Financial Performance - The company's operating revenue for Q1 2022 was ¥500,804,099.70, representing a year-on-year increase of 65.01%[5] - The net profit attributable to shareholders for the same period was ¥32,766,444.35, reflecting a growth of 12.06% compared to the previous year[5] - The basic earnings per share for Q1 2022 was ¥0.47, up by 11.90% year-on-year[6] - The net profit for Q1 2022 was CNY 32,766,444.35, an increase of 12.5% compared to CNY 29,240,771.65 in Q1 2021[19] - The company reported a total comprehensive income of CNY 32,766,444.35 for Q1 2022, up from CNY 29,240,771.65 in Q1 2021, reflecting a growth of 12.5%[20] Assets and Liabilities - The total assets at the end of the reporting period reached ¥2,117,348,174.39, an increase of 55.02% from the end of the previous year[6] - Total liabilities reached RMB 806,846,609.46, up 32.1% from RMB 610,618,702.87 in the previous year[16] - The company's equity attributable to shareholders increased by 73.51% to ¥1,310,501,564.93, driven by new investments and profit growth[6] - The company's equity attributable to shareholders increased to RMB 1,310,501,564.93 from RMB 755,278,029.60, marking a growth of 73.3%[17] Cash Flow - The net cash flow from operating activities was negative at -¥165,155,269.36, primarily due to increased cash payments for goods and services[5] - Cash inflow from operating activities totaled CNY 377,833,890.65, compared to CNY 211,411,372.00 in the same period last year, indicating a significant increase of 78.6%[22] - The net cash flow from operating activities was negative at CNY -165,155,269.36, worsening from CNY -55,584,324.59 in Q1 2021[23] - The total cash inflow from financing activities was CNY 638,613,746.88, compared to CNY 94,764,531.48 in Q1 2021, showing a remarkable increase of 575.5%[23] - The cash outflow from investing activities was CNY 319,365,542.07, compared to CNY 173,207,947.10 in the previous year, indicating an increase of 84.5%[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,955[10] - The top shareholder, Wang Jiasheng, holds 37.07% of the shares, totaling 34,111,601 shares[11] Operational Costs and Expenses - Total operating costs for Q1 2022 were RMB 461,469,692.79, up 74.6% from RMB 264,495,766.12 in Q1 2021[18] - Research and development expenses for Q1 2022 were RMB 9,365,638.58, compared to RMB 8,327,717.06 in Q1 2021, indicating an increase of 12.5%[18] Other Financial Metrics - The company reported a weighted average return on equity of 4.25%, a decrease of 0.2 percentage points compared to the previous year[6] - Non-recurring gains and losses for the period amounted to ¥2,625,851.62, with government subsidies contributing significantly[7] - The company experienced a foreign exchange loss of CNY -84,540.82 during the quarter, compared to a loss of CNY -250,754.51 in Q1 2021[23] - The company did not report any net profit from subsidiaries prior to consolidation, indicating no impact from mergers during the quarter[20]

Financial Performance - The company's operating revenue for 2021 was CNY 1,693,205,534.42, representing a 67.39% increase compared to CNY 1,011,511,935.47 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 112,964,001.67, a decrease of 2.40% from CNY 115,739,711.94 in 2020[24]. - The cash flow from operating activities for 2021 was CNY 11,844,627.14, down 33.18% from CNY 17,725,453.37 in 2020[24]. - The total assets at the end of 2021 were CNY 1,365,896,732.47, an increase of 41.35% from CNY 966,331,755.58 at the end of 2020[24]. - The basic earnings per share for 2021 was CNY 1.64, a decrease of 2.38% from CNY 1.68 in 2020[25]. - The weighted average return on equity for 2021 was 16.17%, down 3.63 percentage points from 19.80% in 2020[25]. - The company reported a net profit of CNY 42,287,152.19 in Q4 2021, which was the highest quarterly profit for the year[27]. - The company’s net assets attributable to shareholders increased by 17.59% to CNY 755,278,029.60 at the end of 2021 compared to CNY 642,314,027.93 at the end of 2020[24]. - The company recorded non-recurring gains of CNY 10,291,084.68 in 2021, compared to CNY 12,263,643.46 in 2020[30]. - The company achieved a total revenue of 1,693,205,534.42 CNY for the reporting period, representing a year-on-year increase of 67.39%[70]. - The company's net profit attributable to shareholders was 112,964,000 CNY, a decrease of 2.40% compared to the same period last year[70]. - The total assets of the company reached 1,365,896,700 CNY, an increase of 41.35% from the previous year[70]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 4 RMB per 10 shares, totaling approximately 36.8 million RMB, which represents 32.58% of the net profit attributable to shareholders for 2021, amounting to approximately 113 million RMB[6]. - The company has a clear cash dividend policy that aligns with its articles of association and shareholder resolutions[159]. Governance and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has provided a standard unqualified audit report from Lixin Certified Public Accountants[5]. - The company has confirmed that all board members attended the board meeting, ensuring proper governance[4]. - The company held 2 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and compliance with legal requirements[126]. - The board of directors consists of 5 members, including 2 independent directors, meeting the legal requirements for composition[126]. - The company held 3 board meetings during the reporting period, demonstrating active governance[126]. - The company has established a comprehensive governance structure, including specialized committees to oversee various functions[126]. - The company plans to continue improving its governance structure in accordance with legal and regulatory requirements[128]. - The company has not encountered any violations regarding guarantees during the reporting period[198]. - The company has not received any non-standard audit opinions from its accounting firm[199]. Market and Product Development - The company plans to continue expanding its market presence and invest in new product development to drive future growth[24]. - The company is expanding production capacity, with expected total capacity for solar packaging film to reach approximately 300 million square meters per year[35]. - New production lines for functional polyolefin hot melt adhesives are projected to reach an annual capacity of about 90,000 tons[35]. - The company has established a comprehensive R&D system, focusing on new product development and technological innovation[39]. - The company has developed a new thermoplastic optical transparent film (TOCF) for touch panels and display modules, enhancing optical performance and providing excellent bonding effects[46]. - The company is focusing on the development of high-performance functional polymer materials and aims to become a respected international brand in this field[113]. - The company is actively developing new products such as high barrier packaging hot melt adhesives and composite board hot melt adhesives[113]. Environmental and Social Responsibility - The company has constructed a solar photovoltaic power station on suitable rooftops and adopted energy-efficient equipment to reduce carbon emissions[170]. - The company has established an emergency response plan for environmental incidents, which is regularly practiced and has not encountered any environmental emergencies during the reporting period[168]. - The company adheres to the Environmental Protection Law and ensures that all emissions, including waste gas, wastewater, and noise, are within regulatory limits[171]. - The company actively participates in social welfare activities, including establishing long-term poverty alleviation mechanisms[172]. - The company has a robust environmental monitoring plan to track pollutant emissions and their impact on the surrounding environment[168]. Research and Development - The company holds 114 domestic patent authorizations, including 76 invention patents and 38 utility model patents, showcasing its strong R&D capabilities[63]. - The company has developed a core technology system based on "chemical grafting + physical blending," which is internationally leading in the production of functional hot melt adhesive particles[64]. - The company’s R&D expenses increased by 42.47% to 53,035,184.20 CNY, reflecting its commitment to innovation[71]. - The company is focusing on R&D for functional polyolefins and hot melt adhesives, targeting applications in construction materials and energy pipelines[96]. - The company emphasizes the importance of continuous R&D in product formulations and processes to maintain competitive advantage and profitability[119]. Risks and Challenges - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section[11]. - The company faces risks from fluctuations in downstream industries, particularly in construction and energy sectors, which could impact revenue from its main products[117]. - Raw material costs, which account for over 88% of the company's main business costs, are subject to market price fluctuations, potentially affecting gross margins[120]. - The company anticipates stricter regulations on carbon emissions, impacting the chemical industry and potentially reshaping market dynamics[92]. - Currency exchange rate fluctuations may impact profitability as the company engages in overseas sales and purchases, primarily settled in USD[123]. Employee Management - The total number of employees in the parent company and major subsidiaries is 502, with 236 in production, 58 in sales, 113 in technical roles, and 14 in finance[154]. - The company has established a competitive salary policy that includes fixed and variable components, with performance evaluations conducted monthly for production staff and quarterly for other employees[156]. - The company emphasizes employee training and development, implementing various training programs to enhance skills and support career growth[157]. Shareholder Commitments - The company commits to not transferring or entrusting the management of its shares for 36 months post-IPO, with an automatic extension of the lock-up period under certain conditions[176]. - Shareholders, including directors and senior management, commit to not transferring or entrusting management of their pre-IPO shares for 12 months post-listing[178]. - The lock-up period for major shareholders is set at 36 months post-listing, during which they cannot transfer or manage their pre-IPO shares[181]. - If the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-listing, the lock-up period for pre-IPO shares will be extended by 6 months[178].