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].

Financial Performance - The company's operating revenue for 2020 was ¥5,617,952,971.24, representing a 2.01% increase from ¥5,507,203,828.32 in 2019[36]. - The net profit attributable to shareholders for 2020 was ¥380,852,118.13, a significant increase of 34.45% compared to ¥283,267,954.92 in 2019[36]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥297,667,894.16, up 15.33% from ¥258,093,246.03 in the previous year[36]. - The net cash flow from operating activities reached ¥483,093,543.51, marking a substantial increase of 158.13% from ¥187,151,396.35 in 2019[36]. - Basic earnings per share for 2020 were ¥0.24, reflecting a 33.33% increase from ¥0.18 in 2019[36]. - Diluted earnings per share increased to CNY 0.24, up 33.33% from CNY 0.18 in the previous year[39]. - Weighted average return on equity rose to 7.28%, an increase of 1.50% compared to 5.78% last year[39]. - Total assets reached CNY 7,851,610,735.05, reflecting a 15.78% increase from CNY 6,781,771,770.90 at the end of the previous year[39]. - Net assets attributable to shareholders increased to CNY 5,418,326,614.84, a growth of 7.34% from CNY 5,047,806,637.02[39]. Revenue Breakdown - The revenue from fertilizer products was ¥2,373,410,063.97, accounting for 42.25% of total revenue, which decreased by 1.83% from ¥2,417,595,341.47 in 2019[80]. - The revenue from chemical products was ¥1,355,279,234.31, which represented 24.12% of total revenue, showing a significant decline of 22.95% from ¥1,759,046,322.03 in 2019[80]. - The trade business revenue increased by 43.97% to ¥1,746,844,080.23, making up 31.09% of total revenue, compared to ¥1,213,309,432.28 in 2019[80]. - Domestic sales accounted for 89.59% of total revenue at ¥5,033,052,399.35, which decreased by 8.00% from ¥5,470,441,608.67 in 2019[83]. - International sales surged by 1491.04% to ¥584,900,571.89, up from ¥36,762,219.65 in 2019, representing 10.41% of total revenue[83]. Investment and R&D - The company has invested in R&D for new high-end specialty chemicals and is collaborating with top universities and research institutions for technological advancements[78]. - Research and development expenses increased significantly to 27,149,801.99 yuan, a rise of 865.52% compared to the previous year[95]. - R&D investment amounted to ¥62,062,625.74, a decrease of 12.01% compared to the previous year[100]. - R&D investment as a percentage of operating revenue was 1.10%, down from 1.28%, a decline of 0.18%[100]. - The company is actively developing new products such as chelated potassium zinc boron and magnesium zinc boron, with initial results achieved[96]. Strategic Focus and Future Plans - The company is focusing on expanding its core business in fertilizer production and basic chemical manufacturing[34]. - Future development strategies and potential challenges for 2021 have been outlined in the report[6]. - The company aims to enhance its market position through refined management practices and product innovation, targeting improved operational efficiency and market expansion[55]. - The company plans to focus on new agricultural, environmental, and material industries during the "14th Five-Year Plan" period, aiming for diversification and maximizing benefits[117]. - The company aims to reduce single fertilizers and significantly develop new types of urea and compound fertilizers, expanding the polycarbonate industry chain[119]. Safety and Compliance - The company emphasizes safety and environmental protection, implementing a comprehensive safety production responsibility system and aiming for zero safety and environmental accidents[121]. - The company has implemented a dual prevention mechanism for safety management, recognized as a "National Pilot Enterprise" for safety risk management by the Ministry of Emergency Management[72]. - The company completed rectifications for safety violations by December 31, 2020, enhancing operational compliance[172]. - The company has established a monitoring system for safety and environmental protection, ensuring compliance with public oversight[190]. Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company will not distribute profits or increase capital reserves in 2020 due to existing unabsorbed losses, despite achieving a net profit of approximately CNY 380.85 million[146][148]. - The company did not distribute any cash dividends in 2020, 2019, or 2018, with total cash dividends amounting to 0.00 in each year[149]. - The company has committed to compensate shareholders if net profits fall below 310 million, 340 million, or 350 million yuan for the years 2018, 2019, and 2020 respectively[150]. Environmental Impact - The company operates as a key pollutant discharge unit, with a total annual discharge of 30.13 tons of chemical oxygen demand[200]. - The company has a nitrogen oxide discharge of 72.51 tons per year, well within the regulatory limits[200]. - The company has reported a total annual discharge of 137.12 tons of sulfur dioxide, also compliant with standards[200]. - The company has established two continuous discharge points for chemical oxygen demand and ammonia nitrogen, ensuring adherence to environmental regulations[200]. Community Engagement and Support - The company has made donations to support poverty alleviation, including CNY 5,000,000 worth of fertilizer and CNY 17,850 worth of rice and oil[191]. - The company has dispatched personnel to assist in poverty alleviation efforts in specific villages, contributing to infrastructure improvements and agricultural development[191]. - The company has committed to ongoing support for rural revitalization and poverty alleviation initiatives following the end of the poverty alleviation campaign[190]. - A total of 20 individuals from registered impoverished households have achieved employment through the company's initiatives[195]. - The company has assisted 5 registered impoverished individuals in escaping poverty through its development projects[195].