Financial Performance - The company's operating income for 2022 was CNY 519,890,628.84, representing a 10.70% increase compared to CNY 469,635,934.59 in 2021[21]. - The net revenue after deducting non-operating income was CNY 488,501,223.45, which is a 10.32% increase from CNY 442,788,359.09 in the previous year[21]. - The company reported a net loss attributable to shareholders of CNY -176,719,702.08, compared to a loss of CNY -164,710,719.26 in 2021[21]. - The net profit attributable to shareholders was CNY 1,052,667,612.07, a decrease of 14.36% compared to CNY 1,229,214,837.77 in the previous year[23]. - The total assets decreased by 8.91% to CNY 1,923,622,110.67 from CNY 2,111,754,822.99 in the previous year[23]. - The basic earnings per share were -CNY 0.48, compared to -CNY 0.45 in the previous year[24]. - The diluted earnings per share were also -CNY 0.48, consistent with the basic earnings per share[24]. - The cash flow from operating activities showed a net outflow of CNY -78,024,930.79, compared to CNY -88,943,868.42 in the previous year[22]. - The company reported a total revenue of CNY 147,295,353 in Q4, with a net profit attributable to shareholders of CNY -88,025,368[26]. - The company reported a total revenue of 600 million for the year, with a year-on-year increase of 10%[106]. - The company reported a revenue of 1.2 billion in 2022, representing a year-over-year growth of 15%[108]. - The company reported a revenue of 1.2 billion in Q4 2022, representing a year-over-year growth of 15%[110]. Corporate Governance - The board of directors decided not to distribute profits or increase capital from reserves for the year[5]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has not disclosed any future plans or strategic commitments that could be considered as guarantees to investors[6]. - The audit report issued by Tianzhi International Accounting Firm was a standard unqualified opinion[4]. - The company has not faced any penalties from securities regulatory agencies in the past three years[119]. - The company has not reported any objections from directors regarding company matters[125]. - The company has established various specialized committees under the board, including the audit committee and the strategic committee[125]. - The company has not faced any delisting risk or bankruptcy reorganization issues during the reporting period[169]. - The company has no significant violations or penalties against its directors, supervisors, or senior management during the reporting period[170]. Risk Management - The company has detailed potential risks in the management discussion and analysis section of the report[7]. - The company faces risks related to product quality, market competition, raw material price fluctuations, and environmental regulations[98]. - The company has established a risk control department and internal audit mechanisms to ensure compliance with laws and regulations[139]. Research and Development - The company has initiated 10 R&D projects, including 3 major technological innovation projects, and has applied for 12 patents, with 9 granted[35]. - The company has established a new materials research institute in December 2021 to enhance R&D capabilities[66]. - The company holds a total of 96 valid authorized patents, including 10 invention patents[81]. - The company is investing 100 million in R&D for new technologies aimed at enhancing product efficiency[108]. - Research and development expenses increased by 25%, totaling 150 million, to support new technology initiatives[106]. - The number of R&D personnel is 64, accounting for 5.38% of the total workforce[64]. Production and Operations - The annual production of viscose staple fiber reached 28,527 tons, with two production halts totaling 135 days affecting an estimated 19,000 tons of output[33]. - The production of viscose staple fiber reached 28,527 tons with a sales revenue of CNY 348.88 million, achieving a sales rate of 100%[44]. - The company maintained an average daily production of over 130 tons for viscose staple fiber, despite market challenges[44]. - The production volume of viscose staple fiber decreased by 15.04%, while sales volume decreased by 1.24%[54]. - The company’s viscose staple fiber production capacity is 80,000 tons per year, indicating a strong position in the industry[77]. - The company is currently constructing a new solvent-based cellulose fiber (Lyocell) project with a planned capacity of 100,000 tons per year, expected to be operational by mid-2023[77]. Environmental Responsibility - The company has established an environmental protection mechanism and is classified as a key pollutant discharge unit, with no exceedances reported in 2022[141]. - In 2022, the company reported zero emissions for major pollutants including solvent volatile waste gas, drying waste gas, and hydrogen chloride, complying with relevant environmental standards[144]. - The company has implemented pollution prevention facilities, which are currently operational, ensuring compliance with environmental regulations[149]. - The company has developed an environmental self-monitoring plan, which has been approved and is being executed regularly[152]. - The company has greened an area of 38,940 square meters as part of its ecological protection efforts[154]. Market Expansion and Strategy - The company plans to accelerate the construction of a 40,000-ton lyocell fiber project, expected to begin trial production in the first half of 2023[47]. - The company is expanding its market presence in Southeast Asia, targeting a revenue contribution of 30% from this region by 2025[106]. - The company plans to enhance its competitive edge by increasing the production of high-value-added products and expanding its research and development efforts in new materials[95]. - The company is exploring partnerships with local firms to enhance distribution channels, aiming for a 15% increase in sales through these collaborations by 2024[111]. Financial Commitments and Investments - The company has a total guarantee amount of RMB 599,000,000, which accounts for 52.89% of the company's net assets[177]. - The company provided guarantees totaling RMB 699,000,000 to subsidiaries during the reporting period[177]. - The company has a cumulative loan amount of RMB 155,137,334.40 for the lyocell short fiber project as of December 31, 2022[183]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 200 million allocated for potential deals[108]. Shareholder Information - The largest shareholder, Nanjing New Industry Investment Group, holds 35.41% of the shares, totaling 129,709,768 shares[189]. - The company has 24,084 ordinary shareholders as of the end of the reporting period[187]. - The total shares held by the top ten unrestricted shareholders include 129,709,768 shares by Nanjing New Industry Investment Group Co., Ltd. and 24,000,000 shares by Nanjing Light Textile Industry (Group) Co., Ltd.[190].

Financial Performance - The company's operating revenue for Q3 2022 was ¥102,750,807.94, representing a year-on-year increase of 10.27%[4] - The net profit attributable to shareholders was -¥33,619,800.27, a significant decrease of 1,028.50% compared to the same period last year[4] - The basic earnings per share for the quarter was -¥0.09, reflecting a decrease of 1,028.50% year-on-year[4] - Total operating revenue for the first three quarters of 2022 reached ¥372,595,275.60, an increase from ¥350,480,746.58 in the same period of 2021, representing a growth of approximately 6.4%[20] - The net profit for the first three quarters of 2022 was a loss of ¥98,145,721.67, compared to a profit of ¥124,407,218.27 in the same period of 2021[21] - The total comprehensive income for the first three quarters of 2022 was a loss of ¥100,262,094.62, compared to a gain of ¥122,262,998.31 in the same period of 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,039,868,375.76, down 3.40% from the end of the previous year[5] - The company's equity attributable to shareholders decreased by 7.26% to ¥1,139,992,439.65 compared to the end of the previous year[5] - The company's total liabilities as of the end of the third quarter of 2022 amounted to ¥816,369,953.86, an increase from ¥767,493,719.38 at the end of the previous year[22] - The total equity attributable to shareholders decreased to ¥1,139,992,439.65 from ¥1,229,214,837.77 year-over-year[22] Cash Flow - Cash flow from operating activities was not applicable, with a cumulative cash flow of -¥58,773,249.46 year-to-date[4] - Cash inflow from operating activities for the first three quarters of 2022 was approximately $300.24 million, a decrease of 28% compared to $416.08 million in the same period of 2021[24] - Cash outflow from operating activities in Q3 2022 was approximately $359.01 million, down from $462.76 million in Q3 2021, resulting in a net cash flow from operating activities of -$58.77 million[25] - The ending cash and cash equivalents balance for Q3 2022 was approximately $24.66 million, a decrease from $101.90 million at the end of Q3 2021[26] - The company experienced a net decrease in cash and cash equivalents of approximately $44.16 million in Q3 2022, compared to a decrease of $57.31 million in Q3 2021[26] Accounts Receivable and Inventory - Accounts receivable increased by 65.63% due to higher sales this year, leading to a corresponding increase in receivables[9] - Accounts receivable increased to CNY 37,409,583.02 from CNY 22,585,794.58, marking an increase of about 65.5%[15] - Inventory levels rose to CNY 214,934,758.75, compared to CNY 166,121,812.14, reflecting an increase of approximately 29.3%[15] Research and Development - Research and development expenses decreased by 44.17% as material inputs for R&D were reduced[9] - Research and development expenses for the first three quarters of 2022 were ¥8,167,333.94, down from ¥14,629,522.45 in the same period of 2021, reflecting a decrease of approximately 44.3%[20] Borrowings - Short-term borrowings increased to CNY 9,000,000.00 from CNY 2,714,654.07, indicating a significant rise in short-term debt[17] - The company's long-term borrowings increased to ¥178,044,928.18 from ¥103,435,289.16 year-over-year, indicating a significant rise of approximately 71.9%[22] Legal and Corporate Actions - The company has initiated litigation against Daqing Oilfield Feima Co., Ltd. and Shanghai Zhengyun Enterprise Management Consulting Partnership regarding unpaid performance compensation, with the cases yet to be heard due to pandemic impacts[14] - The company has completed the establishment of its wholly-owned subsidiary, Jiangsu Lingyue New Materials Technology Co., Ltd.[14] - The company has fully utilized the raised funds according to relevant regulations and plans, and has decided to cancel the special account for raised funds[14] Cash Management - The company reported a significant increase in tax refunds received, totaling approximately $72.58 million in the first three quarters of 2022, compared to $6.34 million in the same period of 2021[24] - The company paid approximately $101.46 million for the acquisition of fixed assets and intangible assets in Q3 2022, compared to $256.89 million in Q3 2021[25] - The company received approximately $59 million from investment recoveries in Q3 2022, down from $216.79 million in Q3 2021[25]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 269,844,467.66, representing a 4.88% increase compared to CNY 257,298,051.93 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was a loss of CNY 55,074,532.93, a decrease of 146.60% from a profit of CNY 118,197,704.93 in the previous year[22]. - The net cash flow from operating activities was a negative CNY 10,994,473.07, an improvement from a negative CNY 59,769,245.29 in the same period last year[22]. - The total assets decreased by 4.94% to CNY 2,007,342,620.91 from CNY 2,111,754,822.99 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 4.51% to CNY 1,173,832,718.98 from CNY 1,229,214,837.77 at the end of the previous year[22]. - The basic earnings per share for the first half of 2022 was -CNY 0.15, a decrease of 146.60% compared to CNY 0.32 in the same period last year[23]. - The weighted average return on net assets was -4.58%, a decrease of 11.45 percentage points from 6.87% in the previous year[24]. - The total comprehensive income for the first half of 2022 was a loss of RMB 64,606,355.40, compared to a gain of RMB 108,139,587.00 in the first half of 2021[99]. - The company reported a total comprehensive income of -1,457.32 million, indicating a significant decline compared to the previous period[112]. Revenue and Costs - Operating costs increased by 17.58%, reaching ¥252,617,548.62, primarily due to higher sales costs of short fibers[38]. - The sales revenue for viscose staple fiber reached CNY 208.67 million with total sales of 18,326 tons by the end of June[29]. - The average selling price of PET core materials decreased by approximately 44%, from CNY 5,152/cubic meter in the first half of last year to CNY 2,865/cubic meter in the first half of this year[29]. - Total operating costs rose to RMB 341,777,728.58, up 16.4% from RMB 293,525,261.78 in the same period last year[97]. Investment and Financing Activities - The company completed the conversion of ¥160 million debt into registered capital for Jiangsu Yueke to enhance its financing capabilities[34]. - Cash inflow from financing activities was CNY 55,093,997.46, compared to CNY 20,372,829.98 in the first half of 2021, showing an increase of 170.5%[105]. - The net cash flow from financing activities was CNY 9,849,948.08, a significant improvement from negative CNY 5,597,086.09 in the same period last year[105]. - The company has agreed to convert a debt of ¥160 million into an equity investment in its wholly-owned subsidiary, Jiangsu Yueke New Materials Co., Ltd.[78]. Research and Development - Research and development expenses decreased by 45.84% to ¥5,146,600.81, attributed to reduced investment in material development at Jiangsu Yueke[38]. - A total of 10 R&D projects were included in the annual plan with a total budget of ¥22,170,000, focusing on bio-based materials and foam materials[34]. - The company has established a partnership with Nanjing University of Technology, formalized through a cooperation framework agreement[34]. Environmental Compliance - The company reported no exceedances in wastewater discharge for the first half of 2022, with a total COD discharge of 0 tons and ammonia nitrogen discharge of 0 tons[54]. - The company maintained compliance with air pollution standards, with no exceedances in emissions of volatile organic compounds and other pollutants during the same period[56]. - The company has established environmental monitoring plans that have been approved and are being implemented regularly[65]. - The company has developed emergency response plans for environmental incidents, which have been reviewed and filed with environmental authorities[64]. - The company’s wastewater discharge from Jiangsu Jinling was within permissible limits, with COD concentration at 16.46 mg/L and ammonia nitrogen at 0.37 mg/L for the first half of 2022[58]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 26,726[81]. - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 129,709,768 shares, accounting for 35.41% of total shares[83]. - The company has a total of 9,122.90 million shares outstanding, with no changes reported in the share structure[133]. Strategic Initiatives - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[110]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[110]. - The company aims to improve its operational efficiency through technological advancements and innovation in product offerings[110]. Financial Reporting and Governance - The financial statements are prepared based on the assumption of going concern, indicating no significant factors affecting the company's ability to continue operations in the next 12 months[151]. - The company adheres to the latest accounting standards issued by the Ministry of Finance, ensuring accurate reflection of financial status and results[152]. - The company’s ultimate controlling party is the Nanjing Municipal Government State-owned Assets Supervision and Administration Commission[146].

Financial Performance - The company's operating revenue for Q1 2022 was ¥133,601,398.09, representing a decrease of 3.76% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥31,554,241.24, a decline of 126.89% year-over-year[5] - The basic and diluted earnings per share were both -¥0.09, reflecting a decrease of 126.89% compared to the previous year[5] - The weighted average return on net assets was -2.60%, a decrease of 9.85 percentage points year-over-year[5] - The net profit for Q1 2022 was a loss of ¥35,355,663.17, compared to a profit of ¥115,918,524.99 in Q1 2021[17] - The operating profit for Q1 2022 was a loss of ¥36,029,070.00, significantly down from a profit of ¥116,008,156.34 in Q1 2021[17] - The total comprehensive income for Q1 2022 was -¥36,924,378.21, compared to ¥113,783,587.37 in Q1 2021[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,091,042,424.20, down 0.98% from the end of the previous year[5] - Total liabilities decreased to ¥1,020,528,000.00 from ¥1,030,000,000.00, representing a decline of approximately 0.9%[13] - The total liabilities increased to ¥799,087,723.39 in Q1 2022, compared to ¥767,493,719.38 in Q1 2021, reflecting a growth of 4.1%[14] - The total equity attributable to shareholders decreased to ¥1,196,655,614.35 in Q1 2022 from ¥1,229,214,837.77 in Q1 2021, a decline of 2.6%[14] Cash Flow - Cash flow from operating activities was negative at -¥33,725,908.10, with no applicable year-over-year comparison[5] - In Q1 2022, the cash inflow from operating activities was CNY 69,065,041.28, an increase of 10.6% compared to CNY 62,421,090.21 in Q1 2021[20] - The net cash outflow from operating activities was CNY -33,725,908.10, improving from CNY -79,903,428.94 in the same period last year[20] - The net cash inflow from investment activities was CNY 44,109,196.67, a significant turnaround from a net outflow of CNY -36,513,049.38 in Q1 2021[22] - The cash inflow from financing activities was CNY 35,761,331.46, compared to CNY 9,547,597.49 in the previous year, reflecting increased borrowing[22] - The net cash flow from financing activities was CNY 768,322.58, an improvement from a net outflow of CNY -1,239,469.75 in Q1 2021[22] Shareholder Information - The company reported a total of 28,080 common shareholders as of the end of the reporting period[10] - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 35.41% of the shares, totaling 129,709,768 shares[10] Operational Costs - Total operating costs increased to ¥170,545,150.35 in Q1 2022, up 10.4% from ¥154,492,487.69 in Q1 2021[17] - Sales expenses rose by 41.44% due to increased after-sales costs at Shanghai Yueke[8] - Financial expenses surged by 173.09% due to a decrease in interest income[8] Current Assets - As of March 31, 2022, total current assets amounted to ¥778,528,023.11, a decrease from ¥793,000,882.61 as of December 31, 2021, representing a decline of approximately 1.8%[12] - Cash and cash equivalents increased to ¥101,855,433.99 from ¥78,924,136.84, showing a growth of approximately 29.5%[12] - Accounts receivable rose to ¥35,405,301.80 from ¥22,585,794.58, indicating an increase of about 56.7%[12] - Inventory increased to ¥180,360,740.67 from ¥166,121,812.14, reflecting an increase of approximately 8.6%[12] Research and Development - Research and development expenses for Q1 2022 were ¥2,611,527.33, up from ¥2,115,301.41 in Q1 2021, indicating a 23.4% increase[17] Product Development and Mergers - The company has not disclosed any significant new product developments or technological advancements during the reporting period[11] - There are no significant mergers or acquisitions reported in the current quarter[11]

Financial Performance - The company's operating revenue for 2021 was ¥469,635,934.59, representing a 28.33% increase compared to ¥365,967,191.74 in 2020[20] - The net profit attributable to shareholders for 2021 was -¥164,710,719.26, a decrease of 1593.24% from a profit of ¥11,030,446.01 in 2020[21] - The net cash flow from operating activities was -¥88,943,868.42 in 2021, a decline of 264.52% compared to ¥54,063,473.82 in 2020[21] - The total assets at the end of 2021 were ¥2,111,754,822.99, down 8.56% from ¥2,309,365,617.27 at the end of 2020[21] - The company's net assets attributable to shareholders decreased by 12.24% to ¥1,229,214,837.77 at the end of 2021 from ¥1,400,683,102.40 at the end of 2020[21] - The revenue after deducting non-main business income for 2021 was ¥442,788,359.09, which is a 36.21% increase from ¥325,077,327.48 in 2020[20] - The basic earnings per share for 2021 was -0.45 CNY, a decrease of 1,600% compared to 0.03 CNY in 2020[22] - The diluted earnings per share for 2021 was also -0.45 CNY, reflecting the same 1,600% decline from the previous year[22] Cash Flow and Investments - The cash flow from operating activities for the year was -79,903,428.94 CNY, indicating significant cash outflow[25] - Operating cash inflow decreased by 13.34% to ¥431.45 million, while operating cash outflow increased by 17.26% to ¥520.39 million, resulting in a net cash flow from operating activities of -¥88.94 million[54] - Investment cash inflow decreased by 28.05% to ¥456.43 million, and investment cash outflow increased by 6.10% to ¥538.23 million, leading to a net cash flow from investment activities of -¥81.80 million[54] - The company reported a significant increase in financing cash inflow by 386.05% to ¥135.08 million, primarily due to long-term loans[54] Production and Capacity - The company has a production capacity of 80,000 tons/year for viscose staple fiber as of the end of 2021[31] - The company has a production capacity of 80,000 tons/year for viscose short fibers and is constructing a new 100,000 tons/year lyocell fiber project, with the first phase of 40,000 tons expected to be operational by mid-2022[66] - The company completed the construction of the main engineering and supporting projects for the annual production of 40,000 tons of lyocell fiber, with equipment installation progressing well[35] - The company reported a significant increase in the production of viscose short fibers, with a production volume of 33,575.75 tons, reflecting a 10.15% increase year-over-year[45] Research and Development - The company established a new materials research institute to enhance R&D capabilities in eight key technology areas, including lyocell fiber production technology and flame-retardant PET foam materials[39] - R&D expenses increased significantly by 566.61% to 16.66 million RMB, reflecting higher investment in innovation and product development[42] - The company achieved a total R&D expenditure of ¥16.66 million, representing 3.55% of total revenue[51] - The company’s R&D efforts include the development of lyocell fiber production technology and energy-saving technologies[70] Market and Sales - The company reported a total revenue of 32,847.23 million RMB from domestic sales of viscose short fibers, representing a year-on-year increase of 24.56%[74] - The company achieved a revenue of 1,147.35 million RMB from domestic sales of viscose filament yarn, showing an increase from the previous year[74] - Domestic revenue amounted to ¥436.15 million, with a gross margin of 4.20%, indicating a 37.72% increase in revenue compared to the previous year[44] - The company’s foreign revenue was ¥6.64 million, with a gross margin of 31.10%, but experienced a year-over-year revenue decline of 20.85%[44] Governance and Compliance - The company has established a robust governance structure to ensure compliance and protect shareholder interests[86] - The company ensured compliance with the Shanghai Stock Exchange's disclosure rules, maintaining transparency and timely information release to all shareholders[88] - The company has not reported any major differences in governance compared to regulatory requirements[88] - The company has implemented measures to ensure the independence of its operations from its controlling shareholders[88] Environmental and Sustainability Efforts - The company is committed to green development and sustainable practices, focusing on biodegradable materials to address environmental concerns[84] - In 2021, the company reported zero emissions of major pollutants such as COD and ammonia nitrogen, adhering to environmental standards[124] - The company has maintained a zero exceedance record for wastewater and air emissions throughout 2021[125] - The company has established emergency response plans for environmental incidents, which have been reviewed and filed with environmental authorities[134] Risks and Challenges - The company recognizes the risk of product quality due to intense competition in the viscose fiber market, necessitating improvements in production quality[83] - The company faces a risk of reduced sales due to oversupply in the viscose fiber market, which may lead to price wars[83] - The company is addressing raw material risks, particularly the volatility in dissolving pulp prices, which significantly impacts profit margins[84] Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 29,587, an increase from 28,673 at the end of the previous month[170] - The largest shareholder, Nanjing New Industry Investment Group, held 129,709,768 shares, accounting for 35.41% of the total shares[172] - The company has no changes in share capital structure during the reporting period[166] - There were no significant changes in the shareholding structure or the number of shares held by major shareholders[168]

Financial Performance - The company's operating revenue for Q3 2021 was ¥93,182,694.65, a decrease of 14.17% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥3,620,864.36, down 80.94% year-on-year[6]. - The basic earnings per share were ¥0.01, reflecting an 80.94% decrease compared to the previous year[7]. - The company's total revenue for the year-to-date was ¥350,480,746.58, an increase of 42.93% year-on-year[6]. - Total operating revenue for the first three quarters of 2021 reached ¥350,480,746.58, a significant increase from ¥245,208,374.63 in the same period of 2020, representing a growth of approximately 42.8%[20]. - Net profit for the first three quarters of 2021 was ¥124,407,218.27, a turnaround from a net loss of ¥23,038,575.23 in the same period of 2020[21]. - Earnings per share for the first three quarters of 2021 were ¥0.33, compared to a loss of ¥0.061 per share in the same period of 2020[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,319,108,357.35, a slight increase of 0.42% from the end of the previous year[7]. - Total current assets as of September 30, 2021, amount to ¥805,823,322.03, a decrease from ¥1,033,198,092.01 in the previous year[17]. - Total assets as of September 30, 2021, are ¥2,319,108,357.35, slightly up from ¥2,309,365,617.27 in the previous year[17]. - Total liabilities decreased to ¥658,946,017.68 in Q3 2021 from ¥767,172,966.14 in Q3 2020, a reduction of approximately 14.2%[19]. - Total equity increased to ¥1,660,162,339.67 in Q3 2021 from ¥1,542,192,651.13 in Q3 2020, representing a growth of about 7.6%[19]. - The total liabilities included short-term borrowings of 29,402,595.30 RMB and accounts payable of 98,495,907.95 RMB[30]. - Total liabilities amounted to 767,172,966.14, with current liabilities at 622,394,381.04[31]. Cash Flow - Cash flow from operating activities showed a negative net amount of -¥46,676,275.99 for the year-to-date[7]. - Cash flow from operating activities for the first three quarters of 2021 was ¥295,505,803.35, compared to ¥191,203,094.10 in 2020, showing an increase of about 54.6%[25]. - The net cash flow from operating activities was -46,676,275.99 RMB, compared to -38,421,618.36 RMB in the previous year, indicating a decline in operational cash generation[26]. - The net cash flow from financing activities was -2,713,505.47 RMB, a decrease from a positive cash flow of 1,073,361.70 RMB in the previous year[27]. - The ending balance of cash and cash equivalents was 101,897,921.47 RMB, down from 159,205,109.20 RMB at the beginning of the period[27]. Research and Development - Research and development expenses surged by 398.65% due to the acquisition of Shanghai Yueke Company[11]. - Research and development expenses increased to ¥14,629,522.45 in the first three quarters of 2021, up from ¥2,933,809.92 in 2020, reflecting a growth of approximately 399.5%[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,098[14]. - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 129,709,768 shares, accounting for 35.41% of total shares[14]. Inventory and Financial Expenses - The company reported a significant increase in inventory by 102.87%, attributed to the rise in short fiber and PET foam material stock[11]. - Inventory has increased significantly to ¥249,868,353.33 from ¥123,168,536.68 year-over-year[17]. - The company experienced a 827.74% increase in financial expenses due to the acquisition of Shanghai Yueke Company[11]. Other Financial Metrics - The weighted average return on equity decreased to 0.88%, down 0.48 percentage points from the previous year[7]. - The company reported a significant increase in other income to ¥11,100,539.65 in the first three quarters of 2021, down from ¥24,456,722.29 in 2020[20]. - The company holds a capital reserve of 538,467,470.00, reflecting solid financial backing[31]. - Other comprehensive income stood at 9,928,615.62, contributing to overall equity[31].

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 257,298,051.93, an increase of 88.29% compared to CNY 136,647,387.14 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 118,197,704.93, a significant recovery from a loss of CNY 41,303,870.73 in the previous year[19]. - Basic earnings per share for the first half of 2021 were CNY 0.32, compared to a loss of CNY 0.11 per share in the same period last year[20]. - The weighted average return on net assets was 6.87%, a recovery from -3.02% in the previous year[20]. - The company reported a significant increase in fixed assets, with a total of ¥559,478,862.74, up 5.16% from the previous year[38]. - The company reported a net profit margin of 22.99% for the current period, compared to 39.86% in the previous period[123]. - The net profit for the first half of 2021 was ¥109,763,996.06, a turnaround from a net loss of ¥41,570,817.03 in the first half of 2020[103]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 59,769,245.29, worsening from -CNY 34,056,132.07 in the same period last year[19]. - The company's cash and cash equivalents decreased by 60.81% to ¥71,195,298.17 from ¥181,685,171.30, indicating reduced bank deposits[37]. - The cash inflow from operating activities in the first half of 2021 was CNY 258,949,419.82, an increase from CNY 177,605,400.64 in the same period of 2020[109]. - The total cash and cash equivalents at the end of the first half of 2021 stood at ¥23,035,756.27, compared to ¥6,935,565.56 at the end of the first half of 2020[113]. - The company experienced a net decrease in cash and cash equivalents of ¥7,285,149.36 for the first half of 2021, compared to a decrease of ¥28,274,820.71 in the same period of 2020[113]. Assets and Liabilities - The total assets decreased slightly by 0.87% to CNY 2,289,362,678.46 from CNY 2,309,365,617.27 at the end of the previous year[19]. - Total liabilities decreased to RMB 637,115,855.47 from RMB 767,172,966.14 at the end of 2020, reflecting improved financial stability[95]. - The total equity as of June 30, 2021, was ¥1,784,401,222.72, slightly up from ¥1,776,625,106.61 at the end of 2020[99]. - The total non-current assets increased to RMB 1,527,410,094.77 from RMB 1,276,167,525.26, reflecting ongoing investments in long-term assets[94]. Research and Development - Research and development expenses surged by 353.92% to ¥9,501,923.51 from ¥2,093,284.26, attributed to the acquisition of Shanghai Yueke Company[36]. - The company's research and development expenses for the first half of 2021 were CNY 1,126,082.91, down from CNY 1,758,069.59 in the first half of 2020[106]. - Research and development expenses increased by 5.08% compared to the previous period, highlighting the company's commitment to innovation[123]. Environmental Compliance and Risks - Environmental compliance has been maintained, with no exceedances reported for major pollutants such as COD and ammonia nitrogen in the first half of 2021[53][57]. - The company is facing risks related to environmental regulations, requiring increased capital investment to enhance equipment technology and ensure stable operation of facilities[44]. - The company established a leadership group to address environmental issues and is taking corrective actions as per the regulatory requirements[66]. Strategic Plans and Market Expansion - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares based on the total share capital of 366,346,010 shares as of the end of 2020[4]. - The company is focusing on gaining a first-mover advantage in the lyocell fiber market due to its excellent properties and significant market potential[43]. - The company plans to expand its production capacity with the ongoing Lyocell project, which has seen significant investment in construction[38]. - The company aims to enhance user engagement through improved data analytics and customer service initiatives[116]. - Future guidance indicates a projected revenue growth of 10% for the next fiscal year, driven by new market strategies[116]. Corporate Governance - The company has experienced changes in its board of directors, with two independent directors resigning and two new directors elected[49]. - The company has not reported any changes in major shareholders or strategic investors during the reporting period[88]. - There were no significant lawsuits or arbitration matters reported during the reporting period[72]. Accounting Policies - The financial statements are prepared based on the assumption of going concern, indicating no significant factors affecting the company's ability to continue operations within the next 12 months[149]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements reflect a true and complete picture of its financial status and operating results[150]. - The company’s accounting policies for mergers and acquisitions are based on the control principle, with specific methods for both same-control and non-same-control mergers[154][155].

Financial Performance - Operating revenue surged by 118.28% to CNY 138,821,882.73 compared to the same period last year[6] - Net profit attributable to shareholders reached CNY 117,337,920.58, a significant recovery from a loss of CNY 36,176,336.44 in the previous year[6] - Basic and diluted earnings per share were CNY 0.32, recovering from a loss of CNY -0.10 in the same period last year[6] - Total operating revenue for Q1 2021 was ¥138,821,882.73, a significant increase from ¥63,596,765.20 in Q1 2020, representing a growth of approximately 118%[26] - The net profit for Q1 2021 was not explicitly stated, but the increase in revenue and costs suggests a focus on growth despite rising expenses[26] - The total profit for Q1 2021 was CNY 3,305,575.32, a decline of 46% from CNY 6,162,267.04 in Q1 2020[28] - The total comprehensive income for Q1 2021 was CNY 344,243.87, significantly lower than CNY 7,597,237.38 in Q1 2020[29] Assets and Liabilities - Total assets increased by 2.75% to CNY 2,372,986,047.08 compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to RMB 2.37 billion, an increase from RMB 2.31 billion at the end of 2020[20] - Total liabilities reached CNY 767,172,966.14, with current liabilities at CNY 622,394,381.04 and non-current liabilities at CNY 144,778,585.10[39] - Total current liabilities include CNY 98,495,907.95 in accounts payable and CNY 33,738,542.43 in notes payable[39] - The company has a total of CNY 10,804,783.54 in long-term borrowings, reflecting its financing strategy[39] Shareholder Information - Net assets attributable to shareholders rose by 8.29% to CNY 1,516,782,662.18 year-on-year[6] - The total number of shareholders reached 24,287 by the end of the reporting period[12] - The top shareholder, Nanjing New Industry Investment Group, holds 35.41% of the shares, totaling 129,709,768 shares[12] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -79,903,428.94, a decline of 769.38% compared to the previous year[6] - The company reported a cash inflow from operating activities of CNY 53,942,867.26 in Q1 2021, down 30% from CNY 77,267,921.20 in Q1 2020[31] - The total cash inflow from operating activities was 31,497,693.85 RMB, while cash outflow was 56,125,723.33 RMB, leading to a net cash flow of -24,628,029.48 RMB[34] - The cash flow from financing activities showed a net outflow of -1,239,469.75 RMB, compared to -1,400,000.00 RMB in the previous year[33] Research and Development - The company reported a significant increase in R&D expenses, which rose by 74.67% to RMB 2.12 million due to the acquisition of Shanghai Yueke Company[14] - Research and development expenses for Q1 2021 were ¥2,115,301.41, up from ¥1,211,001.33 in Q1 2020, indicating an increase of approximately 75%[26] - The company is focusing on expanding its market presence and enhancing product development, as indicated by the increase in R&D spending[26] Acquisitions and Investments - The company completed the acquisition of 51.91% of Shanghai Yueke New Materials Co., Ltd., with an initial payment of RMB 236.61 million[15] - Financial expenses surged by 308.46% to RMB 255,857.90, also linked to the acquisition of Shanghai Yueke Company[14] - The company disposed of part of its biological assets, resulting in a significant gain of RMB 130.36 million[14] Other Financial Metrics - The weighted average return on equity improved by 9.87 percentage points to 7.25%[6] - Cash and cash equivalents decreased by 64.97% to RMB 63.64 million from RMB 181.69 million at the beginning of the period, attributed to reduced bank deposits[13] - The company incurred a credit impairment loss of CNY 7,509.48 in Q1 2021[27] - The company reported a tax expense of CNY 826,393.83 for Q1 2021, compared to CNY 1,015,566.76 in Q1 2020[28] Changes in Accounting Standards - The company has adopted new leasing standards effective January 1, 2021, impacting financial statement disclosures[44] - The company confirmed the recognition of right-of-use assets and lease liabilities under the new leasing standards[43]

Financial Performance - In 2020, the company's operating revenue was CNY 365,967,191.74, a decrease of 44.36% compared to CNY 657,709,337.23 in 2019[19]. - The net profit attributable to shareholders was CNY 11,030,446.01, a significant recovery from a loss of CNY 131,385,179.35 in 2019[19]. - The basic earnings per share for 2020 was CNY 0.03, recovering from a loss of CNY 0.36 per share in 2019[21]. - The weighted average return on equity improved to 0.79% in 2020 from -9.06% in 2019[21]. - The net cash flow from operating activities was CNY 54,063,473.82, a recovery from a negative cash flow of CNY -84,354,690.71 in 2019[19]. - The company achieved a non-recurring profit of ¥175,175,276.44 for the year 2020, compared to ¥101,936,404.59 in 2019, marking a year-over-year increase of approximately 72%[26]. - The company reported a net profit of 198.18 million yuan from Nanjing Jinling Biobased Fiber Co., Ltd. for the year 2020[92]. - The net profit for the year 2020 was RMB 58.79 million, achieving 97.99% of the promised net profit of RMB 60 million[108]. - The total profit for 2020 was RMB 76,211,577.59, a recovery from a total loss of RMB 156,663,031.46 in 2019[199]. Assets and Liabilities - The company's total assets increased by 19.69% to CNY 2,309,365,617.27 at the end of 2020, compared to CNY 1,929,424,138.48 at the end of 2019[20]. - The company's net assets attributable to shareholders increased by 1.02% to CNY 1,400,683,102.40 at the end of 2020[20]. - The company's total liabilities increased due to the acquisition of Shanghai Yueke Company, with other payables rising by 58.84% to 312,657,032.61 yuan[70]. - The company’s total liabilities reached ¥767,172,966.14, up from ¥531,897,375.16, indicating a growth of around 44.3%[192]. - The company’s total current assets decreased to ¥572,091,054.08 from ¥887,611,338.66, reflecting a decline of approximately 35.5%[195]. Acquisitions and Investments - The company completed the acquisition of 51.91% of Shanghai Yueke New Materials Co., Ltd. for a total consideration of RMB 389.36 million[36]. - The company completed the transfer of 100% equity in Nanjing Faber Water Treatment Co., enhancing its strategic focus on core business areas[35]. - The company paid the first installment of the equity acquisition amounting to 236.61 million yuan, acquiring a total of 51.91% equity from the counterpart[89]. - The company engaged independent asset appraisers to assess the fair value of identifiable assets and liabilities acquired in the business combination, indicating a focus on accurate valuation[180]. Production and Capacity - The company has a production capacity of 80,000 tons per year for viscose staple fiber as of the end of 2020, indicating strong manufacturing capabilities in this segment[31]. - The company is advancing the construction of a 40,000-ton Lyocell short fiber project to upgrade its viscose fiber main business[38]. - The production capacity of Shanghai Yueke's new material series is currently 60,000 cubic meters per year, with a new project under construction expected to have an annual capacity of 35,000 tons[51]. - Jiangsu Jinling produced 30,500 tons of viscose short fibers in 2020, focusing on safety and environmental protection while reducing production costs[42]. Research and Development - Research and development expenses amounted to CNY 2.50 million, a decrease of 9.70% from the previous year[57]. - The company has established two provincial-level R&D institutions, enhancing its research capabilities in fiber production technology[77]. - The company has filed for 9 patents during the year, including 3 invention patents, and received 9 authorized patents[53]. - The company has 26 valid patents, including 1 invention and 25 utility models, indicating a strong focus on R&D and innovation[78]. Environmental Compliance - The company reported no exceedances in wastewater discharge, with COD emissions at 130.74 tons and ammonia nitrogen at 1.63 tons[120]. - The company achieved zero emissions for H2S and CS2 in 2020, with all pollution control facilities operating normally[127]. - The company’s environmental credit rating for 2020 was rated blue, indicating satisfactory compliance with environmental regulations[131]. - The company has implemented a self-monitoring scheme for environmental compliance, with regular monitoring and public disclosure of data[130]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares based on the total share capital of 366,346,010 shares[5]. - The company aims to maintain a cash dividend distribution of at least 30% of the average distributable profit over the last three years[102]. - The company has established a differentiated cash dividend policy, with a minimum cash dividend ratio of 80% for mature stages without significant capital expenditure[103]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits[105]. Corporate Governance - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, ensuring compliance with governance procedures[163]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[164]. - The company has no significant related party transactions or competition with its controlling shareholder, maintaining operational independence[163]. - The audit committee confirmed that the financial statements comply with national accounting standards and accurately reflect the company's financial status and operating results[168].

2020 年第三季度报告 公司代码：600889 公司简称：南京化纤 南京化纤股份有限公司 2020 年第三季度报告 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,863,863,509.65 1,929,424,138.48 -3.40 归属于上市公司 股东的净资产 1,365,293,661.30 1,386,475,505.77 -1.53 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的 现金流量净额 -38,421,618.36 -129,914,617.56 不适用 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 245,208,37 ...