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].

股票简称：红星发展 股票代码：600367 编号：临 2022-021 贵州红星发展股份有限公司 2021 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 2021 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 2022 年 5 月 13 日 09:30 至 11:30， 交流方式为网络形式。 三、公司参加人员 公司总经理梁启波，董事长助理、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。 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 2021 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 2021 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公司 ...

贵州红星发展股份有限公司 2021 年度业绩说明会暨投资者集体接待日活动 召开情况纪要 本次业绩说明会投资者提出的主要问题及公司答复： 1、投资者问：贵公司去年业绩大幅增长，今年是否还能保持？ 公司回答：投资者，您好。公司 2022 年 4 月 28 日已经披露公司 2022 年第 一季度报告，具体数据请您查看公司披露的相关公告，2022 年全年业绩情况请 您届时关注公司披露的业绩预告或定期报告。谢谢。 2、投资者问：公司锂矿业务发展规划蓝图如何？ 公司回答：投资者，您好。公司暂未涉及到您关注的锂矿业务。谢谢。 3、投资者问：各地疫情间歇性小范围出现，对公司有多大影响？ 公司回答：投资者，您好。受新冠肺炎疫情影响，导致物流成本攀升，给公 司成本控制带来了一定压力。谢谢。 4、投资者问：贵公司业绩是否有季节性，一般第几季度为业绩高峰期？ 公司回答：投资者，您好。公司各季度经营情况在年度报告中进行了披露， 具体信息请您查看公司 2022 年 4 月 22 日披露的《2021 年年度报告》第二节 公 司简介和主要财务指标 九、2021 年分季度主要财务数据。谢谢。 5、投资者问：碳酸锂什么时候可以满产？ 公司回答： ...

股票简称：红星发展 股票代码：600367 编号：临 2022-019 贵州红星发展股份有限公司 关于举办 2021 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： 网上交流时间：2022 年 5 月 13 日 09:30 至 11:30 活动交流方式：网络形式 一、说明会类型 本次说明会为公司 2021 年度网上业绩说明会。公司已于 2022 年 4 月 22 日 在上海证券报和上海证券交易所网站披露了公司 2021 年年度报告。对此，公司 根据贵州证券业协会《关于举办 2021 年度贵州辖区上市公司业绩说明会暨专题 培训的通知》，决定举办公司 2021 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 2022 年 5 月 13 日 09:30 至 11:30，交流方式为网络形式。 三、公司参加人员 公司总经理梁启波，董事长助理、财务总监万洋，董事会秘书陈国强出 ...

Financial Performance - The company's operating revenue for Q1 2022 was CNY 594,653,765.48, representing a year-on-year increase of 56.06%[5] - The net profit attributable to shareholders of the listed company reached CNY 83,432,004.30, a significant increase of 553.10% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 82,507,683.94, reflecting a year-on-year increase of 668.02%[5] - The basic earnings per share for the period was CNY 0.287, up 552.27% year-on-year[5] - Operating profit for Q1 2022 was ¥107,187,630.09, up from ¥18,445,382.47 in Q1 2021, reflecting a growth of 480.5%[27] - Net profit attributable to shareholders of the parent company for Q1 2022 was ¥83,432,004.30, compared to ¥12,774,787.40 in Q1 2021, marking an increase of 553.5%[28] - Basic and diluted earnings per share for Q1 2022 were both ¥0.287, compared to ¥0.044 in Q1 2021, reflecting a growth of 552.3%[29] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,414,766,472.02, an increase of 3.09% from the end of the previous year[5] - The total number of common shareholders at the end of the reporting period was 48,020[14] - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holds 105,067,336 shares, accounting for 35.83% of total shares[15] - The company's cash and cash equivalents decreased to ¥403,590,476.77 from ¥427,201,428.68 at the end of 2021, a decline of approximately 5.5%[20] - Accounts receivable increased to ¥353,253,919.81 from ¥270,700,160.98, representing a growth of about 30.5% year-over-year[20] - Inventory rose to ¥459,690,298.32, up from ¥436,954,136.69, indicating an increase of approximately 5.2%[20] - Current liabilities decreased slightly to ¥557,830,687.07 from ¥584,811,385.58, a reduction of about 4.6%[22] - Total liabilities decreased to ¥584,270,296.68 in Q1 2022 from ¥611,677,267.63 in Q1 2021, a reduction of 4.8%[23] - The total equity attributable to shareholders of the parent company increased to ¥1,726,040,977.48 in Q1 2022 from ¥1,641,048,161.31 in Q1 2021, an increase of 5.2%[23] Cash Flow - The net cash flow from operating activities was negative at CNY -35,218,180.45, indicating a decrease compared to the previous year[5] - The company reported a net cash inflow from operating activities of ¥413,638,288.43 in Q1 2022, compared to ¥271,803,744.70 in Q1 2021, representing a growth of 52.1%[31] - The net cash flow from operating activities was -$35.22 million, compared to -$22.79 million in the previous year, indicating a decline in operational performance[32] - Total cash outflow from operating activities amounted to $448.86 million, up from $294.60 million year-over-year[32] - Cash inflow from financing activities was $36.20 million, a decrease from $40.00 million in the previous year[33] - The net cash flow from financing activities was $18.68 million, compared to -$1.65 million in the previous year, showing an improvement[33] - The company raised $6.20 million from minority shareholders during the quarter, which was not present in the previous year[33] - Cash and cash equivalents at the end of the period totaled $381.06 million, down from $404.67 million at the beginning of the period[33] - The cash flow from investment activities was negative at -$7.20 million, compared to -$15.50 million in the previous year, indicating reduced investment outflows[32] - The company paid $10.00 million in debt repayment, down from $40.00 million in the previous year, reflecting a decrease in debt servicing[33] - The company experienced a net decrease in cash and cash equivalents of $23.61 million, compared to a decrease of $39.84 million in the previous year[33] Operational Challenges and Strategies - The company experienced a significant increase in sales prices of key products such as barium carbonate and lithium carbonate, contributing to revenue growth[11] - The company faced challenges in sourcing barite for barium salt production due to reduced upstream mining activity, leading to increased procurement costs[17] - The company implemented measures to expand ore supply channels and adjust sales strategies to mitigate risks associated with increased production costs[17] Government Support - The company received government subsidies totaling CNY 1,581,077.12 during the reporting period, which included various project funds[8] Research and Development - Research and development expenses increased to ¥767,316.55 in Q1 2022 from ¥12,427.55 in Q1 2021, indicating a significant investment in innovation[26] Asset Quality - The company reported a credit impairment loss of ¥-7,072,185.48 in Q1 2022, compared to a gain of ¥1,838,228.39 in Q1 2021, indicating a shift in asset quality[27] - Deferred income tax liabilities decreased to ¥1,785,008.37 in Q1 2022 from ¥1,859,530.80 in Q1 2021, a decline of 4.0%[23]

Financial Performance - The company reported a total distributable profit of RMB 667,076,290.70 as of December 31, 2021[5]. - The company's operating revenue for 2021 was CNY 2,195,466,084.13, representing a year-on-year increase of 59.36% compared to CNY 1,377,647,243.65 in 2020[26]. - The net profit attributable to shareholders for 2021 was CNY 263,071,485.09, a significant increase of 377.41% from CNY 55,103,500.62 in 2020[26]. - The basic earnings per share for 2021 was CNY 0.90, up 373.68% from CNY 0.19 in 2020[28]. - The total assets at the end of 2021 were CNY 2,342,426,926.25, reflecting a 15.43% increase from CNY 2,029,365,232.21 at the end of 2020[27]. - The net cash flow from operating activities for 2021 was CNY 257,762,040.30, a substantial increase of 769.65% compared to CNY 29,639,641.62 in 2020[27]. - The weighted average return on equity for 2021 was 17.48%, an increase of 13.42 percentage points from 4.06% in 2020[28]. - The company reported a net profit of CNY 126,509,124.53 in Q4 2021, which was the highest quarterly profit for the year[30]. - The total net assets attributable to shareholders at the end of 2021 were CNY 1,641,048,161.31, an 18.92% increase from CNY 1,379,961,776.78 at the end of 2020[27]. Dividend Distribution - The proposed cash dividend distribution is RMB 1.00 per 10 shares, totaling RMB 29,323,660 (including tax), which represents 11.15% of the net profit attributable to shareholders for 2021[5]. - The cash dividend ratio for the year 2021 is 11.15% of the net profit attributable to shareholders[198]. - The independent directors support the profit distribution plan, emphasizing the balance between shareholder returns and future funding needs[199]. - The profit distribution plan aligns with the company's three-year shareholder return strategy (2021-2023) and relevant legal regulations[199]. - The company will adjust the total cash dividend amount if there are changes in total share capital due to stock buybacks or other factors[198]. Operational Strategy and Market Expansion - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years[26]. - The company plans to enhance its product quality and expand its market presence in response to increasing customer demands for high-performance products[40]. - The company is focusing on innovation and upgrading its management processes to improve operational efficiency and sustainability[42]. - The company plans to continue expanding its product offerings and enhancing research and development efforts to drive future growth[56]. - The company is actively pursuing innovation in product development to increase the proportion of high-value-added products in response to the rapid growth of the new energy sector[147]. - The company is expanding its market presence, targeting a 25% increase in market share in the next two years[171]. Risks and Challenges - The company faces potential risks including environmental regulation, raw material price increases, and talent retention[11]. - The company faced challenges with raw material supply and increased procurement costs, leading to a historical high in external mineral procurement volume[49]. - The company is facing risks related to rising raw material and fuel prices, which significantly impact production costs[149]. - The company faces a talent acquisition risk due to a shortage of high-end professionals, particularly in new product development and refined management[150]. Research and Development - Research and development expenses surged by 294.17% year-on-year, amounting to CNY 2,070,905.74[56]. - The total R&D investment was 61.09 million yuan, representing 2.78% of the company's operating revenue for 2021[74]. - The company has implemented an annual training plan to improve the overall quality and operational skills of its employees[195]. - The company submitted 8 patent applications during the reporting period, with 3 patents granted, including two invention patents[98]. Environmental and Sustainability Efforts - The company implemented various environmental protection measures, achieving a 100% comprehensive utilization rate of solid waste in its subsidiary, Dazhu Hongdie[49]. - The production process for Barium Carbonate and Barium Sulfate has achieved zero emissions through comprehensive waste utilization[99][101]. - The company aims to enhance its safety and environmental management systems, implementing a comprehensive safety production control system[140]. - The management emphasized a commitment to sustainability, aiming for a 40% reduction in carbon emissions by 2025[171]. Governance and Compliance - The company adheres to legal and regulatory requirements in its governance structure, ensuring independent operation of the board and supervisory committee[153]. - The company emphasizes transparency in information disclosure, ensuring all shareholders have equal access to information[156]. - The company has not faced any penalties from securities regulatory agencies in the past three years[178]. - The company’s board of directors has been re-elected and new members appointed during the annual shareholder meetings[176]. Financial Audit and Reporting - The company’s financial report received a standard unqualified audit opinion from Zhongxinghua Accounting Firm[5]. - The audit report for the 2020 financial statements was issued by Zhongxinghua Accounting Firm, confirming the accuracy and completeness of the company's financial status and operations[185]. - The audit committee found no significant risks related to investment income recognition and operating revenue recognition that would impact the company[186].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 544,496,408.41, representing a year-on-year increase of 65.59%[5] - The net profit attributable to shareholders for the same period was CNY 68,683,969.15, with a year-to-date net profit of CNY 136,562,360.56, reflecting a year-on-year increase of 61.93%[5] - The basic and diluted earnings per share for Q3 2021 were both CNY 0.24[6] - The company's operating revenue increased by 61.93% year-to-date compared to the same period last year, primarily due to increased sales volume and prices of products such as strontium, sulfur, and battery-grade lithium carbonate[12] - The net profit attributable to the parent company increased significantly, driven by higher sales volumes and prices of key products including barium carbonate and lithium carbonate, as well as reduced investment losses and bad debt losses[12] - Total operating revenue for the first three quarters of 2021 reached ¥1,455,394,571.74, a significant increase from ¥898,797,869.49 in the same period of 2020, representing a growth of approximately 62%[31] - Net profit for the first three quarters of 2021 was ¥164,519,872.45, a turnaround from a net loss of ¥17,445,638.56 in the same period of 2020[32] - Total comprehensive income for the first three quarters of 2021 was ¥160,569,872.45, compared to a loss of ¥17,445,638.56 in 2020, indicating a significant recovery[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,287,795,034.76, marking a 12.73% increase from the end of the previous year[6] - The company's total assets amounted to RMB 2,287,795,034.76, an increase from RMB 2,029,365,232.21 at the end of 2020[24][28] - The company's current assets as of September 30, 2021, totaled RMB 1,411,316,903.72, compared to RMB 1,128,507,668.64 at the end of 2020, reflecting a growth of approximately 25%[26] - The company's total liabilities as of September 30, 2021, were RMB 682,941,453.53, up from RMB 584,480,916.71 at the end of 2020[28] - The total cash and cash equivalents at the end of Q3 2021 amounted to ¥380,123,444.16, up from ¥300,682,967.80 at the end of Q3 2020[40] - The company reported a total of ¥488,373,849.02 in current liabilities as of Q3 2021[45] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,191[16] - The largest shareholder, Qingdao Hongxing Chemical Group Co., Ltd., holds 105,067,336 shares, accounting for 35.82% of the total shares[16] - The equity attributable to shareholders increased to CNY 1,511,481,213.97, a rise of 9.53% compared to the previous year[6] - The total equity attributable to shareholders was ¥1,379,961,776.78 as of Q3 2021[46] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 146,174,012.05[6] - The net cash flow from operating activities increased by 3,377.64 thousand yuan year-to-date, attributed to higher sales volumes and prices, leading to increased sales revenue and improved cash collection[13] - The company reported a net cash flow from operating activities of ¥146,174,012.05 for the first three quarters of 2021, compared to ¥4,203,253.72 in 2020, showing a substantial improvement[39] - Cash inflow from operating activities totaled ¥999,217,132.86 in the first three quarters of 2021, compared to ¥548,365,931.04 in 2020, marking an increase of approximately 82%[39] Government Subsidies and Gains - Non-recurring gains and losses for the reporting period included CNY 1,491,500.50 from government subsidies closely related to the company's normal business operations[9] - The company received various government subsidies totaling CNY 1,557,554.85 for supporting projects and market expansion[9] - The company has benefited from tax rebates amounting to 2,119,140.54 yuan due to compliance with government regulations on resource utilization products[12] Strategic Initiatives - The company’s strategic focus includes enhancing product offerings and expanding market reach, although specific new products or technologies were not detailed in the report[12] - The company plans to publicly transfer its 31.92% equity and debt in Qingdao Hongxing Logistics to optimize its industrial layout and focus on core business[19] - The company is actively cooperating with relevant parties to complete the property certificate for Hongxing Logistics, with updates to be disclosed in a timely manner[21] Research and Development - Research and development expenses increased to ¥1,057,434.63 in the first three quarters of 2021, up from ¥352,366.35 in 2020, reflecting a growth of approximately 200%[31] Debt and Financing - The company paid ¥50,000,000.00 for debt repayment in Q3 2021, compared to ¥8,000,000.00 in Q3 2020[40] - The company secured ¥40,000,000.00 in cash from financing activities in 2021, doubling the amount from ¥20,000,000.00 in 2020, reflecting enhanced financing capabilities[39] - The net cash flow from financing activities was negative at -¥32,119,567.86 in Q3 2021, compared to -¥15,311,947.50 in Q3 2020[40] Inventory - The company has a total inventory of RMB 433,219,525.10 as of September 30, 2021, compared to RMB 320,033,998.25 at the end of 2020, indicating a significant increase[24]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥910,898,163.33, representing a 59.81% increase compared to ¥569,975,862.42 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was ¥67,878,391.41, a significant recovery from a loss of ¥6,570,795.49 in the previous year[23]. - The net cash flow from operating activities was ¥72,358,902.59, improving from a negative cash flow of ¥19,634,256.68 in the same period last year[23]. - Total profit amounted to ¥90,114,676.00, a significant recovery from a loss of ¥6,271,653.68 in the previous year[44]. - The company reported a net cash flow from operating activities of ¥72,358,902.59, recovering from a negative cash flow of ¥19,634,256.68[44]. - Operating profit for the first half of 2021 was ¥91,573,100.87, recovering from a loss of ¥6,158,328.59 in the first half of 2020[160]. - Net profit for the first half of 2021 was ¥80,885,262.12, compared to a net loss of ¥9,658,874.67 in the first half of 2020, indicating a strong turnaround[161]. Assets and Liabilities - The total assets of the company increased by 5.08% to ¥2,132,553,478.26 compared to ¥2,029,365,232.21 at the end of the previous year[23]. - Total liabilities increased to CNY 610,894,526.03, up from CNY 584,480,916.71, representing a growth of approximately 5.7%[150]. - Total equity attributable to shareholders rose to CNY 1,443,589,669.74, compared to CNY 1,379,961,776.78, reflecting an increase of about 4.6%[151]. - Cash and cash equivalents rose by 8.91% to RMB 325,596,493.49, accounting for 15.27% of total assets[61]. - Accounts receivable increased by 10.78% to RMB 218,217,789.97, representing 10.23% of total assets[61]. - Inventory slightly increased by 0.76% to RMB 322,477,097.18, making up 15.12% of total assets[61]. Production and Sales - The company has a barium carbonate production capacity of nearly 300,000 tons/year, with a production of 122,200 tons in the first half of 2021, an increase of 13,000 tons year-on-year, and sales of 125,200 tons, an increase of 15,200 tons year-on-year[34]. - The company’s sulfate barium production capacity is approximately 60,000 tons/year, achieving a production of 32,200 tons in the first half of 2021, an increase of 10,300 tons year-on-year, and sales of 31,400 tons, an increase of 9,500 tons year-on-year[35]. - The company’s strontium carbonate production capacity is 30,000 tons/year, with a production of 10,700 tons in the first half of 2021, remaining stable compared to the same period in 2020, and sales of 10,800 tons, a year-on-year increase of 37%[36]. - The company’s electrolytic manganese dioxide production capacity is 30,000 tons/year, with a production of 12,100 tons in the first half of 2021, an increase of 1,100 tons year-on-year, and sales of 13,900 tons, an increase of 4,300 tons year-on-year[38]. Research and Development - The company reported a 176.32% increase in R&D expenses, totaling ¥656,136.62, reflecting a commitment to new product development[56]. - The company is focusing on high-value-added products, enhancing production and R&D of high-purity barium carbonate and lithium carbonate[50]. - The company has established a high-level product technology R&D platform, with its subsidiaries recognized as high-tech enterprises, promoting innovation activities to enhance product quality[40]. Environmental and Social Responsibility - The company is committed to sustainable development by enhancing its internal environment and organizational efficiency through management innovation and talent development[41]. - The company has implemented strict safety and environmental measures, including investments in new monitoring systems and compliance with national regulations[51]. - The company’s commitment to environmental and social responsibility is noted, although specific initiatives were not detailed in the provided content[82]. - The company has established automatic online monitoring systems for air and wastewater emissions, ensuring compliance with environmental standards[90]. Market and Competition - The company faces risks including environmental protection, rising raw material prices, and intensified domestic competition[8]. - The company is actively pursuing market expansion and has added dozens of new domestic and international customers in the first half of 2021[54]. - The company is closely monitoring industry dynamics and strengthening ties with downstream customers to identify new growth opportunities[54]. Corporate Governance and Shareholder Matters - The company has undergone changes in its board of directors, with new independent directors elected and several senior management personnel appointed[75]. - The total amount of non-operating funds occupied by controlling shareholders and other related parties at the end of the reporting period was RMB 15.96 million, accounting for 0.01% of the latest audited net assets[101]. - The company has not reported any progress on its stock incentive plans since their initial announcement[77]. - The company’s actions regarding the cancellation of reserved restricted stock in January 2019 reflect a strategic decision to optimize its equity structure[79]. Challenges and Risks - The company is facing challenges such as tight supply of barite, rising coal prices, and increased competition in the sulfate barium market[35]. - The company faced rising raw material prices and supply risks, particularly for barite, celestite, manganese ore, coal, and electricity, leading to increased procurement difficulties[68]. - Export volumes decreased due to high shipping costs, while domestic competition intensified, impacting product pricing and availability[68].