证券代码：601568 证券简称：北元集团 公告编号：2023-015 陕西北元化工集团股份有限公司 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法律责任。 重要内容提示： 一、 说明会类型 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，陕西北元化工集团股份有 限公司（以下简称"公司"）将于 2023 年 5 月 16 日参加由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的"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"。 二、 说明会召开的时间、地点 时间：2023 年 5 月 16 日（星期二）15:00-17:00 地点："全景路演"（网址：http://rs.p5w.net） 三、 参加人员 公司董事长刘国强，董事、副总经理、财务总监郭建，独立董事相里六续， 副总经理、董事会秘书刘建国，证券事务代表刘娜等 ...

2023 年第一季度报告 证券代码：601568 证券简称：北元集团 陕西北元化工集团股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 审计师发表非标意见的事项 □适用 √不适用 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | --- | --- | --- | |----------------------------------------------|------------------|---------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期 \n增减变动幅度 (%) | | ...

Financial Performance - The company's operating revenue for 2022 was ¥12,589,569,182.66, a decrease of 4.29% compared to ¥13,153,768,325.93 in 2021[17] - The net profit attributable to shareholders for 2022 was ¥1,446,803,513.67, down 21.81% from ¥1,850,484,452.48 in 2021[17] - The net profit after deducting non-recurring gains and losses was ¥1,428,144,674.38, a decrease of 22.20% compared to ¥1,835,714,295.84 in 2021[18] - The net cash flow from operating activities was ¥1,966,363,224.33, down 36.79% from ¥3,110,737,136.08 in 2021[18] - Basic earnings per share decreased by 29.41% to CNY 0.36 in 2022 from CNY 0.51 in 2021[19] - The weighted average return on equity fell by 4.63 percentage points to 9.69% in 2022 from 14.32% in 2021[19] - The total revenue for the company in 2022 was approximately ¥12.22 billion, representing a decrease of 5.36% compared to the previous year[41] - The revenue from the PVC segment decreased by 18.96% year-on-year, amounting to approximately ¥8.44 billion, while the caustic soda segment saw an increase of 64.28% to approximately ¥2.70 billion[41] Assets and Liabilities - The total assets at the end of 2022 were ¥16,737,817,644.90, a slight decrease of 0.33% from ¥16,792,956,761.46 at the end of 2021[18] - The net assets attributable to shareholders at the end of 2022 were ¥13,654,209,291.44, an increase of 1.36% from ¥13,471,294,666.97 at the end of 2021[18] - The company’s total liabilities decreased by 40.27% in notes payable to ¥899,770,000.00, reflecting a reduction in outstanding debts[60] Dividends and Shareholder Engagement - The company plans to distribute a cash dividend of ¥2.6 per 10 shares, totaling approximately ¥1,032,777,778.24 to all shareholders[5] - The company held a total of 3 shareholder meetings, 5 board meetings, and 4 supervisory meetings during the reporting period, ensuring transparency and compliance with relevant laws[107] - At the first extraordinary general meeting on March 17, 2022, shareholders represented 60.17% of the voting shares, approving all proposed resolutions[108] Operational Highlights - The company achieved a PVC production capacity of 1.1 million tons per year and a caustic soda production capacity of 800,000 tons per year[31] - The company produced 1,286,100 tons of PVC, completing 102.88% of the annual plan, and 863,200 tons of caustic soda, completing 102.76% of the annual plan[36] - The company successfully opened export channels for its main products, including PVC, liquid caustic soda, and flake alkali, achieving full coverage in exports[31] Environmental and Social Responsibility - The company achieved zero environmental accidents and completed the A-level environmental performance assessment in Shaanxi Province[28] - The company invested 114.06 million yuan in environmental protection during the reporting period[151] - The company achieved a carbon dioxide emission reduction of 124 kg/tPVC through the use of mercury-free catalysts, and a projected annual reduction of 16,000 tons of CO2 from its sodium carbonate production technology[83] Research and Development - The company has a total of 422 valid authorized patents and 85 trademarks as of December 31, 2022[35] - The company completed the industrial production of five new resin products, increasing its PVC product series to 38[56] - Research and development expenses totaled 79,733,579.35 CNY, with a total R&D investment of 140,098,047.42 CNY, accounting for 1.11% of operating income[53] Governance and Compliance - The company has maintained independence from its controlling shareholder, ensuring no interference in decision-making or financial management[107] - The company has established a robust internal management and control system to ensure compliance with information disclosure regulations, with no incidents of insider trading reported during the period[107] - The company has committed to strictly adhere to the Company Law of the People's Republic of China and relevant regulations regarding the obligations of controlling shareholders, ensuring no interference in the company's management activities[178] Future Outlook - The company aims to align with the "3060" dual carbon goals, emphasizing green, low-carbon, and high-quality development strategies[100] - The company plans to enhance project construction and management efficiency while accelerating its green transformation[101] - Future guidance indicates a positive outlook for revenue growth driven by increased market demand and product innovation[113]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥6,780,773,768.71, representing a 12.42% increase compared to ¥6,031,505,689.42 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was ¥1,197,090,474.47, a 2.49% increase from ¥1,167,988,668.97 in the previous year[14]. - The net profit after deducting non-recurring gains and losses was ¥1,185,025,104.86, up 2.64% from ¥1,154,579,051.80 year-on-year[14]. - The net cash flow from operating activities was ¥1,265,731,006.40, down 10.09% from ¥1,407,829,389.06 in the previous year[14]. - The total assets at the end of the reporting period were ¥16,128,168,646.24, a decrease of 3.96% from ¥16,792,956,761.46 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company were ¥13,404,988,263.71, down 0.49% from ¥13,471,294,666.97 at the end of the previous year[14]. - Basic earnings per share for the first half of 2022 were ¥0.30, a decrease of 6.25% from ¥0.32 in the same period last year[16]. - The weighted average return on net assets was 8.64%, down 0.37 percentage points from 9.01% in the previous year[16]. Operational Highlights - The average operating load rate for the PVC industry was 79.5%, a decrease of 4 percentage points compared to the same period in 2021, with a total PVC production of 11,299,200 tons, down 2.09% year-on-year[20]. - The average market price of PVC in East China was ¥8,737 per ton, reflecting a year-on-year increase of ¥183 per ton, or 2.14%[19]. - The company exported 1,242,300 tons of PVC, an increase of 12.72% compared to the same period in 2021, while imports decreased by 11.95% to 150,300 tons[20]. - The caustic soda production reached 19,650,000 tons, representing a year-on-year growth of 0.8%[21]. - The average operating load rate for the caustic soda industry was 79.3%, remaining stable compared to the same period in 2021[21]. - The main market price for caustic soda in the northwest region increased by ¥1,500 per ton since the beginning of the year[21]. Environmental and Sustainability Efforts - CO2 emissions decreased by 10.24% year-on-year, totaling 3.0986 million tons during the reporting period[29]. - The company has established a comprehensive circular economy industrial chain, effectively utilizing resources throughout the production process[26]. - The company has implemented environmental management practices focusing on "low-carbon production, efficient utilization, source control, and comprehensive governance" to enhance its environmental protection efforts[50]. - The company has achieved a total pollutant discharge of 131.93 tons for carbon dioxide, which is below the approved limit of 268.40 tons, indicating compliance with environmental standards[51]. - The company has completed 3 out of 14 planned environmental performance improvement projects, with 11 projects still in progress[54]. Research and Development - The company has obtained a total of 391 patents, enhancing its technological capabilities in the chemical industry[25]. - The company completed research on new formulations for various resins, providing data support for effective production operations[33]. - The company is investing heavily in R&D, with a budget allocation of 200 million for new technologies aimed at enhancing product efficiency[87]. Shareholder and Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[2]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[3]. - The company has committed to ensuring that related party transactions do not harm the legitimate rights and interests of shareholders[88]. - The company has confirmed that all commitments made regarding its initial public offering remain valid and enforceable[89]. Market and Competitive Landscape - The company faces intensified competition in the chlor-alkali industry due to the expansion of large-scale chlor-alkali enterprises across the country, shifting competition from regional to national levels[42]. - The company plans to enhance product innovation and upgrade through continuous research and development of new technologies, processes, and materials to achieve high-quality sustainable development in the chlor-alkali industry[42]. Financial Management - The company reported a significant increase in accounts receivable, rising by 89.51% to approximately CNY 122.82 million, attributed to higher sales prices[37]. - The financial expenses decreased by 36.69%, primarily due to an increase in interest income, totaling nearly CNY 100 million[34]. - The company reported a total sales revenue of 84,847,046.72 for coal tar oil, with a sales price of 3,625.49, reflecting a 75.23% increase compared to previous periods[97]. Compliance and Regulatory Matters - The management emphasized the importance of maintaining compliance with regulatory standards to avoid potential legal issues in future operations[85]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[62]. - The company has not encountered any issues regarding the integrity of its controlling shareholders or actual controllers during the reporting period[93].

Financial Performance - The company's operating revenue for 2021 was CNY 13,153,768,325.93, representing a 33.49% increase compared to CNY 9,853,511,687.49 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 1,850,484,452.48, which is a 9.87% increase from CNY 1,684,223,760.17 in 2020[23]. - The net profit after deducting non-recurring gains and losses was CNY 1,835,714,295.84, reflecting a 10.50% increase from CNY 1,661,278,860.79 in 2020[23]. - Cash flow from operating activities for 2021 was CNY 3,110,737,136.08, a significant increase of 55.80% compared to CNY 1,996,620,090.75 in 2020[23]. - The total assets at the end of 2021 were CNY 16,792,956,761.46, an 8.95% increase from CNY 15,414,076,455.95 at the end of 2020[23]. - The net assets attributable to shareholders at the end of 2021 were CNY 13,471,294,666.97, which is a 7.57% increase from CNY 12,523,587,992.85 at the end of 2020[23]. - Basic earnings per share remained stable at CNY 0.51 for 2021, unchanged from 2020[24]. - The weighted average return on equity decreased by 4.36 percentage points to 14.32% in 2021 compared to 2020[24]. - The company's asset-liability ratio stood at 19.78%, indicating a low level of financial leverage within the industry[49]. Revenue and Sales - Total operating revenue for Q4 2021 reached CNY 3,617,847,730.50, showing a consistent revenue stream throughout the year[26]. - The net profit attributable to shareholders for Q4 2021 was CNY 329,502,274.01, reflecting a stable performance[28]. - The company achieved operating revenue of CNY 13.15 billion in 2021, a year-on-year increase of 33.49%, primarily driven by a 39.20% increase in PVC sales prices[49]. - The company exported 73,500 tons of PVC, representing a 106.63% increase year-over-year, leading to a 174.60% increase in foreign revenue[56]. - The revenue from the distribution channel was ¥10.55 billion, with a year-on-year growth of 36.73%[117]. Research and Development - The company invested a total of 79.1 million yuan in R&D during the reporting period, implementing 45 technology innovation projects and obtaining 62 patents[37]. - Research and development expenses increased by 20.78% to CNY 0.79 billion, highlighting a commitment to innovation[51]. - The total R&D investment reached 80,781,929.09 RMB, accounting for 0.61% of operating revenue[72]. - The company published 189 papers and was granted 62 patents in 2021, indicating a strong focus on innovation and technology advancement[76]. Production and Capacity - The production capacity for PVC is 1.1 million tons per year, and for caustic soda, it is 800,000 tons per year, with a total production capacity of 2.71 million tons for PVC in China, accounting for over 45% of global capacity[41][40]. - The company produced 1.29 million tons of PVC, 0.87 million tons of caustic soda, and 0.23 million tons of cement, exceeding annual production plans by 3.19%, 3.24%, and 15.36% respectively[49]. - The company's caustic soda production reached 3.89 million tons with an operating rate of 86% during the reporting period[40]. Environmental and Safety Initiatives - The company is focusing on energy-saving and carbon reduction projects, aligning with national carbon neutrality goals[35]. - A comprehensive environmental protection control system was established, achieving annual emission reduction targets[35]. - The company has been recognized with multiple environmental honors, including being a national circular economy standardization pilot enterprise and a "green factory"[171]. - The company reported a total of 301.15 tons of sulfur dioxide emissions, which is below the regulatory limit of 536.8 tons[173]. - The company’s nitrogen oxide emissions were reported at 523.16 tons, significantly lower than the standard limit of 750.82 tons[173]. Corporate Governance - The company has established a robust corporate governance structure, conducting 2 shareholder meetings and 5 board meetings during the reporting period, ensuring transparency and fairness in decision-making[130]. - The board of directors has set up four specialized committees to assist in strategic planning, audit management, personnel appointments, and compensation assessments, ensuring efficient decision-making[131]. - The company emphasizes strict compliance with information disclosure regulations, ensuring timely and accurate communication of relevant information to investors[132]. Market Expansion and Strategy - The company is expanding its market presence both domestically and internationally, with PVC products covering over 20 provinces and regions in China and exports to more than 40 countries[84]. - The company is focusing on developing new applications for PVC, including flooring and medical products, to tap into emerging markets during the 14th Five-Year Plan period[89]. - The company plans to enhance its production management and safety measures, aiming for a stable and efficient production system[123]. Risk Management - The company has outlined various risks and countermeasures in its report, which investors should review[7]. - The fluctuation in raw material prices, particularly coal and calcium carbide, poses a risk to future profitability, prompting the company to optimize its supply chain and adjust procurement strategies[126]. - The company faces significant risks from strict domestic industrial policies affecting the chlor-alkali industry, including measures for emission reduction and elimination of outdated capacity[125]. Employee and Community Engagement - The total number of employees at the parent company and major subsidiaries is 4,034, with 2,945 at the parent company and 1,089 at subsidiaries[157]. - The company is actively involved in community support initiatives, including funding for local events and infrastructure[152]. - A total of 394 employees participated in educational advancement programs, while 587 obtained qualifications through professional assessments during the reporting period[160]. Future Outlook - Future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[138]. - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 1.65 billion[140]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 100 million allocated for potential deals[140].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 3,144,537,779.27, representing a year-on-year increase of 20.24%[4] - The net profit attributable to shareholders was RMB 515,203,707.58, reflecting a growth of 6.22% compared to the same period last year[4] - Basic and diluted earnings per share were both RMB 0.14, an increase of 7.69% year-on-year[4] - The company's net profit for Q1 2022 was CNY 515,203,707.58, an increase of 6.4% compared to CNY 485,011,801.31 in Q1 2021[20] - Operating profit for Q1 2022 reached CNY 606,941,045.94, up from CNY 564,421,194.49 in the same period last year, reflecting a growth of 7.1%[20] - The total profit for Q1 2022 was CNY 610,126,421.15, up from CNY 575,543,582.12 in Q1 2021, marking a growth of 6.0%[20] Cash Flow - The net cash flow from operating activities decreased by 71.31%, primarily due to an increase in the amount of payable notes due[8] - The company reported a net cash flow from operating activities of CNY 290,997,189.88, down 71.3% from CNY 1,014,387,971.18 in the previous year[22] - The company's cash outflow from operating activities was CNY 2,235,723,122.58, significantly higher than CNY 1,200,759,582.63 in the previous year, indicating increased operational expenditures[22] - Cash inflow from operating activities totaled ¥2,282,019,118.87, up from ¥2,104,501,843.86 in the previous year, representing an increase of 8.4%[29] - Cash outflow from operating activities increased significantly to ¥2,029,914,513.96, compared to ¥1,321,782,885.99 in Q1 2021, marking a rise of 53.5%[29] Assets and Liabilities - Total assets at the end of the reporting period were RMB 16,792,956,761.46, showing a slight decrease of 0.54% from the end of the previous year[4] - Total assets decreased to RMB 16,702,043,376.01 as of March 31, 2022, from RMB 16,792,956,761.46 at the end of 2021[16] - Total liabilities as of March 31, 2022, were RMB 2,714,899,294.32, down from RMB 3,321,662,094.49 at the end of 2021, a decrease of 18.3%[16] - The total liabilities decreased to RMB 2,649,077,071.52 in Q1 2022 from RMB 3,238,218,177.64 in Q1 2021, indicating a reduction of 18.2%[25] - The company's total cash and cash equivalents as of March 31, 2022, amounted to RMB 6,736,756,639.06, slightly up from RMB 6,604,754,956.77 at the end of 2021[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,810[9] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., held 1,275,166,667 shares, accounting for 35.31% of the total shares[9] - The company's equity attributable to shareholders increased to RMB 13,987,144,081.69 as of March 31, 2022, compared to RMB 13,471,294,666.97 at the end of 2021, reflecting a growth of 3.8%[16] Research and Development - Research and development expenses decreased to CNY 20,146,176.30 from CNY 23,705,125.01, a reduction of 15.5% year-over-year[20] - Research and development expenses for Q1 2022 were RMB 17,191,860.24, slightly down from RMB 18,713,661.56 in Q1 2021, a decrease of 8.1%[27] Financial Costs - The company incurred financial expenses of CNY -53,843,608.81, compared to CNY -37,635,098.48 in the previous year, indicating an increase in financial costs[20] - The company's financial expenses showed a net income of RMB -53,209,886.43 in Q1 2022, compared to RMB -37,520,215.59 in Q1 2021, indicating an increase in financial costs[27] Other Information - The company did not disclose any new product developments or market expansion strategies in this report[11] - The company has implemented new accounting standards starting from 2022, which may affect future financial reporting[30]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥6,031,505,689.42, representing a 32.54% increase compared to ¥4,550,592,576.23 in the same period last year[13] - The net profit attributable to shareholders of the listed company was ¥1,167,988,668.97, a 61.05% increase from ¥725,216,733.84 in the previous year[13] - The net profit after deducting non-recurring gains and losses was ¥1,154,579,051.80, up 62.53% from ¥710,383,547.00 year-on-year[13] - The net cash flow from operating activities was ¥1,407,829,389.06, an increase of 23.07% compared to ¥1,143,942,855.29 in the same period last year[13] - Basic earnings per share for the first half of 2021 were ¥0.32, a 45.45% increase from ¥0.22 in the same period last year[14] - The weighted average return on net assets was 9.01%, an increase of 0.16 percentage points compared to 8.85% in the previous year[14] - The total comprehensive income for the first half of 2021 reached ¥1,170,522,767.07, compared to ¥855,635,838.91 in the same period of 2020, representing an increase of approximately 37%[93] Assets and Liabilities - The total assets at the end of the reporting period were ¥16,736,958,267.40, an 8.58% increase from ¥15,414,076,455.95 at the end of the previous year[13] - The net assets attributable to shareholders of the listed company increased by 2.12% to ¥12,788,867,679.06 from ¥12,523,587,992.85 at the end of the previous year[13] - Accounts receivable financing increased to ¥3,558,866,199.01, representing 21.26% of total assets, a 62.40% increase from the previous year[28] - The company reported a significant increase in notes payable, reaching ¥2,141,398,013.75, which is 12.79% of total assets, up 118.77% year-over-year[28] - The company’s tax payable rose to ¥206,192,414.37, accounting for 1.23% of total assets, reflecting a 209.97% increase compared to the previous year[28] - The total liabilities reached CNY 4,020,077,326.88, compared to CNY 2,896,565,854.23, which is an increase of approximately 38.83%[88] Market and Production - The PVC market in China saw a significant price increase, reaching a ten-year high, with exports rising by 348% year-on-year to 1.102 million tons in the first half of 2021[17] - The domestic caustic soda production increased by 10.8% year-on-year, totaling 19.26 million tons in the first half of 2021[17] - The company has a production capacity of 1.1 million tons/year for PVC and 800,000 tons/year for ion-exchange membrane caustic soda[17] - The company successfully captured an increase in PVC export volume, achieving record-high export orders and prices during the reporting period[25] - The company’s sales model includes both direct sales and distribution, with a stable customer base for its PVC and caustic soda products[19] Research and Development - Research and development expenses rose by 113.92% year-on-year, totaling approximately ¥50.81 million, driven by an increase in R&D personnel[26] - The company’s R&D center focuses on technological innovation, fostering a skilled technical team to support new product development[20] - The company has developed 30 different grades of resin products, with a production capacity of 50 types across six categories, establishing a strong market presence in both domestic and international markets[20] Environmental and Social Responsibility - The company has implemented technical upgrades to pollution control facilities, improving their capacity to reduce emissions while ensuring compliance[43] - The company achieved a reduction of approximately 1 million tons of CO2 emissions annually by utilizing calcium carbide slag as a raw material in cement production[51] - The company has invested 2.2 million yuan in poverty alleviation efforts, resulting in the complete eradication of poverty for 190 households[52] - The company has established a leadership group to support rural revitalization, ensuring orderly progress in poverty alleviation efforts[53] Corporate Governance and Compliance - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[39] - The company has established a framework for reporting and disclosing share transactions to ensure compliance with market regulations[59] - The company is committed to upholding these agreements and will bear legal responsibilities for any breaches[62] - The company maintains a strong commitment to corporate governance and has not faced any integrity issues during the reporting period[68] Financial Management - Financial expenses decreased significantly by 558.66%, with interest expenses dropping by 97.48% and interest income increasing by 263.74%[26] - The company reported a financial expense of -¥80,153,424.70 in the first half of 2021, a decrease from ¥17,475,677.69 in the same period of 2020, indicating improved financial management[90] - The company has implemented a comprehensive cost control strategy, identifying 33 performance indicators and 35 potential cost-saving points[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 94,184[75] - The total equity attributable to shareholders rose to CNY 12,788,867,679.06 from CNY 12,523,587,992.85, showing an increase of about 2.12%[85] - The company has a significant shareholder structure with the top ten shareholders holding a total of 3,500,000,000 shares, which is approximately 97.5% of the total shares[80] Accounting Policies - The company’s financial statements are prepared based on the going concern assumption, indicating no significant doubts about its ability to continue operations for the next 12 months[110] - The company adheres to the accounting standards set forth by the Ministry of Finance, ensuring that financial reports accurately reflect its financial position and performance[111] - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[113]

Financial Performance - The company's operating revenue for 2020 was approximately ¥9.85 billion, a decrease of 1.92% compared to ¥10.05 billion in 2019[15]. - The net profit attributable to shareholders for 2020 was approximately ¥1.68 billion, an increase of 1.43% from ¥1.66 billion in 2019[15]. - The net cash flow from operating activities increased by 38.28% to approximately ¥1.99 billion in 2020, compared to ¥1.44 billion in 2019[16]. - The total assets at the end of 2020 were approximately ¥15.41 billion, reflecting a 31.67% increase from ¥11.71 billion at the end of 2019[16]. - The net assets attributable to shareholders increased by 58.79% to approximately ¥12.52 billion at the end of 2020, compared to ¥7.89 billion at the end of 2019[16]. - Basic earnings per share for 2020 remained at CNY 0.51, unchanged from 2019[17]. - Weighted average return on equity decreased to 18.68% in 2020, down 4.17 percentage points from 2019[17]. - The total cost for the period was 7,023,615,818.38 CNY, an increase of 7.91% compared to the previous year[41]. - The gross profit margin for the basic chemical raw materials manufacturing sector decreased by 7.01 percentage points to 26.48%[37]. - The company reported a total of 68,215,394.12 CNY in R&D investments, representing 0.69% of total revenue[46]. Cash Flow and Investments - The net cash flow from operating activities increased by 38.28% to ¥1,996,620,090.75 compared to the previous year[49]. - The net cash flow from investing activities improved by 56.95%, amounting to -¥43,217,499.44, due to the completion of the 1 million tons/year PVC upgrade project[50]. - The net cash flow from financing activities surged by 270.10% to ¥1,990,848,512.28, primarily from raised funds of ¥3.457 billion[50]. - The company's cash and cash equivalents reached ¥4,502,456,455.98, representing 29.21% of total assets, a 703.36% increase from the previous year[51]. - The company received fundraising of CNY 3.457 billion during the reporting period, significantly increasing financing cash flow by 270.1%[35]. Production and Capacity - The company has a production capacity of 1.1 million tons/year for PVC and 800,000 tons/year for caustic soda[24]. - The company achieved its best historical production levels for all major products during the reporting period[29]. - The company has an annual production capacity of 1.1 million tons of PVC, ranking third in the industry, and is the largest salt conversion project in Shaanxi Province[27]. - The company successfully produced three types of eco-friendly resins and expanded its product line to 28 types of PVC products[31]. - The company has developed a diversified industrial chain, integrating coal, salt, power, acetylene, caustic soda, PVC, and cement production[58]. Risk Management and Compliance - The company has established a four-level risk management mechanism to cover all aspects of risk control[30]. - The company has detailed various risks and countermeasures in its report, which can be found in the section discussing operational risks[7]. - The company has received a standard unqualified audit report from Sigma Accounting Firm[2]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥2.5 per 10 shares, totaling approximately ¥902.78 million based on the total share capital of 3,611,111,112 shares[5]. - The company declared a cash dividend of 2.5 CNY per 10 shares, totaling 902,777,778.00 CNY, which represents 53.60% of the net profit attributable to ordinary shareholders[79]. - The cash dividend in 2019 was 1.5 CNY per 10 shares, totaling 487,500,000.00 CNY, which was 29.36% of the net profit[79]. - The company has maintained a consistent approach to dividend distribution over the past three years, with a focus on increasing shareholder returns[79]. Environmental and Social Responsibility - The company has implemented a comprehensive safety management system to achieve zero harm, zero accidents, and zero pollution[119]. - The company has made significant investments in environmental protection, achieving compliance with various pollution discharge standards[120]. - The company achieved "zero discharge" of production wastewater through the successful implementation of new water purification technology[48]. - The company has actively participated in community support initiatives, including donations of materials and funds for poverty alleviation[112]. - The company invested 40 million in three poverty alleviation projects, helping 106 registered impoverished individuals to escape poverty[116]. Future Outlook and Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming fiscal year[188]. - The company provided a positive outlook for 2021, projecting a revenue growth of 10% to 12% based on market expansion strategies[153]. - The company aims to achieve carbon neutrality by 2025, aligning with global sustainability trends[154]. - The company is exploring potential acquisitions to strengthen its supply chain, with a budget of 500 million RMB allocated for this purpose[157]. - A new strategic partnership was formed with a leading technology firm to enhance production efficiency, expected to reduce costs by 5%[158].