Revenue and Profit - Revenue for Q3 2022 reached ¥8,968,183,216.76, an increase of 116.33% year-over-year, while year-to-date revenue was ¥22,479,591,306.31, up 84.77% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2022 was ¥152,340,142.25, a decrease of 28.19% year-over-year, with year-to-date net profit at ¥575,535,984.92, down 35.52%[3] - Net profit attributable to shareholders decreased by 35.52% to ¥575,535,984.92, mainly due to last year's substantial investment gains from subsidiary disposals[7] - The company reported a total profit of ¥1,858,685,920.06, slightly down from ¥1,904,200,888.16 in the previous year[20] - The total comprehensive income for the period attributable to the parent company was CNY 603,222,583.20, a decrease of 32.3% compared to CNY 890,428,766.25 in the previous period[21] Cash Flow - The company reported a significant increase in cash flow from operating activities, with a year-to-date net cash flow of -¥228,054,074.04, reflecting a decline of 172.44% compared to the previous year[3] - Net cash flow from operating activities showed a significant decline of 172.44%, resulting in a net outflow of ¥228,054,074.04, driven by increased payments for raw materials and processing fees[7] - Cash flow from investing activities experienced a drastic decline of 600.38%, with a net outflow of ¥3,649,689,361.48 due to increased fixed asset investments for capacity expansion[7] - Cash inflow from financing activities was CNY 12,409,939,796.56, significantly higher than CNY 5,465,694,174.34 in the previous period[23] Assets and Liabilities - Total assets as of the end of Q3 2022 were ¥49,596,205,059.71, representing a 33.78% increase from the end of the previous year[3] - Total liabilities increased to ¥31,574,038,909.36, compared to ¥21,414,358,734.26 in the previous year, reflecting a growth of 47.4%[18] - The company’s total liabilities increased, with short-term borrowings rising by 34.59% to ¥7,554,462,158.92, driven by business expansion[6] - Non-current liabilities totaled ¥8,370,292,220.45, up from ¥5,987,258,170.15, marking an increase of 39.9%[18] - The total equity attributable to shareholders of the parent company was ¥8,601,041,179.58, an increase from ¥8,000,289,198.35, representing a growth of 7.5%[18] Research and Development - The company’s R&D expenses for Q3 2022 were ¥1,057,290,408.93, an increase of 104.79% year-over-year, indicating a strong commitment to innovation[6] - Research and development expenses surged to ¥1,057,290,408.93, up 104.5% from ¥516,272,570.49 in the previous year[19] Market and Investment Activities - The company plans to continue expanding its market presence and investing in R&D to support future growth initiatives[6] - Betterray signed a cooperation agreement to invest in a lithium battery anode material integrated base project with an annual production capacity of 200,000 tons in Dali, Yunnan[12] - Betterray plans to issue up to 218,423,767 shares, raising a total of no more than 500 million yuan[14] - Betterray and Stellar Investment signed a joint venture agreement for an integrated project with an annual production capacity of 80,000 tons of new energy lithium battery anode materials in Indonesia[14] - Betterray signed a strategic cooperation framework agreement with Zhongwei New Materials to collaborate in various fields including precursor product development and overseas mineral resource development[13] Inventory and Receivables - Trade receivables rose by 77.32% to ¥5,970,361,497.56, reflecting the significant revenue growth during the period[5] - Betterray's accounts receivable increased to approximately 5.97 billion yuan, up from 3.37 billion yuan, representing a growth of about 77.5%[15] - Inventory increased to approximately 13.17 billion yuan, up from 10.14 billion yuan, reflecting a growth of about 30%[16] Operating Costs - The company’s gross profit margin was impacted by rising costs, with operating costs increasing by 106.88% to ¥17,798,253,838.79 due to heightened demand in the battery materials market[6] - The company’s operating costs increased to ¥20,945,941,352.10, up from ¥11,019,287,759.11, reflecting an increase of 90.0%[19] Shareholder Information - The company’s major shareholders include Shaoguan High-tech Enterprise Management Co., Ltd. with a 15.04% stake and Shenzhen Chengxing Investment Co., Ltd. with a 13.72% stake[9]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 13.51 billion, representing a 68.45% increase compared to CNY 8.02 billion in the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 423.20 million, a decrease of 37.80% from CNY 680.43 million year-on-year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 429.37 million, an increase of 62.61% compared to CNY 264.06 million in the previous year[11]. - The net cash flow from operating activities was negative CNY 218.06 million, a decline of 232.24% from a positive CNY 164.90 million in the same period last year[11]. - The total assets at the end of the reporting period were CNY 45.22 billion, an increase of 21.97% from CNY 37.07 billion at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company were CNY 8.40 billion, up 4.96% from CNY 8.00 billion at the end of the previous year[11]. - The basic earnings per share decreased to CNY 0.1641, down 37.79% from CNY 0.2638 in the same period last year[11]. - The diluted earnings per share also decreased to CNY 0.1641, reflecting the same percentage decline as basic earnings per share[11]. - The weighted average return on equity was 5.14%, down 4.25% from 9.39% in the previous year[11]. - The company achieved total operating revenue of CNY 1,353,163.66 million, a year-on-year increase of 68.13%[22]. - The company's net profit attributable to shareholders decreased by 37.80% to CNY 42,319.58 million, while the net profit excluding non-recurring gains and losses increased by 62.61% to CNY 42,937.30 million[22]. Sector Performance - The company operates in high-tech industries, biomedicine, real estate, and other sectors, focusing on new materials and new energy vehicles[15]. - The biomedicine sector is increasingly important, driven by rising health awareness and demand for healthcare products, with a focus on functional health products[16]. - The real estate market is expected to stabilize as government policies support housing demand and promote long-term rental markets[16]. - The company’s subsidiary, Beiterui, is a leading global producer of lithium-ion battery anode materials, with a complete industrial chain[17]. - The company has over 30 years of experience in the real estate sector, with significant brand influence in the "Jiangnan series" products[18]. - The biomedicine segment includes historical brands like Mayinglong, focusing on traditional medicine and healthcare services[18]. - The high-tech industry segment reported sales revenue of CNY 1,106,715.38 million, a growth of 126.04%, and a total profit of CNY 106,708.94 million, up 11.27%[23]. - The subsidiary Beiterui achieved sales revenue of CNY 1,020,072.39 million, a year-on-year increase of 142.47%, and a net profit of CNY 91,791.26 million, up 25.67%[23]. - The biopharmaceutical segment generated sales revenue of CNY 212,379.82 million, a growth of 11.78%, and a total profit of CNY 33,384.60 million, up 8.74%[24]. - The subsidiary Mayinglong reported sales revenue of CNY 192,775.58 million, a year-on-year increase of 15.54%, and a net profit of CNY 27,193.33 million, up 6.73%[24]. - The real estate segment's sales revenue decreased by 85.74% to CNY 14,988.35 million, with a total profit loss of CNY 3,728.08 million, a decline of 129.90%[25]. Investment and Development - The company is focusing on asset securitization to enhance market competitiveness and achieve rapid development[22]. - The company is actively expanding its production capacity and establishing strategic partnerships for new product development in the high-tech sector[23]. - The company is implementing a strategy of "inventory reduction and sales promotion" in its real estate operations to optimize asset value[25]. - The total investment amount for the current period was ¥296.91 million for the Jiangdong Haoting project in Haikou, Hainan[28]. - The cumulative presale area for the Baonan Jiangnan City project in Tianjin reached 199,134.24 m², with a presale amount of ¥5,022 million[29]. - The average rental rate for the commercial properties in Weihei's Baonanjianan City is 100%[30]. - The company is committed to developing new technologies and enhancing operational capabilities in strategic emerging industries[15]. - The company plans to issue up to 218,423,767 shares, raising a total of no more than 500,000 million CNY[90]. - Bettery entered into a joint venture agreement to develop an integrated project with an annual production capacity of 80,000 tons of new energy lithium battery anode materials in Indonesia[90]. Financial Management - The company is actively involved in military communications and aerospace materials production through its subsidiaries[18]. - The company aims to improve real estate operational efficiency and enhance business performance amid market challenges[16]. - The company is classified as a key pollutant discharge unit, with specific emissions data reported for various pollutants, indicating compliance with environmental standards[59]. - The company has established a management system for foreign exchange derivative trading to mitigate risks associated with foreign exchange and interest rate fluctuations[46]. - The company has not experienced any major legal disputes or penalties during the reporting period[80]. - The company has maintained a clean integrity status with no reported issues regarding its controlling shareholders[80]. - The company has not undergone any credit rating adjustments during the reporting period[105]. - The company has successfully completed the principal and interest payments for its medium-term notes due in 2022, totaling CNY 1.54 billion[105]. - The company maintains a loan repayment rate of 100%, indicating effective debt management[107]. Legal and Compliance - The company is pursuing a lawsuit against Hu Zhiqiang for a total of RMB 19.20 million related to stock repurchase obligations, with a final ruling requiring payment of RMB 9.99 million plus penalties[72]. - The company is involved in a lawsuit regarding a land lease agreement, with claims for RMB 7.99 million in rent and RMB 16.35 million in interest[72]. - The company is seeking RMB 17.46 million in stock transfer payments from Pan Duo Jun, with a court ruling already in place[72]. - The company is pursuing legal action against Xinjiang Pengyuan New Materials Co., Ltd. for a loan principal of RMB 13,937,200 and interest of RMB 15,707,224.40, along with a penalty of RMB 10 million[73]. - The company is actively managing its legal claims and pursuing recovery of debts through litigation and bankruptcy processes[73]. - The company has filed a lawsuit against Ganzhou Xinlei Rare Earth New Materials Co., Ltd. for an investment of RMB 28.5 million and compensation of RMB 2.8 million due to misleading information[73]. - The company is pursuing legal action against Ningbo Fenghua Delang Energy Battery Co., Ltd. for a payment of CNY 23.2051 million and associated penalties[77]. Environmental and Social Responsibility - The company donated 3.43 million yuan worth of medicines to impoverished areas and provided 1.36 million yuan in pandemic prevention materials to Hong Kong[69]. - Betterray New Materials Group purchased over 250,000 yuan in poverty alleviation products to support rural revitalization efforts[69]. - The company actively participated in social welfare activities, including donations to local schools and support for welfare institutions[69]. - The company aims to innovate marketing strategies and develop complementary businesses to enhance operational efficiency and create new profit growth points[54]. - The company has achieved a 100% completion rate in pollution source monitoring in Tianjin[68]. - The company was recognized as a "Blue Card Enterprise" by the Shenzhen Ecological Environment Bureau, indicating a reduction in carbon emissions per product by 0.04 tCO2e/t year-on-year[68]. Risk Management - The company faces risks related to industry policies, technology substitution, and operational risks from upstream and downstream enterprises[52]. - The company emphasizes lean management, cost control, and enhancing product quality to mitigate operational risks[53]. - The company plans to enhance risk control and management in the real estate sector to address market opportunities and policy impacts, focusing on inventory reduction and sales promotion[55]. - The biopharmaceutical industry faces significant policy risks due to regulations such as the two-invoice system and drug price reforms, which may impact operations[54]. - The real estate sector is experiencing financing challenges, with some leading companies facing debt defaults and project delivery delays, affecting normal business operations[55]. Shareholder Information - The total number of shares outstanding is 2,579,213,965, with 98.92% being unrestricted shares[92]. - The company reported a total shareholder equity of 16,680,591,407.56 RMB as of the end of the first half of 2022, an increase from 15,658,836,468.47 RMB at the end of 2021[115]. - The largest shareholder, Shaoguan High-tech Enterprise Management Co., Ltd., holds 15.04% of shares, totaling 387,882,121 shares[95]. - The company did not conduct any repurchase transactions during the reporting period[97]. - The company has not disclosed any other major events or changes in shareholding structure during the reporting period[88].

Financial Performance - The company's operating revenue for Q1 2022 was ¥5,683,423,572.87, representing a 53.56% increase compared to ¥3,701,038,124.21 in the same period last year[3] - Net profit attributable to shareholders decreased by 13.21% to ¥165,134,224.14 from ¥190,270,285.88 year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 64.65% to ¥201,396,071.60 from ¥122,315,522.86 in the previous year[3] - Net profit for Q1 2022 was CNY 450,961,686.24, compared to CNY 353,809,542.16 in Q1 2021, reflecting an increase of approximately 27.5%[17] - The total comprehensive income attributable to the parent company was ¥160,637,650.03, down from ¥187,456,684.57 in the previous year[18] - Basic and diluted earnings per share for Q1 2022 were both ¥0.0640, down from ¥0.0738 in Q1 2021[18] Cash Flow - The net cash flow from operating activities was negative at -¥474,078,022.77, a decrease of 297.28% compared to ¥240,313,176.47 in the same period last year[3] - Operating cash inflow for Q1 2022 was ¥4,512,263,714.73, an increase of 39.7% from ¥3,227,571,032.48 in Q1 2021[20] - The net cash flow from investing activities was -¥1,619,628,525.05, worsening from -¥743,676,752.25 in Q1 2021[21] - The net cash flow from financing activities increased by 331.25% to ¥1,480,420,170.03, compared to -¥640,178,152.90 in the previous year[7] - The total cash and cash equivalents at the end of Q1 2022 were ¥5,495,402,220.54, a decrease from ¥5,237,194,072.65 at the end of Q1 2021[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥40,892,985,826.83, an increase of 10.30% from ¥37,073,195,202.73 at the end of the previous year[3] - The total liabilities of the company reached CNY 24,679,292,484.36, compared to CNY 21,414,358,734.26, reflecting an increase of approximately 15.6%[16] - The company's total liabilities increased, with contract liabilities rising by 40.62% to ¥1,330,965,240.60, reflecting increased customer prepayments[6] - Long-term borrowings rose to CNY 2,273,303,311.20, compared to CNY 1,934,186,143.00 in the previous year, an increase of approximately 17.6%[16] Research and Development - R&D expenses increased by 84.81% to ¥254,263,898.68 from ¥137,578,237.58 year-on-year, indicating a significant investment in research and development[7] - Research and development expenses for Q1 2022 were CNY 254,263,898.68, up from CNY 137,578,237.58, indicating an increase of about 84.5%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 284,509, with the largest shareholder holding 15.04% of shares, equating to 387,882,121 shares[9] - The total number of shares held by the top ten shareholders with unrestricted shares amounts to 387,882,121 shares for the largest shareholder, representing a significant concentration of ownership[11] Legal and Investment Activities - The company is currently involved in legal proceedings regarding a civil ruling that allows for the preservation of assets valued at approximately RMB 670.72 million[13] - The company signed a cooperation agreement to invest in a lithium battery anode material project with an annual production capacity of 200,000 tons in Dali, Yunnan[12] - A new investment cooperation agreement was signed for a project to produce 40,000 tons of silicon-based anode materials in Shenzhen[13] Other Financial Metrics - The company's cash and cash equivalents at the end of the reporting period amount to approximately RMB 6.31 billion, down from RMB 6.58 billion at the beginning of the year, representing a decrease of about 4.14%[14] - The total current assets increased to approximately RMB 27.00 billion, up from RMB 23.88 billion, indicating a growth of about 13.5%[14] - Accounts receivable rose to approximately RMB 4.06 billion, an increase of about 20.5% from RMB 3.37 billion at the beginning of the year[14] - Inventory levels increased to approximately RMB 11.40 billion, up from RMB 10.14 billion, reflecting a growth of about 12.4%[14] - The company reported a decrease in tax expenses to CNY 83,457,942.85 from CNY 92,160,543.37, a reduction of approximately 9.2%[17] - The company reported a decrease in other comprehensive income attributable to the parent company, which was -¥4,496,574.11 compared to -¥2,813,601.31 in Q1 2021[18]

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]