Financial Performance - The company's operating revenue for Q3 2022 was ¥434,607,985.41, a decrease of 4.60% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥44,538,216.17, representing a decline of 169.76% year-on-year[5]. - The basic and diluted earnings per share were both -¥0.13, a decrease of 168.42% compared to the previous year[6]. - Net profit for Q3 2022 was ¥29,153,535.03, a decrease of 86.7% from ¥218,630,537.22 in Q3 2021[22]. - Earnings per share for Q3 2022 were ¥0.06, down from ¥0.64 in Q3 2021[23]. - The company’s total comprehensive income for Q3 2022 was ¥39,623,831.90, a decrease from ¥217,165,669.25 in Q3 2021[23]. Assets and Liabilities - The total assets increased by 8.48% to ¥5,310,467,772.86 compared to the end of the previous year[6]. - Total assets reached ¥5,310,467,772.86, compared to ¥4,895,377,815.83 at the end of 2021[17]. - Total liabilities as of Q3 2022 amounted to ¥3,451,819,907.34, an increase of 28.7% from ¥2,680,840,106.19 in the previous year[19]. - Total equity attributable to shareholders was ¥1,853,005,334.58, down from ¥2,174,978,008.51 in the same period last year[19]. Cash Flow - The cash flow from operating activities showed a net outflow of ¥139,367,076.42, a decrease of 161.42%[6]. - Operating cash inflow for the first three quarters of 2022 was CNY 1,590,851,368, an increase from CNY 1,516,151,908 in the same period of 2021[24]. - Net cash flow from operating activities for Q3 2022 was negative CNY 139,367,076, compared to a positive CNY 226,898,023 in Q3 2021[25]. - Cash outflow from investment activities in Q3 2022 was CNY 581,454,172.83, down from CNY 846,016,744.59 in Q3 2021[25]. - Net cash flow from financing activities for Q3 2022 was CNY 338,145,471.37, compared to a negative CNY 224,849,217.54 in Q3 2021[25]. - Total cash and cash equivalents at the end of Q3 2022 stood at CNY 566,136,329.43, slightly up from CNY 558,313,923.41 at the end of Q3 2021[25]. Inventory and Expenses - The company reported a significant increase in inventory by 47.46%, attributed to rising material prices and unfinished product shipments[10]. - The company experienced a 421.02% increase in selling expenses due to the expansion of its sales team and market promotion efforts[11]. - Total operating costs for the first three quarters of 2022 were ¥1,389,191,306.23, up 33.4% from ¥1,041,893,450.38 in the previous year[21]. - Research and development expenses for the first three quarters of 2022 were ¥95,473,436.89, an increase of 17% compared to ¥81,562,529.85 in 2021[21]. - The company reported a significant increase in sales expenses, which rose to ¥56,572,538.02 from ¥10,858,080.39 in the previous year[21]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 41,918[12]. - The largest shareholder, Hu Jingsheng, holds 70,383,600 shares, representing 20.53% of total shares[13]. Other Information - The company has not disclosed any significant new strategies or product developments during the reporting period[15]. - The company reported a notable increase in prepayments, rising to ¥73,127,465.35 from ¥16,014,257.97[17]. - Long-term equity investments decreased to ¥96,333,551.80 from ¥119,554,727.98[17]. - Cash received from sales of goods and services in the first three quarters of 2022 was CNY 1,282,877,687.53, compared to CNY 1,170,010,655.74 in the same period of 2021[24]. - Cash paid for goods and services in the first three quarters of 2022 was CNY 1,221,638,339.68, significantly higher than CNY 674,196,027.11 in the same period of 2021[24]. - Cash received from investment activities in Q3 2022 totaled CNY 327,534,885.97, down from CNY 711,542,948.80 in Q3 2021[25]. - Cash paid for employee compensation in Q3 2022 was CNY 181,216,557.88, an increase from CNY 153,227,442.22 in Q3 2021[25]. - Cash flow from operating activities in Q3 2022 was impacted by a total outflow of CNY 1,730,218,444.42, compared to CNY 1,289,253,885.09 in Q3 2021[25].

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥942.47 million, representing a 10.22% increase compared to ¥855.10 million in the same period last year[20]. - The net profit attributable to shareholders decreased by 58.83% to ¥64.08 million from ¥155.65 million year-on-year[20]. - Basic earnings per share dropped by 58.70% to ¥0.19 from ¥0.46 in the same period last year[21]. - The total operating revenue for the first half of 2022 reached CNY 942,467,743.84, an increase of 10.2% compared to CNY 855,102,492.27 in the same period of 2021[117]. - The total operating costs rose to approximately ¥900.29 million, up from ¥660.48 million, indicating an increase of about 36.3%[118]. - The company reported a total profit of approximately ¥83.06 million, down from ¥198.36 million, which is a decrease of about 58.3%[118]. - The total comprehensive income for the first half of 2022 was approximately ¥74.06 million, down from ¥150.60 million, reflecting a decrease of about 50.8%[119]. Cash Flow and Financial Position - The net cash flow from operating activities fell by 222.74%, resulting in a negative cash flow of ¥183.60 million, primarily due to increased cash payments for raw materials[22]. - The company reported a net cash flow from financing activities of RMB 192,858,723.32, a turnaround from a negative RMB -339,898,455.35 in the same period last year, reflecting increased bank borrowings[39]. - The ending cash and cash equivalents balance for the first half of 2022 was CNY 482,552,548.69, compared to CNY 396,095,607.95 at the end of the first half of 2021, indicating an increase of about 21.8%[125]. - The total liabilities of the company increased to RMB 3,196,262,604.42 from RMB 2,622,570,600.72, representing a rise of about 21.8%[111]. - The company's cash and cash equivalents decreased to RMB 689,696,208.12 from RMB 775,740,000.41, representing a decline of about 11.1%[110]. Assets and Investments - The company's total assets increased by 5.33% to approximately ¥5.16 billion from ¥4.90 billion at the end of the previous year[20]. - The company made equity investments totaling RMB 38 million in various biotechnology and pharmaceutical companies during the reporting period[45]. - The company’s long-term borrowings stood at RMB 730,611,148.94, a slight decrease of 2.14% from RMB 746,554,479.98[42]. - The company’s investment income surged to RMB 28,550,614.31, a remarkable increase of 910.21% from RMB 2,826,204.65 in the previous year[39]. Operational Challenges - The decline in profit was attributed to rising raw material prices and the impact of the COVID-19 pandemic on production and sales in Shanghai[22]. - The company faces operational risks including raw material quality, sales risks due to centralized procurement policies, and high R&D costs[50]. - The company is exposed to policy risks related to drug price adjustments and changes in the national essential drug list, which could impact sales and profitability[52]. Environmental Management - The company reported a total wastewater discharge of 224,137 tons with a COD discharge of 59.240 tons and ammonia nitrogen discharge of 0.65 tons from January to June 2022[61]. - The company has implemented a comprehensive environmental management system, ensuring all pollution control facilities are operational and meet production needs[66]. - The company has a hazardous waste storage facility with a maximum storage capacity of 650 tons, complying with environmental protection standards[66]. Corporate Governance and Compliance - The company has committed to fair and reasonable terms in any related party transactions, avoiding preferential conditions compared to third parties[81]. - The company has confirmed that it will adhere to all relevant laws and regulations regarding related party transactions[81]. - There were no significant litigation or arbitration matters during the reporting period[84]. Shareholder Information - The total share capital increased from 245,016,871 shares to 343,023,619 shares after a cash dividend of 5 yuan per 10 shares and a capital reserve conversion of 4 shares for every 10 shares[93]. - The top two shareholders, Hu Jinsheng and Hu Jian, hold 20.52% and 18.00% of the shares, respectively, with significant pledges on their holdings[100]. - The company has a total of 26,039 common stock shareholders as of the end of the reporting period[98]. Research and Development - Research and development expenses increased by 16.52% to RMB 61,772,227.52, up from RMB 53,013,572.07[39]. - The company has built a strong R&D capability with over 30 authorized invention patents and collaborations with renowned universities and research institutions[34]. Strategic Initiatives - The company is actively expanding its iodine contrast agent formulation business, successfully participating in the fifth batch of national drug centralized procurement[36]. - The company has established a CMO/CDMO business model, leveraging its competitive advantages in specialty APIs to open new growth avenues[26]. - The company is focusing on developing its CMO/CDMO business for active pharmaceutical ingredients and intermediates, leveraging its technical and customer resources[37].

Financial Performance - In 2021, the company's operating revenue reached ¥1,999,916,888.19, representing a 46.29% increase compared to ¥1,367,087,241.13 in 2020[17] - The net profit attributable to shareholders was ¥323,754,754.88, a 35.62% increase from ¥238,729,340.15 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥307,864,117.27, up 30.04% from ¥236,753,234.90 in 2020[17] - The net cash flow from operating activities was ¥508,839,385.25, a significant increase of 191.63% compared to ¥174,479,180.11 in 2020[17] - As of the end of 2021, the total assets amounted to ¥4,895,377,815.83, reflecting an 11.10% increase from ¥4,406,335,461.47 at the end of 2020[17] - The net assets attributable to shareholders increased to ¥2,174,978,008.51, a 19.27% rise from ¥1,823,503,185.33 in 2020[17] - The basic and diluted earnings per share increased by 32% to 1.32 RMB per share[18] - The weighted average return on equity decreased by 1.67 percentage points to 16.04%[18] Dividend and Shareholder Information - The company plans to distribute a cash dividend of ¥5 per 10 shares and to increase capital by 4 shares for every 10 shares held[4] - The total number of shares held by the chairman, Hu Jinsheng, remained unchanged at 50,274,000 shares, with a pre-tax compensation of 1.28 million CNY for the reporting period[109] - The total number of shares held by the general manager, Hu Jian, also remained unchanged at 44,100,000 shares, with a pre-tax compensation of 1.18 million CNY[109] - The total pre-tax compensation for all directors and supervisors amounted to 6.09 million CNY for the reporting period[111] - The company proposed a cash dividend of 5 yuan per 10 shares (including tax) for the 2021 fiscal year, pending approval at the annual shareholders' meeting[136] Research and Development - The company successfully participated in the national centralized procurement, winning bids for its Iohexol and Iopamidol injection products[29] - The company submitted supplementary materials for iodinated contrast agents and registered an application for gadobutrol injection in December 2021, continuing its R&D efforts in the contrast agent field[30] - A total of 69 patents have been granted or are under review, including 49 invention patents, indicating a strong focus on innovation[31] - The company’s R&D expenses increased by 41.82% to CNY 124,580,729.29, reflecting a commitment to innovation[43] - The company has established five R&D centers and has over 30 authorized invention patents, showcasing its strong R&D capabilities[40] - The company aims to enhance its R&D capabilities and expand its product lines, focusing on X-ray contrast agents and other imaging agents[96] Market and Sales Strategy - The company has established long-term partnerships with major pharmaceutical companies in China, enhancing its market presence and distribution capabilities[36] - The sales model includes direct sales for domestic markets and self-export or distributor sales for international markets, ensuring a stable supply chain[36] - The company aims to become the largest and most comprehensive manufacturer of contrast agents globally, focusing on filling domestic gaps[38] - The company intends to leverage national procurement selections to establish a comprehensive sales network across provinces in China[99] - The company will actively explore international markets, particularly in Europe, Japan, Southeast Asia, the Middle East, and South America[99] Environmental Compliance and Management - The company has established a hazardous waste storage facility with a maximum capacity of 650 tons, compliant with environmental protection standards[150] - The company has implemented an annual self-monitoring plan, with key pollutants monitored every two hours for COD, pH, ammonia nitrogen, and total nitrogen[162] - The company has committed to enhancing its environmental management practices and awareness following the administrative penalty[157] - The company operates a RTO incineration system with a processing capacity of 15,000 standard cubic meters per hour, ensuring effective waste gas treatment[161] - The company has established a comprehensive environmental risk emergency response mechanism to ensure effective handling of environmental incidents[162] Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5] - The board of directors has ensured the authenticity and completeness of the annual report, with no false records or misleading statements[5] - The company has not faced any penalties from securities regulatory authorities in the past three years[119] - The company has not reported any objections raised by directors regarding company matters[123] - The company has implemented a performance assessment system to determine actual remuneration for directors and senior management[116] Financial Management and Investments - The company has approved the use of up to 300 million RMB of idle raised funds for cash management, ensuring the safety and liquidity of investments[190] - The company has engaged in bank wealth management with a total amount of 80 million RMB from idle raised funds, with no overdue amounts[189] - The total guarantee amount (including guarantees to subsidiaries) is 685,516,361.36 RMB, accounting for 31.52% of the company's net assets[187] - The company has made structured deposits with China Bank and Citic Bank, with annualized returns ranging from 1.50% to 4.91%[191] - The company has not disclosed any significant related party transactions or guarantees during the reporting period[186] Social Responsibility - The company donated 15 million yuan during the fourth Taizhou Charity Conference, ranking second in the city for charitable contributions[167] - Over the past three years, the company has donated a total of 7.87 million yuan to various charitable organizations and social causes[167] - The company has implemented a stock incentive plan to attract and retain talented employees, enhancing their motivation and creativity[166]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 517,298,394.90, representing a year-on-year increase of 42.08%[5] - The net profit attributable to shareholders for the same period was CNY 80,240,225.00, reflecting a growth of 24.27% compared to the previous year[5] - The basic earnings per share (EPS) for Q1 2022 was CNY 0.33, an increase of 26.92% year-on-year[6] - Net profit for Q1 2022 was CNY 86,622,112.55, representing a 34.1% increase compared to CNY 64,606,088.08 in Q1 2021[21] - The total operating profit for Q1 2022 was CNY 41,867,475.82, a decrease of 49.7% compared to CNY 83,275,241.11 in Q1 2021[31] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 5,150,564,779.50, up 5.21% from the end of the previous year[6] - The total assets of the company reached CNY 5,150,564,779.50, up from CNY 4,895,377,815.83, marking an increase of approximately 5.2%[16] - The company's total liabilities increased to CNY 2,183,283,340.90, compared to CNY 2,061,807,076.72 in the previous year, reflecting a growth of approximately 5.9%[16] - Total liabilities as of Q1 2022 amounted to CNY 2,869,548,916.37, up from CNY 2,680,840,106.19 in the previous year[19] - The company's total liabilities rose to 1,948,839,913.77 RMB, compared to 1,683,561,845.05 RMB, indicating an increase of about 15.8%[29] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 93,672,558.25, a significant decrease of 723.35% compared to the previous year[5] - The net cash flow from operating activities was -93,672,558.25 RMB, compared to -11,377,018.57 RMB in the previous year, indicating a significant decline in operational performance[24] - Total cash inflow from investing activities was 161,645,907.27 RMB, while cash outflow was 230,846,829.59 RMB, resulting in a net cash flow of -69,200,922.32 RMB, an improvement from -140,563,364.35 RMB year-over-year[24] - Cash inflow from financing activities amounted to 519,777,628.70 RMB, with cash outflow of 320,256,685.34 RMB, leading to a net cash flow of 199,520,943.36 RMB, a recovery from -145,136,403.97 RMB in the previous year[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,771[12] - Total equity attributable to shareholders reached CNY 2,252,306,632.98, an increase from CNY 2,174,978,008.51 in Q1 2021[19] Expenses - The company reported a 75.12% increase in operating costs, primarily due to increased sales volume and rising raw material prices[10] - The company experienced a 106.95% rise in selling expenses, attributed to increased sales activities in Shanghai[10] - Research and development expenses for Q1 2022 were CNY 27,968,697.96, compared to CNY 24,812,028.35 in Q1 2021, reflecting a focus on innovation[19] - The company incurred financial expenses of CNY 2,195,161.43 in Q1 2022, a decrease from CNY 7,043,470.02 in Q1 2021[30] Current Assets - As of March 31, 2022, the total current assets of Zhejiang Sitaili Pharmaceutical Co., Ltd. amounted to CNY 2,183,283,340.90, an increase from CNY 2,061,807,076.72 in the previous year, reflecting a growth of approximately 5.9%[15] - The company's cash and cash equivalents stood at CNY 783,552,729.51, compared to CNY 775,740,000.41 as of December 31, 2021, indicating a slight increase[15] - Accounts receivable increased to CNY 639,897,913.77 from CNY 543,928,714.22, representing a growth of about 17.6% year-over-year[15] - The company's inventory decreased to CNY 492,994,623.71 from CNY 517,591,430.26, representing a decline of approximately 4.7%[16] Investment Income - The investment income surged by 936.80%, mainly due to the disposal of a subsidiary[10] - The company's long-term equity investments increased to 1,405,216,576.90 RMB from 1,383,214,555.16 RMB, reflecting a growth of about 1.6%[28]

Financial Performance - The company's operating revenue for Q1 2022 was CNY 517,298,394.90, representing a year-on-year increase of 42.08%[5] - The net profit attributable to shareholders for the same period was CNY 80,240,225.00, reflecting a growth of 24.27% compared to the previous year[5] - The basic earnings per share (EPS) was CNY 0.33, which is an increase of 26.92% year-on-year[6] - Total operating revenue for Q1 2022 reached CNY 517,298,394.90, a 42.2% increase from CNY 364,080,502.76 in Q1 2021[19] - Net profit for Q1 2022 was CNY 86,622,112.55, representing a 34.1% increase compared to CNY 64,606,088.08 in Q1 2021[21] - Earnings per share for Q1 2022 were CNY 0.33, compared to CNY 0.26 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -93,672,558.25, a decline of 723.35% compared to the previous year[5] - Cash received from sales of goods and services in Q1 2022 was CNY 396,977,667.17, an increase from CNY 282,756,017.36 in Q1 2021[23] - The net cash flow from operating activities was -93,672,558.25 RMB, compared to -11,377,018.57 RMB in the previous year, indicating a significant decline in operational cash generation[24] - Total cash inflow from financing activities was 519,777,628.70 RMB, an increase from 426,400,000.00 RMB year-over-year, reflecting improved financing conditions[25] - The net cash flow from investing activities was -69,200,922.32 RMB, compared to -140,563,364.35 RMB in the previous year, showing a reduction in cash outflow for investments[24] - The company's cash and cash equivalents stood at CNY 783,552,729.51, compared to CNY 775,740,000.41 in the previous year, indicating a slight increase of about 1%[15] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 5,150,564,779.50, up 5.21% from the end of the previous year[6] - The total assets of the company as of March 31, 2022, were CNY 5,150,564,779.50, compared to CNY 4,895,377,815.83 at the end of 2021, reflecting an overall growth of approximately 5.2%[16] - Total liabilities as of Q1 2022 amounted to CNY 2,869,548,916.37, up from CNY 2,680,840,106.19 in the previous year[19] - Short-term borrowings increased significantly to CNY 1,144,650,169.73 from CNY 926,919,634.08, which is an increase of about 23.5%[16] - The total liabilities increased to 1,948,839,913.77 RMB from 1,683,561,845.05 RMB, indicating a rise of about 15.8% year-over-year[29] Expenses and Investments - Total operating costs for Q1 2022 were CNY 442,145,752.91, up 51.5% from CNY 291,989,341.01 in Q1 2021[19] - Research and development expenses for Q1 2022 were CNY 27,968,697.96, compared to CNY 24,812,028.35 in Q1 2021[19] - The company reported a decrease in financial expenses to CNY 12,423,504.28 in Q1 2022 from CNY 27,182,297.54 in Q1 2021[19] - The company reported a decrease in financial expenses, with interest expenses at CNY 10,244,240.46 in Q1 2022, down from CNY 11,697,121.11 in Q1 2021[30] - The company has maintained its long-term equity investments at CNY 166,456,749.72, up from CNY 119,554,727.98, indicating a strategic focus on long-term growth[16] Inventory and Receivables - The company reported a decrease in inventory from CNY 517,591,430.26 to CNY 492,994,623.71, which is a reduction of approximately 4.7%[15] - Accounts receivable increased to CNY 639,897,913.77 from CNY 543,928,714.22, representing a growth of approximately 17.6%[15] - The company's inventory decreased to 253,169,902.60 RMB from 306,638,468.89 RMB, reflecting a reduction of approximately 17.4% year-over-year[27] - Accounts receivable rose to 505,894,162.01 RMB from 395,072,213.07 RMB, reflecting a year-over-year increase of approximately 28.1%[27] Other Observations - The company reported a significant increase in prepayments by 566.79%, primarily due to goods not yet received[9] - Sales expenses surged by 106.95%, attributed to increased sales scale in Shanghai[10] - Investment income rose dramatically by 936.80%, mainly from the disposal of a subsidiary[10] - The company experienced a 100% decrease in trading financial assets, as all financial products matured and were recovered during the period[9] - The company has not disclosed any new product developments or market expansion strategies in the current report[15]

Financial Performance - In 2021, the company's operating revenue reached ¥1,999,916,888.19, representing a 46.29% increase compared to ¥1,367,087,241.13 in 2020[17] - The net profit attributable to shareholders was ¥323,754,754.88, a 35.62% increase from ¥238,729,340.15 in the previous year[17] - The net profit after deducting non-recurring gains and losses was ¥307,864,117.27, up 30.04% from ¥236,753,234.90 in 2020[17] - The net cash flow from operating activities was ¥508,839,385.25, a significant increase of 191.63% compared to ¥174,479,180.11 in 2020[17] - As of the end of 2021, the total assets amounted to ¥4,895,377,815.83, reflecting an 11.10% increase from ¥4,406,335,461.47 at the end of 2020[17] - The net assets attributable to shareholders increased to ¥2,174,978,008.51, a 19.27% rise from ¥1,823,503,185.33 in 2020[17] - The basic and diluted earnings per share were both 1.32 RMB, reflecting a 32% increase from the previous year[18] - The weighted average return on equity decreased to 16.04%, down 1.67 percentage points from the previous year[18] R&D and Innovation - The company’s R&D expenses increased by 41.82% to CNY 124,580,729.29, reflecting a commitment to innovation[43] - A total of 69 patents have been granted or are under review, including 49 invention patents, indicating a strong focus on innovation[31] - The company submitted supplementary materials for iodinated contrast agents and registered applications for gadobutrol injection, continuing its R&D efforts in the contrast agent field[30] - The company is expanding its product line to include second-generation iodine contrast agents and is actively developing MRI and ultrasound contrast agents[40] - The company’s iodinated contrast agent, Iohexol injection, is currently in the registration review stage[81] - The company’s Gadobutrol injection is also in the registration review stage, indicating ongoing product development[81] Market and Sales Strategy - The company successfully participated in the national fifth batch of centralized drug procurement, enhancing its sales network across provinces[29] - The company has established long-term partnerships with major pharmaceutical companies in China, ensuring stable sales channels[36] - The company’s sales network has been improved across all provinces in China, with a focus on building a professional sales team[36] - The company’s participation in centralized drug procurement has positively impacted sales revenue and market share[78] - The company’s products are included in the National Medical Insurance Directory, ensuring broader market access[76] Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5] - The board of directors has ensured the authenticity and completeness of the annual report, with no false records or misleading statements[5] - The company has implemented a robust corporate governance structure to ensure the protection of shareholder rights and compliance with legal regulations[105] - The company has conducted three shareholder meetings during the reporting period, adhering to all legal and regulatory requirements[108] - The company actively engages with investors through various communication channels to ensure transparency and timely responses to inquiries[107] Environmental Management - The company has committed to enhancing its environmental management practices and compliance with national and local regulations[157] - The company has established a comprehensive environmental risk emergency response mechanism to address potential environmental incidents[162] - The company has improved its wastewater treatment capabilities through upgrades and the construction of a new wastewater treatment plant[163] - The company operates a RTO incineration system with a processing capacity of 15,000 standard cubic meters per hour, ensuring effective waste gas treatment[161] - The company faced an administrative penalty of RMB 330,000 due to exceeding the ammonia nitrogen limit of 54.6 mg/L, which is above the regulatory threshold[156] Employee and Management Structure - The company has reserved 155,600 restricted stocks for 44 incentive targets as part of its employee stock ownership plan, enhancing employee motivation and internal cohesion[30] - The company has a total of 94,403,200 shares held by its directors and supervisors at the end of the reporting period[111] - The company has implemented a salary and welfare management policy, which includes a time-based and piece-rate salary system[132] - The company has a training plan that includes external training and internal training sessions for employees[133] - The company has established a performance evaluation mechanism for senior management, linking their compensation to safety, environmental protection, and overall effectiveness[139] Financial Management and Investments - The company has approved the use of up to 300 million RMB of idle raised funds for cash management, ensuring the safety of the funds[190] - The company has engaged in bank wealth management with a total amount of 80 million RMB from idle raised funds, with no overdue amounts[189] - The total amount of structured deposits collected by the Bank of China reached 3,550 million with an interest rate of 3.50%[192] - The company has made structured deposits with China Bank and CITIC Bank, with expected annualized returns of 1.50% and 2.90% respectively[191] - The total guarantee amount (including guarantees to subsidiaries) is 685,516,361.36 RMB, accounting for 31.52% of the company's net assets[187]

Financial Performance - The company's revenue for Q3 2021 reached ¥455,548,016.27, representing a year-over-year increase of 40.45%[5] - Net profit attributable to shareholders was ¥63,848,123.69, an increase of 8.65% compared to the same period last year[5] - The basic earnings per share for the quarter was ¥0.26, with a diluted earnings per share also at ¥0.26[6] - Total operating revenue for the first three quarters of 2021 reached ¥1,310,650,508.54, a 25.3% increase from ¥1,046,415,718.89 in the same period of 2020[21] - Net profit attributable to shareholders of the parent company was ¥219,495,272.49, up 10.6% from ¥198,449,659.64 year-on-year[22] - The company reported a comprehensive income total of ¥217,165,669.25, compared to ¥206,516,017.80 in the previous year, showing a growth of 5.9%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,569,538,332.85, reflecting a 3.70% increase from the end of the previous year[6] - Total assets as of September 30, 2021, amounted to CNY 4,569,538,332.85, an increase from CNY 4,406,335,461.47 at the end of 2020[18] - Total liabilities decreased slightly to ¥2,495,511,521.35 from ¥2,541,620,471.65, indicating a reduction of 1.8%[20] - The company's non-current liabilities decreased to ¥884,691,111.45 from ¥1,015,888,413.76, a decline of 13.0%[20] Cash Flow - The company's cash flow from operating activities showed a significant increase, with a net amount of ¥226,898,023.61, up by 131.26%[6] - Cash inflow from operating activities amounted to ¥1,516,151,908.70, an increase of 16.6% from ¥1,300,515,482.43 in the same period last year[25] - The net cash flow from operating activities for Q3 2021 was $226,898,023.61, a significant increase from $98,114,917.09 in Q3 2020, representing a growth of approximately 131.1%[26] - The total cash and cash equivalents at the end of Q3 2021 were $558,313,923.41, down from $681,795,301.37 at the end of Q3 2020, reflecting a decrease of approximately 18.1%[27] - The company experienced a net decrease in cash and cash equivalents of $130,943,257.70 during Q3 2021, contrasting with an increase of $387,516,136.54 in Q3 2020[27] Investments and Expenses - Research and development expenses increased by 43.87%, indicating a focus on enhancing R&D capabilities[11] - Research and development expenses increased to ¥81,562,529.85, representing a 43.9% rise compared to ¥56,693,140.60 in the previous year[21] - Investment income surged by 659.96%, driven by returns from idle raised funds invested in financial products[11] - Total cash outflow from investing activities was $846,016,744.59, compared to $310,110,984.80 in the previous year, indicating a year-over-year increase of about 172.5%[26] Shareholder Information - The company reported a total of 19,884 common shareholders at the end of the reporting period[13] - The top two shareholders, Hu Jinsheng and Hu Jian, hold 20.57% and 18.04% of shares, respectively, with significant portions pledged[13] Strategic Focus - The company has ongoing investments in new product development and technology, although specific figures were not disclosed in the report[16] - There are no significant changes in the company's strategy regarding market expansion or mergers and acquisitions mentioned in the report[16]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥855.10 million, an increase of 18.43% compared to ¥722.06 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥155.65 million, reflecting an increase of 11.43% from ¥139.69 million year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥163.60 million, up 18.71% from ¥137.81 million in the previous year[19]. - The net cash flow from operating activities was ¥149.59 million, a significant increase of 64.22% compared to ¥91.09 million in the same period last year[19]. - The basic earnings per share for the first half of 2021 were ¥0.64, an increase of 8.47% compared to ¥0.59 in the same period last year[20]. - The diluted earnings per share also stood at ¥0.64, reflecting the same growth of 8.47% year-on-year[20]. - The company reported a significant increase in cash flow from operating activities, with a net cash flow of 149.6 million RMB, up 64.22% from the previous year[38]. - The company achieved a revenue of 855.1 million RMB, representing an 18.43% increase compared to the same period last year[38]. - The net profit attributable to shareholders was 156 million RMB, reflecting an 11.43% growth year-over-year[35]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4.35 billion, a slight decrease of 1.28% from ¥4.41 billion at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased to ¥2.00 billion, up 9.93% from ¥1.82 billion at the end of the previous year[19]. - Cash and cash equivalents decreased by 30.48% to ¥555,774,812.37, accounting for 12.78% of total assets, primarily due to the investment of idle funds in financial products and repayment of bank loans[40]. - Accounts receivable increased by 36.29% to ¥406,033,265.69, representing 9.33% of total assets, attributed to increased sales volume during the period[40]. - Inventory decreased by 8.50% to ¥490,936,978.98, which accounted for 11.29% of total assets[40]. - Long-term equity investments rose by 20.94% to ¥120,442,195.16, making up 2.77% of total assets[40]. - Fixed assets decreased by 3.25% to ¥1,404,158,889.30, representing 32.28% of total assets[40]. - Total liabilities decreased to CNY 2,339,581,511.15 from CNY 2,541,620,471.65, a decline of approximately 7.95%[112]. - Shareholders' equity increased to CNY 2,010,177,112.39 from CNY 1,864,714,989.82, representing a growth of about 7.77%[112]. Research and Development - The company has a strong focus on R&D innovation and process improvement to provide high-quality APIs that meet cGMP standards, which is crucial for its core business[27]. - R&D expenses increased by 46.67% to 53 million RMB, highlighting the company's commitment to innovation and development[38]. - Research and development expenses for the first half of 2021 were ¥53,013,572.07, an increase of 46.6% compared to ¥36,144,175.27 in the same period of 2020[118]. - The company is enhancing its production capacity and expanding its product range, including new projects in CT, MRI, and ultrasound contrast agents, to strengthen its competitive edge in the radiology field[30]. Market Position and Strategy - The company focuses on the research, production, and sales of specialty APIs, particularly non-ionic iodinated contrast agents, aiming to become the largest and most comprehensive producer in the global market[25]. - The company has established stable partnerships with major pharmaceutical manufacturers, enhancing its brand recognition and market position in the specialty API sector[25]. - The company has been actively expanding its downstream formulation business since 2012, with successful bids in national centralized drug procurement, which opens up new growth opportunities[27]. - The company is committed to an integrated strategy of "intermediates-APIs-formulations," aiming to enhance its industry chain layout and competitive advantages[26]. - The company is actively pursuing international expansion by establishing an overseas division to capture untapped markets[33]. Environmental Compliance - The company has established a comprehensive environmental risk emergency mechanism and has filed an emergency response plan with local environmental authorities[70]. - All pollution control facilities at both companies are operating normally and meet production needs[68]. - The company has implemented a self-monitoring plan for environmental compliance, with data publicly available in the provincial pollution source monitoring system[77]. - The company has not faced any administrative penalties for environmental issues during the reporting period[74]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 18,153[100]. - The top shareholder, Hu Jinsheng, holds 50,274,000 shares, representing 20.53% of the total shares, with 25,500,000 shares pledged[102]. - The second largest shareholder, Hu Jian, owns 44,100,000 shares, accounting for 18.01% of the total shares, with 14,870,000 shares pledged[102]. - The company has not engaged in any significant related party transactions during the reporting period[88]. Financial Management - The company has implemented a stock incentive plan to align the interests of key management and technical personnel with those of shareholders[34]. - The company will repurchase all newly issued shares if any false statements or omissions are identified in the prospectus, with the repurchase price not lower than the average trading price over the last 10 trading days prior to the announcement[83]. - The company has made commitments to ensure that the dilution of immediate returns from non-public stock issuance will be effectively compensated[85]. - The company has established measures to link the compensation system for directors and senior management to the execution of return compensation measures[85]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly iodine, which is primarily imported and subject to market volatility[52]. - The government has intensified drug price management, indicating a continued trend of price reductions in the pharmaceutical industry, which may lower average profit margins[52]. - The company is at risk of losing sales revenue if its products fail to win bids in the national centralized procurement process, which has been expanded nationwide[53].

Financial Performance - The company's operating revenue for 2020 was CNY 1,367,087,241.13, representing a 4.45% increase compared to CNY 1,308,841,635.36 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 238,729,340.15, a significant increase of 40.16% from CNY 170,331,965.66 in 2019[21]. - The net profit excluding non-recurring gains and losses was CNY 236,753,234.90, reflecting a 40.65% increase compared to CNY 168,327,732.80 in the previous year[21]. - Basic earnings per share increased by 38.89% to CNY 1.00 compared to CNY 0.72 in the previous year[22]. - Net profit attributable to shareholders grew by 40.16% year-on-year, reaching CNY 239 million[23]. - Revenue increased by 4.45% year-on-year, driven by a higher sales proportion of high-margin products[22]. - The company's operating costs were CNY 765.73 million, a year-on-year increase of 2.14%[49]. - The company's revenue from the pharmaceutical manufacturing sector reached ¥1,348,599,594.74, with a gross margin of 43.57%, reflecting a year-on-year increase of 5.09%[52]. - The revenue from the contrast agent series was ¥1,213,603,299.34, with a gross margin of 45.10%, showing a year-on-year increase of 4.20%[52]. - The company achieved operating revenue of CNY 1,367.09 million, a year-on-year increase of 4.45%[48]. Cash Flow and Investments - The cash flow from operating activities decreased by 29.29% to CNY 174,479,180.11 from CNY 246,768,072.47 in 2019[21]. - The net cash flow from operating activities for the fourth quarter was CNY 76.36 million[26]. - The company reported a 135.92% increase in net cash flow from investing activities, primarily due to investments in equity enterprises[50]. - The net cash flow from financing activities surged by 641.56%, attributed to the funds raised from the stock issuance[50]. - The company has entrusted RMB 30 million of idle raised funds for bank wealth management, with the entire amount remaining unexpired[141]. - The company approved the use of up to 300 million RMB of idle raised funds for cash management, ensuring the safety of the raised funds and the smooth progress of investment projects[142]. Assets and Liabilities - Total assets at the end of 2020 reached CNY 4,406,335,461.47, marking a 26.44% increase from CNY 3,484,838,203.28 in 2019[21]. - The net assets attributable to shareholders increased by 83.12% to CNY 1,823,503,185.33 from CNY 995,797,453.67 in 2019[21]. - The company holds a total of 67 patents, including 59 invention patents, reflecting its commitment to product innovation[47]. - The total amount of guarantees provided by the company, including those to subsidiaries, was RMB 641,864,675, representing 35.20% of the company's net assets[139]. Research and Development - The total R&D expenditure amounted to ¥99,629,750.10, representing 7.29% of total revenue, with 334 R&D personnel accounting for 19.32% of the total workforce[59]. - The company has established multiple R&D bases across various locations, including Zhejiang and Shanghai, equipped with modern laboratories[75]. - The company is actively developing new products, including Iodine-based agents like Iopromide and Iodine-based agents like Iodine Meperidine, to expand its product portfolio[41]. - The company’s R&D investment for the reporting period was CNY 99.63 million, accounting for 7.29% of total revenue[75]. - The company’s R&D expenditure for formulations was 3,404.33 million RMB, while API R&D expenditure was 6,558.64 million RMB[86]. - The company has implemented strict project management for R&D, conducting regular assessments and evaluations of project progress and outcomes[76]. Market and Product Development - The company specializes in the research, production, and sales of non-ionic iodinated contrast agents, with key products including Iohexol, Iopamidol, and Iodixanol[34]. - The company has obtained certifications for its APIs, including Japan's landing certificate, EU CEP certification, and US DMF certification for Iohexol and Iopamidol, enhancing its competitive edge in the market[42]. - The company is focusing on sustainable development by upgrading its production processes and increasing environmental investments in response to industry pressures[70]. - The company plans to enhance R&D investment and expand new product lines, focusing on iodine contrast agents and establishing long-term partnerships with major pharmaceutical companies[101]. - The company has successfully launched 5 new products in the market during the reporting period, contributing to a 20% increase in user data and customer engagement[196]. Corporate Governance and Compliance - The report includes a standard unqualified audit opinion from Tianjian Accounting Firm[4]. - The company has committed to measures to compensate for the dilution of immediate returns from the non-public issuance of shares, ensuring that management does not harm company interests[122]. - The company has established a commitment to minimize related party transactions and ensure they are conducted under fair and reasonable commercial terms[121]. - The company has committed to not seeking benefits beyond those stipulated in related party agreements[121]. - The company has confirmed that all commitments made by its actual controllers and shareholders have been strictly fulfilled and timely[120]. Environmental and Safety Management - The company has implemented a comprehensive EHS management system to meet higher environmental safety standards, minimizing production-related environmental impacts[42]. - The company has implemented corrective measures to enhance safety and environmental management, and normal production activities have resumed at the facility as of the end of the reporting period[132]. - The company has established a hazardous waste warehouse with a maximum storage capacity of 400 tons, complying with environmental protection requirements[162]. - The company has implemented a green production philosophy, enhancing its EHS system and increasing environmental protection investments[146]. - The company’s wastewater monitoring includes key pollutants such as COD, ammonia nitrogen, and total nitrogen, with automatic online monitoring every 2 hours for certain indicators[157]. Shareholder Structure and Stock Incentives - The total number of ordinary shares increased to 244,904,743 after a capital increase of 67,057,743 shares through a bonus issue[169]. - The company granted 659,900 restricted stocks to 148 employees as part of its employee stock incentive plan, boosting internal cohesion[46]. - The company has a total of 10,202,643 restricted shares that are subject to lock-up agreements[174]. - The company is actively managing its shareholding structure, with several funds set to release shares in early 2021, which may influence market dynamics[183]. - The management team has a diverse background in pharmaceuticals and finance, contributing to strategic decision-making and operational efficiency[192].

Financial Performance - Operating revenue increased by 24.90% to CNY 364,080,502.76 year-on-year[6] - Net profit attributable to shareholders rose by 41.43% to CNY 64,571,465.94 compared to the same period last year[6] - Basic earnings per share increased by 36.84% to CNY 0.26[8] - The company reported a net profit excluding non-recurring gains and losses of CNY 59,512,346.05, an increase of 33.86% year-on-year[6] - Total operating revenue for Q1 2021 reached CNY 364,080,502.76, a 24.9% increase from CNY 291,493,720.91 in Q1 2020[30] - Operating profit for Q1 2021 was CNY 79,927,849.04, up 28.9% from CNY 62,035,042.45 in Q1 2020[31] - Net profit for Q1 2021 was CNY 64,606,088.08, representing a 31.1% increase compared to CNY 49,270,347.68 in Q1 2020[31] - Other income for Q1 2021 was CNY 9,237,206.02, significantly higher than CNY 2,544,793.55 in Q1 2020, indicating a growth of 263.5%[30] Cash Flow - Net cash flow from operating activities decreased by 207.18% to -CNY 11,377,018.57 compared to the previous year[6] - The net cash flow from operating activities turned negative at -¥11,377,018.57, a decline of 207.18% compared to ¥10,614,698.10 in the same period last year, primarily due to the use of idle funds for time deposits[18] - The net cash flow from investing activities worsened by 275.52% to -¥140,563,364.35, mainly due to the purchase of bank wealth management products[18] - The net cash flow from financing activities decreased by 420.62% to -¥145,136,403.97, primarily due to the repayment of bank loans exceeding the previous year's amount[19] - The company reported cash outflows from investing activities of ¥285.10 million, significantly higher than ¥37.61 million in Q1 2020[38] - The net cash flow from financing activities was ¥-187,116,926.21, compared to a positive cash flow of ¥213,482,729.75 previously, reflecting a substantial change in cash position[42] Assets and Liabilities - Total assets decreased by 2.07% to CNY 4,315,305,040.37 compared to the end of the previous year[6] - The company's total assets were reported at ¥4,315,305,040.37, down from ¥4,406,335,461.47[24] - Total current assets amounted to ¥1,825,546,891.75, a decrease of 5.6% from ¥1,933,563,783.21 on December 31, 2020[22] - Total liabilities decreased to CNY 1,521,475,467.56 in Q1 2021 from CNY 1,675,807,567.35 in Q1 2020, a reduction of 9.2%[30] - The company's total liabilities were reported at ¥2,368,855,212.09, down from ¥2,541,620,471.65[24] - Long-term borrowings increased to ¥1,036,354,148.38, up from ¥992,946,635.89, indicating a 4.3% rise[24] - The total number of shareholders reached 13,633 at the end of the reporting period[12] Shareholder Information - The largest shareholder, Hu Jinsheng, holds 20.53% of the shares, with 25,500,000 shares pledged[12] - Shareholders' equity increased to ¥1,946,449,828.28, compared to ¥1,864,714,989.82 in the previous period[24] - Shareholders' equity increased to CNY 2,007,112,607.54 in Q1 2021, up from CNY 1,936,186,864.23 in Q1 2020, reflecting a growth of 3.7%[30] Research and Development - Research and development expenses surged by 83.63% to ¥24,812,028.35, reflecting increased investment in R&D and higher costs for labor and materials[17] - Research and development expenses increased to CNY 24,812,028.35 in Q1 2021, up 83.6% from CNY 13,512,201.70 in Q1 2020[30] Government Subsidies - The company received government subsidies amounting to CNY 9,168,035.84 related to its normal business operations[9] - Other income rose significantly by 262.98% to ¥9,237,206.02, mainly due to an increase in government subsidies received[17] Comprehensive Income - The company reported a decrease in comprehensive income to CNY 63,734,838.46 in Q1 2021 from CNY 50,567,787.70 in Q1 2020, a decline of 25.9%[31] - The total comprehensive income for Q1 2021 was ¥70.93 million, consistent with the net profit figure[33]