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].

证券代码：603876 证券简称：鼎胜新材 公告编号：2023-034 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 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 04 日(星期四) 至 05 月 10 日(星期 三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 dingshengxincai@dingshengxincai.com 进行提问。公 司将在说明会上对投资者普遍关注的问题进行回答。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度 的经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在 信息披露允许的范围内就投资者普遍关注的问题进行回答。 江苏鼎胜新能源材料股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 ...

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]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥11,445,462,664.38, representing a 42.20% increase compared to ¥8,049,002,991.19 in the same period last year[24]. - The net profit attributable to shareholders of the listed company was ¥596,786,519.09, a significant increase of 292.47% from ¥152,058,056.06 in the previous year[24]. - The net cash flow from operating activities was ¥1,151,343,041.75, a turnaround from a negative cash flow of -¥88,037,800.58 in the same period last year, marking a 1,407.78% increase[24]. - The company's total assets at the end of the reporting period were ¥19,886,794,211.79, up 22.30% from ¥16,261,178,719.52 at the end of the previous year[24]. - The basic earnings per share for the first half of 2022 was ¥1.22, an increase of 281.25% compared to ¥0.32 in the same period last year[24]. - The company achieved a total revenue of approximately CNY 11.445 billion in the first half of 2022, representing a year-on-year increase of 42.20%[53]. - The net profit attributable to the parent company was CNY 597 million, a significant increase of 292.47% compared to the same period last year[53]. - Total assets increased by 22.30% to approximately CNY 19.887 billion, while equity attributable to shareholders rose by 11.62% to about CNY 5.493 billion[53]. Stock and Incentive Plans - The company completed the grant of 3.7807 million restricted stocks under the 2022 incentive plan[11]. - The company’s 2022 restricted stock incentive plan was approved in multiple board and shareholder meetings[10]. - The company has completed the registration and capital change for the restricted stock incentive plan with local authorities[10]. - The company completed the registration of 318.07 million restricted stock grants under the 2022 incentive plan[79]. - The company completed the registration of 600,000 reserved restricted stocks under the 2022 incentive plan[81]. - The company issued 3,780,700 new shares, increasing the total share count to 489,767,839 shares[144]. - The company completed the registration of the restricted stock incentive plan on March 23, 2022[161]. - The company granted a total of 575,000 restricted stock units during the reporting period, with no shares unlocked[161]. Research and Development - The company has established multiple provincial and municipal R&D platforms, enhancing its ability to capture industry trends and accelerate the commercialization of technological achievements[48]. - The company has developed a new generation of aluminum foil for power lithium batteries using a "casting-rolling" green manufacturing technology, which significantly reduces production costs and enhances market competitiveness[45]. - Research and development expenses rose significantly by 87.59% to ¥522,034,069.87 from ¥278,286,031.71, indicating increased investment in R&D[57]. - Research and development expenses for the first half of 2022 were ¥522,034,069.87, compared to ¥278,286,031.71 in the same period of 2021, representing an increase of approximately 87.6%[199]. Environmental Management - The company has implemented comprehensive safety management systems to minimize risks of production accidents, although complexities in the production environment still pose potential hazards[69]. - Environmental protection measures are in place, including compliance with environmental impact assessments and certifications, but the company acknowledges potential risks of pollution incidents due to its large-scale operations[69]. - The company is actively pursuing green energy initiatives, including replacing coal with natural gas and installing solar panels to reduce carbon emissions[106]. - The company has established an emergency response plan for environmental incidents, ensuring effective monitoring and management of environmental risks[97]. - The company has committed to enhancing its environmental management practices and has organized training to raise employee awareness of environmental protection[105]. - The wastewater treatment system operates stably, achieving zero discharge after treatment, with the Inner Mongolia subsidiary's wastewater undergoing two-stage purification before reuse[95]. - The company has received administrative penalties totaling RMB 154,000 due to violations related to hazardous waste storage and air pollution control measures[101][102]. Risk Management - The company faces risks related to raw material price fluctuations, particularly in aluminum ingots, which can significantly impact short-term profit levels due to the pricing model based on aluminum prices plus processing fees[68]. - The company exports primarily in USD, exposing it to exchange rate fluctuations that could lead to gains or losses, despite using financial instruments to mitigate these risks[68]. - The company has strengthened its investor relations management, ensuring timely and accurate information disclosure to enhance transparency and stakeholder trust[54]. Corporate Governance - The company has established fair transaction principles to avoid conflicts of interest in related party transactions, ensuring transparency and compliance with regulations[110]. - The commitment to avoid related party transactions includes a requirement for fair pricing based on market standards[110]. - The company has a long-term commitment to adhere to legal and regulatory requirements regarding share transfers and related party transactions[110]. - The company received a warning and a fine of 1.5 million yuan from the Jiangsu Securities Regulatory Bureau due to related party fund occupation and information disclosure violations[118]. - The actual controller and former chairman, Zhou Xianhai, was fined 2.3 million yuan, while the former director and CFO, Li Xiang, was fined 700,000 yuan for their roles in the violations[118]. - The company has committed to enhancing internal management and compliance with laws and regulations to protect investor rights and ensure sustainable development[118]. Subsidiaries and Investments - The company has a total of 15 controlled subsidiaries, with total assets amounting to approximately 1,000,000,000 RMB, and a net profit of 19,567.96 million RMB from its main subsidiary, Wuxing Aluminum[65]. - The company reported a net profit of 16,380.50 million RMB from its subsidiary, Liancheng New Materials, which specializes in the production and sales of aluminum plates and foils[65]. - The company’s subsidiary, Ding Sheng Import and Export, reported a net loss of 909.44 million RMB, indicating challenges in its trading operations[65]. - The company’s total assets across its subsidiaries include significant holdings in aluminum production and trading, with total assets of 373,229.83 million RMB in Liancheng New Materials[65]. Shareholder Information - The number of shareholders reached 14,907 by the end of the reporting period[151]. - The top ten shareholders held a total of 28.36% of shares, with Hangzhou Dingsheng Industrial Group Co., Ltd. holding 138,704,300 shares (28.36%) and Beijing Purun Square Equity Investment Center holding 51,707,100 shares (10.57%)[154]. - The company’s management saw significant increases in shareholdings due to the 2022 restricted stock incentive plan, with one director increasing holdings from 1,700 to 30,000 shares[158]. - The company’s total share capital increased due to the conversion of convertible bonds, impacting financial metrics positively[149].

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 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 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].

Financial Performance - The company's operating revenue for 2020 was approximately CNY 12.43 billion, an increase of 10.59% compared to CNY 11.24 billion in 2019[30]. - The net profit attributable to shareholders for 2020 was a loss of CNY 14.99 million, a decrease of 104.86% from a profit of CNY 308.72 million in 2019[30]. - The net cash flow from operating activities for 2020 was a negative CNY 744.79 million, worsening from a negative CNY 636.49 million in 2019, representing a 17.01% increase in cash outflow[30]. - The total assets at the end of 2020 were approximately CNY 13.33 billion, a decrease of 1.54% from CNY 13.54 billion at the end of 2019[30]. - The basic earnings per share for 2020 was -CNY 0.03, a decline of 104.17% compared to CNY 0.72 in 2019[31]. - The company's aluminum production reached approximately 732,700 tons, with sales of 728,800 tons[72]. - The net profit attributable to the parent company was a loss of RMB 14.99 million, a decline of 104.86% year-on-year[72]. - The total assets of the company as of December 31, 2020, were approximately RMB 13.33 billion, a decrease of 1.54% year-on-year[79]. - The company reported a significant increase in financial expenses by 144.39% to RMB 267.66 million[82]. - The company implemented cost reduction and efficiency enhancement measures, resulting in a 13.27% increase in operating costs to RMB 11.37 billion[82]. Dividends and Shareholder Returns - The company reported no cash dividends for the fiscal year 2020, nor will it implement stock bonuses or capital reserve transfers to increase share capital[6]. - The company has a cash dividend policy in place since May 2017, which has not been adjusted during the reporting period, ensuring shareholder returns[127]. - The company distributed cash dividends of RMB 1.00 per 10 shares for the years 2017 and 2018, totaling RMB 43 million each year[130][131]. - In 2019, the company also distributed cash dividends of RMB 1.00 per 10 shares, amounting to RMB 43,362,830.10, based on a total share capital of 433,628,301 shares[131]. - For the year 2020, the company reported a net loss of RMB 14,994,348.11 and proposed not to distribute any cash dividends due to operational losses and the need for capital to support business transformation[135][132]. - The total cash dividends distributed over the past three years amounted to RMB 129,362,830.10, with no dividends proposed for 2020[135]. Corporate Governance and Compliance - The company has not disclosed any significant changes in its board of directors or supervisory board during the reporting period[4]. - The company has not violated any regulatory decision-making procedures in providing guarantees[8]. - The company has committed to avoiding any related transactions with its controlling shareholders and major stakeholders[152]. - There are no existing competitive situations between the company and its controlling shareholders or their subsidiaries[155]. - The company has committed to ensuring that all disclosures are truthful, accurate, and complete, and will bear legal responsibility for any misleading statements[179]. - The controlling shareholder has promised not to interfere in the company's management and to uphold the interests of the company[182]. Risks and Challenges - The company has outlined potential risks in its future development strategies, urging investors to be cautious[7]. - The company faces risks from aluminum price fluctuations, which can significantly impact short-term profit levels due to the pricing model based on aluminum ingot prices[115]. - Export risks include international trade protection policies that may affect competitiveness and demand for aluminum foil products in foreign markets[118]. - The company is exposed to exchange rate fluctuations, particularly with the RMB/USD rate, which can impact export revenues and lead to potential foreign exchange gains or losses[120]. - The company faced challenges due to the COVID-19 pandemic, impacting production capacity and logistics[71]. Production and Operations - The company's main raw materials are aluminum ingots and aluminum billets, with procurement based on production plans determined by sales conditions[43]. - The company employs a "sales-driven production" model, enhancing production efficiency through a well-established production management system[44]. - The company has rapidly become the leading manufacturer of air conditioning foil in China, capitalizing on the shift from hydrophilic coating foil to light foil around 2005[57]. - The company has successfully increased its production volume of single zero and double zero foil, enhancing profitability and expanding into downstream packaging and consumer sectors[57]. - The company has positioned itself as a leader in the lithium battery aluminum foil market, driven by the explosive growth in demand for new energy vehicles and energy storage solutions[57]. - The company has developed advanced production processes, including the "casting-rolling" method for lithium battery aluminum foil, which reduces production costs and improves market competitiveness[65]. - The company has established long-term stable partnerships with multiple electrolytic aluminum and aluminum processing enterprises, mitigating the impact of price fluctuations[43]. Research and Development - Total R&D expenses amounted to ¥432.29 million, representing 3.48% of total revenue, with 671 R&D personnel, accounting for 13.46% of total staff[93]. - Future R&D investments will focus on key products such as double-zero foil, brazing foil, and battery foil, emphasizing innovation in production processes[113]. - The company aims to enhance profitability and market influence through proactive R&D and global sales strategies[109]. Legal Matters - The company is involved in a lawsuit with Guangdong Zhigao Air Conditioning Co., Ltd., with the amount involved in the litigation totaling approximately 7.4 million RMB[195]. - The company has reached a mediation agreement in the lawsuit with Guangdong Zhigao, requiring the defendant to pay a total of 5.73 million RMB in two installments[195]. - The company is also facing a lawsuit from Li Jianbing, claiming compensation of 16.61 million RMB due to economic losses caused by a work stoppage[197]. Audit and Financial Oversight - The company’s financial report has been audited by Tianjian Accounting Firm, which issued a standard unqualified opinion[5]. - The company has appointed Tianjian Accounting Firm as its financial audit institution for the year 2020, with an audit fee of 1.25 million RMB[192].

Financial Performance - Operating revenue for the first quarter reached CNY 3,405,744,379.11, a growth of 30.21% year-on-year[15] - Net profit attributable to shareholders was CNY 44,181,296.98, reflecting a 19.78% increase from the same period last year[15] - The company reported a decrease of 9.06% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to CNY 32,116,366.61[15] - Diluted earnings per share decreased by 56.25% to CNY 0.07 compared to CNY 0.16 in the previous year[17] - The total profit for the first quarter of 2021 was CNY 56.77 million, compared to CNY 46.49 million in the first quarter of 2020, indicating a growth of approximately 22.4%[54] - The comprehensive income total for the first quarter of 2021 was CNY 39.58 million, compared to CNY 21.03 million in the first quarter of 2020, representing an increase of approximately 88.5%[54] - The operating profit for the first quarter of 2021 was CNY 58.54 million, compared to CNY 47.05 million in the same period of 2020, reflecting an increase of about 24.5%[54] - The total profit margin for the first quarter of 2021 was approximately 2.05%, compared to 1.83% in the first quarter of 2020, indicating an improvement in profitability[54] Cash Flow - The net cash flow from operating activities was negative at CNY -127,293,315.24, compared to a positive CNY 1,261,942.89 in the previous year[15] - Cash inflow from operating activities for Q1 2021 was CNY 2,490,489,505.13, an increase of 18.6% compared to CNY 2,100,548,258.87 in Q1 2020[64] - Cash outflow from operating activities for Q1 2021 was CNY 2,617,782,820.37, up from CNY 2,099,286,315.98 in Q1 2020, resulting in a net cash flow from operating activities of -CNY 127,293,315.24[64] - The company experienced a net cash outflow from operating activities, indicating potential challenges in maintaining positive cash flow amidst increased operational costs[64] - Cash inflow from financing activities for Q1 2021 was CNY 2,831,576,122.09, an increase of 31.2% compared to CNY 2,157,054,186.31 in Q1 2020[66] - Cash outflow from financing activities for Q1 2021 was CNY 2,016,182,683.41, a decrease from CNY 2,184,544,019.94 in Q1 2020, resulting in a net cash flow from financing activities of CNY 815,393,438.68[66] - The net increase in cash and cash equivalents for Q1 2021 was CNY 147,933,570.53, compared to a decrease of CNY 228,090,778.24 in Q1 2020[66] - The ending balance of cash and cash equivalents for Q1 2021 was CNY 504,029,419.75, down from CNY 675,654,032.06 in Q1 2020[66] Assets and Liabilities - Total assets increased by 18.01% to CNY 15,729,165,880.28 compared to the end of the previous year[15] - Current assets increased to ¥9,339,615,932.23 from ¥6,953,372,337.41, representing a growth of approximately 34.4% year-over-year[37] - Total liabilities rose to ¥11,878,571,251.48 from ¥9,517,782,523.43, which is an increase of approximately 24.7%[42] - The company's total liabilities increased significantly, with accounts payable rising by 95.89% to CNY 2,228,440,959.82 in Q1 2021, compared to CNY 1,137,616,815.35 in Q1 2020, due to increased bill pledges[28] - Non-current liabilities decreased slightly to ¥3,013,078,439.61 from ¥3,065,455,122.99, showing a reduction of approximately 1.7%[42] - The company's equity attributable to shareholders increased to ¥3,839,044,450.34 from ¥3,798,111,058.64, reflecting a growth of about 1.1%[42] Shareholder Information - The number of shareholders at the end of the reporting period was 19,987[22] - The largest shareholder, Hangzhou Dingsheng Industrial Group Co., Ltd., held 31.99% of the shares, totaling 138,704,300 shares[22] Research and Development - Research and development expenses increased by 94.49% to CNY 112,292,038.17 in Q1 2021, up from CNY 57,737,881.88 in Q1 2020, due to increased investment in new products and technologies[31] - Research and development expenses for the first quarter of 2021 amounted to CNY 84.26 million, significantly higher than CNY 36.95 million in the same period of 2020, marking an increase of about 128.5%[57]