资、开源证券、光大证券、广发证券等单位。 证券代码：600731 证券简称：湖南海利 公告编号：2022-054 湖南海利化工股份有限公司 关于接待机构投资者调研情况的公告 | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------|-------| | | | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带 | | | 责任。 | | 湖南海利化工股份有限公司（以下简称"公司"）于近日通过电话及现场交 流形式接待了机构投资者调研，现将调研具体情况公告如下： 一、调研基本情况 调研时间：2022年8月 调研方式：电话及现场交流 | --- | |----------------------------------------------------------------------| | | ...

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,413,473,060.16, representing a 17.11% increase compared to ¥1,206,955,262.51 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥185,067,625.37, a 35.20% increase from ¥136,887,674.26 in the previous year[21]. - Basic earnings per share for the first half of 2022 were ¥0.40076, up 35.20% from ¥0.29643 in the same period last year[24]. - The company achieved a total operating revenue of CNY 1.413 billion and a net profit attributable to the parent company of CNY 185 million in the first half of 2022[42]. - Net profit for the first half of 2022 was ¥191,365,402.85, representing a 37.0% increase from ¥139,666,780.52 in the first half of 2021[178]. - The company reported a significant increase in other income, which rose to ¥2,476,871.83 from ¥638,314.70, marking a growth of 287.5%[176]. Assets and Liabilities - The total assets of the company as of June 30, 2022, were ¥3,752,599,394.49, reflecting a 15.64% increase from ¥3,245,037,226.62 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased to ¥1,887,732,114.37, a 10.44% increase from ¥1,709,241,890.85 at the end of the previous year[23]. - The total liabilities as of the reporting date were ¥1,458,778,958.13, compared to ¥1,050,241,703.41 at the end of the previous period, indicating a rise of 38.9%[173]. - The company's total liabilities reached CNY 1,734,722,028.87, compared to CNY 1,360,575,418.80 at the beginning of the period, reflecting a growth of approximately 27.5%[168]. Cash Flow - The company reported a net cash flow from operating activities of -¥42,093,127.42, a decline from a positive cash flow of ¥3,713,441.48 in the previous year[47]. - Cash flow from financing activities generated a net inflow of CNY 208,126,187.18, compared to CNY 86,642,253.72 in the first half of 2021, reflecting a substantial increase[190]. - The cash outflow from operating activities was CNY 1,160,177,401.63, resulting in a net cash flow from operating activities of CNY -42,093,127.42, a decline from CNY 3,713,441.48 in the first half of 2021[188]. Research and Development - The company is actively involved in 22 various R&D projects, including 13 at the municipal level or above, demonstrating its commitment to innovation[45]. - Research and development expenses increased significantly by 80.84% to ¥66,791,116.04 from ¥36,933,974.34, indicating a strong commitment to innovation[47]. - The company acquired 100% equity of Hunan Chemical Research Institute, enhancing its research and development capabilities and achieving integration of production and research[36]. Market Position and Competition - The company achieved a sales ranking of 39th in the national pesticide industry for 2022, improving from the previous year, with sales growth exceeding 16% compared to 2021[33]. - The company is recognized as one of the top ten domestic producers of manganese lithium cathode materials, with a strong market presence and influence in production capacity, product quality, and cost efficiency[33]. - The company is exposed to market competition risks due to a large number of domestic pesticide manufacturers and increasing international competition[64]. Environmental Compliance - The company has implemented measures to ensure compliance with environmental regulations, which is critical for sustainable operations in the pesticide industry[62]. - The company has established an ISO14001 environmental management system and has obtained environmental pollution liability insurance for 2021[117]. - The company has implemented a systematic monitoring approach for its main pollutants as required by local environmental management authorities[95]. Risk Management - The company has established a risk management framework to address credit, liquidity, and market risks associated with its financial instruments[72]. - The company faces risks from potential changes in environmental protection policies, which could increase operational costs and regulatory compliance burdens[62]. - The company is actively addressing challenges posed by stricter environmental policies and supply chain constraints, demonstrating resilience in a competitive market[33]. Community Engagement - The company is actively involved in rural revitalization efforts, including the establishment of an organic fertilizer plant to increase income for local farmers[126]. - The company has improved public infrastructure in Anan Village, benefiting the local community significantly since 2020[126]. - The company has engaged in talent training programs to support local agricultural development and employment opportunities[126].

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of RMB 268,402,640.46, with an undistributed profit at the end of the year amounting to RMB 540,596,397.88[5]. - The company's operating revenue for 2021 was CNY 2,702,324,118, representing a 23.79% increase compared to CNY 2,183,017,101 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 268,402,640, a decrease of 9.44% from CNY 296,395,378 in 2020[23]. - The cash flow from operating activities for 2021 was CNY 121,943,073, down 72.18% from CNY 438,354,074 in 2020[23]. - Basic earnings per share for 2021 were CNY 0.6431, a decline of 22.93% from CNY 0.8344 in 2020[24]. - The weighted average return on equity for 2021 was 16.30%, down 6.17 percentage points from 22.47% in 2020[26]. - The total assets at the end of 2021 were CNY 3,245,037,226.62, a slight increase of 1.63% from CNY 3,193,068,140.29 at the end of 2020[23]. - The company reported a significant decrease in cash flow from financing activities, totaling -¥439,815,164.95[67]. - The company's cash and cash equivalents decreased by 44.02% to ¥471,212,914.31, primarily due to reduced bank loans and increased material procurement payments[69]. - The company reported a total revenue of 23.4 billion with a net profit margin of approximately 3.9%[147]. Risk Management - The company faces various risks including policy, market, operational, and financial risks, which are discussed in detail in the management analysis section[9]. - The company has a comprehensive risk management strategy in place to address potential uncertainties in future operations[9]. - The company is exposed to market competition risks due to the fragmented nature of the pesticide industry and the entry of new domestic and international competitors[115]. - The company faces risks from potential changes in environmental protection policies that could lead to increased operational costs and production limitations[112]. - Raw material supply and price volatility pose significant risks to the company's production costs and gross margins, particularly due to seasonal procurement challenges and increasing demand as production scales up[118]. - The company has established a risk management framework to address various financial risks, including credit, liquidity, and market risks, ensuring regular assessments and updates to its policies[123]. Strategic Initiatives - The board proposed not to distribute profits for 2021 and not to increase capital from the capital reserve, aiming to enhance competitiveness and fund key projects in 2022[5]. - The company is focusing on significant projects in Ningxia and Guixi, which will require substantial capital investment to achieve strategic goals[5]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]. - The company aims to enhance competitiveness through a strategy focused on "industrial scale, product diversification, green production, international operations, precise services, and scientific management"[106]. - The company is actively involved in mergers and acquisitions within the agricultural chemical sector, consolidating industry resources[79]. - The company plans to achieve an annual production capacity of 4,000 tons of methamidophos and 5,000 tons of methyl thiophanate at its Ningxia base upon completion[37]. Research and Development - R&D investment accounted for 3.79% of total revenue, with 25 new patent applications and 12 patents granted during the reporting period[36]. - The company has established a strong R&D capability, achieving significant breakthroughs in continuous process technology for several products[36]. - The company is focusing on green product innovation and has over 100 new pesticide compounds under research, with several projects recognized as key national research initiatives[88]. - The company is investing in R&D, allocating 5% of its revenue towards developing new technologies and products[152]. Corporate Governance - The company conducted a governance self-inspection in 2021, addressing issues related to fund occupation by related parties[133]. - The board of directors consists of 9 members, including 3 independent directors, and operated within legal requirements[136]. - The company has not engaged in any related party transactions that would affect its independence[142]. - The company has established a robust internal control management system, continuously optimizing its governance structure and internal control systems based on operational realities, achieving the expected internal control objectives[189]. Environmental Compliance - The company has implemented automatic monitoring for key pollutants, ensuring compliance with environmental standards[198]. - The total COD discharge was 109.698 tons, with a concentration of 74.247 mg/L, below the limit of 135.75 tons/year[198]. - The company processed 5,407.1531 tons of pesticide waste through its own incineration facility[200]. - The company has a total of 1 wastewater discharge outlet, with a pH level of 7, compliant with the standard of 6-9[198]. Market Position - The company ranked 40th among the top 100 pesticide sales in China and 16th in pesticide exports in 2021, with approximately 50% of its products sold internationally[82]. - The company is recognized as a leading enterprise in the domestic carbamate pesticide market, with a high market share[50]. - The company has been awarded multiple national and provincial honors for product quality and innovation, enhancing its brand reputation[52]. Human Resources - The company employed a total of 1,844 staff, with 116 in the parent company and 1,728 in major subsidiaries[172]. - The workforce includes 889 production personnel, 101 sales personnel, 314 technical personnel, 51 financial personnel, and 225 administrative personnel[172]. - The company has established a multi-level compensation incentive policy linking employee salaries to company performance and individual performance[175]. - In 2021, the company organized various training programs, including safety training and modern enterprise management training, to enhance employee skills[176].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 601,107,428.34, representing a year-on-year increase of 20.27%[4] - The net profit attributable to shareholders for the same period was CNY 67,197,288.25, reflecting an increase of 8.40% compared to the previous year[4] - The basic earnings per share (EPS) decreased by 16.61% to CNY 0.1455[5] - Total operating costs for Q1 2022 were CNY 528,140,920.57, an increase of 24.1% compared to CNY 425,537,857.98 in Q1 2021[18] - Net profit for Q1 2022 was CNY 68,147,543.24, representing a 10.9% increase from CNY 61,472,055.25 in Q1 2021[19] - Operating profit for Q1 2022 was CNY 75,624,575.65, slightly up from CNY 75,107,823.19 in the same period last year[18] - The company achieved a total profit of CNY 79,782,011.93 in Q1 2022, compared to CNY 75,416,951.19 in Q1 2021, marking an increase of 4.5%[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 3,469,732,070.07, an increase of 6.92% from the end of the previous year[5] - Current assets totaled CNY 1,861,432,748.32, an increase of 12.9% from CNY 1,648,509,615.65 in the previous year[14] - Cash and cash equivalents increased to CNY 553,040,359.42 from CNY 471,212,914.31, representing a growth of 17.4%[14] - Total liabilities increased to CNY 1,575,892,951.19 from CNY 1,360,575,418.80, marking a rise of 15.8%[16] - The company's short-term borrowings rose significantly to CNY 200,000,000.00 from CNY 65,000,000.00, indicating a 207.7% increase[16] Cash Flow - The company's cash flow from operating activities was negative at CNY -11,378,087.82, indicating a significant cash outflow[4] - Cash flow from operating activities showed a net outflow of CNY 11,378,087.82, an improvement from a net outflow of CNY 31,381,459.08 in Q1 2021[21] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 517,483,069.19, down from CNY 815,995,772.67 at the end of Q1 2021[22] Inventory and Prepayments - The company's prepayments increased by 38.15%, primarily due to higher payments for raw materials[9] - Inventory levels rose by 39.74%, attributed to an increase in product stock[9] - Inventory levels increased to CNY 444,148,534.51 from CNY 317,839,810.44, reflecting a growth of 39.7%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,795[11] Research and Development - Research and development expenses for Q1 2022 were CNY 17,637,463.12, up from CNY 15,226,706.53 in Q1 2021, indicating a focus on innovation[18] Financial Expenses - The company incurred a financial expense of CNY 3,894,191.42 in Q1 2022, which is significantly higher than CNY 2,059,142.57 in Q1 2021[18] Sales Performance - The company reported a total revenue from sales of goods and services of CNY 524,454,203.29 in Q1 2022, compared to CNY 465,116,936.04 in Q1 2021, reflecting a growth of 12.7%[21]

Financial Performance - The company's operating revenue for Q3 2021 was CNY 476,277,745, representing a 39.20% increase compared to CNY 342,155,400 in the same period last year[4] - Net profit attributable to shareholders was CNY 68,157,046, a decrease of 6.76% from CNY 73,098,461 in the previous year[4] - Basic earnings per share for the quarter were CNY 0.1476, down 6.76% from CNY 0.1583 in the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,590,365,282.09, an increase of 16.0% compared to ¥1,370,883,503.91 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥208,435,547.07, a decrease of 4.0% from ¥218,255,266.00 in the same period of 2020[21] - Earnings per share for the first three quarters of 2021 were ¥0.44040, down from ¥0.46364 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,199,651,651.73, an increase of 6.61% from CNY 2,723,211,032.35 at the end of the previous year[5] - Total liabilities as of the end of Q3 2021 amounted to ¥1,435,243,262.95, slightly up from ¥1,416,741,771.87 at the end of Q3 2020[19] - The total non-current assets were approximately ¥1.46 billion, up from ¥1.33 billion year-over-year[17] - The company's equity attributable to shareholders was CNY 1,650,779,229.24, reflecting an 11.87% increase from CNY 1,475,678,087.04 at the end of the previous year[5] - Total equity attributable to shareholders reached ¥1,650,779,229.24, an increase of 11.8% from ¥1,475,678,087.04 in the previous year[19] Cash Flow - Cash flow from operating activities showed a significant decrease of 62.95%, amounting to CNY 101,719,000[5] - The net cash flow from operating activities for the first three quarters of 2021 was ¥101,719,152.73, a decrease of 63.0% compared to ¥274,547,293.22 in the same period of 2020[24] - Total cash inflow from operating activities was ¥1,578,573,598.19, down 2.9% from ¥1,626,801,924.58 year-on-year[24] - Cash outflow from operating activities increased to ¥1,476,854,445.46, up 9.2% from ¥1,352,254,631.36 in the previous year[24] - The ending balance of cash and cash equivalents was ¥749,420,136.48, an increase from ¥642,779,989.03 in the previous year[25] Investments and Acquisitions - The company acquired 100% equity of Hunan Haili Engineering Consulting Design Co., Ltd. and Hunan Safety Production Science Research Co., Ltd. for a total of CNY 12,070,000[6] - The net cash flow from investing activities was -¥74,637,771.05, an improvement from -¥134,700,718.74 in the same period of 2020[25] - Cash inflow from investing activities totaled ¥94,385,207.63, significantly higher than ¥2,203,069.01 in the previous year[25] - Cash outflow from investing activities rose to ¥169,022,978.68, compared to ¥136,903,787.75 in the same period of 2020[25] Market Strategy and Future Plans - The company faced a slight decline in net profit due to increased transportation costs and raw material prices amid the global pandemic[15] - The company has adjusted its market strategy and optimized supply chain management to cope with rising costs[15] - The company plans to increase product sales prices to meet annual targets[15] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[23] Shareholder Information - The total number of common shareholders at the end of the reporting period was 17,913[13] - The largest shareholder, Hunan Haili High-tech Industry Group, holds 108,522,916 shares, accounting for 23.50% of total shares[13] Accounts Receivable and Inventory - The company reported a 50.21% increase in accounts receivable, primarily due to increased sales revenue[10] - Inventory increased by 31.58%, attributed to higher raw material reserves[10] - Accounts receivable increased to ¥228.01 million from ¥151.79 million year-over-year[17] - Inventory rose to ¥294.10 million compared to ¥223.52 million in the previous year[17] - Contract liabilities rose by 97.41%, mainly due to an increase in advance sales payments[11]

证券代码：600731 证券简称：湖南海利 公告编号：2021-034 湖南海利化工股份有限公司 关于参加 2021 年湖南辖区上市公司投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为了进一步增强与广大投资者的互动交流，湖南海利化工股份有限公司（以 下简称"公司"） 将参加由中国证券监督管理委员会湖南监管局主办，湖南省 上市公司协会与深圳市全景网络有限公司协办的"湖南辖区上市公司投资者网上 集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网 上平台，采取网络远程的方式举行，投资者可以登陆"全景·路演天下"网站 （http://rs.p5w.net/）参与公司本次投资者网上集体接待日活动，活动时间为 2021 年 9 月 24 日（星期五）下午 15:00－17:00，公司相关人员将与投资者进行 在线沟通与交流。欢迎广大投资者积极参加！ 特此公告。 湖南海利化工股份有限公司董事会 2021 年 9 月 18 日 ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 1.11 billion, representing an increase of 8.30% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was approximately RMB 135.21 million, a decrease of 4.11% year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 131.47 million, down 6.40% from the previous year[22]. - The net cash flow from operating activities was approximately RMB 18.30 million, a significant decrease of 92.45% compared to the same period last year[22]. - Basic earnings per share for the first half of 2021 were RMB 0.2928, down from RMB 0.30535 in the same period last year[22]. - Diluted earnings per share decreased to 0.29280 yuan, down 4.11% compared to the previous period[23]. - Basic earnings per share after deducting non-recurring gains and losses fell to 0.28470 yuan, a decrease of 6.40%[23]. - Weighted average return on equity decreased by 2.43 percentage points to 8.77%[23]. - The company reported a total of 1,955,229.45 RMB in actual expenses for related transactions in the first half of 2021, compared to an estimated 1,420 million RMB[116]. - The company reported a comprehensive income total of CNY 141,005,603.20 for the current period, indicating strong performance[174]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 3.30 billion, an increase of 9.84% compared to the end of the previous year[22]. - The total assets as of June 30, 2021, were ¥2,259,284,331.50, compared to ¥2,013,130,141.88 at the end of 2020, representing a growth of 12.2%[153]. - Total liabilities reached ¥1,040,727,788.94, up from ¥796,132,054.14, reflecting a year-on-year increase of 30.7%[152]. - The company's equity attributable to shareholders rose to CNY 1,587,547,047.34, up from CNY 1,475,678,087.04, reflecting an increase of about 7.6%[149]. - The total amount of accounts receivable rose to CNY 294,277,536.53 from CNY 151,793,537.59, reflecting an increase of about 94.0%[147]. - Long-term borrowings increased significantly to CNY 471,400,000.00 from CNY 323,600,000.00, representing a growth of about 46.0%[149]. Research and Development - The company’s core competitive advantage lies in its technological expertise, supported by over 60 years of research and development in the chemical industry[33]. - Research and development expenses increased by 6.25% to 33.48 million RMB, indicating a continued focus on new product and technology development[45]. - The company is actively developing new pesticide varieties with lower toxicity and residue, such as Sulfoxaflor and Methyl Pyrimidinyl Phosphate, to maintain its competitive edge[60]. - The company holds a total of 268 valid patents, including 202 invention patents, showcasing its commitment to innovation and technology development[34]. Environmental Responsibility - The company is committed to environmental responsibility as a key pollutant discharge unit, actively monitoring and reporting emissions[86]. - The company has established an ISO 14001 environmental management system and has purchased environmental pollution liability insurance for 2021[101]. - The company has implemented a wastewater online monitoring system, operational since 2021, to monitor COD, ammonia nitrogen, pH, total nitrogen, and total phosphorus[90]. - The company processed 2,737.26 tons of hazardous pesticide waste through its self-built incineration facility[88]. - The company has completed environmental impact assessments for all construction projects, receiving approvals from relevant government departments[91]. Market Position and Strategy - The company aims to enhance its market position through strategic innovations and mergers in response to increasing industry competition and environmental regulations[32]. - The agricultural pesticide industry is experiencing consolidation, with a focus on creating large enterprises that meet environmental standards and possess innovative capabilities[31]. - The company is actively pursuing international market expansion and has initiated various product registration efforts for both domestic and international markets[42]. Shareholder Information - The total number of shares increased to 461,789,508 after the distribution of cash dividends of RMB 0.04 per share and the issuance of 71,044,540 bonus shares[130]. - The largest shareholder, Hunan Haili High-tech Industry Group Co., Ltd., holds 108,522,916 shares, representing 23.50% of total shares[136]. - The company has a diverse shareholder base, including both state-owned and private entities, which may enhance its market stability[136]. Risk Management - The company has established a risk management framework to address credit, liquidity, and market risks associated with its financial instruments[66]. - The company faces risks from environmental policy changes that could increase operational costs and regulatory compliance[55]. - The company faces significant risks from international market dependence, with a large portion of sales coming from exports, which may be impacted by increasing tariffs and non-trade barriers from the US and EU[59]. Corporate Governance - The company appointed a new board secretary, Liu Hongbo, following the resignation of Liu Zhi[79]. - The company has maintained a commitment to transparency and integrity, with no significant debts overdue or unfulfilled court judgments[115]. - The company has not received any penalties or corrective actions related to legal violations during the reporting period[114].

2021 年第一季度报告 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 公司代码：600731 公司简称：湖南海利 湖南海利化工股份有限公司 2021 年第一季度报告 1 / 19 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 3,152,402,607.21 | 2,970,194,278.53 | 6.13 | | | 归属于上市公司 | 1,524,733,524.59 | 1,464,090,237.37 | 4.14 | | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -22,991,364.62 | 132,087,109.91 | ...

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 289,112,689.16, with an undistributed profit at year-end of CNY 357,244,883.04[4] - The company's operating revenue for 2020 was approximately ¥2.03 billion, a decrease of 5.70% compared to ¥2.15 billion in 2019[21] - Net profit attributable to shareholders increased by 186.02% to approximately ¥289.11 million from ¥101.08 million in 2019[21] - The net cash flow from operating activities rose by 129.04% to approximately ¥459.06 million, compared to ¥200.43 million in 2019[21] - Basic earnings per share for 2020 were ¥0.8139, reflecting an increase of 185.98% from ¥0.2846 in 2019[22] - The weighted average return on equity increased to 21.94%, up by 12.91 percentage points from 9.03% in 2019[22] - Total assets at the end of 2020 were approximately ¥2.97 billion, a 23.20% increase from ¥2.41 billion at the end of 2019[21] - The net assets attributable to shareholders increased by 25.02% to approximately ¥1.46 billion from ¥1.17 billion in 2019[21] - The company achieved a total operating revenue of 2,026.28 million yuan and a net profit of 289.11 million yuan for the reporting period[53] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.4 per 10 shares and issue 2 bonus shares for every 10 shares held, along with a capital reserve conversion of 1 share for every 10 shares held, resulting in a total share capital increase to 461,789,508 shares[4] - The total cash dividend to be distributed amounts to CNY 14,208,907.92 (including tax), with 71,044,540 bonus shares and 35,522,270 shares from capital reserve conversion[4] - The cash dividend payout ratio for 2020 is approximately 4.91% of the net profit attributable to shareholders[136] Risk Management - The company has identified risks including policy risk, market risk, operational risk, and financial risk, which are discussed in detail in the report[6] - The company has established a risk management framework to address credit, liquidity, and market risks associated with its financial instruments[122] - The company is actively monitoring and managing its financial risks through regular assessments and audits[123] - The company is facing safety production risks due to the nature of its operations involving hazardous materials and high-pressure processes[119] - The company is exposed to raw material supply and price fluctuation risks, which can significantly impact production costs and gross margins[118] Research and Development - The company is engaged in the development, production, and sales of chemical fertilizers and pesticides, with a focus on research and development of fine chemical products[33] - The company holds a total of 262 valid patents as of December 31, 2020, including 198 invention patents, reflecting its commitment to R&D and innovation[40] - The company has increased its investment in R&D for new products and technologies, particularly in developing alternatives to high-toxicity pesticides[40] - Research and development efforts included 242 projects, with 24 new patents applied for and 24 patents granted during the year[50] - The company is focusing on high-efficiency, low-toxicity, and low-residue pesticide development, aligning with industry trends towards sustainable practices[102] Market Position and Strategy - The company is a leading domestic producer of carbamate pesticides, with a high market share and a complete industrial chain, ensuring raw material supply[42] - The company's main products, including Dimethomorph and Sulfentrazone, maintained a leading global market share, with exports showing growth despite challenging conditions[48] - The company expanded its domestic market presence, successfully entering nearly 800 central and local grain storage facilities, doubling sales year-on-year[48] - The company ranks 30th in the top 100 pesticide sales in China and 15th in pesticide export value[81] - The company is exploring opportunities for market expansion and technological innovation to strengthen its position in the agricultural chemicals market[102] Environmental and Social Responsibility - The company has committed to continuous improvement in its environmental management practices, as evidenced by its monitoring and reporting of pollutant emissions[170] - The company has actively engaged in social responsibility initiatives, focusing on employee health and safety, and has paid all required taxes to promote harmonious development among stakeholders[168] - The company managed to treat 6,829.21 tons of pesticide waste through its self-built incineration facility, ensuring compliance with environmental regulations[172] - Hunan Haili Changde Pesticide Chemical Co., Ltd. is listed as a key pollutant discharge unit for 2020, with a total COD discharge of 135.75 tons/year and ammonia nitrogen discharge of 34.4 tons/year, both within the regulatory limits[170] Corporate Governance - The board of directors and management have confirmed the authenticity and completeness of the annual report, assuming legal responsibility for any misrepresentation[5] - The company has established a robust internal control system to enhance corporate governance and ensure compliance with environmental and safety regulations[168] - The company has committed to avoid any direct or indirect competition with its controlled enterprises, as stated in a commitment letter issued in August 2013[140] - The company has not reported any significant accounting errors or non-standard audit opinions during the reporting period[140] Financial Audit - The audit report issued by Da Hua Certified Public Accountants was a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[5] - The company appointed Dahua Certified Public Accountants (Special General Partnership) for the 2020 financial statement audit, with a remuneration of RMB 580,000[150]

Financial Performance - Net profit attributable to shareholders increased by 162.63% to CNY 204,528,101.42 for the first nine months of the year[7]. - Basic earnings per share rose by 162.68% to CNY 0.5758[8]. - Operating income decreased by 12.60% to CNY 1,347,204,846.15 compared to the same period last year[7]. - Operating revenue for the first three quarters of 2020 reached CNY 685,521,537.84, compared to CNY 839,909,174.18 in the same period of 2019, indicating a decrease of about 18.4%[35]. - Net profit for the third quarter of 2020 was CNY -8,435,204.49, compared to CNY -7,688,912.14 in the same quarter of 2019, indicating a worsening of approximately 9.7%[36]. - The company reported a total profit of CNY -8,435,204.49 for the third quarter of 2020, compared to CNY -7,688,912.14 in the same quarter of 2019, reflecting a decline of approximately 9.7%[36]. - Total comprehensive income for the third quarter of 2020 was CNY 68,370,493.25, compared to CNY 60,803,990.26 in the same period of 2019, representing an increase of approximately 2.6%[33]. - The company reported a total comprehensive income attributable to the parent company of CNY 68,559,511.32 for the third quarter of 2020, compared to CNY 54,989,160.35 in the same period of 2019, an increase of approximately 24.6%[33]. Assets and Liabilities - Total assets increased by 12.95% to CNY 2,723,211,032.35 compared to the end of the previous year[7]. - Current assets rose to CNY 1,553,844,924.10, up from CNY 1,361,470,866.63, indicating an increase of about 14.12%[22]. - Total liabilities amounted to CNY 1,240,141,799.64, compared to CNY 1,138,807,953.48, reflecting an increase of about 8.87%[24]. - Non-current assets totaled CNY 1,169,366,108.25, up from CNY 1,049,466,240.01, representing a growth of about 11.43%[23]. - The company's retained earnings surged to CNY 316,241,241.76 from CNY 111,713,140.34, indicating a significant increase of approximately 183.36%[24]. - The total equity increased to CNY 1,483,069,232.71 from CNY 1,272,129,153.16, reflecting a growth of about 16.58%[24]. Cash Flow - Cash flow from operating activities increased by 185.91% to CNY 273,929,962.23 for the first nine months[7]. - Cash flow from operating activities for the first three quarters of 2020 was CNY 1,534,890,367.06, an increase from CNY 1,469,885,719.20 in the same period of 2019, representing a growth of about 4.4%[38]. - Total cash inflow from operating activities for the first nine months of 2020 was CNY 877,147,427.97, compared to CNY 468,267,701.00 in the same period of 2019, indicating an increase of about 87.3%[42]. - The net cash flow from financing activities for Q3 2020 was CNY 38,881,236.64, compared to a negative cash flow of CNY 42,017,864.65 in Q3 2019, showing a turnaround in financing activities[40]. Shareholder Information - The total number of shareholders reached 19,842 by the end of the reporting period[12]. - The largest shareholder, Hunan Haili High-tech Industry Group Co., Ltd., holds 23.50% of the shares[12]. Operational Highlights - The company is progressing with the Guixi New District production facility, with partial product production expected to commence in Q1 of next year[19]. - The company has received RMB 135,040,000.00 in compensation for the closure of its subsidiary Haili Zhuzhou, with the subsidiary currently in a state of complete shutdown[18]. - The company plans to continue focusing on market expansion and new product development to drive future growth[30]. Expenses - Financial expenses decreased by 39.50% to RMB 10,579,134.64, mainly due to reduced loans and lower interest rates[16]. - Research and development expenses for Q3 2020 were ¥20,936,948.39, slightly up from ¥20,001,886.50 in Q3 2019, showing a 4.67% increase[30]. - Research and development expenses for the first three quarters of 2020 totaled CNY 13,271,976.57, compared to CNY 18,411,174.82 in the same period of 2019, showing a decrease of about 28.0%[35].