Financial Performance - The company's operating revenue for 2021 was ¥17,553,419,112.71, representing a 65.69% increase compared to ¥10,593,850,771.90 in 2020[11]. - The net profit attributable to shareholders for 2021 was ¥1,035,599,088.75, a 56.49% increase from ¥661,761,423.40 in 2020[11]. - The net profit after deducting non-recurring gains and losses was ¥387,441,388.95, a significant recovery from a loss of ¥216,150,189.55 in 2020, marking a 279.25% improvement[11]. - The total assets at the end of 2021 were ¥37,073,195,202.73, reflecting a 16.38% increase from ¥31,856,615,637.93 at the end of 2020[12]. - The net assets attributable to shareholders increased by 15.58% to ¥8,000,289,198.35 at the end of 2021, up from ¥6,921,863,094.11 at the end of 2020[12]. - The basic and diluted earnings per share for 2021 were both ¥0.4015, a 56.47% increase from ¥0.2566 in 2020[12]. - The company reported a total of ¥648,157,699.80 in non-recurring gains for 2021, compared to ¥877,911,612.95 in 2020[17]. - The company's cash flow from operating activities showed a net outflow of ¥279,272,690.50 in 2021, a decline of 142.63% from a positive cash flow of ¥655,142,169.90 in 2020[12]. Dividend Distribution - The company plans to distribute a cash dividend of 0.35 yuan per 10 shares to all shareholders, based on a total of 2,579,213,965 shares[2]. - The total distributable profit for 2021 was CNY 561,274,285.50 after accounting for the cash dividend of CNY 77,376,418.95 distributed for the 2020 fiscal year[111]. - The cash dividend represents 100% of the total distributable profit of CNY 561,274,285.50[114]. Business Operations and Strategy - The company reported significant changes in its business scope, focusing on high-tech industries such as new materials and renewable energy since 2014[9]. - The company is focusing on high-tech industries, including new energy materials and biomedicine, aligning with national strategic initiatives for sustainable development[18]. - The company aims to enhance its operational capabilities in strategic emerging industries, particularly in new materials and precision manufacturing, to drive future growth[18]. - The company is actively expanding its real estate business across various regions, including Guangdong, Hainan, and Tianjin[23]. - The company is committed to exploring new development models in the real estate market, including rental and purchase options to meet housing demands[19]. - The company is focused on improving operational efficiency and profitability through inventory reduction and sales promotion strategies in the real estate sector[27]. Research and Development - R&D expenses surged by 85.19% to ¥807,125,218.97, reflecting the company's commitment to increasing R&D investment[47]. - The company increased its R&D personnel from 920 in 2020 to 1,247 in 2021, representing a growth of 35.54%[50]. - R&D investment reached ¥811,884,198 in 2021, up 84.94% from ¥438,998,486.55 in 2020, with R&D expenditure accounting for 4.63% of operating revenue[52]. - The company is developing new battery materials, including high-nickel cathode materials and silicon-based anode materials, to enhance product performance and market competitiveness[48]. Corporate Governance - The company has established a comprehensive governance structure, including a board of directors and supervisory committee, to ensure compliance and operational integrity[79]. - The company is committed to maintaining high standards of corporate governance and transparency in its operations[86]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 45.75 million yuan[95]. - The company has established a management system for foreign exchange derivative trading to mitigate risks associated with foreign exchange and interest rate fluctuations[68]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating a commitment to environmental responsibility[124]. - The total wastewater discharge in 2021 was 101,745 tons, while the total gas emissions reached 126,972 million cubic meters, reflecting the company's operational scale and environmental impact[124]. - Betterray New Materials Group Co., Ltd. conducts quarterly third-party monitoring of wastewater and annual monitoring of air emissions[129]. Market Position and Shareholder Structure - The company is a leading player in the lithium-ion battery anode material industry, with a complete industrial chain and significant market share globally[20]. - The company has a diverse shareholder structure, with significant holdings from various domestic and foreign entities[162]. - The top two shareholders are Shaoguan High-tech Enterprise Management Co., Ltd. and Shenzhen Fu'an Holdings Co., Ltd., holding 13.64% and 6.45% of the total shares respectively[166]. - The company has no controlling shareholder or actual controller, ensuring a diversified ownership structure[167]. Financial Management - The company has implemented risk control measures to prevent speculative trading in foreign exchange derivatives[68]. - The company has not provided any guarantees for shareholders, actual controllers, or related parties during the reporting period[150]. - The company has not engaged in any entrusted loan activities during the reporting period[152]. Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[199]. - Future guidance indicates a positive outlook with expected revenue growth driven by strategic initiatives and market expansion efforts[199].

Financial Performance - The company's revenue for Q3 2021 reached ¥4,145,675,859.90, representing a year-on-year increase of 39.97%[3] - Net profit attributable to shareholders decreased by 45.08% to ¥212,135,938.56 for the quarter, while year-to-date net profit increased by 71.13% to ¥892,569,119.10[3] - The net profit excluding non-recurring gains and losses surged by 514.74% to ¥106,518,979.71 in Q3 2021, with a year-to-date increase of 407.95% to ¥370,575,346.70[3] - The operating revenue for the year-to-date period reached CNY 12.17 billion, a 75.37% increase compared to CNY 6.94 billion in the same period last year[7] - Net profit for the period was CNY 1,518,199,059.99, compared to CNY 818,893,958.08 in the same period last year, reflecting a growth of about 85.5%[17] - Total sales revenue for the period reached CNY 9,684,743,048.05, compared to CNY 7,171,586,720.70 in the previous year, marking a growth of 35%[19] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥34,365,441,991.24, reflecting a 7.88% increase compared to the end of the previous year[3] - The total liabilities increased to CNY 19,137,249,580.62 from CNY 18,611,186,207.17, indicating a rise of approximately 2.8%[15] - The total equity attributable to shareholders of the parent company rose to CNY 7,757,861,994.23, up from CNY 6,921,863,094.11, marking an increase of about 12.1%[15] - The company's current assets totaled approximately CNY 22.85 billion, up from CNY 21.17 billion in the previous year, indicating an increase of around 7.93%[13] - The total current liabilities were CNY 11,554,416,639.73, a decrease of CNY 70,069,137.66 compared to the previous period[23] Cash Flow - The company reported a net cash flow from operating activities of -¥83,707,237.40, indicating a decline of 111.47% year-to-date[3] - The net cash flow from operating activities was negative CNY 83,707,237.40, compared to a positive CNY 729,783,601.53 in Q3 2020[19] - Cash inflow from investment activities totaled CNY 5,181,886,020.16, up from CNY 3,732,030,802.52 year-on-year[19] - Net cash flow from investment activities was negative CNY 521,102,961.21, an improvement from negative CNY 658,168,873.99 in the previous year[19] - Net cash flow from financing activities was negative CNY 575,192,826.33, compared to a positive CNY 625,456,745.34 in the same quarter last year[20] Investments and Projects - The company acquired 100% equity of Sichuan Jinbei New Materials Co., Ltd. to invest in a 50,000-ton high-end artificial graphite anode material project[10] - The company signed a cooperation agreement to establish a joint venture for the production of an annual capacity of 100,000 tons of lithium battery anode materials[11] - A new project for the production of high-performance lithium-ion batteries with an annual capacity of 40,000 tons was initiated in Xiangyang High-tech Zone[11] - The company plans to invest in a joint venture to produce high-nickel ternary cathode materials with an annual capacity of 50,000 tons[11] Research and Development - R&D expenses surged to CNY 516.27 million, an 85.61% increase from CNY 278.15 million, indicating a heightened investment in research activities[7] - Research and development expenses for the period amounted to CNY 516,272,570.49, compared to CNY 278,151,214.79 in the previous period, showing an increase of approximately 85.7%[16] Shareholder Information - The company’s major shareholders include Shaoguan High-tech Enterprise Management Co., Ltd. with a 13.41% stake and Shenzhen Fu'an Holdings Co., Ltd. with a 6.91% stake[8] Other Financial Metrics - The weighted average return on equity was 2.77%, down by 3.30% compared to the previous year[3] - The company's basic earnings per share was CNY 0.3461, compared to CNY 0.2022 in the previous period, indicating an increase of approximately 71.2%[17] - The total cost of operations was CNY 11,019,287,759.11, up from CNY 6,661,030,323.42, reflecting an increase of about 65.5%[16] Miscellaneous - The company has not audited the third-quarter report[24] - The report indicates that the new leasing standards were not applicable for the company[24]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 8,020,873,381.63, representing a 101.73% increase compared to CNY 3,975,994,699.66 in the same period last year[12]. - The net profit attributable to shareholders of the listed company reached CNY 680,433,180.54, a significant increase of 402.95% from CNY 135,287,660.25 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was CNY 264,056,366.99, compared to a loss of CNY 94,653,222.36 in the same period last year, marking a 378.97% improvement[12]. - The basic earnings per share increased to CNY 0.2638, up 402.48% from CNY 0.0525 in the previous year[12]. - The total assets of the company at the end of the reporting period were CNY 33,050,831,985.78, reflecting a 3.75% increase from CNY 31,856,615,637.93 at the end of the previous year[12]. - The net assets attributable to shareholders of the listed company increased to CNY 7,511,538,917.03, an 8.52% rise from CNY 6,921,863,094.11 at the end of the previous year[12]. - The weighted average return on net assets was 9.39%, an increase of 6.98% compared to 2.41% in the previous year[12]. - The company achieved total operating revenue of 804,832.19 million CNY in the first half of 2021, a year-on-year increase of 100.60%[17]. - The company's net profit attributable to shareholders reached 68,043.32 million CNY, reflecting a significant growth of 402.95% compared to the previous year[17]. Segment Performance - The high-tech industry segment generated sales revenue of 489,611.71 million CNY, up 126.26% year-on-year, with total profit increasing by 270.33% to 95,901.72 million CNY[18]. - The subsidiary BetterRay reported operating revenue of 420,698.65 million CNY, a year-on-year increase of 168.83%, and net profit of 73,040.86 million CNY, up 232.45%[19]. - The biopharmaceutical segment achieved sales revenue of CNY 1,899.94 million, a year-on-year increase of 59.57%, and a total profit of CNY 307.02 million, up 8.52%[21]. - The subsidiary Mayinglong reported sales revenue of CNY 1,668.48 million, representing a 70.07% year-on-year growth, with a net profit of CNY 254.79 million, an increase of 8.30%[21]. - The real estate segment generated sales revenue of CNY 1,051.05 million, a significant year-on-year increase of 138.41%, but total profit decreased by 36.25% to CNY 124.69 million[23]. Cash Flow and Investments - The net cash flow from operating activities was CNY 164,895,605.08, a decrease of 34.10% compared to CNY 250,205,786.73 in the same period last year[12]. - The company reported a net cash inflow from investment activities of ¥601,532,381.05, a substantial increase of 630.27% due to the disposal of subsidiaries[31]. - The net cash flow from investment activities was RMB 601,532,381.05, a recovery from a negative cash flow of RMB -113,439,697.44 in the same period last year[119]. - Cash inflow from investment activities totaled RMB 4,166,722,960.81, compared to RMB 2,943,347,827.16 in the first half of 2020, showing a strong performance in investment recovery[119]. Strategic Initiatives - The company plans to enhance its core competitiveness by concentrating resources on key businesses and optimizing asset structures[19]. - The company is actively pursuing market expansion and strategic acquisitions to enhance its operational capabilities and efficiency[19]. - The company’s real estate sector is focusing on inventory reduction and sales promotion to improve operational efficiency amid tightening market regulations[16]. - The company is involved in urban renewal projects in Shenzhen, which are currently in the planning and approval stages[24]. Legal Matters - The company is pursuing a lawsuit against Shenzhen Huahaoyuan Investment Co., Ltd. for RMB 52.43 million related to a real estate project dispute, with a counterclaim of RMB 35.79 million from the latter[71]. - The company is currently involved in multiple legal proceedings related to debt recovery, with some cases still under trial[72]. - The company is actively involved in legal disputes to protect its financial interests and recover outstanding debts[73]. Environmental and Social Responsibility - The wastewater treatment station of Betterray New Materials Group operates normally with no exceedance of discharge standards[64]. - The company has implemented effective measures for dust pollution control, including road hardening and vehicle covering[64]. - The company has achieved zero wastewater discharge through the design of water recycling systems[64]. - The company is committed to improving product quality and safety, addressing risks associated with raw material procurement and production processes in the biopharmaceutical sector[55]. Financial Management - The company has not provided guarantees for any entities with a debt ratio exceeding 70%[88]. - The actual guarantee amount at the end of the reporting period was 38,230.69 million RMB, accounting for 5.09% of the company's net assets[88]. - The total amount of entrusted financial management reached 146,609,000 RMB, with an outstanding balance of 13,950,000 RMB[89]. - The company has not engaged in any high-risk entrusted financial management that could lead to potential losses[89]. Corporate Governance - The company does not have a controlling shareholder or actual controller[103]. - The financial report was approved on August 24, 2021, by the 14th Board of Directors' 26th meeting[136]. - The company adheres to the Chinese Accounting Standards and has prepared its financial statements based on the going concern assumption[138].

Financial Performance - The company's operating revenue for 2020 was CNY 10,593,850,771.90, a decrease of 11.34% compared to CNY 11,948,727,206.58 in 2019[17] - The net profit attributable to shareholders reached ¥661,761,423.40, an increase of 119.75% compared to the previous year[18] - The operating income for 2020 was ¥10,593,850,771.90, down from ¥11,948,727,206.58 in 2019[18] - The net cash flow from operating activities decreased by 51.03% to ¥655,142,169.90 from ¥1,337,727,570.11 in the previous year[18] - The basic earnings per share increased to ¥0.2566, a rise of 119.69% year-on-year[18] - Total assets increased by 5.45% to ¥31,856,615,637.93 compared to the end of 2019[18] - The net assets attributable to shareholders rose by 25.06% to ¥6,921,863,094.11 from ¥5,534,993,365.67 in 2019[18] - The total revenue for the group in 2020 was CNY 1,066,351.28 million, a decrease of 11.17% compared to the previous year[39] - The net profit attributable to the parent company's shareholders reached CNY 66,176.14 million, an increase of 119.75% year-on-year[39] Dividends and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of CNY 0.30 per 10 shares, based on a total of 2,579,213,965 shares[5] - In 2020, the total cash dividend amounted to 77,376,418.95 yuan, representing 11.69% of the net profit attributable to ordinary shareholders[104] - The total distributable profit for 2020 was CNY 462,675,148.36, with a cash dividend distribution amounting to CNY 77,376,418.95, representing 100% of the profit distribution[107] Risk Management and Compliance - The company has outlined potential risk factors and corresponding countermeasures in its annual report, particularly in the section discussing future development prospects[5] - The company has implemented measures to enhance risk management and operational efficiency in response to industry policy risks in the high-tech sector[94] - The company emphasizes product quality and safety, implementing strict quality management systems to mitigate risks[96] - The company has not reported any fundraising activities during the reporting period[81] Business Operations and Strategy - The company operates in various sectors including new materials, new energy materials, and modern biomedicine, reflecting its diversification strategy[16] - The company continues to focus on high-tech industries, including new materials and new energy vehicles, as part of its strategic development[27] - The company is actively involved in military communications and aerospace lightweight materials production, showcasing its diverse business portfolio[29] - The company is actively promoting urban renewal projects in Shenzhen, in collaboration with partners, in response to the latest government policies[44] - The company plans to distribute a cash dividend of 0.30 yuan per 10 shares for the 2020 fiscal year, based on a total share capital of 2,579,213,965 shares[101] Subsidiaries and Investments - The subsidiary Beiterui is a leading global producer of lithium-ion battery anode materials, indicating strong market positioning[29] - The group has successfully listed five subsidiaries on the New Third Board, enhancing direct financing channels[36] - The company added six subsidiaries to its consolidation scope due to equity acquisitions and capital increases during the reporting period[57] - The company disposed of 7 subsidiaries that were no longer included in the consolidated scope during the reporting period[113] Legal Matters and Disputes - The company is pursuing legal action to recover a total of 149.09 million RMB from three companies due to loan guarantees[117] - The company is involved in ongoing litigation regarding a land lease dispute, with a claim amount of 24.35 million RMB[117] - The company has initiated legal proceedings against a party for the payment of equity transfer fees totaling RMB 17.4572 million, along with interest of RMB 6.4592 million[118] - The company is actively managing its legal risks associated with various lawsuits and claims against it[118] Environmental and Social Responsibility - The wastewater treatment station of Better Re New Materials Group operates normally with no exceedance of discharge standards[155] - The company reported a total wastewater discharge of 12,517 tons/year, with a maximum allowable limit of 19,800 tons/year[154] - The company has made a total investment of CNY 5,000 in improving educational resources in impoverished areas[152] - The company is committed to fulfilling its social responsibility in precision poverty alleviation according to national plans[153] Management and Governance - The company has a strong management team with extensive experience in finance, real estate, and pharmaceuticals, including executives like He Dehua and Zhang Qu[197] - The board of directors includes independent directors with significant experience in accounting and auditing, ensuring robust governance practices[193] - The company has a commitment to corporate social responsibility, with executives involved in various philanthropic initiatives[189] - The company has a diverse leadership team with members holding significant positions in other organizations, which may enhance its strategic partnerships[199]

Financial Performance - The company's operating revenue for Q1 2021 was ¥3,701,038,124.21, representing a 129.33% increase compared to ¥1,613,873,154.09 in the same period last year[3] - Net profit attributable to shareholders for Q1 2021 was ¥190,270,285.88, a significant increase of 373.43% from ¥40,189,518.93 in the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥122,315,522.86, compared to a loss of ¥48,708,535.57 in the same period last year, marking a 351.12% improvement[3] - Basic earnings per share for Q1 2021 were ¥0.0738, a 373.08% increase from ¥0.0156 in the same period last year[3] - Operating revenue reached ¥3,701,038,124.21, up 129.33% compared to the previous year, driven by growth in high-tech, biomedicine, and real estate sectors[11] - Net profit attributable to shareholders was ¥190,270,285.88, reflecting a significant increase of 373.43% year-on-year, supported by substantial profits from subsidiaries in high-tech and real estate[11] - The total comprehensive income for the quarter was ¥347,963,619.25, compared to ¥122,975,526.42 in Q1 2020, reflecting an increase of about 183.5%[34] Cash Flow - The net cash flow from operating activities for Q1 2021 was ¥240,313,176.47, up 109.14% from ¥114,905,873.17 in the previous year[3] - The net cash flow from operating activities was ¥152,678,033.67, a significant improvement compared to the previous period's negative cash flow of -¥71,946,733.15[40] - Cash inflow from investment activities totaled ¥591,664,105.85, compared to ¥120,681,679.53 in the previous period, indicating a substantial increase[40] - The cash outflow from financing activities was ¥917,071,458.06, leading to a net cash flow from financing activities of -¥38,071,458.06, reflecting a decrease in cash availability[41] Assets and Liabilities - Total assets at the end of the reporting period were ¥32,232,577,933.05, reflecting a 1.18% increase from ¥31,856,615,637.93 at the end of the previous year[3] - Total liabilities reached ¥18,656,936,959.42, slightly up from ¥18,611,186,207.17, showing a marginal increase of about 0.25%[27] - Current liabilities rose to ¥11,981,363,982.60, compared to ¥11,554,416,639.73, indicating an increase of approximately 3.69%[27] - Total current assets as of March 31, 2021, were CNY 21,148.7 million, slightly down from CNY 21,167.8 million at the end of 2020[25] - The company's total assets amounted to ¥13,236,227,936.21, down from ¥13,531,757,430.33, indicating a decrease of approximately 2.2%[31] - Total liabilities decreased to ¥9,750,392,050.22 from ¥10,045,535,075.91 year-over-year, a reduction of about 2.9%[31] Investments - The company reported non-operating income and expenses totaling ¥67,954,763.02, with specific non-recurring gains including ¥160,741,378.74 from non-current asset disposals[4] - Investment income surged to ¥164,644,961.14, a 398.54% increase, attributed to the disposal of equity in subsidiaries and associates[11] - The company plans to acquire 100% equity of Sichuan Jinbei New Materials Co., Ltd. and invest in a 50,000-ton high-end artificial graphite anode material project[12] - A partnership with Shandong Jingyang Technology Co., Ltd. was established to invest in an integrated base for artificial graphite anode materials[12] Research and Development - Research and development expenses rose to ¥137,578,237.58, an increase of 83.45%, indicating a continued investment in new product development[11] - Research and development expenses increased to ¥137,578,237.58 from ¥74,994,308.20, marking an increase of about 83.5%[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 150,660[6] - The top three shareholders do not have any related party relationships or acting in concert, with the largest shareholder holding 10.00% of the shares[7] Financial Position - Owner's equity totaled ¥13,575,640,973.63, compared to ¥13,245,429,430.76, reflecting an increase of approximately 2.49%[28] - The company reported a net profit of ¥2,998,942,440.73 in retained earnings, up from ¥2,808,672,154.85, indicating a growth of about 6.77%[28] - The company's long-term equity investments decreased to ¥3,362,380,741.85 from ¥3,391,094,441.85, a decline of approximately 0.85%[30] Miscellaneous - The company has engaged in wealth management with a total amount of CNY 137.6 million, with an outstanding balance of CNY 98.8 million[21] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[22] - The company has established a management system for foreign exchange derivative trading to enhance risk management and control[20] - There were no major changes in the accounting policies related to foreign exchange derivatives compared to the previous reporting period[20] - The first quarter report was not audited, indicating preliminary financial data[48]

Dividend Distribution - The company plans to distribute a cash dividend of 0.30 CNY per 10 shares to all shareholders, based on a total of 2,579,213,965 shares[2] - For the 2020 fiscal year, the company plans to distribute a cash dividend of 0.30 CNY per 10 shares, pending shareholder approval[83] - The company distributed a cash dividend of 0.20 CNY per 10 shares for the 2019 fiscal year, totaling 77,376,418.95 CNY, which represents 11.69% of the net profit attributable to shareholders[79] - The company's net profit for 2020 was 661,761,423.40 CNY, with a total distributable profit of 462,675,148.36 CNY after accounting for previous dividends[82] - The company reported a cash dividend payout ratio of 11.69% for 2020, compared to 17.13% for 2019 and 20.11% for 2018[81] Financial Performance - The company's operating revenue for 2020 was ¥10,593,850,771.90, a decrease of 11.34% compared to ¥11,948,727,206.58 in 2019[14] - The net profit attributable to shareholders for 2020 was ¥661,761,423.40, representing a 119.75% increase from ¥301,136,296.48 in 2019[13] - The net cash flow from operating activities decreased by 51.03% to ¥655,142,169.90 in 2020 from ¥1,337,727,570.11 in 2019[13] - The basic earnings per share for 2020 was ¥0.2566, up 119.69% from ¥0.1168 in 2019[13] - Total assets at the end of 2020 were ¥31,856,615,637.93, an increase of 5.45% from ¥30,209,805,595.97 at the end of 2019[13] Business Strategy and Focus - The company reported a significant change in its business scope, focusing on high-tech industries such as new materials and renewable energy since August 2014[9] - The company aims to build a high-tech industrial group focused on new materials, emphasizing efficiency and low debt[21] - The company is actively expanding its market presence by adjusting product layouts and exploring new domestic clients amid challenges from the pandemic and trade tensions[29] - The company plans to expand its market presence and enhance its product offerings in the high-tech and biopharmaceutical sectors[39] - The company plans to enhance operational efficiency in the real estate sector by focusing on inventory reduction and sales promotion amid tightening regulations[74] Risk Management - The company emphasizes the importance of risk factors and has outlined potential risks and countermeasures in its annual report[2] - The company has faced risks in the real estate sector due to tightening financing channels and macroeconomic uncertainties, which may impact operations[77] - The high-tech industry faces risks from policy changes, technological obsolescence, and environmental pressures, which the company plans to mitigate through lean management and enhanced customer engagement[75] - The biopharmaceutical sector is at risk from regulatory changes and quality control challenges, which the company will address by improving its analysis of industry policies and enhancing product safety[76] Legal Matters - The company is currently in litigation regarding the leasing of land to Shenzhen Baoan Xinfeng Comprehensive Trading Department, with ongoing court proceedings[97] - The company is involved in a lawsuit regarding the invalidation of a land lease agreement, seeking the return of rent amounting to RMB 7,999,200 and interest of RMB 16,353,100[98] - The company has initiated legal action against Gan Zhou Xin Lei Rare Earth New Materials Co., Ltd. and its actual controller, with ongoing enforcement actions[98] - The company is actively managing its legal risks and pursuing claims to recover outstanding debts[98] - The company is pursuing claims against Sanmenxia Suda Transportation Energy-saving Technology Co., Ltd. for 13.35 million CNY, with ongoing legal proceedings[103] Environmental Responsibility - Bettery New Materials Group Co., Ltd. reported a wastewater discharge of 12,517 tons/year, with a total allowable discharge of 19,800 tons/year, indicating no exceedance of discharge standards[126] - Betterray New Materials Group Co., Ltd. was recognized as a "National Green Factory" by the Ministry of Industry and Information Technology, indicating its commitment to sustainable practices[133] - The company completed the environmental impact assessment for its negative electrode production line expansion project, receiving approval and passing environmental inspections[130] - The company has established multiple monitoring wells and accident pools to manage environmental risks effectively[128] - The company reported a water conservation achievement of over 27,000 tons in 2020, reflecting its commitment to resource efficiency[133] Corporate Governance - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective oversight and management[170] - The board of directors includes various committees such as the audit committee and the remuneration and assessment committee to enhance governance[170] - The company has a performance evaluation system for senior management, linking salary increases to personal performance and the completion of the group's profit targets, with increases ranging from 0 to 2 months' salary[183] - The company has maintained a stable leadership structure, with all current directors and supervisors in their positions since June 27, 2019[152] - The attendance rate for the first extraordinary general meeting in 2020 was 19.56%, while the attendance for the 2019 annual general meeting was 19.00%[173] Market Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 10% to 12% based on market expansion strategies and new product launches[159] - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2023[159] - A strategic acquisition of a local competitor is expected to be finalized in Q2 2021, which will enhance the company's product offerings and market reach[159] - The company aims to reduce operational costs by 10% in 2021 through efficiency improvements and technology integration[159] - The company launched two new products in Q4 2020, contributing to a 5% increase in overall sales[159]

Financial Performance - Net profit attributable to shareholders was CNY 386,289,600.33, a significant increase of 516.95% year-on-year[3] - Basic earnings per share were CNY 0.1498, up 516.46% year-on-year[3] - The net profit attributable to shareholders increased by 159.89% to CNY 521,577,260.58, driven by significant investment gains from subsidiary disposals[13] - Net profit for Q3 2020 reached CNY 479,246,154.51, a significant increase of 147.5% from CNY 193,538,091.44 in Q3 2019[38] - The net profit for the year-to-date period was CNY 818,893.96 million, an increase from CNY 574,361.31 million, showing a growth of about 42.7%[42] - The company's total equity reached CNY 12.81 billion, an increase from CNY 10.71 billion, reflecting a growth of approximately 19.6%[33] Revenue and Operating Results - Operating revenue for the period was CNY 2,961,773,914.77, reflecting a growth of 3.42% compared to the same period last year[3] - Total operating revenue for Q3 2020 was CNY 2,978,126,086.64, an increase of 3.47% compared to CNY 2,878,325,979.20 in the same period last year[37] - The company's operating revenue for the current period reached CNY 544,449.81, a significant increase from CNY 257,430.41 in the previous period, representing a growth of approximately 111%[44] Assets and Liabilities - Total assets reached CNY 31,493,483,783.40, an increase of 4.25% compared to the previous year[3] - Total liabilities decreased to CNY 18.68 billion from CNY 19.50 billion, indicating a reduction of approximately 4.2%[32] - Current liabilities totaled CNY 11.77 billion, down from CNY 12.31 billion, showing a decline of around 4.4%[32] - The company's total assets decreased by ¥198,084,903.97, with total assets reported at ¥30,209,805,595.97 as of the end of the reporting period[54] Cash Flow - The net cash flow from operating activities was CNY 479,577,814.80, down 29.02% from the previous year[3] - The net cash flow from operating activities decreased by 47.55% to CNY 729,783,601.53 due to a decline in sales and substantial land value-added tax payments[14] - Cash flow from operating activities for the current period was CNY 729,783,601.53, down from CNY 1,391,318,485.41 in the previous period, a decrease of about 48%[47] - The company reported a total cash and cash equivalents balance of CNY 5,875,226,429.24 at the end of the period, up from CNY 4,820,578,946.82 in the previous period, an increase of about 22%[48] Investments - The company reported non-recurring gains of CNY 641,913,810.59, including CNY 403,263,208.35 from the disposal of non-current assets[4] - Investment income surged by 899.13% to CNY 686,021,037.71, mainly from gains on the disposal of subsidiaries and securities investments[13] - The company is actively engaged in securities investment, with ongoing assessments of fair value changes and investment performance[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 195,864[8] - The top shareholder, Shenzhen Fu'an Holdings Co., Ltd., held 9.97% of the shares, totaling 257,216,678 shares[8] - The company did not engage in any repurchase transactions during the reporting period[10] Changes in Financial Position - The company reported a significant decrease of 65.99% in credit impairment losses to CNY -17,081,373.54, reflecting changes in bad debt provisions[13] - The company has not reported any overdue commitments from actual controllers, shareholders, or related parties during the reporting period[20] - The company did not report any non-operating fund occupation by controlling shareholders or related parties during the reporting period[27] Other Financial Metrics - The weighted average return on equity was 6.07%, an increase from 4.92% in the previous year[3] - The company reported a total cost of operations of CNY 2,841,898,616.88, which is an increase of 9.05% from CNY 2,605,906,026.80 in the same quarter last year[37] - Tax expenses for Q3 2020 were CNY 139,049,009.44, compared to CNY 124,447,409.74 in the same quarter last year, representing an increase of 11.7%[38]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥3.98 billion, a decrease of 32.51% compared to ¥5.89 billion in the same period last year[10]. - The net profit attributable to shareholders was approximately ¥135.29 million, down 2.02% from ¥138.08 million in the previous year[10]. - The net profit after deducting non-recurring gains and losses was approximately -¥94.65 million, a significant decline of 176.77% compared to ¥123.29 million in the same period last year[10]. - The net cash flow from operating activities was approximately ¥250.21 million, a decrease of 65.04% from ¥715.66 million in the previous year[10]. - The total assets at the end of the reporting period were approximately ¥29.64 billion, down 1.89% from ¥30.21 billion at the end of the previous year[10]. - The net assets attributable to shareholders increased by 2.57% to approximately ¥5.68 billion from ¥5.53 billion at the end of the previous year[10]. - The basic and diluted earnings per share were both ¥0.0525, a decrease of 1.87% from ¥0.0535 in the previous year[10]. - The weighted average return on net assets was 2.41%, down from 2.62% in the previous year[10]. - Overall revenue for the group was CNY 3,975,994,699.66, a decrease of 32.51% compared to the previous year, primarily due to the impact of the pandemic on high-tech and biopharmaceutical industries[29]. - Total operating revenue for the first half of 2020 was approximately RMB 4.01 billion, a decrease of 32.1% compared to RMB 5.91 billion in the same period of 2019[123]. Cost Management - Operating costs amounted to 2,591.67 million yuan, down 31.31% year-on-year[23]. - The company reported a decrease in sales expenses by 20.70%, totaling 437.83 million yuan[23]. - Management expenses decreased by 13.37%, amounting to 312.72 million yuan[23]. - Financial expenses were reduced by 7.58%, totaling 225.28 million yuan[23]. - Total operating costs for the first half of 2020 were approximately RMB 3.82 billion, down 28.3% from RMB 5.34 billion in the same period of 2019[123]. Investment and Research - Research and development investment was CNY 171,511,684.87, down 5.55% from the previous year[29]. - The company plans to enhance R&D investment and establish innovation mechanisms to develop new products and markets, aiming to improve core competitiveness[53]. - Investment income surged by 440.85% to CNY 220,462,573.86, influenced by fluctuations in securities investments[30]. - The company’s investment income for the first half of 2020 was RMB 360.80 million, an increase from RMB 321.42 million in the same period of 2019, representing a growth of about 12.2%[133]. Legal Matters - The company is actively pursuing legal action to recover a total of RMB 14,908.61 million from three companies for loan guarantees[59]. - The company is involved in a lawsuit regarding a real estate project dispute, seeking payment from Shenzhen Huahaoyuan Investment Co., Ltd. for RMB 1,875.36 million[59]. - The company is involved in a lawsuit regarding the return of 52.43 million yuan due to a dispute over equity rights[60]. - The company has filed a lawsuit against Hu Zhiqiang for a total of 19.2047 million yuan, which includes stock repurchase payments and penalties[60]. - The company is currently executing a court order for the collection of the aforementioned amounts from Hu Zhiqiang[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 160,042[99]. - The largest shareholder, Shenzhen Fu'an Holdings Co., Ltd., holds 11.91% of the shares, totaling 307,216,678 shares[99]. - The total number of restricted shares at the end of the period was 35,377,087 shares, with no shares released during the reporting period[98]. - The company has not undergone any changes in controlling shareholders or actual controllers during the reporting period[102]. Environmental and Social Responsibility - 贝特瑞新材料集团股份有限公司在2020年上半年通过湖北省红十字会向20个贫困地区捐赠了价值700万元的药品[88]. - 集团旗下的贝特瑞（天津）纳米材料制造有限公司向甘肃省天水市武山县、兰州市永登县提供农林产业扶贫金额为4万元人民币[88]. - 2020年上半年，集团的精准扶贫工作总投入资金为31.12万元，物资折款为700万元[89]. - 2020年6月，贝特瑞新材料集团股份有限公司被评为"环保良好企业"[86]. Financial Position - The total assets as of June 30, 2020, were RMB 29,639,145,062.44, down from RMB 30,209,805,595.97, indicating a decrease of about 1.9%[122]. - The company's retained earnings increased to RMB 2,311,670,203.15 from RMB 2,240,116,291.66, marking an increase of approximately 3.2%[122]. - Total liabilities reached RMB 10,404,604,190.05, compared to RMB 10,288,667,608.46 at the end of 2019, indicating a rise in financial obligations[131]. - The company has maintained a loan repayment rate of 100% during the reporting period[114]. Risk Management - The company faces risks in high-tech industries, including policy risks, technology substitution risks, and safety production and environmental risks[52]. - The company plans to enhance risk control and operational management to seize market opportunities and respond to policy impacts[54]. - The company will continue to monitor the impact of the COVID-19 pandemic on its operations and take proactive measures[54].

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,613,873,154.09, a decrease of 27.94% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥40,189,518.93, down 39.19% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was -¥48,708,535.57, representing a significant decline of 833.51% compared to the previous year[3]. - The net cash flow from operating activities was ¥114,905,873.17, a decrease of 66.79% from the same period last year[3]. - Operating revenue decreased by 27.94% to 1,613,873,154.09, mainly impacted by the COVID-19 pandemic and a reduction in billable real estate projects[10]. - The net profit attributable to shareholders decreased by 39.19% to 40,189,518.93, also affected by the pandemic and fewer billable real estate projects[10]. - The basic earnings per share for the period were ¥0.0156, down 39.06% year-on-year[3]. - The company reported a gross profit margin of approximately 3.9% for Q1 2020, compared to 10.4% in Q1 2019[28]. - The company recorded a total operating cost of CNY 1,562,214,752.66 in Q1 2020, down 26.4% from CNY 2,121,622,662.05 in Q1 2019[28]. - Net profit for Q1 2020 was CNY 114,245,817.68, down 38.3% from CNY 185,928,494.84 in Q1 2019[29]. Cash Flow and Investments - The net cash flow from investing activities was -190,227,062.70 CNY, an improvement from -413,445,628.07 CNY in the previous period, indicating a reduction in cash outflow[34]. - The net cash flow from financing activities was -180,959,111.14 CNY, compared to a positive cash flow of 99,446,601.81 CNY in the previous period, reflecting increased cash outflows for debt repayment and dividends[34]. - Cash inflow from investment activities was 120,681,679.53 CNY, up from 77,977,679.40 CNY in the previous period, reflecting increased investment recovery[36]. - Cash outflow for investment activities was 93,125,367.22 CNY, down from 100,841,246.38 CNY in the previous period, indicating a decrease in capital expenditures[36]. - The company received 879,000,000.00 CNY in cash from borrowings, a decrease from 1,675,690,000.00 CNY in the previous period, reflecting a reduction in new debt issuance[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥30,239,161,748.95, showing a slight increase of 0.10% from the end of the previous year[3]. - The total liabilities stood at CNY 19,472,525,723.72, a marginal decrease from CNY 19,502,215,277.67[24]. - Current liabilities increased to CNY 13,505,388,054.13 from CNY 12,308,558,110.72, reflecting a rise in short-term financial commitments[23]. - Non-current liabilities decreased to CNY 5,967,137,669.59 from CNY 7,193,657,166.95, indicating a reduction in long-term financial obligations[24]. - The company reported a total of CNY 9,892,254,143.42 in current assets, slightly up from CNY 9,828,971,886.15[26]. - The company reported a long-term debt of approximately ¥3.52 billion in bonds[42]. Shareholder Information - The net assets attributable to shareholders were ¥5,560,919,534.69, up 0.47% compared to the end of the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 185,330[6]. - Owner's equity totaled approximately ¥3.23 billion, with retained earnings at around ¥230.39 million[43]. - The total equity attributable to shareholders of the parent company was CNY 5,534,993,365.67, an increase of CNY 10,432,808.48 from CNY 5,524,560,557.19[40]. Financial Strategy and Future Plans - The company has initiated preparations for public stock issuance and listing on the selected tier of the National Equities Exchange and Quotations system[12]. - The company plans to issue medium-term notes and ultra-short-term financing bonds as approved by the board[14]. - The company has implemented new revenue and leasing standards starting January 1, 2020, affecting the financial reporting[44]. - The first quarter report was not audited, indicating preliminary financial data[44].

Financial Performance - The company's operating revenue for 2017 was ¥7,023,511,217.26, representing a 9.54% increase compared to ¥6,411,749,425.42 in 2016[10]. - The net profit attributable to shareholders was CNY 133,203,837.23, a decrease of 42.93% compared to the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -82,217,874.61, a decline of 467.46% year-on-year[11]. - The net cash flow from operating activities was CNY 390,907,160.93, an increase of 3,314.26% compared to the previous year[11]. - Total assets increased by 25.37% to CNY 27,109,464,910.13 at the end of 2017 compared to the end of 2016[11]. - The company achieved total operating revenue of CNY 7,070.80 million, a year-on-year increase of 9.63%[30]. - The company's net profit attributable to shareholders was CNY 133.20 million, a decrease of 42.93% due to significant asset impairment provisions, which increased by 136.78% year-on-year[30]. - The total operating costs in 2017 were significantly impacted by direct materials, which accounted for ¥1,963,786,631.84 or 42.50% of total operating costs, up from 32.02% in 2016[36]. - The total cash and cash equivalents increased by 204.90% to ¥1,885,831,766.86 in 2017, primarily due to increased cash received from subsidiaries and expanded financing[46]. - The company reported a total comprehensive income of CNY 1,284,295,016.56 for the year, indicating strong financial performance[200]. Dividends and Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of ¥0.20 per 10 shares, based on a total of 2,149,344,971 shares[2]. - The proposed cash dividend for 2017 is CNY 0.20 per share (including tax), with a total cash dividend amount of CNY 42,986,899.42, which is 100% of the distributable profit[73]. - In 2017, the company achieved a net profit of CNY 133,203,837.23, with a cash dividend payout amounting to CNY 42,986,899.42, representing 32.27% of the net profit attributable to shareholders[72]. - The company's retained earnings available for distribution in 2017 amounted to CNY 240,070,445.49 after accounting for previous distributions[74]. Business Operations and Changes - The company has undergone changes in its main business scope, including investments in high-tech industries such as new materials and renewable energy since August 2014[8]. - The company has been listed on the Shenzhen Stock Exchange since June 1991, with its business scope evolving over the years[8]. - The company added 46 new subsidiaries to its consolidation scope during the reporting period due to new establishment, equity acquisition, and capital increase[37]. - The company acquired International Precision, which generated revenue of CNY 490.84 million and a net profit of CNY 37.22 million since its consolidation in June 2017[18]. - The company established several new subsidiaries during the reporting period, which had no significant impact on the overall performance[61]. Risk Management and Compliance - The company has detailed risk factors and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[2]. - The company has not made any retrospective adjustments or restatements of previous years' accounting data[9]. - The company has maintained compliance with its profit distribution policy as per its articles of association[71]. - The company has no significant litigation or arbitration matters during the reporting period[84]. - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[78]. Environmental and Social Responsibility - The wastewater treatment facility of Shenzhen BTR New Energy Materials Co., Ltd. is operating normally, ensuring compliance with environmental standards[113]. - The company actively participated in poverty alleviation efforts, donating CNY 10,000 to a nursing home and providing essential goods to five impoverished households[108]. - The company created 30 job opportunities for impoverished individuals in surrounding villages, including five positions for disabled persons[108]. - The company plans to continue its poverty alleviation efforts in 2018, focusing on donations and support for impoverished areas[110]. Shareholder Structure and Governance - The company reported a total of 184,893 shareholders at the end of the reporting period[129]. - The largest shareholder, Shenzhen Fuan Holdings Co., Ltd., holds 11.91% of the shares, totaling 256,013,898 shares, with 248,900,000 shares pledged[130]. - The company has no controlling shareholder or actual controller, indicating a decentralized ownership structure[133]. - The company has maintained a stable leadership team with no significant changes in the board of directors or senior management during the reporting period[139]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 32.5692 million[146]. Financial Management and Investments - The company reported an investment income of RMB 330,604,691.47, a decrease of 18.4% from RMB 405,364,512.97 in 2016[198]. - The company raised funds through bonds, which were used to repay bank loans and supplement working capital, with a year-end balance of 0 million yuan[173]. - The company maintained effective internal controls over financial reporting in all significant aspects[168]. - The company plans to use up to RMB 500 million of its own funds for short-term entrusted wealth management and an additional RMB 500 million for securities investments, excluding its listed subsidiaries[163].