Financial Performance - The company's operating revenue for Q3 2022 was ¥954,688,989.18, representing a 20.00% increase compared to ¥780,744,453.84 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2022 was ¥90,608,454.95, a 38.20% increase from ¥67,027,225.54 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥69,256,764.61, reflecting a 13.06% increase from ¥62,721,510.62 in the same period last year[5]. - The basic earnings per share for Q3 2022 was ¥0.34, up 41.67% from ¥0.25 in the same period last year[9]. - Total operating revenue for the first three quarters of 2022 reached ¥2,720,479,104.40, a 28.9% increase from ¥2,111,059,935.84 in the same period of 2021[27]. - Net profit for the first three quarters of 2022 was ¥227,910,463.92, representing a 28.5% increase compared to ¥177,294,011.15 in the previous year[31]. - Basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.84, compared to ¥0.79 in the same period of 2021[33]. - The total comprehensive income for the first three quarters of 2022 was ¥227,376,393.29, compared to ¥175,307,036.24 in the previous year[33]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥332,820,926.11, a significant increase of 96.36% compared to ¥167,511,097.10 in the previous year[9]. - Cash inflow from operating activities totaled ¥2,644,924,517.57, a significant increase from ¥1,747,645,199.78 in the previous year[35]. - Cash received from sales of goods and services was ¥2,333,012,793.43, up from ¥1,616,047,694.32 year-over-year[35]. - Total cash outflow from investing activities was $934,769,160.33, compared to $740,360,180.70, indicating an increase of 26.2%[36]. - Net cash flow from financing activities improved to $523,684,251.56, up from $208,325,136.55, reflecting a growth of 151.5%[36]. - Cash inflow from financing activities totaled $824,628,000.00, compared to $695,920,600.00, marking an increase of 18.5%[36]. - Cash outflow for debt repayment was $206,922,000.00, down from $465,650,000.00, a decrease of 55.6%[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,502,338,116.77, an increase of 28.43% from ¥3,505,661,570.30 at the end of the previous year[9]. - The company's current assets totaled RMB 1,419,680,044.93 as of September 30, 2022, compared to RMB 1,363,890,107.85 at the end of 2021, indicating an increase of about 4.1%[21]. - Accounts receivable increased to RMB 376,743,479.02 from RMB 309,005,266.08 year-over-year, reflecting a growth of approximately 21.9%[21]. - Inventory levels rose to RMB 515,598,968.21, up from RMB 446,070,214.30, marking an increase of around 15.6%[21]. - The total liabilities of the company reached RMB 2,291,058,825.29, compared to RMB 1,467,337,224.74 in the previous year, which is an increase of approximately 56.2%[24]. - Short-term borrowings surged to RMB 558,202,866.72 from RMB 161,653,865.41, representing an increase of about 245.5%[24]. - The company's equity attributable to shareholders amounted to RMB 2,210,137,501.63, up from RMB 2,036,892,273.07, indicating a growth of approximately 8.5%[24]. - The company reported a decrease in cash and cash equivalents to RMB 123,961,201.91 from RMB 167,265,827.05, a decline of about 26.0%[17]. - The company’s non-current assets totaled RMB 3,082,658,071.84, up from RMB 2,141,771,462.45, representing an increase of about 43.9%[26]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,004, indicating a broad shareholder base[14]. - The company benefited from a tax rate reduction from 25% to 15% due to policies supporting development in the western region, contributing to the increase in net profit[13]. - The company's undistributed profits stood at approximately $931.64 million, with a minor decrease of $45,196.88 from the prior period[45]. - Total equity attributable to shareholders amounted to approximately $2.04 billion, reflecting a slight decrease of $45,196.88 compared to the previous period[45]. - The total amount of treasury stock was approximately $62.30 million, remaining stable[45].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was RMB 200 million, up 10% compared to the same period last year[13]. - The company's operating revenue for the first half of 2022 was CNY 1,765,790,115.22, representing a year-on-year increase of 34.23% compared to CNY 1,315,472,772.49 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 137,188,161.23, reflecting a year-on-year growth of 22.84% from CNY 111,680,822.67[20]. - The net cash flow from operating activities increased by 32.50%, reaching CNY 136,094,541.00 compared to CNY 102,714,304.02 in the previous year[20]. - The company achieved a revenue of RMB 1,765,790,115.22, representing a year-on-year growth of 34.23%[51]. - The net profit attributable to shareholders was RMB 137,188,200, showing a year-on-year increase of 22.84%[44]. Market Expansion and Strategy - User data indicates a growth in customer base by 20%, reaching 500,000 active users by the end of June 2022[13]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[13]. - The sales strategy includes both domestic and international sales, with a focus on direct sales and dealer sales[30]. - The company has established sales channels covering over 100 countries and regions globally, enhancing its brand reputation and market share[42]. Research and Development - The company has allocated RMB 50 million for research and development in advanced cooling technologies for the upcoming fiscal year[13]. - The company focuses on the research, production, and sales of fluorochemicals, with a complete industrial chain from fluorite ore to fluorinated polymers[26]. - The company has 48 registered patents, including 17 invention patents, indicating a strong focus on R&D[41]. - The company’s R&D expenses increased by 23.50% to RMB 21,498,813.87, reflecting a commitment to product and technology development[52]. - The company is increasing its investment in R&D for high-value fluoropolymer materials and environmentally friendly fluorochemicals to adapt to potential regulatory changes regarding HFCs[68]. Production Capacity and Operations - The company has an annual production capacity of 85,000 tons for anhydrous hydrofluoric acid[35]. - The production capacity for fluorocarbon chemicals is 140,000 tons annually[40]. - The production of fluoropolymer materials and monomers reached approximately 158,000 tons in the first half of 2022, representing a year-on-year growth of over 30%[38]. - The company aims to expand its production capacity, with ongoing projects including 130,000 tons of hydrofluoric acid and over 100,000 tons of fluorocarbon chemicals[40]. Financial Integrity and Compliance - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[5]. - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulations[5]. - The board of directors confirmed the authenticity and completeness of the financial report, with all members present at the meeting[7]. Environmental and Safety Initiatives - The company emphasizes safety and environmental protection, implementing various initiatives to enhance safety awareness and environmental management[49]. - The company reported that all major pollutant emissions from its subsidiaries met regulatory standards during the reporting period, with no significant environmental pollution incidents occurring[83]. - The company has implemented a series of measures to reduce carbon emissions, including energy management strategies aimed at lowering energy consumption[94]. - The company has established wastewater treatment facilities that recycle treated wastewater for reuse, with no external discharge of wastewater[92]. Shareholder and Governance Commitments - The company commits not to transfer or manage its shares for 36 months post-IPO, ensuring stability in shareholding[111]. - The company will not repurchase shares during the lock-up period, ensuring no dilution of existing shares[111]. - The company will ensure that all commitments made are within its capability to fulfill[134]. - The controlling shareholder has pledged to avoid interfering in the company's management and to uphold the company's interests[123]. Risks and Challenges - The company faces risks from cyclical fluctuations in the fluorochemical industry, which is closely tied to macroeconomic conditions and demand from downstream sectors like air conditioning and automotive[65]. - The company is addressing the risk of rising raw material prices, particularly for fluorite, by optimizing supply chains and developing strategic partnerships[69]. - The company is focusing on the development of fourth-generation refrigerants to counter the risk of being replaced by newer, more efficient alternatives[70].

Financial Performance - The company's operating revenue for Q1 2022 was ¥732,531,168.68, an increase of 18.19% compared to ¥607,201,218.77 in the same period last year[6] - Net profit attributable to shareholders was ¥72,593,663.16, representing a 43.64% increase from ¥50,100,546.54 in the previous year[6] - The net profit after deducting non-recurring gains and losses increased by 48.33%, reaching ¥48,258,541.06[12] - Basic and diluted earnings per share were both ¥0.27, an increase of 8.00% from ¥0.25 in the previous year[9] - The company reported a significant increase in gross profit margin due to higher operating revenue and improved profitability[12] - Operating profit rose to 95,479,570.79, compared to 66,420,917.16 in the same period last year, marking an increase of approximately 44%[28] - Total profit amounted to 94,712,075.67, up from 65,453,593.61, indicating a growth of around 45%[28] - The total comprehensive income reached 72,854,954.55, compared to 50,619,470.75, indicating an increase of approximately 44%[30] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥39,802,356.42, a decrease of 290.68% compared to ¥20,437,747.13 in the same period last year[9] - The company reported a net cash flow from operating activities of -39,802,356.42, a decline from 20,874,410.12 in the previous year[35] - Total cash inflow from investment activities amounted to approximately ¥129.79 million, while cash outflow was about ¥305.59 million, resulting in a net cash flow from investment activities of approximately -¥305.46 million[36] - Cash inflow from financing activities reached approximately ¥423.04 million, with cash outflow totaling around ¥25.78 million, leading to a net cash flow from financing activities of approximately ¥397.26 million[36] - The company's cash and cash equivalents at the end of the period stood at approximately ¥133.97 million, an increase from ¥82.58 million at the beginning of the period[36] - The company has maintained a stable level of cash equivalents, with a net increase of approximately ¥51.39 million during the reporting period[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,924,901,105.17, an increase of 11.96% from ¥3,505,661,570.30 at the end of the previous year[9] - The company's cash and cash equivalents increased to CNY 188,798,364.89 from CNY 167,265,827.05, reflecting a growth of about 12.3%[21] - Total current assets amounted to CNY 1,543,510,353.26, up from CNY 1,363,890,107.85, indicating an increase of approximately 13.2%[21] - The total liabilities increased to CNY 1,806,364,585.03 from CNY 1,467,337,224.74, reflecting a rise of approximately 22.9%[25] - The company's short-term borrowings increased significantly to CNY 450,275,667.49 from CNY 161,653,865.41, representing a growth of approximately 178.5%[24] - The company's long-term debt was approximately ¥60.40 million, indicating a manageable debt level relative to total liabilities[41] Shareholder Information - Shareholders' equity attributable to the parent company was ¥2,117,015,114.18, reflecting a 3.93% increase from ¥2,036,892,273.07 at the end of the previous year[9] - The total number of ordinary shareholders at the end of the reporting period was 26,778[14] - Total equity attributable to shareholders reached approximately 2,036,892,273.07, a slight decrease of 45,196.88 compared to the previous period[43] Research and Development - Research and development expenses increased to 10,296,632.76, up from 5,375,848.20, reflecting an increase of about 91%[28] Tax and Financial Expenses - The company incurred financial expenses of 5,233,190.57, compared to 3,454,375.47, which is an increase of about 51%[28] - The company’s tax expenses rose to 22,037,061.04 from 14,834,122.86, reflecting an increase of about 48%[28] Inventory and Receivables - Inventory levels rose to CNY 599,502,202.91 from CNY 446,070,214.30, reflecting an increase of about 34.3%[21] - Accounts receivable totaled approximately ¥309.01 million, while inventory was valued at approximately ¥446.07 million[39]

Financial Performance - The company's operating revenue for 2021 was CNY 2,898,620,127.51, representing a 48.51% increase compared to CNY 1,951,739,654.33 in 2020[28]. - The net profit attributable to shareholders for 2021 was CNY 278,002,762.25, a significant increase of 173.12% from CNY 101,788,898.88 in 2020[28]. - The net cash flow from operating activities for 2021 was CNY 179,826,694.49, up 124.42% from CNY 80,131,156.55 in 2020[28]. - The total assets at the end of 2021 were CNY 3,505,661,570.30, which is a 43.41% increase from CNY 2,444,422,830.64 at the end of 2020[28]. - The basic earnings per share for 2021 was CNY 1.20, reflecting a 135.29% increase compared to CNY 0.51 in 2020[30]. - The weighted average return on equity for 2021 was 16.89%, an increase of 8.93 percentage points from 7.96% in 2020[30]. - The company reported a net profit of CNY 102,744,380.86 in Q4 2021, which was the highest quarterly profit for the year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2021 was CNY 274,637,035.91, a 241.70% increase from CNY 80,372,674.74 in 2020[28]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 2,036,892,273.07, a 52.82% increase from CNY 1,332,877,495.55 at the end of 2020[28]. Dividend Distribution - The company plans to distribute a cash dividend of 2.50 RMB per 10 shares, totaling approximately 67.44 million RMB based on the total share capital of 269,750,994 shares as of December 31, 2021[7]. - The company does not plan to issue stock dividends or increase capital reserves through stock distribution for the 2021 profit distribution plan[7]. - The company’s remaining undistributed profits will be carried forward to the next fiscal year after the implementation of the profit distribution plan[7]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the accuracy and completeness of the financial report[6]. - The company’s board of directors has confirmed the authenticity and completeness of the annual report, with all members present at the meeting[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has not encountered any violations in decision-making procedures regarding external guarantees[9]. - The company’s financial report has been signed and sealed by the responsible persons, ensuring its validity[6]. Risk Management - The company has outlined potential risks in its future development, which are detailed in the management discussion and analysis section of the report[9]. - The company emphasizes the importance of investor awareness regarding the risks associated with forward-looking statements in the report[8]. Market and Industry Trends - The fluorochemical industry is projected to exceed 640,000 tons in total production capacity and over 1,000 billion yuan in total output value by 2025[49]. - The demand for fluorinated materials is expected to continue increasing due to growth in sectors such as semiconductors, new energy vehicles, and healthcare[53]. - The fluorochemical industry in China is projected to exceed a total production capacity of 6.4 million tons, with sales revenue surpassing ¥100 billion, highlighting its strategic importance in the national economy[110]. Research and Development - The company has completed 43 registered patents, including 15 invention patents, enhancing its technological innovation capabilities[48]. - Research and development expenses rose by 75.74% to 28.78 million RMB, indicating increased investment in product and technology development[81]. - The company has increased its R&D investment and expanded its R&D team, focusing on the development of fluoropolymer, fluorochemical products, and resource utilization technologies[138]. - The company collaborates with universities to develop alternative synthesis technologies for PFOA and resource utilization technologies for by-products[139]. Production and Capacity - The company has a production capacity of 85 thousand tons per year for anhydrous hydrofluoric acid, contributing to its competitive position in the market[53]. - The company’s main business revenue was 2.785 billion yuan, an increase of 47.61% year-on-year, with export revenue reaching 1.494 billion yuan, up 111.89%[45]. - The production capacity for fluorocarbon chemicals is designed at 125,000 tons per year, with a utilization rate of 79.55%[165]. - The company aims to enhance production capacity and diversify product offerings, focusing on high-end fluoropolymer materials and fluorocarbon chemicals, while also exploring upstream methane chlorides and chlor-alkali businesses[188]. Financial Management - The company's total cash inflow from financing activities was ¥954.64 million, up 129.40% from ¥416.15 million in 2020[105]. - The company's financial expenses decreased by 52.64%, mainly due to reduced bank loan interest costs[81]. - The company plans to raise up to 800 million yuan through the issuance of convertible bonds to fund the construction of two projects and supplement working capital[199]. - The company aims to enhance its indirect financing capabilities and optimize its capital structure through strengthened bank-enterprise cooperation[199]. Environmental and Safety Management - The company emphasizes safety and environmental risk management, implementing comprehensive safety production systems and regular inspections[44]. - The company is committed to improving safety and environmental protection systems, aiming for zero penalties and zero consultations in safety and environmental matters throughout the year[195]. Strategic Initiatives - The company plans to deepen management reforms and enhance team building to adapt to rapid growth, including strategic cooperation with management consulting firms[196]. - The company intends to strengthen brand recognition and expand market share by enhancing sales team capabilities and optimizing sales channels domestically and internationally[194].

2021 年第三季度报告 单位：元 币种：人民币 证券代码：605020 证券简称：永和股份 浙江永和制冷股份有限公司 2021 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财 务报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|----------------------------------|------------------|----------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,260,580,957.97, representing a year-on-year increase of 31.50%[26]. - Net profit attributable to shareholders was ¥108,231,155.85, up 68.58% compared to the same period last year[26]. - The net profit after deducting non-recurring gains and losses was ¥103,929,248.01, reflecting a significant increase of 118.72% year-on-year[26]. - The net cash flow from operating activities was ¥99,264,637.20, which is a 66.07% increase compared to the previous year[26]. - Basic earnings per share rose to ¥0.54, marking a 68.75% increase from ¥0.32 in the same period last year[27]. - The company's total assets increased by 13.80% year-on-year, reaching ¥2,781,679,665.91[28]. - The net assets attributable to shareholders grew by 8.33% to ¥1,443,903,035.63[28]. - Operating revenue increased by 31.50% to CNY 1,260,580,957.97 compared to CNY 958,616,673.84 in the same period last year[78]. - Operating costs rose by 31.44% to CNY 992,983,644.41, primarily due to increased sales volume[78]. - Research and development expenses surged by 106.59% to CNY 17,407,502.67, reflecting a significant increase in R&D investment[78]. Industry Position and Market Trends - The company is positioned in the fluorochemical industry, which is a key component of China's strategic emerging industries[34]. - The total production capacity of various fluorochemical products in China is expected to exceed 6.4 million tons, with a total output surpassing 4.5 million tons[34]. - China's fluorite resources account for approximately 13.55% of global reserves, with a production of about 4.3 million tons in 2020, representing 57% of the world's total output[39]. - The production capacity of anhydrous hydrofluoric acid in China reached 253.1 thousand tons/year in 2020, with an actual production of approximately 131.6 thousand tons, indicating a low concentration of production capacity among enterprises[40]. - The total production of fluorinated refrigerants in China during the first half of the year was approximately 750 thousand tons, reflecting a year-on-year growth of about 28%[45]. - The price of various types of fluorinated refrigerants increased by 5% to 110% compared to the same period last year, with the exception of HFC-32[45]. Production Capacity and Operations - The company currently holds an annual production capacity of 85 thousand tons for anhydrous hydrofluoric acid and over 100 thousand tons for various fluorinated refrigerants[40][45]. - The company has an annual production capacity of 12.8 thousand tons for fluoropolymer materials and monomers[49]. - The annual production capacity for fluorite powder is 80,000 tons, hydrogen fluoride is 85,000 tons, and fluorocarbon chemicals exceeds 100,000 tons, with a production capacity of 12,800 tons for fluoropolymer materials[62]. - The company has a significant self-supply advantage in raw materials, ensuring continuous production and operational stability[61]. - The company employs a "sales-driven production" model, adjusting production based on market demand and customer orders[57]. Research and Development - The company is committed to increasing R&D investment and professional talent reserves to improve its technological capabilities[62]. - The company has a strong focus on R&D, with significant investments aimed at enhancing its innovation capabilities and achieving rapid transformation of research outcomes[73]. - The company's FEP product technology is domestically leading, with a total of 33 registered patents, including 13 invention patents[73]. Environmental and Safety Compliance - The company has implemented a comprehensive safety and environmental risk management system to ensure stable production operations[72]. - The company has not reported any major environmental pollution incidents during the reporting period, maintaining compliance with national emission standards[106]. - The company has established 25 environmental pollution control facilities in Inner Mongolia, 5 in Huasheng Hydrofluoric Acid, 4 in Huasheng Fluorspar, and 10 in Jinhua Yonghe, all operating at 100% capacity[113]. - The company has implemented a series of energy management plans to reduce carbon emissions, including the construction of multiple water reuse systems to enhance water recovery rates[120]. Shareholder Commitments and Governance - The company has committed to a 36-month lock-up period for major shareholders, during which they will not transfer or manage their shares[128]. - The company has a commitment to disclose any failure to fulfill promises in a timely manner[133]. - The company will publicly explain any failure to implement stock price stabilization measures and apologize to shareholders[145]. - The company will ensure that all related party transactions are conducted at fair market conditions[161]. - The controlling shareholder guarantees no engagement in competitive business activities with the company's main operations[161]. Financial Management and Commitments - The company will ensure the effective use of raised funds and implement projects that align with its main business to boost competitiveness and profitability[153]. - A profit distribution policy will be established to ensure reasonable and stable returns for investors, with a focus on feedback from independent directors and minority shareholders[153]. - The company will compensate for any losses caused to shareholders or investors due to unfulfilled commitments, including using cash dividends for this purpose[172]. - The company has not engaged in any significant related transactions that require disclosure during the reporting period[182].