Financial Performance - The company's operating revenue for Q1 2023 was RMB 1,345,661,450.61, representing a year-on-year increase of 17.11%[4] - Net profit attributable to shareholders for Q1 2023 reached RMB 221,446,774.06, a significant increase of 556.87% compared to the same period last year[4] - The basic earnings per share for Q1 2023 was RMB 0.0550, reflecting a remarkable growth of 520.98% year-on-year[4] - Total operating revenue for Q1 2023 was CNY 1,345,661,450.61, an increase from CNY 1,149,018,210.95 in Q1 2022, representing a growth of approximately 17.1%[20] - Net profit for Q1 2023 reached CNY 226,524,994.82, compared to CNY 39,658,392.82 in Q1 2022, reflecting a significant increase of approximately 471.5%[22] - Earnings per share (EPS) for Q1 2023 was CNY 0.0550, compared to CNY 0.0089 in Q1 2022, showing an increase of about 517.0%[24] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to RMB 21,755,461,492.58, which is a 7.83% increase from the end of the previous year[5] - Total liabilities as of Q1 2023 amounted to CNY 3,494,631,277.27, compared to CNY 3,386,887,939.71 in the previous year, representing an increase of approximately 3.2%[19] - The company's total assets as of Q1 2023 were CNY 21,755,461,492.58, compared to CNY 20,175,290,714.93 in the previous year, representing an increase of about 7.8%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 274,327, indicating a broad shareholder base[9] - The largest shareholder, Liaoning Fangda Group Industrial Co., Ltd., holds 36.92% of the shares, with a significant portion pledged[9] - Total equity attributable to shareholders reached CNY 17,150,126,722.67 in Q1 2023, up from CNY 15,682,777,503.34 in Q1 2022, indicating a growth of about 9.4%[19] Cash Flow - The net cash flow from operating activities for Q1 2023 was negative at RMB -39,017,808.09, indicating a change in cash flow dynamics[4] - The net cash flow from operating activities for Q1 2023 was -39,017,808.09 RMB, an improvement from -166,396,612.00 RMB in Q1 2022[26] - Total cash inflow from investment activities reached 1,558,915,705.01 RMB, significantly up from 37,165,913.78 RMB in the same period last year[26] - Cash inflow from financing activities amounted to 1,613,038,133.28 RMB, compared to 200,000,000.00 RMB in Q1 2022[26] - The net cash flow from financing activities was 1,560,235,784.58 RMB, up from 194,120,822.50 RMB year-over-year[26] Investments and Financial Changes - Non-recurring gains and losses for the period included RMB 77,865,237.97 from fair value changes of financial assets, contributing to the overall profit[6] - Investment income for Q1 2023 was CNY 93,519,180.21, significantly higher than CNY 27,978,636.34 in Q1 2022, marking an increase of approximately 234.5%[20] - Financial expenses for Q1 2023 showed a net income of CNY -21,757,138.63, compared to CNY -58,659,711.53 in Q1 2022, reflecting an improvement in financial performance[20] Inventory and Receivables - Accounts receivable increased to RMB 687,466,616.89 from RMB 531,773,870.25, reflecting a growth of about 29.36%[17] - The company's inventory decreased to RMB 2,177,838,039.79 from RMB 2,298,822,676.14, showing a decline of approximately 5.27%[17] Corporate Actions - The company issued 22,000,000 Global Depositary Receipts (GDRs), corresponding to 220,000,000 underlying A-shares, which were listed on the Swiss Stock Exchange on March 15, 2023[14] - The company plans to enhance its international financing channels and brand image through the issuance of GDRs, which has been approved by the board and shareholders[14] - The company's subsidiary Chengdu Fangda Carbon Composite Materials Co., Ltd. was approved to be listed on the National Equities Exchange and Quotations (NEEQ) starting March 16, 2023[14] Cash and Equivalents - The company's cash and cash equivalents amounted to RMB 5,416,831,693.41, up from RMB 3,152,026,939.80, indicating a significant increase of approximately 71.73%[16] - The total cash and cash equivalents at the end of Q1 2023 stood at 5,315,831,736.32 RMB, a significant increase from 2,831,953,586.39 RMB at the end of Q1 2022[26] Accounting Standards - The company has not adopted new accounting standards or interpretations for the first time in 2023[27]

Financial Performance - The company's operating revenue for 2022 was approximately RMB 5.32 billion, an increase of 14.37% compared to RMB 4.65 billion in 2021[14]. - The net profit attributable to shareholders of the listed company decreased by 22.56% to approximately RMB 839.94 million from RMB 1.08 billion in 2021[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 727.68 million, down 5.99% from RMB 774.09 million in the previous year[14]. - Basic earnings per share decreased by 24.14% to CNY 0.22 in 2022 compared to CNY 0.29 in 2021[17]. - The weighted average return on equity fell by 1.62 percentage points to 5.53% in 2022 from 7.15% in 2021[17]. - Total operating revenue for Q2 2022 was CNY 1,522,070,533.17, with a net profit attributable to shareholders of CNY 307,018,517.26[18]. - The company reported a total of CNY 61,979,423.66 in government subsidies related to normal business operations in 2022[19]. - The company reported a net profit margin of 0% for the fiscal year 2022[100]. Cash Flow and Assets - The net cash flow from operating activities was approximately RMB 236.12 million, a significant recovery from a negative cash flow of RMB 37.84 million in 2021[14]. - The total assets at the end of 2022 were approximately RMB 20.18 billion, an increase of 9.04% from RMB 18.50 billion at the end of 2021[16]. - The net cash flow from operating activities was CNY 236,117,357.73, a significant improvement from a negative cash flow of CNY -37,844,166.75 in the previous year[42]. - The company's cash and cash equivalents decreased by 59.36% to CNY 3,152,026,939.80, representing 15.62% of total assets[43]. - The company's total assets decreased by 59.36% to CNY 20,195,000,000.00 compared to the previous year[43]. - The company's current assets decreased to CNY 9.40 billion in 2022 from CNY 12.32 billion in 2021, reflecting a decline of about 23.5%[152]. - The total liabilities increased to CNY 3.39 billion in 2022 from CNY 2.75 billion in 2021, marking an increase of approximately 23.2%[153]. Investments and R&D - Research and development expenses rose by 37.35% to ¥95,571,741.10, reflecting the company's commitment to innovation[30]. - The company established several research partnerships with prestigious institutions, enhancing its R&D capabilities in advanced materials[28]. - The company has achieved breakthroughs in graphene materials and carbon-carbon composite materials, driven by the rapid development of the new energy sector[25]. - The company invested ¥4.5 billion in establishing the Nanchang Huxu Steel Industry Investment Partnership[47]. - The company is focusing on technological advancements and new material innovations to drive future growth[68]. Market and Product Strategy - The company maintained stable operations in 2022, focusing on high-quality development and product structure adjustment, with a commitment to carbon neutrality goals[22]. - The company expanded its market presence in Europe, driven by product quality improvements and adherence to international standards[23]. - The carbon material industry is expected to see continued demand growth, particularly for graphite electrodes, as electric arc furnace steel production is projected to exceed 15% of total crude steel output by 2025[24]. - The company actively adjusted its product production structure in response to market needs, maintaining a good market share despite fluctuations in raw material prices[25]. - The company aims to leverage strategic partnerships for market expansion and potential acquisitions in the upcoming fiscal year[68]. Governance and Compliance - The company has a governance structure in place that ensures compliance with relevant laws and regulations, promoting transparency and accountability[59]. - The company has implemented measures to protect investor rights and maintain transparency in its financial decisions[60]. - The company has revised its governance documents and management systems to improve operational efficiency and compliance[63]. - The company has established a comprehensive remuneration assessment system for its directors and supervisors[77]. - The company has not disclosed any significant deficiencies in internal controls during the reporting period[101]. Environmental Responsibility - The company invested 23.24 million yuan in environmental protection during the reporting period[103]. - The total wastewater discharge was 284,700 tons, with COD emissions of 2.21 tons and ammonia nitrogen emissions of 0.06 tons[104]. - The company has achieved compliance with all relevant emission standards for wastewater and air pollutants, demonstrating its commitment to environmental protection[108][109]. - The company aims to enhance its ecological responsibility by promoting clean production and waste recycling, significantly improving the environmental quality of its facilities[115]. - The company has established emergency response plans for environmental incidents, regularly conducting training and drills to improve staff preparedness[111]. Employee and Management Changes - The company reported a total of 5,044 employees, with 2,532 in the parent company and 2,512 in major subsidiaries[91]. - The company has implemented a salary management system for senior management, linking compensation to performance and responsibilities[100]. - The company experienced a leadership change with the resignation of General Manager Qiu Zongyuan on April 5, 2023, due to work relocation[72]. - The company has a history of appointing experienced professionals in key management positions to enhance operational efficiency[71]. - The company held multiple board meetings throughout 2022 to address management changes and strategic decisions[72]. Shareholder and Financial Structure - The company plans to expand its investment in high-tech projects and asset management services[51]. - The company approved several resolutions in its shareholder meetings, including the issuance of GDRs and plans for fundraising, indicating a focus on international market expansion[63]. - The total number of common shareholders as of the end of the reporting period is 284,033, an increase from 274,327 at the end of the previous month[135]. - The largest shareholder, Liaoning Fangda Group Industrial Co., Ltd., holds 1,524,413,321 shares, representing 40.05% of the total shares, with 1,080,000,000 shares pledged[136]. - The company has a significant stake in various subsidiaries, including 38.71% in Fangda Special Steel Technology Co., Ltd. and 53.84% in Northeast Pharmaceutical Group Co., Ltd.[138]. Future Outlook - In 2023, the company plans to optimize product structure and enhance production efficiency, emphasizing quality management and innovation to drive growth[56]. - The company is committed to reducing costs and improving resource utilization through detailed cost management strategies[56]. - The financial outlook for the next quarter indicates a positive trend, with expectations of increased revenue growth[67]. - The company is actively exploring opportunities for industry mergers and acquisitions to enhance its market competitiveness and ensure sustainable development[98]. - The company plans to accumulate undistributed profits for future use in new product development, equipment upgrades, market expansion, and environmental investments[97].

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,253,562,501.64, representing a year-over-year increase of 4.09%[4] - The net profit attributable to shareholders for the quarter was ¥125,989,921.09, a decrease of 66.07% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥215,991,960.48, down 8.10% from the previous year[4] - The basic earnings per share for the quarter was ¥0.0331, a decrease of 66.07% compared to the same period last year[4] - Net profit for the third quarter of 2022 was ¥487,384,003.06, a decrease of 45.5% from ¥895,123,796.31 in the same quarter of 2021[19] - Earnings per share for the third quarter of 2022 were ¥0.1226, down from ¥0.2295 in the same quarter of 2021[20] - Total operating revenue for the first three quarters of 2022 reached ¥3,924,651,245.76, an increase of 10% compared to ¥3,568,448,093.93 in the same period of 2021[18] Research and Development - R&D expenses for the quarter amounted to ¥29,789,128.63, an increase of 22.79% compared to the same period last year[4] - Research and development expenses for the first three quarters of 2022 were ¥74,938,779.65, an increase from ¥56,783,051.76 in 2021, reflecting a 32% rise[18] Assets and Liabilities - Total assets at the end of the quarter were ¥20,161,777,680.94, an increase of 8.97% from the end of the previous year[5] - The company's current assets decreased to RMB 9,358,156,796.84 from RMB 12,317,951,327.02, reflecting a decline of about 23.9% year-over-year[14] - Cash and cash equivalents were reported at RMB 4,086,905,911, down from RMB 7,756,346,758.33, indicating a decrease of approximately 47.4%[13] - The company's inventory increased significantly to RMB 2,263,635,454.42 from RMB 1,738,151,495.51, marking a rise of about 30.2%[13] - The total liabilities rose to RMB 2,848,632,828.38, compared to RMB 2,107,819,217.09, which is an increase of approximately 35.1%[15] - Total liabilities increased to ¥3,892,556,561.33 in the third quarter of 2022, compared to ¥2,752,103,519.49 in the same period of 2021, marking a 41.3% rise[17] Shareholder Information - Shareholders' equity attributable to the parent company was ¥15,262,401,149.08, reflecting a year-over-year increase of 3.37%[5] - The total number of ordinary shareholders at the end of the reporting period was 292,679[9] - Total equity attributable to shareholders reached ¥15,262,401,149.08, up from ¥14,764,688,049.15 in the previous year, indicating a growth of 3.4%[17] Cash Flow - Cash generated from operating activities for the first three quarters of 2022 was ¥3,986,724,115.30, compared to ¥3,434,865,454.47 in 2021, representing a 16% increase[21] - The net cash inflow from operating activities was CNY 528,892,856.86, a slight increase from CNY 516,171,993.46 in the previous year[22] - Total cash inflow from operating activities amounted to CNY 4,557,364,443.55, compared to CNY 3,650,707,942.11 in the same period last year, reflecting a growth of approximately 24.7%[22] - Cash outflow for purchasing goods and services was CNY 2,901,514,320.62, up from CNY 1,804,166,145.15, indicating a year-over-year increase of about 60.9%[22] - The net cash flow from investing activities was -CNY 4,741,179,079.04, a significant decline from CNY 1,479,767,823.86 in the previous year[23] - Cash inflow from financing activities was CNY 1,393,382,048.68, compared to CNY 914,828,724.92 in the previous year, showing an increase of about 52.3%[24] - The net cash flow from financing activities was CNY 698,050,230.09, a recovery from a negative cash flow of -CNY 1,662,856,526.38 in the same period last year[24] Future Plans - The company plans to issue Global Depositary Receipts (GDR) to enhance international financing channels and has received approval from the China Securities Regulatory Commission[11] - The company is actively pursuing the listing of its subsidiary Chengdu Fangda Carbon Composite Materials Co., Ltd. on the National Equities Exchange and Quotations to enhance competitiveness in the isostatic graphite sector[11]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,671,088,744.12, representing a 12.98% increase compared to ¥2,364,170,550.47 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2022 was ¥340,730,796.76, a decrease of 32.14% from ¥502,113,306.19 in the previous year[16]. - The net cash flow from operating activities decreased by 55.85%, amounting to ¥260,408,065.30 compared to ¥589,822,637.97 in the same period last year[16]. - The total assets at the end of the reporting period were ¥20,100,711,748.14, an increase of 8.64% from ¥18,502,948,253.96 at the end of the previous year[16]. - The net assets attributable to shareholders increased by 2.53%, reaching ¥15,138,198,475.38 compared to ¥14,764,688,049.15 at the end of the previous year[16]. - The basic earnings per share for the first half of 2022 were ¥0.0895, down 32.14% from ¥0.1319 in the same period last year[17]. - The diluted earnings per share also stood at ¥0.0895, reflecting the same percentage decrease as basic earnings per share[17]. - The weighted average return on net assets decreased by 1.09 percentage points to 2.28% from 3.37% in the previous year[17]. - The company reported a decrease of 8.65% in the basic earnings per share after deducting non-recurring gains and losses, which was ¥0.1098 compared to ¥0.1202 in the previous year[17]. Operational Challenges - The net profit attributable to shareholders decreased by 32.14% year-on-year due to rising raw material prices and fair value changes[18]. - The net cash flow from operating activities declined by 55.85% compared to the same period last year, primarily due to increased purchases of raw materials and engineering materials[18]. - The company faces economic risks due to complex internal and external environments, including demand contraction and supply shocks, amidst the backdrop of carbon neutrality policies[41]. - The company is facing challenges due to rising raw material prices and increased cost pressures in the carbon sector, necessitating dynamic market strategies[43]. Research and Development - The company focuses on the research and development of carbon products, including graphite electrodes and carbon bricks, which are essential in various industries[21]. - The company invests in R&D and has established partnerships with renowned research institutions, positioning itself as a leader in carbon material innovation[25]. - Research and development expenses increased by 38.82% to CNY 45,149,651.02, reflecting the company's commitment to innovation[28][29]. Market Expansion and Investments - The company has established wholly-owned subsidiaries in Turkey, South Korea, and Russia to expand its overseas market presence[33]. - The company made a significant investment of CNY 4.5 billion in the Nanchang Huxu Steel Industry Investment Partnership, which was approved in March 2022[35][36]. - The company plans to issue Global Depositary Receipts (GDR) and list them on the Swiss Stock Exchange to enhance international financing channels and brand image[43]. Environmental Compliance - The company reported a wastewater discharge of 91,700 tons, with COD emissions of 1.05 tons and ammonia nitrogen emissions of 0.06 tons, resulting in average COD and ammonia nitrogen concentrations of 11.43 mg/L and 0.06 mg/L respectively[54]. - The total emissions for particulate matter were 5.252 tons, SO2 emissions were 16.353 tons, and nitrogen oxides emissions were 10.504 tons during the reporting period[54]. - The company has not exceeded the emission standards for any pollutants during the reporting period[55]. - The company has implemented various environmental protection facilities, including bag dust collectors and wastewater treatment stations, ensuring regular maintenance for optimal operation[56]. - The company has successfully completed environmental impact assessments for all construction projects, maintaining compliance with relevant regulations[57]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 309,131[80]. - The total number of unrestricted circulating shares held by the top ten shareholders is 1,524,413,321 shares, accounting for 40.05% of the total shares[81]. - The largest shareholder, Liaoning Fangda Group Industrial Co., Ltd., holds 1,524,413,321 shares, which are all ordinary shares in RMB[82]. - The report indicates that there were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[84]. Financial Assets and Liabilities - Total assets increased to ¥20,100,711,748.14, up from ¥18,502,948,253.96, representing an increase of approximately 8.6%[88]. - Current assets decreased to ¥9,397,986,921.32 from ¥12,317,951,327.02, a decline of about 23.5%[86]. - Total liabilities rose to ¥3,931,628,534.49 from ¥2,752,103,519.49, an increase of approximately 42.7%[88]. - Shareholders' equity increased to ¥16,169,083,213.65 from ¥15,750,844,734.47, showing a growth of about 2.6%[88]. Accounting Policies - The financial statements are prepared in accordance with the latest accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[122]. - The company applies the equity method for investments in subsidiaries, ensuring that any differences in acquisition costs and fair value are accounted for appropriately[125]. - The company recognizes revenue when control of the goods is transferred to the customer, which is when the customer can direct the use of the goods and obtain almost all the economic benefits[171]. Social Responsibility - Since 2019, the company has created over 2,500 local jobs through rural revitalization projects, with average monthly wages exceeding RMB 2,600[64]. - The company actively engages in social responsibility initiatives, including poverty alleviation and community support, to strengthen the foundation for rural revitalization[65].

Financial Performance - The company's operating revenue for 2021 was approximately ¥4.65 billion, representing a 31.44% increase compared to ¥3.54 billion in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥1.08 billion, a significant increase of 98.11% from ¥547 million in 2020[17]. - The basic earnings per share for 2021 was ¥0.29, reflecting a 107.14% increase from ¥0.14 in 2020[18]. - The weighted average return on equity for 2021 was 7.15%, an increase of 3.57 percentage points from 3.58% in 2020[18]. - The total assets at the end of 2021 were approximately ¥18.50 billion, a decrease of 3.81% from ¥19.24 billion at the end of 2020[17]. - The net assets attributable to shareholders at the end of 2021 were approximately ¥14.76 billion, down 5.26% from ¥15.58 billion at the end of 2020[17]. - The company reported a quarterly revenue of approximately ¥1.43 billion for Q2 2021, which was the highest among the four quarters[19]. - The gross margin for the carbon industry segment increased by 5.23 percentage points to 29.48%[36]. - The total operating revenue for 2021 reached RMB 4,651,772,746.11, a 31.6% increase from RMB 3,539,172,251.49 in 2020[167]. - Net profit for 2021 was RMB 1,115,576,682.69, representing a significant increase of 107.5% compared to RMB 536,681,419.75 in 2020[168]. Cash Flow and Financial Position - The net cash flow from operating activities for 2021 was negative at approximately -¥37.84 million, a decrease of 106.53% compared to ¥579 million in 2020[17]. - Cash and cash equivalents at the end of the period were CNY 7,756,346,758.33, an increase of 33.95% from the previous year[48]. - The company reported a total current asset of 12.32 billion RMB in 2021, down from 13.17 billion RMB in 2020, indicating a decrease of about 6.4%[160]. - The company reported a cash and cash equivalents balance of ¥7,421,524,979.39 at year-end, up from ¥5,498,473,810.37 at the beginning of the year[174]. - The total liabilities at the end of the period were 4,330,166,798.01, reflecting the company's financial obligations[190]. - The company’s stockholders' equity totaled 12,108,455,846.58, which is essential for assessing its financial health[186]. Audit and Compliance - The company received a standard unqualified audit report from Tianzhi International Accounting Firm[3]. - The board of directors and senior management confirmed the accuracy and completeness of the annual report[3]. - The internal control audit report issued by Tianzhi International CPA provided a standard unqualified opinion[100]. - The audit committee held 6 meetings during the reporting period, ensuring the accuracy and completeness of the financial reports[90]. - The company confirmed that its financial reports for 2020 were true, complete, and accurate, with no significant misstatements or fraud[90]. Research and Development - The company has established a research and development system with leading-edge technology, collaborating with renowned institutions like Tsinghua University and Lanzhou University[29]. - The company achieved a significant increase in investment income, up 249.76% to RMB 413,278,092.00, primarily from the disposal of stocks[34]. - Research and development expenses decreased by 20.69% to RMB 69,584,880.14, reflecting reduced material inputs for projects[33]. - The total number of R&D personnel was 296, accounting for 10.28% of the total workforce[45]. Environmental and Social Responsibility - The company has implemented strict safety and environmental management practices, updating pollution control equipment to meet 2021 emission standards[25]. - The company reported a wastewater discharge of 516,500 tons, with COD emissions of 4.98 tons and ammonia nitrogen emissions of 0.34 tons during the reporting period[102]. - The company actively engaged in social responsibility initiatives, including creating over 2,500 local jobs in rural revitalization projects[114]. - The company is committed to achieving environmental standards that exceed national requirements and aims to reach advanced levels comparable to developed countries within the next 10 to 20 years[115]. Governance and Management - The company emphasized investor relations management, engaging in over a hundred interactions with investors regarding operational status and development plans[65]. - The company held 5 shareholder meetings during the reporting period, reviewing 15 proposals, ensuring compliance with legal procedures and protecting minority shareholders' rights[64]. - The company is focused on improving its governance structure and transparency in operations, adhering to relevant laws and regulations[63]. - The company has a diverse leadership team with members holding multiple positions across various subsidiaries, indicating a strong interconnected management structure[80]. Market and Industry Outlook - The carbon industry is expected to see continued growth, with electric arc furnace steel production projected to account for over 15% of total crude steel output by 2025, driving demand for graphite electrodes[27]. - The company is focusing on extending and improving its industrial chain to ensure long-term development[51]. - The company plans to achieve breakthroughs in large-scale graphite electrode sales, emphasizing market-oriented strategies and prioritizing order selection based on profitability[59]. - The company recognizes operational risks due to international trade tensions and economic slowdowns, and will adapt its management and marketing strategies accordingly[62].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,204,277,543.46, representing a year-on-year increase of 24.79%[4] - The net profit attributable to shareholders for Q3 2021 was CNY 371,301,658.19, an increase of 83.85% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 235,035,371.33, up 24.61% year-on-year[4] - The basic earnings per share for Q3 2021 was CNY 0.0976, an increase of 83.85% year-on-year[5] - Total revenue for the first three quarters of 2021 reached approximately RMB 3.57 billion, a 37.2% increase from RMB 2.60 billion in the same period of 2020[23] - Operating profit for the third quarter of 2021 was RMB 1.07 billion, compared to RMB 459.8 million in the third quarter of 2020, reflecting a significant increase[25] - Net profit attributable to shareholders of the parent company for the third quarter of 2021 was RMB 873.4 million, up from RMB 400.4 million in the same quarter of 2020, representing a 118.5% increase[26] - The basic earnings per share for Q3 2021 were RMB 0.2295, compared to RMB 0.1052 in Q3 2020, indicating an increase of 118.5%[26] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period reached CNY 516,171,993.46, reflecting a significant increase of 164.44% compared to the same period last year[4] - Operating cash inflow for Q3 2021 reached ¥3,650,707,942.11, a significant increase of 53.3% compared to ¥2,383,345,379.36 in Q3 2020[28] - Net cash flow from operating activities was ¥516,171,993.46, up from ¥195,191,906.21 in the same period last year, representing a growth of 164.5%[28] - The net increase in cash and cash equivalents for the period was ¥335,178,258.35, contrasting with a decrease of ¥3,676,079,586.44 in Q3 2020, indicating improved liquidity management[30] Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 18,364,934,661.65, a decrease of 4.53% from the end of the previous year[5] - Total liabilities as of the end of the third quarter of 2021 amounted to RMB 2.85 billion, an increase from RMB 2.69 billion at the end of the same period in 2020[22] - The company's total equity decreased to RMB 15.52 billion in Q3 2021 from RMB 16.54 billion in Q3 2020, indicating a decline of approximately 6.2%[22] - The company's accounts receivable increased by 77.04% year-on-year, reaching CNY 695,552,775.41, due to rising sales prices[8] - The total assets of the company as of September 30, 2021, are ¥18,364,934,661.65, down from ¥19,235,471,109.23 at the end of 2020[20] Investments and Shareholder Information - The company plans to invest ¥600 million in the Tianjin Haihe Fangda Industrial Investment Fund, representing 59.41% of the fund's total subscription amount[17] - The total number of common shareholders at the end of the reporting period is 253,441[11] - The largest shareholder, Liaoning Fangda Group Industrial Co., Ltd., holds 1,524,413,321 shares, accounting for 40.05% of total shares[11] - The company has a long-term equity investment valued at ¥2,501,235,974.03 as of September 30, 2021[19] Operational Costs and Expenses - The total cost of operations for the first three quarters of 2021 was RMB 2.39 billion, up from RMB 1.96 billion in the same period of 2020, reflecting a 22% increase[23] - Research and development expenses for the third quarter of 2021 were RMB 56.8 million, slightly down from RMB 60.5 million in the same quarter of 2020[25] - The company reported a financial income of RMB 137.9 million in Q3 2021, compared to RMB 193.9 million in Q3 2020, showing a decrease of 29%[25] Investment Activities - Total cash inflow from investment activities amounted to ¥4,830,000,336.70, an increase of 50.5% from ¥3,208,108,953.34 in Q3 2020[30] - Net cash flow from investment activities was ¥1,479,767,823.86, a recovery from a negative cash flow of ¥4,100,081,703.20 in the previous year[30] - Cash received from other investment-related activities was ¥3,070,000,000.00, compared to ¥2,310,000,000.00 in Q3 2020, showing a growth of 33%[28] - The company received cash from investment returns totaling ¥133,420,413.99, which is an increase from ¥112,602,562.47 in the same period last year[30] Dividend and Capital Distribution - The company paid out ¥1,841,410,497.69 in dividends and interest, a significant increase from ¥32,516,614.88 in the previous year, reflecting a change in capital distribution strategy[30]