证券代码：603041 证券简称：美思德 公告编号：2023-040 江苏美思德化学股份有限公司 关于 2023 年半年度募集资金存放与实际使用 情况的专项报告 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。 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于核准江苏美思德化学股份有限公司非公开 发行股票的批复》（证监许可〔2021〕4029 号）核准，本次非公开发行不超过 42,264,852 股股票。江苏美思德化学股份有限公司（以下简称"公司"）本次实 际非公开发行人民币普通股（A 股）42,264,852 股，每股面值 1 元，发行价格为 每股 10.08 元，募集资金总额为 426,029,708.16 元，扣除与募集资金相关的发 行费用 9,871,787.41 元（不含增值税）后，实际募集资金净额为 416,157,920.75 元。2022 年 04 月 18 日，中信建投证券股份有限公司已将资金划至公司指定账 户。立信会计师事务所（特殊普通合伙）对本次募集资金到位情况进行 ...

证券代码：603041 证券简称：美思德 公告编号：2023-038 江苏美思德化学股份有限公司 第四届监事会第十一次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 江苏美思德化学股份有限公司（以下简称"公司"）第四届监事会第十一次 会议（以下简称"本次监事会会议"）通知于 2023 年 08 月 14 日以电子邮件等 方式发出，通知了公司第四届监事会的全体监事和其他列席人员。公司本次监事 会会议于 2023 年 08 月 24 日（星期四）上午在南京经济技术开发区恒泰路 8 号 汇智科技园 A3 栋之公司 701 会议室以现场结合通讯投票表决的方式召开。公司 本次监事会会议应到监事 3 人，实到监事 3 人，其中 2 人现场参会，1 人通讯参 会。 公司本次监事会会议由公司监事会主席宋琪女士召集和主持，公司董事会秘 书、财务总监和证券事务代表列席了本次监事会会议。公司本次监事会会议的召 集程序、召开程序以及参与表决的监事人数符合《中华人民共和国公司法》、《公 司章程》、《公司监事会议事规 ...

证券代码：603041 证券简称：美思德 公告编号：2023-039 | 主要产品 | 2023年 | 1-6 | 月平均销 | 2022 年 1-6 | | 月平均 | 同比变动 | 第二季度 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 售价格（万元/吨） | | | 销售价格（万元/吨） | | | | 环比变动 | | 硬泡匀泡剂 | | 2.57 | | | 2.85 | | -9.82% | -0.39% | 主要产品 2023 年 1-6 月产量 （吨） 2023 年 1-6 月销量 （吨） 2023 年 1-6 月营业 收入（万元） 硬泡匀泡剂 7,284.79 7,070.40 18,138.73 软泡匀泡剂 1,554.83 1,485.02 4,685.17 合计 8,839.62 8,555.42 22,823.90 一、主要产品的产量、销量及收入实现情况 | 主要产品 | 2023年 | 1-6 | 月平均销 | 2022 年 1-6 | 月平均 | 同比变动 | 第二季度 | | --- | --- | ...

证券代码：603041 证券简称：美思德 公告编号：2023-036 江苏美思德化学股份有限公司 关于使用暂时闲置募集资金进行现金管理到期赎回的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 现金管理投资种类：银行理财产品。 现金管理投资金额：截至 2023 年 08 月 11 日，江苏美思德化学股份有限 公司（以下简称"公司"）使用闲置募集资金进行现金管理均已到期赎回，公司 暂未使用闲置募集资金进行现金管理。 履行的审议程序：公司于2023年04月27日召开第四届董事会第十一次会 议，审议通过了《关于使用暂时闲置募集资金进行现金管理的议案》，同意公司 使用募集资金专户中最高额度不超过人民币5,000万元（含）的募集资金进行现 金管理。 特别风险提示：尽管公司投资安全性高、流动性好的现金管理产品，总 体风险可控，但金融市场受宏观经济的影响较大，不排除该项投资受到市场波动 的影响，存在一定的系统性风险。公司将根据经济形势以及金融市场的变化适时 适量地介入，降低市场波动引起的投资风险。 一、本次现金管理概 ...

Financial Performance - The company's operating revenue for 2022 was RMB 496,787,419.04, a slight increase of 0.37% compared to RMB 494,955,740.71 in 2021[21]. - The net profit attributable to shareholders for 2022 reached RMB 78,930,634.10, representing a growth of 23.68% from RMB 63,816,103.25 in 2021[21]. - The basic earnings per share for 2022 was RMB 0.47, up 4.44% from RMB 0.45 in 2021[21]. - The weighted average return on equity decreased to 6.69% in 2022, down 0.38 percentage points from 7.07% in 2021[21]. - The net cash flow from operating activities for 2022 was RMB 73,583,641.17, a decrease of 6.33% compared to RMB 78,559,355.57 in 2021[21]. - The total assets at the end of 2022 were RMB 1,578,878,165.66, an increase of 46.22% from RMB 1,079,821,414.49 at the end of 2021[21]. - The net assets attributable to shareholders increased by 48.95% to RMB 1,373,616,287.23 at the end of 2022, compared to RMB 922,210,059.25 at the end of 2021[21]. - The company reported a decrease in the net profit after deducting non-recurring gains and losses to RMB 70,677,313.28 in 2022, down 13.35% from RMB 62,350,660.49 in 2021[21]. - The company achieved total revenue of RMB 496,787,419.04, representing a year-on-year growth of 0.37%[70]. - Gross profit margin increased by 3.69 percentage points compared to the previous year[70]. - The company’s total revenue for the period was CNY 479,071,395.52, with a slight decrease of 0.35% compared to the previous year[75]. - The gross profit margin increased by 3.59 percentage points to 28.15% despite a 5.09% decrease in operating costs[75]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.40 per 10 shares, totaling RMB 25,360,683.46, which represents 32.13% of the net profit attributable to shareholders for 2022[6]. - The company has repurchased shares worth RMB 23,461,127.39 during the reporting period, which is considered as part of the cash dividend distribution[6]. - The total cash dividend amount, including the repurchased shares, is RMB 48,821,810.85, accounting for 61.85% of the net profit attributable to shareholders[187]. - The company emphasizes a stable profit distribution policy, considering profitability, development plans, and cash flow[180]. Research and Development - In 2022, the company achieved a total of 14 new product developments and industrializations, significantly enhancing its market share and supporting business growth[31]. - The company increased its R&D investment, resulting in the addition of 11 authorized invention patents and 3 utility model patents, bringing the total to 35 authorized patents by December 31, 2022[31]. - Research and development expenses increased by 17.05% to RMB 25,954,963.89, reflecting a commitment to innovation[71]. - The number of R&D personnel is 42, accounting for 29.58% of the total workforce[82]. - The company emphasizes R&D investment, operating several innovation platforms, and aims to narrow the gap with international standards[56]. Market and Product Development - The company aims to transform from a single additive manufacturer to a supplier of multiple additives and solutions, enhancing its overall strength and core competitiveness[42]. - The company is actively promoting the localization of key additives in the polyurethane industry, aiming for high-quality and sustainable development[45]. - The company has developed a new generation of polyurethane foam stabilizers with zero ozone depletion potential and low global warming potential, contributing to the industry's green development[38]. - The company successfully launched low-VOC and low-odor foam stabilizers that meet EU and IKEA standards, leading to stable sales growth in high-end sponge production enterprises[34]. - The company is committed to developing high-performance, high-value-added polyurethane additives, targeting markets such as electronic information and new energy[124]. Risk Management - The company has identified several risks including raw material price fluctuations, exchange rate risks, and accounts receivable risks, which are detailed in the management discussion section[9]. - The company has implemented measures to mitigate risks associated with raw material price fluctuations, although specific strategies were not detailed[109]. - The company is exposed to foreign exchange risks due to its overseas sales primarily denominated in USD and EUR, which could impact its financial performance[134]. Corporate Governance - The company has established a robust governance structure, ensuring that all shareholders, especially minority shareholders, can exercise their rights equally[144]. - The board of directors operates independently, with no interference from the controlling shareholder, maintaining a clear separation in operations and decision-making[145]. - The company ensures timely and accurate information disclosure, protecting investor interests and maintaining transparency[149]. - The audit committee and other specialized committees effectively assist the board in decision-making and supervision, enhancing operational efficiency[146]. - The company has not engaged in any related party transactions with the controlling shareholder during the reporting period[145]. Environmental Responsibility - The company invested 4.4537 million yuan in environmental protection during the reporting period[192]. - The company has established a real-time online monitoring system for wastewater and exhaust gas discharge, linked to environmental regulatory authorities[195]. - The company’s pollution control facilities are operating normally, with wastewater treated to standards before discharge[195]. - The company has developed an emergency response plan for sudden environmental incidents, which has been filed with the environmental protection department[197]. - The company conducts comprehensive emergency drills for hazardous material leaks, enhancing its emergency response capabilities[197]. Strategic Initiatives - The company is currently constructing a 25,000 tons/year organic amine catalyst project, expected to complete in Q3 2023[106]. - The company is actively seeking external development opportunities through mergers and acquisitions to establish strategic partnerships and enhance supply chain stability[132]. - The company plans to enhance its marketing capabilities by integrating domestic and international markets, providing value-added services in polyurethane additives[126]. - The company plans to enhance its integrated intelligent management platform by upgrading ERP, OA, CRM, and MES systems across its factories, improving data acquisition and analysis capabilities[128].

Financial Performance - The company's operating revenue for Q1 2023 was ¥120,127,795.35, a decrease of 21.99% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥24,545,082.03, representing an increase of 10.31% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,064,890.77, up by 9.16% compared to the previous year[5]. - The basic earnings per share for the period was ¥0.14, down by 12.50% year-on-year[5]. - The diluted earnings per share also stood at ¥0.14, reflecting a decrease of 12.50% compared to the same period last year[5]. - Total operating revenue for Q1 2023 was ¥120,127,795.35, a decrease of 22% compared to ¥153,986,482.05 in Q1 2022[17]. - Net profit for Q1 2023 reached ¥24,536,134.56, representing an increase of 10% from ¥22,247,722.97 in Q1 2022[17]. - The net profit attributable to shareholders of the parent company was ¥24,545,082.03, compared to ¥22,251,085.70 in the same period last year, marking an increase of 10%[19]. - Basic earnings per share for Q1 2023 were ¥0.14, down from ¥0.16 in Q1 2022[19]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,596,768,636.66, an increase of 1.13% from the end of the previous year[6]. - The equity attributable to shareholders increased by 1.79% to ¥1,398,265,279.48 compared to the end of the previous year[6]. - The company's total liabilities decreased to ¥196,542,334.52 in Q1 2023 from ¥203,291,908.30 in Q1 2022, a reduction of approximately 3.7%[17]. - The company's total current liabilities were reported at CNY 290,000,000.00, with specific liabilities such as accounts payable at CNY 67,330,714.21, up from CNY 58,844,497.48[14]. - Non-current assets totaled CNY 569,396,685.65, an increase from CNY 533,447,007.24, indicating a growth of about 6.7%[14]. - The company’s long-term equity investments increased to CNY 7,807,411.03 from CNY 252,188.81, showing significant growth[14]. - The company's total liabilities were reported at CNY 290,000,000.00, with a notable decrease in tax liabilities from CNY 10,706,264.62 to CNY 6,046,739.75, a reduction of approximately 43.5%[14]. Cash Flow - The net cash flow from operating activities was ¥10,724,668.22, with no applicable percentage change reported[5]. - The net cash flow from operating activities for Q1 2023 was ¥10,724,668.22, a significant improvement compared to a net outflow of ¥1,658,666.96 in Q1 2022, indicating a recovery in operational performance[24]. - Total cash inflow from operating activities reached ¥105,246,612.60, up from ¥93,612,084.52 in the previous year, reflecting a year-over-year increase of approximately 12.5%[24]. - Cash outflow from operating activities decreased to ¥94,521,944.38 from ¥95,270,751.48, showing a slight reduction in operational expenses[24]. - The net cash flow from investing activities was -¥133,090,207.05, worsening from -¥9,481,907.95 in the same quarter last year, indicating increased investment outflows[25]. - Cash inflow from investment activities surged to ¥316,354,691.46 compared to ¥51,042,842.67 in Q1 2022, marking a substantial increase of over 520%[25]. - Total cash outflow from investment activities was ¥449,444,898.51, significantly higher than ¥60,524,750.62 in the previous year, reflecting aggressive investment strategies[25]. - The net cash flow from financing activities was -¥150,000.00, unchanged from the previous year, indicating stable financing operations[25]. - The cash and cash equivalents at the end of Q1 2023 stood at ¥151,180,920.26, down from ¥223,497,021.14 at the end of Q1 2022, representing a decrease of approximately 32.3%[25]. Operational Efficiency - Total operating costs for Q1 2023 were ¥94,461,359.56, down 27% from ¥129,107,227.18 in Q1 2022[17]. - Research and development expenses for Q1 2023 were ¥5,986,975.06, compared to ¥5,270,856.79 in Q1 2022, indicating an increase of 14%[17]. - The company reported a financial income of ¥1,960,314.67 in Q1 2023, down from ¥3,337,449.48 in Q1 2022, a decrease of approximately 41%[17]. - Other comprehensive income after tax for Q1 2023 was ¥103,910.22, compared to a loss of ¥23,152.80 in Q1 2022[19]. - The company received ¥3,260,246.83 in other operating cash related to business activities, up from ¥1,682,902.81, indicating improved cash management[24]. - The company reported a significant increase in cash received from tax refunds, totaling ¥2,317,819.20, compared to ¥4,475,902.88 in the previous year, reflecting changes in tax policies or improved compliance[24].

证券代码：603041 证券简称：美思德 公告编号：2023-025 江苏美思德化学股份有限公司 关于召开 2022 年度暨 2023 年第一季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： 会议召开时间：2023 年 05 月 11 日（星期四）下午 16:00-17:00 会议召开地点：上海证券交易所上证路演中心（以下简称"上证路演中 心"，http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 04 日（星期四）至 05 月 10 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zqsw@maysta.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 江苏美思德化学股份有限公司（以下简称"公司"）已于 2023 年 04 月 29 日发布公司 2022 年年度报告和 2023 年第一季度报告，为便于广大投资者更全面 深入地了解公司 2022 年度和 2 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥98,875,166.30, representing a decrease of 8.74% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥15,426,324.15, an increase of 64.77% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,308,142.31, up by 40.36% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥374,260,743.43, an increase of 5.9% compared to ¥355,859,237.80 in the same period of 2021[20] - Net profit for the third quarter of 2022 was ¥54,112,118.45, compared to ¥46,327,721.21 in the same quarter of 2021, indicating a growth of 16.4%[21] - The company reported a total comprehensive income of ¥53,941,929.02 for the third quarter of 2022, compared to ¥46,237,442.92 in the same quarter of 2021, indicating an increase of 16.5%[22] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥55,394,458.91, reflecting a significant increase of 120.74%[5] - In the first three quarters of 2022, the company generated cash inflows from operating activities amounting to ¥325,605,793.36, an increase of 11.33% compared to ¥292,489,615.25 in the same period of 2021[23] - The net cash flow from operating activities for the first three quarters of 2022 was ¥55,394,458.91, significantly up from ¥25,095,025.00 in the previous year, marking a growth of 120.14%[23] - The company reported cash inflows from investment activities totaling ¥401,202,316.90, a substantial increase from ¥121,371,881.57 in the prior year, reflecting a growth of 230.36%[24] - Cash inflows from financing activities amounted to ¥417,509,114.00, with a net cash flow from financing activities of ¥395,899,367.38, compared to a negative cash flow of -¥37,015,246.04 in the previous year[24] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,599,394,730.39, marking a 48.12% increase from the end of the previous year[6] - The company's total assets as of the end of the third quarter of 2022 amounted to ¥1,599,394,730.39, up from ¥1,079,821,414.49 at the end of the third quarter of 2021, representing an increase of 48.0%[18] - Total liabilities reached ¥225,248,857.39 in the third quarter of 2022, compared to ¥155,629,145.15 in the same quarter of 2021, marking a rise of 44.6%[18] - Shareholders' equity attributable to the parent company was ¥1,372,167,413.05, which is an increase of 48.79% compared to the previous year-end[6] - The company's equity attributable to shareholders was ¥1,372,167,413.05, an increase from ¥922,210,059.25 in the previous year, reflecting a growth of 48.9%[18] Expenses and Investments - Research and development expenses for the third quarter of 2022 were ¥19,012,774.44, compared to ¥16,281,076.23 in the same quarter of 2021, showing an increase of 10.6%[21] - The company has invested ¥90,942,429.28 in construction in progress, a notable increase from ¥35,262,206.54[16] Inventory and Receivables - Accounts receivable rose to ¥103,857,892.80 from ¥75,951,344.45, indicating a significant increase in receivables[16] - The company's inventory decreased to ¥63,736,032.26 from ¥68,726,422.33, reflecting a reduction in stock levels[16] - The company reported other receivables of ¥8,099,527.04, up from ¥5,482,860.37[16] Shareholder Information - The total number of shares held by Foshan Shunde Demai Chemical Group Co., Ltd. is 74,865,000, accounting for 40.88% of the total share capital[13] - The total number of shares held by Ningbo Shichuang Commodity Co., Ltd. is 7,962,030, representing 4.35% of the total share capital[13] - The company has a pledge of 3,300,000 shares by Foshan Shunde Demai Chemical Group Co., Ltd.[13] Tax and Other Financial Metrics - The company received tax refunds of ¥13,785,734.99, which is an increase from ¥12,005,787.73 in the previous year[23] - The company paid ¥12,580,665.93 in taxes during the first three quarters of 2022, a decrease from ¥16,134,123.62 in the previous year[23] - The company's cash and cash equivalents as of September 30, 2022, amounted to ¥455,333,111.90, a decrease from ¥579,194,282.04 at the end of 2021[16] - The company's cash and cash equivalents at the end of the period were ¥116,875,366.80, down from ¥155,064,315.44 at the end of the same period last year[24]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥275,385,577.13, representing an increase of 11.26% compared to ¥247,515,718.34 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥38,689,544.44, up 4.64% from ¥36,972,354.78 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥36,666,353.31, reflecting a 1.32% increase from ¥36,187,043.29[19]. - The net cash flow from operating activities was ¥33,923,270.08, a significant increase of 59.92% compared to ¥21,212,763.00 in the same period last year[19]. - Basic earnings per share remained stable at CNY 0.26, with a diluted earnings per share also at CNY 0.26, showing no change compared to the same period last year[20]. - The weighted average return on equity increased by 0.03 percentage points to 4.11% from 4.08% in the previous year[20]. - The total operating revenue for the first half of 2022 reached ¥275,385,577.13, an increase of 11.26% compared to the same period last year, primarily driven by growth in export product revenue and soft foam business revenue[47]. - Operating costs increased by 14.51% compared to the previous year, primarily due to significant rises in raw material prices and increased logistics costs caused by the Shanghai pandemic[47]. Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were ¥1,356,768,706.14, which is a 47.12% increase from ¥922,210,059.25 at the end of the previous year[19]. - Total assets at the end of the reporting period reached ¥1,542,577,660.07, marking a 42.85% increase from ¥1,079,821,414.49 at the end of the previous year[19]. - Total current assets increased to ¥1,202,309,199.25 from ¥744,804,578.01, representing a growth of approximately 61.5%[139]. - Total liabilities increased to ¥183,828,373.34 from ¥155,629,145.15, marking an increase of about 18.0%[141]. - Shareholders' equity rose to ¥1,358,749,286.73 from ¥924,192,269.34, representing an increase of about 47.0%[141]. Research and Development - The company emphasizes research and development, supported by various innovation platforms, to enhance its technological capabilities and product offerings[31]. - The company has a strong R&D team, with over one-third of its employees engaged in research and development, enhancing its core technology system[40]. - The company successfully developed and industrialized 7 new products during the reporting period, enhancing its market competitiveness and supporting sustained business growth[49]. - Research and development expenses for the first half of 2022 were ¥11,430,528.53, compared to ¥10,787,624.81 in the same period last year, showing an increase of 5.9%[148]. Environmental Compliance - The company is listed as a key pollutant discharge unit by the Nanjing Environmental Protection Department, with specific wastewater discharge data provided[86]. - Wastewater COD concentration was reported at 210.33 mg/L, with a total discharge of 0.583 tons, complying with local standards[86]. - The company has implemented real-time monitoring systems for wastewater and air emissions, ensuring compliance with environmental regulations[88]. - The company has committed to continuous improvement of its environmental emergency response capabilities through regular drills and assessments[90]. - The company has implemented ISO 14001 environmental management system certification, emphasizing green and clean production practices[94]. Market Strategy and Development - The company is developing a new business in organic amine catalysts, with a planned capacity of 45,000 tons per year, divided into two phases[26]. - The company has established a stable overseas business through long-term partnerships with reputable direct customers and distributors, contributing to steady growth in international sales[35]. - The company is focusing on the development and application of functional, green, and environmentally friendly polyurethane additives, in line with the "14th Five-Year Plan" for the polyurethane industry[37]. - The company is actively expanding into the LNG ship manufacturing sector, developing polyurethane applications to capitalize on high-end market opportunities[51]. Shareholder and Corporate Governance - The controlling shareholder, Demai Group, committed to not reducing its shareholding in the company for three years post-listing, with a maximum of 5% reduction per year thereafter[101]. - The actual controller, Huang Guanyong, and other shareholders holding over 5% of shares have pledged to avoid any business competition with the company[101]. - The company has established a commitment to ensure that no related party transactions will adversely affect its independence and will be conducted on fair and reasonable terms[102]. - The company’s management has committed to not transferring benefits to other entities or individuals under unfair conditions[103]. - The company will publicly explain the specific reasons for any failure to fulfill commitments and apologize to shareholders and the public[106]. Risks and Challenges - The company has identified risks related to raw material price fluctuations, exchange rate fluctuations, safety and environmental risks, and investment risks in new projects[7]. - The company faces risks from raw material price fluctuations, which could lead to increased production costs and decreased gross margins[72]. - The company is exposed to foreign exchange risks due to international sales primarily in USD and EUR, which could impact profitability[73]. - The company plans to enhance its supply chain stability and control raw material costs through strategic partnerships and bulk purchasing[72]. Financial Reporting and Compliance - The financial statements are prepared based on the assumption of going concern, indicating no significant issues affecting the company's ability to continue operations[176]. - The company follows the accounting standards for enterprises, ensuring that financial statements reflect a true and complete picture of its financial status[177]. - The company confirmed the recognition of gains and losses, other comprehensive income, and changes in net assets during the reporting period, impacting retained earnings or current profits[184]. - The company will recognize the fair value of remaining equity investments at the date of loss of control when disposing of partial equity investments, with the difference accounted for as current investment income[185].

Financial Performance - The company's operating revenue for Q1 2022 was ¥153,986,482.05, representing a year-on-year increase of 23.58%[5] - The net profit attributable to shareholders for the same period was ¥22,251,085.70, reflecting an 8.04% increase compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥21,130,186.25, which is a 3.87% increase year-on-year[5] - Total revenue for Q1 2022 reached ¥153,986,482.05, an increase of 23.6% compared to ¥124,609,447.68 in Q1 2021[16] - Net profit for Q1 2022 was ¥22,247,722.97, compared to ¥20,596,206.33 in Q1 2021, representing an 8.0% growth[17] - The company’s total comprehensive income for the period was 22,224,570.17 RMB, compared to 20,821,848.71 RMB in Q1 2021, reflecting an increase of approximately 6.8%[18] - Basic and diluted earnings per share for Q1 2022 were both 0.16 RMB, up from 0.15 RMB in Q1 2021, marking a growth of about 6.7%[18] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥1,658,666.96, a decline of 121.36% compared to the previous year, primarily due to increased cash payments for raw material purchases[7] - In Q1 2022, the company reported a net cash flow from operating activities of -1,658,666.96 RMB, a decrease from 7,765,809.13 RMB in Q1 2021[20] - The company incurred total operating cash outflows of 95,270,751.48 RMB, compared to 73,018,741.32 RMB in Q1 2021, indicating an increase of about 30.5%[20] - The net cash flow from investing activities was -9,481,907.95 RMB, an improvement from -24,685,577.47 RMB in the previous year[20] - The cash and cash equivalents at the end of the period were 223,497,021.14 RMB, down from 271,344,756.96 RMB at the end of Q1 2021, a decrease of approximately 17.6%[21] - The company's cash and cash equivalents decreased slightly to ¥567,110,298.61 from ¥579,194,282.04[12] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,130,670,656.34, up 4.71% from the end of the previous year[6] - The company's total assets as of March 31, 2022, amounted to ¥1,130,670,656.34, up from ¥1,079,821,414.49 at the end of 2021[13] - Total liabilities increased to ¥184,257,179.56 in Q1 2022 from ¥155,629,145.15 in Q1 2021, marking an 18.4% rise[14] - Accounts receivable rose significantly to ¥127,550,668.27, up from ¥75,951,344.45, indicating a 67.9% increase[12] - The company's inventory decreased to ¥60,370,167.96 from ¥68,726,422.33, a decline of 12.5%[12] Shareholder Information - Shareholders' equity attributable to the parent company increased to ¥944,434,629.42, a rise of 2.41% from the previous year[6] - The equity attributable to shareholders increased to ¥944,434,629.42 from ¥922,210,059.25, reflecting a growth of 2.4%[14] - The total number of ordinary shareholders at the end of the reporting period was 8,086[9] Expenses and Subsidies - Total operating costs for Q1 2022 were ¥129,107,227.18, up from ¥100,329,861.41 in Q1 2021, reflecting a 28.7% increase[16] - Research and development expenses for Q1 2022 were ¥5,270,856.79, compared to ¥4,851,972.35 in Q1 2021, showing an 8.6% increase[17] - The company received government subsidies amounting to ¥1,249,394.14, which are closely related to its normal business operations[6] Tax and Foreign Exchange - The company reported a tax refund of 4,475,902.88 RMB, slightly up from 4,471,772.15 RMB in the previous year[20] - The company experienced a negative impact of -401,834.60 RMB from foreign exchange fluctuations on cash and cash equivalents[21] - The total cash outflow for financing activities was 150,000.00 RMB, a significant decrease from 2,902,068.44 RMB in Q1 2021[21]