投资者关系 活动类别 ☐特定对象调研 ☐分析师会议 ☐媒体采访 √业绩说明会 ☐新闻发布会 ☐路演活动 ☐现场参观 ☐其他（请文字说明其他活动内容） 参与单位名 称及人员姓 名 线上参与公司2022年度业绩说明会的全体投资者 时间 2023年05月19日 15:00-17:00 地点 价值在线（https://www.ir-online.cn/）网络互动 上市公司接 待人员姓名 董事长、总经理 陈明军 副总经理、董事会秘书 陈斌雷 财务总监 周玲 独立董事 曹政宜 独立财务顾问主办人 刘华 投资者关系 活动主要内 容介绍 1.昨天发的问询函，对企业有什么不利的影响？ 答:投资者您好！深交所给公司发的是公司2022年年度报告的 问询函，这个深交所日常监管工作的常态化事项，不会对公司产生 不利影响。 2.此次问询函公司怎么回复 答:投资者您好！公司将根据深交所年报问询函的要求，积极 组织公司内部和外部中介机构，共同对相关问题进行深入分析和研 究，及时回复年报问询函。 3.公司什么时候能转亏为盈 证券代码：000890 证券简称：法尔胜 江苏法尔胜股份有限公司 投资者关系活动记录表 编号：2023-042 | 答: ...

证券代码：000890 证券简称：法尔胜 公告编号：2023-041 江苏法尔胜股份有限公司 关于举办2022年度业绩说明会的公告 会议召开方式：网络互动方式 二、参加人员 董事长、总经理 陈明军，副总经理、董事会秘书 陈斌雷，财务总监 周玲， 独立董事 曹政宜，独立财务顾问主办人 刘华（如遇特殊情况，参会人员可能进 行调整）。 三、投资者参加方式 投资者可于 2023 年 05 月 19 日（星期五）15:00-17:00 通过网址 https://eseb.cn/14zg65Mg7za 或使用微信扫描下方小程序码即可进入参与互动交 流。投资者可于 2023 年 05 月 19 日前进行会前提问，公司将通过本次业绩说明 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。 江苏法尔胜股份有限公司（以下简称"公司"）于 2023 年 4 月 29 日在巨潮 资讯网上披露了《2022 年年度报告》及《2022 年年度报告摘要》。为便于广大 投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2023 年 05 月 19 日（星期五）15:00-17:00 ...

Financial Performance - The company's operating revenue for 2022 was ¥677,575,109.69, representing a 1.51% increase compared to ¥667,468,092.57 in 2021[20] - The net profit attributable to shareholders of the listed company was -¥11,332,031.05, a decrease of 128.32% from ¥40,014,405.47 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥101,339,979.11, a decline of 278.72% compared to -¥26,758,798.16 in 2021[20] - The basic earnings per share for 2022 was -¥0.03, a decline of 130.00% from ¥0.10 in 2021[20] - The weighted average return on equity was -30.08%, a decrease of 117.99% from 87.91% in the previous year[20] - The company reported a total of CNY 90.01 million in non-recurring gains for 2022, compared to CNY 66.77 million in 2021, showing an increase of approximately 34.9%[28] - In 2022, the company achieved operating revenue of CNY 677.58 million, a year-on-year increase of 1.51%, while the net profit attributable to shareholders was CNY -11.33 million, a decline of 128.32%[38] Cash Flow and Assets - The net cash flow from operating activities improved to ¥73,383,802.05, a 144.84% increase from -¥163,650,562.14 in 2021[20] - The total assets at the end of 2022 were ¥1,839,092,876.34, a decrease of 6.27% from ¥1,962,111,313.29 at the end of 2021[20] - The net assets attributable to shareholders of the listed company decreased by 47.20% to ¥26,032,825.77 from ¥49,304,456.82 in 2021[20] - Operating cash inflow totaled ¥544,511,950.43, a 14.88% increase compared to ¥474,001,337.37 in 2021[54] - The net cash flow from financing activities was negative at -¥80,320,654.21, a 127.25% decline from a positive cash flow of ¥294,793,737.65 in 2021[55] Business Segments - The metal products segment generated revenue of CNY 298.39 million, accounting for 44.04% of total revenue, but saw a significant decline of 24.31% compared to the previous year[40] - The environmental protection business reported revenue of CNY 379.19 million, representing 55.96% of total revenue, with a year-on-year increase of 38.78%[40] - The company’s metal products business includes a wide range of steel wire products, with specifications from 0.5mm to 12mm, catering to various industries[34] Research and Development - The company increased its R&D expenses by 436.69% to CNY 19.74 million, primarily due to higher investments in environmental industry projects[50] - The number of R&D personnel rose to 43, a 2.38% increase from 2021, with the proportion of R&D staff in the company increasing to 13.27%[52] - The company has established partnerships with several research institutions, enhancing its R&D capabilities in leachate treatment technology[36] Governance and Compliance - The governance structure of the company complies with the requirements of the Company Law and the Securities Law, ensuring a clear separation of powers among the board, supervisory board, and management[75][76] - The company maintains independence from its controlling shareholders in terms of personnel, assets, finance, and operations, ensuring autonomous decision-making[77][78] - The company has not faced any objections from directors regarding company matters during the reporting period[90] Environmental Management - The company updated its pollutant discharge permit in December 2022, valid until December 2027[112] - The company reported a total wastewater discharge of 35,010 tons per annum, compliant with the relevant discharge standards[113] - The company has established a wastewater treatment station to ensure that production wastewater meets standards before being transferred to a centralized treatment facility[114] Employee and Management Structure - The total number of employees at the end of the reporting period was 423, including 22 from the parent company and 401 from major subsidiaries[99] - The company has established a compensation policy based on job value, individual capability, and performance management[101] - The total pre-tax remuneration for the company's directors, supervisors, and senior management during the reporting period amounted to CNY 3.34 million[87] Related Party Transactions - The company has significant related party transactions, including procurement of raw materials amounting to 3,559.6 million yuan, which constitutes 85.22% of similar transactions[141] - The company adheres to market pricing principles for its related party transactions, ensuring fairness and reasonableness in pricing[141] - The company has disclosed its annual related party transactions in accordance with regulatory requirements[142] Future Outlook - The company plans to accelerate technology reserves and collaborate with Dalian University of Technology to support future business development and performance improvement[39] - The company aims to optimize its industrial structure and concentrate resources to cultivate new business support points for long-term development[127] - Future guidance indicates a focus on expanding market share and enhancing product offerings through new technology development[144]

Financial Performance - The company's operating revenue for Q1 2023 was ¥128,427,298.21, a decrease of 31.46% compared to ¥187,386,680.66 in the same period last year[3] - The net loss attributable to shareholders was ¥12,365,102.65, showing a slight improvement of 5.53% from a loss of ¥13,088,647.11 in the previous year[3] - The net loss for the current period was ¥11,985,693.19, compared to a net loss of ¥7,553,561.26 in the previous period, indicating a worsening of 58.5%[15] - Operating profit (loss) for the current period was -¥12,265,246.90, compared to -¥5,174,102.43 in the previous period[14] Cash Flow - The net cash flow from operating activities increased significantly by 222.94%, reaching ¥57,962,488.22, compared to a negative cash flow of ¥47,146,756.88 in the same period last year[3] - Cash flow from operating activities generated a net inflow of ¥57,962,488.22, a significant improvement from a net outflow of -¥47,146,756.88 in the previous period[17] - The company received cash inflow from operating activities totaling ¥224,358,097.71, up from ¥191,245,754.03 in the previous period[17] - The company reported a total cash outflow from financing activities of ¥460,207,456.22, compared to ¥374,728,854.45 in the previous period[19] Assets and Liabilities - Total assets decreased by 12.73% to ¥1,741,819,948.75 from ¥1,995,858,542.59 at the end of the previous year[3] - The company's total liabilities decreased to CNY 1,541,856,725.52 from CNY 1,627,143,959.92, indicating a reduction in financial obligations[12] - Current assets totaled CNY 714,646,642.57, down from CNY 796,561,306.59 at the beginning of the year, reflecting a decline of approximately 10.3%[10] - The company's total equity decreased to CNY 199,963,223.23 from CNY 211,948,916.42, reflecting a decline of about 5.7%[12] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,472, with the largest shareholder holding 26.91% of the shares[7] - The equity attributable to shareholders dropped by 62.26%, amounting to ¥13,667,723.12 compared to ¥36,215,809.71 at the end of the previous year[3] Operating Costs and Expenses - The company experienced a 30.48% reduction in operating costs, which amounted to ¥112,891,342.01, down from ¥162,395,412.74 in the same period last year[6] - Total operating costs decreased to ¥142,233,185.01 from ¥192,956,297.76, reflecting a reduction of 26.3%[14] - Research and development expenses increased to ¥3,317,694.72 from ¥1,917,193.60, representing a growth of 73.2%[14] Cash and Cash Equivalents - Cash and cash equivalents decreased significantly from CNY 187,952,596.61 to CNY 83,320,286.98, a drop of about 55.7%[10] - Cash and cash equivalents at the end of the period decreased to ¥12,909,830.72 from ¥57,598,180.78, a decline of 77.6%[19] Other Income and Litigation - The company reported a significant increase in other income, which rose by 100.52% to ¥1,067,431.45 due to increased government subsidies[6] - The company has ongoing litigation regarding the refund of CNY 23,104,061.06 related to leachate treatment fees, which may impact future cash flows[9] Accounts Receivable and Inventory - Accounts receivable increased to CNY 332,613,576.84 from CNY 323,118,769.54, showing a growth of approximately 2.5%[10] - The inventory decreased slightly from CNY 72,169,911.53 to CNY 71,409,951.09, indicating a reduction of about 1.1%[10] Return on Equity - The weighted average return on equity was -62.29%, compared to -30.61% in the previous year, indicating a decline in profitability[3]

江苏法尔胜股份有限公司 2022 年第三季度报告 证券代码：000890 证券简称：法尔胜 公告编号：2022-060 江苏法尔胜股份有限公司 Jiangsu Fasten Company Limited 2022 年第三季度报告 股票简称：法尔胜 2022 年 10 月 股票代码：000890 董 事 长：陈明军 江苏法尔胜股份有限公司 2022 年第三季度报告 江苏法尔胜股份有限公司 2022 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息 的真实、准确、完整。 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | ...

Financial Performance - The company reported a revenue of ¥371,680,169.16, representing a 66.45% increase compared to the same period last year[19]. - The net profit attributable to shareholders was a loss of ¥27,633,338.41, which is a 68.62% increase in losses year-over-year[19]. - The net cash flow from operating activities improved to ¥11,282,598.87, a 117.74% increase compared to the previous year[19]. - The total operating revenue for the first half of 2022 reached ¥371,680,169.16, a significant increase of 66.5% compared to ¥223,301,338.45 in the same period of 2021[118]. - The operating loss for the first half of 2022 was ¥10,366,050.89, an improvement from a loss of ¥16,403,657.59 in the first half of 2021[119]. - Net loss for the first half of 2022 was ¥15,103,726.66, compared to a net loss of ¥16,388,256.97 in the same period last year, indicating a narrowing of losses[119]. - The company reported a total comprehensive loss of ¥16,839,226.66 for the first half of 2022, compared to a comprehensive loss of ¥16,388,256.97 in the previous year[120]. - The company experienced a significant increase in financial expenses, totaling ¥36,363,195.66, compared to ¥22,387,449.61 in the first half of 2021[119]. Assets and Liabilities - The total assets decreased by 3.64% to ¥1,890,603,332.50 compared to the end of the previous year[19]. - The company's equity attributable to shareholders decreased from CNY 49,304,456.82 to CNY 19,935,618.41, a decline of about 59.6%[112]. - Total liabilities increased from CNY 1,738,663,662.29 to CNY 1,683,994,908.16, a decrease of about 3.1%[112]. - The company's total liabilities decreased to ¥820,898,253.39 from ¥976,899,062.86, a reduction of approximately 16%[116]. - Current assets decreased from CNY 844,640,542.81 on January 1, 2022, to CNY 762,588,628.89 by June 30, 2022, representing a decline of approximately 9.7%[110]. Business Segments - The metal products business generated revenue of ¥14,726.82, a decrease of 34.05% due to asset disposals and operational pressures from COVID-19 and environmental policies[27]. - The environmental business, primarily conducted by the subsidiary Guantaiyuan, focuses on high-difficulty wastewater treatment and was recognized as a "little giant" enterprise by the Ministry of Industry and Information Technology[27]. - Jiangsu Farsen's operating revenue reached 371.68 million yuan, a significant increase of 66.45% compared to 223.30 million yuan in the previous year, primarily due to the expansion of the environmental protection business[32]. - The gross profit margin for the environmental protection business was 26.82%, indicating strong profitability in this segment[36]. Research and Development - Research and development investment for Jiangsu Farsen was 7.29 million yuan, marking a 100% increase compared to the previous period[32]. - Guangtaiyuan has established partnerships with several national research institutions and universities to enhance its R&D capabilities[29]. - The company is actively exploring new business areas such as landfill remediation and sludge treatment, leveraging its research collaboration with universities[28]. Cash Flow and Financing - The net cash flow from operating activities for the first half of 2022 was ¥11,282,598.87, a significant improvement compared to a net outflow of ¥63,617,442.87 in the same period of 2021[124]. - Cash inflow from financing activities was ¥700,528,612.05, compared to ¥645,987,600.00 in the same period of 2021, indicating a growth of about 8.4%[125]. - The company reported a net cash outflow from investing activities of ¥14,702,026.52, an improvement from a net outflow of ¥227,725,340.54 in the first half of 2021[125]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,954[96]. - The largest shareholder, Farsen Hongsheng Group, holds 28.82% of shares, totaling 120,892,486 shares[96]. - The company completed the issuance of 39,862,368 new shares to its controlling shareholder, which were released from restrictions on June 20, 2022[93]. Environmental Management - The company has a wastewater treatment station that processes production wastewater to meet standards before discharging it to a centralized treatment facility, with a total discharge volume of 35,010 tons per year[57]. - The company has implemented a pollution prevention facility for acidic waste gas, which is treated to meet standards before being released, and has purchased large dust suppression vehicles for full coverage of the factory area[57]. - The company received its pollution discharge permit in 2020, with the permit number 91320281746247819J001X[58]. - The company has a blue environmental credit rating and has taken measures to reduce carbon emissions[58]. Risks and Challenges - The company faces market competition risks due to numerous small enterprises in the metal products industry, impacting pricing and profit margins[47]. - The company is exposed to raw material price fluctuation risks, which could affect operational results[47]. - Environmental risks are present due to the production processes involving hazardous waste, necessitating enhanced environmental management[48]. - The company has a significant goodwill risk following the acquisition of Dalian Guangtaiyuan Environmental Technology Co., which requires annual impairment testing[48]. Related Party Transactions - Jiangsu Far East Group reported a total of 2,295.4 million yuan in related party transactions, accounting for 89.37% of the approved transaction amount of 1,200 million yuan[71]. - The company engaged in related party transactions for raw materials with a transaction amount of 122.2 million yuan, representing 4.76% of similar transactions[71]. - The company has established fair pricing principles based on market prices for all related party transactions[71]. Corporate Governance - There were no changes in the board of directors or senior management during the reporting period[52]. - The company has not implemented any employee stock ownership or incentive plans during the reporting period[54]. - The semi-annual financial report has not been audited[65].

江苏法尔胜股份有限公司 2022 年第一季度报告 证券代码：000890 证券简称：法尔胜 公告编号：2022-022 江苏法尔胜股份有限公司 2022 年第一季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 187,386,680.66 | 119,769,655.92 | 56.46% | | 归属于上市公司股东的净利润（元） | -13,088,647.11 | 3,013,057.5 ...

Financial Performance - The company's operating revenue for 2021 was CNY 667,468,092.57, representing a 42.91% increase compared to CNY 467,058,989.47 in 2020[20] - The net profit attributable to shareholders for 2021 was CNY 40,014,405.47, a significant increase of 150.79% from CNY 15,955,439.93 in 2020[20] - The basic earnings per share for 2021 was CNY 0.10, reflecting a 150.00% increase from CNY 0.04 in 2020[21] - The total assets at the end of 2021 amounted to CNY 1,962,111,313.29, which is an increase of 111.79% from CNY 926,424,250.02 at the end of 2020[21] - The net assets attributable to shareholders increased by 196.58% to CNY 49,304,456.82 at the end of 2021, compared to CNY 16,624,494.80 at the end of 2020[21] - The company reported a net cash flow from operating activities of CNY -163,650,562.14 in 2021, a decrease of 107.95% from CNY 2,058,155,223.24 in 2020[21] - The company’s weighted average return on equity for 2021 was 87.91%, a significant improvement from 0.00% in 2020[21] - The revenue from main business activities after deductions was CNY 649,051,512.82 in 2021, compared to CNY 444,197,317.11 in 2020[21] Cash Flow and Investments - The company reported a net cash flow from operating activities of ¥46,836,338.25 in Q4 2021, contrasting with a negative cash flow of ¥146,869,457.52 in Q3 2021[26] - The company reported a significant increase in management expenses by 30.02% to CNY 39,610,570.86, attributed to the same reason as above[50] - Investment cash inflow decreased by 71.20% to ¥184,118,725.93 in 2021 from ¥639,331,061.02 in 2020[54] - Investment cash outflow surged by 919.85% to ¥378,319,242.79 in 2021, compared to ¥37,095,740.60 in 2020[54] - Financing cash inflow decreased by 40.84% to ¥1,330,232,221.50 in 2021 from ¥2,248,523,223.52 in 2020[55] Acquisitions and Business Expansion - The company completed a significant acquisition of 51% stake in Guotaiyuan in June 2021, enhancing its capabilities in high-difficulty wastewater treatment[32] - The company completed the acquisition of 51% of Dalian Guotaiyuan Environmental Technology Co., Ltd. for CNY 45.9 million, expanding its environmental business[45] - The company is actively pursuing the acquisition of an additional 49% stake in Guangtai to further enhance its main business profitability[77] - The company aims to expand its environmental industry operations, including waste treatment and ecological restoration, to leverage competitive advantages and extend its service offerings[78] Revenue Breakdown - Revenue from metal products was CNY 394,235,611.91, accounting for 59.06% of total revenue, while environmental business revenue was CNY 273,232,480.66, making up 40.94%[39] - Domestic sales reached CNY 644,514,648.92, which is 96.56% of total sales, showing a 43.47% increase from CNY 449,225,217.27 in 2020[39] Research and Development - Research and development (R&D) investment amounted to ¥3,678,727.61 in 2021, a significant increase from ¥0.00 in 2020[53] - R&D investment accounted for 0.55% of total revenue in 2021, compared to 0.00% in 2020[53] - The number of R&D personnel increased to 37 in 2021, representing 9.34% of the total workforce[52] Governance and Compliance - The company has established a comprehensive internal control system to ensure compliance with governance standards and protect the interests of minority shareholders[81] - The company operates independently with a complete business system, making autonomous decisions and bearing its own profits and losses[83] - The company has maintained a stable board of directors and management team, with no resignations or dismissals reported during the term[87] - The company has a diverse board with independent directors from various professional backgrounds, enhancing governance and oversight[90] Environmental and Social Responsibility - The company has implemented measures to enhance environmental protection, including the installation of dust suppression equipment[126] - The company received a fine of 30,000 yuan for non-compliance with its pollution discharge permit, but it reported no significant impact on operations[126] - The company emphasizes its commitment to social responsibility and timely information disclosure to shareholders, particularly small investors[126] Shareholder Information - The total number of shares is 419,503,968, with 39,875,290 shares (9.51%) under limited sale conditions and 379,628,678 shares (90.49%) under unrestricted sale conditions[174] - The largest shareholder, Farsen Hongsheng Group Co., Ltd., holds 28.82% of the shares, totaling 120,892,486 shares[176] - The company has not issued any new shares or conducted any capital increases during the reporting period[175] Audit and Financial Reporting - The company reported a standard unqualified audit opinion for the financial statements as of December 31, 2021, indicating fair representation of its financial condition and results[191] - The audit report confirmed that there were no significant misstatements in the other information provided in the annual report[199] - The audit identified revenue recognition related to environmental income as a key audit matter due to inherent risks of manipulation to meet targets[195]

Financial Performance - The company's operating revenue for Q3 2021 was ¥253,565,852.83, representing a 96.79% increase year-over-year[4] - The net profit attributable to shareholders was ¥445,667.19, a decrease of 89.92% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥480,818.43, an increase of 105.16% year-over-year[4] - Total operating revenue for the current period reached ¥476,867,191.28, an increase of 26.8% compared to ¥375,925,139.27 in the previous period[18] - Operating profit for the current period was ¥17,870,202.91, down 28.5% from ¥25,015,789.21 in the previous period[19] - Net profit for the current period was ¥8,084,078.41, a decrease of 46.2% compared to ¥15,022,755.58 in the previous period[20] - Basic and diluted earnings per share were both -0.0380, compared to 0.0396 in the previous period, reflecting a significant decline[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,060,228,275.15, reflecting a 122.38% increase from the end of the previous year[4] - Total liabilities reached CNY 1,890,693,086.05, compared to CNY 909,799,755.22 at the end of 2020, marking an increase of about 107.5%[16] - The company's total assets were reported at CNY 2,060,228,275.15, up from CNY 926,424,250.02, reflecting a growth of approximately 122.9%[16] - The total equity attributable to the parent company was CNY 681,905.02, a decrease from CNY 16,624,494.80, indicating a decline of about 95.9%[16] Cash Flow - The cash flow from operating activities showed a net outflow of ¥210,486,900.39, a decrease of 109.51% compared to the previous year[9] - Cash flow from operating activities showed a net outflow of ¥210,486,900.39, contrasting with a net inflow of ¥2,213,434,057.29 in the previous period[23] - Cash flow from investing activities resulted in a net outflow of ¥321,982,936.20, compared to a net inflow of ¥403,918,059.52 in the previous period[23] - Cash flow from financing activities generated a net inflow of ¥452,760,048.21, a recovery from a net outflow of ¥2,629,856,638.31 in the previous period[23] - The ending cash and cash equivalents balance was ¥70,516,869.35, down from ¥196,434,731.92 in the previous period[23] Inventory and Receivables - Accounts receivable increased by 135.72% to ¥253,681,888.14 due to the consolidation of non-similar controlled enterprises[8] - Inventory surged by 419.87% to ¥228,013,895.69, primarily due to the increase in the scope of consolidation[8] - Accounts receivable increased significantly to CNY 253,681,888.14 from CNY 107,621,917.18, representing a growth of about 135.5% year-over-year[14] - Inventory surged to CNY 228,013,895.69, up from CNY 43,859,667.06, indicating an increase of approximately 420.5% compared to the previous year[14] Shareholder Information - The company had a total of 22,720 common shareholders at the end of the reporting period[11] - The largest shareholder, Farshing Hongsheng Group, held 28.82% of the shares, amounting to 120,892,486 shares, with 39,862,368 shares pledged[11] Future Outlook and Strategic Initiatives - Future outlook indicates a projected revenue growth of 20% for the next quarter, aiming for 1.44 billion RMB[26] - The company is investing 50 million RMB in R&D for new product development in the upcoming year[26] - Market expansion plans include entering two new provinces, targeting an additional 300,000 users[26] - The company is exploring potential acquisitions to enhance its market position, with a budget of 200 million RMB allocated for this purpose[26] - New technology initiatives are expected to reduce production costs by 15% over the next year[26] - The company plans to launch a new product line in Q1 2022, projected to contribute an additional 100 million RMB in revenue[26] - Strategic partnerships are being formed to enhance distribution channels, aiming for a 30% increase in market reach[26]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥223,301,338.45, a decrease of 9.62% compared to ¥247,073,445.15 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was a loss of ¥16,388,256.97, representing a decline of 254.62% from a profit of ¥10,599,384.94 in the previous year[19]. - The net cash flow from operating activities was -¥63,617,442.87, a significant drop of 102.89% compared to ¥2,204,787,348.50 in the same period last year[19]. - The basic earnings per share were -¥0.04, down 233.33% from ¥0.03 in the previous year[19]. - The company reported a weighted average return on net assets of -194.40%, a decline of 201.81% from 7.41% in the previous year[19]. - The company reported a significant increase in sales expenses, rising to CNY 236.24 million from CNY 127.08 million year-over-year[131]. - The company reported a comprehensive income loss of -16,388,256.97 CNY during the current period[144]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,062,234,077.58, an increase of 122.60% from ¥926,424,250.02 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were ¥236,237.83, a decrease of 98.58% from ¥16,624,494.80 at the end of the previous year[19]. - The total liabilities increased to CNY 1,917,171,223.86 from CNY 909,799,755.22, reflecting a rise of approximately 110.7%[121]. - The company's short-term borrowings increased to CNY 987,400,196.54 from CNY 660,513,441.59, which is an increase of approximately 49.3%[120]. - The total equity attributable to the parent company decreased to CNY 236,237.83 from CNY 16,624,494.80, indicating a decline of about 98.6%[122]. Acquisitions and Investments - The company completed the acquisition of 51% equity in Guantaiyuan, which has become a subsidiary, focusing on the development and management of waste leachate treatment equipment[27]. - Jiangsu Farsheng Co., Ltd. reported a significant acquisition of 51% stake in Dalian Guotaiyuan Environmental Technology Co., Ltd., which is expected to enhance the company's asset scale and business scope[47]. - The company completed the acquisition of 51% equity in Dalian Guantaiyuan Environmental Technology Co., Ltd. for a total price of 45.9 million RMB[99]. Market and Competition - The company is facing market competition risks due to numerous small enterprises in the metal products industry, which significantly impacts pricing and profit margins[48]. - To mitigate risks, the company is adjusting marketing strategies, controlling production capacity, and enhancing equipment efficiency to improve competitiveness[49]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities, with a total wastewater discharge of 35,010 tons per year, which is within the permitted limits[58]. - The company has established a wastewater treatment station and has implemented measures for the treatment of acidic and dust-laden exhaust gases to ensure compliance with environmental standards[58]. - The company received a fine of 30,000 yuan for non-compliance with the pollutant discharge permit regarding the setting of exhaust outlets, but this did not significantly impact normal production operations[59]. - The company has a blue environmental credit rating, indicating a satisfactory level of environmental responsibility[59]. Corporate Governance - The company held its annual general meeting with a participation rate of 42.55% on April 16, 2021, reflecting shareholder engagement in corporate governance[53]. - The company has established a sound corporate governance structure to provide institutional support for its development[66]. - The management team is committed to ensuring that the company does not engage in unfair practices that could harm its interests or those of its shareholders[68]. - The company emphasizes the importance of an independent governance structure to protect the rights of investors, especially minority shareholders[68]. Future Outlook - Future performance guidance indicates a positive outlook with expected revenue growth across various segments[82]. - The company is focusing on improving operational efficiency and reducing losses in the upcoming quarters[132]. - The company anticipates continued growth in user data and market expansion strategies in the upcoming quarters[82]. Related Party Transactions - The company reported a revenue of 138.12 million yuan from related party transactions, accounting for 2.09% of the total similar transactions[79]. - The company engaged in related party transactions with Jiangyin Farsen, resulting in a revenue of 25.97 million yuan, representing 0.39% of the total similar transactions[79]. - The company also reported 273.23 million yuan from related party transactions with Hongsheng Stainless Steel, which accounted for 4.14% of the total similar transactions[79]. Financial Reporting - The semi-annual financial report was not audited[76]. - The company’s financial statements reflect a cautious approach to capital management amid market uncertainties[160]. - The company’s financial reports comply with the requirements of the enterprise accounting standards, reflecting its financial position and operating results as of June 30, 2021[173].