Financial Performance - The company's operating revenue for the first half of 2017 was RMB 386.73 million, an increase of 86.89% compared to RMB 206.93 million in the same period last year[15]. - The net profit attributable to shareholders of the listed company was RMB 16.16 million, a decrease of 3.73% from RMB 16.79 million in the previous year[15]. - The company reported a basic earnings per share of RMB 0.2203, down 19.80% from RMB 0.2747 in the same period last year[16]. - The company’s net profit after deducting non-recurring items was ¥15,356,319.95, a growth of 4.22% from ¥14,734,054.52 in the previous year[28]. - The company reported a net profit of 18.74 million yuan for the first half of 2017, which is below the promised target of 420 million yuan for the year[79]. - The company expects to achieve a net profit of 20 million yuan for East River Energy in 2017, aligning with the performance commitment made during the acquisition[81]. Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 16.48 million, a decline of 201.33% compared to RMB 16.26 million in the same period last year[15]. - The company’s cash and cash equivalents decreased by 52.33% year-on-year to approximately ¥130.26 million, indicating a reduction in liquidity[44]. - The net cash flow from operating activities decreased by 201.33% year-on-year, resulting in a negative cash flow of approximately -¥16.48 million, primarily due to increased inventory levels[41]. - The net cash flow from financing activities was 64,412,595.78 RMB, a decrease of 64.5% compared to 181,688,169.60 RMB in the previous period[126]. - The total cash inflow from investment activities was 56,610,000.00 RMB, down 24.8% from 75,301,000.00 RMB in the previous period[126]. Assets and Liabilities - Total assets increased by 20.65% to RMB 1.21 billion from RMB 1.00 billion at the end of the previous year[15]. - The company’s net assets attributable to shareholders increased slightly by 0.14% to RMB 634.69 million from RMB 633.78 million at the end of the previous year[15]. - Total liabilities increased to ¥551,420,693.41 from ¥351,053,587.81, showing a growth of about 57.1%[112]. - Current liabilities rose to ¥477,741,507.96 from ¥338,153,325.41, an increase of approximately 41.4%[112]. - The company’s total assets at the end of the reporting period were reported at 617,554.6 million, reflecting a solid asset base for future growth[136]. Acquisitions and Business Expansion - The company acquired Dongjiang Energy in January 2017, which produces fatty acid methyl esters (biodiesel), enhancing its supply chain for environmentally friendly plasticizers[20]. - The company completed the acquisition of 100% equity in Dongjiang Energy, which is expected to provide stable and cost-effective raw materials for its environmentally friendly plasticizer business[27]. - The company has signed export orders for nearly 20,000 tons of biomass energy products, which are anticipated to become a significant profit growth point in 2017[31]. - The company plans to further expand both domestic and international markets for environmentally friendly plasticizers and biomass fuels in the second half of 2017[34]. Market and Competition - The market share of epoxy plasticizers in East China remains in the top three, indicating a strong competitive position[32]. - The company faces risks from intensified market competition and fluctuations in raw material prices, which could impact production costs[53]. - The company's product pricing is based on raw material costs, with adjustments made according to market supply and demand; significant fluctuations in soybean oil, fatty acid methyl esters, and octanol prices could pose risks to sustained profitability[54]. Shareholder and Corporate Governance - The 2016 annual shareholders' meeting had 17 attendees representing 55,045,000 shares, accounting for 75.04% of total shares, and approved 11 resolutions[57]. - The company will initiate a share buyback within 10 days after the relevant facts are recognized by the China Securities Regulatory Commission or other competent authorities[62]. - The company will establish an investor compensation fund to actively compensate investors for direct economic losses suffered[62]. - The company has implemented a stock price stabilization plan to protect investors, particularly small shareholders, if the stock price falls below the audited net asset value per share for 20 consecutive trading days[63]. Legal and Compliance Issues - The company is currently involved in litigation regarding equity transfer disputes, which may impact current and future profits; the outcome remains uncertain[55]. - The company is involved in a significant lawsuit regarding a stock transfer dispute, with the case accepted by the Jiaxing Intermediate People's Court on June 21, 2017[73]. - The company has committed to fulfilling its obligations regarding compensation measures and will bear legal responsibilities for any losses caused to investors due to violations of these commitments[71]. Research and Development - R&D expenditure rose by 79.58% year-on-year, amounting to approximately ¥9.31 million, reflecting the company's commitment to innovation[42]. - The company has established a mature technology innovation mechanism, but the development of new products and technologies requires substantial human and financial investment, with uncertain outcomes and challenges in timely industrialization and scaling[54]. Financial Reporting and Accounting - The company’s financial statements are prepared based on the assumption of going concern, adhering to relevant accounting standards and regulations[146]. - The company uses Renminbi as its functional currency for financial reporting[153]. - The company’s financial instruments are measured using valuation techniques when there is no active market available[166]. - The company assesses the carrying value of financial assets for impairment at each balance sheet date, recognizing impairment losses when objective evidence indicates a decline in value[170].

Financial Performance - Operating revenue surged by 93.04% to CNY 183,161,516.20 year-on-year[6] - Net profit attributable to shareholders of the listed company rose by 40.73% to CNY 4,305,788.12[6] - Basic earnings per share decreased by 32.85% to CNY 0.0599[6] - The company's total assets as of March 31, 2017, amounted to CNY 1,033,994,389.31, compared to CNY 986,398,786.42 at the beginning of the year, indicating a growth of 4.8%[25] - The net profit for Q1 2017 was CNY 8,084,978.57, an increase of 35.1% compared to CNY 5,983,318.62 in the same period last year[29] - The company reported a total profit of CNY 9,511,739.50, compared to CNY 7,018,753.76 in Q1 2016, reflecting a growth of 35.5%[29] Assets and Liabilities - Total assets increased by 12.20% to CNY 1,122,241,904.58 compared to the end of the previous year[6] - The company's total liabilities rose to CNY 484,184,109.13 from CNY 351,053,587.81, with a notable increase in accounts payable by 67.69% to CNY 22,488,827.49[20] - The company's long-term equity investments increased significantly to CNY 289,350,000.00 from CNY 89,350,000.00, indicating a growth of 224.5%[24] Cash Flow - Cash flow from operating activities improved significantly, with a reduction in losses by 74.53% to CNY -10,421,586.84[6] - The net cash flow from operating activities improved by 74.53%, reaching CNY -10,421,586.84, compared to CNY -40,916,634.40 in the previous period[15] - Cash and cash equivalents at the end of the period totaled CNY 106,573,495.01, compared to CNY 54,274,345.09 at the end of Q1 2016[33] - The cash flow from financing activities decreased by 55.17% to CNY 5,009,703.03, primarily due to cash dividend payments[15] Operational Changes - Accounts receivable increased by 72.16% to CNY 77,498,490.24, attributed to increased sales and acquisition of Dongjiang Energy[12] - Inventory grew by 41.45% to CNY 224,470,795.34 due to expanded operations and the acquisition of 100% equity in Dongjiang Energy[12] - Goodwill increased by 444.84% to CNY 78,893,644.57, primarily due to the premium acquisition of Dongjiang Energy[12] - The company completed the acquisition of Dongjiang Energy, which contributed CNY 53.44 million in revenue but incurred a net loss of CNY 1.0563 million due to significant receivables and asset impairment losses[15][16] - The management expenses surged by 135.00% to CNY 13,397,938.53, mainly due to increased R&D and depreciation costs[14] - The company is focusing on improving the operational efficiency of its subsidiaries, Dongjiang Energy and Guangdong Ruotian, which are under performance commitments[16] Revenue and Costs - The operating costs increased by 101.73% to CNY 157,376,716.52, primarily due to increased sales volume and costs associated with the acquisition of Dongjiang Energy[14] - Total operating costs for Q1 2017 were CNY 184,397,055.96, up from CNY 91,519,442.12, reflecting a significant increase in costs[26] - Total operating expenses increased to CNY 182,182,058.14, up from CNY 103,675,107.05 in Q1 2016[32] Shareholder Information - The number of shareholders reached 8,388, with the top ten shareholders holding a combined 70.73% of shares[8] - Non-recurring gains and losses totaled CNY 88,375.11 for the reporting period[8]

Financial Performance - Revenue decreased by 17.30% to CNY 324,269,875.36 for the year-to-date period compared to the same period last year[6] - Net profit attributable to shareholders decreased by 14.52% to CNY 23,968,374.60 compared to the same period last year[7] - Basic earnings per share decreased by 18.55% to CNY 0.4227 compared to the same period last year[7] - Total operating revenue for Q3 2016 was CNY 117,338,844.11, a decrease of 14.1% compared to CNY 136,524,898.51 in Q3 2015[23] - Net profit for the first nine months of 2016 was CNY 31,734,509.31, compared to CNY 33,777,190.42 in the same period of 2015, reflecting a decline of 6.1%[23] - Total revenue for Q3 2016 was CNY 111,405,015.70, a decrease of 22% compared to CNY 142,763,229.57 in Q3 2015[26] - Operating profit for Q3 2016 was CNY 10,811,754.47, a decrease of 7.0% from CNY 11,627,458.04 in Q3 2015[23] - Operating profit for the first nine months of 2016 was CNY 34,169,575.07, compared to CNY 34,698,246.78 in the same period last year[26] Asset and Equity Growth - Total assets increased by 29.10% to CNY 986,542,314.75 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 51.48% to CNY 618,451,785.80 compared to the end of the previous year[6] - Total assets as of September 30, 2016, amounted to CNY 959,453,471.67, an increase from CNY 734,261,571.65 at the beginning of the year[19] - Shareholders' equity increased to CNY 629,747,353.03 as of September 30, 2016, compared to CNY 414,680,277.66 at the beginning of the year, representing a growth of 51.9%[19] Cash Flow and Liquidity - Net cash flow from operating activities improved by 180.76% to CNY 23,116,828.93 compared to the same period last year[6] - Cash and cash equivalents increased by 663.72% to ¥266,665,968.65 due to the arrival of funds from the initial public offering[11] - Cash flow from operating activities for the year-to-date reached ¥23,116,828.93, a significant improvement from a negative cash flow of ¥-28,624,535.14 in the same period last year[30] - The ending cash and cash equivalents balance increased to ¥266,665,968.65 from ¥34,916,914.38, demonstrating a strong liquidity position[31] - The company reported a net increase in cash and cash equivalents of ¥174,191,451.04, contrasting with a decrease of ¥-40,115,527.91 in the same period last year, highlighting improved cash management[31] Government Support and Non-Operating Income - The company received government subsidies amounting to CNY 4,376,990.55 for the year-to-date period[8] - The company reported a 621.07% increase in non-operating income to ¥4,763,609.08, mainly from government subsidies[12] - The company recorded a significant increase in non-operating income, amounting to CNY 2,137,657.15 in Q3 2016, compared to CNY 42,583.37 in Q3 2015[26] Shareholder Information - The total number of shareholders reached 14,065 by the end of the reporting period[10] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 44.65% of the shares and has pledged 7,209,022 shares[10] Cost Management - Total operating costs for Q3 2016 were CNY 106,527,089.64, down 14.7% from CNY 124,897,440.47 in Q3 2015[23] - Operating costs for Q3 2016 were CNY 88,753,517.34, down from CNY 120,470,408.76 in Q3 2015, reflecting a cost reduction strategy[26] Future Outlook - The company plans to continue its market expansion and product development initiatives in the upcoming quarters[29]

Financial Performance - The company's operating revenue for the first half of 2016 was RMB 206,931,031.25, a decrease of 19.04% compared to RMB 255,596,631.57 in the same period last year[24]. - Net profit attributable to shareholders for the first half of 2016 was RMB 16,788,476.00, down 9.45% from RMB 18,540,150.13 in the previous year[24]. - Basic earnings per share for the first half of 2016 were RMB 0.2747, a decline of 18.51% compared to RMB 0.3371 in the same period last year[21]. - The net cash flow from operating activities decreased by 58.53%, amounting to RMB 16,262,685.51 compared to RMB 39,218,396.75 in the previous year[24]. - Operating costs decreased by 21.09% year-on-year, primarily due to a reduction in procurement costs[30]. - Domestic operating revenue declined by 17.77%, while international revenue decreased by 27.11%[38]. Assets and Equity - The company's total assets increased by 24.96% to RMB 954,879,082.61 from RMB 764,161,455.27 at the end of the previous year[24]. - The net assets attributable to shareholders rose by 48.84% to RMB 607,679,350.25 from RMB 408,273,601.55 at the end of the previous year[24]. - The total equity attributable to the parent company increased to CNY 607,679,350.25, compared to CNY 408,273,601.55 at the end of the previous period, reflecting a growth of approximately 48.8%[134]. Fundraising and Investments - The company raised a net amount of RMB 182,617,272.70 from the issuance of 18.35 million new shares during the reporting period[22]. - The total amount of funds raised in 2016 was RMB 182.62 million, with RMB 28.03 million already utilized and RMB 154.62 million remaining[46]. - The company plans to allocate RMB 150.18 million for the "Annual Production of 60,000 Tons of Epoxy Plant Oil Plasticizer Project" and RMB 32.44 million for the "Technology Center Construction Project"[50]. - The company invested a total of RMB 29,200,000 in non-fundraising projects, with a cumulative actual investment of RMB 19,842,050[55]. Research and Development - Research and development expenses decreased by 40.30% year-on-year, attributed to different stages of R&D projects[32]. - The company has established a scientific R&D system and a mature talent training mechanism to enhance its technological innovation capabilities[42]. - The company has been actively involved in the research and development of environmentally friendly products, focusing on plasticizers and thermal stabilizers[147]. Regulatory Compliance and Governance - The company has complied with regulatory requirements regarding the management and use of raised funds, with no violations reported[47]. - The financial report was approved by the board of directors on August 24, 2016, ensuring compliance with disclosure requirements[148]. - The company has committed to improving corporate governance in accordance with relevant laws and regulations, enhancing the protection of investor interests[81]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,905[88]. - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., held 32,750,000 shares, representing 44.65% of the total shares[90]. - The company reported a lock-up period of 36 months for shareholders, during which they cannot transfer or manage their shares[63]. Financial Ratios and Stability - The current ratio improved to 2.21, a 51.37% increase compared to the previous year, primarily due to the impact of the initial public offering[107]. - The debt-to-asset ratio decreased to 36.36%, reflecting a 21.92% reduction from the previous year, also influenced by the initial public offering[107]. - The total liabilities decreased to CNY 347.20 million from CNY 355.89 million, indicating improved financial stability[115]. Future Plans and Strategies - The company is actively seeking mergers and acquisitions within the industry to promote steady development and industry consolidation[29]. - The company plans to continue its focus on environmental technology innovations and market expansion in the upcoming periods[134]. - The company aims to protect the interests of small investors through various compensation mechanisms[65]. Legal and Compliance Issues - There were no significant lawsuits, bankruptcy reorganizations, or major asset transactions reported during the period[59]. - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[57]. - The company has not encountered any warnings regarding potential losses or significant changes in net profit compared to the previous year[57]. Accounting Policies and Practices - The company has not made any changes to accounting policies or estimates during the reporting period[82]. - The company recognizes foreign currency transactions at the spot exchange rate on the transaction date, using the central parity rate published by the People's Bank of China[162]. - The company assesses financial assets for impairment at each reporting date, recognizing impairment losses in profit or loss when objective evidence indicates a decline in value[168].