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].

Financial Performance - Operating revenue for the period reached CNY 247,465,211.53, a significant increase of 128.62% year-on-year[8] - Net profit attributable to shareholders was CNY 1,847,701.90, representing a 240.93% increase compared to the same period last year[8] - Basic earnings per share improved to CNY 0.0030, a 233.33% increase compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,081,709.67, a 515.28% increase year-on-year[8] - The company reported a net loss of CNY 73,804,887.51 for Q3 2020, compared to a loss of CNY 13,445,022.18 in the same quarter last year[37] - The net profit for the third quarter was CNY 4,088,100.60, compared to a net loss of CNY 533,864.36 in the previous year, indicating a turnaround in profitability[41] - The company reported a total profit of CNY 5,248,769.45 for the quarter, a significant recovery from a loss of CNY 736,287.07 in the same period last year[41] - The company's operating profit was a loss of CNY 36,090,059.79, compared to a profit of CNY 10,237,589.80 in the previous year, indicating a decline of 452.0%[49] Cash Flow - The net cash flow from operating activities was CNY 99,604,921.07, up 155.59% year-on-year[8] - Net cash flow from operating activities increased by 45.66% year-on-year, mainly due to increased sales revenue as production capacity gradually recovered and new business projects commenced[16] - The net cash flow from operating activities for Q3 2020 was CNY 111,084,485.21, an increase of 45.7% compared to CNY 76,263,843.65 in Q3 2019[57] - Total cash inflow from operating activities was CNY 483,311,630.43, up from CNY 373,659,998.21 in the same period last year, representing a growth of 29.3%[57] - Cash outflow from operating activities was CNY 372,227,145.22, compared to CNY 297,396,154.56 in Q3 2019, reflecting an increase of 25.1%[57] - The company reported a total cash inflow from operating activities of CNY 2,136,797,983.81 year-to-date, significantly higher than CNY 806,717,010.11 in the previous year[59] - Cash outflow from operating activities year-to-date was CNY 2,041,566,269.90, compared to CNY 728,967,477.40 in the same period last year, reflecting a substantial increase of 179.9%[59] Assets and Liabilities - Total assets increased by 5.98% to CNY 2,352,272,189.07 compared to the end of the previous year[8] - The company's current assets reached CNY 761,083,684.38, up from CNY 578,463,016.62 at the end of 2019, indicating a growth of about 31.5%[31] - The total liabilities increased to CNY 1,161,083,684.38, up from CNY 1,078,463,016.62, indicating a growth of approximately 7.7%[32] - The total liabilities increased to CNY 1,386,336,774.59 from CNY 1,215,603,712.82 year-over-year[37] - The company's equity attributable to shareholders decreased to CNY 802,894,605.62 from CNY 850,555,446.75 in the previous year[34] - The total liabilities to equity ratio is approximately 1.79, suggesting a high level of leverage[66] Shareholder Information - The total number of shareholders at the end of the reporting period was 50,393[12] - The largest shareholder, Longmang Bailian Group Co., Ltd., held 15.66% of the shares[12] Research and Development - Research and development expenses increased by 7.62 million yuan, a 106.16% increase year-on-year, mainly due to increased investment in developing new products for new markets[16] - Research and development expenses increased to CNY 6,947,100.71 from CNY 2,051,244.70 in the previous year, reflecting a focus on innovation[40] - Research and development expenses increased to CNY 6,508,281.89 from CNY 2,051,244.70, highlighting the company's commitment to innovation and product development[44] - Research and development expenses increased to CNY 13,767,182.01 from CNY 7,176,964.06, reflecting a growth of approximately 92.0%[52] Investment and Financing - The company reported investment income of CNY 30,670,560.13, up from CNY 18,042,254.17 in the previous period, representing an increase of approximately 69.5%[49] - Cash inflow from financing activities totaled CNY 1,770,594,666.64, compared to CNY 1,097,859,240.00 in the previous year, marking a rise of 61.2%[58] - The company has ongoing construction projects valued at CNY 187,756,706.62, indicating future growth potential[66] Other Financial Metrics - The company reported a total non-recurring loss of CNY 4,244,190.46 for the year-to-date[9] - The company has implemented new revenue and leasing standards starting in 2020, which required adjustments to the financial statements[62] - The company reported no derivative investments during the reporting period, indicating a conservative investment strategy[23] - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period, ensuring financial integrity[26]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥268,298,008.81, representing an increase of 18.07% compared to ¥227,238,042.95 in the same period last year[18]. - The net profit attributable to shareholders was -¥47,457,938.60, a decrease of 743.15% from ¥7,379,006.88 in the previous year[18]. - The net cash flow from operating activities was ¥11,479,564.14, down 69.22% from ¥37,293,437.94 in the same period last year[18]. - The total assets at the end of the reporting period were ¥2,291,139,397.01, an increase of 3.22% from ¥2,219,626,103.24 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 5.79% to ¥801,285,568.21 from ¥850,555,446.75 at the end of the previous year[18]. - The basic earnings per share were -¥0.08, a decline of 900.00% compared to ¥0.01 in the same period last year[18]. - The weighted average return on net assets was -5.74%, down 6.20% from 0.46% in the previous year[18]. - The company reported a total of -¥3,010,182.69 in non-recurring gains and losses for the period[21]. - The company reported a significant decrease in cash flow from operating activities, down 69.22% to ¥11,479,564.14, primarily due to increased cash payments for goods[42]. - The company reported a net loss of CNY 27,895,159 for the current period, indicating a significant decline in profitability[183]. Operational Highlights - The company specializes in the research, production, and operation of zirconium and zirconium series products, with over 100 varieties and specifications across eight major series[25]. - The company has established five independent large-scale production bases, including locations in Shantou, Shaoguan, Lechang, Liyang, and Chaoyang, enhancing its competitive edge in the zircon industry[26]. - The company has developed a comprehensive zircon industry chain, with its own zircon sand resources, ensuring quality and cost-effectiveness for downstream products[30]. - The company holds 21 patents, including 10 invention patents and 11 utility model patents, and has established 28 national or industry standards, filling gaps in domestic standards[33]. - The company has actively participated in national nuclear power initiatives since 2013, positioning itself as a qualified supplier of nuclear-grade sponge zircon with full independent intellectual property rights[33]. - The company has a strong focus on R&D, having developed new products and processes such as high-purity ultra-fine zirconia and nano-zirconia, contributing to its technological leadership[33]. - The company’s products are widely used in various applications, including nuclear power, special ceramics, and electronic components, indicating a diverse market reach[27]. Market and Sales - Domestic sales accounted for 81.97% of total revenue, increasing by 25.49% year-on-year, while international sales decreased by 6.96% to 18.03% of total revenue[45]. - The company's revenue from domestic sales reached ¥219,927,775.74, an increase of 9.70% compared to the previous period, while international sales amounted to ¥48,370,233.07, up by 16.53%[47]. - The sales volume of main products, zirconium oxychloride and zirconium silicate, increased, leading to a rise in both revenue and cost of goods sold[47]. Investment and Financing - The company is actively introducing strategic investors, such as Guangdong Zhengying Intelligent Technology Co., Ltd., to enhance its innovation capabilities and optimize asset and debt structures[39]. - The company has committed to an investment project with a total investment of 82,000,000 CNY, of which 46,961,220 CNY has been invested as of the end of the reporting period, achieving an investment progress of 57.2%[65]. - The company has extended the completion date for the 350-ton nuclear-grade zirconium sponge project to June 30, 2014, to accommodate changes in construction standards[66]. - The company has approved external guarantees totaling 140 million yuan during the reporting period, with actual guarantees amounting to 118.18 million yuan[108]. - The actual guarantee amount represents 147.49% of the company's net assets[108]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[111]. - The total emissions for particulate matter were 6.17 tons, and for sulfur dioxide, 40.44 tons, with nitrogen oxides at 18.02 tons[111]. - The company has implemented various pollution control measures, including neutralization and sedimentation for wastewater treatment[113]. - The company has established online monitoring for boiler emissions and conducts regular third-party assessments[113]. - The company has committed to regular maintenance and inspections of pollution control facilities, ensuring compliance with environmental standards[113]. Shareholder and Corporate Governance - The total number of ordinary shareholders at the end of the reporting period was 45,008[130]. - The company had a total of 620,946,000 shares, with 99.62% being unrestricted shares[126]. - The largest shareholder, Longmang Baililian Group Co., Ltd., holds 15.66% of the shares, totaling 97,210,810[130]. - There were no significant changes in the shareholding structure during the reporting period[127]. - The company has maintained a stable shareholder structure with no new strategic investors or mergers reported during the period[132]. Future Outlook and Strategic Initiatives - The company plans to enhance its product line and expand into other rare metal industries to mitigate cyclical risks associated with the zircon industry[77]. - The company is focusing on optimizing its procurement structure to improve cost efficiency in raw material sourcing[93]. - The company aims to strengthen its market position through strategic partnerships and potential acquisitions in the industry[94]. - The company anticipates continued growth in user demand for its products, driven by expanding applications in various sectors[94].

Financial Performance - The company's operating revenue for Q1 2020 was ¥157,859,672.24, representing a 53.52% increase compared to ¥102,828,219.92 in the same period last year[8] - The net profit attributable to shareholders was -¥45,010,662.02, a decrease of 2,457.30% from ¥1,909,417.21 in the previous year[8] - The net cash flow from operating activities was -¥32,414,451.95, which is a 43.43% decline compared to -¥22,599,399.91 in the same period last year[8] - Operating revenue increased by 53.52% year-on-year, primarily due to increased zircon sales revenue[15] - Operating costs increased by 113.87% year-on-year, mainly due to higher zircon sales costs[15] - Net profit attributable to shareholders of the parent company decreased by 2457.305% year-on-year, primarily due to insufficient production capacity caused by the COVID-19 pandemic, leading to increased production costs and decreased gross margin[15] - The net loss for Q1 2020 was CNY 49,464,384.48, compared to a net profit of CNY 2,226,323.63 in Q1 2019[40] - The company reported a gross profit margin of approximately -31.5% for Q1 2020, down from a positive margin in the previous year[39] - The company reported a total comprehensive income of -CNY 19,894,391.84, compared to -CNY 12,637,992.73 in the previous period[48] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,276,383,080.95, an increase of 2.56% from ¥2,219,626,103.24 at the end of the previous year[8] - The company's total assets amounted to CNY 2,276,383,080.95, an increase from CNY 2,219,626,103.24 as of December 31, 2019, reflecting a growth of approximately 2.6%[30] - The company's current assets increased to CNY 676,574,184.32 from CNY 578,463,016.62, representing a growth of about 17%[30] - The total liabilities of the company as of March 31, 2020, were CNY 1,528,614,881.88, compared to CNY 1,422,907,412.99 at the end of 2019, indicating an increase of approximately 7.4%[32] - The total liabilities increased to CNY 1,263,504,750.06 in Q1 2020 from CNY 1,215,603,712.82 in the previous year, reflecting a growth of 3.9%[39] - The company reported a total equity of CNY 796,718,690.25, with a negative retained earnings of CNY -337,983,094.32[55] - The company's total equity decreased to CNY 747,768,199.07 from CNY 796,718,690.25, reflecting a decline of about 6.1%[33] Cash Flow - Cash and cash equivalents increased by 518.26% compared to the end of the previous year, mainly due to the collection of accounts receivable and increased bank loan funds[15] - The total cash inflow from operating activities was CNY 188,142,780.90, compared to CNY 117,439,823.94 in the previous period, representing a 60.0% increase[48] - Cash inflow from financing activities amounted to CNY 769,157,026.64, significantly higher than CNY 279,294,549.98 in the previous period, indicating a 175.5% increase[49] - The net cash flow from financing activities was CNY 98,797,564.28, recovering from a negative CNY 64,599,025.86 in the previous period[49] - The total cash and cash equivalents at the end of the period reached CNY 65,632,714.55, up from CNY 7,262,146.17 in the previous period[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 45,191[11] - The largest shareholder, Longmang Baililian Group, held 15.66% of the shares, totaling 97,210,818 shares[11] Research and Development - Research and development expenses decreased by 31.04% year-on-year, primarily due to project investment reductions caused by COVID-19 pandemic-related employee return issues[15] - Research and development expenses for Q1 2020 were CNY 2,449,932.69, a decrease of 31% from CNY 3,552,808.52 in Q1 2019[39] Borrowings and Payables - Short-term borrowings increased by 56.36% compared to the end of the previous year, mainly due to increased loans from Everbright Bank and Minsheng Bank[15] - The company's short-term borrowings increased to CNY 965,220,000.00 from CNY 617,320,000.00, which is an increase of about 56%[32] - Other payables decreased by 80.3% compared to the end of the previous year, mainly due to the repayment of loans to leasing companies and other companies[15] Miscellaneous - The company received government subsidies amounting to ¥83,999.53 during the reporting period[9] - The company did not report any non-operating fund occupation by controlling shareholders or related parties during the reporting period[24] - The company has not undergone an audit for the first quarter report[59] - The company is implementing new revenue and leasing standards starting in 2020, which may affect future financial reporting[58]

Financial Performance - The company's operating revenue for 2019 was CNY 471,620,283.32, a decrease of 6.30% compared to CNY 503,317,549.46 in 2018[18]. - The net profit attributable to shareholders was a loss of CNY 205,786,773.47, representing a decline of 2,036.31% from a profit of CNY 10,627,786.01 in the previous year[18]. - The net cash flow from operating activities was CNY 44,103,310.94, down 88.09% from CNY 370,306,649.20 in 2018[18]. - The basic earnings per share were -CNY 0.33, a decrease of 1,750.00% compared to CNY 0.02 in 2018[19]. - The diluted earnings per share were -CNY 0.34, reflecting an 1,800.00% decline from CNY 0.02 in the previous year[19]. - The total assets at the end of 2019 were CNY 2,219,626,103.24, a decrease of 9.00% from CNY 2,439,154,731.52 in 2018[19]. - The net assets attributable to shareholders decreased by 18.43% to CNY 850,555,446.75 from CNY 1,042,777,181.12 in 2018[19]. - The company's total revenue for the four quarters was as follows: Q1: ¥102.83 million, Q2: ¥124.41 million, Q3: ¥108.24 million, Q4: ¥136.14 million, showing a significant increase in Q2 and Q4[23]. - The net profit attributable to shareholders for the four quarters was: Q1: ¥1.91 million, Q2: ¥5.47 million, Q3: ¥0.54 million, Q4: -¥213.71 million, indicating a loss in Q4[23]. - The net cash flow from operating activities for the four quarters was: Q1: -¥22.60 million, Q2: ¥59.89 million, Q3: ¥38.97 million, Q4: -¥32.16 million, highlighting volatility in cash flow[23]. Shareholder and Ownership Changes - The company has undergone a change in its largest shareholder, now held by Longmang Baili Group Co., Ltd.[17]. - The largest shareholder, Longmang Baili, is a major player in the titanium and zircon fine powder materials sector, enhancing synergies in production and technology[38]. - Dragon Mine Baili acquired 97,210,818 shares of Guangdong Dongfang Zirconium Technology Co., Ltd., representing 15.66% of the total share capital, becoming the largest shareholder[158]. - The total number of shares after the recent changes is 620,946,000, with 2,344,500 shares subject to restrictions, accounting for 0.38%[157]. - The number of unrestricted shares is 618,601,500, representing 99.62% of the total shares[157]. - The company has 47,822 common shareholders at the end of the reporting period, an increase from 46,974 at the previous month-end[161]. - The largest shareholder, Dragon Mine Baili, holds 15.66% of the shares, while the second-largest shareholder, Chen Chaotian, holds 10.87%[162]. - The company does not have a controlling shareholder or actual controller, with no single investor holding more than 30% of voting rights[165][166]. Research and Development - The company has established a joint research center with Shanghai Jiao Tong University to enhance R&D capabilities in nanometer zirconia ceramics[35]. - Research and development expenses increased by 847.96% to 18,980,254.48 yuan, representing 4.02% of total revenue, up from 3.17% in 2018[56]. - The company has committed to enhancing talent acquisition through a combination of external recruitment and internal training to meet the growing demand for high-quality talent in zircon products[98]. - The company has allocated 100 million RMB for R&D in 2020, focusing on innovative technologies in the zirconium industry[184]. Production and Capacity - The company has established five independent large-scale production bases across different provinces, enhancing its production capacity and market presence[29]. - The company achieved a record production of 32,200 tons of heavy mineral sand in December 2019, with January 2020 production further increasing to 35,400 tons[41]. - The company is focusing on the high-grade, zircon-rich Bunalan project located 80 kilometers north of Perth, Australia[32]. - The company has developed a fully autonomous production line for nuclear-grade sponge zircon, responding to national strategies for nuclear power self-sufficiency[37]. - The company has integrated the new 35,000-ton production line with the existing 15,000-ton project to enhance production efficiency and reduce costs[78]. Market and Sales Performance - The company reported a total sales revenue of 2,065 million yuan for the year[118]. - The revenue from zirconium products showed varied performance, with chlorinated zirconium increasing by 8.67% to ¥94,297,039.97, while zircon dioxide decreased by 19.19% to ¥98,649,682.31[47]. - The domestic market accounted for 77.38% of total revenue, while international sales contributed 22.62%, with a 6.19% increase in foreign revenue[47]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2022[184]. - The company aims for a revenue growth target of 10% for the next fiscal year, driven by new product launches and market expansion[184]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by the environmental protection department[145]. - The total emissions of particulate matter are reported at 9.13 tons, with a concentration of less than 80 mg/m³[145]. - The company has implemented a comprehensive wastewater treatment process, including neutralization and sedimentation[147]. - The company conducts regular maintenance and monitoring of pollution control facilities, with at least two major repairs annually[147]. - The company has established a rainwater collection system integrated with production wastewater treatment[147]. - The company has maintained a commitment to environmental sustainability, ensuring that all projects do not create new environmental issues while achieving energy savings[149]. Governance and Compliance - The company has maintained its shareholding structure with no changes in the number of shares held by key executives during the reporting period[176]. - The company has a well-defined internal audit system to oversee daily operations and ensure compliance with regulations[197]. - The company actively engages in transparent information disclosure, utilizing multiple platforms to communicate with investors[199]. - The company has established a comprehensive investor relations management system to ensure timely and accurate information disclosure, enhancing communication with investors[137]. - The company has not reported any significant equity investments during the reporting period[68]. Employee and Talent Management - The total number of employees in the company is 841, with 582 in production, 133 in technical roles, and 15 in sales[192]. - The company implements a performance-based salary system, linking compensation to individual performance and market competitiveness[191]. - The company has established a comprehensive training program to enhance employee skills and knowledge, including safety and environmental training[193]. - The company has a commitment to innovation and development in the zirconium industry, leveraging its experienced management team[179].

广东东方锆业科技股份有限公司 2019 年第三季度报告全文 广东东方锆业科技股份有限公司 2019 年第三季度报告 邮编：515821 电话：0754-85510311 传真：0754-85500848 网址：http://www.orientzr.com 2019 年 10 月 1 地址：广东省汕头市澄海区莱美路宇田科技园 广东东方锆业科技股份有限公司 2019 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴锦鹏、主管会计工作负责人陈志斌及会计机构负责人(会计主 管人员)许海治声明：保证季度报告中财务报表的真实、准确、完整。 2 广东东方锆业科技股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | - ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥102,828,219.92, a decrease of 27.55% compared to ¥141,937,350.57 in the same period last year[9] - The net profit attributable to shareholders was ¥1,909,417.21, down 85.35% from ¥13,034,282.94 year-on-year[9] - The net profit after deducting non-recurring gains and losses was -¥1,205,598.23, a decline of 110.33% compared to ¥11,671,330.05 in the previous year[9] - The basic and diluted earnings per share were both ¥0.003, down 85.00% from ¥0.02 year-on-year[9] - The weighted average return on equity was 0.18%, down 1.07% from 1.25% in the previous year[9] - The company's net loss for Q1 2019 was CNY 2,883,304.51, compared to a net profit in the previous year[42] - The total profit for Q1 2019 was CNY 2,627,051.11, a decrease of 77.7% from CNY 11,799,403.73 in the previous year[48] - The company's total equity as of March 31, 2019, was CNY 1,367,088,014.61, slightly down from CNY 1,374,526,007.34[41] Cash Flow - The net cash flow from operating activities was -¥22,599,399.91, a decrease of 110.98% from ¥205,902,592.82 in the same period last year[9] - Cash inflow from sales of goods and services was 34,055,788.97 CNY, a decrease from 268,862,718.72 CNY in the previous period[55] - The cash flow from operating activities was CNY 87,910,989.91 in Q1 2019, down from CNY 291,824,092.12 in the previous year[51] - Total cash inflow from operating activities amounted to 117,439,823.94 CNY, while cash outflow was 140,039,223.85 CNY, resulting in a net cash flow deficit[52] - Cash inflow from financing activities was 279,294,549.98 CNY, with cash outflow totaling 343,893,575.84 CNY, leading to a net cash flow from financing activities of -64,599,025.86 CNY[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,336,428,116.22, a decrease of 4.21% from ¥2,439,154,731.52 at the end of the previous year[9] - The total liabilities as of March 31, 2019, were CNY 1,217,299,385.54, compared to CNY 1,239,154,731.52 at the end of 2018, showing a decrease of about 1.8%[34] - The company's current assets totaled CNY 617,299,385.54, down from CNY 699,172,057.01 at the end of 2018, indicating a decrease of about 11.7%[34] - Total liabilities decreased to CNY 1,124,985,482.66 from CNY 1,212,699,918.72, a reduction of 7.2%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,785[13] - The company has committed to not distributing profits to shareholders if it cannot meet debt obligations, ensuring financial stability[27] Research and Development - Research and development expenses for Q1 2019 were CNY 3,552,808.52, significantly higher than CNY 12,655.10 in the previous year[42] - The company reported a significant increase in research and development expenses, totaling CNY 3,552,808.52 in Q1 2019, compared to CNY 12,655.10 in the previous year[47] Other Financial Metrics - The company reported a significant fair value loss of CNY 9,238,845.00 on financial assets during the reporting period[29] - The company experienced a foreign exchange loss of CNY -4,335,018.55 in Q1 2019, compared to a loss of CNY -4,036,055.18 in the previous year[45] - The company reported a significant increase in accounts receivable, which rose to CNY 82,051,194.80 from CNY 47,716,144.55, an increase of 71.8%[38] Reporting and Governance - The report was published on April 27, 2019, providing timely financial insights[72] - The first quarter report was not audited, indicating a potential area for further scrutiny[68] - The chairman of the board is Wu Jinpeng, indicating leadership continuity[71]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥227,238,042.95, a decrease of 25.96% compared to ¥306,896,416.77 in the same period last year[19]. - The net profit attributable to shareholders was ¥7,379,006.88, down 46.93% from ¥13,904,087.30 year-on-year[19]. - The net cash flow from operating activities was ¥37,293,437.94, representing a significant decline of 87.47% compared to ¥297,669,038.03 in the previous year[19]. - The basic earnings per share decreased by 50.00% to ¥0.01 from ¥0.02 in the same period last year[19]. - The company reported a net loss of CNY 124,817,313.97 for the first half of 2019, an improvement compared to a net loss of CNY 132,196,320.85 in the same period of 2018[161]. - The total profit for the first half of 2019 was CNY 10,587,144.85, a decline of 17.5% compared to CNY 12,839,412.30 in the same period of 2018[169]. - The comprehensive income total for the first half of 2019 was CNY 1,294,293.44, down from CNY 9,664,505.98 in the same period of 2018[170]. - The total comprehensive income for the period decreased by 7.2 million yuan, representing a decline of 7.37% compared to the previous period[186]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,339,723,752.71, a decrease of 4.28% from ¥2,444,354,731.52 at the end of the previous year[19]. - The total liabilities as of June 30, 2019, were CNY 1,328,328,518.95, a decrease from CNY 1,434,253,791.20 at the end of 2018, reflecting a reduction of approximately 7.4%[161]. - The company's cash and cash equivalents were CNY 13,455,366.19 as of June 30, 2019, compared to CNY 106,788,341.78 at the end of 2018, showing a significant decrease of approximately 87.4%[163]. - The total equity attributable to shareholders was CNY 1,048,061,083.03 as of June 30, 2019, slightly up from CNY 1,047,977,181.12 at the end of 2018[161]. - The total equity at the end of the period was 1,373.17 million RMB, with a decrease of 36.83% from the previous period[198]. Revenue Sources - The company sold 116,000 dry tons of heavy mineral sand in the first half of 2019, achieving positive cash flow from the project[39]. - The revenue from sponge zircon reached RMB 26.93 million, with a year-on-year increase of 1.28%[47]. - The revenue from structural ceramics was RMB 15.93 million, with a year-on-year increase of 3.59%[47]. - Domestic revenue accounted for 77.12% of total revenue, totaling RMB 175.25 million, down 28.54% compared to the same period last year[47]. Research and Development - Research and development expenses amounted to ¥5.13 million, representing over 3% of sales revenue[44]. - The company has developed several new products and processes, including high-purity ultra-fine zirconia and zirconia ceramic structural components[36]. - The company aims to enhance its product structure by focusing on high-value zircon products, including zirconia ceramics for mobile phone backplates and surgical implants[31]. - The company has established a specialized pilot production line for product research and development[36]. Investment and Projects - The total amount of raised funds is 793.80 million yuan, with a cumulative investment of 820.80 million yuan[62]. - The project for producing 20,000 tons of high-purity zirconia has an investment commitment of 300 million yuan, with a total investment of 210.59 million yuan, achieving 101.15% of the expected progress[65]. - The company plans to permanently supplement working capital with the remaining funds of 271.29 million yuan from the terminated 650 tons nuclear-grade zirconia project[66]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[186]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[110]. - The company emitted 2.26 tons of smoke dust and 22.52 tons of sulfur dioxide, with no exceedances reported[110]. - The company has implemented a comprehensive air pollution control system, including cyclone dust removal and desulfurization, to meet emission standards[112]. - The company has established emergency response plans for environmental incidents, with the latest updates made in 2018, ensuring orderly handling of unexpected accidents[116]. Corporate Governance - The company is committed to strict compliance with legal and regulatory requirements to ensure the protection of shareholder rights and interests[81]. - The company has not reported any significant events that would affect its operations[86]. - The company has maintained strict adherence to its commitments during the reporting period[90]. - The company has not conducted an audit for the semi-annual financial report[91]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 58,740, with major shareholders including China National Nuclear Corporation holding 15.66%[127]. - The total number of shares is 620,946,000, with 99.62% being unrestricted shares[124]. - The company has not initiated any targeted poverty alleviation work during the reporting period and has no subsequent plans[119].

Financial Performance - The company's operating revenue for Q1 2019 was ¥102,828,219.92, a decrease of 27.55% compared to ¥141,937,350.57 in the same period last year[9] - The net profit attributable to shareholders was ¥1,909,417.21, representing an 85.35% decline from ¥13,034,282.94 year-on-year[9] - The net cash flow from operating activities was negative at ¥-22,599,399.91, a significant drop of 110.98% compared to ¥205,902,592.82 in the previous year[9] - The basic earnings per share decreased by 85.00% to ¥0.003 from ¥0.02 in the same period last year[9] - The net profit attributable to shareholders decreased by 85.35% compared to the same period last year, primarily due to a reduction in operating revenue[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 110.33%, also due to decreased operating revenue[17] - The company's net loss for Q1 2019 was CNY 2,883,304.51, compared to a net profit in the previous period[42] - The total profit for Q1 2019 was CNY 2,627,051.11, a decrease of 77.8% from CNY 11,799,403.73 in the previous year[48] - The company's total comprehensive income for Q1 2019 was CNY -2,110,594.54, compared to CNY 7,763,348.55 in Q1 2018, reflecting a significant downturn[45] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,336,428,116.22, down 4.21% from ¥2,439,154,731.52 at the end of the previous year[9] - The company's current assets totaled CNY 635,814,040.54, down from CNY 699,172,057.01 at the end of 2018, indicating a decline of approximately 9.1%[34] - Total liabilities decreased to CNY 1,124,985,482.66 from CNY 1,212,699,918.72, a reduction of 7.2%[40] - The total non-current assets were CNY 1,705,814,075.68, down from CNY 1,739,982,674.51, indicating a decline of about 2.0%[34] - Total liabilities amounted to CNY 1,434,253,791.20, with non-current liabilities at CNY 270,105,208.10[62] - Owner's equity attributable to shareholders was CNY 1,042,777,181.12, a decrease of CNY 5,200,000[63] Cash Flow - The net cash flow from operating activities was -15,470,059.78 CNY, a significant decrease compared to 194,817,669.22 CNY in the previous period[55] - The cash inflow from sales of goods and services was 34,055,788.97 CNY, a decrease from 268,862,718.72 CNY in the previous period[55] - The total cash outflow for operating activities was 273,475,526.93 CNY, down from 402,447,161.30 CNY in the previous period[55] - The ending balance of cash and cash equivalents was 4,623,737.50 CNY, down from 29,680,491.38 CNY in the previous period[57] - The net increase in cash and cash equivalents was -104,026,904.67 CNY, compared to -54,213,124.00 CNY in the previous period[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 50,785[13] - The largest shareholder, China National Nuclear Corporation, held 15.66% of the shares, totaling 97,210,818 shares[13] Government Support - The company received government subsidies amounting to ¥3,584,466.68 during the reporting period[10] Research and Development - Research and development expenses for Q1 2019 were CNY 3,552,808.52, significantly higher than CNY 12,655.10 in the previous period, indicating increased investment in innovation[42] - The company reported a decrease in research and development expenses to CNY 3,552,808.52 from CNY 12,655.10 in the previous year, indicating a strategic shift in investment[47] Compliance and Adjustments - The company did not undergo an audit for the first quarter report[68] - The report includes signatures from the legal representative and financial officer, ensuring compliance with regulatory requirements[70] - The company has made adjustments in accordance with new financial and leasing standards, impacting prior comparative data[67]

Financial Performance - The company's operating revenue for 2018 was CNY 503,317,549.46, a decrease of 40.91% compared to CNY 851,755,169.77 in 2017[20] - The net profit attributable to shareholders in 2018 was CNY 10,627,786.01, representing a 127.03% increase from a loss of CNY 39,313,032.71 in 2017[20] - The net cash flow from operating activities increased by 56.34% to CNY 370,306,649.20 in 2018, up from CNY 236,857,949.95 in 2017[20] - The basic earnings per share for 2018 was CNY 0.02, a turnaround from a loss of CNY 0.06 per share in 2017, marking a 133.33% improvement[20] - Total assets at the end of 2018 were CNY 2,439,154,731.52, down 18.00% from CNY 2,974,465,012.74 at the end of 2017[21] - The net assets attributable to shareholders increased slightly by 0.61% to CNY 1,042,777,181.12 at the end of 2018, compared to CNY 1,036,412,376.45 at the end of 2017[21] - The company reported a diluted earnings per share of CNY 0.02 for 2018, reflecting a significant recovery from the previous year's loss[20] - The weighted average return on net assets was 1.02% in 2018, recovering from -3.73% in 2017[21] Revenue Trends - Total revenue for the first quarter was ¥141,937,350.57, with a net profit attributable to shareholders of ¥13,034,282.94[25] - The second quarter saw a revenue increase to ¥164,959,066.20, but net profit dropped to ¥869,804.36[25] - In the third quarter, revenue decreased to ¥115,876,245.25, while net profit was ¥1,183,768.46[25] - The fourth quarter reported a significant decline in revenue to ¥80,544,887.44, resulting in a net loss of ¥4,460,069.75[25] - The net cash flow from operating activities was positive in the first quarter at ¥205,902,592.82, but turned negative in the third quarter at -¥129,387,560.30[25] Production and Development - The company is expanding its production capacity with a new project aimed at producing 2,700 tons of composite zirconia annually[31] - Future development will focus on high-value zirconium products, including zirconia ceramic mobile phone back panels and surgical implant materials[34] - The company aims to improve its product structure and enhance its technological barriers to increase core competitiveness[34] - The company is focusing on the development of zirconia ceramic materials for the new energy battery industry, which is crucial for improving battery energy density[37] - The company plans to invest a total of approximately 118.49 million CNY in the annual production of 18 million zirconia ceramic mobile phone back covers, with 88.49 million CNY sourced from a non-public stock issuance[46] - The company aims to establish a production capacity of 1,000 tons of zirconia ceramic microbeads, with an investment of around 15.64 million CNY, of which 13.17 million CNY will come from the stock issuance[46] Market Position and Strategy - The company has become the largest shareholder of Image by acquiring an additional 5% of shares, enhancing its position in the Australian mining project[32] - The company has successfully applied zirconia ceramic back covers in limited edition models for manufacturers like Huawei and Xiaomi, indicating a growing market acceptance[36] - The zirconia ceramic microbeads market is expanding due to their low wear, high grinding efficiency, and long service life, making them suitable for various industrial applications[37] - The company is positioned to benefit from the growing demand for high-performance grinding media in the powder coating market, driven by consumer preferences for environmentally friendly products[37] - The company aims to develop high value-added zirconium products, focusing on zirconia ceramic mobile phone back panels, grinding beads, and surgical implants as future growth directions[47] Financial Management and Investments - The company received approval from the China Securities Regulatory Commission for a non-public offering of new shares to support its investment projects[49] - The gross profit margin for zirconium products varied, with zirconium oxide showing a margin of 29.64%, an increase of 23.46% compared to the previous year[55] - The company reported a significant drop in sales volume by 40.96% in 2018, primarily due to reduced sales of zirconium concentrate and composite zirconium products[57] - The company established a new subsidiary, Lechang Dongzhuo New Materials Co., Ltd., during the reporting period[60] - Research and development expenses increased by 67.43% to ¥2.00 million, reflecting a focus on new product and technology development[63] Corporate Governance and Compliance - The company has committed to not engaging in any form of related party transactions that could harm the interests of the company or its shareholders[115] - The company will actively cooperate with the Shenzhen Stock Exchange to fulfill its information disclosure obligations[116] - The company has committed to maintaining the independence of its operations, assets, and finances[115] - The company has acknowledged the impact of the Fukushima incident on the nuclear power construction pace and market demand for nuclear-grade zirconium sponge[82] - The company has implemented measures to ensure the timely repayment of bonds, including suspending profit distributions and major capital expenditures[121] Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[164] - The company has completed the environmental impact assessment for multiple projects, including the annual production of 20,000 tons of zirconium oxide, receiving approval from relevant authorities[168] - The company has established dedicated personnel for daily inspections and maintenance of pollution control facilities, ensuring their proper operation[166] - The company has invested in pollution control facilities, ensuring that all projects comply with the "three simultaneous" environmental protection regulations[169] - The company conducts monthly third-party testing for wastewater and quarterly testing for exhaust and noise to ensure compliance with environmental standards[172] Shareholder Structure and Changes - The largest shareholder, China National Nuclear Corporation, held 97,210,818 shares, representing 15.66% of total shares[181] - The total number of shareholders at the end of the reporting period was 52,524, an increase from 51,536 in the previous period[180] - The shareholding structure indicates that the top 10 unrestricted shareholders hold a significant portion of the total shares, with the largest being China National Nuclear Corporation[182] - The company does not have a controlling shareholder or actual controller, as no single investor can influence more than 30% of the voting rights[185] - The company has a diversified shareholding structure, with no shareholder holding more than 15.66%[185]