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]

Financial Performance - The company's operating revenue for 2020 was CNY 897,427,292.29, a decrease of 11.48% compared to CNY 1,013,854,511.82 in 2019[26]. - The net profit attributable to shareholders for 2020 was CNY 122,670,826.07, down 21.69% from CNY 156,648,721.74 in 2019[26]. - The net cash flow from operating activities decreased by 56.50% to CNY 96,244,805.81 from CNY 221,272,727.98 in 2019[26]. - The basic earnings per share for 2020 was CNY 0.44, a decline of 30.16% from CNY 0.63 in 2019[29]. - The weighted average return on equity decreased by 10.56 percentage points to 10.94% in 2020 from 21.50% in 2019[29]. - The total assets increased by 63.73% to CNY 1,850,930,889.04 at the end of 2020 from CNY 1,130,477,891.58 at the end of 2019[26]. - The net assets attributable to shareholders increased by 108.11% to CNY 1,683,249,745.66 at the end of 2020 from CNY 808,814,816.86 at the end of 2019[26]. - The company reported a significant increase in cash flow from investing activities due to the initial public offering in August 2020[29]. - The company experienced a decline in customer demand due to the impact of the COVID-19 pandemic, affecting revenue[29]. Dividend Policy - The company plans to distribute a cash dividend of 3 RMB per 10 shares, totaling 99.6 million RMB for the year 2020, which represents 81.19% of the net profit attributable to ordinary shareholders[157]. - The cash dividend policy stipulates that the cash distribution should not be less than 10% of the distributable profit for the year, with higher percentages based on the company's development stage and capital expenditure plans[152]. - The company has established a stable profit distribution policy, prioritizing cash dividends while ensuring sustainable development and operational capability[150]. - In 2020, the company did not issue any stock dividends or bonus shares, maintaining a focus on cash distribution[157]. - The company’s cash dividend conditions include positive distributable profits, a clean audit report, sufficient cash reserves, and no major capital expenditure plans exceeding specified thresholds[149]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants[5]. - The company emphasizes the importance of accurate financial reporting and has declared the completeness of its financial statements[4]. - The company has confirmed no non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not reported any violations in decision-making procedures regarding external guarantees[8]. - The company has confirmed that all board members attended the board meeting[5]. - The company has stated that there are no significant omissions or misleading statements in the annual report[4]. Market Position and Strategy - The company maintains a leading position in the functional silane industry, contributing over 90% of its revenue from silane coupling agents, primarily used in rubber and tire, construction, and textile industries[40]. - The company has achieved a production capacity of 43.05 million tons/year for functional silanes, with a production output of 27.85 million tons, marking a year-on-year growth of 6.6%[44]. - The company is recognized as a high-tech enterprise and has established three R&D departments, enhancing its competitive edge in the market[45]. - The company has implemented a "sales-driven production" model, ensuring production aligns with market demand and customer specifications[41]. - The company is focused on sustainable development through a circular economy model, integrating production processes to enhance environmental friendliness[40]. Research and Development - The company has obtained 20 authorized invention patents, including 5 new patents in 2020, and has over 20 new products and technologies[55]. - The company’s R&D expenses decreased by 27.66% to CNY 25.37 million in 2020[56]. - Research and development expenses totaled ¥25.37 million, accounting for 2.83% of total revenue, with 166 R&D personnel representing 15.70% of the total workforce[73]. - The company intends to focus on R&D to expand its product range of functional silanes, leveraging its research capabilities to enhance market competitiveness[119]. Risks and Challenges - The company has outlined potential risks in its future development in the report[8]. - The company recognizes potential risks from ongoing global changes, including the impact of the pandemic and rising raw material prices, and plans to adapt its operational strategies accordingly[124]. - The company faces risks from macroeconomic fluctuations and downstream capacity oversupply, which could negatively impact product demand, sales prices, and quantities sold[129]. - The company is experiencing intensified market competition, necessitating continuous market exploration and technological advancements to maintain its competitive edge[131]. - There is a risk of talent loss, particularly among core technical personnel, which could adversely affect ongoing technology development projects[134]. Environmental and Safety Measures - The company has established a complete safety production and environmental protection system, investing in various safety and environmental facilities[51]. - Environmental protection measures are in place, but the company still faces risks of pollution incidents and increased compliance costs due to stricter regulations[141]. Financial Management - The company has entrusted cash asset management with a total of RMB 500 million from raised funds and RMB 118.66 million from self-owned funds[197]. - The unexpired balance of entrusted financial management amounts to RMB 371 million for raised funds and RMB 92.32 million for self-owned funds[197]. - The company has a total of RMB 46 million in entrusted financial management with an annualized return rate of 1.89%[199]. - The company has invested RMB 16 million in a bank financial product with an annualized return rate of 1.95%, which is yet to be recovered[199]. Shareholder Commitments - The company guarantees that there are no competitive business situations with related parties and will not engage in any competing businesses in the future[173]. - Related parties must notify the issuer of any competitive business opportunities and will not provide support to competing entities[173]. - The company must ensure that no funds, assets, or resources are occupied by related parties without proper return or regulation[173]. - Any violation of the commitments by the company or related parties will result in all related gains being returned to the issuer, with future dividends suspended until compliance[173].

Financial Performance - Net profit attributable to shareholders of the listed company was CNY 97,690,767.40, a decrease of 15.01% year-on-year[18]. - Operating revenue for the period was CNY 698,438,741.14, down 8.29% from the same period last year[18]. - The net profit after deducting non-recurring gains and losses was CNY 83,519,711.85, a decrease of 27.07% year-on-year[18]. - Basic earnings per share decreased by 17.39% to CNY 0.38[21]. - The weighted average return on net assets was 10.37%, down 5.87 percentage points from the previous year[21]. - Net profit attributable to shareholders for Q3 2020 was ¥28,438,680.72, down from ¥34,675,397.53 in Q3 2019, indicating a decrease of approximately 17.5%[57]. - The company reported a total profit of CNY 28,864,170.97 for Q3 2020, down from CNY 32,605,944.73 in Q3 2019, indicating a decline of about 11.3%[64]. - The company’s total comprehensive income for Q3 2020 was ¥28,635,092.78, compared to ¥35,565,974.07 in Q3 2019, indicating a decrease of about 19.5%[57]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,976,132,777.60, an increase of 74.81% compared to the end of the previous year[18]. - The company's total equity increased by 33.33% to RMB 332,000,000.00, resulting from the public issuance of shares[32]. - The company's total liabilities increased significantly, reflecting ongoing investments in new projects and financial products[34]. - Total liabilities were reported at ¥318,157,571.77, slightly down from ¥321,663,074.72, indicating a decrease of around 1.6%[45]. - The total assets of the company increased to ¥1,991,887,160.53 from ¥1,098,919,904.20, showing a growth of about 81.5%[50]. - The total liabilities rose to ¥295,790,181.65, compared to ¥228,155,032.02 in the previous period, marking an increase of approximately 29.7%[50]. - Total current liabilities represent approximately 19.7% of total assets, suggesting a manageable short-term financial obligation[90]. Cash Flow - The net cash flow from operating activities was CNY 101,188,875.25, a decline of 34.65% compared to the previous year[18]. - Cash inflow from operating activities for the first three quarters of 2020 was CNY 508,749,356.81, a decrease of 4.0% compared to CNY 533,824,460.68 in the same period of 2019[69]. - Cash inflow from investment activities totaled CNY 721,542,138.78, significantly higher than CNY 237,323,418.98 in the previous year, marking an increase of 203.5%[73]. - Cash inflow from financing activities reached CNY 890,704,360.00, a substantial increase from CNY 137,787,029.80 in the previous year[73]. - The ending balance of cash and cash equivalents was CNY 626,841,414.69, up from CNY 68,572,541.48 at the end of the previous year[73]. Shareholder Information - The total number of shareholders at the end of the reporting period was 34,477[26]. - Major shareholders include Hongbai Chemical Co., Ltd. with a 22.78% stake and Hongbai (Asia) Group Co., Ltd. with a 19.32% stake[26]. Government Subsidies and Other Income - The company reported government subsidies related to normal business operations amounting to CNY 5,206,836.11[22]. - Other income surged by 1905.19% to RMB 21,626,877.12, primarily due to an increase in government subsidies related to revenue[32]. - The company received cash related to operating activities amounting to RMB 38,427,509.96, a 246.43% increase, due to government subsidies[34]. Investment and R&D - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[34]. - Research and development expenses for Q3 2020 were ¥10,084,049.41, a decrease from ¥11,073,131.60 in Q3 2019, reflecting a decline of approximately 8.9%[54]. - The company reported a significant increase in long-term investments, with long-term equity investments rising to ¥115,652,530.00 from ¥5,652,530.00, a growth of approximately 1945%[49].