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 Q3 2021 was RMB 3,504,414,906.01, representing a year-on-year increase of 36.07%[4] - The net profit attributable to shareholders for Q3 2021 was RMB 352,993,509.50, a decrease of 20.67% compared to the same period last year[4] - The basic earnings per share for Q3 2021 was RMB 0.10, down 28.57% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached RMB 9,535,920,595.43, a 34% increase from RMB 7,126,059,786.22 in the same period of 2020[17] - Net profit for the first three quarters of 2021 was RMB 1,520,982,178.47, representing a 30% increase compared to RMB 1,170,164,558.26 in the previous year[18] - Earnings per share for the first three quarters of 2021 were RMB 0.42, compared to RMB 0.36 in the same period of 2020[18] Assets and Liabilities - The total assets as of the end of Q3 2021 amounted to RMB 16,643,239,314.28, an increase of 7.97% from the end of the previous year[5] - The total liabilities as of the end of the third quarter of 2021 amounted to RMB 3,501,446,921.32, an increase from RMB 2,890,488,463.10 in the same period of 2020[16] - The total equity attributable to shareholders reached RMB 13,141,792,392.96, up from RMB 12,523,587,992.85 year-over-year[16] - The company's total liabilities included short-term borrowings of CNY 150,163,472.23 and accounts payable of CNY 978,835,790.23, highlighting the company's financial obligations[23] Cash Flow - The cash flow from operating activities for the year-to-date period was RMB 2,382,665,105.97, reflecting a year-to-date increase of 42.93%[4] - Operating cash flow for Q3 2021 was CNY 2,382,665,105.97, an increase of 43.0% compared to CNY 1,666,987,528.06 in Q3 2020[20] - Total cash inflow from operating activities reached CNY 8,288,871,811.12, up from CNY 5,909,870,760.33, representing a growth of 40.3% year-over-year[20] - Net cash flow from financing activities was -CNY 1,203,852,395.27, a decline from -CNY 1,095,698,124.22 in Q3 2020, reflecting increased cash outflows for debt repayment and dividend distribution[21] Research and Development - Research and development expenses increased by 107.25% year-on-year, indicating a significant rise in investment in R&D[8] - Research and development expenses increased to RMB 81,565,813.95 in the first three quarters of 2021, up from RMB 39,356,623.34 in the previous year, indicating a focus on innovation[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 81,529[10] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., holds 1,275,166,667 shares, accounting for 35.31% of the total shares[10] - The company has a total of 1,029,000,000 shares held by Shaanxi Hengyuan Investment Group Co., Ltd., representing 28.50% of the total shares[10] - The company has no pledged or frozen shares among the top ten shareholders[10] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] - The company is expected to continue focusing on cash flow management and strategic investments to enhance operational efficiency and market expansion[20]

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].

Financial Performance - Net profit attributable to shareholders was ¥485,011,801.31, representing a 55.80% increase year-on-year[5]. - Operating revenue for the period was ¥2,615,171,352.19, reflecting a growth of 27.62% compared to the same period last year[5]. - Basic earnings per share increased to ¥0.13, up 30.00% from ¥0.10 in the previous year[5]. - The net profit attributable to shareholders of the listed company increased by 56.11% to CNY 474,224,370.37 compared to the same period last year[15]. - Operating profit for Q1 2021 was ¥564,421,194.49, up 57.3% from ¥358,688,642.60 in Q1 2020[26]. - Net profit for Q1 2021 was ¥485,011,801.31, representing a 55.7% increase compared to ¥311,311,361.53 in Q1 2020[27]. - The total profit for Q1 2021 was CNY 707,050,756.32, an increase from CNY 573,702,883.14 in Q1 2020, representing a growth of approximately 23.3%[29]. - The net profit for Q1 2021 reached CNY 631,486,249.63, compared to CNY 524,752,117.46 in the same period last year, marking an increase of about 20.4%[29]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥16,569,029,386.83, an increase of 7.49% compared to the end of the previous year[5]. - Total liabilities increased to ¥3,559,725,325.94, up from ¥2,890,488,463.10, representing a growth of approximately 23.2% year-over-year[20]. - Current liabilities totaled ¥3,493,332,315.72, compared to ¥2,678,412,334.05, indicating a rise of about 30.4% year-over-year[20]. - Non-current liabilities decreased to ¥66,393,010.22 from ¥212,076,129.05, a decline of approximately 68.7% year-over-year[20]. - Total equity attributable to shareholders increased to ¥13,009,304,060.89 from ¥12,523,587,992.85, reflecting a growth of about 3.9% year-over-year[21]. - Cash and cash equivalents rose to ¥5,124,210,203.45 from ¥4,451,598,741.89, an increase of approximately 15.1% year-over-year[22]. - The company's accounts receivable increased by 30.60% to CNY 85,872,200.52, driven by increased sales of construction materials[12]. - The company's construction in progress rose by 118.39% to CNY 174,454,293.96, due to the progress of technical renovation projects[12]. Cash Flow - Net cash flow from operating activities amounted to ¥1,014,387,971.18, a significant increase of 156.92% year-on-year[5]. - The company's operating cash flow net amount increased by 156.92% to CNY 1,014,387,971.18, attributed to reduced bill payments and changes in tax prepayment methods[14]. - Cash inflow from operating activities totaled CNY 2,215,147,553.81, compared to CNY 2,090,444,024.61 in Q1 2020, reflecting an increase of approximately 6.0%[32]. - The net cash flow from operating activities for Q1 2021 was CNY 1,014,387,971.18, significantly higher than CNY 394,831,024.23 in Q1 2020[32]. - The cash outflow for financing activities in Q1 2021 was CNY 300,848,333.33, compared to CNY 213,864,180.02 in Q1 2020, showing an increase in financing costs[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 106,037[9]. - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 1,275,166,667 shares, accounting for 35.31% of total shares[9]. Research and Development - Research and development expenses increased significantly, reflecting the company's commitment to innovation[13]. - Research and development expenses increased to ¥23,705,125.01 in Q1 2021, up from ¥13,441,471.96 in Q1 2020, reflecting a 76.5% rise[26]. Company Strategy and Outlook - The company has not disclosed any significant new product developments or market expansion strategies in this report[10]. - The company is focusing on expanding its market presence and developing new technologies[41]. - Future outlook includes strategic initiatives for growth and potential mergers and acquisitions[42]. - The company is committed to enhancing its product offerings and improving operational efficiency[41].