Financial Performance - The company's operating revenue for 2022 was ¥3,669,640,281.25, an increase of 2.50% compared to ¥3,580,154,587.89 in 2021[19]. - The net profit attributable to shareholders was -¥91,448,081.19, showing an improvement of 29.23% from -¥129,223,717.74 in the previous year[19]. - The net cash flow from operating activities increased by 94.51% to ¥328,508,145.22, compared to ¥168,886,089.53 in 2021[19]. - Total assets at the end of 2022 reached ¥10,514,182,350.70, a growth of 19.85% from ¥8,772,528,997.54 in 2021[19]. - The net assets attributable to shareholders increased by 46.17% to ¥4,330,555,277.10, up from ¥2,962,765,800.86 in 2021[19]. - The basic earnings per share improved by 33.05% to -¥0.0399 from -¥0.0596 in 2021[19]. - The weighted average return on equity was -2.59%, an improvement from -4.25% in the previous year[19]. Market and Industry Insights - The company acknowledges ongoing market uncertainties for its main products in 2023, urging investors to be cautious[3]. - The carbon fiber market demand in China reached approximately 74,000 tons in 2022, representing a growth of about 20% compared to the previous year[34]. - The company anticipates a recovery in the viscose staple fiber market in 2023 due to favorable policies and the resumption of operations in the textile industry[33]. - The carbon fiber market shows promising growth potential, with demand driven by the transition to renewable energy and the rapid growth of recreational sports, particularly for large tow carbon fiber[36]. - The overall fiber industry is expected to improve due to the implementation of "dual circulation" and "domestic unified market" strategies[30]. Operational Efficiency and Strategy - The company reported a significant increase in cash flow from operating activities, indicating improved operational efficiency[19]. - The company implemented a differentiated product strategy in the viscose filament industry to enhance market control and fill market demand gaps, leading to an increase in the number and quality of differentiated products[36]. - The company aims to leverage local resource advantages and accelerate project capacity release to enhance its market presence in the new materials sector[37]. - The company is actively pursuing the carbon fiber industry, supported by local government initiatives and its established influence in the chemical fiber sector[43]. - The company is implementing digital transformation in management and production to improve efficiency and decision-making capabilities[98]. Research and Development - The company has established a stable and strong R&D team, resulting in numerous patents and process innovations to support production and cost control[47]. - The company plans to increase R&D investment to enhance the technological content and added value of viscose filament products, while also entering the carbon fiber new materials market to mitigate risks from product cyclicality[101]. - The company is committed to innovation in the chemical fiber sector, with ongoing research and development initiatives aimed at enhancing product offerings[132]. Environmental Responsibility - The company maintains a commitment to environmental responsibility, adhering to various pollution discharge standards and regulations[181]. - The company has established an emergency response plan for environmental incidents, which has been filed with the Jilin City Environmental Emergency Management Center[181]. - The company has implemented strict environmental protection measures, including regular monitoring of water, air, and noise pollution by qualified third-party agencies[182]. - The company achieved compliance with water pollutant discharge standards, with chemical oxygen demand at 56 mg/l and ammonia nitrogen at 6.4 mg/l, both within regulatory limits[179]. Governance and Management - The company maintains a strong governance structure, ensuring compliance with relevant laws and regulations, and enhancing management transparency and accountability[109]. - The management team is stable and experienced, contributing to the company's ability to maintain low-cost, large-scale, and efficient production[45]. - The company emphasizes the importance of scientific decision-making to protect the rights of shareholders[153]. - The company has a structured approach to determining remuneration based on quantifiable performance indicators[145]. Challenges and Risks - The company anticipates challenges from global inflation and slow economic growth but sees opportunities for transformation and strategic adjustments[94]. - The company faces cyclical risks in the chemical fiber industry, with a potential decline in market demand due to global economic downturns, but anticipates recovery in demand for viscose fibers in the foreseeable future[101]. - The company acknowledges risks in carbon fiber development due to complex processes and high R&D costs, but is committed to accelerating project construction and market expansion[103]. Employee and Social Responsibility - Employee rights are prioritized, with a focus on fair treatment and comprehensive development opportunities[184]. - The company has maintained a commitment to social responsibility, actively participating in local public welfare initiatives and supporting economic development[187]. - The total number of employees at the end of the reporting period is 4,857, with 4,752 from the parent company and 105 from major subsidiaries[159].

Financial Performance - The company's revenue for Q1 2023 was ¥741,218,928.59, a decrease of 20.87% compared to ¥936,708,952.28 in the same period last year[5] - Net profit attributable to shareholders was ¥12,077,686.08, representing a significant increase of 124.65% from a loss of ¥48,998,432.96 in the previous year[5] - Basic earnings per share improved to ¥0.0049, a 121.68% increase from a loss of ¥0.0226 per share in the previous year[5] - Total operating revenue for the current period was ¥741,218,928.59, a decrease of 20.9% from ¥936,708,952.28 in the previous period[18] - Operating profit turned positive at ¥2,099,167.92 compared to a loss of ¥52,407,475.30 in the previous period[19] - Net profit for the current period was ¥12,077,686.08, a significant recovery from a net loss of ¥49,027,510.44 in the previous period[19] - The company reported a total profit of ¥12,710,433.73, recovering from a total loss of ¥52,909,223.07 in the previous period[19] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥40,810,632.29, up 754.32% from ¥4,776,990.24 in the same period last year[5] - Cash flow from operating activities increased to ¥40,810,632.29, compared to ¥4,776,990.24 in the previous period[20] - Cash and cash equivalents at the end of the period reached ¥611,726,589.20, up from ¥165,158,349.84 at the end of the previous period[22] - Investment activities resulted in a net cash outflow of ¥156,228,572.16, compared to a net outflow of ¥10,634,949.41 in the previous period[22] - Financing activities generated a net cash inflow of ¥370,200,898.77, compared to ¥102,170,707.73 in the previous period[22] Assets and Liabilities - Total assets increased by 2.57% to ¥10,784,843,952.35 from ¥10,514,182,350.70 at the end of the previous year[5] - The company's current assets reached CNY 2,676,746,240.66, up from CNY 2,366,206,296.63 at the start of the year, indicating a growth of approximately 13.06%[14] - The total liabilities increased to CNY 6,442,210,989.17 from CNY 6,183,627,073.60, reflecting a rise of about 4.18%[15] - The company's cash and cash equivalents stood at CNY 967,655,029.19, compared to CNY 894,574,783.98 at the beginning of the year, marking an increase of approximately 8.16%[14] - Accounts receivable decreased to CNY 656,312,770.58 from CNY 746,692,493.06, a decline of about 12.09%[14] - Short-term borrowings decreased slightly to CNY 1,906,150,000.00 from CNY 1,970,056,400.48, a reduction of about 3.25%[15] Inventory and Prepayments - The company reported a 40% increase in inventory, amounting to ¥636,105,521.87, due to increased raw materials and carbon fiber production[8] - The inventory level rose significantly to CNY 636,105,521.87 from CNY 455,877,777.40, representing an increase of approximately 39.5%[14] - The company reported a significant increase in prepayments, which rose by 38% to ¥213,458,281.94, reflecting higher advance payments for raw materials[8] Equity and Return on Investment - The weighted average return on equity improved to 0.28%, up from -1.67% in the previous year[5] - The total equity attributable to the parent company was CNY 4,342,632,963.18, showing a marginal increase from CNY 4,330,555,277.10[16] - The company reported a net loss of CNY 654,209,365.93 in retained earnings, slightly improved from a loss of CNY 666,287,052.01 at the beginning of the year[16] Strategic Initiatives - The company is actively engaged in expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[12] - Other income from non-operating activities surged by 119,560% to ¥11,008,720.21, attributed to collaboration with upstream enterprises in developing high-performance carbon fiber[8] - The company experienced a 36% increase in long-term borrowings, totaling ¥1,052,300,000.00, indicating a strategy to secure additional financing[8]

编号：2021001 证券代码：000420 证券简称：吉林化纤 吉林化纤股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------|------------------------------------------------------------------|------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | | □媒体采访 | 业绩说明会 | | 投资者关系活动 | □新闻发布会 | □路演活动 | | 类别 | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 通过全景网"投资者关系互动平台"（ | http://ir.p5w.net ）参与 | | 人员姓名 | 公司 2020 | 年度业绩网上说明会的广大投资者 | | | | | | 时间 | 2021 年 5 月 14 日 | 15:30-17:00 | | 地点 | 全景网"投资者关系互动平台"（ | http ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,169,127,272.86, representing a 24.39% increase year-over-year[7] - The net profit attributable to shareholders for Q3 2022 was ¥6,198,969.11, a significant increase of 115.72% compared to the same period last year[7] - The company's basic earnings per share for Q3 2022 was ¥0.0026, reflecting a 114.42% increase year-over-year[7] - Net profit for the current period was a loss of ¥83,702,929.67, compared to a profit of ¥1,138,099.20 in the previous period[29] - The company reported a comprehensive income total of ¥190,800,500.64, compared to ¥1,138,099.20 in the previous period[31] - Basic and diluted earnings per share were both reported at -0.0396, compared to 0.0006 in the previous period[31] Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥9,872,109,902.60, marking a 12.53% increase from the end of the previous year[7] - The total liabilities decreased to RMB 4,685,678,787.01 from RMB 5,200,168,515.85, showing a reduction of approximately 9.9%[22] - The company's total liabilities amounted to ¥5,541,758,971.89, a decrease from ¥5,814,730,639.99[25] - The total equity attributable to shareholders of the parent company increased to ¥4,330,512,441.64 from ¥2,962,765,800.86, marking a growth of 46.1%[25] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥10,000,863.54, a decrease of 86.37% year-over-year[7] - Cash flow from operating activities was ¥2,178,561,079.67, compared to ¥1,726,871,824.10 in the previous period, indicating an increase of 26.0%[32] - Net cash flow from operating activities was $10,000,863.54, a decrease of 86.4% compared to $73,364,704.74 in the previous period[35] - Cash inflow from financing activities amounted to $3,769,287,662.01, compared to $2,219,913,429.83 in the previous period, reflecting a 69.8% increase[35] - The company reported a net cash increase of $718,635,228.59, compared to $231,788,057.55 in the prior period, indicating improved liquidity[35] Investments and Expenses - The company’s R&D expenses rose by 35.88% to ¥5,328,311.79, driven by increased spending in its subsidiary[11] - Research and development expenses rose to ¥5,328,311.79, up from ¥3,921,428.50, reflecting a growth of 35.9%[26] - The long-term equity investments increased by 367.68% to ¥852,977,526.77 following the acquisition of additional shares in a subsidiary[11] - The long-term equity investments rose to RMB 852,977,526.77 from RMB 182,383,747.85, reflecting an increase of approximately 367.5%[22] Market and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance production efficiency and product offerings[24] - Jilin Chemical Fiber Co., Ltd. reported a significant increase in shareholder equity due to the successful capital raise and improved financial performance[24] Inventory and Receivables - The company reported a 118.34% increase in accounts receivable, totaling ¥966,981,531.96, due to increased export sales to India[11] - Accounts receivable increased significantly to RMB 966,981,531.96 from RMB 442,882,043.50, marking a rise of about 118.5%[19] - Inventory levels decreased to RMB 384,668,358.98 from RMB 794,795,888.87, indicating a reduction of about 51.6%[22] Other Financial Metrics - The company received government subsidies amounting to ¥3,750,999.33 during the reporting period[8] - The financial expenses decreased to ¥146,558,962.18 from ¥204,519,989.55, a reduction of 28.3%[29] - The impact of exchange rate changes on cash and cash equivalents was $5,090,915.06, contrasting with a negative impact of $2,087,121.87 in the previous period[35] - The third quarter report was not audited, which may affect investor confidence in the reported figures[36]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,862,633,391.98, representing a 10.93% increase compared to ¥1,679,051,345.91 in the same period last year[26]. - The net profit attributable to shareholders of the listed company was -¥94,707,831.16, a decrease of 332.30% from ¥40,768,987.99 in the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥41,094,436.96, down 203.57% from ¥39,679,176.08 in the same period last year[26]. - The net cash flow from operating activities was ¥9,563,397.09, a decline of 61.68% compared to ¥24,954,169.69 in the previous year[26]. - The basic earnings per share were -¥0.0437, a decrease of 332.45% from ¥0.0188 in the previous year[26]. - The diluted earnings per share were also -¥0.0437, reflecting the same decline of 332.45% from ¥0.0188 in the previous year[26]. - The weighted average return on equity was -3.25%, down 4.56% from 1.31% in the previous year[26]. - The company's revenue for the reporting period reached ¥1,862,633,391.98, representing a year-on-year increase of 10.93%, driven by a 10.94% rise in filament sales and a 14.69% increase in prices[51]. - The operating cost increased by 21.01% to ¥1,716,145,349.95, primarily due to a rise in filament sales and a 33.59% increase in product costs[51]. - The company reported a net loss of CNY -947,032,286.89 as of June 30, 2022, compared to a loss of CNY -852,324,455.73 at the beginning of the year[159]. Assets and Liabilities - The total assets at the end of the reporting period were ¥9,242,129,170.21, an increase of 5.35% from ¥8,772,528,997.54 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥3,102,878,194.50, up 4.73% from ¥2,962,765,800.86 at the end of the previous year[26]. - Total liabilities reached CNY 6,143,486,807.33, compared to CNY 5,814,730,639.99 at the start of the year, which is an increase of about 5.64%[159]. - The company's equity attributable to shareholders amounted to CNY 3,102,878,194.50, compared to CNY 2,962,765,800.86, reflecting an increase of approximately 4.73%[159]. - Accounts receivable rose to CNY 708,021,899.87, representing 7.66% of total assets, influenced by increased foreign sales and longer collection periods[58]. - Cash and cash equivalents increased by 148.17% to CNY 461,945,574.19, attributed to reduced restricted funds and increased loans[54]. Production and Market Position - The company primarily engages in the production and sales of chemical fibers, including viscose filament, viscose staple fiber, and carbon fiber, with a focus on the manufacturing industry[36]. - Viscose filament production capacity is approximately 80,000 tons per year, positioning the company as a leader in the domestic market, with exports to over 20 provinces and countries including Japan, South Korea, and Germany[40]. - The global viscose filament production capacity is around 280,000 tons, with China accounting for over 75% of this capacity, indicating a strong market presence[36]. - The company’s viscose staple fiber production capacity has been optimized to 120,000 tons per year, contributing nearly one-third to the total sales revenue[40]. - The carbon fiber production line with an annual capacity of 600 tons has been fully constructed and is operational, enhancing the company's position in the carbon fiber market[43]. - The overall demand for carbon fiber is increasing, driven by applications in renewable energy, aerospace, and automotive sectors, positioning the company for future growth[38]. - The viscose filament industry is experiencing consolidation, with a significant increase in market concentration, which is expected to enhance the market control of leading enterprises[42]. - The carbon fiber sector shows strong growth potential, particularly in the civil large tow carbon fiber market, driven by rapid growth in renewable energy sectors such as wind and solar[48]. Research and Development - The company has a strong R&D team and has accumulated nearly 60 years of experience, resulting in numerous patents and process innovations that support continuous improvement in production and cost control[49]. - The company plans to increase R&D investment to enhance the technological content and added value of chemical fiber products, while actively transitioning to carbon fiber new materials[69]. - The company aims to enhance its research and development capabilities to drive future growth[196]. Environmental and Safety Measures - The company plans to continue enhancing its environmental protection efforts and adopt advanced experiences from other manufacturers to improve sustainability in viscose fiber production[44]. - The company has received multiple environmental impact approvals for various production projects, including a 50,000-ton bamboo filament project and a 30,000-ton high-modulus composite project[82]. - The company has established an emergency response plan for environmental incidents and conducts regular monitoring of emissions to comply with environmental regulations[83]. - The company reported a significant focus on reducing carbon emissions, although specific measures and their effects were not detailed[86]. - The company has implemented comprehensive safety production regulations and is enhancing risk management to prevent accidents during the chemical fiber production process[72]. - The company has implemented comprehensive safety management measures, including risk assessments and emergency response training[88]. Shareholder and Corporate Governance - The major shareholder, Jilin Chemical Fiber Group, is currently fulfilling commitments related to industry competition and immediate return measures[92]. - There were no non-operating fund occupations by major shareholders or related parties during the reporting period[93]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[99]. - The total number of ordinary shareholders at the end of the reporting period was 2,168,310, representing 100% ownership[130]. - Jilin Chemical Fiber Group Co., Ltd. holds 14.67% of shares, totaling 318,067,074 shares, with 158,000,000 shares pledged[133]. - The company reported a total of 123.1 million yuan in related party transactions, accounting for 82.81% of similar transaction amounts[100]. - The company has not undergone any bankruptcy restructuring or significant changes in its integrity status during the reporting period[98][99]. - The half-year financial report has not been audited, which may affect the perception of financial reliability[95].

Financial Performance - The company's operating revenue for 2021 was CNY 3,580,154,587.89, representing a 43.22% increase compared to CNY 2,499,714,527.34 in 2020[24]. - The net profit attributable to shareholders was a loss of CNY 129,223,717.74, an improvement of 44.61% from a loss of CNY 233,288,434.13 in the previous year[24]. - The net cash flow from operating activities increased by 65.59% to CNY 168,886,089.53, up from CNY 101,987,965.01 in 2020[24]. - The total assets at the end of 2021 were CNY 8,772,528,997.54, a slight increase of 0.97% from CNY 8,688,283,108.42 at the end of 2020[24]. - The net assets attributable to shareholders decreased by 4.48% to CNY 2,962,765,800.86 from CNY 3,101,743,007.81 in 2020[24]. - The basic earnings per share for 2021 were -CNY 0.0596, an improvement of 44.61% from -CNY 0.1076 in 2020[24]. - The weighted average return on equity was -4.25%, an improvement from -8.06% in the previous year[24]. - The company reported a net profit before and after deducting non-recurring gains and losses, both of which were negative for the last three accounting years[24]. Market and Product Insights - The company’s viscose filament yarn export volume reached 94,487 tons in 2021, marking a year-on-year increase of 70.45%[38]. - The global production capacity of viscose filament yarn is approximately 280,000 tons, with China accounting for over 75% of this capacity[38]. - The apparent consumption of viscose staple fiber in 2021 reached 3.6 million tons, with a year-on-year growth of 8% in yarn production and 7% in fabric production[38]. - The carbon fiber market demand is expected to grow significantly, driven by the transition to green energy and the maturity of the carbon fiber industry chain[38]. - The company is actively extending its product line into the carbon fiber sector, which is anticipated to bring substantial market opportunities[38]. - The company has maintained its leading position in the viscose filament yarn industry, becoming the largest manufacturer globally due to its technological and quality advantages[50]. Production and Capacity - The company has an annual production capacity of approximately 80,000 tons for viscose filament yarn, with a utilization rate of 84.07%[42]. - The production capacity for viscose staple fiber is designed at 120,000 tons per year, with an actual utilization rate of 88.38%[46]. - The company is actively expanding its carbon fiber production, with a planned annual capacity of 600 tons for small tow carbon fiber and 12,000 tons for carbon fiber composite products[42]. - The company has acquired a 49% stake in Jilin Baojing, focusing on the research, production, and sales of large tow, low-cost carbon fiber[42]. Cost and Pricing - The average price of viscose filament cotton pulp increased by 4.31% year-on-year to 8,064 RMB/ton, while viscose staple fiber pulp rose by 31.67% to 6,286 RMB/ton[45]. - The company faced increased production costs due to rising prices of raw materials and energy, impacting the profitability of the viscose fiber industry[38]. - The company reported a significant increase in raw material costs, with over 16% rise in material costs due to global commodity price fluctuations[45]. Research and Development - The company has a stable and strong R&D team, with nearly 60 years of experience, supporting continuous product upgrades and cost control[53]. - The company is increasing R&D investment to enhance the technological content and added value of viscose fiber products while actively transitioning to carbon fiber new materials[98]. - New product development initiatives are underway, with an investment of 500 million yuan allocated for R&D in advanced fiber technologies[125]. Corporate Governance and Compliance - The company is committed to improving its governance structure and ensuring compliance with relevant laws and regulations to protect investor rights[108]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring a clear and independent operational framework[109]. - The company has established communication channels with investors through various means, including phone and email, to improve transparency and trust[170]. Environmental and Safety Management - The company emphasizes environmental protection and has integrated energy-saving and emission-reduction efforts into its operational agenda, ensuring compliance with relevant regulations[171]. - The company has implemented emergency response plans for environmental incidents as required by environmental protection departments[167]. - The company has implemented measures to strengthen safety management and risk control following a significant production safety incident in February 2021, including comprehensive inspections and emergency response training[173]. Employee and Remuneration Policies - The company emphasizes a performance-based compensation policy, linking employee pay to work efficiency and individual performance[147]. - The total pre-tax remuneration for directors, supervisors, and senior management amounted to 1.03 million yuan[133]. - The company has implemented a salary structure that reflects the importance and risk of each position[131]. Strategic Initiatives and Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12% based on market expansion strategies[125]. - The company plans to raise funds for a 12,000-ton carbon fiber composite materials project, which is expected to enhance market expansion and improve performance returns for investors[97]. - A strategic acquisition of a local competitor is in progress, expected to enhance production capacity by 30%[125].

Financial Performance - The company's revenue for Q1 2022 was ¥936,708,952.28, representing a 4.92% increase compared to ¥892,798,090.79 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥48,998,432.96, a decline of 254.66% from a profit of ¥31,681,174.94 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 936.71 million, an increase of 4.9% compared to CNY 892.80 million in Q1 2021[22] - Net profit for Q1 2022 was a loss of CNY 49.03 million, compared to a profit of CNY 31.55 million in Q1 2021[23] - The weighted average return on equity was -1.67%, down from 1.00% in the previous year, indicating a decline in profitability[4] - The company’s earnings per share (EPS) for Q1 2022 was -0.0226, compared to 0.0146 in Q1 2021, indicating a decline in profitability[24] Cash Flow and Liquidity - The net cash flow from operating activities increased by 164.69% to ¥4,776,990.24, up from ¥1,804,775.78 in the same period last year[4] - Cash flow from operating activities showed a negative trend, indicating potential liquidity challenges moving forward[25] - Operating cash inflow for the current period was CNY 433,036,204.60, an increase from CNY 418,586,249.85 in the previous period[28] - Cash outflow for employee payments increased to CNY 129,044,350.73 from CNY 87,710,107.25[28] - Cash inflow from financing activities totaled CNY 1,049,618,000.00, compared to CNY 510,554,166.60 in the previous period[28] - Cash outflow for debt repayment was CNY 488,572,735.62, significantly higher than CNY 131,000,000.00 last year[29] - The net increase in cash and cash equivalents was CNY 96,079,174.93, reversing a decrease of CNY 78,368,760.48 in the previous period[29] - The ending balance of cash and cash equivalents reached CNY 165,158,349.84, up from CNY 100,280,725.34[29] - Cash received from tax refunds was CNY 20,646,411.65, a notable increase from CNY 4,512,455.01[27] - Cash received from other operating activities was CNY 6,276,827.10, compared to CNY 4,097,045.91 previously[27] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,931,478,277.09, an increase of 1.81% from ¥8,772,528,997.54 at the end of the previous year[4] - The total assets of Jilin Chemical Fiber Co., Ltd. reached approximately CNY 8.93 billion, an increase from CNY 8.77 billion at the beginning of the year, reflecting a growth of about 1.82%[16] - The company's total liabilities increased to CNY 6.02 billion in Q1 2022 from CNY 5.81 billion in Q1 2021, reflecting a growth of 3.6%[19] - The total equity attributable to shareholders decreased to CNY 2.91 billion in Q1 2022 from CNY 2.96 billion in Q1 2021, a decline of 1.7%[19] - The company experienced a 57.86% decrease in non-current liabilities due within one year, dropping to ¥19,364.27, reflecting a reduction in long-term borrowings due[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 60,590, with the largest shareholder holding 14.67% of the shares[11] - The company reported a total of 10 major shareholders, with the largest being Jilin Chemical Fiber Group Co., Ltd., holding 318,067,074 shares[14] Expenses and Investments - The company reported a significant increase in management expenses by 113.08% to ¥5,286.31, attributed to pandemic-related production losses and prevention expenditures[10] - Research and development expenses for Q1 2022 were CNY 1.23 million, slightly down from CNY 1.34 million in Q1 2021[22] - Long-term equity investments increased to CNY 200.22 million from CNY 182.38 million, marking an increase of approximately 9.76%[17] - The company's fixed assets decreased slightly to CNY 5.23 billion from CNY 5.25 billion, a decline of about 0.05%[17] Inventory and Receivables - Accounts receivable increased by 46.56% to ¥64,906.76, indicating a rise in sales or credit terms[8] - Accounts receivable rose to CNY 649.07 million from CNY 442.88 million, representing a significant increase of about 46.67%[17] - Inventory decreased to CNY 614.26 million from CNY 794.80 million, showing a reduction of approximately 22.66%[17] Future Plans and Measures - The company plans to proceed with a non-public offering of shares, which was approved by the China Securities Regulatory Commission on March 28, 2022[15] - The company implemented production reduction measures in response to the COVID-19 outbreak in early March 2022[15]

Revenue and Profitability - Revenue for Q3 2021 reached ¥939,851,958.90, an increase of 31.00% year-over-year, while year-to-date revenue totaled ¥2,618,903,304.81, up 57.74% compared to the same period last year[4] - Net profit attributable to shareholders was -¥39,437,039.52 for Q3 2021, a decline of 69.35% year-over-year, with a year-to-date net profit of ¥1,331,948.47, reflecting a 100.63% increase[4] - The company experienced a 57.74% increase in operating income due to higher sales volumes of main products compared to the previous year[9] - The company reported a basic earnings per share of -¥0.0182 for Q3 2021, reflecting an 18.00% decrease year-over-year[4] - The net profit for the current period was ¥1,138,099.20, a turnaround from a net loss of ¥206,775,404.10 in the previous period[23] - The operating profit for the current period was ¥7,908,607.44, compared to a loss of ¥210,346,323.59 in the previous period[23] - Basic earnings per share for the current period were ¥0.0006, recovering from a loss of ¥0.1066 in the previous period[25] - The company reported a total comprehensive income of ¥1,138,099.20, compared to a comprehensive loss of ¥206,775,404.10 in the previous period[25] Cash Flow and Financial Activities - The company reported a significant increase in cash flow from operating activities, with a year-to-date net cash flow of ¥73,364,704.74, up 788.69% compared to the previous year[4] - Cash flow from operating activities generated a net cash inflow of ¥73,364,704.74, contrasting with a net outflow of ¥10,652,763.84 in the previous period[28] - The total cash inflow from operating activities was ¥1,726,871,824.10, compared to ¥1,151,275,990.16 in the previous period, indicating a growth of 50%[28] - The net cash flow from investment activities was -52,850,124.23 CNY, compared to -96,851,353.73 CNY in the previous period, indicating an improvement[30] - The total cash inflow from financing activities was 2,219,913,429.83 CNY, while cash outflow was 2,006,552,830.92 CNY, resulting in a net cash flow of 213,360,598.91 CNY[30] - The ending balance of cash and cash equivalents increased to 410,437,543.37 CNY from 357,539,064.61 CNY in the previous period[30] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥8,666,700,298.51, a slight decrease of 0.25% from the end of the previous year[6] - Current assets totaled CNY 2,273,360,325.95, down from CNY 2,371,007,420.06 at the end of 2020, reflecting a decrease of approximately 4.1%[16] - Total liabilities stood at CNY 5,625,666,166.83, slightly up from CNY 5,576,125,475.94 at the end of 2020[20] - The total equity attributable to shareholders was CNY 3,042,527,077.66, down from CNY 3,101,743,007.81 at the end of 2020[20] - Short-term borrowings decreased to CNY 1,785,484,850.97 from CNY 2,181,428,505.97, reflecting a reduction of approximately 18.2%[18] - The company’s non-current liabilities decreased significantly to CNY 275,984,734.29 from CNY 594,444,953.68, indicating a reduction of about 53.6%[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 52,451, with the largest shareholder holding 14.67% of the shares[12] Government Support - The company received government subsidies amounting to ¥782,678.82 during the reporting period[7] Inventory and Receivables - Accounts payable increased by 32.95% to ¥1,103,828,485.77, attributed to increased procurement of materials and energy[9] - Accounts receivable rose to CNY 437,470,948.81, compared to CNY 436,577,362.16 at the end of 2020, indicating a marginal increase[16] - Inventory increased to CNY 761,879,634.11 from CNY 730,862,793.48, marking an increase of approximately 4.3%[16] Research and Development - Research and development expenses for the current period were ¥3,921,428.50, slightly down from ¥4,144,999.47 in the previous period[23] Financial Reporting and Adjustments - The third quarter report for 2021 was not audited[38] - The company implemented a new leasing standard starting January 1, 2021, resulting in adjustments to fixed assets and lease liabilities[37] - Fixed assets were reduced by ¥133,768,278.02, while right-of-use assets increased by the same amount[37] - Long-term payables decreased by ¥81,488,721.42, and lease liabilities increased by the same amount[37] - As of March 31, 2021, fixed assets were adjusted down to ¥131,209,623.04, and right-of-use assets were adjusted up to the same amount[37] - Long-term payables were reduced to ¥62,139,583.13, with lease liabilities adjusted up to the same amount[37]

资 产 负 债 表 | --- | --- | --- | --- | --- | |----------------------------------------------|---------------------------------|---------------------------|---------------------------------------------------------------------|--------------------------------------------| | 编制单位：吉林化纤股份有限公司 \n 资 产 | 合并数 \n2021 年 6 月 30 日 | \n2020 年 12 月 31 日 | 母公司数 \n2021 年 6 月 30 日 | 单位：人民币元 \n2020 年 12 月 31 日 | | 流动资产 : | | | | | | 货币资金 | | | 823,662,257.87 885,603,752.67 820,910,060.06 880,503,837.05 | | | 结算备付金 | | | | | | 拆出 ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,679,051,345.91, representing a 65.71% increase compared to CNY 1,013,270,792.30 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 40,768,987.99, a significant turnaround from a loss of CNY 81,422,028.94 in the previous year, marking a 150.07% increase[23]. - The net cash flow from operating activities was CNY 24,954,169.69, improving by 123.50% from a negative cash flow of CNY 106,193,692.23 in the same period last year[23]. - Basic and diluted earnings per share were both CNY 0.0188, compared to a loss of CNY 0.0413 per share in the previous year, reflecting a 145.52% increase[23]. - The weighted average return on equity was 1.31%, an increase of 4.05% from -2.74% in the same period last year[23]. - The gross profit margin for the chemical fiber segment was 15.47%, with operating revenue increasing by 65.71% and operating costs increasing by 67.55% year-on-year[49]. - The total profit for the first half of 2021 was CNY 39,380,152.77, compared to a total loss of CNY 80,859,067.61 in the first half of 2020[172]. - The company's total comprehensive income for the first half of 2021 was CNY 40,575,138.72, compared to a total comprehensive loss of CNY 77,587,225.28 in the first half of 2020[172]. Cash Flow and Liquidity - The company's cash and cash equivalents increased by 973.44% to ¥186,143,327.62, driven by improved cash collection[47]. - The company's cash and cash equivalents decreased to CNY 820,910,060.06 as of June 30, 2021, down from CNY 880,503,837.05 at the end of 2020, a decline of approximately 6.8%[162]. - The ending balance of cash and cash equivalents was ¥364,792,813.44, compared to ¥400,308,524.06 at the end of the first half of 2020[184]. - The total cash inflow from operating activities reached ¥1,026,320,819.47, compared to ¥742,365,441.94 in the previous year, indicating a year-over-year increase of approximately 38.3%[180]. - The net cash flow from operating activities for the first half of 2021 was ¥24,954,169.69, a significant improvement from a net outflow of ¥106,193,692.23 in the same period of 2020[180]. Business Operations - The main business remains focused on the production and sales of viscose fibers, including viscose filament and short fibers, with ongoing construction of a carbon fiber project by its wholly-owned subsidiary[31]. - The domestic viscose filament industry is experiencing a recovery, with overall economic performance improving, but international demand remains affected by ongoing COVID-19 outbreaks in countries like India[32]. - The viscose staple fiber market is currently in a state of oversupply, with production capacity reaching 120,000 tons per year, and it has accounted for over one-third of the company's total sales during the reporting period[34][37]. - The company has optimized its production processes, resulting in a significant reduction in unit production costs and improved overall efficiency[38]. - The company has established itself as the largest viscose filament manufacturer globally, benefiting from the exit of less competitive players in the market[41]. - The company is focusing on innovation and upgrading its product offerings while also actively transitioning towards carbon fiber production[43]. Research and Development - The company has a strong R&D team and has accumulated nearly 60 years of experience, leading to numerous patents and process innovations[44]. - The company plans to increase R&D investment to enhance the technological content and added value of viscose fiber products while actively transitioning to carbon fiber new materials[60]. Environmental and Social Responsibility - Jilin Chemical Fiber Co., Ltd. reported a total wastewater discharge of 960 tons for chemical oxygen demand, which is below the approved limit of 1161 tons[77]. - The company achieved a total ammonia nitrogen discharge of 150 tons, also below the approved limit of 179 tons[77]. - The company has been actively involved in poverty alleviation efforts, providing assistance to impoverished households in Ma Hutou Village, including food and financial support[81]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[84]. - The company has not issued any external guarantees that violate regulations during the reporting period[85]. - The total amount of related party transactions for the first half of 2021 was 1,352.65 million yuan, with a significant portion (88.68%) attributed to the purchase of compressed air[94]. - The company’s major shareholder, a state-owned entity, holds 64.79% of the shares, while domestic private investors hold 35.21%[120]. Risks and Challenges - The company faces cyclical risks in the chemical fiber industry, influenced by global economic fluctuations and the ongoing recovery from the COVID-19 pandemic[58]. - The price of main raw materials, particularly pulp, has increased significantly, impacting production costs and future performance[61]. - The company aims to strengthen market trend analysis and implement effective measures to stabilize supply and reduce procurement costs[61]. Capital and Financing - The company issued 197,604,787 new shares through a private placement, raising a total of approximately RMB 329.99 million[121]. - The issuance price for the new shares was set at RMB 1.67 per share[121]. - The net proceeds from the issuance, after deducting related expenses, amounted to approximately RMB 324.85 million[121].