金石资源集团股份有限公司 投资者关系活动记录表 （2022 年 6 月 16 日-30 日） 编号：【2022】009 号 金石资源集团股份有限公司于近期通过线上电话会议及线下调研等方式与 投资者、券商研究员等进行交流，现将投资者关系活动的主要情况发布如下： 一、 投资者调研情况 1.调研方式：电话会议、线下调研 | --- | --- | --- | |-------|-------------------|------------------------------------------------| | | | 序号 日期 参加机构 （排名不分先后） | | 1 | 2022年6月16 日 | 工银瑞信基金、博时基金、兴银理财、中银基金、 | | | 中信建投-金石资源 | 远信（珠海）私募基金、上海盘京投资、上海名禹资 | | | 2022 年中期策略会 | 产、浙商证券、中海基金、中银国际证券； | | | （线上） | 弘毅远方基金、江苏瑞华投资、招商证券资管、众安 | | | | 在线财产保险、锦绣中和（北京）资本管理、恒越基 | | | | 金、北京金大虎资本、天弘基金、国华人寿保险、华 | ...

Group 1: Investor Relations Activities - The company conducted investor relations activities through online conference calls and offline research from June 1 to June 15, 2022 [1] - Notable participants included Southern Fund, Guosen Securities, and various asset management firms [2][3] Group 2: Resource Strategy and Utilization - The company plans to enhance its fluorite resource utilization, focusing on a partnership with Baogang, which has a fluorite resource reserve of 130 million tons [4] - The company aims to process over 6 million tons of associated ore annually after the completion of the production line with Baogang [4] Group 3: Core Competencies and Technology - The company possesses strong core technology in resource utilization and mineral selection, which is considered a competitive advantage [5] - The company has made significant progress in solving mineral selection challenges, particularly in extracting associated fluorite resources [5] Group 4: Market Dynamics and Growth - The global fluorite production is stable at around 7 million tons annually, with China accounting for approximately two-thirds of this output [6] - The company anticipates growth in demand from emerging industries such as new energy and materials, which will drive future supply expansion [7] Group 5: Financial Performance and Capital Strategy - The company experienced rapid growth in the first three years post-IPO, but growth has slowed in the last two years due to market conditions [8] - The company emphasizes that capital market activities should align with its operational needs and will not pursue unnecessary financing [8] Group 6: Production Capacity and Pricing - The Baogang project is expected to achieve an annual production capacity of 800,000 tons of fluorite concentrate, with a target of 200,000 to 300,000 tons in output this year [10] - Recent price stability in fluorite is attributed to changes in import/export dynamics, with a total export volume of approximately 27,000 tons in the first half of the year [11]

单位：元 币种：人民币 金石资源集团股份有限公司 2022 年第三季度报告 证券代码：603505 证券简称：金石资源 金石资源集团股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|-------------------------------------|----------------|------------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 300 million, up 20% compared to the same period last year[14]. - The company's operating revenue for the first half of 2022 was CNY 419,221,596.57, a slight increase of 0.61% compared to the same period last year[19]. - Net profit attributable to shareholders decreased by 6.31% to CNY 93,874,015.41, while the net profit after deducting non-recurring gains and losses fell by 9.84% to CNY 91,080,535.22[19]. - The company achieved operating revenue of 419.22 million yuan, a year-on-year increase of 0.61%[50]. - Net profit attributable to shareholders was 93.87 million yuan, a year-on-year decrease of 6.31%[50]. - The company reported a net profit of ¥28.21 million from Zijing Mining, while Zhengzhong Mining faced a net loss of ¥2.67 million[72]. - The net profit for the first half of 2022 reached CNY 75,051,887.70, compared to CNY 65,152,831.77 in the first half of 2021, indicating an increase of about 15.5%[160]. Market Expansion and User Growth - The company expanded its user base by 10%, reaching a total of 1.5 million active users[14]. - Future outlook indicates a projected revenue growth of 25% for the second half of 2022, driven by new product launches and market expansion strategies[14]. - Market expansion efforts include entering two new provinces, which are expected to contribute an additional RMB 100 million in revenue[14]. - The company plans to introduce three new product lines in the next quarter, targeting a market share increase of 5%[14]. Research and Development - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing production efficiency and product quality[14]. - The company has developed 73 patents and is actively pursuing innovative technologies in the mining sector[45]. - Research and development expenses surged by 80.57% to CNY 13,680,473.11 due to increased investment in strategic mineral recovery and smart mining[62]. Sustainability and Environmental Initiatives - The management highlighted a focus on sustainability initiatives, aiming to reduce carbon emissions by 15% by the end of 2023[14]. - The company has implemented a "zero discharge" policy for wastewater and tailings, enhancing its environmental sustainability[47]. - The company has committed to strict environmental protection measures, adhering to the "three simultaneous" principle of construction, operation, and environmental protection[102]. - The company has established a comprehensive environmental management system for water discharge, which includes online monitoring of pH levels and flow rates[97]. Financial Position and Assets - Total assets rose by 11.88% to CNY 2,455,586,042.83, while net assets attributable to shareholders decreased by 5.50% to CNY 1,216,126,044.96[19]. - The company’s total assets amounted to CNY 1,579,304,314.20, compared to CNY 1,414,533,037.92, representing an increase of approximately 11.6%[153]. - The total liabilities of the company reached CNY 774,917,172.61, up from CNY 521,037,193.21, indicating a growth of about 48.7%[153]. - The company’s total equity attributable to shareholders at the end of the period was CNY 1,104,248,861.62, with a decrease of CNY 69,183,869.77 during the current period[177]. Challenges and Risks - The company faces challenges with resource security, as its fluorite reserves account for only 13.13% of global reserves while producing nearly 60% of the world's output[31]. - The company faces risks from significant price fluctuations in fluorite products, which are closely tied to its profit margins[75]. - The ongoing COVID-19 pandemic poses risks to market demand and could disrupt production and sales plans[76]. - The company is exposed to risks from potential changes in national policies regarding fluorite resource development and environmental regulations[77]. Shareholder and Stock Information - The company completed the distribution of 0.4 bonus shares per share to all shareholders, resulting in a new adjusted total of 308,056,883 shares for calculating earnings per share[132]. - The largest shareholder, Zhejiang Jinshi Industrial Co., Ltd., holds 156,636,324 shares, representing 50.27% of the total shares[135]. - The total number of shares outstanding is 311,603,408, with 99.30% being unrestricted shares[130]. - The company has no significant litigation or arbitration matters during the reporting period[125]. Cash Flow and Financing Activities - The net cash flow from operating activities increased by 19.33% to CNY 153,544,856.52, indicating improved cash generation capabilities[19]. - Cash inflow from operating activities for the first half of 2022 was CNY 565,354,336.12, compared to CNY 458,689,091.13 in the same period of 2021, indicating an increase of approximately 23.3%[160]. - The cash outflow for repaying debts was CNY 94,315,265.10, compared to CNY 11,000,000.00 in the previous year, showing an increase of approximately 759.2%[168].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 147,226,527.99, a decrease of 12.76% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 32,582,829.99, down 23.00% year-on-year[4] - Total operating revenue for Q1 2022 was CNY 147,226,527.99, a decrease of 12.74% compared to CNY 168,765,098.75 in Q1 2021[26] - Net profit for Q1 2022 was CNY 33,058,669.86, representing a decline of 24.06% from CNY 43,449,180.62 in Q1 2021[28] - Total profit for Q1 2022 was CNY 39,751,554.31, down 21.16% from CNY 50,450,165.08 in Q1 2021[28] - Basic earnings per share for Q1 2022 were CNY 0.11, down from CNY 0.14 in Q1 2021[28] Cash Flow - The net cash flow from operating activities was RMB 21,138,294.80, a significant decline of 74.27% compared to the previous year[4] - Cash flow from operating activities for Q1 2022 was CNY 21,138,294.80, a significant decrease of 74.32% compared to CNY 82,166,117.32 in Q1 2021[29] - Cash inflow from operating activities totaled CNY 247,395,717.82 in Q1 2022, compared to CNY 231,189,076.91 in Q1 2021, an increase of 7.09%[29] - Cash outflow from operating activities was CNY 226,257,423.02 in Q1 2022, up from CNY 149,022,959.59 in Q1 2021, indicating a rise of 51.77%[29] - The net cash flow from investing activities was -127,650,736.83 CNY, compared to -51,027,838.31 CNY in the previous period[30] - The cash inflow from financing activities totaled 170,000,000.00 CNY, an increase from 45,500,000.00 CNY year-over-year[30] - The net cash flow from financing activities was 44,366,138.76 CNY, up from 8,248,399.60 CNY in the previous period[30] - The company experienced a net decrease in cash and cash equivalents of -62,191,750.41 CNY, contrasting with an increase of 39,381,224.32 CNY in the previous period[30] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,194,465,156.67, showing a slight decrease of 0.02%[6] - The company's total current assets as of March 31, 2022, amounted to 732,415,910.86 RMB, a decrease from 799,433,782.62 RMB at the end of 2021[22] - The company's cash and cash equivalents decreased to 226,390,069.97 RMB from 290,470,292.32 RMB at the end of 2021[22] - Accounts receivable decreased to 105,834,892.56 RMB from 161,587,539.19 RMB at the end of 2021[22] - Inventory increased to 149,022,785.48 RMB from 105,430,341.20 RMB at the end of 2021[24] - The company's total liabilities increased to 898,030,355.99 RMB from 845,774,407.81 RMB at the end of 2021[25] - The company's long-term borrowings increased to 181,269,421.57 RMB from 124,005,573.07 RMB at the end of 2021[25] - The company's retained earnings as of March 31, 2022, were 906,445,918.04 RMB, up from 873,863,088.05 RMB at the end of 2021[25] Production and Sales - The company sold approximately 70,000 tons of fluorite products, a decrease of about 13% year-on-year[6] - The average selling price of fluorite powder decreased by RMB 67 per ton (including tax) compared to the same period last year[6] - The company produced approximately 80,000 tons of fluorite products during the reporting period, an increase of 21.5% year-on-year[13] - The company has increased its trade procurement of fluorite products, purchasing at a price of RMB 2,390 per ton (including tax)[13] - The company exported 3,700 tons of high-grade fluorite ore, an increase of 3,300 tons compared to the same period last year, with an export average price of 2,355 RMB/ton, which is nearly 300 RMB/ton higher than the domestic sales average during the same period[18] - The company signed new export orders for 3,000 tons of fluorite powder in April 2022, indicating a significant increase in overseas inquiries[18] Research and Development - Research and development expenses increased to CNY 4,285,842.53 in Q1 2022, up from CNY 1,236,788.59 in Q1 2021, marking a growth of 246.36%[26] Other Financial Metrics - The weighted average return on equity was 2.59%, a decrease of 1.24 percentage points compared to the previous year[4] - Total operating costs for Q1 2022 were CNY 110,724,575.86, down 6.43% from CNY 118,238,021.68 in Q1 2021[26] - Total liabilities and equity as of the end of Q1 2022 were CNY 2,194,465,156.67, slightly down from CNY 2,194,849,034.83 at the end of Q1 2021[26] Accounting Standards - The company did not apply the new accounting standards for the first time in 2022[30]

Financial Performance - In 2021, the company's operating revenue increased by 18.64%, while the net profit attributable to shareholders grew by 8.97%[12]. - The company's operating revenue for 2021 was CNY 1,043,229,850.01, an increase of 18.64% compared to CNY 879,306,979.19 in 2020[38]. - The net profit attributable to shareholders of the listed company was CNY 244,934,704.22, reflecting a growth of 2.93% from CNY 237,958,263.32 in the previous year[38]. - The total assets of the company reached CNY 2,194,849,034.83, marking an 11.71% increase from CNY 1,964,705,979.45 in 2020[38]. - The basic earnings per share for 2021 was CNY 0.79, up 3.95% from CNY 0.76 in 2020[39]. - The company's total revenue reached 11,322,980,000, with a net profit of 6,476,344,000, representing a profit margin of approximately 57.2%[155]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a growth of 15% compared to the previous year[163]. Production and Sales - The production and sales volumes rose by 13.59% and 19.57% respectively, indicating a positive trend in operational performance[12]. - The company produced approximately 472,300 tons of various fluorite products, an increase of 13.59% year-on-year, and sold about 480,800 tons, up 19.57% year-on-year[48]. - The company plans to produce approximately 450,000 to 500,000 tons of various fluorite products from a single mine, with Baogang Jinshi aiming for a production of 200,000 to 300,000 tons[132]. Dividends and Share Capital - The proposed cash dividend is 2.40 CNY per 10 shares, totaling approximately 73.84 million CNY, which represents 30.15% of the net profit for 2021[5]. - The company plans to increase its total share capital to approximately 434.67 million shares after a stock dividend of 4 shares for every 10 shares held[5]. - The company has a cash dividend policy that stipulates a minimum of 80% cash distribution for mature stages without major capital expenditures, ensuring shareholder returns[187]. - The company will issue 4 bonus shares for every 10 shares held, increasing the total share capital to approximately 434.67 million shares[189]. Strategic Initiatives - The company is enhancing its strategic positioning by expanding into the fluorochemical and new energy sectors, moving beyond its traditional resource business[12]. - The company aims to actively participate in the downstream market for fluorine lithium battery materials, aligning with national strategies and industry trends[16]. - The company has committed 140 million CNY to stock repurchases, reflecting confidence in its new projects and long-term value growth[14]. - The company is focusing on resource expansion, particularly in fluorite, sulfur, and lithium, to support its lithium battery material projects[15]. Research and Development - The company’s R&D investment totaled CNY 30.26 million, a 7.2% increase year-on-year, accounting for approximately 2.9% of operating revenue[56]. - The company has obtained 72 patents and has 49 patents pending, focusing on technologies such as low-grade fluorite beneficiation and zero discharge of tailings wastewater[83]. - The company is committed to technological innovation and efficient management to enhance internal growth capabilities[130]. Market Trends and Demand - The company anticipates a surge in demand for fluorite driven by the recovery of the global economy and the rise of new energy sectors, projecting that by 2025, demand for fluorite in new energy could reach 1.5 to 2 million tons, potentially exceeding 5 million tons by 2030[20]. - The overall demand for traditional applications of fluorite remains stable, while new applications in the energy sector are expanding rapidly[114]. Governance and Management - The company has a clear governance structure with defined roles and responsibilities among the board, supervisory board, and management[145]. - The company has established a sound corporate governance structure with a remuneration and assessment committee to evaluate senior management performance[197]. - The company has maintained a stable management team with no significant changes in key positions during the reporting period[169]. Safety and Sustainability - The company emphasizes safety and environmental protection, implementing a comprehensive safety management system and training programs throughout 2022[134]. - The company is committed to enhancing its ESG practices, focusing on energy conservation and emission reduction, and improving its brand reputation in the capital market[132]. Financial Management - The company has a structured approach to employee compensation, linking it closely to performance and company results, which is crucial for maintaining competitiveness[185]. - The company has not faced any penalties from securities regulatory authorities in the past three years[170]. - The company has a plan for future business expansion and investment in resource development projects[149].

1.调研方式：券商策略会等（电话会议） 证券代码：603505 证券简称：金石资源 公告编号：2022-012 金石资源集团股份有限公司 关于接待机构调研的公告 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。 金石资源集团股份有限公司（以下简称"公司"）于近期通过电话会议参加 机构策略会、接待机构调研，现将调研情况公告如下： 一、 机构调研情况 | --- | --- | |-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥227,236,653.59, a decrease of 3.40% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2021 was ¥69,443,981.08, down 10.13% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,733,732.57, a decrease of 7.39% compared to the previous year[6] - The weighted average return on equity for Q3 2021 was 5.80%, a decrease of 2.01 percentage points year-on-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥643,929,450.14, an increase of 15.2% compared to ¥559,033,037.36 in the same period of 2020[21] - Net profit for the third quarter of 2021 was ¥174,458,216.98, slightly up from ¥173,469,746.73 in the same quarter of 2020, indicating a growth of 0.57%[24] - The total comprehensive income for the third quarter of 2021 was ¥174,458,216.98, slightly higher than ¥173,469,746.73 in the same quarter of 2020, indicating a growth of 0.57%[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,978,282,149.68, an increase of 0.69% from the end of the previous year[7] - The equity attributable to shareholders at the end of the reporting period was ¥1,219,325,052.29, reflecting a year-on-year increase of 12.74%[7] - The total liabilities of the company as of September 30, 2021, were RMB 606,966,825.87, down from RMB 617,315,588.25, reflecting a decrease of approximately 1.6%[19] - The total liabilities as of the end of the third quarter of 2021 were ¥731,338,143.62, down from ¥860,457,117.83 at the end of the same period in 2020, a decrease of 15.0%[20] - The company's non-current liabilities decreased from RMB 167,287,168.52 to RMB 48,077,333.38, indicating a significant reduction of about 71.2%[19] - Total liabilities amounted to ¥860,457,117.83, a decrease of ¥6,463,761.77 compared to the previous period[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥212,321,769.24, an increase of 35.43% compared to the same period last year[9] - Cash flow from operating activities for the first three quarters of 2021 totaled ¥705,267,241.10, compared to ¥530,578,422.31 in 2020, marking an increase of 32.9%[25] - The net cash flow from operating activities for Q3 2021 was CNY 212,321,769.24, an increase of 35.4% compared to CNY 156,779,416.89 in Q3 2020[28] - The net cash flow from financing activities was -CNY 185,637,236.79, worsening from -CNY 83,631,910.96 in Q3 2020[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,159[11] - The largest shareholder, Zhejiang Jinshi Industrial Co., Ltd., held 50.27% of the shares, amounting to 156,636,324 shares[11] Operational Changes - The company experienced a slight decline in net profit for Q3 2021 primarily due to increased R&D expenses and a decrease in product prices compared to the previous year[7] - Research and development expenses for the third quarter of 2021 were ¥17,387,486.70, significantly higher than ¥9,555,537.35 in the same quarter of 2020, representing an increase of 82.5%[24] - The company completed a capital contribution of RMB 51 million in a joint venture with Baosteel and others, holding a 51% stake in the new fluorochemical company[14] - Jinshi Resources acquired a 20% stake in its subsidiary, Zhuangcun Mining, for RMB 25 million, resulting in 100% ownership post-acquisition[14] - The company is progressing with the construction and technical transformation of a fluorite production line, which is expected to meet quality expectations[14] Changes in Assets - The company's current assets decreased to RMB 588,395,746.26 from RMB 660,783,195.78 year-over-year, reflecting a decline of approximately 10.9%[17] - Accounts receivable increased to RMB 104,519,977.19, up from RMB 89,215,984.28, representing a growth of about 17.2%[17] - Inventory rose significantly to RMB 158,644,494.67, compared to RMB 98,280,913.97, marking an increase of approximately 61.3%[17] - The company's non-current assets totaled CNY 1,303,922,783.67, reflecting a minor adjustment due to the new leasing standards[31] Financial Standards - The company has implemented new leasing standards starting from January 1, 2021, affecting the financial statements[30] - The company has implemented new leasing standards effective January 1, 2021, impacting financial statement adjustments[33]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[18]. - The net profit attributable to shareholders reached RMB 300 million, up 20% compared to the same period last year[18]. - The company's operating revenue for the first half of the year reached ¥416,692,796.55, representing a year-on-year increase of 28.69% compared to ¥323,802,565.98 in the same period last year[20]. - The net profit attributable to shareholders was ¥100,193,444.27, reflecting a 10.95% increase from ¥90,303,038.16 in the previous year[20]. - The net cash flow from operating activities increased by 69.90%, amounting to ¥128,671,633.82 compared to ¥75,735,625.63 in the same period last year[20]. - The basic earnings per share rose to ¥0.33, a 13.79% increase from ¥0.29 in the previous year[20]. - The company's total assets at the end of the reporting period were ¥2,030,326,907.09, up 3.34% from ¥1,964,705,979.45 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 5.02% to ¥1,135,769,045.68 from ¥1,081,499,148.43 at the end of the previous year[20]. - The company reported a total of ¥3,487,316.02 in government subsidies recognized in the current period, excluding those related to normal business operations[20]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[18]. - The company’s sales strategy involves market-based pricing, with monthly contracts for order quantities and prices, adapting to market fluctuations in fluorite product prices[42]. - The company is focusing on the mining and development of fluorite resources, which are classified as strategic minerals in China, with significant applications in various industries[23]. - The company is actively exploring technologies for recovering rare earth elements associated with fluorite, which could further enhance its resource utilization and market position[46]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for mineral processing[18]. - Research and development expenses surged by 146.66% to ¥7,576,184.39 from ¥3,071,546.66, indicating a significant investment in new technologies and mining recovery techniques[60]. - The company has obtained 52 patents and has 49 patents pending, focusing on technologies such as low-grade fluorite beneficiation and zero discharge of tailings wastewater, enhancing its technological advantage in the industry[46]. Environmental Management - The company is focusing on environmental management and has implemented processes for recycling wastewater and comprehensive utilization of tailings[69]. - The company has established a comprehensive environmental management system for water discharge, which is functioning normally[98]. - The company has implemented noise reduction measures, including soundproof barriers and enclosures for machinery, to mitigate environmental impact[89]. - The company has a zero discharge policy for wastewater at the Dajinzhuang Mine, utilizing a total of 3 tertiary sedimentation tanks with a combined capacity of 105m³[99]. - The company has established dust control measures, including wet drilling and water spraying on roads to reduce dust emissions[105]. Risks and Challenges - The management has identified potential risks including market volatility and regulatory changes, which are detailed in the report[6]. - The company has faced risks related to safety production and environmental protection, which could lead to economic losses and negative social impacts[69]. - The company is exposed to price volatility risks of fluorite products, which are closely linked to its profit margins and overall performance[71]. - The company anticipates potential risks from a slowdown in downstream demand, particularly from industries such as fluorochemical, electrolytic aluminum, and steel[72]. Shareholder and Equity Information - The largest shareholder, Zhejiang Jinshi Industrial Co., Ltd., holds 156,636,324 shares, representing 50.27% of the total shares[133]. - The company has implemented an equity incentive plan, with various executives receiving a total of 1,000,000 shares as part of this program[137]. - The company granted a total of 178,000 stock options and 150,000 restricted shares to 17 and 1 incentive recipients respectively, with an exercise price of ¥28.79 per option and a grant price of ¥14.40 per share[83]. - The total number of shares after the capital increase is 311,611,052 shares[127]. Financial Position and Assets - The company's total liabilities and shareholders' equity reached CNY 1,440,359,647.85 as of the reporting date[152]. - The total assets amounted to ¥1,440,359,647.85, up from ¥1,375,860,365.41, indicating a growth of approximately 4.69%[151]. - The company's cash and cash equivalents decreased to approximately CNY 265.52 million from CNY 275.16 million, a decline of about 3.06%[143]. - Accounts receivable increased significantly to approximately CNY 127.13 million from CNY 89.22 million, representing a growth of approximately 42.5%[143]. Corporate Governance - The company has not distributed dividends or increased capital reserves in the current reporting period[82]. - The company has no significant litigation or arbitration matters during the reporting period[121]. - The company and its controlling shareholders have a good credit status with no major dishonesty issues reported[121]. - The company has not engaged in any significant related party transactions during the reporting period[122].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥42,317,252.03, representing a growth of 24.05% year-on-year[9]. - Operating revenue for the period was ¥168,765,098.75, reflecting a year-on-year increase of 39.47%[9]. - The company reported a net profit excluding non-recurring gains and losses of ¥42,776,378.34, which is a 35.88% increase year-on-year[9]. - Net profit for Q1 2021 was CNY 43,449,180.62, representing a 25.8% increase compared to CNY 34,542,397.50 in Q1 2020[24]. - Basic earnings per share were ¥0.18, up 28.57% from ¥0.14 in the previous year[9]. - Basic and diluted earnings per share for Q1 2021 were both CNY 0.18, up from CNY 0.14 in Q1 2020[25]. - The company reported a profit before tax of CNY 50,450,165.08 for Q1 2021, compared to CNY 44,415,734.70 in Q1 2020[24]. Cash Flow and Liquidity - Net cash flow from operating activities amounted to ¥82,166,117.32, a significant increase of 652.34% compared to the same period last year[9]. - The company’s cash and cash equivalents increased to CNY 313,865,652.37 from CNY 275,161,996.01, reflecting a positive liquidity position[16]. - In Q1 2021, the company reported cash inflows from operating activities of CNY 231,189,076.91, an increase of 69.8% compared to CNY 136,253,345.80 in Q1 2020[26]. - The net cash flow from operating activities for Q1 2021 was CNY 82,166,117.32, significantly up from CNY 10,921,456.23 in the same period last year[27]. - The company’s cash inflow from sales of goods and services in Q1 2021 was CNY 230,578,588.09, up from CNY 122,665,108.18 in Q1 2020[26]. - The company paid CNY 50,184,658.83 in taxes during Q1 2021, up from CNY 30,838,215.24 in Q1 2020, reflecting a 62.5% increase[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,974,622,639.19, an increase of 0.50% compared to the end of the previous year[9]. - The total assets of the company as of March 31, 2021, amounted to CNY 1,974,622,639.19, compared to CNY 1,964,705,979.45 at the end of 2020[18]. - The total liabilities decreased to CNY 823,308,862.58 from CNY 860,457,117.83, indicating a reduction in financial obligations[20]. - The company’s total current liabilities amounted to CNY 595,925,618.85, a slight decrease from CNY 617,315,588.25[21]. - The total liabilities reached 860,457,117.83 CNY, with current liabilities accounting for 617,315,588.25 CNY[32]. - The total non-current liabilities decreased to CNY 227,383,243.73 from CNY 243,141,529.58, indicating a reduction of about 6.5%[20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 15,280[11]. - Zhejiang Jinshi Industrial Co., Ltd. held 50.20% of the shares, making it the largest shareholder[11]. Expenses and Costs - Operating costs increased by 46.03% to CNY 75,300,301.42 in Q1 2021 from CNY 51,565,686.69 in Q1 2020, also driven by higher sales volume[14]. - Financial expenses increased by 30.37% to CNY 4,065,885.87, mainly due to higher interest expenses[14]. - The company’s management expenses increased by 40.90% to CNY 20,100,325.34, primarily due to the recognition of equity incentive expenses[14]. - Research and development expenses for Q1 2021 totaled CNY 1,236,788.59, an increase from CNY 731,019.73 in Q1 2020[22]. Other Financial Metrics - The weighted average return on equity increased by 0.40 percentage points to 3.83%[9]. - The company reported a significant decrease in contract liabilities, down 36.40% to CNY 5,987,541.22 from CNY 9,414,779.55, due to reduced advance payments[14]. - The company reported a decrease in other comprehensive income amounting to -RMB 19,227,100.00[37]. - The implementation of the new leasing standard from January 1, 2021, resulted in adjustments to the financial statements, impacting the non-current assets[37].