Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥7.07 billion, representing a 24.29% increase compared to ¥5.69 billion in the same period last year[18]. - The net profit attributable to shareholders decreased by 74.44% to approximately ¥113.14 million from ¥442.61 million year-on-year[18]. - The basic earnings per share dropped by 75.00% to ¥0.11 from ¥0.44 in the previous year[17]. - The weighted average return on net assets decreased by 12.08 percentage points to 3.94% from 16.02% in the same period last year[17]. - The net cash flow from operating activities turned negative at approximately -¥203.29 million, compared to a positive cash flow of ¥182.72 million in the previous year, a decrease of 211.26%[18]. - Revenue for the first half of 2022 reached 7.068 billion RMB, a year-on-year increase of 24.29%, while net profit attributable to shareholders decreased by 74.44% to 113 million RMB[27]. - The total profit for the first half of 2022 was CNY 125,459,653, a decrease of 77.5% compared to CNY 557,416,483.20 in the same period of 2021[86]. - The company's net profit attributable to shareholders of the parent company was CNY 113,137,241.70, down 74.5% from CNY 442,610,192.30 in the first half of 2021[87]. Assets and Liabilities - The total assets increased by 12.48% to approximately ¥5.93 billion from ¥5.27 billion at the end of the previous year[18]. - Total assets as of June 30, 2022, amounted to ¥4,632,497,818.07, an increase from ¥4,020,062,153.96 at the beginning of the year[83]. - Current liabilities total ¥2,154,598,927.36, up from ¥1,548,439,005.74 at the beginning of the period, indicating a significant increase in short-term obligations[78]. - Total liabilities increased to ¥2,996,893,956.80 from ¥2,458,016,198.66, reflecting a growth of approximately 22%[78]. - The company's total equity stands at ¥2,935,693,992.42, showing a slight increase from the previous period[78]. - The company's total liabilities reached ¥2,249,385,780.97, compared to ¥1,681,643,415.25 at the beginning of the year, reflecting an increase of 33.8%[82]. Production and Sales - The company produced 1.0786 million tons of coke and 732,200 tons of H-beams in the first half of 2022, with sales of 1.0613 million tons of coke and 696,900 tons of H-beams[27]. - The sales volume of the main product, coke, decreased year-on-year, while the sales price of steel products also declined, leading to reduced gross profit margins[17]. - The company's coke production capacity is 2.4 million tons per year, making it a leading enterprise in Shanxi Province's coking industry[26]. Environmental and Regulatory Compliance - The company invested significantly in environmental projects to meet government requirements, improving its environmental governance and efficiency[25]. - The company has been recognized as a national pilot unit for circular economy, enhancing resource utilization and reducing environmental impact[25]. - The company constructed a wastewater treatment plant with a capacity of 20,000 m³/d, achieving zero wastewater discharge across all operations[48]. - The company has implemented various pollution control facilities, including flue gas desulfurization and denitrification systems, to comply with ultra-low emission requirements[48]. - The company aims for carbon peak by 2025 and carbon neutrality by 2060, implementing projects such as integrated desulfurization and dust removal for coke oven flue gas[55]. - The company has successfully maintained its pollution discharge levels within regulatory limits, demonstrating effective environmental management practices[47]. Market Risks and Challenges - The company highlighted risks related to market fluctuations in the steel and coke industries, as well as impacts from the pandemic[6]. - The steel industry faced a profit decline of 68.7% in the first half of 2022, with losses among enterprises increasing by 442.4%[23]. - The company faces market risks due to its reliance on the coke and H-beam steel industries, which are sensitive to macroeconomic conditions[39]. - Resource supply risks are present as the company relies on coal and steel billets, with potential price fluctuations affecting performance[39]. - Environmental protection costs are expected to rise due to stricter regulations in the coal and steel industries[40]. Corporate Governance and Management - The company held its annual general meeting on June 15, 2022, and the resolutions were disclosed on June 16, 2022[42]. - The company appointed new board members and management, including the election of Yang Jinlong as chairman and Guo Quanhua as general manager[44]. - The company has made no changes to its employee stock ownership plan or other incentive measures during the reporting period[45]. Research and Development - Research and development expenses for the first half of 2022 were ¥57,135,270.61, compared to ¥49,848,367.92 in the same period of 2021, showing a growth of 14.5%[85]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[88]. Financial Guarantees and Related Party Transactions - The total amount of related party transactions in the first half of 2022 reached approximately 1.95 billion yuan, with significant transactions including sales of coke and electricity[60]. - The company provided guarantees totaling RMB 3,132,644,454.77, which accounts for 106.98% of the company's net assets[64]. - The total amount of guarantees provided to shareholders, actual controllers, and their related parties is RMB 3,095,662,454.77[64]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2022[111]. - The company recognizes revenue when control of goods or services is transferred to the customer, which is when the customer can direct the use and obtain almost all economic benefits[178]. - The company assesses expected liabilities based on the best estimate of expenditures required to settle current obligations, considering risks and uncertainties[174]. - There are no changes to significant accounting policies reported by the company for the current period[200].

Revenue and Profitability - Revenue for Q1 2022 reached CNY 3,228,190,951.76, an increase of 21.99% compared to the same period last year[4] - Net profit attributable to shareholders decreased by 79.98% to CNY 51,073,391.42[4] - Basic and diluted earnings per share fell by 80.00% to CNY 0.05[4] - The total revenue from sales of goods and services in Q1 2022 was CNY 3,365,779,364.89, an increase of 11.8% from CNY 3,009,586,143.85 in Q1 2021[18] - In Q1 2022, the company's net profit was CNY 51,158,408.53, a decrease of 80% compared to CNY 255,178,810.29 in Q1 2021[15] - The operating profit for Q1 2022 was CNY 66,525,678.55, down from CNY 340,617,774.63 in the same period last year, reflecting a decline of approximately 80%[15] - The company reported a total comprehensive income of CNY 51,158,408.53 in Q1 2022, significantly lower than CNY 255,178,810.29 in Q1 2021[16] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -139,814,936.94, a decrease of 179.68%[4] - The net cash flow from operating activities in Q1 2022 was negative at CNY -139,814,936.94, compared to a positive CNY 175,481,166.41 in Q1 2021[18] - Cash and cash equivalents decreased to ¥403,218,826.23 as of March 31, 2022, down from ¥613,656,280.00 at the end of 2021, representing a decline of 34.2%[10] - The cash and cash equivalents at the end of Q1 2022 were CNY 363,218,826.23, down from CNY 396,594,257.71 at the end of Q1 2021[19] - The investment activities generated a net cash outflow of CNY -55,141,966.71 in Q1 2022, compared to a net inflow of CNY 5,912,769.68 in Q1 2021[19] - The financing activities resulted in a net cash outflow of CNY -55,466,150.72 in Q1 2022, compared to a net outflow of CNY -38,799,398.48 in Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,294,938,280.32, a slight increase of 0.39% from the end of the previous year[5] - The total assets of the company amounted to ¥5,294,938,280.32 as of March 31, 2022, slightly up from ¥5,274,323,616.09 at the end of 2021[12] - Total liabilities decreased to ¥2,424,056,697.74 in Q1 2022 from ¥2,458,016,198.66 in Q4 2021, reflecting a reduction of 1.4%[12] - The company's equity increased to ¥2,870,881,582.58 as of March 31, 2022, compared to ¥2,816,307,417.43 at the end of 2021, showing a growth of 1.9%[12] Operational Performance - The increase in revenue was driven by higher sales prices of main products, but raw material costs rose faster than sales prices, impacting net profit[6] - The company experienced increased inventory levels and accounts receivable due to the impact of the pandemic, contributing to cash flow issues[6] - Total operating costs for Q1 2022 were ¥3,161,149,832.53, up from ¥2,314,143,584.71 in Q1 2021, reflecting a year-over-year increase of 36.6%[14] - Research and development expenses for Q1 2022 were ¥20,388,353.81, significantly higher than ¥52,481.93 in Q1 2021, indicating a strategic focus on innovation[14] Shareholder Information - There were 52,460 common shareholders at the end of the reporting period, with the largest shareholder holding 31.57% of the shares[8] - The weighted average return on equity decreased by 7.75 percentage points to 1.80%[4]

Financial Performance - In 2021, the company's operating revenue reached CNY 12.99 billion, an increase of 47.78% compared to CNY 8.79 billion in 2020[19]. - The net profit attributable to shareholders was CNY 283.38 million, a decrease of 14.87% from CNY 332.87 million in 2020[19]. - The net cash flow from operating activities was CNY 485.03 million, down 31.13% from CNY 704.26 million in 2020[19]. - The total assets at the end of 2021 were CNY 5.27 billion, a decrease of 5.28% compared to CNY 5.57 billion at the end of 2020[19]. - The net assets attributable to shareholders increased by 10.59% to CNY 2.81 billion from CNY 2.54 billion in 2020[19]. - Basic earnings per share for 2021 were CNY 0.2815, down 14.85% from CNY 0.3306 in 2020[20]. - The weighted average return on equity decreased by 5.15 percentage points to 10.57% from 15.72% in 2020[20]. - The company reported a total comprehensive income of CNY 277,697,744.03 for 2021, compared to CNY 333,298,289.16 in 2020, reflecting a decrease of 16.7%[172]. - The company reported a net loss of CNY 26,722,498.59 in 2021, compared to a loss of CNY 310,103,037.29 in 2020, indicating an improvement in financial performance[164]. Revenue and Sales - The company produced 2.182 million tons of coke and 1.444 million tons of H-beam steel during the year, with sales of 2.184 million tons of coke and 1.429 million tons of H-beam steel[34]. - The company’s coke sales revenue was RMB 5.368 billion, reflecting a year-on-year increase of 48.62%, while the H-beam steel sales revenue was RMB 6.568 billion, with a year-on-year increase of 49.43%[41]. - The average selling price of coke increased to RMB 2,458.19 per ton, up by RMB 877.90 per ton compared to the previous year, while the average selling price of H-beam steel rose to RMB 4,596.05 per ton, an increase of RMB 1,316.71 per ton[43]. - The total operating revenue reached RMB 12.99 billion, an increase of 47.78% year-on-year, while the net profit attributable to shareholders decreased by 14.87% to RMB 283 million[34][37]. Operating Costs and Expenses - The company’s operating costs increased by 53.06% year-on-year to RMB 12.32 billion, primarily due to rising prices of raw materials such as coking coal and steel billets[39]. - The company’s research and development expenses increased by 28.14% year-on-year to RMB 111.20 million, indicating a focus on innovation and technology advancement[37]. - Sales expenses increased by 7.13% year-on-year, while management expenses rose by 25.96%[58]. - Financial expenses decreased by 30.73% year-on-year due to reduced interest expenses from lower debt levels[58]. Cash Flow and Investments - The net cash flow from operating activities was 48,502.95 million yuan, a decrease of 21,923.18 million yuan year-on-year, primarily due to an increase in inventory and a decrease in operating payables[61]. - The net cash flow from investing activities was -17,711.24 million yuan, an increase of 36,224.63 million yuan year-on-year, mainly due to reduced cash payments for investments during the reporting period[61]. - The net cash flow from financing activities was 5,174.35 million yuan, an increase of 20,916.46 million yuan year-on-year, primarily driven by a greater increase in cash received from borrowings compared to cash paid for debt repayment[61]. Environmental and Social Responsibility - The company has initiated multiple environmental protection and energy-saving projects, contributing to its goal of achieving carbon neutrality[27]. - The company has invested heavily in environmental protection measures, including wastewater treatment and dust removal systems, to comply with increasingly stringent environmental policies[76]. - The company has actively participated in social responsibility initiatives, donating 1 million yuan for flood relief in Henan and 5 million yuan for disaster recovery in Jiexiu[120]. - The company aims to achieve carbon peak by 2025 and carbon neutrality by 2060, focusing on low-carbon technology and energy structure optimization[118]. Governance and Management - The total compensation for the board members and senior management during the reporting period amounted to 2.4623 million yuan[80]. - The company’s governance structure includes a clear delineation of roles and responsibilities among its board members and management[86]. - The management team has remained stable, with no significant changes in personnel during the reporting period[80]. - The company has not reported any significant changes in shareholder structure or voting rights during the reporting period[80]. Related Party Transactions - The company reported a total of related party transactions amounting to approximately RMB 3.53 billion in 2021, with significant transactions including RMB 2.86 billion for coke and electricity sales[129]. - The company has provided guarantees totaling CNY 3.594 billion to its affiliate, Shanxi Xintai Steel Co., which is 127.76% of the owner's equity attributable to the parent company[194]. - The company has implemented a monthly settlement policy with related parties starting June 2021 to ensure consistency in settlement policies[104]. Future Outlook and Strategy - The company plans to enhance operational management across production stages to improve existing business profitability and address potential operational risks[77]. - The company aims to enhance its core business in coking and steel rolling while expanding into upstream and downstream industries to increase product value and competitiveness[73]. - The company is responding to national policies aimed at energy conservation and carbon reduction, which will guide its future development strategies[72].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,750,609,715.49, an increase of 55.24% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was CNY 10,114,618.81, a decrease of 81.96% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 9,554,703.93, down 91.49% compared to the previous year[2]. - The total revenue for the first three quarters of 2021 reached CNY 9,437,408,328.74, representing a significant increase of 52.5% compared to CNY 6,201,121,262.89 in the same period of 2020[13]. - The operating profit for the first three quarters of 2021 was CNY 559,571,989.48, up from CNY 177,478,460.73 in the previous year, indicating a growth of 215.5%[13]. - The company reported a net profit of CNY 557,723,802.06 for the first three quarters of 2021, compared to CNY 77,779,098.24 in the same period of 2020, marking a growth of 615.5%[13]. - The net profit for Q3 2021 was CNY 453,012,150.90, a significant increase from CNY 63,365,832.06 in Q3 2020, representing a growth of approximately 613.5%[14]. - The basic and diluted earnings per share for Q3 2021 were both CNY 0.45, compared to CNY 0.06 in Q3 2020, indicating a substantial increase of 650%[14]. - The company reported a total comprehensive income of CNY 453,012,150.90 for Q3 2021, compared to CNY 63,365,832.06 in Q3 2020, marking an increase of approximately 613.5%[14]. Cash Flow and Assets - The cash flow from operating activities for the year-to-date was CNY 302,762,142.07, a decrease of 44.07% compared to the same period last year[3]. - Cash inflow from operating activities for the first three quarters of 2021 was CNY 10,308,067,985.01, up from CNY 6,363,714,258.20 in the same period of 2020, reflecting a growth of about 62.5%[16]. - The net cash flow from operating activities for the first three quarters of 2021 was CNY 302,762,142.07, down from CNY 541,321,370.96 in 2020, showing a decline of approximately 44%[16]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 272,024,823.25, a decrease from CNY 674,143,853.99 at the end of Q3 2020, representing a decline of about 59.7%[18]. - The cash inflow from sales of goods and services for the first three quarters of 2021 was CNY 10,303,293,053.05, a rise from CNY 6,351,237,278.60 in the same period of 2020, representing a growth of about 62.5%[16]. - The cash outflow from investing activities for the first three quarters of 2021 was CNY 156,114,884.13, compared to CNY 19,845,071.18 in the same period of 2020, reflecting a significant increase in investment expenditures[16]. - The total assets at the end of the reporting period were CNY 5,566,566,197.80, a slight decrease of 0.03% from the end of the previous year[2]. - As of September 30, 2021, the total assets amounted to CNY 5,566,566,197.80, slightly down from CNY 5,568,171,294.71 at the end of 2020[10]. - The company's total liabilities decreased to CNY 2,569,141,266.75 from CNY 3,021,665,633.85 year-over-year[11]. - The total current liabilities included accounts payable of approximately $384.78 million and short-term borrowings of $47.5 million[21]. - The total liabilities reached approximately $3.02 billion, with current liabilities at $1.98 billion and non-current liabilities at $1.04 billion[22]. - The company's equity attributable to shareholders at the end of the reporting period was CNY 2,994,380,058.23, an increase of 17.72% compared to the end of the previous year[2]. - The company's equity attributable to shareholders totaled approximately $2.54 billion, with retained earnings showing a deficit of approximately $310.1 million[22]. - The total equity, including minority interests, was approximately $2.55 billion[22]. Strategic Initiatives - The company plans to undertake a major asset restructuring to address issues related to related party transactions and receivables[5]. - The company aims to acquire equity, assets, and liabilities of Xintai Steel and its subsidiaries from its controlling shareholder[5]. - The company has initiated measures to resolve the non-standard audit opinions related to its financial reports[5]. - The company plans to actively negotiate with major shareholders and related parties to resolve existing related transactions and guarantees[6]. - The company has decided to terminate the major asset restructuring plan due to uncertainties related to current industry policies[6]. Financing Activities - The company raised CNY 280,000,000.00 in borrowings during Q3 2021, compared to CNY 180,000,000.00 in Q3 2020, indicating a 55.6% increase in financing activities[18]. - The net cash flow from financing activities for Q3 2021 was -CNY 164,332,471.87, worsening from -CNY 94,276,683.81 in Q3 2020, indicating increased cash outflows related to financing[18]. Inventory and Fixed Assets - The inventory increased to CNY 463,101,885.55 from CNY 298,270,576.35 year-over-year, reflecting a growth of 55.3%[10]. - The company reported a decrease in fixed assets by approximately $269.91 million compared to the previous period[21].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 5,686,798,613.25, an increase of 50.24% compared to CNY 3,785,078,410.02 in the same period last year[20]. - Net profit attributable to shareholders increased by 6,229.18% to CNY 442,610,192.30 from CNY 6,993,168.28 year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 848.09% to CNY 419,711,214.21 from CNY 44,268,922.52 in the previous year[20]. - The weighted average return on net assets increased to 16.02%, up by 15.66 percentage points from 0.36% in the same period last year[19]. - The company achieved a revenue of 5.687 billion RMB, a year-on-year increase of 50.24%, and a net profit attributable to shareholders of 443 million RMB, marking significant growth[30][32]. - Operating profit for the first half of 2021 was ¥559,159,157.31, compared to ¥52,356,700.49 in the first half of 2020, reflecting a substantial growth[89]. - The total profit for the first half of 2021 was ¥557,416,483.20, compared to ¥11,705,662.36 in the first half of 2020, marking a significant increase[89]. Cash Flow and Assets - The net cash flow from operating activities was CNY 182,715,358.10, a decrease of 57.86% compared to CNY 433,591,131.41 in the previous year[20]. - Cash and cash equivalents increased to ¥562,240,050.36, representing 9.75% of total assets, up 4.50% from the previous year[34]. - The company's operating cash flow for the first half of 2021 was RMB 182,715,358.10, a decrease of 57.8% compared to RMB 433,591,131.41 in the same period of 2020[95]. - The ending balance of cash and cash equivalents was RMB 282,240,050.36, down from RMB 597,844,910.50 at the end of the first half of 2020[96]. - The company reported a significant increase in sales revenue, with cash received from sales reaching RMB 6,112,677,479.47, compared to RMB 3,764,248,762.58 in the same period last year, marking a growth of 62.3%[95]. - The company paid RMB 5,578,951,810.03 for goods and services, which is an increase of 84.5% from RMB 3,018,231,576.27 in the first half of 2020[95]. Production and Operations - The company produced 1.0971 million tons of coke and 670,400 tons of H-beams in the first half of 2021, with electricity generation reaching 358 million kWh[30]. - The production capacity for coke is 2.4 million tons per year, while the H-beam production line has a capacity of 1.2 million tons per year, making it a leader in the Shanxi province[29]. - The average selling price of main products, coke and H-beams, increased significantly due to rising market demand[33]. - The company has established a comprehensive industrial chain that integrates coking, steel production, and power generation, optimizing resource use[28]. Environmental Responsibility - The company invested heavily in environmental projects, significantly improving its environmental governance and efficiency[25]. - The company has constructed a wastewater treatment plant with a capacity of 20,000 m3/d, achieving zero wastewater discharge by recycling all treated water[48]. - The company has implemented online monitoring systems for various pollutants, ensuring real-time data upload and compliance with environmental standards[49]. - The company aims for carbon peak by 2025 and carbon neutrality by 2060, implementing projects such as integrated desulfurization and dust removal for coke oven flue gas, and heat recovery power generation[55]. - The company has established an emergency response plan for environmental pollution incidents, with regular training and drills conducted[51]. Shareholder and Governance - The total number of ordinary shareholders as of the end of the reporting period is 52,621[72]. - The largest shareholder, Li Anmin, holds 317,807,116 shares, representing 31.57% of the total shares[73]. - The company has no changes in the controlling shareholder or actual controller during the reporting period[75]. - The actual controller of the company is Li Anmin, ensuring stable governance and management continuity[109]. Related Party Transactions - The total amount of related party transactions in the first half of 2021 reached approximately 2.91 billion yuan, with significant transactions including sales of coke and steel billets[63]. - The total amount of guarantees provided by the company, excluding those to subsidiaries, is RMB 3,817,019,094.81, which accounts for 129.37% of the company's net assets[68]. - The company provided guarantees totaling RMB 1,061,000,000.00 during the reporting period, excluding those to subsidiaries[68]. Research and Development - The company’s R&D expenses increased by 4,607.54% year-on-year, reflecting a commitment to innovation[32]. - Research and development expenses increased to ¥49,848,367.92 in the first half of 2021, compared to ¥1,058,904.83 in the same period of 2020, showing a growth of 4,600.5%[88]. Market Risks and Future Outlook - The company faces market risks related to the steel industry, which is sensitive to macroeconomic conditions and policy changes[39]. - The management remains optimistic about achieving further growth in the next reporting period, supported by strong market demand and operational efficiencies[104]. - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the upcoming periods[104]. Accounting and Financial Reporting - The financial statements reflect the company's financial position and operating results as of June 30, 2021, in accordance with the accounting standards issued by the Ministry of Finance[114]. - The company recognizes revenue when control of goods or services is transferred to the customer, indicating a focus on performance obligations[181]. - The company recognizes deferred tax assets and liabilities based on the temporary differences between the tax bases of assets and liabilities and their carrying amounts[190].

证券代码：600408 证券简称：ST 安泰 编号：临 2021—023 山西安泰集团股份有限公司 关于参加山西辖区上市公司 2021 年度 投资者网上集体接待日活动的预告公告 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： 活动时间：2021 年 6 月 22 日 15:00—17:00 活动方式：网络远程 一、活动类型 为便于广大投资者全面了解公司 2020 年度经营业绩和公司治理等相关情况， 切实维护中小投资者的合法权益，公司将参加由山西证监局、山西省上市公司协会 等联合举办的"山西辖区上市公司 2021 年度投资者网上集体接待日活动"。 二、活动时间和方式 本次活动的时间为：2021 年 6 月 22 日（星期二）15:00—17:00 本次活动方式为：网络远程。 三、参加人员 出席本次活动的人员有：公司董事长杨锦龙先生、总经理兼董事会秘书郭全虎 先生、财务负责人张安泰先生和证券事务代表刘明燕女士。 四、投资者参加方式 投资者可在活动时间登录"全景•路演天下"（http://rs.p5w.net） ...

Financial Performance - The company's operating revenue for 2020 was approximately ¥8.79 billion, a decrease of 8.09% compared to ¥9.56 billion in 2019[21]. - The net profit attributable to shareholders for 2020 was approximately ¥332.87 million, down 27.13% from ¥456.81 million in 2019[21]. - The basic earnings per share for 2020 were ¥0.3306, a decrease of 26.53% from ¥0.45 in 2019[22]. - The company reported a net profit of 1,571,072.53 RMB in 2020, a significant decrease from 263,058,858.91 RMB in 2019[26]. - The total operating revenue for the year was 8.79 billion RMB, a decrease of 8.09% year-on-year, while the net profit attributable to shareholders was 333 million RMB, down 27.13% year-on-year[35]. - The company reported a net loss of CNY 310,103,037.29 in 2020, compared to a loss of CNY 643,305,151.03 in 2019, showing an improvement in financial performance[152]. - The company's total equity increased to CNY 2,546,505,660.86 in 2020 from CNY 1,950,802,177.25 in 2019, an increase of about 30.5%[153]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to approximately ¥704.26 million, a rise of 488.87% compared to ¥119.60 million in 2019[21]. - The company's cash and cash equivalents decreased by 38.48% year-on-year, totaling 538,010,008.75 CNY[54]. - The company's cash flow from operating activities showed a positive trend, indicating better operational efficiency and revenue generation capabilities[168]. - The total cash and cash equivalents at the end of 2020 were ¥11,213,549.54, down from ¥160,145,513.16 at the beginning of the year, reflecting a net decrease of ¥148,931,963.62[168]. Assets and Liabilities - The total assets at the end of 2020 were approximately ¥5.57 billion, a decrease of 2.00% from ¥5.68 billion at the end of 2019[21]. - The company's total liabilities decreased to CNY 3,021,665,633.85 in 2020 from CNY 3,730,987,737.66 in 2019, a reduction of approximately 19%[152]. - The company's total liabilities at the end of 2020 were CNY 542,755,994.28, which may impact future financing strategies[175]. Research and Development - The company's R&D expenses increased by 72.34% year-on-year, amounting to 86.78 million RMB, indicating a commitment to innovation[39]. - Research and development expenses for 2020 were ¥86,778,945.74, an increase of 72.2% from ¥50,353,882.18 in 2019[157]. - The number of R&D personnel is 120, accounting for 4.90% of the total workforce[51]. Market and Sales - The sales price of coke products saw a significant increase in Q4 2020, contributing to improved profitability for the company's main business[33]. - The average selling price of coke was 1,580.29 RMB/ton, down 49.65 RMB/ton compared to the previous year, impacting revenue by 113.48 million RMB[40]. - The average selling price of section steel was 3,279.34 RMB/ton, down 44.78 RMB/ton compared to the previous year, impacting revenue by 60.02 million RMB[41]. Environmental and Social Responsibility - The company has invested heavily in environmental projects to meet government requirements, significantly improving its environmental governance and efficiency[28]. - The company is committed to achieving carbon neutrality and is actively promoting energy conservation and emission reduction initiatives[64]. - The company donated CNY 800,000 for poverty alleviation projects in Shanxi Province[90]. - The company actively participated in social responsibility initiatives, donating over CNY 4 million in response to the COVID-19 pandemic[93]. Governance and Compliance - The company has established a governance structure in compliance with relevant laws and regulations, enhancing its management and risk prevention capabilities[126]. - The independent directors did not raise any objections regarding company matters during the reporting period[128]. - The company has received a qualified audit opinion due to ongoing related party transactions, which may affect its financial reporting[73]. Related Party Transactions - The company reported a total of 2,241,214,096.18 CNY in related party transactions for the year 2020, with significant transactions including 1,702,768,636.32 CNY for coke sales[82]. - The company has engaged in continuous related party transactions, which have not adversely affected its operations but have instead reduced procurement costs and transportation expenses[84]. - The company has provided guarantees totaling CNY 3.936 billion to related party Shanxi Xintai Steel Co., which is 154.72% of the company's equity attributable to shareholders of CNY 2.544 billion, raising concerns about the company's ability to continue as a going concern[139]. Future Outlook - The company aims to enhance its core competitiveness by expanding into fine chemicals and special steel, while focusing on the "coal-coke-chemical" and special steel development lines[64]. - The company anticipates a slight increase in steel demand in 2021, supported by stable macroeconomic policies[63]. - The company plans to continue focusing on investment in new technologies and market expansion strategies to drive future growth[171].

Financial Performance - Total revenue for Q1 2021 reached CNY 2,646,355,098.24, a 71.95% increase compared to CNY 1,539,001,133.73 in Q1 2020[7] - Net profit attributable to shareholders was CNY 255,105,088.24, a significant recovery from a loss of CNY 8,871,299.12 in the same period last year[7] - Operating profit for Q1 2021 was ¥340,617,774.63, recovering from a loss of ¥477,773.85 in the same period last year[25] - Net profit for Q1 2021 was ¥255,178,810.29, compared to a net loss of ¥8,716,051.39 in Q1 2020, indicating a strong turnaround[25] - The net profit attributable to shareholders for Q1 2021 was CNY 255.11 million, a significant increase compared to CNY 6.99 million in the same period of 2020, indicating strong performance growth[14] - Operating profit significantly increased to ¥112,377,039.72 in Q1 2021, compared to ¥12,227,209.74 in Q1 2020, marking a growth of 820.5%[28] - Net profit for Q1 2021 reached ¥83,833,333.76, a substantial increase from ¥4,619,335.53 in Q1 2020, representing a growth of 1,713.5%[29] Assets and Liabilities - The company's total assets increased by 3.10% to CNY 5,740,553,124.97 from CNY 5,568,171,294.71 at the end of the previous year[7] - The total assets as of March 31, 2021, amounted to CNY 5.74 billion, up from CNY 5.57 billion at the end of 2020, showing an increase in asset base[18] - Total assets increased to ¥5,030,580,000.15 in Q1 2021, up from ¥4,922,444,078.16 in Q1 2020[22] - Total liabilities decreased to CNY 2.94 billion as of March 31, 2021, from CNY 3.02 billion at the end of 2020, reflecting a reduction in financial obligations[19] - Total liabilities amounted to ¥2,664,123,063.46, slightly up from ¥2,639,796,112.34 in the previous year[22] - The total liabilities as of Q1 2021 were ¥3,021,665,633.85, unchanged from the previous year[40] Cash Flow - Cash flow from operating activities for the period was CNY 175,481,166.41, down 15.91% from CNY 208,690,021.59 in the same period last year[7] - The net cash flow from operating activities decreased to CNY 175.48 million in Q1 2021 from CNY 208.69 million in Q1 2020, reflecting increased cash outflows[15] - The company reported a net cash flow from operating activities of ¥175,481,166.41 in Q1 2021, down from ¥208,690,021.59 in Q1 2020[31] - The company’s cash inflow from operating activities was significantly lower than the previous year, indicating potential challenges in cash generation[37] - Total cash inflow from operating activities was ¥3,010,024,355.96 in Q1 2021, up from ¥1,487,717,637.49 in Q1 2020, representing a growth of 102.5%[31] Research and Development - Research and development expenses surged by 2086.75% to CNY 52,481.93, reflecting increased investment in R&D projects[12] - The company is focusing on expanding its market presence and enhancing its product offerings, as indicated by increased R&D expenses to ¥52,481.93 from ¥2,400.00 in Q1 2020[24] Shareholder Information - The number of shareholders reached 49,678, with the largest shareholder, Li Anmin, holding 31.57% of the shares[10] - The company’s total equity attributable to shareholders was ¥2,543,748,127.83 as of Q1 2021, unchanged from the previous year[41] Tax and Financial Obligations - The company experienced a 3212.04% increase in income tax expenses, amounting to CNY 84,459,546.09, due to higher profits[12] - The company reported a significant increase in sales tax and additional taxes, which rose by 129.70% to CNY 10,280,850.94 due to increased VAT[12] - Cash outflows from financing activities totaled ¥28,993,803.70 in Q1 2021, significantly higher than ¥10,249,616.52 in Q1 2020, indicating increased financial obligations[37] Market Outlook - The company anticipates a significant increase in cumulative net profit for the first half of 2021 compared to the same period last year, driven by favorable market conditions[14] Other Financial Metrics - Basic and diluted earnings per share for Q1 2021 were both ¥0.25, a recovery from a loss of ¥0.01 per share in Q1 2020[26] - The company incurred financial expenses of ¥14,317,557.48 in Q1 2021, a decrease of 43.8% from ¥25,510,005.14 in Q1 2020[28] - The company reported an investment income of ¥8,700,890.06 in Q1 2021, reflecting positive performance in its investment activities[25]

Financial Performance - Operating revenue for the first nine months was approximately ¥6.20 billion, down 13.59% year-on-year[8] - Net profit attributable to shareholders decreased by 58.98% to approximately ¥63.07 million compared to the same period last year[8] - Basic and diluted earnings per share decreased by 60% to ¥0.06 compared to the same period last year[8] - Total profit for the first three quarters of 2020 was ¥77,779,098.24, a decrease of 50.66% compared to ¥157,644,785.50 in the same period of 2019[12] - Net profit for the first three quarters of 2020 was ¥63,365,832.06, down 58.85% from ¥153,971,252.51 in 2019[12] - Total operating revenue for Q3 2020 was approximately ¥2.42 billion, a slight decrease of 1.03% compared to ¥2.44 billion in Q3 2019[25] - Net profit for Q3 2020 was approximately ¥56.14 million, a decrease of 33.4% compared to ¥84.47 million in Q3 2019[26] - The company reported a total profit of approximately ¥66.07 million for Q3 2020, down 23.3% from ¥86.16 million in Q3 2019[26] - The basic earnings per share for Q3 2020 was CNY 0.01, down from CNY 0.15 in Q3 2019, reflecting a decline in profitability[30] - The company reported a total comprehensive income of CNY 6,695,580.16 for Q3 2020, a decrease of 95.6% compared to CNY 152,146,376.16 in Q3 2019[30] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥5.65 billion, a decrease of 0.57% compared to the end of the previous year[8] - The company’s total assets as of September 30, 2020, were ¥2,613,741,460.43, compared to ¥2,537,936,388.39 at the end of 2019[17] - Total assets as of September 30, 2020, amounted to CNY 5,649,663,051.69, a slight decrease from CNY 5,681,789,914.91 at the end of 2019[18] - The company's total liabilities decreased to CNY 3,632,462,213.88 from CNY 3,730,987,737.66, a decline of approximately 2.6%[18] - Current liabilities decreased to CNY 2,775,247,398.98 from CNY 3,031,487,561.03, reflecting a reduction of approximately 8.4%[18] - Non-current liabilities increased to CNY 857,214,814.90 from CNY 699,500,176.63, representing a rise of about 22.6%[18] - The company’s fixed assets decreased to ¥2,678,421,521.12 from ¥2,712,703,820.15 at the end of 2019[17] - The company’s long-term borrowings stood at 422,916,454.80 RMB, consistent with the previous reporting period[42] - Total liabilities were reported at ¥3,274,724,414.24, reflecting the company's financial obligations[48] Cash Flow - Net cash flow from operating activities increased significantly by 356.92% to approximately ¥541.32 million for the first nine months[8] - Cash flow from operating activities for the first three quarters of 2020 was ¥541,321,370.96, significantly improved from ¥118,473,007.03 in the same period of 2019[13] - The cash flow from investing activities for the first nine months of 2020 was negative at CNY -19,423,921.18, compared to a positive cash flow of CNY 104,437,133.19 in the same period of 2019[34] - The company experienced a net cash outflow from financing activities of CNY -94,276,683.81 in Q3 2020, compared to a larger outflow of CNY -196,687,482.23 in Q3 2019[34] - The net cash flow from operating activities was -57,454,057.36 RMB, a significant decrease compared to 251,062,158.25 RMB in the previous year, indicating a decline of approximately 122.9%[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,839[11] - The largest shareholder, Li Anmin, holds 31.57% of the shares, which are currently pledged[11] Research and Development - Research and development expenses increased by 417.24% to ¥1,874,535.86, primarily due to advancements in coal blending technology[12] - The company plans to continue focusing on research and development to enhance product offerings and market competitiveness[28] - Research and development expenses for Q3 2020 were approximately ¥0.82 million, significantly up from ¥0.07 million in Q3 2019[25] Debt and Financial Agreements - The company reported overdue bank loans totaling ¥800 million and overdue interest of ¥243 million as of September 30, 2020[14] - The company has reached an installment repayment agreement with Bohai Bank for overdue debt, reducing the balance to ¥5 million[14] - The company incurred interest expenses of CNY 28,952,494.34 in Q3 2020, up from CNY 26,733,496.22 in Q3 2019, indicating rising borrowing costs[29] Equity and Retained Earnings - Net assets attributable to shareholders increased by 3.39% to approximately ¥2.01 billion compared to the end of the previous year[8] - The equity attributable to shareholders increased to CNY 2,014,572,181.93 from CNY 1,948,469,066.76, showing an increase of about 3.4%[19] - The retained earnings showed a negative balance of CNY -580,234,864.36, improving from CNY -643,305,151.03[19] - The company reported a negative retained earnings of ¥712,317,759.59, indicating accumulated losses[48]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately CNY 3.79 billion, a decrease of 20.06% compared to the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was approximately CNY 6.99 million, down 89.92% year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 44.27 million, a decrease of 60.54% compared to the previous year[18]. - The company achieved a total operating revenue of 3.785 billion yuan, a decrease of 20.06% year-on-year, and a net profit attributable to shareholders of the listed company of 6.9932 million yuan, down 89.92% year-on-year[29]. - The company reported a net loss of ¥24,869,468.41 in the first half of 2020, compared to a net profit of ¥56,525,475.85 in the same period last year[86]. - The total profit for the first half of 2020 was ¥11,705,662.36, a decrease of 83.7% compared to ¥71,487,211.72 in the first half of 2019[84]. - The company reported a basic and diluted earnings per share of ¥0.01, down from ¥0.07 in the previous year[84]. Cash Flow and Investments - The net cash flow from operating activities increased by 231.24% year-on-year, reaching approximately CNY 433.59 million[18]. - The net cash flow from operating activities for the first half of 2020 was RMB 433,591,131.41, a significant increase from RMB 130,900,264.48 in the same period of 2019, representing a growth of approximately 231%[89]. - The company reported a net cash outflow from investment activities of ¥10,935,356.90, primarily due to the absence of cash inflows from the sale of coal mine equity, which occurred in the previous year[31]. - The company made a significant long-term equity investment of ¥28,000,000 in Shanxi Xintai Fu'an New Material Co., Ltd., increasing its registered capital to ¥100,000,000[37]. Assets and Liabilities - The total assets at the end of the reporting period were approximately CNY 5.54 billion, a decrease of 2.56% from the end of the previous year[18]. - The company's total current assets as of June 30, 2020, amounted to ¥2,472,813,668.08, a decrease from ¥2,537,936,388.39 at the end of 2019[74]. - The company's fixed assets were valued at ¥2,673,869,839.46, down from ¥2,712,703,820.15 at the end of 2019[74]. - The company's total liabilities decreased, with a notable reduction in the risk reserve, which may indicate improved financial health[95]. - The company has outstanding overdue bank loans totaling CNY 809 million, which are currently being repaid in installments or negotiated for resolution[48]. - The overdue debt principal balance with Bohai Bank Taiyuan Branch is CNY 26 million, with a repayment agreement in place, while the remaining overdue debt of CNY 795 million is with Great Wall Asset Management Co., Ltd., and negotiations are ongoing[44]. Production and Operations - The company faced production limitations due to the COVID-19 pandemic, leading to reduced output and sales[18]. - The company produced 1.0891 million tons of coke, 0.5696 million tons of H-beams, 0.1170 million tons of slag powder, and generated 244 million kWh of electricity in the first half of 2020[29]. - The designed production capacity for coke is 2.4 million tons per year, and for H-beams, it is 1.2 million tons per year, making the company a leading player in the Shanxi province coke industry[26]. Environmental and Social Responsibility - The company has invested significantly in environmental projects to meet government requirements, including desulfurization and dust control measures, enhancing its environmental performance[23]. - The company has been recognized as a national pilot unit for circular economy, enhancing its resource utilization and environmental benefits[25]. - The company donated over 4 million yuan in response to the COVID-19 pandemic, including 1 million yuan to Hubei Province for epidemic prevention[55]. - The company has three subsidiaries listed as key pollutant discharge units, with a total of 32 emission outlets for pollutants such as sulfur dioxide and nitrogen oxides[56]. Debt and Financial Management - The company is actively negotiating with creditors for debt restructuring and other solutions to address overdue debts[41]. - The company has provided guarantees for financing loans using its properties, land use rights, machinery, inventory, and subsidiary equity[35]. - The company has not incurred new social security debts since 2019 and is gradually clearing old debts based on its financial situation[44]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 55,992[65]. - The largest shareholder, Li Anmin, holds 317,807,116 shares, representing 31.57% of the total shares, with all shares pledged[66]. - The second-largest shareholder, Dong Xiaolin, increased his holdings by 1,960,000 shares to a total of 20,810,000 shares, representing 2.07%[66]. Accounting Policies and Compliance - The financial statements comply with the requirements of the accounting standards issued by the Ministry of Finance, accurately reflecting the company's financial position as of June 30, 2020[106]. - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[96]. - The company recognizes revenue when control of the related goods or services is transferred to the customer, which is determined by the ability to direct the use and obtain almost all economic benefits[172].