Financial Performance - The company's operating revenue for Q3 2022 was ¥965,275,375.49, a decrease of 18.55% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥71,380,242.79, down 52.72% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥55,521,763.51, a decline of 61.21% compared to the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.17, a decrease of 52.78% year-on-year[6] - The diluted earnings per share for Q3 2022 was ¥0.16, down 55.56% compared to the same period last year[6] - The net profit for Q3 2022 was CNY 282,332,938.90, a decrease of 31.4% compared to CNY 411,946,892.99 in Q3 2021[20] - The operating profit for Q3 2022 was CNY 322,853,935.02, down 32.5% from CNY 477,769,810.61 in Q3 2021[20] - The company reported a total comprehensive income of CNY 274,796,880.03 for Q3 2022, down 34.1% from CNY 417,494,323.86 in Q3 2021[21] - Basic earnings per share for Q3 2022 were CNY 0.56, a decrease from CNY 0.87 in Q3 2021[21] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥55,894,741.27, reflecting a significant decline of 150.48%[6] - The cash flow from operating activities for Q3 2022 showed a net outflow of CNY 55,894,741.27, compared to a net inflow of CNY 110,718,700.37 in Q3 2021[24] - The company's cash and cash equivalents increased to CNY 998,755,287.00 as of September 30, 2022, compared to CNY 841,724,170.27 at the end of 2021, reflecting a growth of approximately 18.6%[14] - The cash and cash equivalents at the end of Q3 2022 were CNY 896,539,780.49, an increase from CNY 519,483,804.89 at the end of Q3 2021[25] - The net cash flow from financing activities for Q3 2022 was CNY 454,822,411.84, compared to CNY 24,145,059.39 in Q3 2021[25] - The company incurred a total operating cash outflow of CNY 2,991,463,102.33 in Q3 2022, compared to CNY 2,645,410,723.77 in Q3 2021[24] Assets and Liabilities - Total assets at the end of Q3 2022 were ¥7,680,479,177.32, an increase of 1.46% from the end of the previous year[6] - The equity attributable to shareholders at the end of Q3 2022 was ¥4,116,787,490.41, up 4.74% from the previous year[6] - The total liabilities decreased to CNY 3,192,256,386.16 from CNY 3,304,118,997.74, indicating a reduction of about 3.4%[16] - The company's total assets reached CNY 7,680,479,177.32, up from CNY 7,569,647,231.29, reflecting an increase of approximately 1.5%[16] - Accounts receivable decreased to CNY 2,507,024,053.29 from CNY 2,767,776,007.74, showing a decline of about 9.4%[14] - Non-current assets totaled CNY 2,720,810,429.15 as of September 30, 2022, an increase from CNY 2,522,449,576.14 at the end of 2021, representing a growth of approximately 7.9%[15] Revenue and Costs - Total revenue for the first three quarters of 2022 was CNY 2,714,528,062.21, a decrease from CNY 3,232,481,646.48 in the same period of 2021, representing a decline of approximately 16%[18] - Total operating costs for the first three quarters of 2022 were CNY 2,430,723,276.84, down from CNY 2,766,104,405.30 in 2021, indicating a reduction of about 12%[18] - The total revenue from operating activities for the first nine months of 2022 was CNY 2,764,532,894.33, an increase of 4.9% from CNY 2,634,889,065.60 in the same period of 2021[23] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 133,630,636.53, compared to CNY 146,927,100.23 in 2021, indicating a decrease of about 9%[18] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,329[10] - The company's net profit attributable to shareholders increased to CNY 1,714,491,305.22 from CNY 1,630,304,777.52, representing a growth of approximately 5.3%[16]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,749,252,686.72, a decrease of 14.56% compared to CNY 2,047,337,461.44 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was CNY 164,117,452.19, down 23.97% from CNY 215,859,643.03 in the previous year[19]. - The net cash flow from operating activities was negative at CNY -156,133,655.98, compared to CNY -131,582,234.94 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 7,132,191,033.38, a decrease of 5.78% from CNY 7,569,647,231.29 at the end of the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 156,342,384.21, a decrease of 23.86% from CNY 205,343,842.35 in the same period last year[19]. - Basic earnings per share for the first half of 2022 were CNY 0.39, down 23.53% from CNY 0.51 in the same period last year[20]. - The weighted average return on net assets decreased to 4.12%, down 1.95 percentage points from 6.07% in the previous year[20]. - The company reported a decrease in the diluted earnings per share to CNY 0.39, a decline of 23.53% compared to the previous year[20]. - The company achieved total revenue of 1.75 billion RMB in the first half of 2022, a decrease of 14.56% year-on-year[30]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was 156 million RMB, down 23.86% year-on-year[30]. Assets and Liabilities - The total liabilities decreased from CNY 3,304,118,997.74 to CNY 2,827,951,215.38, a decline of approximately 14.4%[116]. - Total current assets decreased from CNY 5,047,197,655.15 to CNY 4,534,034,663.55, a decline of approximately 10.1%[114]. - Total assets decreased from CNY 7,569,647,231.29 to CNY 7,132,191,033.38, a decline of about 5.8%[116]. - Total equity increased from CNY 4,265,528,233.55 to CNY 4,304,239,818.00, an increase of approximately 0.9%[116]. - The company's cash and cash equivalents decreased by 40.18% to 503 million RMB, primarily due to payments for the acquisition of the testing center's equity[36]. - Short-term borrowings increased by 48.66% to 1.04 billion RMB, reflecting an increase in bank liquidity loans[36]. Research and Development - The company has over 700 national authorized patents and 29 international invention patents, showcasing its strong R&D capabilities[26]. - The company has established a national key laboratory for high-performance civil engineering materials, which is the only national-level key laboratory in the industry[25]. - The company has a professional R&D team of approximately 200 people and has been recognized as a national technology innovation demonstration enterprise[26]. - Research and development expenses for the first half of 2022 were CNY 87,053,895.15, down 6.5% from CNY 93,218,486.10 in the same period of 2021[122]. Market Position and Strategy - The company has maintained its position as the leading enterprise in the domestic concrete admixture industry, ranking first in the comprehensive top ten evaluations from 2014 to 2022[24]. - The company is actively participating in the international market, indicating a trend towards increased market concentration in the concrete admixture industry[23]. - The company has established nearly 30 blending production bases, enhancing product delivery efficiency and reducing transportation costs[30]. - The company aims to enhance its market expansion strategies and product development initiatives in the upcoming quarters[138]. Environmental Commitment - The company has established an environmental management system and continuously invests in environmental protection facilities to reduce emissions and improve production efficiency[58]. - The company is committed to reducing carbon emissions through technological research and development, supporting clients in optimizing concrete product production and usage[60]. - The company adheres to various environmental laws and regulations, ensuring compliance in daily operations[58]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 13,576[102]. - The largest shareholder, Jiangsu Bote New Materials Co., Ltd., holds 163,200,000 shares, representing 38.83% of the total shares[104]. - The second-largest shareholder, Miao Changwen, holds 21,300,000 shares, representing 5.07% of the total shares[104]. - The company has not reported any significant changes in the controlling shareholder or actual controller during the reporting period[109]. Financial Reporting and Compliance - The financial report for the first half of 2022 was approved on August 26, 2022[157]. - The financial statements comply with the requirements of the accounting standards, reflecting the company's financial position and operating results accurately[161]. - The company has confirmed its ability to continue as a going concern for at least 12 months from the reporting date[160]. Risks and Challenges - The concrete admixture industry in China is experiencing rapid development, with a low market concentration and intense competition, leading to risks of market share erosion and declining profitability[44]. - The company faces technology risks as competitors enhance their processes and core technologies, necessitating continuous innovation to maintain a competitive edge[45]. - Human resource risks are increasing due to the need for more skilled professionals, which could impact the company's sustainable development if not addressed[45]. - Fluctuations in raw material prices, particularly those derived from petroleum, pose a risk to profitability if the company cannot adjust product pricing effectively[45].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 716,167,376.87, representing a decrease of 7.28% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 80,248,111.48, an increase of 2.79% year-on-year[6]. - Total operating revenue for Q1 2022 was CNY 716,167,376.87, a decrease of 7.3% compared to CNY 772,427,085.44 in Q1 2021[19]. - Net profit for Q1 2022 was CNY 111,156,111.05, slightly down from CNY 113,626,362.64 in Q1 2021[19]. - The company reported a total comprehensive income of ¥91.14 million for Q1 2022, down from ¥94.36 million in Q1 2021, indicating a decrease of approximately 3.5%[20]. - The net profit for Q1 2022 was ¥96.61 million, compared to ¥94.51 million in Q1 2021, showing a slight increase of 2.2%[20]. Cash Flow and Liquidity - The net cash flow from operating activities decreased significantly by 175.85%, amounting to -CNY 40,660,486.75, primarily due to increased material payments[6][9]. - The cash flow from operating activities for Q1 2022 was negative at ¥40.66 million, a decline from a positive cash flow of ¥53.61 million in Q1 2021[22]. - Cash and cash equivalents were CNY 793,204,258.18 in Q1 2022, compared to CNY 841,724,170.27 in Q4 2021, a decrease of 5.7%[16]. - Cash and cash equivalents at the end of Q1 2022 were ¥640.62 million, down from ¥896.59 million at the end of Q1 2021, reflecting a decrease of about 28.6%[23]. - The company incurred a total operating cash outflow of ¥1,111.68 million in Q1 2022, compared to ¥838.81 million in Q1 2021, indicating an increase of approximately 32.5%[22]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,315,104,093.14, down 3.36% from the end of the previous year[6]. - Total current assets decreased to CNY 4,788,450,031.82 in Q1 2022 from CNY 5,047,197,655.15 in Q4 2021, a decline of 5.1%[16]. - Total liabilities decreased to CNY 2,964,899,521.14 in Q1 2022 from CNY 3,304,118,997.74 in Q4 2021, a reduction of 10.3%[17]. - Total assets as of March 31, 2022, were CNY 7,315,104,093.14, down from CNY 7,569,647,231.29 at the end of 2021[17]. Shareholder Information - The company had a total of 13,559 common shareholders at the end of the reporting period[11]. - Jiangsu Bot New Materials Co., Ltd. held 38.83% of the shares, making it the largest shareholder[11]. - The basic and diluted earnings per share were both CNY 0.19[6]. - Basic and diluted earnings per share remained stable at ¥0.19 for both Q1 2022 and Q1 2021[21]. Operational Metrics - Total operating costs for Q1 2022 were CNY 645,713,045.96, down 4.4% from CNY 675,458,878.56 in Q1 2021[19]. - Gross profit for Q1 2022 was CNY 70,454,330.91, resulting in a gross margin of approximately 9.83%[19]. - R&D expenses in Q1 2022 amounted to CNY 42,470,120.43, a decrease of 10.1% from CNY 47,387,322.62 in Q1 2021[19]. Other Information - The company reported non-operating income of CNY 5,339,861.37 after tax adjustments[9]. - The company did not disclose any new product developments or market expansion strategies in this report[13]. - The company reported a tax expense of ¥11.58 million in Q1 2022, down from ¥19.04 million in Q1 2021, representing a decrease of about 39.0%[20]. - The company generated cash inflows from investment activities totaling approximately ¥159.67 million in Q1 2022, compared to ¥55.05 million in Q1 2021, marking a significant increase[23]. - The net cash flow from financing activities for Q1 2022 was ¥20.81 million, a decrease from ¥74.19 million in Q1 2021[23]. - Inventory increased to CNY 613,971,005.97 in Q1 2022 from CNY 462,360,567.29 in Q4 2021, reflecting a growth of 32.8%[16].

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.6 yuan per 10 shares to all shareholders, based on the total share capital as of the dividend distribution registration date for 2021[5]. - The company plans to issue convertible bonds and has outlined a three-year dividend return plan for 2021-2023[95]. - The company has a clear cash dividend policy that has not been adjusted during the reporting period, ensuring the protection of minority shareholders' rights[128]. - The company distributed a cash dividend of 0.36 RMB per share (before tax) on May 18, 2021, and increased share capital by 0.2 shares for every share held[200]. Financial Performance - The company's operating revenue for 2021 reached ¥4,521,844,113.04, representing a 23.81% increase compared to ¥3,652,251,821.85 in 2020[20]. - Net profit attributable to shareholders was ¥532,821,366.89, a 20.88% increase from ¥440,771,200.76 in the previous year[20]. - The basic earnings per share for 2021 was ¥1.27, up 9.48% from ¥1.16 in 2020[21]. - The total assets of the company increased by 18.04% to ¥7,569,647,231.29 at the end of 2021, compared to ¥6,412,520,376.75 at the end of 2020[20]. - The company achieved significant progress in R&D, with 6 national science and technology progress awards and 2 national technology invention awards[61]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2021, representing a growth of 20% year-over-year[103]. Research and Development - The company has established a complete system for research and development, large-scale production, and specialized technical services in the field of civil engineering materials[31]. - The company has a research and development area of 50,000 square meters, equipped with over 500 advanced analysis and testing instruments, providing strong support for technological innovation[35]. - The company is investing heavily in R&D, with a budget allocation of 200 million for new technology development[103]. - The company is committed to enhancing its R&D capabilities by collaborating with renowned universities and research institutions to improve technological advancements[86]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Yongtuo Accounting Firm, ensuring the authenticity and completeness of the financial report[4]. - The company has established a robust corporate governance framework, ensuring compliance with relevant laws and regulations, and protecting shareholder interests[93]. - The company has implemented an investor relations management system to effectively communicate with shareholders and address their concerns[93]. - The company has not faced any penalties from securities regulatory agencies in the past three years[112]. Market Expansion and Strategy - The company is actively participating in international market competition, with increasing market concentration due to strategic cooperation among large construction companies[30]. - The company aims to expand its market presence in Southeast Asia, Central Asia, and Africa, leveraging the "Belt and Road" initiative[85]. - Market expansion plans include entering three new international markets by the end of 2022[103]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[103]. Operational Efficiency and Cost Management - The cost of goods sold increased by 29.82% to CNY 2.93 billion, resulting in a gross profit margin decrease of 3.83 percentage points in the main business segment[42]. - Operational efficiency improvements are projected to reduce costs by 5%, contributing to overall profitability[104]. - The company has implemented measures to address raw material price fluctuations, impacting operational costs[69]. Employee and Management - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 13.0361 million yuan[110]. - The company employed a total of 2,814 staff, with 844 in the parent company and 1,970 in major subsidiaries[124]. - The company’s employee composition includes 1,041 production personnel, 585 sales personnel, and 808 technical personnel[124]. - The company has established a comprehensive training plan for different employee levels, focusing on both professional skills and overall quality development[126]. Environmental and Social Responsibility - The company has invested in environmental protection measures, enhancing pollution prevention and treatment technology, and has not faced any penalties for environmental violations during the reporting period[137]. - The company is committed to reducing carbon emissions by providing technical support to clients in the construction sector, aligning with the "carbon peak and carbon neutrality" strategy[139]. - The company actively participates in social welfare activities, including helping impoverished families through local government initiatives[141]. Risks and Challenges - The concrete admixture industry in China is experiencing rapid development, with a low market concentration and intense competition, leading to risks of market share erosion and declining profitability[89]. - The company faces technology risks as competitors continuously enhance their processes and core technologies, which may outpace the company's advancements[90]. - There is a significant demand for high-quality management and technical talent due to the company's rapid growth, which may lead to increased human resource costs and potential talent loss if not managed properly[90]. - The prices of raw materials, primarily derived from petroleum, are subject to fluctuations in international oil prices, posing risks to the company's profitability if adjustments are not made[90].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,185,144,185.04, representing a 16.29% increase compared to the same period last year[6]. - Net profit attributable to shareholders was ¥150,980,915.63, an increase of 11.41% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥143,141,209.28, reflecting a 6.63% increase from the previous year[6]. - Basic earnings per share for the quarter was ¥0.36, down from ¥0.44 in the same quarter last year[6]. - Total operating revenue for the first three quarters of 2021 reached RMB 3,232,481,646.48, an increase from RMB 2,450,644,687.55 in the same period of 2020, representing a growth of approximately 31.9%[22]. - Gross profit for the first three quarters of 2021 was RMB 466,377,241.18, up from RMB 415,853,154.11 in 2020, reflecting a growth of approximately 12.1%[22]. - Total comprehensive income for Q3 2021 was CNY 417,494,323.86, compared to CNY 334,510,512.82 in Q3 2020, showing an increase of approximately 24.8%[24]. - Basic earnings per share for Q3 2021 were CNY 0.87, up from CNY 0.81 in Q3 2020, representing a growth of about 7.4%[24]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥110,718,700.37, a significant decrease of 59.94% compared to the same period last year[6]. - The net cash flow from operating activities for the first three quarters of 2021 was CNY 110,718,700.37, down from CNY 276,399,617.46 in the previous year, indicating a decrease of about 60%[27]. - The company reported a net cash outflow from investing activities of CNY 451,606,137.61 for Q3 2021, compared to a net outflow of CNY 221,802,283.07 in the same period last year, indicating a significant increase in investment expenditures[28]. - Cash and cash equivalents at the end of Q3 2021 totaled CNY 519,483,804.89, down from CNY 905,046,255.76 at the end of Q3 2020, reflecting a decrease of approximately 42.6%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,956,503,106.73, an increase of 8.48% from the end of the previous year[7]. - Total liabilities as of September 30, 2021, were RMB 2,901,872,545.32, compared to RMB 2,647,660,888.70 at the end of 2020, indicating an increase of about 9.6%[19]. - The company's total equity as of September 30, 2021, was RMB 4,054,630,561.41, compared to RMB 3,764,859,488.05 at the end of 2020, indicating a growth of approximately 7.7%[20]. - The company's total liabilities increased to CNY 1,698,644,940.61 in Q3 2021, compared to CNY 1,778,944,564.52 in Q3 2020, showing a decrease of approximately 4.5%[28]. - Total current liabilities were approximately CNY 2.49 billion, indicating a decrease of 0.07% from the previous period[32]. Shareholder Information - Shareholders' equity attributable to the parent company was ¥3,738,896,240.91, up 7.96% year-on-year[7]. - The total number of ordinary shareholders at the end of the reporting period was 17,083[13]. Research and Development - Research and development expenses for the first three quarters of 2021 amounted to RMB 146,927,100.23, compared to RMB 109,161,966.29 in 2020, marking an increase of about 34.7%[22]. Inventory and Receivables - Inventory as of September 30, 2021, was RMB 387,947,639.72, up from RMB 315,015,991.95 at the end of 2020, reflecting an increase of about 23%[18]. - Accounts receivable stood at approximately CNY 1.98 billion, consistent with the previous reporting period[30]. Accounting Standards - The company has implemented new leasing standards effective January 1, 2021, impacting financial reporting but not retroactively adjusting prior periods[34]. - The company has opted for simplified treatment for low-value and short-term leases, not recognizing right-of-use assets and lease liabilities[34].

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥2,047,337,461.44, representing a 43.02% increase compared to ¥1,431,544,209.58 in the same period last year[15]. - The net profit attributable to shareholders of the listed company was ¥215,859,643.03, up 29.49% from ¥166,696,623.50 in the previous year[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥205,343,842.35, an increase of 25.09% compared to ¥164,155,639.54 last year[15]. - The company's total revenue for the first half of 2021 reached 2.047 billion yuan, representing a year-on-year growth of 43.02%[35]. - The net profit attributable to the listed company was 216 million yuan, an increase of 29.49% compared to the previous year[35]. - The company's net profit growth rate for 2021 is projected to be no less than 16% compared to 2019, with a minimum net profit of 90,000 million for 2020[120]. Earnings and Shareholder Returns - The basic earnings per share for the first half of 2021 was ¥0.51, representing a 13.33% increase from ¥0.45 in the same period last year[16]. - The diluted earnings per share increased by 24.39% to ¥0.51 from ¥0.41 in the previous year[16]. - The total number of ordinary shareholders at the end of the reporting period was 15,564[112]. - The earnings per share (EPS) for the period was reported at 0.09, reflecting a stable performance in shareholder returns[158]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥6,745,400,917.22, reflecting a 5.19% increase from ¥6,412,520,376.75 at the end of the previous year[15]. - The company's total assets decreased to ¥5,487,564,538.66 from ¥5,706,852,758.58, a decline of about 4% year-over-year[136]. - Total liabilities reached CNY 2,877,386,888.11, up from CNY 2,647,660,888.70, which is an increase of about 8.7%[131]. - The company's total liabilities decreased to CNY 2,547,594,013.40 from CNY 2,744,408,205.98, indicating a decline of approximately 7%[136]. Cash Flow - The company reported a net cash flow from operating activities of -¥131,582,234.94, a significant decrease compared to ¥72,154,249.93 in the same period last year, reflecting a -282.36% change[15]. - The cash flow from operating activities showed a net outflow of CNY -131,582,234.94, contrasting with a net inflow of CNY 72,154,249.93 in the first half of 2020[145]. - Cash inflow from financing activities was CNY 1,096,000,000.00, a decrease of 32% compared to CNY 1,613,655,000.00 in the first half of 2020[148]. Research and Development - Research and development expenses rose by 33.77% to ¥93,218,486.10, reflecting increased investment in R&D[39]. - The company has a professional R&D team of approximately 200 people and holds 619 patents, including 532 domestic invention patents[30]. - The company’s functional materials research and development has seen significant growth, particularly in anti-cracking materials and high-performance cement-based materials[36]. Market Position and Strategy - The company is a leading supplier of new civil engineering materials in China, consistently ranked first in the concrete admixture industry from 2014 to 2021[23]. - The company aims to enhance its market share by leveraging its R&D, production, and service advantages, particularly as smaller firms face challenges due to regulatory pressures[27]. - The company plans to expand its market presence, focusing on new product development and technological advancements[158]. Environmental and Regulatory Compliance - The company has established and improved its environmental protection measures, implementing a comprehensive environmental and occupational health safety management system[66]. - The company is committed to complying with various environmental laws and regulations, including the Environmental Protection Law and the Air Pollution Prevention Law[66]. - The company has not faced any administrative penalties related to environmental violations during the reporting period[66]. Shareholder and Governance Matters - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period[60]. - Changes in the board of directors include the resignation of several independent directors and the election of new members, which may impact governance[59]. - The company has implemented a stock incentive plan, which was approved in previous meetings, aimed at enhancing employee motivation[61]. Risks and Challenges - The company faces market competition risks due to the rapid development of the concrete admixture industry and increasing competition from both existing and potential competitors[53]. - Fluctuations in raw material prices, primarily derived from petroleum products, pose a risk to the company's profitability if not effectively managed[54]. - There is a significant demand for high-quality management and technical talent due to the company's rapid development, which may lead to increased human resource costs[54].

Financial Performance - Operating revenue for the period reached approximately ¥772.43 million, representing an increase of 81.59% year-on-year[5] - Net profit attributable to shareholders was approximately ¥78.07 million, up 58.27% from the same period last year[5] - Basic earnings per share increased to ¥0.22, reflecting a growth of 37.50% compared to the previous year[7] - The weighted average return on equity rose to 2.23%, an increase of 0.19 percentage points from the previous year[5] - Cash flow from operating activities was approximately ¥53.61 million, an increase of 4.73% year-on-year[5] - The company reported a net profit of approximately ¥75.58 million after deducting non-recurring gains and losses, an increase of 54.75% year-on-year[5] - Total operating revenue for Q1 2021 reached ¥772,427,085.44, a significant increase of 81.7% compared to ¥425,359,611.36 in Q1 2020[21] - The company reported a net profit of ¥771,771,128.22 for Q1 2021, compared to ¥735,293,531.07 in Q1 2020, an increase of 5.0%[20] - Net profit for Q1 2021 reached ¥94,506,376.31, representing a 69.5% increase from ¥55,722,221.69 in the same period last year[22] - The company's total profit for Q1 2021 was ¥113,542,193.36, compared to ¥68,131,193.20 in Q1 2020, marking a growth of 66.7%[22] Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥6.38 billion, a decrease of 0.45% compared to the end of the previous year[5] - The company's total assets as of March 31, 2021, amounted to ¥5,298,540,235.07, down from ¥5,706,852,758.58 at the end of 2020[19] - Total liabilities decreased to ¥2,296,571,885.32 in Q1 2021 from ¥2,744,408,205.98 in Q4 2020, a reduction of 16.3%[19] - The company's total liabilities decreased to ¥4,142,000,000.00 from ¥4,238,000,000.00, reflecting improved financial management[16] - Current liabilities reached ¥2,488,434,269.23, while total liabilities were ¥2,647,660,888.70[36] - The total current liabilities include short-term borrowings of ¥785,272,000.00 and accounts payable of ¥406,278,490.02[36] - The total non-current liabilities amounted to ¥159,226,619.47, with long-term borrowings of ¥33,227,655.59[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,337[8] - The largest shareholder, Jiangsu Bote New Materials Co., Ltd., held 136 million shares, accounting for 38.83% of total shares[8] - Shareholders' equity increased to ¥3,001,968,349.75 in Q1 2021, compared to ¥2,962,444,552.60 in Q1 2020, showing a growth of 1.3%[20] - Shareholders' equity stood at ¥3,764,859,488.05, with total equity attributable to the parent company at ¥3,463,291,866.19[36] Cash Flow and Investments - The net cash flow from investing activities was -¥68,269,107.01, a significant increase in payments for equipment[12] - Cash inflow from financing activities was ¥155.70 million, a significant decrease from ¥1.34 billion in Q1 2020[29] - The net cash flow from financing activities was ¥74.19 million, down from ¥909.47 million in the previous year[29] - The ending cash and cash equivalents balance was ¥896.59 million, down from ¥1.32 billion at the end of Q1 2020[29] - The company reported a net cash increase of ¥59.88 million, a sharp decline from ¥933.55 million in Q1 2020[29] - Cash outflow for purchasing goods and services was ¥391.60 million, compared to ¥206.87 million in Q1 2020, reflecting an increase of 89.2%[28] Research and Development - Research and development expenses increased by 89.79% to ¥47,387,322.62, reflecting a significant rise in R&D investment[12] - Research and development expenses in Q1 2021 amounted to ¥30,399,999.65, which is a 104% increase from ¥14,869,552.75 in Q1 2020[25] Operational Metrics - The company incurred financial expenses of ¥7,834,112.22 in Q1 2021, a decrease from ¥11,908,761.59 in Q1 2020, indicating a reduction of 34%[25] - The company reported a credit impairment loss of ¥13,327,161.96 in Q1 2021, compared to ¥9,773,266.62 in Q1 2020, reflecting a 36% increase[22] - The company received government subsidies amounting to approximately ¥3.45 million, which are closely related to its normal business operations[8] Other Information - The company did not apply the new lease accounting standards for retrospective adjustments[40] - There was no applicable audit report for the first quarter of 2021[40] - The report indicates that there were no adjustments made to prior comparative data[40] - The company has not disclosed any new product or technology developments in this report[40] - There are no mentions of market expansion or acquisitions in the current financial report[40] - Future outlook and performance guidance were not provided in this document[40] - User data metrics were not included in the financial summary[40] - The company did not report any significant changes in operational strategies[40] - Overall, the report lacks detailed performance summaries and key financial metrics[40]

Dividend and Capital Structure - The company plans to distribute a cash dividend of 3.6 yuan per 10 shares (including tax) to all shareholders based on the total share capital on the dividend registration date for 2020[5]. - The company intends to increase capital by 2 shares for every 10 shares held, using capital reserves as the basis for the distribution[5]. - The cash dividend policy remains unchanged, with a proposed cash dividend of 3.6 RMB per 10 shares for 2020, representing 28.61% of the net profit attributable to shareholders[102]. Financial Performance - The company's operating revenue for 2020 was CNY 3,652,251,821.85, representing a 10.45% increase compared to CNY 3,306,617,441.62 in 2019[22]. - Net profit attributable to shareholders increased by 24.40% to CNY 440,771,200.76 in 2020 from CNY 354,312,359.11 in 2019[22]. - The basic earnings per share for 2020 was CNY 1.39, up 21.93% from CNY 1.14 in 2019[24]. - The company's total assets grew by 28.05% to CNY 6,412,520,376.75 at the end of 2020, compared to CNY 5,007,724,688.89 at the end of 2019[22]. - The net assets attributable to shareholders increased by 44.84% to CNY 3,463,291,866.19 in 2020 from CNY 2,391,183,204.12 in 2019[24]. - The cash flow from operating activities decreased by 20.46% to CNY 333,366,723.15 in 2020, down from CNY 419,128,935.50 in 2019[22]. - The company's operating costs increased by 24.94% to CNY 2,253,876,505.26, impacting overall profitability[46]. - The gross margin for the additive segment decreased by 9.13 percentage points to 36.99% due to the reclassification of sales freight to costs under new revenue standards[48]. Market Position and Innovation - The company ranked first in the comprehensive evaluation of concrete admixture enterprises in China from 2014 to 2020[31]. - The company’s high-performance water-reducing agent is primarily used in high-performance concrete applications, enhancing construction efficiency and quality[33]. - The company was recognized as one of the top 100 innovative private enterprises in Jiangsu in 2020[31]. - The company is a leading player in the domestic concrete admixture industry, consistently ranked first in the comprehensive top ten evaluations from 2014 to 2020[36]. - The company has a total of 569 national authorized patents and 25 international invention patents, showcasing its strong R&D capabilities[37]. - The company has established a national key laboratory for high-performance civil engineering materials, which is the only national-level key laboratory in the industry[36]. - The company has a professional R&D team of approximately 200 people, continuously increasing its R&D investment[37]. - The company’s products have been successfully applied in major projects such as the Hong Kong-Zhuhai-Macao Bridge and the Nanjing Metro, demonstrating its market trust[39]. - The company has seen a significant increase in market concentration due to the exit of smaller firms under strict environmental regulations, benefiting leading enterprises[35]. - The company provides customized technical solutions through a "consultative marketing" approach, enhancing customer satisfaction[39]. - The company has been recognized as a national high-tech enterprise and has received multiple awards for innovation and product excellence[39]. - The company’s unique marketing service and integrated engineering solutions have improved its rapid response capabilities across the country[40]. - The company has accumulated extensive industry service experience in key national projects such as nuclear power and high-speed rail[38]. Risks and Challenges - The company emphasizes the importance of investment risk awareness for investors regarding future plans and development strategies[6]. - The company has detailed potential risks in the "Discussion and Analysis of Operating Conditions" section of the report[7]. - The company faces market competition risks due to the increasing number of competitors in the concrete admixture industry, which may affect its market share and profitability[96]. - The company is at risk of technological obsolescence if it fails to keep up with advancements in core technologies within the concrete admixture sector[96]. - The company is exposed to raw material price volatility risks, particularly due to fluctuations in international oil prices affecting production costs[98]. - The company is experiencing a rising demand for high-level management and technical talent, which is critical for its sustainable development[97]. Governance and Compliance - The company has a comprehensive governance structure with all board members present at the board meeting[8]. - The company is committed to ensuring the authenticity, accuracy, and completeness of the annual report[8]. - The company has received a standard unqualified audit report from Yongtuo Accounting Firm[4]. - There are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for external guarantees[7]. - The company has not faced any penalties for environmental violations during the reporting period, adhering to various environmental protection laws[163]. - The company has implemented a comprehensive environmental management system to enhance pollution control and production efficiency[162]. - The company has committed to maintaining share price stability through specific measures approved by the shareholders' meeting[105]. Shareholder Commitments and Stock Management - The actual controller and shareholders committed to not transferring or entrusting the management of their shares for 36 months from the date of the stock listing[106]. - If the stock price falls below the issue price for 20 consecutive trading days within 6 months post-listing, the lock-up period for shares will automatically extend by 6 months[107]. - After the lock-up period, shareholders can reduce their holdings, with a maximum of 20% of their total shares per year at a price not lower than the issue price[108]. - The company will notify the issuer 3 trading days in advance before any planned share reduction[107]. - The company’s board members and senior management have similar commitments regarding share transfers and reductions as the actual controllers[108]. - The lock-up period for certain board members is set at 12 months, with similar conditions for share reduction thereafter[106]. - The company has committed to not reducing shareholdings within 12 months following the lifting of restrictions on shares held from the IPO[130]. - The company will actively negotiate and establish a compensation fund to address direct economic losses suffered by investors due to misleading information in the IPO prospectus[122]. Research and Development - Research and development expenses totaled 175,910,604.44 RMB, accounting for 4.82% of total revenue[56]. - The number of R&D personnel was 269, representing 10.61% of the total workforce[56]. - The company completed significant R&D projects, including technologies for concrete durability and crack control, contributing to major infrastructure projects[70]. - The company is focusing on technological innovation and improving internal management efficiency to enhance competitive advantages in the market[43]. - The company plans to focus on technological innovation, including the development of universal products suitable for low-grade raw materials and nano-enhanced materials[94]. Future Outlook and Growth Strategy - The company has set a target for its subsidiary testing center to achieve a net profit growth rate of no less than 8% in 2020[190]. - The company aims for a net profit growth rate of no less than 8% in 2020, with the same target for its subsidiary testing center[183]. - The company expects a revenue growth rate of no less than 36% in 2020, based on the 2017 revenue figures[184]. - The company has set a cumulative net profit growth rate target of no less than 16% for the years 2020-2021 for both the company and its subsidiary testing center[185]. - The company is actively seeking acquisition targets related to its main business to achieve both organic and external growth in civil engineering and technical consulting sectors[95]. - The company is exploring strategic acquisitions to enhance its product portfolio, with a budget of $500 million allocated for potential deals[198]. - The company is investing in new technology research, allocating 50 million yuan towards innovation in sustainable materials[196]. - The company is expanding its market presence, targeting new regions with a planned investment of 100 million yuan in marketing and distribution[196].

Financial Performance - Net profit attributable to shareholders increased by 20.58% to CNY 302,217,505.70 for the first nine months of the year[6]. - Operating revenue for the first nine months rose by 6.49% to CNY 2,450,644,687.55 compared to the same period last year[6]. - Basic earnings per share increased by 19.75% to CNY 0.97[7]. - Diluted earnings per share increased by 11.11% to CNY 0.90[7]. - The weighted average return on equity increased by 0.29 percentage points to 11.80%[7]. - Total operating revenue for Q3 2020 reached ¥1,019,100,477.97, an increase of 11.8% compared to ¥911,501,771.28 in Q3 2019[26]. - Net profit for the first three quarters of 2020 was ¥415,853,154.11, compared to ¥343,329,106.45 in the same period of 2019, indicating a growth of 21.1%[26]. - The company reported a total comprehensive income of ¥149,078,667.08 for Q3 2020, compared to ¥127,623,023.87 in Q3 2019, which is an increase of approximately 16.8%[30]. Assets and Liabilities - Total assets increased by 17.88% to CNY 5,902,963,601.26 compared to the end of the previous year[6]. - Total assets as of September 30, 2020, amounted to ¥5,100,715,246.38, an increase from ¥4,571,310,338.77 at the end of 2019[24]. - Total liabilities increased to ¥2,630,092,992.68 as of September 30, 2020, compared to ¥2,437,979,543.17 at the end of 2019[24]. - Shareholders' equity reached ¥2,470,622,253.70, up from ¥2,133,330,795.60 at the end of 2019, reflecting a growth of 16%[24]. - The company reported a decrease in other current assets by 38.33% to ¥10,522,450.98, mainly due to a reduction in input tax credits[12]. - Current liabilities reached CNY 2,257,352,588.11, including short-term borrowings of CNY 870,113,520.00 and accounts payable of CNY 273,567,796.21[41]. - Total liabilities were CNY 2,379,834,111.52, with non-current liabilities at CNY 122,481,523.41[42]. Cash Flow - The net cash flow from operating activities increased by 29.39% to CNY 276,399,617.46 year-to-date[6]. - Cash flow from operating activities for the first three quarters of 2020 was ¥276.40 million, compared to ¥213.62 million in the same period of 2019, showing an increase of approximately 29.4%[35]. - The company raised CNY 1,998,305,000.00 from financing activities in the first three quarters of 2020, compared to CNY 588,006,600.00 in the same period of 2019, indicating an increase of approximately 239.5%[38]. - The ending cash and cash equivalents balance as of September 30, 2020, was CNY 516,589,504.29, compared to CNY 191,669,940.12 at the end of the same period in 2019, reflecting an increase of approximately 169.5%[39]. Inventory and Investments - Inventory rose by 43.39% to ¥267,689,801.38, mainly due to increased sales preparations[12]. - Long-term equity investments reached ¥45,914,959.85, attributed to investments in Liaoning Province Construction Research Institute[12]. - The company has long-term investments amounting to CNY 1,055,187,699.60, reflecting a commitment to growth[44]. Shareholder Information - The total number of shareholders reached 12,298 by the end of the reporting period[9]. - The largest shareholder, Jiangsu Bot New Materials Co., Ltd., holds 42.31% of the shares[9]. Revenue Recognition and Standards - The company implemented new revenue recognition standards effective January 1, 2020, impacting financial reporting[42]. - The company did not make adjustments to prior period comparative data under the new revenue standards[47].

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 1,431,544,209.58, representing a 3.01% increase compared to CNY 1,389,748,078.95 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 166,696,623.50, which is a 24.52% increase from CNY 133,869,974.30 in the previous year[17]. - Basic earnings per share for the first half of 2020 were CNY 0.54, a 25.58% increase from CNY 0.43 in the same period last year[18]. - The diluted earnings per share were CNY 0.50, which is a 16.28% increase compared to CNY 0.43 in the previous year[18]. - The company reported a total non-operating income of CNY 2,540,983.96, which includes government subsidies of CNY 3,073,956.35 and a loss from the disposal of non-current assets amounting to CNY -187,501.84[20]. - The company reported a net profit attributable to the listed company was 167 million RMB, an increase of 24.52% compared to the same period last year[34]. - The company reported a total profit for the first half of 2020 was RMB 222,775,194.98, an increase of 26.2% from RMB 176,489,214.38 in the first half of 2019[122]. Cash Flow and Assets - The net cash flow from operating activities decreased by 24.12%, amounting to CNY 72,154,249.93 compared to CNY 95,086,312.97 in the same period last year[17]. - Cash and cash equivalents increased by 81.79% to ¥831,388,653.13, primarily due to funds raised from convertible bonds[44]. - The company reported a net cash flow from financing activities of CNY 407,657,632.19, up 138.5% from CNY 171,100,788.64 in the same period last year[129]. - The company reported a significant increase in prepayments to 98,863,408.41 RMB from 84,411,720.60 RMB at the end of 2019[113]. - The total assets of the company at the end of the reporting period were CNY 5,391,821,404.31, reflecting a 7.67% increase from CNY 5,007,724,688.89 at the end of the previous year[17]. - The total current assets amounted to CNY 3,126,959,304.74, slightly down from CNY 3,143,740,573.91, a decrease of about 0.5%[118]. Research and Development - The company has a strong R&D platform, recognized as a "National Recognized Enterprise Technology Center," and has established several specialized research institutes and testing centers[27]. - The company employs a direct sales model and utilizes a "consultative marketing" approach to provide tailored technical solutions to clients[24]. - The company has a professional R&D team of approximately 200 people and continues to increase its investment in research and development[28]. - The company obtained 51 new patents in the first half of 2020, including 47 invention patents, bringing the total to 533 authorized patents[35]. - The company’s R&D expenses decreased by 11.22% to 69.69 million RMB, primarily due to reduced procurement of R&D materials amid the pandemic[41]. Market Position and Strategy - The company is a leading supplier of new civil engineering materials in China, consistently ranked first in the top ten concrete admixture companies from 2014 to 2020[22]. - The concrete admixture industry in China is experiencing increased concentration due to stricter environmental regulations, benefiting leading companies like the one in focus[25]. - The company signed strategic cooperation agreements with 12 large clients, including 10 state-owned enterprises, enhancing its market presence[34]. - The company plans to expand its market presence, focusing on new product development and technological advancements[135]. - The company is actively pursuing strategic initiatives, including potential mergers and acquisitions to enhance growth prospects[135]. Shareholder Commitments and Governance - The controlling shareholder Jiangsu Bote committed not to transfer or entrust the management of its shares for 36 months from the date of the stock's listing, with automatic extension of the lock-up period under certain conditions[58]. - Actual controllers Miao Changwen, Liu Jiaping, and Zhang Jianxiong made similar commitments for 36 months, with restrictions on share transfers during their tenure as directors or senior management[59]. - The company guarantees that the stock repurchase price will not be lower than the initial public offering price plus interest, and will include any derived shares from dividends or stock splits[66]. - The company will take necessary legal actions to protect investors' rights if the commitments regarding share repurchase are not fulfilled[63]. - The company has appointed Yongtuo Accounting Firm as its financial auditing institution for the year 2020[73]. Environmental and Compliance - The company has implemented a comprehensive environmental management system to enhance pollution control and reduce emissions[93]. - There were no environmental violations reported during the reporting period[94]. - The company has not reported any significant litigation or arbitration matters during the reporting period[74]. - The company and its controlling shareholders have maintained good integrity, with no defaults on court judgments or significant debts due[74]. Financial Stability and Liabilities - The company maintains a stable operating performance with a reasonable debt-to-asset ratio and a credit rating of AA-[92]. - The total liabilities of the company at the end of the first half of 2020 were not explicitly stated but can be inferred to have decreased relative to the increase in total equity[145]. - The company reported a total liability of CNY 2,538,161,543.15, up from CNY 2,379,834,111.52, an increase of about 6.7%[115]. - The total guarantee amount (including guarantees to subsidiaries) is 101,200,000.00 RMB, which accounts for 3.55% of the company's net assets[82]. Accounting and Reporting - The financial statements were approved by the board on August 17, 2020, indicating ongoing operations[163]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect its financial status accurately[167]. - The company’s accounting currency is RMB, which is used for all financial reporting[170]. - The company included revenue, expenses, and profits from newly acquired subsidiaries in the consolidated income statement for the reporting period[179].