Financial Performance - Operating revenue for Q1 2023 was ¥1,841,015,233.58, down from ¥2,166,542,937.89 in Q1 2022, representing a decrease of approximately 15.03%[13] - Net profit for Q1 2023 was ¥349,502,352.27, compared to ¥334,229,540.94 in Q1 2022, indicating an increase of about 4.56%[13] - Total operating revenue for Q1 2023 was ¥1,449,334,855.84, a decrease of 31.5% compared to ¥2,116,445,418.54 in Q1 2022[29] - Net profit for Q1 2023 reached ¥429,164,662.39, an increase of 12.6% from ¥381,311,863.56 in Q1 2022[30] - Net profit attributable to shareholders for Q1 2023 was CNY 426,197,735.36, representing an increase of 12.29% year-over-year[36] - The company's cash inflow from operating activities totaled CNY 1,335,878,860.76, while cash outflow was CNY 1,128,255,280.11, resulting in a net cash flow of CNY 207,623,580.65[36] Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,209,190,814.48, an increase of 6.05% compared to the end of the previous year[2] - Total liabilities increased to ¥6,003,413,586.40 in Q1 2023, up from ¥5,552,252,604.54 in Q1 2022, reflecting a growth of 8.1%[29] - The total assets of the company as of March 31, 2023, amounted to CNY 5,991,674,698.68, an increase from CNY 5,358,964,037.37 at the end of 2022[44] - The total liabilities increased to ¥3,793,721,331.29 from ¥3,268,973,752.99, marking an increase of approximately 16.0%[48] - Total liabilities increased to $6,251,438,227.62 from $5,871,307,673.17, indicating a rise in financial obligations[57] Shareholder Equity - Equity attributable to shareholders of the listed company was ¥8,852,531,703.06, reflecting a growth of 5.79% year-over-year[2] - Total equity rose to ¥8,507,279,265.29 in Q1 2023, compared to ¥8,101,114,089.32 in Q1 2022, marking an increase of 5.0%[29] - Owner's equity increased to $8,957,752,586.86 from $8,470,172,209.28, showing a positive trend in shareholder value[57] Cash Flow - Cash and cash equivalents at the end of the period totaled ¥2,064,726,601.07, slightly up from ¥2,050,883,388.72 at the end of the previous year[15] - The net cash flow from operating activities for Q1 2023 was CNY 207,623,580.65, down 36.90% from the previous year[36] - The cash flow from operating activities generated a net amount of ¥273,084,974.66, compared to ¥312,111,372.41 in the previous period, showing a decrease of approximately 12.5%[54] - The cash flow from operating activities inflow totaled ¥1,313,061,557.89, down from ¥1,997,130,261.68, a decrease of about 34.3%[54] Expenses - The company reported a decrease in operating costs to ¥1,629,364,103.95 from ¥1,865,426,792.83 in the previous year, a reduction of approximately 12.66%[13] - Total operating costs for Q1 2023 were ¥1,267,001,344.01, down 33.0% from ¥1,892,324,356.47 in Q1 2022[29] - The company reported a decrease in sales expenses to ¥14,301,150.93 in Q1 2023 from ¥19,039,224.33 in Q1 2022, a reduction of 25.0%[30] - Research and development expenses for Q1 2023 were ¥8,459,584.15, a slight decrease from ¥8,750,802.19 in Q1 2022[13] - Research and development expenses were ¥9,205,544.33 in Q1 2023, slightly down from ¥9,800,132.57 in Q1 2022[30] Investments - Investment activities generated a net cash inflow of ¥214,706,656.54, a significant improvement from a net outflow of ¥258,788,109.93 in the same period last year[15] - The company received other cash related to investment activities amounting to ¥127,018,411.79, compared to ¥60,000,000.00 in the previous year[15] - The company recognized government subsidies of CNY 27,389,645.46 during the reporting period, primarily related to research projects and high-quality development rewards[38] - The company reported investment income cash receipts of CNY 426,600,000.00 for Q1 2023, significantly higher than CNY 188,919,143.00 in the same period last year[36] - Cash inflow from investment activities totaled $556,008,411.79, an increase from $248,919,143.00 in the previous period[55] Other Financial Metrics - The weighted average return on equity for Q1 2023 was 4.9469%, a decrease of 0.4337 percentage points compared to the previous year[36] - Basic earnings per share for Q1 2023 were CNY 0.3199, reflecting a 4.40% increase compared to the same period last year[36] - The basic earnings per share rose to ¥0.3199 from ¥0.3064, indicating an increase of about 4.5%[48] - The company's long-term equity investments increased to CNY 3,022,260,553.19 from CNY 2,842,899,380.42 year-over-year[44] - The deferred income tax liabilities increased to $21,696,738.45 from $19,456,389.02, indicating a rise in tax obligations[57]

Financial Performance - Revenue for 2022 was 7.735 billion yuan, a decrease of 5.96% compared to 2021[12] - Net profit attributable to shareholders of the listed company in 2022 was 1.548 billion yuan, an increase of 81.45% compared to 2021[12] - Revenue decreased by 5.96% to RMB 7,735,424,755.12, primarily due to a reduction in trade business[51] - Net profit attributable to shareholders in Q1 was 379,549,126.76 RMB, Q2 was 408,604,556.80 RMB, Q3 was 465,031,424.50 RMB, and Q4 was 294,659,870.68 RMB[95] - The company achieved a net profit of 1,417,899,904.73 RMB in 2022, with distributable profits of 2,584,030,546.86 RMB[104] - Basic earnings per share for 2022 were 1.1617 RMB, a 66.89% increase compared to 2021[113] - Weighted average return on equity (ROE) for 2022 was 20.4443%, an increase of 6.1946 percentage points from 2021[113] - Revenue for the reporting period was 7.735 billion yuan, a decrease of 5.96% year-on-year[118] - Net profit attributable to shareholders of the parent company was 1.548 billion yuan, an increase of 81.45% year-on-year[118] - Total assets reached 14.341 billion yuan, a year-on-year increase of 2.83%[133] - Net profit attributable to shareholders was 1.548 billion yuan, a year-on-year increase of 81.45%[133] Product Sales and Production - Sales of electrode foil in new infrastructure fields such as 5G, new energy vehicles, and gallium nitride reached over 12 million square meters, showing significant growth compared to the previous year[18] - High-voltage product sales in electronic aluminum foil reached 22,000 tons, achieving a certain level of growth year-on-year[18] - Sales of 5N and above ultra-high-purity aluminum products exceeded 900 tons, with 4N and above products accounting for 78% of total production, 3 percentage points higher than the industry average[18] - The company successfully developed 6N ultra-high-purity aluminum products, filling a domestic gap[18] - Sales of high-purity aluminum decreased by 9.49% to 33,191.40 tons, while production increased by 9.74% to 76,350.68 tons[54] - Sales of electronic aluminum foil decreased by 15.36% to 17,867.20 tons, with production decreasing by 2.38% to 28,572.54 tons[54] - Sales of alloy products increased by 2.46% to 81,398.96 tons, while production decreased by 3.56% to 82,787.86 tons[54] - Electrode foil product sales revenue was 1.645 billion yuan, a decrease of 0.4%, with sales volume of 21.2654 million square meters, a decrease of 16.87%[155] - Electronic aluminum foil product sales revenue was 786 million yuan, a decrease of 3.71%, with sales volume of 17,900 tons, a decrease of 9.49%[155] - High-purity aluminum product sales revenue was 880 million yuan, an increase of 1.34%, with sales volume of 33,200 tons, a decrease of 9.49%[155] - Alloy product sales revenue was 1.729 billion yuan, an increase of 11.68%, with sales volume of 81,400 tons, an increase of 2.46%[155] - Aluminum product sales revenue was 1.027 billion yuan, an increase of 2.99%, with sales volume of 55,500 tons, a decrease of 6.2%[155] R&D and Innovation - The company successfully developed 6N ultra-high-purity aluminum products, filling a domestic gap[18] - The company developed and optimized new products such as ZHG1 alloy rods and high-conductivity rods, with ZHG1 alloy rods achieving batch trials of 200 tons and high-conductivity rods supplying approximately 14,000 tons[18] - R&D expenses increased significantly by 76.92% to RMB 60,025,054.53, driven by increased R&D investment[51][67] - The number of R&D personnel is 494, accounting for 18.52% of the total company headcount[68] - The age structure of R&D personnel: 132 under 30 years old, 213 aged 30-40, 97 aged 40-50, 50 aged 50-60, and 2 aged 60 and above[68] - The company emphasized innovation and achieved significant results in major R&D projects[98] - R&D investment totaled 582.6194 million yuan, accounting for 7.53% of operating revenue[142] - The company successfully developed high-capacity and high-bend organic acid forming technology for electrode foil, achieving mass production and promotion in new energy, 5G, and photovoltaic applications[148] - R&D expenditure was 582.6194 million yuan, all of which was expensed, with 60.0251 million yuan included in administrative expenses and 522.5943 million yuan included in production costs[171] Market and Industry Trends - The automotive industry is a significant pillar of China's economy, with each electric vehicle requiring at least 4 high-voltage, large-capacity aluminum electrolytic capacitors for battery charging, voltage conversion, and inverter circuits[28] - The demand for aluminum electrolytic capacitors in digital TVs is approximately double that of traditional TVs[28] - The company's electronic materials business is supported by national policies, including the "Industrial and Information Technology Ministry's Notice on Accelerating 5G Development" and the "New Materials Industry Development Guide"[42] - Emerging industries like new energy vehicles and 5G commercial technology are driving new demand growth for electronic new materials[191] - The average spot price of aluminum in 2022 was 20,006 yuan/ton, an increase of 5.6% year-on-year[124] - Production of new energy vehicles in 2022 was 7.003 million units, an increase of 90.5% year-on-year[124] - Production of solar cells (photovoltaic cells) in 2022 was 340 million kilowatts, an increase of 46.8% year-on-year[124] - Domestic sales of home appliances in 2022 were 730.72 billion yuan, a decrease of 9.5% year-on-year[124] - Export value of home appliances in 2022 was 568.16 billion yuan, a decrease of 10.9% year-on-year[124] Environmental and Sustainability - The company invested 15.86 million yuan in environmental protection during the reporting period[196] - The company's total emissions during the reporting period were: sulfur dioxide: 255.92 tons, nitrogen oxides: 278.99 tons, particulate matter: 32.33 tons, fluoride: 0.90 tons, ammonia nitrogen: 16.31 tons, and COD: 59.66 tons[198] - The company completed the renovation of unorganized emissions from primary high-purity aluminum production, reducing dust emissions by over 1,200 tons[199] - The company has obtained environmental impact assessment approvals for several new projects, including the high-performance high-purity aluminum clean production project and the energy-saving and carbon-reduction circular economy aluminum-based new materials industrialization project[200] Cash Flow and Dividends - Net cash flow from operating activities in 2022 was 1.073 billion yuan, an increase of 55.80% compared to 2021[12] - Net cash flow from operating activities increased by 55.80% to RMB 1,072,602,967.02[51] - The company declared a cash dividend of 3.50 yuan per 10 shares, totaling 472,508,699.25 yuan, which represents 30.53% of the net profit attributable to ordinary shareholders[181] - The company received 1.195482 billion yuan in tax refunds, an increase of 171.70%, mainly due to an increase in VAT refunds[172] - The company received 2.238443 billion yuan in other operating-related cash, an increase of 91.20%, mainly due to an increase in government subsidies[172] - The company paid 4.826206 billion yuan in various taxes, an increase of 41.60%, mainly due to increased profits and higher income tax and VAT payments[172] Assets and Investments - Total assets at the end of 2022 were 14.341 billion yuan, an increase of 2.83% compared to the end of 2021[13] - The company's equity attributable to shareholders of the listed company at the end of 2022 was 8.368 billion yuan, an increase of 22.33% compared to the end of 2021[13] - Long-term equity investment increased by 56.09% to 2.84 billion yuan, accounting for 19.82% of total assets[70] - Other non-current assets increased by 76.08% to 219.43 million yuan, mainly due to increased prepayments for construction projects[70] - Undistributed profits increased by 67.83% to 2.85 billion yuan, accounting for 19.84% of total assets[71] - Total assets at the end of 2022 were 14.341 billion yuan, with current assets of 5.359 billion yuan and non-current assets of 8.983 billion yuan[76] - The company invested 75.159 million yuan in external investments, primarily for the capital increase and expansion project of Xinjiang Tianchi Energy Co., Ltd[79] - Notes receivable decreased by 59.16% to 461.25 million yuan, accounting for 3.22% of total assets[70] - Prepayments decreased by 45.26% to 346.24 million yuan, mainly due to reduced prepayments for bulk commodity alumina purchases[70] - Contract liabilities decreased by 50.89% to 77.20 million yuan, mainly due to reduced advance payments for alloy products and aluminum products[71] Operational Efficiency and Costs - Operating costs decreased by 9.93% to RMB 6,420,682,643.48[51] - Direct material costs for electronic new materials increased by 19.53% to RMB 285,391.04, accounting for 76.71% of total costs[56] - Direct material costs for aluminum products increased significantly by 44.56% to RMB 127,337.58, accounting for 95.90% of total costs[56][65] - Income tax expenses surged by 761.42% to RMB 74,553,600, driven by increased profits[67] - Gross margin for electronic aluminum foil increased by 4.79 percentage points to 39.06%[135] - Gross margin for high-purity aluminum increased by 9.54 percentage points to 24.71%[135] - Domestic sales revenue decreased by 5.50% to 7.368 billion yuan, with gross margin increasing by 3.82 percentage points[135] Industry Position and Competitive Landscape - The company has an annual production capacity of 55,000 tons of high-purity aluminum liquid and 35,000 tons of electronic aluminum foil, making it one of the largest high-purity aluminum R&D and production bases globally[32] - The company's high-purity aluminum and high-voltage electronic aluminum foil products dominate the domestic market and have significantly expanded internationally, with a stable customer base and pricing power[32] - The company is the only domestic enterprise capable of mass-producing ultra-high-purity aluminum sputtering target blanks with a purity of 99.9999% (6N)[131] - The aluminum electronic new materials industry is highly concentrated, with only a few companies like Xinjiang Joinworld, Baotou Aluminum, and Tianshan Aluminum capable of large-scale production of high-purity aluminum[190] - Xinjiang Joinworld is the only company capable of large-scale production and stable supply of high-purity aluminum sputtering target blanks[190] - The global electrode foil industry is highly competitive, with major players including Japan's JCC, Dongyang Sunshine, Xinjiang Joinworld, Haixing Stock, and Huafeng Stock[190] - The aluminum and alloy products industry is fragmented, with major producers including Chalco, Yunnan Aluminum, Mingtai Aluminum, Jiaozuo Wanfang, Xinjiang Joinworld, and Minfa Aluminum[190] Strategic Initiatives and Future Plans - The company invested in the construction of high-performance high-purity aluminum clean production projects and energy-saving and carbon-reducing circular economy aluminum-based new material industrialization projects[150] - The company completed the construction of a big data platform for high-purity aluminum, with production, inventory, safety, equipment, and quality management modules launched for trial operation[149] - The company's complete industrial chain allows for effective utilization of product scraps, reducing costs and ensuring product quality consistency[49] - The company's energy sector investment in Tianchi Energy helps mitigate the impact of rising coal prices on electricity costs[49] - The company obtained 6,000 tons of green aluminum orders through low-carbon green aluminum certification[118] - The company completed the registration of 2.66 million restricted shares and 5.27 million stock options as part of its 2021 equity incentive plan[184] - A total of 6,440,400 restricted shares were released from lock-up and became tradable on November 15, 2022[184] - The company repurchased and canceled 40,000 restricted shares from two incentive recipients who did not meet the conditions for unlocking[184] - The company's 2*150MW cogeneration units are subject to special emission limits, while other production lines comply with aluminum industry pollution emission standards[187] - The company holds a 14.22% stake in Xinjiang Tianchi Energy Co., Ltd., which reported a net profit of 695,535,480 yuan in 2022[189]

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,719,390,421.61, a decrease of 21.16% compared to the same period last year[7]. - Net profit attributable to shareholders for Q3 2022 was ¥465,031,424.50, an increase of 73.47% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥471,107,447.70, reflecting an 85.16% increase compared to the same period last year[7]. - The basic earnings per share for Q3 2022 was ¥0.3603, up 65.05% year-on-year[8]. - The diluted earnings per share for Q3 2022 was ¥0.3584, an increase of 64.18% compared to the same period last year[8]. - Total operating revenue for the first three quarters of 2022 was CNY 5,951,926,178.75, a decrease of 3.6% compared to CNY 6,173,997,019.73 in the same period of 2021[20]. - Net profit for the first three quarters of 2022 was CNY 1,265,716,102.51, an increase of 112.5% compared to CNY 594,340,867.35 in 2021[21]. - Earnings per share (EPS) for the first three quarters of 2022 was CNY 0.9452, up from CNY 0.4954 in the same period of 2021[22]. - The total comprehensive income for Q3 2022 was CNY 1,118,358,007.47, compared to CNY 310,651,192.15 in Q3 2021, indicating a significant increase of about 259.5%[29]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥14,372,681,386.92, representing a 3.05% increase from the end of the previous year[8]. - The equity attributable to shareholders at the end of Q3 2022 was ¥7,992,593,163.74, a 16.84% increase compared to the end of the previous year[8]. - Total liabilities decreased to RMB 6,280,243,576.53 from RMB 7,009,181,870.95, showing a reduction in financial obligations[19]. - The total liabilities as of Q3 2022 amounted to CNY 5,912,840,128.78, down from CNY 6,694,510,310.58 in the previous year, showing a decrease of about 11.7%[28]. - The total assets of the company reached CNY 13,619,201,069.72, an increase from CNY 13,399,307,511.20 in the previous year[25]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥937,927,845.33, an increase of 39.63% year-on-year[8]. - The net cash flow from operating activities for the first three quarters of 2022 was CNY 937,927,845.33, an increase of 39.7% compared to CNY 671,721,899.88 in the same period of 2021[23]. - Cash inflow from investment activities totaled CNY 779,102,463.40, significantly up from CNY 345,144,949.26 year-on-year[24]. - The net cash flow from financing activities was negative at CNY -899,792,130.08, compared to a positive CNY 450,923,195.40 in the previous year[24]. - The company's cash and cash equivalents at the end of the period reached ¥1,581,894,331.74, an increase from ¥1,412,272,663.77 year-over-year[31]. Investment and Expenses - The company reported a significant increase in investment income due to the profit growth of its associate company, Xinjiang Tianchi Energy Co., Ltd.[10]. - Research and development expenses increased to CNY 38,494,948.30, up 64.5% from CNY 23,367,506.53 in the previous year[21]. - The company's long-term equity investments rose to RMB 2,485,628,779.26 from RMB 1,821,354,387.62, highlighting an increase in strategic investments[17]. - The company's financial expenses decreased to CNY 87,335,873.20 in Q3 2022 from CNY 145,368,997.16 in Q3 2021, showing a reduction of approximately 40.0%[28]. - Cash paid for investments was ¥95,159,143.00, significantly higher than ¥9,029,787.32 in the same period last year, indicating a rise of approximately 951%[31].

Financial Performance - In 2021, the company achieved a total operating revenue of ¥8,225,544,266.08, representing a 43.88% increase compared to ¥5,717,109,694.39 in 2020[17] - The net profit attributable to shareholders of the listed company for 2021 was ¥853,042,091.77, a significant increase of 142.97% from ¥351,089,370.45 in 2020[17] - The net profit after deducting non-recurring gains and losses was ¥930,673,629.98, up 192.72% from ¥317,939,334.23 in the previous year[17] - The net cash flow from operating activities reached ¥688,439,373.73, an increase of 124.27% compared to ¥306,973,034.43 in 2020[17] - By the end of 2021, the net assets attributable to shareholders of the listed company were ¥6,840,709,765.68, a 42.30% increase from ¥4,807,141,443.75 at the end of 2020[17] - Total assets at the end of 2021 amounted to ¥13,947,114,662.58, reflecting a 19.06% increase from ¥11,713,868,702.45 in 2020[17] Dividend and Shareholder Returns - The company plans to distribute cash dividends of ¥1.90 per 10 shares, totaling ¥256,006,922.45, subject to shareholder approval[3] - The company reported a year-end retained earnings balance of ¥1,307,920,632.60 to be carried forward for future distribution[3] - The company does not plan to increase capital reserves for share distribution in 2021[3] - The company distributed cash dividends totaling 112,717,594.00 RMB, which represents 32.11% of the net profit attributable to shareholders for the year[141] - The company has implemented a cash dividend policy that emphasizes stable returns to shareholders, with a plan for continuous and sustainable profit distribution[141] Sales and Market Performance - Sales volume of electronic aluminum foil and electrode foil increased by 16.15% and 48.76% respectively, reaching 21,000 tons and 25.5794 million square meters[27] - In 2021, the sales revenue of the company's electrode foil products reached 1.652 billion yuan, a year-on-year increase of 56.77%, with a sales volume of 25.5794 million square meters, up 48.76%[45] - The sales revenue of electronic aluminum foil products was 817 million yuan, reflecting a year-on-year growth of 26.45%, with a sales volume of 21,100 tons, an increase of 16.15%[45] - The sales revenue of high-purity aluminum products amounted to 869 million yuan, marking a year-on-year increase of 27.91%, with a sales volume of 36,700 tons, up 2.92%[45] - The growth in sales volume and revenue for electrode foil, electronic aluminum foil, and high-purity aluminum is primarily driven by the increasing demand for aluminum foil materials in the new energy and consumer electronics markets[45] Production and Capacity - The company is focusing on expanding production capacity and adjusting product structure to meet the growing demand in the new energy sector[27] - The company is expanding its production capacity with a new project aimed at producing 15 million square meters of high-pressure high-performance aluminum foil annually[67] - The company has a production capacity of 180,000 tons for primary high-purity aluminum, 55,000 tons for high-purity aluminum liquid, 35,000 tons for electronic aluminum foil, and 23 million square meters for electrode foil[94] - The production model is based on an "order-based production" approach, aligning production with customer orders and operational plans[51] Research and Development - The company plans to enhance its R&D efforts in high-performance aluminum alloy products for various industries, including 5G communication and aerospace[28] - Total research and development expenses amounted to 50,183.34 million yuan, representing 6.10% of operating revenue[76] - The company has 421 R&D personnel, accounting for 16% of the total workforce[77] - R&D expenditure for the reporting period was CNY 50.18 million, with CNY 3.39 million classified as R&D expenses and CNY 46.79 million included in production costs[80] Environmental and Social Responsibility - The company implemented energy-saving projects that resulted in a total electricity savings of 40 million kWh/year and a reduction of over 11,000 tons of carbon dioxide emissions[158] - The company purchased 120 million kWh of renewable energy, saving 148,900 tons of standard coal and reducing carbon dioxide emissions by 739,000 tons[158] - The company has developed an emergency response plan for environmental incidents, which has been approved and filed with the environmental protection bureau[154] - The company actively promotes energy-saving processes in its production lines, contributing to the overall reduction of carbon emissions[158] - A total of CNY 24,200 was awarded in scholarships to impoverished students from 20 villages and Akbag Primary School[160] Corporate Governance and Compliance - The company is committed to maintaining a robust corporate governance structure to ensure compliance and protect shareholder rights[105] - The company held a total of 5 extraordinary general meetings and 1 annual general meeting during the reporting period, all of which were conducted legally and effectively[110] - The company has no recent penalties from regulatory bodies, indicating compliance with industry standards[126] - The company and its major shareholder maintained good integrity, complying with national laws and regulations, with no significant debts overdue[171] Strategic Initiatives and Future Outlook - The company plans to achieve a revenue of 9 billion yuan and control operating costs within 7.5 billion yuan for 2022[98] - The company aims to enhance its market share in high-performance aluminum alloy products, particularly in aerospace applications[97] - The company is focusing on expanding its market presence through value marketing and collaborative innovation with domestic and international clients[98] - The company will focus on technological innovation in energy conservation, new energy, and aerospace, targeting key technologies such as high-purity aluminum three-layer energy-saving technology and lightweight aluminum alloy materials for automobiles[99]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥4,232,535,757.14, representing a 5.99% increase compared to ¥3,993,193,437.67 in the same period last year[18]. - Net profit attributable to shareholders was ¥788,153,683.56, a significant increase of 144.49% from ¥322,365,046.94 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥747,530,615.76, up 154.00% from ¥294,311,131.40 year-on-year[18]. - The net cash flow from operating activities was ¥796,422,176.26, an increase of 133.98% compared to ¥340,373,847.32 in the same period last year[18]. - Basic earnings per share for the first half of 2022 were ¥0.5849, up 111.08% from ¥0.2771 in the same period last year[18]. - The company reported a significant increase in diluted earnings per share to ¥0.5822, a rise of 112.25% from ¥0.2743 year-on-year[18]. - The company achieved a significant increase in cash flow from operating activities, with a net cash flow of approximately ¥796.42 million, up 133.98% year-on-year[44]. - The total comprehensive income for the first half of 2022 was CNY 876,651,371.53, compared to CNY 320,344,820.5 in the first half of 2021, representing an increase of approximately 174%[121]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥13,978,248,768.61, a slight increase of 0.22% from ¥13,947,114,662.58 at the end of the previous year[18]. - Total current assets decreased to ¥5,964,758,058.48 from ¥6,451,157,268.11, a decline of approximately 7.5%[106]. - Total liabilities decreased to ¥6,336,331,180.36 from ¥7,009,181,870.95, a reduction of approximately 9.6%[110]. - The total owner's equity at the end of the reporting period is CNY 6,077,887,968.52, an increase from CNY 4,715,015,618.18 at the end of the previous year[145]. Production and Market Position - In the first half of 2022, the demand for aluminum electrolytic capacitors continued to be strong, benefiting from national strategic emerging industries such as new energy and photovoltaics, with the electronic information manufacturing industry increasing by 10.2% year-on-year[26]. - The company's main products include high-purity aluminum, electronic aluminum foil, and electrode foil, which are essential for the production of aluminum electrolytic capacitors[28]. - The company is positioned within the electronic information products sector, specifically in the manufacturing of capacitor aluminum foil materials, which is a key area of national strategic development[24]. - The company is actively pursuing opportunities in the high-performance aluminum alloy market, which is accelerating its domestic production process[26]. - The company has established stable raw material supply channels and long-term partnerships with key suppliers, primarily sourcing alumina and coal[29]. Research and Development - Research and development expenses increased by 37.50% to approximately ¥20.69 million, driven by investments in electrode foil and high-purity aluminum projects[44]. - The company has obtained 9 invention patents and 6 utility model patents during the reporting period, reflecting its commitment to innovation[31]. - The company successfully developed a 6N ultra-high purity aluminum product, filling a domestic gap in the aerospace sector[41]. - The company has a strong technical foundation with over 200 patents and proprietary technologies, ensuring its competitive edge in the market[31]. Environmental and Regulatory Compliance - The company emitted a total of 117.92 tons of sulfur dioxide, 138.75 tons of nitrogen oxides, and 33.47 tons of particulate matter during the reporting period, all below the national emission standards[68]. - The company implemented energy-saving measures expected to save 12.25 million kWh of electricity and approximately 2,500 tons of standard coal in the first half of 2022, resulting in a reduction of carbon emissions by 252,000 tons[74]. - The company’s commitment to comply with national laws and regulations has been maintained, with no significant legal violations reported during the reporting period[81]. Shareholder and Governance Information - The company has conducted two temporary shareholder meetings and one annual meeting during the reporting period, ensuring compliance with governance procedures[60]. - The company granted 2.75 million restricted shares and 5.41 million stock options to 101 incentive targets as part of its equity incentive plan approved on June 29, 2022[65]. - The number of ordinary shareholders as of the end of the reporting period was 61,415, with the largest shareholder, Tebian Electric Apparatus Stock Co., Ltd., holding 32.30% of the shares[97]. Financial Instruments and Accounting Policies - The company recognizes identifiable assets and liabilities at fair value when acquiring a business, ensuring reliable measurement of economic benefits[159]. - The company assesses whether it has power over an investee by considering factors such as voting rights and contractual arrangements[160]. - The company applies the equity method for investments in joint ventures, recognizing its share of assets and liabilities[165]. - The company confirms that cash equivalents are short-term investments that are easily convertible to known amounts of cash[166]. Future Plans and Strategies - The company plans to increase its annual production capacity by 30%-50%, adding 23,000 tons of high-purity aluminum, 16,000 tons of electronic aluminum foil, and 720 million square meters of corrosion foil[36]. - The company plans to enhance its market expansion strategies and invest in new product development[143].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥4,232,535,757.14, representing a 5.99% increase compared to ¥3,993,193,437.67 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached ¥788,153,683.56, a significant increase of 144.49% from ¥322,365,046.94 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥747,530,615.76, up 154.00% from ¥294,311,131.40 year-on-year[19]. - The net cash flow from operating activities was ¥796,422,176.26, which is a 133.98% increase compared to ¥340,373,847.32 in the same period last year[19]. - Basic earnings per share for the first half of 2022 were ¥0.5849, an increase of 111.08% from ¥0.2771 in the same period last year[19]. - The diluted earnings per share were ¥0.5822, up 112.25% from ¥0.2743 year-on-year[19]. - The weighted average return on net assets increased to 10.8359%, up 4.6477 percentage points from 6.1882% in the previous year[19]. Production and Sales - The production of alumina and electrolytic aluminum reached 40.204 million tons and 19.68 million tons, with year-on-year growth of 2.3% and 0.7% respectively[26]. - The company operates in the electronic information products industry, specifically in the manufacturing of aluminum foil materials for capacitors, which is a key component in the electronics sector[24]. - The demand for aluminum electrolytic capacitors remains strong, driven by the rapid development of new energy and storage industries, providing significant market opportunities[26]. - The company’s sales strategy focuses on direct sales, primarily in the domestic market, with supplementary exports[29]. - The electronic information manufacturing industry saw a value-added growth of 10.2% in the first half of 2022, outperforming the overall industrial growth rate[26]. Research and Development - Research and development expenses increased by 37.50% to approximately CNY 20.69 million, driven by investments in electrode foil, high-purity aluminum, and alloy projects[44]. - The company has a strong R&D capability with 15 software copyrights and nearly 200 patents, reinforcing its technological advantage in the industry[34]. - The company successfully developed a 6N ultra-high-purity aluminum product, filling a domestic gap in the aerospace materials sector[40]. - The company implemented a quality improvement action plan in 2022, resulting in a comprehensive product yield increase for electronic aluminum foil, electrode foil, and high-purity aluminum products[41]. Investments and Financial Health - The company reported an investment income of 405 million CNY from its stake in Tianchi Energy, which primarily engages in coal production and sales[34]. - The company reported a 216.76% increase in investment income, amounting to approximately CNY 412.73 million, primarily due to increased profits from its investment in Tianchi Energy[45]. - The total amount of external equity investments made by the company during the reporting period was CNY 95,159,143, which includes CNY 20,000,000 for the registered capital of its wholly-owned subsidiary Hainan Xin Aluminum Technology Co., Ltd. and CNY 75,159,143 for the capital increase of Tianchi Energy[50]. - The company has established a comprehensive cost control mechanism to mitigate the pressure from rising raw material prices[43]. Environmental and Social Responsibility - The company emitted a total of 117.92 tons of sulfur dioxide, 138.75 tons of nitrogen oxides, and 33.47 tons of particulate matter during the reporting period[71]. - The company implemented energy-saving measures expected to save approximately 12.25 million kWh of electricity and about 2,500 tons of standard coal in the first half of 2022[76]. - The company reduced its carbon emissions by a total of 252,000 tons during the reporting period through energy-saving and structural adjustments[76]. - The company has established pollution prevention facilities that are operating normally and in compliance with environmental standards[72]. Corporate Governance and Compliance - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in the report[19]. - The company is committed to not engaging in any business that competes with its own, as per commitments made by major shareholders[80]. - The company has not faced any administrative penalties for environmental issues during the reporting period[75]. - The company’s financial report was approved by the board of directors on August 23, 2022, ensuring compliance with regulatory requirements[147]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 61,415[99]. - The largest shareholder, TBEA Co., Ltd., held 32.30% of the shares, totaling 435,268,740 shares[99]. - The company reported no significant related party transactions during the period[94]. - The company had no outstanding guarantees or contingent liabilities at the end of the reporting period[95].

证券代码：600888 证券简称：新疆众和 编号：临 2022-030 号 新疆众和股份有限公司 关于参加 2022 年新疆辖区投资者网上集体 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 担法律责任。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，公司定于 2022 年 6 月 24 日参加由新疆上市公司协会联合深圳市全景网络有限公司组织开展的 2022 年新 疆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： 本次集体接待日活动将在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，投资者可以登录全景网"投资者关系互动平台"网站 （http://ir.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参 与公司本次投资者集体接待日活动，活动时间为 2022 年 6 月 24 日（星期五）下 午 15:00-17:00。 出席本次集体接待日的人员有：公司董事长、总经理孙健先生，董事、财务 总监陆旸先生， ...

Financial Performance - The company's operating revenue for Q1 2022 was CNY 2,116,445,418.54, representing a year-on-year increase of 16.73%[6] - Net profit attributable to shareholders was CNY 379,549,126.76, showing a significant increase of 162.04% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY 384,644,378.84, reflecting a growth of 187.82% year-on-year[6] - Basic earnings per share were CNY 0.3064, up by 114.27% year-on-year[6] - Diluted earnings per share were CNY 0.3048, representing an increase of 115.56% compared to the same period last year[8] - The company's net profit attributable to shareholders for Q1 2022 was ¥2,098,739,407.06, compared to ¥1,719,190,280.29 in Q1 2021, representing a growth of 22.08%[20] - Net profit for the first quarter of 2022 reached CNY 381,311,863.56, a significant increase from CNY 145,398,077.52 in the same period of 2021, representing a growth of approximately 162.5%[23] - Total revenue from operating activities in Q1 2022 was CNY 2,088,258,533.77, compared to CNY 1,740,985,290.81 in Q1 2021, indicating an increase of about 20%[26] - Operating profit for the first quarter of 2022 was CNY 410,403,655.86, significantly higher than CNY 148,007,324.05 in the same quarter of 2021, indicating an increase of about 177.7%[23] - The company’s total comprehensive income for Q1 2022 was CNY 375,779,520.89, compared to CNY 154,377,226.48 in Q1 2021, indicating an increase of about 143.5%[24] Cash Flow and Liquidity - The net cash flow from operating activities reached CNY 329,063,873.66, an increase of 240.05% compared to the previous year[6] - Cash flow from operating activities generated a net amount of CNY 329,063,873.66 in Q1 2022, compared to CNY 96,770,424.37 in Q1 2021, reflecting a growth of approximately 240%[26] - The net cash flow from financing activities was 165,439,711.35 CNY, compared to a negative cash flow of -209,492,199.61 CNY in the previous year[27] - Cash and cash equivalents at the end of the period increased to 2,050,883,388.72 CNY, up from 1,237,705,475.73 CNY year-over-year[27] - The total cash inflow from financing activities was 400,000,000.00 CNY, slightly up from 398,444,399.36 CNY in the same period last year[27] - The net increase in cash and cash equivalents for the period was 235,131,933.10 CNY, compared to a decrease of -66,542,654.42 CNY in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,312,865,503.85, a 2.63% increase from the end of the previous year[8] - Total assets reached ¥14,312,865,503.85 as of March 31, 2022, up from ¥13,945,794,658.54 at the end of 2021, reflecting a growth of 2.63%[19] - Total liabilities decreased to ¥6,945,311,444.44 from ¥7,009,027,469.34 at the end of 2021, showing a reduction of 0.91%[20] - The company’s equity attributable to shareholders increased to ¥7,268,511,856.08 as of March 31, 2022, compared to ¥6,839,544,163.25 at the end of 2021, an increase of 6.29%[20] Expenses and Investments - Total operating costs for Q1 2022 were ¥1,892,324,356.47, up from ¥1,743,022,874.44 in Q1 2021, reflecting a year-on-year increase of 8.49%[20] - Research and development expenses rose to CNY 9,800,132.57 in Q1 2022, up from CNY 5,905,405.01 in Q1 2021, reflecting a growth of approximately 66.5%[23] - The company reported investment income of CNY 165,660,498.13 in Q1 2022, a substantial increase from CNY 65,615,471.02 in Q1 2021, marking an increase of about 152%[23] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 7,268,511,856.08, reflecting a year-on-year increase of 6.27%[8] - The company distributed dividends and interest payments totaling 37,720,288.65 CNY, down from 161,514,387.15 CNY year-over-year[27]

Financial Performance - In 2021, the company achieved operating revenue of ¥8,225,544,266.08, representing a 43.88% increase compared to ¥5,717,109,694.39 in 2020[18] - The net profit attributable to shareholders was ¥853,042,091.77, a significant increase of 142.97% from ¥351,089,370.45 in the previous year[18] - The net profit after deducting non-recurring gains and losses reached ¥930,673,629.98, up 192.72% from ¥317,939,334.23 in 2020[18] - The net cash flow from operating activities was ¥688,439,373.73, an increase of 124.27% compared to ¥306,973,034.43 in 2020[18] - By the end of 2021, the net assets attributable to shareholders amounted to ¥6,839,544,163.25, reflecting a 42.62% increase from ¥4,795,695,267.72 at the end of 2020[18] - Total assets reached ¥13,945,794,658.54, which is a 19.19% increase from ¥11,700,453,905.94 in the previous year[18] - Basic earnings per share increased by 100.84% to CNY 0.6961 in 2021 compared to CNY 0.3466 in 2020[20] - The weighted average return on net assets rose by 6.64 percentage points to 14.25% in 2021 from 7.61% in 2020[20] Dividend and Capital Management - The company plans to distribute a cash dividend of ¥1.90 per 10 shares, totaling ¥256,006,922.45, subject to shareholder approval[3] - The company does not plan to increase capital reserves through stock conversion in 2021[3] Production and Sales - Sales volume of electronic aluminum foil and electrode foil reached 21,000 tons and 25.58 million square meters, respectively, with year-on-year growth of 16.15% and 48.76%[28] - The company achieved a net cash flow from operating activities of CNY 16,717,473.85 in Q4 2021, indicating strong cash generation capabilities[21] - In 2021, the sales revenue of the company's electrode foil products reached 1.652 billion yuan, an increase of 56.77% year-on-year, with a sales volume of 25.5794 million square meters, up 48.76%[45] - The sales revenue of electronic aluminum foil products was 817 million yuan, reflecting a year-on-year growth of 26.45%, with a sales volume of 21,100 tons, increasing by 16.15%[45] - The high-purity aluminum products generated sales revenue of 869 million yuan, marking a 27.91% increase year-on-year, with a sales volume of 36,700 tons, up 2.92%[45] Research and Development - The company is actively engaged in R&D for high-capacity and high-voltage electrode foil products, targeting the energy storage and electric vehicle markets[29] - Total research and development expenses amounted to 50,183.34 million RMB, representing 6.10% of operating revenue[76] - The company has 421 R&D personnel, accounting for 16% of the total workforce[77] - R&D expenses for the reporting period amounted to 501.83 million RMB, with 33.93 million RMB classified as R&D costs and 467.91 million RMB included in production costs[80] Market Strategy and Expansion - The company is focusing on expanding its market share in high-capacity, high-bend, long-life, and energy-saving electrode foil products for fast charging, new energy, and major equipment markets[98] - The company is actively pursuing market expansion and strategic partnerships to enhance customer collaboration and product value[98] - The company plans to achieve a revenue of 9 billion CNY in 2022, with a cost control target of 7.5 billion CNY[98] Environmental and Social Responsibility - The company implemented energy-saving projects that resulted in a total electricity savings of 40 million kWh/year and a reduction of over 11,000 tons of carbon dioxide emissions[158] - The company purchased 1.21 billion kWh of renewable energy, saving 148,900 tons of standard coal and reducing carbon dioxide emissions by 739,000 tons[158] - A total of CNY 24,200 was awarded in scholarships to impoverished students from 20 villages and Akbag Primary School[160] - The company organized consumption poverty alleviation activities, purchasing 20 tons of Dolan Tuguo and 20 tons of apricots to increase the income of disadvantaged groups[160] Corporate Governance - The company has established a robust corporate governance structure to ensure compliance and protect shareholder rights, with clear responsibilities among the board and management[105] - The company held a total of 5 extraordinary general meetings and 1 annual general meeting during the reporting period, all of which were conducted legally and effectively[110] - The company has established an audit committee, which includes independent directors, to enhance oversight and accountability[132] Related Party Transactions - The company reported a total of 131,740.04 million RMB in related party transactions during the reporting period[175] - The company purchased raw materials, including thermal coal, from its largest shareholder, accounting for 58.21% of similar transactions, totaling 17,410.99 million RMB[172] - The company has established pricing principles for related party transactions based on market prices, ensuring fair and transparent dealings[173] Risk Management - The company faces market risks due to potential economic fluctuations affecting demand for aluminum products, and plans to enhance product competitiveness through cost reduction and marketing strategies[103] - The company is exposed to commodity price risks, particularly in aluminum pricing, and will engage in hedging and product structure adjustments to mitigate impacts on profitability[103]

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,180,803,582.06, representing a 41.11% increase compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2021 was ¥268,072,509.20, a significant increase of 152.36% year-over-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥254,438,201.78, up 98.31% from the previous year[7]. - The basic earnings per share for Q3 2021 was ¥0.2183, reflecting a 64.63% increase compared to the same period last year[8]. - The company reported a 58.59% increase in operating revenue year-to-date, primarily due to increased sales of electrode foil and alloy products[11]. - The company’s net profit attributable to shareholders for the year-to-date was ¥590,437,556.14, reflecting a 145.52% increase year-over-year[7]. - The total profit for the third quarter of 2021 was approximately CNY 597.87 million, compared to CNY 243.82 million in the same period of 2020, representing a significant increase[25]. - The net profit attributable to shareholders of the parent company reached CNY 590.44 million, up from CNY 240.48 million year-over-year, indicating a growth of approximately 145%[25]. - The basic and diluted earnings per share for the third quarter were CNY 0.4954, compared to CNY 0.2374 in the previous year, reflecting a year-over-year increase of about 108.8%[26]. - Total comprehensive income for the third quarter was CNY 361.53 million, compared to CNY 238.79 million in the prior year, marking an increase of approximately 51.5%[26]. Assets and Liabilities - The total assets attributable to shareholders at the end of the reporting period were ¥13,232,917,150.60, a 13.10% increase from the end of the previous year[8]. - Total assets as of the third quarter of 2021 amounted to ¥13,232,917,150.60, compared to ¥11,700,453,905.94 at the end of the previous year, an increase of about 13.1%[21]. - Total liabilities were reported at ¥6,815,811,251.74, slightly up from ¥6,808,332,370.40, indicating a marginal increase of 0.1%[21]. - The company's equity attributable to shareholders reached ¥6,321,626,708.58, compared to ¥4,795,695,267.72 in the previous year, marking an increase of approximately 31.7%[21]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥671,721,899.88, showing a remarkable increase of 292.38% compared to the previous year[8]. - Cash flow from operating activities generated a net inflow of CNY 671.72 million, a substantial increase from CNY 171.19 million in the same quarter of 2020[28]. - The company reported cash inflows from financing activities of CNY 2.18 billion, a decrease from CNY 2.81 billion in the same quarter of the previous year[28]. - The cash outflow from investment activities was CNY 946.89 million, compared to CNY 202.59 million in the same period of 2020, indicating increased investment activity[28]. - The company received CNY 72.63 million in cash from investment income, up from CNY 31.47 million year-over-year, showing a growth of approximately 130.9%[28]. - The company’s operating cash inflow totaled CNY 5.78 billion, compared to CNY 4.37 billion in the same quarter of 2020, reflecting a growth of about 32.3%[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 68,297[13]. - The largest shareholder, TBEA Co., Ltd., holds 435,268,740 shares, accounting for 32.83% of total shares[13]. - The second-largest shareholder, Yunnan Bowin Technology Industry Co., Ltd., holds 93,348,275 shares, representing 7.04%[13]. - The company has no pledged, marked, or frozen shares among the top ten shareholders[13]. - There are no significant related party transactions among the top ten shareholders, except for the relationship between TBEA Co., Ltd. and Xinjiang Honglian Venture Capital Co., Ltd.[13]. Operational Costs and Expenses - Operating costs for the third quarter of 2021 were ¥5,418,884,687.11, compared to ¥3,340,992,686.11 in the previous year, indicating an increase of about 62.0%[23]. - Research and development expenses for the third quarter of 2021 were ¥23,367,506.53, a slight decrease from ¥24,896,596.57 in the same quarter of 2020[23]. Other Financial Metrics - Deferred income tax assets increased to ¥75,178,157.95 from ¥34,535,863.66, showing a growth of approximately 117.0%[21]. - The company reported a significant increase in contract liabilities, which rose to ¥254,395,129.55 from ¥131,572,469.11, representing a growth of about 93.3%[21]. - The company's cash and cash equivalents as of September 30, 2021, amount to ¥2,440,201,298.86, an increase from ¥1,494,865,334.28 at the end of 2020[19]. - Accounts receivable increased to ¥515,747,113.93 from ¥380,790,058.65 year-over-year[19]. - Inventory decreased to ¥1,161,191,079.50 from ¥1,364,520,779.46 year-over-year[19]. - Total current assets as of September 30, 2021, are ¥6,038,797,002.92, up from ¥4,852,211,267.77 at the end of 2020[19]. - Long-term equity investments increased to ¥1,561,402,755.32 from ¥1,332,657,931.68 year-over-year[19].