Financial Performance - The company achieved a net profit attributable to shareholders of 54,071,724.19 CNY for the first half of 2022, representing a 158.93% increase compared to the same period last year[4]. - Operating revenue for the first half of 2022 was 228,103,318.59 CNY, a 62.49% increase year-on-year[18]. - The net cash flow from operating activities was 39,955,273.10 CNY, up 138.61% from the previous year[18]. - Basic earnings per share for the first half of 2022 were 0.188 CNY, a 161.11% increase from 0.072 CNY in the same period last year[19]. - The company reported a net profit of CNY 54.07 million, significantly up from the previous year, driven by increased sales prices of key products[32]. - The total revenue for the company was CNY 228.10 million, reflecting a year-on-year growth of 62.49%[34]. - The company reported a significant increase in cash received from sales of goods and services, totaling CNY 171,527,123.88, compared to CNY 96,313,335.78 in the first half of 2021[86]. - The total comprehensive income for the first half of 2022 was CNY 76,302,564.22, a recovery from a comprehensive loss of CNY 3,105,199.14 in the same period of 2021[85]. Assets and Liabilities - The company's total assets increased by 7.83% to 844,544,743.01 CNY compared to the end of the previous year[18]. - The net assets attributable to shareholders rose to 754,066,554.45 CNY, reflecting a 7.93% increase from the previous year[18]. - Total current liabilities increased to RMB 75,764,260.10 from RMB 69,616,167.58, reflecting an increase of about 8.2%[77]. - The company's total equity rose to RMB 754,066,554.45 from RMB 698,691,108.15, indicating a growth of approximately 8.0%[77]. - The company's cash and cash equivalents decreased to RMB 174,362,738.84 from RMB 438,157,202.83, representing a decline of approximately 60.2%[75]. Revenue Sources - In the reporting period, the company's revenue from strontium salt business reached CNY 225.08 million, a year-on-year increase of 71.01%[32]. - The average selling price of strontium carbonate increased by 66.72% to CNY 12,410.59 per ton, while metallic strontium's price rose by 90.45% to CNY 76,714.88 per ton[31]. - The company produced 10,564 tons of strontium carbonate, a slight increase of 1.69% compared to the previous period, while sales volume decreased by 7.57% to 7,815 tons[31]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling 28,817,627.30 CNY, which accounts for 85.72% of the distributable profit for the period[4]. - The controlling shareholder, Qinghai Investment Group, holds 86,418,507 shares, accounting for 29.99% of the total share capital, with 97.62% of these shares pledged[60]. - The total number of ordinary shareholders at the end of the reporting period was 16,451[65]. Environmental and Safety Management - The company is committed to enhancing safety and environmental management to mitigate risks associated with regulatory pressures[40]. - The company continues to promote green production and improve the operational quality of environmental protection facilities[46]. - The company has established a continuous automatic monitoring system for waste gas and wastewater, ensuring compliance with environmental standards[51]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[46]. Research and Development - The company has a total of 72 patents, with 6 new patents added during the reporting period, enhancing its technological advantage in strontium salt production[27]. - R&D expenses increased due to the expansion of R&D projects[35]. - The company incurred research and development expenses of CNY 7,737,039.37, compared to CNY 6,505,408.06 in the first half of 2021, indicating a focus on innovation[84]. Challenges and Risks - The company faces challenges such as rising raw material costs and intensified competition in the strontium salt industry[22]. - The increase in operating costs is primarily due to the rise in raw material procurement prices[35]. - The company faces significant risks from raw material price fluctuations, particularly for Tianqing stone, which is critical for production costs[39]. Corporate Governance and Structure - The actual controller of the company changed on June 24, 2022, with no current actual controller identified[68]. - The company has no significant litigation or arbitration matters during the reporting period[59]. - The integrity status of the company is good, with no unfulfilled court judgments or significant overdue debts[59]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[97]. - The company is actively developing new carbon strontium projects and has completed preliminary technical verification of ore dressing processes[30].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 121,370,798.64, representing a year-on-year increase of 133.71%[3] - The net profit attributable to shareholders for the same period was CNY 32,222,436.80, reflecting a significant increase of 1,034.93% compared to the previous year[3] - Basic earnings per share reached CNY 0.112, marking an increase of 1,020.00% year-on-year[3] - Total operating revenue for Q1 2022 reached CNY 121,370,798.64, a significant increase of 133.3% compared to CNY 51,932,484.37 in Q1 2021[15] - Operating profit for Q1 2022 was CNY 38,286,455.07, compared to CNY 3,936,079.29 in Q1 2021, reflecting a substantial growth[15] - The net profit for Q1 2022 was CNY 32,222,436.80, a significant increase from CNY 2,839,146.84 in Q1 2021, representing a growth of approximately 1,033%[16] - The total comprehensive income for Q1 2022 was CNY 32,222,436.80, consistent with the net profit, indicating no other comprehensive income adjustments[16] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 815,596,305.50, up 4.13% from the end of the previous year[3] - Total assets as of March 31, 2022, amounted to CNY 815,596,305.50, an increase from CNY 783,232,000.03 at the end of 2021[12] - Total liabilities decreased slightly to CNY 84,038,841.61 from CNY 84,540,891.88 at the end of 2021[13] - The company's equity attributable to shareholders increased by 4.70% to CNY 731,557,463.89 compared to the previous year[3] - The company's retained earnings increased to CNY 111,599,555.58, up from CNY 79,377,118.78 at the end of 2021, indicating improved profitability[13] Cash Flow and Investments - Cash and cash equivalents decreased by 64.32% due to investments in financial products[6] - Cash and cash equivalents decreased to CNY 156,340,243.34 as of March 31, 2022, down 64.3% from CNY 438,157,202.83 at the end of 2021[11] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 156,340,243.34, a significant increase from CNY 25,654,861.09 at the end of Q1 2021[18] - Investment activities resulted in a net cash outflow of CNY -301,470,105.05 in Q1 2022, compared to CNY -331,997,702.01 in Q1 2021, showing a reduction in cash outflow[18] Operating Costs and Expenses - Total operating costs for Q1 2022 were CNY 84,639,403.55, up 71.1% from CNY 49,461,670.51 in Q1 2021[15] - The company incurred operating expenses of CNY 73,894,595.52 in Q1 2022, compared to CNY 39,300,766.84 in Q1 2021, reflecting a rise of approximately 88%[17] - Research and development expenses rose by 31.52%, indicating increased investment in R&D projects[6] - Research and development expenses for Q1 2022 were CNY 1,606,136.93, compared to CNY 1,221,199.82 in Q1 2021, reflecting a focus on innovation[15] - The company paid CNY 12,316,269.18 in employee compensation during Q1 2022, which is an increase from CNY 7,993,965.03 in Q1 2021, reflecting a growth of approximately 54%[17] Revenue and Income - Total revenue from sales in Q1 2022 reached CNY 93,977,314.13, up from CNY 31,243,649.45 in Q1 2021, marking an increase of about 200%[17] - The company reported a net investment income of CNY 1,398,493.15 for Q1 2022, slightly up from CNY 1,381,479.45 in Q1 2021[15] - The company received government subsidies, contributing to an increase in other income by 86.87%[6] Financial Ratios and Performance Indicators - Operating cash flow for Q1 2022 was CNY 20,853,145.56, compared to a negative cash flow of CNY -5,843,608.09 in Q1 2021, indicating a turnaround in cash generation[17] - The company reported a basic and diluted earnings per share of CNY 0.112 for Q1 2022, compared to CNY 0.01 in Q1 2021, indicating a substantial increase in profitability per share[16] - Accounts receivable increased by 39.43%, primarily due to higher operating revenue[6] - Accounts receivable increased to CNY 46,600,006.05, up 39.4% from CNY 33,421,716.57 at the end of 2021[11] - The company reported a 435.81% increase in financial expenses, mainly due to rising deposit interest[6]

Financial Performance - In 2021, the company achieved a total revenue of ¥361,353,944.35, representing a 121.67% increase compared to ¥163,014,838.22 in 2020[21]. - The net profit attributable to shareholders was ¥77,360,250.02, a significant increase of 2,060.83% from ¥3,580,123.88 in the previous year[21]. - The net cash flow from operating activities reached ¥71,074,779.79, up 1,532.81% from ¥4,352,920.40 in 2020[21]. - The company's total assets increased by 13.94% to ¥783,232,000.03 at the end of 2021, compared to ¥687,391,535.64 at the end of 2020[21]. - The basic earnings per share rose to ¥0.268, a 2,133.33% increase from ¥0.012 in 2020[22]. - The weighted average return on equity improved to 11.73%, up 11.15 percentage points from 0.58% in the previous year[22]. - The company reported a net asset attributable to shareholders of ¥698,691,108.15, reflecting a 12.68% increase from ¥620,090,412.42 in 2020[21]. - The comprehensive gross profit margin for the main business was 35.90%, up by 24.97 percentage points year-on-year[27]. - The company achieved a net asset return rate of 11.73%, an increase of 11.15 percentage points year-on-year[27]. - The company reported a significant increase in direct labor costs, rising by 108.46% due to higher employee salaries[47]. - The company’s total sales revenue from direct sales was ¥350,599,413.09, with a gross margin of 35.90%[44]. - The company reported cash received from sales and services of CNY 297,825,002.13, an increase of 162.60% compared to the previous year[53]. - The accounts receivable increased by 214.50% to CNY 33,421,716.57, primarily due to increased sales revenue[54]. - The inventory rose by 51.82% to CNY 82,094,837.50, attributed to increased stock and rising raw material prices[54]. - The company’s total R&D expenditure was ¥4,597,668.14, representing 1.27% of total revenue[50]. - The company reported a total of 288,176,273.00 in paid-in capital at the beginning of the year[199]. Operational Efficiency - The company successfully managed to secure raw material supply channels despite procurement difficulties and price increases[27]. - The company implemented several production upgrades, including the renovation of desulfurization towers and the establishment of new production lines, enhancing production efficiency[30]. - The company has a production capacity of 20,000 tons/year of strontium carbonate, 2,000 tons/year of metallic strontium, and 5,000 tons/year of aluminum-strontium alloy, which is considered medium-sized in the industry[34]. - The production of strontium carbonate and related products decreased by 5.96%, while sales volume dropped by 14.66%[45]. - The company produced 18,500 tons of strontium carbonate in 2021, capturing a significant market share domestically[57]. - The company plans to optimize product processes and gradually release production capacity to enhance market competitiveness[57]. - The company is actively expanding its product range and market share by adjusting production structures and marketing strategies in response to market demand[37]. - The company is focused on maintaining stable and high-quality product offerings while advancing technological innovation to meet diverse market demands[61]. Risk Management and Governance - The company has outlined potential risks in its future development strategy, emphasizing the importance of investor awareness regarding investment risks[6]. - The company is committed to improving its governance structure and risk management to ensure independent and compliant operations amid control risks from its major shareholder[79]. - The company has established a robust internal control system, continuously improving its execution and risk process control, which has effectively elevated governance standards[87]. - The company strictly adheres to the Company Law, Securities Law, and relevant regulations, enhancing its governance level through independent operations and risk management[85]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[7]. - The company actively engages with investors through various channels, ensuring timely and accurate responses to investor inquiries, thus maintaining a positive market image[87]. - The company has implemented strict insider information management, ensuring compliance and preventing insider trading incidents during the reporting period[88]. - The company has established connections with various state-owned enterprises, enhancing its operational capabilities[96]. Environmental and Social Responsibility - The company maintained a strong focus on safety and environmental management, with no safety incidents reported during the reporting period[30]. - The company strictly adhered to environmental protection laws and regulations, achieving a 100% comprehensive utilization rate of waste generated[126]. - The company reported that all pollutants were discharged in accordance with national standards, with no administrative penalties received for environmental issues[125]. - The company is committed to environmental protection and sustainable development, increasing investment in environmental governance and upgrading technology[135]. - The company actively participates in social welfare initiatives, donating to local community projects and supporting government efforts in rural development[136]. Shareholder and Management Structure - The company has a cash dividend policy that was not adjusted during the reporting period, and the 2020 profit distribution plan was approved, but no dividends were distributed due to negative retained earnings of -31,616,338.73 CNY at the parent company level[117]. - The total pre-tax compensation for the board members and senior management during the reporting period amounted to 4.1151 million CNY[93]. - The company has appointed a new chairman, Ren Xiaokun, whose term will last from November 8, 2021, to November 7, 2024[93]. - The independent directors, including Fan Zengyu, Qiao Jun, Zhang Xianli, and Chen Ding, each received a pre-tax compensation of 30,000 CNY during the reporting period[93]. - The company has a focus on maintaining a stable management structure with no significant changes in personnel during the reporting period[96]. - The management team has extensive experience in various sectors, including finance, law, and energy, with key members having held significant positions in other companies[95]. - The company has not reported any changes in shareholding for the directors and supervisors during the reporting period[93]. - The company has not faced any major changes in competitive conditions that would affect its operations or independence from its controlling shareholder[90]. Future Outlook - The company plans to invest 2,548.50 million RMB in technical transformation projects in 2022[80]. - For 2022, the company plans to produce 17,850 tons of strontium carbonate and achieve sales revenue of 32,911.51 million RMB from its main products[80]. - The company aims to enhance product quality and reduce production costs through increased investment in technology research and development[79]. - The company will continue to monitor industry trends and adjust production strategies to enhance market competitiveness[81]. - The company is conducting feasibility studies on utilizing strontium slag to produce strontium chloride, aiming to further reduce solid waste emissions[132].

Financial Performance - In 2021, the company achieved a net profit of ¥77,360,250.02, a significant increase of 2,060.83% compared to the previous year's net profit of ¥3,580,123.88[5]. - The company's operating revenue for 2021 was ¥361,353,944.35, representing a 121.67% increase from ¥163,014,838.22 in 2020[21]. - The net cash flow from operating activities reached ¥71,074,779.79, up 1,532.81% from ¥4,352,920.40 in the previous year[21]. - The total assets of the company at the end of 2021 were ¥783,232,000.03, reflecting a 13.94% increase from ¥687,391,535.64 at the end of 2020[21]. - The company's net assets attributable to shareholders increased by 12.68% to ¥698,691,108.15 from ¥620,090,412.42 in 2020[21]. - Basic earnings per share for 2021 were ¥0.268, a substantial increase of 2,133.33% compared to ¥0.012 in 2020[22]. - The weighted average return on equity rose to 11.73% in 2021, up from 0.58% in 2020, marking an increase of 11.15 percentage points[22]. - The company reported a net profit attributable to shareholders of ¥77.36 million, marking the best performance in recent years[27]. - The total operating revenue for 2021 reached ¥361,353,944.35, a significant increase from ¥163,014,838.22 in 2020, representing a growth of approximately 121.5%[187]. - The total profit for 2021 was ¥91,039,302.35, compared to ¥4,452,919.60 in 2020, showing an increase of approximately 1,943.5%[188]. Revenue and Sales - The comprehensive gross profit margin for the main business was 35.90%, up by 24.97 percentage points year-on-year[27]. - The sales price of strontium carbonate increased significantly, with a year-on-year increase of 109.60%[28]. - The sales revenue from direct sales channels amounted to CNY 35,059.94 million, marking a significant increase compared to the previous year[72]. - Strontium carbonate products achieved revenue of ¥186,646,999.55, with a gross margin of 41.21%, up by 23.18 percentage points compared to the previous year[44]. - Metal strontium products reported revenue of ¥72,401,466.20, with a gross margin of 48.50%, an increase of 47.52 percentage points year-over-year[44]. Production and Capacity - The company has a production capacity of 20,000 tons/year of strontium carbonate, 2,000 tons/year of metallic strontium, and 5,000 tons/year of aluminum-strontium alloy, which is considered medium-sized in the industry[34]. - The company produced 18,500 tons of strontium carbonate in 2021, capturing a significant share of the domestic market[57]. - The company achieved a total annual emission of 0.72 tons for SO2, with an actual emission concentration of 24.1 mg/m³, which is below the limit of 400 mg/m³[127]. - The company has entered the trial production phase for its newly developed high-purity strontium carbonate project[61]. Costs and Expenses - The cost of sales rose by 59.19% to ¥229.04 million, influenced by higher raw material prices[41]. - The company’s R&D expenses decreased by 19.93% to ¥4.60 million, indicating a focus on cost management[42]. - Sales expenses increased by 176.99% to ¥1,983,144.16, primarily due to higher employee compensation[49]. - Management expenses rose by 52.85% to ¥33,594,361.16, driven by increased employee salaries and maintenance costs[49]. Cash Flow and Investments - The cash received from sales and services increased to ¥297,825,002.13, a 162.60% increase compared to ¥113,412,523.79 in the previous year[53]. - The cash paid for purchasing goods and services rose to ¥169,518,296.87, reflecting a 136.58% increase from ¥71,654,993.58 due to rising raw material prices[53]. - The company reported a net increase in cash and cash equivalents of ¥74,661,031.64 for 2021, compared to ¥99,864,806.41 in 2020, indicating a decrease in cash generation[193]. - The company utilized no more than 500 million RMB of its own funds for entrusted financial management to enhance capital efficiency[173]. Governance and Management - The company is committed to improving its governance structure and risk management to ensure independent and compliant operations[84]. - The company has established a clear governance structure with distinct responsibilities for the "three meetings and one layer," ensuring effective operation and decision-making[85]. - The company has improved its internal control system, enhancing risk process control and governance levels through self-evaluation and internal audits[86]. - The company has maintained a strong investor relations management strategy, utilizing multiple communication channels to ensure timely and accurate responses to investor inquiries[86]. - The company has appointed independent directors with diverse backgrounds, including legal and financial expertise, to enhance governance[94]. Environmental Responsibility - The company has strictly adhered to environmental regulations, with all pollutants discharged in compliance with national standards, and no administrative penalties received[124]. - The company achieved a 100% comprehensive utilization rate of waste, with 2.35 million tons of strontium slag produced in 2021 used in brick and cement industries[125]. - The company implemented a project to replace coal with natural gas, which is expected to reduce CO2 emissions by 20%-30%[132]. - The company has established an emergency response plan for environmental incidents, which has been updated and filed with local environmental authorities[128]. Risks and Challenges - The company has disclosed potential risks in its management discussion and analysis section, advising investors to be cautious[8]. - The domestic strontium salt industry is facing challenges such as raw material price increases and supply shortages, which may impact future performance[80]. - The company faces risks related to raw material supply, particularly for celestite, which is crucial for production cost[81]. Shareholder Information - The controlling shareholder, Qingtou Company, has pledged 120,408,813 shares, accounting for 98.32% of its holdings and 41.78% of the company's total shares[142]. - The largest shareholder, Qinghai Investment Group Co., Ltd., holds 122,467,041 shares, accounting for 42.50% of the total share capital, with 98.32% of its shares pledged[162]. - The total number of ordinary shareholders at the end of the reporting period was 16,246, down from 20,197 at the end of the previous month[152].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 101,286,845.30, representing a 98.90% increase compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was CNY 30,368,707.57, showing a significant increase of 3,778.70% year-on-year[3]. - The basic earnings per share for Q3 2021 was CNY 0.105, reflecting a year-on-year increase of 3,778.70%[3]. - The net profit for Q3 2021 was CNY 51,251,785.18, a significant increase compared to CNY 370,329.16 in Q3 2020, representing a growth of approximately 13,800%[15]. - Basic and diluted earnings per share for Q3 2021 were CNY 0.178, compared to CNY 0.001 in Q3 2020, indicating a strong improvement in profitability per share[15]. - The company experienced a total comprehensive income of CNY 51,251,785.18 for Q3 2021, compared to CNY 370,329.16 in Q3 2020, highlighting a robust performance[15]. Revenue and Costs - The company experienced a 114.00% increase in operating revenue primarily due to rising sales prices of its main products[6]. - Total operating revenue for the first three quarters of 2021 reached ¥241,669,525.37, a significant increase from ¥112,927,846.71 in the same period of 2020, representing a growth of approximately 114.3%[14]. - Total operating costs for the first three quarters of 2021 were ¥180,498,712.95, compared to ¥122,896,206.06 in 2020, indicating an increase of about 46.7%[14]. - Total revenue from sales of goods and services for the first nine months of 2021 reached CNY 185,846,997.35, up from CNY 69,819,319.85 in the previous year, marking an increase of approximately 167%[17]. Assets and Liabilities - The total assets at the end of Q3 2021 reached CNY 754,557,259.19, which is a 9.77% increase from the end of the previous year[4]. - Total assets as of September 30, 2021, amounted to ¥754,557,259.19, up from ¥687,391,535.64 at the end of 2020, reflecting an increase of approximately 9.8%[13]. - Total current assets reached ¥553,593,543.78 as of September 30, 2021, compared to ¥476,807,088.74 at the end of 2020, marking an increase of about 16.1%[12]. - Total non-current assets were ¥200,963,715.41 as of September 30, 2021, down from ¥210,584,446.90 at the end of 2020, indicating a decrease of approximately 4.3%[12]. - Total liabilities as of September 30, 2021, were ¥81,640,092.42, compared to ¥67,301,123.22 at the end of 2020, representing an increase of about 21.4%[13]. - The company's equity attributable to shareholders increased to ¥672,917,166.77 as of September 30, 2021, from ¥620,090,412.42 at the end of 2020, reflecting a growth of approximately 8.5%[13]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 52,688,516.97, an increase of 27,261.97% year-on-year[3]. - The operating cash flow for the first nine months of 2021 was CNY 52,688,516.97, compared to CNY 192,561.09 in the same period of 2020, indicating a substantial improvement in cash generation[17]. - The total cash inflow from operating activities for the first nine months of 2021 was CNY 203,098,121.87, significantly higher than CNY 75,791,750.26 in the same period of 2020[17]. - The company reported a net cash flow from investment activities of CNY -335,067,402.65 for the first nine months of 2021, indicating a strategic focus on growth through investments despite the cash outflow[18]. - The cash and cash equivalents at the end of Q3 2021 stood at CNY 81,117,285.51, a significant increase from CNY 19,935,130.65 at the end of Q3 2020[18]. Shareholder Information - The company reported a total of 16,838 common shareholders at the end of the reporting period[8]. - The largest shareholder, Qinghai Investment Group Co., Ltd., holds 42.50% of the shares, totaling 122,467,041 shares, which are currently frozen[8]. Research and Development - Research and development expenses for the first three quarters of 2021 were ¥3,345,686.08, a decrease from ¥4,083,168.74 in the same period of 2020, indicating a reduction of about 18.1%[14]. Credit Risk - The company reported a net credit impairment loss of ¥6,005,178.31 for the first three quarters of 2021, compared to a loss of ¥55,429.92 in the same period of 2020, highlighting a significant increase in credit risk[14].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥140,382,680.07, representing a 126.41% increase compared to ¥62,003,652.72 in the same period last year[17]. - The net profit attributable to shareholders was ¥20,883,077.61, a significant recovery from a loss of ¥412,631.82 in the previous year[17]. - The net cash flow from operating activities was ¥16,745,225.32, improving from a negative cash flow of ¥9,311,261.02 in the same period last year[17]. - The total profit amounted to CNY 24.95 million, with a net profit attributable to shareholders of CNY 20.88 million[32]. - The company reported a net loss of CNY 34,721,537.87, compared to a loss of CNY 31,616,338.73 in the previous period, indicating a worsening of approximately 6.7%[85]. - Earnings per share (EPS) for the first half of 2021 was ¥0.072, compared to a loss per share of ¥0.001 in the first half of 2020[88]. - The company reported a total profit of ¥24,950,722.56 for the first half of 2021, compared to a loss of ¥16,416.41 in the same period of 2020[88]. Asset and Liability Management - The company's total assets increased by 3.79% to ¥713,466,045.70 compared to the end of the previous year[17]. - The company reported total current assets of ¥509,533,788.93 as of June 30, 2021, compared to ¥476,807,088.74 at the end of 2020[81]. - Current liabilities totaled CNY 56,399,411.16, slightly up from CNY 55,832,423.09, indicating a 1.0% increase[83]. - Non-current liabilities rose to CNY 14,767,377.64, compared to CNY 11,468,700.13, reflecting a significant increase of 28.9%[83]. - The company reported a total of ¥332,952,912.33 in trading financial assets, marking a significant investment in financial products[37]. Production and Sales - The company’s main product, strontium carbonate, saw a significant price increase due to tight supply and strong downstream demand[21]. - The subsidiary, Qinglong Strontium Salt, has an annual production capacity of 20,000 tons of strontium carbonate, 2,000 tons of metallic strontium, and 5,000 tons of aluminum-strontium alloy[21]. - In the first half of 2021, the sales revenue from strontium salt business reached CNY 131.62 million, a year-on-year increase of 114.90%[31]. - Strontium carbonate production increased to 10,388 tons, a 10.73% rise compared to 9,381 tons in the same period last year[30]. - The sales volume of strontium carbonate surged by 33.74% to 8,455 tons from 6,322 tons year-on-year[30]. Research and Development - The company has established a research and development center for strontium salt, holding a total of 64 patents, including 6 invention patents[27]. - Research and development expenses decreased to ¥2,291,013.27 from ¥3,339,892.75 in the first half of 2020, a reduction of approximately 31.4%[87]. Environmental Compliance - The company reported that all pollutants were discharged in accordance with national standards, with no administrative penalties received during the reporting period[49]. - The actual SO2 emission concentration from the rotary kiln was 54.3 mg/m³, below the limit of 100 mg/m³, with an annual total emission of 15.12 tons[50]. - The company has implemented a closed-loop water circulation system for cooling water, with no external discharge of wastewater[50]. - The company’s environmental practices align with the standards set by the environmental protection department, ensuring compliance and sustainability[49]. Shareholder and Corporate Governance - The controlling shareholder, Qingtou Group, has 122,467,041 shares (42.50% of total shares) frozen due to debt risks[65]. - The company has committed to avoiding future competition with Qinglong Strontium Salt and will not engage in similar business activities[62]. - There are no significant lawsuits or arbitration matters during the reporting period[64]. - The company maintains a good integrity status, with no unfulfilled court judgments or significant overdue debts[64]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the going concern assumption, indicating no significant issues affecting the company's ability to continue operations for at least 12 months from the reporting date[116]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements reflect a true and complete picture of its financial status and operating results[117]. - The company has not reported any changes in the scope of consolidation for its financial statements, which includes its wholly-owned subsidiary Chongqing Qinglong Fine Strontium Salt Chemical Co., Ltd.[114]. Risk Management - The company faces risks related to raw material prices, particularly for Tianqing stone, which significantly impacts production costs[40]. - The company is under increased regulatory scrutiny regarding safety and environmental standards, which may raise production costs and affect profitability[41]. - The company is monitoring the restructuring of its controlling shareholder, Qingtou Group, which may lead to changes in control and associated risks[40].

Group 1: Event Details - The event is scheduled for May 21, 2021, from 15:00 to 17:00 [1][3] - The format of the event will be a combination of video presentation and text live broadcast on the P5W platform [3] Group 2: Purpose and Participation - The event aims to enhance investor relations and facilitate communication regarding the 2020 annual report, industry status, development strategy, and financial conditions [2] - Key company representatives attending include the General Manager, Secretary of the Board, and the Financial Director [3] Group 3: Investor Participation - Investors can participate by logging into the P5W "Investor Relations Interactive Platform" [4] - The company encourages active participation from investors [5]

Financial Performance - The company's operating revenue for Q1 2021 was CNY 51,932,484.37, representing a 76.21% increase compared to CNY 29,472,323.84 in the same period last year[6]. - The net profit attributable to shareholders for Q1 2021 was CNY 2,839,146.84, a significant recovery from a loss of CNY 2,943,141.43 in the previous year[6]. - The company's operating profit for Q1 2021 was 3,936,079.29 CNY, compared to a loss of 2,871,574.77 CNY in Q1 2020, indicating a significant improvement[25]. - The total comprehensive income for Q1 2021 was 2,839,146.84 CNY, compared to a loss of 2,943,141.43 CNY in Q1 2020, reflecting a positive shift in financial performance[25]. - The company reported a basic and diluted earnings per share of 0.01 CNY for Q1 2021, compared to a loss per share of 0.01 CNY in Q1 2020[25]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY -5,843,608.09, compared to CNY -5,678,789.75 in the same period last year, indicating a slight deterioration[6]. - The company's cash and cash equivalents decreased by 92.94% to CNY 25,654,861.09 from CNY 363,496,171.19 due to investments in financial products[10]. - Cash received from operating activities totaled 213,269.86 RMB, down 10.2% from 237,589.95 RMB in the same period last year[31]. - The total cash and cash equivalents at the end of Q1 2021 were 9,539,431.43 RMB, a significant increase from 2,378,821.85 RMB at the end of Q1 2020[32]. - The net increase in cash and cash equivalents for the quarter was -333,423,381.99 RMB, compared to -242,238,306.42 RMB in the same quarter last year, indicating a worsening cash position[32]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 686,329,493.61, a decrease of 0.15% from CNY 687,391,535.64 at the end of the previous year[6]. - Total liabilities as of March 31, 2021, were CNY 27,542,065.49, down from CNY 29,512,280.93 at the end of 2020[22]. - The company's retained earnings showed a loss of CNY 32,544,814.35 as of March 31, 2021, compared to a loss of CNY 31,616,338.73 at the end of 2020[22]. Shareholder Information - The total number of shareholders at the end of the reporting period was 21,271[9]. - The largest shareholder, Qinghai Investment Group Co., Ltd., held 42.50% of the shares, with 122,467,041 shares frozen[9]. Government Subsidies and Investments - The company received government subsidies amounting to CNY 98,885.98 during the reporting period, which positively impacted the financial results[6]. - The company received CNY 1,960,000 in government subsidies for its digital workshop initiative, enhancing its financial position[12]. - The company reported a significant increase in investment income of CNY 1,381,479.45, primarily from financial product returns[11]. Operational Efficiency and Future Outlook - The company expects a substantial increase in cumulative net profit for the year compared to the previous year due to rising product demand and sales prices[13]. - The company plans to continue focusing on cost management and operational efficiency to improve profitability in the upcoming quarters[24]. - The company plans to continue expanding its digital capabilities and investing in technology upgrades to support future growth[12]. Cost and Expense Management - The company's gross profit margin improved, with operating costs rising by 69.52% to CNY 41,680,147.39, reflecting increased sales volume[10]. - Research and development expenses decreased by 38.69% to CNY 1,221,199.82, as some projects were not implemented during the period[10]. - The company incurred management expenses of 2,483,923.85 CNY in Q1 2021, an increase from 2,269,764.85 CNY in Q1 2020[26].

Financial Performance - In 2020, the company achieved a net profit of CNY 3,580,123.88, compared to a net loss of CNY 9,422,843.51 in 2019, marking a significant turnaround[5]. - The company's operating revenue for 2020 was CNY 163,014,838.22, a decrease of 2.21% from CNY 166,701,986.75 in 2019[19]. - The net cash flow from operating activities was CNY 4,352,920.40, down 84.93% from CNY 28,890,048.78 in 2019[19]. - Basic earnings per share for 2020 were CNY 0.012, recovering from a loss of CNY 0.03 in 2019[20]. - The weighted average return on equity for 2020 was 0.58%, up from -1.52% in 2019[20]. - The company reported a significant improvement in net profit in the fourth quarter, reaching CNY 3,209,794.72, compared to a loss in the first quarter[22]. - The company reported a total non-recurring gains and losses of RMB 3,190,851.31 in 2020, compared to RMB 1,493,283.02 in 2019, indicating a significant increase[23]. - The company reported a net profit attributable to shareholders of 3.58 million yuan, marking a turnaround from a loss in the previous year[34]. - The company reported a net loss of CNY 31,616,338.73 in 2020, an improvement from a loss of CNY 32,511,370.86 in 2019[169]. Assets and Liabilities - The total assets at the end of 2020 were CNY 687,391,535.64, reflecting a 1.95% increase from CNY 674,251,448.98 at the end of 2019[19]. - The company's net assets attributable to shareholders at the end of 2020 were CNY 620,090,412.42, a slight increase of 0.72% from CNY 615,682,965.28 in 2019[19]. - Total liabilities increased to CNY 67,301,123.22 from CNY 58,568,483.70, reflecting a growth of around 14.81%[165]. - Current liabilities rose to CNY 55,832,423.09 in 2020, compared to CNY 46,923,163.61 in 2019, marking an increase of approximately 19.99%[165]. - The total equity attributable to the parent company at the end of the period was CNY 615,682,965.28[186]. Revenue and Sales - In 2020, the company's strontium salt business achieved operating revenue of 160.85 million yuan, a year-on-year increase of 31.07%[34]. - The actual production of strontium carbonate was 19,176 tons, exceeding the planned target by 4.77% and showing a year-on-year increase of 12.35%[35]. - The sales volume of strontium carbonate reached 16,988 tons, achieving a completion rate of 147.85% compared to the plan, with a year-on-year increase of 31.83%[35]. - The company's operating income decreased by 2.21% year-on-year to 163.01 million yuan[42]. - The gross profit margin in the chemical industry decreased by 6.58 percentage points to 10.93%[42]. Research and Development - The company has a total of 57 patents, including 5 invention patents, enhancing its competitive edge in strontium salt production technology[30]. - Research and development expenses amounted to 5,742,316.31 RMB, representing 3.52% of total operating revenue[50]. - The company is focused on continuous technological upgrades and production process optimization to enhance product quality and market competitiveness[29]. - The company has implemented a digital workshop for the production of metal strontium and intermediate alloys, showcasing advancements in production technology[62]. Environmental and Safety Management - The company has committed to enhancing safety and environmental management to mitigate production cost increases[84]. - The company has implemented strict environmental management practices, ensuring all pollutants were discharged according to national standards without incurring penalties from environmental authorities[106]. - The company has established an emergency response plan for environmental incidents to ensure safety and control risks[110]. - The company has conducted environmental monitoring through third-party agencies, with all results meeting compliance standards[110]. Corporate Governance - The company’s governance structure is robust, with a low debt-to-asset ratio and ample cash flow, providing a solid foundation for sustainable development[31]. - The company maintains a governance structure that ensures independence from its controlling shareholder, adhering to legal and regulatory requirements[138]. - The company’s board of directors evaluated the performance of senior management based on the completion of annual business objectives and proposed compensation plans accordingly[147]. - The company’s audit committee effectively supervised the external audit and guided the internal audit department to enhance internal controls[144]. Market and Competition - The company has identified key competitors in the strontium salt industry, with production capacities ranging from 20,000 to 50,000 tons per year for major players[79]. - The company is actively expanding its market presence through online platforms and maintaining customer relationships via various communication methods[59]. - The company employs an "order-based production" model, allowing for dynamic adjustments based on customer demand and market changes[58]. Shareholder Information - The controlling shareholder, Qingtou Group, entered a restructuring process due to debt risks, which may lead to changes in control and poses significant uncertainty for the company[84]. - The cash dividend policy remained unchanged during the reporting period, ensuring the protection of minority shareholders' rights[85]. - The company did not distribute profits for the year 2020, with a reported undistributed profit of -32,511,370.86 RMB for the parent company and -1,563,255.12 RMB for the consolidated statements[85]. Employee and Management - The total number of employees with a graduate degree or above is only 2, highlighting a workforce primarily composed of individuals with lower educational qualifications[133]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounted to 203.51 million RMB[126]. - The company employed a total of 328 staff, with 216 in production, 6 in sales, 49 in technology, 10 in finance, and 47 in administration[133].

Financial Performance - Net profit attributable to shareholders was CNY 370,329.16, representing a decline of 71.99% year-on-year[8]. - Operating revenue for the period was CNY 112,927,846.71, down 9.50% from the same period last year[8]. - The basic earnings per share were CNY 0.001, down 80.00% from CNY 0.005 in the previous year[8]. - The company reported a net loss of CNY 32,511,370.86 for the third quarter of 2020, reflecting a decrease in retained earnings[46]. - Net profit for Q3 2020 was CNY 782,960.98, a significant recovery from a net loss of CNY 513,839.55 in Q3 2019[27]. - Net profit for the first three quarters of 2020 reached 784,848.35, up 29.4% from 606,408.56 in the same period of 2019[31]. Cash Flow - The net cash flow from operating activities was CNY 192,561.09, a significant decrease of 99.52% compared to the previous year[8]. - The net cash flow from operating activities decreased by 99.52% to ¥192,561.09 compared to ¥40,419,695.89 in the same period last year, primarily due to a decrease in operating revenue[13]. - Cash inflow from operating activities totaled 75,791,750.26 in Q3 2020, down from 133,820,792.54 in Q3 2019[32]. - The total cash outflow from operating activities was 75,599,189.17 in Q3 2020, compared to 93,401,096.65 in Q3 2019[32]. - The net cash flow from operating activities was -12,000,006.04 RMB in Q3 2020, a decline from a positive cash flow of 12,996,508.79 RMB in Q3 2019[36]. - The cash inflow from operating activities totaled 398,116.53 RMB in the first nine months of 2020, a sharp decrease from 21,123,016.31 RMB in the same period of 2019[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 671,933,200.74, a decrease of 0.34% compared to the end of the previous year[8]. - Current assets totaled CNY 458,052,263.73, a marginal decrease from CNY 460,526,537.05 at the end of 2019[19]. - The total liabilities decreased to CNY 55,637,363.78 from CNY 58,568,483.70 in the previous year[21]. - The company's total equity increased to CNY 583,281,678.62 from CNY 582,496,830.27 at the end of 2019[25]. - The company’s total current liabilities were CNY 20,844,579.49, with total non-current liabilities at CNY 10,357,200.00, summing up to total liabilities of CNY 31,201,779.49[45]. - The company’s total liabilities as of Q3 2020 were 46,923,163.61 RMB, indicating a stable liability position[39]. Research and Development - Research and development expenses increased by 42.05% to CNY 4,083,168.74 due to increased investment in R&D projects[12]. - Research and development expenses for Q3 2020 were CNY 743,275.99, a decrease from CNY 1,829,034.20 in Q3 2019[26]. Investment Activities - The net cash flow from investing activities was -¥243,464,798.08, a significant increase in outflow compared to -¥178,518,661.30 in the previous year, mainly due to reduced recovery of investments in financial products[13]. - The company’s cash inflow from investment activities in Q3 2020 was 55,027,035.62 RMB, significantly lower than 330,000,000.00 RMB in Q3 2019[36]. - The cash outflow for investment activities in the first nine months of 2020 was 284,000,000.00 RMB, compared to 490,000,000.00 RMB in the same period of 2019, showing a reduction in investment spending[33]. Shareholder Information - The company reported a total of 14,708 shareholders at the end of the reporting period[10]. - The company’s total equity attributable to shareholders is CNY 582,496,830.27[46]. Accounting Policies - The company has undergone a change in accounting policy effective January 1, 2020, which is not expected to have a significant impact on its financial position or results[14]. - The company executed the new revenue recognition standard starting January 1, 2020, adjusting contract liabilities by CNY 776,458.41[41].