证券代码：603876 证券简称：鼎胜新材 2023 年第三季度报告 重要内容提示： 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 □是 √否 (一)主要会计数据和财务指标 1 / 14 (二)非经常性损益项目和金额 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|---------------------------|-------| | 投资成本小于取得投 资时应享有被投资单 位可辨认净资产公允 价值产生的收益 | | | | | 非货币性资产交换损 ...

2023 年半年度报告 江苏鼎胜新能源材料股份有限公司 2023 年半年度报告 重要提示 三、 本半年度报告未经审计。 四、 公司负责人王诚、主管会计工作负责人楼清及会计机构负责人（会计主管人员）王瑛声明： 保证半年度报告中财务报告的真实、准确、完整。 无 六、 前瞻性陈述的风险声明 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 公司代码：603876 公司简称：鼎胜新材 债券代码：113534 债券简称：鼎胜转债 1 / 161 2023 年半年度报告 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬请投 资者注意投资风险。 十、 重大风险提示 公司已在本报告中详细描述可能存在的风险，敬请查阅第三节管理 ...

□适用 √不适用 (五) 投资状况分析 2022 年 7 月 5 日，公司召开总经理办公会会议，同意公司以自有资金向控股子公司鼎亨增加 注册资本 4,500.00 万美元，出资方式为货币。截止目前，鼎亨新材料注册资本由 16.2235 亿泰铢 变更为 27.1781 亿泰铢。其中，公司持股比例由 80%变更为 88.06%的股权、鼎胜香港和荣丽达的 持股比例由 10%均变更为 5.97%的股权。 2022 年年度报告 □适用 √不适用 (八) 公司控制的结构化主体情况 √适用 □不适用 公司的主营业务为铝板带箔的研发、生产与销售业务，所属行业为铝压延加工行业。铝压延 产品作为国民经济重要基础材料，受到相关产业政策的支持。从 2005 年至今，国家发改委、工信 部、行业协会等部门及组织先后出台了多项铝加工行业的专项规划和包括铝压延加工行业在内的 产业发展调整纲要，支持铝加工行业的发展，并鼓励铝加工产品结构的优化；另一方面，国家为 加快新能源汽车产业化进程，颁布了一系列相关政策性文件，大力支持我国新能源汽车及动力电 池行业的健康快速发展，为铝板带箔行业带来了新的机遇。 √适用 □不适用 公司以现有国内铝箔龙头企业 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥4,508,576,861.36, representing a decrease of 20.17% compared to the same period last year[2]. - The net profit attributable to shareholders of the listed company was ¥154,683,820.37, down 28.18% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥142,132,147.85, a decrease of 25.99% compared to the previous year[2]. - The company reported a comprehensive income total of ¥156,710,650.00 for the quarter, compared to ¥221,013,467.65 in the same quarter last year[11]. - Basic earnings per share for Q1 2023 were ¥0.32, down from ¥0.44 in Q1 2022[11]. - The net profit for the first quarter of 2023 was CNY 154,318,308.81, a decrease of 28.38% compared to CNY 215,417,143.40 in the same period of 2022[26]. - Total operating profit for the first quarter was CNY 186,477,163.89, down from CNY 240,080,816.60 in the previous year, reflecting a decline of 22.36%[26]. - The company reported a total revenue of CNY 184,178,803.12, compared to CNY 245,898,660.12 in the same quarter last year, indicating a decrease of 25.06%[26]. - The company's basic earnings per share for Q1 2023 was ¥0.32, a decrease of 29.55% year-on-year[48]. Operating Costs and Expenses - The total operating costs for Q1 2023 were ¥4,252,675,419.59, down from ¥5,372,487,632.04 in Q1 2022[25]. - Research and development expenses amounted to CNY 221,645,361.23, slightly down from CNY 237,153,619.89 year-over-year[26]. - The company recorded a financial expense of CNY 42,449,792.85, significantly lower than CNY 61,511,736.05 in the previous year, a reduction of 30.96%[26]. Cash Flow and Investments - The cash and cash equivalents at the end of the period increased to ¥1,035,235,625.29 from ¥542,126,779.14 at the end of the previous year[13]. - The company invested ¥77,284,675.50 in fixed assets, intangible assets, and other long-term assets during the quarter[13]. - The net cash flow from financing activities was ¥242,392,754.02, an increase from ¥128,172,270.81 in the previous year[13]. - Cash inflow from investment activities was ¥213,319,448.83, compared to ¥78,945,779.99 in the same period last year[45]. - The cash and cash equivalents increased to CNY 8,483,823,023.20 from CNY 7,153,731,403.00, representing a growth of 18.54%[40]. Assets and Liabilities - The total assets as of March 31, 2023, were CNY 16,516,494,384.65, compared to CNY 14,822,187,592.19 at the end of 2022, an increase of 11.43%[40]. - Total assets increased to ¥23,650,578,988.86, up 7.73% from ¥21,954,060,892.02 at the end of the previous year[48]. - The total current liabilities increased to ¥14,939,551,132.58, compared to ¥13,395,572,597.89 in the previous period[48]. - Long-term borrowings stood at ¥1,460,846,618.70, slightly down from ¥1,471,989,590.99 in the previous period[48]. - Total liabilities increased to $17,170,631,919.83 from $15,638,418,705.66, representing a growth of approximately 9.8% year-over-year[55]. - Non-current liabilities totaled $2,231,080,787.25, down from $2,242,846,107.77, indicating a decrease of about 0.5%[55]. Shareholder Equity - The company's equity attributable to shareholders increased to ¥6,468,877,694.43, up 2.61% from ¥6,304,207,300.20 at the end of the previous year[48]. - Total equity attributable to shareholders rose to $6,468,877,694.43 from $6,304,207,300.20, reflecting an increase of about 2.6%[55]. - Unappropriated profits increased to $3,221,358,350.86 from $3,066,674,530.49, marking a growth of approximately 5.0%[55]. - The total equity increased to $6,479,947,069.03 from $6,315,642,186.36, representing an increase of approximately 2.6%[55]. Other Income and Grants - The company received government grants amounting to CNY 9,540,544.31, which are closely related to its normal business operations[35]. - Other comprehensive income rose to $6,640,557.75 from $4,248,216.56, showing an increase of approximately 56.3%[55]. - Deferred income decreased to $36,143,960.05 from $36,954,752.21, a decline of approximately 2.2%[55]. - The company's intangible assets decreased slightly to ¥326,264,213.10 from ¥328,623,711.15 in the previous period[48].

Financial Performance - The company's operating revenue for Q3 2022 was ¥5,199,953,795.15, representing a year-on-year increase of 7.99%[6] - The net profit attributable to shareholders for Q3 2022 reached ¥436,325,579.51, a significant increase of 294.36% compared to the same period last year[6] - The basic earnings per share for Q3 2022 was ¥0.89, reflecting an increase of 286.96% year-on-year[8] - The net profit attributable to shareholders for the year-to-date was ¥1,033,112,098.60, with a year-on-year increase of 293.27%[6] - The diluted earnings per share for Q3 2022 was ¥0.86, an increase of 218.52% year-on-year[8] - Total operating revenue for the first three quarters of 2022 reached ¥16,645,416,459.53, an increase of 29.0% compared to ¥12,864,212,728.99 in the same period of 2021[34] - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was ¥1,033,112,098.60, compared to ¥262,700,189.45 in the same period of 2021, reflecting a significant increase[37] - The total comprehensive income attributable to the parent company reached CNY 1,021,945,636.83, compared to CNY 239,945,619.74 in the same period last year, indicating significant growth[39] - Basic earnings per share increased to CNY 2.12 from CNY 0.59 year-over-year, reflecting improved profitability[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥20,140,506,336.94, up 123.86% from the end of the previous year[9] - The total assets of the company reached ¥20,140,506,336.94 in 2022, up from ¥16,261,178,719.52 in 2021, showing robust growth in asset base[33] - Total liabilities increased to ¥14,180,629,933.66 in 2022 from ¥11,330,020,772.84 in 2021, representing a growth of 25.7%[33] - The total equity attributable to shareholders at the end of the reporting period was ¥5,947,857,720.70, up 120.87% from the previous year[9] - The company's total equity attributable to shareholders rose to ¥5,947,857,720.70 in 2022, up from ¥4,920,929,920.38 in 2021, indicating a growth of 20.8%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,671,112,795.72, showing a year-on-year increase of 896.64%[8] - Cash flow from operating activities amounted to CNY 16,472,211,928.28, up from CNY 9,914,248,294.84 in the previous year, showing a 66.5% increase[43] - The company reported cash and cash equivalents at the end of the period totaling CNY 763,719,367.72, compared to CNY 478,429,307.06 at the end of the same period last year, representing a 59.5% increase[45] - The company received CNY 12,881,985,217.38 in cash from sales of goods and services, a significant increase from CNY 7,548,920,021.54 in the previous year, reflecting strong sales performance[43] - The company paid CNY 8,258,044,128.56 for goods and services, compared to CNY 6,726,784,972.57 in the previous year, indicating increased operational costs[43] - The company reported a total cash inflow from financing activities of CNY 7,411,878,466.18, compared to CNY 6,644,539,695.18 in the previous year, showing an 11.5% increase in financing[45] Shareholder Information - The top shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., holds 28.2% of the shares, totaling 138,704,300 shares[19] - The second-largest shareholder, Beijing Purun Square Equity Investment Center, holds 10.5% of the shares, totaling 51,707,100 shares[19] - The company has a total of 10 major shareholders, with the top 10 holding significant stakes in the company, indicating strong institutional support[19] Operational Highlights - The company reported non-recurring gains and losses of ¥17,558,365.45 for Q3 2022, primarily from government subsidies closely related to normal business operations[10] - Research and development expenses for the first three quarters of 2022 amounted to ¥789,868,605.61, a significant increase from ¥437,236,923.03 in the same period of 2021, reflecting a focus on innovation[34] - The total operating costs for the first three quarters of 2022 were ¥15,250,009,939.52, an increase from ¥12,461,493,731.40 in 2021, reflecting higher operational expenses[34] - The company's cash and cash equivalents amounted to ¥5.16 billion, significantly up from ¥2.12 billion in the previous year, indicating a growth of approximately 143%[25] - The company reported a significant increase in trading financial assets, which rose to ¥722.66 million from ¥311.61 million, a growth of about 132%[28] - The company's inventory stood at ¥3.39 billion, slightly down from ¥3.45 billion, showing a decrease of around 1.6%[28] - The total current assets reached ¥13.34 billion, up from ¥10.03 billion, marking an increase of approximately 33%[28] Financial Management - Financial expenses decreased to ¥60,694,396.43 in 2022 from ¥250,768,551.16 in 2021, indicating improved cost management[37] - The company has not engaged in margin financing or securities lending activities as stated in the report[23] - The company plans to expand its market presence and invest in new technologies to drive future growth[32] - The company experienced a foreign exchange impact on cash and cash equivalents of CNY 38,202,947.80, compared to a negative impact of CNY -76,173,003.30 in the previous year, indicating improved currency stability[45]

2022 年半年度报告 公司代码：603876 公司简称：鼎胜新材 债券代码：113534 债券简称：鼎胜转债 江苏鼎胜新能源材料股份有限公司 2022 年半年度报告 1 / 167 2022 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王诚、主管会计工作负责人楼清及会计机构负责人（会计主管人员）王瑛声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 ...

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,647,405,293.54, representing a year-on-year increase of 65.82%[6] - The net profit attributable to shareholders for Q1 2022 was ¥215,376,939.30, showing a significant increase of 387.45% compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was ¥192,035,026.13, reflecting a year-on-year increase of 497.89%[10] - The basic earnings per share for Q1 2022 was ¥0.44, an increase of 340.00% year-on-year[10] - The diluted earnings per share for Q1 2022 was ¥0.43, marking a 514.29% increase compared to the previous year[10] - The total comprehensive income for Q1 2022 was ¥221,013,467.65, compared to ¥39,584,695.17 in Q1 2021, reflecting a growth of 460.5%[34] - The company reported a total profit of ¥245,898,660.12 for Q1 2022, compared to ¥56,768,095.10 in Q1 2021, an increase of 333.5%[34] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥17,804,252,209.50, a 9.49% increase from the end of the previous year[10] - The company's total liabilities increased to RMB 11.39 billion from RMB 9.77 billion, reflecting a growth of about 16.5%[25] - The total assets of the company reached RMB 17.80 billion, up from RMB 16.26 billion, which is an increase of approximately 9.4%[25] - The company's total liabilities rose to ¥12,590,253,609.40, compared to ¥11,330,020,772.84 in the previous year, indicating an increase of 11.1%[30] - Shareholders' equity attributable to the parent company was ¥5,203,730,369.70, reflecting a 5.74% increase from the end of the previous year[10] Cash Flow - Cash inflow from operating activities totaled CNY 5,044,716,185.74, a significant increase from CNY 2,490,489,505.13 in the previous year, representing a growth of approximately 102%[35] - The net cash flow from operating activities was CNY 170,732,846.76, recovering from a negative CNY 127,293,315.24 in Q1 2021[35] - Cash inflow from financing activities was CNY 3,499,413,978.37, an increase from CNY 2,831,576,122.09 in the previous year[38] - The net cash flow from financing activities was CNY 128,172,270.81, a decrease from CNY 815,393,438.68 in Q1 2021[38] - The ending balance of cash and cash equivalents was CNY 542,126,779.14, compared to CNY 504,029,419.75 at the end of Q1 2021[38] Operational Metrics - The increase in operating revenue was attributed to higher sales volume and fluctuations in aluminum prices[13] - The increase in net profit was driven by the rise in sales of high value-added products[13] - Research and development expenses increased to ¥237,153,619.89 in Q1 2022, up 111.5% from ¥112,292,038.17 in Q1 2021[30] Current Assets and Liabilities - As of March 31, 2022, the company's total current assets amounted to approximately RMB 11.49 billion, an increase from RMB 10.03 billion as of December 31, 2021, representing a growth of about 14.6%[22] - The company's cash and cash equivalents stood at RMB 2.49 billion, up from RMB 2.12 billion, reflecting an increase of approximately 17.3% year-over-year[22] - Accounts receivable increased to RMB 2.33 billion from RMB 1.93 billion, marking a growth of approximately 20.6%[22] - Inventory levels rose to RMB 3.62 billion, compared to RMB 3.45 billion, indicating an increase of about 5.2%[22] - The company's accounts payable increased to RMB 1.03 billion from RMB 1.01 billion, showing a growth of about 1.7%[25] - The company reported a decrease in employee compensation payable to RMB 58.69 million from RMB 77.91 million, a decline of approximately 24.7%[25] Other Financial Activities - The company did not participate in margin financing or securities lending activities during the reporting period[19] - Cash outflow for investing activities was CNY 664,742,494.62, down from CNY 829,327,747.75 in the previous year[38] - The net cash flow from investing activities was negative CNY 585,796,714.63, compared to negative CNY 514,153,420.56 in Q1 2021[38] - The company received CNY 290,877,078.30 in tax refunds, up from CNY 151,960,293.55 in the previous year[35] - The company reported an increase in cash received from other operating activities to CNY 560,144,955.31, compared to CNY 444,864,011.25 in Q1 2021[35]

Financial Performance - The company's operating revenue for 2021 was CNY 18,167,906,522.60, representing a 46.20% increase compared to CNY 12,426,553,866.08 in 2020 [24]. - The net profit attributable to shareholders for 2021 was CNY 430,047,928.99, a significant recovery from a loss of CNY 14,994,348.11 in 2020, marking a 2,968.07% increase [24]. - The net cash flow from operating activities reached CNY 699,281,165.17 in 2021, compared to a negative cash flow of CNY 744,789,346.88 in 2020, indicating a 193.89% improvement [24]. - The total assets at the end of 2021 were CNY 16,261,178,719.52, up 22.00% from CNY 13,328,792,457.05 at the end of 2020 [24]. - The basic earnings per share for 2021 was CNY 0.94, a turnaround from a loss of CNY 0.03 per share in 2020, reflecting a 3,233.33% increase [24]. - The weighted average return on equity increased to 10.0% in 2021, up 10.39 percentage points from -0.39% in 2020 [24]. - The company reported a net profit of CNY 167,347,739.54 in Q4 2021, showing a strong performance compared to CNY 110,642,133.39 in Q3 2021 [27]. - The company's net assets attributable to shareholders increased by 29.56% to CNY 4,920,929,920.38 at the end of 2021, compared to CNY 3,798,111,058.64 at the end of 2020 [24]. - The company achieved an operating revenue of approximately RMB 18.168 billion, up 46.20% compared to the previous year [62]. - The net profit attributable to the parent company was RMB 430 million, reflecting a significant year-on-year increase of 2968.33% [61]. Market and Product Development - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the coming years [24]. - In 2021, the company achieved a total aluminum sales volume of approximately 806,200 tons, an increase of 10.62% year-on-year, with sales of aluminum foil for electric vehicle batteries reaching 55,700 tons, up 131.50% year-on-year [35]. - The company is focusing on expanding its production capacity for battery aluminum foil, which is a key growth area in response to increasing market demand [47]. - The company aims to strengthen its leading position in the aluminum foil industry by focusing on R&D, refined investment, and global sales strategies [92]. - The company plans to enter the new energy and new materials sectors, enhancing its profitability and market influence [94]. - The company is positioned to benefit from supportive national policies for the aluminum processing industry and the rapid development of the new energy vehicle sector [91]. - The company is accelerating the construction and production of fundraising projects and overseas factories to meet the growing demand for battery aluminum foil in the European new energy market [100]. Governance and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm [5]. - The company has established a comprehensive internal control management system, ensuring effective financial reporting without significant deficiencies [114]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements [110]. - The company has implemented a robust information disclosure system to ensure the accuracy and timeliness of information shared with investors [111]. - The company has actively engaged with investors through various channels, enhancing communication and trust in the capital market [112]. - The independent directors have consistently fulfilled their responsibilities, attending meetings and providing independent opinions [110]. - The company has not reported any significant differences in governance compared to regulatory requirements [114]. Environmental Responsibility - The company reported nitrogen oxide emissions at a concentration of 14.541 mg/m³, below the standard limit of 180 mg/m³, with a total emission of 29.67 tons [172]. - Sulfur dioxide emissions were recorded at 3.94 mg/m³, significantly below the standard limit of 80 mg/m³, with a total emission of 4.93 tons [172]. - The company has implemented effective pollution control measures, ensuring compliance with environmental standards during production, with emissions from various processes treated and discharged through stacks of heights ranging from 15 to 30 meters [186]. - The wastewater treatment system operates stably, achieving zero discharge after treatment, with the effluent meeting local standards [186]. - The company has adopted a green energy strategy, replacing coal with natural gas and installing solar panels to reduce carbon emissions [193]. - The company is focusing on the development of a circular economy, promoting the recycling of aluminum and enhancing resource utilization [196]. Shareholder Engagement and Dividends - The company plans to distribute a cash dividend of RMB 0.20 per share (before tax) to all shareholders, with no stock bonus or capital increase [6]. - The company has set a three-year shareholder dividend return plan for 2021-2023 [138]. - The proposed cash dividend for 2021 represents less than 30% of the net profit attributable to shareholders, as the company is in a critical phase of rapid development and strategic transformation, requiring significant capital for expansion and investment [159]. - The total remuneration paid to all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 9.635 million [133]. Strategic Challenges and Risks - The company faces risks from aluminum price fluctuations, which can significantly impact short-term profit levels due to its pricing model based on aluminum ingot prices [101]. - Export risks include international trade protection policies that may affect competitiveness and demand for aluminum foil products in foreign markets [102]. - The company is exposed to exchange rate fluctuations, primarily due to its export transactions being settled in USD, which can lead to potential gains or losses [105]. - Changes in tax incentives for high-tech enterprises and export rebates could increase the company's tax burden, negatively impacting performance [105]. Human Resources and Training - The total number of employees at the parent company and major subsidiaries is 5,291, with 1,918 at the parent company and 3,373 at subsidiaries [150]. - The company has established a training plan aimed at improving employee skills and aligning with overall corporate development needs [153]. - The company employed 702 R&D personnel, making up 13.27% of the total workforce [76].

Financial Performance - The company's revenue for Q3 2021 reached ¥4,815,209,737.80, representing a year-over-year increase of 43.74%[6] - Net profit attributable to shareholders for Q3 2021 was ¥110,642,133.39, showing a significant increase of 18,226.74% compared to the same period last year[6] - Basic earnings per share for Q3 2021 were ¥0.23, reflecting a growth of 9,284.66% year-over-year[8] - The company reported a year-to-date revenue of ¥12,864,212,728.99, which is up 42.96% from the previous year[6] - Net profit attributable to shareholders for the year-to-date period was ¥262,700,189.45, with no applicable year-over-year comparison[6] - Total operating revenue for the first three quarters of 2021 reached ¥12,864,212,728.99, a significant increase from ¥8,998,602,036.41 in the same period of 2020, representing a growth of approximately 43.5%[30] - Net profit for the third quarter of 2021 was ¥261,844,329.68, compared to a net loss of ¥12,928,424.57 in the third quarter of 2020, indicating a strong recovery[33] - Basic earnings per share for Q3 2021 were ¥0.59, a recovery from a loss of ¥0.03 per share in Q3 2020[34] - Operating profit for Q3 2021 was ¥309,244,518.13, compared to an operating loss of ¥4,049,792.28 in Q3 2020, showing a significant turnaround[33] - The company reported a total comprehensive income of ¥239,089,759.97 for Q3 2021, compared to a loss of ¥26,444,331.07 in Q3 2020, indicating a strong performance[34] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥15,852,748,066.25, an increase of 18.94% from the end of the previous year[8] - Total assets rose to ¥15,852,748,066.25 in Q3 2021, compared to ¥13,328,792,457.05 in Q3 2020, marking an increase of about 18.9%[30] - Total liabilities increased to ¥11,104,422,153.17 in Q3 2021, up from ¥9,517,782,523.43 in Q3 2020, representing a growth of approximately 16.7%[30] - The company's total equity reached ¥4,748,325,913.08 in Q3 2021, compared to ¥3,811,009,933.62 in Q3 2020, indicating an increase of about 24.6%[30] - Total current liabilities increased to ¥8,933,369,756.39 in Q3 2021, up from ¥6,452,327,400.44 in Q3 2020, reflecting a growth of approximately 38.5%[30] Cash Flow - The net cash flow from operating activities for the year-to-date period was -¥209,769,890.02, indicating a decline of 717.06% compared to the same period last year[8] - Operating cash inflow for the first three quarters of 2021 was CNY 9,914,248,294.84, an increase of 36.0% compared to CNY 7,278,663,825.46 in the same period of 2020[39] - Net cash outflow from operating activities was CNY -209,769,890.02, a decrease from CNY 33,995,151.61 in the previous year[39] - Total cash outflow from operating activities was CNY 10,124,018,184.86, up from CNY 7,244,668,673.84 in the previous year[39] - Cash paid for purchasing goods and services was CNY 6,726,784,972.57, compared to CNY 5,625,672,535.95 in the same period last year[39] Shareholder Information - The company reported a total of 14,790 common shareholders at the end of the reporting period[17] - The largest shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., holds 138,704,300 shares, representing 28.68% of total voting rights[17] Market Strategy - The company attributed the revenue growth primarily to increased sales volume and rising sales prices[14] - The company plans to continue focusing on expanding its market presence and enhancing product offerings in the upcoming quarters[14] Current Assets - Total current assets as of September 30, 2021, amounted to RMB 9,678,034,864.88, an increase from RMB 6,953,372,337.41 in the previous year[25] - Cash and cash equivalents increased to RMB 2,069,676,522.26 from RMB 1,155,003,104.13 year-over-year[25] - Accounts receivable rose to RMB 2,254,411,228.47 compared to RMB 1,543,483,843.87 in the previous year, indicating a significant growth[25] - Inventory increased to RMB 3,300,777,857.54 from RMB 2,502,931,431.78, reflecting a growth of approximately 32%[25] - Non-current assets include fixed assets valued at RMB 4,747,982,610.05, up from RMB 4,396,263,748.88[25] - The total amount of other current assets is RMB 488,767,605.05, an increase from RMB 290,777,043.96[25] - The company’s goodwill remains stable at RMB 112,290,666.32, unchanged from the previous year[25] Research and Development - Research and development expenses increased to ¥437,236,923.03 in Q3 2021, up from ¥298,221,075.92 in Q3 2020, reflecting a growth of approximately 46.7%[33] Investment Activities - Cash inflow from investment activities totaled CNY 2,580,190,009.88, down 25.0% from CNY 3,438,119,068.01 in the same period last year[41] - Net cash outflow from investment activities was CNY -32,782,317.94, compared to CNY -1,113,466,925.21 in the previous year[41] Financing Activities - Cash inflow from financing activities was CNY 6,644,539,695.18, a decrease of 6.1% from CNY 7,074,132,332.98 in the same period last year[41] - Net cash inflow from financing activities was CNY 441,058,669.10, down from CNY 1,060,862,298.29 in the previous year[41] - The ending cash and cash equivalents balance was CNY 478,429,307.06, compared to CNY 875,423,623.85 at the end of the same period last year[41] - The company received CNY 519,351,875.45 in tax refunds, an increase from CNY 349,284,013.00 in the previous year[39]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2021, representing a year-on-year growth of 25%[17]. - The company's operating revenue for the first half of the year reached ¥8,049,002,991.19, representing a 42.49% increase compared to ¥5,648,693,458.82 in the same period last year[23]. - Net profit attributable to shareholders was ¥152,058,056.06, a significant turnaround from a loss of ¥12,549,719.36 in the previous year, marking an increase of 1,311.65%[23]. - The basic earnings per share increased to ¥0.6 from a loss of ¥0.03, reflecting a growth of 2,100.00%[23]. - The total profit before tax amounted to approximately 187.34 million, compared to a loss of 9.02 million in the previous year[200]. - Net profit reached approximately 150.85 million, contrasting with a net loss of 14.15 million in the prior year[200]. - The profit attributable to shareholders of the parent company was approximately 152.06 million, while the loss attributable to minority shareholders was about 1.21 million[200]. Market and Growth Strategy - The company has set a future outlook with a revenue target of 2.5 billion RMB for the full year 2021, which would require a 20% increase in the second half[17]. - User data indicates a growing customer base, with an increase of 15% in active users compared to the previous year, reaching 500,000 active users[17]. - The company is expanding its market presence, targeting a 10% increase in market share in the renewable materials sector by the end of 2021[17]. - The company plans to enhance its online sales channels, aiming for a 30% increase in e-commerce revenue by the end of 2021[17]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[199]. Research and Development - New product development includes the launch of a next-generation material expected to enhance performance by 30% over existing products, with a projected release date in Q4 2021[17]. - The company has allocated 100 million RMB for R&D in new technologies aimed at improving production efficiency by 15%[17]. - Research and development expenses for the first half of 2021 were ¥278,286,031.71, a significant increase of 65.9% compared to ¥167,778,254.88 in the same period of 2020[199]. - The company has obtained a total of 137 patents, including 37 invention patents, with the number of invention patents increasing annually[47]. Financial Position - The company's total assets grew by 22.20% to ¥16,287,148,819.07 from ¥13,328,792,457.05 at the end of the previous year[23]. - The company's total assets reached approximately 16.287 billion yuan, a year-on-year increase of 22.20%[51]. - The company's cash and cash equivalents rose to ¥826,564,132.25, up from ¥351,975,328.50, indicating a growth of 134%[192]. - The company's accounts receivable increased to approximately 2.09 billion RMB from 1.54 billion RMB year-over-year[185]. - The total current liabilities rose to approximately 9.19 billion RMB, compared to 6.45 billion RMB in the previous year[188]. Operational Efficiency - The company employs a "sales-driven production" model, enhancing production efficiency through a well-structured production management system[34]. - The company has implemented lean management practices, resulting in cost reductions and efficiency improvements across multiple dimensions[51]. - The company has developed advanced production processes and innovative alloy formulations, improving product performance and reducing production costs[46]. Environmental Compliance - The company is classified as a key pollutant discharge unit, adhering to environmental regulations and ensuring that its emissions meet standards[80]. - The company has implemented environmental management systems and maintains normal operation of its pollution control facilities[82]. - The company has reported nitrogen oxide emissions of 21.75 tons, which is below the regulatory limit of 60.98 tons[83]. - The company’s wastewater discharge included a COD concentration of 71.81 mg/l, significantly below the standard limit of 500 mg/l, with a total discharge of 12.93 tons[83]. - The company has installed online monitoring systems for COD, ammonia nitrogen, and pH levels in its wastewater treatment plant, ensuring compliance with environmental monitoring standards[87]. Risks and Challenges - The management highlighted potential risks, including supply chain disruptions that could impact production capacity by up to 20%[17]. - The company faces risks from aluminum price fluctuations, which could significantly impact short-term profit levels[68]. - Export risks include potential impacts from international trade protection policies, affecting competitiveness in foreign markets[68]. - The company faces potential risks from environmental pollution incidents due to its large production scale and complex operating environment[72]. Shareholder and Governance - The company has committed to a 36-month lock-up period for shares held by major shareholders, during which they will not transfer or manage their shares[99]. - Major shareholders are restricted from selling shares for 36 months post-IPO, ensuring stability in the share price[100]. - The company has established a long-term commitment to avoid any related party transactions that could harm shareholder interests[107]. - The company’s controlling shareholder and actual controllers committed to not interfering in the company's management activities and to uphold the interests of the company and all shareholders[114]. - The company plans to enhance its internal control systems to prevent any form of related party fund occupation and to maintain the interests of all shareholders[119].