一、董事会会议召开情况 利华益维远化学股份有限公司（以下简称"维远股份"或"公司"） 第二届董事会第十五次会议于 2023 年 8 月 25 日以现场结合通讯的方式召 开。本次会议的通知于 2023 年 8 月 15 日以电话、电子邮件等方式向各位 董事发出。本次董事会应参加的董事 7 名，实际参加的董事 7 名。会议由 董事长魏玉东先生召集。本次会议的召集、召开符合《公司法》及《公司 章程》的有关规定，会议决议合法有效。 证券代码：600955 证券简称：维远股份 公告编号：2023-028 利华益维远化学股份有限公司 第二届董事会第十五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 二、董事会会议审议情况 （一）审议通过《关于<公司 2023 年半年度报告>及摘要的议案》 表决结果：同意票 7 票、反对票 0 票、弃权票 0 票。 经与会董事表决，审议通过该议案。具体内容详见公司同日在上海证 券交易所网站（www.sse.com.cn）及相关媒体披露的《利华益维远化学股 份有限公司 2023 年半年度 ...

证券代码：600955 证券简称：维远股份 公告编号：2023-033 利华益维远化学股份有限公司关于投资 建设AMS分离提纯技术改造项目的公告 本公司及董事会全体成员保证本公告内容不存在虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 项目名称：利华益维远化学股份有限公司（以下简称"公司"）AMS 分离提纯技术改造项目。 ● 投资金额：本项目报批总投资 10,012.31 万元，具体投资金额以实 际投入为准。 ● 特别风险提示:投资项目存在可能面临财务融资、市场竞争、技术、 环保、项目管理和项目建设审批方面的风险影响，导致投资后项目不能实 现预期收益的风险。 一、本次投资项目概述 1、项目投资背景及意义 公司已建设并运行了两套年产 35 万吨的苯酚丙酮装置。苯酚丙酮装置 氧化反应中会有部分副产品 AMS 生成，现有流程是将 AMS 通过加氢重新生 成异丙苯，返回装置继续参与反应生产苯酚和丙酮。 本项目对一、二期 35 万吨/年苯酚丙酮装置进行改造，通过新增 AMS 分离单元把一期、二期 35 万吨/年苯酚丙酮装置所产粗 AMS 物料分离、提 纯为 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,692,870,706.42, representing a decrease of 14.37% compared to the same period last year[30]. - The net profit attributable to shareholders for Q1 2023 was ¥26,087,304.88, down 91.41% year-on-year[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,526,094.22, a decrease of 93.99% compared to the previous year[30]. - The net cash flow from operating activities was ¥36,012,686.90, reflecting a decline of 90.19% year-on-year[30]. - Basic earnings per share for Q1 2023 were ¥0.05, down 90.91% compared to the same period last year[30]. - The total operating revenue for Q1 2023 was CNY 1,692,870,706.42, a decrease of 14.4% compared to CNY 1,976,901,180.72 in Q1 2022[41]. - The net profit for Q1 2023 was CNY 26,087,304.88, down 91.4% from CNY 303,784,338.23 in Q1 2022[42]. - The basic and diluted earnings per share for Q1 2023 were both CNY 0.05, compared to CNY 0.55 in Q1 2022[42]. Assets and Liabilities - Total assets at the end of Q1 2023 amounted to ¥10,344,014,837.65, an increase of 4.16% from the end of the previous year[31]. - The equity attributable to shareholders at the end of Q1 2023 was ¥8,580,678,446.50, a slight decrease of 0.73% compared to the previous year[31]. - The total current liabilities increased to ¥1,465,819,948.44, up from ¥1,187,825,958.39 in the previous year[22]. - The total liabilities reached ¥1,763,336,391.15, compared to ¥1,287,192,301.61 in the previous year, indicating significant growth in liabilities[22]. - The company's total liabilities and equity as of March 31, 2023, were CNY 10,344,014,837.65, up from CNY 9,931,217,920.38 at the end of 2022[41]. Cash Flow - Cash inflow from operating activities for Q1 2023 was $1,840,680,093.86, a decrease of 17.6% compared to $2,234,135,861.24 in Q1 2022[45]. - Net cash flow from operating activities was $36,012,686.90, down 90.2% from $366,936,776.79 in the same period last year[45]. - Cash inflow from investment activities totaled $1,306,964,370.43, a decline of 54.8% from $2,892,690,531.41 in Q1 2022[46]. - Net cash flow from investment activities was -$195,408,628.00, compared to $425,486,783.03 in Q1 2022[46]. - Cash inflow from financing activities was $382,075,308.95, significantly lower than $1,436,781.77 in Q1 2022[46]. - Net cash flow from financing activities improved to $315,075,308.95 from -$3,863,218.23 in the previous year[46]. - The ending cash and cash equivalents balance for Q1 2023 was $757,913,635.79, down from $1,615,803,328.73 in Q1 2022[46]. - Cash received from the sale of goods and services was $1,835,778,406.55, a decrease from $2,226,235,866.51 in the prior year[45]. - Total cash outflow from operating activities was $1,804,667,406.96, slightly lower than $1,867,199,084.45 in Q1 2022[45]. - Cash paid to employees increased to $93,394,706.15 from $80,584,064.13 in the same quarter last year[45]. Shareholder Information - The company had a total of 12,500,000 ordinary shares held by the largest shareholder, accounting for 2.27% of total shares[9]. - The top three shareholders collectively hold 59,500,000 shares, representing a significant portion of the company's equity[9]. - The total equity attributable to shareholders of the parent company as of March 31, 2023, was CNY 8,580,678,446.50, a slight decrease from CNY 8,644,025,618.77 at the end of 2022[42]. Non-Recurring Items - The company reported a non-recurring loss of ¥203,323.47 from the disposal of non-current assets in Q1 2023[16]. - The total non-recurring profit for the period, after tax effects, was ¥8,561,210.66[16]. Government Support - Government subsidies recognized in the current period amounted to ¥2,741,547.65, which are closely related to the company's normal business operations[16]. Operational Strategy - The company has not reported any significant changes in its operational strategy or market expansion plans for the upcoming quarters[10]. - There were no new product launches or technological advancements mentioned during the earnings call[10]. - The company did not disclose any plans for mergers or acquisitions in the near future[10]. Financial Reporting - The company emphasized its commitment to maintaining accurate and complete financial reporting, ensuring transparency for investors[12]. - The financial data presented in the report has been verified by the company's management, ensuring its reliability[13]. Research and Development - Research and development expenses for Q1 2023 were CNY 6,222,424.39, a decrease of 34.5% from CNY 9,469,402.14 in Q1 2022[41]. - The company reported a financial income of CNY 4,750,343.52 in Q1 2023, compared to a financial expense of CNY 9,433,104.25 in Q1 2022[41]. - The investment income for Q1 2023 was CNY 6,568,712.67, down from CNY 21,286,693.68 in Q1 2022[41].

证券代码：600955 证券简称：维远股份 公告编号：2023-018 利华益维远化学股份有限公司关于召开 2022 年度业绩暨现金分红说明会的公告 重要内容提示： 会议召开时间：2023 年 3 月 16 日(星期四)下午 15:00-16:30 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频和网络互动 投资者可于 2023 年 3 月 9 日(星期四)至 3 月 15 日(星期三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮 箱 wyhxzqb@163.com 进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 利华益维远化学股份有限公司（以下简称"公司"）已于 2023 年 3 月 2 日发布公司 2022 年度报告，为便于广大投资者更全面深入 地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 3 月 16 日下午 15:00-16:30 举行 2022 年度业绩暨现金分红说明会，就投 资者关心的问题进行交流。 本公司董事会及全体董事保证本公告内容不存 ...

Financial Performance - The company's total revenue for 2022 was ¥7,798,113,240.28, a decrease of 19.06% compared to ¥9,634,615,988.64 in 2021[15]. - The net profit attributable to shareholders was ¥607,773,517.58, down 71.73% from ¥2,149,712,903.46 in the previous year[15]. - The net cash flow from operating activities was ¥1,083,840,671.44, a decline of 59.49% compared to ¥2,675,353,773.66 in 2021[15]. - The company's operating revenue decreased by 19.06% compared to the same period last year, primarily due to a decline in sales prices of certain products and periodic maintenance of some facilities[30]. - The gross profit margin for the phenol business decreased by 15.71 percentage points, with revenue down by 11.61% and costs up by 7.86%[31]. - The gross profit margin for new materials decreased by 34.44 percentage points, with revenue down by 35.87% and costs down by 1.18%[31]. - The company's revenue for the current period is approximately ¥7.80 billion, a decrease of 19.06% compared to ¥9.63 billion in the same period last year[56]. - The company reported a significant decrease in net cash flow from financing activities, down 109.29% to -¥241.90 million from ¥2.60 billion in the previous year[56]. - The company reported a total of 988 employees, with 799 in production, 13 in sales, 47 in technology, 10 in finance, and 119 in administration[170]. Cost and Expenses - Operating costs increased by 5.21% year-on-year, mainly due to the rise in prices of key raw materials[30]. - Research and development expenses rose by 81.39% compared to the previous year, attributed to increased R&D projects and investments[30]. - The cash paid for purchasing goods and services was CNY 7.30 billion, an increase from CNY 6.49 billion in the previous year[96]. - The cost of direct materials for phenol-related products was ¥4,119,703,972.37, accounting for 58.95% of total costs, reflecting a 9.21% increase from the previous year[3]. - The cost of phenol increased by 19.57% year-on-year, amounting to CNY 2.10 billion, which accounted for 30.00% of total costs[89]. - The cost of acetone decreased by 29.11% year-on-year, totaling CNY 601 million, which represented 8.60% of total costs[89]. - The cost of bisphenol A increased by 8.21% year-on-year, reaching CNY 883 million, accounting for 12.64% of total costs[89]. Inventory and Assets - The company reported a significant increase in inventory levels, with a 32.46% rise in one category, indicating potential overproduction or decreased sales[2]. - The total assets at the end of 2022 were ¥9,931,217,920.38, an increase of 7.57% from ¥9,232,365,978.00 in 2021[15]. - The total amount of financial assets at the end of the period was approximately 1.653 billion RMB, after accounting for significant purchases and sales during the year[79]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥1,015,522,517.85, accounting for 10.23% of total assets, a decrease of 1.48% from the previous period[117]. - The company's trading financial assets decreased by 55.74% to ¥1,652,784,111.74, representing 16.64% of total assets, due to the reduction in idle funds used for financial products[117]. - Inventory increased by 20.43% to ¥372,328,436.64, accounting for 3.75% of total assets[117]. - The company has increased its construction in progress significantly by 750.55% to ¥2,043,589,679.78, which now represents 20.58% of total assets[117]. Strategic Initiatives - The company has developed four general-purpose and two flame-retardant grade PC/ABS alloy new products, achieving industrial transformation and targeting high-end market applications[28]. - The company aims to enhance its production chain by building new facilities for high-purity dimethyl carbonate and propane dehydrogenation, contributing to the new energy industry chain[20]. - The company is actively developing a propane dehydrogenation-epoxy propane-electrolyte solvent industrial chain, along with products like food-grade carbon dioxide and high-performance polypropylene[53]. - The company plans to continue expanding its production capacity to meet the growing demand in downstream applications such as coatings and electronics[53]. - The company is focusing on risk management and production safety while ensuring the stable operation of production facilities and the smooth construction of new projects[20]. - The company aims to explore favorable opportunities for importing propylene and pure benzene to reduce operational costs[111]. - The company has established long-term partnerships with stable raw material suppliers to mitigate risks associated with price fluctuations[97]. - The company is committed to developing advanced green production processes to enhance its competitive advantage in the market[82]. Research and Development - The total number of R&D personnel is 51, representing 5.16% of the total workforce[142]. - The company is focusing on enhancing R&D investment and innovation capabilities in line with national policies for the chemical industry[154]. - The company has no capitalized R&D expenditures for the current period[141]. - The company has implemented a training program for employees, focusing on operational procedures, safety regulations, and quality control[188]. - The company has collaborated with universities and advanced enterprises for employee training, enhancing the quality and efficiency of talent development[188]. Environmental and Social Responsibility - The company invested ¥21,319.14 million in environmental protection during the reporting period[196]. - The company is committed to reducing carbon emissions and promoting sustainable development in its future operations[187]. - The company has invested in pollution prevention facilities, significantly reducing volatile organic compound emissions[199]. - The company's pollution control facilities operated normally, with stable compliance in pollutant emissions[181]. - The company's environmental protection measures are in compliance with standards, with no exceedances reported in pollutant emissions[180]. Shareholder Information - The company distributed cash dividends of 91,300,000.00 yuan, with a cash dividend ratio of 15.02% based on a total share capital of 550,000,000 shares[36]. - The cash dividend policy for 2022 is set at 1.66 RMB per 10 shares, totaling 91,300,000 RMB distributed to shareholders[173]. - The cash dividend for the year was ¥91,300,000.00, representing 15.02% of the net profit attributable to ordinary shareholders in the consolidated financial statements[192]. - The company has a total share capital of 550,000,000 shares as of December 31, 2022[173].

证券代码：600955 证券简称：维远股份 公告编号：2022-060 利华益维远化学股份有限公司 关于参加山东辖区上市公司2022年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证本公告内容不存在虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与广大投资者的沟通交流，做好投资者关系管理工作， 利华益维远化学股份有限公司（以下简称"公司"）将参加由山东证监局、 山东上市公司协会联合举办的"山东辖区上市公司 2022 年度投资者网上集 体接待日"活动，现将有关事项公告如下： 本次活动将通过深圳市全景网络有限公司提供的互联网平台举行，投 资者可以登录全景网"投资者关系互动平台"（http://ir.p5w.net/）参与本 次活动，活动时间为：2022 年 11 月 16 日（星期三）14:00 至 16:00。 届时公司董事长魏玉东先生，董事、总经理李秀民先生，董事、副总经 理、董事会秘书吕立强先生，董事、副总经理、财务总监宋成国先生将通 过网络在线互动的形式，与投资者进行沟通和交流。欢迎广大投资者积极 参与。 特此公告。 利华益维远化学股份 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,924,821,003.89, a decrease of 25.46% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was ¥32,253,813.79, down 94.49% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,423,644.38, a decline of 96.51% compared to the previous year[7]. - The basic earnings per share for Q3 2022 was ¥0.06, a decrease of 95.41% year-on-year[9]. - The diluted earnings per share for Q3 2022 was also ¥0.06, reflecting a 95.41% decline compared to the same period last year[9]. - Total operating revenue for the first three quarters of 2022 was CNY 5,894,173,705.35, a decrease of 19.8% compared to CNY 7,348,279,699.86 in the same period of 2021[30]. - Net profit attributable to shareholders of the parent company was CNY 491,116,079.73, a significant decline of 73.0% from CNY 1,822,851,216.81 in the previous year[34]. - The total comprehensive income attributable to shareholders of the parent company was CNY 491,116,079.73, down from CNY 1,822,851,216.81, reflecting a decrease of 73.0%[36]. Assets and Liabilities - The total assets at the end of Q3 2022 were ¥9,422,149,627.58, an increase of 2.06% from the end of the previous year[9]. - The equity attributable to shareholders at the end of Q3 2022 was ¥8,528,386,472.77, up 3.39% from the end of the previous year[9]. - The total liabilities decreased to CNY 893,763,154.81 from CNY 983,580,869.56, reflecting a reduction of approximately 9.1%[28]. - The total equity attributable to shareholders of the parent company increased to CNY 8,528,386,472.77, up from CNY 8,248,785,108.44, representing a growth of 3.4%[28]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥757,745,789.33, down 68.53% year-on-year[9]. - The net cash flow from operating activities for the first three quarters of 2022 was ¥757,745,789.33, a decrease of 68.5% compared to ¥2,407,871,810.28 in the same period of 2021[41]. - Total cash inflow from operating activities was ¥6,788,949,575.41, down from ¥8,434,497,007.47 in the previous year, reflecting a decline of 19.5%[41]. - Cash outflow for purchasing goods and services increased to ¥5,495,869,056.15, compared to ¥4,951,550,982.48 in 2021, marking an increase of 11%[41]. - Cash inflow from investment activities reached ¥6,733,296,202.42, significantly higher than ¥1,666,198,314.26 in the previous year, indicating a growth of 303.5%[41]. - The net cash flow from investment activities was -¥435,507,107.82, an improvement from -¥592,658,252.73 in the same period last year[41]. - Cash inflow from financing activities totaled ¥108,907,800.80, a sharp decline from ¥4,256,264,960.24 in 2021[41]. - The net cash flow from financing activities was -¥227,249,865.85, compared to a positive cash flow of ¥2,654,562,711.56 in the previous year[41]. - The ending balance of cash and cash equivalents was ¥922,231,808.99, a significant decrease from ¥4,659,637,476.45 at the end of the previous year[41]. Inventory and Expenses - The company's current assets decreased to CNY 3,609,824,710.61 from CNY 5,118,845,196.41 year-over-year[23]. - The company's inventory increased to CNY 367,532,824.65 from CNY 309,177,068.35 year-over-year, indicating a growth of approximately 18.9%[23]. - The total non-current assets rose to CNY 5,812,324,916.97 from CNY 4,113,520,781.59, reflecting a significant increase of about 41.3%[23]. - Total operating costs increased to CNY 5,317,112,699.25, up 7.9% from CNY 4,920,416,508.48 year-over-year[30]. - Research and development expenses rose significantly to CNY 21,893,677.87, compared to CNY 5,942,403.03 in the previous year, indicating an increase of 268.5%[30]. Shareholder Information - The company has a total of 108,500,000 shares held by the largest shareholder, accounting for 19.73% of the total shares[16]. - The company has no significant changes in the status of pledged, marked, or frozen shares among its major shareholders[16]. Financial Performance Changes - The decline in profits is primarily attributed to falling product prices and rising raw material costs[11]. - The company reported a financial income of CNY 28,357,185.03, compared to a financial expense of CNY 26,230,576.51 in the previous year, showing a turnaround in financial performance[30]. - Deferred income increased to CNY 91,183,881.55 from CNY 82,890,596.50, marking an increase of 9.7%[28].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 3,969,352,701.46, a decrease of 16.71% compared to CNY 4,765,942,106.45 in the same period last year [23]. - The net profit attributable to shareholders of the listed company was CNY 458,862,265.94, down 62.91% from CNY 1,237,321,324.36 year-on-year [23]. - The net cash flow from operating activities was CNY 523,196,444.69, a decline of 67.01% compared to CNY 1,585,951,105.41 in the previous year [23]. - The basic earnings per share for the first half of 2022 was CNY 0.83, a decrease of 72.33% from CNY 3.00 in the same period last year [26]. - The weighted average return on net assets was 5.48%, down 38.16 percentage points from 43.64% year-on-year [26]. - The net profit after deducting non-recurring gains and losses was CNY 424,710,872.88, a decrease of 65.59% compared to CNY 1,234,098,206.23 in the same period last year [23]. - The diluted earnings per share also stood at CNY 0.83, reflecting the same decline of 72.33% from CNY 3.00 year-on-year [26]. - The company achieved a sales revenue of CNY 396,935,270.46, a decrease of 16.71% compared to the same period last year [46]. - The net profit attributable to shareholders was CNY 45,886,230.00, reflecting the impact of rising raw material prices and periodic equipment maintenance [45]. - Operating cash flow decreased by 67.01% to CNY 523,196,444.69, primarily due to increased raw material costs and reduced sales volume [46]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,535,887,687.50, an increase of 3.29% from CNY 9,232,365,978.00 at the end of the previous year [23]. - The net assets attributable to shareholders of the listed company increased by 2.97% to CNY 8,493,595,535.57 from CNY 8,248,785,108.44 at the end of the previous year [23]. - Inventory rose by 41.54% to CNY 437,608,943.28, attributed to increased quantities and costs of raw materials and finished goods [53]. - The total liabilities increased to ¥1,042,292,151.93 from ¥983,580,869.56, reflecting a rise of about 5.9% [121]. - Current liabilities totaled ¥955,331,544.44, compared to ¥900,690,273.06, reflecting an increase of about 6.0% [121]. - Non-current assets amounted to ¥4,840,135,724.68, up from ¥4,113,520,781.59, indicating a growth of approximately 17.7% [121]. Research and Development - The company has established a robust technology innovation mechanism, including a reward system for innovation and increased investment in research and development [37]. - Research and development expenses surged by 654.88% to CNY 15,484,516.31, indicating a significant increase in R&D projects and investments [46]. - Research and development expenses rose significantly to CNY 15,484,516.31, compared to CNY 2,051,256.60 in the first half of 2021, marking a 653.09% increase [130]. Market and Industry Outlook - The phenol market in China is expected to see increased demand in the second half of 2022, driven by a tight supply-demand balance and rising prices due to strong international crude oil prices [32]. - The acetone downstream demand structure is changing, with the methyl methacrylate/acetone cyanohydrin sector projected to account for over 25% of acetone demand in 2022 [33]. Environmental and Compliance - The company has committed to environmental protection measures, including the establishment of an environmental protection department to oversee compliance and pollution control [83]. - The company has established an environmental monitoring system that operates continuously and is connected to regulatory authorities for real-time oversight [80]. - The company has implemented a strict "three simultaneous" system for pollution control facilities, ensuring they are designed, constructed, and put into operation concurrently with production facilities [77]. - The company has not faced any administrative penalties for environmental issues during the reporting period [81]. - The company invested in a comprehensive treatment project for volatile organic compounds, further reducing emissions beyond compliance levels [77]. Shareholder and Corporate Governance - The company committed to not engage in any competitive business activities directly or indirectly for 36 months from the listing date, September 15, 2021 [90]. - The lock-up period for major shareholders is set for 36 months post-listing, with specific conditions for extending this period if stock prices fall below the issue price [90]. - Major shareholders are restricted from transferring shares for 12 months post-listing, with a maximum annual reduction of 25% thereafter [90]. - The company has maintained compliance with all legal and regulatory requirements regarding related party transactions [90]. - There were no significant lawsuits or arbitration matters during the reporting period [96]. Financial Instruments and Accounting - The company recognizes interest income based on the effective interest method, with specific treatments for credit-impaired financial assets [192]. - Financial assets are classified based on the business model and cash flow characteristics, with specific criteria for measuring at amortized cost or fair value [191]. - The company recognizes financial liabilities at fair value through profit or loss, including trading financial liabilities and those designated at fair value upon initial recognition [198]. - Financial assets and liabilities are presented separately in the balance sheet and are not offset unless specific conditions are met [199].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,976,901,180.72, representing a decrease of 12.18% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥303,784,338.23, down 48.59% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥291,694,998.86, a decline of 50.50% compared to the previous year[6]. - Basic earnings per share were ¥0.55, down 61.54% from the same period last year[6]. - Total operating revenue for Q1 2022 was approximately ¥1.98 billion, a decrease of 12.1% compared to ¥2.25 billion in Q1 2021[20]. - Net profit for Q1 2022 was approximately ¥303.78 million, down 48.5% from ¥590.93 million in Q1 2021[23]. - Basic and diluted earnings per share for Q1 2022 were both ¥0.55, compared to ¥1.43 in Q1 2021[23]. - The decline in net profit was primarily due to equipment maintenance and rising raw material prices[9]. Cash Flow and Assets - The net cash flow from operating activities was ¥366,936,776.79, reflecting a decrease of 55.07% year-on-year[6]. - Cash flow from operating activities generated a net amount of approximately ¥366.94 million, a decrease of 55.1% from ¥816.69 million in Q1 2021[25]. - Cash inflow from investment activities totaled approximately ¥2.89 billion, significantly higher than ¥1.67 billion in Q1 2021[25]. - Cash outflow for the purchase of fixed assets and intangible assets was approximately ¥562.20 million, compared to ¥175.84 million in Q1 2021[25]. - The company's cash and cash equivalents reached ¥1.82 billion, up from ¥1.03 billion in the previous year, indicating a significant increase of approximately 76.5%[14]. - Total cash and cash equivalents at the end of the period reached $1.62 billion, up from $503.31 million year-over-year[26]. - The beginning cash and cash equivalents balance was $827.24 million, compared to $189.86 million in the previous year[26]. Liabilities and Equity - The total current liabilities were reported at ¥1.11 billion, compared to ¥900.69 million in the previous year, representing an increase of about 23.3%[16]. - The total equity attributable to shareholders increased to approximately ¥8.34 billion from ¥8.25 billion, indicating a growth of about 1.1%[19]. - The company's accounts payable decreased to ¥275.32 million from ¥292.79 million, reflecting a reduction of about 5.9%[16]. - The company reported a decrease in short-term borrowings to ¥311.85 million from ¥316.60 million, a reduction of about 1.5%[16]. Assets Overview - Total assets at the end of the reporting period were ¥9,526,396,248.47, an increase of 3.18% from the end of the previous year[8]. - As of March 31, 2022, the company's total assets amounted to approximately ¥9.53 billion, an increase from ¥9.23 billion at the end of 2021, reflecting a growth of about 3.3%[14]. - The company's non-current assets totaled approximately ¥4.53 billion, an increase from ¥4.11 billion, showing a growth of around 10%[16]. - The company's inventory as of March 31, 2022, was reported at ¥371.70 million, an increase from ¥309.18 million, reflecting a growth of approximately 20.2%[14]. - The company's financial assets at fair value through profit or loss decreased to ¥2.62 billion from ¥3.73 billion, a decline of approximately 29.9%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,933[10]. - The net assets attributable to shareholders increased by 1.05% to ¥8,335,785,244.46 compared to the end of the previous year[8]. - The company's retained earnings increased to approximately ¥3.05 billion from ¥2.96 billion, indicating a growth of about 3%[19]. Tax and Expenses - The company’s tax expenses decreased to approximately ¥101.24 million from ¥197.47 million in Q1 2021, reflecting a reduction of 48.7%[20]. Investment Activities - The company reported a significant increase in investment income received, amounting to approximately ¥22.60 million, compared to ¥0.20 million in Q1 2021[25]. - Cash outflow from investing activities amounted to $2.47 billion, compared to $1.84 billion in the prior period[26]. - Net cash flow from investing activities was $425.49 million, a significant improvement from a net outflow of $175.64 million in the previous period[26]. Market and Product Development - The company did not report any new product or technology developments during this period[28]. - There were no significant market expansion or acquisition strategies mentioned in the earnings call[28]. - The company is not applying the new accounting standards for the first quarter of 2022[28].

Financial Performance - The company's operating revenue for 2021 reached ¥9,634,615,988.64, representing a 119.65% increase compared to ¥4,386,399,177.37 in 2020[21] - The net profit attributable to shareholders of the listed company was ¥2,149,712,903.46, a significant increase of 200.61% from ¥715,106,532.01 in the previous year[21] - The net cash flow from operating activities was ¥2,675,353,773.66, up 109.91% from ¥1,274,498,425.27 in 2020[22] - The total assets of the company at the end of 2021 were ¥9,232,365,978.00, an increase of 118.98% compared to ¥4,216,003,024.56 at the end of 2020[22] - The net assets attributable to shareholders of the listed company increased to ¥8,248,785,108.44, a growth of 272.39% from ¥2,215,120,600.82 in 2020[22] - Basic earnings per share increased to 4.72 CNY, a 172.83% increase compared to 1.73 CNY in 2020[23] - The weighted average return on equity rose to 47.73%, an increase of 9.20 percentage points from 38.53% in 2020[23] - The company achieved a significant increase in production capacity with new phenol, acetone, and isopropanol facilities operating at full capacity[33] - The company reported a historical high in key economic indicators, including sales revenue and net profit, contributing to a decrease in the asset-liability ratio[33] - The company reported a significant increase in sales revenue from the East China region, which grew by 122.24% year-on-year, contributing to overall revenue growth[51] Dividend and Retained Earnings - The company plans to distribute a cash dividend of ¥3.91 per 10 shares, totaling ¥215,050,000.00 to shareholders[6] - The retained earnings will primarily support daily operational needs and future investment plans[6] Risks and Compliance - There are no significant risks identified that could adversely affect the company's future development strategy and operational goals[8] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[8] - The company has a standard unqualified audit report issued by Xinyong Zhonghe Accounting Firm[5] - The company acknowledges risks from macroeconomic fluctuations, market demand volatility, and potential safety production risks[99][100] - The company has not experienced significant impacts from the COVID-19 pandemic, maintaining orderly production activities[100] - The company faces competition risks from new market entrants and existing competitors, which could affect product pricing and profitability[100] Research and Development - The company increased its R&D expenses by 67.65% to 15.47 million RMB, indicating a commitment to innovation and product development[47] - The company has established a technology innovation mechanism, with a focus on maintaining high production technology and product quality, achieving international leading levels in its processes[42] - The company emphasizes collaboration with universities and research institutions to develop high-performance polymer materials, enhancing its strategic development in the polymer field[42] - The company is committed to developing new chemical materials and renewable energy products to achieve higher quality growth[96] Production Capacity and Market Position - The company has established a comprehensive upstream and downstream industrial chain for polycarbonate, with annual production capacities of 440,000 tons for phenol, 260,000 tons for acetone, 240,000 tons for bisphenol A, 130,000 tons for polycarbonate, and 100,000 tons for isopropanol, making it the largest producer of phenol and acetone in China[34] - The company has a strong market position in the chemical raw materials and new materials industry, benefiting from a well-coordinated upstream and downstream development strategy[72] - The company plans to invest in projects to produce 100,000 tons/year of high-purity dimethyl carbonate and 600,000 tons/year of propane dehydrogenation, which will enhance its upstream capabilities and diversify its product offerings into general plastics and new energy sectors[41] Environmental and Sustainability Efforts - The company is committed to achieving the national "dual carbon" goals of peak carbon emissions by 2030 and carbon neutrality by 2060[150] - The company has established an environmental protection department to oversee daily environmental protection efforts and ensure compliance with pollution discharge standards[149] - All pollution control facilities operated normally during the reporting period, with pollutants discharged within regulatory limits[145] - The company has developed a comprehensive self-monitoring plan for environmental monitoring, ensuring compliance with national and local regulations[148] Corporate Governance - The company has continuously improved its corporate governance structure and information disclosure in compliance with relevant laws and regulations[103] - The board of directors and supervisory board meetings were conducted in accordance with legal procedures, ensuring all shareholders could exercise their rights effectively[103] - The company approved several key resolutions during the annual general meeting, including the financial budget for 2021 and the appointment of the auditing firm[107] - The company maintained a stable shareholding structure, with no changes in the number of shares held by key executives during the reporting period[109] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[197] - Future acquisitions are being considered to enhance product offerings and market reach[199] - The company aims to leverage its strong leadership to navigate market challenges and capitalize on growth opportunities[114]