宜宾天原集团股份有限公司 2022 年第三季度报告 宜宾天原集团股份有限公司 2022 年三季度报告 证券代码（002386） 2022 年 10 月 1 宜宾天原集团股份有限公司 2022 年第三季度报告 证券代码：002386 证券简称：天原股份 公告编号：2022-081 宜宾天原集团股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 2 宜宾天原集团股份有限公司 2022 年第三季度报告 会计政策变更 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 | --- | --- | --- | --- | --- | --- | --- ...

宜宾天原集团股份有限公司 2022 年半年度报告全文 宜宾天原集团股份有限公司 2022 年半年度报告 2022 年 08 月 1 宜宾天原集团股份有限公司 2022 年半年度报告全文 第一节 重要提示、目录和释义 | --- | --- | |--------------------------------------------|--------------------------------------------------------------------| | | | | | 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 | | 个别和连带的法律责任。 | 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 | | | 公司负责人罗云、主管会计工作负责人田英及会计机构负责人(会计主管 | | | 人员)肖朝钢声明：保证本半年度报告中财务报告的真实、准确、完整。 | | 所有董事均已出席了审议本报告的董事会会议。 | | | | 公司计划不派发现金红利，不送红股，不以公积金转增股本。 | 2 宜宾天原集团股份有限公司 2022 年半年度报告全文 目录 | --- ...

宜宾天原集团股份有限公司 2022 年第一季度报告全文 重要内容提示: 宜宾天原集团股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 1 证券代码：002386 证券简称：天原股份 公告编号：2022-022 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|---------------------------| | □ 是 √ 否 | 本 ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥18.82 billion, a decrease of 13.03% compared to ¥21.65 billion in 2020[22]. - The net profit attributable to shareholders increased significantly to approximately ¥641.07 million, representing a growth of 453.23% from ¥115.88 million in 2020[22]. - The net profit after deducting non-recurring gains and losses reached approximately ¥625.85 million, up 796.58% from ¥69.80 million in the previous year[22]. - The net cash flow from operating activities was approximately ¥1.09 billion, an increase of 38.28% compared to ¥788.65 million in 2020[22]. - Basic earnings per share rose to ¥0.8210, reflecting a 453.23% increase from ¥0.1484 in 2020[22]. - The total assets at the end of 2021 were approximately ¥15.90 billion, an increase of 7.79% from ¥14.75 billion at the end of 2020[22]. - The net assets attributable to shareholders increased to approximately ¥5.65 billion, up 11.97% from ¥5.05 billion at the end of 2020[22]. - The weighted average return on equity was 12.00%, a significant increase from 2.32% in 2020[22]. Strategic Development - The company continues to focus on its development strategy of "one body and two wings," emphasizing chlor-alkali chemicals and new energy battery materials[15]. - The company is focusing on R&D investments to develop new patented products in response to industry risks and rising raw material prices[38]. - The company is focusing on the "one body, two wings" development strategy, emphasizing the advancement of high-function materials and lithium battery materials[41]. - The company has established a strategic cooperation agreement with Ningde Times, resulting in a revenue increase of 6.3 times and a net profit increase of 14 times for its important subsidiary, Yibin Lithium[43]. - The company has established a strategic focus on the lithium battery and new chemical materials industries as part of its long-term growth plan[106]. Production and Capacity - The company achieved a production completion rate of 97% for polyvinyl chloride (PVC) at 401,700 tons in 2021[110]. - The company produced 39,540 tons of caustic soda, completing 95% of its annual plan[110]. - The company plans to produce 300,000 tons of lithium iron phosphate and 400,000 tons of chlorinated titanium dioxide as part of its "14th Five-Year" development strategy[107]. - The company is currently expanding its production capacity with a project involving the construction of a facility for producing 50,000 tons of chlorinated titanium dioxide, with a total investment of ¥366,156,720.98[94]. Research and Development - Research and development expenses increased by 46.62% to approximately ¥228.61 million, driven by enhanced product refinement efforts[75]. - The company has integrated its R&D resources to establish the Tianyuan Science and Technology Innovation Group, focusing on new product development and technological breakthroughs[54]. - The company has signed cooperation agreements with over 10 renowned research institutions and universities to enhance its technological innovation capabilities[54]. - R&D investment increased by 33.46% to ¥244,776,419.32 in 2021, representing 1.30% of total revenue, up from 0.85% in 2020[78]. Environmental Management - In 2021, the company achieved compliance in wastewater, waste gas, and noise emissions, with all solid waste disposed of in accordance with regulations[185]. - The company has established a comprehensive environmental risk management system and conducted 9 company-level and 23 plant-level emergency drills in 2021, achieving zero environmental pollution incidents[188]. - The company has implemented advanced pollution control technologies, including high-efficiency composite bag dust collectors and SNCR denitrification systems, achieving ultra-low emissions of pollutants[186]. - The company maintained a 100% compliance rate for environmental management in construction projects, ensuring simultaneous design, construction, and operation of environmental facilities[200]. Corporate Governance - The company has a total of 11 directors, including 4 independent directors with expertise in accounting, law, and finance[122]. - The company maintains complete independence from its controlling shareholder in terms of personnel, assets, finance, and operations[121]. - The company has established a comprehensive internal control system that effectively guides and supervises its operational decisions[127]. - The company has a diverse board with members holding various positions in other organizations, enhancing its governance[156]. Market Expansion and Innovation - The company is actively pursuing smart manufacturing initiatives, integrating industrial internet and big data technologies to enhance operational efficiency[56]. - The company is investing 100 million yuan in R&D for new technologies aimed at enhancing production efficiency and sustainability[153]. - Market expansion plans include entering two new provinces, targeting a 15% market share in those regions by the end of 2022[153]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan allocated for potential mergers and acquisitions[153]. Financial Position and Investments - The company reported a total revenue of 1.5 billion yuan for the fiscal year 2021, representing a year-over-year increase of 12%[153]. - The total distributable profit for the company was 1,280,568,248.87 CNY, indicating a strong profitability position[174]. - The company reported a cash dividend of 2.75 CNY per 10 shares, totaling 214,735,679.67 CNY, which represents 100% of the total profit distribution[174]. - The company has maintained effective internal controls across all significant aspects, ensuring compliance with relevant laws and regulations[176].

宜宾天原集团股份有限公司 2022 年第一季度报告全文 宜宾天原集团股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声 明：保证季度报告中财务信息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |--------|-----------------------------------------------------|-------------------|------------------|---------------------------| | | | 本报告期 | 上年同期 | 本报告期比上年同期增 减 | | ...

宜宾天原集团股份有限公司 2021 年第三季度报告 1 证券代码：002386 证券简称：天原股份 公告编号：2021-082 宜宾天原集团股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重 大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|-------------------------|--------------------------|---- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 8,873,488,835.37, representing a 2.14% increase compared to CNY 8,687,345,098.04 in the same period last year[19]. - The net profit attributable to shareholders was CNY 310,997,171.97, a significant increase of 821.07% from a loss of CNY 43,129,985.06 in the previous year[19]. - The net profit after deducting non-recurring gains and losses reached CNY 298,052,864.38, compared to a loss of CNY 47,191,697.01 in the same period last year, marking a 731.58% increase[19]. - The net cash flow from operating activities was CNY 512,268,751.62, up 115.55% from CNY 237,659,332.34 in the previous year[19]. - Basic earnings per share were CNY 0.3983, a substantial increase of 821.56% from a loss of CNY 0.0552 per share in the same period last year[19]. - Total assets at the end of the reporting period were CNY 16,368,897,537.23, reflecting a 10.97% increase from CNY 14,750,844,759.35 at the end of the previous year[19]. - The net assets attributable to shareholders increased to CNY 5,351,716,496.65, up 6.04% from CNY 5,046,949,975.83 at the end of the previous year[19]. - The weighted average return on equity was 5.98%, a significant improvement from -0.87% in the same period last year, representing a 6.85% increase[19]. Market and Industry Insights - The company is the largest chlor-alkali enterprise in Southwest China, focusing on a circular economy and expanding into titanium and lithium battery materials[26]. - Chlor-alkali industry has entered a stable growth phase, with a focus on energy efficiency and environmental protection, aligning with national carbon neutrality goals[27]. - PVC prices have continued to rise, contributing to significant operational improvements and exceeding performance expectations during the reporting period[28]. - The demand for high-end titanium dioxide is increasing, driven by domestic economic growth and a shift towards high-quality products[30]. - The global lithium battery market is expected to reach a trillion-level market size, with significant growth driven by the explosive increase in the new energy vehicle industry[37]. - The penetration rate of new energy vehicles in China remains low, indicating substantial consumer potential and opportunities for the entire industry chain[37]. Strategic Initiatives and Projects - The company is advancing its chlorinated titanium dioxide project, with a production capacity of 100,000 tons per year expected upon completion of the second phase[31]. - The company is actively expanding its market presence, establishing over 10 sales branches in Sichuan and targeting strategic partnerships with state-owned enterprises[36]. - The company has a project reserve of approximately 500 million yuan, indicating strong future growth potential[36]. - The company is focusing on technological innovation to enhance its product offerings, including antibacterial and fire-resistant flooring solutions[35]. - The company is currently undertaking a project to expand its annual production capacity of titanium dioxide by 50,000 tons, with an investment of ¥110,140,780.24, which is 45.49% complete[75]. - The company has established a lithium battery industry technology research institute in collaboration with Beijing Institute of Technology, enhancing its R&D capabilities[44]. Subsidiary Performance - Yibin Tianyuan Group's subsidiary Yibin Haifeng He Rui Co., Ltd. reported revenue of CNY 2,110,661,702.25, operating profit of CNY 240,446,798.09, and net profit of CNY 204,453,295.58 in the first half of 2021, significantly contributing to the company's profits[90]. - Yibin Tianyuan Group's subsidiary Yibin Tianyi New Materials Technology Co., Ltd. generated revenue of CNY 265,452,544.56, operating profit of CNY 30,728,518.55, and net profit of CNY 25,551,820.63 in the first half of 2021, also making a substantial profit contribution[90]. - Yibin Tianyuan Group's subsidiary Yibin Tianyuan Import and Export Trade Co., Ltd. achieved revenue of CNY 2,716,484,376.06, operating profit of CNY 89,628,568.40, and net profit of CNY 67,839,466.91 in the first half of 2021, further enhancing the company's profitability[90]. - Yibin Tianyuan Group's subsidiary Yunnan Tianli Coal Chemical Co., Ltd. reported revenue of CNY 192,948,673.76, but incurred an operating loss of CNY 13,919,269.76 and a net loss of CNY 23,112,238.85 due to continued coal mine shutdowns, negatively impacting the company's overall net profit[91]. - Yibin Tianyuan Group's subsidiary Fujian Tianyuan Chemical Co., Ltd. recorded revenue of CNY 446,878,333.12, operating profit of CNY 12,277,555.75, and net profit of CNY 11,807,758.73 in the first half of 2021, contributing positively to the company's net profit[91]. Environmental and Social Responsibility - The company has received recognition as a "green factory" by the Ministry of Industry and Information Technology, showcasing its commitment to sustainable practices[41]. - The company actively participated in poverty alleviation and rural revitalization efforts, providing support to specific villages and donating a total of 32.74 million yuan for poverty alleviation products[111]. - The company donated 200,000 yuan to the Yibin City Dongliang Project for supporting underprivileged university students[112]. - During the pandemic, the company donated 5 tons of disinfectant to the government of Yibin City[112]. - The company’s leadership emphasized the importance of poverty alleviation and rural revitalization in their annual work plan[111]. - The company has been recognized for its contributions to poverty alleviation, receiving awards for its efforts in supporting impoverished areas[110]. Risk Management and Compliance - The company has established a risk control system for its futures hedging business, focusing on mitigating price volatility risks associated with raw materials and products[80]. - The company will not use raised funds for hedging activities, instead relying on its own funds, with a maximum guarantee amount approved by the board set at 100 million yuan[80]. - The company has not experienced any significant changes in accounting policies or principles regarding derivatives compared to the previous reporting period[80]. - The company has implemented measures to address environmental management risks, including compliance with environmental regulations and enhancing employee awareness[97]. - The company has no violations regarding external guarantees during the reporting period[118]. Future Outlook and Growth Plans - The company plans to accelerate the development of high-end products, including high-quality titanium dioxide and battery-grade caustic soda, to enhance product value and profitability[96]. - The company is focusing on expanding its market presence through strategic investments and partnerships[71]. - The company has plans to enhance its research and development capabilities for new products and technologies[138]. - The company has set a performance guidance for the next quarter, aiming for a revenue growth of approximately 5%[140]. - The company is actively pursuing market expansion strategies to increase its customer base and market share[140].

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%[13]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[13]. - The company's operating revenue for 2020 was ¥21,646,070,304.07, a decrease of 6.31% compared to 2019[20]. - Net profit attributable to shareholders for 2020 was ¥115,877,840.29, an increase of 47.13% year-over-year[20]. - The total profit reached 198 million yuan, representing a year-on-year increase of 120.54%[58]. - The net profit attributable to shareholders was 116 million yuan, up 47.13% compared to the previous year[58]. - The net cash flow from operating activities reached ¥788,653,731.44, up by 27.84% compared to 2019[20]. - The company reported a basic earnings per share of ¥0.1484, which is a 47.08% increase from ¥0.1009 in 2019[20]. - The company reported a net profit of ¥62,264,556.70, impacted by a change in accounting estimates resulting in a cumulative depreciation adjustment of -¥73,202,853.78[151]. Investment and Development - The company plans to invest RMB 200 million in new product development and technology research in the upcoming year[13]. - The company is focusing on the development of eco-friendly PVC products, with a projected increase in production capacity by 25%[13]. - The company has identified potential acquisition targets in the lithium battery materials sector to enhance its product offerings[13]. - The company is actively transforming into a green chemical new materials and advanced chemical battery materials enterprise, aligning with sustainable development goals[47]. - The company is focusing on low-cost NCM and high-nickel single crystal battery materials, with ongoing research to support product development in these areas[49]. - The company is currently constructing a project to expand the production capacity of chlorinated titanium dioxide, with an annual capacity of 50,000 tons[1]. - The company is developing high-end chlorinated titanium dioxide products and aims to enhance product value through innovation[128]. - The company is focusing on expanding its new materials industry park and implementing a capacity doubling plan[122]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2022[13]. - User data indicates a growth in customer base by 20%, reaching a total of 500,000 active users[13]. - The company is actively pursuing market opportunities in the lithium battery sector to enhance profitability and prepare for potential independent listing[123]. - The company has formed a strong industrial chain cluster in Yibin, benefiting from the presence of leading enterprises in the region such as CATL and Geely[53]. - The company has established a strategic partnership with over 10 research institutions and universities to enhance its technological capabilities in product development[49]. Production and Operations - The production volume of polyvinyl chloride (PVC) was 428,600 tons, completing 107.68% of the annual plan[58]. - The production of caustic soda reached 430,200 tons, completing 108.89% of the annual target[123]. - The company achieved production targets in 2020, with PVC production at 428,600 tons, exceeding the annual plan by 7.68%[123]. - The company is planning to produce 416,400 tons of caustic soda and 415,100 tons of PVC in 2021[124]. - The company is accelerating the expansion of the PVC-O project to become the largest and highest quality PVC-O manufacturer in China[59]. Environmental and Regulatory Compliance - The company is committed to environmental management and compliance with increasing regulatory requirements[129]. - The company has implemented energy-saving measures, resulting in a year-on-year decrease in energy consumption indicators for its products[72]. - The company has received environmental approvals for multiple projects, including a new 220KV power transmission project[1]. - The company maintains a leading energy efficiency status in the industry for its caustic soda and PVC products[72]. Risks and Challenges - The company is facing risks related to macroeconomic factors and environmental regulations, which may impact future performance[4]. - The company is addressing macroeconomic risks by closely monitoring national policies and adjusting production plans accordingly[127]. Shareholder and Governance - No cash dividends will be distributed to shareholders for the year 2020[5]. - The company did not distribute cash dividends in 2020, maintaining a cash dividend payout ratio of 0.00%[138]. - The company held six shareholder meetings in 2020, ensuring compliance with legal requirements and protecting minority shareholders' rights[198]. - The company disclosed 127 announcements during the reporting period, fulfilling its information disclosure obligations accurately and completely[200]. Research and Development - The company has completed 40 technology R&D projects and achieved key breakthroughs in areas such as antibacterial flooring and high wear-resistant flooring, with 39 national patents filed[50]. - Research and development expenses amounted to ¥183,408,006.31, which is 0.85% of operating revenue, showing a 0.06% increase compared to the previous year[92]. - The company has established a strong R&D team focused on lithium battery cathode materials, supported by advanced production and quality control systems[40]. Legal and Compliance Issues - The company is currently involved in ongoing litigation with a total claim amount of ¥1,973.29 million related to a contract dispute[160]. - The company has reported a total of ¥10,000 million in ongoing litigation regarding a commercial secret dispute[160]. - The company has not faced any bankruptcy reorganization matters during the reporting period[157]. - The company has maintained its accounting firm for 12 consecutive years, ensuring continuity in financial reporting[156].

Financial Performance - Operating revenue for the period was ¥7,108,208,099.23, representing a decline of 6.55% year-on-year and a decrease of 17.38% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥58,473,811.27, an increase of 1,014.31% compared to the previous period, but a decrease of 80.51% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥43,159,756.64, reflecting an increase of 879.26% compared to the previous period, but a decrease of 105.56% year-on-year[7]. - Basic earnings per share for the period were ¥0.0749, up 1,013.41% from the previous period, but down 80.56% year-on-year[7]. - The weighted average return on net assets was 1.18%, an increase of 1,007.69% compared to the previous period, but a decrease of 78.77% year-on-year[7]. - The net profit for the period decreased by 87.56% to ¥6,120,397.74, significantly impacted by the pandemic[18]. - Operating profit fell by 47.44% to ¥54,069,664.82, also due to pandemic-related effects[18]. - The company expects a cumulative net profit of approximately ¥40 million for the year, reflecting a decrease of 49.21% compared to the previous year[24]. - The net profit for the current period is reported at -¥29,787,370.12, an improvement from -¥52,190,524.21 in the previous period, indicating a reduction in losses[48]. - The net profit attributable to the parent company was CNY 15,343,826.21, compared to CNY 78,716,456.50 in the previous year, indicating a decline of about 80.5%[54]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥14,868,623,114.01, a decrease of 7.96% compared to the end of the previous year[7]. - The company's total assets increased to ¥13,575,674,125.11 from ¥12,407,330,832.40, representing a growth of 9.39%[39]. - The company's total liabilities stood at CNY 9.68 billion, compared to CNY 8.70 billion in the previous year, marking an increase of around 11.1%[36]. - Total liabilities rose to ¥8,955,653,951.89, up from ¥7,634,621,910.50, marking an increase of 17.31%[39]. - The company's total equity attributable to shareholders increased to CNY 4.98 billion from CNY 4.97 billion, reflecting a marginal growth of about 0.2%[36]. - The company reported a short-term loan of CNY 5.43 billion, which is an increase from CNY 4.98 billion, representing a rise of approximately 9.0%[35]. - The company’s long-term borrowings rose to CNY 730 million from CNY 394.38 million, indicating an increase of about 85.0%[35]. - The company's total liabilities amounted to CNY 7,634,621,910.50, with current liabilities at CNY 7,576,135,475.95[77]. Cash Flow - The net cash flow from operating activities was ¥215,625,852.17, an increase of 1.51% compared to the previous period, but a decrease of 8.11% year-on-year[7]. - The company reported a net cash flow from operating activities of ¥453,285,184.51, down 8.11% from the previous period[18]. - The total cash inflow from financing activities reached approximately ¥7.12 billion, an increase of 23.3% from ¥5.77 billion year-on-year[64]. - The cash flow from financing activities showed a net outflow of approximately -¥191.41 million, an improvement from -¥345.92 million in the previous year[67]. - The cash paid for taxes decreased to approximately ¥9.50 million from ¥21.82 million year-on-year, indicating a reduction of 56.5%[66]. - The company reported a net increase in cash and cash equivalents of approximately ¥369.13 million, compared to a decrease of -¥148.97 million in the same period last year[64]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,810[10]. - The largest shareholder, Yibin State-owned Assets Management Co., Ltd., held 16.88% of the shares, totaling 131,847,574 shares[10]. Investments and R&D - The company reported government subsidies of ¥28,068,210.34 during the reporting period[7]. - Research and development expenses for Q3 2020 were ¥39,089,342.60, down from ¥50,123,417.17, a reduction of 22.00%[42]. - Research and development expenses decreased to -¥513,939.90 from ¥1,193,394.12, showing a significant reduction in R&D spending[47]. - The company reported an increase in investment income to ¥1,335,970.99 from a loss of ¥1,651,904.89 in the previous year[42]. - The investment income for the current period is -¥1,156,446.75, compared to -¥892,775.32 in the previous period, indicating a worsening in investment performance[48]. Inventory and Receivables - Accounts receivable rose by 106.70% to ¥379,769,727.63, mainly due to new credit extensions[16]. - The company's inventory decreased to CNY 624.62 million from CNY 640.84 million, a decline of approximately 2.5%[32]. - The total amount of accounts payable was CNY 1.23 billion, which is a critical component of current liabilities[71]. Other Financial Metrics - The company has successfully transitioned its chlorination titanium dioxide project to a usable state during the reporting period[19]. - The company has begun supplying ternary cathode materials to Ningde Times, indicating a successful product launch[19]. - The company's cash and cash equivalents increased by 35.50%, reaching ¥3,034,631,753.42, primarily due to new financing[16]. - Trade financial assets surged by 1261.17% to ¥314,947.50, attributed to increased futures trading activities[16]. - The company incurred a credit impairment loss of CNY -722,118.36, contrasting with a gain of CNY 1,294,699.34 in the previous year, marking a significant change[57].

Financial Performance - The company's operating revenue for the first half of 2020 was ¥8,687,345,098.04, a decrease of 24.54% compared to the same period last year[22] - The net profit attributable to shareholders of the listed company was -¥43,129,985.06, representing a decline of 150.67% year-on-year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥47,191,697.01, a decrease of 160.49% compared to the previous year[22] - The net cash flow from operating activities was ¥237,659,332.34, down 15.38% from the same period last year[22] - The total profit amounted to -39.13 million yuan, a decline of 141.54% year-on-year[59] - The company achieved operating revenue of 8.69 billion yuan, a year-on-year decrease of 24.54%[59] - The company anticipates a cumulative net profit of 1,000,000 CNY for the first three quarters of 2020, which represents a decline of over 50% compared to the previous year[94] - Basic earnings per share are projected to be 0.0128 CNY, down from 0.1008 CNY, indicating a significant decrease of 87.30%[95] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,120,737,347.13, an increase of 9.79% compared to the end of the previous year[22] - The net assets attributable to shareholders of the listed company were ¥4,921,786,756.33, a decrease of 0.89% from the previous year[22] - The company reported a credit impairment loss of 2,735,806.02 yuan, which is 6.99% of total profit, primarily due to provisions for accounts receivable[66] - The company has a total approved external guarantee amount of 134,094.46 million CNY, with an actual guarantee amount of 104,094.46 million CNY at the end of the reporting period[145] - The total approved guarantee amount for subsidiaries during the reporting period was CNY 28,931 million, with actual guarantees amounting to CNY 1,400 million[150] Investment and R&D - Research and development investment increased by 11.95% to 76.90 million yuan[60] - The company has a strong R&D team with over 260 sets of experimental and analytical equipment, supporting its innovation system and technology transfer[46] - The company has initiated multiple R&D projects, including new technologies for titanium ore processing and lithium battery materials, and has applied for 12 new patents during the reporting period[47] - The company plans to expand its production capacity for chlorinated titanium dioxide to 50,000 tons per year, with construction expected to be completed by July 2021[53] - The company has launched a 20 billion yuan lithium salt project in collaboration with Ningde Times, which has begun trial production[53] Market Position and Strategy - The company is positioned as the largest chlor-alkali enterprise in Southwest China, focusing on a "green chemical expert" strategy and a circular economy development path[31] - The lithium battery materials segment is a key area for the company's future growth, with established partnerships and market entry for lithium ternary cathode materials[39] - The company is focusing on expanding its new materials product line, with Yibin Tianyi New Materials Technology Co., Ltd. serving as a key production base[92] - The company plans to continue its market expansion and product development strategies, although specific new products and technologies were not detailed in the report[67] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product range[127] Environmental and Social Responsibility - The company achieved zero environmental pollution incidents during the reporting period, adhering to strict environmental risk management protocols[162] - The company has implemented a comprehensive environmental monitoring system to ensure compliance with local environmental regulations[163] - The company donated 80,000 RMB to support agricultural development in Hongyan Village, including seeds and fertilizers[170] - The company actively participated in poverty alleviation by donating 12.5 tons of protective materials during the COVID-19 pandemic, valued at approximately 500,000 RMB[172] - The company is committed to ensuring "zero return to poverty" as part of its ongoing poverty alleviation efforts[174] Risks and Challenges - The company faces various risks including market, safety, environmental, talent reserve, and financial risks[4] - The company faced significant challenges due to the COVID-19 pandemic but managed to maintain continuous production during the Spring Festival[54] - The company expects to turn a profit in the third quarter as sales orders and prices for major products gradually recover[59] - The company faces financial risks due to its capital-intensive nature and the need for significant funding for multiple major projects[99] Subsidiary Performance - Yibin Tianyuan Group's net profit contribution from its subsidiary Yibin Haifeng and Rui Co., Ltd. was CNY 32,983,715.85, accounting for over 10% of the company's total net profit[90] - The subsidiary Yibin Tianyi New Materials Technology Co., Ltd. reported a revenue of CNY 223,501,179.41 and a net profit of CNY 6,797,480.57 in the first half of 2020[92] - The company reported a significant decrease in net profit from its subsidiary Yibin Tianlan Chemical Co., Ltd., which recorded a net loss of CNY 14,354,599.73[92] - The company has taken measures to address the impact of significant losses in certain subsidiaries, although specific actions were not detailed[92] Legal and Compliance - The company reported a litigation amount of 1,973.29 million yuan related to a dispute with Yibin Baoshan, which has been adjudicated[108] - The company has fulfilled 51.3 million yuan of a contract dispute amounting to 800.1 million yuan, with remaining payments still in execution[110] - The company has no significant litigation or arbitration matters during the reporting period[107] - The half-year financial report has not been audited[106]