证券代码：605589 证券简称：圣泉集团 公告编号：2023-037 投资者可于 2023 年 4 月 25 日(星期四)至 2023 年 5 月 8 日(星期 一)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 过济南圣泉集团股份有限公司（以下简称"公司"）邮箱 sqzqb@shen gquan.com 进行提问。公司将在说明会上，在信息披露允许的范围内 对投资者普遍关注的问题进行回答。 公司分别于 2023 年 4 月 11 日和 2023 年 4 月 25 日发布公司 2022 年年度报告及 2023 年第一季度报告，为便于广大投资者更全面深入 地了解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司 计划于 2023 年 5 月 9 日上午 10:00-11:30 举行 2022 年度暨 2023 年 第一季度业绩暨现金分红说明会，在信息披露允许的范围内就投资者 关心的问题进行交流。 一、说明会类型 济南圣泉集团股份有限公司 关于召开 2023 年度暨 2023 年第一季度业绩 暨现金分红说明会的公告 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 ...

Environmental Responsibility - The company processed a total wastewater volume of 2,565,748 m³, with a chemical oxygen demand (COD) of 39 tons and ammonia nitrogen of 0.289 tons[1] - The company has installed 18 sets of online monitoring facilities for air emissions, ensuring compliance with environmental standards[3] - The company has implemented measures to reduce carbon emissions, although specific results were not disclosed[8] - The company is committed to fulfilling environmental responsibilities and has established a dedicated team for emissions management[3] - The company is focusing on transforming and upgrading towards green, lightweight, and intelligent development in response to low-carbon requirements[109] - The company has been recognized as a "green factory" and has implemented various eco-friendly production techniques, including the COBT wastewater treatment technology[197] - The company is actively investing in green phenolic resin research, addressing high-temperature and biodegradable challenges in oil extraction applications[137] Financial Performance - The company's revenue from the chemical raw materials and chemical products manufacturing industry reached ¥8,406,436,733.06, with a year-on-year increase of 7.98%[46] - Direct sales generated revenue of ¥8,697,215,272.85, reflecting a year-on-year increase of 5.25%[46] - The company reported a revenue of approximately 9.60 billion RMB for 2022, an increase of 8.76% compared to 2021[96] - The net profit attributable to shareholders was approximately 703.39 million RMB, reflecting a growth of 2.30% year-over-year[96] - The company’s net cash flow from operating activities improved significantly to approximately 128.44 million RMB, compared to a negative cash flow of 226.78 million RMB in the previous year[96] - The total assets at the end of 2022 were approximately 12.49 billion RMB, a decrease of 8.46% from the previous year[98] - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares, totaling approximately 156.58 million RMB, with a cash dividend payout ratio of 22.26%[85] - The company reported a basic earnings per share of 0.91 yuan, a decrease of 4.21% compared to the previous year[122] - The weighted average return on net assets was 8.54%, down by 2.01 percentage points from the previous year[122] - The company reported a non-operating loss of RMB 10.39 million from the disposal of non-current assets in 2022[126] - In 2022, the company achieved operating revenue of 9.598 billion yuan, a year-on-year increase of 8.76%[158] - The net profit attributable to shareholders of the listed company was 703 million yuan, representing a year-on-year growth of 2.30%[158] - The total assets at the end of the reporting period were 12.493 billion yuan, with total liabilities of 3.756 billion yuan, resulting in a debt-to-asset ratio of 30.07%[158] Market and Product Development - The electronic chemical materials market is expected to grow significantly, with consumption projected to reach approximately 140,000 tons in 2023, reflecting an annual growth rate of 8-9%[58] - The company is focusing on developing environmentally friendly resin products in response to increasing environmental regulations in the chemical industry[56] - The company is actively pursuing market expansion and technological innovation in the specialty phenolic resin sector, which is expected to see increased demand due to advancements in 5G and high-end copper-clad laminate industries[58] - The company is actively developing new customers and expanding its market share in the construction insulation and filtration materials industries[106] - New product developments include water-based phenolic resin for packaging coatings, modified phenolic resin for industrial coatings, and bio-based phenolic resin for oilfields, which are gradually gaining market recognition[106] - The company is expanding its market presence in electronic chemicals, particularly in semiconductor and lithium battery materials, amidst a complex competitive landscape[138] - The company is focusing on the research and development of biochar and hard carbon anode materials, with over 20 battery cell manufacturers validating the use of biochar as a precursor material[131] - The company is focusing on R&D in advanced technologies such as 3D printing and environmentally friendly casting materials to upgrade the traditional casting industry[161] Production and Capacity - The procurement of phenol was approximately 250,000 tons, with a year-on-year price increase of 15%[40] - The company purchased approximately 200 million kWh of electricity, with a price increase of 10% year-on-year[43] - The company signed long-term contracts for natural gas supply, with a procurement volume of approximately 7 million m³ and a price increase of 21% year-on-year[43] - The company directly procured methanol at approximately 150,000 tons, with a year-on-year price increase of 1%[40] - The production capacity utilization rate for phenolic resin was 61.73%, with a designed capacity of 628,600 tons[55] - The company increased its production capacity by 115,100 tons with the commissioning of the third phase of its phenolic high-end composite materials and resin project[71] - The company has a production capacity of 648,600 tons per year for phenolic resin products, ranking among the top in the world[162] Research and Development - The company holds a total of 811 valid patents, including 540 authorized invention patents, 205 utility model patent applications, and 66 design patents[195] - R&D expenses increased due to the development of new products, technologies, and processes, reflecting the company's commitment to innovation[179] - The company is focusing on R&D in synthetic resins and their applications, with a strong emphasis on innovation and high-quality development[197] - The company has established a complete industrial chain, including synthetic resins, biomass chemical materials, and composite materials, enhancing its competitive advantage[194] Strategic Initiatives - The company is focusing on the dual-driven strategy of "technological innovation + industrial restructuring" to enhance its value chain and expand its ecological chain[105] - The company has built an electronic procurement platform to enhance procurement efficiency and reduce costs, covering over ten categories of materials[146] - The company maintains long-term cooperation with well-known clients across over 50 countries and regions, which supports future market expansion for new products[177] - The company has established long-term stable relationships with major clients, which enhances customer stickiness and supports future stable growth[198] - The company is collaborating closely with several well-known enterprises in the rubber sector[106]

Financial Performance - Q3 2022 revenue reached CNY 2,297,147,869.03, an increase of 0.86% year-over-year[5] - Net profit attributable to shareholders was CNY 145,294,985.78, a decrease of 5.57% compared to the same period last year[5] - Basic earnings per share for the quarter were CNY 0.19, down 13.64% year-over-year[6] - Total operating revenue for the first three quarters of 2022 reached ¥7,075,389,367.98, an increase of 11.2% compared to ¥6,360,999,712.33 in the same period of 2021[18] - Net profit for the first three quarters of 2022 was ¥482,087,207.80, a decrease of 10.7% from ¥539,944,035.49 in the previous year[19] - Operating profit for Q3 2022 was ¥553,636,590.90, down 16.8% from ¥665,752,333.28 in Q3 2021[19] - Total comprehensive income for Q3 2022 was ¥462,319,978.40, compared to ¥538,560,227.64 in Q3 2021, reflecting a decrease of 14.1%[20] - Basic and diluted earnings per share for Q3 2022 were both ¥0.62, down from ¥0.75 in Q3 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,169,883,275.40, a decrease of 10.82% from the previous year[6] - As of September 30, 2022, the company's total current assets decreased to CNY 5,535,666,950.01 from CNY 7,132,593,004.70 at the end of 2021, representing a decline of approximately 22.4%[13] - Cash and cash equivalents dropped significantly to CNY 598,811,933.83 from CNY 2,541,401,453.31, a decrease of about 76.4%[13] - Accounts receivable increased to CNY 1,764,804,253.48 from CNY 1,345,275,163.47, reflecting a growth of approximately 31.1%[13] - Total liabilities decreased to CNY 3,658,672,238.58 from CNY 5,524,941,644.04, a reduction of about 33.8%[16] - Non-current assets increased slightly to CNY 6,634,216,325.39 from CNY 6,514,120,830.33, indicating a growth of approximately 1.8%[15] - The company's total assets decreased to CNY 12,169,883,275.40 from CNY 13,646,713,835.03, a decline of about 10.8%[16] - The equity attributable to shareholders increased to CNY 8,257,033,042.36 from CNY 7,943,323,060.48, reflecting an increase of approximately 3.9%[16] Cash Flow - Cash flow from operating activities showed a negative balance of CNY 442,711,959.34 year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥442,711,959.34, an improvement from a net outflow of ¥1,902,297,196.07 in the same period last year[23] - Cash inflow from investment activities was ¥420,183,469.86, significantly lower than ¥3,778,537,153.24 in the same period last year[23] - Cash outflow from financing activities totaled ¥2,271,631,055.40, compared to ¥1,519,047,272.07 in the previous year, indicating increased financing activities[23] - The net increase in cash and cash equivalents for Q3 2022 was -1,479,674,865.92, compared to -605,383,554.91 in the same period last year[24] - The beginning cash and cash equivalents balance was 2,047,379,791.53, up from 1,549,204,882.62 year-over-year[24] - The ending cash and cash equivalents balance stood at 567,704,925.61, a decrease from 943,821,327.71 in the previous year[24] Other Financial Metrics - The weighted average return on equity was 1.75%, a decrease of 0.56 percentage points year-over-year[6] - The company reported a decrease in net profit excluding non-recurring items to CNY 127,830,908.75, down 11.61% year-over-year[5] - Non-recurring gains and losses totaled CNY 17,464,077.03 for the quarter[9] - The company experienced an increase in accounts receivable due to rising raw material prices and increased sales, leading to a CNY 439 million increase in receivables[9] - The company reported a decrease in inventory to CNY 1,403,467,470.50 from CNY 1,519,165,371.63, a decline of approximately 7.6%[13] - Short-term borrowings rose significantly to CNY 215,247,365.46 from CNY 56,293,780.04, an increase of about 282.5%[16] - Long-term borrowings decreased to CNY 1,252,275,598.68 from CNY 2,211,928,062.87, a reduction of about 43.4%[16]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥4.78 billion, representing a 17.02% increase compared to ¥4.08 billion in the same period last year[21]. - The net profit attributable to shareholders decreased by 10.72% to approximately ¥332.29 million from ¥372.19 million year-on-year[21]. - The net cash flow from operating activities improved significantly, with a net outflow of approximately ¥274.09 million compared to a much larger outflow of ¥1.24 billion in the previous year[21]. - The total assets of the company decreased by 8.85% to approximately ¥12.44 billion from ¥13.65 billion at the end of the previous year[21]. - The net assets attributable to shareholders increased by 4.01% to approximately ¥8.26 billion from ¥7.94 billion at the end of the previous year[21]. - Basic earnings per share decreased by 20.37% to ¥0.43 from ¥0.54 in the same period last year[23]. - The weighted average return on net assets decreased by 2.33 percentage points to 4.10% from 6.43% year-on-year[23]. - The company reported a 3.51% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching approximately ¥313.19 million compared to ¥302.58 million last year[21]. - The company reported a net profit for the same period of CNY 340 million, a decrease of 11.57% compared to the previous year[51]. - The company reported a total comprehensive income for the first half of 2022 was CNY 132,148,294.63[202]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 12.439 billion, with total liabilities of CNY 3.919 billion, resulting in a debt-to-asset ratio of 31.51%[51]. - The company's total assets decreased to ¥7,272,369,482.94 from ¥7,525,030,217.01, reflecting a decline of 3.4%[168]. - Total liabilities decreased to ¥2,042,252,325.92 from ¥2,432,250,236.12, a reduction of 16.0%[168]. - The company's equity increased to ¥5,230,117,157.02, up from ¥5,092,779,980.89, representing a growth of 2.7%[168]. - The company's cash and cash equivalents decreased by 56.30% to ¥1,110,632,937.37, down from ¥2,541,401,453.31 in the previous year[61]. - Accounts receivable increased by 22.25% to ¥1,807,213,640.69, compared to ¥1,478,236,269.35 last year[61]. - Inventory rose by 3.07% to ¥1,565,744,213.95, up from ¥1,519,165,371.63 in the previous year[61]. - Short-term borrowings surged by 437.39% to ¥302,514,367.33, indicating increased liquidity needs[61]. - Long-term borrowings decreased by 49.77% to ¥1,111,043,866.30, down from ¥2,211,928,062.87 last year[61]. Operational Highlights - The company is a leading high-tech enterprise in the synthetic resin and composite materials industry, with phenolic resin and furan resin production and sales ranking first in China and among the top globally[27]. - The company has an annual production capacity of 120,000 tons for furan resin, which is the largest in the world[34]. - The company focuses on continuous technological innovation, launching various eco-friendly and high-performance products, including electronic-grade phenolic resin and aerospace-grade materials[27]. - The company aims to transition from a one-stop product supplier to an integrated casting solution provider, incorporating product manufacturing and simulation software development[34]. - The company has established a centralized procurement system to enhance efficiency and reduce costs, sourcing raw materials from major domestic suppliers[30]. - The company utilizes an SAP ERP system to streamline production planning and inventory management, ensuring stable product supply[31]. - The casting auxiliary materials industry is expected to maintain steady growth, driven by the automotive sector and the demand for green and low-carbon solutions[33]. - The company is actively developing cutting-edge technologies such as 3D printing and environmentally friendly casting binders to embrace new market dynamics[34]. - The company has achieved an annual production capacity of 668,600 tons for phenolic resin, ranking among the world's top in terms of capacity and technology level[35]. Environmental and Social Responsibility - The company is committed to green production and has implemented various technologies, such as the COBT wastewater treatment technology, to ensure compliance with environmental standards[47]. - The company has been recognized as a "green factory" and has received multiple awards, enhancing its brand reputation and industry influence[48]. - The company has established independent wastewater treatment facilities at its subsidiaries to ensure compliance with local discharge standards[89]. - The company has committed to reducing carbon emissions by increasing the share of clean energy and promoting resource reuse[100]. - The company donated over 5 million yuan worth of pandemic prevention materials to various regions, contributing to public health efforts[101]. - The company has implemented a comprehensive solid waste management strategy, ensuring compliance with environmental regulations[92]. - The company has achieved a significant reduction in waste generation per ton of product, demonstrating commitment to environmental sustainability[98]. - The company has received no administrative penalties for environmental issues during the reporting period[97]. Research and Development - The company has invested significantly in R&D for new materials technology and product development, focusing on market-oriented innovation despite potential risks in commercialization[75]. - The company has accumulated 788 authorized intellectual property rights, including 532 invention patents, demonstrating its strong R&D capabilities[45]. - Research and development expenses for the first half of 2022 were ¥208,967,271.58, slightly up from ¥200,316,585.23 in the previous year[171]. - The company has initiated new product development strategies aimed at enhancing market competitiveness[186]. - The company is exploring potential mergers and acquisitions as part of its growth strategy to enhance market share and operational capabilities[194]. Governance and Shareholder Commitments - The actual controllers of the company, Tang Yilin and Tang Diyuan, committed not to transfer or entrust others to manage their shares for 36 months from the date of listing on the Shanghai Stock Exchange[106]. - The commitments made by the actual controllers are irrevocable, and any gains from violations will belong to the company[109]. - The board members and senior management also committed to similar restrictions on share transfers for 12 months post-listing[113]. - The company guarantees that its prospectus does not contain false records or misleading statements, and will compensate investors for losses incurred due to any violations[133]. - Any violations of commitments by the company or its controllers will result in public apologies and compensation for losses incurred by investors[134]. - The company will ensure timely and accurate disclosure of any changes in shareholding and will comply with all relevant regulations regarding share reduction[122]. Market Position and Future Outlook - The company plans to enhance its market expansion efforts, focusing on new product development and technological advancements to drive future growth[194]. - The company has set a performance guidance for the next quarter, aiming for a revenue growth of at least 5% compared to the current quarter[194]. - Future outlook includes potential mergers and acquisitions to further expand market presence and operational capabilities[186].

Dividend Distribution - The company plans to distribute a cash dividend of 2.5 RMB per 10 shares, totaling 193.6942 million RMB, based on a total share capital of 77,477.68 million shares as of September 23, 2021[4]. - The proposed cash dividend for 2022 is 2.00 RMB per 10 shares, amounting to 154.95536 million RMB, with a cash dividend payout ratio of 50.71% for 2021[4]. - The company does not plan to issue bonus shares or increase capital from reserves[4]. Financial Performance - The company's operating revenue for 2021 was CNY 8,824,602,491.38, representing a 6.08% increase compared to CNY 8,319,101,227.07 in 2020[17]. - The net profit attributable to shareholders for 2021 was CNY 687,578,239.44, a decrease of 21.62% from CNY 877,182,412.47 in 2020[17]. - The net cash flow from operating activities for 2021 was negative CNY 226,783,526.46, a decline of 131.18% compared to CNY 727,254,373.22 in 2020[19]. - The total assets at the end of 2021 were CNY 13,646,713,835.03, an increase of 25.06% from CNY 10,912,247,412.27 at the end of 2020[19]. - The basic earnings per share for 2021 was CNY 0.95, down 24.60% from CNY 1.26 in 2020[20]. - The weighted average return on equity for 2021 was 10.55%, a decrease of 6.31 percentage points from 16.86% in 2020[20]. Risk Management - The company has detailed various risks and countermeasures in its management discussion and analysis section[7]. - The company emphasizes the importance of investor awareness regarding potential risks in forward-looking statements[5]. - The company faces risks from macroeconomic fluctuations that could impact downstream industry demand, potentially affecting its profitability[116]. - The company is exposed to raw material price volatility, particularly for phenolic and furan resins, which could lead to increased production costs and reduced gross margins[117]. Corporate Governance - The board of directors and senior management have confirmed the authenticity, accuracy, and completeness of the annual report[2]. - The company has maintained a robust governance structure, ensuring compliance with laws and regulations, and protecting shareholder interests through transparent practices[124]. - The governance structure includes independent directors who diligently fulfill their duties, contributing to the company's strategic oversight[126]. - The company has established mechanisms to prevent the controlling shareholder from misusing company funds, ensuring financial independence[125]. Environmental Responsibility - The company has installed 15 sets of online monitoring facilities for air emissions, ensuring compliance with environmental standards[169]. - The company has implemented a comprehensive waste management strategy, including the proper disposal of general and hazardous solid waste[167]. - The company has continuously reduced the waste generation per ton of product year by year through extensive emission reduction efforts[175]. - The company has increased the proportion of clean energy in its structure and accelerated the electrification and intelligence of various departments to reduce carbon emissions[176]. Research and Development - The company holds 777 authorized intellectual properties, including 528 invention patents, reflecting its strong R&D capabilities[50]. - The company has developed over 800 varieties of multi-purpose phenolic resin products across 10 major series[36]. - Research and development expenses rose by 5.66% to ¥360,940,439.29, reflecting increased investment in R&D[58]. - The company has invested significantly in R&D for new materials and technologies, but faces risks related to the commercialization and market adoption of these innovations[121]. Market Expansion - The company is expanding its market presence, targeting a 10% increase in market share in the next year[134]. - The company aims to enhance its product and platform development, focusing on upgrading existing products and rapidly developing new ones in line with market trends[115]. - The company is focusing on developing high-value-added oil products and chemical raw materials as per the national industry guidelines[82]. Employee Engagement and Training - A total of 30 training sessions were conducted in 2021, targeting various employee levels, including recent graduates and key personnel, to enhance skills and promote a learning culture[154]. - The company has established a comprehensive compensation system that includes base salary, performance bonuses, year-end bonuses, allowances, and benefits to attract and retain talent[153]. Shareholder Relations - All resolutions proposed during the three shareholder meetings held in 2021 were approved without any rejections, indicating strong shareholder support[129]. - The company has implemented an effective performance evaluation and incentive mechanism for senior management, linking assessments to profit and economic value added[160]. Strategic Investments - The company made a total of four external investments during the reporting period, including a 51% stake in Shandong Shengquan Rail Transit Equipment Co., Ltd. with an investment of ¥51 million[106]. - The company established a wholly-owned subsidiary, Daqing Shengquan Cellulose Products Co., Ltd., with an investment of ¥50 million[107].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,226,248,064.81, representing a year-on-year increase of 16.53%[2] - The net profit attributable to shareholders for Q1 2022 was ¥125,483,616.25, showing a decrease of 21.81% compared to the same period last year[2] - Basic earnings per share for Q1 2022 were ¥0.16, down 30.43% from the previous year[2] - Total operating revenue for Q1 2022 reached RMB 2,226,248,064.81, an increase of 16.5% compared to RMB 1,910,514,789.76 in Q1 2021[15] - Net profit for Q1 2022 was RMB 128,669,840.71, a decrease of 23% from RMB 166,951,462.84 in Q1 2021[16] - The company reported a total profit of RMB 148,332,519.18 for Q1 2022, down from RMB 194,754,093.10 in Q1 2021[16] Cash Flow - The net cash flow from operating activities was -¥825,003,851.76, a decline of 58.06% year-on-year[2] - Cash flow from operating activities in Q1 2022 was RMB 1,099,791,285.65, an increase from RMB 1,042,241,941.78 in Q1 2021[17] - Operating cash inflow totaled approximately ¥1.22 billion, slightly up from ¥1.21 billion in the previous year, indicating a year-over-year increase of about 0.9%[18] - Operating cash outflow increased to approximately ¥2.05 billion from ¥1.74 billion, representing a year-over-year increase of about 17.9%[18] - Net cash flow from operating activities was negative at approximately -¥825 million, worsening from -¥522 million in the previous year[18] - Cash flow from investing activities was negative at approximately -¥150 million, slightly improved from -¥151 million year-over-year[19] - Cash inflow from financing activities totaled approximately ¥695 million, up from ¥684 million, reflecting a year-over-year increase of about 1.4%[19] - Net cash flow from financing activities was positive at approximately ¥75.56 million, compared to ¥48.96 million in the previous year, showing a significant improvement[19] - The ending cash and cash equivalents balance was approximately ¥1.12 billion, down from ¥920 million year-over-year[19] - The company reported a decrease in cash flow due to foreign exchange fluctuations, amounting to approximately -¥23.81 million, compared to -¥5.40 million in the previous year[19] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to ¥13,683,544,975.63, a slight increase of 0.27% from the end of the previous year[3] - The equity attributable to shareholders was ¥8,072,085,418.42, reflecting a year-on-year increase of 1.62%[3] - Accounts receivable increased significantly to RMB 1,791,486,763.18 from RMB 1,345,275,163.47, marking an increase of about 33.1%[12] - Inventory rose to RMB 1,694,106,427.21 compared to RMB 1,519,165,371.63, reflecting an increase of approximately 11.5%[12] - Total current liabilities increased to RMB 2,991,242,712.10 from RMB 2,649,052,512.40, indicating a rise of about 12.9%[13] - Long-term borrowings decreased to RMB 1,746,412,783.16 from RMB 2,211,928,062.87, a reduction of approximately 21.0%[13] - The company's total equity attributable to shareholders rose to RMB 8,072,085,418.42 from RMB 7,943,323,060.48, an increase of about 1.6%[14] Strategic Focus - The company plans to enhance its market expansion strategies and invest in new product development, although specific figures are not provided[11] - The company is actively monitoring its financial health and adjusting its strategies in response to market conditions[11] Other Financial Metrics - Non-recurring gains and losses for the period totaled ¥5,326,932.45, after accounting for tax and minority interests[5] - The weighted average return on net assets decreased by 1.23 percentage points to 1.57%[3] - Research and development expenses for Q1 2022 amounted to RMB 99,510,918.14, slightly up from RMB 97,726,754.11 in Q1 2021[16] - Financial expenses decreased significantly to RMB 22,646,533.60 in Q1 2022 from RMB 55,994,614.50 in Q1 2021[16] - Other comprehensive income after tax for Q1 2022 was RMB 50,894.31, compared to a loss of RMB 2,186,747.01 in Q1 2021[16] - The company experienced a net loss of RMB 39,327,171.36 in credit impairment losses for Q1 2022[16] - The company's net profit margin for the first quarter of 2022 is not explicitly stated but is a key focus for future performance evaluation[11]

Financial Performance - The company's operating revenue for Q3 2021 was ¥2,277,585,614.49, a decrease of 6.14% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2021 was ¥153,863,279.58, down 38.86% year-on-year[2]. - The basic earnings per share for Q3 2021 was ¥0.22, reflecting a decline of 39.64% compared to the previous year[4]. - The company reported a net cash flow from operating activities of -¥1,902,297,196.07 for the year-to-date period[4]. - The company attributed the decline in profits to the high profits from mask sales in the same period last year due to the pandemic[7]. - The total comprehensive income attributable to the parent company's owners for Q3 2021 was CNY 525,384,236.55, a decrease from CNY 666,094,246.92 in Q3 2020, representing a decline of approximately 21.1%[18]. - The company's basic and diluted earnings per share for Q3 2021 were both CNY 0.75, down from CNY 0.95 in Q3 2020, representing a decline of approximately 21.1%[18]. - Net profit for the third quarter was ¥539,944,035.49, down from ¥672,050,450.62, representing a decline of approximately 19.6%[17]. Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥13,106,568,025.56, representing an increase of 20.11% from the end of the previous year[4]. - The total current assets as of September 30, 2021, amounted to 6,781.60 million RMB, compared to 5,559.24 million RMB in the previous year[13]. - The company reported a significant increase in long-term fixed assets, reaching 2,944.10 million RMB compared to 2,094.83 million RMB in the previous year[13]. - The total liabilities amounted to ¥5,175,742,472.74, slightly down from ¥5,179,393,841.66, indicating a decrease of about 0.1%[14]. - The company's total liabilities increased, with a notable rise in borrowings, reflecting ongoing financing needs and potential strategic investments[22]. - Total liabilities reached approximately ¥5.18 billion, with current liabilities at ¥2.72 billion and non-current liabilities at ¥2.45 billion[24]. Equity - The equity attributable to shareholders increased by 38.82% year-on-year, reaching ¥7,778,128,011.41[4]. - The equity attributable to shareholders increased to ¥7,778,128,011.41 from ¥5,603,168,773.78, showing a growth of approximately 38.8%[15]. - Shareholders' equity totaled approximately ¥5.73 billion, with equity attributable to the parent company at ¥5.60 billion[25]. Revenue Segments - The company's revenue increased by 0.95% year-on-year despite a significant decline in the health protection products segment[11]. - Sales revenue from health protection products was 232.55 million RMB, with a gross profit of 59.08 million RMB during the reporting period[11]. - Excluding health protection products, other main business segments achieved sales revenue of 6,029.29 million RMB, a year-on-year growth of 43.22%[11]. - The gross profit from other main business segments was 1,485.39 million RMB, reflecting a year-on-year increase of 33.73%[11]. Cash Flow - The net cash flow from operating activities for the first nine months of 2021 was -CNY 1,902,297,196.07, compared to -CNY 93,072,992.54 in the same period of 2020, indicating a significant deterioration in cash flow[20]. - The net cash flow from investing activities for the first nine months of 2021 was -CNY 920,598,125.47, compared to -CNY 404,467,165.52 in the same period of 2020, indicating increased cash outflows for investments[21]. - The net cash flow from financing activities for the first nine months of 2021 was CNY 2,214,139,700.40, a significant increase from CNY 440,405,896.69 in the same period of 2020, showing improved financing activities[21]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 943,821,327.71, compared to CNY 671,472,501.07 at the end of Q3 2020, indicating an increase of approximately 40.5%[21]. Research and Development - Research and development expenses increased to ¥290,108,745.80 from ¥235,451,235.39, marking a rise of about 23.2%[17]. - The company is focusing on high-performance resins, composite materials, and biomass refining to enhance its industrial ecosystem[11]. Initial Public Offering - The company completed its initial public offering in August 2021, contributing to the increase in equity[7].