Financial Performance - Operating revenue surged by 91.09% to CNY 673,726,791.65 year-on-year[5] - Net profit attributable to shareholders increased by 177.96% to CNY 56,703,649.13 compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses rose by 279.41% to CNY 48,295,697.42[5] - Basic earnings per share reached CNY 0.41, up 173.33% from CNY 0.15 in the previous year[5] - The company reported a significant increase in other income, which rose by 130.86% to ¥6,488,472.11 from ¥2,810,591.99, mainly due to increased government subsidies received[13] - Investment income decreased by 46.89% to ¥3,766,389.27 from ¥7,092,091.41, primarily due to reduced financial investment returns[13] - Net profit for Q1 2021 was ¥61,250,927.19, representing a 213.5% increase from ¥19,508,714.35 in Q1 2020[28] - Basic earnings per share for Q1 2021 were ¥0.41, compared to ¥0.15 in Q1 2020[28] - The total profit for Q1 2021 was CNY 33,052,272.16, which is a 3.4% increase from CNY 29,989,725.08 in Q1 2020[30] Assets and Liabilities - Total assets increased by 5.04% to CNY 2,666,626,910.18 compared to the end of the previous year[5] - The company's total liabilities increased to ¥1,026,411,726.11 from ¥948,991,326.00, indicating a rise in financial obligations[21] - The company's total equity reached ¥1,640,215,184.07, up from ¥1,589,569,659.17, reflecting retained earnings growth[21] - Total assets as of March 31, 2021, amounted to ¥2,102,424,776.55, an increase from ¥2,041,311,270.04 at the end of 2020[25] - Total liabilities as of March 31, 2021, were ¥678,777,687.79, compared to ¥649,554,251.86 at the end of 2020[25] - Current assets totaled ¥1,282,355,921.18 as of March 31, 2021, slightly up from ¥1,274,603,803.70 at the end of 2020[24] - Non-current assets increased to ¥820,068,855.37 as of March 31, 2021, from ¥766,707,466.34 at the end of 2020[24] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -64,809,725.48, worsening by 84.81% compared to the previous year[5] - The net cash flow from operating activities was negative at -¥64,809,725.48, worsening by 84.81% from -¥35,068,302.86, primarily due to decreased sales collections[14] - In Q1 2021, the net cash flow from operating activities was -90,501,765.53, compared to -43,192,905.88 in Q1 2020, indicating a decline in operational cash flow[36] - Cash inflow from operating activities totaled 284,882,248.91 in Q1 2021, compared to 220,727,361.77 in Q1 2020, marking an increase of about 29%[36] - The cash outflow for purchasing goods and services in Q1 2021 was 303,906,125.72, compared to 207,071,924.50 in Q1 2020, representing a rise of approximately 46.5%[36] Expenses - Operating costs increased by 92.16% to ¥549,195,533.73 from ¥285,806,934.39, mainly due to increased sales volume and rising raw material prices[13] - Research and development expenses rose by 109.54% to ¥21,921,733.13 from ¥10,461,810.77, reflecting increased investment in R&D[13] - Research and development expenses for Q1 2021 were ¥21,921,733.13, significantly higher than ¥10,461,810.77 in Q1 2020[27] - The company incurred financial expenses of CNY -368,106.24, a significant improvement from CNY -1,338,003.55 in the previous year[30] - The company’s sales expenses decreased to CNY 2,464,823.78, down 76.7% from CNY 10,576,740.76 in Q1 2020[30] - The company’s tax expenses for Q1 2021 were CNY 3,429,557.28, slightly down from CNY 3,739,538.44 in Q1 2020[30] Shareholder Information - The number of shareholders reached 15,176, indicating a growing interest in the company[8] - The weighted average return on net assets improved by 2.21 percentage points to 3.72%[5]

Financial Performance - The company's operating revenue for 2020 was CNY 2,321,141,381.90, representing a 35.11% increase compared to CNY 1,717,987,561.37 in 2019[23] - The net profit attributable to shareholders for 2020 was CNY 205,547,882.93, a 66.44% increase from CNY 123,495,088.09 in 2019[23] - The net profit after deducting non-recurring gains and losses was CNY 180,142,152.58, which is a 61.11% increase compared to CNY 111,813,173.99 in 2019[23] - The basic earnings per share for 2020 were CNY 1.47, a 45.54% increase from CNY 1.01 in 2019[24] - The basic earnings per share after deducting non-recurring gains and losses increased by 41.76% to 1.29 RMB compared to the previous year[25] - The weighted average return on equity rose by 3.04 percentage points to 14.52%[25] - Total revenue for the year reached ¥1,842,980,861.47, a 51.41% increase compared to the previous year[59] - The company reported a year-on-year increase of 37.76% in operating costs for the chemical industry segment[104] Cash Flow and Assets - The net cash flow from operating activities decreased by 59.56% to CNY 95,306,728.48 from CNY 235,645,271.30 in 2019[23] - The total assets at the end of 2020 were CNY 2,538,560,985.17, reflecting a 15.63% increase from CNY 2,195,478,165.97 at the end of 2019[23] - The net assets attributable to shareholders increased by 11.23% to CNY 1,494,272,847.43 from CNY 1,343,368,224.52 in 2019[23] - The accounts receivable balance grew by 88.35% to ¥217,018,551.02, indicating improved sales performance[68] Dividends and Shareholder Commitments - The company plans to distribute a cash dividend of CNY 4.5 per 10 shares, totaling CNY 63,405,000, subject to shareholder approval[5] - The company’s cash dividend distribution plan reflects a payout ratio of 30.89% of net profit for the year 2020[123] - Major shareholders and executives have committed not to transfer or manage their shares for 36 months post-IPO, with a maximum of 25% transfer allowed annually thereafter[128] Research and Development - The company’s R&D expenses increased by 45.48% to CNY 84,901,483.69, reflecting its commitment to innovation and technology development[51] - The company achieved a research and development investment of 84.9 million RMB, completing 68 projects related to new product trials, process improvements, and safety enhancements[92] - The number of R&D personnel was 118, making up 13.13% of the total workforce[64] Market and Product Development - The company aims to enhance its product offerings in fine chemicals, focusing on low-carbon fatty amines and organic solvents[35] - The company has the largest production capacity of isopropylamine in China and ranks among the top globally in low-carbon fatty amine production[40] - The company is focusing on innovation and green sustainable development as part of its strategic goals for the future[79] - The company plans to continue expanding its product lines and market reach, focusing on innovation in chemical products[56] Environmental and Safety Management - The company has implemented comprehensive safety and environmental management measures, ensuring compliance with regulations and enhancing operational efficiency[48] - The company is classified as a key pollutant discharge unit and has reported its environmental protection measures[180] - The company has made significant efforts in environmental protection, including compliance with the "Boiler Air Pollutants Emission Standards"[182] - The company has established a comprehensive management system for quality, environment, and occupational health to improve safety standards[116] Risks and Challenges - The company faces risks from rising environmental protection standards, which may increase operational costs and impact profitability due to higher investments in environmental management[117] - The company is exposed to raw material price fluctuations, particularly linked to global oil prices, which could affect gross margins if product prices do not adjust accordingly[118] - The company has established provisions for bad debts in accordance with accounting policies, but increasing accounts receivable could lead to further liquidity risks[119] Corporate Governance and Compliance - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[7] - The company has provided a risk statement regarding forward-looking statements, emphasizing that future plans do not constitute performance commitments[9] - The company has not encountered any major litigation or arbitration matters during the reporting period[157] Community Engagement and Social Responsibility - The company made a total of 950,000 yuan in various public welfare expenditures in 2020, including 650,000 yuan for pandemic relief donations[179] - The company has actively engaged in community support and environmental initiatives as part of its corporate social responsibility strategy[179]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥1.07 billion, representing a 13.12% increase compared to ¥945.73 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥124 million, a 48.12% increase from ¥83.70 million in the previous year[17]. - The total profit reached 146.60 million yuan, up 38.33% compared to the same period last year[36]. - The basic earnings per share for the first half of 2020 was ¥0.89, up 11.25% from ¥0.80 in the same period last year[18]. - The company reported a significant increase in accounts receivable, which rose by 93.53% to CNY 222.99 million from CNY 115.22 million year-on-year[41]. - The total comprehensive income for the first half of 2020 was CNY 124,553,685.58, compared to CNY 68,866,675 in the same period of 2019, representing an increase of approximately 81%[180]. Cash Flow and Assets - The net cash flow from operating activities decreased by 46.13% to approximately ¥91.72 million, down from ¥170.25 million in the same period last year[17]. - The total assets at the end of the reporting period were approximately ¥2.45 billion, an increase of 11.37% from ¥2.20 billion at the end of the previous year[17]. - The total cash and cash equivalents at the end of the reporting period were CNY 444.15 million, a 30.62% increase from CNY 340.04 million at the end of the previous year[41]. - The company's cash and cash equivalents increased to CNY 444,150,111.90 from CNY 340,038,030.01, reflecting a growth of about 30.6%[147]. - The ending balance of cash and cash equivalents was CNY 322,240,841.93, down from CNY 685,285,263.12 at the end of the first half of 2019[166]. Liabilities and Equity - Total liabilities reached CNY 915,296,103.43, compared to CNY 774,083,008.43 at the end of 2019, representing an increase of approximately 18.3%[149]. - The company's equity attributable to shareholders rose to CNY 1,447,147,565.78 from CNY 1,343,368,224.52, marking an increase of about 7.7%[149]. - The total liabilities at the end of the period were reported at 616,534,960, which is a critical metric for assessing financial health[176]. - The total equity of the company at the end of the first half of 2020 was CNY 1,277,216,000, showing an increase from CNY 1,276,548,000 at the end of 2019[179]. Operational Highlights - The company is engaged in the production and operation of fatty amines, organic solvents, and synthetic fragrances, focusing on innovation and sustainable development[22]. - The sales volume of fatty amines was 51,300 tons, an increase of 10.47% year-on-year[36]. - The sales volume of organic solvents decreased by 21.93% to 38,000 tons, while the sales gross margin increased significantly due to supply shortages[36]. - The company has established long-term stable supply relationships with leading domestic and international enterprises in the agrochemical and pharmaceutical sectors[32]. Research and Development - Research and development expenses increased by 7.44% to CNY 30.37 million, up from CNY 28.27 million year-on-year[39]. - Research and development expenses for the first half of 2020 were ¥30,372,738.24, compared to ¥28,268,533.07 in the same period of 2019, showing an increase of 7.4%[155]. Environmental Compliance - The company is subject to environmental regulations and has reported emissions data, including a CODCr discharge of 7.65 tons and ammonia nitrogen discharge of 1.072 tons[108]. - The company complies with the wastewater discharge standards, with CODCr levels at 148.62 mg/L and ammonia nitrogen at 0.6158 mg/L[108]. - The company has implemented various pollution control facilities, including wastewater and waste gas treatment systems, to meet environmental standards[110]. Shareholder Commitments - Major shareholders have committed to not transferring or managing their shares for 36 months post-IPO, ensuring stability in shareholding[56]. - Shareholders commit to long-term holding of company stock and outline specific reduction methods post-lock-up period, including a maximum of 1% reduction through centralized bidding and 2% through block trading within any consecutive 90 days[83]. Legal and Regulatory Matters - There were no significant non-operating fund occupations or violations of decision-making procedures regarding external guarantees during the reporting period[5]. - The company has not disclosed any new significant related party transactions during the reporting period[91]. - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[87].

Financial Performance - Operating income fell by 35.10% to CNY 352,579,131.13, down from CNY 543,290,219.75 in the same period last year[5] - Net profit attributable to shareholders decreased by 49.78% to CNY 20,399,880.12, compared to CNY 40,621,707.54 in the previous year[5] - Basic and diluted earnings per share decreased by 61.54% to CNY 0.15 per share[5] - Operating profit fell to CNY 22.79 million, down 60.11% from CNY 57.13 million year-on-year[12] - Net profit decreased by 58.89% to CNY 19.51 million, compared to CNY 47.45 million in the previous year[13] - The company reported a total profit of CNY 29,989,725.08, a decrease of 13.5% from CNY 34,611,079.81 in Q1 2019[28] Cash Flow - Cash flow from operating activities showed a significant decline of 242.81%, resulting in a net cash outflow of CNY 35,068,302.86[5] - Cash flow from operating activities showed a net outflow of CNY 35.07 million, a decline of 242.81% from a net inflow of CNY 24.56 million in the same period last year[13] - The company reported a cash inflow from operating activities of ¥266,442,677.98 in Q1 2020, down 36.9% from ¥422,185,359.24 in Q1 2019[30] - Net cash flow from operating activities was -CNY 43,192,905.88 in Q1 2020, compared to -CNY 36,389,222.42 in Q1 2019, indicating a worsening performance year-over-year[33] - The company reported a net cash decrease of CNY 58,892,013.13 in Q1 2020, compared to a decrease of CNY 62,231,940.64 in Q1 2019, indicating a slight improvement in cash management[34] Assets and Liabilities - Total assets decreased by 1.13% to CNY 2,170,599,801.91 compared to the end of the previous year[5] - Accounts receivable increased by 45.38% to CNY 167,507,914.36 due to reduced sales collections impacted by the pandemic[11] - Other non-current assets rose by 52.62% to CNY 28,549,331.81, primarily due to increased prepayments for equipment purchases[11] - Total liabilities reached CNY 774,083,008.43, with current liabilities at CNY 693,672,558.79 and non-current liabilities at CNY 80,410,449.64[37] - The company’s total liabilities to total assets ratio stands at approximately 35.3%[37] Shareholder Information - The number of shareholders reached 14,054, with the largest shareholder holding 17.22% of the shares[9] - Total equity reached approximately 1.28 billion, indicating strong financial health[41] - Unallocated profits amounted to approximately 556.8 million, reflecting retained earnings[41] Government Support and Subsidies - The company received government subsidies amounting to CNY 2,810,591.99, which are closely related to its normal business operations[8] Taxation - Tax expenses decreased by 74.76% to CNY 2.40 million, primarily due to the recognition of deferred tax assets[13] - The company experienced a 250.79% increase in payable taxes, rising to CNY 5.96 million, attributed to reduced deductions for fixed asset investments[12] - The company reported a tax expense of ¥3,739,538.44 for Q1 2020, down from ¥4,414,715.51 in Q1 2019, reflecting a decrease of 15.3%[28] Investment and Expenses - The company reported a significant reduction in financial expenses, down 87.08% to CNY 764,229 from CNY 5.91 million year-on-year[12] - Research and development expenses for Q1 2020 were ¥7,527,218.81, a decrease of 26.5% compared to ¥10,237,389.70 in Q1 2019[28] - The company experienced a decrease in sales expenses, which were ¥10,576,740.76 in Q1 2020, down from ¥13,729,266.93 in Q1 2019, indicating a reduction of 22.5%[28]

Financial Performance - The company's operating revenue for 2019 was ¥1,717,987,561.37, a decrease of 23.04% compared to ¥2,232,215,716.86 in 2018[21] - The net profit attributable to shareholders for 2019 was ¥123,495,088.09, down 29.24% from ¥174,536,081.28 in 2018[21] - The net profit after deducting non-recurring gains and losses was ¥111,813,173.99, a decrease of 30.46% compared to ¥160,790,346.98 in 2018[21] - Basic earnings per share decreased by 39.16% to CNY 1.01 compared to CNY 1.66 in the previous year[23] - Net profit attributable to shareholders decreased by 29.24% year-on-year, while net profit excluding non-recurring gains and losses fell by 30.46%[24] - The weighted average return on equity decreased by 13.11 percentage points to 11.48% from 24.59% in the previous year[23] - The gross profit margin increased to 23.54%, up from 21.66% year-on-year[52] - The operating costs decreased by 24.88% to 1,313,604,274.24 CNY, reflecting the impact of production halts[52] - The company achieved a significant reduction in financial expenses by 49.52%, amounting to CNY 8,244,065.90[65] Cash Flow and Assets - The cash flow from operating activities for 2019 was ¥235,645,271.30, an increase of 14.53% from ¥205,758,634.31 in 2018[21] - The total assets at the end of 2019 were ¥2,195,478,165.97, representing a 27.30% increase from ¥1,724,618,109.01 at the end of 2018[21] - The net assets attributable to shareholders increased by 70.03% to ¥1,343,368,224.52 from ¥790,089,651.01 in 2018[21] - The company reported a significant decrease in cash received from sales, leading to a reduction in sales revenue[68] - Cash received from investment activities increased to ¥125.7 million, marking a 100% increase compared to the previous period[68] - The company’s fixed asset and intangible asset purchases rose by 50.16% to ¥76.26 million[68] - Accounts receivable decreased by 37.93% to ¥115.22 million, attributed to a decline in operating income[71] Production and Operations - The company focuses on the production of fatty amines, organic solvents, and fine chemical products, emphasizing innovation and environmental sustainability[32] - The company operates under a production model that aligns production with sales plans, ensuring timely delivery to customers through multi-department collaboration[35] - The production of key products like fatty amines and organic solvents saw a decline in sales volume, with fatty amines sales down by 0.19%[58] - The company experienced a significant impact on production due to the March 21 explosion in Jiangsu, leading to a halt in production for several subsidiaries[93] - The company is gradually restoring production at Jiangsu Xinrui following the "3.21 explosion" incident, with partial resumption of operations[48] Research and Development - The total R&D expenditure for the period was CNY 58,361,186.54, accounting for 3.40% of total revenue[66] - The company has established a strong R&D platform, recognized as a national key high-tech enterprise, and has undertaken multiple national and provincial technology projects[85] - The company has applied for 8 invention patents and 5 utility model patents in 2019, with 3 invention patents and 10 utility model patents granted by the end of the year, totaling 35 invention patents and 20 utility model patents[86] Market Position and Strategy - The company has a strong market position in the fatty amine sector, with a large production capacity and long-term partnerships with major agricultural chemical companies[41] - The company aims for high-quality development and strategic expansion, particularly in its Ningxia development base, to enhance performance in the face of new market conditions[46] - The company aims to enhance its core business in fatty amines, organic solvents, and flavors, focusing on low-cost and technological innovation to maintain market leadership[108] Environmental and Social Responsibility - The company has implemented environmental protection measures, complying with pollution discharge standards[182] - The company has committed to social responsibility, contributing to local economic development and being recognized as a top taxpayer in Jiande City[180] - The company actively participates in charitable activities, including donations and community building initiatives[181] - The company has established a comprehensive solid waste management system, ensuring hazardous waste is disposed of by qualified units and general solid waste is utilized appropriately[187] Shareholder Commitments and Governance - Major shareholders holding over 5% of the company's shares have committed to not transferring or managing their shares for 36 months post-IPO[124] - Shareholders have agreed to limit their annual share transfers to no more than 25% of their total holdings during their tenure as directors or senior management[126] - The company commits to minimizing related party transactions to protect the interests of all shareholders[132] - The company will compensate investors for losses caused by false statements or omissions in the IPO prospectus according to relevant laws[135] Compliance and Risk Management - The company has no major litigation or arbitration matters during the reporting period[166] - The company has no significant accounting errors to correct for the reporting period[162] - The company faces risks related to environmental policies and safety, which may require increased investment in environmental protection facilities, potentially impacting profitability[111] - The company is exposed to raw material price volatility risks, as the cost of basic chemical raw materials is closely linked to oil prices and market supply-demand dynamics[112]