证券代码：603948 证券简称：建业股份 公告编号：2023-018 浙江建业化工股份有限公司 关于参加浙江辖区上市公司 2023 年投资者网上集体接待日活动 暨召开公司 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： 会议召开时间：2023 年 05 月 12 日(星期五) 15:00-17:00 会议召开地点：全景路演（https://rs.p5w.net） 会议召开方式：网络互动形式 投资者可于 2023 年 05月 11 日(星期四)17：00前访问 http://ir.p5w.net/zj/， 或扫描问题征集专题页面二维码，进入问题征集专题页面，提交您所关心的问 题。公司将在说明会上对投资者普遍关注的问题进行回答。 浙江建业化工股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发布公 司 2022 年年度报告，为进一步加强与投资者的互动交流，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，公司将参加由浙江证监局、浙江省上 ...

Financial Performance - The company's operating revenue for 2022 was ¥2,796,060,229.74, a slight decrease of 0.12% compared to ¥2,799,499,506.04 in 2021[20] - The net profit attributable to shareholders of the listed company reached ¥390,239,316.01, representing a significant increase of 34.55% from ¥290,022,352.04 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥369,153,458.64, up 36.93% from ¥269,598,345.69 in 2021[20] - The net cash flow from operating activities was ¥422,630,065.95, an increase of 117.91% compared to ¥193,946,083.65 in 2021[20] - The total net assets attributable to shareholders of the listed company at the end of 2022 were ¥1,980,689,000.42, an increase of 18.93% from ¥1,665,432,784.41 at the end of 2021[20] - Basic and diluted earnings per share for 2022 were both 2.44 yuan, an increase of 34.81% compared to 1.81 yuan in 2021[22] - The weighted average return on equity rose to 21.49% in 2022, up from 18.91% in 2021, reflecting an increase of 2.58 percentage points[22] - Total assets at the end of 2022 amounted to CNY 2,671,134,800, reflecting a growth of 16.82% year-on-year[50] - Operating costs decreased by 6.17% year-on-year to CNY 2,157,487,729.04, primarily due to a decline in raw material prices[52] - The financial expenses showed a significant decrease of 1,576.50% year-on-year, primarily due to changes in exchange gains and losses[52] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥19.20 per 10 shares, totaling approximately ¥31,205.76 million based on the total share capital of 16,253.00 million shares[5] - The company’s future three-year dividend payout plan (2023-2025) was approved, indicating a commitment to shareholder returns[117] - The company reported a cash dividend amount of 8,800,000 CNY, which accounts for 30.34% of the net profit attributable to ordinary shareholders in the consolidated financial statements[146] Operational Efficiency and Production - The company produced 116,084.31 tons of low-carbon fatty amines and sold 112,928.79 tons, achieving a production and sales rate of 97.28%[31] - The newly invested project for producing 13,000 tons of ultra-pure ammonia commenced production within the year, enhancing capacity to meet growing market demand[31] - The company completed the trial production of three sets of low-carbon fatty amine devices and an acetic ester device, solidifying its leading position in the low-carbon fatty amine industry[34] - The production volume of low-carbon fatty amines was 116,084.305 tons, with a year-on-year increase of 1.23%[57] - The company aims to achieve an annual production scale of 39,000 tons for electronic chemicals by 2024[77] - The production capacity utilization rates are 96.8% for low-carbon fatty amines, 96.9% for plasticizers, and 72.7% for ultra-pure ammonia[90] Research and Development - The company has 57 invention patents and 12 utility model patents as of December 31, 2022, showcasing its strong R&D capabilities[46] - The company has established a new framework for product research and development, with 7N ultra-pure ammonia recognized as one of the "first batch" of new materials in the country[34] - The company plans to enhance R&D investment and expand production capacity to improve product competitiveness, aiming to become a leading fine chemical research and production base in China[101] - The company is enhancing its R&D capabilities by attracting high-end talent and optimizing its technical department structure[106] Market Position and Industry Trends - The company received multiple honors, including being ranked 358th among the top 500 petroleum and chemical enterprises in China[30] - The demand for low-carbon fatty amines is expected to grow due to the rigid demand in the pesticide and pharmaceutical markets, as well as the increasing needs in the new energy sector[38] - The electronic chemicals industry is experiencing increased demand due to the rapid development of semiconductors, LCD panels, and solar cells[39] - The company is a leading producer of low-carbon fatty amines, with a strong position in the industry and significant R&D capabilities[75] Compliance and Governance - The audit report issued by Tianjian Accounting Firm was a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[4] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6] - There are no violations of decision-making procedures regarding external guarantees[6] - The company maintained compliance with safety and environmental standards, with no penalties incurred during the year[32] - The company has not reported any significant changes in its environmental and social responsibility strategies[155] Environmental Responsibility - The company invested 28.11 million yuan in environmental protection during the reporting period[155] - The company is committed to continuous improvement in its environmental performance and compliance with emission standards[156] - The company has established environmental protection mechanisms to ensure compliance with regulations[155] - The company reported a pH level of 7.08 and a CODcr of 1.295 in its wastewater discharge, which is compliant with the third-level standard[157] - The company has implemented solid waste management measures, including the disposal of hazardous waste through licensed units[163] Leadership and Management Changes - The company’s board of directors and management underwent changes, with several new appointments and resignations noted[118] - The company appointed Feng Yuhang as the non-independent director and chair of the strategic committee after the passing of the former chairman[121] - The company elected Feng Yuhang as the chairman and Xia Yizhong as the general manager on July 14, 2022[121] - The company’s fifth board of directors was elected on December 8, 2022, with a term of three years[122] Risk Management - The company has outlined potential risks in its future business outlook, which are detailed in the management discussion section[6] - The company faces risks related to industry cyclicality, safety and environmental regulations, and raw material price fluctuations[109][110][111] - The company is committed to risk control, prioritizing cash flow and timely collection of receivables to manage financial risks[104]

[Major Financial Data](index=1&type=section&id=Item%20I.%20Major%20Financial%20Data) This section details the company's key financial performance and position, including core accounting data, financial indicators, and non-recurring items [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2023, the company reported operating revenue of **703 million yuan**, a **7.16% year-over-year decrease**, with net profit attributable to shareholders significantly declining by **31.85%** to **92.21 million yuan**, primarily due to product price reductions Key Financial Indicators for Q1 2023 | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 703,023,072.68 Yuan | -7.16% | | Net Profit Attributable to Shareholders of Listed Company | 92,209,896.48 Yuan | -31.85% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 89,435,816.13 Yuan | -32.15% | | Net Cash Flow from Operating Activities | 63,384,168.53 Yuan | -45.29% | | Basic Earnings Per Share (Yuan/share) | 0.58 Yuan | -31.76% | | Weighted Average Return on Net Assets (%) | 4.55% | Decrease of 3.29 percentage points | - The company attributed the significant decline in key profitability indicators, including **net profit** and **earnings per share**, to **product price reductions**[7](index=7&type=chunk) - Net cash flow from operating activities decreased by **45.29%** year-over-year, primarily due to increased cash paid for goods purchased[7](index=7&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's total non-recurring gains and losses amounted to **2.77 million yuan**, primarily comprising government grants recognized in current profit or loss of **4.59 million yuan** and a negative impact from other net non-operating income and expenses Non-recurring Gains and Losses Items for Q1 2023 | Item | Current Period Amount (Yuan) | | :--- | :--- | | Government Grants Recognized in Current Profit or Loss | 4,590,802.51 | | Gains or Losses from Entrusted Investments or Asset Management | 123,300.08 | | Other Non-operating Income and Expenses Not Listed Above | -1,404,446.05 | | Less: Income Tax Impact | 535,576.19 | | **Total** | **2,774,080.35** | [Shareholder Information](index=3&type=section&id=Item%20II.%20Shareholder%20Information) This section provides details on the company's shareholding structure, including the total number of shareholders and the holdings of major shareholders [Shareholding Information](index=3&type=section&id=Total%20Number%20of%20Common%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Shareholding) As of the end of the reporting period, the company had **10,938 common shareholders**, with a relatively concentrated equity structure where the top two shareholders, Feng Yuxing and Zhao Qian, are mother and daughter and parties acting in concert, holding a combined **49.66%** of shares, while Jiande State-owned Assets Management Co., Ltd. is the third largest shareholder with **20.80%** - As of the end of the reporting period, the company had a total of **10,938 common shareholders**[9](index=9&type=chunk) Top Three Shareholders' Shareholding | Shareholder Name | Number of Shares | Shareholding (%) | | :--- | :--- | :--- | | Feng Yuxing | 40,353,541 | 24.83% | | Zhao Qian | 40,353,540 | 24.83% | | Jiande State-owned Assets Management Co., Ltd. | 33,802,817 | 20.80% | - Shareholders Feng Yuxing and Zhao Qian are mother and daughter and parties acting in concert, holding a combined **49.66%** of shares[10](index=10&type=chunk) [Quarterly Financial Statements](index=4&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section presents the company's consolidated and parent company financial statements for the quarter, including balance sheets, income statements, and cash flow statements [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2023, the company's total assets were **2.725 billion yuan**, a **2.03% increase** from the end of the previous year, with total liabilities decreasing to **649 million yuan** and owners' equity attributable to shareholders of the listed company increasing by **4.83%** to **2.076 billion yuan**, indicating a stable asset structure Key Items of Consolidated Balance Sheet | Item | March 31, 2023 | December 31, 2022 | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,725,271,775.32 Yuan | 2,671,134,830.72 Yuan | 2.03% | | Total Liabilities | 648,963,703.42 Yuan | 690,445,830.30 Yuan | -5.99% | | Total Owners' Equity Attributable to Parent Company | 2,076,308,071.90 Yuan | 1,980,689,000.42 Yuan | 4.83% | [Consolidated Income Statement](index=7&type=section&id=Consolidated%20Income%20Statement) In Q1 2023, the company's operating revenue decreased by **7.16%** to **703 million yuan**, while operating costs decreased by **2.21%**, leading to a **30.74%** year-over-year decline in operating profit to **108 million yuan** and a **31.85%** decrease in net profit attributable to parent company shareholders to **92.21 million yuan** Key Items of Consolidated Income Statement | Item | Q1 2023 | Q1 2022 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 703,023,072.68 Yuan | 757,274,833.09 Yuan | -7.16% | | Operating Cost | 544,241,896.79 Yuan | 556,522,182.38 Yuan | -2.21% | | Operating Profit | 107,608,608.58 Yuan | 155,355,218.71 Yuan | -30.74% | | Net Profit Attributable to Parent Company Shareholders | 92,209,896.48 Yuan | 135,304,257.69 Yuan | -31.85% | | Basic Earnings Per Share (Yuan/share) | 0.58 Yuan | 0.85 Yuan | -31.76% | [Consolidated Cash Flow Statement](index=9&type=section&id=Consolidated%20Cash%20Flow%20Statement) During the reporting period, net cash flow from operating activities decreased by **45.29%** to **63.38 million yuan**, primarily due to increased cash paid for goods and services, while net cash outflow from investing activities significantly narrowed to **19.77 million yuan** from **87.99 million yuan** in the prior year, with no cash flow from financing activities Key Items of Consolidated Cash Flow Statement | Item | Q1 2023 | Q1 2022 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 63,384,168.53 Yuan | 115,863,223.74 Yuan | -45.29% | | Net Cash Flow from Investing Activities | -19,766,858.47 Yuan | -87,994,003.26 Yuan | 77.54% | | Net Cash Flow from Financing Activities | 0.00 Yuan | 0.00 Yuan | - | | Net Increase in Cash and Cash Equivalents | 43,202,968.09 Yuan | 27,866,569.81 Yuan | 55.03% | [Parent Company Financial Statements](index=11&type=section&id=Parent%20Company%20Financial%20Statements) This section presents the parent company's balance sheet, income statement, and cash flow statement, reflecting the company's standalone operations and financial position, with trends generally consistent with the consolidated statements - The parent company's operating revenue for Q1 2023 was **633 million yuan**, with a net profit of **70.92 million yuan**[28](index=28&type=chunk) - The parent company's net cash flow from operating activities was **53.11 million yuan**, and net cash flow from investing activities was **-3.91 million yuan**[32](index=32&type=chunk)

Financial Performance - The company's operating revenue for Q3 2022 was ¥656,778,683.02, a decrease of 7.72% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥78,611,601.46, an increase of 66.61% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥75,545,997.02, up 65.69% from the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.49, representing a growth of 68.97% compared to the same period last year[6] - The diluted earnings per share for Q3 2022 was ¥0.48, an increase of 65.52% year-on-year[6] - Total revenue for the first three quarters of 2022 reached CNY 2,120,404,138.57, an increase of 5.35% compared to CNY 2,012,903,046.50 in the same period of 2021[18] - Net profit for the third quarter of 2022 was CNY 324,340,505.98, representing a significant increase of 108.54% compared to CNY 155,454,667.26 in the same quarter of 2021[19] - Basic earnings per share for Q3 2022 were CNY 2.03, up from CNY 0.97 in the same period last year, reflecting a 109.3% increase[21] - Net profit for the first three quarters of 2022 was ¥279,105,373.86, compared to ¥120,590,052.68 in the same period of 2021, reflecting an increase of approximately 131.5%[29] Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥2,646,035,856.67, reflecting a growth of 15.73% compared to the end of the previous year[6] - The total equity attributable to shareholders at the end of Q3 2022 was ¥1,943,138,990.39, up 16.67% from the previous year[6] - The company's total assets as of September 30, 2022, amounted to CNY 2,646,035,856.67, up from CNY 2,286,452,299.44 at the end of 2021[17] - The total liabilities increased to CNY 702,896,866.28 from CNY 621,019,515.03, reflecting a rise of 13.14%[17] - The total liabilities as of the third quarter of 2022 amounted to ¥632,210,277.77, up from ¥588,111,597.74 in the same period of 2021, marking an increase of about 7.5%[28] - The company's total current liabilities reached ¥571,589,680.53 in the third quarter of 2022, an increase from ¥517,081,422.69 in the same period of 2021, reflecting a growth of approximately 10.5%[28] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥353,635,917.90, with a significant increase of 920.57%[6] - Cash flow from operating activities for the first nine months of 2022 was CNY 353,635,917.90, a substantial increase from CNY 34,650,769.03 in the previous year[22] - The cash flow from operating activities for the first three quarters of 2022 was ¥321,427,385.27, a substantial rise from ¥15,667,473.58 in the previous year[32] - The net cash flow from investing activities for Q3 2022 was -CNY 94,057,952.65, an improvement from -CNY 190,886,338.61 in Q3 2021[23] - The cash and cash equivalents at the end of Q3 2022 were CNY 919,271,246.96, compared to CNY 536,401,695.09 at the end of Q3 2021, showing a significant increase[23] - The cash and cash equivalents at the end of the period rose to $717.41 million, up from $486.68 million, indicating a significant increase of approximately 47.3%[33] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 67,123,148.96, up from CNY 61,306,778.41 in the same period of 2021[19] - Research and development expenses for the first three quarters of 2022 were ¥67,044,120.77, compared to ¥59,275,615.29 in the same period of 2021, indicating an increase of about 13.0%[28] Other Financial Metrics - The weighted average return on equity for Q3 2022 was 4.14%, an increase of 1.01 percentage points year-on-year[6] - The company reported a financial income of CNY 4,564,883.43, compared to CNY 1,806,127.00 in the previous year, showing a substantial increase[19] - The company attributed the increase in net profit primarily to the rise in prices of certain products[9] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current year[33]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,463,625,455.55, representing a 12.48% increase compared to CNY 1,301,175,606.75 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was CNY 245,728,904.52, a significant increase of 126.96% from CNY 108,270,870.34 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 235,889,358.45, up 129.94% from CNY 102,587,897.25 year-on-year[21]. - The net cash flow from operating activities reached CNY 242,793,873.20, a remarkable increase of 1,332.09% compared to CNY 16,953,838.52 in the same period last year[21]. - Basic earnings per share increased by 126.47% to CNY 1.54 compared to the same period last year[22]. - Diluted earnings per share also rose by 126.47% to CNY 1.54 year-on-year[22]. - The weighted average return on equity increased by 5.81 percentage points to 13.22%[22]. - The total operating revenue for the first half of 2022 was CNY 1,463,625,455.55, an increase of 12.5% compared to CNY 1,301,175,606.75 in the same period of 2021[142]. - The net profit for the first half of 2022 reached CNY 245,728,904.52, representing a significant increase of 127.5% from CNY 108,270,870.34 in the first half of 2021[144]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,509,322,135.90, reflecting a 9.75% increase from CNY 2,286,452,299.44 at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,858,948,588.93, an increase of 11.62% from CNY 1,665,432,784.41 at the end of the previous year[21]. - The total liabilities increased to ¥650,373,546.97 from ¥621,019,515.03, marking a rise of about 4.1%[136]. - The total assets reached ¥2,509,322,135.90, up from ¥2,286,452,299.44, indicating an increase of approximately 9.8%[136]. - The company's equity attributable to shareholders rose to ¥1,858,948,588.93 from ¥1,665,432,784.41, a growth of about 11.6%[136]. Research and Development - The company has 52 invention patents and 12 utility model patents as of June 30, 2022[30]. - The company is recognized as a key high-tech enterprise and has established several research centers in collaboration with renowned universities[30]. - Research and development expenses for the first half of 2022 were CNY 43,100,255.76, compared to CNY 41,238,634.53 in the same period of 2021, showing an increase of 4.5%[142]. - Research and development expenses increased to ¥43,044,067.05, up from ¥40,281,419.88 in the first half of 2021, indicating a focus on innovation[146]. Environmental Compliance - The company reported a total wastewater discharge of 20.05 tons per year, with a CODcr concentration of 96.2 mg/L, which is compliant with the national standard[59]. - The ammonia nitrogen concentration in wastewater was recorded at 1.384 mg/L, adhering to the specified discharge limits[59]. - The company achieved a pH level of 8.48 in wastewater, which is within the acceptable range of 6 to 9[59]. - The total emissions of non-methane hydrocarbons were measured at 154.6 mg/m³, which is below the regulatory threshold[59]. - The company’s sulfur dioxide emissions were recorded at 231.5 mg/m³, complying with the secondary emission standards[59]. - The company has implemented a comprehensive wastewater discharge standard (GB8978-1996) across its facilities[59]. - The company is actively monitoring and managing its emissions to ensure compliance with environmental regulations[59]. - The company has established a pollution discharge standard for the petrochemical industry, ensuring adherence to GB31571-2015[59]. - The company is committed to continuous improvement in its environmental performance and pollution control measures[59]. Corporate Governance and Shareholder Matters - The company did not declare any profit distribution or capital reserve transfer to increase share capital during this reporting period[4]. - The company has approved a proposal to optimize and adjust certain fundraising projects, indicating a strategic shift in product structure[49]. - The company is implementing a stock incentive plan for 2022, which has been approved by the board and is aimed at motivating employees[55]. - The company’s governance practices, including the procedures for shareholder meetings, have complied with legal and regulatory requirements[52]. - The company held its 2021 annual shareholders' meeting on May 12, 2022, where it approved the 2022 restricted stock incentive plan and its implementation management measures[56]. - The independent directors expressed their agreement with the adjustments made to the 2022 restricted stock incentive plan[56]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[81]. - The controlling shareholder has pledged to avoid engaging in any competing business activities directly or indirectly[82]. - The company will ensure that any unavoidable related-party transactions are conducted on a fair and reasonable basis[86]. Risks and Challenges - The report includes a risk statement indicating that future operational outlooks are based on current macroeconomic policies and market conditions, and do not constitute performance commitments[5]. - The company faces risks related to the ongoing COVID-19 pandemic, which may impact production and operational performance[45]. - The company faces risks related to safety incidents that could negatively impact its assets, employee safety, and the surrounding environment due to improper production practices or other uncertainties[46]. - Fluctuations in raw material prices, which are closely linked to macroeconomic conditions and oil prices, pose a significant risk to the company's production costs and overall profitability[47]. - The company is expected to continue facing challenges in maintaining sustainable profitability due to external economic factors[47]. Share Structure and Ownership - The company has a total of 162,530,000 shares issued, each with a par value of 1 CNY[170]. - The largest shareholder, Feng Lie, holds 80,707,081 shares, representing a significant portion of the total[117]. - The second largest shareholder, Jiande State-owned Assets Management Co., holds 33,802,817 shares, accounting for 20.80%[122]. - The company has a total of 2,740,072 shares held by Jiande Jianye Investment Consulting Co., which is 1.69% of the total shares[122]. - The company has a total of 900,000 shares issued to Jiande Jianyi Investment Consulting Partnership, representing 0.55% of total shares[122]. - The company has a total of 120,000 shares held by Sun Bin, which is 0.23% of the total shares[122]. - The company has a total of 80,707,081 shares with a lock-up period ending on March 2, 2023, for shareholder Feng Lie[124]. - The company has a total of 2,740,072 shares with a lock-up period ending on March 2, 2023, for Jiande Jianye Investment Consulting Co.[124]. Financial Reporting and Accounting - The company’s financial reporting adheres to the relevant accounting standards, ensuring accurate representation of financial position and performance[180]. - The company has a clear policy for the recognition and measurement of financial instruments, ensuring compliance with accounting standards[186]. - The company’s financial statements are consolidated, including all subsidiaries under its control, in accordance with accounting standards[180]. - The company measures expected credit losses based on the weighted average of credit losses for financial instruments, considering the risk of default[190]. - The company applies the effective interest method for subsequent measurement of financial assets and liabilities measured at amortized cost[185].

Financial Performance - The company's operating revenue for 2021 was approximately CNY 2.80 billion, representing a 61.94% increase compared to CNY 1.73 billion in 2020[21]. - The net profit attributable to shareholders for 2021 was approximately CNY 290 million, a 130.75% increase from CNY 126 million in 2020[21]. - The net profit after deducting non-recurring gains and losses was approximately CNY 270 million, reflecting a 148.30% increase compared to CNY 109 million in the previous year[21]. - The cash flow from operating activities for 2021 was approximately CNY 194 million, up 124.49% from CNY 86 million in 2020[21]. - The total assets at the end of 2021 were approximately CNY 2.29 billion, a 20.33% increase from CNY 1.90 billion at the end of 2020[22]. - The net assets attributable to shareholders at the end of 2021 were approximately CNY 1.67 billion, an 18.33% increase from CNY 1.41 billion at the end of 2020[22]. - Basic earnings per share for 2021 were 1.81 RMB, up 120.73% from 0.82 RMB in 2020[23]. - The company achieved operating revenue of 2,799.50 million RMB in 2021, an increase of 61.94% compared to the previous year[31]. - Net profit for 2021 was 290.02 million RMB, representing a growth of 130.75% year-over-year[31]. - The company reported a net cash flow from operating activities of CNY 193,946,083.65, a 124.49% increase from the previous year[51]. Operational Highlights - The company produced 114,668.38 tons of low-carbon fatty amines and 63,322.69 tons of ultra-pure ammonia in 2021, with sales rates of 99.90% and 99.93% respectively[31]. - The company completed the construction of a new project for ultra-pure ammonia with an annual capacity of 13,000 tons, addressing capacity shortages[31]. - The company received government subsidies amounting to 17.49 million RMB in 2021, which are closely related to its normal business operations[27]. - The company was recognized as one of the "Top 500 Enterprises in the Petroleum and Chemical Industry of China" in 2021[31]. - The company reduced wastewater discharge from 82,524 tons in 2020 to 52,272 tons in 2021, a decrease of 36.66%[32]. - New products, including electronic-grade ammonia water and electronic-grade isopropanol, were introduced with capacities of 6,000 tons/year and 3,000 tons/year respectively[31]. - The company initiated the construction of a 130t/h boiler to address steam supply shortages and prepare for production expansion[33]. - In 2021, the company completed 9 technical innovation projects and 78 minor improvements, enhancing production processes and safety measures[33]. - A total of 89 employees participated in training programs aimed at improving operational skills and educational qualifications[34]. Research and Development - The company holds 48 invention patents and 10 utility model patents, showcasing its strong R&D capabilities in low-carbon fatty amines[46]. - The company is recognized as a leading entity in the low-carbon fatty amine market, with a significant share of production capacity compared to peers[47]. - Research and development expenses increased by 71.92% to CNY 96,212,125.01, indicating a significant investment in innovation[51]. - The total R&D expenditure for the period was CNY 96,212,125.01, representing 3.44% of total revenue[64]. - The company has established partnerships with renowned universities and research institutes for collaborative R&D efforts[81]. Environmental and Safety Management - The company has implemented a comprehensive safety and environmental management system to ensure safe production and compliance with environmental standards[99]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[148]. - The wastewater discharge concentration for CODcr is 128.6 mg/L, which is below the regulatory limit of 200 mg/L[148]. - The ammonia nitrogen discharge concentration is 2.1 mg/L, compliant with the standard limit of 25 mg/L[148]. - The company follows the "Comprehensive Wastewater Discharge Standards" (GB8978-1996) at the tertiary standard level[148]. - The company has established a wastewater treatment system to meet the required discharge standards[148]. - The company is committed to improving its environmental performance and reducing pollutant emissions[148]. - The company has established a dedicated safety and environmental protection organization, ensuring compliance with ISO 14001 environmental management system requirements[168]. Corporate Governance - The company has established a comprehensive internal management system, enhancing operational efficiency and reducing management costs[48]. - The company is committed to improving internal controls and governance structures to ensure compliance with legal and regulatory requirements[109]. - The company has established measures to prevent conflicts of interest among its directors and senior management[182]. - The company has not faced any penalties from securities regulatory agencies in the past three years[122]. - The board of directors has been actively involved in overseeing the company's strategic decisions, including the management of daily related transactions[122]. Shareholder and Management Structure - The total number of shares held by the chairman and general manager, Feng Lie, remained unchanged at 80,707,081 shares, with a pre-tax remuneration of 993,300 RMB[113]. - The total number of shares held by the company’s board members remained at 82,057,099 shares, with a total pre-tax remuneration of 7,010,300 RMB[113]. - The company appointed Sun Qi as Vice General Manager on January 5, 2021, reflecting a strategic move to strengthen management[115]. - The company has established a performance assessment system for senior management remuneration based on annual operational goals[119]. - The company has implemented a training program focusing on safety and environmental protection, emphasizing continuous education and practical assessments[136]. Market and Industry Position - The fine chemical industry in China has a current fine chemical rate of 40%-50%, indicating significant room for growth compared to developed countries' 60%[37]. - The demand for low-carbon fatty amines is increasing, particularly in the pesticide market, which is expanding in China[38]. - The market for plasticizers remains broad, with PVC products being the largest application area, driven by growth in downstream sectors[39]. - The company operates in the fine chemical products sector, focusing on low-carbon fatty amines, plasticizers, acetate esters, and electronic chemicals[70]. - The company is a leading domestic producer of low-carbon fatty amines, with a complete product range and significant industry position, having drafted six national standards and seven industry standards[74]. Future Outlook and Strategic Initiatives - The company plans to enhance its R&D investment and expand production capacity to improve product competitiveness and become a leading fine chemical research and production base in China[98]. - The company is actively seeking new growth points in the fine chemical sector while ensuring orderly external expansion to enhance sustainable profitability[102]. - The company aims to improve employee quality and customer satisfaction to establish a strong brand value in the industry[98]. - The company is focusing on integrating industrialization and information technology to optimize operations and create sustainable competitive advantages[101].

Financial Performance - The company's operating revenue for Q1 2022 was ¥757,274,833.09, representing a year-on-year increase of 21.78%[5] - The net profit attributable to shareholders for the same period was ¥135,304,257.69, showing a significant increase of 140.44% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥131,807,303.58, up by 148.39% year-on-year[5] - Basic earnings per share for Q1 2022 were ¥0.85, reflecting a growth of 142.86% year-on-year[5] - Total operating revenue for Q1 2022 reached ¥757,274,833.09, an increase of 21.76% compared to ¥621,845,523.77 in Q1 2021[19] - Net profit for Q1 2022 was ¥135,304,257.69, a significant increase of 140.00% from ¥56,274,352.93 in Q1 2021[20] - Total comprehensive income for Q1 2022 reached ¥135,304,257.69, a significant increase from ¥56,274,352.93 in Q1 2021, representing an increase of approximately 140.0%[21] - Basic and diluted earnings per share for Q1 2022 were both ¥0.85, compared to ¥0.35 in Q1 2021, indicating a growth of 142.9%[21] - Operating profit for Q1 2022 was ¥135,088,570.43, up from ¥48,468,516.95 in Q1 2021, indicating a significant growth[30] - Net profit for Q1 2022 was ¥118,044,179.42, compared to ¥44,572,245.80 in Q1 2021, reflecting a year-over-year increase of 164.5%[30] Cash Flow - The net cash flow from operating activities reached ¥115,863,223.74, a remarkable increase of 1,661.81% compared to the same period last year[5] - Cash inflow from operating activities for Q1 2022 was ¥500,127,011.32, up from ¥292,914,094.84 in Q1 2021, reflecting an increase of 70.8%[23] - Net cash flow from operating activities for Q1 2022 was ¥115,863,223.74, a turnaround from a negative cash flow of ¥7,418,544.99 in Q1 2021[23] - The company reported a net cash flow from operating activities of ¥118,434,849.75 in Q1 2022, a turnaround from a negative cash flow of ¥12,551,623.35 in Q1 2021[32] Assets and Liabilities - The total assets at the end of Q1 2022 amounted to ¥2,495,452,967.14, an increase of 9.14% from the end of the previous year[6] - Total assets as of Q1 2022 amounted to ¥2,495,452,967.14, up from ¥2,286,452,299.44 in Q1 2021, indicating a growth of 9.14%[16] - Total liabilities for Q1 2022 were ¥694,715,925.04, compared to ¥621,019,515.03 in Q1 2021, representing an increase of 11.83%[15] - Total liabilities as of Q1 2022 amounted to ¥648,351,235.55, an increase from ¥588,111,597.74 in the previous year[28] - The total equity of the company reached ¥1,800,737,042.10 in Q1 2022, up from ¥1,665,432,784.41 in Q1 2021, reflecting a growth of 8.11%[16] - The total equity of the company reached ¥1,702,436,537.16 in Q1 2022, compared to ¥1,584,392,357.74 in Q1 2021, indicating a growth of 7.5%[28] Expenses - Total operating costs for Q1 2022 were ¥599,496,601.69, up from ¥556,471,177.29 in Q1 2021, reflecting a rise of 7.73%[19] - Research and development expenses increased to ¥20,032,962.18 in Q1 2022, compared to ¥16,584,585.94 in Q1 2021, marking a growth of 20.00%[20] - Research and development expenses increased to ¥20,002,290.39 in Q1 2022, up from ¥16,094,783.15 in Q1 2021, highlighting the company's commitment to innovation[30] - The company reported a decrease in sales expenses to ¥2,694,658.66 in Q1 2022 from ¥4,744,298.68 in Q1 2021, a reduction of 43.14%[19] - The company recorded a decrease in sales expenses to ¥2,028,981.33 in Q1 2022 from ¥3,064,813.34 in Q1 2021, suggesting improved cost management[30] Government Subsidies - The company received government subsidies amounting to ¥3,926,522.51 during the quarter, which are closely related to its normal business operations[7] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,623[10] Future Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[21] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]

Financial Performance - The company's operating revenue for Q3 2021 was ¥711,727,439.75, representing a year-on-year increase of 58.42%[5] - The net profit attributable to shareholders for Q3 2021 was ¥47,183,796.92, reflecting a year-on-year growth of 71.60%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥45,594,269.43, an increase of 87.99% compared to the same period last year[5] - The basic earnings per share for Q3 2021 was ¥0.29, up 71.60% year-on-year[6] - The diluted earnings per share for Q3 2021 was also ¥0.29, showing a year-on-year increase of 71.60%[6] - Total operating revenue for the first three quarters of 2021 reached ¥2,012,903,046.50, a significant increase from ¥1,219,270,577.37 in the same period of 2020, representing a growth of approximately 64.8%[21] - Operating profit for the first three quarters of 2021 was ¥171,499,128.72, compared to ¥103,399,797.38 in 2020, indicating an increase of about 65.8%[22] - Net profit for the first three quarters of 2021 was ¥155,454,667.26, up from ¥95,057,442.14 in 2020, reflecting a growth of approximately 63.5%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,112,932,866.88, an increase of 11.19% from the end of the previous year[6] - The total liabilities as of the third quarter of 2021 amounted to ¥582,067,767.25, an increase from ¥492,811,848.16 in the previous year, showing a rise of about 18.1%[18] - The equity attributable to shareholders at the end of the reporting period was ¥1,530,865,099.63, reflecting an increase of 8.77% from the end of the previous year[6] - The total current assets reached RMB 1,507,962,979.46, compared to RMB 1,391,799,689.48, reflecting a growth of about 8.36%[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥34,650,769.03, showing a significant increase of 283.11%[6] - Cash inflow from operating activities for Q3 2021 was approximately $1.28 billion, compared to $796.15 million in Q3 2020, representing a year-over-year increase of 60.5%[26] - Net cash flow from operating activities was $34.65 million, a significant recovery from a negative cash flow of $18.92 million in the same quarter last year[26] - Cash inflow from investment activities totaled approximately $1.33 billion, up from $1.22 billion in Q3 2020, indicating a growth of 9.1%[27] - The ending cash and cash equivalents balance was approximately $536.40 million, a decrease from $725.96 million at the beginning of the quarter[27] Operational Highlights - The company experienced revenue growth primarily due to increased sales volume and price hikes of certain products[9] - The company reported a significant increase in prepayments, which rose to RMB 12,960,171.50 from RMB 2,622,509.76, a growth of approximately 392.73%[16] - Accounts receivable increased significantly to RMB 180,115,279.63, up from RMB 87,282,688.23, marking a growth of approximately 106.36%[16] - Inventory levels rose to RMB 191,814,307.51 compared to RMB 168,961,663.44, indicating an increase of about 13.54%[16] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥61,306,778.41, up from ¥39,506,226.44 in 2020, indicating a growth of about 55.0%[21] Future Outlook - The company has not disclosed any new product or technology developments during the reporting period[14] - There are no significant mergers or acquisitions reported in the current quarter[14] - The company has not provided specific future guidance or market expansion strategies in the conference call[14]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,301,175,606.75, representing a 68.98% increase compared to ¥770,003,557.82 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was ¥108,270,870.34, a 60.26% increase from ¥67,560,261.97 in the previous year[19]. - Basic earnings per share for the first half of 2021 were ¥0.68, up 47.83% from ¥0.46 in the same period last year[20]. - The company reported a total profit of ¥128,323,084.81 for the first half of 2021, a 59.7% increase from ¥80,400,139.27 in the same period of 2020[125]. - The total profit for the first half of 2021 reached CNY 96,206,217.01, up 39.3% from CNY 69,082,669.73 in the first half of 2020[129]. - The net profit for the first half of 2021 was CNY 82,588,279.33, representing a 40.3% increase from CNY 58,856,967.04 in the same period last year[129]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly to ¥16,953,838.52, compared to a negative cash flow of ¥32,123,294.28 in the same period last year, marking a 152.78% change[19]. - Cash inflows from operating activities amounted to CNY 740,548,707.31, compared to CNY 518,669,658.60 in the first half of 2020, reflecting a growth of 42.7%[131]. - The ending balance of cash and cash equivalents was CNY 589,161,042.73, up from CNY 137,997,191.17 at the end of the first half of 2020[132]. - The cash and cash equivalents at the end of the reporting period were ¥589,161,042.73, a decrease of 16.39% from ¥704,630,085.55 at the end of the previous year[36]. - The company reported a significant increase in inventory, which rose by 29.8% to ¥219,306,064.73 from ¥168,961,663.44 in the previous year[36]. - Total liabilities increased to CNY 634,733,828.81 from CNY 492,811,848.16, indicating a rise of around 28.8%[118]. Investments and Acquisitions - The company completed the acquisition of 100% equity in Hangzhou Xinde Environmental Technology Co., Ltd., which is now a wholly-owned subsidiary[30]. - The company is investing in a project to produce 18,000 tons of ultra-pure electronic-grade chemicals annually, with the first phase of 6,000 tons of ammonia water entering the debugging stage[30]. - The company has invested CNY 77,075,301.59 in construction projects, significantly up from CNY 32,659,720.89, indicating a growth of approximately 135.5%[116]. Research and Development - Research and development expenses surged by 96.76% to ¥41,238,634.53, up from ¥20,958,601.69 in the previous year[36]. - The company added 14 new effective patents during the reporting period, including 8 invention patents and 6 utility model patents[30]. Environmental Compliance and Management - The company is subject to environmental regulations and has reported non-compliance in wastewater discharge, specifically exceeding CODcr and ammonia nitrogen limits[54]. - The company has established various pollution control facilities, including wastewater, waste gas, solid waste, and noise pollution treatment systems as per environmental impact assessment requirements[56]. - The company is actively participating in carbon emission reduction efforts, implementing energy-saving measures to reduce electricity and steam loads, and has included its subsidiary in the national carbon emissions trading management list[71]. - The company has committed to maintaining compliance with environmental regulations, with no administrative penalties reported during the reporting period[69]. Shareholder and Corporate Governance - The company does not plan to distribute profits or increase capital reserves during this reporting period[4]. - The company reported a profit distribution plan with no dividends or stock bonuses proposed for the half-year period[51]. - The company appointed Sun Qi as the new Vice General Manager and elected Zhang Youzhong as a non-independent director[50]. - The company has committed to not transferring or managing shares held prior to the public offering for a period of 36 months from the listing date[77]. Market Position and Product Performance - The company has a strong market position, with a significant share in the low-carbon fatty amines and plasticizers markets, and has been recognized as a well-known trademark in the industry[28]. - Sales volume growth rates for key products were 25.98% for low-carbon fatty amines, 10.17% for plasticizers, 2.51% for acetate esters, and 44.01% for electronic chemicals compared to the previous year[29]. - The company reported a significant increase in sales revenue for its main products, with growth rates of 69.75% for low-carbon fatty amines, 75.69% for plasticizers, 38.93% for acetate esters, and 35.63% for electronic chemicals compared to the previous year[29]. Financial Structure and Equity - The total assets of the company increased by 11.48% to ¥2,118,415,131.52 from ¥1,900,222,280.53 at the end of the previous year[19]. - Shareholders' equity reached CNY 1,483,681,302.71, compared to CNY 1,407,410,432.37, showing an increase of about 5.4%[118]. - The total owner's equity at the end of the reporting period is CNY 1,357,354,679.86, an increase from CNY 801,953,527.73 at the end of the previous year, reflecting a growth of approximately 69%[153].

Financial Performance - The company's operating revenue for 2020 was approximately CNY 1.73 billion, representing a 3.17% increase compared to CNY 1.68 billion in 2019[23]. - The net profit attributable to shareholders of the listed company decreased by 11.82% to approximately CNY 125.69 million in 2020 from CNY 142.53 million in 2019[23]. - The cash flow from operating activities for 2020 was approximately CNY 86.39 million, a decrease of 7.07% from CNY 92.97 million in 2019[24]. - Basic earnings per share decreased by 31.09% to CNY 0.82 in 2020 from CNY 1.19 in 2019[25]. - The weighted average return on equity dropped to 9.73% in 2020, down 9.18 percentage points from 18.91% in 2019[25]. - The gross profit margin for the chemical industry was 12.36%, which decreased by 4.82 percentage points compared to the previous year due to rising raw material prices and increased transportation costs[51]. - The company reported a year-on-year increase in ethanol procurement price by 14.12% and is actively managing raw material price fluctuations to mitigate impacts on operating costs[83]. Assets and Liabilities - The total assets of the company increased by 71.79% to approximately CNY 1.90 billion at the end of 2020, compared to CNY 1.11 billion at the end of 2019[24]. - The net assets attributable to shareholders of the listed company rose by 70.56% to approximately CNY 1.41 billion at the end of 2020, up from CNY 825.18 million at the end of 2019[24]. - The total liabilities decreased, with short-term borrowings at CNY 0, down from CNY 40,050,703.82 in the previous year[67]. - The company’s capital reserve increased significantly to CNY 507,202,483.81, up 901.22% from the previous year[67]. Production and Operations - In 2020, the company produced 96,963 tons of low-carbon fatty amines, 43,319 tons of acetate, 50,526 tons of plasticizers, and 5,383 tons of ultra-pure ammonia, with production and sales rates of 99.02%, 100.82%, 101.32%, and 99.43% respectively[43]. - The company completed the construction of a 6,500 tons/year ultra-pure ammonia facility and a 25,000 tons/year ethylamine facility, enhancing its production capacity and market responsiveness[45]. - The production capacity of low-carbon fatty amines increased by 25,000 tons/year, while the capacity for electronic chemicals decreased by 1,000 tons/year for ultra-pure ammonia, with an additional 6,500 tons/year ultra-pure ammonia facility added[81]. - The utilization rates for major products are as follows: low-carbon fatty amines at 89.78%, plasticizers at 101.05%, acetate at 108.30%, and electronic chemicals at 74.48%[82]. Research and Development - The company holds 40 invention patents and 3 utility model patents as of December 31, 2020, reflecting its strong R&D capabilities[37]. - The company has established partnerships with several renowned universities and research institutes, enhancing its technological development[37]. - Research and development expenses amounted to CNY 55,963,027.85, representing 3.24% of total revenue, with 134 R&D personnel making up 22.75% of the total workforce[62]. Market and Industry Outlook - The fine chemical industry in China has a potential growth space, with the current fine chemical rate at 40%-50% compared to about 60% in developed countries[34]. - The market for plasticizers remains broad, driven by the expanding applications of PVC in various sectors[35]. - The company is actively expanding its market presence in the electronic chemicals sector, particularly focusing on ultra-pure ammonia, which is crucial for the LED industry[74]. Corporate Governance and Compliance - The company has not faced any issues with a majority of directors being unable to ensure the authenticity, accuracy, and completeness of the annual report[9]. - The company has no major litigation or arbitration matters reported for the year[143]. - The company has maintained a good integrity status for both itself and its controlling shareholders during the reporting period[143]. Environmental and Social Responsibility - The company emphasizes safety and environmental protection as its primary social responsibility, aiming for "zero injuries, zero pollution, and zero accidents"[153]. - The company has implemented significant technological innovations to reduce energy and resource consumption, minimizing waste emissions[155]. - The company has established wastewater treatment facilities that process production and domestic wastewater, achieving compliance through collaboration with the Sanjiang Ecological Management Co., Ltd.[164][166]. Shareholder and Stock Information - Shareholders committed to not transferring or entrusting their shares for 12 months post-listing, with an automatic 6-month extension if stock price falls below the issue price for 20 consecutive trading days within 6 months[110]. - The company plans to implement a share repurchase program using its own funds, with the repurchase price not exceeding the audited net asset value per share from the previous fiscal year[124]. - The total number of restricted shares before the recent changes was 120 million, which now represents 75% of the total shares after adjustments[175]. Leadership and Management - The company has a diverse leadership team with extensive experience in various roles within the chemical industry[200]. - The current chairman and general manager has a history of leadership in the company since its inception[200]. - The independent directors bring academic and industry expertise, enhancing governance and strategic oversight[200].