Financial Performance - The company's operating revenue for Q3 2022 was ¥1,544,479,222.69, a decrease of 12.30% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was ¥12,445,158.36, down 94.46% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥588,064.72, a decrease of 100.27% compared to the same period last year[7]. - The basic earnings per share for Q3 2022 was ¥0.0035, a decline of 95.14% year-on-year[9]. - Total operating revenue for the first three quarters of 2022 reached ¥5,296,381,070.34, an increase of 15.6% compared to ¥4,580,531,012.69 in the same period of 2021[32]. - Net profit for the first three quarters of 2022 was ¥458,143,383.25, a decrease of 21.7% from ¥585,095,084.78 in the same period of 2021[32]. - Basic earnings per share for the first three quarters of 2022 were ¥0.13, down from ¥0.19 in the previous year[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥8,662,987,386.86, a decrease of 5.07% compared to the end of the previous year[9]. - Current assets decreased to ¥1,505,786,438.75 from ¥1,737,918,507.23, a decline of approximately 13.3%[23]. - Cash and cash equivalents dropped to ¥732,479,529.46 from ¥1,241,006,924.66, representing a decrease of about 41.0%[23]. - Total assets decreased to ¥8,662,987,386.86 from ¥9,125,739,530.07, a reduction of approximately 5.1%[26]. - Current liabilities decreased to ¥1,805,064,672.25 from ¥2,488,478,353.01, a decline of about 27.5%[26]. - The total liabilities as of the end of the reporting period were ¥2,154,256,305.65, down from ¥2,809,804,826.18[28]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥890,471,329.37, an increase of 3.20% compared to the same period last year[9]. - Cash flow from operating activities for the first three quarters of 2022 was ¥890,471,329.37, an increase from ¥862,861,557.37 in the same period of 2021[38]. - Investment activities cash outflow totaled 727,091,830.27, with a net cash flow from investment activities of -398,701,135.01[40]. - Financing activities cash inflow was 259,000,000.00, while cash outflow from financing activities amounted to 1,027,704,859.51, resulting in a net cash flow from financing activities of -1,027,704,859.51[40]. - The net increase in cash and cash equivalents was -535,934,665.15, with an ending balance of 663,143,500.71[40]. - The company incurred debt repayment cash outflow of 738,250,666.71, which is a substantial amount compared to the previous period's 975,922,663.93[40]. - Dividend and interest payments totaled 289,454,192.80, reflecting a notable increase from the previous period's 65,171,400.59[40]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 71,785[17]. - The largest shareholder, Huai Bei Mining Group Co., Ltd., held 47.12% of the shares[17]. Expenses - Total operating costs for the first three quarters of 2022 were ¥4,790,460,435.98, up 23.6% from ¥3,874,204,681.95 in the previous year[32]. - Research and development expenses for the first three quarters of 2022 totaled ¥189,877,192.59, compared to ¥162,427,406.60 in the previous year, reflecting a growth of 16.9%[32]. - Sales expenses decreased to ¥8,282,476.24 in the first three quarters of 2022 from ¥9,353,770.25 in the same period of 2021[32]. - Management expenses slightly increased to ¥197,852,760.03 in the first three quarters of 2022 from ¥195,198,241.50 in the previous year[32]. Strategic Focus - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge[21]. Accounting Standards - The company is not applying the new accounting standards or interpretations for the first time in 2022[40].

Group 1: Event Details - The company will participate in the "2022 Anhui Listed Companies Investor Collective Reception Day" on September 7, 2022 [2] - The event will be held online from 16:00 to 17:30 [2] - Investors can join via the "Panorama Roadshow" website, WeChat, or the Panorama Roadshow APP [2] Group 2: Communication Focus - Company executives will discuss the 2022 semi-annual report, including performance, governance, development strategy, operational status, financing plans, equity incentives, and sustainable development [2] - The event aims to enhance interaction and communication with investors [2] Group 3: Legal Assurance - The board of directors guarantees that the announcement contains no false records, misleading statements, or significant omissions [2] - The company assumes legal responsibility for the truthfulness, accuracy, and completeness of the content [2]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥3,751,901,847.65, representing a 33.07% increase compared to ¥2,819,529,950.84 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥445,698,224.89, up 23.68% from ¥360,361,104.94 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥439,538,374.11, which is a 15.41% increase from ¥380,853,489.53 in the same period last year[22]. - The basic earnings per share for the first half of 2022 was ¥0.13, an increase of 8.33% from ¥0.12 in the same period last year[24]. - The company's operating revenue for the first half of 2022 was approximately ¥3.75 billion, representing a 33.07% increase compared to ¥2.82 billion in the same period last year[50]. - Net profit for the first half of 2022 was ¥445,698,224.89, representing a 23.6% increase from ¥360,361,104.94 in the same period of 2021[182]. - Research and development expenses for the first half of 2022 were ¥89,518,285.05, compared to ¥84,670,715.38 in the previous year, marking a 5.4% increase[178]. Cash Flow and Assets - The net cash flow from operating activities was ¥468,253,405.98, a decrease of 14.86% compared to ¥549,991,247.74 in the previous year[24]. - The company's cash and cash equivalents decreased by 72.31% to approximately ¥343.62 million, down from ¥1.24 billion, due to loan repayments and investment in financial products[53]. - The total assets at the end of the reporting period were ¥8,399,865,820.58, down 7.95% from ¥9,125,739,530.07 at the end of the previous year[24]. - The total current assets amount to 1,172,657,744.38 RMB, down from 1,737,918,507.23 RMB at the beginning of the period[159]. - Cash and cash equivalents are reported at 343,616,940.01 RMB, a decrease from 1,241,006,924.66 RMB[159]. - The company's cash and cash equivalents dropped from CNY 1,159,023,081.28 to CNY 265,651,533.91, a decrease of around 77%[169]. Liabilities and Equity - The total liabilities decreased from CNY 2,809,804,826.18 to CNY 1,907,587,725.75, a decline of approximately 32%[164]. - The company's total liabilities decreased to ¥1,635,793,506.03 from ¥2,565,015,965.94, reflecting a reduction of 36.3%[176]. - The total equity attributable to shareholders increased from CNY 6,315,934,703.89 to CNY 6,492,278,094.83, an increase of approximately 3%[167]. - The total equity increased to ¥6,273,358,058.17, up from ¥5,995,391,363.53, indicating a growth of 4.6%[176]. Operational Efficiency and Costs - Operating costs increased by 43.81% to approximately ¥2.89 billion, up from ¥2.01 billion, primarily due to rising raw material prices[50]. - The company's financial expenses decreased significantly by 82.11%, from approximately ¥46.21 million to ¥8.27 million, attributed to reduced borrowings during the reporting period[50]. - The total operating costs for the first half of 2022 were ¥3,240,959,849.03, up 36.5% from ¥2,371,638,060.73 in the previous year[178]. Market and Industry Context - The PVC industry in China is experiencing a slowdown in capacity expansion, leading to improved market balance and enhanced profitability for companies in the sector[31]. - The company benefits from significant resource advantages, including self-owned salt and calcium carbide resources, which help maintain stable production and reduce costs[39]. - The integrated circular economy system established by the company enhances resource utilization efficiency and reduces production costs, contributing to its competitive edge[40]. Environmental and Social Responsibility - The company has invested significantly in upgrading pollution control facilities, enhancing their ability to meet emission standards while reducing overall emissions[79]. - The company emphasizes its commitment to ecological protection and pollution prevention, aligning with national environmental policies[94]. - In the first half of 2022, the company provided financial assistance of CNY 63,900 to 81 disadvantaged workers and purchased poverty alleviation agricultural products worth CNY 803,800, demonstrating its commitment to social responsibility[97]. Corporate Governance and Compliance - The company has undergone a board and supervisory committee restructuring, with new appointments made for various positions, including the chairman and independent directors[67][71]. - The company has not found any issues regarding the integrity of its controlling shareholders during the reporting period[130]. - The company has committed to not increasing salaries or allowances for directors and senior management until all negative impacts from unfulfilled commitments are eliminated[122].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,752,734,612.95, representing a year-on-year increase of 23.22%[6] - The net profit attributable to shareholders for the same period was ¥233,235,589.31, reflecting a slight increase of 1.04% compared to the previous year[6] - The net profit after deducting non-recurring gains and losses was ¥228,538,560.59, with a year-on-year increase of 0.40%[9] - The basic earnings per share for Q1 2022 was ¥0.0665, down by 10.14% year-on-year[9] - The weighted average return on equity was 3.63%, a decrease of 1.81 percentage points compared to the previous year[9] - The net profit for the first quarter of 2022 was CNY 233,235,589.31, a slight increase from CNY 230,842,953.24 in the same period of 2021, representing a growth of approximately 1.7%[40] - Operating profit for the first quarter of 2022 was CNY 274,858,780.36, compared to CNY 272,448,470.21 in the first quarter of 2021, indicating a growth of about 0.9%[40] - The total profit for the first quarter of 2022 was CNY 274,408,514.52, slightly higher than CNY 273,054,228.65 in the same period of 2021, representing an increase of about 0.5%[40] Cash Flow - The net cash flow from operating activities was ¥153,129,728.61, showing a decrease of 0.57% compared to the same period last year[9] - Cash flow from operating activities for the first quarter of 2022 was CNY 153,129,728.61, slightly down from CNY 154,010,415.74 in the first quarter of 2021[47] - The company's cash flow from operating activities for Q1 2022 was approximately ¥1,057.72 million, up from ¥901.62 million in Q1 2021, representing a growth of 17.3%[63] - The company’s cash flow from financing activities showed a net outflow of CNY 747,777,407.20 in the first quarter of 2022, compared to a net outflow of CNY 221,400,557.44 in the first quarter of 2021[49] - The company reported a net cash outflow from investing activities of CNY 330,216,034.88 in the first quarter of 2022, compared to a net outflow of CNY 10,424,857.73 in the first quarter of 2021[47] - The net increase in cash and cash equivalents was -$928,673,489.48, compared to -$34,286,329.96 in the previous period, reflecting a significant decline[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,597,817,362.17, down 5.78% from the end of the previous year[9] - Total assets decreased to ¥8,597,817,362.17 as of March 31, 2022, down from ¥9,125,739,530.07 at the end of 2021[31] - Total liabilities decreased to ¥2,043,066,888.14 in Q1 2022 from ¥2,809,804,826.18 in Q4 2021, a reduction of 27.2%[31] - The total liabilities decreased from ¥2,565.02 million to ¥1,773.57 million, a reduction of 30.8%[56] - The equity attributable to shareholders increased to ¥6,554,750,474.03, marking a year-on-year increase of 3.78%[9] - The company's total equity increased from ¥5,995.39 million to ¥6,152.54 million, an increase of 2.6%[56] Expenses - Total operating costs for Q1 2022 were ¥1,483,370,340.23, up 28.5% from ¥1,154,176,962.63 in Q1 2021[34] - Research and development expenses for Q1 2022 were ¥25,657,633.44, down from ¥32,400,208.77 in Q1 2021, a decrease of 20.7%[34] - Research and development expenses for Q1 2022 were approximately ¥24.01 million, a decrease of 14.3% compared to ¥28.01 million in Q1 2021[59] - The company reported a significant reduction in financial expenses, totaling ¥7,614,935.89 in Q1 2022 compared to ¥24,431,912.92 in Q1 2021[34] - The company's financial expenses decreased significantly from ¥22.57 million in Q1 2021 to ¥6.05 million in Q1 2022, a reduction of 73.2%[59] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 89,065[15] - The company recognized non-recurring gains of ¥4,697,028.72 after tax for the period[12] Inventory and Receivables - Accounts receivable increased to ¥49,540,999.47 in Q1 2022 from ¥22,701,993.84 in Q4 2021, indicating a significant rise of 118%[23] - Inventory as of March 31, 2022, was ¥443,869,260.97, up 23.4% from ¥359,571,977.35 at the end of 2021[23] - The company reported a decrease in accounts payable from ¥744.66 million to ¥529.11 million, a decline of 29.0%[54]

Financial Performance - The company's operating revenue for 2021 was ¥6,739,223,586.39, representing a year-on-year increase of 32.65% due to rising prices of main products[23]. - The net profit attributable to shareholders of the listed company was ¥785,436,195.17, an increase of 28.03% compared to the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥812,065,634.56, up 34.86% year-on-year, primarily due to increased product prices and reduced interest expenses from decreased bank borrowings[23]. - The net cash flow from operating activities was ¥1,232,685,823.49, reflecting a 5.01% increase from the previous year[23]. - The net assets attributable to shareholders of the listed company at the end of 2021 were ¥6,315,934,703.89, a 53.15% increase compared to the end of 2020[23]. - Total assets at the end of 2021 amounted to ¥9,125,739,530.07, representing an 8.40% increase from the previous year[23]. - Basic earnings per share for 2021 was CNY 0.25, representing a 25.00% increase compared to CNY 0.20 in 2020[27]. - The weighted average return on net assets increased by 0.82 percentage points to 16.95% in 2021 from 16.13% in 2020[27]. - Total operating income for Q4 2021 reached CNY 2,158,692,573.70, with a net profit attributable to shareholders of CNY 200,341,110.39[28]. - The company reported a significant increase in the net profit after deducting non-recurring gains and losses, reaching CNY 221,892,281.50 in Q4 2021[28]. Dividend and Shareholder Returns - The company plans to distribute cash dividends of ¥0.79 per 10 shares, totaling approximately ¥277,084,743.15, which accounts for 35.28% of the net profit attributable to shareholders[6]. - The company does not plan to issue bonus shares or convert capital reserves into share capital this year[6]. - The company has not made any changes to its cash dividend policy during the reporting period[159]. Operational Efficiency and Cost Management - The company implemented a focus on cost control and efficiency improvement, establishing a cost model to enhance operational performance[35]. - The company reported a significant increase in labor costs, with a rise of 19.21% in the basic industry sector[59]. - The company has optimized its wage structure to enhance productivity, focusing on market-oriented wages for operational and safety roles[154]. - The company employs a "production based on sales" model, ensuring efficient production management[88]. Production and Capacity - The company primarily engages in the production and sales of chlor-alkali chemical products, focusing on PVC and caustic soda, with a comprehensive circular economy system established[40]. - PVC production capacity is 640,000 tons, with an output of 577,324.25 tons, achieving a capacity utilization rate of 90.21% and sales revenue of 460,302.75 thousand yuan[46]. - Caustic soda production capacity is 480,000 tons, with an output of 430,661.6 tons, achieving a capacity utilization rate of 89.72% and sales revenue of 86,795.14 thousand yuan[46]. - The company has an annual production capacity of 640,000 tons of PVC and 480,000 tons of caustic soda, positioning it among the top in the industry[51]. Environmental and Sustainability Initiatives - The company is actively pursuing green and low-carbon development strategies in line with national "dual carbon" goals[35]. - The company has invested significantly in environmental upgrades, implementing clean production practices to achieve compliance with emission standards[167]. - The company has achieved a dust removal efficiency of 99.95%, nitrogen oxide removal efficiency of 90%, and sulfur dioxide removal efficiency of 98.1% in its coal-fired power generation operations[171]. - The company is committed to building an eco-friendly enterprise, aligning with national environmental protection policies[167]. - The company has implemented a comprehensive carbon management system, including energy management, carbon emission tracking, and trading, to reduce carbon emissions effectively[178]. Research and Development - In 2021, the company invested CNY 230 million in R&D, with 14 projects and 9 invention patents obtained[93]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing production efficiency[130]. - Research and development expenditures increased by 30%, totaling 150 million CNY, to support new technology initiatives[139]. Strategic Planning and Future Outlook - The company plans to continue expanding its market presence and investing in new product development to drive future growth[60]. - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next quarter, representing a 25% increase compared to the current quarter[130]. - The company is focused on expanding its chlor-alkali chemical industry while enhancing its fine chemicals and new materials sectors[111]. Governance and Management - The company held one annual general meeting and one extraordinary general meeting during the reporting period, with no rejected resolutions or changes to previous resolutions[121]. - The total pre-tax remuneration for directors, supervisors, and senior management in 2021 amounted to CNY 986.14 million[125]. - The company approved the financial budget report for 2021 during the board meeting on March 22, 2021[143]. Risk Management - There were no significant risks affecting the company's operations during the reporting period[8]. - The company faces risks from macroeconomic uncertainties, including potential impacts on exports and imports due to global trade tensions[115]. - The company is subject to stricter industry policies and environmental regulations, which may increase operational costs[115].