证券代码：600800 证券简称：渤海化学 公告编号：2023-051 天津渤海化学股份有限公司 关于召开 2022 年度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2023 年 6 月 21 日（星期三）下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 6 月 14 日（星期三）至 6 月 20 日（星期 二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 bhcc600800@bcig.cn 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 天津渤海化学股份有限公司（以下简称"公司"）已于 2023 年 3 月 15 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了 解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 6 月 21 日下午 16:00 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥520,481,069.15, representing a decrease of 38.96% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥109,308,597.78, with a diluted earnings per share of -¥0.09[5]. - The net loss for Q1 2023 was ¥109,308,597.78, compared to a net loss of ¥64,571,944.96 in Q1 2022, indicating a worsening of approximately 69.3%[23]. - The company reported a total comprehensive loss of ¥109,370,198.21 for Q1 2023, compared to a loss of ¥64,585,418.38 in Q1 2022, indicating an increase of approximately 69.3%[23]. - Basic earnings per share for Q1 2023 was -¥0.09, compared to -¥0.05 in Q1 2022, reflecting a decline in profitability[23]. Assets and Liabilities - The total assets at the end of Q1 2023 were ¥4,243,621,337.33, down 12.05% from the end of the previous year[6]. - As of March 31, 2023, total assets amounted to RMB 4.24 billion, down from RMB 4.83 billion at the end of 2022, representing a decrease of approximately 12.1%[17]. - Current assets decreased to RMB 1.73 billion from RMB 2.27 billion, a decline of about 23.5%[17]. - The total liabilities decreased to ¥1,440,894,525.57 in Q1 2023 from ¥1,915,250,064.86 in Q1 2022, a decline of about 24.7%[22]. - The total equity attributable to shareholders decreased to ¥2,802,726,811.76 in Q1 2023 from ¥2,909,908,654.62 in Q1 2022, a decrease of approximately 3.7%[22]. Cash Flow - Cash flow from operating activities was negative at -¥191,830,234.84, indicating cash outflow during the quarter[5]. - The net cash outflow from operating activities was approximately -$191.83 million, an improvement from -$233.99 million in the same period last year[26]. - The cash outflow from investing activities was approximately $4.77 million, a significant decrease from $15.52 million in Q1 2022[27]. - The net cash flow from financing activities was approximately -$417.86 million, compared to a positive net cash flow of $20.67 million in Q1 2022[27]. - The company experienced a net decrease in cash and cash equivalents of approximately -$614.45 million in Q1 2023, compared to -$228.84 million in Q1 2022[27]. Expenses - The company's sales expenses increased by 53.95% due to the distribution of last year's year-end performance bonuses[10]. - Research and development expenses decreased by 61.64% as a result of reduced investment in R&D activities[10]. - Research and development expenses for Q1 2023 were ¥22,867,015.09, down from ¥59,618,276.33 in Q1 2022, a reduction of about 61.7%[22]. - The company increased cash payments to employees to approximately $38.50 million, up from $27.51 million in Q1 2022, reflecting a 39.9% increase[26]. - The company paid approximately $28.30 million in taxes, a decrease from $79.83 million in the previous year, indicating a 64.6% reduction[26]. Operational Efficiency - The company continues to focus on cost reduction strategies and improving operational efficiency in response to the financial challenges faced in the current quarter[22]. - The company experienced a 34.50% decrease in operating costs, aligning with the drop in revenue due to reduced production and sales[9]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,070[12]. - The company reported a net profit commitment for Bohai Petrochemical of at least RMB 230.33 million, RMB 235.85 million, and RMB 251.55 million for the years 2020, 2021, and 2022 respectively[14]. - Bohai Petrochemical did not meet its 2022 performance commitment, and the group is required to compensate using shares obtained from the asset purchase[15]. - The company is expected to announce further details regarding the performance compensation plan in subsequent announcements[15]. Inventory and Receivables - Inventory increased to RMB 529.68 million from RMB 478.76 million, reflecting an increase of about 10.6%[17]. - Accounts receivable decreased to RMB 60.95 million from RMB 68.46 million, a decline of about 11.0%[17]. Research and Development - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided content[16].

Financial Performance - In 2022, the company's operating revenue reached ¥6,048,128,642.58, an increase of 42.42% compared to ¥4,246,640,911.32 in 2021[22] - The net profit attributable to shareholders of the listed company was -¥38,237,804.50 in 2022, a decrease of 120.36% from ¥187,792,186.80 in 2021[22] - The cash flow from operating activities amounted to ¥662,559,779.27, representing a 103.12% increase from ¥326,192,213.22 in 2021[22] - The total assets at the end of 2022 were ¥4,825,158,719.48, a decrease of 0.85% from ¥4,866,624,451.64 at the end of 2021[22] - The net assets attributable to shareholders of the listed company decreased by 1.20% to ¥2,909,908,654.62 at the end of 2022 from ¥2,945,228,067.46 at the end of 2021[22] - Basic earnings per share decreased by 118.75% to -0.03 CNY in 2022 from 0.16 CNY in 2021[23] - Diluted earnings per share also fell by 118.75% to -0.03 CNY in 2022 compared to 0.16 CNY in 2021[23] - The weighted average return on equity dropped by 7.86 percentage points to -1.31% in 2022 from 6.55% in 2021[23] Operational Highlights - The company achieved operating revenue of CNY 6.048 billion, with propylene sales of 636,000 tons and hydrogen sales of 56.27 million cubic meters[32] - The average gross profit of PDH (Propane Dehydrogenation) in 2022 was -CNY 381 per ton, indicating a significant decline from the previous year[35] - The sales volume of propylene increased by 11.07%, while the inventory level decreased significantly by 97.95%[48] - The company’s PDH (Propane Dehydrogenation) facility has an annual capacity of 600,000 tons and has been operating at full capacity since its launch, significantly reducing production costs and enhancing product competitiveness[68] Research and Development - The company’s R&D investment in 2022 was CNY 200 million, an increase of over 183.12% year-on-year, with 128 valid patents by the end of 2022[33] - Research and development expenses surged by 183.12% to ¥200,500,133.34, reflecting the company's commitment to enhancing R&D investments[44] - The company employed 86 R&D personnel, accounting for 10.90% of the total workforce, highlighting a strong focus on innovation[57] Market and Competitive Landscape - The company’s main business includes propylene, propane, hydrogen sales, and smart card products, with a focus on the North China market[37] - The company is actively exploring new raw material suppliers and optimizing procurement strategies to reduce costs[32] - The company aims to enhance its digital transformation and has launched multiple information systems to improve operational efficiency[33] Financial Risks and Challenges - The company faces financial risks, market competition risks, and fluctuations in material and labor costs, as detailed in the management discussion section[8] - The company anticipates challenges in 2023 due to high raw material costs and weak downstream demand, which may impact the profitability of the PDH segment[91] - The company attributed the shortfall in 2022 to the impact of the Russia-Ukraine conflict, which led to a significant increase in raw material costs, particularly for imported propane[164] Governance and Compliance - The company emphasizes investor relations and transparency in information disclosure, enhancing communication with investors[34] - The board of directors consists of nine members, including three independent directors, ensuring compliance with legal and regulatory requirements[103] - The company has established four specialized committees under the board, enhancing decision-making efficiency and accountability[104] - The company maintains transparent information disclosure practices, ensuring all investors have equal access to information[105] Environmental and Social Responsibility - The company invested 1,901.57 million yuan in environmental protection during the reporting period[141] - The total discharge of nitrogen oxides was 334.55 tons, which is below the permitted discharge of 592.08 tons[143] - The company has adopted low NOx combustion technology in its facilities to reduce emissions[144] Shareholder Information - The largest shareholder, Tianjin Bohai Chemical Group Co., Ltd., holds 391,135,219 shares, representing 32.99% of the total shares, with 195,000,000 shares pledged[193] - The top ten shareholders collectively hold a significant portion of the company's shares, with the first two shareholders accounting for over 47% of the total[193] - The total number of ordinary shareholders as of the end of the reporting period is 45,659, an increase from 44,386 at the end of the previous month[191]

Funding and Project Development - The company plans to raise funds for the recently signed 10 billion yuan light hydrocarbon comprehensive utilization project through various channels, including bank loans, equity financing, corporate bonds, and convertible bonds [3] - The propane dehydrogenation facility is expected to begin construction in the second half of 2022, with a projected construction period of 30 months [3] Research and Development - The company has significantly increased R&D expenses, focusing on key technologies in petrochemicals, hydrogen energy, and digital currency, with expectations of new profit growth points upon industrialization of these technologies [3] Business Restructuring and Asset Management - The company completed the acquisition of all shares of China Banknote Paper Industry Company on March 29, 2022, to optimize and relocate its original magnetic card business, enhancing production capacity and diversifying revenue sources [4] - The company aims to improve asset efficiency by revitalizing the original production site and reducing operational risks associated with a single chemical business [4] Financial Performance and Market Perception - The company emphasizes adherence to accounting standards and denies any intention to hide profits or manipulate stock prices [5] - The stock price has been under pressure due to macroeconomic factors, market liquidity, and industry valuation levels, with the company focusing on improving governance and operational performance to enhance market value [6] Land and Real Estate - The company currently owns approximately 600,000 square meters of land [7] - There are no immediate plans for asset injection from the group, and the company is not preparing to enter the real estate market despite having real estate development capabilities in its business scope [5][6]

2022 年第三季度报告 证券代码：600800 证券简称：渤海化学 天津渤海化学股份有限公司 2022 年第三季度报告 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法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 期增减变 | 年初至报告期末 | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 动幅度 | | 同期增减变 动幅度(%) | | | | (%) | | | | 营业收入 | 1,212,944,640.49 | -0.43 | 3,241,223,359.12 | 4.79 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥2.03 billion, representing an increase of 8.18% compared to ¥1.87 billion in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was a loss of approximately ¥181.77 million, a decrease of 308.58% compared to a profit of ¥87.15 million in the same period last year[18]. - The net cash flow from operating activities was approximately ¥8.98 million, down 90.58% from ¥95.32 million in the same period last year[18]. - The basic earnings per share for the first half of 2022 was -¥0.15, compared to ¥0.07 in the same period last year, reflecting a decrease of 314.29%[20]. - The weighted average return on net assets was -6.37%, down 9.46 percentage points from 3.09% in the same period last year[20]. - The company reported a total profit of CNY -21,203,170.00 and a net profit attributable to shareholders of CNY -18,177,110.00 for the first half of 2022[31]. - Operating costs increased by 24.30% to CNY 1,995,146,686.45, primarily due to higher raw material costs[34]. - The company reported a net loss of 20,112,000 RMB for the first half of 2022, compared to a revenue of 74,937,925 RMB, indicating a significant decline in performance[84]. - The company reported a net loss of CNY 511,978,966.43 for the current period[127]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥4.89 billion, a slight increase of 0.49% from ¥4.87 billion at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 6.21% to approximately ¥2.76 billion from ¥2.95 billion at the end of the previous year[19]. - Total current assets increased to CNY 138,513,970.24 from CNY 105,787,337.18, reflecting a growth of approximately 30.9%[97]. - The total liabilities increased to CNY 2,128,329,214.18, up from CNY 1,921,396,384.18, representing a growth of about 10.8%[93]. - Owner's equity decreased to CNY 2,762,196,335.61 from CNY 2,945,228,067.46, a decline of approximately 6.2%[93]. - The total equity at the end of the reporting period is CNY 2,860,065,224.20, showing a decrease of CNY 34,211,116.66 compared to the previous period[127]. Cash Flow - The net cash flow from operating activities decreased by 90.58% to CNY 8,975,338.85, attributed to rising operating costs and declining profits[34]. - Cash inflow from financing activities was CNY 1,301,711,319.14, up 16.08% from CNY 1,121,618,868.65 in the same period last year[110]. - Cash outflow from financing activities decreased to CNY 1,054,346,929.41 from CNY 1,445,491,159.82, a reduction of 27.00%[110]. - The ending cash and cash equivalents balance increased to CNY 987,573,154.64 from CNY 612,569,229.67, marking a 61.25% increase[110]. Research and Development - Research and development expenses rose by 83.74% to CNY 91,421,309.48, reflecting increased investment in innovation[34]. - The company has not reported any new product launches or technological advancements in this period[120]. - The company has not provided specific future guidance or performance outlook in the current financial report[126]. Risks and Challenges - The company has identified financial risks, market competition risks, and fluctuations in material and labor costs as significant risks in the report[7]. - The overall profitability of the domestic propylene industry has declined due to rising production costs and falling prices of downstream derivatives[26]. - The company anticipates risks in meeting profit commitments for the year due to the impact of rising energy prices and the pandemic[32]. - The company faces risks related to raw material price fluctuations, particularly for propane and natural gas, which significantly impact production costs[44]. - Safety production risks are present due to the nature of operations in hazardous chemical production, despite existing safety measures and training programs[44]. Environmental Compliance - The total emissions of nitrogen oxides were 142.74 tons, significantly below the permitted amount of 592.08 tons[54]. - The actual sulfur dioxide emissions were 10.9 tons, well within the allowed limit of 115 tons[54]. - The company has implemented a comprehensive wastewater collection and treatment system, ensuring compliance with discharge standards[54]. - Bohai Petrochemical has established a set of environmental protection facilities, including low NOx burners and NH3-SCR systems for waste gas treatment[55]. - No administrative penalties were imposed on the company during the reporting period for environmental issues[60]. Corporate Governance - The company has committed to maintaining operational independence and compliance with regulatory requirements in its business practices[63]. - The company guarantees the independence of its assets and financial management following the completion of a major asset restructuring, ensuring no mixed operations with the controlling group[66]. - The company will ensure compliance with relevant laws and regulations regarding the management of related party transactions and external guarantees[65]. - The controlling group will respect the company's independent legal status and operational autonomy[67]. Strategic Initiatives - The company is focusing on digital transformation to enhance operational efficiency and improve customer service through data analysis and automation[30]. - The company aims to continue expanding its digital factory initiatives to support business data integration and operational efficiency[30]. - The company plans to optimize product structure and enhance sales performance in the second half of 2022 to improve profitability[31]. - The company is exploring new strategies for market expansion and product development, although specific details were not disclosed in the report[84].

2022 年第一季度报告 证券代码：600800 证券简称：渤海化学 天津渤海化学股份有限公司 2022 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | | | | 变动幅度(%) | | | 营业收入 | 852,677,506.43 | | -7.01 | | 归属于上市公司股东的净利润 | -64,571,944.96 | | -198.11 | | 归属于上市公司股东的扣除非经常性 | -58,724,0 ...

Financial Performance - The net profit attributable to the parent company for 2021 was ¥187,792,186.80, with an opening retained earnings of -¥599,125,666.14 and a closing retained earnings of -¥435,943,339.42, indicating a negative retained earnings situation [5]. - The company decided not to distribute profits for 2021 due to negative retained earnings, which does not meet the conditions for cash dividends [5]. - The company's operating revenue for 2021 was approximately ¥4.25 billion, representing a 55.29% increase compared to ¥2.73 billion in 2020 [21]. - The net profit attributable to shareholders was approximately ¥187.79 million, a slight increase of 0.95% from ¥186.02 million in 2020 [21]. - The net profit after deducting non-recurring gains and losses decreased by 36.94% to approximately ¥159.97 million from ¥253.69 million in 2020 [21]. - The cash flow from operating activities was approximately ¥326.19 million, down 10.95% from ¥366.29 million in 2020 [21]. - Basic earnings per share for 2021 were ¥0.16, a decrease of 15.79% compared to ¥0.19 in 2020 [22]. - The weighted average return on equity decreased to 6.55%, down 1.29 percentage points from 7.84% in 2020 [22]. - The total assets at the end of 2021 were approximately ¥4.87 billion, an increase of 3.06% from ¥4.72 billion at the end of 2020 [21]. - The net assets attributable to shareholders increased by 6.20% to approximately ¥2.95 billion from ¥2.77 billion in 2020 [21]. - The company reported non-recurring gains of approximately ¥27.82 million in 2021, compared to a loss of ¥67.67 million in 2020 [26]. Risks and Challenges - The company faces financial risks, market competition risks, and fluctuations in material and labor costs, as detailed in the management discussion and analysis section [7]. - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties [7]. - The company has not violated decision-making procedures for providing guarantees to external parties [7]. - The company anticipates challenges in 2022 due to economic uncertainties, with the propylene market transitioning from supply shortage to balance and potential oversupply [85]. - The company faces macroeconomic volatility risks, particularly from the ongoing COVID-19 pandemic and rising international commodity prices, which could impact profitability [88]. - Financial risks are heightened due to increased uncertainty in domestic and international markets, particularly regarding exchange rate fluctuations affecting raw material costs [90]. Corporate Governance - The company is committed to maintaining a robust corporate governance structure, ensuring compliance with relevant laws and regulations to protect shareholder interests [92]. - The company has established a clear governance framework with defined roles and responsibilities among its board, supervisory board, and management, enhancing decision-making efficiency [94]. - The company has a supervisory board consisting of five members, ensuring compliance with legal and regulatory requirements [95]. - The company has implemented strict insider information registration management to prevent insider trading, effectively avoiding violations [95]. - The company adheres to fair and transparent principles in dealing with stakeholders, respecting the rights of creditors, employees, suppliers, and customers [95]. - The company has revised its related party transaction management system to ensure fairness and prevent profit transfer [96]. - The corporate governance structure is compliant with the regulations set by the China Securities Regulatory Commission [96]. - The company held multiple shareholder meetings in 2021 to approve various financial and operational proposals, including the annual financial budget and related party transactions [97]. Strategic Development - The company has outlined its future plans and development strategies, which are subject to known and unknown risks and uncertainties [6]. - The company has not updated its forward-looking statements, emphasizing the importance of investor awareness regarding investment risks [6]. - The company plans to enhance its revenue structure and profitability by optimizing its product mix and expanding the downstream propylene industry chain [86]. - The company is actively pursuing market expansion and strategic acquisitions, as evidenced by the proposal to purchase equity in Tianjin Zhongchao Paper Industry Co., Ltd. [122]. - The company aims to produce 600,000 tons of propylene in 2022, targeting a revenue of 4.4 billion yuan [87]. Research and Development - The company filed 16 patent applications and received 21 patents in the reporting period, indicating a strong focus on innovation [34]. - Research and development expenses rose by 68.97% to CNY 70,816,917.11, reflecting increased investment in innovation [44]. - The total R&D investment accounted for 1.67% of operating revenue, reflecting the company's commitment to innovation [57]. - The number of R&D personnel is 112, accounting for 13.11% of the total workforce [58]. Environmental Compliance - The company reported a total wastewater discharge of 124,900 tons in 2021, which is within the permitted annual discharge limit of 125,700 tons [136]. - The company emitted 331 tons of nitrogen oxides, 21.3 tons of sulfur dioxide, and 34.8 tons of particulate matter, all within the allowable limits [136]. - The company has implemented pollution prevention measures in construction projects, ensuring compliance with environmental regulations during design, construction, and operation phases [137]. - The company has developed a comprehensive wastewater collection and treatment system, ensuring compliance with environmental standards [136]. - The company has committed to maintaining the independence of its management and financial operations post-restructuring [147]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 46,583, a decrease from 46,925 at the end of the previous month [185]. - The largest shareholder, Tianjin Bohai Chemical Group Co., Ltd., holds 391,135,219 shares, representing 32.99% of the total shares, with 195,000,000 shares pledged [187]. - The second largest shareholder, Tianjin Global Magnetic Card Group Co., Ltd., holds 171,731,347 shares, representing 14.48% of the total shares, with 43,000,000 shares pledged [187]. - The company has no strategic investors or general legal entities becoming top 10 shareholders during the reporting period [191]. - The actual controller of the company is the Tianjin Municipal Government State-owned Assets Supervision and Administration Commission [193].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 1,218,188,330.28, representing a year-on-year increase of 17.71%[5] - The net profit attributable to shareholders for Q3 2021 was CNY 30,350,763.75, a decrease of 79.16% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was CNY 30,103,583.43, down 79.23% year-on-year[5] - The basic earnings per share for Q3 2021 was CNY 0.0256, a decline of 82.38% compared to the previous year[6] - The diluted earnings per share for Q3 2021 was also CNY 0.0256, reflecting the same percentage decrease of 82.38%[6] - Operating profit for the first three quarters of 2021 was ¥185,727,395.15, up from ¥137,912,420.73 in the previous year, reflecting a growth of 34.6%[20] - Net profit attributable to shareholders of the parent company for Q3 2021 was ¥117,497,463.46, compared to ¥37,509,201.51 in Q3 2020, marking an increase of 213.5%[20] - The company reported a total comprehensive income of ¥115,147,929.39 for Q3 2021, compared to ¥36,357,080.96 in Q3 2020, indicating a growth of 216.5%[21] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to CNY 4,985,692,150.18, an increase of 5.58% from the end of the previous year[6] - The equity attributable to shareholders at the end of Q3 2021 was CNY 2,890,958,687.02, up 4.24% from the previous year-end[6] - The company's total assets as of September 30, 2021, amount to 4,985,692,150.18 RMB, an increase from 4,722,196,586.44 RMB at the end of 2020[16] - Current assets total 2,287,144,728.93 RMB, up from 1,855,116,674.88 RMB year-over-year[16] - The total liabilities amount to 2,094,733,463.16 RMB, compared to 1,948,881,087.56 RMB in the previous year[17] - The company’s total liabilities and shareholders' equity reached ¥4,985,692,150.18, up from ¥4,722,196,586.44 in the previous year, reflecting a growth of 5.6%[18] Cash Flow - The cash flow from operating activities for the year-to-date period was CNY -102,647,374.72, a decrease of 113.99%[6] - The company reported a net cash flow from operating activities of -¥102,647,374.72 for the first three quarters of 2021, a decline from ¥733,778,860.37 in the same period of 2020[24] - The net cash flow from financing activities was -85,365,399.26 RMB, compared to -697,991,265.79 RMB in the previous year, indicating an improvement[25] - The total cash and cash equivalents at the end of the period decreased to 646,874,287.93 RMB from 156,123,855.69 RMB year-over-year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 47,438[12] - The largest shareholder, Tianjin Bohai Chemical Group Co., Ltd., holds 391,135,219 shares, accounting for 32.99% of total shares[12] - The company has a pledged shareholding of 55,300,000 shares by Hebei HNA Petrochemical New Materials Co., Ltd.[12] Strategic Initiatives - The company attributed the decline in net profit to a significant increase in raw material prices during the reporting period[10] - The company is focusing on market expansion and new product development as part of its strategic initiatives[12] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥57,785,224.47, significantly higher than ¥20,524,820.65 in the previous year, indicating an increase of 180.5%[19] Operating Costs - The company incurred a total operating cost of ¥2,894,124,799.35 in the first three quarters of 2021, which is an increase of 75.2% from ¥1,652,484,418.83 in the same period of 2020[19]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,874,923,935.34, representing a 141.64% increase compared to ¥775,921,661.65 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥87,146,699.71, a significant recovery from a loss of ¥108,096,065.18 in the previous year[19]. - The total profit reached 129.78 million yuan, an increase of 256.21 million yuan year-on-year, with a net profit attributable to shareholders of the listed company amounting to 87.15 million yuan, marking a turnaround from loss to profit with an increase of 195.24 million yuan[29]. - The basic earnings per share for the first half of 2021 was ¥0.07, compared to a loss of ¥0.12 in the same period last year[20]. - The weighted average return on net assets increased to 3.09% from -5.67% in the previous year[20]. - The total comprehensive income for the first half of 2021 was CNY 84,844,975.36, compared to a loss of CNY -109,199,588.27 in the same period of 2020[106]. - The company's total equity attributable to shareholders increased to ¥2,860,065,224.20 from ¥2,773,315,498.88, marking an increase of about 3%[102]. - The company reported a profit distribution of CNY -384,556,049.88, indicating a loss allocation to shareholders[127]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥95,320,903.07, down 26.03% from ¥128,858,966.08 in the same period last year[19]. - Operating cash inflow for the first half of 2021 was CNY 2,179,172,497.05, a significant increase from CNY 1,005,047,187.41 in the same period of 2020, representing a growth of approximately 117.3%[111]. - The net cash flow from operating activities for the first half of 2021 was CNY 95,320,903.07, compared to CNY 128,858,966.08 in the first half of 2020, indicating a decrease of about 26%[112]. - The ending cash and cash equivalents balance as of June 30, 2021, was CNY 612,569,229.67, compared to CNY 126,385,590.80 at the end of June 30, 2020, showing a significant increase[112]. - The company's cash and cash equivalents were approximately ¥709.11 million, down from ¥868.81 million, a decrease of about 18.3%[96]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,925,302,470.67, an increase of 4.30% from ¥4,722,196,586.44 at the end of the previous year[19]. - The total liabilities increased significantly, with accounts payable rising by 163.03% to CNY 514,447,920.23, reflecting increased raw material purchases[37]. - The total liabilities as of June 30, 2021, were ¥2,065,237,246.47, compared to ¥1,948,881,087.56 at the end of 2020, reflecting an increase of approximately 6%[102]. - The company's total liabilities decreased to CNY 2,860,065,224.20, indicating improved financial health[124]. Operational Efficiency and Strategy - The company focused on enhancing production efficiency and stability, optimizing equipment load to achieve optimal operation, and reducing production consumption[29]. - The company has a strong cost control advantage through refined management and optimization of existing resources[27]. - The company plans to continue expanding its procurement sources and optimizing costs through flexible contract and spot market strategies[31]. - The company is committed to enhancing safety and environmental standards to align with national carbon neutrality goals, despite facing substantial responsibility risks[46]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[106]. Environmental and Regulatory Compliance - The company reported a total nitrogen oxide emission of 137.664 tons, which is below the permitted limit of 591.21 tons per year[57]. - The sulfur dioxide emissions were recorded at 9.11154 tons, significantly lower than the allowed 115 tons per year[57]. - The total production wastewater discharged by the company in the first half of 2021 was 60,342 tons, within the annual permitted limit of 125,790 tons[57]. - The company has implemented a series of environmental protection measures, including the use of low NOx burners and NH3-SCR technology for emissions reduction[58]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[63]. Market Risks and Challenges - The company faces significant market risks due to reliance on major customers and potential slow market adoption of new products and technologies[45]. - The company anticipates a challenging market environment in the second half of 2021 due to potential oversupply in propylene production and weak downstream demand for polypropylene[45]. - The outlook for the third quarter indicates that propylene prices are expected to remain high, while a decline is anticipated in the fourth quarter due to the release of new production capacity[30]. Shareholder and Corporate Governance - The company has committed to maintaining the independence of its operations and not interfering with the decision-making of the listed company[68]. - The company guarantees the independence of its senior management and financial operations, ensuring no interference from the parent group[72]. - The company has pledged to compensate for any losses incurred due to violations of independence commitments[72]. - The total planned related party procurement amount for 2021 is CNY 212.25 million, while the planned related party sales amount is CNY 762 million, totaling CNY 974.25 million for annual related party transactions[78]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[76]. Research and Development - R&D expenses surged by 329.09% to CNY 49,755,679.10, indicating a significant increase in investment in new technologies[32]. - The company is actively involved in research and development of IoT technologies and applications[140]. - Research and development expenses for the first half of 2021 were ¥49,755,679.10, significantly higher than ¥11,595,500.24 in the same period of 2020, indicating an increase of approximately 328%[104]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no significant doubts about the company's ability to continue operations for the next 12 months[145]. - The company adheres to the accounting policies and estimates related to bad debt provisions, fixed asset depreciation, intangible asset amortization, and revenue recognition[147]. - The company recognizes and measures identifiable assets and liabilities at fair value during business combinations, with any excess of cost over fair value recognized as goodwill[152]. - The company confirms its compliance with the enterprise accounting standards, ensuring that financial statements reflect a true and complete view of its financial status[148].