Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,212,705,407.31, representing a 67.75% increase compared to ¥722,917,143.05 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was ¥55,019,127.91, up 26.00% from ¥43,664,380.26 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥52,071,976.17, reflecting a 20.07% increase from ¥43,366,325.38 in the same period last year[17]. - Basic earnings per share for the first half of 2022 were ¥0.7499, a 25.36% increase from ¥0.5982 in the same period last year[18]. - The diluted earnings per share increased by 23.58% to ¥0.7291 from ¥0.5900 in the previous year[18]. - The weighted average return on equity rose to 5.92%, an increase of 0.74 percentage points from 5.18% in the same period last year[18]. - The company's revenue for the first half of 2022 reached CNY 1,212,705,407.31, representing a year-on-year increase of 67.75%[36]. - The sales volume of environmentally friendly plasticizers decreased by 28.25% to 47,350.999 tons in the first half of 2022, with sales revenue declining by 19.45% to CNY 53,159.41 million[31]. - The company's biomass energy production increased by 86.83% to 72,537.12 tons in the first half of 2022, with sales revenue from biodiesel reaching CNY 61,826.37 million, a growth of 2,114.10%[33]. Assets and Liabilities - The company's total assets increased by 16.24% to ¥2,861,990,404.17 from ¥2,462,166,561.49 at the end of the previous year[17]. - The net assets attributable to shareholders rose by 4.65% to ¥945,660,014.21 compared to ¥903,655,425.55 at the end of the previous year[17]. - The company's total liabilities amounted to CNY 1.88 billion, compared to CNY 1.53 billion at the beginning of the year, indicating an increase of approximately 22.7%[112]. - The company's cash and cash equivalents decreased by 32.10% to CNY 228,617,512.61, indicating a tighter liquidity position[37]. - Accounts receivable increased by 61.35% compared to the end of the previous year, primarily due to the increase in operating income[38]. - Short-term borrowings increased by 47.81% compared to the end of the previous year, mainly due to an increase in bank working capital loans[38]. - Inventory increased by 34.25% compared to the end of the previous year, primarily due to an increase in finished goods[38]. - The company's total liabilities at the end of the period were 447,878,898 RMB, reflecting the company's financial obligations[150]. Cash Flow - The net cash flow from operating activities was negative at -¥56,561,139.51, compared to -¥4,388,864.15 in the same period last year, indicating a significant change in cash flow dynamics[17]. - The cash flow from operating activities showed a net outflow of CNY 56,561,139.51 in the first half of 2022, compared to a smaller outflow of CNY 4,388,864.15 in the first half of 2021[126]. - The company reported cash inflows from operating activities totaling CNY 1,382,472,293.85, up from CNY 728,955,740.70 in the previous year[125]. - Cash inflow from financing activities was CNY 383,553,173.79, compared to CNY 250,561,684.40 in the previous period, while cash outflow was CNY 391,515,494.19, leading to a net cash flow of -CNY 7,962,320.40[130]. Research and Development - The company has 20 pending national invention patents and 25 utility model patents as of June 2022, demonstrating its commitment to R&D[29]. - Research and development expenses increased by 15.18% to CNY 32,888,367.03, reflecting ongoing investment in new products and technologies[36]. - The company is investing $30 million in R&D for new technologies aimed at enhancing user experience and product efficiency[74]. - The company reported a decrease in research and development expenses to CNY 27,021,180.30 in the first half of 2022, compared to CNY 23,896,526.93 in the first half of 2021, reflecting a strategic shift in R&D investment[122]. Environmental Impact - The company reported a total wastewater discharge of 42,420 tons in the first half of 2022, a reduction from 105,630 tons in 2021[56]. - The company operates a wastewater treatment facility with a capacity of 400 tons per day, which has been functioning normally since its commissioning in January 2007[58]. - The company has committed to green manufacturing practices, aiming for zero emissions and pollution, and reducing packaging materials[64]. - The company emphasizes the recycling and reuse of waste materials in its production processes to minimize environmental impact[64]. Corporate Governance - The company held three shareholder meetings during the reporting period, including one annual meeting and two extraordinary meetings, with no proposals rejected or changes made to previous resolutions[51]. - The company appointed a new Chief Financial Officer, Wu Yimin, who also serves as the Secretary of the Board[52]. - There were no profit distribution or capital reserve transfer plans proposed for the first half of 2022[52]. - The controlling shareholder and actual controller maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[80]. Market Strategy - The company is expected to benefit from the gradual release of production capacity from its wholly-owned subsidiary's new biodiesel project in the second half of 2022[33]. - Market expansion plans include entering three new international markets by Q3 2023, projected to increase user base by 15%[73]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[75]. - Future guidance indicates a projected revenue growth of 20% year-over-year, driven by new product launches and market expansion strategies[140]. Shareholder Information - The total number of shares before the change was 73,362,554, and after the change, it increased to 73,366,697 shares due to the conversion of convertible bonds[89]. - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 29,835,498 shares, accounting for 40.67% of the total shares[92]. - The total number of shares held by the top ten unrestricted shareholders amounts to 40,000,000 shares[93]. - The company has not issued any preferred shares or bonds during the reporting period[97]. Financial Instruments and Accounting - The company classifies financial instruments based on the business model and cash flow characteristics, including financial assets measured at amortized cost and those measured at fair value[180]. - Financial liabilities can be designated at initial recognition as measured at fair value through profit or loss if it significantly reduces accounting mismatches[181]. - The company assesses the transfer of financial assets based on the retention of risks and rewards, terminating recognition if almost all risks and rewards are transferred[184]. - Expected credit losses for receivables are measured based on the entire lifetime of the financial asset, with a significant increase in credit risk triggering a full lifetime loss provision[189].

Financial Performance - The company's operating revenue for Q1 2022 was ¥516,622,293.80, representing a year-on-year increase of 62.09%[5] - The net profit attributable to shareholders for Q1 2022 was ¥28,097,973.53, an increase of 33.82% compared to the same period last year[5] - The basic earnings per share for Q1 2022 was ¥0.3830, reflecting a growth of 33.82% year-on-year[6] - The diluted earnings per share for Q1 2022 was ¥0.3693, which is a 30.60% increase from the previous year[6] - The weighted average return on equity for Q1 2022 was 3.06%, an increase of 0.54 percentage points compared to the previous year[6] - The total operating revenue for Q1 2022 reached RMB 516,622,293.80, an increase of 62.0% compared to RMB 318,726,377.14 in Q1 2021[21] - In Q1 2022, the company reported a net profit of CNY 28,586,410.35, an increase of 35% compared to CNY 21,133,561.35 in Q1 2021[22] - The operating profit for Q1 2022 was CNY 28,363,199.24, up from CNY 23,331,437.17 in the same period last year, reflecting a growth of approximately 21%[22] - The total revenue from sales of goods and services reached CNY 520,562,698.73, a significant increase of 78.5% compared to CNY 291,933,049.50 in Q1 2021[25] - The total comprehensive income for Q1 2022 was CNY 28,586,410.35, compared to CNY 21,133,561.35 in Q1 2021, reflecting an increase of approximately 35%[23] Assets and Liabilities - The total assets at the end of Q1 2022 were ¥2,569,447,969.29, up 4.36% from the end of the previous year[6] - The company's total assets as of March 31, 2022, amounted to RMB 2,569,447,969.29, compared to RMB 2,462,166,561.49 at the end of Q1 2021, reflecting a growth of 4.4%[18] - Current assets totaled RMB 1,140,634,271.35, slightly up from RMB 1,100,608,288.56 in the previous year, indicating a growth of 3.6%[16] - Current liabilities increased to RMB 1,077,526,552.02 from RMB 958,664,930.02, representing a rise of 12.4%[17] - Non-current assets reached RMB 1,428,813,697.94, an increase of 4.9% from RMB 1,361,558,272.93 in the previous year[17] - The company's total liabilities were RMB 1,600,187,284.00, compared to RMB 1,525,395,623.94 in the previous year, marking an increase of 4.9%[18] - Shareholders' equity totaled RMB 969,260,685.29, up from RMB 936,770,937.55, reflecting a growth of 3.5%[18] Cash Flow - The net cash flow from operating activities for Q1 2022 was -¥21,699,621.44, which is not applicable for year-on-year comparison[5] - The company experienced a net cash outflow from operating activities of CNY -21,699,621.44, worsening from CNY -10,442,399.71 in Q1 2021[26] - Cash and cash equivalents at the end of Q1 2022 stood at CNY 258,716,978.00, compared to CNY 237,656,285.51 at the end of Q1 2021[27] - The company reported cash and cash equivalents of approximately 336.70 million, consistent with the previous period[30] - The company reported a cash inflow from financing activities of CNY 20,429,235.53 in Q1 2022, a turnaround from a cash outflow of CNY -21,661,430.51 in Q1 2021[27] Inventory and Costs - The increase in operating revenue was primarily driven by the rise in sales volume and price of the biomass energy segment[9] - The company reported an increase in inventory of 6,039.166 tons of biodiesel, which is expected to be sold after the quarterly report[9] - Total operating costs for Q1 2022 were RMB 501,829,088.22, up 70.3% from RMB 294,851,669.50 in Q1 2021[21] - The company incurred R&D expenses of CNY 11,774,701.46 in Q1 2022, slightly down from CNY 12,574,817.18 in Q1 2021[22] - Financial expenses increased to CNY 10,350,710.13 in Q1 2022, compared to CNY 7,978,584.58 in the same quarter last year, marking a rise of approximately 30%[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,023[11] Future Outlook - The company reported a net profit margin improvement, with net profit figures to be detailed in future reports[21] - The company is focusing on expanding its market presence and enhancing product development strategies in the upcoming quarters[21] Accounting Changes - The company implemented new accounting standards affecting revenue recognition from trial production sales starting January 1, 2022[32]

Financial Performance - The company's operating revenue for 2021 was CNY 1,916,223,503.50, representing a 55.77% increase compared to CNY 1,230,146,035.65 in 2020[23]. - The net profit attributable to shareholders of the listed company reached CNY 102,057,461.61, a significant increase of 174.61% from CNY 37,165,027.64 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 100,087,474.30, up 177.00% from CNY 36,133,116.62 in 2020[23]. - The net cash flow from operating activities was CNY 39,081,740.74, recovering from a negative cash flow of CNY -72,254,309.44 in 2020[23]. - The company's total assets grew to CNY 2,462.17 million, a 21.01% increase from the previous year[24]. - The net assets attributable to shareholders of the listed company reached CNY 903.66 million, up 9.21% from the end of the previous year[24]. - The company's total revenue for the year was 1,150,522,264.95 CNY, with a year-on-year increase of 44.02% compared to 798,884,103.58 CNY in the previous year[65]. - The company's operating revenue for 2021 reached CNY 1,916.22 million, representing a year-on-year increase of 55.77%[31]. Earnings and Dividends - Basic earnings per share rose to CNY 1.3912, reflecting a growth of 174.62% year-on-year[26]. - The diluted earnings per share increased to CNY 1.3654, marking a 169.52% rise from the previous year[26]. - The company plans to distribute a cash dividend of CNY 2.79 per 10 shares, which corresponds to a cash dividend payout ratio of 39.90% of the net profit attributable to shareholders[6]. Product and Market Development - The company's main products include environmentally friendly plasticizers, stabilizers, and biomass energy, with environmentally friendly plasticizers accounting for 70.54% of total revenue[33]. - Biomass energy revenue increased by 80.67% year-on-year, driven by both sales volume and price increases, with a gross profit contribution rate of 17.76%[34]. - The sales volume of main business products, including environmentally friendly plasticizers and biomass energy products, increased by 11.65%, with sales prices rising by 38.93%[53]. - The company introduced 20 new products and processes in 2021, and filed 17 national invention patents and 5 utility model patents[46]. - The company is actively exploring competitive biomass energy products, including HVO and SAF projects, to enhance its market position[36]. Research and Development - The company holds 26 national invention patents and 39 utility model patents, indicating a strong position in technological innovation within the industry[36]. - The company organized and implemented 23 R&D projects in 2021, with a total R&D investment of 56.54 million RMB[90]. - The company has established a talent development mechanism, attracting 22 new technical and skilled personnel in 2021[37]. Environmental and Safety Measures - The company invested 5.14 million yuan in environmental and safety measures, achieving a 100% compliance rate for wastewater discharge[35]. - The company has implemented online monitoring systems for COD, ammonia nitrogen, and pH, ensuring real-time pollution discharge monitoring[164]. - The company has committed to green manufacturing practices, aiming for zero emissions and pollution through advanced production technologies and waste recycling[165]. - The company has received no administrative penalties for environmental issues during the reporting period[165]. Governance and Compliance - The company has established a comprehensive governance structure, ensuring compliance with relevant laws and regulations[118]. - The company has a detailed remuneration management system for its directors and senior management, including basic salary, performance pay, and year-end bonuses[133]. - The company has established a management control system for its subsidiaries, ensuring compliance with legal regulations and effective governance[155]. - The company has faced scrutiny from regulatory bodies, impacting its reputation and governance[135]. Shareholder Relations - The company has engaged in active communication with minority shareholders to ensure their opinions and demands are heard[154]. - The company held 8 shareholder meetings during the reporting period, with no proposals rejected or previous resolutions altered[123]. - The company has established a commitment to avoid interfering in the management activities of the listed company[179]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly for soybean oil, waste oils, and alcohols, which could impact operating performance if prices exceed expectations[113]. - The company benefits from a 70% VAT refund and a 90% income tax reduction for its biomass energy products, but changes in tax policies could affect performance[114]. - Export tax rebate policies currently provide a 13% rebate for most products, but a reduction in these rates could negatively impact operating results[115].

Financial Performance - The company's operating revenue for Q3 2021 was ¥526,288,278.47, representing a year-on-year increase of 36.32%[5] - The net profit attributable to shareholders for Q3 2021 was ¥27,888,207.48, a significant increase of 170.96% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥27,618,586.25, up 233.78% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.3825, reflecting an increase of 172.64% compared to the previous year[6] - The company's net profit for the year-to-date period reached ¥71,552,587.74, marking a 119.31% increase year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,249,205,421.52, a significant increase of 47.8% compared to ¥845,665,438.94 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥72,722,502.28, compared to ¥34,795,890.56 in the same period of 2020, representing a growth of 108.8%[20] - Earnings per share for the first three quarters of 2021 were ¥0.9815, an increase from ¥0.4448 in the same period of 2020[21] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,255,711,274.85, an increase of 10.86% from the end of the previous year[6] - Current assets as of September 30, 2021, amounted to ¥1,003,799,669.75, an increase from ¥953,590,187.67 at the end of 2020[16] - Total assets reached ¥2,255,711,274.85, up from ¥2,034,707,033.21 at the end of 2020[16] - Total liabilities as of September 30, 2021, were ¥1,351,610,018.52, compared to ¥1,169,950,392.36 in the previous year[17] - The company reported a short-term loan of ¥667,058,242.52, slightly up from ¥654,534,460.32 year-over-year[17] - Long-term borrowings increased to ¥265,829,937.92 from ¥213,548,494.13 year-over-year[17] - The company’s total equity was reported at ¥904,101,256.33 as of September 30, 2021[17] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥158,843.87[6] - Cash flow from operating activities for the first three quarters of 2021 was ¥158,843.87, a recovery from a negative cash flow of -¥50,942,193.99 in the same period of 2020[22] - The company reported a total cash inflow from operating activities of ¥1,581,620,832.07, compared to ¥953,800,721.21 in the same period of 2020[23] - The net cash flow from financing activities was 46,423,122.94 RMB, a decrease of 82.8% compared to 269,582,418.70 RMB in the previous period[24] - The total cash and cash equivalents at the end of the period amounted to 163,755,947.80 RMB, down from 235,291,091.60 RMB, reflecting a net decrease of 132,080,777.77 RMB[24] Shareholder Information - Total number of common shareholders at the end of the reporting period was 7,917[12] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 29,835,498 shares, accounting for 40.67% of total shares[12] Inventory and Costs - Inventory increased to ¥514,408,906.60 from ¥377,626,868.08 year-over-year[16] - Total operating costs for the first three quarters of 2021 were ¥1,186,583,203.21, up 44.2% from ¥823,031,800.25 in the previous year[19] - The company’s inventory was valued at 377,626,868.08 RMB, indicating a stable level of stock[27] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥39,775,181.53, up 43% from ¥27,794,825.89 in the previous year[19] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20] Financial Standards - The company has implemented new leasing standards starting from 2021, affecting the financial statements[24]

Financial Performance - The company's operating revenue for Q3 2021 was ¥526,288,278.47, representing a year-on-year increase of 36.32%[5] - The net profit attributable to shareholders for Q3 2021 was ¥27,888,207.48, a significant increase of 170.96% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥27,618,586.25, up 233.78% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.3825, reflecting a growth of 172.64% compared to the previous year[6] - The diluted earnings per share for Q3 2021 was ¥0.3743, an increase of 166.75% year-on-year[6] - The net profit attributable to shareholders for the year-to-date period reached ¥71,552,587.74, up 119.31% from the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,249,205,421.52, a significant increase of 47.8% compared to ¥845,665,438.94 in the same period of 2020[19] - Net profit for the first three quarters of 2021 was ¥72,722,502.28, representing a 108.9% increase from ¥34,795,890.56 in the same period of 2020[20] - Earnings per share for the first three quarters of 2021 were ¥0.9815, compared to ¥0.4448 in the same period of 2020[21] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥2,255,711,274.85, marking a 10.86% increase from the end of the previous year[6] - Total assets as of September 30, 2021, amounted to RMB 2,255,711,274.85, an increase from RMB 2,034,707,033.21 as of December 31, 2020, reflecting a growth of approximately 10.85%[15] - Current assets totaled RMB 1,003,799,669.75, compared to RMB 953,590,187.67 in the previous year, indicating an increase of about 5.25%[16] - Total liabilities reached RMB 1,351,610,018.52, up from RMB 1,169,950,392.36, marking an increase of around 15.5%[17] - The company’s total equity as of September 30, 2021, was RMB 904,101,255.33, compared to RMB 864,756,640.85 at the end of 2020, indicating an increase of approximately 4.55%[17] - The company's total liabilities to total assets ratio is approximately 57.6%, indicating a moderate level of leverage[29] Cash Flow and Investments - Cash flow from operating activities for the first three quarters of 2021 was ¥158,843.87, a recovery from a negative cash flow of -¥50,942,193.99 in the same period of 2020[23] - The company incurred a net cash outflow from investing activities of -¥179,177,045.95 in the first three quarters of 2021, compared to -¥170,553,197.38 in the previous year[23] - The net cash flow from financing activities was 46,423,122.94 RMB, a decrease of 82.8% compared to 269,582,418.70 RMB in the previous period[24] - The total cash and cash equivalents at the end of the period amounted to 163,755,947.80 RMB, down from 235,291,091.60 RMB, reflecting a net decrease of 132,080,777.77 RMB[24] Shareholder Information - The number of common shareholders at the end of the reporting period was 73,362,532[12] - The top shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 40.67% of the shares, totaling 29,835,498 shares[12] Operational Insights - The company attributed the revenue growth to improved market demand and increased sales prices of chemical products due to the recovery from the global pandemic[10] - The company reported government subsidies of ¥338,097.67 for the current period, contributing to the overall financial performance[8] - The company reported a significant increase in cash received from sales, totaling ¥1,213,917,279.78 for the first three quarters of 2021, compared to ¥830,268,574.25 in the same period of 2020[22] - The company reported a significant increase in accounts receivable, which rose to RMB 49,934,307.58 from RMB 38,057,007.46, reflecting a growth of about 31.5%[16] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥39,775,181.53, an increase of 43% from ¥27,794,825.89 in the previous year[19] Inventory and Debt Management - Inventory increased to RMB 514,408,906.60 from RMB 377,626,868.08, representing a growth of approximately 36.2%[16] - Short-term borrowings were reported at RMB 667,058,242.52, slightly up from RMB 654,534,460.32, showing a growth of about 1.8%[17] - Cash paid for debt repayment was 637,516,701.46 RMB, an increase of 39.3% from 458,027,954.92 RMB[24] - The company has implemented new leasing standards starting from 2021, affecting the financial statements[24]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥722,917,143.05, representing a 57.29% increase compared to ¥459,595,110.15 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2021 was ¥43,664,380.26, a 95.51% increase from ¥22,333,957.86 in the previous year[19] - The basic earnings per share for the first half of 2021 was ¥0.5982, up 96.45% from ¥0.3045 in the same period last year[20] - The diluted earnings per share for the first half of 2021 was ¥0.5900, an increase of 93.76% compared to ¥0.3045 in the same period last year[20] - The company reported a net profit after deducting non-recurring gains and losses of ¥43,366,325.38, which is a 103.71% increase from ¥21,288,524.27 in the same period last year[19] - Revenue increased by 57.29% year-on-year, primarily due to the rise in unit product prices and expanded sales volume of plasticizer products following the market rebound post-pandemic[6] - Net profit attributable to shareholders increased by 95.51% year-on-year, driven by revenue growth and improved product gross margins[6] - Basic earnings per share increased by 96.45% year-on-year, attributed to the growth in net profit attributable to shareholders[6] - The overall gross profit margin improved to 19.94%, an increase of 5.42 percentage points from 14.52% in the same period of 2020[43] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,070,920,807.69, a 1.78% increase from ¥2,034,707,033.21 at the end of the previous year[19] - The company's net assets attributable to shareholders at the end of the reporting period were ¥855,157,153.38, reflecting a 3.35% increase from ¥827,413,698.22 at the end of the previous year[19] - The company's total assets as of June 30, 2021, amounted to ¥1,637,820,330.58, an increase from ¥1,578,272,850.53 at the end of 2020[133] - Total liabilities stood at ¥1,183,215,791.69, slightly up from ¥1,169,950,392.36, indicating an increase of approximately 1.1%[130] - The company's equity attributable to shareholders rose to ¥855,157,153.38 from ¥827,413,698.22, reflecting an increase of about 3.3%[130] Cash Flow - The net cash flow from operating activities for the first half of 2021 improved to -¥4,388,864.15, a 93.48% improvement from -¥67,302,722.21 in the same period last year[19] - The net cash flow from operating activities improved significantly, with a year-on-year increase of 93.48%, attributed to the growth in net profit attributable to shareholders[48] - The company’s cash and cash equivalents decreased by 46.72% due to investments in construction projects and inventory purchases[51] - The company reported a net cash flow from operating activities of RMB -4,388,864.15 for the first half of 2021, an improvement from RMB -67,302,722.21 in the first half of 2020[141] Research and Development - Research and development expenses rose by 76.67% to CNY 28,555,019.31, reflecting ongoing investment in new products and technologies[48] - The company has invested CNY 2,855.50 million in R&D for 15 new products, including a new type of epoxy fatty acid methyl ester, which has been recognized as a provincial-level industrial new product[46] - Research and development expenses for the first half of 2021 were ¥28,555,019.31, up from ¥16,162,661.89 in the same period of 2020, showing an increase of 76.6%[134] Environmental and Social Responsibility - The company strictly adheres to pollution control measures, including a complete wastewater collection and treatment system, ensuring compliance with environmental standards[71] - The company has established a robust system for handling hazardous waste generated during production processes, ensuring proper disposal by qualified agencies[71] - The company reported a total wastewater discharge of 36,960 tons in the first half of 2020, which increased to 41,490 tons in the first half of 2021, with key pollutants being within the regulatory limits[72] - The company donated 100,000 yuan for the construction of a primary school in January 2021, contributing to rural revitalization efforts[80] Corporate Governance - The company held a total of 4 shareholder meetings during the reporting period, including 1 annual meeting and 3 temporary meetings, with no proposals being rejected or changed[66] - The company experienced changes in its board, with the resignation of the financial director and an independent director[67] - The company has not disclosed any progress or changes regarding employee stock ownership plans or other incentive measures[70] Future Outlook and Strategy - The company plans to expand its market presence and invest in new product development to drive future revenue growth[162] - The company is considering potential mergers and acquisitions to strengthen its market position and diversify its product offerings[156] - The future outlook remains cautious, with guidance suggesting a potential revenue growth of 5-10% in the upcoming quarters[156] Financial Compliance and Audit - The company received a non-standard audit opinion for the 2020 annual report, which has since been resolved as confirmed by the audit firm on June 4, 2021[92] - The company incurred a penalty of 1 million RMB for non-compliance, with the actual controller also fined 1 million RMB, and two directors fined 500,000 RMB each[96] - The company has completed the required rectifications as mandated by the regulatory authority following the penalties imposed[93] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 8,339[108] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., held 16,700,000 shares, representing 22.76% of the total shares[110] - The total number of shares held by the top ten shareholders was 29,835,498, with no repurchase accounts among them[112] Convertible Bonds - The company issued convertible bonds totaling 185 million RMB, with a maturity of 6 years and an annual interest payment structure[125] - The total amount of convertible bonds converted during the reporting period was 63,000 RMB, resulting in 1,398 shares being issued[121] - The remaining amount of convertible bonds that have not been converted is 184,607,000 RMB, which constitutes 99.79% of the total issued convertible bonds[121]

Financial Performance - In 2020, the company's operating revenue was CNY 1,230,146,035, representing a year-on-year increase of 14.39% compared to CNY 1,075,440,212 in 2019[21]. - The net profit attributable to shareholders of the listed company was CNY 37,165,027, a decrease of 40.23% from CNY 62,183,107 in the previous year[21]. - The net cash flow from operating activities was negative CNY 72,254,309, a decline of 154.1% compared to a positive cash flow of CNY 133,350,098 in 2019[21]. - The total assets at the end of 2020 were CNY 2,034,707,033, an increase of 30.17% from CNY 1,563,158,135 at the end of 2019[21]. - The net assets attributable to shareholders of the listed company increased to CNY 827,413,698, reflecting a growth of 6.14% from CNY 779,574,163 in the previous year[21]. - Basic earnings per share decreased by 40.24% to CNY 0.5066, primarily due to the decline in net profit from subsidiary Dongjiang Energy affected by the pandemic[22]. - The weighted average return on equity fell by 3.32 percentage points to 4.73%, attributed to the decrease in net profit[23]. - Total revenue for Q4 2020 was CNY 384,480,596.71, with a net profit attributable to shareholders of CNY 4,538,529.84[26]. Dividend Policy - The company plans to distribute a cash dividend of CNY 1.52 per 10 shares to all shareholders, subject to the total share capital on the dividend distribution date[5]. - The company’s cash dividend policy mandates a minimum cash dividend of 20% of the distributable profit for the year when conditions allow[145]. - In 2020, the company distributed a cash dividend of 1.52 RMB per 10 shares, with a total cash dividend amounting to 11,150,304.43 RMB, representing 30.00% of the net profit attributable to ordinary shareholders[150]. - The company’s profit distribution policy emphasizes reasonable returns to investors, maintaining continuity and stability while considering sustainable development[145]. - The company’s cash dividend distribution in 2019 was 2.55 RMB per 10 shares, totaling 18,705,530.87 RMB, which accounted for 30.08% of the net profit attributable to ordinary shareholders[150]. Market and Industry Trends - The company has become the largest and most comprehensive producer of plant oil-based environmentally friendly plasticizers in China[32]. - The PVC market is expected to exceed 30 million tons during the 14th Five-Year Plan period, indicating strong growth potential[34]. - The demand for disposable PVC medical supplies has surged due to the pandemic, indicating significant growth potential in this sector[36]. - The functional polymer cable industry is expected to benefit from the Belt and Road Initiative, further driving industry growth[37]. - The biodiesel industry in China is expected to benefit from the "carbon neutrality" initiative introduced in 2020, enhancing its role in renewable energy[42]. Research and Development - The company has been recognized for its technological advancements, with 15 new products and processes listed as provincial scientific and technological achievements in 2020[62]. - The R&D expenses grew by 48.07% to 42,671,168.16 RMB, focusing on 15 new products and technologies[74]. - The company introduced 15 new products and processes in 2020, with significant contributions to the development of the biodiesel industry standards[91]. - The company is collaborating with the Dalian Institute of Chemical Physics to develop a high-end benzene-free plasticizer, which is currently in the optimization and debugging phase[131]. Environmental Initiatives - The company invested 5,428,900 RMB in environmental protection initiatives during 2020[73]. - The company is committed to achieving zero emissions and pollution through green manufacturing practices and waste recycling[139]. - The company has a wastewater treatment facility with a processing capacity of 400 tons per day, operational since January 2007[183]. - The company operates two air pollution control towers with capacities of 12,000 m³/h and 8,500 m³/h, both in normal operation since November 2010[183]. - The company has established emergency response plans for environmental pollution incidents and conducts regular drills to enhance response capabilities[186]. Risk Management - The company has acknowledged potential risks in its operations and has detailed these in the report[7]. - The company has identified risks related to the volatility of raw material prices, particularly for soybean oil, waste oil, and octanol, which significantly impact production costs[141]. - The company faces competition from traditional plasticizer manufacturers due to the slow adoption of environmental standards in the domestic market[140]. - The company faces a risk of significant net profit decline in its biomass energy business if there are major adjustments to the national corporate income tax preferential policies[142]. Corporate Governance - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The audit report issued by Da Xin Certified Public Accountants included a reserved opinion, and the board has provided detailed explanations regarding this matter[8]. - The company has committed to reducing and regulating related party transactions to ensure fair dealings[156]. Shareholder Engagement - The company is committed to engaging with shareholders, especially minority shareholders, to gather their opinions and address their concerns regarding cash dividend proposals[148]. - The company will ensure that any share reduction price will not be lower than 80% of the issue price during the two-year lock-up period[153]. - The company will disclose information accurately and timely in accordance with stock exchange rules[154]. Financial Position - Cash and cash equivalents increased by 38.33% to ¥297,249,087.89, primarily due to an increase in bank deposits[94]. - Accounts receivable increased by 67.74% to ¥74,325,754.02, mainly due to an increase in bank electronic acceptance bills from sales collections[94]. - Fixed assets grew by 50.01% to ¥542,462,248.97, mainly due to the completion of several construction projects[94]. - Short-term borrowings increased by 105.85% to ¥654,534,460.32, primarily due to an increase in bank loans[95]. - Long-term borrowings increased by 184.73% to ¥213,548,494.13, mainly due to project loans[95].

Financial Performance - Operating revenue for the period was CNY 318,726,377.14, representing a growth of 32.53% year-on-year[6]. - Net profit attributable to shareholders of the listed company was CNY 20,462,991.44, a significant increase of 196.61% compared to the same period last year[6]. - Basic earnings per share rose to CNY 0.2862, reflecting a growth of 197.51% year-on-year[6]. - The company reported a significant increase in net profit, driven by improved operational efficiency and revenue growth strategies[6]. - Operating profit for Q1 2021 was ¥23,331,437.17, significantly up from ¥4,175,861.69 in Q1 2020, reflecting a growth of 469.5%[25]. - Net profit attributable to shareholders of the parent company for Q1 2021 was ¥20,997,058.17, compared to ¥7,055,976.17 in Q1 2020, marking an increase of 197.5%[25]. - The net profit for Q1 2021 was ¥24,788,721.63, compared to a net loss of ¥9,303,739.83 in Q1 2020, indicating a significant turnaround[28]. - Total comprehensive income for Q1 2021 was ¥24,788,721.63, compared to a total comprehensive loss of ¥9,303,739.83 in Q1 2020[28]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,050,027,764.72, an increase of 0.75% compared to the end of the previous year[6]. - The total assets of the company as of March 31, 2021, were CNY 2,050,027,764.72, compared to CNY 2,034,707,033.21 at the end of the previous year[17]. - The company’s total liabilities amounted to CNY 1,171,263,840.43, slightly down from CNY 1,169,950,392.36 at the end of the previous year[18]. - Total liabilities as of March 31, 2021, were ¥895,616,337.36, compared to ¥861,804,942.59 at the end of 2020, indicating a rise of 3.9%[22]. - The company’s total liabilities were reported at ¥1,169,950,392.36 as of Q1 2021, consistent with the previous year, suggesting no significant changes in debt levels[36]. Cash Flow - The net cash flow from operating activities improved to CNY -10,442,399.71, showing an 84.25% increase compared to the previous year[6]. - The company reported a cash flow from operating activities of -CNY 10,442,399.71, an improvement of 84.25% compared to -CNY 66,315,588.00 in the previous year[14]. - The net cash flow from operating activities for Q1 2021 was -¥10,442,399.71, an improvement from -¥66,315,588.00 in Q1 2020[31]. - The company received cash from operating activities totaling ¥301,615,862.07 in Q1 2021, compared to ¥248,882,668.49 in Q1 2020[31]. - Cash outflow from financing activities in Q1 2021 was -¥21,661,430.51, a decrease from a net inflow of ¥128,970,341.41 in Q1 2020[31]. - The company experienced a net cash outflow from investing activities of ¥54,062,909.84 in Q1 2021, compared to a net outflow of ¥9,075,587.81 in Q1 2020, reflecting an increase in investment expenditures[33]. Shareholder Information - The total number of shareholders reached 9,026 at the end of the reporting period[10]. - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., held 22.77% of the shares, totaling 16,700,000 shares[11]. Research and Development - Research and development expenses increased by 35.88% to CNY 12,574,817.18, reflecting increased investment in R&D projects[13]. - The company reported a significant increase in research and development expenses, which rose to ¥12,574,817.18 in Q1 2021 from ¥9,254,325.25 in Q1 2020, reflecting a growth of 36.5%[24]. - Research and development expenses increased to ¥10,105,635.59 in Q1 2021 from ¥8,571,079.46 in Q1 2020, reflecting a focus on innovation[27]. Financial Standards and Practices - The company has adopted new leasing standards starting in 2021, which may impact future financial reporting and cash flow management[37]. - The company has implemented a new leasing standard starting in 2021, affecting financial reporting[42].

Financial Performance - Operating revenue for the first nine months rose by 17.51% to CNY 994,387,099.58 compared to the same period last year[8] - Net profit attributable to shareholders decreased by 29.93% to CNY 28,626,882.36 for the first nine months[8] - Basic earnings per share decreased by 29.89% to CNY 0.4320[9] - Total operating revenue for Q3 2020 reached ¥415,305,008.91, a 21.05% increase from ¥343,120,076.36 in Q3 2019[28] - Net profit for Q3 2020 was ¥11,001,291.97, a decrease of 22.67% compared to ¥14,254,053.26 in Q3 2019[30] - Earnings per share for Q3 2020 was ¥0.1369, down from ¥0.1840 in Q3 2019[31] - The company reported a total profit of ¥13,106,582.05 for Q3 2020, down from ¥14,046,673.04 in Q3 2019, a decrease of 6.69%[30] Assets and Liabilities - Total assets increased by 26.47% to CNY 1,977,180,946.53 compared to the end of the previous year[8] - Current assets totaled CNY 932,411,063.78, up 35.5% from CNY 687,592,528.88 at the end of 2019[20] - Total liabilities amounted to CNY 1,147,313,700.97, up 52.8% from CNY 750,782,392.51 at the end of 2019[22] - Total liabilities increased to ¥882,755,786.54 in Q3 2020, compared to ¥633,223,057.51 in Q3 2019, reflecting a 39.29% rise[26] - Total assets as of the end of Q3 2020 stood at CNY 1,563.35 million, unchanged from the previous year[43] - The total liabilities as of the end of Q3 2020 were CNY 750.78 million, consistent with the previous year[44] Cash Flow - Cash flow from operating activities showed a significant decline of 156.37%, resulting in a net cash outflow of CNY -51,162,982.84[8] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 781.09 million, a decrease of 9.8% compared to CNY 865.86 million in the same period of 2019[40] - Net cash flow from operating activities for the first three quarters of 2020 was CNY 36.49 million, down 67.3% from CNY 111.55 million in 2019[40] - Cash inflow from financing activities increased significantly to CNY 584.90 million in 2020 from CNY 220.24 million in 2019, marking a 165.5% increase[40] - The company reported a net cash outflow from investing activities of CNY 19.59 million in the first three quarters of 2020, an improvement from a net outflow of CNY 39.75 million in 2019[40] Shareholder Information - The company had a total of 8,955 shareholders at the end of the reporting period[12] - The largest shareholder, Tongxiang Shunchang Investment Co., Ltd., holds 23.11% of the shares[12] Research and Development - R&D expenses rose by 41.82% to RMB 27,794,825.89 driven by increased investment in R&D projects[15] - Research and development expenses for Q3 2020 were ¥11,632,164.00, an increase of 10.77% from ¥10,501,723.77 in Q3 2019[29] - R&D expenses increased to ¥10.56 million in Q3 2020, up from ¥9.18 million in Q3 2019, reflecting a focus on innovation[33] Inventory and Accounts Receivable - Accounts receivable increased by 58.09% to RMB 57,994,570.36 reflecting expanded sales and uncollected payments[15] - Inventory grew by 43.55% to RMB 435,486,712.61 as a result of business expansion and increased stockpiling[15] - The company reported a significant increase in accounts receivable, which rose to CNY 57,994,570.36, up 58.5% from CNY 36,684,783.65 at the end of 2019[20] Future Plans and Projects - The company’s subsidiary Mingzhou Environmental's chlorinated plasticizer project is expected to achieve an annual production capacity of 60,000 tons by the end of 2020[16] - The subsidiary Jiaao Dingxin's project is facing technical challenges, requiring additional reactor installations to improve conversion rates[17] - The company completed the project acceptance for the "Annual Production of 100,000 Tons of Industrial Mixed Oil Technology Renovation Project" in September 2020[18] - The company is utilizing its own funds and bank loans to stabilize the "Annual Production of 100,000 Tons of Biodiesel Project" currently in the preparatory stage[18] - The company plans to implement new leasing standards starting in 2021, following the initial execution of new revenue standards in 2020[44]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately RMB 579.08 million, representing a 15.11% increase compared to RMB 503.06 million in the same period last year[19]. - The net profit attributable to shareholders of the listed company decreased by 31.71% to approximately RMB 21.65 million, down from RMB 31.70 million in the previous year[19]. - Basic earnings per share decreased by 31.72% to RMB 0.2951, down from RMB 0.4322 in the same period last year[20]. - The weighted average return on net assets decreased by 1.40 percentage points to 2.76% from 4.16% in the previous year[20]. - The net profit attributable to shareholders decreased by 31.71% to 21.65 million yuan, while the net profit excluding non-recurring gains and losses fell by 22.50% to 20.60 million yuan[44]. - The net profit for the first half of 2020 was ¥22,858,473.23, down from ¥33,041,066.37 in the first half of 2019, indicating a decline of about 30.7%[119]. - The total comprehensive income for the first half of 2020 was significantly lower than the previous year, indicating challenges in profitability[146]. Cash Flow and Liquidity - The net cash flow from operating activities turned negative at approximately RMB -67.91 million, a decline of 204.84% compared to RMB 64.77 million in the same period last year[19]. - Cash and cash equivalents decreased by 38.82% year-over-year, totaling approximately ¥129.91 million, primarily due to increased procurement expenditures[51]. - The company reported a cash flow from operating activities of -¥67.91 million for the first half of 2020, a decrease from a positive cash flow of ¥64.77 million in the first half of 2019[124]. - The cash inflow from operating activities totaled ¥656.24 million in the first half of 2020, compared to ¥544.00 million in the same period of 2019, showing an increase in cash receipts[123]. - The net increase in cash and cash equivalents for H1 2020 was ¥32,415,416.47, compared to only ¥802,964.61 in H1 2019, indicating a substantial improvement[127]. Research and Development - Research and development expenses increased by 77.68% year-on-year to 16.16 million yuan, focusing on new products such as modified epoxy glycerol ester plasticizers and biodegradable lubricating oil base oils[44]. - Research and development expenses for the first half of 2020 were ¥16,162,661.89, significantly higher than ¥9,096,340.90 in the same period of 2019, showing an increase of approximately 77.5%[117]. - The company plans to enhance its research and development efforts to drive innovation in new technologies[139]. Market and Product Development - The company has developed a strong market sales network with approximately 700 to 800 trading customers across major economic regions in China[34]. - The company has become a well-known enterprise in the domestic market for environmentally friendly plasticizers, with independent intellectual property rights and large-scale production capabilities[32]. - The company’s core business includes the research, production, and sales of environmentally friendly plasticizers, stabilizers, and biomass energy[25]. - The company is considering strategic acquisitions to bolster its product offerings, with a target of acquiring two startups within the next six months[64]. - Market expansion plans include entering three new international markets by Q3 2020, which is anticipated to increase market share by 10%[65]. Environmental Compliance - The company strictly adheres to pollution control measures, including a complete wastewater collection and treatment system, ensuring compliance with discharge standards[84]. - In the first half of 2020, the total wastewater discharge was 36,960 tons, with key pollutants such as COD at 500 mg/L, ammonia nitrogen at 35 mg/L, and total phosphorus at 8 mg/L, all within standard limits[86]. - The company has developed emergency response plans for environmental pollution incidents and conducts regular drills to enhance response capabilities[92]. Shareholder and Corporate Governance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[5]. - The company will ensure that any share reduction will be announced three trading days in advance and comply with relevant legal requirements[63]. - The company is committed to compensating investors for losses incurred due to any false statements or omissions in its prospectus[61]. - The company held one annual general meeting during the reporting period without any rejected proposals or changes to previous resolutions[59]. Strategic Outlook - The company has set a future outlook with a focus on market expansion and new product development strategies[139]. - The company plans to focus on enhancing its capital structure and improving operational efficiency in the upcoming quarters[146]. - The company aims to explore potential mergers and acquisitions to accelerate growth and market presence[139].