证券代码：601015 证券简称：陕西黑猫 公告编号：2023-056 陕西黑猫焦化股份有限公司 关于控股股东股份解质押及再质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: ●近日，陕西黑猫焦化股份有限公司（简称"公司"）收到控股股东陕西黄河 矿业（集团）有限责任公司（简称"黄河矿业"）将其持有的部分公司股份进行解 质押及再质押的通知，截至公告日，黄河矿业持有本公司股份 922,028,420 股，占 公司总股本的 45.14%；黄河矿业累计质押本公司股份 270,500,000 股，占其所持公 司股份的 29.34%，占公司总股本的 13.24%。 近日，公司收到控股股东黄河矿业的通知，黄河矿业将其原质押给长安银行股 份有限公司韩城市支行的公司无限售流通股 71,000,000 股进行了解除质押后，将 其所持有的公司无限售流通股 93,000,000 股质押给长安银行股份有限公司渭南 分行，现将相关情况公告如下： | 股东名称 | 陕西黄河矿业（集团）有限责任公司 | | --- | --- ...

一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2023年1月17日，公司第五届董事会第十九次会议审议通过了《关于预计公司 与关联方2023年日常关联交易的议案》，该议案对公司2023年度向关联方陕西省 物资产业集团总公司全资子公司陕西省物资再生利用总公司（简称"物资再生公 司"）采购电石的日常关联交易事项进行了预计，同意公司向关联方物资再生公 司采购电石，预计全年交易金额3,000万元（不含税）。 证券代码：601015 证券简称：陕西黑猫 公告编号：2023-054 陕西黑猫焦化股份有限公司 关于增加 2023 年度日常关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●本次关联交易无需提交陕西黑猫焦化股份有限公司（简称"公司"）股东大 会审议。 ●交易对公司的影响：本次增加的日常关联交易为正常生产经营行为，以市场 价格为定价标准，没有影响公司的独立性，不会对关联方形成依赖。 本次增加日常关联交易金额未超过公司最近一期经审计净资产的5%，根据《上 海证券交易所股票上市规则》和 ...

关于公司第五届董事会第三十二次会议相关事项的独立意见 陕西黑猫焦化股份有限公司独立董事 - 1 - 根据有关法律法规和公司章程的规定，作为陕西黑猫焦化股份有限公司的独 立董事，我们认真履行独立董事的工作职责，审阅了公司第五届董事会第三十二 次会议相关文件，现基于独立判断立场，就本次董事会相关事项发表独立意见如 下。 关于增加 2023 年度日常关联交易的独立意见 本次增加公司向关联方物资再生公司采购电石交易金额是由于年初预计交易 金额较小，使得关联交易金额超出预计，是公司正常的生产经营需要，遵循了公 平、公正、公开的原则，双方交易价格按照市场价格结算，不存在损害公司及中 小股东利益的行为，公司主营业务不会因交易而对关联方形成依赖，没有影响公 司的独立性。 （本页无正文，为陕西黑猫焦化股份有限公司独立董事关于第五届董事会第三十 二次会议相关议案的独立意见签署页） 独立董事（签署）： 贾茜 同意公司本次增加 2023 年度日常关联交易事项。 - 1 - 乔士坤 张学华 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2023, reaching RMB 1.2 billion, representing a 15% year-over-year growth[1]. - The company's operating revenue for the first half of 2023 was ¥9,114,532,523.01, a decrease of 27.50% compared to ¥12,571,298,953.64 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2023 was a loss of ¥64,082,599.50, representing a decline of 114.70% from a profit of ¥436,008,746.10 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥62,523,952.73, down 114.35% from ¥435,821,873.77 in the same period last year[24]. - The company's basic earnings per share for the first half of 2023 was -¥0.03, a decrease of 114.29% from ¥0.21 in the same period last year[25]. - The weighted average return on net assets was -0.73%, a decrease of 5.75 percentage points from 5.02% in the previous year[25]. - The decline in revenue and profit was primarily due to a decrease in sales volume and prices of coke and chemical products[26]. - The company reported a net profit for the first half of 2023 was a loss of ¥119,089,204.73, compared to a profit of ¥506,138,716.24 in the first half of 2022, representing a significant decline[130]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 1,514.15%, reaching ¥842,995,002.82, compared to a negative cash flow of ¥59,611,512.54 in the previous year[24]. - The company reported a net cash flow from operating activities of ¥842,995,002.82 for the first half of 2023, compared to a negative cash flow of ¥59,611,512.54 in the first half of 2022[135]. - The company reported a total cash inflow from operating activities of ¥3,477,192,309.16, up from ¥2,365,608,965.35 in the first half of 2022, indicating a year-over-year increase of approximately 47.0%[137]. - The company raised ¥641,000,000.00 in new borrowings during the first half of 2023, compared to ¥575,000,000.00 in the same period of 2022, representing an increase of 11.4%[137]. - The net cash flow from financing activities was ¥28,068,610.11, a decrease from ¥293,930,756.10 in the first half of 2022, indicating a decline of approximately 90.4%[137]. Market Expansion and Strategic Initiatives - User data indicates a 20% increase in active customers, totaling 500,000 users by the end of June 2023[1]. - The company has provided a positive outlook for the second half of 2023, projecting a revenue growth of 10% to 12%[1]. - New product launches are expected to contribute an additional RMB 200 million in revenue by the end of the year[1]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[1]. - The company is considering strategic acquisitions to enhance its supply chain, with a budget of RMB 300 million allocated for potential deals[1]. - The company plans to expand its market presence through strategic acquisitions and investments in new technologies[54]. Environmental and Sustainability Initiatives - The management highlighted a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[1]. - The company has established a comprehensive industrial chain with zero wastewater discharge and compliance with environmental standards, but stricter environmental regulations may increase operational costs and impact profitability[60]. - The company has implemented various pollution control measures, including wet, semi-dry, and dry desulfurization technologies[75]. - The company has established a comprehensive environmental monitoring plan, with results reported to government authorities and made publicly available[78]. - The company has taken corrective actions in response to environmental penalties, ensuring no adverse impact on production operations[80]. Acquisitions and Investments - The company completed the acquisition of Jinbaolifeng under common control, which affected the financial results for the period[26]. - The company acquired 100% equity of Jinbaolifeng in May to enhance raw material supply for its Xinjiang project[43]. - The company has included new subsidiaries in its consolidation scope, including Jinbaolifeng, acquired through Xinjiang Heimao, which may impact future financial performance[147]. Financial Integrity and Governance - No non-operational fund occupation by controlling shareholders was reported, ensuring financial integrity[1]. - The company has committed to maintaining strict adherence to environmental protection responsibilities across all levels of staff[85]. - The company’s commitments regarding related party transactions have been strictly fulfilled, ensuring transparency and compliance[88]. - The company and its controlling shareholders will avoid unnecessary related-party transactions and ensure fairness and transparency in necessary transactions[94]. - The company maintained a good integrity status, with no records of failing to fulfill court judgments or significant debts due[101]. Risks and Challenges - The company faces risks related to industry policies, including the requirement to eliminate outdated production capacity by October 2024, which may impact its annual coke production capacity of 1.2 million tons[57]. - Fluctuations in the prices of key raw materials, particularly premium coal, could significantly affect production costs, especially given the tightening supply and increased regulatory barriers in the coal mining sector[59]. - Safety risks are inherent in the coal chemical industry, with potential hazards from flammable and toxic materials, which could lead to accidents affecting production and financial performance[62]. Accounting and Financial Reporting - The company’s accounting policies are tailored to its production and operational characteristics, particularly regarding fixed asset depreciation and revenue recognition[150]. - The company’s financial statements reflect a commitment to transparency and compliance with relevant regulations, ensuring a true and complete representation of its financial status[151]. - The company applies the equity method for accounting investments in joint ventures, recognizing its share of assets and liabilities accordingly[162]. - Financial instruments are classified into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[167].

活动地址："全景路演" 网址：http://rs.p5w.net 证券代码：601015 证券简称：陕西黑猫 公告编号：2023-036 陕西黑猫焦化股份有限公司 关于参加"2023 年陕西辖区上市公司投资者集体接待日 暨 2022 年度业绩说明会"的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广 大投资者沟通交流，进一步提升投资者关系管理水平，陕西上市公司协会根据陕 西证监局工作部署，联合深圳市全景网络有限公司举办"2023 年陕西辖区上市公 司投资者集体接待日暨 2022 年度业绩说明会活动"。 届时，陕西黑猫焦化股份有限公司董事长及相关高管人员将通过互动平台与 投资者进行网络沟通和交流，欢迎广大投资者踊跃参加！ 活动时间：2023 年 5 月 16 日 15:00-17:00。 特此公告。 陕西黑猫焦化股份有限公司董事会 2023 年 5 月 9 日 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 5,011,470,612.99, representing a decrease of 11.25% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 55,986,627.00, down 76.38% year-on-year[5]. - The basic earnings per share decreased by 75.00% to CNY 0.03[6]. - Net profit for Q1 2023 was CNY 32,924,903.41, down from CNY 291,609,987.40 in Q1 2022, representing a decline of 88.69%[14]. - The company reported a gross profit margin of approximately 2.5% in Q1 2023, down from 5.2% in Q1 2022[14]. - Earnings per share for Q1 2023 was CNY 0.03, down from CNY 0.12 in Q1 2022[14]. Cash Flow - The net cash flow from operating activities increased significantly by 343.75% to CNY 284,772,527.44[5]. - In Q1 2023, the company reported a net cash flow from operating activities of ¥284,772,527.44, a significant increase from ¥64,174,401.13 in Q1 2022, representing a growth of approximately 343%[15]. - The total cash inflow from operating activities was ¥3,924,592,970.91, compared to ¥3,217,855,976.36 in the same period last year, indicating an increase of about 22%[15]. - Cash outflow for purchasing goods and services rose to ¥2,561,100,490.13 from ¥1,745,349,294.99, marking an increase of approximately 47%[15]. - The company incurred a net cash flow from investing activities of -¥86,369,824.73, worsening from -¥59,439,293.19 in Q1 2022[15]. - Cash inflow from financing activities totaled ¥933,000,000.00, up from ¥657,300,000.00, reflecting an increase of around 42%[15]. - The net cash flow from financing activities was -¥280,841,939.80, a decline from a positive net cash flow of ¥37,477,246.97 in the previous year[15]. - The ending cash and cash equivalents balance decreased to ¥298,861,906.59 from ¥581,780,966.79, a drop of approximately 49%[15]. - The company received ¥733,000,000.00 in new borrowings, compared to ¥495,500,000.00 in Q1 2022, representing a growth of about 48%[15]. - The company reported a total of ¥105,663,361.00 in taxes paid, down from ¥123,171,586.36, indicating a decrease of approximately 15%[15]. - The cash received from tax refunds increased significantly to ¥73,950,903.65 from ¥31,930.22, showing a growth of over 131%[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,373,068,752.14, a slight increase of 0.09% from the end of the previous year[6]. - Total assets as of March 31, 2023, amounted to CNY 21,373,068,752.14, slightly up from CNY 21,353,461,867.32 at the end of 2022[14]. - Total liabilities decreased to CNY 10,323,713,999.02 from CNY 10,354,308,801.56 year-over-year[14]. - Cash and cash equivalents increased to CNY 2,157,573,771.54 from CNY 2,027,831,745.08, reflecting a growth of 6.42%[12]. - Inventory decreased to CNY 1,980,723,110.11 from CNY 2,114,675,226.45, a reduction of 6.32%[13]. - Long-term investments increased to CNY 1,924,121,414.26 from CNY 1,783,242,926.27, indicating a growth of 7.88%[13]. - The company’s short-term borrowings decreased to CNY 1,938,135,715.29 from CNY 2,220,387,598.06, a decline of 12.66%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 114,499[9]. - The largest shareholder, Shaanxi Huanghe Mining Group, holds 45.14% of the shares, amounting to 922,028,420 shares[9]. Corporate Actions - The decline in net profit was primarily due to a decrease in the sales prices of the company's main products, which fell more than the decline in raw coal procurement prices[7]. - The company announced the termination of its plan to issue convertible bonds to unspecified investors on April 20, 2023[11].

Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 0.1 per share, totaling RMB 204,249,763.9, which represents 73.49% of the net profit attributable to shareholders for the year 2022[6]. - The average cash dividend payout ratio from 2020 to 2022 was 42.79% of the net profit attributable to ordinary shareholders[6]. - The company has a cash dividend policy prioritizing cash dividends when conditions are met, ensuring a balance between investor returns and sustainable development[147]. - The company has adjusted its profit distribution policy to protect shareholder rights, which was approved at the fourth extraordinary general meeting of shareholders in 2022[148]. - The company’s future three-year (2022-2024) shareholder dividend return plan was approved during the shareholder meetings[115]. Financial Performance - The company's operating revenue for 2022 was approximately CNY 23.20 billion, representing a 22.78% increase compared to CNY 18.90 billion in 2021[22]. - The net profit attributable to shareholders of the listed company decreased by 81.80% to CNY 277.93 million in 2022 from CNY 1.53 billion in 2021[22]. - The net profit after deducting non-recurring gains and losses was CNY 294.40 million, down 78.38% from CNY 1.36 billion in the previous year[22]. - Cash flow from operating activities increased significantly to CNY 349.05 million, compared to CNY 13.25 million in 2021[22]. - Total assets at the end of 2022 were CNY 21.35 billion, a 3.02% increase from CNY 20.73 billion at the end of 2021[22]. - The net assets attributable to shareholders increased by 3.15% to CNY 8.75 billion at the end of 2022 from CNY 8.48 billion at the end of 2021[22]. - The basic earnings per share for 2022 was 0.14 RMB, a decrease of 83.13% compared to the previous year[24]. - The weighted average return on equity decreased by 18.45 percentage points to 3.23% compared to the previous year[24]. Operational Highlights - The company is focused on enhancing its product offerings and expanding its market presence through strategic initiatives[22]. - Future outlook includes potential investments in new technologies and product development to drive growth[22]. - The company aims to leverage its existing resources to optimize operational efficiency and improve profitability[22]. - Ongoing efforts in mergers and acquisitions are being considered to strengthen market position and expand capabilities[22]. - The company produced approximately 3.88 million tons of coke during the reporting period[36]. - The construction of a 1 million tons/year coke production facility is expected to be completed in the second half of 2023[36]. - The company has established a wholly-owned subsidiary, Shaanxi Heikou Logistics Trading Co., with a registered capital of 100 million RMB[37]. - The company acquired 100% equity of Kuqa Jinguo Coal Mine for 578 million RMB during the reporting period[37]. Risk Management - The company has detailed various risks faced in its production and operations in the report[8]. - The company emphasizes the uncertainty of forward-looking statements and advises investors to be aware of investment risks[7]. - The company faces risks related to fluctuations in the prices of raw materials, particularly premium coal, which is essential for coke production and is subject to market volatility[101]. - The company is exposed to safety production risks due to the hazardous nature of its operations, which could lead to accidents and impact its business[104]. - The company has implemented various energy-saving measures, including reducing electricity, oil, and gas consumption, and has established a comprehensive energy management and efficiency evaluation system[168]. Governance and Compliance - The company has a commitment to ensuring the accuracy and completeness of the financial report as stated by its management[5]. - The company has not faced any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company is committed to improving its governance structure in accordance with relevant laws and regulations to enhance operational standards[108]. - The company has maintained a good integrity status, with no records of failing to fulfill court judgments or significant debts due[189]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[189]. Environmental Responsibility - The company invested CNY 81,254,880 in environmental protection during the reporting period[155]. - The company and its subsidiaries were listed as key monitoring pollution enterprises by environmental protection authorities[156]. - The company has completed environmental impact assessments and obtained necessary permits for its projects, ensuring compliance with environmental regulations[160]. - The company received a total of 500,000 RMB in administrative penalties due to exceeding emission limits for particulate matter, nitrogen oxides, and sulfur dioxide, with five penalties issued by the Han City Ecological Environment Bureau[163]. - The company has developed emergency response plans for environmental incidents and conducted training for all employees[161]. Shareholder Commitments - Major shareholders are prohibited from engaging in competitive businesses that may conflict with the company's operations, ensuring no direct or indirect competition[175]. - The commitments made by shareholders are irrevocable and remain in effect as long as they hold shares in the company[174]. - The company emphasizes the importance of protecting the interests of all shareholders through strict adherence to these commitments[177]. - Related-party transactions must adhere to principles of equality, voluntariness, and compensation to protect shareholder interests[177]. Management and Leadership - The company has seen no changes in shareholding for key executives during the reporting period[117]. - The company plans to maintain its current management structure through 2024, with several directors and supervisors serving until December 2024[117]. - The company appointed Zhang Linxing as the new chairman on June 21, 2022, following the resignation of Li Baoping[122]. - The company reported a change in senior management, with Liu Finyan appointed as vice president and Wang Airong as vice president and chief engineer on July 11, 2022[124]. - The total remuneration for all directors, supervisors, and senior management was RMB 4.1281 million (pre-tax) for the reporting period[131].

● 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：上证路演中心网络互动 证券代码：601015 证券简称：陕西黑猫 公告编号：2023-014 陕西黑猫焦化股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要提示： ●会议召开时间：2023 年 4 月 3 日（星期一）11:00-12:00 ●投资者可于 2023 年 3 月 27 日（星期一）至 03 月 31 日（星期五）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 ： heimaocoking@126.com 进行提问。公司将会于 2022 年度业绩说明会（以下简称"业 绩说明会"）上对投资者普遍关注的问题进行回答。 陕西黑猫焦化股份有限公司（以下简称"公司"）将于 2023 年 3 月 30 日发布 公司 2022 年度报告，为便于广大投资者更全面深入 ...

证券代码：601015 证券简称：陕西黑猫 陕西黑猫焦化股份有限公司 投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |-----------------------|-----------------------------------------------|--------------------------------------------------------------------------------------| | 投资者关系活 动类别 | 特定对象调研； 说明会； 字说明其他活动内容） | 腾讯会议； 电话会议；□媒体采访；□业绩 新闻发布会；□路演活动；□现场参观；□其他（请文 | | | 1. | 国君能源开采 薛阳、邓铖琦 | | | 2. 国寿资产 张祖贤 | | | | 3. 建信基金 许杰 | | | | 4. 信达澳银基金 | 张明烨 | | | | | | | 5. 中欧基金 汤洁 | | | 参与单位名称 | 6. 汇添富基金 | 徐逸舟 | | 及人员姓名 | 7. 交银施罗德基金 | 徐森洲 | | | 8. 创金合信 谢天 ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 5,377,897,632.96, representing a year-on-year increase of 3.99% compared to CNY 5,171,653,358.59 in the same period last year[6]. - The net profit attributable to shareholders for Q3 2022 was a loss of CNY 196,274,709.83, a decrease of 153.82% compared to a profit of CNY 385,783,984.61 in the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was a loss of CNY 181,369,746.11, down 173.80% year-on-year[7]. - The basic earnings per share for Q3 2022 was -CNY 0.10, a decrease of 147.62% compared to CNY 0.20 in the same period last year[7]. - The weighted average return on equity for Q3 2022 was -2.22%, a decrease of 6.18 percentage points from 5.00% in the same period last year[7]. - The net profit attributable to the parent company's shareholders was CNY 239,855,307.75, a decrease from CNY 1,337,890,926.40 in the same period last year, representing a decline of approximately 82.1%[24]. - The total profit amounted to CNY 399,063,629.19, down from CNY 1,819,969,106.62, indicating a decrease of about 78.0% year-over-year[24]. - The operating profit was CNY 402,754,238.80, significantly lower than CNY 1,820,494,872.49 from the previous year, reflecting a decline of approximately 77.9%[24]. - The total comprehensive income was CNY 240,197,385.98, down from CNY 1,669,992,353.85, reflecting a decrease of approximately 85.6% year-over-year[24]. - The basic earnings per share decreased to CNY 0.12 from CNY 0.76, indicating a decline of approximately 84.2%[24]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 603,264,897.52, compared to a negative cash flow of CNY 122,355,060.79 in the same period last year, reflecting a significant improvement[7]. - The net cash flow from operating activities was CNY 603,264,897.52, a turnaround from a negative cash flow of CNY -38,775,338.34 in the same period last year[28]. - The cash flow from financing activities showed a net outflow of CNY -671,275,313.69, contrasting with a net inflow of CNY 691,886,526.72 in the previous year[28]. - The company reported a cash and cash equivalents balance of CNY 390,466,553.06 at the end of the period, down from CNY 754,495,287.55 in the previous year[28]. - Cash and cash equivalents as of September 30, 2022, amounted to CNY 1,879,317,500.35, slightly up from CNY 1,829,567,796.54 at the end of 2021[19]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 20,756,977,561.62, a slight increase of 0.14% compared to CNY 20,728,184,045.88 at the end of the previous year[7]. - Total assets as of September 30, 2022, were CNY 20,756,977,561.62, a slight increase from CNY 20,728,184,045.88 at the end of 2021[21]. - Total liabilities as of September 30, 2022, were CNY 9,718,155,901.64, down from CNY 9,954,990,490.52 at the end of 2021, indicating a decrease of approximately 2.4%[21]. - The company reported a total equity of CNY 11,038,821,659.98 as of September 30, 2022, compared to CNY 10,773,193,555.36 at the end of 2021, reflecting an increase of about 2.5%[21]. - The equity attributable to shareholders at the end of the reporting period was CNY 8,745,524,065.32, an increase of 3.13% compared to CNY 8,480,229,862.66 at the end of the previous year[7]. - The company’s long-term equity investments decreased to CNY 1,766,623,468.62 as of September 30, 2022, from CNY 2,280,075,601.16 at the end of 2021, a decline of approximately 22.5%[19]. Operational Performance - The company experienced a significant decline in profit margins due to rising raw material costs, which outpaced the price increase of its main product, coke[13]. - Total operating revenue for the first three quarters of 2022 reached CNY 17,949,196,586.60, an increase from CNY 14,689,397,207.74 in the same period of 2021, representing a growth of approximately 22.9%[21]. - Total operating costs for the first three quarters of 2022 were CNY 17,570,142,582.86, compared to CNY 13,278,714,747.57 in 2021, indicating an increase of about 32.4%[21]. Non-Recurring Items - The company reported non-recurring losses totaling CNY 14,904,963.72 for the current period, primarily due to asset disposal losses and other operating expenses[10]. - The company received CNY 720,300,000.00 in investment income, compared to no income reported in the same period last year[28]. Corporate Governance - The company’s actual controller and major shareholders have familial ties, which may influence corporate governance and decision-making[16].