Financial Performance - The company's revenue for Q1 2022 was ¥425,931,034.49, a decrease of 26.04% compared to ¥575,863,461.44 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥41,703,488.59, representing a decline of 164.89% from a profit of ¥64,272,397.32 in the previous year[3] - Total operating revenue for Q1 2022 was ¥425,931,034.49, a decrease of 26% compared to ¥575,863,461.44 in the same period last year[21] - Net profit for Q1 2022 was a loss of ¥41,703,488.59, compared to a profit of ¥64,272,397.32 in Q1 2021[22] - The total comprehensive income attributable to the parent company for Q1 2022 was -41,703,488.59 CNY, compared to 64,272,397.32 CNY in the same period last year[23] - Basic and diluted earnings per share for Q1 2022 were both -0.14 CNY, down from 0.21 CNY in Q1 2021[23] Cash Flow - The net cash flow from operating activities was ¥144,374,805.92, down 8.54% from ¥157,862,429.40 year-on-year[3] - Net cash flow from operating activities for Q1 2022 was 144,374,805.92 CNY, a decrease of 8.1% from 157,862,429.40 CNY in Q1 2021[25] - Cash received from sales of goods and services was 346,783,148.09 CNY, down 1.5% from 351,851,519.68 CNY in the previous year[25] - Total cash outflow from operating activities was 207,909,771.51 CNY, compared to 195,350,988.76 CNY in the same period last year, indicating an increase of 6.5%[25] - The net cash flow from investing activities was -181,610,113.05 CNY, significantly higher than -2,502,557.00 CNY in Q1 2021[26] - Cash and cash equivalents at the end of Q1 2022 were 3,470,469.14 CNY, a decrease from 284,467,788.00 CNY at the end of Q1 2021[27] - The company reported a cash outflow of 1,610,113.05 CNY for the purchase of fixed assets and intangible assets in Q1 2022[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,080,996,740.15, an increase of 0.82% from ¥3,055,844,326.25 at the end of the previous year[3] - Current assets totaled ¥1,597,553,351.16, slightly up from ¥1,566,485,605.87 at the beginning of the year[16] - Total liabilities amounted to ¥464,980,569.88, an increase from ¥398,042,780.89 at the beginning of the year[18] - The company’s fixed assets decreased from ¥1,371,617,069.41 to ¥1,342,952,562.54, a decline of about 2%[17] - The company's inventory increased by 100.54% to ¥282,882,283.48, primarily due to an increase in product stock[7] - Inventory increased to ¥282,882,283.48 from ¥141,059,297.82 year-on-year, indicating a growth of 100%[16] - The company reported a significant decrease in accounts receivable, down 66.10% to ¥1,824,764.82, mainly due to reduced receivables from electricity and steam payments[6] - The company reported a decrease in accounts receivable from ¥5,382,113.53 to ¥1,824,764.82, a reduction of approximately 66%[15] Financial Expenses and Subsidies - The company's financial expenses decreased by 68.39% to -¥2,742,990.49, attributed to an increase in time deposits and accrued interest[7] - The company received government subsidies amounting to ¥812,253.72, contributing to its non-operating income[5] Reporting and Future Focus - Research and development expenses were not explicitly reported, indicating a potential area for future investment focus[22] - The company did not conduct any audited financial reporting for the first quarter[28] - The report was released by the board of directors on April 28, 2022[29]

Financial Performance - Operating revenue for Q3 2021 was CNY 603,584,721.41, a decrease of 2.44% year-on-year, while year-to-date revenue increased by 33.07% to CNY 1,855,221,588.72[4] - Net profit attributable to shareholders was a loss of CNY 13,986,592.87, down 129.60% year-on-year, but year-to-date net profit increased by 350.98% to CNY 165,387,621.87[4] - Basic earnings per share for Q3 2021 was -CNY 0.05, a decrease of 131.25% year-on-year, while year-to-date earnings per share increased by 358.33% to CNY 0.55[4] - Total operating revenue for the third quarter of 2021 reached ¥1,855,221,588.72, an increase of 33.06% compared to ¥1,394,135,645.46 in the same period last year[20] - Net profit for the third quarter was ¥165,387,621.87, representing a significant increase of 351.36% compared to ¥36,672,692.17 in the previous year[20] - The net profit attributable to the parent company for Q3 2021 was CNY 165,387,621.87, compared to CNY 36,672,692.17 in the same period last year, representing a significant increase[21] - Basic and diluted earnings per share for Q3 2021 were both CNY 0.55, up from CNY 0.12 in Q3 2020[21] - The company’s total comprehensive income for Q3 2021 was CNY 165,387,621.87, compared to CNY 36,672,692.17 in the same period last year[21] Assets and Liabilities - Total assets at the end of Q3 2021 were CNY 3,321,338,373.42, an increase of 5.97% compared to the end of the previous year[4] - As of September 30, 2021, total assets were ¥3,321,338,373.42, an increase from ¥3,134,204,218.65 at the end of 2020[18] - Current assets totaled ¥1,849,925,338.86, up from ¥1,590,611,511.82 at the end of 2020, reflecting a growth of 16.26%[17] - Total liabilities were ¥499,678,198.87, up from ¥436,644,504.11, reflecting a growth of 14.43%[18] - The company's equity attributable to shareholders reached ¥2,821,660,174.55, an increase from ¥2,697,559,714.54 at the end of 2020, showing a growth of 4.6%[18] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 200,093,270.72, an increase of 79.01%[4] - Cash flow from operating activities for Q3 2021 was CNY 200,093,270.72, compared to CNY 111,778,106.38 in Q3 2020, indicating a strong improvement[24] - Total cash inflow from operating activities was CNY 1,046,822,974.94, up from CNY 591,091,446.93 in the previous year[24] - Cash outflow from operating activities was CNY 846,729,704.22, compared to CNY 479,313,340.55 in Q3 2020[24] - The cash and cash equivalents at the end of Q3 2021 were CNY 98,952,220.84, a decrease from CNY 332,791,764.56 at the end of Q3 2020[25] - The company reported cash received from sales of goods and services amounting to CNY 1,020,409,330.05, compared to CNY 573,840,879.26 in the previous year[23] Expenses - Total operating costs amounted to ¥1,650,103,838.25, up 24.36% from ¥1,326,833,425.89 year-on-year[20] - The company reported a significant increase in tax expenses, which rose to ¥57,744,621.01 from ¥11,793,505.12, reflecting a growth of 388.06%[20] - The company's financial expenses decreased by 68.3% year-on-year to -CNY 716,550, primarily due to increased interest income[9] - The company paid CNY 215,001,281.41 to employees in Q3 2021, compared to CNY 202,904,846.47 in Q3 2020[24] Other Financial Metrics - The company reported a significant increase in prepayments, which rose by 125.31% to CNY 5,530,400[7] - Government subsidies recognized in Q3 amounted to CNY 966,954.77, with year-to-date total subsidies of CNY 18,706,087.76[6] - The net cash flow from investment activities was -CNY 18,781,670, a decrease of 179.84% year-on-year, mainly due to increased time deposits[11] - The total number of ordinary shareholders at the end of the reporting period was 27,304[12] - Accounts receivable rose to ¥1,070,100,487.54, compared to ¥987,273,804.71 at the end of 2020, indicating an increase of 8.38%[16] - Cash and cash equivalents increased to ¥648,952,220.84 from ¥479,107,915.60, marking a growth of 35.45%[16]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥1,251,636,867.31, representing a 61.40% increase compared to ¥775,470,022.24 in the same period last year[20]. - The net profit attributable to shareholders was ¥179,374,214.74, a significant increase of 1,794.64% from a loss of ¥10,584,780.70 in the previous year[20]. - The net cash flow from operating activities reached ¥256,434,886.81, marking a 160.06% increase from ¥98,605,409.12 in the same period last year[20]. - Basic earnings per share rose to ¥0.59, compared to a loss of ¥0.03 per share in the previous year, reflecting a 2,066.67% improvement[20]. - Total revenue for the reporting period reached ¥1,251,636,867.31, a year-on-year increase of 61.40% compared to ¥775,470,022.24 in the same period last year[39]. - The company achieved operating revenue of 1,251,636,867.31 yuan, a year-on-year increase of 61.40%, and net profit attributable to shareholders of the parent company was 17,937,420 yuan, an increase of 18,995,900 yuan year-on-year[37]. - Operating profit for the first half of 2021 was ¥241,813,423.75, recovering from a loss of ¥11,881,110.89 in the same period of 2020[132]. - The company reported a total comprehensive income of ¥179,396,950.15 for the first half of 2021, compared to a total comprehensive loss of ¥9,898,730.77 in the same period of 2020[136]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,466,909,076.52, up 10.62% from ¥3,134,204,218.65 at the end of the previous year[20]. - Total assets increased to ¥3,489,484,830.44 as of June 30, 2021, up from ¥3,156,727,922.01 at the end of 2020[129]. - Current assets totaled ¥1,979,855,260.77, an increase of 23.6% from ¥1,601,037,570.68 at the end of 2020[128]. - Total liabilities increased to ¥629,640,420.46, compared to ¥435,302,600.56 at the end of 2020, indicating a rise in financial obligations[129]. - The company's total equity attributable to shareholders reached CNY 2,835,956,067.66, an increase from CNY 2,697,559,714.54, reflecting a growth of about 5.1%[125]. Production and Operations - The main business activities include the production and sales of calcium carbide and its derivatives, PVC, caustic soda, and special resins, with a focus on stable supplier and customer relationships[28]. - The company produced 155,700 tons of calcium carbide in the first half of 2021, an increase of 2.23% year-on-year; PVC production was 112,800 tons, a decrease of 5.45% year-on-year; E-PVC production was 24,100 tons, an increase of 23.59% year-on-year; and caustic soda production was 101,300 tons, a decrease of 1.93% year-on-year[29]. - The company is advancing a 300,000-ton calcium carbide technical transformation project, with preliminary design completed by the design unit[30]. - The company has adopted advanced technologies in its production processes, including the use of DuPont's fourth-generation perfluorinated ion exchange membrane for ion membrane caustic soda production[34]. Cost Management - The company implemented a cost reduction and efficiency enhancement plan, achieving a 160.06% increase in cash generated from operating activities, totaling 256,434,886.81 yuan compared to the previous year[37]. - The company reported a 37.21% increase in operating costs, totaling 966,215,934.11 yuan, primarily due to rising raw material prices[37]. - The total operating expenses decreased slightly to ¥1,030,341,586.77 in the first half of 2021 from ¥1,020,408,275.85 in the first half of 2020, indicating better cost management[135]. Environmental and Safety Management - The company has strengthened safety management and environmental protection measures, implementing 43 key safety and environmental tasks during the reporting period[30]. - Environmental protection facilities are operating normally, with all emissions meeting national standards and no pollution incidents reported[72]. - The company achieved a 100% compliance rate in hazardous waste disposal during the reporting period[75]. - The company has implemented a third-party monitoring system for environmental pollutants, ensuring compliance with national standards[75]. - The company conducted multiple emergency drills for environmental incidents in 2021 to enhance employee response capabilities[74]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company has not established any positions in PVC futures hedging during the reporting period[59]. - The independent directors confirmed that the company’s PVC hedging operations comply with relevant laws and regulations, and do not harm the interests of the company and its shareholders[59]. - The company has fulfilled all commitments made by its controlling shareholders and related parties during the reporting period[81]. - The largest shareholder, Guodian Yinglite Energy Chemical Group Co., Ltd., holds 51.25% of the shares, totaling 155,322,687 shares[111]. Risk Management - The company is facing risks related to safety production, quality, and environmental protection, and has implemented measures to mitigate these risks[60]. - The company is aware of market changes and competitive risks, and is taking measures to address these challenges[61]. - The company faces operational risks due to a single product structure and reliance on market fluctuations, particularly in crude oil prices[62]. - The company plans to adjust production types and structures in response to market changes, enhancing competitiveness by optimizing production costs[62]. Related Party Transactions - The company reported a total of 21,348.58 million CNY in related party transactions during the reporting period, with a maximum approved limit of 36,475 million CNY[91]. - The company engaged in procurement transactions with related parties, including 20,450.32 million CNY for raw materials from National Energy Group Ningxia Coal Industry Co., Ltd.[91]. - The company has maintained compliance with the relevant regulations regarding related party transactions[91]. Financial Reporting - The half-year financial report has not been audited[85]. - The financial report was approved by the board on August 18, 2021[168]. - The financial statements accurately reflect the company's financial position as of June 30, 2021, and its operating results and cash flows for the first half of 2021[173].

Financial Performance - The company's operating revenue for Q1 2021 was ¥575,863,461.44, representing a year-on-year increase of 137.89%[7] - The net profit attributable to shareholders was ¥64,272,397.32, a significant increase of 438.05% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥63,472,512.70, up 403.58% year-on-year[7] - Basic earnings per share were ¥0.21, compared to a loss of ¥0.06 in the same period last year, marking a 450.00% increase[7] - The net profit for the first quarter was CNY 64,272,397.32, a turnaround from a net loss of CNY 18,959,691.48 in the same quarter of the previous year[44] - The net profit for the first quarter of 2021 was CNY 64,430,818.77, compared to a net loss of CNY 18,544,869.07 in the same period last year, indicating a significant turnaround[48] - Operating profit reached CNY 86,247,357.71, a substantial increase from a loss of CNY 24,198,663.38 in the previous year[48] - The company reported a total comprehensive income of CNY 64,430,818.77, compared to a comprehensive loss of CNY 18,544,869.07 in the previous year[48] Cash Flow - The net cash flow from operating activities reached ¥157,862,429.40, an increase of 802.60% compared to the previous year[7] - The net cash flow from operating activities for the period was ¥157,862,429.40, representing a year-on-year increase of 808.64%, primarily due to an increase in cash received from sales of goods[18] - Cash flow from operating activities generated CNY 157,862,429.40, a recovery from a negative cash flow of CNY 22,276,965.50 in the prior year[51] - The cash flow from investing activities was negative at CNY -2,502,557.00, down from a positive cash flow of CNY 83,727,207.00 in the prior year[52] - The company did not report any cash inflow from financing activities during this quarter[52] - The net increase in cash and cash equivalents for the first quarter was ¥155,341,526.61, compared to ¥61,544,325.34 in the same period last year[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,382,855,576.29, up 7.93% from the end of the previous year[7] - As of March 31, 2021, the company's total assets amounted to CNY 3,382,855,576.29, an increase from CNY 3,134,204,218.65 on December 31, 2020, reflecting a growth of approximately 7.93%[34] - The company's total current liabilities increased to CNY 612,199,357.95 from CNY 427,847,895.11, marking a rise of about 43%[36] - The total liabilities rose to CNY 618,529,028.34, up from CNY 435,302,600.56 in the previous year[40] - The company's total equity increased to CNY 2,786,939,507.17 from CNY 2,721,425,321.45 year-over-year[40] Investments and Risks - The company has not engaged in any securities investments during the reporting period[21] - The company conducted PVC futures hedging business using its own funds, with a maximum margin not exceeding ¥50 million[24] - The independent directors confirmed that the company's PVC futures hedging business complies with relevant laws and regulations, and the operational procedures are sound[24] - The company has established a complete risk control system for its hedging activities, assessing various risks including legal, credit, operational, and cash flow risks[24] - There were no significant changes in the accounting policies and principles for derivative investments compared to the previous reporting period[24] - The company has not engaged in any entrusted wealth management during the reporting period[28] - There were no instances of non-compliance regarding external guarantees during the reporting period[27] - The company did not report any non-operational fund occupation by controlling shareholders or related parties during the reporting period[28] Operational Costs - The company's operating costs for the period were ¥457,874,073.46, which is a 115.57% increase year-on-year, attributed to higher sales volume[16] - The total operating costs amounted to CNY 490,808,959.95, compared to CNY 241,571,533.79 in the previous year, indicating a rise in costs[43] - Research and development expenses were maintained, indicating a commitment to innovation despite increased operational costs[43] Other Financial Metrics - The cash and cash equivalents at the end of the period were ¥634,467,788.00, reflecting a growth of 32.43% since the beginning of the year[15] - The accounts receivable balance decreased by 97.21% to ¥32,901.11, primarily due to a reduction in receivables from electricity and steam sales[15] - The company's inventory decreased to CNY 98,617,234.86 from CNY 118,860,943.78, a decline of about 17%[34] - The company reported a significant increase in tax payable, which rose to CNY 56,009,443.58 from CNY 24,068,754.82, an increase of approximately 133%[36]

Financial Performance - The company's operating revenue for 2020 was ¥1,955,140,585.69, a decrease of 6.33% compared to ¥2,087,210,111.84 in 2019[19] - The net profit attributable to shareholders for 2020 was ¥69,588,426.26, representing a 36.22% increase from ¥51,084,979.73 in 2019[19] - The net cash flow from operating activities improved significantly to ¥88,223,953.81, a 208.95% increase from -¥80,978,192.92 in 2019[19] - Basic earnings per share for 2020 were ¥0.23, up 35.29% from ¥0.17 in 2019[19] - The net profit after deducting non-recurring gains and losses for 2020 was ¥58,641,084.60, a 34.80% increase from ¥43,501,700.26 in 2019[19] - The total operating revenue for 2020 was CNY 1,955,140,585.69, a decrease of 6.33% compared to CNY 2,087,210,111.84 in 2019[53] - The revenue from the chemical industry accounted for 99.83% of total revenue, with a total of CNY 1,951,852,925.28, reflecting a 6.33% decline year-over-year[53] - PVC sales generated CNY 1,300,615,791.52, representing 66.52% of total revenue, with a 6.90% decrease from the previous year[54] - The total operating cost decreased by 10.17% to CNY 1,148,585,914.82 from CNY 1,278,596,724.18 in 2019[58] - The company achieved a main business revenue of 1,928.19 million yuan, a decrease of 6.28% year-on-year, but the net profit attributable to the parent company increased by 36.22% to 69.59 million yuan[45] Assets and Liabilities - Total assets at the end of 2020 were ¥3,134,204,218.65, an increase of 1.16% from ¥3,098,309,534.22 at the end of 2019[20] - The net assets attributable to shareholders at the end of 2020 were ¥2,697,559,714.54, a 0.97% increase from ¥2,671,731,678.45 at the end of 2019[20] - The company’s fixed assets decreased by 5.53% to CNY 1,433,916,912.63, primarily due to depreciation[73] - The company’s total inventory increased to CNY 118,860,943.78, representing 3.79% of total assets[73] Production and Operations - The company produced 30.66 million tons of calcium carbide, a decrease of 1.86% year-on-year, and 23.48 million tons of PVC, an increase of 3.48% year-on-year[45] - The company’s production capacity utilization rates for general PVC and paste PVC were 106.73% and 107.00%, respectively, indicating high operational efficiency[40] - The company has no abnormal production stoppages during the reporting period, ensuring stable operations[41] - The company’s production capacity for paste resin and its sales performance were key discussion points during investor communications[106] Risk Management - The company acknowledges potential risks including safety production, quality, environmental stability, market changes, and macroeconomic risks[5] - The company maintained a normal and effective comprehensive risk management system throughout the year, with no major risk events occurring[54] - The company has established a comprehensive risk control system for its hedging activities, assessing various risks effectively[80] Environmental and Safety Compliance - The company has maintained a 100% operational rate for environmental protection facilities, ensuring compliance with environmental regulations[47] - The company achieved a 100% compliance rate for hazardous waste disposal, with no environmental pollution incidents reported during the year[157] - The company installed online monitoring systems for COD and ammonia nitrogen at the discharge outlets, with data uploaded to relevant environmental authorities[170] - The company has established a comprehensive safety management system, resulting in zero safety production accidents in 2020[157] Research and Development - The company’s R&D expenses decreased by 21.97% to CNY 1,387,682.19, down from CNY 1,778,441.64 in the previous year[64] - The number of R&D personnel decreased by 82.76% to 5, down from 29 in the previous year[64] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥1.4 per 10 shares, based on a total of 303,087,602 shares[5] - The total distributable profit for 2020 was 393,842,837.63 yuan, with cash dividends constituting 100% of the profit distribution[115] - The company has maintained a cash dividend policy that ensures at least 80% of profits are distributed as dividends during its mature stage[116] - The company’s cash dividend distribution process has been compliant, transparent, and aligned with shareholder interests[110] Strategic Initiatives - The company is currently implementing a "14th Five-Year" development plan, focusing on technological upgrades and production optimization[47] - The company aims to enhance operational efficiency and capitalize on market opportunities despite challenges posed by the pandemic and market fluctuations[36] - The company will focus on project construction, smart chemical industry development, and upgrading industrial technology to promote high-quality growth[93] Management and Governance - The company has maintained a stable management team with no significant changes in shareholding or leadership roles[189] - The management team consists of experienced professionals with backgrounds in engineering and energy management[194] - The company’s independent directors played a significant role in the formulation of the profit distribution policy, ensuring stakeholder interests are protected[109] Community Engagement and Social Responsibility - In 2020, the company actively participated in poverty alleviation efforts, with a total investment of CNY 2.5496 million in various support initiatives[160] - The company aims to continue its social responsibility efforts by supporting employees in accessing social insurance and medical assistance programs[164]

Financial Performance - Operating revenue for the reporting period was ¥618,665,623.22, reflecting a year-on-year increase of 1.27%[7] - Net profit attributable to shareholders was ¥47,257,472.87, a significant increase of 60.46% compared to the same period last year[7] - Basic earnings per share rose to ¥0.16, marking a 60.00% increase year-on-year[7] - The weighted average return on net assets was 1.77%, up by 0.67% compared to the previous year[7] - Operating profit for the period was CNY 59,930,988.41, up from CNY 39,624,345.30, indicating a significant increase of approximately 51.3%[43] - Net profit for Q3 2020 reached CNY 47,257,472.87, compared to CNY 29,451,872.53 in Q3 2019, marking an increase of around 60.4%[43] - The net profit for the third quarter of 2020 was CNY 47,257,472.87, an increase of 60.5% compared to CNY 29,451,872.53 in the same period last year[44] - The net profit for the year-to-date was CNY 36,672,692.17, down from CNY 64,114,509.28, reflecting a decrease of 42.8%[50] Asset and Liability Overview - Total assets at the end of the reporting period reached ¥3,183,109,814.86, an increase of 2.74% compared to the end of the previous year[7] - The total balance of contract liabilities and advance receipts increased by 48.49%, attributed to higher prepayments for product sales[15] - Total liabilities increased to CNY 513,692,789.67 from CNY 423,163,257.68, representing an increase of approximately 21.4%[40] - The company's total equity as of September 30, 2020, was CNY 2,692,046,409.04, slightly down from CNY 2,697,658,407.22, a decrease of about 0.2%[40] - The company's total current liabilities amounted to CNY 412,382,391.07, with accounts payable at CNY 262,788,386.69[65] Cash Flow Analysis - Cash flow from operating activities was ¥13,172,697.26, a decrease of 21.04% compared to the previous period[7] - The net cash flow from operating activities for the current period is 111,778,100 CNY, an increase of 97.57% year-on-year, primarily due to increased cash received from sales and reduced payments for goods and services[17] - The net cash flow from financing activities for the current period is -45,463,100 CNY, a decrease of 87.51% year-on-year, primarily due to increased cash dividends paid[17] - The net cash flow from investment activities for the current period is 235,233,600 CNY, an increase of 670,068.73% year-on-year, primarily due to the maturity of fixed-term deposits[17] - Operating cash flow for the third quarter was CNY 111,778,106.38, an increase of 93.5% from CNY 57,744,311.44 in the previous year[56] Changes in Assets - Prepaid accounts increased by 626.12% compared to the beginning of the period, primarily due to increased procurement payments and railway freight[15] - The balance of other current assets decreased by 72.52%, mainly due to a reduction in time deposits and accrued interest[15] - The company's cash and cash equivalents increased to CNY 502,791,764.56 from CNY 431,243,152.16 at the end of 2019, representing a growth of approximately 16.5%[32] - Accounts receivable rose to CNY 959,368,962.85, up from CNY 802,249,502.23, indicating a growth of about 19.6%[32] - Inventory increased to CNY 121,623,999.17 from CNY 101,965,405.77, reflecting a rise of approximately 19.2%[32] Risk Management and Compliance - The company has established a complete risk control system for its PVC hedging business, with a margin not exceeding CNY 50 million[23] - The independent directors confirmed that the company’s hedging operations comply with relevant laws and regulations, ensuring no harm to the interests of the company and its shareholders[23] - The company reported no significant changes in accounting policies or major risks associated with derivative investments during the reporting period[23] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[26][27] Future Outlook and Strategy - The company plans to continue exploring market expansion opportunities and new product development strategies[53] - The company has committed to maintaining independence in operations and decision-making post-acquisition, ensuring compliance with regulatory requirements[18]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥775,470,022.24, a decrease of 18.84% compared to ¥955,471,573.39 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥10,584,780.70, representing a decline of 130.54% from a profit of ¥34,662,636.75 in the previous year[18]. - The company reported a basic earnings per share of -¥0.03, down 127.27% from ¥0.11 in the same period last year[18]. - The company achieved a total operating income of 776 million yuan, a decrease of 18.84% compared to the same period last year, primarily due to the impact of COVID-19 on sales volume and prices of key products[38]. - The net profit attributable to the parent company was -10.58 million yuan, a decrease of 130.54% year-on-year, mainly due to the decline in sales volume and prices of resin and caustic soda[32]. - The company reported a total revenue of 543.77 million CNY from procurement activities, accounting for 1.01% of the total transaction amount[79]. - The total revenue for the first half of 2020 was 3,301.88 million CNY[80]. - The company reported a total comprehensive income for the first half of 2020 was a loss of ¥10.58 million, compared to a profit of ¥34.66 million in the same period of 2019[148]. Cash Flow and Assets - The net cash flow from operating activities increased by 140.14% to ¥98,605,409.12, compared to ¥41,061,571.94 in the same period last year[18]. - Cash and cash equivalents increased by 532.37% to 136.25 million yuan, driven by improved cash flow from operating and investing activities[39]. - The company reported a net cash flow from operating activities of 98.61 million yuan, an increase of 140.14% year-on-year, attributed to increased cash received from sales[39]. - The company's total assets at the end of the reporting period were ¥3,060,452,734.30, a decrease of 1.22% from ¥3,098,309,534.22 at the end of the previous year[18]. - The company's cash and cash equivalents decreased to ¥487,494,626.00, accounting for 15.93% of total assets, down from 18.04%[46]. - The company's current assets increased to CNY 1,436,050,061.68 from CNY 1,378,711,608.03 at the end of 2019, reflecting a growth of approximately 4.5%[138]. - The total liabilities of the company are not explicitly stated in the provided documents, but the current liabilities are expected to be monitored closely[138]. Production and Sales - In the first half of 2020, the company produced 152,300 tons of calcium carbide, a decrease of 5.22% year-on-year; PVC production was 119,400 tons, an increase of 0.69% year-on-year; E-PVC production was 19,500 tons, an increase of 5.42% year-on-year; and caustic soda production was 103,300 tons, an increase of 2.36% year-on-year[32]. - The company's main business revenue was primarily from the chemical industry, accounting for 99.87% of total revenue, with PVC contributing 64.23%[41]. - The company's total operating revenue for the chemical industry was ¥774,486,898.21, a decrease of 18.81% year-on-year, with a gross margin of 9.20%[43]. - PVC revenue reached ¥498,089,146.91, down 21.57% year-on-year, with a gross margin of 8.98%[43]. - E-PVC revenue increased by 18.40% year-on-year to ¥124,253,605.34, with a gross margin of 2.45%[43]. Environmental and Social Responsibility - The company implemented a series of measures to ensure production safety and environmental protection, including the establishment of an emergency response organization for COVID-19[33]. - The company is committed to social responsibility, focusing on poverty alleviation through skills training and support for employees facing health-related difficulties[103]. - The company has successfully completed all environmental protection goals without any pollution incidents during the reporting period[97]. - The company has obtained environmental impact assessment approvals for multiple projects, including a PVC and caustic soda production project, with the latest approval valid until June 2025[98]. - The company has a 100% disposal rate for hazardous waste and adheres to strict environmental management practices[102]. Shareholder and Governance - The company has 303,087,602 shares outstanding, with 100% being unrestricted shares[115]. - The largest shareholder, Guodian Yinglite Energy Chemical Group Co., Ltd., holds 51.25% of the shares[118]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[121]. - The financial report was approved by the board on August 14, 2020[184]. - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[186]. Compliance and Audit - The half-year financial report has not been audited[71]. - The financial statements of the company comply with the requirements of the accounting standards and reflect the financial position as of June 30, 2020, and the operating results and cash flows for the first half of 2020[188]. - There were no major related party transactions reported during the period[78]. - The company has maintained compliance with its commitments regarding related party transactions[78].

证券代码：000635 证券简称：英力特 公告编号：2020-028 宁夏英力特化工股份有限公司 关于参加"2020年宁夏辖区上市公司投资者网上集体接待日活 动"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、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 为便于广大投资者更深入全面了解宁夏英力特化工股份有限公 司（以下简称"公司"）的发展战略、经营状况、股权激励、可持续 发展等投资者所关心的问题，公司将于 2020 年 7 月 9 日（星期四） 下午 14:30-16:30 参加"2020 年宁夏辖区上市公司投资者网上集体 接待日活动"，现将有关事项公告如下： 本次年度集体接待日将在深圳市全景网络有限公司提供的网上 平台采取网络远程的方式举行，投资者可登录"宁夏辖区上市公司投 资者关系互动平台"（网址：http://rs.p5w.net）参与互动交流。 公司出席本次年度网上集体接待日的人员有董事长张华先生，董 事、副总经理、董事会秘书李学军先生，财务总监李贤女士，欢迎广 大投资者积极参与。 特此公告。 宁夏英力特化工股份有限公司董事会 2020 年 7 月 4 日 ...

Financial Performance - The company's operating revenue for Q1 2020 was ¥242,073,568.08, a decrease of 51.29% compared to the same period last year[7]. - The net profit attributable to shareholders was a loss of ¥18,959,691.48, representing a decline of 251.91% year-over-year[7]. - The net profit after deducting non-recurring gains and losses was a loss of ¥20,834,009.30, down 282.40% from the previous year[7]. - The company reported a basic earnings per share of -¥0.06, a decrease of 250.00% compared to ¥0.04 in the same period last year[7]. - The company reported a net loss of ¥18,959,691.48 in Q1 2020, compared to a net profit of ¥12,480,779.26 in Q1 2019, marking a significant decline[43]. - Earnings per share for Q1 2020 were -¥0.06, compared to ¥0.04 in the same period last year[43]. - The total profit for Q1 2020 was a loss of ¥24,173,545.21, contrasting with a profit of ¥17,448,896.31 in Q1 2019[45]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥22,276,965.50, a 69.19% increase compared to -¥72,306,115.48 in the same period last year[7]. - The operating cash flow for Q1 2020 was a net outflow of ¥22,276,965.50, an improvement from a net outflow of ¥72,306,115.48 in Q1 2019[49]. - The net cash flow from investing activities for the period was 83,727,207 CNY, an increase of 2065.23% year-on-year, mainly due to a reduction in time deposits[19]. - The company's cash and cash equivalents stood at CNY 412,693,393.66, down from CNY 431,243,152.16, reflecting a decrease of approximately 1.28%[32]. - The cash and cash equivalents at the end of the first quarter of 2020 stood at ¥92,644,403.45, up from ¥31,100,078.11 at the beginning of the period[53]. - The net increase in cash and cash equivalents for the first quarter of 2020 was ¥61,544,325.34, contrasting with a decrease of ¥68,336,422.52 in the first quarter of 2019[53]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,050,127,440.79, a decrease of 1.56% from the end of the previous year[7]. - The company's total assets amounted to CNY 3,050,127,440.79, a decrease from CNY 3,098,309,534.22 as of December 31, 2019, reflecting a decline of approximately 1.55%[32][35]. - The company's current assets totaled CNY 1,377,955,100.92, slightly down from CNY 1,378,711,608.03 at the end of 2019, indicating a decrease of about 0.05%[32]. - The total liabilities decreased to CNY 396,520,004.14 from CNY 426,577,855.77, a reduction of about 7.05%[34]. - Total liabilities at the end of Q1 2020 were ¥392,838,839.48, down from ¥423,163,257.68 in the previous period[39]. Inventory and Receivables - The company's inventory at the end of the period was ¥289,371,382.88, an increase of 183.79% due to reduced sales volume[16]. - The accounts receivable balance decreased by 98.07% to ¥701,319.77, primarily due to the recovery of electricity fees[15]. - The inventory increased significantly to CNY 289,371,382.88 from CNY 101,965,405.77, representing an increase of approximately 184.5%[32][36]. - The accounts receivable decreased significantly to CNY 701,319.77 from CNY 36,332,769.80, indicating a reduction of about 98.1%[32]. Government Support and Subsidies - The company received government subsidies amounting to ¥2,473,972.26, an increase of 77.24% year-over-year[18]. Cost Management - The company is focusing on cost control measures to mitigate the impact of declining revenues[42]. - Total operating costs for Q1 2020 were ¥241,571,533.79, down 50.1% from ¥483,008,851.31 in Q1 2019[42]. - The company incurred operating costs of ¥211,975,228.29 in Q1 2020, down from ¥445,476,050.92 in Q1 2019, reflecting a reduction of 52.5%[45]. Strategic Initiatives - There are ongoing efforts to enhance product development and market expansion strategies[42]. - The company plans to explore potential mergers and acquisitions to strengthen its market position[42]. Risk Management - The company established a comprehensive risk control system for its PVC hedging business, ensuring that the margin does not exceed 50,000,000 CNY[25]. - The company has evaluated the effectiveness of its hedging strategy, determining that it was not highly effective during the specified accounting period[25]. Accounting Policies - The company has maintained its accounting policies for derivatives without significant changes compared to the previous reporting period[25]. - The company has adopted new revenue and lease standards starting in 2020, which may impact future financial reporting[59].

Financial Performance - The company's operating revenue for 2019 was CNY 2,087,210,111.84, representing a 5.04% increase compared to CNY 1,987,152,733.82 in 2018[16] - The net profit attributable to shareholders for 2019 was CNY 51,084,979.73, a significant increase of 90.29% from CNY 26,846,393.51 in 2018[16] - The net profit after deducting non-recurring gains and losses was CNY 43,501,700.26, up 99.92% from CNY 21,759,419.44 in the previous year[16] - The basic earnings per share for 2019 was CNY 0.17, an increase of 88.89% compared to CNY 0.09 in 2018[16] - The total operating revenue for 2019 was ¥2,087,210,111.84, representing a year-on-year increase of 5.04% compared to ¥1,987,152,733.82 in 2018[36] - The company achieved a main business income of approximately ¥2,057.59 million, an increase of 4.98% year-on-year, and a net profit attributable to the parent company of approximately ¥51.09 million, up 90.29% from the previous year[33] - The total operating cost for 2019 was ¥1,278,596,724.18, reflecting a 6.29% increase from ¥1,202,926,722.14 in 2018[43] Assets and Liabilities - The total assets at the end of 2019 were CNY 3,098,309,534.22, a decrease of 1.20% from CNY 3,135,961,416.35 at the end of 2018[17] - The net assets attributable to shareholders increased by 1.01% to CNY 2,671,731,678.45 from CNY 2,644,893,706.88 in 2018[17] - The company has a low debt-to-asset ratio, which provides a competitive edge in the industry[73] Cash Flow - The net cash flow from operating activities was negative at CNY -80,978,192.92, a decline of 142.41% compared to CNY 190,935,985.08 in 2018[16] - The company’s cash flow from operating activities showed significant volatility, with a net cash outflow of approximately ¥72.31 million in Q1 and a net inflow of approximately ¥113.37 million in Q2[21] - Operating cash inflow decreased by 23.88% to ¥644,294,064.00, while cash outflow increased by 10.66% to ¥725,272,256.92, resulting in a net cash flow of -¥80,978,192.92[51] - The net increase in cash and cash equivalents was -¥115,338,246.82, a decrease of 28.84% compared to the previous year[51] Production and Sales - The company produced 31.24 million tons of calcium carbide in 2019, a year-on-year increase of 0.48%, and PVC production reached 22.69 million tons, up 1.02% from the previous year[33] - PVC sales reached ¥1,396,982,241.89, making up 66.93% of total revenue, with a 10.13% increase from the previous year[37] - The sales volume of PVC was 239,300 tons, an increase of 8.02% from 2018[40] - The production volume of E-PVC was 37,400 tons, up by 11.82% year-on-year[40] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares, totaling CNY 45,463,104.30 based on 303,087,602 shares[4] - In 2019, the total cash dividend amounted to 45,463,140.30 CNY, representing 89.00% of the net profit attributable to ordinary shareholders[97] - The total distributable profit for the company is reported at 376,470,282.11 CNY, with cash dividends accounting for 100% of the profit distribution[99] Operational Risks and Challenges - The company faces various operational risks including market and economic risks, which investors should be aware of[4] - The company is facing operational risks due to its reliance on a single product structure and below-average capacity in the industry[81] - The company is closely monitoring macroeconomic policies and their impact on production and sales, especially in light of uncertainties caused by the COVID-19 pandemic[86] Environmental and Social Responsibility - The company has implemented a new technology for deep processing of vinyl chloride distillation tail gas, which is crucial for meeting stricter pollution discharge standards[48] - The company has established measures to control environmental risks and enhance employee awareness of environmental protection[85] - The company actively fulfills its social responsibilities and has published a social responsibility report annually since 2008[146] - The company allocated a total of 2.643 million yuan for poverty alleviation efforts in 2019, with an additional 18,500 yuan in material donations[150] Research and Development - Research and development expenses decreased by 56.62% to ¥1,778,441.64, representing 0.09% of operating revenue[50] - New product development includes a focus on eco-friendly chemical products, with an investment of 200 million CNY allocated for R&D in 2020[189] Corporate Governance and Compliance - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[104] - The company reported a related party transaction with Nanjing Longyuan Environmental Protection Co., Ltd. amounting to CNY 2.63 million, accounting for 1.90% of similar transactions[130] - The company did not face any penalties or rectification issues in the reporting period[125] Future Outlook - The company plans to produce 295,000 tons of calcium carbide, 225,400 tons of PVC, 40,000 tons of paste resin, and 195,500 tons of caustic soda in 2020[74] - Future guidance indicates a projected revenue growth of 10-15% for 2020, driven by increased demand in the chemical sector[189] - The company is implementing new technologies to improve operational efficiency, aiming for a 5% reduction in production costs by the end of 2020[189]