证券代码：603906 证券简称：龙蟠科技 公告编号：2023-120 江苏龙蟠科技股份有限公司 2023 年第六次临时股东大会决议公告 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法律责任。 (一) 股东大会召开的时间：2023 年 8 月 18 日 (二) 股东大会召开的地点：南京经济技术开发区恒通大道 6 号江苏龙蟠科技 股份有限公司二楼大会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 二、 议案审议情况 审议结果：通过 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 35 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 240,762,581 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 42.7645 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长石俊峰先生主持，本次会议以现 ...

江苏龙蟠科技股份有限公司 2023 年第六次临时股东大会 会议资料 2023 年第六次临时股东大会会议须知 为维护投资者的合法权益，保障股东及股东代表在公司2023年第六次临时股 东大会期间依法行使权利，确保股东大会的正常秩序和议事效率，根据《公司法》、 《江苏龙蟠科技股份有限公司章程》的相关规定，特制定本须知，请参加股东大 会的全体人员遵照执行。 一、请出席现场会议的股东及股东代表于会议召开前 15 分钟到达会场签到， 并请按规定出示股票账户卡、身份证或法人单位证明、授权委托书以及出席人身 份证等，经验证后领取会议资料，方可出席会议。 二、为保证股东大会的严肃性和正常秩序，除出席会议的股东及股东代表、 公司董事、监事、高管人员、聘任律师及董事会邀请的人员外，公司有权依法拒 绝其他人员进入会场。 三、请参会人员自觉遵守会场秩序，进入会场后，请关闭手机或调至振动状 态。 二〇二三年八月 目 录 一、2023 年第六次临时股东大会会议须知 二、2023 年第六次临时股东大会会议议程 三、2023 年第六次临时股东大会会议议案 1、《关于变更部分募集资金投资项目的议案》 江苏龙蟠科技股份有限公司 四、本次会议表决方 ...

证券代码：603906 证券简称：龙蟠科技 公告编号：2023-119 江苏龙蟠科技股份有限公司 关于对外担保的进展公告 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： 被担保人：江苏可兰素环保科技有限公司（以下简称"江苏可兰素"）、 江苏贝特瑞纳米科技有限公司（以下简称"江苏纳米"）、宜丰时代新能源科技 有限公司（以下简称"宜丰时代"），均为江苏龙蟠科技股份有限公司（以下简 称"公司"或"龙蟠科技"）并表范围内的下属公司。 （二）履行的决策程序 公司分别于 2023 年 4 月 25 日和 2023 年 5 月 17 日召开第四届董事会第五次 会议、2022 年年度股东大会，审议通过了《关于向金融机构申请综合授信额度 及为综合授信额度内融资提供担保的议案》，预计自 2022 年年度股东大会审议通 过之日起至 2023 年年度股东大会召开之日止，公司及其下属公司合计向银行申 请不超过人民币 183 亿元的年度综合授信额度（最终以银行实际审批的授信额度 为准），向非银行金融机构申请不超过人民币 15 亿元的 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,083,647,355.13, a decrease of 18.55% compared to the same period last year[6] - The net profit attributable to shareholders was -¥222,743,444.40, representing a decline of 204.56% year-on-year[6] - The basic and diluted earnings per share were both -¥0.40, a decrease of 190.91% compared to the previous year[6] - Net loss for Q1 2023 was ¥279,805,717.68, compared to a net profit of ¥302,740,319.66 in Q1 2022[21] - The company's operating profit for Q1 2023 was -¥332,353,604.58, a significant decline from ¥398,224,707.30 in Q1 2022[20] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥17,670,453,356.90, an increase of 20.28% from the end of the previous year[7] - Total assets increased to ¥17,670,453,356.90 in Q1 2023, compared to ¥14,690,671,466.98 in Q1 2022, reflecting a growth of 20.2%[18] - Total liabilities rose to ¥12,316,059,563.18 in Q1 2023, up from ¥9,081,207,233.00 in Q1 2022, marking an increase of 35.5%[18] - Non-current assets totaled ¥5,954,969,425.81 in Q1 2023, compared to ¥5,420,967,296.57 in Q1 2022, indicating a growth of 9.8%[18] Cash Flow - The net cash flow from operating activities was -¥460,297,535.13, a decrease of 46.85% year-on-year[6] - In Q1 2023, the company's cash inflow from operating activities was CNY 880,126,293.94, a decrease of 35.3% compared to CNY 1,359,307,370.75 in Q1 2022[23] - The net cash flow from operating activities was -CNY 460,297,535.13, improving from -CNY 866,001,095.94 in the same period last year[23] - The total cash outflow from investing activities was CNY 1,187,342,198.66, an increase of 80.7% compared to CNY 657,402,842.77 in Q1 2022[24] - The net cash flow from investing activities was -CNY 1,145,822,369.45, worsening from -CNY 535,930,966.27 year-over-year[24] - Cash inflow from financing activities reached CNY 4,524,903,588.60, a significant increase of 159.5% compared to CNY 1,745,544,745.30 in Q1 2022[24] - The net cash flow from financing activities was CNY 3,129,147,192.29, up from CNY 1,321,441,577.19 in the previous year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,270[12] - The largest shareholder, Shi Junfeng, holds 212,662,195 shares, representing 37.63% of total shares[12] - The total number of shares held by the top 10 shareholders includes significant stakes from institutional investors such as Ping An Fund and Industrial and Commercial Bank of China[13] Other Financial Metrics - The weighted average return on equity was -4.84%, a decrease of 13.98 percentage points compared to the previous year[6] - The company reported an investment income of ¥18,897,243.30 in Q1 2023, a significant increase from ¥325,615.76 in Q1 2022[20] - The company's deferred tax assets increased to ¥120,245,956.72 in Q1 2023, compared to ¥62,295,770.15 in Q1 2022, reflecting a growth of 93.1%[18] - The company's cash and cash equivalents increased by 73.08% due to an increase in bank loans during the reporting period[9] - The company's cash and cash equivalents as of March 31, 2023, amount to ¥3,513,066,013.40, an increase from ¥2,029,680,896.45 at the end of 2022[16] Inventory and Receivables - Inventory as of March 31, 2023, is valued at ¥3,284,397,155.05, compared to ¥3,007,275,300.29 at the end of 2022[16] - The company reported accounts receivable of ¥1,355,051,574.78, down from ¥2,121,005,349.80 in the previous year[16] Impairment and Costs - The company experienced a substantial increase in asset impairment losses, which rose by 1,230,790.80% due to increased inventory write-downs[9] - Total operating costs increased to ¥2,227,437,609.21 in Q1 2023, up 3.1% from ¥2,159,080,351.66 in Q1 2022[20] Corporate Developments - The company has not disclosed any significant new product developments or market expansion strategies in the current report[15] - There are no reported changes in the audit opinion type for the financial statements[16] - The company has not indicated any related party transactions among the top shareholders beyond the relationship between Shi Junfeng and Zhu Xianglan[14]

Financial Performance - The company's operating revenue for 2022 reached CNY 14,071,642,953.77, representing a 247.15% increase compared to CNY 4,053,505,420.73 in 2021[24]. - Net profit attributable to shareholders was CNY 752,923,904.90, up 114.61% from CNY 350,839,426.93 in the previous year[24]. - The basic earnings per share increased to CNY 1.42, a 94.52% rise from CNY 0.73 in 2021[25]. - Total assets at the end of 2022 were CNY 14,690,671,466.98, a 140.63% increase from CNY 6,105,089,676.59 in 2021[24]. - The company reported a net cash flow from operating activities of -CNY 3,249,144,279.47, a significant decline compared to -CNY 408,571,099.18 in 2021[24]. - The weighted average return on equity increased to 21.12%, up 3.88 percentage points from 17.24% in 2021[25]. - The company’s net assets attributable to shareholders reached CNY 4,722,640,242.61, a 136.83% increase from CNY 1,994,128,320.15 in 2021[24]. - Non-recurring gains and losses amounted to CNY 47,145,382.99, compared to CNY 22,967,947.35 in 2021[29]. - The company achieved total operating revenue of CNY 14,071.64 million in 2022, representing a 247.15% increase compared to the previous year[33]. - The revenue from lithium iron phosphate cathode materials reached CNY 12,241.87 million, a significant increase of 552.26% year-on-year[57]. Dividends and Profit Distribution - The company distributed cash dividends of RMB 1.86 per 10 shares, totaling RMB 105,104,675.96 during the semi-annual profit distribution plan implemented on September 30, 2022[7]. - As of December 31, 2022, the company's available distributable profits amounted to RMB 449,607,621.85, with no profit distribution planned for the year due to ongoing transformation and capacity expansion needs[8]. - The company has not distributed profits or increased capital reserves during the reporting period, opting to reinvest profits into operations[8]. - The total cash dividend amount, including share buybacks, reached RMB 117,101,262.96, accounting for 15.55% of the net profit attributable to ordinary shareholders[180]. - The company reported a net profit of RMB 752,923,904.90 for the year, with a dividend payout ratio of 13.96%[180]. - The company plans to retain undistributed profits to support ongoing investments in production capacity expansion and operational needs[176]. - The company has not proposed a cash profit distribution plan for 2022 due to significant project construction and operational funding requirements[178]. Production and Capacity Expansion - The company is focusing on expanding production capacity to capture market share amid rapid revenue growth and increasing asset demands[8]. - The company is currently investing heavily in production base construction to support its strategic development[8]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]. - The company plans to invest CNY 1.9 billion to establish a lithium iron phosphate cathode material production base in Xiangcheng District, which has been approved by the shareholders' meeting[119]. - The company is focusing on expanding production bases in Shandong, Hubei, and Sichuan to enhance market competitiveness[178]. - The company has ongoing construction projects for 600,000 tons of diesel engine exhaust treatment fluid across three locations, with partial production already commenced[101]. Research and Development - The R&D expenses increased by 196.00% to CNY 615.55 million, reflecting a strong commitment to innovation[55]. - The company has established a research and development technology center to standardize and streamline the development of new products and technologies[92]. - The company employs 341 R&D personnel, representing 9.95% of the total workforce, with a significant portion holding advanced degrees[73]. - The company recognizes that the cost of power batteries accounts for 30%-40% of the total cost of new energy vehicles, emphasizing the importance of reducing cathode material costs to lower vehicle prices[130]. - The company plans to strengthen R&D investment in lithium iron phosphate cathode materials, collaborating with downstream customers to develop cutting-edge products and enhance technological capabilities[130]. Market and Industry Trends - The market demand for lithium iron phosphate materials is expected to grow rapidly, with a projected output of 2.4 million tons by 2025, reflecting a compound annual growth rate of approximately 50%[37]. - In 2022, lithium iron phosphate batteries accounted for 61% of the power battery market share, while their share in energy storage batteries exceeded 95%[37]. - The automotive lubricants market is expected to grow due to the rapid development of the automotive industry and increasing vehicle emission standards, with a shift towards high-performance and environmentally friendly products[39]. - The diesel engine exhaust treatment fluid market is anticipated to expand as high-quality products become mainstream, driven by enhanced environmental awareness and regulatory improvements, leading to a stable customer base[39]. - The company is positioned to benefit from the increasing demand for automotive environmental fine chemicals, particularly in the context of new energy vehicles and infrastructure investments[39]. Environmental and Sustainability Efforts - The company emphasizes a commitment to green development and sustainable practices, aligning with its mission to support carbon neutrality[36]. - The company is committed to adhering to global environmental protection principles and will increase investment in new environmentally friendly technologies and products to contribute to national carbon reduction efforts[132]. - The company has implemented strict waste management practices, ensuring all hazardous waste is treated by licensed third-party entities[194]. - The company achieved compliance in air pollutant emissions, with particulate matter concentrations below 20 mg/m³ and nitrogen oxides at 57 mg/m³, both meeting regulatory standards[197]. - The company has implemented a cloud collaboration system for distributors, allowing real-time ordering and integration with ERP systems, improving customer experience[44]. Governance and Compliance - The company held 5 extraordinary general meetings and 1 annual general meeting in 2022, ensuring compliance with legal and regulatory requirements[140]. - The board of directors consists of 9 members, including 3 independent directors, meeting governance standards[141]. - The supervisory board strictly adhered to legal regulations, ensuring compliance in financial oversight and independent opinions[141]. - The company maintained transparency in information disclosure, ensuring timely and accurate reporting to protect shareholder interests[143]. - The company operates independently from its controlling shareholders, with a complete and autonomous operational system[144]. Risks and Challenges - The company acknowledges the risk of macroeconomic fluctuations affecting demand for lithium iron phosphate materials, which are closely tied to the new energy vehicle and energy storage sectors[135]. - The company is exposed to raw material procurement and price fluctuation risks, particularly for lithium carbonate and iron phosphate, which could impact production and operational stability[134]. - The company faces market competition risks in the lithium iron phosphate cathode materials sector due to the rapid growth of the new energy vehicle and energy storage industries, leading to increased competition[133].

Financial Performance - The company's operating revenue for 2022 reached ¥14,071,642,953.77, representing a 247.15% increase compared to ¥4,053,505,420.73 in 2021[24]. - The net profit attributable to shareholders was ¥752,923,904.90, up 114.61% from ¥350,839,426.93 in the previous year[24]. - The basic earnings per share increased to ¥1.42, a 94.52% rise from ¥0.73 in 2021[25]. - The total assets at the end of 2022 were ¥14,690,671,466.98, reflecting a 140.63% increase from ¥6,105,089,676.59 in 2021[24]. - The net cash flow from operating activities was negative at -¥3,249,144,279.47, worsening from -¥408,571,099.18 in 2021[24]. - The company reported a weighted average return on equity of 21.12%, an increase of 3.88 percentage points from 17.24% in 2021[25]. - The net profit after deducting non-recurring gains and losses was ¥693,351,582.04, which is a 111.20% increase from ¥328,287,556.71 in 2021[24]. - The company’s net assets attributable to shareholders reached ¥4,722,640,242.61, a 136.83% increase from ¥1,994,128,320.15 in 2021[24]. - The quarterly revenue for Q4 2022 was ¥4,132,815,585.28, showing a consistent growth trend throughout the year[27]. Dividends and Profit Distribution - The company distributed cash dividends of RMB 1.86 per 10 shares, totaling RMB 105,104,675.96 during the semi-annual profit distribution plan[7]. - As of December 31, 2022, the company's available profit for distribution was RMB 449,607,621.85, with no profit distribution planned for 2022 due to ongoing transformation and capacity expansion needs[8]. - The company has not proposed any capital reserve transfer to increase share capital for the reporting period[8]. - The total cash dividend amount, including the stock repurchase of RMB 11,996,587, is considered in the annual cash dividend calculation[179]. - The company has not proposed a cash profit distribution plan for 2022, despite having positive distributable profits, to support its strategic development and market competitiveness[177]. Investments and Expansion - The company is currently investing heavily in production base construction to support its strategic development[8]. - The company raised CNY 2.175 billion through a non-public stock issuance at CNY 26.51 per share, aimed at expanding production capacity and supporting working capital[35]. - The company is actively building new production bases to meet the growing demand for lithium iron phosphate materials[34]. - The company plans to invest RMB 900 million in a joint venture to develop a project for producing 30,000 tons of lithium hydroxide/carbonate in Hubei or Tangshan, Hebei[111]. - The company plans to invest CNY 1.9 billion in the construction of a lithium iron phosphate cathode material production base in Xiangcheng District, which has been approved by the shareholders' meeting[118]. Research and Development - The R&D expenses increased by 196% to CNY 615.55 million, reflecting the company's commitment to innovation[56]. - The company has obtained a total of 36 patents in the field of LFP materials, including 22 invention patents, showcasing its strong R&D capabilities[46]. - The company emphasizes technology R&D and product innovation as key competitive advantages, continuously enhancing product features to meet diverse customer needs[49]. - The company has established a research and development center to standardize and streamline the development of new products and technologies[92]. - The company’s R&D personnel accounted for 9.95% of total employees, with a total of 341 R&D staff, emphasizing its focus on technological advancement[73]. Market and Product Development - The company launched a new spherical lithium iron phosphate product, "Iron Lithium No. 1," enhancing low-temperature performance and fast charging capabilities[34]. - The lithium iron phosphate market in China saw a shipment volume of 1.11 million tons in 2022, a year-on-year increase of 132%[37]. - The company has developed multiple series of lithium iron phosphate products, including S, T, and Z series, to meet diverse customer needs[42]. - The company is positioned to benefit from the increasing demand for automotive environmental fine chemicals, particularly in the context of new energy vehicles and stricter environmental regulations[39]. - The company has established long-term stable partnerships with major lithium battery manufacturers, including CATL, Ruipu Lanjun, and EVE Energy, enhancing its market position in the LFP sector[45][47]. Environmental and Sustainability Efforts - The company emphasizes a commitment to green development and sustainable practices in its operations[36]. - The company is committed to green development and will invest in new environmental technologies and products to contribute to national carbon reduction efforts[131]. - The company has implemented strict management measures for pollution prevention facilities, ensuring no unauthorized shutdowns occur[199]. - Environmental impact assessments for new projects are conducted in compliance with the Environmental Impact Assessment Law, ensuring adherence to environmental protection measures[200]. - The company has established a monitoring system combining online and manual checks to ensure stable compliance with pollutant discharge standards[199]. Governance and Compliance - The company maintained transparency in information disclosure, adhering to regulations and ensuring timely and accurate reporting[142]. - The board of directors consists of 9 members, including 3 independent directors, complying with governance standards[140]. - The company operates independently from its controlling shareholders, with a complete and autonomous operational system[143]. - The governance structure includes a well-defined organization with clear responsibilities for the general meeting, board, and supervisory board[144]. - The company held a total of 6 shareholder meetings during the reporting period, including 1 annual meeting, with no proposals rejected or previous resolutions changed[147].

证券代码：603906 证券简称：龙蟠科技 公告编号：2023-075 江苏龙蟠科技股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 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 4 月 27 日（星期四）至 5 月 8 日（星期一）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 lpkj@lopal.cn 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。 江苏龙蟠科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布 公司 2022 年年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营 成果、财务状况，公司计划于 2023 年 5 月 9 日下午 13:00-14:00 举行 2022 年度 业绩暨现金分红说明会，就投资者关心的问题进行交流。 董事长、总经理：石俊峰先生 董事会秘书：张羿先 ...

Financial Performance - The company's revenue for Q3 2022 reached ¥3,928,495,094.73, representing a year-over-year increase of 277.91%[5] - Net profit attributable to shareholders for the same period was ¥274,889,823.28, up 488.21% compared to the previous year[5] - The net profit excluding non-recurring gains and losses was ¥267,093,170.28, reflecting a 533.73% increase year-over-year[5] - Basic and diluted earnings per share were both ¥0.51, marking a 409.89% increase from the same quarter last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥9,938,827,368.49, a significant increase from ¥2,315,291,971.10 in the same period of 2021, representing a growth of approximately 329.5%[26] - Net profit for the first three quarters of 2022 was ¥962,641,169.82, up from ¥219,807,773.55 in 2021, reflecting a growth of approximately 338.5%[33] - Basic earnings per share for the first three quarters of 2022 were ¥1.38, compared to ¥0.40 in the same period of 2021, marking an increase of 245%[35] - Total profit for the first three quarters of 2022 was ¥1,124,566,305.62, compared to ¥252,295,202.35 in 2021, showing an increase of approximately 345.5%[33] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥12,412,449,021.50, a 103.31% increase from the end of the previous year[8] - The company's current assets totaled ¥8,229,345,951.04, up from ¥3,518,099,699.05 in the previous year, indicating a growth of about 134.5%[21] - Total liabilities increased to ¥6,882,356,905.36 from ¥3,589,826,443.98, which is an increase of about 91.5%[25] - The company's equity attributable to shareholders rose to ¥4,691,382,707.54 from ¥1,994,128,320.15, reflecting a growth of approximately 135.5%[25] Cash Flow - The company reported a net cash flow from operating activities of -¥2,160,491,301.42 for the year-to-date period[5] - Cash inflow from operating activities for the first three quarters of 2022 was ¥6,408,835,618.95, significantly higher than ¥1,950,680,021.98 in 2021, representing an increase of about 228.5%[37] - Cash outflows from operating activities totaled approximately $8.57 billion, up from $1.95 billion year-over-year[39] - The net cash flow from investing activities was -$1.46 billion, compared to -$1.27 billion in the prior period[39] - Cash inflows from financing activities amounted to approximately $5.48 billion, a substantial increase from $1.34 billion in the previous year[39] - The ending cash and cash equivalents balance was $1.10 billion, up from $571.18 million year-over-year[42] Operational Costs and Expenses - Operating costs for the first three quarters of 2022 amounted to ¥8,821,270,857.48, compared to ¥2,084,816,773.83 in 2021, indicating an increase of about 322.5%[30] - Cash paid for purchasing goods and services in the first three quarters of 2022 was ¥7,956,443,111.10, compared to ¥1,395,913,646.34 in 2021, indicating an increase of approximately 470.5%[37] - Research and development expenses for the first three quarters of 2022 totaled ¥412,070,870.25, a substantial rise from ¥95,239,709.25 in 2021, reflecting an increase of about 332.5%[30] - The company reported a tax expense of ¥161,925,135.80 for the first three quarters of 2022, compared to ¥32,487,428.80 in 2021, which is an increase of about 398.5%[33] Cash Position - The company has maintained a strong cash position, with cash and cash equivalents representing a significant portion of current assets, ensuring liquidity for future investments and operations[21] - The company experienced a net increase in cash and cash equivalents of approximately $268.13 million, compared to a decrease of $322.35 million in the prior year[42]

Financial Performance - The company achieved total operating revenue of CNY 4,053,505,420.73 in 2021, representing a 111.72% increase compared to the previous year[21]. - Net profit attributable to shareholders reached CNY 350,839,426.93, a growth of 72.98% year-over-year[21]. - Basic earnings per share increased to CNY 0.73, up 52.08% from CNY 0.48 in 2020[21]. - Total assets grew by 106.54% to CNY 6,105,089,676.59 at the end of 2021[21]. - The company reported a total of CNY 22,551,870.22 in non-recurring gains and losses for 2021[25]. - The net cash flow from operating activities was negative at CNY -408,571,099.18, compared to a positive CNY 305,464,155.50 in 2020[21]. - The company reported a gross margin of 30.17% in the automotive environmental fine chemicals sector, a decrease of 2.66 percentage points[66]. - The sales revenue from lubricants was CNY 844,401,887.95, with a gross margin increase of 2.05 percentage points to 38.30%[70]. Business Expansion and Acquisitions - The company has entered the lithium iron phosphate cathode material sector through acquisitions, creating a new business segment and profit growth point[31]. - New production capacity was established in 2021 for automotive urea solution in Sichuan, Shandong, and Hubei, as well as engine coolant in Zhangjiagang[31]. - The company is constructing new production facilities for lithium iron phosphate cathode materials in Changzhou, Sichuan, and Shandong[31]. - The company plans to raise up to RMB 2.2 billion through a private placement of A-shares announced in August 2021[35]. - The company has established several subsidiaries, including Hubei Green Melon Biotechnology Co., Ltd. and acquired 100% equity in Jiangsu Better Energy Nano Technology Co., Ltd.[82]. - The company expanded its business into the lithium iron phosphate sector through acquisitions, enhancing its product portfolio[60]. - The company acquired 100% equity of Betterray (Tianjin) Nano Materials Manufacturing Co., Ltd. for a cash consideration of CNY 328.64 million and Jiangsu Betterray Nano Technology Co., Ltd. for CNY 515.79 million[156]. Research and Development - Research and development expenses increased by 187.78% to CNY 207,952,595.36, reflecting the company's focus on innovation[63]. - The company has increased its R&D personnel to 299, which constitutes 14.43% of the total workforce[91]. - The company is focused on developing solid-state battery technology and other core technologies to enhance its product offerings[108]. - The company has a comprehensive R&D strategy, with established research centers in Jiangsu and Nanjing, to support its innovation efforts[118]. - The company is increasing R&D investment and global technical cooperation to enhance its technological capabilities through talent acquisition and partnerships[171]. Market Trends and Opportunities - The market size of China's lubricating oil is expected to reach RMB 142.57 billion by 2027, with a CAGR of 4.96% from 2020 to 2027[37]. - The consumption of automotive urea in China reached 2.56 million tons in 2020, a year-on-year increase of 29.49%[40]. - The shipment of lithium iron phosphate cathode materials in China reached 470,000 tons in 2021, a year-on-year increase of 277%[42]. - The automotive lubricants market in China is expected to grow, with vehicle sales projected to exceed 30 million by 2025[161]. - The demand for lithium iron phosphate cathode materials is increasing due to advancements in battery technology and the growing application in power batteries[167]. - The market for automotive maintenance products is expected to grow significantly due to the increasing number of vehicles and the standardization of automotive maintenance practices in China[166]. Corporate Governance and Compliance - The company has established independent governance structures, including a general meeting, board of directors, and supervisory board[188]. - The board of directors consists of 9 members, including 3 independent directors, complying with governance standards[184]. - There were no violations of information disclosure regulations, ensuring fair access to information for all shareholders[185]. - The company has independent ownership of assets related to production, including land, buildings, and equipment, with no asset occupation by controlling shareholders[189]. - The company has an independent financial department and accounting system, ensuring no mixed taxation with shareholders[189]. Strategic Initiatives - The company is transitioning from an "automotive fine chemical expert" to a "green energy and green chemistry expert" in response to carbon neutrality goals[36]. - The company is committed to developing green and environmentally friendly products to align with national energy strategies[36]. - The company is enhancing its talent development through various recruitment and training initiatives[35]. - The company is expanding its financing channels to support sustainable high-quality development amid rapid expansion[35]. - The company is committed to the development of green energy and green chemistry to support carbon neutrality[168]. Risks and Challenges - The company faces significant competition in the automotive chemical market, particularly from multinational and state-owned enterprises, which could impact its market share[173]. - The company is at risk of losing market opportunities if it fails to innovate and keep pace with competitors in the lithium iron phosphate sector[177]. - The company's main raw material costs are significantly affected by fluctuations in prices of petroleum derivatives and rare metals, impacting its gross margin[177]. - The company's growth is closely tied to the automotive industry, which is undergoing structural adjustments that may affect demand for its products[178].

Financial Performance - The company's operating revenue for Q1 2022 reached ¥2,558,240,912.15, representing a year-on-year increase of 329.89%[5] - Net profit attributable to shareholders was ¥213,023,588.58, reflecting a growth of 252.01% compared to the same period last year[5] - The basic earnings per share (EPS) was ¥0.44, an increase of 238.46% year-on-year[5] - Net profit for Q1 2022 was ¥302,740,319.66, compared to ¥69,912,245.78 in Q1 2021, indicating an increase of about 332.5%[39] - The company's total comprehensive income for Q1 2022 was ¥302,663,590.76, compared to ¥69,961,658.67 in Q1 2021, representing an increase of approximately 332.5%[40] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,608,644,503.44, up 41.01% from the end of the previous year[7] - Total liabilities increased to ¥5,788,526,384.98 in Q1 2022 from ¥3,589,826,443.98 in Q1 2021, marking an increase of about 61.5%[32] - The total equity attributable to shareholders reached ¥2,209,266,474.92 in Q1 2022, compared to ¥1,994,128,320.15 in Q1 2021, showing an increase of approximately 10.8%[34] Cash Flow - The company reported a net cash flow from operating activities of -¥866,001,095.94, indicating a significant cash outflow[5] - In Q1 2022, the cash inflow from operating activities was CNY 1,359,307,370.75, compared to CNY 634,782,015.94 in Q1 2021, representing an increase of approximately 114.0%[43] - The cash outflow from operating activities totaled CNY 2,225,308,466.69 in Q1 2022, up from CNY 542,767,675.99 in Q1 2021, indicating a significant increase of about 309.5%[47] - Cash inflow from financing activities reached CNY 1,745,544,745.30 in Q1 2022, a substantial increase from CNY 200,000,000.00 in Q1 2021[48] - The net cash flow from financing activities was CNY 1,321,441,577.19 in Q1 2022, compared to CNY 126,835,289.67 in Q1 2021, reflecting an increase of approximately 938.5%[48] Research and Development - Research and development expenses surged by 521.03%, highlighting increased investment in R&D projects[13] - Research and development expenses in Q1 2022 amounted to ¥147,106,039.32, up from ¥23,687,454.33 in Q1 2021, reflecting a growth of approximately 520.5%[39] Shareholder Information - The total number of common shareholders at the end of the reporting period was 51,591[16] - The largest shareholder, Shi Junfeng, holds 212,662,195 shares, representing 44.11% of the total shares[16] - The company has not disclosed any other significant relationships or actions among shareholders beyond the known relationship between Shi Junfeng and Zhu Xianglan, who are spouses[22] Operating Costs - The company experienced a 399.53% rise in operating costs, primarily due to increased costs associated with lithium iron phosphate cathode materials[13] - Operating costs for Q1 2022 were ¥2,159,080,351.66, up from ¥514,461,308.38 in Q1 2021, which is an increase of about 320.5%[35] Other Financial Metrics - The weighted average return on equity (ROE) increased by 7.04 percentage points to 10.14%[7] - The company's financial expenses in Q1 2022 were ¥37,389,459.46, significantly higher than ¥3,345,991.30 in Q1 2021, indicating an increase of about 1023.5%[39] Share Issuance - The company plans to issue up to 144,627,405 new shares through a private placement, which has been approved by the China Securities Regulatory Commission[23] Investment Activities - The cash inflow from investment activities was CNY 121,471,876.50 in Q1 2022, down from CNY 369,880,505.43 in Q1 2021, indicating a decrease of approximately 67.2%[47] - The cash outflow from investment activities was CNY 657,402,842.77 in Q1 2022, compared to CNY 875,368,523.52 in Q1 2021, showing a decrease of about 25.0%[47] Fixed Assets - The company's fixed assets were valued at ¥1,599,787,395.65 as of March 31, 2022, compared to ¥1,054,785,397.43 at the end of 2021[29]