广东东方锆业科技股份有限公司 证券代码：002167 证券简称：东方锆业 广东东方锆业科技股份有限公司 投资者关系活动记录表 编号：20220922 | --- | --- | --- | |-------------------------|------------------------------------------------------------|------------------------------------------------------| | | | | | | □特定对象调研 | 分析师会议 | | 投资者关系 | □媒体采访 □业绩说明会 □新闻发布会 □路演活动 | | | 活动类别 | □现场参观 | | | | 其他 （广东辖区上市公司 活动） | 2022 年投资者网上集体接待日 | | 参与单位名称 及人员姓名 | 线上投资者 | | | | | | | 时间 | 2022 年 9 月 22 日（周四） | 15:50-16:50 | | 地点 | | 公 司 通 过 全 景 网 " 投 资 者 关 系 互 动 平 台 " | | | （ https://rs. ...

广东东方锆业科技股份有限公司 证券代码：002167 证券简称：东方锆业 投资者来访记录表 编号：20221027 | --- | --- | --- | |------------------|-------------------------------------------------|-----------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动类 | 特定对象调研 | 分析师会议 | | 别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 □路演活动 | | | | 现场参观 | | | | 其他 （电话会议） | | | 参与单位名称及人 | 中金公司：颜平、高亦安、徐涵颖 | | | 员姓名 | 一犁基金：李阳 | | | | 长江证券：冯源 | | | | 鹏扬基金：李伟峰 | | | | 中泰证券：戚友石 | | | | | | | 时间 地点 | 2022 年 10 月 25 ...

Financial Performance - Revenue for Q3 2022 was CNY 298,588,547.83, a decrease of 27.11% compared to the same period last year[4] - Net profit attributable to shareholders was CNY 8,331,707.03, down 86.96% year-on-year[4] - Basic earnings per share for Q3 2022 was CNY 0.0115, reflecting an 87.25% decline compared to the previous year[4] - Total operating revenue for the current period reached ¥1,018,843,607.97, an increase of 2.9% compared to ¥990,433,311.23 in the previous period[19] - Net profit for the current period was ¥125,007,948.78, up 2.4% from ¥122,060,819.48 in the previous period[20] - Operating profit increased to ¥141,284,859.92, compared to ¥133,704,100.30 in the previous period, marking a growth of 5.9%[20] - Basic and diluted earnings per share were both ¥0.1783, slightly up from ¥0.1743 in the previous period[20] - Other comprehensive income after tax amounted to ¥275,458.35, recovering from a loss of ¥11,441,015.80 in the previous period[20] Assets and Liabilities - Total assets increased to CNY 2,684,540,586.48, representing a growth of 27.12% from the end of the previous year[4] - The company's total current assets increased to CNY 1,096,439,432.64 from CNY 723,018,838.47, representing a growth of approximately 51.7%[16] - The total liabilities increased to CNY 1,263,366,083.92 from CNY 890,562,224.43, reflecting a rise of about 42%[17] - The total assets reached CNY 2,684,540,586.48, up from CNY 2,111,739,789.80, indicating an increase of approximately 27%[18] - The total equity attributable to the parent company increased to CNY 1,472,414,353.08 from CNY 1,269,207,026.61, reflecting a growth of approximately 15.9%[18] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 93,353,207.43, down 78.65% year-on-year[11] - Cash flow from operating activities generated ¥93,353,207.43, a decrease of 78.7% from ¥437,149,370.72 in the previous period[21] - Cash flow from investing activities showed a net outflow of ¥201,571,572.01, compared to a net inflow of ¥71,885,076.59 in the previous period[21] - Cash flow from financing activities resulted in a net inflow of ¥146,831,654.83, contrasting with a net outflow of ¥486,485,363.84 in the previous period[22] - The ending balance of cash and cash equivalents increased to ¥94,064,328.30 from ¥37,872,562.81, reflecting a significant improvement[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 64,840[13] - Longbai Group Co., Ltd. holds 182,210,818 shares, accounting for 23.51% of total shares[13] Operational Changes - The company reported a significant increase in construction in progress, which rose by 523.97% to CNY 273,942,050.56[8] - Short-term borrowings increased by 57.46% to CNY 422,000,000.00, attributed to new bank loans[8] - Contract liabilities surged by 464.71% to CNY 237,586,346.87, indicating a rise in advance payments received[8] - Management expenses for the year-to-date reached CNY 81,735,878.71, a 31.07% increase due to higher personnel and intermediary costs[9] Inventory and Receivables - The accounts receivable increased to CNY 139,304,267.00 from CNY 98,275,034.27, which is an increase of approximately 41.8%[16] - The inventory level rose to CNY 501,012,299.45 from CNY 420,196,014.18, showing an increase of about 19.3%[16] Audit and Governance - The third quarter report has not been audited[23] - The board of directors of Guangdong Dongfang Zirconium Industry Technology Co., Ltd. held a meeting on October 18, 2022[24]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 720,255,060.14, representing a 24.02% increase compared to CNY 580,773,061.79 in the same period last year[22]. - Net profit attributable to shareholders reached CNY 119,903,963.47, a significant increase of 102.82% from CNY 59,118,747.28 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was CNY 115,678,380.04, up 305.56% from CNY 28,522,880.95 in the previous year[22]. - Basic earnings per share increased by 100.12% to CNY 0.1675 from CNY 0.0837 in the same period last year[22]. - The total profit for the first half of 2022 was 133 million yuan, up 110.90% compared to the same period last year[47]. - The company reported a total comprehensive income of CNY 119.05 million for the first half of 2022, compared to CNY 53.28 million in the same period of 2021, an increase of 123.0%[186]. - The company's operating cash flow for the first half of 2022 was ¥119,351,144.48, a decrease of 67.8% compared to ¥371,580,247.56 in the same period of 2021[190]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,443,424,842.96, reflecting a 15.71% increase from CNY 2,111,739,789.80 at the end of the previous year[22]. - The net assets attributable to shareholders increased by 14.92% to CNY 1,458,581,258.38 from CNY 1,269,207,026.61 at the end of the previous year[22]. - Current liabilities totaled CNY 960,351,153.74, up from CNY 807,265,618.03, indicating a rise of 18.9%[179]. - The company's total liabilities reached CNY 1,033,408,877.17, compared to CNY 890,562,224.43, reflecting an increase of 16.0%[179]. - The total owner's equity attributable to the parent company was 1,051,522.14 million, with a decrease of 48,308.00 million compared to the last year[199]. Market and Industry Insights - The global and domestic zircon industry faced supply shortages and price increases due to low capital investment and declining ore grades, maintaining a high price level for zircon sand[30]. - The demand for zircon products is expected to grow significantly due to advancements in new materials and applications in various industries, including aerospace and electronics[32]. - The zircon industry is projected to maintain high prosperity due to stable demand in traditional applications and expanding new applications[30]. - The company aims to expand its market share in ternary battery cathode materials and explore other zircon product development directions in the new energy sector[35]. - The company has established stable partnerships with leading battery manufacturers, indicating strong customer loyalty and recognition[34]. Research and Development - Research and development expenses increased by 63.53% to ¥34,345,964.90, attributed to the R&D investments following the acquisition of Wiener Company[62]. - The company has developed over 16 invention patents and 46 utility model patents, with new products including high-purity ultra-fine zirconium dioxide and high-performance composite zirconium[56]. - The company is actively involved in the development of new applications for zirconia, including high-temperature sensors and solid oxide fuel cells[36]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[200]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[95]. - The company has implemented a comprehensive air pollution control system, including electrostatic dust removal and purification towers, to ensure compliance with emission standards[100]. - The company has committed to reducing emissions by 20% by 2023[97]. - The company has established a dedicated team for daily inspections and maintenance of pollution control facilities, ensuring compliance with environmental regulations[101]. Strategic Plans and Future Outlook - The company plans to establish a new project with an annual production capacity of 60,000 tons of high-purity ultra-fine zirconium silicate and a 30,000-ton electric melting zirconia project[48]. - The company plans to issue up to 232,540,200 A-shares, raising no more than 700 million yuan to support capacity expansion and business development[49]. - The company expects a revenue growth forecast of 10% for the second half of 2022, driven by new product launches and market expansion strategies[97]. - The company aims to enhance its market competitiveness through quality improvement and structural adjustments[82]. Shareholder and Governance - The company has not engaged in significant equity or securities investments during the reporting period[75][76]. - Longbai Group holds 97,210,818 shares of the company, with a commitment to not transfer these shares within 18 months of acquisition[127]. - The company has not reported any significant related party transactions that exceed the approved limits, ensuring compliance with regulations[133]. - The company has strengthened its internal control management and investor relations, ensuring transparency and protection of shareholder rights[117].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 368,580,623.62, representing a 43.99% increase compared to CNY 255,971,159.23 in the same period last year[3] - Net profit attributable to shareholders reached CNY 60,068,876.00, a significant increase of 3,775.91% from CNY 1,549,798.90 in the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 56,631,297.94, up 3,932.57% from CNY 1,404,346.63 year-on-year[3] - Total operating revenue for the current period reached ¥368,580,623.62, a significant increase of 43.9% compared to ¥255,971,159.23 in the previous period[17] - Net profit for the current period was ¥59,851,421.98, compared to ¥1,072,426.24 in the previous period, indicating a substantial increase[18] - The company reported a total profit of ¥67,128,575.92, significantly higher than ¥1,229,300.35 in the previous period[18] Assets and Liabilities - The company's total assets increased by 10.42% to CNY 2,331,761,841.40 from CNY 2,111,739,789.80 at the end of the previous year[3] - Total assets increased to ¥2,331,761,841.40 from ¥2,111,739,789.80, reflecting a growth of 10.4%[15] - Total liabilities rose to ¥1,018,946,364.00 from ¥890,562,224.43, an increase of 14.4%[15] - The company's equity attributable to shareholders increased to ¥1,361,207,272.90 from ¥1,269,207,026.61, a growth of 7.2%[15] Cash Flow - Cash flow from operating activities was CNY 117,755,547.38, a decrease of 15.30% compared to CNY 139,025,998.16 in the previous year[3] - Cash flow from operating activities generated a net amount of ¥117,755,547.38, down from ¥139,025,998.16 in the previous period[22] - The company's cash and cash equivalents increased to ¥255,849,377.90 from ¥137,080,001.50 at the beginning of the year, representing an increase of 86.5%[13] - Cash and cash equivalents at the end of the period totaled ¥149,785,586.07, compared to ¥18,092,559.74 at the end of the previous period, showing a strong liquidity position[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 64,910[10] - The largest shareholder, Longbai Group Co., Ltd., holds 23.51% of shares, totaling 182,210,818 shares[10] Expenses - Research and development expenses increased by 73.60% to CNY 1,588,000.00, reflecting the company's commitment to enhancing its R&D efforts[8] - The company experienced a 268.35% increase in sales expenses, totaling CNY 176,000.00, attributed to growth in sales activities[8] - Total operating costs amounted to ¥303,903,231.73, up from ¥255,229,650.41, reflecting a rise of 19.0%[17] Profitability Metrics - The weighted average return on equity rose to 4.61%, up from 0.14% in the same period last year, an increase of 4.47 percentage points[3] - Basic and diluted earnings per share increased to ¥0.0851 from ¥0.0022, reflecting improved profitability[19] - The gross profit margin improved, with operating profit rising to ¥67,081,003.24 from ¥1,281,790.87, marking a significant turnaround[17] - Other comprehensive income after tax was ¥4,788,415.03, compared to a loss of ¥552,873.14 in the previous period, indicating a positive shift[18] Audit Status - The company has not undergone an audit for the first quarter report[23]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2021 was CNY 1,286,303,349.25, representing a 67.53% increase compared to CNY 767,802,628.75 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 150,510,831.72, a significant turnaround from a loss of CNY 160,833,294.80 in 2020, marking a 193.58% improvement[21]. - The total profit for 2021 was 160 million yuan, up 204.63% compared to the previous year[43]. - The company reported a total revenue of ¥1,286,303,349.25 in 2021, representing a 67.53% increase from ¥767,802,628.75 in 2020[58]. - The company reported a total revenue of 1.5 billion RMB for the year 2021, representing a year-over-year increase of 15%[151]. - The company reported a net profit margin of 12% for 2021, an increase from 10% in 2020[151]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in sales in that region by 2023[19]. - The company aims to achieve a revenue growth target of 10% for 2022, driven by new product launches and market expansion strategies[19]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[119]. - The company plans to launch its second mineral project, the Atlas project, in 2022, with proven reserves of 9.5 million tons and a heavy mineral content of 8.1%[53]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for this purpose[151]. Research and Development - Research and development expenses increased by 25% to 150 million RMB, focusing on new zirconium products and technologies[19]. - The company has invested in technology research and development, with 176 R&D personnel and 16 invention patents, aiming for high-quality future development[52]. - R&D investment rose significantly by 89.96% from ¥29,756,141.29 in 2020 to ¥56,525,741.04 in 2021, representing 4.39% of operating revenue[73]. - The company is focusing on developing high-end zirconium products to meet the evolving demands of the battery industry, particularly in lithium manganese oxide batteries[70]. Production Capacity and Operations - The company has completed the acquisition of a zirconium processing facility, which is expected to enhance production capacity by 15%[19]. - The company plans to expand its production capacity for electric fused zircon by 30,000 tons and for zircon silicate by 60,000 tons[94]. - The company achieved an annual production capacity of 2,700 tons of composite zirconia, with the expansion project passing environmental protection expert acceptance in April 2021[157]. - The company has established six independent large-scale production bases, including locations in Guangdong and Australia, to enhance its production capabilities[51]. Financial Stability and Investments - The company's debt ratio decreased from 54.51% in 2020 to 42.17% in 2021, indicating improved financial stability[46]. - The net cash flow from operating activities reached CNY 196,088,165.53, a remarkable increase of 562.68% from CNY 29,590,236.62 in 2020[21]. - The company has a total resource volume of 165,000 tons for the WIM150 project, with a heavy mineral content of 3.7% and a 20% ownership stake[92]. - The company is committed to optimizing production processes to reduce costs and improve market share and profitability[93]. Environmental Compliance and Sustainability - The company is classified as a key pollutant discharge unit, with specific emissions standards for various pollutants including ammonia and particulate matter[148]. - The company has established a compliance framework for environmental standards, ensuring adherence to national regulations on pollutant emissions[149]. - The company has implemented a comprehensive wastewater treatment process, including neutralization, sedimentation, and online monitoring to ensure compliance with discharge standards[154]. - The company emphasizes the importance of environmental impact assessments for all new projects, ensuring that they align with national environmental laws and regulations[156]. Corporate Governance and Internal Control - The company has established a robust internal control system that covers major aspects of business management, ensuring effective execution without significant omissions[137]. - The company has implemented a labor contract system and adheres to national labor laws, ensuring social security and medical benefits for employees[171]. - The company has established a risk assessment mechanism to evaluate risks and determine response strategies, ensuring risks are manageable[137]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finances, ensuring no conflicts of interest[104]. Employee Relations and Incentives - Employee stock incentives were granted to 406 individuals at a price of 2.93 CNY/share, enhancing employee cohesion and retention[49]. - The company has a training plan that includes new employee orientation and various skill enhancement programs to improve employee competencies[131]. - The company has maintained a stable workforce, with no reported dismissals or resignations among key management during the reporting period[109]. Investor Relations - The company is enhancing its investor relations through various communication channels to improve transparency and information dissemination[103]. - The first extraordinary general meeting in 2021 had an investor participation rate of 36.67%[105]. - The board held a total of 12 meetings during the reporting period, with all directors present[122].

Financial Performance - The company's revenue for Q3 2021 reached ¥409,660,249.44, an increase of 65.54% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥63,901,012.41, a significant increase of 3,358.40% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥63,992,048.04, up 1,976.51% from the previous year[3]. - Basic earnings per share for Q3 2021 were ¥0.0902, representing a 2,906.67% increase year-on-year[3]. - The company achieved a year-to-date revenue of ¥990,433,311.23, up 92.03% compared to the same period last year, driven by increased sales volume and product price rises[9]. - The company’s net profit for the year-to-date was ¥123,019,759.69, a remarkable increase of 369.72% year-on-year, attributed to improved product competitiveness and reduced financial costs[9]. - Total operating revenue for the current period reached ¥990,433,311.23, a significant increase of 92.1% compared to ¥515,763,220.34 in the previous period[17]. - Net profit for the current period was ¥122,060,819.48, a turnaround from a net loss of ¥41,911,557.49 in the previous period[19]. - Basic and diluted earnings per share increased to ¥0.1743, compared to a loss of ¥0.0700 per share in the same period last year[19]. Cash Flow and Investments - The operating cash flow net amount for the year-to-date was ¥437,149,370.72, reflecting a 293.53% increase[3]. - Cash flow from operating activities generated a net amount of ¥437,149,370.72, compared to ¥111,084,485.21 in the previous period[22]. - The net cash inflow from investment activities was CNY 71,885,076.59, compared to CNY 17,179,152.34 in the previous year, indicating a significant increase[23]. - The cash inflow from the disposal of subsidiaries and other operating units was CNY 163,589,450.19, contributing to the overall cash flow[23]. - The company reported a significant increase in cash inflow from other financing activities, totaling CNY 103,000,000.00 compared to CNY 592,594,666.64 in the previous year[23]. Assets and Liabilities - The company reported a total asset value of ¥2,037,516,775.34, a decrease of 11.86% from the end of the previous year[3]. - Total assets as of September 30, 2021, amounted to CNY 2,037,516,775.34, a decrease from CNY 2,311,563,368.38 at the end of 2020, representing a decline of approximately 11.8%[14]. - Current assets totaled CNY 681,017,912.29, down from CNY 755,750,804.42, indicating a decrease of about 9.8%[13]. - Total liabilities decreased to CNY 857,344,603.36 from CNY 1,260,041,221.74, a decline of about 31.9%[15]. - The company reported a total liability of CNY 1,260,041,221.74, which increased to CNY 1,298,899,791.84, representing a rise of about 3.1%[28]. - Total equity attributable to shareholders increased to CNY 1,229,056,262.28 from CNY 1,099,830,154.04, an increase of about 11.8%[15]. - The total equity attributable to shareholders was CNY 1,099,830,154.04, remaining unchanged from the previous year[28]. Research and Development - Research and development expenses increased to ¥40,242,949.34, a rise of 171.99% due to increased investment in new product development[9]. - Research and development expenses rose to ¥40,242,949.34, up 171.5% from ¥14,796,006.14 in the prior period, indicating a strong focus on innovation[18]. Other Financial Metrics - The company reported a significant increase in investment income to ¥46,435,347.78, up 51.40% due to the disposal of a subsidiary[9]. - Investment income for the current period was ¥46,435,347.78, an increase from ¥30,670,560.13 in the previous period[18]. - The company recorded a tax expense of ¥10,458,251.23, compared to ¥1,386,185.69 in the previous period, indicating increased profitability[18]. - The company reported a total comprehensive income of ¥110,619,803.68, compared to a loss of ¥43,830,432.89 in the previous period[19]. - Sales expenses decreased to ¥4,712,976.70 from ¥6,464,419.30, reflecting improved cost management[18]. Audit and Compliance - The company did not undergo an audit for the third-quarter report, which may affect the reliability of the financial data presented[29]. - The company executed a new leasing standard starting January 1, 2021, which resulted in adjustments to the financial statements[24].

Financial Performance - The company's operating revenue for the first half of 2021 was RMB 580,773,061.79, representing a 116.47% increase compared to RMB 268,298,008.81 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached RMB 59,118,747.28, a significant turnaround from a loss of RMB 47,457,938.60 in the previous year, marking a 224.57% increase[23]. - The net cash flow from operating activities was RMB 371,580,247.56, a remarkable increase of 3,136.88% compared to RMB 11,479,564.14 in the same period last year[23]. - Basic earnings per share improved to RMB 0.0837, compared to a loss of RMB 0.0800 per share in the previous year, reflecting a 204.63% increase[23]. - The total profit for the first half of 2021 was 63 million yuan, up 237.99% compared to the same period last year[44]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching RMB 28,522,880.95, compared to a loss of RMB 44,447,755.91 in the previous year, representing a 164.17% increase[23]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 1,927,007,842.16, a decrease of 16.64% from RMB 2,311,563,368.38 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company increased by 5.80% to RMB 1,163,574,247.53 from RMB 1,099,830,154.04 at the end of the previous year[23]. - Cash and cash equivalents decreased to ¥43,985,671.00, down 4.56% from the previous year, primarily due to increased payments for goods[69]. - Accounts receivable increased to ¥124,321,273.00, representing 6.45% of total assets, up from 4.30% the previous year[69]. - Inventory stood at ¥355,182,851.00, which is 18.43% of total assets, showing a slight decrease from 16.51%[69]. - Short-term borrowings were reduced to ¥189,800,000.00, down from ¥675,000,000.00, reflecting a repayment of bank loans[69]. Market and Industry Insights - The company operates six production bases in China and Australia, producing over 100 varieties of zirconium products, making it one of the most competitive enterprises in the zircon industry[31]. - Zircon sand prices have shown a V-shaped rebound trend, currently at approximately 17,000 RMB per ton, with expectations for further price increases as the industry recovers[39]. - The demand for zircon products is significantly influenced by the construction and ceramics industries, which have experienced a slowdown due to economic adjustments[41]. - The zircon industry is cyclical, with demand increasing during economic upturns and decreasing during downturns, affecting both upstream zircon resources and midstream zircon products[40]. - The company’s main products include zircon sand, titanium concentrate, rare earth minerals, and various zirconium compounds, catering to diverse industrial applications[39]. Research and Development - Research and development expenses surged by 167.60% to ¥21,003,336.24, reflecting the company's commitment to enhancing product competitiveness through high-value product development[61]. - The company has achieved international advanced levels in its production processes for high-purity zirconium dioxide and zirconium ceramic products[40]. - The company plans to invest 500 million yuan in new technology research and development over the next two years[199]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[95]. - The company has implemented measures to monitor and control emissions, ensuring compliance with environmental standards[95]. - The company reported a total emission of 2.626 tons for smoke and 24.581 tons for sulfur dioxide, with no exceedance of the set limits[95]. - The company has established online monitoring systems for emissions, connected to local and national environmental platforms for real-time oversight[111]. - The company is committed to adhering to the latest environmental regulations and standards to enhance sustainability practices[95][96]. Strategic Initiatives - The company plans to establish a new project with an annual production capacity of 60,000 tons of high-purity ultra-fine zirconium silicate and 30,000 tons of electric melting zirconium[46]. - The company aims for a revenue target of over 4 billion yuan during the "14th Five-Year Plan" period[45]. - The company is actively monitoring the impact of the COVID-19 pandemic on its financial status and operational results[84]. - The company plans to introduce strategic shareholders through private placements to optimize its asset and debt structure and enhance sustainable development capabilities[85]. Shareholder and Governance - The company granted 65.453 million restricted stock units to 406 employees at a price of 2.93 yuan per share to enhance employee engagement and retention[52]. - Longbai Group holds 97,210,818 shares of Guangdong Dongfang Zirconium Industry Technology Co., Ltd., with a commitment not to transfer these shares within 12 months after the transaction[117]. - The company has committed to resolving competitive issues with its controlling shareholder, Longbai Group, within 36 months, ensuring compliance with regulatory requirements[115]. Future Outlook - The company provided a future outlook projecting a revenue growth of 10% for the second half of 2021, driven by new product launches and market expansion[97]. - Future outlook indicates a focus on expanding market presence and enhancing product development, aiming for a 30% increase in market share by the end of 2022[199]. - The management highlighted ongoing efforts in mergers and acquisitions to strengthen competitive positioning in the market[199].

Financial Performance - The company's revenue for Q1 2021 was ¥255,971,159.23, representing a 62.15% increase compared to ¥157,859,672.24 in the same period last year[8] - Net profit attributable to shareholders was ¥1,549,798.90, a significant turnaround from a loss of ¥45,010,662.02 in the previous year, marking a 103.44% improvement[8] - Basic earnings per share improved to ¥0.0022 from a loss of ¥0.0700, reflecting a 103.14% increase[8] - Operating revenue increased by 98.11 million yuan, a growth of 62.15%, primarily due to an increase in sales volume during the reporting period[16] - Net profit attributable to shareholders of the parent company increased by 103.44% compared to the same period last year, driven by sustained growth in sales of main products and the commencement of new business projects[17] - The total comprehensive income for the quarter was CNY 519,553.10, a recovery from a loss of CNY 48,950,491.18 in the same period last year[44] Cash Flow - The net cash flow from operating activities reached ¥139,025,998.16, a remarkable increase of 528.90% from a negative cash flow of ¥32,414,451.95 in the same period last year[8] - The net cash flow from operating activities was 139.03 million yuan, an increase of 528.90% compared to the same period last year, mainly due to increased sales collections and reduced margin for letter of credit settlements[17] - The company achieved a cash inflow from operating activities of CNY 279,699,864.79, up from CNY 185,344,013.21 in the previous period, representing an increase of approximately 50.8%[50] - The net cash flow from operating activities for the first quarter was CNY 166,720,435.31, a significant increase compared to CNY 1,037,755.84 in the same period last year[54] - Total cash inflow from operating activities reached CNY 663,794,630.27, up from CNY 151,605,421.20 year-on-year[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,207,298,514.92, a decrease of 4.51% from ¥2,311,563,368.38 at the end of the previous year[8] - The total liabilities decreased to CNY 1,153,453,792.96 from CNY 1,260,041,221.74, reflecting a reduction in financial obligations[35] - The company's equity attributable to shareholders increased to CNY 1,102,611,687.62 from CNY 1,099,830,154.04, showing a slight growth in shareholder value[36] - The total current liabilities increased from CNY 1,070,174,455.24 to CNY 1,251,542,555.42, reflecting a significant rise in short-term obligations[61] Shareholder Information - The company reported a total of 48,888 common shareholders at the end of the reporting period[12] - The largest shareholder, Longmang Baililian Group Co., Ltd., held 23.62% of the shares, totaling 182,210,818 shares[12] Research and Development - Research and development expenses increased by 6.73 million yuan, a growth of 274.72%, reflecting increased investment in R&D during the reporting period[16] - Research and development expenses increased to CNY 9,180,354.26 from CNY 2,449,932.69, reflecting a growth of approximately 274.5%[46] Financial Management - Financial expenses decreased by 36.62 million yuan, a reduction of 79.87%, primarily due to the repayment of bank loans and the impact of exchange gains and losses[16] - Financial expenses decreased to CNY 9,231,724.43 from CNY 45,851,212.43, showing a reduction of about 80%[46] Other Financial Metrics - Investment income decreased by 3.27 million yuan, a reduction of 87.50%, due to changes in profits from associated enterprises during the reporting period[16] - The company recorded investment income of CNY 467,645.39, down from CNY 3,742,411.85 in the previous year, indicating a decline of approximately 87.5%[43] Commitments and Compliance - The company has made commitments to avoid interference in its production and operational activities[21] - The company has committed to returning all benefits obtained from the incentive plan if any false disclosures are confirmed[21] - The company reported no derivative investments during the reporting period[25] - There were no violations of external guarantees during the reporting period[27] - The company did not engage in any entrusted wealth management during the reporting period[29] - There were no significant contracts in daily operations reported during the period[26] Cash and Cash Equivalents - Cash and cash equivalents decreased by 115.63 million yuan, a reduction of 73.10%, mainly due to the purchase of raw materials and the maturity of acceptance bills and international letters of credit[16] - As of March 31, 2021, the company's cash and cash equivalents decreased to ¥42,548,905 from ¥158,174,894 as of December 31, 2020, representing a decline of approximately 73%[33] - The ending balance of cash and cash equivalents was CNY 14,769,357.48, compared to CNY 9,889,814.38 at the end of the same quarter last year[55] Audit and Reporting - The company has not undergone an audit for the first quarter report, indicating that the figures are unaudited[62]

Financial Performance - The company's operating revenue for 2020 was CNY 767,802,628.75, representing a 62.80% increase compared to CNY 471,620,283.32 in 2019[19]. - The net profit attributable to shareholders was a loss of CNY 160,833,294.80, an improvement from a loss of CNY 205,786,773.47 in the previous year[19]. - The net cash flow from operating activities decreased by 32.91% to CNY 29,590,236.62 from CNY 44,103,310.94 in 2019[19]. - The company's total assets increased by 4.14% to CNY 2,311,563,368.38 at the end of 2020, compared to CNY 2,219,626,103.24 at the end of 2019[19]. - The net assets attributable to shareholders rose by 29.31% to CNY 1,099,830,154.04 from CNY 850,555,446.75 in 2019[19]. - The total operating revenue for 2020 was ¥767,802,628.75, representing a year-on-year increase of 62.80% compared to ¥471,620,283.32 in 2019[55]. - The zircon industry accounted for 100% of the total operating revenue, with significant contributions from heavy minerals (29.56%) and zirconium oxide (20.67%)[55]. - Domestic sales reached ¥675,934,889.75, making up 88.03% of total revenue, while international sales were ¥91,867,739.00, accounting for 11.97%[56]. - The gross profit margin for the zircon industry was 10.74%, a decrease of 10.05% from the previous year[58]. - The company reported a total revenue of 46,671,550 with a net loss of 9,975,035 for the year[91]. Shareholder Structure - As of December 25, 2020, Longmang Baili Group Co., Ltd. holds 182,210,818 shares, accounting for 25.81% of the company's total share capital, becoming the controlling shareholder[17]. - The company reported significant changes in its major shareholder structure, with the largest shareholder changing from China National Nuclear Corporation to Longmang Baili Group[17]. - The largest shareholder, Longmang Bailian Group Co., Ltd., holds 97,210,818 shares, representing 25.81% of total shares[188]. - The second-largest shareholder, Chen Chaotian, owns 16,725,000 shares, accounting for 9.54% of total shares[188]. - The actual controller of the company, Xu Gang, is also the chairman and has been the controlling shareholder since December 25, 2020[191]. - The total number of common shareholders increased to 51,351 from 48,888 in the previous month, reflecting a growth of approximately 5.03%[187]. - The company reported no changes in the status of major shareholders regarding pledged or frozen shares during the reporting period[188]. - The company does not have any preferred shares or convertible bonds outstanding during the reporting period[195][198]. Business Expansion and Strategy - In 2020, the company expanded its business scope by leasing heavy mineral separation plants, adding titanium and mineral product processing and sales[17]. - The company expanded its business scope by leasing a mineral separation plant to enhance its zircon industry chain[29]. - The company established two new subsidiaries, focusing on expanding its production capacity and improving competitiveness[30]. - The company adjusted its sales strategy to actively explore overseas markets during the pandemic, which helped stabilize overall sales performance despite domestic market challenges[48]. - The company plans to continue expanding its market presence and product lines to drive future growth[63]. - The company aims to enhance its market share in the global cathode material additive market for new energy batteries, leveraging its existing advantages[98]. - The company plans to enhance cash flow risk monitoring and budget management to improve financial stability[105]. - The company is focused on optimizing production processes to reduce costs and improve market competitiveness[97]. Risk Management - The company emphasizes the importance of risk factors in its future development, as detailed in the operational discussion and analysis section[5]. - The company continues to face uncertainty regarding its ability to continue as a going concern, as indicated by the audit report[19]. - The company has a comprehensive risk disclosure in its annual report, highlighting potential uncertainties in its future plans[5]. - There is a risk that the company's products may not adapt well to market changes, which could impact profitability and future development[107]. - The company recognizes the cyclical nature of the zircon industry and is exploring diversification into other rare metal sectors to mitigate risks[102]. Research and Development - Research and development expenses increased by 56.77% to 29,756,141.29 CNY, accounting for 3.88% of operating revenue[71]. - The number of R&D personnel rose by 28.57% to 171, representing 16.41% of the total workforce[71]. - The company is committed to continuous research and development of zircon products to create a comprehensive product lineup[95]. - The company has obtained several new patents, including for a "spray pyrolysis device" and a "continuous liquid phase classification device," enhancing product quality and performance[69][70]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[160]. - The total emissions of particulate matter were 2.626 tons, with a concentration of less than 30 mg/m³[160]. - The company reported a total of 24.581 tons of sulfur dioxide emissions, adhering to the standard of less than 200 mg/m³[160]. - Nitrogen oxides emissions totaled 8.4528 tons, also complying with the discharge standards[160]. - The company has established multiple organized discharge points, with a total of 3 for combustion waste gas[161]. - The company has implemented measures to monitor and control emissions effectively, as evidenced by the reported data[160]. - The company has committed to conducting at least two major maintenance checks annually on pollution control facilities to ensure proper operation[164]. - The company has engaged third-party testing for wastewater and air emissions, with wastewater tested monthly and air emissions tested quarterly to ensure controlled discharge[172]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management[4]. - The company has implemented a comprehensive governance structure to enhance decision-making efficiency and operational capabilities across all levels[49]. - The company emphasizes transparency in its governance by disclosing shareholding information of its executives[200]. - The company has adhered to all commitments made to minority shareholders during the reporting period[118]. - The company has not engaged in any investor communications or research activities during the reporting period[108]. Financial Management - The company aims to improve its financial health by increasing financing efforts through non-public stock issuance, leading to significant improvements in asset-liability ratio and financial expenses[50]. - The company raised a total of CNY 406,024,100 through a non-public offering, with 100% of the funds utilized as planned[84]. - The company has fully repaid interest-bearing debts amounting to CNY 192,750,000, achieving a 100% completion rate[86]. - The company has committed to resolving potential competition issues with its subsidiaries to ensure sustainable operations[115]. - The company’s asset-liability ratio and financial expenses have improved but remain high, indicating potential cash flow risks[105].