Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[17]. - Net profit for the period was RMB 300 million, up 20% compared to the same period last year[17]. - The company's operating revenue for the first half of the year was approximately ¥3.48 billion, a decrease of 4.62% compared to the same period last year[23]. - Net profit attributable to shareholders increased by 10.15% year-on-year, reaching approximately ¥650.98 million[23]. - The net cash flow from operating activities surged by 154.98%, amounting to approximately ¥1.11 billion[23]. - The company's total assets grew by 17.58% year-on-year, reaching approximately ¥5.51 billion[23]. - Basic earnings per share rose to ¥3.21, reflecting a 9.93% increase compared to the previous year[23]. - The company reported a total of 81,845,418.44 RMB in related party transactions for labor and procurement services, accounting for 12.56% of similar transactions[106]. - The company reported a total comprehensive income of CNY 650,976,297.33 for the first half of 2022, compared to CNY 672,665,356.45 in the same period of 2021, indicating a slight decrease of about 3.2%[178]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[17]. - The company is focused on transitioning to new energy and new materials, achieving significant results in project layout, base construction, and technological innovation despite economic pressures[36]. - The company plans to invest in a 200,000 tons/year electrolyte project in Wuhan and Meishan, with a total planned capacity of 700,000 tons/year for electrolyte production[35]. - The company is actively pursuing technology development in multiple routes, collaborating with Xiamen University and leveraging research strengths from China University of Petroleum (East China)[35]. - The company aims to enhance its market expansion strategies, focusing on new product development and technological advancements[192]. Research and Development - Research and development expenses increased by 25% to RMB 150 million, focusing on new product innovations[17]. - Research and development expenses amounted to ¥151,389,896.07, a decrease of 7.78% from ¥164,161,743.90[39]. - The company obtained 66 new patents in the first half of 2022, including 1 invention patent and 65 utility model patents[38]. - The company is focusing on technology innovation in five key areas, including new lithium battery materials and solvent processes, in collaboration with various research institutions[38]. Risk Management - The company has outlined potential risks in its management discussion, including market volatility and supply chain disruptions[8]. - The company faces systemic risks due to macroeconomic fluctuations, including potential impacts from the ongoing COVID-19 pandemic and geopolitical tensions such as the Russia-Ukraine conflict[72]. - Investment risks are present in the new energy sector, with potential for lower-than-expected consumer demand and rapid technological changes[72]. - The company has implemented a strict HSE management system to mitigate production operation risks and natural disaster risks[72]. - Environmental policy risks are acknowledged, with potential increases in expenditures due to stricter environmental regulations[72]. Environmental Compliance - The company reported a total wastewater discharge of 1,902,799 tons during the reporting period, with average concentrations of chemical oxygen demand and ammonia nitrogen at 24.9 mg/L and 0.54 mg/L, respectively[84]. - The company’s emissions of sulfur dioxide, nitrogen oxides, and particulate matter from the coal-fired boiler met the required standards, with average concentrations of 23.9 mg/m3, 44.7 mg/m3, and 1.05 mg/m3[85]. - The company has installed an online monitoring system for flue gas emissions and has a wastewater treatment plant operated by a subsidiary[85]. - There were no instances of exceeding pollutant discharge limits during the reporting period[90]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[91]. Shareholder and Corporate Governance - The board of directors confirmed that all members attended the meeting, ensuring accountability for the report's accuracy[4]. - The company completed the stock option registration for the 2022 stock option incentive plan on July 15, 2022[82]. - The company has committed to not providing any financial assistance or loans to incentive recipients under the incentive plan[98]. - The company has committed to lock up its original shares from November 4, 2021, to November 3, 2024, reflecting confidence in future development[100]. - The total number of ordinary shareholders reached 58,606 by the end of the reporting period[120]. Financial Position and Assets - Cash and cash equivalents increased to ¥1,768,835,645.25, representing 32.08% of total assets, up from 18.47% in the previous year[45]. - The company’s inventory increased to ¥466,489,329.83, accounting for 8.46% of total assets, reflecting an increase in stock levels[45]. - Total assets increased to CNY 5,513,949,273.85 from CNY 4,689,609,218.61, representing a growth of approximately 17.6% year-over-year[139]. - Total liabilities rose to CNY 1,306,926,136.52 compared to CNY 1,111,938,468.42, reflecting an increase of approximately 17.5%[139]. - Shareholders' equity increased to CNY 4,207,023,137.33 from CNY 3,577,670,750.19, marking a growth of around 17.6%[139].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,770,539,198.93, representing a year-on-year increase of 5.10%[6] - Net profit attributable to shareholders was ¥450,147,218.72, showing a significant increase of 94.08% compared to the same period last year[6] - The net cash flow from operating activities reached ¥512,736,662.74, marking a substantial increase of 165.47% year-on-year[6] - Basic earnings per share were ¥2.22, reflecting a growth of 94.74% compared to the previous year[9] - The net profit excluding non-recurring gains and losses was ¥445,782,279.63, up 92.74% year-on-year[6] - The net profit for the current period reached CNY 482,253,684.74, a significant increase from CNY 243,692,282.70 in the previous period, representing a growth of approximately 97.5%[31] - The total profit amounted to CNY 582,271,165.38, compared to CNY 289,051,297.24 in the same period last year, indicating an increase of about 101.5%[31] - The total comprehensive income for the current period was CNY 482,253,684.74, compared to CNY 243,692,282.70 in the previous period, indicating an increase of about 97.5%[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,340,174,189.61, an increase of 13.87% from the end of the previous year[9] - The total current assets as of March 31, 2022, amounted to RMB 3,319,308,630.54, up from RMB 2,818,829,023.43 at the end of 2021, indicating an increase of approximately 17.7%[22] - The total assets reached RMB 5,340,174,189.61 as of March 31, 2022, compared to RMB 4,689,609,218.61 at the end of 2021, marking a growth of about 13.9%[25] - The total liabilities increased to RMB 1,272,344,361.97 in Q1 2022 from RMB 1,111,938,468.42 in Q1 2021, which is an increase of approximately 14.4%[27] - The total equity attributable to shareholders was ¥3,560,987,753.77, a rise of 14.71% from the previous year[9] Cash Flow - Cash flow from operating activities generated a net amount of CNY 512,736,662.74, a substantial increase from CNY 193,142,103.25 in the prior year, representing a growth of approximately 165.5%[37] - Net cash flow from financing activities was $65,202,243.26, compared to a net outflow of $174,159,046.71 in the previous period[39] - Cash and cash equivalents increased by $380,519,903.07, compared to an increase of $28,023,666.80 in the previous period[39] - The ending balance of cash and cash equivalents reached $1,203,637,999.00, up from $535,636,248.55 in the previous period[39] - Total cash inflow from financing activities amounted to $66,350,000.00[39] - Total cash outflow from financing activities was $174,159,046.71[39] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $1,310,172.43[39] Costs and Expenses - The total operating costs decreased to RMB 1,195,585,305.65 in Q1 2022 from RMB 1,423,128,542.85 in Q1 2021, reflecting a reduction of about 15.9%[27] - Research and development expenses rose to CNY 77,530,905.04, up from CNY 51,394,544.96, reflecting a growth of approximately 50.9%[31] - The financial expenses increased to CNY 807,432.52 from CNY 489,214.85, reflecting a rise of about 64.9%[31] - The company’s tax expenses for the current period were CNY 100,017,480.64, compared to CNY 45,359,014.54 in the previous year, representing an increase of about 120.8%[31] Investments and Equity - The long-term equity investments stood at RMB 93,074,003.17 as of March 31, 2022, slightly up from RMB 92,614,170.40 at the end of 2021, indicating a marginal increase of about 0.5%[22] - The retained earnings increased to RMB 2,753,458,725.07 in Q1 2022 from RMB 2,303,311,506.35 in Q1 2021, representing a growth of approximately 19.5%[27] - The company reported non-recurring gains of ¥4,364,939.09 during the quarter[12] Production and Capacity - The company maintained full production capacity for its new energy-related products, contributing to the profit increase[12] Accounting Standards - The company did not apply the new accounting standards for the first time in 2022[39]

证券代码：603026 证券简称：石大胜华 山东石大胜华化工集团股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | --- | |------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - In 2021, the company's operating revenue reached ¥7,056,208,585.05, a 57.67% increase compared to ¥4,475,299,824.87 in 2020[22]. - The net profit attributable to shareholders was ¥1,178,405,919.29, reflecting a significant increase of 353.60% from ¥259,791,875.52 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥1,164,682,057.93, up 360.69% from ¥252,812,965.39 in 2020[22]. - The net cash flow from operating activities was ¥959,626,470.95, a 20.95% increase from ¥793,380,252.92 in 2020[22]. - The company's total assets increased by 42.98% to ¥4,689,609,218.61 at the end of 2021, compared to ¥3,279,988,398.87 at the end of 2020[22]. - The basic earnings per share rose to ¥5.81, a 353.91% increase from ¥1.28 in 2020[22]. - The weighted average return on equity increased to 45.83%, up 32.40 percentage points from 13.43% in 2020[22]. - The company achieved a sales revenue of 7.056 billion RMB in 2021, an increase of 57.67% year-on-year[53]. - Net profit attributable to shareholders reached 1.178 billion RMB, a significant increase of 353.60% compared to the previous year[53]. - The total assets at the end of 2021 amounted to 4.690 billion RMB, reflecting a year-on-year growth of 42.98%[53]. - The weighted average return on equity was 45.83%, up by 32.40 percentage points year-on-year[53]. Dividends and Capital Management - The company plans to distribute cash dividends of 3.00 CNY per 10 shares, totaling 60,804,000.00 CNY based on a total share capital of 202,680,000 shares as of December 31, 2021[7]. - The company will not conduct a capital reserve transfer to increase share capital for the 2021 fiscal year[7]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - The company’s financial report has been confirmed for authenticity and completeness by its management team[6]. - The company has not faced any penalties from securities regulatory authorities in the past three years[192]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and development strategies, advising investors to consider investment risks[8]. - The company has detailed industry risks in the management discussion and analysis section of the report[8]. - The company faces systemic risks from macroeconomic fluctuations and uncertainties in global demand due to the ongoing pandemic[147]. - The company emphasizes the investment risks in the renewable energy sector, highlighting potential underperformance in consumer demand and technological changes[150]. - The company has implemented a strict HSE management system to mitigate production and operational risks, although it acknowledges that certain incidents may still lead to significant economic losses[150]. - The company has established a waste treatment system to comply with environmental regulations, which may incur additional expenses due to stricter government policies[150]. Strategic Initiatives - The company is undergoing a strategic transformation towards new energy and new materials, having divested from traditional chemical businesses[39]. - The company signed cooperation agreements for the Wuhan base and established a joint venture for the Jining base, with a total of 7 new projects announced by the end of 2021[40]. - The company is focusing on new energy and new materials, with plans for a 300,000 tons/year electrolyte project and a 50,000 tons/year wet electronic chemicals project[40]. - The company plans to invest in a 300,000 tons/year electrolyte project, further strengthening its competitive advantage in the industry[50]. - The company has established strategic partnerships with well-known electrolyte companies, covering the entire application market[50]. - The company is actively pursuing international market opportunities while ensuring stable supply to existing international customers[144]. Research and Development - In 2021, the company obtained 44 new patents, including 5 invention patents and 39 utility model patents, enhancing its core competitiveness[43]. - Research and development expenses increased by 93.91% to 318.67 million RMB, driven by increased investment in R&D projects[55]. - The company utilizes multiple technology routes for research and development, collaborating with universities to enhance its technological capabilities[52]. - The company is focusing on the development of silicon-based anode materials, with a target to achieve mass shipments in the second half of 2022[146]. - The company has allocated 200 million RMB for research and development in the upcoming year, focusing on sustainable technologies[174]. Governance and Shareholder Engagement - The company has committed to transparent information disclosure, utilizing designated publications and platforms to ensure timely and accurate communication with investors[156]. - The governance structure includes a comprehensive system with a shareholders' meeting, board of directors, supervisory board, and management team to ensure effective oversight and decision-making[152]. - The company has established a governance system that includes various rules and regulations to support standardized operations[152]. - The company reported a decrease in shareholding for key executives, with Guo Tianming reducing his shares by 219,800 to 659,450 shares, and Yu Haiming reducing by 135,600 to 407,150 shares[167]. - The total pre-tax remuneration for Guo Tianming was 1.344 million CNY, while Yu Haiming received 1.228 million CNY during the reporting period[167]. - The company has seen significant changes in its board composition, with several directors and supervisors leaving, including Wu Tianle and Han Qiuyan[167]. - The company is committed to shareholder engagement, as demonstrated by the regular announcements of shareholder meetings and resolutions[167]. Market Expansion and Product Development - The company is actively engaging in market expansion strategies, as indicated by the ongoing changes in its board and management structure[167]. - The company is planning to expand its market presence, targeting new geographical regions to increase its customer base and revenue streams[169]. - New product development is underway, with a focus on innovative technologies aimed at enhancing operational efficiency and market competitiveness[169]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[174]. - A strategic acquisition of a local competitor is in progress, which is anticipated to increase market share by 5% and enhance product offerings[174]. Operational Efficiency - The company aims to improve its operational efficiency by 15% through the implementation of new technologies and process optimizations[169]. - The company aims to reduce operational costs by 10% through efficiency improvements and automation initiatives[174]. - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[174].

1 证券代码：603026 证券简称：石大胜华 公告编号：临 2021-098 山东石大胜华化工集团股份有限公司 关于参加山东辖区上市公司 2021 年度投资者 网上集体接待日活动的公告 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。 为进一步加强山东石大胜华化工集团股份有限公司（以下简称"公司"）与 广大投资者沟通互动，切实提高上市公司透明度、规范运作和公司治理水平，公 司将参加"山东辖区上市公司 2021 年度投资者网上集体接待日活动"，现将有关 事项公告如下： 本次投资者网上集体接待日活动将在深圳市全景网络有限公司提供的网上 平台，采取线上交流的方式举行，投资者可以登录全景·路演天下 （http://rs.p5w.net）参与本次活动，互动交流时间为 2021 年 11 月 16 日（星 期二）下午 14:00—16:00。 本公司副总经理、董事会秘书吕俊奇先生、总会计师宋会宝先生、董事会办 公室主任任飓先生、资产财务部部长蒋日福先生和证券事务代表邵坤先生将参加 本次投资者网上集体接待日活动，与投资者进行在线交流， ...

证券代码：603026 证券简称：石大胜华 山东石大胜华化工集团股份有限公司 投资者关系活动记录表 编号：2021—001 | --- | --- | |------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

2021 年第三季度报告 单位：元 币种：人民币 1 / 14 证券代码：603026 证券简称：石大胜华 山东石大胜华化工集团股份有限公司 2021 年第三季度报告 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个别及连带责任。 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 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------|------------------|------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 3,646,293,052.40, representing a 110.18% increase compared to CNY 1,734,845,613.56 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 590,974,799.15, a significant recovery from a loss of CNY 42,230,747.23 in the previous year[22]. - The net profit after deducting non-recurring gains and losses was CNY 588,714,604.80, compared to a loss of CNY 45,644,241.28 in the same period last year[22]. - Cash flow generated from operating activities was CNY 434,720,478.14, an increase of 89.54% from CNY 229,355,124.31 in the previous year[22]. - Basic earnings per share improved to ¥2.92, up from -¥0.21 in the same period last year[24]. - The weighted average return on equity surged to 25.32%, an increase of 27.68 percentage points compared to the previous year[24]. - The net profit for the first half of 2021 was ¥623,944,650.17, a turnaround from a net loss of ¥33,088,869.02 in the first half of 2020[183]. - The total operating revenue for the first half of 2021 reached ¥3,646,293,052.40, a significant increase from ¥1,734,845,613.56 in the same period of 2020, representing a growth of approximately 110.5%[181]. Assets and Liabilities - The net assets attributable to shareholders increased to ¥2,527,210,647.34, a rise of 22.69% compared to the previous year[24]. - Total assets reached ¥3,793,994,604.56, reflecting a growth of 15.67% year-over-year[24]. - Total liabilities were RMB 888,483,898.72, down from RMB 989,560,032.40, indicating a reduction of approximately 10.2%[173]. - The company's total equity increased to RMB 2,905,510,705.84 from RMB 2,290,428,366.47, indicating a growth of approximately 27%[173]. - The total amount of related party transactions during the reporting period was CNY 50,391,429.04, with significant transactions including CNY 9,700,000.00 for technical development fees and CNY 15,894,843.88 for processing fees[126]. Research and Development - Research and development expenses rose by 111.47% to ¥164,161,743.90, attributed to higher salaries for R&D personnel and increased raw material costs[51]. - The company has developed a complete R&D system for lithium-ion battery electrolyte solvents and additives, collaborating with several universities and research institutes[41]. - Research and development expenses for the first half of 2021 were ¥164,161,743.90, significantly higher than ¥77,628,529.28 in the same period of 2020, indicating an increase of about 111.1%[181]. Market and Production - Domestic sales of new energy vehicles reached 1.206 million units in H1 2021, a year-on-year increase of 201.5%[32]. - The production capacity of methyl tert-butyl ether (MTBE) in China was approximately 24.33 million tons, with total output at 6.37 million tons, up 11.5% year-on-year[35]. - The price of MTBE increased by 33% in H1 2021, driven by strong demand and improved profitability across production routes[36]. - The company is undergoing technical upgrades to improve the quality of its MTBE products to meet market demands in the chemical-grade sector[37]. Environmental Compliance - The company reported wastewater discharge of 1,802,996 tons during the reporting period, with chemical oxygen demand and ammonia nitrogen concentrations meeting regulatory standards[94]. - The company has established pollution control facilities including bag filters, SCR denitrification, low nitrogen combustion, and limestone-gypsum desulfurization, all of which operated normally during the reporting period[95]. - There were no environmental incidents or violations reported during the reporting period, and no administrative penalties were imposed for environmental issues[101]. Risk Management - The company has detailed potential risks in the management discussion and analysis section of the report[8]. - The company faces macroeconomic risks due to ongoing US-China trade tensions and domestic economic pressures, which may impact future performance[78]. - Increased safety and environmental compliance costs are anticipated due to stricter regulations, potentially affecting overall profitability[79]. Corporate Governance - The company’s legal representative is Guo Tianming[17]. - The company has signed integrity commitment letters with middle and senior management to ensure compliance with ethical business practices[110]. - The company held a temporary shareholders' meeting on April 15, 2021, to elect a new board of directors and supervisory board[165].

Financial Performance - Net profit attributable to shareholders reached CNY 231,939,752.94, a significant increase of 1,409.41% compared to the same period last year[12] - Operating revenue surged by 93.50% to CNY 1,684,672,237.41 year-on-year[12] - Basic earnings per share improved to CNY 1.14, compared to a loss of CNY 0.09 in the same period last year[12] - Operating profit for Q1 2021 was ¥289,393,621.29, a significant improvement from an operating loss of ¥8,767,755.76 in Q1 2020[48] - Net profit for Q1 2021 was ¥243,692,282.70, compared to a net loss of ¥12,021,740.75 in Q1 2020, indicating a turnaround in profitability[48] - The company’s total comprehensive income for the first quarter of 2021 was 180,688,163.18, a significant improvement from a loss of 30,829,101.31 in the first quarter of 2020[54] Assets and Liabilities - Total assets increased by 6.68% to CNY 3,499,204,587.61 compared to the end of the previous year[12] - The total assets of the company as of March 31, 2021, amounted to ¥3,499,204,587.61, an increase from ¥3,279,988,398.87 at the end of 2020[33] - Total liabilities decreased to ¥963,069,749.41 from ¥989,560,032.40, a decline of about 2.7%[36] - Total equity attributable to shareholders increased to ¥2,293,606,190.95 from ¥2,059,841,691.36, showing a growth of approximately 11.3%[38] - Total assets rose to ¥3,205,199,064.66 from ¥2,892,933,294.50, indicating an increase of about 10.8%[42] - Total liabilities increased to ¥1,201,349,737.20 in Q1 2021 from ¥1,069,363,520.34 in Q1 2020, reflecting a growth of about 12.3%[44] Cash Flow - Net cash flow from operating activities rose by 74.21% to CNY 193,142,103.25 compared to the same period last year[12] - Cash inflow from operating activities reached 1,407,663,592.34, up from 850,474,851.47 in the first quarter of 2020, reflecting a growth of approximately 65.3%[58] - Cash outflow from operating activities totaled 1,214,521,489.09, compared to 739,606,450.63 in the first quarter of 2020, resulting in a net cash flow from operating activities of 193,142,103.25[58] - The company reported cash inflow from investment activities of 122,164,908.51, down from 584,512,302.79 in the first quarter of 2020[60] - The net cash flow from investment activities was 9,697,133.80, a decrease from 155,538,757.78 in the same period of 2020[60] - Cash inflow from financing activities was 265,000,000.00, while cash outflow totaled 174,159,046.71, resulting in a net cash flow from financing activities of -174,159,046.71[60] Shareholder Information - The total number of shareholders reached 21,941 by the end of the reporting period[16] - The top ten shareholders collectively hold significant stakes, with the largest shareholder owning 8.42%[16] Expenses and Costs - The company's net profit for Q1 2021 was significantly impacted by a 64.97% increase in operating costs, totaling ¥1,237,897,923.37, compared to ¥750,383,807.92 in the same period last year[24] - The company reported a total operating cost of ¥1,423,128,542.85 in Q1 2021, compared to ¥850,240,496.34 in Q1 2020, which is an increase of about 67.2%[44] - The company reported a significant increase in management expenses by 219.26% to ¥110,581,233.13, compared to ¥34,636,885.70 in the previous year, primarily due to increased salaries and benefits[24] Other Financial Metrics - The weighted average return on equity increased by 11.64 percentage points to 10.66%[12] - Research and development expenses for Q1 2021 were ¥51,394,544.96, compared to ¥37,365,039.97 in Q1 2020, showing an increase of about 37.6%[44] - The company’s financial expenses decreased to ¥489,214.85 in Q1 2021 from ¥3,556,335.11 in Q1 2020, a reduction of approximately 86.3%[48] Tax and Government Subsidies - The company reported government subsidies recognized in the current period amounting to CNY 1,119,141.31[15] - The company's tax payable increased by 106.11% to ¥99,177,321.18 from ¥48,119,651.76, driven by higher revenue leading to increased VAT and income tax[21] - The company received tax refunds amounting to 39,894,164.15 in the first quarter of 2021, compared to 28,516,209.41 in the same period of 2020[58]

Financial Performance - The company's operating revenue for 2020 was ¥4,475,299,824.87, a decrease of 3.62% compared to ¥4,643,499,947.61 in 2019[23] - The net profit attributable to shareholders of the listed company was ¥259,791,875.52, down 15.78% from ¥308,453,101.35 in the previous year[23] - Basic earnings per share decreased by 15.79% to CNY 1.28 in 2020 compared to CNY 1.52 in 2019[25] - The weighted average return on equity dropped by 4.8 percentage points to 13.43% in 2020 from 18.23% in 2019[25] - The company reported a main business income of CNY 221,052,865.51 and a main business profit of CNY 82,024,375.56 for 2020[128] Cash Flow and Investments - The net cash flow from operating activities increased significantly to ¥793,380,252.92, compared to a negative cash flow of ¥119,498,606.05 in 2019, marking a 763.92% improvement[23] - The company’s investment activities generated a net cash flow of approximately ¥86.70 million, an increase of 145.75% compared to the previous year[61] - The total cash flow for the current period is 332,565,806.13 CNY, a significant increase of 1,457.91% compared to the previous period[80] Assets and Liabilities - The net assets attributable to shareholders of the listed company rose to ¥2,059,841,691.36, reflecting a 13.95% increase from ¥1,807,663,849.42 at the end of 2019[23] - Total assets at the end of 2020 were ¥3,279,988,398.87, a slight increase of 1.23% from ¥3,240,056,532.87 in 2019[23] - Cash and cash equivalents increased by 87.02% to 578,761,675.23, representing 17.65% of total assets[88] - Accounts receivable rose by 36.56% to 456,828,876.24, accounting for 13.93% of total assets due to increased product prices and customer demand[88] - Short-term borrowings decreased by 71.02% to 217,496,894.44, accounting for 6.63% of total liabilities due to repayment of maturing loans[90] Market and Industry Outlook - The domestic new energy vehicle market saw sales exceed 1.36 million units in 2020, with a year-on-year growth of over 10%[38] - The company anticipates continued growth in demand for lithium battery electrolyte due to increasing investments in new energy vehicles[38] - The propylene glycol market is expected to recover as global supply and demand conditions improve, driven by favorable export policies[38] - The company expects the carbonate industry to face increased competition, leading to a concentration of resources among larger producers[131] Production and Operations - The production volume of dimethyl carbonate series was 459,596.98 tons, with a sales volume of 459,340.73 tons, reflecting a slight decrease in sales volume by 0.78%[66] - The company has established a vertically integrated production system for dimethyl carbonate, enhancing its competitiveness and reducing reliance on external raw materials[42] - The company is focusing on the development of new energy materials and has made significant progress in project construction and technological transformation[54] Risk Management - The company has outlined potential industry risks in its report, emphasizing the importance of investor awareness regarding these risks[8] - The company recognizes systemic risks from macroeconomic fluctuations and trade tensions that may impact product demand and export capabilities[146] - The company has implemented strict HSE management to mitigate production and operational risks associated with the oil and petrochemical industry[148] Dividend Policy - The company plans to distribute a cash dividend of ¥6.00 per 10 shares, totaling ¥121,608,000.00, based on a total share capital of 202,680,000 shares as of December 31, 2020[6] - The cash dividend distribution for 2020 represents 46.81% of the net profit attributable to ordinary shareholders, which was 259,791,875.52 RMB[160] - The company will prioritize cash dividends, with a minimum of 80% for mature stages without major capital expenditures, and 40% if there are significant expenditures[150] Research and Development - The total R&D investment for the current period is 164,341,878.59 CNY, accounting for 3.67% of operating revenue, with 233 R&D personnel, making up 14.88% of the total workforce[77] - The company is focusing on differentiated development in its basic chemical products to enhance market competitiveness[138] - The company is implementing a dual-driven strategy, leveraging internal strengths and external acquisitions to enhance competitiveness[140] Corporate Governance - The company has maintained a standard unqualified audit opinion from its accounting firm, indicating the reliability of its financial statements[5] - Independent directors must provide clear opinions on the profit distribution proposal, requiring a majority approval from all independent directors[158] - The profit distribution plan must be implemented within two months after the shareholders' meeting resolution[159]