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].

Financial Performance - Net profit attributable to shareholders was ¥162,669,074.98, representing a decrease of 30.72% year-on-year[18]. - Operating revenue for the first nine months was ¥2,863,958,362.87, down 9.05% from the same period last year[18]. - Basic earnings per share decreased by 30.59% to ¥0.2101[21]. - The weighted average return on net assets fell by 2.104 percentage points to 4.0562%[21]. - The company reported a net profit of ¥683,073,868.58 for the first three quarters of 2020, compared to ¥677,139,160.84 in the same period of 2019, indicating a slight increase of about 0.57%[53]. - The company achieved a total profit of ¥205,239,952.90 for the first three quarters of 2020, down 29.5% from ¥290,492,951.73 in the same period of 2019[68]. - Net profit for the first three quarters of 2020 reached ¥202,105,649.22, showing a significant increase compared to ¥85,059,254.85 in the same period of 2019, representing a growth of approximately 137.5%[73]. - Total comprehensive income for Q3 2020 was ¥12,302,024.78, a decrease of 56.0% from ¥27,844,492.49 in Q3 2019[66]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,554,461,110.73, an increase of 6.91% compared to the previous year-end[18]. - Total liabilities were reported at RMB 3,359,560,653.70, up from RMB 2,962,134,497.41, which is an increase of around 13.4%[48]. - The company's equity attributable to shareholders reached RMB 4,054,315,148.65, compared to RMB 3,966,474,836.88, indicating a growth of about 2.2%[48]. - Current assets totaled RMB 3,250,527,896.21, up from RMB 2,752,608,273.30, indicating an increase of about 18.1% year-over-year[46]. - Total liabilities rose to ¥2,676,046,379.20, compared to ¥2,409,459,118.50, marking an increase of approximately 11.09%[53]. - Total assets increased to ¥6,524,733,870.01, up from ¥6,251,993,023.40, representing a growth of approximately 4.35% year-over-year[52]. Cash Flow - Net cash flow from operating activities was ¥182,084,729.15, a significant decline of 61.93% compared to the previous year[18]. - The company’s cash flow from financing activities improved by 191.74% to RMB 364,958,868.82, compared to a negative cash flow of RMB 397,836,502.17 in the previous year[33]. - Cash inflow from operating activities totaled ¥2,659,680,503.98 for the first three quarters of 2020, down from ¥2,792,371,371.86 in the previous year, a decrease of approximately 4.7%[76]. - Cash outflow from operating activities was ¥2,477,595,774.83, compared to ¥2,314,099,503.93 in the same period of 2019, indicating an increase of about 7.1%[77]. - Cash flow from investing activities showed a net outflow of ¥331,113,909.45 in the first three quarters of 2020, compared to a net outflow of ¥151,840,837.07 in the previous year, reflecting a decline of approximately 118.9%[77]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,364[26]. - Jiangsu Provincial Salt Industry Group Co., Ltd. held 63.63% of the shares, making it the largest shareholder[26]. Research and Development - Research and development expenses surged by 560.30% to RMB 34,409,230.27 compared to RMB 5,211,127.30 in the same period last year[33]. - Research and development expenses increased to ¥2,231,618.87 in Q3 2020, up 25.5% from ¥1,777,789.21 in Q3 2019[70]. Other Financial Metrics - The company reported non-recurring gains of ¥13,385,304.42 from government subsidies closely related to normal business operations[22]. - Other income rose by 39.36% to RMB 53,724,001.82, up from RMB 38,550,180.00 year-on-year[33]. - The company reported a 684.60% increase in accounts payable, reaching RMB 572,754,772.21, which is 7.58% of total liabilities[29].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,903,644,377.59, a decrease of 10.49% compared to ¥2,126,746,965.59 in the same period last year[20]. - The net profit attributable to shareholders was ¥151,347,581.11, down 26.91% from ¥207,077,711.32 in the previous year[20]. - Basic earnings per share decreased by 26.90% to ¥0.1951 from ¥0.2669 in the same period last year[23]. - The total profit amounted to 186 million RMB, down 26.12% year-on-year, while the net profit attributable to shareholders was 151 million RMB, a decline of 26.91%[43]. - The company reported a net loss of 9,620,618.18 due to income tax impacts, with a total non-operating income and expenses amounting to 30,309,478.52[27]. - The total comprehensive income for the first half of 2020 was CNY 153,564,515.46, compared to CNY 210,089,995.00 in the same period of 2019[181]. - The net profit for the first half of 2020 was CNY 67,022,628.19, a decrease from CNY 175,895,149.58 in the same period of 2019, representing a decline of approximately 61.9%[186]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 78.13% to ¥567,535,598.30, compared to ¥318,601,686.73 in the same period last year[20]. - The company’s cash and cash equivalents rose by 56.55% to 1.43 billion RMB, accounting for 18.79% of total assets[51]. - The cash flow from operating activities for the first half of 2020 was CNY 567,535,598.30, an increase from CNY 318,601,686.73 in the same period of 2019, reflecting a growth of approximately 78.1%[192]. - The total cash and cash equivalents at the end of the period stood at CNY 426,978,407.68, up from CNY 195,153,896.41 at the end of the previous year[197]. - The company reported cash and cash equivalents of ¥100 million and accounts receivable of ¥29.6 million, totaling ¥129.6 million[55]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,613,810,778.55, reflecting a 7.75% increase from ¥7,065,891,995.34 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 1.91% to ¥4,042,101,149.54, compared to ¥3,966,474,836.88 at the end of the previous year[20]. - Long-term borrowings increased by 567.11% to 600.40 million RMB, reflecting adjustments in loan structures and additional low-interest loans[51]. - Total liabilities increased to $3,432,286,580.85, up from $2,962,134,497.41, representing a growth of approximately 15.9% year-over-year[167]. - Current liabilities totaled $2,805,980,475.89, compared to $2,758,987,772.78, indicating a slight increase of about 1.7%[167]. Research and Development - Research and development expenses surged by 725.70% to 28.18 million RMB, reflecting increased investment in technology development[48]. - The company has been recognized as a national high-tech enterprise and has multiple research and development platforms, enhancing its technological innovation capabilities[37]. - The company has established a comprehensive industrial system focusing on "comprehensive utilization of rock salt resources and technological innovation in circular economy"[35]. Market and Competitive Position - The company has a strong market presence in the domestic and international markets, primarily through direct sales and contracts[31]. - The company has integrated its salt production and sales operations, enhancing its market competitiveness and innovation capabilities[38]. - The company exported 156,700 tons of products in the first half, representing an 18.8% increase year-on-year, with total export revenue reaching 11.14 million USD, up 26.6%[44]. - The company is the first in the national salt industry to adopt filling mining technology, providing a successful model for geological hazard management[35]. Environmental Compliance - The company has maintained a 100% compliance rate with environmental impact assessments and has not experienced any environmental pollution incidents during the reporting period[123]. - The company’s major pollutants emissions in 2019 were significantly below the permitted limits, with smoke dust at 17.20 tons, SO2 at 56.24 tons, and NOX at 142.89 tons[127]. - The company has implemented ultra-low emission standards for smoke gas discharge in accordance with local government requirements[127]. Corporate Governance and Commitments - The company has made a long-term commitment regarding the resolution of related party transactions, effective from January 23, 2018[76]. - The company has committed to maintaining business independence, with the ability to operate without reliance on related parties in production, supply, and sales[10]. - The company has established an independent financial accounting department and management system, ensuring autonomous financial decision-making[10]. - The company has pledged not to engage in any business that competes directly or indirectly with its subsidiaries during its shareholding period[12]. Related Party Transactions - The total related party transactions for the current period amounted to ¥7,394,176.94, a significant decrease from ¥49,966,066.39 in the previous period, reflecting a reduction of approximately 85.2%[107]. - Related party sales totaled ¥71,459,429.23 in the current period, down from ¥131,841,884.97 in the previous period, indicating a decline of about 45.8%[107]. - The accounts receivable from related parties at the end of the period reached ¥52,010,132.86, with a bad debt provision of ¥2,680,725.64[110]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 37,522[145]. - The largest shareholder, Jiangsu Salt Industry Group Co., Ltd., holds 494,054,825 shares, accounting for 63.69% of total shares[147].

Financial Performance - Net profit attributable to shareholders decreased by 48.50% to CNY 75,758,340.87 year-on-year[11] - Operating revenue fell by 23.97% to CNY 898,009,556.33 compared to the same period last year[11] - Basic earnings per share dropped by 48.58% to CNY 0.0977[11] - Total operating revenue for Q1 2020 was CNY 898,009,556.33, a decrease of 23.9% compared to CNY 1,181,190,798.60 in Q1 2019[45] - Net profit for Q1 2020 was CNY 76,406,545.91, a decline of 48.6% from CNY 148,136,055.75 in Q1 2019[47] - Earnings per share for Q1 2020 were CNY 0.0977, compared to CNY 0.19 in Q1 2019[47] - Total comprehensive income for Q1 2020 was approximately ¥35.97 million, compared to ¥82.82 million in Q1 2019[53] Assets and Liabilities - Total assets increased by 5.70% to CNY 7,468,816,468.85 compared to the end of the previous year[11] - The company’s total current assets reached ¥3,188,676,302.23, up from ¥2,752,608,273.30 year-on-year[29] - Total liabilities increased to CNY 3,288,331,731.73 from CNY 2,962,134,497.41, reflecting a growth of about 11.0%[34] - Current liabilities rose to CNY 2,925,860,007.10 from CNY 2,758,987,772.78, an increase of about 6.0%[32] - Non-current liabilities increased significantly to CNY 362,471,724.63 from CNY 203,146,724.63, marking an increase of approximately 78.5%[34] - Total liabilities and shareholders' equity amounted to CNY 7,065,891,995.34[68] Cash Flow - Cash flow from operating activities increased by 35.38% to CNY 199,505,991.30 year-on-year[11] - Net cash flow from operating activities improved by 35.38% to ¥199,505,991.30, primarily due to reduced operating expenses[23] - The net cash flow from operating activities for Q1 2020 was ¥106,640,796.11, a decrease of 24.6% compared to ¥141,406,277.20 in Q1 2019[58] - Cash flow from financing activities in Q1 2020 resulted in a net inflow of approximately ¥87.43 million, contrasting with a net outflow of ¥95.99 million in Q1 2019[56] Shareholder Information - The total number of shareholders reached 39,496 at the end of the reporting period[16] - Jiangsu Salt Industry Group Co., Ltd. holds 63.69% of the shares, making it the largest shareholder[16] - Shareholders' equity rose to CNY 4,180,484,737.12 from CNY 4,103,757,497.93, an increase of approximately 1.9%[34] Research and Development - Research and development expenses surged by 1250.33% to ¥24,667,109.73, reflecting increased investment in R&D[23] - The company reported a decrease in research and development expenses to CNY 24,667,109.73 in Q1 2020 from CNY 1,826,752.01 in Q1 2019[45] - R&D expenses in Q1 2020 increased significantly to ¥22.92 million, compared to only ¥1.81 million in Q1 2019[51] Inventory and Receivables - Accounts receivable increased by 89.94% to ¥307,921,025.39 due to slower cash collection impacted by COVID-19[21] - The company reported a significant increase in inventory, totaling ¥699,985,532.38, compared to ¥602,976,376.56 in the previous year[29] - Inventory rose to CNY 313,277,839.52 from CNY 277,723,418.09, indicating an increase of about 12.8%[38] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[45] - The company’s financial strategy includes managing costs effectively to improve profitability moving forward[45]