Financial Performance - In 2021, the company's operating income reached CNY 5,984,502,357.28, representing a 24.08% increase compared to CNY 4,823,232,214.48 in 2020[20] - The net profit attributable to shareholders was CNY 237,288,956.34, a 41.26% increase from CNY 167,983,321.71 in the previous year[20] - The net cash flow from operating activities significantly increased by 232.67% to CNY 476,094,970.63, compared to CNY 143,113,139.37 in 2020[20] - The total assets of the company at the end of 2021 were CNY 5,370,261,852.23, an 18.91% increase from CNY 4,516,277,653.10 at the end of 2020[20] - The net assets attributable to shareholders increased by 17.27% to CNY 1,611,320,034.24, compared to CNY 1,374,018,365.63 in 2020[20] - The basic earnings per share rose to CNY 0.45, a 40.63% increase from CNY 0.32 in the previous year[21] - The weighted average return on net assets was 15.90%, an increase of 2.57 percentage points from 13.33% in 2020[22] - The company reported a net profit of CNY 166,698,310.24 for the year, but did not distribute profits due to not meeting distribution conditions[5] - The company plans to submit the profit distribution proposal to the 2021 annual general meeting for review[5] Revenue and Sales - In 2021, the company achieved total operating revenue of CNY 5.579 billion, with a total industrial output value of CNY 6.281 billion[28] - The company exported over 400,000 tons of fertilizer products in 2021, marking the highest level in its history[29] - The company reported a government subsidy income of CNY 90.33 million in 2021, compared to CNY 48.40 million in 2020[25] - The company achieved a sales revenue of 598,450.24 million RMB, representing a year-on-year increase of 24.08%[42] - The net profit reached 31,980.55 million RMB, an increase of 13,694.38 million RMB compared to the previous year[42] - The earnings per share (EPS) was reported at 0.45 RMB[42] - The sales revenue from international markets reached 898,836,237.39 RMB, reflecting a year-on-year increase of 16.17%[47] - The company reported domestic sales revenue of approximately CNY 4.68 billion, an increase of 11.77% year-on-year, while international sales revenue reached approximately CNY 898.84 million, a significant increase of 255.73%[100] Production and Operations - The company completed the construction and operation of the second phase of the phosphogypsum purification project, improving gypsum quality and reducing residual phosphorus[30] - The company launched new products totaling 334,800 tons, including complex multifunctional fertilizers, under a "new products + differentiation" marketing strategy[30] - The company achieved a reduction in phosphogypsum historical inventory by 149,720 tons, with a total production of 1.4467 million tons of phosphogypsum in 2021[29] - The company completed a fertilizer storage task of 50,000 tons and received government subsidies of 2.13 million yuan during the reporting period[31] - The company achieved a successful trial production of a 100,000-ton powdered monoammonium phosphate facility, enhancing energy efficiency and cost reduction while maintaining total output[32] - The production capacity for monoammonium phosphate is 300,000 tons with a utilization rate of 138.72%, and for diammonium phosphate, it is 640,000 tons with a utilization rate of 96.96%[93] Research and Development - The company has been actively developing patented technologies in new products and resource utilization, maintaining a leading position in the industry[41] - The company’s R&D expenses amounted to CNY 162,304,943.59, representing 2.71% of total revenue[54] - The number of R&D personnel is 156, constituting 10.39% of the total workforce[55] - Research and development investments increased by 25% in 2021, totaling 50 million, to support new technology initiatives[121] - The company has established a comprehensive technology innovation system, including a national-level postdoctoral research station and various research centers, to enhance R&D capabilities[82] Environmental Compliance and Sustainability - The company maintained a safety record with a light injury rate of 0.6‰ and a 100% compliance rate in environmental monitoring[29] - The company is committed to green development and has initiated projects for comprehensive treatment of fluorine-containing tail gas and energy-saving upgrades in phosphate production lines[31] - The company has implemented a cash dividend policy in accordance with regulatory requirements, ensuring clarity and compliance[141] - The company has established a comprehensive performance evaluation system for senior management, linking compensation to performance targets[142] - The company has made significant investments in pollution control facilities, including the addition of a bag filter in the ammonia workshop in September 2021[163] - The company has established various emission outlets for dust and particulate matter, all of which are monitored to ensure compliance with environmental standards[148] - The company’s emissions data for 2021 indicates that all pollutants were within the limits set by their discharge permits, demonstrating effective environmental management practices[155] Strategic Initiatives and Future Plans - The company is transitioning from a production-oriented to a marketing-oriented enterprise, expanding its market presence both domestically and internationally[105] - The company plans to implement a diversified market strategy, integrating online services with offline sales channels[105] - The company aims to enhance its phosphate chemical industry while extending the coal chemical industry chain, focusing on fine phosphate, electronic chemicals, and new environmentally friendly fertilizers[105] - The management provided a positive outlook for the upcoming year, anticipating a growth rate of approximately 10%[119] - The company plans to invest heavily in R&D, allocating 5% of revenue towards new technology development[119] - The company is exploring potential mergers and acquisitions to enhance market presence[119] Community Engagement and Social Responsibility - The company donated 50,000 yuan to Jinshan Village in October 2021 as part of its poverty alleviation efforts[186] - The company purchased agricultural products worth 577,700 yuan from Jinshan Village to support local farmers[187] - The company assisted Jinshan Village in securing funding of CNY 3.832 million for the creation of a provincial-level beautiful village center in 2021[188] - The company is focused on improving living conditions and public cultural services in Jinshan Village[188] - The company has actively engaged in community health and safety education initiatives, promoting awareness of occupational health and environmental protection[185] Governance and Management - The company maintains complete independence in assets, personnel, finance, organization, and business from its controlling shareholder[113] - The company has established an independent financial department with a separate accounting system and management practices, ensuring no interference from the controlling shareholder in fund usage[113] - The company’s board of directors and senior management received total pre-tax compensation of 119.88万元 and 111.11万元 respectively during the reporting period[117] - The company held its annual general meeting on April 15, 2021, where several resolutions were passed, including the approval of the 2020 financial settlement report[115] - The company has a robust labor management system and independent employee team, ensuring complete independence in personnel management[113]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,477,560,022.05, representing a year-on-year increase of 24.74%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 87,892,096.99, reflecting a year-on-year growth of 5.91%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 5.43% year-on-year, totaling CNY 77,135,174.91[5] - The basic earnings per share for Q3 2021 was CNY 0.17, up 61.68% compared to the same period last year[6] - Total operating revenue for the first three quarters of 2021 reached ¥4,231,866,876.02, an increase of 22.4% compared to ¥3,454,191,641.85 in the same period of 2020[18] - Net profit for the first three quarters of 2021 was ¥304,036,099.67, compared to ¥156,325,004.68 in the same period of 2020, representing a growth of 94.5%[19] - Earnings per share for the first three quarters of 2021 was ¥0.46, an increase from ¥0.28 in the same period of 2020[20] - The company reported a total comprehensive income of ¥304,036,099.67 for the first three quarters of 2021, compared to ¥156,325,004.68 in the same period of 2020[20] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 5,445,560,330.82, an increase of 20.58% from the end of the previous year[6] - Total assets as of September 30, 2021, amounted to RMB 5,445,560,330.82, an increase from RMB 4,516,277,653.10 in the previous year[15] - Current assets reached RMB 2,786,443,099.45, up from RMB 1,751,215,290.87 year-over-year[15] - The total liabilities as of the end of the third quarter of 2021 were ¥3,805,456,786.31, compared to ¥3,179,314,628.87 at the end of the same period in 2020[17] - The total equity attributable to shareholders of the parent company was ¥1,613,886,470.24, an increase from ¥1,374,018,365.63 in the previous year[17] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 296,597,003.02, showing a significant increase of 340.73%[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥3,803,683,308.28, compared to ¥3,090,906,830.76 in the same period of 2020, indicating a growth of 22.9%[22] - Net cash flow from operating activities for Q3 2021 was ¥296,597,003.02, a significant increase from ¥67,296,780.17 in Q3 2020, representing a growth of approximately 341%[23] - Total cash inflow from operating activities reached ¥3,866,979,128.02, compared to ¥3,191,609,258.84 in the same period last year, indicating an increase of about 21%[23] - Cash outflow for operating activities was ¥3,570,382,125.00, up from ¥3,124,312,478.67, reflecting a rise of approximately 14%[23] - Cash flow from investing activities showed a net outflow of ¥97,088,015.30, compared to a net outflow of ¥108,052,261.75 in Q3 2020, indicating an improvement[23] - Total cash inflow from financing activities was ¥1,702,596,676.35, an increase from ¥1,309,600,000.00 in the previous year, representing a growth of about 30%[24] - Net cash flow from financing activities was negative at ¥30,384,685.09, contrasting with a positive cash flow of ¥84,814,176.60 in Q3 2020[24] - The ending balance of cash and cash equivalents was ¥423,039,300.37, up from ¥359,855,339.60 at the end of Q3 2020, reflecting an increase of approximately 17.6%[24] Shareholder Information - The company reported a total of 66,814 common shareholders at the end of the reporting period[12] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., holds 25.49% of the shares, totaling 132,971,744 shares[12] Operational Insights - The increase in net profit is primarily attributed to increased product sales and rising gross margins[10] - Research and development expenses for the first three quarters of 2021 amounted to ¥121,074,987.63, an increase of 64.3% from ¥73,681,431.50 in the previous year[18] - The company has not disclosed any significant new strategies or product developments during the reporting period[14] - There were no significant changes in the audit opinion type for the financial statements, which remain unaudited[14] Inventory and Payables - Inventory increased significantly to RMB 1,332,738,110.85 from RMB 713,258,586.74, reflecting a growth of approximately 86.8%[15] - Short-term borrowings rose to RMB 1,449,939,198.87 compared to RMB 1,338,636,047.28 in the previous year, indicating an increase of about 8.3%[15] - Accounts payable increased to RMB 712,071,243.58 from RMB 522,757,352.61, representing a growth of approximately 36.2%[15] - Cash and cash equivalents stood at RMB 694,367,180.99, up from RMB 549,955,694.41, marking an increase of about 26.2%[14] - The company reported a total cash outflow for financing activities of ¥1,732,981,361.44, compared to ¥1,224,785,823.40 in the same quarter last year, indicating a rise of about 42%[24] - Cash received from other operating activities amounted to ¥60,949,718.61, compared to ¥84,443,715.00 in Q3 2020, showing a decrease of approximately 28%[23] - The company paid ¥285,354,290.37 to employees, which is an increase from ¥193,820,992.42 in the previous year, representing a growth of about 47%[23]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,754,306,853.97, representing a 21.35% increase compared to CNY 2,269,687,841.80 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was CNY 152,331,265.57, a significant increase of 132.23% from CNY 65,595,087.06 in the previous year[18]. - The basic earnings per share for the first half of 2021 was CNY 0.29, up 123.08% from CNY 0.13 in the same period last year[19]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 131,457,444.44, a 145.56% increase from CNY 53,533,721.01 in the previous year[18]. - Operating profit for the first half of 2021 was CNY 194,105,284.34, up from CNY 95,484,803.78 in the same period last year, representing a growth of 103.0%[93]. Cash Flow and Assets - The net cash flow from operating activities improved to CNY 387,559,853.51, compared to a negative cash flow of CNY -106,593,245.58 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 5,299,767,173.84, reflecting a 17.35% increase from CNY 4,516,277,653.10 at the end of the previous year[18]. - Cash and cash equivalents amounted to ¥204,482,473.13, restricted due to guarantees for bills, letters of credit, and loans[37]. - The company's total assets as of the reporting date amounted to CNY 4,037,249,850.83, compared to CNY 3,261,088,431.93 at the end of the previous period, indicating a growth of 23.8%[89]. - Total cash and cash equivalents at the end of the period reached CNY 704,618,330.81, up from CNY 107,570,781.69, indicating a net increase of CNY 528,345,276.28[101]. Liabilities and Equity - Total liabilities reached CNY 3,770,514,744.04, up from CNY 3,179,314,628.87, indicating an increase of about 18.5%[85]. - The company's equity attributable to shareholders improved to CNY 1,526,553,167.41 from CNY 1,374,018,365.63, an increase of about 11.1%[85]. - The total equity attributable to shareholders increased to CNY 1,404,512,588.50 from CNY 1,301,251,388.35, showing a growth of 7.9%[89]. - The total owner's equity at the end of the current period is CNY 1,220,748,998.26, reflecting a decrease of CNY 55,576,916.17[108]. Research and Development - The company's research and development expenses increased by 52.03% to CNY 71.14 million[31]. - Research and development expenses for the first half of 2021 were CNY 71,139,878.25, up from CNY 46,794,640.28 in the previous year, indicating a focus on innovation and product development[91]. - The company has a total of 205 authorized patents, including 45 invention patents[29]. Environmental and Sustainability Efforts - The company invested over CNY 30 million in environmental protection measures to address phosphogypsum issues[28]. - The company is committed to sustainable development through circular economy practices and continuous innovation in new products and technologies[23]. - The company has maintained compliance with wastewater discharge standards, with no exceedances reported since 2020[47]. - The company has implemented energy-saving and emission-reduction technology for its ammonium phosphate unit, expected to reduce ammonia emissions by 6.75 tons annually[54]. Market and Industry Position - The company operates in the fertilizer industry, focusing on the production and sales of nitrogen, phosphorus, and potassium fertilizers, as well as chemical products, with a significant market presence in East China[22]. - The company has established a comprehensive domestic sales network with approximately 16,000 effective terminal sales points, enhancing its risk management capabilities and market resilience[24]. - The company is actively pursuing international expansion, having successfully registered its "LANDGREEN" trademark in eight countries, including India and South Korea[24]. Corporate Governance and Compliance - The company has not disclosed any plans for profit distribution or capital increase during this reporting period[5]. - There are no reported instances of non-operating fund occupation by controlling shareholders or related parties[6]. - The company has not reported any significant contracts or other major events during the reporting period[72]. - The company has not disclosed any changes in its equity incentive plans or employee stock ownership plans[46]. Risk Management - The company faces significant risks from limited traditional fertilizer demand and potential price volatility in the market[40]. - Environmental protection pressures are increasing due to stricter safety and environmental standards in the chemical industry[41]. - The company plans to enhance operational efficiency and drive innovation to support new project development[40].

Financial Performance - Operating revenue rose by 28.36% to CNY 1,182,987,016.14 from CNY 921,582,197.61 in the same period last year[5] - Net profit attributable to shareholders of the listed company reached CNY 42,618,771.07, a significant improvement from a loss of CNY 3,227,952.30 in the previous year[5] - Basic and diluted earnings per share were both CNY 0.11, compared to a loss of CNY 0.01 per share in the previous year[5] - Operating profit for Q1 2021 was ¥71,015,170.74, compared to ¥3,814,921.95 in Q1 2020, indicating significant improvement[20] - The company reported a net profit of ¥71,810,719.92 for Q1 2021, a turnaround from a net loss of ¥8,085,970.89 in Q1 2020[20] - Net profit for Q1 2021 was ¥71,291,394.15, compared to a net loss of ¥8,091,276.49 in Q1 2020, marking a significant turnaround[21] - The total comprehensive income for Q1 2021 was ¥71,291,394.15, compared to a loss of ¥8,091,276.49 in Q1 2020[21] Assets and Liabilities - Total assets increased by 7.19% to CNY 4,841,184,855.43 compared to the end of the previous year[5] - Total assets increased to ¥4,841,184,855.43 from ¥4,516,277,653.10, indicating growth in the company's asset base[12] - Total liabilities as of March 31, 2021, were ¥2,287,681,866.26, compared to ¥1,959,837,043.58 at the end of 2020, showing a 16.7% increase[17] - Short-term borrowings rose to ¥1,513,724,664.77 from ¥1,338,636,047.28, reflecting increased financing activities[13] Cash Flow - Cash flow from operating activities decreased by 96.64% to CNY 4,018,406.12 compared to CNY 119,729,251.16 in the same period last year[5] - Net cash flow from operating activities was ¥4,018,406.12, a significant decrease compared to ¥119,729,251.16 in the same period last year, mainly due to increased cash payments for goods and services[10] - The net cash flow from operating activities was ¥58,763,265.79, a decrease of 62% compared to ¥154,510,270.18 in Q1 2020[30] - Cash inflow from operating activities totaled ¥786,439,987.08, up 17.3% from ¥670,726,256.56 in the same period last year[30] - Cash outflow from operating activities increased to ¥727,676,721.29, compared to ¥516,215,986.38 in Q1 2020, reflecting a rise of 40.9%[30] - The net cash flow from financing activities increased to ¥121,102,542.55, compared to ¥108,997,381.17 in the previous year, marking a rise of 11.9%[31] Shareholder Information - The total number of shareholders reached 28,854 by the end of the reporting period[6] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., held 25.49% of the shares[7] Research and Development - Research and development expenses rose by 65.98% to ¥29,211,644.07, reflecting increased investment in R&D projects[10] - Research and development expenses for Q1 2021 were ¥29,211,644.07, up from ¥17,599,484.63 in Q1 2020, reflecting a 66.5% increase in investment in innovation[20] - Research and development expenses increased to ¥25,924,607.81 in Q1 2021, up from ¥16,847,134.05 in Q1 2020, reflecting a focus on innovation[23] Inventory and Receivables - Inventory increased by 38.38% to ¥986,989,302.31, primarily due to an increase in stock of goods[10] - Accounts receivable financing decreased by 39.08% to ¥35,892,061.70 due to a reduction in payments made by customers using bank acceptance bills[10] Other Financial Metrics - Non-recurring gains and losses totaled CNY 12,232,694.19, primarily from asset disposal and government subsidies[6] - Other income surged by 483.92% to ¥20,922,813.35, primarily due to an increase in government subsidies received compared to the previous year[10] - Management expenses increased by 47.65% to ¥28,126,577.44, mainly due to higher employee compensation[10] - Total operating costs for Q1 2021 were ¥1,132,860,558.81, up from ¥923,630,264.35 in Q1 2020, reflecting a 22.6% increase[20] - The company has not disclosed any significant new product developments or market expansion strategies in this report[8]

Financial Performance - In 2020, the company's operating revenue reached CNY 4,823,232,214.48, an increase of 10.78% compared to CNY 4,353,688,120.21 in 2019[20] - The net profit attributable to shareholders was CNY 167,983,321.71, a significant recovery from a net loss of CNY 262,016,273.76 in 2019[20] - The net cash flow from operating activities was CNY 143,113,139.37, down 54.58% from CNY 315,099,368.12 in the previous year[20] - The company's total assets at the end of 2020 were CNY 1,374,018,365.63, reflecting a 16.85% increase from CNY 1,175,906,881.21 at the end of 2019[20] - Basic earnings per share improved to CNY 0.32 from a loss of CNY 0.50 in 2019[22] - The weighted average return on equity increased to 13.33%, up 33.41 percentage points from -20.08% in the previous year[22] - The company reported a total distributable profit of CNY -622,137,784.43 for 2020, leading to no profit distribution proposed for the year[5] - The company achieved a total sales revenue of 4,823,232,214.48 RMB, representing a year-on-year increase of 10.78%[46] - The net profit for the period was 182,861,700 RMB, an increase of 44,019,610 RMB compared to the previous year, with a net profit attributable to the parent company of 167,983,300 RMB, up by 42,999,960 RMB[43] Operational Highlights - The company’s main business remains unchanged, focusing on the production and sale of fertilizers and chemical products, with a strong brand presence in the East China region[31] - The company produced 2.358 million tons of fertilizers and 531,700 tons of chemical products in the reporting period[41] - The company achieved an industrial total output value of CNY 4.738 billion and main business revenue of CNY 4.440 billion during the reporting period[41] - The production volume of compound fertilizers was 926,422.82 tons, an increase of 44.22% year-on-year, while sales volume was 899,306.46 tons, up by 24.28%[50] - The company’s ammonia-based granulation facility has a designed annual capacity of 400,000 tons, making it the largest of its kind in China[40] Research and Development - The company invested 130,858,516.70 RMB in research and development, reflecting an increase of 11.84% year-on-year[46] - The company has developed over 100 new products across 10 major series, including water-soluble fertilizers and organic fertilizers, achieving record sales[38] - The company’s new NPK-ZnB fertilizer production technology has shown a 20% reduction in nutrient application while increasing crop yield by over 3% compared to traditional fertilizers[40] - The company is actively involved in research and development, with a focus on innovative fertilizer products and smart manufacturing to meet evolving market needs[75] Market Strategy - The company is adapting its sales model to increase direct sales to large-scale farmers and terminal outlets, enhancing market service awareness[32] - The company has implemented a comprehensive marketing strategy, including direct sales and promotional events, to strengthen its market position[35] - The company plans to enhance its marketing strategy by integrating online services with offline sales channels[101] - The company has a diverse sales model, including regional distribution and direct sales to large farming operations, supported by internet-based marketing initiatives[73] Environmental and Safety Compliance - In 2020, the company reported no instances of exceeding pollution discharge limits, adhering to national standards for wastewater and air emissions[140] - The company operates six wastewater discharge outlets and 27 air emission outlets, all compliant with relevant environmental regulations[140] - The company has established emission standards for various pollutants, including particulate matter at 150 mg/m³ and fluorides at 11 mg/m³ for specific discharge points[142] - The company is committed to reducing its environmental impact by adhering to stringent emission standards across its facilities[142] - The company has established a comprehensive environmental emergency response system and has filed the emergency response plan with the local environmental protection bureau[148] Corporate Governance - The company has established a comprehensive corporate governance structure that complies with relevant laws and regulations, ensuring clear responsibilities and effective operation of its governance bodies[178] - The total remuneration for the board members and senior management during the reporting period amounted to 7.2856 million yuan[165] - The company has a structured process for determining the remuneration of its board members, requiring approval from the shareholders' meeting[169] - The company’s governance structure includes independent directors and a remuneration committee to oversee compensation matters[169] Social Responsibility and Community Engagement - The company invested a total of 14.03 million RMB in poverty alleviation efforts, with 4.78 million RMB specifically allocated to industry development projects[135] - A total of 48 registered impoverished individuals were helped to escape poverty, with 5 individuals benefiting from industry development projects[135] - The company donated 10,000 yuan for epidemic prevention and 100,000 yuan for infrastructure construction in Jinshan Village[134] - The company plans to enhance poverty alleviation through the expansion of ginger and gourd planting projects, aiming for significant economic benefits[137]

Financial Performance - Operating revenue for the first nine months was approximately CNY 3.45 billion, representing a year-on-year increase of 7.80%[6] - Net profit attributable to shareholders surged to approximately CNY 148.58 million, a significant increase of 1,040.03% compared to the same period last year[6] - The weighted average return on equity rose to 11.73%, an increase of 10.83 percentage points year-on-year[6] - Basic and diluted earnings per share were both CNY 0.28, up 1,300% from CNY 0.02 in the previous year[6] - Total operating revenue for Q3 2020 reached ¥1,184,503,800.05, an increase of 10.9% compared to ¥1,068,397,124.09 in Q3 2019[25] - The total operating income for the first nine months of 2020 reached CNY 3,191,609,258.84, up from CNY 2,627,986,442.29 in the previous year, representing an increase of approximately 21.5%[32] - The company reported a net loss of ¥644,649,800.19 for the period, an improvement from a loss of ¥795,999,935.96 in the previous year[23] - The total profit for Q3 2020 was approximately ¥95.66 million, compared to a loss of ¥31.17 million in Q3 2019[27] Cash Flow and Liquidity - The net cash flow from operating activities for the first nine months was approximately CNY 67.30 million, a decrease of 75.42% compared to the previous year[6] - The net cash flow from operating activities decreased by 75.42% to ¥67,296,780.17 compared to ¥273,804,925.43 in the same period last year, mainly due to increased cash payments for goods and services[12] - The net cash flow from financing activities was ¥84,814,176.60, a significant improvement compared to a negative cash flow of ¥295,746,708.54 in the same period last year[12] - The company reported a decrease in cash outflows related to operating activities, totaling CNY 3,124,312,478.67 in 2020 compared to CNY 2,354,181,516.86 in 2019, indicating improved cash management[32] - The net cash flow from financing activities was 164,255,641.66 RMB, a significant improvement from -108,827,447.08 RMB in the previous year[35] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.63 billion, a slight increase of 0.05% compared to the end of the previous year[6] - Total liabilities as of September 30, 2020, were ¥2,102,157,517.24, up from ¥1,985,526,790.04 at the end of 2019, representing a rise of 5.9%[23] - The company's total equity stood at 1,125,527,152.95 RMB, reflecting a negative retained earnings of -760,018,442.59 RMB[39] - The total assets amounted to 4,626,641,250.49 RMB, with total liabilities at 3,501,114,097.54 RMB[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 32,060[9] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., held 25.49% of the shares, totaling approximately 132.97 million shares[10] Research and Development - Research and development expenses rose by 57.26% to ¥73,681,431.50 from ¥46,852,211.84, reflecting increased direct investment in R&D[13] - Research and development expenses for Q3 2020 were approximately ¥24.10 million, up from ¥12.47 million in Q3 2019, indicating a year-over-year increase of 93.5%[30] Operational Efficiency - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and product offerings[31] - The company reported a significant increase in total operating costs for the first three quarters of 2020, totaling approximately ¥3.30 billion, compared to ¥3.28 billion in the same period of 2019[26] Inventory and Prepayments - Prepayments increased significantly by 150.87% to ¥321,543,326.46 from ¥128,170,639.53, attributed to higher prepayments for raw materials[11] - The company reported a significant amount of inventory at 437.57 million, which may impact future cash flow and operational efficiency[42]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 2,269,687,841.80, representing a 6.26% increase compared to CNY 2,135,921,205.21 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was CNY 65,595,087.06, a significant increase of 47.56% from CNY 44,452,041.00 in the previous year[18]. - Basic earnings per share for the first half of 2020 were CNY 0.13, up 52.94% from CNY 0.085 in the same period last year[19]. - The company reported a significant improvement in net profit after deducting non-recurring gains and losses, with a figure of CNY 53,533,721.01 compared to a loss of CNY -14,214,453.62 in the previous year[18]. - The company reported a net loss of CNY 694,423,355.53, an improvement from a loss of CNY 760,018,442.59 in the previous period[90]. - The total comprehensive income for the first half of 2020 was CNY 44,452,041, a decrease of 35% compared to the previous period's CNY 28,906,959[113]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -106,593,245.58, a decline of 225.94% compared to CNY 84,639,927.14 in the same period last year[18]. - The total cash and cash equivalents at the end of the period were ¥178,888,134.49, down from ¥303,094,327.36 at the end of the first half of 2019[102]. - The cash flow from investing activities was negative at -¥92,423,150.91, slightly worse than -¥89,384,413.95 in the same period of 2019[102]. - The net cash flow from financing activities was 149,786,412.19 RMB, up from 85,236,799.52 RMB in the first half of 2019, indicating improved capital management[105]. Assets and Liabilities - The total assets decreased by 6.43% to CNY 4,329,355,464.33 from CNY 4,626,641,250.49 at the end of the previous year[18]. - Total liabilities decreased to CNY 3,108,606,466.07 from CNY 3,501,114,097.54, a reduction of about 11.2%[90]. - The company's equity attributable to shareholders rose to CNY 1,276,325,914.43 from CNY 1,175,906,881.21, an increase of approximately 8.5%[90]. - Current assets totaled CNY 1,522,806,883.83, down from CNY 1,572,667,781.98, indicating a decrease of about 3.2%[88]. Operational Highlights - The company’s main business remains unchanged, focusing on the production and sales of fertilizers and chemical products, with a significant presence in the East China region[23]. - The company launched over 100 new products across 10 major series, including water-soluble fertilizers and organic fertilizers, achieving record sales volumes[29]. - The company has developed over 100 varieties of phosphate fertilizers, meeting the nutritional needs of various crops[27]. - The company has established a comprehensive domestic sales network with approximately 16,000 effective terminal sales points, enhancing its market service capabilities[26]. Research and Development - The company’s research and development expenses rose by 39.19% to ¥46.79 million, reflecting increased investment in innovation[35]. - The company has applied for 6 invention patents related to its new fertilizer production technology, with 5 currently under substantive examination[31]. Environmental and Social Responsibility - The company is focusing on sustainable development and green practices, aligning with the agricultural supply-side structural reform[23]. - The company has two wastewater treatment systems for handling phosphorus and nitrogen wastewater, with no exceedance of discharge standards reported since 2020[66]. - The company has been actively engaged in ecological restoration projects, including greening efforts for phosphogypsum disposal sites[73]. - The company has committed CNY 100,000 for infrastructure development in the poverty-stricken areas[61]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 37,373[82]. - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., holds 25.49% of the shares, totaling 132,971,744 shares[82]. Accounting and Financial Reporting - The company implemented a new revenue recognition standard starting January 1, 2020, in accordance with the revised accounting standards issued by the Ministry of Finance[77]. - The financial statements are prepared based on the assumption of going concern, with no identified issues affecting the company's ability to continue operations[130]. - The company adheres to the accounting policies and estimates in accordance with the enterprise accounting standards, ensuring the financial statements reflect a true and complete view of its financial status[132].

Financial Performance - Operating revenue for the first quarter reached CNY 921,582,197.61, representing a 16.40% increase year-on-year[6] - The net profit attributable to shareholders of the listed company was CNY 1,674,042.78, a significant recovery from a loss of CNY 49,175,917.46 in the previous year[6] - The basic earnings per share improved to -0.01 CNY from -0.10 CNY year-on-year[6] - Net loss for Q1 2020 was CNY -8,091,276.49, compared to a net loss of CNY -64,153,037.31 in Q1 2019, showing a significant improvement[25] - The total comprehensive income for Q1 2020 was ¥14,952,948.73, compared to a total comprehensive loss of ¥9,646,345.56 in Q1 2019[27] - The company's operating profit for Q1 2020 was ¥14,960,017.73, a significant improvement from an operating loss of ¥9,545,184.54 in Q1 2019[26] Cash Flow - Net cash flow from operating activities surged by 105.97% to CNY 119,729,251.16 compared to the same period last year[6] - The cash flow from operating activities for Q1 2020 was ¥119,729,251.16, up from ¥58,128,842.74 in Q1 2019, showing a 105.0% increase[29] - The total cash inflow from operating activities in Q1 2020 was ¥670,726,256.56, up from ¥477,064,673.56 in Q1 2019, indicating a year-over-year increase of approximately 40.5%[31] - The cash flow from financing activities generated a net inflow of ¥108,997,381.17 in Q1 2020, compared to ¥79,737,800.68 in Q1 2019, marking an increase of approximately 36.7%[31] - The company reported cash inflow from borrowings of ¥438,000,000.00 in Q1 2020, which is a 76.6% increase from ¥248,000,000.00 in Q1 2019[31] Assets and Liabilities - Total assets increased by 9.05% to CNY 5,045,136,440.22 compared to the end of the previous year[6] - Total liabilities increased to ¥3,923,919,768.39 from ¥3,501,114,097.54, reflecting a rise in short-term borrowings[18] - The company's total assets as of March 31, 2020, were ¥5,045,136,440.22, compared to ¥4,626,641,250.49 at the end of 2019[17] - Total liabilities increased to CNY 2,297,325,971.07 as of March 31, 2020, compared to CNY 1,985,526,790.04 at the end of 2019[23] - The company's total assets as of Q1 2020 amounted to CNY 3,442,734,491.62, an increase from CNY 3,113,323,179.52 at the end of 2019[23] Shareholder Information - The total number of shareholders reached 45,142 by the end of the reporting period[10] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., holds 25.49% of the shares, totaling 132,971,744 shares[10] - The total equity attributable to shareholders was CNY 1,145,408,520.55, up from CNY 1,127,796,389.48 at the end of 2019[23] - The company’s equity attributable to shareholders was reported at ¥1,175,906,881.21, reflecting a stable equity position despite previous losses[35] Operational Metrics - The company's cash and cash equivalents increased by 47.25% to ¥633,807,667.93 from ¥430,430,338.13 due to higher cash receipts from sales[12] - Other receivables rose by 103.64% to ¥19,550,153.04 from ¥9,600,373.51, primarily due to an increase in other receivables[12] - Inventory increased by 32.92% to ¥918,277,630.85 from ¥690,853,516.74, mainly due to a rise in raw material stock[12] - Management expenses decreased by 59.45% to ¥19,049,597.12 from ¥46,981,398.32, mainly due to the exclusion of Jiangxi Liuguo from the consolidated scope[13] Research and Development - Research and development expenses for Q1 2020 were CNY 17,599,484.63, compared to CNY 14,175,222.71 in Q1 2019, reflecting a 24.5% increase[25] - Research and development expenses increased to ¥16,847,134.05 in Q1 2020 from ¥13,455,991.61 in Q1 2019, reflecting a 25.0% increase[26] Regulatory Changes - The company executed new revenue and leasing standards starting from January 1, 2020, which may impact future financial reporting and performance metrics[36] - The company reclassified pre-received sales amounts from "prepayments" to "contract liabilities" as per the new revenue recognition standards effective January 1, 2020[40] - The company has implemented the new revenue recognition and leasing standards, impacting the financial reporting[41]

Financial Performance - In 2019, the company's operating revenue was CNY 4,353,688,120.21, an increase of 4.52% compared to CNY 4,165,297,625.79 in 2018[21] - The net profit attributable to shareholders was a loss of CNY 262,016,273.76, improving from a loss of CNY 603,975,758.70 in the previous year[21] - The net cash flow from operating activities was CNY 315,099,368.12, a significant increase of 396.13% from CNY 63,511,592.60 in 2018[21] - The total assets decreased by 19.75% to CNY 4,626,641,250.49 from CNY 5,765,438,140.20 in 2018[22] - The net assets attributable to shareholders decreased by 18.12% to CNY 1,175,906,881.21 from CNY 1,436,118,131.10 in 2018[22] - The basic earnings per share for 2019 was -CNY 0.50, an improvement from -CNY 1.16 in 2018[23] - The weighted average return on equity increased by 14.28 percentage points to -20.08% from -34.36% in 2018[23] - The company reported a total non-recurring profit and loss of CNY 85.14 million in 2019, indicating a positive impact on overall profitability[26] Operational Highlights - In Q1 2019, the company's operating revenue was approximately CNY 791.74 million, while in Q2 it increased to CNY 1.34 billion, reflecting a significant growth[25] - The net profit attributable to shareholders in Q2 2019 was CNY 98.53 million, a recovery from a loss of CNY 54.08 million in Q1 2019[25] - The net cash flow from operating activities in Q3 2019 was CNY 189.16 million, showing a strong operational performance compared to CNY 26.51 million in Q2 2019[25] - The company achieved a sales revenue of CNY 4,353.69 million, an increase of 4.52% year-on-year[42] - The company sold 275,000 tons of new products, representing a year-on-year increase of 34.15%[39] - The company added 461 new customers, with a total sales volume of 73,000 tons from these new clients[39] Market and Industry Context - The total production of fertilizers in China reached 56.25 million tons in 2019, with a year-on-year growth of 3.6%[33] - The company holds a market share of approximately 3% in the national fertilizer reserve policy, which had a minimal impact on overall operations[34] - The company’s gross profit margin faced pressure due to rising natural gas prices and fluctuating international oil prices, leading to a decrease in product prices[38] - The overall fertilizer industry in 2019 was adversely affected by environmental regulations, reduced fertilizer usage policies, and low grain prices, leading to a downward trend in fertilizer prices[88] Research and Development - The company’s R&D expenses amounted to CNY 117.01 million, reflecting a 3.55% increase compared to the previous year[44] - The company has developed over 100 varieties of phosphate fertilizer products, meeting the nutritional needs of various crops[36] - The company filed 36 patents during the reporting period, with 13 new patents granted, including 5 invention patents[41] - The company plans to invest 50 million in R&D over the next two years to drive innovation and product development[172] Environmental and Sustainability Initiatives - The company is focused on sustainable development through continuous product innovation and a commitment to environmental friendliness[31] - The company’s environmental initiatives included achieving a 100% compliance rate for ammonia emissions and a 96.88% compliance rate for dust emissions[39] - The company reported no exceedance of pollutant discharge limits, adhering to environmental standards for wastewater and air emissions[145] - The company has established compliance with the "Comprehensive Emission Standards for Air Pollutants" and "Odorous Pollutants Discharge Standards" across multiple discharge points[147] - The company implemented a low-emission project, completing the construction of 2 SCR denitrification devices and 1 ammonia desulfurization device by the end of 2019[151] Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations[183] - The board of directors held 10 meetings during the reporting period, ensuring diligent attendance and adherence to governance rules[184] - The audit report indicated that the financial statements fairly reflect the company's financial position as of December 31, 2019[194] - The company confirmed that there were no significant deficiencies in internal controls during the reporting period[190] Social Responsibility and Community Engagement - Total poverty alleviation funding amounted to RMB 17.57 million, with material assistance valued at RMB 3.89 million, helping 50 registered impoverished individuals to escape poverty[139] - The company invested 9.5247 million RMB in the Gua Luo planting project, which generated nearly 200,000 RMB in income for the village collective by the end of 2019[136] - The company donated 6 tons of compound fertilizer valued at 19,200 RMB to Jinshan Village and provided professional agricultural guidance[137] - The company plans to invest no less than RMB 100,000 in poverty alleviation efforts in 2020, focusing on expanding the scale of the gourd planting project[141] Shareholder and Financial Structure - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., holds 132,971,744 shares, representing 25.49% of total shares[161] - The company has no actual controller, as the controlling shareholder changed from Tongling City Huasheng Chemical Investment Co., Ltd. to Anhui Chuanggu New Materials Co., Ltd.[165] - Total guarantee amount (including guarantees to subsidiaries) is 85,989.76 million RMB, accounting for 76.40% of the company's net assets[132] - The company has not disclosed any significant related party transactions for the year[129] Future Outlook and Strategic Plans - The company plans to produce 2.148 million tons of fertilizers in 2020, with a main business revenue target of 4,997 million yuan[103] - The company is exploring market expansion opportunities in Southeast Asia, aiming to increase its market share by 15% in the region[172] - The management team emphasized the importance of sustainability in new technology development, aiming for a 20% reduction in carbon emissions by 2025[172] - The company plans to implement a diversified marketing strategy, integrating online and offline sales channels to drive growth[102]

Financial Performance - Operating revenue increased by 11.74% to CNY 3,204,318,329.30 for the period from January to September[7] - Net profit attributable to shareholders of the listed company decreased by 396.13% to a loss of CNY 47,950,752.65[7] - Basic earnings per share decreased by 71.43% to CNY 0.02[8] - The company reported a significant investment loss of ¥655,295,280.90 in Q3 2019, impacting overall financial performance[26] - Net profit for Q3 2019 was a loss of ¥31,127,447.93, compared to a profit of ¥10,427,074.87 in Q3 2018, representing a significant decline[27] - The total comprehensive income for Q3 2019 was a loss of ¥31,127,447.93, compared to a profit of ¥10,427,074.87 in Q3 2018[28] - The net profit for Q3 2019 was -25,383,914.89 RMB, a significant decrease compared to a profit of 35,320,461.32 RMB in Q3 2018, representing a decline of approximately 172%[30] - Total profit for Q3 2019 was a loss of ¥31,168,048.67, compared to a profit of ¥13,612,517.22 in Q3 2018[27] Cash Flow - The net cash flow from operating activities improved significantly to CNY 273,804,925.43, compared to a loss of CNY 240,226,433.76 in the same period last year[7] - Cash flow from operating activities for the first nine months of 2019 was 273,804,925.43 RMB, a recovery from a negative cash flow of -240,226,433.76 RMB in the same period of 2018[34] - Cash flow from investing activities for the first nine months of 2019 was -126,463,866.88 RMB, an improvement from -292,916,160.96 RMB in the same period of 2018[35] - Cash flow from financing activities for the first nine months of 2019 was -295,746,708.54 RMB, compared to a positive cash flow of 761,142,587.32 RMB in the same period last year, indicating a shift of approximately 138.8%[35] - Cash inflow from financing activities decreased to ¥704,000,000.00 in 2019 from ¥1,014,000,000.00 in 2018, a decline of approximately 30.6%[37] - Cash outflow from financing activities increased to ¥812,827,447.08 in 2019 from ¥566,206,759.00 in 2018, an increase of about 43.5%[37] Assets and Liabilities - Total assets decreased by 10.25% to CNY 5,174,482,813.90 compared to the end of the previous year[7] - The company’s total liabilities decreased to ¥3,142,867,019.33 from ¥3,665,008,713.50[17] - Total liabilities reached ¥1,882.45 million, an increase from ¥1,804.19 million in the previous year, indicating a rise of about 4.3%[22] - The company's total equity decreased to ¥1,611.16 million from ¥1,661.87 million, representing a decline of approximately 3.0%[22] - The total assets as of the end of the reporting period were ¥5,765,438,140.20, unchanged from the previous year[40] - Total liabilities amounted to ¥4,382,379,270.33, with current liabilities at ¥3,665,008,713.50 and non-current liabilities at ¥717,370,556.83[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,355[10] - The largest shareholder, Tongling Chemical Industry Group Co., Ltd., holds 25.49% of the shares[10] Research and Development - Research and development expenses surged by 869.86% to ¥46,852,211.84 compared to the same period last year[14] - Research and development expenses for Q3 2019 were ¥13,233,555.01, a substantial increase from ¥1,723,601.67 in Q3 2018[26] Government Support - Government subsidies recognized during the period amounted to CNY 13,953,494.48[8] - Deferred income increased by 59.07% to ¥180,072,408.75 due to an increase in government grants related to assets[12]