Financial Performance - The company's operating revenue for Q1 2022 was ¥3,167,068,359.21, representing a 37.30% increase compared to ¥2,306,669,880.21 in the same period last year[5] - Net profit attributable to shareholders for Q1 2022 was ¥268,331,285.55, an 18.71% increase from ¥226,045,318.21 after adjustments[5] - The basic earnings per share for Q1 2022 was ¥0.1514, up 13.24% from ¥0.1337 after adjustments[5] - Total operating revenue for the current period reached ¥3,167,068,359.21, a significant increase from ¥2,306,669,880.21 in the previous period, representing a growth of approximately 37.3%[27] - Net profit attributable to the parent company was ¥268,331,285.55, compared to ¥226,038,877.82 in the prior period, reflecting a growth of approximately 18.7%[33] - Total comprehensive income for the period was ¥268,331,285.55, compared to ¥224,307,727.82 in the previous period, indicating an increase of approximately 19.6%[33] Cash Flow - The net cash flow from operating activities reached ¥793,649,420.74, a significant increase of 2,195.90% compared to -¥37,866,735.32 in the previous year[5] - Cash generated from operating activities was ¥3,518,132,337.34, compared to ¥2,505,931,701.88 in the prior period, showing an increase of approximately 40.4%[33] - Total cash inflow from operating activities amounted to 3,564,587,637.26, up from 2,696,535,631.57[36] - Cash outflow from operating activities totaled 2,770,938,216.52, slightly increased from 2,734,402,366.89[36] - The net cash flow from investing activities was -66,670,548.15, a decline from 212,584,439.69 in the previous period[39] - Cash inflow from financing activities was 733,583,479.39, down from 1,550,062,852.27[39] - Cash outflow from financing activities reached 1,350,889,236.96, compared to 2,158,698,352.28 previously[39] - The net increase in cash and cash equivalents was 109,612,110.24, contrasting with a decrease of -431,171,337.98 in the prior period[39] - The ending balance of cash and cash equivalents stood at 758,927,067.94, down from 1,059,879,814.14[39] - The company received 281,893.02 in tax refunds during the reporting period[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,243,336,627.13, a decrease of 0.68% from ¥8,299,826,018.49 at the end of the previous year[7] - The equity attributable to shareholders increased by 6.76% to ¥4,052,074,634.21 from ¥3,795,428,455.70 at the end of the previous year[7] - Total liabilities decreased to ¥4,191,261,992.92 from ¥4,504,397,562.79, a reduction of about 6.9%[25] - The total current liabilities decreased to CNY 2,610,596,155.84 from CNY 3,066,928,263.93, a decline of approximately 14.9%[22] - Short-term borrowings increased to CNY 979,249,493.72 from CNY 807,267,709.92, reflecting a rise of about 21.3%[22] Operating Costs and Expenses - The company reported a 54.72% increase in operating costs, totaling ¥2,730,938,275.74, compared to ¥1,765,073,243.29 in the same period last year[9] - Total operating costs amounted to ¥2,833,630,030.74, up from ¥1,944,015,455.95, indicating an increase of about 45.7%[27] - Research and development expenses were significantly reduced due to the divestment of the South Wind Chemical Group business, impacting overall R&D spending[12] - Research and development expenses were reported at ¥923,651.62, indicating ongoing investment in innovation[30] - The company reported a financial expense of ¥35,262,147.82, down from ¥64,034,163.84, reflecting a decrease of approximately 44.9%[30] Other Financial Activities - The company experienced a 120.85% increase in other operating income, amounting to ¥38,800.00, primarily due to increased penalty income[12] - The company has seen a 195.00% increase in receivables financing, reaching ¥1,180,000.00, attributed to an increase in bank bills during the reporting period[9] - The total amount of funds raised from the non-public offering of shares was approximately CNY 500 million, with 81,168,831 shares issued at a price of CNY 6.16 per share[19] - The company is in the process of a major asset restructuring and has received approval for the issuance of shares to acquire assets[17] - The company has engaged multiple specific investors for the non-public offering, including UBS AG and China National Gold Group Asset Management Co., Ltd.[17] - The total cash inflow from investment activities was 299,459,906.15, with no cash received from other investment-related activities[39]

Business Restructuring - The company completed a significant asset restructuring on November 12, 2021, transitioning its main business from inorganic salt production to copper metal mining, beneficiation, smelting, and sales[6]. - The company reported a significant change in its main business operations following the asset restructuring, focusing on copper-related activities[6]. - The company underwent a major asset restructuring in 2021, changing its main business focus to copper metal mining, smelting, and sales[30]. - The restructuring included the acquisition of an 80.18% stake in Shanxi Northern Copper Industry Co., Ltd., which has become a wholly-owned subsidiary[89]. - The company completed asset swaps with several subsidiaries, including Sichuan Tongqing Nanfeng Co., Ltd. and Tianjin Nanfeng Trading Co., Ltd., enhancing profitability and sustainable development[156]. Financial Performance - In 2021, the company's operating revenue reached approximately ¥9.96 billion, representing a 16.85% increase compared to the previous year[30]. - The net profit attributable to shareholders was approximately ¥837.93 million, a 35.46% increase from the previous year[30]. - The total profit reached CNY 1.094 billion, an increase of CNY 307 million, with a growth rate of 39.02% year-on-year, while the net profit attributable to the parent company was CNY 838 million, up 35.46% year-on-year[57]. - The company reported a total revenue of CNY 785.09 million, reflecting a substantial increase compared to previous periods, with a net income after tax of CNY 228.12 million[38]. - The company achieved an operating income of CNY 9.965 billion, an increase of CNY 1.437 billion, representing a growth of 16.85% year-on-year[57]. Cash Flow and Investments - The net cash flow from operating activities was approximately ¥694.70 million, showing a decrease of 52.46% compared to the previous year[30]. - The company's cash and cash equivalents decreased by 49.06% to CNY 1.11 billion, mainly due to loan repayments during the reporting period[72]. - The net cash flow from investment activities turned positive at ¥73,425,141.74, compared to a negative cash flow of ¥108,083,297.35 in the previous year[109]. - The company's total investment amount surged by 2,427.68% to ¥4,564,600,633.35 compared to the previous year[121]. - The company reported an investment loss of ¥23,568,070.91, accounting for -2.15% of total profit, primarily from the disposal of trading financial assets[110]. Market and Product Overview - The average copper price in 2021 showed a significant increase, with LME copper reaching a peak of USD 10,747 per ton and SHFE copper peaking at CNY 78,990 per ton, resulting in a price increase of 24.17% and 20.86% respectively[44]. - The company’s main products include high-purity cathode copper, gold ingots, and silver ingots, which are recognized as national quality inspection-free products and have received multiple quality awards[45]. - The company is positioned as a leading player in the copper industry, with its own mining and smelting operations, and is recognized as an innovative pilot enterprise in Shanxi Province[45]. - The copper market is expected to remain in a tight balance or shortage state due to strong demand from green industries such as electric vehicles and renewable energy[44]. - The company processed 471,600 tons of copper concentrate in 2021, achieving a historical breakthrough in cathode copper production[58]. Governance and Management - The company has established a modern corporate governance system to enhance decision-making processes and improve governance efficiency[161]. - The board of directors consists of eight members, including three independent directors, and has established four specialized committees to provide professional opinions for decision-making[177]. - The management team has an average industry experience of over 30 years, enhancing the company's governance and operational capabilities[68]. - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring a clear separation of operations[182]. - The company has an independent financial department with a standardized accounting system, conducting its own tax registration and payments without interference from the controlling shareholder[183]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report[5]. - The company faces market volatility risks due to fluctuations in the prices of copper, gold, silver, and sulfuric acid, which are influenced by global economic conditions[162]. - The company is exposed to risks related to the COVID-19 pandemic, particularly concerning the supply of imported copper concentrate[163]. - The company has established a comprehensive risk control mechanism for its futures management, ensuring no operational or legal risks in its hedging activities[130]. - The company emphasizes safety, environmental protection, and health management in its operations, adhering to strict risk control measures[160]. Research and Development - The company implemented 24 technology projects in 2021, enhancing its innovation capabilities and addressing production bottlenecks[60]. - The company’s R&D investment decreased by 27.72% from 76,882,992.63 CNY in 2020 to 55,571,782.64 CNY in 2021, with R&D expenditure accounting for 0.56% of operating revenue[106]. - The company completed the research on 5G+ intelligent mining applications, improving automation and management levels in mining operations[101]. - The application research of hydraulic fracturing technology is expected to enhance mining safety and improve economic benefits by increasing ore extraction efficiency[97]. - The company has identified a resource amount of 120 million tons in the deep mining area, providing a basis for future mining planning and extending the mine's lifespan[104]. Shareholder Relations - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders, through a combination of online and on-site voting[176]. - The company is focused on resolving competition issues with its major shareholders through strategic agreements and restructuring[188]. - The company has engaged in discussions about stock incentives for executives and employees, indicating a focus on talent retention and motivation[170]. - The company is committed to enhancing shareholder value through potential mergers and acquisitions[200]. - The company aims for stable growth in operating performance and continuous improvement in employee income for 2022, focusing on compliance management and optimizing operational mechanisms[157].

Business Restructuring and Focus - The company completed a significant asset restructuring on November 12, 2021, transitioning its main business from inorganic salt production to copper metal mining, beneficiation, smelting, and sales[6]. - The company reported a significant change in its operational focus following the asset restructuring, which is expected to enhance its market position in the copper industry[6]. - The company has undergone changes in its main business focus, shifting from inorganic salt chemical business to copper metal mining, smelting, and sales since 2021[28]. - The company successfully completed a major asset restructuring on October 18, 2021, with new shares listed on December 16, marking a significant governance change[58]. - The major asset restructuring was approved by the China Securities Regulatory Commission on October 18, 2021, and was completed on October 27, 2021[88]. - The company’s restructuring plan includes significant asset swaps and issuance of shares, which has been approved in the shareholders' meetings[188]. Financial Performance - The company's operating revenue for 2021 was approximately ¥9.96 billion, representing a 16.85% increase compared to the previous year[29]. - The net profit attributable to shareholders for 2021 was approximately ¥837.93 million, a 35.46% increase from the previous year[29]. - The total profit reached CNY 1.094 billion, an increase of CNY 307 million, with a growth rate of 39.02% year-on-year[56]. - The total assets at the end of 2021 were approximately ¥8.30 billion, a decrease of 15.82% compared to the previous year[29]. - The net cash flow from operating activities for 2021 was approximately ¥694.70 million, a decrease of 52.46% compared to the previous year[29]. - The company's cash and cash equivalents decreased by 49.06% to CNY 1.11 billion, mainly due to loan repayments during the reporting period[71]. - The total cash inflow from operating activities increased by 20.00% to ¥11,675,210,368.99, while cash outflow rose by 32.81% to ¥10,980,513,671.17[108]. - The company reported a total revenue of 4,383,000,000.00 CNY for the period, with a completion of asset replacement and issuance of shares[123]. Production and Operations - The company produced 133,100 tons of cathode copper, an increase of 18% year-on-year, while gold ingot production decreased by 18.5% to 2,001 kg, and silver ingot production decreased by 44.7% to 20.98 tons[56]. - The company processed 471,600 tons of copper concentrate, achieving a historical breakthrough in cathode copper production[57]. - The company operates a modern underground copper mine, which is the largest in the non-coal system in China, and has a smelting plant[44]. - The average copper price in 2021 was CNY 78,990 per ton, with a price increase of 20.86% compared to the previous year[43]. - The company’s core product, high-purity cathode copper, accounted for 79.46% of total revenue, with sales increasing by 53.15% year-on-year[75]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[5]. - The company continues to enhance its risk management framework to safeguard shareholder interests and ensure stable operations[132]. - The company has implemented strict controls on the scale of derivative trading funds to manage risks effectively[132]. - The company is committed to high-quality party building as a driving force for high-quality development, integrating it with production and operations[159]. - The company faces market volatility risks due to fluctuating prices of copper, gold, silver, and sulfur, which are influenced by global economic conditions and industry cycles[160]. Corporate Governance - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders, through a combination of online and on-site voting[172]. - The board of directors consists of eight members, including three independent directors, and has established four specialized committees to provide professional opinions for decision-making[173]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring autonomous operational capabilities[178]. - The company has established a robust internal management and control system, complying with relevant laws and regulations to enhance governance standards[176]. Strategic Goals and Future Outlook - The company aims for 2022 to be a year of "system establishment" and "reform and efficiency," focusing on stable operational performance and continuous employee income growth[157]. - The strategic goal is to build an internationally leading and domestically first-class copper enterprise, maintaining investor expectations[158]. - Future guidance indicates a projected revenue growth rate of approximately 10% for the upcoming fiscal year[200]. - The management team emphasized the importance of technological innovation in driving future growth[200]. - The company is exploring potential mergers and acquisitions to strengthen its market position[200].

Financial Performance - The company's operating revenue for Q3 2021 was ¥244,144,841.57, a decrease of 16.45% compared to the same period last year[3]. - The net profit attributable to shareholders for Q3 2021 was -¥7,837,609.66, representing a decline of 239.80% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥7,888,436.61, a decrease of 274.31% compared to the previous year[3]. - Total operating revenue for the current period is ¥801,065,009.54, a decrease from ¥832,096,831.04 in the previous period, representing a decline of approximately 3.7%[19]. - Net profit for the current period is ¥1,843,648.26, significantly lower than ¥99,918,287.05 in the previous period, indicating a decline of approximately 98.2%[20]. - The total comprehensive income for the current period is ¥4,524,298.26, compared to ¥99,918,287.05 in the previous period, reflecting a significant decline of approximately 95.5%[21]. - The basic and diluted earnings per share for the current period are both ¥0.0037, down from ¥0.1812 in the previous period, indicating a decrease of approximately 98.0%[21]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥22,873,358.92, an increase of 286.49% year-on-year[7]. - The company reported a net cash flow from operating activities of ¥22,873,358.92, compared to a negative cash flow of ¥12,265,232.61 in the previous period[25]. - The cash flow from financing activities totaled 554,509,013.22 CNY, a decrease of 39.4% compared to 914,586,495.95 CNY in the previous period[26]. - The net cash flow from financing activities was -7,509,013.22 CNY, improving from -389,036,495.95 CNY year-over-year[26]. - The cash and cash equivalents at the end of the period amounted to 95,233,543.09 CNY, an increase from 90,165,756.50 CNY in the previous year[26]. - The company reported a net increase in cash and cash equivalents of 8,543,399.50 CNY, contrasting with a decrease of 35,139,871.29 CNY in the same period last year[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,182,377,515.22, down 5.86% from the end of the previous year[3]. - As of September 30, 2021, the total assets of the company amounted to RMB 1,182,377,515.22, a decrease from RMB 1,255,923,327.61 at the end of 2020, reflecting a decline of approximately 5.8%[13][16]. - The company's current assets totaled RMB 473,931,411.73, down from RMB 560,360,070.54, indicating a decrease of about 15.4% year-over-year[14]. - Total liabilities decreased to RMB 665,340,587.11 from RMB 743,410,697.75, reflecting a reduction of approximately 10.5%[15]. - The total liabilities amounted to 743,410,697.75 CNY, down from 749,809,434.06 CNY in the previous period[33]. - The company's equity attributable to shareholders increased slightly to RMB 506,443,285.65 from RMB 501,746,775.35, showing a growth of about 0.5%[16]. - The company's equity attributable to shareholders was 501,746,775.35 CNY, remaining stable compared to the previous year[33]. Operational Changes and Strategic Focus - The company is undergoing a major asset restructuring, with conditional approval from the China Securities Regulatory Commission for the asset swap and capital raising activities[11]. - The company has been actively revising its asset restructuring reports in response to feedback from regulatory authorities, indicating ongoing efforts to enhance compliance and transparency[11]. - The company is focusing on expanding its market presence and enhancing its product offerings through strategic acquisitions and technological advancements[11]. Cost Management - Total operating costs for the current period are ¥792,992,256.57, down from ¥836,932,729.08 in the previous period, reflecting a decrease of about 5.2%[19]. - Research and development expenses decreased to ¥3,706,584.55 from ¥4,891,825.47, a reduction of approximately 24.2%[19]. - Financial expenses decreased significantly to ¥9,317,710.72 from ¥24,277,499.59, a decline of about 61.6%[19]. Other Financial Metrics - The company's basic earnings per share for Q3 2021 was -¥0.0143, a decrease of 240.20% compared to the same period last year[3]. - The weighted average return on equity was -1.52%, a decline of 2.77% year-on-year[3]. - Cash and cash equivalents decreased by 30.68% to ¥198,733,543.09 due to the maturity of bank acceptance bills[6]. - Short-term borrowings decreased by 83.35% to ¥58,000,000.00, primarily due to repayment of bank loans[6]. - The company reported a significant increase of 765.79% in other payables, totaling ¥328,195,048.24, mainly due to increased intercompany transactions[6]. Reporting and Compliance - The third quarter report was not audited, indicating that the figures presented are preliminary[35]. - The company has implemented new leasing standards starting January 1, 2021, affecting financial reporting[34].

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 556,920,167.97, representing a 3.15% increase compared to CNY 539,892,294.64 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 89.50% to CNY 9,853,469.96 from CNY 93,833,580.61 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 9,991,080.65, a significant increase of 155.42% compared to a loss of CNY 18,029,234.42 in the previous year[21]. - The net cash flow from operating activities was CNY 29,062,103.82, a substantial increase of 435.78% from a negative cash flow of CNY 8,655,026.14 in the same period last year[21]. - The total profit decreased by 87.14% to ¥12,681,529.42, while net profit fell by 89.43% to ¥9,941,881.94[35]. - The company’s R&D investment decreased by 35.33% to ¥2,165,743.34, indicating a reduction in research expenses[37]. - The company’s financial expenses decreased significantly by 54.67% to ¥7,491,310.41, primarily due to a reduction in interest-bearing liabilities[37]. - The company reported a cash flow of 146.7 million during the reporting period[163]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,186,683,845.90, down 5.51% from CNY 1,255,923,327.61 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 2.50% to CNY 514,280,895.31 from CNY 501,746,775.35 at the end of the previous year[21]. - Cash and cash equivalents at the end of the reporting period were ¥211,088,489.49, a decrease of 26.37% from the previous year[47]. - The company reported a maximum daily deposit limit of 40 million with an interest rate range of 0.42%-1.35% from Shanxi Coking Coal Group Financial Co., Ltd.[163]. - Accounts receivable stood at ¥92,539,172.54, showing a slight decrease of 2.3% from ¥95,748,648.73 at the end of 2020[200]. - Inventory increased to ¥122,766,056.68, up by 6.9% from ¥115,767,148.83 at the end of 2020[200]. Market Position and Strategy - The company maintained a strong market position in the inorganic salt industry, being a vice president unit of the China Inorganic Salt Industry Association[31]. - The company is actively engaged in market expansion and product technology upgrades, including the development of advanced nano barium sulfate technology[31]. - The company plans to continue expanding its market presence through strategic partnerships and acquisitions in the chemical sector[140]. - The company is focusing on new product development and technological advancements to enhance its competitive edge in the market[140]. - The company is exploring opportunities for market expansion in the logistics and chemical sectors to drive future growth[144]. Environmental Compliance - The company has no significant environmental violations, with all emissions within regulatory limits[70]. - The company strictly adheres to environmental protection laws and regulations during its production operations[72]. - The company has implemented a two-stage dust removal system and alkaline desulfurization process to treat waste gas emissions, ensuring compliance with emission standards[72]. - The company has established an environmental management organization and a comprehensive environmental management system at its subsidiaries[73]. - The company has developed emergency response plans for environmental incidents and conducts regular training and drills for employees[73]. Related Party Transactions and Governance - The company guarantees that no related party transactions will harm its interests, and any such transactions will adhere to market fairness and transparency principles[89]. - The company is committed to maintaining the independence of its management and operational structures from its controlling shareholder, Shanjiao Salt Chemical[95]. - The company has pledged to minimize related party transactions and will not seek preferential treatment over third parties in business cooperation[89]. - The company has established a complete corporate governance structure to ensure independent decision-making by its board and management[109]. - The company has a clear policy against providing financial support or loans to its controlling entities[103]. Future Outlook - The company expects to achieve a revenue of 4,357 million with a growth rate of 53.14% for the upcoming year[150]. - The company anticipates a strong performance in the second half of the year, driven by increased demand and strategic initiatives[150]. - The company has set a performance guidance for the upcoming quarter, expecting a growth rate of approximately 15%[142]. Legal and Compliance Matters - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment[130]. - The company has not engaged in any violations of external guarantees during the reporting period, ensuring compliance with regulations[131]. - The half-year financial report has not been audited, which may affect the reliability of the financial data presented[132]. - The company has not reported any penalties or rectifications during the reporting period, indicating compliance with regulatory standards[136].

Financial Performance - The company's operating revenue for Q1 2021 was ¥282,881,382.55, representing an increase of 18.52% compared to ¥238,681,806.03 in the same period last year[7]. - The net profit attributable to shareholders of the listed company decreased by 95.21% to ¥4,120,060.67 from ¥86,081,927.37 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,560,295.82, a significant increase of 127.80% compared to a loss of ¥20,003,645.85 in the previous year[7]. - The basic and diluted earnings per share both decreased by 95.22% to ¥0.0075 from ¥0.1569 year-on-year[7]. - The total operating income for the first quarter was CNY 56,258,147.32, an increase from CNY 37,970,584.66 in the previous year, representing a growth of approximately 48.5%[106]. - The net profit for the quarter was CNY 4,113,620.28, a significant decrease from CNY 86,150,817.77 in the same period last year, reflecting a decline of approximately 95.2%[104]. - The total comprehensive income for the quarter was CNY 6,094,970.28, compared to CNY 86,150,817.77 in the prior year, reflecting a decrease of about 92.9%[105]. Cash Flow - The net cash flow from operating activities improved to ¥433,774.87, a 101.32% increase from a negative cash flow of ¥32,787,848.20 in the same period last year[7]. - Cash inflows from operating activities totaled 223,098,432.36 CNY, an increase from 170,316,961.26 CNY year-over-year[109]. - Cash outflows for operating activities amounted to 222,664,657.49 CNY, compared to 203,104,809.46 CNY in the prior period[110]. - The net cash flow from financing activities increased by 98.88% compared to the same period last year, mainly due to a decrease in cash outflows from financing activities[21]. - The net cash flow from financing activities was -4,260,232.47 CNY, compared to -379,689,201.67 CNY in the prior year[111]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,233,933,343.56, a decrease of 1.75% from ¥1,255,923,327.61 at the end of the previous year[7]. - The total liabilities stood at CNY 715,325,743.42, a decrease from CNY 743,410,697.75 year-over-year[97]. - The company's current assets totaled CNY 527,474,960.71, down from CNY 560,360,070.54 at the end of 2020, indicating a decline of approximately 5.87%[93]. - The total owner's equity was CNY 518,607,600.14, an increase from CNY 512,512,629.86[97]. Research and Development - Research and development expenses decreased by 44.88% compared to the same period last year, primarily due to a year-on-year reduction in R&D expenditures[21]. - Research and development expenses were CNY 923,651.62, down from CNY 1,675,767.50, showing a reduction of about 44.9%[104]. - The company is investing in R&D, allocating 8% of its revenue towards the development of new technologies and products[59]. Strategic Initiatives - The company held a board meeting on January 21, 2021, to approve significant asset restructuring and related transactions[22]. - The company reported a commitment to resolve competition issues by integrating two subsidiaries into the company within three years when conditions are ripe[35]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of $100 million allocated for potential mergers and acquisitions[55]. - Market expansion plans include entering two new international markets by the end of 2021, aiming for a 5% market share in each[53]. Government and Regulatory Compliance - The company received government subsidies amounting to ¥386,934.19 during the reporting period[7]. - The company has committed to maintaining financial independence and transparency in its operations, ensuring compliance with regulatory standards[59]. - The company has established a long-term commitment to comply with legal and regulatory requirements regarding related party transactions[41]. Shareholder and Management Commitments - The company guarantees that all products produced by its subsidiaries will be sold by the company, ensuring no harm to its interests[41]. - The company has committed to maintaining independent operations, including management and financial systems, to avoid conflicts of interest with its controlling shareholder[47]. - The company will ensure that its financial decisions are made independently without interference from its controlling shareholder[47]. - The commitment letter from Shanxi Coking Coal is valid until it is no longer the controlling shareholder of Nanfeng Chemical or until Nanfeng Chemical is delisted[63].

证券代码：000737 证券简称：南风化工 公告编号：2021-57 南风化工集团股份有限公司 关于参加山西辖区上市公司 2021 年度投资者网上 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、完整，没有虚假记载、误导 性陈述或重大遗漏。 为加强与广大投资者的沟通交流，便于广大投资者更深入全面地了解公司治 理、发展战略、经营状况和可持续发展等投资者关注的问题，南风化工集团股份 有限公司（以下简称"公司"）定于2021年6月22日（星期二）15:00—17:00参加 "山西辖区上市公司2021年度投资者网上集体接待日"活动。现将有关事项公告 如下： 1、活动时间：2021年6月22日（星期二）15:00—17:00； 2、活动方式：本次活动将采用网络远程的方式举行，投资者可登录"全景• 路演天下"（http://rs.p5w.net）参与本次互动交流； 3、参加人员：公司董事长黄振山先生、董事会秘书高翔林先生、证券事务 代表井丽文女士、财务负责人王康杰先生。 欢迎广大投资者积极参与。 特此公告。 南风化工集团股份有限公司董事会 二 O 二一年六月十八日 ...

Financial Performance - The company's operating revenue for Q1 2021 was ¥285,171,619.62, representing a 19.48% increase compared to ¥238,681,806.03 in the same period last year[7]. - The net profit attributable to shareholders of the listed company was ¥5,019,504.99, a decrease of 94.17% from ¥86,081,927.37 year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,459,740.14, showing a significant increase of 132.29% compared to a loss of ¥20,003,645.85 in the previous year[7]. - The net cash flow from operating activities was ¥433,774.87, a turnaround from a negative cash flow of ¥32,787,848.20 in the same period last year, marking a 101.32% improvement[7]. - The basic earnings per share for the period was ¥0.0091, down 94.20% from ¥0.1569 in the previous year[7]. - The total assets at the end of the reporting period were ¥1,224,867,529.00, a decrease of 2.47% from ¥1,255,923,327.61 at the end of the previous year[7]. - The net assets attributable to shareholders of the listed company increased by 1.00% to ¥506,766,280.34 from ¥501,746,775.35 at the end of the previous year[7]. - The weighted average return on net assets was 0.98%, down 18.55% from 19.53% in the previous year[7]. - The company reported a significant increase in revenue for Q1 2021, with a year-over-year growth of 15%[52]. - The total operating revenue for the first quarter of 2021 was CNY 285,171,619.62, an increase from CNY 238,681,806.03 in the previous period[105]. - The company reported a net loss of CNY 1,199,357,628.43 in retained earnings, slightly improved from CNY 1,204,377,133.42[98]. - The total comprehensive income for the period was -4,105,529.50 CNY, compared to 80,191,583.04 CNY in the previous period[111]. Cash Flow and Investments - The net cash flow from investment activities decreased by 100.49% compared to the same period last year, primarily due to no cash inflow from investment activities this period[21]. - The net cash flow from financing activities increased by 98.88% compared to the same period last year, mainly due to a decrease in cash outflows from financing activities[21]. - Cash flow from operating activities generated a net cash flow of 433,774.87 CNY, a significant improvement from -32,787,848.20 CNY in the previous period[113]. - Cash inflow from sales of goods and services was 216,362,850.61 CNY, up from 164,665,725.65 CNY year-over-year, indicating a growth of approximately 31.3%[112]. - Cash outflow for purchasing goods and services was 145,966,938.26 CNY, compared to 120,138,365.77 CNY in the previous period, reflecting an increase of about 21.5%[113]. - The company raised 101,000,000.00 CNY through borrowings, down from 207,050,000.00 CNY in the previous period, indicating a decrease of approximately 51.1%[114]. - The net cash flow from financing activities was -4,260,232.47 CNY, compared to -379,689,201.67 CNY in the previous period, showing a significant improvement[114]. - The cash inflow from investment activities was significantly lower at -1,846,379.00 CNY compared to 374,392,894.78 CNY in the previous period[114]. Shareholder and Governance Matters - The top shareholder, Shanxi Coking Coal Yuncheng Salt Chemical Group Co., Ltd., held 25.69% of the shares, with a total of 140,970,768 shares[11]. - The company reported a commitment to reduce related party transactions and ensure compliance with market principles in all dealings[40]. - The company has pledged to maintain the independence of its management team, ensuring that key executives do not hold positions in controlling entities[46]. - The company guarantees that all products produced by its subsidiaries will be sold through its channels, ensuring no competition with its own operations[44]. - The company has committed to a three-year timeline for integrating certain subsidiaries into its structure to eliminate competition[36]. - The company will independently manage its financial operations, including maintaining separate bank accounts and financial personnel[48]. - The company has established a framework to ensure that its assets remain independent and intact from controlling entities[46]. - The company has committed to transparency in its financial dealings and will disclose any related party transactions in accordance with regulations[42]. - The company aims to uphold the integrity of its corporate governance structure, ensuring independent decision-making processes[48]. - The company has set a long-term commitment to comply with all legal and regulatory requirements regarding related party transactions[40]. - The company will ensure that any business opportunities that may conflict with its interests will be disclosed and offered to the company first[38]. Operational Developments - User data showed an increase in active users by 20% compared to the previous quarter, reaching a total of 1.5 million active users[54]. - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 10% to 12% for the full year 2021[56]. - New product launches are expected to contribute an additional $50 million in revenue by the end of Q2 2021[58]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[60]. - Research and development investments increased by 30% in Q1 2021, focusing on innovative technologies[54]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of $100 million allocated for this purpose[56]. - A new strategic partnership was announced, aimed at improving supply chain efficiency and reducing costs by 15%[58]. - The company plans to enhance its digital marketing efforts, expecting a 20% increase in customer engagement[60]. - The management emphasized the importance of maintaining operational independence and financial integrity amidst market challenges[52]. Commitments and Support from Major Shareholders - Shanxi Coking Coal will provide up to 1.1 billion yuan in funding to Shanxi Salt Chemical to support the restructuring and ensure timely payment of the transaction price[68]. - Shanxi Coking Coal commits to eliminate non-operating capital occupation of Nanfeng Chemical by ensuring that all related transactions comply with market principles and legal procedures[66]. - The commitment from Shanxi Coking Coal is valid until it is no longer the largest shareholder of Nanfeng Chemical or until Nanfeng Chemical is delisted[64]. - Shanxi Coking Coal will ensure that any competitive business opportunities are immediately notified to Nanfeng Chemical[66]. - If Shanxi Coking Coal fails to fulfill its commitments, it will bear corresponding compensation responsibilities for any losses incurred by Nanfeng Chemical[64]. - Shanxi Coking Coal will provide sufficient funds to cover any claims related to employee compensation arising from the disposal of assets[72]. - The commitment includes a provision for a maximum of 200 million yuan to be provided as a guarantee for Nanfeng Chemical's debt repayment[72]. - Shanxi Coking Coal will ensure that the funding used for support is legally sourced and self-raised[74]. - The commitment will take effect after the necessary decision-making procedures and approvals are completed[74]. - Shanxi Coking Coal will promote the integration of Rongxing Chemical and Huai'an Nanfeng into Nanfeng Chemical within three years when conditions are met[64].

Financial Performance - The company's operating revenue for 2020 was ¥1,125,455,573.29, a decrease of 7.34% compared to ¥1,214,654,424.56 in 2019[21] - The net profit attributable to shareholders for 2020 was ¥91,375,709.79, a significant increase of 288.14% from a loss of ¥48,569,079.10 in 2019[21] - The net profit after deducting non-recurring gains and losses was -¥24,883,370.44, an improvement of 61.93% from -¥65,354,987.51 in 2019[21] - The net cash flow from operating activities was -¥990,307.10, a decline of 110.79% compared to ¥9,180,339.49 in 2019[21] - Basic earnings per share increased by 288.14% to CNY 0.1665 from a loss of CNY 0.0885 in the previous year[24] - Total assets decreased by 20.26% to CNY 1,255,923,327.61 from CNY 1,575,054,557.07 at the end of 2019[24] - The total profit for 2020 was ¥99,897,440.56, an increase of 402.31% year-on-year[45] - Net profit reached ¥91,837,555.90, marking a 296.01% increase compared to the previous year[45] Revenue and Sales - The chemical industry accounted for 97.93% of total revenue, with a revenue of CNY 1,102,141,379.73, down 3.87% from the previous year[60] - The revenue from the product "Yuanming Powder" was CNY 522,276,629.83, which is 46.41% of total revenue, showing a decline of 21.59% year-on-year[60] - The company reported a domestic revenue of CNY 863,572,952.73, which is 76.73% of total revenue, down 7.77% from the previous year[63] - The revenue from "Barium Sulfate" was CNY 99,432,256.85, contributing 8.83% to total revenue, with a year-on-year increase of 6.45%[60] - The company's sales volume in the chemical industry increased to 166.67 million tons in 2020, a year-on-year growth of 18.94% from 140.13 million tons in 2019[65] Production and Capacity - The production capacity for sodium sulfide is 20,000 tons/year with a utilization rate of 97.00%[52] - The production capacity for barium sulfate is 40,000 tons/year with a utilization rate of 103.25%[49] - The company produced 84.77 thousand tons of "Yuanming Powder" and sold 120.77 thousand tons during the year[64] - The production volume in the chemical industry rose to 129.63 million tons, reflecting a year-on-year increase of 30.27% from 99.51 million tons in 2019, primarily due to increased gypsum production[65] Costs and Expenses - The total operating costs decreased by 7.67% to 886,104,063.64 yuan in 2020 from 959,693,618.32 yuan in 2019[71] - Direct materials accounted for 62.99% of the total operating costs in 2020, amounting to 550,833,966.40 yuan, up from 47.43% in 2019[68] - Sales expenses increased by 2.37% to 112,892,366.21 yuan in 2020, while management expenses decreased by 14.94% to 81,861,137.03 yuan[76] - Financial expenses decreased significantly by 31.93% to 35,510,688.07 yuan, mainly due to a reduction in interest-bearing liabilities[76] - Research and development expenses decreased by 12.44% to 5,828,242.63 yuan in 2020 compared to 6,656,037.45 yuan in 2019[76] Investments and R&D - The company completed 18 patent applications in 2020, including 8 invention patents and 10 utility model patents[40] - The company has a total of 36 valid patents as of December 31, 2020, including 11 invention patents and 25 utility model patents[40] - The company has made significant investments in upgrading technologies, including the MVR evaporation technology and biomass boiler projects, aimed at enhancing profitability and establishing a leading position in the inorganic salt chemical market[77] Strategic Initiatives and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares for the year[5] - The company plans to enhance its financial capabilities and improve operational efficiency in response to market challenges[101] - The company is focusing on the development of new products and technologies to adapt to changing market conditions and consumer demands[101] - The company is exploring market expansion opportunities to mitigate the impact of trade tensions and environmental regulations[101] - The company aims to enhance production efficiency and reduce costs through technology innovation and process improvements[106] Compliance and Governance - The company has highlighted potential risks and countermeasures in its future development outlook section[4] - The company has committed to maintaining independent operations and decision-making rights, ensuring no harm to minority shareholders' interests[122] - The company will ensure that its senior management personnel are exclusively employed by the company and will not hold positions in its controlling shareholders[145] - The company will comply with all legal procedures for related transactions, ensuring fairness and transparency[140] Subsidiaries and Contributions - The total assets of the subsidiary Nanfeng Group Huai'an Yuanming Powder Co., Ltd. amounted to CNY 217,644,498.57, with a net profit contribution of CNY 7,697,435.16, accounting for over 10% of the company's net profit[100] - The subsidiary Sichuan Tongqing Nanfeng Co., Ltd. reported total assets of CNY 266,175,578.66 and a net profit of CNY 20,001,491.56, significantly contributing to the overall profitability of the group[100] - The subsidiary Yuncheng Nanfeng Material Trade Co., Ltd. generated operating revenue of CNY 286,294,502.81, with a net profit of CNY 4,055,887.17[100] Cash Flow and Financial Management - Operating cash inflow decreased by 6.20% to 900,550,949.86 CNY, while operating cash outflow decreased by 5.20% to 901,541,256.96 CNY, resulting in a net cash flow from operating activities of -990,307.10 CNY, a decline of 110.79%[81] - Investment cash inflow surged by 1,441.97% to 376,194,530.00 CNY, leading to a net cash flow from investing activities of 362,529,282.25 CNY, an increase of 15,197.31%[81] - Financing cash inflow increased by 20.07% to 835,050,000.00 CNY, while financing cash outflow rose by 26.89% to 1,233,262,737.87 CNY, resulting in a net cash flow from financing activities of -398,212,737.87 CNY, a decrease of 44.06%[81]

Financial Performance - Operating revenue for the period was ¥292,204,536.40, representing a decline of 15.85% year-on-year[8]. - Net profit attributable to shareholders was ¥5,606,446.78, an increase of 229.52% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,525,604.03, up 175.23% year-on-year[8]. - Basic earnings per share were ¥0.0102, reflecting a growth of 229.11% compared to the previous year[8]. - The net loss for the period was CNY 1,147,954,299.85, an improvement from a loss of CNY 1,214,519,752.59 in the previous period[132]. - The net profit for the current period is ¥5,875,977.75, compared to a net loss of ¥4,192,674.82 in the previous period, showing a significant turnaround[141]. - The total operating revenue for the current period is ¥832,096,831.04, a decrease from ¥924,953,147.78 in the previous period, representing a decline of approximately 10%[149]. - The total operating cost for the current period is ¥836,932,729.08, down from ¥928,064,589.80 in the previous period, indicating a reduction of about 10%[149]. - The company reported a profit before tax of ¥9,363,814.39, contrasting with a loss of ¥2,668,007.98 in the previous period[141]. Cash Flow - The net cash flow from operating activities was -¥3,610,206.47, a decrease of 116.64% year-on-year[8]. - Net cash flow from operating activities decreased by 11163.91% compared to the same period last year, mainly due to a decrease in cash received related to operating activities[24]. - Cash inflow from operating activities totaled ¥648,257,637.12, down from ¥703,235,186.20 year-over-year[165]. - Cash outflow from operating activities was ¥660,522,869.73, compared to ¥703,344,075.81 in the previous period[165]. - Investment activities generated a net cash inflow of ¥367,114,029.33, significantly higher than ¥979,863.12 in the previous period[168]. - Cash inflow from financing activities was ¥525,550,000.00, down from ¥613,000,000.00 year-over-year[168]. - Net cash outflow from financing activities was ¥389,036,495.95, compared to a net outflow of ¥269,647,571.03 in the previous period[168]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,142,929,514.41, a decrease of 27.44% compared to the end of the previous year[8]. - The company's current assets totaled CNY 483,514,726.77, down from CNY 703,317,902.20 in the previous period, indicating a decline of approximately 31.3%[117]. - Total current liabilities were CNY 604,725,735.17, down from CNY 1,105,910,265.91, indicating a reduction of approximately 45.5%[122]. - The company's total liabilities decreased to CNY 644,905,221.74 from CNY 1,176,948,551.45, a decline of about 45.3%[122]. - The company's total equity increased to CNY 195,670,591.66 from CNY 129,105,138.92, showing an increase of about 51.5%[132]. - Total assets decreased to CNY 599,659,199.98 from CNY 1,079,812,929.99 year-over-year, indicating a reduction of about 44.4%[132]. - Total liabilities decreased to CNY 403,988,608.32 from CNY 950,707,791.07, reflecting a decline of approximately 57.5%[132]. Shareholder Information - The company reported a total of 35,154 shareholders at the end of the reporting period[12]. - The largest shareholder, Shanxi Coking Coal Yuncheng Salt Chemical Group Co., Ltd., held 25.69% of the shares, amounting to 140,970,768 shares[12]. Commitments and Governance - The company is planning a major asset restructuring, which requires approval from the shareholders' meeting and regulatory authorities, indicating significant uncertainty[25]. - The company has committed to maintaining its independence in operations and decision-making, ensuring no interference from major shareholders[31]. - Shanxi Coking Coal Group promises to minimize related party transactions with listed companies and their subsidiaries, ensuring no preferential treatment over third parties[47]. - The commitment includes a guarantee that no illegal occupation of funds or assets will occur, and any unavoidable related transactions will adhere to market fairness principles[50]. - The company ensures that all senior management personnel are exclusively employed by the listed company and do not hold positions in Shanxi Coking Coal or its controlled entities[56]. - The listed company maintains independent financial management, including separate bank accounts and independent tax obligations[61]. - Shanxi Coking Coal commits to not interfere with the listed company's financial decisions and operations[64]. - The company guarantees the independence of its operational activities, ensuring no improper interference from Shanxi Coking Coal[67]. - The listed company will establish a complete and independent organizational structure to ensure proper governance[70]. - The commitment includes maintaining the independence of the company's assets and ensuring no non-operational financial transactions occur with Shanxi Coking Coal[73]. - The company will ensure that all related transactions are conducted legally and transparently, protecting the interests of the listed company and its shareholders[76]. - Shanxi Coking Coal Group committed to ensuring no non-operational occupation of funds or assets from Nanfeng Chemical[80]. - Shanxi Coking Coal will provide up to 1.1 billion yuan in funding support to Shanxi Coking Salt Chemical to facilitate restructuring[89]. - The commitment includes a guarantee to cover debts and interest related to the restructuring, ensuring no financial burden on Nanfeng Chemical[91]. - The commitment is valid until Shanxi Coking Coal is no longer the largest shareholder or until Nanfeng Chemical is delisted[101]. Research and Development - Research and development expenses for the quarter were CNY 1,543,106.94, down from CNY 2,091,344.26, a reduction of about 26.3%[135]. - Research and development expenses for the current period are ¥1,201,400.91, slightly down from ¥1,206,245.86 in the previous period[142]. - The company's research and development expenses are ¥3,144,067.31, slightly down from ¥3,212,906.58 in the previous period[159].