龙星化工股份有限公司 2022 年第一季度报告全文 证券代码：002442 证券简称：龙星化工 公告编号：2022-024 龙星化工股份有限公司 2022 年第一季度报告 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 □ 是 √ 否 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: | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 1,003,283,827.33 | 820,419,968.84 | 22.29% | | 归属于上市公司股东的净利润（元） | 11,410,306.31 | 80,059,48 ...

Financial Performance - The company reported a year-end asset-liability ratio of 47.77%, indicating a stable financial policy and a certain level of debt repayment capability[15]. - The company's operating revenue for 2020 was ¥2,295,745,792.80, a decrease of 18.18% compared to ¥2,805,930,355.05 in 2019[6]. - The net profit attributable to shareholders was ¥77,455,520.89, representing a significant increase of 302.97% from ¥19,221,241.82 in the previous year[6]. - The net profit after deducting non-recurring gains and losses was ¥49,519,517.01, up 522.78% from ¥7,951,425.74 in 2019[6]. - The net cash flow from operating activities was ¥248,739,250.96, down 53.59% from ¥535,950,089.04 in the previous year[6]. - The basic earnings per share increased to ¥0.1614, a rise of 303.50% compared to ¥0.0400 in 2019[6]. - The total assets at the end of 2020 were ¥2,517,077,655.44, a decrease of 5.46% from ¥2,662,487,831.67 at the end of 2019[6]. - The net assets attributable to shareholders increased by 6.26% to ¥1,314,654,276.08 from ¥1,237,213,464.25 in 2019[6]. - The company reported a significant increase in quarterly net profit, with the fourth quarter net profit reaching ¥56,231,649.26, compared to ¥1,252,739.32 in the first quarter[31]. - The company's total operating revenue for the year was 2,295,745,792.80 yuan, a decrease of 18.18% compared to the previous year[55]. - The net profit for the year was 77,455,500 yuan, representing a significant increase of 302.97% year-on-year[47]. - Domestic sales revenue decreased by 12.29%, while international sales revenue saw a drastic decline of 63.33% due to reduced export volumes caused by the pandemic[47]. Investment and R&D - The company invested approximately 94 million CNY in research and development during the reporting period, with a total of 70 patents granted, including 10 invention patents[42]. - The company invested 94,006,700 yuan in research and development, focusing on new product development and optimizing product performance[48]. - The company is exploring new technologies and applications to enhance product structure and profitability[71]. - The company is investing 200 million RMB in R&D for new technologies in the next fiscal year, focusing on sustainable chemical solutions[196]. Market Position and Risks - The company is heavily reliant on the tire manufacturing industry, which poses a risk due to potential market volatility in this sector[9]. - The company maintains a strong competitive position as one of the top ten global players in the carbon black industry, but faces risks from potential adverse changes in national industrial policies[12]. - The company’s main customers are large domestic and international tire manufacturers, leading to a high customer concentration risk[9]. - The primary raw materials for carbon black production account for approximately 80% of production costs, making the company vulnerable to price fluctuations in coal tar, anthracene oil, and ethylene tar[10]. Environmental and Safety Measures - The company has made significant investments in environmental protection measures, which may lead to increased operational costs if new regulations are introduced[13]. - The company emphasizes safety production management due to the flammable nature of raw materials and high-temperature production processes, which poses operational risks[14]. - The company has achieved a 100% safe disposal rate for industrial solid waste and hazardous waste, complying with environmental regulations[145]. - The company promotes energy-saving technologies and practices, significantly reducing costs and energy consumption[144]. - The company has implemented a comprehensive safety management system, including a four-level safety management structure and regular safety training[146]. - The company has established a comprehensive emergency response plan and conducts at least one drill annually to improve employees' emergency handling skills[152]. Corporate Governance and Social Responsibility - The company has established a modern corporate governance structure, ensuring effective checks and balances among its governing bodies[128]. - The company actively engages in social responsibility initiatives and various public welfare activities[127]. - The company has a strong commitment to maintaining the legitimate rights and interests of creditors and employees[127]. - The company emphasizes sustainable development and social responsibility in its operational strategy[92]. - The company donated RMB 500,000 to support COVID-19 prevention efforts, demonstrating its commitment to social responsibility[163]. Future Outlook and Strategies - The company expects a revenue growth of 12% for the next fiscal year, projecting revenues to reach approximately 1.68 billion RMB[196]. - New product launches are planned for Q2 2021, including two innovative chemical products aimed at expanding market share[196]. - The company plans to enhance its supply chain efficiency, targeting a 15% reduction in operational costs by the end of 2021[196]. - The management team emphasized a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[196].

Financial Performance - The company's operating revenue for 2021 was CNY 3,438,539,047.58, representing a 49.78% increase compared to CNY 2,295,745,792.80 in 2020[18]. - The net profit attributable to shareholders for 2021 was CNY 171,634,188.69, a significant increase of 121.59% from CNY 77,455,520.89 in 2020[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 170,212,638.81, up 243.73% from CNY 49,519,517.01 in the previous year[18]. - The basic earnings per share for 2021 was CNY 0.3576, which is a 121.56% increase compared to CNY 0.1614 in 2020[18]. - The total assets at the end of 2021 were CNY 2,795,621,357.39, reflecting an 11.07% increase from CNY 2,517,077,655.44 at the end of 2020[18]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,506,884,863.34, a 14.62% increase from CNY 1,314,654,276.08 in 2020[18]. - The company reported a negative net cash flow from operating activities of CNY -13,594,326.94 in 2021, a decrease of 105.47% compared to CNY 248,739,250.96 in 2020[18]. - The weighted average return on net assets for 2021 was 12.20%, an increase of 6.13% from 6.07% in 2020[18]. - The company experienced a quarterly revenue of CNY 951,008,510.21 in Q4 2021, with a net profit of CNY 29,286,634.63 attributable to shareholders[21]. - The company’s carbon black sales revenue was CNY 3,224.88 million, up 51.94% from the previous year[49]. - Domestic sales accounted for 94.19% of total revenue, while international sales made up 5.81%, with the latter growing by 68.07% year-over-year[47]. Research and Development - The company invested CNY 143.64 million in research and development during the reporting period, with a total of 79 patents granted, including 11 invention patents[39]. - The company has achieved breakthroughs in high-dispersion white carbon black, which has transitioned from the research phase to mass production[40]. - The company’s carbon black production technology is at a mature stage, maintaining international advanced levels in various reactor designs and energy recovery applications[39]. - The company is currently developing special carbon black products, including pigment carbon black and conductive carbon black, which are expected to enhance product offerings and market competitiveness[61]. - The company has completed several R&D projects aimed at improving production efficiency and product quality, which are expected to enhance future profitability[61]. - The company has a total of 165 R&D personnel, including 62 with bachelor's degrees and 3 with master's degrees[38]. Environmental and Social Responsibility - The company reported a total investment of 1.5 billion yuan in pollution prevention facilities by the end of 2021, achieving ultra-low emission standards[162]. - In 2021, the actual emissions were 2.49 tons of particulate matter, 34.22 tons of SO2, and 67.48 tons of NOx, all below the permitted limits[162]. - Longxing Chemical's wastewater reuse rate exceeded 95%, significantly reducing freshwater extraction[161]. - The company has established an emergency response plan for environmental incidents, updated in 2019[164]. - The company has adopted green procurement strategies to reduce greenhouse gas emissions throughout its supply chain[167]. - The company actively engages in social responsibility initiatives and aims to create a harmonious corporate environment[168]. - The company has been recognized as a key high-tech enterprise under the National Torch Program and has passed REACH regulation registration[168]. Corporate Governance - The company has established a complete and independent business operation system, with no reliance on the controlling shareholder for operations[93]. - The board of directors consists of 9 members, including 3 independent directors, meeting the legal requirements[89]. - The company has implemented a performance evaluation and incentive mechanism for senior management, linking their compensation directly to performance[95]. - The independent directors have not raised any objections to the board's resolutions during the reporting period, ensuring governance integrity[91]. - The company has a robust internal control system and governance structure, complying with relevant laws and regulations[88]. - The company emphasizes the importance of R&D investment to improve product technology and maintain competitive advantage in the carbon black industry[81]. Market and Industry Position - The carbon black industry experienced stable growth in market demand during 2021, with significant revenue and profit increases in the first three quarters, although profits declined in the fourth quarter due to reduced tire market demand and rising raw material oil prices[28]. - The company ranked second among members of the China Rubber Industry Association's carbon black branch in terms of revenue and production volume[28]. - The company aims to expand its market by replacing imports in high-grade conductive carbon black and pigment carbon black, focusing on the development of carbon-based new materials[28]. - The company’s main business includes the production and sales of carbon black, white carbon black, and coal tar products, positioning itself as a key player in the domestic carbon black industry[31]. Employee Development and Training - The total number of employees at the end of the reporting period is 1,349, with 730 in the parent company and 619 in major subsidiaries[130]. - The company has upgraded its compensation system to a comprehensive new system, with fixed salary accounting for 54%, variable salary for 26%, and other allowances for 20%[132]. - In 2021, the company planned 44 training sessions with a completion rate of 100%, training 12,424 individuals at a cost of 285,055.94 yuan[133]. - The company has established a new training room equipped with 100 dual desks and various training equipment to enhance training effectiveness[133]. - The company has implemented a salary structure that includes six major sequences and 16 job levels, enhancing employee development opportunities[132]. Financial Management - The company’s financial leverage is moderate, with a debt-to-asset ratio of 46.10%, indicating a reasonable level of financial risk[85]. - The company has a comprehensive employee rights protection system, ensuring compliance with labor laws and providing various employee benefits[175]. - The company emphasizes cash dividend distribution to provide reasonable returns to investors while maintaining sound operational practices[173]. - The company has implemented a stock incentive plan to align the interests of management with those of shareholders[103]. Safety and Compliance - The company has established a comprehensive safety management system, ensuring safe operation of equipment and production processes[176]. - The company has completed its safety management goals for 2021, achieving zero major accidents and zero occupational disease incidents[187]. - The company has implemented a risk management and hidden danger investigation mechanism, focusing on continuous improvement and prevention[190]. - The company has developed comprehensive emergency response plans and conducts regular drills to enhance employee preparedness for emergencies[193].

Revenue and Profit - Revenue for Q1 2022 reached ¥1,003,283,827.33, an increase of 22.29% compared to ¥820,419,968.84 in the same period last year[3] - Net profit attributable to shareholders was ¥11,410,306.31, a decrease of 85.75% from ¥80,059,480.55 year-on-year[3] - Operating income grew by 72.77% year-on-year, primarily from gains on the disposal of scrapped assets[10] - Net profit decreased by 85.75% compared to the previous period, mainly due to a reduction in gross profit[10] - The total operating revenue for the first quarter of 2022 was CNY 1,003,283,827.33, an increase of 22.2% compared to CNY 820,419,968.84 in the same period last year[20] - The net profit for the first quarter was CNY 11,410,306.31, a significant decrease of 85.7% compared to CNY 80,059,480.55 in the previous year[22] - The total comprehensive income for the quarter was CNY 11,408,695.17, down from CNY 80,059,734.21 in the same period last year[23] Cash Flow and Assets - Operating cash flow net amount surged by 680.85% to ¥93,332,219.86 from ¥11,952,706.49 in the previous year[3] - Cash received from sales of goods and services increased by 66.15% year-on-year, attributed to higher sales volume and increased collection of receivables[10] - Net cash flow from operating activities surged by 680.85% compared to the previous period, driven by increased sales collections[10] - Cash inflow from operating activities totaled CNY 593,377,591.10, compared to CNY 357,504,721.78 in the previous year[24] - The ending balance of cash and cash equivalents was ¥71,702,352.04, down from ¥119,321,968.08 in Q1 2021, a decrease of about 40%[27] - Cash inflow from financing activities totaled ¥268,474,328.46, up from ¥230,555,025.22, reflecting an increase of around 16%[26] - The total assets at the end of the period were ¥3,134,594,302.06, reflecting a growth of 12.13% from the previous year-end[3] Expenses and Liabilities - Research and development expenses increased by 65.02% to ¥8,280,020.24, up from ¥5,017,551.16 in the previous year[7] - The total operating costs amounted to CNY 990,685,324.06, up 37.4% from CNY 720,776,652.05 year-on-year[20] - The gross profit margin decreased due to a 42.42% increase in operating costs, which reached ¥924,507,707.06 compared to ¥649,132,716.26 last year[7] - The company's total liabilities reached CNY 1,612,013,080.93, an increase from CNY 1,288,736,494.05 year-on-year[19] - The total cash outflow from operating activities amounted to ¥500,045,371.24, compared to ¥345,552,015.29 in the previous year, indicating an increase of about 45%[26] Other Income and Subsidiary Establishment - Other income increased by 104.04% compared to the previous period, mainly due to heating subsidies received this period[10] - The company established a wholly-owned subsidiary in Shanxi Province for the research and manufacturing of carbon-based new materials[14] - The registered capital of the new subsidiary is CNY 50 million, with registration completed on March 24, 2022[14] Employee Compensation and Taxes - The company paid ¥38,343,596.89 in employee compensation, an increase from ¥33,035,282.56 in the previous year, representing a growth of approximately 16%[26] - The total cash outflow for taxes was ¥16,590,186.91, a decrease from ¥46,448,740.04, indicating a reduction of about 64%[26] Impairment and Audit - The company reported a credit impairment loss of CNY 2,098,487.42, compared to a loss of CNY 5,039,364.38 in the previous year[22] - The company did not conduct an audit for the Q1 2022 report[28]

Financial Performance - The company's operating revenue for 2021 was ¥3,438,539,047.58, representing a 49.78% increase compared to ¥2,295,745,792.80 in 2020[17] - The net profit attributable to shareholders in 2021 was ¥171,634,188.69, a significant increase of 121.59% from ¥77,455,520.89 in 2020[17] - The net profit after deducting non-recurring gains and losses was ¥170,212,638.81, which is a 243.73% increase from ¥49,519,517.01 in 2020[17] - The basic earnings per share for 2021 was ¥0.3576, up 121.56% from ¥0.1614 in 2020[17] - The total assets at the end of 2021 were ¥2,795,621,357.39, an increase of 11.07% from ¥2,517,077,655.44 at the end of 2020[17] - The net assets attributable to shareholders at the end of 2021 were ¥1,506,884,863.34, reflecting a 14.62% increase from ¥1,314,654,276.08 at the end of 2020[17] - The net cash flow from operating activities for 2021 was ¥176,198,161.50, a slight increase of 2.87% from ¥171,289,842.94 in 2020[17] - The weighted average return on equity for 2021 was 12.20%, up from 6.07% in 2020[17] - The company reported a quarterly revenue of ¥951,008,510.21 in Q4 2021, with a net profit of ¥29,286,634.63 for the same quarter[21] - The company reported a net loss of 8,357,754.74 in non-current asset disposal, with a fixed asset net loss of 380,709.22 for the current period[22] Market and Industry Insights - The company achieved a significant increase in revenue and production volume, ranking second among members of the China Rubber Industry Association's Carbon Black Branch[27] - The carbon black industry experienced stable growth in market demand, with a notable increase in revenue and profitability in the first three quarters of 2021, despite a decline in the fourth quarter due to reduced tire market demand and rising raw material prices[27] - The company is focusing on expanding its market by developing high-grade conductive carbon black and pigment carbon black, aiming to reduce reliance on imports[27] - The company’s main business includes the production and sales of carbon black, white carbon black, and coal tar products, positioning itself as a key player in the domestic carbon black industry[30] - The company’s carbon black products are primarily used in the rubber industry, particularly in tire production, which significantly contributes to the automotive industry[31] Research and Development - The company has invested a total of 143.64 million yuan in research and development during the reporting period, with 79 patents granted, including 11 invention patents[37] - The company has transitioned high-dispersion white carbon black from the research phase to mass production, achieving breakthroughs in this project[38] - The company is developing special carbon black products, including pigment carbon black and conductive carbon black, which are expected to enhance product offerings and market competitiveness[60] - The company has implemented a strategic shift towards smart manufacturing, leveraging technologies such as big data and AI for operational efficiency[42] Environmental and Sustainability Initiatives - The company invested 1.5 billion yuan in pollution prevention facilities by the end of 2021, achieving ultra-low emission standards for pollutants[162] - The company’s wastewater treatment facility has a reuse rate of over 95%, significantly reducing freshwater consumption[161] - The company has implemented a comprehensive air pollution control strategy, including low-nitrogen combustion technology and SCR treatment processes[162] - The company has a carbon emission control strategy, aiming to reduce direct and indirect carbon emissions through innovative environmental technologies and green procurement strategies[167] - The company emphasizes sustainable development and social responsibility as part of its long-term strategy[81] Corporate Governance - The company has established a modern corporate governance structure to protect the rights of all shareholders, particularly minority shareholders[171] - The board of directors consists of 9 members, including 3 independent directors, accounting for one-third of the total board[88] - The company maintains independence from its controlling shareholder in business, personnel, assets, organization, and finance, ensuring autonomous operations[92] - The company has implemented a strict information disclosure management system, ensuring timely and accurate information dissemination to investors[91] - The company emphasizes cash dividend distribution to shareholders, reflecting its commitment to providing reasonable returns on investment[173] Employee Management and Development - The total number of employees at the end of the reporting period is 1,349, with 977 in production, 67 in sales, 134 in technology, 18 in finance, and 153 in administration[130] - The company has implemented a new comprehensive compensation system, with fixed salary accounting for 54%, variable salary for 26%, and other allowances for 20%[131] - In 2021, the company planned 44 training sessions with a completion rate of 100%, training 12,424 employees at a cost of 285,055.94 yuan[132] - The company has established a training platform and equipped new training rooms to enhance employee skill development[132] - The company has a structured salary framework divided into six sequences and sixteen levels, promoting career development[131] Financial Management and Risk - The company maintains a debt-to-asset ratio of 46.10%, indicating a stable financial position but still facing potential repayment risks[84] - The company has not engaged in any major asset or equity sales during the reporting period, indicating stability in its asset management[75] - The company has not utilized any fundraising during the reporting period, reflecting a conservative financial strategy[74] - The company has a comprehensive internal control system to enhance risk prevention and control capabilities[172] Shareholder Engagement - The annual shareholders' meeting had a participation rate of 28.13% on May 11, 2021, with all proposals approved[99] - The first extraordinary shareholders' meeting of 2021 had a participation rate of 22.40% on June 25, 2021, with all resolutions passed[99] - The company has established a performance evaluation and incentive mechanism for senior management, linking their compensation directly to performance metrics[145] Safety and Compliance - The company has implemented a comprehensive safety management system, establishing 58 safety management regulations and 31 safety operation procedures[187] - The company has set a safety management goal of zero major accidents and zero occupational disease incidence for 2021, successfully achieving these targets[187] - The company conducts regular safety training, requiring new employees to undergo at least 72 hours of training and existing employees to complete a minimum of 20 hours annually[192] - The company has developed emergency response plans and conducts at least one comprehensive or specialized drill each year to improve emergency response skills[193]

龙星化工股份有限公司 2021 年第三季度报告 一、主要财务数据 证券代码：002442 证券简称：龙星化工 公告编号：2021-051 龙星化工股份有限公司 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 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入（元） | 809,149,541.57 | 31.75% | 2,487,530,537.37 | 57.16% ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,678,380,995.80, representing a 73.28% increase compared to CNY 968,616,510.39 in the same period last year[22]. - The net profit attributable to shareholders was CNY 123,299,040.55, a significant increase of 4,586.51% from CNY 2,630,934.23 in the previous year[22]. - The net cash flow from operating activities was CNY 26,628,392.70, improving by 119.01% compared to a negative cash flow of CNY -140,043,907.05 in the same period last year[22]. - Basic earnings per share rose to CNY 0.2569, up 4,570.91% from CNY 0.0055 in the previous year[22]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 124,813,278.05, a 9,418.91% increase from CNY 1,311,214.31 in the previous year[22]. - The weighted average return on net assets was 8.94%, up from 0.21% in the previous year, indicating improved profitability[22]. - The company achieved a revenue of 1,678.38 million yuan, a 73.28% increase compared to the same period last year, with a net profit of 123.30 million yuan, up 4586.51% year-on-year[35]. - Domestic sales revenue increased by 74.79% year-on-year, while international sales revenue grew by 58.20%[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,710,587,803.34, an increase of 7.69% from CNY 2,517,077,655.44 at the end of the previous year[22]. - The company's net assets attributable to shareholders increased by 9.93% to CNY 1,445,170,403.45 from CNY 1,314,654,276.08 at the end of the previous year[22]. - The company's total liabilities included short-term borrowings of ¥540,081,189.55, which accounted for 19.92% of total liabilities[50]. - The company's total liabilities rose to CNY 1,265,417,399.89 from CNY 1,202,423,379.36, marking an increase of approximately 5.24%[152]. - The total current liabilities amounted to CNY 1,256,206,397.14, compared to CNY 1,192,129,376.52, indicating an increase of approximately 5.37%[152]. Research and Development - The company invested 45.97 million yuan in research and development during the reporting period, with a total of 70 patents granted, including 11 invention patents[37]. - Research and development expenses amounted to ¥45,966,086.30, up 31.06% from ¥35,073,574.72, attributed to increased material costs[41]. - The company has allocated resources for research and development of new products, aiming to enhance its competitive edge in the market[182]. Environmental Responsibility - The company utilizes a closed-loop system for energy efficiency, integrating tar processing, carbon black production, and waste gas treatment[37]. - Longxing Chemical invested CNY 48 million in May 2010 to build a 3600m3/d water treatment plant, achieving a water reuse rate of over 95%[74]. - The company has established a real-time monitoring system for emissions, with data uploaded to environmental authorities, ensuring no exceedance of emission standards[74]. - Longxing Chemical's dust removal efficiency can reach 99.99% through negative pressure collection and bag dust removal measures[74]. - The company has not faced any administrative penalties for environmental issues, indicating compliance with regulations[78]. Corporate Governance - The company has established a modern corporate governance structure, ensuring effective checks and balances among the shareholders' meeting, board of directors, supervisory board, and management[80]. - The company emphasizes the protection of minority shareholders' rights, implementing separate voting for significant matters affecting their interests[83]. - The company has a comprehensive internal control system to enhance risk prevention and control capabilities[83]. Shareholder and Equity Management - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[6]. - A stock incentive plan was approved, granting 9.68 million restricted shares at a price of ¥2.77 per share to 176 individuals[70]. - The total number of shares after the change is 489,680,000, with restricted shares accounting for 2.23% of the total[126]. - The company has implemented a stock incentive plan that requires adherence to the 2021 restrictions[134]. Market Position and Production - The company primarily engages in the production and sales of carbon black, white carbon black, and coal tar products, positioning itself as a key player in the domestic carbon black industry[30]. - The company produced 232,600 tons of carbon black in the first half of 2021, accounting for 9.30% of the total production of 2.5 million tons by 34 member companies, ranking second among them[35]. - The company maintains a production and sales rate of 100.73%, with carbon black sales volume at 234,300 tons[35]. Community Engagement and Social Responsibility - The company has actively participated in community development and charitable activities, reflecting its commitment to social responsibility[94]. - The company conducts regular occupational health checks for employees engaged in hazardous work environments[86]. - The company actively engages in vocational skills training to promote employee development and enhance overall corporate growth[87].

Financial Performance - The company's revenue for Q1 2021 reached ¥820,419,968.84, representing a 74.04% increase compared to ¥471,393,619.53 in the same period last year[8] - Net profit attributable to shareholders was ¥80,059,480.55, a significant increase of 6,290.75% from ¥1,252,739.32 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥81,062,956.73, up 7,619.39% from ¥1,050,121.22 in the previous year[8] - Basic earnings per share rose to ¥0.1668, reflecting a 6,315.38% increase from ¥0.0026 in the previous year[8] - Operating revenue grew by 74.04% year-on-year, driven by a booming market and increased sales prices[19] - Net profit surged by 6290.75% compared to the previous period, primarily due to a significant increase in total profit[19] - Total operating revenue for Q1 2021 reached ¥820,419,968.84, a significant increase of 74% compared to ¥471,393,619.53 in the same period last year[40] - Net profit for Q1 2021 was ¥80,059,480.55, compared to ¥1,252,739.32 in Q1 2020, indicating a substantial growth[42] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥11,952,706.49, a turnaround from a negative cash flow of -¥83,385,391.75 in the same period last year, marking a 114.33% increase[8] - Cash flow from operating activities increased by 114.33% year-on-year, attributed to reduced cash outflows for purchases and increased cash inflows from sales[19] - Cash and cash equivalents decreased by 48.76% year-on-year, primarily due to increased repayments of bank loans[19] - Cash flow from operating activities generated a net inflow of CNY 11,952,706.49, a turnaround from a net outflow of CNY 83,385,391.75 in the prior year[50] - The company reported a net increase in cash and cash equivalents of 28,157,603.71, contrasting with a decrease of -57,421,171.67 in the previous year[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,642,570,632.73, an increase of 4.99% from ¥2,517,077,655.44 at the end of the previous year[8] - The company's current assets totaled CNY 1,560,950,068.30, up from CNY 1,409,204,768.85 at the end of 2020, indicating an increase of about 10.76%[32] - Total liabilities as of March 31, 2021, were CNY 1,247,864,697.42, compared to CNY 1,202,423,379.36 at the end of 2020, showing an increase of approximately 3.77%[34] - The company's total liabilities decreased by 39.91% for non-current liabilities due within one year, as long-term borrowings due were not exceeding one year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,521[11] - The top shareholder, Liu Jiangshan, holds 20.40% of the shares, amounting to 97,897,902 shares[11] - Net assets attributable to shareholders increased to ¥1,394,705,935.31, up 6.09% from ¥1,314,654,276.08 at the end of the previous year[8] - The company's equity attributable to shareholders reached CNY 1,394,705,935.31, up from CNY 1,314,654,276.08, reflecting a growth of about 6.09%[35] Research and Development - Research and development expenses rose by 39.17% year-on-year, reflecting increased investment in R&D[19] - Research and development expenses for Q1 2021 were ¥5,017,551.16, compared to ¥3,605,326.93 in Q1 2020, marking an increase of approximately 39%[41] Tax and Other Financial Obligations - The company reported a 462.96% increase in tax payments, reflecting higher tax obligations due to increased revenue[19] - The company reported no overdue commitments from controlling shareholders or related parties during the reporting period[22] - There were no significant contracts or external guarantees reported during the period[26][27] Other Financial Metrics - The weighted average return on equity was 5.91%, a significant increase from 0.10% in the same period last year[8] - The company incurred a credit impairment loss of ¥5,039,364.38 during the quarter[46] - Other comprehensive income after tax for Q1 2021 was ¥253.66, compared to a loss of ¥25.16 in the same period last year[42]

Financial Performance - The company's operating revenue for 2020 was ¥2,295,745,792.80, a decrease of 18.18% compared to 2019[6]. - The net profit attributable to shareholders was ¥77,455,520.89, representing a significant increase of 302.97% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,519,517.01, up 522.78% from the previous year[6]. - The net cash flow from operating activities was ¥171,289,842.94, down 59.49% compared to 2019[6]. - The basic earnings per share increased to ¥0.1614, a rise of 303.50% from the previous year[6]. - Total assets at the end of 2020 were ¥2,517,077,655.44, a decrease of 5.46% from the end of 2019[6]. - The net assets attributable to shareholders increased by 6.26% to ¥1,314,654,276.08 at the end of 2020[6]. - The company reported a significant increase in quarterly net profit, with the fourth quarter net profit reaching ¥56,231,649.26[6]. - Non-recurring gains included government subsidies amounting to ¥15,900,057.05, which accounted for 20.53% of the net profit[6]. - The company's total operating costs decreased to approximately CNY 1.96 billion, down from CNY 2.44 billion in the previous year, with a cost structure shift where raw materials accounted for 88.69% of total costs[62]. Market Position and Industry Risks - The company maintains a strong competitive position as one of the top ten global players in the carbon black industry, but faces risks from potential adverse changes in national industrial policies[12]. - The company is heavily reliant on the tire manufacturing industry, which poses a risk due to potential market volatility in this sector[9]. - The primary raw materials for carbon black production account for approximately 80% of production costs, making the company vulnerable to price fluctuations in coal tar, anthracene oil, and ethylene tar[10]. - The company’s main customers are large domestic and international tire manufacturers, leading to a high customer concentration risk[9]. Environmental and Safety Initiatives - The company has made significant investments in environmental protection measures, which may lead to increased operational costs if new regulations are introduced[13]. - The company emphasizes safety management in production due to the flammable nature of raw materials and high-temperature processes, which poses operational risks[14]. - The company has achieved a dust removal efficiency of 99.99% in its dust control measures[157]. - The company invested 48 million CNY in a wastewater treatment facility, achieving a water reuse rate of over 95%[158]. - By the end of 2020, the company had invested 190 million CNY in pollution control facilities, achieving ultra-low emission standards for pollutants[158]. - The actual emissions in 2020 were 3.5 tons of particulate matter, 31.63 tons of SO2, and 92.08 tons of NOx, all below the permitted limits[159]. - The company has established a comprehensive safety management system, achieving zero major accidents and zero occupational disease incidence in 2020[146]. Research and Development - The company invested 94 million CNY in research and development during the reporting period, with a total of 70 patents granted, including 10 invention patents[42]. - The company developed new high-structure products in collaboration with tire manufacturers, enhancing its product offerings[49]. - The company aims to improve product quality and reduce costs to enhance market competitiveness, focusing on N115 and N774 carbon black products[68]. - The company has established a partnership with a leading university for collaborative research, which is expected to yield innovative solutions in the industry[196]. Corporate Governance and Shareholder Relations - The company has established a modern corporate governance structure to protect the rights and interests of shareholders and creditors[131]. - The company emphasizes the protection of minority shareholders' rights and conducts separate voting for significant matters affecting their interests[132]. - The company has maintained a consistent accounting policy without significant changes compared to the previous year[102]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[101]. - The company completed the restructuring of its board of directors and supervisory board, with new members appointed[165]. Future Outlook and Strategic Plans - The company plans to achieve international brand recognition and become a world-class carbon black supplier[91]. - The company has set a revenue guidance of 1.8 billion yuan for the next fiscal year, projecting a growth rate of 20%[196]. - New product development includes the launch of a high-performance carbon black product, expected to contribute an additional 200 million yuan in revenue[196]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share within the next three years[196]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 30%[196]. Social Responsibility - The company has actively engaged in social responsibility initiatives and maintains a focus on product quality, safety production, and environmental protection[127]. - The company donated RMB 500,000 to support COVID-19 prevention efforts in Shihezi City[163].

龙星化工股份有限公司 2020 年第三季度报告全文 龙星化工股份有限公司 公司负责人魏亮、主管会计工作负责人李英及会计机构负责人(会计主管人 员)周文杰声明：保证季度报告中财务报表的真实、准确、完整。 2 龙星化工股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 2020 年第三季度报告 2020 年 10 月 1 龙星化工股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,421,818,214.14 | 2,662,487,831.67 | | -9.04% | | 归属于上市公司股东的净资产 | 1,258,284,967.60 | 1, ...