Financial Performance - The company's operating revenue for the first half of 2022 reached ¥986,863,852.09, representing a 194.44% increase compared to the same period last year[26]. - The net profit attributable to shareholders of the listed company was ¥576,073,126.14, a significant increase of 4,443.99% year-on-year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥573,203,175.91, up 5,112.40% from the previous year[26]. - The net cash flow from operating activities was ¥246,339,701.03, a turnaround from a negative cash flow of ¥16,769,065.82 in the same period last year, marking a 1,569.01% increase[26]. - The basic earnings per share reached ¥2.2186, compared to ¥0.0488 in the previous year, reflecting a 4,446.31% increase[26]. - The diluted earnings per share also stood at ¥2.2186, showing the same percentage increase as the basic earnings per share[26]. - The weighted average return on net assets was 61.66%, an increase of 59.46 percentage points compared to the previous year[26]. - Total assets at the end of the reporting period were ¥1,810,761,003.49, a 33.30% increase from the end of the previous year[26]. - The net assets attributable to shareholders of the listed company were ¥1,223,913,444.57, representing an 89.38% increase year-on-year[26]. Market and Industry Trends - The total sales of new energy vehicles reached approximately 2.6 million units in the first half of 2022, representing a year-on-year increase of 115.0%[41]. - The cumulative installed capacity of power batteries in China reached 110.1 GWh in the first half of 2022, with a year-on-year growth of 109.8%[41]. - The average price of battery-grade lithium carbonate and lithium hydroxide increased by 71.35% and 123.65% respectively by the end of June 2022 compared to the beginning of the year[41]. - The price of lithium spodumene reached approximately $4,970 per ton by the end of June 2022, a 131.2% increase since the beginning of the year[41]. - The market share of new energy vehicles reached 23.8% in June 2022, continuing a trend of rapid growth[38]. - The company is focused on expanding its market presence in the lithium battery supply chain, driven by strong demand in the new energy sector[38]. Production and Capacity - The lithium hydroxide production in China reached 102,000 tons in the first half of 2022, reflecting a year-on-year increase of 25.2%[50]. - The production capacity of the Makiika 134 mine in Sichuan is 1.05 million tons per year, with a processing capacity of 450,000 tons per year[45]. - The company aims to supply approximately 470,000 tons of lithium concentrate annually from the 2.5 million tons per year lithium mining project at Yuanyang Dam once operational[58]. - The company has a lithium salt processing capacity of 3,000 tons for battery-grade lithium carbonate and 1,800 tons for lithium hydroxide at Changhe Huari[59]. - The company has established a green lithium industry park project in Kangding, which is expected to enhance its lithium resource development and industry chain extension[56]. Research and Development - The company’s R&D investment increased by 81.46% to 21.51 million yuan, indicating a focus on innovation[93]. - The company has a strong customer stickiness in the lithium battery equipment sector due to high precision and stability requirements, leading to a more certain development trend for equipment manufacturers[53]. - The company is focused on expanding its lithium resource development and processing capabilities to maintain competitiveness in the growing lithium battery market[54]. Environmental and Social Responsibility - The company has implemented ecological restoration measures covering approximately 300,000 square meters in its mining area, adhering to sustainable development principles[58]. - The company emphasizes environmental protection and has implemented ecological restoration work according to the principle of "protecting while developing"[156]. - The company has engaged in social welfare activities, sponsoring the Ganzi Prefecture全民健身篮球联赛 to promote public health and local economy[156]. - The company adheres to environmental standards and has implemented measures to ensure compliance with pollution discharge limits[141]. Risks and Challenges - The company is facing risks related to changes in industrial policies, particularly in the lithium battery sector, which could adversely affect its performance[123]. - The ongoing COVID-19 pandemic poses a risk to the company's operations, with potential impacts on financial performance[126]. - The company faces a risk of dependency on a few major customers for its lithium concentrate products, primarily concentrated in Sichuan and the eastern coastal regions, which may impact business operations[127]. - The lithium mining operations are subject to external environmental risks due to complex natural and socio-economic conditions in the high-altitude region[128]. Related Party Transactions and Financial Support - The company’s related party transactions amounted to 76,825.32 million yuan, with a significant portion involving lithium products[171]. - The company received financial support from the controlling shareholder, Rongjie Group, amounting to 40 million CNY during the reporting period, with an interest of 10.17 million CNY generated[181]. - The total guarantee amount approved for the company and its subsidiaries was 700 million CNY, with an actual guarantee amount of 40 million CNY utilized during the reporting period[181].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 25%[17]. - The net profit attributable to shareholders was RMB 300 million, an increase of 15% compared to the previous year[17]. - The company's operating revenue for 2021 was ¥920,597,597.28, representing a 136.09% increase compared to ¥389,934,988.44 in 2020[24]. - The net profit attributable to shareholders for 2021 was ¥68,289,424.55, a significant increase of 224.49% from ¥21,044,846.41 in 2020[24]. - The net cash flow from operating activities reached ¥120,359,830.05, a remarkable increase of 928.79% compared to -¥14,522,313.43 in 2020[24]. - The basic earnings per share for 2021 was ¥0.2630, up 224.69% from ¥0.0810 in 2020[24]. - The company achieved total revenue of 920,597,597.28 CNY in 2021, a year-on-year increase of 136.09%[128]. - Net profit for the year reached 8,830.79 CNY, representing a 322.18% increase compared to the previous year[127]. Production and Capacity Expansion - The company plans to expand its lithium production capacity by 30% in the next fiscal year to meet growing market demand[17]. - The company aims to achieve an annual production capacity of 250,000 tons of lithium ore by mid-2022, with the main project construction expected to start soon[185]. - The company plans to produce 20,000 tons of lithium salt in the first phase of its joint venture lithium salt plant, which began trial production on January 1, 2022, with full production targeted for the second quarter[186]. - The company’s lithium concentrate production is primarily conducted through its subsidiaries, Rongda Lithium Industry and Kangding Rongjie Lithium Industry[38]. - The company has a lithium mining capacity of 1.05 million tons per year and a mineral processing capacity of 450,000 tons per year, with a total resource reserve of 28.995 million tons and an average grade exceeding 1.42%[86]. Research and Development - The company has invested RMB 100 million in R&D for new lithium extraction technologies, aiming to improve efficiency by 10%[17]. - The company has a nearly 100-person R&D team at Dongguan Derui Lithium Battery Equipment, showcasing strong technical capabilities and competitiveness in the high-end lithium battery equipment market[78]. - R&D expenses increased by 173.01% to ¥35,212,674.82 in 2021 from ¥12,897,942.82 in 2020[155]. - The number of R&D personnel increased by 86.84% to 142 in 2021 from 76 in 2020[155]. - The company completed several R&D projects aimed at enhancing product competitiveness and production efficiency, including multi-layer baking fixtures and intelligent liquid injection machines[151]. Market Trends and Demand - Future guidance estimates a revenue growth of 20% for 2022, driven by increased sales and market expansion efforts[17]. - The cumulative installed capacity of lithium-ion batteries for energy storage in China is expected to reach 98.6 million kilowatts by 2025, representing a growth of 721% compared to 2020[51]. - The demand for lithium in power batteries is projected to grow from 132,900 tons LCE equivalent in 2020 to 668,900 tons LCE equivalent by 2025, with a compound annual growth rate of 38.2%[50]. - The explosive growth in downstream demand for lithium batteries is expected to continue driving the company's performance[118]. - The company is positioned to benefit from the increasing market demand for new energy vehicles and the associated growth in the lithium industry due to favorable government policies and market trends[75]. Risks and Challenges - The management highlighted risks including price volatility in lithium markets and reliance on a limited number of customers[5]. - The company faces a risk of dependence on a limited number of customers, particularly in the lithium concentrate sector, which is concentrated in Sichuan and the eastern coastal regions[196]. - The ongoing COVID-19 pandemic poses a risk to the company’s operational performance, with potential impacts on business and financial conditions[192]. - The company acknowledges safety and environmental risks associated with lithium mining, including natural disasters and equipment failures, which may increase operational costs due to stricter environmental regulations[198]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings[17]. - The company aims to enhance its environmental sustainability practices in line with industry standards[17]. - The company is committed to creating a national-level green mine and aims for 240 effective production days in 2022[184]. - The company is actively pursuing government project and industry support funds for its lithium ore selection project, although such funding has inherent uncertainties[190]. - The company plans to closely monitor national policies and market dynamics to adjust its operational strategies and production planning accordingly[200].

Financial Performance - The company's operating revenue for Q1 2022 was ¥477,886,387.41, representing a 339.46% increase compared to the same period last year[3] - Net profit attributable to shareholders reached ¥254,038,420.22, a staggering increase of 13,996.26% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥252,592,847.14, up 19,078.87% from the previous year[3] - Basic earnings per share were ¥0.9784, reflecting a 14,079.71% increase compared to the same period last year[3] - The total profit for the period was CNY 280.14 million, reflecting a 9,688.62% increase from CNY 2.86 million in Q1 2021[13] - Net profit for Q1 2022 was CNY 268.05 million, marking a dramatic increase of 10,402.71% from CNY 2.55 million in Q1 2021[13] - The company achieved total revenue of 478 million yuan, a year-on-year increase of 339.46%[18] - The total profit reached 280 million yuan, up 9,688.62% year-on-year, while net profit was 268 million yuan, increasing by 10,402.71%[18] Assets and Equity - Total assets at the end of the reporting period amounted to ¥1,583,030,651.73, a 16.54% increase from the end of the previous year[3] - Shareholders' equity attributable to the parent company was ¥900,696,370.14, up 39.37% from the previous year[3] - Total assets increased to 1.583 billion yuan, a rise of 16.54% since the beginning of the year, while net assets attributable to shareholders grew by 39.37% to 900 million yuan[18] Cash Flow - Cash flow from operating activities was ¥22,382,110.34, a 6.54% increase compared to the same period last year[3] - The net cash flow from operating activities was 22,382,110.34, an increase from 21,007,280.43 in the previous year[34] - The company reported a net cash flow from financing activities of -CNY 3.19 million, a decrease of 116.32% from CNY 19.56 million in the previous year[13] - The total cash outflow from operating activities amounted to 552,476,644.30, compared to 136,546,522.45 in the same period last year[34] - The company’s total cash flow decreased by 14,477,598.43 compared to a decrease of 3,997,184.24 in the previous year[34] Investment and R&D - Long-term equity investments surged by 589.72% to ¥182,601,841.38, primarily due to significant profits from the joint venture Chengdu Rongjie Lithium Industry[11] - Research and development expenses increased by 85.37% to CNY 8.08 million, up from CNY 4.36 million in the same quarter last year[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[29] Market and Operations - The company confirmed that the significant increase in profits was driven by the rising demand for lithium materials and equipment in the lithium battery industry[13] - The company sold approximately 3,000 tons of lithium concentrate, generating revenue of about 17.73 million yuan, a 30.96% increase year-on-year[18] - Lithium salt production and processing reached approximately 1,000 tons, with sales of about 1,300 tons, resulting in revenue of 382 million yuan, a 477.02% increase[18] - The lithium battery equipment manufacturing business generated revenue of 76.95 million yuan, up 165.47% year-on-year[18] - The company’s lithium mining operations resumed production on March 8, with a total stripping volume of 24,600 tons and raw ore output of 27,000 tons during the reporting period[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 33,410, with no preferred shareholders[14] - The largest shareholder, Rongjie Investment Holding Group Co., Ltd., held 23.72% of the shares, totaling 61,602,992 shares[15]

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 | --- | --- | --- | --- | --- | |--------|-----------------------------------------------------|-------------------------------|--------------------------------|-------------------- ...