股票代码：600746 股票简称：江苏索普 公告编号：临 2023-034 江苏索普化工股份有限公司 2023 年第二季度主要经营数据的公告 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。 江苏索普化工股份有限公司（以下简称"公司"）根据《上海证券交易所上市公司 自律监管指引第 3 号——行业信息披露》之《第十三号——化工》的相关规定，现将 公司 2023 年第二季度的主要经营数据披露如下（均不含税）： 二、主要产品和原材料的价格变动情况 （一）主要产品价格变动情况 （二）主要原料价格变动情况 单位：人民币元/吨 一、本季度主要产品的产量、销量及收入实现情况 主要产品 2023 年 4-6 月 产量（吨） 2023 年 4-6 月 销量（吨） 2023 年 4-6 月 营业收入（万元） 醋酸 185,379.70 165,281.64 42,991.03 醋酸乙酯 40,808.79 43,769.35 24,796.43 硫酸及衍生品 183,970.23 187,777.96 2,928.82 氯碱 107,871. ...

关于公司第九届董事会第十八次会议相关事项之独立意见 江苏索普化工股份有限公司独立董事 范 明 赵伟建 作为江苏索普化工股份有限公司（以下简称"公司"）的独立董事，根据《公 司法》《公司章程》《上海证券交易所上市公司自律监管指引第 1 号—规范运作》 等有关规定，基于独立、认真、谨慎的立场，我们对公司第九届董事会第十八次 会议相关议案及资料认真审阅后，发表如下独立意见： 关于《公司 2023 年上半年募集资金存放与使用情况的专项报告》的独立意 见。 公司 2023 年上半年募集资金存放与实际使用情况符合相关法规要求，不存 在变相改变募集资金用途和损害股东利益的情况，不存在违规使用募集资金的情 形。我们一致同意该议案。 （以下无正文） (本页无正文,为《江苏索普化工股份有限公司独立董事关于公司第九届董事 会第十八次会议相关事项之独立意见》之签字页) 独立董事签字: 吴君民 二〇二三年八月二十一日 ...

股票代码：600746 股票简称：江苏索普 公告编号：临 2023-030 江苏索普化工股份有限公司 第九届董事会第十八次会议决议公告 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。 特此公告。 一、审议通过了《公司<2023 年半年度报告>全文及摘要》； 表决结果：9 票赞成；0 票反对；0 票弃权。该议案通过。 本定期报告详见公司同日于上海证券交易所网站（www.sse.com.cn）及《上 海证券报》披露的江苏索普《2023 年半年度报告》全文及摘要。 公司董事、监事、高级管理人员对公司《2023 年半年度报告》签署了书面确 认意见。 二、审议通过了《公司 2023 年上半年募集资金存放与使用情况的专项报告》； 表决结果：9 票赞成；0 票反对；0 票弃权，该议案通过。公司独立董事发表 了同意该专项报告的独立意见。 详见公司同日于上海证券交易所网站（www.sse.com.cn）及《上海证券报》 披露的《江苏索普 2023 年上半年募集资金存放与使用情况的专项报告》。 江苏索普化工股份有限公司（以下简称"公司"或" ...

股票代码：600746 股票简称：江苏索普 公告编号：临 2023-033 江苏索普化工股份有限公司 关于募集资金使用完毕及注销募集资金专户的公告 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。 一、募集资金基本情况 根据《管理办法》，公司对募集资金实行专户存储，在银行设立募集资金专 户，并连同保荐机构华泰联合证券有限责任公司分别与江苏银行镇江分行、民生 银行南京分行、中国银行镇江丁卯桥支行和交通银行镇江分行签订了《募集资金 专户存储三方监管协议》，明确了各方的权利和义务。三方监管协议与上海证券 交易所三方监管协议范本不存在重大差异，公司在使用募集资金时已经严格遵照 履行。 截止本公告披露之日，公司募集资金专户情况如下： 股票代码：600746 股票简称：江苏索普 公告编号：临 2023-033 | 银行名称 | 银行账号 | 初始存放金额[注1] | 账户状态 | | --- | --- | --- | --- | | 江苏银行镇江分行 | 70010188000367560 | 27,000.00 | 已注销 | | ...

股票代码：600746 股票简称：江苏索普 公告编号：临 2023-019 江苏索普化工股份有限公司 关于召开 2022 年度及 2023 年第一季度 业绩网上说明会的公告 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。 重要内容提示： 江苏索普化工股份有限公司（以下简称"公司"）分别于 2023 年 4 月 8 日及 2023 年 4 月 21 日披露了公司 2022 年年度报告及其摘要以及 2023 年第一季度报告，具体 内容详见上海证券交易所网站 www.sse.com.cn 及公司指定信息披露媒体《上海证券 报》。为使广大投资者更加全面深入地了解公司经营情况，公司定于 2023 年 4 月 28 日召开 2022 年度及 2023 年第一季度业绩网上说明会。现将有关事项公告如下： 一、说明会类型 本次说明会以网络在线互动方式召开，届时公司将就 2022 年度及 2023 年第一 季度公司业绩等相关事项与投资者进行互动交流和沟通，在信息披露允许的范围内 对投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点、 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,324,537,176.92, representing a decrease of 36.10% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of CNY 109,746,220.40, a decline of 126.93% year-over-year[5] - Basic earnings per share were CNY -0.0940, reflecting a decrease of 126.93% compared to the same period last year[9] - The company reported a net profit of -109,746,220.40 CNY for Q1 2023, compared to a net profit of 407,578,365.54 CNY in Q1 2022, indicating a significant decline[20] - Operating revenue from sales of goods and services was 1,273,001,305.86 CNY in Q1 2023, down from 1,896,681,634.05 CNY in Q1 2022, reflecting a decrease of approximately 32.8%[21] - The company recorded a total profit of -130,359,518.60 CNY in Q1 2023, down from 482,979,210.40 CNY in Q1 2022, marking a substantial decrease[20] - The company reported a decrease in tax expenses to -20,613,298.20 CNY in Q1 2023 from 75,400,844.86 CNY in Q1 2022, reflecting a change in tax liabilities[20] - The company's investment income for Q1 2023 was 325,610.28 CNY, down from 1,257,109.62 CNY in Q1 2022, indicating a decline in investment performance[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 206,148,388.52, down 158.22% from the previous year[5] - The company experienced a net cash outflow from operating activities of -206,148,388.52 CNY in Q1 2023, compared to a net inflow of 354,075,789.49 CNY in Q1 2022[21] - Operating cash flow for Q1 2023 was -187,557,305.02 RMB, down from 336,502,411.99 RMB in Q1 2022, reflecting a negative cash flow situation[29] - Total cash inflow from operating activities was 1,184,850,085.98 RMB, compared to 1,665,419,081.87 RMB in the same period last year, showing a decrease of approximately 29%[29] - Cash and cash equivalents at the end of Q1 2023 were 372,412,101.00 RMB, down from 864,540,181.68 RMB at the end of Q1 2022, representing a decline of about 57%[29] - The company reported cash outflows from investing activities of 204,755,714.00 RMB in Q1 2023, significantly lower than 1,472,790,795.42 RMB in Q1 2022[29] - The cash flow from investing activities was -144,328,091.53 RMB, an improvement from -505,704,759.23 RMB in the previous year[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,113,832,074.88, a decrease of 1.35% from the end of the previous year[6] - Total liabilities increased to RMB 741,423,822.20 as of March 31, 2023, compared to RMB 717,928,837.69 at the end of 2022, indicating an increase of about 3.3%[16] - The company's total equity decreased to ¥5,284,987,726.54 as of March 31, 2023, from ¥5,358,664,936.56 at the end of 2022[26] - The company reported a decrease in retained earnings to RMB 1,458,050,670.41 from RMB 1,567,796,890.81, a decline of approximately 7%[16] Operational Metrics - The total operating costs for Q1 2023 were 1,492,761,488.49 CNY, compared to 1,591,678,480.51 CNY in the same period last year, showing a reduction of about 6.2%[21] - Research and development expenses decreased to 57,067,085.84 CNY in Q1 2023 from 65,009,265.55 CNY in Q1 2022, a decline of approximately 12.3%[21] - The gross profit margin for Q1 2023 was negative, with operating costs amounting to ¥1,096,271,501.69, leading to an operating loss of ¥88,555,115.15[26] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[13] - The company did not report any new product launches or technological advancements during the quarter[30] - There were no significant mergers or acquisitions reported in the first quarter of 2023[30] - The company is not applying new accounting standards for the first time in 2023[30]

Financial Performance - The company's operating revenue for 2022 was approximately RMB 7.17 billion, a decrease of 10.39% compared to RMB 8.00 billion in 2021[23]. - The net profit attributable to shareholders for 2022 was approximately RMB 505.14 million, down 78.97% from RMB 2.40 billion in 2021[23]. - The net assets attributable to shareholders at the end of 2022 were approximately RMB 5.48 billion, a decrease of 10.86% from RMB 6.15 billion at the end of 2021[24]. - The total assets at the end of 2022 were approximately RMB 6.20 billion, down 12.65% from RMB 7.10 billion at the end of 2021[24]. - The cash flow from operating activities for 2022 was approximately RMB 757.32 million, a decrease of 67.66% from RMB 2.34 billion in 2021[24]. - The company reported a net profit of RMB 490.03 million after deducting non-recurring gains and losses, a decrease of 79.57% from RMB 2.40 billion in 2021[23]. - The basic earnings per share dropped to 0.4325 RMB, down 79.51% from 2.1108 RMB in 2021[25]. - The weighted average return on equity decreased to 8.83%, down 41.35 percentage points from 50.18% in 2021[25]. - The company reported a significant decrease in accounts receivable, down to 302,069,166.96 RMB from 402,509,717.17 RMB, indicating improved cash flow management[96]. Production and Operations - The production volume of acetic acid and its derivatives increased by approximately 10.47% year-on-year[34]. - The company faced dual pressure from high raw material costs and declining product prices, particularly for acetic acid[34]. - The company achieved a continuous decrease in acetic acid unit costs in 2022, with nearly 100 million yuan invested in technical upgrades to enhance production efficiency and safety standards[35]. - The acetic acid gasification technology upgrade project is in the final stages, with preparations for trial production underway, and a 200,000 tons/year dimethyl carbonate project has been initiated[37]. - The company operates with a production capacity of 1.2 million tons of acetic acid and 300,000 tons of acetic acid ester annually, ranking among the industry leaders[41]. - The production capacity for acetic acid is 1.2 million tons per year, with 300,000 tons for acetic ester, positioning the company among the industry leaders[45]. - The company is focused on enhancing production quality and capacity through ongoing technological improvements and process optimizations[45]. Research and Development - A total of 12 patents were applied for in 2022, including 10 invention patents, with 8 patents granted, bringing the total to 78 effective patents by the end of the year[36]. - Research and development expenses increased by 5.63% to 270.77 million RMB, reflecting the company's commitment to innovation[49]. - The total R&D expenditure amounted to 270,769,713.58 yuan, representing 3.78% of the operating revenue[60]. - The number of R&D personnel is 363, representing 17.16% of the total workforce[61]. - The company has been actively involved in mergers and acquisitions to strengthen its market position[114]. Environmental and Safety Measures - The company invested 11 million yuan in safety hazard rectification, achieving zero major safety and environmental accidents during the reporting period[38]. - Environmental protection measures included an investment of approximately 30 million yuan, with all environmental discharge outlets meeting standards above 99.8%[39]. - The company has advanced environmental protection measures, achieving ultra-clean emissions and meeting wastewater discharge standards[46]. - The company has implemented multiple safety and environmental projects, enhancing its safety standards and environmental compliance[71]. - The company has established a comprehensive emergency response plan for environmental incidents, which has been filed with ecological and environmental departments[155]. - The company has maintained a commitment to environmental responsibilities, with no administrative penalties for environmental issues during the reporting period[157]. Governance and Compliance - The company has established a comprehensive internal control system, ensuring 100% contract review rate and effective risk management[40]. - The company maintained strict adherence to information disclosure obligations, ensuring timely, accurate, and complete information for all shareholders[108]. - The company executed necessary approval procedures for related party transactions, ensuring fairness and compliance without harming the interests of minority shareholders[107]. - The company has a structured approach to managing conflicts of interest, ensuring that related party transactions are conducted fairly[107]. - The company has established a governance structure and internal control system in accordance with relevant laws and regulations[146]. - The company has effectively managed its subsidiaries without any significant internal control deficiencies during the reporting period[145]. Future Outlook and Strategic Initiatives - The company plans to expand its market presence and is focusing on new product development and technological advancements[114]. - The company plans to enhance its investment in technology, safety, and environmental protection, focusing on energy-saving and emission-reduction projects to align with national policies[99]. - The company aims to optimize its industrial layout and expand into new materials to mitigate market volatility risks and enhance value across the supply chain[101]. - The company is preparing for the resumption of its acetic acid production facility and is exploring new technologies for carbon dioxide recovery and biomass energy utilization[102]. - The company anticipates changes in downstream demand due to macroeconomic conditions and environmental policies, which could affect production[104]. - The company is committed to continuous improvement in production efficiency and cost reduction through technological innovation and management enhancements[102]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 0.20 per share for the 2022 fiscal year, pending shareholder approval[5]. - The total cash dividend distributed in the reporting period accounted for 46.24% of the net profit attributable to ordinary shareholders[143]. - The company’s cash dividend policy remains unchanged, ensuring the protection of minority shareholders' rights[139].

[Report Overview](index=1&type=section&id=%E6%8A%A5%E5%91%8A%E6%A6%82%E8%A7%88) [Important Notice](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) This report is Jiangsu Suopo Chemical Co., Ltd.'s 2022 third-quarter report, which is unaudited; the company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content and assume legal responsibility - This quarter's financial statements are unaudited[6](index=6&type=chunk) - The company's board of directors, supervisory board, and senior management assume legal responsibility for the truthfulness, accuracy, and completeness of the report's content[3](index=3&type=chunk)[4](index=4&type=chunk)[5](index=5&type=chunk) [Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) [Key Accounting Data and Financial Indicators](index=1&type=section&id=(%E4%B8%80)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q3 2022 (July-September), the company's operating revenue decreased by 14.62% year-on-year, and net profit attributable to shareholders plummeted by 104.82% to a loss of **31.14 million yuan**; from January to September, operating revenue grew by 2.58%, but net profit attributable to shareholders declined by 67.01% 2022年第三季度及年初至报告期末主要财务指标 | Item | Current Reporting Period (July-Sept) (yuan) | YoY Change (%) | Year-to-Date (Jan-Sept) (yuan) | YoY Change (%) | | :---------------------------------------------------------------- | :-------------------------- | :------------- | :--------------------- | :------------- | | Operating Revenue | 1,655,045,536.30 | -14.62 | 6,007,563,798.66 | 2.58 | | Net Profit Attributable to Shareholders of Listed Company | -31,141,841.08 | -104.82 | 709,608,482.21 | -67.01 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | -34,230,884.48 | -105.35 | 699,207,768.36 | -67.35 | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 872,914,412.23 | -42.23 | | Basic Earnings Per Share (yuan/share) | -0.0267 | -104.82 | 0.6076 | -68.13 | | Weighted Average Return on Net Assets (%) | -0.55 | Decreased 12.15 percentage points | 12.12 | Decreased 34.43 percentage points | | Total Assets (Period-end) | 6,359,181,235.50 | -10.37 | 7,095,189,850.62 | -10.37 | | Shareholders' Equity Attributable to Shareholders of Listed Company (Period-end) | 5,698,581,709.40 | -7.30 | 6,147,438,878.09 | -7.30 | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=(%E4%BA%8C)%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) During the reporting period, the company's total non-recurring gains and losses amounted to **3.09 million yuan**, with a cumulative **10.40 million yuan** year-to-date, primarily comprising government subsidies, non-current asset disposal gains/losses, and other non-operating income/expenses 2022年第三季度及年初至报告期末非经常性损益项目 | Item | Amount for Current Reporting Period (yuan) | Year-to-Date Amount (yuan) | | :------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | :------------------------- | :------------------------- | | Gains/Losses from Disposal of Non-Current Assets | 62,316.55 | -191,833.60 | | Government Subsidies Included in Current Profit and Loss | 1,007,710.42 | 3,792,137.93 | | Fair Value Changes and Investment Income from Financial Instruments (excluding effective hedges) | 3,145,864.70 | 10,122,314.35 | | Other Non-Operating Income and Expenses | -561,426.16 | -1,481,071.50 | | Less: Income Tax Impact | 565,422.11 | 1,840,833.33 | | Total | 3,089,043.40 | 10,400,713.85 | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=4&type=section&id=(%E4%B8%89)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) The company's net profit and earnings per share significantly declined in Q3 and year-to-date, primarily due to decreasing product prices and rising procurement costs - Net profit attributable to shareholders (July-Sept) decreased by **104.82%** year-on-year, mainly due to lower product selling prices and higher procurement costs[16](index=16&type=chunk) - Net profit attributable to shareholders (Jan-Sept) decreased by **67.01%** year-on-year, mainly due to lower product selling prices and higher procurement costs[16](index=16&type=chunk) - Net cash flow from operating activities decreased by **42.23%** year-on-year, primarily due to higher procurement costs[16](index=16&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) [Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=4&type=section&id=(%E4%B8%80)%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the end of the reporting period, the company had **53,068** common shareholders; controlling shareholder Jiangsu Suopo (Group) Co., Ltd. holds **59.25%** of the company's shares, with most being restricted shares and a portion pledged - Total number of common shareholders at the end of the reporting period was **53,068**[19](index=19&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Ratio (%) | Number of Restricted Shares Held | Share Status | Quantity | | :------------------------------------------------------------------------------------ | :----------------- | :-------------------- | :--------------------- | :------------------------------- | :----------- | :---------- | | Jiangsu Suopo (Group) Co., Ltd. | State-owned Legal Person | 691,998,052 | 59.25 | 691,925,810 | Pledged | 200,000,000 | | Jiangsu Suopo (Group) Co., Ltd. - Jiangsu Suopo (Group) Co., Ltd. 2021 Non-public Issuance of Exchangeable Corporate Bonds Pledge Account for Professional Investors | Unknown | 175,000,000 | 14.98 | 0 | Pledged | 175,000,000 | | Zhenjiang State-owned Investment Holding Group Co., Ltd. | State-owned Legal Person | 53,107,738 | 4.55 | 50,000,000 | None | | - Controlling shareholder Jiangsu Suopo (Group) Co., Ltd. pledged **175,000,000** unrestricted shares on April 11, 2022, as collateral for the issuance of exchangeable corporate bonds for share conversion and principal/interest repayment[22](index=22&type=chunk) [Other Reminders](index=6&type=section&id=%E4%B8%89%E3%80%81%20%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) [Other Important Information Regarding Operating Performance](index=6&type=section&id=%E9%9C%80%E6%8F%90%E9%86%92%E6%8A%95%E8%B5%84%E8%80%85%E5%85%B3%E6%B3%A8%E7%9A%84%E5%85%B3%E4%BA%8E%E5%85%AC%E5%8F%B8%E6%8A%A5%E5%91%8A%E6%9C%9F%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BF%A1%E6%81%AF) There is no other significant operating information during the reporting period requiring special investor attention - No other important information regarding the company's operating performance during the reporting period requires investor attention[23](index=23&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=%E5%9B%9B%E3%80%81%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Type of Audit Opinion](index=6&type=section&id=(%E4%B8%80)%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E7%B1%BB%E5%9E%8B) This quarter's financial statements are unaudited - This quarter's financial statements are unaudited[23](index=23&type=chunk) [Financial Statements](index=7&type=section&id=(%E4%BA%8C)%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section details the company's consolidated and parent company balance sheets, income statements, and cash flow statements, reflecting the financial position, operating results, and cash flows as of Q3 2022 [Consolidated Balance Sheet](index=7&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, consolidated total assets were **6.36 billion yuan**, down **10.37%** from year-end 2021; total consolidated liabilities were **661 million yuan**, down **30.31%**; and equity attributable to parent company shareholders was **5.70 billion yuan**, down **7.30%** 合并资产负债表关键数据（截至2022年9月30日） | Item | Sept 30, 2022 (yuan) | Dec 31, 2021 (yuan) | Change (%) | | :--------------------------------------- | :------------------- | :------------------ | :--------- | | Total Assets | 6,359,181,235.50 | 7,095,189,850.62 | -10.37 | | Total Liabilities | 660,599,526.10 | 947,750,972.53 | -30.31 | | Equity Attributable to Parent Company Shareholders | 5,698,581,709.40 | 6,147,438,878.09 | -7.30 | | Cash and Cash Equivalents | 1,098,718,103.82 | 1,675,453,928.07 | -34.42 | | Trading Financial Assets | 120,620,625.48 | 350,497,764.28 | -65.60 | | Inventories | 480,861,527.20 | 613,423,071.51 | -21.59 | | Construction in Progress | 872,927,072.17 | 587,507,630.00 | 48.57 | [Consolidated Income Statement](index=9&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In the first three quarters of 2022, consolidated operating revenue was **6.01 billion yuan**, up **2.58%** year-on-year; total operating costs surged to **5.18 billion yuan**, up **54.65%**; net profit was **710 million yuan**, down **67.01%** 合并利润表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :---------------------------------------------- | :------------------- | :------------------- | :--------- | | Total Operating Revenue | 6,007,563,798.66 | 5,856,746,411.79 | 2.58 | | Total Operating Costs | 5,178,553,640.75 | 3,348,360,156.14 | 54.65 | | Including: Operating Costs | 4,856,610,091.88 | 3,048,545,178.54 | 59.30 | | Administrative Expenses | 133,323,512.20 | 77,068,372.14 | 73.00 | | Financial Expenses | -24,332,278.43 | -9,764,068.38 | -149.20 | | Operating Profit | 839,006,854.76 | 2,518,133,541.86 | -66.60 | | Total Profit | 837,170,665.29 | 2,518,902,223.44 | -66.76 | | Net Profit | 709,608,482.21 | 2,150,658,748.21 | -67.01 | | Net Profit Attributable to Parent Company Shareholders | 709,608,482.21 | 2,150,658,748.21 | -67.01 | | Basic Earnings Per Share (yuan/share) | 0.6076 | 1.9066 | -68.13 | [Consolidated Cash Flow Statement](index=12&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In the first three quarters of 2022, net cash flow from operating activities was **873 million yuan**, down **42.23%** year-on-year; net cash flow from investing activities turned positive at **302 million yuan**; net cash flow from financing activities was **-1.32 billion yuan**, mainly due to a significant increase in cash paid for dividends, profits, or interest 合并现金流量表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :---------------------------------------------- | :------------------- | :------------------- | :--------- | | Net Cash Flow from Operating Activities | 872,914,412.23 | 1,510,954,556.00 | -42.23 | | Net Cash Flow from Investing Activities | 302,061,583.41 | -1,328,599,584.28 | 122.74 | | Net Cash Flow from Financing Activities | -1,320,358,081.69 | 582,191,266.73 | -326.89 | | Net Increase in Cash and Cash Equivalents | -139,268,667.03 | 765,208,172.52 | -118.20 | | Cash Received from Sales of Goods and Services | 5,595,083,294.34 | 4,870,842,169.65 | 14.87 | | Cash Paid for Goods and Services | 4,191,831,987.52 | 2,649,661,563.06 | 58.20 | | Cash Paid for Dividends, Profits, or Interest Payments | 1,175,308,081.69 | 201,524,305.72 | 483.21 | [Parent Company Balance Sheet](index=13&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, parent company total assets were **6.01 billion yuan**, down **9.93%** from year-end 2021; total liabilities were **421 million yuan**, down **26.75%**; and total owner's equity was **5.59 billion yuan**, down **8.34%** 母公司资产负债表关键数据（截至2022年9月30日） | Item | Sept 30, 2022 (yuan) | Dec 31, 2021 (yuan) | Change (%) | | :------------------------- | :------------------- | :------------------ | :--------- | | Total Assets | 6,010,377,994.27 | 6,672,941,511.10 | -9.93 | | Total Liabilities | 421,340,717.35 | 575,165,212.02 | -26.75 | | Total Owner's Equity | 5,589,037,276.92 | 6,097,776,299.08 | -8.34 | | Cash and Cash Equivalents | 965,267,454.02 | 1,624,699,620.05 | -40.60 | | Long-term Equity Investments | 1,061,353,623.94 | 735,780,796.31 | 44.24 | | Construction in Progress | 842,616,974.67 | 574,706,569.05 | 46.61 | [Parent Company Income Statement](index=16&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) In the first three quarters of 2022, parent company operating revenue was **4.89 billion yuan**, down **16.60%** year-on-year; operating costs were **3.85 billion yuan**, up **26.43%**; net profit was **651 million yuan**, a significant **69.74%** year-on-year decrease 母公司利润表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :--------------- | :------------------- | :------------------- | :--------- | | Operating Revenue | 4,886,785,712.76 | 5,856,746,411.79 | -16.60 | | Operating Costs | 3,854,371,385.56 | 3,048,545,178.54 | 26.43 | | Financial Expenses | -28,041,735.55 | -9,764,068.38 | -187.20 | | Operating Profit | 760,110,368.09 | 2,518,133,541.86 | -69.74 | | Total Profit | 758,709,557.54 | 2,518,902,223.44 | -69.80 | | Net Profit | 650,808,495.00 | 2,150,658,748.21 | -69.74 | [Parent Company Cash Flow Statement](index=17&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In the first three quarters of 2022, parent company net cash flow from operating activities was **815 million yuan**, down **46.03%** year-on-year; net cash flow from investing activities turned positive at **129 million yuan**; net cash flow from financing activities was **-1.17 billion yuan**, mainly due to a significant increase in cash paid for dividends, profits, or interest 母公司现金流量表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :---------------------------------------------- | :------------------- | :------------------- | :--------- | | Net Cash Flow from Operating Activities | 815,463,792.82 | 1,510,954,556.00 | -46.03 | | Net Cash Flow from Investing Activities | 128,755,402.28 | -1,328,599,584.28 | 109.69 | | Net Cash Flow from Financing Activities | -1,172,610,364.40 | 582,191,266.73 | -301.36 | | Net Increase in Cash and Cash Equivalents | -222,277,765.09 | 765,208,172.52 | -129.05 | | Cash Received from Sales of Goods and Services | 4,774,137,070.37 | 4,870,842,169.65 | -1.98 | | Cash Paid for Goods and Services | 3,548,188,359.76 | 2,649,661,563.06 | 33.91 | | Cash Paid for Dividends, Profits, or Interest Payments | 1,172,610,364.40 | 201,524,305.72 | 481.88 |

Financial Performance - Basic earnings per share decreased by 53.28% to CNY 0.63 compared to the same period last year[21]. - Net profit attributable to shareholders decreased by 50.76% to CNY 740,750,323.29, while net profit excluding non-recurring gains and losses decreased by 51.14% to CNY 733,438,652.84[22]. - Operating revenue increased by 11.08% to CNY 4,352,518,262.36 compared to the same period last year[22]. - Weighted average return on equity decreased by 23.79 percentage points to 12.09%[21]. - Net cash flow from operating activities decreased by 32.31% to CNY 669,518,682.38[22]. - Total assets decreased by 9.07% to CNY 6,451,854,260.55 compared to the end of the previous year[22]. - The company achieved operating revenue of 4,352,518,262.36 CNY, a year-on-year increase of 11.08%[36]. - The net profit attributable to shareholders was 74,075.03 million CNY, a year-on-year decrease of 50.76%[30]. - The company’s operating costs increased by 65.64% year-on-year, reaching 3,261,138,760.63 CNY[36]. - Research and development expenses rose by 19.55% to 111,162,637.15 CNY, reflecting increased investment in R&D[36]. Risk Management - The report includes a risk statement indicating that future plans and development strategies do not constitute a substantive commitment to investors, highlighting investment risks[5]. - The company faces risks related to raw material supply shortages and price fluctuations, which could significantly impact production and operations[45]. - The company has established and improved environmental protection systems and has increased investment in environmental safety, but risks remain regarding potential environmental pollution and safety incidents[45]. - The company has implemented measures to strengthen production and operational management to mitigate risks associated with the ongoing COVID-19 pandemic[48]. Environmental Compliance - The company reported that all major pollutants from its emissions are within the regulatory standards, including sulfur dioxide emissions at 7.27 mg/m3 and nitrogen oxides at 35.65 mg/m3[56]. - The total emissions of nitrogen oxides from the company were reported at 19.99 tons, which is compliant with the emission standards[57]. - The company has a wastewater discharge point that meets the Class A standard of the Urban Wastewater Treatment Plant Pollutant Discharge Standard (GB18918-2012)[58]. - The company has achieved a 100% compliance rate for its environmental monitoring data[58]. - The company has implemented pollution control facilities that meet environmental standards, ensuring stable operation and compliance with emissions for sulfur dioxide, nitrogen oxides, and particulate matter[60]. - The wastewater treatment facility operates stably, with all major pollutants meeting discharge standards during the reporting period[61]. - The company has invested in upgrading thermal power boilers and VOCs treatment systems to comply with stricter environmental regulations, achieving both economic and environmental benefits[61]. - The company has a 100% compliance rate for emissions monitoring, with all air, water, and noise emissions meeting national standards[64]. - The company has established a carbon dioxide recovery system, utilizing CO2-rich exhaust gases to produce liquid CO2, thereby reducing coal consumption[66]. - The company is advancing energy-saving and emission-reduction technology upgrades in acetic acid production, enhancing production capacity while minimizing environmental impact[66]. Corporate Governance - The company confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[6]. - The company guarantees the independence of its financial operations and management, ensuring no misuse of assets for unrelated investments[76]. - The company will avoid any direct or indirect competition with Jiangsu Sop and its subsidiaries during the shareholding period[79]. - Jiangsu Sop and its subsidiaries will minimize related party transactions and ensure fair pricing in necessary transactions[81]. - Sop Group will strictly fulfill its commitment to avoid competition with Jiangsu Sop, integrating Jiangsu Sop as the sole platform for its acetic acid and derivatives business[82]. - Sop Group commits to injecting relevant assets into Jiangsu Sop within 36 months when the annual production of 330,000 tons of vinyl acetate project is expected to generate economic benefits[82]. - Sop Group will also inject relevant assets into Jiangsu Sop within 36 months for the syngas-to-ethanol technology development project when it is expected to generate economic benefits[83]. - Sop Group will minimize related party transactions with Jiangsu Sop and ensure fair operations at market prices[85]. - Sop Group's shares obtained from this transaction will not be transferred for 36 months from the end of the issuance[86]. - Sop Group guarantees that the shares used for performance compensation will not be pledged to evade compensation obligations[88]. - Sop Group and Jiangsu Sop will ensure that the ownership of the target assets is clear and free from disputes[89]. - Sop Group and Jiangsu Sop will complete the transfer of relevant personnel within 6 months after the transaction is approved by the CSRC[89]. - Sop Group and Jiangsu Sop will comply with any new regulatory requirements regarding compensation measures issued by the CSRC[93]. Financial Reporting - The company’s financial report has been guaranteed for authenticity, accuracy, and completeness by its board of directors and management[7]. - The report period is from January 1, 2022, to June 30, 2022, with all financial data presented in RMB[10]. - The company’s main accounting data and financial indicators will be detailed in the subsequent sections of the report[20]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[54]. - The company confirmed no significant litigation or arbitration matters during the reporting period[97]. - The company has not experienced any non-standard audit opinions or bankruptcy reorganization matters in the reporting period[97]. - The company has not reported any violations regarding guarantees or significant related party transactions exceeding approved limits[96][97]. - The company has established a compensation system linked to the execution of return measures[95]. - The company has not disclosed any major lawsuits or penalties against its directors, supervisors, or senior management[97]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[95]. Investment and Development - The company is constructing a 20,000 tons/year dimethyl carbonate project to enhance product structure and competitiveness[34]. - The company plans to invest in a 200,000 tons/year dimethyl carbonate project to optimize product structure and enhance overall competitiveness and risk resistance[40]. - The company raised a net amount of RMB 984 million from a private placement in April 2021, primarily for the acetic acid gasification technology upgrade project, which is expected to achieve an annual production capacity of 152,300 tons of crude methanol and 320 million standard cubic feet of carbon monoxide[47]. - The company is currently advancing the construction of the acetic acid project, but there is uncertainty regarding whether it will be completed and operational as planned[47]. - The company is actively exploring new product development and technological advancements to drive future growth[123]. - The company’s financial strategy includes maintaining a balanced approach to risk management while pursuing growth opportunities in emerging markets[126]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 54,980[115]. - Jiangsu Sop Group reduced its shareholding by 175,000,000 shares, holding a total of 691,998,052 shares, which represents 59.25% of the total shares[117]. - The company plans to release 691,925,810 shares held by Jiangsu Sop Group for trading on April 2, 2023, following a 36-month lock-up period[121]. - The company has a strategic focus on expanding its market presence and enhancing its asset management capabilities through potential mergers and acquisitions[123]. Operational Efficiency - The company maintains a complete industrial chain for acetic acid production, enhancing cost control and product quality[27]. - The company has a production capacity of 1.2 million tons of acetic acid annually, with ongoing technological improvements to enhance operational efficiency[27]. - The company has implemented over 50 technical transformation projects to reduce costs and improve operational efficiency[30]. - The company improved its direct sales ratio and expanded exports to Europe after obtaining EU Reach certification[31]. - The company’s operational strategy includes expanding logistics and maintenance services to enhance efficiency[103]. - The overall market conditions have shown a positive trend, supporting the company's growth outlook for the upcoming quarters[103]. Asset Management - Cash and cash equivalents decreased by 52.66% compared to the end of the previous year, primarily due to cash dividends distributed during the reporting period[38]. - Accounts receivable increased by 117.98% compared to the end of the previous year, mainly due to an increase in customer payments and a significant customer adopting a "payment period + year-end settlement" method[38]. - Other current assets increased by 950.76% compared to the end of the previous year, primarily due to an increase in VAT receivables during the reporting period[38]. - Construction in progress increased by 31.30% compared to the end of the previous year, mainly due to increased investment in engineering projects during the reporting period[38]. - Short-term borrowings, long-term borrowings, and current portion of non-current liabilities decreased by 100.00% compared to the end of the previous year, primarily due to the parent company increasing capital to subsidiaries, which repaid bank loans and interest[38]. - Accounts payable increased by 34.56% compared to the end of the previous year, mainly due to an increase in payables for goods during the reporting period[39]. Accounting Policies - The financial statements are prepared based on the going concern principle, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[171]. - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[173]. - The accounting period for the company runs from January 1 to December 31 each year[174]. - The company uses RMB as its functional currency for accounting purposes[176]. - The company follows specific accounting policies for revenue recognition and other transactions based on its operational characteristics[172]. - The company’s financial statements are consolidated based on control, including the results of subsidiaries from the date control is obtained[180]. - The company ensures that any significant transactions and balances between consolidated entities are eliminated in the financial statements[180]. - The company recognizes its share of assets and liabilities in joint operations according to relevant accounting standards[183]. - Financial instruments are classified based on the business model and cash flow characteristics, including those measured at amortized cost and fair value[188].

[Important Notice](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) This is the unaudited Q1 2022 report, with management affirming the content's authenticity, accuracy, and completeness - The financial statements for this quarter are **unaudited**[6](index=6&type=chunk) - The Board of Directors, Supervisory Committee, and senior management guarantee the authenticity, accuracy, and completeness of the quarterly report and assume legal responsibility[4](index=4&type=chunk) [I. Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company's Q1 2022 revenue grew, while net profit and EPS declined, alongside growth in total assets and equity [(I) Key Accounting Data and Financial Indicators](index=1&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%20(%E4%B8%80)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Revenue grew significantly this period, though net profit and EPS declined, while total assets and equity increased | Item | Current Period Amount (CNY) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 2,072,792,082.97 | 23.44 | | Net Profit Attributable to Shareholders | 407,578,365.54 | -25.30 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 405,018,166.84 | -25.67 | | Net Cash Flow from Operating Activities | 354,075,789.49 | -17.06 | | Basic Earnings Per Share (CNY/Share) | 0.3490 | -32.94 | | Weighted Average Return on Equity (%) | 6.42 | Decrease of 10.52 percentage points | | | **Current Period-End Amount (CNY)** | **Prior Year-End Amount (CNY)** | **Period-over-Period Change (%)** | | Total Assets | 7,516,205,168.41 | 7,095,189,850.62 | 5.93 | | Equity Attributable to Shareholders | 6,559,078,154.49 | 6,147,438,878.09 | 6.70 | [(II) Non-recurring Gains and Losses](index=2&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%20(%E4%BA%8C)%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring items for the period totaled CNY 2.56 million, primarily from fair value changes and government grants | Item | Current Period Amount (CNY) | | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | -54,705.20 | | Government Grants Recognized in Current Profit or Loss | 748,709.26 | | Fair Value Change Gain/Loss and Investment Income from Financial Assets | 3,705,920.68 | | Other Non-operating Income and Expenses | -1,406,021.51 | | Less: Income Tax Impact | 433,704.53 | | Total | 2,560,198.70 | [(III) Analysis of Major Changes in Key Financial Data and Indicators](index=3&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%20(%E4%B8%89)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) Basic earnings per share decreased by 32.94% year-over-year, primarily due to a reduction in net profit - Basic earnings per share decreased by **32.94%**, mainly due to the decline in net profit during the reporting period[11](index=11&type=chunk) [II. Shareholder Information](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) The company had 60,754 common shareholders, with the controlling shareholder holding 74.24% and having significant share pledges [(I) Total Common Shareholders and Top Ten Shareholders' Holdings](index=3&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF%20(%E4%B8%80)%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company had 60,754 common shareholders, with the controlling shareholder pledging 200 million shares as collateral - At the end of the reporting period, the total number of common shareholders was **60,754**[12](index=12&type=chunk) - The controlling shareholder, Jiangsu Sopo (Group) Co, Ltd, pledged **175,000,000** unrestricted shares as collateral for the issuance of exchangeable corporate bonds[17](index=17&type=chunk) | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Ratio (%) | Number of Restricted Shares | Share Status | Pledged or Frozen Shares | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangsu Sopo (Group) Co, Ltd | State-owned Legal Entity | 866,998,052 | 74.24 | 691,925,810 | Pledged | 200,000,000 | | Zhenjiang State-owned Investment Holding Group Co, Ltd | State-owned Legal Entity | 56,918,238 | 4.87 | 50,000,000 | None | | | Huian Fund - Huaneng Trust · Yueying No 17 Single Fund Trust - Huian Fund Huixin No 56 Single Asset Management Plan | Domestic Non-state-owned Legal Entity | 3,270,221 | 0.28 | 0 | None | | | He Donghai | Domestic Natural Person | 2,424,091 | 0.21 | 0 | None | | | China Orient Asset Management Co, Ltd | State-owned Legal Entity | 1,760,537 | 0.15 | 1,760,537 | None | | | Ma Mengqing | Domestic Natural Person | 1,088,778 | 0.09 | 0 | None | | | Liu Zhonghua | Domestic Natural Person | 951,500 | 0.08 | 0 | None | | | Zhan Tao | Domestic Natural Person | 747,000 | 0.06 | 0 | None | | | Mo Jihong | Domestic Natural Person | 725,008 | 0.06 | 0 | None | | | Caitong Fund - Luzhou Puxin Equity Investment Fund Partnership (LP) - Caitong Fund Puxin No 3 Single Asset Management Plan | Domestic Non-state-owned Legal Entity | 693,069 | 0.06 | 0 | None | | [III. Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) There were no other significant operational matters requiring special attention from investors during this period - No other significant operational information requires investor attention for the reporting period[18](index=18&type=chunk) [IV. Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the detailed Q1 2022 consolidated and parent company financial statements [(I) Audit Opinion Type](index=5&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%20(%E4%B8%80)%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E7%B1%BB%E5%9E%8B) The quarterly financial statements are unaudited - The financial statements for this quarter are **unaudited**[18](index=18&type=chunk) [(II) Financial Statements](index=6&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%20(%E4%BA%8C)%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section contains the consolidated and parent company balance sheets, income statements, and cash flow statements [Consolidated Balance Sheet](index=6&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) Total consolidated assets reached CNY 7.52 billion, a 5.93% increase from year-end, driven by growth in financial assets | Item | March 31, 2022 (CNY) | December 31, 2021 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,341,457,437.82 | 1,675,453,928.07 | -19.93 | | Trading Financial Assets | 902,946,575.34 | 350,497,764.28 | 157.63 | | Accounts Receivable | 128,997,968.89 | 68,314,734.49 | 88.83 | | Prepayments | 415,341,748.67 | 96,480,436.42 | 330.50 | | Inventories | 396,233,529.28 | 613,423,071.51 | -35.39 | | Total Current Assets | 3,664,428,699.27 | 3,292,392,293.92 | 11.29 | | Fixed Assets | 2,423,629,201.95 | 2,409,931,115.23 | 0.57 | | Construction in Progress | 672,685,739.23 | 587,507,630.00 | 14.49 | | Intangible Assets | 590,073,428.50 | 519,091,834.31 | 13.67 | | Total Non-current Assets | 3,851,776,469.14 | 3,802,797,556.70 | 1.29 | | Total Assets | 7,516,205,168.41 | 7,095,189,850.62 | 5.93 | | Contract Liabilities | 228,056,014.57 | 153,178,968.36 | 48.88 | | Employee Benefits Payable | 12,722,240.36 | 49,377,132.00 | -74.24 | | Total Current Liabilities | 801,166,854.94 | 788,015,670.51 | 1.67 | | Total Liabilities | 957,127,013.92 | 947,750,972.53 | 0.99 | | Total Equity Attributable to Parent Company | 6,559,078,154.49 | 6,147,438,878.09 | 6.70 | [Consolidated Income Statement](index=8&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) Q1 2022 revenue grew 23.44% YoY, but higher costs led to a decline in operating profit and net profit | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2,072,792,082.97 | 1,679,184,099.46 | 23.44 | | Total Operating Costs | 1,591,678,480.51 | 1,037,466,559.20 | 53.44 | | Cost of Sales | 1,474,950,564.21 | 953,158,988.90 | 54.75 | | Selling Expenses | 3,340,163.06 | 2,223,484.56 | 50.23 | | Administrative Expenses | 40,136,303.13 | 22,802,985.88 | 76.01 | | R&D Expenses | 65,009,265.55 | 44,433,452.51 | 46.31 | | Financial Expenses | -5,840,468.01 | 604,188.88 | -1067.76 | | Of which: Interest Income | 10,383,458.64 | 747,122.23 | 1289.76 | | Operating Profit | 484,439,937.11 | 641,760,365.76 | -24.49 | | Total Profit | 482,979,210.40 | 641,893,447.17 | -24.76 | | Net Profit | 407,578,365.54 | 545,609,430.10 | -25.30 | | Basic Earnings Per Share (CNY/Share) | 0.3490 | 0.5204 | -32.94 | [Consolidated Cash Flow Statement](index=11&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Net operating cash flow decreased 17.06% YoY, with a significant increase in cash outflows from investing activities | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 354,075,789.49 | 426,918,733.01 | -17.06 | | Cash Received from Sales of Goods and Services | 1,896,681,634.05 | 1,321,536,438.07 | 43.52 | | Cash Paid for Goods and Services | 1,311,924,953.66 | 772,545,906.02 | 69.82 | | Cash Paid to and for Employees | 117,365,390.01 | 65,156,108.38 | 80.13 | | Net Cash Flow from Investing Activities | -454,419,953.24 | -190,247,874.47 | -138.86 | | Cash Paid for Investments | 1,332,696,400.00 | 140,500,000.00 | 848.54 | | Net Cash Flow from Financing Activities | -8,439,432.98 | 843,287,301.22 | -100.00 | | Cash Paid for Debt Repayment | 4,550,000.00 | 148,000,000.00 | -96.93 | | Net Increase in Cash and Cash Equivalents | -109,129,244.68 | 1,080,361,082.86 | -110.10 | [Parent Company Balance Sheet](index=12&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) The parent company's total assets grew to CNY 7.06 billion, up 5.82% from year-end, with a notable rise in long-term equity investments | Item | March 31, 2022 (CNY) | December 31, 2021 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,229,860,187.12 | 1,624,699,620.05 | -24.30 | | Trading Financial Assets | 902,946,575.34 | 350,497,764.28 | 157.63 | | Accounts Receivable | 78,741,492.22 | 45,034,361.47 | 74.84 | | Prepayments | 401,108,108.18 | 92,529,673.99 | 333.50 | | Inventories | 339,639,994.24 | 559,570,523.24 | -39.31 | | Total Current Assets | 3,314,618,416.81 | 3,056,619,610.89 | 8.44 | | Long-term Equity Investments | 961,633,575.98 | 735,780,796.31 | 30.70 | | Fixed Assets | 1,807,260,142.80 | 1,860,789,844.47 | -2.98 | | Construction in Progress | 653,753,797.77 | 574,706,569.05 | 13.75 | | Total Non-current Assets | 3,747,044,810.31 | 3,616,321,900.21 | 3.62 | | Total Assets | 7,061,663,227.12 | 6,672,941,511.10 | 5.82 | | Contract Liabilities | 191,023,338.27 | 127,088,869.95 | 50.31 | | Employee Benefits Payable | 4,486,428.63 | 36,284,828.19 | -87.63 | | Total Current Liabilities | 542,411,395.29 | 539,080,261.43 | 0.62 | | Total Liabilities | 578,272,914.65 | 575,165,212.02 | 0.54 | | Total Equity | 6,483,390,312.47 | 6,097,776,299.08 | 6.32 | [Parent Company Income Statement](index=15&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%88%A9%E6%B6%A6%E8%A1%A8) The parent company's revenue remained stable, but rising costs led to a 29.70% YoY decrease in operating profit | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,714,190,820.41 | 1,679,184,099.46 | 2.08 | | Cost of Sales | 1,164,111,395.15 | 953,158,988.90 | 22.14 | | Selling Expenses | 2,862,103.99 | 2,223,484.56 | 28.72 | | Administrative Expenses | 30,841,576.26 | 22,802,985.88 | 35.25 | | R&D Expenses | 65,009,265.55 | 44,433,452.51 | 46.31 | | Financial Expenses | -8,526,442.65 | 604,188.88 | -1519.00 | | Of which: Interest Income | 10,192,541.33 | 747,122.23 | 1264.34 | | Operating Profit | 451,142,555.23 | 641,760,365.76 | -29.70 | | Total Profit | 449,857,042.14 | 641,893,447.17 | -29.92 | | Net Profit | 382,371,706.55 | 545,609,430.10 | -29.92 | [Parent Company Cash Flow Statement](index=16&type=section&id=%E6%AF%8D%E5%85%AC%E5%8F%B8%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) The parent company's net operating cash flow fell 21.20% YoY, with a significant increase in cash used for investments | Item | Q1 2022 (CNY) | Q1 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 336,502,411.99 | 426,918,733.01 | -21.20 | | Cash Received from Sales of Goods and Services | 1,650,984,524.32 | 1,321,536,438.07 | 24.93 | | Cash Paid for Goods and Services | 1,128,449,802.04 | 772,545,906.02 | 46.07 | | Cash Paid to and for Employees | 89,556,098.23 | 65,156,108.38 | 37.45 | | Net Cash Flow from Investing Activities | -505,704,759.23 | -190,247,874.47 | -165.81 | | Cash Paid for Investments | 1,387,696,400.00 | 140,500,000.00 | 887.68 | | Net Cash Flow from Financing Activities | -1,164,712.36 | 843,287,301.22 | -100.14 | | Net Increase in Cash and Cash Equivalents | -170,712,722.36 | 1,080,361,082.86 | -115.80 | [Appendix](index=18&type=section&id=%E9%99%84%E5%BD%95) This section details the company's first-time adoption of new accounting standards starting in 2022 - The company adopted new accounting standards in 2022, with no related financial statement adjustments in this reporting period[55](index=55&type=chunk)