1 龙星化工股份有限公司 2022 年第三季度报告 证券代码：002442 证券简称：龙星化工 公告编号：2022-074 龙星化工股份有限公司 龙星化工股份有限公司 2022 年第三季度报告 龙星化工股份有限公司 2022 年第三季度报告 2022 年 10 月 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 龙星化工股份有限公司 2022 年第三季度报告 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 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,200,143,369.28, representing a 31.09% increase compared to ¥1,678,380,995.80 in the same period last year[21]. - The net profit attributable to shareholders decreased by 52.07% to ¥59,098,955.43 from ¥123,299,040.55 year-on-year[21]. - Basic earnings per share fell by 52.86% to ¥0.1211 from ¥0.2569 in the same period last year[21]. - Revenue for the first half of the year reached CNY 2,200,143,369.28, an increase of 31.09% compared to the previous year, primarily due to higher product prices[52]. - Net profit for the period was CNY 59,099,000, a decrease of 52.07% year-on-year[44]. - The gross profit margin for carbon black products was 8.93%, reflecting a decrease of 8.86% year-on-year, attributed to rising raw material costs[56]. Cash Flow and Investments - The net cash flow from operating activities surged by 814.22% to ¥243,441,274.53, compared to ¥26,628,392.70 in the previous year[21]. - The company achieved a cash flow from operating activities of CNY 243,441,274.53, a remarkable increase of 814.22% compared to the previous year, primarily due to increased cash receipts[52]. - The company invested approximately 89.09 million yuan in research and development during the reporting period, holding 12 national invention patents and 69 utility model patents as of June 30, 2022[38]. - The company made an investment of ¥5,000,000 during the reporting period, marking a 100% increase compared to the same period last year[62]. Assets and Liabilities - Total assets increased by 12.85% to ¥3,154,988,417.66 from ¥2,795,621,357.39 at the end of the previous year[21]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥263,133,188.45, representing 8.34% of total assets, an increase of 2.81% compared to the previous year[60]. - Accounts receivable reached ¥1,101,505,349.16, accounting for 34.91% of total assets, with a 6.45% increase attributed to rising product prices[60]. - The total liabilities of the company as of June 30, 2022, were CNY 1,617,878,668.17, up from CNY 1,288,736,494.05, marking an increase of around 25.6%[159]. Production and Operations - The company continues to focus on the production and sales of carbon black, silica, and coal tar products, which are essential materials in various industries[29]. - The company's carbon black production capacity is 420,000 tons per year, with a total sales volume of 235,000 tons in the first half of 2022, ranking third in the industry according to the China Rubber Association Carbon Black Branch[38]. - The company employs a "sales-driven production" model, aligning production with confirmed customer orders to meet demand efficiently[35]. - The company has implemented a DCS automated production control system, allowing for real-time monitoring and management of the entire production process[41]. Research and Development - The company invested approximately 89.09 million yuan in research and development during the reporting period, holding 12 national invention patents and 69 utility model patents as of June 30, 2022[38]. - R&D expenditure totaled CNY 89,093,747.32, representing a significant increase of 93.82% compared to the previous year, reflecting the company's commitment to product development and optimization[52]. - The company plans to continue investing in R&D to drive future growth and innovation[169]. Market and Sales - Domestic sales accounted for 82.31% of total revenue, while international sales surged to 17.69%, up from 5.76% in the previous year, indicating a strategic shift towards global markets[55]. - The sales revenue from carbon black products was CNY 1,970,183,371.9, a year-on-year increase of 23.92%[55]. - The company is focusing on strategic acquisitions to enhance its product offerings and market share in the chemical industry[178]. Environmental and Social Responsibility - The company has invested significantly in environmental protection, enhancing facilities to meet national standards, with ongoing projects including desulfurization and wastewater treatment[75]. - The company has achieved a dust removal efficiency of 99.99% through negative pressure collection and bag dust removal measures in its waste gas treatment[84]. - The company has constructed desulfurization, denitrification, and wet electrostatic precipitator facilities, achieving ultra-low emissions standards for waste gas[85]. - The company has actively participated in community development and charitable activities, reflecting its commitment to social responsibility[103]. Governance and Compliance - The company has established a modern corporate governance structure, enhancing the protection of shareholder and creditor rights[92]. - The company adheres to strict information disclosure obligations, ensuring timely and accurate communication of significant information to investors, thereby safeguarding their rights[96]. - The company emphasizes the protection of minority shareholders' rights and conducts shareholder meetings with a combination of online and on-site voting, ensuring equal participation for all shareholders[95].

Financial Performance - The company's operating revenue for 2019 was ¥2,805,930,355.05, a decrease of 9.07% compared to ¥3,085,736,795.45 in 2018[22]. - The net profit attributable to shareholders for 2019 was ¥19,221,241.82, representing an 85.52% decline from ¥132,720,900.80 in 2018[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,951,425.74, down 92.78% from ¥110,060,033.36 in 2018[22]. - The total assets at the end of 2019 were ¥2,662,487,831.67, an 8.61% decrease from ¥2,913,300,463.04 at the end of 2018[22]. - The net assets attributable to shareholders decreased by 2.28% to ¥1,237,213,464.25 from ¥1,266,127,614.85 at the end of 2018[22]. - The basic earnings per share for 2019 was ¥0.0400, down 85.53% from ¥0.2765 in 2018[22]. - The weighted average return on equity for 2019 was 1.55%, a decrease of 9.51% from 11.06% in 2018[22]. - The company received government subsidies amounting to ¥13,694,453.40, which accounted for 71.25% of the net profit, indicating a significant impact on the reported performance[29]. - The company reported a total revenue of 360 million RMB for the year 2019[165]. Sales and Market Position - The company reported that over 90% of its sales revenue comes from carbon black, with raw material costs accounting for approximately 90% of production costs[8]. - 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[9]. - The company relies heavily on the automotive tire industry, which poses a risk due to the industry's volatility affecting carbon black demand[8]. - The carbon black market is heavily influenced by macroeconomic conditions, with potential risks of price suppression if demand from downstream tire manufacturers decreases[8]. - The company acknowledges the increasing competition in the carbon black market, which may impact profitability due to product homogeneity and customer concentration risks[9]. - The company produced 44.93 million tons of carbon black in 2019, accounting for 10.14% of the total production of the industry association, which produced 443 million tons, a decrease of 1.93% year-on-year[38]. - The company achieved a sales volume of 45.66 million tons of carbon black, resulting in a production and sales rate of 101.62%[44]. - The company's carbon black sales revenue was CNY 2,589,238,104.15, a decrease of 9.85% compared to the previous year[51]. - Domestic sales revenue decreased by 3.08% to CNY 2,481,920,541.59, while foreign sales revenue dropped by 38.28% to CNY 324,009,813.46[51]. Research and Development - The company invested 112.12 million yuan in research and development during the reporting period, with a total of 30 patents granted, including 10 invention patents[40]. - The company aims to develop new carbon black varieties to penetrate the high-end market and improve existing product quality to enhance competitiveness[63]. - The company invested CNY 11,212.09 million in R&D, focusing on new product development and optimizing product performance[45]. - The company has made breakthroughs in the high-dispersion white carbon black project, which has been accepted by tire manufacturers[41]. Environmental Compliance and Sustainability - The company emphasizes the importance of environmental compliance, having invested significantly in pollution control measures to meet current standards[9]. - The company has invested CNY 1.9 billion in pollution control facilities, including flue gas desulfurization, denitrification, and dust removal systems[143]. - The company achieved a dust removal efficiency of 99.99% through negative pressure collection and bag dust removal measures[142]. - The company’s solid waste and hazardous waste disposal rate reached 100%[138]. - The company’s emissions of sulfur dioxide (SO2) were reported at 173.08 tons, with a concentration of 550 mg/m3, complying with the emission standards[142]. - The company has established a comprehensive environmental management system, certified by ISO9001 and ISO14001[138]. - The company has implemented a paperless office policy to reduce paper consumption and waste[137]. - The company has established a self-monitoring plan in accordance with national regulations, with real-time data on emissions uploaded to the pollution source monitoring system[147]. Corporate Governance and Shareholder Relations - The company has established a modern corporate governance structure to protect the rights of shareholders and creditors[123]. - The company has maintained its accounting firm, Tianzhi International Accounting Firm, for 7 consecutive years, with an audit fee of CNY 900,000[98]. - The board of directors consists of three independent directors, accounting for over one-third of the total board members, ensuring compliance with legal and regulatory requirements[191]. - The company has a transparent information disclosure system, ensuring timely and accurate communication with investors through designated channels[191]. - The annual shareholders' meeting was held on March 8, 2019, with an investor participation rate of 29.50%[198]. - The company has not engaged in any significant related party transactions during the reporting period[102]. - The company has not experienced any changes in its controlling shareholder during the reporting period[163]. Risk Management - The company faces risks from fluctuations in raw material prices, particularly due to environmental policies and adjustments in the steel and coking industries[8]. - The company has established stable supply relationships with major raw material suppliers, but remains vulnerable to cost increases that cannot be passed on to customers[8]. - The company emphasizes sustainable development and aims to improve risk management and accelerate product research and innovation[80]. Employee Relations and Social Responsibility - The company adheres to labor laws and has established a comprehensive employee rights protection system, including basic pension and medical insurance for all employees[128]. - The company has implemented a performance-based compensation system, opposing egalitarianism in distribution, and ensuring equal employment opportunities[129]. - The company actively engages in social responsibility and public welfare initiatives[119]. - The company is committed to social responsibility, actively participating in community development and charitable activities[136].

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'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].

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].

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].