Financial Performance - The company's operating revenue for Q1 2023 was ¥9,974,560,712.16, a decrease of 6.73% compared to ¥10,694,205,315.13 in the same period last year[4] - The net profit attributable to shareholders was -¥497,826,594.50, representing a decline of 275.25% from a profit of ¥284,066,351.74 in the previous year[4] - Net profit for Q1 2023 was a loss of CNY 502,578,051.96, compared to a profit of CNY 291,776,076.69 in Q1 2022, representing a significant decline[18] - Basic and diluted earnings per share for Q1 2023 were both -0.3113, down from 0.1776 in the same period last year[19] Cash Flow - The net cash flow from operating activities was -¥4,129,220,942.91, a decrease of 55.22% compared to -¥2,660,299,246.81 in the same period last year[4] - Cash inflow from operating activities was CNY 10,330,560,808.33, a decrease of 21.4% from CNY 13,133,409,156.72 in Q1 2022[20] - The total cash outflow from operating activities was 14,459,781,751.24 CNY in Q1 2023, compared to 15,793,708,403.53 CNY in Q1 2022, showing a decrease of approximately 8%[21] - The net cash flow from financing activities was -391,026,228.62 CNY in Q1 2023, compared to -981,336,194.92 CNY in Q1 2022, indicating an improvement of about 60%[21] - The net increase in cash and cash equivalents for Q1 2023 was -4,584,729,027.04 CNY, compared to -3,698,362,574.76 CNY in Q1 2022, indicating a worsening of about 24%[21] Assets and Liabilities - The company's total assets decreased by 9.39% to ¥29,569,843,416.74 from ¥32,633,257,844.14 at the end of the previous year[4] - Total current assets decreased from CNY 18,570,587,765.49 at the beginning of the year to CNY 15,921,530,586.59 at the end of the reporting period, a decrease of approximately 14.4%[13] - Total liabilities decreased to CNY 14,960,883,148.26 from CNY 17,530,487,041.52, reflecting a reduction in financial obligations[18] - Total current liabilities decreased from CNY 11,272,431,301.89 to CNY 6,961,905,388.11, a decrease of approximately 38.5%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 55,336[10] - The largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holds 27.16% of shares, totaling 434,445,409 shares[10] - The top three shareholders collectively hold 46.04% of the shares, indicating a significant concentration of ownership[10] Research and Development - Research and development expenses increased by 54.32% to ¥39,836,024.99 from ¥25,814,453.57 in the previous year[7] - Research and development expenses increased to CNY 39,836,024.99, up 54.2% from CNY 25,814,453.57 in Q1 2022, indicating a focus on innovation[18] Inventory and Costs - The company reported a significant increase in inventory, which rose by 42.94% to ¥7,295,309,564.81 from ¥5,103,791,753.05[7] - Total operating costs increased to CNY 10,422,455,713.00, up 1.2% from CNY 10,301,279,512.54 in the previous year[17] - Cash outflow for purchasing goods and services was CNY 12,682,120,205.07, slightly down from CNY 12,921,374,377.79 in the previous year[20] Debt and Financing - The company obtained cash from borrowings amounting to ¥2,050,000,000.00 during the quarter, marking a 100% increase as it was not reported in the previous year[8] - The company repaid debts with cash amounting to ¥2,350,000,000.00, a 163.45% increase from ¥892,006,724.98 in the previous year[8] - Long-term borrowings increased from CNY 5,850,000,000.00 to CNY 7,600,000,000.00, an increase of about 29.9%[14]

股票代码：000059 股票简称：华锦股份 公告编号：2023-018 北方华锦化学工业股份有限公司 关于举行 2022 年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 北方华锦化学工业股份有限公司（以下简称"公司"）已于 2023 年 4 月 14 日 在《中国证券报》《证券时报》及巨潮资讯网（http://www.cninfo.com.cn）披露 公司《2022 年年度报告》。为便于广大投资者更全面深入了解公司 2022 年度业绩 和经营情况，本公司将于 2023 年 5 月 8 日（星期一）15:30–17:00 在全景网举 办 2022 年度业绩说明会。本次年度业绩说明会采用网络远程的方式举行，投资者 可登陆全景网"投资者关系互动平台"（https://ir.p5w.net）参与本次年度业绩 说明会。 2023 年 4 月 24 日 出席本次年度业绩说明会的人员有：公司董事长任勇强先生，董事、总经理 许晓军先生，总会计师、董事会秘书刘勇先生。 为充分保障中小投资者权益、提升交流的针对性，现就公司 2022 年度业绩说 明会提前向投 ...

Financial Performance - The company's operating revenue for 2022 was ¥49,062,144,367.80, representing a 26.95% increase compared to ¥38,552,307,081.15 in 2021[18]. - The net profit attributable to shareholders for 2022 was ¥528,776,130.51, a decrease of 43.89% from ¥893,882,586.08 in 2021[18]. - The net cash flow from operating activities was ¥1,754,225,728.18, down 40.43% from ¥2,804,759,467.21 in the previous year[18]. - Basic earnings per share for 2022 were ¥0.33, a decline of 44.07% compared to ¥0.56 in 2021[18]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, with a net profit of ¥482,634,236.56, down 45.95% from the previous year[18]. - The company achieved a gross profit margin of 16.21% in the petrochemical sector, down 15.69% year-on-year[43]. - The company reported a total revenue of approximately CNY 10.83 billion, with a net profit of CNY 345.30 million, reflecting a strong performance in the petroleum asphalt production sector[64]. - The company reported a total of CNY 3,126,312,202.01 in prepayments as of December 31, 2022, compared to CNY 3,041,562,831.35 at the beginning of the year, showing an increase of about 2.8%[149]. Assets and Liabilities - Total assets at the end of 2022 were ¥32,633,257,844.14, a slight decrease of 1.35% from ¥32,115,865,058.05 at the end of 2021[18]. - The company's total liabilities as of December 31, 2022, were CNY 17,530,487,041.52, down from CNY 18,145,100,968.80 at the beginning of the year[151]. - Cash and cash equivalents increased to ¥10,039,956,097.92, making up 30.77% of total assets, up from 29.49% at the beginning of the year[53]. - The company's inventory increased to CNY 5,103,791,753.05 by the end of 2022, compared to CNY 4,480,024,686.85 at the beginning of the year, indicating a growth of about 13.9%[149]. - The total current liabilities increased to CNY 11,272,431,301.89 as of December 31, 2022, compared to CNY 7,711,417,892.20 at the start of the year, reflecting a significant increase of approximately 46.5%[151]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥1.32 per 10 shares, based on a total of 1,599,442,537 shares[3]. - The cash dividend distribution plan for 2022 is set at 1.32 yuan per 10 shares, totaling a cash dividend of 211,126,414.88 yuan, which represents 40.13% of the total distributable profits[97]. - The company reported a net profit attributable to shareholders of 528,776,130.51 yuan for the year 2022, with distributable profits amounting to 526,138,382.50 yuan after allocating 2,637,748.01 yuan to surplus reserves[97]. Research and Development - Research and development expenses increased by 15.88% to ¥144,473,890.16 compared to the previous year[48]. - The number of R&D personnel increased by 2.78% to 148, with a notable increase in the number of PhD holders from 1 to 4[49]. - The contribution rate of new products reached 36.1%, with 10 new polymer products trial-produced, including three that were officially launched[36]. Environmental Compliance and Initiatives - The company has implemented strict pollution control measures, with no instances of exceeding the permitted discharge limits reported[106]. - The company is actively engaged in research and development of new technologies to reduce emissions and improve environmental performance[105]. - In 2022, the company invested CNY 253.267 million in environmental governance and paid CNY 4.67 million in environmental protection tax[109]. - The company achieved a 96.7% reduction in sulfur dioxide emissions after the addition of a new alkaline washing facility[108]. Governance and Management - The company has established a comprehensive governance structure, ensuring effective checks and balances among its decision-making bodies[70]. - The company has implemented measures to ensure compliance with regulations regarding related party transactions and competition, enhancing transparency and governance[71]. - The company’s board of directors includes experienced professionals with backgrounds in engineering and management[79]. - The company has established and effectively implemented internal control systems to ensure compliance, asset security, and the accuracy of financial reporting[99]. Market and Industry Trends - The chemical industry in China faced a 3.4% decline in crude oil processing volume, totaling 676 million tons in 2022[25]. - The overall chemical market experienced significant price fluctuations, with upstream raw material prices remaining high despite weak downstream demand[26]. - The company operates a comprehensive petrochemical and chemical fertilizer production and sales business, with key products including diesel, polypropylene, and polyethylene[27]. Strategic Initiatives and Future Outlook - The company aims to focus on three core industries: petrochemicals, fertilizers, and asphalt/lubricants, emphasizing technological innovation and high-end, green development[66]. - The company plans to enhance its fertilizer business by accelerating the research and development of new fertilizer varieties, targeting high-value products to extend the urea industry chain[67]. - The company is exploring new product lines that align with sustainable practices and environmental standards[105].

股票代码：000059 股票简称：华锦股份 北方华锦化学工业股份有限公司 投资者关系活动记录表 编号：2022-002 | --- | --- | --- | |--------------|-------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 | □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | 活动类别 | □现场参观 | | | | 其他 网上 ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥11,379,006,846.54, representing an increase of 83.24% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥11,897,167.56, a significant turnaround from a loss of ¥177,620,376.95 in the previous year, marking a 106.22% increase[5]. - The net profit after deducting non-recurring gains and losses was ¥3,631,301.04, compared to a loss of ¥188,839,880.94 in the same period last year, reflecting a 101.55% improvement[5]. - The company reported a 42.88% increase in operating income for the year-to-date, totaling ¥35,483,158,054.35, driven by rising product prices[8]. - The total operating revenue for the current period reached ¥35.54 billion, a 43% increase compared to ¥24.88 billion in the previous period[28]. - The net profit for the current period was ¥552.57 million, representing an 8.5% increase from ¥509.34 million in the same period last year[30]. - The earnings per share (EPS) for the current period was ¥0.3206, compared to ¥0.2993 in the previous period[30]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥32,115,865,058.05, a decrease of 6.14% from the previous year[5]. - The company's total assets decreased to ¥31.04 billion from ¥33.07 billion year-on-year, reflecting a decline in both current and non-current assets[19]. - The total liabilities decreased to ¥15.96 billion from ¥18.14 billion year-over-year[28]. - The total equity increased to ¥15.08 billion from ¥14.93 billion in the previous year[28]. Cash Flow - Cash flow from operating activities showed a significant negative trend, with a net outflow of ¥3,026,783,978.11, worsening from a loss of ¥971,525,931.49 in the previous year[5]. - The net cash flow from operating activities was -3,026,783,978.11, compared to -1,151,547,684.71 in the previous period, indicating a significant decline[34]. - Total cash inflow from operating activities amounted to 40,413,331,862.11, while cash outflow was 43,440,115,840.22, resulting in a net cash outflow[34]. - Cash flow from investing activities showed a net outflow of -92,778,165.98, compared to -183,377,619.21 in the previous period, reflecting improved investment management[34]. - Cash inflow from financing activities was 3,680,000,000.00, down from 4,210,000,000.00 in the previous period, indicating reduced borrowing[34]. - Total cash outflow from financing activities increased to 5,084,513,456.30, compared to 3,810,677,351.95 previously, highlighting higher debt repayments[37]. - The ending balance of cash and cash equivalents decreased to 5,230,881,534.17 from 7,118,630,907.64, showing a significant reduction in liquidity[37]. Inventory and Costs - The company's inventory increased by 72.40% to ¥7,712,312,303.72, influenced by rising crude oil prices[8]. - Cash paid for purchasing goods and services rose to ¥35.71 billion, up 42.41% from ¥25.07 billion, influenced by rising crude oil prices[12]. - The total operating costs amounted to ¥34.74 billion, up 46% from ¥23.83 billion in the prior period[28]. - Inventory increased significantly to ¥7.71 billion from ¥4.47 billion, suggesting a buildup of stock[19]. Tax and Fees - The company experienced a 101.17% increase in tax and additional fees, amounting to ¥4,131,176,038.81, due to increased sales of taxable products[8]. - Tax payments increased by 87.56% to ¥6.08 billion, compared to ¥3.24 billion, due to increased sales of taxable products driven by market demand[12]. - The company received tax refunds totaling 173,103,019.92, which is a notable increase compared to the previous amount of 6,577.80[34]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 45,310, with the largest shareholder, Northern Huajin Chemical Industry Group, holding 27.16% of shares[13]. Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[12]. Research and Development - Research and development expenses for the current period were ¥88.55 million, slightly up from ¥86.61 million in the previous period[28]. Financial Expenses - The company reported a financial expense of ¥170.23 million, down from ¥255.96 million in the prior period[28]. Employee Payments - Payments to employees increased to 768,027,553.34 from 718,043,254.45, reflecting higher labor costs[34]. Investment Income - The company reported a total of 12,480,000.00 in cash received from investment income, up from 10,400,000.00 previously, indicating improved investment performance[34]. Capital Expenditures - The cash outflow for purchasing fixed assets was 106,753,947.94, a decrease from 193,846,626.21, suggesting a reduction in capital expenditures[34].

Financial Performance - The company's operating revenue for the reporting period reached ¥24,158,151,592.60, representing a 29.42% increase compared to the same period last year[27]. - The net profit attributable to shareholders of the listed company was ¥500,875,520.15, a decrease of 25.22% from the previous year[27]. - The net profit after deducting non-recurring gains and losses was ¥481,125,992.84, down 26.74% year-on-year[27]. - Basic earnings per share decreased to ¥0.3132, down 25.21% from ¥0.4371 in the same period last year[27]. - Total revenue for the reporting period reached ¥24,158,151,592.60, representing a year-on-year increase of 29.42% from ¥18,666,621,252.94[45]. - The company reported a net profit of 146,432,747.46 CNY for the period, indicating a positive performance trend[139]. - The net profit attributable to the parent company for the first half of 2022 was ¥146,432,747.46, compared to a net loss of ¥497,114,195.09 in the same period of 2021[126]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥2,154,124,516.10, a significant decline of 364.89% compared to the previous year[27]. - The company’s cash and cash equivalents decreased by CNY 4.19 billion, a decline of 539.82%, attributed to changes in operating, investing, and financing activities[41]. - Operating cash flow for the first half of 2022 was negative at -¥2,154,124,516.10, a significant decline from a positive cash flow of ¥813,210,446.38 in the first half of 2021[127]. - The company reported cash inflows from operating activities totaling ¥27,539,252,033.85, up from ¥22,403,090,796.31 in the previous year[127]. - Cash outflows from operating activities increased to ¥29,693,376,549.95 in the first half of 2022, compared to ¥21,589,880,349.93 in the same period of 2021[127]. - The company’s cash and cash equivalents at the end of the first half of 2022 were ¥5,563,021,188.44, down from ¥9,007,339,191.68 at the end of the first half of 2021[130]. Assets and Liabilities - Total assets at the end of the reporting period were ¥30,462,708,765.52, a decrease of 7.89% from the end of the previous year[27]. - The company’s cash and cash equivalents decreased from ¥9,754,957,134.56 at the beginning of the year to ¥5,563,021,188.44 by June 30, 2022, representing a decline of approximately 42.4%[102]. - Total liabilities decreased from ¥18,139,600,126.05 to ¥15,418,331,732.72, a decline of about 14.9%[108]. - Current liabilities increased from ¥7,711,417,892.20 to ¥8,585,354,611.94, an increase of about 11.3%[108]. - Total equity amounted to CNY 12.05 billion, slightly down from CNY 12.18 billion year-on-year[118]. Segment Performance - The petrochemical segment generated ¥20,402,287,131.72, accounting for 84.45% of total revenue, with a year-on-year growth of 33.79%[45]. - The fertilizer segment reported revenue of ¥1,597,472,991.33, which is 6.61% of total revenue, reflecting a 34.08% increase compared to the previous year[45]. - The company’s fertilizer sales in Xinjiang increased by 27% year-on-year, indicating strong market demand[35]. Research and Development - The company developed three new polymer grades and produced 13,000 tons of new polymer products, showcasing advancements in technological innovation[35]. - Research and development expenses were CNY 54.98 million, a decrease of 5.0% compared to CNY 57.84 million in the previous year[119]. - The company aims to enhance its research and development efforts to drive future growth and innovation[138]. Environmental and Safety Measures - The company has established a comprehensive safety management system, enhancing safety measures across all operational levels[35]. - The company is classified as a key pollutant discharge unit by the environmental protection department[71]. - Total emissions for sulfur dioxide reached 1841.477 tons/year, nitrogen oxides at 1877.707 tons/year, and particulate matter at 496.297 tons/year[71]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[75]. Shareholder Information - The company did not distribute cash dividends or issue bonus shares for the half-year period[66]. - The total number of shares is 1,599,442,537, representing 100% of the company's equity[88]. - The total number of common shareholders at the end of the reporting period was 54,150, with the largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holding 27.16% of shares[91]. Financial Management and Governance - The company completed 56 key reform tasks under the state-owned enterprise reform initiative, enhancing governance and operational efficiency[35]. - The company maintains a commitment to fair and transparent information disclosure to protect investor rights[75]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[79]. Accounting and Financial Reporting - The company prepares consolidated financial statements based on the financial statements of the parent and its subsidiaries, in accordance with relevant accounting standards[162]. - The company recognizes expected credit losses for financial assets measured at amortized cost and debt instruments measured at fair value through other comprehensive income, including receivables and debt investments[171]. - The company uses the effective interest method for subsequent measurement of financial assets classified at amortized cost, recognizing gains or losses in profit or loss[168].

Financial Performance - The company's operating revenue for 2021 was ¥38,552,307,081.15, representing a 26.66% increase compared to ¥30,437,437,454.92 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥893,882,586.08, a significant increase of 175.47% from ¥324,489,612.57 in 2020[26]. - The net profit after deducting non-recurring gains and losses was ¥883,727,611.59, up 246.29% from ¥255,201,758.12 in the previous year[26]. - The basic earnings per share for 2021 was ¥0.56, an increase of 180.00% compared to ¥0.20 in 2020[26]. - The total assets at the end of 2021 were ¥32,115,865,058.05, reflecting a 15.11% increase from ¥27,899,652,411.93 at the end of 2020[26]. - The net assets attributable to shareholders at the end of 2021 were ¥14,280,348,965.29, a 5.50% increase from ¥13,535,819,313.84 in 2020[26]. - The company's cash flow from operating activities for 2021 was ¥2,804,759,467.21, a slight decrease of 0.35% from ¥2,814,637,063.20 in 2020[26]. - The weighted average return on equity for 2021 was 6.43%, up from 2.40% in 2020, indicating improved profitability[26]. Revenue Breakdown - Total revenue for the year reached ¥38,552,307,181.15, with a quarterly breakdown of ¥7,745,509,915.18 in Q1, ¥10,891,695,215.58 in Q2, ¥6,235,275,879.30 in Q3, and ¥13,679,826,071.09 in Q4[31]. - The petrochemical sector contributed CNY 32.89 billion, accounting for 85.32% of total revenue, with a year-on-year growth of 24.63%[52]. - The fertilizer segment saw a significant increase in revenue, reaching CNY 2.81 billion, up 63.83% from the previous year[52]. - The revenue from the petrochemical industry reached ¥32,894,260,369.78, representing a 24.63% increase year-over-year, with a gross margin of 19.23%[56]. Profitability and Costs - The overall industry revenue profit margin was 8.04%, the highest level since 2010, with a year-on-year increase of 3.43 percentage points[37]. - The gross profit margin for crude oil processing and petroleum products was 21.86%, with revenue increasing by 31.16% year-over-year[56]. - The company reported a significant increase in the cost of methanol, which rose by 2,193.63% to ¥33,058,622.55[60]. Cash Flow and Investments - Operating cash inflow totaled ¥44,265,298,111.68 in 2021, representing a 29.70% increase from ¥34,129,195,181.12 in 2020[71]. - Operating cash outflow increased by 32.40% to ¥41,460,538,644.47 in 2021, primarily due to rising crude oil prices[71]. - Investment cash inflow decreased by 90.66% to ¥11,612,478.19, mainly due to the previous year's recovery of financial investments[71]. Research and Development - R&D investment amounted to ¥124,678,720.34 in 2021, an increase of 9.07% from ¥114,314,885.53 in 2020[71]. - The company is focused on developing high-value-added products and enhancing market competitiveness through ongoing R&D efforts[70]. - The company aims to produce 12,000 tons of the new polyethylene WP4570-H product, which has received initial recognition from downstream manufacturers[66]. Market and Industry Trends - The company anticipates a slow recovery in the global economy post-COVID-19, with increased demand for high-quality petrochemical products[88]. - The domestic market for high-end specialty chemicals remains in a state of supply shortage, presenting market opportunities for the company's structural adjustment and transformation[90]. - The company is under pressure from increased competition due to new investments from emerging private enterprises and foreign companies, leading to a serious oversupply of regional products[91]. Corporate Governance - The company maintains independence from its controlling shareholder in five aspects: business, personnel, assets, organization, and finance, ensuring complete operational autonomy[104]. - The company has established an independent financial department with its own accounting system and tax obligations[105]. - The company adheres to the information disclosure requirements set by the Shenzhen Stock Exchange, ensuring timely and accurate communication with shareholders[104]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[156]. - The company reported a total sulfur dioxide emissions of 1,841.477 tons/year, nitrogen oxides at 1,877.707 tons/year, and particulate matter at 496.297 tons/year, exceeding the approved emission limits[158]. - The company has implemented two new environmental protection projects in 2021, including a waste alkali treatment project and a tail gas treatment system for the sulfur workshop[163]. Social Responsibility - The company donated a total of 1.7379 million yuan for poverty alleviation and rural revitalization efforts in 2021, including 800,000 yuan to designated assistance areas[168]. - The company’s commitment to social responsibility is evident through its various initiatives aimed at enhancing the self-sufficiency of impoverished regions[170]. Shareholder Information - The total number of shares remains unchanged at 1,599,442,537, with no new shares issued[189]. - The largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holds 27.16% of shares, totaling 434,445,409 shares[194]. - The company’s controlling shareholder remains unchanged during the reporting period[197].

Financial Performance - The company's operating revenue for Q1 2022 was ¥10,694,205,315.13, representing a 37.88% increase compared to ¥7,756,365,667.23 in the same period last year[4] - The net profit attributable to shareholders of the listed company decreased by 45.12% to ¥284,066,351.74 from ¥517,578,841.71 in the previous year[4] - The basic earnings per share dropped by 45.12% to ¥0.1776 from ¥0.3333 in the previous year[4] - Net profit for the current period was ¥291,776,076.69, a decrease of 45.3% from ¥536,914,423.44 in the previous period[24] - Basic earnings per share for the current period were ¥0.1776, down from ¥0.3236 in the previous period[27] - The total comprehensive income for the current period was ¥291,776,076.69, compared to ¥536,914,423.44 in the previous period, indicating a decline of 45.3%[27] Cash Flow - The net cash flow from operating activities was negative at -¥2,660,299,246.81, a decline of 128.08% compared to -¥1,166,409,681.54 in the same period last year[4] - Cash flow from operating activities totaled ¥13,133,409,156.72, an increase of 35.5% compared to ¥9,720,959,729.98 in the previous period[28] - The net cash flow from operating activities was -$2.66 billion, compared to -$1.17 billion in the previous period, indicating a significant decline in operational cash generation[31] - Total cash outflow from operating activities increased to $15.79 billion from $10.89 billion, reflecting higher operational expenses[31] - Cash flow from investing activities showed a net outflow of -$56.73 million, an improvement from -$90.57 million in the prior period[31] - Cash flow from financing activities resulted in a net outflow of -$981.34 million, contrasting with a net inflow of $86.53 million previously, indicating increased debt repayment[31] - The company reported a significant increase in cash outflow for debt repayment, which rose to $892.01 million from $223.69 million[31] - The company’s cash outflow related to investing activities decreased, with cash paid for fixed assets dropping to $56.73 million from $90.57 million[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥31,918,489,419.08, a decrease of 3.49% from ¥33,072,439,232.26 at the end of the previous year[4] - The company's total current assets decreased from 17,755,260,742.20 to 16,985,335,266.58, a decline of approximately 4.33%[14] - Total assets decreased from 33,072,439,232.26 to 31,918,489,419.08, a reduction of approximately 3.48%[17] - Current liabilities rose from 7,711,417,892.20 to 8,020,679,326.60, an increase of about 4.00%[17] - Total liabilities decreased to ¥16,759,423,250.39 from ¥18,139,600,126.05, reflecting a reduction of 7.6%[20] - Non-current liabilities decreased from 10,064,349,775.81 to 8,384,212,352.36, a reduction of about 16.73%[17] Inventory and Receivables - Accounts receivable increased by 429.23% to ¥873,017,097.64, indicating a significant rise in normal business operations[8] - Inventory rose by 53.71% to ¥6,876,024,902.78, attributed to rising international oil prices and decreased sales due to the pandemic[8] - The company reported a significant increase in accounts receivable from 164,960,087.07 to 873,017,097.64, an increase of approximately 429.36%[14] - Inventory increased significantly from 4,473,446,856.63 to 6,876,024,902.78, representing a growth of about 53.67%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 1,604, with the largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holding 27.16% of shares, equating to 434,445,409 shares[11] Expenses - Total operating costs for the current period were ¥10,301,279,512.54, up 45.5% from ¥7,078,521,192.15 in the previous period[21] - Research and development expenses for the current period were ¥25,814,453.57, slightly down from ¥28,042,241.22 in the previous period[24] - The company reported a decrease in financial expenses to ¥56,089,898.33 from ¥77,095,272.36, a reduction of 27.2%[24]

Financial Performance - The company's operating revenue for 2021 was ¥38,552,307,081.15, representing a 26.66% increase compared to ¥30,437,437,454.92 in 2020[26] - The net profit attributable to shareholders for 2021 was ¥893,882,586.08, a significant increase of 175.47% from ¥324,489,612.57 in 2020[26] - The net profit after deducting non-recurring gains and losses was ¥883,727,611.59, up 246.29% from ¥255,201,758.12 in the previous year[26] - The basic earnings per share for 2021 was ¥0.56, an increase of 180.00% compared to ¥0.20 in 2020[26] - The total assets at the end of 2021 amounted to ¥32,115,865,058.05, reflecting a 15.11% increase from ¥27,899,652,411.93 at the end of 2020[26] - The net assets attributable to shareholders at the end of 2021 were ¥14,280,348,965.29, a 5.50% increase from ¥13,535,819,313.84 at the end of 2020[26] - The company generated a net cash flow from operating activities of ¥2,804,759,467.21, slightly down by 0.35% from ¥2,814,637,063.20 in 2020[26] - The weighted average return on net assets for 2021 was 6.43%, up from 2.40% in 2020, indicating improved profitability[26] Revenue Breakdown - Total revenue for the year reached ¥38,542,307,181.15, with a quarterly breakdown of ¥7,745,509,915.18 in Q1, ¥10,891,695,215.58 in Q2, ¥6,235,275,879.30 in Q3, and ¥13,679,826,071.09 in Q4[31] - Net profit attributable to shareholders was ¥533,075,239.71 in Q1, ¥166,057,330.01 in Q2, a loss of ¥177,620,376.95 in Q3, and ¥372,370,393.31 in Q4, indicating volatility in profitability throughout the year[31] - The net cash flow from operating activities showed significant fluctuations, with a negative cash flow of ¥1,066,463,731.03 in Q1, positive cash flow of ¥2,090,421,328.43 in Q2, a negative cash flow of ¥3,061,947,259.92 in Q3, and a positive cash flow of ¥4,842,749,129.73 in Q4[31] Industry Performance - The petrochemical industry saw a revenue profit margin of 8.04% in 2021, the highest level since 2010, reflecting a year-on-year increase of 3.43 percentage points[37] - The refining sector achieved a revenue of ¥4.4 trillion and a profit of ¥187.4 billion, marking year-on-year growth of 30.1% and 318.2%, respectively[37] - The chemical industry reached a revenue of ¥8.7 trillion and a profit of ¥793.2 billion, with year-on-year growth of 31.1% and 85.4%, respectively, setting historical highs[37] - In 2021, the crude oil processing volume exceeded 700 million tons, reaching 703 million tons, a year-on-year increase of 4.3%[38] Product and Market Development - The company focuses on the production and sales of petrochemicals and chemical fertilizers, with key products including diesel, polypropylene, polyethylene, and ABS resins[39] - The company developed 330 new customers, significantly increasing the number of strategic and terminal clients[47] - New product development led to the trial production and promotion of 8 new polyolefin grades, contributing positively to revenue[50] - The company aims to produce 12,000 tons of the new polyethylene WP4570-H product, which has received initial recognition from downstream manufacturers[66] Cash Flow and Investments - Operating cash inflow increased by 29.70% to ¥44,265,298,111.68 in 2021, while operating cash outflow rose by 32.40% to ¥41,460,538,644.47[74] - Investment cash inflow decreased significantly by 90.66% to ¥11,612,478.19, primarily due to the previous year's recovery of financial investments[74] - The company achieved a net increase in cash and cash equivalents of ¥1,802,009,973.61, a substantial increase of 176.72% year-on-year[74] Environmental and Social Responsibility - The company reported a total sulfur dioxide emissions of 1841.477 tons/year, nitrogen oxides at 1877.707 tons/year, and particulate matter at 496.297 tons/year, exceeding the approved emission limits[158] - The company has implemented environmental protection measures, including the construction of two new environmental projects in 2021, aimed at reducing emissions and improving waste management[163] - The company donated a total of 1.7379 million yuan for poverty alleviation and rural revitalization efforts in 2021, including 800,000 yuan to designated assistance areas[168] - The company emphasizes the importance of environmental protection and sustainable development, increasing investment in environmental initiatives and improving resource utilization efficiency[167] Governance and Management - The company maintains independence from its controlling shareholder in five aspects: business, personnel, assets, organization, and finance[104] - The company has established an independent financial department with its own accounting system and tax obligations[105] - The company has a robust governance structure to protect investor rights, ensuring fair and timely information disclosure to all shareholders[164] - The company has established a scientific compensation management system and benefits-sharing mechanism to protect employee rights and enhance workplace safety[164] Shareholder Information - The total number of common shareholders at the end of the reporting period was 53,604, a decrease from 55,439 in the previous month[197] - The largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holds 27.16% of shares, totaling 434,445,409 shares[197] - The company has not experienced any changes in its controlling shareholder during the reporting period[200] - The top ten unrestricted shareholders did not engage in any repurchase agreements during the reporting period[197]

Financial Performance - The company's operating revenue for Q3 2021 was ¥6,235,275,879.30, a decrease of 12.78% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥177,620,376.95, representing a decline of 135.37% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥188,839,880.94, down 138.31% from the previous year[3]. - Total operating revenue for the current period reached ¥24,872,481,010.06, an increase of 21.5% compared to ¥20,412,384,633.87 in the previous period[21]. - Net profit for the current period was ¥552,187,597.52, a significant recovery from a net loss of ¥177,647,268.14 in the previous period[24]. - Earnings per share (EPS) for the current period was ¥0.3261, compared to a loss per share of ¥0.1044 in the previous period[27]. - The company reported a total profit of ¥680,390,323.82, recovering from a loss of ¥104,166,754.63 in the previous period[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥30,668,452,633.69, an increase of 9.92% compared to the end of the previous year[3]. - Total assets reached RMB 30.67 billion, compared to RMB 27.90 billion at the end of 2020, marking an increase of 9.9%[16]. - Total liabilities were RMB 7.41 billion, slightly down from RMB 7.48 billion, showing a decrease of 0.9%[16]. - Total liabilities increased to ¥16,152,131,335.22 from ¥13,787,713,303.31, marking a rise of 25.5%[20]. - The total non-current liabilities amounted to ¥8,738,513,995.29, an increase from ¥6,306,610,511.71, reflecting a growth of 38.6%[20]. - The company’s total assets amounted to 27,899,652,411.93, remaining unchanged from the previous period[37]. - The total liabilities were 7,481,102,791.60, consistent with the previous period[37]. Cash Flow - The company's cash flow from operating activities was -¥971,525,931.49 for the year-to-date period[3]. - Cash inflow from operating activities totaled ¥28,727,272,720.25, an increase from ¥23,687,751,777.25 in the previous period[30]. - The net cash flow from operating activities was -971,525,931.49, compared to -971,972,183.03 in the previous period[31]. - Total cash outflow from operating activities amounted to 29,698,798,651.74, an increase from 24,659,723,960.28 in the prior period[31]. - Cash inflow from investment activities was 10,469,007.00, down from 106,008,913.12 in the previous period[31]. - The net cash flow from investment activities was -183,377,619.21, compared to 1,972,651.23 in the prior period[31]. - Cash inflow from financing activities totaled 3,810,000,000.00, a decrease from 9,542,734,200.00 in the previous period[31]. - The net cash flow from financing activities was 428,087,180.72, compared to -503,557,794.08 in the prior period[31]. - The ending balance of cash and cash equivalents was 7,040,119,608.38, compared to 5,642,184,824.18 in the previous period[31]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 54,424, with the largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holding 27.16% of shares[11]. - The largest shareholder, Northern Huajin Chemical Industry Group Co., Ltd., holds 434,445,409 shares, representing a significant portion of the company's equity[11]. - The number of preferred shareholders was not applicable, indicating no changes in this area[14]. Inventory and Receivables - The company's inventory increased by 85.41% to ¥5,264,274,914.38, influenced by rising crude oil prices[6]. - The company reported a significant increase in accounts receivable, which rose by 221.14% to ¥611,683,452.48, attributed to normal business operations[6]. - Inventory as of September 30, 2021, was RMB 5.26 billion, up from RMB 2.84 billion at the end of 2020, indicating an increase of 85.5%[14]. - Accounts receivable increased to RMB 611.68 million from RMB 190.47 million, reflecting a growth of 221.5%[14]. - The company reported a significant increase in prepayments, which rose to RMB 2.86 billion from RMB 1.82 billion, a growth of 57.2%[14]. Expenses - The company's management expenses rose by 30.70% to ¥1,149,446,298.50 due to major maintenance activities[7]. - Research and development expenses for the current period were ¥76,383,277.95, slightly up from ¥74,653,736.09 in the previous period[24]. - The company paid 3,224,337,009.65 in taxes, significantly higher than 1,081,371,366.45 in the previous period[31].