Financial Performance - The company's operating revenue for the first half of 2023 was CNY 3,653,673,708.53, a decrease of 12.02% compared to the same period last year[16]. - The net profit attributable to shareholders was CNY 153,946,118.62, down 55.56% year-on-year[16]. - The net profit after deducting non-recurring gains and losses was CNY 94,759,902.32, a decline of 71.83% compared to the previous year[16]. - The net cash flow from operating activities was CNY 309,005,279.85, representing a decrease of 73.96% year-on-year[16]. - The total assets at the end of the reporting period were CNY 10,236,487,217.78, a decrease of 2.15% from the end of the previous year[16]. - The net assets attributable to shareholders increased by 2.65% to CNY 6,424,752,863.19 compared to the end of the previous year[16]. - The main reason for the decline in performance in the first half of 2023 was the downward shift in the price of major products compared to the same period last year[36]. - The company's operating revenue for the reporting period was ¥3,653,673,708.53, a decrease of 12.02% compared to ¥4,152,986,792.58 in the same period last year, primarily due to a decline in product prices[44]. - The operating cost decreased by 3.62% to ¥3,171,343,024.67 from ¥3,290,505,545.89, reflecting cost management efforts[44]. - The net cash flow from operating activities dropped significantly by 73.96% to ¥309,005,279.85, down from ¥1,186,472,664.76, attributed to lower product prices[44]. Research and Development - The company plans to enhance research and development of new types of fertilizers to meet the increasing demand for efficient agricultural inputs[22]. - Research and development investment increased by 4.05% to ¥15,893,204.77, compared to ¥15,275,269.69 in the previous year, indicating a commitment to innovation[44]. - The company has completed the pilot development of new carbon dioxide capture technology, enhancing its R&D capabilities in environmental technologies[42]. - The company is focusing on optimizing production factors and enhancing integrated production, marketing, and transportation capabilities to improve overall efficiency[40]. - Key projects under development include high-quality carbonate and ethylene glycol technology, new CO2 capture technology, and new denitration catalyst technology for ammonia SCR[41]. Market and Product Strategy - The main products include urea, compound fertilizers, and various chemical products, with a significant focus on liquid ammonia, urea, and methanol[23]. - The company will continue to adapt to the trend of green and low-carbon development in the fertilizer industry, emphasizing product differentiation and market segmentation[22]. - The company has established a marketing team across major fertilizer usage areas in China to promote business growth through various promotional activities[37]. - The company is also exposed to product price volatility risks due to market conditions and international factors, and it aims to increase new product development and market share to counteract these risks[60]. Financial Management and Investments - The company reported a significant net profit impact from its major subsidiaries, with 九禾股份 contributing 664.81 million yuan and 和宁化学 contributing 814.83 million yuan, both exceeding 10% of the company's net profit[58]. - The company faces high risks from raw material price fluctuations, particularly for natural gas and coal, and plans to enhance management and communication with suppliers to mitigate these risks[59]. - The company has a strong brand presence, particularly with its core brand "Gongnong" urea, which has a solid customer base in the Southwest region[39]. - The company utilizes a market-oriented procurement strategy for raw materials, ensuring competitive pricing through public selection and sealed bidding[28]. - The company aims to enhance its product quality through strict quality control measures and management systems[31]. Environmental and Safety Practices - The company is committed to improving safety and environmental standards in response to stricter regulations, focusing on enhancing its safety production system and environmental management capabilities[61]. - The company has successfully renewed its pollutant discharge permits, ensuring compliance with environmental regulations until 2028 for various subsidiaries[70]. - The company invested approximately 17.91 million yuan in environmental governance and protection from January to June 2023, and paid 1.1035 million yuan in environmental protection tax[74]. - The company has implemented energy efficiency benchmarking activities based on national standards, aiming to optimize energy performance and achieve energy-saving targets[77]. - The company is actively promoting the development of new technologies for flue gas denitrification systems to meet ultra-low emission requirements[78]. Shareholder and Debt Management - No cash dividends or stock bonuses will be distributed to shareholders for this reporting period[3]. - The company provided assistance to struggling employees with a total investment of CNY 166,200 (approximately USD 25,000) in the first half of the year[82]. - The company donated CNY 50,000 (approximately USD 7,500) to support youth development through the Hejiang County Committee for the Care of the Next Generation[82]. - The company repaid bank loans totaling CNY 196,945.48 million (approximately USD 30 million) through stock and CNY 62,608.92 million (approximately USD 9.5 million) in cash[85]. - The company has no overdue debts and is currently executing its restructuring plan[97]. Financial Position and Assets - The company's total assets as of June 30, 2023, amounted to CNY 10,236,487,217.78, a decrease from CNY 10,461,163,766.44 at the beginning of the year[115]. - The company's current assets totaled CNY 5,482,094,969.95, down from CNY 5,616,428,960.40 at the start of the year, indicating a decline of approximately 2.4%[116]. - The cash and cash equivalents decreased to CNY 3,027,391,032.59 from CNY 3,544,624,189.98, representing a reduction of about 14.6%[115]. - The company's inventory decreased significantly from CNY 675,304,163.63 to CNY 493,147,882.43, a decline of approximately 26.9%[116]. - Total liabilities decreased from CNY 4,199,635,755.13 to CNY 3,806,299,924.03, reflecting a reduction of about 9.4%[117]. Compliance and Accounting Practices - The company’s financial statements are prepared in accordance with the enterprise accounting standards, ensuring accurate reflection of its financial status[170]. - The company includes all subsidiaries in the consolidated financial statements based on control, ensuring consistent accounting policies and periods across all entities[175]. - The company recognizes investment income for the difference between the fair value and book value of equity investments held prior to the acquisition date when control is obtained over entities not under common control[178].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 2,186,529,140.95, representing a 25.16% increase compared to CNY 1,746,977,069.14 in the same period last year[5] - Net profit attributable to shareholders was CNY 173,349,950.88, up 23.78% from CNY 140,051,311.53 year-on-year[5] - Basic earnings per share increased by 22.22% to CNY 0.11 from CNY 0.09 in the same period last year[5] - The total comprehensive income for Q1 2023 was ¥163,340,237.84, an increase from ¥132,622,041.14 in the same quarter last year[23] - Net profit for Q1 2023 was ¥169,474,095.09, representing a 21.8% increase compared to ¥139,023,962.54 in Q1 2022[22] Cash Flow - The net cash flow from operating activities decreased significantly by 97.64%, amounting to CNY 6,946,997.26 compared to CNY 294,355,742.17 in the previous year[11] - Cash flow from operating activities generated a net amount of ¥6,946,997.26, a significant decrease from ¥294,355,742.17 in Q1 2022[27] - Cash flow from investing activities resulted in a net outflow of ¥67,952,843.89, an improvement from a net outflow of ¥120,784,329.01 in the previous year[27] - Cash flow from financing activities showed a net outflow of ¥398,084,827.56, compared to a net outflow of ¥188,712,434.43 in Q1 2022[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,848,938,208.10, a decrease of 5.85% from CNY 10,418,378,090.47 at the end of the previous year[6] - The company's total liabilities decreased to CNY 3,407,219,782.43 from CNY 4,199,635,755.13, indicating a reduction in financial obligations[19] - The cash and cash equivalents decreased to CNY 2,585,072,309.58 from CNY 3,544,624,189.98, reflecting a decline of approximately 27.2%[17] - The accounts receivable decreased to CNY 56,437,728.78 from CNY 69,700,831.66, a reduction of about 19%[17] - The inventory decreased to CNY 620,941,825.74 from CNY 675,304,163.63, showing a decline of approximately 8.1%[17] - The total current liabilities decreased to CNY 2,598,725,844.31 from CNY 3,300,940,349.09, indicating a reduction of about 21.2%[19] Equity and Borrowings - The total equity attributable to the parent company increased to CNY 6,436,255,121.73 from CNY 6,258,855,518.24, reflecting an increase of about 2.8%[19] - The company's short-term borrowings remained stable at CNY 150,139,583.33[19] - The long-term borrowings decreased to CNY 455,098,813.82 from CNY 536,872,438.82, a decrease of approximately 15.2%[19] Research and Development - Research and development expenses rose by 74.32% to CNY 8,097,822.78, reflecting increased investment in R&D[11] - The company reported a significant increase in research and development expenses, totaling ¥8,097,822.78, compared to ¥4,645,415.44 in Q1 2022[22] Operating Costs - The company reported a significant increase in operating costs, which rose by 34.66% to CNY 1,908,094,761.31 due to higher production volumes and increased revenue[11] - Total operating costs amounted to ¥2,045,514,054.07, up 33.4% from ¥1,532,835,457.60 in the previous year[22] Non-Operating Income - The company recorded a non-operating income of CNY 14,616,250.75, a substantial increase of 981.24% compared to CNY 1,351,809.01 in the previous year[11] Receivables Financing - The company experienced a 419.77% increase in receivables financing, reaching CNY 46,781,187.36, primarily due to sales invoices not yet due for acceptance[10] Prepayments - The company's prepayments increased significantly to CNY 683,873,656.70 from CNY 327,351,838.46, an increase of approximately 108.5%[17]

Financial Performance - The company's operating revenue for 2022 was CNY 7,534,430,868.35, representing an increase of 11.57% compared to CNY 6,752,856,224.51 in 2021[21]. - The net profit attributable to shareholders for 2022 was CNY 367,271,883.76, a decrease of 17.68% from CNY 446,155,715.14 in 2021[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 327,048,483.76, down 18.80% from CNY 402,789,192.31 in the previous year[21]. - Basic earnings per share for 2022 were CNY 0.23, a decrease of 17.86% from CNY 0.28 in 2021[21]. - The weighted average return on net assets was 6.05%, down from 7.90% in 2021, reflecting a decline of 1.85%[21]. - Total assets increased by 7.54% to CNY 10,418,378,090.47 at the end of 2022 compared to CNY 9,687,897,634.41 at the end of 2021[22]. - Net assets attributable to shareholders rose by 6.52% to CNY 6,257,820,909.31 at the end of 2022 from CNY 5,875,020,313.99 at the end of 2021[22]. - The company reported a total profit of 471 million yuan, reflecting a year-on-year growth of 2.53%[63]. - The total revenue for 2022 was approximately ¥7.53 billion, representing an increase of 11.57% compared to ¥6.75 billion in 2021[67]. - The fertilizer industry accounted for ¥3.83 billion, or 50.84% of total revenue, with a year-on-year growth of 24.46%[67]. - The chemical industry generated ¥2.17 billion, contributing 28.86% to total revenue, but saw a decline of 3.59% compared to the previous year[67]. Cash Flow and Investments - The net cash flow from operating activities increased by 38.84% to CNY 892,336,357.87, compared to CNY 642,706,852.78 in 2021[21]. - The company achieved a non-recurring profit of CNY 40,223,400.00 in 2022, compared to CNY 43,366,522.83 in 2021[27]. - Cash and cash equivalents increased by 537.38% to ¥477,310,059.59, primarily due to improved sales collection and higher gross margins[83]. - The company’s investment amount decreased by 46.26% to ¥176,228,000.45 compared to the previous year[87]. - The net cash flow from financing activities improved by 83.97% to -¥19,374,457.70, mainly due to short-term borrowings and cash from bill discounts[83]. Production and Operations - The company continues to focus on the production of fertilizers and basic chemicals, including methanol and liquid ammonia[20]. - The company holds a total production capacity of 1 million tons for synthetic ammonia, 1.67 million tons for urea, 805,000 tons for compound fertilizer, and 640,000 tons for methanol[36]. - Fertilizer product output was 1.5781 million tons, up 1.52% year-on-year, with revenue from fertilizer products reaching 3.83 billion yuan, a growth of 24.46%[64]. - Chemical product output was 899,900 tons, down 5.13% year-on-year, with revenue from chemical products at 2.175 billion yuan, a decline of 3.59%[65]. - The production capacity utilization rates for key products are as follows: synthetic ammonia at 96.47%, urea at 67.50%, and nitric acid at 109.36%[56]. Research and Development - The company has established a strong R&D capability, collaborating with top universities and international technology service companies, enhancing its product development advantages[53]. - Research and development expenses increased by 107.14% to ¥77,341,314.47, reflecting a significant investment in collaboration with research institutions[77]. - The company completed small-scale technology development for high-performance lubricating oil base oil, which is expected to support its upgrade and transformation[78]. - New product development projects include chelated potassium zinc boron and magnesium zinc boron fertilizers, aimed at enhancing product competitiveness[78]. - The company aims to reduce energy consumption by 10% in methanol distillation through advanced control technology[79]. Environmental and Social Responsibility - The company is committed to complying with environmental protection laws and standards, including the "Environmental Protection Law of the People's Republic of China" and relevant local regulations[156]. - The company invested a total of 191.61 million yuan in environmental governance and protection in 2022, and paid 3.47 million yuan in environmental protection tax[163]. - The company achieved a design treatment capacity of 4,800 tons per day for wastewater treatment facilities, operational for 365 days since December 2020[161]. - The company has been recognized as a pilot enterprise for industrial wastewater recycling in Sichuan Province, with only two companies receiving this honor[168]. - In 2022, the company provided assistance to 90 employees in need, totaling 441,700 CNY, and raised 152,100 CNY in charitable donations[171]. Corporate Governance - The company emphasizes the importance of corporate governance and compliance with laws and regulations, ensuring the protection of shareholders' rights[108]. - The board of directors has established various committees to enhance decision-making and operational efficiency[109]. - The company maintains transparent communication with stakeholders, ensuring their rights are respected and promoting sustainable development[114]. - The company has established a complete independent organizational structure to support its operations[118]. - The company has not identified any significant discrepancies between its governance practices and regulatory requirements[117]. Market and Competitive Position - The company is focusing on the production of green and efficient fertilizers, aligning with national policies to reduce traditional fertilizer usage and promote sustainable agricultural practices[38]. - The company is positioned to benefit from the increasing market share of green fertilizers as traditional products decline[38]. - The company plans to enhance its core competitiveness by deepening technological innovation and improving the quality of economic operations[95]. - The company intends to expand its market presence by consolidating traditional markets and enhancing brand image, particularly in the Sichuan-Chongqing region and surrounding areas[98]. - The company is exploring innovative models such as soil testing and integrated water and fertilizer management to lead industry transformation and development[38].

Financial Performance - The company's operating revenue for Q3 2022 was ¥1,260,285,122.03, a decrease of 23.75% compared to the same period last year[6]. - The net profit attributable to shareholders was -¥4,930,316.83, representing a decline of 103.40% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥13,937,471.94, down 109.75% from the previous year[6]. - Total operating revenue for the current period reached ¥5,413,271,914.61, an increase of 11.87% compared to ¥4,837,983,292.51 in the previous period[31]. - Net profit for the current period was ¥340,047,702.01, a decrease of 24.5% from ¥450,656,071.61 in the previous period[34]. - Basic earnings per share decreased to ¥0.2178 from ¥0.2894, representing a decline of 24.8%[36]. Cash Flow and Liquidity - The net cash flow from operating activities reached ¥808,141,762.86, an increase of 1,633.27% compared to the same period last year[6]. - Operating cash inflow for the current period reached ¥6,059,810,663.78, a significant increase of 29.0% compared to ¥4,700,413,283.91 in the previous period[38]. - Net cash outflow from operating activities was ¥5,251,668,900.92, up from ¥4,653,788,057.06, resulting in a net cash flow from operating activities of ¥808,141,762.86, compared to only ¥46,625,226.85 in the prior period[42]. - The net increase in cash and cash equivalents for the period was ¥93,197,848.95, contrasting with a decrease of ¥338,784,604.50 in the previous period[42]. - The ending balance of cash and cash equivalents stood at ¥901,928,594.56, compared to ¥579,075,330.47 at the end of the previous period[42]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,606,025,755.45, up 9.48% from the end of the previous year[6]. - Total current assets reached ¥5,814,635,953.39, up from ¥4,603,226,314.59 at the start of the year, indicating a growth of about 26.23%[23]. - Total liabilities rose to ¥4,382,693,828.57, compared to ¥3,809,478,396.08, indicating an increase of 15%[30]. - The company's equity attributable to shareholders increased to ¥6,221,358,155.34 from ¥5,875,020,313.99, reflecting a growth of 5.88%[30]. Investments and Financial Assets - The company reported a significant increase in trading financial assets, which rose by 108.89% to ¥1,350,000,000.00 due to increased purchases of financial products[9]. - The company reported a total of 1,350,000,000 in trading financial assets as of September 30, 2022, compared to 646,270,000 at the beginning of the year, marking an increase of approximately 108.73%[23]. - Long-term equity investments decreased from ¥119,877,186.78 to ¥68,935,333.23, a decline of about 42.43%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 59,610, with the largest shareholder, Luzhou Tianhua (Group) Co., Ltd., holding 13.49% of shares, equating to 211,458,993 shares[14]. - The top ten shareholders include state-owned entities, with Luzhou Tianhua (Group) Co., Ltd. and Luzhou Industrial Development Investment Group Co., Ltd. being acting in concert[19]. - The company has a total of 211,458,993 shares held by Luzhou Tianhua (Group) Co., Ltd., with 80,000,000 shares held in a margin trading account[17]. Operational Costs and Expenses - Total operating costs amounted to ¥4,892,494,592.83, up from ¥4,375,237,544.39, reflecting a year-over-year increase of 11.79%[31]. - Research and development expenses were ¥35,782,684.74, down from ¥46,953,379.46, showing a decrease of 23.7%[34]. - The company reported a financial expense of -¥45,932,733.26, compared to -¥39,708,055.91 in the previous period, indicating an increase in financial costs[34]. - Total cash outflow for employee payments increased to ¥379,927,431.33 from ¥343,891,809.95, reflecting a rise of approximately 10.5%[42]. - The company experienced a significant increase in tax payments, totaling ¥195,861,943.62, compared to ¥117,881,643.73 in the previous period[42]. Strategic Developments - The company has not reported any new strategies or significant market expansions in the current quarter[20]. - The company did not report any new product launches or technological advancements during this period[44].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 4,152,986,792.58, representing a 30.39% increase compared to CNY 3,185,117,136.87 in the same period last year[31]. - Net profit attributable to shareholders was CNY 346,403,171.64, up 12.12% from CNY 308,950,621.98 year-on-year[31]. - The net profit after deducting non-recurring gains and losses was CNY 336,363,086.24, reflecting a 19.12% increase from CNY 282,365,193.03 in the previous year[31]. - The net cash flow from operating activities surged by 369.19% to CNY 1,186,472,664.76, compared to CNY 252,875,797.86 in the same period last year[31]. - Basic earnings per share were CNY 0.2209, up 12.13% from CNY 0.1970 in the previous year[31]. - The company's total revenue for the reporting period reached ¥4,152,986,792.58, representing a year-on-year increase of 30.39% primarily due to rising product prices[57]. - The gross profit margin for the fertilizer sector was 25.80%, with revenue from this segment increasing by 59.42% year-on-year to ¥2,384,973,857.72[60]. - The company reported a total comprehensive income of ¥347,322,437.31 for the first half of 2022, compared to ¥307,512,925.02 in the same period of 2021[166]. - The company's total liabilities and equity reached ¥8,023,859,798.64, an increase from ¥7,407,651,222.94 in the previous year[162]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 10,582,824,993.48, a 9.24% increase from CNY 9,687,897,634.41 at the end of the previous year[31]. - The net assets attributable to shareholders increased by 6.06% to CNY 6,231,069,795.26 from CNY 5,875,020,313.99 at the end of the last year[31]. - The company's fixed assets decreased by 4.70% to ¥3,950,453,324.64, reflecting changes in asset management strategies[63]. - Total liabilities rose to CNY 4,349,770,409.11 from CNY 3,809,478,396.08, marking an increase of approximately 14.14%[154]. - The total current liabilities rose to ¥1,477,560,711.39, compared to ¥1,078,243,053.11 in the previous year, reflecting increased operational activities[162]. Market and Industry Insights - The fertilizer industry is currently in a phase of stock integration and transformation after rapid development, influenced by factors such as geopolitical conflicts and strict safety regulations[37]. - The company's main products include urea and compound fertilizers, with urea primarily used as agricultural fertilizer and industrial raw material[38]. - Urea prices have increased compared to the same period last year, driving significant performance growth for the company[49]. - The overall profit of urea products is relatively high, while methanol products showed a decline in the second quarter due to high raw material costs[49]. Research and Development - The company completed 56 technology innovation projects during the reporting period, with 14 new patents filed, including 2 invention patents[55]. - Research and development expenses for the first half of 2022 were ¥15,275,269.69, up from ¥10,511,979.81 in the first half of 2021, indicating a focus on innovation[163]. - The company has initiated key projects in high-performance lubricating oil and carbon dioxide-based products, indicating ongoing investment in R&D[55]. Environmental and Compliance Efforts - The company has implemented measures to ensure compliance with stricter safety and environmental standards in response to national "dual carbon" policies[75]. - The company reported a total pollutant discharge of 22.56 tons/year for chemical oxygen demand, which is below the permitted limit of 87.6 tons/year[88]. - The company has implemented a wastewater treatment facility with a design capacity of 4,800 tons/day, operational for 181 days since December 2020[91]. - The company has established energy efficiency benchmarks for 2022 based on national standards, aiming to enhance energy performance evaluations[96]. Community Engagement and Social Responsibility - In the first half of the year, the company donated 13 tons of fertilizer and contributed CNY 300,000 to support local communities, while completing a supply task of 240,000 tons of urea as mandated by the Sichuan Provincial Economic and Information Technology Department[101]. - The company has been fulfilling its national fertilizer storage tasks for 17 consecutive years, with a cumulative completion of 7,915,000 tons, contributing to national food security[101]. Financial Management and Investments - The company has engaged in entrusted financial management with a total amount of CNY 23 million, all of which is still outstanding[122]. - The company has not reported any overdue amounts or impairment provisions related to entrusted financial management[122]. - The company reported a financial asset impairment of ¥10,276,849.76 during the period[64]. Shareholder and Equity Information - The total number of shares remains at 1.568 billion, with no changes in the shareholding structure[128]. - The total number of common shareholders at the end of the reporting period was 58,383, with the largest shareholder, Luzhou Tianhua (Group) Co., Ltd., holding 13.49% of shares, equating to 211,458,993 shares[132]. - The company has not reported any major changes in shareholder structure or stock issuance during the reporting period[129].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,746,977,069.14, representing a 54.41% increase compared to ¥1,131,373,601.50 in the same period last year[4] - Net profit attributable to shareholders was ¥140,051,311.53, a significant increase of 176.35% from ¥50,679,733.13 in the previous year[4] - The net profit after deducting non-recurring gains and losses reached ¥135,077,577.11, marking a 401.76% increase from ¥26,920,613.90 year-on-year[4] - Basic earnings per share increased to ¥0.09, a 200.00% rise compared to ¥0.03 in the previous year[4] - Net profit for the current period was ¥139,023,962.54, up from ¥50,044,729.40 in the previous period, indicating a growth of approximately 177.5%[29] - The company reported a total profit of ¥185,964,731.26, up from ¥53,268,088.14, which is an increase of about 249.5%[29] Cash Flow - The net cash flow from operating activities was ¥294,355,742.17, up 292.59% from ¥74,978,854.56 in the same quarter last year[4] - Total cash inflow from operating activities was ¥2,031,321,094.26, compared to ¥900,835,874.79 in the previous period, representing an increase of approximately 125.0%[32] - Cash inflow from financing activities increased to $692.60 million, compared to $500.50 million in the previous period[35] - The net cash flow from financing activities was -$188.71 million, compared to -$60.69 million in the previous period[35] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,254,768,553.00, reflecting a 5.85% increase from ¥9,687,897,634.41 at the end of the previous year[4] - The company's total liabilities increased to CNY 4,240,087,396.66 from CNY 3,809,478,396.08, marking an increase of about 11.29%[22] - Current assets rose to CNY 5,271,318,549.02, compared to CNY 4,603,226,314.59 at the start of the year, indicating an increase of about 14.49%[18] - The company's inventory decreased to CNY 512,705,561.56 from CNY 601,845,941.99, representing a reduction of about 15.00%[18] Operating Costs and Income - Operating costs increased by 45.35%, mainly due to rising natural gas prices and increased sales volume[8] - The company experienced a 384.42% increase in non-operating income, primarily from received compensation for breaches of contract[8] - Total operating costs amounted to ¥1,532,835,457.60, compared to ¥1,093,880,463.60 in the prior period, reflecting an increase of about 40.1%[26] Investments and Expenditures - The company has ongoing investments in construction projects, with capital expenditures reflected in the increase of construction in progress to CNY 309,694,357.67 from CNY 282,808,153.03, an increase of approximately 9.50%[18] - Research and development expenses were ¥4,645,415.44, slightly up from ¥4,200,395.69, indicating a growth of about 10.6%[26] Other Financial Metrics - The company's weighted average return on equity was 1.39%, up from 0.93% in the same period last year[4] - The company reported a decrease in long-term borrowings to CNY 558,812,225.61 from CNY 700,419,989.35, a reduction of about 20.16%[22] - The company recorded a decrease in investment losses, with losses of ¥30,027,965.06 compared to ¥12,168,917.62 in the previous period, reflecting a worsening of approximately 146.5%[26] - Other comprehensive income after tax was reported at -¥6,401,921.40, compared to ¥492,156.51 in the previous period, indicating a significant decline[29] Audit Status - The company’s first quarter report was not audited[36]

Financial Performance - The company's operating revenue for 2021 was ¥6,752,856,224.51, representing a 20.20% increase compared to ¥5,617,952,971.24 in 2020[34] - The net profit attributable to shareholders for 2021 was ¥446,155,715.14, up 17.15% from ¥380,852,118.13 in the previous year[34] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥402,789,192.31, reflecting a significant increase of 35.31% from ¥297,667,894.16 in 2020[34] - Net profit for the year reached ¥642,706,852.78, an increase of 33.04% compared to the previous year[36] - Basic and diluted earnings per share increased to ¥0.28, reflecting a growth of 16.67% year-over-year[36] - Total assets rose to ¥9,687,897,634.41, marking a 23.39% increase from the end of the previous year[36] - Net assets attributable to shareholders increased by 8.43% to ¥5,875,020,313.99 compared to the previous year[36] - The total operating revenue for the year 2021 was approximately CNY 6.75 billion, representing a year-on-year increase of 20.20% compared to CNY 5.62 billion in 2020[93] - The fertilizer segment contributed CNY 3.15 billion, accounting for 46.58% of total revenue, with a year-on-year growth of 32.52%[93] - The chemical segment generated CNY 2.26 billion, which is 33.40% of total revenue, showing a significant increase of 66.44% compared to the previous year[93] - The trade business revenue decreased by 35.13% to CNY 1.13 billion, representing 16.78% of total revenue[93] - Domestic sales accounted for 95.73% of total revenue, amounting to CNY 6.46 billion, with a year-on-year growth of 28.43%[93] Operational Highlights - The company continues to focus on the production of fertilizers and basic chemicals, including methanol and liquid ammonia[32] - The company produced 1.5 million tons of urea, 600,000 tons of synthetic ammonia, and 750,000 tons of methanol, placing it in a lower-middle position within the industry[53] - The company has established a nationwide sales and service network covering major fertilizer usage areas, with a significant number of grassroots distribution points, indicating a higher-middle position in terms of sales and service[53] - The company maintained a market satisfaction rate of 97.21%, indicating strong customer recognition[86] - The company completed 60 technology innovation projects and achieved 21 technological innovation results during the reporting period[88] - The total sales volume for the fertilizer sector was 1,494,117.86 tons, a decrease of 10.53% from 2020, while production volume was 1,554,528.25 tons, down 5.29%[96] Research and Development - The company has established a postdoctoral research workstation and has collaborations with top universities, enhancing its R&D capabilities in various chemical technologies[71] - The company holds 1 invention patent for long-acting compound fertilizers and 2 for crop-specific fertilizers, indicating a focus on innovation in product development[71] - The company completed several R&D projects, including high-performance lubricating oil and new types of fertilizers, aimed at enhancing product competitiveness[106][109] - The company is developing new products such as super pure urea and ammonia SCR catalysts, which are expected to improve market competitiveness[109] - Total R&D investment amounted to ¥80,657,888.94 in 2021, a 29.96% increase from ¥62,062,625.71 in 2020, representing 1.19% of operating revenue[114] Procurement and Costs - The company’s procurement of natural gas amounted to approximately ¥1.34 billion, accounting for 28.12% of total procurement, with average prices rising from ¥1.52 in the first half to ¥1.66 in the second half[68] - The procurement of coal was approximately ¥1.23 billion, representing 25.91% of total procurement, with average prices increasing significantly from ¥596.37 to ¥1,381.11[68] - The company’s energy procurement costs account for over 30% of total production costs, influenced by rising international energy prices due to the pandemic[68] - The cost of raw materials for fertilizer products increased by 33.79% year-over-year, amounting to CNY 2.12 billion, which constituted 39.01% of total operating costs[99] - The overall operating costs increased by 11.36% year-over-year, totaling CNY 5.44 billion[99] Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, enhancing its governance level since the restructuring in 2018[154] - The board of directors is responsible for decision-making and has implemented a system to ensure fairness and professionalism in its operations[156] - The company maintains an independent financial system and has a dedicated finance department with its own accounting system[164] - The company emphasizes the protection of stakeholders' rights, including banks, employees, consumers, and suppliers[161] - The company has a robust internal control system to ensure effective management and operational efficiency[160] - The management team includes experienced professionals from both the financial and operational sectors, enhancing strategic decision-making capabilities[182] Future Strategies and Risks - Future development strategies and potential risks for 2022 are discussed in the management analysis section of the report[5] - The company aims to enhance its market position through product innovation and optimizing its product structure, supported by collaborations with academic institutions for technical guidance[66] - The company faces risks related to rising raw material costs, particularly natural gas and coal, and plans to implement lean management and technological innovations to mitigate these risks[145] - The company anticipates price volatility risks for chemical products, particularly methanol, due to fluctuations in international oil prices and capacity expansion, and aims to enhance market analysis capabilities[146] - The company is committed to strengthening safety and environmental protection measures, ensuring compliance with stricter production and safety standards[147]

Financial Performance - Revenue for Q3 2021 reached ¥1,652,866,155.64, an increase of 53.61% compared to the same period last year[5] - Net profit attributable to shareholders was ¥144,895,856.55, up 113.58% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥142,877,313.87, reflecting a 120.17% increase from the previous year[5] - Total operating revenue for the current period reached ¥4,837,983,292.51, an increase of 24% compared to ¥3,904,237,478.57 in the previous period[26] - Net profit for the current period was ¥450,656,071.61, significantly higher than ¥176,884,482.81 in the previous period, representing a 154% increase[29] - The total profit for the current period was ¥454,917,623.13, compared to ¥179,164,377.24 in the previous period, indicating a strong growth trajectory[29] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥9,526,830,874.65, a growth of 21.34% from the end of the previous year[5] - As of September 30, 2021, the company's total current assets reached CNY 4,705,338,680.49, a significant increase from CNY 2,887,777,061.46 at the end of 2020, representing a growth of approximately 63.0%[16] - The company's total liabilities as of September 30, 2021, were CNY 3,652,966,585.14, compared to CNY 2,436,266,345.35 at the end of 2020, marking an increase of about 50.0%[22] - The total assets of the company were CNY 9,526,830,874.65, compared to CNY 7,851,610,735.05 at the end of 2020, reflecting an increase of about 21.4%[24] Equity and Shareholder Information - The company's total equity attributable to shareholders increased by 8.51% to ¥5,879,553,739.79 compared to the end of the previous year[5] - The total equity attributable to the parent company reached CNY 5,879,553,739.79, up from CNY 5,418,326,614.84, which is an increase of approximately 8.5%[24] Cash Flow - Cash flow from operating activities for the year-to-date was ¥46,625,226.85, down 65.86% year-on-year[11] - Cash flow from operating activities totaled ¥4,700,413,283.91, compared to ¥3,191,383,361.04 in the previous period, marking a 47.2% increase[33] - The net cash flow from operating activities was $46,625,226.85, a decrease of 65.8% compared to $136,551,262.01 in the previous period[36] - The total cash outflow from investing activities was $1,856,598,577.24, up from $1,017,028,958.68, resulting in a net cash flow from investing activities of -$629,132,679.76[36] - Cash inflow from financing activities totaled $1,703,300,000.00, compared to $1,042,000,000.00 in the previous period, leading to a net cash flow from financing activities of $243,722,848.41[36] Expenses - The company’s management expenses increased by 64.60% to ¥332,138,556.87, attributed to higher repair costs[8] - The company’s financial expenses surged by 410.52% to ¥4,973,561.20, primarily due to increased discount interest from bill discounting[8] - Research and development expenses increased to ¥46,953,379.46 from ¥30,005,873.71, reflecting a commitment to innovation[26] Other Financial Metrics - The weighted average return on equity was 2.50%, an increase of 1.58 percentage points compared to the same period last year[5] - Basic earnings per share rose to ¥0.2894 from ¥0.1137, indicating a substantial improvement in profitability[32] - The company reported an investment loss of ¥31,286,713.96, worsening from a loss of ¥4,306,095.22 in the previous period[29] - Other comprehensive income after tax was a loss of ¥1,400,641.36, compared to a loss of ¥189,518.79 previously[29] Inventory and Receivables - Accounts receivable increased to CNY 103,104,734.43 from CNY 43,744,876.28, reflecting a growth of approximately 135.0%[19] - The company's inventory stood at CNY 439,828,631.18, slightly down from CNY 454,974,093.72, indicating a decrease of about 3.3%[19] Audit and Compliance - The third quarter report was not audited, indicating that the financial figures may be subject to further review[39]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 3,185,117,136.87, representing a 12.62% increase compared to CNY 2,828,230,729.72 in the same period last year[33]. - The net profit attributable to shareholders of the listed company reached CNY 308,950,621.98, a significant increase of 179.85% from CNY 110,396,932.50 in the previous year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 282,365,193.03, up 168.41% from CNY 105,198,849.08 year-on-year[33]. - The basic earnings per share increased to CNY 0.1970, reflecting a growth of 181.43% compared to CNY 0.07 in the same period last year[33]. - The total assets at the end of the reporting period were CNY 9,366,254,326.07, marking a 19.29% increase from CNY 7,851,610,735.05 at the end of the previous year[33]. - The net assets attributable to shareholders of the listed company were CNY 5,731,043,422.60, which is a 5.77% increase from CNY 5,418,326,614.84 at the end of the previous year[33]. - The net cash flow from operating activities was CNY 252,875,797.86, an increase of 14.14% compared to CNY 221,556,927.70 in the same period last year[33]. - The company's total liabilities increased to ¥3,638,727,240.51 from ¥2,436,266,345.35, which is an increase of approximately 49.4%[176]. - The total equity attributable to shareholders was reported at ¥5,727,527,085.56, compared to ¥5,415,344,389.70, indicating an increase of about 5.8%[178]. Industry and Market Trends - The demand for ammonium nitrate accounts for approximately 60-70% of the ammonium nitrate market demand, while the demand for nitrate compound fertilizers and other applications accounts for about 30-40%[47]. - In the first half of 2021, the fertilizer industry experienced a continuous rise in upstream raw material prices, significantly impacting domestic urea production costs and leading to a strong market demand, resulting in higher fertilizer prices[49]. - The chemical industry is undergoing a transformation towards green and sustainable development, with the company positioned to lead innovations in the fertilizer industry[50]. Company Strategy and Operations - The company plans to focus on the production and sales of fertilizers and chemical products, including urea and compound fertilizers[41]. - The company aims to transition from a "traditional single production manufacturing model" to a "manufacturing + service model," enhancing product competitiveness through diverse services and marketing strategies[50]. - The company has established a complete procurement, production, and marketing system, ensuring effective control over the procurement process and maintaining a customer-centric approach[48]. - The company operates four industrial chains, including synthetic ammonia, urea, nitric acid, and methanol, allowing for flexible product adjustments and efficient resource utilization[57]. - The company utilizes both natural gas and coal as raw materials for chemical and fertilizer production, optimizing resource use for better overall efficiency[59]. - The company has advanced production facilities for synthetic ammonia, urea, and methanol, supported by a strong public engineering capability for future development needs[60]. Financial Management and Investments - The total investment amount for the reporting period reached ¥221,156,687.94, a significant increase of 724.35% compared to ¥26,827,918.15 in the same period last year[73]. - The company made a capital increase investment of ¥11,000,000 in Sichuan Zhonglan Guoshu New Materials, acquiring an 11.11% stake[73]. - The company reported a loss of ¥25,502,000 from its investment in Sichuan Zhonglan Guoshu New Materials as of the balance sheet date[73]. - The company reported a related party transaction amount of 6,246.58 million CNY with Sichuan Zhonglan Guoshu New Materials Technology Co., accounting for 58.31% of similar transactions[129]. Risk Management - The company faces risks from rising costs of raw materials, particularly natural gas and coal, which are expected to continue increasing in the second half of the year[84]. - The company is implementing measures to mitigate risks, including adjusting production ratios and utilizing derivative tools for price risk hedging[85]. Environmental and Social Responsibility - The company emphasizes strict adherence to safety and environmental regulations, aiming to exceed national and industry standards[86]. - The company reported a total nitrogen emission of 10.60 tons per year, with a permitted limit of 61.32 tons per year, indicating no exceedance[97]. - The company has completed the construction of wastewater treatment facilities in December 2020, which began trial operation in January 2021[104]. - The company has committed to social responsibility by supporting rural revitalization efforts, including donating 10 tons of new urea to Dongshan Village[110]. Shareholder Information - The total number of unrestricted shares is 1,568,000,000, representing 100% of the total shares[148]. - The largest shareholder, Luzhou Chemical Group Co., Ltd., holds 211,458,993 shares, accounting for 13.49% of total shares[152]. - The company has not faced any significant litigation or arbitration matters during the reporting period[123]. - The financial report for the first half of 2021 has not been audited[167].

Financial Performance - The company's operating revenue for Q1 2021 was CNY 1,131,373,601.50, a decrease of 17.41% compared to the same period last year[9]. - Net profit attributable to shareholders was CNY 50,679,733.13, representing an increase of 45.36% year-on-year[9]. - Basic earnings per share increased by 50.00% to CNY 0.03 per share[9]. - Total operating revenue for the current period is CNY 1,131,373,601.50, a decrease of 17.4% compared to CNY 1,369,814,489.42 in the previous period[54]. - Net profit for the current period is CNY 50,044,729.40, an increase of 46.1% compared to CNY 34,238,882.73 in the previous period[60]. - The total comprehensive income for the current period is CNY 50,536,885.91, compared to CNY 30,228,009.92 in the previous period, reflecting a growth of 67.5%[63]. - The company reported a net loss of ¥2,352,414,499.81 in retained earnings, slightly improved from a loss of ¥2,403,094,232.94[45]. - The total comprehensive income for the current period is -20,380,485.39, compared to 19,224,582.21 in the previous period, reflecting a substantial decrease[70]. Cash Flow - The net cash flow from operating activities decreased by 42.63% to CNY 74,978,854.56 compared to the previous year[9]. - Cash flow from operating activities generated a net cash inflow of 74,978,854.56, down from 130,701,751.03 in the previous period[71]. - Cash received from sales of goods and services was 894,273,132.51, compared to 1,160,993,337.36 in the previous period, showing a decrease of approximately 23%[71]. - The net cash flow from operating activities for the current period is ¥98,669,992.09, a significant increase from ¥28,577,216.43 in the previous period, representing a growth of approximately 245%[78]. - Cash inflow from operating activities totaled ¥533,816,526.63, compared to ¥471,664,589.87 in the previous period, indicating an increase of about 13.2%[78]. - The net cash flow from investing activities was -¥429,962,242.66, worsening from -¥89,611,343.19 in the previous period[81]. - The net cash flow from financing activities was -¥100,000,000.00, compared to a positive net flow of ¥29,869,625.01 in the previous period[81]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,127,199,193.96, up 3.51% from the end of the previous year[9]. - Total current assets increased to ¥3,206,745,286.57 from ¥2,887,777,061.46, indicating strong liquidity[36]. - Total liabilities amount to CNY 603,393,188.47, an increase of 11.9% from CNY 539,415,627.75 in the previous period[52]. - The company's total liabilities increased to ¥2,659,048,520.51 from ¥2,436,266,345.35, marking a growth of around 9.2%[42]. - Non-current liabilities totaled ¥885,626,976.30, a decrease from ¥929,596,645.30, reflecting a reduction of about 4.7%[42]. - Current liabilities rose to ¥1,773,421,544.21, compared to ¥1,506,669,700.05, indicating an increase of approximately 17.7%[42]. - The total equity attributable to shareholders reached ¥5,471,759,934.09, up from ¥5,418,326,614.84, which is an increase of about 1%[45]. Research and Development - R&D expenses surged by 787.86% to ¥4,200,395.69 reflecting the company's increased investment in research[19]. - Research and development expenses for the current period are CNY 4,200,395.69, significantly higher than CNY 473,090.52 in the previous period[57]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,690[12]. - The largest shareholder, Luzhou Chemical Group Co., Ltd., held 13.49% of the shares[12]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[15].