Financial Performance - The company's operating revenue for Q1 2023 was ¥319,665,419.16, a decrease of 33.95% compared to the same period last year[5] - The net profit attributable to shareholders was ¥4,114,654.03, down 96.58% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥3,510,363.04, reflecting a decline of 97.04% compared to the previous year[5] - Basic and diluted earnings per share were both ¥0.01, down 96.43% from the same period last year[6] - Total revenue for Q1 2023 was ¥319,665,419.16, a decrease of 33.9% compared to ¥484,004,046.47 in Q1 2022[21] - Net profit for Q1 2023 was ¥4,114,654.03, down 96.6% from ¥120,266,631.10 in Q1 2022[22] - Other comprehensive income after tax for Q1 2023 was ¥426,310.43, compared to a loss of ¥31,316.49 in Q1 2022[22] - The company reported a total profit of ¥5,467,356.57 in Q1 2023, significantly lower than ¥141,763,163.50 in Q1 2022[22] Cash Flow - The net cash flow from operating activities was ¥20,856,757.62, a decrease of 75.86% year-on-year[11] - Cash flow from operating activities generated ¥20,856,757.62 in Q1 2023, a decline of 75.8% from ¥86,398,310.59 in Q1 2022[24] - Cash flow from investing activities resulted in a net outflow of ¥154,043,276.96 in Q1 2023, compared to a smaller outflow of ¥9,026,037.33 in Q1 2022[25] - Cash flow from financing activities generated a net inflow of ¥129,809,722.23 in Q1 2023, up from ¥80,489,397.70 in Q1 2022[25] - The ending balance of cash and cash equivalents was ¥359,656,687.22 in Q1 2023, down from ¥496,761,976.13 in Q1 2022[25] - The net cash flow from operating activities for Q1 2023 was CNY 19,343,851.71, down 82.9% from CNY 112,963,286.80 in the same period last year[32] - Cash inflow from financing activities in Q1 2023 was CNY 239,204,860.00, an increase of 51.1% from CNY 158,173,176.21 in Q1 2022[32] - The net cash flow from financing activities rose to CNY 130,202,219.67 in Q1 2023, compared to CNY 18,940,731.25 in Q1 2022, marking a significant increase[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,024,039,620.02, an increase of 5.15% from the end of the previous year[6] - The equity attributable to shareholders was ¥2,019,500,428.90, up 0.62% from the previous year-end[6] - The company's total current assets were reported at CNY 1,235,587,327.92, a decrease from CNY 1,265,418,158.16 at the end of 2022, indicating a decline of about 2.4%[17] - The total liabilities increased to CNY 1,004,539,191.12 from CNY 868,819,236.99, reflecting a rise of approximately 15.6%[19] - The company's cash and cash equivalents stood at CNY 359,656,687.22, slightly down from CNY 364,430,933.70 at the end of 2022[17] - The inventory decreased to CNY 243,207,502.85 from CNY 247,307,019.08, showing a reduction of about 1.7%[17] - Long-term borrowings increased significantly to CNY 399,220,000.00 from CNY 300,500,000.00, marking a rise of approximately 32.8%[19] - The total liabilities to equity ratio increased, indicating a higher leverage position for the company[19] Research and Development - Research and development expenses for Q1 2023 were CNY 7,581,376.95, slightly down from CNY 8,256,395.74 in Q1 2022[30] Non-Recurring Gains - The company reported non-recurring gains of ¥604,290.99 after accounting for various non-operating income and expenses[9]

证券代码：605366 证券简称：宏柏新材 公告编号：2023-030 江西宏柏新材料股份有限公司 关于召开 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法律责任。 重要内容提示： 会议召开时间：2023 年 04 月 20 日(星期四) 下午 15:00- 16:00 会议召开地点： 上海证券交易所上证路演中心（http://roadshow.sseinfo.com/） 价值在线（www.ir-online.cn） 会议召开方式：网络互动 投资者可于 2023 年 04 月 13 日(星期四) 至 04 月 19 日(星期 三)16:00 前①登录上证路演中心网站首页点击"提问预征集"栏 目；②访问网址 https://eseb.cn/13OuaU6QzKg 或使用微信扫描下 方小程序码进行会前提问；③通过公司邮箱 hpxc@hungpai.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。 江西宏柏新材料股份有限公司（以下简称"公司"）已于 2023 年 3 月 15 日发布公司 ...

Share Repurchase and Profit Distribution - The company repurchased shares totaling RMB 44,296,633.00 as part of its employee stock ownership plan, which is considered a cash dividend under regulations[6]. - The proposed profit distribution plan includes a cash dividend of RMB 2.5 per 10 shares and a capital reserve conversion of 4 shares for every 10 shares held[6]. - The total cash dividend amount for 2022 is projected to be 109,079,750 RMB, which represents 43.53% of the net profit attributable to ordinary shareholders in the consolidated financial statements[155]. - The company has implemented a continuous and stable profit distribution policy, ensuring that employee compensation aligns with macroeconomic factors and industry competition[147]. Financial Performance - The company's operating revenue for 2022 was ¥1,697,628,002.32, representing a year-on-year increase of 32.32% compared to ¥1,282,966,705.59 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥352,376,335.34, which is a significant increase of 110.2% from ¥167,641,402.64 in 2021[23]. - The cash flow from operating activities for 2022 was ¥348,487,635.45, showing a remarkable increase of 354.96% compared to ¥76,597,619.85 in 2021[23]. - The basic earnings per share for 2022 was ¥0.81, up 107.69% from ¥0.39 in 2021[24]. - The total assets at the end of 2022 were ¥2,875,971,632.40, reflecting a year-on-year growth of 23.24% from ¥2,333,551,142.03 in 2021[23]. - The net profit for the fourth quarter of 2022 was ¥34,033,742.20, down from ¥80,467,393.94 in the third quarter, indicating a seasonal decline[26]. Research and Development - The company has obtained a total of 34 authorized invention patents, including 6 new patents acquired in 2022, enhancing its R&D capabilities[38]. - R&D expenses increased by 41.20% to CNY 62.16 million, reflecting the company's commitment to enhancing its competitive edge through innovation[54]. - The company is focusing on enhancing its R&D capabilities in the silane market to improve innovation[81]. Market Position and Expansion - The company is recognized as one of the leading enterprises in the domestic functional silane industry, ranking among the top three in the sector[42]. - The company plans to achieve full production capacity for the 30,000 tons of specialty organic silicon new materials project by the end of Q1 2023[36]. - The functional silane market in China is projected to grow, with an expected production capacity of 381,000 tons by 2026[42]. - The company is positioned to transition from a single product company to a platform company with multiple products, enhancing its competitive edge and cost efficiency[37]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and protection of shareholder interests[115]. - The board of directors consists of 9 members, including 3 independent directors, and met 8 times during the reporting period, ensuring diligent governance practices[116]. - The company has maintained independence from its controlling shareholder, ensuring no interference in decision-making or operations[115]. - The company has not reported any significant differences in governance practices compared to regulatory standards, indicating compliance and stability[117]. Environmental Responsibility - The company has invested in environmental protection facilities, including a 1.5 million kcal gas-liquid incinerator and a 3.5 million kcal/h solid salt incinerator, to ensure compliance with environmental regulations[111]. - The company has constructed a wastewater treatment plant with a daily processing capacity of 3,000 tons, addressing waste emissions from production processes[174]. - The company has obtained ISO 14001 environmental management system certification and pollutant discharge permits, enhancing its environmental responsibility[174]. - The company has developed and implemented emergency response plans for environmental incidents, ensuring preparedness for potential environmental emergencies[173]. Employee Engagement and Development - The company has committed to a long-term talent development strategy, focusing on both theoretical and practical training to foster a learning-oriented corporate culture[148]. - The total number of employees with a master's degree or above is 17, while 128 hold a bachelor's degree, and 224 have a diploma[146]. - The company has implemented a stock incentive plan for 2022, which includes a management method for employee stock ownership[135]. - The company established a performance evaluation system for senior management, linking compensation to annual performance and management capabilities[159]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and market competition, particularly in the functional silane market, which is becoming increasingly competitive[110]. - The company is exposed to risks related to raw material and energy price fluctuations, which could impact its gross margins if not managed effectively[110]. - The company faces risks related to environmental pollution incidents that could adversely affect normal production and operations due to stricter environmental protection laws and increased costs[112].

Financial Performance - The company's revenue for Q3 2022 reached ¥395,392,801.44, representing a year-over-year increase of 29.71%[6] - Net profit attributable to shareholders for Q3 2022 was ¥80,467,393.94, a significant increase of 207.52% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥77,662,619.62, up 232.79% year-over-year[6] - Year-to-date revenue as of Q3 2022 totaled ¥1,347,234,921.80, reflecting a 62.35% increase compared to the same period last year[6] - Year-to-date net profit attributable to shareholders reached ¥318,342,593.14, marking a 263.92% increase year-over-year[6] - Total operating revenue for the first three quarters of 2022 reached CNY 1,347,234,921.80, a significant increase from CNY 829,851,997.47 in the same period of 2021, representing a growth of approximately 62.5%[31] - Net profit for the third quarter of 2022 was CNY 318,342,593.14, compared to CNY 87,475,764.82 in the same quarter of 2021, indicating a year-over-year increase of about 264.5%[34] Earnings Per Share - Basic earnings per share for Q3 2022 were ¥0.18, a 200% increase compared to the same period last year[8] - Diluted earnings per share for Q3 2022 were also ¥0.18, reflecting a 200% increase year-over-year[8] - Basic earnings per share for Q3 2022 were CNY 0.73, compared to CNY 0.20 in Q3 2021, showing a significant improvement[36] Assets and Liabilities - Total assets as of the end of Q3 2022 amounted to ¥2,921,937,555.74, a 25.21% increase from the end of the previous year[8] - Total assets as of the end of the reporting period were CNY 2,921,937,555.74, compared to CNY 2,333,551,142.03 at the same time last year, marking an increase of about 25.2%[30] - Total liabilities increased to CNY 954,167,577.88 from CNY 592,297,163.93, representing a growth of approximately 61.1%[30] - The company's total equity attributable to shareholders reached CNY 1,967,769,977.86, up from CNY 1,741,253,978.10, indicating an increase of about 13.0%[31] Shareholder Information - Total number of common shareholders at the end of the reporting period was 30,525[19] - The largest shareholder, Hongbo Chemical Co., Ltd., holds 22.53% of the shares, while Hongbo (Asia) Group Limited holds 19.11%[19] - The company has a total of 98,319,048 shares held by Hongbo Chemical Co., Ltd., and 83,387,438 shares held by Hongbo (Asia) Group Limited[19] - There are no known related party transactions among the top shareholders, except for the common control among Hongbo Chemical and Hongbo Asia[22] Cash Flow - The net cash flow from operating activities for the first three quarters of 2022 was RMB 322,607,402.59, a significant increase from RMB 62,700,366.71 in the same period of 2021, representing a growth of approximately 414%[41] - Total cash inflow from operating activities reached RMB 1,267,702,553.11, compared to RMB 624,457,816.65 in the previous year, indicating an increase of about 103%[41] - Cash outflow from operating activities was RMB 945,095,150.52, up from RMB 561,757,449.94 in 2021, which is an increase of approximately 68%[41] - The net cash flow from financing activities was RMB 216,397,873.96, compared to RMB 146,703,923.72 in 2021, representing an increase of approximately 47%[43] Investment Activities - The cash flow from investment activities showed a net outflow of RMB 495,506,408.79, worsening from a net outflow of RMB 392,218,847.48 in the previous year[43] - Cash inflow from investment activities totaled RMB 865,456,276.30, compared to RMB 592,832,573.02 in 2021, marking an increase of around 46%[43] - Cash outflow from investment activities was RMB 1,360,962,685.09, which is an increase from RMB 985,051,420.50 in the same period last year, reflecting a rise of about 38%[43] Research and Development - Research and development expenses increased to CNY 50,310,473.45 in Q3 2022, up from CNY 29,359,724.03 in Q3 2021, reflecting a growth of approximately 71.5%[34] Other Information - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[23] - The company's cash and cash equivalents amounted to RMB 410,446,126.99, an increase from RMB 370,323,555.57 at the end of 2021[23] - Accounts receivable increased to RMB 396,983,060.02 from RMB 355,837,151.52 year-over-year, reflecting a growth of approximately 11.5%[26] - Inventory decreased to RMB 198,850,777.24 from RMB 232,415,331.24, indicating a reduction of about 14.4%[26] - Non-current assets totaled RMB 1,377,724,823.29, up from RMB 861,202,971.12, showing a significant increase of approximately 60%[26] - The company reported a financial expense of CNY -21,095,875.35 in Q3 2022, a notable change from CNY 166,073.78 in Q3 2021, indicating a reduction in financial costs[34] - Deferred income tax liabilities decreased slightly to CNY 7,798,653.16 from CNY 8,009,112.65, showing a minor decline of about 2.6%[30] - The total cash and cash equivalents at the end of the period amounted to RMB 390,446,126.99, slightly up from RMB 386,122,423.47 in the previous year[43] - The company received RMB 48,928,800.00 from investment contributions, while cash received from borrowings was RMB 473,205,000.00, compared to RMB 245,800,883.06 in the previous year, indicating a significant increase in financing activities[43] - The company reported a cash return from investment income of RMB 9,180,977.70, which is an increase from RMB 3,761,450.02 in the same period last year, showing growth of approximately 144%[41]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a 15% increase compared to the same period last year[19]. - The net profit attributable to shareholders was 80 million RMB, which is a 10% increase year-over-year[19]. - The company's operating revenue for the first half of 2022 was ¥951,842,120.36, representing an increase of 81.29% compared to ¥525,026,843.34 in the same period last year[26]. - The net profit attributable to shareholders was ¥237,875,199.2, a significant increase of 287.99% from ¥61,309,309.03 in the previous year[26]. - The net cash flow from operating activities reached ¥203,922,041.27, up 231.55% from ¥61,505,433.00 year-on-year[26]. - The basic earnings per share increased to ¥0.55, reflecting a growth of 292.86% compared to ¥0.14 in the same period last year[26]. - The company reported a net profit of ¥275,302,651.09 for the first half of 2022, compared to ¥54,067,158.81 in the same period of 2021, representing a growth of 409.5%[187]. - The total profit for the first half of 2022 was ¥282.48 million, compared to ¥69.51 million in the same period of 2021[190]. Market Expansion and Product Development - User data indicates a growth in customer base by 20%, reaching 1 million active users by the end of June 2022[19]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[19]. - New product development includes the launch of a high-performance silicone material, expected to contribute an additional 50 million RMB in revenue by Q4 2022[19]. - The company plans to expand its product matrix to include high-value-added silicon-based new materials such as amino silanes and aerogels, enhancing its competitive edge[35]. - The company plans to commence trial production of the second 50,000-ton trichlorosilane facility in Q3 2022, along with a 40,000-ton silicon-based new materials project[48]. Research and Development - The company has allocated 30 million RMB for R&D in new technologies, focusing on sustainable materials[19]. - The company emphasizes technological innovation and has a dedicated team for R&D, collaborating with academic institutions to enhance product processes[44]. - Research and development expenses increased by 43.90% to ¥27,102,254.69 from ¥18,834,652.07, driven by the company's need for enhanced R&D investment[53]. - Research and development expenses increased to ¥27,102,254.69, up from ¥18,834,652.07, reflecting a growth of 43.5%[187]. Financial Position and Cash Flow - The company maintains a strong cash position with 200 million RMB in cash reserves, ensuring liquidity for future investments[19]. - The company's cash and cash equivalents at the end of the period amounted to ¥511,601,383.25, representing 17.81% of total assets, up 38.15% from ¥370,323,555.57 last year[54]. - Operating cash inflow for the first half of 2022 reached ¥796,282,750.72, a significant increase from ¥441,552,542.85 in the same period of 2021, representing an increase of approximately 80.5%[198]. - The company has shown a strong performance in cash flow management, with significant increases across various cash flow categories compared to the previous year, suggesting a positive outlook for future operations[198]. Risks and Challenges - The management highlighted potential risks including raw material price fluctuations and regulatory changes impacting production costs[19]. - The company faces risks from macroeconomic fluctuations and downstream capacity oversupply, which could impact product demand and sales[66]. - The company faces risks related to market competition, as the industry is undergoing technological advancements and consolidation, which may impact the company's ability to maintain its competitive edge if it fails to innovate and expand its market presence[69]. - There is a risk of talent loss, particularly among core technical personnel, which could adversely affect the company's ongoing technology development projects and overall business expansion[69]. - The company is exposed to safety production risks due to the hazardous nature of some chemicals used in production, despite having a comprehensive safety management system in place[69]. Environmental Compliance - Environmental protection remains a priority, with the company investing in facilities to minimize waste and comply with regulations, but it may face increased costs due to stricter environmental laws[72]. - The company has established comprehensive pollution prevention facilities, ensuring normal operation of all existing pollution control systems as of the reporting period[95]. - The company has implemented a self-monitoring plan for environmental compliance, which is regularly reported to environmental authorities[99]. - No administrative penalties were imposed on the company during the reporting period for environmental issues[100]. Shareholder and Corporate Governance - The company held two shareholder meetings during the reporting period, with all resolutions passed legally and effectively[79]. - The company approved a capital increase of 64 million yuan for its subsidiary Jiangxi Jiangwei High-tech Co., Ltd., raising its registered capital from 310 million yuan to 374 million yuan[61]. - The company has implemented a stock incentive plan and employee stock ownership plan to enhance employee engagement and retention, which were approved in the recent shareholder meetings[74]. - The company has committed to avoiding or minimizing related party transactions, ensuring that any unavoidable transactions will be conducted on a fair and reasonable basis[9].

Financial Performance - The company's operating revenue for Q1 2022 was ¥484,004,046.47, representing a year-on-year increase of 109.09%[6] - The net profit attributable to shareholders was ¥120,266,631.10, reflecting a significant increase of 386.34% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥118,637,458.77, marking a substantial rise of 650.57% year-on-year[6] - Basic earnings per share were reported at ¥0.36, up 414.29% from the same period last year[9] - The diluted earnings per share also stood at ¥0.36, reflecting the same percentage increase of 414.29%[9] - Total operating revenue for Q1 2022 reached ¥484,004,046.47, a significant increase from ¥231,481,537.50 in Q1 2021, representing a growth of approximately 109.5%[31] - Net profit for Q1 2022 was ¥120,266,631.10, a substantial rise from ¥24,729,134.55 in Q1 2021, reflecting an increase of approximately 385.5%[35] - Total comprehensive income for the period reached ¥120,235,314.61, a significant increase from ¥24,851,281.82 in the previous year[37] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥86,398,310.59, an increase of 222.11% compared to the previous year[6] - Cash inflow from operating activities totaled ¥330,008,881.17, up from ¥263,014,061.85 year-over-year[40] - Net cash flow from operating activities was ¥86,398,310.59, compared to ¥26,822,290.14 in the previous year[40] - Cash flow from investing activities showed a net outflow of ¥9,026,037.33, an improvement from a net outflow of ¥53,841,098.45 in the same period last year[40] - Cash flow from financing activities generated a net inflow of ¥80,489,397.70, compared to an inflow of ¥86,155,944.41 in the previous year[40] - The net increase in cash and cash equivalents was ¥157,743,846.77, compared to ¥58,724,702.97 in the previous year[42] - The ending balance of cash and cash equivalents was ¥496,761,976.13, down from ¥629,094,953.83 at the end of the previous year[42] - The company reported a significant increase in cash received from sales and services, amounting to ¥302,654,872.26, compared to ¥225,290,173.58 in the previous year[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,530,083,625.99, an increase of 8.42% from the end of the previous year[9] - The equity attributable to shareholders was ¥1,815,554,141.36, which is a 4.27% increase compared to the previous year[9] - As of March 31, 2022, the total current assets amounted to RMB 1,557,003,908.78, an increase from RMB 1,472,348,170.91 as of December 31, 2021, reflecting a growth of approximately 5.75%[23] - Total assets reached RMB 2,530,083,625.99, compared to RMB 2,333,551,142.03 at the end of 2021, marking an increase of approximately 8.4%[26] - The total liabilities increased to ¥714,529,484.63 from ¥592,297,163.93, marking an increase of about 20.6%[28] - The company reported a total liabilities figure of RMB 1,557,003,908.78, which is a significant portion of the total assets[26] - Short-term borrowings increased to RMB 431,871,513.13 from RMB 322,768,075.33, reflecting a rise of about 33.9%[26] Operational Efficiency - The weighted average return on equity increased to 6.78%, up by 5.32 percentage points from the previous year[9] - Total operating costs for Q1 2022 were ¥340,650,386.32, compared to ¥213,888,253.01 in Q1 2021, indicating an increase of about 59.2%[31] - Research and development expenses for Q1 2022 were ¥8,256,395.74, down from ¥9,629,748.08 in Q1 2021, indicating a decrease of about 14.2%[31] Market and Growth Factors - The company attributed the revenue growth primarily to the increase in product prices driven by market demand[12] - The company has not disclosed any new product or technology developments during this reporting period[24] - There are no significant mergers or acquisitions reported in the current financial period[24] - The company reported a significant increase in investment income from ¥1,879,359.78 in Q1 2022 compared to ¥275,962.32 in Q1 2021, representing a growth of approximately 581.5%[31]

Financial Performance - The company's operating revenue for 2021 was CNY 1,282,966,705.59, representing a 42.96% increase compared to CNY 897,427,292.29 in 2020[24]. - The net profit attributable to shareholders for 2021 was CNY 167,641,402.64, a 36.66% increase from CNY 122,670,826.07 in 2020[24]. - The net profit after deducting non-recurring gains and losses was CNY 155,109,046.97, which is a 53.96% increase compared to CNY 100,748,251.98 in 2020[24]. - The company's total assets at the end of 2021 were CNY 2,333,551,142.03, reflecting a 26.07% increase from CNY 1,850,930,889.04 at the end of 2020[24]. - The basic earnings per share for 2021 was CNY 0.50, up 13.64% from CNY 0.44 in 2020[25]. - The weighted average return on equity for 2021 was 9.84%, down from 10.94% in 2020[25]. - The company reported a net cash flow from operating activities of CNY 76,597,619.85 in 2021, a decrease of 20.41% from CNY 96,244,805.81 in 2020[24]. - The company achieved a revenue of 1.283 billion RMB in 2021, representing a year-on-year growth of 42.96%[62]. - The net profit attributable to shareholders was 168 million RMB, an increase of 36.66% compared to the previous year[62]. Dividend and Capital Distribution - The company plans to distribute a cash dividend of 1.6 CNY per 10 shares (including tax) and to increase capital by 3 shares for every 10 shares held[6]. - The company's total share capital will be adjusted accordingly if there are changes before the equity distribution date[6]. - The company has a stable cash dividend policy, ensuring that cash dividends do not exceed the cumulative distributable profits and do not harm the company's sustainable operation[179]. Corporate Governance - The company reported a standard unqualified audit opinion from Zhonghui Certified Public Accountants[5]. - The board of directors confirmed that all members attended the meeting, ensuring the accuracy and completeness of the annual report[4]. - The company has a well-defined corporate governance structure, ensuring compliance with relevant laws and regulations, and maintaining the interests of shareholders[140]. - The board of directors consists of 9 members, including 3 independent directors, and has held 7 meetings during the reporting period, ensuring effective decision-making[141]. - The supervisory board, comprising 3 members, has conducted 6 meetings to oversee the company's financial status and management performance, ensuring accountability[142]. Risk Management - The company has outlined potential risks in the "Management Discussion and Analysis" section, specifically in the "Discussion on Future Development" and "Possible Risks" parts[8]. - The company emphasizes that forward-looking statements do not constitute a commitment to investors, highlighting the importance of investment risk awareness[7]. - The company faces risks from macroeconomic fluctuations and potential overcapacity in downstream industries[130]. - The company faces uncertainty in raw material and energy procurement prices due to potential fluctuations in the prices of crude oil and other basic raw materials, which could adversely affect operational performance[132]. - The company has established a comprehensive market research and marketing plan, but risks remain regarding market demand and competition, which could lead to product sales risks if market conditions change unfavorably[132]. Research and Development - The company has obtained 28 authorized invention patents, with 8 new patents acquired in 2021[41]. - The company is actively involved in R&D, maintaining a strong innovation platform and collaborating with academic institutions[96]. - The company plans to enhance its research and development capabilities to expand its product range, including aerogels and specialty silanes[125]. - The total R&D expenditure was ¥44,019,668.97, representing 3.43% of total revenue, with a year-on-year increase of 73.52%[77]. - The number of R&D personnel increased to 168, making up 15.27% of the total workforce[78]. Environmental Management - The company has established comprehensive pollution prevention facilities and strictly adheres to national environmental protection laws and regulations, with all pollution control facilities operating normally as of the reporting period[195]. - The total control indicators for major pollutants include 316.6 tons/year for sulfur dioxide and nitrogen oxides, and 47.5 tons/year for particulate matter[192]. - The company maintains a zero exceedance rate for major pollutants across its emission outlets[192]. - The wastewater treatment system includes multiple stages, ensuring that wastewater is treated and reused without external discharge[199]. - The company has received all necessary environmental impact assessment approvals for its construction projects[200]. Market Position and Strategy - The company ranks among the top three in China's functional silane industry and has maintained the highest market share for sulfur silane coupling agents globally from 2016 to 2018[47]. - The company plans to continue expanding its market presence and enhancing product pricing strategies to improve profitability[27]. - The company intends to strengthen its market position by promoting new products and exploring emerging markets in South America and Southeast Asia[128]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of up to 300 million allocated for potential mergers and acquisitions[152]. Employee Management - The company has implemented a comprehensive performance management system to enhance employee compensation and ensure internal fairness[176]. - The company is committed to long-term talent development through a combination of theoretical and practical training methods[177]. - The company reported a total of 1,100 employees, with 744 in production, 129 in technical roles, and 80 in management[174]. - The company is committed to maintaining a salary growth rate for employees that is not lower than the growth rate of operating performance[129].

Financial Performance - The company's revenue for Q3 2021 was ¥304,825,154.13, representing a year-over-year increase of 14.83%[6] - Net profit attributable to shareholders for Q3 2021 was ¥26,166,455.79, a decrease of 7.99% compared to the same period last year[6] - Year-to-date revenue reached ¥829,851,997.47, reflecting an 18.82% increase year-over-year[6] - Year-to-date net profit attributable to shareholders was ¥87,475,764.82, down 10.46% from the previous year[6] - Basic earnings per share for Q3 2021 was ¥0.08, a decrease of 20.00% compared to the same period last year[10] - Total operating revenue for the first three quarters of 2021 reached ¥829,851,997.47, an increase of 18.86% compared to ¥698,438,741.14 in the same period of 2020[35] - Net profit for the third quarter of 2021 was ¥87,475,764.82, a decrease of 10.23% from ¥97,690,767.40 in the third quarter of 2020[41] - The company reported a total comprehensive income of ¥87,550,820.36 for the third quarter of 2021, compared to ¥97,824,868.05 in the same quarter of 2020[41] Assets and Liabilities - The company's total assets as of the end of the reporting period were ¥2,107,492,751.17, an increase of 13.86% from the end of the previous year[10] - As of September 30, 2021, the company's total assets amounted to RMB 2,107,492,751.17, an increase from RMB 1,850,930,889.04 at the end of 2020, reflecting a growth of approximately 13.9%[30] - The company's total liabilities were RMB 1,082,060,064.64, compared to RMB 633,302,905.68 in the previous year, reflecting a significant increase of around 70.7%[33] - The total liabilities as of the reporting date were ¥442,145,191.56, significantly higher than ¥167,681,143.38 from the previous year[35] - Total liabilities amounted to ¥167,681,143.38, a decrease from ¥168,136,526.63, reflecting a change of ¥455,383.25[55] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥62,700,366.71, down 38.04% compared to the previous year[10] - Cash flow from operating activities for the first three quarters of 2021 was ¥62,700,366.71, down 38.06% from ¥101,188,875.25 in the same period of 2020[44] - The net cash flow from investment activities was -392,218,847.48 RMB, compared to -331,836,901.96 RMB in the previous period, indicating a decline of approximately 18.2%[48] - Total cash inflow from financing activities was 256,123,198.29 RMB, significantly lower than 890,704,360.00 RMB in the previous period, representing a decrease of about 71.2%[48] - The net cash flow from financing activities was 146,703,923.72 RMB, down from 729,985,458.91 RMB, reflecting a decline of approximately 80%[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,584[20] - The company has two major shareholders involved in margin trading, with combined holdings of 1,147,066 shares[25] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to ¥29,359,724.03, compared to ¥22,599,357.36 in the same period of 2020, reflecting a year-over-year increase of 30.00%[38] Inventory and Current Assets - The company's current assets reached RMB 1,299,701,894.24, compared to RMB 1,169,275,136.16 in the previous year, indicating a year-over-year increase of about 11.1%[30] - Cash and cash equivalents decreased to RMB 386,122,423.47 from RMB 580,556,991.75, representing a decline of approximately 33.5%[30] - Accounts receivable rose to RMB 245,101,059.93, up from RMB 218,359,732.26, marking an increase of about 12.3%[30] - Inventory levels increased to RMB 249,315,385.49 from RMB 196,999,589.45, which is a growth of approximately 26.4%[30] - The company reported a total of 1,169,275,136.16 RMB in current assets, remaining stable compared to the previous period[50] - The company’s inventory stood at 196,999,589.45 RMB, indicating stable inventory management[50] Equity - The total equity attributable to shareholders of the parent company was ¥1,665,347,559.61, a slight decrease from ¥1,683,249,745.66 in the previous year[35] - Total equity attributable to shareholders reached ¥1,683,249,745.66, slightly increasing from ¥1,683,238,381.75, with a change of ¥11,363.91[55] Accounting Changes - The company adopted the new leasing standards effective January 1, 2021, resulting in an adjustment of ¥444,019.34 for right-of-use assets and ¥455,383.25 for lease liabilities[57] - Undistributed profits were reported at ¥454,576,902.59, showing a minor adjustment of ¥-11,363.91 from the previous figure of ¥454,565,538.68[57]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2021, representing a 20% increase compared to the same period last year[16]. - The net profit for the first half of 2021 was 80 million RMB, which is a 15% increase year-over-year[16]. - The company's operating revenue for the first half of the year reached ¥525,026,843.34, representing a 21.26% increase compared to ¥432,980,724.85 in the same period last year[21]. - Net profit attributable to shareholders decreased by 11.47% to ¥61,309,309.03 from ¥69,252,086.68 year-on-year[21]. - The basic earnings per share fell by 35.71% to ¥0.18, down from ¥0.28 in the previous year[21]. - The total comprehensive income for the first half of 2021 was ¥61,352,981.30, down from ¥69,189,775.27 in the same period last year[166]. - The company reported a decrease in total profit to CNY 35,313,950.03, down 39.2% from CNY 58,059,258.43 in the first half of 2020[167]. - The net profit for the first half of 2021 was CNY 29,848,362.71, down 39.1% from CNY 48,996,268.25 in the first half of 2020[167]. Market Expansion and Product Development - User data indicates a growth in customer base by 30%, reaching 1 million active users[16]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[16]. - New product development includes the launch of a functional silane product line, expected to contribute an additional 50 million RMB in revenue by Q4 2021[16]. - The company is actively expanding its market presence in the US, Europe, South Korea, and Southeast Asia, with a solid customer base among the top ten global tire manufacturers[39]. Research and Development - The company has allocated 10 million RMB for research and development in new technologies for the upcoming fiscal year[16]. - Research and development expenses rose by 50.49% to ¥18,834,652.07, up from ¥12,515,349.36 in the previous year[48]. - The company has formed a high-quality R&D team and maintains long-term stable research cooperation with universities and research institutions[45]. - The company has obtained 26 authorized invention patents and has 17 patents pending as of June 30, 2021[45]. Financial Position and Assets - The total assets increased by 7.39% to ¥1,987,634,227.98 compared to ¥1,850,930,889.04 at the end of the previous year[21]. - The company reported a total current assets of RMB 1,210,870,696.56 as of June 30, 2021, compared to RMB 1,169,275,136.16 as of December 31, 2020, reflecting an increase of approximately 3.1%[148]. - The company's cash and cash equivalents decreased to RMB 272,278,208.77 from RMB 580,556,991.75, representing a decline of about 53%[148]. - The accounts receivable increased to RMB 239,898,740.30 from RMB 218,359,732.26, indicating a growth of approximately 9.5%[148]. Risks and Challenges - The management has identified potential risks related to market fluctuations and supply chain disruptions in the future[8]. - The company faces risks from macroeconomic fluctuations and downstream capacity oversupply, which could negatively impact product demand and sales prices[60]. - The production costs are significantly influenced by raw material prices, including silicon blocks, chloroprene, anhydrous ethanol, carbon black, and electricity, with potential for price volatility due to market conditions[61]. - There is a risk of technology personnel turnover, which could hinder the company's ability to maintain its technological edge and competitive position[65]. Environmental Responsibility - The company is committed to environmental protection and has implemented measures to manage waste, but faces risks from potential environmental incidents and increasing regulatory costs[71]. - The company has established comprehensive pollution prevention facilities and conducts regular inspections of their operational status[90]. - The company has a complete safety production and environmental protection system, with significant investments in safety and environmental facilities[40]. - The company has implemented a self-monitoring plan for environmental protection, which is conducted by Jiangxi Jingjiang Safety and Environmental Protection Technology Co., Ltd.[94]. Shareholder and Governance Matters - The company held its 2020 Annual General Meeting on May 11, 2021, where all proposed resolutions were approved[75]. - The company did not propose any profit distribution or capital reserve transfer plans for the half-year period[77]. - The company has committed to timely disclosure of any related transactions in accordance with legal and regulatory requirements[112]. - The company will not allow any non-operational occupation of funds by controlling shareholders or related parties, ensuring compliance with financial regulations[119].

Financial Performance - Operating revenue for the period was CNY 231,481,537.50, representing a year-on-year growth of 12.65%[12] - Net profit attributable to shareholders was CNY 24,729,134.55, a decrease of 15.74% compared to the same period last year[12] - Basic earnings per share decreased by 41.67% to CNY 0.07 from CNY 0.12 in the same period last year[12] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 40.7% to CNY 15,806,341.30[12] - Total revenue for Q1 2021 reached ¥231,481,537.50, an increase of 12.3% compared to ¥205,494,182.70 in Q1 2020[54] - Net profit for Q1 2021 was ¥24,729,134.55, a decrease of 15.5% from ¥29,348,614.68 in Q1 2020[54] - The total comprehensive income for Q1 2021 was CNY 24,851,281.82, compared to CNY 29,307,716.74 in Q1 2020, indicating a decline of approximately 15.7%[58] Cash Flow - Net cash flow from operating activities was CNY 26,822,290.14, down 40.71% year-on-year[12] - The net cash flow from operating activities for Q1 2021 was CNY 26,822,290.14, down from CNY 45,235,819.57 in Q1 2020, a decrease of approximately 40.6%[62] - Cash inflow from operating activities for Q1 2021 was 251,766,892.76, up from 162,169,910.25 in Q1 2020, representing a year-over-year increase of approximately 55%[70] - Cash inflow from investment activities totaled 62,275,962.32 in Q1 2021, compared to 157,799,069.90 in Q1 2020, indicating a decrease of about 60%[70] - Net cash flow from investment activities was -52,570,436.71 in Q1 2021, a decline from 3,723,025.56 in Q1 2020[70] - Cash inflow from financing activities was 50,000,000.00 in Q1 2021, compared to 20,000,000.00 in Q1 2020, marking a 150% increase[72] - Net cash flow from financing activities for Q1 2021 was 49,939,166.67, significantly higher than 378,364.51 in Q1 2020[72] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,948,343,825.95, an increase of 5.26% compared to the end of the previous year[12] - The total liabilities as of March 31, 2021, were ¥240,794,329.09, up from ¥167,681,143.38 as of December 31, 2020, marking an increase of about 43.6%[42] - The company's total assets increased from 4,417,500 to 2,042,500, a decrease of 53.76% due to the maturity of commercial acceptance bills[23] - The company's short-term borrowings rose significantly by 1070.81%, from 7,962,152.64 to 93,222,066.36, indicating increased operational financing needs[23] - The total current assets as of March 31, 2021, were ¥1,235,627,108.30, compared to ¥1,169,275,136.16 as of December 31, 2020, indicating a growth of about 5.7%[39] - The company's total equity as of March 31, 2021, was ¥1,707,549,496.86, compared to ¥1,683,249,745.66 as of December 31, 2020, reflecting an increase of about 1.4%[44] Expenses - The company's sales expenses increased by 40.67%, from 4,355,935.01 to 6,127,564.65, primarily due to higher commission service fees from increased shipment volumes[23] - Management expenses surged by 174.87%, from 7,755,043.46 to 21,315,985.16, largely attributed to safety production costs incurred in March[26] - Operating costs for Q1 2021 were ¥213,888,253.01, up from ¥175,537,931.94 in Q1 2020, reflecting a year-over-year increase of 21.8%[54] - The total operating costs for Q1 2021 were CNY 173,738,045.09, compared to CNY 158,083,234.39 in Q1 2020, representing an increase of about 9.9%[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 26,309[18] - The largest shareholder, Hongbai Chemical Co., Ltd., held 75,630,037 shares, accounting for 22.78% of the total shares[18] Government Support - The company received government subsidies amounting to CNY 11,395,627.57 during the reporting period[15] Research and Development - Research and development expenses for Q1 2021 amounted to ¥9,629,748.08, compared to ¥7,847,324.22 in Q1 2020, indicating a 22.7% increase[54] - Research and development expenses increased to CNY 9,629,748.08 in Q1 2021 from CNY 6,847,324.22 in Q1 2020, reflecting a growth of about 40.9%[59] Future Outlook - The company plans to continue investing in new product development and market expansion strategies to drive future growth[54]