证券代码：603299 证券简称：苏盐井神 公告编号：2023-019 江苏苏盐井神股份有限公司 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 5 月 11 日（星期四）下午 15：00—16：00 ●会议召开地点：中国基金报-机会宝网上路演中心（http://www.jhbshow.com） ●会议召开方式: 网络互动 二、说明会召开的时间、地点 （一）会议召开时间：2023 年 5 月 11 日（星期四）下午 15：00—16：00 （二）会议召开地点：中国基金报-机会宝网上路演中心 （三）会议召开方式：网络互动 三、参加人员 公司董事长、总经理、财务负责人兼董事会秘书、独立董事及相关部门负责 人（如遇特殊情况，参会人员可能进行调整）。 四、投资者参加方式 ●投资者可于 2023 年 5 月 10 日 16:00 前通过电话或电子邮件方式联系公司， 预先提出需要了解和关注的问题，公司将在说明会上就投资者普遍关注 ...

Financial Performance - The company's operating revenue for 2022 was CNY 5,969,096,031.06, representing a 25.37% increase compared to CNY 4,761,367,450.23 in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 803,922,985.85, a significant increase of 140.47% from CNY 334,309,183.72 in the previous year[21]. - The net profit after deducting non-recurring gains and losses reached CNY 774,427,391.65, up 151.76% from CNY 307,602,316.47 in 2021[21]. - The cash flow from operating activities for 2022 was CNY 1,142,751,110.30, an increase of 83.22% compared to CNY 623,703,033.36 in 2021[21]. - The total assets as of the end of 2022 amounted to CNY 9,721,755,708.44, reflecting a 20.30% increase from CNY 8,081,144,369.76 at the end of 2021[21]. - The net assets attributable to shareholders at the end of 2022 were CNY 5,053,202,648.07, which is a 16.56% increase from CNY 4,335,188,818.72 in 2021[21]. - Basic earnings per share were 1.0383 yuan, reflecting a substantial growth[32]. - The weighted average return on equity increased by 9.08 percentage points to 17.06%[28]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 3.60 per 10 shares, totaling CNY 281,595,192.84, which accounts for 35.028% of the net profit attributable to shareholders[5]. - The cash dividend represents 35.14% of the net profit attributable to ordinary shareholders in the consolidated financial statements[146]. Production and Sales - The company produced 8.2459 million tons of salt chemical products in 2022, an increase of 6.66% year-on-year[32]. - The sales volume of salt chemical products reached 7.7834 million tons, up 0.77% year-on-year[32]. - The total production volume for the year was approximately 8.25 million tons, with a year-on-year increase of 6.66%[55]. - The production volume of industrial salt increased by 8.95% year-on-year, while the sales volume decreased by 0.69%, resulting in a significant inventory increase of 49.96%[55]. - The company maintained a strong market position, with the top five customers accounting for 14.57% of total sales, and no significant reliance on any single customer[61]. Research and Development - The company launched 46 technology research and development projects during the year, including 11 new edible salt products and 29 new patents, with 10 being invention patents[42]. - The company has filed for 10 patents, including 5 invention patents, and has been recognized as an excellent enterprise for technological innovation in Jiangsu Province[34]. - The company's R&D investment totaled 16.68 million CNY, accounting for 2.79% of total operating revenue[63]. - The number of R&D personnel was 394, representing 10.4% of the total workforce[64]. Market Expansion and Strategy - The company is actively expanding its market channels both domestically and internationally, with a focus on enhancing brand construction[35]. - The company aims to enhance its brand image through the "Three Products" strategy, focusing on high-end and international branding[43]. - The company plans to produce and sell 8.25 million tons of salt chemical products in 2023, including 7.14 million tons of solid salt products and 1.11 million tons of liquid salt[102]. - The company is exploring strategic acquisitions to enhance its supply chain capabilities and diversify product offerings[117]. - The company is expanding its market presence, targeting a 25% increase in distribution channels across eastern China[118]. Environmental and Compliance - The company has implemented a comprehensive environmental management system, ensuring compliance with pollution discharge standards and maintaining operational stability[161]. - The company achieved actual emissions of 12.42 tons of particulate matter, 87.74 tons of SO2, and 245.97 tons of NOX in 2022, significantly below the permitted limits[160]. - The company has maintained a 100% compliance rate with environmental protection measures for all subsidiaries during the reporting period[165]. - The company invested 34.4592 million RMB in environmental protection during the reporting period[156]. Governance and Management - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, ensuring equal voting rights for all shareholders, especially minority shareholders[107]. - The board of directors convened 9 meetings and reviewed 41 proposals, adhering to legal requirements and ensuring diligent decision-making[108]. - The company has established an independent financial accounting system and has no shared accounts with the controlling shareholder, ensuring financial independence[111]. - The company respects the rights of all stakeholders, aiming for a balance of interests among customers, shareholders, employees, and partners[108]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[122]. - Future outlook projects a revenue growth of 10-15% for the next fiscal year, driven by market expansion and new product launches[117]. - The management emphasized a focus on sustainability initiatives, with plans to reduce carbon emissions by 30% over the next five years[118].

Financial Performance - The company's operating revenue for Q3 2022 was CNY 1,440,486,990.61, representing an increase of 18.54% compared to the same period last year[7]. - The net profit attributable to shareholders for Q3 2022 was CNY 210,170,496.37, a significant increase of 112.22% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was CNY 200,978,297.94, up by 98.04% compared to the same period last year[7]. - Total operating revenue for the first three quarters of 2022 reached ¥4,469,998,769.92, an increase of 29.7% compared to ¥3,446,564,593.32 in the same period of 2021[32]. - Net profit for the third quarter of 2022 was ¥704,949,174.55, up 200.5% from ¥234,043,344.01 in the third quarter of 2021[35]. - The total comprehensive income for the period was CNY 704,043,533.56, compared to CNY 234,007,533.41 in the previous period, representing a significant increase[37]. - The net profit attributable to the parent company was CNY 691,094,238.52, up from CNY 229,231,938.43, indicating a strong performance[37]. Assets and Liabilities - The total assets at the end of Q3 2022 reached CNY 10,213,519,631.25, reflecting a growth of 26.39% from the end of the previous year[9]. - Total liabilities increased to ¥4,994,729,179.52, compared to ¥3,598,323,014.06 in the previous year, reflecting a growth of 38.8%[31]. - The company's total equity reached ¥5,218,790,451.73, compared to ¥4,482,821,355.70 in the previous year, marking a growth of 16.4%[31]. - The total assets increased to approximately $9.33 billion, up from $7.54 billion, representing a growth of about 24%[50]. - The total equity increased to approximately $4.61 billion from $4.08 billion, reflecting a growth of about 13%[50]. Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 1,244,830,200.72, showing an increase of 101.63% compared to the previous year[9]. - Cash inflows from operating activities totaled CNY 5,175,622,778.53, an increase from CNY 3,527,521,582.26 year-over-year[41]. - The net cash flow from financing activities was CNY 1,043,768,261.91, compared to CNY 62,857,046.50 in the previous period, suggesting robust financing efforts[43]. - The ending balance of cash and cash equivalents was CNY 2,609,138,754.67, significantly higher than CNY 870,303,943.01 at the end of the previous period[43]. - Cash inflows from financing activities reached CNY 2.30 billion in 2022, significantly higher than CNY 895.04 million in 2021, indicating a growth of approximately 157%[59]. Expenses and Investments - Research and development expenses for the first three quarters of 2022 were ¥92,268,809.47, an increase of 37.2% from ¥67,260,763.19 in the same period of 2021[32]. - The total cost of operations for the first three quarters of 2022 was ¥3,664,897,392.60, an increase of 14.2% from ¥3,207,172,516.74 in the same period of 2021[32]. - The company reported a financial expense of ¥22,892,808.87, down from ¥37,372,758.86 in the previous year[35]. - Cash outflows from investing activities amounted to CNY 1,560,173,591.25, up from CNY 1,300,387,210.94, indicating increased investment activity[43]. Inventory and Receivables - Total current assets as of September 30, 2022, reached CNY 5,509,412,888.59, an increase from CNY 3,557,767,589.60 in the previous year[26]. - Accounts receivable increased to CNY 334,868,494.64 from CNY 207,259,935.92, reflecting a growth of approximately 61.5%[26]. - Inventory stood at CNY 664,189,726.52, slightly up from CNY 655,503,500.80[26]. - The company's inventory decreased to approximately $298 million from $335 million, a decline of about 11%[50]. Government Support and Market Strategy - The company received government subsidies amounting to CNY 9,241,501.06 during the reporting period, contributing to its financial performance[10]. - The company has not provided specific future guidance or market expansion strategies in the current report[23]. - The company has no significant new product launches or technological developments mentioned in the report[23]. - There are no mergers or acquisitions reported during the period[23].

Financial Performance - The company's operating revenue for the first half of 2022 reached RMB 3,029,511,779.31, representing a 35.77% increase compared to RMB 2,231,366,049.57 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was RMB 481,829,383.14, a significant increase of 269.98% from RMB 130,231,227.39 in the previous year[19]. - The net cash flow from operating activities amounted to RMB 1,059,961,611.08, up 288.06% from RMB 273,142,991.10 in the same period last year[19]. - The total assets of the company increased by 20.92% to RMB 9,771,878,592.17 compared to RMB 8,081,144,369.76 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were RMB 4,774,790,653.77, reflecting a 10.14% increase from RMB 4,335,188,818.72 at the end of the previous year[19]. - The basic earnings per share for the first half of 2022 was RMB 0.61520, a 265.76% increase from RMB 0.16820 in the same period last year[19]. - The weighted average return on net assets increased by 7.41 percentage points to 10.58% compared to 3.17% in the previous year[19]. - The company achieved an operating income of 3.03 billion yuan, a year-on-year increase of 35.77%[40]. - The net profit reached 482 million yuan, representing a year-on-year growth of 269.98%[36]. - The basic earnings per share were 0.6152 yuan[36]. - The company reported a total revenue of 36,879.14 million for the period, with a significant increase compared to the previous period[61]. Product and Market Development - The company reported a significant increase in sales prices of major products, contributing to a substantial profit growth year-on-year[22]. - The company has optimized its product structure and organized production scientifically to adapt to market changes[22]. - The company operates in a stable market for edible salt, with demand increasing during winter due to food preservation[30]. - The company has established a comprehensive sales network for edible salt, enhancing its market competitiveness and brand reputation[34]. - The company anticipates stable market demand for soda ash products in the second half of the year, driven by the photovoltaic industry[30]. - The company has engaged in various new product developments, including daily chemical products and cosmetics[63]. - The company is focusing on expanding its market presence through strategic investments and partnerships[61]. Research and Development - The company is recognized as a national enterprise technology center and has been awarded 64 patents, showcasing its technological innovation capabilities[34]. - The company’s research and development expenses increased by 21.48% to 63.86 million yuan[40]. Environmental Compliance and Initiatives - The company has established a robust safety production responsibility system to ensure compliance with environmental regulations and maintain operational safety[66]. - The company is committed to enhancing its environmental protection measures and has increased investments in pollution control initiatives[66]. - The company reported zero environmental pollution incidents or penalties during the reporting period, maintaining a 100% compliance rate with environmental impact assessments[78]. - The company has established a comprehensive environmental management system, achieving certification and conducting regular internal audits[78]. - The company has committed to exceeding local government requirements for air quality improvement, implementing ultra-low emission standards[81]. - The company has developed an emergency response plan for environmental incidents, which has been filed with local environmental authorities[78]. - The company has constructed pollution prevention facilities that are operating effectively alongside main facilities[99]. Financial Position and Liabilities - The company's total liabilities reached ¥4,782,525,077.85, up from ¥3,598,323,014.06, which is an increase of about 32.9%[179]. - Short-term borrowings increased significantly to ¥1,300,667,492.90 from ¥961,516,172.41, marking a rise of about 35.4%[178]. - Long-term borrowings increased to ¥380,000,000.00 from ¥162,500,000.00, representing a growth of about 133.3%[179]. - The company reported accounts payable of RMB 1,747,937.31, down from RMB 9,158,950.00[130]. Corporate Governance and Compliance - The company has undergone changes in its board and management personnel, with several new appointments made during the reporting period[69][72]. - The company has committed to fair pricing in unavoidable related party transactions, adhering to market standards[8]. - The company has no major litigation or arbitration matters during the reporting period, reflecting a stable legal standing[118]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[114]. Shareholder Information - The total number of common stock shareholders reached 50,830 by the end of the reporting period[162]. - The largest shareholder, Jiangsu Salt Industry Group Co., Ltd., holds 491,250,516 shares, accounting for 62.73% of total shares[165]. - The company’s equity incentive plan includes three unlock periods for the restricted shares, starting from April 29, 2024[161]. - The total number of shares increased from 772,926,545 to 783,148,545 after the issuance of new shares[160].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,521,171,198.01, representing a year-on-year increase of 42.59%[6] - Net profit attributable to shareholders was ¥241,328,431.39, showing a significant increase of 344.50% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses reached ¥237,908,663.62, with an impressive growth of 887.10% year-on-year[6] - Basic and diluted earnings per share were both ¥0.3122, marking a 345.36% increase year-on-year[9] - Net profit for Q1 2022 was ¥246,626,611.64, compared to ¥56,397,067.43 in Q1 2021, representing a significant increase[31] - Earnings per share for Q1 2022 were ¥0.3122, up from ¥0.0701 in Q1 2021[33] - The company reported a total comprehensive income of ¥245,251,841.29 for Q1 2022, compared to ¥56,444,545.29 in Q1 2021[33] - Net profit for Q1 2022 was ¥195,406,829.98, a remarkable increase from ¥16,431,981.40 in Q1 2021, representing an increase of 1,088.5%[48] Cash Flow - The net cash flow from operating activities was ¥583,607,374.33, reflecting a substantial increase of 1,684.27% compared to the previous year[6] - Cash flow from operating activities for Q1 2022 was ¥1,868,025,835.83, significantly higher than ¥1,039,642,757.72 in Q1 2021[33] - The company reported a net cash flow from operating activities of ¥635,656,461.24 in Q1 2022, compared to ¥54,373,005.73 in Q1 2021, indicating a strong operational performance[50] - Operating cash inflow totaled CNY 2,049,280,068.45, an increase from CNY 1,089,005,180.03 year-over-year[37] - Net cash flow from operating activities was CNY 583,607,374.33, a significant recovery from a negative CNY 36,837,644.96 last year[37] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,909,997,856.69, a 10.26% increase from the end of the previous year[9] - Total current assets as of March 31, 2022, amount to 4,293,905,734.10 RMB, an increase from 3,557,767,589.60 RMB in the previous year[22] - Total liabilities as of March 31, 2022, are 3,812,735,921.94 RMB, compared to 3,371,072,160.99 RMB in the previous year[25] - Total liabilities increased to ¥4,154,154,261.83 in Q1 2022 from ¥3,598,323,014.06 in Q1 2021, reflecting a growth of 15.5%[31] - The total equity of the company rose to ¥4,277,790,481.17 in Q1 2022, up from ¥4,076,286,021.74 in Q1 2021, reflecting a growth of 4.9%[48] Shareholder Information - Total number of common shareholders at the end of the reporting period is 39,476[16] - Jiangsu Salt Industry Group holds 491,250,516 shares, accounting for 63.56% of total shares[16] Operating Costs and Expenses - Total operating costs for Q1 2022 were ¥1,235,147,010.94, up 23.7% from ¥998,100,041.85 in Q1 2021[31] - Research and development expenses for Q1 2022 were ¥26,848,187.82, slightly down from ¥27,825,236.17 in Q1 2021[31] - Research and development expenses for Q1 2022 were ¥21,886,911.43, a decrease from ¥26,334,639.27 in Q1 2021, indicating a focus on cost management[48] Cash and Cash Equivalents - The company experienced a 62.07% increase in cash and cash equivalents, primarily due to improved operating performance and cash collection[12] - Cash and cash equivalents stand at 1,669,104,017.80 RMB, up from 1,029,880,323.13 RMB year-over-year[22] - The ending cash and cash equivalents balance was CNY 1,519,104,017.80, up from CNY 851,669,544.73 in the previous year[39] - The company’s cash and cash equivalents at the end of Q1 2022 were ¥1,058,375,338.60, compared to ¥158,127,997.84 at the end of Q1 2021, showing a significant increase[52] Other Information - The company has no significant related party transactions or concerted actions among major shareholders[18] - The company does not have any audit opinion issues for the reporting period[20]

Financial Performance - The company's operating revenue for 2021 was CNY 4,761,367,450.23, representing a 20.93% increase compared to CNY 3,937,297,486.13 in 2020[26] - The net profit attributable to shareholders for 2021 was CNY 334,309,183.72, a significant increase of 125.34% from CNY 148,357,618.47 in the previous year[26] - The net profit after deducting non-recurring gains and losses was CNY 307,602,316.47, which is a 317.57% increase compared to CNY 73,664,435.16 in 2020[26] - The cash flow generated from operating activities was CNY 623,703,033.36, down 27.51% from CNY 860,343,669.81 in the previous year[26] - The total assets at the end of 2021 were CNY 8,081,144,369.76, an increase of 11.21% from CNY 7,266,329,106.98 at the end of 2020[26] - The net assets attributable to shareholders at the end of 2021 were CNY 4,335,188,818.72, reflecting a 7.28% increase from CNY 4,040,821,211.23 at the end of 2020[26] - Basic earnings per share were 0.43 RMB, reflecting a significant increase from 0.19 RMB in 2020, marking a growth of 125.31%[39] - The company reported a total revenue of 215,741.89 million CNY, with a net profit of 142,915.18 million CNY for the reporting period[123] Operational Highlights - The company produced 7.7312 million tons of salt chemical products, a 14.53% increase year-on-year, and sold 7.7236 million tons, up 16.54%[39] - The company achieved a revenue of 4.761 billion RMB in 2021, representing a year-on-year increase of 20.93%[39] - The company has been recognized as a top ten enterprise in the light industry salt production sector and has received multiple quality management awards, enhancing its brand reputation[59] - The company is focusing on optimizing its product structure to capitalize on favorable market conditions, which has contributed to the increase in operating performance[63] - The company has established a comprehensive marketing model, utilizing both direct sales and third-party logistics to enhance its market reach[51] Research and Development - Research and development expenses surged by 96.53% to approximately ¥115.74 million, compared to ¥58.89 million last year, reflecting increased investment in technological innovation[60] - The company has obtained 10 authorized patents in the year, including 6 invention patents, and its underground cyclic soda ash process was included in the "Green Low-Carbon Process Directory" for petrochemicals[44] - The company is actively involved in the research and development of new energy storage technologies, aligning with national carbon neutrality goals[44] - The company has allocated 50 million RMB for research and development in innovative salt processing technologies[167] Strategic Initiatives - The company is advancing key projects, including a strategic partnership with PetroChina for a gas storage project, which has received local government support[40] - The company plans to invest ¥223,075.99 million in the Jiangsu Yanye Jingshen Chuzhou Zhangxing Gas Storage Project to enhance natural gas storage capacity[114] - The company is focusing on the circular economy industry chain and exploring effective equity investment opportunities[113] - The company is exploring potential acquisitions to enhance its product portfolio and market presence[158] Market Conditions - The domestic consumption of edible salt is stable at around 10 million tons, with a slow declining trend due to the promotion of salt reduction initiatives and stagnant population growth[46] - The pure soda ash industry is experiencing a supply-demand tight balance, driven by new capacities in downstream industries such as flat glass and photovoltaic glass[49] - The company is addressing increasing competition in the salt market by enhancing production and sales coordination and expanding into domestic and international quality markets[133] Environmental Compliance - The company is committed to environmental sustainability, investing in pollution control and ensuring compliance with stringent environmental regulations[133] - The company has maintained a 100% compliance rate for environmental impact assessments and "three simultaneous" systems for new, expanded, and modified projects[196] - The company has not experienced any environmental pollution incidents or penalties during the reporting period[196] - The company adheres to ultra-low emission standards as required by local government for air quality improvement[199] Governance and Management - The company has established a governance structure that ensures compliance with laws and regulations, enhancing communication with investors and protecting shareholder rights[136] - The company conducted a self-inspection regarding non-operational fund occupation and illegal guarantees by major shareholders and found no violations during the reporting period[138] - The board of directors held 5 meetings during the reporting period, adhering to legal requirements and ensuring thorough discussions on significant matters[140] - The company has established independent financial accounting systems and management practices, ensuring financial independence from major shareholders[144] Employee and Compensation - The total number of employees in the parent company is 1,786, while the main subsidiaries have 2,110 employees, resulting in a total of 3,896 employees[180] - The company has a diversified compensation distribution system, primarily based on performance, ensuring timely and full payment of salaries without any delays[183] - The total pre-tax remuneration for the chairman, Wu Xufeng, was 52.78 million CNY[151] - The total pre-tax remuneration for the vice general manager, Mo Zongqiang, was 40.05 million CNY[151] Future Outlook - The management has indicated that future operational outlooks are subject to uncertainties and do not constitute performance commitments[7] - The company provided a future outlook with a revenue guidance of 1.5 billion RMB for the next quarter, representing a 25% increase[158] - Overall, the company remains optimistic about achieving a 15% growth in net profit for the fiscal year[158]

Revenue and Profitability - The company's revenue for Q3 2021 reached ¥1,215,198,000, representing a 26.45% increase compared to the same period last year[6]. - Net profit attributable to shareholders was ¥99,036,521.64, a significant increase of 774.53% year-over-year[9]. - The net profit after deducting non-recurring gains and losses was ¥101,483,753.31, showing an increase of 14,516.24% compared to the previous year[9]. - The basic earnings per share (EPS) for the quarter was ¥0.1279, up 776.03% from ¥0.0146 in the same quarter last year[9]. - Net profit attributable to shareholders reached ¥1,679,814,137.33, compared to ¥1,495,460,413.68 in the same period last year, reflecting a growth of 12.3%[34]. - The net profit for the current period is 234,043,344.01, an increase of 41.0% compared to 165,977,393.49 in the same period last year[37]. - The total comprehensive income for the current period is 234,007,533.41, up from 165,872,211.42 year-over-year, reflecting a growth of 41.0%[39]. - Basic and diluted earnings per share are both 0.2961, compared to 0.2101 in the previous year, representing an increase of 40.9%[39]. - The company reported a total operating profit of 288,473,788.52, compared to 205,339,170.58 in the previous year, which is an increase of 40.3%[37]. Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥8,030,629,812.75, reflecting a 10.52% increase from the end of the previous year[11]. - The equity attributable to shareholders increased by 4.63% to ¥4,227,747,152.95 compared to the previous year[11]. - Total assets increased to ¥8,030,629,812.75, up from ¥7,266,329,106.98, marking a growth of 10.5%[34]. - Total liabilities rose to ¥3,657,154,491.04, compared to ¥3,084,555,321.97, indicating an increase of 18.5%[32]. - The company's total equity attributable to shareholders reached ¥4,227,747,152.95, compared to ¥4,040,821,211.23, reflecting a growth of 4.6%[34]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥617,393,965.74, a 242.73% increase compared to the same period last year[9]. - Cash flow from operating activities for the current period is 617,393,965.74, significantly higher than 180,140,220.46 in the same period last year, marking a growth of 242.5%[43]. - Cash inflow from investment activities is 327,576,680.91, while cash outflow is 1,300,387,210.94, resulting in a net cash flow from investment activities of -972,810,530.03[43]. - Cash flow from financing activities shows a net increase of 62,857,046.50, compared to 364,958,868.82 in the previous year, indicating a decrease of 82.8%[45]. Operating Performance - Total operating revenue for the first three quarters of 2021 reached ¥3,446,564,593.32, an increase of 20.2% compared to ¥2,864,900,897.46 in the same period of 2020[34]. - Total operating costs for the same period were ¥3,207,172,516.74, up 18.4% from ¥2,707,723,506.13 in 2020[34]. - The company received cash from sales of goods and services amounting to 3,310,791,624.09, up from 2,384,636,674.34, reflecting an increase of 38.7%[39]. Investments and Expenses - Research and development expenses rose by 95.47%, reflecting increased investment in R&D during the reporting period[19]. - Research and development expenses increased to ¥67,260,763.19, a significant rise of 95.7% compared to ¥34,409,230.27 in the previous year[34]. - The company reported a 68.71% increase in investment income, resulting from returns on idle funds invested in financial products[19]. Changes in Receivables and Current Assets - Accounts receivable increased by 93.63% due to a rise in sales revenue during the reporting period[19]. - Other receivables surged by 423.71%, primarily due to an increase in receivables from salt administration[19]. - Other current assets increased by 909.85%, mainly due to increased purchases of financial products during the reporting period[19]. Current Liabilities - The company experienced a 3,342.50% increase in current liabilities due to the rise in long-term borrowings due within one year[19].

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 2,231,366,049.57, representing a 17.20% increase compared to the same period last year[24]. - The net profit attributable to shareholders of the listed company decreased by 13.95% to RMB 130,231,227.39 compared to the previous year[24]. - The net profit after deducting non-recurring gains and losses was RMB 118,775,810.81, a decrease of 1.87% year-on-year[24]. - The net cash flow from operating activities was RMB 273,142,991.10, down 51.87% from the previous year[24]. - Basic earnings per share for the first half of 2021 were RMB 0.1682, a decrease of 13.92% compared to the same period last year[26]. - The weighted average return on net assets was 3.1711%, a decrease of 0.60695 percentage points year-on-year[26]. - The company reported a total revenue of CNY 67,673,179.80 for the current period, down from CNY 78,358,680.81 in the previous period, representing a decrease of approximately 13.7%[120]. - The total profit for the first half of 2021 was CNY 169,888,789.64, compared to CNY 186,487,422.79 in the same period of 2020, reflecting a decline of 8.8%[165]. - The total comprehensive income for the first half of 2021 was CNY 132,937,124.99, compared to CNY 153,567,090.20 in the same period of 2020[161]. Assets and Liabilities - The total assets of the company increased by 5.53% to RMB 7,667,806,193.02 compared to the end of the previous year[24]. - The net assets attributable to shareholders of the listed company rose by 3.26% to RMB 4,172,736,313.00[24]. - Current liabilities totaled RMB 2,632,769,817.35, up from RMB 2,415,581,521.66, marking an increase of about 9%[148]. - The total liabilities as of June 30, 2021, were RMB 3,351,345,103.37, compared to RMB 3,084,555,321.97 at the end of 2020, indicating an increase of approximately 8.7%[148]. - The company's long-term borrowings increased to RMB 691,000,000.00 from RMB 643,500,000.00, reflecting a growth of about 7.4%[148]. Cash Flow - The net cash flow from operating activities for the first half of 2021 was CNY 273,142,991.10, down from CNY 567,516,202.85 in the first half of 2020, a decline of approximately 52.0%[170]. - Cash inflow from operating activities totaled CNY 2,421,098,559.13, an increase from CNY 1,873,408,044.44 in the previous year, reflecting a growth of approximately 29.3%[170]. - Cash outflow from operating activities was CNY 2,147,955,568.03, compared to CNY 1,305,891,841.59 in the same period last year, marking an increase of about 64.4%[170]. - The ending balance of cash and cash equivalents was CNY 1,011,699,959.06, down from CNY 1,405,028,966.45 at the end of the previous year, a decrease of about 28.0%[170]. Market Position and Strategy - The company has been recognized as a leading enterprise in technological innovation within the salt industry, with multiple research platforms and awards for its advancements[39]. - The company operates in a strategically advantageous location in East China, facilitating efficient transportation and market access[38]. - The company has integrated its production and sales operations, enhancing its market competitiveness and innovation capabilities[40]. - The company has implemented a "three products" strategy aimed at brand enhancement and internationalization, with a focus on building a high-end brand image[40]. - The company has established a strong market presence through direct customer engagement and partnerships with qualified distributors[34]. Environmental Responsibility - The company reported zero environmental pollution incidents and maintained a 100% compliance rate for environmental impact assessments and "three simultaneous" systems for new, expanded, or modified projects[75]. - The total emissions for the first half of 2021 were 18.13 tons of particulate matter, 61.54 tons of SO2, and 145.63 tons of NOX, all within the permitted limits[78]. - The company invested approximately 2.075 million RMB in environmental protection measures during the reporting period, focusing on dust removal and environmental monitoring[79]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[85]. - The company has committed to enhancing environmental protection measures in response to stricter regulations aimed at achieving carbon neutrality[62]. Related Party Transactions and Governance - The total amount of related party transactions for the current period is CNY 7,940,018.05, compared to CNY 7,394,176.94 in the previous period, reflecting an increase of approximately 7.4%[117]. - The company has committed to fair pricing and disclosure for any unavoidable related party transactions[102]. - The company has established an independent financial accounting department and management system for Jing Shen Co. and its subsidiaries[102]. - The company has committed to not transferring or entrusting the management of its shares for thirty-six months after the listing[20]. - The company has pledged to avoid and minimize related party transactions with its controlling shareholder and will ensure fair pricing based on market standards for unavoidable transactions[105].

Financial Performance - Operating revenue for the period was CNY 1,066,838,474.63, representing an 18.80% increase year-on-year[12] - Net profit attributable to shareholders was CNY 54,291,584.73, a decrease of 28.34% compared to the same period last year[12] - Basic earnings per share were CNY 0.0701, down 28.25% from CNY 0.0977 in the same period last year[12] - The weighted average return on net assets decreased by 1.861 percentage points to 0.0133%[12] - The net profit for the first quarter was CNY 687,220,482.96, up from CNY 670,788,501.56, reflecting a growth of about 2.1%[43] - Total operating revenue for Q1 2021 was approximately $1.067 billion, an increase of 18.7% compared to $898 million in Q1 2020[47] - Net profit for Q1 2021 was approximately $56.4 million, a decrease of 26.2% from $76.4 million in Q1 2020[49] - The total comprehensive income for the first quarter of 2021 was CNY 16,431,981.40, compared to CNY 35,967,636.56 in the first quarter of 2020, representing a decrease of approximately 54.4%[54] Cash Flow - Net cash flow from operating activities was negative CNY 36,837,644.96, a decline of 118.46% compared to the previous year[12] - Cash inflow from operating activities totaled CNY 1,089,005,180.03 in Q1 2021, compared to CNY 1,001,559,809.29 in Q1 2020, reflecting an increase of approximately 8.7%[57] - Cash outflow from operating activities was CNY 1,125,842,824.99 in Q1 2021, up from CNY 802,053,817.99 in Q1 2020, marking an increase of about 40.4%[57] - The net cash flow from operating activities for Q1 2021 was negative CNY 36,837,644.96, contrasting with a positive CNY 199,505,991.30 in Q1 2020[57] - Cash flow from investing activities resulted in a net outflow of CNY 281,961,298.18 in Q1 2021, compared to a net outflow of CNY 73,546,732.15 in Q1 2020, indicating a significant increase in investment expenditures[57] - Cash flow from financing activities generated a net inflow of CNY 7,247,958.60 in Q1 2021, down from CNY 87,434,388.54 in Q1 2020, showing a decrease of approximately 91.7%[59] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 7,363,074,957.44, an increase of 1.33% compared to the end of the previous year[12] - Total liabilities increased to CNY 3,124,065,846.40 from CNY 3,084,555,321.97, reflecting a growth of approximately 1.3%[37] - Current assets totaled CNY 1,803,945,008.04, up from CNY 1,738,969,269.88, indicating an increase of about 3.8%[41] - Non-current assets amounted to CNY 4,589,781,726.08, slightly rising from CNY 4,587,716,287.60, showing a marginal increase[41] - The company's total equity reached CNY 4,239,009,111.04, compared to CNY 4,181,773,785.01, marking an increase of approximately 1.4%[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,596[19] - Jiangsu Salt Industry Group Co., Ltd. held 63.63% of the shares, making it the largest shareholder[19] Expenses and Costs - Operating costs rose by 40.54% to ¥811,825,046.47 from ¥577,635,254.57, attributed to higher sales volume compared to the same period last year[25] - Research and development expenses increased to approximately $27.8 million in Q1 2021, compared to $24.7 million in Q1 2020, marking a rise of 8.7%[47] - Sales expenses decreased significantly to approximately $61.6 million in Q1 2021 from $103 million in Q1 2020, a reduction of 40.2%[47] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 28,993,480.78[15] - The company reported a total of CNY 30,189,836.65 in non-recurring gains and losses[18] - The company experienced a credit impairment loss of approximately $10.5 million in Q1 2021, compared to $8.2 million in Q1 2020, an increase of 27.9%[47]

Financial Performance - The company's operating income for 2020 was CNY 3,937,297,486.13, a decrease of 6.00% compared to CNY 4,188,669,324.44 in 2019[27]. - Net profit attributable to shareholders for 2020 was CNY 148,357,618.47, down 43.31% from CNY 261,687,636.89 in 2019[27]. - The net profit after deducting non-recurring gains and losses was CNY 73,664,435.16, a decrease of 58.39% compared to CNY 177,040,039.35 in 2019[29]. - Basic earnings per share decreased by 43.30% to CNY 0.1916 in 2020 compared to CNY 0.3379 in 2019[34]. - The net profit attributable to shareholders was CNY -14,311,456.51 in Q4 2020, a significant decline from previous quarters[36]. - The weighted average return on equity decreased by 3.15 percentage points to 3.70% in 2020 from 6.85% in 2019[34]. - The company reported a decrease in labor costs by 10.03% year-on-year, amounting to ¥113,890,624.76, which accounted for 5.09% of total costs[88]. - Financial expenses decreased by 15.77% to approximately 57.72 million[70]. Cash Flow and Assets - The net cash flow from operating activities increased by 28.48% to CNY 860,343,669.81 from CNY 669,621,471.40 in 2019[29]. - The company reported a net cash flow from operating activities of CNY 678,258,940.66 in Q4 2020, showing a recovery from negative cash flow in Q3[36]. - Total assets at the end of 2020 were CNY 7,266,329,106.98, an increase of 2.80% from CNY 7,068,167,366.19 in 2019[33]. - The net assets attributable to shareholders were CNY 4,040,821,211.23, up 1.82% from CNY 3,968,759,998.27 in 2019[33]. - The company's total assets at the end of the reporting period were significantly impacted by a 69.56% decrease in other receivables, amounting to ¥22,543,450.29[101]. - The company’s total liabilities included a 45.63% decrease in short-term loans, amounting to ¥743,380,649.28, reflecting a strategic adjustment in loan structure[101]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.58 per 10 shares, totaling CNY 44,914,025.38 based on the total share capital of 774,379,748 shares[7]. - The company reported a cash dividend of 0.58 yuan per 10 shares for 2020, with a net profit attributable to ordinary shareholders of 148.36 million yuan, representing 30.27% of the net profit[176]. Research and Development - The company’s R&D expenses increased by 188.20% to approximately 58.89 million RMB, reflecting a strong commitment to innovation[67]. - The company’s total R&D expenditure was ¥89,230,000, representing 2.27% of operating revenue, with 368 R&D personnel, making up 14.74% of the total workforce[95]. - The company has initiated several R&D projects, including the development of new edible salt products and safety technologies for salt cavern storage[96]. - The company has established multiple R&D platforms, including a national enterprise technology center and a provincial salt chemical circular economy research institute[127]. - The company is actively engaged in research on comprehensive utilization of salt caverns and has completed a provincial-level "mining-land integration demonstration project"[129]. Production and Sales - The company produced 6.75 million tons of salt products in 2020, a year-on-year increase of 1.76%, and sold 6.63 million tons, up 2.73% year-on-year[59]. - The total production volume increased by 1.76% to approximately 6.75 million tons, while sales volume rose by 2.73% to approximately 6.63 million tons[84]. - The company achieved a total production and sales volume of 7.3 million tons of salt chemical products in 2021, including 6.135 million tons of solid salt products[167]. - The sales revenue from the salt and salt chemical segment was CNY 155,899.95 million, a decrease of 2.58% compared to the previous year[150]. - The sales revenue from the pure soda and other chemical segment was CNY 105,883.70 million, reflecting a decline of 11.31% year-on-year[150]. Market and Competitive Landscape - The company’s core competitive advantages include a strong position in the salt production industry and innovative technology in resource utilization[51]. - The competitive landscape in the salt market is intensifying, prompting the company to strengthen its production and sales coordination to maintain market share[169]. - The industrial salt market is expected to experience stable price fluctuations due to supply-demand dynamics, with the two-carbon industry consuming over 85% of raw salt[161]. - The pure soda ash industry is expected to see price increases driven by new capacity in the flat glass and photovoltaic glass sectors[162]. Environmental and Regulatory Compliance - The company is committed to environmental sustainability, investing in pollution control and ensuring compliance with stringent environmental regulations[173]. - The company has no significant legal or regulatory penalties in the past three years, ensuring compliance with laws and regulations[196]. - The company guarantees the accuracy and completeness of all information provided for transactions, accepting legal responsibility for any misrepresentation[197]. Strategic Focus and Future Plans - The company’s strategic focus includes expanding its market presence and enhancing technology research and development[51]. - The company plans to continue optimizing its product lines and production capacity to meet market demands[149]. - The company aims to innovate in salt product development and explore new business models in oil and gas storage, enhancing its growth potential[166]. - The company plans to accelerate the construction of a green manufacturing industry for mineral salt processing, focusing on developing a high-growth national salt cavity comprehensive development and utilization industrial base[163].