证券代码：002171 证券简称：楚江新材 债券代码：128109 债券简称：楚江转债 安徽楚江科技新材料股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------------|--------------------------------------------------------|------------------------------|-------|-------| | | 编号：2022-034 | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | | 类别 | □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 | 宝盈基金：诸晓琳、顾瑜枫 | | | | | 人员姓名 | 长信基金：肖文劲 | | | | | | 上投摩根：王学思 | | | | | | 国泰君安：顾一格、刘玉 | | | | | 时间 2022 | 年 11 月 8 日至 10 ...

Financial Performance - Revenue for Q3 2022 was ¥9,249,085,525.18, a decrease of 6.78% compared to the same period last year[5] - Net profit attributable to shareholders was -¥180,587,679.48, a decline of 220.87% year-on-year[5] - Net profit excluding non-recurring items was -¥227,247,442.68, down 306.57% from the previous year[5] - The company reported a basic earnings per share of -¥0.1358, a decrease of 221.24% compared to the previous year[5] - The company's net profit for the first three quarters of 2022 was approximately ¥130.29 million, a decrease of 70.12% compared to ¥436.03 million in the same period of 2021[14] - Operating profit fell to ¥134.30 million, down 75.87% from ¥556.49 million year-on-year, primarily due to a sluggish downstream market in the basic materials sector[14] - The total profit for the period was ¥134.14 million, representing a 74.72% decline from ¥530.53 million in the previous year[14] - The company reported a net investment loss of ¥24,450,271.73, an improvement from a loss of ¥34,052,348.26 in the previous period[42] - The net profit for the current period is approximately ¥130.29 million, a decrease from ¥436.03 million in the previous period, representing a decline of about 70%[48] - The total comprehensive income for the current period is approximately ¥137.49 million, compared to ¥436.03 million in the previous period, indicating a decrease of around 68%[48] - The basic earnings per share for the current period is ¥0.0753, down from ¥0.3056 in the previous period, reflecting a decline of approximately 75%[48] Assets and Liabilities - Total assets increased to ¥15,030,963,369.59, representing a growth of 13.33% compared to the end of the previous year[7] - Non-current liabilities totaled ¥2,317,643,002.25, an increase from ¥2,040,435,327.12, representing a growth of about 13.6%[41] - The company's total liabilities reached ¥8,400,124,705.16, up from ¥6,740,231,162.89, reflecting an increase of about 24.6%[41] - The equity attributable to shareholders of the parent company was ¥6,170,176,475.21, slightly up from ¥6,166,265,640.85[41] - Deferred tax assets rose to ¥141,754,482.74 from ¥96,831,991.93, an increase of approximately 46.3%[41] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥522,690,351.82, an increase of 24.11% year-on-year[5] - The net cash flow from investment activities was negative at ¥625.05 million, a drastic increase of 4359.60% compared to a negative cash flow of ¥14.02 million in the previous year[17] - The cash flow from financing activities decreased by 57.93% to ¥245.45 million, down from ¥583.45 million year-on-year, attributed to increased cash dividends to shareholders[17] - The cash flow from operating activities shows a net outflow of approximately ¥522.69 million, an improvement from a net outflow of ¥688.77 million in the previous period[49] - Cash inflow from investment activities is approximately ¥2.56 billion, compared to ¥1.83 billion in the previous period, marking an increase of about 40%[51] - Cash outflow from investment activities is approximately ¥3.19 billion, up from ¥1.85 billion in the previous period, indicating an increase of around 73%[51] - Cash inflow from financing activities is approximately ¥3.94 billion, compared to ¥3.16 billion in the previous period, representing an increase of about 25%[51] - The cash and cash equivalents at the end of the period amount to approximately ¥1.50 billion, a decrease from ¥1.52 billion at the end of the previous period[51] Receivables and Inventory - Accounts receivable rose by 51.67% to ¥2,701,362,985.01 due to increased revenue and slower cash collection[11] - Prepayments increased by 56.71% to ¥807,228,570.92, attributed to higher raw material procurement payments[11] - Other receivables surged by 135.31% to ¥299,139,607.71, mainly due to increased margin deposits at futures exchanges[11] - The company's accounts receivable rose to approximately CNY 2.70 billion, reflecting an increase of 51.7% compared to CNY 1.78 billion at the beginning of the year[35] - The inventory level was approximately CNY 2.39 billion, showing a slight decrease of 4.5% from CNY 2.50 billion at the beginning of the year[35] Shareholder Activities - The company repurchased 49.08 million shares as part of its fourth employee stock ownership plan, resulting in a 44.92% decrease in treasury stock[14] - The company repurchased a total of 16,363,806 shares, accounting for 1.23% of the total share capital, with a total transaction amount of approximately CNY 149.87 million[28] - The third phase of the employee stock ownership plan was extended for an additional six months until March 5, 2023[29] Tax and Expenses - The company’s tax expenses dropped by 95.93% to ¥3.85 million, compared to ¥94.50 million in the same period last year, due to a decrease in total profit[14] - Research and development expenses decreased to ¥734,381,601.84 from ¥889,862,581.08, a reduction of approximately 17.5%[42] Other Comprehensive Income - The fair value change income from strategic placements in Zhongfu Shenying Carbon Fiber Co., Ltd. contributed to other comprehensive income, which was reported at ¥6.48 million, a 100% decrease from the previous year[14]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 20,570,849,769.01, representing a 19.23% increase compared to CNY 17,253,414,871.57 in the same period last year[28]. - The net profit attributable to shareholders of the listed company was CNY 280,662,949.82, an increase of 8.74% from CNY 258,105,060.96 year-on-year[28]. - The basic earnings per share increased by 8.25% to CNY 0.210 from CNY 0.194 in the previous year[28]. - The company reported a net cash flow from operating activities of CNY 181,079,808.11, a decrease of 36.06% compared to CNY 174,472,042.07 in the same period last year[28]. - The diluted earnings per share rose by 8.05% to CNY 0.188 from CNY 0.174 year-on-year[28]. - The total revenue for the reporting period reached ¥20,570,849,769.01, representing a year-on-year increase of 19.23% compared to ¥17,253,414,871.57 in the same period last year[83]. - The net profit attributable to the parent company reached CNY 281 million, marking an increase of 8.74% year-on-year[77]. - The gross profit margin for the reporting period showed a slight decline, with the overall cost of sales increasing in line with revenue growth[86]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 14,722,919,795.39, an increase of 11.01% from CNY 13,262,477,708.03 at the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were CNY 6,384,822,891.30, up 3.54% from CNY 6,166,265,640.85 at the end of the previous year[28]. - Cash and cash equivalents at the end of the reporting period amounted to ¥2,003,717,36, accounting for 13.61% of total assets, a decrease of 5.46% compared to the previous year[91]. - Accounts receivable reached ¥3,066,858,45, representing 20.83% of total assets, with an increase of 7.40% year-on-year, attributed to slower cash collection due to domestic pandemic and macroeconomic conditions[91]. - Inventory stood at ¥2,923,790,77, making up 19.86% of total assets, with a slight increase of 1.01% from the previous year, indicating no significant changes[91]. - Short-term borrowings increased to ¥4,213,490,06, which is 28.62% of total liabilities, reflecting a growth of 2.43% due to increased operational funding needs[91]. - Long-term borrowings rose to ¥126,507,853.21, accounting for 0.86% of total liabilities, with a significant increase attributed to financing for the "high-performance carbon fiber composite material R&D and production project"[91]. Investment and Projects - The company has established a production capacity of 120,000 tons for high-end copper conductor materials, contributing to performance growth[38]. - The company is constructing a project with an annual production capacity of 300,000 tons for green intelligent manufacturing of high-precision copper-based materials[38]. - The company has committed to invest in projects totaling CNY 389,533 million, with a significant portion allocated to high-precision copper alloy production and green intelligent manufacturing materials[131]. - The annual production capacity for high-precision copper alloy foil is set at 50,000 tons, with an investment of CNY 60,000 million, reflecting a 15.38% increase in production efficiency[131]. - The company has a project to build a production line for 10,000 tons of high-performance lithium battery anode materials, which is currently in the construction phase[130]. - The company is also working on a project to produce 20,000 tons of high-precision copper alloy wire, which has been delayed but is now in the formal construction stage[129]. Market and Competition - The company aims to become a leading platform for advanced materials R&D and manufacturing, participating in global competition[38]. - The company is focusing on the research and development of special thermal equipment and new materials, positioning itself as a key player in the new materials industry chain[145]. - The company plans to enhance its market share and competitiveness in response to macroeconomic risks and fluctuations in raw material prices[172][173]. - The company aims to mitigate market competition risks by implementing a cost-leading and product-leading strategy, focusing on high-quality products[174]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, indicating its significant environmental impact[195]. - The company has implemented measures to treat waste gas emissions from various production processes, with a total of 37 discharge outlets[195]. - The company reports no exceedance of pollutant discharge limits, indicating effective environmental management practices[195]. - The company is actively involved in environmental responsibility, as evidenced by its compliance with stringent pollution control standards[195]. Strategic Initiatives - The company has established a comprehensive risk control system to assess and effectively control various risks, including market, liquidity, credit, operational, and legal risks[115]. - The company has implemented employee stock ownership plans to attract and retain talent, with 118 employees participating in the third plan and 524 in the fourth plan[188]. - The company has successfully completed strategic mergers and acquisitions to strengthen its position in the military new materials sector, enhancing its competitive edge[134]. - The company is collaborating with research institutions and military units to improve its technology development success rate and reduce risks associated with R&D[175].

Financial Performance - The company's revenue for Q1 2022 was ¥9,443,771,622.64, representing a 28.70% increase compared to ¥7,337,876,264.79 in the same period last year[4] - Net profit attributable to shareholders decreased by 5.23% to ¥114,005,715.44 from ¥120,296,657.60 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥78,070,304.93, down 13.86% from ¥90,634,548.34 in the previous year[4] - Total revenue decreased by 8.08% to ¥137,476,379.69 compared to the previous year[14] - Net profit fell by 7.83% to ¥118,655,479.28, impacted by rising transportation costs and temporary delivery issues[14] - Net profit for the current period was ¥118,655,479.28, a decrease of 7.4% compared to ¥128,740,499.95 in the previous period[36] - The total comprehensive income attributable to the parent company was 114,005,715.44, compared to 120,296,657.60 in the previous period, reflecting a decrease of approximately 5.4%[40] Assets and Liabilities - The company's total assets increased by 6.60% to ¥14,137,419,872.33 from ¥13,262,477,708.03 at the end of the previous year[6] - Total liabilities increased to ¥7,495,220,166.44, compared to ¥6,740,231,162.89 in the previous period, representing a rise of 11.2%[32] - The equity attributable to the parent company was ¥6,281,198,538.91, an increase from ¥6,166,265,640.85 in the previous period, showing a growth of 1.9%[32] Cash Flow - Cash flow from operating activities showed a net outflow of ¥1,071,817,135.86, a decline of 41.18% compared to the previous year's outflow of ¥759,208,239.77[4] - The net cash flow from operating activities was -1,071,817,135.86, worsening from -759,208,239.77 in the previous period[44] - Cash received from the sale of goods and services amounted to 9,689,660,112.28, an increase of 28.9% from 7,521,395,389.73 in the previous period[41] - The net cash flow from investing activities was -323,566,907.33, compared to -2,488,329.19 in the previous period, indicating a significant improvement[44] - The company received cash from financing activities amounting to 1,238,628,375.52, an increase from 1,020,269,492.97 in the previous period[46] Operational Challenges - The first quarter saw a significant impact from domestic pandemic restrictions, affecting logistics and personnel movement[14] - The company is actively working on new product development and market expansion strategies to mitigate the impact of external challenges[14] Shareholder Information - The company’s major shareholder, Anhui Chuangjiang Investment Group, holds 32.35% of the shares, totaling 431,739,560 shares[15] - The second-largest shareholder, National Military-Civilian Integration Industry Investment Fund, holds 5.00% of the shares, totaling 66,701,475 shares[15] - The total number of ordinary shareholders at the end of the reporting period was 59,481[15] Employee and Compensation - The company reported a decrease in employee compensation payable to ¥45,092,391.36 from ¥140,153,284.04, a decline of 67.8%[32] - The company paid 275,568,442.79 in employee compensation, up from 190,546,946.83 in the previous period, reflecting a 44.7% increase[44] - The company’s employee stock ownership plan allows for up to 800 employees to acquire shares at a price of 7.00 CNY per share, with a total funding limit of 364 million CNY[22] Investment and Development - The company reported a significant increase in long-term loans by 133.22% to ¥84,444,307.89, mainly for the development and production of high-performance carbon fiber composite materials[11] - Research and development expenses increased to ¥287,009,027.91, compared to ¥231,017,274.17 in the previous period, reflecting a growth of 24.3%[36] - The company is focusing on expanding its advanced copper-based materials and military carbon materials sectors, which continue to grow despite challenges[14]

Financial Performance - The company achieved a revenue of CNY 37.35 billion in 2021, representing a year-on-year growth of 62.57%[83]. - The company's net profit attributable to the parent company reached CNY 567 million, a significant increase of 106.78% year-on-year[84]. - The company's operating revenue for 2021 was ¥37,349,605,251.70, representing a 62.57% increase compared to ¥22,974,092,037.13 in 2020[28]. - The net profit attributable to shareholders for 2021 was ¥567,090,000.01, a 106.78% increase from ¥274,243,262.86 in 2020[28]. - The net profit after deducting non-recurring gains and losses was ¥384,158,140.43, up 70.14% from ¥225,791,860.94 in 2020[28]. - The total assets at the end of 2021 were ¥13,262,477,708.03, an increase of 17.94% from ¥11,245,466,892.13 at the end of 2020[28]. - The net assets attributable to shareholders at the end of 2021 were ¥6,166,265,640.85, a 7.20% increase from ¥5,751,889,357.00 at the end of 2020[28]. - The company reported a basic earnings per share of ¥0.43 for 2021, which is a 104.76% increase from ¥0.21 in 2020[28]. - The company experienced a net cash flow from operating activities of -¥125,333,605.22 in 2021, an improvement of 70.07% from -¥418,721,874.15 in 2020[28]. - The company reported a significant increase in foreign sales, which rose by 340.41% to ¥167.96 million[89]. - The gross profit margin slightly decreased to 6.06% due to rising copper prices affecting both sales prices and raw material costs[83]. Investments and Projects - The company is currently constructing several projects, including a 50,000-ton high-precision copper alloy foil project and a 300,000-ton green intelligent manufacturing project, which will enhance product structure and upgrade benefits[54]. - The company has invested CNY 22.30 million in the copper alloy strip product upgrade and intelligent transformation project prior to the arrival of funds from the non-public offering of shares[180]. - The company plans to establish a new subsidiary to manage the "Annual Production of 300,000 Tons of Green Intelligent Manufacturing High-precision Copper-based Materials Project (Phase I)" to accelerate project progress[180]. - The company has committed to a total investment of RMB 60,000 million for the high-precision copper alloy strip project, with RMB 3,621.74 million invested by the end of 2021[174]. - The company has reported a total of 1,518.55 million in excess fundraising, with no decisions made regarding its use as of December 31, 2021[177]. - The company has decided to terminate the "Intelligent Thermal Equipment and Special Composite Materials Industrialization Project" due to a lack of comparative advantage in the strategic layout of military new materials[177]. - The company has undergone strategic mergers and acquisitions to strengthen its position in the military new materials sector, particularly in carbon-carbon composite materials[177]. Research and Development - The company has a strong R&D capability, with a national technology innovation demonstration enterprise status and multiple provincial-level technology centers supporting product development[68]. - The company established several new subsidiaries, including "Anhui Chuangjiang High-Precision Copper Strip Co., Ltd." with an investment of ¥10 million[98]. - The company completed the development of a new medical device product with an annual production capacity of 2,000 tons[128]. - The company has established multiple R&D platforms, including a national postdoctoral research station and a provincial key laboratory, enhancing its innovation capabilities[77]. - The company’s core team consists of nearly 100 technical R&D personnel, including 2 academicians, with extensive experience in metallurgy and materials science[76]. - The company is focusing on the industrial application of new products, which is expected to reduce material waste and increase sales revenue[107]. - The company has developed several new copper conductor products, including wind energy grounding cables and high-frequency data signal transmission cables, aimed at enhancing industry competitiveness[107]. Market Position and Competitive Advantage - The company ranked first among China's top ten copper strip manufacturers, with an annual production of high-precision copper alloy strip reaching 300,000 tons in 2021[38]. - The company is the only domestic producer of carbon brake preforms for the C919 aircraft, establishing a monopoly in this segment[45]. - The company has received multiple awards for its innovative technologies in the recycling and utilization of copper materials[39]. - The company is positioned to benefit from the growing aerospace sector, with plans for significant expansion in carbon fiber applications[45]. - The company has a leading position in the intelligent thermal equipment industry, with its products outperforming domestic competitors in temperature control capabilities and automation levels[50]. - The company aims to enhance its high-value product ratio and profitability through strategic adjustments in the copper conductor industry[189]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding future development plans and projections[6]. - The company has established a comprehensive risk control system for its derivative investments, effectively managing market, liquidity, credit, and operational risks[165]. - The company has not made any significant changes to its accounting policies regarding derivative investments compared to the previous reporting period[165]. - The company plans to continue utilizing futures market hedging to mitigate losses from price fluctuations in its operations[165]. Subsidiaries and Contributions - The company reported significant contributions from its subsidiaries, with Qingyuan Chujian Copper Industry Co., Ltd. generating a net profit of approximately ¥94.28 million, accounting for over 10% of the company's net profit[198]. - Wuhu Chujian Hejin Copper Materials Co., Ltd. achieved a net profit of approximately ¥71.99 million, also contributing significantly to the overall profitability of the company[198]. - Anhui Chujian High-tech Electric Materials Co., Ltd. reported a net loss of approximately ¥129.60 million, indicating challenges in its operations[198]. - The total assets of Qingyuan Chujian Copper Industry Co., Ltd. were reported at approximately ¥1.51 billion, reflecting a strong asset base[198]. - The company is focused on expanding its new material technology research and development through subsidiaries like Hunan Dingli Technology Co., Ltd., which reported a revenue of approximately ¥313.78 million[198]. Corporate Governance and Transparency - The company’s financial report has been confirmed as true, accurate, and complete by its board of directors and management[5]. - The company has a dedicated board secretary and securities representative for investor relations[20]. - The company’s annual report is available on the Shenzhen Stock Exchange and other designated media[23]. - The company has established tripartite (or quadripartite) supervision agreements for the management of raised funds, ensuring compliance with regulations[171].

安徽楚江科技新材料股份有限公司 2021 年第三季度报告 1 证券代码：002171 证券简称：楚江新材 公告编号：2021-131 债券代码：128109 债券简称：楚江转债 安徽楚江科技新材料股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责 任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明： 保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥17,253,414,871.57, representing an increase of 83.66% compared to ¥9,393,995,923.62 in the same period last year[26]. - Net profit attributable to shareholders was ¥258,105,060.96, a significant increase of 322.44% from ¥61,098,128.65 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥174,472,042.07, up 457.90% from ¥31,272,994.69 year-on-year[26]. - Basic earnings per share increased to ¥0.194, reflecting a growth of 321.74% compared to ¥0.046 in the same period last year[26]. - Total assets at the end of the reporting period were ¥12,814,779,093.13, an increase of 13.96% from ¥11,245,466,892.13 at the end of the previous year[26]. - The weighted average return on net assets was 4.42%, up 3.30 percentage points from 1.12% in the previous year[26]. - The company reported a net cash flow from operating activities of -¥619,209,327.12, a slight decrease of 5.31% compared to -¥588,002,996.79 in the same period last year[26]. - The net assets attributable to shareholders increased to ¥5,834,273,528.52, a growth of 1.43% from ¥5,751,889,357.00 at the end of the previous year[26]. - The company achieved a revenue of 17.253 billion yuan, representing a year-on-year growth of 83.66%[53]. - The operating cost increased to ¥16,170,907,039.94, reflecting an 84.96% rise from ¥8,743,069,739.67, primarily due to increased sales scale and raw material price hikes[57]. - Research and development expenses amounted to ¥581,786,792.55, a significant increase of 94.66% from ¥298,868,565.35, driven by product upgrades and rising material costs during R&D[60]. - The total profit for the company increased, with a notable rise in other income to ¥158,433,184.12, up 124.55% from ¥70,557,313.99, mainly due to increased government subsidies[60]. Market Position and Growth Potential - The company achieved a production volume of 234,500 tons of high-precision copper alloy strip in 2020, capturing an 11.9% market share in China[39]. - The company aims to increase its market share to between 25% and 30% in the future, indicating significant growth potential[39]. - The company is the only domestic supplier of carbon brake preforms for the C919 and ARJ21 aircraft, marking a significant achievement in the aerospace sector[40]. - The market potential for high-performance composite materials thermal equipment is estimated to reach ¥10.3 billion in 2020[44]. - The company has become a core research unit for special large thermal equipment in the aerospace and defense sectors, addressing critical technological challenges[43]. - The company plans to actively participate in national major projects and defense initiatives, positioning itself as a key supplier in the military new materials and high-end thermal equipment sectors[44]. Risk Management - The management highlighted potential risks and corresponding measures in the report, emphasizing the importance of risk awareness for investors[6]. - The company faces risks related to macroeconomic policy changes and economic slowdown, which could impact its metal materials manufacturing and sales business[110]. - Fluctuations in raw material prices, particularly for copper, steel, and zinc, pose a risk to the company's operations, potentially leading to inventory devaluation[111]. - The company emphasizes the importance of maintaining a competitive edge through strategic customer relationships and long-term contracts to mitigate raw material price risks[111]. - The competitive landscape in the high-end product market is intensifying, necessitating a focus on superior product quality and cost-effectiveness[112]. - Employee retention strategies are being implemented to address the risk of talent loss, including competitive compensation and incentive mechanisms[114]. Environmental Management - The company reported that wastewater discharge meets standards with parameters such as COD ≤ 200 mg/L and ammonia nitrogen ≤ 15 mg/L[137]. - The company has established a comprehensive environmental risk management system, ensuring that all pollution discharge concentrations are below national and local regulatory limits[141]. - The company has not experienced any environmental violations or accidents as of June 2021, adhering strictly to environmental impact assessments and related systems[141]. - The company is actively engaged in the comprehensive utilization of hazardous waste, signing contracts with qualified units for disposal and utilization[142]. - The company has implemented strict management protocols for solid waste, ensuring proper classification, storage, and disposal[142]. - The company operates wastewater treatment facilities that discharge treated water into municipal networks, with no exceedances reported[136]. - The company has multiple emission points for air pollutants, all of which comply with relevant emission standards[137]. - The company has established a solid waste management system to minimize waste generation and control environmental impacts[142]. - The company has been recognized as an "Environmental Integrity Enterprise" by the Anhui Provincial Ecological Environment Department for its commitment to environmental protection[155]. Corporate Governance and Compliance - The company has established a comprehensive internal control system to protect shareholder rights and ensure transparent information disclosure[156]. - The company has not engaged in any non-operating fund occupation by major shareholders or related parties during the reporting period[162]. - The company has not undergone any bankruptcy restructuring or significant litigation matters during the reporting period[168]. - The half-year financial report has not been audited, indicating a need for further financial scrutiny[165]. - The company has faced administrative penalties related to safety management responsibilities, including fines totaling RMB 484,505 for specific incidents[170]. - The total amount of related party transactions for the first half of 2021 was CNY 250,823.9 million, with no significant impact on the company's financial results[184]. - The company has established a safety assessment mechanism with third-party institutions to enhance safety standards across operations[178]. Subsidiary Performance - The subsidiary Qingyuan Chujian Copper Industry Co., Ltd. reported a net profit of CNY 40,670,992.48, contributing significantly to the company's overall profitability[92]. - The subsidiary Wuhu Chujian Hejin Copper Material Co., Ltd. generated a net profit of CNY 37,986,245.57 during the reporting period[92]. - The company’s subsidiary Anhui Chujian High-tech Electric Materials Co., Ltd. reported a net loss of CNY 58,563,841.05, indicating challenges in its operations[92]. Shareholder Returns - The company plans to continue utilizing futures market hedging to mitigate losses from price fluctuations in its production operations[87]. - The company is actively implementing a cash dividend policy to return value to shareholders, in line with its three-year shareholder return plan[156].

Financial Performance - The company's operating revenue for 2020 was ¥22,974,092,037.13, representing a 34.76% increase compared to ¥17,047,972,097.04 in 2019[26]. - The net profit attributable to shareholders for 2020 was ¥274,243,262.86, a decrease of 40.51% from ¥461,010,188.69 in 2019[26]. - The net cash flow from operating activities for 2020 was -¥418,721,874.15, a decline of 297.19% compared to ¥212,349,079.41 in 2019[26]. - The basic earnings per share for 2020 was ¥0.21, down 41.67% from ¥0.36 in 2019[26]. - The total assets at the end of 2020 were ¥11,245,466,892.13, an increase of 32.90% from ¥8,461,460,982.42 at the end of 2019[26]. - The net assets attributable to shareholders at the end of 2020 were ¥5,751,889,357.00, a 5.02% increase from ¥5,476,837,497.04 at the end of 2019[26]. - The company achieved a revenue of CNY 22,974.09 million in 2020, representing a year-on-year growth of 34.76%[61]. - The gross profit for the year was CNY 1.60 billion, representing a year-on-year increase of 22.25%[71]. - The net profit attributable to the parent company was CNY 274 million, a decrease of 40.51% year-on-year[71]. Operational Highlights - The company reported a quarterly operating revenue of ¥7,223,944,314.86 in Q4 2020, showing a consistent growth trend throughout the year[31]. - The company maintained a production capacity utilization rate of 100%, sales rate of 100%, and cash recovery rate of 100%[3]. - The company achieved a production volume of 234,500 tons of high-precision copper alloy strip in 2020, holding an 11.9% market share in China, the largest in the country[39]. - The total sales volume of various metal materials reached 700,200 tons, an increase of 19.07% compared to the previous year[63]. - The company has established over 30 marketing platforms nationwide, enhancing its ability to understand customer needs[3]. Research and Development - The company has a strong R&D capability with 8 external academicians and a high-quality technical team[53]. - The company focuses on high-performance carbon fiber composite materials, with significant technological advantages in precision manufacturing[52]. - The company's R&D investment increased by 50.29% from 536,422,949.93 CNY in 2019 to 806,172,214.53 CNY in 2020[95]. - The number of R&D personnel rose by 15.19%, from 1,126 in 2019 to 1,297 in 2020, representing 20.20% of the total workforce[95]. - The company has 582 valid patents as of the end of 2020, including 175 invention patents[65]. Strategic Initiatives - The company is committed to enhancing its core competitiveness and participating in global competition through continuous technological upgrades[36]. - The company aims to increase its market share to 25%-30% in the advanced copper-based materials sector as industry consolidation opportunities arise[39]. - The company is positioned as a core developer of special large thermal equipment for national aerospace and defense sectors, addressing critical supply chain challenges[44]. - The company is advancing the listing process for Dingli Technology, with preparations officially started on June 29, 2020[69]. - The company has made strategic acquisitions in the military new materials sector, enhancing its competitive advantage in carbon-carbon composite materials[141]. Market Trends and Outlook - The company anticipates strong demand growth for copper-based materials driven by emerging sectors such as renewable energy and electric vehicles[186]. - The demand for carbon fiber composite materials in China is experiencing rapid growth, driven by advancements in the national economy and the strategic importance of the defense industry[187]. - The market potential for high-performance composite materials in thermal equipment is estimated to reach 10.3 billion yuan by 2020[196]. - The carbon fiber composite materials market in the automotive sector is projected to become mainstream by 2025, according to Lux Research[192]. - The company aims for high-quality development to become an industry leader with a target compound annual growth rate (CAGR) of over 20% and a market share of over 30% for its leading products[197]. Financial Management - The company reported a significant increase in trading financial assets to ¥744,252,839.20, which is 6.62% of total assets, up from 5.75%, due to the temporary investment of raised funds in financial products[110]. - The total cash and cash equivalents increased by 798,357,010.66 CNY, a significant rise of 1,144.78% compared to the previous year[99]. - The company has committed a total of 389,533 million yuan to various investment projects, with 225,374.35 million yuan already utilized, indicating a utilization rate of approximately 57.8%[141]. - The company has temporarily supplemented working capital with RMB 17,900.00 million from the raised funds of the 2019 public convertible bond issuance[150]. - The company has identified advanced copper-based materials and new materials as its dual main business model, focusing on military-civilian dual-use carbon fiber[151].

Financial Performance - The company's operating revenue for Q1 2021 was ¥7,337,876,264.79, representing an increase of 88.09% compared to the same period last year[8]. - Net profit attributable to shareholders was ¥120,296,657.60, a significant turnaround from a loss of ¥94,163,518.93 in the previous year, marking a growth of 227.75%[8]. - The net profit after deducting non-recurring gains and losses was ¥90,634,548.34, compared to a loss of ¥109,758,312.75 last year, reflecting an increase of 182.58%[8]. - The basic earnings per share rose to ¥0.09 from a loss of ¥0.07, indicating a growth of 228.57%[8]. - Total profit reached ¥149,560,705.23, a 234.57% increase compared to the previous year, driven by project upgrades and improved product structure[26]. - Net profit for the period was ¥128,740,499.95, representing a 241.44% increase year-on-year, attributed to enhanced operational scale and product gross margin[26]. - The company expects a net profit attributable to shareholders of RMB 220 million for the first half of 2021, an increase of 260.08% compared to the same period last year[50]. - Basic earnings per share are projected to be RMB 0.16 for the first half of 2021, reflecting a growth of 220% year-on-year[50]. Assets and Liabilities - The total assets at the end of the reporting period were ¥11,957,861,964.97, up 6.33% from the end of the previous year[8]. - The net assets attributable to shareholders increased to ¥5,874,131,013.80, a rise of 2.13% compared to the previous year[8]. - Total current assets amounted to approximately CNY 7.58 billion, an increase of 8.23% from CNY 7.00 billion as of December 31, 2020[61]. - Total non-current assets reached approximately CNY 4.38 billion, an increase of 3.20% from CNY 4.24 billion[64]. - Total liabilities increased to approximately CNY 5.93 billion, up 10.85% from CNY 5.35 billion[67]. - The company's equity attributable to shareholders increased to approximately CNY 5.87 billion, up from CNY 5.75 billion, a growth of 2.20%[70]. - Long-term borrowings surged by 274.17% to ¥22,450,000.00, reflecting increased financing for technology upgrade projects[23]. Cash Flow - The net cash flow from operating activities was negative at -¥759,208,239.77, worsening by 393.82% from -¥153,740,357.80 in the same period last year[8]. - Cash flow from operating activities showed a negative net amount of ¥-759,208,239.77, a 393.82% decline, primarily due to increased working capital needs from business growth[26]. - The net cash flow from financing activities rose by 235.41% to ¥441,114,319.29, reflecting the company's increased financing scale due to business expansion[29]. - The cash inflow from operating activities totaled 2,178,652,560.14 CNY, a significant increase from 1,143,196,989.85 CNY year-over-year[101]. - The cash outflow from operating activities was 2,785,590,893.11 CNY, significantly higher than 1,432,673,565.59 CNY in the previous period[101]. Research and Development - R&D expenses increased by 128.78% to ¥231,017,274.17, reflecting the company's commitment to product development and optimization[26]. - Research and development expenses increased to ¥61,077,064.02, up from ¥37,633,173.02 in the previous period, indicating a focus on innovation[87]. Shareholder Information - The total number of shareholders at the end of the reporting period was 53,144, with the largest shareholder holding 32.37% of the shares[12]. - The company did not engage in any repurchase transactions during the reporting period[18]. - As of September 8, 2020, the company repurchased a total of 42,811,262 shares, accounting for 3.21% of the total share capital, with a total transaction amount of RMB 279,641,049.60[35]. - The company plans to use its own funds to repurchase shares with a total amount not less than RMB 150 million and not exceeding RMB 300 million, at a price not exceeding RMB 12 per share[35]. Operational Highlights - The company achieved a production and sales scale of 68,100 tons of copper strip and foil in Q1 2021, representing a year-on-year growth of 61.17%[45]. - The company anticipates continued growth in military materials and special equipment orders, contributing to future revenue increases[23]. - The company is progressing well with its military materials and special equipment business, with sufficient orders and continuous improvement in scale and performance[50]. Investment Activities - The company has no securities investments during the reporting period[37]. - The company engaged in derivative investments, including copper, zinc, steel, and tin futures contracts, with initial investment amounts of RMB 25,154.8 thousand, RMB 41.67 thousand, RMB 895.65 thousand, and RMB 26,092 thousand respectively[42]. - The total value of derivative investments at the end of the reporting period was RMB 15,000 thousand, with a loss of RMB 1,268.9 thousand[42]. - The company established a comprehensive risk control system for derivative investments, ensuring strict adherence to approved hedging plans[42]. - The company plans to conduct commodity futures and options hedging business in 2021 to mitigate losses from price fluctuations[44].

Financial Performance - Operating revenue for the reporting period was ¥6,356,151,798.65, representing a year-on-year growth of 33.80%[8]. - Net profit attributable to shareholders was ¥137,109,365.70, a slight increase of 1.13% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥105,108,327.19, up by 7.50% year-on-year[8]. - Basic earnings per share were ¥0.103, an increase of 0.98% year-on-year[8]. - Operating profit decreased by 41.57% to ¥247,096,690.03 compared to the previous year[27]. - Net profit fell by 40.56% to ¥217,963,118.80 year-on-year, with recovery in metal base material profitability[27]. - Total profit decreased by 41.05% to ¥247,315,591.97, reflecting a significant decline compared to the same period last year[27]. - The company’s net profit attributable to shareholders decreased by 44.37% to ¥198,207,494.35[27]. - The company reported a total profit of ¥166,506,926.60, compared to ¥163,221,771.93 in the previous period, representing an increase of 2.0%[92]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,067,648,277.84, an increase of 30.80% compared to the end of the previous year[8]. - The total current assets amounted to CNY 6,963,906,626.40, an increase from CNY 4,768,434,023.53 as of December 31, 2019, representing a growth of approximately 46.1%[70]. - The total liabilities reached ¥5,229,233,678.13, up from ¥2,863,808,563.02, marking an increase of around 83%[76]. - Current liabilities rose to ¥3,390,532,203.77 from ¥2,711,910,689.32, reflecting a growth of approximately 25%[76]. - Non-current assets totaled ¥4,103,741,651.44, compared to ¥3,693,026,958.89, indicating an increase of about 11%[79]. - The company’s total liabilities amounted to ¥2,711,910,689.32, remaining consistent with the previous period[135]. Cash Flow - The net cash flow from operating activities was -¥196,532,053.48, a decrease of 4.20% compared to the previous year[8]. - Cash flow from operating activities showed a significant decline of 96.26%, amounting to -¥784,535,050.27 due to increased inventory and accounts receivable[27]. - The net cash flow from financing activities increased by 125.23% to ¥2,103,938,026.22, primarily from the issuance of convertible bonds raising ¥1.816 billion[27]. - The cash inflow from financing activities totaled ¥4,068,000,323.56, significantly higher than ¥1,882,738,761.81 in the previous period[122]. - The cash and cash equivalents at the end of the period amounted to ¥892,170,285.25, up from ¥601,824,744.05 at the end of the previous period[122]. Investments and R&D - Research and development expenses increased by 60.75% to ¥533,106,307.35 from ¥331,631,910.21 year-on-year[24]. - The company reported a total initial investment of 6,775.27 million in derivative investments, with a net loss of 1,015.59 million during the reporting period[39]. - The intelligent thermal equipment and special composite materials industrialization project has seen a cumulative investment of 21,585.12 million, achieving 65.76% of the planned investment[45]. - The company has invested 18,880.44 million in fundraising projects during the reporting period, with a cumulative investment of 124,567.39 million[44]. Shareholder Information - The total number of shareholders at the end of the reporting period was 52,691, with the largest shareholder holding 32.37% of the shares[12]. - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[18]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[56]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥78,484,492.29 during the reporting period[11]. - The company received government subsidies related to non-operating activities, resulting in other income of ¥4,260,203.66, an increase of 100.15%[27]. Future Plans and Strategies - The company plans to continue expanding its production capacity and upgrading its copper alloy products, with an additional capacity of 75,000 tons per year[27]. - The company has conducted multiple investor communications, discussing recent operational conditions and future development strategies[57][60]. - The company has not provided specific future development strategies in the recent communications, suggesting a focus on operational performance[63].