证券代码：603688 证券简称：石英股份 公告编号：临 2023-038 江苏太平洋石英股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 05 月 10 日 上午 11:00-12:00 （二） 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开时间：2023 年 05 月 10 日(星期三) 上午 11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 28 日(星期五) 至 05 月 09 日(星期 二)16:00 前登录上证路演中心网站首页点 ...

Financial Performance - In 2022, the company's operating income reached approximately CNY 2.00 billion, representing a year-on-year increase of 108.62% compared to CNY 960.68 million in 2021[22]. - The net profit attributable to shareholders was approximately CNY 1.05 billion, a significant increase of 274.48% from CNY 280.98 million in the previous year[22]. - The basic earnings per share rose to CNY 2.94, marking an increase of 267.50% compared to CNY 0.80 in 2021[23]. - The weighted average return on equity improved to 39.43%, up from 13.14% in the previous year, reflecting a growth of 26.29%[23]. - The net cash flow from operating activities surged to approximately CNY 484.65 million, an increase of 998.48% from CNY 44.12 million in 2021[22]. - The total assets of the company at the end of 2022 were approximately CNY 3.69 billion, a 50.63% increase from CNY 2.45 billion at the end of 2021[22]. - The net assets attributable to shareholders increased to approximately CNY 3.26 billion, reflecting a growth of 49.71% compared to CNY 2.18 billion in 2021[22]. - The company reported a net profit excluding non-recurring gains and losses of approximately CNY 994.80 million, a year-on-year increase of 307.37% from CNY 244.20 million[22]. - The company achieved a total revenue of CNY 2,004.17 million in 2022, representing a year-on-year growth of 108.62%[62]. - The net profit attributable to shareholders reached CNY 1,052.19 million, marking a significant increase of 274.48% compared to the previous year[62]. Revenue Growth - The company's operating revenue increased by CNY 1,043.48 million, a year-on-year growth of 108.62%, primarily driven by a 15,355.90 million increase in semiconductor product revenue (up 85.92%) and a 97,484.86 million increase in photovoltaic product revenue (up 305.94%) [24]. - Net profit attributable to shareholders increased by 274.48% year-on-year, mainly due to the growth in operating revenue [24]. - The revenue from the photovoltaic sector surged by 305.94%, contributing CNY 1,293.48 million, which accounted for 64.96% of the total main business revenue[71]. - The main business revenue from quartz products increased by 111.02% year-on-year, amounting to CNY 1,991.27 million[66]. - Domestic revenue grew by 148.86% to CNY 1,755.10 million, driven by increased sales of quartz rods and quartz sand[73]. Production and Capacity - The company achieved a production capacity of 20,000 tons/year of high-purity quartz sand and initiated a project for 60,000 tons/year, expected to reach full capacity in 2023[35]. - The company is focused on expanding its production capacity and enhancing its market share in the high-purity quartz sand sector to meet the growing demand in the photovoltaic market[60]. - A new project for 60,000 tons/year of high-purity quartz sand is expected to achieve full production capacity[94]. - The company plans to enhance research and production speed of high-purity quartz sand products to meet the growing demand in the photovoltaic and semiconductor industries[95]. Research and Development - Research and development expenses rose by 90.63% to CNY 751.67 million, driven by new product and technology development projects[65]. - The company is increasing its investment in R&D and technological upgrades, particularly in the eighth-generation continuous melting production technology[37]. - The semiconductor product development strategy remains a priority, with successful certifications from numerous international semiconductor manufacturers[95]. - The company is actively pursuing the development of special quartz materials for various applications, including infrared heating and UV curing, to capture market opportunities[46]. Market Position and Strategy - The company is focusing on expanding its product offerings in high-end quartz materials for photovoltaic and semiconductor applications, enhancing its competitive edge[39]. - The company maintains a leading market share in high-purity quartz materials for the photovoltaic industry, with a production capacity of 60,000 tons/year expected to further increase market share[50]. - The semiconductor sector is projected to grow significantly, with the company expanding its product certification and market promotion efforts, aiming to increase its market share in semiconductor quartz materials[52]. - The company has developed advanced quartz materials for various applications, including high-end light sources and optical products, enhancing its market position in these sectors[53]. Governance and Management - The company continues to maintain a strong governance structure with a focus on transparency and accountability in its financial reporting[118]. - The company has established specialized committees, including an audit committee and a strategic committee, to enhance governance[131]. - The company has a structured governance with independent directors and supervisors, ensuring effective oversight and compliance with corporate governance standards[123]. - The company has established an investor hotline to enhance communication with investors and gather feedback on operations and future development[106]. Shareholder Information - The company plans to distribute a cash dividend of CNY 8.75 per 10 shares, totaling approximately CNY 316.12 million[7]. - The actual cash dividend distributed was 84,923,925.93 RMB, based on the total share capital of 353,147,440 shares[143]. - The total cash dividend amount represents 30.04% of the net profit attributable to ordinary shareholders in the consolidated financial statements[146]. - The total number of shares held by Chairman Chen Shibin remained unchanged at 99,537,682 shares, with a pre-tax compensation of 1,006,500 RMB for the reporting period[115]. Risks and Challenges - The company faces macroeconomic risks due to slow global recovery and geopolitical tensions, which may impact market demand and profitability[98]. - There are risks associated with capacity expansion, including potential market demand shortfalls and increased depreciation costs affecting net profit[99]. - The company is actively managing accounts receivable risks, which may increase with sales growth and could lead to bad debts if customer performance declines[101]. Corporate Social Responsibility - Total charitable contributions amounted to 7.1445 million yuan, benefiting 1,500 individuals[152]. - The company donated 5 million yuan to the Donghai County Red Cross for epidemic prevention efforts[153]. - An additional 2 million yuan was donated to the Donghai County Charity Federation for charitable initiatives[154].

Financial Performance - Revenue for Q3 2022 reached ¥536,601,266.29, an increase of 125.09% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥281,234,561.05, reflecting a significant increase of 347.94% year-over-year[4] - The net profit excluding non-recurring gains and losses for Q3 2022 was ¥279,390,070.68, up 371.77% from the previous year[4] - Basic earnings per share for Q3 2022 were ¥0.77, a rise of 327.78% compared to the same period last year[5] - Revenue for the year-to-date period reached ¥1,233,577,139.89, an increase of 81.53% compared to the same period last year[4] - Net profit attributable to shareholders for the year-to-date period was ¥569,819,509.38, reflecting a 224.99% increase year-over-year[4] - Operating profit for Q3 2022 was ¥672,274,679.28, compared to ¥198,591,751.59 in Q3 2021, indicating a year-over-year increase of about 237.5%[19] - Net profit attributable to shareholders of the parent company for Q3 2022 was ¥569,819,509.38, up from ¥175,334,116.56 in Q3 2021, reflecting an increase of approximately 225.5%[20] - Net profit for the first three quarters of 2022 was ¥540,776,288.79, up from ¥143,079,457.38 in 2021, marking an increase of 277.5%[29] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥3,074,203,797.82, representing a 25.64% increase from the end of the previous year[5] - The company's total assets as of September 30, 2022, amount to 3,074,203,797.82 RMB, an increase from 2,446,844,288.95 RMB at the end of 2021[14] - Current assets total 1,903,797,942.22 RMB, up from 1,469,484,126.60 RMB year-over-year[15] - The company's total liabilities as of Q3 2022 amounted to ¥275,075,120.96, slightly higher than ¥266,504,685.60 in the previous year[17] - The total liabilities of the company as of the third quarter of 2022 were ¥283,560,350.80, compared to ¥255,528,295.26 in the previous year, reflecting a rise of 10.9%[28] - The total equity attributable to shareholders of the parent company reached ¥2,781,730,629.88, compared to ¥2,180,339,603.35 in the same period last year, marking an increase of about 27.6%[17] - The company's total equity increased to ¥2,702,845,674.40 in the third quarter of 2022, up from ¥2,130,497,868.46 in 2021, representing a growth of 26.8%[28] Cash Flow - The company reported a net cash flow from operating activities of ¥196,911,345.67 for the year-to-date period, an increase of 178.12%[5] - Cash flow from operating activities for the first three quarters of 2022 was ¥840,275,554.21, compared to ¥510,733,161.47 in the same period of 2021, indicating an increase of about 64.5%[21] - The net cash flow from operating activities was ¥196,911,345.67, an increase of 178.0% compared to ¥70,799,911.12 in the previous year[22] - Total cash inflow from operating activities reached ¥851,802,172.36, up from ¥518,695,594.83, reflecting a growth of 64.1%[22] - Cash outflow for operating activities was ¥654,890,826.69, compared to ¥447,895,683.71, representing an increase of 46.2%[22] - The company experienced a net cash outflow from investing activities of ¥86,569,848.21 in the first three quarters of 2022, an improvement from a net outflow of ¥178,379,565.89 in 2021[31] Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,336[10] - The largest shareholder, Chen Shibin, holds 99,537,682 shares, representing 27.55% of total shares[10] - The company is focused on maintaining a strong shareholder base, with the top ten shareholders holding a significant portion of shares[10] Research and Development - Research and development expenses for Q3 2022 were ¥41,780,376.08, an increase from ¥29,146,240.49 in Q3 2021, representing a growth of approximately 43.4%[18] - Research and development expenses increased to ¥31,397,122.17 in the first three quarters of 2022, up from ¥23,782,595.77 in 2021, indicating a focus on innovation[27] Revenue Growth Drivers - The company attributed the revenue growth primarily to increased sales of photovoltaic and semiconductor products[9] Other Information - There are no significant new strategies or product developments mentioned in the current report[12] - The company's cash and cash equivalents are reported at 233,343,073.34 RMB, compared to 189,334,282.39 RMB in the previous year[14] - Accounts receivable increased to 260,309,968.57 RMB from 202,021,037.98 RMB year-over-year[14] - The company has a significant increase in financing receivables, which rose to 442,115,541.33 RMB from 164,598,930.39 RMB[15] - The total cash and cash equivalents at the end of the period amounted to ¥233,343,073.34, an increase from ¥193,454,133.68[23]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 696,975,873.60, representing a year-on-year increase of 58.00% compared to CNY 441,130,452.31 in the same period last year[21]. - The net profit attributable to shareholders of the listed company reached CNY 288,584,948.33, a significant increase of 156.40% from CNY 112,550,818.31 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 289,439,311.41, reflecting a growth of 180.30% compared to CNY 103,260,405.14 in the same period last year[24]. - The net cash flow from operating activities increased to CNY 54,214,473.87, a substantial rise of 366.06% from CNY 11,632,547.65 in the previous year[21]. - The basic earnings per share for the first half of 2022 was CNY 0.81, up 154.00% from CNY 0.32 in the same period last year[23]. - The diluted earnings per share was CNY 0.80, representing an increase of 158.66% compared to CNY 0.31 in the previous year[23]. - The weighted average return on net assets increased to 12.40%, up by 6.79 percentage points from 5.61% in the same period last year[23]. - The total assets of the company at the end of the reporting period were CNY 2,758,952,493.45, an increase of 12.76% from CNY 2,446,844,288.95 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company were CNY 2,431,784,110.36, reflecting an increase of 11.53% from CNY 2,180,339,603.35 at the end of the previous year[22]. Revenue Sources - The revenue from semiconductor products increased by CNY 43,533,300, representing a year-on-year growth of 63.83%, while revenue from photovoltaic products surged by CNY 240,921,900, marking a 213.30% increase compared to the previous year[24]. - The company achieved a profit of ¥1,847,900.23 from entrusted investment or asset management[27]. - The company reported a total profit of ¥338,897,125.06 for the first half of 2022, compared to ¥127,905,740.39 in the same period of 2021, an increase of 164.3%[130]. Production and Capacity Expansion - The company is expanding its production capacity with a second phase of 20,000 tons/year and a third phase of 60,000 tons/year for quartz materials, aiming to increase market share in the photovoltaic sector[32]. - The company is expanding its production capacity with a new project of 60,000 tons/year of quartz materials to meet the growing market demand[50]. - The company is accelerating the construction of a 60,000 tons/year phase three project to meet market demand for high-end quartz materials[53]. - The company is expanding its production capacity with projects for 6,000 tons/year of electronic-grade quartz and 60,000 tons/year of high-purity quartz sand, which may enhance competitiveness[70]. Research and Development - R&D expenses increased by 34.55% to CNY 22.63 million, driven by investments in fiber semiconductor product development[55]. - The company is committed to continuous R&D in special quartz materials to strengthen its market leadership in high-end light source applications[30]. - The company has developed advanced quartz materials for optical applications, meeting the increasing quality demands from optical enterprises[31]. Market Position and Strategy - The company has maintained a leading position in the domestic market for quartz materials used in photovoltaic applications, driven by high demand due to the growth of the single crystal market[32]. - The semiconductor materials market is expected to grow significantly, with the company focusing on product certification and market promotion to increase its market share[35]. - The company is focusing on enhancing its marketing team and management system to strengthen its competitive advantage in the quartz industry[53]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[132]. Financial Health and Stability - The company's debt-to-asset ratio as of June 30, 2022, was 11.29%, indicating a stable financial structure[118]. - The company maintained a credit rating of "AA-" with a stable outlook from China Chengxin International Credit Rating Co., Ltd[118]. - The company has sufficient funds to repay the principal and interest of the bonds, indicating good liquidity[118]. - The total liabilities amounted to CNY 311,383,089.07, up from CNY 266,504,685.60, marking an increase of around 16.8%[123]. - The total liabilities at the end of the reporting period were CNY 1,485,000,000, which reflects a manageable debt level relative to the company's equity[152]. Governance and Compliance - The company has established a multi-tier governance structure, including a board of directors, supervisory board, and management team[168]. - The financial statements were approved for external release by the board of directors on August 17, 2022[168]. - The company confirms that there are no significant doubts regarding the assumption of going concern for the next 12 months[171]. - The company has committed to fully compensating any losses incurred due to tax liabilities imposed by tax authorities related to its predecessor, ensuring compliance with tax obligations[83]. Shareholder Information - The total number of unrestricted circulating shares increased from 353,147,440 to 356,494,008, reflecting an increase of 3,346,568 shares, which is approximately 0.95%[98]. - The top ten shareholders include Chen Shibin with 99,537,682 shares (27.92%) and Futeng Development Co., Ltd. with 81,990,000 shares (23.00%), indicating significant ownership concentration[104]. - The company did not distribute profits or increase capital reserves for the first half of 2022, with a proposed distribution of 0 shares and 0 yuan per 10 shares[76]. Legal and Regulatory Matters - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[92]. - The company has not engaged in any non-operating fund occupation or provided any guarantees that would violate regulations during the reporting period[91]. - The company will not engage in related party transactions unless strictly following legal procedures and ensuring fair market conditions[85]. Cash Flow and Investments - The company’s cash flow from operating activities surged by 366.06% to CNY 54.21 million, primarily due to increased cash receipts from sales[55]. - The total cash outflow from investing activities was CNY 154,497,286.40, a decrease of 69.0% compared to CNY 498,845,334.34 in the previous year[138]. - The company received CNY 4,263,257.09 in tax refunds, significantly higher than CNY 221,673.48 in the first half of 2021[137]. Accounting and Financial Reporting - The financial statements prepared by the company comply with the requirements of the accounting standards, reflecting the true financial position and operating results[173]. - The company applies the acquisition method for business combinations, recognizing goodwill when the acquisition cost exceeds the fair value of identifiable net assets[179]. - The company assesses whether multiple transactions should be treated as a single transaction for accounting purposes[182].

Financial Performance - The company's operating revenue for 2021 was CNY 960,680,919.12, representing a 48.81% increase compared to CNY 645,566,605.15 in 2020[21] - The net profit attributable to shareholders for 2021 was CNY 280,975,394.77, a 49.37% increase from CNY 188,109,814.89 in 2020[21] - The basic earnings per share for 2021 was CNY 0.80, up 48.15% from CNY 0.54 in 2020[22] - The total assets at the end of 2021 were CNY 2,446,844,288.95, reflecting a 12.58% increase from CNY 2,173,522,900.93 at the end of 2020[21] - The company's net assets attributable to shareholders increased to CNY 2,180,339,603.35, a 12.01% rise from CNY 1,946,593,645.73 in 2020[21] - The cash dividends proposed for distribution are CNY 2.39 per 10 shares, totaling an estimated CNY 84,402,238.16[5] - The net cash flow from operating activities for 2021 was CNY 44,120,123.27, a 34.76% increase from CNY 32,739,493.57 in 2020[21] - The weighted average return on equity for 2021 was 13.14%, compared to 10.86% in 2020, indicating improved profitability[22] Revenue Growth Drivers - The company's operating revenue increased by CNY 315.11 million, a year-on-year growth of 48.81%, primarily driven by significant increases in quartz sand revenue, which rose by CNY 158.79 million (110.95% growth) [23] - The net profit attributable to shareholders grew by 49.37%, mainly due to the increase in operating revenue [23] - The net profit after deducting non-recurring gains and losses surged by 94.06%, reflecting a substantial increase in operating net profit compared to the previous year [24] - Earnings per share increased by 48.15%, attributed to the growth in net profit [25] - The net cash flow from operating activities saw a notable increase, primarily due to higher cash receipts from sales of goods and services [24] Market and Industry Trends - The global light source market reached $31.98 billion in 2021 and is expected to grow to $43.9 billion by 2028, with a CAGR of 4.2% from 2022 to 2028[49] - The demand for sterilization and disinfection products has surged, leading to a new high in the market for natural and synthetic fused quartz tubes[39] - The global semiconductor sales reached a record high of $555.9 billion in 2021, with a year-on-year growth of 26.2%, and China's market sales amounted to $192.5 billion, growing by 27.1%[57] - The demand for high-end quartz materials in the semiconductor industry is expected to continue to grow, with an average consumption of $500,000 worth of high-end quartz materials for every $100 million of electronic information products produced[58] Production and Capacity Expansion - The company has achieved a production capacity expansion of 20,000 tons per year for high-purity quartz sand, which is expected to further increase market share in the photovoltaic sector[39] - The company aims to achieve production capacity of 6,000 tons/year for semiconductor quartz products and 20,000 tons/year for high-purity quartz sand by 2022[130] - The company is planning to expand its high-purity quartz sand capacity by an additional 15,000 tons/year to capitalize on market opportunities[74] Research and Development - Research and development expenses increased by 25.01% to 39.43 million RMB, driven by investments in fiber semiconductor product development[82] - The company is focusing on developing new types of semiconductor quartz materials to meet the growing demand in the semiconductor industry[41] - The company is committed to increasing investment in quartz materials for optical communications, aiming for both volume and price growth in the fiber optic market[66] Corporate Governance and Compliance - The company has established a compensation management system for directors, supervisors, and senior management, and improved its governance structure during the reporting period[141] - The company held 1 annual general meeting and 2 extraordinary general meetings, ensuring compliance with legal requirements and protecting shareholder rights[142] - The company disclosed 4 annual reports and 87 interim announcements, ensuring timely and accurate information for investors[146] Employee Engagement and Remuneration - The total remuneration for the chairman and general manager was reported at 101.27 million yuan for the year[154] - The total remuneration for the independent director Wang Xu was reported at 7.50 million yuan[155] - The company has a performance-based salary system linked to monthly and annual targets, with adjustments based on industry salary levels[174] Strategic Initiatives - The company is actively seeking mergers, acquisitions, and partnerships to enhance its competitive position and achieve sustainable development[131] - The company is considering strategic acquisitions to enhance its product portfolio, with a target of acquiring two companies by the end of the fiscal year[158] - The company is investing heavily in R&D, with a budget allocation of 300 million for new technologies and product development in the upcoming fiscal year[158] Risk Management - The company faces macroeconomic risks, including potential impacts from global economic instability and trade frictions, which could affect market demand and profitability[134] - There is a risk of accounts receivable increasing due to sales contracts tied to product performance and customer credit, which may lead to bad debts if downstream enterprises experience financial difficulties[138] Social Responsibility - The company actively participates in social welfare initiatives and promotes environmental protection and low-carbon development[192] - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 25% over the next five years[158]

Financial Performance - The company's revenue for Q3 2021 reached ¥238,397,262.96, representing a 48.27% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥62,783,298.25, a significant increase of 126.70% year-over-year[4] - The basic earnings per share (EPS) for the quarter was ¥0.18, reflecting a 157.14% increase compared to the previous year[5] - Total operating revenue for the first three quarters of 2021 reached ¥679,527,715.27, a significant increase of 44.5% compared to ¥470,066,570.42 in the same period of 2020[15] - Net profit for the third quarter of 2021 was ¥175,334,116.56, representing a 17.7% increase from ¥148,881,748.59 in the same quarter of 2020[19] - Basic earnings per share for the third quarter of 2021 were ¥0.50, compared to ¥0.43 in the same period of 2020[20] - The company reported a profit before tax of ¥199,252,913.24 for the first three quarters of 2021, compared to ¥171,212,635.38 in the same period of 2020, marking a growth of 16.4%[18] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,366,599,838.81, an increase of 8.88% from the end of the previous year[5] - The total current assets as of September 30, 2021, amounted to CNY 1,412,986,326.89, an increase from CNY 1,303,522,170.11 at the end of 2020, reflecting a growth of approximately 8.4%[12] - The total assets of the company as of September 30, 2021, were CNY 2,366,599,838.81, compared to CNY 2,173,522,900.93 at the end of 2020, reflecting a growth of approximately 8.9%[13] - Current liabilities totaled CNY 155,892,483.42, significantly higher than CNY 91,847,921.42 from the previous year, indicating an increase of about 69.8%[14] - The total liabilities increased to ¥294,384,061.24 in Q3 2021, up from ¥226,929,255.20 in Q3 2020, reflecting a growth of 30%[15] Equity and Shareholder Information - The total equity attributable to shareholders increased to ¥2,072,215,777.57, a rise of 6.45% compared to the end of the previous year[5] - The total equity attributable to shareholders reached ¥2,072,215,777.57, an increase of 6.5% from ¥1,946,593,645.73 in the previous year[15] - The total number of ordinary shareholders at the end of the reporting period was 13,216[9] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥70,799,911.12[5] - Cash inflow from operating activities for the first three quarters of 2021 was CNY 518,695,594.83, a significant increase from CNY 356,599,379.46 in the same period of 2020, representing a growth of approximately 45.3%[21] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 70,799,911.12, compared to a negative cash flow of CNY -862,406.23 in the same period of 2020[21] - Cash outflow from financing activities was CNY 60,004,421.79 in 2021, compared to CNY 50,571,217.65 in 2020, showing an increase of approximately 18.5%[22] - The total cash outflow from operating activities was CNY 447,895,683.71 in 2021, compared to CNY 357,461,785.69 in 2020, marking an increase of about 25.3%[21] Investments and Expenses - Research and development expenses for the first three quarters of 2021 amounted to ¥29,146,240.49, up from ¥25,808,905.50 in the same period of 2020, indicating a focus on innovation[17] - The company received government subsidies amounting to ¥816,694.51 during the quarter[6] - The company reported a significant increase in contract liabilities, which rose to CNY 56,519,646.36 from CNY 7,031,564.58, reflecting a growth of approximately 704.5%[14] Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 193,454,133.68 from CNY 381,913,599.85, representing a decline of about 49.3% year-over-year[12] - The ending cash and cash equivalents balance as of the end of the third quarter of 2021 was CNY 193,454,133.68, up from CNY 154,907,442.58 at the end of the same period in 2020[22] - The company received CNY 12,254,243.54 in cash from investment income, which is an increase from CNY 8,257,388.55 in the previous year, representing a growth of approximately 48.3%[22] - Cash received from tax refunds was CNY 5,082,389.44 in 2021, compared to CNY 615,455.96 in 2020, indicating a substantial increase[21] Accounting Practices - The company did not apply the new leasing standards in 2021, indicating a continuation of previous accounting practices[23] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[11]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥441,130,452.31, representing a 42.63% increase compared to ¥309,281,536.77 in the same period last year[13]. - The net profit attributable to shareholders of the listed company decreased by 7.13% to ¥112,550,818.31 from ¥121,187,207.15 in the previous year[13]. - The net profit after deducting non-recurring gains and losses increased by 56.46% to ¥103,260,405.14 from ¥65,998,351.98 in the same period last year[13]. - The basic earnings per share for the first half of 2021 was ¥0.32, down 11.11% from ¥0.36 in the previous year[15]. - The total operating revenue for the first half of 2021 reached ¥441,130,452.31, a significant increase of 42.5% compared to ¥309,281,536.77 in the same period of 2020[98]. - The net profit for the first half of 2021 was CNY 112,550,818.31, a decrease of 7.4% compared to CNY 121,187,207.15 in the first half of 2020[100]. - The total comprehensive income for the first half of 2021 was CNY 112,550,818.31, compared to CNY 121,187,207.15 in the first half of 2020, showing a decrease of 7.4%[100]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,241,779,488.19, a 3.14% increase from ¥2,173,522,900.93 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company increased by 3.09% to ¥2,006,830,221.21 from ¥1,946,593,645.73 at the end of the previous year[14]. - The company's total assets reached approximately ¥2.24 billion, an increase from ¥2.17 billion at the end of 2020[93]. - Total liabilities were approximately ¥234.95 million, compared to ¥226.93 million at the end of 2020[93]. - The company's total equity amounted to approximately ¥2.01 billion, up from ¥1.95 billion at the end of 2020[93]. - The company's cash and cash equivalents decreased by 60.47% to ¥150,985,760.86, mainly due to investments in financial products[40]. Market and Industry Trends - The revenue from quartz products increased significantly, with quartz tube revenue rising by 33.53% and quartz sand revenue increasing by 70.77% compared to the previous year[16]. - The semiconductor materials segment is expected to be a key growth driver, with products successfully certified by major industry players such as Tokyo Electron and Lam Research[21]. - The demand for quartz materials in the infrared heating and UV curing markets is expected to rise due to increased health and safety awareness post-COVID-19[19]. - The photovoltaic industry is projected to see significant growth, with solar power expected to account for approximately 25% of total electricity by 2050, up from 2.4% currently[23]. - The global semiconductor sales reached $433.1 billion in 2020, with a year-on-year growth of 5.05%[24]. - The global fiber optic cable market is projected to reach $27.88 billion by 2025, with a compound annual growth rate (CAGR) of 11.7%[24]. Research and Development - Research and development expenses increased by 24.96% to ¥16,818,478.10, attributed to expenditures on fiber semiconductor product development[38]. - The company is committed to continuous R&D investment to capture growth opportunities in the semiconductor and optical fiber markets[21]. - The company aims to enhance its competitive edge in the optical fiber sector by leveraging unique manufacturing technologies and increasing investment in R&D[20]. - The company is focusing on enhancing customer satisfaction and exploring new markets through digital tools, adapting to the dual circulation of domestic and international economic development[33]. Strategic Initiatives - The company is positioned to form long-term strategic partnerships with leading photovoltaic enterprises, driven by its comprehensive solution capabilities[20]. - The company has optimized its supply chain for quartz materials, ensuring stable delivery and quality assurance for the photovoltaic industry[20]. - The company is actively developing emerging markets and fields to reduce reliance on traditional light sources, leveraging its complete industrial chain in quartz materials[23]. - The company is focusing on expanding its market share in high-end quartz materials for various applications, including UV disinfection and high-quality analysis lamps[19]. Risks and Challenges - The company faces macroeconomic risks due to global trade tensions and the ongoing impact of the COVID-19 pandemic, which may affect overseas market operations[47]. - The company is facing significant downward pressure due to macroeconomic factors affecting the quartz industry, which may impact future profitability[48]. - There is a potential risk of increased accounts receivable due to the nature of sales contracts and the cyclical nature of the photovoltaic industry, which could lead to delayed payments[51]. Shareholder Information - The total number of ordinary shareholders reached 17,967 by the end of the reporting period[74]. - The largest shareholder, Chen Shibin, holds 99,537,682 shares, representing 28.20% of the total shares[75]. - The company issued convertible bonds that began conversion on May 1, 2020, leading to changes in the number of ordinary shares during the reporting period[73]. - The top ten shareholders collectively hold significant stakes, with the largest three shareholders owning over 55% of the total shares[75]. Compliance and Governance - The company has made commitments to ensure compliance with regulatory requirements regarding profit compensation measures and will adapt to any new regulations from the China Securities Regulatory Commission[65]. - The company has established a multi-tier governance structure, including a board of directors and specialized committees[124]. - The company has ensured that no related party transactions will occur unless strictly necessary and in compliance with relevant laws[63]. Accounting Policies - The company adheres to the Chinese Accounting Standards and ensures that the financial statements accurately reflect its financial position and operating results[129]. - The company applies the effective interest method for measuring financial liabilities at amortized cost, with gains or losses recognized upon derecognition or amortization[140]. - The company recognizes government grants upon actual receipt or when there is clear evidence of eligibility for the funds[179]. - The company adopts the total amount method for accounting government subsidies, recognizing related subsidies as deferred income and amortizing them over the useful life of the related assets[180].

Financial Performance - Operating revenue rose by 48.94% to CNY 207,665,560.99 year-on-year[5] - Net profit attributable to shareholders increased by 35.56% to CNY 42,389,287.17 compared to the same period last year[5] - Basic earnings per share increased by 33.33% to CNY 0.12, while diluted earnings per share rose by 22.22% to CNY 0.11[5] - Operating revenue for Q1 2021 was ¥207,665,560.99, a 48.94% increase from ¥139,426,553.92 in Q1 2020, driven by growth in quartz product sales[14] - Net profit for Q1 2021 reached ¥42,389,287.17, representing a 35.5% increase from ¥31,270,079.19 in Q1 2020[25] - Total comprehensive income for Q1 2021 was RMB 35,158,579.36, compared to RMB 28,179,006.14 in Q1 2020[28] Assets and Liabilities - Total assets increased by 1.86% to CNY 2,214,013,412.73 compared to the end of the previous year[5] - Total assets as of March 31, 2021, amounted to ¥2,214,013,412.73, up from ¥2,173,522,900.93 at the end of 2020[16] - Total liabilities decreased to ¥225,093,042.20 in Q1 2021 from ¥229,159,355.09 in Q1 2020[20] - Total equity increased to ¥1,966,823,886.74 in Q1 2021, up from ¥1,927,831,535.63 in Q1 2020[20] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of -CNY 2,413,663.58, an 89.83% increase compared to the previous year[5] - Cash flow from operating activities showed a net outflow of RMB 2,413,663.58 in Q1 2021, an improvement from a net outflow of RMB 23,742,040.19 in Q1 2020[30] - The company reported a decrease in cash and cash equivalents to ¥289,502,699.98 from ¥381,913,599.85, indicating a liquidity contraction[15] - The cash and cash equivalents at the end of the period amounted to 280,592,727.26, down from 372,690,509.75 at the beginning of the period, indicating a decrease of approximately 24.7%[34] - The net increase in cash and cash equivalents was -92,097,782.49, reflecting a significant cash outflow[34] Shareholder Information - The total number of shareholders reached 22,890 at the end of the reporting period[11] - The largest shareholder, Chen Shibin, holds 28.20% of the shares, with 99,537,682 shares pledged[11] Research and Development - R&D expenses surged by 89.62% to ¥8,324,326.47 from ¥4,390,109.45, reflecting increased investment in research and development activities[14] - Research and development expenses for Q1 2021 were ¥8,324,326.47, an increase from ¥4,390,109.45 in Q1 2020[24] - Research and development expenses increased to RMB 6,854,454.95, representing a 75.5% rise compared to RMB 3,900,379.11 in Q1 2020[27] Government Subsidies and Non-Recurring Items - The company received government subsidies amounting to CNY 817,091.89, which are closely related to its normal operations[8] - Non-recurring gains and losses totaled CNY 1,996,335.43 for the reporting period[9] Operational Costs - Operating costs increased by 53.57% to ¥123,832,437.51 from ¥80,636,900.08, mainly due to higher sales volume of quartz products[14] - Total operating costs for Q1 2021 were ¥157,102,627.29, up 51.7% from ¥103,587,173.94 in Q1 2020[24] Investment Activities - Investment income fell by 56.35% to ¥1,112,994.55 from ¥2,550,004.97, primarily due to reduced returns from financial products maturing during the period[14] - Investment activities resulted in a net cash outflow of RMB 90,728,278.00 in Q1 2021, compared to a net outflow of RMB 13,597,370.48 in Q1 2020[30] Other Financial Metrics - The weighted average return on equity increased by 0.14 percentage points to 2.15%[5] - The company reported a credit impairment loss of ¥-2,405,496.43 in Q1 2021, compared to ¥-944,971.22 in Q1 2020[24] - The company’s cash flow from operating activities remains strong, supporting ongoing investments and operational stability[23]