| 证券代码：605020 | 证券简称：永和股份 | 公告编号：2023-089 | | --- | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | | 浙江永和制冷股份有限公司 2023 年半年度募集资金存放与使用情况的专项报告 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法律责任。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集资 金管理和使用的监管要求（2022 年修订）》（证监会公告〔2022〕15 号）、《上海证券 交易所上市公司自律监管指引第 1 号——规范运作》的相关规定，浙江永和制冷股 份有限公司（以下简称"公司"或"永和股份"）就 2023 年半年度募集资金存放与实际 使用情况报告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 1、首次公开发行股票募集资金情况 经中国证券监督管理委员会《关于核准浙江永和制冷股份有限公司首次公开发 行股票的批复》（证监许可[2021]2072 号）批准，公司首次向社会公开发行人民币普 通股（A 股）6,667 ...

二、就《关于公司 2021 年股票期权与限制性股票激励计划首次授予股票期 权第一个行权期行权条件达成的议案》发表独立意见 浙江永和制冷股份有限公司独立董事 关于第四届董事会第二次会议相关事项的独立意见 浙江永和制冷股份有限公司： 根据《上市公司独立董事规则》《独立董事工作制度》及《公司章程》等有 关规定，我们作为浙江永和制冷股份有限公司（以下简称"公司"）的独立董事， 经认真审阅相关材料，基于独立判断立场，就公司第四届董事会第二次会议相关 事项发表独立意见如下： 一、就《2023 年半年度募集资金存放与使用情况的专项报告》发表独立意 见 经审查，该报告符合《上市公司监管指引第 2 号——上市公司募集资金管理 和使用的监管要求（2022 年修订）》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》和《浙江永和制冷股份有限公司募集资金使用管理办法》等 有关规定，真实、准确、完整披露了公司 2023 年半年度募集资金的存放与实际 使用情况。截至报告期末，公司不存在变相改变募集资金用途和违规使用募集资 金的情形，不存在损害公司及股东尤其是中小股东利益的情形。 四、就《关于前次募集资金使用情况报告的议案》发表 ...

| 证券代码：605020 | 证券简称：永和股份 | 公告编号：2023-086 | | --- | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | | 浙江永和制冷股份有限公司 关于"永和转债"可能满足赎回条件的提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 浙江永和制冷股份有限公司（以下简称"公司"）股票自 2023 年 7 月 17 日至 2023 年 8 月 10 日，已有 10 个交易日收盘价不低于"永和转债"当期转股价 格 23.83 元/股的 130%，即 30.98 元/股。若在未来 11 个交易日内，公司股票有 5 个 交易日的收盘价不低于当期转股价格的 130%（含 130%），即 30.98 元/股，将触发 "永和转债"的有条件赎回条款。届时根据《浙江永和制冷股份有限公司公开发行 可转换公司债券募集说明书》（以下简称"《募集说明书》"）的相关约定，公司 有权决定是否按照"永和转债"面值加当期应计利息的价格赎回全部或部分未转股 的"永和转债"。 经 ...

Financial Performance - Total revenue for Q1 2023 was RMB 938,911,957.70, representing a year-on-year increase of 28.17%[10] - Net profit attributable to shareholders decreased by 59.75% to RMB 29,219,527.47 compared to the same period last year[10] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 67.39% to RMB 23,345,929.71[10] - Basic and diluted earnings per share were both RMB 0.11, down 59.26% from the previous year[4] - The total profit for Q1 2023 is CNY 41,684,931.76, compared to CNY 94,712,075.67 in Q1 2022, indicating a significant decrease[44] - The net profit attributable to shareholders of the parent company is CNY 29,219,527.47, down from CNY 72,593,663.16 in the same period last year, reflecting a decline of approximately 59.8%[44] - The basic and diluted earnings per share for Q1 2023 are both CNY 0.11, compared to CNY 0.27 in Q1 2022, representing a decrease of 59.3%[45] - The total comprehensive income attributable to shareholders of the parent company is CNY 29,219,527.47, compared to CNY 72,773,603.08 in the same quarter last year, indicating a decline of approximately 59.9%[45] Cash Flow and Liquidity - Operating cash flow for the period was negative at RMB -173,345,339.40, a decrease of 335.52% year-on-year[10] - The company reported an increase in cash payments related to operating activities, impacting cash flow negatively[5] - Cash inflows from operating activities totaled CNY 872,067,058.83, an increase from CNY 813,295,269.90 in Q1 2022[46] - The net cash flow from operating activities for Q1 2023 is -CNY 173,345,339.40, compared to -CNY 39,802,356.42 in Q1 2022, indicating a worsening cash flow situation[50] - Cash outflows from investing activities amounted to CNY 253,839,461.51, down from CNY 305,591,214.64 in the previous year[50] - The net cash flow from financing activities for Q1 2023 is CNY 355,683,756.59, compared to CNY 397,262,476.24 in Q1 2022, showing a decrease of about 10.5%[50] - The ending cash and cash equivalents balance is CNY 100,153,957.53, down from CNY 133,967,882.89 at the end of Q1 2022[50] - The company received CNY 500,200,000.00 in cash from borrowings in Q1 2023, an increase from CNY 423,043,500.00 in Q1 2022[50] Assets and Liabilities - Total assets increased by 5.63% to RMB 5,655,613,362.62 compared to the end of the previous year[4] - Shareholders' equity attributable to the parent company rose by 1.31% to RMB 2,542,176,215.51[4] - Total operating costs for Q1 2023 were ¥900,410,321.11, up 38.2% from ¥651,426,395.29 in Q1 2022[43] - Total liabilities increased to ¥3,112,312,270.00, up 9.4% from ¥2,843,625,914.90[41] - Cash and cash equivalents decreased to ¥144,334,957.53 from ¥224,975,813.57, a decline of 35.8%[38] - Accounts receivable decreased to ¥314,923,955.77 from ¥345,921,128.13, a reduction of 8.9%[38] - Inventory increased significantly to ¥656,504,788.04, up 27.9% from ¥513,268,370.20[38] - Non-current assets totaled ¥3,969,734,333.45, an increase of 6.0% from ¥3,745,055,440.20[40] - Short-term borrowings rose sharply to ¥471,801,979.57 from ¥191,408,138.92, an increase of 146.3%[40] Market Conditions - The decline in net profit was primarily due to overall market conditions and a decrease in product prices, leading to lower gross margins[5]

| 证券代码：605020 | 证券简称：永和股份 | 公告编号：2023-040 | | --- | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | | 浙江永和制冷股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明会的 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法律责任。 重要内容提示： 会议召开时间：2023 年 5 月 11 日（星期四）下午 13:00-14:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频及网络互动 投资者可于 2023 年 5 月 4 日（星期四）至 5 月 10 日（星期三）16:00 前 登录上证路演中心网站首页，点击"提问预征集"栏目或通过公司邮箱 yhzqsw@qhyh.com 进行提问，公司将在说明会上对投资者普遍关注的问题进行回 答。 浙江永和制冷股份有限公司（以下简称"公司"）于 2023 ...

Financial Performance - The net profit for the consolidated financial statements in 2022 was ¥300,365,453.14, with the net profit attributable to the parent company shareholders being ¥300,171,486.89[7] - The parent company achieved a net profit of ¥128,878,513.19 for 2022, with a statutory surplus reserve of ¥12,887,851.32, resulting in a cumulative distributable profit of ¥416,420,885.36 as of December 31, 2022[7] - The proposed cash dividend is ¥2.50 per 10 shares, totaling ¥67,700,584.25 (including tax), which represents a cash dividend payout ratio of 22.55%[7] - The company's operating revenue for 2022 reached ¥3,803,636,163.56, representing a 27.18% increase compared to ¥2,990,694,877.58 in 2021[24] - The net profit attributable to shareholders for 2022 was ¥300,171,486.89, an 8.03% increase from ¥277,851,010.83 in 2021[24] - The net cash flow from operating activities significantly increased by 145.71% to ¥441,862,502.01 in 2022, compared to ¥179,829,445.16 in 2021[24] - The total assets of the company as of the end of 2022 were ¥5,353,995,624.68, a 52.72% increase from ¥3,505,858,995.42 at the end of 2021[24] - The basic earnings per share for 2022 was ¥1.13, a decrease of 5.04% from ¥1.19 in 2021[25] - The weighted average return on net assets for 2022 was 13.74%, down by 3.14 percentage points from 16.88% in 2021[25] - The net profit after deducting non-recurring gains and losses was ¥267,563,836.22, showing a decrease of 2.52% from ¥274,485,284.49 in 2021[24] Production and Sales - The production volume of fluorocarbon chemicals reached 184,000 tons, an increase of 24.55% year-on-year, with sales volume of 95,600 tons, up 10.95%[36] - The average gross margin for fluorocarbon chemicals was 9.38%, a decrease of 11.36 percentage points compared to the previous year[36] - The revenue from fluoropolymer materials was 848.95 million RMB, a year-on-year increase of 42.47%, with an average gross margin of 37.52%, up 10.74 percentage points[37] - The chemical raw materials segment saw production of 212,700 tons, a year-on-year increase of 77.04%, with revenue of 409.88 million RMB, up 108.43%[40] - The company effectively reduced production costs by leveraging its integrated industrial chain and enhancing the value of fluoropolymer materials[35] Research and Development - The company holds a total of 52 patents, including 20 invention patents, with 5 new invention patents added in 2022, reflecting its commitment to R&D and innovation[44][45] - The company’s R&D expenses increased by 81.05% to CNY 52.11 million, indicating a strong focus on innovation[71] - The company emphasizes R&D investment, focusing on the development of fluorinated polymers, fluorinated fine chemicals, and new refrigerants, ensuring the practicality of innovation projects[112] - The company has established research institutes in Shaowu, Inner Mongolia, and Quzhou production bases to enhance R&D capabilities and attract talent[112] - The company is actively collaborating with universities such as Zhejiang University and Xi'an Jiaotong University on various R&D projects, enhancing its innovation capabilities[113] Strategic Initiatives - The company plans to increase its total share capital from 270,802,337 shares to 379,123,272 shares by issuing 4 new shares for every 10 shares held[8] - The company raised 800 million CNY through the issuance of 8 million convertible bonds in October 2022, aimed at funding new projects and enhancing liquidity[46] - A strategic cooperation framework agreement was signed with Xue Tian Salt Industry Group in October 2022 to explore deep collaboration in the fluorochemical and chlor-alkali sectors[46] - The company acquired 100% equity of Shilei Fluorochemical in December 2022 to secure upstream supply of methane chlorides, enhancing its competitive position in the fluorochemical industry[46] - The company plans to deepen cooperation with universities and research institutions to enhance its R&D capabilities and foster high-level technical talent[161] Market and Industry Trends - The demand for refrigerants is primarily driven by the stable growth in the production and consumption of air conditioners, refrigerators, and automobiles[55] - The HFCs consumption and production will be frozen at the baseline value starting from 2024, with a reduction to below 20% of the baseline by 2045[55] - The Chinese government has implemented a quota system for the production, sale, and use of HCFCs, with a phased elimination schedule for developed and developing countries[105] - The Kigali Amendment to the Montreal Protocol mandates developed countries to reduce HFC consumption and production to 15% of their baseline by 2036, while developing countries must freeze HFC consumption by 2024 and reduce it to 20% of their baseline by 2045[106] - The market share of green and efficient refrigerants is targeted to increase by 20% by 2022, promoting the transition to low GWP refrigerants[97] Governance and Compliance - The company adheres to legal and regulatory requirements for corporate governance, ensuring transparency and protecting shareholder rights[176] - The company has established a board of directors and supervisory board that comply with legal requirements, promoting effective governance and oversight[177] - The company emphasizes cooperation with stakeholders to promote sustainable development while maximizing shareholder value[178] - The company has implemented stock incentive plans for senior management, with the financial director receiving 31.96 million yuan in remuneration[183] - The company’s independent directors have not received any remuneration during their tenure, indicating a focus on governance and accountability[183]

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].