Financial Performance - The company's operating revenue for Q3 2021 reached ¥209,845,395.78, representing a 207.97% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥14,404,289.18, a significant increase of 1,257.92% year-over-year[4] - The net profit after deducting non-recurring gains and losses was ¥13,066,188.26, reflecting a staggering increase of 3,572.73% compared to the previous year[4] - The basic earnings per share (EPS) was ¥0.0555, up 1,253.66% from the same period last year[4] - Revenue for the year-to-date reached CNY 545,010,738.93, a 187.50% increase compared to CNY 189,570,836.66 in the same period last year, driven by growth in lithium salt and lithium battery equipment businesses[7] - Net profit surged to CNY 41,828,493.25, marking a 3,299.28% increase from CNY 1,230,511.52 in the previous year[7] - The total profit for the period reached CNY 47,674,199.07, a 1,621.16% increase compared to a loss of CNY 3,134,078.57 in the previous year[7] - The total comprehensive income for the period attributable to shareholders was ¥27,081,991.67, compared to ¥3,730,490.40 in the previous year, reflecting overall financial improvement[22] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥1,149,399,487.34, an increase of 13.02% from the end of the previous year[4] - The company's total liabilities increased to RMB 412,306,450.57 from RMB 330,675,474.82, indicating a rise of approximately 25%[17] - The total liabilities of the company increased to RMB 485,637,235.64, compared to RMB 402,990,069.91 previously, showing an increase in financial obligations[20] - The company's expected liabilities increased by 1,286.70% to CNY 24,297,095.27 from CNY 1,752,156.76, due to new regulations regarding geological environmental protection and land reclamation funds[7] - The total assets increased from CNY 1,016,992,007.85 to CNY 1,026,254,986.60, reflecting a growth of approximately 0.25%[26] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥16,789,018.33, which is a 195.77% increase year-over-year[4] - Cash flow from operating activities was ¥522,976,929.28, significantly higher than ¥148,837,610.53 in the prior period, indicating improved cash generation[23] - The net cash inflow from operating activities was CNY 16,789,018.33, compared to a net outflow of CNY 17,531,297.43 in the previous year[24] - Total cash inflow from investment activities was CNY 10,180,450.00, while cash outflow was CNY 70,615,815.30, resulting in a net cash outflow of CNY 60,435,365.30[25] - Cash inflow from financing activities amounted to CNY 127,432,524.67, with cash outflow of CNY 76,754,803.47, leading to a net cash inflow of CNY 50,677,721.20[25] Shareholder Equity - Shareholders' equity attributable to the parent company was ¥594,302,656.97, showing a growth of 4.34% compared to the end of last year[4] - The total equity attributable to shareholders was ¥594,302,656.97, up from ¥569,591,224.16, indicating growth in shareholder value[20] - The company’s minority equity increased by 56.40% to CNY 69,459,594.73 from CNY 44,410,713.78, attributed to the transfer of a 10% stake in Dongguan Derui and increased profits from subsidiaries[7] Operational Metrics - The company reported a significant increase in accounts receivable, which rose by 64.84% to ¥229,593,415.03, primarily due to increased operating revenue[6] - Inventory levels increased by 73.30% to ¥111,864,741.30, driven by the rise in raw materials and finished goods for production[6] - Operating costs increased by 204.24% to CNY 418,363,172.00 from CNY 137,509,089.21, reflecting the rise in revenue[7] - Research and development expenses rose by 123.04% to CNY 20,015,995.40, up from CNY 8,974,103.43, reflecting increased investment in innovation[7] Regulatory and Project Developments - The company completed the first phase of its 20,000 tons/year lithium salt project and has entered the commissioning phase, with production timing dependent on actual conditions[12] - The company is progressing with the environmental impact assessment for the 250,000 tons/year lithium ore selection project, which was publicly disclosed in July 2021[15] - The company plans to raise RMB 330 million through a non-public issuance of shares to fund the lithium ore selection project, pending regulatory approval[13] Miscellaneous - The report for the third quarter was not audited, indicating a potential area for further scrutiny[30]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥335,165,343.15, representing a 176.01% increase compared to ¥121,432,328.08 in the same period last year[24]. - The net profit attributable to shareholders of the listed company reached ¥12,677,702.49, a significant increase of 374.87% from ¥2,669,729.75 in the previous year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,996,910.11, up 1,486.61% from ¥693,106.16 in the same period last year[24]. - The basic earnings per share were ¥0.0488, which is a 373.79% increase compared to ¥0.0103 in the previous year[24]. - The total assets at the end of the reporting period were ¥1,089,858,542.98, reflecting a 7.16% increase from ¥1,016,992,007.85 at the end of the previous year[24]. - The net assets attributable to shareholders of the listed company were ¥581,955,443.15, an increase of 2.17% from ¥569,591,224.16 at the end of the previous year[24]. - The net cash flow from operating activities was -¥16,769,065.82, showing an improvement of 8.25% compared to -¥18,276,856.62 in the same period last year[24]. - The weighted average return on net assets was 2.20%, an increase of 1.71 percentage points from 0.49% in the previous year[24]. Market and Industry Trends - In the first half of 2021, the production and sales of new energy vehicles in China reached 1.215 million and 1.206 million units, respectively, representing a year-on-year growth of 200%[39]. - The penetration rate of new energy vehicles increased from 5.4% at the beginning of the year to 9.4% in the first half of the year, with June's rate exceeding 12%[39]. - The demand for lithium resources is expected to grow significantly due to the rapid increase in new energy vehicle production and sales[52]. - The global lithium resource distribution shows that brine lithium accounts for 61% and rock lithium accounts for 26% of the total supply[33]. Lithium Resource and Production - The company has a lithium resource reserve of approximately 540,000 tons in China, with salt lake resources accounting for about 70% of the total[34]. - In the first half of 2021, the production capacity of the company's lithium mine reached 105,000 tons per year, with a processing capacity of 45,000 tons per year[35]. - The company has expanded its lithium mining operations, with a production capacity of 250,000 tons per year planned for its new lithium processing plant[62]. - The company has a lithium ore reserve of approximately 28.995 million tons, with a lithium oxide content of 412,273 tons, making it the largest lithium mine in Asia and the second largest globally[84]. - The company has established an annual open-pit mining capacity of 1.05 million tons and a mineral processing capacity of 450,000 tons per year, positioning it as the largest lithium mining enterprise in China[82]. Revenue Sources and Growth - Revenue from lithium salt processing and smelting surged to ¥173,235,165.35, representing 51.70% of total revenue, with a year-on-year growth of 349.67%[103]. - Revenue from lithium battery equipment manufacturing increased to ¥120,609,914.47, accounting for 35.98% of total revenue, reflecting a growth of 276.72% year-on-year[103]. - Lithium salt sales volume was 2,481 tons, with revenue of CNY 173 million, up 349.67% year-on-year[99]. - The lithium battery equipment business generated revenue of CNY 121 million, a year-on-year increase of 276.72%[99]. Strategic Investments and Partnerships - The company has made strategic investments to enhance its competitive position in the lithium supply chain, including partnerships and acquisitions[61]. - The company is focused on expanding its market presence in the lithium battery supply chain, which is critical for the growing demand in the electric vehicle sector[39]. Risks and Challenges - The company faces risks related to industry policy changes, COVID-19, and reliance on a few customers[6]. - The company acknowledges the potential for significant price volatility in lithium products due to market and economic conditions, which could adversely affect profitability[130]. - The company anticipates a gradual reduction in government subsidies for new energy vehicles, which may affect the overall market dynamics and its financial performance[128]. Environmental and Social Responsibility - The company is committed to adhering to safety and environmental regulations, with plans for regular equipment maintenance and employee training to minimize operational risks[137]. - The company actively engages in social responsibility initiatives, promoting harmony with the community and supporting social welfare[158]. - The company has established emergency response plans for environmental incidents, with revisions made in 2020[155]. Corporate Governance and Compliance - The company held four shareholder meetings during the reporting period, including one annual meeting and three extraordinary meetings, ensuring compliance with legal and regulatory requirements[159]. - The company has not faced any product quality complaints or regulatory actions during the reporting period, indicating strong quality management practices[162]. - The company has not engaged in any securities or derivative investments during the reporting period[115][116].

融捷股份有限公司 2021 年第一季度报告全文 融捷股份有限公司 2021 年第一季度报告 2021 年 04 月 1 融捷股份有限公司 2021 年第一季度报告全文 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。 公司负责人吕向阳、主管会计工作负责人朱道源及会计机构负责人(会计主 管人员)李振强声明：保证季度报告中财务报表的真实、准确、完整。 2 融捷股份有限公司 2021 年第一季度报告全文 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 | --- | --- | --- | --- | |----------------------------------------------------|------------------|------------------|--------------------------| | | | | 单位：元 | | | 本报告期 | 上 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[16] - The net profit attributable to shareholders was RMB 150 million, a decrease of 10% compared to the previous year[16] - The company's operating revenue for 2020 was ¥389,934,988.44, an increase of 44.53% compared to ¥269,797,293.27 in 2019[23] - The net profit attributable to shareholders for 2020 was ¥21,044,846.41, a significant turnaround from a loss of ¥326,132,395.72 in 2019, representing a growth of 106.45%[23] - The net cash flow from operating activities improved by 49.62%, reaching -¥14,522,313.43 in 2020 compared to -¥28,825,469.09 in 2019[23] - The basic earnings per share for 2020 was ¥0.0810, a recovery from -¥1.2560 in 2019, marking an increase of 106.45%[23] - The total assets at the end of 2020 were ¥1,016,992,007.85, reflecting a 25.51% increase from ¥810,300,312.85 at the end of 2019[23] - The net assets attributable to shareholders increased by 4.18% to ¥569,591,224.16 at the end of 2020, compared to ¥546,754,204.26 at the end of 2019[23] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[16] - The company is exploring potential mergers and acquisitions to enhance its supply chain capabilities[16] - The company aims to expand its lithium mining scale and achieve comprehensive utilization through strategic investments[32] - The company has signed investment agreements with the local government for the lithium mining project in Kangding, which is currently under construction[35] - The company plans to invest RMB 1.4 billion in the construction of the Kangding Green Lithium Industry Processing Zone, which includes a 1.05 million tons/year mining expansion and a 2.5 million tons/year lithium ore selection project, with a total construction period not exceeding 31 months[62] Research and Development - The company has allocated RMB 200 million for research and development in 2021, focusing on sustainable energy solutions[16] - The company’s research and development efforts led to the submission of 4 invention patent applications and 6 utility model applications during the reporting period[80] - The company aims to enhance R&D efforts and energy management in lithium salt and deep processing business to reduce production costs and improve product quality and efficiency[146] Lithium Industry Focus - The company has been involved in the lithium materials industry since 2009, focusing on lithium ore mining, lithium salt processing, and lithium battery equipment manufacturing[31] - The company has a lithium ore mining capacity of 1.05 million tons per year and a processing capacity of 450,000 tons per year[34] - The company holds mining rights for the Mijika lithium spodumene mine with a resource reserve of 28.995 million tons and an average grade exceeding 1.42%[33] - The company’s subsidiary, Ronda Lithium, is the only large-scale lithium spodumene mine in China that has entered the supply chain[34] - The company plans to increase lithium concentrate production capacity to 2.5 million tons per year, with an expected annual supply of approximately 470,000 tons of lithium concentrate upon project completion[35] Risks and Challenges - The company faces risks related to market price fluctuations and regulatory approvals for its non-public offerings[16] - The company is facing risks related to price fluctuations of lithium products, which are influenced by market supply and demand, global economic conditions, and national policy adjustments[64] - The company faces risks related to industry structure adjustments, sales price fluctuations, and reliance on a few customers, with corresponding measures in place to mitigate these risks[150] Corporate Governance and Shareholder Relations - The board has decided not to distribute cash dividends for the fiscal year 2020, opting to reinvest profits into growth initiatives[16] - The company commits to distributing at least 30% of its average distributable profits in cash over the last three years, provided the undistributed profits are positive[165] - The company has a long-term commitment to avoid any related party transactions unless necessary, ensuring fair and reasonable pricing in such transactions[164] - The company has established a long-term effective commitment to avoid conflicts of interest and ensure fair treatment of minority shareholders[165] Operational Highlights - The company maintained normal production operations during the pandemic and continued to advance project construction in the lithium battery materials industry chain[74] - The company achieved a production capacity of 1.05 million tons/year for open-pit mining, and the mining road project has been completed and transferred to fixed assets[62] - The company has established three wholly-owned project companies to facilitate the investment in the lithium processing zone, enhancing its operational capabilities[62] Financial Management - The company reported a significant reduction in sales expenses by 43.77% to $12,097,134.89, attributed to the implementation of new revenue standards[109] - The total cash and cash equivalents increased by 167.73% year-on-year, reaching 17,010,131.28 yuan[113] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[168] - The company has not proposed any cash dividend distribution for the past three years, with a net profit of -326.13 million yuan in 2019 and -7.04 million yuan in 2018[158]

[Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's management assures the authenticity and completeness of the quarterly report, taking full legal responsibility [Declaration of Report Authenticity](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The company's management affirms the report's truthfulness and completeness, assuming full legal responsibility - Management guarantees the report's **truthfulness, accuracy, and completeness**, assuming legal responsibility[5](index=5&type=chunk) - The company's head, chief accountant, and accounting department head all affirm the **financial statements' truthfulness, accuracy, and completeness**[6](index=6&type=chunk) [Company Overview](index=3&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E6%83%85%E5%86%B5) This section provides an overview of the company's key financial performance and shareholder structure for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company achieved a significant turnaround in Q1-Q3 2020, with net profit attributable to shareholders increasing by **108.26%** to **RMB 3.73 million**, largely due to non-recurring gains Key Financial Performance | Indicator | Year-Beginning to End of Reporting Period (2020.1.1-9.30) | Change from Prior Year Same Period | Current Reporting Period (2020.7.1-9.30) | Change from Prior Year Same Period | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue (RMB)** | 189,570,836.66 | -2.06% | 68,138,508.58 | 22.06% | | **Net Profit Attributable to Shareholders (RMB)** | 3,730,490.40 | 108.26% | 1,060,760.65 | 105.54% | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB)** | 316,854.58 | 100.69% | -376,251.58 | 98.03% | | **Net Cash Flow from Operating Activities (RMB)** | -17,531,297.43 | 66.95% | 745,559.19 | 110.48% | | **Basic Earnings Per Share (RMB/share)** | 0.0144 | 108.28% | 0.0041 | 105.56% | | **Weighted Average Return on Net Assets** | 0.68% | Increased 6.78 percentage points | 0.19% | Increased 2.82 percentage points | Non-recurring Gains and Losses | Item | Amount from Year-Beginning to End of Reporting Period (RMB) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -10,772.56 | Gains/losses from disposal of fixed assets | | Government Subsidies Recognized in Current Profit/Loss | 4,793,315.01 | Received government stability subsidies and Rongda Lithium subsidies | | Other Non-operating Income and Expenses | -142,134.58 | Rongda Lithium's external donations during the epidemic | | **Total Non-recurring Gains and Losses** | **3,413,635.82** | - | [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of period end, the company had **18,402** common shareholders; the largest shareholder holds **23.82%** (partially pledged) and acts in concert with a top-ten shareholder - The total number of common shareholders at the end of the reporting period was **18,402**[11](index=11&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Rongjie Investment Holding Group Co., Ltd. | 23.82% | 61,857,992 | Pledged 43,260,000 | | Ke Rongqing | 2.77% | 7,202,477 | - | | Fei Zhanjun | 1.71% | 4,453,000 | - | | Li Jing | 1.10% | 2,867,500 | - | | Zhang Changhong | 1.07% | 2,775,117 | - | - The largest shareholder, Rongjie Investment Holding Group Co., Ltd., has an associated relationship with the fifth largest shareholder, Zhang Changhong, acting as **parties in concert**[13](index=13&type=chunk) [Significant Events](index=6&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section highlights significant changes in the company's financial data and provides a forecast for the full year's operating performance [Analysis of Major Financial Data Changes](index=6&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) The company's balance sheet and income statement saw significant changes, with increased assets and liabilities, and a return to profitability driven by new sales and reduced investment losses Balance Sheet Item Changes | Balance Sheet Item | Change Rate | Main Reason | | :--- | :--- | :--- | | Construction in Progress | 473.49% | Increased engineering investment and construction by subsidiary Rongda Lithium | | Intangible Assets | 32.57% | Acquisition of land use rights for Kangding Green Lithium Industrial Processing Zone | | Long-term Equity Investments | 835.08% | Full payment of registered capital for Chengdu Rongjie Lithium | | Short-term Borrowings | 115.34% | New bank borrowings | | Long-term Borrowings | 100.00% | New bank borrowings | | Accounts Payable | 131.07% | Increase in land transfer fees payable and mining road construction payments | Income Statement Item Changes | Income Statement Item | Change Rate | Main Reason | | :--- | :--- | :--- | | Other Income | 437.00% | Receipt of government stability subsidies and asset-related government grants | | Investment Income | 99.29% | Significant reduction in recognized investment losses from associate companies compared to the prior year | | Net Profit | 102.54% | Increased profit sources from lithium concentrate sales; reduced investment losses from associate companies | [2020 Annual Operating Performance Forecast](index=7&type=section&id=%E5%85%AD%E3%80%81%E5%AF%B9%202020%20%E5%B9%B4%E5%BA%A6%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company forecasts a full-year turnaround to profitability for 2020, with cumulative net profit expected to range from **RMB 6 million to RMB 9 million**, a significant increase from the prior year's loss 2020 Annual Operating Performance Forecast | Item | Year-Beginning to End of Next Reporting Period (Forecast) | Prior Year Same Period | Change | | :--- | :--- | :--- | :--- | | Cumulative Net Profit (RMB million) | 6.00 -- 9.00 | -326.13 | Increase 101.84% -- 102.76% | - The primary reasons for the turnaround to profitability include: - **Significant increase in lithium concentrate sales revenue** compared to the prior year - **Substantial reduction in asset impairment losses** compared to the prior year - **Significant decrease in recognized investment gains/losses from associate companies** compared to the prior year[20](index=20&type=chunk) [Financial Statements](index=9&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section provides the consolidated financial statements, including the balance sheet, income statement, cash flow statement, and explanations of any adjustments [Consolidated Balance Sheet](index=9&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2020, total assets were **RMB 976 million** (up **20.51%**), total liabilities **RMB 383 million** (up **74.81%**), and parent company equity **RMB 552 million** (up **0.88%**) Consolidated Balance Sheet | Item | September 30, 2020 (RMB) | December 31, 2019 (RMB) | Change | | :--- | :--- | :--- | :--- | | **Total Assets** | **976,453,658.20** | **810,300,312.85** | **+20.51%** | | Total Current Assets | 307,358,975.09 | 320,150,288.39 | -4.00% | | Total Non-current Assets | 669,094,683.11 | 490,150,024.46 | +36.51% | | **Total Liabilities** | **382,866,612.90** | **219,017,313.26** | **+74.81%** | | **Total Equity Attributable to Parent Company Owners** | **551,570,979.91** | **546,754,204.26** | **+0.88%** | [Consolidated Income Statement (Year-Beginning to End of Reporting Period)](index=16&type=section&id=5%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1-Q3 2020, total operating revenue slightly decreased, but improved cost control and reduced investment losses led to a net profit attributable to parent company owners of **RMB 3.73 million**, a turnaround from a prior year loss Consolidated Income Statement | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | Change | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 189,570,836.66 | 193,565,608.36 | -2.06% | | II. Total Operating Costs | 197,352,799.83 | 230,997,940.06 | -14.57% | | III. Operating Profit | -4,554,022.69 | -57,439,735.48 | +92.07% | | IV. Total Profit | -3,134,078.57 | -56,568,433.18 | +94.46% | | V. Net Profit | 1,230,511.52 | -48,472,562.79 | +102.54% | | Net Profit Attributable to Parent Company Owners | 3,730,490.40 | -45,161,187.27 | +108.26% | [Consolidated Cash Flow Statement (Year-Beginning to End of Reporting Period)](index=19&type=section&id=7%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E8%A1%A8) In Q1-Q3 2020, net cash flow from operating activities significantly improved, with investing activities resulting in a net outflow and financing activities generating a net inflow, bringing cash and cash equivalents at period end to **RMB 9.76 million** Consolidated Cash Flow Statement | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -17,531,297.43 | -53,039,002.68 | | Net Cash Flow from Investing Activities | -60,801,631.31 | -37,520,021.59 | | Net Cash Flow from Financing Activities | 71,460,842.77 | 115,165,045.55 | | Net Increase in Cash and Cash Equivalents | -6,872,126.06 | 24,606,021.28 | | Cash and Cash Equivalents at Period End | 9,755,763.47 | 66,349,153.79 | [Notes on Financial Statement Adjustments](index=21&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E8%B0%83%E6%95%B4%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) Effective January 1, 2020, the company adopted new revenue recognition standards, reclassifying advances from customers to contract liabilities, an adjustment that did not impact total assets or net assets - The company first adopted new revenue recognition standards in **2020**, making retrospective adjustments to the opening financial statements[54](index=54&type=chunk) Financial Statement Adjustments | Item | Before Adjustment (Dec 31, 2019) | After Adjustment (Jan 1, 2020) | Adjustment Amount | | :--- | :--- | :--- | :--- | | Advances from Customers | 1,916,595.19 | 0.00 | -1,916,595.19 | | Contract Liabilities | 0.00 | 1,696,101.94 | +1,696,101.94 | | Taxes Payable | 8,055,425.68 | 8,275,918.93 | +220,493.25 |

Financial Performance - The company's operating revenue for the first half of 2020 was ¥121,432,328.08, a decrease of 11.84% compared to the same period last year[20]. - The net profit attributable to shareholders was ¥2,669,729.75, representing a significant increase of 110.27% from a loss of ¥26,005,849.35 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was ¥693,106.16, up 102.60% from a loss of ¥26,636,716.19 in the same period last year[20]. - The net cash flow from operating activities improved to -¥18,276,856.62, a 60.20% reduction in loss compared to -¥45,926,171.42 in the previous year[20]. - Basic and diluted earnings per share were both ¥0.0103, a turnaround from -¥0.1002 in the same period last year, marking an increase of 110.28%[20]. - The total profit amounted to -¥5,513,533.86, an increase of 81.96% year-on-year, while net profit was -¥391,553.33, up 98.52% year-on-year[46]. - The company achieved total revenue of ¥121,432,328.08, a year-on-year decrease of 11.84% due to reduced income from the lithium battery equipment business[46]. - The company reported a net loss of CNY 346,920,883.86, compared to a loss of CNY 349,590,613.61 in the previous period[184]. - The net profit for the first half of 2020 was CNY -391,553.33, compared to a net loss of CNY -26,385,171.49 in the same period of 2019, showing significant improvement[194]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥997,604,193.81, an increase of 23.12% from ¥810,300,312.85 at the end of the previous year[20]. - The total assets of the company increased by 23.12% year-on-year to ¥997,604,193.81, while net assets attributable to shareholders rose by 0.57% to ¥549,871,115.04[42]. - Total liabilities increased to CNY 406,269,886.29 from CNY 219,017,313.26, marking an increase of around 85%[182]. - Accounts payable increased to CNY 152,466,501.20 from CNY 71,506,373.40, reflecting a growth of about 113%[182]. - The company’s cash and cash equivalents decreased to CNY 13,843,539.15 from CNY 43,127,431.96, a decline of approximately 68%[185]. Revenue Breakdown - Revenue from the lithium battery equipment business fell by 63.71% year-on-year to ¥32,015,957.66, attributed to a slowdown in demand[49]. - The lithium salt and deep processing business generated revenue of ¥38,525,221.25, a decrease of 21.80% year-on-year due to market price declines and insufficient demand[49]. - Revenue from lithium mining and selection industry reached ¥50,710,916.29, with a gross margin of 61.27%[51]. - The company processed 16,000 tons of raw ore and produced 1,870 tons of lithium concentrate with a recovery rate of 74.77%[42]. Investments and Projects - The company signed a ¥1.4 billion investment agreement with the government of Kangding City to develop the Kangding Green Lithium Industry Park, which includes a 1.05 million tons/year mining expansion project[42]. - The company has increased its investment in the construction of the Rongda Lithium Industry project, contributing to the growth of its in-progress projects[34]. - The ongoing major non-equity investment projects include the 1.05 million tons/year mining expansion project with an investment of ¥91,246,654.06, currently at 40.43% completion[69]. - The company established three wholly-owned subsidiaries with a total investment of ¥160,000,000, focusing on lithium mining and processing[64]. Market and Industry Conditions - The company faced a 37.4% year-on-year decline in new energy vehicle sales, impacting the lithium product market negatively[83]. - The lithium product prices have been under pressure due to the reduction of subsidies and the COVID-19 pandemic, leading to a significant drop in sales[84]. - The company is exposed to risks related to reliance on a limited number of customers in the lithium mining sector, which could affect revenue stability[85]. - The company plans to adjust its operational strategies in response to market dynamics and government policies to mitigate risks[85]. Research and Development - The company has submitted 3 invention patent applications and 1 utility model application during the reporting period, with a total of 8 patents granted, indicating a strong focus on R&D in lithium battery equipment[39]. - Research and development investment decreased by 9.15% year-on-year to ¥6,213,746.28[46]. - The company will continue to invest in R&D to enhance technological advantages and product quality, aiming to improve product premium capabilities while exploring more cost-effective raw material suppliers to strengthen cost control and reduce production costs[86]. Environmental and Regulatory Compliance - The company has implemented dust control measures, achieving an emission standard of less than 100 mg/Nm3 for dust from the crushing and screening processes[136]. - The company has zero discharge of production wastewater, with all wastewater being recycled and reused[136]. - The company has established an environmental monitoring system for tailings and surface water quality, conducting quarterly external monitoring[138]. - The company has received environmental permits and passed inspections for its projects, ensuring compliance with local regulations[137]. Corporate Governance and Shareholder Information - The company’s stock was placed under "delisting risk warning" due to consecutive years of negative audited net profit for 2018 and 2019, effective from April 22, 2020[142]. - The total number of common shareholders at the end of the reporting period was 19,982, with a significant shareholder, Rongjie Investment Holding Group Co., Ltd., holding 23.82% of shares, totaling 61,857,992 shares[150]. - The company did not conduct any repurchase transactions among its top ten shareholders during the reporting period[160]. - The company has appointed Zhongxinghua Accounting Firm as its auditor for the 2020 financial report, following approval at the first extraordinary general meeting of 2020[142].

融捷股份有限公司 2020 年第一季度报告全文 融捷股份有限公司 2020 年第一季度报告 2020 年 04 月 1 融捷股份有限公司 2020 年第一季度报告全文 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。 公司负责人吕向阳、主管会计工作负责人吕向阳及会计机构负责人(会计主 管人员)李振强声明：保证季度报告中财务报表的真实、准确、完整。 2 融捷股份有限公司 2020 年第一季度报告全文 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 | --- | --- | --- | --- | --- | |--------|-----------------------------------------------------|-------------------------------|--------------------------------|-------------------- ...

Financial Performance - The company reported a significant increase in revenue for 2019, reaching RMB 1.2 billion, representing a year-on-year growth of 25%[12] - The company's operating revenue for 2019 was ¥269,797,293.27, a decrease of 29.53% compared to ¥382,866,740.21 in 2018[19] - The net profit attributable to shareholders for 2019 was -¥326,132,395.72, representing a significant decline of 4,534.98% from -¥7,036,332.95 in 2018[19] - The net cash flow from operating activities was -¥28,825,469.09 in 2019, a decrease of 275.02% compared to ¥16,469,829.47 in 2018[19] - The basic earnings per share for 2019 was -¥1.2560, a decline of 4,534.69% from -¥0.0271 in 2018[19] - The total assets at the end of 2019 were ¥810,300,312.85, down 24.82% from ¥1,077,778,378.58 at the end of 2018[19] - The net assets attributable to shareholders decreased by 28.31% to ¥546,754,204.26 at the end of 2019 from ¥762,622,998.45 in 2018[19] - The company reported a weighted average return on equity of -54.40% in 2019, a decrease of 53.48 percentage points from -0.92% in 2018[19] - The total profit was -¥317,912,223.16, representing a year-on-year decrease of 4,169.65%[72] - Net profit reached -¥338,978,795.14, a year-on-year decrease of 7,703.50%[72] Market and Customer Base - User data indicates a growing customer base, with an increase of 15% in active users compared to the previous year[12] - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2022[12] - Future outlook includes exploring partnerships with electric vehicle manufacturers to drive demand for lithium products[12] - The total sales amount from the top five customers reached ¥193,593,722.04, accounting for 71.76% of the annual total sales[98] - The first customer, BYD (including its subsidiaries), contributed 30.44% to the annual sales total[98] Product Development and Innovation - New product development includes the launch of a lithium battery technology that is expected to enhance energy efficiency by 10%[12] - The company has expanded its business into lithium battery equipment production and smart technology sectors through acquisitions and new subsidiaries[19] - The company is focusing on continuous R&D investment to improve technology and product quality while reducing production costs[56] - The company’s subsidiary, Chengdu Rongjie Lithium Industry, is under construction, with the first phase of the lithium salt project expected to be completed and operational by 2020[58] Operational Challenges and Risks - The company faces potential risks including price volatility in lithium products and reliance on a limited number of customers[4] - The company is facing risks related to external environmental factors, industry structural adjustments, and price fluctuations in lithium products, which could impact its operations[52][53][54] - The company has experienced operational losses in its nickel-cobalt-lithium wet smelting and deep processing business due to declining prices in the lithium-cobalt industry[59] - The company has seen a downward trend in the prices of lithium battery cathode materials, which are influenced by the lithium-cobalt market[60] Strategic Initiatives - A strategic acquisition of a lithium mining company is in progress, which is expected to increase resource availability by 30%[12] - The company aims to enhance its competitive edge in the lithium salt segment through strategic investments and partnerships[28] - The company has established a profit-sharing mechanism with the Ganzi government to support lithium resource development[29] - The company is actively expanding its market presence and enhancing sales capabilities to increase market share[56] Financial Management and Investments - The company will not distribute cash dividends or issue bonus shares for the fiscal year 2019, focusing instead on reinvestment[5] - The company has initiated pre-expansion work to increase production capacity, with an environmental assessment for a 1.05 million tons/year open-pit mining expansion project approved[51] - The company plans to invest RMB 1.4 billion in the construction of the Kangding Green Lithium Industry Processing Zone, which includes a 1.05 million tons/year mining expansion project and a 2.5 million tons/year lithium concentrate project[51] - The company is strengthening cooperation with major clients like BYD and expanding its market share for key products, while increasing R&D investment to enhance product quality and stability[142] Environmental and Safety Commitments - The company is committed to enhancing its environmental safety measures in lithium mining operations to mitigate associated risks[4] - The company is committed to maintaining safety and environmental standards while ensuring efficient production and cost reduction[51] Regulatory and Compliance Issues - The company faces a delisting risk as it reported negative net profits for two consecutive years (2018 and 2019), which may lead to stock trading being suspended if the trend continues in 2020[168] - The company has a long-term commitment to comply with relevant regulations from the China Securities Regulatory Commission and the Shenzhen Stock Exchange[154] - The company has not faced any penalties or rectification issues during the reporting period[172] Corporate Governance - The company has committed to ensuring the independence of its subsidiaries in terms of business, assets, finance, personnel, and organization[153] - The company has a performance compensation agreement that will be fulfilled before the lock-up period ends[155] - The company will provide special explanations to shareholders if it cannot meet the profit distribution commitment due to special reasons[156]

融捷股份有限公司 2019 年第三季度报告全文 融捷股份有限公司 2019 年第三季度报告 2019 年 10 月 1 融捷股份有限公司 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。 公司负责人吕向阳、主管会计工作负责人吕向阳及会计机构负责人(会计主 管人员)李振强声明：保证季度报告中财务报表的真实、准确、完整。 2 融捷股份有限公司 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------------|-------------------------|-------------------------------|---------- ...

Financial Performance - The company's operating revenue for the first half of 2019 was ¥137,739,776.76, a decrease of 27.39% compared to ¥189,706,187.38 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was -¥26,005,849.35, representing a significant decline of 728.66% from -¥3,138,320.28 in the previous year[19]. - The basic earnings per share were -¥0.1002, a decline of 728.10% compared to -¥0.0121 in the same period last year[19]. - The diluted earnings per share were also -¥0.1002, reflecting the same percentage decline as the basic earnings per share[19]. - The total comprehensive loss for the first half of 2019 was CNY 26,385,171.49, compared to CNY 4,545,344.09 in the first half of 2018[194]. - The company reported a net loss of CNY 49,275,770.97, widening from a loss of CNY 23,269,921.62 in the previous period[187]. - The company expects a net profit loss for the first three quarters of 2019, with a projected net profit range of -45 million to -36 million yuan[87]. Cash Flow and Assets - The net cash flow from operating activities was -¥45,926,171.42, which is a 7.75% increase in cash outflow compared to -¥42,623,081.82 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,167,894,721.42, an increase of 8.36% from ¥1,077,778,378.58 at the end of the previous year[19]. - The company's cash and cash equivalents increased to CNY 90,548,563.83, accounting for 7.75% of total assets, up from 4.07% the previous year[64]. - The net increase in cash and cash equivalents was RMB 20,699,242.76, a decrease of 36.66% from RMB 32,678,889.54 in the same period last year[51]. - The company's total equity decreased to CNY 934,383,360.02 from CNY 952,246,393.21 at the end of 2018[191]. - The company's inventory increased to CNY 74,340,946.50, representing 6.37% of total assets, up from 5.02% the previous year, mainly due to increased sales of lithium salt products[64]. Operational Highlights - Runda Lithium, a wholly-owned subsidiary, has a mining capacity of 1.05 million tons per year and resumed production in June 2019 after a period of suspension[30]. - The lithium salt and deep processing business is currently under construction, with the first phase expected to be completed in 2019[31]. - The company achieved total revenue of ¥137,739,776.76, a year-on-year decrease of 27.39%[44]. - The revenue from lithium salt processing and smelting increased by 57.15% to RMB 49,263,854.04, compared to RMB 31,348,379.75 in the previous year[56]. - The precision equipment manufacturing industry saw revenue increase to CNY 88,221,056.31, a 107.63% year-on-year growth, but the gross margin fell by 16.20% to 22.84% due to increased competition and rising costs[62]. Risks and Challenges - The company faces risks related to safety and environmental protection, industry structure adjustments, reliance on a few customers, and fluctuations in product sales prices[5]. - The company’s lithium salt and deep processing business faced challenges due to falling lithium prices, impacting profitability[45]. - The decline in cobalt product prices has led to substantial losses for equity investees Hefei Metals and Hefei Energy, significantly reducing investment income[85]. - The company faces risks related to environmental safety, market price fluctuations, and reliance on a few customers in the lithium battery materials industry[86]. Research and Development - Research and development expenses increased by 11.22% to RMB 6,839,264.68 compared to RMB 6,149,291.12 in the previous year[51]. - Dongguan Derui, the company’s lithium battery equipment platform, submitted 29 patent applications during the reporting period, with 4 patents granted[41]. - The company will continue to invest in R&D to improve product quality and reduce production costs, enhancing market competitiveness[88]. Environmental Compliance - The company reported that the total emission of particulate matter from the natural gas boiler is 0.135 tons for the first half of 2019, complying with the emission standards[135]. - The company’s wastewater treatment facilities ensure that all production wastewater is reused and not discharged[136]. - The company has established emergency response plans for environmental incidents at both the mining and processing facilities[138]. - The company has not reported any significant environmental incidents during the reporting period[138]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,435[151]. - Chairman and President Lv Xiangyang increased his shareholding by 713,300 shares, with 534,975 shares being locked under management regulations[149]. - The total number of shares increased from 259,655,203 to 259,655,203, with limited shares rising from 22,663,459 to 23,198,434[148].