Financial Performance - The company achieved a net profit attributable to shareholders of 157,791,808.17 RMB for the year 2020, with a surplus reserve of 10,481,133.72 RMB, resulting in a distributable profit of 157,791,808.17 RMB[4]. - A cash dividend of 3.80 RMB (including tax) per 10 shares is proposed, totaling 48,433,280 RMB, which represents 30.69% of the net profit attributable to shareholders for the year[4]. - The company's operating revenue for 2020 was approximately ¥1.22 billion, representing a year-on-year increase of 4.68% compared to ¥1.17 billion in 2019[21]. - The net profit attributable to shareholders for 2020 was approximately ¥157.79 million, an increase of 15.78% from ¥136.29 million in 2019[21]. - The basic earnings per share for 2020 was ¥1.24, a slight increase of 1.64% compared to ¥1.22 in 2019[23]. - The total profit reached ¥185,400,506.61, with a net profit attributable to shareholders of ¥157,791,808.17, reflecting a 15.78% increase year-over-year[45]. - The company reported a total of 122,107.31 million RMB in revenue for the year, representing a year-on-year increase of 4.61%[91]. Assets and Liabilities - The company's total assets as of the end of 2020 were approximately ¥2.56 billion, reflecting a 2.22% increase from ¥2.50 billion at the end of 2019[21]. - The company's net assets attributable to shareholders increased by 4.79% to approximately ¥2.26 billion at the end of 2020, compared to ¥2.16 billion at the end of 2019[21]. - The company's foreign assets amounted to approximately 19 million RMB, representing 0.74% of total assets[37]. - Cash and cash equivalents at the end of the period were ¥199,797,546.06, a 5.86% increase from ¥188,728,984.49 at the end of the previous period[66]. - The company's total assets include trading financial assets of ¥385,000,000.00, representing 15.05% of total assets[66]. Production and Operations - The company has established two major production bases in Shandong and Chongqing, with an annual production capacity of approximately 190,000 tons of fine chemical products[31]. - The company has implemented an "order + safety stock" production model to optimize its production planning based on market demand and order status[32]. - The company’s Chongqing production base is adjacent to the largest adipic acid producer in China, ensuring a stable supply of key raw materials[41]. - The production volume of the dimethyl succinate series was 78,164.83 tons, with a sales volume of 79,171.21 tons, reflecting a 6.53% increase in sales[55]. - The company’s production bases in Weifang and Chongqing facilitate efficient logistics and collaboration with suppliers, reducing costs and enhancing operational efficiency[76]. Research and Development - In 2020, the company applied for 7 invention patents and 24 utility model patents, with a total of 51 patents held by the end of the year, including 16 invention patents[39]. - Research and development expenses increased by 41.12% to ¥54,403,061.24, indicating a commitment to innovation and product development[47]. - The number of R&D personnel is 115, accounting for 16.96% of the total workforce[65]. - The company emphasizes R&D and innovation, achieving key technological breakthroughs in projects such as polycarbonate diol, high-temperature nylon, and decanediamine, enhancing production processes for MDBE and 1,6-hexanediol[81]. Market Position and Strategy - The company is a global leader in the production capacity of mixed dibasic acid dimethyl ester (MDBE®) and has a leading domestic capacity for 1,6-hexanediol and DCP, strengthening its market competitiveness[34]. - The company has formed strategic partnerships with several top global chemical companies, enhancing its market position and brand recognition[39]. - The company is committed to safety and environmental management, achieving zero incidents during the pandemic[43]. - The company plans to actively explore new overseas markets to compensate for export declines caused by the pandemic[107]. - The company aims to enhance its competitive edge by focusing on high-quality development and optimizing its production bases in Shandong and Chongqing during the 14th Five-Year Plan period[98]. Environmental Responsibility - The company has set up a wastewater online monitoring system to ensure compliance with the wastewater discharge standards, with a chemical oxygen demand (COD) discharge of 5.81 mg/L, significantly below the standard limit of 500 mg/L[162]. - The company has implemented a comprehensive air pollution control system, achieving actual emissions of nitrogen oxides at 40.195 mg/L, well below the standard limit of 100 mg/L[165]. - The company has a proactive approach to environmental responsibility, ensuring that all production wastewater is treated and reused, with no external discharge[161]. - The company has established a hazardous waste management plan and a dedicated storage facility for hazardous waste, ensuring compliance with relevant regulations[160]. Shareholder and Governance - The controlling shareholder and related parties have committed to not transferring or managing their shares for 36 months post-IPO[116]. - The company has established commitments to avoid any business competition with its controlling shareholders[123]. - The company will initiate a share buyback if the stock price falls below the audited net asset value per share for 20 consecutive trading days[127]. - The total number of ordinary shares increased from 91,040,000 to 127,456,000 after a capital reserve conversion plan, diluting earnings per share and net assets per share[179]. - The company’s stock structure showed a significant concentration of ownership among the top shareholders, with the top three holding over 63% of the shares[188].

Financial Performance - Revenue for the first nine months was CNY 854,676,842.10, a decrease of 4.62% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 8.99% to CNY 111,228,100.02 for the first nine months[5]. - Basic earnings per share for the period was CNY 0.873, down 24.15% from CNY 1.151 in the previous year[6]. - The weighted average return on net assets decreased by 4.13 percentage points to 5.09%[6]. - Total operating revenue for Q3 2020 was $318.46 million, an increase of 12.7% compared to $282.47 million in Q3 2019[41]. - Net profit for Q3 2020 reached $41.73 million, a 21.5% increase from $34.26 million in Q3 2019[42]. - The total profit for Q3 2020 was $47.31 million, compared to $43.72 million in Q3 2019, marking an increase of 3.6%[42]. - The total comprehensive income of $41.71 million in Q3 2020, up from $34.25 million in Q3 2019, representing a growth of 21.7%[43]. - The total comprehensive income for the first three quarters of 2020 was ¥79.74 million, down from ¥114.20 million in the same period of 2019, a decline of 30.1%[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,457,024,008.03, a decrease of 1.81% compared to the end of the previous year[5]. - Non-current assets totaled CNY 771,263,332.45, down from CNY 823,290,211.34, indicating a decrease of about 6.3%[35]. - Current liabilities decreased to CNY 223,818,926.73 from CNY 329,194,655.20, a reduction of approximately 32%[35]. - Total liabilities were CNY 244,690,192.21, down from CNY 346,536,692.83, representing a decline of around 29.4%[36]. - The total liabilities and owner's equity amounted to CNY 2,426,522,937.29, slightly up from CNY 2,402,040,438.12, reflecting a growth of approximately 1%[39]. - Total assets reached CNY 2,502,222,408.63, with non-current assets accounting for CNY 823,290,211.34[52]. - Current liabilities totaled CNY 329,194,655.20, with accounts payable at CNY 202,262,922.86[52]. - Total liabilities amounted to CNY 346,536,692.83, while total equity was CNY 2,155,685,715.80[53]. Cash Flow - Operating cash flow for the first nine months was CNY 101,125,337.74, an increase of 31.32% year-on-year[5]. - Cash flow from operating activities for the first three quarters of 2020 was approximately ¥638.51 million, slightly down from ¥649.80 million in the same period of 2019[47]. - The net cash flow from investment activities for the first nine months of 2020 was ¥62,625,133.11, recovering from a negative cash flow of ¥1,081,433,039.01 in the same period of 2019[49]. - The total cash inflow from financing activities for the first nine months of 2020 was ¥1,204,283,683.02, compared to ¥1,169,283,683.02 in the same period of 2019, indicating a slight increase[49]. - The total cash and cash equivalents at the end of Q3 2020 amounted to ¥256,918,351.45, up from ¥156,646,724.57 at the end of Q3 2019, reflecting an increase of approximately 63.9%[48]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,943[10]. - The largest shareholder, Liu Xiuhua, holds 58.88% of the shares, totaling 75,039,751 shares[10]. Investment and R&D - R&D expenses increased by 30.57% to RMB 36,268,159.46, reflecting higher investment in research and development activities[30]. - Research and development expenses in Q3 2020 were $14.62 million, a significant increase of 65.8% compared to $8.83 million in Q3 2019[41]. Other Financial Metrics - The company reported non-operating income of CNY 7,949,066.32 for the first nine months, compared to CNY 25,664,402.95 in the previous year[8]. - Investment income increased by 302.99% to RMB 25,664,402.95, primarily due to increased income from wealth management products[26]. - The company incurred a financial expense of $2.19 million in Q3 2020, compared to a financial income of $2.89 million in Q3 2019[41]. - Tax expenses for Q3 2020 were $5.58 million, a decrease of 41.5% from $9.46 million in Q3 2019[42].

证券代码：603217 证券简称：元利科技 公告编号：2020-050 元利化学集团股份有限公司 关于参加山东辖区上市公司 2020 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。 为进一步加强与投资者的互动交流工作，构建和谐投资者关系，切实提高上 市公司透明度和治理水平，元利化学集团股份有限公司（以下简称"公司"）定 于 2020 年 9 月 29 日（星期二）下午 14:00-17:00 参加山东上市公司协会举办的 "山东辖区上市公司 2020 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通过网上平台采取网络远程的方式举行， 活动网址：全景·路演天下 http://rs.p5w.net。投资者可以登录活动网址参与 本次活动。 届时公司财务负责人刘玉江先生、董事会秘书冯国梁先生将通过网络在线交 流形式与投资者就公司治理、发展战略、经营状况和可持续发展等投资者关注的 问题进行沟通，欢迎广大投资者积极参与。 特此公告。 元利化学集团股份有限公 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥536,212,568.08, a decrease of 12.61% compared to ¥613,585,454.52 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was ¥69,494,833.13, down 20.98% from ¥87,951,146.86 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 38.53%, amounting to ¥53,387,235.81 compared to ¥86,843,992.94 last year[21]. - Basic earnings per share for the first half of 2020 were ¥0.545, a decline of 40.76% from ¥0.920 in the same period last year[20]. - The weighted average return on net assets decreased by 6.26 percentage points to 3.19% compared to 9.45% in the previous year[20]. - The company's operating costs decreased by 4.56%, amounting to ¥419,483,359.94, down from ¥439,544,642.02 in the previous year[38]. - Research and development expenses increased by 14.22%, reaching ¥21,645,541.49, compared to ¥18,951,454.87 in the same period last year[38]. - The company reported a significant increase in sales expenses by 15.62%, primarily due to higher logistics and warehousing costs[38]. - The company achieved a total comprehensive income of ¥69,560,479.86, down from ¥87,948,653.16 in the first half of 2019[137]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,409,581,264.03, a decrease of 3.70% from ¥2,502,222,408.63 at the end of the previous year[19]. - The company's net assets attributable to shareholders increased by 0.69% to ¥2,170,622,195.66 from ¥2,155,685,715.80 at the end of the previous year[19]. - Accounts receivable decreased by 11.20% to ¥77,919,949.73 compared to the previous year[42]. - Other current assets increased significantly by 1,621.00% to ¥1,021,025,846.47, mainly due to an increase in bank wealth management products[42]. - Construction in progress decreased by 84.50% to ¥30,049,185.25, primarily due to the transfer of projects to fixed assets[42]. - Deferred income tax assets decreased by 30.21% to ¥31,622,090.42, attributed to changes in tax rates[42]. - Short-term borrowings decreased by 100% to ¥0, reflecting repayment of short-term loans[43]. - Accounts payable increased by 30.58% to ¥157,821,531.90, due to the endorsement of bank acceptance bills[44]. - The company's capital stock increased by 40% to ¥127,456,000.00, resulting from a capital reserve conversion[44]. - The total liabilities at the end of the reporting period are not explicitly stated but are implied to be significant given the equity figures[157]. Cash Flow - The net cash flow from operating activities was ¥55,018,121.45, an increase of 6.31% compared to ¥51,753,219.52 in the same period last year[19]. - The company experienced a significant decrease in cash flow from investment activities, with a net cash flow of -¥6,350,999.48, compared to -¥48,774,129.76 in the previous year[39]. - The ending cash and cash equivalents balance was CNY 135,395,856.73, down from CNY 1,257,759,598.16 at the end of the first half of 2019[143]. - The company received CNY 746,000,000.00 from investment recoveries, a substantial increase from CNY 220,000,000.00 in the previous year[143]. - The cash flow from operating activities showed resilience with a net increase of 4.88% compared to the previous year, reflecting effective cost management despite lower sales[142]. Market Position and Strategy - The company has established two production bases in Weifang and Chongqing, becoming a global leader in the supply of mixed dibasic acid dimethyl ester and 1,6-hexanediol[27]. - The company focuses on high-tech, high-value-added fine chemical products, continuously enriching its product structure to meet diverse customer needs[27]. - The company is committed to expanding its production scale and enhancing profitability through the development of high-value new products[28]. - The company has established strategic partnerships with several top global chemical companies, enhancing its market position[31]. - The company has set up a subsidiary in the Netherlands to enhance service and responsiveness to European customers[28]. Environmental and Safety Management - The company has implemented strict environmental protection measures, including real-time monitoring of emissions and compliance with national standards[84]. - Wastewater treatment meets A-level standards as per GB/T31962-2015, with real-time monitoring systems in place[85]. - The company has established a hazardous waste management plan and a dedicated storage facility for hazardous waste[85]. - The company has not experienced any significant environmental pollution incidents or received administrative penalties during the reporting period[98]. - The company has made substantial investments in safety and environmental management, enhancing its green development capabilities[35]. Shareholder and Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[6]. - All resolutions at the shareholder meetings during the reporting period were approved without any rejections[53]. - The lock-up period for major shareholders and executives has been extended by 6 months due to stock price conditions, affecting their ability to sell shares[59]. - The controlling shareholder Liu Xiuhua and shareholders holding more than 5% of the company’s shares have committed to avoid any business competition with the issuer[61]. - The company has appointed Tianzhi International Accounting Firm for the 2020 financial report and internal control audit, which was approved by the shareholders' meeting[79]. Risks and Challenges - The company faces market competition risks from foreign fine chemical giants, which may lead to decreased product sales prices and quantities, impacting gross margins and profitability[50]. - Raw material prices constitute a significant portion of production costs; fluctuations could adversely affect profitability if not managed properly[50]. - The company has a risk of safety incidents that could disrupt normal operations, despite having strict safety measures in place[51]. - The company is exposed to risks related to the volatility of raw material prices, which could impact its overall financial performance[50].

Financial Performance - In 2019, the company achieved a net profit attributable to shareholders of RMB 136,289,546.13, a decrease of 43.57% compared to RMB 241,527,023.64 in 2018[5] - The company's operating revenue for 2019 was RMB 1,167,341,898.49, down 14.63% from RMB 1,367,416,397.17 in 2018[24] - The net cash flow from operating activities was RMB 78,315,988.47, a decline of 50.68% compared to RMB 158,799,448.95 in the previous year[25] - Basic earnings per share decreased by 51.69% to CNY 1.71 compared to CNY 3.54 in the previous year[26] - Net profit attributable to shareholders decreased by 43.57% year-on-year, primarily due to the overall downturn in the macroeconomic environment and the chemical industry[28] - Gross profit margin declined from 34.14% to 24.64%, significantly impacting net profit[28] - The total profit was CNY 179,959,789.49, and the net profit attributable to shareholders was CNY 136,289,546.13, down 43.57% year-on-year[49] Assets and Capital Structure - The total assets of the company increased by 97.28% to RMB 2,502,222,408.63 at the end of 2019, compared to RMB 1,268,347,753.00 at the end of 2018[25] - The company's net assets attributable to shareholders rose by 142.98% to RMB 2,155,685,715.80 at the end of 2019, compared to RMB 887,170,840.85 at the end of 2018[25] - The capital reserve increased from 149,477,000 RMB at the end of 2018 to 1,258,947,000 RMB at the end of 2019, representing 58.40% of the net assets attributable to shareholders[134] - The company plans to increase its share capital by 4 shares for every 10 shares held, resulting in a post-increase total share capital of 127,456,000 shares[136] Dividend Policy - The company plans to distribute a cash dividend of RMB 6.00 per 10 shares, totaling RMB 54,624,000, which represents 40.08% of the net profit attributable to shareholders[5] - The company is committed to a cash dividend policy, distributing at least 15% of distributable profits as cash dividends when profitable[128] - The company proposed a cash dividend plan for 2019, distributing a total of 54,624,000 RMB, which accounts for 8.85% of the cumulative net profit attributable to shareholders from 2017 to 2019[132] Research and Development - The company has added 2 new invention patents and 1 utility model patent in 2019, bringing the total to 14 and 24 respectively, showcasing its commitment to innovation and technology development[43] - Research and development expenses decreased by 10.34% to CNY 38,550,095.02 compared to the previous year[52] - The company is focusing on technological innovation and has established partnerships with high-quality customers for new product development, particularly in high-efficiency coating additives[48] - The company actively engages in R&D collaborations with research institutions and universities, conducting over 20 technical exchanges in 2019[94] Market Strategy - The company adopted a proactive discount sales strategy to enhance market share and explore new downstream markets[28] - The company's sales strategy includes both domestic and international markets, with a subsidiary in the Netherlands to enhance service to European customers and respond quickly to market demands[37] - The company plans to increase market share by optimizing downstream customer structure and expanding both domestic and international markets[122] Environmental Responsibility - The company has successfully completed environmental enhancement projects, including a fully enclosed coal yard and wastewater deep treatment for water reuse in 2019[181] - The company reported a total wastewater discharge of 23,564 tons for chemical oxygen demand (COD), which is below the standard limit of 500 mg/L[179] - The company achieved a nitrogen oxide (NOx) emission of 28.203 tons, complying with the emission standard of 100 mg/L[180] - The company has implemented a leak detection and repair system (LDAR) covering over 20,300 sealing points to minimize unorganized emissions[177] Risks and Challenges - The overall economic environment remains challenging, with pressures from trade uncertainties and environmental regulations impacting the fine chemical industry[85] - The company faces risks from market competition, raw material price fluctuations, and safety production issues, which could impact profitability[123] - The company emphasizes the uncertainty of forward-looking statements regarding future plans and strategies, advising investors to be cautious[7] Shareholder Commitments - The controlling shareholder committed to use an amount for repurchasing shares not less than 35% and not more than 50% of their personal annual salary[156] - The company will require future directors and senior management to make similar commitments regarding share repurchase obligations as a condition for their hiring[156] - The controlling shareholder, Liu Xiuhua, promised not to interfere with the company's management and will bear compensation responsibility for any losses caused by violations of this commitment[157] Audit and Compliance - The company has engaged Tianzhi International Accounting Firm for audit services, with a remuneration of 600,000 RMB for a five-year term[168] - There are no significant litigation or arbitration matters reported for the year[169] - The company has not faced any risks of suspension or termination of its listing[169]

Financial Performance - Net profit attributable to shareholders decreased by 35.57% to CNY 28,000,226.99 year-on-year[6] - Operating revenue fell by 19.10% to CNY 248,681,814.36 compared to the same period last year[6] - Basic earnings per share decreased by 51.57% to CNY 0.308[6] - The company's net profit for Q1 2020 was ¥28,000,226.99, a decrease of 35.57% compared to ¥43,459,157.64 in the same period last year[17] - Operating profit fell to ¥33,423,830.05, down 43.33% from ¥58,983,358.90 year-on-year, primarily due to a decline in sales volume caused by the COVID-19 pandemic[17] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 51.80% to CNY 20,614,560.71[6] - The company reported a 56.03% decrease in tax and additional fees, reflecting a reduction in sales revenue[17] - The net profit for Q1 2020 was ¥21,701,718.61, down 54.7% from ¥47,894,224.94 in Q1 2019[36] - The total profit for Q1 2020 was ¥27,067,662.24, compared to ¥64,922,502.66 in Q1 2019, reflecting a decrease of 58.3%[36] Cash Flow - Net cash flow from operating activities increased by 79.70% to CNY 39,646,438.57 year-on-year[6] - The company's cash flow from operating activities increased by 79.70% to ¥39,646,438.57, compared to ¥22,062,160.29 in the same period last year[17] - The company's cash inflow from operating activities in Q1 2020 was ¥189,418,429.51, down from ¥214,887,419.25 in Q1 2019[39] - The total cash inflow from operating activities was CNY 151,956,753.41, down from CNY 214,613,612.81 in the previous year[42] - Cash flow from investment activities showed a net outflow of ¥62,870,165.81, a 222.93% increase in outflow compared to the previous year[17] - Cash outflow for investment activities reached CNY 422,808,632.76, compared to CNY 139,178,363.99 in Q1 2019, resulting in a net cash flow from investment activities of -CNY 71,338,549.10[43] - The company reported a net cash outflow from financing activities of -CNY 6,889,536.91, compared to a net inflow of CNY 35,000,000.00 in Q1 2019[41] Assets and Liabilities - Total assets decreased by 1.61% to CNY 2,462,026,271.46 compared to the end of the previous year[6] - Total assets as of March 31, 2020, amounted to CNY 2,408,031,121.64, slightly up from CNY 2,402,040,438.12 at the end of 2019[29] - Total liabilities as of March 31, 2020, were CNY 227,137,795.10, down from CNY 242,848,830.19 at the end of 2019, indicating a reduction of 6.48%[29] - Shareholders' equity totaled CNY 2,180,893,326.54 as of March 31, 2020, an increase from CNY 2,159,191,607.93 at the end of 2019[29] - The company’s total liabilities and equity amounted to CNY 2,402,040,438.12[53] Operational Efficiency - Total operating revenue for Q1 2020 was CNY 248,681,814.36, a decrease of 19.06% compared to CNY 307,375,162.15 in Q1 2019[33] - Total operating costs for Q1 2020 were CNY 223,562,855.22, down 10.00% from CNY 248,101,278.73 in Q1 2019[33] - Operating profit for Q1 2020 was CNY 33,423,830.05, a decline of 43.38% from CNY 58,983,358.90 in Q1 2019[33] - Research and development expenses for Q1 2020 were CNY 8,693,389.14, down from CNY 9,911,935.17 in Q1 2019, reflecting a decrease of 12.24%[33] Future Outlook - The company anticipates a significant decline in cumulative net profit for the year compared to the previous year, citing uncertainties due to the ongoing pandemic[18] - The company plans to enhance customer loyalty and focus on cost control to maintain reasonable profit margins amid increasing market competition[20] - The company aims to strengthen technology and new product development to adapt to changing market demands and explore new profit opportunities[20]

Financial Performance - In 2019, the company achieved a net profit attributable to shareholders of RMB 136,289,546.13, a decrease of 43.57% compared to RMB 241,527,023.64 in 2018[5][23]. - The company's total revenue for 2019 was RMB 1,167,341,898.49, representing a decline of 14.63% from RMB 1,367,416,397.17 in 2018[23]. - The net profit attributable to shareholders decreased by 52.85% to ¥117,191,286.03 compared to the previous year[24]. - The net cash flow from operating activities decreased by 50.68% to ¥78,315,988.47, primarily due to a decline in sales revenue and increased cash outflows for procurement[27]. - Basic earnings per share dropped by 51.69% to ¥1.71, reflecting a significant decline in net profit[25]. - The weighted average return on equity decreased by 22.55 percentage points to 8.96% due to the substantial drop in net profit[25]. - The gross profit margin fell from 34.14% to 24.64%, influenced by a combination of market conditions and a proactive pricing strategy[27]. - The total profit was CNY 179,959,789.49, and the net profit attributable to shareholders was CNY 136,289,546.13, down 43.57% year-on-year[47]. - The company's net assets attributable to shareholders increased by 142.98% to CNY 2,155,685,715.80 compared to the same period last year[47]. - The cash flow from operating activities decreased by 50.68% due to reduced sales revenue and increased cash outflow for purchases[49]. Dividend and Share Capital - The proposed cash dividend is RMB 6.00 per 10 shares, totaling RMB 54,624,000, which accounts for 40.08% of the net profit attributable to shareholders[5]. - The company plans to increase its share capital by 4 shares for every 10 shares held, resulting in a new total share capital of 127,456,000 shares[6]. - The cash dividend policy stipulates that at least 15% of the distributable profit should be distributed in cash if the company is profitable and has no major investment plans[123]. - In the case of significant investment plans, the minimum cash dividend proportion should be 20% during the profit distribution[124]. - The total cash dividend for 2019 accounted for 8.85% of the cumulative net profit attributable to shareholders from 2017 to 2019[127]. - In 2019, the cash dividend per 10 shares was 6.00 CNY, with a total of 54,624,000 shares distributed[126]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[128]. Operational Highlights - The company operates subsidiaries in various regions, including Weifang, Chongqing, and Europe, enhancing its market presence[13]. - The company has established two production bases in Weifang and Chongqing, becoming a global leader in mixed dibasic acid dimethyl ester products and 1,6-hexanediol[35]. - The company’s mixed dibasic acid dimethyl ester (MDBE®) production capacity is globally leading, while 1,6-hexanediol and DCP production capacities are leading domestically, enhancing its market competitiveness[36]. - The company has established warehousing bases in South China, East China, and Europe, optimizing storage coverage and reducing delivery risks[42]. - The company’s Chongqing production base is adjacent to the largest adipic acid producer in China, ensuring a stable supply of key raw materials[42]. - The company has implemented an "order + safety stock" production model, adjusting monthly production plans based on sales forecasts and production capacity[35]. Research and Development - The company has added 2 authorized invention patents and 1 utility model patent in 2019, bringing the total to 14 and 24 respectively, along with 4 new scientific and technological awards[40]. - The number of R&D personnel accounted for 14.01% of the total workforce, with a total of 95 employees dedicated to R&D[68]. - The company focused on technological innovation, launching a series of high-efficiency coating film-forming agents that align with national VOCs reduction policies[46]. - The company plans to increase investment in technology development and innovation, establishing a comprehensive R&D system covering the entire industry chain[117]. Environmental Compliance - The company has established a waste gas online monitoring system to ensure compliance with emission standards[170]. - The company adheres to the "resource utilization, reduction, and harmlessness" principle for solid waste disposal, ensuring proper classification and treatment[171]. - The company’s wastewater treatment complies with the A-level standards of the "Discharge Standard for Pollutants from Municipal Wastewater Treatment Plants" (GB/T31962-2015)[170]. - The company has implemented a leakage detection and repair system (LDAR) covering over 20,300 sealing points to manage unorganized emissions[170]. - Environmental protection facilities, including wastewater treatment and desulfurization systems, were reported to be operating normally, ensuring continuous compliance with emission standards[174]. - No environmental pollution incidents occurred during the reporting period, and the company did not face any administrative penalties from environmental authorities[178]. Market Strategy - The company implemented a sales strategy aimed at increasing market share, which included price reductions[27]. - The company aims to enhance market share by optimizing the downstream customer structure and expanding both domestic and international markets[117]. - The company is positioned in a significant development opportunity period within the fine chemical industry, despite facing challenges such as environmental regulations and market fluctuations[80]. - The company’s fatty alcohol products are primarily used in UV curing materials and polyurethanes, with increasing demand driven by the growth of the construction, automotive, and home appliance industries[85]. Risks and Challenges - The company faces market competition risks from foreign fine chemical giants, which may impact product sales prices and quantities[118]. - The company is exposed to raw material price fluctuation risks, which could adversely affect profitability if not managed properly[118]. - The board of directors emphasizes the importance of cautious investment due to uncertainties in forward-looking statements[7]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 17,951, up from 15,076 at the end of the previous month[189]. - The top ten shareholders held a total of 58.8% of the shares, with Liu Xiuhua being the largest shareholder, holding 53,699,822 shares[191]. - The company has no known related party relationships among the top shareholders, except for familial ties among some shareholders[192]. - The actual controller of the company is Liu Xiuhua, who has not held any other listed companies in the past ten years[196]. Audit and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[4]. - The company has engaged Tianzhi International Accounting Firm for auditing services for five consecutive years, with an audit fee of RMB 600,000[158]. - There are no significant litigation or arbitration matters reported for the current year, indicating a stable legal standing[159]. - The company has not faced any risks of suspension or termination of listing during the reporting period[159].

Financial Performance - Operating revenue decreased by 14.49% year-on-year, amounting to CNY 896,058,945.70[6] - Net profit attributable to shareholders decreased by 39.42% year-on-year, totaling CNY 122,212,789.07[6] - Basic earnings per share decreased by 45.46% to CNY 1.611[6] - The weighted average return on equity decreased by 17.8 percentage points to 9.22%[6] - Operating profit decreased by 43.57% to RMB 153,444,018.62, impacted by market supply and demand dynamics[26] - Total operating revenue for Q3 2019 was ¥282,473,491.18, a decrease of 23.3% compared to ¥368,387,028.01 in Q3 2018[38] - Net profit for Q3 2019 was ¥34,261,642.21, a decline of 54.9% from ¥75,874,638.73 in Q3 2018[39] - Total profit for Q3 2019 was ¥43,719,102.86, a decrease of 57.5% from ¥102,906,483.52 in Q3 2018[39] - Total profit for Q3 2019 was CNY 35.33 million, a decrease of 67.0% from CNY 107.19 million in Q3 2018[43] Assets and Liabilities - Total assets increased by 88.31% year-on-year, reaching CNY 2,388,433,749.90[6] - Net assets attributable to shareholders increased by 141.40% year-on-year, totaling CNY 2,141,601,934.53[6] - Total current assets reached ¥1,549,593,818.18 as of September 30, 2019, compared to ¥472,282,011.13 at the end of 2018, representing a significant increase of 228.5%[32] - Total liabilities decreased significantly, with short-term borrowings down by 98.06% to RMB 3,000,000.00 due to repayment of bank loans[18] - Total liabilities decreased to ¥246,831,815.37 from ¥381,176,912.15, a reduction of 35.3%[34] - The total current liabilities decreased to ¥231,805,403.14 from ¥365,456,097.31, a decline of 36.6%[34] Cash Flow - Net cash flow from operating activities decreased by 15.72% year-on-year, amounting to CNY 133,567,979.78[6] - Cash flow from financing activities increased by 5631.38% to RMB 983,819,663.99, due to successful fundraising from the IPO[27] - Cash flow from operating activities for the first nine months of 2019 was CNY 634.23 million, down from CNY 736.88 million in the same period of 2018[45] - The net cash flow from operating activities for Q3 2019 was ¥133,567,979.78, a decrease of 15.7% compared to ¥158,477,434.18 in Q3 2018[46] - Cash flow from financing activities generated a net inflow of ¥983,819,663.99, a substantial improvement from a net outflow of ¥17,786,150.82 in the previous year[47] Shareholder Information - The total number of shareholders reached 19,056[10] - The largest shareholder, Liu Xiuhua, holds 58.88% of the shares[10] Government and Other Income - Government subsidies recognized in the current period amounted to CNY 8,655,168.22[8] - Other income surged by 549.01% to RMB 1,678,535.47, primarily from government subsidies related to the company's operations[25] - Investment income increased by 173.95% to RMB 6,368,572.85, driven by returns from financial investments[25] Investment Activities - The company reported a total investment payment of ¥1,817,730,000.00 for the first nine months of 2019, a significant increase from ¥379,000,000.00 in the same period of 2018[49] - The cash outflow for investment activities in Q3 2019 was ¥1,984,782,861.86, compared to ¥501,799,187.33 in Q3 2018, indicating aggressive investment strategies[50] - The company received ¥1,169,283,683.02 from investment absorption in Q3 2019, with no comparable figure from the previous year[50] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[41]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥613,585,454.52, a decrease of 9.70% compared to ¥679,512,776.12 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was ¥87,951,146.86, down 30.12% from ¥125,862,564.69 in the previous year[19]. - The net cash flow from operating activities decreased by 50.06%, amounting to ¥51,753,219.52, compared to ¥103,636,433.28 in the same period last year[21]. - Basic earnings per share for the first half of 2019 were ¥1.288, a decrease of 30.11% from ¥1.843 in the same period last year[20]. - The weighted average return on net assets decreased by 8.31 percentage points to 9.45% from 17.76% in the previous year[20]. - Total profit amounted to ¥117,552,274.71, while net profit attributable to shareholders was ¥87,951,146.86, down 30.12% year-on-year[42]. - The company reported a decrease in net profit of 12,864 RMB compared to the previous period[150]. - The company's total comprehensive income for the current period was RMB 87,502,000.00, compared to RMB 129,474,000.00 in the same period last year, indicating a decrease of about 32.4%[161]. Assets and Liabilities - The company's net assets increased by 137.54% to ¥2,107,349,494.01 from ¥887,170,840.85 at the end of the previous year[19]. - Total assets rose by 98.98% to ¥2,523,821,138.91 from ¥1,268,347,753.00 at the end of the previous year[19]. - The total liabilities of the company were CNY 416,471,644.90, compared to CNY 381,176,912.15 at the end of 2018, showing a slight increase in liabilities[121]. - The total equity attributable to shareholders reached CNY 2,107,349,494.01, a significant rise from CNY 887,170,840.85 as of December 31, 2018[121]. - The company's total liabilities decreased to RMB 724,551,000.00 from RMB 775,844,000.00, indicating a reduction of about 6.6%[158]. Cash Flow - The company reported a net cash inflow from operating activities of CNY 51.75 million, down 50.0% from CNY 103.64 million in the first half of 2018[134]. - Cash and cash equivalents at the end of the period increased to CNY 1.26 billion, compared to CNY 161.24 million at the end of the first half of 2018[135]. - The net cash flow from financing activities was ¥1,140,692,209.18, a substantial increase from -¥60,623,295.02 in the first half of 2018[138]. - The ending balance of cash and cash equivalents reached ¥1,248,855,577.04, up from ¥153,264,585.63 at the end of the first half of 2018[138]. Investments and Projects - The company completed the construction of a 40,000 tons/year environmental solvent project and is nearing completion of a 30,000 tons/year fatty alcohol project[42]. - The company has invested a total of RMB 279,223,496.56 in the 40,000 tons/year environmental solvent project and RMB 213,932,721.92 in the 30,000 tons/year fatty alcohol project[55]. - The 40,000 tons/year environmental solvent project has been completed and is now in fixed assets, while the 30,000 tons/year fatty alcohol project is in equipment debugging and trial production[55]. Market and Competitive Position - The company specializes in fine chemical products, focusing on the research, production, and sales of three main product series, including mixed dicarboxylic acid and its derivatives, fatty alcohols, and plasticizers[26]. - The company has established a strong sales system and stable customer base, forming strategic partnerships with several top global chemical companies[26]. - The company has a leading global production capacity for mixed dicarboxylic acid and domestic leading capacity for 1,6-hexanediol and DCP, enhancing its competitive advantage in the fine chemical industry[31]. - The company is focused on expanding its production scale and enhancing its product offerings, aiming for high-value new product mass production to further improve profitability[31]. Research and Development - The company has developed a unique technology and R&D advantage, holding 13 invention patents and 24 utility model patents, contributing to its sustainable competitive edge[37]. - Research and development expenses for the first half of 2019 were CNY 18,951,454.87, down from CNY 21,486,470.91 in 2018, indicating a decrease of about 11.8%[128]. Environmental Compliance - The company has established a complete wastewater collection and treatment system to comply with environmental regulations[93]. - The company has passed the ISO 14001:2004 environmental management system certification, ensuring compliance with environmental laws and regulations[102]. - No environmental pollution incidents occurred during the reporting period, and all pollutants were discharged in compliance with regulations[101]. Shareholder and Corporate Governance - The company completed its initial public offering in June 2019, which contributed to the increase in net and total assets[21]. - The controlling shareholder and actual controller have committed to not engaging in any competing business with the issuer and will ensure that controlled entities do not compete with the issuer's expanded business[70]. - The company has committed to not transferring or managing shares held by major shareholders for 36 months post-IPO[66]. - The company has renewed its audit engagement with Tianzhi International Accounting Firm for the 2019 audit[90]. Financial Reporting and Accounting Policies - The financial statements comply with accounting standards, accurately reflecting the company's financial position, operating results, and cash flows[168]. - The company maintains a normal operating cycle of 12 months from the acquisition of assets to the realization of cash or cash equivalents[170]. - The company recognizes expected credit losses based on the original effective interest rate, considering all reasonable and supportable information, including forward-looking information[196].