the previous year, indicating increased investment in R&D[54]. - The company’s research and development expenses for the first half of 2022 were CNY 3,307,583.21, significantly higher than CNY 648,585.41 in the same period of 2021, indicating a focus on innovation[148]. Market and Strategy - The company is focusing on expanding its market presence in high-purity barium products despite challenges in the domestic market, with increased efforts in international markets[34]. - The company is actively expanding its market presence by adjusting sales strategies and optimizing market distribution to maximize overall revenue[48]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[163]. Risks and Challenges - The company has identified various risks including raw material price increases and potential declines in product demand, which are detailed in the report[7]. - The company faces risks from rising raw material and fuel prices, which significantly impact production costs, necessitating measures to secure stable supply and control procurement costs[67]. - The demand for key products such as barium carbonate and manganese sulfate has slowed, leading to a decline in sales prices, which poses risks to the company's annual performance[68]. Environmental and Social Responsibility - The company generated 10.359 tons of particulate matter emissions, with an average concentration of 13.034 mg/m3, and 72.395 tons of nitrogen oxides with an average concentration of 91.095 mg/m3[78]. - The company has implemented comprehensive treatment and recycling of industrial wastewater, significantly reducing wastewater discharge[82]. - The company invested CNY 892,000 in community infrastructure and support for local schools and disadvantaged individuals during the reporting period[89]. Corporate Governance - The company has no external guarantees (excluding guarantees to subsidiaries) during the reporting period, with a total guarantee balance of 105 million RMB at the end of the reporting period[111]. - The total number of common shareholders as of the end of the reporting period is 50,639[116]. - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holds 105,067,336 shares, representing 35.83% of the total shares[118].