Revenue and Profit - The company's revenue for Q1 2023 was ¥1,233,106,240.76, representing a 6.76% increase compared to ¥1,155,068,836.99 in the same period last year[5] - Net profit attributable to shareholders was ¥78,052,288.37, up 11.35% from ¥70,098,258.67 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 33.39% to ¥68,346,039.12 from ¥51,239,494.96[5] - Total operating revenue for Q1 2023 was CNY 1,233,106,240.76, an increase of 6.73% compared to CNY 1,155,068,836.99 in Q1 2022[19] - Net profit for Q1 2023 reached CNY 75,777,667.10, compared to CNY 66,003,150.70 in Q1 2022, representing a growth of 14.06%[20] Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net outflow of ¥326,563,204.30, a decrease of 296.02% compared to a net outflow of ¥82,461,000.09 in the previous year[5] - The total cash inflow from operating activities was CNY 899,993,863.32, a decrease of 30.5% compared to CNY 1,294,896,285.70 in the previous period[21] - The net cash outflow from operating activities was CNY -326,563,204.30, worsening from CNY -82,461,000.09 in the same period last year[21] - The company reported a significant decrease in cash received from sales of goods and services, totaling CNY 860,319,606.45, down 26.9% from CNY 1,177,062,423.56[21] - Payments for goods and services amounted to CNY 960,176,275.98, a decrease of 16.8% compared to CNY 1,154,441,950.55 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,720,232,982.78, a 1.89% increase from ¥7,576,939,539.69 at the end of the previous year[5] - The total liabilities amounted to CNY 2,671,535,775.86, compared to CNY 2,602,230,002.93 in the previous year, indicating an increase of 2.66%[18] - The total current assets as of March 31, 2023, amount to 5,776,724,647.61 RMB, an increase from 5,629,841,048.51 RMB at the beginning of the year[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 59,432[12] - The largest shareholder, Zhao Jizeng, holds 24.12% of the shares, amounting to 287,183,872 shares, with 68,000,000 shares pledged[12] - The total number of preferred shareholders is not applicable, indicating no preferred shares were issued[13] Research and Development - The company's R&D expenses rose by 34.96% to ¥65,003,258.28 from ¥48,164,338.83, indicating increased investment in new technologies[9] - Research and development expenses for Q1 2023 were CNY 65,003,258.28, up from CNY 48,164,338.83 in Q1 2022, reflecting a significant increase of 35.00%[19] Investment Income - The company reported a significant increase in investment income, which rose by 127.50% to ¥1,219,044.45 from a loss of ¥4,433,104.88 in the previous year[9] - The company reported an investment income of CNY 1,219,044.45 in Q1 2023, a significant recovery from a loss of CNY 4,433,104.88 in the same period last year[19] Financing Activities - The company's short-term borrowings increased by 102.54% to ¥56,729,024.84 from ¥28,008,200.00, reflecting a strategy to enhance liquidity[9] - Cash inflow from financing activities was CNY 28,720,824.84, compared to a cash outflow of CNY 150,222,361.88 in the previous period, resulting in a net cash flow of CNY 28,617,074.84[22] Other Financial Metrics - Basic and diluted earnings per share increased by 11.38% to ¥0.0656 from ¥0.0589[5] - Other comprehensive income after tax for Q1 2023 was CNY -1,870,841.68, compared to CNY -235,547.00 in Q1 2022, indicating a decline in comprehensive income[20] - The ending balance of cash and cash equivalents was CNY 136,768,490.57, down from CNY 144,106,043.58 at the end of the previous period[22]

证券代码：002392 证券简称：北京利尔 公告编号：2023-038 北京利尔高温材料股份有限公司 关于延期举办2022年度业绩说明会的公告 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。 北京利尔高温材料股份有限公司（以下简称"公司"）原定于 2023 年 04 月 19 日（星期三）15:00-17:00 在"价值在线"（www.ir-online.cn）举办北京 利尔高温材料股份有限公司 2022 年度业绩说明会，具体内容详见 2023 年 4 月 11 日披露的《关于举办 2022 年度业绩说明会的公告》（公告编号：2023-035）。 现因相关人员统筹工作安排，公司 2022 年度业绩说明延期至 2023 年 04 月 25 日（星期二）15:00-17:00 召开，延期后业绩说明会相关事项如下： 一、说明会召开的时间、地点和方式 会议召开时间：2023 年 04 月 25 日（星期二）15:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 北京利尔高温材料股份有限公司董事会 2 ...

一、说明会召开的时间、地点和方式 会议召开时间：2023 年 04 月 19 日（星期三）15:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 证券代码：002392 证券简称：北京利尔 公告编号：2023-035 北京利尔高温材料股份有限公司 关于举办2022年度业绩说明会的公告 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。 北京利尔高温材料股份有限公司（以下简称"公司"）已于 2023 年 3 月 24 日在巨潮资讯网上披露了《2022 年年度报告全文》及《2022 年年度报告摘要》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定 于 2023 年 04 月 19 日（星期三）15:00-17:00 在"价值在线"（www.ir-online.cn） 举办北京利尔高温材料股份有限公司 2022 年度业绩说明会，与投资者进行沟通 和交流，广泛听取投资者的意见和建议。 四、投资者问题征集及方式 投资者可于 2023 年 04 月 19 日前访问网址 https://eseb.cn/13MKzfO6WGs ...

Financial Performance - The company's operating revenue for 2022 was ¥4,719,361,093.09, a decrease of 3.90% compared to ¥4,910,749,864.55 in 2021[22] - The net profit attributable to shareholders of the listed company was ¥256,253,433.42, down 35.58% from ¥397,761,653.70 in the previous year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥208,274,082.72, a decline of 43.09% from ¥365,985,296.07 in 2021[22] - Basic earnings per share decreased to ¥0.2153, down 36.09% from ¥0.3369 in the previous year[22] - The company's total revenue for the reporting period was CNY 4.719 billion, a decrease of 3.90% compared to the previous year[54] - The net profit attributable to shareholders was CNY 256 million, a decrease of 35.58% year-on-year[54] - The revenue from the refractory materials segment was CNY 3.767 billion, accounting for 79.83% of total revenue, with a year-on-year increase of 5.24%[56] Cash Flow and Investments - The net cash flow from operating activities was ¥440,782,482.16, a significant increase of 2,679.64% compared to -¥17,086,949.35 in 2021[22] - The operating cash flow for the period was CNY 441 million, showing a significant increase of 2679.64% compared to the previous year[54] - Investment cash inflow was ¥2,306,060,218.94 in 2022, up 16.66% from ¥1,976,710,545.30 in 2021[72] - The net cash flow from investment activities was -¥286,445,161.78 in 2022, a decline from a net inflow of ¥35,202,675.55 in 2021, representing a 913.70% decrease[72] Research and Development - Research and development expenses increased by 31.51% to CNY 247 million, reflecting the company's commitment to innovation[54] - The company achieved a total of 644 authorized patents by December 31, 2022, including 180 invention patents[50] - The company implemented over 100 new product development and technology research projects annually, resulting in more than 140 new products[50] - The number of R&D personnel increased to 536 in 2022, up by 5.10% from 510 in 2021, with the proportion of R&D personnel rising to 25.21%[71] - R&D investment amounted to ¥246,911,709.44 in 2022, representing a 31.51% increase from ¥187,757,158.33 in 2021, and accounting for 5.23% of operating revenue[71] Market Position and Strategy - The company maintained a leading position in the high-temperature materials industry, with revenue and net profit growth rates exceeding the industry average[36] - The company plans to focus on developing energy-efficient and environmentally friendly refractory materials in line with national industrial policies[36] - The company aims to enhance its market share by improving its operational management and innovation capabilities in response to industry challenges[35] - The company is positioned to benefit from industry consolidation and increased environmental regulations, which may eliminate weaker competitors[38] - The company is actively exploring new applications and scenarios within its industry chain to create new profit growth points[105] Environmental Compliance and Sustainability - The company has established local environmental protection standards in various regions where it operates, ensuring compliance with national laws[157] - The company is classified as a key pollutant discharge unit by environmental protection authorities[157] - The company has implemented measures to address any identified internal control deficiencies promptly[152] - The company reported a significant reduction in waste discharge, achieving a 30% decrease in wastewater pollutants compared to the previous year[172] - The company’s wastewater discharge included suspended solids at 47 mg/L, which is within acceptable limits[173] Governance and Management - The company has established a robust governance structure and internal management systems to ensure compliance and improve operational efficiency, aligning with regulatory requirements[109] - The company has a fully independent operational structure, including production, procurement, and financial management, ensuring no interference from controlling shareholders[111] - The company emphasizes a management model that includes product specialization, refined management, integrated services, and market unification[99] - The company has implemented various internal control measures to enhance governance and protect shareholder interests[148] Employee Development and Corporate Culture - The company emphasizes talent development, fostering mutual growth between employees and the organization[200] - Regular health check-ups are organized for employees engaged in special work types[200] - The company promotes a harmonious and stable labor relationship through various cultural activities[200] - The company conducted over 260 training sessions throughout the year, including new employee orientation and safety training[137] Future Outlook - The 2023 revenue target is set at ¥5.191 billion, representing a 10% increase from the 2022 revenue of ¥4.719 billion[97] - The net profit attributable to shareholders for 2023 is projected to be ¥282 million, also a 10% increase from ¥256 million in 2022[98] - The company aims to achieve three "100" strategic goals by 2025: revenue of ¥10 billion, sales of 1 million tons of refractory products, and sales of 1 million tons of refractory raw materials[95] - The company plans to enhance its production lines' smart manufacturing capabilities and optimize capacity layout in 2023[100]

关于北京利尔高温材料股份有限公司 向特定对象发行股票申请文件 反馈意见的回复 大信备字[2023]第 2-00008 号 大信会计师事务所(特殊普通合伙) WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 国际大厦 22 岸 2206 邮编 100083 WUYIGE Certified Public Accountants.LLP *路 1 号 Room 2206 22/F.Xuevuan International Tower No. 1 Zhichun Road,Haidian Dist. Beijing,China,100083 传自 Fax: IXX til- Internet. +86 (10) 82327668 www.daxincpa.com.cn 关于北京利尔高温材料股份有限公司 向特定对象发行股票申请文件反馈意见的回复 大信备字[2023]第 2-00008 号 中国证券监督管理委员会、深圳证券交易所: 根据中国证券监督管理委员会出具的《中国证监会行政许可项目审查一次反馈意见通知书》 (223115号)的要求,大信会计师事务所(特殊普通合伙)(以下简称"会计 ...

Financial Performance - The company's revenue for Q3 2022 was ¥1,224,525,498.97, a decrease of 6.19% compared to the same period last year[5] - Net profit attributable to shareholders was ¥65,621,148.40, down 54.01% year-on-year[5] - The basic earnings per share decreased by 54.07% to ¥0.055[5] - Total revenue for Q3 2022 was CNY 3,728,487,963.80, a decrease of 1.8% compared to CNY 3,796,028,917.51 in Q3 2021[22] - The net profit for Q3 2022 was CNY 289,990,565.80, a decrease of 24.6% compared to CNY 384,295,899.57 in Q3 2021[23] - The company reported a net profit margin of approximately 8.0% for the quarter, down from 8.5% in the same period last year[22] - The basic and diluted earnings per share were both CNY 0.2420, down from CNY 0.3220 in Q3 2021, reflecting a decline of 24.9%[24] - The total comprehensive income attributable to the parent company was CNY 289,345,075.61, down from CNY 384,162,539.44 in the same quarter last year[24] Assets and Liabilities - Total assets increased by 9.92% to ¥7,506,091,557.73 compared to the end of the previous year[5] - The company's total assets reached CNY 7,506,091,557.73, compared to CNY 6,828,549,591.76 at the beginning of the year, marking a growth of 9.9%[20] - The total liabilities increased to CNY 2,535,627,655.67, up from CNY 2,201,398,963.93, indicating a rise of 15.2%[20] - The equity attributable to shareholders of the parent company was CNY 4,915,460,550.50, an increase of 6.5% from CNY 4,617,576,404.43[20] - Cash and cash equivalents decreased to CNY 368,559,724.67 from CNY 477,852,940.37, a decline of 22.9%[19] - Accounts receivable increased significantly to CNY 2,201,865,774.04, up from CNY 1,553,371,457.80, reflecting a growth of 41.7%[19] - Inventory levels slightly decreased to CNY 1,176,090,509.31 from CNY 1,186,787,963.15, a reduction of 0.9%[19] Cash Flow - Cash flow from operating activities for the year-to-date increased by 245.59% to ¥143,818,473.28[5] - The net cash flow from operating activities increased by 245.59% compared to the same period last year, mainly due to a significant amount of commercial bill discounts and maturity receipts[11] - The company reported a net cash outflow from investing activities of CNY -296,706,604.08, a significant decrease from a net inflow of CNY 112,793,629.05 in Q3 2021[25] - The cash flow from operating activities showed a net inflow of CNY 143,818,473.28, compared to a net outflow of CNY -98,781,191.40 in the previous year[25] - The cash and cash equivalents at the end of the period were CNY 82,913,458.26, a decrease from CNY 87,342,779.47 at the end of Q3 2021[25] - The company experienced a foreign exchange impact of CNY 2,561,560.68 on cash and cash equivalents during the quarter[25] Expenses - Research and development expenses increased by 31.87% year-on-year, indicating a focus on innovation[9] - Sales expenses grew by 52.20% year-on-year, primarily due to increased travel and business entertainment costs[9] - Total operating costs increased to CNY 3,431,627,532.66, up from CNY 3,375,254,767.86, reflecting a rise in operational expenses[22] - Research and development expenses rose to CNY 267,156,078.95, an increase of 31.8% from CNY 202,596,982.87 in the previous year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 61,824[11] - The top shareholder, Zhao Jizeng, holds 24.12% of the shares, with 65 million shares pledged[11] - The company has a total of 30,219,650 shares in Weilin Technology, representing 70.55% of its total share capital[14] Investments and Acquisitions - The company acquired a 43.5359% stake in Wuhan Weilin Technology Co., Ltd. for RMB 50,909,449.50, becoming its largest shareholder[14] - The company increased its stake in Weilin Technology to 70.55% by acquiring an additional 11,366,750 shares at a price of RMB 2.73 per share, totaling RMB 31,195,027.5[14] - The company plans to issue up to 25 million A-shares through a private placement, with all shares to be subscribed by Mr. Zhao Jizeng in cash[16] - The first phase of the employee stock ownership plan was approved, with a lock-up period that ended on May 27, 2022[16] Strategic Focus - The company reported a significant increase of 166.46% in construction in progress, reflecting ongoing expansion efforts[9] - The company plans to enhance its market expansion efforts and invest in new product development to drive future growth[26]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 2,503,962,464.83, representing a 0.53% increase compared to CNY 2,490,659,053.25 in the same period last year[22]. - The net profit attributable to shareholders decreased by 7.48% to CNY 222,451,917.42 from CNY 240,448,472.89 year-on-year[22]. - Basic earnings per share decreased by 7.48% to CNY 0.1869 from CNY 0.2020 in the same period last year[22]. - The weighted average return on equity was 5.12%, down from 5.66% in the previous year[22]. - The company reported a total profit of CNY 236,008,347.14 for the first half of 2022, compared to CNY 276,622,011.83 in the same period of 2021, indicating a decline of about 14.7%[182]. - The company's net profit for the first half of 2022 was CNY 75,515,645.69, a decrease of 36% compared to CNY 117,973,026.67 in the same period of 2021[184]. - The company achieved a total revenue of 1,190,490,000 CNY for the first half of 2022, reflecting a year-on-year increase of 8.72%[200]. - The net profit attributable to shareholders for the same period was 216,500,000 CNY, representing a growth of 14.26% compared to the previous year[199]. Cash Flow and Investments - The net cash flow from operating activities improved significantly, reaching CNY 42,720,680.78, compared to a negative cash flow of CNY -114,678,492.86 in the previous year, marking a 137.25% increase[22]. - The net cash flow from financing activities decreased by 94.47% to approximately CNY 9.68 million, down from CNY 175.17 million, primarily due to the repayment of maturing loans[43]. - The company reported a net cash outflow from investing activities of CNY -79,494,676.12, compared to a smaller outflow of CNY -13,733,001.34 in the first half of 2021[187]. - The total cash inflow from financing activities was 148,164,850.00 CNY, while the cash outflow was 98,000,000.00 CNY, indicating a cash inflow surplus[190]. Assets and Liabilities - The total assets of the company increased by 8.02% to CNY 7,376,185,744.74 from CNY 6,828,549,591.76 at the end of the previous year[22]. - The total liabilities reached CNY 2,442,960,096.72, up from CNY 2,201,398,963.93, indicating an increase of around 10.99%[174]. - Cash and cash equivalents stood at CNY 481,013,714.98, slightly up from CNY 477,852,940.37, indicating a marginal increase of 0.24%[172]. - Accounts receivable increased significantly to CNY 2,089,432,817.07 from CNY 1,553,371,457.80, marking a rise of approximately 34.4%[172]. Research and Development - Research and development investment rose by 21.05% to approximately CNY 156.67 million, up from CNY 129.43 million, reflecting the company's commitment to innovation[43]. - The company has implemented over 100 new product development and technology research projects annually, focusing on energy saving and consumption reduction[39]. - The company plans to continue increasing R&D investment to enhance its product structure and aims to become a comprehensive integrated supplier in the steel industry[41]. Market Position and Strategy - The company aims to expand its market presence and enhance competitiveness through strategic initiatives and potential mergers and acquisitions[30]. - The company plans to expand its market presence by launching new products in the second half of 2021[196]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach in the high-temperature materials sector[200]. Environmental Compliance - The company is subject to various environmental protection laws and standards, including the Environmental Protection Law and the Water Pollution Prevention Law[76]. - The company has established a comprehensive pollution discharge standard compliance for its operations, with no reported exceedances[86]. - The company is actively monitoring and managing its emissions to comply with environmental standards, reflecting a commitment to sustainability[88]. - The company has received environmental impact assessment approvals for multiple projects, including a 10,000-ton magnesium-based product project[79]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[71]. - The employee stock ownership plan involves 29 employees holding a total of 23,600,000 shares, representing 1.98% of the company's total equity[73]. - The total number of ordinary shareholders at the end of the reporting period was 63,401[158]. - Zhao Jizeng holds 24.12% of the shares, totaling 287,183,872 ordinary shares, with 71,795,968 shares pledged[159].

Financial Performance - The company's operating revenue for Q1 2022 was ¥1,155,068,836.99, a decrease of 5.16% compared to ¥1,217,931,657.11 in the same period last year[3] - The net profit attributable to shareholders was ¥70,098,258.67, down 37.15% from ¥111,534,673.47 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥51,239,494.96, a decline of 49.91% compared to ¥102,285,898.62 in the previous year[3] - Total operating revenue for Q1 2022 was CNY 1,155,068,836.99, a decrease of 5.15% compared to CNY 1,217,931,657.11 in the same period last year[21] - Net profit for Q1 2022 was CNY 66,003,150.70, down 41.1% from CNY 111,798,270.94 in Q1 2021[23] - The total comprehensive income for the first quarter was CNY 65,767,603.70, a decrease from CNY 111,942,567.96 in the previous period[24] - Basic and diluted earnings per share for the current period were CNY 0.0589, down from CNY 0.0960 in the previous period[24] Cash Flow and Liquidity - The net cash flow from operating activities was -¥82,461,000.09, an improvement of 29.77% from -¥117,407,754.91 in the same period last year[3] - Cash inflow from operating activities was CNY 1,294,896,285.70, compared to CNY 438,605,319.78 in the previous period, indicating a significant increase[26] - Cash outflow from operating activities totaled CNY 1,377,357,285.79, up from CNY 556,013,074.69 in the previous period[27] - The net cash flow from operating activities was negative CNY 82,461,000.09, an improvement from negative CNY 117,407,754.91 in the previous period[27] - The net cash flow from investing activities was CNY 183,428,777.27, compared to CNY 87,112,777.00 in the previous period, showing a positive trend[27] - The net cash flow from financing activities was negative CNY 150,222,361.88, worsening from negative CNY 3,826,198.17 in the previous period[27] - The ending cash and cash equivalents balance was CNY 144,106,043.58, an increase from CNY 108,917,666.33 in the previous period[28] - The company's financial report indicates a significant decrease in cash reserves, highlighting potential liquidity concerns[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,918,112,786.37, an increase of 1.31% from ¥6,828,549,591.76 at the end of the previous year[3] - The company's total assets as of Q1 2022 amounted to CNY 6,918,112,786.37, compared to CNY 6,828,549,591.76 at the end of the previous period[20] - Total liabilities decreased to CNY 2,142,172,103.61 in Q1 2022 from CNY 2,201,398,963.93 in the same period last year[19] - The company's total liabilities decreased significantly by 97.01% for current liabilities due to repayment of bank loans[7] Shareholder Information - The total number of common shareholders at the end of the reporting period is 62,375[10] - The largest shareholder, Zhao Jizeng, holds 24.12% of the shares, totaling 287,183,872 shares, with 215,387,904 shares pledged[10] - The company has 1.98% of its shares held by Beijing Lier High-Temperature Materials Co., Ltd. under an employee stock ownership plan[11] Investments and Acquisitions - The company acquired 43.5359% equity in Wuhan Weilin Technology Co., Ltd. for 50,909,449.50 RMB, becoming its largest shareholder[15] - The company has a total of 18,792,900 shares in Weilin Technology, representing 43.87% of its total equity[15] - Zhao Jizeng is the actual controller of Weilin Technology following the acquisition[15] Other Income and Expenses - The company reported a significant increase in other income, which rose by 43.32% to ¥8,064,955.52, primarily due to government subsidies related to normal business operations[8] - The company experienced a 2865.80% increase in non-operating income, reaching ¥14,107,072.72, mainly due to the price difference from mergers under different control[8] - Research and development expenses for Q1 2022 were CNY 48,164,338.83, a decrease from CNY 60,202,356.84 in Q1 2021[21] - The company reported a decrease in other comprehensive income, with a net loss of CNY 235,547.00 compared to a gain of CNY 144,297.02 in the previous year[23] Legal and Regulatory Matters - The company has received 158,560,670 RMB from a settlement with Pan Hai Holdings, concluding a legal dispute[14] - The report for the first quarter was not audited[29]

Financial Performance - The company's operating revenue for 2021 was CNY 4,910,749,864.55, representing a 13.92% increase compared to CNY 4,310,826,485.88 in 2020[19] - The net profit attributable to shareholders for 2021 was CNY 397,761,653.70, a decrease of 12.25% from CNY 453,268,165.25 in 2020[19] - The net cash flow from operating activities was negative at CNY -17,086,949.35, a decline of 127.24% compared to CNY 62,733,662.28 in 2020[19] - The total assets at the end of 2021 were CNY 6,828,549,591.76, an increase of 10.14% from CNY 6,199,951,172.63 at the end of 2020[19] - The net assets attributable to shareholders increased by 12.10% to CNY 4,617,576,404.43 at the end of 2021 from CNY 4,119,160,218.95 at the end of 2020[19] - The basic earnings per share for 2021 was CNY 0.34, down 10.53% from CNY 0.38 in 2020[19] - The weighted average return on equity for 2021 was 9.09%, a decrease of 2.32% from 11.41% in 2020[19] - The company reported a total of CNY 31.78 million in non-recurring gains and losses for 2021, with government subsidies contributing CNY 20.57 million[26] - In 2021, the company achieved a total revenue of 4.911 billion yuan, representing a year-on-year increase of 13.92%[61] - The operating cost for the period was 4.003 billion yuan, which increased by 18.49% compared to the previous year[61] - The gross profit margin decreased by 3.15 percentage points due to the lagging effect of client price increases[61] - The company reported a loss from the disposal of fixed assets amounting to 723,222.00 CNY[83] Operational Highlights - The company has achieved an effective production capacity of 720,000 tons per year, with a comprehensive capacity utilization rate of 78.89%[44] - The revenue from the "overall contracting" model in the refractory materials business has reached over 80%, demonstrating high market penetration in the domestic steel industry[38] - The company is planning to increase its production capacity by 250,000 tons per year, including the replacement of outdated capacity of 200,000 tons per year[44] - The company has established a full industry chain management model for magnesium-based refractory materials, enhancing cost reduction and risk resistance capabilities[38] - The company specializes in various refractory materials, including non-burning magnesium-carbon and aluminum-magnesium-carbon types, used primarily in steelmaking processes[50] - The company has completed the construction of a 250,000-ton intelligent production line for non-fired bricks, enhancing its production capabilities[60] - The company is actively expanding its production bases in various regions, including Liaoning and Henan, to align with resource and market trends[40] Research and Development - The company has a strong R&D team that continuously adapts to market changes, focusing on new product development and process innovation[39] - Research and development expenses amounted to 188 million yuan, reflecting a 2.1% decrease from the previous year[61] - The company has implemented over 100 new product development and technology research projects annually, achieving significant technological advancements[55] - The company is investing in R&D for new materials that improve thermal shock stability and reduce oxidation in steel production[51] - The company is focusing on the development of refractory materials for stainless steel and special steel, which is a key strategic direction[58] Market and Competitive Position - The refractory materials industry in China saw a slight decline in production, with a 3.04% decrease in output to 24.03 million tons in 2021[30] - The top 10 refractory material companies in the industry achieved a total revenue of CNY 31.77 billion in 2021, reflecting a year-on-year growth of 21.77%[30] - The company aims to enhance its market position by focusing on high-quality materials and reducing energy consumption through technological advancements[35] - The company is responding to national policies promoting green and low-carbon development, which is expected to positively impact its competitive environment[34] - The company is actively exploring the aluminum-silicon refractory raw material sector to further enhance its industry chain and competitive strength[108] Sustainability and Environmental Compliance - The company adheres to multiple environmental protection laws and standards, ensuring compliance with industry regulations[162] - The company has completed the registration for fixed pollution source discharge, valid until April 14, 2025, demonstrating its commitment to environmental responsibility[163] - The company has established a comprehensive waste management strategy to reduce overall emissions and improve sustainability[177] - The company is committed to meeting local environmental standards, including DB21/3011-2018 for air pollutants[176] - The company has implemented high-efficiency energy-saving workshops with emissions as low as 4 mg/m3 for particulate matter[177] Governance and Management - The company emphasizes the protection of shareholder rights and has established a robust governance structure to ensure fair treatment of all shareholders[198] - The company actively engages in investor relations management, providing multiple communication channels for investors[198] - The company has established a comprehensive internal control system that covers all aspects of its operations, ensuring effective implementation and compliance with relevant laws and regulations[153] - The company has revised its articles of association to include party organization and strengthen governance, aligning party leadership with corporate governance[117] - The company has maintained independence from its controlling shareholder in terms of operations, personnel, assets, and finances[119][121] Employee Development and Compensation - The total number of employees at the end of the reporting period is 2,160, with 1,964 from major subsidiaries and 196 from the parent company[143] - The company has implemented an employee stock ownership plan, with 23,600,000 shares held, representing 1.98% of the total share capital[149] - The company has established a training program through Lier Academy to improve professional knowledge and management skills[145] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 6.2879 million yuan[133] - The company has a structured remuneration system for its directors and senior management, linked to their performance and company results[133]

Financial Performance - The company's revenue for Q3 2021 reached ¥1,305,369,864.26, representing a year-on-year increase of 16.04%[3] - The net profit attributable to shareholders was ¥142,684,551.34, a slight increase of 0.45% compared to the same period last year[3] - Total operating revenue for the third quarter reached ¥3,796,028,917.51, an increase of 18.0% compared to ¥3,216,800,456.25 in the same period last year[20] - Net profit for the period was ¥384,295,899.57, representing a growth of 2.0% from ¥373,582,747.99 in the previous year[21] - Earnings per share (EPS) for the quarter was ¥0.322, compared to ¥0.314 in the same quarter last year, reflecting a 2.5% increase[22] - The company reported a total comprehensive income of ¥385,325,414.78, compared to ¥373,518,559.84 in the same period last year, an increase of 3.1%[22] Cash Flow and Liquidity - The net cash flow from operating activities showed a significant decline, with a net outflow of ¥98,781,191.40, down 772.46% year-on-year[3] - Cash flow from operating activities was ¥1,975,986,149.19, down from ¥2,151,902,702.46 in the previous year, indicating a decrease of 8.2%[24] - The total cash outflow for operating activities was 2,331,162,944.98 CNY, compared to 2,226,593,988.36 CNY previously[25] - The company’s cash and cash equivalents decreased to RMB 403,260,282.88 from RMB 407,648,425.15, a decline of about 1.0%[16] - The ending balance of cash and cash equivalents was 87,342,779.47 CNY, down from 143,120,585.37 CNY at the beginning of the period[26] - The company received tax refunds amounting to 22,552,247.32 CNY during the quarter[25] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,831,352,569.77, reflecting a growth of 10.18% from the end of the previous year[3] - The company’s total liabilities as of September 30, 2021, were RMB 2,182,029,718.73, compared to RMB 1,936,151,750.91 at the end of 2020, reflecting an increase of about 12.7%[17] - The company’s non-current assets amounted to RMB 1,651,865,617.73, slightly up from RMB 1,608,508,446.07 at the end of 2020, indicating a growth of approximately 2.7%[17] - Current assets totaled RMB 5,179,486,952.04, up from RMB 4,591,442,726.56 at the end of 2020, indicating an increase of about 12.8%[16] - The company’s accounts payable decreased to RMB 631,498,796.56 from RMB 714,113,684.97, showing a reduction of approximately 11.5%[17] Operational Metrics - Accounts receivable increased by 46.33% year-to-date, primarily due to expanded sales and decreased collection rates[8] - The company experienced a 1514.83% increase in credit impairment losses, driven by a substantial rise in accounts receivable and increased bad debt provisions[8] - The company reported a 67.38% decrease in selling expenses compared to the same period last year, attributed to changes in accounting standards[8] - Investment income decreased by 70.43% year-on-year, mainly due to reduced financial returns and a significant prior-year gain from equity transfer[8] - Research and development expenses increased to ¥202,596,982.87, up 14.5% from ¥177,015,335.46 year-on-year, indicating a focus on innovation[21] Corporate Actions and Legal Matters - The company plans to issue up to 80 million shares at a price of RMB 3.32 per share, aiming to raise approximately RMB 26,560,000[13] - The company’s subsidiary, Luoyang Lier Functional Materials Co., has initiated legal proceedings against Pan Hai Holdings for a breach of contract regarding a RMB 153 million share transfer[14] Audit and Reporting - The company did not undergo an audit for the third quarter report[27] - The report was issued by the board of directors on October 23, 2021[28]