Financial Performance - Net profit attributable to shareholders increased by 60.60% to CNY 49,051,629.58 for the period from January to September[6] - Operating revenue rose by 33.26% to CNY 239,164,738.69 for the same period[6] - Basic earnings per share rose by 35.29% to CNY 0.23[6] - Net profit for the first nine months was CNY 49,032,777.20, reflecting a 60.05% increase from CNY 30,635,415.04 year-on-year[13] - Net profit for the first nine months was CNY 64,175,281.84, compared to CNY 31,907,073.54 in the previous year, indicating a growth of 100.4%[30] - The net profit attributable to the parent company for Q3 2017 was CNY 15,186,671.19, compared to CNY 2,620,457.95 in Q3 2016, indicating a significant increase[32] - The total profit for the first nine months of 2017 reached CNY 22,013,001.81, compared to CNY 31,546,916.27 for the same period in 2016, showing a decline[35] Revenue and Costs - Total operating revenue for the third quarter reached CNY 73,336,834.61, a 74.8% increase compared to CNY 41,956,347.19 in the same period last year[30] - Total operating costs amounted to CNY 57,696,421.33, up from CNY 40,994,150.57, reflecting a year-over-year increase of 40.7%[30] - The operating costs for Q3 2017 were CNY 60,900,470.72, which is a 52.7% increase from CNY 39,856,567.41 in Q3 2016[33] Assets and Liabilities - Total assets increased by 10.40% to CNY 1,079,387,895.41 compared to the end of the previous year[6] - The company’s total liabilities decreased to CNY 298,421,462.66 from CNY 359,072,916.75, indicating improved financial stability[20] - Owner's equity increased to CNY 680,510,705.68, up from CNY 480,647,739.12, representing a growth of 41.5%[26] - Total assets as of September 30, 2017, were CNY 921,676,701.16, an increase from CNY 759,614,472.86 at the beginning of the year[24] - Total liabilities decreased to CNY 241,165,995.48 from CNY 278,966,733.74, a reduction of 13.5%[26] Cash Flow - Cash flow from operating activities increased by 10.45% to CNY 20,181,797.08 year-to-date[6] - Cash flow from financing activities decreased by 45.17% to CNY 31,521,001.54, mainly due to repayment of bank loans[13] - Operating cash flow for the first nine months of 2017 was negative at -150,839,972.36 RMB, compared to -67,837,604.96 RMB in the same period last year, indicating a decline in operational efficiency[42] - Total cash inflow from financing activities reached 487,980,000.00 RMB, significantly higher than 198,500,000.00 RMB in the previous year, reflecting increased borrowing and investment activities[43] - Cash outflow for operating activities was 320,811,593.35 RMB, up from 210,430,253.09 RMB in the previous year, reflecting increased operational costs[42] Accounts Receivable and Inventory - Accounts receivable increased by 130.89% to CNY 44,472,207.53, attributed to a higher proportion of sales settled by notes for new customers in northern regions[12] - Accounts receivable increased by 269.06% to CNY 37,989,637.03, primarily due to increased sales volume[13] - Inventory rose by 75.96% to CNY 37,806,056.86, as the company strategically increased finished goods stock in anticipation of market trends[13] - Accounts receivable rose to CNY 32,919,915.26 from CNY 9,517,233.59, marking an increase of 245.5%[23] - Inventory stood at CNY 279,284.39, with no prior balance reported[24] Government Subsidies and Financial Management - The company received government subsidies amounting to CNY 9,779,604.49 year-to-date, closely related to its normal business operations[8] - The company reported a significant increase in prepayments, totaling CNY 279,893,339.16, compared to CNY 253,343,430.11 at the beginning of the year[24] - The financial expenses for the first nine months of 2017 were CNY 8,901,709.98, compared to CNY 8,132,585.05 in the same period of 2016, indicating an increase[33] Cash and Cash Equivalents - Cash and cash equivalents decreased by 67.08% to CNY 7,083,723.31 due to repayment of bank loans and acquisition of fixed assets[12] - Cash and cash equivalents decreased to CNY 4,295,096.49 from CNY 12,501,863.60, a decline of 65.6%[23] - Cash and cash equivalents at the end of the period decreased to 4,012,096.49 RMB from 17,895,497.34 RMB year-on-year, indicating liquidity challenges[43] - The impact of exchange rate changes on cash and cash equivalents was a positive 17,660.45 RMB, showing some resilience against currency fluctuations[43]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥165,827,904.08, representing a 20.58% increase compared to ¥137,519,561.64 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2017 was ¥33,864,958.39, up 21.28% from ¥27,922,116.67 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥28,412,403.24, reflecting a significant increase of 32.89% compared to ¥21,381,054.02 in the same period last year[20]. - Basic earnings per share for the first half of 2017 were ¥0.17, a 6.25% increase from ¥0.16 in the same period last year[21]. - The weighted average return on net assets was 6.21%, a decrease of 0.26 percentage points from 6.47% in the previous year[21]. - Operating revenue rose by 20.58% to 165,827,904.08 RMB, driven by higher sales prices of main products[49]. - Operating profit reached CNY 44,773,306.39, representing a growth of 44.8% from CNY 30,944,876.92 in the previous year[112]. - Net profit attributable to shareholders was CNY 33,864,958.39, an increase of 21.3% compared to CNY 27,922,116.67 in the same period last year[115]. Cash Flow and Assets - The net cash flow from operating activities was ¥31,094,560.30, a decrease of 10.75% from ¥34,840,421.03 in the previous year[20]. - The total assets at the end of the reporting period were ¥1,061,565,108.14, an increase of 8.57% from ¥977,732,963.49 at the end of the previous year[20]. - The company's cash and cash equivalents increased by 46.12% to 31,442,330.62 RMB due to the arrival of IPO fundraising[51]. - Accounts receivable rose by 147.80% to 25,506,954.03 RMB, attributed to increased sales volume in June[51]. - Current assets increased to CNY 167.86 million from CNY 120.43 million, a growth of 39.3%[105]. - Total liabilities decreased to CNY 375.80 million from CNY 506.88 million, a reduction of 26.0%[106]. - The ending balance of cash and cash equivalents was ¥31,169,330.62, down from ¥40,325,640.17 in the prior period, a decrease of 22.5%[120]. Share Capital and Ownership - The company has a total share capital of 240 million shares, with 60 million new shares issued during the reporting period, resulting in a weighted average number of shares of 200 million for earnings per share calculation[22]. - The total share capital increased from 180 million shares to 240 million shares after the issuance of 60 million new shares[89]. - The number of ordinary shareholders reached 25,631 by the end of the reporting period[91]. - The proportion of shares held by domestic non-state legal persons was 93.17%, while individual domestic shareholders held 6.83%[88]. - Zhejiang Jinshi Industrial Co., Ltd. holds 120,489,480 shares, accounting for 50.20% of total shares[93]. Strategic Operations - The company is the largest in China's fluorite industry in terms of resource reserves and processing scale, focusing on the investment, development, production, and sales of fluorite products since its establishment in 2001[27]. - The main products include acid-grade fluorite powder with a calcium fluoride content of ≥97% and high-grade fluorite ore with a calcium fluoride content of ≥65%, primarily used in the chemical and metallurgical industries[27]. - The company has established strategic partnerships with key customers such as Juhua Co., Dongyue Group, and Hangyan Chemical, enhancing its market position through direct sales and close communication[29]. - The company employs an outsourcing model for mining operations, which helps ensure safety and improve production efficiency[28]. - The company has begun direct supply to smelting enterprises, reflecting a shift in its sales strategy to enhance product quality and customer relationships[29]. Research and Development - The company is actively involved in the research and development of new materials and technologies, particularly in the fields of renewable energy and new materials[32]. - The company has developed 11 patents and is actively engaged in R&D for various technologies, including efficient and clean utilization of fluorite[41]. Risks and Challenges - The company has outlined potential risks in its operations, which investors should be aware of[6]. - The company faces risks related to significant price fluctuations in fluorite products, which could impact profitability and profit margins[57]. - The company is currently facing risks associated with lower-than-expected mineral resource reserves, which could affect business development and performance growth[58]. - The company has identified potential risks from changes in industrial policies that could increase operational costs and affect profitability[59]. - The company's project implementation may face capacity digestion risks, particularly in the short term after the new production capacity comes online[63]. Legal and Compliance - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[75]. - The company has retained Tianjian Accounting Firm for the 2017 audit, reflecting confidence in their financial reporting[75]. - The company has committed to compensating investors for losses incurred due to misleading statements in the prospectus[74]. Accounting Policies - The company adheres to the accounting standards, ensuring that financial statements accurately reflect its financial position and operating results[147]. - The company applies specific accounting policies for accounts receivable, fixed asset depreciation, intangible asset amortization, and revenue recognition[146]. - Revenue from the sale of goods is recognized when the risks and rewards of ownership are transferred to the buyer, and the amount is reliably measurable[28].