Financial Performance - The company's operating revenue for Q1 2023 was ¥108,030,988.56, representing a decrease of 13.67% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥21,796,090.33, down 42.94% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥18,764,490.37, a decrease of 44.93% compared to the previous year[3]. - The weighted average return on equity was 1.59%, a decrease of 1.51 percentage points[3]. - The basic and diluted earnings per share were both ¥0.29, down 45.28% year-on-year[3]. - The company reported a net profit of ¥28,949,900, a decrease of 24.21% year-on-year after excluding the impact of share-based payments[4]. - In Q1 2023, the company reported a net profit of CNY 21,796,090.33, a decrease of 43.0% compared to CNY 38,199,498.06 in Q1 2022[21]. - The company’s total profit for the period was CNY 24,615,040.07, down from CNY 45,080,931.62 in Q1 2022, indicating a decline of 45.5%[21]. - Total comprehensive income for the period was CNY 21,796,090.33, reflecting a decrease of 43.0% compared to CNY 38,199,498.06 in the prior year[22]. Cash Flow - The net cash flow from operating activities was -¥7,797,542.14, reflecting a decline of 138.32% year-on-year[3]. - The company experienced a net cash outflow from operating activities of CNY -7,797,542.14, contrasting with a net inflow of CNY 20,346,751.54 in Q1 2022[27]. - Investment activities generated a net cash inflow of CNY 19,948,557.23, a significant improvement from a net outflow of CNY -65,862,387.79 in the previous year[27]. Expenses - Research and development expenses totaled ¥8,282,842.26, accounting for 7.67% of operating revenue, an increase of 3.53 percentage points[4]. - Research and development expenses increased to CNY 8,282,842.26, compared to CNY 5,177,816.98 in Q1 2022, marking a rise of 59.0%[21]. - The company incurred sales expenses of CNY 4,251,760.19, which is an increase of 53.2% from CNY 2,773,812.85 in the same quarter last year[21]. - Total operating costs increased to RMB 87,308,586.78 in Q1 2023 from RMB 86,147,201.46 in Q1 2022, representing a rise of 1.3%[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,159,744,471.24, an increase of 3.73% from the end of the previous year[4]. - Current assets totaled RMB 1,570,611,162.81 as of March 31, 2023, compared to RMB 1,510,911,525.81 at the end of 2022, reflecting an increase of 3.9%[16]. - Total assets amounted to RMB 2,159,744,471.24 as of March 31, 2023, compared to RMB 2,082,102,394.84 at the end of 2022, an increase of 3.7%[18]. - Total liabilities were RMB 772,683,003.00 in Q1 2023, up from RMB 725,253,316.79 in Q4 2022, indicating a rise of 6.5%[18]. - Shareholders' equity increased to RMB 1,387,061,468.24 in Q1 2023 from RMB 1,356,849,078.05 at the end of 2022, a growth of 2.2%[18]. - Cash and cash equivalents stood at RMB 523,922,150.48 as of March 31, 2023, compared to RMB 512,403,164.34 at the end of 2022, an increase of 2.9%[16]. - The cash and cash equivalents at the end of the period stood at CNY 487,610,673.48, slightly down from CNY 500,797,671.00 at the end of Q1 2022[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,844[11].

Financial Performance - The company's operating revenue for 2022 was CNY 651,234,537.34, representing a 26.57% increase compared to CNY 514,516,750.25 in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 141,688,212.45, an increase of 16.28% from CNY 121,851,130.40 in 2021[21]. - The net cash flow from operating activities was negative CNY 65,095,168.04 in 2022, compared to negative CNY 51,487,979.58 in 2021[21]. - The total assets at the end of 2022 were CNY 2,082,102,394.84, a 25.85% increase from CNY 1,654,417,061.23 at the end of 2021[21]. - The basic earnings per share for 2022 was CNY 1.93, up 7.82% from CNY 1.79 in 2021[22]. - The company reported a net profit of CNY 34,337,120.74 in Q4 2022, with total revenue for the quarter at CNY 202,696,034.32[24]. - The company achieved operating revenue of 651.23 million yuan, a year-on-year increase of 26.57%, and a net profit attributable to shareholders of 141.69 million yuan, up 16.28% year-on-year[31]. - The net profit excluding non-recurring gains and losses reached 124,242,100 CNY, up 23.93% compared to the previous year[96]. Dividend and Capital Increase - The company plans to distribute a cash dividend of 5.8 CNY per 10 shares (including tax) and to increase capital by 4 shares for every 10 shares held, resulting in a total cash dividend of approximately 42.92 million CNY and a capital increase of about 29.60 million shares[6]. - As of December 31, 2022, the total share capital of the company was 73,993,334 shares, which will increase to 103,590,668 shares after the proposed capital increase[6]. - The total cash dividend amount for 2022 is projected to be 42,916,133.72 RMB, representing 30.29% of the net profit attributable to shareholders[166]. Research and Development - The R&D expenditure as a percentage of operating revenue decreased to 7.48% in 2022 from 8.10% in 2021[22]. - The company invested 48,723,263.78 yuan in R&D this year, representing a 16.86% increase from the previous year, with R&D expenses accounting for 7.48% of total revenue[76]. - The company has developed new technologies for high-performance graphite materials, enhancing thermal conductivity and reducing energy consumption in processes[83]. - The company has achieved breakthroughs in technology by overcoming 8 technical challenges and obtaining 3 key patents this year[198]. Market Expansion and Strategy - The company is focused on expanding its market presence and developing new products and technologies, although specific details are not provided in the extracted content[14]. - The company is actively exploring overseas markets, particularly in India, Southeast Asia, and Russia, to enhance its international competitiveness[36]. - The company aims to expand its market presence by leveraging its advanced technology and product offerings in the chemical industry[41]. - The company plans to extend its business upstream to raw material production, which is expected to reduce material costs and production cycles[85]. Corporate Governance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements are accurate and complete[5]. - The company adheres to information disclosure regulations, ensuring transparency and protecting the rights of minority shareholders[134]. - The board of directors consists of nine members, including three independent directors, and has held eight meetings to ensure effective governance and decision-making[134]. - The company has implemented a performance-based remuneration system for its directors and senior management, with basic and performance salaries[146]. Environmental and Social Responsibility - The company is committed to sustainable development, focusing on energy conservation and environmental protection as key operational principles[37]. - The company has implemented a photovoltaic power generation project, expected to generate 1.81 million kWh annually, reducing carbon emissions by 615 tons of standard coal equivalent each year[183]. - The company has invested in energy-saving technologies, receiving support from Jiangsu Province for its key process technology solutions in green manufacturing[186]. - The company donated a total of 30.20 million yuan to the Rugao Charity Foundation and 5.41 million yuan for elderly care projects[187]. Risks and Challenges - The company has not yet achieved profitability since its listing[4]. - The company faces risks related to new product development, including potential delays and performance issues that could impact profitability[87]. - The company is subject to risks from changes in tax incentives, with a current effective tax rate of 15% due to its high-tech enterprise status, valid until December 31, 2023[91]. - The company faces industry risks, including potential policy changes and competition from new materials that could affect the demand for graphite equipment[92].

证券代码：688633 证券简称：星球石墨 编号：005 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □现场参观 □一对一沟通 其他 电话会议 国泰君安、深圳进门财经、深圳市景从资产管理、北京浩鸿明凯投资管 参与单位及人员 理、何雪萍、北京金百镕投资管理、融通基金管理、北京益安资本管理、 上海睿亿投资、上海冰河资产管理、杭州谭石投资 南通星球石墨股份有限公司投资者关系活动记录表 | --- | --- | |---------------------|------------------------------------------------------------------| | 时间 2022 | 年 5 月 5 日 | | | 地点 公司会议室 | | | 接待人员 副总经理、董事会秘书杨志城先生 | | 投资者关系 互动提问 | | | | 1. 公司内蒙原材料项目进展如何？ | | | 答：公司建立全资子公司内蒙古星球新材料有限公司主要专注于特种 | | | 石墨材料的生产、研发和销售，旨在向产业上游拓展、进行石墨材料深加 | | 活 ...

Financial Performance - The company reported a total revenue of 100 million RMB for the first half of 2022, representing a year-on-year increase of 20%[18]. - The company's operating revenue for the first half of the year increased by 13.86% compared to the same period last year, reaching approximately 279.24 million yuan[21]. - Net profit attributable to shareholders increased by 35.44% year-on-year, amounting to approximately 72.90 million yuan, driven by revenue growth and reduced management and sales expenses[20]. - The net profit after deducting non-recurring gains and losses rose by 29.12% to approximately 62.38 million yuan[21]. - Future guidance indicates a projected revenue growth of 25% for the full year 2022, driven by increased demand and new product launches[18]. - The company reported a total revenue of 3,219 million RMB for the first half of 2022, with a net profit of 1,729 million RMB, indicating a stable performance compared to the previous year[51]. Research and Development - The company has allocated 5 million RMB for R&D in new technologies, focusing on sustainable materials and production processes[18]. - The total R&D investment for the period was approximately 17.29 million yuan, a slight increase of 0.69% compared to the previous year, with R&D expenses accounting for 6.19% of operating revenue[47]. - The company applied for 19 new intellectual property rights during the period, including 9 invention patents and 10 utility model patents, bringing the total to 311 applications and 185 granted[45]. - The company is actively involved in new product development and technology research to improve production capacity and market share[31]. - The company has developed a unique impregnation agent formula that enhances the temperature resistance of graphite materials to 250°C, improving their mechanical strength and thermal conductivity[26]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[18]. - The company is focusing on expanding its market presence in high-end equipment, driven by technological advancements and increasing demand for energy-efficient solutions[27]. - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[107]. - The company is considering strategic acquisitions to further enhance its product portfolio and market presence[107]. - The company has established stable partnerships with high-quality clients such as Zhongtai Group and Yangnong Group, enhancing its market position[31]. Financial Health and Cash Flow - The company maintains a strong cash position with 30 million RMB in cash reserves, providing flexibility for future investments[18]. - The company's cash flow from operating activities was negative at approximately -19.13 million yuan, primarily due to increased cash payments for raw material purchases[20]. - The net cash flow from operating activities was negative at ¥19,130,223.26, worsening from a negative ¥7,132,192.11 in the previous year[80]. - The net cash flow from investing activities improved significantly to negative ¥80,684,449.71 from negative ¥571,327,432.90, due to reduced purchases of low-risk financial products[82]. - The company has committed to maintaining a dividend payout ratio of 30% of net income moving forward[107]. Risks and Challenges - The management highlighted potential risks including raw material price volatility and regulatory changes impacting production[18]. - The company faces risks related to new product development, including potential delays and quality issues that could impact profitability[63]. - The company's main raw material costs significantly impact its operating margins, making it vulnerable to price fluctuations[65]. Environmental and Social Responsibility - The company has established an environmental management system and has not faced any administrative penalties related to environmental issues during the reporting period[97]. - The company has implemented measures to reduce carbon emissions, including the procurement of energy-saving equipment and optimizing production processes[101]. - The company plans to install photovoltaic power generation equipment to further reduce energy consumption[100]. - The company has committed to becoming a leading graphite equipment production base in the country, focusing on technological and scale advantages[31]. Corporate Governance and Shareholder Matters - The company has implemented its first round of equity incentive plans in June 2022, enhancing its attractiveness and cohesion[62]. - The company’s controlling shareholder and actual controllers committed to buy back shares, with a minimum of 20% of the cash dividends received since the company's listing to be used for share repurchase within 90 days of the announcement[116]. - The company guarantees that its prospectus and other disclosures do not contain false records or misleading statements, and will compensate investors for any losses incurred due to such issues[126]. - The company has committed to maintaining transparency and fairness in any unavoidable related transactions with its subsidiaries[132]. Product Development and Innovation - New product development includes a next-generation graphite heat exchanger, expected to launch in Q4 2022, which aims to enhance thermal efficiency by 25%[18]. - The company has developed high-performance graphite materials and a hydrochloric acid synthesis integrated structure, achieving a waste heat recovery rate of 70% and stable by-product steam generation at 0.8MpaG, filling a domestic gap and significantly saving energy[42]. - The company has successfully developed a phosphoric acid concentrated graphite evaporation kettle, which has been recognized as a major equipment in Nantong, enhancing energy efficiency and reducing pollution[43]. - The company has developed a silicon carbide heat exchanger that features high strength, high thermal conductivity, and comprehensive resistance to acid and alkali corrosion, making it suitable for high-temperature and high-pressure applications[35].

Financial Performance - The company's operating revenue for Q1 2022 was ¥125,130,821.56, representing a year-on-year increase of 0.24%[4] - Net profit attributable to shareholders was ¥38,199,498.06, reflecting a significant increase of 30.05% compared to the same period last year[4] - The basic earnings per share (EPS) was ¥0.53, which is an increase of 32.50% year-on-year[4] - The total profit for Q1 2022 reached ¥45,080,931.62, up from ¥34,555,856.31 in the same period last year, reflecting a growth of 30.4%[21] - Operating profit for Q1 2022 was ¥43,391,485.04, compared to ¥34,655,856.31 in Q1 2021, indicating a year-over-year increase of 25.3%[21] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to be higher than the previous year, although specific figures were not disclosed in the provided content[19] Research and Development - Research and development (R&D) expenses totaled ¥5,177,816.98, accounting for 4.14% of operating revenue, an increase of 0.62 percentage points[6] - Research and development expenses for Q1 2022 were ¥5,177,816.98, an increase from ¥4,388,516.17 in Q1 2021, reflecting a focus on innovation[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,714,602,815.45, an increase of 3.64% from the end of the previous year[6] - Current assets totaled RMB 1,328,999,394.43 as of March 31, 2022, compared to RMB 1,306,039,195.54 at the end of 2021, showing an increase of about 1.45%[15] - Total assets reached RMB 1,714,602,815.45 as of March 31, 2022, up from RMB 1,654,417,061.23 at the end of 2021, marking a growth of approximately 3.03%[17] - Total liabilities amounted to RMB 461,915,309.16 as of March 31, 2022, compared to RMB 440,097,815.84 at the end of 2021, indicating an increase of about 4.00%[17] - Shareholders' equity was RMB 1,252,687,506.29 as of March 31, 2022, up from RMB 1,214,319,245.39 at the end of 2021, reflecting a growth of approximately 3.14%[17] Cash Flow - The net cash flow from operating activities was ¥20,346,751.54, which is not applicable for year-on-year comparison[4] - The cash flow from operating activities for Q1 2022 was ¥20,346,751.54, a significant improvement from a negative cash flow of ¥6,604,106.91 in Q1 2021[23] - The company reported cash inflows from investment activities of ¥590,325,310.70 in Q1 2022, compared to ¥572,120,952.60 in Q1 2021[24] - The net cash flow from investment activities for Q1 2022 was -¥65,862,387.79, worsening from -¥291,427.44 in Q1 2021[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,708[10] - The top shareholder, Zhang Yi, holds 39,600,000 shares, representing 54.45% of the total shares[10] Operating Costs - Total operating costs for Q1 2022 were RMB 86,147,201.46, down from RMB 86,757,239.32 in Q1 2021, indicating a decrease of about 0.70%[19] - Operating costs specifically amounted to RMB 71,536,377.83 in Q1 2022, compared to RMB 70,922,494.46 in Q1 2021, reflecting an increase of approximately 0.87%[19] Inventory and Cash Equivalents - Cash and cash equivalents were RMB 516,035,429.50 as of March 31, 2022, down from RMB 566,626,127.28 at the end of 2021, representing a decrease of about 8.89%[15] - Inventory increased to RMB 258,639,245.16 as of March 31, 2022, compared to RMB 239,840,238.38 at the end of 2021, indicating a growth of approximately 7.83%[15]

Financial Performance - The company achieved operating revenue of CNY 514,516,750.25, a decrease of 8.05% compared to the previous year[33]. - Net profit attributable to shareholders was CNY 121,851,130.40, down 19.62% year-on-year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 100,255,328.21, a decrease of 26.72% compared to the previous year[33]. - The company's total assets increased by 91.23% to CNY 1,654,417,061.23 compared to the end of 2020[21]. - The net assets attributable to shareholders increased by 104.45% to CNY 1,214,319,245.39 compared to the end of 2020[21]. - Basic earnings per share decreased by 35.61% to CNY 1.79[22]. - The weighted average return on equity decreased by 16.65 percentage points to 11.69%[22]. - The company reported a negative cash flow from operating activities of CNY -51,487,979.58, a decrease of 138.49% compared to the previous year[21]. - The gross margin for the graphite equipment segment decreased by 5.48 percentage points to 39.25%[99]. - Revenue from the chemical industry segment was ¥38,482.12 million, with a gross margin of 43.86%, down 2.50 percentage points year-on-year[99]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling approximately 14,546,666.80 RMB, which accounts for 11.94% of the net profit attributable to shareholders for 2021[6]. - The company plans to distribute a cash dividend of 6.9 yuan per 10 shares, totaling approximately 50.19 million yuan for the 2020 fiscal year, representing a cash dividend ratio of 33.11%[162]. Research and Development - The proportion of R&D investment to operating revenue increased by 2.25 percentage points to 8.10%[22]. - The company has increased its R&D investment by 27.32% year-on-year, totaling approximately ¥41.69 million, which now accounts for 8.10% of its operating revenue[67]. - The company has filed for 23 new intellectual property rights during the reporting period, including 8 invention patents and 15 utility model patents, bringing the total to 286[65]. - The company is committed to continuous R&D investment, aiming to enhance its product innovation and technical breakthroughs, while collaborating with various research institutions[35]. - The company is focusing on energy-saving and environmental protection technologies, aiming to transition to a green manufacturing system solution provider[74]. Market and Product Development - The company continues to focus on the development and application of graphite equipment in the chemical and environmental protection industries[33]. - The company is actively exploring new markets, achieving breakthroughs in the application of graphite equipment in industrial phosphoric acid and lithium battery upstream fields, including collaborations with several chemical companies[36]. - The company is focusing on expanding its market presence through new product development and technological advancements in graphite materials[47]. - The company’s key products, such as high-efficiency heat exchangers, are expected to gradually replace conventional products due to increasing demands for energy conservation and emission reduction[48]. - The company is developing a phosphoric acid concentration graphite evaporator to utilize low-grade phosphate ore, improving corrosion resistance and extending the lifespan of equipment compared to traditional enamel reactors[129]. Governance and Compliance - The company has established a governance structure that complies with the requirements of the Company Law and Securities Law[134]. - The board of directors consists of 9 members, including 3 independent directors, and held 6 meetings during the reporting period, all of which complied with relevant regulations[135]. - The company adheres to information disclosure regulations, ensuring transparency and equal access to information for all shareholders[135]. - The company has not faced any penalties from securities regulatory authorities in the past three years[147]. - The company has not reported any issues regarding independence or self-operating capabilities in relation to its controlling shareholders[136]. Environmental and Social Responsibility - The company emphasizes the importance of green manufacturing and aims to reduce coal consumption by over 3,800 tons and CO2 emissions by approximately 11,000 tons through its new synthesis furnace technology[34]. - The company has established a comprehensive environmental management system, issuing over 15 regulations related to hazardous waste management and pollution control[172]. - The company actively participates in public welfare initiatives, including support for flood relief efforts in Henan, and has implemented strict COVID-19 prevention measures, resulting in a zero infection rate among employees during the reporting period[183]. - The company has made a total donation of 300,000 yuan to the Rugao Charity Foundation during the reporting period[176]. Risks and Challenges - The company faces risks related to new product development, which may not meet expectations due to various uncertainties, potentially impacting profitability[78]. - The fluctuation in raw material prices significantly affects the company's operating costs, as raw material costs constitute a major portion of the business expenses[81]. - The company anticipates challenges in maintaining high gross margins due to potential increases in raw material prices and labor costs[82]. - The company is exposed to risks from outsourcing processing, which may increase costs and affect overall operations if prices rise[85]. Employee and Talent Management - The company focuses on talent development and has implemented systematic training programs to enhance its management and innovation capabilities, including the "New Star Plan" and "Eagle Plan" initiatives[38]. - The total number of employees in the parent company is 485, with 333 in production, 21 in sales, 70 in technical roles, 11 in finance, and 50 in administration[159]. - The company has established a comprehensive training system to enhance employee capabilities, including internal and external training programs[161]. - Employee compensation is structured to attract and retain top talent, with a focus on performance-based incentives[145]. Strategic Initiatives - The company is constructing a wholly-owned subsidiary in Inner Mongolia to produce graphite raw materials, with a total planned area of 143,936 square meters, aiming to enhance international competitiveness in high-end graphite equipment by 2023[128]. - The company is focusing on integrating delivery models and system integration development, transitioning from single product manufacturing to comprehensive engineering and integrated system supply[58]. - The company is committed to improving information disclosure transparency in accordance with regulatory requirements, ensuring timely and accurate communication with investors[132].

Financial Performance - The company's operating revenue for Q3 2021 was ¥128,546,504.84, representing a year-on-year increase of 17.28%[5] - The net profit attributable to shareholders for the same period was ¥32,651,690.80, reflecting a significant increase of 52.52% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥25,542,936.05, which is an increase of 21.83% year-on-year[5] - Total operating revenue for the first three quarters of 2021 reached ¥373,797,721.59, an increase from ¥330,542,100.31 in the same period of 2020, representing a growth of approximately 13.04%[19] - Net profit for the first three quarters of 2021 was ¥86,473,143.98, up from ¥71,349,671.12 in the same period of 2020, reflecting a growth of approximately 21.23%[22] - Earnings per share for the first three quarters of 2021 were ¥1.36, slightly higher than ¥1.31 in the same period of 2020[23] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,581,683,401.41, marking an 82.82% increase compared to the end of the previous year[6] - Total assets as of the end of the third quarter of 2021 amounted to ¥1,581,683,401.41, a significant increase from ¥865,151,038.59 at the end of the previous year[17] - Total liabilities at the end of the third quarter of 2021 were ¥400,456,608.96, compared to ¥271,200,188.03 at the end of the previous year, showing an increase of approximately 47.7%[17] - The company’s total equity as of the end of the third quarter of 2021 was ¥1,181,226,792.45, compared to ¥593,950,850.56 at the end of the previous year, representing an increase of about 99.0%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period was 4,487[12] - The company has a total of 3,180,000 unrestricted circulating shares held by major shareholders[13] - The top ten shareholders collectively hold a significant portion of the company's shares, indicating concentrated ownership[13] Research and Development - Research and development expenses totaled ¥12,658,410.47, accounting for 9.85% of operating revenue, a decrease of 1.21 percentage points from the previous year[6] - The company’s research and development expenses for the first three quarters of 2021 were ¥29,833,054.37, compared to ¥25,472,955.14 in the same period of 2020, indicating an increase of approximately 17.5%[21] Cash Flow - The cash flow from operating activities showed a negative net amount of -¥31,792,332.67 for the year-to-date, a decrease of 131.86% compared to the previous year[6] - The net cash flow from operating activities in Q3 2021 was -$31.79 million, a significant decline from $99.79 million in Q3 2020[26] - The total cash and cash equivalents at the end of Q3 2021 were $24.53 million, a decrease from $131.94 million at the end of Q3 2020[27] - The company reported cash and cash equivalents of ¥42,497,734.47 as of September 30, 2021, down from ¥163,830,286.36 at the end of 2020[15] Operational Strategy - The company has not reported any significant changes in its operational strategies during the reporting period[14] - The company is focusing on expanding its market presence and enhancing product offerings[14] Non-Recurring Gains - The company reported non-recurring gains of ¥7,108,754.75 for the year-to-date, down from ¥12,615,039.42 in the previous year[10] - The increase in net profit was primarily attributed to higher operating revenue and increased investment income[10]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year increase of 15%[11]. - The net profit for the period was 300 million RMB, which is a 20% increase compared to the same period last year[11]. - The company's operating revenue for the first half of the year reached ¥245,251,216.75, representing an 11.00% increase compared to the same period last year[18]. - Net profit attributable to shareholders was ¥53,821,453.18, up 7.77% year-over-year, while the net profit excluding non-recurring gains and losses was ¥48,315,168.51, reflecting a 6.26% increase[18]. - The company achieved a significant increase in R&D investment, totaling approximately ¥17.17 million, representing a 28.56% increase compared to the previous period[46]. - The company achieved a total revenue of 3,900 million RMB, with a net profit of 1,717.46 million RMB for the first half of 2021[48]. - The company reported a significant increase in contract liabilities by 44.74% to CNY 144.60 million, attributed to increased sales contracts[84]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2022[11]. - The company is actively exploring markets in environmental waste acid treatment and industrial high-temperature incineration[52]. - The company is focusing on product innovation and has increased R&D investment in high-efficiency energy-saving graphite devices[55]. - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[182]. Research and Development - The company has allocated 200 million RMB for research and development in new technologies over the next two years[11]. - Research and development expenses accounted for 7.00% of operating revenue, an increase of 0.95 percentage points compared to the same period last year[18]. - The company has developed advanced technologies, including a high-efficiency energy-saving all-graphite hydrochlorination synthesis and waste heat utilization integrated device, recognized as a major technological equipment in Jiangsu Province for 2020[28]. - The company is actively increasing R&D investment to enhance technological innovation capabilities and brand influence, aiming to solidify and elevate its market position in the graphite equipment sector[28]. - The company has a total of 148 authorized patents, including 38 invention patents, reflecting its commitment to technological advancement[44]. Product Development and Innovation - New product development includes the launch of a high-performance graphite material, expected to generate an additional 100 million RMB in revenue annually[11]. - The company is focusing on improving the mechanical strength, thermal conductivity, and corrosion resistance of graphite materials through impregnation processes, which will better serve downstream customers[30]. - The company has developed three grades of graphite materials: XQ-G-N, XQ-G-FP, and XQ-G-IP, with bending strength of 9.75 MPa, 11.20 MPa, and 40.72 MPa respectively, showcasing significant advancements in material properties[37]. - The company’s graphite synthesis furnace is a key device in the chlor-alkali industry, utilizing hydrogen and chlorine for efficient production of hydrochloric acid[33]. Operational Efficiency and Cost Management - The gross margin improved to 40%, up from 35% in the previous year, due to cost optimization strategies[11]. - The company has implemented a waste acid recycling technology that reduces environmental pollution while producing high-purity hydrochloric acid[41]. - The company’s multi-effect evaporation system enhances resource recovery from waste acid, significantly improving energy utilization rates[34]. - The company is transitioning towards an integrated service provider model, acting as both a general contractor and subcontractor in project execution[31]. Financial Health and Risks - The net cash flow from operating activities was negative at -¥7,132,192.11, a significant decrease of 108.08% compared to the previous year[18]. - The company has identified potential risks related to supply chain disruptions and is actively working on mitigation strategies[11]. - The company’s accounts receivable are increasing due to sales growth, which may lead to risks of bad debts if economic conditions worsen[77]. - The company faces risks in new product development due to high demands from downstream industries like chlor-alkali and pesticides, which may affect profitability if new products do not meet performance or cost expectations[63]. Corporate Governance and Shareholder Information - The company successfully listed on the Sci-Tech Innovation Board on March 24, 2021, with an issue price of 33.62 CNY per share and a total of 18.183334 million shares issued[61]. - The company commits to not transferring or entrusting the management of its shares for 12 months post-IPO, and will not repurchase these shares during this period[102]. - The company has not reported any changes in major shareholders or strategic investors during the reporting period[154]. - The top shareholder, Zhang Yi, holds 39,600,000 shares, representing 54.45% of the total shares[147].

Financial Performance - Operating revenue for the period reached CNY 124,825,039.21, representing a growth of 53.91% year-on-year[7]. - Net profit attributable to shareholders of the listed company was CNY 29,372,477.86, up 31.08% from the same period last year[7]. - The net profit after deducting non-recurring gains and losses increased by 36.37% to CNY 29,537,805.90[7]. - The company's operating profit for Q1 2021 was CNY 34,655,856.31, an increase from CNY 26,267,656.61 in Q1 2020[30]. - Net profit for Q1 2021 was CNY 38,067,799.89, compared to CNY 24,930,560.96 in Q1 2020, representing a growth of 53%[29]. - The total comprehensive income for Q1 2021 was CNY 29,372,477.86, up from CNY 22,408,432.19 in Q1 2020[31]. Assets and Liabilities - Total assets increased by 70.34% to CNY 1,473,695,256.99 compared to the end of the previous year[7]. - Total assets as of March 31, 2021, amounted to CNY 1,486,683,016.64, significantly higher than CNY 857,873,495.64 at the end of 2020[26]. - Total liabilities as of March 31, 2021, were CNY 297,346,361.00, compared to CNY 254,833,112.21 at the end of 2020, indicating an increase of 17%[26]. - The company’s capital reserve increased to CNY 869,284,884.27 as of March 31, 2021, compared to CNY 331,163,661.20 at the end of 2020, indicating a growth of 162%[26]. - Contract liabilities rose by 36.73% to CNY 136,600,632.70, reflecting an increase in customer prepayments[13]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 6,604,106.91, compared to CNY 34,171,738.28 in the same period last year[7]. - The cash flow from operating activities for Q1 2021 was negative at CNY -6,604,106.91, compared to a positive CNY 34,171,738.28 in Q1 2020[36]. - The company reported a net cash flow from investment activities of -2,291,427.44 RMB, compared to -9,049,094.41 RMB in Q1 2020, indicating an improvement[40]. - The net cash flow from financing activities was 560,440,875.81 RMB, with cash inflow from investment received amounting to 568,723,409.14 RMB[40]. - The total cash and cash equivalents at the end of Q1 2021 reached 715,654,020.33 RMB, up from 98,509,529.39 RMB at the end of Q1 2020[40]. Shareholder Information - The total number of shareholders reached 10,663 by the end of the reporting period[11]. - The largest shareholder, Zhang Yi, holds 54.45% of the shares, totaling 39,600,000 shares[11]. Research and Development - Research and development expenses accounted for 3.52% of operating income, a decrease of 1.76 percentage points compared to the previous year[7]. - Research and development expenses for Q1 2021 were CNY 4,388,516.17, slightly up from CNY 4,044,076.51 in Q1 2020[33]. Market Strategy - The company has not disclosed any significant new product developments or market expansion strategies in this report[12]. - The company plans to continue expanding its market presence and developing new products to sustain growth in the upcoming quarters[17].

Financial Performance - The company's operating revenue for 2020 was CNY 559,568,407.11, representing a year-on-year increase of 16.34% compared to CNY 480,965,203.56 in 2019[20]. - The net profit attributable to shareholders of the listed company for 2020 was CNY 136,805,637.17, an increase of 11.66% from CNY 122,521,402.41 in 2019[20]. - The net cash flow from operating activities reached CNY 133,768,263.99, showing a significant increase of 74.92% compared to CNY 76,474,683.67 in 2019[20]. - The total assets at the end of 2020 were CNY 865,151,038.59, which is a 7.26% increase from CNY 806,590,670.51 at the end of 2019[20]. - The basic earnings per share for 2020 was CNY 2.78, reflecting a 24.11% increase from CNY 2.24 in 2019[21]. - The weighted average return on equity for 2020 was 28.34%, slightly down from 28.90% in 2019[21]. - The company achieved operating revenue of 559.57 million yuan, an increase of 16.34% year-on-year[75]. - Operating profit and total profit were 167.52 million yuan and 175.95 million yuan, respectively, representing year-on-year increases of 17.05% and 23.26%[75]. - Net profit attributable to shareholders was 151.59 million yuan, up 23.79% year-on-year[75]. - Operating costs increased to CNY 305.55 million, a year-on-year increase of 28.69%[92]. - The gross profit margin for the reporting period was 45.47%[95]. Dividend Policy - The company plans to distribute a cash dividend of 6.9 yuan per 10 shares, totaling approximately 50.19 million yuan (including tax), representing a cash dividend payout ratio of 33.11%[4]. - The cash dividend policy stipulates that the total cash dividend (including interim dividends) should not be less than 10% of the net profit attributable to shareholders in the annual report period[132]. - In 2020, the company distributed a cash dividend of 6.9 RMB per 10 shares, with a payout ratio of 33.11% of the net profit attributable to shareholders[134]. - In 2019, the cash dividend was 7.3 RMB per 10 shares, with a payout ratio of 32.66% of the net profit attributable to shareholders[134]. - In 2018, the cash dividend was 5.5 RMB per 10 shares, with a significantly higher payout ratio of 60.40% of the net profit attributable to shareholders[134]. Research and Development - The R&D expenditure as a percentage of operating revenue was 5.85% in 2020, up from 5.22% in 2019, indicating a focus on innovation[21]. - The company increased its R&D investment by 30.34% year-on-year, totaling approximately 32.75 million RMB, which represents 5.85% of its operating revenue[57]. - The company’s R&D efforts focus on improving the pressure resistance and temperature tolerance of graphite materials, enhancing their market competitiveness[53]. - The company has filed for 27 new patents during the reporting period, bringing the total number of patents to 264, including 89 invention patents[55]. - The company has established several provincial engineering technology research centers and has participated in the formulation of 16 national and industry standards, showcasing its strong technical capabilities[43]. - The company’s innovative technologies have been included in the National Industrial Energy Conservation Technology Application Guide, highlighting their role as a demonstration case for energy-saving technologies[48]. - The company is committed to enhancing its research and development capabilities to support the marketization of ongoing projects and maintain industry leadership[127]. Market Position and Strategy - The company has been recognized as a national champion in manufacturing and a pioneer in specialized and innovative small giant enterprises, indicating strong market positioning and capabilities[31]. - The company is a leading supplier of graphite equipment in China, holding the largest market share for composite by-product steam graphite hydrochloric acid synthesis furnaces for the past three years[42]. - The company plans to continue its market expansion and product development strategies to sustain growth in the coming years[19]. - The company is exploring integrated delivery models for its graphite equipment systems, transitioning from a single product manufacturer to a comprehensive system supplier[47]. - The company has established stable business relationships with major clients in the chlor-alkali and chemical industries, enhancing its brand reputation[66]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm[4]. - The company has not violated decision-making procedures for providing guarantees[7]. - The company has not faced any issues with more than half of the directors being unable to guarantee the authenticity, accuracy, and completeness of the annual report[7]. - The company guarantees that the prospectus and other information disclosure materials do not contain false records, misleading statements, or significant omissions, and will bear legal responsibility for their authenticity, accuracy, and completeness[152]. - The company has committed to publicly disclose any unfulfilled commitments and apologize to shareholders if such situations arise[163]. - The company has maintained a strict governance structure and internal control system, ensuring compliance with relevant laws and regulations[175]. Environmental and Social Responsibility - The company has contributed a total of RMB 30,000 to charity for pandemic relief and local economic support during 2020[180]. - The company has been recognized as a strategic emerging industry standardization pilot project for energy-saving and environmentally friendly graphite equipment[179]. - The company is committed to energy efficiency, utilizing by-product steam from the synthesis process to improve energy utilization rates[34]. - The company’s waste acid recovery technology effectively reduces environmental pollution by recycling waste hydrochloric acid into high-purity hydrochloric acid for production[53]. - The company is responding to increasing environmental and energy efficiency demands in downstream industries by developing high-efficiency, energy-saving equipment[125]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which significantly impact operating margins[80]. - The company has faced risks related to new product development and potential core technology leakage, which could impact its long-term growth[78]. - The company is expanding its production capacity for graphite raw materials, which carries a degree of uncertainty[81]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7, with a previous total of 10,663[185]. - The top shareholder, Zhang Yi, holds 39,600,000 shares, representing 72.59% of the total shares[188]. - The second largest shareholder, Qian Shujuan, owns 9,200,000 shares, accounting for 16.87%[188]. - The shares held by major shareholders are subject to lock-up periods, with Zhang Yi and Qian Shujuan's shares being locked for 36 months from the listing date[190]. - The company has no strategic investors or general legal entities among the top ten shareholders due to the absence of new share placements[191].